Skip to Content
Version 1.1 by Drunk Monkey on 2020-11-20 17:04
Show last authors
1 1
2 00:00:16,079 ~-~-> 00:00:17,309
3 ICT: Hell do, folks.
4
5 2
6 00:00:18,269 ~-~-> 00:00:20,159
7 All right, so we're looking at the euro dollar. I gave you
8
9 3
10 00:00:20,159 ~-~-> 00:00:25,139
11 guys a trade example yesterday managing it through trading
12
13 4
14 00:00:25,139 ~-~-> 00:00:30,449
15 views. paper trading application right down here. Alright,
16
17 5
18 00:00:30,449 ~-~-> 00:00:34,829
19 so for some of you that are new, the question is going to
20
21 6
22 00:00:34,829 ~-~-> 00:00:38,909
23 be, well, if you're teaching why teaching with paper trades
24
25 7
26 00:00:38,999 ~-~-> 00:00:41,849
27 well, because in the United States, I'm not licensed to get
28
29 8
30 00:00:41,849 ~-~-> 00:00:45,119
31 trade advice. So that's what we're doing here. We're giving
32
33 9
34 00:00:45,119 ~-~-> 00:00:49,109
35 out paper trade hypothetical examples and proving that I can
36
37 10
38 00:00:49,109 ~-~-> 00:00:52,529
39 see prices before it moves. Alright. One of the things I
40
41 11
42 00:00:52,529 ~-~-> 00:00:55,349
43 want you to consider before we get into this video and I'll
44
45 12
46 00:00:55,349 ~-~-> 00:00:57,869
47 try to keep it very, very short, I promise it will be a
48
49 13
50 00:00:57,869 ~-~-> 00:01:01,889
51 brief one but I have a lot of people that try to send
52
53 14
54 00:01:01,889 ~-~-> 00:01:05,849
55 comments to me and my comments are filtered. Because a lot
56
57 15
58 00:01:05,849 ~-~-> 00:01:10,139
59 of crap that comes, by my way, so I try to keep that to a
60
61 16
62 00:01:10,139 ~-~-> 00:01:13,949
63 minimum. But the number one complaint is I talk too much. So
64
65 17
66 00:01:13,949 ~-~-> 00:01:18,329
67 I'm going to try to give you great concise videos where
68
69 18
70 00:01:18,569 ~-~-> 00:01:21,629
71 you're gonna see the difference between not talking about
72
73 19
74 00:01:21,659 ~-~-> 00:01:25,619
75 the real reasons what's going on, and how you work towards
76
77 20
78 00:01:25,619 ~-~-> 00:01:28,319
79 developing as a consistent trader, which is what you get in
80
81 21
82 00:01:28,319 ~-~-> 00:01:31,499
83 my tutorial videos on this YouTube channel. Versus me just
84
85 22
86 00:01:31,499 ~-~-> 00:01:34,439
87 saying, okay, here's me doing it. And here's me saying, This
88
89 23
90 00:01:34,439 ~-~-> 00:01:36,629
91 is what happened. And that's it. And you're going to see
92
93 24
94 00:01:36,629 ~-~-> 00:01:38,939
95 that there's a distinct difference between that and really
96
97 25
98 00:01:38,939 ~-~-> 00:01:41,489
99 learning. There's someone that has experienced like myself,
100
101 26
102 00:01:41,519 ~-~-> 00:01:46,169
103 so. Alright, anyway, have you heard this before? You see
104
105 27
106 00:01:46,169 ~-~-> 00:01:49,739
107 this a lot on YouTube. I'm going to show you this trade that
108
109 28
110 00:01:49,739 ~-~-> 00:01:54,149
111 I took, but I'm going to use the replay button because just
112
113 29
114 00:01:54,149 ~-~-> 00:02:00,989
115 work with me just doesn't feel right does it and This is a
116
117 30
118 00:02:00,989 ~-~-> 00:02:04,229
119 trade I took. And they don't have anything like this on the
120
121 31
122 00:02:04,229 ~-~-> 00:02:07,589
123 chart. They don't show any kind of trade history, none.
124
125 32
126 00:02:08,309 ~-~-> 00:02:11,309
127 Okay, they have no proof that they can manage a trade or an
128
129 33
130 00:02:11,309 ~-~-> 00:02:15,539
131 idea. That's what's going on right now on YouTube. And it's
132
133 34
134 00:02:15,569 ~-~-> 00:02:21,299
135 ramp it. They all talk about fair value gaps, breakers,
136
137 35
138 00:02:21,329 ~-~-> 00:02:23,939
139 bullish order blocks, bearish order blocks, mitigation
140
141 36
142 00:02:23,939 ~-~-> 00:02:28,019
143 blocks, and they're all mislabeled. cb busy. These are all
144
145 37
146 00:02:28,019 ~-~-> 00:02:30,539
147 mine terms. These are all things that I understand how to
148
149 38
150 00:02:30,539 ~-~-> 00:02:34,319
151 use, clearly. And I'm giving you examples of it here. And
152
153 39
154 00:02:34,319 ~-~-> 00:02:36,959
155 I'm gonna try to give you an example once a week. That way
156
157 40
158 00:02:36,959 ~-~-> 00:02:41,669
159 you guys can see, number one, it's not a facade. It's not a
160
161 41
162 00:02:41,669 ~-~-> 00:02:46,619
163 rented empty for server. Okay? I'm only teaching even when
164
165 42
166 00:02:46,619 ~-~-> 00:02:50,969
167 my mentorship through tradingview and I don't use the replay
168
169 43
170 00:02:50,969 ~-~-> 00:02:53,519
171 button up here. You guys can watch the video I did
172
173 44
174 00:02:53,519 ~-~-> 00:02:57,209
175 yesterday, managing this tire position here. Okay, I had a
176
177 45
178 00:02:57,209 ~-~-> 00:03:00,839
179 guy send me an email saying I'm adding arrows. To the chart.
180
181 46
182 00:03:01,619 ~-~-> 00:03:04,679
183 So okay, well, I'll just do another trade. And you can see
184
185 47
186 00:03:04,679 ~-~-> 00:03:07,049
187 it, I'll manage it the entire day. And that's what I did
188
189 48
190 00:03:07,049 ~-~-> 00:03:11,789
191 yesterday. So everything all the way down to the actual
192
193 49
194 00:03:11,789 ~-~-> 00:03:16,289
195 getting stopped out here on the final balance. And I want to
196
197 50
198 00:03:16,319 ~-~-> 00:03:22,169
199 kind of go over in short fashion, why it's important to have
200
201 51
202 00:03:22,169 ~-~-> 00:03:26,009
203 someone that can do it and prove they can do it, not just
204
205 52
206 00:03:26,009 ~-~-> 00:03:29,429
207 once in a while, but consistently. And this is the kind of
208
209 53
210 00:03:29,429 ~-~-> 00:03:34,559
211 stuff I do every single week. And for the large part, it's
212
213 54
214 00:03:34,619 ~-~-> 00:03:38,249
215 been unseen by YouTube. I mean, I've done some examples last
216
217 55
218 00:03:38,249 ~-~-> 00:03:43,019
219 year took a small cat ran out really big. And that's fine at
220
221 56
222 00:03:43,019 ~-~-> 00:03:47,279
223 all. But I want you to appreciate seeing what it's like
224
225 57
226 00:03:47,819 ~-~-> 00:03:52,349
227 following the progress of what would be reasonable in terms
228
229 58
230 00:03:52,349 ~-~-> 00:03:54,449
231 of expectations. Now, I'm not saying that you should be
232
233 59
234 00:03:54,689 ~-~-> 00:03:59,489
235 starting as a trader trading with $750,000 in leverage with
236
237 60
238 00:03:59,489 ~-~-> 00:04:02,459
239 a short Okay, I'm not, I'm not saying that you should be
240
241 61
242 00:04:02,459 ~-~-> 00:04:06,179
243 doing that. But what I'm showing you is how you as a
244
245 62
246 00:04:06,179 ~-~-> 00:04:10,409
247 developing trader should learn to take profits, and pay
248
249 63
250 00:04:10,409 ~-~-> 00:04:16,259
251 yourself along the way. I can take that trade here and hold
252
253 64
254 00:04:16,259 ~-~-> 00:04:19,379
255 for the entire run down here and get out, I can do that. But
256
257 65
258 00:04:19,439 ~-~-> 00:04:25,919
259 when I show examples, I want you to learn from the visual
260
261 66
262 00:04:26,759 ~-~-> 00:04:29,519
263 approach to me doing it. That way you can see it's
264
265 67
266 00:04:29,519 ~-~-> 00:04:32,639
267 beneficial to do so you as a developing trader aren't going
268
269 68
270 00:04:32,639 ~-~-> 00:04:35,339
271 to know if this is a good entry point to hold to get out
272
273 69
274 00:04:35,369 ~-~-> 00:04:39,539
275 below here. That's unreasonable. So while you grow in your
276
277 70
278 00:04:39,539 ~-~-> 00:04:42,029
279 understanding, you want to take partial profits along the
280
281 71
282 00:04:42,029 ~-~-> 00:04:45,239
283 way, and then when it does get to your objective, then it
284
285 72
286 00:04:45,239 ~-~-> 00:04:48,509
287 feels much better because you've managed the risk. You've
288
289 73
290 00:04:48,509 ~-~-> 00:04:52,319
291 managed the uncertainty and the psychological warfare that's
292
293 74
294 00:04:52,319 ~-~-> 00:04:55,169
295 going on the entire time you're in the trade. So I just
296
297 75
298 00:04:55,169 ~-~-> 00:04:57,179
299 tossed that in there as the only jawboning you're gonna get.
300
301 76
302 00:04:58,139 ~-~-> 00:05:00,449
303 Alright, so what actually took place yesterday Put the
304
305 77
306 00:05:00,449 ~-~-> 00:05:04,709
307 annotations on the chart. What was going on in my mind was
308
309 78
310 00:05:04,739 ~-~-> 00:05:06,569
311 we had a market run up,
312
313 79
314 00:05:07,139 ~-~-> 00:05:10,829
315 initially up to the big figure 118. So 118, two traded
316
317 80
318 00:05:10,829 ~-~-> 00:05:14,579
319 through at once, twice, three times, and then broke down,
320
321 81
322 00:05:14,909 ~-~-> 00:05:18,749
323 clearing this short term low here, when it broke down below
324
325 82
326 00:05:18,749 ~-~-> 00:05:21,569
327 that it started consolidating sideways. And then when we
328
329 83
330 00:05:21,569 ~-~-> 00:05:24,659
331 entered the London close after running the big figure, which
332
333 84
334 00:05:24,659 ~-~-> 00:05:27,689
335 is something I teach actually on this YouTube channel, so if
336
337 85
338 00:05:27,689 ~-~-> 00:05:30,899
339 you go and search through my videos, trading the big figure,
340
341 86
342 00:05:31,229 ~-~-> 00:05:33,479
343 or trading figures or something like that, I can't exactly
344
345 87
346 00:05:33,479 ~-~-> 00:05:37,889
347 what the title was. But the video goes over with some of the
348
349 88
350 00:05:38,309 ~-~-> 00:05:41,699
351 details that you can figure it out of the price action here.
352
353 89
354 00:05:42,329 ~-~-> 00:05:45,209
355 But this high to this low, you get an optimal trade entry in
356
357 90
358 00:05:45,209 ~-~-> 00:05:49,829
359 here and trades up into it again here. And all I did was
360
361 91
362 00:05:49,829 ~-~-> 00:05:52,679
363 usually small little optimal trade entry right there during
364
365 92
366 00:05:52,679 ~-~-> 00:05:55,319
367 London close. What is London clothes 10 o'clock in the
368
369 93
370 00:05:55,319 ~-~-> 00:06:00,629
371 morning to noon, New York time. It's not always the And the
372
373 94
374 00:06:00,629 ~-~-> 00:06:04,769
375 range. And when you know you're doing and you understand the
376
377 95
378 00:06:04,769 ~-~-> 00:06:09,569
379 algorithm, and real institutional trading is a big buzzword
380
381 96
382 00:06:09,569 ~-~-> 00:06:12,719
383 right now on YouTube, isn't it institutional trading? like,
384
385 97
386 00:06:13,139 ~-~-> 00:06:16,169
387 Okay, show me institutional trading show me that you can
388
389 98
390 00:06:16,169 ~-~-> 00:06:19,049
391 reprice before it happens. Sadly, you don't see that
392
393 99
394 00:06:19,049 ~-~-> 00:06:22,559
395 happening. But if they can you got some of you know what
396
397 100
398 00:06:22,559 ~-~-> 00:06:25,019
399 it's doing it improves it every single day or every single
400
401 101
402 00:06:25,019 ~-~-> 00:06:27,779
403 week, send me their link. I'd love to be able to watch them
404
405 102
406 00:06:27,779 ~-~-> 00:06:32,249
407 because right now it's just me. So the optimal trade entry
408
409 103
410 00:06:32,279 ~-~-> 00:06:35,219
411 rate in here trades up into a bearish order block. You guys
412
413 104
414 00:06:35,249 ~-~-> 00:06:38,099
415 can watch that video yesterday and see actually execution
416
417 105
418 00:06:38,099 ~-~-> 00:06:40,769
419 right there as it happens. And the first draw on liquidity
420
421 106
422 00:06:40,769 ~-~-> 00:06:43,859
423 which is DLL here is this little abbreviation and it's an
424
425 107
426 00:06:43,859 ~-~-> 00:06:47,879
427 expired little magnet I put on there to draw your attention
428
429 108
430 00:06:47,879 ~-~-> 00:06:49,949
431 to if you're watching the chart or looking at the chart,
432
433 109
434 00:06:50,279 ~-~-> 00:06:53,549
435 just like this one was down here. First profit was taken
436
437 110
438 00:06:53,549 ~-~-> 00:06:57,719
439 there. And partial was taken here. As we entered into it,
440
441 111
442 00:06:57,719 ~-~-> 00:07:01,949
443 we're blocked another order block going in here ahead of
444
445 112
446 00:07:01,949 ~-~-> 00:07:04,799
447 this look, because it could very easily retrace, and come
448
449 113
450 00:07:04,799 ~-~-> 00:07:08,339
451 back up here and wipe out these equal highs. See, as a
452
453 114
454 00:07:08,339 ~-~-> 00:07:12,269
455 developing trader, you're not going to know if that's likely
456
457 115
458 00:07:12,269 ~-~-> 00:07:16,589
459 to happen or not. I have things that I can see but I like to
460
461 116
462 00:07:16,589 ~-~-> 00:07:22,829
463 teach and preach at the same time. So if you can't follow
464
465 117
466 00:07:22,829 ~-~-> 00:07:25,919
467 the logic of why you take partial profits along the way, if
468
469 118
470 00:07:25,919 ~-~-> 00:07:28,319
471 you're the type of person who says, well, it's one and done,
472
473 119
474 00:07:28,589 ~-~-> 00:07:30,419
475 you know, I'm going to get in and get out with my full
476
477 120
478 00:07:30,419 ~-~-> 00:07:33,809
479 profit or nothing or take a loss. Well, you're not going to
480
481 121
482 00:07:33,809 ~-~-> 00:07:35,909
483 be around in this business very long, especially if you're
484
485 122
486 00:07:35,909 ~-~-> 00:07:38,849
487 developing student because the mark is gonna eat you alive.
488
489 123
490 00:07:39,449 ~-~-> 00:07:43,799
491 But once it gets below the low over here, okay, as it was
492
493 124
494 00:07:43,799 ~-~-> 00:07:46,619
495 approaching rather than me say it that way, I offered the
496
497 125
498 00:07:46,619 ~-~-> 00:07:49,679
499 opportunity for the market to limit me out below the 117 big
500
501 126
502 00:07:49,679 ~-~-> 00:07:52,229
503 figure and you can see that in the recording, it wasn't
504
505 127
506 00:07:52,229 ~-~-> 00:07:55,499
507 having any of that it went down below the load, allow me to
508
509 128
510 00:07:55,499 ~-~-> 00:07:59,819
511 get out below the low, this lower here, but then stop loss
512
513 129
514 00:07:59,819 ~-~-> 00:08:02,489
515 tight. Because I didn't want to have any kind of retracement
516
517 130
518 00:08:02,519 ~-~-> 00:08:05,939
519 up on the position after taking that low out because that
520
521 131
522 00:08:05,939 ~-~-> 00:08:09,449
523 could happen. And I don't want to give up a good profit.
524
525 132
526 00:08:10,049 ~-~-> 00:08:13,919
527 hypothetical nonetheless. But all these points in here
528
529 133
530 00:08:14,159 ~-~-> 00:08:19,259
531 referenced in here, you can see all the business here. So
532
533 134
534 00:08:19,709 ~-~-> 00:08:21,839
535 this is what I'm referring to when you when you see these
536
537 135
538 00:08:21,839 ~-~-> 00:08:25,499
539 guys online, it's all the multi level marketing guys in IML.
540
541 136
542 00:08:25,499 ~-~-> 00:08:28,619
543 Guys that claim they know how to do institutional trading,
544
545 137
546 00:08:28,619 ~-~-> 00:08:31,439
547 but you don't see him doing anything. They have a lot to say
548
549 138
550 00:08:31,439 ~-~-> 00:08:34,619
551 about the left side of the chart. Show me the right side of
552
553 139
554 00:08:34,619 ~-~-> 00:08:38,189
555 the chart. But anyway, looking at the New York session, we
556
557 140
558 00:08:38,189 ~-~-> 00:08:40,289
559 get a lot of thumbs down on this video because of that
560
561 141
562 00:08:40,289 ~-~-> 00:08:44,069
563 comment. It's okay. It's okay. It still helps algorithm pump
564
565 142
566 00:08:44,069 ~-~-> 00:08:47,549
567 up my views. So we have the New York session today. This is
568
569 143
570 00:08:47,549 ~-~-> 00:08:49,859
571 what happened to that post on the community tab on my
572
573 144
574 00:08:49,859 ~-~-> 00:08:55,259
575 YouTube channel. Focus on the 15 minute timeframe. When a 15
576
577 145
578 00:08:55,259 ~-~-> 00:08:58,019
579 minute timeframe, we'll look at the moment because it's the
580
581 146
582 00:08:58,019 ~-~-> 00:09:01,679
583 118 07 level Okay, we'll look at that in a minute. But on
584
585 147
586 00:09:01,679 ~-~-> 00:09:04,349
587 the five minute chart, we can see what I taught you all
588
589 148
590 00:09:04,349 ~-~-> 00:09:08,099
591 free, no charge whatsoever, the optimal trade entry trading
592
593 149
594 00:09:08,099 ~-~-> 00:09:10,829
595 model, using the 830 in the morning till nine o'clock in the
596
597 150
598 00:09:10,829 ~-~-> 00:09:14,309
599 morning timeframe. And we have one optimal trade entry
600
601 151
602 00:09:14,309 ~-~-> 00:09:17,579
603 there. Which waterblock you have one optimal trade entry
604
605 152
606 00:09:17,579 ~-~-> 00:09:20,759
607 their bullish order block inside of the time window and
608
609 153
610 00:09:20,759 ~-~-> 00:09:23,459
611 trading up above the 180 day figure. And above that red
612
613 154
614 00:09:23,459 ~-~-> 00:09:26,429
615 line, what is that red line? Well, I counseled you all to go
616
617 155
618 00:09:26,429 ~-~-> 00:09:29,309
619 to the 15 minute timeframe.
620
621 156
622 00:09:30,960 ~-~-> 00:09:33,900
623 And had you done that you would have seen these relative
624
625 157
626 00:09:33,930 ~-~-> 00:09:37,560
627 equal highs. So above that is where the market is likely to
628
629 158
630 00:09:37,560 ~-~-> 00:09:41,070
631 draw to. And it popped right above that, just like I taught
632
633 159
634 00:09:41,070 ~-~-> 00:09:44,040
635 you on this YouTube channel, didn't cost you anything but
636
637 160
638 00:09:44,040 ~-~-> 00:09:48,210
639 the time that study it, and it delivers every single day.
640
641 161
642 00:09:48,840 ~-~-> 00:09:53,190
643 There is not one single quote unquote mentor out there that
644
645 162
646 00:09:53,190 ~-~-> 00:09:55,620
647 you're going to have to pay for. That'll give you something
648
649 163
650 00:09:55,620 ~-~-> 00:09:59,190
651 better than that consistent pattern. It delivers every
652
653 164
654 00:09:59,220 ~-~-> 00:10:03,060
655 single day. And truth be told, when I started on baby pips
656
657 165
658 00:10:03,060 ~-~-> 00:10:06,810
659 in 2010. That was the actual model I was doing when I was
660
661 166
662 00:10:06,810 ~-~-> 00:10:09,750
663 recapping majority of all the trades I was showing you at
664
665 167
666 00:10:09,750 ~-~-> 00:10:13,260
667 that time. So it's got longevity, and it was working for me
668
669 168
670 00:10:13,260 ~-~-> 00:10:17,520
671 in the 90s as well. It's in the 1990s. Folks, Millennials
672
673 169
674 00:10:17,520 ~-~-> 00:10:22,110
675 didn't aren't used to seeing things before 2000. But that's
676
677 170
678 00:10:22,110 ~-~-> 00:10:25,230
679 the business on the eurodollar and what took place and if
680
681 171
682 00:10:25,230 ~-~-> 00:10:27,360
683 you'd like these kind of videos, if you'd like to see things
684
685 172
686 00:10:27,360 ~-~-> 00:10:30,660
687 like this more frequently, I'd be happy to do it. Just give
688
689 173
690 00:10:30,660 ~-~-> 00:10:34,020
691 me some support with a thumbs up and share the video. And
692
693 174
694 00:10:34,050 ~-~-> 00:10:35,550
695 I'll talk to you next time. Wish you good luck and good
696
697 175
698 00:10:35,550 ~-~-> 00:10:35,880
699 trading.