Changes for page ICT YT - 2017-09-27 - UsdCad Commentary.srt

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--ICT: All right, all right. All right, we are looking at the dollar CAD pair and
--my 2424 40 levels about k hit. I gave you guys on Twitter, you can see that over
++(% class="hover min" %)
++|1 |00:00:17,940 ~-~-> 00:00:29,640 |ICT: All right, all right. All right, we are looking at the dollar CAD pair and my 2424 40 levels about k hit. I gave you guys on Twitter, you can see that over
++|2 |00:00:29,640 ~-~-> 00:00:49,110 |here. Just give it a few seconds here, make sure to keep things honest around here. So I mentioned that we would see a run on the buy stops around the 124,
++|3 |00:00:49,110 ~-~-> 00:01:05,340 |big figure. And we would see 124 20 and then 124 40. And they would be our objectives at the time of this recording. Okay, it is 1:24pm. East Coast time in
++|4 |00:01:05,340 ~-~-> 00:01:16,020 |the US. I'm in the state of Maryland. So it's on East Coast time. And you can see a punch rate to our targets right there. Very good. Very good. So one more
++|5 |00:01:16,020 ~-~-> 00:01:26,310 |in the books on his hind sight, magic moments. So we're looking at what caused this move here today. And as some of you are probably scratching your head, you
++|6 |00:01:26,310 ~-~-> 00:01:35,610 |know, what's going on? Why do you trade so deeply blower, and I'm going to talk about that in the scope of the free tutorials. So in other words, what we're
++|7 |00:01:35,610 ~-~-> 00:01:49,500 |looking for is reasons to suspect why this could have happened using the information not taught in the free tutorials from 2010. On to 2000. Was it 16.
++|8 |00:01:50,280 ~-~-> 00:02:02,580 |So we have a few things that took place here, obviously, there's some buy stops, okay, I started running here, and here. And they engineered that as a resistance
++|9 |00:02:02,580 ~-~-> 00:02:17,940 |level. So everyone on the forums on social media, everyone running you signal services, you can see this as a resistance point, okay, and therefore expect a
++|10 |00:02:17,940 ~-~-> 00:02:32,670 |low to be made a longer term timeframe, now it's moving lower. So let's go over to the dollar index. Okay. And I'll kind of like want to ask you look at this
++|11 |00:02:32,670 ~-~-> 00:02:40,650 |price action here for the dollar is pretty much a solid day. I mean, we've had new the market make a nice move away from midnight, does keep trading higher and
++|12 |00:02:40,650 ~-~-> 00:02:53,880 |higher and higher. Folks that you try to do, reversals against an underlying strong pair get chopped up smashed, and that was indicative of today's action on
++|13 |00:02:53,880 ~-~-> 00:03:06,930 |dollar. It's real hard to fight that in Sunday. With my personal private group, I gave them scenarios that would lead to potential run on $1. And I keep the
++|14 |00:03:06,930 ~-~-> 00:03:15,420 |comments, and I don't want to open up a Pandora's box because immediately I don't know anything about Bitcoin. I've always been a, an opponent to it. I
++|15 |00:03:15,420 ~-~-> 00:03:25,800 |think it's just basically the new breed of penny stocks. Okay, and until more time is there behind them. I'm open to changing my mind at a later time. But for
++|16 |00:03:25,800 ~-~-> 00:03:33,480 |right now, I just don't personally believe that Bitcoin is something I should be concerned myself with. He doesn't matter that it went up as high as it did.
++|17 |00:03:33,630 ~-~-> 00:03:41,070 |Because penny stocks do that all the time. And just because they do it doesn't mean everybody's poor money, or that they should. Okay, so, and again, I don't
++|18 |00:03:41,070 ~-~-> 00:03:47,880 |know anything about Bitcoin, I couldn't even begin to trade Bitcoin to save my own life. I don't know that much about it. But I made some comments about how I
++|19 |00:03:47,880 ~-~-> 00:04:01,140 |felt that they were going to strengthen the dollar. There's a lot of concern about moving into the dollar. A South America, and if you paying attention below
++|20 |00:04:01,140 ~-~-> 00:04:08,190 |the North American continent, there's a lot of countries down there. And I'm not gonna name names specifically. But because YouTube has a lot of issues with
++|21 |00:04:08,190 ~-~-> 00:04:12,060 |flagging people when it comes to political stuff. So I'm going to kind of like keep it
++|22 |00:04:13,560 ~-~-> 00:04:24,450 |as neutral as I possibly can. But there's a particular country right now that's moving its south or trying to do very well against the dollar and or it's moving
++|23 |00:04:24,450 ~-~-> 00:04:32,760 |away from it. They want to use the dollar, okay? And they're in cahoots with potentially working with another country in the Middle East. Okay, and if you do
++|24 |00:04:32,760 ~-~-> 00:04:40,980 |a Google search, you'll know who these people are. various countries are. And I mentioned that they would probably want to strengthen the dollar on the heels of
++|25 |00:04:40,980 ~-~-> 00:04:51,210 |all of the excitement around the Bitcoin market. Okay, and now again, I don't know what bitcoins doing. I haven't even looked at a chart that care less, okay,
++|26 |00:04:51,210 ~-~-> 00:05:00,720 |but there's this major discussion about, you know, the dollar taken dumper, and it's dead. It's going to this it's going to do that and again, Whenever there's
++|27 |00:05:00,720 ~-~-> 00:05:13,950 |market sentiment built in that strongly, I like to be the other side of the marketplace. So going back to our dollar CAD, we had the market prior to a big
++|28 |00:05:13,950 ~-~-> 00:05:26,910 |speaker. Okay? There was a fella, there's a fella here talking today 1145. This is all East Coast time, New York time. And it was high impact. And the question
++|29 |00:05:26,910 ~-~-> 00:05:37,050 |is, is if the dollar is going higher, okay, if the dollar is going higher, at the same time that they're dragging the dollar CAD lower? Well, math doesn't
++|30 |00:05:37,050 ~-~-> 00:05:46,920 |make any sense. So what are they doing? They're keeping these buy stops in play, coming all the way back down to take some liquidity out of the marketplace.
++|31 |00:05:47,010 ~-~-> 00:05:54,930 |Okay, and I like this one here. And obviously, the question is going to be Why didn't you pick this this one? Or why they didn't go below this one? You know,
++|32 |00:05:54,930 ~-~-> 00:06:05,730 |well, admittedly, I wanted this one to collapse a trade. And you can see the limit order here. And another limit order right in here. This low in this low
++|33 |00:06:05,730 ~-~-> 00:06:14,610 |was what was being targeted for that, okay. And let go and a reason why that's the case. But we understand from the sniper series, persistent trading concepts,
++|34 |00:06:16,320 ~-~-> 00:06:25,740 |those video series that put out, we target these levels. Okay. So while everyone else is looking to deal with things we are thinking, or at least I was trying to
++|35 |00:06:25,740 ~-~-> 00:06:34,020 |teach you to think like a market maker. And throughout hard to do that with neophyte traders, because they have, it's better for you to learn what it's like
++|36 |00:06:34,020 ~-~-> 00:06:42,930 |to be wrong a lot, but not lose a lot of money. So that way, you don't have a whole lot of bad habits, but you can appreciate when you can take the market and
++|37 |00:06:42,930 ~-~-> 00:06:49,950 |turn it upside down and suddenly see everything as it really is, doesn't mean you're always right, that I'm always right. But sometimes I'm pretty, right. So
++|38 |00:06:50,460 ~-~-> 00:06:59,970 |this is where I was looking to see the collapse on the market, making a move lower, I didn't think it would go much lower than that in terms of a hold for
++|39 |00:06:59,970 ~-~-> 00:07:08,580 |short. But my opinion was, I was waiting to see if they drove it below this low here. And that's what's in my chart that I tweeted on Twitter, and had it done
++|40 |00:07:08,580 ~-~-> 00:07:16,980 |that I would have bought below that for a turtle suit. And with the anticipation of running, the buy stops going taking something out midpoint in here, maybe
++|41 |00:07:16,980 ~-~-> 00:07:28,050 |around 2365 or so and then taking profit at the high at 24 710, scaling something off at 2420. And then ultimately leaving that small portion on for
++|42 |00:07:28,050 ~-~-> 00:07:38,670 |2440. And you can see, we were right on the money on them again. I was a little off. I was off by five pips, but that's sometimes gonna happen. And that's okay,
++|43 |00:07:38,700 ~-~-> 00:07:46,050 |I'm not worried about calling the very high. Bottom line is, is I didn't get any of the thing on the long side. Okay, even though that's where I thought the
++|44 |00:07:46,050 ~-~-> 00:07:59,970 |markets gonna go. But because we had a optimal trade entry in here. Okay, optimal trade entry short. That movement lower. Okay, gave us the targets below
++|45 |00:07:59,970 ~-~-> 00:08:09,840 |these swing lows. So everything I gave you, in terms of your free tutorials, is seen in this particular price action and the context because there's a ongoing
++|46 |00:08:09,840 ~-~-> 00:08:22,830 |storyline with the new breed of mentors that are on Twitter and Social Media. I'm taking the high road, okay, I'm not trying to bash anybody else. Okay, I'm
++|47 |00:08:22,830 ~-~-> 00:08:30,030 |not trying to make fun of anyone else, because I've done that a lot in the past. And to be clear, he is kind of like a prick move. So I'm trying not to be a
++|48 |00:08:30,030 ~-~-> 00:08:39,990 |prick. So I mute all the folks that either talk something to me on twitter that's either ignorant number one, or trying to get a rise out of me. So you're
++|49 |00:08:39,990 ~-~-> 00:08:51,690 |not going to get a rise out of me. So you can just relax. But there's this growing trend of folks that are now obviously starting mentorships. And they're
++|50 |00:08:51,690 ~-~-> 00:08:59,610 |claiming, you know, they went through my program, I can tell you, there's two of them. Okay, and you know who you are. So before I start talking about you on
++|51 |00:08:59,610 ~-~-> 00:09:07,770 |social media and calling you out on it, you didn't go through my mentorship program. Okay, so please don't promote your product, like you did, because you
++|52 |00:09:07,770 ~-~-> 00:09:08,040 |did.
++|53 |00:09:08,340 ~-~-> 00:09:16,620 |Okay. So you don't know everything. I taught the mentorship. And anyone that ever tells you that they went through my program or study the ICT program, or
++|54 |00:09:16,620 ~-~-> 00:09:24,690 |they went to the mentorship number one, everyone signed a nondisclosure with me, okay, so if they're promoting themselves, like number one, they're breaking NDA,
++|55 |00:09:24,690 ~-~-> 00:09:33,060 |and I'll move on that. Secondly, they were specifically told that they can't use my name in their marketing. So that's a telltale sign going forward, if anybody
++|56 |00:09:33,060 ~-~-> 00:09:40,830 |ever tells you that they were a private student of mine, okay? And they're going to teach you what's in the mentorship. They're lying. Okay, so to save your
++|57 |00:09:40,830 ~-~-> 00:09:51,720 |money, don't spend your money on that. It is what it is. But if you have bought into a mentorship of some kind, and you're not really looking at things that
++|58 |00:09:51,720 ~-~-> 00:09:59,670 |make a whole lot of sense, or it doesn't feel like it's doing too good for you, in October, you're welcome to come to my house, and it's free. So I'm gonna be
++|59 |00:09:59,670 ~-~-> 00:10:09,270 |able to do that. through things like this every day, Monday through Friday, you all get to sit down with me and have coffee, coffee with ICT. Yep, that's right.
++|60 |00:10:09,630 ~-~-> 00:10:17,910 |I'm going to be doing live analysis over the New York session Monday through Friday. And you'll be able to see what my participation is about particular
++|61 |00:10:17,910 ~-~-> 00:10:25,860 |markets. I'm not going to teach you mentorship stuff, but I'm going to call the market every single trading day that my wife and I have made available for me so
++|62 |00:10:25,860 ~-~-> 00:10:33,720 |much of his plans, if there's something going around in my personal life, I may not be able to do it. So I'm not obvious to anybody. But I certainly want to be
++|63 |00:10:33,720 ~-~-> 00:10:41,520 |able to spend some time with the folks that were outside of our mentorship group. I know a lot of you didn't have the funds to join up, and a lot of you
++|64 |00:10:41,520 ~-~-> 00:10:49,380 |would like to do it. Now, I don't have the energy to go through that, again, just it's a lot of work. It's so many hours, I don't even know how many hours of
++|65 |00:10:49,380 ~-~-> 00:10:59,520 |video it was, but long and short of it is. I can't do that all over again. I'm still finishing up, I'm obligated to the group until December 1 them physically
++|66 |00:10:59,520 ~-~-> 00:11:11,520 |free, okay, but their membership pays for me to have access to have them to have access to me forever. So there's anything that I see in the charts, I can share
++|67 |00:11:11,520 ~-~-> 00:11:19,830 |them with them. That is not what everyone's going to be invited to. So please understand that I'm not inviting you into my mentorship group. I'm not inviting
++|68 |00:11:19,830 ~-~-> 00:11:30,510 |you into my mentorship tutorial area, you're not seeing that, okay, what I'm providing you is a specific little segment in my forum, where you'll have a
++|69 |00:11:30,510 ~-~-> 00:11:39,870 |username and a password that's unique to you. And you'll sign in and you'll be able to kind of like, it's like a blog, okay, but it's dynamic, and you'll be
++|70 |00:11:39,870 ~-~-> 00:11:50,010 |able to engage with me, like I'm doing now see this is recorded, you'll be actually be able to see what I'm doing live, okay, at the time, have Monday
++|71 |00:11:50,010 ~-~-> 00:11:56,250 |through Friday now doesn't mean every single trading day, I'm gonna be doing something like now I'm done for the week, everything I would have expected for
++|72 |00:11:56,250 ~-~-> 00:12:06,810 |the week has happened again. And we did this week after week after week for over a year. And China ingrain that in people's minds in the mentorship group. Now,
++|73 |00:12:06,840 ~-~-> 00:12:16,680 |obviously, with a high level degree of why this is supposed to happen and why that's supposed to happen. And I'm going to try to do that same thing, but only
++|74 |00:12:16,680 ~-~-> 00:12:26,610 |in the scope of what you've been introduced in terms of the free tutorials, because there's a lot of folks right now, okay, that have thought that it's
++|75 |00:12:26,610 ~-~-> 00:12:34,920 |better than to create a signal service or mentorship, because they haven't done well with the actual trading. And I'm not trying to start out republic of any
++|76 |00:12:34,920 ~-~-> 00:12:45,450 |kind, okay, but it's better for you to learn how to do it from the source than some people that learn from me, that are just really repackaging my free
++|77 |00:12:45,450 ~-~-> 00:12:56,610 |tutorials, okay, because that's really what's been going on. And long and short of it is, all of you, were promised that you would get a better understanding in
++|78 |00:12:56,610 ~-~-> 00:13:07,140 |the marketplace, by my material, and my resources. And I want to kind of give you guys a glimpse of what it's like to be able to see these things and observe
++|79 |00:13:07,140 ~-~-> 00:13:16,080 |them in real time. Because there's always been this prevailing idea because I won't show you a track record, I won't do this, I won't do that. I spent a lot
++|80 |00:13:16,080 ~-~-> 00:13:26,490 |of time trolling a lot of time trolling online, because it got it was fun. It was very entertaining for me. But unfortunately, some individuals took it to a
++|81 |00:13:26,610 ~-~-> 00:13:37,290 |totally different level and started really harassing my family members. And no, you know, no one sees my home and no one sees those things while they were
++|82 |00:13:37,290 ~-~-> 00:13:47,040 |promoting all those things on Twitter before. It just got really personal. And I had personal members of my family being interrogated, basically asking you,
++|83 |00:13:47,250 ~-~-> 00:13:54,840 |where is Michael at? And, you know, where do you live at? And is this your car? And you know, is this where you worked? You know, all these types of things, and
++|84 |00:13:54,840 ~-~-> 00:13:56,100 |I got children. So
++|85 |00:13:56,730 ~-~-> 00:14:05,730 |it was just very distracting. I couldn't focus on doing the mentorship group. And it wasn't fair to them, or me or my family. So I just pulled it back. So now
++|86 |00:14:05,730 ~-~-> 00:14:15,510 |because I'm back on social media, because there's people online, and if you go to forex peace army, there's a goober that, put a comment about a review,
++|87 |00:14:15,840 ~-~-> 00:14:23,250 |supposedly being in my mentorship. And I don't recall seeing this particular person by their name in my mentorship group, but it doesn't mean that he wasn't
++|88 |00:14:23,250 ~-~-> 00:14:32,550 |piggybacking on someone and sharing because he couldn't afford to pay the payments. So we had about 200 people quit over the course of the last 12 months,
++|89 |00:14:32,640 ~-~-> 00:14:48,870 |and I got a strong 664 I think it is yet to turn 64 members to actually completed the course with me. And really solid group. Nobody's you know, a drama
++|90 |00:14:48,870 ~-~-> 00:15:02,010 |queen, okay. They're very focused and intent on learning what was shown to them, but there were a few that were introduced to my stuff. Because they were looking
++|91 |00:15:02,010 ~-~-> 00:15:10,890 |for signals, they quickly ran away, because they were hoping to make money on signals, and then therefore pay for the service. And I told everyone going in,
++|92 |00:15:10,890 ~-~-> 00:15:20,250 |it's not a signal service, it's to teach you how to look at the marketplace. And that's only, that's the only thing I'm promising for you guys to be part of, you
++|93 |00:15:20,250 ~-~-> 00:15:29,370 |know, this free venture, it's not, you know, it's not going to have any mentorship stuff in it. Okay, here's no way for you to talk in the forum.
++|94 |00:15:29,700 ~-~-> 00:15:39,180 |Because I'm not gonna be babysitting, I have mentorship moderators. But for the most part, everyone conducts themselves in a businesslike in very respectable
++|95 |00:15:39,180 ~-~-> 00:15:48,000 |manner. And they are the ones that are voiced. Even those individuals won't be allowed to talk in this specific area, it's just gonna be me. And not to sound
++|96 |00:15:48,030 ~-~-> 00:15:55,770 |egotistical, but really, you're in here to really hear what my perspective is either to make fun of me when I'm wrong, or to learn from me, and hopefully, you
++|97 |00:15:55,770 ~-~-> 00:16:04,440 |know, I'll give you an opportunity to see, from my perspective, at least, on what the markets are doing, and we're going into a really busy time of the year.
++|98 |00:16:04,710 ~-~-> 00:16:12,420 |I really love this time of year, the markets move around gyrate, it's really fun. And I want to be able to share that experience with you. And if you guys
++|99 |00:16:12,420 ~-~-> 00:16:23,400 |want to continue into 2018, then it will obviously be a private membership, where, yes, there will be a PayPal link for that. And you probably think I knew
++|100 |00:16:23,400 ~-~-> 00:16:30,930 |was coming, that's okay, you don't have to be a part of it. Just like everyone had an invitation to go with the mentorship. I'm making myself available for the
++|101 |00:16:30,930 ~-~-> 00:16:39,480 |New York session. So that way you guys want to watch my commentary. In see what I'm looking at real time, again, is not a signal service, I'm not going to tell
++|102 |00:16:39,480 ~-~-> 00:16:48,720 |you by here, put your stop here, do any of that stuff I'm going to do is specifically call the market where I think it's going to move from higher or
++|103 |00:16:48,720 ~-~-> 00:16:57,990 |lower, and where risk should be defined. And because it's in a demo account, you can't lose money, and you can't make money. And if you got a problem with that
++|104 |00:16:58,020 ~-~-> 00:17:08,340 |don't even bother coming in. Okay, but you're certainly welcome to spend the rest of this year with me and see what goes on and how accurately can be and
++|105 |00:17:08,340 ~-~-> 00:17:19,020 |when we're wrong. So I'll leave it to you guys to discern whether or not it's of any interest to you. But I just got a really bad taste in my mouth when someone
++|106 |00:17:19,080 ~-~-> 00:17:33,720 |or some folks that spent time with me make a case about belittling people that follow my work. But they're just really just repackaging my stuff. Okay, broken
++|107 |00:17:33,720 ~-~-> 00:17:45,480 |nose patterns, and you know exactly what I'm talking about. Okay, it's just really breakers in mitigation blocks. So, yeah, moral net, I'm sure, only in the
++|108 |00:17:45,480 ~-~-> 00:17:53,190 |capacity of YouTube. But it is what it is, you guys got a couple different examples this week. And they weren't small little scalps. They're big, big, big
++|109 |00:17:53,190 ~-~-> 00:18:00,870 |moves. And this is what we do. We look for decisive moves in the marketplace, we look for elephant tracks, okay. And if we see an elephant track, we know we got
++|110 |00:18:00,870 ~-~-> 00:18:10,530 |an elephant. And elephants aren't small. If you put an elephant turned loose in a china cabinet, you know, it's gonna destroy a lot of things and leave a lot of
++|111 |00:18:10,530 ~-~-> 00:18:18,960 |evidence that they came through. And you can see that there's a big elephant track in the market, most of that mentioned today, and also with the euro
++|112 |00:18:18,960 ~-~-> 00:18:28,650 |dollar. So with that, folks, hopefully, this has been insightful to you. If it hasn't been, it's fine. If you like these types of things, and you want to see a
++|113 |00:18:28,650 ~-~-> 00:18:37,920 |more dynamic way of doing it, over charts live. That's what's coming in October, along with my old tutorial, so that way you guys can follow along. There's a lot
++|114 |00:18:37,920 ~-~-> 00:18:47,010 |of folks that email me on a daily, hundreds of emails a day, come into my inner circle trader@gmail.com. And I'll just answer it all right now, all of my old
++|115 |00:18:47,070 ~-~-> 00:18:56,190 |tutorials are coming back, they're going to be in a forum, the website, the inner circle, trader.com will be the link. Okay. And then it'll
++|116 |00:18:56,190 ~-~-> 00:19:04,290 |be a membership, where you sign up, there is no cost for this whole rest of remaining this year. I'm not asking for anything, you guys are welcome to come
++|117 |00:19:04,290 ~-~-> 00:19:13,320 |in, and just watch, okay, and if you think it's great, and you want to continue in 2018, you will be given an invitation to do so. If you don't be a welcome to
++|118 |00:19:13,410 ~-~-> 00:19:23,640 |talk all kinds of mess about me online. I don't care. I don't mind. Okay. It doesn't bother me. But you have, basically, what's that? October, November,
++|119 |00:19:23,640 ~-~-> 00:19:31,410 |December, you got three months to spend with me. Okay, and I can't promise every single day Monday through Friday, but there'll be enough for you to see that
++|120 |00:19:31,410 ~-~-> 00:19:40,410 |there is a way of looking at price action, and having an understanding where it should go, why it should go there. And using just the free tutorials alone, and
++|121 |00:19:40,410 ~-~-> 00:19:49,020 |I'm going to really be focusing on giving you a better understanding of optimal trade entry. Because everything I've told you this week, there was just one
++|122 |00:19:49,020 ~-~-> 00:19:58,950 |pattern, optimal trade entry. So that one particular pattern, the one I started with back on bt pis back in 2010. That's the one I started with. And that's the
++|123 |00:19:58,950 ~-~-> 00:20:07,560 |one I'm sticking To for everyone to be able to find a little niche in the marketplace because that pattern is on every timeframe. It's in every style of
++|124 |00:20:07,560 ~-~-> 00:20:16,800 |trading, long term position trading, or scalping on a one minute chart. So until I talk to you next time, which probably won't be until next week in terms of a
++|125 |00:20:16,800 ~-~-> 00:20:21,570 |video, wish you good luck, good trading, have yourself a pleasant safe week, and I'll catch up with you next time.
--2
--00:00:29,640 ~-~-> 00:00:49,110
--here. Just give it a few seconds here, make sure to keep things honest around
--here. So I mentioned that we would see a run on the buy stops around the 124,
--
--3
--00:00:49,110 ~-~-> 00:01:05,340
--big figure. And we would see 124 20 and then 124 40. And they would be our
--objectives at the time of this recording. Okay, it is 1:24pm. East Coast time in
--
--4
--00:01:05,340 ~-~-> 00:01:16,020
--the US. I'm in the state of Maryland. So it's on East Coast time. And you can
--see a punch rate to our targets right there. Very good. Very good. So one more
--
--5
--00:01:16,020 ~-~-> 00:01:26,310
--in the books on his hind sight, magic moments. So we're looking at what caused
--this move here today. And as some of you are probably scratching your head, you
--
--6
--00:01:26,310 ~-~-> 00:01:35,610
--know, what's going on? Why do you trade so deeply blower, and I'm going to talk
--about that in the scope of the free tutorials. So in other words, what we're
--
--7
--00:01:35,610 ~-~-> 00:01:49,500
--looking for is reasons to suspect why this could have happened using the
--information not taught in the free tutorials from 2010. On to 2000. Was it 16.
--
--8
--00:01:50,280 ~-~-> 00:02:02,580
--So we have a few things that took place here, obviously, there's some buy stops,
--okay, I started running here, and here. And they engineered that as a resistance
--
--9
--00:02:02,580 ~-~-> 00:02:17,940
--level. So everyone on the forums on social media, everyone running you signal
--services, you can see this as a resistance point, okay, and therefore expect a
--
--10
--00:02:17,940 ~-~-> 00:02:32,670
--low to be made a longer term timeframe, now it's moving lower. So let's go over
--to the dollar index. Okay. And I'll kind of like want to ask you look at this
--
--11
--00:02:32,670 ~-~-> 00:02:40,650
--price action here for the dollar is pretty much a solid day. I mean, we've had
--new the market make a nice move away from midnight, does keep trading higher and
--
--12
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--higher and higher. Folks that you try to do, reversals against an underlying
--strong pair get chopped up smashed, and that was indicative of today's action on
--
--13
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--dollar. It's real hard to fight that in Sunday. With my personal private group,
--I gave them scenarios that would lead to potential run on $1. And I keep the
--
--14
--00:03:06,930 ~-~-> 00:03:15,420
--comments, and I don't want to open up a Pandora's box because immediately I
--don't know anything about Bitcoin. I've always been a, an opponent to it. I
--
--15
--00:03:15,420 ~-~-> 00:03:25,800
--think it's just basically the new breed of penny stocks. Okay, and until more
--time is there behind them. I'm open to changing my mind at a later time. But for
--
--16
--00:03:25,800 ~-~-> 00:03:33,480
--right now, I just don't personally believe that Bitcoin is something I should be
--concerned myself with. He doesn't matter that it went up as high as it did.
--
--17
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--Because penny stocks do that all the time. And just because they do it doesn't
--mean everybody's poor money, or that they should. Okay, so, and again, I don't
--
--18
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--know anything about Bitcoin, I couldn't even begin to trade Bitcoin to save my
--own life. I don't know that much about it. But I made some comments about how I
--
--19
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--felt that they were going to strengthen the dollar. There's a lot of concern
--about moving into the dollar. A South America, and if you paying attention below
--
--20
--00:04:01,140 ~-~-> 00:04:08,190
--the North American continent, there's a lot of countries down there. And I'm not
--gonna name names specifically. But because YouTube has a lot of issues with
--
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--flagging people when it comes to political stuff. So I'm going to kind of like
--keep it
--
--22
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--as neutral as I possibly can. But there's a particular country right now that's
--moving its south or trying to do very well against the dollar and or it's moving
--
--23
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--away from it. They want to use the dollar, okay? And they're in cahoots with
--potentially working with another country in the Middle East. Okay, and if you do
--
--24
--00:04:32,760 ~-~-> 00:04:40,980
--a Google search, you'll know who these people are. various countries are. And I
--mentioned that they would probably want to strengthen the dollar on the heels of
--
--25
--00:04:40,980 ~-~-> 00:04:51,210
--all of the excitement around the Bitcoin market. Okay, and now again, I don't
--know what bitcoins doing. I haven't even looked at a chart that care less, okay,
--
--26
--00:04:51,210 ~-~-> 00:05:00,720
--but there's this major discussion about, you know, the dollar taken dumper, and
--it's dead. It's going to this it's going to do that and again, Whenever there's
--
--27
--00:05:00,720 ~-~-> 00:05:13,950
--market sentiment built in that strongly, I like to be the other side of the
--marketplace. So going back to our dollar CAD, we had the market prior to a big
--
--28
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--speaker. Okay? There was a fella, there's a fella here talking today 1145. This
--is all East Coast time, New York time. And it was high impact. And the question
--
--29
--00:05:26,910 ~-~-> 00:05:37,050
--is, is if the dollar is going higher, okay, if the dollar is going higher, at
--the same time that they're dragging the dollar CAD lower? Well, math doesn't
--
--30
--00:05:37,050 ~-~-> 00:05:46,920
--make any sense. So what are they doing? They're keeping these buy stops in play,
--coming all the way back down to take some liquidity out of the marketplace.
--
--31
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--Okay, and I like this one here. And obviously, the question is going to be Why
--didn't you pick this this one? Or why they didn't go below this one? You know,
--
--32
--00:05:54,930 ~-~-> 00:06:05,730
--well, admittedly, I wanted this one to collapse a trade. And you can see the
--limit order here. And another limit order right in here. This low in this low
--
--33
--00:06:05,730 ~-~-> 00:06:14,610
--was what was being targeted for that, okay. And let go and a reason why that's
--the case. But we understand from the sniper series, persistent trading concepts,
--
--34
--00:06:16,320 ~-~-> 00:06:25,740
--those video series that put out, we target these levels. Okay. So while everyone
--else is looking to deal with things we are thinking, or at least I was trying to
--
--35
--00:06:25,740 ~-~-> 00:06:34,020
--teach you to think like a market maker. And throughout hard to do that with
--neophyte traders, because they have, it's better for you to learn what it's like
--
--36
--00:06:34,020 ~-~-> 00:06:42,930
--to be wrong a lot, but not lose a lot of money. So that way, you don't have a
--whole lot of bad habits, but you can appreciate when you can take the market and
--
--37
--00:06:42,930 ~-~-> 00:06:49,950
--turn it upside down and suddenly see everything as it really is, doesn't mean
--you're always right, that I'm always right. But sometimes I'm pretty, right. So
--
--38
--00:06:50,460 ~-~-> 00:06:59,970
--this is where I was looking to see the collapse on the market, making a move
--lower, I didn't think it would go much lower than that in terms of a hold for
--
--39
--00:06:59,970 ~-~-> 00:07:08,580
--short. But my opinion was, I was waiting to see if they drove it below this low
--here. And that's what's in my chart that I tweeted on Twitter, and had it done
--
--40
--00:07:08,580 ~-~-> 00:07:16,980
--that I would have bought below that for a turtle suit. And with the anticipation
--of running, the buy stops going taking something out midpoint in here, maybe
--
--41
--00:07:16,980 ~-~-> 00:07:28,050
--around 2365 or so and then taking profit at the high at 24 710, scaling
--something off at 2420. And then ultimately leaving that small portion on for
--
--42
--00:07:28,050 ~-~-> 00:07:38,670
--2440. And you can see, we were right on the money on them again. I was a little
--off. I was off by five pips, but that's sometimes gonna happen. And that's okay,
--
--43
--00:07:38,700 ~-~-> 00:07:46,050
--I'm not worried about calling the very high. Bottom line is, is I didn't get any
--of the thing on the long side. Okay, even though that's where I thought the
--
--44
--00:07:46,050 ~-~-> 00:07:59,970
--markets gonna go. But because we had a optimal trade entry in here. Okay,
--optimal trade entry short. That movement lower. Okay, gave us the targets below
--
--45
--00:07:59,970 ~-~-> 00:08:09,840
--these swing lows. So everything I gave you, in terms of your free tutorials, is
--seen in this particular price action and the context because there's a ongoing
--
--46
--00:08:09,840 ~-~-> 00:08:22,830
--storyline with the new breed of mentors that are on Twitter and Social Media.
--I'm taking the high road, okay, I'm not trying to bash anybody else. Okay, I'm
--
--47
--00:08:22,830 ~-~-> 00:08:30,030
--not trying to make fun of anyone else, because I've done that a lot in the past.
--And to be clear, he is kind of like a prick move. So I'm trying not to be a
--
--48
--00:08:30,030 ~-~-> 00:08:39,990
--prick. So I mute all the folks that either talk something to me on twitter
--that's either ignorant number one, or trying to get a rise out of me. So you're
--
--49
--00:08:39,990 ~-~-> 00:08:51,690
--not going to get a rise out of me. So you can just relax. But there's this
--growing trend of folks that are now obviously starting mentorships. And they're
--
--50
--00:08:51,690 ~-~-> 00:08:59,610
--claiming, you know, they went through my program, I can tell you, there's two of
--them. Okay, and you know who you are. So before I start talking about you on
--
--51
--00:08:59,610 ~-~-> 00:09:07,770
--social media and calling you out on it, you didn't go through my mentorship
--program. Okay, so please don't promote your product, like you did, because you
--
--52
--00:09:07,770 ~-~-> 00:09:08,040
--did.
--
--53
--00:09:08,340 ~-~-> 00:09:16,620
--Okay. So you don't know everything. I taught the mentorship. And anyone that
--ever tells you that they went through my program or study the ICT program, or
--
--54
--00:09:16,620 ~-~-> 00:09:24,690
--they went to the mentorship number one, everyone signed a nondisclosure with me,
--okay, so if they're promoting themselves, like number one, they're breaking NDA,
--
--55
--00:09:24,690 ~-~-> 00:09:33,060
--and I'll move on that. Secondly, they were specifically told that they can't use
--my name in their marketing. So that's a telltale sign going forward, if anybody
--
--56
--00:09:33,060 ~-~-> 00:09:40,830
--ever tells you that they were a private student of mine, okay? And they're going
--to teach you what's in the mentorship. They're lying. Okay, so to save your
--
--57
--00:09:40,830 ~-~-> 00:09:51,720
--money, don't spend your money on that. It is what it is. But if you have bought
--into a mentorship of some kind, and you're not really looking at things that
--
--58
--00:09:51,720 ~-~-> 00:09:59,670
--make a whole lot of sense, or it doesn't feel like it's doing too good for you,
--in October, you're welcome to come to my house, and it's free. So I'm gonna be
--
--59
--00:09:59,670 ~-~-> 00:10:09,270
--able to do that. through things like this every day, Monday through Friday, you
--all get to sit down with me and have coffee, coffee with ICT. Yep, that's right.
--
--60
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--I'm going to be doing live analysis over the New York session Monday through
--Friday. And you'll be able to see what my participation is about particular
--
--61
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--markets. I'm not going to teach you mentorship stuff, but I'm going to call the
--market every single trading day that my wife and I have made available for me so
--
--62
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--much of his plans, if there's something going around in my personal life, I may
--not be able to do it. So I'm not obvious to anybody. But I certainly want to be
--
--63
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--able to spend some time with the folks that were outside of our mentorship
--group. I know a lot of you didn't have the funds to join up, and a lot of you
--
--64
--00:10:41,520 ~-~-> 00:10:49,380
--would like to do it. Now, I don't have the energy to go through that, again,
--just it's a lot of work. It's so many hours, I don't even know how many hours of
--
--65
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--video it was, but long and short of it is. I can't do that all over again. I'm
--still finishing up, I'm obligated to the group until December 1 them physically
--
--66
--00:10:59,520 ~-~-> 00:11:11,520
--free, okay, but their membership pays for me to have access to have them to have
--access to me forever. So there's anything that I see in the charts, I can share
--
--67
--00:11:11,520 ~-~-> 00:11:19,830
--them with them. That is not what everyone's going to be invited to. So please
--understand that I'm not inviting you into my mentorship group. I'm not inviting
--
--68
--00:11:19,830 ~-~-> 00:11:30,510
--you into my mentorship tutorial area, you're not seeing that, okay, what I'm
--providing you is a specific little segment in my forum, where you'll have a
--
--69
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--username and a password that's unique to you. And you'll sign in and you'll be
--able to kind of like, it's like a blog, okay, but it's dynamic, and you'll be
--
--70
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--able to engage with me, like I'm doing now see this is recorded, you'll be
--actually be able to see what I'm doing live, okay, at the time, have Monday
--
--71
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--through Friday now doesn't mean every single trading day, I'm gonna be doing
--something like now I'm done for the week, everything I would have expected for
--
--72
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--the week has happened again. And we did this week after week after week for over
--a year. And China ingrain that in people's minds in the mentorship group. Now,
--
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--obviously, with a high level degree of why this is supposed to happen and why
--that's supposed to happen. And I'm going to try to do that same thing, but only
--
--74
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--in the scope of what you've been introduced in terms of the free tutorials,
--because there's a lot of folks right now, okay, that have thought that it's
--
--75
--00:12:26,610 ~-~-> 00:12:34,920
--better than to create a signal service or mentorship, because they haven't done
--well with the actual trading. And I'm not trying to start out republic of any
--
--76
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--kind, okay, but it's better for you to learn how to do it from the source than
--some people that learn from me, that are just really repackaging my free
--
--77
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--tutorials, okay, because that's really what's been going on. And long and short
--of it is, all of you, were promised that you would get a better understanding in
--
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--the marketplace, by my material, and my resources. And I want to kind of give
--you guys a glimpse of what it's like to be able to see these things and observe
--
--79
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--them in real time. Because there's always been this prevailing idea because I
--won't show you a track record, I won't do this, I won't do that. I spent a lot
--
--80
--00:13:16,080 ~-~-> 00:13:26,490
--of time trolling a lot of time trolling online, because it got it was fun. It
--was very entertaining for me. But unfortunately, some individuals took it to a
--
--81
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--totally different level and started really harassing my family members. And no,
--you know, no one sees my home and no one sees those things while they were
--
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--promoting all those things on Twitter before. It just got really personal. And I
--had personal members of my family being interrogated, basically asking you,
--
--83
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--where is Michael at? And, you know, where do you live at? And is this your car?
--And you know, is this where you worked? You know, all these types of things, and
--
--84
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--I got children. So
--
--85
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--it was just very distracting. I couldn't focus on doing the mentorship group.
--And it wasn't fair to them, or me or my family. So I just pulled it back. So now
--
--86
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--because I'm back on social media, because there's people online, and if you go
--to forex peace army, there's a goober that, put a comment about a review,
--
--87
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--supposedly being in my mentorship. And I don't recall seeing this particular
--person by their name in my mentorship group, but it doesn't mean that he wasn't
--
--88
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--piggybacking on someone and sharing because he couldn't afford to pay the
--payments. So we had about 200 people quit over the course of the last 12 months,
--
--89
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--and I got a strong 664 I think it is yet to turn 64 members to actually
--completed the course with me. And really solid group. Nobody's you know, a drama
--
--90
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--queen, okay. They're very focused and intent on learning what was shown to them,
--but there were a few that were introduced to my stuff. Because they were looking
--
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--for signals, they quickly ran away, because they were hoping to make money on
--signals, and then therefore pay for the service. And I told everyone going in,
--
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--it's not a signal service, it's to teach you how to look at the marketplace. And
--that's only, that's the only thing I'm promising for you guys to be part of, you
--
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--know, this free venture, it's not, you know, it's not going to have any
--mentorship stuff in it. Okay, here's no way for you to talk in the forum.
--
--94
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--Because I'm not gonna be babysitting, I have mentorship moderators. But for the
--most part, everyone conducts themselves in a businesslike in very respectable
--
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--manner. And they are the ones that are voiced. Even those individuals won't be
--allowed to talk in this specific area, it's just gonna be me. And not to sound
--
--96
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--egotistical, but really, you're in here to really hear what my perspective is
--either to make fun of me when I'm wrong, or to learn from me, and hopefully, you
--
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--know, I'll give you an opportunity to see, from my perspective, at least, on
--what the markets are doing, and we're going into a really busy time of the year.
--
--98
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--I really love this time of year, the markets move around gyrate, it's really
--fun. And I want to be able to share that experience with you. And if you guys
--
--99
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--want to continue into 2018, then it will obviously be a private membership,
--where, yes, there will be a PayPal link for that. And you probably think I knew
--
--100
--00:16:23,400 ~-~-> 00:16:30,930
--was coming, that's okay, you don't have to be a part of it. Just like everyone
--had an invitation to go with the mentorship. I'm making myself available for the
--
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--00:16:30,930 ~-~-> 00:16:39,480
--New York session. So that way you guys want to watch my commentary. In see what
--I'm looking at real time, again, is not a signal service, I'm not going to tell
--
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--you by here, put your stop here, do any of that stuff I'm going to do is
--specifically call the market where I think it's going to move from higher or
--
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--lower, and where risk should be defined. And because it's in a demo account, you
--can't lose money, and you can't make money. And if you got a problem with that
--
--104
--00:16:58,020 ~-~-> 00:17:08,340
--don't even bother coming in. Okay, but you're certainly welcome to spend the
--rest of this year with me and see what goes on and how accurately can be and
--
--105
--00:17:08,340 ~-~-> 00:17:19,020
--when we're wrong. So I'll leave it to you guys to discern whether or not it's of
--any interest to you. But I just got a really bad taste in my mouth when someone
--
--106
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--or some folks that spent time with me make a case about belittling people that
--follow my work. But they're just really just repackaging my stuff. Okay, broken
--
--107
--00:17:33,720 ~-~-> 00:17:45,480
--nose patterns, and you know exactly what I'm talking about. Okay, it's just
--really breakers in mitigation blocks. So, yeah, moral net, I'm sure, only in the
--
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--capacity of YouTube. But it is what it is, you guys got a couple different
--examples this week. And they weren't small little scalps. They're big, big, big
--
--109
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--moves. And this is what we do. We look for decisive moves in the marketplace, we
--look for elephant tracks, okay. And if we see an elephant track, we know we got
--
--110
--00:18:00,870 ~-~-> 00:18:10,530
--an elephant. And elephants aren't small. If you put an elephant turned loose in
--a china cabinet, you know, it's gonna destroy a lot of things and leave a lot of
--
--111
--00:18:10,530 ~-~-> 00:18:18,960
--evidence that they came through. And you can see that there's a big elephant
--track in the market, most of that mentioned today, and also with the euro
--
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--dollar. So with that, folks, hopefully, this has been insightful to you. If it
--hasn't been, it's fine. If you like these types of things, and you want to see a
--
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--more dynamic way of doing it, over charts live. That's what's coming in October,
--along with my old tutorial, so that way you guys can follow along. There's a lot
--
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--of folks that email me on a daily, hundreds of emails a day, come into my inner
--circle trader@gmail.com. And I'll just answer it all right now, all of my old
--
--115
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--tutorials are coming back, they're going to be in a forum, the website, the
--inner circle, trader.com will be the link. Okay. And then it'll
--
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--be a membership, where you sign up, there is no cost for this whole rest of
--remaining this year. I'm not asking for anything, you guys are welcome to come
--
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--in, and just watch, okay, and if you think it's great, and you want to continue
--in 2018, you will be given an invitation to do so. If you don't be a welcome to
--
--118
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--talk all kinds of mess about me online. I don't care. I don't mind. Okay. It
--doesn't bother me. But you have, basically, what's that? October, November,
--
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--December, you got three months to spend with me. Okay, and I can't promise every
--single day Monday through Friday, but there'll be enough for you to see that
--
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--there is a way of looking at price action, and having an understanding where it
--should go, why it should go there. And using just the free tutorials alone, and
--
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--I'm going to really be focusing on giving you a better understanding of optimal
--trade entry. Because everything I've told you this week, there was just one
--
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--00:19:49,020 ~-~-> 00:19:58,950
--pattern, optimal trade entry. So that one particular pattern, the one I started
--with back on bt pis back in 2010. That's the one I started with. And that's the
--
--123
--00:19:58,950 ~-~-> 00:20:07,560
--one I'm sticking To for everyone to be able to find a little niche in the
--marketplace because that pattern is on every timeframe. It's in every style of
--
--124
--00:20:07,560 ~-~-> 00:20:16,800
--trading, long term position trading, or scalping on a one minute chart. So until
--I talk to you next time, which probably won't be until next week in terms of a
--
--125
--00:20:16,800 ~-~-> 00:20:21,570
--video, wish you good luck, good trading, have yourself a pleasant safe week, and
--I'll catch up with you next time.

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