Skip to Content
Version 1.1 by Drunk Monkey on 2020-12-09 06:14
Show last authors
1 1
2 00:00:34,320 ~-~-> 00:00:35,310
3 ICT: Okay, I want to do
4
5 2
6 00:00:58,500 ~-~-> 00:01:10,530
7 right away, when you look at moves like this sudden reactions in price leaving
8 consolidation like this, I like to see that because it shows a willingness on
9
10 3
11 00:01:10,530 ~-~-> 00:01:20,400
12 the part of smart money. And that means the deep pockets, okay, the folks that
13 really know what's likely to happen, and they're going to be more apt to be
14
15 4
16 00:01:20,400 ~-~-> 00:01:20,760
17 right.
18
19 5
20 00:01:23,100 ~-~-> 00:01:32,070
21 This entire move here, I was anticipating this whole move up. Now I was not
22 long, I didn't participate in thing going long. But I did anticipate it rallying
23
24 6
25 00:01:32,070 ~-~-> 00:01:39,450
26 up and leaving this consolidation. I'm not going to go into great details of why
27 I believe that. But I believed it was going to go up to a specific price level,
28
29 7
30 00:01:39,660 ~-~-> 00:01:51,180
31 and it didn't make it there. Which is a reason why I had to sell short, a lower
32 price below this consolidation I'm going to show you on the monthly chart is why
33
34 8
35 00:01:52,140 ~-~-> 00:02:05,400
36 I was wanting to sell at a much higher price. Not much higher price, but it's
37 still high enough. It didn't get there just put that way. I was waiting for it.
38
39 9
40 00:02:05,520 ~-~-> 00:02:15,360
41 And I thought I'd get it but it didn't happen. So what I'm gonna do here is I'm
42 gonna give you some secret sauce. And don't go on Facebook teaching us and don't
43
44 10
45 00:02:15,360 ~-~-> 00:02:27,660
46 be putting on your charts. And sounds good. This is a ICT bearish order block.
47 It's the last upclose candle on a monthly chart. Okay, and I want you to take a
48
49 11
50 00:02:27,660 ~-~-> 00:02:41,640
51 look at the level here. 119 oh nine and 118 19. Okay, that's a range of 90 pips.
52 Okay, so if we divide that in half, it's 45. You add that to the low here,
53
54 12
55 00:02:41,670 ~-~-> 00:02:58,440
56 that'll give us some middle point price of 118 64. Okay, so I'm going to put on
57 my chart 118 64. And, like always, it never gives me that particular price
58
59 13
60 00:02:58,440 ~-~-> 00:03:14,250
61 level. All right, so we have our level, exactly in the middle of the bearish,
62 monthly order block. So I wanted to see price trade up to that level. Okay, so
63
64 14
65 00:03:14,250 ~-~-> 00:03:22,800
66 now with that in mind, I was waiting for that, and I would have solved that
67 trade to it. Let's go into a 15 minute time frame again.
68
69 15
70 00:03:28,740 ~-~-> 00:03:36,810
71 Okay, you can see it just fell short. And now I was watching it. And I'm telling
72 you, if I would have had an opportunity to do a gentleman's wager. I knew in my
73
74 16
75 00:03:36,810 ~-~-> 00:03:45,900
76 heart that it was probably gonna hit that level and had it hit it, I would have
77 sold short right there. But it didn't happen. And it collapsed rather quickly.
78
79 17
80 00:03:46,950 ~-~-> 00:03:55,050
81 This consolidation kind of look like this, see how it was consolidating here,
82 okay, this whole sideways price action, but it was starting to do that all on
83
84 18
85 00:03:55,050 ~-~-> 00:04:05,040
86 here as well, in price took off. So I in my mind, I'm thinking this is gonna be
87 a false break. Okay, it's going to go up to go down. Okay. My tutorials go into
88
89 19
90 00:04:05,040 ~-~-> 00:04:14,160
91 great detail about how to see these types of things. But for now, I just want to
92 kind of recap it, not trying to do 1200 hours worth of tutorials and I have a 20
93
94 20
95 00:04:14,160 ~-~-> 00:04:24,450
96 minute video. But price, I left this consolidation rally fail to get to my
97 level, I wanted that level didn't give it to me. So I had to adapt. And that
98
99 21
100 00:04:24,450 ~-~-> 00:04:35,070
101 means I had to be very close to this consolidation to begin to be given a
102 optimal entry. I felt that because of these equal lows down here, there would be
103
104 22
105 00:04:35,070 ~-~-> 00:04:45,450
106 a lot of sell stop liquidity, or a liquidity pool. Okay, so I knew I wouldn't be
107 a seller up around 60 fours and I want to buy them back below here. That was the
108
109 23
110 00:04:45,450 ~-~-> 00:04:55,290
111 trade idea that was the model I used. Okay, so while we were close to the bottom
112 of the range, I just simply went in at the market and that's the fill I got
113
114 24
115 00:04:55,500 ~-~-> 00:05:08,010
116 okay. And you can see the exit. It was a beautiful punch down below. These equal
117 lows, now I didn't get the absolute low. And in fact, if you look at what
118
119 25
120 00:05:08,010 ~-~-> 00:05:18,600
121 happened, it went a little bit lower. And I don't care, I have no, I have no
122 care about being absolutely perfect. I just need to have that piece of the
123
124 26
125 00:05:18,600 ~-~-> 00:05:31,980
126 market move a couple times a month, and I'm okay with that. The concepts that I
127 teach, provide you precision in terms of direction, and the most likely high and
128
129 27
130 00:05:31,980 ~-~-> 00:05:40,170
131 the most likely low, but I am not trying to promote the idea that you're going
132 to get that, okay. Don't do that. And the folks in the mentorship know that I
133
134 28
135 00:05:40,170 ~-~-> 00:05:50,130
136 teach the same way there. Even though the tools will help you get really, really
137 close to it, do not try to operate and execute with that in mind. Because you're
138
139 29
140 00:05:50,130 ~-~-> 00:05:57,180
141 still gonna screw it up. And you're gonna read it wrong, are you just gonna, you
142 know, greed and fear and all that stuff's gonna still weigh on you, you're gonna
143
144 30
145 00:05:57,180 ~-~-> 00:06:04,710
146 do it wrong. So that was the mechanics behind why I did that short there, I
147 wanted to get a better price. And man, if it would have hit that I've been like
148
149 31
150 00:06:04,710 ~-~-> 00:06:16,920
151 legend this week, but it didn't happen. So nonetheless, this is where the Euro
152 is trading now. Not bad in terms of where it is, on a grand scheme of things for
153
154 32
155 00:06:16,920 ~-~-> 00:06:29,790
156 the weekly range. See what we got here for a week. So it's, it's kind of it was
157 kind of close to the weekly high. But you know, it is what it is. I did not
158
159 33
160 00:06:29,790 ~-~-> 00:06:37,260
161 participate in any I got a lot of people ask me that I do any of this stuff. No,
162 I didn't do any of it. I wasn't able to participate. I was watching other things
163
164 34
165 00:06:37,260 ~-~-> 00:06:47,760
166 for teaching purposes this week. I gave you SMP ideas and Japanese yen, which I
167 can't stand that pair. But I ended up nailing the high on that pair for the week
168
169 35
170 00:06:47,760 ~-~-> 00:06:57,420
171 as well. But no, I didn't participate at all. On a year ago, it was a beautiful
172 run. But you know, it is what it is. Seeking again, let's knock that out real
173
174 36
175 00:06:57,420 ~-~-> 00:07:08,820
176 quick. I said that we would probably see it run. And let's get off this one
177 minute chart and go into 15.
178
179 37
180 00:07:15,960 ~-~-> 00:07:28,620
181 All right, and here we are serious Monday's trading. And I felt it was
182 worthwhile to take a run above these equal highs, you probably see a reoccurring
183
184 38
185 00:07:28,620 ~-~-> 00:07:37,800
186 theme. And that's kind of like the intent I've been spending the last few months
187 with you. And I want to give you what the heart of my tutorials has always been
188
189 39
190 00:07:37,800 ~-~-> 00:07:47,220
191 trying to teach you. But you're always worrying about like, kill zone indicators
192 in your ADR indicators, Michael, you're all worried about the tools, instead of
193
194 40
195 00:07:47,220 ~-~-> 00:07:55,980
196 the concept, that that's where the money is made. Okay? It's not in these tools,
197 okay, because everything on here can be done manually. ADR can be done manually,
198
199 41
200 00:07:56,370 ~-~-> 00:08:08,760
201 the kill zones can be in fact, I'm gonna show you how I do most of my charts in
202 my journals. They're all doctored up, like I show the kill zone, exactly how you
203
204 42
205 00:08:08,760 ~-~-> 00:08:16,380
206 saw it today in the dollar CAD chart. That's how I want my charts to be
207 journaled. It's not that simple little line thing that usually sits down here,
208
209 43
210 00:08:16,380 ~-~-> 00:08:25,140
211 because to me, that's useless to me, I don't care about that. And I put it on my
212 chart so you all can see it, and be reminded that it's happening to signals
213
214 44
215 00:08:25,140 ~-~-> 00:08:36,510
216 happening to set up is forming the pattern during these specific references of
217 time and window opportunities of the New York open, or a London open or an asian
218
219 45
220 00:08:36,510 ~-~-> 00:08:43,650
221 session. Okay, and then there's London close. And there's also a New York kill
222 zone that I don't talk too much about, because you have to know what you're
223
224 46
225 00:08:43,650 ~-~-> 00:08:53,850
226 doing. Otherwise, they can hurt you. So the equal highs in here, I mentioned
227 this. And if you're watching this video, and it's months past when it was
228
229 47
230 00:08:53,850 ~-~-> 00:09:04,050
231 actually done, I don't delete my Twitter tweets anymore. I used to do it and
232 purge it. So however many tweets there is, okay, you're gonna have to scroll
233
234 48
235 00:09:04,050 ~-~-> 00:09:12,780
236 back to find it. But I promise you, I mentioned all these things at a time and
237 people can call me out as a liar. Right now on Twitter. If I didn't do it, it's
238
239 49
240 00:09:12,780 ~-~-> 00:09:23,550
241 there. You can go and see it. But I was targeting a run on the these equal highs
242 here. And I used that as a framework to set up this trade idea. And you can see
243
244 50
245 00:09:23,550 ~-~-> 00:09:39,930
246 I end up getting a very high tick. Very high tick of the end. The high comes in
247 exactly at 113 94. And you guys can go on Twitter and see all that stuff. Huggy
248
249 51
250 00:09:39,930 ~-~-> 00:09:52,470
251 screencaptures shots, all that stuff. But that's the actual high now what was my
252 low? What was I looking for for this week? I was looking for 112 big figure
253
254 52
255 00:09:52,530 ~-~-> 00:10:03,630
256 even. And I know you're probably thinking it's horse. Crap. I'm trying not to
257 cuss this time. But that's what I like. Looking for. And I'll promise you that
258
259 53
260 00:10:03,660 ~-~-> 00:10:13,680
261 if you go through the tutorials that is taught to you, okay, that part is
262 taught, you're not going to get it every single week like that. But when a week
263
264 54
265 00:10:13,680 ~-~-> 00:10:25,470
266 like, this has been for the end, it's pretty predictable. And we're not gonna go
267 into that. But I want you to look at the framework each day here. Each day,
268
269 55
270 00:10:25,620 ~-~-> 00:10:39,930
271 there was a trading opportunity. Not all of them were as profitable or perfect.
272 But there's a handful of them on here that did exceptionally well. And I'll just
273
274 56
275 00:10:39,930 ~-~-> 00:10:47,700
276 pull out one real quick. And yes, this is hindsight because I didn't do any
277 trading on the pair outside of this one over here. But if you look at what I've
278
279 57
280 00:10:47,700 ~-~-> 00:10:57,570
281 done, since I've been back on Twitter, I'm showing you pinpoint precision points
282 where I'm getting weekly highs, weekly lows, daily highs and daily lows, because
283
284 58
285 00:10:57,570 ~-~-> 00:11:05,070
286 I get a lot of flack from people saying that it can't be done. You know, don't
287 listen to that. Nobody can do it. And I was actually listening to Larry Williams
288
289 59
290 00:11:05,100 ~-~-> 00:11:13,560
291 on my drive home. I hooked it up to my car, I was listening to it through
292 Bluetooth. And one of the videos are actually I'll send you the link on Twitter
293
294 60
295 00:11:13,560 ~-~-> 00:11:22,800
296 after I'm done this, where he actually talks about how he doesn't feel certain
297 things that you see me doing, that is possible, and I'm doing it. So don't take
298
299 61
300 00:11:22,800 ~-~-> 00:11:30,990
301 my word for anything. Don't trust me, don't believe in me. Go into the charts
302 and see if it's real. Okay, that's all I'm asking you to do. I don't want you to
303
304 62
305 00:11:30,990 ~-~-> 00:11:39,030
306 have any faith in me Don't Don't believe me. Believe the concepts I'm sharing
307 with you because that's the market. But if you look at this particular day here,
308
309 63
310 00:11:39,300 ~-~-> 00:11:48,480
311 okay, previous day's low was here. There was gonna hurt the lipstick on it on
312 spent too much time on the video. Last time I did this. And they'll be coming an
313
314 64
315 00:11:48,480 ~-~-> 00:11:58,650
316 hour and a half video, it was full of all kinds, just obscenities and I want to
317 share that one. So I'm trying to be more civilized than that such savage
318
319 65
320 00:11:58,650 ~-~-> 00:12:07,680
321 anymore. But the high reading here we have a nice retracement. This is a
322 beautiful optimal trade entry. Now I'm not putting the Fibonacci on this because
323
324 66
325 00:12:07,680 ~-~-> 00:12:14,970
326 you should be able to see it without the high below and read in here. Now I'm
327 going to put it on here,
328
329 67
330 00:12:15,299 ~-~-> 00:12:25,799
331 after I've mentioned it, but I want you to get an opportunity to see it before I
332 put it on the highest bar open close in the swing high down to the lowest close
333
334 68
335 00:12:25,949 ~-~-> 00:12:35,969
336 or open. And it's this one right here. Okay. Beautiful delivery at 70.5. Okay,
337 wonderful. Would I have shorted it at that level? No, I would have shorted it
338
339 69
340 00:12:35,969 ~-~-> 00:12:44,459
341 right at 262 or just before. And I would have allowed my position to have the
342 risk from that point up to the high up here. And that may not fit your criteria,
343
344 70
345 00:12:44,459 ~-~-> 00:12:51,719
346 you may want to have a staff that's much smaller than that. And there's no
347 problem with that is going through a smaller timeframe. And zero in on this
348
349 71
350 00:12:51,719 ~-~-> 00:13:02,639
351 little area. Here it is wait for smaller one minute practice or the same pattern
352 of optimal trade entry, and you'll see it unfold. But selling short here aiming
353
354 72
355 00:13:02,639 ~-~-> 00:13:12,149
356 for the previous day's low. That's a wonderful opportunity right there. When we
357 can see that target two is in close proximity to that same particular level, it
358
359 73
360 00:13:12,149 ~-~-> 00:13:21,239
361 dips down below it and look what it does, it spends a lot of time hanging around
362 sideways. And then ultimately it breaks down sells off. We went down to a
363
364 74
365 00:13:21,389 ~-~-> 00:13:33,479
366 logical level that I'll teach you in another edition or supportive analysis
367 video for the mastering high probability scalping video, that's gonna, like,
368
369 75
370 00:13:33,869 ~-~-> 00:13:43,379
371 evolve. So I know why you're like give me snipers series and give me precision
372 trading concepts and put the trading plane video series up. I'm giving you
373
374 76
375 00:13:43,379 ~-~-> 00:13:50,009
376 something right now nuts and bolts. Because I already know what you're going to
377 do. You're going to watch videos and like you're watching Seinfeld reruns, and
378
379 77
380 00:13:50,039 ~-~-> 00:13:58,409
381 you're not gonna get anything out of it. So I'm giving you right now, something
382 you can do every single day. And I'm showing you every single day that I can
383
384 78
385 00:13:58,409 ~-~-> 00:14:05,369
386 find something every single day. Now I can do it because I know what I'm doing.
387 I've been doing it a long time. But I don't want you thinking that you can do
388
389 79
390 00:14:05,369 ~-~-> 00:14:14,099
391 that. I want you to say okay, what days of the week Can I trade. And I'm going
392 to focus on those days. And I'm going to try to find my 25 to 30 pips for the
393
394 80
395 00:14:14,099 ~-~-> 00:14:23,639
396 week and be content with that. I'm proving that it can be done. Now I don't
397 trade like this. I look for one good setup for the week. And I put what I'm
398
399 81
400 00:14:23,639 ~-~-> 00:14:32,609
401 reasonably comfortable with putting on risk. I put the trade on and I let it go.
402 And I manage it throughout the week. And that's my one shot one kill. That's not
403
404 82
405 00:14:32,609 ~-~-> 00:14:45,809
406 what I'm teaching. But I've taught you the bare bones framework for a really,
407 really killer scalping system. And truth be told, if you master just this, you
408
409 83
410 00:14:45,809 ~-~-> 00:14:52,859
411 don't need any of my other tutorials. You don't need my mentorship. You don't
412 need anything. This is enough. But some of you are going to be freaks and you
413
414 84
415 00:14:52,859 ~-~-> 00:15:00,149
416 want to learn everything I know and that's fine, but understand that what I'm
417 doing is I'm building on a foundation I've created in the last two months. with
418
419 85
420 00:15:00,149 ~-~-> 00:15:09,599
421 you. And I don't want to waste that foundation and steer off into other rabbit
422 trails, because I could very easily confuse you. And also inundate you with more
423
424 86
425 00:15:09,599 ~-~-> 00:15:17,969
426 information that's necessary. But just know that there's a lot of other
427 information that will help complement what you're learning now. All right. And
428
429 87
430 00:15:17,969 ~-~-> 00:15:25,139
431 again, I just want to prove that I was teaching works because I do it every day.
432 And you see the results of it. And you not only see me doing me see my students
433
434 88
435 00:15:25,139 ~-~-> 00:15:36,329
436 doing it, which is very encouraging as a mentor, but beautiful delivery of
437 price, down to 112. Handsome opportunities to get short, throughout the week in
438
439 89
440 00:15:36,329 ~-~-> 00:15:51,779
441 here. If you look at this one, right here. This is something that a friend of
442 mine, actually, it's local, he did this trade here, and argued with me why it
443
444 90
445 00:15:51,779 ~-~-> 00:16:02,639
446 shouldn't have been a sell off to go down below this long keep going down. I'll
447 say this. Okay. When you look at significant turning points, and I'm going to
448
449 91
450 00:16:02,639 ~-~-> 00:16:13,829
451 answer Tom Dante his response about what fibs should be done and what shouldn't
452 be done. Every swing low, and every swing high is not the same. In that just
453
454 92
455 00:16:13,829 ~-~-> 00:16:22,589
456 because it's apparent price went from like this low to this high, doesn't
457 necessarily mean that that's where you should put your fib on. Okay. So there
458
459 93
460 00:16:22,589 ~-~-> 00:16:35,399
461 are specifics and price action that I teach, not in free tutorials that will
462 allow you to frame your fib on the highest probable condition, high and low. And
463
464 94
465 00:16:35,429 ~-~-> 00:16:42,089
466 I say that, and I know some of you are not going to want to believe that because
467 it's sounds like secret sauce. And it sounds like a sales pitch. But you don't
468
469 95
470 00:16:42,089 ~-~-> 00:16:51,389
471 need that. I've already proven you don't need that. So while I can say it for
472 completeness sake, and also to respond to what other educators saying I'm not
473
474 96
475 00:16:51,389 ~-~-> 00:16:52,619
476 trying to be disrespectful, you Tom.
477
478 97
479 00:16:53,070 ~-~-> 00:17:03,300
480 But there is a science to the way I put my finger on it. And the fib isn't the
481 thing I'm actually trading on, it's just helping my students see a particular
482
483 98
484 00:17:03,300 ~-~-> 00:17:11,610
485 range in terms of overbought or oversold without an indicator that would be an
486 oscillator based on Okay, I'm just looking at in terms of a range of price
487
488 99
489 00:17:11,610 ~-~-> 00:17:20,970
490 range, because most of everything I'm doing as I'm trading inside of a noon,
491 definable price range, an old high an old low, and I'm using that information.
492
493 100
494 00:17:21,630 ~-~-> 00:17:32,610
495 And I trade with that. That's pretty much all I do for scalping. And I look for
496 some extreme to get to, to either, hopefully get very close to the higher low of
497
498 101
499 00:17:32,610 ~-~-> 00:17:41,790
500 the day or higher low the week. And that's all I try to do every single trading
501 day. Now, I look through your pairs. And you'll see just because one pair had a
502
503 102
504 00:17:41,790 ~-~-> 00:17:49,500
505 really, really good opportunity, one particular day of the week doesn't
506 necessarily mean that all the other majors had that same criteria, or that same
507
508 103
509 00:17:49,500 ~-~-> 00:17:58,800
510 pattern because it doesn't repeat like that. There may be a lag in one or two
511 pairs, where you may not get the setup that you were looking for on princess
512
513 104
514 00:17:58,800 ~-~-> 00:18:06,780
515 that cable. And it doesn't happen for you, all of a sudden, you get it in cable
516 a day or two later. And there's nothing wrong. Don't try to force it, don't try
517
518 105
519 00:18:06,780 ~-~-> 00:18:18,450
520 to fight it. Sorry about that, and tickle my throat. Alright, so we got the
521 cable is next in our round up. And then we're going to do dollar CAD and now
522
523 106
524 00:18:18,450 ~-~-> 00:18:27,150
525 complete our presentation today. So this is not the teaching thing. I got one
526 more thing for you tonight, where I've mentioned earlier in the week, I found a
527
528 107
529 00:18:27,150 ~-~-> 00:18:42,690
530 journal entry ahead from 1994. And I think you'll like that, but this is the
531 pound dollar. Okay, and I gave you a short little video on Twitter, okay, I'm
532
533 108
534 00:18:42,840 ~-~-> 00:18:50,280
535 trying to experiment with that, where if I can avoid making these long winded
536 videos, and give you like little snapshots throughout the day, I'm trying to
537
538 109
539 00:18:50,280 ~-~-> 00:18:58,080
540 master that, trying to get it down to like a 10 minute process where I can do it
541 quickly, boom, put it together, because I think it'd be a lot more useful
542
543 110
544 00:18:58,110 ~-~-> 00:19:05,490
545 because it's one thing to show you a static chart, and then have the you know,
546 the beginning of the entry points and stuff. Already already know some of you
547
548 111
549 00:19:05,490 ~-~-> 00:19:14,460
550 guys that don't like me, okay, don't believe me or don't want to know what I'm
551 doing. Or maybe you do like what I'm doing and you can admit it. But if you
552
553 112
554 00:19:14,910 ~-~-> 00:19:22,440
555 don't believe I take the trades. And I'm showing you videos where the actual
556 trades are entered and why it's happening and the mechanics of what it's being
557
558 113
559 00:19:22,440 ~-~-> 00:19:32,430
560 done. And I did that right over here with this one. It's hard to see in here,
561 but this particular trade right here, that's what I sent a video on Twitter. And
562
563 114
564 00:19:33,270 ~-~-> 00:19:45,420
565 it was my response to Tom Dante about, there's no necessity for fibs because I
566 was I was targeting the stops below here. If you look, I had the actual idea of
567
568 115
569 00:19:45,480 ~-~-> 00:19:57,870
570 where I wanted to get out at up here and ended up happening on a little bit
571 later in the day here with this move here. So the long and short if you have a
572
573 116
574 00:19:57,900 ~-~-> 00:20:11,670
575 opportunity to anticipate movement if you're looking for price to get to a. I
576 guess I'll just stick to it the theme I've been teaching since I got back on
577
578 117
579 00:20:11,670 ~-~-> 00:20:23,370
580 here, it's the draw. Okay, where is price going to be pulled? Where is it going
581 to be drawn to? Is there an opportunity to see a directional bias based on what
582
583 118
584 00:20:23,370 ~-~-> 00:20:35,040
585 you believe, with what I teach in terms of the tools is it going to draw a price
586 to a high or low or into a particular range. Now, in here, I felt that it was
587
588 119
589 00:20:35,040 ~-~-> 00:20:45,960
590 going to go up to that level, I thought it was going to go above these old highs
591 here, and reach into the area, see trading it here. Now, once it did that, it
592
593 120
594 00:20:45,960 ~-~-> 00:20:55,110
595 pull down and sorry, consolidate a little bit. And then I watched these equal
596 highs, the sitting here, I felt that we were going to move above that. Now
597
598 121
599 00:20:55,110 ~-~-> 00:21:06,660
600 again, same scenario, as I did with the euro dollar. I wanted to sell it up
601 here. It didn't give me the price. As much as I wanted it to go up there and I
602
603 122
604 00:21:07,410 ~-~-> 00:21:16,140
605 was seizing I wanted to trade there, because I wanted to hit it right as it hit
606 that price. And it didn't do it. So all I had to do was consider the fact that
607
608 123
609 00:21:16,140 ~-~-> 00:21:26,460
610 we made another run above the short term high now we this short term high. And
611 these equal highs here. And that in itself is a trade. You could have taken that
612
613 124
614 00:21:26,460 ~-~-> 00:21:34,200
615 trade here. And truth be told, if you would have done it, you probably would
616 have been stopped out. The only reason why that didn't happen for me, it would
617
618 125
619 00:21:34,200 ~-~-> 00:21:38,370
620 have happened for me and I would have suffered a loss, I would have been stopped
621 out.
622
623 126
624 00:21:39,270 ~-~-> 00:21:47,100
625 The reason why I didn't take the trade is that I wanted this price level. Why?
626 Because it's 20 pips above that's it this little blue shaded areas. This is 20
627
628 127
629 00:21:47,100 ~-~-> 00:21:55,320
630 pips of a price range. This is 10 pips. So anytime you look at your charts and
631 you see double tops and double bottoms, okay, don't feel trade empowered to do
632
633 128
634 00:21:55,320 ~-~-> 00:22:04,020
635 that. You're not empowered by trading off of that and finding resistance and
636 taking that as a short. That's not what you should be doing. Your mind should
637
638 129
639 00:22:04,020 ~-~-> 00:22:11,970
640 shift gears and say, Okay, I know everybody on the Internet and on YouTube and
641 everybody else on Facebook are going to have the idea that this is a double top.
642
643 130
644 00:22:11,970 ~-~-> 00:22:22,470
645 Therefore, a protective buy stop is safe to put above that or short position.
646 Well, what does that mean? It's going to be targeted in the market, we'll go
647
648 131
649 00:22:22,470 ~-~-> 00:22:33,630
650 into a attack mode. Let's put it that way. And being very careful about what I
651 say because I'm so relaxed the last almost, what, 14 months now, being able to
652
653 132
654 00:22:33,630 ~-~-> 00:22:44,370
655 say what I normally would say in my mentorship, I gotta be careful, I say, so
656 the bizstats Arena, but these equal highs that was a fish efficiently done here
657
658 133
659 00:22:44,400 ~-~-> 00:22:53,190
660 with 10 pips. But once price started running again, I wanted to see a punch all
661 the way up into 20 pips now could have went like 22 or 25 pips on like that. I
662
663 134
664 00:22:53,190 ~-~-> 00:23:02,070
665 don't care, I would have wanted at 20. And it would have been in and I was
666 anticipating this big breakdown in price. same scenario, like on the euro
667
668 135
669 00:23:02,070 ~-~-> 00:23:14,460
670 dollar. My I went right to where it's cleanly leveled off at lows, that's down
671 here. Okay, small little pocket of price action at sideways, everybody's going
672
673 136
674 00:23:14,460 ~-~-> 00:23:21,930
675 to see that and say, Okay, well, it looks like it's a safe spot to put myself
676 stop on my long positions. And price doesn't take long to go down there does it
677
678 137
679 00:23:22,290 ~-~-> 00:23:31,380
680 goes right to it clears it out. I sent you a chart on Twitter. Okay, and I gave
681 you the next area of liquidity, which is here. And I'll give you another one
682
683 138
684 00:23:31,380 ~-~-> 00:23:41,160
685 back here. Yeah, there it is. So, once I shared this opportunity that came to
686 fruition, I was trying to get you to think beyond this one when I had someone
687
688 139
689 00:23:41,430 ~-~-> 00:23:49,590
690 tell me they were not didn't tell me they were suggesting on Twitter and anyone
691 enticed to buy it down here. And I didn't want them to fall victim to that. So I
692
693 140
694 00:23:49,590 ~-~-> 00:24:00,150
695 just threw out the chart where this had the next sell stuff. So I wanted folks
696 to at least consider that and just be considered of it. Because that might have
697
698 141
699 00:24:00,150 ~-~-> 00:24:10,320
700 been painful if you would have just simply tried to buy it. So we ended up
701 coming back down here. If you remember this line here. There's the old low.
702
703 142
704 00:24:13,740 ~-~-> 00:24:24,090
705 There you go. They swept those same cell stops below here. And then look at the
706 reaction. That was in my charts on Twitter. I can't go back and you know, fold
707
708 143
709 00:24:24,450 ~-~-> 00:24:32,760
710 the fabric of time and space. Okay, I can't, I can't do those things that, you
711 know, time travel. I'm still working on it, but I just can't do it yet. It looks
712
713 144
714 00:24:32,760 ~-~-> 00:24:42,450
715 like sometimes. But those charts and his points of reference are on Twitter
716 already. And I don't have any manipulation of what Twitter has on air. I can't
717
718 145
719 00:24:42,450 ~-~-> 00:24:55,980
720 change what's shared on Mt. Four. When I create a chart from empty for it's
721 completely driven from their server and it's time and date stamped from the time
722
723 146
724 00:24:55,980 ~-~-> 00:25:06,060
725 I did it. So I can't I that's why I do it that way because I Don't want them. If
726 this is better, in my opinion is way better than trade view trading view,
727
728 147
729 00:25:06,600 ~-~-> 00:25:14,910
730 because it allows you number one, you can keep my charts, you can keep my charts
731 and study them, you can make your own notations is plenty of open space on
732
733 148
734 00:25:14,910 ~-~-> 00:25:21,900
735 there. Because I don't have any indicators or anything like that on my chart,
736 you can print them out and actually write your own notes. That's what I'm trying
737
738 149
739 00:25:21,900 ~-~-> 00:25:32,250
740 to encourage you to do. I just put on here what's salient for me? What, what was
741 the reasons why I took the trade so that I can share it with you. Okay, so look
742
743 150
744 00:25:32,250 ~-~-> 00:25:42,180
745 at the reaction here in price, it went right back to the area, I did my second
746 entry in midpoint of the overall range, essentially. But I'm not going to go
747
748 151
749 00:25:42,180 ~-~-> 00:25:51,120
750 into details of why sold short here, mentorship, we'll know why. But it's not
751 necessary. Up here, it was the optimal trade entry. Okay, another failure swing.
752
753 152
754 00:25:51,720 ~-~-> 00:26:02,520
755 And then ultimately, this one had not been able, well, had I been able to stay
756 home and be through the New York session, I would have left a portion on and
757
758 153
759 00:26:02,520 ~-~-> 00:26:10,950
760 open these limit orders up a little bit to get down here. But I couldn't watch
761 it. So Believe me, I was antsy cuz I couldn't wait to come back and see it
762
763 154
764 00:26:10,950 ~-~-> 00:26:20,310
765 because I knew the likelihood it was going to drop off. And I was hoping we
766 would get it down here. And it's probably a little bit too enthusiastic and
767
768 155
769 00:26:20,370 ~-~-> 00:26:28,650
770 ambitious on my part. But I certainly wanted to see it trade down there. But
771 this is the next one that was going to be taken. And that was about the end of
772
773 156
774 00:26:28,650 ~-~-> 00:26:37,710
775 it. But I would not expect it to do too much from where we are now probably
776 consolidate, rated going into the clothes. And the last bit of business, we'll
777
778 157
779 00:26:37,740 ~-~-> 00:26:38,100
780 look at
781
782 158
783 00:26:38,250 ~-~-> 00:26:50,280
784 the dollar CAD, I shared my chart and by way of my son, and I didn't have my
785 previous order I got in but another attempt to get long on dollar CAD. And I got
786
787 159
788 00:26:50,280 ~-~-> 00:26:59,940
789 stopped out on this one. So you guys can get a chance to see that. I know, look
790 like I'm giving you all the sugar, but I got some vinegar today. Let's see the
791
792 160
793 00:26:59,940 ~-~-> 00:27:11,400
794 fifth one. And I'm looking at the lowest close or open. That's what I'm putting
795 it on right here. I'm dragging it all the way up to the highest open or closed
796
797 161
798 00:27:11,400 ~-~-> 00:27:23,460
799 grade. There. Okay, so I have two reference points here. And here. As price
800 dropped down into optimal trade entry, this whole business is in here, this
801
802 162
803 00:27:23,460 ~-~-> 00:27:37,080
804 whole rally up. I was not a part of it. I had no participation. And I didn't
805 have any kind of prognostication, I didn't see it coming. I didn't care about
806
807 163
808 00:27:37,080 ~-~-> 00:27:45,990
809 it. I didn't worry about it. That's not what I was concerned about. What I
810 wanted to see was a retracement back down into here. Because if you look what
811
812 164
813 00:27:45,990 ~-~-> 00:27:58,950
814 this is, what is that? What's this in price action right in here. Double high,
815 right or double top. So I should be trained over a period of time seeing
816
817 165
818 00:27:58,950 ~-~-> 00:28:12,630
819 examples like this, if we see this, if it looks too clean, too perfect, too
820 precise. If that happens in price action, I like to see that and I draw little
821
822 166
823 00:28:12,630 ~-~-> 00:28:23,100
824 rectangles up around that area. And it keeps that reference point in focus
825 throughout the entire week. Because if I see it, and I get drawn into a
826
827 167
828 00:28:23,100 ~-~-> 00:28:30,660
829 discussion, or if I'm distracted by someone's questions, or whatever, because
830 I'm talking to a lot of people every single day, either by email, or by
831
832 168
833 00:28:30,660 ~-~-> 00:28:43,020
834 mentorship, or texts, or some of them actually call me and I'm constantly being
835 pulled away. If I don't keep proper notes on my chart, and then I'll lose sight
836
837 169
838 00:28:43,020 ~-~-> 00:28:53,130
839 of them. So in this example, what I'm referring to is if I see a double top like
840 that, all I do is simply that, that's it real quick, it's simple. I don't need
841
842 170
843 00:28:53,130 ~-~-> 00:29:00,540
844 to write any kind of notations in it, none of that business. Okay, I just know
845 that that is going to be a liquidity pool, it's got my stops above it. Now as
846
847 171
848 00:29:00,540 ~-~-> 00:29:07,380
849 the price action was dropping down, lower, lower and lower. Once you get an
850 optimal trade entry, I was thinking well, it might pop up here and clear that
851
852 172
853 00:29:07,380 ~-~-> 00:29:19,260
854 up. I was wrong. It rallied and gave me an opportunity to have paper profits but
855 then I was not paying attention to it here and it gave you another and gave me
856
857 173
858 00:29:19,260 ~-~-> 00:29:36,060
859 but equal highs just like it did here. All through here, completely unaware of
860 it what marching it came down, took me out. Once the response below here, got
861
862 174
863 00:29:36,060 ~-~-> 00:29:46,620
864 back a boat both below this low here. Once it started rallying again, all I have
865 to do is consider again that same equal high phenomenon when by stops are taken.
866
867 175
868 00:29:47,190 ~-~-> 00:30:00,570
869 But now we have a transition and we have buy stocks being taken. And this is now
870 a market structure shift and still still this is still in play. It's Sitting in
871
872 176
873 00:30:00,570 ~-~-> 00:30:12,270
874 your chart, it doesn't leave. It's right there reminding me that hey, look,
875 there's money up here, there orders. Isn't it reasonable to assume that someone
876
877 177
878 00:30:12,750 ~-~-> 00:30:23,550
879 went short here? I mean, I would think somebody has to be short there may not be
880 a lot of people may not be someone you know. But someone's reasonably short. You
881
882 178
883 00:30:23,550 ~-~-> 00:30:34,770
884 know, if prices down here, someone could very easily held that entire move, and
885 could be holding for longer moves. So if that's the case, and we see a break in
886
887 179
888 00:30:34,770 ~-~-> 00:30:44,700
889 market structure, and it's late in the week, well, what's most likely to happen
890 in my mind, they're going to take the position from them. So classic to what I
891
892 180
893 00:30:44,700 ~-~-> 00:30:53,760
894 taught you in the scalping. After seven o'clock, I'm sorry, this is midnight,
895 seven o'clock in the morning in New York, time is going to be here. And I want
896
897 181
898 00:30:53,760 ~-~-> 00:31:03,300
899 to kind of outline this as a way you guys can do the kill zones, as I do it, in
900 my journal, and this is seven o'clock in the morning, New York time, waiting
901
902 182
903 00:31:03,300 ~-~-> 00:31:11,760
904 here. Now I'm going to take the fifth off, take a picture mentally with what you
905 see here and get a view from it. And then also, I already already have pictures
906
907 183
908 00:31:11,760 ~-~-> 00:31:24,540
909 of it on Twitter, so you guys can use that. But I have this right here, I try to
910 move all this other stuff so you guys can see it clearly. So this is the seven
911
912 184
913 00:31:24,540 ~-~-> 00:31:33,720
914 o'clock in the morning, time for New York, the local time for me on the East
915 Coast of the United States. I'm in the state of Maryland. So I'm East Coast
916
917 185
918 00:31:33,720 ~-~-> 00:31:37,230
919 time. So whatever the time is in New York, it's my local time.
920
921 186
922 00:31:37,800 ~-~-> 00:31:53,130
923 So for this, this platform here, it's going to show 1200 is my 7am in New York
924 time, so that's what it looks like for me, what it means for you on your broker
925
926 187
927 00:31:53,130 ~-~-> 00:31:58,560
928 and where you are globally, I don't even know. And I don't want to have that
929 discussion. Because it's very confusing for me, and I have no shame in telling
930
931 188
932 00:31:58,560 ~-~-> 00:32:07,380
933 you, I've messed them too many people up in the past doing that, trying to help
934 them and I made it worse. So just know what it is in New York, time to figure it
935
936 189
937 00:32:07,380 ~-~-> 00:32:14,790
938 out on your platform, whatever, seven o'clock in the morning is New York for
939 your time locally and for your platform, and then you'll be calibrated. It's
940
941 190
942 00:32:14,790 ~-~-> 00:32:26,280
943 just that simple. Okay, so I can't help everybody because you're all in
944 different parts of the world. Now, what I have noted down here, is, this is a
945
946 191
947 00:32:26,580 ~-~-> 00:32:37,830
948 little notation I've made, it is not an indicator. In my opinion, this is so
949 much better than the MT four little time thing. Okay, it shows the kill zone.
950
951 192
952 00:32:38,370 ~-~-> 00:32:47,580
953 And the fact that that little line down here highlights the window beginning and
954 ending of the kill zone doesn't mean anything to me. I don't look like that what
955
956 193
957 00:32:47,580 ~-~-> 00:33:01,530
958 I'm looking at is a mine in my personal journal, my charts look like this. Okay,
959 what I'll do is, at the time of daylight savings time, for about two weeks or so
960
961 194
962 00:33:01,530 ~-~-> 00:33:14,910
963 I actually overlap when seven o'clock comes. And when 12 o'clock comes. And when
964 two o'clock in the morning comes where the London open kill zone is. So
965
966 195
967 00:33:14,910 ~-~-> 00:33:22,800
968 basically I'm saying is when Daylight Savings Time is in effect. And when it's
969 not in effect, I still use those reference points, the same, I overlap them.
970
971 196
972 00:33:23,400 ~-~-> 00:33:32,340
973 See, this used to be seven o'clock until we had the time shift for daylight
974 savings time. And then we did daylight savings, and it shifts it on this
975
976 197
977 00:33:32,340 ~-~-> 00:33:43,230
978 platform to here. Okay, so I keep it the same. And this is what I meant on baby
979 pips like I don't mess with daylight savings time. Because in this case, you can
980
981 198
982 00:33:43,230 ~-~-> 00:33:51,870
983 see that the setup doesn't really give it to you. If you use standardized
984 daylight savings time as it is right now in New York time, you actually are
985
986 199
987 00:33:51,930 ~-~-> 00:34:01,380
988 entering before the actual kill zone. But because I do an overlapping, I
989 compensate for that. So I've beaten the market makers many times using this
990
991 200
992 00:34:01,380 ~-~-> 00:34:10,260
993 application here with time and price. So that's why it's important to have
994 notations on your chart. That's why it's justifying here. And that's why
995
996 201
997 00:34:10,260 ~-~-> 00:34:18,990
998 sometimes when you look at my chart, you'll see there's a particular highlight
999 of a time window. And it may not be jiving for what you have on your chart. And
1000
1001 202
1002 00:34:18,990 ~-~-> 00:34:29,400
1003 it's because you're not incorporating to the compensation I've made for daylight
1004 savings time or the lack thereof. Okay. So now, what I do is I just simply draw
1005
1006 203
1007 00:34:29,400 ~-~-> 00:34:42,780
1008 a little small little box, draw a little segment of price act or not price
1009 action but segment of trendline and encapsulate the window of time that I think
1010
1011 204
1012 00:34:42,780 ~-~-> 00:34:53,640
1013 the signal is going to form. And I'd make a notation on my chart as to what I'm
1014 looking at. This is daylight savings time, so it's adjusted for that. Now say I
1015
1016 205
1017 00:34:53,640 ~-~-> 00:35:04,650
1018 want to do this same thing. Say tomorrow was say was Thursday today, and we want
1019 to be Doing the same thing tomorrow, all you have to do is go in here and go
1020
1021 206
1022 00:35:04,650 ~-~-> 00:35:13,890
1023 into the properties. parameters and change the 17 to an 18.
1024
1025 207
1026 00:35:19,410 ~-~-> 00:35:31,140
1027 And click OK. Boom, and it takes you and puts it right over here again. That's a
1028 better Killzone to gas, it takes a couple steps. Why don't want to do that,
1029
1030 208
1031 00:35:31,140 ~-~-> 00:35:40,230
1032 Michael, I want to have that really cool smart looking indicator, because it
1033 makes me look like I'm smart. And it's just a lazy man's approach. I wish I
1034
1035 209
1036 00:35:40,230 ~-~-> 00:35:48,000
1037 never would have used it or shown it because I get bothered with that indicator
1038 more than any other one, even with an ADR because they think this is somehow
1039
1040 210
1041 00:35:48,300 ~-~-> 00:35:58,620
1042 lighting up something on my chart. And it's not, it's just highlighting the
1043 dependency I have on time and price agreeing with one another. That's it. So
1044
1045 211
1046 00:35:59,940 ~-~-> 00:36:14,310
1047 what led me to believe that we were going to go up to as high as 128 26. I can't
1048 tell you to kill you. But skin, if you look at the the lows, I mean, sorry,
1049
1050 212
1051 00:36:14,310 ~-~-> 00:36:29,010
1052 though, the highs over here. Okay. If we take that price range, and we take the
1053 low, up to the high, and I take our fib anchored there, and just draw it up?
1054
1055 213
1056 00:36:29,850 ~-~-> 00:36:43,350
1057 Short, right up to the highest close. Okay. What's the level above this? What's
1058 the next fib level? It goes to target one. Okay, so target one, we're gonna drop
1059
1060 214
1061 00:36:43,350 ~-~-> 00:36:57,720
1062 a line on that. Right there. We'll walk that out in time. Right here is a nice,
1063 reasonable price level to get out at. Now, if you were buying long in New York
1064
1065 215
1066 00:36:57,720 ~-~-> 00:37:07,530
1067 open and got out there, would you be satisfied with that? Sure, anybody would,
1068 it's no reason for you not to feel satisfied about that. But because that
1069
1070 216
1071 00:37:07,920 ~-~-> 00:37:19,680
1072 particular level, is what it is, it's 120 807 was like suggesting if we go
1073 above, now, this is where tape reading comes in. Okay. This is the part that
1074
1075 217
1076 00:37:19,680 ~-~-> 00:37:27,840
1077 makes my stuff look way better than if anybody else uses a Fibonacci or kill
1078 zones are order blocks, because they all try to do it. But there's things that
1079
1080 218
1081 00:37:27,840 ~-~-> 00:37:39,000
1082 you got to use that come by way of studying price action, these equal highs or
1083 were below the 128. Big figure. So if we're thinking that it's going to go above
1084
1085 219
1086 00:37:39,030 ~-~-> 00:37:50,520
1087 these levels in here, what's it ultimately on, it's probably going to reach for
1088 the 128. Big figure. So if that's the case, we go back down and calibrate our
1089
1090 220
1091 00:37:50,520 ~-~-> 00:38:00,480
1092 horizontal line to 128. So we're reminding ourselves that there's liquidity low
1093 here, order flow. As I teach it, this is one of the barest bones, little pieces
1094
1095 221
1096 00:38:00,480 ~-~-> 00:38:07,620
1097 of nugget information you're gonna get from me, I'm going to amplify anymore in
1098 this, but this will make you very consistent. And I've already told you already,
1099
1100 222
1101 00:38:08,430 ~-~-> 00:38:19,050
1102 if we are reaching up to a big figure, in this case, the big figures 120. If
1103 that's likely to happen, your mind should jump immediately to Okay, it's
1104
1105 223
1106 00:38:19,050 ~-~-> 00:38:31,230
1107 probably gonna go 10 to 20 pips above the big figure. Now, if you just simply
1108 take 10 to 20 pips above these highs alone, this is 10. Right there, and 20 is
1109
1110 224
1111 00:38:31,230 ~-~-> 00:38:41,430
1112 here. There's nothing wrong with that, that gets us really close to the reason
1113 really nice. I mean, the bodies of the candles, you can see stop, rate the basis
1114
1115 225
1116 00:38:41,460 ~-~-> 00:38:48,480
1117 or not the base for the top of that 20 PIP range above these equal highs.
1118 Nothing wrong with that either. If that's what you would have used to get out,
1119
1120 226
1121 00:38:48,510 ~-~-> 00:38:58,650
1122 no problem. I'm just a freak, I won't have insane accuracy where no one can
1123 touch me, I want to be in a different level, I want to be another platform of
1124
1125 227
1126 00:38:59,370 ~-~-> 00:39:09,960
1127 accuracy and consistency that no one can come close to me. And that's always
1128 been my driving passion in this. If you want that, then you have to incorporate
1129
1130 228
1131 00:39:09,960 ~-~-> 00:39:22,770
1132 the same 20 PIP range to that 128 big figure, right there. Now once you do that,
1133 you take our horizontal line, drop it on, if you can get it to work for you, and
1134
1135 229
1136 00:39:22,770 ~-~-> 00:39:34,710
1137 drag it where it's supposed to go right there. That's pretty damn close. That's
1138 another level 128 20 institutional price level. And it's done. Now you can see
1139
1140 230
1141 00:39:36,960 ~-~-> 00:39:49,410
1142 during this entry in the what is that New York, New York open yesterday, I was
1143 wanting to get above this level here already. I never would have gotten it, but
1144
1145 231
1146 00:39:49,410 ~-~-> 00:39:58,170
1147 it would have been real close to it. I would have been short by Pip. So I would
1148 have been really pissed off. If I would have missed all this down move, but
1149
1150 232
1151 00:39:58,230 ~-~-> 00:40:09,630
1152 captured the big question. To move, and I felt no conviction to hold for
1153 anything higher. It only went a little bit more than I thought it would. I
1154
1155 233
1156 00:40:09,630 ~-~-> 00:40:18,510
1157 screencapture by way of a text and I said to my son said, Look, I need you to go
1158 in there and just do a screen capture,
1159
1160 234
1161 00:40:18,660 ~-~-> 00:40:27,300
1162 push it to the Twitter, don't comment on anything, just send the chart to him. I
1163 want him to see it as as it's happening. Well, let me show this. You can see
1164
1165 235
1166 00:40:27,300 ~-~-> 00:40:34,950
1167 what's happened since then, on my drive, whom I was watching it on my phone. And
1168 I was like, man, I knew where it's going, it's going to go back down into the
1169
1170 236
1171 00:40:35,760 ~-~-> 00:40:50,790
1172 2750. Now, we've yet to get down there. But I think ultimately, that's probably
1173 what it'll try to do. This is a TGI f trade, just like the cable traders. And TJ
1174
1175 237
1176 00:40:50,790 ~-~-> 00:41:02,280
1177 f will actually acts. I'll teach that to my mentorship. Next week. So on the
1178 axiom won't be next week, it'll be this weekend. Preview. So yeah, you guys that
1179
1180 238
1181 00:41:02,280 ~-~-> 00:41:10,590
1182 are watching her in the mentorship. I'll teach you the TGF trade in our pre
1183 market analysis that we have it. But the folks that are joining me next year,
1184
1185 239
1186 00:41:10,590 ~-~-> 00:41:19,500
1187 you'll have access to that stuff too. But nonetheless, you don't need that. It's
1188 just another way of interpreting price action on a specific trading day Fridays.
1189
1190 240
1191 00:41:20,160 ~-~-> 00:41:27,180
1192 You don't need it. There's plenty of other opportunities in here. Wonderful,
1193 awesome. With optimal trade entry for the New York session here. Breaking market
1194
1195 241
1196 00:41:27,180 ~-~-> 00:41:36,150
1197 structure as it was taught to you in a scalping. It's reaching for previous
1198 day's highs 10 to 20 pips above and behind your eyes should go to equal high
1199
1200 242
1201 00:41:36,150 ~-~-> 00:41:45,270
1202 equal low. So that way, you know where the draw is. Okay. So the question I got
1203 the other day was you How did you know that price was going to go up to this
1204
1205 243
1206 00:41:45,270 ~-~-> 00:41:55,830
1207 area? Well, that's going to come by experience, not every answer is going to be
1208 so clear cut. And I'm going to be honest, some of the questions that are asked
1209
1210 244
1211 00:41:55,860 ~-~-> 00:42:05,760
1212 of me in the mentorship are just like that, too. And I respond the same way,
1213 it's going to come with experience. Now there's a lot of rule based binary,
1214
1215 245
1216 00:42:06,180 ~-~-> 00:42:16,560
1217 thinking, it's this and then it's that it's this or it's that or it's this or it
1218 has nothing to do. But there's some things that simply can't be communicated
1219
1220 246
1221 00:42:17,070 ~-~-> 00:42:29,280
1222 without the scope of experience. And that's going to have to come by your time
1223 in this and I can't short net for you, I can't make it easier or less painful.
1224
1225 247
1226 00:42:29,820 ~-~-> 00:42:37,050
1227 Some of you are going to be more stubborn than the others. And the ones that
1228 aren't as stubborn, will do better. They'll they'll learn faster, not be a
1229
1230 248
1231 00:42:37,050 ~-~-> 00:42:46,320
1232 better trader, maybe they could be a no, I don't know. But the point is that
1233 some of you want the impossible to happen for you. And I can't make that happen.
1234
1235 249
1236 00:42:46,470 ~-~-> 00:42:57,660
1237 As much as I would love to be able to do it. And believe me, I think my
1238 character and my personality shows you if there was a way for me to do it. Okay,
1239
1240 250
1241 00:42:57,660 ~-~-> 00:43:06,870
1242 and remove the necessity for experience and some of the things that you'll have
1243 to learn by that very thing experience, I would be doing it. And since I can't,
1244
1245 251
1246 00:43:06,960 ~-~-> 00:43:16,080
1247 I don't know how to do it. It's what it is. And we can't escape that it's a
1248 truth. It's truth. It's just anything You can't escape it experience is
1249
1250 252
1251 00:43:16,320 ~-~-> 00:43:30,960
1252 necessary. So I think that is going to do it for today. I don't wanna spend too
1253 much time to make this a long, long winded winded video. But a couple of you
1254
1255 253
1256 00:43:30,960 ~-~-> 00:43:38,910
1257 asked about the Wii I did the other day, I did a live session. And I got real
1258 loose with my tongue. And I said a lot of things I didn't want to do. And that
1259
1260 254
1261 00:43:38,910 ~-~-> 00:43:49,320
1262 was one of the things I said I wasn't going to put in my YouTube videos anymore.
1263 So I was a little bit cool. Last time I did that. So hopefully this has been
1264
1265 255
1266 00:43:49,320 ~-~-> 00:43:59,970
1267 insightful to you and you've not been bored, or confused, hopefully brought some
1268 clarity to what price has done this week. And I saw other trades I've taken this
1269
1270 256
1271 00:43:59,970 ~-~-> 00:44:09,510
1272 week. But you've seen them on Twitter. And they're pretty much straightforward.
1273 But these are the highlights, these are the real nice ones that took place. But
1274
1275 257
1276 00:44:10,590 ~-~-> 00:44:16,230
1277 I tried to get the dollar Cad a little early, and I got stung on that one. But
1278 ultimately,
1279
1280 258
1281 00:44:17,579 ~-~-> 00:44:26,879
1282 like last time, you know when I took a loss is expect the same thing to happen.
1283 Going forward to set up set up the same way I use the idea where the markets
1284
1285 259
1286 00:44:26,879 ~-~-> 00:44:34,079
1287 most likely gonna go and I taught you the very easiest way to find opportunities
1288 for that. How you know where the markets gonna go? Where's the bias? Where's
1289
1290 260
1291 00:44:34,079 ~-~-> 00:44:40,889
1292 this Where's that? It starts by understanding that daily chart, looking at an
1293 hourly chart looking at old highs and old lows where they could potentially
1294
1295 261
1296 00:44:40,889 ~-~-> 00:44:54,659
1297 reverse and looking for equal highs and equal lows. Those price points are gold
1298 mines. They are absolute gold mines. You cannot find anything easier than that.
1299
1300 262
1301 00:44:54,869 ~-~-> 00:45:02,189
1302 Double tops and double bottoms will get rated. Now they can sit in the
1303 marketplace for a long time. A period of time, especially if you're wrong about
1304
1305 263
1306 00:45:02,189 ~-~-> 00:45:11,159
1307 your bias. For instance, I mean, if you look at the 15th, you know, it was two
1308 days ago, you know, people probably forgot about that double top, but I don't,
1309
1310 264
1311 00:45:11,699 ~-~-> 00:45:22,559
1312 because I make notations on my chart. Now I have a completely isolated trading
1313 station where I have my CPU, and I don't even surf the internet with that. I
1314
1315 265
1316 00:45:22,559 ~-~-> 00:45:33,149
1317 don't sign on to anything except for my data provider. I'm pulling from a
1318 signal. And I don't do anything, but I use it for my analysis and trading. And
1319
1320 266
1321 00:45:33,149 ~-~-> 00:45:43,079
1322 that's it. Empty for it's on my phone, it's on my iPads, and it's on my laptops.
1323 Okay. I have a couple laptops, because when I was doing mentorship, my son was
1324
1325 267
1326 00:45:43,079 ~-~-> 00:45:53,939
1327 helping me. And sometimes he would post charts for me, and they would not be the
1328 same demo account. But they weren't, they weren't showing any any trades anyway.
1329
1330 268
1331 00:45:54,329 ~-~-> 00:46:08,549
1332 So I don't have a way for you to see my real setups, mark my charts and stuff
1333 like that, because it's not through Mt. Four. I don't trade through Mt. Four, I
1334
1335 269
1336 00:46:08,549 ~-~-> 00:46:19,379
1337 don't use this demo account for this demo provider, like forex Ltd. is the
1338 actual What do you call it? The broker for this, this data feed comes from them.
1339
1340 270
1341 00:46:19,379 ~-~-> 00:46:29,219
1342 The only reason why I've ever used forex Ltd, is because they offer the dollar
1343 index. Now if I was willing to go through a pursuit of knowing another broker
1344
1345 271
1346 00:46:29,219 ~-~-> 00:46:39,539
1347 that provides the dollar index and maybe does the the bonds, and maybe does
1348 commodities. And that would be even better. You know, I would look for that one.
1349
1350 272
1351 00:46:39,659 ~-~-> 00:46:47,759
1352 But it just so happens that this one was the first one I found. And I stuck with
1353 it for years. Yeah, that's distinct. This is a good one to use. They have a
1354
1355 273
1356 00:46:47,759 ~-~-> 00:46:57,719
1357 problem sometimes with their data, they're pretty lazy with gaps in their price.
1358 And I switched from them and used a demo account. I can't remember the name of
1359
1360 274
1361 00:46:57,719 ~-~-> 00:47:08,849
1362 the company. But my mentorship group knows if you know which one it was, you
1363 want to tweet it to everybody, that's also one that did have I think they'd have
1364
1365 275
1366 00:47:08,849 ~-~-> 00:47:17,399
1367 the dollar index on it. But the long short of is that you want to have a
1368 reference point and I'm not doing $1 index today. Because my charts have all
1369
1370 276
1371 00:47:17,399 ~-~-> 00:47:24,959
1372 mentorship notations on them. And I knew if I start talking about dollar, my
1373 tongue is gonna slip and I'm gonna talk about things I'm not supposed to talk
1374
1375 277
1376 00:47:24,959 ~-~-> 00:47:32,279
1377 about. So you just have to take me for my word and just know that this is
1378 enough. You'll need to see the dollar this everything that you're seeing in here
1379
1380 278
1381 00:47:32,339 ~-~-> 00:47:42,749
1382 is going to be the opposite for the dollar index. Okay, well, not so much on the
1383 dollar CAD but for euro dollar and British Pound USD. Okay. And I think that's
1384
1385 279
1386 00:47:42,749 ~-~-> 00:47:51,089
1387 gonna do it. So hopefully, you've had fun this week, I had a lot of fun. It's,
1388 it's really fun for me to be able to share this stuff with you guys point you in
1389
1390 280
1391 00:47:51,089 ~-~-> 00:47:59,669
1392 the right direction, and get you thinking about certain things. A lot of you are
1393 really doing well. I'm encouraged as a mentor to see that happening. You're
1394
1395 281
1396 00:47:59,669 ~-~-> 00:48:10,589
1397 taking excess without me spoon feeding and that's been the whole point. Okay,
1398 2010, I stepped out. And I said, Okay, I'm gonna have a social experiment. And
1399
1400 282
1401 00:48:10,589 ~-~-> 00:48:21,149
1402 none of you knew that you were getting pigs. You just, were just happy campers
1403 is eating up every video I made. Loving the music, loving the content. Maybe not
1404
1405 283
1406 00:48:21,149 ~-~-> 00:48:30,299
1407 so much me. But still, it was entertaining enough for you to be engaging with me
1408 every single trading day. I was giving a video every single day. It was meant to
1409
1410 284
1411 00:48:30,299 ~-~-> 00:48:40,829
1412 see who would learn this like I did. And no one did. I could have done it just
1413 like this. From the beginning. I could have very easily sat down and said, Okay,
1414
1415 285
1416 00:48:40,829 ~-~-> 00:48:49,709
1417 here's a couple videos. Focus on this and practice. Okay. But that's not what I
1418 wanted to say I need to I needed to be entertained by it. I that was the whole
1419
1420 286
1421 00:48:49,709 ~-~-> 00:48:59,999
1422 point. I was entertained by people on the forums that talk about things that
1423 aren't what makes price move. And before I close today, I want to kind of like
1424
1425 287
1426 00:49:00,029 ~-~-> 00:49:08,909
1427 interject and say I saw the last tweet by one of the followers I have on
1428 Twitter. And he asked the question of what makes the Fibonacci so powerful. And
1429
1430 288
1431 00:49:09,659 ~-~-> 00:49:18,119
1432 get your paper pad and get ready write this down case. It's one singular word
1433 that makes that response. Nothing.
1434
1435 289
1436 00:49:19,980 ~-~-> 00:49:33,210
1437 It's an O t, h i n g. Nothing makes the Fibonacci powerful. Because price
1438 doesn't care about Fibonacci. Fibonacci is not okay, the power that makes this
1439
1440 290
1441 00:49:33,210 ~-~-> 00:49:43,830
1442 stuff happen. It's understanding order flow. And it's not with Dom's and depth
1443 of market and footprint and ladders and all these other things that are out
1444
1445 291
1446 00:49:43,830 ~-~-> 00:49:50,850
1447 there right now because they're limited in their scope. Especially if you're
1448 gonna be trading forex, you're not seeing every order. It's at those price
1449
1450 292
1451 00:49:50,850 ~-~-> 00:49:59,490
1452 levels, okay. And when we see that kind of stuff, it's no different than when we
1453 look at alanda. They have an order book thing, okay? And you don't know if those
1454
1455 293
1456 00:49:59,520 ~-~-> 00:50:07,740
1457 orders and They may not even be there. Okay, just like the footprint and the
1458 Dom's and depth of Mark and all those things, they can be flashing things that
1459
1460 294
1461 00:50:07,740 ~-~-> 00:50:19,920
1462 aren't really there anymore. So what there's there's that that's not the same as
1463 understanding, sentiment, and tape reading, that's essential. That's what makes
1464
1465 295
1466 00:50:19,920 ~-~-> 00:50:29,190
1467 me good at this. It's not Fibonacci, it's not order blocks. Order blocks is a
1468 way for me to communicate it to you. I'm seeing something entirely different.
1469
1470 296
1471 00:50:29,790 ~-~-> 00:50:39,870
1472 Like, I know above these highs here, there stops. But it's not just above these
1473 highs or at these highs. It's in grades of 1020, sometimes 30 pips, but you're
1474
1475 297
1476 00:50:39,870 ~-~-> 00:50:51,090
1477 not going to know that from looking at books and studying things and talking to
1478 people on forums, because they're so well indoctrinated with indicators, and old
1479
1480 298
1481 00:50:51,090 ~-~-> 00:51:00,570
1482 school theory, that's always been there to promote misinformation. And it
1483 probably doesn't, you probably don't want to agree with that you probably be if
1484
1485 299
1486 00:51:00,630 ~-~-> 00:51:07,830
1487 you're using stochastics and moving averages, you're making money, you're gonna
1488 disagree with me. And you're gonna say, you talked to a guy on the forum, or the
1489
1490 300
1491 00:51:07,860 ~-~-> 00:51:15,360
1492 Twitter, and they say that they know a market maker, or they know somebody that
1493 does this and does that or works at a bank and makes mortgages. He says that
1494
1495 301
1496 00:51:15,360 ~-~-> 00:51:25,440
1497 there's nothing like I'm saying in in the banking industry, and none of those
1498 people even know what I'm talking about. Because they wouldn't. It's all the way
1499
1500 302
1501 00:51:25,440 ~-~-> 00:51:36,930
1502 up to the central bank level. That's where price comes from. brokers can't
1503 manipulate price, except for just a small little sample size of a spread. Okay.
1504
1505 303
1506 00:51:38,520 ~-~-> 00:51:49,350
1507 That's the extent of the manipulation that could have a central bank. Since the
1508 price, it's the high and the low. And they do that it's already pre determined
1509
1510 304
1511 00:51:49,710 ~-~-> 00:51:57,780
1512 how fast it gets to those parameters, high or low, the day is all based on
1513 what's going to happen that particular day and how much liquidity is in the
1514
1515 305
1516 00:51:57,780 ~-~-> 00:52:05,490
1517 market at the time, no one's going to know that depth of markets not going to
1518 tell you that, okay, no other theory is going to happen to tell you that order
1519
1520 306
1521 00:52:05,490 ~-~-> 00:52:16,230
1522 blocks aren't going to tell you that, okay, breakers aren't going to tell you
1523 that speed is an undeterminable thing. Because that magnitude, net velocity is
1524
1525 307
1526 00:52:16,260 ~-~-> 00:52:27,030
1527 the unknown. I don't know if my trade is going to have rocket fuel in it. I know
1528 when it probably can have that condition in it. But I'm more concerned about
1529
1530 308
1531 00:52:27,030 ~-~-> 00:52:34,380
1532 knowing where's it ultimately trying to reach for because even if it doesn't go
1533 up there today, or go down there today. And everything remains true, like this
1534
1535 309
1536 00:52:34,410 ~-~-> 00:52:41,520
1537 dollar CAD trade. I tried to get it yesterday, and I was being real quiet about
1538 it. Because I have a student of mine that is been killing it going short. And I
1539
1540 310
1541 00:52:41,520 ~-~-> 00:52:54,750
1542 did not want to upset what he was doing. I took the trade and it stung me. But
1543 it didn't stay me today. I got the honey. So I want you to understand that if
1544
1545 311
1546 00:52:54,750 ~-~-> 00:53:03,990
1547 you look at the Twitter feed and look at the folks that are following me and
1548 responding to me. They're sharing charts, they're sharing entries, okay. And
1549
1550 312
1551 00:53:04,410 ~-~-> 00:53:13,140
1552 I'll be honest, and I want this to be understood with sincerity. I know some of
1553 you really like me. Okay. And I agree, I thank you for your respect. But some of
1554
1555 313
1556 00:53:13,140 ~-~-> 00:53:24,240
1557 you are actually faking your charts. And you're trying to show that you got in
1558 certain areas, when you have orders, actually in new in the market. You won't
1559
1560 314
1561 00:53:24,240 ~-~-> 00:53:31,440
1562 see that price line up over here, it won't highlight you're using the actual
1563 horizontal line like this. So when you're showing like, supposedly, you're
1564
1565 315
1566 00:53:31,440 ~-~-> 00:53:39,930
1567 getting long or short or your stop loss, they never highlight the price over
1568 there. So if you want to, you know, you don't need to do that. Basically what
1569
1570 316
1571 00:53:39,930 ~-~-> 00:53:48,690
1572 I'm saying, Yeah, I don't, I don't need that type of stroking. Okay, I know,
1573 just like, I can see that it's not real. My audience has seen that same stuff.
1574
1575 317
1576 00:53:48,690 ~-~-> 00:53:56,940
1577 And they're probably being very kind to you by not mentioning it to you. But
1578 they're not really in the order. You're not really making those trades. Okay, so
1579
1580 318
1581 00:53:57,360 ~-~-> 00:54:06,180
1582 you might see how it's happening in price and in hindsight, being sighted. And
1583 you want to throw me that, like, I'm gonna high five. Yeah, that's why I don't
1584
1585 319
1586 00:54:06,180 ~-~-> 00:54:09,810
1587 like those charts when they're shared with me, because I knew they're not really
1588 they're
1589
1590 320
1591 00:54:12,449 ~-~-> 00:54:22,709
1592 the ones that have their charts and you can clearly see that they're really in
1593 those trades. They're really in those trades. And I'm encouraged as a teacher
1594
1595 321
1596 00:54:23,489 ~-~-> 00:54:34,229
1597 teaching through a demo account that you're practicing the same things and those
1598 signals that you entered on. On the the framework that I've taught in the recent
1599
1600 322
1601 00:54:34,229 ~-~-> 00:54:43,289
1602 series I gave you guys you found those trades all by yourself. Now the ones that
1603 have done that some of you took the dollar CAD trade. I didn't tell you I took
1604
1605 323
1606 00:54:43,289 ~-~-> 00:54:53,039
1607 it. I didn't tell you how to do it yesterday. And I got hurt yesterday. It stung
1608 me. It's a demo last but still it I don't like it. I hate it pisses me off. I
1609
1610 324
1611 00:54:53,039 ~-~-> 00:55:03,779
1612 was wrong. But nonetheless. I'm not spoon feeding you setups and yet some of you
1613 are absolutely Doing what I've asked you to do, do the work step out there. So
1614
1615 325
1616 00:55:03,779 ~-~-> 00:55:14,189
1617 when we have the Fibonacci on there, we're not using the fib for an entry, we're
1618 using fibs to draw our attention to specific levels, just like when we have
1619
1620 326
1621 00:55:14,219 ~-~-> 00:55:22,049
1622 equal highs. And I told you to use that little rectangle idea to draw a little
1623 notation, keep your focus there. Okay, that's what you should have on your
1624
1625 327
1626 00:55:22,049 ~-~-> 00:55:30,629
1627 charts, those types of markers, not indicators and moving averages and all those
1628 types of things. You don't want to have that on your chart at all. Because it's
1629
1630 328
1631 00:55:30,629 ~-~-> 00:55:42,179
1632 going to distract you from price. And I have folks asking me, you know, why is
1633 the thing I really like, in terms of the color, because I, that's the least
1634
1635 329
1636 00:55:42,179 ~-~-> 00:55:57,299
1637 thing and interest to me. a confluence of these levels, that's what I'm looking
1638 for. I want to have an overlap of several things suggesting that an entry is
1639
1640 330
1641 00:55:58,349 ~-~-> 00:56:06,809
1642 possible, and that it has the likelihood of being profitable. And also the same
1643 thing with my exits, especially with my exits, because that's my weak spot, I
1644
1645 331
1646 00:56:06,809 ~-~-> 00:56:19,829
1647 don't have a satisfaction in my exits. And I know it probably sounds stupid,
1648 because you see what I'm doing. But I'm not satisfied with that, like I need to
1649
1650 332
1651 00:56:19,829 ~-~-> 00:56:31,049
1652 have something that's consistently delivering, where it doesn't morph. And it
1653 takes a lot of tape reading insight that I've gained over two decades to get
1654
1655 333
1656 00:56:31,049 ~-~-> 00:56:40,979
1657 that. And I have not yet found a way where I can say, this is an exit strategy
1658 that works uniformly where like, you can see my optimal trade entry entry
1659
1660 334
1661 00:56:41,429 ~-~-> 00:56:50,189
1662 pattern, and it's pretty straightforward. It's a market structure break. It's a
1663 specific time and kill zone, and then trades down to a 62% retracement level.
1664
1665 335
1666 00:56:50,429 ~-~-> 00:57:02,519
1667 That's my, that's my approach. That's it. You know, that's not anything that you
1668 can change around make it mysterious. If we looked at the cable, right now, if
1669
1670 336
1671 00:57:02,519 ~-~-> 00:57:14,609
1672 we looked at this particular pair, your I should go right to all of the even
1673 highs and even lows. Okay, that's what you should do. That's your first I guess
1674
1675 337
1676 00:57:14,609 ~-~-> 00:57:26,159
1677 crash course on looking at order flow. Because the market will very repetitively
1678 very consistently go right to those reference points and price action. Equal
1679
1680 338
1681 00:57:26,159 ~-~-> 00:57:45,509
1682 highs above here, you want to be getting out there. Okay. I know it's hard to
1683 see me zoom in right here. This exit point, I'm getting out ahead of this high
1684
1685 339
1686 00:57:45,539 ~-~-> 00:57:56,399
1687 because I don't know if it's going to break when I'm when I'm in this trade. And
1688 it's reaching for equal highs I want to get out of that at or just below it. And
1689
1690 340
1691 00:57:56,399 ~-~-> 00:58:06,719
1692 that was my first portion of that exit. Now I did this on a short little video,
1693 but it's not based on fib. It was based on orders that were resting below these
1694
1695 341
1696 00:58:06,719 ~-~-> 00:58:17,159
1697 equal lows. And you saw that in that little 45 second video price dips down as
1698 it was going down I was buying it which doesn't make sense to retail trader
1699
1700 342
1701 00:58:17,159 ~-~-> 00:58:23,939
1702 because they want to see it going up to be buying I'm buying it as the sell
1703 stops are activated because there's sell stops you're going to be market orders
1704
1705 343
1706 00:58:23,939 ~-~-> 00:58:38,699
1707 to sell at the market and I want to pair my entry of buying with willing sellers
1708 just as well is that is very generic. I need to have my exit strategies like
1709
1710 344
1711 00:58:38,699 ~-~-> 00:58:48,539
1712 that and I have yet in 25 years not been able to do so. And that is what I'm
1713 working on. And that's my masterpiece. If I can finish before I leave this earth
1714
1715 345
1716 00:58:48,539 ~-~-> 00:59:01,109
1717 and the exit strategy that I'm satisfied with then my legs complete. Yes, I have
1718 struggled man I have struggled with this. My entire trading career I have not
1719
1720 346
1721 00:59:01,109 ~-~-> 00:59:05,189
1722 been satisfied with it because it depends too much on my
1723
1724 347
1725 00:59:07,530 ~-~-> 00:59:17,010
1726 experience reading the tape and reading the tape is a way of reading price.
1727 Because we before we had electronic trading and such, we had to follow it on
1728
1729 348
1730 00:59:17,010 ~-~-> 00:59:25,590
1731 quotes. Okay, and I had a quote track machine which is like a big old handheld
1732 device like a transistor radio, but kind of thing I couldn't trade from it. It
1733
1734 349
1735 00:59:25,590 ~-~-> 00:59:33,660
1736 was just a quote machine. We're just getting the quotes all day long. And I
1737 could read the tape and I could read the daily range based on what the quote
1738
1739 350
1740 00:59:33,660 ~-~-> 00:59:44,280
1741 high was what the quote low was, and I would make notations what the highest
1742 high was each hour and what the lowest low was each hour. Now when I was being
1743
1744 351
1745 00:59:44,280 ~-~-> 00:59:54,720
1746 bullish on s&p 500 or the Treasury markets, which is my two predominant markets
1747 I was trading back then as commodity trader I would know based on where has
1748
1749 352
1750 00:59:54,720 ~-~-> 01:00:07,020
1751 traded and where I had predetermined highs and lows on the day. And they were
1752 just for floor trader numbers. Okay. And while they worked phenomenal, and they
1753
1754 353
1755 01:00:07,020 ~-~-> 01:00:19,890
1756 still work phenomenal in futures markets, there are far more reliable things in
1757 forex, that transcend everything else that's out there in terms of accuracy. And
1758
1759 354
1760 01:00:19,920 ~-~-> 01:00:31,350
1761 the folks in my mentorship know exactly what I mean, when it relates to the
1762 dollar CAD, the dollar CAD, that level that, that high form that I was off by
1763
1764 355
1765 01:00:31,350 ~-~-> 01:00:42,540
1766 one, Pip. So yeah, and look where it's trading at now. Now, I don't exit there,
1767 I didn't exit at the high, I want to get out at that price point, as I'm, as
1768
1769 356
1770 01:00:42,540 ~-~-> 01:00:52,770
1771 it's moving towards it. But I want to be doing that type of thing all the time
1772 in my exit strategy. My hope is, this is my, this is my real inspiration here.
1773
1774 357
1775 01:00:54,030 ~-~-> 01:01:08,040
1776 If I can get a large number of you, knowing how I trade, I'm confident that
1777 someone like me, that takes my shortcoming because my mentor, Larry Williams, he
1778
1779 358
1780 01:01:08,040 ~-~-> 01:01:18,360
1781 said his weakness was one big bullish days, and he couldn't understand how
1782 buyers buy below the opening price. When it's up close day. It couldn't figure
1783
1784 359
1785 01:01:18,360 ~-~-> 01:01:32,910
1786 it out. When I learned from his training, video concepts, and you books and
1787 such, and he had made remark, and some of you that's been with me for a long
1788
1789 360
1790 01:01:32,910 ~-~-> 01:01:42,750
1791 time, you already know, I'm going to say, but you're gonna have to hear it
1792 again. Sorry. He's his strategies. And if you study his stuff, he's never buying
1793
1794 361
1795 01:01:42,750 ~-~-> 01:01:52,830
1796 down here. He's never been he's never a buyer down here. He wants to see it
1797 rally to a certain point. And then he'll buy. And I tried that stuff. And it
1798
1799 362
1800 01:01:52,830 ~-~-> 01:01:59,250
1801 doesn't work well, for me, it never worked for me, it would always come back hit
1802 my stop and knock me out. And then maybe sometimes it did rally later on. And I
1803
1804 363
1805 01:01:59,250 ~-~-> 01:02:13,440
1806 was not in the mood. So he was very honest, in his statement that his actual
1807 words were I wish I knew him saying that, in his words. He wished he knew just
1808
1809 364
1810 01:02:13,440 ~-~-> 01:02:23,340
1811 the zip codes of the traders that were able to buy down here. Maybe that would
1812 help him because he couldn't figure out how to do that. And that authored me
1813
1814 365
1815 01:02:23,430 ~-~-> 01:02:33,900
1816 because I looked at this guy like the Babe Ruth of baseball, you know, he's like
1817 the you Muhammad Ali of boxing. This is the man. I mean, this this guy saying he
1818
1819 366
1820 01:02:33,900 ~-~-> 01:02:45,270
1821 can't do it. What the hell's wrong with this picture something wrong. So because
1822 I'm obsessive compulsive, and because I have a superiority complex, like, I have
1823
1824 367
1825 01:02:45,270 ~-~-> 01:02:54,360
1826 to be the man. Okay, and I'm being honest with you. So I took that as a personal
1827 challenge. If I'm going to carve out my niche in this industry, I'm going to
1828
1829 368
1830 01:02:54,360 ~-~-> 01:03:03,480
1831 figure out that conundrum. And I'm going to figure it out. Because the man
1832 that's done what nobody else has been able to do. It admitted publicly, that he
1833
1834 369
1835 01:03:03,480 ~-~-> 01:03:13,590
1836 can't do that. So I made my life's passion, figuring out what makes this part of
1837 the daily range, create the low the day. And because I only want to be a buyer
1838
1839 370
1840 01:03:13,590 ~-~-> 01:03:19,860
1841 there at that opening price or below it. Now, you can't do that when you're
1842 doing in New York setup, because it's already going to be inside that range up
1843
1844 371
1845 01:03:19,860 ~-~-> 01:03:34,320
1846 here. But I had spent half of my career just dialing on this. So for the last
1847 eight, well known as much closer to 10 years now 10 years, I have been
1848
1849 372
1850 01:03:34,350 ~-~-> 01:03:46,320
1851 consistently destroying the markets that I trade in this area. And I'm doing it
1852 consistently over and over and over and over. And it's repeatable, and it's
1853
1854 373
1855 01:03:46,320 ~-~-> 01:03:56,670
1856 teachable, because my students are now doing it too. So I have never had the
1857 privilege and I want to try to do this one day. I don't know how to frame the
1858
1859 374
1860 01:03:56,670 ~-~-> 01:04:04,680
1861 conversation is that I'm gonna come across as an arrogant jerk. But I want to be
1862 able to sit with him and say, hey, look,
1863
1864 375
1865 01:04:05,549 ~-~-> 01:04:14,759
1866 this is what I've done as a result of you not being able to teach it to me, you
1867 still were the inspiration behind it. So why I say this to you is not because
1868
1869 376
1870 01:04:14,759 ~-~-> 01:04:24,419
1871 I'm better than Larry Williams. I'm not claiming that. Okay. What I'm saying to
1872 you is, by me teaching as the role of Larry Williams was to me, I'm like your
1873
1874 377
1875 01:04:24,419 ~-~-> 01:04:35,609
1876 Larry Williams, I'm sharing with you an inability for me as a trader, to come up
1877 with a strategy that is consistently uniform, where it doesn't deviate. It's the
1878
1879 378
1880 01:04:35,609 ~-~-> 01:04:43,229
1881 same way of doing it all the time where it's cookie cutter, like my entry
1882 strategies are cookie cutter. It's real easy. It's the same stuff. I have
1883
1884 379
1885 01:04:43,259 ~-~-> 01:04:52,109
1886 struggled with framing my exit strategy, where it's the same way I don't have, I
1887 don't have the capacity to do it. And it's been frustrating for me. So I'm
1888
1889 380
1890 01:04:52,109 ~-~-> 01:05:01,349
1891 hoping that I can get a large number of you trained to see the things that I
1892 know and able to execute on if you're able to do that. thing I'm hoping, and I
1893
1894 381
1895 01:05:01,349 ~-~-> 01:05:10,649
1896 believe this, oh, heartily, I believe it, that there's one if not more of you
1897 that are going to use your intelligence and your passion for this. And you're
1898
1899 382
1900 01:05:10,649 ~-~-> 01:05:24,449
1901 going to find a way of using what I do to create a uniform exit strategy that
1902 will satisfy me, not because, you know, I need it, I don't need it. What I'm
1903
1904 383
1905 01:05:24,449 ~-~-> 01:05:35,399
1906 doing is enough, but because I have OCD, which is obsessive compulsive disorder.
1907 I wrestle with this all the time, I'm never satisfied with it. And it's a
1908
1909 384
1910 01:05:35,399 ~-~-> 01:05:45,809
1911 weakness, it's absolutely a weakness. But I tell you this in my tutorials, not
1912 to demand it, but I suffer with it. Because I've always had this, I've always
1913
1914 385
1915 01:05:45,809 ~-~-> 01:05:58,709
1916 had this problem. And it stems from not having parents that really gave too much
1917 concern for me, I was raised by my grandparents. So I've always struggled for
1918
1919 386
1920 01:05:58,739 ~-~-> 01:06:11,309
1921 this sense of accomplishment. and adoration. I've always wanted that, I needed
1922 that. So this industry, it has supplied that for me. And I get that that's the
1923
1924 387
1925 01:06:11,309 ~-~-> 01:06:20,399
1926 reason why I do all these videos. That's why I do all the teachings, because it
1927 supplies what I have a hole in, in my life, that doesn't feel no, I believe in
1928
1929 388
1930 01:06:20,399 ~-~-> 01:06:29,639
1931 God, he does fulfill a lot of those things. But there's still that little itch
1932 that can't be satisfied because my parents weren't parents to me. And I know who
1933
1934 389
1935 01:06:29,639 ~-~-> 01:06:42,569
1936 they are, but they just never weren't what I would have hoped them to, to be. So
1937 I have to do things to feel, I guess, satisfied. And I can't beat this one. I
1938
1939 390
1940 01:06:42,569 ~-~-> 01:06:57,509
1941 just can't, I can't like it. So my colon, my whole inspiration behind all this
1942 stuff is I know how it worked for me. Now, Larry wins by never knows who I am in
1943
1944 391
1945 01:06:57,509 ~-~-> 01:07:04,559
1946 regards to figuring out that that little mystery if you had a Bible of the
1947 opening price, and I'm sure there's a whole lot more people out there that do it
1948
1949 392
1950 01:07:04,559 ~-~-> 01:07:15,149
1951 that just don't care, talk about it, they just stay home and do it. But I want
1952 to be able to say this is what I did. And because no one taught it to me, I
1953
1954 393
1955 01:07:15,149 ~-~-> 01:07:23,129
1956 figured it out by studying and studying, studying, studying, and figuring out
1957 certain things that take place in the marketplace for manipulation purposes. But
1958
1959 394
1960 01:07:24,209 ~-~-> 01:07:32,609
1961 you can do all the manipulation points that usually take place, but it ain't
1962 gonna end up knowing where the high low is going to be at. You got to know other
1963
1964 395
1965 01:07:32,609 ~-~-> 01:07:44,219
1966 things. And it comes by looking at charts for a long time and seeing things over
1967 and over again. But I will say this as it relates to the euro dollar. And I hate
1968
1969 396
1970 01:07:44,219 ~-~-> 01:07:51,599
1971 the fact that I'm bouncing all over the place right now because of the
1972 disruption I had earlier. Took me off my train of thought I had a group going
1973
1974 397
1975 01:07:51,599 ~-~-> 01:08:04,649
1976 and I mentioned this in the previous live session I did. And it based on wycoff.
1977 The folks that don't really care too much about me, they like to have their
1978
1979 398
1980 01:08:04,679 ~-~-> 01:08:16,409
1981 little jabs at me whatever. And they say that what I teach are regurgitation and
1982 repackaging of other things. And they don't listen, when I've been very candid
1983
1984 399
1985 01:08:16,409 ~-~-> 01:08:27,719
1986 about the folks that had a part in my development over the last 25 years.
1987 Largely it's Larry Williams and George ngl for s&p 500 trading. Ken Roberts was
1988
1989 400
1990 01:08:27,719 ~-~-> 01:08:36,419
1991 the guy that got me in the business of trading and he first person I learned
1992 from and I learned perfectly as you would expect how to lose money, and I lost a
1993
1994 401
1995 01:08:37,349 ~-~-> 01:08:51,899
1996 good chunk of my first trade. My Account was you smashed on an option. And y'all
1997 mostly know that story too. But my mentors have been les Williams, George and
1998
1999 402
2000 01:08:51,900 ~-~-> 01:09:00,360
2001 Joe, Linda raschke and Larry Connors with the street smarts book, john Murphy,
2002 with his intermarket analysis book and his technical analysis of the financial
2003
2004 403
2005 01:09:00,360 ~-~-> 01:09:07,590
2006 markets. Those two books should be in everyone's library. So there's three books
2007 right there right away, you should know and have how I made a million dollars in
2008
2009 404
2010 01:09:07,590 ~-~-> 01:09:15,240
2011 commodities last year by Larry Williams, that book should be in your library. To
2012 me, I think that's the only one you'd ever need. Because it gives you a lot of
2013
2014 405
2015 01:09:15,240 ~-~-> 01:09:24,060
2016 the core concepts that I started with as a commodity trader. And it does segue
2017 into trading currencies, because there are, there's foreign currency, futures
2018
2019 406
2020 01:09:24,060 ~-~-> 01:09:36,120
2021 markets, and you can trade those rather consistently to the same stuff I'm
2022 teaching. And then Chris Laurie helped me with the Asian range. I understood how
2023
2024 407
2025 01:09:36,120 ~-~-> 01:09:46,980
2026 to trade the midnight opening price, and I used it the same way that I applied
2027 the Asian range. So when I seen Larry, Larry, with Chris Lori's work from forex
2028
2029 408
2030 01:09:46,980 ~-~-> 01:09:54,630
2031 mentor about everything from forex mentor years ago, just to see what everyone
2032 else was doing. And I had already figured out what I wanted to do. But Chris
2033
2034 409
2035 01:09:54,630 ~-~-> 01:10:03,600
2036 Laurie was the only one over there that nobody is talking about. And I'm not
2037 trying to be disrespectful, but this is the truth. But he mentioned in some of
2038
2039 410
2040 01:10:03,600 ~-~-> 01:10:14,880
2041 his pro traders club stuff, which I think is good. If you're going to look for
2042 another service or another medium in terms of learning, you're gonna have to pay
2043
2044 411
2045 01:10:14,880 ~-~-> 01:10:26,010
2046 for it now. But I think that I don't get anything for you can ask Chris, I know
2047 nothing about getting kickbacks or whatever. But the his material is price based
2048
2049 412
2050 01:10:26,580 ~-~-> 01:10:37,260
2051 in nature. And you're gonna have to dig around around a lot in his stuff. But
2052 it's still useful if you're going to be really studying hard. But he talked
2053
2054 413
2055 01:10:37,260 ~-~-> 01:10:44,850
2056 about this Asian range. And I felt that it was a, you know, is an interesting
2057 concept. I didn't know about it before meeting him. And not that I met him
2058
2059 414
2060 01:10:44,850 ~-~-> 01:10:57,930
2061 personally, but you know, before meeting his content, but I studied it, and I
2062 started approaching it with the same ideas I used for the opening price at
2063
2064 415
2065 01:10:57,930 ~-~-> 01:11:09,930
2066 midnight in New York. Because that theory is how I, if you saw any of my work, I
2067 did explore the Asian range. And that was a specific tutorial, all I was doing
2068
2069 416
2070 01:11:09,960 ~-~-> 01:11:22,590
2071 was teaching in the opening range concept that I use at midnight opening price,
2072 New York time. And what I did was, as an s&p trader, I'd look for a move above
2073
2074 417
2075 01:11:22,590 ~-~-> 01:11:29,130
2076 the opening price when I was bearish, and I'd sell it. It's the Judas swing,
2077 boom, it's done. So when I was bullish, I waited for it to drop down, and I
2078
2079 418
2080 01:11:29,130 ~-~-> 01:11:39,630
2081 would buy it. And that's it, I will, I will trade globex like that overnight.
2082 Very, really consistent. And I did the same thing with the s&p 500 futures
2083
2084 419
2085 01:11:39,930 ~-~-> 01:11:46,860
2086 market at 930. In the morning, New York time, if you find the opening price, if
2087 you're bullish, you wait for it to drop down below the opening price and buy it
2088
2089 420
2090 01:11:47,370 ~-~-> 01:11:54,840
2091 and wait for it to give you a nice little rally. And all I was trying to do is
2092 make two handles if I can get three handles in a day, I was killing it back
2093
2094 421
2095 01:11:54,840 ~-~-> 01:12:02,250
2096 then. Now look at we got in terms of a daily range. Now. It's ridiculous.
2097 They're near. They're all over the places. I mean, sometimes just 3030 handles
2098
2099 422
2100 01:12:02,250 ~-~-> 01:12:15,600
2101 in a day. And that's considered a low volatility day now. So. So as Chris Laura,
2102 he's a mentor. But then early, teaming back in America Online days, there was a
2103
2104 423
2105 01:12:15,600 ~-~-> 01:12:33,480
2106 gentleman that was monitoring wycoff in price action. And, truth be told, that
2107 was when I was a troll, because I was suffering from the illusions of grantor
2108
2109 424
2110 01:12:34,200 ~-~-> 01:12:47,010
2111 because I had had the unfortunate problem of making a lot of money on stupidity.
2112 I was getting very, very lucky back then. And I thought I knew everything. And I
2113
2114 425
2115 01:12:47,010 ~-~-> 01:12:52,950
2116 didn't know really anything at all, except for buying in a bull market. And the
2117 bull market was a no brainer. They were like commercial bull markets, they were
2118
2119 426
2120 01:12:52,950 ~-~-> 01:13:00,900
2121 just going straight up, and there was no skill involved. And you could have
2122 bought any commodity back then and it was making your money. So I say that to
2123
2124 427
2125 01:13:01,170 ~-~-> 01:13:02,400
2126 remind everyone that
2127
2128 428
2129 01:13:03,510 ~-~-> 01:13:10,380
2130 when I first cut my teeth in this business, I was a loser right from the
2131 beginning, then I got in contact with Larry Williams because of a mailing about
2132
2133 429
2134 01:13:10,380 ~-~-> 01:13:19,200
2135 his stuff. And then when I started using his information, then it was
2136 profitable. And to a degree that kept me inspired to learn more and more and
2137
2138 430
2139 01:13:19,200 ~-~-> 01:13:28,500
2140 more and more and more. Once I got deeper in his stuff and realize he does a lot
2141 of things mechanical and stuff. I knew before he admitted that he isn't a good
2142
2143 431
2144 01:13:28,530 ~-~-> 01:13:38,160
2145 trader, he's a good system follower, and an awesome money manager and he can, he
2146 can use money management, you with a really poor delivering system and be
2147
2148 432
2149 01:13:38,160 ~-~-> 01:13:48,210
2150 profitable. That's the real holy grail, understanding how to manage your money.
2151 If you can find a system that gives you a positive reaction, you know, it's
2152
2153 433
2154 01:13:48,210 ~-~-> 01:13:57,330
2155 measurable, it repeats, it doesn't have to repeat a whole lot. If you have the
2156 right sound money management approach, you can do exceedingly well. And Ralph
2157
2158 434
2159 01:13:57,330 ~-~-> 01:14:05,610
2160 Vince and Ryan Jones, if you want to look at that kind of stuff, they're kind of
2161 pricey and really dry in their content. But for money management ideas, in
2162
2163 435
2164 01:14:05,610 ~-~-> 01:14:15,870
2165 theory, that's that's the spot that you want to look at that, because that to me
2166 is like the science behind money management. Again, it's not easy reads, but
2167
2168 436
2169 01:14:16,110 ~-~-> 01:14:26,160
2170 that's the real bones of it all. But this guy was on the forums on America
2171 Online. And he was discussing wycoff. And if you've never looked at wycoff do
2172
2173 437
2174 01:14:26,160 ~-~-> 01:14:33,570
2175 it. Because I get a lot of flack from people that Oh, what's the markup phase
2176 and markdown phase of wycoff? That's it to Mike Michael Michael's market maker
2177
2178 438
2179 01:14:33,870 ~-~-> 01:14:45,120
2180 by model so model Oh, it's this wycoff and just ignore Michael and go through
2181 wycoff Okay, go through that and study it and then come back and look at what I
2182
2183 439
2184 01:14:45,120 ~-~-> 01:14:53,790
2185 teach when it comes to market maker buying so models, because I make it
2186 precision I understand before it actually creates the markup I already know I
2187
2188 440
2189 01:14:53,790 ~-~-> 01:15:01,020
2190 know what's going to happen. So you have to wait for this thing called a spring
2191 to happen in the wycoff already know this Bring is going to happen before it
2192
2193 441
2194 01:15:01,020 ~-~-> 01:15:12,210
2195 happens sometimes days before it happens to the price level before it happens.
2196 Like I, I'm, I'm sick with this stuff, it's, it's insane how predictable it is
2197
2198 442
2199 01:15:12,510 ~-~-> 01:15:24,120
2200 when you throw away everything else, but I will say this and I was a troll on
2201 America Online to this guy because I was losing my money trading what I was
2202
2203 443
2204 01:15:24,120 ~-~-> 01:15:37,920
2205 using in my own trading. And this was in 1990 1999, right transition into 2000.
2206 And I was getting really, really heavy with my positions, and over leveraging,
2207
2208 444
2209 01:15:38,250 ~-~-> 01:15:48,210
2210 and sometimes not even using a stop loss, admittedly. And I felt that I knew
2211 more than I really did. And this guy got online, and he was teaching wycoff. And
2212
2213 445
2214 01:15:48,210 ~-~-> 01:15:57,510
2215 because of the terms, if you read wycoff, you'll know what I mean by it's like,
2216 crack the ice, jump the creek spring, these are all terms that I remember
2217
2218 446
2219 01:15:58,110 ~-~-> 01:16:06,360
2220 hearing him, say it not hearing him say it but reading it. When hearing other
2221 people talk about it. You can go on YouTube and watch people talk about the
2222
2223 447
2224 01:16:06,360 ~-~-> 01:16:17,880
2225 wycoff markup phase and mark down phase. And there was a guy on baby pips that
2226 did a lot of work with the wycoff. But subscribe to it to a degree that I felt
2227
2228 448
2229 01:16:17,880 ~-~-> 01:16:26,700
2230 as if he would just loosen up his hold on it. He'd be a far better trader, and
2231 he's still over there, you know, what, his threads or whatever. But I don't
2232
2233 449
2234 01:16:26,700 ~-~-> 01:16:37,350
2235 believe that that was the answer either. But it helped me see something I saw in
2236 price action, which were these ramp ups and price that were really just
2237
2238 450
2239 01:16:37,350 ~-~-> 01:16:49,800
2240 engineering, selling opportunities. And once I submitted quietly in the, you
2241 know, the quietness of my aunt's bedroom, which I was paying room and board
2242
2243 451
2244 01:16:49,800 ~-~-> 01:16:59,220
2245 living, and I was secretly studying much like I knew my trolls are doing my
2246 stuff, they don't talk about me. Okay, but I know they're watching my stuff. And
2247
2248 452
2249 01:16:59,220 ~-~-> 01:17:09,360
2250 it just hasn't sunk in yet. It took a long time for me to swallow the bitter
2251 pill of being wrong about what the general theory was of wycoff. Because the guy
2252
2253 453
2254 01:17:09,360 ~-~-> 01:17:18,900
2255 was really ahead of his times. Now, I don't know, personally, if he was a good
2256 trader, because I never cared to know to study him that much. I just know that
2257
2258 454
2259 01:17:19,290 ~-~-> 01:17:28,680
2260 it confirmed something I saw in price action. But I had already worked out the
2261 idea of the buy model on this side here. Okay, or the buy side of a sell model,
2262
2263 455
2264 01:17:28,740 ~-~-> 01:17:38,190
2265 this would be a market maker sell model. This whole business here is not going
2266 to be a science from a white cop standpoint, you're you're going to look at a
2267
2268 456
2269 01:17:38,190 ~-~-> 01:17:49,320
2270 lot of the things that wycoff teaches or suggests. And sometimes it's there. And
2271 sometimes it's not. In a ICT market maker buying on some level, they're there
2272
2273 457
2274 01:17:49,350 ~-~-> 01:17:58,260
2275 every single time and it's at a specific price level for a buy or sell and re
2276 entries. It's to a science and
2277
2278 458
2279 01:17:59,070 ~-~-> 01:18:08,640
2280 wycoff does not delivered that, in my opinion, I had to compensate for that.
2281 Just like I had to compensate for Larry Williams, misunderstanding or lack of
2282
2283 459
2284 01:18:08,910 ~-~-> 01:18:15,570
2285 caring, I guess I don't know, if he just didn't care enough to do I'm sure he's
2286 not stupid, he could have figured it out if he wanted to. I think he's being
2287
2288 460
2289 01:18:15,570 ~-~-> 01:18:24,510
2290 facetious in a way, maybe he doesn't know how to do it. He's just never wanted
2291 to give it publicly I don't know. Okay. But the point is, I have looked at
2292
2293 461
2294 01:18:24,690 ~-~-> 01:18:34,530
2295 opportunities and other teachers, and I listened for them to say where they're
2296 weak at. And most of the time, you don't ever hear a guru, mentor, teacher,
2297
2298 462
2299 01:18:35,280 ~-~-> 01:18:45,660
2300 educator, whatever, whatever you want to call it, okay? You never hear them
2301 admit where they're weak. And I think that's a disservice not only to them, but
2302
2303 463
2304 01:18:45,660 ~-~-> 01:18:56,100
2305 it's a disservice to their students, because it provides a wonderful opportunity
2306 for their students to go beyond them. And that's what I want, I want my students
2307
2308 464
2309 01:18:56,100 ~-~-> 01:19:07,410
2310 to be better than me because I have a vested interest in it. Because I know that
2311 by the numbers, if I can get as many as you they're listening to my voice, to
2312
2313 465
2314 01:19:07,410 ~-~-> 01:19:17,280
2315 learn what I teach, you will help me fix the thing that I need in my exit
2316 strategy. And then I'll be satisfied. Because right now I do the same stuff all
2317
2318 466
2319 01:19:17,280 ~-~-> 01:19:26,100
2320 the time. And the only thing that always leaves me dissatisfied, is the exit
2321 strategy. And they're good exits. They're great exits, if you show with anybody
2322
2323 467
2324 01:19:26,100 ~-~-> 01:19:34,950
2325 else. They're like, man, what's wrong with that? It's not what I want, because I
2326 have to work for the exit strategy. And if folks in the mentorship, you ask them
2327
2328 468
2329 01:19:34,950 ~-~-> 01:19:41,670
2330 point blank, they'll tell you this is the same thing. I say to them, too. And
2331 it's frustrating for me, because I want to be able to say it's black and white.
2332
2333 469
2334 01:19:41,700 ~-~-> 01:19:50,970
2335 It's this or it's that and I can't define it, where it's like that. My entries
2336 are very definable, and they repeat, they're just very generic things. But the
2337
2338 470
2339 01:19:50,970 ~-~-> 01:19:58,260
2340 exit strategy, you know, there's, I mean, folks know about central bank dealers,
2341 rains, they know about flower they know about the Asian range. They know about
2342
2343 471
2344 01:19:58,530 ~-~-> 01:20:10,050
2345 Fibonacci, but There is not a science to it, where it always repeats to the
2346 right level all the time. And that is one of the things that the trolls are
2347
2348 472
2349 01:20:10,350 ~-~-> 01:20:21,720
2350 right about when there is ambiguity in that, because I have to rely on my tape
2351 reading, inexperienced to do it most of the time. Now, you can use what I've
2352
2353 473
2354 01:20:21,720 ~-~-> 01:20:31,380
2355 given you for the scalping. high probability scalping concepts series, I just
2356 did three videos. There's right now there's four views. Some of you are not
2357
2358 474
2359 01:20:31,380 ~-~-> 01:20:39,510
2360 aware, because you're waiting for the video to pop up on YouTube. But there's
2361 already a video there. But it's going to be unlisted. Because I want you in the
2362
2363 475
2364 01:20:39,510 ~-~-> 01:20:47,190
2365 forum. I want you engaging there. Because I don't let anybody comment to me on
2366 the forum. I'm sorry, no forum, but the YouTube videos, I've disabled the
2367
2368 476
2369 01:20:47,190 ~-~-> 01:20:54,330
2370 comments because most the time, it's other websites or, you know, people
2371 spamming, saying, you know, check out this binary system or whatever. And I
2372
2373 477
2374 01:20:54,630 ~-~-> 01:21:02,160
2375 know, I'm not going to provide an opportunity for them to advertise. But you're
2376 certainly welcome to blast me respectfully challenge my theory or whatever, on
2377
2378 478
2379 01:21:02,160 ~-~-> 01:21:10,530
2380 the forum. Okay. And I explained why you feel like you do, but the act ignorant
2381 where I'll just I'll ban you, but I have no problem. Having someone to
2382
2383 479
2384 01:21:10,980 ~-~-> 01:21:19,350
2385 respectfully engage me and say, we, I don't believe this, can you show me why
2386 this is like this, and maybe it might change my mind. But if you're gonna come
2387
2388 480
2389 01:21:19,350 ~-~-> 01:21:27,660
2390 on my forum, and act stupid, and just be disruptive, you know, if you see
2391 anybody doing that, just send me a tweet, you know, and tell me what their
2392
2393 481
2394 01:21:27,660 ~-~-> 01:21:34,620
2395 screen name is, because I'll go written up and I'm right now don't have any
2396 moderators. But you only get one chance to act stupid. And not being in the ISP
2397
2398 482
2399 01:21:34,620 ~-~-> 01:21:47,010
2400 is banned, not just your username. But I want you all to help me do this,
2401 because I absolutely need it. Okay, I'm going nuts with it. For 25 years, I have
2402
2403 483
2404 01:21:47,010 ~-~-> 01:21:55,950
2405 beat my head against the wall, trying to come up with a way where I can frame an
2406 exit strategy using what I know where I'm satisfied with it. But you won't need
2407
2408 484
2409 01:21:55,950 ~-~-> 01:22:03,990
2410 to have this problem, if you just simply use the criteria I gave you with the
2411 levels in the fib because that'll satisfy not and most of you are dying just to
2412
2413 485
2414 01:22:03,990 ~-~-> 01:22:12,150
2415 have that. But there's other things that I do in mentorship members know this,
2416 that we can get really close to the high of the day and the low of the day
2417
2418 486
2419 01:22:12,180 ~-~-> 01:22:21,270
2420 within the same range of one or two pips, if not the very high or low. And
2421 they've seen examples of it, they've seen it, and some of them are doing it. The
2422
2423 487
2424 01:22:22,530 ~-~-> 01:22:33,270
2425 problem is, it's not always there. It's not always clear cut, it's going to be
2426 using this or it's going to be using that. And that's what I'm hoping that I can
2427
2428 488
2429 01:22:33,420 ~-~-> 01:22:44,970
2430 inspire some of you to be to some degree and not about studying price action,
2431 like I have for 20 years plus and find these things and figure it out.
2432
2433 489
2434 01:22:45,090 ~-~-> 01:22:53,670
2435 Because I would love nothing more to have one of my students teach me in
2436 inadequacy I have in my own trading, because I have no problem and no shame and
2437
2438 490
2439 01:22:53,670 ~-~-> 01:23:02,610
2440 no ego too big where I can't say, You know what? I was so instrumental in their
2441 development, that they ended up helping me and taught me something that I
2442
2443 491
2444 01:23:02,610 ~-~-> 01:23:12,030
2445 couldn't overcome alone. And I think that is what's lacking in most teachers
2446 today. Because it's all about ego and pride. And I do have an ego. Don't get me
2447
2448 492
2449 01:23:12,030 ~-~-> 01:23:23,670
2450 wrong, but I'm realistic, too. I know where my limitations are. And I know what
2451 I could potentially fix it. And I can't personally overcome it. It's like a
2452
2453 493
2454 01:23:23,670 ~-~-> 01:23:35,250
2455 thorn in my side. I can't, I can't fix it. I mean, never fix it. But my last
2456 attempt is to inspire you all to do like I did with Larry Williams, I figured it
2457
2458 494
2459 01:23:35,250 ~-~-> 01:23:43,890
2460 out. And people see it, it's power three. That's the whole concept behind power
2461 three, knowing when the Bible or the opening on update when to sell above the
2462
2463 495
2464 01:23:43,890 ~-~-> 01:23:54,330
2465 opening on a down day. And what price not what rains not zone not on that stuff.
2466 I there's a specific price level I aim for. And when it hits, I trade there. And
2467
2468 496
2469 01:23:54,330 ~-~-> 01:24:03,360
2470 then I reach for objectives throughout the day. But those objectives can range
2471 between three to five at the beginning of day at midnight, and there's three to
2472
2473 497
2474 01:24:03,360 ~-~-> 01:24:11,550
2475 five different price levels. I know that probably formed a higher low today.
2476 That's what I mean, when I know what the daily high and low is I know it right
2477
2478 498
2479 01:24:11,550 ~-~-> 01:24:22,380
2480 before midnight. So technically, it's in my time zone. I know what the
2481 tomorrow's days daily high low is yesterday. It doesn't sound believable. It
2482
2483 499
2484 01:24:22,380 ~-~-> 01:24:38,760
2485 doesn't sound possible. But it is. And it's measurable. It's there. The problem
2486 I have is I can't make it where it is. Like I can describe it. So therefore once
2487
2488 500
2489 01:24:38,760 ~-~-> 01:24:45,870
2490 you read it, you describe it, you can go and duplicate it. And that's the part
2491 I'm having. Now other people can read my stuff and follow my videos and
2492
2493 501
2494 01:24:45,900 ~-~-> 01:24:52,800
2495 tutorials and my lessons and go right in and find the entry patterns and use the
2496 setups and be profitable and it's great because they can see that part because
2497
2498 502
2499 01:24:52,800 ~-~-> 01:25:09,120
2500 I've made it a binary. It's this it's that it's structured. The exit strategy
2501 not so much. So you'll have to be, you'll have to be satisfied with knowing of a
2502
2503 503
2504 01:25:09,120 ~-~-> 01:25:18,210
2505 confluence of things agreeing on a particular level for targets. When you go
2506 through my work, and you're going to have to give up, sometimes the daily range
2507
2508 504
2509 01:25:18,270 ~-~-> 01:25:27,810
2510 may go farther, or it may fall short. But it still delivers a lot of potential
2511 there, much more than anything else that's out there in the market. And I know
2512
2513 505
2514 01:25:27,810 ~-~-> 01:25:37,560
2515 because I buy everything, and I want to see if people are teaching my stuff. And
2516 for the most part, it's the same stuff. They don't teach you price, they teach
2517
2518 506
2519 01:25:37,560 ~-~-> 01:25:46,980
2520 you indicators and settings. And that's not how it's done, price isn't working
2521 off of an indicator that has no comprehension whatsoever, of your stochastic
2522
2523 507
2524 01:25:46,980 ~-~-> 01:26:00,180
2525 settings. It's completely This is it's completely disconnected from you, okay?
2526 It doesn't even acknowledge you, it can't see you. Okay, the market goes after
2527
2528 508
2529 01:26:00,210 ~-~-> 01:26:10,680
2530 large liquidity in the form of large trading firms and large funds. That's what
2531 the market works off of. But the problem is, is those same individuals and
2532
2533 509
2534 01:26:11,550 ~-~-> 01:26:22,230
2535 entities use a lot of the same crap that's in the books that we buy and believe
2536 in, and I've read over 2600 trading books, and you wouldn't believe that there's
2537
2538 510
2539 01:26:22,230 ~-~-> 01:26:36,390
2540 that many, and I don't, I don't buy them anymore. But I have in ingested, okay.
2541 2600 plus trading books. And I can tell you, the ones I've listed in this video,
2542
2543 511
2544 01:26:37,050 ~-~-> 01:26:45,090
2545 are the only ones I think except for trading, trading for a living by Alexander
2546 elder, just that one, not his other one, not as other think it's come inside my
2547
2548 512
2549 01:26:45,090 ~-~-> 01:26:55,830
2550 trading room or something like that. I didn't care for that one, either. And
2551 market whether it's one and two, I felt that they were inspirational. And that's
2552
2553 513
2554 01:26:55,830 ~-~-> 01:27:08,790
2555 it. I don't think there's really anything else. I think you should be writing
2556 the trading book that you are most inspired by by your journal. And I think that
2557
2558 514
2559 01:27:09,660 ~-~-> 01:27:19,860
2560 if my children ever do get inspired to become a trader, I think they would agree
2561 that the things that I wrote in my journal are far more worthwhile reading than
2562
2563 515
2564 01:27:19,860 ~-~-> 01:27:28,860
2565 any other book out there, including the ones I've listed in this video, no
2566 disrespect to their author. But it's based on stuff that was real in decades of
2567
2568 516
2569 01:27:28,860 ~-~-> 01:27:36,330
2570 it day by day, every single trading day, I do something in there. And if I don't
2571 take a trade, and I don't trade, I want to simply know trading today I write in
2572
2573 517
2574 01:27:36,330 ~-~-> 01:27:42,240
2575 here and the reasons why I didn't take the trade period. And I'm accountable to
2576 myself with that journal.
2577
2578 518
2579 01:27:42,900 ~-~-> 01:27:52,140
2580 And I spend good money on all my journals cost 50 to $75 each, and I go to a
2581 nice bookstore, and I pick up leather bound ones. And it's the same one. And
2582
2583 519
2584 01:27:52,440 ~-~-> 01:28:01,650
2585 it's I use the same style of them. I've been doing it for 20 plus years. And I
2586 treasure them because they're, I wish I had a, you know, a father that would
2587
2588 520
2589 01:28:01,650 ~-~-> 01:28:08,340
2590 have did something like this, where I will be able to hold on to and read them
2591 and know what he was thinking at the time of how he felt. Because I pour
2592
2593 521
2594 01:28:08,340 ~-~-> 01:28:16,740
2595 everything into these things. And they're, they're real projects every day, I
2596 look forward to journaling. And I've done it when I was a teenager, when I used
2597
2598 522
2599 01:28:16,740 ~-~-> 01:28:24,600
2600 to practice lucid dreaming, and it probably sounds weird. I know. But I would
2601 keep a dream journal every day I would wake up and you know, right now a lot of
2602
2603 523
2604 01:28:24,600 ~-~-> 01:28:33,210
2605 people don't even remember dreaming, I can tell you every night, what my dream
2606 is, for the last 30 plus years. And I've got books on that too. And some of the
2607
2608 524
2609 01:28:33,210 ~-~-> 01:28:43,590
2610 dreams are amazing. And some of them I woke up in the dream and had control of
2611 what I was doing. And it's lucid dreaming, you can. It's neat, but it takes a
2612
2613 525
2614 01:28:43,590 ~-~-> 01:28:55,020
2615 lot of time to get there. But they're not all lucid dreams. So journaling to me
2616 is one of the best things you can do. Now you get these jerks that get online,
2617
2618 526
2619 01:28:55,050 ~-~-> 01:29:00,960
2620 okay, they have no comprehension of what they're talking about. They only have
2621 is negativity to say because they want to be comedians. They'll say, well,
2622
2623 527
2624 01:29:00,960 ~-~-> 01:29:08,220
2625 journaling, stupid, you know, don't waste your time with that. These people are
2626 still working. I guarantee you, they're still working. And they will never leave
2627
2628 528
2629 01:29:08,220 ~-~-> 01:29:20,130
2630 their job. And they're tweeting, and they're doing things online from a state of
2631 disgust of folks that are doing exceptionally well. And they do journal, because
2632
2633 529
2634 01:29:20,130 ~-~-> 01:29:28,290
2635 they make a reference of time periods when they're doing exceptionally well. And
2636 they have periods of time when they're doing not so well. And when you're doing
2637
2638 530
2639 01:29:28,920 ~-~-> 01:29:40,830
2640 things as you should, and you do not do what you should in terms of your
2641 results. You need to go back into those points and get encouraged by the times
2642
2643 531
2644 01:29:40,980 ~-~-> 01:29:51,660
2645 when you went through it bad. But you're not sulking. You're not beating
2646 yourself up saying, you know, this sucks. I don't do well as a trader is is
2647
2648 532
2649 01:29:51,660 ~-~-> 01:29:58,140
2650 never going to turn around for me. In fact, what you're going to do is be
2651 objective about the fact that what you were doing wasn't working but you're not
2652
2653 533
2654 01:29:58,170 ~-~-> 01:30:07,500
2655 losing sight of what you're supposed to do. That will carry you through these
2656 periods of time when you're going to go into a losing streak. You know, I've had
2657
2658 534
2659 01:30:07,500 ~-~-> 01:30:18,870
2660 periods where I've had 10 trades, sometimes 15 trades in a row, where I'm wrong.
2661 Now, it's on the basis of scalping in the summertime. Okay, there's a lot of
2662
2663 535
2664 01:30:18,870 ~-~-> 01:30:29,040
2665 times where I'll take trades. And I'll get burned. And I haven't had so many of
2666 them there can be like, I have five episodes of like that. But I've had it, it
2667
2668 536
2669 01:30:29,040 ~-~-> 01:30:37,080
2670 happened. Because I was trying to be active, I was taking multiple trades in the
2671 same day, I fixed that problem by sticking to only trading in the kill zones.
2672
2673 537
2674 01:30:37,740 ~-~-> 01:30:47,130
2675 That means I got at best three trades a day. If I use that up, I can't trade
2676 anymore. So I have a battery life on the time of the day. But I also have a
2677
2678 538
2679 01:30:47,130 ~-~-> 01:30:53,610
2680 threshold at which I can't trade beyond, I cannot take more than three trades
2681 per day, I don't care what's going on in the marketplace. Because when the
2682
2683 539
2684 01:30:53,610 ~-~-> 01:31:06,270
2685 markets were hot in the early 2000s, I mean, I was in there, sometimes 30 times
2686 in one day, and that's a lot 30 trades in one day is insane. Now, some of you
2687
2688 540
2689 01:31:06,270 ~-~-> 01:31:14,820
2690 guys that want to scalp like ultra in and out, you might think that's normal,
2691 and it's like a normal day for you. I that's not normal for me. And when I was
2692
2693 541
2694 01:31:14,820 ~-~-> 01:31:24,120
2695 done, I was exhausted. Sometimes I made a lot of money. And sometimes I went
2696 home with less than I started with. And on top of that feeling broke, because I
2697
2698 542
2699 01:31:24,120 ~-~-> 01:31:33,870
2700 was feeling I was wasting my time. And in fact I was I was trying to do
2701 something that wasn't for you, personally aligned with my personality, I didn't
2702
2703 543
2704 01:31:33,870 ~-~-> 01:31:42,720
2705 feel like, you know, I was getting where I needed to be. And then when I dial
2706 back and say you know I'm going to, I'm going to focus on when's the best time
2707
2708 544
2709 01:31:42,720 ~-~-> 01:31:51,480
2710 to trade, you know, when's the best opportunity for me to trade. And then once I
2711 define that, I'm going on a trade like that. So I started refining things. And
2712
2713 545
2714 01:31:51,480 ~-~-> 01:32:02,730
2715 how I did that was looked at my journal, when I do a trade, I write down the
2716 times that I took the trade and the actual time. And also write down my time
2717
2718 546
2719 01:32:02,790 ~-~-> 01:32:15,660
2720 targets. Now a lot of you, a lot of you think that you just having a protective
2721 stop loss or limit on a specific price level you're willing to pay. I have a
2722
2723 547
2724 01:32:15,660 ~-~-> 01:32:24,450
2725 time limit where the trade has to work within a specific time. And if it
2726 doesn't, I kill it. So it's important to have those reference points in your
2727
2728 548
2729 01:32:24,450 ~-~-> 01:32:33,390
2730 journal. You know why you took the trade, how you feel physically? Are you upset
2731 as much detail as you can, you don't have to write down what color underwear
2732
2733 549
2734 01:32:33,390 ~-~-> 01:32:34,980
2735 you're wearing, or what you had for dinner.
2736
2737 550
2738 01:32:36,900 ~-~-> 01:32:45,570
2739 But you should have as much detail as you can about how you physically feel. If
2740 you're stressing about anything, or many times, you're excited about something
2741
2742 551
2743 01:32:45,570 ~-~-> 01:32:56,100
2744 that's probably going to happen, like you know, your birthday is coming up.
2745 Okay. You're getting returned a significant price. Listen to me, you're getting
2746
2747 552
2748 01:32:56,100 ~-~-> 01:33:05,490
2749 ready to turn a significant age, okay, and maybe it's 50. Like I'm looking at 50
2750 in five years or less. And I'm thinking what do I want to do 50? Well, the day
2751
2752 553
2753 01:33:05,490 ~-~-> 01:33:14,280
2754 before I turned 50, I know I'm going to be feeling a certain kind of way. And I
2755 probably don't want to be trading that day. Because I'm preoccupied with feeling
2756
2757 554
2758 01:33:14,280 ~-~-> 01:33:21,510
2759 like I'm half a century old, you know, and I don't think that's probably a good
2760 thing for me to be trading with. Because one of two things are going to happen,
2761
2762 555
2763 01:33:21,540 ~-~-> 01:33:30,630
2764 either I'm going to be inspired to do something to feel young and reckless. Or,
2765 I'm going to try to be old and stuffy and too organized and rigid. And Either
2766
2767 556
2768 01:33:30,630 ~-~-> 01:33:40,320
2769 way, it's going to take me off of what I'm normally trying to do. So journaling
2770 is important. And that was one of the biggest keys to me developing What You See
2771
2772 557
2773 01:33:40,320 ~-~-> 01:33:50,160
2774 Me able to do. Because it kept me accountable to myself and my uncle, I was
2775 unable to have accountability with him because he wasn't disciplined enough to
2776
2777 558
2778 01:33:50,160 ~-~-> 01:33:58,200
2779 do his own trading. And he's very opinionated and negative. Everything was
2780 negative from him, you know, this sucks. This doesn't work. You know, I don't
2781
2782 559
2783 01:33:58,200 ~-~-> 01:34:05,340
2784 know, why am I wasting my time. So if you have friends, or if you have people in
2785 your circle where you're trying to engage with and they have that same mindset,
2786
2787 560
2788 01:34:05,850 ~-~-> 01:34:13,170
2789 I try to encourage them to change it. But if they don't drop them, because they
2790 are going to be detrimental to your development, okay, you're going to be
2791
2792 561
2793 01:34:13,170 ~-~-> 01:34:22,710
2794 drained by him. And many times, like I did with my own uncle, this is a family
2795 member. It became so toxic that I said, Well, I'm going to use him to my
2796
2797 562
2798 01:34:22,710 ~-~-> 01:34:33,810
2799 advantage and just, you know, he's retail, and I'll be smart money. And I don't
2800 want to encourage that type of thing. But it was advantageous for me to do that.
2801
2802 563
2803 01:34:34,260 ~-~-> 01:34:48,660
2804 So while he wasn't a mentor, for me, he was a significant catalyst for me to
2805 develop what I now see internally with watching price action. So if we know that
2806
2807 564
2808 01:34:48,720 ~-~-> 01:35:02,940
2809 is referring to things in the past, in a measurable way, in any other industry
2810 or any kind of pursuit of intelligence intellect or higher learning? Why should
2811
2812 565
2813 01:35:02,940 ~-~-> 01:35:11,880
2814 we be surprised that it wouldn't have that same effect in something like this? I
2815 mean, we're true. We're dealing The hardest thing in the world. And we're trying
2816
2817 566
2818 01:35:11,880 ~-~-> 01:35:24,600
2819 to make money from an industry that is driven and ran and managed and controlled
2820 by banks. Not your mortgage bank holder, not the mom and pop credit union
2821
2822 567
2823 01:35:24,600 ~-~-> 01:35:34,620
2824 dentistry. Okay, the guy working in a teller that says that ICT doesn't know
2825 he's talking about central banks, these people make the world go around, and
2826
2827 568
2828 01:35:35,070 ~-~-> 01:35:42,030
2829 they're driving all that stuff. And you think you're going to come in here and
2830 with RSI setting and a MACD, you're going to be able to turn the whole world
2831
2832 569
2833 01:35:42,030 ~-~-> 01:35:56,520
2834 upside down. No, you're not, you're not going to do that. You need to know what
2835 they do. And what they do is exactly what I'm teaching you organized. And it's
2836
2837 570
2838 01:35:56,520 ~-~-> 01:36:08,910
2839 time based, it's on a schedule. It's all manipulation, it's meant to upset
2840 current sentiment, or deliver an engineer a opposite sentiment. And then the
2841
2842 571
2843 01:36:08,910 ~-~-> 01:36:18,420
2844 real move takes place. And you have to be flexible to allow that type of
2845 learning to occur. Otherwise, you'll fall victim to everyone else outside of our
2846
2847 572
2848 01:36:18,420 ~-~-> 01:36:27,000
2849 circle that says it's conspiracy theory tinfoil hat. And it doesn't really work
2850 like that, because they know 15 people that says that it doesn't. But they're
2851
2852 573
2853 01:36:27,000 ~-~-> 01:36:36,750
2854 saying 15 people aren't doing what you see me doing, and what some of my
2855 students are doing. Look at the big names in this industry. Okay, whoever they
2856
2857 574
2858 01:36:36,750 ~-~-> 01:36:52,350
2859 are, study them, go and reach it, research and see what they're doing. And then
2860 contrast that with what I'm telling you. The more I do in this business and
2861
2862 575
2863 01:36:52,350 ~-~-> 01:37:04,320
2864 study other people, the more I'm convinced they know even less than I thought
2865 they did from the beginning. Because they're subscribing to these theories that
2866
2867 576
2868 01:37:04,320 ~-~-> 01:37:11,970
2869 are outside the open, high, low and close. That's the four indicators, you need
2870 to know the opening price, the high price, the low price and the closing price.
2871
2872 577
2873 01:37:12,720 ~-~-> 01:37:21,030
2874 And their top secret because they've been in your charts all this time. But
2875 nobody pays any attention to it. You're hiding it with indicators. And it's
2876
2877 578
2878 01:37:21,030 ~-~-> 01:37:33,210
2879 almost like you know, it's lunacy, you got to really be careful. As soon as you
2880 start applying things to your charts. If it's not highlighting price, you're
2881
2882 579
2883 01:37:33,210 ~-~-> 01:37:33,780
2884 doing it wrong.
2885
2886 580
2887 01:37:34,170 ~-~-> 01:37:43,410
2888 And the only thing you see on my charts is a horizontal line denoting a specific
2889 price level, drawing your attention to that. Or I'm putting a rectangle in there
2890
2891 581
2892 01:37:43,410 ~-~-> 01:37:51,960
2893 and highlighting a specific range of where I think liquidity is going to be
2894 drawn to. That's it. And then I don't even need that, like my charts are
2895
2896 582
2897 01:37:51,960 ~-~-> 01:38:02,850
2898 completely naked, naked and unafraid. I don't want anything on my chart. I have
2899 just recently in the last couple of years, gotten comfortable having things I'm
2900
2901 583
2902 01:38:02,850 ~-~-> 01:38:11,730
2903 on track because I teach. And I have to have certain notations and annotations
2904 on my chart that make what I'm doing. understandable, but it's not on my charts
2905
2906 584
2907 01:38:11,730 ~-~-> 01:38:19,950
2908 when I'm trading. So I've done a lot of talking, I'm going to escape. Hopefully
2909 this has been insightful to you guys. But until I talk to you next week, have
2910
2911 585
2912 01:38:19,950 ~-~-> 01:38:26,220
2913 yourself a very pleasant weekend. Be safe, be careful. Enjoy your family study.
2914 And until then wish good luck and good trading.