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Version 1.1 by Drunk Monkey on 2020-11-20 17:05
Show last authors
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3 ICT: l do, folks, welcome back. This is a price action
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7 lesson on institutional order flow, and smart money concepts
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11 and interbank price delivery.
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15 Right. So before we get into this, a lot of you, new
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19 students may not be aware of this particular pattern. This
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23 is something I've been teaching for a very long time. And it
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27 is my market maker sell model. Now, the point of this
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31 discussion tonight is just to draw the strong contrast
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35 between what it is that I do and trade with, versus things
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39 that come from the retail universe, specifically wycoff. So,
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43 if you look at this specific fractal This is a conceptual
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47 view of how a market pricing occurs from Original
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51 consolidation re cumulation, smart money reversal, low risk
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55 sell, redistribution, clearing the original consolidation.
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59 It's all of this right here. This is an original idea.
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63 That's mine. Okay, so a lot of you new folks probably
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67 already probably getting sick and tired of hearing me say
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71 this is mine, and this is mine. The reason why I'm doing
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75 that is because there's a lot of feedback I'm getting that
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79 you don't see through email. A lot of folks are making
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83 YouTube channels and videos, stating nonsense and reteaching
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87 my concepts but renaming him and trying to use the
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91 protective umbrella of wycoff. And we're going to show that
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95 my content is not like off. If you just look at this fractal
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99 here. This is not the markup and markdown phase of wycoff.
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103 Okay. There are specific elements in here that are not
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107 disclosed or talked about or even mentioned in wycoff
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111 theory. I'm going to take this idea this premise, okay, and
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115 just try to remember this image. Now you're welcome to
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119 screen capture this and put it in your notebook and print it
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123 out. Everyone knows about this because I've taught this even
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127 back when I was on baby pips, so it was in free tutorials.
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131 It's mentioned throughout the YouTube channel in various
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135 places. It's a hallmark to me. So there are elements that
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139 I'm going to cover in this lesson tonight that will help you
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143 eliminate the concern that you may have heard or read about.
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147 Whereas ICT namely me, inner circle trader just teaches
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151 wycoff renaming things. And like I said, that's the number
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155 one premise to this video. Plus, I'm gonna give you some
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159 nuggets and things that helps you see things that are maybe
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163 not available to you when you look at price now, but I teach
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167 these things in great detail. Many of them I teach in this
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171 you to channel for free. So just know that if you spend time
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175 at this channel, you're going to learn things that aren't
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179 everywhere else. Now they're starting to populate other
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183 YouTube channels and other websites because I'm training a
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187 lot. And when I say a lot, I think at the time of this
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191 recording, I have 59,000 students, their formal students. So
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195 it goes without saying with that level of student base. If
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199 something's as good as my stuff is, it's going to spread
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203 globally. And it is it's it's becoming viral everywhere. You
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207 smart money, this institutional trading that, you know,
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211 breakers, order blocks, all that stuff. It's based on the
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215 things that I've been teaching openly. Since 2010. Now, I've
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219 been training people since 1996 1995. I started marketing
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223 myself and started building a subscriber base then, but I
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227 was teaching market maker concepts officially In 1996, my
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231 trading began. And learning really began when I was 16. My
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235 first account opened up in November of 1992. And I blew out
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239 the first trade. And you guys know that 60% of my original
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243 position was taken away, and I got scared and close the
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247 account. Then I started again, more formally trading with
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251 new concepts and things I've learned from Larry Williams,
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255 and started building up a little bit a better understanding
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259 of what it is I wanted to do. And I got lucky in 1993 and
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263 had long stretch of luck. That just simply was all
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267 attributed to being in a market that was predisposed to go
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271 up. And I just couldn't really understand short selling.
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275 This lesson is going to help you understand how I've learned
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279 to trust going short because it's in this fractal, okay,
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283 when I say fractal, it's a pattern,
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287 this point of where it starts, where it trades up to as its
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291 highest point, and then you see the move going lower this
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295 entire move this swing. It occurs on all timeframes, and
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299 it's replicated on multiple timeframes. So when you see this
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303 pattern, this could be an hourly chart where it takes maybe
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307 1015, individual hourly candles to make this original
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311 consolidation, then you have a few candles that go up and
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315 then it consolidates again, it may be well, whatever this
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319 would have been this will be approximately about half of
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323 that. Not that it has any makeup on the underlying pattern,
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327 but the timeframe you're looking at all this idea or theory
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331 is applicable to all timeframes. And there's a reversal of
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335 this fractal which is the market maker by model. Now what
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339 makes this a sell model? When markets are in consolidation,
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343 what's occurring is there's a buildup of sentiment. Now the
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347 sentiment may not be strong enough at the time. So the
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351 algorithm that delivers price, and we're going to talk a
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355 little bit about that tonight, too. It waits for enough of
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359 open interest in the marketplace. And once that open
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363 interest becomes obvious, it's usually on the opposite side.
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367 So you would see many times opportunities where traders
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371 would be expected to go short, or there would be a lot of
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375 expectation to go lower, and the market would eventually run
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379 outside of that. And many times you'll see that this pattern
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383 really starts with the expectation of the market wants to go
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387 lower in the retail universe. In other words, the average
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391 retail trader will see this area in here and the price
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395 before it, leading to some idea that would be bearish. And
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399 if they're bearish, their stocks are gonna be placed right
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403 above Here, and the original run is to those individuals. So
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407 their buy stops are taken, but the market doesn't go there
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411 and then trade lower, it goes there and then consolidates
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415 and allows traders to build up more sentiment. What this
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419 period right here is it walls in large fund traders. Now
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423 large fund traders are the counterparty to the central banks
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427 on the trading end, no words. There are global commerce,
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431 there's transactions that are facilitated through the
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435 foreign exchange market. But the speculative side the
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439 counterparty that is provided for the large funds is the
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443 central banks themselves many times so they'll offer that
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447 liquidity and assume the risk. That risk is being used as a
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451 position that will be later profitable, because the central
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455 banks have a very deep pocketed Don't they're not concerned
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459 about how far this is going to go, because how far this
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463 rally is going to go up is pre determined. Now, again,
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467 that's unsettling when you hear that. It sounds like there's
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471 no way that this is like that. But it is. It absolutely is.
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475 And I can give you a plethora of proof examples, and I call
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479 it before happens if it wasn't true. You have a greater
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483 problem in trying to explain how it is that I know what's
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487 going on, because I'm gonna tell you right now, it's not
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491 like off. It's not supply and demand. It's not Elliott Wave.
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495 It's not harmonic patterns. Okay? I'm very controversial as
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499 an individual because I'm not going to sugarcoat anything,
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503 folks, I'm not going to sit here and hold your hand and
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507 pretend that all this retail stuff and indicators are going
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511 to help you. I'm going to tell you short and sweet that it
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515 is going to harm you, and it's going to stunt your growth.
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519 If you have been using those things, and you've been
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523 profitable, I can assure you, once you study my content,
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527 you're going to see really why those trades were profitable.
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531 It just so happens that those indicate We're flashing that
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535 particular view at the time. But I don't have a whole lot of
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539 things moving around, that would give me a view that will be
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543 opposing many times. And if I have opposing views in my
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547 analysis, that to me is uncertainty. And I'm going to sit on
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551 my hands and wait, I'm waiting for more information, more
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555 clarity, so the price will be able to reveal itself or tip
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559 its hand so to speak. So that way I feel comfortable with
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563 the next trade I'm going to take. So in short, the idea is
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567 we want to anticipate a run from an original consolidation,
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571 which is over here. And once this starts to run up, your eye
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575 needs to go right below these lows because right below these
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579 lows that sell side liquidity, this sell side liquidity is
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583 going to be targeted later on. But it's for the central
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587 banks to be profitable, okay, they're not going to give this
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591 opportunity. You openly not gonna make it available in books
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595 and it's not covered in wycoff. Okay, so Why am I so
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599 hard up on the wycoff? group? Okay, because if you're a
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603 wycoff student and you've been trading and maybe you're
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607 profitable, this lesson actually might be a little bit more
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611 beneficial to you. If you're new and you're reading or
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615 hearing other people, either directly or indirectly stating
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619 that I am re inventing. Okay, like off. You're going to be
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623 corrected tonight. Okay, and I'm doing that because we had
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627 this problem on baby pips years ago, people were saying, Oh,
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631 well, he strong supply and demand zones, and it's not supply
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635 and demand zones as you're going to see the night also. It's
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639 a very specific criteria that leads to probabilities. And
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643 it's highly specific. It's not conjecture, it's not
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647 contrived. But it has to start from a premise that leads to
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651 the market in a consolidation that sends price higher,
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655 because all this move right in here. This move for Regional
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659 consolidation out to the Smart Money reversal. And what's
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663 the Smart Money reversal? That's a level that should offer
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667 strong selling, or at least an intermediate term resistance.
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671 And this might be a retracement down. That is part of a
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675 larger up move. So don't think that this is a a topping
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679 formation in its entirety because it's not. I use this
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683 pattern on both sides of the marketplace. And sometimes I've
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687 done it in the same day. It's not limited to that, but you
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691 do have to understand what you're doing with it. And just
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695 because you can see this and maybe find an example of it in
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699 my teachings, or final example, in hindsight, it's not the
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703 same thing as you being able to see it forecasted and
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707 anticipate it, trade it both directions up, and then short
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711 it and go down. But the premise is this. You're taught and
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715 you hear other people on YouTube, you hear other people on
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719 courses and such. They'll say the buying pressure that led
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723 to this move up here. They'll say Smart Money bought all
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727 this driving price up. As soon as you hear that, get out of
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731 there, stop listening to those people, because that's not
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735 how the markets work. Buying pressure is not what causes
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739 these runs higher. It's repricing. That's it. Now I want you
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743 to think a little bit because you have to take your time
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746 00:12:24,360 ~-~-> 00:12:26,160
747 with this lesson. You probably have to watch it a few times
748
749 188
750 00:12:26,160 ~-~-> 00:12:30,360
751 too. But if prices consolidating like this, and I'm
752
753 189
754 00:12:30,360 ~-~-> 00:12:31,860
755 promised, we're going to go to a real price chart in a
756
757 190
758 00:12:31,860 ~-~-> 00:12:37,590
759 moment. But if markets are in consolidation, and we can look
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761 191
762 00:12:37,590 ~-~-> 00:12:41,340
763 at the market as a potential short term bullishness, that
764
765 192
766 00:12:41,340 ~-~-> 00:12:45,330
767 leads to a sell later on. Now, there's two camps in this
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769 193
770 00:12:45,330 ~-~-> 00:12:47,820
771 environment, one that will say, Okay, I'm going to be a
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773 194
774 00:12:47,820 ~-~-> 00:12:49,800
775 buyer and it's going to go up to that level and that's their
776
777 195
778 00:12:49,800 ~-~-> 00:12:54,210
779 trade completely and utterly done with the market after
780
781 196
782 00:12:54,210 ~-~-> 00:12:58,020
783 that. Other traders can sit here and say, Okay, I don't know
784
785 197
786 00:12:58,020 ~-~-> 00:13:01,140
787 if it's going to go up to that level here. But if it does, I
788
789 198
790 00:13:01,140 ~-~-> 00:13:03,720
791 want to sell short and their trade would be shorting here,
792
793 199
794 00:13:03,990 ~-~-> 00:13:08,970
795 down to this level here. Now, when you understand how the
796
797 200
798 00:13:08,970 ~-~-> 00:13:12,120
799 market delivers in books price, you can work from this level
800
801 201
802 00:13:12,120 ~-~-> 00:13:16,110
803 here to here. And then from here to here, them here, here,
804
805 202
806 00:13:16,140 ~-~-> 00:13:21,300
807 here to here, here to here. That's a dynamic, market
808
809 203
810 00:13:21,300 ~-~-> 00:13:24,030
811 efficient trader. I mean, they know what they're doing.
812
813 204
814 00:13:24,720 ~-~-> 00:13:27,540
815 That's going to take decades to get like that. And that's
816
817 205
818 00:13:27,540 ~-~-> 00:13:30,390
819 why I say when you see examples of me trading both sides of
820
821 206
822 00:13:30,390 ~-~-> 00:13:33,630
823 the range, buying long and going short in the same day,
824
825 207
826 00:13:33,630 ~-~-> 00:13:37,020
827 multiple times, you need to know a lot of stuff and I have
828
829 208
830 00:13:37,020 ~-~-> 00:13:41,280
831 not revealed those things in mentorship or anything. And you
832
833 209
834 00:13:41,280 ~-~-> 00:13:43,800
835 don't need to trade that way. You only need to understand
836
837 210
838 00:13:43,800 ~-~-> 00:13:47,760
839 one piece of this overall fractal pattern. Now whereas it
840
841 211
842 00:13:47,760 ~-~-> 00:13:52,170
843 might be from here to here, and the idea of this area here
844
845 212
846 00:13:52,200 ~-~-> 00:13:55,290
847 breaking down, that would be a stop out. So you would hold a
848
849 213
850 00:13:55,290 ~-~-> 00:13:58,260
851 trade until eventually stops you out. And that's how you
852
853 214
854 00:13:58,290 ~-~-> 00:14:02,400
855 catch a big runner. Don't try to capture the top because you
856
857 215
858 00:14:02,400 ~-~-> 00:14:05,040
859 don't know where that may be in your analysis, your level of
860
861 216
862 00:14:05,040 ~-~-> 00:14:08,040
863 understanding. So the idea would be the buy here and use
864
865 217
866 00:14:08,040 ~-~-> 00:14:10,350
867 this area here. If you get to that point get stopped out,
868
869 218
870 00:14:10,350 ~-~-> 00:14:13,080
871 and that would be your trade. So there's lots of different
872
873 219
874 00:14:13,080 ~-~-> 00:14:15,510
875 ways to use this fractal. And many of them I haven't even
876
877 220
878 00:14:15,510 ~-~-> 00:14:18,930
879 taught yet. But the general principle is, you start with
880
881 221
882 00:14:18,930 ~-~-> 00:14:21,300
883 consolidation, it's going to go up to a specific point that
884
885 222
886 00:14:21,300 ~-~-> 00:14:23,910
887 leads to selling and it goes lower.
888
889 223
890 00:14:24,390 ~-~-> 00:14:26,850
891 But I really want to understand that it's not buying
892
893 224
894 00:14:26,850 ~-~-> 00:14:30,480
895 pressure. Okay, it's not buyers. That leads the price to go
896
897 225
898 00:14:30,480 ~-~-> 00:14:34,620
899 up to this level. It's repricing because as soon as the
900
901 226
902 00:14:34,620 ~-~-> 00:14:38,730
903 central bank stops offering the price at these levels, and
904
905 227
906 00:14:38,730 ~-~-> 00:14:43,050
907 then starts repricing lower, that controls the sentiment of
908
909 228
910 00:14:43,050 ~-~-> 00:14:47,970
911 traders. They are not out there saying okay X amount of
912
913 229
914 00:14:47,970 ~-~-> 00:14:50,730
915 buyers have been buying it up and it's pushed it this far.
916
917 230
918 00:14:51,150 ~-~-> 00:14:54,240
919 It doesn't work that way. Folks, as much as the book say as
920
921 231
922 00:14:54,240 ~-~-> 00:14:57,060
923 much as these well meaning gurus and educators out there
924
925 232
926 00:14:57,060 ~-~-> 00:14:59,070
927 want to tell you this and they may subscribe to this
928
929 233
930 00:14:59,070 ~-~-> 00:15:02,070
931 wholeheartedly. That's how the markets go. It's buying and
932
933 234
934 00:15:02,070 ~-~-> 00:15:04,590
935 selling pressure. It's supply and demand. That's how these
936
937 235
938 00:15:04,590 ~-~-> 00:15:07,890
939 things happen. It's not how it works, okay? It's not how its
940
941 236
942 00:15:07,890 ~-~-> 00:15:10,770
943 work. It's not how it works. I don't mean to be
944
945 237
946 00:15:10,770 ~-~-> 00:15:14,280
947 disrespectful and I sound like an arrogant jerk. Okay, but
948
949 238
950 00:15:15,210 ~-~-> 00:15:18,720
951 if you've been watching this stuff, okay? And, okay, I'm not
952
953 239
954 00:15:18,720 ~-~-> 00:15:21,690
955 in here as someone just read 2000 books, and I figure, I'm a
956
957 240
958 00:15:21,720 ~-~-> 00:15:26,070
959 professional because of that. I have had people instill in
960
961 241
962 00:15:26,070 ~-~-> 00:15:30,540
963 me information that you're never going to see ever. It's
964
965 242
966 00:15:30,540 ~-~-> 00:15:34,260
967 never going to happen. When you get exposed to something
968
969 243
970 00:15:34,260 ~-~-> 00:15:37,830
971 like that, it changes you. It changes your perception of the
972
973 244
974 00:15:37,830 ~-~-> 00:15:42,630
975 marketplace, it changes your Well, my patience with retail
976
977 245
978 00:15:42,630 ~-~-> 00:15:45,720
979 ideas, or it's next to nothing. I don't have any patience
980
981 246
982 00:15:45,720 ~-~-> 00:15:51,450
983 with it whatsoever. And when I see people try to hide their
984
985 247
986 00:15:51,450 ~-~-> 00:15:53,730
987 real intentions, because what they're doing is they're
988
989 248
990 00:15:53,730 ~-~-> 00:15:56,430
991 teaching my concepts, but they're trying to call it
992
993 249
994 00:15:56,430 ~-~-> 00:15:57,990
995 something else. So that way, number one, they think they're
996
997 250
998 00:15:57,990 ~-~-> 00:16:01,980
999 going to avoid legal trouble with me. To the avoid all the
1000
1001 251
1002 00:16:03,240 ~-~-> 00:16:08,580
1003 drama that my teach my teachings are found in their works,
1004
1005 252
1006 00:16:08,910 ~-~-> 00:16:12,270
1007 but renamed, so my students will find them. Or I'll find
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1009 253
1010 00:16:12,270 ~-~-> 00:16:14,280
1011 them on YouTube because sometimes their videos get suggest
1012
1013 254
1014 00:16:14,280 ~-~-> 00:16:16,950
1015 because I'm predominantly looking at market related things
1016
1017 255
1018 00:16:17,250 ~-~-> 00:16:20,670
1019 on YouTube. So I'll get videos suggested to me. And I'm
1020
1021 256
1022 00:16:20,670 ~-~-> 00:16:23,220
1023 like, Wait, what? And I look at it. And that's something I
1024
1025 257
1026 00:16:23,220 ~-~-> 00:16:25,320
1027 just talked about yesterday. So now they have it in their
1028
1029 258
1030 00:16:25,320 ~-~-> 00:16:29,100
1031 video. Okay, so when I see that stuff, it's very offensive.
1032
1033 259
1034 00:16:29,160 ~-~-> 00:16:32,130
1035 I'm not like, I don't look at this, as you know, everybody
1036
1037 260
1038 00:16:32,130 ~-~-> 00:16:34,560
1039 wants to be like me. And I feel like that's a cool thing.
1040
1041 261
1042 00:16:35,070 ~-~-> 00:16:37,590
1043 That's not what I want you to do. I want you to be an
1044
1045 262
1046 00:16:37,590 ~-~-> 00:16:40,290
1047 independent thinker. And if you've learned something from
1048
1049 263
1050 00:16:40,290 ~-~-> 00:16:42,870
1051 me, hey, great and credit me, but don't try to reteach my
1052
1053 264
1054 00:16:42,870 ~-~-> 00:16:45,420
1055 stuff and don't try to make courses with my stuff. Because I
1056
1057 265
1058 00:16:45,420 ~-~-> 00:16:48,090
1059 come after people with that. And it's just I got plenty of
1060
1061 266
1062 00:16:48,090 ~-~-> 00:16:50,640
1063 time and money to do and people working behind me. You do
1064
1065 267
1066 00:16:50,640 ~-~-> 00:16:54,180
1067 those types of things for me, but I don't want that to
1068
1069 268
1070 00:16:54,180 ~-~-> 00:16:56,460
1071 happen. That's not what I want. And besides, you're never
1072
1073 269
1074 00:16:56,460 ~-~-> 00:16:58,140
1075 going to be a good trader. If you're doing that. You're just
1076
1077 270
1078 00:16:58,140 ~-~-> 00:17:03,030
1079 pretending you're being a copycat. copycatting is limited in
1080
1081 271
1082 00:17:03,030 ~-~-> 00:17:06,600
1083 what you can earn. You most the people that are doing it
1084
1085 272
1086 00:17:07,050 ~-~-> 00:17:11,640
1087 can't trade. And it's mostly the IML people, I markets live.
1088
1089 273
1090 00:17:11,910 ~-~-> 00:17:15,300
1091 I am Academy. I've thrown so many others individuals out of
1092
1093 274
1094 00:17:15,300 ~-~-> 00:17:18,660
1095 my course in my mentorship. And you can clearly see if
1096
1097 275
1098 00:17:18,660 ~-~-> 00:17:20,730
1099 you've ever looked at in their stuff, they'll talk about
1100
1101 276
1102 00:17:20,760 ~-~-> 00:17:23,790
1103 fair value gaps, which we'll talk about tonight. breakers
1104
1105 277
1106 00:17:23,820 ~-~-> 00:17:27,990
1107 mitigation blocks and 99% of time. They're classifying the
1108
1109 278
1110 00:17:27,990 ~-~-> 00:17:31,830
1111 chart in the element that they're trying to draw a parallel
1112
1113 279
1114 00:17:31,830 ~-~-> 00:17:35,250
1115 to, to my content. It's wrong. And that's why their analysis
1116
1117 280
1118 00:17:35,250 ~-~-> 00:17:37,920
1119 fails and I don't really go after the individuals to have
1120
1121 281
1122 00:17:38,340 ~-~-> 00:17:41,910
1123 their videos on YouTube that have fair value gas mentioned
1124
1125 282
1126 00:17:41,910 ~-~-> 00:17:45,330
1127 order blocks, ie calm institutional candles, but it's
1128
1129 283
1130 00:17:45,360 ~-~-> 00:17:48,990
1131 nonsense. There is no institutional candle, okay, there is
1132
1133 284
1134 00:17:48,990 ~-~-> 00:17:52,560
1135 no institutional gaps. Okay, there is no institutional
1136
1137 285
1138 00:17:53,550 ~-~-> 00:17:57,030
1139 candlesticks, okay. Or sniper candles, okay, all they've
1140
1141 286
1142 00:17:57,030 ~-~-> 00:18:01,140
1143 done was just simply changed the name of it. waterblock in
1144
1145 287
1146 00:18:01,140 ~-~-> 00:18:04,440
1147 99% of the time, they're classifying it wrong, and if you
1148
1149 288
1150 00:18:04,440 ~-~-> 00:18:08,100
1151 just watch their videos, everything they talk about as a
1152
1153 289
1154 00:18:08,100 ~-~-> 00:18:12,210
1155 future idea, it fails. So it kind of tells you that they
1156
1157 290
1158 00:18:12,210 ~-~-> 00:18:14,340
1159 don't know what you're talking about. You can put all the
1160
1161 291
1162 00:18:14,430 ~-~-> 00:18:18,420
1163 buzzwords and tags on your chart to draw attention to
1164
1165 292
1166 00:18:18,420 ~-~-> 00:18:21,900
1167 yourself. And sounds like you're institutionally minded, but
1168
1169 293
1170 00:18:21,900 ~-~-> 00:18:27,300
1171 you're not aware, you're not making number one proof that
1172
1173 294
1174 00:18:27,300 ~-~-> 00:18:29,280
1175 you know what you're doing. In fact, you're showing the
1176
1177 295
1178 00:18:29,310 ~-~-> 00:18:35,070
1179 opposite to your harming the viewers that are giving you
1180
1181 296
1182 00:18:35,070 ~-~-> 00:18:38,880
1183 their time, and energy and effort to try to pick up on what
1184
1185 297
1186 00:18:38,880 ~-~-> 00:18:41,820
1187 you're trying to teach, but you don't know how to do it. So
1188
1189 298
1190 00:18:41,850 ~-~-> 00:18:44,610
1191 again, I've mentioned this in the last video, and it
1192
1193 299
1194 00:18:44,610 ~-~-> 00:18:48,060
1195 probably won't be the last time I do it. But I really want
1196
1197 300
1198 00:18:48,060 ~-~-> 00:18:50,160
1199 you to think about if you're operating a YouTube channel,
1200
1201 301
1202 00:18:50,400 ~-~-> 00:18:53,760
1203 okay, and you're doing things like renaming my things. Look
1204
1205 302
1206 00:18:53,760 ~-~-> 00:18:58,620
1207 around. I'm having YouTube, take those videos down. And it
1208
1209 303
1210 00:18:58,620 ~-~-> 00:19:01,560
1211 only takes me to do one time. They take it down. They know
1212
1213 304
1214 00:19:01,590 ~-~-> 00:19:05,250
1215 my stuff. They've seen the documentation, it's my content.
1216
1217 305
1218 00:19:05,430 ~-~-> 00:19:10,200
1219 It's my copyright. It's my thing. So don't waste your time
1220
1221 306
1222 00:19:10,320 ~-~-> 00:19:13,050
1223 and don't take my videos and dump your native language
1224
1225 307
1226 00:19:13,050 ~-~-> 00:19:15,480
1227 overtop of them. Because I had them that guy, the whole
1228
1229 308
1230 00:19:15,480 ~-~-> 00:19:18,750
1231 channel taken down that do that. Okay. So,
1232
1233 309
1234 00:19:19,950 ~-~-> 00:19:25,920
1235 again, I'm not here to try to be a irritant. I'm here,
1236
1237 310
1238 00:19:26,340 ~-~-> 00:19:30,240
1239 giving you my time and my energy because I love doing this.
1240
1241 311
1242 00:19:30,750 ~-~-> 00:19:34,650
1243 I absolutely love doing it. It's my entire life. I've been
1244
1245 312
1246 00:19:34,650 ~-~-> 00:19:38,700
1247 doing this more than anything else, since I've been alive.
1248
1249 313
1250 00:19:39,420 ~-~-> 00:19:43,380
1251 And I like to believe that God's blessed me with an ability
1252
1253 314
1254 00:19:43,410 ~-~-> 00:19:47,310
1255 that I had made a promise to him. If he would bless me and
1256
1257 315
1258 00:19:47,310 ~-~-> 00:19:49,590
1259 give me the understanding to know how to do this. I would
1260
1261 316
1262 00:19:49,590 ~-~-> 00:19:52,470
1263 spend the rest of my life teaching other people how to do
1264
1265 317
1266 00:19:52,470 ~-~-> 00:19:56,910
1267 it. And I have been doing that. And I don't think that most
1268
1269 318
1270 00:19:56,910 ~-~-> 00:20:00,330
1271 people understand that promise because they Look at an
1272
1273 319
1274 00:20:00,360 ~-~-> 00:20:02,790
1275 opportunity. Well, he's got something that works really
1276
1277 320
1278 00:20:02,790 ~-~-> 00:20:05,970
1279 good. And it defies all logic in retail universe trading
1280
1281 321
1282 00:20:05,970 ~-~-> 00:20:08,610
1283 period. It's nothing like what I do. There's absolutely
1284
1285 322
1286 00:20:08,610 ~-~-> 00:20:11,400
1287 nothing you were doing some why is because it's the absolute
1288
1289 323
1290 00:20:11,430 ~-~-> 00:20:16,650
1291 market. It is the market. So when I say I'm teaching market
1292
1293 324
1294 00:20:16,650 ~-~-> 00:20:20,730
1295 maker concepts, I'm not teaching willy nilly patterns, okay,
1296
1297 325
1298 00:20:20,730 ~-~-> 00:20:24,090
1299 I'm not teaching some garbage. I'm teaching how the markets
1300
1301 326
1302 00:20:24,090 ~-~-> 00:20:27,690
1303 turn on a dime to the point or to PIP at a specific time of
1304
1305 327
1306 00:20:27,690 ~-~-> 00:20:31,890
1307 day, it's just a day of the week. Okay, I can do this every
1308
1309 328
1310 00:20:31,890 ~-~-> 00:20:37,050
1311 single day. The point is, you don't need to be that good at
1312
1313 329
1314 00:20:37,050 ~-~-> 00:20:40,320
1315 it. You only need to know one specific element about the
1316
1317 330
1318 00:20:40,320 ~-~-> 00:20:43,050
1319 marketplace that you're looking at. And then that one
1320
1321 331
1322 00:20:43,050 ~-~-> 00:20:47,340
1323 specific criteria, you repeat it over and over again, and
1324
1325 332
1326 00:20:47,340 ~-~-> 00:20:50,760
1327 then you add money management to that. So you're repeating
1328
1329 333
1330 00:20:50,760 ~-~-> 00:20:56,250
1331 something that is a have, basically a result that's
1332
1333 334
1334 00:20:56,250 ~-~-> 00:21:00,600
1335 expected. And then if you haven't a result, it's a spected
1336
1337 335
1338 00:21:00,840 ~-~-> 00:21:03,960
1339 that repeats more times than it fails. Because it's not.
1340
1341 336
1342 00:21:04,200 ~-~-> 00:21:06,930
1343 It's not perfection you're aiming for. In the beginning as a
1344
1345 337
1346 00:21:06,930 ~-~-> 00:21:08,970
1347 new trick, you're thinking you want perfection, it doesn't
1348
1349 338
1350 00:21:08,970 ~-~-> 00:21:13,200
1351 exist, I lose to. Even with the best of setups, I think it
1352
1353 339
1354 00:21:13,200 ~-~-> 00:21:17,700
1355 may be lined up from a interbank level. I still can get it
1356
1357 340
1358 00:21:17,700 ~-~-> 00:21:21,000
1359 wrong because the human in me, may spend more time looking
1360
1361 341
1362 00:21:21,000 ~-~-> 00:21:25,050
1363 at something that has less significance at the time. And
1364
1365 342
1366 00:21:25,050 ~-~-> 00:21:29,160
1367 usually that's at major tops and bottoms. Okay, I, that's
1368
1369 343
1370 00:21:29,160 ~-~-> 00:21:32,790
1371 where I fail. If I were to classify a specific timeframe,
1372
1373 344
1374 00:21:32,790 ~-~-> 00:21:36,510
1375 when I'm trading, majority of time, if I'm losing money,
1376
1377 345
1378 00:21:36,510 ~-~-> 00:21:40,830
1379 it's in areas where I'm trying to predict the direction that
1380
1381 346
1382 00:21:40,830 ~-~-> 00:21:43,800
1383 this move occurs. So I've learned over the 27 years I've
1384
1385 347
1386 00:21:43,800 ~-~-> 00:21:47,760
1387 been trading This is the wait for that move to come out. Not
1388
1389 348
1390 00:21:48,150 ~-~-> 00:21:50,820
1391 a breakout trader. I'm just waiting for that move to occur
1392
1393 349
1394 00:21:50,820 ~-~-> 00:21:53,880
1395 and then the imbalance that's created in here, okay, it'll
1396
1397 350
1398 00:21:53,880 ~-~-> 00:21:56,430
1399 either be a fair value gap, which we'll introduce tonight.
1400
1401 351
1402 00:21:56,430 ~-~-> 00:22:00,000
1403 It's been shared in my mentorship and trust me, there is so
1404
1405 352
1406 00:22:00,000 ~-~-> 00:22:01,800
1407 Much more to it than just looking at what I'm going to show
1408
1409 353
1410 00:22:01,800 ~-~-> 00:22:05,160
1411 you tonight. Or there may be an order block in here, or it
1412
1413 354
1414 00:22:05,160 ~-~-> 00:22:08,100
1415 may be a stop run. So there's three elements in here that
1416
1417 355
1418 00:22:08,130 ~-~-> 00:22:11,130
1419 are going to be a factor. Not all of them exist at the same
1420
1421 356
1422 00:22:11,130 ~-~-> 00:22:13,740
1423 time. So the question always is, is what do you look for? Do
1424
1425 357
1426 00:22:13,740 ~-~-> 00:22:16,080
1427 you look for a order block? Do you look for a fair value
1428
1429 358
1430 00:22:16,080 ~-~-> 00:22:18,660
1431 get? Or do you look for stops, it depends on the structure
1432
1433 359
1434 00:22:18,660 ~-~-> 00:22:21,000
1435 of the marketplace from that period where it leaves the
1436
1437 360
1438 00:22:21,000 ~-~-> 00:22:23,850
1439 consolidation. And it'll make more sense when we go into the
1440
1441 361
1442 00:22:23,850 ~-~-> 00:22:26,220
1443 live charts, but just will not live charts as the markets
1444
1445 362
1446 00:22:26,220 ~-~-> 00:22:30,120
1447 are closed. Now it's after we close on Friday, but we'll
1448
1449 363
1450 00:22:30,120 ~-~-> 00:22:33,750
1451 look at real charts. But once it gets in here, then I'm
1452
1453 364
1454 00:22:33,780 ~-~-> 00:22:36,780
1455 comfortable. And I know that this is likely to go where I
1456
1457 365
1458 00:22:36,780 ~-~-> 00:22:39,330
1459 think it's going to go and then I can be a buyer in here and
1460
1461 366
1462 00:22:39,330 ~-~-> 00:22:44,400
1463 right up to this area and then go short and reverse here or
1464
1465 367
1466 00:22:44,400 ~-~-> 00:22:47,850
1467 here depending on how strong of a opinion I have on the
1468
1469 368
1470 00:22:47,850 ~-~-> 00:22:53,160
1471 marketplace. It's a bullish market. Now, if you're not
1472
1473 369
1474 00:22:53,160 ~-~-> 00:22:55,080
1475 writing notes down, folks, I'm telling you, you're really
1476
1477 370
1478 00:22:55,080 ~-~-> 00:22:58,650
1479 wasting your time because if you listen to what I'm saying,
1480
1481 371
1482 00:22:58,650 ~-~-> 00:23:04,050
1483 I'm giving you things that I used to charge people $20,000.
1484
1485 372
1486 00:23:05,370 ~-~-> 00:23:11,220
1487 Now I'll say that again $20,000 okay to learn these types of
1488
1489 373
1490 00:23:11,220 ~-~-> 00:23:15,690
1491 things, and again, I put this bounty out before I did it on
1492
1493 374
1494 00:23:15,690 ~-~-> 00:23:18,060
1495 baby pips. Okay, I'm gonna do it right here because now it's
1496
1497 375
1498 00:23:18,060 ~-~-> 00:23:22,500
1499 on YouTube. There's a larger audience watching. I will pay
1500
1501 376
1502 00:23:22,650 ~-~-> 00:23:27,660
1503 100,000 US dollars to anyone that can find my concepts
1504
1505 377
1506 00:23:28,170 ~-~-> 00:23:32,220
1507 anywhere in print prior to 1996. Now I'll say that again,
1508
1509 378
1510 00:23:32,850 ~-~-> 00:23:37,080
1511 the way I train and teach the marketplace and how the
1512
1513 379
1514 00:23:37,080 ~-~-> 00:23:40,650
1515 interbank market prices, if you can find it anywhere prior
1516
1517 380
1518 00:23:40,650 ~-~-> 00:23:45,210
1519 to 1996, I will pay you 100,000 US dollars, period and the
1520
1521 381
1522 00:23:45,210 ~-~-> 00:23:49,350
1523 story done, and it will still be in my bank account 20 years
1524
1525 382
1526 00:23:49,350 ~-~-> 00:23:51,330
1527 from now because there isn't going to be anyone that can
1528
1529 383
1530 00:23:51,330 ~-~-> 00:23:54,780
1531 find it. I'm the author of this stuff. So when I say I
1532
1533 384
1534 00:23:54,780 ~-~-> 00:23:59,910
1535 authored it, I authored it. I have been paid by firms.
1536
1537 385
1538 00:24:00,540 ~-~-> 00:24:04,950
1539 bankers, traders, brokers, all of these individuals, I have
1540
1541 386
1542 00:24:04,950 ~-~-> 00:24:10,050
1543 consulted, period. They're not going to come to me if they
1544
1545 387
1546 00:24:10,050 ~-~-> 00:24:13,920
1547 can find this stuff in wycoff books, okay? I mean, I hate to
1548
1549 388
1550 00:24:13,920 ~-~-> 00:24:17,100
1551 sound that snide, but it's the way it is, folks.
1552
1553 389
1554 00:24:18,690 ~-~-> 00:24:21,300
1555 If you don't want to believe that just believe me on the
1556
1557 390
1558 00:24:21,300 ~-~-> 00:24:24,030
1559 sake that I can do these things, and I can tell you exactly
1560
1561 391
1562 00:24:24,030 ~-~-> 00:24:26,490
1563 what's going to happen before it happens, and it goes to the
1564
1565 392
1566 00:24:26,490 ~-~-> 00:24:32,310
1567 PIP over and over and over again. It's as simple as that. I
1568
1569 393
1570 00:24:32,310 ~-~-> 00:24:35,100
1571 don't need you to believe my words, I just need you to go in
1572
1573 394
1574 00:24:35,100 ~-~-> 00:24:39,090
1575 and investigate it with your own practice. And that alone
1576
1577 395
1578 00:24:39,090 ~-~-> 00:24:41,970
1579 will be the testimony you need, because you will see that
1580
1581 396
1582 00:24:41,970 ~-~-> 00:24:45,510
1583 it's the truth. That's what I'm telling everybody, every
1584
1585 397
1586 00:24:45,510 ~-~-> 00:24:48,300
1587 single person that comes to this YouTube channel, there's
1588
1589 398
1590 00:24:48,300 ~-~-> 00:24:51,360
1591 never been anyone that's completed every single video and
1592
1593 399
1594 00:24:51,360 ~-~-> 00:24:53,880
1595 said, You know, I've watched all your videos, and I really
1596
1597 400
1598 00:24:53,880 ~-~-> 00:24:58,770
1599 wish I would have never done it. They all send me the same
1600
1601 401
1602 00:24:58,800 ~-~-> 00:25:00,570
1603 if they're gonna send me anything at all. They send me the
1604
1605 402
1606 00:25:00,570 ~-~-> 00:25:04,290
1607 same type of response. Wow, I cannot believe you put this on
1608
1609 403
1610 00:25:04,290 ~-~-> 00:25:07,320
1611 youtube for free. This is better than any course anything
1612
1613 404
1614 00:25:07,320 ~-~-> 00:25:11,220
1615 out there. And I agree. And I just tell them, keep me keep
1616
1617 405
1618 00:25:11,220 ~-~-> 00:25:13,260
1619 me up to date with your training and let me know how you
1620
1621 406
1622 00:25:13,260 ~-~-> 00:25:18,840
1623 got. So I know this stuff is the best. It is the absolute
1624
1625 407
1626 00:25:18,840 ~-~-> 00:25:21,150
1627 best folks, you're going to be out there listening to these
1628
1629 408
1630 00:25:21,150 ~-~-> 00:25:26,700
1631 20 year olds parroting what I've said in old videos, okay.
1632
1633 409
1634 00:25:26,760 ~-~-> 00:25:30,930
1635 And they cannot prove they can do it. And they want to get
1636
1637 410
1638 00:25:30,930 ~-~-> 00:25:33,120
1639 you into these schemes where you enter this multi level
1640
1641 411
1642 00:25:33,150 ~-~-> 00:25:36,270
1643 crap. And you're never really learning how to trade. They
1644
1645 412
1646 00:25:36,270 ~-~-> 00:25:39,270
1647 can demonstrate my toys and my inventions on the left side
1648
1649 413
1650 00:25:39,270 ~-~-> 00:25:42,240
1651 of the chart, but they will never be able to do it live.
1652
1653 414
1654 00:25:42,420 ~-~-> 00:25:45,990
1655 They cannot do it. They won't do it because they don't know
1656
1657 415
1658 00:25:45,990 ~-~-> 00:25:49,380
1659 how to do it. They make money from subscriptions and let me
1660
1661 416
1662 00:25:49,380 ~-~-> 00:25:52,380
1663 tell you something. I could sign on to my paypal right now.
1664
1665 417
1666 00:25:52,860 ~-~-> 00:26:00,570
1667 Okay and show you $165,000 came into my paypal today Now
1668
1669 418
1670 00:26:00,570 ~-~-> 00:26:03,750
1671 think about that. Do you still see me with that money coming
1672
1673 419
1674 00:26:03,750 ~-~-> 00:26:09,390
1675 in? Do you ever see me posting my cars, my homes, my
1676
1677 420
1678 00:26:09,390 ~-~-> 00:26:14,070
1679 watches, you've seen some pictures and such of mine. Come on
1680
1681 421
1682 00:26:14,070 ~-~-> 00:26:17,010
1683 collection because I wanted to be different. But none of
1684
1685 422
1686 00:26:17,010 ~-~-> 00:26:19,680
1687 those other things you've never seen. And if you didn't
1688
1689 423
1690 00:26:19,680 ~-~-> 00:26:22,950
1691 believe I had money prior to me doing a mentorship, I really
1692
1693 424
1694 00:26:22,950 ~-~-> 00:26:26,160
1695 have it now. So why am I not showing all these things?
1696
1697 425
1698 00:26:26,250 ~-~-> 00:26:28,950
1699 Because that's not going to make you a better trader. It's
1700
1701 426
1702 00:26:28,950 ~-~-> 00:26:31,440
1703 not going to make you someone that is objective about the
1704
1705 427
1706 00:26:31,440 ~-~-> 00:26:35,490
1707 marketplace. And I'm not trying to sell that lifestyle. I
1708
1709 428
1710 00:26:35,490 ~-~-> 00:26:39,450
1711 don't particularly care. What anybody's opinion about about
1712
1713 429
1714 00:26:39,450 ~-~-> 00:26:42,870
1715 me personally is about whether or not I should show my toys.
1716
1717 430
1718 00:26:43,320 ~-~-> 00:26:45,450
1719 I just don't think I should do that I did those types of
1720
1721 431
1722 00:26:45,450 ~-~-> 00:26:48,450
1723 things when I was a younger man. I'm about to turn 50 in two
1724
1725 432
1726 00:26:48,450 ~-~-> 00:26:50,910
1727 years, so I may sound like a young guy cuz I'm I've always
1728
1729 433
1730 00:26:50,910 ~-~-> 00:26:55,470
1731 been what it is. But I'm actually a middle aged men, and I
1732
1733 434
1734 00:26:55,470 ~-~-> 00:26:59,310
1735 just don't live life like that. So I try to be as modest as
1736
1737 435
1738 00:26:59,310 ~-~-> 00:27:03,270
1739 I possibly can. In the areas I feel that it's important, but
1740
1741 436
1742 00:27:03,270 ~-~-> 00:27:06,120
1743 when it's authorship and things that I know that I have
1744
1745 437
1746 00:27:07,290 ~-~-> 00:27:10,860
1747 created, and I see other people trying to take credit for or
1748
1749 438
1750 00:27:10,890 ~-~-> 00:27:13,800
1751 to try to hide them stealing the idea and intellectual
1752
1753 439
1754 00:27:13,800 ~-~-> 00:27:20,430
1755 concepts. And plagiarism is really bad in industry. And most
1756
1757 440
1758 00:27:20,430 ~-~-> 00:27:22,590
1759 people would say, Well, if you're, if you're successful, you
1760
1761 441
1762 00:27:22,590 ~-~-> 00:27:24,990
1763 wouldn't care about this. Well, that's not true. Because I
1764
1765 442
1766 00:27:24,990 ~-~-> 00:27:26,550
1767 want you to understand this, and then we're gonna go into
1768
1769 443
1770 00:27:26,550 ~-~-> 00:27:30,750
1771 the heart of the teaching. I don't want people to look at me
1772
1773 444
1774 00:27:30,780 ~-~-> 00:27:35,010
1775 and worship me. That's not what this is. So if you're a new
1776
1777 445
1778 00:27:35,100 ~-~-> 00:27:37,680
1779 subscriber, if you're a new viewer, okay, and you just
1780
1781 446
1782 00:27:37,710 ~-~-> 00:27:41,040
1783 stumbled over top this channel, or someone shared a video
1784
1785 447
1786 00:27:41,040 ~-~-> 00:27:43,020
1787 and said, Hey, let me in. Let me start looking at some of
1788
1789 448
1790 00:27:43,020 ~-~-> 00:27:46,020
1791 these videos and you're watching this one now. I need you to
1792
1793 449
1794 00:27:46,020 ~-~-> 00:27:48,630
1795 understand this point. And again, this won't be the last
1796
1797 450
1798 00:27:48,630 ~-~-> 00:27:53,160
1799 time you hear about it either. I had a hard time in the
1800
1801 451
1802 00:27:53,160 ~-~-> 00:27:56,640
1803 beginning. It wasn't easy for me. And I didn't come from
1804
1805 452
1806 00:27:56,640 ~-~-> 00:28:02,280
1807 money. But I've always believed in In a God, I've always
1808
1809 453
1810 00:28:02,280 ~-~-> 00:28:05,820
1811 believed that the creator didn't just make us in his walk
1812
1813 454
1814 00:28:05,820 ~-~-> 00:28:14,160
1815 away from us. So I actively prayed for this skill set. And I
1816
1817 455
1818 00:28:14,160 ~-~-> 00:28:18,780
1819 believe he answered it. And I worked really hard. And it
1820
1821 456
1822 00:28:18,780 ~-~-> 00:28:21,480
1823 wasn't hard work that got me here, because I did a lot of
1824
1825 457
1826 00:28:21,480 ~-~-> 00:28:27,360
1827 hard work looking at the wrong things. And some twists of
1828
1829 458
1830 00:28:27,360 ~-~-> 00:28:31,020
1831 circumstances, we'll just say it that way. I fell into an
1832
1833 459
1834 00:28:31,020 ~-~-> 00:28:36,240
1835 opportunity that still baffles me today. But because of
1836
1837 460
1838 00:28:36,240 ~-~-> 00:28:40,560
1839 that, I understand things that you wouldn't know otherwise.
1840
1841 461
1842 00:28:41,100 ~-~-> 00:28:44,310
1843 And there's maybe people that's been trading longer than me.
1844
1845 462
1846 00:28:44,670 ~-~-> 00:28:46,920
1847 And they had been profitable. And they'll hear this video
1848
1849 463
1850 00:28:46,920 ~-~-> 00:28:48,690
1851 and say, this guy's full of crap he doesn't know he's
1852
1853 464
1854 00:28:48,690 ~-~-> 00:28:49,170
1855 talking about.
1856
1857 465
1858 00:28:50,460 ~-~-> 00:28:55,110
1859 I don't know what you subscribe to as a theory on trading.
1860
1861 466
1862 00:28:55,620 ~-~-> 00:29:00,840
1863 But I've done just about all of it and nothing Is truer than
1864
1865 467
1866 00:29:00,840 ~-~-> 00:29:04,620
1867 what I teach nothing. And you get to test drive it for free
1868
1869 468
1870 00:29:04,620 ~-~-> 00:29:08,490
1871 here on YouTube. So when I see other people try to take
1872
1873 469
1874 00:29:08,490 ~-~-> 00:29:12,120
1875 credit, or rename something because they want glory, and
1876
1877 470
1878 00:29:12,120 ~-~-> 00:29:14,460
1879 they want fast buck, and they want to live like the kids
1880
1881 471
1882 00:29:14,460 ~-~-> 00:29:19,020
1883 over there on Instagram, they can't trade. This idea of
1884
1885 472
1886 00:29:19,020 ~-~-> 00:29:24,360
1887 doing that isn't robbing me. It's robbing God. Because when
1888
1889 473
1890 00:29:24,360 ~-~-> 00:29:27,840
1891 people find me, I don't say, this is mine. This is mine
1892
1893 474
1894 00:29:27,840 ~-~-> 00:29:30,240
1895 worship me. I'm the best trader in the planet. I don't say
1896
1897 475
1898 00:29:30,240 ~-~-> 00:29:33,870
1899 that. Okay, I've said things like that in the past. But I
1900
1901 476
1902 00:29:33,870 ~-~-> 00:29:37,470
1903 want the viewer to understand the reason why I'm hung up on
1904
1905 477
1906 00:29:37,470 ~-~-> 00:29:43,620
1907 this is because when everybody follows me, they are going to
1908
1909 478
1910 00:29:43,620 ~-~-> 00:29:48,990
1911 hear me credit who it came from. And I prayed for this. And
1912
1913 479
1914 00:29:48,990 ~-~-> 00:29:51,780
1915 I worked very, very hard and working hard didn't get me
1916
1917 480
1918 00:29:51,780 ~-~-> 00:29:57,120
1919 there. But when he opened my eyes to certain things, I
1920
1921 481
1922 00:29:57,150 ~-~-> 00:29:59,880
1923 caught my attention. Let's put it that way. And then I said
1924
1925 482
1926 00:29:59,880 ~-~-> 00:30:04,950
1927 well If you make this available to me, I will give you my
1928
1929 483
1930 00:30:04,950 ~-~-> 00:30:09,000
1931 entire life to help other people. And I don't need to put
1932
1933 484
1934 00:30:09,000 ~-~-> 00:30:12,600
1935 this YouTube channel here. It's, it's been sitting here for
1936
1937 485
1938 00:30:12,600 ~-~-> 00:30:16,470
1939 years. And these videos are better than any course out there
1940
1941 486
1942 00:30:16,530 ~-~-> 00:30:20,850
1943 zero, nothing can come close to this. Nothing. Man, there's
1944
1945 487
1946 00:30:20,850 ~-~-> 00:30:23,460
1947 some pretty decent people out there who have well meaning
1948
1949 488
1950 00:30:23,460 ~-~-> 00:30:28,410
1951 intentions to try to train people. Even that it all pales in
1952
1953 489
1954 00:30:28,410 ~-~-> 00:30:32,640
1955 comparison. There's a lot of people in this industry also
1956
1957 490
1958 00:30:32,670 ~-~-> 00:30:35,520
1959 that because of privacy, I'm not going to rename and say
1960
1961 491
1962 00:30:35,520 ~-~-> 00:30:38,160
1963 hey, you know who, who's in your course who's in this who's
1964
1965 492
1966 00:30:38,160 ~-~-> 00:30:42,600
1967 trained on you? But you'd be surprised. You'd be very
1968
1969 493
1970 00:30:42,600 ~-~-> 00:30:48,300
1971 surprised to see who trained with me. So it's not an image
1972
1973 494
1974 00:30:48,300 ~-~-> 00:30:53,670
1975 thing with me. It's a giving glory to work justly deserved.
1976
1977 495
1978 00:30:54,840 ~-~-> 00:30:58,800
1979 Yes, I worked very hard. But it wasn't until God gave me his
1980
1981 496
1982 00:30:58,800 ~-~-> 00:31:03,030
1983 grace to see the things because they were always in the
1984
1985 497
1986 00:31:03,030 ~-~-> 00:31:07,890
1987 charts. They were always there. But no one ferreted out.
1988
1989 498
1990 00:31:08,970 ~-~-> 00:31:12,510
1991 Over 2000 books. And anything that came out new, I owned it,
1992
1993 499
1994 00:31:12,570 ~-~-> 00:31:17,100
1995 I bought it period. It was a course I bought it. From
1996
1997 500
1998 00:31:17,460 ~-~-> 00:31:22,260
1999 futures, contract trading, two options trading, to currency
2000
2001 501
2002 00:31:22,260 ~-~-> 00:31:26,580
2003 trading, Bond trading, stock trading, you name it. I have a
2004
2005 502
2006 00:31:26,580 ~-~-> 00:31:31,410
2007 library that's deep with all those things. And done to this
2008
2009 503
2010 00:31:31,440 ~-~-> 00:31:36,930
2011 exists and I have wycoff books. And again, wycoff was a
2012
2013 504
2014 00:31:36,960 ~-~-> 00:31:42,120
2015 theory of retail thinking that I made fun of, and I trolled
2016
2017 505
2018 00:31:42,150 ~-~-> 00:31:44,910
2019 an individual on America Online. His name was dean. And if I
2020
2021 506
2022 00:31:44,910 ~-~-> 00:31:47,190
2023 could meet him today, I would apologize to him because I was
2024
2025 507
2026 00:31:47,640 ~-~-> 00:31:50,160
2027 really an arrogant jerk. Back then you think I'm arrogant
2028
2029 508
2030 00:31:50,160 ~-~-> 00:31:53,430
2031 now, but I really really was an arrogant jerk on America
2032
2033 509
2034 00:31:53,430 ~-~-> 00:31:57,090
2035 Online. I was the definition of new money. You know, I had
2036
2037 510
2038 00:31:57,120 ~-~-> 00:32:02,010
2039 money coming in my hands because I was making Long trades in
2040
2041 511
2042 00:32:02,010 ~-~-> 00:32:04,200
2043 markets that were going to go up anyway. And I thought I was
2044
2045 512
2046 00:32:04,200 ~-~-> 00:32:08,190
2047 smart. And it was nothing. Simple 50 day moving average
2048
2049 513
2050 00:32:08,610 ~-~-> 00:32:13,980
2051 buying oversold, bullish divergence, hidden divergence, or
2052
2053 514
2054 00:32:14,010 ~-~-> 00:32:16,230
2055 trend falling in nature, which was invented by Nick man,
2056
2057 515
2058 00:32:16,230 ~-~-> 00:32:19,350
2059 nice. Nobody gives him credit to do to this day still, but
2060
2061 516
2062 00:32:19,350 ~-~-> 00:32:21,330
2063 he's the one that created that hidden divergence or type two
2064
2065 517
2066 00:32:21,330 ~-~-> 00:32:25,200
2067 divergence, or standard bullish divergence on a 60 minute
2068
2069 518
2070 00:32:25,200 ~-~-> 00:32:29,250
2071 chart. And that was it. That's, that's all I used. And I
2072
2073 519
2074 00:32:29,250 ~-~-> 00:32:35,790
2075 parlayed that up to $832,000. So people watch me do things
2076
2077 520
2078 00:32:35,790 ~-~-> 00:32:39,210
2079 like that America Online. And I because I was getting
2080
2081 521
2082 00:32:39,210 ~-~-> 00:32:42,690
2083 popular, and I saw somebody else starting another area of
2084
2085 522
2086 00:32:43,530 ~-~-> 00:32:47,490
2087 teaching. It was wycoff. His name was dean. And he seemed
2088
2089 523
2090 00:32:47,490 ~-~-> 00:32:50,880
2091 like a really nice guy, but I didn't like the descriptions
2092
2093 524
2094 00:32:50,880 ~-~-> 00:32:53,520
2095 that he used, like, you know, break the ice, or jump to
2096
2097 525
2098 00:32:53,520 ~-~-> 00:32:56,700
2099 creek or something like that. And if you studied wycoff, you
2100
2101 526
2102 00:32:56,700 ~-~-> 00:32:59,610
2103 probably know what I'm talking about. But those terms just
2104
2105 527
2106 00:33:00,000 ~-~-> 00:33:03,420
2107 Didn't jive with me and what was my problem? My problem was,
2108
2109 528
2110 00:33:03,900 ~-~-> 00:33:09,270
2111 I was a team, Larry Williams guy. Okay, and this is the
2112
2113 529
2114 00:33:09,270 ~-~-> 00:33:12,600
2115 number one reason why I've taught for years not to have a
2116
2117 530
2118 00:33:12,600 ~-~-> 00:33:15,600
2119 team mentality. You don't need to defend me. Okay? If I'm
2120
2121 531
2122 00:33:15,600 ~-~-> 00:33:17,580
2123 your mentor, you don't ever have to go on the internet and
2124
2125 532
2126 00:33:17,580 ~-~-> 00:33:19,860
2127 defend me. I don't care. Okay.
2128
2129 533
2130 00:33:20,730 ~-~-> 00:33:23,370
2131 No one's changing my lifestyle because they don't like me or
2132
2133 534
2134 00:33:23,370 ~-~-> 00:33:25,470
2135 they think I'm a fraud, or they think I'm fake, or they
2136
2137 535
2138 00:33:25,470 ~-~-> 00:33:27,930
2139 think I did this or that I have all kinds of stories and
2140
2141 536
2142 00:33:27,930 ~-~-> 00:33:31,170
2143 things that people are sharing about me, too, looking at my
2144
2145 537
2146 00:33:31,170 ~-~-> 00:33:33,510
2147 cousin's pair pants and thinking that's me in a picture and
2148
2149 538
2150 00:33:33,510 ~-~-> 00:33:38,940
2151 it's nonsense. It's nonsense. But all these things. Okay,
2152
2153 539
2154 00:33:38,940 ~-~-> 00:33:43,890
2155 about Larry Williams concepts. I was subscribed 120% to
2156
2157 540
2158 00:33:43,890 ~-~-> 00:33:46,890
2159 everything he said. If Larry Williams said it, then it's the
2160
2161 541
2162 00:33:46,890 ~-~-> 00:33:50,610
2163 gospel. And because the things that he talked about
2164
2165 542
2166 00:33:50,610 ~-~-> 00:33:53,730
2167 commercials, commitment traders, I could see it in
2168
2169 543
2170 00:33:53,730 ~-~-> 00:33:55,920
2171 hindsight, and I was like, that's it. That's the thing I'm
2172
2173 544
2174 00:33:55,920 ~-~-> 00:34:00,720
2175 looking for. So I was defending Larry Williams. Without any
2176
2177 545
2178 00:34:00,720 ~-~-> 00:34:03,570
2179 real need to defend Larry Williams. I mean, Larry Williams
2180
2181 546
2182 00:34:03,630 ~-~-> 00:34:09,870
2183 still has the leader board, record 11,000% gain from 1987
2184
2185 547
2186 00:34:10,020 ~-~-> 00:34:15,240
2187 World Cup champion. So what I need to defend him for, but
2188
2189 548
2190 00:34:15,240 ~-~-> 00:34:19,560
2191 because I was a young man, and I was watching someone else,
2192
2193 549
2194 00:34:20,070 ~-~-> 00:34:24,330
2195 get a crowd, I was thinking myself, This is nonsense, this
2196
2197 550
2198 00:34:24,330 ~-~-> 00:34:26,970
2199 doesn't make any sense. And I started looking at what he was
2200
2201 551
2202 00:34:26,970 ~-~-> 00:34:29,400
2203 doing. And I would sit in his his little teachings and
2204
2205 552
2206 00:34:29,400 ~-~-> 00:34:32,700
2207 things that he would do. And I was like, Okay, this doesn't
2208
2209 553
2210 00:34:32,700 ~-~-> 00:34:35,790
2211 make any sense to me. None whatsoever. So I would sit in the
2212
2213 554
2214 00:34:35,790 ~-~-> 00:34:38,760
2215 room in the chat room, one American online and trolling.
2216
2217 555
2218 00:34:39,120 ~-~-> 00:34:42,600
2219 That's all I would do. And what I was doing was, I was
2220
2221 556
2222 00:34:42,600 ~-~-> 00:34:47,910
2223 masking my confusion, because I was seeing things that I
2224
2225 557
2226 00:34:47,910 ~-~-> 00:34:52,440
2227 didn't understand. And I was looking for new things I was
2228
2229 558
2230 00:34:52,440 ~-~-> 00:34:56,550
2231 learning from Larry Williams. And it just it was a waste of
2232
2233 559
2234 00:34:56,550 ~-~-> 00:34:58,740
2235 time looking back at it, and there's a lot of you
2236
2237 560
2238 00:34:58,740 ~-~-> 00:35:00,810
2239 individuals that are here listening In this video, and
2240
2241 561
2242 00:35:00,810 ~-~-> 00:35:02,340
2243 you're the ones that put the thumbs down, like that's
2244
2245 562
2246 00:35:02,340 ~-~-> 00:35:04,380
2247 hurting my feelings, it doesn't make a difference to me what
2248
2249 563
2250 00:35:04,380 ~-~-> 00:35:09,360
2251 you do. But either you're an IML guy, or you're a
2252
2253 564
2254 00:35:09,450 ~-~-> 00:35:13,470
2255 repackager, or you're somebody that just loves putting the
2256
2257 565
2258 00:35:13,470 ~-~-> 00:35:16,080
2259 thumbs down, I don't care, I want you to understand, I don't
2260
2261 566
2262 00:35:16,080 ~-~-> 00:35:20,250
2263 care. I don't care what you think the individuals that are
2264
2265 567
2266 00:35:20,250 ~-~-> 00:35:24,090
2267 here, you're going to get what you're looking for. If you
2268
2269 568
2270 00:35:24,090 ~-~-> 00:35:26,610
2271 put the time into studying the things I'm giving you, you're
2272
2273 569
2274 00:35:26,610 ~-~-> 00:35:30,150
2275 going to find that thing that you've been unaware that
2276
2277 570
2278 00:35:30,150 ~-~-> 00:35:35,370
2279 exists. And when you see it, you can't unsee it. You're not
2280
2281 571
2282 00:35:35,370 ~-~-> 00:35:39,900
2283 beating the market maker here. Okay. I've had so many people
2284
2285 572
2286 00:35:40,380 ~-~-> 00:35:43,890
2287 point to other people out there that have created courses
2288
2289 573
2290 00:35:43,890 ~-~-> 00:35:46,770
2291 and sell them for $5,000 in such and such and such you never
2292
2293 574
2294 00:35:46,770 ~-~-> 00:35:49,230
2295 see these people trade. You never see them execute. And
2296
2297 575
2298 00:35:49,230 ~-~-> 00:35:51,900
2299 they're always entering after the move starts. And I don't
2300
2301 576
2302 00:35:51,900 ~-~-> 00:35:55,470
2303 do that. I'm buying when it's going down. And I'm selling
2304
2305 577
2306 00:35:55,470 ~-~-> 00:35:58,470
2307 short when it's going up. And I'm exiting when the markets
2308
2309 578
2310 00:35:58,470 ~-~-> 00:36:01,470
2311 are moving in my favor. Not when retraces unless it stops me
2312
2313 579
2314 00:36:01,470 ~-~-> 00:36:05,400
2315 out. Here you're going to learn to trade in line with the
2316
2317 580
2318 00:36:05,400 ~-~-> 00:36:08,640
2319 market maker, because the market maker is not the dealer.
2320
2321 581
2322 00:36:09,210 ~-~-> 00:36:12,210
2323 Okay? They are not the dealer. They are the central bank,
2324
2325 582
2326 00:36:12,210 ~-~-> 00:36:16,290
2327 the storehouse, the commodity producer or holder. And if
2328
2329 583
2330 00:36:16,290 ~-~-> 00:36:19,230
2331 we're looking at the Japanese yen, it's the Bank of Japan.
2332
2333 584
2334 00:36:19,500 ~-~-> 00:36:22,170
2335 If we're looking at the Australian dollar, it's the Bank of
2336
2337 585
2338 00:36:22,170 ~-~-> 00:36:24,210
2339 Australia for looking at the dollar. We're looking at the
2340
2341 586
2342 00:36:24,210 ~-~-> 00:36:29,130
2343 Federal Reserve. All of these banks run with the same
2344
2345 587
2346 00:36:29,190 ~-~-> 00:36:32,850
2347 algorithm. All of them, they all run on the same algorithm,
2348
2349 588
2350 00:36:33,210 ~-~-> 00:36:36,450
2351 the things that make them gyrate and move around. It's not
2352
2353 589
2354 00:36:36,450 ~-~-> 00:36:40,980
2355 buying and selling pressure. It's not okay, so with that
2356
2357 590
2358 00:36:40,980 ~-~-> 00:36:43,470
2359 idea, let's go into a price chart. Never thought we'd get
2360
2361 591
2362 00:36:43,470 ~-~-> 00:36:46,800
2363 here huh? Alright, so here we are. We are looking at a price
2364
2365 592
2366 00:36:46,800 ~-~-> 00:36:49,590
2367 chart of the euro dollar. Okay, this happens to be a 90
2368
2369 593
2370 00:36:49,590 ~-~-> 00:36:52,170
2371 minute chart and it's nothing special about 90 minutes. I
2372
2373 594
2374 00:36:52,170 ~-~-> 00:36:55,170
2375 just use 90 minutes because it makes it very clear to have
2376
2377 595
2378 00:36:55,200 ~-~-> 00:36:57,750
2379 the candles about the size they are and still had this much
2380
2381 596
2382 00:36:57,750 ~-~-> 00:37:04,170
2383 information. So I sent a post to the YouTube channel. And if
2384
2385 597
2386 00:37:04,170 ~-~-> 00:37:06,180
2387 you haven't been following along on the community tab, if
2388
2389 598
2390 00:37:06,180 ~-~-> 00:37:10,770
2391 you go to the inner circle trader, YouTube channel, and you
2392
2393 599
2394 00:37:10,770 ~-~-> 00:37:13,890
2395 click on the community tab. Again, this is where I've been
2396
2397 600
2398 00:37:13,890 ~-~-> 00:37:17,940
2399 using my way of reaching out to everyone. Now, my mentorship
2400
2401 601
2402 00:37:17,940 ~-~-> 00:37:21,960
2403 group, they get prompted about a video being posted in that.
2404
2405 602
2406 00:37:22,320 ~-~-> 00:37:26,940
2407 And any other insights or anything on my mind, I created
2408
2409 603
2410 00:37:26,970 ~-~-> 00:37:30,630
2411 this as a medium to be able to reach out to all of you. So
2412
2413 604
2414 00:37:30,630 ~-~-> 00:37:33,450
2415 if there's something on my mind that I'm trying to convey or
2416
2417 605
2418 00:37:33,450 ~-~-> 00:37:37,350
2419 share, or a heads up about a video may be coming. It's all
2420
2421 606
2422 00:37:37,350 ~-~-> 00:37:41,760
2423 here. So I sent this and I said, we'll go here and look at
2424
2425 607
2426 00:37:41,760 ~-~-> 00:37:45,720
2427 this and study this fractal. Okay, all this price action in
2428
2429 608
2430 00:37:45,720 ~-~-> 00:37:48,360
2431 here. And that's going to be the scope of this discussion
2432
2433 609
2434 00:37:48,360 ~-~-> 00:37:52,740
2435 tonight. So we're looking at it here. And hopefully you've
2436
2437 610
2438 00:37:52,740 ~-~-> 00:37:54,870
2439 done a little bit of homework if you haven't already studied
2440
2441 611
2442 00:37:54,870 ~-~-> 00:37:57,990
2443 it on your own, and look for certain things in this price
2444
2445 612
2446 00:37:57,990 ~-~-> 00:38:01,350
2447 action. Stop the video right now. Just remember where you
2448
2449 613
2450 00:38:01,350 ~-~-> 00:38:05,070
2451 are right now and minute marker, stop it, and then study
2452
2453 614
2454 00:38:05,070 ~-~-> 00:38:09,150
2455 this. And then once you have exhausted that time and effort,
2456
2457 615
2458 00:38:10,080 ~-~-> 00:38:12,180
2459 come back to the video and then watch it from there.
2460
2461 616
2462 00:38:12,210 ~-~-> 00:38:14,790
2463 Otherwise, you've been wasting your time and your waste the
2464
2465 617
2466 00:38:14,790 ~-~-> 00:38:18,450
2467 opportunity that would, I guess, present the
2468
2469 618
2470 00:38:18,450 ~-~-> 00:38:23,520
2471 best learning opportunity for this teaching. Alright, so
2472
2473 619
2474 00:38:23,520 ~-~-> 00:38:25,860
2475 when you look at price action like this many times, if
2476
2477 620
2478 00:38:25,860 ~-~-> 00:38:28,650
2479 you're new, it just doesn't look like it makes any sense
2480
2481 621
2482 00:38:28,650 ~-~-> 00:38:31,860
2483 whatsoever. But I'm going to walk you through this and my
2484
2485 622
2486 00:38:31,860 ~-~-> 00:38:35,010
2487 mentorship students, they know that most of the things I'm
2488
2489 623
2490 00:38:35,010 ~-~-> 00:38:38,520
2491 going to show you here, they were already made available to
2492
2493 624
2494 00:38:38,520 ~-~-> 00:38:44,730
2495 them in advance. But we're gonna look at the annotations
2496
2497 625
2498 00:38:44,730 ~-~-> 00:38:50,340
2499 here and let's maximize this a little bit more. Here we are.
2500
2501 626
2502 00:38:50,700 ~-~-> 00:38:55,830
2503 So this is the price action for this week in the euro
2504
2505 627
2506 00:38:55,830 ~-~-> 00:39:02,700
2507 dollar. And you can see that we had This old high price ran
2508
2509 628
2510 00:39:02,700 ~-~-> 00:39:07,410
2511 above that and collapsed and traded lower. I want to kind of
2512
2513 629
2514 00:39:07,410 ~-~-> 00:39:11,610
2515 like walk through a market maker sell model. Okay? And then
2516
2517 630
2518 00:39:11,610 ~-~-> 00:39:14,820
2519 once I show this, I'm going to show you in contrast what
2520
2521 631
2522 00:39:14,820 ~-~-> 00:39:17,940
2523 wycoff teaches, okay? And I'm not going to go into great
2524
2525 632
2526 00:39:17,940 ~-~-> 00:39:21,720
2527 detail but understand this. If you are one of those
2528
2529 633
2530 00:39:21,720 ~-~-> 00:39:25,410
2531 individuals, okay, that feels because you've watched the no
2532
2533 634
2534 00:39:25,410 ~-~-> 00:39:28,950
2535 YouTube channel, or you've watched someone tweet or if you
2536
2537 635
2538 00:39:28,950 ~-~-> 00:39:31,800
2539 watched someone on Instagram, or if you've been in another
2540
2541 636
2542 00:39:32,400 ~-~-> 00:39:35,790
2543 medium somewhere and they said ICT is just like off or
2544
2545 637
2546 00:39:35,790 ~-~-> 00:39:39,300
2547 supply and demand. I have teachings that literally go
2548
2549 638
2550 00:39:39,300 ~-~-> 00:39:44,220
2551 through and dissect the stark contrast between the two.
2552
2553 639
2554 00:39:44,460 ~-~-> 00:39:48,510
2555 Okay, and this is gonna be one of those examples here. When
2556
2557 640
2558 00:39:48,510 ~-~-> 00:39:51,270
2559 I look at price action and how I teach my students, we're
2560
2561 641
2562 00:39:51,270 ~-~-> 00:39:54,750
2563 looking for what is called a low resistance, liquidity run.
2564
2565 642
2566 00:39:55,230 ~-~-> 00:39:58,500
2567 Okay, and a low resistance liquidity run is the absolute
2568
2569 643
2570 00:39:58,530 ~-~-> 00:40:03,300
2571 easiest types of trades. That you can take There are also a
2572
2573 644
2574 00:40:03,300 ~-~-> 00:40:06,690
2575 high resistance liquidity run. Now a high resistance
2576
2577 645
2578 00:40:06,690 ~-~-> 00:40:11,280
2579 liquidity run still has the potential to unfold as a low
2580
2581 646
2582 00:40:11,280 ~-~-> 00:40:14,700
2583 resistance liquidity run. But generally low resistance
2584
2585 647
2586 00:40:14,700 ~-~-> 00:40:19,140
2587 liquidity runs get there quicker and less resistance, hence
2588
2589 648
2590 00:40:19,140 ~-~-> 00:40:22,350
2591 the name low resistance, it doesn't mean that you're going
2592
2593 649
2594 00:40:22,350 ~-~-> 00:40:25,620
2595 to have multiple layers of resistance to hit, okay, it just
2596
2597 650
2598 00:40:25,620 ~-~-> 00:40:30,150
2599 means that it has a lot of resistance in terms of time, the
2600
2601 651
2602 00:40:30,150 ~-~-> 00:40:33,630
2603 amount of time that's required for it to cross from where
2604
2605 652
2606 00:40:33,630 ~-~-> 00:40:36,600
2607 the inception of the move begins, and where it reaches its
2608
2609 653
2610 00:40:36,600 ~-~-> 00:40:43,230
2611 target. low resistance is very quick, very sudden moves like
2612
2613 654
2614 00:40:43,230 ~-~-> 00:40:46,410
2615 this, this would be a low resistance liquidity run, whereas
2616
2617 655
2618 00:40:46,410 ~-~-> 00:40:50,160
2619 this is a high resistance liquidity run. Now I'm not going
2620
2621 656
2622 00:40:50,160 ~-~-> 00:40:53,340
2623 to get in here and explain the facets that make them okay
2624
2625 657
2626 00:40:53,340 ~-~-> 00:40:56,280
2627 because that's mentorship but I'm already going to give you
2628
2629 658
2630 00:40:56,280 ~-~-> 00:41:01,440
2631 more here than I have ever shown in YouTube. And this is
2632
2633 659
2634 00:41:01,440 ~-~-> 00:41:04,470
2635 just scratching the surface. But everything I'm showing you
2636
2637 660
2638 00:41:04,470 ~-~-> 00:41:10,080
2639 here was talked about before it ever happened. So once I was
2640
2641 661
2642 00:41:10,080 ~-~-> 00:41:12,540
2643 there, I understand that and I'm going to prove it. Okay,
2644
2645 662
2646 00:41:12,540 ~-~-> 00:41:15,510
2647 I'm going to go over to my website and click into and show
2648
2649 663
2650 00:41:15,510 ~-~-> 00:41:17,940
2651 you where I was talking about the market going to this very
2652
2653 664
2654 00:41:17,940 ~-~-> 00:41:22,020
2655 level right here. Okay. So it's not a contrivance of my part
2656
2657 665
2658 00:41:22,020 ~-~-> 00:41:24,810
2659 to build this as an example saying, haha, look at me
2660
2661 666
2662 00:41:24,810 ~-~-> 00:41:28,470
2663 hindsight, I'm smart. I really want you to understand that
2664
2665 667
2666 00:41:28,560 ~-~-> 00:41:32,100
2667 you have no reason to buy into these ideas that I'm
2668
2669 668
2670 00:41:32,370 ~-~-> 00:41:35,700
2671 reinventing, rehashing, renaming or trying to take the
2672
2673 669
2674 00:41:35,700 ~-~-> 00:41:42,030
2675 credit from somebody from the 1900s. Okay, Richard wycoff. I
2676
2677 670
2678 00:41:42,030 ~-~-> 00:41:46,890
2679 want you if you doubt me, study it, go into wycoff read
2680
2681 671
2682 00:41:46,890 ~-~-> 00:41:49,950
2683 whatever you can, okay, and then go back into my YouTube
2684
2685 672
2686 00:41:49,950 ~-~-> 00:41:54,840
2687 channel. And you try to find any similarity whatsoever with
2688
2689 673
2690 00:41:54,840 ~-~-> 00:41:57,390
2691 that. It's the same thing that's happened when people
2692
2693 674
2694 00:41:57,390 ~-~-> 00:42:01,440
2695 started seeing me teaching me so Yeah, you're teaching what
2696
2697 675
2698 00:42:01,440 ~-~-> 00:42:04,590
2699 Chris Laurie teaches, because I use the term liquidity void
2700
2701 676
2702 00:42:04,830 ~-~-> 00:42:07,410
2703 that really picked up because there's a lot of students that
2704
2705 677
2706 00:42:07,410 ~-~-> 00:42:11,010
2707 were on baby pips. And when I talked about an imbalance,
2708
2709 678
2710 00:42:11,040 ~-~-> 00:42:12,660
2711 they were like, Oh, yeah, that's a liquidity void. I was
2712
2713 679
2714 00:42:12,660 ~-~-> 00:42:14,310
2715 like, Okay, well, if that's what you're familiar with them,
2716
2717 680
2718 00:42:14,310 ~-~-> 00:42:17,010
2719 we'll call it that. But they're actually price vacuums. And
2720
2721 681
2722 00:42:17,010 ~-~-> 00:42:20,970
2723 they existed before me. But a fair value gap is a very
2724
2725 682
2726 00:42:20,970 ~-~-> 00:42:23,370
2727 specific element. And you probably see that right here in a
2728
2729 683
2730 00:42:23,370 ~-~-> 00:42:31,650
2731 chart. The idea of price moving up from here to here, if you
2732
2733 684
2734 00:42:31,650 ~-~-> 00:42:34,830
2735 ask everyone in the trading university would say this was
2736
2737 685
2738 00:42:34,830 ~-~-> 00:42:39,240
2739 all buying pressure. When it's not over here, this old high
2740
2741 686
2742 00:42:39,240 ~-~-> 00:42:42,300
2743 here, there's by side liquidity resting above that, that
2744
2745 687
2746 00:42:42,300 ~-~-> 00:42:44,970
2747 means there's buyers that want to buy if it goes above that
2748
2749 688
2750 00:42:44,970 ~-~-> 00:42:50,100
2751 or stopped out at a loss for anyone that's going short. So
2752
2753 689
2754 00:42:50,130 ~-~-> 00:42:52,290
2755 that's what I mean when I say buy side liquidity when you
2756
2757 690
2758 00:42:52,290 ~-~-> 00:42:54,600
2759 see that above an old high or a specific level, like over
2760
2761 691
2762 00:42:54,600 ~-~-> 00:42:57,570
2763 here. He's relative equal highs in here. Relative equal
2764
2765 692
2766 00:42:57,570 ~-~-> 00:42:59,730
2767 highs, you don't hear that anywhere else. Except for the
2768
2769 693
2770 00:42:59,730 ~-~-> 00:43:02,520
2771 people that Copying off me now. I am ill and I am Academy
2772
2773 694
2774 00:43:02,520 ~-~-> 00:43:06,930
2775 and I markets live all those people. Yeah, frauds is what
2776
2777 695
2778 00:43:06,930 ~-~-> 00:43:11,340
2779 they are. So yeah, by liquidity, again by stocks that we
2780
2781 696
2782 00:43:11,340 ~-~-> 00:43:13,860
2783 receive that by some equity rescue above that.
2784
2785 697
2786 00:43:14,250 ~-~-> 00:43:16,890
2787 So when price is starting to here and starts to rally up,
2788
2789 698
2790 00:43:17,160 ~-~-> 00:43:20,820
2791 when it's going up like that what's actually occurring is
2792
2793 699
2794 00:43:20,850 ~-~-> 00:43:26,280
2795 the central banks are offering price higher. Now the buying
2796
2797 700
2798 00:43:26,820 ~-~-> 00:43:28,830
2799 that comes in the marketplace is forced if they're going to
2800
2801 701
2802 00:43:28,830 ~-~-> 00:43:32,730
2803 buy to buy at that price that's being offered. And as it
2804
2805 702
2806 00:43:32,730 ~-~-> 00:43:36,090
2807 gets filled the central bank prices again. So there's a
2808
2809 703
2810 00:43:36,090 ~-~-> 00:43:40,710
2811 mechanism that causes price to start spooling, it means it
2812
2813 704
2814 00:43:40,710 ~-~-> 00:43:43,650
2815 starts spreading Higher, higher or going lower, but it's
2816
2817 705
2818 00:43:43,650 ~-~-> 00:43:48,930
2819 basically gapping up every time a new transaction occurs.
2820
2821 706
2822 00:43:49,230 ~-~-> 00:43:54,060
2823 they're forced to buy at that price. So it's not not it's
2824
2825 707
2826 00:43:54,060 ~-~-> 00:43:56,610
2827 very you may be thinking I'm arguing semantics here, but I
2828
2829 708
2830 00:43:56,610 ~-~-> 00:44:00,000
2831 want you to really think about what I'm saying from this
2832
2833 709
2834 00:44:00,000 ~-~-> 00:44:05,190
2835 point here to above this high up in here. For the market to
2836
2837 710
2838 00:44:05,190 ~-~-> 00:44:08,310
2839 get to this price point, the central bank will keep offering
2840
2841 711
2842 00:44:08,370 ~-~-> 00:44:10,770
2843 a price higher and higher higher. And when it consolidates,
2844
2845 712
2846 00:44:10,770 ~-~-> 00:44:13,770
2847 it only goes down to a specific price level, which is again
2848
2849 713
2850 00:44:13,770 ~-~-> 00:44:15,960
2851 a fair value gap for an institutional order flow entry
2852
2853 714
2854 00:44:15,960 ~-~-> 00:44:18,480
2855 drill, which I'm not going to go into detail. But these are
2856
2857 715
2858 00:44:18,480 ~-~-> 00:44:23,910
2859 all my observations and creations. And I brought that to
2860
2861 716
2862 00:44:23,910 ~-~-> 00:44:26,940
2863 light. I gave that to the trading community. And it's
2864
2865 717
2866 00:44:26,970 ~-~-> 00:44:33,090
2867 highly, highly precise. And it's one sided. So you have to
2868
2869 718
2870 00:44:33,090 ~-~-> 00:44:35,910
2871 have a narrative understood, for it to work, otherwise
2872
2873 719
2874 00:44:35,910 ~-~-> 00:44:38,130
2875 you're gonna lose. And that's the reason why these 20 year
2876
2877 720
2878 00:44:38,130 ~-~-> 00:44:40,110
2879 olds can't do it. Because they don't know it. They just
2880
2881 721
2882 00:44:40,110 ~-~-> 00:44:43,200
2883 watched some videos that got on the fly. And they think they
2884
2885 722
2886 00:44:43,200 ~-~-> 00:44:45,600
2887 understand it because they watched it. It doesn't work that
2888
2889 723
2890 00:44:45,600 ~-~-> 00:44:48,630
2891 way. It's not a magic trick where you watch the sleight of
2892
2893 724
2894 00:44:48,630 ~-~-> 00:44:51,420
2895 hand, and then do it one time and then you understand it.
2896
2897 725
2898 00:44:51,450 ~-~-> 00:44:54,330
2899 It's not riding a bike either takes effort and you have to
2900
2901 726
2902 00:44:54,330 ~-~-> 00:44:56,010
2903 have more learning behind it.
2904
2905 727
2906 00:44:57,330 ~-~-> 00:44:57,900
2907 But this
2908
2909 728
2910 00:44:58,650 ~-~-> 00:45:01,410
2911 displacement that takes place Above this high here. That's
2912
2913 729
2914 00:45:01,410 ~-~-> 00:45:04,440
2915 because of the central bank offering price continuously
2916
2917 730
2918 00:45:04,530 ~-~-> 00:45:10,350
2919 higher. The buying, they don't offer it lower. To be you're
2920
2921 731
2922 00:45:10,350 ~-~-> 00:45:13,560
2923 told. It's the buying pressure it takes up it now it's the
2924
2925 732
2926 00:45:13,560 ~-~-> 00:45:18,420
2927 selling that's being offered at repricing. This is all a
2928
2929 733
2930 00:45:18,420 ~-~-> 00:45:22,890
2931 repricing model. Okay, all of this right here is a repricing
2932
2933 734
2934 00:45:22,920 ~-~-> 00:45:25,890
2935 it's repricing above this high, because they want that
2936
2937 735
2938 00:45:25,890 ~-~-> 00:45:28,980
2939 liquidity out. Why do they want this liquidity taken out?
2940
2941 736
2942 00:45:29,040 ~-~-> 00:45:31,740
2943 They want to purge the liquidity all this area here when it
2944
2945 737
2946 00:45:31,740 ~-~-> 00:45:35,880
2947 runs above that all the buy stops get hammered. If it's
2948
2949 738
2950 00:45:35,880 ~-~-> 00:45:38,190
2951 right above here, they're going to get hit it if it's up
2952
2953 739
2954 00:45:38,190 ~-~-> 00:45:41,640
2955 here in layered fashion. Okay, that means that they're going
2956
2957 740
2958 00:45:41,640 ~-~-> 00:45:46,170
2959 to see it send price higher to make sure all of the
2960
2961 741
2962 00:45:46,440 ~-~-> 00:45:48,930
2963 liquidity is taken out. And they really really ramp it up.
2964
2965 742
2966 00:45:48,930 ~-~-> 00:45:51,780
2967 And if you watch that community tab on my YouTube channel, I
2968
2969 743
2970 00:45:51,780 ~-~-> 00:45:54,720
2971 actually sent them a post right when it was trading here. I
2972
2973 744
2974 00:45:54,720 ~-~-> 00:45:58,680
2975 said, Alright, pay the trader. Now if you've been following
2976
2977 745
2978 00:45:58,680 ~-~-> 00:46:01,650
2979 me for any length of time, you You know that that's time to
2980
2981 746
2982 00:46:02,310 ~-~-> 00:46:05,970
2983 hit the ramps, you can take some money, get it off. My
2984
2985 747
2986 00:46:05,970 ~-~-> 00:46:09,420
2987 mentorship has been told that we were going to see this
2988
2989 748
2990 00:46:09,510 ~-~-> 00:46:14,280
2991 rally above, and we were talking about in March of 2020. And
2992
2993 749
2994 00:46:14,280 ~-~-> 00:46:17,010
2995 now here we are at the end of August just about and it
2996
2997 750
2998 00:46:17,010 ~-~-> 00:46:21,270
2999 finally hit this level and cleared it. If you look at August
3000
3001 751
3002 00:46:21,270 ~-~-> 00:46:25,470
3003 6, that's this high here. That's what this level is
3004
3005 752
3006 00:46:25,470 ~-~-> 00:46:31,050
3007 indicating. August 17, this level right here, what's
3008
3009 753
3010 00:46:31,050 ~-~-> 00:46:34,890
3011 actually occurring, the market breaks down below the 17th
3012
3013 754
3014 00:46:34,890 ~-~-> 00:46:39,660
3015 low and trades right back up into that order block. So it's
3016
3017 755
3018 00:46:39,660 ~-~-> 00:46:43,290
3019 the low of the August 17 daily candle. So the market trades
3020
3021 756
3022 00:46:43,290 ~-~-> 00:46:48,030
3023 up into that level here and starts to cascade lower. This
3024
3025 757
3026 00:46:48,060 ~-~-> 00:46:52,440
3027 overall fractal pattern is that market maker sell model.
3028
3029 758
3030 00:46:52,530 ~-~-> 00:46:55,620
3031 This is the Smart Money reversal. This is the purging of
3032
3033 759
3034 00:46:55,620 ~-~-> 00:46:59,880
3035 liquidity that was drawing price up all of these orders that
3036
3037 760
3038 00:46:59,880 ~-~-> 00:47:02,520
3039 were Buy side liquidity in order to buy stocks, think of it
3040
3041 761
3042 00:47:02,520 ~-~-> 00:47:05,640
3043 like that, whether it's buying on a breakout, or if it's
3044
3045 762
3046 00:47:05,640 ~-~-> 00:47:10,530
3047 buying a stop, that would protect a short position. So
3048
3049 763
3050 00:47:10,590 ~-~-> 00:47:12,630
3051 whenever you put a short position on, you put a buy stop on
3052
3053 764
3054 00:47:12,630 ~-~-> 00:47:15,600
3055 to protect it. If it goes up at a price point, you get
3056
3057 765
3058 00:47:15,600 ~-~-> 00:47:17,970
3059 stopped out either at a loss or wherever you had a trailing,
3060
3061 766
3062 00:47:18,330 ~-~-> 00:47:21,840
3063 stop protecting open profits. In this case, these
3064
3065 767
3066 00:47:21,840 ~-~-> 00:47:24,240
3067 individuals above here are thinking that this was
3068
3069 768
3070 00:47:24,240 ~-~-> 00:47:27,510
3071 resistance. So they go short here and put their stop loss up
3072
3073 769
3074 00:47:27,510 ~-~-> 00:47:32,130
3075 here. They ran that out. So what's actually occurring is the
3076
3077 770
3078 00:47:32,130 ~-~-> 00:47:35,040
3079 central banks are repricing higher, keeps offering Higher,
3080
3081 771
3082 00:47:35,040 ~-~-> 00:47:37,140
3083 higher higher, you have no choice if you're going to be a
3084
3085 772
3086 00:47:37,140 ~-~-> 00:47:40,200
3087 buyer. Or if you're in a short and you're getting squeezed.
3088
3089 773
3090 00:47:40,500 ~-~-> 00:47:43,260
3091 Where are you buying supplements if you're short here and
3092
3093 774
3094 00:47:43,260 ~-~-> 00:47:46,980
3095 even watching go up? If they want to protect your stop loss,
3096
3097 775
3098 00:47:46,980 ~-~-> 00:47:50,790
3099 what's happening? They're going to close their trade How are
3100
3101 776
3102 00:47:50,790 ~-~-> 00:47:52,740
3103 you gonna close the trade you have to buy it, gotta buy it
3104
3105 777
3106 00:47:52,740 ~-~-> 00:47:56,910
3107 back. So what's happening is every time it goes up any
3108
3109 778
3110 00:47:56,910 ~-~-> 00:48:00,000
3111 buying is forced to be buying at a higher price. Isn't
3112
3113 779
3114 00:48:00,000 ~-~-> 00:48:04,350
3115 Buying pressure know, the central banks are repricing higher
3116
3117 780
3118 00:48:04,350 ~-~-> 00:48:07,950
3119 and you're stuck, stuck getting in this squeeze that's
3120
3121 781
3122 00:48:07,950 ~-~-> 00:48:12,480
3123 called it's called a short squeeze. Okay, but that's not the
3124
3125 782
3126 00:48:12,480 ~-~-> 00:48:18,480
3127 logic in its purest sense. The pure sense is, this is a long
3128
3129 783
3130 00:48:18,480 ~-~-> 00:48:22,680
3131 term level that we've been eyeing since March of 2020. And
3132
3133 784
3134 00:48:22,680 ~-~-> 00:48:26,640
3135 if you look at a daily chart, just look for equal highs, and
3136
3137 785
3138 00:48:26,640 ~-~-> 00:48:30,600
3139 you'll find them. But in here, the market rallies up through
3140
3141 786
3142 00:48:30,600 ~-~-> 00:48:34,290
3143 that and all that by side liquidity becomes market orders to
3144
3145 787
3146 00:48:34,290 ~-~-> 00:48:38,940
3147 buy the marketplace. So what is the algorithm doing? It's
3148
3149 788
3150 00:48:38,940 ~-~-> 00:48:44,190
3151 setting the tone for a flood of counterparties for smart
3152
3153 789
3154 00:48:44,190 ~-~-> 00:48:48,570
3155 money to go short. All those buyers that are willing to buy
3156
3157 790
3158 00:48:48,570 ~-~-> 00:48:53,280
3159 at a higher price than this high here. All of this is
3160
3161 791
3162 00:48:53,280 ~-~-> 00:48:56,280
3163 perfect opportunity for smart money to be going short.
3164
3165 792
3166 00:48:56,580 ~-~-> 00:48:58,650
3167 They're going to get really good placement in the short
3168
3169 793
3170 00:48:58,650 ~-~-> 00:49:01,890
3171 positions. Then the market trades in here and hits the mean
3172
3173 794
3174 00:49:01,890 ~-~-> 00:49:05,160
3175 threshold of the 60 minute order block. I'll drop down to a
3176
3177 795
3178 00:49:05,160 ~-~-> 00:49:07,770
3179 60 minute in a moment. But that's what all this level is
3180
3181 796
3182 00:49:07,770 ~-~-> 00:49:10,500
3183 here. multiple opportunities to get in here, short, short,
3184
3185 797
3186 00:49:10,500 ~-~-> 00:49:13,050
3187 short, short, short. And this is a bull flag to retail
3188
3189 798
3190 00:49:13,050 ~-~-> 00:49:16,260
3191 traders, but it's a false flag, I teach that it breaks down
3192
3193 799
3194 00:49:16,260 ~-~-> 00:49:20,940
3195 back below the August 6 high. When the price breaks down
3196
3197 800
3198 00:49:20,940 ~-~-> 00:49:24,300
3199 like that, it creates a bounced price range. Now remember
3200
3201 801
3202 00:49:24,300 ~-~-> 00:49:26,370
3203 all these terms, because this is actually things that I
3204
3205 802
3206 00:49:26,370 ~-~-> 00:49:28,770
3207 teach in my mentorship. I'm not going to go through all the
3208
3209 803
3210 00:49:28,770 ~-~-> 00:49:31,080
3211 details of what makes it a balanced price range, but these
3212
3213 804
3214 00:49:31,080 ~-~-> 00:49:33,900
3215 are all things you absolutely learn. And it's not in any
3216
3217 805
3218 00:49:33,900 ~-~-> 00:49:39,720
3219 other theory or price action, retail, it's all nothing like
3220
3221 806
3222 00:49:39,720 ~-~-> 00:49:42,330
3223 this exists. Okay, anywhere else out side of what I teach.
3224
3225 807
3226 00:49:43,770 ~-~-> 00:49:47,430
3227 The algorithm is not going to go higher than this high here
3228
3229 808
3230 00:49:47,430 ~-~-> 00:49:49,830
3231 once we break down and create a fair value. fair value gap
3232
3233 809
3234 00:49:49,830 ~-~-> 00:49:53,430
3235 is a small little area where markets trade imbalance and
3236
3237 810
3238 00:49:53,430 ~-~-> 00:49:55,830
3239 this happens to be a sippy sellside unbalanced by seven
3240
3241 811
3242 00:49:55,830 ~-~-> 00:49:59,340
3243 efficiency. It's not meant for you to understand every bit
3244
3245 812
3246 00:49:59,340 ~-~-> 00:50:01,440
3247 of it on this game. These are all terms, these are all
3248
3249 813
3250 00:50:01,440 ~-~-> 00:50:06,810
3251 things that's going on here after the turn, okay, so all of
3252
3253 814
3254 00:50:06,810 ~-~-> 00:50:10,230
3255 this move here, all this move here where it rallies up in
3256
3257 815
3258 00:50:10,230 ~-~-> 00:50:13,230
3259 smartline, reversal, low risk cell, low risk cell
3260
3261 816
3262 00:50:13,260 ~-~-> 00:50:16,230
3263 redistribution and trace down to the regional consolidation.
3264
3265 817
3266 00:50:16,620 ~-~-> 00:50:20,190
3267 Remember that fractal I showed you with the market maker
3268
3269 818
3270 00:50:20,190 ~-~-> 00:50:25,440
3271 sell model, the original consolidation is the target. So all
3272
3273 819
3274 00:50:25,440 ~-~-> 00:50:29,160
3275 of this here, buyers are being forced to buy at a higher
3276
3277 820
3278 00:50:29,160 ~-~-> 00:50:31,200
3279 price. And it keeps going higher buying, buying, buying,
3280
3281 821
3282 00:50:31,200 ~-~-> 00:50:35,940
3283 buying, buying. So what's going on, they're buying either
3284
3285 822
3286 00:50:35,940 ~-~-> 00:50:38,190
3287 being squeezed out of their shorts or buying it with the
3288
3289 823
3290 00:50:38,190 ~-~-> 00:50:40,680
3291 expectation is going to keep going higher, then it hits this
3292
3293 824
3294 00:50:40,680 ~-~-> 00:50:45,180
3295 area here and we have capitulation. Where all this is
3296
3297 825
3298 00:50:45,210 ~-~-> 00:50:48,060
3299 obvious. And this is where everybody falls in love on social
3300
3301 826
3302 00:50:48,060 ~-~-> 00:50:51,480
3303 media and thinks that euros now a good time to buy. So they
3304
3305 827
3306 00:50:51,480 ~-~-> 00:50:54,810
3307 start chasing it there. So there's more people coming in.
3308
3309 828
3310 00:50:54,840 ~-~-> 00:50:58,110
3311 That's why they hold it here. The algorithm stays in this
3312
3313 829
3314 00:50:58,110 ~-~-> 00:51:01,770
3315 area. Now before the markets change. into an electronic
3316
3317 830
3318 00:51:01,770 ~-~-> 00:51:04,680
3319 format where really nobody manually does too much anymore,
3320
3321 831
3322 00:51:04,680 ~-~-> 00:51:09,450
3323 but it does sometimes occur. The actual market makers that
3324
3325 832
3326 00:51:09,450 ~-~-> 00:51:13,140
3327 would reprice, the currencies that used to be a group of men
3328
3329 833
3330 00:51:13,140 ~-~-> 00:51:15,900
3331 that would do it, they would hold price just like you see it
3332
3333 834
3334 00:51:15,900 ~-~-> 00:51:19,140
3335 here. And it would be in a defined range. And that range is
3336
3337 835
3338 00:51:19,140 ~-~-> 00:51:22,680
3339 defined by that order block. Now, the order block isn't what
3340
3341 836
3342 00:51:22,980 ~-~-> 00:51:28,080
3343 I was trained order block is a theory that I coined, that
3344
3345 837
3346 00:51:28,080 ~-~-> 00:51:31,770
3347 was very, very close to what I learned about how the central
3348
3349 838
3350 00:51:31,770 ~-~-> 00:51:37,260
3351 banks price in and book these currencies. There, isn't it I
3352
3353 839
3354 00:51:37,260 ~-~-> 00:51:39,510
3355 know you're gonna be wanting to send me emails and such, you
3356
3357 840
3358 00:51:39,510 ~-~-> 00:51:42,270
3359 know, where did you learn this at What book? Did you learn
3360
3361 841
3362 00:51:42,270 ~-~-> 00:51:44,160
3363 it from? Who was the person that taught you blah, blah,
3364
3365 842
3366 00:51:44,160 ~-~-> 00:51:48,180
3367 blah, that none of that stuff is it? It's not open public
3368
3369 843
3370 00:51:48,210 ~-~-> 00:51:51,990
3371 information. I have made it public information as close as I
3372
3373 844
3374 00:51:51,990 ~-~-> 00:51:55,590
3375 can. But there's a threshold I can't cross. Just like my
3376
3377 845
3378 00:51:55,590 ~-~-> 00:52:00,000
3379 students have a NDA. Most of them uphold to it but others
3380
3381 846
3382 00:52:00,000 ~-~-> 00:52:03,270
3383 Few of them to happen. And you know, you're always going to
3384
3385 847
3386 00:52:03,270 ~-~-> 00:52:06,450
3387 have that there's consequences come with that. And I don't
3388
3389 848
3390 00:52:06,450 ~-~-> 00:52:09,990
3391 want to cross the line that has been set for me too. So I
3392
3393 849
3394 00:52:09,990 ~-~-> 00:52:15,720
3395 get warned a lot. Okay, I get warned a lot, and I knew how
3396
3397 850
3398 00:52:15,720 ~-~-> 00:52:20,640
3399 far I can go. So the things that I have shared, and the
3400
3401 851
3402 00:52:20,640 ~-~-> 00:52:23,850
3403 things I haven't taught yet are as far as I'm gonna go,
3404
3405 852
3406 00:52:24,030 ~-~-> 00:52:26,850
3407 because you're just not supposed to know these things. And
3408
3409 853
3410 00:52:27,210 ~-~-> 00:52:29,400
3411 if that sounds like a tinfoil hat conspiracy, you want to
3412
3413 854
3414 00:52:29,400 ~-~-> 00:52:31,980
3415 turn the video off. I understand. Take care, good luck, good
3416
3417 855
3418 00:52:31,980 ~-~-> 00:52:35,880
3419 trading, but that's just the honesty. When you look at price
3420
3421 856
3422 00:52:35,880 ~-~-> 00:52:38,670
3423 when it trades above this old high and it floods the market
3424
3425 857
3426 00:52:38,670 ~-~-> 00:52:43,050
3427 by liquidity and smart money's wanting to go short. Also
3428
3429 858
3430 00:52:43,050 ~-~-> 00:52:48,420
3431 count every time that the market was offered here in large
3432
3433 859
3434 00:52:48,420 ~-~-> 00:52:51,060
3435 traders, not just every retail trader out there, but large
3436
3437 860
3438 00:52:51,060 ~-~-> 00:52:54,300
3439 traders may be going into the marketplace going long here
3440
3441 861
3442 00:52:54,300 ~-~-> 00:52:58,680
3443 too. So it those times when the market is being offered, and
3444
3445 862
3446 00:52:58,680 ~-~-> 00:53:04,980
3447 when a large side Or sighs of position, the bank will assume
3448
3449 863
3450 00:53:04,980 ~-~-> 00:53:10,230
3451 that risk. Now it doesn't always do it. But generally, it
3452
3453 864
3454 00:53:10,260 ~-~-> 00:53:14,760
3455 will do it when it's opportunity for them to make money. Now
3456
3457 865
3458 00:53:14,760 ~-~-> 00:53:16,800
3459 you probably think, oh, central banks don't do that. Well,
3460
3461 866
3462 00:53:16,860 ~-~-> 00:53:20,760
3463 listen, you don't know you're talking about. I do. And I
3464
3465 867
3466 00:53:20,760 ~-~-> 00:53:24,840
3467 proved this every single week, every instance where they
3468
3469 868
3470 00:53:24,840 ~-~-> 00:53:27,390
3471 were Counterparty to anyone that was buying here because to
3472
3473 869
3474 00:53:27,390 ~-~-> 00:53:30,120
3475 be a buyer, you have to have someone sell it to you. So
3476
3477 870
3478 00:53:30,120 ~-~-> 00:53:33,900
3479 who's selling it to them who's selling it all this rally up
3480
3481 871
3482 00:53:35,220 ~-~-> 00:53:39,840
3483 the bank. So every time they're offering the liquidity to do
3484
3485 872
3486 00:53:39,840 ~-~-> 00:53:43,680
3487 that those positions are underwater just for a short period
3488
3489 873
3490 00:53:43,680 ~-~-> 00:53:49,470
3491 of time. When those positions become net positive over here,
3492
3493 874
3494 00:53:50,790 ~-~-> 00:53:55,680
3495 they're aiming to get out here. So there's a core position
3496
3497 875
3498 00:53:55,740 ~-~-> 00:54:00,000
3499 in here that will be basically mark to market at no profit.
3500
3501 876
3502 00:54:00,000 ~-~-> 00:54:04,620
3503 No loss. At some point when it gets over here. Over here,
3504
3505 877
3506 00:54:04,800 ~-~-> 00:54:06,990
3507 they're going to, they're going to attack the original
3508
3509 878
3510 00:54:06,990 ~-~-> 00:54:11,520
3511 buyers over here. So, all this buying all the buyers in
3512
3513 879
3514 00:54:11,520 ~-~-> 00:54:14,610
3515 here, their Counterparty is the bank that bank
3516
3517 880
3518 00:54:14,640 ~-~-> 00:54:17,340
3519 will get its money back and then profit when it goes down
3520
3521 881
3522 00:54:17,340 ~-~-> 00:54:21,150
3523 here. Every position that they offered sells liquidity to
3524
3525 882
3526 00:54:21,180 ~-~-> 00:54:24,180
3527 here and all through here they match that with the buyers,
3528
3529 883
3530 00:54:24,600 ~-~-> 00:54:29,850
3531 this flood of buy stocks that get purged. This purging of
3532
3533 884
3534 00:54:29,850 ~-~-> 00:54:33,810
3535 that buy side liquidity becomes a massive short position.
3536
3537 885
3538 00:54:34,110 ~-~-> 00:54:37,890
3539 That Yes, they took on position risk here by offering
3540
3541 886
3542 00:54:37,890 ~-~-> 00:54:41,760
3543 Counterparty sellside liquidity to buyers. It's not buying
3544
3545 887
3546 00:54:41,760 ~-~-> 00:54:45,540
3547 pressure. Again, it's not buying pressure. They were in
3548
3549 888
3550 00:54:45,540 ~-~-> 00:54:48,210
3551 control of price the entire time it was going up that sell
3552
3553 889
3554 00:54:48,210 ~-~-> 00:54:52,350
3555 side delivery. Sell side delivery repricing model that takes
3556
3557 890
3558 00:54:52,350 ~-~-> 00:54:54,570
3559 out by side liquidity guess what you just learned to real
3560
3561 891
3562 00:54:54,570 ~-~-> 00:54:57,450
3563 things that comes from the central bank's those words.
3564
3565 892
3566 00:54:57,480 ~-~-> 00:55:01,950
3567 They're the real things You don't want to hear those things
3568
3569 893
3570 00:55:01,950 ~-~-> 00:55:05,820
3571 though. You want to hear bullish divergence, MACD crossovers
3572
3573 894
3574 00:55:05,820 ~-~-> 00:55:11,850
3575 and harmonic that patterns. Because that sounds cool. It's
3576
3577 895
3578 00:55:11,850 ~-~-> 00:55:15,090
3579 the boring truth. That's how these markets work. Okay, so
3580
3581 896
3582 00:55:15,120 ~-~-> 00:55:17,130
3583 the sell side liquidity that's matched with the buy side
3584
3585 897
3586 00:55:17,130 ~-~-> 00:55:21,840
3587 liquidity being purged here, that position overtakes any of
3588
3589 898
3590 00:55:21,840 ~-~-> 00:55:25,710
3591 the short term adversities they assumed here. And all this
3592
3593 899
3594 00:55:25,710 ~-~-> 00:55:27,990
3595 model going lower and repricing below the original
3596
3597 900
3598 00:55:27,990 ~-~-> 00:55:31,500
3599 consolidation, that is my market maker sell model. That's
3600
3601 901
3602 00:55:31,500 ~-~-> 00:55:34,680
3603 how markets book. That's the fractal that unfolds all
3604
3605 902
3606 00:55:34,680 ~-~-> 00:55:37,500
3607 timeframes all the time. And depending on what type of
3608
3609 903
3610 00:55:37,500 ~-~-> 00:55:39,360
3611 trader you are, you could be a buyer here and you sell out
3612
3613 904
3614 00:55:39,360 ~-~-> 00:55:41,820
3615 here and that's your trade. That's your model. Or you can
3616
3617 905
3618 00:55:41,820 ~-~-> 00:55:43,920
3619 look at this area here and sell short and say okay, once it
3620
3621 906
3622 00:55:43,920 ~-~-> 00:55:46,800
3623 gets below this first swing low here, out there, and I'm
3624
3625 907
3626 00:55:46,800 ~-~-> 00:55:48,930
3627 going to miss all this move or I'm going to wait for this
3628
3629 908
3630 00:55:48,930 ~-~-> 00:55:53,520
3631 move here, which is what this is the easiest last ditch
3632
3633 909
3634 00:55:54,000 ~-~-> 00:55:58,890
3635 opportunity to go short. Now it's gonna look like all this
3636
3637 910
3638 00:55:58,890 ~-~-> 00:56:02,190
3639 stuff was this hindsight. Like, you know, I'm making it work
3640
3641 911
3642 00:56:02,190 ~-~-> 00:56:05,700
3643 right now. And this level offered no real visibility prior
3644
3645 912
3646 00:56:05,700 ~-~-> 00:56:08,040
3647 to it actually falling down. Okay, I'm going to actually go
3648
3649 913
3650 00:56:08,040 ~-~-> 00:56:10,800
3651 into my mentorship forum, click on a video that I did on the
3652
3653 914
3654 00:56:10,800 ~-~-> 00:56:15,120
3655 19th of August 2020. And I'm gonna scrub over to the part
3656
3657 915
3658 00:56:15,120 ~-~-> 00:56:16,770
3659 where I talked about how it's going to go right below here.
3660
3661 916
3662 00:56:17,400 ~-~-> 00:56:20,460
3663 Okay, so I'm not gonna play the whole video, but I'm going
3664
3665 917
3666 00:56:20,460 ~-~-> 00:56:22,800
3667 to show you in my mentorship students, they all know that
3668
3669 918
3670 00:56:22,830 ~-~-> 00:56:25,500
3671 it's in there, too. They can go to that seven minute mark in
3672
3673 919
3674 00:56:25,500 ~-~-> 00:56:28,860
3675 three seconds. And you'll see it's right there. I actually
3676
3677 920
3678 00:56:28,860 ~-~-> 00:56:32,730
3679 outlined some of the scenarios that would lead to a shorting
3680
3681 921
3682 00:56:32,730 ~-~-> 00:56:37,530
3683 opportunity that would go here. Okay, so while I'm not a
3684
3685 922
3686 00:56:37,530 ~-~-> 00:56:40,620
3687 signal service, I'm not holding your hand saying buy here,
3688
3689 923
3690 00:56:40,620 ~-~-> 00:56:42,900
3691 sell here, but your stock here, I'm not. I'm not doing it. I
3692
3693 924
3694 00:56:42,900 ~-~-> 00:56:46,320
3695 do it once in a while for exercises and for homework for
3696
3697 925
3698 00:56:46,320 ~-~-> 00:56:49,590
3699 individuals that are in my group that want to practice a
3700
3701 926
3702 00:56:49,590 ~-~-> 00:56:52,620
3703 specific way of trading. We were bullish. I said the first
3704
3705 927
3706 00:56:52,620 ~-~-> 00:56:56,880
3707 half of this past week on the previous Friday. I said that
3708
3709 928
3710 00:56:56,880 ~-~-> 00:56:59,460
3711 we would go up we run this area here and we will be bullish
3712
3713 929
3714 00:56:59,460 ~-~-> 00:57:03,120
3715 for the first half. Week. And then once I got that I took
3716
3717 930
3718 00:57:03,120 ~-~-> 00:57:05,010
3719 off Thursday, I didn't worry about doing you guys didn't
3720
3721 931
3722 00:57:05,010 ~-~-> 00:57:09,900
3723 hear from me. I was nursing my shoulder and my back and just
3724
3725 932
3726 00:57:09,900 ~-~-> 00:57:13,260
3727 relaxed. And Thursday was an ugly day. And then Friday, we
3728
3729 933
3730 00:57:13,260 ~-~-> 00:57:15,420
3731 went right into the level outlined on my Wednesday midweek
3732
3733 934
3734 00:57:15,420 ~-~-> 00:57:20,190
3735 review. So again, I can forecast this stuff and using all
3736
3737 935
3738 00:57:20,190 ~-~-> 00:57:23,070
3739 the things that I'm showing you here, but none of these
3740
3741 936
3742 00:57:23,070 ~-~-> 00:57:27,720
3743 things are wycoff. This last candle right here, let me take
3744
3745 937
3746 00:57:28,980 ~-~-> 00:57:33,600
3747 this off axis change to a different color. All right, you
3748
3749 938
3750 00:57:33,600 ~-~-> 00:57:37,650
3751 see that green candle right here. That is a bearish order
3752
3753 939
3754 00:57:37,650 ~-~-> 00:57:45,450
3755 block. It's part of the buy side of the curve, the curve is
3756
3757 940
3758 00:57:45,780 ~-~-> 00:57:49,740
3759 the highest point of the market maker, some model or the
3760
3761 941
3762 00:57:49,740 ~-~-> 00:57:53,100
3763 lowest point in the market maker by model. So when you put
3764
3765 942
3766 00:57:53,100 ~-~-> 00:57:57,540
3767 that vertical line on there, and you delineate that on a
3768
3769 943
3770 00:57:57,540 ~-~-> 00:58:01,170
3771 market maker, sell model everything to the left The curve is
3772
3773 944
3774 00:58:01,170 ~-~-> 00:58:02,490
3775 all by sight oriented.
3776
3777 945
3778 00:58:04,710 ~-~-> 00:58:08,040
3779 The Counterparty is not what you have to think like the
3780
3781 946
3782 00:58:08,040 ~-~-> 00:58:12,000
3783 bank. All of this on the backside of curve is them offering
3784
3785 947
3786 00:58:12,000 ~-~-> 00:58:15,450
3787 sell side liquidity to buyers, everything to the right of
3788
3789 948
3790 00:58:15,450 ~-~-> 00:58:21,090
3791 the curve on the sell side delivering is them buying back.
3792
3793 949
3794 00:58:21,480 ~-~-> 00:58:25,770
3795 So anything that's going down the central banks buying back,
3796
3797 950
3798 00:58:26,220 ~-~-> 00:58:29,130
3799 but it has to happen at specific levels and they're going to
3800
3801 951
3802 00:58:29,130 ~-~-> 00:58:33,840
3803 add to new shorts. When it goes to other levels. Everything
3804
3805 952
3806 00:58:33,870 ~-~-> 00:58:37,140
3807 on the curve on the left side has to match up on the right.
3808
3809 953
3810 00:58:37,590 ~-~-> 00:58:40,260
3811 Guess what, you don't see that on white coffee there. You
3812
3813 954
3814 00:58:40,260 ~-~-> 00:58:43,380
3815 don't see that anywhere else. everything that goes on over
3816
3817 955
3818 00:58:43,380 ~-~-> 00:58:46,560
3819 here as a buy becomes a sell over here. Oh, that's standard
3820
3821 956
3822 00:58:46,560 ~-~-> 00:58:49,470
3823 support resistance. Oh, it's a flip blown nuts. So so and so
3824
3825 957
3826 00:58:49,470 ~-~-> 00:58:53,940
3827 and so now it's not, not to the point of every single PIP is
3828
3829 958
3830 00:58:53,940 ~-~-> 00:58:58,530
3831 being identical. everything lines up perfectly. And here's
3832
3833 959
3834 00:58:58,530 ~-~-> 00:59:02,760
3835 the rub all This occurs based on time and price. So I know
3836
3837 960
3838 00:59:02,760 ~-~-> 00:59:06,540
3839 the level that I'm looking for. But I also know the day and
3840
3841 961
3842 00:59:06,540 ~-~-> 00:59:09,540
3843 the time it's going to occur because the algorithm is
3844
3845 962
3846 00:59:09,720 ~-~-> 00:59:14,430
3847 programmed to do that all this delivery of price happens
3848
3849 963
3850 00:59:14,490 ~-~-> 00:59:20,280
3851 based on a time and price algorithm. That is the interbank
3852
3853 964
3854 00:59:20,280 ~-~-> 00:59:23,820
3855 price delivery algorithm. It is a real thing, folks, whether
3856
3857 965
3858 00:59:23,820 ~-~-> 00:59:27,420
3859 you want to believe it or not, it is okay. And the bottom
3860
3861 966
3862 00:59:27,420 ~-~-> 00:59:31,110
3863 line is this. It's programmed in such a way that it repeats
3864
3865 967
3866 00:59:31,140 ~-~-> 00:59:34,740
3867 over and over again these specific macros. Now, macro is a
3868
3869 968
3870 00:59:34,740 ~-~-> 00:59:40,680
3871 short list of operations that goes into operation when a
3872
3873 969
3874 00:59:40,680 ~-~-> 00:59:45,780
3875 specific set of criteria is met. Or if a specific criteria
3876
3877 970
3878 00:59:46,230 ~-~-> 00:59:53,160
3879 is change manually or based on a economic driver that may be
3880
3881 971
3882 00:59:53,160 ~-~-> 00:59:59,040
3883 coming out on the calendar. It will cause changes in the
3884
3885 972
3886 00:59:59,040 ~-~-> 01:00:01,620
3887 algorithm will change gears And go different direction or
3888
3889 973
3890 01:00:01,680 ~-~-> 01:00:06,360
3891 operate in a different manner. But a macro is like this.
3892
3893 974
3894 01:00:06,630 ~-~-> 01:00:10,860
3895 Okay, when the market trades up, hits this last close candle
3896
3897 975
3898 01:00:10,860 ~-~-> 01:00:16,650
3899 here, that is not a supply and demand zone. Okay? It's not a
3900
3901 976
3902 01:00:16,680 ~-~-> 01:00:22,920
3903 harmonic pattern. It's not a myriad of other things that
3904
3905 977
3906 01:00:22,920 ~-~-> 01:00:26,130
3907 could if you just looked at this box or looked at the
3908
3909 978
3910 01:00:26,250 ~-~-> 01:00:28,530
3911 element of using a fib laid over top of it, oh, it's this,
3912
3913 979
3914 01:00:28,530 ~-~-> 01:00:32,430
3915 it's that the times this is one of the biggest discoveries I
3916
3917 980
3918 01:00:32,430 ~-~-> 01:00:36,900
3919 had. The times that I found that my retail ideas because I
3920
3921 981
3922 01:00:36,900 ~-~-> 01:00:39,600
3923 started to really teach retail trader to folks, I've learned
3924
3925 982
3926 01:00:39,660 ~-~-> 01:00:43,710
3927 all the stuff that you're bogged down with two indicators,
3928
3929 983
3930 01:00:43,710 ~-~-> 01:00:50,070
3931 moving averages. Whatever it is, okay. I've done all that
3932
3933 984
3934 01:00:50,220 ~-~-> 01:00:52,230
3935 point and figure charts you don't hear much about that
3936
3937 985
3938 01:00:52,230 ~-~-> 01:00:55,860
3939 anymore. But back in the days that's, that was a thing, but
3940
3941 986
3942 01:00:56,130 ~-~-> 01:00:58,620
3943 I never figured out how to use them but I'm sure there's
3944
3945 987
3946 01:00:58,620 ~-~-> 01:01:01,350
3947 books out there that says this is Do it but it never worked
3948
3949 988
3950 01:01:01,350 ~-~-> 01:01:06,450
3951 for me. But when I discovered how these markets are really
3952
3953 989
3954 01:01:06,450 ~-~-> 01:01:10,740
3955 booking price, when that happened, I could see when retail
3956
3957 990
3958 01:01:10,740 ~-~-> 01:01:14,940
3959 ideas would work. And I could also see when they're going to
3960
3961 991
3962 01:01:14,940 ~-~-> 01:01:19,650
3963 fail. And I discovered that when these environments create
3964
3965 992
3966 01:01:19,920 ~-~-> 01:01:24,330
3967 the opportunity for the retail ideas to be very clear in
3968
3969 993
3970 01:01:24,330 ~-~-> 01:01:27,420
3971 their perception of what price may do, and then I have the
3972
3973 994
3974 01:01:27,420 ~-~-> 01:01:30,210
3975 real X ray view of what the markets really going to do.
3976
3977 995
3978 01:01:30,930 ~-~-> 01:01:33,900
3979 That's the trades I really want to load up on. Because they
3980
3981 996
3982 01:01:33,900 ~-~-> 01:01:38,520
3983 are the ones that just take me by surprise because nothing
3984
3985 997
3986 01:01:38,520 ~-~-> 01:01:40,560
3987 really lines up in their school of thought and now think
3988
3989 998
3990 01:01:40,560 ~-~-> 01:01:44,940
3991 about it like this. Does Elliott Wave supplying the man
3992
3993 999
3994 01:01:47,040 ~-~-> 01:01:55,140
3995 wycoff Dow Theory, do all of those agree at all times. No.
3996
3997 1000
3998 01:01:56,580 ~-~-> 01:01:58,860
3999 Don't take my word for it. Go and start doing a case study
4000
4001 1001
4002 01:01:58,860 ~-~-> 01:02:02,340
4003 on it. And you'll see One theory looks like it's working one
4004
4005 1002
4006 01:02:02,340 ~-~-> 01:02:05,880
4007 time another theory, or two maybe working in conjunction or
4008
4009 1003
4010 01:02:05,880 ~-~-> 01:02:08,670
4011 it looks like it's working. And in other times none of those
4012
4013 1004
4014 01:02:08,670 ~-~-> 01:02:10,650
4015 things are working but the markets doing some big moves,
4016
4017 1005
4018 01:02:10,650 ~-~-> 01:02:14,400
4019 what's current? So the question always was, and I posed this
4020
4021 1006
4022 01:02:14,400 ~-~-> 01:02:21,330
4023 all the time on Twitter, which theory of market do driver is
4024
4025 1007
4026 01:02:21,360 ~-~-> 01:02:23,850
4027 really pushing the market around this week? Is it harmonic
4028
4029 1008
4030 01:02:23,850 ~-~-> 01:02:27,210
4031 pattern? Is it Elliott Wave? It's it's appalling, man. So
4032
4033 1009
4034 01:02:27,240 ~-~-> 01:02:32,850
4035 the real joke is you have to figure out not only what
4036
4037 1010
4038 01:02:32,850 ~-~-> 01:02:35,820
4039 direction the markets gonna go, but what school of thought
4040
4041 1011
4042 01:02:35,850 ~-~-> 01:02:38,670
4043 it's going to follow. If it's retail logic that moves and
4044
4045 1012
4046 01:02:38,670 ~-~-> 01:02:41,580
4047 pulls price around. And then when you take a step back and
4048
4049 1013
4050 01:02:41,580 ~-~-> 01:02:44,820
4051 say, okay, all of that is now it's nonsense. All of it is
4052
4053 1014
4054 01:02:45,150 ~-~-> 01:02:48,690
4055 indicators, all that stuff is just garbage.
4056
4057 1015
4058 01:02:49,260 ~-~-> 01:02:53,550
4059 And that's what makes me controversial because I'm here, not
4060
4061 1016
4062 01:02:53,550 ~-~-> 01:02:58,170
4063 with the will to be adversarial. I'm not trying to be
4064
4065 1017
4066 01:02:58,170 ~-~-> 01:03:02,280
4067 adversarial. Okay. I want to open your eyes to what is
4068
4069 1018
4070 01:03:02,280 ~-~-> 01:03:06,180
4071 really going on. And the only way I do this in history was
4072
4073 1019
4074 01:03:06,180 ~-~-> 01:03:10,200
4075 to piss people off. People went into my stuff thinking,
4076
4077 1020
4078 01:03:10,230 ~-~-> 01:03:12,570
4079 Okay, I'm going to prove that this guy doesn't only stop me,
4080
4081 1021
4082 01:03:12,600 ~-~-> 01:03:14,580
4083 I'm going to put my school of thought up against it, and
4084
4085 1022
4086 01:03:14,580 ~-~-> 01:03:17,970
4087 then all of a sudden, they're converted. Because once they
4088
4089 1023
4090 01:03:17,970 ~-~-> 01:03:22,680
4091 see the data, once they see it, and they are forced to
4092
4093 1024
4094 01:03:22,680 ~-~-> 01:03:26,820
4095 contend with it, they don't have to believe in me. They have
4096
4097 1025
4098 01:03:26,820 ~-~-> 01:03:31,050
4099 to believe the data. And the data says, retail is lost.
4100
4101 1026
4102 01:03:32,160 ~-~-> 01:03:35,880
4103 They're doing things in the fog, they have no idea that
4104
4105 1027
4106 01:03:35,880 ~-~-> 01:03:38,310
4107 they're confused. They have no idea what they're doing. They
4108
4109 1028
4110 01:03:38,310 ~-~-> 01:03:41,790
4111 put so much faith into these instruments in these
4112
4113 1029
4114 01:03:41,790 ~-~-> 01:03:45,630
4115 mathematically derived calculations that have no bearing
4116
4117 1030
4118 01:03:45,630 ~-~-> 01:03:49,050
4119 whatsoever on what the central bank is going to do about
4120
4121 1031
4122 01:03:49,050 ~-~-> 01:03:52,740
4123 price. Now, it's not limited to central banks and
4124
4125 1032
4126 01:03:52,740 ~-~-> 01:03:56,760
4127 currencies. The same stuff occurs in the commodity market,
4128
4129 1033
4130 01:03:57,330 ~-~-> 01:04:01,380
4131 occurs in stocks, and I think Eventually, we'll be the
4132
4133 1034
4134 01:04:01,560 ~-~-> 01:04:05,310
4135 underlying drivers also in crypto markets, their signatures
4136
4137 1035
4138 01:04:05,310 ~-~-> 01:04:08,790
4139 that come in play once in a while with crypto. But the
4140
4141 1036
4142 01:04:08,790 ~-~-> 01:04:11,730
4143 reason why I don't touch it is because it doesn't have the
4144
4145 1037
4146 01:04:11,730 ~-~-> 01:04:15,480
4147 consistency. Whereas forex I know this thing like a Swiss
4148
4149 1038
4150 01:04:15,480 ~-~-> 01:04:18,900
4151 timepiece, in it sounds arrogant to say stuff like that. And
4152
4153 1039
4154 01:04:18,900 ~-~-> 01:04:24,990
4155 here it says the truth, folks. The first thing comes to mind
4156
4157 1040
4158 01:04:24,990 ~-~-> 01:04:27,330
4159 is if you knew all this, why aren't you a billionaire? You
4160
4161 1041
4162 01:04:27,330 ~-~-> 01:04:29,220
4163 know, why don't you the richest person in the world going to
4164
4165 1042
4166 01:04:29,220 ~-~-> 01:04:34,530
4167 disappoint you to that? I have a lot of limitations placed
4168
4169 1043
4170 01:04:34,530 ~-~-> 01:04:37,890
4171 on me that you aren't going to know about. So I operate in
4172
4173 1044
4174 01:04:37,890 ~-~-> 01:04:43,620
4175 limitations that I have. And I go as far as I can. And in
4176
4177 1045
4178 01:04:43,620 ~-~-> 01:04:46,620
4179 the past, I've tried to stretch them and I got smacked.
4180
4181 1046
4182 01:04:46,920 ~-~-> 01:04:51,870
4183 Okay, so I do as much as I possibly can. And when I get
4184
4185 1047
4186 01:04:51,870 ~-~-> 01:04:55,890
4187 warned, then I just dial it back. But the point is this when
4188
4189 1048
4190 01:04:55,890 ~-~-> 01:04:58,920
4191 you start studying price, and you start looking for the
4192
4193 1049
4194 01:04:58,920 ~-~-> 01:05:01,800
4195 curve, which is The highest point and sorry, cell model,
4196
4197 1050
4198 01:05:02,850 ~-~-> 01:05:06,000
4199 everything to the left has to match up on the right hand
4200
4201 1051
4202 01:05:06,000 ~-~-> 01:05:11,190
4203 side. Okay? When we look at a brief discussion of wycoff,
4204
4205 1052
4206 01:05:11,220 ~-~-> 01:05:13,830
4207 you're going to see none of these things over here are
4208
4209 1053
4210 01:05:13,830 ~-~-> 01:05:18,570
4211 described in like off. Now he'll talk about in his, in this
4212
4213 1054
4214 01:05:18,570 ~-~-> 01:05:23,700
4215 theory, we'll mention like last point of supply or something
4216
4217 1055
4218 01:05:23,700 ~-~-> 01:05:28,200
4219 that add effect. And it's always something to happen that's
4220
4221 1056
4222 01:05:28,440 ~-~-> 01:05:33,030
4223 explained. Now when I teach imbalances, and I teach fair
4224
4225 1057
4226 01:05:33,030 ~-~-> 01:05:35,190
4227 value gaps, and I teach institutional order flow entry
4228
4229 1058
4230 01:05:35,190 ~-~-> 01:05:38,850
4231 drills, and I teach breakers, my teach order blocks, the
4232
4233 1059
4234 01:05:38,850 ~-~-> 01:05:41,190
4235 mean threshold, which is the midpoint of an order block or
4236
4237 1060
4238 01:05:41,190 ~-~-> 01:05:44,280
4239 consequently current, which is the midpoint of a gap. Those
4240
4241 1061
4242 01:05:44,280 ~-~-> 01:05:48,930
4243 things, okay, are very specific. They don't always exist in
4244
4245 1062
4246 01:05:48,930 ~-~-> 01:05:52,320
4247 the price action, but the ones that do, that's your
4248
4249 1063
4250 01:05:52,320 ~-~-> 01:05:56,520
4251 signature. So it's not, it's not contrived, hindsight
4252
4253 1064
4254 01:05:56,520 ~-~-> 01:05:59,340
4255 lipstick that finds its way into an example and it makes me
4256
4257 1065
4258 01:05:59,340 ~-~-> 01:06:03,480
4259 look smart on YouTube. That's not the point here. The point
4260
4261 1066
4262 01:06:03,480 ~-~-> 01:06:08,100
4263 is the things that are here are mine. And they're not logic
4264
4265 1067
4266 01:06:08,100 ~-~-> 01:06:10,980
4267 that's leaning on any other thing specifically in this
4268
4269 1068
4270 01:06:10,980 ~-~-> 01:06:15,720
4271 discussion wycoff. Now there's channels out there that have
4272
4273 1069
4274 01:06:15,750 ~-~-> 01:06:20,070
4275 been crediting. I am Academy and I markets live. And they
4276
4277 1070
4278 01:06:20,070 ~-~-> 01:06:24,180
4279 are busy right now still Hawking my concepts and for the
4280
4281 1071
4282 01:06:24,180 ~-~-> 01:06:27,570
4283 most part, haven't even really changed the names. So they're
4284
4285 1072
4286 01:06:27,570 ~-~-> 01:06:30,360
4287 in trouble. They don't realize how much trouble they're in,
4288
4289 1073
4290 01:06:30,360 ~-~-> 01:06:33,630
4291 but they are in some trouble. But they don't even teach it
4292
4293 1074
4294 01:06:33,630 ~-~-> 01:06:40,860
4295 right. Okay, so at some point, you know, people looking at
4296
4297 1075
4298 01:06:40,860 ~-~-> 01:06:44,070
4299 that, and if they end up coming to my channel late, okay,
4300
4301 1076
4302 01:06:44,070 ~-~-> 01:06:46,890
4303 maybe they were introduced to those clowns first, and then
4304
4305 1077
4306 01:06:46,890 ~-~-> 01:06:52,590
4307 they came here. Oh, you're trading like so. And so? No, I'm
4308
4309 1078
4310 01:06:52,590 ~-~-> 01:06:55,650
4311 trading the way I trade and everybody else has learned this
4312
4313 1079
4314 01:06:55,650 ~-~-> 01:06:59,010
4315 from me. You may not have learned it directly from my video.
4316
4317 1080
4318 01:06:59,010 ~-~-> 01:07:02,790
4319 You probably had some What else parrot what I've seen in my
4320
4321 1081
4322 01:07:02,790 ~-~-> 01:07:06,210
4323 examples in trades and I show why I did what I did. And then
4324
4325 1082
4326 01:07:06,210 ~-~-> 01:07:09,000
4327 they make a video day later saying this is what I did. This
4328
4329 1083
4330 01:07:09,000 ~-~-> 01:07:11,220
4331 is the trade I took but they don't have any stats showing it
4332
4333 1084
4334 01:07:11,610 ~-~-> 01:07:14,430
4335 That's what I'm saying you have to ask these people to step
4336
4337 1085
4338 01:07:14,430 ~-~-> 01:07:17,070
4339 forward and say hey look, I don't need to see a my FX book
4340
4341 1086
4342 01:07:17,190 ~-~-> 01:07:19,050
4343 because I personally don't care about a my effects book. I
4344
4345 1087
4346 01:07:19,050 ~-~-> 01:07:22,290
4347 want someone to show me executions in it don't have to be a
4348
4349 1088
4350 01:07:22,290 ~-~-> 01:07:25,350
4351 Live account. Do another demo, dude on this paper trading
4352
4353 1089
4354 01:07:25,350 ~-~-> 01:07:28,470
4355 application on trading view. But why won't they do it?
4356
4357 1090
4358 01:07:28,830 ~-~-> 01:07:33,120
4359 Because they cannot. They can only dress the chart up in
4360
4361 1091
4362 01:07:33,120 ~-~-> 01:07:35,460
4363 hindsight, which leads me to where we are right now.
4364
4365 1092
4366 01:07:37,440 ~-~-> 01:07:40,020
4367 When we look at the sell side of the curve on the market
4368
4369 1093
4370 01:07:40,020 ~-~-> 01:07:43,590
4371 maker sell model, okay, everything over here like this area
4372
4373 1094
4374 01:07:43,590 ~-~-> 01:07:47,580
4375 here. All these down close candles. That was smart money
4376
4377 1095
4378 01:07:47,580 ~-~-> 01:07:50,100
4379 buying them when they read price down like that they're
4380
4381 1096
4382 01:07:50,100 ~-~-> 01:07:53,880
4383 accumulating long positions. They're going to take some an
4384
4385 1097
4386 01:07:53,880 ~-~-> 01:07:56,460
4387 offset that up here. They know where the price is going to
4388
4389 1098
4390 01:07:56,460 ~-~-> 01:07:58,620
4391 go because they're in control the price How do I know
4392
4393 1099
4394 01:07:58,620 ~-~-> 01:08:00,750
4395 they're in control of price, the same reasons I said in
4396
4397 1100
4398 01:08:00,750 ~-~-> 01:08:03,060
4399 March that they were going to take price up here eventually,
4400
4401 1101
4402 01:08:03,120 ~-~-> 01:08:06,090
4403 at what point in time in March, I didn't know that but as we
4404
4405 1102
4406 01:08:06,090 ~-~-> 01:08:08,280
4407 got closer and closer to August, I knew exactly when that's
4408
4409 1103
4410 01:08:08,280 ~-~-> 01:08:10,650
4411 going to happen. And so previous Friday, I said to my group,
4412
4413 1104
4414 01:08:11,370 ~-~-> 01:08:13,710
4415 the first half of the week were bullish, and we're going to
4416
4417 1105
4418 01:08:13,710 ~-~-> 01:08:16,470
4419 see price go above here. And dollar is going to go down to
4420
4421 1106
4422 01:08:16,500 ~-~-> 01:08:19,170
4423 the level I said it was going to go to and it did both. And
4424
4425 1107
4426 01:08:19,260 ~-~-> 01:08:23,760
4427 cable do the same thing. Now, when you're outside the loop
4428
4429 1108
4430 01:08:23,760 ~-~-> 01:08:25,980
4431 or your first time here, or if you're just a very cynical
4432
4433 1109
4434 01:08:25,980 ~-~-> 01:08:27,480
4435 person, you hear the answer. Oh, yeah. Okay, there's an
4436
4437 1110
4438 01:08:27,480 ~-~-> 01:08:30,060
4439 improved I suppose. There's no substance to that except for
4440
4441 1111
4442 01:08:30,060 ~-~-> 01:08:33,600
4443 your word. How should I just take that word and and trust
4444
4445 1112
4446 01:08:33,600 ~-~-> 01:08:39,120
4447 it? Okay, well keep that in mind. The bearish order block,
4448
4449 1113
4450 01:08:39,510 ~-~-> 01:08:43,740
4451 when price trades down, down, down and then Rams right back
4452
4453 1114
4454 01:08:43,740 ~-~-> 01:08:49,200
4455 up into the August 17. Low. It hits the order block here
4456
4457 1115
4458 01:08:49,590 ~-~-> 01:08:52,860
4459 doesn't go any higher than that. And at one o'clock in the
4460
4461 1116
4462 01:08:52,860 ~-~-> 01:08:59,130
4463 morning, Friday, August 21. Two market creates the high of
4464
4465 1117
4466 01:08:59,130 ~-~-> 01:09:03,720
4467 the day. Then reprice is aggressively below here. What's
4468
4469 1118
4470 01:09:03,720 ~-~-> 01:09:07,980
4471 below here, sell side liquidity just like this. So the
4472
4473 1119
4474 01:09:07,980 ~-~-> 01:09:11,550
4475 positions that they sold short and acting as Counterparty
4476
4477 1120
4478 01:09:11,550 ~-~-> 01:09:15,840
4479 here. And when he flooded the market with buy side
4480
4481 1121
4482 01:09:15,840 ~-~-> 01:09:19,110
4483 liquidity, all these buy stocks became a massive, big
4484
4485 1122
4486 01:09:19,110 ~-~-> 01:09:22,650
4487 opportunity to match up shorts. And you would get easily in
4488
4489 1123
4490 01:09:22,650 ~-~-> 01:09:25,890
4491 the marketplace at high prices. They're taking some partials
4492
4493 1124
4494 01:09:25,890 ~-~-> 01:09:28,200
4495 off here, they're offsetting that. So what's their profit
4496
4497 1125
4498 01:09:28,200 ~-~-> 01:09:31,770
4499 when it gets to this candle here. All the selling that did
4500
4501 1126
4502 01:09:31,770 ~-~-> 01:09:34,230
4503 here and all the selling it in here. Now they're not going
4504
4505 1127
4506 01:09:34,230 ~-~-> 01:09:36,750
4507 to get it all off. Because there's been a lot of buying
4508
4509 1128
4510 01:09:36,750 ~-~-> 01:09:38,790
4511 that's been taking place in here, but that's not the
4512
4513 1129
4514 01:09:38,790 ~-~-> 01:09:44,010
4515 catalyst that lent price up here. It's this liquidity that
4516
4517 1130
4518 01:09:44,010 ~-~-> 01:09:48,780
4519 they drew up on, that's where the markets gonna go. When the
4520
4521 1131
4522 01:09:48,780 ~-~-> 01:09:51,630
4523 market starts to reprice lower, when it goes below this low
4524
4525 1132
4526 01:09:51,630 ~-~-> 01:09:55,590
4527 here, that area of sell stops or sell side liquidity is
4528
4529 1133
4530 01:09:55,590 ~-~-> 01:09:59,850
4531 perfect for them to do what to buy it back to get out of the
4532
4533 1134
4534 01:09:59,850 ~-~-> 01:10:03,840
4535 street. Words. So how do you have a ideal scenario if you're
4536
4537 1135
4538 01:10:03,840 ~-~-> 01:10:06,330
4539 short to get out, you have to buy it. But what's the ideal
4540
4541 1136
4542 01:10:06,330 ~-~-> 01:10:09,750
4543 scenario, buying it at a lower price and you got in it, what
4544
4545 1137
4546 01:10:09,750 ~-~-> 01:10:13,020
4547 better places to buy below an old low and that's what's
4548
4549 1138
4550 01:10:13,020 ~-~-> 01:10:16,020
4551 occurring here. Then price expands lower and reaches down
4552
4553 1139
4554 01:10:16,020 ~-~-> 01:10:20,910
4555 into equilibrium. All this consolidation equilibrium, and
4556
4557 1140
4558 01:10:20,910 ~-~-> 01:10:23,670
4559 below the original consolidation, which is the original draw
4560
4561 1141
4562 01:10:23,670 ~-~-> 01:10:26,340
4563 on liquidity that started all this market maker sell model.
4564
4565 1142
4566 01:10:26,700 ~-~-> 01:10:29,760
4567 That's not like our folks. As much as you want to do
4568
4569 1143
4570 01:10:29,760 ~-~-> 01:10:33,420
4571 acrobatics to try to twist it around you young men. It's not
4572
4573 1144
4574 01:10:33,780 ~-~-> 01:10:37,320
4575 an anyone that spends any time please. If you doubt me,
4576
4577 1145
4578 01:10:37,590 ~-~-> 01:10:40,950
4579 study wycoff. Then come back to this YouTube channel and
4580
4581 1146
4582 01:10:40,950 ~-~-> 01:10:45,720
4583 look at my things and there's absolutely nothing, nothing
4584
4585 1147
4586 01:10:45,780 ~-~-> 01:10:50,250
4587 here that lines up with wycoff zero, zilch. Nada doesn't
4588
4589 1148
4590 01:10:50,250 ~-~-> 01:10:54,120
4591 exist. So let's go over to the internet real quick. All
4592
4593 1149
4594 01:10:54,120 ~-~-> 01:10:57,750
4595 right, so here's the channel that guys like to go to and try
4596
4597 1150
4598 01:10:57,750 ~-~-> 01:11:03,270
4599 to make a case that ICT wycoff rip off. This is a gentleman
4600
4601 1151
4602 01:11:03,300 ~-~-> 01:11:06,630
4603 Richard Wyckoff, rest in peace. But I'm not trying to be
4604
4605 1152
4606 01:11:06,630 ~-~-> 01:11:08,910
4607 disrespectful to the man, even though it was a younger man.
4608
4609 1153
4610 01:11:09,750 ~-~-> 01:11:13,560
4611 I'm not trying to do that here. I do believe that, just like
4612
4613 1154
4614 01:11:13,560 ~-~-> 01:11:16,350
4615 I've said this in the past, I said that people that trade
4616
4617 1155
4618 01:11:16,350 ~-~-> 01:11:19,500
4619 supply and demand art, learn how to trade with supply and
4620
4621 1156
4622 01:11:19,500 ~-~-> 01:11:19,920
4623 demand
4624
4625 1157
4626 01:11:21,600 ~-~-> 01:11:26,940
4627 is a good starting point. Okay. wycoff introduces some
4628
4629 1158
4630 01:11:26,940 ~-~-> 01:11:31,290
4631 theory. But those theories are flawed because it's based on
4632
4633 1159
4634 01:11:31,770 ~-~-> 01:11:36,210
4635 buying and selling pressure, okay, or volume in the sense
4636
4637 1160
4638 01:11:36,210 ~-~-> 01:11:40,860
4639 that way, he's introducing volume here. I don't subscribe to
4640
4641 1161
4642 01:11:40,860 ~-~-> 01:11:43,140
4643 that. Okay. And you're really not going to get a true volume
4644
4645 1162
4646 01:11:43,170 ~-~-> 01:11:45,630
4647 depiction in the foreign exchange market anyway, because
4648
4649 1163
4650 01:11:45,900 ~-~-> 01:11:48,720
4651 you're just not going to see all the volume. So you can't
4652
4653 1164
4654 01:11:48,720 ~-~-> 01:11:52,770
4655 really attribute your success in trying to repackage my
4656
4657 1165
4658 01:11:52,770 ~-~-> 01:11:56,280
4659 stuff with wycoff because it's very dependent on volume. So
4660
4661 1166
4662 01:11:56,640 ~-~-> 01:11:58,650
4663 anyway, let's go through here real quick and I'll get to the
4664
4665 1167
4666 01:11:58,650 ~-~-> 01:12:01,320
4667 nuts and bolts, all this stuff. hear yourself if you're
4668
4669 1168
4670 01:12:01,320 ~-~-> 01:12:04,350
4671 really interested in trying to figure out if I'm lying to
4672
4673 1169
4674 01:12:04,350 ~-~-> 01:12:06,780
4675 you. Okay, and here's one of the things that everybody says
4676
4677 1170
4678 01:12:06,780 ~-~-> 01:12:09,750
4679 Oh, see this is that market maker sell model. Okay? Do you
4680
4681 1171
4682 01:12:09,750 ~-~-> 01:12:14,550
4683 see this going down below the original consolidation? No, it
4684
4685 1172
4686 01:12:14,550 ~-~-> 01:12:17,430
4687 doesn't happen. Even if you look at the other schematics
4688
4689 1173
4690 01:12:17,430 ~-~-> 01:12:20,310
4691 that even if you look at Richard white coughs writings where
4692
4693 1174
4694 01:12:20,340 ~-~-> 01:12:24,630
4695 he has a another markup phase and markdown phase, it shows
4696
4697 1175
4698 01:12:24,630 ~-~-> 01:12:28,590
4699 it stopping above this area to Okay, so no matter what
4700
4701 1176
4702 01:12:29,070 ~-~-> 01:12:32,370
4703 schematic you use, okay, when you're looking at like off,
4704
4705 1177
4706 01:12:32,520 ~-~-> 01:12:37,800
4707 you never see my market maker. So model or market maker by
4708
4709 1178
4710 01:12:37,800 ~-~-> 01:12:42,870
4711 model. It's always just this incomplete view. Now, this in
4712
4713 1179
4714 01:12:42,870 ~-~-> 01:12:47,160
4715 itself, okay. doesn't really say anything. Because if you
4716
4717 1180
4718 01:12:47,160 ~-~-> 01:12:51,720
4719 look at swing trading, okay, swing trading. Yeah, the
4720
4721 1181
4722 01:12:51,720 ~-~-> 01:12:53,790
4723 expectation is if you want to sell short, you're expecting a
4724
4725 1182
4726 01:12:53,790 ~-~-> 01:12:57,600
4727 swing to go up first, and then you swing down. That's swing
4728
4729 1183
4730 01:12:57,600 ~-~-> 01:13:00,690
4731 trading. I mean, everybody knows that. Hi. Highs, higher
4732
4733 1184
4734 01:13:00,690 ~-~-> 01:13:05,070
4735 lows, lower highs, lower lows, okay, all those ideas.
4736
4737 1185
4738 01:13:05,430 ~-~-> 01:13:08,340
4739 They're pretty much generic concepts. I'm not trying to
4740
4741 1186
4742 01:13:08,340 ~-~-> 01:13:11,130
4743 claim authorship there. But when I'm breaking down the
4744
4745 1187
4746 01:13:11,130 ~-~-> 01:13:14,190
4747 individual move up, and then when it comes down takes this
4748
4749 1188
4750 01:13:14,190 ~-~-> 01:13:17,100
4751 area out, where he has a cumulation area written here.
4752
4753 1189
4754 01:13:17,250 ~-~-> 01:13:21,120
4755 That's where my target is. On a market maker sell model. You
4756
4757 1190
4758 01:13:21,120 ~-~-> 01:13:24,390
4759 don't see that and wycoff you can do all the acrobatics. You
4760
4761 1191
4762 01:13:24,390 ~-~-> 01:13:29,100
4763 want young men, it's not there. find any book, I got 30
4764
4765 1192
4766 01:13:29,100 ~-~-> 01:13:35,130
4767 books on wycoff 30. And none of them show what I'm doing. So
4768
4769 1193
4770 01:13:35,220 ~-~-> 01:13:37,170
4771 I'm sure there's been more wycoff books because everybody's
4772
4773 1194
4774 01:13:37,170 ~-~-> 01:13:38,910
4775 out there trying to talk about something like they've
4776
4777 1195
4778 01:13:38,910 ~-~-> 01:13:42,210
4779 recreated something. The wycoff book is not going to find
4780
4781 1196
4782 01:13:42,300 ~-~-> 01:13:44,940
4783 you're not going to find my concepts in there. Not renamed.
4784
4785 1197
4786 01:13:45,060 ~-~-> 01:13:51,450
4787 Not, you know, masked, okay, hidden. It's obvious that
4788
4789 1198
4790 01:13:51,450 ~-~-> 01:13:54,210
4791 they're completely two different ideas and minus superior.
4792
4793 1199
4794 01:13:55,140 ~-~-> 01:13:58,380
4795 Keep on going down a little bit. Okay, and we're gonna look
4796
4797 1200
4798 01:13:58,380 ~-~-> 01:14:04,620
4799 at this This is the accumulation schematic of wycoff. Okay?
4800
4801 1201
4802 01:14:06,150 ~-~-> 01:14:08,400
4803 I guess what they're saying is this would be like the market
4804
4805 1202
4806 01:14:08,400 ~-~-> 01:14:12,150
4807 maker by model. And again, none of this stuff is even in my
4808
4809 1203
4810 01:14:12,150 ~-~-> 01:14:17,310
4811 concepts, none of this all this stuff is garbage to me. And
4812
4813 1204
4814 01:14:17,310 ~-~-> 01:14:20,370
4815 I don't mean to just be disrespectful, I'm not trying to,
4816
4817 1205
4818 01:14:20,550 ~-~-> 01:14:23,730
4819 you know, turn you people off that are trading like wycoff
4820
4821 1206
4822 01:14:23,760 ~-~-> 01:14:27,780
4823 Okay. I'm arguing with the young men that are out there
4824
4825 1207
4826 01:14:27,780 ~-~-> 01:14:30,870
4827 trying to save their own necks trying to say and try to put
4828
4829 1208
4830 01:14:30,870 ~-~-> 01:14:34,200
4831 down foundation that they have been teaching wycoff and not
4832
4833 1209
4834 01:14:34,230 ~-~-> 01:14:41,640
4835 ICT mentorship stuff, or even YouTube stuff. But if you are
4836
4837 1210
4838 01:14:41,640 ~-~-> 01:14:43,800
4839 a wycoff trader, like I said, I want you to make sure in
4840
4841 1211
4842 01:14:43,800 ~-~-> 01:14:47,850
4843 case you missed it earlier. If you are a wycoff trader and
4844
4845 1212
4846 01:14:47,850 ~-~-> 01:14:51,180
4847 are profitable, I promise you if you study the things I have
4848
4849 1213
4850 01:14:51,180 ~-~-> 01:14:54,420
4851 on this YouTube channel, it will make it even clearer for
4852
4853 1214
4854 01:14:54,420 ~-~-> 01:14:58,890
4855 you. And you might even learn to just miss it and go deeper
4856
4857 1215
4858 01:14:58,890 ~-~-> 01:15:01,350
4859 into things I'm talking about. Because what I'm talking
4860
4861 1216
4862 01:15:01,350 ~-~-> 01:15:06,450
4863 about is actual market booking to the price level, like it
4864
4865 1217
4866 01:15:06,450 ~-~-> 01:15:09,480
4867 doesn't go much beyond or fall short of it's like right to
4868
4869 1218
4870 01:15:09,480 ~-~-> 01:15:14,160
4871 the point. wycoff doesn't have that. It's just very vague
4872
4873 1219
4874 01:15:14,160 ~-~-> 01:15:17,400
4875 things like this, okay. And this is not the market maker by
4876
4877 1220
4878 01:15:17,400 ~-~-> 01:15:20,520
4879 model. Okay. And since the discussion was really with an
4880
4881 1221
4882 01:15:20,520 ~-~-> 01:15:23,010
4883 example on the eurodollar, that would be a market maker sell
4884
4885 1222
4886 01:15:23,010 ~-~-> 01:15:26,250
4887 model, you can see last point of support. These are all
4888
4889 1223
4890 01:15:26,250 ~-~-> 01:15:30,210
4891 references that happen after they happen. In other words,
4892
4893 1224
4894 01:15:30,390 ~-~-> 01:15:33,420
4895 they're referring to something that took place. Whereas in
4896
4897 1225
4898 01:15:33,420 ~-~-> 01:15:36,240
4899 my concepts, we're anticipating something, we're
4900
4901 1226
4902 01:15:36,240 ~-~-> 01:15:38,310
4903 anticipating a fair value gap. We're anticipating
4904
4905 1227
4906 01:15:38,310 ~-~-> 01:15:40,320
4907 institutional order flow entry drill, we're anticipating a
4908
4909 1228
4910 01:15:40,320 ~-~-> 01:15:43,650
4911 breaker we're anticipating an order block trading to Okay,
4912
4913 1229
4914 01:15:43,890 ~-~-> 01:15:46,770
4915 there's the number one stark contrast. Okay, I am
4916
4917 1230
4918 01:15:46,770 ~-~-> 01:15:49,350
4919 anticipating and I'm teaching my students to anticipate
4920
4921 1231
4922 01:15:49,530 ~-~-> 01:15:53,880
4923 specific elements in price that are highly, highly precise.
4924
4925 1232
4926 01:15:54,810 ~-~-> 01:15:58,260
4927 There is no ambiguity. We know exactly what we're looking
4928
4929 1233
4930 01:15:58,260 ~-~-> 01:16:02,040
4931 for. We know when it will occur, and we know how it looks.
4932
4933 1234
4934 01:16:02,520 ~-~-> 01:16:05,400
4935 And we know that because of example, after example, after
4936
4937 1235
4938 01:16:05,400 ~-~-> 01:16:08,850
4939 example, and it repeats itself and it matches the other side
4940
4941 1236
4942 01:16:08,850 ~-~-> 01:16:11,790
4943 of the curve. Now, that's all I'm gonna say on it. But
4944
4945 1237
4946 01:16:11,820 ~-~-> 01:16:15,510
4947 everyone that studied with me, all of that stuff is
4948
4949 1238
4950 01:16:15,510 ~-~-> 01:16:18,870
4951 explained in great detail. And it absolutely is it there's
4952
4953 1239
4954 01:16:18,870 ~-~-> 01:16:20,130
4955 nothing like it anywhere else.
4956
4957 1240
4958 01:16:21,780 ~-~-> 01:16:24,060
4959 All right, here's a accumulation schematic number two, same
4960
4961 1241
4962 01:16:24,060 ~-~-> 01:16:28,050
4963 thing. This is not a market maker by model. Nothing in here
4964
4965 1242
4966 01:16:28,080 ~-~-> 01:16:30,540
4967 has any element whatsoever. See, the thing is with wycoff,
4968
4969 1243
4970 01:16:30,540 ~-~-> 01:16:34,410
4971 they like to say, the Judas swing that I teach, that's the
4972
4973 1244
4974 01:16:34,860 ~-~-> 01:16:40,050
4975 the spring or they may say this wrong, break the ice or
4976
4977 1245
4978 01:16:40,260 ~-~-> 01:16:44,310
4979 crack the ice or jump to creek or something like that. Like
4980
4981 1246
4982 01:16:44,310 ~-~-> 01:16:48,750
4983 I said, I'm not a student of like, I just know that I made
4984
4985 1247
4986 01:16:48,750 ~-~-> 01:16:51,840
4987 fun of them a man when I was in my 20s on America Online
4988
4989 1248
4990 01:16:51,840 ~-~-> 01:16:54,540
4991 that he was teaching with it and he was finding some trades
4992
4993 1249
4994 01:16:54,540 ~-~-> 01:16:58,440
4995 but I didn't like we was entering and it just didn't make
4996
4997 1250
4998 01:16:58,440 ~-~-> 01:17:01,710
4999 any sense to me. But Didn't have barnburner type results,
5000
5001 1251
5002 01:17:01,740 ~-~-> 01:17:06,720
5003 but he was showing profitability. I found out later on and
5004
5005 1252
5006 01:17:06,720 ~-~-> 01:17:11,370
5007 it was actually watching Larry Williams video. course it was
5008
5009 1253
5010 01:17:11,370 ~-~-> 01:17:15,900
5011 for VHS tapes and the name of sometimes butcher this up but
5012
5013 1254
5014 01:17:16,350 ~-~-> 01:17:20,280
5015 it is the futures millionaire confidential trading course by
5016
5017 1255
5018 01:17:20,280 ~-~-> 01:17:22,560
5019 Larry Williams. Okay, it's really hard to get but you can
5020
5021 1256
5022 01:17:22,560 ~-~-> 01:17:25,620
5023 find it once in a while on eBay. I really wish he had a
5024
5025 1257
5026 01:17:25,620 ~-~-> 01:17:28,320
5027 digital version of it because I don't have access to the
5028
5029 1258
5030 01:17:28,320 ~-~-> 01:17:31,800
5031 third video. The VHS tape wore out because when I was young,
5032
5033 1259
5034 01:17:32,100 ~-~-> 01:17:34,740
5035 I watched it multiple times a week. And I could tell you
5036
5037 1260
5038 01:17:34,740 ~-~-> 01:17:37,320
5039 verbatim what he was going to say before he said I was a
5040
5041 1261
5042 01:17:37,320 ~-~-> 01:17:40,740
5043 fanboy at heart. I still am. He was my original mentor. I
5044
5045 1262
5046 01:17:40,740 ~-~-> 01:17:43,710
5047 never met the man in my life. I never had the opportunity to
5048
5049 1263
5050 01:17:43,710 ~-~-> 01:17:46,050
5051 do that. I would love to be able to do that. Larry, if
5052
5053 1264
5054 01:17:46,050 ~-~-> 01:17:49,770
5055 you're listening I absolutely. I wish I have the opportunity
5056
5057 1265
5058 01:17:49,770 ~-~-> 01:17:51,510
5059 to meet you one time. But
5060
5061 1266
5062 01:17:52,800 ~-~-> 01:17:55,890
5063 my understanding didn't begin until him now even with that
5064
5065 1267
5066 01:17:55,890 ~-~-> 01:18:00,330
5067 said there isn't a lot of things that Larry's work. can be
5068
5069 1268
5070 01:18:00,330 ~-~-> 01:18:03,510
5071 seen with my concepts except for market structure market
5072
5073 1269
5074 01:18:03,510 ~-~-> 01:18:08,970
5075 structure is absolutely his I learned that from him. And I
5076
5077 1270
5078 01:18:08,970 ~-~-> 01:18:13,710
5079 always credit that. But the majority of everything else, you
5080
5081 1271
5082 01:18:13,710 ~-~-> 01:18:17,850
5083 know, has ideas of relative strength analysis. I got that
5084
5085 1272
5086 01:18:17,850 ~-~-> 01:18:20,220
5087 from his 1970 book, how I made a million dollars trading
5088
5089 1273
5090 01:18:20,220 ~-~-> 01:18:22,740
5091 commodities. And he talked a little bit about that same
5092
5093 1274
5094 01:18:22,770 ~-~-> 01:18:27,150
5095 concept in that VHS course, too. So, anyway, with all that
5096
5097 1275
5098 01:18:27,150 ~-~-> 01:18:31,440
5099 said, I found the pattern or the fractal of the market maker
5100
5101 1276
5102 01:18:31,440 ~-~-> 01:18:36,990
5103 sell model. In a segment of that course, he was using an
5104
5105 1277
5106 01:18:36,990 ~-~-> 01:18:40,710
5107 overhead projector, as he was talking about his concepts he
5108
5109 1278
5110 01:18:40,710 ~-~-> 01:18:43,500
5111 was teaching in that course. And the chart that was on the
5112
5113 1279
5114 01:18:43,500 ~-~-> 01:18:47,820
5115 screen, I was like, I see that pattern all the time. It
5116
5117 1280
5118 01:18:47,820 ~-~-> 01:18:50,850
5119 just, it was highly structured. And I was like, Okay, I'm
5120
5121 1281
5122 01:18:50,850 ~-~-> 01:18:55,290
5123 going to start looking for that. And then with that, in the
5124
5125 1282
5126 01:18:55,290 ~-~-> 01:18:58,320
5127 two gentlemen that I met in the 90s that watch me run up a
5128
5129 1283
5130 01:18:58,320 ~-~-> 01:19:02,370
5131 lot of accounts on America Online. They thought I had
5132
5133 1284
5134 01:19:02,910 ~-~-> 01:19:05,610
5135 availed myself the information that they had. The things
5136
5137 1285
5138 01:19:05,610 ~-~-> 01:19:08,700
5139 that I know now, when I really didn't, I just was getting
5140
5141 1286
5142 01:19:08,700 ~-~-> 01:19:13,440
5143 extremely lucky buying when markets were going up and over
5144
5145 1287
5146 01:19:13,440 ~-~-> 01:19:16,350
5147 leveraging, really over leveraging to the hilt where just
5148
5149 1288
5150 01:19:16,350 ~-~-> 01:19:18,750
5151 one trade would have wiped me out completely and destroyed
5152
5153 1289
5154 01:19:18,750 ~-~-> 01:19:24,390
5155 me. And it was a it was just plain luck. It was just luck.
5156
5157 1290
5158 01:19:24,570 ~-~-> 01:19:28,110
5159 But at the time, if you were watching me, like I was the
5160
5161 1291
5162 01:19:28,110 ~-~-> 01:19:31,710
5163 poster boy for Instagram back then, in the 90s. Of course,
5164
5165 1292
5166 01:19:31,740 ~-~-> 01:19:35,340
5167 Instagram didn't exist back then. But I had the personality
5168
5169 1293
5170 01:19:35,340 ~-~-> 01:19:38,790
5171 that everybody would have flocked to, and I was showing my
5172
5173 1294
5174 01:19:38,790 ~-~-> 01:19:41,610
5175 cars I was showing my money. Anytime I went on bought
5176
5177 1295
5178 01:19:41,610 ~-~-> 01:19:44,310
5179 something I'm showing it, it was just like I had everybody
5180
5181 1296
5182 01:19:44,820 ~-~-> 01:19:47,250
5183 wanting me to do that. And I didn't believe it until I
5184
5185 1297
5186 01:19:47,250 ~-~-> 01:19:50,340
5187 started doing it. So it was one of those things where not
5188
5189 1298
5190 01:19:50,340 ~-~-> 01:19:52,740
5191 only did I want other people to believe I was successful,
5192
5193 1299
5194 01:19:52,740 ~-~-> 01:19:55,500
5195 but I needed to have them respond because it felt like a
5196
5197 1300
5198 01:19:55,500 ~-~-> 01:19:58,380
5199 dream to me. I never had that kind of money come into my
5200
5201 1301
5202 01:19:58,380 ~-~-> 01:20:04,380
5203 hands ever before. It was wildly successful. But at the time
5204
5205 1302
5206 01:20:04,380 ~-~-> 01:20:07,980
5207 I thought it was skill. It was not skill. It was not okay. I
5208
5209 1303
5210 01:20:07,980 ~-~-> 01:20:11,460
5211 can tell you honestly, I was getting lucky for nine months.
5212
5213 1304
5214 01:20:11,490 ~-~-> 01:20:16,620
5215 So believe me lucky streaks do exist with idiots. And I was
5216
5217 1305
5218 01:20:16,620 ~-~-> 01:20:20,040
5219 an absolute goober in the 90s. I had no idea what I was
5220
5221 1306
5222 01:20:20,040 ~-~-> 01:20:24,360
5223 doing. But if you'd listen to me talk, I could sell the idea
5224
5225 1307
5226 01:20:24,360 ~-~-> 01:20:26,820
5227 like I was the greatest instagrammer that ever would have
5228
5229 1308
5230 01:20:26,820 ~-~-> 01:20:31,650
5231 existed. And believe me, people were flocking to me. And I
5232
5233 1309
5234 01:20:31,650 ~-~-> 01:20:35,430
5235 garnered a lot of attention. And I garnered the attention of
5236
5237 1310
5238 01:20:36,180 ~-~-> 01:20:39,660
5239 the watch groups. And because I never put a disclaimer up,
5240
5241 1311
5242 01:20:39,750 ~-~-> 01:20:41,850
5243 ever, that's why I have these long boring disclaimers and
5244
5245 1312
5246 01:20:41,850 ~-~-> 01:20:43,740
5247 I'm getting my videos because I learned that painful lesson,
5248
5249 1313
5250 01:20:43,740 ~-~-> 01:20:48,360
5251 the 90s where I got a subpoena sent to me, and the Commodity
5252
5253 1314
5254 01:20:48,360 ~-~-> 01:20:51,090
5255 Futures Trading Commission said, Hey, we need to talk to
5256
5257 1315
5258 01:20:51,090 ~-~-> 01:20:55,170
5259 you. And I later found out that it's because I didn't put a
5260
5261 1316
5262 01:20:55,200 ~-~-> 01:20:58,470
5263 risk disclaimer up at all I was. I didn't post anything that
5264
5265 1317
5266 01:20:58,470 ~-~-> 01:21:01,230
5267 caused anyone to lose any money. As I was posting the trades
5268
5269 1318
5270 01:21:01,230 ~-~-> 01:21:03,690
5271 I was getting ready to take, and they were winning. But the
5272
5273 1319
5274 01:21:03,690 ~-~-> 01:21:07,530
5275 problem with that is that I did not disclose the underlying
5276
5277 1320
5278 01:21:07,530 ~-~-> 01:21:10,410
5279 risk. And I was young, I didn't know what I was doing. And
5280
5281 1321
5282 01:21:10,410 ~-~-> 01:21:13,110
5283 here's the problem. A lot of you guys on YouTube that are
5284
5285 1322
5286 01:21:13,110 ~-~-> 01:21:17,940
5287 parroting me, you have no idea the level of trouble you can
5288
5289 1323
5290 01:21:17,940 ~-~-> 01:21:20,490
5291 find yourself in because you don't even some of you just get
5292
5293 1324
5294 01:21:20,490 ~-~-> 01:21:23,670
5295 on and say, yeah, I'm not a licensed trade adviser. Don't
5296
5297 1325
5298 01:21:23,670 ~-~-> 01:21:26,340
5299 take any advice from me. And you think that's going to
5300
5301 1326
5302 01:21:26,340 ~-~-> 01:21:30,870
5303 protect you? It isn't. You have to have specific disclosures
5304
5305 1327
5306 01:21:30,900 ~-~-> 01:21:34,170
5307 of risk that are government mandated, you have to do these
5308
5309 1328
5310 01:21:34,170 ~-~-> 01:21:38,520
5311 things. Or you're looking at potentially years in jail. huge
5312
5313 1329
5314 01:21:38,520 ~-~-> 01:21:43,680
5315 fines $500,000 in five years in prison, look, having
5316
5317 1330
5318 01:21:43,710 ~-~-> 01:21:45,990
5319 significance and feeling good about yourself and feel like
5320
5321 1331
5322 01:21:45,990 ~-~-> 01:21:48,120
5323 you've arrived to have all the people believe in you, even
5324
5325 1332
5326 01:21:48,120 ~-~-> 01:21:51,600
5327 when it's not real. It ain't worth that type of punishment.
5328
5329 1333
5330 01:21:51,630 ~-~-> 01:21:54,660
5331 Five years in prison. Imagine that. Because that's what you
5332
5333 1334
5334 01:21:54,660 ~-~-> 01:21:57,510
5335 can learn. You can end up in something like that. Trying to
5336
5337 1335
5338 01:21:57,510 ~-~-> 01:22:02,040
5339 be something you're really not okay. That's why I stay in
5340
5341 1336
5342 01:22:02,190 ~-~-> 01:22:04,890
5343 paper trading and demo when I'm teaching because there's no
5344
5345 1337
5346 01:22:04,890 ~-~-> 01:22:07,830
5347 way you're going to misinterpret what I'm saying. You're
5348
5349 1338
5350 01:22:07,830 ~-~-> 01:22:10,890
5351 going to never look at me showing you a trade and say, he
5352
5353 1339
5354 01:22:10,890 ~-~-> 01:22:12,960
5355 did that with live funds. Let me be enticed to go and do the
5356
5357 1340
5358 01:22:12,960 ~-~-> 01:22:15,360
5359 same thing. At best, you're going to be enticed to go into a
5360
5361 1341
5362 01:22:15,360 ~-~-> 01:22:19,260
5363 demo account and try to replicate it. And guess what? You
5364
5365 1342
5366 01:22:19,260 ~-~-> 01:22:22,200
5367 can't lose your house with a demo account. You can't pay for
5368
5369 1343
5370 01:22:22,200 ~-~-> 01:22:25,620
5371 groceries with a demo account, but you can't lose anything
5372
5373 1344
5374 01:22:25,620 ~-~-> 01:22:30,330
5375 monetary with a demo. So that's the number one reason why
5376
5377 1345
5378 01:22:30,330 ~-~-> 01:22:33,090
5379 people have a an issue with me because I'm not going to
5380
5381 1346
5382 01:22:33,090 ~-~-> 01:22:36,030
5383 extend my neck on the block. So that way, I'm going to take
5384
5385 1347
5386 01:22:36,060 ~-~-> 01:22:39,660
5387 on personal risk, because I'm not going to do that. I know
5388
5389 1348
5390 01:22:39,660 ~-~-> 01:22:42,060
5391 the laws. Okay, I'm not going to I'm not going to cross them
5392
5393 1349
5394 01:22:42,870 ~-~-> 01:22:43,440
5395 saying like,
5396
5397 1350
5398 01:22:44,910 ~-~-> 01:22:50,430
5399 I think there's one more slide maybe. Hey, we are so here's
5400
5401 1351
5402 01:22:50,430 ~-~-> 01:22:55,680
5403 the market schematic for the wycoff distribution scheme,
5404
5405 1352
5406 01:22:55,950 ~-~-> 01:23:00,120
5407 okay, or schematic rather. Now, just because it goes up And
5408
5409 1353
5410 01:23:00,120 ~-~-> 01:23:03,690
5411 then goes down. It seems like oh, that's the perfect excuse.
5412
5413 1354
5414 01:23:03,690 ~-~-> 01:23:06,960
5415 We can now say that we've learned it from here and not ICT.
5416
5417 1355
5418 01:23:07,170 ~-~-> 01:23:12,030
5419 Okay. Nothing in here talks about a breaker. Nothing in here
5420
5421 1356
5422 01:23:12,030 ~-~-> 01:23:14,820
5423 talks about a fair value gap where it says last point of
5424
5425 1357
5426 01:23:14,850 ~-~-> 01:23:21,870
5427 supply. What is this? Prime preliminary supply? ps1 ps wise
5428
5429 1358
5430 01:23:21,870 ~-~-> 01:23:25,860
5431 over here. Okay, great. To me, that doesn't mean anything at
5432
5433 1359
5434 01:23:25,860 ~-~-> 01:23:29,520
5435 all. Nothing in my mentorship talks about that. What's the
5436
5437 1360
5438 01:23:29,520 ~-~-> 01:23:37,710
5439 LPS why screw up down here. Last point of supply after
5440
5441 1361
5442 01:23:37,710 ~-~-> 01:23:42,960
5443 testing support on a s o w sign of weakness. A feeble rally
5444
5445 1362
5446 01:23:42,990 ~-~-> 01:23:46,110
5447 on narrow spread shows that the market is having
5448
5449 1363
5450 01:23:46,110 ~-~-> 01:23:49,530
5451 considerable difficulty advancing this inability to rally
5452
5453 1364
5454 01:23:49,530 ~-~-> 01:23:53,760
5455 maybe due to weak demand, substantial supply or both. Last
5456
5457 1365
5458 01:23:53,760 ~-~-> 01:23:59,910
5459 point of supply represent exhaustion of demand and the last
5460
5461 1366
5462 01:23:59,910 ~-~-> 01:24:03,180
5463 one have large operators, distribution before markdown
5464
5465 1367
5466 01:24:03,180 ~-~-> 01:24:06,810
5467 begins in earnest. Okay. Again, that is clearly an
5468
5469 1368
5470 01:24:06,810 ~-~-> 01:24:10,860
5471 observation after the fact. What are the what are you doing
5472
5473 1369
5474 01:24:10,860 ~-~-> 01:24:16,050
5475 in the activation? have seen that in the chart, no words.
5476
5477 1370
5478 01:24:16,320 ~-~-> 01:24:20,700
5479 What is that instigating you to do as a trader using wycoff?
5480
5481 1371
5482 01:24:21,120 ~-~-> 01:24:25,290
5483 Nothing. You're not doing anything here. But that right
5484
5485 1372
5486 01:24:25,290 ~-~-> 01:24:27,780
5487 there is a fair value gap, or an institutional order flow
5488
5489 1373
5490 01:24:27,780 ~-~-> 01:24:32,790
5491 entry Joe short entry for me. All this is the reference
5492
5493 1374
5494 01:24:32,790 ~-~-> 01:24:36,900
5495 point after it happens in wycoff. Do you understand what I'm
5496
5497 1375
5498 01:24:36,900 ~-~-> 01:24:41,310
5499 saying? There are elements I don't care about looking at
5500
5501 1376
5502 01:24:41,310 ~-~-> 01:24:44,370
5503 something after the fact. Okay, if I can't make money with
5504
5505 1377
5506 01:24:44,370 ~-~-> 01:24:48,120
5507 it, it's of no use. To me. A fair value gap is something
5508
5509 1378
5510 01:24:48,120 ~-~-> 01:24:50,370
5511 that's in the chart and when it fills or even partially
5512
5513 1379
5514 01:24:50,370 ~-~-> 01:24:53,850
5515 fills. That's an entry for me. Institutional order flow
5516
5517 1380
5518 01:24:53,880 ~-~-> 01:24:57,000
5519 entry drill is something that's meaningful to me. It's not
5520
5521 1381
5522 01:24:57,000 ~-~-> 01:24:59,130
5523 something I'm going to highlight on my chart after it
5524
5525 1382
5526 01:24:59,130 ~-~-> 01:25:03,540
5527 happens. Make money on that. So what difference does it make
5528
5529 1383
5530 01:25:03,540 ~-~-> 01:25:06,540
5531 with all this stuff in here, they're not taking trades
5532
5533 1384
5534 01:25:06,540 ~-~-> 01:25:10,410
5535 there. nobody's taking trades on that. It's just
5536
5537 1385
5538 01:25:10,440 ~-~-> 01:25:15,000
5539 highlighting to overall likelihood this might go lower. I
5540
5541 1386
5542 01:25:15,000 ~-~-> 01:25:18,240
5543 already know it's going lower before it gets up to there. I
5544
5545 1387
5546 01:25:18,240 ~-~-> 01:25:21,900
5547 know about it once before it happens. I know it's likely to
5548
5549 1388
5550 01:25:21,900 ~-~-> 01:25:25,080
5551 occur, but I won't short so short until it gives me the
5552
5553 1389
5554 01:25:25,080 ~-~-> 01:25:27,420
5555 specific signatures and a few of them I've already
5556
5557 1390
5558 01:25:27,420 ~-~-> 01:25:33,780
5559 highlighted with the euro. Now, all of this in here still
5560
5561 1391
5562 01:25:33,780 ~-~-> 01:25:36,330
5563 doesn't say it goes down below the original consolidation.
5564
5565 1392
5566 01:25:36,810 ~-~-> 01:25:42,060
5567 Notice that See that? It's absent, because it's not in white
5568
5569 1393
5570 01:25:42,060 ~-~-> 01:25:49,410
5571 golf, kids. Okay. Now, let's go over to my forum. All right.
5572
5573 1394
5574 01:25:49,410 ~-~-> 01:25:52,560
5575 So you go into ICT mentorship. Now this is not a plug, okay.
5576
5577 1395
5578 01:25:53,430 ~-~-> 01:25:56,940
5579 This is just to show you that I talk about this stuff before
5580
5581 1396
5582 01:25:56,940 ~-~-> 01:26:01,770
5583 it happens. Let's go to August. And we'll go down to the
5584
5585 1397
5586 01:26:01,770 ~-~-> 01:26:05,070
5587 last one here. I haven't done this weekend's review and
5588
5589 1398
5590 01:26:05,100 ~-~-> 01:26:09,390
5591 commentary yet. So the last one is in Wednesday, August 19,
5592
5593 1399
5594 01:26:09,390 ~-~-> 01:26:15,540
5595 which is my midweek reveal, if you click on that, and I'll
5596
5597 1400
5598 01:26:15,540 ~-~-> 01:26:27,180
5599 scribble on over to the seven minute mark and write on them
5600
5601 1401
5602 01:26:27,180 ~-~-> 01:26:29,880
5603 and say this is going to go lower and attack the sauce
5604
5605 1402
5606 01:26:29,880 ~-~-> 01:26:35,880
5607 adequately resting. Listen now resting below these lows. See
5608
5609 1403
5610 01:26:35,880 ~-~-> 01:26:42,870
5611 that? Now, is this not the euro. It's the euro. And all this
5612
5613 1404
5614 01:26:42,870 ~-~-> 01:26:46,110
5615 idea right here. I'm drawing your attention right there.
5616
5617 1405
5618 01:26:46,140 ~-~-> 01:26:51,570
5619 That's not wycoff that's my market maker. So model. All this
5620
5621 1406
5622 01:26:51,570 ~-~-> 01:26:57,690
5623 liquidity, where's it resting at? 1780 to 1760. Right below
5624
5625 1407
5626 01:26:57,690 ~-~-> 01:27:07,470
5627 these lows here now Think is it's still an argument that I'm
5628
5629 1408
5630 01:27:07,470 ~-~-> 01:27:12,570
5631 reteaching wycoff with different names and trying to look
5632
5633 1409
5634 01:27:12,570 ~-~-> 01:27:15,690
5635 good and smart, but it's somebody else's stuff. Listen,
5636
5637 1410
5638 01:27:15,690 ~-~-> 01:27:16,110
5639 folks,
5640
5641 1411
5642 01:27:16,200 ~-~-> 01:27:16,620
5643 okay.
5644
5645 1412
5646 01:27:18,029 ~-~-> 01:27:23,819
5647 There's only one other person in forex that I have ever told
5648
5649 1413
5650 01:27:23,849 ~-~-> 01:27:28,859
5651 anyone to go and listen to and make them a mentor. That's
5652
5653 1414
5654 01:27:28,859 ~-~-> 01:27:32,909
5655 Chris Laurie. This same kind of stuff came up when I was
5656
5657 1415
5658 01:27:32,909 ~-~-> 01:27:37,889
5659 doing things on baby pips. Okay. I did videos over there and
5660
5661 1416
5662 01:27:37,889 ~-~-> 01:27:40,679
5663 had people that were in Chris Lori's group over there. Say,
5664
5665 1417
5666 01:27:40,679 ~-~-> 01:27:43,109
5667 Hey, look, you know what, we have our own version of pro
5668
5669 1418
5670 01:27:43,109 ~-~-> 01:27:46,019
5671 traders club. So honestly, in hindsight, looking back, it
5672
5673 1419
5674 01:27:46,019 ~-~-> 01:27:48,239
5675 was probably one of the worst things I've ever done because
5676
5677 1420
5678 01:27:48,599 ~-~-> 01:27:52,949
5679 it looks at face value. Like I'm teaching what he was doing
5680
5681 1421
5682 01:27:52,949 ~-~-> 01:27:55,469
5683 in his pro traders club, because he still has that if I'm
5684
5685 1422
5686 01:27:55,469 ~-~-> 01:27:58,439
5687 not mistaken. I think you still have it. But he was at least
5688
5689 1423
5690 01:27:58,439 ~-~-> 01:28:02,729
5691 at that time he was doing service where it was called pro
5692
5693 1424
5694 01:28:02,729 ~-~-> 01:28:07,859
5695 traders club. But nonetheless, I don't believe in wycoff.
5696
5697 1425
5698 01:28:08,399 ~-~-> 01:28:13,109
5699 Okay. I believe that Larry Williams stuff, the original
5700
5701 1426
5702 01:28:13,109 ~-~-> 01:28:15,209
5703 stuff, not his new stuff. I haven't looked at his new stuff
5704
5705 1427
5706 01:28:15,209 ~-~-> 01:28:18,479
5707 to be able to say yes or no, but his old stuff still works
5708
5709 1428
5710 01:28:18,479 ~-~-> 01:28:25,109
5711 today. Okay. If you're forex focused, if you don't like me,
5712
5713 1429
5714 01:28:25,499 ~-~-> 01:28:30,659
5715 go to Chris Laurie. I have many of his students in my group,
5716
5717 1430
5718 01:28:30,899 ~-~-> 01:28:33,449
5719 okay. And they will all say the same thing that I'm going to
5720
5721 1431
5722 01:28:33,449 ~-~-> 01:28:37,049
5723 tell you right now. I do not teach what Chris Laurie
5724
5725 1432
5726 01:28:37,049 ~-~-> 01:28:40,859
5727 teaches. There's nothing similar to what I'm doing to what
5728
5729 1433
5730 01:28:40,859 ~-~-> 01:28:45,899
5731 he teaches. Now. You're welcome to go and learn from him.
5732
5733 1434
5734 01:28:46,529 ~-~-> 01:28:52,289
5735 Okay, I believe he's a real genuine gentleman. And he wants
5736
5737 1435
5738 01:28:52,289 ~-~-> 01:28:56,309
5739 us to just do well, he's not a flashy flash guy. He's really
5740
5741 1436
5742 01:28:56,309 ~-~-> 01:28:59,699
5743 down to earth. And I think that if you put a lot of work
5744
5745 1437
5746 01:28:59,699 ~-~-> 01:29:03,239
5747 with it, Him, you'll learn, you won't learn the things I'm
5748
5749 1438
5750 01:29:03,239 ~-~-> 01:29:06,449
5751 teaching, but you'll learn things that I have a respect for,
5752
5753 1439
5754 01:29:06,449 ~-~-> 01:29:10,739
5755 because he teaches a lot of things that are very, very close
5756
5757 1440
5758 01:29:10,739 ~-~-> 01:29:14,699
5759 to the bottom rung of what I introduce. But there is a
5760
5761 1441
5762 01:29:14,759 ~-~-> 01:29:18,539
5763 totally different light your jump ahead. And again, it's not
5764
5765 1442
5766 01:29:18,539 ~-~-> 01:29:22,019
5767 a better than, okay, I'm trying to be very careful what I
5768
5769 1443
5770 01:29:22,019 ~-~-> 01:29:25,379
5771 say here because I have respect for Chris Laurie, and he
5772
5773 1444
5774 01:29:25,379 ~-~-> 01:29:29,969
5775 knows me, okay, he knows enough to at least invite me into
5776
5777 1445
5778 01:29:29,969 ~-~-> 01:29:35,219
5779 his forum and asked me to consult on how I could advise them
5780
5781 1446
5782 01:29:35,219 ~-~-> 01:29:38,639
5783 how to streamline it, and that's the extent of it. That's
5784
5785 1447
5786 01:29:38,639 ~-~-> 01:29:42,389
5787 it. I have not been formally taught by Chris Laurie. I've
5788
5789 1448
5790 01:29:42,389 ~-~-> 01:29:46,109
5791 not had any kind of YouTube knowledge under him except for
5792
5793 1449
5794 01:29:46,379 ~-~-> 01:29:50,819
5795 test driving his. He freely gave it to me and said, looking
5796
5797 1450
5798 01:29:50,819 ~-~-> 01:29:53,729
5799 to take a look at what you think. And you are welcome.
5800
5801 1451
5802 01:29:53,759 ~-~-> 01:29:57,269
5803 You're absolutely Welcome to go over there and ask him when
5804
5805 1452
5806 01:29:57,269 ~-~-> 01:30:00,899
5807 people mentioned him on baby pips, I think signed up. And I
5808
5809 1453
5810 01:30:00,899 ~-~-> 01:30:04,589
5811 think if I'm not mistaken, I was there for two months. And
5812
5813 1454
5814 01:30:04,589 ~-~-> 01:30:08,489
5815 he would validate that too. But I didn't, I didn't take
5816
5817 1455
5818 01:30:08,489 ~-~-> 01:30:11,219
5819 anything from that man. Okay, I didn't take anything
5820
5821 1456
5822 01:30:11,249 ~-~-> 01:30:13,799
5823 repackaging that stuff. He doesn't even probably know what a
5824
5825 1457
5826 01:30:13,799 ~-~-> 01:30:17,849
5827 stock market maker sell model or buy model is okay. But he
5828
5829 1458
5830 01:30:17,849 ~-~-> 01:30:22,019
5831 trades in a very similar fashion. Okay, but I think
5832
5833 1459
5834 01:30:22,019 ~-~-> 01:30:24,989
5835 personally, he trades a little bit closer to wycoff than I
5836
5837 1460
5838 01:30:24,989 ~-~-> 01:30:28,889
5839 really do. And again, I'm basically beating up wycoff only
5840
5841 1461
5842 01:30:28,889 ~-~-> 01:30:34,439
5843 because it's comparing it to what I trade with. And, again,
5844
5845 1462
5846 01:30:34,469 ~-~-> 01:30:38,909
5847 I'm not trying to create that, that team idea because I was
5848
5849 1463
5850 01:30:38,909 ~-~-> 01:30:42,329
5851 pro Larry Williams when I first started, and I had closed my
5852
5853 1464
5854 01:30:42,329 ~-~-> 01:30:47,999
5855 mind to everything, everything else, and in a lot of ways
5856
5857 1465
5858 01:30:47,999 ~-~-> 01:30:50,669
5859 that helped, but in a lot of ways it hurt me because it made
5860
5861 1466
5862 01:30:50,669 ~-~-> 01:30:57,119
5863 me feel like I was better than I really was. And listen, I'm
5864
5865 1467
5866 01:30:57,119 ~-~-> 01:31:01,199
5867 wise enough now to be like I said almost 50 years. Old. I
5868
5869 1468
5870 01:31:01,199 ~-~-> 01:31:04,919
5871 know that unless you see it yourself, you're not going to
5872
5873 1469
5874 01:31:04,919 ~-~-> 01:31:08,909
5875 believe it. So I don't hide from anything. I come out here
5876
5877 1470
5878 01:31:08,909 ~-~-> 01:31:10,799
5879 and I tell you what it is. I'm not worried about what
5880
5881 1471
5882 01:31:10,799 ~-~-> 01:31:12,719
5883 anybody else's opinion is. And I'm not worried about what
5884
5885 1472
5886 01:31:12,719 ~-~-> 01:31:15,509
5887 people can do or what they think they can do. I can outrage
5888
5889 1473
5890 01:31:15,509 ~-~-> 01:31:19,019
5891 everybody out here, period and the story done. I'm ready to
5892
5893 1474
5894 01:31:19,019 ~-~-> 01:31:23,249
5895 prove it. It never gets taken. When I tell you to go look at
5896
5897 1475
5898 01:31:23,249 ~-~-> 01:31:26,819
5899 Chris Laurie, I tell you to go study wycoff and tell. Tell
5900
5901 1476
5902 01:31:26,819 ~-~-> 01:31:30,059
5903 me after you've done that, if you think that you clearly see
5904
5905 1477
5906 01:31:30,059 ~-~-> 01:31:33,209
5907 me doing these things. No one has ever done that and came
5908
5909 1478
5910 01:31:33,209 ~-~-> 01:31:35,849
5911 back and said, Yeah, you know it, you're doing it. They've
5912
5913 1479
5914 01:31:35,849 ~-~-> 01:31:38,189
5915 always said, Yeah, there's nothing like nothing like that.
5916
5917 1480
5918 01:31:38,669 ~-~-> 01:31:41,579
5919 Students. They're under Chris Laurie right now. They are in
5920
5921 1481
5922 01:31:41,609 ~-~-> 01:31:44,969
5923 my group too. And they always send me emails. Why are you
5924
5925 1482
5926 01:31:44,969 ~-~-> 01:31:47,189
5927 keep harping about that. There's nothing you're doing that
5928
5929 1483
5930 01:31:47,189 ~-~-> 01:31:51,149
5931 Chris is teaching or even taught. And the same thing I want
5932
5933 1484
5934 01:31:51,149 ~-~-> 01:31:55,049
5935 you to if I was doing these very things, okay. If I was
5936
5937 1485
5938 01:31:55,049 ~-~-> 01:31:57,659
5939 reteaching and renaming and rehashing things that other
5940
5941 1486
5942 01:31:57,659 ~-~-> 01:32:03,209
5943 people do. Why the hell I tell you go and study them. Think
5944
5945 1487
5946 01:32:03,209 ~-~-> 01:32:05,309
5947 about that. Think about the logic of that.
5948
5949 1488
5950 01:32:06,810 ~-~-> 01:32:08,970
5951 When I was on baby pips, I said, hey, look, you know, if
5952
5953 1489
5954 01:32:08,970 ~-~-> 01:32:10,920
5955 you're looking for some money outside of me and you want to
5956
5957 1490
5958 01:32:10,920 ~-~-> 01:32:14,100
5959 learn forex price action stuff. You know, Chris, Lori's got
5960
5961 1491
5962 01:32:14,100 ~-~-> 01:32:19,140
5963 a good program going done. I spent two months there. And I
5964
5965 1492
5966 01:32:19,140 ~-~-> 01:32:21,300
5967 said, You know what, what you're doing is good. And we had a
5968
5969 1493
5970 01:32:21,300 ~-~-> 01:32:26,310
5971 lot of conversations, and we were going to do a seminar, but
5972
5973 1494
5974 01:32:26,310 ~-~-> 01:32:29,640
5975 because of my personality and brought a lot of, like I said,
5976
5977 1495
5978 01:32:29,640 ~-~-> 01:32:32,940
5979 I'm very controversial. I'm not a team player. Okay,
5980
5981 1496
5982 01:32:32,970 ~-~-> 01:32:36,960
5983 obvious. You can hear my voice and the things I say, Listen,
5984
5985 1497
5986 01:32:37,830 ~-~-> 01:32:42,810
5987 I'm not looking for a team. Okay, I am my own team. And I
5988
5989 1498
5990 01:32:42,810 ~-~-> 01:32:45,660
5991 don't like losing. I like winning. And I don't want to waste
5992
5993 1499
5994 01:32:45,660 ~-~-> 01:32:48,360
5995 my time with things that aren't going to make money. Period.
5996
5997 1500
5998 01:32:48,780 ~-~-> 01:32:51,510
5999 If it can't be used to make money, then you shouldn't be
6000
6001 1501
6002 01:32:51,510 ~-~-> 01:32:56,670
6003 bothering with it. And I believe wholeheartedly that if you
6004
6005 1502
6006 01:32:56,670 ~-~-> 01:33:01,110
6007 trained under Chris Laurie, you will find A profitable way
6008
6009 1503
6010 01:33:01,110 ~-~-> 01:33:05,670
6011 of trading. How long will it take? I don't know. Can you do
6012
6013 1504
6014 01:33:05,670 ~-~-> 01:33:08,460
6015 that with me? Yes, I believe that too. Can you do it with
6016
6017 1505
6018 01:33:08,460 ~-~-> 01:33:11,280
6019 wycoff I know people that trade with wycoff and they're
6020
6021 1506
6022 01:33:11,280 ~-~-> 01:33:14,670
6023 profitable. But when I sat down with them and I showed you
6024
6025 1507
6026 01:33:14,700 ~-~-> 01:33:16,890
6027 like the some of the things I showed you in this video here,
6028
6029 1508
6030 01:33:17,730 ~-~-> 01:33:22,470
6031 it made them appreciate the things that are not known widely
6032
6033 1509
6034 01:33:22,500 ~-~-> 01:33:25,440
6035 in the universe of trading. It just they don't. First of
6036
6037 1510
6038 01:33:25,440 ~-~-> 01:33:28,650
6039 all, you're not going to hear someone get up on stage in
6040
6041 1511
6042 01:33:28,650 ~-~-> 01:33:31,170
6043 front of people and say, the markets are absolutely rigged
6044
6045 1512
6046 01:33:31,170 ~-~-> 01:33:35,010
6047 the previous day's data will give you the information that
6048
6049 1513
6050 01:33:35,010 ~-~-> 01:33:39,030
6051 causes the calculations to the PIP that the previous day
6052
6053 1514
6054 01:33:39,060 ~-~-> 01:33:42,090
6055 gives you the next day's high and low before it forms and
6056
6057 1515
6058 01:33:42,090 ~-~-> 01:33:46,950
6059 it's compiled at midnight New York time. If someone sat
6060
6061 1516
6062 01:33:46,950 ~-~-> 01:33:51,030
6063 there and got on CNBC and said, Okay, listen, I'm just so
6064
6065 1517
6066 01:33:51,030 ~-~-> 01:33:55,050
6067 you have your heads up. The central banks peg their daily
6068
6069 1518
6070 01:33:55,050 ~-~-> 01:33:58,110
6071 highs and lows at midnight, New York time and they do this
6072
6073 1519
6074 01:33:58,110 ~-~-> 01:34:02,250
6075 every single day for every currency. And you can follow this
6076
6077 1520
6078 01:34:02,250 ~-~-> 01:34:04,590
6079 and know what it's going to do within five pips variance.
6080
6081 1521
6082 01:34:06,780 ~-~-> 01:34:11,520
6083 How much attention Do you think that would Garner? A lot.
6084
6085 1522
6086 01:34:12,870 ~-~-> 01:34:20,400
6087 And I've been saying this since 1996. And I have not. I've
6088
6089 1523
6090 01:34:20,400 ~-~-> 01:34:25,080
6091 never ever advertised. I've never advertised I've never put
6092
6093 1524
6094 01:34:25,080 ~-~-> 01:34:27,870
6095 an ad on Facebook. I've never put an ad on YouTube. I've
6096
6097 1525
6098 01:34:27,870 ~-~-> 01:34:32,640
6099 never advertised anything except for one classified ad that
6100
6101 1526
6102 01:34:32,640 ~-~-> 01:34:39,720
6103 I put on Rob report. And one Wall Street Journal ad. That's
6104
6105 1527
6106 01:34:39,720 ~-~-> 01:34:44,040
6107 it. That's it. That's all I ever did. And most of everything
6108
6109 1528
6110 01:34:44,040 ~-~-> 01:34:47,940
6111 else was people seeing me finally me. Because it's very hard
6112
6113 1529
6114 01:34:47,940 ~-~-> 01:34:52,230
6115 to manage all you is a lot of you. And so many different
6116
6117 1530
6118 01:34:52,230 ~-~-> 01:34:55,350
6119 personalities, so many team mentality and it's mostly the
6120
6121 1531
6122 01:34:55,350 ~-~-> 01:34:58,680
6123 younger people, the millennials. They come in contact with
6124
6125 1532
6126 01:34:58,680 ~-~-> 01:35:01,650
6127 me and they think wow, going to take this guy stuff. And I'm
6128
6129 1533
6130 01:35:01,650 ~-~-> 01:35:04,140
6131 going to repackage it. And I'm going to get so rich and I'm
6132
6133 1534
6134 01:35:04,140 ~-~-> 01:35:05,700
6135 gonna do this. I don't need every trait. Let me tell you
6136
6137 1535
6138 01:35:05,700 ~-~-> 01:35:13,620
6139 something. I have made so much money trading, the paper
6140
6141 1536
6142 01:35:13,620 ~-~-> 01:35:17,370
6143 trades and the demo trades in this mentorship that I would
6144
6145 1537
6146 01:35:17,370 ~-~-> 01:35:24,060
6147 never need ever to trade another Live account ever. Let that
6148
6149 1538
6150 01:35:24,060 ~-~-> 01:35:27,840
6151 sink in. And knowing that, okay, I want you to understand
6152
6153 1539
6154 01:35:27,840 ~-~-> 01:35:31,320
6155 it. I'm not doing it to brag I'm telling you why it's
6156
6157 1540
6158 01:35:31,320 ~-~-> 01:35:34,740
6159 important to listen to someone like me. I'm not motivated by
6160
6161 1541
6162 01:35:34,740 ~-~-> 01:35:39,750
6163 image. I have nice cars. I have nice homes. I have nice
6164
6165 1542
6166 01:35:39,750 ~-~-> 01:35:43,770
6167 everything. And that's not why you should be doing this.
6168
6169 1543
6170 01:35:44,310 ~-~-> 01:35:47,010
6171 Because if you're listening to someone, and they're flashing
6172
6173 1544
6174 01:35:47,010 ~-~-> 01:35:51,870
6175 cars that they don't own, in locations they don't live in.
6176
6177 1545
6178 01:35:52,020 ~-~-> 01:35:55,050
6179 These are all just destinations. They got to because they
6180
6181 1546
6182 01:35:55,050 ~-~-> 01:35:59,550
6183 sold something and it's not a profitable position. They sold
6184
6185 1547
6186 01:36:00,630 ~-~-> 01:36:03,750
6187 You know, information that generally isn't theirs. And
6188
6189 1548
6190 01:36:03,750 ~-~-> 01:36:05,910
6191 they're flying around on airplanes that they didn't pay for
6192
6193 1549
6194 01:36:05,910 ~-~-> 01:36:10,710
6195 that ticket with trading profits. So I've never wanted to go
6196
6197 1550
6198 01:36:10,710 ~-~-> 01:36:14,160
6199 that route. never, I never want to go there. I knew if I
6200
6201 1551
6202 01:36:14,160 ~-~-> 01:36:17,490
6203 walked in here in the foreign exchange universe, like Mike
6204
6205 1552
6206 01:36:17,490 ~-~-> 01:36:21,030
6207 Tyson, no flash, I walk out here with a towel over my
6208
6209 1553
6210 01:36:21,030 ~-~-> 01:36:25,440
6211 shoulders, no socks. I'm not trying to flash anything. And I
6212
6213 1554
6214 01:36:25,440 ~-~-> 01:36:29,400
6215 go out here and I knock out these markets, and anybody else
6216
6217 1555
6218 01:36:29,400 ~-~-> 01:36:32,520
6219 that's willing to compare themselves with me. I'm not
6220
6221 1556
6222 01:36:32,520 ~-~-> 01:36:37,380
6223 interested in all that image stuff. I'm interested in making
6224
6225 1557
6226 01:36:37,380 ~-~-> 01:36:41,130
6227 an impact on your life. Because that's what I promised. If
6228
6229 1558
6230 01:36:41,130 ~-~-> 01:36:44,130
6231 it was given to me. Then I would spend the rest of my life
6232
6233 1559
6234 01:36:44,460 ~-~-> 01:36:49,170
6235 teaching it. And I do. Yes, there's things that I sell that
6236
6237 1560
6238 01:36:49,170 ~-~-> 01:36:52,230
6239 are going to be only in mentorship. Do you need that to be
6240
6241 1561
6242 01:36:52,230 ~-~-> 01:36:57,180
6243 profitable? Absolutely not. You don't ever need to buy my
6244
6245 1562
6246 01:36:57,180 ~-~-> 01:36:59,970
6247 mentorship. You don't ever need to buy another person's car.
6248
6249 1563
6250 01:37:00,540 ~-~-> 01:37:03,660
6251 If you don't find profitability in my YouTube channels
6252
6253 1564
6254 01:37:03,660 ~-~-> 01:37:04,290
6255 lessons,
6256
6257 1565
6258 01:37:04,710 ~-~-> 01:37:08,400
6259 din trading is not for you. Think about what I just said
6260
6261 1566
6262 01:37:08,400 ~-~-> 01:37:12,120
6263 there. If you go out and you buy another person's course,
6264
6265 1567
6266 01:37:13,140 ~-~-> 01:37:15,840
6267 and you have not gone through this YouTube channel in its
6268
6269 1568
6270 01:37:15,840 ~-~-> 01:37:19,530
6271 entirety, you're a fool. Because I'm gonna tell you
6272
6273 1569
6274 01:37:19,530 ~-~-> 01:37:24,150
6275 something. There has never been anyone that comes to this
6276
6277 1570
6278 01:37:24,150 ~-~-> 01:37:27,270
6279 YouTube channel and says I wasted my time there. The only
6280
6281 1571
6282 01:37:27,270 ~-~-> 01:37:29,940
6283 complaint you're gonna get like with this video, I talk too
6284
6285 1572
6286 01:37:29,940 ~-~-> 01:37:35,940
6287 much when I'm talking to you. I'm not demonstrating toys.
6288
6289 1573
6290 01:37:37,170 ~-~-> 01:37:40,770
6291 I'm talking to you. I'm trying to make a connection with
6292
6293 1574
6294 01:37:40,770 ~-~-> 01:37:46,920
6295 you. Because I'm telling you, I wish I wish the God Almighty
6296
6297 1575
6298 01:37:46,920 ~-~-> 01:37:52,950
6299 that I had this when I was coming up. I am a real person. I
6300
6301 1576
6302 01:37:52,950 ~-~-> 01:37:58,380
6303 have made millions of dollars. I have done things stupid and
6304
6305 1577
6306 01:37:58,380 ~-~-> 01:38:05,220
6307 last time doing stupid things. Everyone knows me as the demo
6308
6309 1578
6310 01:38:05,220 ~-~-> 01:38:09,030
6311 baller. And you all understand why? Because I'm not going to
6312
6313 1579
6314 01:38:09,030 ~-~-> 01:38:12,030
6315 take on that liability. I'm not licensed. And these young
6316
6317 1580
6318 01:38:12,030 ~-~-> 01:38:14,430
6319 people that talk all that smack saying, Oh, yeah, he was
6320
6321 1581
6322 01:38:14,430 ~-~-> 01:38:18,180
6323 this, he was that. Listen, there's a World Cup trading
6324
6325 1582
6326 01:38:18,180 ~-~-> 01:38:21,690
6327 contest that's sitting right there every year. Put yourself
6328
6329 1583
6330 01:38:21,690 ~-~-> 01:38:24,720
6331 on the leader spot, call me out. And I'll take your spot in
6332
6333 1584
6334 01:38:24,720 ~-~-> 01:38:29,760
6335 one week. And that's as plain as I can make it for you. I'm
6336
6337 1585
6338 01:38:29,760 ~-~-> 01:38:33,120
6339 going to give you more insights in institutional trading and
6340
6341 1586
6342 01:38:33,120 ~-~-> 01:38:35,760
6343 smart money concepts. And I'm gonna give you with examples
6344
6345 1587
6346 01:38:35,760 ~-~-> 01:38:39,030
6347 and executions. It's not just always pointing to something
6348
6349 1588
6350 01:38:39,030 ~-~-> 01:38:41,460
6351 after the fact I can do that and you can learn from that.
6352
6353 1589
6354 01:38:41,940 ~-~-> 01:38:44,940
6355 But it's better when you can get it proven to you when it's
6356
6357 1590
6358 01:38:44,940 ~-~-> 01:38:50,370
6359 shown to you in detail. And my my goal is for you to number
6360
6361 1591
6362 01:38:50,370 ~-~-> 01:38:54,720
6363 one, feel confident that you're in the right place. Listen,
6364
6365 1592
6366 01:38:55,290 ~-~-> 01:38:59,070
6367 did it cost you any money to click this play button? No
6368
6369 1593
6370 01:39:00,540 ~-~-> 01:39:03,270
6371 Maybe you feel like I've talked too much. And maybe I didn't
6372
6373 1594
6374 01:39:03,270 ~-~-> 01:39:07,140
6375 say enough that what you wanted me to cover. I've said it
6376
6377 1595
6378 01:39:07,140 ~-~-> 01:39:11,850
6379 all already in the YouTube videos. You're looking for that
6380
6381 1596
6382 01:39:11,850 ~-~-> 01:39:14,730
6383 five minute trainer that says, This is what you do every
6384
6385 1597
6386 01:39:14,730 ~-~-> 01:39:20,760
6387 single day. That doesn't exist, folks. It doesn't exist.
6388
6389 1598
6390 01:39:21,150 ~-~-> 01:39:23,100
6391 Because there's a lot of there's five minute trainer type
6392
6393 1599
6394 01:39:23,100 ~-~-> 01:39:26,250
6395 videos on YouTube, where the kids sit on there and they say,
6396
6397 1600
6398 01:39:26,430 ~-~-> 01:39:28,290
6399 Dr. betrayed to hear this. You didn't learn anything from
6400
6401 1601
6402 01:39:28,290 ~-~-> 01:39:31,200
6403 that. And he didn't show you or she didn't show you an
6404
6405 1602
6406 01:39:31,200 ~-~-> 01:39:34,710
6407 execution. Where's the proof that you took it? Even in a
6408
6409 1603
6410 01:39:34,710 ~-~-> 01:39:39,090
6411 demo? Show me your point of entry. Show me how you managed
6412
6413 1604
6414 01:39:39,090 ~-~-> 01:39:41,730
6415 to stop 99% of time these people aren't even using stop
6416
6417 1605
6418 01:39:41,730 ~-~-> 01:39:47,310
6419 losses. So if you're not sharing a stop loss location, you
6420
6421 1606
6422 01:39:47,310 ~-~-> 01:39:51,660
6423 didn't take a trade. You didn't take that. And that's
6424
6425 1607
6426 01:39:51,660 ~-~-> 01:39:53,820
6427 exactly what you see on social media today. You see
6428
6429 1608
6430 01:39:53,820 ~-~-> 01:39:56,130
6431 everybody wants to show their entry and where the market is
6432
6433 1609
6434 01:39:56,130 ~-~-> 01:39:59,490
6435 now. You know what that trade is? That's a trade day. Put on
6436
6437 1610
6438 01:40:00,000 ~-~-> 01:40:03,270
6439 Three or four days ago, maybe even a month ago. And now it
6440
6441 1611
6442 01:40:03,270 ~-~-> 01:40:05,520
6443 looks like it's profitable. And they're in such a hurry to
6444
6445 1612
6446 01:40:05,520 ~-~-> 01:40:07,170
6447 show to you because they're thinking that the trades gonna
6448
6449 1613
6450 01:40:07,170 ~-~-> 01:40:10,050
6451 move to an unprofitable state. They Hurry up and share that
6452
6453 1614
6454 01:40:10,050 ~-~-> 01:40:12,930
6455 screenshot on social media and everybody says, Wow, look at
6456
6457 1615
6458 01:40:12,930 ~-~-> 01:40:16,140
6459 that. There's no stop loss on it. There's a guy over here on
6460
6461 1616
6462 01:40:16,140 ~-~-> 01:40:19,320
6463 Instagram that made a name for himself doing all that stuff,
6464
6465 1617
6466 01:40:19,350 ~-~-> 01:40:23,460
6467 no stop loss whatsoever. And he was unwilling to show that
6468
6469 1618
6470 01:40:23,460 ~-~-> 01:40:29,280
6471 he could do anything close to what I do. Come on, Shawn.
6472
6473 1619
6474 01:40:30,270 ~-~-> 01:40:38,700
6475 still available. Anyway, I want you to think about what I
6476
6477 1620
6478 01:40:38,700 ~-~-> 01:40:43,020
6479 showed you today. I want you to investigate yourself. Don't
6480
6481 1621
6482 01:40:43,020 ~-~-> 01:40:46,890
6483 take my word for it. dig into this YouTube channel and then
6484
6485 1622
6486 01:40:46,890 ~-~-> 01:40:51,090
6487 dig into like off and you tell me, okay, if you see the
6488
6489 1623
6490 01:40:51,090 ~-~-> 01:40:55,830
6491 similarity anywhere because it doesn't exist. It's void of
6492
6493 1624
6494 01:40:55,860 ~-~-> 01:41:01,320
6495 anything. wycoff nothing. Nothing there, folks. And I've
6496
6497 1625
6498 01:41:01,320 ~-~-> 01:41:04,440
6499 said this all along. I've said it numerous times over the
6500
6501 1626
6502 01:41:04,440 ~-~-> 01:41:10,020
6503 last 10 years. All you have to do is investigate the things
6504
6505 1627
6506 01:41:10,020 ~-~-> 01:41:16,230
6507 I'm sharing publicly. And if you do that, that's the
6508
6509 1628
6510 01:41:16,230 ~-~-> 01:41:20,100
6511 testimony that stands the test of time. Like I said, I could
6512
6513 1629
6514 01:41:20,100 ~-~-> 01:41:23,640
6515 do this in front of a quarter wall, period and a story.
6516
6517 1630
6518 01:41:24,120 ~-~-> 01:41:29,400
6519 Everybody else ain't gonna do that. Because they can't
6520
6521 1631
6522 01:41:29,400 ~-~-> 01:41:34,680
6523 number one, two, they don't know what they're doing. I knew
6524
6525 1632
6526 01:41:34,680 ~-~-> 01:41:39,690
6527 how to do this. I can do this. I do do this. And I can teach
6528
6529 1633
6530 01:41:39,690 ~-~-> 01:41:44,910
6531 it to you too. Will you be perfect? Will you lose money to
6532
6533 1634
6534 01:41:44,910 ~-~-> 01:41:47,580
6535 trade with live funds? Yes, you will lose money. Will you be
6536
6537 1635
6538 01:41:47,580 ~-~-> 01:41:52,230
6539 perfect? No, you won't be. I'm not perfect. I know where I'm
6540
6541 1636
6542 01:41:52,230 ~-~-> 01:41:55,320
6543 going to be wrong. Most likely, and I try to avoid those
6544
6545 1637
6546 01:41:55,320 ~-~-> 01:41:59,490
6547 environments. I've learned over the last 27 years, the
6548
6549 1638
6550 01:41:59,490 ~-~-> 01:42:03,930
6551 things that will lead to high probability.
6552
6553 1639
6554 01:42:04,679 ~-~-> 01:42:06,989
6555 And I also know the things that I like to see in price
6556
6557 1640
6558 01:42:06,989 ~-~-> 01:42:10,769
6559 action is a lot of patterns I know and scenarios that may
6560
6561 1641
6562 01:42:10,859 ~-~-> 01:42:14,429
6563 unfold a specific way. But I don't have an affinity for
6564
6565 1642
6566 01:42:14,429 ~-~-> 01:42:18,869
6567 them. But I teach them because I know enough about human
6568
6569 1643
6570 01:42:18,869 ~-~-> 01:42:23,639
6571 psychology that there may be a large degree of the
6572
6573 1644
6574 01:42:23,669 ~-~-> 01:42:28,379
6575 viewership here that may like to do those very setups. Just
6576
6577 1645
6578 01:42:28,379 ~-~-> 01:42:30,869
6579 because it doesn't resonate with me, doesn't mean it won't
6580
6581 1646
6582 01:42:30,869 ~-~-> 01:42:35,099
6583 resonate with you. So I try not to press everybody into a
6584
6585 1647
6586 01:42:35,099 ~-~-> 01:42:38,099
6587 specific mode because I don't think that works. It didn't
6588
6589 1648
6590 01:42:38,099 ~-~-> 01:42:40,859
6591 work with me. Obviously, I tried to be a duplicate of Larry
6592
6593 1649
6594 01:42:40,859 ~-~-> 01:42:45,659
6595 Williams and get I get it. Listen. Everything that you guys
6596
6597 1650
6598 01:42:45,659 ~-~-> 01:42:49,889
6599 hear me talk about, it's so different. It's so powerful,
6600
6601 1651
6602 01:42:49,889 ~-~-> 01:42:53,759
6603 it's precise. It's just unbelievable. And I know I get it,
6604
6605 1652
6606 01:42:53,999 ~-~-> 01:42:59,909
6607 and a younger me would have been flattered by all that. But
6608
6609 1653
6610 01:43:01,349 ~-~-> 01:43:05,069
6611 I can tell you, I'm ashamed of what I did on America Online
6612
6613 1654
6614 01:43:05,069 ~-~-> 01:43:09,059
6615 because I was pretending to be equivalent to Larry Williams
6616
6617 1655
6618 01:43:09,059 ~-~-> 01:43:13,229
6619 when I wasn't even close. Like, I didn't know anything. I
6620
6621 1656
6622 01:43:13,229 ~-~-> 01:43:17,369
6623 was just going by what my last few trades were. And they
6624
6625 1657
6626 01:43:17,369 ~-~-> 01:43:20,129
6627 were over leveraged. And many times I didn't even have a
6628
6629 1658
6630 01:43:20,129 ~-~-> 01:43:25,379
6631 stoploss. Think, think about that. That's absurd. It's
6632
6633 1659
6634 01:43:25,409 ~-~-> 01:43:29,609
6635 absurd. And I was carrying on when America Online, like I
6636
6637 1660
6638 01:43:29,609 ~-~-> 01:43:34,679
6639 was some rock star. I was nothing like I am today. Nothing.
6640
6641 1661
6642 01:43:35,249 ~-~-> 01:43:37,739
6643 I respect these markets because they've taken lots of money
6644
6645 1662
6646 01:43:37,739 ~-~-> 01:43:41,789
6647 from me. And I don't like losing. I hate losing. So I've
6648
6649 1663
6650 01:43:42,659 ~-~-> 01:43:46,709
6651 spent my entire life trying to decipher the things that
6652
6653 1664
6654 01:43:46,739 ~-~-> 01:43:51,089
6655 cause me as an individual to get tricked by the marketplace.
6656
6657 1665
6658 01:43:51,629 ~-~-> 01:43:54,959
6659 And there are specific things that these markets do that
6660
6661 1666
6662 01:43:54,959 ~-~-> 01:43:58,919
6663 they are doing by default. It's not like they're looking
6664
6665 1667
6666 01:43:58,919 ~-~-> 01:44:02,159
6667 just for yours. Or they're looking for this or that. There
6668
6669 1668
6670 01:44:02,159 ~-~-> 01:44:04,589
6671 are specific things that they're just doing that they're
6672
6673 1669
6674 01:44:04,589 ~-~-> 01:44:08,009
6675 programmed to do. And it doesn't sound normal, it sounds
6676
6677 1670
6678 01:44:08,009 ~-~-> 01:44:10,499
6679 like no way this is gonna be like this. It's all buying and
6680
6681 1671
6682 01:44:10,499 ~-~-> 01:44:13,049
6683 selling pressure. It's reason why the markets random. I'm
6684
6685 1672
6686 01:44:13,049 ~-~-> 01:44:14,489
6687 gonna say right now there's nothing random about these
6688
6689 1673
6690 01:44:14,489 ~-~-> 01:44:19,259
6691 markets. There's nothing random, zero. And if it was all
6692
6693 1674
6694 01:44:19,259 ~-~-> 01:44:22,349
6695 buying and selling pressure, then why is these markets
6696
6697 1675
6698 01:44:22,349 ~-~-> 01:44:25,259
6699 stopping at the PIP I'm looking for turning and going to
6700
6701 1676
6702 01:44:25,259 ~-~-> 01:44:28,499
6703 another level to the PIP that I'm looking for every single
6704
6705 1677
6706 01:44:28,499 ~-~-> 01:44:38,909
6707 week. Think think? How could a kitchen sink approach of all
6708
6709 1678
6710 01:44:38,909 ~-~-> 01:44:42,509
6711 these retail theories? How could they all be fighting each
6712
6713 1679
6714 01:44:42,539 ~-~-> 01:44:46,739
6715 other? And yet, take a step outside of all that stuff. And
6716
6717 1680
6718 01:44:46,739 ~-~-> 01:44:49,709
6719 don't don't refer to any of it. Don't look at it. And when
6720
6721 1681
6722 01:44:49,709 ~-~-> 01:44:52,919
6723 there's times when you can use it as an opposing opinion.
6724
6725 1682
6726 01:44:53,999 ~-~-> 01:44:58,169
6727 Everything works perfectly like a Swiss timepiece. Folks,
6728
6729 1683
6730 01:44:58,169 ~-~-> 01:45:02,459
6731 listen. That kind of thing. stuff doesn't happen unless it's
6732
6733 1684
6734 01:45:02,459 ~-~-> 01:45:07,589
6735 programmed to do so. And all of you individuals out there on
6736
6737 1685
6738 01:45:07,589 ~-~-> 01:45:11,789
6739 these team mentalities, oh I'm team harmonic. I'm team,
6740
6741 1686
6742 01:45:12,089 ~-~-> 01:45:16,379
6743 Elliott, wave and team supply and demand Team wycoff. All of
6744
6745 1687
6746 01:45:16,379 ~-~-> 01:45:20,519
6747 you are fighting each other, trying to be something that
6748
6749 1688
6750 01:45:20,519 ~-~-> 01:45:24,359
6751 your theory isn't never going to deliver. It's never going
6752
6753 1689
6754 01:45:24,359 ~-~-> 01:45:28,679
6755 to deliver like this will. And you all get to test drive it
6756
6757 1690
6758 01:45:28,919 ~-~-> 01:45:34,349
6759 for free. Just listen to me. Go through every video on this
6760
6761 1691
6762 01:45:34,349 ~-~-> 01:45:37,199
6763 YouTube channel. Go through every single one of them take
6764
6765 1692
6766 01:45:37,259 ~-~-> 01:45:43,199
6767 copious notes, and I promise you, I guaran damn tee you. You
6768
6769 1693
6770 01:45:43,199 ~-~-> 01:45:47,159
6771 are going to learn more here than you will learn any where
6772
6773 1694
6774 01:45:47,159 ~-~-> 01:45:51,749
6775 else. bar none. And you're going to see and understand more
6776
6777 1695
6778 01:45:51,749 ~-~-> 01:45:54,659
6779 about price action than you ever would learn from any course
6780
6781 1696
6782 01:45:54,689 ~-~-> 01:45:59,969
6783 any book, any author, any educator, any mentor none period.
6784
6785 1697
6786 01:46:02,429 ~-~-> 01:46:04,679
6787 And with that, I'm going to close this one and I will talk
6788
6789 1698
6790 01:46:04,679 ~-~-> 01:46:07,799
6791 to you next week. Enjoy your weekend. Be safe. Good luck and
6792
6793 1699
6794 01:46:07,799 ~-~-> 01:46:08,279
6795 good trading.