Changes for page ICT YT - 2017-11-19 - ICT On Institutional Price Levels and New Science Of Fib Use.srt

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3		-ICT: Okay, folks, welcome, welcome, welcome. We're gonna be talking about a
4		-couple things that are probably going to challenge your preconceived notions
	1	+(% class="hover min" %)
	2	+|1 |00:00:16,949 ~-~-> 00:00:27,869 |ICT: Okay, folks, welcome, welcome, welcome. We're gonna be talking about a couple things that are probably going to challenge your preconceived notions
	3	+|2 |00:00:27,869 ~-~-> 00:00:44,819 |about some classical analysis concepts that's typically bandied about as the science of technical analysis. And it's my motivation to inspire you to go into
	4	+|3 |00:00:44,819 ~-~-> 00:00:57,209 |your charts and see if what I'm teaching you here today is what exactly happens just about every single trading day. Just as a reminder, my background is in
	5	+|4 |00:00:57,209 ~-~-> 00:01:10,409 |computer science and information systems. So I am a byproduct of the computer programming generation. And right now, at the time of this recording, I'm 45
	6	+|5 |00:01:10,439 ~-~-> 00:01:25,049 |years old. So I've been around a long time. And I've watched the transition from the open outcry, pit trading, to electronic trading. So while many have in the
	7	+|6 |00:01:25,049 ~-~-> 00:01:38,699 |past, struggled to move and transition from floor trading to all floor trading, I think I've had the advantage of thinking about things from a higher level,
	8	+|7 |00:01:39,179 ~-~-> 00:01:49,589 |analytical standpoint. And by that, I mean, I'm already accustomed to algorithmic thinking. So while it's not important to teach the concept of
	9	+|8 |00:01:49,589 ~-~-> 00:02:00,449 |computer programming, to understand what I'm going to show you here, just understand that those that have these experiences, if you've done any work in
	10	+|9 |00:02:00,449 ~-~-> 00:02:10,619 |computer programming, what I'm going to suggest to you is going to make perfect sense to you and everyone else, probably not so much. But you'll be able to see
	11	+|10 |00:02:10,619 ~-~-> 00:02:25,799 |it by experience and seeing and charts. Okay. First and foremost, price is not random. And price is not a byproduct of supply and demand either. Most folks
	12	+|11 |00:02:25,799 ~-~-> 00:02:37,559 |that come into this business will buy into all of the misinformation that comes by way of instruction, books, seminars, teaching this that nothing. And the
	13	+|12 |00:02:37,559 ~-~-> 00:02:49,199 |first and foremost thing that comes out of their mind is you never really know. And while I'm not preaching 100% accuracy, I am preaching a diametrically
	14	+|13 |00:02:49,199 ~-~-> 00:03:03,659 |opposed position to what is deemed as classical technical analysis. My belief is, it's not about trend lines. It's not about indicators. It's not about
	15	+|14 |00:03:04,019 ~-~-> 00:03:14,879 |support and resistance either. So before I go any further into it, just understand that everything I'm teaching you Here is my personal belief. I
	16	+|15 |00:03:14,879 ~-~-> 00:03:23,069 |started like everyone else. And I started with the ideas that are taught and promoted in books and educators. And I did the same things that anyone else
	17	+|16 |00:03:23,069 ~-~-> 00:03:36,029 |would do. The problem was, I wasn't profitable with any of it. And I tried very, very hard. And it wasn't until I looked at things with the perspective that if I
	18	+|17 |00:03:36,029 ~-~-> 00:03:46,169 |were trying to upset the individuals that are trying to do the things that the books say, how would I go about doing that? What I was creating was a
	19	+|18 |00:03:46,169 ~-~-> 00:03:56,969 |documentation stage of a computer program. Okay, from a systems analyst perspective, okay. I looked at the market as a whole. And if I were to be able
	20	+|19 |00:03:56,969 ~-~-> 00:04:09,659 |to wrangle, okay, everybody's collective thought process, or at least a majority, to think about a specific direction or a specific level of interest in
	21	+|20 |00:04:09,659 ~-~-> 00:04:19,589 |price. How would I go about doing that? And how can I do it on a repeating fashion? Because my belief is price is not random. And if you've watched
	22	+|21 |00:04:19,589 ~-~-> 00:04:33,659 |anything of my work, or examples in my trades, you'll see that that's pretty much a no brainer, it's very predictable. And if we understand that there are
	23	+|22 |00:04:34,229 ~-~-> 00:04:47,669 |individuals or entities or now an algorithm that controls the fluctuations in price, and how do we argue and wrestle with the idea that what was going on
	24	+|23 |00:04:47,669 ~-~-> 00:05:03,299 |before electronic trading? Well, it's the same theory that it's used. It's just been automated. The folks down on the floor When it was open outcry, only the
	25	+|24 |00:05:03,299 ~-~-> 00:05:10,139 |illusion was they were helping push price up or pushing price down. And the fact is, that's not true.
	26	+|25 |00:05:11,250 ~-~-> 00:05:21,900 |And the reason why I knew this was most likely accurate, is because I've learned my SNP trading from Georgia Joe, in Georgia. And Joe was a floor trader for the
	27	+|26 |00:05:21,900 ~-~-> 00:05:32,670 |s&p. And he said specifically, in many of his teachings, that he left demoralized certain days, he lost a lot of money on some particular days, where
	28	+|27 |00:05:33,570 ~-~-> 00:05:41,880 |if he had the insight that everyone would assume they have on the floor, he shouldn't have been having these big suffering losses. So what was going on
	29	+|28 |00:05:41,880 ~-~-> 00:05:54,300 |those days? In emulation. So my belief is there's always someone pulling the strings. Now, I can't introduce you to them. I can't say here's where they
	30	+|29 |00:05:54,330 ~-~-> 00:06:04,380 |reside, here's where they originate from. Okay. So there's going to be a certain measure of Tom Clancy in this, okay, by way of, I guess, you can put the quotes
	31	+|30 |00:06:04,380 ~-~-> 00:06:14,370 |in quotes, symbols around it in quotation marks, if you will, conspiracy. And if that upsets you and bothers, you've just turned the video off, I really don't
	32	+|31 |00:06:14,370 ~-~-> 00:06:26,790 |care to try to convince you of it, okay. But if morbid curiosity has kept you on this long, I promise you, you will be rewarded. So the mechanics of price
	33	+|32 |00:06:26,790 ~-~-> 00:06:37,950 |manipulation started in the beginning, okay, it's always been there. As long as there's been a market, there's always been someone in control, otherwise, it
	34	+|33 |00:06:37,950 ~-~-> 00:06:51,480 |could crash, any market could be completely decimated. If it was sheer, by way of the buying and selling that takes place on speculating, that's it. And they
	35	+|34 |00:06:51,480 ~-~-> 00:07:01,800 |build in these ideas, these supposedly circuit breakers, but we're going to stop the selling from causing the market go down too far. They're all illusions,
	36	+|35 |00:07:02,100 ~-~-> 00:07:12,720 |they're things that make you believe that the system is there for your benefit. And they're putting things in place to protect you as the investor. And that's
	37	+|36 |00:07:12,780 ~-~-> 00:07:26,460 |not what goes on. Okay. So, when we look at price action, we understand that if there is a absence of randomness, that means there must be a present and clear
	38	+|37 |00:07:26,820 ~-~-> 00:07:37,170 |order of things. So what is that order? Well, the books will teach you, as they taught me in my beginning, that it's all about support and resistance. The
	39	+|38 |00:07:37,170 ~-~-> 00:07:47,190 |problem is, is what support or which resistance should you use? And how do you know if a support resistance is going to hold? And I get that question a lot.
	40	+|39 |00:07:48,180 ~-~-> 00:08:00,720 |And before we can tackle that question, I'm going to ask you, what does the book teach you about placing support resistance levels on your chart, find an old
	41	+|40 |00:08:00,720 ~-~-> 00:08:08,700 |high find an old well, where it bounced where it repelled. There's where you put your orders that and therefore the setups are going to occur there? How many
	42	+|41 |00:08:08,700 ~-~-> 00:08:18,210 |times has that worked for you? I'm sure a few of you have many examples that you could say, well, it worked here. They worked here and work here. But if you're
	43	+|42 |00:08:18,210 ~-~-> 00:08:30,270 |honest, how many times is a failed you? A lot more? I'm sure. So the question is, if the market does, in fact, find support and resistance, and I don't
	44	+|43 |00:08:30,270 ~-~-> 00:08:39,450 |believe there is support and resistance in the marketplace, it's again, an illusion. Because what you're supposing is at that specific price level in the
	45	+|44 |00:08:39,450 ~-~-> 00:08:50,940 |past is going to have the exact same response going forward. And it never rarely ever shows that consistency, once in a while will happen enough to write books
	46	+|45 |00:08:50,940 ~-~-> 00:09:03,960 |and write chapters and enough to do seminars and webinars on. But when you start walking forward that idea, you have problems. It's like quicksand. It looks like
	47	+|46 |00:09:03,960 ~-~-> 00:09:13,260 |good footing. But when you step out there, you start sinking, and you start questioning what's really going on. So I had a lot of frustration in the
	48	+|47 |00:09:13,260 ~-~-> 00:09:24,000 |beginning, after encountering adversity in my trading, so I had to figure things out. I had to I had to think about things from an analytical standpoint. And I
	49	+|48 |00:09:24,000 ~-~-> 00:09:34,890 |will admit to you right now that I wasn't confident that I was going to figure it out. But I sure as hell tried. And I was trying every single day, more hours
	50	+|49 |00:09:34,890 ~-~-> 00:09:48,060 |than a full time job would have anyone work. Eight to 10 hours a day, sometimes 13 hours a day, and study. So I've been obsessive about this all my life. So I
	51	+|50 |00:09:48,060 ~-~-> 00:09:56,730 |want you to understand that I didn't just throw this presentation together because it just fits today. I want you to go through the same mechanics and
	52	+|51 |00:09:56,730 ~-~-> 00:10:05,940 |process that I'm doing here on any market. Any market whatsoever, because it's the same thing. There's always a puppeteer,
	53	+|52 |00:10:06,990 ~-~-> 00:10:18,990 |there's always someone pulling the strings, it's never being left to the randomness of buying and selling. Okay? So I don't believe there's support
	54	+|53 |00:10:18,990 ~-~-> 00:10:26,850 |resistance in the marketplace. And then that's probably unsettling for some of you. And I don't believe their supply and demand either. Because these are all
	55	+|54 |00:10:27,180 ~-~-> 00:10:40,620 |notions that promote the idea of free trade. And there's nothing further than that. And it comes to truth of the markets, its complete and utter control and
	56	+|55 |00:10:40,620 ~-~-> 00:10:53,940 |manipulation. We are given the ideas and perspectives by industry, talking heads, gurus, teachers, and such. And they could come across with the greatest
	57	+|56 |00:10:53,940 ~-~-> 00:11:06,900 |intentions and well meaning spirit. But it's flawed. Because it's promoting the idea that there's no one really in control of price when there absolutely is.
	58	+|57 |00:11:07,950 ~-~-> 00:11:22,860 |And I've shown many times where I can predict within one PIP or the very PIP have a particular high or low of a day, or week. And to me, no one can have that
	59	+|58 |00:11:22,860 ~-~-> 00:11:35,640 |level of skill, or prognostication. If there wasn't a method behind it, that was measurable, that there was a well, data behind it to support it. Because if we
	60	+|59 |00:11:35,640 ~-~-> 00:11:45,900 |understand that, indicators, and trend lines, you've seen all those things before, if it was beat by that, then we would all have the same settings, we
	61	+|60 |00:11:45,900 ~-~-> 00:11:58,410 |would all have the same trend line anchor points. And we don't. And yet, still, the majority of people lose money doing it. So I was forced at an early age in
	62	+|61 |00:11:58,410 ~-~-> 00:12:10,590 |my career, to abandon those things, because I want to only focus on the things that make sense. And I had to streamline my focus to things that made the
	63	+|62 |00:12:10,590 ~-~-> 00:12:26,130 |clearest depiction of what price should do, and finding generic characteristics and price behavior that will repeat not because it's a specific setting, or
	64	+|63 |00:12:26,130 ~-~-> 00:12:37,830 |indicator, but because it's what price will do, by its very nature. So what am I getting at, if it's not support resistance, what's moving price, order flow.
	65	+|64 |00:12:39,390 ~-~-> 00:12:48,090 |It's all about where the money is. Now, the books will never teach you this. Because the folks that write these books don't understand or even know about it,
	66	+|65 |00:12:48,810 ~-~-> 00:13:01,410 |because they're so indoctrinated. They believe wholeheartedly, that their system of indicators, or their methodology is resulting in that profitable trade, when
	67	+|66 |00:13:01,410 ~-~-> 00:13:11,700 |that in itself is the sheer randomness that they're talking about. It's the price action that's not random. But their reaction and result of their
	68	+|67 |00:13:11,940 ~-~-> 00:13:24,330 |interpretation of indicators and their methodology. And that's the randomness of the results of their system is what's random, not price action. If you look at
	69	+|68 |00:13:24,420 ~-~-> 00:13:38,760 |promoters of ideas that sell systems and EAS, and things of that nature, as soon as they say they have proprietary indicators. that's a that's a red flag right
	70	+|69 |00:13:38,760 ~-~-> 00:13:48,480 |there, they are not looking at what I'm going to show you today. And it's very generic. It's a very simple approach. It's about price. It's the open the high,
	71	+|70 |00:13:48,480 ~-~-> 00:14:01,140 |the low and the close. It's a secret for indicator collection. And it goes by everyone, it goes right over their head every single day. So when we understand,
	72	+|71 |00:14:01,440 ~-~-> 00:14:15,240 |or at least I'm asking you to suspend your belief in indicators and other methodologies just for the sake of this video. If we can simply say that the
	73	+|72 |00:14:15,240 ~-~-> 00:14:26,730 |market is and trust me on this, for the presentation, the market moves where the money is, okay, we know that they are sometimes referred to as a stop run. But
	74	+|73 |00:14:26,730 ~-~-> 00:14:35,280 |the books are not always as clear to determine a methodology on how to trade with that or to avoid it. It's just written up as well. You know, that's why you
	75	+|74 |00:14:35,280 ~-~-> 00:14:44,490 |have to have good risk management and money management because price is random. And again, that's always been a stick in my craw. I've had a problem accepting
	76	+|75 |00:14:44,490 ~-~-> 00:14:55,950 |that because people that get wealthy in the markets are not randomly getting there. They're doing things that are, again, measurable. Now when I'm saying
	77	+|76 |00:14:56,010 ~-~-> 00:15:03,210 |making a lot of money. I'm not talking about the guys who make $100,000 a year I'm talking about the first They make millions of dollars per month. And these
	78	+|77 |00:15:03,210 ~-~-> 00:15:05,190 |folks know exactly what's going on.
	79	+|78 |00:15:06,000 ~-~-> 00:15:14,700 |And they do the same things over and over and over again. And they expect the same things and price action because it is absolutely controlled. So what do I
	80	+|79 |00:15:14,700 ~-~-> 00:15:26,520 |mean? What do I mean by this? What do I mean by order flow? Well, when I look at price, as we looking at this chart right now, is many peaks and valleys in it.
	81	+|80 |00:15:27,060 ~-~-> 00:15:38,880 |Now, right away, depending upon where you've come from, in your discipline of technical analysis, your I may be going to harmonic patterns, or your I may be
	82	+|81 |00:15:38,880 ~-~-> 00:15:51,630 |drawn to a suppose a trendline, or some view, classic support resistance highs and lows, bottoms become tops and tops becomes bottoms cliche, whatever that is,
	83	+|82 |00:15:51,990 ~-~-> 00:16:02,610 |I'm asking you to to push it to side just for a couple more minutes. And I'm going to ask you to think about price. Okay, think about a price. And think
	84	+|83 |00:16:02,610 ~-~-> 00:16:17,250 |about it in its 00 level. In this example, here, we're looking at the euro dollar, and we have a price range of 121. Down to approximately 116 or so. in
	85	+|84 |00:16:17,250 ~-~-> 00:16:32,520 |that range. There are several 00 levels for what I refer to as a big figure. And there's several 50 levels, okay, like for instance, like 120 50, or 121 51 1950,
	86	+|85 |00:16:32,940 ~-~-> 00:16:49,320 |then you have the big figures, 119, even 120, even 121, even 117, even, and so on. And I want you to think about how price moves above and below these 50 00
	87	+|86 |00:16:49,320 ~-~-> 00:16:58,770 |levels. You probably never noticed it before. But this is the beginning mechanics of understanding how price moves algorithmically. Okay, I have the 00
	88	+|87 |00:16:58,770 ~-~-> 00:17:08,160 |level, the 50 levels on the chart in red. And I've also incorporated the 20 levels and 80 levels, okay, because we're gonna go over a few characteristics
	89	+|88 |00:17:08,160 ~-~-> 00:17:18,480 |that are generic and price. But right away, you should be able to see that there are significant turning points at these references, 20 8050 and zero levels.
	90	+|89 |00:17:19,260 ~-~-> 00:17:28,440 |Everyone out there struggles with what's the right support resistance level. And if you just simply do this to your chart, you'll have the key levels that are
	91	+|90 |00:17:28,440 ~-~-> 00:17:40,380 |going to be most likely or salient to current price action at the time. Now I'm going to take that information and promote an understanding that how we can use
	92	+|91 |00:17:40,380 ~-~-> 00:17:55,770 |institutional pricing like this 50 00 levels 20s and 80s. To find key turning points, okay, which will also lend well to finding setups. So right away, I want
	93	+|92 |00:17:55,770 ~-~-> 00:18:05,010 |you to take a look at the reactions that take place around the 50 levels and the 00 levels. For instance, if we look at the 117, big figure down here, price was
	94	+|93 |00:18:05,010 ~-~-> 00:18:11,370 |able to move down to it. But did it stop right at that level? Now it went through it despite a little bit. And then there was a reaction, price came back
	95	+|94 |00:18:11,370 ~-~-> 00:18:20,610 |down. Now support resistance idea theory would say okay, let's wait for it to get back down to that level. It didn't do it. It traded higher. And it cut
	96	+|95 |00:18:20,610 ~-~-> 00:18:35,400 |through a mid figure in at level, another big figure through a 20 level but then failed to get to a 50 level and then fell all the way down back down into this
	97	+|96 |00:18:35,400 ~-~-> 00:18:43,470 |level. Now right away folks is subscribed to support resistance, they would say okay, well, here we are, we traded back to that level. So I can be a buyer now.
	98	+|97 |00:18:43,710 ~-~-> 00:18:51,930 |And I'll put a stop loss rate below my low, and they get rewarded for a little while. And then price comes back down and drives through. Why is it doing that?
	99	+|98 |00:18:52,470 ~-~-> 00:19:03,900 |Why is it doing it again here, because these double bottoms are designed to lower your eye to it and feel that it's safe to put your stop loss below it for
	100	+|99 |00:19:03,900 ~-~-> 00:19:04,680 |a long position.
	101	+|100 |00:19:06,030 ~-~-> 00:19:18,660 |Whenever we see price points in charts that have equal levels, that's an opportunity for a raid. Price should go down there, probe that area, and then
	102	+|101 |00:19:18,720 ~-~-> 00:19:30,780 |anticipate a rejection and go the other way. And other examples here, double tops, price runs through it. Now this time it runs through it in doesn't reject.
	103	+|102 |00:19:31,380 ~-~-> 00:19:41,460 |The reason why is because we've had a market structure shift inside this area right here. After trying several times to get below 117 big figure. The
	104	+|103 |00:19:41,460 ~-~-> 00:19:51,510 |algorithm was not allowing price to go below. It wasn't the fact that there was no sellers. And it wasn't an imbalance of more buyers and sellers. The algo was
	105	+|104 |00:19:51,660 ~-~-> 00:20:02,310 |working this level 117 How do you know it's working it was that mean? It's going down to it a lot and sweeping through it. That means they're accumulating long
	106	+|105 |00:20:02,310 ~-~-> 00:20:16,230 |positions down here. Every time it makes a lower low. Everyone else's system will say that's weak. It's making lower lows. No, it's accumulating, buy, buy
	107	+|106 |00:20:16,230 ~-~-> 00:20:27,870 |orders, with the existing sellers that are in place below these lows. Now, I want you to think about how when price reaches up to a 00 level or a 50 level,
	108	+|107 |00:20:29,070 ~-~-> 00:20:39,360 |it's significant. Okay, it's kind of like mile markers. So if we can trade through a 50 level or full figure handle, Okay, so here's your level, or 50.
	109	+|108 |00:20:41,580 ~-~-> 00:20:53,940 |That to me, if we understand the daily bias as well, if you think about what I taught in the high probability scalping series of three videos, the concept of
	110	+|109 |00:20:53,970 ~-~-> 00:21:03,030 |determining what the daily bias is in that series is really simple. And you stick with that daily bias until we get to a potential turning point. And that's
	111	+|110 |00:21:03,030 ~-~-> 00:21:14,100 |going to be on the hourly chart, which is what I'm showing you here. Everything I'm showing you with a purpose in mind should help to remove the anxiety about
	112	+|111 |00:21:14,340 ~-~-> 00:21:21,870 |what support resistance levels you should be looking at. And by the time I conclude this video, where you can put your fibs, okay, and remove all that
	113	+|112 |00:21:21,870 ~-~-> 00:21:33,960 |ambiguity. So we're going to assume that we've arrived at a bullish idea that the euro dollar is going to go up from here, it doesn't matter that you missed
	114	+|113 |00:21:33,960 ~-~-> 00:21:42,900 |the buying low point down here, it's not important. Okay, that's not the important part at all. What I want to show you is, there are folks that will
	115	+|114 |00:21:42,900 ~-~-> 00:21:55,350 |argue, okay, and suggest that a lot of the things that I teach or show, it's been cherry picked for the purpose of looking good. And I'm gonna show you how
	116	+|115 |00:21:55,350 ~-~-> 00:22:04,290 |that's not true at all. Okay, and you can find this same types of setups. And you'll see that they are cookie cutter for the same type of thing all the time.
	117	+|116 |00:22:04,740 ~-~-> 00:22:16,230 |And it looks like to the uninitiated, like, perfect hindsight, cherry picking, but it's not. I'll give you an example. All right, so we had all the cell stops
	118	+|117 |00:22:16,230 ~-~-> 00:22:26,100 |ran out on this big figure at 117. Okay, and then price rallies, and it takes out a key swing high. Now, why is this a key swing high, because it's come all
	119	+|118 |00:22:26,100 ~-~-> 00:22:35,220 |the way back down, taking out lows. So if it breaks this high, that will be a significant event in price action, at least for the euro dollar on an hourly
	120	+|119 |00:22:35,220 ~-~-> 00:22:45,720 |chart is price, then, after making a higher high than this swing high here, it starts to retrace and comes back down. And it finds a reaction right here and
	121	+|120 |00:22:45,720 ~-~-> 00:22:57,000 |bounces up again, creates an equal high starts to come back down. folks in the retail world will see this as resistance. Not you. There has been a shift in the
	122	+|121 |00:22:57,000 ~-~-> 00:23:07,710 |market structure rallies. Now what I want you to do is I want you to think about and I'm gonna zoom in here, swing high that broke this swing high. Now we have a
	123	+|122 |00:23:07,710 ~-~-> 00:23:20,370 |bullish market structure. There will be folks out there that will say, Hey, you know, these educators, they put their fibs in after the fact. So that way, it
	124	+|123 |00:23:20,370 ~-~-> 00:23:28,080 |looks good. And they'll do something like this. And that's great. Okay, that would have worked because it stopped would have never been hit. Okay, but you're
	125	+|124 |00:23:28,080 ~-~-> 00:23:37,590 |looking at a swing low, you're looking at the actual price points, okay. And the reason why I teach folks to focus on the bodies of the candles because your
	126	+|125 |00:23:37,590 ~-~-> 00:23:49,920 |broker has the wonderful flexibility that you both agreed to then having about delivering the price to your platform, and it will always be slightly different
	127	+|126 |00:23:49,920 ~-~-> 00:23:57,630 |than what is actually on the interbank level. Now, I'll say that, again, in layman's terms, everyone's broker's price is going to be slightly different
	128	+|127 |00:23:57,630 ~-~-> 00:24:07,920 |because it benefits them in house on their own books, their their own customer base will be cannibalized when it's convenient for the broker.
	129	+|128 |00:24:09,960 ~-~-> 00:24:21,630 |Okay, so, I want you to remove the idea that you have to know what swing low and what swing high to put your foot one. Okay. Forget that. Because that's what the
	130	+|129 |00:24:21,630 ~-~-> 00:24:33,930 |books teach. In 1994. I was, was looking at the Japanese yen of all currencies. I know. The Japanese yen, I was trying to figure out what I wanted to do with
	131	+|130 |00:24:33,930 ~-~-> 00:24:47,370 |that currency. Now, it was before I was trading forex, because forex wasn't permitted to be traded prior to 1995 unless you were a bank, but in 94, I was
	132	+|131 |00:24:47,370 ~-~-> 00:25:02,250 |looking at the Japanese yen. And something struck me as a dissapoint of study I needed to get into the marketplace and find you know what What could be seen in
	133	+|132 |00:25:02,250 ~-~-> 00:25:11,700 |price that repeats itself or whatever I'm struggling to figure it out because I knew that I could come up with a way and at the time I was going to write a
	134	+|133 |00:25:11,700 ~-~-> 00:25:23,070 |computer program that would make my trading automated. That was my intent. But because I had to understand how it could reference certain price points to
	135	+|134 |00:25:24,420 ~-~-> 00:25:30,990 |basically build a condition for bullish or bearishness. I didn't want to use moving averages because I didn't believe in them because eventually the moving
	136	+|135 |00:25:30,990 ~-~-> 00:25:41,160 |average, you know, at the highs will have you buying. And it's over, it's done. So there had to be something for me to use as a criteria to determine where
	137	+|136 |00:25:41,160 ~-~-> 00:25:50,850 |value is where overbought is where it's cheap, now where it's oversold or overbought and where it's a good price to buy, or where it's a good price to
	138	+|137 |00:25:50,850 ~-~-> 00:26:03,780 |sell. And I wanted to make it as generic as possible. So that way, my program could reference these price points from a very generic standpoint, by that
	139	+|138 |00:26:05,700 ~-~-> 00:26:19,590 |choice or pursuit. That particular day, it was July 10 1994. I remember writing in my blog, in my journal, I said, I want to incorporate this specific thing in
	140	+|139 |00:26:19,590 ~-~-> 00:26:32,610 |price action. Now, I did not know the ramifications of this observation in price. And this is only by me studying price action alone and disregarding my
	141	+|140 |00:26:32,610 ~-~-> 00:26:41,730 |indicators, because I had a lot of indicators at the time on my charts. But I stripped it down and I said I need to know what price is going to do. That can
	142	+|141 |00:26:41,730 ~-~-> 00:26:50,700 |be seen and measured over long periods of time, not just perfect examples. And in hindsight, I need to be able to see this stuff going forward. So once I
	143	+|142 |00:26:50,700 ~-~-> 00:27:01,200 |adopted what I'm going to show you here, it made perfect sense. That's the reason why I could do and I actually contemplated doing this for about a week, I
	144	+|143 |00:27:01,200 ~-~-> 00:27:10,080 |was going to plot my fibs, as I'm going to teach you here. And it would have drove Twitter crazy. Oh, he's putting it where it makes sense for him. And you
	145	+|144 |00:27:10,080 ~-~-> 00:27:19,140 |will never you have never seen this. And I'm telling you this, and I'm challenging you, you find this in any book or educator, and it's got to be
	146	+|145 |00:27:19,140 ~-~-> 00:27:29,370 |printed, or in video where you can see it before the fact Okay, like I I know, it doesn't exist, because I buy everything. But this was never taught to me in
	147	+|146 |00:27:29,460 ~-~-> 00:27:39,600 |any of the things I've ever seen. No one else teaches it. And again, it's just one of those things that you get, or at least I received it by just being
	148	+|147 |00:27:39,630 ~-~-> 00:27:55,020 |insanely focused. And from a standpoint, as a computer programmer, I needed to be able to reference a specific price point. Now I'm gonna say this, and I want
	149	+|148 |00:27:55,020 ~-~-> 00:28:06,540 |you to really pay attention. Because if I lost you by now, okay, this is going to hopefully get you excited. Your broker is high, and my brokers high are not
	150	+|149 |00:28:06,540 ~-~-> 00:28:17,940 |going to agree. Our lows are not going to agree there, there's always gonna be some slight variance. Why is that? Because it's economical for them as the
	151	+|150 |00:28:17,940 ~-~-> 00:28:25,110 |broker to manipulate price to shorten the spread to widen the spread when it's convenient for them.
	152	+|151 |00:28:26,400 ~-~-> 00:28:34,320 |That's the reason why I teach the use the body that candle because that's the bulk of the volume. Now it still is not going to be lockstep for step, the same
	153	+|152 |00:28:34,320 ~-~-> 00:28:41,730 |thing you would see on the interbank level, that price is not going to be delivered to your demo account. It's not gonna be delivered to your Live
	154	+|153 |00:28:41,730 ~-~-> 00:28:48,630 |account. And I don't care what broker there is, this is the reason why I avoid the broker discussion, which is the good broker, it's up to you to decide that I
	155	+|154 |00:28:48,630 ~-~-> 00:28:57,840 |don't ever want to promote the idea of one broker being the safest one, or the best one, because there isn't anyone like that. They all have a vested interest
	156	+|155 |00:28:57,840 ~-~-> 00:29:06,540 |in making money off of you. So if you lose money, I don't want you saying that I cause you to lose money with that broker because you made a decision on your
	157	+|156 |00:29:06,540 ~-~-> 00:29:15,780 |own. Okay. I will say this if you go through and do a reasonable research on the internet and talk to people that are actually using them. That's the best
	158	+|157 |00:29:15,780 ~-~-> 00:29:24,450 |feedback and selection process there is okay because the ones that are big name and doing very well. They didn't get there you overnight, they've been able to
	159	+|158 |00:29:24,450 ~-~-> 00:29:33,150 |hold a good customer base and retention. And there's not been enough horror stories to put people on the on the sidelines about putting money with them.
	160	+|159 |00:29:33,570 ~-~-> 00:29:43,680 |Okay, so I'll just say that for completeness sake, but there are folks that will teach that the Fibonacci needs to be placed on the very, very low up to the
	161	+|160 |00:29:43,680 ~-~-> 00:29:55,860 |very, very high and sometimes that works. And sometimes it doesn't. And I teach that you should put a finger on the body's lowest open or close at a swing low
	162	+|161 |00:29:55,980 ~-~-> 00:30:13,170 |up to the highest open or close in a swing high and sometimes It doesn't work. what is really going on, is prices gravitating to these four levels. Now think I
	163	+|162 |00:30:13,170 ~-~-> 00:30:24,990 |gave you a science to finding support resistance just now you don't even realize it yet. I've also gave you the science behind why my fib works when it works.
	164	+|163 |00:30:25,980 ~-~-> 00:30:42,630 |And why I only look at specific swing highs and swing lows. Look closely. price breaks this swing high, comes back cycles back down into the mid figure. Okay? I
	165	+|164 |00:30:42,630 ~-~-> 00:30:59,310 |want you to think about where price originated from. It started sweeping the 17, big figure, right. And price traded all the way up and traded into the 1820
	166	+|165 |00:31:00,090 ~-~-> 00:31:14,880 |institutional price level. Now, it went a little bit above it. But I don't want you focusing there. It worked off a 17 big figure up to the 1820 level. That's
	167	+|166 |00:31:14,880 ~-~-> 00:31:27,720 |where you anchor your fib. If you put your Fibonacci on the 117, big figure, notice I'm doing it away from any swing lows, any highs and the lows, forget
	168	+|167 |00:31:27,720 ~-~-> 00:31:38,130 |that. That's retail thinking. You got to think with an institutional mindset because this is how the algorithm delivers price. It comes exactly down to the
	169	+|168 |00:31:38,130 ~-~-> 00:31:47,010 |62% retracement level, then we get a pop, comes right back to this same price level, see where it's stopping. It's not stopping at the high, it's stopping at
	170	+|169 |00:31:47,010 ~-~-> 00:31:53,370 |the 20 level. Okay, now the same premise in mind, okay, watch what happens, I'm going to take this fib
	171	+|170 |00:31:59,880 ~-~-> 00:32:12,240 |off. And I want you to think about this area right in here. Now, there will be folks that say you need to put your finger on this low, up to the highest high.
	172	+|171 |00:32:12,510 ~-~-> 00:32:25,770 |And let's do that. On the lowest low on the highest high. Yes, we get it hit and right here on 62%. tracing level, beautiful, nothing wrong with that. But I want
	173	+|172 |00:32:25,770 ~-~-> 00:32:39,780 |you to think a little bit differently. Watch what happens 20 level back on because it took it off. And I'll take this off again. And I'm going to calibrate
	174	+|173 |00:32:39,780 ~-~-> 00:32:52,080 |my fib to the actual 50 level, not looking at the actual swing highs and swing lows, I'm putting it right on the price level itself that prices working the 20
	175	+|174 |00:32:52,080 ~-~-> 00:33:02,730 |level off of the 1757 words, look at price hitting 1750 then reaction happens there. Who cares about the actual low because your low is not going to agree
	176	+|175 |00:33:02,730 ~-~-> 00:33:11,880 |with mine. And it's not gonna agree with 50 other people either only the same people in that same respective liquidity pool or broker is going to have the
	177	+|176 |00:33:11,910 ~-~-> 00:33:25,080 |same agreement. So and even if you do that, if you look at like FX cm, they had many ways of looking at price action. I had people that were trading live in FX
	178	+|177 |00:33:25,080 ~-~-> 00:33:36,210 |cm, and I had a Live account with FX cm at one time. And we still didn't even agree on our highs and lows. So this is the reason why I'm telling you forget
	179	+|178 |00:33:36,210 ~-~-> 00:33:44,310 |that. Forget the folks that tell you this is the proper way of putting your fib on the low and the high forget that because that's not what's going on. Okay,
	180	+|179 |00:33:44,970 ~-~-> 00:33:57,360 |price is moving to these four price levels. And they're reacting off of that. Now when we know this, we can see the anchor point is the price level, not the
	181	+|180 |00:33:57,360 ~-~-> 00:34:06,570 |very high or the low. Not the bodies of the candles either the buys or cancel get you the closest thing to it without me teaching you this. But I wanted to
	182	+|181 |00:34:06,570 ~-~-> 00:34:17,010 |answer this response because I got a couple emails from folks that really support Tom Dante and again, this is not like a pissing match. I'm not trying to
	183	+|182 |00:34:17,010 ~-~-> 00:34:29,130 |do that to be disrespectful or anything. But I got a call a correction when it's necessary. And this is what really should be done with a fib. Looking at the
	184	+|183 |00:34:29,130 ~-~-> 00:34:36,780 |reference points whenever you think you're gonna put your your Fibonacci on a swing low, find out what level it is, if it's a 50 level and at level, a double
	185	+|184 |00:34:36,780 ~-~-> 00:34:48,450 |zero level, then that's what you put it on. That's it. Forget all this other stuff, because that's always going to be erroneous price action. Not in the
	186	+|185 |00:34:48,450 ~-~-> 00:34:57,420 |sense that it wasn't necessary, or that they weren't doing something that reach for stops or something like that. We're defending a level not going down to it
	187	+|186 |00:34:57,750 ~-~-> 00:35:07,950 |as many times as they would be reasonably expected to see it It just means that you have to think about how if price was controlled by a computer program,
	188	+|187 |00:35:08,460 ~-~-> 00:35:19,680 |there's no way on earth that could it could ever see all of our orders. It can't. But when it goes to these levels, and sweeps through it a little bit,
	189	+|188 |00:35:19,680 ~-~-> 00:35:29,520 |that's all that's necessary because the common thesis is stop losses are just below old low, or at the old low. So they go to that specific price level, and
	190	+|189 |00:35:29,520 ~-~-> 00:35:39,540 |they whip through it just by a little bit. They don't know where your orders are specifically, they just know where they're likely to be at. Think about that.
	191	+|190 |00:35:40,500 ~-~-> 00:35:51,690 |Now, right away, if I had my anchor points on the price levels, as indicated here, I got a deeper retracement that goes just a little bit below 62. But
	192	+|191 |00:35:51,690 ~-~-> 00:36:06,360 |nonetheless, it's still there. Price rallies again, it takes off. Now watch. Watch what happens here. If we see this buy point right in here. Well, how is
	193	+|192 |00:36:06,360 ~-~-> 00:36:18,060 |that a buy point? Is it going to be a Fibonacci retracement? Well, let's take a look at that. We're going to use the standard technical analysis way of doing
	194	+|193 |00:36:18,060 ~-~-> 00:36:29,070 |it, we're going to put it on the low up to the high right there. Well, we didn't get down to 62. We didn't get to 70.5. And we sure didn't get down to 79%.
	195	+|194 |00:36:29,070 ~-~-> 00:36:37,890 |tradesmen didn't do it. So we can't, we can't look at this as an optimal trade entry because it didn't retrace deep enough. So therefore, Fibonacci traders,
	196	+|195 |00:36:37,890 ~-~-> 00:36:50,340 |and those that use the methodology as taught by the books, and everyone else uses online, they miss out on this by. But now do what I taught you. We're going
	197	+|196 |00:36:50,340 ~-~-> 00:36:51,480 |to calibrate it to
	198	+|197 |00:36:53,010 ~-~-> 00:37:05,670 |the level, we're going to start with the 80 level and drop it down into the 50 level. Okay. So right away, we have we have a shortened range in here. It was
	199	+|198 |00:37:05,670 ~-~-> 00:37:17,670 |shortened range. Price has blown through what key price level? What did it just shoot? What did this shoot through? Right here off of this run? It went through
	200	+|199 |00:37:17,790 ~-~-> 00:37:30,720 |the big figure 119. So if it's going through with energy to get through 119, shouldn't it be reasonably expected for it to maybe retest 119, or try to stay
	201	+|200 |00:37:30,720 ~-~-> 00:37:44,100 |above 119. That's what the algorithm does. It determines these mile markers in price. And once it overtakes a key big figure, or a mid figure, it will either
	202	+|201 |00:37:44,100 ~-~-> 00:37:52,710 |come back down to it, or it won't come back down to it or it'll come back down through it in reverse. There's three conditions you have to have now again, the
	203	+|202 |00:37:52,710 ~-~-> 00:38:03,390 |folks that understand computer programming, understand exactly what I'm referring to as if then syntax, it's logic behind the decision making that
	204	+|203 |00:38:03,420 ~-~-> 00:38:13,800 |controls what the outcome is going to be. Here, I want you to think about the the idea of how much energy it took to get away from 118 to get up to 118 80.
	205	+|204 |00:38:14,070 ~-~-> 00:38:25,080 |Then it paused. And it ran aggressively again through 119. Big figure up to 119 50 then it starts to retrace? Well, we've cleared a big figure my mind right
	206	+|205 |00:38:25,080 ~-~-> 00:38:41,280 |away thinks we probably will come back down to 119 to retest it. But in the event that it doesn't, what setups could be manifesting there. Watch for the fib
	207	+|206 |00:38:41,310 ~-~-> 00:38:48,990 |on the 119. Big figure. And on 119 50. I'm going to zoom in so you can see it
	208	+|207 |00:38:56,970 ~-~-> 00:39:08,550 |boom 62% retracement level, there's your optimal trade entry. Now, I'm gonna be honest with you. If I would have put this on a chart, okay, and anchored to fib
	209	+|208 |00:39:08,760 ~-~-> 00:39:21,000 |Ray here and up to here. Everybody would have been screaming, what in the world this is cherry picking. He doesn't know how to use a Fibonacci really. Because
	210	+|209 |00:39:21,000 ~-~-> 00:39:27,900 |I've been doing this for a long, long time. And it's not just these examples that it works on. I'm telling you to go through your charts, and you'll see it
	211	+|210 |00:39:28,980 ~-~-> 00:39:42,030 |when prices bullish as eurodollar was. It's going to be reaching for levels. Okay. Why do I want to exit early? Like, I think that price may go up to a
	212	+|211 |00:39:42,030 ~-~-> 00:39:51,060 |specific price level. Maybe ADR suggesting things maybe I've done some Fibonacci extensions or whatever. But I want to get out at the most logical price points.
	213	+|212 |00:39:52,380 ~-~-> 00:40:02,730 |And they're going to be as close as I can to these four price levels. Look at the delivery price here. It went right to one, two 50 Yes, it went through it a
	214	+|213 |00:40:02,730 ~-~-> 00:40:12,390 |little bit. I am never concerned about that. I don't care about that. Okay, what structures my trade is? Do I have the ability to get to these levels? Look how
	215	+|214 |00:40:12,390 ~-~-> 00:40:23,640 |nice it and easily got to this 120 big finger. It's easy to understand the mechanics, when you think about price like this, remove the notion of you have
	216	+|215 |00:40:23,640 ~-~-> 00:40:31,440 |to have the right swing high and the right swing low. No, you don't. You don't need that. You need to know where you are in terms of valuation. What's the
	217	+|216 |00:40:31,440 ~-~-> 00:40:46,320 |price at? Think about this over here, this axis on your chart is the most important thing. Then this one down here, it's time when those two agree. And a
	218	+|217 |00:40:46,320 ~-~-> 00:40:56,550 |bias is in play. In other words, are you bullish or bearish? There has to be a stage. Okay, what makes the setup or condition bullish or bearish? That's where
	219	+|218 |00:40:56,550 ~-~-> 00:41:05,880 |the hardest work for you is? Because the entry patterns are the easiest, the easiest, the hardest thing is for you to determine should you be buy or should
	220	+|219 |00:41:05,880 ~-~-> 00:41:17,850 |you be a seller and stay in that camp until your setup comes? period. Simple as that. Now we're going to take this idea. And we're going to switch it to when
	221	+|220 |00:41:17,850 ~-~-> 00:41:30,990 |things are bearish. And I'm gonna look at this little point right here. Now if we were looking at classic Fibonacci application, here's a swing high. And we'll
	222	+|221 |00:41:30,990 ~-~-> 00:41:40,770 |put it on the high here, down to the low, didn't even get back to the 50 level, or equilibrium would be 62 is up here. So how can you get a sell signal here?
	223	+|222 |00:41:41,850 ~-~-> 00:41:53,430 |Think about price from an algorithmic standpoint. What price did it just leave? with energy? It left the 120 big figure. So it left the 120 big figure traded
	224	+|223 |00:41:53,430 ~-~-> 00:42:13,710 |down to 119 50. Where should your fit be placed? on 120. So you have 1951 20, boom 70.5 level, there's your optimal trade entry. I know right? Folks, it's not
	225	+|224 |00:42:13,710 ~-~-> 00:42:23,790 |about picking the right swing high. Right, swing low. It's about understanding what price is doing. It's all in open high, low and close. What is the price
	226	+|225 |00:42:24,540 ~-~-> 00:42:36,570 |it's working off of right now? I gave you four price points, 00 levels, 50 levels, 20s and 80s. It's as simple as that there's your support resistance. The
	227	+|226 |00:42:36,570 ~-~-> 00:42:47,610 |thing you have to know is where is the bias? Is it bullish or bearish? When you know these things, and you apply it, you will see things that no one else sees.
	228	+|227 |00:42:48,150 ~-~-> 00:42:59,940 |And no one in the teaching circuits teaches this. It's mine. This is the byproduct of having an insane interest in knowing what price is going to do. And
	229	+|228 |00:43:00,600 ~-~-> 00:43:08,040 |having a degree in something that couldn't make money with I went to school to learn to be a computer programmer. I've never received a paycheck one time doing
	230	+|229 |00:43:08,040 ~-~-> 00:43:19,320 |that. But I've received huge paychecks by way of using this information and thinking about things from an analytical standpoint and trying to formulate
	231	+|230 |00:43:19,380 ~-~-> 00:43:35,730 |analytical and algorithmic approaches to deciphering price action. So some more examples here. If you look at how price is moving, okay, we left the 120 went
	232	+|231 |00:43:35,730 ~-~-> 00:43:50,130 |down to 1950, down to 19. Big figure swept through 1850 fell short of 1820. Okay, so we fell short of 1820. So are they supporting that price level?
	233	+|232 |00:43:51,510 ~-~-> 00:44:02,430 |Well, they showed a willingness to go through a short term high here. So even though it never touched that level, and showed a strong reaction, your broker
	234	+|233 |00:44:02,460 ~-~-> 00:44:14,580 |may not have that low touching this institutional level at 20. I still would use that I would use that reference point. So let's take a look at applying the fib
	235	+|234 |00:44:16,740 ~-~-> 00:44:29,490 |on here 1820 and this is the part that's going to seem like form fitting, okay. But the question is going to be this when you're looking at these levels, the
	236	+|235 |00:44:29,490 ~-~-> 00:44:40,560 |questions I asked myself is, is the level being worked up and down around it and then did it leave it the price get away from it energetically above it, you
	237	+|236 |00:44:40,590 ~-~-> 00:44:48,990 |know, moving bullishly away from it or barely moving away from it because it's going to give you a tip as to what the algorithm is trying to do reprice higher
	238	+|237 |00:44:48,990 ~-~-> 00:44:58,080 |or reprice lower. Now also, I'm also determining whether there's a willingness to get down to that level and if it fails to get to a level going up to it or
	239	+|238 |00:44:58,080 ~-~-> 00:45:09,540 |going down to it. I will still Use that level because it's being defended. The algorithm is trying not to go beyond that price point. The reason why you're
	240	+|239 |00:45:09,540 ~-~-> 00:45:19,320 |going to struggle with this is because you have to submit the idea that your retail account may not show the price level itself. But when you put these
	241	+|240 |00:45:19,320 ~-~-> 00:45:30,390 |levels on your chart, it will help you decipher what price is, in fact, probably doing. Now, you may have expected price to hit that level. Okay. And it made it
	242	+|241 |00:45:30,390 ~-~-> 00:45:38,310 |ugly, I probably would have been expecting that same thing that occur here. But when price reverses, and trades through the short term swing high here, when I
	243	+|242 |00:45:38,310 ~-~-> 00:45:47,340 |see that I know that they defended at 20 level, and nothing's changed. It's the same thing as if you were looking for the setup to occur. Like after the fact
	244	+|243 |00:45:47,340 ~-~-> 00:45:54,930 |here, it went above it. Okay, great, I'm going to look for a buy signal on the same context that I just framed, the earlier buy for this. So we're going to
	245	+|244 |00:45:54,930 ~-~-> 00:46:11,190 |anchor our fed right on the 20 level, draw it up to this 1980 level because price did hit it and had a reaction off of it. Now watch closely. I'm looking at
	246	+|245 |00:46:11,220 ~-~-> 00:46:12,450 |the price level.
	247	+|246 |00:46:18,300 ~-~-> 00:46:29,160 |jumped on my platform to that low I gotta make sure it doesn't touch that. Okay, so we're on the 1820 level, up to the 88 level cuz it traded traded to it and
	248	+|247 |00:46:29,160 ~-~-> 00:46:39,210 |reacted. So in price comes back down here, this is a buying opportunity right there. And we can start looking for these targets here. Okay, Brian, for this
	249	+|248 |00:46:39,330 ~-~-> 00:46:49,560 |old high. Let's just watch and see what happens in price, using institutional price levels, not swing highs and swing lows on price, not stressing about,
	250	+|249 |00:46:49,710 ~-~-> 00:46:56,370 |well, you know, there's certain educators out there that cherry pick and they put this stuffing Tom, I'm gonna put that at rest with me, because it doesn't
	251	+|250 |00:46:56,370 ~-~-> 00:47:04,410 |work with me. That does not apply to me. I'm not saying he did associate that with me. I'm saying just in case you did. Okay, I want you to know that there's
	252	+|251 |00:47:04,410 ~-~-> 00:47:14,790 |absolute science behind where I put a fit bat. Price meanders goes forward and look at the reaction right there. Beautiful. That's a buying opportunity as
	253	+|252 |00:47:14,790 ~-~-> 00:47:25,620 |well. And what's resting right here. Equal highs, price should react to go where boom, clear that out. Under underlying premise behind the hump market price is
	254	+|253 |00:47:25,620 ~-~-> 00:47:40,950 |it's bullish still. Boom, boom, hits it, it's over. This is what I'm talking about. When you have to look at order flow, I'm not using these gimmicky things
	255	+|254 |00:47:40,950 ~-~-> 00:47:49,380 |that is there in fashion right now. You know, just like supply and demand was in fashion about five, six years ago. And you know, people still have faith in
	256	+|255 |00:47:49,380 ~-~-> 00:47:57,330 |that. But I slice and dice that theory too, because they have limitations on it that don't make sense. Don't cut through candles, you have to cut through
	257	+|256 |00:47:57,330 ~-~-> 00:48:06,390 |candles to get context in the market, you have to know certain things. And if you start putting parameters on that says you can only look back to this price
	258	+|257 |00:48:06,390 ~-~-> 00:48:16,830 |point here and never cut through a candle at this, that doesn't make any sense. Because you'll never understand a real stop rate. Okay, or a run on a key level.
	259	+|258 |00:48:16,920 ~-~-> 00:48:28,680 |If you don't cut through candles, and supply demand teaches that you can't do that. So let me take that off. We're going to take another couple more examples
	260	+|259 |00:48:28,680 ~-~-> 00:48:36,540 |here. And I'll end this video because it's getting really long winded. But the idea is just to stimulate your thought processes behind it. It's not an absolute
	261	+|260 |00:48:36,540 ~-~-> 00:48:48,300 |science for you, as it is for my mentorship. Okay, I'm just giving you examples of how it is I'm challenged, it cannot be rivaled by any other retail approach.
	262	+|261 |00:48:48,510 ~-~-> 00:48:58,080 |If you want to put a Fibonacci on your chart, do it with this mind. And I'm telling you, you will start looking like a wizard, you'll see things that no one
	263	+|262 |00:48:58,080 ~-~-> 00:49:08,130 |else is talking about. And you'll be pulling trades out of the marketplace that no one else would be doing either price keys off of the 1850 level again, I'm
	264	+|263 |00:49:08,130 ~-~-> 00:49:18,420 |not going to the swing low. I'm going right off to the level itself. Okay. And we're going to go right up to the 1920 level. Boom optimal trade entry. So
	265	+|264 |00:49:18,420 ~-~-> 00:49:29,790 |forget all this safe didn't even see this. They didn't worry with it. You want to be a buyer. No problem. We can capture the buy here. Okay. Same thing we want
	266	+|265 |00:49:29,790 ~-~-> 00:49:37,980 |to look for projections on price once starts to move out if we take out this swing high, which is the old one. How far can it go up to? Here's a 200
	267	+|266 |00:49:37,980 ~-~-> 00:49:49,440 |extension. Boom, beautiful. On done completely decimated the euro dollar with that. Now, did I give you something retail here? Is there any trend lines on it
	268	+|267 |00:49:49,440 ~-~-> 00:50:01,050 |any moving averages any stochastics? No, I use the Fibonacci but I used it in a way that we can grade institutional price swings the markets Move from an
	269	+|268 |00:50:01,080 ~-~-> 00:50:11,550 |algorithmic standpoint, they're predictable, you can make a science out of why it should go where it should go. And where you should get in at getting in is
	270	+|269 |00:50:11,550 ~-~-> 00:50:20,340 |the least important, you have to understand what side of the marketplace it's going to go for the up or the down the bullish or bearish. Okay. So that means
	271	+|270 |00:50:20,340 ~-~-> 00:50:28,140 |you need to know what the draw is on price. Well, at this point here buying here, the draw is above this old high, that's where their buy stops are going to
	272	+|271 |00:50:28,140 ~-~-> 00:50:38,580 |be. So even though this is suggesting this is a good level to take profit at, and it's a real nice reaction there and trades back down. Watch what happens
	273	+|272 |00:50:38,580 ~-~-> 00:50:47,520 |again, in this little money price action in here. You probably don't know where I'm going with it. It'll be the last example for this presentation. We have
	274	+|273 |00:50:50,970 ~-~-> 00:51:01,290 |price reacting in sweeping through the 1950 level, and then rallying up then coming back to a shallow retracement and falling short of getting to the 1980
	275	+|274 |00:51:01,290 ~-~-> 00:51:10,500 |level. Forget all that. Where's the price points? 19 5020 5200 PIP range.
	276	+|275 |00:51:11,970 ~-~-> 00:51:22,920 |But right on the price levels themselves. Right there. Okay. So we're anchoring off this level, not the swing low, not the wick. If I were to put this on here,
	277	+|276 |00:51:23,040 ~-~-> 00:51:28,620 |why the hell did you do that ICT? You would have been thinking Oh, he put it back here because this this is that level here night you would have never
	278	+|277 |00:51:28,620 ~-~-> 00:51:40,290 |figured this out. You never would have figured this out. Okay. Looking at price, reacting at 1950. That's the level it was working the algorithm went to that
	279	+|278 |00:51:40,290 ~-~-> 00:51:53,250 |level but swept it. So the real key work is 19 mid figure. Okay, so 1950 it rallies goes up to 2050 or 20 min. Figure then retraces back down. What's the
	280	+|279 |00:51:53,250 ~-~-> 00:52:05,550 |hitting right here? 62% retracement level, boom. Well, also, is it happening? Order block. Today got two things going for you. institution order flow, bullish
	281	+|280 |00:52:05,550 ~-~-> 00:52:15,000 |order block, optimal trade entry, buy it, it's going to go above this high for the stops is your fib target and look at the bodies of the candles very close to
	282	+|281 |00:52:15,000 ~-~-> 00:52:23,580 |what would be acceptable as a target. And yes, it wicks through it a couple times. But that does not concern me. Okay, I want to know these levels here.
	283	+|282 |00:52:24,120 ~-~-> 00:52:31,080 |Okay. And this is a buying opportunity that no one would look at this and say that's an optimal trade entry because they look at just my tutorials. They don't
	284	+|283 |00:52:31,080 ~-~-> 00:52:40,260 |have this insight. But now you have it. Okay? If you want to learn things like this, and you want to apply certain higher level theories that I don't make a
	285	+|284 |00:52:40,260 ~-~-> 00:52:49,860 |will ever make them public beyond what I've done here. The mentorship is for you. If you're not wanting to get to this level of insanity in terms of
	286	+|285 |00:52:49,860 ~-~-> 00:53:01,350 |understand what price is going to do, then you just stick to the free tutorials and that'll be fine. But I just wanted to kind of like answer a response I got.
	287	+|286 |00:53:03,870 ~-~-> 00:53:13,290 |Well, I didn't really get it. But I heard it in a video by another educator. And I just wanted to put my two cents in because I get a lot of opinions expressed
	288	+|287 |00:53:13,350 ~-~-> 00:53:22,500 |about me and about my methodology. And many times it's done by way of ignorance, they don't really know what they're talking about. And they're grading me or
	289	+|288 |00:53:22,500 ~-~-> 00:53:32,610 |suggesting that I'm doing certain things when they have clearly no idea what I'm doing. And I'm going to leave it at that. Okay, but there's so many examples in
	290	+|289 |00:53:32,610 ~-~-> 00:53:41,700 |here. Okay, that it's crazy. Like I'll give you one more because I just want to do it. We have a swing high here. Okay, and we have a swing low here. Really
	291	+|290 |00:53:41,700 ~-~-> 00:53:50,580 |nice sell off here. So what was the catalyst behind it? Well, if we put our fib obviously the market has shown a willingness to break down up here and I go
	292	+|291 |00:53:50,580 ~-~-> 00:53:59,850 |through tutorials showing you that now the swing high swing low camp will do this. Okay, great. It gives you 60% Jason Oh, great. Nothing wrong with that.
	293	+|292 |00:54:00,030 ~-~-> 00:54:10,260 |Okay, but in my mind what I'm doing is I'm doing my fib at the level itself at 20 1920 I'm dragging it down
	294	+|293 |00:54:15,270 ~-~-> 00:54:25,830 |to 1920 so 2020 to 1920 Why am I putting it down here there's no there's no reference to this swing boy Michael it doesn't make any sense. This is stupid.
	295	+|294 |00:54:26,340 ~-~-> 00:54:35,880 |You don't know what you're doing? Sure I do. Price done what it reacted by going higher and failing to get to 1920 so what's the algorithm doing is defending
	296	+|295 |00:54:35,880 ~-~-> 00:54:45,390 |1920 Well, how do I know that because it took a swing high. Oh well wait a minute Michael isn't this one of those breaks the swing high comes back down
	297	+|296 |00:54:45,420 ~-~-> 00:54:53,310 |optimal trading shrink by No. Because the context is the markets broken down back here. That's why some of you look for optimal trade entry Long's and you
	298	+|297 |00:54:53,310 ~-~-> 00:55:03,510 |don't get them. You get these smashed through and Oh no. How do I know? You have to know what the market is showing you By context, context is, what's the
	299	+|298 |00:55:03,510 ~-~-> 00:55:12,990 |storyline behind price? Is it bullish or bearish? And has it reversed? Because if it has reversed, well, what's the reversal here, price went above an old
	300	+|299 |00:55:12,990 ~-~-> 00:55:23,610 |high, fail to go higher, and came back down, find the reaction low and between the breaks that it's bearish until it resumes going higher again. So this whole
	301	+|300 |00:55:23,610 ~-~-> 00:55:32,190 |model here is bearish. So my optimal trade entry would be framed on something like this, and it takes me deeper. So I'll get a slightly higher entry price,
	302	+|301 |00:55:32,550 ~-~-> 00:55:42,810 |then if we were to use this high to this low, and look at the consolidation of price action, see the bulk of the volume in there, you're not seeing that, okay,
	303	+|302 |00:55:42,810 ~-~-> 00:55:53,490 |now, look how much time the the institutions were given the opportunity to get short in here, before the big move drop, versus something like this. If you just
	304	+|303 |00:55:53,490 ~-~-> 00:56:05,040 |do this, retail, okay, gets one to three chances. Maybe if you want to count this here, how many times you really want to hit that it's 62. And you know,
	305	+|304 |00:56:05,040 ~-~-> 00:56:13,200 |you're probably not going to do it, you're going to want to get up here and deeper, and get some kind of a better fill. That's not what I'm doing. I'm
	306	+|305 |00:56:13,230 ~-~-> 00:56:30,960 |looking for reasons to justify this openly and outwardly to the public. But many times my personal trades are framed with what would otherwise be seen as no
	307	+|306 |00:56:30,960 ~-~-> 00:56:43,140 |basis whatsoever, but there is a rhyme and reason behind it all. Look how much time price spends in that 62 to 70.5 level, right in here. Lots of opportunity
	308	+|307 |00:56:43,140 ~-~-> 00:56:52,350 |to get short there. And then finally, boom, to be Cavan. And you have your targets, boom, 60, I'm sorry that target two hits it, but also reaches more
	309	+|308 |00:56:52,350 ~-~-> 00:57:03,270 |specifically for the 1850. Price wants to go to these levels, folks, it's not random. Now, obviously, I did not give you do this every single time I've given
	310	+|309 |00:57:03,270 ~-~-> 00:57:15,150 |you an idea, because that's what started back in July 10. of 1994. This is what I wanted to start looking for evidences of. And it just so happened that it
	311	+|310 |00:57:15,600 ~-~-> 00:57:25,380 |provides a wonderful opportunity to also segue into answering in addition with greater detail why Fibonacci is shouldn't be so forced on swing highs and swing
	312	+|311 |00:57:25,380 ~-~-> 00:57:33,510 |lows, because that's not the that's not the magic behind it. Okay. And the reason why the Fibonacci is even showing a willingness to have a profitable
	313	+|312 |00:57:33,780 ~-~-> 00:57:42,480 |signal, if you want to call it that. It's just using a reference point of overbought and oversold. That's all I use the Fibonacci for. I don't need it for
	314	+|313 |00:57:42,480 ~-~-> 00:57:51,300 |anything other than that. So I go into great detail about that in the mentorship. But if you want to trust the fact that the Fibonacci does all the
	315	+|314 |00:57:51,300 ~-~-> 00:57:57,540 |work, but you want to use it like this, and have the daily buys understood, then that's fine. You can be a subscriber in that view and it won't hurt anything,
	316	+|315 |00:57:57,570 ~-~-> 00:58:06,720 |it'll still give you the same result. But I know some of you are just really really keyed up about wanting to know everything there is that I know and these
	317	+|316 |00:58:06,720 ~-~-> 00:58:17,820 |types of concepts and things they get taught only in the mentorship so and you will be able to see a lot of opportunities that would otherwise evade you. And
	318	+|317 |00:58:17,820 ~-~-> 00:58:20,040 |until next time, I wish you good luck and good trading
5	5
6		-2
7		-00:00:27,869 ~-~-> 00:00:44,819
8		-about some classical analysis concepts that's typically bandied about as the
9		-science of technical analysis. And it's my motivation to inspire you to go into
10		-
11		-3
12		-00:00:44,819 ~-~-> 00:00:57,209
13		-your charts and see if what I'm teaching you here today is what exactly happens
14		-just about every single trading day. Just as a reminder, my background is in
15		-
16		-4
17		-00:00:57,209 ~-~-> 00:01:10,409
18		-computer science and information systems. So I am a byproduct of the computer
19		-programming generation. And right now, at the time of this recording, I'm 45
20		-
21		-5
22		-00:01:10,439 ~-~-> 00:01:25,049
23		-years old. So I've been around a long time. And I've watched the transition from
24		-the open outcry, pit trading, to electronic trading. So while many have in the
25		-
26		-6
27		-00:01:25,049 ~-~-> 00:01:38,699
28		-past, struggled to move and transition from floor trading to all floor trading,
29		-I think I've had the advantage of thinking about things from a higher level,
30		-
31		-7
32		-00:01:39,179 ~-~-> 00:01:49,589
33		-analytical standpoint. And by that, I mean, I'm already accustomed to
34		-algorithmic thinking. So while it's not important to teach the concept of
35		-
36		-8
37		-00:01:49,589 ~-~-> 00:02:00,449
38		-computer programming, to understand what I'm going to show you here, just
39		-understand that those that have these experiences, if you've done any work in
40		-
41		-9
42		-00:02:00,449 ~-~-> 00:02:10,619
43		-computer programming, what I'm going to suggest to you is going to make perfect
44		-sense to you and everyone else, probably not so much. But you'll be able to see
45		-
46		-10
47		-00:02:10,619 ~-~-> 00:02:25,799
48		-it by experience and seeing and charts. Okay. First and foremost, price is not
49		-random. And price is not a byproduct of supply and demand either. Most folks
50		-
51		-11
52		-00:02:25,799 ~-~-> 00:02:37,559
53		-that come into this business will buy into all of the misinformation that comes
54		-by way of instruction, books, seminars, teaching this that nothing. And the
55		-
56		-12
57		-00:02:37,559 ~-~-> 00:02:49,199
58		-first and foremost thing that comes out of their mind is you never really know.
59		-And while I'm not preaching 100% accuracy, I am preaching a diametrically
60		-
61		-13
62		-00:02:49,199 ~-~-> 00:03:03,659
63		-opposed position to what is deemed as classical technical analysis. My belief
64		-is, it's not about trend lines. It's not about indicators. It's not about
65		-
66		-14
67		-00:03:04,019 ~-~-> 00:03:14,879
68		-support and resistance either. So before I go any further into it, just
69		-understand that everything I'm teaching you Here is my personal belief. I
70		-
71		-15
72		-00:03:14,879 ~-~-> 00:03:23,069
73		-started like everyone else. And I started with the ideas that are taught and
74		-promoted in books and educators. And I did the same things that anyone else
75		-
76		-16
77		-00:03:23,069 ~-~-> 00:03:36,029
78		-would do. The problem was, I wasn't profitable with any of it. And I tried very,
79		-very hard. And it wasn't until I looked at things with the perspective that if I
80		-
81		-17
82		-00:03:36,029 ~-~-> 00:03:46,169
83		-were trying to upset the individuals that are trying to do the things that the
84		-books say, how would I go about doing that? What I was creating was a
85		-
86		-18
87		-00:03:46,169 ~-~-> 00:03:56,969
88		-documentation stage of a computer program. Okay, from a systems analyst
89		-perspective, okay. I looked at the market as a whole. And if I were to be able
90		-
91		-19
92		-00:03:56,969 ~-~-> 00:04:09,659
93		-to wrangle, okay, everybody's collective thought process, or at least a
94		-majority, to think about a specific direction or a specific level of interest in
95		-
96		-20
97		-00:04:09,659 ~-~-> 00:04:19,589
98		-price. How would I go about doing that? And how can I do it on a repeating
99		-fashion? Because my belief is price is not random. And if you've watched
100		-
101		-21
102		-00:04:19,589 ~-~-> 00:04:33,659
103		-anything of my work, or examples in my trades, you'll see that that's pretty
104		-much a no brainer, it's very predictable. And if we understand that there are
105		-
106		-22
107		-00:04:34,229 ~-~-> 00:04:47,669
108		-individuals or entities or now an algorithm that controls the fluctuations in
109		-price, and how do we argue and wrestle with the idea that what was going on
110		-
111		-23
112		-00:04:47,669 ~-~-> 00:05:03,299
113		-before electronic trading? Well, it's the same theory that it's used. It's just
114		-been automated. The folks down on the floor When it was open outcry, only the
115		-
116		-24
117		-00:05:03,299 ~-~-> 00:05:10,139
118		-illusion was they were helping push price up or pushing price down. And the fact
119		-is, that's not true.
120		-
121		-25
122		-00:05:11,250 ~-~-> 00:05:21,900
123		-And the reason why I knew this was most likely accurate, is because I've learned
124		-my SNP trading from Georgia Joe, in Georgia. And Joe was a floor trader for the
125		-
126		-26
127		-00:05:21,900 ~-~-> 00:05:32,670
128		-s&p. And he said specifically, in many of his teachings, that he left
129		-demoralized certain days, he lost a lot of money on some particular days, where
130		-
131		-27
132		-00:05:33,570 ~-~-> 00:05:41,880
133		-if he had the insight that everyone would assume they have on the floor, he
134		-shouldn't have been having these big suffering losses. So what was going on
135		-
136		-28
137		-00:05:41,880 ~-~-> 00:05:54,300
138		-those days? In emulation. So my belief is there's always someone pulling the
139		-strings. Now, I can't introduce you to them. I can't say here's where they
140		-
141		-29
142		-00:05:54,330 ~-~-> 00:06:04,380
143		-reside, here's where they originate from. Okay. So there's going to be a certain
144		-measure of Tom Clancy in this, okay, by way of, I guess, you can put the quotes
145		-
146		-30
147		-00:06:04,380 ~-~-> 00:06:14,370
148		-in quotes, symbols around it in quotation marks, if you will, conspiracy. And if
149		-that upsets you and bothers, you've just turned the video off, I really don't
150		-
151		-31
152		-00:06:14,370 ~-~-> 00:06:26,790
153		-care to try to convince you of it, okay. But if morbid curiosity has kept you on
154		-this long, I promise you, you will be rewarded. So the mechanics of price
155		-
156		-32
157		-00:06:26,790 ~-~-> 00:06:37,950
158		-manipulation started in the beginning, okay, it's always been there. As long as
159		-there's been a market, there's always been someone in control, otherwise, it
160		-
161		-33
162		-00:06:37,950 ~-~-> 00:06:51,480
163		-could crash, any market could be completely decimated. If it was sheer, by way
164		-of the buying and selling that takes place on speculating, that's it. And they
165		-
166		-34
167		-00:06:51,480 ~-~-> 00:07:01,800
168		-build in these ideas, these supposedly circuit breakers, but we're going to stop
169		-the selling from causing the market go down too far. They're all illusions,
170		-
171		-35
172		-00:07:02,100 ~-~-> 00:07:12,720
173		-they're things that make you believe that the system is there for your benefit.
174		-And they're putting things in place to protect you as the investor. And that's
175		-
176		-36
177		-00:07:12,780 ~-~-> 00:07:26,460
178		-not what goes on. Okay. So, when we look at price action, we understand that if
179		-there is a absence of randomness, that means there must be a present and clear
180		-
181		-37
182		-00:07:26,820 ~-~-> 00:07:37,170
183		-order of things. So what is that order? Well, the books will teach you, as they
184		-taught me in my beginning, that it's all about support and resistance. The
185		-
186		-38
187		-00:07:37,170 ~-~-> 00:07:47,190
188		-problem is, is what support or which resistance should you use? And how do you
189		-know if a support resistance is going to hold? And I get that question a lot.
190		-
191		-39
192		-00:07:48,180 ~-~-> 00:08:00,720
193		-And before we can tackle that question, I'm going to ask you, what does the book
194		-teach you about placing support resistance levels on your chart, find an old
195		-
196		-40
197		-00:08:00,720 ~-~-> 00:08:08,700
198		-high find an old well, where it bounced where it repelled. There's where you put
199		-your orders that and therefore the setups are going to occur there? How many
200		-
201		-41
202		-00:08:08,700 ~-~-> 00:08:18,210
203		-times has that worked for you? I'm sure a few of you have many examples that you
204		-could say, well, it worked here. They worked here and work here. But if you're
205		-
206		-42
207		-00:08:18,210 ~-~-> 00:08:30,270
208		-honest, how many times is a failed you? A lot more? I'm sure. So the question
209		-is, if the market does, in fact, find support and resistance, and I don't
210		-
211		-43
212		-00:08:30,270 ~-~-> 00:08:39,450
213		-believe there is support and resistance in the marketplace, it's again, an
214		-illusion. Because what you're supposing is at that specific price level in the
215		-
216		-44
217		-00:08:39,450 ~-~-> 00:08:50,940
218		-past is going to have the exact same response going forward. And it never rarely
219		-ever shows that consistency, once in a while will happen enough to write books
220		-
221		-45
222		-00:08:50,940 ~-~-> 00:09:03,960
223		-and write chapters and enough to do seminars and webinars on. But when you start
224		-walking forward that idea, you have problems. It's like quicksand. It looks like
225		-
226		-46
227		-00:09:03,960 ~-~-> 00:09:13,260
228		-good footing. But when you step out there, you start sinking, and you start
229		-questioning what's really going on. So I had a lot of frustration in the
230		-
231		-47
232		-00:09:13,260 ~-~-> 00:09:24,000
233		-beginning, after encountering adversity in my trading, so I had to figure things
234		-out. I had to I had to think about things from an analytical standpoint. And I
235		-
236		-48
237		-00:09:24,000 ~-~-> 00:09:34,890
238		-will admit to you right now that I wasn't confident that I was going to figure
239		-it out. But I sure as hell tried. And I was trying every single day, more hours
240		-
241		-49
242		-00:09:34,890 ~-~-> 00:09:48,060
243		-than a full time job would have anyone work. Eight to 10 hours a day, sometimes
244		-13 hours a day, and study. So I've been obsessive about this all my life. So I
245		-
246		-50
247		-00:09:48,060 ~-~-> 00:09:56,730
248		-want you to understand that I didn't just throw this presentation together
249		-because it just fits today. I want you to go through the same mechanics and
250		-
251		-51
252		-00:09:56,730 ~-~-> 00:10:05,940
253		-process that I'm doing here on any market. Any market whatsoever, because it's
254		-the same thing. There's always a puppeteer,
255		-
256		-52
257		-00:10:06,990 ~-~-> 00:10:18,990
258		-there's always someone pulling the strings, it's never being left to the
259		-randomness of buying and selling. Okay? So I don't believe there's support
260		-
261		-53
262		-00:10:18,990 ~-~-> 00:10:26,850
263		-resistance in the marketplace. And then that's probably unsettling for some of
264		-you. And I don't believe their supply and demand either. Because these are all
265		-
266		-54
267		-00:10:27,180 ~-~-> 00:10:40,620
268		-notions that promote the idea of free trade. And there's nothing further than
269		-that. And it comes to truth of the markets, its complete and utter control and
270		-
271		-55
272		-00:10:40,620 ~-~-> 00:10:53,940
273		-manipulation. We are given the ideas and perspectives by industry, talking
274		-heads, gurus, teachers, and such. And they could come across with the greatest
275		-
276		-56
277		-00:10:53,940 ~-~-> 00:11:06,900
278		-intentions and well meaning spirit. But it's flawed. Because it's promoting the
279		-idea that there's no one really in control of price when there absolutely is.
280		-
281		-57
282		-00:11:07,950 ~-~-> 00:11:22,860
283		-And I've shown many times where I can predict within one PIP or the very PIP
284		-have a particular high or low of a day, or week. And to me, no one can have that
285		-
286		-58
287		-00:11:22,860 ~-~-> 00:11:35,640
288		-level of skill, or prognostication. If there wasn't a method behind it, that was
289		-measurable, that there was a well, data behind it to support it. Because if we
290		-
291		-59
292		-00:11:35,640 ~-~-> 00:11:45,900
293		-understand that, indicators, and trend lines, you've seen all those things
294		-before, if it was beat by that, then we would all have the same settings, we
295		-
296		-60
297		-00:11:45,900 ~-~-> 00:11:58,410
298		-would all have the same trend line anchor points. And we don't. And yet, still,
299		-the majority of people lose money doing it. So I was forced at an early age in
300		-
301		-61
302		-00:11:58,410 ~-~-> 00:12:10,590
303		-my career, to abandon those things, because I want to only focus on the things
304		-that make sense. And I had to streamline my focus to things that made the
305		-
306		-62
307		-00:12:10,590 ~-~-> 00:12:26,130
308		-clearest depiction of what price should do, and finding generic characteristics
309		-and price behavior that will repeat not because it's a specific setting, or
310		-
311		-63
312		-00:12:26,130 ~-~-> 00:12:37,830
313		-indicator, but because it's what price will do, by its very nature. So what am I
314		-getting at, if it's not support resistance, what's moving price, order flow.
315		-
316		-64
317		-00:12:39,390 ~-~-> 00:12:48,090
318		-It's all about where the money is. Now, the books will never teach you this.
319		-Because the folks that write these books don't understand or even know about it,
320		-
321		-65
322		-00:12:48,810 ~-~-> 00:13:01,410
323		-because they're so indoctrinated. They believe wholeheartedly, that their system
324		-of indicators, or their methodology is resulting in that profitable trade, when
325		-
326		-66
327		-00:13:01,410 ~-~-> 00:13:11,700
328		-that in itself is the sheer randomness that they're talking about. It's the
329		-price action that's not random. But their reaction and result of their
330		-
331		-67
332		-00:13:11,940 ~-~-> 00:13:24,330
333		-interpretation of indicators and their methodology. And that's the randomness of
334		-the results of their system is what's random, not price action. If you look at
335		-
336		-68
337		-00:13:24,420 ~-~-> 00:13:38,760
338		-promoters of ideas that sell systems and EAS, and things of that nature, as soon
339		-as they say they have proprietary indicators. that's a that's a red flag right
340		-
341		-69
342		-00:13:38,760 ~-~-> 00:13:48,480
343		-there, they are not looking at what I'm going to show you today. And it's very
344		-generic. It's a very simple approach. It's about price. It's the open the high,
345		-
346		-70
347		-00:13:48,480 ~-~-> 00:14:01,140
348		-the low and the close. It's a secret for indicator collection. And it goes by
349		-everyone, it goes right over their head every single day. So when we understand,
350		-
351		-71
352		-00:14:01,440 ~-~-> 00:14:15,240
353		-or at least I'm asking you to suspend your belief in indicators and other
354		-methodologies just for the sake of this video. If we can simply say that the
355		-
356		-72
357		-00:14:15,240 ~-~-> 00:14:26,730
358		-market is and trust me on this, for the presentation, the market moves where the
359		-money is, okay, we know that they are sometimes referred to as a stop run. But
360		-
361		-73
362		-00:14:26,730 ~-~-> 00:14:35,280
363		-the books are not always as clear to determine a methodology on how to trade
364		-with that or to avoid it. It's just written up as well. You know, that's why you
365		-
366		-74
367		-00:14:35,280 ~-~-> 00:14:44,490
368		-have to have good risk management and money management because price is random.
369		-And again, that's always been a stick in my craw. I've had a problem accepting
370		-
371		-75
372		-00:14:44,490 ~-~-> 00:14:55,950
373		-that because people that get wealthy in the markets are not randomly getting
374		-there. They're doing things that are, again, measurable. Now when I'm saying
375		-
376		-76
377		-00:14:56,010 ~-~-> 00:15:03,210
378		-making a lot of money. I'm not talking about the guys who make $100,000 a year
379		-I'm talking about the first They make millions of dollars per month. And these
380		-
381		-77
382		-00:15:03,210 ~-~-> 00:15:05,190
383		-folks know exactly what's going on.
384		-
385		-78
386		-00:15:06,000 ~-~-> 00:15:14,700
387		-And they do the same things over and over and over again. And they expect the
388		-same things and price action because it is absolutely controlled. So what do I
389		-
390		-79
391		-00:15:14,700 ~-~-> 00:15:26,520
392		-mean? What do I mean by this? What do I mean by order flow? Well, when I look at
393		-price, as we looking at this chart right now, is many peaks and valleys in it.
394		-
395		-80
396		-00:15:27,060 ~-~-> 00:15:38,880
397		-Now, right away, depending upon where you've come from, in your discipline of
398		-technical analysis, your I may be going to harmonic patterns, or your I may be
399		-
400		-81
401		-00:15:38,880 ~-~-> 00:15:51,630
402		-drawn to a suppose a trendline, or some view, classic support resistance highs
403		-and lows, bottoms become tops and tops becomes bottoms cliche, whatever that is,
404		-
405		-82
406		-00:15:51,990 ~-~-> 00:16:02,610
407		-I'm asking you to to push it to side just for a couple more minutes. And I'm
408		-going to ask you to think about price. Okay, think about a price. And think
409		-
410		-83
411		-00:16:02,610 ~-~-> 00:16:17,250
412		-about it in its 00 level. In this example, here, we're looking at the euro
413		-dollar, and we have a price range of 121. Down to approximately 116 or so. in
414		-
415		-84
416		-00:16:17,250 ~-~-> 00:16:32,520
417		-that range. There are several 00 levels for what I refer to as a big figure. And
418		-there's several 50 levels, okay, like for instance, like 120 50, or 121 51 1950,
419		-
420		-85
421		-00:16:32,940 ~-~-> 00:16:49,320
422		-then you have the big figures, 119, even 120, even 121, even 117, even, and so
423		-on. And I want you to think about how price moves above and below these 50 00
424		-
425		-86
426		-00:16:49,320 ~-~-> 00:16:58,770
427		-levels. You probably never noticed it before. But this is the beginning
428		-mechanics of understanding how price moves algorithmically. Okay, I have the 00
429		-
430		-87
431		-00:16:58,770 ~-~-> 00:17:08,160
432		-level, the 50 levels on the chart in red. And I've also incorporated the 20
433		-levels and 80 levels, okay, because we're gonna go over a few characteristics
434		-
435		-88
436		-00:17:08,160 ~-~-> 00:17:18,480
437		-that are generic and price. But right away, you should be able to see that there
438		-are significant turning points at these references, 20 8050 and zero levels.
439		-
440		-89
441		-00:17:19,260 ~-~-> 00:17:28,440
442		-Everyone out there struggles with what's the right support resistance level. And
443		-if you just simply do this to your chart, you'll have the key levels that are
444		-
445		-90
446		-00:17:28,440 ~-~-> 00:17:40,380
447		-going to be most likely or salient to current price action at the time. Now I'm
448		-going to take that information and promote an understanding that how we can use
449		-
450		-91
451		-00:17:40,380 ~-~-> 00:17:55,770
452		-institutional pricing like this 50 00 levels 20s and 80s. To find key turning
453		-points, okay, which will also lend well to finding setups. So right away, I want
454		-
455		-92
456		-00:17:55,770 ~-~-> 00:18:05,010
457		-you to take a look at the reactions that take place around the 50 levels and the
458		-00 levels. For instance, if we look at the 117, big figure down here, price was
459		-
460		-93
461		-00:18:05,010 ~-~-> 00:18:11,370
462		-able to move down to it. But did it stop right at that level? Now it went
463		-through it despite a little bit. And then there was a reaction, price came back
464		-
465		-94
466		-00:18:11,370 ~-~-> 00:18:20,610
467		-down. Now support resistance idea theory would say okay, let's wait for it to
468		-get back down to that level. It didn't do it. It traded higher. And it cut
469		-
470		-95
471		-00:18:20,610 ~-~-> 00:18:35,400
472		-through a mid figure in at level, another big figure through a 20 level but then
473		-failed to get to a 50 level and then fell all the way down back down into this
474		-
475		-96
476		-00:18:35,400 ~-~-> 00:18:43,470
477		-level. Now right away folks is subscribed to support resistance, they would say
478		-okay, well, here we are, we traded back to that level. So I can be a buyer now.
479		-
480		-97
481		-00:18:43,710 ~-~-> 00:18:51,930
482		-And I'll put a stop loss rate below my low, and they get rewarded for a little
483		-while. And then price comes back down and drives through. Why is it doing that?
484		-
485		-98
486		-00:18:52,470 ~-~-> 00:19:03,900
487		-Why is it doing it again here, because these double bottoms are designed to
488		-lower your eye to it and feel that it's safe to put your stop loss below it for
489		-
490		-99
491		-00:19:03,900 ~-~-> 00:19:04,680
492		-a long position.
493		-
494		-100
495		-00:19:06,030 ~-~-> 00:19:18,660
496		-Whenever we see price points in charts that have equal levels, that's an
497		-opportunity for a raid. Price should go down there, probe that area, and then
498		-
499		-101
500		-00:19:18,720 ~-~-> 00:19:30,780
501		-anticipate a rejection and go the other way. And other examples here, double
502		-tops, price runs through it. Now this time it runs through it in doesn't reject.
503		-
504		-102
505		-00:19:31,380 ~-~-> 00:19:41,460
506		-The reason why is because we've had a market structure shift inside this area
507		-right here. After trying several times to get below 117 big figure. The
508		-
509		-103
510		-00:19:41,460 ~-~-> 00:19:51,510
511		-algorithm was not allowing price to go below. It wasn't the fact that there was
512		-no sellers. And it wasn't an imbalance of more buyers and sellers. The algo was
513		-
514		-104
515		-00:19:51,660 ~-~-> 00:20:02,310
516		-working this level 117 How do you know it's working it was that mean? It's going
517		-down to it a lot and sweeping through it. That means they're accumulating long
518		-
519		-105
520		-00:20:02,310 ~-~-> 00:20:16,230
521		-positions down here. Every time it makes a lower low. Everyone else's system
522		-will say that's weak. It's making lower lows. No, it's accumulating, buy, buy
523		-
524		-106
525		-00:20:16,230 ~-~-> 00:20:27,870
526		-orders, with the existing sellers that are in place below these lows. Now, I
527		-want you to think about how when price reaches up to a 00 level or a 50 level,
528		-
529		-107
530		-00:20:29,070 ~-~-> 00:20:39,360
531		-it's significant. Okay, it's kind of like mile markers. So if we can trade
532		-through a 50 level or full figure handle, Okay, so here's your level, or 50.
533		-
534		-108
535		-00:20:41,580 ~-~-> 00:20:53,940
536		-That to me, if we understand the daily bias as well, if you think about what I
537		-taught in the high probability scalping series of three videos, the concept of
538		-
539		-109
540		-00:20:53,970 ~-~-> 00:21:03,030
541		-determining what the daily bias is in that series is really simple. And you
542		-stick with that daily bias until we get to a potential turning point. And that's
543		-
544		-110
545		-00:21:03,030 ~-~-> 00:21:14,100
546		-going to be on the hourly chart, which is what I'm showing you here. Everything
547		-I'm showing you with a purpose in mind should help to remove the anxiety about
548		-
549		-111
550		-00:21:14,340 ~-~-> 00:21:21,870
551		-what support resistance levels you should be looking at. And by the time I
552		-conclude this video, where you can put your fibs, okay, and remove all that
553		-
554		-112
555		-00:21:21,870 ~-~-> 00:21:33,960
556		-ambiguity. So we're going to assume that we've arrived at a bullish idea that
557		-the euro dollar is going to go up from here, it doesn't matter that you missed
558		-
559		-113
560		-00:21:33,960 ~-~-> 00:21:42,900
561		-the buying low point down here, it's not important. Okay, that's not the
562		-important part at all. What I want to show you is, there are folks that will
563		-
564		-114
565		-00:21:42,900 ~-~-> 00:21:55,350
566		-argue, okay, and suggest that a lot of the things that I teach or show, it's
567		-been cherry picked for the purpose of looking good. And I'm gonna show you how
568		-
569		-115
570		-00:21:55,350 ~-~-> 00:22:04,290
571		-that's not true at all. Okay, and you can find this same types of setups. And
572		-you'll see that they are cookie cutter for the same type of thing all the time.
573		-
574		-116
575		-00:22:04,740 ~-~-> 00:22:16,230
576		-And it looks like to the uninitiated, like, perfect hindsight, cherry picking,
577		-but it's not. I'll give you an example. All right, so we had all the cell stops
578		-
579		-117
580		-00:22:16,230 ~-~-> 00:22:26,100
581		-ran out on this big figure at 117. Okay, and then price rallies, and it takes
582		-out a key swing high. Now, why is this a key swing high, because it's come all
583		-
584		-118
585		-00:22:26,100 ~-~-> 00:22:35,220
586		-the way back down, taking out lows. So if it breaks this high, that will be a
587		-significant event in price action, at least for the euro dollar on an hourly
588		-
589		-119
590		-00:22:35,220 ~-~-> 00:22:45,720
591		-chart is price, then, after making a higher high than this swing high here, it
592		-starts to retrace and comes back down. And it finds a reaction right here and
593		-
594		-120
595		-00:22:45,720 ~-~-> 00:22:57,000
596		-bounces up again, creates an equal high starts to come back down. folks in the
597		-retail world will see this as resistance. Not you. There has been a shift in the
598		-
599		-121
600		-00:22:57,000 ~-~-> 00:23:07,710
601		-market structure rallies. Now what I want you to do is I want you to think about
602		-and I'm gonna zoom in here, swing high that broke this swing high. Now we have a
603		-
604		-122
605		-00:23:07,710 ~-~-> 00:23:20,370
606		-bullish market structure. There will be folks out there that will say, Hey, you
607		-know, these educators, they put their fibs in after the fact. So that way, it
608		-
609		-123
610		-00:23:20,370 ~-~-> 00:23:28,080
611		-looks good. And they'll do something like this. And that's great. Okay, that
612		-would have worked because it stopped would have never been hit. Okay, but you're
613		-
614		-124
615		-00:23:28,080 ~-~-> 00:23:37,590
616		-looking at a swing low, you're looking at the actual price points, okay. And the
617		-reason why I teach folks to focus on the bodies of the candles because your
618		-
619		-125
620		-00:23:37,590 ~-~-> 00:23:49,920
621		-broker has the wonderful flexibility that you both agreed to then having about
622		-delivering the price to your platform, and it will always be slightly different
623		-
624		-126
625		-00:23:49,920 ~-~-> 00:23:57,630
626		-than what is actually on the interbank level. Now, I'll say that, again, in
627		-layman's terms, everyone's broker's price is going to be slightly different
628		-
629		-127
630		-00:23:57,630 ~-~-> 00:24:07,920
631		-because it benefits them in house on their own books, their their own customer
632		-base will be cannibalized when it's convenient for the broker.
633		-
634		-128
635		-00:24:09,960 ~-~-> 00:24:21,630
636		-Okay, so, I want you to remove the idea that you have to know what swing low and
637		-what swing high to put your foot one. Okay. Forget that. Because that's what the
638		-
639		-129
640		-00:24:21,630 ~-~-> 00:24:33,930
641		-books teach. In 1994. I was, was looking at the Japanese yen of all currencies.
642		-I know. The Japanese yen, I was trying to figure out what I wanted to do with
643		-
644		-130
645		-00:24:33,930 ~-~-> 00:24:47,370
646		-that currency. Now, it was before I was trading forex, because forex wasn't
647		-permitted to be traded prior to 1995 unless you were a bank, but in 94, I was
648		-
649		-131
650		-00:24:47,370 ~-~-> 00:25:02,250
651		-looking at the Japanese yen. And something struck me as a dissapoint of study I
652		-needed to get into the marketplace and find you know what What could be seen in
653		-
654		-132
655		-00:25:02,250 ~-~-> 00:25:11,700
656		-price that repeats itself or whatever I'm struggling to figure it out because I
657		-knew that I could come up with a way and at the time I was going to write a
658		-
659		-133
660		-00:25:11,700 ~-~-> 00:25:23,070
661		-computer program that would make my trading automated. That was my intent. But
662		-because I had to understand how it could reference certain price points to
663		-
664		-134
665		-00:25:24,420 ~-~-> 00:25:30,990
666		-basically build a condition for bullish or bearishness. I didn't want to use
667		-moving averages because I didn't believe in them because eventually the moving
668		-
669		-135
670		-00:25:30,990 ~-~-> 00:25:41,160
671		-average, you know, at the highs will have you buying. And it's over, it's done.
672		-So there had to be something for me to use as a criteria to determine where
673		-
674		-136
675		-00:25:41,160 ~-~-> 00:25:50,850
676		-value is where overbought is where it's cheap, now where it's oversold or
677		-overbought and where it's a good price to buy, or where it's a good price to
678		-
679		-137
680		-00:25:50,850 ~-~-> 00:26:03,780
681		-sell. And I wanted to make it as generic as possible. So that way, my program
682		-could reference these price points from a very generic standpoint, by that
683		-
684		-138
685		-00:26:05,700 ~-~-> 00:26:19,590
686		-choice or pursuit. That particular day, it was July 10 1994. I remember writing
687		-in my blog, in my journal, I said, I want to incorporate this specific thing in
688		-
689		-139
690		-00:26:19,590 ~-~-> 00:26:32,610
691		-price action. Now, I did not know the ramifications of this observation in
692		-price. And this is only by me studying price action alone and disregarding my
693		-
694		-140
695		-00:26:32,610 ~-~-> 00:26:41,730
696		-indicators, because I had a lot of indicators at the time on my charts. But I
697		-stripped it down and I said I need to know what price is going to do. That can
698		-
699		-141
700		-00:26:41,730 ~-~-> 00:26:50,700
701		-be seen and measured over long periods of time, not just perfect examples. And
702		-in hindsight, I need to be able to see this stuff going forward. So once I
703		-
704		-142
705		-00:26:50,700 ~-~-> 00:27:01,200
706		-adopted what I'm going to show you here, it made perfect sense. That's the
707		-reason why I could do and I actually contemplated doing this for about a week, I
708		-
709		-143
710		-00:27:01,200 ~-~-> 00:27:10,080
711		-was going to plot my fibs, as I'm going to teach you here. And it would have
712		-drove Twitter crazy. Oh, he's putting it where it makes sense for him. And you
713		-
714		-144
715		-00:27:10,080 ~-~-> 00:27:19,140
716		-will never you have never seen this. And I'm telling you this, and I'm
717		-challenging you, you find this in any book or educator, and it's got to be
718		-
719		-145
720		-00:27:19,140 ~-~-> 00:27:29,370
721		-printed, or in video where you can see it before the fact Okay, like I I know,
722		-it doesn't exist, because I buy everything. But this was never taught to me in
723		-
724		-146
725		-00:27:29,460 ~-~-> 00:27:39,600
726		-any of the things I've ever seen. No one else teaches it. And again, it's just
727		-one of those things that you get, or at least I received it by just being
728		-
729		-147
730		-00:27:39,630 ~-~-> 00:27:55,020
731		-insanely focused. And from a standpoint, as a computer programmer, I needed to
732		-be able to reference a specific price point. Now I'm gonna say this, and I want
733		-
734		-148
735		-00:27:55,020 ~-~-> 00:28:06,540
736		-you to really pay attention. Because if I lost you by now, okay, this is going
737		-to hopefully get you excited. Your broker is high, and my brokers high are not
738		-
739		-149
740		-00:28:06,540 ~-~-> 00:28:17,940
741		-going to agree. Our lows are not going to agree there, there's always gonna be
742		-some slight variance. Why is that? Because it's economical for them as the
743		-
744		-150
745		-00:28:17,940 ~-~-> 00:28:25,110
746		-broker to manipulate price to shorten the spread to widen the spread when it's
747		-convenient for them.
748		-
749		-151
750		-00:28:26,400 ~-~-> 00:28:34,320
751		-That's the reason why I teach the use the body that candle because that's the
752		-bulk of the volume. Now it still is not going to be lockstep for step, the same
753		-
754		-152
755		-00:28:34,320 ~-~-> 00:28:41,730
756		-thing you would see on the interbank level, that price is not going to be
757		-delivered to your demo account. It's not gonna be delivered to your Live
758		-
759		-153
760		-00:28:41,730 ~-~-> 00:28:48,630
761		-account. And I don't care what broker there is, this is the reason why I avoid
762		-the broker discussion, which is the good broker, it's up to you to decide that I
763		-
764		-154
765		-00:28:48,630 ~-~-> 00:28:57,840
766		-don't ever want to promote the idea of one broker being the safest one, or the
767		-best one, because there isn't anyone like that. They all have a vested interest
768		-
769		-155
770		-00:28:57,840 ~-~-> 00:29:06,540
771		-in making money off of you. So if you lose money, I don't want you saying that I
772		-cause you to lose money with that broker because you made a decision on your
773		-
774		-156
775		-00:29:06,540 ~-~-> 00:29:15,780
776		-own. Okay. I will say this if you go through and do a reasonable research on the
777		-internet and talk to people that are actually using them. That's the best
778		-
779		-157
780		-00:29:15,780 ~-~-> 00:29:24,450
781		-feedback and selection process there is okay because the ones that are big name
782		-and doing very well. They didn't get there you overnight, they've been able to
783		-
784		-158
785		-00:29:24,450 ~-~-> 00:29:33,150
786		-hold a good customer base and retention. And there's not been enough horror
787		-stories to put people on the on the sidelines about putting money with them.
788		-
789		-159
790		-00:29:33,570 ~-~-> 00:29:43,680
791		-Okay, so I'll just say that for completeness sake, but there are folks that will
792		-teach that the Fibonacci needs to be placed on the very, very low up to the
793		-
794		-160
795		-00:29:43,680 ~-~-> 00:29:55,860
796		-very, very high and sometimes that works. And sometimes it doesn't. And I teach
797		-that you should put a finger on the body's lowest open or close at a swing low
798		-
799		-161
800		-00:29:55,980 ~-~-> 00:30:13,170
801		-up to the highest open or close in a swing high and sometimes It doesn't work.
802		-what is really going on, is prices gravitating to these four levels. Now think I
803		-
804		-162
805		-00:30:13,170 ~-~-> 00:30:24,990
806		-gave you a science to finding support resistance just now you don't even realize
807		-it yet. I've also gave you the science behind why my fib works when it works.
808		-
809		-163
810		-00:30:25,980 ~-~-> 00:30:42,630
811		-And why I only look at specific swing highs and swing lows. Look closely. price
812		-breaks this swing high, comes back cycles back down into the mid figure. Okay? I
813		-
814		-164
815		-00:30:42,630 ~-~-> 00:30:59,310
816		-want you to think about where price originated from. It started sweeping the 17,
817		-big figure, right. And price traded all the way up and traded into the 1820
818		-
819		-165
820		-00:31:00,090 ~-~-> 00:31:14,880
821		-institutional price level. Now, it went a little bit above it. But I don't want
822		-you focusing there. It worked off a 17 big figure up to the 1820 level. That's
823		-
824		-166
825		-00:31:14,880 ~-~-> 00:31:27,720
826		-where you anchor your fib. If you put your Fibonacci on the 117, big figure,
827		-notice I'm doing it away from any swing lows, any highs and the lows, forget
828		-
829		-167
830		-00:31:27,720 ~-~-> 00:31:38,130
831		-that. That's retail thinking. You got to think with an institutional mindset
832		-because this is how the algorithm delivers price. It comes exactly down to the
833		-
834		-168
835		-00:31:38,130 ~-~-> 00:31:47,010
836		-62% retracement level, then we get a pop, comes right back to this same price
837		-level, see where it's stopping. It's not stopping at the high, it's stopping at
838		-
839		-169
840		-00:31:47,010 ~-~-> 00:31:53,370
841		-the 20 level. Okay, now the same premise in mind, okay, watch what happens, I'm
842		-going to take this fib
843		-
844		-170
845		-00:31:59,880 ~-~-> 00:32:12,240
846		-off. And I want you to think about this area right in here. Now, there will be
847		-folks that say you need to put your finger on this low, up to the highest high.
848		-
849		-171
850		-00:32:12,510 ~-~-> 00:32:25,770
851		-And let's do that. On the lowest low on the highest high. Yes, we get it hit and
852		-right here on 62%. tracing level, beautiful, nothing wrong with that. But I want
853		-
854		-172
855		-00:32:25,770 ~-~-> 00:32:39,780
856		-you to think a little bit differently. Watch what happens 20 level back on
857		-because it took it off. And I'll take this off again. And I'm going to calibrate
858		-
859		-173
860		-00:32:39,780 ~-~-> 00:32:52,080
861		-my fib to the actual 50 level, not looking at the actual swing highs and swing
862		-lows, I'm putting it right on the price level itself that prices working the 20
863		-
864		-174
865		-00:32:52,080 ~-~-> 00:33:02,730
866		-level off of the 1757 words, look at price hitting 1750 then reaction happens
867		-there. Who cares about the actual low because your low is not going to agree
868		-
869		-175
870		-00:33:02,730 ~-~-> 00:33:11,880
871		-with mine. And it's not gonna agree with 50 other people either only the same
872		-people in that same respective liquidity pool or broker is going to have the
873		-
874		-176
875		-00:33:11,910 ~-~-> 00:33:25,080
876		-same agreement. So and even if you do that, if you look at like FX cm, they had
877		-many ways of looking at price action. I had people that were trading live in FX
878		-
879		-177
880		-00:33:25,080 ~-~-> 00:33:36,210
881		-cm, and I had a Live account with FX cm at one time. And we still didn't even
882		-agree on our highs and lows. So this is the reason why I'm telling you forget
883		-
884		-178
885		-00:33:36,210 ~-~-> 00:33:44,310
886		-that. Forget the folks that tell you this is the proper way of putting your fib
887		-on the low and the high forget that because that's not what's going on. Okay,
888		-
889		-179
890		-00:33:44,970 ~-~-> 00:33:57,360
891		-price is moving to these four price levels. And they're reacting off of that.
892		-Now when we know this, we can see the anchor point is the price level, not the
893		-
894		-180
895		-00:33:57,360 ~-~-> 00:34:06,570
896		-very high or the low. Not the bodies of the candles either the buys or cancel
897		-get you the closest thing to it without me teaching you this. But I wanted to
898		-
899		-181
900		-00:34:06,570 ~-~-> 00:34:17,010
901		-answer this response because I got a couple emails from folks that really
902		-support Tom Dante and again, this is not like a pissing match. I'm not trying to
903		-
904		-182
905		-00:34:17,010 ~-~-> 00:34:29,130
906		-do that to be disrespectful or anything. But I got a call a correction when it's
907		-necessary. And this is what really should be done with a fib. Looking at the
908		-
909		-183
910		-00:34:29,130 ~-~-> 00:34:36,780
911		-reference points whenever you think you're gonna put your your Fibonacci on a
912		-swing low, find out what level it is, if it's a 50 level and at level, a double
913		-
914		-184
915		-00:34:36,780 ~-~-> 00:34:48,450
916		-zero level, then that's what you put it on. That's it. Forget all this other
917		-stuff, because that's always going to be erroneous price action. Not in the
918		-
919		-185
920		-00:34:48,450 ~-~-> 00:34:57,420
921		-sense that it wasn't necessary, or that they weren't doing something that reach
922		-for stops or something like that. We're defending a level not going down to it
923		-
924		-186
925		-00:34:57,750 ~-~-> 00:35:07,950
926		-as many times as they would be reasonably expected to see it It just means that
927		-you have to think about how if price was controlled by a computer program,
928		-
929		-187
930		-00:35:08,460 ~-~-> 00:35:19,680
931		-there's no way on earth that could it could ever see all of our orders. It
932		-can't. But when it goes to these levels, and sweeps through it a little bit,
933		-
934		-188
935		-00:35:19,680 ~-~-> 00:35:29,520
936		-that's all that's necessary because the common thesis is stop losses are just
937		-below old low, or at the old low. So they go to that specific price level, and
938		-
939		-189
940		-00:35:29,520 ~-~-> 00:35:39,540
941		-they whip through it just by a little bit. They don't know where your orders are
942		-specifically, they just know where they're likely to be at. Think about that.
943		-
944		-190
945		-00:35:40,500 ~-~-> 00:35:51,690
946		-Now, right away, if I had my anchor points on the price levels, as indicated
947		-here, I got a deeper retracement that goes just a little bit below 62. But
948		-
949		-191
950		-00:35:51,690 ~-~-> 00:36:06,360
951		-nonetheless, it's still there. Price rallies again, it takes off. Now watch.
952		-Watch what happens here. If we see this buy point right in here. Well, how is
953		-
954		-192
955		-00:36:06,360 ~-~-> 00:36:18,060
956		-that a buy point? Is it going to be a Fibonacci retracement? Well, let's take a
957		-look at that. We're going to use the standard technical analysis way of doing
958		-
959		-193
960		-00:36:18,060 ~-~-> 00:36:29,070
961		-it, we're going to put it on the low up to the high right there. Well, we didn't
962		-get down to 62. We didn't get to 70.5. And we sure didn't get down to 79%.
963		-
964		-194
965		-00:36:29,070 ~-~-> 00:36:37,890
966		-tradesmen didn't do it. So we can't, we can't look at this as an optimal trade
967		-entry because it didn't retrace deep enough. So therefore, Fibonacci traders,
968		-
969		-195
970		-00:36:37,890 ~-~-> 00:36:50,340
971		-and those that use the methodology as taught by the books, and everyone else
972		-uses online, they miss out on this by. But now do what I taught you. We're going
973		-
974		-196
975		-00:36:50,340 ~-~-> 00:36:51,480
976		-to calibrate it to
977		-
978		-197
979		-00:36:53,010 ~-~-> 00:37:05,670
980		-the level, we're going to start with the 80 level and drop it down into the 50
981		-level. Okay. So right away, we have we have a shortened range in here. It was
982		-
983		-198
984		-00:37:05,670 ~-~-> 00:37:17,670
985		-shortened range. Price has blown through what key price level? What did it just
986		-shoot? What did this shoot through? Right here off of this run? It went through
987		-
988		-199
989		-00:37:17,790 ~-~-> 00:37:30,720
990		-the big figure 119. So if it's going through with energy to get through 119,
991		-shouldn't it be reasonably expected for it to maybe retest 119, or try to stay
992		-
993		-200
994		-00:37:30,720 ~-~-> 00:37:44,100
995		-above 119. That's what the algorithm does. It determines these mile markers in
996		-price. And once it overtakes a key big figure, or a mid figure, it will either
997		-
998		-201
999		-00:37:44,100 ~-~-> 00:37:52,710
1000		-come back down to it, or it won't come back down to it or it'll come back down
1001		-through it in reverse. There's three conditions you have to have now again, the
1002		-
1003		-202
1004		-00:37:52,710 ~-~-> 00:38:03,390
1005		-folks that understand computer programming, understand exactly what I'm
1006		-referring to as if then syntax, it's logic behind the decision making that
1007		-
1008		-203
1009		-00:38:03,420 ~-~-> 00:38:13,800
1010		-controls what the outcome is going to be. Here, I want you to think about the
1011		-the idea of how much energy it took to get away from 118 to get up to 118 80.
1012		-
1013		-204
1014		-00:38:14,070 ~-~-> 00:38:25,080
1015		-Then it paused. And it ran aggressively again through 119. Big figure up to
1016		-119 50 then it starts to retrace? Well, we've cleared a big figure my mind right
1017		-
1018		-205
1019		-00:38:25,080 ~-~-> 00:38:41,280
1020		-away thinks we probably will come back down to 119 to retest it. But in the
1021		-event that it doesn't, what setups could be manifesting there. Watch for the fib
1022		-
1023		-206
1024		-00:38:41,310 ~-~-> 00:38:48,990
1025		-on the 119. Big figure. And on 119 50. I'm going to zoom in so you can see it
1026		-
1027		-207
1028		-00:38:56,970 ~-~-> 00:39:08,550
1029		-boom 62% retracement level, there's your optimal trade entry. Now, I'm gonna be
1030		-honest with you. If I would have put this on a chart, okay, and anchored to fib
1031		-
1032		-208
1033		-00:39:08,760 ~-~-> 00:39:21,000
1034		-Ray here and up to here. Everybody would have been screaming, what in the world
1035		-this is cherry picking. He doesn't know how to use a Fibonacci really. Because
1036		-
1037		-209
1038		-00:39:21,000 ~-~-> 00:39:27,900
1039		-I've been doing this for a long, long time. And it's not just these examples
1040		-that it works on. I'm telling you to go through your charts, and you'll see it
1041		-
1042		-210
1043		-00:39:28,980 ~-~-> 00:39:42,030
1044		-when prices bullish as eurodollar was. It's going to be reaching for levels.
1045		-Okay. Why do I want to exit early? Like, I think that price may go up to a
1046		-
1047		-211
1048		-00:39:42,030 ~-~-> 00:39:51,060
1049		-specific price level. Maybe ADR suggesting things maybe I've done some Fibonacci
1050		-extensions or whatever. But I want to get out at the most logical price points.
1051		-
1052		-212
1053		-00:39:52,380 ~-~-> 00:40:02,730
1054		-And they're going to be as close as I can to these four price levels. Look at
1055		-the delivery price here. It went right to one, two 50 Yes, it went through it a
1056		-
1057		-213
1058		-00:40:02,730 ~-~-> 00:40:12,390
1059		-little bit. I am never concerned about that. I don't care about that. Okay, what
1060		-structures my trade is? Do I have the ability to get to these levels? Look how
1061		-
1062		-214
1063		-00:40:12,390 ~-~-> 00:40:23,640
1064		-nice it and easily got to this 120 big finger. It's easy to understand the
1065		-mechanics, when you think about price like this, remove the notion of you have
1066		-
1067		-215
1068		-00:40:23,640 ~-~-> 00:40:31,440
1069		-to have the right swing high and the right swing low. No, you don't. You don't
1070		-need that. You need to know where you are in terms of valuation. What's the
1071		-
1072		-216
1073		-00:40:31,440 ~-~-> 00:40:46,320
1074		-price at? Think about this over here, this axis on your chart is the most
1075		-important thing. Then this one down here, it's time when those two agree. And a
1076		-
1077		-217
1078		-00:40:46,320 ~-~-> 00:40:56,550
1079		-bias is in play. In other words, are you bullish or bearish? There has to be a
1080		-stage. Okay, what makes the setup or condition bullish or bearish? That's where
1081		-
1082		-218
1083		-00:40:56,550 ~-~-> 00:41:05,880
1084		-the hardest work for you is? Because the entry patterns are the easiest, the
1085		-easiest, the hardest thing is for you to determine should you be buy or should
1086		-
1087		-219
1088		-00:41:05,880 ~-~-> 00:41:17,850
1089		-you be a seller and stay in that camp until your setup comes? period. Simple as
1090		-that. Now we're going to take this idea. And we're going to switch it to when
1091		-
1092		-220
1093		-00:41:17,850 ~-~-> 00:41:30,990
1094		-things are bearish. And I'm gonna look at this little point right here. Now if
1095		-we were looking at classic Fibonacci application, here's a swing high. And we'll
1096		-
1097		-221
1098		-00:41:30,990 ~-~-> 00:41:40,770
1099		-put it on the high here, down to the low, didn't even get back to the 50 level,
1100		-or equilibrium would be 62 is up here. So how can you get a sell signal here?
1101		-
1102		-222
1103		-00:41:41,850 ~-~-> 00:41:53,430
1104		-Think about price from an algorithmic standpoint. What price did it just leave?
1105		-with energy? It left the 120 big figure. So it left the 120 big figure traded
1106		-
1107		-223
1108		-00:41:53,430 ~-~-> 00:42:13,710
1109		-down to 119 50. Where should your fit be placed? on 120. So you have 1951 20,
1110		-boom 70.5 level, there's your optimal trade entry. I know right? Folks, it's not
1111		-
1112		-224
1113		-00:42:13,710 ~-~-> 00:42:23,790
1114		-about picking the right swing high. Right, swing low. It's about understanding
1115		-what price is doing. It's all in open high, low and close. What is the price
1116		-
1117		-225
1118		-00:42:24,540 ~-~-> 00:42:36,570
1119		-it's working off of right now? I gave you four price points, 00 levels, 50
1120		-levels, 20s and 80s. It's as simple as that there's your support resistance. The
1121		-
1122		-226
1123		-00:42:36,570 ~-~-> 00:42:47,610
1124		-thing you have to know is where is the bias? Is it bullish or bearish? When you
1125		-know these things, and you apply it, you will see things that no one else sees.
1126		-
1127		-227
1128		-00:42:48,150 ~-~-> 00:42:59,940
1129		-And no one in the teaching circuits teaches this. It's mine. This is the
1130		-byproduct of having an insane interest in knowing what price is going to do. And
1131		-
1132		-228
1133		-00:43:00,600 ~-~-> 00:43:08,040
1134		-having a degree in something that couldn't make money with I went to school to
1135		-learn to be a computer programmer. I've never received a paycheck one time doing
1136		-
1137		-229
1138		-00:43:08,040 ~-~-> 00:43:19,320
1139		-that. But I've received huge paychecks by way of using this information and
1140		-thinking about things from an analytical standpoint and trying to formulate
1141		-
1142		-230
1143		-00:43:19,380 ~-~-> 00:43:35,730
1144		-analytical and algorithmic approaches to deciphering price action. So some more
1145		-examples here. If you look at how price is moving, okay, we left the 120 went
1146		-
1147		-231
1148		-00:43:35,730 ~-~-> 00:43:50,130
1149		-down to 1950, down to 19. Big figure swept through 1850 fell short of 1820.
1150		-Okay, so we fell short of 1820. So are they supporting that price level?
1151		-
1152		-232
1153		-00:43:51,510 ~-~-> 00:44:02,430
1154		-Well, they showed a willingness to go through a short term high here. So even
1155		-though it never touched that level, and showed a strong reaction, your broker
1156		-
1157		-233
1158		-00:44:02,460 ~-~-> 00:44:14,580
1159		-may not have that low touching this institutional level at 20. I still would use
1160		-that I would use that reference point. So let's take a look at applying the fib
1161		-
1162		-234
1163		-00:44:16,740 ~-~-> 00:44:29,490
1164		-on here 1820 and this is the part that's going to seem like form fitting, okay.
1165		-But the question is going to be this when you're looking at these levels, the
1166		-
1167		-235
1168		-00:44:29,490 ~-~-> 00:44:40,560
1169		-questions I asked myself is, is the level being worked up and down around it and
1170		-then did it leave it the price get away from it energetically above it, you
1171		-
1172		-236
1173		-00:44:40,590 ~-~-> 00:44:48,990
1174		-know, moving bullishly away from it or barely moving away from it because it's
1175		-going to give you a tip as to what the algorithm is trying to do reprice higher
1176		-
1177		-237
1178		-00:44:48,990 ~-~-> 00:44:58,080
1179		-or reprice lower. Now also, I'm also determining whether there's a willingness
1180		-to get down to that level and if it fails to get to a level going up to it or
1181		-
1182		-238
1183		-00:44:58,080 ~-~-> 00:45:09,540
1184		-going down to it. I will still Use that level because it's being defended. The
1185		-algorithm is trying not to go beyond that price point. The reason why you're
1186		-
1187		-239
1188		-00:45:09,540 ~-~-> 00:45:19,320
1189		-going to struggle with this is because you have to submit the idea that your
1190		-retail account may not show the price level itself. But when you put these
1191		-
1192		-240
1193		-00:45:19,320 ~-~-> 00:45:30,390
1194		-levels on your chart, it will help you decipher what price is, in fact, probably
1195		-doing. Now, you may have expected price to hit that level. Okay. And it made it
1196		-
1197		-241
1198		-00:45:30,390 ~-~-> 00:45:38,310
1199		-ugly, I probably would have been expecting that same thing that occur here. But
1200		-when price reverses, and trades through the short term swing high here, when I
1201		-
1202		-242
1203		-00:45:38,310 ~-~-> 00:45:47,340
1204		-see that I know that they defended at 20 level, and nothing's changed. It's the
1205		-same thing as if you were looking for the setup to occur. Like after the fact
1206		-
1207		-243
1208		-00:45:47,340 ~-~-> 00:45:54,930
1209		-here, it went above it. Okay, great, I'm going to look for a buy signal on the
1210		-same context that I just framed, the earlier buy for this. So we're going to
1211		-
1212		-244
1213		-00:45:54,930 ~-~-> 00:46:11,190
1214		-anchor our fed right on the 20 level, draw it up to this 1980 level because
1215		-price did hit it and had a reaction off of it. Now watch closely. I'm looking at
1216		-
1217		-245
1218		-00:46:11,220 ~-~-> 00:46:12,450
1219		-the price level.
1220		-
1221		-246
1222		-00:46:18,300 ~-~-> 00:46:29,160
1223		-jumped on my platform to that low I gotta make sure it doesn't touch that. Okay,
1224		-so we're on the 1820 level, up to the 88 level cuz it traded traded to it and
1225		-
1226		-247
1227		-00:46:29,160 ~-~-> 00:46:39,210
1228		-reacted. So in price comes back down here, this is a buying opportunity right
1229		-there. And we can start looking for these targets here. Okay, Brian, for this
1230		-
1231		-248
1232		-00:46:39,330 ~-~-> 00:46:49,560
1233		-old high. Let's just watch and see what happens in price, using institutional
1234		-price levels, not swing highs and swing lows on price, not stressing about,
1235		-
1236		-249
1237		-00:46:49,710 ~-~-> 00:46:56,370
1238		-well, you know, there's certain educators out there that cherry pick and they
1239		-put this stuffing Tom, I'm gonna put that at rest with me, because it doesn't
1240		-
1241		-250
1242		-00:46:56,370 ~-~-> 00:47:04,410
1243		-work with me. That does not apply to me. I'm not saying he did associate that
1244		-with me. I'm saying just in case you did. Okay, I want you to know that there's
1245		-
1246		-251
1247		-00:47:04,410 ~-~-> 00:47:14,790
1248		-absolute science behind where I put a fit bat. Price meanders goes forward and
1249		-look at the reaction right there. Beautiful. That's a buying opportunity as
1250		-
1251		-252
1252		-00:47:14,790 ~-~-> 00:47:25,620
1253		-well. And what's resting right here. Equal highs, price should react to go where
1254		-boom, clear that out. Under underlying premise behind the hump market price is
1255		-
1256		-253
1257		-00:47:25,620 ~-~-> 00:47:40,950
1258		-it's bullish still. Boom, boom, hits it, it's over. This is what I'm talking
1259		-about. When you have to look at order flow, I'm not using these gimmicky things
1260		-
1261		-254
1262		-00:47:40,950 ~-~-> 00:47:49,380
1263		-that is there in fashion right now. You know, just like supply and demand was in
1264		-fashion about five, six years ago. And you know, people still have faith in
1265		-
1266		-255
1267		-00:47:49,380 ~-~-> 00:47:57,330
1268		-that. But I slice and dice that theory too, because they have limitations on it
1269		-that don't make sense. Don't cut through candles, you have to cut through
1270		-
1271		-256
1272		-00:47:57,330 ~-~-> 00:48:06,390
1273		-candles to get context in the market, you have to know certain things. And if
1274		-you start putting parameters on that says you can only look back to this price
1275		-
1276		-257
1277		-00:48:06,390 ~-~-> 00:48:16,830
1278		-point here and never cut through a candle at this, that doesn't make any sense.
1279		-Because you'll never understand a real stop rate. Okay, or a run on a key level.
1280		-
1281		-258
1282		-00:48:16,920 ~-~-> 00:48:28,680
1283		-If you don't cut through candles, and supply demand teaches that you can't do
1284		-that. So let me take that off. We're going to take another couple more examples
1285		-
1286		-259
1287		-00:48:28,680 ~-~-> 00:48:36,540
1288		-here. And I'll end this video because it's getting really long winded. But the
1289		-idea is just to stimulate your thought processes behind it. It's not an absolute
1290		-
1291		-260
1292		-00:48:36,540 ~-~-> 00:48:48,300
1293		-science for you, as it is for my mentorship. Okay, I'm just giving you examples
1294		-of how it is I'm challenged, it cannot be rivaled by any other retail approach.
1295		-
1296		-261
1297		-00:48:48,510 ~-~-> 00:48:58,080
1298		-If you want to put a Fibonacci on your chart, do it with this mind. And I'm
1299		-telling you, you will start looking like a wizard, you'll see things that no one
1300		-
1301		-262
1302		-00:48:58,080 ~-~-> 00:49:08,130
1303		-else is talking about. And you'll be pulling trades out of the marketplace that
1304		-no one else would be doing either price keys off of the 1850 level again, I'm
1305		-
1306		-263
1307		-00:49:08,130 ~-~-> 00:49:18,420
1308		-not going to the swing low. I'm going right off to the level itself. Okay. And
1309		-we're going to go right up to the 1920 level. Boom optimal trade entry. So
1310		-
1311		-264
1312		-00:49:18,420 ~-~-> 00:49:29,790
1313		-forget all this safe didn't even see this. They didn't worry with it. You want
1314		-to be a buyer. No problem. We can capture the buy here. Okay. Same thing we want
1315		-
1316		-265
1317		-00:49:29,790 ~-~-> 00:49:37,980
1318		-to look for projections on price once starts to move out if we take out this
1319		-swing high, which is the old one. How far can it go up to? Here's a 200
1320		-
1321		-266
1322		-00:49:37,980 ~-~-> 00:49:49,440
1323		-extension. Boom, beautiful. On done completely decimated the euro dollar with
1324		-that. Now, did I give you something retail here? Is there any trend lines on it
1325		-
1326		-267
1327		-00:49:49,440 ~-~-> 00:50:01,050
1328		-any moving averages any stochastics? No, I use the Fibonacci but I used it in a
1329		-way that we can grade institutional price swings the markets Move from an
1330		-
1331		-268
1332		-00:50:01,080 ~-~-> 00:50:11,550
1333		-algorithmic standpoint, they're predictable, you can make a science out of why
1334		-it should go where it should go. And where you should get in at getting in is
1335		-
1336		-269
1337		-00:50:11,550 ~-~-> 00:50:20,340
1338		-the least important, you have to understand what side of the marketplace it's
1339		-going to go for the up or the down the bullish or bearish. Okay. So that means
1340		-
1341		-270
1342		-00:50:20,340 ~-~-> 00:50:28,140
1343		-you need to know what the draw is on price. Well, at this point here buying
1344		-here, the draw is above this old high, that's where their buy stops are going to
1345		-
1346		-271
1347		-00:50:28,140 ~-~-> 00:50:38,580
1348		-be. So even though this is suggesting this is a good level to take profit at,
1349		-and it's a real nice reaction there and trades back down. Watch what happens
1350		-
1351		-272
1352		-00:50:38,580 ~-~-> 00:50:47,520
1353		-again, in this little money price action in here. You probably don't know where
1354		-I'm going with it. It'll be the last example for this presentation. We have
1355		-
1356		-273
1357		-00:50:50,970 ~-~-> 00:51:01,290
1358		-price reacting in sweeping through the 1950 level, and then rallying up then
1359		-coming back to a shallow retracement and falling short of getting to the 1980
1360		-
1361		-274
1362		-00:51:01,290 ~-~-> 00:51:10,500
1363		-level. Forget all that. Where's the price points? 19 5020 5200 PIP range.
1364		-
1365		-275
1366		-00:51:11,970 ~-~-> 00:51:22,920
1367		-But right on the price levels themselves. Right there. Okay. So we're anchoring
1368		-off this level, not the swing low, not the wick. If I were to put this on here,
1369		-
1370		-276
1371		-00:51:23,040 ~-~-> 00:51:28,620
1372		-why the hell did you do that ICT? You would have been thinking Oh, he put it
1373		-back here because this this is that level here night you would have never
1374		-
1375		-277
1376		-00:51:28,620 ~-~-> 00:51:40,290
1377		-figured this out. You never would have figured this out. Okay. Looking at price,
1378		-reacting at 1950. That's the level it was working the algorithm went to that
1379		-
1380		-278
1381		-00:51:40,290 ~-~-> 00:51:53,250
1382		-level but swept it. So the real key work is 19 mid figure. Okay, so 1950 it
1383		-rallies goes up to 2050 or 20 min. Figure then retraces back down. What's the
1384		-
1385		-279
1386		-00:51:53,250 ~-~-> 00:52:05,550
1387		-hitting right here? 62% retracement level, boom. Well, also, is it happening?
1388		-Order block. Today got two things going for you. institution order flow, bullish
1389		-
1390		-280
1391		-00:52:05,550 ~-~-> 00:52:15,000
1392		-order block, optimal trade entry, buy it, it's going to go above this high for
1393		-the stops is your fib target and look at the bodies of the candles very close to
1394		-
1395		-281
1396		-00:52:15,000 ~-~-> 00:52:23,580
1397		-what would be acceptable as a target. And yes, it wicks through it a couple
1398		-times. But that does not concern me. Okay, I want to know these levels here.
1399		-
1400		-282
1401		-00:52:24,120 ~-~-> 00:52:31,080
1402		-Okay. And this is a buying opportunity that no one would look at this and say
1403		-that's an optimal trade entry because they look at just my tutorials. They don't
1404		-
1405		-283
1406		-00:52:31,080 ~-~-> 00:52:40,260
1407		-have this insight. But now you have it. Okay? If you want to learn things like
1408		-this, and you want to apply certain higher level theories that I don't make a
1409		-
1410		-284
1411		-00:52:40,260 ~-~-> 00:52:49,860
1412		-will ever make them public beyond what I've done here. The mentorship is for
1413		-you. If you're not wanting to get to this level of insanity in terms of
1414		-
1415		-285
1416		-00:52:49,860 ~-~-> 00:53:01,350
1417		-understand what price is going to do, then you just stick to the free tutorials
1418		-and that'll be fine. But I just wanted to kind of like answer a response I got.
1419		-
1420		-286
1421		-00:53:03,870 ~-~-> 00:53:13,290
1422		-Well, I didn't really get it. But I heard it in a video by another educator. And
1423		-I just wanted to put my two cents in because I get a lot of opinions expressed
1424		-
1425		-287
1426		-00:53:13,350 ~-~-> 00:53:22,500
1427		-about me and about my methodology. And many times it's done by way of ignorance,
1428		-they don't really know what they're talking about. And they're grading me or
1429		-
1430		-288
1431		-00:53:22,500 ~-~-> 00:53:32,610
1432		-suggesting that I'm doing certain things when they have clearly no idea what I'm
1433		-doing. And I'm going to leave it at that. Okay, but there's so many examples in
1434		-
1435		-289
1436		-00:53:32,610 ~-~-> 00:53:41,700
1437		-here. Okay, that it's crazy. Like I'll give you one more because I just want to
1438		-do it. We have a swing high here. Okay, and we have a swing low here. Really
1439		-
1440		-290
1441		-00:53:41,700 ~-~-> 00:53:50,580
1442		-nice sell off here. So what was the catalyst behind it? Well, if we put our fib
1443		-obviously the market has shown a willingness to break down up here and I go
1444		-
1445		-291
1446		-00:53:50,580 ~-~-> 00:53:59,850
1447		-through tutorials showing you that now the swing high swing low camp will do
1448		-this. Okay, great. It gives you 60% Jason Oh, great. Nothing wrong with that.
1449		-
1450		-292
1451		-00:54:00,030 ~-~-> 00:54:10,260
1452		-Okay, but in my mind what I'm doing is I'm doing my fib at the level itself at
1453		-20 1920 I'm dragging it down
1454		-
1455		-293
1456		-00:54:15,270 ~-~-> 00:54:25,830
1457		-to 1920 so 2020 to 1920 Why am I putting it down here there's no there's no
1458		-reference to this swing boy Michael it doesn't make any sense. This is stupid.
1459		-
1460		-294
1461		-00:54:26,340 ~-~-> 00:54:35,880
1462		-You don't know what you're doing? Sure I do. Price done what it reacted by going
1463		-higher and failing to get to 1920 so what's the algorithm doing is defending
1464		-
1465		-295
1466		-00:54:35,880 ~-~-> 00:54:45,390
1467		-1920 Well, how do I know that because it took a swing high. Oh well wait a
1468		-minute Michael isn't this one of those breaks the swing high comes back down
1469		-
1470		-296
1471		-00:54:45,420 ~-~-> 00:54:53,310
1472		-optimal trading shrink by No. Because the context is the markets broken down
1473		-back here. That's why some of you look for optimal trade entry Long's and you
1474		-
1475		-297
1476		-00:54:53,310 ~-~-> 00:55:03,510
1477		-don't get them. You get these smashed through and Oh no. How do I know? You have
1478		-to know what the market is showing you By context, context is, what's the
1479		-
1480		-298
1481		-00:55:03,510 ~-~-> 00:55:12,990
1482		-storyline behind price? Is it bullish or bearish? And has it reversed? Because
1483		-if it has reversed, well, what's the reversal here, price went above an old
1484		-
1485		-299
1486		-00:55:12,990 ~-~-> 00:55:23,610
1487		-high, fail to go higher, and came back down, find the reaction low and between
1488		-the breaks that it's bearish until it resumes going higher again. So this whole
1489		-
1490		-300
1491		-00:55:23,610 ~-~-> 00:55:32,190
1492		-model here is bearish. So my optimal trade entry would be framed on something
1493		-like this, and it takes me deeper. So I'll get a slightly higher entry price,
1494		-
1495		-301
1496		-00:55:32,550 ~-~-> 00:55:42,810
1497		-then if we were to use this high to this low, and look at the consolidation of
1498		-price action, see the bulk of the volume in there, you're not seeing that, okay,
1499		-
1500		-302
1501		-00:55:42,810 ~-~-> 00:55:53,490
1502		-now, look how much time the the institutions were given the opportunity to get
1503		-short in here, before the big move drop, versus something like this. If you just
1504		-
1505		-303
1506		-00:55:53,490 ~-~-> 00:56:05,040
1507		-do this, retail, okay, gets one to three chances. Maybe if you want to count
1508		-this here, how many times you really want to hit that it's 62. And you know,
1509		-
1510		-304
1511		-00:56:05,040 ~-~-> 00:56:13,200
1512		-you're probably not going to do it, you're going to want to get up here and
1513		-deeper, and get some kind of a better fill. That's not what I'm doing. I'm
1514		-
1515		-305
1516		-00:56:13,230 ~-~-> 00:56:30,960
1517		-looking for reasons to justify this openly and outwardly to the public. But many
1518		-times my personal trades are framed with what would otherwise be seen as no
1519		-
1520		-306
1521		-00:56:30,960 ~-~-> 00:56:43,140
1522		-basis whatsoever, but there is a rhyme and reason behind it all. Look how much
1523		-time price spends in that 62 to 70.5 level, right in here. Lots of opportunity
1524		-
1525		-307
1526		-00:56:43,140 ~-~-> 00:56:52,350
1527		-to get short there. And then finally, boom, to be Cavan. And you have your
1528		-targets, boom, 60, I'm sorry that target two hits it, but also reaches more
1529		-
1530		-308
1531		-00:56:52,350 ~-~-> 00:57:03,270
1532		-specifically for the 1850. Price wants to go to these levels, folks, it's not
1533		-random. Now, obviously, I did not give you do this every single time I've given
1534		-
1535		-309
1536		-00:57:03,270 ~-~-> 00:57:15,150
1537		-you an idea, because that's what started back in July 10. of 1994. This is what
1538		-I wanted to start looking for evidences of. And it just so happened that it
1539		-
1540		-310
1541		-00:57:15,600 ~-~-> 00:57:25,380
1542		-provides a wonderful opportunity to also segue into answering in addition with
1543		-greater detail why Fibonacci is shouldn't be so forced on swing highs and swing
1544		-
1545		-311
1546		-00:57:25,380 ~-~-> 00:57:33,510
1547		-lows, because that's not the that's not the magic behind it. Okay. And the
1548		-reason why the Fibonacci is even showing a willingness to have a profitable
1549		-
1550		-312
1551		-00:57:33,780 ~-~-> 00:57:42,480
1552		-signal, if you want to call it that. It's just using a reference point of
1553		-overbought and oversold. That's all I use the Fibonacci for. I don't need it for
1554		-
1555		-313
1556		-00:57:42,480 ~-~-> 00:57:51,300
1557		-anything other than that. So I go into great detail about that in the
1558		-mentorship. But if you want to trust the fact that the Fibonacci does all the
1559		-
1560		-314
1561		-00:57:51,300 ~-~-> 00:57:57,540
1562		-work, but you want to use it like this, and have the daily buys understood, then
1563		-that's fine. You can be a subscriber in that view and it won't hurt anything,
1564		-
1565		-315
1566		-00:57:57,570 ~-~-> 00:58:06,720
1567		-it'll still give you the same result. But I know some of you are just really
1568		-really keyed up about wanting to know everything there is that I know and these
1569		-
1570		-316
1571		-00:58:06,720 ~-~-> 00:58:17,820
1572		-types of concepts and things they get taught only in the mentorship so and you
1573		-will be able to see a lot of opportunities that would otherwise evade you. And
1574		-
1575		-317
1576		-00:58:17,820 ~-~-> 00:58:20,040
1577		-until next time, I wish you good luck and good trading