ICT YT - 2020-08-21 - ICT Forex - Price Action Lesson - IPDA Vs Wyckoff Theory.srt
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ICT: l do, folks, welcome back. This is a price action
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lesson on institutional order flow, and smart money concepts
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and interbank price delivery.
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Right. So before we get into this, a lot of you, new
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students may not be aware of this particular pattern. This
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is something I've been teaching for a very long time. And it
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is my market maker sell model. Now, the point of this
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discussion tonight is just to draw the strong contrast
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between what it is that I do and trade with, versus things
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that come from the retail universe, specifically wycoff. So,
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if you look at this specific fractal This is a conceptual
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view of how a market pricing occurs from Original
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consolidation re cumulation, smart money reversal, low risk
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sell, redistribution, clearing the original consolidation.
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It's all of this right here. This is an original idea.
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That's mine. Okay, so a lot of you new folks probably
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already probably getting sick and tired of hearing me say
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this is mine, and this is mine. The reason why I'm doing
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that is because there's a lot of feedback I'm getting that
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you don't see through email. A lot of folks are making
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YouTube channels and videos, stating nonsense and reteaching
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my concepts but renaming him and trying to use the
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protective umbrella of wycoff. And we're going to show that
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my content is not like off. If you just look at this fractal
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here. This is not the markup and markdown phase of wycoff.
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Okay. There are specific elements in here that are not
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disclosed or talked about or even mentioned in wycoff
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theory. I'm going to take this idea this premise, okay, and
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just try to remember this image. Now you're welcome to
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screen capture this and put it in your notebook and print it
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out. Everyone knows about this because I've taught this even
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back when I was on baby pips, so it was in free tutorials.
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It's mentioned throughout the YouTube channel in various
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places. It's a hallmark to me. So there are elements that
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I'm going to cover in this lesson tonight that will help you
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eliminate the concern that you may have heard or read about.
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Whereas ICT namely me, inner circle trader just teaches
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wycoff renaming things. And like I said, that's the number
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one premise to this video. Plus, I'm gonna give you some
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nuggets and things that helps you see things that are maybe
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not available to you when you look at price now, but I teach
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these things in great detail. Many of them I teach in this
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you to channel for free. So just know that if you spend time
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at this channel, you're going to learn things that aren't
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everywhere else. Now they're starting to populate other
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YouTube channels and other websites because I'm training a
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lot. And when I say a lot, I think at the time of this
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recording, I have 59,000 students, their formal students. So
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it goes without saying with that level of student base. If
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something's as good as my stuff is, it's going to spread
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globally. And it is it's it's becoming viral everywhere. You
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smart money, this institutional trading that, you know,
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breakers, order blocks, all that stuff. It's based on the
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things that I've been teaching openly. Since 2010. Now, I've
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been training people since 1996 1995. I started marketing
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myself and started building a subscriber base then, but I
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was teaching market maker concepts officially In 1996, my
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trading began. And learning really began when I was 16. My
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first account opened up in November of 1992. And I blew out
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the first trade. And you guys know that 60% of my original
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position was taken away, and I got scared and close the
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account. Then I started again, more formally trading with
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new concepts and things I've learned from Larry Williams,
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and started building up a little bit a better understanding
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of what it is I wanted to do. And I got lucky in 1993 and
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had long stretch of luck. That just simply was all
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attributed to being in a market that was predisposed to go
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up. And I just couldn't really understand short selling.
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This lesson is going to help you understand how I've learned
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to trust going short because it's in this fractal, okay,
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when I say fractal, it's a pattern,
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this point of where it starts, where it trades up to as its
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highest point, and then you see the move going lower this
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entire move this swing. It occurs on all timeframes, and
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it's replicated on multiple timeframes. So when you see this
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pattern, this could be an hourly chart where it takes maybe
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1015, individual hourly candles to make this original
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consolidation, then you have a few candles that go up and
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then it consolidates again, it may be well, whatever this
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would have been this will be approximately about half of
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that. Not that it has any makeup on the underlying pattern,
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but the timeframe you're looking at all this idea or theory
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is applicable to all timeframes. And there's a reversal of
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this fractal which is the market maker by model. Now what
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makes this a sell model? When markets are in consolidation,
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what's occurring is there's a buildup of sentiment. Now the
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sentiment may not be strong enough at the time. So the
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algorithm that delivers price, and we're going to talk a
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little bit about that tonight, too. It waits for enough of
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open interest in the marketplace. And once that open
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interest becomes obvious, it's usually on the opposite side.
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So you would see many times opportunities where traders
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would be expected to go short, or there would be a lot of
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expectation to go lower, and the market would eventually run
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outside of that. And many times you'll see that this pattern
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really starts with the expectation of the market wants to go
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lower in the retail universe. In other words, the average
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retail trader will see this area in here and the price
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before it, leading to some idea that would be bearish. And
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if they're bearish, their stocks are gonna be placed right
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above Here, and the original run is to those individuals. So
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their buy stops are taken, but the market doesn't go there
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and then trade lower, it goes there and then consolidates
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and allows traders to build up more sentiment. What this
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period right here is it walls in large fund traders. Now
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large fund traders are the counterparty to the central banks
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on the trading end, no words. There are global commerce,
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there's transactions that are facilitated through the
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foreign exchange market. But the speculative side the
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counterparty that is provided for the large funds is the
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central banks themselves many times so they'll offer that
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liquidity and assume the risk. That risk is being used as a
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position that will be later profitable, because the central
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banks have a very deep pocketed Don't they're not concerned
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about how far this is going to go, because how far this
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rally is going to go up is pre determined. Now, again,
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that's unsettling when you hear that. It sounds like there's
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no way that this is like that. But it is. It absolutely is.
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And I can give you a plethora of proof examples, and I call
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it before happens if it wasn't true. You have a greater
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problem in trying to explain how it is that I know what's
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going on, because I'm gonna tell you right now, it's not
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like off. It's not supply and demand. It's not Elliott Wave.
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It's not harmonic patterns. Okay? I'm very controversial as
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an individual because I'm not going to sugarcoat anything,
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folks, I'm not going to sit here and hold your hand and
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pretend that all this retail stuff and indicators are going
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to help you. I'm going to tell you short and sweet that it
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is going to harm you, and it's going to stunt your growth.
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If you have been using those things, and you've been
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profitable, I can assure you, once you study my content,
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you're going to see really why those trades were profitable.
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It just so happens that those indicate We're flashing that
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particular view at the time. But I don't have a whole lot of
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things moving around, that would give me a view that will be
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opposing many times. And if I have opposing views in my
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analysis, that to me is uncertainty. And I'm going to sit on
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my hands and wait, I'm waiting for more information, more
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clarity, so the price will be able to reveal itself or tip
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its hand so to speak. So that way I feel comfortable with
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the next trade I'm going to take. So in short, the idea is
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we want to anticipate a run from an original consolidation,
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which is over here. And once this starts to run up, your eye
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needs to go right below these lows because right below these
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lows that sell side liquidity, this sell side liquidity is
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going to be targeted later on. But it's for the central
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banks to be profitable, okay, they're not going to give this
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opportunity. You openly not gonna make it available in books
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and it's not covered in wycoff. Okay, so Why am I so
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hard up on the wycoff? group? Okay, because if you're a
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wycoff student and you've been trading and maybe you're
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profitable, this lesson actually might be a little bit more
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beneficial to you. If you're new and you're reading or
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hearing other people, either directly or indirectly stating
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that I am re inventing. Okay, like off. You're going to be
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corrected tonight. Okay, and I'm doing that because we had
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this problem on baby pips years ago, people were saying, Oh,
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well, he strong supply and demand zones, and it's not supply
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and demand zones as you're going to see the night also. It's
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a very specific criteria that leads to probabilities. And
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it's highly specific. It's not conjecture, it's not
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contrived. But it has to start from a premise that leads to
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the market in a consolidation that sends price higher,
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because all this move right in here. This move for Regional
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consolidation out to the Smart Money reversal. And what's
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the Smart Money reversal? That's a level that should offer
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strong selling, or at least an intermediate term resistance.
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And this might be a retracement down. That is part of a
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larger up move. So don't think that this is a a topping
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formation in its entirety because it's not. I use this
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pattern on both sides of the marketplace. And sometimes I've
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done it in the same day. It's not limited to that, but you
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do have to understand what you're doing with it. And just
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because you can see this and maybe find an example of it in
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my teachings, or final example, in hindsight, it's not the
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same thing as you being able to see it forecasted and
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anticipate it, trade it both directions up, and then short
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it and go down. But the premise is this. You're taught and
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you hear other people on YouTube, you hear other people on
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courses and such. They'll say the buying pressure that led
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to this move up here. They'll say Smart Money bought all
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this driving price up. As soon as you hear that, get out of
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there, stop listening to those people, because that's not
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how the markets work. Buying pressure is not what causes
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these runs higher. It's repricing. That's it. Now I want you
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to think a little bit because you have to take your time
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with this lesson. You probably have to watch it a few times
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too. But if prices consolidating like this, and I'm
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promised, we're going to go to a real price chart in a
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moment. But if markets are in consolidation, and we can look
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at the market as a potential short term bullishness, that
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leads to a sell later on. Now, there's two camps in this
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environment, one that will say, Okay, I'm going to be a
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buyer and it's going to go up to that level and that's their
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trade completely and utterly done with the market after
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that. Other traders can sit here and say, Okay, I don't know
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if it's going to go up to that level here. But if it does, I
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want to sell short and their trade would be shorting here,
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down to this level here. Now, when you understand how the
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market delivers in books price, you can work from this level
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here to here. And then from here to here, them here, here,
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here to here, here to here. That's a dynamic, market
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efficient trader. I mean, they know what they're doing.
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That's going to take decades to get like that. And that's
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why I say when you see examples of me trading both sides of
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the range, buying long and going short in the same day,
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multiple times, you need to know a lot of stuff and I have
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not revealed those things in mentorship or anything. And you
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don't need to trade that way. You only need to understand
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one piece of this overall fractal pattern. Now whereas it
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might be from here to here, and the idea of this area here
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breaking down, that would be a stop out. So you would hold a
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trade until eventually stops you out. And that's how you
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catch a big runner. Don't try to capture the top because you
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don't know where that may be in your analysis, your level of
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understanding. So the idea would be the buy here and use
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this area here. If you get to that point get stopped out,
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and that would be your trade. So there's lots of different
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ways to use this fractal. And many of them I haven't even
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taught yet. But the general principle is, you start with
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consolidation, it's going to go up to a specific point that
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leads to selling and it goes lower.
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But I really want to understand that it's not buying
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pressure. Okay, it's not buyers. That leads the price to go
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up to this level. It's repricing because as soon as the
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central bank stops offering the price at these levels, and
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then starts repricing lower, that controls the sentiment of
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traders. They are not out there saying okay X amount of
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buyers have been buying it up and it's pushed it this far.
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It doesn't work that way. Folks, as much as the book say as
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much as these well meaning gurus and educators out there
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want to tell you this and they may subscribe to this
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wholeheartedly. That's how the markets go. It's buying and
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selling pressure. It's supply and demand. That's how these
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things happen. It's not how it works, okay? It's not how its
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work. It's not how it works. I don't mean to be
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disrespectful and I sound like an arrogant jerk. Okay, but
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if you've been watching this stuff, okay? And, okay, I'm not
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in here as someone just read 2000 books, and I figure, I'm a
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professional because of that. I have had people instill in
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me information that you're never going to see ever. It's
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never going to happen. When you get exposed to something
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like that, it changes you. It changes your perception of the
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marketplace, it changes your Well, my patience with retail
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ideas, or it's next to nothing. I don't have any patience
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with it whatsoever. And when I see people try to hide their
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real intentions, because what they're doing is they're
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teaching my concepts, but they're trying to call it
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something else. So that way, number one, they think they're
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going to avoid legal trouble with me. To the avoid all the
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drama that my teach my teachings are found in their works,
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but renamed, so my students will find them. Or I'll find
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them on YouTube because sometimes their videos get suggest
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because I'm predominantly looking at market related things
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on YouTube. So I'll get videos suggested to me. And I'm
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like, Wait, what? And I look at it. And that's something I
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just talked about yesterday. So now they have it in their
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video. Okay, so when I see that stuff, it's very offensive.
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I'm not like, I don't look at this, as you know, everybody
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wants to be like me. And I feel like that's a cool thing.
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That's not what I want you to do. I want you to be an
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independent thinker. And if you've learned something from
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me, hey, great and credit me, but don't try to reteach my
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stuff and don't try to make courses with my stuff. Because I
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come after people with that. And it's just I got plenty of
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time and money to do and people working behind me. You do
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those types of things for me, but I don't want that to
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happen. That's not what I want. And besides, you're never
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going to be a good trader. If you're doing that. You're just
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pretending you're being a copycat. copycatting is limited in
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what you can earn. You most the people that are doing it
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can't trade. And it's mostly the IML people, I markets live.
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I am Academy. I've thrown so many others individuals out of
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my course in my mentorship. And you can clearly see if
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you've ever looked at in their stuff, they'll talk about
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fair value gaps, which we'll talk about tonight. breakers
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mitigation blocks and 99% of time. They're classifying the
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chart in the element that they're trying to draw a parallel
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to, to my content. It's wrong. And that's why their analysis
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fails and I don't really go after the individuals to have
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their videos on YouTube that have fair value gas mentioned
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order blocks, ie calm institutional candles, but it's
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nonsense. There is no institutional candle, okay, there is
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no institutional gaps. Okay, there is no institutional
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candlesticks, okay. Or sniper candles, okay, all they've
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done was just simply changed the name of it. waterblock in
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99% of the time, they're classifying it wrong, and if you
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just watch their videos, everything they talk about as a
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future idea, it fails. So it kind of tells you that they
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don't know what you're talking about. You can put all the
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buzzwords and tags on your chart to draw attention to
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yourself. And sounds like you're institutionally minded, but
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you're not aware, you're not making number one proof that
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you know what you're doing. In fact, you're showing the
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opposite to your harming the viewers that are giving you
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their time, and energy and effort to try to pick up on what
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you're trying to teach, but you don't know how to do it. So
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again, I've mentioned this in the last video, and it
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probably won't be the last time I do it. But I really want
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you to think about if you're operating a YouTube channel,
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okay, and you're doing things like renaming my things. Look
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around. I'm having YouTube, take those videos down. And it
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only takes me to do one time. They take it down. They know
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my stuff. They've seen the documentation, it's my content.
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It's my copyright. It's my thing. So don't waste your time
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and don't take my videos and dump your native language
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overtop of them. Because I had them that guy, the whole
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channel taken down that do that. Okay. So,
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again, I'm not here to try to be a irritant. I'm here,
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giving you my time and my energy because I love doing this.
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I absolutely love doing it. It's my entire life. I've been
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doing this more than anything else, since I've been alive.
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And I like to believe that God's blessed me with an ability
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that I had made a promise to him. If he would bless me and
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give me the understanding to know how to do this. I would
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spend the rest of my life teaching other people how to do
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it. And I have been doing that. And I don't think that most
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people understand that promise because they Look at an
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opportunity. Well, he's got something that works really
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good. And it defies all logic in retail universe trading
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period. It's nothing like what I do. There's absolutely
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nothing you were doing some why is because it's the absolute
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market. It is the market. So when I say I'm teaching market
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maker concepts, I'm not teaching willy nilly patterns, okay,
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I'm not teaching some garbage. I'm teaching how the markets
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turn on a dime to the point or to PIP at a specific time of
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day, it's just a day of the week. Okay, I can do this every
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single day. The point is, you don't need to be that good at
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it. You only need to know one specific element about the
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marketplace that you're looking at. And then that one
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specific criteria, you repeat it over and over again, and
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then you add money management to that. So you're repeating
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something that is a have, basically a result that's
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expected. And then if you haven't a result, it's a spected
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that repeats more times than it fails. Because it's not.
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It's not perfection you're aiming for. In the beginning as a
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new trick, you're thinking you want perfection, it doesn't
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exist, I lose to. Even with the best of setups, I think it
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may be lined up from a interbank level. I still can get it
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wrong because the human in me, may spend more time looking
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at something that has less significance at the time. And
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usually that's at major tops and bottoms. Okay, I, that's
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where I fail. If I were to classify a specific timeframe,
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when I'm trading, majority of time, if I'm losing money,
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it's in areas where I'm trying to predict the direction that
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this move occurs. So I've learned over the 27 years I've
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been trading This is the wait for that move to come out. Not
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a breakout trader. I'm just waiting for that move to occur
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and then the imbalance that's created in here, okay, it'll
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either be a fair value gap, which we'll introduce tonight.
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It's been shared in my mentorship and trust me, there is so
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Much more to it than just looking at what I'm going to show
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you tonight. Or there may be an order block in here, or it
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may be a stop run. So there's three elements in here that
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are going to be a factor. Not all of them exist at the same
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time. So the question always is, is what do you look for? Do
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you look for a order block? Do you look for a fair value
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get? Or do you look for stops, it depends on the structure
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of the marketplace from that period where it leaves the
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consolidation. And it'll make more sense when we go into the
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live charts, but just will not live charts as the markets
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are closed. Now it's after we close on Friday, but we'll
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look at real charts. But once it gets in here, then I'm
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comfortable. And I know that this is likely to go where I
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think it's going to go and then I can be a buyer in here and
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right up to this area and then go short and reverse here or
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here depending on how strong of a opinion I have on the
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marketplace. It's a bullish market. Now, if you're not
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writing notes down, folks, I'm telling you, you're really
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wasting your time because if you listen to what I'm saying,
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I'm giving you things that I used to charge people $20,000.
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Now I'll say that again $20,000 okay to learn these types of
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things, and again, I put this bounty out before I did it on
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baby pips. Okay, I'm gonna do it right here because now it's
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on YouTube. There's a larger audience watching. I will pay
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100,000 US dollars to anyone that can find my concepts
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anywhere in print prior to 1996. Now I'll say that again,
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the way I train and teach the marketplace and how the
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interbank market prices, if you can find it anywhere prior
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to 1996, I will pay you 100,000 US dollars, period and the
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story done, and it will still be in my bank account 20 years
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from now because there isn't going to be anyone that can
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find it. I'm the author of this stuff. So when I say I
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authored it, I authored it. I have been paid by firms.
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bankers, traders, brokers, all of these individuals, I have
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consulted, period. They're not going to come to me if they
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can find this stuff in wycoff books, okay? I mean, I hate to
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sound that snide, but it's the way it is, folks.
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If you don't want to believe that just believe me on the
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sake that I can do these things, and I can tell you exactly
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what's going to happen before it happens, and it goes to the
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PIP over and over and over again. It's as simple as that. I
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don't need you to believe my words, I just need you to go in
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and investigate it with your own practice. And that alone
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will be the testimony you need, because you will see that
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it's the truth. That's what I'm telling everybody, every
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single person that comes to this YouTube channel, there's
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never been anyone that's completed every single video and
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said, You know, I've watched all your videos, and I really
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wish I would have never done it. They all send me the same
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if they're gonna send me anything at all. They send me the
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00:25:00,570 --> 00:25:04,290
same type of response. Wow, I cannot believe you put this on
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youtube for free. This is better than any course anything
404
00:25:07,320 --> 00:25:11,220
out there. And I agree. And I just tell them, keep me keep
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me up to date with your training and let me know how you
406
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got. So I know this stuff is the best. It is the absolute
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best folks, you're going to be out there listening to these
408
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20 year olds parroting what I've said in old videos, okay.
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And they cannot prove they can do it. And they want to get
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you into these schemes where you enter this multi level
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crap. And you're never really learning how to trade. They
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can demonstrate my toys and my inventions on the left side
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of the chart, but they will never be able to do it live.
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They cannot do it. They won't do it because they don't know
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how to do it. They make money from subscriptions and let me
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tell you something. I could sign on to my paypal right now.
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Okay and show you $165,000 came into my paypal today Now
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think about that. Do you still see me with that money coming
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in? Do you ever see me posting my cars, my homes, my
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watches, you've seen some pictures and such of mine. Come on
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collection because I wanted to be different. But none of
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those other things you've never seen. And if you didn't
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believe I had money prior to me doing a mentorship, I really
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have it now. So why am I not showing all these things?
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Because that's not going to make you a better trader. It's
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not going to make you someone that is objective about the
427
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marketplace. And I'm not trying to sell that lifestyle. I
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don't particularly care. What anybody's opinion about about
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me personally is about whether or not I should show my toys.
430
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I just don't think I should do that I did those types of
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things when I was a younger man. I'm about to turn 50 in two
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years, so I may sound like a young guy cuz I'm I've always
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been what it is. But I'm actually a middle aged men, and I
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just don't live life like that. So I try to be as modest as
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I possibly can. In the areas I feel that it's important, but
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when it's authorship and things that I know that I have
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created, and I see other people trying to take credit for or
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to try to hide them stealing the idea and intellectual
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concepts. And plagiarism is really bad in industry. And most
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people would say, Well, if you're, if you're successful, you
441
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wouldn't care about this. Well, that's not true. Because I
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want you to understand this, and then we're gonna go into
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the heart of the teaching. I don't want people to look at me
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and worship me. That's not what this is. So if you're a new
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subscriber, if you're a new viewer, okay, and you just
446
00:27:37,710 --> 00:27:41,040
stumbled over top this channel, or someone shared a video
447
00:27:41,040 --> 00:27:43,020
and said, Hey, let me in. Let me start looking at some of
448
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these videos and you're watching this one now. I need you to
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understand this point. And again, this won't be the last
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time you hear about it either. I had a hard time in the
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beginning. It wasn't easy for me. And I didn't come from
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money. But I've always believed in In a God, I've always
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believed that the creator didn't just make us in his walk
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away from us. So I actively prayed for this skill set. And I
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believe he answered it. And I worked really hard. And it
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wasn't hard work that got me here, because I did a lot of
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hard work looking at the wrong things. And some twists of
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circumstances, we'll just say it that way. I fell into an
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opportunity that still baffles me today. But because of
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00:28:36,240 --> 00:28:40,560
that, I understand things that you wouldn't know otherwise.
461
00:28:41,100 --> 00:28:44,310
And there's maybe people that's been trading longer than me.
462
00:28:44,670 --> 00:28:46,920
And they had been profitable. And they'll hear this video
463
00:28:46,920 --> 00:28:48,690
and say, this guy's full of crap he doesn't know he's
464
00:28:48,690 --> 00:28:49,170
talking about.
465
00:28:50,460 --> 00:28:55,110
I don't know what you subscribe to as a theory on trading.
466
00:28:55,620 --> 00:29:00,840
But I've done just about all of it and nothing Is truer than
467
00:29:00,840 --> 00:29:04,620
what I teach nothing. And you get to test drive it for free
468
00:29:04,620 --> 00:29:08,490
here on YouTube. So when I see other people try to take
469
00:29:08,490 --> 00:29:12,120
credit, or rename something because they want glory, and
470
00:29:12,120 --> 00:29:14,460
they want fast buck, and they want to live like the kids
471
00:29:14,460 --> 00:29:19,020
over there on Instagram, they can't trade. This idea of
472
00:29:19,020 --> 00:29:24,360
doing that isn't robbing me. It's robbing God. Because when
473
00:29:24,360 --> 00:29:27,840
people find me, I don't say, this is mine. This is mine
474
00:29:27,840 --> 00:29:30,240
worship me. I'm the best trader in the planet. I don't say
475
00:29:30,240 --> 00:29:33,870
that. Okay, I've said things like that in the past. But I
476
00:29:33,870 --> 00:29:37,470
want the viewer to understand the reason why I'm hung up on
477
00:29:37,470 --> 00:29:43,620
this is because when everybody follows me, they are going to
478
00:29:43,620 --> 00:29:48,990
hear me credit who it came from. And I prayed for this. And
479
00:29:48,990 --> 00:29:51,780
I worked very, very hard and working hard didn't get me
480
00:29:51,780 --> 00:29:57,120
there. But when he opened my eyes to certain things, I
481
00:29:57,150 --> 00:29:59,880
caught my attention. Let's put it that way. And then I said
482
00:29:59,880 --> 00:30:04,950
well If you make this available to me, I will give you my
483
00:30:04,950 --> 00:30:09,000
entire life to help other people. And I don't need to put
484
00:30:09,000 --> 00:30:12,600
this YouTube channel here. It's, it's been sitting here for
485
00:30:12,600 --> 00:30:16,470
years. And these videos are better than any course out there
486
00:30:16,530 --> 00:30:20,850
zero, nothing can come close to this. Nothing. Man, there's
487
00:30:20,850 --> 00:30:23,460
some pretty decent people out there who have well meaning
488
00:30:23,460 --> 00:30:28,410
intentions to try to train people. Even that it all pales in
489
00:30:28,410 --> 00:30:32,640
comparison. There's a lot of people in this industry also
490
00:30:32,670 --> 00:30:35,520
that because of privacy, I'm not going to rename and say
491
00:30:35,520 --> 00:30:38,160
hey, you know who, who's in your course who's in this who's
492
00:30:38,160 --> 00:30:42,600
trained on you? But you'd be surprised. You'd be very
493
00:30:42,600 --> 00:30:48,300
surprised to see who trained with me. So it's not an image
494
00:30:48,300 --> 00:30:53,670
thing with me. It's a giving glory to work justly deserved.
495
00:30:54,840 --> 00:30:58,800
Yes, I worked very hard. But it wasn't until God gave me his
496
00:30:58,800 --> 00:31:03,030
grace to see the things because they were always in the
497
00:31:03,030 --> 00:31:07,890
charts. They were always there. But no one ferreted out.
498
00:31:08,970 --> 00:31:12,510
Over 2000 books. And anything that came out new, I owned it,
499
00:31:12,570 --> 00:31:17,100
I bought it period. It was a course I bought it. From
500
00:31:17,460 --> 00:31:22,260
futures, contract trading, two options trading, to currency
501
00:31:22,260 --> 00:31:26,580
trading, Bond trading, stock trading, you name it. I have a
502
00:31:26,580 --> 00:31:31,410
library that's deep with all those things. And done to this
503
00:31:31,440 --> 00:31:36,930
exists and I have wycoff books. And again, wycoff was a
504
00:31:36,960 --> 00:31:42,120
theory of retail thinking that I made fun of, and I trolled
505
00:31:42,150 --> 00:31:44,910
an individual on America Online. His name was dean. And if I
506
00:31:44,910 --> 00:31:47,190
could meet him today, I would apologize to him because I was
507
00:31:47,640 --> 00:31:50,160
really an arrogant jerk. Back then you think I'm arrogant
508
00:31:50,160 --> 00:31:53,430
now, but I really really was an arrogant jerk on America
509
00:31:53,430 --> 00:31:57,090
Online. I was the definition of new money. You know, I had
510
00:31:57,120 --> 00:32:02,010
money coming in my hands because I was making Long trades in
511
00:32:02,010 --> 00:32:04,200
markets that were going to go up anyway. And I thought I was
512
00:32:04,200 --> 00:32:08,190
smart. And it was nothing. Simple 50 day moving average
513
00:32:08,610 --> 00:32:13,980
buying oversold, bullish divergence, hidden divergence, or
514
00:32:14,010 --> 00:32:16,230
trend falling in nature, which was invented by Nick man,
515
00:32:16,230 --> 00:32:19,350
nice. Nobody gives him credit to do to this day still, but
516
00:32:19,350 --> 00:32:21,330
he's the one that created that hidden divergence or type two
517
00:32:21,330 --> 00:32:25,200
divergence, or standard bullish divergence on a 60 minute
518
00:32:25,200 --> 00:32:29,250
chart. And that was it. That's, that's all I used. And I
519
00:32:29,250 --> 00:32:35,790
parlayed that up to $832,000. So people watch me do things
520
00:32:35,790 --> 00:32:39,210
like that America Online. And I because I was getting
521
00:32:39,210 --> 00:32:42,690
popular, and I saw somebody else starting another area of
522
00:32:43,530 --> 00:32:47,490
teaching. It was wycoff. His name was dean. And he seemed
523
00:32:47,490 --> 00:32:50,880
like a really nice guy, but I didn't like the descriptions
524
00:32:50,880 --> 00:32:53,520
that he used, like, you know, break the ice, or jump to
525
00:32:53,520 --> 00:32:56,700
creek or something like that. And if you studied wycoff, you
526
00:32:56,700 --> 00:32:59,610
probably know what I'm talking about. But those terms just
527
00:33:00,000 --> 00:33:03,420
Didn't jive with me and what was my problem? My problem was,
528
00:33:03,900 --> 00:33:09,270
I was a team, Larry Williams guy. Okay, and this is the
529
00:33:09,270 --> 00:33:12,600
number one reason why I've taught for years not to have a
530
00:33:12,600 --> 00:33:15,600
team mentality. You don't need to defend me. Okay? If I'm
531
00:33:15,600 --> 00:33:17,580
your mentor, you don't ever have to go on the internet and
532
00:33:17,580 --> 00:33:19,860
defend me. I don't care. Okay.
533
00:33:20,730 --> 00:33:23,370
No one's changing my lifestyle because they don't like me or
534
00:33:23,370 --> 00:33:25,470
they think I'm a fraud, or they think I'm fake, or they
535
00:33:25,470 --> 00:33:27,930
think I did this or that I have all kinds of stories and
536
00:33:27,930 --> 00:33:31,170
things that people are sharing about me, too, looking at my
537
00:33:31,170 --> 00:33:33,510
cousin's pair pants and thinking that's me in a picture and
538
00:33:33,510 --> 00:33:38,940
it's nonsense. It's nonsense. But all these things. Okay,
539
00:33:38,940 --> 00:33:43,890
about Larry Williams concepts. I was subscribed 120% to
540
00:33:43,890 --> 00:33:46,890
everything he said. If Larry Williams said it, then it's the
541
00:33:46,890 --> 00:33:50,610
gospel. And because the things that he talked about
542
00:33:50,610 --> 00:33:53,730
commercials, commitment traders, I could see it in
543
00:33:53,730 --> 00:33:55,920
hindsight, and I was like, that's it. That's the thing I'm
544
00:33:55,920 --> 00:34:00,720
looking for. So I was defending Larry Williams. Without any
545
00:34:00,720 --> 00:34:03,570
real need to defend Larry Williams. I mean, Larry Williams
546
00:34:03,630 --> 00:34:09,870
still has the leader board, record 11,000% gain from 1987
547
00:34:10,020 --> 00:34:15,240
World Cup champion. So what I need to defend him for, but
548
00:34:15,240 --> 00:34:19,560
because I was a young man, and I was watching someone else,
549
00:34:20,070 --> 00:34:24,330
get a crowd, I was thinking myself, This is nonsense, this
550
00:34:24,330 --> 00:34:26,970
doesn't make any sense. And I started looking at what he was
551
00:34:26,970 --> 00:34:29,400
doing. And I would sit in his his little teachings and
552
00:34:29,400 --> 00:34:32,700
things that he would do. And I was like, Okay, this doesn't
553
00:34:32,700 --> 00:34:35,790
make any sense to me. None whatsoever. So I would sit in the
554
00:34:35,790 --> 00:34:38,760
room in the chat room, one American online and trolling.
555
00:34:39,120 --> 00:34:42,600
That's all I would do. And what I was doing was, I was
556
00:34:42,600 --> 00:34:47,910
masking my confusion, because I was seeing things that I
557
00:34:47,910 --> 00:34:52,440
didn't understand. And I was looking for new things I was
558
00:34:52,440 --> 00:34:56,550
learning from Larry Williams. And it just it was a waste of
559
00:34:56,550 --> 00:34:58,740
time looking back at it, and there's a lot of you
560
00:34:58,740 --> 00:35:00,810
individuals that are here listening In this video, and
561
00:35:00,810 --> 00:35:02,340
you're the ones that put the thumbs down, like that's
562
00:35:02,340 --> 00:35:04,380
hurting my feelings, it doesn't make a difference to me what
563
00:35:04,380 --> 00:35:09,360
you do. But either you're an IML guy, or you're a
564
00:35:09,450 --> 00:35:13,470
repackager, or you're somebody that just loves putting the
565
00:35:13,470 --> 00:35:16,080
thumbs down, I don't care, I want you to understand, I don't
566
00:35:16,080 --> 00:35:20,250
care. I don't care what you think the individuals that are
567
00:35:20,250 --> 00:35:24,090
here, you're going to get what you're looking for. If you
568
00:35:24,090 --> 00:35:26,610
put the time into studying the things I'm giving you, you're
569
00:35:26,610 --> 00:35:30,150
going to find that thing that you've been unaware that
570
00:35:30,150 --> 00:35:35,370
exists. And when you see it, you can't unsee it. You're not
571
00:35:35,370 --> 00:35:39,900
beating the market maker here. Okay. I've had so many people
572
00:35:40,380 --> 00:35:43,890
point to other people out there that have created courses
573
00:35:43,890 --> 00:35:46,770
and sell them for $5,000 in such and such and such you never
574
00:35:46,770 --> 00:35:49,230
see these people trade. You never see them execute. And
575
00:35:49,230 --> 00:35:51,900
they're always entering after the move starts. And I don't
576
00:35:51,900 --> 00:35:55,470
do that. I'm buying when it's going down. And I'm selling
577
00:35:55,470 --> 00:35:58,470
short when it's going up. And I'm exiting when the markets
578
00:35:58,470 --> 00:36:01,470
are moving in my favor. Not when retraces unless it stops me
579
00:36:01,470 --> 00:36:05,400
out. Here you're going to learn to trade in line with the
580
00:36:05,400 --> 00:36:08,640
market maker, because the market maker is not the dealer.
581
00:36:09,210 --> 00:36:12,210
Okay? They are not the dealer. They are the central bank,
582
00:36:12,210 --> 00:36:16,290
the storehouse, the commodity producer or holder. And if
583
00:36:16,290 --> 00:36:19,230
we're looking at the Japanese yen, it's the Bank of Japan.
584
00:36:19,500 --> 00:36:22,170
If we're looking at the Australian dollar, it's the Bank of
585
00:36:22,170 --> 00:36:24,210
Australia for looking at the dollar. We're looking at the
586
00:36:24,210 --> 00:36:29,130
Federal Reserve. All of these banks run with the same
587
00:36:29,190 --> 00:36:32,850
algorithm. All of them, they all run on the same algorithm,
588
00:36:33,210 --> 00:36:36,450
the things that make them gyrate and move around. It's not
589
00:36:36,450 --> 00:36:40,980
buying and selling pressure. It's not okay, so with that
590
00:36:40,980 --> 00:36:43,470
idea, let's go into a price chart. Never thought we'd get
591
00:36:43,470 --> 00:36:46,800
here huh? Alright, so here we are. We are looking at a price
592
00:36:46,800 --> 00:36:49,590
chart of the euro dollar. Okay, this happens to be a 90
593
00:36:49,590 --> 00:36:52,170
minute chart and it's nothing special about 90 minutes. I
594
00:36:52,170 --> 00:36:55,170
just use 90 minutes because it makes it very clear to have
595
00:36:55,200 --> 00:36:57,750
the candles about the size they are and still had this much
596
00:36:57,750 --> 00:37:04,170
information. So I sent a post to the YouTube channel. And if
597
00:37:04,170 --> 00:37:06,180
you haven't been following along on the community tab, if
598
00:37:06,180 --> 00:37:10,770
you go to the inner circle trader, YouTube channel, and you
599
00:37:10,770 --> 00:37:13,890
click on the community tab. Again, this is where I've been
600
00:37:13,890 --> 00:37:17,940
using my way of reaching out to everyone. Now, my mentorship
601
00:37:17,940 --> 00:37:21,960
group, they get prompted about a video being posted in that.
602
00:37:22,320 --> 00:37:26,940
And any other insights or anything on my mind, I created
603
00:37:26,970 --> 00:37:30,630
this as a medium to be able to reach out to all of you. So
604
00:37:30,630 --> 00:37:33,450
if there's something on my mind that I'm trying to convey or
605
00:37:33,450 --> 00:37:37,350
share, or a heads up about a video may be coming. It's all
606
00:37:37,350 --> 00:37:41,760
here. So I sent this and I said, we'll go here and look at
607
00:37:41,760 --> 00:37:45,720
this and study this fractal. Okay, all this price action in
608
00:37:45,720 --> 00:37:48,360
here. And that's going to be the scope of this discussion
609
00:37:48,360 --> 00:37:52,740
tonight. So we're looking at it here. And hopefully you've
610
00:37:52,740 --> 00:37:54,870
done a little bit of homework if you haven't already studied
611
00:37:54,870 --> 00:37:57,990
it on your own, and look for certain things in this price
612
00:37:57,990 --> 00:38:01,350
action. Stop the video right now. Just remember where you
613
00:38:01,350 --> 00:38:05,070
are right now and minute marker, stop it, and then study
614
00:38:05,070 --> 00:38:09,150
this. And then once you have exhausted that time and effort,
615
00:38:10,080 --> 00:38:12,180
come back to the video and then watch it from there.
616
00:38:12,210 --> 00:38:14,790
Otherwise, you've been wasting your time and your waste the
617
00:38:14,790 --> 00:38:18,450
opportunity that would, I guess, present the
618
00:38:18,450 --> 00:38:23,520
best learning opportunity for this teaching. Alright, so
619
00:38:23,520 --> 00:38:25,860
when you look at price action like this many times, if
620
00:38:25,860 --> 00:38:28,650
you're new, it just doesn't look like it makes any sense
621
00:38:28,650 --> 00:38:31,860
whatsoever. But I'm going to walk you through this and my
622
00:38:31,860 --> 00:38:35,010
mentorship students, they know that most of the things I'm
623
00:38:35,010 --> 00:38:38,520
going to show you here, they were already made available to
624
00:38:38,520 --> 00:38:44,730
them in advance. But we're gonna look at the annotations
625
00:38:44,730 --> 00:38:50,340
here and let's maximize this a little bit more. Here we are.
626
00:38:50,700 --> 00:38:55,830
So this is the price action for this week in the euro
627
00:38:55,830 --> 00:39:02,700
dollar. And you can see that we had This old high price ran
628
00:39:02,700 --> 00:39:07,410
above that and collapsed and traded lower. I want to kind of
629
00:39:07,410 --> 00:39:11,610
like walk through a market maker sell model. Okay? And then
630
00:39:11,610 --> 00:39:14,820
once I show this, I'm going to show you in contrast what
631
00:39:14,820 --> 00:39:17,940
wycoff teaches, okay? And I'm not going to go into great
632
00:39:17,940 --> 00:39:21,720
detail but understand this. If you are one of those
633
00:39:21,720 --> 00:39:25,410
individuals, okay, that feels because you've watched the no
634
00:39:25,410 --> 00:39:28,950
YouTube channel, or you've watched someone tweet or if you
635
00:39:28,950 --> 00:39:31,800
watched someone on Instagram, or if you've been in another
636
00:39:32,400 --> 00:39:35,790
medium somewhere and they said ICT is just like off or
637
00:39:35,790 --> 00:39:39,300
supply and demand. I have teachings that literally go
638
00:39:39,300 --> 00:39:44,220
through and dissect the stark contrast between the two.
639
00:39:44,460 --> 00:39:48,510
Okay, and this is gonna be one of those examples here. When
640
00:39:48,510 --> 00:39:51,270
I look at price action and how I teach my students, we're
641
00:39:51,270 --> 00:39:54,750
looking for what is called a low resistance, liquidity run.
642
00:39:55,230 --> 00:39:58,500
Okay, and a low resistance liquidity run is the absolute
643
00:39:58,530 --> 00:40:03,300
easiest types of trades. That you can take There are also a
644
00:40:03,300 --> 00:40:06,690
high resistance liquidity run. Now a high resistance
645
00:40:06,690 --> 00:40:11,280
liquidity run still has the potential to unfold as a low
646
00:40:11,280 --> 00:40:14,700
resistance liquidity run. But generally low resistance
647
00:40:14,700 --> 00:40:19,140
liquidity runs get there quicker and less resistance, hence
648
00:40:19,140 --> 00:40:22,350
the name low resistance, it doesn't mean that you're going
649
00:40:22,350 --> 00:40:25,620
to have multiple layers of resistance to hit, okay, it just
650
00:40:25,620 --> 00:40:30,150
means that it has a lot of resistance in terms of time, the
651
00:40:30,150 --> 00:40:33,630
amount of time that's required for it to cross from where
652
00:40:33,630 --> 00:40:36,600
the inception of the move begins, and where it reaches its
653
00:40:36,600 --> 00:40:43,230
target. low resistance is very quick, very sudden moves like
654
00:40:43,230 --> 00:40:46,410
this, this would be a low resistance liquidity run, whereas
655
00:40:46,410 --> 00:40:50,160
this is a high resistance liquidity run. Now I'm not going
656
00:40:50,160 --> 00:40:53,340
to get in here and explain the facets that make them okay
657
00:40:53,340 --> 00:40:56,280
because that's mentorship but I'm already going to give you
658
00:40:56,280 --> 00:41:01,440
more here than I have ever shown in YouTube. And this is
659
00:41:01,440 --> 00:41:04,470
just scratching the surface. But everything I'm showing you
660
00:41:04,470 --> 00:41:10,080
here was talked about before it ever happened. So once I was
661
00:41:10,080 --> 00:41:12,540
there, I understand that and I'm going to prove it. Okay,
662
00:41:12,540 --> 00:41:15,510
I'm going to go over to my website and click into and show
663
00:41:15,510 --> 00:41:17,940
you where I was talking about the market going to this very
664
00:41:17,940 --> 00:41:22,020
level right here. Okay. So it's not a contrivance of my part
665
00:41:22,020 --> 00:41:24,810
to build this as an example saying, haha, look at me
666
00:41:24,810 --> 00:41:28,470
hindsight, I'm smart. I really want you to understand that
667
00:41:28,560 --> 00:41:32,100
you have no reason to buy into these ideas that I'm
668
00:41:32,370 --> 00:41:35,700
reinventing, rehashing, renaming or trying to take the
669
00:41:35,700 --> 00:41:42,030
credit from somebody from the 1900s. Okay, Richard wycoff. I
670
00:41:42,030 --> 00:41:46,890
want you if you doubt me, study it, go into wycoff read
671
00:41:46,890 --> 00:41:49,950
whatever you can, okay, and then go back into my YouTube
672
00:41:49,950 --> 00:41:54,840
channel. And you try to find any similarity whatsoever with
673
00:41:54,840 --> 00:41:57,390
that. It's the same thing that's happened when people
674
00:41:57,390 --> 00:42:01,440
started seeing me teaching me so Yeah, you're teaching what
675
00:42:01,440 --> 00:42:04,590
Chris Laurie teaches, because I use the term liquidity void
676
00:42:04,830 --> 00:42:07,410
that really picked up because there's a lot of students that
677
00:42:07,410 --> 00:42:11,010
were on baby pips. And when I talked about an imbalance,
678
00:42:11,040 --> 00:42:12,660
they were like, Oh, yeah, that's a liquidity void. I was
679
00:42:12,660 --> 00:42:14,310
like, Okay, well, if that's what you're familiar with them,
680
00:42:14,310 --> 00:42:17,010
we'll call it that. But they're actually price vacuums. And
681
00:42:17,010 --> 00:42:20,970
they existed before me. But a fair value gap is a very
682
00:42:20,970 --> 00:42:23,370
specific element. And you probably see that right here in a
683
00:42:23,370 --> 00:42:31,650
chart. The idea of price moving up from here to here, if you
684
00:42:31,650 --> 00:42:34,830
ask everyone in the trading university would say this was
685
00:42:34,830 --> 00:42:39,240
all buying pressure. When it's not over here, this old high
686
00:42:39,240 --> 00:42:42,300
here, there's by side liquidity resting above that, that
687
00:42:42,300 --> 00:42:44,970
means there's buyers that want to buy if it goes above that
688
00:42:44,970 --> 00:42:50,100
or stopped out at a loss for anyone that's going short. So
689
00:42:50,130 --> 00:42:52,290
that's what I mean when I say buy side liquidity when you
690
00:42:52,290 --> 00:42:54,600
see that above an old high or a specific level, like over
691
00:42:54,600 --> 00:42:57,570
here. He's relative equal highs in here. Relative equal
692
00:42:57,570 --> 00:42:59,730
highs, you don't hear that anywhere else. Except for the
693
00:42:59,730 --> 00:43:02,520
people that Copying off me now. I am ill and I am Academy
694
00:43:02,520 --> 00:43:06,930
and I markets live all those people. Yeah, frauds is what
695
00:43:06,930 --> 00:43:11,340
they are. So yeah, by liquidity, again by stocks that we
696
00:43:11,340 --> 00:43:13,860
receive that by some equity rescue above that.
697
00:43:14,250 --> 00:43:16,890
So when price is starting to here and starts to rally up,
698
00:43:17,160 --> 00:43:20,820
when it's going up like that what's actually occurring is
699
00:43:20,850 --> 00:43:26,280
the central banks are offering price higher. Now the buying
700
00:43:26,820 --> 00:43:28,830
that comes in the marketplace is forced if they're going to
701
00:43:28,830 --> 00:43:32,730
buy to buy at that price that's being offered. And as it
702
00:43:32,730 --> 00:43:36,090
gets filled the central bank prices again. So there's a
703
00:43:36,090 --> 00:43:40,710
mechanism that causes price to start spooling, it means it
704
00:43:40,710 --> 00:43:43,650
starts spreading Higher, higher or going lower, but it's
705
00:43:43,650 --> 00:43:48,930
basically gapping up every time a new transaction occurs.
706
00:43:49,230 --> 00:43:54,060
they're forced to buy at that price. So it's not not it's
707
00:43:54,060 --> 00:43:56,610
very you may be thinking I'm arguing semantics here, but I
708
00:43:56,610 --> 00:44:00,000
want you to really think about what I'm saying from this
709
00:44:00,000 --> 00:44:05,190
point here to above this high up in here. For the market to
710
00:44:05,190 --> 00:44:08,310
get to this price point, the central bank will keep offering
711
00:44:08,370 --> 00:44:10,770
a price higher and higher higher. And when it consolidates,
712
00:44:10,770 --> 00:44:13,770
it only goes down to a specific price level, which is again
713
00:44:13,770 --> 00:44:15,960
a fair value gap for an institutional order flow entry
714
00:44:15,960 --> 00:44:18,480
drill, which I'm not going to go into detail. But these are
715
00:44:18,480 --> 00:44:23,910
all my observations and creations. And I brought that to
716
00:44:23,910 --> 00:44:26,940
light. I gave that to the trading community. And it's
717
00:44:26,970 --> 00:44:33,090
highly, highly precise. And it's one sided. So you have to
718
00:44:33,090 --> 00:44:35,910
have a narrative understood, for it to work, otherwise
719
00:44:35,910 --> 00:44:38,130
you're gonna lose. And that's the reason why these 20 year
720
00:44:38,130 --> 00:44:40,110
olds can't do it. Because they don't know it. They just
721
00:44:40,110 --> 00:44:43,200
watched some videos that got on the fly. And they think they
722
00:44:43,200 --> 00:44:45,600
understand it because they watched it. It doesn't work that
723
00:44:45,600 --> 00:44:48,630
way. It's not a magic trick where you watch the sleight of
724
00:44:48,630 --> 00:44:51,420
hand, and then do it one time and then you understand it.
725
00:44:51,450 --> 00:44:54,330
It's not riding a bike either takes effort and you have to
726
00:44:54,330 --> 00:44:56,010
have more learning behind it.
727
00:44:57,330 --> 00:44:57,900
But this
728
00:44:58,650 --> 00:45:01,410
displacement that takes place Above this high here. That's
729
00:45:01,410 --> 00:45:04,440
because of the central bank offering price continuously
730
00:45:04,530 --> 00:45:10,350
higher. The buying, they don't offer it lower. To be you're
731
00:45:10,350 --> 00:45:13,560
told. It's the buying pressure it takes up it now it's the
732
00:45:13,560 --> 00:45:18,420
selling that's being offered at repricing. This is all a
733
00:45:18,420 --> 00:45:22,890
repricing model. Okay, all of this right here is a repricing
734
00:45:22,920 --> 00:45:25,890
it's repricing above this high, because they want that
735
00:45:25,890 --> 00:45:28,980
liquidity out. Why do they want this liquidity taken out?
736
00:45:29,040 --> 00:45:31,740
They want to purge the liquidity all this area here when it
737
00:45:31,740 --> 00:45:35,880
runs above that all the buy stops get hammered. If it's
738
00:45:35,880 --> 00:45:38,190
right above here, they're going to get hit it if it's up
739
00:45:38,190 --> 00:45:41,640
here in layered fashion. Okay, that means that they're going
740
00:45:41,640 --> 00:45:46,170
to see it send price higher to make sure all of the
741
00:45:46,440 --> 00:45:48,930
liquidity is taken out. And they really really ramp it up.
742
00:45:48,930 --> 00:45:51,780
And if you watch that community tab on my YouTube channel, I
743
00:45:51,780 --> 00:45:54,720
actually sent them a post right when it was trading here. I
744
00:45:54,720 --> 00:45:58,680
said, Alright, pay the trader. Now if you've been following
745
00:45:58,680 --> 00:46:01,650
me for any length of time, you You know that that's time to
746
00:46:02,310 --> 00:46:05,970
hit the ramps, you can take some money, get it off. My
747
00:46:05,970 --> 00:46:09,420
mentorship has been told that we were going to see this
748
00:46:09,510 --> 00:46:14,280
rally above, and we were talking about in March of 2020. And
749
00:46:14,280 --> 00:46:17,010
now here we are at the end of August just about and it
750
00:46:17,010 --> 00:46:21,270
finally hit this level and cleared it. If you look at August
751
00:46:21,270 --> 00:46:25,470
6, that's this high here. That's what this level is
752
00:46:25,470 --> 00:46:31,050
indicating. August 17, this level right here, what's
753
00:46:31,050 --> 00:46:34,890
actually occurring, the market breaks down below the 17th
754
00:46:34,890 --> 00:46:39,660
low and trades right back up into that order block. So it's
755
00:46:39,660 --> 00:46:43,290
the low of the August 17 daily candle. So the market trades
756
00:46:43,290 --> 00:46:48,030
up into that level here and starts to cascade lower. This
757
00:46:48,060 --> 00:46:52,440
overall fractal pattern is that market maker sell model.
758
00:46:52,530 --> 00:46:55,620
This is the Smart Money reversal. This is the purging of
759
00:46:55,620 --> 00:46:59,880
liquidity that was drawing price up all of these orders that
760
00:46:59,880 --> 00:47:02,520
were Buy side liquidity in order to buy stocks, think of it
761
00:47:02,520 --> 00:47:05,640
like that, whether it's buying on a breakout, or if it's
762
00:47:05,640 --> 00:47:10,530
buying a stop, that would protect a short position. So
763
00:47:10,590 --> 00:47:12,630
whenever you put a short position on, you put a buy stop on
764
00:47:12,630 --> 00:47:15,600
to protect it. If it goes up at a price point, you get
765
00:47:15,600 --> 00:47:17,970
stopped out either at a loss or wherever you had a trailing,
766
00:47:18,330 --> 00:47:21,840
stop protecting open profits. In this case, these
767
00:47:21,840 --> 00:47:24,240
individuals above here are thinking that this was
768
00:47:24,240 --> 00:47:27,510
resistance. So they go short here and put their stop loss up
769
00:47:27,510 --> 00:47:32,130
here. They ran that out. So what's actually occurring is the
770
00:47:32,130 --> 00:47:35,040
central banks are repricing higher, keeps offering Higher,
771
00:47:35,040 --> 00:47:37,140
higher higher, you have no choice if you're going to be a
772
00:47:37,140 --> 00:47:40,200
buyer. Or if you're in a short and you're getting squeezed.
773
00:47:40,500 --> 00:47:43,260
Where are you buying supplements if you're short here and
774
00:47:43,260 --> 00:47:46,980
even watching go up? If they want to protect your stop loss,
775
00:47:46,980 --> 00:47:50,790
what's happening? They're going to close their trade How are
776
00:47:50,790 --> 00:47:52,740
you gonna close the trade you have to buy it, gotta buy it
777
00:47:52,740 --> 00:47:56,910
back. So what's happening is every time it goes up any
778
00:47:56,910 --> 00:48:00,000
buying is forced to be buying at a higher price. Isn't
779
00:48:00,000 --> 00:48:04,350
Buying pressure know, the central banks are repricing higher
780
00:48:04,350 --> 00:48:07,950
and you're stuck, stuck getting in this squeeze that's
781
00:48:07,950 --> 00:48:12,480
called it's called a short squeeze. Okay, but that's not the
782
00:48:12,480 --> 00:48:18,480
logic in its purest sense. The pure sense is, this is a long
783
00:48:18,480 --> 00:48:22,680
term level that we've been eyeing since March of 2020. And
784
00:48:22,680 --> 00:48:26,640
if you look at a daily chart, just look for equal highs, and
785
00:48:26,640 --> 00:48:30,600
you'll find them. But in here, the market rallies up through
786
00:48:30,600 --> 00:48:34,290
that and all that by side liquidity becomes market orders to
787
00:48:34,290 --> 00:48:38,940
buy the marketplace. So what is the algorithm doing? It's
788
00:48:38,940 --> 00:48:44,190
setting the tone for a flood of counterparties for smart
789
00:48:44,190 --> 00:48:48,570
money to go short. All those buyers that are willing to buy
790
00:48:48,570 --> 00:48:53,280
at a higher price than this high here. All of this is
791
00:48:53,280 --> 00:48:56,280
perfect opportunity for smart money to be going short.
792
00:48:56,580 --> 00:48:58,650
They're going to get really good placement in the short
793
00:48:58,650 --> 00:49:01,890
positions. Then the market trades in here and hits the mean
794
00:49:01,890 --> 00:49:05,160
threshold of the 60 minute order block. I'll drop down to a
795
00:49:05,160 --> 00:49:07,770
60 minute in a moment. But that's what all this level is
796
00:49:07,770 --> 00:49:10,500
here. multiple opportunities to get in here, short, short,
797
00:49:10,500 --> 00:49:13,050
short, short, short. And this is a bull flag to retail
798
00:49:13,050 --> 00:49:16,260
traders, but it's a false flag, I teach that it breaks down
799
00:49:16,260 --> 00:49:20,940
back below the August 6 high. When the price breaks down
800
00:49:20,940 --> 00:49:24,300
like that, it creates a bounced price range. Now remember
801
00:49:24,300 --> 00:49:26,370
all these terms, because this is actually things that I
802
00:49:26,370 --> 00:49:28,770
teach in my mentorship. I'm not going to go through all the
803
00:49:28,770 --> 00:49:31,080
details of what makes it a balanced price range, but these
804
00:49:31,080 --> 00:49:33,900
are all things you absolutely learn. And it's not in any
805
00:49:33,900 --> 00:49:39,720
other theory or price action, retail, it's all nothing like
806
00:49:39,720 --> 00:49:42,330
this exists. Okay, anywhere else out side of what I teach.
807
00:49:43,770 --> 00:49:47,430
The algorithm is not going to go higher than this high here
808
00:49:47,430 --> 00:49:49,830
once we break down and create a fair value. fair value gap
809
00:49:49,830 --> 00:49:53,430
is a small little area where markets trade imbalance and
810
00:49:53,430 --> 00:49:55,830
this happens to be a sippy sellside unbalanced by seven
811
00:49:55,830 --> 00:49:59,340
efficiency. It's not meant for you to understand every bit
812
00:49:59,340 --> 00:50:01,440
of it on this game. These are all terms, these are all
813
00:50:01,440 --> 00:50:06,810
things that's going on here after the turn, okay, so all of
814
00:50:06,810 --> 00:50:10,230
this move here, all this move here where it rallies up in
815
00:50:10,230 --> 00:50:13,230
smartline, reversal, low risk cell, low risk cell
816
00:50:13,260 --> 00:50:16,230
redistribution and trace down to the regional consolidation.
817
00:50:16,620 --> 00:50:20,190
Remember that fractal I showed you with the market maker
818
00:50:20,190 --> 00:50:25,440
sell model, the original consolidation is the target. So all
819
00:50:25,440 --> 00:50:29,160
of this here, buyers are being forced to buy at a higher
820
00:50:29,160 --> 00:50:31,200
price. And it keeps going higher buying, buying, buying,
821
00:50:31,200 --> 00:50:35,940
buying, buying. So what's going on, they're buying either
822
00:50:35,940 --> 00:50:38,190
being squeezed out of their shorts or buying it with the
823
00:50:38,190 --> 00:50:40,680
expectation is going to keep going higher, then it hits this
824
00:50:40,680 --> 00:50:45,180
area here and we have capitulation. Where all this is
825
00:50:45,210 --> 00:50:48,060
obvious. And this is where everybody falls in love on social
826
00:50:48,060 --> 00:50:51,480
media and thinks that euros now a good time to buy. So they
827
00:50:51,480 --> 00:50:54,810
start chasing it there. So there's more people coming in.
828
00:50:54,840 --> 00:50:58,110
That's why they hold it here. The algorithm stays in this
829
00:50:58,110 --> 00:51:01,770
area. Now before the markets change. into an electronic
830
00:51:01,770 --> 00:51:04,680
format where really nobody manually does too much anymore,
831
00:51:04,680 --> 00:51:09,450
but it does sometimes occur. The actual market makers that
832
00:51:09,450 --> 00:51:13,140
would reprice, the currencies that used to be a group of men
833
00:51:13,140 --> 00:51:15,900
that would do it, they would hold price just like you see it
834
00:51:15,900 --> 00:51:19,140
here. And it would be in a defined range. And that range is
835
00:51:19,140 --> 00:51:22,680
defined by that order block. Now, the order block isn't what
836
00:51:22,980 --> 00:51:28,080
I was trained order block is a theory that I coined, that
837
00:51:28,080 --> 00:51:31,770
was very, very close to what I learned about how the central
838
00:51:31,770 --> 00:51:37,260
banks price in and book these currencies. There, isn't it I
839
00:51:37,260 --> 00:51:39,510
know you're gonna be wanting to send me emails and such, you
840
00:51:39,510 --> 00:51:42,270
know, where did you learn this at What book? Did you learn
841
00:51:42,270 --> 00:51:44,160
it from? Who was the person that taught you blah, blah,
842
00:51:44,160 --> 00:51:48,180
blah, that none of that stuff is it? It's not open public
843
00:51:48,210 --> 00:51:51,990
information. I have made it public information as close as I
844
00:51:51,990 --> 00:51:55,590
can. But there's a threshold I can't cross. Just like my
845
00:51:55,590 --> 00:52:00,000
students have a NDA. Most of them uphold to it but others
846
00:52:00,000 --> 00:52:03,270
Few of them to happen. And you know, you're always going to
847
00:52:03,270 --> 00:52:06,450
have that there's consequences come with that. And I don't
848
00:52:06,450 --> 00:52:09,990
want to cross the line that has been set for me too. So I
849
00:52:09,990 --> 00:52:15,720
get warned a lot. Okay, I get warned a lot, and I knew how
850
00:52:15,720 --> 00:52:20,640
far I can go. So the things that I have shared, and the
851
00:52:20,640 --> 00:52:23,850
things I haven't taught yet are as far as I'm gonna go,
852
00:52:24,030 --> 00:52:26,850
because you're just not supposed to know these things. And
853
00:52:27,210 --> 00:52:29,400
if that sounds like a tinfoil hat conspiracy, you want to
854
00:52:29,400 --> 00:52:31,980
turn the video off. I understand. Take care, good luck, good
855
00:52:31,980 --> 00:52:35,880
trading, but that's just the honesty. When you look at price
856
00:52:35,880 --> 00:52:38,670
when it trades above this old high and it floods the market
857
00:52:38,670 --> 00:52:43,050
by liquidity and smart money's wanting to go short. Also
858
00:52:43,050 --> 00:52:48,420
count every time that the market was offered here in large
859
00:52:48,420 --> 00:52:51,060
traders, not just every retail trader out there, but large
860
00:52:51,060 --> 00:52:54,300
traders may be going into the marketplace going long here
861
00:52:54,300 --> 00:52:58,680
too. So it those times when the market is being offered, and
862
00:52:58,680 --> 00:53:04,980
when a large side Or sighs of position, the bank will assume
863
00:53:04,980 --> 00:53:10,230
that risk. Now it doesn't always do it. But generally, it
864
00:53:10,260 --> 00:53:14,760
will do it when it's opportunity for them to make money. Now
865
00:53:14,760 --> 00:53:16,800
you probably think, oh, central banks don't do that. Well,
866
00:53:16,860 --> 00:53:20,760
listen, you don't know you're talking about. I do. And I
867
00:53:20,760 --> 00:53:24,840
proved this every single week, every instance where they
868
00:53:24,840 --> 00:53:27,390
were Counterparty to anyone that was buying here because to
869
00:53:27,390 --> 00:53:30,120
be a buyer, you have to have someone sell it to you. So
870
00:53:30,120 --> 00:53:33,900
who's selling it to them who's selling it all this rally up
871
00:53:35,220 --> 00:53:39,840
the bank. So every time they're offering the liquidity to do
872
00:53:39,840 --> 00:53:43,680
that those positions are underwater just for a short period
873
00:53:43,680 --> 00:53:49,470
of time. When those positions become net positive over here,
874
00:53:50,790 --> 00:53:55,680
they're aiming to get out here. So there's a core position
875
00:53:55,740 --> 00:54:00,000
in here that will be basically mark to market at no profit.
876
00:54:00,000 --> 00:54:04,620
No loss. At some point when it gets over here. Over here,
877
00:54:04,800 --> 00:54:06,990
they're going to, they're going to attack the original
878
00:54:06,990 --> 00:54:11,520
buyers over here. So, all this buying all the buyers in
879
00:54:11,520 --> 00:54:14,610
here, their Counterparty is the bank that bank
880
00:54:14,640 --> 00:54:17,340
will get its money back and then profit when it goes down
881
00:54:17,340 --> 00:54:21,150
here. Every position that they offered sells liquidity to
882
00:54:21,180 --> 00:54:24,180
here and all through here they match that with the buyers,
883
00:54:24,600 --> 00:54:29,850
this flood of buy stocks that get purged. This purging of
884
00:54:29,850 --> 00:54:33,810
that buy side liquidity becomes a massive short position.
885
00:54:34,110 --> 00:54:37,890
That Yes, they took on position risk here by offering
886
00:54:37,890 --> 00:54:41,760
Counterparty sellside liquidity to buyers. It's not buying
887
00:54:41,760 --> 00:54:45,540
pressure. Again, it's not buying pressure. They were in
888
00:54:45,540 --> 00:54:48,210
control of price the entire time it was going up that sell
889
00:54:48,210 --> 00:54:52,350
side delivery. Sell side delivery repricing model that takes
890
00:54:52,350 --> 00:54:54,570
out by side liquidity guess what you just learned to real
891
00:54:54,570 --> 00:54:57,450
things that comes from the central bank's those words.
892
00:54:57,480 --> 00:55:01,950
They're the real things You don't want to hear those things
893
00:55:01,950 --> 00:55:05,820
though. You want to hear bullish divergence, MACD crossovers
894
00:55:05,820 --> 00:55:11,850
and harmonic that patterns. Because that sounds cool. It's
895
00:55:11,850 --> 00:55:15,090
the boring truth. That's how these markets work. Okay, so
896
00:55:15,120 --> 00:55:17,130
the sell side liquidity that's matched with the buy side
897
00:55:17,130 --> 00:55:21,840
liquidity being purged here, that position overtakes any of
898
00:55:21,840 --> 00:55:25,710
the short term adversities they assumed here. And all this
899
00:55:25,710 --> 00:55:27,990
model going lower and repricing below the original
900
00:55:27,990 --> 00:55:31,500
consolidation, that is my market maker sell model. That's
901
00:55:31,500 --> 00:55:34,680
how markets book. That's the fractal that unfolds all
902
00:55:34,680 --> 00:55:37,500
timeframes all the time. And depending on what type of
903
00:55:37,500 --> 00:55:39,360
trader you are, you could be a buyer here and you sell out
904
00:55:39,360 --> 00:55:41,820
here and that's your trade. That's your model. Or you can
905
00:55:41,820 --> 00:55:43,920
look at this area here and sell short and say okay, once it
906
00:55:43,920 --> 00:55:46,800
gets below this first swing low here, out there, and I'm
907
00:55:46,800 --> 00:55:48,930
going to miss all this move or I'm going to wait for this
908
00:55:48,930 --> 00:55:53,520
move here, which is what this is the easiest last ditch
909
00:55:54,000 --> 00:55:58,890
opportunity to go short. Now it's gonna look like all this
910
00:55:58,890 --> 00:56:02,190
stuff was this hindsight. Like, you know, I'm making it work
911
00:56:02,190 --> 00:56:05,700
right now. And this level offered no real visibility prior
912
00:56:05,700 --> 00:56:08,040
to it actually falling down. Okay, I'm going to actually go
913
00:56:08,040 --> 00:56:10,800
into my mentorship forum, click on a video that I did on the
914
00:56:10,800 --> 00:56:15,120
19th of August 2020. And I'm gonna scrub over to the part
915
00:56:15,120 --> 00:56:16,770
where I talked about how it's going to go right below here.
916
00:56:17,400 --> 00:56:20,460
Okay, so I'm not gonna play the whole video, but I'm going
917
00:56:20,460 --> 00:56:22,800
to show you in my mentorship students, they all know that
918
00:56:22,830 --> 00:56:25,500
it's in there, too. They can go to that seven minute mark in
919
00:56:25,500 --> 00:56:28,860
three seconds. And you'll see it's right there. I actually
920
00:56:28,860 --> 00:56:32,730
outlined some of the scenarios that would lead to a shorting
921
00:56:32,730 --> 00:56:37,530
opportunity that would go here. Okay, so while I'm not a
922
00:56:37,530 --> 00:56:40,620
signal service, I'm not holding your hand saying buy here,
923
00:56:40,620 --> 00:56:42,900
sell here, but your stock here, I'm not. I'm not doing it. I
924
00:56:42,900 --> 00:56:46,320
do it once in a while for exercises and for homework for
925
00:56:46,320 --> 00:56:49,590
individuals that are in my group that want to practice a
926
00:56:49,590 --> 00:56:52,620
specific way of trading. We were bullish. I said the first
927
00:56:52,620 --> 00:56:56,880
half of this past week on the previous Friday. I said that
928
00:56:56,880 --> 00:56:59,460
we would go up we run this area here and we will be bullish
929
00:56:59,460 --> 00:57:03,120
for the first half. Week. And then once I got that I took
930
00:57:03,120 --> 00:57:05,010
off Thursday, I didn't worry about doing you guys didn't
931
00:57:05,010 --> 00:57:09,900
hear from me. I was nursing my shoulder and my back and just
932
00:57:09,900 --> 00:57:13,260
relaxed. And Thursday was an ugly day. And then Friday, we
933
00:57:13,260 --> 00:57:15,420
went right into the level outlined on my Wednesday midweek
934
00:57:15,420 --> 00:57:20,190
review. So again, I can forecast this stuff and using all
935
00:57:20,190 --> 00:57:23,070
the things that I'm showing you here, but none of these
936
00:57:23,070 --> 00:57:27,720
things are wycoff. This last candle right here, let me take
937
00:57:28,980 --> 00:57:33,600
this off axis change to a different color. All right, you
938
00:57:33,600 --> 00:57:37,650
see that green candle right here. That is a bearish order
939
00:57:37,650 --> 00:57:45,450
block. It's part of the buy side of the curve, the curve is
940
00:57:45,780 --> 00:57:49,740
the highest point of the market maker, some model or the
941
00:57:49,740 --> 00:57:53,100
lowest point in the market maker by model. So when you put
942
00:57:53,100 --> 00:57:57,540
that vertical line on there, and you delineate that on a
943
00:57:57,540 --> 00:58:01,170
market maker, sell model everything to the left The curve is
944
00:58:01,170 --> 00:58:02,490
all by sight oriented.
945
00:58:04,710 --> 00:58:08,040
The Counterparty is not what you have to think like the
946
00:58:08,040 --> 00:58:12,000
bank. All of this on the backside of curve is them offering
947
00:58:12,000 --> 00:58:15,450
sell side liquidity to buyers, everything to the right of
948
00:58:15,450 --> 00:58:21,090
the curve on the sell side delivering is them buying back.
949
00:58:21,480 --> 00:58:25,770
So anything that's going down the central banks buying back,
950
00:58:26,220 --> 00:58:29,130
but it has to happen at specific levels and they're going to
951
00:58:29,130 --> 00:58:33,840
add to new shorts. When it goes to other levels. Everything
952
00:58:33,870 --> 00:58:37,140
on the curve on the left side has to match up on the right.
953
00:58:37,590 --> 00:58:40,260
Guess what, you don't see that on white coffee there. You
954
00:58:40,260 --> 00:58:43,380
don't see that anywhere else. everything that goes on over
955
00:58:43,380 --> 00:58:46,560
here as a buy becomes a sell over here. Oh, that's standard
956
00:58:46,560 --> 00:58:49,470
support resistance. Oh, it's a flip blown nuts. So so and so
957
00:58:49,470 --> 00:58:53,940
and so now it's not, not to the point of every single PIP is
958
00:58:53,940 --> 00:58:58,530
being identical. everything lines up perfectly. And here's
959
00:58:58,530 --> 00:59:02,760
the rub all This occurs based on time and price. So I know
960
00:59:02,760 --> 00:59:06,540
the level that I'm looking for. But I also know the day and
961
00:59:06,540 --> 00:59:09,540
the time it's going to occur because the algorithm is
962
00:59:09,720 --> 00:59:14,430
programmed to do that all this delivery of price happens
963
00:59:14,490 --> 00:59:20,280
based on a time and price algorithm. That is the interbank
964
00:59:20,280 --> 00:59:23,820
price delivery algorithm. It is a real thing, folks, whether
965
00:59:23,820 --> 00:59:27,420
you want to believe it or not, it is okay. And the bottom
966
00:59:27,420 --> 00:59:31,110
line is this. It's programmed in such a way that it repeats
967
00:59:31,140 --> 00:59:34,740
over and over again these specific macros. Now, macro is a
968
00:59:34,740 --> 00:59:40,680
short list of operations that goes into operation when a
969
00:59:40,680 --> 00:59:45,780
specific set of criteria is met. Or if a specific criteria
970
00:59:46,230 --> 00:59:53,160
is change manually or based on a economic driver that may be
971
00:59:53,160 --> 00:59:59,040
coming out on the calendar. It will cause changes in the
972
00:59:59,040 --> 01:00:01,620
algorithm will change gears And go different direction or
973
01:00:01,680 --> 01:00:06,360
operate in a different manner. But a macro is like this.
974
01:00:06,630 --> 01:00:10,860
Okay, when the market trades up, hits this last close candle
975
01:00:10,860 --> 01:00:16,650
here, that is not a supply and demand zone. Okay? It's not a
976
01:00:16,680 --> 01:00:22,920
harmonic pattern. It's not a myriad of other things that
977
01:00:22,920 --> 01:00:26,130
could if you just looked at this box or looked at the
978
01:00:26,250 --> 01:00:28,530
element of using a fib laid over top of it, oh, it's this,
979
01:00:28,530 --> 01:00:32,430
it's that the times this is one of the biggest discoveries I
980
01:00:32,430 --> 01:00:36,900
had. The times that I found that my retail ideas because I
981
01:00:36,900 --> 01:00:39,600
started to really teach retail trader to folks, I've learned
982
01:00:39,660 --> 01:00:43,710
all the stuff that you're bogged down with two indicators,
983
01:00:43,710 --> 01:00:50,070
moving averages. Whatever it is, okay. I've done all that
984
01:00:50,220 --> 01:00:52,230
point and figure charts you don't hear much about that
985
01:00:52,230 --> 01:00:55,860
anymore. But back in the days that's, that was a thing, but
986
01:00:56,130 --> 01:00:58,620
I never figured out how to use them but I'm sure there's
987
01:00:58,620 --> 01:01:01,350
books out there that says this is Do it but it never worked
988
01:01:01,350 --> 01:01:06,450
for me. But when I discovered how these markets are really
989
01:01:06,450 --> 01:01:10,740
booking price, when that happened, I could see when retail
990
01:01:10,740 --> 01:01:14,940
ideas would work. And I could also see when they're going to
991
01:01:14,940 --> 01:01:19,650
fail. And I discovered that when these environments create
992
01:01:19,920 --> 01:01:24,330
the opportunity for the retail ideas to be very clear in
993
01:01:24,330 --> 01:01:27,420
their perception of what price may do, and then I have the
994
01:01:27,420 --> 01:01:30,210
real X ray view of what the markets really going to do.
995
01:01:30,930 --> 01:01:33,900
That's the trades I really want to load up on. Because they
996
01:01:33,900 --> 01:01:38,520
are the ones that just take me by surprise because nothing
997
01:01:38,520 --> 01:01:40,560
really lines up in their school of thought and now think
998
01:01:40,560 --> 01:01:44,940
about it like this. Does Elliott Wave supplying the man
999
01:01:47,040 --> 01:01:55,140
wycoff Dow Theory, do all of those agree at all times. No.
1000
01:01:56,580 --> 01:01:58,860
Don't take my word for it. Go and start doing a case study
1001
01:01:58,860 --> 01:02:02,340
on it. And you'll see One theory looks like it's working one
1002
01:02:02,340 --> 01:02:05,880
time another theory, or two maybe working in conjunction or
1003
01:02:05,880 --> 01:02:08,670
it looks like it's working. And in other times none of those
1004
01:02:08,670 --> 01:02:10,650
things are working but the markets doing some big moves,
1005
01:02:10,650 --> 01:02:14,400
what's current? So the question always was, and I posed this
1006
01:02:14,400 --> 01:02:21,330
all the time on Twitter, which theory of market do driver is
1007
01:02:21,360 --> 01:02:23,850
really pushing the market around this week? Is it harmonic
1008
01:02:23,850 --> 01:02:27,210
pattern? Is it Elliott Wave? It's it's appalling, man. So
1009
01:02:27,240 --> 01:02:32,850
the real joke is you have to figure out not only what
1010
01:02:32,850 --> 01:02:35,820
direction the markets gonna go, but what school of thought
1011
01:02:35,850 --> 01:02:38,670
it's going to follow. If it's retail logic that moves and
1012
01:02:38,670 --> 01:02:41,580
pulls price around. And then when you take a step back and
1013
01:02:41,580 --> 01:02:44,820
say, okay, all of that is now it's nonsense. All of it is
1014
01:02:45,150 --> 01:02:48,690
indicators, all that stuff is just garbage.
1015
01:02:49,260 --> 01:02:53,550
And that's what makes me controversial because I'm here, not
1016
01:02:53,550 --> 01:02:58,170
with the will to be adversarial. I'm not trying to be
1017
01:02:58,170 --> 01:03:02,280
adversarial. Okay. I want to open your eyes to what is
1018
01:03:02,280 --> 01:03:06,180
really going on. And the only way I do this in history was
1019
01:03:06,180 --> 01:03:10,200
to piss people off. People went into my stuff thinking,
1020
01:03:10,230 --> 01:03:12,570
Okay, I'm going to prove that this guy doesn't only stop me,
1021
01:03:12,600 --> 01:03:14,580
I'm going to put my school of thought up against it, and
1022
01:03:14,580 --> 01:03:17,970
then all of a sudden, they're converted. Because once they
1023
01:03:17,970 --> 01:03:22,680
see the data, once they see it, and they are forced to
1024
01:03:22,680 --> 01:03:26,820
contend with it, they don't have to believe in me. They have
1025
01:03:26,820 --> 01:03:31,050
to believe the data. And the data says, retail is lost.
1026
01:03:32,160 --> 01:03:35,880
They're doing things in the fog, they have no idea that
1027
01:03:35,880 --> 01:03:38,310
they're confused. They have no idea what they're doing. They
1028
01:03:38,310 --> 01:03:41,790
put so much faith into these instruments in these
1029
01:03:41,790 --> 01:03:45,630
mathematically derived calculations that have no bearing
1030
01:03:45,630 --> 01:03:49,050
whatsoever on what the central bank is going to do about
1031
01:03:49,050 --> 01:03:52,740
price. Now, it's not limited to central banks and
1032
01:03:52,740 --> 01:03:56,760
currencies. The same stuff occurs in the commodity market,
1033
01:03:57,330 --> 01:04:01,380
occurs in stocks, and I think Eventually, we'll be the
1034
01:04:01,560 --> 01:04:05,310
underlying drivers also in crypto markets, their signatures
1035
01:04:05,310 --> 01:04:08,790
that come in play once in a while with crypto. But the
1036
01:04:08,790 --> 01:04:11,730
reason why I don't touch it is because it doesn't have the
1037
01:04:11,730 --> 01:04:15,480
consistency. Whereas forex I know this thing like a Swiss
1038
01:04:15,480 --> 01:04:18,900
timepiece, in it sounds arrogant to say stuff like that. And
1039
01:04:18,900 --> 01:04:24,990
here it says the truth, folks. The first thing comes to mind
1040
01:04:24,990 --> 01:04:27,330
is if you knew all this, why aren't you a billionaire? You
1041
01:04:27,330 --> 01:04:29,220
know, why don't you the richest person in the world going to
1042
01:04:29,220 --> 01:04:34,530
disappoint you to that? I have a lot of limitations placed
1043
01:04:34,530 --> 01:04:37,890
on me that you aren't going to know about. So I operate in
1044
01:04:37,890 --> 01:04:43,620
limitations that I have. And I go as far as I can. And in
1045
01:04:43,620 --> 01:04:46,620
the past, I've tried to stretch them and I got smacked.
1046
01:04:46,920 --> 01:04:51,870
Okay, so I do as much as I possibly can. And when I get
1047
01:04:51,870 --> 01:04:55,890
warned, then I just dial it back. But the point is this when
1048
01:04:55,890 --> 01:04:58,920
you start studying price, and you start looking for the
1049
01:04:58,920 --> 01:05:01,800
curve, which is The highest point and sorry, cell model,
1050
01:05:02,850 --> 01:05:06,000
everything to the left has to match up on the right hand
1051
01:05:06,000 --> 01:05:11,190
side. Okay? When we look at a brief discussion of wycoff,
1052
01:05:11,220 --> 01:05:13,830
you're going to see none of these things over here are
1053
01:05:13,830 --> 01:05:18,570
described in like off. Now he'll talk about in his, in this
1054
01:05:18,570 --> 01:05:23,700
theory, we'll mention like last point of supply or something
1055
01:05:23,700 --> 01:05:28,200
that add effect. And it's always something to happen that's
1056
01:05:28,440 --> 01:05:33,030
explained. Now when I teach imbalances, and I teach fair
1057
01:05:33,030 --> 01:05:35,190
value gaps, and I teach institutional order flow entry
1058
01:05:35,190 --> 01:05:38,850
drills, and I teach breakers, my teach order blocks, the
1059
01:05:38,850 --> 01:05:41,190
mean threshold, which is the midpoint of an order block or
1060
01:05:41,190 --> 01:05:44,280
consequently current, which is the midpoint of a gap. Those
1061
01:05:44,280 --> 01:05:48,930
things, okay, are very specific. They don't always exist in
1062
01:05:48,930 --> 01:05:52,320
the price action, but the ones that do, that's your
1063
01:05:52,320 --> 01:05:56,520
signature. So it's not, it's not contrived, hindsight
1064
01:05:56,520 --> 01:05:59,340
lipstick that finds its way into an example and it makes me
1065
01:05:59,340 --> 01:06:03,480
look smart on YouTube. That's not the point here. The point
1066
01:06:03,480 --> 01:06:08,100
is the things that are here are mine. And they're not logic
1067
01:06:08,100 --> 01:06:10,980
that's leaning on any other thing specifically in this
1068
01:06:10,980 --> 01:06:15,720
discussion wycoff. Now there's channels out there that have
1069
01:06:15,750 --> 01:06:20,070
been crediting. I am Academy and I markets live. And they
1070
01:06:20,070 --> 01:06:24,180
are busy right now still Hawking my concepts and for the
1071
01:06:24,180 --> 01:06:27,570
most part, haven't even really changed the names. So they're
1072
01:06:27,570 --> 01:06:30,360
in trouble. They don't realize how much trouble they're in,
1073
01:06:30,360 --> 01:06:33,630
but they are in some trouble. But they don't even teach it
1074
01:06:33,630 --> 01:06:40,860
right. Okay, so at some point, you know, people looking at
1075
01:06:40,860 --> 01:06:44,070
that, and if they end up coming to my channel late, okay,
1076
01:06:44,070 --> 01:06:46,890
maybe they were introduced to those clowns first, and then
1077
01:06:46,890 --> 01:06:52,590
they came here. Oh, you're trading like so. And so? No, I'm
1078
01:06:52,590 --> 01:06:55,650
trading the way I trade and everybody else has learned this
1079
01:06:55,650 --> 01:06:59,010
from me. You may not have learned it directly from my video.
1080
01:06:59,010 --> 01:07:02,790
You probably had some What else parrot what I've seen in my
1081
01:07:02,790 --> 01:07:06,210
examples in trades and I show why I did what I did. And then
1082
01:07:06,210 --> 01:07:09,000
they make a video day later saying this is what I did. This
1083
01:07:09,000 --> 01:07:11,220
is the trade I took but they don't have any stats showing it
1084
01:07:11,610 --> 01:07:14,430
That's what I'm saying you have to ask these people to step
1085
01:07:14,430 --> 01:07:17,070
forward and say hey look, I don't need to see a my FX book
1086
01:07:17,190 --> 01:07:19,050
because I personally don't care about a my effects book. I
1087
01:07:19,050 --> 01:07:22,290
want someone to show me executions in it don't have to be a
1088
01:07:22,290 --> 01:07:25,350
Live account. Do another demo, dude on this paper trading
1089
01:07:25,350 --> 01:07:28,470
application on trading view. But why won't they do it?
1090
01:07:28,830 --> 01:07:33,120
Because they cannot. They can only dress the chart up in
1091
01:07:33,120 --> 01:07:35,460
hindsight, which leads me to where we are right now.
1092
01:07:37,440 --> 01:07:40,020
When we look at the sell side of the curve on the market
1093
01:07:40,020 --> 01:07:43,590
maker sell model, okay, everything over here like this area
1094
01:07:43,590 --> 01:07:47,580
here. All these down close candles. That was smart money
1095
01:07:47,580 --> 01:07:50,100
buying them when they read price down like that they're
1096
01:07:50,100 --> 01:07:53,880
accumulating long positions. They're going to take some an
1097
01:07:53,880 --> 01:07:56,460
offset that up here. They know where the price is going to
1098
01:07:56,460 --> 01:07:58,620
go because they're in control the price How do I know
1099
01:07:58,620 --> 01:08:00,750
they're in control of price, the same reasons I said in
1100
01:08:00,750 --> 01:08:03,060
March that they were going to take price up here eventually,
1101
01:08:03,120 --> 01:08:06,090
at what point in time in March, I didn't know that but as we
1102
01:08:06,090 --> 01:08:08,280
got closer and closer to August, I knew exactly when that's
1103
01:08:08,280 --> 01:08:10,650
going to happen. And so previous Friday, I said to my group,
1104
01:08:11,370 --> 01:08:13,710
the first half of the week were bullish, and we're going to
1105
01:08:13,710 --> 01:08:16,470
see price go above here. And dollar is going to go down to
1106
01:08:16,500 --> 01:08:19,170
the level I said it was going to go to and it did both. And
1107
01:08:19,260 --> 01:08:23,760
cable do the same thing. Now, when you're outside the loop
1108
01:08:23,760 --> 01:08:25,980
or your first time here, or if you're just a very cynical
1109
01:08:25,980 --> 01:08:27,480
person, you hear the answer. Oh, yeah. Okay, there's an
1110
01:08:27,480 --> 01:08:30,060
improved I suppose. There's no substance to that except for
1111
01:08:30,060 --> 01:08:33,600
your word. How should I just take that word and and trust
1112
01:08:33,600 --> 01:08:39,120
it? Okay, well keep that in mind. The bearish order block,
1113
01:08:39,510 --> 01:08:43,740
when price trades down, down, down and then Rams right back
1114
01:08:43,740 --> 01:08:49,200
up into the August 17. Low. It hits the order block here
1115
01:08:49,590 --> 01:08:52,860
doesn't go any higher than that. And at one o'clock in the
1116
01:08:52,860 --> 01:08:59,130
morning, Friday, August 21. Two market creates the high of
1117
01:08:59,130 --> 01:09:03,720
the day. Then reprice is aggressively below here. What's
1118
01:09:03,720 --> 01:09:07,980
below here, sell side liquidity just like this. So the
1119
01:09:07,980 --> 01:09:11,550
positions that they sold short and acting as Counterparty
1120
01:09:11,550 --> 01:09:15,840
here. And when he flooded the market with buy side
1121
01:09:15,840 --> 01:09:19,110
liquidity, all these buy stocks became a massive, big
1122
01:09:19,110 --> 01:09:22,650
opportunity to match up shorts. And you would get easily in
1123
01:09:22,650 --> 01:09:25,890
the marketplace at high prices. They're taking some partials
1124
01:09:25,890 --> 01:09:28,200
off here, they're offsetting that. So what's their profit
1125
01:09:28,200 --> 01:09:31,770
when it gets to this candle here. All the selling that did
1126
01:09:31,770 --> 01:09:34,230
here and all the selling it in here. Now they're not going
1127
01:09:34,230 --> 01:09:36,750
to get it all off. Because there's been a lot of buying
1128
01:09:36,750 --> 01:09:38,790
that's been taking place in here, but that's not the
1129
01:09:38,790 --> 01:09:44,010
catalyst that lent price up here. It's this liquidity that
1130
01:09:44,010 --> 01:09:48,780
they drew up on, that's where the markets gonna go. When the
1131
01:09:48,780 --> 01:09:51,630
market starts to reprice lower, when it goes below this low
1132
01:09:51,630 --> 01:09:55,590
here, that area of sell stops or sell side liquidity is
1133
01:09:55,590 --> 01:09:59,850
perfect for them to do what to buy it back to get out of the
1134
01:09:59,850 --> 01:10:03,840
street. Words. So how do you have a ideal scenario if you're
1135
01:10:03,840 --> 01:10:06,330
short to get out, you have to buy it. But what's the ideal
1136
01:10:06,330 --> 01:10:09,750
scenario, buying it at a lower price and you got in it, what
1137
01:10:09,750 --> 01:10:13,020
better places to buy below an old low and that's what's
1138
01:10:13,020 --> 01:10:16,020
occurring here. Then price expands lower and reaches down
1139
01:10:16,020 --> 01:10:20,910
into equilibrium. All this consolidation equilibrium, and
1140
01:10:20,910 --> 01:10:23,670
below the original consolidation, which is the original draw
1141
01:10:23,670 --> 01:10:26,340
on liquidity that started all this market maker sell model.
1142
01:10:26,700 --> 01:10:29,760
That's not like our folks. As much as you want to do
1143
01:10:29,760 --> 01:10:33,420
acrobatics to try to twist it around you young men. It's not
1144
01:10:33,780 --> 01:10:37,320
an anyone that spends any time please. If you doubt me,
1145
01:10:37,590 --> 01:10:40,950
study wycoff. Then come back to this YouTube channel and
1146
01:10:40,950 --> 01:10:45,720
look at my things and there's absolutely nothing, nothing
1147
01:10:45,780 --> 01:10:50,250
here that lines up with wycoff zero, zilch. Nada doesn't
1148
01:10:50,250 --> 01:10:54,120
exist. So let's go over to the internet real quick. All
1149
01:10:54,120 --> 01:10:57,750
right, so here's the channel that guys like to go to and try
1150
01:10:57,750 --> 01:11:03,270
to make a case that ICT wycoff rip off. This is a gentleman
1151
01:11:03,300 --> 01:11:06,630
Richard Wyckoff, rest in peace. But I'm not trying to be
1152
01:11:06,630 --> 01:11:08,910
disrespectful to the man, even though it was a younger man.
1153
01:11:09,750 --> 01:11:13,560
I'm not trying to do that here. I do believe that, just like
1154
01:11:13,560 --> 01:11:16,350
I've said this in the past, I said that people that trade
1155
01:11:16,350 --> 01:11:19,500
supply and demand art, learn how to trade with supply and
1156
01:11:19,500 --> 01:11:19,920
demand
1157
01:11:21,600 --> 01:11:26,940
is a good starting point. Okay. wycoff introduces some
1158
01:11:26,940 --> 01:11:31,290
theory. But those theories are flawed because it's based on
1159
01:11:31,770 --> 01:11:36,210
buying and selling pressure, okay, or volume in the sense
1160
01:11:36,210 --> 01:11:40,860
that way, he's introducing volume here. I don't subscribe to
1161
01:11:40,860 --> 01:11:43,140
that. Okay. And you're really not going to get a true volume
1162
01:11:43,170 --> 01:11:45,630
depiction in the foreign exchange market anyway, because
1163
01:11:45,900 --> 01:11:48,720
you're just not going to see all the volume. So you can't
1164
01:11:48,720 --> 01:11:52,770
really attribute your success in trying to repackage my
1165
01:11:52,770 --> 01:11:56,280
stuff with wycoff because it's very dependent on volume. So
1166
01:11:56,640 --> 01:11:58,650
anyway, let's go through here real quick and I'll get to the
1167
01:11:58,650 --> 01:12:01,320
nuts and bolts, all this stuff. hear yourself if you're
1168
01:12:01,320 --> 01:12:04,350
really interested in trying to figure out if I'm lying to
1169
01:12:04,350 --> 01:12:06,780
you. Okay, and here's one of the things that everybody says
1170
01:12:06,780 --> 01:12:09,750
Oh, see this is that market maker sell model. Okay? Do you
1171
01:12:09,750 --> 01:12:14,550
see this going down below the original consolidation? No, it
1172
01:12:14,550 --> 01:12:17,430
doesn't happen. Even if you look at the other schematics
1173
01:12:17,430 --> 01:12:20,310
that even if you look at Richard white coughs writings where
1174
01:12:20,340 --> 01:12:24,630
he has a another markup phase and markdown phase, it shows
1175
01:12:24,630 --> 01:12:28,590
it stopping above this area to Okay, so no matter what
1176
01:12:29,070 --> 01:12:32,370
schematic you use, okay, when you're looking at like off,
1177
01:12:32,520 --> 01:12:37,800
you never see my market maker. So model or market maker by
1178
01:12:37,800 --> 01:12:42,870
model. It's always just this incomplete view. Now, this in
1179
01:12:42,870 --> 01:12:47,160
itself, okay. doesn't really say anything. Because if you
1180
01:12:47,160 --> 01:12:51,720
look at swing trading, okay, swing trading. Yeah, the
1181
01:12:51,720 --> 01:12:53,790
expectation is if you want to sell short, you're expecting a
1182
01:12:53,790 --> 01:12:57,600
swing to go up first, and then you swing down. That's swing
1183
01:12:57,600 --> 01:13:00,690
trading. I mean, everybody knows that. Hi. Highs, higher
1184
01:13:00,690 --> 01:13:05,070
lows, lower highs, lower lows, okay, all those ideas.
1185
01:13:05,430 --> 01:13:08,340
They're pretty much generic concepts. I'm not trying to
1186
01:13:08,340 --> 01:13:11,130
claim authorship there. But when I'm breaking down the
1187
01:13:11,130 --> 01:13:14,190
individual move up, and then when it comes down takes this
1188
01:13:14,190 --> 01:13:17,100
area out, where he has a cumulation area written here.
1189
01:13:17,250 --> 01:13:21,120
That's where my target is. On a market maker sell model. You
1190
01:13:21,120 --> 01:13:24,390
don't see that and wycoff you can do all the acrobatics. You
1191
01:13:24,390 --> 01:13:29,100
want young men, it's not there. find any book, I got 30
1192
01:13:29,100 --> 01:13:35,130
books on wycoff 30. And none of them show what I'm doing. So
1193
01:13:35,220 --> 01:13:37,170
I'm sure there's been more wycoff books because everybody's
1194
01:13:37,170 --> 01:13:38,910
out there trying to talk about something like they've
1195
01:13:38,910 --> 01:13:42,210
recreated something. The wycoff book is not going to find
1196
01:13:42,300 --> 01:13:44,940
you're not going to find my concepts in there. Not renamed.
1197
01:13:45,060 --> 01:13:51,450
Not, you know, masked, okay, hidden. It's obvious that
1198
01:13:51,450 --> 01:13:54,210
they're completely two different ideas and minus superior.
1199
01:13:55,140 --> 01:13:58,380
Keep on going down a little bit. Okay, and we're gonna look
1200
01:13:58,380 --> 01:14:04,620
at this This is the accumulation schematic of wycoff. Okay?
1201
01:14:06,150 --> 01:14:08,400
I guess what they're saying is this would be like the market
1202
01:14:08,400 --> 01:14:12,150
maker by model. And again, none of this stuff is even in my
1203
01:14:12,150 --> 01:14:17,310
concepts, none of this all this stuff is garbage to me. And
1204
01:14:17,310 --> 01:14:20,370
I don't mean to just be disrespectful, I'm not trying to,
1205
01:14:20,550 --> 01:14:23,730
you know, turn you people off that are trading like wycoff
1206
01:14:23,760 --> 01:14:27,780
Okay. I'm arguing with the young men that are out there
1207
01:14:27,780 --> 01:14:30,870
trying to save their own necks trying to say and try to put
1208
01:14:30,870 --> 01:14:34,200
down foundation that they have been teaching wycoff and not
1209
01:14:34,230 --> 01:14:41,640
ICT mentorship stuff, or even YouTube stuff. But if you are
1210
01:14:41,640 --> 01:14:43,800
a wycoff trader, like I said, I want you to make sure in
1211
01:14:43,800 --> 01:14:47,850
case you missed it earlier. If you are a wycoff trader and
1212
01:14:47,850 --> 01:14:51,180
are profitable, I promise you if you study the things I have
1213
01:14:51,180 --> 01:14:54,420
on this YouTube channel, it will make it even clearer for
1214
01:14:54,420 --> 01:14:58,890
you. And you might even learn to just miss it and go deeper
1215
01:14:58,890 --> 01:15:01,350
into things I'm talking about. Because what I'm talking
1216
01:15:01,350 --> 01:15:06,450
about is actual market booking to the price level, like it
1217
01:15:06,450 --> 01:15:09,480
doesn't go much beyond or fall short of it's like right to
1218
01:15:09,480 --> 01:15:14,160
the point. wycoff doesn't have that. It's just very vague
1219
01:15:14,160 --> 01:15:17,400
things like this, okay. And this is not the market maker by
1220
01:15:17,400 --> 01:15:20,520
model. Okay. And since the discussion was really with an
1221
01:15:20,520 --> 01:15:23,010
example on the eurodollar, that would be a market maker sell
1222
01:15:23,010 --> 01:15:26,250
model, you can see last point of support. These are all
1223
01:15:26,250 --> 01:15:30,210
references that happen after they happen. In other words,
1224
01:15:30,390 --> 01:15:33,420
they're referring to something that took place. Whereas in
1225
01:15:33,420 --> 01:15:36,240
my concepts, we're anticipating something, we're
1226
01:15:36,240 --> 01:15:38,310
anticipating a fair value gap. We're anticipating
1227
01:15:38,310 --> 01:15:40,320
institutional order flow entry drill, we're anticipating a
1228
01:15:40,320 --> 01:15:43,650
breaker we're anticipating an order block trading to Okay,
1229
01:15:43,890 --> 01:15:46,770
there's the number one stark contrast. Okay, I am
1230
01:15:46,770 --> 01:15:49,350
anticipating and I'm teaching my students to anticipate
1231
01:15:49,530 --> 01:15:53,880
specific elements in price that are highly, highly precise.
1232
01:15:54,810 --> 01:15:58,260
There is no ambiguity. We know exactly what we're looking
1233
01:15:58,260 --> 01:16:02,040
for. We know when it will occur, and we know how it looks.
1234
01:16:02,520 --> 01:16:05,400
And we know that because of example, after example, after
1235
01:16:05,400 --> 01:16:08,850
example, and it repeats itself and it matches the other side
1236
01:16:08,850 --> 01:16:11,790
of the curve. Now, that's all I'm gonna say on it. But
1237
01:16:11,820 --> 01:16:15,510
everyone that studied with me, all of that stuff is
1238
01:16:15,510 --> 01:16:18,870
explained in great detail. And it absolutely is it there's
1239
01:16:18,870 --> 01:16:20,130
nothing like it anywhere else.
1240
01:16:21,780 --> 01:16:24,060
All right, here's a accumulation schematic number two, same
1241
01:16:24,060 --> 01:16:28,050
thing. This is not a market maker by model. Nothing in here
1242
01:16:28,080 --> 01:16:30,540
has any element whatsoever. See, the thing is with wycoff,
1243
01:16:30,540 --> 01:16:34,410
they like to say, the Judas swing that I teach, that's the
1244
01:16:34,860 --> 01:16:40,050
the spring or they may say this wrong, break the ice or
1245
01:16:40,260 --> 01:16:44,310
crack the ice or jump to creek or something like that. Like
1246
01:16:44,310 --> 01:16:48,750
I said, I'm not a student of like, I just know that I made
1247
01:16:48,750 --> 01:16:51,840
fun of them a man when I was in my 20s on America Online
1248
01:16:51,840 --> 01:16:54,540
that he was teaching with it and he was finding some trades
1249
01:16:54,540 --> 01:16:58,440
but I didn't like we was entering and it just didn't make
1250
01:16:58,440 --> 01:17:01,710
any sense to me. But Didn't have barnburner type results,
1251
01:17:01,740 --> 01:17:06,720
but he was showing profitability. I found out later on and
1252
01:17:06,720 --> 01:17:11,370
it was actually watching Larry Williams video. course it was
1253
01:17:11,370 --> 01:17:15,900
for VHS tapes and the name of sometimes butcher this up but
1254
01:17:16,350 --> 01:17:20,280
it is the futures millionaire confidential trading course by
1255
01:17:20,280 --> 01:17:22,560
Larry Williams. Okay, it's really hard to get but you can
1256
01:17:22,560 --> 01:17:25,620
find it once in a while on eBay. I really wish he had a
1257
01:17:25,620 --> 01:17:28,320
digital version of it because I don't have access to the
1258
01:17:28,320 --> 01:17:31,800
third video. The VHS tape wore out because when I was young,
1259
01:17:32,100 --> 01:17:34,740
I watched it multiple times a week. And I could tell you
1260
01:17:34,740 --> 01:17:37,320
verbatim what he was going to say before he said I was a
1261
01:17:37,320 --> 01:17:40,740
fanboy at heart. I still am. He was my original mentor. I
1262
01:17:40,740 --> 01:17:43,710
never met the man in my life. I never had the opportunity to
1263
01:17:43,710 --> 01:17:46,050
do that. I would love to be able to do that. Larry, if
1264
01:17:46,050 --> 01:17:49,770
you're listening I absolutely. I wish I have the opportunity
1265
01:17:49,770 --> 01:17:51,510
to meet you one time. But
1266
01:17:52,800 --> 01:17:55,890
my understanding didn't begin until him now even with that
1267
01:17:55,890 --> 01:18:00,330
said there isn't a lot of things that Larry's work. can be
1268
01:18:00,330 --> 01:18:03,510
seen with my concepts except for market structure market
1269
01:18:03,510 --> 01:18:08,970
structure is absolutely his I learned that from him. And I
1270
01:18:08,970 --> 01:18:13,710
always credit that. But the majority of everything else, you
1271
01:18:13,710 --> 01:18:17,850
know, has ideas of relative strength analysis. I got that
1272
01:18:17,850 --> 01:18:20,220
from his 1970 book, how I made a million dollars trading
1273
01:18:20,220 --> 01:18:22,740
commodities. And he talked a little bit about that same
1274
01:18:22,770 --> 01:18:27,150
concept in that VHS course, too. So, anyway, with all that
1275
01:18:27,150 --> 01:18:31,440
said, I found the pattern or the fractal of the market maker
1276
01:18:31,440 --> 01:18:36,990
sell model. In a segment of that course, he was using an
1277
01:18:36,990 --> 01:18:40,710
overhead projector, as he was talking about his concepts he
1278
01:18:40,710 --> 01:18:43,500
was teaching in that course. And the chart that was on the
1279
01:18:43,500 --> 01:18:47,820
screen, I was like, I see that pattern all the time. It
1280
01:18:47,820 --> 01:18:50,850
just, it was highly structured. And I was like, Okay, I'm
1281
01:18:50,850 --> 01:18:55,290
going to start looking for that. And then with that, in the
1282
01:18:55,290 --> 01:18:58,320
two gentlemen that I met in the 90s that watch me run up a
1283
01:18:58,320 --> 01:19:02,370
lot of accounts on America Online. They thought I had
1284
01:19:02,910 --> 01:19:05,610
availed myself the information that they had. The things
1285
01:19:05,610 --> 01:19:08,700
that I know now, when I really didn't, I just was getting
1286
01:19:08,700 --> 01:19:13,440
extremely lucky buying when markets were going up and over
1287
01:19:13,440 --> 01:19:16,350
leveraging, really over leveraging to the hilt where just
1288
01:19:16,350 --> 01:19:18,750
one trade would have wiped me out completely and destroyed
1289
01:19:18,750 --> 01:19:24,390
me. And it was a it was just plain luck. It was just luck.
1290
01:19:24,570 --> 01:19:28,110
But at the time, if you were watching me, like I was the
1291
01:19:28,110 --> 01:19:31,710
poster boy for Instagram back then, in the 90s. Of course,
1292
01:19:31,740 --> 01:19:35,340
Instagram didn't exist back then. But I had the personality
1293
01:19:35,340 --> 01:19:38,790
that everybody would have flocked to, and I was showing my
1294
01:19:38,790 --> 01:19:41,610
cars I was showing my money. Anytime I went on bought
1295
01:19:41,610 --> 01:19:44,310
something I'm showing it, it was just like I had everybody
1296
01:19:44,820 --> 01:19:47,250
wanting me to do that. And I didn't believe it until I
1297
01:19:47,250 --> 01:19:50,340
started doing it. So it was one of those things where not
1298
01:19:50,340 --> 01:19:52,740
only did I want other people to believe I was successful,
1299
01:19:52,740 --> 01:19:55,500
but I needed to have them respond because it felt like a
1300
01:19:55,500 --> 01:19:58,380
dream to me. I never had that kind of money come into my
1301
01:19:58,380 --> 01:20:04,380
hands ever before. It was wildly successful. But at the time
1302
01:20:04,380 --> 01:20:07,980
I thought it was skill. It was not skill. It was not okay. I
1303
01:20:07,980 --> 01:20:11,460
can tell you honestly, I was getting lucky for nine months.
1304
01:20:11,490 --> 01:20:16,620
So believe me lucky streaks do exist with idiots. And I was
1305
01:20:16,620 --> 01:20:20,040
an absolute goober in the 90s. I had no idea what I was
1306
01:20:20,040 --> 01:20:24,360
doing. But if you'd listen to me talk, I could sell the idea
1307
01:20:24,360 --> 01:20:26,820
like I was the greatest instagrammer that ever would have
1308
01:20:26,820 --> 01:20:31,650
existed. And believe me, people were flocking to me. And I
1309
01:20:31,650 --> 01:20:35,430
garnered a lot of attention. And I garnered the attention of
1310
01:20:36,180 --> 01:20:39,660
the watch groups. And because I never put a disclaimer up,
1311
01:20:39,750 --> 01:20:41,850
ever, that's why I have these long boring disclaimers and
1312
01:20:41,850 --> 01:20:43,740
I'm getting my videos because I learned that painful lesson,
1313
01:20:43,740 --> 01:20:48,360
the 90s where I got a subpoena sent to me, and the Commodity
1314
01:20:48,360 --> 01:20:51,090
Futures Trading Commission said, Hey, we need to talk to
1315
01:20:51,090 --> 01:20:55,170
you. And I later found out that it's because I didn't put a
1316
01:20:55,200 --> 01:20:58,470
risk disclaimer up at all I was. I didn't post anything that
1317
01:20:58,470 --> 01:21:01,230
caused anyone to lose any money. As I was posting the trades
1318
01:21:01,230 --> 01:21:03,690
I was getting ready to take, and they were winning. But the
1319
01:21:03,690 --> 01:21:07,530
problem with that is that I did not disclose the underlying
1320
01:21:07,530 --> 01:21:10,410
risk. And I was young, I didn't know what I was doing. And
1321
01:21:10,410 --> 01:21:13,110
here's the problem. A lot of you guys on YouTube that are
1322
01:21:13,110 --> 01:21:17,940
parroting me, you have no idea the level of trouble you can
1323
01:21:17,940 --> 01:21:20,490
find yourself in because you don't even some of you just get
1324
01:21:20,490 --> 01:21:23,670
on and say, yeah, I'm not a licensed trade adviser. Don't
1325
01:21:23,670 --> 01:21:26,340
take any advice from me. And you think that's going to
1326
01:21:26,340 --> 01:21:30,870
protect you? It isn't. You have to have specific disclosures
1327
01:21:30,900 --> 01:21:34,170
of risk that are government mandated, you have to do these
1328
01:21:34,170 --> 01:21:38,520
things. Or you're looking at potentially years in jail. huge
1329
01:21:38,520 --> 01:21:43,680
fines $500,000 in five years in prison, look, having
1330
01:21:43,710 --> 01:21:45,990
significance and feeling good about yourself and feel like
1331
01:21:45,990 --> 01:21:48,120
you've arrived to have all the people believe in you, even
1332
01:21:48,120 --> 01:21:51,600
when it's not real. It ain't worth that type of punishment.
1333
01:21:51,630 --> 01:21:54,660
Five years in prison. Imagine that. Because that's what you
1334
01:21:54,660 --> 01:21:57,510
can learn. You can end up in something like that. Trying to
1335
01:21:57,510 --> 01:22:02,040
be something you're really not okay. That's why I stay in
1336
01:22:02,190 --> 01:22:04,890
paper trading and demo when I'm teaching because there's no
1337
01:22:04,890 --> 01:22:07,830
way you're going to misinterpret what I'm saying. You're
1338
01:22:07,830 --> 01:22:10,890
going to never look at me showing you a trade and say, he
1339
01:22:10,890 --> 01:22:12,960
did that with live funds. Let me be enticed to go and do the
1340
01:22:12,960 --> 01:22:15,360
same thing. At best, you're going to be enticed to go into a
1341
01:22:15,360 --> 01:22:19,260
demo account and try to replicate it. And guess what? You
1342
01:22:19,260 --> 01:22:22,200
can't lose your house with a demo account. You can't pay for
1343
01:22:22,200 --> 01:22:25,620
groceries with a demo account, but you can't lose anything
1344
01:22:25,620 --> 01:22:30,330
monetary with a demo. So that's the number one reason why
1345
01:22:30,330 --> 01:22:33,090
people have a an issue with me because I'm not going to
1346
01:22:33,090 --> 01:22:36,030
extend my neck on the block. So that way, I'm going to take
1347
01:22:36,060 --> 01:22:39,660
on personal risk, because I'm not going to do that. I know
1348
01:22:39,660 --> 01:22:42,060
the laws. Okay, I'm not going to I'm not going to cross them
1349
01:22:42,870 --> 01:22:43,440
saying like,
1350
01:22:44,910 --> 01:22:50,430
I think there's one more slide maybe. Hey, we are so here's
1351
01:22:50,430 --> 01:22:55,680
the market schematic for the wycoff distribution scheme,
1352
01:22:55,950 --> 01:23:00,120
okay, or schematic rather. Now, just because it goes up And
1353
01:23:00,120 --> 01:23:03,690
then goes down. It seems like oh, that's the perfect excuse.
1354
01:23:03,690 --> 01:23:06,960
We can now say that we've learned it from here and not ICT.
1355
01:23:07,170 --> 01:23:12,030
Okay. Nothing in here talks about a breaker. Nothing in here
1356
01:23:12,030 --> 01:23:14,820
talks about a fair value gap where it says last point of
1357
01:23:14,850 --> 01:23:21,870
supply. What is this? Prime preliminary supply? ps1 ps wise
1358
01:23:21,870 --> 01:23:25,860
over here. Okay, great. To me, that doesn't mean anything at
1359
01:23:25,860 --> 01:23:29,520
all. Nothing in my mentorship talks about that. What's the
1360
01:23:29,520 --> 01:23:37,710
LPS why screw up down here. Last point of supply after
1361
01:23:37,710 --> 01:23:42,960
testing support on a s o w sign of weakness. A feeble rally
1362
01:23:42,990 --> 01:23:46,110
on narrow spread shows that the market is having
1363
01:23:46,110 --> 01:23:49,530
considerable difficulty advancing this inability to rally
1364
01:23:49,530 --> 01:23:53,760
maybe due to weak demand, substantial supply or both. Last
1365
01:23:53,760 --> 01:23:59,910
point of supply represent exhaustion of demand and the last
1366
01:23:59,910 --> 01:24:03,180
one have large operators, distribution before markdown
1367
01:24:03,180 --> 01:24:06,810
begins in earnest. Okay. Again, that is clearly an
1368
01:24:06,810 --> 01:24:10,860
observation after the fact. What are the what are you doing
1369
01:24:10,860 --> 01:24:16,050
in the activation? have seen that in the chart, no words.
1370
01:24:16,320 --> 01:24:20,700
What is that instigating you to do as a trader using wycoff?
1371
01:24:21,120 --> 01:24:25,290
Nothing. You're not doing anything here. But that right
1372
01:24:25,290 --> 01:24:27,780
there is a fair value gap, or an institutional order flow
1373
01:24:27,780 --> 01:24:32,790
entry Joe short entry for me. All this is the reference
1374
01:24:32,790 --> 01:24:36,900
point after it happens in wycoff. Do you understand what I'm
1375
01:24:36,900 --> 01:24:41,310
saying? There are elements I don't care about looking at
1376
01:24:41,310 --> 01:24:44,370
something after the fact. Okay, if I can't make money with
1377
01:24:44,370 --> 01:24:48,120
it, it's of no use. To me. A fair value gap is something
1378
01:24:48,120 --> 01:24:50,370
that's in the chart and when it fills or even partially
1379
01:24:50,370 --> 01:24:53,850
fills. That's an entry for me. Institutional order flow
1380
01:24:53,880 --> 01:24:57,000
entry drill is something that's meaningful to me. It's not
1381
01:24:57,000 --> 01:24:59,130
something I'm going to highlight on my chart after it
1382
01:24:59,130 --> 01:25:03,540
happens. Make money on that. So what difference does it make
1383
01:25:03,540 --> 01:25:06,540
with all this stuff in here, they're not taking trades
1384
01:25:06,540 --> 01:25:10,410
there. nobody's taking trades on that. It's just
1385
01:25:10,440 --> 01:25:15,000
highlighting to overall likelihood this might go lower. I
1386
01:25:15,000 --> 01:25:18,240
already know it's going lower before it gets up to there. I
1387
01:25:18,240 --> 01:25:21,900
know about it once before it happens. I know it's likely to
1388
01:25:21,900 --> 01:25:25,080
occur, but I won't short so short until it gives me the
1389
01:25:25,080 --> 01:25:27,420
specific signatures and a few of them I've already
1390
01:25:27,420 --> 01:25:33,780
highlighted with the euro. Now, all of this in here still
1391
01:25:33,780 --> 01:25:36,330
doesn't say it goes down below the original consolidation.
1392
01:25:36,810 --> 01:25:42,060
Notice that See that? It's absent, because it's not in white
1393
01:25:42,060 --> 01:25:49,410
golf, kids. Okay. Now, let's go over to my forum. All right.
1394
01:25:49,410 --> 01:25:52,560
So you go into ICT mentorship. Now this is not a plug, okay.
1395
01:25:53,430 --> 01:25:56,940
This is just to show you that I talk about this stuff before
1396
01:25:56,940 --> 01:26:01,770
it happens. Let's go to August. And we'll go down to the
1397
01:26:01,770 --> 01:26:05,070
last one here. I haven't done this weekend's review and
1398
01:26:05,100 --> 01:26:09,390
commentary yet. So the last one is in Wednesday, August 19,
1399
01:26:09,390 --> 01:26:15,540
which is my midweek reveal, if you click on that, and I'll
1400
01:26:15,540 --> 01:26:27,180
scribble on over to the seven minute mark and write on them
1401
01:26:27,180 --> 01:26:29,880
and say this is going to go lower and attack the sauce
1402
01:26:29,880 --> 01:26:35,880
adequately resting. Listen now resting below these lows. See
1403
01:26:35,880 --> 01:26:42,870
that? Now, is this not the euro. It's the euro. And all this
1404
01:26:42,870 --> 01:26:46,110
idea right here. I'm drawing your attention right there.
1405
01:26:46,140 --> 01:26:51,570
That's not wycoff that's my market maker. So model. All this
1406
01:26:51,570 --> 01:26:57,690
liquidity, where's it resting at? 1780 to 1760. Right below
1407
01:26:57,690 --> 01:27:07,470
these lows here now Think is it's still an argument that I'm
1408
01:27:07,470 --> 01:27:12,570
reteaching wycoff with different names and trying to look
1409
01:27:12,570 --> 01:27:15,690
good and smart, but it's somebody else's stuff. Listen,
1410
01:27:15,690 --> 01:27:16,110
folks,
1411
01:27:16,200 --> 01:27:16,620
okay.
1412
01:27:18,029 --> 01:27:23,819
There's only one other person in forex that I have ever told
1413
01:27:23,849 --> 01:27:28,859
anyone to go and listen to and make them a mentor. That's
1414
01:27:28,859 --> 01:27:32,909
Chris Laurie. This same kind of stuff came up when I was
1415
01:27:32,909 --> 01:27:37,889
doing things on baby pips. Okay. I did videos over there and
1416
01:27:37,889 --> 01:27:40,679
had people that were in Chris Lori's group over there. Say,
1417
01:27:40,679 --> 01:27:43,109
Hey, look, you know what, we have our own version of pro
1418
01:27:43,109 --> 01:27:46,019
traders club. So honestly, in hindsight, looking back, it
1419
01:27:46,019 --> 01:27:48,239
was probably one of the worst things I've ever done because
1420
01:27:48,599 --> 01:27:52,949
it looks at face value. Like I'm teaching what he was doing
1421
01:27:52,949 --> 01:27:55,469
in his pro traders club, because he still has that if I'm
1422
01:27:55,469 --> 01:27:58,439
not mistaken. I think you still have it. But he was at least
1423
01:27:58,439 --> 01:28:02,729
at that time he was doing service where it was called pro
1424
01:28:02,729 --> 01:28:07,859
traders club. But nonetheless, I don't believe in wycoff.
1425
01:28:08,399 --> 01:28:13,109
Okay. I believe that Larry Williams stuff, the original
1426
01:28:13,109 --> 01:28:15,209
stuff, not his new stuff. I haven't looked at his new stuff
1427
01:28:15,209 --> 01:28:18,479
to be able to say yes or no, but his old stuff still works
1428
01:28:18,479 --> 01:28:25,109
today. Okay. If you're forex focused, if you don't like me,
1429
01:28:25,499 --> 01:28:30,659
go to Chris Laurie. I have many of his students in my group,
1430
01:28:30,899 --> 01:28:33,449
okay. And they will all say the same thing that I'm going to
1431
01:28:33,449 --> 01:28:37,049
tell you right now. I do not teach what Chris Laurie
1432
01:28:37,049 --> 01:28:40,859
teaches. There's nothing similar to what I'm doing to what
1433
01:28:40,859 --> 01:28:45,899
he teaches. Now. You're welcome to go and learn from him.
1434
01:28:46,529 --> 01:28:52,289
Okay, I believe he's a real genuine gentleman. And he wants
1435
01:28:52,289 --> 01:28:56,309
us to just do well, he's not a flashy flash guy. He's really
1436
01:28:56,309 --> 01:28:59,699
down to earth. And I think that if you put a lot of work
1437
01:28:59,699 --> 01:29:03,239
with it, Him, you'll learn, you won't learn the things I'm
1438
01:29:03,239 --> 01:29:06,449
teaching, but you'll learn things that I have a respect for,
1439
01:29:06,449 --> 01:29:10,739
because he teaches a lot of things that are very, very close
1440
01:29:10,739 --> 01:29:14,699
to the bottom rung of what I introduce. But there is a
1441
01:29:14,759 --> 01:29:18,539
totally different light your jump ahead. And again, it's not
1442
01:29:18,539 --> 01:29:22,019
a better than, okay, I'm trying to be very careful what I
1443
01:29:22,019 --> 01:29:25,379
say here because I have respect for Chris Laurie, and he
1444
01:29:25,379 --> 01:29:29,969
knows me, okay, he knows enough to at least invite me into
1445
01:29:29,969 --> 01:29:35,219
his forum and asked me to consult on how I could advise them
1446
01:29:35,219 --> 01:29:38,639
how to streamline it, and that's the extent of it. That's
1447
01:29:38,639 --> 01:29:42,389
it. I have not been formally taught by Chris Laurie. I've
1448
01:29:42,389 --> 01:29:46,109
not had any kind of YouTube knowledge under him except for
1449
01:29:46,379 --> 01:29:50,819
test driving his. He freely gave it to me and said, looking
1450
01:29:50,819 --> 01:29:53,729
to take a look at what you think. And you are welcome.
1451
01:29:53,759 --> 01:29:57,269
You're absolutely Welcome to go over there and ask him when
1452
01:29:57,269 --> 01:30:00,899
people mentioned him on baby pips, I think signed up. And I
1453
01:30:00,899 --> 01:30:04,589
think if I'm not mistaken, I was there for two months. And
1454
01:30:04,589 --> 01:30:08,489
he would validate that too. But I didn't, I didn't take
1455
01:30:08,489 --> 01:30:11,219
anything from that man. Okay, I didn't take anything
1456
01:30:11,249 --> 01:30:13,799
repackaging that stuff. He doesn't even probably know what a
1457
01:30:13,799 --> 01:30:17,849
stock market maker sell model or buy model is okay. But he
1458
01:30:17,849 --> 01:30:22,019
trades in a very similar fashion. Okay, but I think
1459
01:30:22,019 --> 01:30:24,989
personally, he trades a little bit closer to wycoff than I
1460
01:30:24,989 --> 01:30:28,889
really do. And again, I'm basically beating up wycoff only
1461
01:30:28,889 --> 01:30:34,439
because it's comparing it to what I trade with. And, again,
1462
01:30:34,469 --> 01:30:38,909
I'm not trying to create that, that team idea because I was
1463
01:30:38,909 --> 01:30:42,329
pro Larry Williams when I first started, and I had closed my
1464
01:30:42,329 --> 01:30:47,999
mind to everything, everything else, and in a lot of ways
1465
01:30:47,999 --> 01:30:50,669
that helped, but in a lot of ways it hurt me because it made
1466
01:30:50,669 --> 01:30:57,119
me feel like I was better than I really was. And listen, I'm
1467
01:30:57,119 --> 01:31:01,199
wise enough now to be like I said almost 50 years. Old. I
1468
01:31:01,199 --> 01:31:04,919
know that unless you see it yourself, you're not going to
1469
01:31:04,919 --> 01:31:08,909
believe it. So I don't hide from anything. I come out here
1470
01:31:08,909 --> 01:31:10,799
and I tell you what it is. I'm not worried about what
1471
01:31:10,799 --> 01:31:12,719
anybody else's opinion is. And I'm not worried about what
1472
01:31:12,719 --> 01:31:15,509
people can do or what they think they can do. I can outrage
1473
01:31:15,509 --> 01:31:19,019
everybody out here, period and the story done. I'm ready to
1474
01:31:19,019 --> 01:31:23,249
prove it. It never gets taken. When I tell you to go look at
1475
01:31:23,249 --> 01:31:26,819
Chris Laurie, I tell you to go study wycoff and tell. Tell
1476
01:31:26,819 --> 01:31:30,059
me after you've done that, if you think that you clearly see
1477
01:31:30,059 --> 01:31:33,209
me doing these things. No one has ever done that and came
1478
01:31:33,209 --> 01:31:35,849
back and said, Yeah, you know it, you're doing it. They've
1479
01:31:35,849 --> 01:31:38,189
always said, Yeah, there's nothing like nothing like that.
1480
01:31:38,669 --> 01:31:41,579
Students. They're under Chris Laurie right now. They are in
1481
01:31:41,609 --> 01:31:44,969
my group too. And they always send me emails. Why are you
1482
01:31:44,969 --> 01:31:47,189
keep harping about that. There's nothing you're doing that
1483
01:31:47,189 --> 01:31:51,149
Chris is teaching or even taught. And the same thing I want
1484
01:31:51,149 --> 01:31:55,049
you to if I was doing these very things, okay. If I was
1485
01:31:55,049 --> 01:31:57,659
reteaching and renaming and rehashing things that other
1486
01:31:57,659 --> 01:32:03,209
people do. Why the hell I tell you go and study them. Think
1487
01:32:03,209 --> 01:32:05,309
about that. Think about the logic of that.
1488
01:32:06,810 --> 01:32:08,970
When I was on baby pips, I said, hey, look, you know, if
1489
01:32:08,970 --> 01:32:10,920
you're looking for some money outside of me and you want to
1490
01:32:10,920 --> 01:32:14,100
learn forex price action stuff. You know, Chris, Lori's got
1491
01:32:14,100 --> 01:32:19,140
a good program going done. I spent two months there. And I
1492
01:32:19,140 --> 01:32:21,300
said, You know what, what you're doing is good. And we had a
1493
01:32:21,300 --> 01:32:26,310
lot of conversations, and we were going to do a seminar, but
1494
01:32:26,310 --> 01:32:29,640
because of my personality and brought a lot of, like I said,
1495
01:32:29,640 --> 01:32:32,940
I'm very controversial. I'm not a team player. Okay,
1496
01:32:32,970 --> 01:32:36,960
obvious. You can hear my voice and the things I say, Listen,
1497
01:32:37,830 --> 01:32:42,810
I'm not looking for a team. Okay, I am my own team. And I
1498
01:32:42,810 --> 01:32:45,660
don't like losing. I like winning. And I don't want to waste
1499
01:32:45,660 --> 01:32:48,360
my time with things that aren't going to make money. Period.
1500
01:32:48,780 --> 01:32:51,510
If it can't be used to make money, then you shouldn't be
1501
01:32:51,510 --> 01:32:56,670
bothering with it. And I believe wholeheartedly that if you
1502
01:32:56,670 --> 01:33:01,110
trained under Chris Laurie, you will find A profitable way
1503
01:33:01,110 --> 01:33:05,670
of trading. How long will it take? I don't know. Can you do
1504
01:33:05,670 --> 01:33:08,460
that with me? Yes, I believe that too. Can you do it with
1505
01:33:08,460 --> 01:33:11,280
wycoff I know people that trade with wycoff and they're
1506
01:33:11,280 --> 01:33:14,670
profitable. But when I sat down with them and I showed you
1507
01:33:14,700 --> 01:33:16,890
like the some of the things I showed you in this video here,
1508
01:33:17,730 --> 01:33:22,470
it made them appreciate the things that are not known widely
1509
01:33:22,500 --> 01:33:25,440
in the universe of trading. It just they don't. First of
1510
01:33:25,440 --> 01:33:28,650
all, you're not going to hear someone get up on stage in
1511
01:33:28,650 --> 01:33:31,170
front of people and say, the markets are absolutely rigged
1512
01:33:31,170 --> 01:33:35,010
the previous day's data will give you the information that
1513
01:33:35,010 --> 01:33:39,030
causes the calculations to the PIP that the previous day
1514
01:33:39,060 --> 01:33:42,090
gives you the next day's high and low before it forms and
1515
01:33:42,090 --> 01:33:46,950
it's compiled at midnight New York time. If someone sat
1516
01:33:46,950 --> 01:33:51,030
there and got on CNBC and said, Okay, listen, I'm just so
1517
01:33:51,030 --> 01:33:55,050
you have your heads up. The central banks peg their daily
1518
01:33:55,050 --> 01:33:58,110
highs and lows at midnight, New York time and they do this
1519
01:33:58,110 --> 01:34:02,250
every single day for every currency. And you can follow this
1520
01:34:02,250 --> 01:34:04,590
and know what it's going to do within five pips variance.
1521
01:34:06,780 --> 01:34:11,520
How much attention Do you think that would Garner? A lot.
1522
01:34:12,870 --> 01:34:20,400
And I've been saying this since 1996. And I have not. I've
1523
01:34:20,400 --> 01:34:25,080
never ever advertised. I've never advertised I've never put
1524
01:34:25,080 --> 01:34:27,870
an ad on Facebook. I've never put an ad on YouTube. I've
1525
01:34:27,870 --> 01:34:32,640
never advertised anything except for one classified ad that
1526
01:34:32,640 --> 01:34:39,720
I put on Rob report. And one Wall Street Journal ad. That's
1527
01:34:39,720 --> 01:34:44,040
it. That's it. That's all I ever did. And most of everything
1528
01:34:44,040 --> 01:34:47,940
else was people seeing me finally me. Because it's very hard
1529
01:34:47,940 --> 01:34:52,230
to manage all you is a lot of you. And so many different
1530
01:34:52,230 --> 01:34:55,350
personalities, so many team mentality and it's mostly the
1531
01:34:55,350 --> 01:34:58,680
younger people, the millennials. They come in contact with
1532
01:34:58,680 --> 01:35:01,650
me and they think wow, going to take this guy stuff. And I'm
1533
01:35:01,650 --> 01:35:04,140
going to repackage it. And I'm going to get so rich and I'm
1534
01:35:04,140 --> 01:35:05,700
gonna do this. I don't need every trait. Let me tell you
1535
01:35:05,700 --> 01:35:13,620
something. I have made so much money trading, the paper
1536
01:35:13,620 --> 01:35:17,370
trades and the demo trades in this mentorship that I would
1537
01:35:17,370 --> 01:35:24,060
never need ever to trade another Live account ever. Let that
1538
01:35:24,060 --> 01:35:27,840
sink in. And knowing that, okay, I want you to understand
1539
01:35:27,840 --> 01:35:31,320
it. I'm not doing it to brag I'm telling you why it's
1540
01:35:31,320 --> 01:35:34,740
important to listen to someone like me. I'm not motivated by
1541
01:35:34,740 --> 01:35:39,750
image. I have nice cars. I have nice homes. I have nice
1542
01:35:39,750 --> 01:35:43,770
everything. And that's not why you should be doing this.
1543
01:35:44,310 --> 01:35:47,010
Because if you're listening to someone, and they're flashing
1544
01:35:47,010 --> 01:35:51,870
cars that they don't own, in locations they don't live in.
1545
01:35:52,020 --> 01:35:55,050
These are all just destinations. They got to because they
1546
01:35:55,050 --> 01:35:59,550
sold something and it's not a profitable position. They sold
1547
01:36:00,630 --> 01:36:03,750
You know, information that generally isn't theirs. And
1548
01:36:03,750 --> 01:36:05,910
they're flying around on airplanes that they didn't pay for
1549
01:36:05,910 --> 01:36:10,710
that ticket with trading profits. So I've never wanted to go
1550
01:36:10,710 --> 01:36:14,160
that route. never, I never want to go there. I knew if I
1551
01:36:14,160 --> 01:36:17,490
walked in here in the foreign exchange universe, like Mike
1552
01:36:17,490 --> 01:36:21,030
Tyson, no flash, I walk out here with a towel over my
1553
01:36:21,030 --> 01:36:25,440
shoulders, no socks. I'm not trying to flash anything. And I
1554
01:36:25,440 --> 01:36:29,400
go out here and I knock out these markets, and anybody else
1555
01:36:29,400 --> 01:36:32,520
that's willing to compare themselves with me. I'm not
1556
01:36:32,520 --> 01:36:37,380
interested in all that image stuff. I'm interested in making
1557
01:36:37,380 --> 01:36:41,130
an impact on your life. Because that's what I promised. If
1558
01:36:41,130 --> 01:36:44,130
it was given to me. Then I would spend the rest of my life
1559
01:36:44,460 --> 01:36:49,170
teaching it. And I do. Yes, there's things that I sell that
1560
01:36:49,170 --> 01:36:52,230
are going to be only in mentorship. Do you need that to be
1561
01:36:52,230 --> 01:36:57,180
profitable? Absolutely not. You don't ever need to buy my
1562
01:36:57,180 --> 01:36:59,970
mentorship. You don't ever need to buy another person's car.
1563
01:37:00,540 --> 01:37:03,660
If you don't find profitability in my YouTube channels
1564
01:37:03,660 --> 01:37:04,290
lessons,
1565
01:37:04,710 --> 01:37:08,400
din trading is not for you. Think about what I just said
1566
01:37:08,400 --> 01:37:12,120
there. If you go out and you buy another person's course,
1567
01:37:13,140 --> 01:37:15,840
and you have not gone through this YouTube channel in its
1568
01:37:15,840 --> 01:37:19,530
entirety, you're a fool. Because I'm gonna tell you
1569
01:37:19,530 --> 01:37:24,150
something. There has never been anyone that comes to this
1570
01:37:24,150 --> 01:37:27,270
YouTube channel and says I wasted my time there. The only
1571
01:37:27,270 --> 01:37:29,940
complaint you're gonna get like with this video, I talk too
1572
01:37:29,940 --> 01:37:35,940
much when I'm talking to you. I'm not demonstrating toys.
1573
01:37:37,170 --> 01:37:40,770
I'm talking to you. I'm trying to make a connection with
1574
01:37:40,770 --> 01:37:46,920
you. Because I'm telling you, I wish I wish the God Almighty
1575
01:37:46,920 --> 01:37:52,950
that I had this when I was coming up. I am a real person. I
1576
01:37:52,950 --> 01:37:58,380
have made millions of dollars. I have done things stupid and
1577
01:37:58,380 --> 01:38:05,220
last time doing stupid things. Everyone knows me as the demo
1578
01:38:05,220 --> 01:38:09,030
baller. And you all understand why? Because I'm not going to
1579
01:38:09,030 --> 01:38:12,030
take on that liability. I'm not licensed. And these young
1580
01:38:12,030 --> 01:38:14,430
people that talk all that smack saying, Oh, yeah, he was
1581
01:38:14,430 --> 01:38:18,180
this, he was that. Listen, there's a World Cup trading
1582
01:38:18,180 --> 01:38:21,690
contest that's sitting right there every year. Put yourself
1583
01:38:21,690 --> 01:38:24,720
on the leader spot, call me out. And I'll take your spot in
1584
01:38:24,720 --> 01:38:29,760
one week. And that's as plain as I can make it for you. I'm
1585
01:38:29,760 --> 01:38:33,120
going to give you more insights in institutional trading and
1586
01:38:33,120 --> 01:38:35,760
smart money concepts. And I'm gonna give you with examples
1587
01:38:35,760 --> 01:38:39,030
and executions. It's not just always pointing to something
1588
01:38:39,030 --> 01:38:41,460
after the fact I can do that and you can learn from that.
1589
01:38:41,940 --> 01:38:44,940
But it's better when you can get it proven to you when it's
1590
01:38:44,940 --> 01:38:50,370
shown to you in detail. And my my goal is for you to number
1591
01:38:50,370 --> 01:38:54,720
one, feel confident that you're in the right place. Listen,
1592
01:38:55,290 --> 01:38:59,070
did it cost you any money to click this play button? No
1593
01:39:00,540 --> 01:39:03,270
Maybe you feel like I've talked too much. And maybe I didn't
1594
01:39:03,270 --> 01:39:07,140
say enough that what you wanted me to cover. I've said it
1595
01:39:07,140 --> 01:39:11,850
all already in the YouTube videos. You're looking for that
1596
01:39:11,850 --> 01:39:14,730
five minute trainer that says, This is what you do every
1597
01:39:14,730 --> 01:39:20,760
single day. That doesn't exist, folks. It doesn't exist.
1598
01:39:21,150 --> 01:39:23,100
Because there's a lot of there's five minute trainer type
1599
01:39:23,100 --> 01:39:26,250
videos on YouTube, where the kids sit on there and they say,
1600
01:39:26,430 --> 01:39:28,290
Dr. betrayed to hear this. You didn't learn anything from
1601
01:39:28,290 --> 01:39:31,200
that. And he didn't show you or she didn't show you an
1602
01:39:31,200 --> 01:39:34,710
execution. Where's the proof that you took it? Even in a
1603
01:39:34,710 --> 01:39:39,090
demo? Show me your point of entry. Show me how you managed
1604
01:39:39,090 --> 01:39:41,730
to stop 99% of time these people aren't even using stop
1605
01:39:41,730 --> 01:39:47,310
losses. So if you're not sharing a stop loss location, you
1606
01:39:47,310 --> 01:39:51,660
didn't take a trade. You didn't take that. And that's
1607
01:39:51,660 --> 01:39:53,820
exactly what you see on social media today. You see
1608
01:39:53,820 --> 01:39:56,130
everybody wants to show their entry and where the market is
1609
01:39:56,130 --> 01:39:59,490
now. You know what that trade is? That's a trade day. Put on
1610
01:40:00,000 --> 01:40:03,270
Three or four days ago, maybe even a month ago. And now it
1611
01:40:03,270 --> 01:40:05,520
looks like it's profitable. And they're in such a hurry to
1612
01:40:05,520 --> 01:40:07,170
show to you because they're thinking that the trades gonna
1613
01:40:07,170 --> 01:40:10,050
move to an unprofitable state. They Hurry up and share that
1614
01:40:10,050 --> 01:40:12,930
screenshot on social media and everybody says, Wow, look at
1615
01:40:12,930 --> 01:40:16,140
that. There's no stop loss on it. There's a guy over here on
1616
01:40:16,140 --> 01:40:19,320
Instagram that made a name for himself doing all that stuff,
1617
01:40:19,350 --> 01:40:23,460
no stop loss whatsoever. And he was unwilling to show that
1618
01:40:23,460 --> 01:40:29,280
he could do anything close to what I do. Come on, Shawn.
1619
01:40:30,270 --> 01:40:38,700
still available. Anyway, I want you to think about what I
1620
01:40:38,700 --> 01:40:43,020
showed you today. I want you to investigate yourself. Don't
1621
01:40:43,020 --> 01:40:46,890
take my word for it. dig into this YouTube channel and then
1622
01:40:46,890 --> 01:40:51,090
dig into like off and you tell me, okay, if you see the
1623
01:40:51,090 --> 01:40:55,830
similarity anywhere because it doesn't exist. It's void of
1624
01:40:55,860 --> 01:41:01,320
anything. wycoff nothing. Nothing there, folks. And I've
1625
01:41:01,320 --> 01:41:04,440
said this all along. I've said it numerous times over the
1626
01:41:04,440 --> 01:41:10,020
last 10 years. All you have to do is investigate the things
1627
01:41:10,020 --> 01:41:16,230
I'm sharing publicly. And if you do that, that's the
1628
01:41:16,230 --> 01:41:20,100
testimony that stands the test of time. Like I said, I could
1629
01:41:20,100 --> 01:41:23,640
do this in front of a quarter wall, period and a story.
1630
01:41:24,120 --> 01:41:29,400
Everybody else ain't gonna do that. Because they can't
1631
01:41:29,400 --> 01:41:34,680
number one, two, they don't know what they're doing. I knew
1632
01:41:34,680 --> 01:41:39,690
how to do this. I can do this. I do do this. And I can teach
1633
01:41:39,690 --> 01:41:44,910
it to you too. Will you be perfect? Will you lose money to
1634
01:41:44,910 --> 01:41:47,580
trade with live funds? Yes, you will lose money. Will you be
1635
01:41:47,580 --> 01:41:52,230
perfect? No, you won't be. I'm not perfect. I know where I'm
1636
01:41:52,230 --> 01:41:55,320
going to be wrong. Most likely, and I try to avoid those
1637
01:41:55,320 --> 01:41:59,490
environments. I've learned over the last 27 years, the
1638
01:41:59,490 --> 01:42:03,930
things that will lead to high probability.
1639
01:42:04,679 --> 01:42:06,989
And I also know the things that I like to see in price
1640
01:42:06,989 --> 01:42:10,769
action is a lot of patterns I know and scenarios that may
1641
01:42:10,859 --> 01:42:14,429
unfold a specific way. But I don't have an affinity for
1642
01:42:14,429 --> 01:42:18,869
them. But I teach them because I know enough about human
1643
01:42:18,869 --> 01:42:23,639
psychology that there may be a large degree of the
1644
01:42:23,669 --> 01:42:28,379
viewership here that may like to do those very setups. Just
1645
01:42:28,379 --> 01:42:30,869
because it doesn't resonate with me, doesn't mean it won't
1646
01:42:30,869 --> 01:42:35,099
resonate with you. So I try not to press everybody into a
1647
01:42:35,099 --> 01:42:38,099
specific mode because I don't think that works. It didn't
1648
01:42:38,099 --> 01:42:40,859
work with me. Obviously, I tried to be a duplicate of Larry
1649
01:42:40,859 --> 01:42:45,659
Williams and get I get it. Listen. Everything that you guys
1650
01:42:45,659 --> 01:42:49,889
hear me talk about, it's so different. It's so powerful,
1651
01:42:49,889 --> 01:42:53,759
it's precise. It's just unbelievable. And I know I get it,
1652
01:42:53,999 --> 01:42:59,909
and a younger me would have been flattered by all that. But
1653
01:43:01,349 --> 01:43:05,069
I can tell you, I'm ashamed of what I did on America Online
1654
01:43:05,069 --> 01:43:09,059
because I was pretending to be equivalent to Larry Williams
1655
01:43:09,059 --> 01:43:13,229
when I wasn't even close. Like, I didn't know anything. I
1656
01:43:13,229 --> 01:43:17,369
was just going by what my last few trades were. And they
1657
01:43:17,369 --> 01:43:20,129
were over leveraged. And many times I didn't even have a
1658
01:43:20,129 --> 01:43:25,379
stoploss. Think, think about that. That's absurd. It's
1659
01:43:25,409 --> 01:43:29,609
absurd. And I was carrying on when America Online, like I
1660
01:43:29,609 --> 01:43:34,679
was some rock star. I was nothing like I am today. Nothing.
1661
01:43:35,249 --> 01:43:37,739
I respect these markets because they've taken lots of money
1662
01:43:37,739 --> 01:43:41,789
from me. And I don't like losing. I hate losing. So I've
1663
01:43:42,659 --> 01:43:46,709
spent my entire life trying to decipher the things that
1664
01:43:46,739 --> 01:43:51,089
cause me as an individual to get tricked by the marketplace.
1665
01:43:51,629 --> 01:43:54,959
And there are specific things that these markets do that
1666
01:43:54,959 --> 01:43:58,919
they are doing by default. It's not like they're looking
1667
01:43:58,919 --> 01:44:02,159
just for yours. Or they're looking for this or that. There
1668
01:44:02,159 --> 01:44:04,589
are specific things that they're just doing that they're
1669
01:44:04,589 --> 01:44:08,009
programmed to do. And it doesn't sound normal, it sounds
1670
01:44:08,009 --> 01:44:10,499
like no way this is gonna be like this. It's all buying and
1671
01:44:10,499 --> 01:44:13,049
selling pressure. It's reason why the markets random. I'm
1672
01:44:13,049 --> 01:44:14,489
gonna say right now there's nothing random about these
1673
01:44:14,489 --> 01:44:19,259
markets. There's nothing random, zero. And if it was all
1674
01:44:19,259 --> 01:44:22,349
buying and selling pressure, then why is these markets
1675
01:44:22,349 --> 01:44:25,259
stopping at the PIP I'm looking for turning and going to
1676
01:44:25,259 --> 01:44:28,499
another level to the PIP that I'm looking for every single
1677
01:44:28,499 --> 01:44:38,909
week. Think think? How could a kitchen sink approach of all
1678
01:44:38,909 --> 01:44:42,509
these retail theories? How could they all be fighting each
1679
01:44:42,539 --> 01:44:46,739
other? And yet, take a step outside of all that stuff. And
1680
01:44:46,739 --> 01:44:49,709
don't don't refer to any of it. Don't look at it. And when
1681
01:44:49,709 --> 01:44:52,919
there's times when you can use it as an opposing opinion.
1682
01:44:53,999 --> 01:44:58,169
Everything works perfectly like a Swiss timepiece. Folks,
1683
01:44:58,169 --> 01:45:02,459
listen. That kind of thing. stuff doesn't happen unless it's
1684
01:45:02,459 --> 01:45:07,589
programmed to do so. And all of you individuals out there on
1685
01:45:07,589 --> 01:45:11,789
these team mentalities, oh I'm team harmonic. I'm team,
1686
01:45:12,089 --> 01:45:16,379
Elliott, wave and team supply and demand Team wycoff. All of
1687
01:45:16,379 --> 01:45:20,519
you are fighting each other, trying to be something that
1688
01:45:20,519 --> 01:45:24,359
your theory isn't never going to deliver. It's never going
1689
01:45:24,359 --> 01:45:28,679
to deliver like this will. And you all get to test drive it
1690
01:45:28,919 --> 01:45:34,349
for free. Just listen to me. Go through every video on this
1691
01:45:34,349 --> 01:45:37,199
YouTube channel. Go through every single one of them take
1692
01:45:37,259 --> 01:45:43,199
copious notes, and I promise you, I guaran damn tee you. You
1693
01:45:43,199 --> 01:45:47,159
are going to learn more here than you will learn any where
1694
01:45:47,159 --> 01:45:51,749
else. bar none. And you're going to see and understand more
1695
01:45:51,749 --> 01:45:54,659
about price action than you ever would learn from any course
1696
01:45:54,689 --> 01:45:59,969
any book, any author, any educator, any mentor none period.
1697
01:46:02,429 --> 01:46:04,679
And with that, I'm going to close this one and I will talk
1698
01:46:04,679 --> 01:46:07,799
to you next week. Enjoy your weekend. Be safe. Good luck and
1699
01:46:07,799 --> 01:46:08,279
good trading.