Skip to Content
Last modified by Drunk Monkey on 2021-12-01 05:26
From version 11.5
edited by Drunk Monkey
on 2021-02-01 09:07
Change comment: There is no comment for this version
To version 12.4
edited by Drunk Monkey
on 2021-02-01 09:30
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -679,3 +679,156 @@
679 679  
680 680  Any takers?
681 681  )))
682 +1. (((
683 +[[I spent this morning trying to decipher what the CB's felt was salient about ECB speaker's speech>>https://www.youtube.com/post/Ugw-SCDlbK04shxh9TN4AaABCQ]].
684 +
685 +Some of you think my posts are cryptic but her story about mice is oddly reminiscent of coded speech. I'm not a fan of cats.
686 +
687 +If you see EurUsd, it was repriced on the release of her speech. Not a half penny reprice, but it was sudden and onesided.
688 +
689 +It is only Monday and NYO... things still have time to develop.
690 +
691 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~__
692 +January 25, 2021 08:10 am EST
693 +)))
694 +1. (((
695 +[[Two things that I do not know>>https://www.youtube.com/post/UgzRaa66vrdIcibYB-54AaABCQ]]:
696 +
697 +1) Where Sunday's Open will be. Nobody knows or ever will.
698 +
699 +2) The exact weekly closing Price.
700 +
701 +I do know how to find a lot between those two prices though.
702 +
703 +The table of contents and appendix are the least interesting of every book... it is the story in between them, that tells the tale.
704 +
705 +As you were...
706 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~__
707 +January 25, 2021 08:20 am EST
708 +)))
709 +1. (((
710 +[[Note Dollar and my stance relative to Thursday>>https://www.youtube.com/post/UgyZUTZroT-6iWjxgJF4AaABCQ]].
711 +)))
712 +1. (((
713 +[[Scroll down>>https://www.youtube.com/post/UgxCumVX82E70Zy0KMF4AaABCQ]] [pdw: up!] and study the AudUsd illustration again...
714 +
715 +[[https:~~/~~/www.tradingview.com/x/JDs6Tb6V>>https://www.tradingview.com/x/JDs6Tb6V]]
716 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~__
717 +January 25, 2021 08:58 pm EST
718 +)))
719 +1. (((
720 +[[25 Pips a week Folks>>https://www.youtube.com/post/UgybBHbtKlvPnSFfSpV4AaABCQ]]... that is where you start and build consistency.
721 +
722 +Then you grow from there.
723 +
724 +Get busy studying.
725 +
726 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~__
727 +January 25, 2021 10:37 pm EST
728 +)))
729 +1. (((
730 +[[Day 26>>https://www.youtube.com/post/UgxRQq9wV8a_FqebCI14AaABCQ]] - Many of you are learning why I do not choose to trade in the month of January. While it might be true, that the smaller timeframes are moving; the macro timeframes are not. As such, it creates far less probabilities to trade, and I do not like to gamble. I like sure things, and in Price Action, there are signatures that get really close to that. We are not seeing those signatures yet, for 2021.
731 +
732 +At first glance, to a newbie, it feels "broken" or perhaps the idea that "they" changed the algorithm. This is not the case, nor should you be concerned about that. This is typical January quagmire, that generally does not move very much.
733 +
734 +Why is this? Well, typically the world's money is parked at the first of the year and they wait for the new trend or the old trend to resume. It comes, generally, with an animated Price move... that inspires greed. Then the Central Banks will use this new sentiment for the next 2-3 months.
735 +
736 +As a child of the 1970's, yes I am kind of old huh, we played Atari. It was nothing compared to the games of today, where you can free-roam and first-person perspective can be cinematic. In the old days, we played a game named Pong... where it was two rectangles that could only move up or down along the left and right side of the screen.
737 +
738 +The goal was to have that rectangle in the correct place where the small block would "hit it" and send it to the other side of the screen. Ping Pong essentially was the idea with this simple and yes very boring Atari game. You did not get to explore new worlds, new maps, new levels and new adversaries. No, you were kept in a small box and only had a small block to entertain you or bore the heck out of you!
739 +
740 +This is much like trading in January, every year, to me. It is like that vintage Atari game Pong. Yes, there is movement, but it isn't terribly exciting... yet. Which is why I make it clear that I refrain from holding hard opinions or ideas about the markets in this month. It is also the reason I defer new enrollments until the last week of January... so they are not immediately met with boredom and noneventful market commentary.
741 +
742 +Each year, you will discover a repeating theme to specific times to the year. Like a Daily range, the Yearly range has its dead times. Like my Central Bank Dealers Range concept highlights the slow periods intraday... the month of January acts just like it. We use the quiet times to frame the animation later in Price. The same is said for the month of January... we allow the banks to set the initial parameters and then wait for the displacement in Price.
743 +
744 +Neophyte educators will cheerlead these minor fluctuations and their patter will fool onlookers. Trust me in this, there is no real money in motion yet. Small fluctuations can pay, and you see me do a lot of that kind of trading in the past. I do my analysis with the next several months potential movement in mind. I want large order flow behind my trades, not a gamble on a 1-minute chart for volatility sake alone. This is gambling... this is not what I trade, and I do not teach like this.
745 +
746 +Too many use my logo to draw in a crowd and pretend to trade like me, but it is not anything like me. Fraud and impersonation are rampant these days and it is a shame. Many will fall victim to "so called ex-students or banned ICT student" con jobs that only serve to line their pockets on my name and not on their ability to trade... or teach properly.
747 +
748 +One of the best testimonies, to skill and experience, is the Mentor understands when and how they will be wrong. What scenarios, or periods of the year, where they will not do their best, or perform at their optimal levels. They do not try to pretend to always know it all. I make these periods known to my students because they repeat annually.
749 +
750 +These are the periods where I blew out accounts. Where I felt like quitting and endured the most frustrations. Is it any surprise that everyone else will suffer in these same periods? No, but you never consider it because everyone is believing the lies and fake imagery of this industry.
751 +
752 +If you can know, in advance, where and when you will likely do harm to yourself... isn't this beneficial? Isn't this valuable information that you can use to avoid needless losses and frustration? I wish I had this perspective and insight in 1992... but I had to pay for it with fortunes and mental illness. You get to benefit from it with next to no cost or exposure to pain... and this fools you into thinking it is of no concern or value... when it is worth more than precision entries.
753 +
754 +This logic flies in the face of Instagram personalities that want you to believe they got it all together... and know how to be always consistently profitable. This is a farce and the best of the best know their limitations... and on social media, gurus seem to have no kryptonite... just like proof they make money from trading.
755 +
756 +I am never sugarcoated... many times bitter to the taste, just like strong medicine. There is no need to collect scars and horror stories like me. My job as your Mentor, is to protect you along your development. To present you every advantage and shield you from the possibility of self-inflicted harm in your learning and practice. Will I be 100% successful in this endeavor? No. Some will not listen, some want the scars and think of them as badges of honor, like ICT tattoos that bond us together like brothers and sisters in the markets. The wise will listen and tread carefully where I point... and not at all in the periods I say not to.
757 +
758 +When students, typically new pupils, fail to listen... they hurt themselves. Naturally, they do not want to assume the responsibility of their own actions. So, the natural response is to attack the method, the Mentor or model... and not the sole reason for their own predicament, namely themselves. Therefore people quit under me... because what I teach is not easy. It is not easily taught by others; it is not fast tracked in its entirety by others... that is a sales pitch by unprofitable liars... period.
759 +
760 +I know what months I will not likely be profitable. When have you ever heard anyone tell you that? It does not happen. Why? Frauds must keep the illusion of superiority over the competition... and to admit frailty is weakness in their eyes and in the witness of spectators.
761 +
762 +Knowing your limitations and not forcing yourself to perform in those instances, is wisdom. It is a testimony to experience, something 99% on the internet do not have. I know when I will lose... I know when I will win. Take a moment to digest that for a moment... and I understand that is a hard saying. It is, however, a true statement.
763 +
764 +The hardest task for you, is to stick to the process. It is easy to quit. Many do it. Many try to return later... and there is no later now. There is a huge number of you that are about to embark on this journey with me... tomorrow. I am certain you are just as excited as you are nervous. This is normal... this is reasonable. Relax.
765 +
766 +There is a lot of content that you will be expected to consume. There is no pace that you must keep up with or "group" that you must race to keep pace with. Do not fall victim to this illusion. Be mindful that you are investing in yourself... and be diligent with your studies. Do not be overbearing or unrealistic. Take in a little each day... it is easy to overwhelm yourself. Above all, try to enjoy the journey.
767 +
768 +If you make it all study no fun, it will wear you out fast. Do not think you have to understand it all on the first mention of the concept. I teach in layered lessons, as it is the only true way to see how it all ties together. When you look back, this will make more sense to you, as it won't right now.
769 +
770 +Patience, submission to the process and the time required for "you". That is your responsibility... leave the rest to me. I got your best interests in mind and I know how to deliver it.
771 +
772 +Now rest up... you have work to do soon.
773 +
774 +As you were...
775 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_
776 +January 26, 2021 09:45 am EST
777 +)))
778 +1. (((
779 +[[Context is King>>https://www.youtube.com/post/UgyD2KGVlgi86-ym61d4AaABCQ]]...
780 +
781 +I can trade in lower timeframes every week & daily.
782 +
783 +I prefer to trade when the HTF order flow is one sided. As it is right now... it is not.
784 +
785 +I teach how to find that condition.
786 +
787 +This is the basis to my motto "Every Week, Every Day..."
788 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~__
789 +January 26, 2021 11:22 am EST
790 +)))
791 +1. (((
792 +[[Day 27>>https://www.youtube.com/post/UgxR9QWzKkKtTh9IUMJ4AaABCQ]] - New Beginnings... aren't they so exciting?
793 +[[image:ICTYT-TheRoadAhead.jpg]]
794 +
795 +Sometimes, we hold on too tightly, to what we think we know and what we believe we have; and we lose sight of all that could possibly be. We drown out our desire in favour of comfort, and we dull the voice of our heart... as fear settles in.
796 +
797 +However there is nothing more beautiful than a new beginning. It offers fresh hope and a sparkling new perspective on life.
798 +
799 +Letting go is a deep, misty and winding path of internal reflection. It is a brave solo journey, so appreciate and celebrate each and every small, tentative step you take ahead...
800 +
801 +Know that I am blessed to relive these moments with you.
802 +
803 +Excelsior!
804 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~__
805 +January 27, 2021 08:22 am EST
806 +)))
807 +1. (((
808 +[[Day 28>>https://www.youtube.com/post/UgzqkYiGO_1hFqYS7tF4AaABCQ]] - There once was a group of children, who met for weeks to devise a scheme to steal from the ogres in the mountains. The ogres that lived in the mountains were rich and typically stole money from the people that lived at the base of the mountain.
809 +
810 +Word of the scheme made its way to the ogres and they devised a scheme of their own. When the children thought to buy weapons to hurt the ogres, the ogres secretly sold the children the very weapons they hoped to overcome the ogres with.
811 +
812 +The children were not aware of this, and foolishly they marched and chanted in their haste. They actually believed they had an edge over the ogres, that they would be victims of the children.
813 +
814 +Little did the children know, the ogres were profiting from the scheme the children devised. They profited by inflating the costs of the weapons the children purchased to harm the ogres and they did not understand the limitations of the weapons they purchased.
815 +
816 +The children felt empowered and formidable as they marched on the mountain and eager to take down the ogres. All the while, the ogres were laughing amongst themselves as they did. The ogres held control of the weapons and as the controllers, they held the power to make the weapons of no effect.
817 +
818 +When the children thought they were going to be victorious over the mean rich ogres, the ogres ended up devouring them all... and growing evermore rich in the process.
819 +
820 +This is a short little story I just made, up to illustrate my view, on the narrative you might be reading and or hearing about in recent days. When people think they are the reason a market prices to the levels it prints... this is illustrating infancy as a speculator.
821 +
822 +Imagine, if you were an "ogre", I know it sounds repulsive, just work with me here. Imagine, if you were a rich ogre... and you heard that a band of children were planning to buy stocks with the intent to "hurt" you. You being more financially prepared and in an elite position to control or "make the market", these children were planning to buy... what would you do?
823 +
824 +You would offer ridiculous prices at such a lofty premium, that any share count purchased at these levels would mark to market the stocks. The small crumbs that the children purchased were used to build in a pump and dump scheme... while the rich like you, who purchased large blocks prior to repricing and bidding it higher... actually made the real profits.
825 +
826 +In short, the market makers are using these people to sell them their shares they purchased ahead of the pump... and yet, these people are laughing like they hurt the rich. No dear... you fell for it again... and made them even richer. Thanks for playing.
827 +
828 +Yes... reality is cruel but efficient.
829 +
830 +#GME, #AMC, #TheMarketEfficientParadigm, #RealityCheck
831 +
832 +~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_
833 +January 28, 2021 07:35 am EST
834 +)))
ICTYT-TheRoadAhead.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +112.0 KB
Content