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3 -ICT: Good morning, folks, it is January 8 2018, is about 10 minutes before 11am
4 -Eastern Time, or ICT time as we would otherwise refer to it. whatever time it is
1 +(% class="hover min" %)
2 +|1 |00:00:11,670 ~-~-> 00:00:26,040 |ICT: Good morning, folks, it is January 8 2018, is about 10 minutes before 11am Eastern Time, or ICT time as we would otherwise refer to it. whatever time it is
3 +|2 |00:00:26,040 ~-~-> 00:00:36,330 |in New York, and the states, that's what time it is here locally with ICT. So I sent out a couple tweets this morning, kind of get your gears turning a little
4 +|3 |00:00:36,330 ~-~-> 00:00:53,550 |bit and relates to Bitcoin. And I want you to recall that I gave a video on my YouTube channel. It's in fact, this video here, you can go to my YouTube
5 +|4 |00:00:53,550 ~-~-> 00:01:07,350 |channel, inner circle trader and the episode on January 4 2018. I go into the reasons why I felt that while everyone else was cheerleading in China pump up,
6 +|5 |00:01:07,950 ~-~-> 00:01:18,090 |ripple and such, that was not likely to happen. And I go through all the reasons why in this video, so I'm not going to bore you with all that. But it's not
7 +|6 |00:01:18,090 ~-~-> 00:01:31,470 |about retweeting things to have the same hope and prayer mentality. It's not about retweeting or pumping, the, the storyline that you hope is going to unfold
8 +|7 |00:01:31,470 ~-~-> 00:01:40,680 |because you want to look smart online, you have to know what you're doing technically. And you have to also know what the drivers are going to be to shift
9 +|8 |00:01:40,680 ~-~-> 00:01:51,180 |sentiment. And I go over what that is in here. And I gave it to you the day that it occurred, and go back and look at it. Okay? Don't take other people's
10 +|9 |00:01:51,180 ~-~-> 00:02:01,080 |opinions about me or my content, and then assume that's what it is. investigate what I do, what I teach what I say, and you'll see what I'm talking about is 90%
11 +|10 |00:02:01,080 ~-~-> 00:02:11,760 |club here. Okay, we don't goof around. We don't pump. We don't cheerlead things up. We stick to the technicals. And with the tools in my repertoire, have really
12 +|11 |00:02:11,760 ~-~-> 00:02:20,370 |served me well for 25 years plus, so I'm not a new kid on the block with this stuff. Okay, I didn't just recently find something I can see in the charts. I've
13 +|12 |00:02:20,370 ~-~-> 00:02:31,350 |been doing this for a long, long time. So let's go back over, take a look at the kryptos. Right, so we're looking at Bitcoin and posed the question this morning
14 +|13 |00:02:31,350 ~-~-> 00:02:47,550 |on Twitter. Why was I mentioning 17,500 as a catalyst for anything bullish above that, okay, is positive for me, it needs to get above 75. Why 17 five? Well, I
15 +|14 |00:02:47,550 ~-~-> 00:02:58,860 |want to go over a couple things before we get to that point. But these zoom in and put some lipstick on this pig here. So we have and I'm admittedly very
16 +|15 |00:02:58,860 ~-~-> 00:03:22,350 |clumsy with this. So it is what it is. Alright, so we have this. And then we have this. Okay, and I'll talk about that. So we have the stops, branch above,
17 +|16 |00:03:23,400 ~-~-> 00:03:49,380 |previous high here. And we also have it over here as well. The stops are seen here. x here is a word. So we'll put that here. And let's make a little copy of
18 +|17 |00:03:49,380 ~-~-> 00:04:06,150 |it, and post it right over there. Now, if you go back and watch what I said on Twitter, and I gave reasons why I felt that we would not see 20,000 in 2017 on
19 +|18 |00:04:06,150 ~-~-> 00:04:16,560 |this particular day right here, okay, and go back and look at it on Twitter can't manipulate all that stuff. And I told you the reasons why. Okay, and it
20 +|19 |00:04:16,560 ~-~-> 00:04:23,730 |was all of this cheerleading, pump it up, pump it up, everybody's all excited about Bitcoin. And I said,
21 +|20 |00:04:23,760 ~-~-> 00:04:32,730 |if it's going to go higher, it's going to have to go down first, kill all the long holders because you know what the mantra is in crypto, it's especially with
22 +|21 |00:04:32,730 ~-~-> 00:04:43,740 |Bitcoin is hold on for dear life. And I think that's a little too myopic because that's the same thing everyone had in their minds when the.com bubble was
23 +|22 |00:04:43,740 ~-~-> 00:04:53,910 |occurring. Okay, and I was screaming from the rooftops then dump it, get rid of it, sell it, sell it, sell it. Well, just like anything else. If someone's doing
24 +|23 |00:04:53,910 ~-~-> 00:05:01,980 |well in something, and someone's telling you to do the opposite of what they're doing in it. Seeing profitability is He's going to win an argument. Obviously,
25 +|24 |00:05:02,250 ~-~-> 00:05:11,310 |not the person that's speaking from a stance of objectivity on I don't have any skin in the race in this. So I can be on the sidelines and be very objective
26 +|25 |00:05:11,310 ~-~-> 00:05:19,950 |about it. And I don't have the emotions wrapped up in whether or not my money is going up and down in the fluctuations that occur. So, again, I don't cheerlead
27 +|26 |00:05:19,950 ~-~-> 00:05:29,220 |anything. I don't cheerlead anything in the markets that I'm actually trading either. So to do those types of things, it's just, it's a hallmark of someone
28 +|27 |00:05:29,220 ~-~-> 00:05:35,550 |that's a novice. And you don't want to be doing anything like that in your own personal trading. If you find yourself gravitating to these types of
29 +|28 |00:05:35,940 ~-~-> 00:05:44,640 |personalities, all you're really doing is looking for something to agree with what your hopes and prayers are linked to. And if you're buying these types of
30 +|29 |00:05:44,640 ~-~-> 00:05:52,740 |things, and you're holding on to them for dear life, hoping that they go up, and then you don't have any kind of meaningful retracements or potential reversals,
31 +|30 |00:05:53,370 ~-~-> 00:06:02,640 |you're just basically trading with blinders on. And just to say, well, it's worth the risk of You see, climb exponentially in order to lose everything.
32 +|31 |00:06:02,940 ~-~-> 00:06:13,620 |Again, that's a hallmark of a novice, okay? a neophyte, it's not what someone with a great deal of understanding would allow themselves to be subjected to. So
33 +|32 |00:06:14,460 ~-~-> 00:06:24,570 |looking at Bitcoin, okay, again, go back on Twitter, you'll see these are the days that we saw the actual thing I outlined, come to fruition. And actually
34 +|33 |00:06:24,570 ~-~-> 00:06:32,310 |keep storyline about on this day here, that I was actually in a grocery store, and a gentleman, a couple of carts behind me said that he was wanting to put his
35 +|34 |00:06:32,310 ~-~-> 00:06:41,640 |junk food back. He wanted to buy more Bitcoin, he want to say some money. So I'm thinking myself, This is bad. And the morning, oh, my wife actually sat down
36 +|35 |00:06:41,640 ~-~-> 00:06:50,160 |with me and said, hey, look, you know, do you trade Bitcoin. I said, That's it, the markets going to talk right now. And I even made a joke about it on Twitter.
37 +|36 |00:06:50,280 ~-~-> 00:07:00,360 |But I meant it absolutely meant it. Because if everyone is actively talking about something being a good thing, or shows an interest in it, like my wife,
38 +|37 |00:07:00,480 ~-~-> 00:07:08,070 |you know, she's been with her a long time, she has no idea what the charts telling me or it should be implied by looking at it. But she's telling me about
39 +|38 |00:07:08,070 ~-~-> 00:07:17,550 |Bitcoin, and maybe I should look to buy it. Well, that's the top in the marketplace. So it really is that simple, folks, when the general population
40 +|39 |00:07:17,700 ~-~-> 00:07:26,010 |that is outside the scope of what we do, we're market technicians, we, we like to look at prices moving up and down graphs, and charts and all these types of
41 +|40 |00:07:26,010 ~-~-> 00:07:34,530 |things. People that are outside that circle, if they have an opinion about something, it's probably not a good idea for you to be in it in the same
42 +|41 |00:07:34,980 ~-~-> 00:07:45,690 |direction or position, that would be explained by someone that's not doing this actively. So again, this is one more evidence as of the things that I talked
43 +|42 |00:07:45,690 ~-~-> 00:07:53,490 |about, you know, I didn't create this, I didn't invent it, it's just common knowledge. You know, when the shoeshine boys telling you your stock tips, you
44 +|43 |00:07:53,520 ~-~-> 00:08:04,620 |know, stock, it's time to sell. So, in here, we had a run above this old high. So immediately, I teach that your eye should go down to the left to the down,
45 +|44 |00:08:04,620 ~-~-> 00:08:12,180 |closed candle right before that new run. That's here, right in here. So we have a down closed candle
46 +|45 |00:08:15,360 ~-~-> 00:08:24,180 |to this down closed candle right before this run above this previous high and this is an ICT bearish breaker. Okay, and what this does is it highlights a
47 +|46 |00:08:24,180 ~-~-> 00:08:35,400 |specific level, that's three specific levels. It's not a zone, it's not an ambiguous guestimation of where you should be looking for something, okay? It's
48 +|47 |00:08:35,430 ~-~-> 00:08:48,210 |three specific levels, okay? It's the highest high, the lowest, low, and middle. Okay? So I go into the mentorship and teach a little bit more refinement with
49 +|48 |00:08:48,210 ~-~-> 00:08:58,500 |that. But for public consumption, there's three specific levels you can use for the breaker. And it's just that simple. So how we use it is, eventually price
50 +|49 |00:08:58,500 ~-~-> 00:09:07,890 |will go down below this down close candle, which it does on this particular day right there. When that happens, that sets the tone for the market to be in a
51 +|50 |00:09:07,890 ~-~-> 00:09:16,680 |potential reversal. Now I know it flies in the face of everyone else that wants to buy these things and hold on hold on. But you still have to pay attention to
52 +|51 |00:09:16,680 ~-~-> 00:09:28,560 |what the charts telling you because it's giving you a an accurate depiction of what the mindset is of traders. So if they're losing this level here, and
53 +|52 |00:09:28,560 ~-~-> 00:09:38,700 |ultimately they end up losing this one as well, with this run down here. This drop down puts me in an idea that Okay, we're probably not going to be going
54 +|53 |00:09:38,700 ~-~-> 00:09:48,810 |higher. And you hear me talk about that in the January 4 recording. In fact, there's another video where it's titled ICT on Bitcoin, actually go into greater
55 +|54 |00:09:48,810 ~-~-> 00:09:56,100 |detail why I don't think it's going to go up. I think it's going down a little bit lower. I give you some specific things and why I think that but from a short
56 +|55 |00:09:56,100 ~-~-> 00:10:05,250 |term perspective, and here it is, you know, we're right on the heels of the holiday laze around Christmas and New Year being the eighth of January 2018, the
57 +|56 |00:10:05,250 ~-~-> 00:10:15,150 |market still has a lot of ironing out to do. So I allow these first couple weeks of the of the new year to trade. And I don't really hold hard and fast to an
58 +|57 |00:10:15,150 ~-~-> 00:10:23,040 |idea that pushes me into trading with live funds, because I don't trust the technicals. But it doesn't change the fact that we still have to pay attention
59 +|58 |00:10:23,040 ~-~-> 00:10:31,860 |to them. And I want to be engaged in price action throughout this time period, even though not actively in the marketplace taking on risk. So having these
60 +|59 |00:10:31,860 ~-~-> 00:10:42,570 |ideas in mind, I go through the process of tracking with prices dealing is it's showing me consistency around that theme of this being a breaker. Okay? So I'm
61 +|60 |00:10:42,570 ~-~-> 00:10:53,700 |going to come over here and draw this out as a box. Okay. And this is the part that people when they first come in contact with me, okay, or they get ticked
62 +|61 |00:10:53,700 ~-~-> 00:11:03,060 |off, and they want to find some kind of a way of attack. They'll say, ICT teaches supply and demand. And I'm going to show you today, why that's nonsense.
63 +|62 |00:11:04,950 ~-~-> 00:11:20,580 |Okay, so here we have a range based on the high of this candle, and the low of this candle. Okay. Inside that range, there's three specific. Well, price
64 +|63 |00:11:20,580 ~-~-> 00:11:31,290 |levels, it's the lowest low, the highest high, and in the middle point of that range, which I deem the mean threshold or the middle, okay, or 50%, if you want
65 +|64 |00:11:31,290 ~-~-> 00:11:42,990 |to call it that, draw a Fibonacci, put a fib level 50, drop a fib on the high to the low. And wherever that 50 level is draw that out in time. Okay. I'm going to
66 +|65 |00:11:42,990 ~-~-> 00:11:52,620 |spare you that because I want to get to the chart clean. But if you look at that range, just from a standpoint of the high in the low, what price levels are
67 +|66 |00:11:52,620 ~-~-> 00:12:05,670 |there? Well, you're just about 16,000 level. And you get 16 fy 17,017, five, and just fell short of 18,000. So we don't really want to see price trade above this
68 +|67 |00:12:05,670 ~-~-> 00:12:14,700 |high because if it's a breaker, it's going to hold price below this range, if ever trades back up to it now. and here we can see it trades up to this level in
69 +|68 |00:12:14,700 ~-~-> 00:12:21,780 |this range starts to sell off again. And I shouldn't move that starts to sell off.
70 +|69 |00:12:22,110 ~-~-> 00:12:31,650 |Okay, but it doesn't go below this low here. Price then rallies above here. When I was neutral, I was not bullish. I said that I didn't see any real accumulation
71 +|70 |00:12:31,650 ~-~-> 00:12:42,720 |in here. Price did sweep above this high, which will be resting by stops on anyone, anyone that's short here. They come up knock those individuals out. But
72 +|71 |00:12:42,720 ~-~-> 00:12:51,510 |that stopped around here. But I said it would need to go above 75. Now the reason why I said it would need to go above 75 for me to be bullish, is because
73 +|72 |00:12:51,510 ~-~-> 00:13:01,590 |we would be so close to the 18,000 level to trade the 18,000 would really dismiss this whole bearish breaker idea. And then we probably would be looking
74 +|73 |00:13:01,590 ~-~-> 00:13:10,890 |to go higher. And I still maintain that same consensus here that if it trades back up above 17,500. And what do I mean by that? Not just trade through
75 +|74 |00:13:10,890 ~-~-> 00:13:19,530 |intraday and come back down? That's not what I'm talking about. He needs to trade above it. Close. Okay, on a daily on a daily basis, we have a daily close
76 +|75 |00:13:19,530 ~-~-> 00:13:28,620 |above 17. Five, then and only then would I be looking in considering any type of bullish scenario and waiting for it to run above two to 20,000 Mark, but as it
77 +|76 |00:13:28,620 ~-~-> 00:13:41,010 |is right now, I don't see that. Okay, so we've had a series of two days of distribution here on Bitcoin after running these stops the next area of
78 +|77 |00:13:41,040 ~-~-> 00:13:50,310 |liquidity or is basically below here. And then ultimately looking for another run that maybe would target this level down here. It was swing low that was
79 +|78 |00:13:50,310 ~-~-> 00:14:04,020 |formed right there as well. So I want to drop into an hourly chart for Bitcoin. Alright, so we're looking at a one hour chart on Bitcoin in that shaded area,
80 +|79 |00:14:04,020 ~-~-> 00:14:13,710 |again, is that bearish daily breaker? Okay, so prices traded above that this is the old high and it's a dylaney. Stop around here. Okay. And then we have what
81 +|80 |00:14:13,770 ~-~-> 00:14:23,220 |this basically the same scenario unfolding a breakdown in market structure. Mark comes back up to that old high in here, and sells off. Now there's several
82 +|81 |00:14:23,220 ~-~-> 00:14:33,690 |optimal trade entries in here. There's one. Here's another one. Here's another one in here. And ultimately, what I asked everyone to follow on Twitter this
83 +|82 |00:14:33,690 ~-~-> 00:14:42,000 |morning, is that identify where Bitcoin was going to be reaching for now I know if you're watching my stuff the first time now this is gonna seem like all
84 +|83 |00:14:42,000 ~-~-> 00:14:50,340 |hindsight stuff. But again, go back and watch the videos and look at the tweets. I've already said all this stuff beforehand. Okay, the idea that we look for
85 +|84 |00:14:50,340 ~-~-> 00:14:58,890 |distribution right away anyone that's been studying my material, if we're under distribution or for looking for selling, okay, what is going to be the mechanics
86 +|85 |00:14:58,890 ~-~-> 00:15:11,580 |behind that? It's Going to be a sell model, okay, or an ICT market maker sell model, your brain should be hardwired to look for consolidations right here, a
87 +|86 |00:15:11,580 ~-~-> 00:15:19,890 |run out of that consolidation, preferably a small little consolidation, and then one more time run up. And then an area distribution where the market breaks
88 +|87 |00:15:19,890 ~-~-> 00:15:29,880 |down. So it's smart money reversal on here, low risk sell, another optimal trade entry sell here, sells off, and what's it reach for? Right below the
89 +|88 |00:15:29,880 ~-~-> 00:15:42,900 |consolidation, so we have an area in here. So this is the area of an original cumulation. Okay, and we have that in the form. And we use that wick right
90 +|89 |00:15:42,930 ~-~-> 00:15:50,640 |there, because that's the lowest point right there. So this is where all the original consolidation or accumulation for the market maker so model
91 +|90 |00:15:51,300 ~-~-> 00:16:01,230 |to be really trained around. So they've pumped it out of this consolidation, up above an old high ran all the stops, allow folks that look at this stuff as
92 +|91 |00:16:01,230 ~-~-> 00:16:12,180 |continuation patterns and both bull flags or whatever, and it breaks down. Very easy selling opportunity here, small one from this high to this low up in here
93 +|92 |00:16:12,210 ~-~-> 00:16:22,410 |optimal trade entry in an area of mitigation. And it sells off, and it reaches all the way down to the 14,000 level, which is conveniently enough, right down
94 +|93 |00:16:22,410 ~-~-> 00:16:30,720 |to this bullish order block. Now these 123 down close candles, you have to blend all three of those candles together or would be otherwise a three hour candle.
95 +|94 |00:16:30,870 ~-~-> 00:16:39,690 |Because these candles here represents 60 minutes or one hour. Since they're consecutive in nature. This is all fractal Okay, price action is always fractal.
96 +|95 |00:16:40,290 ~-~-> 00:16:51,210 |That means what you see here is the same thing as it would be seen as a three hour basis or one three hour candle. So because the market showed a willingness
97 +|96 |00:16:51,210 ~-~-> 00:17:02,670 |to run hard higher from that price point, leaving this down close series of three candles, you stop at the top of that candle here this becomes a bullish
98 +|97 |00:17:02,670 ~-~-> 00:17:14,040 |ICT order block. Okay or an ICT bullish order block, they will act like magnets, okay, they'll draw a price to them when it's coming down or gone lower. price
99 +|98 |00:17:14,040 ~-~-> 00:17:23,550 |goes right down to it hits it beautifully in, we have a little bit of a pop in here. But the overall setup is done from a short term or day traders
100 +|99 |00:17:23,550 ~-~-> 00:17:35,010 |perspective. Using this model, it's over that that setup is done. Now, it can create a another area of distribution somewhere in here and it might be coming
101 +|100 |00:17:35,010 ~-~-> 00:17:45,210 |back up to this bearish order block here and then sell off to wash out these equal lows, which is another area of consolidation, leaving the consolidation
102 +|101 |00:17:45,210 ~-~-> 00:17:53,610 |going back to the original consolidation because this might be an area of re accumulation from a much larger sell model. And I probably want to some of your
103 +|102 |00:17:53,760 ~-~-> 00:18:01,680 |heads if you're new. But folks have been with me for a while you know exactly what I'm talking about. This could be the next level at Target below those equal
104 +|103 |00:18:01,680 ~-~-> 00:18:10,800 |lows. Just like we saw this consolidation and it runs up and goes down below it here. Anyone that went long, okay, and has that hold on for dear life mentality,
105 +|104 |00:18:11,250 ~-~-> 00:18:19,140 |their stops gonna be resting right below that. That's exactly where they went right here to tag those individuals out. They never saw profit, they saw a paper
106 +|105 |00:18:19,140 ~-~-> 00:18:26,370 |profit where it was looking like it was going to Okay, we're finally gonna go to 20,000. And let's retweet everybody has that same opinion, that's cheerlead it
107 +|106 |00:18:26,370 ~-~-> 00:18:32,910 |up. And ultimately, the price is going to go where it's going to go. Regardless of how many times you do a retweet, or high five, the next guy that believes
108 +|107 |00:18:32,910 ~-~-> 00:18:40,290 |it's going to go to 20,000 Today, okay, it goes right to where the liquidity is. So crypto is in no way different than what I've always taught about all the
109 +|108 |00:18:40,290 ~-~-> 00:18:51,540 |asset classes. It's all about the orders. The orders are what makes or breaks profitability. The orders below old lows in the right context, when you're
110 +|109 |00:18:51,540 ~-~-> 00:19:01,320 |bearish. That's where price is going. Okay, when prices bullish, the orders are resting above an old high, when the context is bullish, that's exactly where
111 +|110 |00:19:01,320 ~-~-> 00:19:07,800 |price is gonna gravitate to. It's about those orders. It has nothing to do with your technical patterns. It has nothing to do with animal harmonics. It doesn't
112 +|111 |00:19:07,800 ~-~-> 00:19:15,420 |have anything to do with ladders, or depth of market, it has none of those things, because they're all gimmicks. All you need to know is the open high, low
113 +|112 |00:19:15,420 ~-~-> 00:19:27,960 |and close in a certain phenomenon. It takes place around a very generic, small group of concepts that I teach. So it gives you a framework and if you don't see
114 +|113 |00:19:27,960 ~-~-> 00:19:35,160 |the framework in price action, you don't do anything. So that gives you clarity, and how's that prologic you know what you're looking for? And if it's not there,
115 +|114 |00:19:35,160 ~-~-> 00:19:41,220 |do you do anything? No, you turn the charts off and you go somewhere else and you spend your time doing something, you know, other than waiting for something
116 +|115 |00:19:41,220 ~-~-> 00:19:54,750 |that's probably not going to form. So we seen a really nice market maker sell model here on Bitcoin on a 60 minute basis. Again, I did not have the
117 +|116 |00:19:54,780 ~-~-> 00:20:03,720 |participation on this run up and I actually said this on Twitter that I was neutral on on Bitcoin. I didn't see it as accumulation, and we can see why it
118 +|117 |00:20:03,720 ~-~-> 00:20:04,410 |was overall
119 +|118 |00:20:04,829 ~-~-> 00:20:13,919 |in an area of distribution. So this one's done, we're going to watch and see if we're getting runs below that 13,000. Mark. If it does, it might accelerate on
120 +|119 |00:20:13,919 ~-~-> 00:20:23,369 |the downside and try to challenge that 12,000 level again. But for now, I wouldn't touch it. So let's go over to ripple, which is another crypto, that
121 +|120 |00:20:23,819 ~-~-> 00:20:32,879 |some of the guys are really cheerleading on Twitter, and retweet, and everybody that loves this one. Again, I will count you to go back and look at my tweets
122 +|121 |00:20:32,879 ~-~-> 00:20:42,359 |and look at the video because I give you this level. And I tell you, it's going down here, okay? Again, you can argue and wrestle with whether you like me, as a
123 +|122 |00:20:42,359 ~-~-> 00:20:50,039 |person, I don't care, okay, I teach this stuff that works. If you don't believe me, go through everything and try to dismiss everything that's been shown
124 +|123 |00:20:50,039 ~-~-> 00:21:03,359 |beforehand. Okay. I gave $3 Mark, and specifically $3.30 was a level I tweeted in chart form. And I said as it hit $3, I would be out of any Long's 80% of
125 +|124 |00:21:03,359 ~-~-> 00:21:11,579 |whatever I would have long and I don't trade these for disclosure sake, I do not trade them, I don't even demo trade them. Okay, I'm actively studying them.
126 +|125 |00:21:11,579 ~-~-> 00:21:23,819 |Because I have a large body of audience that use this information, I give out debt, I teach my way of forex and futures and other asset classes. They've been
127 +|126 |00:21:23,849 ~-~-> 00:21:34,559 |using it in crypto. So I have been really interested to see how much of an influence my concepts have had on other traders and students. And I can see why
128 +|127 |00:21:34,559 ~-~-> 00:21:42,149 |they're excited again. So I've said this many times, and other ones like a broken record. But it is a very fascinating for me as an author for most of the
129 +|128 |00:21:42,149 ~-~-> 00:21:51,419 |stuff that you're already using. It's very, very interesting to see it. But I mentioned in in tweet, you go back and look at that, I would be out 80% or
130 +|129 |00:21:51,419 ~-~-> 00:22:01,469 |whatever Long's I would have at that $3 mark. And then the next level was $3.30. Now I did have some levels above here, okay. But if I give you a level and
131 +|130 |00:22:01,499 ~-~-> 00:22:12,419 |plying, that, the way we practice, if it hits a level, you got to pay yourself, how much do you pay yourself, that's all going to be a unique and personal
132 +|131 |00:22:12,419 ~-~-> 00:22:20,999 |thing. Okay, I don't have a system that says, I'm always going to take this much at at this much of a move. It's whatever I feel at the time. And admittedly,
133 +|132 |00:22:20,999 ~-~-> 00:22:28,559 |this is one of the weakest things I have in my trading it because I have not really been satisfied with coming up with a method that is black and white,
134 +|133 |00:22:28,589 ~-~-> 00:22:38,219 |where it's binary, it's distance that or this or that. It just comes by, you know, experience. And I may never get to the point where I get like that. But
135 +|134 |00:22:38,459 ~-~-> 00:22:45,899 |I've encouraged my students to come up with a way where they can do that. And it may be something that I learned from, but that's the only Avenue i think i have
136 +|135 |00:22:45,899 ~-~-> 00:22:54,269 |for new learning and trading. Everything else I learned is about myself. But from from a price action standpoint, there's nothing new under the sun for me, I
137 +|136 |00:22:54,269 ~-~-> 00:23:03,419 |don't there's nothing out there that is going to show me something new I haven't seen before. Okay. I have a lot of things have been taught other people, lots of
138 +|137 |00:23:03,419 ~-~-> 00:23:11,579 |things have been taught. But as far as me learning something new that that doesn't happen. I learned more about myself and my reactions or my expectations
139 +|138 |00:23:11,579 ~-~-> 00:23:15,599 |about something more so than I learned about price action itself. So
140 +|139 |00:23:16,680 ~-~-> 00:23:24,270 |if I'm saying to myself and making it public knowledge at 80%, I'd be out of my lungs here, and it trades to the next level, how much would be reasonable to
141 +|140 |00:23:24,270 ~-~-> 00:23:35,040 |come off at that point? Well, if you only have 20% of a original long position, what would you take off there half that would leave you what 10% one that you
142 +|141 |00:23:35,040 ~-~-> 00:23:46,590 |would have potentially 10% get stopped out at some point but you profited 90% of your original position, all the way through up to $3.30 when everyone else was
143 +|142 |00:23:46,590 ~-~-> 00:23:57,180 |tweeting, cheerleading on that it's going to go to $5 you get ready to buy your Lamborghini. I'm telling everybody look, there's no justification for that. And
144 +|143 |00:23:57,180 ~-~-> 00:24:04,920 |this is where it's at. It's done. We broke down we have a bearish breaker in here. And you have to be mindful that and it's in video Okay, it's time and date
145 +|144 |00:24:04,920 ~-~-> 00:24:13,080 |stamp got can't change it. It's in the YouTube server and it's in Twitter's whatever you want to call it their server. It's, it's there, I can't manipulate
146 +|145 |00:24:13,080 ~-~-> 00:24:23,730 |it. So I said these things beforehand. I wasn't ambiguous about it. I didn't waffle about it. I said it wasn't going higher. Okay, and I gave you levels to
147 +|146 |00:24:23,730 ~-~-> 00:24:33,750 |watch for new setups to form to study it going lower. Okay, I mentioned this bearish order block in here. Okay, that would be one. And I said you want to
148 +|147 |00:24:33,750 ~-~-> 00:24:41,130 |watch around that $3 Mark, because it's going to probably give you another opportunity for distribution. It did that very thing here. And we sold off and
149 +|148 |00:24:41,130 ~-~-> 00:24:48,960 |we went down to $2.40 where everyone else was looking at this low here saying it's going to go down there and it's going to start to pop Okay, we're calling a
150 +|149 |00:24:48,960 ~-~-> 00:24:57,630 |bounce. It was a dead cat bounce. Okay, it bounced right up to a level I said it was gonna miss sell and it sold off right there. went down to my level $2.40 and
151 +|150 |00:24:57,630 ~-~-> 00:25:06,000 |then ultimately went consolidated. Okay, and Then created another opportunity to do what? That's what I'm talking to you about today. I said in previous
152 +|151 |00:25:06,030 ~-~-> 00:25:13,950 |recordings that $2 was the level I would expect it to go for, which will be sweeping up this low. Why did I say that low? Because that's where the orders
153 +|152 |00:25:13,950 ~-~-> 00:25:21,660 |were, I told you that was where the orders were, that's exactly where the mark is going to go. I give you interpretations from a market maker standpoint, I
154 +|153 |00:25:21,660 ~-~-> 00:25:29,730 |don't teach retail, I don't cherry pick from different mentors and people and try to create some content unique new thing. I'm telling you how an
155 +|154 |00:25:29,730 ~-~-> 00:25:38,040 |institutional mindset would interpret price action. And I bridge that gap with a chart and I show you exactly where they're going to take it. And it happens
156 +|155 |00:25:38,040 ~-~-> 00:25:46,050 |every single week, every single month, every single day. I'm giving you example, after example, either I'm the luckiest son of a bitch on the planet, or there's
157 +|156 |00:25:46,050 ~-~-> 00:25:52,920 |something that I'm talking about that has validity. And again, the people that want to wrestle with this stuff, I want to shake him by the lapels and like to
158 +|157 |00:25:52,920 ~-~-> 00:26:03,210 |just stop and just pay attention. Okay, just pay attention to what I'm teaching you because you're being stubborn. And you want to have this team mentality,
159 +|158 |00:26:03,510 ~-~-> 00:26:10,770 |because you like someone or you've thought you probably paid for something for someone else, and you feel like a fool because you're doing that and they're not
160 +|159 |00:26:10,770 ~-~-> 00:26:21,510 |doing what you're seeing here. And I'm doing my stuff for free right now. I'm showing you on a all risk of my saving face. Okay, I'm out here openly telling
161 +|160 |00:26:21,510 ~-~-> 00:26:30,840 |you what I think's going to happen. If I'm wrong, you'll see that I'm wrong. How many times is that occurring? It's not having a lot. It's going to script
162 +|161 |00:26:31,050 ~-~-> 00:26:41,670 |because I understand how prices delivered period that the level experienced that is lacking in Twitter. There's a lot of people out there, I think that are
163 +|162 |00:26:42,060 ~-~-> 00:26:49,170 |pretty decent individuals that are very worthwhile in terms of following and listening to some of the things they're doing. In fact, it's very interesting to
164 +|163 |00:26:49,170 ~-~-> 00:27:01,020 |see what they're doing. But there isn't a lot of experience in the sense that they know what they're doing. They're still experiencing new learning. I'm not,
165 +|164 |00:27:01,320 ~-~-> 00:27:09,600 |I'm not doing those types of things. And yes, it sounds egotistical, but this is what the experience sounds like, you know, when everyone else around you has
166 +|165 |00:27:09,600 ~-~-> 00:27:18,810 |less experience. It's hard not to sound egotistical, because how else would I draw contrast to it? I'm superior because I've been doing it longer. That's the
167 +|166 |00:27:18,810 ~-~-> 00:27:26,310 |only thing. It's not because I wear a different style of clothing or drive a better car or live in a better home. It's because I've been doing it longer.
168 +|167 |00:27:26,340 ~-~-> 00:27:34,770 |That's all I'm trying to distinguish. Okay, so I would put more faith behind someone who has done something much longer than someone that has been right a
169 +|168 |00:27:34,770 ~-~-> 00:27:45,180 |few times recently. And you really can't substantiate what they've said, based on what they actually do. Okay, so now just leave that for you to determine what
170 +|169 |00:27:45,180 ~-~-> 00:27:58,050 |you want to see value in. But I drew everyone's attention to this low back here in video. Okay. Look at it, you'll see it's there. It's in. It's in YouTube. So
171 +|170 |00:27:58,050 ~-~-> 00:27:58,800 |my YouTube channel.
172 +|171 |00:27:58,890 ~-~-> 00:28:07,380 |Okay, so I drew everyone's attention to that level right there. That's where the orders are. What orders that's where everyone's protective cell stop is for the
173 +|172 |00:28:07,380 ~-~-> 00:28:17,070 |hold on for dear lifers. Now, anyone that bought down here, what did they make? zip, because they just got knocked out down here, right there, they got to they
174 +|173 |00:28:17,070 ~-~-> 00:28:25,020 |get taken out. So they may be on Twitter, preaching and hard and heavy cheerleading. So we're gonna pump out and retweet and everybody that's in love
175 +|174 |00:28:25,020 ~-~-> 00:28:34,350 |with ripple, it's going to be the next thing it's going to, it's going to that it might be, but it's still going to take you out of the moves before that all
176 +|175 |00:28:34,380 ~-~-> 00:28:42,570 |would take place. And that's what I'm trying to teach people to observe, you need to see those things. So what led to this move down to the level I called
177 +|176 |00:28:42,570 ~-~-> 00:28:56,700 |for beforehand, $2 Mark, this run back to the three hour mark here. Okay? This is the same thing as this move here. Price is fractal. Everything you see in one
178 +|177 |00:28:56,700 ~-~-> 00:29:06,240 |timeframe or one scale is replicated in another either in a larger capacity or a smaller capacity. That means if you see something that occurs in a five minute
179 +|178 |00:29:06,240 ~-~-> 00:29:15,780 |chart, it has been added to it. The same thing can form on a 15 minute chart, a one hour chart, a three hour chart, a daily chart, a monthly chart, a yearly
180 +|179 |00:29:15,780 ~-~-> 00:29:25,830 |chart, it's all fractal. So when you understand the mechanics of what you're looking for, not bull flags, because there's really nothing valid about a bull
181 +|180 |00:29:25,830 ~-~-> 00:29:34,230 |flag. Okay? When you look at the interpretation of an ice breaker, there's something behind it then just simply saying it's a continuation pattern, which
182 +|181 |00:29:34,230 ~-~-> 00:29:43,710 |it's not it's actually a reversal pattern. But the context behind a breaker pattern is this. You have to have an old high in any time price runs above the
183 +|182 |00:29:43,710 ~-~-> 00:29:51,030 |old high if I'm already suspecting This is probably not going to continue. And why did I say let me let me go back I'm gonna kind of like fill in this gap and
184 +|183 |00:29:51,480 ~-~-> 00:30:01,530 |proceed on as to what led to this drop off over here. What I see in price How did I know that $3 is a good idea to take any percent of the Long's off there.
185 +|184 |00:30:01,770 ~-~-> 00:30:10,320 |And in 330, was there, okay, 330, I'm not going to give you a context of what 330 was specifically. But in here, if you're in my mentorship, you'll end up
186 +|185 |00:30:10,320 ~-~-> 00:30:16,170 |seeing charts that show you why that was there. But, and I had not put them up there. Some mentorship students, don't freak out, say, Well, I don't do that
187 +|186 |00:30:16,170 ~-~-> 00:30:22,800 |chart, I'm going to give it to you, because it's already hit my level. So I'd go back to that and give you all the details in the dress at all. But the fact is,
188 +|187 |00:30:22,800 ~-~-> 00:30:30,180 |I gave these levels and my interpretation of why it wasn't going higher, beforehand, okay, and I gave you the reasons why I told you the scenarios,
189 +|188 |00:30:30,180 ~-~-> 00:30:41,790 |what's going to happen, it's going to come down, trade up to $3, and then trade down to two. That's what you got it right there. So what led to the idea that $3
190 +|189 |00:30:41,790 ~-~-> 00:30:56,160 |and 330 was about it? Well, if you have volume, and I always usually take the volume off, one on my charts here. But if you have volume bars on here, you plot
191 +|190 |00:30:56,160 ~-~-> 00:31:07,680 |that on your chart. Let me see if I can pull mine up again. Alright, so here we have the volume back on a chart. And I want you to take a look at how volume
192 +|191 |00:31:08,580 ~-~-> 00:31:20,550 |precedes price. Okay, when I share levels, obviously, people have an issue with me, because I'm doing way better than they are. They will challenge and say I
193 +|192 |00:31:20,550 ~-~-> 00:31:27,600 |give you a myriad of levels, and then want to come back later on and say I called this move, I called that move. No, actually, I only talk about the
194 +|193 |00:31:27,600 ~-~-> 00:31:35,340 |specific moves I mentioned. And that's what I'm doing here today. But I give specific levels, because I want you as my student, assessing mentorship
195 +|194 |00:31:35,340 ~-~-> 00:31:43,440 |students, because they have a greater understanding what's going on. They know what to look for around these levels. What constitutes a setup, just because I
196 +|195 |00:31:43,440 ~-~-> 00:31:51,840 |have a level in mind doesn't mean there is going to be a trade there, I have to still wait for something to form. But the levels are there beforehand, to my
197 +|196 |00:31:51,840 ~-~-> 00:32:00,450 |attention is focused at the time price is trading at it. So when trace price is trading at that $3 Mark, I want you to take a look at what's happened. At this
198 +|197 |00:32:00,450 ~-~-> 00:32:09,960 |time, we've created a new high to the left, we go right back to this price point right here. Okay, so this this high, and now we have a new, higher high. At that
199 +|198 |00:32:09,960 ~-~-> 00:32:18,780 |time, right here, this candle, we have a reference point on the volume in here. Now there's going to be all kinds of spikes, and there's gonna be variations of
200 +|199 |00:32:18,780 ~-~-> 00:32:27,270 |all that stuff, okay, but I want you to really use this tool, okay, because I'm gonna give you something here that has given me a great deal of X ray vision, if
201 +|200 |00:32:27,270 ~-~-> 00:32:35,730 |you will, around key levels already know what level should be key, but when I see volume, support it and you'll hear me talk about volume. Okay, only the
202 +|201 |00:32:35,730 ~-~-> 00:32:43,230 |folks that watch me do things with commodities. Ever seen me do anything with volume, but volume precedes price? And what do I mean by that? We have a high
203 +|202 |00:32:43,230 ~-~-> 00:32:57,870 |back here. Okay, a new high. So on this particular day, we have and when is that the third of January? Okay, so in here, we
204 +|203 |00:32:58,920 ~-~-> 00:33:16,080 |get these crosshairs on this high here, we have this volume bar right here. So this volume bar, and then we have a new high here, Casey, that. So we have this
205 +|204 |00:33:16,080 ~-~-> 00:33:27,960 |candle represent this volume. And then we have this new candle high. And we have slightly higher volume there. Now watch what happens when you create a new high.
206 +|205 |00:33:28,860 ~-~-> 00:33:39,120 |Over here. We have all this run up here. But now look what happens. The volume is way down here. That's way lower than that. Does that indicate new buying? No,
207 +|206 |00:33:39,540 ~-~-> 00:33:51,300 |absolutely not. What about the high appear? Look at that. Is that indicative of new buying volume should be doing something like this should be going higher?
208 +|207 |00:33:51,960 ~-~-> 00:34:05,910 |It's not to look at the overall scheme of what's going on. We see price action, going higher, making higher highs. Okay. But in the interpretation of volume,
209 +|208 |00:34:06,480 ~-~-> 00:34:22,680 |that should be seen with higher volume nodes. is that happening? No. This is distribution. All of this running up is the Long's selling out of their
210 +|209 |00:34:22,680 ~-~-> 00:34:33,060 |position. Not new buying. So when you look back over on Twitter, and you see all these hot shots, they think they're smart. They're all gonna retire. They're not
211 +|210 |00:34:33,210 ~-~-> 00:34:40,200 |looking at things like this because they don't know what they're doing. They have no idea what they're doing. They're falling along with the herd mentality.
212 +|211 |00:34:40,470 ~-~-> 00:34:48,360 |cheerleading it on hold on for dear life. We're all gonna laugh at everybody else later on. Who's laughing now? That's my question of the day who's laughing
213 +|212 |00:34:48,360 ~-~-> 00:35:01,830 |now? Because I'm telling you things that make sense because they exist. Not only just because I see them today, but they've always been there. Mark makers have
214 +|213 |00:35:01,830 ~-~-> 00:35:12,420 |levels in which they want to allow assets to trade to, not for your benefit, but for the benefit of them, or clients that are in business with them banks, large
215 +|214 |00:35:12,420 ~-~-> 00:35:20,070 |institutions. So when we trade around key levels, what makes it a key level, there's several things that I teach around that. But it's not support
216 +|215 |00:35:20,070 ~-~-> 00:35:30,720 |resistance. Because these levels were not even here, when I gave $3 and $3.30, that has never been traded to buy ripple. But I gave you that specific level and
217 +|216 |00:35:30,720 ~-~-> 00:35:42,060 |it was only off by a penny and a half a half a penny. That's tight. For an asset class, I don't even trade I said that it wasn't going to go higher. And we have
218 +|217 |00:35:42,060 ~-~-> 00:35:50,970 |a ICT bearish breaker in here, price trades up into that breaker where we have this down closed candle. We have a bearish breaker in here. So this new high
219 +|218 |00:35:51,330 ~-~-> 00:35:59,280 |that broke above and we get this across here sounds a little bit hard to see that we have this high here. We have a new hot here trading right to the level I
220 +|219 |00:35:59,280 ~-~-> 00:36:08,880 |call for three hours and 30 cents, when only 80% of the position would still be on at that time. Why? Because volume has given me the indication that we're go
221 +|220 |00:36:08,880 ~-~-> 00:36:15,840 |we're close to an area distribution. Okay. And then we see the technical support, it will break down in market structure and then we trade back to the
222 +|221 |00:36:15,840 ~-~-> 00:36:24,330 |breaker here and have one more deeper retracement, I said watch that $3. Mark. Why because it's going to be a level of value, they want to get out of their
223 +|222 |00:36:24,330 ~-~-> 00:36:30,900 |long position around $3. They're not going to take your long positions off down here. They're going to drive it up and wait for it to hit $3. And then they can
224 +|223 |00:36:30,900 ~-~-> 00:36:38,760 |get out of what they couldn't get out here on the first time. It's sold here, they started selling and distributing their their profits here. They rally up,
225 +|224 |00:36:38,760 ~-~-> 00:36:46,620 |they sold some more, came back down up to here, they sold some more here. They left that level of value and then right back to $3. Again, they sold it and then
226 +|225 |00:36:46,620 ~-~-> 00:36:55,800 |look what happens. The majority of the selling peaks place what's going on there. any residual Long's that were riding all the way up here. They sold out
227 +|226 |00:36:55,800 ~-~-> 00:37:05,910 |and added new shorts. Now new selling came in? What is how can you? How can you see that? What what's the interpretation behind that? Well, let's go back to
228 +|227 |00:37:05,910 ~-~-> 00:37:13,230 |volume. All right. Alright, so now we have that same premise. But now we're going to switch our perspective. Okay. Now what we're going to do is run a
229 +|228 |00:37:13,230 ~-~-> 00:37:25,020 |measure, again, anything that we're seeing going up, we're not looking for that to be seen as buying. Otherwise, we would see volume increasing. As we see this
230 +|229 |00:37:25,020 ~-~-> 00:37:32,430 |high here, it's been breached with this high here. So between these two reference points, there should be a higher volume node. Let's go back over here.
231 +|230 |00:37:33,690 ~-~-> 00:37:43,350 |crosshairs, we're gonna put it on this swing high here. So we have this nodule right here, per volume. Okay, and then we're gonna look at this high here.
232 +|231 |00:37:44,670 ~-~-> 00:37:56,070 |So from this candle, and this note on the volume, and this one. So we had a higher volume here on this high, and then we had this higher high form with a
233 +|232 |00:37:56,070 ~-~-> 00:38:05,940 |lower volume node. So it's not new buying that's going back up to that breaker is just being repriced. That's all that is. So when that occurs, we know that
234 +|233 |00:38:05,940 ~-~-> 00:38:15,600 |this is going to be a selling point, which I already gave you before volume even showed it and before price ever traded there. Wow, it just hit you didn't it? I
235 +|234 |00:38:15,600 ~-~-> 00:38:23,610 |can see ship before happens, folks, whether you like it or not learn to love it because it's consistent. This is distribution and ICT parish breaker. Now how
236 +|235 |00:38:23,610 ~-~-> 00:38:31,410 |can you measure that from this high as prices dropping, then and only then should volume start to go higher each time it starts to move lower, we should
237 +|236 |00:38:31,410 ~-~-> 00:38:44,040 |see higher volume nodes from this candle here. prices drop dropping, we took out these loads here it should be done on high volume. These levels here, here's
238 +|237 |00:38:44,070 ~-~-> 00:38:48,990 |volume. And we have price trading through it on this candle right there.
239 +|238 |00:38:49,499 ~-~-> 00:38:49,949 |We got
240 +|239 |00:38:49,950 ~-~-> 00:39:04,140 |it. Prices driving higher all the volume we went from low volume, the high volume and bang. large volume node largest one. Now, this is not stopping volume
241 +|240 |00:39:04,140 ~-~-> 00:39:11,010 |as the essay will teach now they'll teach it stuff like that. Okay, but that's not what that is. It's not stopping shit. It's all it's doing is giving you an
242 +|241 |00:39:11,010 ~-~-> 00:39:18,690 |indication it's going to go lower again, we're going to go to level I call for where this liquidity is right below this low. So yes, we went back up and we
243 +|242 |00:39:18,690 ~-~-> 00:39:27,900 |consolidate but what do we do what we what were we actually doing in here? Let's go back. Okay, so let's go over here and get the crosshairs off. We have this
244 +|243 |00:39:27,900 ~-~-> 00:39:38,490 |low here. And we went back up into a range what range are we looking at? We have another breaker this big down closed candle is the ICT bearish breaker for this
245 +|244 |00:39:38,490 ~-~-> 00:39:49,620 |run on this swing high. So this run on the stops our eyes go right to here. Okay, so now we're gonna do that same thing we did earlier drawing a box which
246 +|245 |00:39:49,620 ~-~-> 00:39:58,950 |looks like everyone else supplying the moon, but it's not supplying the man. This is technicals from an institutional perspective reading the market from how
247 +|246 |00:40:01,230 ~-~-> 00:40:09,390 |liquidity as seen, okay, I'm trying to be very careful how I say these things because I don't want to divulge any mentorship stuff, but we have a bearish ice
248 +|247 |00:40:09,390 ~-~-> 00:40:22,380 |breaker. Price trades up into it. So, so look where it stops it stopping at the top of that candle. Okay, and then boom hits what level 22 or 2.8 level? Okay,
249 +|248 |00:40:22,620 ~-~-> 00:40:35,160 |so we have that at phenomenon taking place, which I like hits it, and then we leave it come back up. mitigation sells off. Where's it go to to our mark?
250 +|249 |00:40:35,640 ~-~-> 00:40:43,800 |Everything I say what's going to happen? And look what it does it goes there. Where's all this volume? where's this going coming from? That's everybody stops
251 +|250 |00:40:43,800 ~-~-> 00:40:53,700 |resting right below there that was not just knocked out. Folks, this was told to you before it happened. It was told you in nauseum in terms of detail why it was
252 +|251 |00:40:53,700 ~-~-> 00:41:01,770 |going to happen. It's there. So listen to the bullshit if you want, you know, the guy never gives any trades in advance. He never talks about things before it
253 +|252 |00:41:01,770 ~-~-> 00:41:10,410 |happens. yada yada yada. The shit I'm talking about happens to script. Okay, I don't see anybody else doing this stuff. Okay, I can tell you what the markets
254 +|253 |00:41:10,410 ~-~-> 00:41:17,790 |going to do, not just in the next move. But what it's going to do as a scenario. What's going to take the stops out what's going to draw new liquidity in, put
255 +|254 |00:41:17,790 ~-~-> 00:41:28,320 |people on the wrong side. Come on how many times you have to see this stuff before you dismiss any other any other outside influence. Seriously, I'm here.
256 +|255 |00:41:28,470 ~-~-> 00:41:38,940 |It didn't cost you anything for me at the time to listen. But it's exactly what I said what's going to happen to many of you are so hopped up on the hot hand
257 +|256 |00:41:38,940 ~-~-> 00:41:46,980 |right now, I'm telling you, I don't have a hot hand, I have a steady hand. Okay, I don't want to be hot once in a while. I want to be steady Eddie, I want to be
258 +|257 |00:41:46,980 ~-~-> 00:41:54,210 |the guy that knows what's going to happen most likely, and I only want to execute them. And that's it. We see here over and over and over again. In an
259 +|258 |00:41:54,210 ~-~-> 00:42:03,180 |asset class I don't even trade with live money with this is stuff that I'm just studying just like everyone else is okay. But I'm not out here cheerleading and
260 +|259 |00:42:03,180 ~-~-> 00:42:11,340 |saying ripples going to the moon ripples going to $5 I'm going to cash out everything. That's not what I'm doing, folks. I'm telling you what's going on
261 +|260 |00:42:11,340 ~-~-> 00:42:22,410 |behind the scenes, why it's going to happen. And it's there. It's not a guess. It's not gambling. Here's the science behind what I said and why it took place.
262 +|261 |00:42:22,950 ~-~-> 00:42:30,690 |Go back and look at it. It's there. It's documented. I didn't have 15 different things that could happen. I can go back later on. I gave very specific
263 +|262 |00:42:30,690 ~-~-> 00:42:43,470 |scenarios. Exactly why should take place. And it happened. And it does this all the time, every single week. This is what happens on a forex setup where we know
264 +|263 |00:42:43,470 ~-~-> 00:42:49,860 |that certain parameters are there, certain things are going to take place and we stock that all I did was it gave me what I would have done if this was a forex
265 +|264 |00:42:49,860 ~-~-> 00:42:51,660 |pair. That's
266 +|265 |00:42:51,900 ~-~-> 00:42:52,680 |how it works.
267 +|266 |00:42:53,070 ~-~-> 00:43:01,710 |So speaking of forex, let's go over to forex. I'm gonna talk about something I did on non farm payroll. Alright, so here's that demo account. Again, always,
268 +|267 |00:43:01,710 ~-~-> 00:43:09,420 |every time I show this, make sure you keep track of that number up here, because that number is not going to change. Okay, I'm going to show you accountability.
269 +|268 |00:43:09,840 ~-~-> 00:43:18,510 |The thing that's lacking I'm not using half a dozen demo accounts, I'm going to use one that we can see what we can do with just one and using proper risk
270 +|269 |00:43:18,510 ~-~-> 00:43:29,850 |management and money management approaches. So let's go over I'm gonna show you a video I did last Friday, and I look at the time. Okay, this is recorded and
271 +|270 |00:43:29,880 ~-~-> 00:43:38,490 |made beforehand, but it didn't trade to the level I called for in the video, but it did today. Right so you can see the time and the date when this was made.
272 +|271 |00:43:38,970 ~-~-> 00:43:45,840 |This is all new york time. Okay. And the reason why I didn't post it because I wanted to see if we could get down to it today. It doesn't make a difference.
273 +|272 |00:43:45,840 ~-~-> 00:43:53,640 |And you'll see why it wasn't really shared. Because the part about the eurodollar was already shared on social media through Twitter. But I want to
274 +|273 |00:43:53,640 ~-~-> 00:44:03,060 |show you what was not seen from the cable standpoint and what we ended up seeing as a later result. So I'm going to go to this video here. I'll just play it.
275 +|274 |00:44:11,370 ~-~-> 00:44:18,540 |Again this not to show the disclaimers, folks, I apologize for that. But it is what it is.
276 +|275 |00:44:49,980 ~-~-> 00:45:02,190 |to notice that I'm doing this On Friday
277 +|276 |00:45:16,770 ~-~-> 00:45:21,330 |and this isn't that this is how I practice non farm payroll.
278 +|277 |00:46:41,760 ~-~-> 00:46:54,240 |Now watch out price starts to run higher. Okay.
279 +|278 |00:47:07,830 ~-~-> 00:47:19,680 |So I'm going to frame two potential scenarios for you here. Either one would have been fine, but it's not fine payable, so it's practice only.
280 +|279 |00:47:27,960 ~-~-> 00:47:34,080 |So measuring the PIP spread between entry to 30 pips above that would be
281 +|280 |00:47:50,550 ~-~-> 00:47:52,770 |this is the one we shared on public on Twitter.
282 +|281 |00:48:03,810 ~-~-> 00:48:07,320 |You want to look at Twitter and I shared that chart as well.
283 +|282 |00:48:43,469 ~-~-> 00:48:47,219 |That's what we're seeing here. So I'm going to outline a short
284 +|283 |00:49:00,390 ~-~-> 00:49:12,180 |so there's two scenarios or setups here. One was the bearish order block with a stop at 3599. And now I'm going to show you turtle soup which is the run above
285 +|284 |00:49:12,180 ~-~-> 00:49:18,840 |the initial highlight day, which is the characteristic of non farm payroll. Run the stops.
286 +|285 |00:49:24,570 ~-~-> 00:49:30,360 |To have to wait for price get back above that initial high Tring, preferably above 3580.
287 +|286 |00:49:37,949 ~-~-> 00:49:44,939 |Again, notice the time down in the lower right hand corner when this is occurring. It's just a few minutes shortly after non farm payroll numbers have
288 +|287 |00:49:44,939 ~-~-> 00:49:45,659 |been released.
289 +|288 |00:50:10,260 ~-~-> 00:50:18,270 |Public numbers as a smokescreen to run out liquidity, and referring to employment numbers there.
290 +|289 |00:50:25,290 ~-~-> 00:50:35,910 |Now middlee, I guess you're here. I thought that we could get that 3520 level last Friday, but you'll see how I managed that. It didn't happen that day. But
291 +|290 |00:50:35,910 ~-~-> 00:50:45,480 |we did get it eventually today, as on Monday, the eighth of January to number about the initial highlight day. So watch what I start outlining in here. The
292 +|291 |00:50:45,480 ~-~-> 00:50:55,230 |tricky one, the institutional 3580 level. So I'll map out my perspective on what I think might be seen in price as a result of this
293 +|292 |00:51:20,010 ~-~-> 00:51:23,430 |in prices above the initial tie today,
294 +|293 |00:51:32,429 ~-~-> 00:51:43,289 |basic evidence, which tells me that we might maybe punch a little bit higher, but it's going to be limited in scope. So it isn't going to be like a run to 36
295 +|294 |00:51:43,289 ~-~-> 00:52:18,239 |big figure. So I want to be selling above that initial high today and No, I'll be really close to the Hi Mike right about now. Which also
296 +|295 |00:52:24,179 ~-~-> 00:52:25,169 |notice that the idea
297 +|296 |00:52:48,239 ~-~-> 00:52:52,679 |that's where the stop is for the bearish order block. Now I'm going to give you a setup for turtle soup
298 +|297 |00:52:58,650 ~-~-> 00:53:00,870 |836 Friday, January 5.
299 +|298 |00:53:07,860 ~-~-> 00:53:27,030 |If it were like it was not included, please be sure. Okay. Now watch how much price moves against this idea or outline.
300 +|299 |00:53:37,650 ~-~-> 00:53:42,480 |The high on that candle is 3582. Once
301 +|300 |00:53:48,989 ~-~-> 00:53:51,329 |again, highs 3582 right now.
302 +|301 |00:54:18,570 ~-~-> 00:54:26,670 |That's a joke Kevin hooks and
303 +|302 |00:54:33,660 ~-~-> 00:55:14,640 |typically on the sidelines so Tuesday Once again
304 +|303 |00:56:23,130 ~-~-> 00:56:24,360 |pay attention to this
305 +|304 |00:56:45,540 ~-~-> 00:56:54,900 |so with that said I would like to take profits at that level admin at that equilibrium price point. As you'll see later on as I make reference to that
306 +|305 |00:57:00,570 ~-~-> 00:57:12,420 |now eventually I would be speeding this recording up as you'll see. Got to start it used for the bears were black will be the same with the turtle soup here.
307 +|306 |00:57:12,690 ~-~-> 00:57:18,480 |3599. Very, very tight stops
308 +|307 |00:57:43,830 ~-~-> 00:59:39,870 |up. Okay, we're coming up close to time I'll start recording this at a higher rate of speed.
309 +|308 |01:00:04,440 ~-~-> 01:00:08,700 |So that way you guys know what I'm doing.
310 +|309 |01:00:39,540 ~-~-> 01:00:48,960 |Alright, it should be going a little bit faster now. So while I said at the time when I was recording on Friday, or that night hasn't started yet, it should in a
311 +|310 |01:00:48,960 ~-~-> 01:00:59,940 |minute or two, I'm actually going to dub over that now with commentary that would otherwise not be there because it's not being recorded. It's being sped
312 +|311 |01:00:59,940 ~-~-> 01:01:13,620 |up. Like now. Now we're going like 5000 times greater speed. Okay, so at the time I gave that entry at that red level, okay, trading around that 3580 level
313 +|312 |01:01:13,620 ~-~-> 01:01:24,810 |institutional level, I want you to see how much of a heat is put on this position. Okay, and also watch how many times we get a reaction off of that
314 +|313 |01:01:24,810 ~-~-> 01:01:38,370 |bearish order block, which is the lower level line right in here. Okay. So this wants that. So we have a run down. And I'm going to come in and give commentary
315 +|314 |01:01:38,370 ~-~-> 01:01:47,250 |about taking profits there. Because I mentioned the idea of equilibrium. It could be a consolidation day gives us Friday's non farm payroll, we ran out to
316 +|315 |01:01:47,250 ~-~-> 01:01:57,360 |buy stops, so it may ultimately reach for that low, but it may not do it Friday. So I want to come back in and give insights and why and taking profits.
317 +|316 |01:02:13,410 ~-~-> 01:02:21,810 |This is a paper trade is not live. And this is all practices is what I do with non farm payroll Fridays.
318 +|317 |01:02:31,020 ~-~-> 01:02:35,490 |It'll be 30 pips will be pocketed, says he experienced.
319 +|318 |01:02:48,510 ~-~-> 01:02:51,240 |Which is also another reason why I would like to take profits there.
320 +|319 |01:03:39,000 ~-~-> 01:03:53,790 |No pay attention. That part just said to the spacing mentioned was because the probabilities are so high that will go consolidate or sideways, I may not see
321 +|320 |01:03:53,790 ~-~-> 01:04:03,720 |that 3520 level hits. So I want to take the bulk of 75% 80% of the short position on today's outline, here's a paper trade, it's beneficial to take a big
322 +|321 |01:04:03,720 ~-~-> 01:04:12,450 |large portion off at equilibrium of the daily range because it may not go outside of the range is already defined at this time. So having that mindset,
323 +|322 |01:04:12,750 ~-~-> 01:04:22,440 |okay, the market makers made keep it so narrow once they run the stops to hold over into the new week. And I may be entirely wrong, it could go screaming above
324 +|323 |01:04:22,440 ~-~-> 01:04:29,670 |136 big figure which would stop me out anyway. Or eventually trade down below that 135 20 level did knock out those stops.
325 +|324 |01:04:39,600 ~-~-> 01:04:47,700 |Ultimately, what you'll end up seeing is the market comes back up to that bearish order block and does eventually trade a little bit higher which would
326 +|325 |01:04:47,700 ~-~-> 01:05:00,450 |have either stopped me out or as you'll see in the video, it comes to 11 o'clock in the morning, New York time, which is the London close kills and where it's In
327 +|326 |01:05:00,450 ~-~-> 01:05:10,500 |a trade, I want to be collapsing any open positions as a day trade and move to the sidelines. So just watch that in the lower right hand corner. We're at
328 +|327 |01:05:10,500 ~-~-> 01:05:22,620 |10:30am at the time on Friday of last week, non farm payroll. And you can see that the markets really showing no willingness to want to go lower, having all
329 +|328 |01:05:22,620 ~-~-> 01:05:31,950 |characteristics lending well to consolidation, or it could just gravitate towards my stop. So I'm watching it's a couple minutes before 11 o'clock in the
330 +|329 |01:05:31,950 ~-~-> 01:05:41,730 |morning, again, I would be in a position where 80% 75 to 8575 to 80% of my position would have been banked. But because it's a paper trade on I'm only
331 +|330 |01:05:41,730 ~-~-> 01:05:47,850 |outlining it in that sense. But here we are, we're getting an idea of the commentary about taking the position Off
332 +|331 |01:06:13,530 ~-~-> 01:06:27,000 |you go that would have been another 18 pips there. So the bounce with 20 to 25% remaining would have seen the about 18 pips gain and the first 80 to 75% saw 30
333 +|332 |01:06:27,000 ~-~-> 01:06:39,810 |pips and ultimately can see with time it goes back up to a point at which events you either would have stopped me or shown me no profitability so that's why use
334 +|333 |01:06:39,810 ~-~-> 01:06:52,380 |kill zones ICT kill zones their time references to not kill zones and areas on price the again you can see that the Hallmark is that it mark to market really
335 +|334 |01:06:52,380 ~-~-> 01:07:01,980 |didn't do much at all it just consolidate when sideways. Now I want to take you back over to forex because I want to show you what transpired as a result of
336 +|335 |01:07:01,980 ~-~-> 01:07:14,460 |that euro dollar we outlined here's that run above the equal highs though daily high it runs for the liquidity not the daily high it's it sells off now. Think
337 +|336 |01:07:14,940 ~-~-> 01:07:24,930 |what did I just outline in the beginning this video with the cryptocurrencies bearish ICT breakers? Isn't that what's actually occurring here? It's breaking
338 +|337 |01:07:25,020 ~-~-> 01:07:34,530 |the short holders with their protective stops right above this retail Candyland equal highs they are so telling in the marketplace. It's so obvious you can't
339 +|338 |01:07:34,530 ~-~-> 01:07:47,220 |hide it. So what we do is just run above there's equal highs, or I goes right to the down close candles. Oh, what is that? Right in here? Let's zoom in. tell you
340 +|339 |01:07:47,220 ~-~-> 01:08:06,330 |I wish I was this fluid with trading view like a noob. Alright, right there. So here we have the down close candles right before the run up. So this is an ICT
341 +|340 |01:08:06,330 ~-~-> 01:08:14,730 |bearish breaker and how we use that as we wait for price to trade down below, which it does right here on this candle, wait for to trade back up to it and
342 +|341 |01:08:14,730 ~-~-> 01:08:21,300 |start watching to see if there's distribution when price comes right back up to the bottom of it. It's it starts us off a little bit. But the overall context
343 +|342 |01:08:21,300 ~-~-> 01:08:29,490 |has not changed. Where is the market most likely going to reach for it? Well, what do you see on the left hand on this chart? The opposite of this right here.
344 +|343 |01:08:30,270 ~-~-> 01:08:41,850 |Okay. And that's the 120 level. Now, it could go to that level. But right above 120 would be what 120 20. So the institutional level I would be aiming for would
345 +|344 |01:08:41,850 ~-~-> 01:08:49,080 |be 120 20, which is right in here, which is what I was aiming for at the non farm payroll, you hear that in the video. And right there I tweeted the chart,
346 +|345 |01:08:49,770 ~-~-> 01:08:58,710 |as it happened as it slammed right into 2020. As I always do like a sniper, I'm hitting it as I see the levels I call for when it hits it, I'm screencasting at
347 +|346 |01:08:58,710 ~-~-> 01:09:05,040 |the very moment it does it and immediately tweeting it, I'm not doing it five hours later, I'm not doing it 60 minutes later where it can be doctored up,
348 +|347 |01:09:05,370 ~-~-> 01:09:13,890 |everything is done at the moment where no time can be used to manipulate Photoshop or none of those things. Okay, everything is exactly as it happens
349 +|348 |01:09:13,890 ~-~-> 01:09:25,200 |when it happens. Once it hits that 120 20 level, we get the run back up into the bearish breaker here. Then we have the weekend. We have Sunday's opening and we
350 +|349 |01:09:25,200 ~-~-> 01:09:33,600 |have a gap. So it comes back up, fills in the gap runs the buy stuffs that would be on any short holders. Hello. If they're short, where's their stock gonna be
351 +|350 |01:09:33,600 ~-~-> 01:09:43,050 |right here? That's what you see right here. Bang it hits it inside the breaker. What's it Dylan it's gonna sell off. There you go. And ultimately, that's where
352 +|351 |01:09:43,050 ~-~-> 01:09:54,630 |we're at. So it runs all these equal lows down here and even runs your liquidity resting rate below this low as well. Okay. So, again, I said that if you see not
353 +|352 |01:09:54,660 ~-~-> 01:10:02,520 |on payroll Friday, runs an area like this. What it does is it maintains acts like a Judas swing for the month. It'll give you the initial run here and give
354 +|353 |01:10:02,520 ~-~-> 01:10:11,460 |you a nice little price swing, go the other direction and here you go. You got an opportunity to see approximately 100 pips or so. So a little bit more than
355 +|354 |01:10:11,460 ~-~-> 01:10:21,330 |100 pips all outlined before the fact so you seen it. Now try to dismiss it. Hopefully you found this video insightful and entertaining or at the very least,
356 +|355 |01:10:21,840 ~-~-> 01:10:26,010 |enough to piss you off. And until next time, I wish you good luck and good
5 5  
6 -2
7 -00:00:26,040 ~-~-> 00:00:36,330
8 -in New York, and the states, that's what time it is here locally with ICT. So I
9 -sent out a couple tweets this morning, kind of get your gears turning a little
10 -
11 -3
12 -00:00:36,330 ~-~-> 00:00:53,550
13 -bit and relates to Bitcoin. And I want you to recall that I gave a video on my
14 -YouTube channel. It's in fact, this video here, you can go to my YouTube
15 -
16 -4
17 -00:00:53,550 ~-~-> 00:01:07,350
18 -channel, inner circle trader and the episode on January 4 2018. I go into the
19 -reasons why I felt that while everyone else was cheerleading in China pump up,
20 -
21 -5
22 -00:01:07,950 ~-~-> 00:01:18,090
23 -ripple and such, that was not likely to happen. And I go through all the reasons
24 -why in this video, so I'm not going to bore you with all that. But it's not
25 -
26 -6
27 -00:01:18,090 ~-~-> 00:01:31,470
28 -about retweeting things to have the same hope and prayer mentality. It's not
29 -about retweeting or pumping, the, the storyline that you hope is going to unfold
30 -
31 -7
32 -00:01:31,470 ~-~-> 00:01:40,680
33 -because you want to look smart online, you have to know what you're doing
34 -technically. And you have to also know what the drivers are going to be to shift
35 -
36 -8
37 -00:01:40,680 ~-~-> 00:01:51,180
38 -sentiment. And I go over what that is in here. And I gave it to you the day that
39 -it occurred, and go back and look at it. Okay? Don't take other people's
40 -
41 -9
42 -00:01:51,180 ~-~-> 00:02:01,080
43 -opinions about me or my content, and then assume that's what it is. investigate
44 -what I do, what I teach what I say, and you'll see what I'm talking about is 90%
45 -
46 -10
47 -00:02:01,080 ~-~-> 00:02:11,760
48 -club here. Okay, we don't goof around. We don't pump. We don't cheerlead things
49 -up. We stick to the technicals. And with the tools in my repertoire, have really
50 -
51 -11
52 -00:02:11,760 ~-~-> 00:02:20,370
53 -served me well for 25 years plus, so I'm not a new kid on the block with this
54 -stuff. Okay, I didn't just recently find something I can see in the charts. I've
55 -
56 -12
57 -00:02:20,370 ~-~-> 00:02:31,350
58 -been doing this for a long, long time. So let's go back over, take a look at the
59 -kryptos. Right, so we're looking at Bitcoin and posed the question this morning
60 -
61 -13
62 -00:02:31,350 ~-~-> 00:02:47,550
63 -on Twitter. Why was I mentioning 17,500 as a catalyst for anything bullish above
64 -that, okay, is positive for me, it needs to get above 75. Why 17 five? Well, I
65 -
66 -14
67 -00:02:47,550 ~-~-> 00:02:58,860
68 -want to go over a couple things before we get to that point. But these zoom in
69 -and put some lipstick on this pig here. So we have and I'm admittedly very
70 -
71 -15
72 -00:02:58,860 ~-~-> 00:03:22,350
73 -clumsy with this. So it is what it is. Alright, so we have this. And then we
74 -have this. Okay, and I'll talk about that. So we have the stops, branch above,
75 -
76 -16
77 -00:03:23,400 ~-~-> 00:03:49,380
78 -previous high here. And we also have it over here as well. The stops are seen
79 -here. x here is a word. So we'll put that here. And let's make a little copy of
80 -
81 -17
82 -00:03:49,380 ~-~-> 00:04:06,150
83 -it, and post it right over there. Now, if you go back and watch what I said on
84 -Twitter, and I gave reasons why I felt that we would not see 20,000 in 2017 on
85 -
86 -18
87 -00:04:06,150 ~-~-> 00:04:16,560
88 -this particular day right here, okay, and go back and look at it on Twitter
89 -can't manipulate all that stuff. And I told you the reasons why. Okay, and it
90 -
91 -19
92 -00:04:16,560 ~-~-> 00:04:23,730
93 -was all of this cheerleading, pump it up, pump it up, everybody's all excited
94 -about Bitcoin. And I said,
95 -
96 -20
97 -00:04:23,760 ~-~-> 00:04:32,730
98 -if it's going to go higher, it's going to have to go down first, kill all the
99 -long holders because you know what the mantra is in crypto, it's especially with
100 -
101 -21
102 -00:04:32,730 ~-~-> 00:04:43,740
103 -Bitcoin is hold on for dear life. And I think that's a little too myopic because
104 -that's the same thing everyone had in their minds when the.com bubble was
105 -
106 -22
107 -00:04:43,740 ~-~-> 00:04:53,910
108 -occurring. Okay, and I was screaming from the rooftops then dump it, get rid of
109 -it, sell it, sell it, sell it. Well, just like anything else. If someone's doing
110 -
111 -23
112 -00:04:53,910 ~-~-> 00:05:01,980
113 -well in something, and someone's telling you to do the opposite of what they're
114 -doing in it. Seeing profitability is He's going to win an argument. Obviously,
115 -
116 -24
117 -00:05:02,250 ~-~-> 00:05:11,310
118 -not the person that's speaking from a stance of objectivity on I don't have any
119 -skin in the race in this. So I can be on the sidelines and be very objective
120 -
121 -25
122 -00:05:11,310 ~-~-> 00:05:19,950
123 -about it. And I don't have the emotions wrapped up in whether or not my money is
124 -going up and down in the fluctuations that occur. So, again, I don't cheerlead
125 -
126 -26
127 -00:05:19,950 ~-~-> 00:05:29,220
128 -anything. I don't cheerlead anything in the markets that I'm actually trading
129 -either. So to do those types of things, it's just, it's a hallmark of someone
130 -
131 -27
132 -00:05:29,220 ~-~-> 00:05:35,550
133 -that's a novice. And you don't want to be doing anything like that in your own
134 -personal trading. If you find yourself gravitating to these types of
135 -
136 -28
137 -00:05:35,940 ~-~-> 00:05:44,640
138 -personalities, all you're really doing is looking for something to agree with
139 -what your hopes and prayers are linked to. And if you're buying these types of
140 -
141 -29
142 -00:05:44,640 ~-~-> 00:05:52,740
143 -things, and you're holding on to them for dear life, hoping that they go up, and
144 -then you don't have any kind of meaningful retracements or potential reversals,
145 -
146 -30
147 -00:05:53,370 ~-~-> 00:06:02,640
148 -you're just basically trading with blinders on. And just to say, well, it's
149 -worth the risk of You see, climb exponentially in order to lose everything.
150 -
151 -31
152 -00:06:02,940 ~-~-> 00:06:13,620
153 -Again, that's a hallmark of a novice, okay? a neophyte, it's not what someone
154 -with a great deal of understanding would allow themselves to be subjected to. So
155 -
156 -32
157 -00:06:14,460 ~-~-> 00:06:24,570
158 -looking at Bitcoin, okay, again, go back on Twitter, you'll see these are the
159 -days that we saw the actual thing I outlined, come to fruition. And actually
160 -
161 -33
162 -00:06:24,570 ~-~-> 00:06:32,310
163 -keep storyline about on this day here, that I was actually in a grocery store,
164 -and a gentleman, a couple of carts behind me said that he was wanting to put his
165 -
166 -34
167 -00:06:32,310 ~-~-> 00:06:41,640
168 -junk food back. He wanted to buy more Bitcoin, he want to say some money. So I'm
169 -thinking myself, This is bad. And the morning, oh, my wife actually sat down
170 -
171 -35
172 -00:06:41,640 ~-~-> 00:06:50,160
173 -with me and said, hey, look, you know, do you trade Bitcoin. I said, That's it,
174 -the markets going to talk right now. And I even made a joke about it on Twitter.
175 -
176 -36
177 -00:06:50,280 ~-~-> 00:07:00,360
178 -But I meant it absolutely meant it. Because if everyone is actively talking
179 -about something being a good thing, or shows an interest in it, like my wife,
180 -
181 -37
182 -00:07:00,480 ~-~-> 00:07:08,070
183 -you know, she's been with her a long time, she has no idea what the charts
184 -telling me or it should be implied by looking at it. But she's telling me about
185 -
186 -38
187 -00:07:08,070 ~-~-> 00:07:17,550
188 -Bitcoin, and maybe I should look to buy it. Well, that's the top in the
189 -marketplace. So it really is that simple, folks, when the general population
190 -
191 -39
192 -00:07:17,700 ~-~-> 00:07:26,010
193 -that is outside the scope of what we do, we're market technicians, we, we like
194 -to look at prices moving up and down graphs, and charts and all these types of
195 -
196 -40
197 -00:07:26,010 ~-~-> 00:07:34,530
198 -things. People that are outside that circle, if they have an opinion about
199 -something, it's probably not a good idea for you to be in it in the same
200 -
201 -41
202 -00:07:34,980 ~-~-> 00:07:45,690
203 -direction or position, that would be explained by someone that's not doing this
204 -actively. So again, this is one more evidence as of the things that I talked
205 -
206 -42
207 -00:07:45,690 ~-~-> 00:07:53,490
208 -about, you know, I didn't create this, I didn't invent it, it's just common
209 -knowledge. You know, when the shoeshine boys telling you your stock tips, you
210 -
211 -43
212 -00:07:53,520 ~-~-> 00:08:04,620
213 -know, stock, it's time to sell. So, in here, we had a run above this old high.
214 -So immediately, I teach that your eye should go down to the left to the down,
215 -
216 -44
217 -00:08:04,620 ~-~-> 00:08:12,180
218 -closed candle right before that new run. That's here, right in here. So we have
219 -a down closed candle
220 -
221 -45
222 -00:08:15,360 ~-~-> 00:08:24,180
223 -to this down closed candle right before this run above this previous high and
224 -this is an ICT bearish breaker. Okay, and what this does is it highlights a
225 -
226 -46
227 -00:08:24,180 ~-~-> 00:08:35,400
228 -specific level, that's three specific levels. It's not a zone, it's not an
229 -ambiguous guestimation of where you should be looking for something, okay? It's
230 -
231 -47
232 -00:08:35,430 ~-~-> 00:08:48,210
233 -three specific levels, okay? It's the highest high, the lowest, low, and middle.
234 -Okay? So I go into the mentorship and teach a little bit more refinement with
235 -
236 -48
237 -00:08:48,210 ~-~-> 00:08:58,500
238 -that. But for public consumption, there's three specific levels you can use for
239 -the breaker. And it's just that simple. So how we use it is, eventually price
240 -
241 -49
242 -00:08:58,500 ~-~-> 00:09:07,890
243 -will go down below this down close candle, which it does on this particular day
244 -right there. When that happens, that sets the tone for the market to be in a
245 -
246 -50
247 -00:09:07,890 ~-~-> 00:09:16,680
248 -potential reversal. Now I know it flies in the face of everyone else that wants
249 -to buy these things and hold on hold on. But you still have to pay attention to
250 -
251 -51
252 -00:09:16,680 ~-~-> 00:09:28,560
253 -what the charts telling you because it's giving you a an accurate depiction of
254 -what the mindset is of traders. So if they're losing this level here, and
255 -
256 -52
257 -00:09:28,560 ~-~-> 00:09:38,700
258 -ultimately they end up losing this one as well, with this run down here. This
259 -drop down puts me in an idea that Okay, we're probably not going to be going
260 -
261 -53
262 -00:09:38,700 ~-~-> 00:09:48,810
263 -higher. And you hear me talk about that in the January 4 recording. In fact,
264 -there's another video where it's titled ICT on Bitcoin, actually go into greater
265 -
266 -54
267 -00:09:48,810 ~-~-> 00:09:56,100
268 -detail why I don't think it's going to go up. I think it's going down a little
269 -bit lower. I give you some specific things and why I think that but from a short
270 -
271 -55
272 -00:09:56,100 ~-~-> 00:10:05,250
273 -term perspective, and here it is, you know, we're right on the heels of the
274 -holiday laze around Christmas and New Year being the eighth of January 2018, the
275 -
276 -56
277 -00:10:05,250 ~-~-> 00:10:15,150
278 -market still has a lot of ironing out to do. So I allow these first couple weeks
279 -of the of the new year to trade. And I don't really hold hard and fast to an
280 -
281 -57
282 -00:10:15,150 ~-~-> 00:10:23,040
283 -idea that pushes me into trading with live funds, because I don't trust the
284 -technicals. But it doesn't change the fact that we still have to pay attention
285 -
286 -58
287 -00:10:23,040 ~-~-> 00:10:31,860
288 -to them. And I want to be engaged in price action throughout this time period,
289 -even though not actively in the marketplace taking on risk. So having these
290 -
291 -59
292 -00:10:31,860 ~-~-> 00:10:42,570
293 -ideas in mind, I go through the process of tracking with prices dealing is it's
294 -showing me consistency around that theme of this being a breaker. Okay? So I'm
295 -
296 -60
297 -00:10:42,570 ~-~-> 00:10:53,700
298 -going to come over here and draw this out as a box. Okay. And this is the part
299 -that people when they first come in contact with me, okay, or they get ticked
300 -
301 -61
302 -00:10:53,700 ~-~-> 00:11:03,060
303 -off, and they want to find some kind of a way of attack. They'll say, ICT
304 -teaches supply and demand. And I'm going to show you today, why that's nonsense.
305 -
306 -62
307 -00:11:04,950 ~-~-> 00:11:20,580
308 -Okay, so here we have a range based on the high of this candle, and the low of
309 -this candle. Okay. Inside that range, there's three specific. Well, price
310 -
311 -63
312 -00:11:20,580 ~-~-> 00:11:31,290
313 -levels, it's the lowest low, the highest high, and in the middle point of that
314 -range, which I deem the mean threshold or the middle, okay, or 50%, if you want
315 -
316 -64
317 -00:11:31,290 ~-~-> 00:11:42,990
318 -to call it that, draw a Fibonacci, put a fib level 50, drop a fib on the high to
319 -the low. And wherever that 50 level is draw that out in time. Okay. I'm going to
320 -
321 -65
322 -00:11:42,990 ~-~-> 00:11:52,620
323 -spare you that because I want to get to the chart clean. But if you look at that
324 -range, just from a standpoint of the high in the low, what price levels are
325 -
326 -66
327 -00:11:52,620 ~-~-> 00:12:05,670
328 -there? Well, you're just about 16,000 level. And you get 16 fy 17,017, five, and
329 -just fell short of 18,000. So we don't really want to see price trade above this
330 -
331 -67
332 -00:12:05,670 ~-~-> 00:12:14,700
333 -high because if it's a breaker, it's going to hold price below this range, if
334 -ever trades back up to it now. and here we can see it trades up to this level in
335 -
336 -68
337 -00:12:14,700 ~-~-> 00:12:21,780
338 -this range starts to sell off again. And I shouldn't move that starts to sell
339 -off.
340 -
341 -69
342 -00:12:22,110 ~-~-> 00:12:31,650
343 -Okay, but it doesn't go below this low here. Price then rallies above here. When
344 -I was neutral, I was not bullish. I said that I didn't see any real accumulation
345 -
346 -70
347 -00:12:31,650 ~-~-> 00:12:42,720
348 -in here. Price did sweep above this high, which will be resting by stops on
349 -anyone, anyone that's short here. They come up knock those individuals out. But
350 -
351 -71
352 -00:12:42,720 ~-~-> 00:12:51,510
353 -that stopped around here. But I said it would need to go above 75. Now the
354 -reason why I said it would need to go above 75 for me to be bullish, is because
355 -
356 -72
357 -00:12:51,510 ~-~-> 00:13:01,590
358 -we would be so close to the 18,000 level to trade the 18,000 would really
359 -dismiss this whole bearish breaker idea. And then we probably would be looking
360 -
361 -73
362 -00:13:01,590 ~-~-> 00:13:10,890
363 -to go higher. And I still maintain that same consensus here that if it trades
364 -back up above 17,500. And what do I mean by that? Not just trade through
365 -
366 -74
367 -00:13:10,890 ~-~-> 00:13:19,530
368 -intraday and come back down? That's not what I'm talking about. He needs to
369 -trade above it. Close. Okay, on a daily on a daily basis, we have a daily close
370 -
371 -75
372 -00:13:19,530 ~-~-> 00:13:28,620
373 -above 17. Five, then and only then would I be looking in considering any type of
374 -bullish scenario and waiting for it to run above two to 20,000 Mark, but as it
375 -
376 -76
377 -00:13:28,620 ~-~-> 00:13:41,010
378 -is right now, I don't see that. Okay, so we've had a series of two days of
379 -distribution here on Bitcoin after running these stops the next area of
380 -
381 -77
382 -00:13:41,040 ~-~-> 00:13:50,310
383 -liquidity or is basically below here. And then ultimately looking for another
384 -run that maybe would target this level down here. It was swing low that was
385 -
386 -78
387 -00:13:50,310 ~-~-> 00:14:04,020
388 -formed right there as well. So I want to drop into an hourly chart for Bitcoin.
389 -Alright, so we're looking at a one hour chart on Bitcoin in that shaded area,
390 -
391 -79
392 -00:14:04,020 ~-~-> 00:14:13,710
393 -again, is that bearish daily breaker? Okay, so prices traded above that this is
394 -the old high and it's a dylaney. Stop around here. Okay. And then we have what
395 -
396 -80
397 -00:14:13,770 ~-~-> 00:14:23,220
398 -this basically the same scenario unfolding a breakdown in market structure. Mark
399 -comes back up to that old high in here, and sells off. Now there's several
400 -
401 -81
402 -00:14:23,220 ~-~-> 00:14:33,690
403 -optimal trade entries in here. There's one. Here's another one. Here's another
404 -one in here. And ultimately, what I asked everyone to follow on Twitter this
405 -
406 -82
407 -00:14:33,690 ~-~-> 00:14:42,000
408 -morning, is that identify where Bitcoin was going to be reaching for now I know
409 -if you're watching my stuff the first time now this is gonna seem like all
410 -
411 -83
412 -00:14:42,000 ~-~-> 00:14:50,340
413 -hindsight stuff. But again, go back and watch the videos and look at the tweets.
414 -I've already said all this stuff beforehand. Okay, the idea that we look for
415 -
416 -84
417 -00:14:50,340 ~-~-> 00:14:58,890
418 -distribution right away anyone that's been studying my material, if we're under
419 -distribution or for looking for selling, okay, what is going to be the mechanics
420 -
421 -85
422 -00:14:58,890 ~-~-> 00:15:11,580
423 -behind that? It's Going to be a sell model, okay, or an ICT market maker sell
424 -model, your brain should be hardwired to look for consolidations right here, a
425 -
426 -86
427 -00:15:11,580 ~-~-> 00:15:19,890
428 -run out of that consolidation, preferably a small little consolidation, and then
429 -one more time run up. And then an area distribution where the market breaks
430 -
431 -87
432 -00:15:19,890 ~-~-> 00:15:29,880
433 -down. So it's smart money reversal on here, low risk sell, another optimal trade
434 -entry sell here, sells off, and what's it reach for? Right below the
435 -
436 -88
437 -00:15:29,880 ~-~-> 00:15:42,900
438 -consolidation, so we have an area in here. So this is the area of an original
439 -cumulation. Okay, and we have that in the form. And we use that wick right
440 -
441 -89
442 -00:15:42,930 ~-~-> 00:15:50,640
443 -there, because that's the lowest point right there. So this is where all the
444 -original consolidation or accumulation for the market maker so model
445 -
446 -90
447 -00:15:51,300 ~-~-> 00:16:01,230
448 -to be really trained around. So they've pumped it out of this consolidation, up
449 -above an old high ran all the stops, allow folks that look at this stuff as
450 -
451 -91
452 -00:16:01,230 ~-~-> 00:16:12,180
453 -continuation patterns and both bull flags or whatever, and it breaks down. Very
454 -easy selling opportunity here, small one from this high to this low up in here
455 -
456 -92
457 -00:16:12,210 ~-~-> 00:16:22,410
458 -optimal trade entry in an area of mitigation. And it sells off, and it reaches
459 -all the way down to the 14,000 level, which is conveniently enough, right down
460 -
461 -93
462 -00:16:22,410 ~-~-> 00:16:30,720
463 -to this bullish order block. Now these 123 down close candles, you have to blend
464 -all three of those candles together or would be otherwise a three hour candle.
465 -
466 -94
467 -00:16:30,870 ~-~-> 00:16:39,690
468 -Because these candles here represents 60 minutes or one hour. Since they're
469 -consecutive in nature. This is all fractal Okay, price action is always fractal.
470 -
471 -95
472 -00:16:40,290 ~-~-> 00:16:51,210
473 -That means what you see here is the same thing as it would be seen as a three
474 -hour basis or one three hour candle. So because the market showed a willingness
475 -
476 -96
477 -00:16:51,210 ~-~-> 00:17:02,670
478 -to run hard higher from that price point, leaving this down close series of
479 -three candles, you stop at the top of that candle here this becomes a bullish
480 -
481 -97
482 -00:17:02,670 ~-~-> 00:17:14,040
483 -ICT order block. Okay or an ICT bullish order block, they will act like magnets,
484 -okay, they'll draw a price to them when it's coming down or gone lower. price
485 -
486 -98
487 -00:17:14,040 ~-~-> 00:17:23,550
488 -goes right down to it hits it beautifully in, we have a little bit of a pop in
489 -here. But the overall setup is done from a short term or day traders
490 -
491 -99
492 -00:17:23,550 ~-~-> 00:17:35,010
493 -perspective. Using this model, it's over that that setup is done. Now, it can
494 -create a another area of distribution somewhere in here and it might be coming
495 -
496 -100
497 -00:17:35,010 ~-~-> 00:17:45,210
498 -back up to this bearish order block here and then sell off to wash out these
499 -equal lows, which is another area of consolidation, leaving the consolidation
500 -
501 -101
502 -00:17:45,210 ~-~-> 00:17:53,610
503 -going back to the original consolidation because this might be an area of re
504 -accumulation from a much larger sell model. And I probably want to some of your
505 -
506 -102
507 -00:17:53,760 ~-~-> 00:18:01,680
508 -heads if you're new. But folks have been with me for a while you know exactly
509 -what I'm talking about. This could be the next level at Target below those equal
510 -
511 -103
512 -00:18:01,680 ~-~-> 00:18:10,800
513 -lows. Just like we saw this consolidation and it runs up and goes down below it
514 -here. Anyone that went long, okay, and has that hold on for dear life mentality,
515 -
516 -104
517 -00:18:11,250 ~-~-> 00:18:19,140
518 -their stops gonna be resting right below that. That's exactly where they went
519 -right here to tag those individuals out. They never saw profit, they saw a paper
520 -
521 -105
522 -00:18:19,140 ~-~-> 00:18:26,370
523 -profit where it was looking like it was going to Okay, we're finally gonna go to
524 -20,000. And let's retweet everybody has that same opinion, that's cheerlead it
525 -
526 -106
527 -00:18:26,370 ~-~-> 00:18:32,910
528 -up. And ultimately, the price is going to go where it's going to go. Regardless
529 -of how many times you do a retweet, or high five, the next guy that believes
530 -
531 -107
532 -00:18:32,910 ~-~-> 00:18:40,290
533 -it's going to go to 20,000 Today, okay, it goes right to where the liquidity is.
534 -So crypto is in no way different than what I've always taught about all the
535 -
536 -108
537 -00:18:40,290 ~-~-> 00:18:51,540
538 -asset classes. It's all about the orders. The orders are what makes or breaks
539 -profitability. The orders below old lows in the right context, when you're
540 -
541 -109
542 -00:18:51,540 ~-~-> 00:19:01,320
543 -bearish. That's where price is going. Okay, when prices bullish, the orders are
544 -resting above an old high, when the context is bullish, that's exactly where
545 -
546 -110
547 -00:19:01,320 ~-~-> 00:19:07,800
548 -price is gonna gravitate to. It's about those orders. It has nothing to do with
549 -your technical patterns. It has nothing to do with animal harmonics. It doesn't
550 -
551 -111
552 -00:19:07,800 ~-~-> 00:19:15,420
553 -have anything to do with ladders, or depth of market, it has none of those
554 -things, because they're all gimmicks. All you need to know is the open high, low
555 -
556 -112
557 -00:19:15,420 ~-~-> 00:19:27,960
558 -and close in a certain phenomenon. It takes place around a very generic, small
559 -group of concepts that I teach. So it gives you a framework and if you don't see
560 -
561 -113
562 -00:19:27,960 ~-~-> 00:19:35,160
563 -the framework in price action, you don't do anything. So that gives you clarity,
564 -and how's that prologic you know what you're looking for? And if it's not there,
565 -
566 -114
567 -00:19:35,160 ~-~-> 00:19:41,220
568 -do you do anything? No, you turn the charts off and you go somewhere else and
569 -you spend your time doing something, you know, other than waiting for something
570 -
571 -115
572 -00:19:41,220 ~-~-> 00:19:54,750
573 -that's probably not going to form. So we seen a really nice market maker sell
574 -model here on Bitcoin on a 60 minute basis. Again, I did not have the
575 -
576 -116
577 -00:19:54,780 ~-~-> 00:20:03,720
578 -participation on this run up and I actually said this on Twitter that I was
579 -neutral on on Bitcoin. I didn't see it as accumulation, and we can see why it
580 -
581 -117
582 -00:20:03,720 ~-~-> 00:20:04,410
583 -was overall
584 -
585 -118
586 -00:20:04,829 ~-~-> 00:20:13,919
587 -in an area of distribution. So this one's done, we're going to watch and see if
588 -we're getting runs below that 13,000. Mark. If it does, it might accelerate on
589 -
590 -119
591 -00:20:13,919 ~-~-> 00:20:23,369
592 -the downside and try to challenge that 12,000 level again. But for now, I
593 -wouldn't touch it. So let's go over to ripple, which is another crypto, that
594 -
595 -120
596 -00:20:23,819 ~-~-> 00:20:32,879
597 -some of the guys are really cheerleading on Twitter, and retweet, and everybody
598 -that loves this one. Again, I will count you to go back and look at my tweets
599 -
600 -121
601 -00:20:32,879 ~-~-> 00:20:42,359
602 -and look at the video because I give you this level. And I tell you, it's going
603 -down here, okay? Again, you can argue and wrestle with whether you like me, as a
604 -
605 -122
606 -00:20:42,359 ~-~-> 00:20:50,039
607 -person, I don't care, okay, I teach this stuff that works. If you don't believe
608 -me, go through everything and try to dismiss everything that's been shown
609 -
610 -123
611 -00:20:50,039 ~-~-> 00:21:03,359
612 -beforehand. Okay. I gave $3 Mark, and specifically $3.30 was a level I tweeted
613 -in chart form. And I said as it hit $3, I would be out of any Long's 80% of
614 -
615 -124
616 -00:21:03,359 ~-~-> 00:21:11,579
617 -whatever I would have long and I don't trade these for disclosure sake, I do not
618 -trade them, I don't even demo trade them. Okay, I'm actively studying them.
619 -
620 -125
621 -00:21:11,579 ~-~-> 00:21:23,819
622 -Because I have a large body of audience that use this information, I give out
623 -debt, I teach my way of forex and futures and other asset classes. They've been
624 -
625 -126
626 -00:21:23,849 ~-~-> 00:21:34,559
627 -using it in crypto. So I have been really interested to see how much of an
628 -influence my concepts have had on other traders and students. And I can see why
629 -
630 -127
631 -00:21:34,559 ~-~-> 00:21:42,149
632 -they're excited again. So I've said this many times, and other ones like a
633 -broken record. But it is a very fascinating for me as an author for most of the
634 -
635 -128
636 -00:21:42,149 ~-~-> 00:21:51,419
637 -stuff that you're already using. It's very, very interesting to see it. But I
638 -mentioned in in tweet, you go back and look at that, I would be out 80% or
639 -
640 -129
641 -00:21:51,419 ~-~-> 00:22:01,469
642 -whatever Long's I would have at that $3 mark. And then the next level was $3.30.
643 -Now I did have some levels above here, okay. But if I give you a level and
644 -
645 -130
646 -00:22:01,499 ~-~-> 00:22:12,419
647 -plying, that, the way we practice, if it hits a level, you got to pay yourself,
648 -how much do you pay yourself, that's all going to be a unique and personal
649 -
650 -131
651 -00:22:12,419 ~-~-> 00:22:20,999
652 -thing. Okay, I don't have a system that says, I'm always going to take this much
653 -at at this much of a move. It's whatever I feel at the time. And admittedly,
654 -
655 -132
656 -00:22:20,999 ~-~-> 00:22:28,559
657 -this is one of the weakest things I have in my trading it because I have not
658 -really been satisfied with coming up with a method that is black and white,
659 -
660 -133
661 -00:22:28,589 ~-~-> 00:22:38,219
662 -where it's binary, it's distance that or this or that. It just comes by, you
663 -know, experience. And I may never get to the point where I get like that. But
664 -
665 -134
666 -00:22:38,459 ~-~-> 00:22:45,899
667 -I've encouraged my students to come up with a way where they can do that. And it
668 -may be something that I learned from, but that's the only Avenue i think i have
669 -
670 -135
671 -00:22:45,899 ~-~-> 00:22:54,269
672 -for new learning and trading. Everything else I learned is about myself. But
673 -from from a price action standpoint, there's nothing new under the sun for me, I
674 -
675 -136
676 -00:22:54,269 ~-~-> 00:23:03,419
677 -don't there's nothing out there that is going to show me something new I haven't
678 -seen before. Okay. I have a lot of things have been taught other people, lots of
679 -
680 -137
681 -00:23:03,419 ~-~-> 00:23:11,579
682 -things have been taught. But as far as me learning something new that that
683 -doesn't happen. I learned more about myself and my reactions or my expectations
684 -
685 -138
686 -00:23:11,579 ~-~-> 00:23:15,599
687 -about something more so than I learned about price action itself. So
688 -
689 -139
690 -00:23:16,680 ~-~-> 00:23:24,270
691 -if I'm saying to myself and making it public knowledge at 80%, I'd be out of my
692 -lungs here, and it trades to the next level, how much would be reasonable to
693 -
694 -140
695 -00:23:24,270 ~-~-> 00:23:35,040
696 -come off at that point? Well, if you only have 20% of a original long position,
697 -what would you take off there half that would leave you what 10% one that you
698 -
699 -141
700 -00:23:35,040 ~-~-> 00:23:46,590
701 -would have potentially 10% get stopped out at some point but you profited 90% of
702 -your original position, all the way through up to $3.30 when everyone else was
703 -
704 -142
705 -00:23:46,590 ~-~-> 00:23:57,180
706 -tweeting, cheerleading on that it's going to go to $5 you get ready to buy your
707 -Lamborghini. I'm telling everybody look, there's no justification for that. And
708 -
709 -143
710 -00:23:57,180 ~-~-> 00:24:04,920
711 -this is where it's at. It's done. We broke down we have a bearish breaker in
712 -here. And you have to be mindful that and it's in video Okay, it's time and date
713 -
714 -144
715 -00:24:04,920 ~-~-> 00:24:13,080
716 -stamp got can't change it. It's in the YouTube server and it's in Twitter's
717 -whatever you want to call it their server. It's, it's there, I can't manipulate
718 -
719 -145
720 -00:24:13,080 ~-~-> 00:24:23,730
721 -it. So I said these things beforehand. I wasn't ambiguous about it. I didn't
722 -waffle about it. I said it wasn't going higher. Okay, and I gave you levels to
723 -
724 -146
725 -00:24:23,730 ~-~-> 00:24:33,750
726 -watch for new setups to form to study it going lower. Okay, I mentioned this
727 -bearish order block in here. Okay, that would be one. And I said you want to
728 -
729 -147
730 -00:24:33,750 ~-~-> 00:24:41,130
731 -watch around that $3 Mark, because it's going to probably give you another
732 -opportunity for distribution. It did that very thing here. And we sold off and
733 -
734 -148
735 -00:24:41,130 ~-~-> 00:24:48,960
736 -we went down to $2.40 where everyone else was looking at this low here saying
737 -it's going to go down there and it's going to start to pop Okay, we're calling a
738 -
739 -149
740 -00:24:48,960 ~-~-> 00:24:57,630
741 -bounce. It was a dead cat bounce. Okay, it bounced right up to a level I said it
742 -was gonna miss sell and it sold off right there. went down to my level $2.40 and
743 -
744 -150
745 -00:24:57,630 ~-~-> 00:25:06,000
746 -then ultimately went consolidated. Okay, and Then created another opportunity to
747 -do what? That's what I'm talking to you about today. I said in previous
748 -
749 -151
750 -00:25:06,030 ~-~-> 00:25:13,950
751 -recordings that $2 was the level I would expect it to go for, which will be
752 -sweeping up this low. Why did I say that low? Because that's where the orders
753 -
754 -152
755 -00:25:13,950 ~-~-> 00:25:21,660
756 -were, I told you that was where the orders were, that's exactly where the mark
757 -is going to go. I give you interpretations from a market maker standpoint, I
758 -
759 -153
760 -00:25:21,660 ~-~-> 00:25:29,730
761 -don't teach retail, I don't cherry pick from different mentors and people and
762 -try to create some content unique new thing. I'm telling you how an
763 -
764 -154
765 -00:25:29,730 ~-~-> 00:25:38,040
766 -institutional mindset would interpret price action. And I bridge that gap with a
767 -chart and I show you exactly where they're going to take it. And it happens
768 -
769 -155
770 -00:25:38,040 ~-~-> 00:25:46,050
771 -every single week, every single month, every single day. I'm giving you example,
772 -after example, either I'm the luckiest son of a bitch on the planet, or there's
773 -
774 -156
775 -00:25:46,050 ~-~-> 00:25:52,920
776 -something that I'm talking about that has validity. And again, the people that
777 -want to wrestle with this stuff, I want to shake him by the lapels and like to
778 -
779 -157
780 -00:25:52,920 ~-~-> 00:26:03,210
781 -just stop and just pay attention. Okay, just pay attention to what I'm teaching
782 -you because you're being stubborn. And you want to have this team mentality,
783 -
784 -158
785 -00:26:03,510 ~-~-> 00:26:10,770
786 -because you like someone or you've thought you probably paid for something for
787 -someone else, and you feel like a fool because you're doing that and they're not
788 -
789 -159
790 -00:26:10,770 ~-~-> 00:26:21,510
791 -doing what you're seeing here. And I'm doing my stuff for free right now. I'm
792 -showing you on a all risk of my saving face. Okay, I'm out here openly telling
793 -
794 -160
795 -00:26:21,510 ~-~-> 00:26:30,840
796 -you what I think's going to happen. If I'm wrong, you'll see that I'm wrong. How
797 -many times is that occurring? It's not having a lot. It's going to script
798 -
799 -161
800 -00:26:31,050 ~-~-> 00:26:41,670
801 -because I understand how prices delivered period that the level experienced that
802 -is lacking in Twitter. There's a lot of people out there, I think that are
803 -
804 -162
805 -00:26:42,060 ~-~-> 00:26:49,170
806 -pretty decent individuals that are very worthwhile in terms of following and
807 -listening to some of the things they're doing. In fact, it's very interesting to
808 -
809 -163
810 -00:26:49,170 ~-~-> 00:27:01,020
811 -see what they're doing. But there isn't a lot of experience in the sense that
812 -they know what they're doing. They're still experiencing new learning. I'm not,
813 -
814 -164
815 -00:27:01,320 ~-~-> 00:27:09,600
816 -I'm not doing those types of things. And yes, it sounds egotistical, but this is
817 -what the experience sounds like, you know, when everyone else around you has
818 -
819 -165
820 -00:27:09,600 ~-~-> 00:27:18,810
821 -less experience. It's hard not to sound egotistical, because how else would I
822 -draw contrast to it? I'm superior because I've been doing it longer. That's the
823 -
824 -166
825 -00:27:18,810 ~-~-> 00:27:26,310
826 -only thing. It's not because I wear a different style of clothing or drive a
827 -better car or live in a better home. It's because I've been doing it longer.
828 -
829 -167
830 -00:27:26,340 ~-~-> 00:27:34,770
831 -That's all I'm trying to distinguish. Okay, so I would put more faith behind
832 -someone who has done something much longer than someone that has been right a
833 -
834 -168
835 -00:27:34,770 ~-~-> 00:27:45,180
836 -few times recently. And you really can't substantiate what they've said, based
837 -on what they actually do. Okay, so now just leave that for you to determine what
838 -
839 -169
840 -00:27:45,180 ~-~-> 00:27:58,050
841 -you want to see value in. But I drew everyone's attention to this low back here
842 -in video. Okay. Look at it, you'll see it's there. It's in. It's in YouTube. So
843 -
844 -170
845 -00:27:58,050 ~-~-> 00:27:58,800
846 -my YouTube channel.
847 -
848 -171
849 -00:27:58,890 ~-~-> 00:28:07,380
850 -Okay, so I drew everyone's attention to that level right there. That's where the
851 -orders are. What orders that's where everyone's protective cell stop is for the
852 -
853 -172
854 -00:28:07,380 ~-~-> 00:28:17,070
855 -hold on for dear lifers. Now, anyone that bought down here, what did they make?
856 -zip, because they just got knocked out down here, right there, they got to they
857 -
858 -173
859 -00:28:17,070 ~-~-> 00:28:25,020
860 -get taken out. So they may be on Twitter, preaching and hard and heavy
861 -cheerleading. So we're gonna pump out and retweet and everybody that's in love
862 -
863 -174
864 -00:28:25,020 ~-~-> 00:28:34,350
865 -with ripple, it's going to be the next thing it's going to, it's going to that
866 -it might be, but it's still going to take you out of the moves before that all
867 -
868 -175
869 -00:28:34,380 ~-~-> 00:28:42,570
870 -would take place. And that's what I'm trying to teach people to observe, you
871 -need to see those things. So what led to this move down to the level I called
872 -
873 -176
874 -00:28:42,570 ~-~-> 00:28:56,700
875 -for beforehand, $2 Mark, this run back to the three hour mark here. Okay? This
876 -is the same thing as this move here. Price is fractal. Everything you see in one
877 -
878 -177
879 -00:28:56,700 ~-~-> 00:29:06,240
880 -timeframe or one scale is replicated in another either in a larger capacity or a
881 -smaller capacity. That means if you see something that occurs in a five minute
882 -
883 -178
884 -00:29:06,240 ~-~-> 00:29:15,780
885 -chart, it has been added to it. The same thing can form on a 15 minute chart, a
886 -one hour chart, a three hour chart, a daily chart, a monthly chart, a yearly
887 -
888 -179
889 -00:29:15,780 ~-~-> 00:29:25,830
890 -chart, it's all fractal. So when you understand the mechanics of what you're
891 -looking for, not bull flags, because there's really nothing valid about a bull
892 -
893 -180
894 -00:29:25,830 ~-~-> 00:29:34,230
895 -flag. Okay? When you look at the interpretation of an ice breaker, there's
896 -something behind it then just simply saying it's a continuation pattern, which
897 -
898 -181
899 -00:29:34,230 ~-~-> 00:29:43,710
900 -it's not it's actually a reversal pattern. But the context behind a breaker
901 -pattern is this. You have to have an old high in any time price runs above the
902 -
903 -182
904 -00:29:43,710 ~-~-> 00:29:51,030
905 -old high if I'm already suspecting This is probably not going to continue. And
906 -why did I say let me let me go back I'm gonna kind of like fill in this gap and
907 -
908 -183
909 -00:29:51,480 ~-~-> 00:30:01,530
910 -proceed on as to what led to this drop off over here. What I see in price How
911 -did I know that $3 is a good idea to take any percent of the Long's off there.
912 -
913 -184
914 -00:30:01,770 ~-~-> 00:30:10,320
915 -And in 330, was there, okay, 330, I'm not going to give you a context of what
916 -330 was specifically. But in here, if you're in my mentorship, you'll end up
917 -
918 -185
919 -00:30:10,320 ~-~-> 00:30:16,170
920 -seeing charts that show you why that was there. But, and I had not put them up
921 -there. Some mentorship students, don't freak out, say, Well, I don't do that
922 -
923 -186
924 -00:30:16,170 ~-~-> 00:30:22,800
925 -chart, I'm going to give it to you, because it's already hit my level. So I'd go
926 -back to that and give you all the details in the dress at all. But the fact is,
927 -
928 -187
929 -00:30:22,800 ~-~-> 00:30:30,180
930 -I gave these levels and my interpretation of why it wasn't going higher,
931 -beforehand, okay, and I gave you the reasons why I told you the scenarios,
932 -
933 -188
934 -00:30:30,180 ~-~-> 00:30:41,790
935 -what's going to happen, it's going to come down, trade up to $3, and then trade
936 -down to two. That's what you got it right there. So what led to the idea that $3
937 -
938 -189
939 -00:30:41,790 ~-~-> 00:30:56,160
940 -and 330 was about it? Well, if you have volume, and I always usually take the
941 -volume off, one on my charts here. But if you have volume bars on here, you plot
942 -
943 -190
944 -00:30:56,160 ~-~-> 00:31:07,680
945 -that on your chart. Let me see if I can pull mine up again. Alright, so here we
946 -have the volume back on a chart. And I want you to take a look at how volume
947 -
948 -191
949 -00:31:08,580 ~-~-> 00:31:20,550
950 -precedes price. Okay, when I share levels, obviously, people have an issue with
951 -me, because I'm doing way better than they are. They will challenge and say I
952 -
953 -192
954 -00:31:20,550 ~-~-> 00:31:27,600
955 -give you a myriad of levels, and then want to come back later on and say I
956 -called this move, I called that move. No, actually, I only talk about the
957 -
958 -193
959 -00:31:27,600 ~-~-> 00:31:35,340
960 -specific moves I mentioned. And that's what I'm doing here today. But I give
961 -specific levels, because I want you as my student, assessing mentorship
962 -
963 -194
964 -00:31:35,340 ~-~-> 00:31:43,440
965 -students, because they have a greater understanding what's going on. They know
966 -what to look for around these levels. What constitutes a setup, just because I
967 -
968 -195
969 -00:31:43,440 ~-~-> 00:31:51,840
970 -have a level in mind doesn't mean there is going to be a trade there, I have to
971 -still wait for something to form. But the levels are there beforehand, to my
972 -
973 -196
974 -00:31:51,840 ~-~-> 00:32:00,450
975 -attention is focused at the time price is trading at it. So when trace price is
976 -trading at that $3 Mark, I want you to take a look at what's happened. At this
977 -
978 -197
979 -00:32:00,450 ~-~-> 00:32:09,960
980 -time, we've created a new high to the left, we go right back to this price point
981 -right here. Okay, so this this high, and now we have a new, higher high. At that
982 -
983 -198
984 -00:32:09,960 ~-~-> 00:32:18,780
985 -time, right here, this candle, we have a reference point on the volume in here.
986 -Now there's going to be all kinds of spikes, and there's gonna be variations of
987 -
988 -199
989 -00:32:18,780 ~-~-> 00:32:27,270
990 -all that stuff, okay, but I want you to really use this tool, okay, because I'm
991 -gonna give you something here that has given me a great deal of X ray vision, if
992 -
993 -200
994 -00:32:27,270 ~-~-> 00:32:35,730
995 -you will, around key levels already know what level should be key, but when I
996 -see volume, support it and you'll hear me talk about volume. Okay, only the
997 -
998 -201
999 -00:32:35,730 ~-~-> 00:32:43,230
1000 -folks that watch me do things with commodities. Ever seen me do anything with
1001 -volume, but volume precedes price? And what do I mean by that? We have a high
1002 -
1003 -202
1004 -00:32:43,230 ~-~-> 00:32:57,870
1005 -back here. Okay, a new high. So on this particular day, we have and when is that
1006 -the third of January? Okay, so in here, we
1007 -
1008 -203
1009 -00:32:58,920 ~-~-> 00:33:16,080
1010 -get these crosshairs on this high here, we have this volume bar right here. So
1011 -this volume bar, and then we have a new high here, Casey, that. So we have this
1012 -
1013 -204
1014 -00:33:16,080 ~-~-> 00:33:27,960
1015 -candle represent this volume. And then we have this new candle high. And we have
1016 -slightly higher volume there. Now watch what happens when you create a new high.
1017 -
1018 -205
1019 -00:33:28,860 ~-~-> 00:33:39,120
1020 -Over here. We have all this run up here. But now look what happens. The volume
1021 -is way down here. That's way lower than that. Does that indicate new buying? No,
1022 -
1023 -206
1024 -00:33:39,540 ~-~-> 00:33:51,300
1025 -absolutely not. What about the high appear? Look at that. Is that indicative of
1026 -new buying volume should be doing something like this should be going higher?
1027 -
1028 -207
1029 -00:33:51,960 ~-~-> 00:34:05,910
1030 -It's not to look at the overall scheme of what's going on. We see price action,
1031 -going higher, making higher highs. Okay. But in the interpretation of volume,
1032 -
1033 -208
1034 -00:34:06,480 ~-~-> 00:34:22,680
1035 -that should be seen with higher volume nodes. is that happening? No. This is
1036 -distribution. All of this running up is the Long's selling out of their
1037 -
1038 -209
1039 -00:34:22,680 ~-~-> 00:34:33,060
1040 -position. Not new buying. So when you look back over on Twitter, and you see all
1041 -these hot shots, they think they're smart. They're all gonna retire. They're not
1042 -
1043 -210
1044 -00:34:33,210 ~-~-> 00:34:40,200
1045 -looking at things like this because they don't know what they're doing. They
1046 -have no idea what they're doing. They're falling along with the herd mentality.
1047 -
1048 -211
1049 -00:34:40,470 ~-~-> 00:34:48,360
1050 -cheerleading it on hold on for dear life. We're all gonna laugh at everybody
1051 -else later on. Who's laughing now? That's my question of the day who's laughing
1052 -
1053 -212
1054 -00:34:48,360 ~-~-> 00:35:01,830
1055 -now? Because I'm telling you things that make sense because they exist. Not only
1056 -just because I see them today, but they've always been there. Mark makers have
1057 -
1058 -213
1059 -00:35:01,830 ~-~-> 00:35:12,420
1060 -levels in which they want to allow assets to trade to, not for your benefit, but
1061 -for the benefit of them, or clients that are in business with them banks, large
1062 -
1063 -214
1064 -00:35:12,420 ~-~-> 00:35:20,070
1065 -institutions. So when we trade around key levels, what makes it a key level,
1066 -there's several things that I teach around that. But it's not support
1067 -
1068 -215
1069 -00:35:20,070 ~-~-> 00:35:30,720
1070 -resistance. Because these levels were not even here, when I gave $3 and $3.30,
1071 -that has never been traded to buy ripple. But I gave you that specific level and
1072 -
1073 -216
1074 -00:35:30,720 ~-~-> 00:35:42,060
1075 -it was only off by a penny and a half a half a penny. That's tight. For an asset
1076 -class, I don't even trade I said that it wasn't going to go higher. And we have
1077 -
1078 -217
1079 -00:35:42,060 ~-~-> 00:35:50,970
1080 -a ICT bearish breaker in here, price trades up into that breaker where we have
1081 -this down closed candle. We have a bearish breaker in here. So this new high
1082 -
1083 -218
1084 -00:35:51,330 ~-~-> 00:35:59,280
1085 -that broke above and we get this across here sounds a little bit hard to see
1086 -that we have this high here. We have a new hot here trading right to the level I
1087 -
1088 -219
1089 -00:35:59,280 ~-~-> 00:36:08,880
1090 -call for three hours and 30 cents, when only 80% of the position would still be
1091 -on at that time. Why? Because volume has given me the indication that we're go
1092 -
1093 -220
1094 -00:36:08,880 ~-~-> 00:36:15,840
1095 -we're close to an area distribution. Okay. And then we see the technical
1096 -support, it will break down in market structure and then we trade back to the
1097 -
1098 -221
1099 -00:36:15,840 ~-~-> 00:36:24,330
1100 -breaker here and have one more deeper retracement, I said watch that $3. Mark.
1101 -Why because it's going to be a level of value, they want to get out of their
1102 -
1103 -222
1104 -00:36:24,330 ~-~-> 00:36:30,900
1105 -long position around $3. They're not going to take your long positions off down
1106 -here. They're going to drive it up and wait for it to hit $3. And then they can
1107 -
1108 -223
1109 -00:36:30,900 ~-~-> 00:36:38,760
1110 -get out of what they couldn't get out here on the first time. It's sold here,
1111 -they started selling and distributing their their profits here. They rally up,
1112 -
1113 -224
1114 -00:36:38,760 ~-~-> 00:36:46,620
1115 -they sold some more, came back down up to here, they sold some more here. They
1116 -left that level of value and then right back to $3. Again, they sold it and then
1117 -
1118 -225
1119 -00:36:46,620 ~-~-> 00:36:55,800
1120 -look what happens. The majority of the selling peaks place what's going on
1121 -there. any residual Long's that were riding all the way up here. They sold out
1122 -
1123 -226
1124 -00:36:55,800 ~-~-> 00:37:05,910
1125 -and added new shorts. Now new selling came in? What is how can you? How can you
1126 -see that? What what's the interpretation behind that? Well, let's go back to
1127 -
1128 -227
1129 -00:37:05,910 ~-~-> 00:37:13,230
1130 -volume. All right. Alright, so now we have that same premise. But now we're
1131 -going to switch our perspective. Okay. Now what we're going to do is run a
1132 -
1133 -228
1134 -00:37:13,230 ~-~-> 00:37:25,020
1135 -measure, again, anything that we're seeing going up, we're not looking for that
1136 -to be seen as buying. Otherwise, we would see volume increasing. As we see this
1137 -
1138 -229
1139 -00:37:25,020 ~-~-> 00:37:32,430
1140 -high here, it's been breached with this high here. So between these two
1141 -reference points, there should be a higher volume node. Let's go back over here.
1142 -
1143 -230
1144 -00:37:33,690 ~-~-> 00:37:43,350
1145 -crosshairs, we're gonna put it on this swing high here. So we have this nodule
1146 -right here, per volume. Okay, and then we're gonna look at this high here.
1147 -
1148 -231
1149 -00:37:44,670 ~-~-> 00:37:56,070
1150 -So from this candle, and this note on the volume, and this one. So we had a
1151 -higher volume here on this high, and then we had this higher high form with a
1152 -
1153 -232
1154 -00:37:56,070 ~-~-> 00:38:05,940
1155 -lower volume node. So it's not new buying that's going back up to that breaker
1156 -is just being repriced. That's all that is. So when that occurs, we know that
1157 -
1158 -233
1159 -00:38:05,940 ~-~-> 00:38:15,600
1160 -this is going to be a selling point, which I already gave you before volume even
1161 -showed it and before price ever traded there. Wow, it just hit you didn't it? I
1162 -
1163 -234
1164 -00:38:15,600 ~-~-> 00:38:23,610
1165 -can see ship before happens, folks, whether you like it or not learn to love it
1166 -because it's consistent. This is distribution and ICT parish breaker. Now how
1167 -
1168 -235
1169 -00:38:23,610 ~-~-> 00:38:31,410
1170 -can you measure that from this high as prices dropping, then and only then
1171 -should volume start to go higher each time it starts to move lower, we should
1172 -
1173 -236
1174 -00:38:31,410 ~-~-> 00:38:44,040
1175 -see higher volume nodes from this candle here. prices drop dropping, we took out
1176 -these loads here it should be done on high volume. These levels here, here's
1177 -
1178 -237
1179 -00:38:44,070 ~-~-> 00:38:48,990
1180 -volume. And we have price trading through it on this candle right there.
1181 -
1182 -238
1183 -00:38:49,499 ~-~-> 00:38:49,949
1184 -We got
1185 -
1186 -239
1187 -00:38:49,950 ~-~-> 00:39:04,140
1188 -it. Prices driving higher all the volume we went from low volume, the high
1189 -volume and bang. large volume node largest one. Now, this is not stopping volume
1190 -
1191 -240
1192 -00:39:04,140 ~-~-> 00:39:11,010
1193 -as the essay will teach now they'll teach it stuff like that. Okay, but that's
1194 -not what that is. It's not stopping shit. It's all it's doing is giving you an
1195 -
1196 -241
1197 -00:39:11,010 ~-~-> 00:39:18,690
1198 -indication it's going to go lower again, we're going to go to level I call for
1199 -where this liquidity is right below this low. So yes, we went back up and we
1200 -
1201 -242
1202 -00:39:18,690 ~-~-> 00:39:27,900
1203 -consolidate but what do we do what we what were we actually doing in here? Let's
1204 -go back. Okay, so let's go over here and get the crosshairs off. We have this
1205 -
1206 -243
1207 -00:39:27,900 ~-~-> 00:39:38,490
1208 -low here. And we went back up into a range what range are we looking at? We have
1209 -another breaker this big down closed candle is the ICT bearish breaker for this
1210 -
1211 -244
1212 -00:39:38,490 ~-~-> 00:39:49,620
1213 -run on this swing high. So this run on the stops our eyes go right to here.
1214 -Okay, so now we're gonna do that same thing we did earlier drawing a box which
1215 -
1216 -245
1217 -00:39:49,620 ~-~-> 00:39:58,950
1218 -looks like everyone else supplying the moon, but it's not supplying the man.
1219 -This is technicals from an institutional perspective reading the market from how
1220 -
1221 -246
1222 -00:40:01,230 ~-~-> 00:40:09,390
1223 -liquidity as seen, okay, I'm trying to be very careful how I say these things
1224 -because I don't want to divulge any mentorship stuff, but we have a bearish ice
1225 -
1226 -247
1227 -00:40:09,390 ~-~-> 00:40:22,380
1228 -breaker. Price trades up into it. So, so look where it stops it stopping at the
1229 -top of that candle. Okay, and then boom hits what level 22 or 2.8 level? Okay,
1230 -
1231 -248
1232 -00:40:22,620 ~-~-> 00:40:35,160
1233 -so we have that at phenomenon taking place, which I like hits it, and then we
1234 -leave it come back up. mitigation sells off. Where's it go to to our mark?
1235 -
1236 -249
1237 -00:40:35,640 ~-~-> 00:40:43,800
1238 -Everything I say what's going to happen? And look what it does it goes there.
1239 -Where's all this volume? where's this going coming from? That's everybody stops
1240 -
1241 -250
1242 -00:40:43,800 ~-~-> 00:40:53,700
1243 -resting right below there that was not just knocked out. Folks, this was told to
1244 -you before it happened. It was told you in nauseum in terms of detail why it was
1245 -
1246 -251
1247 -00:40:53,700 ~-~-> 00:41:01,770
1248 -going to happen. It's there. So listen to the bullshit if you want, you know,
1249 -the guy never gives any trades in advance. He never talks about things before it
1250 -
1251 -252
1252 -00:41:01,770 ~-~-> 00:41:10,410
1253 -happens. yada yada yada. The shit I'm talking about happens to script. Okay, I
1254 -don't see anybody else doing this stuff. Okay, I can tell you what the markets
1255 -
1256 -253
1257 -00:41:10,410 ~-~-> 00:41:17,790
1258 -going to do, not just in the next move. But what it's going to do as a scenario.
1259 -What's going to take the stops out what's going to draw new liquidity in, put
1260 -
1261 -254
1262 -00:41:17,790 ~-~-> 00:41:28,320
1263 -people on the wrong side. Come on how many times you have to see this stuff
1264 -before you dismiss any other any other outside influence. Seriously, I'm here.
1265 -
1266 -255
1267 -00:41:28,470 ~-~-> 00:41:38,940
1268 -It didn't cost you anything for me at the time to listen. But it's exactly what
1269 -I said what's going to happen to many of you are so hopped up on the hot hand
1270 -
1271 -256
1272 -00:41:38,940 ~-~-> 00:41:46,980
1273 -right now, I'm telling you, I don't have a hot hand, I have a steady hand. Okay,
1274 -I don't want to be hot once in a while. I want to be steady Eddie, I want to be
1275 -
1276 -257
1277 -00:41:46,980 ~-~-> 00:41:54,210
1278 -the guy that knows what's going to happen most likely, and I only want to
1279 -execute them. And that's it. We see here over and over and over again. In an
1280 -
1281 -258
1282 -00:41:54,210 ~-~-> 00:42:03,180
1283 -asset class I don't even trade with live money with this is stuff that I'm just
1284 -studying just like everyone else is okay. But I'm not out here cheerleading and
1285 -
1286 -259
1287 -00:42:03,180 ~-~-> 00:42:11,340
1288 -saying ripples going to the moon ripples going to $5 I'm going to cash out
1289 -everything. That's not what I'm doing, folks. I'm telling you what's going on
1290 -
1291 -260
1292 -00:42:11,340 ~-~-> 00:42:22,410
1293 -behind the scenes, why it's going to happen. And it's there. It's not a guess.
1294 -It's not gambling. Here's the science behind what I said and why it took place.
1295 -
1296 -261
1297 -00:42:22,950 ~-~-> 00:42:30,690
1298 -Go back and look at it. It's there. It's documented. I didn't have 15 different
1299 -things that could happen. I can go back later on. I gave very specific
1300 -
1301 -262
1302 -00:42:30,690 ~-~-> 00:42:43,470
1303 -scenarios. Exactly why should take place. And it happened. And it does this all
1304 -the time, every single week. This is what happens on a forex setup where we know
1305 -
1306 -263
1307 -00:42:43,470 ~-~-> 00:42:49,860
1308 -that certain parameters are there, certain things are going to take place and we
1309 -stock that all I did was it gave me what I would have done if this was a forex
1310 -
1311 -264
1312 -00:42:49,860 ~-~-> 00:42:51,660
1313 -pair. That's
1314 -
1315 -265
1316 -00:42:51,900 ~-~-> 00:42:52,680
1317 -how it works.
1318 -
1319 -266
1320 -00:42:53,070 ~-~-> 00:43:01,710
1321 -So speaking of forex, let's go over to forex. I'm gonna talk about something I
1322 -did on non farm payroll. Alright, so here's that demo account. Again, always,
1323 -
1324 -267
1325 -00:43:01,710 ~-~-> 00:43:09,420
1326 -every time I show this, make sure you keep track of that number up here, because
1327 -that number is not going to change. Okay, I'm going to show you accountability.
1328 -
1329 -268
1330 -00:43:09,840 ~-~-> 00:43:18,510
1331 -The thing that's lacking I'm not using half a dozen demo accounts, I'm going to
1332 -use one that we can see what we can do with just one and using proper risk
1333 -
1334 -269
1335 -00:43:18,510 ~-~-> 00:43:29,850
1336 -management and money management approaches. So let's go over I'm gonna show you
1337 -a video I did last Friday, and I look at the time. Okay, this is recorded and
1338 -
1339 -270
1340 -00:43:29,880 ~-~-> 00:43:38,490
1341 -made beforehand, but it didn't trade to the level I called for in the video, but
1342 -it did today. Right so you can see the time and the date when this was made.
1343 -
1344 -271
1345 -00:43:38,970 ~-~-> 00:43:45,840
1346 -This is all new york time. Okay. And the reason why I didn't post it because I
1347 -wanted to see if we could get down to it today. It doesn't make a difference.
1348 -
1349 -272
1350 -00:43:45,840 ~-~-> 00:43:53,640
1351 -And you'll see why it wasn't really shared. Because the part about the
1352 -eurodollar was already shared on social media through Twitter. But I want to
1353 -
1354 -273
1355 -00:43:53,640 ~-~-> 00:44:03,060
1356 -show you what was not seen from the cable standpoint and what we ended up seeing
1357 -as a later result. So I'm going to go to this video here. I'll just play it.
1358 -
1359 -274
1360 -00:44:11,370 ~-~-> 00:44:18,540
1361 -Again this not to show the disclaimers, folks, I apologize for that. But it is
1362 -what it is.
1363 -
1364 -275
1365 -00:44:49,980 ~-~-> 00:45:02,190
1366 -to notice that I'm doing this On Friday
1367 -
1368 -276
1369 -00:45:16,770 ~-~-> 00:45:21,330
1370 -and this isn't that this is how I practice non farm payroll.
1371 -
1372 -277
1373 -00:46:41,760 ~-~-> 00:46:54,240
1374 -Now watch out price starts to run higher. Okay.
1375 -
1376 -278
1377 -00:47:07,830 ~-~-> 00:47:19,680
1378 -So I'm going to frame two potential scenarios for you here. Either one would
1379 -have been fine, but it's not fine payable, so it's practice only.
1380 -
1381 -279
1382 -00:47:27,960 ~-~-> 00:47:34,080
1383 -So measuring the PIP spread between entry to 30 pips above that would be
1384 -
1385 -280
1386 -00:47:50,550 ~-~-> 00:47:52,770
1387 -this is the one we shared on public on Twitter.
1388 -
1389 -281
1390 -00:48:03,810 ~-~-> 00:48:07,320
1391 -You want to look at Twitter and I shared that chart as well.
1392 -
1393 -282
1394 -00:48:43,469 ~-~-> 00:48:47,219
1395 -That's what we're seeing here. So I'm going to outline a short
1396 -
1397 -283
1398 -00:49:00,390 ~-~-> 00:49:12,180
1399 -so there's two scenarios or setups here. One was the bearish order block with a
1400 -stop at 3599. And now I'm going to show you turtle soup which is the run above
1401 -
1402 -284
1403 -00:49:12,180 ~-~-> 00:49:18,840
1404 -the initial highlight day, which is the characteristic of non farm payroll. Run
1405 -the stops.
1406 -
1407 -285
1408 -00:49:24,570 ~-~-> 00:49:30,360
1409 -To have to wait for price get back above that initial high Tring, preferably
1410 -above 3580.
1411 -
1412 -286
1413 -00:49:37,949 ~-~-> 00:49:44,939
1414 -Again, notice the time down in the lower right hand corner when this is
1415 -occurring. It's just a few minutes shortly after non farm payroll numbers have
1416 -
1417 -287
1418 -00:49:44,939 ~-~-> 00:49:45,659
1419 -been released.
1420 -
1421 -288
1422 -00:50:10,260 ~-~-> 00:50:18,270
1423 -Public numbers as a smokescreen to run out liquidity, and referring to
1424 -employment numbers there.
1425 -
1426 -289
1427 -00:50:25,290 ~-~-> 00:50:35,910
1428 -Now middlee, I guess you're here. I thought that we could get that 3520 level
1429 -last Friday, but you'll see how I managed that. It didn't happen that day. But
1430 -
1431 -290
1432 -00:50:35,910 ~-~-> 00:50:45,480
1433 -we did get it eventually today, as on Monday, the eighth of January to number
1434 -about the initial highlight day. So watch what I start outlining in here. The
1435 -
1436 -291
1437 -00:50:45,480 ~-~-> 00:50:55,230
1438 -tricky one, the institutional 3580 level. So I'll map out my perspective on what
1439 -I think might be seen in price as a result of this
1440 -
1441 -292
1442 -00:51:20,010 ~-~-> 00:51:23,430
1443 -in prices above the initial tie today,
1444 -
1445 -293
1446 -00:51:32,429 ~-~-> 00:51:43,289
1447 -basic evidence, which tells me that we might maybe punch a little bit higher,
1448 -but it's going to be limited in scope. So it isn't going to be like a run to 36
1449 -
1450 -294
1451 -00:51:43,289 ~-~-> 00:52:18,239
1452 -big figure. So I want to be selling above that initial high today and No, I'll
1453 -be really close to the Hi Mike right about now. Which also
1454 -
1455 -295
1456 -00:52:24,179 ~-~-> 00:52:25,169
1457 -notice that the idea
1458 -
1459 -296
1460 -00:52:48,239 ~-~-> 00:52:52,679
1461 -that's where the stop is for the bearish order block. Now I'm going to give you
1462 -a setup for turtle soup
1463 -
1464 -297
1465 -00:52:58,650 ~-~-> 00:53:00,870
1466 -836 Friday, January 5.
1467 -
1468 -298
1469 -00:53:07,860 ~-~-> 00:53:27,030
1470 -If it were like it was not included, please be sure. Okay. Now watch how much
1471 -price moves against this idea or outline.
1472 -
1473 -299
1474 -00:53:37,650 ~-~-> 00:53:42,480
1475 -The high on that candle is 3582. Once
1476 -
1477 -300
1478 -00:53:48,989 ~-~-> 00:53:51,329
1479 -again, highs 3582 right now.
1480 -
1481 -301
1482 -00:54:18,570 ~-~-> 00:54:26,670
1483 -That's a joke Kevin hooks and
1484 -
1485 -302
1486 -00:54:33,660 ~-~-> 00:55:14,640
1487 -typically on the sidelines so Tuesday Once again
1488 -
1489 -303
1490 -00:56:23,130 ~-~-> 00:56:24,360
1491 -pay attention to this
1492 -
1493 -304
1494 -00:56:45,540 ~-~-> 00:56:54,900
1495 -so with that said I would like to take profits at that level admin at that
1496 -equilibrium price point. As you'll see later on as I make reference to that
1497 -
1498 -305
1499 -00:57:00,570 ~-~-> 00:57:12,420
1500 -now eventually I would be speeding this recording up as you'll see. Got to start
1501 -it used for the bears were black will be the same with the turtle soup here.
1502 -
1503 -306
1504 -00:57:12,690 ~-~-> 00:57:18,480
1505 -3599. Very, very tight stops
1506 -
1507 -307
1508 -00:57:43,830 ~-~-> 00:59:39,870
1509 -up. Okay, we're coming up close to time I'll start recording this at a higher
1510 -rate of speed.
1511 -
1512 -308
1513 -01:00:04,440 ~-~-> 01:00:08,700
1514 -So that way you guys know what I'm doing.
1515 -
1516 -309
1517 -01:00:39,540 ~-~-> 01:00:48,960
1518 -Alright, it should be going a little bit faster now. So while I said at the time
1519 -when I was recording on Friday, or that night hasn't started yet, it should in a
1520 -
1521 -310
1522 -01:00:48,960 ~-~-> 01:00:59,940
1523 -minute or two, I'm actually going to dub over that now with commentary that
1524 -would otherwise not be there because it's not being recorded. It's being sped
1525 -
1526 -311
1527 -01:00:59,940 ~-~-> 01:01:13,620
1528 -up. Like now. Now we're going like 5000 times greater speed. Okay, so at the
1529 -time I gave that entry at that red level, okay, trading around that 3580 level
1530 -
1531 -312
1532 -01:01:13,620 ~-~-> 01:01:24,810
1533 -institutional level, I want you to see how much of a heat is put on this
1534 -position. Okay, and also watch how many times we get a reaction off of that
1535 -
1536 -313
1537 -01:01:24,810 ~-~-> 01:01:38,370
1538 -bearish order block, which is the lower level line right in here. Okay. So this
1539 -wants that. So we have a run down. And I'm going to come in and give commentary
1540 -
1541 -314
1542 -01:01:38,370 ~-~-> 01:01:47,250
1543 -about taking profits there. Because I mentioned the idea of equilibrium. It
1544 -could be a consolidation day gives us Friday's non farm payroll, we ran out to
1545 -
1546 -315
1547 -01:01:47,250 ~-~-> 01:01:57,360
1548 -buy stops, so it may ultimately reach for that low, but it may not do it Friday.
1549 -So I want to come back in and give insights and why and taking profits.
1550 -
1551 -316
1552 -01:02:13,410 ~-~-> 01:02:21,810
1553 -This is a paper trade is not live. And this is all practices is what I do with
1554 -non farm payroll Fridays.
1555 -
1556 -317
1557 -01:02:31,020 ~-~-> 01:02:35,490
1558 -It'll be 30 pips will be pocketed, says he experienced.
1559 -
1560 -318
1561 -01:02:48,510 ~-~-> 01:02:51,240
1562 -Which is also another reason why I would like to take profits there.
1563 -
1564 -319
1565 -01:03:39,000 ~-~-> 01:03:53,790
1566 -No pay attention. That part just said to the spacing mentioned was because the
1567 -probabilities are so high that will go consolidate or sideways, I may not see
1568 -
1569 -320
1570 -01:03:53,790 ~-~-> 01:04:03,720
1571 -that 3520 level hits. So I want to take the bulk of 75% 80% of the short
1572 -position on today's outline, here's a paper trade, it's beneficial to take a big
1573 -
1574 -321
1575 -01:04:03,720 ~-~-> 01:04:12,450
1576 -large portion off at equilibrium of the daily range because it may not go
1577 -outside of the range is already defined at this time. So having that mindset,
1578 -
1579 -322
1580 -01:04:12,750 ~-~-> 01:04:22,440
1581 -okay, the market makers made keep it so narrow once they run the stops to hold
1582 -over into the new week. And I may be entirely wrong, it could go screaming above
1583 -
1584 -323
1585 -01:04:22,440 ~-~-> 01:04:29,670
1586 -136 big figure which would stop me out anyway. Or eventually trade down below
1587 -that 135 20 level did knock out those stops.
1588 -
1589 -324
1590 -01:04:39,600 ~-~-> 01:04:47,700
1591 -Ultimately, what you'll end up seeing is the market comes back up to that
1592 -bearish order block and does eventually trade a little bit higher which would
1593 -
1594 -325
1595 -01:04:47,700 ~-~-> 01:05:00,450
1596 -have either stopped me out or as you'll see in the video, it comes to 11 o'clock
1597 -in the morning, New York time, which is the London close kills and where it's In
1598 -
1599 -326
1600 -01:05:00,450 ~-~-> 01:05:10,500
1601 -a trade, I want to be collapsing any open positions as a day trade and move to
1602 -the sidelines. So just watch that in the lower right hand corner. We're at
1603 -
1604 -327
1605 -01:05:10,500 ~-~-> 01:05:22,620
1606 -10:30am at the time on Friday of last week, non farm payroll. And you can see
1607 -that the markets really showing no willingness to want to go lower, having all
1608 -
1609 -328
1610 -01:05:22,620 ~-~-> 01:05:31,950
1611 -characteristics lending well to consolidation, or it could just gravitate
1612 -towards my stop. So I'm watching it's a couple minutes before 11 o'clock in the
1613 -
1614 -329
1615 -01:05:31,950 ~-~-> 01:05:41,730
1616 -morning, again, I would be in a position where 80% 75 to 8575 to 80% of my
1617 -position would have been banked. But because it's a paper trade on I'm only
1618 -
1619 -330
1620 -01:05:41,730 ~-~-> 01:05:47,850
1621 -outlining it in that sense. But here we are, we're getting an idea of the
1622 -commentary about taking the position Off
1623 -
1624 -331
1625 -01:06:13,530 ~-~-> 01:06:27,000
1626 -you go that would have been another 18 pips there. So the bounce with 20 to 25%
1627 -remaining would have seen the about 18 pips gain and the first 80 to 75% saw 30
1628 -
1629 -332
1630 -01:06:27,000 ~-~-> 01:06:39,810
1631 -pips and ultimately can see with time it goes back up to a point at which events
1632 -you either would have stopped me or shown me no profitability so that's why use
1633 -
1634 -333
1635 -01:06:39,810 ~-~-> 01:06:52,380
1636 -kill zones ICT kill zones their time references to not kill zones and areas on
1637 -price the again you can see that the Hallmark is that it mark to market really
1638 -
1639 -334
1640 -01:06:52,380 ~-~-> 01:07:01,980
1641 -didn't do much at all it just consolidate when sideways. Now I want to take you
1642 -back over to forex because I want to show you what transpired as a result of
1643 -
1644 -335
1645 -01:07:01,980 ~-~-> 01:07:14,460
1646 -that euro dollar we outlined here's that run above the equal highs though daily
1647 -high it runs for the liquidity not the daily high it's it sells off now. Think
1648 -
1649 -336
1650 -01:07:14,940 ~-~-> 01:07:24,930
1651 -what did I just outline in the beginning this video with the cryptocurrencies
1652 -bearish ICT breakers? Isn't that what's actually occurring here? It's breaking
1653 -
1654 -337
1655 -01:07:25,020 ~-~-> 01:07:34,530
1656 -the short holders with their protective stops right above this retail Candyland
1657 -equal highs they are so telling in the marketplace. It's so obvious you can't
1658 -
1659 -338
1660 -01:07:34,530 ~-~-> 01:07:47,220
1661 -hide it. So what we do is just run above there's equal highs, or I goes right to
1662 -the down close candles. Oh, what is that? Right in here? Let's zoom in. tell you
1663 -
1664 -339
1665 -01:07:47,220 ~-~-> 01:08:06,330
1666 -I wish I was this fluid with trading view like a noob. Alright, right there. So
1667 -here we have the down close candles right before the run up. So this is an ICT
1668 -
1669 -340
1670 -01:08:06,330 ~-~-> 01:08:14,730
1671 -bearish breaker and how we use that as we wait for price to trade down below,
1672 -which it does right here on this candle, wait for to trade back up to it and
1673 -
1674 -341
1675 -01:08:14,730 ~-~-> 01:08:21,300
1676 -start watching to see if there's distribution when price comes right back up to
1677 -the bottom of it. It's it starts us off a little bit. But the overall context
1678 -
1679 -342
1680 -01:08:21,300 ~-~-> 01:08:29,490
1681 -has not changed. Where is the market most likely going to reach for it? Well,
1682 -what do you see on the left hand on this chart? The opposite of this right here.
1683 -
1684 -343
1685 -01:08:30,270 ~-~-> 01:08:41,850
1686 -Okay. And that's the 120 level. Now, it could go to that level. But right above
1687 -120 would be what 120 20. So the institutional level I would be aiming for would
1688 -
1689 -344
1690 -01:08:41,850 ~-~-> 01:08:49,080
1691 -be 120 20, which is right in here, which is what I was aiming for at the non
1692 -farm payroll, you hear that in the video. And right there I tweeted the chart,
1693 -
1694 -345
1695 -01:08:49,770 ~-~-> 01:08:58,710
1696 -as it happened as it slammed right into 2020. As I always do like a sniper, I'm
1697 -hitting it as I see the levels I call for when it hits it, I'm screencasting at
1698 -
1699 -346
1700 -01:08:58,710 ~-~-> 01:09:05,040
1701 -the very moment it does it and immediately tweeting it, I'm not doing it five
1702 -hours later, I'm not doing it 60 minutes later where it can be doctored up,
1703 -
1704 -347
1705 -01:09:05,370 ~-~-> 01:09:13,890
1706 -everything is done at the moment where no time can be used to manipulate
1707 -Photoshop or none of those things. Okay, everything is exactly as it happens
1708 -
1709 -348
1710 -01:09:13,890 ~-~-> 01:09:25,200
1711 -when it happens. Once it hits that 120 20 level, we get the run back up into the
1712 -bearish breaker here. Then we have the weekend. We have Sunday's opening and we
1713 -
1714 -349
1715 -01:09:25,200 ~-~-> 01:09:33,600
1716 -have a gap. So it comes back up, fills in the gap runs the buy stuffs that would
1717 -be on any short holders. Hello. If they're short, where's their stock gonna be
1718 -
1719 -350
1720 -01:09:33,600 ~-~-> 01:09:43,050
1721 -right here? That's what you see right here. Bang it hits it inside the breaker.
1722 -What's it Dylan it's gonna sell off. There you go. And ultimately, that's where
1723 -
1724 -351
1725 -01:09:43,050 ~-~-> 01:09:54,630
1726 -we're at. So it runs all these equal lows down here and even runs your liquidity
1727 -resting rate below this low as well. Okay. So, again, I said that if you see not
1728 -
1729 -352
1730 -01:09:54,660 ~-~-> 01:10:02,520
1731 -on payroll Friday, runs an area like this. What it does is it maintains acts
1732 -like a Judas swing for the month. It'll give you the initial run here and give
1733 -
1734 -353
1735 -01:10:02,520 ~-~-> 01:10:11,460
1736 -you a nice little price swing, go the other direction and here you go. You got
1737 -an opportunity to see approximately 100 pips or so. So a little bit more than
1738 -
1739 -354
1740 -01:10:11,460 ~-~-> 01:10:21,330
1741 -100 pips all outlined before the fact so you seen it. Now try to dismiss it.
1742 -Hopefully you found this video insightful and entertaining or at the very least,
1743 -
1744 -355
1745 -01:10:21,840 ~-~-> 01:10:26,010
1746 -enough to piss you off. And until next time, I wish you good luck and good