008-ict-tw-spaces-20230202-Discharging before the weekend...
Last modified by Drunk Monkey on 2023-02-03 06:09
Outline
00:22 - What’s coming up next.
06:01 - Take advantage of the opportunity -.
11:31 - What happens when you can’t find your groove.
17:37 - You have to submit to a lot of things. It’s not having your weight mentorship.
22:49 - Why the algorithm should do certain things at specific levels on these candles.
27:53 - Why the market has no affinity for algorithmic animal patterns.
32:53 - What are breakers and fair value gaps? -.
37:42 - Why the market will go to intermediate-term highs.
43:47 - You want your commission costs and fees to be manageable -.
48:11 - If I didn’t understand what was likely to happen, how can I be as precise as I am?
53:37 - A divided mind never sees it the same way.
Transcript
| 1 | 00:00:22,020 --> 00:00:31,440 | ICT: Good grief, I started talking and had the microphone off mute. Okay, you should be hearing me, could you just give me an audio check real quick on |
| 2 | 00:00:32,220 --> 00:00:35,070 | Twitter, just let me know you can hear me everything five by five. |
| 3 | 00:00:52,410 --> 00:01:06,480 | Awesome, thank you very much. I have a timer set for today, because I have an appointment I have to keep. So one o'clock today will be the end of this, if not |
| 4 | 00:01:06,480 --> 00:01:21,000 | sooner. So, and I sometimes I say that, and I contend to go on and on and on. But I kind of like want to talk a little bit about what we've done thus far. And |
| 5 | 00:01:21,360 --> 00:01:33,060 | what next week will be like Monday and tomorrow, Friday's trading, I'm going to take those days away from the charts, I want to relax and rest and that myself |
| 6 | 00:01:33,120 --> 00:01:43,080 | unwind. I've been going a lot since the beginning of the year. And between all of you and my older students has been a lot of things that I've been |
| 7 | 00:01:43,950 --> 00:01:54,570 | micromanaging on top of everything else. So I kind of like one just chill out, relax. So it'll be a really long weekend for me, I promise, I shouldn't lose my |
| 8 | 00:01:54,570 --> 00:02:06,600 | touch with a few days off like that, but taking a couple months off, and then go right into live streams and, and that's a, that's a little bit too much to take |
| 9 | 00:02:06,600 --> 00:02:17,910 | home without at least being in the market every single day, keep my finger on the pulse. And you all have experienced that with me. So by far and large, I |
| 10 | 00:02:17,910 --> 00:02:33,840 | think anyone that's been really paying attention, there's something that I'm providing that at least looks a lot different from everything else. Okay. And I |
| 11 | 00:02:33,840 --> 00:02:46,410 | think that it's not a stretch to say it's pretty consistent and accurate. And there's a lot of elements that are precision oriented. Now, if you're new, or if |
| 12 | 00:02:46,410 --> 00:02:59,970 | you've been following along, since last year, it still might be feeling like it's out of your reach. And that's normal. That's absolutely normal. Because you |
| 13 | 00:02:59,970 --> 00:03:14,760 | are now just warming up to seeing what these concepts can do. And the various approaches that the market presents the opportunity to use them. So I try and |
| 14 | 00:03:14,760 --> 00:03:29,940 | hopefully you can appreciate this. I try to present the commentary in a way that allows you to find your own model. And I'm telling you what I'm basing the the |
| 15 | 00:03:29,940 --> 00:03:40,380 | turning points in real time before it happens. What levels should be key, but don't lose sight of everything that's available in your chart. Like if you see |
| 16 | 00:03:40,380 --> 00:03:52,920 | something that might be a breaker, or optimal trade entry or, or something else, some other pdra You should not be avoiding that. Because you're really going to |
| 17 | 00:03:52,920 --> 00:04:02,820 | be able to learn quicker, not that I'm trying to rush anyone through it. But you'll learn better to trust your own analysis versus that thing I may or may |
| 18 | 00:04:02,820 --> 00:04:11,130 | not be referring to at the time. And I may be referring to it subconsciously looking at the chart. But because I'm doing something on such a small little |
| 19 | 00:04:11,130 --> 00:04:21,990 | timeframe to provide proof that you can read the tape. It may not make its way into the comment. Whereas on the video, obviously I'll have more opportunity to |
| 20 | 00:04:21,990 --> 00:04:35,520 | present those things. But I want to try to teach myself, which is really what I was doing this entire month is to focus on the things I would want to talk about |
| 21 | 00:04:35,580 --> 00:04:44,130 | and leave everything else out like the ranting in the storytelling about experiences. And this is what I did over here and this is what happened to me |
| 22 | 00:04:44,130 --> 00:04:52,680 | and this is what you should avoid. They will find their way in the live streams. But I'm going to try to do my best to keep the focus on what price is doing |
| 23 | 00:04:52,680 --> 00:05:02,550 | right now. So there's going to be times Hopefully, most of that live stream will be quiet and I'll only be talking out things that are important. So that way it |
| 24 | 00:05:02,550 --> 00:05:10,950 | kind of trains your subconscious also to not feel like you got to be busy all the time. Because we're watching price we're observing price, I'm going to |
| 25 | 00:05:11,880 --> 00:05:24,330 | highlighting specific characteristics that I think are noteworthy for you. They may or may not be catalysts for price runs. And that's not the that's not the |
| 26 | 00:05:24,330 --> 00:05:33,420 | point, really. Because the worst thing you can do is go in, and this is what I mentioned the other day. And pretty much every time I've ever called the market |
| 27 | 00:05:33,660 --> 00:05:44,820 | moves in my favor, I really don't want you to send me tweets, saying thank you and show me that you made money, I don't want that that's pressure on me. |
| 28 | 00:05:45,180 --> 00:05:54,510 | Because I'm concerned, some of you are not going to listen. And you're going to try to trade instead of trying to learn how to do this on your own. And |
| 29 | 00:05:54,510 --> 00:06:02,730 | eventually, I'm going to get it wrong. And then you're going to be upset, and I'm going to be upset because you didn't listen. So take advantage of the |
| 30 | 00:06:02,730 --> 00:06:12,540 | opportunity. I'm not going anywhere, folks, okay, that we have a whole year in front of us, just relax. All these things repeat. And I'm teaching you how to |
| 31 | 00:06:12,690 --> 00:06:21,750 | navigate. Get through this jungle. Sometimes you're gonna step in quicksand, I'll be there to pull your attention away from what you're trying to get |
| 32 | 00:06:22,080 --> 00:06:30,840 | yourself into, if you would have pushed a button, but you're not going to write. You're not, you know, listening on now. But you'll learn the lesson variably I'm |
| 33 | 00:06:30,840 --> 00:06:40,980 | gonna get something wrong. And you're like, Oh, let me just go back to what he said. And not push the button and focus on learning. But you'll see that there |
| 34 | 00:06:40,980 --> 00:06:51,300 | are times when the markets are really easy. They're real easy. Like books you've read before you just know, you know, the plot, you know, the dialogue, you know, |
| 35 | 00:06:51,330 --> 00:07:00,000 | characters gonna say with one another, you know, everything. And if you really love the story, the writer of the book, and I have several books like that, more |
| 36 | 00:07:00,000 --> 00:07:12,510 | or less Stephen King books. And I can read them multiple times. And I just, I love him like The Green Mile. That that that movie, the book is way better. But |
| 37 | 00:07:12,510 --> 00:07:22,050 | they did a wonderful job with it. And then you're probably thinking, Oh, here we go. But price is just like that. When you are looking for things that you are |
| 38 | 00:07:22,050 --> 00:07:31,620 | familiar with my students, my long term students, and anyone that's ever been really paying any attention to my content, really taking notes and listening to |
| 39 | 00:07:31,620 --> 00:07:43,890 | when it is I tell folks not to shout to engage price action. It's the days leading up to Non Farm Payroll. Now, clearly, today, I was giving you one more |
| 40 | 00:07:45,090 --> 00:07:52,470 | rebuttal to the people that say, I don't know how to trade or these concepts don't work. And if he knew how to trade or if there was an algorithm, it doesn't |
| 41 | 00:07:52,470 --> 00:08:05,070 | take the day off. On the days before Non Farm Payroll. You're right. It doesn't. It doesn't. But it presents more of a cloud in the clarity and price delivery. |
| 42 | 00:08:06,000 --> 00:08:18,480 | Meaning if you watch the recording I posted this morning on Twitter. I mentioned that I wanted to see those two areas remain on filled. Both of them filled in |
| 43 | 00:08:18,750 --> 00:08:29,220 | immediately my response was it needs to in the next three minutes. In the next three one minute candles, it must deliver the price I'm looking for. Remember I |
| 44 | 00:08:29,220 --> 00:08:39,810 | was talking about? I don't know how far back it was. But there's a time filter I started applying when I see the market showing me signatures that I may be near |
| 45 | 00:08:39,810 --> 00:08:50,010 | intermediate term, high or low and it may be retracing deeper against me. I have to prepare for that. So I don't like to be part of a intermediate term |
| 46 | 00:08:50,070 --> 00:09:00,870 | retracement, unless I'm in a short term trade or one shot one kill you something I'm going to hold for a few days, then I'm not so concerned about that. And my |
| 47 | 00:09:00,870 --> 00:09:11,940 | stock losses so far away from where market price is it's not a factor for me. But if I'm day trading, I have to have a time filter. And I'm waiting to see |
| 48 | 00:09:12,180 --> 00:09:22,980 | does the market still show me a willingness these three PV arrays being broken? I'm in trouble. That means I'm probably gonna get stopped out. It may enter |
| 49 | 00:09:22,980 --> 00:09:34,560 | consolidation or intermediate term retracement. And that's respective to whether I'm bullish or bearish. If I see three things that would normally support price, |
| 50 | 00:09:34,680 --> 00:09:41,790 | while I'm watching price go higher when you see me doing all the annotations and I'm drawing an order blocks and fair value gaps and saying, you know, this is |
| 51 | 00:09:41,790 --> 00:09:50,910 | where it should do this and shouldn't do that. If I'm long and I see three of those broke to the downside, that right there is a warning sign for me. It's a |
| 52 | 00:09:50,910 --> 00:10:00,990 | warning. So I saw those things occurring in my trade this morning as I was building it up and waiting for it to pan out and go to my objectives. There was |
| 53 | 00:10:00,990 --> 00:10:10,020 | two instances where I wanted to see those two gaps remain open. And they didn't, they closed, they went back down to an order block. But that order block would |
| 54 | 00:10:10,020 --> 00:10:21,510 | have been it. Like, once it hit that it needs, it needs to show me, that's why I was like, okay, it must deliver, it absolutely has to deliver now, because if it |
| 55 | 00:10:21,510 --> 00:10:34,620 | doesn't, then I have to get aggressive about taking a lot of the trade off its own, or potentially collapse a trade, not necessarily roll my stop up. Rolling |
| 56 | 00:10:34,620 --> 00:10:43,410 | the stop up is something you want to do once you book profits. Once you take a partial, then you want to start moving your stuff. But you want to do so |
| 57 | 00:10:43,410 --> 00:10:50,220 | gradually. I'm not in a hurry. And my mindset is not Let me hurry up and protect everything I have in the trade. Now, my mindset is, |
| 58 | 00:10:51,720 --> 00:11:00,240 | is price still showing me a willingness to follow the narrative I have subscribed to. Because if the markets are, in fact, algorithmic, then these |
| 59 | 00:11:00,240 --> 00:11:13,530 | things should remain true. Now, the human in me, the person that's going to be fallible, because I'm not infallible, I will invariably do something and make a |
| 60 | 00:11:13,530 --> 00:11:25,590 | decision that was poorly executed on I own those, I own those errors, they're mine. It's not that the algorithm did something false, or it's been changed, or |
| 61 | 00:11:25,920 --> 00:11:35,400 | something to that effect, it just means that I made the error I did. So it removes all the argument. And it's because I'm human, and you're human too, |
| 62 | 00:11:35,850 --> 00:11:42,300 | you're gonna miss a move, you're gonna mess up, you're gonna get stopped out, you're going to not buy enough not sell enough. They're always going to be in |
| 63 | 00:11:42,300 --> 00:11:50,700 | there. As part of the the end result of your, your development and your career as a trader, you're gonna have high points where you're like, I was really doing |
| 64 | 00:11:50,700 --> 00:12:02,190 | well, this time. And you're gonna have these low points where you just feel like you can't find any traction. That's a normal thing. That is a normal thing. I |
| 65 | 00:12:02,190 --> 00:12:18,180 | was listening to Tom Hougaard. And he mentioned that he had, obviously shown publicly to his followers that when he's not trading on his high note, he admits |
| 66 | 00:12:18,180 --> 00:12:28,320 | that it can look dismal. And that may sound like, wait a minute, this guy is supposed to be the high stakes trader, he's the guy who's making a lot of money. |
| 67 | 00:12:29,100 --> 00:12:38,790 | He very well may be doing that. But it doesn't mean that he and anyone else and myself included, aren't exempt from having periods of drawdown where you're just |
| 68 | 00:12:38,820 --> 00:12:47,940 | just in a funk. Like you feel like you're just not, you're just out there in the market may be doing amazing delivery and price, it may be presenting |
| 69 | 00:12:47,940 --> 00:12:56,670 | opportunities left and right. But you just can't align yourself with it. And that's, I mean, I may sound very lucid right now, but I'm droopy hide, I'm |
| 70 | 00:12:56,670 --> 00:13:09,750 | tired. My entire body is fatigued. If you look at my tweet today, I was Miss typing things. And I miss miss. quoted, I wanted to type 4200. And I put 4100. |
| 71 | 00:13:09,750 --> 00:13:15,630 | And I think I've spooked the market because it started dropping. That was on the other things I want to see this year when I started doing live streaming because |
| 72 | 00:13:15,630 --> 00:13:25,170 | when I was on merch Internet Relay Chat, when I was posting what I believe the s&p was going to do, we would see little spikes as soon as I made that post in |
| 73 | 00:13:25,170 --> 00:13:35,430 | the chat room. And to me, I thought it was neat. Like I wanted to see how much of an influence but that most of you, okay, shouldn't be worrying about those |
| 74 | 00:13:35,430 --> 00:13:42,900 | types of things, you should be focused on the things I'm teaching, and does the price action support, the things I've taught and what I'm focusing on in that |
| 75 | 00:13:42,900 --> 00:13:56,730 | very session. But there's gonna be periods where you just can't find your footing. You can't find your groove. And the best thing you can do as a |
| 76 | 00:13:56,820 --> 00:14:10,440 | developing student, is as soon as you figure that out is the case right? Then in there, remove risk. Even if you're in a trade, just remove it, close it. But |
| 77 | 00:14:10,440 --> 00:14:17,910 | Michael, what happens if I would have held on to a trade? Who cares? Because again, we're going back to that same problem. You're assuming your entire career |
| 78 | 00:14:18,000 --> 00:14:29,340 | is encapsulated in that one trade? That's not disciplined. That's not disciplined. Approach to yourself, the reasonable expectations and you're |
| 79 | 00:14:29,400 --> 00:14:42,420 | focusing on money, the right transaction, where you're correct, versus Are you doing the right things to preserve equity and emotional psychological equity |
| 80 | 00:14:42,420 --> 00:14:56,730 | where you're not stressing yourself out unnecessarily? And you can do that being in a trade while fatigued or you feel you just feel off like you just don't have |
| 81 | 00:14:56,730 --> 00:15:06,150 | the confidence and that's not the same thing as new developing traders, forging patience because that's normal, you're gonna feel that. But if you found your |
| 82 | 00:15:06,150 --> 00:15:15,180 | model, and you're pretty much consistent on finding setups, you'll have a little bit of drawdown, you don't freak out, you come back from it, you're not in a |
| 83 | 00:15:15,180 --> 00:15:23,460 | rush to get it back and you still find consistency. I'm talking to that crowd right now, when I'm saying this, if you ever get to that point, where you get |
| 84 | 00:15:23,460 --> 00:15:32,340 | into the market, and you have a position on and you just don't feel connected, you will not be able to respond as you should, when the warning signs are |
| 85 | 00:15:32,340 --> 00:15:42,900 | flashing, you'll be like a deer in headlights. And it'll just roll right over top of you. And after you're out, you'll have complete 2020 perspective. And |
| 86 | 00:15:42,900 --> 00:15:54,180 | you'll think, Oh, I wish I would have, but it's too late then. Versus you get out it does move in your favor. It's okay, because you removed yourself from |
| 87 | 00:15:54,180 --> 00:16:04,500 | that potential, because you don't know the outcome. That's the problem. When you have something move after the fact. When something happens, after it's done, the |
| 88 | 00:16:04,500 --> 00:16:13,260 | hyenas will come and laugh and cackle, and they'll think they have something. And one of the lions stands up and rips or is apart publicly, in sends them |
| 89 | 00:16:13,260 --> 00:16:25,140 | packing. They're not around laughing anymore. So you have to control how much the high end is going to have access to. And in the market, they'll take your |
| 90 | 00:16:25,140 --> 00:16:36,090 | ass off completely, if you're not in control of yourself, if you don't manage the risk. And the only way you can do that is be disciplined. There's nothing |
| 91 | 00:16:36,090 --> 00:16:46,260 | wrong, there's no weakness. It doesn't mean you're not a good trader, if you feel and you acknowledge that you're not, you're not dialed in. That means |
| 92 | 00:16:46,260 --> 00:16:53,880 | you're not focused, you can't focus. You have things tugging at you, your attentions elsewhere, you don't feel well, you're just fatigued, you're tired. |
| 93 | 00:16:55,620 --> 00:17:01,950 | You just don't feel like you're hitting on all the cylinders that you would normally expect yourself to be dealing when you're trading. They're all |
| 94 | 00:17:02,250 --> 00:17:08,970 | invitations, as far as I'm concerned. For you to say, You know what, I'm just going to disconnect, I'm gonna come back either today or in a few days, I'll |
| 95 | 00:17:08,970 --> 00:17:20,250 | take a week off, recuperate, rest, the markets repeat over and over and over again. I've been going daily with you all on Twitter to some degree or another. |
| 96 | 00:17:21,030 --> 00:17:32,040 | And it's pretty consistent. Where I'm pointing, the market generally goes there. Some of you will look at that and say, well, that's, that's not good enough. You |
| 97 | 00:17:32,040 --> 00:17:38,550 | know, I want to be told when to get in, get out when you need to go somewhere else. Because I'm not promising that I'm promising you. I'm going to teach you |
| 98 | 00:17:38,550 --> 00:17:47,670 | how to reprice. But you have to submit to a lot of things. And it's not having your weight mentorship here, I'm not running Burger King. So if you want to have |
| 99 | 00:17:48,540 --> 00:17:56,130 | your way of doing it, then go buy a whole bunch of books, a whole bunch of courses, subscribe to everybody on YouTube that runs a course and sells things. |
| 100 | 00:17:56,460 --> 00:18:05,820 | And then cherry pick what you think works through trial and error. And then see who does better. Because if you're with somebody that has spent enough time to |
| 101 | 00:18:05,820 --> 00:18:15,720 | know what it's likely to do, lost lots of money, learn the lessons from that, how to teach other people how to do it, you want to be under the wing of someone |
| 102 | 00:18:15,720 --> 00:18:25,020 | like that. Because they generally will help steer you away from the problem areas that they themselves encountered. It doesn't mean they're going to |
| 103 | 00:18:25,380 --> 00:18:36,720 | completely make your development free of all kinds of dangers and perils. Because you're going to bring that to the table in your own personality. This |
| 104 | 00:18:36,720 --> 00:18:52,920 | character falls at all of us have. But I think that I'm I'm not stopping. So let me preface it by saying this. But if I were to stop right now, what I've already |
| 105 | 00:18:52,920 --> 00:19:05,790 | demonstrated so far last year, and just this past month, and today, yesterday is enough to communicate that there's something more going on except for buying and |
| 106 | 00:19:05,790 --> 00:19:15,810 | selling pressure. And I want to talk a little bit about this because I mentioned it in tweets last night, and I ruffled some feathers from folks that are in the |
| 107 | 00:19:15,810 --> 00:19:26,670 | industry. They want to come at me with their alma mater, but I'm from I understand where you're from, okay, but you don't know where I'm from. And where |
| 108 | 00:19:26,670 --> 00:19:35,760 | I came from, and what I know, is a little bit above what you're used to seeing. And I that's not arrogance, okay, so just permit me for a few moments to talk |
| 109 | 00:19:36,270 --> 00:19:49,770 | and understand that what I'm saying is nothing egotistical. It's nothing remotely close to trying to be prideful. It's not but I gave an analogy, that if |
| 110 | 00:19:51,810 --> 00:19:59,430 | if you're a card player, okay, and you want to and you're playing cards, I'm not saying you go to a casino, okay, but if you want to round to where they have |
| 111 | 00:19:59,430 --> 00:20:14,070 | private games If you are a card mechanic, it means you were a card cheat, okay? You never run up a card and hand run a deck. Deal seconds deal, bottoms, deal, |
| 112 | 00:20:14,070 --> 00:20:25,560 | fifths 30 seconds. Those are characteristics of someone that is highly proficient in card handling. Now, some of you might be thinking, what does this |
| 113 | 00:20:25,560 --> 00:20:36,030 | got to do anything? Just listen. If you had that skill set, and you sat down with a lay audience of card payers, and maybe they've been playing for a long |
| 114 | 00:20:36,030 --> 00:20:48,030 | time, but they just never seen sleight of hand before. They've never seen a mechanic's grip. They've never seen dealing seconds, bottoms. Never seen |
| 115 | 00:20:48,030 --> 00:20:53,910 | anything like that. And a mechanic that's proficient in doing that, and running up a deck, |
| 116 | 00:20:56,010 --> 00:21:03,540 | I'm going to show you, okay, I'm gonna give you a visual representation of what I mean by this, I'm gonna take a brand new deck of cards. I'm gonna peel the |
| 117 | 00:21:03,540 --> 00:21:14,190 | plastic off of it. I'm gonna show it, it's all real, not some gimmick cards. And I'm going to run up a hand with shuffling right in front of you, and deal it |
| 118 | 00:21:14,190 --> 00:21:26,730 | out. It's gonna look just like everything's on the up and up. Everything's fair. You watch the cards go interwove, one another, it's shuffled, legitimately |
| 119 | 00:21:26,730 --> 00:21:42,990 | shuffled. But I will know every card in its proper order from top down. For those of you who are familiar, look up or google how to riffle stack a sigh |
| 120 | 00:21:42,990 --> 00:21:50,520 | sevens order from a new deck. That'll be homework for y'all. It's kind of hard to find. But that's what it is. That's the procedure. That's what that's what a |
| 121 | 00:21:50,520 --> 00:22:03,450 | magician does with a brand new deck. Just because you hand the cards to someone else at the car table, and you watch them shuffle. That is not fair. Because I |
| 122 | 00:22:03,450 --> 00:22:16,590 | know how to run up a hand. I know how to cop cards. I had to switch cards, all while we're playing. If I was less of a person, I could make a lot of money |
| 123 | 00:22:16,590 --> 00:22:29,370 | doing that. Lots of money doing that. I know how to count the cards as well. Irrelevant. I know. It's not pride on this telling you. These are the things I |
| 124 | 00:22:29,370 --> 00:22:43,470 | pursued when I was a little kid into teenage years. Those are the things I wanted to be good at it. To me, I think performing magic was amazing. And I know |
| 125 | 00:22:43,470 --> 00:22:52,290 | for some of you watching me do these things, it feels like a magic trick. It's got to be some kind of gimmick that I'm doing. But now I'm doing it live. Now |
| 126 | 00:22:52,290 --> 00:22:59,400 | calling and explain to beforehand, why it should do certain things at the specific levels on these very candles watch this candle is going to act as |
| 127 | 00:22:59,400 --> 00:23:17,850 | support at this resistance. I'm taking you behind the scenes and showing you what slight, what gimmick the algorithm is going to be using at that moment. Now |
| 128 | 00:23:17,850 --> 00:23:27,030 | back to the analogy and really relationships I'm trying to control here. Because it's my position, it's not necessarily important for you to believe it. But I |
| 129 | 00:23:27,030 --> 00:23:33,690 | feel because I'm obsessively compulsive about things. I feel I have to at least make the argument as much as I can. And this will be the last time we'll talk |
| 130 | 00:23:33,690 --> 00:23:46,320 | about it. Admittedly, that probably sounds like it's not gonna be true, but it will be the last time I'm going to talk like this. We all watch price, deliver |
| 131 | 00:23:46,350 --> 00:23:59,460 | through our trading platforms. Our broker feeds, you CNBC, the ticker tape, everything, all that price fluctuation. Think of that as cards, individual cards |
| 132 | 00:23:59,460 --> 00:24:08,550 | every time there's a new ticket, a new market price printing, that's a new card in a deck. How many cards are there? Well, let's just say for the sake of a |
| 133 | 00:24:08,550 --> 00:24:22,950 | whole 24 hour day, there's 52 cards. Now, every one of those transactions, obviously would amount way beyond 52. Right. But we're just going to draw a very |
| 134 | 00:24:22,950 --> 00:24:39,450 | vague analogy, but it'll make sense in the end. I have folks that have been floor traders from the CBOT and the CME. I have had people that came from hedge |
| 135 | 00:24:39,450 --> 00:24:55,200 | funds. I have had folks that claimed to be bank traders. Okay. I've had folks that literally would be the bee's knees on Twitter. But they're not market |
| 136 | 00:24:55,200 --> 00:25:04,530 | makers as much as that title is associated with them. They may be called a market maker I made The market for oil, the market for copper, I made the market |
| 137 | 00:25:04,530 --> 00:25:17,100 | for options on this stock. You dealt in price, you didn't make price, you're dealing in the price feed that's coming. Okay, you're not establishing an |
| 138 | 00:25:17,130 --> 00:25:27,810 | ordering? where price is going? Ultimately you have no say so in that you might find and provide liquidity. That's fine. That's not making a market. I mean, |
| 139 | 00:25:27,810 --> 00:25:39,330 | that's the point I'm trying to make in the all of you. Because you're all indoctrinated. You're used to seeing all this misinformation. You only know as |
| 140 | 00:25:39,330 --> 00:25:49,320 | much as the books, and the people that train you when you go to work at these financial institutions. No, that's it. That's all you know. But when those types |
| 141 | 00:25:49,320 --> 00:26:01,410 | of individuals come into this fold, and they see what I'm doing, how I'm calling it, what I'm using, and the logic behind it. Frankly, they're like, What the |
| 142 | 00:26:01,410 --> 00:26:13,920 | fuck is going on here? And it rattles them. And the first thing that they reach for is, Okay, I gotta immediately challenge this guy. Because this is completely |
| 143 | 00:26:13,920 --> 00:26:22,110 | upsetting my entire understanding, I got a question my entire reality, what I've been doing for work for this company, what I've been doing as an employee of |
| 144 | 00:26:22,110 --> 00:26:32,010 | this firm, what I've been doing for this brokerage firm what I've been doing for this bank. Now, I feel like I got a question on reality, because this shouldn't |
| 145 | 00:26:32,010 --> 00:26:43,620 | be possible. Is there really an algorithm? Or is this guy full of shit? Yes, it's always the same way. And some are very belligerent, and say like, Dude, |
| 146 | 00:26:43,620 --> 00:26:55,200 | you're full of shit. Okay, I'm still going to do what I'm dealing. And you don't know what I'm doing. But I'm going to keep doing it. And others very politely |
| 147 | 00:26:55,200 --> 00:27:06,840 | will say, I appreciate what you're trying to do. And I hate what you're saying. And maybe you found some, some patterns. But your logic is the why crisis what |
| 148 | 00:27:06,840 --> 00:27:20,940 | it's doing is wrong. I don't believe I am. I don't believe I am. In fact, I know I'm not. So if we were to go back to the analogy for cards, okay. We're all |
| 149 | 00:27:20,940 --> 00:27:31,230 | watching prices, this meander around going around banging around between specific levels, and it looks all random. And these professionals and retail |
| 150 | 00:27:31,230 --> 00:27:44,400 | traders alike, will look at the charts and attribute a bias a sentiment opinion, if you will, and attribute a measure of monetary risk associated to a pattern |
| 151 | 00:27:45,330 --> 00:27:55,860 | for the output of an indicator, which only does one thing a number crunches what the price is already done. Not that it's guaranteed to do something as a result |
| 152 | 00:27:55,860 --> 00:28:06,660 | after that. It's looking at something crunching the numbers showing it up and spitting it out in there, you're trying to read it. Much like individuals that |
| 153 | 00:28:06,660 --> 00:28:16,710 | take chicken bones and shake them in their hand thrown down and they try to tell the future from them. Or read palms. So bullshit. That's nonsense. The market |
| 154 | 00:28:16,710 --> 00:28:27,420 | has no affinity for algorithmic animal patterns. It has no affinity for Elliott wave, it doesn't even know what Elliott Wave is. It's not keeping count on the |
| 155 | 00:28:27,420 --> 00:28:43,110 | waves. Okay, it's not doing all that shit. It has nothing to do with Wycoff. Nothing. Supply and demand is an illusion. In Commodities, it's a real factor. |
| 156 | 00:28:43,290 --> 00:28:51,840 | That's a real markets real it's a it's the world's grocery store. There's a real supply and demand for corn. There's a real supply and demand for wheat for gold. |
| 157 | 00:28:52,980 --> 00:29:06,510 | But there really is no supply and demand for s&p. So it has to be well engineered. It's all manipulation. It's gyrating and moving around just like the |
| 158 | 00:29:06,510 --> 00:29:17,640 | currencies which has no real supply and demand factors associated either. So when you put down your alma mater, for few moments, and just take a step back |
| 159 | 00:29:17,640 --> 00:29:26,250 | and think about it, we're all watching price go through the ticker tape all day long. That's equivalent to the card shuffling at a table, we're all sitting at |
| 160 | 00:29:26,250 --> 00:29:40,260 | trying to play our hand. But amongst all of us, there's a mechanic that hand that you don't see that's running the cards the way they want those cards ran. |
| 161 | 00:29:41,850 --> 00:29:52,410 | They're calling the pace. They're calling the shots. They know how to make your hand look good enough for you to play it in your plunk your money down and then |
| 162 | 00:29:52,410 --> 00:30:05,280 | they're gonna run you don't end up your ante up because you feel like you got a strong hand. You got kings in there. He says, That's a great hand. Well, it's |
| 163 | 00:30:05,280 --> 00:30:16,470 | really not that great a hand when you have a royal flush in spades kind of defeats the whole purpose of feeling like you're invincible when you have |
| 164 | 00:30:16,470 --> 00:30:23,040 | someone that's on the other side of the table who ran the cards, the delta amount to everybody. And I'm going to show you what that looks like. I'm going |
| 165 | 00:30:23,040 --> 00:30:31,920 | to videotape myself doing it, you can see it happening. Now, I'm not going to do we can tricks on me to channel but I just want to give you a visual |
| 166 | 00:30:31,920 --> 00:30:40,320 | representation because it feels while you're there. Like everything's on the up and up. It's normal. It's it's trustworthy. It's a brand new deck, you can bring |
| 167 | 00:30:40,320 --> 00:30:53,070 | the deck to me sealed up, and I'll still do it. You need to perfect Pharaoh shuffles a football team's name and a basketball team's name. And anybody that |
| 168 | 00:30:53,070 --> 00:30:57,390 | figures out how to find how to run a sci Stebbins order in a deck of cards, a new deck order, |
| 169 | 00:30:58,080 --> 00:31:07,500 | you'll know exactly what I mean what I've just said, there. That's how you do it. But a new deck, ran up like that becomes SCI Stebbins, it means all I need |
| 170 | 00:31:07,500 --> 00:31:17,370 | to know is the bottom card and the top card. What does that mean? I need to know where is the buy side and the sell side. Then I just know the rest of the order. |
| 171 | 00:31:17,550 --> 00:31:28,710 | I know that PV array matrix at that moment I know what is likely to be used in price. But the price may print something, it may not give me a breaker. I mean, |
| 172 | 00:31:28,710 --> 00:31:39,870 | just give me a fair value, it may just give me an order book, it may just give me a propulsion candle. There are so many things. How do you know? Because |
| 173 | 00:31:39,870 --> 00:31:48,420 | there's only going to present one or two things. That's it. That's the benefit of learning everything I'm teaching you because if you're going to be a one |
| 174 | 00:31:48,420 --> 00:31:56,970 | trick pony, you can make money. Yes, you can just do breakers, yes, you can do the model I taught last year on YouTube. They work it works. I'm not limited to |
| 175 | 00:31:56,970 --> 00:32:09,210 | that. Neither should you be once you learn how to do last year's model, which is this year's model. That model is wonderful. But hopefully it'll provide you a |
| 176 | 00:32:09,300 --> 00:32:21,180 | calmness, not to rush to learn to do everything right away. Just let it happen. I didn't learn all this stuff in one week. I didn't learn in one year. It took a |
| 177 | 00:32:21,180 --> 00:32:29,880 | lot of time. And you're gonna find that you're going to wrestle with yourself. And some of you probably go into this and probably watched some of my videos in |
| 178 | 00:32:29,880 --> 00:32:39,780 | the past and said, I'm going to master the breaker. I'm going to master the fair value gap. Now I'm gonna master institutional order flow entry drill. And you're |
| 179 | 00:32:39,780 --> 00:32:48,030 | finding difficulty with it. And you're second guessing yourself. Maybe doesn't work as well as I thought it did. Now you're just trying to push too fast, too |
| 180 | 00:32:48,030 --> 00:32:56,400 | hard. And maybe that PV array is probably not your forte, maybe there's another one it's easier. Visually I think that breakers and fair value gaps are the |
| 181 | 00:32:56,400 --> 00:33:07,590 | easiest one to see. But when we're watching price is moving around gyrating around that's equivalent to every trader sitting at the table watching the deck |
| 182 | 00:33:07,680 --> 00:33:21,720 | get shuffled. Looks fair, right? Everybody's watching the same price. We're all watching ICT talk about the real time data in ES. Those candles are moving |
| 183 | 00:33:21,720 --> 00:33:34,590 | around the market is being shuffled. And then finally, I'm counting cards. Not candles. I'm not counting candles, I'm counting cards. And I'm gonna see when |
| 184 | 00:33:34,590 --> 00:33:50,820 | that hand is perfect for me to bet against because I'm running the deck up. Who's running price? I'm running price. I'm waiting for a specific thing to |
| 185 | 00:33:50,820 --> 00:34:05,010 | occur. And then I'll Ante up a pyramid. Add more to the pot. Add more to the pot. Letting retail traders feel like they got a chance. I annotate it in my |
| 186 | 00:34:05,010 --> 00:34:16,590 | charts. Retail somewhat Nichelle shirt. Retail has their stops here. I'm emptying up. I'm wanting that wrestling match between retail logic traders and |
| 187 | 00:34:16,590 --> 00:34:33,060 | their harmonic patterns to wrestle me which is the market. In the market, when's the highness laugh for a moment. They get a little nip. But eventually the line |
| 188 | 00:34:33,060 --> 00:34:47,310 | stands up in tears or so. And you have 4193 delivered. You have 4180 delivered 4176 and a quarter delivered. All under the basis of accumulation and SMT |
| 189 | 00:34:47,310 --> 00:34:56,160 | divergence between the NASDAQ lows and the ES lows. That was the stage of a setting you up for the idea that this is all under accumulation. It's sloppy and |
| 190 | 00:34:56,160 --> 00:35:05,520 | price deliver. Yes, yes. That was the whole point. It's ugly. You have to know what it looks like. wrestle through that while you're learning. And then if |
| 191 | 00:35:05,520 --> 00:35:12,720 | you're wise, you'll say, I'm not going to trade today. Wait a minute ICT if you wouldn't have traded today, you couldn't call those moves. You're right. And |
| 192 | 00:35:12,720 --> 00:35:24,930 | guess what, I don't give a shit. Because these types of moves happen all the time. That's the problem. When you are not versed in what's actually going on, |
| 193 | 00:35:25,050 --> 00:35:35,280 | and how often this repeats? I mean, I've spent every day with you. Am I deleting tweets? Am I calling things that are outside the the delivery of your own chart? |
| 194 | 00:35:38,610 --> 00:35:51,210 | How many times do I have to say, and show improved before I can really get you to understand that this is not random. It's not random. I just can't speak as |
| 195 | 00:35:51,210 --> 00:36:02,100 | freely as I want to. I want to say all kinds of things, but I can't. So I have to talk like this, which many times frustrates some of you and you get angry, |
| 196 | 00:36:02,100 --> 00:36:12,150 | like, I'm doing it to be funny, or I'm toying with you. I'm not, I wish I could just talk openly, I can't do I have to stay within the language I've created. |
| 197 | 00:36:13,530 --> 00:36:30,750 | That's the only thing keeps me safe. Safe, safe. So when you think, but I've worked at this firm, we were told that this is what happens. And we see, we see |
| 198 | 00:36:30,750 --> 00:36:45,720 | the order flow coming in. You're watching cards being shuffled, you're sitting at the table, you just right next to the dealer, shuffling the cards, and you're |
| 199 | 00:36:45,720 --> 00:36:55,320 | gonna call yourself the market maker. You're neither you're not a dealer. You're not a market maker, you're a participant, you're a player at the card table. |
| 200 | 00:36:58,920 --> 00:37:09,780 | Prices coming and going whether you deal with it, trading it or not. It's equivalent to when you miss a move. You may have seen Oh 41 ad is going to |
| 201 | 00:37:09,780 --> 00:37:18,390 | happen. 4193 I saw that come in ICT before you've mentioned it earlier this morning. I knew it was coming. That's great. It's wonderful. If you don't take a |
| 202 | 00:37:18,390 --> 00:37:30,720 | trade on it, what's it feel like afterwards? Well, you know, I mean, I saw it coming. But you didn't do anything with it. That price was going down |
| 203 | 00:37:30,720 --> 00:37:43,110 | regardless, it was going regardless of whether ICT mentioned it or not. If ICT would have slept in today, and immediately I wish it was I'm tired. It will have |
| 204 | 00:37:43,110 --> 00:37:54,240 | delivered that. I explained to you where it was going to go, why it will go there. Because that's where the orders were biocide was resting above that 4192. |
| 205 | 00:37:56,850 --> 00:38:06,330 | Relative to the daily chart, why should it have gone there, because that's where large funds are. That's where the liquidity is, the algorithm is coded to go to |
| 206 | 00:38:06,330 --> 00:38:15,150 | those intermediate term highs like that on a daily chart. And that way, it allows the market to absorb and utilize that liquidity that will be invariably |
| 207 | 00:38:15,150 --> 00:38:31,380 | resting above that. It has nothing to do with buying and selling pressure has nothing to do with it. zero, zilch. Nada. It is not a factor. My son, my |
| 208 | 00:38:31,380 --> 00:38:40,380 | youngest son, he had this game on his phone. And immediately I was addicted to playing. And once he showed it to me, I just don't remember what the hell name |
| 209 | 00:38:40,380 --> 00:38:47,010 | of it was, it was like this little worm thing or a snake or something like that. And they would get steered around and eat all these dots. But you can't touch |
| 210 | 00:38:47,010 --> 00:38:56,490 | another snake or you can't touch the edge of the air you're playing. Or you got to start all over. And the more dots you eat, the longer your snake becomes. So |
| 211 | 00:38:57,600 --> 00:39:07,080 | in a lot of ways, and I tried to communicate to my son when he was playing, I said, price is just like that snake game where it just goes around constantly |
| 212 | 00:39:07,080 --> 00:39:15,720 | eating liquidity in bigger moves. And like look at the look at the chart today from 930 to now on a one minute chart, that's a snake, okay, that it's grown. |
| 213 | 00:39:16,140 --> 00:39:28,950 | Every new candle has consumed liquidity. It's moved to an inefficiency. And it moved into liquidity. That's all prices doing. That's all it's doing. It's |
| 214 | 00:39:28,950 --> 00:39:39,300 | predetermined. It's gonna be doing whatever it's designed to do. From midnight in New York, local time. It's established. That's the way it works. And I don't |
| 215 | 00:39:39,300 --> 00:39:48,300 | give a fuck, who doesn't believe it. I don't care. But I'm not going to arm wrestle any of you past this day today. I'm not I don't care. You either see it |
| 216 | 00:39:48,330 --> 00:39:53,790 | or you don't. You don't want to subscribe to the view that it's algorithmically driven and you just want to trust the things I'm teaching you. Great. You'll do |
| 217 | 00:39:53,790 --> 00:40:04,920 | no harm to yourself by doing that. But I'm tired of these fucking clowns. Okay. A these idiots on fucking social media making videos pretending they have a |
| 218 | 00:40:04,920 --> 00:40:16,860 | fucking clue. They have no idea what you're talking about 00 and to the professionals that are amongst you. I appreciate the respect and candor that |
| 219 | 00:40:16,860 --> 00:40:31,440 | you've shown me, even though you may disagree with it. But I promise you what you think, you know, that's not it. That is not it. But what happens when the |
| 220 | 00:40:31,440 --> 00:40:43,260 | market does all these crazy gyrations? That's manual intervention, that's when the gears get turned a little bit. And you'll fall victim to that, like I fall |
| 221 | 00:40:43,260 --> 00:40:54,570 | victim to that. I may be in a trade I may be about to take a trade, I may look to get into a trade, it may take me out, put me in or remove me adversely? Whose |
| 222 | 00:40:54,570 --> 00:40:55,710 | fault? Is it? Mine? |
| 223 | 00:40:57,240 --> 00:41:05,640 | Am I gonna say oh, the algorithms changed. They're gonna beat me up for now. No, that just means I made a mistake. As a trader, I got burned that time and my |
| 224 | 00:41:05,640 --> 00:41:13,890 | money management does the work of preserving me. So I don't end my career on one trade transaction. Like most of you, new people are trying to do that you have |
| 225 | 00:41:13,890 --> 00:41:22,920 | hope you're holding your entire success and failure on the basis of the result of the very trade you're in or about to take. And then when it doesn't go to |
| 226 | 00:41:22,920 --> 00:41:37,080 | your way, no wonder you go mentally insane, crazy, flipping out, oh, I can't figure this out. Versus it's one transaction among millions of who knows how |
| 227 | 00:41:37,080 --> 00:41:45,450 | many trade you're gonna take in your whole lifetime. And not all of them are gonna be profitable. Not all, we're gonna go to your target, I wasn't able to be |
| 228 | 00:41:45,450 --> 00:41:54,420 | in on that first run all the way up to 4180, I got stopped out. Did it change my mind about it. Now, as you watch me wrestle it today in front of all of you, in |
| 229 | 00:41:54,420 --> 00:42:03,780 | a day that I wouldn't be trading anyway. Because I know it's shitty. It's choppy. It does a lot of things that won't make a lot of sense at the time. And |
| 230 | 00:42:03,810 --> 00:42:11,790 | I've learned over years decades, to not demand a whole lot of precision on this day. Now, you might look at this and say, Man, that was precise shit. It's not |
| 231 | 00:42:11,790 --> 00:42:22,380 | to me, this is a really cloudy, shitty day doesn't matter. I know what the algorithm is likely to do on the larger scale of it. And I'll have to endure |
| 232 | 00:42:22,380 --> 00:42:32,520 | that now use the short term traders mindset to navigate through all that chop. The fair value gaps I was outlining, they did not hold up. And if that would |
| 233 | 00:42:32,520 --> 00:42:48,660 | have been used as a scout, intraday, you would have been stopped at 4158. It doesn't change the narrative that it would go on were 41 at 4193. Let that sink |
| 234 | 00:42:48,660 --> 00:43:02,220 | in for a minute. One transaction, one expectation in price, not panning out, does not completely cause the market to want to reverse. Alright, we didn't get |
| 235 | 00:43:02,220 --> 00:43:15,570 | that trade, it was a reversal. We gotta go the other direction now. No. And for many of you that watch me, if it goes to a target, that's not an invitation to |
| 236 | 00:43:15,570 --> 00:43:22,530 | go the opposite direction. Like, I'm not trying to constantly be in the marketplace, and I'm not trying to teach my students to worry about reading |
| 237 | 00:43:22,530 --> 00:43:35,220 | price action like that. Can I sit in front of a chart like the ES, or bonds, and trade up and down all day long and be profitable? Yes, I can. But it takes a lot |
| 238 | 00:43:35,220 --> 00:43:43,350 | out of me. So a lot of focus. And for what the fuck that I need to do therefore, why would anybody want to need to do that for? Yes, you can do a lot of |
| 239 | 00:43:43,350 --> 00:43:54,120 | transaction and run up a bill in commissions who, who wants to do that? You want your commission costs and fees to be manageable? Especially if you are traded, |
| 240 | 00:43:54,120 --> 00:44:06,690 | you know, you're gonna be pyramiding your transaction costs go through the roof haven't factored in that any of that cost, have you? Yeah, it eats into it. So |
| 241 | 00:44:06,690 --> 00:44:14,940 | you have to be really sure that you know what you're doing. Not just, I'm a pyramid trader now, because I learned from ICT. And that's not a badge of honor. |
| 242 | 00:44:16,080 --> 00:44:26,700 | That's an incurred increased costs. And you better be more profitable than the average person. Because more transactions is more fees and commissions. And they |
| 243 | 00:44:26,700 --> 00:44:36,870 | can eat into your bottom line if you don't know what you're doing. So when I'm talking to you, and I'm showing these things, I want you to think about that |
| 244 | 00:44:37,740 --> 00:44:47,910 | analogy I used when you're watching price and it's coming down the wire and we're watching every new fluctuation. It feels like it's a free market. It feels |
| 245 | 00:44:47,910 --> 00:44:59,310 | like it's completely random. And we all have the equal playing field of being right or wrong. And it's a 5050 net sum Zero game. It is not anything like that |
| 246 | 00:44:59,310 --> 00:45:15,090 | at all. It's scripted, just like wrestling is the outcomes already predetermined. If it was patterns, okay, if it was patterns or indicators, or |
| 247 | 00:45:15,090 --> 00:45:24,780 | something you can find in a book, or someone that's teaching something out there anywhere. If it was anything like that, that I'm implementing, it would have |
| 248 | 00:45:24,780 --> 00:45:36,210 | been I already identified and then other people will be doing exactly what I'm doing. And they're not. I'm telling you where it's going before it goes. I'm one |
| 249 | 00:45:36,210 --> 00:45:52,530 | sided. And using the logic that I know, I don't guess, I'm not making assumptions based on a conjecture. I know, these markets book on an algorithm. |
| 250 | 00:45:54,150 --> 00:46:03,960 | Sometimes, they do a little squirrely thing here and there might mess up, your focus might get you out of your trade, and that's fine. Go back to square one is |
| 251 | 00:46:03,960 --> 00:46:18,540 | the trade still viable? If it is just trade, like it was your first entry with less risk. But if it's, if it's a wrestling match for you to, to learn under me, |
| 252 | 00:46:19,620 --> 00:46:26,730 | I don't want to have any bound any barriers for any of you to learn this year. So this is the last conversation we're going to have about algorithmic anything, |
| 253 | 00:46:26,790 --> 00:46:40,500 | it's it's going to be these are my concepts. My students understand what they are rooted in, what they're founded in how I codified them. But you need not go |
| 254 | 00:46:40,500 --> 00:46:54,060 | around poking other YouTubers, other traders and try to ridicule and minimize whatever they're doing, because they may very well be profitable. And just |
| 255 | 00:46:54,060 --> 00:47:03,300 | because you're learning something that I believe in, you'll soon at the end of this year discover to it is the highest on the food chain, you're at the closest |
| 256 | 00:47:03,720 --> 00:47:14,940 | that any other methodology would be to the market itself. And that's saying a lot now, and still hitting, hitting pride, it's not ego, it's just the fucking |
| 257 | 00:47:14,940 --> 00:47:29,580 | facts. And when you warm up to the idea that these concepts will call it from that perspective going forward, they give you an edge, there's only gonna be as |
| 258 | 00:47:29,580 --> 00:47:42,810 | good as the trainer to implement them. If you come into a groggy, sick, mad, bent, drunk, high, you're not going to be, you're not gonna be doing it like |
| 259 | 00:47:42,810 --> 00:47:57,510 | you're supposed to be doing it. Your perspective is gonna be skewed. And that's not equating to really using it like I'm teaching it. So I wanted to talk in a |
| 260 | 00:47:57,510 --> 00:48:08,610 | way where I could hopefully disarm you. Because some of you listen to me. And you're always looking for something to attack, instead of just saying, let's |
| 261 | 00:48:08,640 --> 00:48:22,530 | test what he's saying. That's what I'm asking you to do. I mean, if I didn't understand what was likely to happen, how can I be right this many times as |
| 262 | 00:48:22,530 --> 00:48:42,060 | precise? I mean, think when you sit down in these markets, and you try to use large logic that would be opposed to what I'm teaching, your trades aren't going |
| 263 | 00:48:42,060 --> 00:48:53,970 | to pan out. And that's just the bottom line. And they're going to feel like, what am I doing wrong? Or I got to tinker with what I have to adjust. And that's |
| 264 | 00:48:54,000 --> 00:49:03,180 | all the same shit that I did. When I was a young man. When I was 20. I was trying to figure out and decipher what the actual coding for each in the code |
| 265 | 00:49:03,210 --> 00:49:13,170 | indicator, like, what should my variables be for all of my indicators? What settings? I want to fine tune it. And that was the big thing back then. |
| 266 | 00:49:13,530 --> 00:49:21,750 | Everybody wanted to know what you're saying. Y'all asked me to show you my colors on my charts. What difference does it make what colors are when I see |
| 267 | 00:49:21,750 --> 00:49:27,480 | that I think that's somebody that wants to make their charts look like mine. So that way when they take my videos and I forget to put a watermark on it, they |
| 268 | 00:49:27,480 --> 00:49:36,930 | can say oh yeah, it was my it was my trade. You can do what I'm doing. It's gonna take you time, you don't need to fake it |
| 269 | 00:49:42,390 --> 00:49:55,770 | I just want I want to be understood this year. And I don't want any distractions from your learning. Because if you waste this opportunity, like I'm not, I'm not |
| 270 | 00:49:55,800 --> 00:50:06,420 | Springboarding into 2020 for doing this again. Like I'm already tired it, but I'm tired already. And we've only done one month. So it takes a lot to focus. |
| 271 | 00:50:09,990 --> 00:50:19,140 | And keep my wits while I'm doing it and also still have to take all this stuff up. And it's happening on a one minute chart. So I'm trying to be as close as I |
| 272 | 00:50:19,140 --> 00:50:27,030 | possibly can. Because there's people out there will say that I'm using delayed data, and I made the mistake. I wish I wouldn't wish I would not have posted |
| 273 | 00:50:27,030 --> 00:50:37,620 | this tweet now. I said, yesterday, I said all done with the aid of delayed data. And some people said, Oh, no wonder. Well, it makes sense. It's like I'm using |
| 274 | 00:50:37,620 --> 00:50:46,020 | really delayed data. It was delayed only in the sense that the time it takes for me to talk about it live in the live stream, and finally making it to your |
| 275 | 00:50:46,020 --> 00:50:55,620 | computer or phone. Whatever that delay is, I can't I can't change, I can't fix it. So I'm always, I'm always going to have people that are going to doubt it |
| 276 | 00:50:55,620 --> 00:51:02,880 | and to be detractors, and that's fine, you're gonna have the same thing. So just bear that in mind. If you are trying to learn how to do this, and you want to be |
| 277 | 00:51:02,880 --> 00:51:11,220 | a social media influencer. It's not easy, especially if your heart's in it. Because I wear my heart on my sleeve. And I want all of my students to do well. |
| 278 | 00:51:13,260 --> 00:51:26,070 | And when you see me address things that people that don't like me, communicate and talk about, I'm concerned about the one person that listens to them, and |
| 279 | 00:51:26,070 --> 00:51:36,390 | doesn't take the initiative to look into themselves and see, is there anything to this basic, somebody else's opinion, they allow social media to mold and |
| 280 | 00:51:36,390 --> 00:51:43,800 | shape their opinion, which is the worst thing you could possibly do. I'm weighing myself in the bounces in front of all of you, you're able to see what |
| 281 | 00:51:43,800 --> 00:51:58,680 | I'm doing. Every day. I'm right or wrong, wrong, the logic is there, or it's not. And I've converted a lot of folks that were against me years ago. They |
| 282 | 00:51:58,680 --> 00:52:09,240 | don't like to admit it publicly. And I don't rub their nose in it. But I want everyone to do well. Like that's what I want that I don't care who's making |
| 283 | 00:52:09,240 --> 00:52:17,910 | money. As a competitor to me, I don't give a fuck, there's no competition. There's no competition. You make money, everybody else makes money, who cares. |
| 284 | 00:52:21,150 --> 00:52:35,790 | But this, this faction against faction, this tribe against tribe, this team against other team, I don't, there's no ICT team. It's just you. You are an army |
| 285 | 00:52:35,820 --> 00:52:46,350 | of one. When you sit in front of your charts, and you learn how to do this, you don't need allies. You don't need to call on backup, you're going to do whatever |
| 286 | 00:52:46,350 --> 00:52:58,110 | you're going to do. And you're a force to be reckoned with. And your bottom line will be resulting proof and testimony to that. It doesn't mean you won't have |
| 287 | 00:52:58,110 --> 00:53:10,680 | flesh wounds and paper cuts along the way, because you will. But they don't take you out of the game. The only thing that occurs that takes you out is you not |
| 288 | 00:53:10,680 --> 00:53:23,850 | controlling yourself not controlling risk, not overtrading. And who's in control that you are you your broker is not going to help you, your partner that you all |
| 289 | 00:53:24,180 --> 00:53:34,110 | see other folks in the comments, hey, I'm looking for a trade partner, someone to learn, you know, as a partner with no, unless that person is your spouse or |
| 290 | 00:53:34,110 --> 00:53:46,560 | significant other, it doesn't work. A divided mind never sees it the same way. I'm telling you, that's just the fucking truth. You can't deny it once you try |
| 291 | 00:53:46,560 --> 00:53:57,750 | it and you'll drive yourself crazy doing it. You're asking to be in a laboratory experiment, two different individuals with two different personalities, two sets |
| 292 | 00:53:58,350 --> 00:54:09,570 | of character flaws. And we all have character flaws. And you're all going to decipher and interpret whatever I say in my lectures differently. Because you're |
| 293 | 00:54:09,570 --> 00:54:19,080 | cherry picking in the beginning. You want to get right to the buy me sell me stop here, target here. And you're all trying to listen to the things I'm saying |
| 294 | 00:54:19,110 --> 00:54:28,230 | like I'm talking secret code. Oh, he's he's given us a Nygma message. He's talking in parables. He's really speaking to me and he's telling me that by s&p |
| 295 | 00:54:28,230 --> 00:54:38,820 | right now. No, I'm just fucking talking. That's all I'm doing. I'm talking and I'm teaching and everybody hears the same thing, but you're all turning me into |
| 296 | 00:54:38,820 --> 00:54:52,770 | this fucking science fiction shit. Like it's, it's tiresome. I'm just the man. That's all. I got stuff that I think you would enjoy having. And I'm just asking |
| 297 | 00:54:52,770 --> 00:55:06,120 | you to delve into it. But you can't be divided. Can't have someone else I try to help you learn when they're learning. It doesn't make any sense because you |
| 298 | 00:55:06,120 --> 00:55:17,670 | don't know if you have the equivalent of the lowest GPA student in the class as your partner and you're gonna listen to them and be influenced by them and their |
| 299 | 00:55:17,670 --> 00:55:25,260 | GPA and performance and aptitude is in the low end and you don't know that and you don't want to waste time and discovered that's what you've been dealing with |
| 300 | 00:55:30,750 --> 00:55:45,570 | So price is absolutely like a deck of cards being shuffled and when you understand how the mechanic the composite man the real market maker when they're |
| 301 | 00:55:45,570 --> 00:55:59,490 | running up a hand, stacking a deck building a market structure and ready to deal the top or the bottom of the deck buy side or sell side you'll know how to play |
| 302 | 00:55:59,490 --> 00:56:11,610 | the hand that you have during what you can afford to bet and Ante up on if you can't afford it can Ante up then you just watch it you study it but we're not |
| 303 | 00:56:11,610 --> 00:56:24,540 | looking at pricing when it moves like oh shit where did that come from? Oh, that was surprising. Look at that. Have you ever heard me? Remark like wow shit I |
| 304 | 00:56:24,540 --> 00:56:39,570 | didn't see that coming Yeah, you're gonna have this thing thing occur every time we do our live streams it's boring. It's fucking boring. And I'll say this in |
| 305 | 00:56:39,570 --> 00:56:49,260 | closing because I have a couple minutes left. I was gonna go over it Why isn't ICT a fucking billionaire? If he's the smartest person in the world, which I |
| 306 | 00:56:49,260 --> 00:56:59,700 | don't claim to be. I've never said that. Why isn't it the billionaire? Well, first of all, none of you know my net worth and I don't make it my business I'm |
| 307 | 00:56:59,730 --> 00:57:16,440 | telling you my my net worth. And it's irrelevant anyway. But if a card counter is discovered in a casino does the casino invite them to sit at their table? Now |
| 308 | 00:57:21,720 --> 00:57:28,890 | as much as you believe that these markets are free, they're not. They're controlled, and they should be. There's nothing wrong with that. I'm not |
| 309 | 00:57:28,890 --> 00:57:39,240 | vilifying any of it. But you shouldn't be afraid of it. You should be thankful it's rigged. It's good. It's a good thing that it's rigged. Because if it was |
| 310 | 00:57:39,240 --> 00:57:56,400 | really free, the folks on Reddit would have crashed it long time ago. But new seeing how silly that was I have handlers I'm allowed to do certain things. And |
| 311 | 00:57:56,490 --> 00:58:15,540 | a longer list that I can't so you see me doing what I do. Demo no problem. I got no problem. I got no problem teaching you on a demo account. I got no problem |
| 312 | 00:58:16,440 --> 00:58:30,000 | teaching the way I teach. I see no limitation on that. And I allow the ill equipped mentally deficient individuals that wanted to say if he was doing this |
| 313 | 00:58:30,000 --> 00:58:43,290 | and doing that I let them have those arguments and I toy with them and I hear on Twitter and I snidely remark in passing in my videos and that's my way of |
| 314 | 00:58:43,290 --> 00:58:58,290 | letting them know I don't give a fuck. You still can't come close to this and anytime I want I can make millions of dollars anytime I fucking want I am doing |
| 315 | 00:58:58,290 --> 00:59:11,790 | this because I love doing this and it's partially a vendetta and that's as far as I mentioned in that regard. But if someone says I can't walk on the fucking |
| 316 | 00:59:11,790 --> 00:59:22,410 | grass, I'm gonna move walk all over that motherfucker. And while I may not be allowed to play at the table, I'm bringing a whole lot of motherfuckers all |
| 317 | 00:59:22,410 --> 00:59:31,140 | around the world to play. In with that, enjoy your weekend. Until next time, be safe |