03-ICT Mentorship Core Content - Month 1 - What To Focus On Right Now

Last modified by Drunk Monkey on 2022-08-24 09:43
1 00:00:36,750 --> 00:00:48,000 ICT: Okay, folks, welcome back. This is the third teaching a series of eight, the first month of the ICT mentorship. Game, we're gonna continue continuing on
2 00:00:48,000 --> 00:00:56,850 our theme of understanding the mindset that you have to have going into the marketplace looking at things in a little bit reverse order than you're normally
3 00:00:56,850 --> 00:01:05,160 taught from a retail perspective. And this is one, this is one of those teachings that you're going to have that if you're new, you actually have the
4 00:01:05,160 --> 00:01:17,070 advantage here, for the state have been trading for a while that have adopted bad habits or an understanding or a belief that they have an understanding, it's
5 00:01:17,070 --> 00:01:25,770 going to be a little bit expensive for them, because they're gonna have to purge some of the things that they either subscribe to, or wrestle with it until they
6 00:01:25,770 --> 00:01:38,160 either do or elect not to use this insight at all. I mapped out a crude depiction here and I've been using it for months actually, as a teaching tool.
7 00:01:39,060 --> 00:01:50,340 But we're going to really hammer it down in this mentorship because imperative that you know, how we as traders are supposed to be viewing marketplace, data
8 00:01:50,340 --> 00:02:04,350 delivery, reverse psychology, whatever the psychology of this informed money is, it's going to be diametrically opposed to that the uninformed or speculative
9 00:02:04,350 --> 00:02:14,820 money, or quote unquote, dumb money. And when we have these ideas, when we look at price, okay, the first thing we have to do is establish who is the victim
10 00:02:14,820 --> 00:02:25,800 here, you know, generally there's a victim always in every crime. And the perspective that the speculative, uninformed money has is that, number one, they
11 00:02:25,800 --> 00:02:37,320 don't acknowledge that there is a smart money, there is not an entity out there that has, quote, unquote, the right things always on the right perspective, or
12 00:02:37,380 --> 00:02:49,440 that a market is rigged or controlled or manipulated, or has any influence over long term price delivery. The uninformed money, okay, or those that are
13 00:02:49,440 --> 00:02:58,260 uninformed in regards to how smart money actually operates and exists in the marketplace, their actual perspective really is that indicators are the answer.
14 00:02:58,800 --> 00:03:10,530 And uninformed money, their perspective holds the belief that price moves by indicators influence, okay, and the influence of an indicator being overbought
15 00:03:10,530 --> 00:03:20,250 or oversold, that is what the precursor is to a market moving higher or lower. And I can tell you, I subscribe to that for years as a new trader. And it took a
16 00:03:20,250 --> 00:03:30,750 long time for me to actually be broken away from that type of mindset. So if you're new and you haven't been exposed to indicator itis, and you're not
17 00:03:30,750 --> 00:03:39,810 infected with that, yet, you actually pretty good in in terms of advantage, those that like to use it indicators are going to have a little bit of a
18 00:03:40,170 --> 00:03:47,400 struggle with this mentorship, because I'm telling you, basically, you need to get that out of your system, get that off your charts, because it is not how
19 00:03:47,430 --> 00:03:55,740 you're going to be able to see smart money. In fact, we're gonna be able to use these indicators to be informed as to what the uninformed traders are actually
20 00:03:55,830 --> 00:04:02,880 thinking. So when we talk about sentiment next month, you'll have a lot more understanding about what that is, how it's developed, and what you can do with
21 00:04:02,880 --> 00:04:14,550 it. Now, obviously, we only exposed one side of the paradigm here by specifically dealing with the speculative, uninformed monies perspective, you're
22 00:04:14,550 --> 00:04:22,200 not here to really so much learn about those individuals, because obviously know, we all know that there's a losing crowd in the marketplace. And your idea
23 00:04:22,650 --> 00:04:31,140 of, you know, being a part of that group is foolish. So we're here only to focus on what the smart money view is on the marketplace. And that begins by
24 00:04:31,140 --> 00:04:42,150 understanding that there is a huge, vast, enormous new pool of liquidity coming into the marketplace every single day. Even though there's new busted accounts
25 00:04:42,150 --> 00:04:51,570 all the time that statistics data tells us that 90% of traders lose their money. Large funds are in the same category. Not every fund is profitable. Just because
26 00:04:51,570 --> 00:04:59,100 there's a lot of people that are investing money into this fund or this fund manager does not no way guarantee that that fund will exist a year, two years
27 00:04:59,100 --> 00:05:09,840 five years from now. So we as informed traders, our perspective is is to hold the perspective of what a liquidity provider or Smart Money view is on the
28 00:05:09,840 --> 00:05:18,690 marketplace. And they put a spotlight on the aspects of uninformed money, because that's what makes the world go round in the marketplace. The smart money
29 00:05:18,690 --> 00:05:28,650 is there to provide liquidity, but they're dealing at a exchange premium. In other words, they're putting in in trades that they're going to most likely come
30 00:05:28,650 --> 00:05:35,520 back to, to either offset or neutralize for their interests. And we're gonna talk more about that as
31 00:05:35,520 --> 00:05:44,640 we go. But for now, understand that the smart money knows, in fact that there is a large body of uninformed money out there. Contrast that with what we spoke of
32 00:05:44,700 --> 00:05:52,350 concerning the uninformed money's perspective is there's a lack of an entity out there that has a smart money perspective on the price, they don't have an
33 00:05:52,350 --> 00:06:05,070 opinion, or an idea based perspective that there is someone or some entity or entities out there that have a smart money perspective, or that the banks would
34 00:06:05,070 --> 00:06:17,670 actually trade against large firms or funds that goes against the grain of what a free market is. So when we have a smart money perspective, in the marketplace,
35 00:06:17,910 --> 00:06:29,910 we actually use their perspective as everybody else's liquidity. And prices deliberate to engineer efficiency for the smart money entities only. It's not
36 00:06:30,000 --> 00:06:40,830 anything outside that. So to hold the perspective of liquidity provider, you are adopting a Smart Money perspective, and everybody else is liquidity. And
37 00:06:40,920 --> 00:06:49,890 liquidity is going to be in the form of buy stocks sell stops, pending orders above and below the market highs that are most recently formed on your charts.
38 00:06:52,650 --> 00:07:03,360 Once we understand that, there's two distinct perspectives, that's what creates the market efficiency paradigm. Both of both groups, okay have their individual
39 00:07:03,360 --> 00:07:11,370 perspectives, the one that is smart money, they have the unique perspective of understanding already what the uninformed mind is going to believe about the
40 00:07:11,370 --> 00:07:19,770 marketplace. And that gives them their edge. On top of that, they are actually in control of price, just like anything else, if you own a storefront, or if you
41 00:07:19,860 --> 00:07:29,490 own a business, and your commodity is sold, who sets the price for that commodity, you you're a store owner, well, currency is owned by the bank, and
42 00:07:29,490 --> 00:07:39,840 they set the price on the value of that bank note for that digit on your screen that says you have XYZ number of dollars in or francs or pounds or whatever it
43 00:07:39,840 --> 00:07:52,320 is that you're measuring your currency in. That's east, that value is set by the central bank that has printed that money. And why this is such a speed bump for
44 00:07:52,320 --> 00:07:59,610 people's understanding is beyond me. Because if you look at the state of the world we're in right now, obviously, corruption and deceit is the name of the
45 00:07:59,610 --> 00:08:08,430 game. So it's not a shock to hear if you first time being exposed to this, that the central banks are in absolute control of what their price of their currency
46 00:08:08,430 --> 00:08:15,240 is, and they can set it anytime at any price they want. Don't believe me? Look at what they did with the Swiss Franc and the euro when it was de pegged,
47 00:08:15,660 --> 00:08:28,500 instantaneous wipe out. Okay. So once we understand both perspectives, okay, intimately, okay, we no longer have a at odds perspective on the marketplace. We
48 00:08:28,500 --> 00:08:38,700 don't vilify the market maker, we don't vilify smart money, we don't beat up or make fun of the uninformed money. In fact, what we do is we find a balance in
49 00:08:38,700 --> 00:08:46,950 between that, and we don't think in terms of victim or aggressor, we just think in terms of efficiency, because the markets are always going to trade in an
50 00:08:46,950 --> 00:08:56,370 efficient manner. But it's slanted and more prone to lace the pockets of the smart money, because they had the advantage of pricing where they were they want
51 00:08:56,370 --> 00:09:03,990 price to go to. And they already know what the perspective is of the uninformed money. And he also knew how to manipulate that perspective, at any given time,
52 00:09:04,140 --> 00:09:17,220 based on chart patterns based on indicators based on just reactions to market news. As we go through this mentorship, we're going to be focusing primarily on
53 00:09:17,220 --> 00:09:26,070 your understanding of these four primary drivers in price delivery. It's retracement expansion, reversal and consolidation. Now, we're not going to talk
54 00:09:26,070 --> 00:09:32,640 specifically about that. But I want you to understand that all the things we're teaching here, they're all frameworks for you to understand those four general
55 00:09:32,640 --> 00:09:45,240 principles. We can't teach specific contexts or topics without having a broad base understanding of foundation. And that's what this entire month of September
56 00:09:45,240 --> 00:09:52,530 is doing. It brings everybody to a reference point to start at the same location. Some of you that are advanced at watch a lot of my free tutorials over
57 00:09:52,530 --> 00:09:59,250 the years. You need to put that aside for a moment and start with this perspective in mind and I promise you it's going to deliver everything that you
58 00:09:59,250 --> 00:10:09,180 skipped over or we're gonna fill in all those gaps. But understanding that the interbank price delivery algorithm, okay, do understand that it's going to have
59 00:10:09,180 --> 00:10:18,120 to come by exposure and exposure creates experience, that experience is going to give you the the understanding of going into the charts seeing what they what
60 00:10:18,120 --> 00:10:21,960 they should be done at price, what you should be seeing in price.
61 00:10:27,030 --> 00:10:38,400 By seeing each individual component explained in detail, and context, each individual part or component of the whole will be able to dovetail nicely and
62 00:10:38,400 --> 00:10:48,240 you'll understand how everything fits together, but suppress that desire to feel like you have to have techniques and, and patterns and intricate secrets about
63 00:10:48,240 --> 00:10:56,280 how the chart does this chart does that you have to have the framework in mind in the foundation of why these things exist. Otherwise, all those little things
64 00:10:56,280 --> 00:11:07,950 ain't gonna make any sense to you when I'm calling on you to refer to them. So with all that, what specifically should you be focusing on right now, as a new
65 00:11:07,950 --> 00:11:18,750 student in this mentorship? The first thing you need to know is there are very little things you should be bringing into your expectations and what your
66 00:11:20,040 --> 00:11:30,720 understanding should be. In other words, basically, what I'm saying is you need to have no previous knowledge, brought in with this, kind of like put everything
67 00:11:30,720 --> 00:11:38,310 aside and assume it's very difficult for those who have already gone through different disciplines of trading, because they have to try to forget what they
68 00:11:38,310 --> 00:11:46,980 already know. And even if they've made money with it, which is the worst thing that could have ever happened, if anything outside of institution orderflow led
69 00:11:46,980 --> 00:11:55,050 to your profitability, it really was just coincidence. And coincidence can happen for a long time. I did it for nine months, and it was all pure luck, and
70 00:11:55,050 --> 00:12:03,990 then it no longer work again. So understanding right now what it is specifically you're supposed to be doing that's important as a new mentor student, the first
71 00:12:03,990 --> 00:12:12,060 thing you need to be doing is creating a daily price action log with price charts. Now, I know some of you don't want to do this, some of you have resisted
72 00:12:12,060 --> 00:12:20,430 me telling you for years to do this. But I'm telling you, you all are here, and you've paid for this mentorship, you paid for the understanding and expecting
73 00:12:20,580 --> 00:12:31,140 experience that gained over the last 23 plus years. I can tell you how I got it was doing the very things I'm going to tell you to do in this specific video. It
74 00:12:31,140 --> 00:12:40,500 starts here. If you skip this video, if you skip what I'm teaching you in this video, if you ignore what I'm telling you what to do in regards to what specific
75 00:12:40,500 --> 00:12:47,580 things you should start with right now. It does not mean okay just because you've been trading longer than anybody else, and because you have an
76 00:12:47,580 --> 00:12:53,520 understanding what optimal trade entry is because you understand what an order block bullish and bearish is before. And because you understand what liquidity
77 00:12:53,520 --> 00:13:03,570 void is, that is not an advantage. Okay, you need to go back to square one. And understand that this is strength in your development. If you don't do these
78 00:13:03,570 --> 00:13:11,490 types of things, you're actually going to hurt your development, you're going to hurt and stunt your growth throughout this mentorship. So go back to square one,
79 00:13:11,490 --> 00:13:20,370 you're a new student do everything that's been described here and advise because this is where the money starts coming in with you have these things in place and
80 00:13:20,370 --> 00:13:29,220 you start right at this very core principle, it will develop we're going to be focusing on this throughout the entire 12 months. Every month, we're going to
81 00:13:29,220 --> 00:13:36,570 build on what rules and what things that you should be looking for in the charts. But for right now, primarily, the only thing I want you to be doing is
82 00:13:36,720 --> 00:13:44,490 starting with a daily chart. Okay, your daily chart needs to show 12 months, no less than nine months view, you have to have that month's perspective on your
83 00:13:44,490 --> 00:13:55,860 chart don't have so much of a perspective, you have multiple years on your chart 12 months to nine months. Ideally, you have a four hour chart. And your for our
84 00:13:55,860 --> 00:14:07,500 chart needs to have three months of price action viewed. The 60 minute chart or one hour chart has to have at least three weeks view. And the 15 minute chart
85 00:14:07,500 --> 00:14:16,050 needs to have at least three to four days view. That means for every chart here, I'm recommending a specific amount of data that needs to be displayed for that
86 00:14:16,050 --> 00:14:26,940 respective timeframe. What you need to resist doing right now is you need to resist the urge to forecast price movements. That's not for your stage of
87 00:14:26,940 --> 00:14:34,200 development right now. Do not try to rush ahead and try to figure out what the market's going to do next, because that's going to be a problem for you. And
88 00:14:34,200 --> 00:14:42,150 it's only going to lead to frustration. We will get you there and it's going to happen in due time. But for now, resist that urge but there are some things you
89 00:14:42,150 --> 00:14:51,600 need to be specifically dealing with these charts. You need to note where price shown a quick movement from a specific level. In other words, if it's run
90 00:14:51,600 --> 00:14:59,190 quickly, higher or lower from a particular level. That's noteworthy you need to note that on your chart, you need to also note recent highs and lows that
91 00:14:59,190 --> 00:15:07,260 haven't been retest That means if a heist formed on your chart, if the price has not come back up to that level in recent time, okay, you need to make a special
92 00:15:07,260 --> 00:15:12,600 note of that because it's going to probably be influential going in the future, or vice versa, just contrarily speaking,
93 00:15:12,630 --> 00:15:20,790 you're going to be able to look for the lows that have formed that have not been recently traded to. And that low will be influential later on, and future price
94 00:15:20,970 --> 00:15:31,410 delivery as well. Note areas on the charts where price has left clean highs and clean lows, basically, that looks like two equal highs that formed in close
95 00:15:31,410 --> 00:15:41,730 proximity to one another. Whenever we, whenever we see a high go up and form and it trades away from after a little while and comes right back to it and doesn't
96 00:15:41,730 --> 00:15:50,430 make a new high or maybe falls a little bit short, just a little bit above it. I knew that it's a clean high. And usually by stops all form above that in the
97 00:15:50,430 --> 00:15:59,280 market will usually come back up there and run through that. It doesn't mean it won't continue through it. But it's usually a big Bullseye for price that want
98 00:15:59,280 --> 00:16:07,980 to go up into that area. And the reverse is said for double bottoms or equal lows when a low is formed and another low is equally formed in close proximity
99 00:16:07,980 --> 00:16:16,950 to the initial one, that's a big area for cell stops to pull or build up underneath it was lows in the market tends to have a willingness to go down here
100 00:16:16,950 --> 00:16:25,350 and test that liquidity means the market will go down into that area, whether it continues to go lower, or if it goes down and then reverses. There's conditions
101 00:16:25,350 --> 00:16:32,850 that we look for the frame all that and you will know when to expect the specific conditions. But for now, I want you to start practicing looking for
102 00:16:32,850 --> 00:16:42,540 that in your charts and having them noted on your chart. Note what days the highs and the lows form. And this is for the weekly range. And you want to note
103 00:16:42,540 --> 00:16:51,630 what time of day that occurs. What kills zone is a high and low of the week forming in London? Or is it forming in New York? Because all those things are
104 00:16:51,630 --> 00:17:00,720 going to lend well to prognostication and what should happen going forward. And you want to note the daily high and the daily low every single trading day. And
105 00:17:00,720 --> 00:17:10,980 you want to note when the daily high and the daily low forms for every individual trading day. Now, what does that look like? Well, it starts off with
106 00:17:10,980 --> 00:17:18,390 a bare bones chart. This is a daily chart and I'm using the Swiss franc here. It could be any chart any pair. But you want to start with one currency pair and
107 00:17:18,390 --> 00:17:27,270 then some mentorship, you want to specifically deal with one, I would recommend you doing something apart from the British pound and the euro, only because
108 00:17:27,270 --> 00:17:35,070 you're gonna see me specifically dealing with that in this individual mentorship. But you want to be doing something with a currency pair that is not
109 00:17:35,070 --> 00:17:43,800 being utilized in this mentorship. So that way, you're getting a unique perspective that you yourself have arrived at using this as a guideline. But the
110 00:17:43,800 --> 00:17:50,910 first thing you want to do is obviously note the most recent highs and in recent lows, where markets have shown a willingness to repel from, that's the first
111 00:17:50,910 --> 00:17:57,360 thing you want to note because this is how you identify order blocks. This is how you identify liquidity voids, this is all the beginning frameworks of that.
112 00:17:57,600 --> 00:18:06,630 But you need to be able to note those recent highs and recent lows. That's what it's been done for you here. Next, you're going to drop down into a four hour
113 00:18:06,630 --> 00:18:15,630 chart. And those same levels of this note on the daily chart are so shown here. And there's more highs and more lows that come into visibility by doing a lower
114 00:18:15,630 --> 00:18:25,620 timeframe perspective we went from again, the chart was a daily chart before now we're looking at the same levels this drop down into a four hour chart and those
115 00:18:25,620 --> 00:18:32,640 levels will be transposed immediately to what the four hour chart shows. Then you go through doing the same thing, you're looking for areas where it's to
116 00:18:32,640 --> 00:18:41,580 clean, equal highs and equal lows and close proximity to one another. And you'll look for where the market has moved quickly away from particular level when it
117 00:18:41,580 --> 00:18:49,620 creates these real big candles or bars. Okay, on your chart, you want to note that because they're going to be influential in your expectations of where price
118 00:18:49,620 --> 00:18:51,600 should go and where they should not go.
119 00:18:53,490 --> 00:19:03,930 You're gonna go down to an hourly chart, okay, an hourly chart, you're gonna be looking at individual days and okay over a course of one or two weeks, and you
120 00:19:03,930 --> 00:19:11,760 can get the weekly range. Define what the hourly chart and you can look at the intraday highs and lows with an hour chart hourly charts are really good
121 00:19:11,760 --> 00:19:19,980 Bellwether chart, if you're a short term trader or a day trader, that's like the daily chart for you the barometer, whether you should be a buyer or seller, and
122 00:19:19,980 --> 00:19:26,160 we'll teach all those things all those intricate details will be taught in this mentorship for now, you need to take in all those levels you found on the daily
123 00:19:26,160 --> 00:19:36,240 chart in the four hour and transposing those to an hourly chart. Now, you want to keep this chart, okay in this format, separate from all the other charts that
124 00:19:36,240 --> 00:19:44,100 I'm going to talk about now. Okay, anything else we talked about in terms of what we're specifically looking for, they don't get utilized on the same chart,
125 00:19:44,100 --> 00:19:54,360 you create another chart so you can have two individual independent, US Swissy charts, okay, but you're gonna carry the information on to separate charts that
126 00:19:54,360 --> 00:20:00,360 way you don't have charts that are too busy, that too many things on air and you get confused and all kinds of things that we worry about there. and you're going
127 00:20:00,360 --> 00:20:08,670 to create another Swiss franc chart. Okay, and for that, you're gonna use a 15 minute chart. And when it's loaded, obviously, it's going to be naked bear
128 00:20:08,670 --> 00:20:15,660 nothing on there. And the 15 minute chart looks like a lot of noise, it doesn't give you any perspective without any frames of reference. And you want to take
129 00:20:16,170 --> 00:20:25,650 the course of action, we talked about using the daily the four hour in one hour chart, do that same thing with the individual 15 minute chart, but you only need
130 00:20:25,650 --> 00:20:34,620 to be applying it to the last 15 Sorry, the last three days, three to four days. And using those reference points in the last three to four days on a 15 minute
131 00:20:34,620 --> 00:20:43,710 chart. Okay, you're gonna be looking at also the daily highs and the daily lows. And you can see this is how I do my charts on a 15 minute basis, you're actually
132 00:20:43,710 --> 00:20:51,720 going to see me actually do this very practice every single day. Going forward. Starting with this week that we're going to enter into the mentorship. I note
133 00:20:51,720 --> 00:21:01,080 the previous day's highs in the previous day's lows, and then draw them out to where zero GMT is, which is eight o'clock in the evening time, in my timeframe.
134 00:21:01,080 --> 00:21:10,080 And in this delivery of data with this platform. This is how I note my daily highs and daily lows. It's important to note also the days of the week. Now, I'm
135 00:21:10,080 --> 00:21:17,640 not going to give you all the specifics here because you're actually gonna be watching me do it on a day to day basis. So you'll be able to get a rough idea
136 00:21:18,000 --> 00:21:26,640 in this tutorial, but more specifically, you're gonna actually see me actually creating documents for my individual record keeping. So you're gonna see
137 00:21:26,640 --> 00:21:35,070 actually how I do my charts, how I log them. And yes, even after 23 years of trading, I still do this. It's important to do it. It's understanding it's
138 00:21:35,070 --> 00:21:42,720 clarity, it gives you perspective, and it's what professionals do. Sorry, it's just you there's no way around it. The folks that are really concerned about the
139 00:21:42,720 --> 00:21:49,980 market, they have logs, they keep journals, these are the types of things that they do. If you notice real quick why noting the previous day's highs and
140 00:21:49,980 --> 00:21:59,730 previous day's lows. If you look at Wednesday's data, okay, you see the little delineation where it says Wednesday, if you look at the previous day, obviously
141 00:21:59,730 --> 00:22:08,640 it would be Tuesday in the course of a normal week, that the high that was formed on Tuesday, on Wednesday price came right up there and ran through that
142 00:22:08,670 --> 00:22:19,260 around the 9790 level. Notice it did not continue through that it just went through up through the previous days or Tuesday's high, then it sold off. When
143 00:22:19,260 --> 00:22:27,570 it sold off. It went all the way down where to go down to just any old level and went down to Tuesday's low, just breaching it by a PIP or two and then came back
144 00:22:27,570 --> 00:22:36,750 off into consolidation. Then looking at what happened on Thursday, Thursday, we had price retrace back into the range that was created from Wednesday's high
145 00:22:36,960 --> 00:22:47,640 down into Wednesday's low. Thursday starts today with trading and consolidation. It rallies up closes in a range. Okay, that was formed from Wednesday's high
146 00:22:47,640 --> 00:22:57,420 Wednesday's low, then it sells off and where does it sell off to moving just below, then it pulls off that low and goes into consolidation. Then we have
147 00:22:57,420 --> 00:23:07,800 Friday to market this goes straight on up rolls right on through Thursdays high and creating a new high. Prior to Friday, the weekly High was formed on
148 00:23:07,800 --> 00:23:17,070 Wednesday, it ran out the stops and all the liquidity that would be resting above Wednesday's high. All done on Friday. So we're going to be using these
149 00:23:17,070 --> 00:23:23,580 reference points and giving you a lot more insight about specifics and what you're doing with it. But for now, I want you to know that this is what you're
150 00:23:23,580 --> 00:23:31,590 gonna be doing. Going forward every single trading day, you're going to document price action, and you're going to build on your understanding. Every month, I
151 00:23:31,590 --> 00:23:38,010 give you more reference points to add to your charts and why it's important what says what that information will do for you what
152 00:23:39,510 --> 00:23:49,950 were the advantages it gives to you by having it and by having your charts very uniformly organized like this, when you're trading, your chart is going to have
153 00:23:50,130 --> 00:23:57,720 its independent analysis, you're not going to have all these things on your chart. But these charts are always gonna be referred to while you're watching
154 00:23:57,720 --> 00:24:05,610 price, because by having three charts, okay, cuz you're gonna have one that's executable. In other words, what you're watching on the setup right now, because
155 00:24:05,610 --> 00:24:13,980 you never want to marry the ideas that you have in your analysis, you need to reflect on them. But you don't want to be so cast iron can't do it any other
156 00:24:13,980 --> 00:24:21,960 way. It has to be that way. Otherwise, you're watching Real Time price action, if you see something that doesn't make sense for what the underlying conditions
157 00:24:21,960 --> 00:24:29,640 that you're expecting occurs in the marketplace, you won't have the flexibility to switch gears or go to the sidelines, you'll just hold on to the mark with
158 00:24:29,640 --> 00:24:36,510 strong conviction and that that's imposing your will that the mark is going to do what they're going to do. And it's not going to happen because you want it to
159 00:24:36,510 --> 00:24:42,300 happen, it's going to happen because it's going to happen. And we try to get in sync with what the markets going to do, whether it's going to be moving
160 00:24:42,300 --> 00:24:49,950 sideways, whether it's gonna go higher, whether it's gonna lower. We don't know any of those directions with a great deal of certainty. We didn't know
161 00:24:49,950 --> 00:24:56,280 probabilities, but we know how to go into the marketplace looking for these types of things over and over and over again they repeat and you'll be able to
162 00:24:56,280 --> 00:25:01,260 find those repeating occurrences in price action at through going through this mentorship