ICT YT - 2017-12-09 - ICT Weekly Recap and Table Talk Session - 111717.srt

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ICT: Okay, I want to do

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right away, when you look at moves like this sudden reactions in price leaving
consolidation like this, I like to see that because it shows a willingness on

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the part of smart money. And that means the deep pockets, okay, the folks that
really know what's likely to happen, and they're going to be more apt to be

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right.

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This entire move here, I was anticipating this whole move up. Now I was not
long, I didn't participate in thing going long. But I did anticipate it rallying

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up and leaving this consolidation. I'm not going to go into great details of why
I believe that. But I believed it was going to go up to a specific price level,

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and it didn't make it there. Which is a reason why I had to sell short, a lower
price below this consolidation I'm going to show you on the monthly chart is why

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I was wanting to sell at a much higher price. Not much higher price, but it's
still high enough. It didn't get there just put that way. I was waiting for it.

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And I thought I'd get it but it didn't happen. So what I'm gonna do here is I'm
gonna give you some secret sauce. And don't go on Facebook teaching us and don't

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be putting on your charts. And sounds good. This is a ICT bearish order block.
It's the last upclose candle on a monthly chart. Okay, and I want you to take a

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look at the level here. 119 oh nine and 118 19. Okay, that's a range of 90 pips.
Okay, so if we divide that in half, it's 45. You add that to the low here,

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that'll give us some middle point price of 118 64. Okay, so I'm going to put on
my chart 118 64. And, like always, it never gives me that particular price

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level. All right, so we have our level, exactly in the middle of the bearish,
monthly order block. So I wanted to see price trade up to that level. Okay, so

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now with that in mind, I was waiting for that, and I would have solved that
trade to it. Let's go into a 15 minute time frame again.

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Okay, you can see it just fell short. And now I was watching it. And I'm telling
you, if I would have had an opportunity to do a gentleman's wager. I knew in my

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heart that it was probably gonna hit that level and had it hit it, I would have
sold short right there. But it didn't happen. And it collapsed rather quickly.

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This consolidation kind of look like this, see how it was consolidating here,
okay, this whole sideways price action, but it was starting to do that all on

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here as well, in price took off. So I in my mind, I'm thinking this is gonna be
a false break. Okay, it's going to go up to go down. Okay. My tutorials go into

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great detail about how to see these types of things. But for now, I just want to
kind of recap it, not trying to do 1200 hours worth of tutorials and I have a 20

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minute video. But price, I left this consolidation rally fail to get to my
level, I wanted that level didn't give it to me. So I had to adapt. And that

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means I had to be very close to this consolidation to begin to be given a
optimal entry. I felt that because of these equal lows down here, there would be

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a lot of sell stop liquidity, or a liquidity pool. Okay, so I knew I wouldn't be
a seller up around 60 fours and I want to buy them back below here. That was the

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trade idea that was the model I used. Okay, so while we were close to the bottom
of the range, I just simply went in at the market and that's the fill I got

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okay. And you can see the exit. It was a beautiful punch down below. These equal
lows, now I didn't get the absolute low. And in fact, if you look at what

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happened, it went a little bit lower. And I don't care, I have no, I have no
care about being absolutely perfect. I just need to have that piece of the

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market move a couple times a month, and I'm okay with that. The concepts that I
teach, provide you precision in terms of direction, and the most likely high and

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the most likely low, but I am not trying to promote the idea that you're going
to get that, okay. Don't do that. And the folks in the mentorship know that I

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teach the same way there. Even though the tools will help you get really, really
close to it, do not try to operate and execute with that in mind. Because you're

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still gonna screw it up. And you're gonna read it wrong, are you just gonna, you
know, greed and fear and all that stuff's gonna still weigh on you, you're gonna

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do it wrong. So that was the mechanics behind why I did that short there, I
wanted to get a better price. And man, if it would have hit that I've been like

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legend this week, but it didn't happen. So nonetheless, this is where the Euro
is trading now. Not bad in terms of where it is, on a grand scheme of things for

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the weekly range. See what we got here for a week. So it's, it's kind of it was
kind of close to the weekly high. But you know, it is what it is. I did not

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participate in any I got a lot of people ask me that I do any of this stuff. No,
I didn't do any of it. I wasn't able to participate. I was watching other things

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for teaching purposes this week. I gave you SMP ideas and Japanese yen, which I
can't stand that pair. But I ended up nailing the high on that pair for the week

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as well. But no, I didn't participate at all. On a year ago, it was a beautiful
run. But you know, it is what it is. Seeking again, let's knock that out real

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quick. I said that we would probably see it run. And let's get off this one
minute chart and go into 15.

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All right, and here we are serious Monday's trading. And I felt it was
worthwhile to take a run above these equal highs, you probably see a reoccurring

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theme. And that's kind of like the intent I've been spending the last few months
with you. And I want to give you what the heart of my tutorials has always been

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trying to teach you. But you're always worrying about like, kill zone indicators
in your ADR indicators, Michael, you're all worried about the tools, instead of

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the concept, that that's where the money is made. Okay? It's not in these tools,
okay, because everything on here can be done manually. ADR can be done manually,

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the kill zones can be in fact, I'm gonna show you how I do most of my charts in
my journals. They're all doctored up, like I show the kill zone, exactly how you

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saw it today in the dollar CAD chart. That's how I want my charts to be
journaled. It's not that simple little line thing that usually sits down here,

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because to me, that's useless to me, I don't care about that. And I put it on my
chart so you all can see it, and be reminded that it's happening to signals

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happening to set up is forming the pattern during these specific references of
time and window opportunities of the New York open, or a London open or an asian

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session. Okay, and then there's London close. And there's also a New York kill
zone that I don't talk too much about, because you have to know what you're

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doing. Otherwise, they can hurt you. So the equal highs in here, I mentioned
this. And if you're watching this video, and it's months past when it was

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actually done, I don't delete my Twitter tweets anymore. I used to do it and
purge it. So however many tweets there is, okay, you're gonna have to scroll

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back to find it. But I promise you, I mentioned all these things at a time and
people can call me out as a liar. Right now on Twitter. If I didn't do it, it's

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there. You can go and see it. But I was targeting a run on the these equal highs
here. And I used that as a framework to set up this trade idea. And you can see

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I end up getting a very high tick. Very high tick of the end. The high comes in
exactly at 113 94. And you guys can go on Twitter and see all that stuff. Huggy

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screencaptures shots, all that stuff. But that's the actual high now what was my
low? What was I looking for for this week? I was looking for 112 big figure

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even. And I know you're probably thinking it's horse. Crap. I'm trying not to
cuss this time. But that's what I like. Looking for. And I'll promise you that

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if you go through the tutorials that is taught to you, okay, that part is
taught, you're not going to get it every single week like that. But when a week

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like, this has been for the end, it's pretty predictable. And we're not gonna go
into that. But I want you to look at the framework each day here. Each day,

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there was a trading opportunity. Not all of them were as profitable or perfect.
But there's a handful of them on here that did exceptionally well. And I'll just

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pull out one real quick. And yes, this is hindsight because I didn't do any
trading on the pair outside of this one over here. But if you look at what I've

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done, since I've been back on Twitter, I'm showing you pinpoint precision points
where I'm getting weekly highs, weekly lows, daily highs and daily lows, because

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I get a lot of flack from people saying that it can't be done. You know, don't
listen to that. Nobody can do it. And I was actually listening to Larry Williams

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on my drive home. I hooked it up to my car, I was listening to it through
Bluetooth. And one of the videos are actually I'll send you the link on Twitter

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after I'm done this, where he actually talks about how he doesn't feel certain
things that you see me doing, that is possible, and I'm doing it. So don't take

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my word for anything. Don't trust me, don't believe in me. Go into the charts
and see if it's real. Okay, that's all I'm asking you to do. I don't want you to

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have any faith in me Don't Don't believe me. Believe the concepts I'm sharing
with you because that's the market. But if you look at this particular day here,

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okay, previous day's low was here. There was gonna hurt the lipstick on it on
spent too much time on the video. Last time I did this. And they'll be coming an

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hour and a half video, it was full of all kinds, just obscenities and I want to
share that one. So I'm trying to be more civilized than that such savage

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anymore. But the high reading here we have a nice retracement. This is a
beautiful optimal trade entry. Now I'm not putting the Fibonacci on this because

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you should be able to see it without the high below and read in here. Now I'm
going to put it on here,

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after I've mentioned it, but I want you to get an opportunity to see it before I
put it on the highest bar open close in the swing high down to the lowest close

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or open. And it's this one right here. Okay. Beautiful delivery at 70.5. Okay,
wonderful. Would I have shorted it at that level? No, I would have shorted it

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right at 262 or just before. And I would have allowed my position to have the
risk from that point up to the high up here. And that may not fit your criteria,

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you may want to have a staff that's much smaller than that. And there's no
problem with that is going through a smaller timeframe. And zero in on this

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little area. Here it is wait for smaller one minute practice or the same pattern
of optimal trade entry, and you'll see it unfold. But selling short here aiming

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for the previous day's low. That's a wonderful opportunity right there. When we
can see that target two is in close proximity to that same particular level, it

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dips down below it and look what it does, it spends a lot of time hanging around
sideways. And then ultimately it breaks down sells off. We went down to a

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logical level that I'll teach you in another edition or supportive analysis
video for the mastering high probability scalping video, that's gonna, like,

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evolve. So I know why you're like give me snipers series and give me precision
trading concepts and put the trading plane video series up. I'm giving you

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something right now nuts and bolts. Because I already know what you're going to
do. You're going to watch videos and like you're watching Seinfeld reruns, and

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you're not gonna get anything out of it. So I'm giving you right now, something
you can do every single day. And I'm showing you every single day that I can

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find something every single day. Now I can do it because I know what I'm doing.
I've been doing it a long time. But I don't want you thinking that you can do

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that. I want you to say okay, what days of the week Can I trade. And I'm going
to focus on those days. And I'm going to try to find my 25 to 30 pips for the

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week and be content with that. I'm proving that it can be done. Now I don't
trade like this. I look for one good setup for the week. And I put what I'm

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reasonably comfortable with putting on risk. I put the trade on and I let it go.
And I manage it throughout the week. And that's my one shot one kill. That's not

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what I'm teaching. But I've taught you the bare bones framework for a really,
really killer scalping system. And truth be told, if you master just this, you

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don't need any of my other tutorials. You don't need my mentorship. You don't
need anything. This is enough. But some of you are going to be freaks and you

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want to learn everything I know and that's fine, but understand that what I'm
doing is I'm building on a foundation I've created in the last two months. with

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you. And I don't want to waste that foundation and steer off into other rabbit
trails, because I could very easily confuse you. And also inundate you with more

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information that's necessary. But just know that there's a lot of other
information that will help complement what you're learning now. All right. And

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again, I just want to prove that I was teaching works because I do it every day.
And you see the results of it. And you not only see me doing me see my students

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doing it, which is very encouraging as a mentor, but beautiful delivery of
price, down to 112. Handsome opportunities to get short, throughout the week in

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here. If you look at this one, right here. This is something that a friend of
mine, actually, it's local, he did this trade here, and argued with me why it

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shouldn't have been a sell off to go down below this long keep going down. I'll
say this. Okay. When you look at significant turning points, and I'm going to

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answer Tom Dante his response about what fibs should be done and what shouldn't
be done. Every swing low, and every swing high is not the same. In that just

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because it's apparent price went from like this low to this high, doesn't
necessarily mean that that's where you should put your fib on. Okay. So there

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are specifics and price action that I teach, not in free tutorials that will
allow you to frame your fib on the highest probable condition, high and low. And

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I say that, and I know some of you are not going to want to believe that because
it's sounds like secret sauce. And it sounds like a sales pitch. But you don't

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need that. I've already proven you don't need that. So while I can say it for
completeness sake, and also to respond to what other educators saying I'm not

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trying to be disrespectful, you Tom.

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But there is a science to the way I put my finger on it. And the fib isn't the
thing I'm actually trading on, it's just helping my students see a particular

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range in terms of overbought or oversold without an indicator that would be an
oscillator based on Okay, I'm just looking at in terms of a range of price

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range, because most of everything I'm doing as I'm trading inside of a noon,
definable price range, an old high an old low, and I'm using that information.

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And I trade with that. That's pretty much all I do for scalping. And I look for
some extreme to get to, to either, hopefully get very close to the higher low of

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the day or higher low the week. And that's all I try to do every single trading
day. Now, I look through your pairs. And you'll see just because one pair had a

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really, really good opportunity, one particular day of the week doesn't
necessarily mean that all the other majors had that same criteria, or that same

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pattern because it doesn't repeat like that. There may be a lag in one or two
pairs, where you may not get the setup that you were looking for on princess

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that cable. And it doesn't happen for you, all of a sudden, you get it in cable
a day or two later. And there's nothing wrong. Don't try to force it, don't try

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to fight it. Sorry about that, and tickle my throat. Alright, so we got the
cable is next in our round up. And then we're going to do dollar CAD and now

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complete our presentation today. So this is not the teaching thing. I got one
more thing for you tonight, where I've mentioned earlier in the week, I found a

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journal entry ahead from 1994. And I think you'll like that, but this is the
pound dollar. Okay, and I gave you a short little video on Twitter, okay, I'm

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trying to experiment with that, where if I can avoid making these long winded
videos, and give you like little snapshots throughout the day, I'm trying to

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master that, trying to get it down to like a 10 minute process where I can do it
quickly, boom, put it together, because I think it'd be a lot more useful

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because it's one thing to show you a static chart, and then have the you know,
the beginning of the entry points and stuff. Already already know some of you

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guys that don't like me, okay, don't believe me or don't want to know what I'm
doing. Or maybe you do like what I'm doing and you can admit it. But if you

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don't believe I take the trades. And I'm showing you videos where the actual
trades are entered and why it's happening and the mechanics of what it's being

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done. And I did that right over here with this one. It's hard to see in here,
but this particular trade right here, that's what I sent a video on Twitter. And

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it was my response to Tom Dante about, there's no necessity for fibs because I
was I was targeting the stops below here. If you look, I had the actual idea of

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where I wanted to get out at up here and ended up happening on a little bit
later in the day here with this move here. So the long and short if you have a

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opportunity to anticipate movement if you're looking for price to get to a. I
guess I'll just stick to it the theme I've been teaching since I got back on

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here, it's the draw. Okay, where is price going to be pulled? Where is it going
to be drawn to? Is there an opportunity to see a directional bias based on what

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you believe, with what I teach in terms of the tools is it going to draw a price
to a high or low or into a particular range. Now, in here, I felt that it was

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going to go up to that level, I thought it was going to go above these old highs
here, and reach into the area, see trading it here. Now, once it did that, it

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pull down and sorry, consolidate a little bit. And then I watched these equal
highs, the sitting here, I felt that we were going to move above that. Now

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again, same scenario, as I did with the euro dollar. I wanted to sell it up
here. It didn't give me the price. As much as I wanted it to go up there and I

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was seizing I wanted to trade there, because I wanted to hit it right as it hit
that price. And it didn't do it. So all I had to do was consider the fact that

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we made another run above the short term high now we this short term high. And
these equal highs here. And that in itself is a trade. You could have taken that

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trade here. And truth be told, if you would have done it, you probably would
have been stopped out. The only reason why that didn't happen for me, it would

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have happened for me and I would have suffered a loss, I would have been stopped
out.

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The reason why I didn't take the trade is that I wanted this price level. Why?
Because it's 20 pips above that's it this little blue shaded areas. This is 20

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pips of a price range. This is 10 pips. So anytime you look at your charts and
you see double tops and double bottoms, okay, don't feel trade empowered to do

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that. You're not empowered by trading off of that and finding resistance and
taking that as a short. That's not what you should be doing. Your mind should

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shift gears and say, Okay, I know everybody on the Internet and on YouTube and
everybody else on Facebook are going to have the idea that this is a double top.

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Therefore, a protective buy stop is safe to put above that or short position.
Well, what does that mean? It's going to be targeted in the market, we'll go

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into a attack mode. Let's put it that way. And being very careful about what I
say because I'm so relaxed the last almost, what, 14 months now, being able to

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say what I normally would say in my mentorship, I gotta be careful, I say, so
the bizstats Arena, but these equal highs that was a fish efficiently done here

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with 10 pips. But once price started running again, I wanted to see a punch all
the way up into 20 pips now could have went like 22 or 25 pips on like that. I

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don't care, I would have wanted at 20. And it would have been in and I was
anticipating this big breakdown in price. same scenario, like on the euro

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dollar. My I went right to where it's cleanly leveled off at lows, that's down
here. Okay, small little pocket of price action at sideways, everybody's going

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to see that and say, Okay, well, it looks like it's a safe spot to put myself
stop on my long positions. And price doesn't take long to go down there does it

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goes right to it clears it out. I sent you a chart on Twitter. Okay, and I gave
you the next area of liquidity, which is here. And I'll give you another one

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back here. Yeah, there it is. So, once I shared this opportunity that came to
fruition, I was trying to get you to think beyond this one when I had someone

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tell me they were not didn't tell me they were suggesting on Twitter and anyone
enticed to buy it down here. And I didn't want them to fall victim to that. So I

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just threw out the chart where this had the next sell stuff. So I wanted folks
to at least consider that and just be considered of it. Because that might have

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been painful if you would have just simply tried to buy it. So we ended up
coming back down here. If you remember this line here. There's the old low.

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There you go. They swept those same cell stops below here. And then look at the
reaction. That was in my charts on Twitter. I can't go back and you know, fold

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the fabric of time and space. Okay, I can't, I can't do those things that, you
know, time travel. I'm still working on it, but I just can't do it yet. It looks

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like sometimes. But those charts and his points of reference are on Twitter
already. And I don't have any manipulation of what Twitter has on air. I can't

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change what's shared on Mt. Four. When I create a chart from empty for it's
completely driven from their server and it's time and date stamped from the time

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I did it. So I can't I that's why I do it that way because I Don't want them. If
this is better, in my opinion is way better than trade view trading view,

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because it allows you number one, you can keep my charts, you can keep my charts
and study them, you can make your own notations is plenty of open space on

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there. Because I don't have any indicators or anything like that on my chart,
you can print them out and actually write your own notes. That's what I'm trying

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to encourage you to do. I just put on here what's salient for me? What, what was
the reasons why I took the trade so that I can share it with you. Okay, so look

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at the reaction here in price, it went right back to the area, I did my second
entry in midpoint of the overall range, essentially. But I'm not going to go

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into details of why sold short here, mentorship, we'll know why. But it's not
necessary. Up here, it was the optimal trade entry. Okay, another failure swing.

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And then ultimately, this one had not been able, well, had I been able to stay
home and be through the New York session, I would have left a portion on and

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open these limit orders up a little bit to get down here. But I couldn't watch
it. So Believe me, I was antsy cuz I couldn't wait to come back and see it

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because I knew the likelihood it was going to drop off. And I was hoping we
would get it down here. And it's probably a little bit too enthusiastic and

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ambitious on my part. But I certainly wanted to see it trade down there. But
this is the next one that was going to be taken. And that was about the end of

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it. But I would not expect it to do too much from where we are now probably
consolidate, rated going into the clothes. And the last bit of business, we'll

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look at

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the dollar CAD, I shared my chart and by way of my son, and I didn't have my
previous order I got in but another attempt to get long on dollar CAD. And I got

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stopped out on this one. So you guys can get a chance to see that. I know, look
like I'm giving you all the sugar, but I got some vinegar today. Let's see the

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fifth one. And I'm looking at the lowest close or open. That's what I'm putting
it on right here. I'm dragging it all the way up to the highest open or closed

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grade. There. Okay, so I have two reference points here. And here. As price
dropped down into optimal trade entry, this whole business is in here, this

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whole rally up. I was not a part of it. I had no participation. And I didn't
have any kind of prognostication, I didn't see it coming. I didn't care about

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it. I didn't worry about it. That's not what I was concerned about. What I
wanted to see was a retracement back down into here. Because if you look what

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this is, what is that? What's this in price action right in here. Double high,
right or double top. So I should be trained over a period of time seeing

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examples like this, if we see this, if it looks too clean, too perfect, too
precise. If that happens in price action, I like to see that and I draw little

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rectangles up around that area. And it keeps that reference point in focus
throughout the entire week. Because if I see it, and I get drawn into a

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discussion, or if I'm distracted by someone's questions, or whatever, because
I'm talking to a lot of people every single day, either by email, or by

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mentorship, or texts, or some of them actually call me and I'm constantly being
pulled away. If I don't keep proper notes on my chart, and then I'll lose sight

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of them. So in this example, what I'm referring to is if I see a double top like
that, all I do is simply that, that's it real quick, it's simple. I don't need

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to write any kind of notations in it, none of that business. Okay, I just know
that that is going to be a liquidity pool, it's got my stops above it. Now as

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the price action was dropping down, lower, lower and lower. Once you get an
optimal trade entry, I was thinking well, it might pop up here and clear that

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up. I was wrong. It rallied and gave me an opportunity to have paper profits but
then I was not paying attention to it here and it gave you another and gave me

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but equal highs just like it did here. All through here, completely unaware of
it what marching it came down, took me out. Once the response below here, got

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back a boat both below this low here. Once it started rallying again, all I have
to do is consider again that same equal high phenomenon when by stops are taken.

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But now we have a transition and we have buy stocks being taken. And this is now
a market structure shift and still still this is still in play. It's Sitting in

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your chart, it doesn't leave. It's right there reminding me that hey, look,
there's money up here, there orders. Isn't it reasonable to assume that someone

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went short here? I mean, I would think somebody has to be short there may not be
a lot of people may not be someone you know. But someone's reasonably short. You

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know, if prices down here, someone could very easily held that entire move, and
could be holding for longer moves. So if that's the case, and we see a break in

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market structure, and it's late in the week, well, what's most likely to happen
in my mind, they're going to take the position from them. So classic to what I

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taught you in the scalping. After seven o'clock, I'm sorry, this is midnight,
seven o'clock in the morning in New York, time is going to be here. And I want

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to kind of outline this as a way you guys can do the kill zones, as I do it, in
my journal, and this is seven o'clock in the morning, New York time, waiting

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here. Now I'm going to take the fifth off, take a picture mentally with what you
see here and get a view from it. And then also, I already already have pictures

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of it on Twitter, so you guys can use that. But I have this right here, I try to
move all this other stuff so you guys can see it clearly. So this is the seven

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o'clock in the morning, time for New York, the local time for me on the East
Coast of the United States. I'm in the state of Maryland. So I'm East Coast

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time. So whatever the time is in New York, it's my local time.

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So for this, this platform here, it's going to show 1200 is my 7am in New York
time, so that's what it looks like for me, what it means for you on your broker

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and where you are globally, I don't even know. And I don't want to have that
discussion. Because it's very confusing for me, and I have no shame in telling

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you, I've messed them too many people up in the past doing that, trying to help
them and I made it worse. So just know what it is in New York, time to figure it

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out on your platform, whatever, seven o'clock in the morning is New York for
your time locally and for your platform, and then you'll be calibrated. It's

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just that simple. Okay, so I can't help everybody because you're all in
different parts of the world. Now, what I have noted down here, is, this is a

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little notation I've made, it is not an indicator. In my opinion, this is so
much better than the MT four little time thing. Okay, it shows the kill zone.

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And the fact that that little line down here highlights the window beginning and
ending of the kill zone doesn't mean anything to me. I don't look like that what

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I'm looking at is a mine in my personal journal, my charts look like this. Okay,
what I'll do is, at the time of daylight savings time, for about two weeks or so

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I actually overlap when seven o'clock comes. And when 12 o'clock comes. And when
two o'clock in the morning comes where the London open kill zone is. So

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basically I'm saying is when Daylight Savings Time is in effect. And when it's
not in effect, I still use those reference points, the same, I overlap them.

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See, this used to be seven o'clock until we had the time shift for daylight
savings time. And then we did daylight savings, and it shifts it on this

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platform to here. Okay, so I keep it the same. And this is what I meant on baby
pips like I don't mess with daylight savings time. Because in this case, you can

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see that the setup doesn't really give it to you. If you use standardized
daylight savings time as it is right now in New York time, you actually are

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entering before the actual kill zone. But because I do an overlapping, I
compensate for that. So I've beaten the market makers many times using this

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application here with time and price. So that's why it's important to have
notations on your chart. That's why it's justifying here. And that's why

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sometimes when you look at my chart, you'll see there's a particular highlight
of a time window. And it may not be jiving for what you have on your chart. And

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it's because you're not incorporating to the compensation I've made for daylight
savings time or the lack thereof. Okay. So now, what I do is I just simply draw

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a little small little box, draw a little segment of price act or not price
action but segment of trendline and encapsulate the window of time that I think

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the signal is going to form. And I'd make a notation on my chart as to what I'm
looking at. This is daylight savings time, so it's adjusted for that. Now say I

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want to do this same thing. Say tomorrow was say was Thursday today, and we want
to be Doing the same thing tomorrow, all you have to do is go in here and go

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into the properties. parameters and change the 17 to an 18.

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And click OK. Boom, and it takes you and puts it right over here again. That's a
better Killzone to gas, it takes a couple steps. Why don't want to do that,

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Michael, I want to have that really cool smart looking indicator, because it
makes me look like I'm smart. And it's just a lazy man's approach. I wish I

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never would have used it or shown it because I get bothered with that indicator
more than any other one, even with an ADR because they think this is somehow

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lighting up something on my chart. And it's not, it's just highlighting the
dependency I have on time and price agreeing with one another. That's it. So

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what led me to believe that we were going to go up to as high as 128 26. I can't
tell you to kill you. But skin, if you look at the the lows, I mean, sorry,

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though, the highs over here. Okay. If we take that price range, and we take the
low, up to the high, and I take our fib anchored there, and just draw it up?

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Short, right up to the highest close. Okay. What's the level above this? What's
the next fib level? It goes to target one. Okay, so target one, we're gonna drop

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a line on that. Right there. We'll walk that out in time. Right here is a nice,
reasonable price level to get out at. Now, if you were buying long in New York

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open and got out there, would you be satisfied with that? Sure, anybody would,
it's no reason for you not to feel satisfied about that. But because that

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particular level, is what it is, it's 120 807 was like suggesting if we go
above, now, this is where tape reading comes in. Okay. This is the part that

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makes my stuff look way better than if anybody else uses a Fibonacci or kill
zones are order blocks, because they all try to do it. But there's things that

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you got to use that come by way of studying price action, these equal highs or
were below the 128. Big figure. So if we're thinking that it's going to go above

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these levels in here, what's it ultimately on, it's probably going to reach for
the 128. Big figure. So if that's the case, we go back down and calibrate our

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horizontal line to 128. So we're reminding ourselves that there's liquidity low
here, order flow. As I teach it, this is one of the barest bones, little pieces

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of nugget information you're gonna get from me, I'm going to amplify anymore in
this, but this will make you very consistent. And I've already told you already,

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if we are reaching up to a big figure, in this case, the big figures 120. If
that's likely to happen, your mind should jump immediately to Okay, it's

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probably gonna go 10 to 20 pips above the big figure. Now, if you just simply
take 10 to 20 pips above these highs alone, this is 10. Right there, and 20 is

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here. There's nothing wrong with that, that gets us really close to the reason
really nice. I mean, the bodies of the candles, you can see stop, rate the basis

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or not the base for the top of that 20 PIP range above these equal highs.
Nothing wrong with that either. If that's what you would have used to get out,

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no problem. I'm just a freak, I won't have insane accuracy where no one can
touch me, I want to be in a different level, I want to be another platform of

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accuracy and consistency that no one can come close to me. And that's always
been my driving passion in this. If you want that, then you have to incorporate

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the same 20 PIP range to that 128 big figure, right there. Now once you do that,
you take our horizontal line, drop it on, if you can get it to work for you, and

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drag it where it's supposed to go right there. That's pretty damn close. That's
another level 128 20 institutional price level. And it's done. Now you can see

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during this entry in the what is that New York, New York open yesterday, I was
wanting to get above this level here already. I never would have gotten it, but

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it would have been real close to it. I would have been short by Pip. So I would
have been really pissed off. If I would have missed all this down move, but

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captured the big question. To move, and I felt no conviction to hold for
anything higher. It only went a little bit more than I thought it would. I

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screencapture by way of a text and I said to my son said, Look, I need you to go
in there and just do a screen capture,

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push it to the Twitter, don't comment on anything, just send the chart to him. I
want him to see it as as it's happening. Well, let me show this. You can see

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what's happened since then, on my drive, whom I was watching it on my phone. And
I was like, man, I knew where it's going, it's going to go back down into the

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2750. Now, we've yet to get down there. But I think ultimately, that's probably
what it'll try to do. This is a TGI f trade, just like the cable traders. And TJ

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f will actually acts. I'll teach that to my mentorship. Next week. So on the
axiom won't be next week, it'll be this weekend. Preview. So yeah, you guys that

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are watching her in the mentorship. I'll teach you the TGF trade in our pre
market analysis that we have it. But the folks that are joining me next year,

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you'll have access to that stuff too. But nonetheless, you don't need that. It's
just another way of interpreting price action on a specific trading day Fridays.

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You don't need it. There's plenty of other opportunities in here. Wonderful,
awesome. With optimal trade entry for the New York session here. Breaking market

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structure as it was taught to you in a scalping. It's reaching for previous
day's highs 10 to 20 pips above and behind your eyes should go to equal high

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equal low. So that way, you know where the draw is. Okay. So the question I got
the other day was you How did you know that price was going to go up to this

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area? Well, that's going to come by experience, not every answer is going to be
so clear cut. And I'm going to be honest, some of the questions that are asked

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of me in the mentorship are just like that, too. And I respond the same way,
it's going to come with experience. Now there's a lot of rule based binary,

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thinking, it's this and then it's that it's this or it's that or it's this or it
has nothing to do. But there's some things that simply can't be communicated

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without the scope of experience. And that's going to have to come by your time
in this and I can't short net for you, I can't make it easier or less painful.

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Some of you are going to be more stubborn than the others. And the ones that
aren't as stubborn, will do better. They'll they'll learn faster, not be a

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better trader, maybe they could be a no, I don't know. But the point is that
some of you want the impossible to happen for you. And I can't make that happen.

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As much as I would love to be able to do it. And believe me, I think my
character and my personality shows you if there was a way for me to do it. Okay,

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and remove the necessity for experience and some of the things that you'll have
to learn by that very thing experience, I would be doing it. And since I can't,

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I don't know how to do it. It's what it is. And we can't escape that it's a
truth. It's truth. It's just anything You can't escape it experience is

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necessary. So I think that is going to do it for today. I don't wanna spend too
much time to make this a long, long winded winded video. But a couple of you

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asked about the Wii I did the other day, I did a live session. And I got real
loose with my tongue. And I said a lot of things I didn't want to do. And that

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was one of the things I said I wasn't going to put in my YouTube videos anymore.
So I was a little bit cool. Last time I did that. So hopefully this has been

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insightful to you and you've not been bored, or confused, hopefully brought some
clarity to what price has done this week. And I saw other trades I've taken this

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week. But you've seen them on Twitter. And they're pretty much straightforward.
But these are the highlights, these are the real nice ones that took place. But

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I tried to get the dollar Cad a little early, and I got stung on that one. But
ultimately,

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like last time, you know when I took a loss is expect the same thing to happen.
Going forward to set up set up the same way I use the idea where the markets

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most likely gonna go and I taught you the very easiest way to find opportunities
for that. How you know where the markets gonna go? Where's the bias? Where's

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this Where's that? It starts by understanding that daily chart, looking at an
hourly chart looking at old highs and old lows where they could potentially

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reverse and looking for equal highs and equal lows. Those price points are gold
mines. They are absolute gold mines. You cannot find anything easier than that.

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Double tops and double bottoms will get rated. Now they can sit in the
marketplace for a long time. A period of time, especially if you're wrong about

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your bias. For instance, I mean, if you look at the 15th, you know, it was two
days ago, you know, people probably forgot about that double top, but I don't,

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because I make notations on my chart. Now I have a completely isolated trading
station where I have my CPU, and I don't even surf the internet with that. I

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don't sign on to anything except for my data provider. I'm pulling from a
signal. And I don't do anything, but I use it for my analysis and trading. And

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that's it. Empty for it's on my phone, it's on my iPads, and it's on my laptops.
Okay. I have a couple laptops, because when I was doing mentorship, my son was

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helping me. And sometimes he would post charts for me, and they would not be the
same demo account. But they weren't, they weren't showing any any trades anyway.

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So I don't have a way for you to see my real setups, mark my charts and stuff
like that, because it's not through Mt. Four. I don't trade through Mt. Four, I

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don't use this demo account for this demo provider, like forex Ltd. is the
actual What do you call it? The broker for this, this data feed comes from them.

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The only reason why I've ever used forex Ltd, is because they offer the dollar
index. Now if I was willing to go through a pursuit of knowing another broker

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that provides the dollar index and maybe does the the bonds, and maybe does
commodities. And that would be even better. You know, I would look for that one.

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But it just so happens that this one was the first one I found. And I stuck with
it for years. Yeah, that's distinct. This is a good one to use. They have a

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problem sometimes with their data, they're pretty lazy with gaps in their price.
And I switched from them and used a demo account. I can't remember the name of

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the company. But my mentorship group knows if you know which one it was, you
want to tweet it to everybody, that's also one that did have I think they'd have

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the dollar index on it. But the long short of is that you want to have a
reference point and I'm not doing $1 index today. Because my charts have all

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mentorship notations on them. And I knew if I start talking about dollar, my
tongue is gonna slip and I'm gonna talk about things I'm not supposed to talk

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about. So you just have to take me for my word and just know that this is
enough. You'll need to see the dollar this everything that you're seeing in here

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is going to be the opposite for the dollar index. Okay, well, not so much on the
dollar CAD but for euro dollar and British Pound USD. Okay. And I think that's

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gonna do it. So hopefully, you've had fun this week, I had a lot of fun. It's,
it's really fun for me to be able to share this stuff with you guys point you in

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the right direction, and get you thinking about certain things. A lot of you are
really doing well. I'm encouraged as a mentor to see that happening. You're

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taking excess without me spoon feeding and that's been the whole point. Okay,
2010, I stepped out. And I said, Okay, I'm gonna have a social experiment. And

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none of you knew that you were getting pigs. You just, were just happy campers
is eating up every video I made. Loving the music, loving the content. Maybe not

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so much me. But still, it was entertaining enough for you to be engaging with me
every single trading day. I was giving a video every single day. It was meant to

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see who would learn this like I did. And no one did. I could have done it just
like this. From the beginning. I could have very easily sat down and said, Okay,

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here's a couple videos. Focus on this and practice. Okay. But that's not what I
wanted to say I need to I needed to be entertained by it. I that was the whole

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point. I was entertained by people on the forums that talk about things that
aren't what makes price move. And before I close today, I want to kind of like

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interject and say I saw the last tweet by one of the followers I have on
Twitter. And he asked the question of what makes the Fibonacci so powerful. And

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get your paper pad and get ready write this down case. It's one singular word
that makes that response. Nothing.

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It's an O t, h i n g. Nothing makes the Fibonacci powerful. Because price
doesn't care about Fibonacci. Fibonacci is not okay, the power that makes this

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stuff happen. It's understanding order flow. And it's not with Dom's and depth
of market and footprint and ladders and all these other things that are out

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there right now because they're limited in their scope. Especially if you're
gonna be trading forex, you're not seeing every order. It's at those price

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levels, okay. And when we see that kind of stuff, it's no different than when we
look at alanda. They have an order book thing, okay? And you don't know if those

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orders and They may not even be there. Okay, just like the footprint and the
Dom's and depth of Mark and all those things, they can be flashing things that

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aren't really there anymore. So what there's there's that that's not the same as
understanding, sentiment, and tape reading, that's essential. That's what makes

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me good at this. It's not Fibonacci, it's not order blocks. Order blocks is a
way for me to communicate it to you. I'm seeing something entirely different.

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Like, I know above these highs here, there stops. But it's not just above these
highs or at these highs. It's in grades of 1020, sometimes 30 pips, but you're

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not going to know that from looking at books and studying things and talking to
people on forums, because they're so well indoctrinated with indicators, and old

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school theory, that's always been there to promote misinformation. And it
probably doesn't, you probably don't want to agree with that you probably be if

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you're using stochastics and moving averages, you're making money, you're gonna
disagree with me. And you're gonna say, you talked to a guy on the forum, or the

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Twitter, and they say that they know a market maker, or they know somebody that
does this and does that or works at a bank and makes mortgages. He says that

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there's nothing like I'm saying in in the banking industry, and none of those
people even know what I'm talking about. Because they wouldn't. It's all the way

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up to the central bank level. That's where price comes from. brokers can't
manipulate price, except for just a small little sample size of a spread. Okay.

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That's the extent of the manipulation that could have a central bank. Since the
price, it's the high and the low. And they do that it's already pre determined

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how fast it gets to those parameters, high or low, the day is all based on
what's going to happen that particular day and how much liquidity is in the

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market at the time, no one's going to know that depth of markets not going to
tell you that, okay, no other theory is going to happen to tell you that order

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blocks aren't going to tell you that, okay, breakers aren't going to tell you
that speed is an undeterminable thing. Because that magnitude, net velocity is

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the unknown. I don't know if my trade is going to have rocket fuel in it. I know
when it probably can have that condition in it. But I'm more concerned about

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knowing where's it ultimately trying to reach for because even if it doesn't go
up there today, or go down there today. And everything remains true, like this

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dollar CAD trade. I tried to get it yesterday, and I was being real quiet about
it. Because I have a student of mine that is been killing it going short. And I

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did not want to upset what he was doing. I took the trade and it stung me. But
it didn't stay me today. I got the honey. So I want you to understand that if

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you look at the Twitter feed and look at the folks that are following me and
responding to me. They're sharing charts, they're sharing entries, okay. And

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I'll be honest, and I want this to be understood with sincerity. I know some of
you really like me. Okay. And I agree, I thank you for your respect. But some of

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you are actually faking your charts. And you're trying to show that you got in
certain areas, when you have orders, actually in new in the market. You won't

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see that price line up over here, it won't highlight you're using the actual
horizontal line like this. So when you're showing like, supposedly, you're

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getting long or short or your stop loss, they never highlight the price over
there. So if you want to, you know, you don't need to do that. Basically what

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I'm saying, Yeah, I don't, I don't need that type of stroking. Okay, I know,
just like, I can see that it's not real. My audience has seen that same stuff.

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And they're probably being very kind to you by not mentioning it to you. But
they're not really in the order. You're not really making those trades. Okay, so

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you might see how it's happening in price and in hindsight, being sighted. And
you want to throw me that, like, I'm gonna high five. Yeah, that's why I don't

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like those charts when they're shared with me, because I knew they're not really
they're

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the ones that have their charts and you can clearly see that they're really in
those trades. They're really in those trades. And I'm encouraged as a teacher

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teaching through a demo account that you're practicing the same things and those
signals that you entered on. On the the framework that I've taught in the recent

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series I gave you guys you found those trades all by yourself. Now the ones that
have done that some of you took the dollar CAD trade. I didn't tell you I took

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it. I didn't tell you how to do it yesterday. And I got hurt yesterday. It stung
me. It's a demo last but still it I don't like it. I hate it pisses me off. I

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was wrong. But nonetheless. I'm not spoon feeding you setups and yet some of you
are absolutely Doing what I've asked you to do, do the work step out there. So

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when we have the Fibonacci on there, we're not using the fib for an entry, we're
using fibs to draw our attention to specific levels, just like when we have

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equal highs. And I told you to use that little rectangle idea to draw a little
notation, keep your focus there. Okay, that's what you should have on your

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charts, those types of markers, not indicators and moving averages and all those
types of things. You don't want to have that on your chart at all. Because it's

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going to distract you from price. And I have folks asking me, you know, why is
the thing I really like, in terms of the color, because I, that's the least

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thing and interest to me. a confluence of these levels, that's what I'm looking
for. I want to have an overlap of several things suggesting that an entry is

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possible, and that it has the likelihood of being profitable. And also the same
thing with my exits, especially with my exits, because that's my weak spot, I

331
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don't have a satisfaction in my exits. And I know it probably sounds stupid,
because you see what I'm doing. But I'm not satisfied with that, like I need to

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have something that's consistently delivering, where it doesn't morph. And it
takes a lot of tape reading insight that I've gained over two decades to get

333
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that. And I have not yet found a way where I can say, this is an exit strategy
that works uniformly where like, you can see my optimal trade entry entry

334
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pattern, and it's pretty straightforward. It's a market structure break. It's a
specific time and kill zone, and then trades down to a 62% retracement level.

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That's my, that's my approach. That's it. You know, that's not anything that you
can change around make it mysterious. If we looked at the cable, right now, if

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we looked at this particular pair, your I should go right to all of the even
highs and even lows. Okay, that's what you should do. That's your first I guess

337
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crash course on looking at order flow. Because the market will very repetitively
very consistently go right to those reference points and price action. Equal

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highs above here, you want to be getting out there. Okay. I know it's hard to
see me zoom in right here. This exit point, I'm getting out ahead of this high

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because I don't know if it's going to break when I'm when I'm in this trade. And
it's reaching for equal highs I want to get out of that at or just below it. And

340
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that was my first portion of that exit. Now I did this on a short little video,
but it's not based on fib. It was based on orders that were resting below these

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equal lows. And you saw that in that little 45 second video price dips down as
it was going down I was buying it which doesn't make sense to retail trader

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because they want to see it going up to be buying I'm buying it as the sell
stops are activated because there's sell stops you're going to be market orders

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to sell at the market and I want to pair my entry of buying with willing sellers
just as well is that is very generic. I need to have my exit strategies like

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that and I have yet in 25 years not been able to do so. And that is what I'm
working on. And that's my masterpiece. If I can finish before I leave this earth

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and the exit strategy that I'm satisfied with then my legs complete. Yes, I have
struggled man I have struggled with this. My entire trading career I have not

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been satisfied with it because it depends too much on my

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experience reading the tape and reading the tape is a way of reading price.
Because we before we had electronic trading and such, we had to follow it on

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quotes. Okay, and I had a quote track machine which is like a big old handheld
device like a transistor radio, but kind of thing I couldn't trade from it. It

349
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was just a quote machine. We're just getting the quotes all day long. And I
could read the tape and I could read the daily range based on what the quote

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high was what the quote low was, and I would make notations what the highest
high was each hour and what the lowest low was each hour. Now when I was being

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bullish on s&p 500 or the Treasury markets, which is my two predominant markets
I was trading back then as commodity trader I would know based on where has

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traded and where I had predetermined highs and lows on the day. And they were
just for floor trader numbers. Okay. And while they worked phenomenal, and they

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still work phenomenal in futures markets, there are far more reliable things in
forex, that transcend everything else that's out there in terms of accuracy. And

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the folks in my mentorship know exactly what I mean, when it relates to the
dollar CAD, the dollar CAD, that level that, that high form that I was off by

355
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one, Pip. So yeah, and look where it's trading at now. Now, I don't exit there,
I didn't exit at the high, I want to get out at that price point, as I'm, as

356
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it's moving towards it. But I want to be doing that type of thing all the time
in my exit strategy. My hope is, this is my, this is my real inspiration here.

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If I can get a large number of you, knowing how I trade, I'm confident that
someone like me, that takes my shortcoming because my mentor, Larry Williams, he

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said his weakness was one big bullish days, and he couldn't understand how
buyers buy below the opening price. When it's up close day. It couldn't figure

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01:01:18,360 --> 01:01:32,910
it out. When I learned from his training, video concepts, and you books and
such, and he had made remark, and some of you that's been with me for a long

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time, you already know, I'm going to say, but you're gonna have to hear it
again. Sorry. He's his strategies. And if you study his stuff, he's never buying

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down here. He's never been he's never a buyer down here. He wants to see it
rally to a certain point. And then he'll buy. And I tried that stuff. And it

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doesn't work well, for me, it never worked for me, it would always come back hit
my stop and knock me out. And then maybe sometimes it did rally later on. And I

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was not in the mood. So he was very honest, in his statement that his actual
words were I wish I knew him saying that, in his words. He wished he knew just

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the zip codes of the traders that were able to buy down here. Maybe that would
help him because he couldn't figure out how to do that. And that authored me

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because I looked at this guy like the Babe Ruth of baseball, you know, he's like
the you Muhammad Ali of boxing. This is the man. I mean, this this guy saying he

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can't do it. What the hell's wrong with this picture something wrong. So because
I'm obsessive compulsive, and because I have a superiority complex, like, I have

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to be the man. Okay, and I'm being honest with you. So I took that as a personal
challenge. If I'm going to carve out my niche in this industry, I'm going to

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figure out that conundrum. And I'm going to figure it out. Because the man
that's done what nobody else has been able to do. It admitted publicly, that he

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can't do that. So I made my life's passion, figuring out what makes this part of
the daily range, create the low the day. And because I only want to be a buyer

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there at that opening price or below it. Now, you can't do that when you're
doing in New York setup, because it's already going to be inside that range up

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01:03:19,860 --> 01:03:34,320
here. But I had spent half of my career just dialing on this. So for the last
eight, well known as much closer to 10 years now 10 years, I have been

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consistently destroying the markets that I trade in this area. And I'm doing it
consistently over and over and over and over. And it's repeatable, and it's

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teachable, because my students are now doing it too. So I have never had the
privilege and I want to try to do this one day. I don't know how to frame the

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conversation is that I'm gonna come across as an arrogant jerk. But I want to be
able to sit with him and say, hey, look,

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this is what I've done as a result of you not being able to teach it to me, you
still were the inspiration behind it. So why I say this to you is not because

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I'm better than Larry Williams. I'm not claiming that. Okay. What I'm saying to
you is, by me teaching as the role of Larry Williams was to me, I'm like your

377
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Larry Williams, I'm sharing with you an inability for me as a trader, to come up
with a strategy that is consistently uniform, where it doesn't deviate. It's the

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same way of doing it all the time where it's cookie cutter, like my entry
strategies are cookie cutter. It's real easy. It's the same stuff. I have

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struggled with framing my exit strategy, where it's the same way I don't have, I
don't have the capacity to do it. And it's been frustrating for me. So I'm

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hoping that I can get a large number of you trained to see the things that I
know and able to execute on if you're able to do that. thing I'm hoping, and I

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believe this, oh, heartily, I believe it, that there's one if not more of you
that are going to use your intelligence and your passion for this. And you're

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going to find a way of using what I do to create a uniform exit strategy that
will satisfy me, not because, you know, I need it, I don't need it. What I'm

383
01:05:24,449 --> 01:05:35,399
doing is enough, but because I have OCD, which is obsessive compulsive disorder.
I wrestle with this all the time, I'm never satisfied with it. And it's a

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weakness, it's absolutely a weakness. But I tell you this in my tutorials, not
to demand it, but I suffer with it. Because I've always had this, I've always

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had this problem. And it stems from not having parents that really gave too much
concern for me, I was raised by my grandparents. So I've always struggled for

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01:05:58,739 --> 01:06:11,309
this sense of accomplishment. and adoration. I've always wanted that, I needed
that. So this industry, it has supplied that for me. And I get that that's the

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01:06:11,309 --> 01:06:20,399
reason why I do all these videos. That's why I do all the teachings, because it
supplies what I have a hole in, in my life, that doesn't feel no, I believe in

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01:06:20,399 --> 01:06:29,639
God, he does fulfill a lot of those things. But there's still that little itch
that can't be satisfied because my parents weren't parents to me. And I know who

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they are, but they just never weren't what I would have hoped them to, to be. So
I have to do things to feel, I guess, satisfied. And I can't beat this one. I

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just can't, I can't like it. So my colon, my whole inspiration behind all this
stuff is I know how it worked for me. Now, Larry wins by never knows who I am in

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regards to figuring out that that little mystery if you had a Bible of the
opening price, and I'm sure there's a whole lot more people out there that do it

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that just don't care, talk about it, they just stay home and do it. But I want
to be able to say this is what I did. And because no one taught it to me, I

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figured it out by studying and studying, studying, studying, and figuring out
certain things that take place in the marketplace for manipulation purposes. But

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you can do all the manipulation points that usually take place, but it ain't
gonna end up knowing where the high low is going to be at. You got to know other

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things. And it comes by looking at charts for a long time and seeing things over
and over again. But I will say this as it relates to the euro dollar. And I hate

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the fact that I'm bouncing all over the place right now because of the
disruption I had earlier. Took me off my train of thought I had a group going

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and I mentioned this in the previous live session I did. And it based on wycoff.
The folks that don't really care too much about me, they like to have their

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01:08:04,679 --> 01:08:16,409
little jabs at me whatever. And they say that what I teach are regurgitation and
repackaging of other things. And they don't listen, when I've been very candid

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01:08:16,409 --> 01:08:27,719
about the folks that had a part in my development over the last 25 years.
Largely it's Larry Williams and George ngl for s&p 500 trading. Ken Roberts was

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01:08:27,719 --> 01:08:36,419
the guy that got me in the business of trading and he first person I learned
from and I learned perfectly as you would expect how to lose money, and I lost a

401
01:08:37,349 --> 01:08:51,899
good chunk of my first trade. My Account was you smashed on an option. And y'all
mostly know that story too. But my mentors have been les Williams, George and

402
01:08:51,900 --> 01:09:00,360
Joe, Linda raschke and Larry Connors with the street smarts book, john Murphy,
with his intermarket analysis book and his technical analysis of the financial

403
01:09:00,360 --> 01:09:07,590
markets. Those two books should be in everyone's library. So there's three books
right there right away, you should know and have how I made a million dollars in

404
01:09:07,590 --> 01:09:15,240
commodities last year by Larry Williams, that book should be in your library. To
me, I think that's the only one you'd ever need. Because it gives you a lot of

405
01:09:15,240 --> 01:09:24,060
the core concepts that I started with as a commodity trader. And it does segue
into trading currencies, because there are, there's foreign currency, futures

406
01:09:24,060 --> 01:09:36,120
markets, and you can trade those rather consistently to the same stuff I'm
teaching. And then Chris Laurie helped me with the Asian range. I understood how

407
01:09:36,120 --> 01:09:46,980
to trade the midnight opening price, and I used it the same way that I applied
the Asian range. So when I seen Larry, Larry, with Chris Lori's work from forex

408
01:09:46,980 --> 01:09:54,630
mentor about everything from forex mentor years ago, just to see what everyone
else was doing. And I had already figured out what I wanted to do. But Chris

409
01:09:54,630 --> 01:10:03,600
Laurie was the only one over there that nobody is talking about. And I'm not
trying to be disrespectful, but this is the truth. But he mentioned in some of

410
01:10:03,600 --> 01:10:14,880
his pro traders club stuff, which I think is good. If you're going to look for
another service or another medium in terms of learning, you're gonna have to pay

411
01:10:14,880 --> 01:10:26,010
for it now. But I think that I don't get anything for you can ask Chris, I know
nothing about getting kickbacks or whatever. But the his material is price based

412
01:10:26,580 --> 01:10:37,260
in nature. And you're gonna have to dig around around a lot in his stuff. But
it's still useful if you're going to be really studying hard. But he talked

413
01:10:37,260 --> 01:10:44,850
about this Asian range. And I felt that it was a, you know, is an interesting
concept. I didn't know about it before meeting him. And not that I met him

414
01:10:44,850 --> 01:10:57,930
personally, but you know, before meeting his content, but I studied it, and I
started approaching it with the same ideas I used for the opening price at

415
01:10:57,930 --> 01:11:09,930
midnight in New York. Because that theory is how I, if you saw any of my work, I
did explore the Asian range. And that was a specific tutorial, all I was doing

416
01:11:09,960 --> 01:11:22,590
was teaching in the opening range concept that I use at midnight opening price,
New York time. And what I did was, as an s&p trader, I'd look for a move above

417
01:11:22,590 --> 01:11:29,130
the opening price when I was bearish, and I'd sell it. It's the Judas swing,
boom, it's done. So when I was bullish, I waited for it to drop down, and I

418
01:11:29,130 --> 01:11:39,630
would buy it. And that's it, I will, I will trade globex like that overnight.
Very, really consistent. And I did the same thing with the s&p 500 futures

419
01:11:39,930 --> 01:11:46,860
market at 930. In the morning, New York time, if you find the opening price, if
you're bullish, you wait for it to drop down below the opening price and buy it

420
01:11:47,370 --> 01:11:54,840
and wait for it to give you a nice little rally. And all I was trying to do is
make two handles if I can get three handles in a day, I was killing it back

421
01:11:54,840 --> 01:12:02,250
then. Now look at we got in terms of a daily range. Now. It's ridiculous.
They're near. They're all over the places. I mean, sometimes just 3030 handles

422
01:12:02,250 --> 01:12:15,600
in a day. And that's considered a low volatility day now. So. So as Chris Laura,
he's a mentor. But then early, teaming back in America Online days, there was a

423
01:12:15,600 --> 01:12:33,480
gentleman that was monitoring wycoff in price action. And, truth be told, that
was when I was a troll, because I was suffering from the illusions of grantor

424
01:12:34,200 --> 01:12:47,010
because I had had the unfortunate problem of making a lot of money on stupidity.
I was getting very, very lucky back then. And I thought I knew everything. And I

425
01:12:47,010 --> 01:12:52,950
didn't know really anything at all, except for buying in a bull market. And the
bull market was a no brainer. They were like commercial bull markets, they were

426
01:12:52,950 --> 01:13:00,900
just going straight up, and there was no skill involved. And you could have
bought any commodity back then and it was making your money. So I say that to

427
01:13:01,170 --> 01:13:02,400
remind everyone that

428
01:13:03,510 --> 01:13:10,380
when I first cut my teeth in this business, I was a loser right from the
beginning, then I got in contact with Larry Williams because of a mailing about

429
01:13:10,380 --> 01:13:19,200
his stuff. And then when I started using his information, then it was
profitable. And to a degree that kept me inspired to learn more and more and

430
01:13:19,200 --> 01:13:28,500
more and more and more. Once I got deeper in his stuff and realize he does a lot
of things mechanical and stuff. I knew before he admitted that he isn't a good

431
01:13:28,530 --> 01:13:38,160
trader, he's a good system follower, and an awesome money manager and he can, he
can use money management, you with a really poor delivering system and be

432
01:13:38,160 --> 01:13:48,210
profitable. That's the real holy grail, understanding how to manage your money.
If you can find a system that gives you a positive reaction, you know, it's

433
01:13:48,210 --> 01:13:57,330
measurable, it repeats, it doesn't have to repeat a whole lot. If you have the
right sound money management approach, you can do exceedingly well. And Ralph

434
01:13:57,330 --> 01:14:05,610
Vince and Ryan Jones, if you want to look at that kind of stuff, they're kind of
pricey and really dry in their content. But for money management ideas, in

435
01:14:05,610 --> 01:14:15,870
theory, that's that's the spot that you want to look at that, because that to me
is like the science behind money management. Again, it's not easy reads, but

436
01:14:16,110 --> 01:14:26,160
that's the real bones of it all. But this guy was on the forums on America
Online. And he was discussing wycoff. And if you've never looked at wycoff do

437
01:14:26,160 --> 01:14:33,570
it. Because I get a lot of flack from people that Oh, what's the markup phase
and markdown phase of wycoff? That's it to Mike Michael Michael's market maker

438
01:14:33,870 --> 01:14:45,120
by model so model Oh, it's this wycoff and just ignore Michael and go through
wycoff Okay, go through that and study it and then come back and look at what I

439
01:14:45,120 --> 01:14:53,790
teach when it comes to market maker buying so models, because I make it
precision I understand before it actually creates the markup I already know I

440
01:14:53,790 --> 01:15:01,020
know what's going to happen. So you have to wait for this thing called a spring
to happen in the wycoff already know this Bring is going to happen before it

441
01:15:01,020 --> 01:15:12,210
happens sometimes days before it happens to the price level before it happens.
Like I, I'm, I'm sick with this stuff, it's, it's insane how predictable it is

442
01:15:12,510 --> 01:15:24,120
when you throw away everything else, but I will say this and I was a troll on
America Online to this guy because I was losing my money trading what I was

443
01:15:24,120 --> 01:15:37,920
using in my own trading. And this was in 1990 1999, right transition into 2000.
And I was getting really, really heavy with my positions, and over leveraging,

444
01:15:38,250 --> 01:15:48,210
and sometimes not even using a stop loss, admittedly. And I felt that I knew
more than I really did. And this guy got online, and he was teaching wycoff. And

445
01:15:48,210 --> 01:15:57,510
because of the terms, if you read wycoff, you'll know what I mean by it's like,
crack the ice, jump the creek spring, these are all terms that I remember

446
01:15:58,110 --> 01:16:06,360
hearing him, say it not hearing him say it but reading it. When hearing other
people talk about it. You can go on YouTube and watch people talk about the

447
01:16:06,360 --> 01:16:17,880
wycoff markup phase and mark down phase. And there was a guy on baby pips that
did a lot of work with the wycoff. But subscribe to it to a degree that I felt

448
01:16:17,880 --> 01:16:26,700
as if he would just loosen up his hold on it. He'd be a far better trader, and
he's still over there, you know, what, his threads or whatever. But I don't

449
01:16:26,700 --> 01:16:37,350
believe that that was the answer either. But it helped me see something I saw in
price action, which were these ramp ups and price that were really just

450
01:16:37,350 --> 01:16:49,800
engineering, selling opportunities. And once I submitted quietly in the, you
know, the quietness of my aunt's bedroom, which I was paying room and board

451
01:16:49,800 --> 01:16:59,220
living, and I was secretly studying much like I knew my trolls are doing my
stuff, they don't talk about me. Okay, but I know they're watching my stuff. And

452
01:16:59,220 --> 01:17:09,360
it just hasn't sunk in yet. It took a long time for me to swallow the bitter
pill of being wrong about what the general theory was of wycoff. Because the guy

453
01:17:09,360 --> 01:17:18,900
was really ahead of his times. Now, I don't know, personally, if he was a good
trader, because I never cared to know to study him that much. I just know that

454
01:17:19,290 --> 01:17:28,680
it confirmed something I saw in price action. But I had already worked out the
idea of the buy model on this side here. Okay, or the buy side of a sell model,

455
01:17:28,740 --> 01:17:38,190
this would be a market maker sell model. This whole business here is not going
to be a science from a white cop standpoint, you're you're going to look at a

456
01:17:38,190 --> 01:17:49,320
lot of the things that wycoff teaches or suggests. And sometimes it's there. And
sometimes it's not. In a ICT market maker buying on some level, they're there

457
01:17:49,350 --> 01:17:58,260
every single time and it's at a specific price level for a buy or sell and re
entries. It's to a science and

458
01:17:59,070 --> 01:18:08,640
wycoff does not delivered that, in my opinion, I had to compensate for that.
Just like I had to compensate for Larry Williams, misunderstanding or lack of

459
01:18:08,910 --> 01:18:15,570
caring, I guess I don't know, if he just didn't care enough to do I'm sure he's
not stupid, he could have figured it out if he wanted to. I think he's being

460
01:18:15,570 --> 01:18:24,510
facetious in a way, maybe he doesn't know how to do it. He's just never wanted
to give it publicly I don't know. Okay. But the point is, I have looked at

461
01:18:24,690 --> 01:18:34,530
opportunities and other teachers, and I listened for them to say where they're
weak at. And most of the time, you don't ever hear a guru, mentor, teacher,

462
01:18:35,280 --> 01:18:45,660
educator, whatever, whatever you want to call it, okay? You never hear them
admit where they're weak. And I think that's a disservice not only to them, but

463
01:18:45,660 --> 01:18:56,100
it's a disservice to their students, because it provides a wonderful opportunity
for their students to go beyond them. And that's what I want, I want my students

464
01:18:56,100 --> 01:19:07,410
to be better than me because I have a vested interest in it. Because I know that
by the numbers, if I can get as many as you they're listening to my voice, to

465
01:19:07,410 --> 01:19:17,280
learn what I teach, you will help me fix the thing that I need in my exit
strategy. And then I'll be satisfied. Because right now I do the same stuff all

466
01:19:17,280 --> 01:19:26,100
the time. And the only thing that always leaves me dissatisfied, is the exit
strategy. And they're good exits. They're great exits, if you show with anybody

467
01:19:26,100 --> 01:19:34,950
else. They're like, man, what's wrong with that? It's not what I want, because I
have to work for the exit strategy. And if folks in the mentorship, you ask them

468
01:19:34,950 --> 01:19:41,670
point blank, they'll tell you this is the same thing. I say to them, too. And
it's frustrating for me, because I want to be able to say it's black and white.

469
01:19:41,700 --> 01:19:50,970
It's this or it's that and I can't define it, where it's like that. My entries
are very definable, and they repeat, they're just very generic things. But the

470
01:19:50,970 --> 01:19:58,260
exit strategy, you know, there's, I mean, folks know about central bank dealers,
rains, they know about flower they know about the Asian range. They know about

471
01:19:58,530 --> 01:20:10,050
Fibonacci, but There is not a science to it, where it always repeats to the
right level all the time. And that is one of the things that the trolls are

472
01:20:10,350 --> 01:20:21,720
right about when there is ambiguity in that, because I have to rely on my tape
reading, inexperienced to do it most of the time. Now, you can use what I've

473
01:20:21,720 --> 01:20:31,380
given you for the scalping. high probability scalping concepts series, I just
did three videos. There's right now there's four views. Some of you are not

474
01:20:31,380 --> 01:20:39,510
aware, because you're waiting for the video to pop up on YouTube. But there's
already a video there. But it's going to be unlisted. Because I want you in the

475
01:20:39,510 --> 01:20:47,190
forum. I want you engaging there. Because I don't let anybody comment to me on
the forum. I'm sorry, no forum, but the YouTube videos, I've disabled the

476
01:20:47,190 --> 01:20:54,330
comments because most the time, it's other websites or, you know, people
spamming, saying, you know, check out this binary system or whatever. And I

477
01:20:54,630 --> 01:21:02,160
know, I'm not going to provide an opportunity for them to advertise. But you're
certainly welcome to blast me respectfully challenge my theory or whatever, on

478
01:21:02,160 --> 01:21:10,530
the forum. Okay. And I explained why you feel like you do, but the act ignorant
where I'll just I'll ban you, but I have no problem. Having someone to

479
01:21:10,980 --> 01:21:19,350
respectfully engage me and say, we, I don't believe this, can you show me why
this is like this, and maybe it might change my mind. But if you're gonna come

480
01:21:19,350 --> 01:21:27,660
on my forum, and act stupid, and just be disruptive, you know, if you see
anybody doing that, just send me a tweet, you know, and tell me what their

481
01:21:27,660 --> 01:21:34,620
screen name is, because I'll go written up and I'm right now don't have any
moderators. But you only get one chance to act stupid. And not being in the ISP

482
01:21:34,620 --> 01:21:47,010
is banned, not just your username. But I want you all to help me do this,
because I absolutely need it. Okay, I'm going nuts with it. For 25 years, I have

483
01:21:47,010 --> 01:21:55,950
beat my head against the wall, trying to come up with a way where I can frame an
exit strategy using what I know where I'm satisfied with it. But you won't need

484
01:21:55,950 --> 01:22:03,990
to have this problem, if you just simply use the criteria I gave you with the
levels in the fib because that'll satisfy not and most of you are dying just to

485
01:22:03,990 --> 01:22:12,150
have that. But there's other things that I do in mentorship members know this,
that we can get really close to the high of the day and the low of the day

486
01:22:12,180 --> 01:22:21,270
within the same range of one or two pips, if not the very high or low. And
they've seen examples of it, they've seen it, and some of them are doing it. The

487
01:22:22,530 --> 01:22:33,270
problem is, it's not always there. It's not always clear cut, it's going to be
using this or it's going to be using that. And that's what I'm hoping that I can

488
01:22:33,420 --> 01:22:44,970
inspire some of you to be to some degree and not about studying price action,
like I have for 20 years plus and find these things and figure it out.

489
01:22:45,090 --> 01:22:53,670
Because I would love nothing more to have one of my students teach me in
inadequacy I have in my own trading, because I have no problem and no shame and

490
01:22:53,670 --> 01:23:02,610
no ego too big where I can't say, You know what? I was so instrumental in their
development, that they ended up helping me and taught me something that I

491
01:23:02,610 --> 01:23:12,030
couldn't overcome alone. And I think that is what's lacking in most teachers
today. Because it's all about ego and pride. And I do have an ego. Don't get me

492
01:23:12,030 --> 01:23:23,670
wrong, but I'm realistic, too. I know where my limitations are. And I know what
I could potentially fix it. And I can't personally overcome it. It's like a

493
01:23:23,670 --> 01:23:35,250
thorn in my side. I can't, I can't fix it. I mean, never fix it. But my last
attempt is to inspire you all to do like I did with Larry Williams, I figured it

494
01:23:35,250 --> 01:23:43,890
out. And people see it, it's power three. That's the whole concept behind power
three, knowing when the Bible or the opening on update when to sell above the

495
01:23:43,890 --> 01:23:54,330
opening on a down day. And what price not what rains not zone not on that stuff.
I there's a specific price level I aim for. And when it hits, I trade there. And

496
01:23:54,330 --> 01:24:03,360
then I reach for objectives throughout the day. But those objectives can range
between three to five at the beginning of day at midnight, and there's three to

497
01:24:03,360 --> 01:24:11,550
five different price levels. I know that probably formed a higher low today.
That's what I mean, when I know what the daily high and low is I know it right

498
01:24:11,550 --> 01:24:22,380
before midnight. So technically, it's in my time zone. I know what the
tomorrow's days daily high low is yesterday. It doesn't sound believable. It

499
01:24:22,380 --> 01:24:38,760
doesn't sound possible. But it is. And it's measurable. It's there. The problem
I have is I can't make it where it is. Like I can describe it. So therefore once

500
01:24:38,760 --> 01:24:45,870
you read it, you describe it, you can go and duplicate it. And that's the part
I'm having. Now other people can read my stuff and follow my videos and

501
01:24:45,900 --> 01:24:52,800
tutorials and my lessons and go right in and find the entry patterns and use the
setups and be profitable and it's great because they can see that part because

502
01:24:52,800 --> 01:25:09,120
I've made it a binary. It's this it's that it's structured. The exit strategy
not so much. So you'll have to be, you'll have to be satisfied with knowing of a

503
01:25:09,120 --> 01:25:18,210
confluence of things agreeing on a particular level for targets. When you go
through my work, and you're going to have to give up, sometimes the daily range

504
01:25:18,270 --> 01:25:27,810
may go farther, or it may fall short. But it still delivers a lot of potential
there, much more than anything else that's out there in the market. And I know

505
01:25:27,810 --> 01:25:37,560
because I buy everything, and I want to see if people are teaching my stuff. And
for the most part, it's the same stuff. They don't teach you price, they teach

506
01:25:37,560 --> 01:25:46,980
you indicators and settings. And that's not how it's done, price isn't working
off of an indicator that has no comprehension whatsoever, of your stochastic

507
01:25:46,980 --> 01:26:00,180
settings. It's completely This is it's completely disconnected from you, okay?
It doesn't even acknowledge you, it can't see you. Okay, the market goes after

508
01:26:00,210 --> 01:26:10,680
large liquidity in the form of large trading firms and large funds. That's what
the market works off of. But the problem is, is those same individuals and

509
01:26:11,550 --> 01:26:22,230
entities use a lot of the same crap that's in the books that we buy and believe
in, and I've read over 2600 trading books, and you wouldn't believe that there's

510
01:26:22,230 --> 01:26:36,390
that many, and I don't, I don't buy them anymore. But I have in ingested, okay.
2600 plus trading books. And I can tell you, the ones I've listed in this video,

511
01:26:37,050 --> 01:26:45,090
are the only ones I think except for trading, trading for a living by Alexander
elder, just that one, not his other one, not as other think it's come inside my

512
01:26:45,090 --> 01:26:55,830
trading room or something like that. I didn't care for that one, either. And
market whether it's one and two, I felt that they were inspirational. And that's

513
01:26:55,830 --> 01:27:08,790
it. I don't think there's really anything else. I think you should be writing
the trading book that you are most inspired by by your journal. And I think that

514
01:27:09,660 --> 01:27:19,860
if my children ever do get inspired to become a trader, I think they would agree
that the things that I wrote in my journal are far more worthwhile reading than

515
01:27:19,860 --> 01:27:28,860
any other book out there, including the ones I've listed in this video, no
disrespect to their author. But it's based on stuff that was real in decades of

516
01:27:28,860 --> 01:27:36,330
it day by day, every single trading day, I do something in there. And if I don't
take a trade, and I don't trade, I want to simply know trading today I write in

517
01:27:36,330 --> 01:27:42,240
here and the reasons why I didn't take the trade period. And I'm accountable to
myself with that journal.

518
01:27:42,900 --> 01:27:52,140
And I spend good money on all my journals cost 50 to $75 each, and I go to a
nice bookstore, and I pick up leather bound ones. And it's the same one. And

519
01:27:52,440 --> 01:28:01,650
it's I use the same style of them. I've been doing it for 20 plus years. And I
treasure them because they're, I wish I had a, you know, a father that would

520
01:28:01,650 --> 01:28:08,340
have did something like this, where I will be able to hold on to and read them
and know what he was thinking at the time of how he felt. Because I pour

521
01:28:08,340 --> 01:28:16,740
everything into these things. And they're, they're real projects every day, I
look forward to journaling. And I've done it when I was a teenager, when I used

522
01:28:16,740 --> 01:28:24,600
to practice lucid dreaming, and it probably sounds weird. I know. But I would
keep a dream journal every day I would wake up and you know, right now a lot of

523
01:28:24,600 --> 01:28:33,210
people don't even remember dreaming, I can tell you every night, what my dream
is, for the last 30 plus years. And I've got books on that too. And some of the

524
01:28:33,210 --> 01:28:43,590
dreams are amazing. And some of them I woke up in the dream and had control of
what I was doing. And it's lucid dreaming, you can. It's neat, but it takes a

525
01:28:43,590 --> 01:28:55,020
lot of time to get there. But they're not all lucid dreams. So journaling to me
is one of the best things you can do. Now you get these jerks that get online,

526
01:28:55,050 --> 01:29:00,960
okay, they have no comprehension of what they're talking about. They only have
is negativity to say because they want to be comedians. They'll say, well,

527
01:29:00,960 --> 01:29:08,220
journaling, stupid, you know, don't waste your time with that. These people are
still working. I guarantee you, they're still working. And they will never leave

528
01:29:08,220 --> 01:29:20,130
their job. And they're tweeting, and they're doing things online from a state of
disgust of folks that are doing exceptionally well. And they do journal, because

529
01:29:20,130 --> 01:29:28,290
they make a reference of time periods when they're doing exceptionally well. And
they have periods of time when they're doing not so well. And when you're doing

530
01:29:28,920 --> 01:29:40,830
things as you should, and you do not do what you should in terms of your
results. You need to go back into those points and get encouraged by the times

531
01:29:40,980 --> 01:29:51,660
when you went through it bad. But you're not sulking. You're not beating
yourself up saying, you know, this sucks. I don't do well as a trader is is

532
01:29:51,660 --> 01:29:58,140
never going to turn around for me. In fact, what you're going to do is be
objective about the fact that what you were doing wasn't working but you're not

533
01:29:58,170 --> 01:30:07,500
losing sight of what you're supposed to do. That will carry you through these
periods of time when you're going to go into a losing streak. You know, I've had

534
01:30:07,500 --> 01:30:18,870
periods where I've had 10 trades, sometimes 15 trades in a row, where I'm wrong.
Now, it's on the basis of scalping in the summertime. Okay, there's a lot of

535
01:30:18,870 --> 01:30:29,040
times where I'll take trades. And I'll get burned. And I haven't had so many of
them there can be like, I have five episodes of like that. But I've had it, it

536
01:30:29,040 --> 01:30:37,080
happened. Because I was trying to be active, I was taking multiple trades in the
same day, I fixed that problem by sticking to only trading in the kill zones.

537
01:30:37,740 --> 01:30:47,130
That means I got at best three trades a day. If I use that up, I can't trade
anymore. So I have a battery life on the time of the day. But I also have a

538
01:30:47,130 --> 01:30:53,610
threshold at which I can't trade beyond, I cannot take more than three trades
per day, I don't care what's going on in the marketplace. Because when the

539
01:30:53,610 --> 01:31:06,270
markets were hot in the early 2000s, I mean, I was in there, sometimes 30 times
in one day, and that's a lot 30 trades in one day is insane. Now, some of you

540
01:31:06,270 --> 01:31:14,820
guys that want to scalp like ultra in and out, you might think that's normal,
and it's like a normal day for you. I that's not normal for me. And when I was

541
01:31:14,820 --> 01:31:24,120
done, I was exhausted. Sometimes I made a lot of money. And sometimes I went
home with less than I started with. And on top of that feeling broke, because I

542
01:31:24,120 --> 01:31:33,870
was feeling I was wasting my time. And in fact I was I was trying to do
something that wasn't for you, personally aligned with my personality, I didn't

543
01:31:33,870 --> 01:31:42,720
feel like, you know, I was getting where I needed to be. And then when I dial
back and say you know I'm going to, I'm going to focus on when's the best time

544
01:31:42,720 --> 01:31:51,480
to trade, you know, when's the best opportunity for me to trade. And then once I
define that, I'm going on a trade like that. So I started refining things. And

545
01:31:51,480 --> 01:32:02,730
how I did that was looked at my journal, when I do a trade, I write down the
times that I took the trade and the actual time. And also write down my time

546
01:32:02,790 --> 01:32:15,660
targets. Now a lot of you, a lot of you think that you just having a protective
stop loss or limit on a specific price level you're willing to pay. I have a

547
01:32:15,660 --> 01:32:24,450
time limit where the trade has to work within a specific time. And if it
doesn't, I kill it. So it's important to have those reference points in your

548
01:32:24,450 --> 01:32:33,390
journal. You know why you took the trade, how you feel physically? Are you upset
as much detail as you can, you don't have to write down what color underwear

549
01:32:33,390 --> 01:32:34,980
you're wearing, or what you had for dinner.

550
01:32:36,900 --> 01:32:45,570
But you should have as much detail as you can about how you physically feel. If
you're stressing about anything, or many times, you're excited about something

551
01:32:45,570 --> 01:32:56,100
that's probably going to happen, like you know, your birthday is coming up.
Okay. You're getting returned a significant price. Listen to me, you're getting

552
01:32:56,100 --> 01:33:05,490
ready to turn a significant age, okay, and maybe it's 50. Like I'm looking at 50
in five years or less. And I'm thinking what do I want to do 50? Well, the day

553
01:33:05,490 --> 01:33:14,280
before I turned 50, I know I'm going to be feeling a certain kind of way. And I
probably don't want to be trading that day. Because I'm preoccupied with feeling

554
01:33:14,280 --> 01:33:21,510
like I'm half a century old, you know, and I don't think that's probably a good
thing for me to be trading with. Because one of two things are going to happen,

555
01:33:21,540 --> 01:33:30,630
either I'm going to be inspired to do something to feel young and reckless. Or,
I'm going to try to be old and stuffy and too organized and rigid. And Either

556
01:33:30,630 --> 01:33:40,320
way, it's going to take me off of what I'm normally trying to do. So journaling
is important. And that was one of the biggest keys to me developing What You See

557
01:33:40,320 --> 01:33:50,160
Me able to do. Because it kept me accountable to myself and my uncle, I was
unable to have accountability with him because he wasn't disciplined enough to

558
01:33:50,160 --> 01:33:58,200
do his own trading. And he's very opinionated and negative. Everything was
negative from him, you know, this sucks. This doesn't work. You know, I don't

559
01:33:58,200 --> 01:34:05,340
know, why am I wasting my time. So if you have friends, or if you have people in
your circle where you're trying to engage with and they have that same mindset,

560
01:34:05,850 --> 01:34:13,170
I try to encourage them to change it. But if they don't drop them, because they
are going to be detrimental to your development, okay, you're going to be

561
01:34:13,170 --> 01:34:22,710
drained by him. And many times, like I did with my own uncle, this is a family
member. It became so toxic that I said, Well, I'm going to use him to my

562
01:34:22,710 --> 01:34:33,810
advantage and just, you know, he's retail, and I'll be smart money. And I don't
want to encourage that type of thing. But it was advantageous for me to do that.

563
01:34:34,260 --> 01:34:48,660
So while he wasn't a mentor, for me, he was a significant catalyst for me to
develop what I now see internally with watching price action. So if we know that

564
01:34:48,720 --> 01:35:02,940
is referring to things in the past, in a measurable way, in any other industry
or any kind of pursuit of intelligence intellect or higher learning? Why should

565
01:35:02,940 --> 01:35:11,880
we be surprised that it wouldn't have that same effect in something like this? I
mean, we're true. We're dealing The hardest thing in the world. And we're trying

566
01:35:11,880 --> 01:35:24,600
to make money from an industry that is driven and ran and managed and controlled
by banks. Not your mortgage bank holder, not the mom and pop credit union

567
01:35:24,600 --> 01:35:34,620
dentistry. Okay, the guy working in a teller that says that ICT doesn't know
he's talking about central banks, these people make the world go around, and

568
01:35:35,070 --> 01:35:42,030
they're driving all that stuff. And you think you're going to come in here and
with RSI setting and a MACD, you're going to be able to turn the whole world

569
01:35:42,030 --> 01:35:56,520
upside down. No, you're not, you're not going to do that. You need to know what
they do. And what they do is exactly what I'm teaching you organized. And it's

570
01:35:56,520 --> 01:36:08,910
time based, it's on a schedule. It's all manipulation, it's meant to upset
current sentiment, or deliver an engineer a opposite sentiment. And then the

571
01:36:08,910 --> 01:36:18,420
real move takes place. And you have to be flexible to allow that type of
learning to occur. Otherwise, you'll fall victim to everyone else outside of our

572
01:36:18,420 --> 01:36:27,000
circle that says it's conspiracy theory tinfoil hat. And it doesn't really work
like that, because they know 15 people that says that it doesn't. But they're

573
01:36:27,000 --> 01:36:36,750
saying 15 people aren't doing what you see me doing, and what some of my
students are doing. Look at the big names in this industry. Okay, whoever they

574
01:36:36,750 --> 01:36:52,350
are, study them, go and reach it, research and see what they're doing. And then
contrast that with what I'm telling you. The more I do in this business and

575
01:36:52,350 --> 01:37:04,320
study other people, the more I'm convinced they know even less than I thought
they did from the beginning. Because they're subscribing to these theories that

576
01:37:04,320 --> 01:37:11,970
are outside the open, high, low and close. That's the four indicators, you need
to know the opening price, the high price, the low price and the closing price.

577
01:37:12,720 --> 01:37:21,030
And their top secret because they've been in your charts all this time. But
nobody pays any attention to it. You're hiding it with indicators. And it's

578
01:37:21,030 --> 01:37:33,210
almost like you know, it's lunacy, you got to really be careful. As soon as you
start applying things to your charts. If it's not highlighting price, you're

579
01:37:33,210 --> 01:37:33,780
doing it wrong.

580
01:37:34,170 --> 01:37:43,410
And the only thing you see on my charts is a horizontal line denoting a specific
price level, drawing your attention to that. Or I'm putting a rectangle in there

581
01:37:43,410 --> 01:37:51,960
and highlighting a specific range of where I think liquidity is going to be
drawn to. That's it. And then I don't even need that, like my charts are

582
01:37:51,960 --> 01:38:02,850
completely naked, naked and unafraid. I don't want anything on my chart. I have
just recently in the last couple of years, gotten comfortable having things I'm

583
01:38:02,850 --> 01:38:11,730
on track because I teach. And I have to have certain notations and annotations
on my chart that make what I'm doing. understandable, but it's not on my charts

584
01:38:11,730 --> 01:38:19,950
when I'm trading. So I've done a lot of talking, I'm going to escape. Hopefully
this has been insightful to you guys. But until I talk to you next week, have

585
01:38:19,950 --> 01:38:26,220
yourself a very pleasant weekend. Be safe, be careful. Enjoy your family study.
And until then wish good luck and good trading.