002-ict-tw-spaces-2024-09-22-The-Real-Secrets-Of-Market-Making-and-Why-You-Lose
Last modified by Drunk Monkey on 2024-09-25 08:45
| 1 | 00:01:00 --> 00:01:22 | ICT: Well, good morning, folks. If you're all doing well, you would be so |
| 2 | 00:01:22 --> 00:01:28 | kind as to let me know you can hear me. Okay. You can send a tweet to me, and I |
| 3 | 00:01:28 --> 00:01:32 | will know for certain that we're good. Just give me a five by five, and that |
| 4 | 00:01:32 --> 00:01:34 | means you hear me, fine. You |
| 5 | 00:01:49 --> 00:01:53 | thank you, folks, thank you. Thank you. All right. First of all, I want to |
| 6 | 00:01:53 --> 00:01:59 | apologize. Yesterday, my wife sprung something on me last minute that I |
| 7 | 00:01:59 --> 00:02:02 | wasn't aware of you. She's pretty, pretty good about letting me know what |
| 8 | 00:02:03 --> 00:02:10 | my schedule has to work around family, matter stuff and wasn't able to do Yeah, |
| 9 | 00:02:10 --> 00:02:16 | the Twitter space yesterday. So here's what it is. Today is Sunday. So I do |
| 10 | 00:02:16 --> 00:02:22 | things, you know, in my own personal faith, I don't go to a church per se, |
| 11 | 00:02:24 --> 00:02:30 | but I do spend time with the Lord every day, but I want to be spending time with |
| 12 | 00:02:30 --> 00:02:35 | him the majority of today. So today won't be one of those long duration just |
| 13 | 00:02:35 --> 00:02:39 | keeps on going, going, going. And some of you might not be happy about that, |
| 14 | 00:02:39 --> 00:02:44 | but it's okay. It's okay. It'll be it'll be concise and useful information, and |
| 15 | 00:02:44 --> 00:02:49 | it's going to be something of a number of questions. I want you to go into this |
| 16 | 00:02:49 --> 00:02:55 | new equip and reflect on how you're usually looking at the marketplace, how |
| 17 | 00:02:55 --> 00:02:59 | you're looking at a market, how you're looking at price. Maybe you're using |
| 18 | 00:02:59 --> 00:03:04 | tools that are not mine, and you just hear because you like to listen to you |
| 19 | 00:03:04 --> 00:03:12 | the rhetoric some of the questions I'm going to ask you in this space, don't |
| 20 | 00:03:12 --> 00:03:18 | just think about them and then put it off, write them down, because they're |
| 21 | 00:03:18 --> 00:03:22 | going to be impactful when you get to next weekend and you reflect on it, |
| 22 | 00:03:23 --> 00:03:27 | you'll see things obviously a little bit differently. That's the goal. If you're |
| 23 | 00:03:27 --> 00:03:31 | actively engaging with what I'm going to suggest to you, you will see things |
| 24 | 00:03:31 --> 00:03:36 | differently. And it may be an epiphany for some of you, where you get your aha |
| 25 | 00:03:36 --> 00:03:46 | moment. But since I started the 24 or 2024 mentorship on YouTube, I had a lot |
| 26 | 00:03:46 --> 00:03:50 | of feedback, and it's been predominantly very positive. In fact, like most |
| 27 | 00:03:50 --> 00:03:55 | everybody's saying the same thing, this is the best one, if I should have been |
| 28 | 00:03:55 --> 00:04:02 | teaching it this way for the beginning. And I understand that, but also remind |
| 29 | 00:04:02 --> 00:04:05 | you that these are the things that I didn't want to teach. It's not |
| 30 | 00:04:05 --> 00:04:09 | everything that I don't want to teach. It's just it's in the area of what I did |
| 31 | 00:04:09 --> 00:04:12 | not want to teach, and it's not necessary, because you can see, I have |
| 32 | 00:04:12 --> 00:04:15 | students that have made money, they're consistently profitable, and they get |
| 33 | 00:04:15 --> 00:04:19 | payouts, and they live stream, they share their executions and whatnot. So |
| 34 | 00:04:19 --> 00:04:23 | they didn't need to have what was in 2024 mentorship. Four's mentorship, |
| 35 | 00:04:23 --> 00:04:30 | right? So I want to ask you a question about what you've seen so far. |
| 36 | 00:04:31 --> 00:04:36 | Obviously, when I live stream, I'm telling you what price should do, and |
| 37 | 00:04:36 --> 00:04:40 | I'm doing it over a one minute chart, and many times over a 15 second chart, |
| 38 | 00:04:41 --> 00:04:48 | which affords me next to no time to have any other expectation on what I think |
| 39 | 00:04:48 --> 00:04:52 | price is going to do. And because I'm I'm straining it with the lowest |
| 40 | 00:04:52 --> 00:04:56 | latency. That means when I'm when I'm saying something, I'm checking my audio, |
| 41 | 00:04:57 --> 00:05:01 | it's usually a four second delay. I'm. So there's no way that that could be |
| 42 | 00:05:01 --> 00:05:06 | faked. There's no way that that could be another source of information I'm |
| 43 | 00:05:06 --> 00:05:09 | drawing from and then picking the right one, and then saying, here's, here's |
| 44 | 00:05:09 --> 00:05:13 | what I did right today. Okay, so I basically canceled all those arguments |
| 45 | 00:05:13 --> 00:05:19 | so far, and I've shown you executions based on the logic that I'm I'm |
| 46 | 00:05:19 --> 00:05:22 | teaching. And this week, we're going to be doing some work with limit orders. |
| 47 | 00:05:22 --> 00:05:26 | Limit orders, and I'm going to show you how to go in and take lots of executions |
| 48 | 00:05:27 --> 00:05:31 | as a reminder going into it. And I will have this actually typed out in a |
| 49 | 00:05:31 --> 00:05:35 | watermark, because I know some trolls want to use these types of opportunities |
| 50 | 00:05:35 --> 00:05:39 | to make it look like I don't know I'm doing. I think I'm pretty much |
| 51 | 00:05:40 --> 00:05:44 | communicating. I know what I'm doing. I have trolled in the past. I've done some |
| 52 | 00:05:44 --> 00:05:47 | silly things to get people talking, and it works. That's why I do these things. |
| 53 | 00:05:47 --> 00:05:53 | I'll say something to get people inflamed, or I'll I'll make a snide |
| 54 | 00:05:53 --> 00:05:57 | remark about something, and it gets people talking. That is my marketing |
| 55 | 00:05:57 --> 00:06:01 | mechanism. That's how I do it. I don't have to pay for marketing. I get people |
| 56 | 00:06:01 --> 00:06:05 | twisted up in their panties, and then they go run around, and they try to get |
| 57 | 00:06:05 --> 00:06:09 | their friends to come over to me and troll, and then their their followers |
| 58 | 00:06:09 --> 00:06:13 | see it, and then they get intrigued by what it is I'm doing. And then all of a |
| 59 | 00:06:13 --> 00:06:19 | sudden, now they're a student. So I am the master of harvesting other people, |
| 60 | 00:06:19 --> 00:06:24 | and I don't have to pay for it. I'm a master of manipulating the perceptions |
| 61 | 00:06:24 --> 00:06:30 | of people to get them to come and look and see and they can test it themselves. |
| 62 | 00:06:31 --> 00:06:35 | And anyone that puts their head down to the charts and listens to the things I'm |
| 63 | 00:06:35 --> 00:06:40 | teaching, as I'm going to talk about today, it's a real hard argument to walk |
| 64 | 00:06:40 --> 00:06:45 | away from and think that you got it in the bag where you You're right, and what |
| 65 | 00:06:45 --> 00:06:49 | I'm teaching is wrong or a fallacy, because it's not what I'm actually |
| 66 | 00:06:49 --> 00:06:52 | showcasing and teaching is the market itself. I'm showing you entries to the |
| 67 | 00:06:52 --> 00:06:57 | tick around the very specific PDA rates I'm teaching that are supposedly non |
| 68 | 00:06:57 --> 00:07:02 | existent or supposedly rebranded from somewhere else, but you can't find it |
| 69 | 00:07:02 --> 00:07:10 | anywhere else. At some point, you know the folks that keep saying nonsense |
| 70 | 00:07:10 --> 00:07:13 | about what is your learning, or maybe that you have already learned, and |
| 71 | 00:07:14 --> 00:07:18 | you're not bothered by it and you want to move on. I talk this way not because |
| 72 | 00:07:18 --> 00:07:22 | of insecurity, because there's always an increasing number of new people |
| 73 | 00:07:22 --> 00:07:28 | following me, and I only have a small little window to capture their attention |
| 74 | 00:07:28 --> 00:07:32 | and make them think about things critically, because the Tiktok mentality |
| 75 | 00:07:33 --> 00:07:38 | is very pervasive right now on social media. So if you don't convince me in 30 |
| 76 | 00:07:38 --> 00:07:41 | seconds that I'm moving on, not that I need anybody like I don't need anybody |
| 77 | 00:07:41 --> 00:07:43 | to come on my YouTube channel. I don't YouTube channel. I don't care if you |
| 78 | 00:07:43 --> 00:07:46 | ever buy my books. I don't care. I don't care if you like me. I mean, I really |
| 79 | 00:07:46 --> 00:07:50 | don't. That's not That's not what this is about. I made an arrangement, a deal, |
| 80 | 00:07:51 --> 00:07:57 | and I'm living up to the best I can. So if you choose not to use me as a mentor, |
| 81 | 00:07:57 --> 00:08:01 | that's fine. There's other things out there you can use as it as a reason to |
| 82 | 00:08:01 --> 00:08:05 | get into a trade. That does not mean that's the reason why the market went |
| 83 | 00:08:05 --> 00:08:10 | up, and that's why you have to embrace these ideas of, well, the markets are |
| 84 | 00:08:10 --> 00:08:16 | random, so that's why we have to use money management. Okay, I don't like |
| 85 | 00:08:16 --> 00:08:21 | 5050 odds. I don't like it when it's iffy. I like to know when everything is |
| 86 | 00:08:21 --> 00:08:27 | in my favor. And for most people, that sounds like that's an impossibility, but |
| 87 | 00:08:27 --> 00:08:31 | I'm showcasing it in live stream. I'm showing you where something might look |
| 88 | 00:08:31 --> 00:08:36 | like a setup that someone that watches my YouTube video one time, or they watch |
| 89 | 00:08:36 --> 00:08:40 | a sampling of them, and maybe you've done this yourself, where you just want |
| 90 | 00:08:40 --> 00:08:44 | to go in and just cherry pick certain things. And if it's a real long video, I |
| 91 | 00:08:44 --> 00:08:47 | don't want to watch that one. I want to go to the real short ones, or I'll go to |
| 92 | 00:08:47 --> 00:08:51 | another channel that's taking pieces of what I say, and you're not getting the |
| 93 | 00:08:51 --> 00:08:55 | full panoramic immersion of understanding what it is I'm talking |
| 94 | 00:08:55 --> 00:08:58 | about. And it's fun seeing everybody with their YouTube channels, and I put |
| 95 | 00:08:58 --> 00:09:01 | little clips together, and they put music behind it, and it sounded like |
| 96 | 00:09:01 --> 00:09:05 | Alan Watts talking to you, right? I'm a fan of Alan Watts, by the way, but the |
| 97 | 00:09:07 --> 00:09:13 | the point is missed in that it's wonderful engagement, traffic inducing, |
| 98 | 00:09:13 --> 00:09:17 | things that other people are helping my channel with, but you're really not |
| 99 | 00:09:17 --> 00:09:22 | learning that way. It might cause a concern or a question to arise, I want |
| 100 | 00:09:22 --> 00:09:26 | to know a little bit more about that new day opening gap, or that opening range |
| 101 | 00:09:26 --> 00:09:31 | gap, or what's these inversion fair value gaps and whatnot. So it causes a |
| 102 | 00:09:31 --> 00:09:39 | matter of inquiry, some curiosity. They may not come to my channel or maybe even |
| 103 | 00:09:39 --> 00:09:43 | listening to these spaces with the express purposes of wanting to become a |
| 104 | 00:09:43 --> 00:09:50 | student of mine, because they've heard things about me, whatnot, and that might |
| 105 | 00:09:50 --> 00:09:54 | change because of what they see and what they hear and what they've been |
| 106 | 00:09:54 --> 00:09:59 | struggling to try to become, which is consistently profitable that may not |
| 107 | 00:09:59 --> 00:10:03 | have been afforded. To them based on what it is they've been trying to employ |
| 108 | 00:10:03 --> 00:10:07 | as a methodology, or learning from someone else, or using some archaic |
| 109 | 00:10:07 --> 00:10:12 | retail logic that is absolutely flawed. And I'm going to talk about how all of |
| 110 | 00:10:12 --> 00:10:16 | those retail concepts are flawed today, and how you can adopt the mindset to |
| 111 | 00:10:16 --> 00:10:20 | cannibalize all of that because that's exactly what I do. I do not trade with |
| 112 | 00:10:20 --> 00:10:26 | any retail logic, except for noticing it in the chart and then fading it. That's |
| 113 | 00:10:26 --> 00:10:30 | what that's the mindset of smart money. Smart Money does not look at a wedge |
| 114 | 00:10:30 --> 00:10:37 | pattern or a bull flag pattern or a broadening top pattern or cup and handle |
| 115 | 00:10:37 --> 00:10:41 | pattern and says, Wow. No, this is it. This is where I'm going to get in here |
| 116 | 00:10:41 --> 00:10:47 | and trade. I look for those types of scenarios when it's diametrically |
| 117 | 00:10:47 --> 00:10:50 | opposed to where I believe that the algorithm is going to reprice to. And |
| 118 | 00:10:50 --> 00:10:55 | when I have those conditions, I'm going to trade with my largest leverage. If I |
| 119 | 00:10:55 --> 00:11:01 | don't have a retail concept there, it's not necessary. I'll just use a standard |
| 120 | 00:11:01 --> 00:11:04 | measure of leverage. It's not that big of a deal, but when I had everything in |
| 121 | 00:11:04 --> 00:11:08 | my favor, and I know I'm in an arm wrestling match or a tug of war with |
| 122 | 00:11:08 --> 00:11:13 | John Q Public, who just read a book, or he just opened up his TD Ameritrade |
| 123 | 00:11:13 --> 00:11:17 | account, and he's never traded before. He's never studied price action. He just |
| 124 | 00:11:17 --> 00:11:20 | thinks he's going to try it out if they're willing to share their opinion |
| 125 | 00:11:20 --> 00:11:25 | about what they want to see in the marketplace. And there's a classic |
| 126 | 00:11:25 --> 00:11:29 | retail pattern in price that they're mentioning, and I know that the market's |
| 127 | 00:11:29 --> 00:11:32 | most likely going to go the other direction. I'm literally going to enter |
| 128 | 00:11:32 --> 00:11:36 | right where they're trying to go the other direction, and I'll have next to |
| 129 | 00:11:36 --> 00:11:36 | zero drawdown. |
| 130 | 00:11:38 --> 00:11:42 | And all you have to do is look at my executions, and you'll see that when I'm |
| 131 | 00:11:42 --> 00:11:47 | entering, it's immediate delivery to covering the costs of a spread or |
| 132 | 00:11:47 --> 00:11:53 | commissions, and it's already in profit. Because if I'm short, I teach my |
| 133 | 00:11:53 --> 00:11:57 | students the same way you want to be selling short when the market's going |
| 134 | 00:11:57 --> 00:12:04 | up, because that's the fastest route away from your entry, because to go |
| 135 | 00:12:04 --> 00:12:09 | lower, I'm expecting it to reach to some kind of premium array. Okay, that's |
| 136 | 00:12:09 --> 00:12:14 | something that's algorithmically delivered for a last chance to get in. |
| 137 | 00:12:14 --> 00:12:19 | Basically, is what that is. And when you're bearish, every PD array that's a |
| 138 | 00:12:19 --> 00:12:23 | premium while that market is in a cell program, it means it's getting ready to |
| 139 | 00:12:23 --> 00:12:29 | deliver sell side to sell side liquidity. That's the paradigm, that's |
| 140 | 00:12:29 --> 00:12:35 | the that's the methodology of watching and viewing price action correctly, not |
| 141 | 00:12:35 --> 00:12:41 | with pseudo order flow on level two data. That's all scammed, that's all |
| 142 | 00:12:41 --> 00:12:46 | fake. Sure, there's some real orders in that, but they're not all real. And |
| 143 | 00:12:46 --> 00:12:51 | because if they can be manipulated, they can that's a wonderful tool, like a red |
| 144 | 00:12:51 --> 00:12:56 | herring. Dangle a whole bunch of numbers at a particular price. And all of you |
| 145 | 00:12:56 --> 00:12:59 | guys that sit out there and gals that sit out there, and you watch these |
| 146 | 00:12:59 --> 00:13:03 | things, these depth of markets, you know, level two, data, volume, profile, |
| 147 | 00:13:03 --> 00:13:11 | BSA and all that stuff. You get tricked all the time. And I'm sitting in the |
| 148 | 00:13:11 --> 00:13:16 | sidelines, in the quiet, not saying anything in your live streams or |
| 149 | 00:13:16 --> 00:13:22 | whatnot. And I'm watching the people that see those numbers, and you get real |
| 150 | 00:13:22 --> 00:13:27 | excited, and the more people talk about is very specific level, because look at |
| 151 | 00:13:27 --> 00:13:30 | all those numbers, there's a so and so number of contracts. There's a so and so |
| 152 | 00:13:30 --> 00:13:35 | number of orders sitting at this level. As soon as someone says that audibly, as |
| 153 | 00:13:35 --> 00:13:41 | a YouTube Live streamer or their chat box starts talking or calling out very |
| 154 | 00:13:41 --> 00:13:45 | specific levels, because there's a certain number of orders supposedly |
| 155 | 00:13:45 --> 00:13:52 | above it or below it. As soon as I see that, I am ready to pounce. Because what |
| 156 | 00:13:52 --> 00:13:58 | that is that's an indication that the weakest minded trader, the weakest |
| 157 | 00:13:59 --> 00:14:08 | equipped speculator, the most likely to lose individual in the marketplace is |
| 158 | 00:14:08 --> 00:14:15 | sharing their unlearning opinion at a real time moment where I can measure |
| 159 | 00:14:15 --> 00:14:20 | that against what I see in price. So that's the only absolute, only reason |
| 160 | 00:14:20 --> 00:14:27 | why I watch majority of my live stream people that I like now, Tanya trades is |
| 161 | 00:14:27 --> 00:14:32 | my student, so she trades with my concepts. I don't I don't fade her I |
| 162 | 00:14:32 --> 00:14:37 | don't fade her chat. I just like watching her. So I might go into her |
| 163 | 00:14:37 --> 00:14:41 | live stream and say, Hey, how you doing? Or just watch this level or that level, |
| 164 | 00:14:41 --> 00:14:45 | but I'm not trying to engage or manipulate that chat. I'm watching her |
| 165 | 00:14:45 --> 00:14:50 | for the sake of watching her because she's done well. Everybody else I'm |
| 166 | 00:14:50 --> 00:14:56 | using for their chat window. That's why I'm there. And sometimes the streamer |
| 167 | 00:14:56 --> 00:15:00 | might say something that's silly and it makes me laugh, but I. Other than that, |
| 168 | 00:15:00 --> 00:15:05 | I don't want to follow anybody else, because it's just chaff. But when I'm |
| 169 | 00:15:05 --> 00:15:09 | looking for a setup, I will absolutely go into the live streams and get a feel |
| 170 | 00:15:09 --> 00:15:16 | for sentiment, because it gives me a real world, real time sentiment reading |
| 171 | 00:15:16 --> 00:15:21 | from less informed individuals. And that might sound, that might sound mean |
| 172 | 00:15:21 --> 00:15:28 | spirited. It's not. It's not, you know, if, if someone at a company was saying, |
| 173 | 00:15:28 --> 00:15:32 | hey, look, we're getting ready to introduce a really amazing new product |
| 174 | 00:15:32 --> 00:15:37 | line of something new and innovating, and you were a friend of that person and |
| 175 | 00:15:37 --> 00:15:41 | that that company was traded on the stock exchange, you have basically an |
| 176 | 00:15:41 --> 00:15:46 | inside tip, and you can frown on that and call it whatever you want to call |
| 177 | 00:15:46 --> 00:15:49 | it, okay, but if I had a long term friend like that and they were saying, |
| 178 | 00:15:49 --> 00:15:52 | hey, look, this is your income out. I can't tell you exactly what it is, but |
| 179 | 00:15:52 --> 00:15:55 | we're going to have something amazing to hit the market. I'm probably going to go |
| 180 | 00:15:55 --> 00:16:02 | in there and buy some call options, because I have a perspective that's |
| 181 | 00:16:02 --> 00:16:10 | being afforded to me, that I have faith in probably being correct, because |
| 182 | 00:16:10 --> 00:16:15 | they're there. Well, if you look at the retail mindset, 90% of them are wrong. |
| 183 | 00:16:15 --> 00:16:20 | So if they're doing you a favor by collectively coming out and saying, This |
| 184 | 00:16:20 --> 00:16:25 | is what they believe the market's going to go up, or go up to this level, or go |
| 185 | 00:16:25 --> 00:16:32 | down, or go down to this level. They're giving you a gift, because they're |
| 186 | 00:16:32 --> 00:16:36 | giving you better than an overbought, oversold indicator, because you can't |
| 187 | 00:16:37 --> 00:16:47 | personify the aspects of fear, greed, FOMO in just the number crunching of a |
| 188 | 00:16:48 --> 00:16:52 | overbought oversold indicator. But if you combine that with market sentiment |
| 189 | 00:16:53 --> 00:16:57 | when you're bearish, and that overbought, oversold reading is |
| 190 | 00:16:57 --> 00:17:02 | overbought and it maybe is having a bearish divergence. But at the same time |
| 191 | 00:17:02 --> 00:17:06 | now you have real people chattering or posting on their social media accounts. |
| 192 | 00:17:07 --> 00:17:10 | Get ready for the you know, the move. It's getting ready to happen. It's going |
| 193 | 00:17:10 --> 00:17:14 | to go up, and the more adjectives that they use, that means they're really |
| 194 | 00:17:14 --> 00:17:19 | trying to convince other people and convince themselves. So that means, |
| 195 | 00:17:19 --> 00:17:22 | like, that's the most overbought of overbought readings as you can have, and |
| 196 | 00:17:22 --> 00:17:27 | it's not necessary to have it on a plotted basis, crunching a period of |
| 197 | 00:17:27 --> 00:17:33 | candlesticks or bars over the last number of 10 or 1520, handles or not |
| 198 | 00:17:33 --> 00:17:37 | handles, periods that you're going to use to measure for the overbought result |
| 199 | 00:17:37 --> 00:17:41 | indicator. So I used to, as a young trader, I used to use the revolver sold. |
| 200 | 00:17:41 --> 00:17:47 | And then I discovered that it's not necessary just looking at the range and |
| 201 | 00:17:47 --> 00:17:50 | then understanding what the PD arrays are inside that most recent range, from |
| 202 | 00:17:50 --> 00:17:53 | the recent high down to the recent low. And you can trade just inside that range |
| 203 | 00:17:53 --> 00:17:58 | and never trade outside of it, and make all the money you'd ever want. And if |
| 204 | 00:17:58 --> 00:18:04 | you write down the things I'm going to suggest you today. I promise you they're |
| 205 | 00:18:04 --> 00:18:07 | going to serve you well. You'll have a better understanding about how the |
| 206 | 00:18:07 --> 00:18:11 | markets are booked from the market makers perspective, not a dealer, |
| 207 | 00:18:11 --> 00:18:14 | because they're going to talk about that, because I'm going to make a very |
| 208 | 00:18:14 --> 00:18:18 | strong contrast between what you think a market maker is and what the market |
| 209 | 00:18:18 --> 00:18:25 | maker is for real, and why I'm always on side. How many times have you seen me do |
| 210 | 00:18:25 --> 00:18:29 | something wrong since I started doing the 2024, mentorship? How many times |
| 211 | 00:18:29 --> 00:18:33 | have you seen it done wrong? Zero. I can tell you what fair value gap is real, |
| 212 | 00:18:33 --> 00:18:38 | which one's not. I can tell you how something's going to fail, what |
| 213 | 00:18:38 --> 00:18:42 | direction it's going to go, what liquidity is going to reach. For that, |
| 214 | 00:18:42 --> 00:18:46 | to me, is boring, okay, but that's a skill set that you all are striving to |
| 215 | 00:18:46 --> 00:18:52 | learn. And I'm proving it with no confusion. It's right to the point it's |
| 216 | 00:18:52 --> 00:18:55 | in life. And I'm pointing to it. I'm explaining to why it should do this. And |
| 217 | 00:18:55 --> 00:18:59 | it happens. It's not a pre recorded session where people in the past have |
| 218 | 00:18:59 --> 00:19:03 | said, I'm doing multiple chances and then using the ones that work to look |
| 219 | 00:19:03 --> 00:19:13 | good. If you're seeing seven weeks or so of me doing it accurately. Is it a |
| 220 | 00:19:13 --> 00:19:18 | question? Why that you don't see losing trades by me? Because I know what I'm |
| 221 | 00:19:18 --> 00:19:22 | looking for. Now, if I trade every single instance where there could |
| 222 | 00:19:22 --> 00:19:26 | potentially be a trade there, and I don't filter it with my experience and |
| 223 | 00:19:26 --> 00:19:29 | the other things that I'm teaching as protocols, that tells me, yeah, this |
| 224 | 00:19:29 --> 00:19:32 | isn't probably going to be panning out for me. So while that might be |
| 225 | 00:19:33 --> 00:19:38 | noteworthy dimension, while tape reading in the live stream, I'm not going to |
| 226 | 00:19:38 --> 00:19:42 | execute on that one, because I know enough that tells me that that's not |
| 227 | 00:19:42 --> 00:19:47 | likely to deliver, so I'm going to wait for the next PD array. It's kind of like |
| 228 | 00:19:47 --> 00:19:51 | you go, you're walking down the street. You know that bus is supposed to be |
| 229 | 00:19:51 --> 00:19:57 | there at 10 minutes after 10. No pun intended, but just so happens that they |
| 230 | 00:19:57 --> 00:20:01 | got there a little bit early, and maybe the bus driver. Hours, little jerked out |
| 231 | 00:20:01 --> 00:20:04 | of gear, and they don't sit there long enough for you to get there and get on |
| 232 | 00:20:04 --> 00:20:07 | the bus. Okay, no problem. Just sit there and wait 20 more minutes, 30 |
| 233 | 00:20:09 --> 00:20:13 | minutes or wherever the the schedule is, and it'll come back around. That's what |
| 234 | 00:20:13 --> 00:20:16 | it's like when you have understanding my PD arrays. I don't have to have every |
| 235 | 00:20:16 --> 00:20:21 | single entry I showcase. I want to have the highest one that's afforded to me if |
| 236 | 00:20:21 --> 00:20:24 | I'm bearish, I want to have the lowest one that's afforded to me when I'm |
| 237 | 00:20:24 --> 00:20:30 | bullish. But I might not be there at the time when the chart does it. I might be |
| 238 | 00:20:30 --> 00:20:33 | in an alert that tells me, hey, look, it's done something. And then by the |
| 239 | 00:20:33 --> 00:20:37 | time of me seeing that and then going to my charts, there may have been a very |
| 240 | 00:20:37 --> 00:20:42 | fast displacement, and I've missed the ideal lowest entry or highest entry. I'm |
| 241 | 00:20:42 --> 00:20:48 | not freaking out about that. I have 81 ways to get into a trade, and not all of |
| 242 | 00:20:48 --> 00:20:52 | them appear in every single price run. I just look for the ones that appear, and |
| 243 | 00:20:53 --> 00:20:56 | because I know what they look like, like deer tracks, and I've seen it with my |
| 244 | 00:20:56 --> 00:21:00 | dad taking me out in the woods. That's proverbial. That never happened, but |
| 245 | 00:21:00 --> 00:21:05 | I've used that analogy because I've recognized it, because I know what it |
| 246 | 00:21:05 --> 00:21:09 | looks like in the past, and I've traded it and executed on it. Out of those 81 |
| 247 | 00:21:09 --> 00:21:16 | specific PD arrays that may be allowed for me to enter on there may have only |
| 248 | 00:21:16 --> 00:21:23 | been free that actually formed in that price run. It doesn't mean the other 70 |
| 249 | 00:21:23 --> 00:21:27 | plus aren't good. It just means that the algorithm did not implement them. |
| 250 | 00:21:29 --> 00:21:33 | So I know what I'm looking for. I know what time my setups are going to form. |
| 251 | 00:21:33 --> 00:21:37 | That's the most important thing. I know what time I can set my entire schedule |
| 252 | 00:21:37 --> 00:21:44 | around three or four or 568, different types of trades that I know I can do. |
| 253 | 00:21:44 --> 00:21:48 | One trade, walk away from the charts and come back five minutes before the next |
| 254 | 00:21:48 --> 00:21:53 | one was supposed to be there and not be there when it happens. Can you can your |
| 255 | 00:21:53 --> 00:21:56 | mentor, can your school of thought? Can the people that wrote the books that |
| 256 | 00:21:56 --> 00:22:00 | you're believing as a religion? Can they tell you that? Can they demonstrate |
| 257 | 00:22:00 --> 00:22:07 | that? Can they do it consistently? I bet you they can't. And I bet you you can't. |
| 258 | 00:22:08 --> 00:22:13 | There's something different here, folks, and I'm trying to without just taking |
| 259 | 00:22:13 --> 00:22:17 | you right to it, because we're gradually getting it nonetheless. But I'm trying |
| 260 | 00:22:17 --> 00:22:22 | to allow that moon of astonishment where you see it and it jumps off the chart. |
| 261 | 00:22:22 --> 00:22:26 | You're like, Ah, oh. And for some of you, you're starting to see some of |
| 262 | 00:22:26 --> 00:22:31 | those things in the comment section, and I'm allowing you to keep that to |
| 263 | 00:22:31 --> 00:22:35 | yourself, the worst thing you can do is go bladed on social media, because then |
| 264 | 00:22:35 --> 00:22:39 | you'll ruin it for everybody else. Let them have that same move in |
| 265 | 00:22:39 --> 00:22:42 | astonishment. Because if they don't, it's okay, because when I wrap up the |
| 266 | 00:22:42 --> 00:22:45 | live streams going into the last week of October, because we're not live |
| 267 | 00:22:45 --> 00:22:49 | streaming November and December, the holidays, that's my time. I'll do pre |
| 268 | 00:22:49 --> 00:22:53 | recorded videos whenever I find a time to do it, but live streaming stops the |
| 269 | 00:22:53 --> 00:22:58 | last week of October, so by then, you'll know everything that I wanted to teach |
| 270 | 00:22:58 --> 00:23:03 | in the 2024 mentorship. So it's not like a long, drawn out process. You'll have |
| 271 | 00:23:04 --> 00:23:07 | wonderful resources to tap into, protocols, processes, procedures, and |
| 272 | 00:23:08 --> 00:23:12 | some of them we'll cover today. Okay, but I think most of you are realized |
| 273 | 00:23:12 --> 00:23:16 | that there's a little bit more than just simply classic support, resistance or |
| 274 | 00:23:16 --> 00:23:20 | what you thought was supply and demand. There's something else, totally |
| 275 | 00:23:20 --> 00:23:24 | different, and the first and foremost factor is time. And none of those other |
| 276 | 00:23:24 --> 00:23:30 | applications or approaches to trading ever reference time. And that's why 99 |
| 277 | 00:23:30 --> 00:23:37 | 999, 9% of every aspect of retail trading is flawed because they don't |
| 278 | 00:23:37 --> 00:23:43 | have any reference to time. It's funny, because there's people out there that do |
| 279 | 00:23:43 --> 00:23:49 | mentorships. They talk like they're they're special in trading. They talk |
| 280 | 00:23:49 --> 00:23:55 | with my vernacular, my language, they use my words, but they claim they didn't |
| 281 | 00:23:55 --> 00:24:00 | learn from me, and they still ignore the fact, even though they might say, |
| 282 | 00:24:00 --> 00:24:03 | there's an algorithm, there's an algorithm. If there's an algorithm, it |
| 283 | 00:24:03 --> 00:24:08 | has to run on time. So right away, you just eliminated the frauds, right there. |
| 284 | 00:24:09 --> 00:24:11 | Okay, because they don't know what they're talking about. If anybody |
| 285 | 00:24:11 --> 00:24:15 | submits the idea that that market is driven by an algorithm, there's a lot of |
| 286 | 00:24:15 --> 00:24:18 | people that don't. There's a lot of students that are watching on YouTube |
| 287 | 00:24:18 --> 00:24:22 | that are very respectful when they leave their comments and say, this was a |
| 288 | 00:24:22 --> 00:24:25 | wonderful teaching on price action, even though I don't believe there's an |
| 289 | 00:24:25 --> 00:24:29 | algorithm controlling price this was very illuminating. What you know, I can |
| 290 | 00:24:29 --> 00:24:33 | appreciate that, and that's all to ask for. I'm not trying to convince you. I |
| 291 | 00:24:33 --> 00:24:38 | just have fun doing it where I'm ribbing people, you twisting the knife verbally, |
| 292 | 00:24:38 --> 00:24:43 | just to let them know that I find it astonishing that you can't see it. |
| 293 | 00:24:44 --> 00:24:49 | Because if I can time my trades and tell you what time they're going to form, and |
| 294 | 00:24:49 --> 00:24:54 | I can tell you what price they're going to be at, look at this week. Look what I |
| 295 | 00:24:54 --> 00:24:59 | look what I outlined just this week, and what I executed on, folks, that's |
| 296 | 00:24:59 --> 00:25:04 | perfect. It like that's perfect, and it's the logic that's been explained to |
| 297 | 00:25:04 --> 00:25:09 | you, and it's using something from the previous day that nobody else would have |
| 298 | 00:25:09 --> 00:25:14 | referred to. First presentation, fair value gap. I've mentioned that in |
| 299 | 00:25:14 --> 00:25:20 | passing, in Twitter spaces. Last year, I took these little hints in these long |
| 300 | 00:25:21 --> 00:25:28 | discussions, because it's just too good. But if you listen and you take notes and |
| 301 | 00:25:28 --> 00:25:36 | you think, why did he say that? That is a clue. That's a little bit of a little |
| 302 | 00:25:36 --> 00:25:41 | golden nugget just buried underneath the surface of that discussion, it doesn't |
| 303 | 00:25:41 --> 00:25:44 | take much digging for you to discover what it is. But if you just listen to |
| 304 | 00:25:44 --> 00:25:48 | me, and you don't go on your charts and examine what could be seen around that |
| 305 | 00:25:48 --> 00:25:53 | thing you just mentioned, all of a sudden, when you start studying it and |
| 306 | 00:25:53 --> 00:25:57 | looking at how price behaves around it, and you hear that I'm always referring |
| 307 | 00:25:57 --> 00:26:03 | to the last three days, the last three days, the last three days, because swing |
| 308 | 00:26:03 --> 00:26:12 | highs form with three candles inside of that element of time of the last three |
| 309 | 00:26:12 --> 00:26:18 | days, you're never going to miss that real sweet spot if you're trying to |
| 310 | 00:26:18 --> 00:26:22 | trade swing trades like if you don't want to be intraday trading, you want to |
| 311 | 00:26:22 --> 00:26:25 | trade trade a little bit longer term perspective. You want to trade for the |
| 312 | 00:26:25 --> 00:26:29 | full weekly range, or you want to trade for the whole month's range, or you want |
| 313 | 00:26:29 --> 00:26:34 | to trade for several weeks that may be lasting several months, maybe six to a |
| 314 | 00:26:34 --> 00:26:38 | year, six months to a year, long term position trading, I don't personally |
| 315 | 00:26:38 --> 00:26:41 | have the appetite to do that. Like, I can't sit still that long, like |
| 316 | 00:26:42 --> 00:26:49 | hyperactivity. Basically, I have to see I know that I can take what I have and |
| 317 | 00:26:49 --> 00:26:54 | run it up with velocity, with multiple transactions, instead of just taking one |
| 318 | 00:26:54 --> 00:26:57 | and holding on to it and submitting to whatever it wants to deliver on that one |
| 319 | 00:26:57 --> 00:27:01 | trade. There's nothing wrong with that. Like if you're running a 401, K for |
| 320 | 00:27:01 --> 00:27:06 | yourself, a self directed IRA, and it's advisable that you should be doing that, |
| 321 | 00:27:06 --> 00:27:12 | because you get wonderful tax treatment, and you can blow an account up big, and |
| 322 | 00:27:12 --> 00:27:16 | some of that training can be done with long term position trading. The only |
| 323 | 00:27:16 --> 00:27:21 | problem with this is, and this is why I'm really glad I've been speaking |
| 324 | 00:27:21 --> 00:27:25 | predominantly on intraday, short term trading, is because they're trying to |
| 325 | 00:27:25 --> 00:27:31 | implement these walls that are going to be unrealized taxing unrealized gains. |
| 326 | 00:27:31 --> 00:27:36 | So that means, if you're holding stocks or positions that are not yet cashed |
| 327 | 00:27:36 --> 00:27:40 | out, how are they going to justify charging a tax on something that you |
| 328 | 00:27:40 --> 00:27:45 | haven't even made the profit on. It's an unrealized profit. That's corruption. |
| 329 | 00:27:45 --> 00:27:49 | That's the highest form of corruption. And people don't stand up against that. |
| 330 | 00:27:49 --> 00:27:52 | And we have a real problem here, because that is absolutely asinine. No one |
| 331 | 00:27:52 --> 00:27:58 | should ever agree to that, Republican or Democrat. Nobody should see that. But if |
| 332 | 00:27:58 --> 00:28:01 | you're a day trading, if you're intraday trading, you're getting in, you're |
| 333 | 00:28:01 --> 00:28:07 | getting out. You had that profit. It's realized, you know, and if you have a |
| 334 | 00:28:07 --> 00:28:11 | good CPA that can help you do whatever you can get in terms of write offs and |
| 335 | 00:28:12 --> 00:28:19 | reduce the legal thresholds of your personal taxation, you should do that. |
| 336 | 00:28:19 --> 00:28:23 | But if you're doing things like fund account trading, you have a different |
| 337 | 00:28:23 --> 00:28:28 | tax treatment. You can do things differently that someone like myself, if |
| 338 | 00:28:28 --> 00:28:33 | we're trading in live accounts, that profit is treated differently versus |
| 339 | 00:28:33 --> 00:28:39 | what you make through the Prop funds get that that's not even real money. I mean, |
| 340 | 00:28:39 --> 00:28:43 | it's not real trading like that's you're getting rewarded for playing the |
| 341 | 00:28:43 --> 00:28:46 | lottery, fantasy football. That's basically what that is. So that type, |
| 342 | 00:28:46 --> 00:28:51 | that type of income, can be treated differently, and it's wrapped in kind of |
| 343 | 00:28:51 --> 00:28:55 | like the same thing as a YouTube earner, any money that you make as a YouTuber, |
| 344 | 00:28:55 --> 00:29:04 | clothing, travel, cars, all the glitz and glam that makes up what your images, |
| 345 | 00:29:04 --> 00:29:08 | you can get a lot better tax treatment there than what you do with your trading |
| 346 | 00:29:08 --> 00:29:12 | profits in a real account. So don't laugh at these people that are doing |
| 347 | 00:29:12 --> 00:29:16 | this stuff online. Okay, because they listened to me in the past where I said, |
| 348 | 00:29:16 --> 00:29:20 | if you want to get the best tax treatment and you have a personality, do |
| 349 | 00:29:20 --> 00:29:24 | this online, if you learn, if you learn how to treat all of you listening can |
| 350 | 00:29:24 --> 00:29:29 | learn how to do this well, and all of you have diverse personalities, and not |
| 351 | 00:29:29 --> 00:29:33 | all of them are going to be interesting, interesting like like mine. I I'm |
| 352 | 00:29:33 --> 00:29:37 | abrasive most times, and either you love me or you hate me, and that's exactly |
| 353 | 00:29:37 --> 00:29:41 | how I want it. I don't want in between, I want you either love me or you hate |
| 354 | 00:29:41 --> 00:29:47 | me, and either one I'm satisfied with. But you can be a middle of the road |
| 355 | 00:29:47 --> 00:29:52 | personality if you learn how to trade well and put yourself together online |
| 356 | 00:29:52 --> 00:29:56 | presence and live stream yourself executing. You're not trying to teach my |
| 357 | 00:29:56 --> 00:30:00 | stuff. You're simply just doing it, and people want to see it. They. There's so |
| 358 | 00:30:00 --> 00:30:04 | many students of mine that come to me wanting to get into private mentorship |
| 359 | 00:30:04 --> 00:30:08 | when I'm teaching for free here, and they'll say, can you at least turn me on |
| 360 | 00:30:08 --> 00:30:12 | to your students that are really good and let me follow them. Why would they |
| 361 | 00:30:12 --> 00:30:15 | want to do that? Because they want to copy their trades. So if you have a |
| 362 | 00:30:15 --> 00:30:21 | skill set in this, you have a blank check to make as much as you want to |
| 363 | 00:30:21 --> 00:30:24 | ever make, and because you're live streaming it, you ain't got to worry |
| 364 | 00:30:24 --> 00:30:28 | about anything being leaked. If you do a mentorship, it's getting leaked. If you |
| 365 | 00:30:28 --> 00:30:31 | do a signal services, they're going to get leaked. But when you do it out in |
| 366 | 00:30:31 --> 00:30:36 | public, you've made everything impossible. Why would anybody try to buy |
| 367 | 00:30:36 --> 00:30:39 | something that's already available for free? That's why I'm killing everybody |
| 368 | 00:30:39 --> 00:30:43 | right now. I'm literally murdering them. I'm burning the village, okay, and I'm |
| 369 | 00:30:43 --> 00:30:48 | having fun doing it, because you all had your fun with me. Now I'm showing you |
| 370 | 00:30:48 --> 00:30:55 | who's who don't waste that opportunity of income and that different tax |
| 371 | 00:30:55 --> 00:31:01 | treatment, if your skill set is afforded to you and your personality allows you |
| 372 | 00:31:01 --> 00:31:04 | to be out in front of the public, and you take a trade, and you trade and you |
| 373 | 00:31:04 --> 00:31:10 | call the market. I would watch you as a student. I would love nothing more to be |
| 374 | 00:31:10 --> 00:31:13 | able to see something like that. I've watched Tanya. I mean, she's she's got |
| 375 | 00:31:13 --> 00:31:19 | her own little personality, and it works for her. People try to tell her what to |
| 376 | 00:31:19 --> 00:31:23 | do, and she does the right thing. Listen, this is the way it goes here. |
| 377 | 00:31:23 --> 00:31:27 | And you don't like it, you ought to watch other people, okay? And you |
| 378 | 00:31:28 --> 00:31:32 | got folks like Patrick Whelan, awesome personality. He's like a heel in |
| 379 | 00:31:32 --> 00:31:36 | wrestling, like he's the perfect bad guy, okay? But he just sucks at trading. |
| 380 | 00:31:36 --> 00:31:40 | So if he can learn how to trade, and, man, he would be a phenomenon on |
| 381 | 00:31:40 --> 00:31:44 | YouTube, like freaking crazy. He'd had the best of the best. He'd like be the |
| 382 | 00:31:44 --> 00:31:50 | best, best Ric Flair in trading. You love to hate him, but you can't. You |
| 383 | 00:31:50 --> 00:31:53 | can't deny, once he learns how to trade well and consistently not blow his |
| 384 | 00:31:53 --> 00:31:58 | accounts, he would be a huge draw for people to watch on YouTube. And I that's |
| 385 | 00:31:58 --> 00:32:01 | the only thing I've ever been interested in. I want to see him get better at it, |
| 386 | 00:32:01 --> 00:32:06 | but a lot of you don't want to do those types of things. Maybe you don't have |
| 387 | 00:32:06 --> 00:32:09 | the skin to do it, because if someone gives you something critical, it'll hurt |
| 388 | 00:32:10 --> 00:32:16 | your feelings. You won't want to do it, or you'll clam up. And it's not for |
| 389 | 00:32:16 --> 00:32:22 | everybody. But the main thing is this, you're seeing a different level of |
| 390 | 00:32:22 --> 00:32:29 | understanding and price that is just still scratching the surface, just just |
| 391 | 00:32:29 --> 00:32:35 | scratching the surface. And every new revelation that I'm sharing is opening |
| 392 | 00:32:35 --> 00:32:41 | up a huge level of understanding about how everything else is working. Contrast |
| 393 | 00:32:41 --> 00:32:48 | that with you go into the day and you're waiting to react to something as a |
| 394 | 00:32:48 --> 00:32:53 | retail trader. You're waiting for some kind of price moving away from a V wop, |
| 395 | 00:32:53 --> 00:32:59 | or you're waiting for some kind of, I don't know, indicator to tell you it's |
| 396 | 00:32:59 --> 00:33:04 | it's doing something, or some kind of pattern that is populated on your chart |
| 397 | 00:33:04 --> 00:33:08 | as an overlay that tells you there's supposedly some harmonic pattern there, |
| 398 | 00:33:08 --> 00:33:13 | and you're trusting that stuff, but you're admitting to yourself that, hey, |
| 399 | 00:33:13 --> 00:33:22 | look, nothing's 100% if I'm wrong, it's okay. It doesn't mean that I'm gonna |
| 400 | 00:33:22 --> 00:33:27 | keep losing. It just means that I'm okay losing half the time, and to me, that |
| 401 | 00:33:27 --> 00:33:33 | makes no damn sense. But gamblers do well with that. Professional gamblers |
| 402 | 00:33:33 --> 00:33:36 | can do well in those types of situations, because they know how to bet |
| 403 | 00:33:36 --> 00:33:41 | heavy when they feel like they got it in their favor, and they'll lose a lot of |
| 404 | 00:33:41 --> 00:33:45 | hands, and they'll find themselves at the final table at the World Series of |
| 405 | 00:33:45 --> 00:33:50 | Poker. Watch those, watch those competitions, and you'll see the same |
| 406 | 00:33:50 --> 00:33:55 | faces finding themselves to the latter stages of that competition more times |
| 407 | 00:33:55 --> 00:34:00 | than anybody else. And that was always a fascinating thing for me in the 90s, |
| 408 | 00:34:00 --> 00:34:04 | like I watched that all the time, and the same people would be at the tables |
| 409 | 00:34:04 --> 00:34:10 | the last ones. That's not coincidence. They know how to play the cards, and |
| 410 | 00:34:10 --> 00:34:14 | they know how to play the people at the table, and that's exactly what market |
| 411 | 00:34:14 --> 00:34:25 | making is. That's what it is. It's bluffing. It's enticing, throwing down a |
| 412 | 00:34:25 --> 00:34:32 | hand that you know you probably could play, but throw it down and what they |
| 413 | 00:34:32 --> 00:34:36 | thought you were playing with. Oh, and you're confusing them. That's why, if |
| 414 | 00:34:36 --> 00:34:40 | you go to a casino, you sit down at a blackjack table, they bring out a brand |
| 415 | 00:34:40 --> 00:34:45 | new shoe, okay? And you start playing the table when you got a good hand. |
| 416 | 00:34:46 --> 00:34:51 | Throw it down. Lose money doing that. Throw it down. Throw it down. Throw it |
| 417 | 00:34:51 --> 00:34:56 | down. What you're actually doing is you're going to mess up the shoe, and in |
| 418 | 00:34:56 --> 00:34:59 | 15 minutes or 20 minutes, they're going to come out and change the shoe or add. |
| 419 | 00:35:00 --> 00:35:03 | Ask you to go to another table. That table's closed. Don't believe me, go |
| 420 | 00:35:03 --> 00:35:07 | fucking try it. Okay? Because the eye and a sky above you, that's who you're |
| 421 | 00:35:07 --> 00:35:12 | trading. That's who you're playing cards against. It's not the dealer. That shoe |
| 422 | 00:35:12 --> 00:35:17 | is a stack, okay? It's a stack, meaning that there's a specific order of the |
| 423 | 00:35:17 --> 00:35:23 | number of cards in a row. It's going to be this rotation. Okay? They're not |
| 424 | 00:35:23 --> 00:35:28 | randomly shuffled. They're not stacked in there where anybody has a free chance |
| 425 | 00:35:28 --> 00:35:32 | to get the random take of a card. If that's not how it works, okay, it's not, |
| 426 | 00:35:32 --> 00:35:38 | it's not how it works. When someone's winning consistently, they will come out |
| 427 | 00:35:38 --> 00:35:42 | and they'll change the shoe. The shoe is that little box. In case you didn't |
| 428 | 00:35:42 --> 00:35:47 | understand what I meant by that. On the table, there's this big box of multiple |
| 429 | 00:35:47 --> 00:35:52 | decks of cards, and they're all stacked in there in a specific order. It's |
| 430 | 00:35:52 --> 00:35:57 | stacked in a way where anybody that understands the game of poker, it will |
| 431 | 00:35:57 --> 00:36:02 | lead them to take a specific card and say, Okay, I'm going to try to play |
| 432 | 00:36:02 --> 00:36:07 | this. I'll discard that. It's not perfect. It's not perfect, but it at |
| 433 | 00:36:07 --> 00:36:14 | least primes them to play the cards that they're given. But if you start making |
| 434 | 00:36:14 --> 00:36:17 | consistent wins at that table, they're going to come out and change the shoe, |
| 435 | 00:36:17 --> 00:36:21 | not because they ran out of cards. They want to disrupt you, because you have |
| 436 | 00:36:21 --> 00:36:26 | now counted the deck. You have that shoe understood, you know exactly what's |
| 437 | 00:36:26 --> 00:36:30 | coming out. That's why count card counters are not allowed to play in |
| 438 | 00:36:30 --> 00:36:34 | casinos. Let me tell you something. I don't care. I don't care. This is, this |
| 439 | 00:36:34 --> 00:36:38 | is my perspective, and you can have a different opinion. But if someone comes |
| 440 | 00:36:38 --> 00:36:42 | in, even with partners, and they're counting cards together, and they have |
| 441 | 00:36:42 --> 00:36:46 | electronic devices telling the other person at the table, hey, look, this is |
| 442 | 00:36:46 --> 00:36:50 | good. This is not good. How the fuck is that cheating? That's not cheating. They |
| 443 | 00:36:50 --> 00:36:54 | don't know what those cards are. They don't know what they are. They're just |
| 444 | 00:36:54 --> 00:36:58 | counting. They have a card counting system. They don't know what card |
| 445 | 00:36:58 --> 00:37:02 | they're going to get. They're just playing the odds of what's what's still |
| 446 | 00:37:02 --> 00:37:06 | available in that deck, how many face cards are still there, how many aces are |
| 447 | 00:37:06 --> 00:37:12 | still there? And when the deck or the shoe goes cold, they got to get away |
| 448 | 00:37:12 --> 00:37:16 | from that table, but they'll cut your arms off. In casinos, you start taking |
| 449 | 00:37:16 --> 00:37:19 | big money from them like that. You won't leave with that money. You won't be |
| 450 | 00:37:19 --> 00:37:23 | allowed to cash those chips in and they're going to try to prosecute you. |
| 451 | 00:37:25 --> 00:37:30 | Imagine that. And here they are, cheating the entire time, cheating, the |
| 452 | 00:37:30 --> 00:37:34 | absolute entire time, guaranteeing that you have all the odds against you, but |
| 453 | 00:37:34 --> 00:37:37 | when you start winning, oh no, you're a cheat. We can't have you here. You got |
| 454 | 00:37:37 --> 00:37:47 | to go the market doesn't like card counters either, and when you know they |
| 455 | 00:37:47 --> 00:37:52 | make it a little bit harder for you. I'll just say it that way. Okay, so what |
| 456 | 00:37:52 --> 00:38:00 | you want to do is learn what it does, how it books price, and then casually |
| 457 | 00:38:02 --> 00:38:07 | grow over a period of time. Don't flash in the pan. Go out there and try to run |
| 458 | 00:38:07 --> 00:38:11 | it up real quick, because all you're going to do is put a spotlight on you, |
| 459 | 00:38:11 --> 00:38:14 | and that will start being a problem for your traits. They'll slip you, they'll |
| 460 | 00:38:14 --> 00:38:22 | re quote you other things that I'm not going to talk about here, but same |
| 461 | 00:38:22 --> 00:38:26 | treatment as a card counter. Let's put it that way and put this in a different |
| 462 | 00:38:26 --> 00:38:32 | approach. So if we can agree, just for the sake of this discussion, just if you |
| 463 | 00:38:32 --> 00:38:36 | don't believe there's an algorithm, this for the purpose of me explaining |
| 464 | 00:38:36 --> 00:38:40 | something to you, just pretend for a moment that you do believe it is okay, |
| 465 | 00:38:40 --> 00:38:44 | and then at the end of the conversation, then you can move back to whatever you |
| 466 | 00:38:44 --> 00:38:49 | want to believe afterwards. But if there is an algorithm, and it controls price, |
| 467 | 00:38:49 --> 00:38:57 | and it only affords the market to go so high or so low for that given day, that |
| 468 | 00:38:57 --> 00:39:03 | means from the time it starts trading to the time it settles for that session, |
| 469 | 00:39:05 --> 00:39:13 | all of that price fluctuation, everybody in the the retail perspective, or I want |
| 470 | 00:39:13 --> 00:39:18 | to see it as random price delivery. And there might be a pattern there that may |
| 471 | 00:39:18 --> 00:39:23 | justify them taking action on it so they have a religious belief in some kind of |
| 472 | 00:39:23 --> 00:39:29 | pattern for the sake of the pattern they're going to buy or sell. And I'm |
| 473 | 00:39:29 --> 00:39:32 | trying to offer you a different perspective, where you should be |
| 474 | 00:39:32 --> 00:39:39 | thinking, Okay, what is the prevailing market sentiment right now about that |
| 475 | 00:39:39 --> 00:39:42 | given market is it likely to continue higher or lower for the next several |
| 476 | 00:39:42 --> 00:39:47 | days, for the up to the whole duration of the new week coming? Okay? Case right |
| 477 | 00:39:47 --> 00:39:53 | now, while we're talking, it is 40, yeah, 40 minutes after 10am Eastern |
| 478 | 00:39:53 --> 00:39:58 | Time. So we have several hours before we get to the the new week opening at six |
| 479 | 00:39:58 --> 00:40:03 | o'clock Eastern time. So. Markets are flat. They're not trading right now, and |
| 480 | 00:40:03 --> 00:40:08 | you should be thinking about what that monthly, that weekly chart is doing. |
| 481 | 00:40:10 --> 00:40:18 | Would would benefiting? Well, I'm sorry, would seeing the price dropping lower to |
| 482 | 00:40:18 --> 00:40:26 | an old low or a a gap of some sort. Would it be beneficial for smart money |
| 483 | 00:40:26 --> 00:40:31 | if they were short? Would it be beneficial based on what that monthly |
| 484 | 00:40:31 --> 00:40:37 | weekly chart shows right now? Would it be beneficial if the market was likely |
| 485 | 00:40:37 --> 00:40:43 | to go higher, if Smart Money was long to go to an old high or go to an |
| 486 | 00:40:43 --> 00:40:48 | inefficiency above where we settled at on Friday? That's your first question |
| 487 | 00:40:48 --> 00:40:52 | every single Saturday or Sunday. Or if you do your analysis in Friday evening |
| 488 | 00:40:52 --> 00:40:58 | or whatever, but before Sunday's opening, you need to do some reflecting |
| 489 | 00:40:58 --> 00:41:03 | on the monthly and the weekly chart, because it should give you a long term, |
| 490 | 00:41:03 --> 00:41:08 | slow expectation where price is likely to go. |
| 491 | 00:41:10 --> 00:41:14 | And if it's not obvious, then drop down to the next lower time frame, which is |
| 492 | 00:41:14 --> 00:41:18 | going to be the daily if you can't ascertain where the market's likely to |
| 493 | 00:41:18 --> 00:41:21 | draw to on the daily chart, then you absolutely have no business dropping |
| 494 | 00:41:21 --> 00:41:26 | down into the lower time frames, because you will be gambling. You will |
| 495 | 00:41:26 --> 00:41:31 | absolutely be gambling, because you won't know trading on these smaller time |
| 496 | 00:41:31 --> 00:41:37 | frames when that next trade you're taking is actually a higher Time Frame |
| 497 | 00:41:37 --> 00:41:41 | entry, that's going to be the biggest displacement. And if you're trading |
| 498 | 00:41:41 --> 00:41:45 | without a stop loss, which I see a lot of that, just look at the screenshots |
| 499 | 00:41:45 --> 00:41:50 | everybody's tossing around between each other, on Twitter, on Facebook, on |
| 500 | 00:41:50 --> 00:41:56 | Instagram, that they don't even put a stop loss on even safe face, because |
| 501 | 00:41:56 --> 00:41:58 | they know if they put a stop loss on there, even though they don't have one, |
| 502 | 00:41:58 --> 00:42:02 | while their trade is panning out in their demo account. They don't want to |
| 503 | 00:42:02 --> 00:42:07 | put that stop loss on, because everybody will know with a record that that's |
| 504 | 00:42:07 --> 00:42:10 | where their stop loss was. And when the market eventually goes down to that |
| 505 | 00:42:10 --> 00:42:13 | level, they would be technically stopped out, because they don't want to get |
| 506 | 00:42:13 --> 00:42:16 | stopped out. They want to hold on to something. If it keeps moving, they can |
| 507 | 00:42:16 --> 00:42:20 | come back and say, See how smart I was. So that's why, when I look at people and |
| 508 | 00:42:20 --> 00:42:24 | they share charts and they say, I've got the same trade as you. ICT, first |
| 509 | 00:42:24 --> 00:42:28 | question is, is I want to see the execution? I want to see the price, not |
| 510 | 00:42:28 --> 00:42:32 | the line, because the line could be three days ago, and it just so happens |
| 511 | 00:42:32 --> 00:42:36 | to look like it moved away from that, that price level. So I call my own |
| 512 | 00:42:36 --> 00:42:41 | students out with that bullshit. When I see people share a trade and they're a |
| 513 | 00:42:41 --> 00:42:46 | student of mine, and they show their entry, and they show their they're |
| 514 | 00:42:46 --> 00:42:50 | getting ready to get their limit order tagged, but there's no stop loss. I'm |
| 515 | 00:42:50 --> 00:42:53 | not congratulating them on their good entry. I'm not congratulating them on |
| 516 | 00:42:53 --> 00:42:57 | the right draw on liquidity as an exit. I'm criticizing them by saying, where's |
| 517 | 00:42:57 --> 00:43:01 | your stop? Use a stop that's mentoring, that's a mentor, that's a mentor, that's |
| 518 | 00:43:01 --> 00:43:05 | someone that's trying to teach responsibility. I'm going to find your |
| 519 | 00:43:05 --> 00:43:10 | weakness because you're ignoring it, and you need to work there and in the |
| 520 | 00:43:10 --> 00:43:17 | marketplace. It capitalizes on everyone's weakness. What are two most |
| 521 | 00:43:17 --> 00:43:25 | critical ones, greed and fear. All it has to do is operate on those two |
| 522 | 00:43:26 --> 00:43:30 | pretenses. It's going to either scare the shit out of you or it's going to |
| 523 | 00:43:30 --> 00:43:33 | entice you that you're going to make a lot of money. Either one of them is |
| 524 | 00:43:33 --> 00:43:39 | going to cause action. It's going to cause a reaction, a response, a cause |
| 525 | 00:43:39 --> 00:43:48 | and effect. You as a human being, you don't always know how you're going to |
| 526 | 00:43:48 --> 00:43:53 | react to something, and especially in trading, because most people don't do a |
| 527 | 00:43:53 --> 00:43:56 | lot of documentation stage of the development the beginning that means |
| 528 | 00:43:56 --> 00:44:01 | journaling, tape reading, identifying in laboratory experiments, with watching |
| 529 | 00:44:01 --> 00:44:05 | price action, recording what your emotions are, even though there's no |
| 530 | 00:44:05 --> 00:44:11 | money on the line, even though you haven't impressed the demo entry, you |
| 531 | 00:44:11 --> 00:44:15 | are emotionally committed to the outcome of whatever opinion you form based on |
| 532 | 00:44:15 --> 00:44:20 | that chart at that time. Don't believe me. Think about this. You've you've |
| 533 | 00:44:20 --> 00:44:26 | opened up your dollar, you opened up Japanese yen. You looked at Coffee |
| 534 | 00:44:26 --> 00:44:29 | futures, if you're commodity trader, you're looking at Bitcoin if you're a |
| 535 | 00:44:29 --> 00:44:36 | crypto Crazy guy. And now for futures, you're watching nq, Dow, NASDAQ. And you |
| 536 | 00:44:36 --> 00:44:39 | look the chart right away, you're like, Oh, he's gonna go here. And it doesn't |
| 537 | 00:44:39 --> 00:44:42 | go, oh, I wasn't it doesn't matter because I wasn't in the trade. You |
| 538 | 00:44:42 --> 00:44:46 | quickly dismiss it. You quickly push it away, like on that matter, no one saw me |
| 539 | 00:44:46 --> 00:44:51 | say that. No one heard me think that I didn't press a demo entry. I don't have |
| 540 | 00:44:51 --> 00:44:54 | to reset a demo account. I didn't take a loss in my funded account. Challenge. I |
| 541 | 00:44:54 --> 00:44:58 | didn't take a loss in my funded account. I didn't lose money in my real account. |
| 542 | 00:44:59 --> 00:45:05 | You're making. Excuses to push it aside. That's the worst thing you could do. You |
| 543 | 00:45:05 --> 00:45:08 | need to explore why you felt that impulse to think, oh, it's going to go |
| 544 | 00:45:08 --> 00:45:13 | up or it's going to go down. To this when you dismiss those instances where |
| 545 | 00:45:13 --> 00:45:22 | you have impulsively committed to some outcome and it doesn't work. The first |
| 546 | 00:45:22 --> 00:45:26 | thing you want to do is push it away like it didn't happen wrong. Because |
| 547 | 00:45:27 --> 00:45:30 | when you start trading with real money, or in a manner where it's going to take |
| 548 | 00:45:30 --> 00:45:35 | from you money or prevent you from reaching your funded account, because |
| 549 | 00:45:35 --> 00:45:42 | you're paying for those accounts, and if you get wrapped up in this loop of |
| 550 | 00:45:42 --> 00:45:46 | ignoring your faults. You keep doing the same thing over and over again, failing |
| 551 | 00:45:46 --> 00:45:49 | and blowing the account and blowing the account and blowing the account and |
| 552 | 00:45:49 --> 00:45:54 | never fixing the underlying issue. And the only thing that increases in fervent |
| 553 | 00:45:54 --> 00:46:01 | peach pace is your pursuit to quickly reset the account or pay for a new |
| 554 | 00:46:01 --> 00:46:07 | challenge, and that just proves that you're out of control. You're not in |
| 555 | 00:46:07 --> 00:46:14 | control. You're emotionally stimulated beyond all comprehension. You're You're |
| 556 | 00:46:14 --> 00:46:18 | hopped up on goofballs. You don't even recognize the fact that you're you're |
| 557 | 00:46:18 --> 00:46:23 | doing everything wrong because now you you're now more passionate about doing |
| 558 | 00:46:23 --> 00:46:28 | it faster and quicker and and that way it'll cancel out that discomfort that |
| 559 | 00:46:28 --> 00:46:32 | you keep blowing the accounts. And you, you look at these people that are honest |
| 560 | 00:46:32 --> 00:46:37 | online, and they're saying they've reset their account 100 plus times. I don't |
| 561 | 00:46:37 --> 00:46:40 | know how much that stuff costs. I've never done it, but that sounds like it's |
| 562 | 00:46:40 --> 00:46:46 | pretty expensive over time. And are you willing to reset 100 times and never |
| 563 | 00:46:46 --> 00:46:51 | make money? Because that's the that's the equivalent of someone that goes to a |
| 564 | 00:46:51 --> 00:46:55 | casino and sits there knowing damn well that they have taken every bit out of |
| 565 | 00:46:55 --> 00:46:58 | their bank account. They only went there with a certain dollar amount. This is |
| 566 | 00:46:58 --> 00:47:04 | all I'm going to spend. But because they can't get out of that loop, that |
| 567 | 00:47:04 --> 00:47:09 | Gambler's loop, where they don't recognize the tells that they have in |
| 568 | 00:47:09 --> 00:47:15 | themselves, that the self destructive impulses that you know, if you've been |
| 569 | 00:47:15 --> 00:47:18 | paying attention, you're about to start feeling that if you don't recognize |
| 570 | 00:47:18 --> 00:47:23 | those things, the market is going to capitalize on that, and it makes it feel |
| 571 | 00:47:23 --> 00:47:29 | like it came after you specifically, because you've ignored all the warning |
| 572 | 00:47:29 --> 00:47:35 | signs that you as a human being, keep materializing and manifesting in your |
| 573 | 00:47:35 --> 00:47:39 | behavior and your thought process, and then your executions or lack of |
| 574 | 00:47:39 --> 00:47:44 | executions, or lack of using a stop loss. That's why, in the beginning, I |
| 575 | 00:47:44 --> 00:47:49 | tell people it's going to be six months before you should ever be pressing the |
| 576 | 00:47:49 --> 00:47:53 | button with money behind it, because not all of you have the same measure of |
| 577 | 00:47:54 --> 00:47:58 | character flaws. Some people have a lot of them, and it may require longer than |
| 578 | 00:47:58 --> 00:48:03 | six months. It depends on how troubled you are, but if you're a very detail |
| 579 | 00:48:03 --> 00:48:08 | oriented person, you're honest about everything, and you're honest about |
| 580 | 00:48:08 --> 00:48:11 | yourself, and you're not trying to be something that you're not. You're not |
| 581 | 00:48:11 --> 00:48:14 | pretending to be someone that's more equipped than you really are. You're |
| 582 | 00:48:15 --> 00:48:19 | probably not going to require six months of figuring out what your problems are, |
| 583 | 00:48:19 --> 00:48:23 | but you have to identify what they are, because otherwise you won't realize that |
| 584 | 00:48:23 --> 00:48:26 | that is your downfall. And what I'm going to teach today, it's going to be |
| 585 | 00:48:26 --> 00:48:30 | the reasons why that takes place. You haven't identified how you're falling |
| 586 | 00:48:30 --> 00:48:36 | victim to yourself. Okay, the market's not beating you. You beat yourself. The |
| 587 | 00:48:38 --> 00:48:44 | market didn't blow your account. You blew it 90% of the time. You knew before |
| 588 | 00:48:44 --> 00:48:47 | you took that last trade that blew your account. You shouldn't have done it, and |
| 589 | 00:48:47 --> 00:48:51 | you shouldn't be doing it, but you didn't. You didn't stop because you're |
| 590 | 00:48:51 --> 00:48:55 | you're caught up in that Gambler's loop. You're numb to it. Oh, well, if I blow |
| 591 | 00:48:55 --> 00:48:59 | it, I'll just reset it, and then I'll feel fresh with a brand new start. But |
| 592 | 00:48:59 --> 00:49:02 | it doesn't feel that way, does it? Because now you're scared the next trade |
| 593 | 00:49:02 --> 00:49:06 | you take on your new one, I don't want to have a losing trade, because that |
| 594 | 00:49:06 --> 00:49:09 | means it's going to freak me out. I'm going to jinx it, and then I'm going to |
| 595 | 00:49:09 --> 00:49:12 | go right back in the same thing. But you lie to yourself in that last trade |
| 596 | 00:49:12 --> 00:49:16 | before your tank gets blown. If I blow it, I'll just reset it, and I'll be |
| 597 | 00:49:16 --> 00:49:19 | fine. But you're not fine. You're building thicker and thicker scar |
| 598 | 00:49:19 --> 00:49:24 | tissue, and it's hard to trade in that. And if you're trying to be an online |
| 599 | 00:49:24 --> 00:49:29 | personification of a successful trader, but you're not proving that, because you |
| 600 | 00:49:29 --> 00:49:36 | haven't reset your accounts, that is even worse of scar tissue. So it's |
| 601 | 00:49:36 --> 00:49:40 | unfortunate because, you know, I teach these things and I prove it, and my |
| 602 | 00:49:40 --> 00:49:44 | students that do, well, listen to it. They they stand out. But I do have |
| 603 | 00:49:44 --> 00:49:47 | students that can trade, but they don't how. They don't know how to wrestle |
| 604 | 00:49:47 --> 00:49:51 | themselves. They haven't done the documentation stage of their own |
| 605 | 00:49:51 --> 00:49:54 | development in the beginning, they didn't do the things I'm teaching in |
| 606 | 00:49:54 --> 00:49:58 | this mentorship. 2024 they have not spent any time doing that. So that's why |
| 607 | 00:49:58 --> 00:50:02 | they have hit and miss. Results. That's why they'll they can make money, they |
| 608 | 00:50:02 --> 00:50:05 | can get a payout or two, and then blow it, and they go into a tailspin for |
| 609 | 00:50:05 --> 00:50:08 | months, and then they might make a little bit of money again down the road, |
| 610 | 00:50:08 --> 00:50:15 | but they may blow it again. What's what's broken? Then they are the |
| 611 | 00:50:15 --> 00:50:20 | underlying issue. You are always going to be the underlying issue. It's not the |
| 612 | 00:50:20 --> 00:50:26 | method. It's not the market doing it to you. It's you. So with that foundation, |
| 613 | 00:50:26 --> 00:50:33 | I want you to think about how 99% of retail traders have no concern for |
| 614 | 00:50:34 --> 00:50:39 | trying to make themselves prepared for the ebb and flow of profitability, |
| 615 | 00:50:39 --> 00:50:42 | losing, profitability, losing in the beginning, they just want it to be a |
| 616 | 00:50:42 --> 00:50:46 | lottery win, and it's off to the races for the rest of life. Thing. Just keep |
| 617 | 00:50:46 --> 00:50:52 | making more money. The way the market capitalizes on that weak mindset is |
| 618 | 00:50:52 --> 00:50:56 | because they're ill equipped. The first thing that the market does every single |
| 619 | 00:50:56 --> 00:51:01 | day is it hides the narrative. What is a narrative? What the market's actually |
| 620 | 00:51:01 --> 00:51:05 | going to do for the day that makes the that makes the daily candle. That's the |
| 621 | 00:51:05 --> 00:51:07 | real candlestick. Range theory, |
| 622 | 00:51:09 --> 00:51:14 | not that bullshit you see fucking panted around on Twitter right now, nonsense. |
| 623 | 00:51:15 --> 00:51:21 | The narrative on how that daily range is going to form. It starts with, are we |
| 624 | 00:51:21 --> 00:51:25 | going to have an up close or a down close on the day? You're not trying to |
| 625 | 00:51:25 --> 00:51:29 | predict the closing price. You're just looking at the monthly, the weekly and |
| 626 | 00:51:29 --> 00:51:35 | the daily to determine what is the probabilities for the market to go lower |
| 627 | 00:51:35 --> 00:51:41 | and close lower or go higher and close higher? What would be, what would be |
| 628 | 00:51:41 --> 00:51:45 | things that would help with that? Well, if the monthly and weekly chart are |
| 629 | 00:51:45 --> 00:51:49 | reaching for an old high, and they're in close proximity to relative to that time |
| 630 | 00:51:49 --> 00:51:54 | frame, it still might be hundreds or 1000 handles away, still, but you can |
| 631 | 00:51:54 --> 00:52:00 | see clearly that it's it's drawing to that higher Time Frame, area of either |
| 632 | 00:52:00 --> 00:52:04 | inefficiency or an old high or low level, something to that effect. And |
| 633 | 00:52:04 --> 00:52:08 | then in a daily chart, you start seeing each individual daily candlestick still |
| 634 | 00:52:08 --> 00:52:12 | moving in that direction, even though they may have one or two days that are |
| 635 | 00:52:12 --> 00:52:16 | opposing that. If we're bullish, you might see one or two down days in the |
| 636 | 00:52:16 --> 00:52:22 | week, but majority of the days of the week, majority of each individual daily |
| 637 | 00:52:22 --> 00:52:26 | candle is using an update that means it's, it's confirming that it's it's |
| 638 | 00:52:26 --> 00:52:34 | gravitating towards that weekly or monthly draw. And by hiding the |
| 639 | 00:52:34 --> 00:52:40 | narrative, I mean that they're going to call some kind of initial excitement. |
| 640 | 00:52:40 --> 00:52:44 | That's the Judah swing in the morning. Okay? And what they'll do is they'll use |
| 641 | 00:52:44 --> 00:52:50 | the 830 news time, even if there is no economic calendar release, 830 still |
| 642 | 00:52:50 --> 00:52:55 | creating some kind of a Judas swing. Now think about that we would expect, oh, |
| 643 | 00:52:55 --> 00:52:58 | the news is going to push the market around. That's they'll say the news |
| 644 | 00:52:58 --> 00:53:04 | pushes price up and down. No, it doesn't the buyers and the sellers at the time |
| 645 | 00:53:04 --> 00:53:08 | of the news, when nobody could even get trades in. But yet, it's buying selling |
| 646 | 00:53:08 --> 00:53:14 | pressure. You see how fast this falls apart, but because they say it to you so |
| 647 | 00:53:14 --> 00:53:17 | many times, and it's in every book, and everybody just regurgitates it and says |
| 648 | 00:53:17 --> 00:53:22 | the same thing over and over again. Hitler. Hitler proved it. You tell a lie |
| 649 | 00:53:22 --> 00:53:25 | big enough and loud enough and long enough, eventually everybody will |
| 650 | 00:53:25 --> 00:53:28 | believe it. But when I'm standing here telling you, this is what it really is |
| 651 | 00:53:28 --> 00:53:33 | doing, and then what I'm telling you, it's going to do, it does it? Not that |
| 652 | 00:53:33 --> 00:53:37 | I'm trying to prove that you need to be right, or that I'm trying to prove that |
| 653 | 00:53:37 --> 00:53:43 | I'm right. I'm just saying the logic is right. That's that's the point here. |
| 654 | 00:53:43 --> 00:53:48 | Okay, so it cuts through all the bullshit that retail stuff leans on and |
| 655 | 00:53:48 --> 00:53:52 | has a religion around, no matter what school of thought you have, the market, |
| 656 | 00:53:52 --> 00:53:58 | okay, if we can personify the market like some people like to believe it is. |
| 657 | 00:53:58 --> 00:54:04 | It's the buying and selling pressure. Okay, okay, well, how is it that the |
| 658 | 00:54:04 --> 00:54:08 | market collectively decides that it's going to run against the traders that |
| 659 | 00:54:08 --> 00:54:13 | use harmonic patterns that day, and maybe not like health traders or the |
| 660 | 00:54:13 --> 00:54:19 | supply and demand guys that have been using the demand zones if that's what |
| 661 | 00:54:19 --> 00:54:23 | they're going to use to get into trades. Why is it that they get they get |
| 662 | 00:54:23 --> 00:54:26 | targeted that day, and not the Elliot wave traders, because they're never all |
| 663 | 00:54:26 --> 00:54:30 | in agreement. And when you take a step back and you think about all this stuff |
| 664 | 00:54:30 --> 00:54:35 | like that, it's like, there must be something else going on. Because is it |
| 665 | 00:54:35 --> 00:54:38 | like, Okay, this week we're gonna let Elliot wave traders do well, because you |
| 666 | 00:54:38 --> 00:54:41 | gotta keep the book sales and core sales and mentors to teach that bullshit. We |
| 667 | 00:54:41 --> 00:54:47 | gotta keep on making money. And then we had to let the Dow Theory and Gan and |
| 668 | 00:54:47 --> 00:54:52 | her cycles do well in the coming weeks too. And then we gotta come back to |
| 669 | 00:54:52 --> 00:54:55 | point and figure, because, you know, there's a lot of old heads still trading |
| 670 | 00:54:55 --> 00:55:03 | with that colors, so half. You kill them all and not have to do very much and |
| 671 | 00:55:03 --> 00:55:12 | make it simple. Run old highs trade to inefficiencies. It's simple. You kill |
| 672 | 00:55:12 --> 00:55:19 | everybody. The algorithm doesn't need to know, like off theory, the algorithm |
| 673 | 00:55:19 --> 00:55:22 | doesn't need to know what harmonic patterns are in play right now? What |
| 674 | 00:55:22 --> 00:55:27 | garlic patterns there? What bat patterns there? I know all about all that shit, |
| 675 | 00:55:27 --> 00:55:32 | the butterflies, all that stuff. Okay, the only butterflies I see in trading is |
| 676 | 00:55:32 --> 00:55:35 | my students, when they're doing it, right? They get butterflies. Okay. |
| 677 | 00:55:35 --> 00:55:38 | There's no fucking butterflies in patterns in the charts. That's That's |
| 678 | 00:55:38 --> 00:55:44 | nonsense. It's garbage. Okay? Again, is another religion. It's a fairy tale. The |
| 679 | 00:55:44 --> 00:55:53 | truth is, the market only goes up to tap into pending buy side liquidity, or it |
| 680 | 00:55:53 --> 00:55:59 | goes up to rebalance and or redeliver to an inefficiency. That's all it goes up |
| 681 | 00:55:59 --> 00:56:05 | for. That's the only reasons why it goes up. The market goes down to trade into |
| 682 | 00:56:05 --> 00:56:08 | sell side liquidity below and low or relative equal lows because there's |
| 683 | 00:56:08 --> 00:56:14 | pending orders down there, or it goes down to a inefficiency. That means, like |
| 684 | 00:56:14 --> 00:56:19 | a fair value gap below market price to reprice to or rebalance that |
| 685 | 00:56:19 --> 00:56:26 | inefficiency. That's the only reason why the markets go down. I'm telling you to |
| 686 | 00:56:26 --> 00:56:31 | just go into the market with that mindset and forget everything else, and |
| 687 | 00:56:31 --> 00:56:35 | suddenly the charts will start talking to you. It'll be clear what it's doing, |
| 688 | 00:56:35 --> 00:56:39 | where it's reaching for it, where it's not going to go. Then when you |
| 689 | 00:56:39 --> 00:56:43 | understand the elements of time that I'm teaching you, you can time when it does |
| 690 | 00:56:43 --> 00:56:51 | these things. Wyckoff doesn't ever teach time. Elliot weed does not teach the |
| 691 | 00:56:51 --> 00:56:58 | times I'm teaching these macros there, it's not there. Folks supplying a man |
| 692 | 00:56:58 --> 00:57:05 | never mentioned it. Larry Williams never mentioned macro times, and he was my |
| 693 | 00:57:05 --> 00:57:10 | first mentor by everything he has in writing, by every single one of them, |
| 694 | 00:57:10 --> 00:57:17 | okay? And I promise you, you'll never see that stuff there. He thought he |
| 695 | 00:57:17 --> 00:57:23 | wasn't the inspiration for the macros. That's not where that came from. That's |
| 696 | 00:57:23 --> 00:57:32 | not where that came from. What's another one? George Angel, no mention of a |
| 697 | 00:57:32 --> 00:57:39 | macro. His spy glass is LSS system for day trading, the s, p makes new mention |
| 698 | 00:57:39 --> 00:57:51 | of it. Zero. Nope. So if we understand that the market makers are, they are the |
| 699 | 00:57:51 --> 00:57:57 | handlers, the owners of the algorithm, the price engine, the engine itself that |
| 700 | 00:57:57 --> 00:58:01 | delivers price. And I'll explain a little bit more detail what that means |
| 701 | 00:58:01 --> 00:58:04 | by a price engine and how it delivers price. You're gonna you're gonna learn a |
| 702 | 00:58:04 --> 00:58:15 | lot today, okay, but the algorithm is owned and handled by the market maker. |
| 703 | 00:58:16 --> 00:58:20 | It's not a it's not a single person, it's a entity, and you're not going to |
| 704 | 00:58:20 --> 00:58:24 | meet them. I'm not going to be able to point to this is where they live. This |
| 705 | 00:58:24 --> 00:58:35 | is where they're at but it's an entity, okay? It's a collection of people that |
| 706 | 00:58:35 --> 00:58:46 | they run it, but you Casino. Okay? So we as speculators, as traders, we go in and |
| 707 | 00:58:46 --> 00:58:52 | we buy and we sell at the price that is offered and controlled by said |
| 708 | 00:58:52 --> 00:58:58 | algorithm. That algorithm has a predetermined script. This is how high |
| 709 | 00:58:58 --> 00:59:01 | it's going to go for the day, and this is how low it's going to go for today. |
| 710 | 00:59:01 --> 00:59:10 | And I've proved this in forex, and I've proved it now and futures, you don't |
| 711 | 00:59:10 --> 00:59:15 | need the trade short the high of day. You don't need to go long below the day, |
| 712 | 00:59:16 --> 00:59:21 | but you need to have an understanding of how and where those levels might form, |
| 713 | 00:59:22 --> 00:59:27 | and you only need to know one of those parameters in the beginning. So that |
| 714 | 00:59:27 --> 00:59:31 | means, if you're bullish, what, what level do you need to worry about most? |
| 715 | 00:59:31 --> 00:59:35 | Not worrying is a good word to use here. But what you what you should be consumed |
| 716 | 00:59:35 --> 00:59:38 | with in terms of pursuing the deeper understanding what price is going to do |
| 717 | 00:59:39 --> 00:59:42 | if you're bullish, if you think that monthly chart and that weekly chart is |
| 718 | 00:59:42 --> 00:59:46 | going to keep going up, and your daily charts just had a down close candle |
| 719 | 00:59:46 --> 00:59:50 | yesterday and hasn't changed anything structurally to indicate that it's going |
| 720 | 00:59:50 --> 00:59:53 | to keep going lower, it just went down into a discount array, into a daily fair |
| 721 | 00:59:53 --> 00:59:59 | value gap, into a daily order block that's bullish and it's reasonable TANF |
| 722 | 00:59:59 --> 01:00:04 | that's. The very next day, what the market's going to open trade down |
| 723 | 01:00:04 --> 01:00:09 | initially, that's due to swing. And in that drop, I'm going to be buying that |
| 724 | 01:00:11 --> 01:00:16 | if I miss it, if I miss the actual entry, because I get to my charts late, |
| 725 | 01:00:17 --> 01:00:22 | something keeps me from seeing if the chart I'm talking to somebody, I just |
| 726 | 01:00:23 --> 01:00:28 | don't see it because I'm human. I miss it. I'm on the phone, anything I could |
| 727 | 01:00:28 --> 01:00:34 | be at the bathroom. There's a number of things that's going to prevent you being |
| 728 | 01:00:34 --> 01:00:39 | in every instance of a trade where you can expect it for me, because I've had a |
| 729 | 01:00:39 --> 01:00:43 | lot of those instances as a younger man, that's why I work so hard at creating |
| 730 | 01:00:43 --> 01:00:46 | new buying and selling opportunities to get into a trade that's already |
| 731 | 01:00:46 --> 01:00:52 | underway. So that's why I got 81 ways to do it. So if you're bullish, you're |
| 732 | 01:00:52 --> 01:00:56 | expecting that initial manipulation. So you're only focusing on worrying about |
| 733 | 01:00:56 --> 01:01:00 | where the low is going to form. If your attention, if you're bullish, you're |
| 734 | 01:01:00 --> 01:01:04 | only worried about how the daily low might form and where it might form at |
| 735 | 01:01:04 --> 01:01:04 | you're not |
| 736 | 01:01:07 --> 01:01:11 | trying to predict the closing price, because chances are, your closing price |
| 737 | 01:01:11 --> 01:01:14 | might be lower than it actually is, and it could just keep going higher and |
| 738 | 01:01:14 --> 01:01:20 | higher and higher. So you go into understanding of the daily candlestick |
| 739 | 01:01:20 --> 01:01:23 | forming by understanding what the monthly and the weekly and the daily |
| 740 | 01:01:23 --> 01:01:28 | charts are indicating. If you had a down close day yesterday, chances are, if |
| 741 | 01:01:28 --> 01:01:31 | you're everything's still bullish, you're probably going to have up close |
| 742 | 01:01:31 --> 01:01:40 | day today. That means at 930 using the NQ ES and Val futures as a medium to |
| 743 | 01:01:40 --> 01:01:46 | talk about this at 930 what I'd like to see in that situation is an initial, |
| 744 | 01:01:46 --> 01:01:53 | small, little rally higher to get people in buying long, and then they drop it |
| 745 | 01:01:53 --> 01:01:58 | down into a discount, some overnight low relative equal lows, some overnight buy |
| 746 | 01:01:58 --> 01:02:06 | side, I'm sorry, sell side liquidity pool, or maybe a fair value gap that's |
| 747 | 01:02:06 --> 01:02:13 | formed between, I don't know, two o'clock in the morning to 930 and if it |
| 748 | 01:02:13 --> 01:02:18 | also overlaps with a new day opening gap, new week opening gap, or a first |
| 749 | 01:02:18 --> 01:02:22 | presented fair value gap from the previous day, chances are that's going |
| 750 | 01:02:22 --> 01:02:28 | to be the love day. But the key is, is, if I'm bullish, I want to see two things |
| 751 | 01:02:28 --> 01:02:34 | happen. I want to see a small, little, minor rally. First, that trips in by |
| 752 | 01:02:34 --> 01:02:38 | side, breakout artists, they're buying on a stop, and then they're going to |
| 753 | 01:02:38 --> 01:02:41 | look for the most recent swing low. That's where their stop loss is. Well, |
| 754 | 01:02:41 --> 01:02:46 | that's where it's going to deduce To and Through. So it's going to jump a little |
| 755 | 01:02:46 --> 01:02:50 | bit, look like it's going to go higher. The public will chase that, even if they |
| 756 | 01:02:50 --> 01:02:54 | don't have an order that's going to buy at a breakout when I'm one or five in |
| 757 | 01:02:54 --> 01:03:00 | the chart. And then it drops and stops them out. And it stops at anyone |
| 758 | 01:03:00 --> 01:03:06 | overnight that may have a long position on that's the perfect scenario for a Jew |
| 759 | 01:03:06 --> 01:03:10 | to swing on a classic by day. Is that complicated? If you're brand new, this |
| 760 | 01:03:10 --> 01:03:13 | is the first time you're listening to me. It probably does sound complicated, |
| 761 | 01:03:13 --> 01:03:18 | but if you've been with me for a little while, that's an easy recipe. It's easy |
| 762 | 01:03:21 --> 01:03:24 | if you don't have a confluence of those factors coming together, where at least |
| 763 | 01:03:24 --> 01:03:27 | three things are telling you something, they're not just a PD, right? There has |
| 764 | 01:03:27 --> 01:03:33 | to be something else there. Time you're inside that opening range, between 930 |
| 765 | 01:03:33 --> 01:03:38 | and 10 o'clock, you're seeing buy side trip initially, and then they get rigged |
| 766 | 01:03:38 --> 01:03:42 | across the qualified to drop down, which makes the low of the day. It trades into |
| 767 | 01:03:42 --> 01:03:46 | an overnight which means london session two o'clock in the morning to 930 |
| 768 | 01:03:46 --> 01:03:52 | opening bell. Some low there. It doesn't have to go to the lowest low of London |
| 769 | 01:03:52 --> 01:03:59 | either. So at 930 opening price, you'll see a little fluctuation above it that |
| 770 | 01:03:59 --> 01:04:04 | takes by side, and then you'll see this little tail that's dropping down when |
| 771 | 01:04:04 --> 01:04:06 | you're zoomed in on these one minute charts, like you see, every live |
| 772 | 01:04:06 --> 01:04:10 | streamer has their charts zoomed in real, real close. They're never seeing |
| 773 | 01:04:10 --> 01:04:14 | it form because there's too close to the trees to see the forest. So that's why |
| 774 | 01:04:14 --> 01:04:18 | you have to have one time frame that's zoomed out a little bit like a 15 minute |
| 775 | 01:04:18 --> 01:04:20 | time frame. It gives you a perspective that you wouldn't otherwise have, |
| 776 | 01:04:20 --> 01:04:24 | because you zoomed in on these one minute charts, and every individual one |
| 777 | 01:04:24 --> 01:04:27 | minute candle or less, if you're looking at 15 second charts, you're lost. You |
| 778 | 01:04:27 --> 01:04:32 | have no idea what's coming on and then what's what's going on, but you focus on |
| 779 | 01:04:32 --> 01:04:36 | one side of the range. If you're bullish, you're looking for the low the |
| 780 | 01:04:36 --> 01:04:40 | data form. If you're bearish, you're looking for the high that they form. You |
| 781 | 01:04:40 --> 01:04:47 | are not trying to be perfect and timing, you can anticipate it forming in that |
| 782 | 01:04:47 --> 01:04:53 | first hour of trading. So from 930 to 10 o'clock, your high or low will form |
| 783 | 01:04:54 --> 01:04:58 | majority of the time. You'll see that form in the first 30 minutes, sometimes |
| 784 | 01:04:58 --> 01:05:04 | in the first few minutes. But the higher low of the day for equities, or indices |
| 785 | 01:05:04 --> 01:05:08 | rather, is going to form in that first 60 minutes of trading. So 930 to 1030 |
| 786 | 01:05:10 --> 01:05:13 | which is not any coincidence as to why I'm teaching my son to focus on his |
| 787 | 01:05:13 --> 01:05:17 | trading being done by 11 o'clock, because he's going to graduate to |
| 788 | 01:05:18 --> 01:05:23 | holding on to a trade past that point based on what he's done in the morning, |
| 789 | 01:05:23 --> 01:05:26 | and he'll trade the whole daily range while everybody else out here, nickel |
| 790 | 01:05:26 --> 01:05:30 | diming it, scalping it here, and scalping it there. He'll do that in the |
| 791 | 01:05:30 --> 01:05:34 | beginning of the day, maybe even pre session, once he gets good. And then |
| 792 | 01:05:34 --> 01:05:38 | he'll nail down the low the day when he's bullish, and he'll hold based on |
| 793 | 01:05:38 --> 01:05:42 | time, that means he's going to stay on the trade until 10 minutes to three |
| 794 | 01:05:43 --> 01:05:47 | Eastern Time minimum, because that's the macro beginning of that last final hour. |
| 795 | 01:05:47 --> 01:05:51 | And then he'll babysit the position after that and trail his stop loss and |
| 796 | 01:05:52 --> 01:05:56 | protect whatever range open profit he has. And that's how you trade the daily |
| 797 | 01:05:56 --> 01:06:04 | range. That's power three. So I just basically outlined how the market makers |
| 798 | 01:06:04 --> 01:06:07 | and how the algorithm will book that that low of the day when it's bullish, |
| 799 | 01:06:09 --> 01:06:15 | they hide the narrative, which is the first thing that they do by having all |
| 800 | 01:06:15 --> 01:06:22 | these little, quirky, little short term fluctuations in price. And they they run |
| 801 | 01:06:22 --> 01:06:26 | by side first to get people to call in, and then when it starts dropping down, |
| 802 | 01:06:26 --> 01:06:30 | people that won the buy that day, they're scared to now buy, so they're |
| 803 | 01:06:30 --> 01:06:34 | hiding the narrative, but they're engineering liquidity. Because some |
| 804 | 01:06:34 --> 01:06:38 | people will say, Okay, I was wrong. Let me now go short. Where are they going to |
| 805 | 01:06:38 --> 01:06:41 | put their short at? Wherever they can get in it, because they're going to |
| 806 | 01:06:41 --> 01:06:45 | chase so where are they gonna put their stop loss at, at the high of the day |
| 807 | 01:06:45 --> 01:06:49 | that's formed so far since 930 so what is that doing? Their engineering |
| 808 | 01:06:49 --> 01:06:56 | liquidity, their engineering liquidity above the initial high the day after 930 |
| 809 | 01:06:56 --> 01:07:00 | opening, when it's a bullish day, everything I'm saying here, just reverse |
| 810 | 01:07:00 --> 01:07:08 | everything when it's going lower. It's very simple logic, but they provide a |
| 811 | 01:07:08 --> 01:07:13 | false narrative. It looks like it's going to go down for the day. Oh, look, |
| 812 | 01:07:13 --> 01:07:22 | it went up. It broke resistance here, so it should have went higher. No, no, |
| 813 | 01:07:23 --> 01:07:27 | that's them hiding the narrative, and they're providing a false narrative that |
| 814 | 01:07:27 --> 01:07:31 | here's resistance, broken but failed, and they drop it down, and usually it |
| 815 | 01:07:31 --> 01:07:37 | looks real quick and fast that is inspiring. What excitement? It's |
| 816 | 01:07:37 --> 01:07:41 | excitement. You walk into the casino, nobody's winning anything, all sudden, |
| 817 | 01:07:41 --> 01:07:46 | boom, you get everybody's fever pitch. I'm gonna get lucky now, like, because |
| 818 | 01:07:46 --> 01:07:49 | listen to that noise over everybody screaming higher and clapping, because |
| 819 | 01:07:49 --> 01:07:54 | this guy just finally got the payout on the Jeopardy slot machine gives me |
| 820 | 01:07:54 --> 01:08:00 | $10,000 look at this, man. I'm feeling lucky now. How the hell does that have |
| 821 | 01:08:00 --> 01:08:04 | any bearing on what you're gonna do in next machine? You put money in as none. |
| 822 | 01:08:04 --> 01:08:09 | But they know it excites people. It gets them excited. So we're going to start |
| 823 | 01:08:09 --> 01:08:14 | doing what put more money in the machines. Bet more on the tables. So |
| 824 | 01:08:14 --> 01:08:19 | when they give you that Judith swing, when it's really technically on the |
| 825 | 01:08:19 --> 01:08:23 | monthly, weekly in a daily chart, it's bullish. You should be hunting the |
| 826 | 01:08:23 --> 01:08:27 | little today so you're in, you're expecting some little broken wing |
| 827 | 01:08:27 --> 01:08:33 | attempt to trick people, going in, right out the gate, going up. Never chase |
| 828 | 01:08:33 --> 01:08:36 | that. Never, never, never chase it. There will be instances where it does |
| 829 | 01:08:36 --> 01:08:39 | that and it never creates a juice like it just starts right from the opening |
| 830 | 01:08:39 --> 01:08:44 | bell and goes up. But it's a rarity. It's so rare you should not even worry |
| 831 | 01:08:44 --> 01:08:48 | about it, and that's why I told you in this mentorship, sometimes when the |
| 832 | 01:08:48 --> 01:08:54 | market just starts trading higher, it'll run without me. I don't need that move. |
| 833 | 01:08:55 --> 01:08:58 | I'm gonna let the move come to me. I'm not gonna pursue it and chase it down. |
| 834 | 01:08:58 --> 01:09:02 | If I gotta chase it, it's not in love with me. I want my setups to love me. |
| 835 | 01:09:02 --> 01:09:06 | It's going to run to me. It's going to want to come to where I am. It's going |
| 836 | 01:09:06 --> 01:09:10 | to chase me down. I'm waiting right here for you, love. If you don't want to come |
| 837 | 01:09:10 --> 01:09:16 | to me, see you back to the streets, bitch, you got to go. So hiding the |
| 838 | 01:09:16 --> 01:09:22 | narrative, engineering liquidity and then providing the false narrative |
| 839 | 01:09:22 --> 01:09:25 | that's the June of swing, makes it feel like this market's gonna go lower. It's |
| 840 | 01:09:25 --> 01:09:29 | not. It's just going down to go up. So you're focusing on a bullish scenario. |
| 841 | 01:09:29 --> 01:09:35 | You're hunting and stalking where is that low a day? For me, it's gonna form |
| 842 | 01:09:35 --> 01:09:39 | in that first 60 minutes. Don't take my word for it, that test that now, now you |
| 843 | 01:09:39 --> 01:09:43 | have one more piece of information that you can go through all your charts and |
| 844 | 01:09:43 --> 01:09:47 | see how much validity is there, how much truth is in that statement this gave |
| 845 | 01:09:47 --> 01:09:54 | you, then what it does is it delivers price to retail liquidity. That means, |
| 846 | 01:09:54 --> 01:10:01 | once it makes its low, it's ran overnight stops. So if they're long, |
| 847 | 01:10:01 --> 01:10:05 | they're not going to be allowed to participate in the now profit lease of |
| 848 | 01:10:05 --> 01:10:10 | the move higher that creates the daily range going up and closing higher on the |
| 849 | 01:10:10 --> 01:10:10 | day. |
| 850 | 01:10:12 --> 01:10:19 | So now that liquidity that would have been used to protect early longs over |
| 851 | 01:10:19 --> 01:10:23 | the london session, they get stopped out, so they're not allowed to be in |
| 852 | 01:10:23 --> 01:10:27 | that move either. That's what the algorithm does. That's what the market |
| 853 | 01:10:27 --> 01:10:34 | makers asked of the coders. It needs to do these types of things. Unseat the |
| 854 | 01:10:34 --> 01:10:39 | potentially profitable, because if you unseat them, their orders to protect |
| 855 | 01:10:39 --> 01:10:45 | their position is a order entry mechanism to pair smart money with that |
| 856 | 01:10:45 --> 01:10:51 | entry price. So they're buying at a willing seller at a deep, deep discount. |
| 857 | 01:10:52 --> 01:10:57 | That's the basis of why sell side is a as a factor that liquidity. Yes, it's a |
| 858 | 01:10:57 --> 01:11:00 | form of protection for you and I and anybody that employs it to say, I don't |
| 859 | 01:11:00 --> 01:11:07 | want to lose more money that goes beyond this level or price. But the market |
| 860 | 01:11:07 --> 01:11:13 | maker cannibalizes traders that use that logic when they want the reins to go a |
| 861 | 01:11:13 --> 01:11:18 | specific direction, higher or lower in the first 60 minutes, they're using that |
| 862 | 01:11:18 --> 01:11:23 | mechanism of the Judas to go down when it's bullish, to absorb all the sell |
| 863 | 01:11:23 --> 01:11:29 | stops that it can because it floods the market with what market orders to buy, |
| 864 | 01:11:30 --> 01:11:35 | which is easy to pair up with that sell side that's being flooded to be market |
| 865 | 01:11:35 --> 01:11:38 | orders that come in, sell at the market, sell to market, because every sell stop |
| 866 | 01:11:38 --> 01:11:43 | when it's activated becomes a market order to sell that market. Well, who's |
| 867 | 01:11:43 --> 01:11:46 | willing to buy that? Someone that believes the market's going to go up |
| 868 | 01:11:46 --> 01:11:55 | from that low, deep discount price. Who might that be smart money? The market |
| 869 | 01:11:55 --> 01:12:01 | maker has control and ownership of the audio. They have the rights to control |
| 870 | 01:12:01 --> 01:12:07 | and manipulate and manual intervene in price. Most of the time it's pre |
| 871 | 01:12:07 --> 01:12:13 | scripted AI delivery of price, the low and the highest form, and the script is |
| 872 | 01:12:13 --> 01:12:18 | runs. Now you're thinking, This can't be true, because I can see orders on the |
| 873 | 01:12:18 --> 01:12:23 | depth of market in the ladder and yada yada, this and yada yada that. Okay, why |
| 874 | 01:12:23 --> 01:12:31 | is that big block of 500 or 300 or 200 that just sits outside of the fair value |
| 875 | 01:12:31 --> 01:12:35 | gap that it trades down to perfectly to the tick, but it doesn't go down to that |
| 876 | 01:12:35 --> 01:12:39 | block of orders that that level two slashing. Why doesn't it go there? If |
| 877 | 01:12:39 --> 01:12:44 | it's buying and selling pressure. If it's selling pressure, why wouldn't the |
| 878 | 01:12:44 --> 01:12:49 | market just skip right down there to those orders? Oh, now you have a |
| 879 | 01:12:49 --> 01:12:53 | problem. You have an argument to wrestle with. Because I'm telling you level two |
| 880 | 01:12:53 --> 01:12:56 | data, depth of market, all that bullshit. That's a red herring. It's the |
| 881 | 01:12:56 --> 01:13:00 | make you think you have X ray vision, that you have some kind of superpower. |
| 882 | 01:13:00 --> 01:13:05 | You're now on the same level playing field as the market professionals. When |
| 883 | 01:13:05 --> 01:13:10 | I say that, I'm not talking about Goldman Sachs, I'm talking about Smart |
| 884 | 01:13:10 --> 01:13:13 | Money traders, the people that don't do courses, the people that are not on |
| 885 | 01:13:13 --> 01:13:16 | CNBC, the people you're never going to meet, they don't have name tags, they're |
| 886 | 01:13:16 --> 01:13:22 | not LinkedIn, they're not out there trying to promote that they don't go |
| 887 | 01:13:22 --> 01:13:26 | around calling themselves a Smart Money trader. That's me dubbing what they are. |
| 888 | 01:13:26 --> 01:13:30 | Who are they? They are people that understand this algorithm. They |
| 889 | 01:13:31 --> 01:13:35 | understand what price is going to do before it does it, and they know how it |
| 890 | 01:13:35 --> 01:13:41 | cannibalizes retail traders, not just retail traders like you think, like Tom |
| 891 | 01:13:41 --> 01:13:46 | Dick and Harry, that's, you know, just recently started up trading. They |
| 892 | 01:13:46 --> 01:13:54 | cannibalize the Goldman Sachs boys. They they cannibalize every institution out |
| 893 | 01:13:54 --> 01:14:00 | there has a role in that. It's not just anyone. All of them do it. They all fall |
| 894 | 01:14:00 --> 01:14:05 | victim, and they also participate. But there is a class of traders that are |
| 895 | 01:14:06 --> 01:14:10 | never identified. They're never identified, they're never drawn any |
| 896 | 01:14:10 --> 01:14:17 | attention to themselves, and they're constantly in these markets all day |
| 897 | 01:14:17 --> 01:14:24 | long, reaping and reaping and reaping, and you never hear anybody talk about |
| 898 | 01:14:24 --> 01:14:28 | them. I'm the first one to talk about them, and I get labeled a crackpot. But |
| 899 | 01:14:28 --> 01:14:31 | how the fuck is it that I can tell you to the tick how these markets are gonna |
| 900 | 01:14:31 --> 01:14:36 | behave? How could I possibly know those things? How could that happen? |
| 901 | 01:14:38 --> 01:14:41 | Randomness? I learned these things from other books is that you're saying |
| 902 | 01:14:41 --> 01:14:47 | because find that shit in the books. It's not there. And again, if it was |
| 903 | 01:14:47 --> 01:14:51 | based on those things, somebody else could trade like me using that same |
| 904 | 01:14:51 --> 01:14:55 | stuff, and just say, Oh, it's just Elliot wave, oh, it's just pit sports. |
| 905 | 01:14:55 --> 01:15:05 | Oh, it's Gan or Hearst cycles, or it's. Yes, whatever fill in the blank. I |
| 906 | 01:15:05 --> 01:15:10 | haven't even showed you anything yet, and I've already blown your socks off. |
| 907 | 01:15:10 --> 01:15:14 | People are already finding setups immediately, immediately, using what |
| 908 | 01:15:14 --> 01:15:17 | I've taught so far in this 2024, mentorship, they're immediately finding |
| 909 | 01:15:17 --> 01:15:20 | setups. They're like, What the hell, dude, it's been like this the whole |
| 910 | 01:15:20 --> 01:15:26 | time. Yeah, for 30 years it's been like that. 30 years has been like that. And |
| 911 | 01:15:26 --> 01:15:32 | I, honestly, I I'm loving the fact that I can live vicariously through all of |
| 912 | 01:15:32 --> 01:15:35 | you, your moments when you when you see it happening, and you're like, Oh, I |
| 913 | 01:15:35 --> 01:15:39 | know exactly what this about to do. And, boom, you can do it. That's exciting to |
| 914 | 01:15:39 --> 01:15:43 | me. I get my rocks off with that, because, just because I can see it |
| 915 | 01:15:43 --> 01:15:49 | happening, making money is not exciting. That's not exciting seeing other people |
| 916 | 01:15:49 --> 01:15:54 | become passionate about their life, their future, that they're inspired by |
| 917 | 01:15:54 --> 01:15:58 | now this new talent, skill that they know, that they have, something that can |
| 918 | 01:15:58 --> 01:16:02 | feed themselves and their family, and it could pass it on to their children, and |
| 919 | 01:16:02 --> 01:16:06 | fuck college, because they're institutional centers where you're |
| 920 | 01:16:06 --> 01:16:10 | indoctrinated to believe stupid shit. You need to be a free thinking, |
| 921 | 01:16:10 --> 01:16:15 | independent thinker, and you can only do that is if you can carve out your own |
| 922 | 01:16:15 --> 01:16:18 | paycheck and you can say how much you're worth, if you submit yourself to |
| 923 | 01:16:18 --> 01:16:22 | somebody else and say, I'm going to give you all my time this week. I'm going to |
| 924 | 01:16:22 --> 01:16:26 | let you tell me when I have to be here and when I can go home, and how much |
| 925 | 01:16:26 --> 01:16:32 | you're willing to pay me. I'm going to accept that fuck that. That's not me, |
| 926 | 01:16:32 --> 01:16:36 | and if that's you, good luck with it. But that's not what I'm teaching I'm |
| 927 | 01:16:36 --> 01:16:40 | teaching you how to escape that stuff. So once it delivers the retail |
| 928 | 01:16:40 --> 01:16:46 | liquidity, then it's going to start repricing higher. So the first mode of |
| 929 | 01:16:47 --> 01:16:52 | banking profit, these smart money entities, will run those buy stops that |
| 930 | 01:16:52 --> 01:16:58 | are formed after the little initial rally up. So now the new high a day, |
| 931 | 01:16:59 --> 01:17:04 | within that first 30 minutes or hour they'll run to that and that deep |
| 932 | 01:17:04 --> 01:17:10 | discount they bought at, they'll offload some of that there. So you'll see prints |
| 933 | 01:17:11 --> 01:17:14 | on your level two data where, oh yeah, there's trades taking place. There's |
| 934 | 01:17:14 --> 01:17:17 | always going to be trades taking place like that, because the smart money is in |
| 935 | 01:17:17 --> 01:17:23 | there doing those very things. Everybody's also seeing retail traders |
| 936 | 01:17:23 --> 01:17:26 | do what? Chase price? Oh, it's going up. Well, let me just go in there and buy it |
| 937 | 01:17:26 --> 01:17:29 | at the market. You only need one contract trader to print that that |
| 938 | 01:17:29 --> 01:17:33 | price. So the algorithm is going to keep doing what? From the time it makes that |
| 939 | 01:17:33 --> 01:17:39 | low of day, it's just going to keep printing, offering higher prices, |
| 940 | 01:17:39 --> 01:17:43 | knowing full well that there's going to be a market order coming in at all times |
| 941 | 01:17:43 --> 01:17:47 | it then it'll book that price. And you're if you're short, you're sitting |
| 942 | 01:17:47 --> 01:17:50 | there watching it, okay? I hope it starts going back down now, but the |
| 943 | 01:17:50 --> 01:17:53 | algorithm saying, No, I'm not, but you're not paying attention, because you |
| 944 | 01:17:53 --> 01:17:57 | don't believe there's an algorithm. And it just keeps booking higher prices, |
| 945 | 01:17:57 --> 01:18:00 | offering higher prices, higher prices. It moves into a buy program. There's no |
| 946 | 01:18:00 --> 01:18:04 | retracements, there's no gas, there's no fair value gaps, it just keeps going |
| 947 | 01:18:04 --> 01:18:08 | higher. What do you do with that situation? In your situation, you're |
| 948 | 01:18:08 --> 01:18:12 | losing, you're going to hold on to the potentially open profit that is eroded, |
| 949 | 01:18:13 --> 01:18:17 | and as it keeps marching up to that initial high of the day prior to the |
| 950 | 01:18:17 --> 01:18:21 | juice, swing lower, then it'll really quick jumps up because it doesn't want |
| 951 | 01:18:21 --> 01:18:24 | to let the people that have their buy stop sitting there, pull them because |
| 952 | 01:18:24 --> 01:18:28 | they want that liquidity there. And what does it do? It keeps them from pulling |
| 953 | 01:18:28 --> 01:18:33 | their orders there. And I'll say that excitement, it looks like it's a |
| 954 | 01:18:33 --> 01:18:37 | breakout. Oh, look at that. Oh, it's a breakout. And now you'll see the price |
| 955 | 01:18:37 --> 01:18:42 | really start to take off, because they don't want everybody being able to pilot |
| 956 | 01:18:42 --> 01:18:47 | on those deep discount prices, because they want to get it quicker to the high |
| 957 | 01:18:47 --> 01:18:52 | of the day. So classic buy days, they don't spend a lot of time near the low. |
| 958 | 01:18:53 --> 01:18:57 | There's a whole lot of energy that takes off when it finishes, due to swing it |
| 959 | 01:18:57 --> 01:19:02 | goes, takes off. So you have to be positioned at that initial high of the |
| 960 | 01:19:02 --> 01:19:08 | day prior to the Judah swing anywhere from that high down, being long is |
| 961 | 01:19:08 --> 01:19:15 | ideal, and be comfortable knowing that you probably will never see that range |
| 962 | 01:19:15 --> 01:19:19 | from the initial high being taken out to the Judah swing low, you'll never see |
| 963 | 01:19:19 --> 01:19:24 | that range that creates that ever traded to the rest of the day. So you don't |
| 964 | 01:19:24 --> 01:19:29 | have to have your stop loss at the low of the day. You can go back three PD |
| 965 | 01:19:29 --> 01:19:35 | arrays in that range, put your stop loss there and just let it go. Go do |
| 966 | 01:19:35 --> 01:19:39 | something else. Go do something stupid, like play golf, tear up your back. Go do |
| 967 | 01:19:39 --> 01:19:44 | something that's fun, like go fishing, go take a nap, go take your spouse out, |
| 968 | 01:19:44 --> 01:19:48 | or your you your significant other. Go, go have lunch. Don't even look at your |
| 969 | 01:19:48 --> 01:19:54 | charts. Just let it go, and then come back 10 minutes to three and see how |
| 970 | 01:19:54 --> 01:19:59 | much of the range you now have under your trade and how many times that you |
| 971 | 01:19:59 --> 01:20:02 | may have done. Something silly and small, little short term, little moves |
| 972 | 01:20:02 --> 01:20:04 | and never had the whole daily range. |
| 973 | 01:20:06 --> 01:20:11 | If you start training that way, anywhere between four to six days a month. Those |
| 974 | 01:20:11 --> 01:20:15 | are those are those types of scenarios. They're not an everyday instance, but |
| 975 | 01:20:15 --> 01:20:21 | four to six days out of a month, there are very easy classic buy days. And |
| 976 | 01:20:21 --> 01:20:26 | obviously the other thing is said on the opposite spectrum, where you'll have |
| 977 | 01:20:26 --> 01:20:29 | four to six down days that are classic sell days, where you can hope the whole |
| 978 | 01:20:29 --> 01:20:33 | daily range. Everything else other than that, is days that you're going to have |
| 979 | 01:20:33 --> 01:20:37 | to be a trader that buys and sells intraday, or you stick with the |
| 980 | 01:20:37 --> 01:20:41 | underlying narrative that constitutes your reasons for being a buyer or seller |
| 981 | 01:20:41 --> 01:20:45 | for classic by days, because the monthly and the weekly chart indicates to you |
| 982 | 01:20:45 --> 01:20:48 | that it's likely keep moving higher. Well, then you want to stick to being a |
| 983 | 01:20:48 --> 01:20:51 | buyer, and if the monthly and weekly expected to go lower, you want to stick |
| 984 | 01:20:51 --> 01:20:55 | to being a short seller, and that way you won't ever miss those classic by |
| 985 | 01:20:55 --> 01:20:59 | days when it's bullish or classic sell days when you're bearish. But if you |
| 986 | 01:20:59 --> 01:21:03 | don't have that in your analysis, you need to start implementing that, because |
| 987 | 01:21:03 --> 01:21:06 | that's why you're missing the big moves. That's why you're not on side most of |
| 988 | 01:21:06 --> 01:21:09 | the time, because you don't you're not spending a little bit of time. It |
| 989 | 01:21:09 --> 01:21:13 | doesn't take very much time at all, like minutes, just minutes looking at the |
| 990 | 01:21:13 --> 01:21:17 | monthly and the weekly and daily to determine what the weekly range might be |
| 991 | 01:21:17 --> 01:21:23 | like this week. What could it reach for? What could it reach for prior to that |
| 992 | 01:21:23 --> 01:21:27 | target? So there's going to be a graduated degree of your best scenario, |
| 993 | 01:21:27 --> 01:21:33 | your best case scenario. It could go up to this level, or a reasonable level |
| 994 | 01:21:33 --> 01:21:39 | would be 250 to 350 handles higher than where we settled the previous week. So |
| 995 | 01:21:39 --> 01:21:44 | if you're bullish, what, what PDA raised in that range, if you just worked with |
| 996 | 01:21:44 --> 01:21:48 | that, you're going to be luckier, said everybody else, and vice versa, if |
| 997 | 01:21:48 --> 01:21:57 | you're bearish. So when that judicially occurs, what your mindset should be is |
| 998 | 01:21:57 --> 01:22:04 | okay, if there is an algorithm, and if there is a entity out there that is |
| 999 | 01:22:04 --> 01:22:09 | collectively interested in trading with what it does and how it books price, how |
| 1000 | 01:22:09 --> 01:22:14 | it makes price behave a certain way, because I've already said this many |
| 1001 | 01:22:14 --> 01:22:20 | times before, if we had control with the sheer volume that as all of us traders |
| 1002 | 01:22:20 --> 01:22:26 | come together, we could manipulate the price much, much more than what we see, |
| 1003 | 01:22:27 --> 01:22:32 | and it doesn't happen. And they give you things like the circuit breaker rule. Oh |
| 1004 | 01:22:32 --> 01:22:38 | well, you know, it seems like it makes it sound like, oh yeah, we have to stop |
| 1005 | 01:22:38 --> 01:22:45 | the randomness of all you buying and selling. That's not what that is. That's |
| 1006 | 01:22:45 --> 01:22:50 | not what's going on. But it sounds good, doesn't it? It sounds like they're, |
| 1007 | 01:22:50 --> 01:22:54 | they're they're controlling the wild stallions. We got to keep you guys from |
| 1008 | 01:22:54 --> 01:22:57 | crashing the market. We got to keep you guys from sending it to the moon. It's |
| 1009 | 01:22:57 --> 01:23:02 | not fair. Why wouldn't they want it to go to the moon? Think about that. How is |
| 1010 | 01:23:02 --> 01:23:08 | this for an argument? Why would they ever want to stop, slow down the market? |
| 1011 | 01:23:08 --> 01:23:17 | Okay, come on, the moon's not always up. Sometimes the moon's under so much fun, |
| 1012 | 01:23:18 --> 01:23:22 | but once the Submit, once the smart money traders buy near the low or at the |
| 1013 | 01:23:22 --> 01:23:28 | low, they submit to time they know that the algorithm is going to do what the |
| 1014 | 01:23:28 --> 01:23:33 | algorithm does, which is now keep offering higher prices. And it matters |
| 1015 | 01:23:33 --> 01:23:37 | not how many people come in and sell short, it just it's going to keep |
| 1016 | 01:23:37 --> 01:23:41 | offering higher prices. And as it goes throughout the day, you'll have small, |
| 1017 | 01:23:41 --> 01:23:46 | little intermediate term retracements, which is during the lunch hour. And what |
| 1018 | 01:23:46 --> 01:23:52 | you'll look for on a classic by day is the initial high of the day that drops |
| 1019 | 01:23:52 --> 01:23:56 | right down from there to make the Judah swing low, which is the low of the daily |
| 1020 | 01:23:56 --> 01:24:01 | candlestick, forming any short term high that's above that initial high the day |
| 1021 | 01:24:01 --> 01:24:06 | that my side was engineered. At rates you to swing lower, there's going to be |
| 1022 | 01:24:06 --> 01:24:13 | a higher swing low, the lunch hour will many times drop down to that and it'll |
| 1023 | 01:24:13 --> 01:24:17 | clear the stops anyone that's trailed it there, and it won't return to the high |
| 1024 | 01:24:17 --> 01:24:21 | order due to swing. But classic Support Resistance traders will think it's going |
| 1025 | 01:24:21 --> 01:24:26 | to go there, it won't. You go there. It won't. And usually, in between that |
| 1026 | 01:24:26 --> 01:24:32 | initial high and the low that forms in a lunch hour retracement, there'll be some |
| 1027 | 01:24:32 --> 01:24:35 | kind of a fair value that stays open. And that's a breakaway, that's a |
| 1028 | 01:24:35 --> 01:24:40 | breakaway guy. So I'm fleshing out the entire daily range for you, and don't |
| 1029 | 01:24:40 --> 01:24:43 | take my word for it. Go back and look at Classic five days, and you'll see these |
| 1030 | 01:24:43 --> 01:24:46 | things are there. And that can only be there because it's driven by an |
| 1031 | 01:24:46 --> 01:24:52 | algorithm. That means it's running a script. It does these things that's been |
| 1032 | 01:24:52 --> 01:24:59 | it's been coded, and it, it's astonishing. It's It's astonishing when |
| 1033 | 01:24:59 --> 01:25:03 | you anticipate and. They see it happening. And it's a weird feeling. It |
| 1034 | 01:25:03 --> 01:25:08 | makes you feel like I shouldn't know this. I should not I should not know |
| 1035 | 01:25:08 --> 01:25:12 | this, like it feels like a dream, like state. It feels like you're in a dream, |
| 1036 | 01:25:12 --> 01:25:18 | because what you're seeing happen, you anticipated it, and then you're seeing |
| 1037 | 01:25:18 --> 01:25:21 | it, and then when you get good at anticipating it, then you can execute on |
| 1038 | 01:25:21 --> 01:25:27 | it, and then what do you do with that whole field of dreams is in front of |
| 1039 | 01:25:27 --> 01:25:31 | you? Then you're still have losing trades. You still can stop the album |
| 1040 | 01:25:31 --> 01:25:34 | Days you think it's a classified. That's okay. If you stick with this logic, |
| 1041 | 01:25:34 --> 01:25:43 | it'll serve you well in your pursuit. Market making is not dealing. I have |
| 1042 | 01:25:44 --> 01:25:49 | dealers in my mentorship. I have students that were ex, quote, unquote |
| 1043 | 01:25:49 --> 01:25:57 | market makers for a options desk at so and so, brokerage, large Institute. I'm |
| 1044 | 01:25:58 --> 01:26:02 | not going to say their names, but there you would know them unequivocally. You |
| 1045 | 01:26:02 --> 01:26:06 | would know like, these are big name industries, and they're large |
| 1046 | 01:26:06 --> 01:26:13 | institutions, and since learning from me, a lot of them have come forward, and |
| 1047 | 01:26:13 --> 01:26:16 | they're like, listen and gain confidence. I'm telling you this, so |
| 1048 | 01:26:16 --> 01:26:21 | please don't say you know who I am or whatever. But this is the facts, okay, |
| 1049 | 01:26:22 --> 01:26:26 | these same individuals had admitted that while they were being a dealer, and |
| 1050 | 01:26:26 --> 01:26:29 | their their title was called Market Maker. They were a market maker at the |
| 1051 | 01:26:33 --> 01:26:37 | I'm gonna be careful, because if I say it, I broke my promise to them, but |
| 1052 | 01:26:37 --> 01:26:42 | let's just say, at a specific options desk, okay, they are the market maker |
| 1053 | 01:26:42 --> 01:26:53 | for that options desk, for that trading firm, and they admitted that they had no |
| 1054 | 01:26:53 --> 01:27:00 | idea what price was going to do, but they were offering the mechanism of |
| 1055 | 01:27:01 --> 01:27:06 | putting buyers and sellers together at that institute or that firm, that's not |
| 1056 | 01:27:06 --> 01:27:10 | market making. You're dealing you're dealing in a price feed that you don't |
| 1057 | 01:27:10 --> 01:27:16 | control, period. And that's not what I say or mean when I say a market maker |
| 1058 | 01:27:17 --> 01:27:21 | the price. And let's go back to a currency, okay? Because it makes it a |
| 1059 | 01:27:21 --> 01:27:32 | whole lot easier to explain euro dollar. Okay, so the euro, when you're buying |
| 1060 | 01:27:32 --> 01:27:40 | and selling Euro, when the moves going up, that move up was not instigated or |
| 1061 | 01:27:40 --> 01:27:50 | propelled by buyers the the transition from a old price level to now current |
| 1062 | 01:27:50 --> 01:27:56 | market price that may be higher, the only thing that that chart is indicating |
| 1063 | 01:27:56 --> 01:28:02 | and recording is transactions that occurred while that price moved, moved |
| 1064 | 01:28:02 --> 01:28:07 | from one price to another. It doesn't even matter how many people would have |
| 1065 | 01:28:07 --> 01:28:11 | bought Eurodollar if it was going to go there, because it's ran on algorithm. |
| 1066 | 01:28:11 --> 01:28:17 | It's going there. It doesn't matter how many lots were purchased, because it's |
| 1067 | 01:28:17 --> 01:28:22 | going to keep going up, and he knows that there's going to be buyers and |
| 1068 | 01:28:22 --> 01:28:29 | sellers that come in at any given time because of just impulsiveness, and we're |
| 1069 | 01:28:29 --> 01:28:34 | seeing that transaction. But what you've been told and been lied to about is |
| 1070 | 01:28:34 --> 01:28:44 | that's what caused the market to go up there. Look at a commodity market. Okay, |
| 1071 | 01:28:44 --> 01:28:51 | look at a commodity market. And when you look at the volume of that market and |
| 1072 | 01:28:51 --> 01:28:55 | look at the price runs that occur there, you'll see price runs that have X amount |
| 1073 | 01:28:55 --> 01:29:02 | of contracts that calls a rally up, and then it retraces down, and then there's |
| 1074 | 01:29:02 --> 01:29:06 | another rally. Happens later on. It's faster. It gets to a higher, high, |
| 1075 | 01:29:06 --> 01:29:12 | faster, but it does it on very, very, very low volume. Why would it have at |
| 1076 | 01:29:12 --> 01:29:16 | least the same amount of volume that the first leg did, if not more? Because it |
| 1077 | 01:29:16 --> 01:29:23 | moves faster, because it's being offered by an algorithm. It's electronic |
| 1078 | 01:29:23 --> 01:29:29 | trading. The pits don't exist like they used to before electronic trading, the |
| 1079 | 01:29:29 --> 01:29:32 | pits would see the price scheme. What are they looking at? That board up there |
| 1080 | 01:29:32 --> 01:29:36 | on the wall? That's their price. The price is not in their fucking hands. |
| 1081 | 01:29:37 --> 01:29:40 | They're not controlling price. They're looking up right now, what's the price |
| 1082 | 01:29:40 --> 01:29:44 | right now? And they're saying, Okay, I will buy this. I will sell this. Where'd |
| 1083 | 01:29:44 --> 01:29:52 | that price come from? The market maker. They're in control. It used to be about |
| 1084 | 01:29:52 --> 01:29:54 | seven to 10 gentlemen that used to sit around |
| 1085 | 01:29:56 --> 01:30:00 | and they would book price. They would control price. You. That's the way it |
| 1086 | 01:30:00 --> 01:30:06 | was, and that price would be given to the floor, and the floor does their |
| 1087 | 01:30:06 --> 01:30:10 | transactions, and you have the all floor people like you and I, speculators, Don |
| 1088 | 01:30:10 --> 01:30:13 | Q Public, we would buy or sell based on our patterns or whatnot, and the only |
| 1089 | 01:30:13 --> 01:30:18 | thing that's recording is our interest at that time. But the movement between |
| 1090 | 01:30:18 --> 01:30:22 | one price point to the next is already predetermined. The highest time, the |
| 1091 | 01:30:22 --> 01:30:26 | lowest, low today, is already predetermined. All you have to do is |
| 1092 | 01:30:26 --> 01:30:31 | study volume, and you'll see that there's price runs that have very, very |
| 1093 | 01:30:31 --> 01:30:38 | low volume, but they move larger. Why is that happening? Because the people that |
| 1094 | 01:30:38 --> 01:30:45 | control price are constantly offering higher prices. If Michael Jordan back in |
| 1095 | 01:30:45 --> 01:30:53 | when he was really popular, if he would introduce the new shoe through Nike, |
| 1096 | 01:30:54 --> 01:30:59 | everybody would go crazy, typically, because they want to have that shoe. He |
| 1097 | 01:30:59 --> 01:31:09 | was the the Judas how to separate foals from their money? Well, here you go. |
| 1098 | 01:31:09 --> 01:31:14 | Michael Jordan, let me buy something for 100 plus dollars that doesn't last that |
| 1099 | 01:31:14 --> 01:31:20 | long, and it's pretty much garbage, but people were shooting people and stabbing |
| 1100 | 01:31:20 --> 01:31:23 | people and stealing them off other people. They wanted them so bad because |
| 1101 | 01:31:23 --> 01:31:29 | they didn't have the money that for them, everybody has their own form of |
| 1102 | 01:31:29 --> 01:31:33 | Jordans in trading, their own little logic. The thing that makes them feel |
| 1103 | 01:31:33 --> 01:31:38 | like they're they're a basketball player like Jordan. I'm a real good trader |
| 1104 | 01:31:38 --> 01:31:43 | because I use Gan I'm a real good trader because I use Elliot we I'm a good |
| 1105 | 01:31:43 --> 01:31:49 | trader because I do this and I do that. Okay, good for you, but you wearing |
| 1106 | 01:31:49 --> 01:31:55 | those Jordans and making a good play a basketball player. You using these |
| 1107 | 01:31:55 --> 01:31:59 | logics that you think are the reasons for the market going up and down, these |
| 1108 | 01:31:59 --> 01:32:03 | indicators, these overbought overload indicators that's not making the market |
| 1109 | 01:32:03 --> 01:32:06 | go up. How many times have you seen an oversold indication that was bullish |
| 1110 | 01:32:06 --> 01:32:10 | divergence, too, and the market just kept going lower, just kept going lower, |
| 1111 | 01:32:10 --> 01:32:16 | just kept on going lower. That was the wake up call for me, because I was a |
| 1112 | 01:32:16 --> 01:32:19 | perpetual bull when I first started. I only could want to be a buyer, because |
| 1113 | 01:32:19 --> 01:32:23 | it made sense to buy low, sell high. I could not grasp the idea of selling |
| 1114 | 01:32:23 --> 01:32:27 | something I don't own and making money when it goes cheaper. It was, it was an |
| 1115 | 01:32:27 --> 01:32:31 | alien concept to me. I just I couldn't trust that, and I just focused on being |
| 1116 | 01:32:31 --> 01:32:35 | a buyer. And there was many times where I was trying to be a buyer as a 20 year |
| 1117 | 01:32:35 --> 01:32:39 | old, not knowing what the hell I was doing and everything technically, based |
| 1118 | 01:32:39 --> 01:32:43 | on every retail thing you can imagine, said that it was going to go up from |
| 1119 | 01:32:43 --> 01:32:47 | there, and they'd be this little, tiny little move up and be, yeah, I'm on side |
| 1120 | 01:32:47 --> 01:32:50 | now, and the only thing it did was take out a short term, little high the run |
| 1121 | 01:32:50 --> 01:32:54 | trailed by stops, and then the fucking floor would fall out. And I'm in |
| 1122 | 01:32:54 --> 01:32:58 | drawdown, because I don't have, I don't have a stop loss. I'm still just in |
| 1123 | 01:32:58 --> 01:33:02 | drawdown. And I'm thinking, Okay, well, it's just it, just it just needed to do |
| 1124 | 01:33:02 --> 01:33:05 | that little bit of move. It's gonna now it's gonna go up. And the whole time I |
| 1125 | 01:33:05 --> 01:33:08 | want to go lower and lower and lower, and then, like, finally, I gotta pick my |
| 1126 | 01:33:08 --> 01:33:11 | guts up. There it is. Let me at least have two hours left in the account. Let |
| 1127 | 01:33:11 --> 01:33:15 | me just have that. And if I would have held on to that, it would have took that |
| 1128 | 01:33:15 --> 01:33:21 | and more. So that was my wake up call, that there's something else going on |
| 1129 | 01:33:21 --> 01:33:28 | here. I gotta, I gotta look deeper into what's going on behind price. And the |
| 1130 | 01:33:28 --> 01:33:33 | algorithm is designed and coded in a way where it will capitalize on two primary |
| 1131 | 01:33:33 --> 01:33:40 | things, where there are pending orders, and it does not know how many orders are |
| 1132 | 01:33:40 --> 01:33:44 | above or below the marketplace. It doesn't know that. It cannot worry about |
| 1133 | 01:33:44 --> 01:33:48 | that, because that's always a dynamic, fluctuating value. Like, just like, look |
| 1134 | 01:33:48 --> 01:33:53 | at level two data, you'll see the orders there. There'll be a big block, there'll |
| 1135 | 01:33:53 --> 01:33:58 | be a 500 block, a 300 block, sitting at a price level. And then as we get closer |
| 1136 | 01:33:58 --> 01:34:03 | closer, that order won't be there anymore. It'll be less why? They lose |
| 1137 | 01:34:03 --> 01:34:07 | interest. They lose the interest as it's getting closer to it. Why? Why is that |
| 1138 | 01:34:07 --> 01:34:12 | occurring? Because it's spoofing. But see, you're looking at it differently. |
| 1139 | 01:34:12 --> 01:34:15 | You're looking at through the lens of retail like it's going to go there |
| 1140 | 01:34:15 --> 01:34:19 | because it's a big number there. That's bullshit. That's how you get tricked. |
| 1141 | 01:34:19 --> 01:34:25 | That's how you fall victim to that nonsense, these things that are trying |
| 1142 | 01:34:25 --> 01:34:29 | to point to where orders are. All you have to do is look at a one minute, a |
| 1143 | 01:34:29 --> 01:34:32 | five minute, 15 minute time frame, and you'll see every liquidity pool that |
| 1144 | 01:34:32 --> 01:34:35 | these little bubbles or these little things are showing you. You don't need |
| 1145 | 01:34:35 --> 01:34:40 | to know a number. The number is the that's the red herring. That's the Judas |
| 1146 | 01:34:40 --> 01:34:45 | swing gimmick of that thing that that process of, you know, visualizing how |
| 1147 | 01:34:45 --> 01:34:49 | many orders are there? Those orders are not all literal. They're not they're not |
| 1148 | 01:34:49 --> 01:34:54 | actually going to be there. When price trades to it, they'll pull them. But |
| 1149 | 01:34:54 --> 01:34:58 | they're using big, large institutions can place orders there to influence |
| 1150 | 01:34:58 --> 01:35:04 | other traders. Is to book price for that express purposes of tricking them, |
| 1151 | 01:35:04 --> 01:35:08 | knowing full well that every transaction that takes place leading up to that |
| 1152 | 01:35:08 --> 01:35:12 | level that never gets hit, other traders will look at the chart and say, Oh, this |
| 1153 | 01:35:12 --> 01:35:18 | is one of those fanny pack patterns. And the last time I traded, I got more money |
| 1154 | 01:35:18 --> 01:35:23 | for my fanny pack. Come on, man, like, if you give it enough time, you can come |
| 1155 | 01:35:23 --> 01:35:27 | up with a gimmick or an excuse to get into anything, but you have to strip it |
| 1156 | 01:35:27 --> 01:35:33 | down to the very bare essentials. The markets go up for buy stops. They go up |
| 1157 | 01:35:33 --> 01:35:39 | to reprice and or rebalance and inefficiency. That's it. It goes down |
| 1158 | 01:35:39 --> 01:35:45 | for sell stops, or it goes down to reprice to or rebalance an inefficiency |
| 1159 | 01:35:45 --> 01:35:51 | below market price. That is it, if your patterns that you trade off of happen to |
| 1160 | 01:35:51 --> 01:35:56 | agree in an overlap in that instance, that's why your shit worked. It wasn't |
| 1161 | 01:35:56 --> 01:35:59 | because of your harmonic pattern. It wasn't because of Elliot wave, it wasn't |
| 1162 | 01:35:59 --> 01:36:05 | because of anything except for that's what it was going to do at that time. If |
| 1163 | 01:36:05 --> 01:36:09 | you go through all of your losing trades, I promise you, it will be a |
| 1164 | 01:36:09 --> 01:36:11 | revelation, but unless you don't even give a shit, you haven't journaled |
| 1165 | 01:36:11 --> 01:36:15 | anything, so you don't have the ability to go back and study what you did wrong. |
| 1166 | 01:36:15 --> 01:36:19 | But the ones that have go back and look at where you're losing trades occurred, |
| 1167 | 01:36:19 --> 01:36:24 | and then look at what I teach, and you're gonna see mine standing in front |
| 1168 | 01:36:24 --> 01:36:28 | of your trade, what I tell you the market's gonna do and how it's gonna |
| 1169 | 01:36:28 --> 01:36:33 | behave in book. That's why your trade failed, and vice versa. Look at all your |
| 1170 | 01:36:33 --> 01:36:37 | retail shit and the times that it works. It's because in an agreement with what |
| 1171 | 01:36:37 --> 01:36:42 | I'm teaching. And I know damn well that's narcissistic in it. That's that's |
| 1172 | 01:36:42 --> 01:36:46 | arrogant shit. You're damn right, because it's the truth that is the |
| 1173 | 01:36:46 --> 01:36:51 | truth. And when you stop paying attention to all these gimmicks, and you |
| 1174 | 01:36:51 --> 01:36:57 | stop being these team mentality, be watching volume profile, team, DSA, |
| 1175 | 01:36:58 --> 01:37:02 | supply and demand, they're all bullshit. None of that stuff makes price go up and |
| 1176 | 01:37:02 --> 01:37:07 | down zero. You're not going to tell me the tick of the entry to get in at with |
| 1177 | 01:37:07 --> 01:37:10 | the highest of the candlestick. You're not going to get out the lows. You're |
| 1178 | 01:37:10 --> 01:37:13 | not going to trade like me. You're not going to get like that. You ain't going |
| 1179 | 01:37:13 --> 01:37:16 | to get like that, not in any that other Mickey Mouse shit. You're not going to |
| 1180 | 01:37:17 --> 01:37:21 | because if any of you could have done it, you'd be doing already. Why am I |
| 1181 | 01:37:21 --> 01:37:24 | still out here barking? And then nobody's coming forward and saying, |
| 1182 | 01:37:24 --> 01:37:28 | here's the shit that beats your stuff. Shut the fuck up, Michael. It's still |
| 1183 | 01:37:28 --> 01:37:32 | not happening. That's what's entertaining. Like, you would think |
| 1184 | 01:37:32 --> 01:37:39 | seriously, you would think, I want to fucking see it, but it ain't there. But |
| 1185 | 01:37:39 --> 01:37:43 | they'll come in and they'll make little remarks to try to discourage you, |
| 1186 | 01:37:43 --> 01:37:47 | because they know they can't beat it, and they can't stand it in their own |
| 1187 | 01:37:47 --> 01:37:51 | skin seeing that they can't beat it, they can't make an excuse for how unable |
| 1188 | 01:37:51 --> 01:37:55 | to do it. So the easiest thing is, oh, you're a fraud. Oh, you're listening. |
| 1189 | 01:37:55 --> 01:37:59 | But how you how do you claim that when I have transferred the information to |
| 1190 | 01:37:59 --> 01:38:03 | students, they're now are using it too, and now you said I would never live |
| 1191 | 01:38:03 --> 01:38:08 | stream and trade. I'm doing it in front of you with precision elements that you |
| 1192 | 01:38:08 --> 01:38:17 | can't copy in anything else. So market making is the mechanism that these |
| 1193 | 01:38:17 --> 01:38:25 | algorithms book price under. There is no market maker, person that's dealing |
| 1194 | 01:38:25 --> 01:38:32 | between two price points that makes price. No, absolutely not that is a |
| 1195 | 01:38:32 --> 01:38:37 | dealer. But they have been miscalled as a market maker. They are not controlling |
| 1196 | 01:38:37 --> 01:38:42 | price. They are not going to deliver the high or low today, before it happens, |
| 1197 | 01:38:42 --> 01:38:45 | they're not going to give you the logic. And every single one of the people that |
| 1198 | 01:38:45 --> 01:38:49 | used to be called market makers in the financial world that are now students of |
| 1199 | 01:38:49 --> 01:38:53 | mine, they all collectively said the same thing. They had no idea what the |
| 1200 | 01:38:53 --> 01:38:58 | fuck price was doing. They just were dealing at that price at that given |
| 1201 | 01:38:58 --> 01:39:04 | time. So they were providing a pairing of orders coming together. And there it |
| 1202 | 01:39:04 --> 01:39:09 | is. That's not market making. You're dealing you're dealing in a price feed |
| 1203 | 01:39:09 --> 01:39:12 | that everybody else is dealing with. You're not creating that feed. You're |
| 1204 | 01:39:12 --> 01:39:16 | not changing it when it's going to keep going up to a buy side liquidity. You're |
| 1205 | 01:39:16 --> 01:39:19 | not changing its direction when it's going to go down to a sell side |
| 1206 | 01:39:19 --> 01:39:22 | delivery. You're not doing anything except for doing a transaction like |
| 1207 | 01:39:22 --> 01:39:27 | anybody else's at that given time when we place a trade. So when you hear this |
| 1208 | 01:39:27 --> 01:39:30 | stuff and you think, Oh, well, the Market Maker does this, well, the market |
| 1209 | 01:39:30 --> 01:39:32 | maker's role is to be delta neutral. |
| 1210 | 01:39:33 --> 01:39:37 | Yeah, dealer is that's the dealer's job. That's not a market maker. A market |
| 1211 | 01:39:37 --> 01:39:43 | maker is delivering the whole fucking range, the high and the low, and they |
| 1212 | 01:39:43 --> 01:39:47 | are not going to let it go outside of that high and low unless it benefits |
| 1213 | 01:39:47 --> 01:39:52 | them. And that's manual intervention. That's FOMC. It's Non Farm Payroll, it's |
| 1214 | 01:39:52 --> 01:39:56 | CPI, it's ppi. When they go in and they know they want to disrupt as much as |
| 1215 | 01:39:56 --> 01:40:01 | they can, because they're doing one of two things. Things, they're breaking the |
| 1216 | 01:40:01 --> 01:40:06 | initial sentiment going into that market release. You know, some kind of news |
| 1217 | 01:40:06 --> 01:40:12 | driver. The news itself is not causing that. That is the catalyst to blame. |
| 1218 | 01:40:13 --> 01:40:17 | When it's the market makers themselves that actually have their hand in the |
| 1219 | 01:40:17 --> 01:40:22 | pot. They're stirring it up. That's what's going on. But when you keep |
| 1220 | 01:40:22 --> 01:40:26 | hearing people talk about this stuff on TV, in books and courses, and they |
| 1221 | 01:40:26 --> 01:40:32 | repeat the same bullshit, it's the same bullshit. If you never look at it like |
| 1222 | 01:40:32 --> 01:40:36 | I'm teaching you, you'll never see it. But once you start studying it this way, |
| 1223 | 01:40:36 --> 01:40:42 | you'll see everything else is absolute grade eight ball shit. There's no |
| 1224 | 01:40:42 --> 01:40:47 | fucking reason how I could know this stuff in advance, unless there was |
| 1225 | 01:40:47 --> 01:40:52 | something that I knew that you don't know. Nobody gets this fucking lucky. |
| 1226 | 01:40:52 --> 01:40:56 | Nobody gets this fucking close to perfect. Nobody can know the future like |
| 1227 | 01:40:56 --> 01:41:00 | I'm fucking proving in live stream, in advanced commentary, one sided |
| 1228 | 01:41:00 --> 01:41:04 | commentary, very specific price levels. It's gonna go to this liquidity next |
| 1229 | 01:41:04 --> 01:41:10 | boom, set your fucking watch. It's gonna happen. Come on and you guys are still, |
| 1230 | 01:41:10 --> 01:41:13 | some of you sitting out on the sidelines, holding on to your bullshit |
| 1231 | 01:41:13 --> 01:41:20 | little mechanisms, your little gimmicks, because you don't want to switch to Team |
| 1232 | 01:41:20 --> 01:41:27 | ICT. Fuck team ICT. There's no team ICT. You're not on my fucking team. I'm a one |
| 1233 | 01:41:27 --> 01:41:31 | man fucking army. All of you just want to learn what I do, and that's all I'm |
| 1234 | 01:41:31 --> 01:41:35 | asking you to do is investigate it, look at it, test it. If you don't like it, |
| 1235 | 01:41:35 --> 01:41:38 | you can't do it. Then do what you're doing now, or go do something else. But |
| 1236 | 01:41:38 --> 01:41:43 | really put an effort into seeing it, testing it. The things I tell you, look |
| 1237 | 01:41:43 --> 01:41:48 | for it, look for it. And once you start seeing it, you're gonna be like, Man, my |
| 1238 | 01:41:48 --> 01:41:52 | stuff saying this is a buy right now. But this guy said, if this is going into |
| 1239 | 01:41:52 --> 01:41:57 | the marketplace, it's probably gonna go the other way. And now you're in a |
| 1240 | 01:41:57 --> 01:42:04 | penundrea. Do you stick with your program? That maybe 50% right? And now |
| 1241 | 01:42:04 --> 01:42:06 | you have the wrestling match between what I've taught and you have an |
| 1242 | 01:42:06 --> 01:42:12 | awareness of if you take that next trade and you lose, you're a convert. I've |
| 1243 | 01:42:13 --> 01:42:17 | convinced you at that moment, but the weak minded ones will still want to |
| 1244 | 01:42:17 --> 01:42:20 | wrestle, and then you'll troll me. That's what every one of my trolls that |
| 1245 | 01:42:20 --> 01:42:23 | term student, that was the same thing they did all the time. When they started |
| 1246 | 01:42:23 --> 01:42:26 | implementing what is I teach, and they were still trying to trade their shit. |
| 1247 | 01:42:26 --> 01:42:29 | And when mine was saying it was going to do something that was opposed to them, |
| 1248 | 01:42:29 --> 01:42:34 | they took the train. And when they lost, they hated me more. They fucking hated |
| 1249 | 01:42:34 --> 01:42:36 | me more. They're like, Man, this motherfucker. And they would troll me |
| 1250 | 01:42:36 --> 01:42:41 | harder, until they kept seeing that when I was teaching the concepts that caused |
| 1251 | 01:42:41 --> 01:42:45 | the market to go up, really, and their pattern bullshit, their Ellie way |
| 1252 | 01:42:45 --> 01:42:49 | bullshit, their whatever the hell email shit is, was failing up against it. They |
| 1253 | 01:42:50 --> 01:42:55 | finally broke down and send me emails. Said, Listen, I gotta, I gotta be honest |
| 1254 | 01:42:55 --> 01:42:59 | with you, man, this is I didn't want to believe in the beginning, but, man, what |
| 1255 | 01:42:59 --> 01:43:04 | the fuck right? And now they're really good students. They don't blow smoke up |
| 1256 | 01:43:04 --> 01:43:08 | my ass, they don't cheerlead me on public they don't lift me up and glaze |
| 1257 | 01:43:08 --> 01:43:12 | me all up on social media. I don't want none of you doing that. That's not what |
| 1258 | 01:43:12 --> 01:43:16 | this is about. This is about teaching you what really goes on, how to |
| 1259 | 01:43:16 --> 01:43:21 | anticipate it in price action and remove all of the confusion about what it is |
| 1260 | 01:43:21 --> 01:43:26 | you're looking for and when it's going to occur. Like, how, how else could you |
| 1261 | 01:43:26 --> 01:43:31 | improve upon this? Not that I'm not going to, because I am, but a few can |
| 1262 | 01:43:31 --> 01:43:35 | time when you're going to do something, you know inside of a 20 minute interval |
| 1263 | 01:43:35 --> 01:43:39 | when you're going to do something, and then you have a higher Time Frame |
| 1264 | 01:43:39 --> 01:43:43 | directional bias that tells you it's most likely going to book here. Why? |
| 1265 | 01:43:44 --> 01:43:48 | Because Smart Money holds positions longer than just a couple seconds or a |
| 1266 | 01:43:48 --> 01:43:51 | couple minutes. But there are high frequency trading algorithms that fire |
| 1267 | 01:43:51 --> 01:43:57 | in and out all day long that capitalize on that. It's not just institutions and |
| 1268 | 01:43:57 --> 01:44:03 | retail traders. There is a entity that is always in the marketplace, always |
| 1269 | 01:44:04 --> 01:44:08 | buying and selling all day long. Up down, up down, up down. In every |
| 1270 | 01:44:08 --> 01:44:13 | consolidation they're buying and selling in that too. There's always volume |
| 1271 | 01:44:13 --> 01:44:18 | coming through the marketplace, always. And just like there's you hear these |
| 1272 | 01:44:18 --> 01:44:24 | things called dark pools, well, there is an entity of smart money trading that |
| 1273 | 01:44:24 --> 01:44:31 | they are not on the exchanges like you think they are. It's, it's something I |
| 1274 | 01:44:31 --> 01:44:35 | can't I can't point to it, and I can't talk more about it than what I just said |
| 1275 | 01:44:35 --> 01:44:39 | there. Just know that this isn't, this isn't the only circus in fam let's say |
| 1276 | 01:44:39 --> 01:44:47 | it that way, okay? And they have a best interest in controlling the outcome, and |
| 1277 | 01:44:47 --> 01:44:51 | that's pretty much all I'm gonna say about it. But you can see these things |
| 1278 | 01:44:51 --> 01:44:55 | happening every single day. If you're looking for it, you'll see it. If you've |
| 1279 | 01:44:55 --> 01:44:58 | never been introduced to it, you'll never imagine it's like this. You'll |
| 1280 | 01:44:58 --> 01:45:02 | think it's just random price. Action. Oh, well, my system didn't work today, |
| 1281 | 01:45:02 --> 01:45:05 | so I'm glad I got a good stop mind, stop management and didn't over leverage. |
| 1282 | 01:45:05 --> 01:45:08 | Because, you know, price is random. That's that's how they tell themselves. |
| 1283 | 01:45:08 --> 01:45:15 | They tell them that because it consoles their doubts about what their next |
| 1284 | 01:45:15 --> 01:45:18 | trades gonna be like. And the ones that are really good money management, they |
| 1285 | 01:45:18 --> 01:45:21 | don't care what the outcome of the next trade is, because they know, as long as |
| 1286 | 01:45:21 --> 01:45:26 | they're managing their money correctly, they could be 30% wrong. I'm sorry, 30% |
| 1287 | 01:45:26 --> 01:45:31 | right and 70% wrong in what they do and still be profitable, much like a poker |
| 1288 | 01:45:31 --> 01:45:35 | player. If you watch these professional poker players, count how many times, |
| 1289 | 01:45:36 --> 01:45:39 | keep a running tab. Get a little notepad. This is the things I used to |
| 1290 | 01:45:39 --> 01:45:44 | do. I would write down their names, and then every time they had a winning hand, |
| 1291 | 01:45:44 --> 01:45:48 | I'd put a chart, a check mark next to them, until that table was finished, and |
| 1292 | 01:45:48 --> 01:45:52 | they went to the next table. How many losing hands they have versus their |
| 1293 | 01:45:52 --> 01:45:57 | winning hands? And it's surprising. They only had very few winning hands, but |
| 1294 | 01:45:57 --> 01:46:04 | they lost most hands are folded majority of the time. Study and see. So what are |
| 1295 | 01:46:04 --> 01:46:08 | they doing? They're managing their money. They don't have control over the |
| 1296 | 01:46:08 --> 01:46:12 | cards. They don't have control of the other people's decision making. They |
| 1297 | 01:46:12 --> 01:46:17 | have control over their money. When you're training, you can flip a coin, if |
| 1298 | 01:46:17 --> 01:46:23 | it's heads, you're going to buy it tails, you're going to sell short. If |
| 1299 | 01:46:23 --> 01:46:27 | it's a Monday, you're going to only buy the morning session. If it's a Tuesday, |
| 1300 | 01:46:27 --> 01:46:31 | you're only going to buy the afternoon session. And you put these filters in, |
| 1301 | 01:46:31 --> 01:46:35 | and you never risk more than one half of 1% at the end of the year, you can be |
| 1302 | 01:46:35 --> 01:46:40 | profitable. Figure that out. Figure that out you're holding for the daily range. |
| 1303 | 01:46:40 --> 01:46:44 | By the way, that's the other part of it. It's the same mechanism that's being |
| 1304 | 01:46:44 --> 01:46:49 | seen in poker. It's the same mechanism that's done in anything that if you've |
| 1305 | 01:46:49 --> 01:46:53 | given yourself enough time for the circumstance to pan out, whereas, in |
| 1306 | 01:46:53 --> 01:46:58 | this case, the daily range creating the high or high and close on the high when |
| 1307 | 01:46:58 --> 01:47:02 | you're bullish, or low or low, and close on a low when you're bearish, if you put |
| 1308 | 01:47:02 --> 01:47:07 | yourself in those days appropriately and just hold on to it. Don't jam your stop |
| 1309 | 01:47:07 --> 01:47:13 | loss up. Try to strangle the trade. You are in a position to capture the lions |
| 1310 | 01:47:13 --> 01:47:17 | portion of the day, and you'll capitalize what the algorithm is going |
| 1311 | 01:47:17 --> 01:47:21 | to do for that daily candlestick when it books the low and a high today. I'm |
| 1312 | 01:47:21 --> 01:47:25 | telling you the times that it's going to create those instances. The low today is |
| 1313 | 01:47:25 --> 01:47:33 | in the first 60 minutes for stopping the season. The High is formed going into |
| 1314 | 01:47:33 --> 01:47:44 | 250 to 4pm on Eastern Time, okay, New York local time. So if you're bullish, |
| 1315 | 01:47:45 --> 01:47:50 | you can try to nail down the low, and you'll, you'll probably lose trying to |
| 1316 | 01:47:50 --> 01:47:53 | do that, because you're going to try to capture the very low. And every time, |
| 1317 | 01:47:53 --> 01:47:57 | you'll realize that, okay, what happens? Uh, just wait for it to actually be |
| 1318 | 01:47:57 --> 01:48:01 | there and then trade it on the next discount array. What you'll be doing is |
| 1319 | 01:48:01 --> 01:48:05 | you're going to be buying the low risk entry of the marketing reply model. |
| 1320 | 01:48:07 --> 01:48:11 | Yeah. So let's smart money. Have that Smart Money reversal. I'll be down |
| 1321 | 01:48:11 --> 01:48:16 | there. But when you see that next fair value gap or institutional order flow, |
| 1322 | 01:48:16 --> 01:48:19 | entry drill or inversion, fair value got the trade off of or order block bullish |
| 1323 | 01:48:19 --> 01:48:24 | one, that could be your entry mechanism for the low risk entry. And you ride it |
| 1324 | 01:48:24 --> 01:48:28 | all the way back up to the initial high today, and then you anticipate an |
| 1325 | 01:48:28 --> 01:48:31 | explosion where price goes up higher, because they're going to want to weave |
| 1326 | 01:48:31 --> 01:48:36 | that Judas swing area as fast as they can. And it's going to a lot of ground |
| 1327 | 01:48:36 --> 01:48:40 | will be made there, and people will chase it all in that big buy time and |
| 1328 | 01:48:40 --> 01:48:44 | balance outside efficient that will form then, and that's where the lunch macro |
| 1329 | 01:48:44 --> 01:48:48 | will retrace back down inside that and stop those individuals out. And they'll |
| 1330 | 01:48:48 --> 01:48:52 | accumulate more lungs that they'll ride through the pm session of the day, and |
| 1331 | 01:48:52 --> 01:48:57 | they'll get out at the height of day, forming between 250 and 4pm Eastern |
| 1332 | 01:48:57 --> 01:49:02 | Time. Folks, that is your real Campbell range theory. That's the real power of |
| 1333 | 01:49:02 --> 01:49:06 | three. That's the real ICT. Okay, that's the algorithm. That's what the algorithm |
| 1334 | 01:49:06 --> 01:49:09 | fucking does. That's what it's coded to do. Anything other than that, it's |
| 1335 | 01:49:09 --> 01:49:13 | manually intervened. It's as simple as that. It's four to six times a month, |
| 1336 | 01:49:14 --> 01:49:17 | both buy and sell. Don't take my word for it. Go through the fucking charts |
| 1337 | 01:49:17 --> 01:49:22 | and you'll see it. So the reason why you lose, I'm |
| 1338 | 01:49:25 --> 01:49:30 | gonna say this in closing, the reason why you lose is because you're not aware |
| 1339 | 01:49:30 --> 01:49:33 | of these things happening. You have no awareness that there is an algorithm |
| 1340 | 01:49:33 --> 01:49:36 | that delivers price. You have no awareness that the market is going to do |
| 1341 | 01:49:36 --> 01:49:41 | something that's predetermined and it's scripted, and you get tricked by speedy |
| 1342 | 01:49:41 --> 01:49:46 | little price runs to take off, and it's exactly why they do it. They're |
| 1343 | 01:49:46 --> 01:49:53 | engineered, they're scheduled. They're scripted to see you get enticed to chase |
| 1344 | 01:49:53 --> 01:49:56 | something or change your mind about something you might be right about. |
| 1345 | 01:49:58 --> 01:50:02 | That's why when you're bowling. Sometimes, and the markets rallied up, |
| 1346 | 01:50:02 --> 01:50:05 | and it creates a buy side of balance, outside efficiency. And then you see it |
| 1347 | 01:50:05 --> 01:50:12 | drop down real fast, and it gets real close to where you entered at, because |
| 1348 | 01:50:12 --> 01:50:16 | you don't know what the algorithm is doing. You get scared, and you close it |
| 1349 | 01:50:16 --> 01:50:19 | out thinking, I don't want to lose on the trade. I should have got out the |
| 1350 | 01:50:19 --> 01:50:23 | high when, before it retraced. But I gotta get out of this, because I think |
| 1351 | 01:50:23 --> 01:50:26 | I'm wrong. It's going to stop me out. It's going to be one of those instances |
| 1352 | 01:50:26 --> 01:50:30 | where it sees my stop and it's going to get me and you contrast that with what I |
| 1353 | 01:50:30 --> 01:50:35 | showed you in my trans transactions. I'm recording it. I have a stop loss, and |
| 1354 | 01:50:35 --> 01:50:40 | Ivan nowhere near afraid of where it's going to go, and it'll get real close to |
| 1355 | 01:50:40 --> 01:50:44 | my stop, and I think of a sometimes I'm adding to my position right then and |
| 1356 | 01:50:44 --> 01:50:50 | there. Think about that. Think about that. What's different about that I know |
| 1357 | 01:50:50 --> 01:50:55 | something that you don't know, and what I'm what I know, I'm teaching you. I'm |
| 1358 | 01:50:55 --> 01:50:59 | not I don't put a price tag on it. I'm not selling it to you. I'm not enticing |
| 1359 | 01:50:59 --> 01:51:02 | you buy books because I'm telling you don't buy them. What's going to happen |
| 1360 | 01:51:02 --> 01:51:06 | is this, I'm going to publish the book. People in third world nations are going |
| 1361 | 01:51:06 --> 01:51:09 | to take the book and they're going to scan it into a PDF file, and in three |
| 1362 | 01:51:09 --> 01:51:13 | days, it's going to be all over the internet. I'm not selling books to make |
| 1363 | 01:51:13 --> 01:51:18 | money. I'm putting books in print just because I want the ISBN number |
| 1364 | 01:51:18 --> 01:51:22 | associated to me when I release all the information about the things I want to |
| 1365 | 01:51:22 --> 01:51:25 | teach, everybody will go to that book, whether they get it from a pirated |
| 1366 | 01:51:25 --> 01:51:28 | version off a fucking telegram and a PDF format. I don't give a fuck about it. |
| 1367 | 01:51:29 --> 01:51:32 | I'm not trying to make money on books. Nobody makes money, but buying books or |
| 1368 | 01:51:32 --> 01:51:37 | selling books, rather, the margins too low, and it's not if I want to make |
| 1369 | 01:51:37 --> 01:51:41 | money, I'll just simply fucking make money. Okay, I can go out there and |
| 1370 | 01:51:41 --> 01:51:45 | press the button make more money if I want to have easy, fast money with no |
| 1371 | 01:51:45 --> 01:51:48 | effort at all. I just put a mentorship out there. I'm not doing that either. So |
| 1372 | 01:51:48 --> 01:51:52 | what am I doing? I'm teaching you because I like teaching you. Think I |
| 1373 | 01:51:52 --> 01:51:56 | can't make millions of dollars putting another PayPal link up there. I can do |
| 1374 | 01:51:56 --> 01:52:00 | that at any minute. I can do that. I don't want to do that. That means I'm |
| 1375 | 01:52:00 --> 01:52:03 | obligated to another group of people to think that they own me because they paid |
| 1376 | 01:52:03 --> 01:52:09 | for some time you don't own me. I like teaching. I like transforming |
| 1377 | 01:52:09 --> 01:52:13 | individuals and giving them the empowerment to transform their entire |
| 1378 | 01:52:13 --> 01:52:19 | future legacy and their family tree. And you can do these things. They can't hide |
| 1379 | 01:52:19 --> 01:52:24 | it from you, folks. They can't. I'm trying to explain this to you. They |
| 1380 | 01:52:24 --> 01:52:28 | cannot hide it from you. But if you don't understand it, you can be tricked |
| 1381 | 01:52:28 --> 01:52:33 | by the things that you don't know. You get trapped in price. I don't fucking |
| 1382 | 01:52:33 --> 01:52:38 | get trapped. There's no Smart Money traps. Smart Money does the trapping? |
| 1383 | 01:52:39 --> 01:52:42 | You're not trapping Smart Money traders. You don't even know as a Smart Money |
| 1384 | 01:52:42 --> 01:52:48 | trader, is that's you get when you get people teaching leaked content, lying |
| 1385 | 01:52:48 --> 01:52:55 | and defrauding people, they make up bullshit like CRT. All this second hand |
| 1386 | 01:52:55 --> 01:52:59 | mentorship, watered down has all come from me, and they don't even know how to |
| 1387 | 01:52:59 --> 01:53:03 | do it, right? That's why the 2024 mentorship is being live streamed that |
| 1388 | 01:53:03 --> 01:53:06 | way. Nobody can talk shit and say it's, oh, he picked the right one. He's cherry |
| 1389 | 01:53:06 --> 01:53:10 | picking. Notice they ain't saying any that anymore. They got nothing to say |
| 1390 | 01:53:10 --> 01:53:17 | now, and they're gonna find something always that the gripe about, instead of |
| 1391 | 01:53:17 --> 01:53:21 | saying, I'm gonna take this energy like some of the shoals I've had in the past, |
| 1392 | 01:53:22 --> 01:53:27 | and just, I'm gonna dive into this. I'm gonna prove him wrong. Use that energy, |
| 1393 | 01:53:27 --> 01:53:31 | go into it with that intent, that you're gonna prove what I'm teaching is wrong. |
| 1394 | 01:53:31 --> 01:53:36 | Let that be your fucking superpower, to go you're doing it. That's it, baby. And |
| 1395 | 01:53:36 --> 01:53:41 | watch what happens. Just watch and you're gonna see it's an uncomfortable |
| 1396 | 01:53:41 --> 01:53:46 | feeling when it hits you. The whole time I've been telling the truth the whole |
| 1397 | 01:53:46 --> 01:53:53 | time, and all that time you wasted. You're wasting it. Why? It costs you |
| 1398 | 01:53:53 --> 01:53:58 | nothing, man, it just goes to show you, I said it in mentorship. 2022, I'm |
| 1399 | 01:53:58 --> 01:54:04 | sorry. 20, 2016 2016 either I said I could literally teach this stuff on the |
| 1400 | 01:54:04 --> 01:54:10 | front page of the USA Today newspaper, and they would largely go ignored, |
| 1401 | 01:54:13 --> 01:54:19 | because people just we're weird creatures. We want something easy, and |
| 1402 | 01:54:19 --> 01:54:25 | we want to say something that we did like we did. I figured it out. I did |
| 1403 | 01:54:25 --> 01:54:29 | this, I did that. And a lot of my students that are male are after |
| 1404 | 01:54:29 --> 01:54:34 | actively trying to distance themselves because they want to look like they |
| 1405 | 01:54:34 --> 01:54:37 | created something, and the only thing they did was create a new name. It's my |
| 1406 | 01:54:37 --> 01:54:42 | stuff. I get accused like the Democrats tell the world that the other side does |
| 1407 | 01:54:42 --> 01:54:45 | this and does that, and they're guilty of it. They're doing the very things |
| 1408 | 01:54:45 --> 01:54:49 | they're accusing their opposition of doing. I didn't rebrand shit. I'm the |
| 1409 | 01:54:49 --> 01:54:53 | originator of all this stuff. I'm out here demonstrating it, and there's |
| 1410 | 01:54:53 --> 01:54:56 | nobody else out here doing it either. They're not demonstrating it. They're |
| 1411 | 01:54:56 --> 01:54:59 | not they're not teaching the new content and showing you how it's going to work. |
| 1412 | 01:54:59 --> 01:55:04 | And then at the. Is that's, these are all mine. These are all my things. And a |
| 1413 | 01:55:04 --> 01:55:07 | lot of my students that are male want to be like that, and they want to emulate |
| 1414 | 01:55:07 --> 01:55:11 | me by time saying they created something new, or they'll send me tweets and I |
| 1415 | 01:55:11 --> 01:55:13 | figured out something that you don't know. Listen, you don't even have a fuck |
| 1416 | 01:55:13 --> 01:55:18 | I know. So stop that stuff. I don't even want to know what you think you know. I |
| 1417 | 01:55:18 --> 01:55:23 | don't need to know anything more. I know the market I know the fucking source |
| 1418 | 01:55:23 --> 01:55:25 | code you're talking to me about what I don't know. Get the fuck out of here. |
| 1419 | 01:55:25 --> 01:55:35 | It's silly, like, seriously talking to you. It's just nuts. But market making |
| 1420 | 01:55:35 --> 01:55:40 | used to be a group of men that would get together and they would control and how |
| 1421 | 01:55:40 --> 01:55:43 | would they do that? For the ones that were asking, how'd they do that? If it |
| 1422 | 01:55:43 --> 01:55:46 | was before electronic and it wasn't, how are they doing it? They would put orders |
| 1423 | 01:55:46 --> 01:55:52 | in the marketplace. One group of the men across the table, they would have an |
| 1424 | 01:55:52 --> 01:55:55 | interest in buying, and the other one would have an interest in selling, |
| 1425 | 01:55:55 --> 01:55:58 | knowing that the market would book that price mark to market, and then it would |
| 1426 | 01:55:58 --> 01:56:02 | reflect in the price action. So if they went at the higher high of the day to be |
| 1427 | 01:56:02 --> 01:56:08 | met, they would have an order to buy an X amount of whatever it is, shares, |
| 1428 | 01:56:08 --> 01:56:13 | contracts, whatnot, and they would cause that transaction to happen. And they |
| 1429 | 01:56:13 --> 01:56:17 | would just keep doing that, and they would offer constantly higher prices. |
| 1430 | 01:56:17 --> 01:56:21 | And if they weren't getting the order flow, that would come by natural process |
| 1431 | 01:56:21 --> 01:56:27 | of buying by the floor or other institutions or the public that would be |
| 1432 | 01:56:27 --> 01:56:31 | investing in that they would create that mark to market booking a price that |
| 1433 | 01:56:31 --> 01:56:34 | keeps going higher. So they would artificially create these buy programs |
| 1434 | 01:56:34 --> 01:56:39 | and sell programs. But it's not efficient. I mean, whatever you have a |
| 1435 | 01:56:39 --> 01:56:44 | human element involved. It's not efficient. So sometimes it would not be |
| 1436 | 01:56:44 --> 01:56:48 | as efficient as they would want to be. And then you have the age of electronic |
| 1437 | 01:56:48 --> 01:56:56 | trading, which I was privileged to be a part of, where I was doing the hand |
| 1438 | 01:56:56 --> 01:57:00 | drawing Charts, where I actually had to draw my charts out. I would put the |
| 1439 | 01:57:00 --> 01:57:04 | little opening price tick on the chart a paper chart book, and then draw it down |
| 1440 | 01:57:04 --> 01:57:08 | to the low and up to the high. And then I would do the little right tick to the |
| 1441 | 01:57:08 --> 01:57:11 | right for my Open, High, Low, Close. And that would be what I would do. I had to |
| 1442 | 01:57:11 --> 01:57:17 | do that four times a week, because the orders that I'll have for new books of |
| 1443 | 01:57:17 --> 01:57:21 | charts that would be delivered weekly, they would give you how the week |
| 1444 | 01:57:21 --> 01:57:25 | settled. So it would give you Friday's trading. They would print, then deliver |
| 1445 | 01:57:25 --> 01:57:32 | it to you, and then on Monday, you would start doing, you know, the whole drawing |
| 1446 | 01:57:32 --> 01:57:35 | of your charts. And I would never have to do my Friday because the next chart |
| 1447 | 01:57:35 --> 01:57:39 | book that would be delivered to me by mail would be showing Fridays open, |
| 1448 | 01:57:39 --> 01:57:42 | high, lows closed for the markets I would trade with. And the markets I was |
| 1449 | 01:57:42 --> 01:57:48 | trading back then were the meats, currency futures, bond futures. And it's |
| 1450 | 01:57:48 --> 01:57:52 | a little tedious when you have to draw your own individual Open, High, Low, |
| 1451 | 01:57:52 --> 01:57:56 | Close bar. It's we didn't have any alternative back then. I mean, it's just |
| 1452 | 01:57:56 --> 01:58:00 | the way you did it. And then they created software programs like super |
| 1453 | 01:58:00 --> 01:58:05 | charts TradeStation, meta stock, which is what that was my favorite. I liked |
| 1454 | 01:58:05 --> 01:58:05 | meta stock. |
| 1455 | 01:58:07 --> 01:58:12 | I think it was Equus was the producer of it, but the I love that platform, that |
| 1456 | 01:58:12 --> 01:58:16 | was my favorite platform, and I used end of day data, and I would plot hourly |
| 1457 | 01:58:16 --> 01:58:20 | charts with the daily chart and a weekly chart, and I would just simply use a 50 |
| 1458 | 01:58:20 --> 01:58:24 | day moving average, and if it was sloping up, I was bullish, and if it |
| 1459 | 01:58:24 --> 01:58:29 | wasn't sloping up, I wouldn't trade it. I would wait for another market to trade |
| 1460 | 01:58:29 --> 01:58:35 | that would give that indication. And I would use a 60 minute or hourly chart |
| 1461 | 01:58:36 --> 01:58:40 | when it would go oversold. And it would either give me a type two trend filing |
| 1462 | 01:58:40 --> 01:58:44 | divergence, which is called a hidden divergence today. Nick Van Nuys was the |
| 1463 | 01:58:44 --> 01:58:49 | guy that introduced that worried classic type one bullish divergence, where you |
| 1464 | 01:58:49 --> 01:58:55 | have a low, a lower low in price, but a higher low in the stochastic that was my |
| 1465 | 01:58:55 --> 01:58:59 | model back in the 90s. So whenever I made money, if the market was going to |
| 1466 | 01:58:59 --> 01:59:06 | go up, that's when my system worked. But it didn't work a lot. It lost a lot, |
| 1467 | 01:59:06 --> 01:59:09 | because the markets were not always going up, and I didn't know how to time |
| 1468 | 01:59:09 --> 01:59:12 | the market going up. I just looked at the indicators to tell me when it should |
| 1469 | 01:59:12 --> 01:59:17 | go up, and I got my identity over and over and over again, trusting indicators |
| 1470 | 01:59:17 --> 01:59:22 | and never referring to price, never referring to it. The only time I cared |
| 1471 | 01:59:22 --> 01:59:25 | about the prices, what price I need to say to my broker when I had to |
| 1472 | 01:59:25 --> 01:59:30 | physically call them to tell them what I wanted to buy at because that was it. |
| 1473 | 01:59:30 --> 01:59:34 | And the only selling I did initially was to if I use a stop loss at all, this is |
| 1474 | 01:59:34 --> 01:59:40 | where I want to put my cell. Stop sell was a rare thing in in the 90s for me, |
| 1475 | 01:59:40 --> 01:59:43 | when I first started, because I didn't know much, and I was already trying to |
| 1476 | 01:59:43 --> 01:59:47 | do something I wasn't equipped to do, trying to trade with money that I |
| 1477 | 01:59:47 --> 01:59:52 | couldn't afford to lose. I was borrowing it off of credit cards, of all places. |
| 1478 | 01:59:52 --> 01:59:57 | That's That's how rushed I was. So when I when I am critical on all of you, and |
| 1479 | 01:59:57 --> 02:00:01 | I yell at you, basically telling you're stupid for doing this dumb. It. I'm the |
| 1480 | 02:00:01 --> 02:00:04 | leader of that line, man, like, if that's a Congo line, I was leading it |
| 1481 | 02:00:04 --> 02:00:12 | because I was borrowing credit card money. But that's dumb. It's bad, it |
| 1482 | 02:00:12 --> 02:00:15 | that's a bad decision, but that's how panicked I was to get out of the |
| 1483 | 02:00:15 --> 02:00:18 | situation I was in. I was willing to take a cash advance off of a credit |
| 1484 | 02:00:18 --> 02:00:26 | card, nations bank, credit card, that's what it was. And I blew it because I was |
| 1485 | 02:00:26 --> 02:00:29 | trying to do the things that many of you are trying to do, and you think you're |
| 1486 | 02:00:29 --> 02:00:34 | going to be the exempt. You're not. It's not going to happen to you. Versus |
| 1487 | 02:00:34 --> 02:00:38 | saying, Okay, Michael says, to look at the market like this. I'm going to spend |
| 1488 | 02:00:38 --> 02:00:42 | the next weeks and months looking at like this until I get comfortable with |
| 1489 | 02:00:42 --> 02:00:45 | seeing and recognizing it. Then when I get comfortable seeing it recognizing |
| 1490 | 02:00:45 --> 02:00:50 | it, then I'm going to start demonstrating setups that I've been tape |
| 1491 | 02:00:50 --> 02:00:57 | reading. And then after I do that for a minimum of two months, minimum, if you |
| 1492 | 02:00:57 --> 02:01:02 | can't give yourself and me as a mentor, two months of paper trading that way, |
| 1493 | 02:01:02 --> 02:01:07 | you're proving that you're consistently trying to use the same stuff. You're |
| 1494 | 02:01:07 --> 02:01:09 | going to lose. You're going to have losing trades. There's nothing wrong |
| 1495 | 02:01:09 --> 02:01:14 | with that, but you should be using the lowest leverage. That means using one |
| 1496 | 02:01:14 --> 02:01:19 | micro lot if you're trading index futures. Let that be your benchmark. And |
| 1497 | 02:01:20 --> 02:01:25 | if you're consistently able to trade with that for two months, then at the |
| 1498 | 02:01:25 --> 02:01:31 | very, very, very minimum, I think you could entertain, not that you should, |
| 1499 | 02:01:31 --> 02:01:35 | but you could entertain the idea of going after a combine challenge, because |
| 1500 | 02:01:35 --> 02:01:39 | you're only risking what you paid in but you should not trade with real money |
| 1501 | 02:01:39 --> 02:01:46 | yet, if you can't get a combine passed and grow that account to fund it with |
| 1502 | 02:01:46 --> 02:01:51 | one micro you're not trying to rush to get a lot of money. You're going to be |
| 1503 | 02:01:51 --> 02:01:56 | surprised how it feels when you when you have this monetary reward or punishment |
| 1504 | 02:01:56 --> 02:02:00 | if you do it wrong, that's why you want to get bored with doing it correctly in |
| 1505 | 02:02:00 --> 02:02:05 | the beginning. That's all part of the documentation stage of your development. |
| 1506 | 02:02:05 --> 02:02:09 | This is all the things that you're gonna have as a baseline and foundation. This |
| 1507 | 02:02:09 --> 02:02:12 | is what you worked with to start from. And if you don't record all that, you |
| 1508 | 02:02:13 --> 02:02:16 | won't be able to measure your advancement in your understanding on |
| 1509 | 02:02:16 --> 02:02:21 | your progress, and you will feel so much better a year later, 12 months from the |
| 1510 | 02:02:21 --> 02:02:25 | time you start, and 12 months later, and you look back at what you journaled and |
| 1511 | 02:02:25 --> 02:02:29 | how you thought about price in the silly little times that you were worrying |
| 1512 | 02:02:29 --> 02:02:32 | about things that were not even all that impactful, and all the energy and the |
| 1513 | 02:02:32 --> 02:02:37 | time that you wasted worrying about the things are not even important that that |
| 1514 | 02:02:37 --> 02:02:41 | could have been used to focus on the positive stuff and how you think about |
| 1515 | 02:02:41 --> 02:02:45 | price back then versus how you think about it 12 months later, you're a new |
| 1516 | 02:02:45 --> 02:02:53 | person. You'll be confident, you'll be detail oriented, you won't be in a rush |
| 1517 | 02:02:53 --> 02:02:56 | to get into a trade, and you'll feel comfortable if you want to take a day |
| 1518 | 02:02:56 --> 02:02:59 | off to do something and not trade, you're not missing anything. That's the |
| 1519 | 02:02:59 --> 02:03:05 | wonderful feeling like, I don't ever feel like, Oh, I missed the move, man. I |
| 1520 | 02:03:05 --> 02:03:09 | wish I would have no you don't ever even talk like that. You never hear me talk |
| 1521 | 02:03:09 --> 02:03:14 | that way. Because I know what I can do every single day, and I know when the |
| 1522 | 02:03:14 --> 02:03:17 | big days are coming. I know when the big runs are going to occur higher and |
| 1523 | 02:03:17 --> 02:03:21 | lower. I know all those things. So because I know them, I know they're not |
| 1524 | 02:03:21 --> 02:03:24 | an everyday instance where you don't know when they're gonna occur. So you |
| 1525 | 02:03:24 --> 02:03:27 | naturally assume what every day could potentially be one of those big days. |
| 1526 | 02:03:29 --> 02:03:33 | Think about it's true, isn't it? That's exactly how you think right now about |
| 1527 | 02:03:33 --> 02:03:40 | price. You never know when that big day is gonna come. I do. And if you don't |
| 1528 | 02:03:41 --> 02:03:46 | get control of yourself and start giving yourself realistic expectations and |
| 1529 | 02:03:46 --> 02:03:50 | living in those not trying to be an Olympic feat type trader, where you're |
| 1530 | 02:03:50 --> 02:03:54 | trying to do the impossible all the time, some of you young men are trying |
| 1531 | 02:03:54 --> 02:03:58 | to impress me with what you think you figured out, instead of to show me what |
| 1532 | 02:03:58 --> 02:04:01 | you've learned and learned it correctly. That's what would impress me. You, I |
| 1533 | 02:04:02 --> 02:04:06 | think what you're trying to do is you're trying to distract and lie to me and lie |
| 1534 | 02:04:06 --> 02:04:10 | to yourself and anybody else reading your tweets that you are doing far |
| 1535 | 02:04:10 --> 02:04:14 | better than you actually really are. And I mean that with love. I'm not trying to |
| 1536 | 02:04:14 --> 02:04:19 | be, you know, derogatory or try to talk you down. I'm telling you, there's only |
| 1537 | 02:04:19 --> 02:04:23 | a few of you to do it, but I'm quite certain you're doing that because you're |
| 1538 | 02:04:23 --> 02:04:27 | compensating for something. So instead of telling me what you think you |
| 1539 | 02:04:27 --> 02:04:30 | discovered, show me what you've been doing with what you learned. And if |
| 1540 | 02:04:30 --> 02:04:33 | you're not consistently able to do that, I'm not impressed with anything else. |
| 1541 | 02:04:33 --> 02:04:36 | That means you haven't done the work. That means you haven't been putting |
| 1542 | 02:04:36 --> 02:04:40 | yourself in front of the charts, tape, reading, studying, back, testing, and |
| 1543 | 02:04:40 --> 02:04:44 | then never making it to the point where you could be demo trading with a |
| 1544 | 02:04:44 --> 02:04:49 | purpose, not just guessing like you should if you're if you're going to |
| 1545 | 02:04:49 --> 02:04:54 | employ a demo account, you should be at least comfortable with knowing that |
| 1546 | 02:04:54 --> 02:04:57 | you're not rushing to get into something just to prove something it's going to be |
| 1547 | 02:04:57 --> 02:05:01 | I am doing this because I see the setup. See where the risk is, I see where the |
| 1548 | 02:05:01 --> 02:05:07 | profit is. The range is affording me enough to mark the risk. And it's at the |
| 1549 | 02:05:07 --> 02:05:11 | time day where it should behave this way. So I'm going to engage it and trade |
| 1550 | 02:05:11 --> 02:05:15 | it based on those rules, and then take it down, and then journal all up, mark |
| 1551 | 02:05:15 --> 02:05:21 | it up and document it and put it in your journal next next day. You keep doing it |
| 1552 | 02:05:21 --> 02:05:27 | minimum if you can't. Give me two months like that, stop listening to me. Stop |
| 1553 | 02:05:27 --> 02:05:31 | watching my videos. Go listen to somebody else. Go listen to someone |
| 1554 | 02:05:31 --> 02:05:35 | else. Tickle your ears and and give you all the little buttery little comments. |
| 1555 | 02:05:35 --> 02:05:39 | And never learn anything. And then come back when you lose your ass, because |
| 1556 | 02:05:39 --> 02:05:42 | you'll be better equipped to do it the right way. Because if you can't do this, |
| 1557 | 02:05:42 --> 02:05:47 | I promise you this, you are not going to get what you think you should get real |
| 1558 | 02:05:47 --> 02:05:51 | quick. You want it real fast. Ain't going to happen real fast. And the |
| 1559 | 02:05:51 --> 02:05:54 | faster you want it, the longer it's going to take. So just submit to the |
| 1560 | 02:05:54 --> 02:05:59 | right now. Day of this is what I have to do. I have to study price like this. I |
| 1561 | 02:05:59 --> 02:06:02 | believe that there's an algorithm. I believe that it's going to behave this |
| 1562 | 02:06:02 --> 02:06:07 | way based on time. And now I'm going to go in looking for that it isn't if it |
| 1563 | 02:06:07 --> 02:06:10 | isn't occurring like that, if I don't see it happening, then I can quickly |
| 1564 | 02:06:10 --> 02:06:13 | ascertain that this guy's talking on his ass. There is an algorithm. So therefore |
| 1565 | 02:06:13 --> 02:06:16 | he's a fraud, and I shouldn't waste any more time with him. There you go. That's |
| 1566 | 02:06:16 --> 02:06:21 | the litmus test. It costs you no money to get that and don't take anybody |
| 1567 | 02:06:21 --> 02:06:24 | else's opinion for it. Don't take anybody else's tweet. Don't take anybody |
| 1568 | 02:06:24 --> 02:06:32 | else's bullshit wise, any kind of video garbage. You do it. You do it yourself, |
| 1569 | 02:06:32 --> 02:06:36 | and you will see what I've said is the truth. Nobody has gone through that |
| 1570 | 02:06:36 --> 02:06:39 | process and came forward and said, This is fake. This is false. It doesn't |
| 1571 | 02:06:39 --> 02:06:43 | happen this way, Bobby, I've never done it. It's never done it like that, and |
| 1572 | 02:06:44 --> 02:06:47 | that's why I always encourage every single person that comes to me that |
| 1573 | 02:06:47 --> 02:06:51 | don't take my word for it, don't believe what I say, go into the charts and see |
| 1574 | 02:06:51 --> 02:06:56 | what I'm telling you is there or not. I'm convinced that once you see it, you |
| 1575 | 02:06:56 --> 02:06:59 | may not like me. You may not come down on social media and say, hey, look, you |
| 1576 | 02:06:59 --> 02:07:03 | know you were right, or I was wrong, or anything like that, but you're going to |
| 1577 | 02:07:03 --> 02:07:06 | start digging into it more, and it's going to make you a better trader, and |
| 1578 | 02:07:06 --> 02:07:10 | it's going to help you not lose so much money. If that's if that's all I get out |
| 1579 | 02:07:10 --> 02:07:16 | of this interaction between us, that's a win for me, because I don't want to see |
| 1580 | 02:07:16 --> 02:07:20 | you guys hurt yourself, and so I hurt myself a lot, and it messes you all up |
| 1581 | 02:07:20 --> 02:07:28 | mentally. It makes you just it's hard to to live with some of the mistakes you |
| 1582 | 02:07:28 --> 02:07:32 | can do to yourself, financially and emotionally and psychologically. I would |
| 1583 | 02:07:32 --> 02:07:36 | be so much better as a trader and as a person if I would have had someone like |
| 1584 | 02:07:36 --> 02:07:41 | I'm trying to be for you. If I had that, I'm convinced that I wouldn't have hurt |
| 1585 | 02:07:41 --> 02:07:45 | myself as bad as I did. I would have learned better. I would have learned |
| 1586 | 02:07:46 --> 02:07:50 | faster. Not that that's a good thing, but I would have known what to do |
| 1587 | 02:07:50 --> 02:07:55 | sooner, without going through all the trial and error of hurting myself, of |
| 1588 | 02:07:55 --> 02:07:59 | trying to talk myself into bad things and convincing myself of, you know, it |
| 1589 | 02:07:59 --> 02:08:01 | being the right stuff when it was all the wrong stuff. |
| 1590 | 02:08:03 --> 02:08:07 | So you have a market that is absolutely controlled. It should not bother you. It |
| 1591 | 02:08:07 --> 02:08:11 | should be encouragement, because if they controlling it, that means these things |
| 1592 | 02:08:11 --> 02:08:15 | that you're looking for are going to constantly repeat, and if they can |
| 1593 | 02:08:15 --> 02:08:18 | constantly repeat that, it means you have a reoccurring condition that |
| 1594 | 02:08:18 --> 02:08:26 | affords you a setup that can be framed with risk and potential profit, that |
| 1595 | 02:08:26 --> 02:08:31 | should encourage you use your thought process right now, if you have something |
| 1596 | 02:08:31 --> 02:08:37 | that you've been trading with before coming to me, can you tell me if it's |
| 1597 | 02:08:37 --> 02:08:42 | going to be the morning session or the afternoon session or the afternoon |
| 1598 | 02:08:42 --> 02:08:46 | session that your trade's going to form in with your school of thought and what |
| 1599 | 02:08:46 --> 02:08:50 | time it's going to form. Because if you don't know that, you're not in the same |
| 1600 | 02:08:50 --> 02:08:58 | playing field, you're not even in the same zip code as me, if you can't tell |
| 1601 | 02:08:58 --> 02:09:07 | me, if you know where the market's going to go, higher or lower, more than 300 |
| 1602 | 02:09:07 --> 02:09:14 | handles up or down, you're not on the same playing field as me. If you don't |
| 1603 | 02:09:14 --> 02:09:19 | know how to add to a winning position that every point that would be an |
| 1604 | 02:09:19 --> 02:09:22 | individual entry point as well. None of the previous ones were used, and they'd |
| 1605 | 02:09:22 --> 02:09:28 | still be profitable. You're not on the same playing field as me. If you don't |
| 1606 | 02:09:28 --> 02:09:30 | know how to see where the high of the low the day is going to form before the |
| 1607 | 02:09:30 --> 02:09:40 | day starts trading, you're not on the same playing field as me. All of you |
| 1608 | 02:09:41 --> 02:09:44 | have opportunities to improve on some of you have a whole lot more opportunity, |
| 1609 | 02:09:44 --> 02:09:49 | because you have next to nothing in terms of understanding others. You have |
| 1610 | 02:09:49 --> 02:09:52 | these things that you've held on to, and because you probably have made a little |
| 1611 | 02:09:52 --> 02:09:59 | bit of money in the past, you think, and you married the vein thinking that this |
| 1612 | 02:09:59 --> 02:10:02 | is the panacea. All in, though, and it beats everything else, because you've |
| 1613 | 02:10:02 --> 02:10:05 | made a little bit of money with it, but you're not so confident with it that |
| 1614 | 02:10:05 --> 02:10:10 | you're going to go out there and say, let's see what mine does against yours. |
| 1615 | 02:10:10 --> 02:10:15 | And I've only done that not to be a dick, not to be a troublemaker. Well, |
| 1616 | 02:10:15 --> 02:10:20 | maybe I did do that to be a troublemaker. It's not meant to be |
| 1617 | 02:10:20 --> 02:10:25 | vicious. It's to open the eyes of everyone else, because teams exist in |
| 1618 | 02:10:25 --> 02:10:33 | trading, tribes exist in trading, and some of you like to make it. ICT, tribe |
| 1619 | 02:10:33 --> 02:10:39 | you know, or team. ICT, each one of you are is a one man army. I don't need any |
| 1620 | 02:10:39 --> 02:10:46 | people to defend me. I don't want you doing that. And I have created these |
| 1621 | 02:10:46 --> 02:10:51 | scenarios where people can step forward and present what they what they believe |
| 1622 | 02:10:51 --> 02:10:57 | is good in the marketplace versus what I'm telling you improving, and nothing's |
| 1623 | 02:10:57 --> 02:11:02 | going to come close. The reason why that doesn't happen is largely because they |
| 1624 | 02:11:02 --> 02:11:08 | don't have a trade well, so they don't want to showcase that two when I do |
| 1625 | 02:11:08 --> 02:11:12 | outshine that and prove that this is a superior perspective on the market. It's |
| 1626 | 02:11:12 --> 02:11:16 | going to mar them for life. It's going to hurt them. And they're trying to |
| 1627 | 02:11:16 --> 02:11:19 | spare themselves of that, just like in the beginning, when you do all the wrong |
| 1628 | 02:11:19 --> 02:11:22 | things, when you're watching pricing and possibly say, oh, it's going to go up |
| 1629 | 02:11:22 --> 02:11:26 | from here, and it doesn't you just quickly discount it. It's the same thing |
| 1630 | 02:11:26 --> 02:11:29 | they're putting blinders on. And that's that's unfortunate, because you're |
| 1631 | 02:11:29 --> 02:11:33 | holding yourself back. All of you, even if you are making money, you could be |
| 1632 | 02:11:33 --> 02:11:39 | making so much more money easier by knowing what's going to hurt you. How is |
| 1633 | 02:11:39 --> 02:11:44 | this market going to violate the people that don't know these things. That's the |
| 1634 | 02:11:44 --> 02:11:48 | benefit of learning from me. It doesn't matter if you use my concepts entirely, |
| 1635 | 02:11:48 --> 02:11:53 | but if you understand how the market books price, if you can recognize what |
| 1636 | 02:11:53 --> 02:11:57 | I'm suggesting when the market should go higher or lower, and your stuff agrees |
| 1637 | 02:11:57 --> 02:12:02 | at the same time, you can trust your system, then I mean that wholehearted. |
| 1638 | 02:12:02 --> 02:12:06 | I'm not trying to be funny, I'm not trying to be rude, I'm not trying to be |
| 1639 | 02:12:06 --> 02:12:11 | narcissistic or arrogant. I mean that wholeheartedly. If you can learn enough |
| 1640 | 02:12:11 --> 02:12:16 | about what I'm teaching about price, if you can see both agreeing at the same |
| 1641 | 02:12:16 --> 02:12:21 | time, in my opinion, you can, you can trust your stuff then, because that's |
| 1642 | 02:12:21 --> 02:12:25 | when your retail stuff's going to work, when it's in alignment with and it's |
| 1643 | 02:12:25 --> 02:12:29 | going to be few instances of that happening. But when it does happen, your |
| 1644 | 02:12:29 --> 02:12:33 | stuff will work, because it's based on how the market's going to book price |
| 1645 | 02:12:33 --> 02:12:36 | regardless, regardless of Gan supposedly said it's going to go up, regardless of |
| 1646 | 02:12:36 --> 02:12:41 | the elite way stuff supposedly it's going to cost to go higher. Anything out |
| 1647 | 02:12:41 --> 02:12:46 | there, any school of thought, like off whatever. If any of those things are |
| 1648 | 02:12:46 --> 02:12:50 | applied and they agree with what I'm teaching, how the price is going to |
| 1649 | 02:12:50 --> 02:12:53 | deliver, then that's the times it's going to work. How do I know that? |
| 1650 | 02:12:53 --> 02:12:56 | Because that's exactly what I did with my journals. I went back and looked at |
| 1651 | 02:12:56 --> 02:13:01 | all the times that I was losing, and every single, not a few times. Every |
| 1652 | 02:13:01 --> 02:13:07 | single losing trade I took in the 90s as a 20 year old was against this logic, |
| 1653 | 02:13:08 --> 02:13:15 | and it's shocking. It's like, what the hell I had no chance. I had zero chance. |
| 1654 | 02:13:15 --> 02:13:20 | And then you wonder, why some of you, most of you, when you first start trying |
| 1655 | 02:13:20 --> 02:13:23 | to trade, it feels like it's impossible. Like, nobody can win this. Like, how can |
| 1656 | 02:13:23 --> 02:13:27 | anybody win? And then you see me out there executing this was like, what the |
| 1657 | 02:13:27 --> 02:13:30 | hell this guy has got to have daily data? He's got to have delayed data. And |
| 1658 | 02:13:30 --> 02:13:33 | because we've been live streaming this entire time, for the last seven weeks or |
| 1659 | 02:13:33 --> 02:13:37 | plus, you see that I can call every move that's happening, and when they're not |
| 1660 | 02:13:37 --> 02:13:41 | good moves, I'll tell you they're not good news, and they're not and then I |
| 1661 | 02:13:41 --> 02:13:45 | tell you, Okay, now it's a good move. And then it happens. You blend that with |
| 1662 | 02:13:45 --> 02:13:49 | what I've done in transactions and recorded trades. It's a farce to believe |
| 1663 | 02:13:49 --> 02:13:53 | that I'm doing 15 screens being recorded and picking the right one. How the hell |
| 1664 | 02:13:53 --> 02:13:56 | am I going to be able to manage all that stuff and annotate all these tracks? If |
| 1665 | 02:13:56 --> 02:14:00 | I was just doing just two I can't do it. My attention span is too small, like I |
| 1666 | 02:14:00 --> 02:14:04 | can only I get easily distracted. I wouldn't be able to do that. You're |
| 1667 | 02:14:04 --> 02:14:08 | giving me too much credit for shit. I just know how to do it. Then you're |
| 1668 | 02:14:08 --> 02:14:14 | witnessing it now. But it should be no surprise as to why you're failing. If |
| 1669 | 02:14:15 --> 02:14:18 | you understand what I'm teaching, you're gonna see why you failed, because it |
| 1670 | 02:14:18 --> 02:14:22 | goes against what I'm teaching you, and how the bar, how the markets book price, |
| 1671 | 02:14:22 --> 02:14:26 | how the market makers deliver price through a mechanism that we collectively |
| 1672 | 02:14:26 --> 02:14:32 | call the algorithm. That's a price engine. A price engine is simply a |
| 1673 | 02:14:32 --> 02:14:39 | script that when prices trade to a specific price at a specific time, it |
| 1674 | 02:14:39 --> 02:14:44 | triggers a speed mechanism that causes the market to spool. It means it starts |
| 1675 | 02:14:44 --> 02:14:49 | offering price higher or lower consistently with very little |
| 1676 | 02:14:49 --> 02:14:55 | retracements. It just keeps going in one direction that is a macro. That is the |
| 1677 | 02:14:55 --> 02:15:01 | time element that is in my time and price theory, that shit. Is not in Larry |
| 1678 | 02:15:01 --> 02:15:06 | Williams book. That shit is in no other book. Okay? It's not. It's based on very |
| 1679 | 02:15:06 --> 02:15:10 | specific algorithmic principles that you're only learning because I've talked |
| 1680 | 02:15:10 --> 02:15:16 | about it. You never, you never. Nobody's ever paid any attention that the 10 |
| 1681 | 02:15:16 --> 02:15:20 | minutes before the top of the hour and the 10 minutes after top of the hour, |
| 1682 | 02:15:20 --> 02:15:23 | that's going to cause a run for liquidity or into an inefficiency. It's |
| 1683 | 02:15:23 --> 02:15:27 | never made its way into a book. It's never left it's never left the lips of |
| 1684 | 02:15:27 --> 02:15:31 | any teacher, mentor or Trader that's trying to explain their method. It's |
| 1685 | 02:15:31 --> 02:15:36 | never happened that's never ever happened before. And when I see this |
| 1686 | 02:15:36 --> 02:15:39 | campaign that's being leveled against me, not only certain that it's it's |
| 1687 | 02:15:39 --> 02:15:44 | probably really a commercial grade approach that's being orchestrated now, |
| 1688 | 02:15:44 --> 02:15:49 | because it's happening a lot, you're not getting a lot more people talking about |
| 1689 | 02:15:49 --> 02:15:52 | but if you understand what they're saying, it's flying in the face of what |
| 1690 | 02:15:52 --> 02:15:57 | you're witnessing real time. Who you going to believe. And that's because |
| 1691 | 02:15:58 --> 02:16:03 | this information is not supposed to be in your hands. So there's going to be |
| 1692 | 02:16:03 --> 02:16:08 | misinformation campaigns produced as we go forward, and you're going to be the |
| 1693 | 02:16:08 --> 02:16:12 | witnesses that were here. You saw it happen. You saw me calling it. You saw |
| 1694 | 02:16:12 --> 02:16:16 | me executing it. You saw all of it. You saw me talk about what the market was |
| 1695 | 02:16:16 --> 02:16:20 | going to go on a daily chart, and then days later it does it. So I'm canceling |
| 1696 | 02:16:20 --> 02:16:24 | all the delayed data there too. So how many times does someone have to prove |
| 1697 | 02:16:24 --> 02:16:28 | that they're not lucky, but they're precise and they know something that you |
| 1698 | 02:16:28 --> 02:16:32 | and nobody else knows? I leave that question to you as the viewers and the |
| 1699 | 02:16:32 --> 02:16:38 | listeners, you have to determine, at what point does it become obvious? At |
| 1700 | 02:16:38 --> 02:16:42 | some point, if you pay enough attention, it's going to come to a threshold where |
| 1701 | 02:16:42 --> 02:16:47 | it's beyond any doubt that these markets are controlled, and I know something |
| 1702 | 02:16:47 --> 02:16:53 | about that, then nobody else knows. And I'm always ahead of everybody else. I'm |
| 1703 | 02:16:53 --> 02:16:56 | always aware of what's going to happen before everybody else. And I have |
| 1704 | 02:16:56 --> 02:17:02 | students that have learned from me, and they can trade excellent they know what |
| 1705 | 02:17:02 --> 02:17:06 | they're looking for. And it's such a pleasure as a teacher to see them doing |
| 1706 | 02:17:06 --> 02:17:11 | that. I'm proud to see that I love that sometimes it's emotional, because I can |
| 1707 | 02:17:11 --> 02:17:15 | see them typing out, like I type out and I can, I can feel what they're feeling |
| 1708 | 02:17:15 --> 02:17:18 | as they're typing out. I mean, it's like, oh, that's a random because I know |
| 1709 | 02:17:18 --> 02:17:21 | what they're thinking at the same time. Like, wow, man. Like, this shit is the |
| 1710 | 02:17:21 --> 02:17:25 | real deal, right? And now you're the real deal. It's not just me. Is the real |
| 1711 | 02:17:25 --> 02:17:30 | deal. You're the real deal. When you can do this in your hands, it's empowering. |
| 1712 | 02:17:30 --> 02:17:35 | No one can talk shit to you and have any effect. No one can dismantle you and say |
| 1713 | 02:17:35 --> 02:17:39 | that you're not a good trader, because you can do it and nothing's going to |
| 1714 | 02:17:39 --> 02:17:43 | change it. The algorithm is not going to change. The markets are not going to |
| 1715 | 02:17:43 --> 02:17:47 | change these same assets that come in here and try to disrupt you and scare |
| 1716 | 02:17:47 --> 02:17:51 | you and you remove your interest in learning how to do this and make you |
| 1717 | 02:17:51 --> 02:17:58 | doubt you're going to get these individuals that you don't know, the |
| 1718 | 02:17:58 --> 02:18:04 | influence, the power to take something from you that could change your entire |
| 1719 | 02:18:04 --> 02:18:04 | legacy. |
| 1720 | 02:18:04 --> 02:18:08 | Leave me a comment if you believe that that's what you should do. If you have |
| 1721 | 02:18:08 --> 02:18:13 | any belief that someone, anyone can come forward on social media and tell you |
| 1722 | 02:18:13 --> 02:18:18 | what you're trying to learn is not right for you. Tell me if you if you have |
| 1723 | 02:18:18 --> 02:18:23 | given permission for anybody to do that. You say, so right now, if you don't give |
| 1724 | 02:18:23 --> 02:18:27 | anybody permission, then say so too. Say, fuck no. No one's convincing me |
| 1725 | 02:18:27 --> 02:18:30 | that this ain't right for me. I am in the right now, right place, and I'm |
| 1726 | 02:18:30 --> 02:18:35 | listening to the person that's teaching me correctly for free. And I can see it |
| 1727 | 02:18:35 --> 02:18:38 | happening on my own. I don't need anybody else's help me. Can be convinced |
| 1728 | 02:18:38 --> 02:18:42 | of it. I can see it happening, you know, people that's already doing it with real |
| 1729 | 02:18:42 --> 02:18:49 | money, they're bringing the receipts constantly. You should be encouraged. |
| 1730 | 02:18:49 --> 02:18:54 | Like, I, it's astonishing to me. Like I, I wish this was available back when I |
| 1731 | 02:18:54 --> 02:18:58 | was learning how to trade, the ability to be around other people doing it, not |
| 1732 | 02:18:58 --> 02:19:02 | just the guy talking about it. Because if it was just me doing it, nobody else |
| 1733 | 02:19:02 --> 02:19:07 | was ever able to replicate it. If they couldn't get in in those trades that I |
| 1734 | 02:19:07 --> 02:19:11 | outline and every individual mentorship I've given them an approach to trading a |
| 1735 | 02:19:11 --> 02:19:17 | model, individual, unique of itself. I could do that every fucking day for |
| 1736 | 02:19:17 --> 02:19:23 | years in the models would never, ever overlap. Try that one on one for size, |
| 1737 | 02:19:24 --> 02:19:28 | telling you I don't ever run out of fucking shit. I got stuff that you ain't |
| 1738 | 02:19:28 --> 02:19:34 | never seen before, but I have to pick and curate the ones that I believe that |
| 1739 | 02:19:34 --> 02:19:40 | takes the least amount of effort, that's visually spots, the setups that you can |
| 1740 | 02:19:40 --> 02:19:47 | see it easily. It's not as obscure as some of the other ones I have. So as a |
| 1741 | 02:19:47 --> 02:19:53 | teacher, I try to present these things for my kids, because I know, if I was |
| 1742 | 02:19:53 --> 02:19:58 | asked, you know, at gunpoint, which one's the easiest one? Fuck you rest of |
| 1743 | 02:19:58 --> 02:20:01 | your shit. My CT, what is it? It's the one. I produced and shared openly and |
| 1744 | 02:20:01 --> 02:20:08 | publicly, they're the easiest ones. I have extremely articulate models that |
| 1745 | 02:20:09 --> 02:20:13 | are all going to be automated, really, that they're buying and selling all day |
| 1746 | 02:20:15 --> 02:20:18 | long, all day long. Baby, up down, up down, up down, up down, and they're |
| 1747 | 02:20:18 --> 02:20:23 | capitalizing on every minor fluctuation between a one minute and 15 second |
| 1748 | 02:20:23 --> 02:20:30 | chart. Up Now, up now, up now, up now, up now. You'll never see that. I'll |
| 1749 | 02:20:30 --> 02:20:37 | never divulge that, and I'll never share with anybody. You don't need that. What |
| 1750 | 02:20:37 --> 02:20:42 | I've already shared is enough. I've given you the first presented fair value |
| 1751 | 02:20:42 --> 02:20:49 | gap, 930 to 10 o'clock. That is absolutely the death mail in retail. |
| 1752 | 02:20:49 --> 02:20:53 | Like, that's it. It's over for all of you. Now, none of your shits gonna be a |
| 1753 | 02:20:53 --> 02:20:57 | live up to that. None of it. They can't hide it from you. How are you gonna hide |
| 1754 | 02:20:57 --> 02:21:01 | that first fair value gap from you? They're not gonna does your chart ever |
| 1755 | 02:21:01 --> 02:21:03 | change in the later part of the day, like whatever the one minute charts |
| 1756 | 02:21:03 --> 02:21:07 | we're doing in the first 30 minutes? Have you ever noticed they they're |
| 1757 | 02:21:07 --> 02:21:11 | different later on in the day? Fuck no, they're not. They're not different. |
| 1758 | 02:21:11 --> 02:21:15 | They're the same fucking candlesticks. So they're not hiding it from you. They |
| 1759 | 02:21:15 --> 02:21:20 | cannot hide it from you. It's impossible. You're worried about the |
| 1760 | 02:21:20 --> 02:21:24 | shit that doesn't matter, and that just proves you're an infant in this and I |
| 1761 | 02:21:24 --> 02:21:29 | can't help but get pissed off and animated when I see the same questions, |
| 1762 | 02:21:29 --> 02:21:33 | or the questions that I just addressed that answered in the same livestream |
| 1763 | 02:21:33 --> 02:21:37 | just on Friday. Could you tell me about the first presented fair value gap, and |
| 1764 | 02:21:37 --> 02:21:42 | when can you use it? What the fuck dude, I just taught that, like I just taught |
| 1765 | 02:21:42 --> 02:21:47 | it just proves that you're not taking notes, you're not even paying attention, |
| 1766 | 02:21:47 --> 02:21:57 | and that video is only an hour. Like, it's nuts. And this is the same shit |
| 1767 | 02:21:57 --> 02:22:02 | that people that paid me to be mentored, they would say the same shit. I would |
| 1768 | 02:22:02 --> 02:22:07 | teach a lesson, prove it in the price action. And they'd say, Could you teach |
| 1769 | 02:22:07 --> 02:22:11 | me about so and so, so and so? What the fuck did you just not watch? Where'd you |
| 1770 | 02:22:11 --> 02:22:15 | just see? Who are you watching? The fucking flip stones. Literally, I just |
| 1771 | 02:22:15 --> 02:22:19 | did this very thing. You didn't show me your notes. Well, I didn't take any |
| 1772 | 02:22:19 --> 02:22:24 | notes. What the fuck was you doing? The timing with that lecture was on. But you |
| 1773 | 02:22:24 --> 02:22:29 | want to be a consistently profitable trader. You think that you're gonna be |
| 1774 | 02:22:29 --> 02:22:35 | with that bullshit, with that that method of engaging and studying. You |
| 1775 | 02:22:35 --> 02:22:38 | think that that's appropriate, that you're gonna somehow beat the smartest |
| 1776 | 02:22:38 --> 02:22:41 | people in the fucking world, in these financial markets with that level of |
| 1777 | 02:22:41 --> 02:22:46 | give a fuck, because it's too low. You aren't putting out enough. You're not |
| 1778 | 02:22:46 --> 02:22:50 | putting into this what's required if you're not really diligent about taking |
| 1779 | 02:22:50 --> 02:22:53 | notes and writing down questions that come up in mind when you're watching |
| 1780 | 02:22:53 --> 02:22:56 | lectures, because they're going to get answered to the next future ones, that's |
| 1781 | 02:22:56 --> 02:23:03 | how it works. If you're not willing to do that, stop wasting your fucking time |
| 1782 | 02:23:03 --> 02:23:07 | here. Go watch somebody else. Because I'm teaching winners. I'm making |
| 1783 | 02:23:07 --> 02:23:12 | millionaires. I am not trading, and I'm not trading. I'm not producing traders |
| 1784 | 02:23:12 --> 02:23:15 | to just go out here and play Mickey Mouse and funded accounts getting a |
| 1785 | 02:23:15 --> 02:23:18 | payout here and there. I'm making fucking millionaires. If you're not |
| 1786 | 02:23:18 --> 02:23:21 | trying to be a millionaire, you're in the wrong fucking clubhouse. Get the |
| 1787 | 02:23:21 --> 02:23:25 | fuck out of here. Mickey Mouse, ain't here. This is the real shit. This is the |
| 1788 | 02:23:25 --> 02:23:29 | real shit. This is how the markets book. This is what will be everybody else's |
| 1789 | 02:23:29 --> 02:23:32 | shit. And I'm proving it. I'm landing out there all the time. The gauntlets |
| 1790 | 02:23:32 --> 02:23:36 | always fucking laid down, and not one Charlie fucking brown comes here. Not |
| 1791 | 02:23:36 --> 02:23:41 | one, not one. Motherfucker does it? Why? Because they absolutely know that I |
| 1792 | 02:23:41 --> 02:23:46 | would nail their fucking ass to the wall, leaving them broke, hanging there, |
| 1793 | 02:23:46 --> 02:23:50 | naked and fucking ashamed. That's exactly what the fuck would happen. And |
| 1794 | 02:23:50 --> 02:23:54 | they know it. Nobody in their right fucking mind that couldn't do what I'm |
| 1795 | 02:23:54 --> 02:23:57 | able to fucking do. We got here and bark as much as I fucking bark, and watch |
| 1796 | 02:23:57 --> 02:24:01 | everybody have their velcro balls drop the fuck off in public. That's exactly |
| 1797 | 02:24:01 --> 02:24:07 | what happens all the time. Who the fucks Alpha? Where the fuck is he at? You're |
| 1798 | 02:24:07 --> 02:24:11 | listening to him. You're fucking listening to him. And every single one |
| 1799 | 02:24:11 --> 02:24:16 | of you can have that same fucking energy knowing that ain't a motherfucker can |
| 1800 | 02:24:16 --> 02:24:20 | step to you. No one can out trade you. No one can come touch anything that you |
| 1801 | 02:24:20 --> 02:24:23 | can do, you can outperform every fucking body I've given those skills to you. |
| 1802 | 02:24:23 --> 02:24:27 | They're all in that YouTube channel right fucking now. What are you doing |
| 1803 | 02:24:27 --> 02:24:31 | with it? Are you Netflix and chilling with fucking ICT? Because if that's what |
| 1804 | 02:24:31 --> 02:24:36 | you're doing, you're not doing it right. You gotta have a fucking pencil and a |
| 1805 | 02:24:36 --> 02:24:40 | fucking pad that you're writing down shit, and that first time you wrote |
| 1806 | 02:24:40 --> 02:24:44 | those notes, that's just your first draft. You need to spend time with that |
| 1807 | 02:24:44 --> 02:24:48 | for a week and go back over that thing. Okay, was there anything else that I I |
| 1808 | 02:24:48 --> 02:24:52 | just didn't pick up on? But now it's in second thought about it. Let me go into |
| 1809 | 02:24:52 --> 02:24:58 | these notes and see, yeah, I think I understand what he was doing now, then |
| 1810 | 02:24:58 --> 02:25:02 | that final draft that. Goes into your real study journal. That's the one that |
| 1811 | 02:25:02 --> 02:25:05 | you treasure. That's the one you put a little bit of money behind. Not these |
| 1812 | 02:25:05 --> 02:25:10 | little need notebooks, they're good for initial draft notes, but just simply |
| 1813 | 02:25:10 --> 02:25:15 | scribbling down whatever I said, That's not taking notes what I'm saying, how |
| 1814 | 02:25:15 --> 02:25:19 | does that resonate with you when I say the first presented fair value gap |
| 1815 | 02:25:19 --> 02:25:24 | between 930 and 10 o'clock. That's important, because that that |
| 1816 | 02:25:24 --> 02:25:29 | inefficiency will be used in the future, not just today. What does that mean? How |
| 1817 | 02:25:29 --> 02:25:33 | can I prove that? What am I going to do now, when I'm done watching this |
| 1818 | 02:25:33 --> 02:25:36 | lecture, that I can go out there and start looking for what he means by that? |
| 1819 | 02:25:36 --> 02:25:39 | I need to test that theory. I don't want to take his word for it. What are you |
| 1820 | 02:25:39 --> 02:25:42 | doing with it? Because if you're just simply writing down the notes and then |
| 1821 | 02:25:42 --> 02:25:45 | waiting for the next waiting for the next lecture or watching the next video |
| 1822 | 02:25:45 --> 02:25:50 | that's in this, in the stream or on the playlist, you're not doing it right now. |
| 1823 | 02:25:50 --> 02:25:53 | Unless you're going into your charts looking for the very things that I'm |
| 1824 | 02:25:53 --> 02:25:58 | describing, you're not going to have that hook in your jaw that keeps you at |
| 1825 | 02:25:58 --> 02:26:02 | it. You're looking for the next thing I talked about, the next little buzz word, |
| 1826 | 02:26:02 --> 02:26:05 | the next little thing, the little these little interesting, shiny object |
| 1827 | 02:26:05 --> 02:26:08 | syndrome, that flash something in front of you and you're gonna forget |
| 1828 | 02:26:08 --> 02:26:11 | everything else you've been introduced to but never done any work to make |
| 1829 | 02:26:11 --> 02:26:15 | yourself understanding that better. The difference between you and the people |
| 1830 | 02:26:15 --> 02:26:19 | that are my students that are making money is they didn't fuck around. They |
| 1831 | 02:26:19 --> 02:26:23 | took notes, they dug into the charts and they saw it for themselves. They logged |
| 1832 | 02:26:23 --> 02:26:27 | their own examples, they recorded it and they annotated it. That's back testing |
| 1833 | 02:26:27 --> 02:26:30 | that is not sitting there watching Market Replay paint the fucking candles |
| 1834 | 02:26:31 --> 02:26:36 | that testing is simply looking at the old charts. That's static. Market Replay |
| 1835 | 02:26:36 --> 02:26:41 | is not going to teach you shit. It's not going to teach you anything. That price |
| 1836 | 02:26:41 --> 02:26:46 | when it camel is creating, it's only two changes when it first prints, and then |
| 1837 | 02:26:46 --> 02:26:49 | it does the final settlement. The next camel opens up gives you first print. Is |
| 1838 | 02:26:49 --> 02:26:52 | not even really the first print. It's a little bit of movement on the price |
| 1839 | 02:26:52 --> 02:26:55 | action candlestick, and then boom, it gives you the next one at the |
| 1840 | 02:26:55 --> 02:26:59 | settlement. That is not how you learn how to read price action. If you are |
| 1841 | 02:26:59 --> 02:27:03 | using Market Replay, you are stunting your growth. If you're listening to |
| 1842 | 02:27:03 --> 02:27:07 | mentors that only teach through Market Replay, you are wasting your fucking |
| 1843 | 02:27:07 --> 02:27:10 | time and your money. These clowns don't know what the fuck they're doing, |
| 1844 | 02:27:10 --> 02:27:12 | because if they knew what they were doing, they'd be in a live stream |
| 1845 | 02:27:12 --> 02:27:16 | setting, calling the individual market, trading the individual market, calling |
| 1846 | 02:27:16 --> 02:27:19 | it with a stop loss that's fucking Ultra tight. And tell you straight up, this is |
| 1847 | 02:27:19 --> 02:27:22 | what it's gonna do and watch it happen. That's what they would be doing. But |
| 1848 | 02:27:22 --> 02:27:25 | they don't do that shit because it's unsafe for their business model, because |
| 1849 | 02:27:25 --> 02:27:30 | they need more money coming in, in monthly fucking payments. Sorry, Jack, |
| 1850 | 02:27:30 --> 02:27:34 | but that shit, this doesn't work anymore. You gotta be out here doing it. |
| 1851 | 02:27:34 --> 02:27:38 | If you're not a fucking doer, you're a screwer, and you're screwing over the |
| 1852 | 02:27:38 --> 02:27:41 | fucking people that's paying you, and you can't prove that you know something. |
| 1853 | 02:27:41 --> 02:27:44 | If you're gonna monetize it, you better damn well be able to fucking do it. If |
| 1854 | 02:27:44 --> 02:27:47 | you can't fucking do it, I'm the sounding board you bounce everybody off |
| 1855 | 02:27:47 --> 02:27:51 | of, because I'll out trade every fucking one of them and have fun fucking doing |
| 1856 | 02:27:51 --> 02:27:55 | it. It's closing fucking time, motherfuckers, it's closing time, or |
| 1857 | 02:27:55 --> 02:27:57 | it's time for you to step up and say, You |
| 1858 | 02:27:57 --> 02:28:01 | know what, you're right. ICT, I'm gonna do that. It's the least I could do for |
| 1859 | 02:28:01 --> 02:28:06 | my own image, my own brand. Let me go out there and set myself apart from the |
| 1860 | 02:28:06 --> 02:28:11 | rest of these Yahoos. How many are doing that? How many are going to be doing |
| 1861 | 02:28:11 --> 02:28:16 | that this week or in the future soon? They're not, they're fucking not doing |
| 1862 | 02:28:16 --> 02:28:20 | that, but they're going to stay in Market Replay. They're going to stay in |
| 1863 | 02:28:20 --> 02:28:26 | hindsight discussions and examples where it's safe, that's a sandbox. There's |
| 1864 | 02:28:26 --> 02:28:31 | appropriate times for that, yes, but at some point, and the point is, we're now, |
| 1865 | 02:28:31 --> 02:28:36 | we're at the point of no return. Nobody else can now stand out there and teach |
| 1866 | 02:28:36 --> 02:28:42 | from a hindsight perspective, that shits gone the golden era of milk and |
| 1867 | 02:28:42 --> 02:28:49 | subscribers is fucking gone. You earn your fucking money. You earn it. You |
| 1868 | 02:28:49 --> 02:28:52 | prove that you can do it. You prove that you're a mentor, because you're not able |
| 1869 | 02:28:52 --> 02:28:56 | to do it in your own hands. You a fucking mentor. You are a fraud. You are |
| 1870 | 02:28:56 --> 02:29:04 | a con artist. You're a fucking faker. You're a poser boy. You Lee, that hurt |
| 1871 | 02:29:04 --> 02:29:07 | your feelings. You right now creating soft puppet accounts. You can say some |
| 1872 | 02:29:07 --> 02:29:11 | shit about me. Go ahead. You ain't changing the fact that I'm proving it. |
| 1873 | 02:29:11 --> 02:29:16 | You ain't changing the fact that I'm making millionaire students. Hello, |
| 1874 | 02:29:18 --> 02:29:27 | somebody just leave. There was a damn it, fire today. Yep, I would have a |
| 1875 | 02:29:27 --> 02:29:30 | whole lot more energy yesterday. I was really I was ready to go. I'm a little |
| 1876 | 02:29:30 --> 02:29:33 | tired today. To be honest with you, might not seem like a diamond. I'm a |
| 1877 | 02:29:33 --> 02:29:42 | little tired. Making my age 52 is kicking in in me, but that's that's why |
| 1878 | 02:29:42 --> 02:29:46 | you lose, and that's the secrets of how the market makers operate and deliver |
| 1879 | 02:29:46 --> 02:29:52 | price. And there's other subtleties that I'll teach and have already taught for |
| 1880 | 02:29:52 --> 02:30:00 | real on my YouTube channel, and it's important for you to be who. Organize |
| 1881 | 02:30:00 --> 02:30:04 | with your note taking. Anytime that you have something that comes up as a |
| 1882 | 02:30:04 --> 02:30:10 | concern or you hear me say something your your notes should have the title of |
| 1883 | 02:30:10 --> 02:30:18 | the video or lecture and the minute marker where that question was anchored |
| 1884 | 02:30:18 --> 02:30:22 | to like what I said, You should write what I said that causes you concern, |
| 1885 | 02:30:23 --> 02:30:29 | doubt or a question about it, so that way you can go back when you think you |
| 1886 | 02:30:29 --> 02:30:32 | figured out what what that question was, when you go through at the end of the |
| 1887 | 02:30:32 --> 02:30:35 | week, or you reflect in the previous month, how often you going back to your |
| 1888 | 02:30:35 --> 02:30:39 | old journal entries. Because it's not one and done. Forget about it like you |
| 1889 | 02:30:39 --> 02:30:42 | got to go back and see. Oh yeah, these. I remember I had that question, but I |
| 1890 | 02:30:42 --> 02:30:45 | stopped worrying about that because he keeps producing new content. It's easy |
| 1891 | 02:30:45 --> 02:30:51 | to get lost in the minutia. It's really easy to get bogged down with this. So |
| 1892 | 02:30:51 --> 02:30:59 | it's, it's a lot like it's a lot I'm condensing a PhD amount of time that you |
| 1893 | 02:30:59 --> 02:31:04 | would go through college courses to get a PhD, I'm compressing all that stuff |
| 1894 | 02:31:04 --> 02:31:10 | down into a very small lecture, and that's why it feels like drinking from a |
| 1895 | 02:31:10 --> 02:31:13 | fire hose gonna rip your fucking face off. And it's like, this is too |
| 1896 | 02:31:13 --> 02:31:18 | complicated. It's not complicated. It's a lot of stuff that you have to manage, |
| 1897 | 02:31:18 --> 02:31:22 | but I'm telling you how to manage it and how to go through it appropriately, |
| 1898 | 02:31:22 --> 02:31:28 | slow, modularly, and give yourself the real effort to see yourself succeed in |
| 1899 | 02:31:28 --> 02:31:31 | them, and don't listen to outside influences. And if that makes us feel |
| 1900 | 02:31:31 --> 02:31:35 | like you're a part of a cult, great, it's a private quote. They're not |
| 1901 | 02:31:35 --> 02:31:40 | invited. Everybody else can talk shit that doesn't change anything. When |
| 1902 | 02:31:40 --> 02:31:44 | you're making money and you quit your fucking job and you're being you're able |
| 1903 | 02:31:44 --> 02:31:48 | to pay for a house with cash, and it doesn't change anything, because you |
| 1904 | 02:31:48 --> 02:31:51 | know, you can make that same amount of money in another four weeks. You just |
| 1905 | 02:31:53 --> 02:31:57 | gonna give a fuck about anybody else's opinion about me or you. You're not |
| 1906 | 02:31:57 --> 02:32:01 | gonna care about that stuff. You're gonna be too busy living you're gonna be |
| 1907 | 02:32:01 --> 02:32:06 | too busy enjoying your life, period. And that's what this is about. It's an out. |
| 1908 | 02:32:06 --> 02:32:10 | It's not about worshiping Me. It's not about hanging by every thread of what I |
| 1909 | 02:32:10 --> 02:32:13 | say, because this is all gonna stop soon. Okay? I'm not gonna be making |
| 1910 | 02:32:13 --> 02:32:17 | videos. I want to. I want to go back to what I was doing over the summer. I want |
| 1911 | 02:32:17 --> 02:32:25 | to just relax. And I enjoyed it, but I love teaching, and when I feel that I've |
| 1912 | 02:32:25 --> 02:32:30 | given my son, Caleb, enough, I'll stop until he gets to the point where he |
| 1913 | 02:32:30 --> 02:32:35 | needs more, then I'll do some more. But I don't want to keep doing this. That's |
| 1914 | 02:32:36 --> 02:32:40 | not what I'm here for. I don't I don't care to keep doing this okay, I've |
| 1915 | 02:32:40 --> 02:32:47 | already taught. I've made profitable students. I've left a legacy of lifetime |
| 1916 | 02:32:47 --> 02:32:53 | understanding on that YouTube channel, and I'm here talking to you right now, |
| 1917 | 02:32:53 --> 02:32:57 | not monetized at all. I'm not making any money, and I'm given permission for |
| 1918 | 02:32:57 --> 02:33:01 | people to take these and put them on their own YouTube channel. That's a |
| 1919 | 02:33:01 --> 02:33:09 | gift. That's me being who I am. And my only inspiration outside of my own sons |
| 1920 | 02:33:09 --> 02:33:13 | and my daughter ever learning how to do this, is that anybody that would put |
| 1921 | 02:33:13 --> 02:33:17 | their nose to the grind about trying to learn how to tilt as well, that they |
| 1922 | 02:33:17 --> 02:33:21 | listened to the person that created it, listen to the person that authored it, |
| 1923 | 02:33:22 --> 02:33:25 | you're going to get the subtle nuances that you won't get from five minute |
| 1924 | 02:33:25 --> 02:33:29 | trainers selling my shit for $5,000 when I didn't even sell my own shit for |
| 1925 | 02:33:29 --> 02:33:36 | $5,000 that's teaching it correctly, not incorrectly. And you don't have to pay |
| 1926 | 02:33:36 --> 02:33:41 | for it, and you have the resources on a YouTube channel you can always tap into |
| 1927 | 02:33:43 --> 02:33:51 | you can leave little notes on the video, and no one else sees it, but you because |
| 1928 | 02:33:51 --> 02:33:55 | I have every one of my comments set to hold for review, that means that you can |
| 1929 | 02:33:55 --> 02:33:58 | comment to me, I can see it, as long as it's not a rude remark or anything like |
| 1930 | 02:33:58 --> 02:34:02 | that. It'll stay there, and you'll see it when you're in but it'll look like |
| 1931 | 02:34:02 --> 02:34:06 | nobody else has commented. But you that means you can use these videos as your |
| 1932 | 02:34:06 --> 02:34:10 | own little study journal and leave little minute markers. So that way, if |
| 1933 | 02:34:10 --> 02:34:13 | you want to go back to that video and say, Oh yeah, there's where I was with |
| 1934 | 02:34:13 --> 02:34:17 | that. Let me just boom, if you get to a part where you got to only a percentage |
| 1935 | 02:34:17 --> 02:34:20 | of the video, you couldn't complete it, just put down the minute mark. You stop |
| 1936 | 02:34:20 --> 02:34:24 | that and put that number in the comment section. And then when you go back to |
| 1937 | 02:34:24 --> 02:34:27 | that comment, you click it, it'll take you right to that minute marker, and you |
| 1938 | 02:34:27 --> 02:34:31 | can pick up where you left off at, I'm not going to delete it. It's not it's |
| 1939 | 02:34:31 --> 02:34:36 | not bothering me. So you'll see it. Nobody else gets to see it. And you can |
| 1940 | 02:34:36 --> 02:34:41 | manage your progress through each one of the mentorship playlists or videos like |
| 1941 | 02:34:41 --> 02:34:45 | I've made it as easy as I could, and for free, I'm not going to delete the |
| 1942 | 02:34:45 --> 02:34:49 | videos. I'm not going to take them down. I'm not doing a future paid mentorship. |
| 1943 | 02:34:49 --> 02:34:53 | So there's no reason for you to be well, I'm going to go wait for his next paid |
| 1944 | 02:34:53 --> 02:34:58 | mentorship. There is no paid mentorship. I don't want to do that. Like it's too |
| 1945 | 02:34:58 --> 02:35:02 | much to worry about all that shit. It, and whatever I taught there would just |
| 1946 | 02:35:02 --> 02:35:06 | get leaked. So I'm also just keep doing everything public, so everybody has the |
| 1947 | 02:35:06 --> 02:35:10 | same thing, and nobody needs to pay for nothing. Stop buying my stuff because |
| 1948 | 02:35:10 --> 02:35:13 | it's already on the YouTube channel. You're stupid if you're paying for it. |
| 1949 | 02:35:14 --> 02:35:18 | So and you can't buy your way into my private mentorship, because the charter |
| 1950 | 02:35:18 --> 02:35:23 | members that are there, they are part of a community that will never increase. We |
| 1951 | 02:35:23 --> 02:35:28 | just We I am able to talk to these people because they know my stuff. I I'm |
| 1952 | 02:35:28 --> 02:35:31 | not always talking about markets. Sometimes I'll talk about weird shit in |
| 1953 | 02:35:31 --> 02:35:35 | the world and stuff, and I just don't want those perspectives out in the |
| 1954 | 02:35:35 --> 02:35:39 | world, in circulation, like it's I feel comfortable and I feel safe in that |
| 1955 | 02:35:40 --> 02:35:45 | community talking about those things, but you don't deserve to be there. You |
| 1956 | 02:35:45 --> 02:35:49 | can't pay to be there, and it's not what you think. Once in a blue moon, I'll go |
| 1957 | 02:35:49 --> 02:35:53 | in there and I'll call the market and call it out loud, and we trade it. But |
| 1958 | 02:35:53 --> 02:35:57 | it's not happening as a state diet. So there's nearly no inspiration for you to |
| 1959 | 02:35:57 --> 02:36:00 | want to do it. It's just a safe place for me to talk to students that I can |
| 1960 | 02:36:00 --> 02:36:04 | trust they understand what I'm saying versus if I say something like I want |
| 1961 | 02:36:04 --> 02:36:07 | Twitter space, you know, who knows how it's gonna be interpreted if I say it on |
| 1962 | 02:36:07 --> 02:36:11 | my YouTube channel, who knows how it's gonna be interpreted? But they been |
| 1963 | 02:36:11 --> 02:36:16 | spending enough time with me. They know who I am. They know they know my |
| 1964 | 02:36:16 --> 02:36:23 | personality. They know what my concerns are for them as the community and I |
| 1965 | 02:36:23 --> 02:36:27 | believe that this year, when we finally complete the last presentation for the |
| 1966 | 02:36:27 --> 02:36:32 | 2024 mentorship, that you will be equipped with information and procedures |
| 1967 | 02:36:33 --> 02:36:37 | that will allow you to go out there and find what you're looking for efficiently |
| 1968 | 02:36:37 --> 02:36:41 | and faster than you probably were afraid it was going to take for some of you |
| 1969 | 02:36:41 --> 02:36:46 | that don't get there as fast as you want to happen, the best advice I can give |
| 1970 | 02:36:46 --> 02:36:52 | you is just don't stop it's easy to let the problems of the world right now, |
| 1971 | 02:36:52 --> 02:36:55 | because everything's expensive, everything is scary and stressful and |
| 1972 | 02:36:55 --> 02:37:01 | it's hard right now, the only thing you're going to do is prolong the amount |
| 1973 | 02:37:01 --> 02:37:05 | of time it's going to take for you to get to that by panicking or trying to |
| 1974 | 02:37:05 --> 02:37:11 | rush through it. I promise you, if you just relax and let it just be a hobby |
| 1975 | 02:37:11 --> 02:37:16 | and fun to study, make that a pastime when you're back testing, put some music |
| 1976 | 02:37:16 --> 02:37:21 | on something that you like listening to and study. Just relax and find pleasure |
| 1977 | 02:37:21 --> 02:37:24 | in looking for these repeating things that happen in price action, and then do |
| 1978 | 02:37:24 --> 02:37:28 | your annotations and journal them all up and then put them in your place where |
| 1979 | 02:37:28 --> 02:37:33 | you save all that. I don't know what that would be, but however you save it. |
| 1980 | 02:37:33 --> 02:37:38 | There it is. For some of you, it could be PowerPoint. Others, it could be, I |
| 1981 | 02:37:38 --> 02:37:42 | don't know the name of that little thing that they sold. I can't recall what it |
| 1982 | 02:37:42 --> 02:37:46 | was, but it was a nice little like, it's notation. |
| 1983 | 02:37:47 --> 02:37:50 | I don't know it sounds like it's right, but it's probably isn't. But something |
| 1984 | 02:37:50 --> 02:37:53 | like that, where one of the female students of mine, she was actually |
| 1985 | 02:37:53 --> 02:37:57 | journaling all her stuff with that that was actually me, but it has to be |
| 1986 | 02:37:57 --> 02:38:02 | something you can search my journals. I've been doing for such a long time I |
| 1987 | 02:38:02 --> 02:38:06 | don't have the ability to search. And that's the only thing I wish I could |
| 1988 | 02:38:06 --> 02:38:13 | have done for that, that only that reason alone is sort of search something |
| 1989 | 02:38:13 --> 02:38:17 | by keyword and find the journal entry like if I if I want to go back and look |
| 1990 | 02:38:17 --> 02:38:21 | at cruel trades I did in the 90s, it would be able to sort out all the trades |
| 1991 | 02:38:21 --> 02:38:24 | I did with the crude oil, and I could find the one I'm thinking of by memory, |
| 1992 | 02:38:24 --> 02:38:29 | but I can't recall by date. If you do things electronically, you have the |
| 1993 | 02:38:29 --> 02:38:33 | benefit of doing that if you're like me, where it's high touch over high tech, |
| 1994 | 02:38:33 --> 02:38:37 | I'm limited in my ability to scan and search for things and go right to it, |
| 1995 | 02:38:38 --> 02:38:42 | but I'm not I'm not constantly going back into my journals. You are |
| 1996 | 02:38:42 --> 02:38:45 | developing students, and that's advantageous for you to have that |
| 1997 | 02:38:45 --> 02:38:49 | resource. And going forward, you have years and years of it behind you, you'll |
| 1998 | 02:38:49 --> 02:38:53 | still have that added benefit that I don't have as a mentor with journals. |
| 1999 | 02:38:53 --> 02:39:00 | Mine's all written out with 10. But anyway, I enjoyed spending some time |
| 2000 | 02:39:00 --> 02:39:06 | with you today. I talked about some things that hopefully will help you go |
| 2001 | 02:39:06 --> 02:39:11 | forward this week. And I want to leave you with a couple questions that way you |
| 2002 | 02:39:11 --> 02:39:16 | go forward with these in mind, I want you to think about how you feel about |
| 2003 | 02:39:16 --> 02:39:19 | the day before it starts trading what you think it's going to do. It's going |
| 2004 | 02:39:19 --> 02:39:23 | to be up close day. It's going to be a down close day. And you're not trying to |
| 2005 | 02:39:23 --> 02:39:27 | predict a closing price. You're just writing down what you think about the |
| 2006 | 02:39:27 --> 02:39:34 | day. And then I want you to write down why you believe what you believe. I want |
| 2007 | 02:39:34 --> 02:39:38 | you to write down how you think that the session that ends, the morning session. |
| 2008 | 02:39:38 --> 02:39:44 | Okay, so we'll we'll call it 1130 to 12 o'clock in that in that 30 minute |
| 2009 | 02:39:44 --> 02:39:50 | interval you want to be simple. Do it like I told Caleb 3011? 30 is the end of |
| 2010 | 02:39:50 --> 02:39:57 | your morning session. So at 1130 will the closing price that makes the 1131 |
| 2011 | 02:39:58 --> 02:40:04 | minute candle be higher? It at a 930 opening price, or below it. I want you |
| 2012 | 02:40:04 --> 02:40:09 | to ask yourself, what you think that's going to occur. You have to determine |
| 2013 | 02:40:09 --> 02:40:16 | that at 10 o'clock. So at 10 o'clock, the opening range completes. Now you |
| 2014 | 02:40:16 --> 02:40:21 | have 30 minutes behind you. Are we going to close higher at 1130s one minute |
| 2015 | 02:40:21 --> 02:40:27 | candle, then the 930 opening price or lower, and why you think that's going to |
| 2016 | 02:40:27 --> 02:40:32 | be the case. And I want you to do the same thing for if you have an interest |
| 2017 | 02:40:32 --> 02:40:36 | in the pm session, if you never want to be trading the pm session, then don't do |
| 2018 | 02:40:36 --> 02:40:39 | this. But if you want to do it for extra credit and just as a process of |
| 2019 | 02:40:39 --> 02:40:43 | improving your ability to anticipate price action. You're going to be doing |
| 2020 | 02:40:43 --> 02:40:52 | the same thing at 130 that starts the pm session between 130 and two o'clock. In |
| 2021 | 02:40:52 --> 02:40:57 | that 30 minute interval, I want you to think about, are you going to see the |
| 2022 | 02:40:57 --> 02:41:03 | opening price at two o'clock on that one minute candle at two o'clock Eastern |
| 2023 | 02:41:03 --> 02:41:09 | time. Are we going to close at four o'clock, above that price or below? And |
| 2024 | 02:41:09 --> 02:41:13 | how and why you came to that conclusion. I want you to do that every single day |
| 2025 | 02:41:13 --> 02:41:18 | this week, and then we'll talk about that next weekend, until I talk to you |
| 2026 | 02:41:18 --> 02:41:23 | tomorrow in live stream on YouTube. I will be live streaming at 920 ish, |
| 2027 | 02:41:23 --> 02:41:27 | something like that, a couple minutes before 930 and so I talk to you then, |
| 2028 | 02:41:27 --> 02:41:29 | Lord willing be safe. You. |