005-ict-tw-spaces-2025-05-03-Keys-To-Understanding-The-Present-Market-Narrative
Last modified by Drunk Monkey on 2025-05-08 12:13
1 | 00:00:00 --> 00:00:04 | ICT: Good morning folks. Hope you're doing well. If you could be so kind as |
2 | 00:00:04 --> 00:00:08 | to give me a five by five, just send me a post on x let me know that you can |
3 | 00:00:08 --> 00:00:14 | hear me. Was acting up a little bit earlier today. Wasn't able to see |
4 | 00:00:14 --> 00:00:17 | anybody's posts on my time |
5 | 00:00:19 --> 00:00:25 | timeline. So I'm not sure if you can hear me. Okay, if you could just a five |
6 | 00:00:25 --> 00:00:26 | by five would be fine, |
7 | 00:00:31 --> 00:00:37 | alrighty. Thank you so much. Well, good morning. By the way, it is a good |
8 | 00:00:37 --> 00:00:43 | morning, isn't it? Every day above ground is a good day. Uh, to take a |
9 | 00:00:43 --> 00:00:47 | moment real quick, just to let you know that don't think, that I don't |
10 | 00:00:47 --> 00:00:52 | appreciate the fact you're putting in yet for yourself a Saturday morning |
11 | 00:00:53 --> 00:01:00 | listening to the old troublemaker pour out 33 years of experience, doing it |
12 | 00:01:00 --> 00:01:04 | wrong, doing it right, doing it the best. So congratulations for having the |
13 | 00:01:04 --> 00:01:09 | tenacity of coming up here, wake up early enough, or stay up late enough, or |
14 | 00:01:09 --> 00:01:15 | defer your weekend warrior events to do this. I will promise you today. You know |
15 | 00:01:15 --> 00:01:20 | I tend to go long sometimes, but I have something I have to be a part of today. |
16 | 00:01:20 --> 00:01:24 | So I know sometimes I I read you in the beginning space, it's going to be a |
17 | 00:01:24 --> 00:01:29 | short one four hours. We will be very wrong with this one today. Okay, it'll |
18 | 00:01:29 --> 00:01:39 | be under 45 or so. I want to kind of like draw a contrast to two concepts |
19 | 00:01:39 --> 00:01:46 | that many times gets confused either by my presentation, which I'll admit, |
20 | 00:01:46 --> 00:01:52 | sometimes I'm not always the best in terms of articulating when I'm ranting, |
21 | 00:01:52 --> 00:01:58 | I'm just basically going where I'm feeling led by at that moment, and |
22 | 00:01:58 --> 00:02:04 | Today, I kind of like a little bit more focused, because I want to draw a very |
23 | 00:02:04 --> 00:02:12 | stark separation between daily bias in the marketplace and narrative. And I |
24 | 00:02:12 --> 00:02:21 | want to open it up with initially stating that the bias on a market is |
25 | 00:02:21 --> 00:02:27 | absolutely not a narrative, okay? And I've had over the years, students come |
26 | 00:02:27 --> 00:02:35 | in and say, What should I focus on? Like, what's the first thing as a |
27 | 00:02:35 --> 00:02:40 | developing student trainer or someone that's a break even then type trainer, |
28 | 00:02:41 --> 00:02:49 | what should they focus on first? And they think, they think it's entries. |
29 | 00:02:50 --> 00:02:54 | Tell me how to get into a marketplace. How do I know when to buy it? How do I |
30 | 00:02:54 --> 00:02:58 | know when to sell it? What's the what's the entry mechanism that never fails? |
31 | 00:02:58 --> 00:03:03 | What's the buy signal and sell signal that allows me to not worry about you |
32 | 00:03:03 --> 00:03:14 | placing a stop loss, because you're too first realize risks, and before you even |
33 | 00:03:14 --> 00:03:19 | get to that stage of knowing when to buy one to sell or even stop losses, because |
34 | 00:03:19 --> 00:03:25 | they're pretty Easy, the very thing that you're afraid of the most things and |
35 | 00:03:25 --> 00:03:30 | stop loss and controlling the risk, that's the easiest thing. That's the |
36 | 00:03:30 --> 00:03:34 | easiest thing to do. And you can tell, and I was guilty of this in the |
37 | 00:03:34 --> 00:03:38 | beginning, too. As a 20 year old, I was afraid to place a stop loss because I |
38 | 00:03:38 --> 00:03:43 | was afraid I'd be wrong. I was afraid they would stop me out at the time. I |
39 | 00:03:43 --> 00:03:49 | didn't think of a collective today doing the air quotations. I just figured that |
40 | 00:03:49 --> 00:03:53 | the market would just come back and get my stop and then run without and I |
41 | 00:03:54 --> 00:03:58 | didn't even have enough experience at the time. We weren't that fear, but it |
42 | 00:03:58 --> 00:04:01 | just goes to show that that's what we're afraid of. We're afraid of being one. |
43 | 00:04:01 --> 00:04:05 | We're afraid of losing money. As an investor, as an entrepreneur, as a |
44 | 00:04:05 --> 00:04:10 | trader, you got to warm up with the idea that you're going to do it wrong. The |
45 | 00:04:10 --> 00:04:15 | market will sometimes just be stupid and do something that you did not expect. |
46 | 00:04:15 --> 00:04:27 | Okay, and that might incur a loss. So the bias on a marketplace that's very |
47 | 00:04:27 --> 00:04:32 | simply, are you bullish or bearish? Now you can be bullish or bearish on the |
48 | 00:04:32 --> 00:04:37 | daily chart, the weekly chart, and have a very long term or intermediate term |
49 | 00:04:38 --> 00:04:44 | bias, but I'm bullish on gold, I'm bullish on equities, I'm bullish on, you |
50 | 00:04:44 --> 00:04:52 | know, whatever currency you're interested but for what time frame are |
51 | 00:04:52 --> 00:04:57 | you bullish? Because I can be bullish for 10 minutes trading in a 15 second |
52 | 00:04:57 --> 00:05:04 | chart, but you. Inside of a long term macro bearish market. And I can trade |
53 | 00:05:04 --> 00:05:11 | properly doing that. So many of you are so rushed to try to get into something |
54 | 00:05:12 --> 00:05:19 | you're not giving yourself the adequate time to learn how to trust a bias, and |
55 | 00:05:19 --> 00:05:24 | then moving past that to where the rubber meets the beats the road. It's |
56 | 00:05:24 --> 00:05:31 | narrative. See, bias is rather simplistic. You arrive at that chart. |
57 | 00:05:32 --> 00:05:38 | You arrive at that one is the market going to go higher, to an old pool |
58 | 00:05:38 --> 00:05:42 | liquidity, an old relative equal high two highs that are close proximity to |
59 | 00:05:42 --> 00:05:50 | one another. In the most recent one being slightly lower. That's like, it's |
60 | 00:05:50 --> 00:05:55 | where all the retail traders want to feel real safe if they mature, placing |
61 | 00:05:55 --> 00:06:01 | their stop loss just above that. So I teach you just try to reach for that. |
62 | 00:06:01 --> 00:06:07 | And that is simply cut and dry, as easy as you can get for a bias, whatever time |
63 | 00:06:07 --> 00:06:13 | frame that exists on the relative equal highs, that's the time frame that you're |
64 | 00:06:13 --> 00:06:19 | bullish. Does not mean you won't have down candles. It doesn't mean you won't |
65 | 00:06:19 --> 00:06:24 | have down days in between where it is right now and when it gets there. But |
66 | 00:06:24 --> 00:06:29 | all too many times Traders See a down day when it's unlikely bullish, |
67 | 00:06:34 --> 00:06:39 | because it probably just reversed, because they closed down 100 that |
68 | 00:06:41 --> 00:06:51 | doesn't mean anything to do. So I shouldn't have any, I guess, bearing on |
69 | 00:06:51 --> 00:06:57 | what you believe is published on that time frame. In fact, it's good that |
70 | 00:06:57 --> 00:07:01 | there's downloads in higher Time Frame charts like that, because that's how |
71 | 00:07:01 --> 00:07:05 | order blocks are created. Market trades above that, down, close |
72 | 00:07:05 --> 00:07:09 | candle, and it comes back and touches the token price. You have a change in |
73 | 00:07:09 --> 00:07:10 | state delivery for the |
74 | 00:07:10 --> 00:07:16 | short term, but it's already been bullish. You see how quickly a NEO fund, |
75 | 00:07:16 --> 00:07:21 | someone new, can get lost in the time frames and feeling the Sands of Time |
76 | 00:07:21 --> 00:07:25 | were just carrying me here and there, and I don't know what I'm doing. Why is |
77 | 00:07:25 --> 00:07:29 | ICP calling it bullish? Why is he looking for it to go here? Why is he |
78 | 00:07:29 --> 00:07:32 | looking for it to go there? Why didn't he do this? And why didn't he do that, |
79 | 00:07:33 --> 00:07:42 | talking about today character, see, it's not enough to know that it's likely to |
80 | 00:07:42 --> 00:07:47 | go up. It's not likely to go straight up every single day when you're foolish |
81 | 00:07:48 --> 00:07:50 | back it's unreasonable. Far less like |
82 | 00:07:58 --> 00:07:58 | doesn't go up to |
83 | 00:08:05 --> 00:08:10 | up out of all the books I've got all the office I listen to, even people that |
84 | 00:08:10 --> 00:08:16 | claim to have me lots of money, even my initially, your first mentor, Larry |
85 | 00:08:16 --> 00:08:23 | Williams, his tools rather simplistic, but didn't really get to the core of |
86 | 00:08:24 --> 00:08:31 | what I was aching for was, how do I navigate this stuff, even if I see all |
87 | 00:08:31 --> 00:08:39 | the things that I had grown to trust as a brand new student that was 1895 I had |
88 | 00:08:39 --> 00:08:45 | To find my my way through all that stuff, because I would over analyze, I |
89 | 00:08:45 --> 00:08:49 | would second guess. I would sprinkle this and that from everybody else that I |
90 | 00:08:49 --> 00:08:57 | thought I was learning good stuff from, and it wasn't healthy. Wasn't healthy at |
91 | 00:08:57 --> 00:09:02 | all, because I didn't know the mechanics of what was going on, timeless |
92 | 00:09:03 --> 00:09:10 | liquidity, time based delivery, and that's the crux of what makes |
93 | 00:09:10 --> 00:09:15 | algorithmic price delivery, what it is, it has absolutely zero to do with how |
94 | 00:09:15 --> 00:09:22 | many people are buying and how many People are selling. And it's silly when |
95 | 00:09:22 --> 00:09:26 | you think about it, because you say, Oh, look at the buyers, the buying pressure. |
96 | 00:09:28 --> 00:09:34 | Here's how you quickly throw that into the bin. Okay, you cannot get filled on |
97 | 00:09:34 --> 00:09:39 | a long purchase of any instrument at all. How about someone took the other |
98 | 00:09:39 --> 00:09:51 | side of it. So there's transactions there. They're on both sides. It's funny |
99 | 00:09:51 --> 00:09:57 | how everybody misses the idea there. It's going up no matter how many |
100 | 00:09:57 --> 00:10:05 | contracts, how many shares, how many. Lots whatever entities matter. It's |
101 | 00:10:07 --> 00:10:13 | still the same buying and selling pressure at the same time. But you'll |
102 | 00:10:13 --> 00:10:17 | believe the books. You'll believe the authors that regurgitate everything else |
103 | 00:10:17 --> 00:10:23 | the books have called and it's funny how you're always learning and never come |
104 | 00:10:23 --> 00:10:26 | into the knowledge of the truth. You're never getting there, because you're |
105 | 00:10:26 --> 00:10:32 | believing the lies and you're drinking from the well that's tainted. If you go |
106 | 00:10:32 --> 00:10:36 | in looking for things that are false, not realizing what you're looking for is |
107 | 00:10:36 --> 00:10:44 | false. It's flawed logic, and it's it's easy to grow accustomed to saying, Well, |
108 | 00:10:44 --> 00:10:51 | you know, this game is random. It's not an even distribution of buying and |
109 | 00:10:51 --> 00:10:56 | selling winners. In my trading, I have to always be willing to see the market |
110 | 00:10:56 --> 00:11:11 | go into states of randomness. And that is everything's in here for that. See it |
111 | 00:11:11 --> 00:11:16 | happens, and we're trained right to a specific level, down to the quarter |
112 | 00:11:16 --> 00:11:26 | point stops and one has to admit, either the world collectively is, listen, it's |
113 | 00:11:26 --> 00:11:33 | a little old me, a nobody from Middle River, Maryland, and they're all |
114 | 00:11:33 --> 00:11:38 | marching to the beat and drum the pied piper playing. And they're buying. |
115 | 00:11:38 --> 00:11:40 | They're selling. They're stopping exactly where I said that level should |
116 | 00:11:40 --> 00:11:47 | be sensitive or and this is the truth of what it is. Market should break and |
117 | 00:11:47 --> 00:11:52 | they're set to that level by algorithmic price that it doesn't matter. All of a |
118 | 00:11:52 --> 00:11:57 | sudden, nobody wants to buy above that tick height. No one wants to sell below |
119 | 00:11:57 --> 00:12:05 | the tick when it's been dropping right where we say it's going to go to. Okay, |
120 | 00:12:05 --> 00:12:13 | look at your level two data. There's the orders below. Why aren't they getting |
121 | 00:12:13 --> 00:12:18 | back? Because they're not part of the party, folks, they're not, they're not. |
122 | 00:12:18 --> 00:12:28 | They're just left outside the 501 club. The people that are in the face right |
123 | 00:12:28 --> 00:12:32 | now, they're in there. They're moving and shaking. They're in there. They have |
124 | 00:12:32 --> 00:12:39 | been ushered in to the highest place right now. That's the volatility in the |
125 | 00:12:39 --> 00:12:43 | marketplace right now. They're in there, and you always have people that are |
126 | 00:12:43 --> 00:12:52 | outside waiting for somebody to let more people into the party they're trying to |
127 | 00:12:52 --> 00:12:59 | usher in. Please let me slip in. I'm at my foot. I can't let my in. Think about |
128 | 00:12:59 --> 00:13:06 | like that. Why aren't these moves getting that one quarter tick past it, |
129 | 00:13:06 --> 00:13:16 | when there's 300 buyers, 300 500 just beyond where we said it's going to go |
130 | 00:13:16 --> 00:13:30 | and it says can't come straight. You've never investigated because the books |
131 | 00:13:30 --> 00:13:37 | never told you to think that, just like when you go to school, they don't teach |
132 | 00:13:37 --> 00:13:40 | you how to be an entrepreneur, they don't teach you how to be your own |
133 | 00:13:40 --> 00:13:47 | business person and pay less taxes, get paid to spend the money that you made |
134 | 00:13:47 --> 00:13:52 | through your business, and then pay less in taxes and sign that makes even more |
135 | 00:13:52 --> 00:14:03 | than A salary you're going in, ill equipped, ill informed, uneducated, and |
136 | 00:14:03 --> 00:14:07 | I'm raising my hand right now because that's exactly how I started to as a 20 |
137 | 00:14:07 --> 00:14:15 | year old in 1992 I absolutely had no idea what I was doing, zero and scared. |
138 | 00:14:16 --> 00:14:20 | And every time I went in and I was buying I really didn't know what I was |
139 | 00:14:20 --> 00:14:26 | doing. I was very anxious. I could not afford to lose any money, and the times |
140 | 00:14:26 --> 00:14:31 | that I was wrong, I didn't understand how the market was going to come back |
141 | 00:14:32 --> 00:14:33 | and take the sales stops. |
142 | 00:14:42 --> 00:15:00 | Hey, that was the finding my way actually through understanding. Concept |
143 | 00:15:00 --> 00:15:05 | of a parent, because I was a perpetual fool, not because that's better than |
144 | 00:15:05 --> 00:15:10 | anything else, not because Larry Williams said so, not because anybody |
145 | 00:15:10 --> 00:15:14 | else I was beating the bull from said it's the only way to make money to go |
146 | 00:15:14 --> 00:15:21 | along. Remember, I was treating commodities, greens, cattle, lean, buy |
147 | 00:15:21 --> 00:15:26 | hogs. Think about it. Those markets are not just like straight up or straight |
148 | 00:15:26 --> 00:15:30 | down. They're all over the place. They have real supply, demand factors |
149 | 00:15:30 --> 00:15:34 | associated with them, not like equities, not like index features, not even like |
150 | 00:15:34 --> 00:15:40 | currencies. That's artificial. But the world's grocery store commodities, they |
151 | 00:15:41 --> 00:15:46 | have a real value. They're always going to have. They're never going to zero. |
152 | 00:15:47 --> 00:15:53 | Bitcoin can go to zero. Cattle prices will never go to zero. Everybody has |
153 | 00:15:53 --> 00:16:05 | their cheaper Okay, sometimes it's big, but narrative tells you, as the trader, |
154 | 00:16:06 --> 00:16:15 | is it really the right time to be buying when my bias is bullish, and narrative |
155 | 00:16:15 --> 00:16:20 | is the definition of how that timeframe that you're looking at is going to |
156 | 00:16:20 --> 00:16:25 | deliver to whatever target you arrive at in your analysis. Case in point would be |
157 | 00:16:25 --> 00:16:31 | this. Let's assume for a moment you're bullish on NASA, and you look at the |
158 | 00:16:31 --> 00:16:35 | weekly chart, you feel like, okay, it's going to go higher, and I think it's |
159 | 00:16:35 --> 00:16:40 | going to go up six to 600 to 700 handles from where it is at present. I'm not |
160 | 00:16:40 --> 00:16:43 | saying that's the case for right now. Saying like the bed, I know you're |
161 | 00:16:43 --> 00:16:47 | probably listening to it when someone asks you to and there's no reference to |
162 | 00:16:47 --> 00:16:55 | time, so don't listen to this thinking I'm applying to pre present marketing |
163 | 00:16:55 --> 00:16:55 | charts. |
164 | 00:17:02 --> 00:17:13 | And over the course of one or two, three, maybe four weeks of time. So |
165 | 00:17:15 --> 00:17:20 | you're going to submit yourself to four weeks of time for that target to be |
166 | 00:17:20 --> 00:17:25 | delivered to. There's relative equal high up there. There's a fair value gap, |
167 | 00:17:25 --> 00:17:29 | something other than balance. There's your reason for going up there. That's |
168 | 00:17:29 --> 00:17:34 | not the most important thing. The important thing is now that you arrive |
169 | 00:17:34 --> 00:17:44 | at that bullish bias, how will every single daily candle paints how the price |
170 | 00:17:44 --> 00:17:50 | book want to deal with Shark. We're going to overview how it flows that day, |
171 | 00:17:51 --> 00:18:02 | how it goes Monday and Friday. Where's the low from how much can it move for |
172 | 00:18:02 --> 00:18:09 | that particular and still be bullish, but not deliver it all in one shot? |
173 | 00:18:11 --> 00:18:16 | These are all questions. You have to have kind of a checklist. Now, I used to |
174 | 00:18:16 --> 00:18:20 | have a checklist that used to be a long like a pre flight list of things I'd |
175 | 00:18:20 --> 00:18:25 | worry about, and I shared it before, and you're gonna ask for it right now, and |
176 | 00:18:25 --> 00:18:29 | I'm sure somebody that has collected everything I've seen has it, will |
177 | 00:18:29 --> 00:18:38 | probably share. That's okay, that'll do. But it's as simple as this. Every |
178 | 00:18:38 --> 00:18:45 | session that is the London that is the Asian session, |
179 | 00:18:54 --> 00:19:06 | all of this information session, also, time based range, where there is what is |
180 | 00:19:06 --> 00:19:14 | going to do in that signal time. And they're like puzzle pieces. Think about |
181 | 00:19:14 --> 00:19:19 | like this. Anyone that does jigsaws, and I love jigsaw puzzles. I'm a I'm a |
182 | 00:19:19 --> 00:19:22 | problem solver. I've always invested puzzles, and I've collected jigsaw |
183 | 00:19:22 --> 00:19:28 | puzzles since I was a young guy, and the more pieces there are, the more I love |
184 | 00:19:28 --> 00:19:32 | it. And anybody that's ever done anything like puzzle knows that you |
185 | 00:19:32 --> 00:19:37 | gather all the smooth edges those pieces first. Doesn't that sound similar? |
186 | 00:19:38 --> 00:19:43 | Doesn't it have echoes to something I've already been teaching find that where |
187 | 00:19:43 --> 00:19:47 | it's smooth, okay? And then when you get all those smooth pieces, what are you |
188 | 00:19:47 --> 00:19:53 | doing? You're picking the border, the furthest extreme of whatever that image |
189 | 00:19:53 --> 00:19:59 | is that makes that jitsu. You build that border first and then start working. |
190 | 00:20:00 --> 00:20:05 | Your way in. That's the season two of jigsaw puzzles. You find all the border |
191 | 00:20:05 --> 00:20:11 | pieces first and then work your way in. Well, when I teach you reprise action, |
192 | 00:20:11 --> 00:20:19 | what do I tell you? Look for, look where it's smooth in price, because that's |
193 | 00:20:19 --> 00:20:23 | where it's going to disrupt. And here's the wonderful thing that occurs every |
194 | 00:20:23 --> 00:20:29 | session, every session, but you're looking at it just for the daily range |
195 | 00:20:29 --> 00:20:36 | on a 15 minute time frame where you're looking at it from low to high. Only one |
196 | 00:20:36 --> 00:20:40 | pool of liquidity. It's all that's going on right now. It's only going to reach |
197 | 00:20:40 --> 00:20:46 | for this one. And that's fine in the beginning, it's absolutely fine. That's |
198 | 00:20:46 --> 00:20:50 | the proper way of going through it. But if you stay there, you stagnate that |
199 | 00:20:50 --> 00:21:02 | perspective only looking forward, that's how you should start that's a low |
200 | 00:21:02 --> 00:21:07 | hanging fruit objective that's easy to get to. It's a quick, easy reward. It's |
201 | 00:21:07 --> 00:21:14 | an atta boy, the instant gratification of seeing it deliver like that. That is |
202 | 00:21:14 --> 00:21:23 | important as a development trigger. But it's not all there is. It's not all |
203 | 00:21:23 --> 00:21:29 | there is. The reason why I teach the lower time frames is because it gives |
204 | 00:21:29 --> 00:21:37 | you greater detail. It gets you down to the microscopic level, like someone that |
205 | 00:21:37 --> 00:21:44 | is a an engineer, and they study structures, real structures, steel |
206 | 00:21:44 --> 00:21:52 | bridges and whatnot. And they don't just walk around and look for bends and |
207 | 00:21:52 --> 00:21:57 | cracks. They're looking really detailed because they see stress fractures that |
208 | 00:21:57 --> 00:22:01 | are forming that you just won't see it'll make it up. So what are they |
209 | 00:22:01 --> 00:22:03 | doing? They're studying that bridge. They're looking at the lower time |
210 | 00:22:03 --> 00:22:11 | frames, the microscopic level. They're looking at stretch fracture, well in |
211 | 00:22:11 --> 00:22:15 | front of that sub one minute already. So |
212 | 00:22:23 --> 00:22:29 | lots of teaching, lots of study material. See it every day, not just one |
213 | 00:22:29 --> 00:22:36 | time. Wait weeks and weeks and weeks for healing charts. Don't be stubborn as a |
214 | 00:22:36 --> 00:22:40 | student. If you're stubborn as a student, you won't learn. You have to be |
215 | 00:22:40 --> 00:22:45 | always ready at the moment to learn something that I'm telling you is |
216 | 00:22:45 --> 00:22:50 | practical. That means everything that I'm applying to like, say, a 15 second |
217 | 00:22:50 --> 00:22:56 | chart. All those things happen on a four hour chart. They happen on a daily |
218 | 00:22:56 --> 00:23:01 | chart, they happen on a monthly chart, they happen on a yearly chart. Okay, so |
219 | 00:23:01 --> 00:23:03 | don't get yourself all that kind of shape thinking, Oh, this doesn't add |
220 | 00:23:03 --> 00:23:10 | this doesn't apply to me. So let me just excuse myself. Don't do that. If you |
221 | 00:23:10 --> 00:23:18 | look at a sub one minute chart for the session. So |
222 | 00:23:35 --> 00:23:44 | so it's an hour and a half time, and there was on a minute cycle. This is a |
223 | 00:23:44 --> 00:23:55 | block of nine minutes. If you look at sub one minute, you're going to see lots |
224 | 00:23:55 --> 00:24:00 | and lots of relative equal highs and relative equal lows, and you'll see how |
225 | 00:24:00 --> 00:24:03 | the market gyrates and clears those and then moves in the direction you thought |
226 | 00:24:03 --> 00:24:10 | was going to go, assuming your bias is correct. So narrative affords you the |
227 | 00:24:10 --> 00:24:15 | understanding of how on these smaller time frames, one minute, five minutes, |
228 | 00:24:15 --> 00:24:23 | sub one minute, how they're going to go intraday and see do not need level, |
229 | 00:24:27 --> 00:24:37 | profile, all the other stuff, PSA, all that stuff. It's no different than a |
230 | 00:24:37 --> 00:24:43 | bulletproof banner. DNA, exponential, media. They're just gimmicks. But you |
231 | 00:24:43 --> 00:24:50 | know what? What I'm teaching has a gimmick to it. It's liquidity. And I'm |
232 | 00:24:50 --> 00:24:54 | teaching you how to not even spend that much time worrying about if you're right |
233 | 00:24:54 --> 00:24:58 | or wrong, about where it exists, because they're always going to be below a |
234 | 00:24:58 --> 00:25:06 | single low. And even more so, below closely correlated lows. That means |
235 | 00:25:06 --> 00:25:11 | they're very, very close in proximity to around the same price. And the one |
236 | 00:25:11 --> 00:25:16 | that's most recently formed, if it's a low, it's gonna be slightly higher than |
237 | 00:25:16 --> 00:25:20 | the one previous to it that validates it. That's prime candidate for liquidity |
238 | 00:25:20 --> 00:25:27 | run made it and rip it and go the other direction. That's narrative. How does |
239 | 00:25:27 --> 00:25:33 | ICT buy it there? Why didn't you use that right there? Why didn't he buy it |
240 | 00:25:33 --> 00:25:37 | there? Why didn't we look at this as the market structure here? That's what I'm |
241 | 00:25:37 --> 00:25:44 | answering. Now a new student, it's less than it did. Leave something where you |
242 | 00:25:44 --> 00:25:48 | have your head, but I promise you bookmark this. They're gonna put it on |
243 | 00:25:48 --> 00:25:53 | their YouTube channel, and I gave them permission. But these are, this is my I |
244 | 00:25:53 --> 00:26:02 | could talk this talk, but that revenue, because I don't need the money and to |
245 | 00:26:02 --> 00:26:08 | prove that I'm trying to teach you helping, and the teacher needs notified |
246 | 00:26:08 --> 00:26:14 | by doing it, I know this is preaching. I know it's helping, but don't be |
247 | 00:26:14 --> 00:26:20 | frustrated if you're relatively new and it feels like it's going over your head. |
248 | 00:26:20 --> 00:26:24 | The people that do put it on their own YouTube channel, could you please just |
249 | 00:26:24 --> 00:26:28 | make sure you post the link? Don't do it 50 times in the comment section under |
250 | 00:26:28 --> 00:26:34 | this that's it's just one time. It's necessary. Don't spam so that way folks |
251 | 00:26:34 --> 00:26:38 | can watch it on your YouTube channel. They can pull up subtitles and do all |
252 | 00:26:38 --> 00:26:42 | that stuff and not worry me. But come back to this lesson and be a little bit |
253 | 00:26:42 --> 00:26:46 | more speak. Bit more experience. About two months experience, if you're brand |
254 | 00:26:46 --> 00:26:49 | new, about two months of watching my material when I'm going to before it |
255 | 00:26:49 --> 00:26:54 | happens, then this lesson will be much more to you then. But the brand new |
256 | 00:26:54 --> 00:26:58 | upstart, it seems alien, feels disconnected. But for the folks have |
257 | 00:26:58 --> 00:27:04 | been around for a while you've been around the block, you understand there |
258 | 00:27:04 --> 00:27:09 | are fair value that I said I won't touch. There are order blocks. I'm not |
259 | 00:27:09 --> 00:27:15 | trading. I'm finding the ones that make sense right now, because I'm trading |
260 | 00:27:15 --> 00:27:20 | with proper merits. I know I'm delicious. I make very close to you, |
261 | 00:27:21 --> 00:27:26 | it's going higher on the daily chart. Here's where it's going to go to |
262 | 00:27:26 --> 00:27:32 | wonderful again this past week, I was a little nervous. The previous week, I was |
263 | 00:27:32 --> 00:27:40 | afraid it was going to work. Oh, Michael, did this guy fooled himself? |
264 | 00:27:40 --> 00:27:49 | But knowing the high and the low of the session each session, as we close the |
265 | 00:27:49 --> 00:27:54 | morning session, call it 11 o'clock in the morning Eastern so 930 opening bell |
266 | 00:27:54 --> 00:28:03 | activities go through that range as soon as 11 o'clock hits, go down to a one |
267 | 00:28:03 --> 00:28:10 | minute chart, screenshot it, and then go into a 15 second chart. Now I understand |
268 | 00:28:10 --> 00:28:16 | some of you don't have a 15 second chart. This coming week, I will post |
269 | 00:28:16 --> 00:28:21 | them for you. Okay? I will post them in the telegram channel, so I will give you |
270 | 00:28:21 --> 00:28:28 | the same canvas that I'm going to use. Your homework this week is to use the |
271 | 00:28:28 --> 00:28:32 | charts I'm laying down for you in your telegram channel. You can find that |
272 | 00:28:32 --> 00:28:40 | television channel description and right underneath, I'm mistaken, I apologize, |
273 | 00:28:40 --> 00:28:45 | but it should be right below or above the link that takes you to my ex |
274 | 00:28:45 --> 00:28:52 | account, aka Twitter, that way you know you're using the proper telegram. You're |
275 | 00:28:52 --> 00:29:02 | watching something. They're offering your deficits. That's not me |
276 | 00:29:03 --> 00:29:14 | partnership. I'm not asking you 71 Katie, right? So if anybody does that |
277 | 00:29:14 --> 00:29:19 | and it has my name attached to my image, it's a fraud. It's a scam. Don't believe |
278 | 00:29:19 --> 00:29:26 | it. But the charts I post, I want you to do what I'm going to tell you now and |
279 | 00:29:26 --> 00:29:36 | then. I want you to do this every day as a trader, because this is what I do. You |
280 | 00:29:36 --> 00:29:39 | want to know how I see Christ. You want to get good at like I am. You're going |
281 | 00:29:39 --> 00:29:47 | to do this. The session closed at 11 o'clock, Eastern Time. I don't care if |
282 | 00:29:47 --> 00:29:51 | it continues going higher. I don't care if that we're talking about, but you |
283 | 00:29:51 --> 00:29:55 | have to encapsulate that jigsaw puzzle. You gotta get the border pieces first, |
284 | 00:29:56 --> 00:30:01 | ninth or 11 o'clock. You can make all the money. That you would ever dream of |
285 | 00:30:01 --> 00:30:10 | in that 90 minute period of time. I promise you, you don't think so. You |
286 | 00:30:11 --> 00:30:12 | think you gotta |
287 | 00:30:12 --> 00:30:17 | swing trade. See these guys, nobody can trade intraday. Scouts. You know how |
288 | 00:30:17 --> 00:30:18 | nobody scouts |
289 | 00:30:18 --> 00:30:25 | and makes money grow. Why are they ignoring all my students? Why are they |
290 | 00:30:25 --> 00:30:30 | all ignoring your prophets? The truth with Sean, why are they ignoring that? |
291 | 00:30:31 --> 00:30:37 | Isn't it odd? It's odd that everybody else outside of our group turns their |
292 | 00:30:37 --> 00:30:41 | cheek like, oh, it applies everybody else. So let's not talk about them, |
293 | 00:30:41 --> 00:30:48 | because they their cases are called and we are we are we do things different, |
294 | 00:30:50 --> 00:30:58 | and by taking that period of time from 930 to 11, |
295 | 00:31:05 --> 00:31:10 | when you're foolish, while you were foolish. Now, to be a you're only going |
296 | 00:31:10 --> 00:31:13 | to have the bias that I share, and there's nothing wrong with that. That's |
297 | 00:31:13 --> 00:31:18 | what I'm doing. I'm lending my experience. That's why I do it, because |
298 | 00:31:18 --> 00:31:21 | you don't know what you're doing, and you're gonna have a whole lot of time |
299 | 00:31:21 --> 00:31:25 | worrying and obsessively conversing yourself internally with a dialog that |
300 | 00:31:25 --> 00:31:29 | is self defeating. Gonna worry about things that don't have any bearing on |
301 | 00:31:29 --> 00:31:32 | what price is going to do, and you're going to be worried about the thoughts |
302 | 00:31:32 --> 00:31:35 | versus watching price action and gaining the experience of saying, Okay, I'm |
303 | 00:31:35 --> 00:31:36 | neutral. I want |
304 | 00:31:36 --> 00:31:43 | to watch to see what it does. That's the that's the missing piece that every |
305 | 00:31:43 --> 00:31:53 | failed ICT student, every trader, ignores. You have to discern how you |
306 | 00:31:53 --> 00:31:58 | internalize what's going on. As soon as it runs 10 handles, you're thinking it's |
307 | 00:31:58 --> 00:32:04 | going 100 I'm missing out FOMO fear of missing out on the moon because you saw |
308 | 00:32:04 --> 00:32:11 | something spur at this. I don't feel that. I'm not looking at price and |
309 | 00:32:11 --> 00:32:22 | saying, Wow, where did that come from? Oh, my goodness. I'm not thinking like |
310 | 00:32:22 --> 00:32:23 | that. How |
311 | 00:32:29 --> 00:32:36 | did you know that? How did you know that lectures like this, where I talk a lot |
312 | 00:32:38 --> 00:32:43 | because I'm filling in the space that you're going to free up when you take |
313 | 00:32:43 --> 00:32:47 | rid of all of that toxicity that you're thinking that, what if, thinking that |
314 | 00:32:47 --> 00:32:49 | scary stuff that you're thinking about because you don't know what you're |
315 | 00:32:49 --> 00:32:52 | doing. And I'm not trying to be condescending and talk down to you. It's |
316 | 00:32:52 --> 00:32:56 | normal for you to not understand what you're doing. It's normal for you to |
317 | 00:32:56 --> 00:32:59 | worry about, what's the bias, what's the what's what's it going to do? What's it |
318 | 00:32:59 --> 00:33:03 | going to do? I just want to get in. I want to make money. |
319 | 00:33:03 --> 00:33:07 | Because if I can't make money, the people that I told foolishly before I |
320 | 00:33:07 --> 00:33:09 | learned how to do this, they're going to be |
321 | 00:33:09 --> 00:33:13 | asking me, how you doing what I'm going to tell them. You tell them nothing. You |
322 | 00:33:13 --> 00:33:18 | tell them. I'm still working towards a goal. That's it. They completely diffuse |
323 | 00:33:18 --> 00:33:21 | the whole conversation, and it takes you right back to anything outside of that, |
324 | 00:33:22 --> 00:33:29 | but that 90 minute period of time that's your border of that jigsaw puzzle. And |
325 | 00:33:29 --> 00:33:34 | every day you want to go back through that on a sub one minute chart, and |
326 | 00:33:34 --> 00:33:43 | you're going to start seeing details that literally eluded you see when I'm |
327 | 00:33:43 --> 00:33:49 | showing through my recordings of me doing execution, my trades, cleaning out |
328 | 00:33:49 --> 00:33:49 | here, |
329 | 00:33:55 --> 00:34:01 | I said this before. I'm not hiding it, but if I'm watching 12 monitors, how |
330 | 00:34:01 --> 00:34:06 | could I possibly have all 12 monitors and the perspective that I'm gleaning |
331 | 00:34:06 --> 00:34:11 | from all of them collectively in a cohesive manner to say, Okay, this is |
332 | 00:34:11 --> 00:34:16 | how my brain internalizes what I'm explaining to you today. Settle down. |
333 | 00:34:16 --> 00:34:19 | Some of you're like, you get to the point. Get to the point. I am getting to |
334 | 00:34:19 --> 00:34:23 | the point, but I have to smooth the playing field for everybody that are |
335 | 00:34:23 --> 00:34:27 | constantly looking for things as an abstraction, or talk themselves out of |
336 | 00:34:27 --> 00:34:32 | it entirely not realize they're doing because you want to learn it right away, |
337 | 00:34:32 --> 00:34:36 | real fast, maybe that real fast version of it can't find that fast version. |
338 | 00:34:38 --> 00:34:44 | That's why, that's why I do these discussions with you. I don't monetize |
339 | 00:34:44 --> 00:34:50 | them, because it kills the whole thing of your just drip, drip, drip. Instead |
340 | 00:34:50 --> 00:34:54 | the same in five minutes being done with it, you can't catch like 33 years of |
341 | 00:34:54 --> 00:35:00 | experience inside of an hour long, even a four hours a ring. Can't you? Do that. |
342 | 00:35:00 --> 00:35:05 | Ask any professional that's highly upper tier in their profession, whatever |
343 | 00:35:05 --> 00:35:09 | they're doing, they're recognized for it. They can't come to you and say, Hey, |
344 | 00:35:10 --> 00:35:14 | this is what you do. This is what you don't do, and do it in an hour, and you |
345 | 00:35:14 --> 00:35:19 | walk away and you never need to tap into them again. If you can't get that, it |
346 | 00:35:19 --> 00:35:29 | just sounds like that in the menu today is everybody has a market, and they tap |
347 | 00:35:29 --> 00:35:34 | into me because they know I can talk for a long, long time. And for people that |
348 | 00:35:34 --> 00:35:40 | aren't trying to learn, they don't appreciate that level depth, because |
349 | 00:35:40 --> 00:35:44 | that depth is what you're lacking. That's what's missing from every book |
350 | 00:35:44 --> 00:35:48 | out there. That's what's missing from every other mentor that's teaching |
351 | 00:35:48 --> 00:35:53 | trading or reading price action, because they don't have the experience doing |
352 | 00:35:53 --> 00:35:59 | what I've done, come forward and do it if they could. They don't. They're in |
353 | 00:35:59 --> 00:35:59 | here listening to me. |
354 | 00:36:04 --> 00:36:11 | You take that sublimination, and you go through it when you're foolish of bias. |
355 | 00:36:12 --> 00:36:21 | You look for a time that it meets relatives, and you record that. Then you |
356 | 00:36:21 --> 00:36:28 | record how far higher it loses before coming back down to get them again. |
357 | 00:36:29 --> 00:36:37 | Running for love. And you want to mark the time. And you start doing this every |
358 | 00:36:37 --> 00:36:46 | day. Every day you're going to see things that you never saw before. Your |
359 | 00:36:46 --> 00:36:51 | subconscious is going to see so many opportunities every single day for weeks |
360 | 00:36:51 --> 00:36:56 | and months and forever. As long as you're a trainer, that perspective is |
361 | 00:36:56 --> 00:37:03 | going to unlock. Why I'm picking that specific one minute hand, it's going to |
362 | 00:37:03 --> 00:37:09 | unlock why I'm waiting, but I'm not yet. I'm interested yet. And you're also |
363 | 00:37:09 --> 00:37:16 | going to see time based price runs that they cannot fucking hide from you. They |
364 | 00:37:16 --> 00:37:20 | can't hide it from you. If you're looking for it. How they going to hide |
365 | 00:37:20 --> 00:37:27 | it? The price is going to move period. They're not going to be switching prices |
366 | 00:37:27 --> 00:37:30 | and time deliveries all the time. They can't. They can do it for a short period |
367 | 00:37:30 --> 00:37:33 | of time. They can do it for a short period of time. |
368 | 00:37:33 --> 00:37:37 | But don't lose your mind and think, oh no, they changed everything. They |
369 | 00:37:37 --> 00:37:39 | finally caught on the IC team. They're changing |
370 | 00:37:39 --> 00:37:49 | everything. If you have 20 plus years of me having a face in this industry where |
371 | 00:37:49 --> 00:37:54 | people could say, This guy says this. This guy says that, if everybody starts |
372 | 00:37:54 --> 00:38:04 | doing it, ICT methods is going to be the new retail it's nothing, because what |
373 | 00:38:04 --> 00:38:08 | I'm teaching you is the heart of what makes these markets up and down. |
374 | 00:38:13 --> 00:38:19 | What time is the market winning bell for electronic trading hours, I'm sorry for |
375 | 00:38:19 --> 00:38:26 | regular trading hours, 930 Eastern time. Can they hide that from you? Yeah, how |
376 | 00:38:26 --> 00:38:31 | about 11 o'clock on the dot, not one day before, not one day after. Can they hide |
377 | 00:38:32 --> 00:38:36 | the time of 11 o'clock, Eastern Time from you? It doesn't matter if you're in |
378 | 00:38:36 --> 00:38:42 | another time zone or not, that time is a static. They can't change, not going to |
379 | 00:38:42 --> 00:38:48 | reinvent. Think about it. You're worried about things that are completely outside |
380 | 00:38:48 --> 00:38:53 | the scope of reasonable. So if you're bullish and you think that the market's |
381 | 00:38:53 --> 00:38:57 | going to go several 100 handles, because the weekly chart implies that, well, |
382 | 00:38:57 --> 00:39:02 | everything keeps going up and every down. Closed candle supports price. So |
383 | 00:39:02 --> 00:39:07 | order flow is bullish. See how these seven is I don't need an overflow on |
384 | 00:39:07 --> 00:39:11 | level two, I've already made a mockery of it several times, even in his |
385 | 00:39:11 --> 00:39:16 | presentation, because there's many orders above and below the daily rains |
386 | 00:39:16 --> 00:39:20 | that never get tagged in. But there's certainly hundreds of them sitting |
387 | 00:39:20 --> 00:39:24 | there, and they never grab them. They Never yank them in by their lapels or by |
388 | 00:39:24 --> 00:39:33 | their hair and drag them into the party they're leaving them, because that |
389 | 00:39:33 --> 00:39:39 | psychological impact I want to get my target and then you pull it back against |
390 | 00:39:39 --> 00:39:45 | them. What are they going to do then start lowering their willingness to get |
391 | 00:39:45 --> 00:39:52 | out at a lower price, and that's where your bare spirit gaps coming. See that |
392 | 00:39:52 --> 00:39:57 | that's the reality of what's going on. But narrative is, how will that daily |
393 | 00:39:57 --> 00:40:06 | range develop? Do? At what time will the daily range create the low? At what time |
394 | 00:40:06 --> 00:40:13 | will it create the lunch high? And how will that high or low during the lunch |
395 | 00:40:13 --> 00:40:20 | hour be utilized starting at 130 Eastern time, because that closes that once |
396 | 00:40:20 --> 00:40:28 | period, to two hour window from 1130 to 130 inside there's two hours. The only |
397 | 00:40:28 --> 00:40:41 | thing you're looking for itself, interested in what has happened in what |
398 | 00:40:41 --> 00:40:50 | has happened? What has happened in the morning? Have we gone up? Okay, here is |
399 | 00:40:50 --> 00:40:58 | a perfect, perfect, intra day bias, I said perfectly by saying it's perfect, |
400 | 00:41:00 --> 00:41:05 | even if the market is going to reverse on you and you're trading inside of a |
401 | 00:41:05 --> 00:41:12 | market that's primarily bullish, this will work for you. If the market's |
402 | 00:41:12 --> 00:41:16 | foolish and it's going to continue in the afternoon, it's still going to work |
403 | 00:41:16 --> 00:41:19 | for you. The only |
404 | 00:41:19 --> 00:41:23 | time it will not give it to you in terms of an opportunity. It's when you have |
405 | 00:41:23 --> 00:41:27 | this one shot that out of hell, it never turns around and just keeps going up |
406 | 00:41:27 --> 00:41:34 | and up and up and up or down. How many times you see them in a month? Some of |
407 | 00:41:34 --> 00:41:39 | you don't even know. Some of you don't even know how long it takes before one |
408 | 00:41:39 --> 00:41:47 | of those days form, and how frequent but in their farming time, to get into a |
409 | 00:41:47 --> 00:41:50 | tree, and you think that that's exactly what's going to happen that |
410 | 00:41:55 --> 00:42:01 | day, or you think it's going to fit on your finger, like that's interesting. |
411 | 00:42:01 --> 00:42:09 | That scares you for the first one, is enticing you with greed. So you think |
412 | 00:42:09 --> 00:42:12 | every day is going to be like a bat out of hell. It's going to go straight, |
413 | 00:42:12 --> 00:42:18 | straight up, straight down, parabolic. Even knowing that that's a fear for you, |
414 | 00:42:18 --> 00:42:25 | you still lose times. Does that make any sense? I'm afraid that the market's |
415 | 00:42:25 --> 00:42:32 | going to tear my head off and use it as a soccer ball. But I'm afraid to put |
416 | 00:42:32 --> 00:42:37 | stock also and protect my you're not a trader. You think like that. You do |
417 | 00:42:37 --> 00:42:40 | that. You're not a trader. Don't call yourself a trader. Don't even post your |
418 | 00:42:40 --> 00:42:45 | payoffs because you're not trading your gambling and gamers. You can do that for |
419 | 00:42:45 --> 00:42:58 | a period of time until we are not allowed. There is a business agent |
420 | 00:42:58 --> 00:43:09 | session free market. Now I walk you through that this I gave you an example |
421 | 00:43:09 --> 00:43:13 | of going through, look for this liquidity, look for that liquidity. Put |
422 | 00:43:13 --> 00:43:17 | up your chart, and then I gave you a key a chart that shows those very levels |
423 | 00:43:17 --> 00:43:26 | this week for my reviews, is that complicated? Is it complex? Am I hiding |
424 | 00:43:26 --> 00:43:33 | something? Am I contorting the logic to make it so it's never achievable in your |
425 | 00:43:33 --> 00:43:40 | own hands? No, of course, not. Of course not. At six o'clock Eastern time, let me |
426 | 00:43:40 --> 00:43:47 | start things up. And let me put this to that real quick. I taught you several |
427 | 00:43:49 --> 00:43:55 | forms of gaps that are not standard theory in in learning, in the industry, |
428 | 00:43:57 --> 00:44:11 | if you recall how we have a close at 414 for all you folks, for all your mentor |
429 | 00:44:12 --> 00:44:20 | send me emails and I'm not reading your title or leaving comments. What are we |
430 | 00:44:20 --> 00:44:32 | going to do when it keeps trading 24 hours? Oh, I'm going to quit. I'm going |
431 | 00:44:32 --> 00:44:38 | to quit, and I'm probably going to start selling these cars and starting to own |
432 | 00:44:38 --> 00:44:44 | things. That's what my left, nothing after that, right? Me, all of my trading |
433 | 00:44:44 --> 00:44:50 | hinges on separation from five o'clock at six o'clock. I mean, what is ICP |
434 | 00:44:50 --> 00:44:59 | without that? Right? Folks, relax, if you take the closing price when price. |
435 | 00:45:00 --> 00:45:08 | No longer delivers, quote, unquote, to the pits when they were active the final |
436 | 00:45:08 --> 00:45:13 | settlement price. If you take that and you apply it to six o'clock first tick, |
437 | 00:45:13 --> 00:45:23 | I don't give up some of your sleep. I don't care if they keep it going. I'm |
438 | 00:45:23 --> 00:45:27 | going to still use the first tick opening price at six o'clock. All |
439 | 00:45:27 --> 00:45:33 | they're going to do, folks is hide it that way. That's all. This is okay. It's |
440 | 00:45:33 --> 00:45:43 | smoke and mirrors, baby. I got no idea what. I got no idea those separations |
441 | 00:45:43 --> 00:45:49 | between that price at 414, and six o'clock first tick that is still going |
442 | 00:45:49 --> 00:45:53 | to be whether there's a separation of trading or not. It's still going to be |
443 | 00:45:53 --> 00:45:59 | intuitional price. You watch, you watch and see that it isn't still there. |
444 | 00:45:59 --> 00:46:02 | Everybody else, and so they better be safe here. They're thinking, Oh, it's |
445 | 00:46:02 --> 00:46:06 | going to go away because you're changing everything. They ain't changing shit. |
446 | 00:46:07 --> 00:46:11 | They can't change it. The market's going to go up and down. There's going to be |
447 | 00:46:11 --> 00:46:17 | inefficiencies. There's always going to be there. See, I'm making billionaires |
448 | 00:46:17 --> 00:46:22 | with these simple little chips. I'm dropping here. Watch right here. Screw |
449 | 00:46:23 --> 00:46:31 | everything else. Focus here, because it's going to draw price in this. Let |
450 | 00:46:31 --> 00:46:34 | Christ get along. Keep going. Don't close it five o'clock. Keep it going. |
451 | 00:46:34 --> 00:46:39 | We're going to screw all. You're going to screw people that don't listen to me, |
452 | 00:46:41 --> 00:46:45 | cuz they won't see it, but it's still gonna be there. Don't believe me. Don't |
453 | 00:46:45 --> 00:46:49 | believe me. I want you to hold that down, because when the ship still starts |
454 | 00:46:49 --> 00:46:53 | working, and I'm pulling out your face on it, and it's gonna be it's precisely |
455 | 00:46:53 --> 00:47:01 | everything else I'm doing, you're gonna help, right? Because it's the bad shit |
456 | 00:47:01 --> 00:47:02 | you |
457 | 00:47:08 --> 00:47:16 | regardless, and they cannot stop you. They cannot stop you. They can't prevent |
458 | 00:47:16 --> 00:47:22 | you from seeing this. They cannot hide. Sure, sure they can go in there and call |
459 | 00:47:22 --> 00:47:30 | the market 8120, handles just like that. Sure that can happen, but they're not |
460 | 00:47:30 --> 00:47:34 | going to do that every 15 minutes. They're not going to do that every hour, |
461 | 00:47:36 --> 00:47:43 | because that volatility is going to cause. Oh, step that thing, just settle |
462 | 00:47:43 --> 00:47:51 | in. See high volatility can only exist for a short period of time, and it's |
463 | 00:47:51 --> 00:47:55 | part of a narrative understanding you have to have that in your understanding. |
464 | 00:47:55 --> 00:48:01 | You cannot let that freak you out. You cannot let some kind of a surprise price |
465 | 00:48:01 --> 00:48:07 | rate that comes back for liquidity, rips their head off and then starts going |
466 | 00:48:07 --> 00:48:12 | back in the same direction it's going. See, you're afraid I'll get stopping |
467 | 00:48:14 --> 00:48:18 | because I can identify what that was. Oh, yeah. Okay. No problem. No problem. |
468 | 00:48:18 --> 00:48:26 | Phil. Phil's behind the screen that's pulling the strings, watching ICT on x |
469 | 00:48:26 --> 00:48:30 | and listening to him on this live. It's live presence right now, taking notes. |
470 | 00:48:30 --> 00:48:33 | Well, I'm going to screw up here. I'm going to change this. Still, can't do |
471 | 00:48:33 --> 00:48:41 | shit. Can't do shit. You can't do anything except for widen the risk |
472 | 00:48:41 --> 00:48:47 | momentary, that's it, and that can't happen every day. So that means, guess |
473 | 00:48:47 --> 00:48:52 | what? You might get stopped out. You may incur a loss. But for me, I'm going to |
474 | 00:48:52 --> 00:48:57 | make that thing here, take the next TV right, and not back in again. I'm going |
475 | 00:48:57 --> 00:49:07 | to wait. What am I going to wait for? Inadvertent therapy? I'm the weather's |
476 | 00:49:10 --> 00:49:17 | going to be the Thursday, the third Thursday of June. I know the weather's |
477 | 00:49:17 --> 00:49:21 | going to be in the marketplace that day. I know the weather's going to be in the |
478 | 00:49:21 --> 00:49:26 | marketplace for NASDAQ on any trading day. There is what are they going to |
479 | 00:49:26 --> 00:49:30 | hide from me? Nothing. They can't hide anything |
480 | 00:49:37 --> 00:49:42 | from you. Be not worried. I told you in the beginning, you're in penance. I'm |
481 | 00:49:42 --> 00:49:50 | not charging you anything to give you this information, doubters come because |
482 | 00:49:50 --> 00:49:56 | you see it, just like I watch them and their opinion you. |
483 | 00:50:04 --> 00:50:07 | You should be encouraged. You should be encouraged by the doubters that come |
484 | 00:50:07 --> 00:50:11 | here and stay in my comment section and say, Oh, this stuff doesn't work. |
485 | 00:50:16 --> 00:50:24 | Every day, taking that 90 minute window, 930 to 11 o'clock, see, I |
486 | 00:50:24 --> 00:50:30 | testifications. Just say what you gotta say. I am I'm saying exactly how I want |
487 | 00:50:30 --> 00:50:36 | to say sub one minute 15 second chart. You can do it with 32nd chart too. But I |
488 | 00:50:37 --> 00:50:43 | like 15 seconds because I'm teaching you this is how I do so you want me to tell |
489 | 00:50:43 --> 00:50:52 | you how I'm doing. I look at relative sharp. And I want to see what time you |
490 | 00:50:52 --> 00:50:58 | go down below that now, then I want to see also how frequently it does it |
491 | 00:51:00 --> 00:51:06 | you're going to find that within every hour, there's a range that you do the |
492 | 00:51:06 --> 00:51:11 | same thing, beyond non gradient, below the cloud. And that's why I told you, I |
493 | 00:51:11 --> 00:51:16 | don't need a daily chart. I don't need the trade with a 15 minute time frame |
494 | 00:51:16 --> 00:51:20 | and wait for sets the form there. I don't need you just a one minute fair |
495 | 00:51:20 --> 00:51:27 | value gap. I can use a 60 minute candlestick, any of them during active |
496 | 00:51:27 --> 00:51:32 | trading, even during Asia. I can trade inside that 60 minute window of time and |
497 | 00:51:32 --> 00:51:37 | treat it just like a daily chart. Now, sure, I'm not going to get 150 handles, |
498 | 00:51:37 --> 00:51:43 | but I'm going to get the lines portion of that hour and range. Usually, when |
499 | 00:51:43 --> 00:51:50 | I'm teaching here, for the good people you don't get you have no idea, bookmark |
500 | 00:51:50 --> 00:51:57 | this lesson, because the things I'm talking about, you're going to know more |
501 | 00:51:57 --> 00:52:03 | about studying what I call then you go back in, you start looking like hell, |
502 | 00:52:03 --> 00:52:07 | what's going on here? Like this is obvious. This is so obvious you're going |
503 | 00:52:07 --> 00:52:12 | to want to run to a brick wall because it's going to go back recover. I am not |
504 | 00:52:12 --> 00:52:18 | afraid of missing anything. I am not afraid of missing shit. They can't hide |
505 | 00:52:18 --> 00:52:24 | this exactly. That's where my confidence comes from. See people that are weak |
506 | 00:52:24 --> 00:52:29 | minded little dip energy, they come here and they literally can't stand it, |
507 | 00:52:29 --> 00:52:32 | because they're shitting themselves every single day when these price |
508 | 00:52:32 --> 00:52:35 | targets are going up in there, they have no idea what they're doing. But you do? |
509 | 00:52:35 --> 00:52:39 | You? Do you know what you're looking for, and you're learning more now? |
510 | 00:52:42 --> 00:52:49 | Narrative, is this, when your bias is bullish, you're expecting the daily |
511 | 00:52:49 --> 00:52:59 | close to start working towards higher levels. Emphasis placed on moving |
512 | 00:52:59 --> 00:53:10 | towards it need not close on the it need not close above the opening. How many |
513 | 00:53:10 --> 00:53:15 | times we've seen in previous mark where the market is bullish and you see an |
514 | 00:53:15 --> 00:53:26 | opening small, little shadow of tail, right? It wraps up slightly below that |
515 | 00:53:28 --> 00:53:35 | thing that's fake. They know there's a lot of Steve Neilson pronates out there |
516 | 00:53:35 --> 00:53:48 | that say Dragon, whatever you want to call it. It's topped. It looks toppy |
517 | 00:53:48 --> 00:53:52 | here. Look what it did. It's rejection. And they're gonna look at their |
518 | 00:53:53 --> 00:53:58 | indicators. I keep twisting the data and beating up and keep putting different |
519 | 00:53:59 --> 00:54:10 | settings on it. I'm gonna eventually see a bearish eye version. Making fun of you |
520 | 00:54:10 --> 00:54:13 | because I'm being me. I'm remembering what the dumb should I do? |
521 | 00:54:22 --> 00:54:29 | Wish our targets over time. Narrative is, how are we going to make that big |
522 | 00:54:29 --> 00:54:35 | range? I told you, Asian session. |
523 | 00:54:46 --> 00:54:51 | That's always a candidate for them to take down the market below that before |
524 | 00:54:51 --> 00:54:56 | it was not a lot of times see that. But before I put this session, I will tell |
525 | 00:54:56 --> 00:54:57 | you when they do. |
526 | 00:55:07 --> 00:55:15 | Where is the single low or ideally relative equal loads inside that window |
527 | 00:55:15 --> 00:55:20 | of time? Many times you're going to see it go for that, more times than anything |
528 | 00:55:20 --> 00:55:27 | else that's going to go for that, being able to look at the seven o'clock in the |
529 | 00:55:27 --> 00:55:33 | morning, to wait before the opening about 930 and find the relative equal |
530 | 00:55:33 --> 00:55:39 | lows in that period when you're bullish. Now everything I just said, reverse it |
531 | 00:55:39 --> 00:55:43 | when you're bearish, when you're buying since Paris, you're expecting price to |
532 | 00:55:43 --> 00:55:49 | go lower. What fools and liquidation? Focus on Asian range session, roads with |
533 | 00:55:49 --> 00:55:55 | people, odds. And that means basically start at six o'clock. I'm giving you six |
534 | 00:55:56 --> 00:56:03 | times, but I wish that that's the stupidest thing. Sometimes you don't |
535 | 00:56:03 --> 00:56:08 | even observe it, and that's what caused us these little blurry areas of price |
536 | 00:56:08 --> 00:56:14 | action, because there's people trading big signs, and they're going to be |
537 | 00:56:14 --> 00:56:20 | placed in stops above or below these periods of time relative to and that's |
538 | 00:56:21 --> 00:56:25 | why there's this period of time of about a week, maybe a week and a half, when we |
539 | 00:56:25 --> 00:56:29 | transition from Daylight Savings Time to moving back to non daylight savings |
540 | 00:56:29 --> 00:56:35 | time. So with my kill zone, that means the windows are time I'm operating in. I |
541 | 00:56:35 --> 00:56:40 | expand it one hour, and I just always work with that. That's why you're always |
542 | 00:56:40 --> 00:56:43 | seen this one lesson, you'll hear me talk about |
543 | 00:56:44 --> 00:56:47 | the Asian session, or the Asian range being at this time and that time. |
544 | 00:56:47 --> 00:56:49 | Initially I started, I |
545 | 00:56:49 --> 00:56:54 | told it as a static time, but over time, I got more comfortable revealing more |
546 | 00:56:54 --> 00:56:57 | stuff that I again, I didn't want to teach you everything, and I still |
547 | 00:56:57 --> 00:57:01 | haven't taught you, and I never will, really. You know, it's gonna piss you |
548 | 00:57:01 --> 00:57:05 | off. I don't care. I could stop. I could have stopped 10 years ago and you had |
549 | 00:57:07 --> 00:57:14 | but, I mean, some of you guys are just maniacs, but at six o'clock to nine |
550 | 00:57:14 --> 00:57:19 | o'clock, there's three hours there, if you want to be a purist, seven o'clock |
551 | 00:57:19 --> 00:57:25 | to 9pm Eastern Time, there's your Asian session, okay, inside that period of |
552 | 00:57:25 --> 00:57:31 | time, same thing. |
553 | 00:57:38 --> 00:57:46 | Everything is always, never. Time is in New York. That's the average. It might |
554 | 00:57:46 --> 00:57:58 | say it's got Wellington. The moment is a central hub notebook, Midnight opening |
555 | 00:57:58 --> 00:58:05 | price. There's your beginning of the financial day. Everything is relative to |
556 | 00:58:05 --> 00:58:12 | where that thing opened up there and where it moves highest and lowest for 30 |
557 | 00:58:12 --> 00:58:20 | minutes until 1230 that's an opening range that sets up moves for London. |
558 | 00:58:21 --> 00:58:25 | Okay? It really |
559 | 00:58:33 --> 00:58:39 | that will help you. |
560 | 00:58:52 --> 00:58:59 | Then at seven o'clock in the morning to 930 in the morning, that's pre market |
561 | 00:58:59 --> 00:59:04 | session trading. That's it for the opening bell. It's after London session |
562 | 00:59:05 --> 00:59:12 | opening post Asia's lunch. I'm sorry. Asia's closed. And then what do you have |
563 | 00:59:16 --> 00:59:22 | a small little window of two and a half hours and you're gonna do the same |
564 | 00:59:22 --> 00:59:27 | thing, one minute chart, sub one minute 15 seconds. You're gonna look, when |
565 | 00:59:27 --> 00:59:36 | you're bullish, look for wealthy people, what kind of a form and how long it |
566 | 00:59:36 --> 00:59:36 | takes |
567 | 00:59:42 --> 00:59:53 | for the our time start seeing time based deliveries that are within a 15 minute |
568 | 00:59:53 --> 01:00:03 | always repeat, and that just doesn't happen. I can't folks, nobody's thinking |
569 | 01:00:03 --> 01:00:07 | about like that. Their circadian alarm clocks are not kicking in saying I |
570 | 01:00:07 --> 01:00:18 | haven't done trading 15 minutes. They're evenly distributed all the prices to |
571 | 01:00:18 --> 01:00:27 | afford the influx of trades that are coming in before that 930 so they can't |
572 | 01:00:27 --> 01:00:33 | take every every possible buy order and sell order and funnel it in and just in |
573 | 01:00:33 --> 01:00:37 | the first couple minutes, it's impossible, because the market's moving, |
574 | 01:00:39 --> 01:00:43 | and there's limitations placed on these large conglomerates that push their |
575 | 01:00:43 --> 01:00:47 | orders into the marketplace. They have to get their price, folks, they're not |
576 | 01:00:47 --> 01:00:50 | like you saying, Well, shit we've done, |
577 | 01:00:50 --> 01:00:53 | had an aversion fair value gap, and then an order block formed, and then there's |
578 | 01:00:53 --> 01:00:56 | a propulsion block, and then there's a fair value gap, and that's formed in a |
579 | 01:00:56 --> 01:00:58 | diversion fair value gap. This is probably going |
580 | 01:00:58 --> 01:01:01 | to go up now, so let me get in there now and chase it. They're not. They're not. |
581 | 01:01:01 --> 01:01:06 | They don't do that. They gotta. They have to get deep discount pricing, |
582 | 01:01:08 --> 01:01:15 | because that discount pricing affords them to spread that purchase into those |
583 | 01:01:15 --> 01:01:21 | areas I've just mentioned. They push, they push as much as they can on the run |
584 | 01:01:21 --> 01:01:28 | below the drugs, and then they wait for these imbalances, and they push them. |
585 | 01:01:30 --> 01:01:38 | When your trade works out, you just happen to be on their COVID. That's why |
586 | 01:01:38 --> 01:01:43 | knowing what you're looking for is terror and what is not in the chart, but |
587 | 01:01:43 --> 01:01:49 | you want to have happen, don't try to be ahead of the setup. I've blown so many |
588 | 01:01:49 --> 01:01:55 | accounts. I lost fortunes doing that as a young man, getting this case of, I'm a |
589 | 01:01:55 --> 01:02:00 | hot shot. I know everything. I know everything. I know it's going to go up, |
590 | 01:02:00 --> 01:02:03 | and I knew it's probably going to get these little wiggle back. Wiggle angles |
591 | 01:02:03 --> 01:02:08 | I can see. But guess what? I'm going to be before that even forms, because I |
592 | 01:02:08 --> 01:02:20 | didn't and then I didn't have it wasn't pretty Spanish, chasing the idea that it |
593 | 01:02:20 --> 01:02:24 | will form, but I'm going to be there for that's impatience. That's me loving |
594 | 01:02:24 --> 01:02:31 | winning. That's me loving the profits. That's loving Doctor salary trades. I |
595 | 01:02:31 --> 01:02:35 | want another one. Damn it. It's been 45 minutes since the last one. I'm going to |
596 | 01:02:35 --> 01:02:45 | go in again. There's no reason else can get in. So, okay, I understand the |
597 | 01:02:45 --> 01:02:49 | market's bullish. That's not narrative. Narrative is is, how are we going to |
598 | 01:02:49 --> 01:02:57 | make this bullish candle today, and it need not close bullish? Remember, if you |
599 | 01:02:57 --> 01:03:02 | see these candlesticks that open trade up when you're bullish, but they have a |
600 | 01:03:02 --> 01:03:06 | lower close below the opening price bearish to retail traders, that looks |
601 | 01:03:06 --> 01:03:16 | like buying pressure cycle, selling pressure increase. That's bullshit. All |
602 | 01:03:16 --> 01:03:22 | that is if the market comes right back down to read the book and what many |
603 | 01:03:22 --> 01:03:27 | times will happen is you'll see at the restart session, and then seven o'clock, |
604 | 01:03:29 --> 01:03:29 | at |
605 | 01:03:39 --> 01:03:44 | 930 in the morning, Eastern Time. Eastern time, they'll come down, rip |
606 | 01:03:44 --> 01:03:50 | through that and every trader in the world. So they comes, look out. They'll |
607 | 01:03:50 --> 01:03:54 | start posting on Instagram. They'll start posting in the Facebook groups. |
608 | 01:03:54 --> 01:03:59 | They'll go on X tell everybody, oh, you need to watch out. Here comes lower |
609 | 01:03:59 --> 01:04:02 | prices, baby. We're gonna see who separates the men from the boys, because |
610 | 01:04:02 --> 01:04:07 | all of the smart people are selling short, and I'm going nearby. |
611 | 01:04:16 --> 01:04:23 | Suddenly in the afternoon, they're quiet, and I'm saying that was random. |
612 | 01:04:27 --> 01:04:33 | You don't need to see anything. Just that boring. You want me to add all |
613 | 01:04:34 --> 01:04:46 | kinds of stuff. Here's what I'm eating for breakfast. Here's the pair of hands |
614 | 01:04:46 --> 01:04:55 | and shirt. Oh, fucking contrary. Don't you understand the trip sooner? Maybe |
615 | 01:04:55 --> 01:05:05 | I'm not trying to fit in. I. Bullish, less likely Asian session low, less |
616 | 01:05:05 --> 01:05:10 | likely to take them. When is it likely that it will do that? ICP can help you. |
617 | 01:05:10 --> 01:05:14 | Help me there? Yeah, sure. No problem. When there's a 10 O'Clock News drive on |
618 | 01:05:14 --> 01:05:22 | economic calendar, if you do not look at this primary one, |
619 | 01:05:36 --> 01:05:40 | by having a 10 O'Clock News driver or 9:45am Eastern Time news driver, that |
620 | 01:05:41 --> 01:05:52 | means a report that's red. You're likely to see Asia's lows be taken, especially |
621 | 01:05:52 --> 01:05:59 | if there has been a modest increase, moving higher since you gotta look at |
622 | 01:05:59 --> 01:06:06 | what has happened prior to 930 if it's a straight up run higher, it almost looks |
623 | 01:06:06 --> 01:06:11 | like a 45 degree angle. Okay, chances are they're going to come all the way |
624 | 01:06:11 --> 01:06:17 | back down on that red folder news event at 945 or 10 o'clock. So Don't, don't be |
625 | 01:06:17 --> 01:06:22 | in there trying to get a just a gap close on the opening or don't look for |
626 | 01:06:22 --> 01:06:27 | the simple little it dropped down one standard deviation of this or that. No, |
627 | 01:06:27 --> 01:06:33 | no, no. Narrative says I'm going to wait and see. Are they going to tear the |
628 | 01:06:33 --> 01:06:38 | heads off of everyone that has a stop loss? And I look for Asian loads when |
629 | 01:06:38 --> 01:06:46 | there's a 945 or 10 o'clock red folder, even red folder, not medium impact. Red |
630 | 01:06:46 --> 01:06:50 | high impact. See how important that economic found there is. Now it's like |
631 | 01:06:50 --> 01:06:58 | the TV guy from the 80s and 90s. You gotta give it to you go to go to this |
632 | 01:06:58 --> 01:07:03 | channel on your paid programming. It'll tell you at this time on this show, this |
633 | 01:07:03 --> 01:07:08 | program is fun. We used to have to get a little magazine every week tell us that, |
634 | 01:07:09 --> 01:07:13 | well, you have that same function in trading with the economic calendar, and |
635 | 01:07:13 --> 01:07:17 | then you don't even know what to do with it. You look at that and say, Oh, shit, |
636 | 01:07:17 --> 01:07:25 | this red broke. I'm not trading today. I was like that too. I was like that. But |
637 | 01:07:25 --> 01:07:32 | how you navigate through that is with narrative. When do you use London |
638 | 01:07:32 --> 01:07:35 | sessions? Meeting impact or noted? I |
639 | 01:07:56 --> 01:08:03 | Where do you think it's going to get to over time. Where are you at proximity to |
640 | 01:08:03 --> 01:08:07 | that entire range? Because that implied dealing range is undelivered so far. |
641 | 01:08:08 --> 01:08:14 | It's it's pending. So where are you at that moment in the grand scheme of |
642 | 01:08:14 --> 01:08:24 | things, if we're in a discount, it's likely to go down to London. It's not |
643 | 01:08:24 --> 01:08:28 | likely to go to London when you're in a premium because it's not going to offer |
644 | 01:08:28 --> 01:08:35 | discount pricing to retail rent. Then it will always work with just the pre |
645 | 01:08:35 --> 01:08:39 | market session seven o'clock to 930 and folks, if you don't know this gave you, |
646 | 01:08:40 --> 01:08:45 | that's the keys to the kingdom for narrative and bias. I just laid it down. |
647 | 01:08:46 --> 01:08:55 | It's given to you and you cannot very specific rules, very simplistic rules, |
648 | 01:08:56 --> 01:09:02 | but not going to be triggered, not going to be someone that's all hopped up on |
649 | 01:09:02 --> 01:09:02 | volume. |
650 | 01:09:12 --> 01:09:18 | That's funny when I would because you think you know something, because it |
651 | 01:09:18 --> 01:09:22 | gives you these little things on your chart. You feel informed I got nothing |
652 | 01:09:22 --> 01:09:28 | on my chart but time and price, and I'm telling you where it's going. Look at |
653 | 01:09:28 --> 01:09:34 | what you just watched just this week, in a market that is highly manipulative. |
654 | 01:09:34 --> 01:09:40 | How do I know it's highly How do I do that? How do I know when to expect this |
655 | 01:09:40 --> 01:09:45 | and that? Well, first of all, everybody understands now, especially since last |
656 | 01:09:45 --> 01:09:49 | year. If you're listening to me, either you've learned about it beforehand, and |
657 | 01:09:49 --> 01:09:53 | you certainly know about it. Man, opening range gaps, you. |
658 | 01:10:01 --> 01:10:10 | How often are they showing the natural gap that's stable to deal chart, they're |
659 | 01:10:10 --> 01:10:16 | leaving big pockets of the price. That's egg in regulation, huge amount of |
660 | 01:10:16 --> 01:10:21 | manipulation. So you have to be very nimble. Internet. If you're not nimble, |
661 | 01:10:21 --> 01:10:26 | you're going to fall victim. And there's some pretty respectable names that have |
662 | 01:10:26 --> 01:10:33 | been I'm not going to name them, but if you recently, in the last two weeks, |
663 | 01:10:33 --> 01:10:38 | have came forward publicly and said, hey, you know what? I got to be honest |
664 | 01:10:38 --> 01:10:45 | with you, man, this market has been tough, or I blew my ass out. In my |
665 | 01:10:45 --> 01:10:50 | accounts, they're gone. I wasted I'm gonna have to reset. Let me tell you |
666 | 01:10:50 --> 01:10:55 | something. If you're feeling demoralized by that, shake that shit the fuck off |
667 | 01:10:55 --> 01:10:59 | right now. Shake it off, because I'm gonna tell you something |
668 | 01:10:59 --> 01:11:03 | for 33 years. I'm not saying I I'm the longest dinosaur. Okay, I guarantee if |
669 | 01:11:03 --> 01:11:05 | you get somebody that's older than me isn't doing |
670 | 01:11:05 --> 01:11:10 | morning Larry Williams, I guarantee you, he came forward right now and said, |
671 | 01:11:10 --> 01:11:16 | Okay, that's so difficult. One to 1010. Being fucking nearly impossible. Where |
672 | 01:11:16 --> 01:11:20 | are we at in your grand scheme of things? From your perspective, 55 or |
673 | 01:11:20 --> 01:11:30 | whatever. It's funny forever. What is your opinion in terms of the difficulty |
674 | 01:11:30 --> 01:11:35 | right now and all the things he's seen? I guarantee you, he'd say this shit is |
675 | 01:11:35 --> 01:11:39 | wild, like it's we've never seen |
676 | 01:11:39 --> 01:11:42 | it like this. Folks and these 20 year olds have run around and pretend like, |
677 | 01:11:42 --> 01:11:44 | oh, nothing's changed. Oh, nothing's changed. |
678 | 01:11:44 --> 01:11:48 | You have no idea the fuck you're talking about. You've never traded in daily |
679 | 01:11:48 --> 01:11:59 | ranges where you got six handles, 24 ticks. That was a fake deal day, man, |
680 | 01:12:01 --> 01:12:09 | that's literally five minutes of trading right now on a slow day. That's how |
681 | 01:12:09 --> 01:12:14 | that's the that's the monstrosity of we're we're dealing with that as traders |
682 | 01:12:14 --> 01:12:18 | in one way, it's wonderful. It's intoxicating, because there's so much |
683 | 01:12:18 --> 01:12:22 | movement. You A |
684 | 01:12:29 --> 01:12:33 | levels of deferring when you're going to take the next the next training, just |
685 | 01:12:33 --> 01:12:38 | because you think it's going to move right now, you need to ask yourself, am |
686 | 01:12:38 --> 01:12:43 | I feeling that because I want to do something patient, whereas my model |
687 | 01:12:43 --> 01:12:50 | really is getting addicted, but the gambler does go to Casino. That's why |
688 | 01:12:50 --> 01:12:54 | there's no clocks and there's no windows in a casino, because they want you in |
689 | 01:12:54 --> 01:12:59 | time distortion. They don't want you realizing how much time you've blocked |
690 | 01:12:59 --> 01:13:03 | your ass down and you're just waiting for the eventual win. Keep pumping down |
691 | 01:13:03 --> 01:13:07 | your wrist, keep feeding the machine, keep playing that card to be dealt to |
692 | 01:13:07 --> 01:13:10 | you. It's going to happen eventually, if you're sick of it, long enough it's |
693 | 01:13:10 --> 01:13:13 | going to happen, you're going to get a win. And even if you get back your |
694 | 01:13:13 --> 01:13:16 | losses, and you won't be smart enough to walk away, then you're gonna say, I'm on |
695 | 01:13:16 --> 01:13:20 | a street I'm going to push it again. That's the same thing that happens in |
696 | 01:13:20 --> 01:13:23 | training. And the unfortunate thing is, all of these influence, whether they're |
697 | 01:13:23 --> 01:13:28 | great at training or not, they have a huge impact on a large number of people. |
698 | 01:13:31 --> 01:13:35 | And when they show you that they're winning, and that's awesome, I love |
699 | 01:13:35 --> 01:13:40 | seeing I am not looking down anybody. I'm trying to give you all a proper |
700 | 01:13:40 --> 01:13:43 | perspective, even the folks that are winning because what you're doing right |
701 | 01:13:43 --> 01:13:50 | now and you're winning, don't be surprised if things change, market wise, |
702 | 01:13:50 --> 01:13:57 | and you can't find consistency, you're going to get punched drunk, doing things |
703 | 01:13:57 --> 01:14:02 | that really don't make any sense as to Why you're doing them, or increasing the |
704 | 01:14:02 --> 01:14:09 | level of risk right now, at the highest time in history of trading, we've never |
705 | 01:14:09 --> 01:14:16 | seen about, never been there. Look at this. Look at that. Look at the Daily |
706 | 01:14:16 --> 01:14:25 | ranges. Look at the Daily ranges, man like this is a dream land for a scalper, |
707 | 01:14:27 --> 01:14:31 | but you can't be in there every 10 seconds trading. You can't you'll get |
708 | 01:14:31 --> 01:14:36 | your ass handed to you. And with all this stuff, with tariffs, more tears, no |
709 | 01:14:36 --> 01:14:40 | tariffs, India and Pakistan, we're going to do this. We're going to do that. |
710 | 01:14:40 --> 01:14:45 | Everything's a mess right now. All it takes is one little spark, and this |
711 | 01:14:45 --> 01:14:51 | pattern is sending this market any direction, real fast and tear your head |
712 | 01:14:51 --> 01:14:58 | completely off so having an understanding of why the market will go |
713 | 01:14:58 --> 01:15:04 | down to its. Esthetic level before it goes higher, is narrative. That's not |
714 | 01:15:04 --> 01:15:10 | bias. Bias is a static idea in my Bucha bearish, everybody in trading holds a |
715 | 01:15:10 --> 01:15:15 | bias. I don't give a shit because, oh no, I used to trade like I stopped |
716 | 01:15:15 --> 01:15:19 | trading IPP and I got better, because I don't trade with a bias. The fuck you do |
717 | 01:15:20 --> 01:15:24 | you do if you're going in long, your bias is just going fucking up nobody's |
718 | 01:15:26 --> 01:15:32 | and I'm gonna buy long when they're short or one and go short. These 20 year |
719 | 01:15:32 --> 01:15:36 | olds gotta pull their head out of their ass. They're trying so hard to be |
720 | 01:15:36 --> 01:15:39 | relevant. They're gonna make up shit just to sound like they're smart, |
721 | 01:15:39 --> 01:15:43 | because most people listening to them are fucking idiots anyway. They're |
722 | 01:15:43 --> 01:15:48 | listening these people because they show you something they purchased with money |
723 | 01:15:48 --> 01:15:53 | they made off of sales and mentorship. Being a part of my this or that crew my |
724 | 01:15:53 --> 01:15:59 | community, and they championed one or two events in their entire time on |
725 | 01:15:59 --> 01:16:08 | social media, where the house is, one tree where, okay, what are you going to |
726 | 01:16:08 --> 01:16:12 | do tomorrow? What are you going to do tomorrow? Have up on Tuesday of next |
727 | 01:16:12 --> 01:16:16 | week? What are you going to do on Tuesday? Yeah, I know. I know what I'm |
728 | 01:16:16 --> 01:16:31 | doing on Friday every day. Don't fight because I don't need the trick. Who |
729 | 01:16:31 --> 01:16:34 | would you rather listen to? Somebody that has to keep your attention by |
730 | 01:16:34 --> 01:16:38 | pushing out all their materialistic bullshit? Here's what I'm doing. Here's |
731 | 01:16:38 --> 01:16:42 | all my depreciating assets, here's all the fucking things I'm wasting with |
732 | 01:16:42 --> 01:16:45 | insurance payments and all this bullshit. I'm barely driving them, |
733 | 01:16:45 --> 01:16:49 | because I know if I drive them, when I do a retail the value will be diminished |
734 | 01:16:49 --> 01:16:55 | greatly by the bundles I put on. Or someone that says, here's what the |
735 | 01:16:55 --> 01:16:59 | market's going to do, and it's done your damn business. How much money I have, |
736 | 01:16:59 --> 01:17:06 | how much money I made and what I live in and what I drive. See, you're either |
737 | 01:17:06 --> 01:17:10 | addicted to the attention that you want to give to other people, or you're |
738 | 01:17:10 --> 01:17:18 | addicted to your personal development for stupid fucking people worrying about |
739 | 01:17:18 --> 01:17:24 | what color fucking underwear I wear. None of that shit matters, man, none of |
740 | 01:17:24 --> 01:17:29 | that shit fucking matters. What matters is, what can I learn today? |
741 | 01:17:29 --> 01:17:33 | How can I apply for myself as a trader, and how can it help me avoid making |
742 | 01:17:33 --> 01:17:36 | wallets that debilitate me and completely |
743 | 01:17:36 --> 01:17:40 | take me out of the game? And how can I think about this shit correctly? That |
744 | 01:17:40 --> 01:17:42 | way, and none of this stuff will bother you, even, like the collusion trade, it |
745 | 01:17:42 --> 01:17:52 | doesn't upset me. That's my teachings, because I'm not talking to you on X I'm |
746 | 01:17:52 --> 01:17:56 | not talking to YouTubers. I'm not talking to people that went to my |
747 | 01:17:56 --> 01:18:03 | mentorship. I'm talking to my own children. I'm third that, and when I'm |
748 | 01:18:03 --> 01:18:10 | talking all the time, all the time, if I'm speaking about money, |
749 | 01:18:11 --> 01:18:15 | making money, not losing it, holding on to it, and how to navigate problem |
750 | 01:18:15 --> 01:18:15 | areas, |
751 | 01:18:16 --> 01:18:21 | I'm talking to Kayla, I'm talking to Cody, I'm talking to Cannon, I'm talking |
752 | 01:18:21 --> 01:18:24 | to Katie, I'm talking to my daughter. And no, you don't fucking know her name, |
753 | 01:18:24 --> 01:18:29 | and I'm not going to reveal it's always been an alias. She had to fucking move |
754 | 01:18:29 --> 01:18:35 | out of seat because you fucking weird in this some of you have no idea how how a |
755 | 01:18:35 --> 01:18:42 | boundary is. It's respectable, and some of you expect levels of information that |
756 | 01:18:42 --> 01:18:46 | nobody would be comfortable giving. Show me this and show me that. How about I |
757 | 01:18:46 --> 01:18:50 | just fucking told you what the market's going to do every single minute from the |
758 | 01:18:50 --> 01:19:02 | other chart you're not content with that. You want more, not going to find |
759 | 01:19:02 --> 01:19:10 | project they got here, blanketing my folks. I'm calling this on that they go |
760 | 01:19:10 --> 01:19:17 | away with roaches and delight. Come out here and show it. They run away. I got |
761 | 01:19:17 --> 01:19:23 | nothing to lose. I got nothing to lose because I know my shit works if you |
762 | 01:19:23 --> 01:19:27 | listen to me and the rules that I lay down, tuck them in these really long |
763 | 01:19:27 --> 01:19:33 | winded bloviations of bullshit that's going to help people listen to it, but |
764 | 01:19:33 --> 01:19:38 | tuck it in there, because I know there's a lot of lazy people, and I can't Stand |
765 | 01:19:38 --> 01:19:45 | laziness. It pisses me off, because some of you want me to give it to you without |
766 | 01:19:45 --> 01:19:54 | any effort. You both deserve that my children don't give Why the fuck would |
767 | 01:19:54 --> 01:19:58 | you expect to give it to you? If anything, I would lighten your hands |
768 | 01:19:58 --> 01:20:02 | like that if cable is here. Right now, right here, right now. People tell you, |
769 | 01:20:03 --> 01:20:10 | Hey, you're right. I make them work their job. I make them go to their |
770 | 01:20:10 --> 01:20:14 | medial jobs. I make them do that. You want to know why? Because that's what |
771 | 01:20:14 --> 01:20:22 | don't meet up. It's a nasty I have. I don't ever, ever want to go back to |
772 | 01:20:22 --> 01:20:30 | having to do that ever. I'm never going to work for another fucking I'm never |
773 | 01:20:30 --> 01:20:41 | going to do that. I put myself in a situation that I will never come down. I |
774 | 01:20:41 --> 01:20:42 | never have to do that. I |
775 | 01:20:50 --> 01:20:58 | nerve wrecking. I can't see it. I'd rather teach like this. And some of you |
776 | 01:20:58 --> 01:21:04 | don't like this, but this is what I noticed, because this is the stuff that |
777 | 01:21:04 --> 01:21:09 | matters. This is the things that make you or break you. As a trader and 20 |
778 | 01:21:09 --> 01:21:12 | year old ain't been around in the game long enough to know this stuff unless |
779 | 01:21:12 --> 01:21:15 | they heard it from people that they're doing longer and they parent, they |
780 | 01:21:15 --> 01:21:27 | regurgitate or say it verbatim. You I don't want my children to do what they |
781 | 01:21:27 --> 01:21:30 | do, but I know eventually, |
782 | 01:21:35 --> 01:21:39 | so I have to roll my sleeves up, show him that this is what I'm doing, and |
783 | 01:21:39 --> 01:21:44 | they're going through it just like you are. I fucked around for six years, and |
784 | 01:21:44 --> 01:21:48 | I first started this stuff, I had it figured out three and a half years, but |
785 | 01:21:48 --> 01:21:52 | I still thought I could do more with it. Take it around, take it around two and a |
786 | 01:21:52 --> 01:21:58 | half more years. That's the part that that two and a half years made it like |
787 | 01:21:59 --> 01:22:00 | you ain't telling me, I don't know, |
788 | 01:22:02 --> 01:22:05 | and I was doing all the wrong things at that time, two and a half years of doing |
789 | 01:22:05 --> 01:22:08 | stupid, trying to make something better |
790 | 01:22:08 --> 01:22:13 | than it already was. At three and a half years I've had that you're watching the |
791 | 01:22:13 --> 01:22:14 | news right now. |
792 | 01:22:22 --> 01:22:26 | I promise you this, if I showed you everything I could do, CNBC and |
793 | 01:22:26 --> 01:22:36 | everybody, newscasters outside, it's just like that, folks, it's just like |
794 | 01:22:36 --> 01:22:44 | that. And I love blurring that line, because I want a lot of skepticism. So I |
795 | 01:22:44 --> 01:22:51 | want that because I plain view doing that. Think about how many people follow |
796 | 01:22:51 --> 01:22:55 | me. I'm not bragging. I want you to think about this. Think about how many |
797 | 01:22:55 --> 01:23:02 | following how many are here right now. Listen, look at it. But that means |
798 | 01:23:02 --> 01:23:08 | people are listening. They're not listening, and they're the same people |
799 | 01:23:08 --> 01:23:12 | that are not even subscribed to my channel, because 95% are from people |
800 | 01:23:12 --> 01:23:16 | that don't subscribe. So they mean they they're a fair weather student. That |
801 | 01:23:16 --> 01:23:24 | means, well, you don't need to see what this guy put on, leading to now you I |
802 | 01:23:24 --> 01:23:27 | put more effort into these discussions than anything I've ever put on YouTube, |
803 | 01:23:28 --> 01:23:32 | and I might be the page right here. I'll prove it to you again. I'll show you |
804 | 01:23:32 --> 01:23:36 | that there's no modernization on x. I don't have any modernization in |
805 | 01:23:36 --> 01:23:40 | telegram. So the Google it post that shit. I don't even know how to do that |
806 | 01:23:40 --> 01:23:48 | on Telegram, because no ads roll in my telegram channel. Come on ad revenue is |
807 | 01:23:48 --> 01:23:52 | trash money. It's garbage. I can use that for my daughter. That's what that's |
808 | 01:23:52 --> 01:23:57 | for, that I need help with this. If I could use this, I need new furniture |
809 | 01:23:57 --> 01:24:01 | over here. My car needs new tires. It's like a sludge phone. That's all it is. |
810 | 01:24:02 --> 01:24:14 | Anyone. When we have vacations, that's it. I am not living a year. I blow |
811 | 01:24:14 --> 01:24:21 | through that all year long. What happens then? My property taxes are many times |
812 | 01:24:21 --> 01:24:34 | more than what you've earned. Hello, I'm talking to you in the most down to earth |
813 | 01:24:34 --> 01:24:39 | way I can, and there's nothing for me to monetize it. I give everybody else the |
814 | 01:24:39 --> 01:24:44 | permission to use these recordings, and they posted on the YouTube channel. And |
815 | 01:24:44 --> 01:24:49 | when I teach you, let me set in these settings is just like we would be if you |
816 | 01:24:49 --> 01:24:59 | were in a one on one back in the 90s. That would be doing and only being with |
817 | 01:24:59 --> 01:25:08 | me for one week. It was hard, but I didn't have a lot of students doing real |
818 | 01:25:08 --> 01:25:14 | well, because one week, how much note taking can you take? Think about how |
819 | 01:25:14 --> 01:25:19 | much I've talked today and how much you've worked out. Do you think that all |
820 | 01:25:19 --> 01:25:25 | this stuff is grandiose, Episcopal showing off. Being opposite is not |
821 | 01:25:25 --> 01:25:35 | because you're going to get that also the marksmanship suddenly does we gonna |
822 | 01:25:35 --> 01:25:42 | do? How to deal with that? How are you gonna internalize your future continued |
823 | 01:25:42 --> 01:25:46 | success on short term adversity. Because when you have adversity in these |
824 | 01:25:46 --> 01:25:49 | climates right now that having this volatility, these levels of volatility |
825 | 01:25:49 --> 01:25:56 | that we have right here right now, you cannot get a case of gas and say, Well, |
826 | 01:25:56 --> 01:26:00 | damn it, I'm in board. Man, I'm going in. I'm getting it back, and I'm taking |
827 | 01:26:00 --> 01:26:05 | a pound of brush with them too. You're blowing your accounts. You'll blow them. |
828 | 01:26:07 --> 01:26:12 | I'm trying to remind you of someone with three decades plus experience. I've seen |
829 | 01:26:12 --> 01:26:21 | every market condition that's ever been ever and this is the most difficult time |
830 | 01:26:21 --> 01:26:25 | as a traitor I've ever seen, and these 20 year olds that walk around me act |
831 | 01:26:25 --> 01:26:29 | like that, you know, this is the easiest thing in the world. No, it's not, bro. |
832 | 01:26:29 --> 01:26:36 | No, it's not. I guarantee you. Hook a hook a heart rate monitor up to your |
833 | 01:26:36 --> 01:26:40 | bullshit. Live stream it and do that. I guarantee you, you're, clocking 180 |
834 | 01:26:41 --> 01:26:46 | fucking beats a minute. I guarantee you you're doing it. I guarantee you your |
835 | 01:26:46 --> 01:26:53 | blood pressure side fucking high. I guarantee you, even in your bullshit |
836 | 01:26:53 --> 01:26:56 | demo accounts, that you're trading these problems because the outcome means |
837 | 01:26:56 --> 01:27:04 | something to you. You have to respect. You have to respect the level of risk |
838 | 01:27:05 --> 01:27:09 | right now. But you never hear this young man. They're not here to tell you until |
839 | 01:27:09 --> 01:27:12 | they book their accounts. And the ones that have character, the ones that are |
840 | 01:27:12 --> 01:27:20 | honest, everybody respect them. When they say, look around. You'll know who |
841 | 01:27:20 --> 01:27:24 | I'm talking about, and I have utmost respect for those individuals. I know |
842 | 01:27:24 --> 01:27:27 | you guys don't like when I talk about Patrick wheeling you know what he was |
843 | 01:27:27 --> 01:27:33 | trying? About Him, He's funny. He's a diamond in the rough, though, because |
844 | 01:27:33 --> 01:27:43 | what you don't realize is that was me at 20. That was me at 20, $17,000 $1,000 a |
845 | 01:27:43 --> 01:27:47 | week coming into my hands, and I didn't ever have a job to make more than $200 |
846 | 01:27:47 --> 01:27:53 | taxes you couldn't tell you could have told me nothing about how I was the |
847 | 01:27:53 --> 01:27:58 | shit, and I was wasting money, blowing money, and things were a lot cheaper |
848 | 01:27:58 --> 01:27:58 | back then. |
849 | 01:28:08 --> 01:28:13 | His falls to come out and say, I did this, and it didn't work out, and I had |
850 | 01:28:13 --> 01:28:18 | nobody like I fucked it up, and I told him privately, and he came back with |
851 | 01:28:18 --> 01:28:21 | some bullshit, you're not going to teach me, but I'm trying to teach you, bro, |
852 | 01:28:21 --> 01:28:25 | I'm encouraging you. That's all I'm trying to do. I'm an audience member. |
853 | 01:28:26 --> 01:28:28 | That's all I am. An audience member. |
854 | 01:28:34 --> 01:28:40 | Don't lose sight of what you're doing for and I have, openly and privately |
855 | 01:28:40 --> 01:28:45 | gave that man my respect for the times he's done that where he's came forward |
856 | 01:28:45 --> 01:28:51 | and said, I fucked up. I blew this account. I blew that account. You don't |
857 | 01:28:51 --> 01:28:57 | see that a lot. You don't see that. And people need to see that shit. |
858 | 01:28:59 --> 01:29:03 | They need to see it, not just the fast cars, the vacations, all the people you |
859 | 01:29:03 --> 01:29:05 | hang around, it looks like a carnival atmosphere, |
860 | 01:29:05 --> 01:29:10 | doesn't it? That's showmanship. But when he pulls back the curtain and says, You |
861 | 01:29:10 --> 01:29:15 | know what, I'm working my fucking ass off, and I had a rough week. I had a |
862 | 01:29:15 --> 01:29:20 | rough April, he made money, but he is admitting to you that he had to work his |
863 | 01:29:20 --> 01:29:25 | ass off work. That, to me, means something. That's the shit I want to |
864 | 01:29:25 --> 01:29:28 | see. That's the kind of stuff, not just from him, but everybody else. Because |
865 | 01:29:28 --> 01:29:32 | everyone else is walking around that they have sunglasses on and walking on |
866 | 01:29:32 --> 01:29:36 | rainbows and fucking sunshine, Sammy fucking sunshine. Nothing ever happened |
867 | 01:29:36 --> 01:29:40 | to them. I admit it, even though you see what I'm doing, I'm talking before it |
868 | 01:29:40 --> 01:29:48 | happens and I'm dealing it ain't easy. It is not fucking easy. Easy. Easy would |
869 | 01:29:48 --> 01:29:56 | be me doing every 20 minute trace I'm not doing. I'm receptive the level of |
870 | 01:29:56 --> 01:30:00 | risk. And when these guys come out here and they. Would |
871 | 01:30:00 --> 01:30:03 | your attention all that materialistic stuff, and they never come forward and |
872 | 01:30:03 --> 01:30:05 | tell you their adversities, |
873 | 01:30:08 --> 01:30:12 | unplug, because all they're doing is captivating you with materialism. And |
874 | 01:30:12 --> 01:30:16 | how much are they really given to you that's useful information besides |
875 | 01:30:16 --> 01:30:20 | entertainment, like Lifestyles of the Rich and Famous used to be. You ever |
876 | 01:30:20 --> 01:30:24 | watch that show is the order over person I used to German show like to break. |
877 | 01:30:25 --> 01:30:31 | This is amazing. And the show I'm back to, I only make $180 to capture, and |
878 | 01:30:31 --> 01:30:36 | it's depressing. But then I start looking at how many more days it will be |
879 | 01:30:36 --> 01:30:42 | until, yep, so it comes on again. That's what you're doing with social media. |
880 | 01:30:42 --> 01:30:47 | You're worshiping these people. That's why I don't worship works for me. I give |
881 | 01:30:47 --> 01:30:52 | you nothing, nothing materialistic. I showed you the goods. Here's what price |
882 | 01:30:52 --> 01:30:56 | is going to be. Because that's the only reason why you should listen to somebody |
883 | 01:30:56 --> 01:31:00 | about trading. You give the shit what they own. Who cares? I can be wrecking |
884 | 01:31:00 --> 01:31:09 | stuff. I'm a simple guy. Simple guy, the Corvette. I can afford any car out |
885 | 01:31:09 --> 01:31:17 | there. Poor I can buy a liberating every single week, cash money. I love |
886 | 01:31:17 --> 01:31:20 | Corvettes. That's my dream car. That's a little boy. And I live my life like |
887 | 01:31:20 --> 01:31:27 | that. I like simplicity. Even though you think myself complex, it's simple. I |
888 | 01:31:27 --> 01:31:30 | have simplified it. But see, what you're feeling is that you're trying to find |
889 | 01:31:31 --> 01:31:37 | everything in a simple thing is knowing is going to go up or down. It's drowned |
890 | 01:31:38 --> 01:31:43 | by what's the CMT, the administrators report saying, what's the relative |
891 | 01:31:44 --> 01:31:49 | analysis between euro and pound, which one's failing to make a lower low? And |
892 | 01:31:50 --> 01:31:55 | let's add into it seasonal tendencies, and let's add into it 15 other markets, |
893 | 01:31:55 --> 01:32:02 | because that's going to help all that does sincerely, this is what it does. It |
894 | 01:32:02 --> 01:32:08 | gives you more shit to worry about. I've shown you last year and this year by |
895 | 01:32:08 --> 01:32:15 | looking at one market in a closely correlated market, the s, p, you take |
896 | 01:32:15 --> 01:32:21 | everything I've called in advance and then execute it and showed you it times |
897 | 01:32:21 --> 01:32:25 | that by 20 accounts, times five. Nobody's made that much money in profit |
898 | 01:32:25 --> 01:32:29 | ever. And I had two of them come out and facetiously tell you, basically, don't |
899 | 01:32:29 --> 01:32:33 | even try, Michael. And I never would. I would never give them my personal |
900 | 01:32:33 --> 01:32:37 | permission, but I really surely contemplated making friends with 10 |
901 | 01:32:37 --> 01:32:45 | special individuals, 10 privately selected individuals to have access what |
902 | 01:32:45 --> 01:32:54 | I'm doing. Scale back just a little bit, just I'm going to test I want to test |
903 | 01:32:55 --> 01:32:58 | these problems. I want to test what they're |
904 | 01:32:58 --> 01:33:02 | willing to pay out and everything documented so you can see when they |
905 | 01:33:02 --> 01:33:05 | don't do it, I'm gonna open a can of whoop fast and show the whole fucking |
906 | 01:33:05 --> 01:33:07 | world. This is why you don't want |
907 | 01:33:07 --> 01:33:11 | to do it. You want to make your money. Don't try to double the big number |
908 | 01:33:11 --> 01:33:20 | there. You have enough money to go into a life definitely no business you my |
909 | 01:33:20 --> 01:33:21 | sauce, |
910 | 01:33:26 --> 01:33:37 | where I'm coming from, house coming. It's COVID, proper day of reckoning. I |
911 | 01:33:38 --> 01:33:42 | told you I've been working on a project. I told you I was working on it. And |
912 | 01:33:42 --> 01:33:48 | guess what? You have fucking nobody to blame but yourselves, because you have |
913 | 01:33:48 --> 01:33:52 | fucked people over constantly. They're making money. Well, some bullshit rule, |
914 | 01:33:53 --> 01:33:56 | boom, you're banned. Boom, you're closed. You broke this rule, keeping |
915 | 01:33:56 --> 01:34:00 | endless numbers of fucking rules coming up all the time, and you make it |
916 | 01:34:00 --> 01:34:01 | impossible. Training |
917 | 01:34:01 --> 01:34:04 | nowhere near like that. You can't hold a |
918 | 01:34:09 --> 01:34:14 | train pass this time. Yes, yes. Don't worry, I'm not going to appreciate I'm |
919 | 01:34:15 --> 01:34:19 | just going to wait for them to pull the rug and say they can't pay out you. |
920 | 01:34:20 --> 01:34:20 | Can't. |
921 | 01:34:28 --> 01:34:33 | And when these people come out and show you how they treated, what they did, and |
922 | 01:34:33 --> 01:34:37 | no fucking rule got broken, except for something they didn't, still have their |
923 | 01:34:37 --> 01:34:44 | ass, then the smart people will say, You know what, I'm not going to try to make |
924 | 01:34:44 --> 01:34:51 | my career. I'm going to take a couple $1,000 out fund myself and leave them in |
925 | 01:34:51 --> 01:34:57 | the dust. There are people in a lot of democracy that are sleeping on the |
926 | 01:34:57 --> 01:35:03 | regular but. I want to see the boundaries, how far it can be taken |
927 | 01:35:04 --> 01:35:10 | within their bullshit rules. See, some of you snubbed your nose when I said 40 |
928 | 01:35:10 --> 01:35:15 | to $50 million because that's exactly what I would do inside of one with the |
929 | 01:35:15 --> 01:35:25 | bullshit that they have right now, 20 accounts, up to 15 contracts. Don't take |
930 | 01:35:25 --> 01:35:29 | my word for you can that's |
931 | 01:35:47 --> 01:35:53 | it's just that these steps really there all the time. I told you last year, |
932 | 01:35:55 --> 01:36:04 | there's going to be some regulators stepping in soon. I'm surprised when |
933 | 01:36:04 --> 01:36:14 | they show up at their ads say, surprise, yep. So if you're a high roller and |
934 | 01:36:14 --> 01:36:19 | you're pulling out big money, it'd be very, very important decision making on |
935 | 01:36:19 --> 01:36:24 | your part to navigate that and start making sure that you're able to pull out |
936 | 01:36:24 --> 01:36:35 | what you have to stop one of those changing right now. Oh, |
937 | 01:36:58 --> 01:37:11 | the regulated program for need to trade at all. How about that? But your pursuit |
938 | 01:37:12 --> 01:37:19 | of perfection is your very problem, and you think the prop firms are the best |
939 | 01:37:19 --> 01:37:24 | way to go about it. They're not so now think about this. For people that have |
940 | 01:37:24 --> 01:37:29 | suffered just recently in the volatility and hurt themselves in mutual you're |
941 | 01:37:29 --> 01:37:36 | using quote, unquote profit. They're not even profit. They have no money that |
942 | 01:37:36 --> 01:37:42 | they're giving you. They've never placed any of their own physical assets, money |
943 | 01:37:42 --> 01:37:48 | at all in your hands. So it's wrong. From Jump Street, you're not trading |
944 | 01:37:48 --> 01:37:53 | with Prop funds. You're treating with demo that you're paying for. Now, don't, |
945 | 01:37:53 --> 01:37:57 | don't get it twisted. I understand. I have students that have milked these |
946 | 01:37:57 --> 01:38:05 | people, but that's the climate of what it is that you're doing okay, you're |
947 | 01:38:05 --> 01:38:09 | playing with them on accounts, you're paying for them, and you're gambling, |
948 | 01:38:10 --> 01:38:14 | and you're gambling with them at the highest level of difficulty that trading |
949 | 01:38:14 --> 01:38:21 | has ever seen. And you're surprised that you're failing. You're surprised that |
950 | 01:38:21 --> 01:38:26 | this is difficult. See, it's not real money that you're losing. You can only |
951 | 01:38:27 --> 01:38:33 | lose what you put into ask the people that quietly spent 20 to 15, $30,000 on |
952 | 01:38:33 --> 01:38:44 | offense, that's doing a good idea, man, does it push you too far? |
953 | 01:38:49 --> 01:38:49 | One micro, |
954 | 01:39:00 --> 01:39:05 | I was running, sorry, allowed credit cards, that was it. You know that also |
955 | 01:39:05 --> 01:39:10 | is, that's cash grant. They know they're near the end of the life cycle, so |
956 | 01:39:10 --> 01:39:13 | they're getting wherever they can. I mean, how many prop fours Have you seen? |
957 | 01:39:13 --> 01:39:18 | Go to business, just stop class action lawsuits brought against them coming up. |
958 | 01:39:21 --> 01:39:27 | Leave me, folks, you don't want to make your life there, if you can get a couple |
959 | 01:39:27 --> 01:39:31 | $1,000 out of it. Okay, great. You don't need to work very hard for very long to |
960 | 01:39:31 --> 01:39:36 | get that. But going to a brokerage firm that's regular. And, no, I'm not going |
961 | 01:39:36 --> 01:39:41 | to name any of I'm not introducing brokerage no one's going to accuse me of |
962 | 01:39:41 --> 01:39:46 | ever I had a brokerage firm, which happened through a second part, person, |
963 | 01:39:46 --> 01:39:47 | through that person you. |
964 | 01:40:09 --> 01:40:18 | Hey, and I responded, I appreciate the offer consideration, but I never do it, |
965 | 01:40:19 --> 01:40:27 | ever because I want my opinion to be natural. It needs to be organic. No one |
966 | 01:40:27 --> 01:40:32 | pays for my opinion. If I like something, I'll say I like it. I don't |
967 | 01:40:32 --> 01:40:35 | like something, I'm going to tell you I don't like it, and I don't care about |
968 | 01:40:35 --> 01:40:42 | your opinion. You came here to watch whatever I say or do? Wouldn't it make |
969 | 01:40:42 --> 01:40:46 | sense if I was being honest and told you what it is I like and don't like, what |
970 | 01:40:46 --> 01:40:49 | benefit is there if I say this, this, this product, this, this, this service, |
971 | 01:40:49 --> 01:40:54 | this, this broker, and they're monetizing the bigger relationship. When |
972 | 01:40:54 --> 01:41:00 | we tell the public that it's good, when I would never use any of them, I would |
973 | 01:41:00 --> 01:41:04 | never do anything partnership like I turned down millions of dollars every |
974 | 01:41:04 --> 01:41:11 | single year just because of that. I have a lot of influence, and I'm responsible |
975 | 01:41:11 --> 01:41:17 | with that influence. I could be fleecing all of you right now, and I'm asking you |
976 | 01:41:17 --> 01:41:23 | to consider the media I'm facing right now. I'm making nothing on my Saturday, |
977 | 01:41:24 --> 01:41:29 | talking to you, giving you a calibration, a reset. This is how I |
978 | 01:41:29 --> 01:41:33 | should think. This is what I should not be trying to do right now. I blew it |
979 | 01:41:34 --> 01:41:37 | even. He said it's kind of hard right now, and I can look back at it real |
980 | 01:41:37 --> 01:41:42 | estate and say, You know what? I pushed too hard in an environment. I demanded |
981 | 01:41:42 --> 01:41:48 | too much from my own personal trading in this current condition, and it was |
982 | 01:41:48 --> 01:41:51 | unfavorable, and I should not be surprised by it, and I should not be |
983 | 01:41:52 --> 01:42:00 | demoralized. I'm going to run the proper my sons would have done this hurt |
984 | 01:42:00 --> 01:42:03 | themselves, It's the same. |
985 | 01:42:19 --> 01:42:25 | But thank you know that feeling bad listen to something different, and you |
986 | 01:42:25 --> 01:42:30 | don't listen to things despite all those people out there in front of you trading |
987 | 01:42:30 --> 01:42:34 | in these environments that are more difficult than trading itself proper, |
988 | 01:42:35 --> 01:42:40 | all those rules that you're forcing yourself into, they don't exist in a |
989 | 01:42:40 --> 01:42:46 | brokerage account. They don't that's not even a real perspective of trading. What |
990 | 01:42:46 --> 01:42:52 | you're honestly doing is you're making it an Olympic feat, just to be |
991 | 01:42:52 --> 01:42:57 | profitable, not make a lot of money, just be profitable. They gear it, and |
992 | 01:42:57 --> 01:43:02 | they rig it in such a manner where you're absolutely assured, if you push |
993 | 01:43:02 --> 01:43:07 | this a little bit harder, you should remember that a trailing stop loss, if |
994 | 01:43:07 --> 01:43:13 | it was a bad should make money. Get out of here. You can't build a cushion |
995 | 01:43:13 --> 01:43:19 | adequately as you would if you were trading with real money. They know by |
996 | 01:43:19 --> 01:43:23 | squeezing that new Tiger cutter as you go, you're gonna think about they |
997 | 01:43:23 --> 01:43:30 | breathe, going to be in there. You have to work well, work week long. That's |
998 | 01:43:30 --> 01:43:42 | what you find yourself doing when I'm taking trades and people, should I do |
999 | 01:43:42 --> 01:43:42 | this? |
1000 | 01:43:49 --> 01:43:51 | No change you |
1001 | 01:44:07 --> 01:44:14 | you're trying to do something, but somebody that does have experience, so |
1002 | 01:44:14 --> 01:44:18 | they can walk through there and move walk through that mother fucker and |
1003 | 01:44:18 --> 01:44:23 | bankrupt every single one of them, they would never let me take that down. So |
1004 | 01:44:23 --> 01:44:28 | we're gonna have to go through third party. I'm gonna have friends and family |
1005 | 01:44:28 --> 01:44:32 | members that have friends that won't be associated with me. Now we're gonna test |
1006 | 01:44:32 --> 01:44:39 | the boundaries of these companies, 10 per country, 10 per company, seven |
1007 | 01:44:39 --> 01:44:47 | easily distribute everything, and let's see what's left. We're gonna see. Will |
1008 | 01:44:47 --> 01:44:51 | they really pay you out? Will they really stick to their own rules? Because |
1009 | 01:44:51 --> 01:44:57 | I can beat these fucking rules. I can't. It's easy shit. Easy as shit. You. |
1010 | 01:45:00 --> 01:45:01 | People are |
1011 | 01:45:26 --> 01:45:34 | I get to see everything, and I'm going to throw in some music trades, couple |
1012 | 01:45:35 --> 01:45:39 | little dry runs of draw down here. But when it matters, it's going to rock it |
1013 | 01:45:39 --> 01:45:45 | up. You'll see him. You'll see him after a couple weeks, because you're looking |
1014 | 01:45:45 --> 01:45:49 | for him now, and when you take five of them, they're going to appeal, and then |
1015 | 01:45:53 --> 01:45:58 | it's going to happen. Never going to show the world, with your confidence, |
1016 | 01:45:58 --> 01:46:06 | made up the bullshit lies trying to force people really going to pay out. |
1017 | 01:46:07 --> 01:46:12 | We've seen record payout. There's not anything to do with taking someone's |
1018 | 01:46:12 --> 01:46:13 | record. I |
1019 | 01:46:38 --> 01:46:53 | I keep people we're gonna test you. We're gonna test you. And your ability |
1020 | 01:46:53 --> 01:46:59 | to pay out, and as soon as you say, No, I'm putting message fucking blast. It's |
1021 | 01:46:59 --> 01:47:04 | gonna be on every fucking social media account I have every day for 60 days, |
1022 | 01:47:05 --> 01:47:08 | I'm gonna copy your fucking account handles and everything and point |
1023 | 01:47:08 --> 01:47:14 | everybody to what this did not happen. What do you think's gonna happen? |
1024 | 01:47:14 --> 01:47:16 | Waiting for the next |
1025 | 01:47:23 --> 01:47:24 | you're going To be trolling you |
1026 | 01:47:52 --> 01:47:52 | at my |
1027 | 01:47:59 --> 01:48:08 | expenses, gonna get fucked long and deep, no loot and a fucking thing to do |
1028 | 01:48:09 --> 01:48:12 | nothing. What you know about you can't stop it. You don't even know where it's |
1029 | 01:48:12 --> 01:48:25 | coming from. What are you gonna do nothing? So that's just earned profits. |
1030 | 01:48:26 --> 01:48:26 | None |
1031 | 01:48:31 --> 01:48:36 | of them are influences. None of them ever say. |
1032 | 01:48:53 --> 01:48:53 | So are you |
1033 | 01:48:58 --> 01:49:04 | going to operate with a business that they claim to be, or are they scamming |
1034 | 01:49:04 --> 01:49:07 | frauds that most of most people that know what's going on understand that |
1035 | 01:49:09 --> 01:49:15 | your broker is not adding rules every day every week to increase difficulty |
1036 | 01:49:15 --> 01:49:22 | they want to regulate step in there and start pushing their dick into them |
1037 | 01:49:22 --> 01:49:31 | deeper. They're gonna have to pay all that money back. There's a lot of people |
1038 | 01:49:33 --> 01:49:36 | that are my students. Are |
1039 | 01:49:43 --> 01:50:03 | is but anyway, just want to share with you today for. But you gears going, I'd |
1040 | 01:50:03 --> 01:50:06 | be making a shorter list of rule changes if I were using the prop firm, |
1041 | 01:50:06 --> 01:50:10 | companies. That's it. We're done. I. |