Wiki source code of ICT YT - 2020-09-15 - ICT Forex Price Action Lesson - GbpUsd Trade Recap and Price Action Lecture.srt
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1 | 1 | ||
2 | 00:00:17,520 ~-~-> 00:00:20,700 | ||
3 | ICT: There's gonna be a short little lesson on the trade | ||
4 | |||
5 | 2 | ||
6 | 00:00:20,730 ~-~-> 00:00:25,020 | ||
7 | showed this morning for the New York open trading de cable | ||
8 | |||
9 | 3 | ||
10 | 00:00:25,020 ~-~-> 00:00:29,100 | ||
11 | or pound dollar. Before I get into it, I'm going to give you | ||
12 | |||
13 | 4 | ||
14 | 00:00:29,100 ~-~-> 00:00:31,530 | ||
15 | a little bit of background as to why I was only looking at a | ||
16 | |||
17 | 5 | ||
18 | 00:00:31,530 ~-~-> 00:00:37,050 | ||
19 | scalp and not a large range move where it opens, makes the | ||
20 | |||
21 | 6 | ||
22 | 00:00:37,050 ~-~-> 00:00:41,790 | ||
23 | high today and closes on the low. Looking at the Dollar | ||
24 | |||
25 | 7 | ||
26 | 00:00:41,790 ~-~-> 00:00:45,900 | ||
27 | Index, this is our daily chart. And if you look at what | ||
28 | |||
29 | 8 | ||
30 | 00:00:45,900 ~-~-> 00:00:49,170 | ||
31 | we're doing here, we're range bound, it's not really making | ||
32 | |||
33 | 9 | ||
34 | 00:00:49,170 ~-~-> 00:00:53,130 | ||
35 | any ground higher or lower. And my students know that this | ||
36 | |||
37 | 10 | ||
38 | 00:00:53,130 ~-~-> 00:00:59,520 | ||
39 | is what we've been sitting in. So our prognostication is | ||
40 | |||
41 | 11 | ||
42 | 00:00:59,520 ~-~-> 00:01:03,450 | ||
43 | dialed back goes, we're not looking for big trending moves, | ||
44 | |||
45 | 12 | ||
46 | 00:01:03,540 ~-~-> 00:01:06,390 | ||
47 | we're not looking for big breakout moves, we're waiting for | ||
48 | |||
49 | 13 | ||
50 | 00:01:06,390 ~-~-> 00:01:08,550 | ||
51 | the central banks to reprice outside of this range, and we | ||
52 | |||
53 | 14 | ||
54 | 00:01:08,550 ~-~-> 00:01:12,420 | ||
55 | don't really particularly care which direction it is. But | ||
56 | |||
57 | 15 | ||
58 | 00:01:12,690 ~-~-> 00:01:16,410 | ||
59 | while it's in these ranges, you have to at least consider | ||
60 | |||
61 | 16 | ||
62 | 00:01:17,670 ~-~-> 00:01:23,790 | ||
63 | the effects of trying to look for a big breakout move, | ||
64 | |||
65 | 17 | ||
66 | 00:01:24,600 ~-~-> 00:01:29,160 | ||
67 | versus staying within the range. Okay, so have that in mind | ||
68 | |||
69 | 18 | ||
70 | 00:01:29,160 ~-~-> 00:01:32,250 | ||
71 | when we look at the cable. And I'll talk a little bit about | ||
72 | |||
73 | 19 | ||
74 | 00:01:32,250 ~-~-> 00:01:34,890 | ||
75 | what I mean by that and how it relates to the British Pound | ||
76 | |||
77 | 20 | ||
78 | 00:01:34,890 ~-~-> 00:01:38,130 | ||
79 | versus the US dollar. But for now, just know that while this | ||
80 | |||
81 | 21 | ||
82 | 00:01:38,940 ~-~-> 00:01:43,380 | ||
83 | dollar index is in consolidation, that was the precursor | ||
84 | |||
85 | 22 | ||
86 | 00:01:43,710 ~-~-> 00:01:46,440 | ||
87 | that set the stage for me to only look for scalps. Whereas | ||
88 | |||
89 | 23 | ||
90 | 00:01:46,710 ~-~-> 00:01:49,230 | ||
91 | some days when I get into the marketplace, I'll be looking | ||
92 | |||
93 | 24 | ||
94 | 00:01:49,230 ~-~-> 00:01:53,160 | ||
95 | to take a trade that will be a continuation of whatever | ||
96 | |||
97 | 25 | ||
98 | 00:01:53,160 ~-~-> 00:01:57,330 | ||
99 | London does. And today was a market reversal profile. And | ||
100 | |||
101 | 26 | ||
102 | 00:01:57,330 ~-~-> 00:02:03,210 | ||
103 | I'm using the new york open to do that to facilitate it. So | ||
104 | |||
105 | 27 | ||
106 | 00:02:04,080 ~-~-> 00:02:07,890 | ||
107 | while the New York open was the framework, as I teach the | ||
108 | |||
109 | 28 | ||
110 | 00:02:07,890 ~-~-> 00:02:10,890 | ||
111 | New York open kill zone on this YouTube channel, with the | ||
112 | |||
113 | 29 | ||
114 | 00:02:10,890 ~-~-> 00:02:14,070 | ||
115 | optimal trade entry pattern recognition series, I introduced | ||
116 | |||
117 | 30 | ||
118 | 00:02:14,070 ~-~-> 00:02:16,620 | ||
119 | a time window of 830 in the morning till 11 o'clock in the | ||
120 | |||
121 | 31 | ||
122 | 00:02:16,620 ~-~-> 00:02:22,020 | ||
123 | morning, Eastern Standard Time. That was the actual time | ||
124 | |||
125 | 32 | ||
126 | 00:02:22,020 ~-~-> 00:02:26,160 | ||
127 | that the trade was taken. Okay, so using that framework, you | ||
128 | |||
129 | 33 | ||
130 | 00:02:26,160 ~-~-> 00:02:29,010 | ||
131 | can actually see the breaker that outline, that was the | ||
132 | |||
133 | 34 | ||
134 | 00:02:29,010 ~-~-> 00:02:32,040 | ||
135 | actual pattern within the time element that's required for | ||
136 | |||
137 | 35 | ||
138 | 00:02:32,490 ~-~-> 00:02:39,600 | ||
139 | trading institutional trading. So let's go over to the | ||
140 | |||
141 | 36 | ||
142 | 00:02:39,600 ~-~-> 00:02:42,120 | ||
143 | British pound. Alright, so here's the British pound, this is | ||
144 | |||
145 | 37 | ||
146 | 00:02:42,120 ~-~-> 00:02:46,020 | ||
147 | our five minute chart. And there's some of you, in this | ||
148 | |||
149 | 38 | ||
150 | 00:02:46,650 ~-~-> 00:02:49,380 | ||
151 | YouTube channel audience probably aren't really interested | ||
152 | |||
153 | 39 | ||
154 | 00:02:49,380 ~-~-> 00:02:53,760 | ||
155 | in trading five minute charts. I operate a lot in intraday | ||
156 | |||
157 | 40 | ||
158 | 00:02:53,760 ~-~-> 00:02:56,850 | ||
159 | charts. Because again, if you're new to my channel, if it's | ||
160 | |||
161 | 41 | ||
162 | 00:02:56,880 ~-~-> 00:03:00,000 | ||
163 | one of the newest videos that you've watched, and you really | ||
164 | |||
165 | 42 | ||
166 | 00:03:00,000 ~-~-> 00:03:03,810 | ||
167 | spent any time with my content, I'm a firm believer that | ||
168 | |||
169 | 43 | ||
170 | 00:03:03,840 ~-~-> 00:03:08,520 | ||
171 | short term trading, or day trading, at least for my personal | ||
172 | |||
173 | 44 | ||
174 | 00:03:09,720 ~-~-> 00:03:13,650 | ||
175 | psyche, and personality, it fits with me because I make very | ||
176 | |||
177 | 45 | ||
178 | 00:03:13,650 ~-~-> 00:03:18,870 | ||
179 | quick, snappy decisions. They're not always right. But | ||
180 | |||
181 | 46 | ||
182 | 00:03:18,870 ~-~-> 00:03:22,080 | ||
183 | that's my personality. So it's important for you to align | ||
184 | |||
185 | 47 | ||
186 | 00:03:22,080 ~-~-> 00:03:26,250 | ||
187 | yourself with some school of thought, with the methodology | ||
188 | |||
189 | 48 | ||
190 | 00:03:26,250 ~-~-> 00:03:29,910 | ||
191 | that you're trading with. And also, what timeframe you're | ||
192 | |||
193 | 49 | ||
194 | 00:03:29,910 ~-~-> 00:03:31,650 | ||
195 | going to trade because it's really important. If you start | ||
196 | |||
197 | 50 | ||
198 | 00:03:31,650 ~-~-> 00:03:34,620 | ||
199 | moving back and forth, I'm going to be a five minute trader, | ||
200 | |||
201 | 51 | ||
202 | 00:03:34,620 ~-~-> 00:03:37,770 | ||
203 | I'm going to be a four hour trader, I'm going to be a daily | ||
204 | |||
205 | 52 | ||
206 | 00:03:37,770 ~-~-> 00:03:42,180 | ||
207 | trader, you know, you need to pick one timeframe. And if you | ||
208 | |||
209 | 53 | ||
210 | 00:03:42,180 ~-~-> 00:03:45,660 | ||
211 | do that, I promise you, you're going to grow in leaps and | ||
212 | |||
213 | 54 | ||
214 | 00:03:45,660 ~-~-> 00:03:50,670 | ||
215 | bounds because you will understand price more fluidly. | ||
216 | |||
217 | 55 | ||
218 | 00:03:50,940 ~-~-> 00:03:54,150 | ||
219 | Because you're staying on one timeframe, you're not going to | ||
220 | |||
221 | 56 | ||
222 | 00:03:54,150 ~-~-> 00:03:58,500 | ||
223 | understand the ebbs and flow of delivery, unless you stay | ||
224 | |||
225 | 57 | ||
226 | 00:03:58,500 ~-~-> 00:04:02,160 | ||
227 | and study on one particular timeframe. Now, why five minutes | ||
228 | |||
229 | 58 | ||
230 | 00:04:02,160 ~-~-> 00:04:04,950 | ||
231 | for me five minutes, I can get a lot of setups. every single | ||
232 | |||
233 | 59 | ||
234 | 00:04:04,950 ~-~-> 00:04:08,340 | ||
235 | week, I can trade every single day, using a five minute | ||
236 | |||
237 | 60 | ||
238 | 00:04:08,340 ~-~-> 00:04:13,890 | ||
239 | chart. If I'm aiming for 15 to 20 pips a day, easy, if I'm | ||
240 | |||
241 | 61 | ||
242 | 00:04:13,890 ~-~-> 00:04:18,270 | ||
243 | looking for a 50 to 75 PIP week trade, I'm going to frame it | ||
244 | |||
245 | 62 | ||
246 | 00:04:18,300 ~-~-> 00:04:23,730 | ||
247 | on an hourly basis like I'm going to show you today. But the | ||
248 | |||
249 | 63 | ||
250 | 00:04:23,730 ~-~-> 00:04:28,350 | ||
251 | belief in trading intraday or day trading, and how I believe | ||
252 | |||
253 | 64 | ||
254 | 00:04:28,350 ~-~-> 00:04:33,180 | ||
255 | that's superior to even short term trading or swing trading | ||
256 | |||
257 | 65 | ||
258 | 00:04:33,180 ~-~-> 00:04:37,380 | ||
259 | or position trading is because the outline that you're using | ||
260 | |||
261 | 66 | ||
262 | 00:04:37,380 ~-~-> 00:04:41,130 | ||
263 | for those types of trades, they're larger in magnitude. And | ||
264 | |||
265 | 67 | ||
266 | 00:04:41,130 ~-~-> 00:04:45,450 | ||
267 | it takes a lot more time. So if I can take my account and | ||
268 | |||
269 | 68 | ||
270 | 00:04:45,450 ~-~-> 00:04:50,700 | ||
271 | flip it multiple times in a shorter span of time because of | ||
272 | |||
273 | 69 | ||
274 | 00:04:50,850 ~-~-> 00:04:54,180 | ||
275 | the frequency of trade. Now, some of you already are | ||
276 | |||
277 | 70 | ||
278 | 00:04:54,180 ~-~-> 00:04:56,460 | ||
279 | probably thinking well, the more you trade, the more you're | ||
280 | |||
281 | 71 | ||
282 | 00:04:56,460 ~-~-> 00:04:57,060 | ||
283 | going to lose. | ||
284 | |||
285 | 72 | ||
286 | 00:04:58,140 ~-~-> 00:05:00,180 | ||
287 | If you don't know what you're doing. I agree with I | ||
288 | |||
289 | 73 | ||
290 | 00:05:00,570 ~-~-> 00:05:04,380 | ||
291 | absolutely wholeheartedly, I believe that. But if you have | ||
292 | |||
293 | 74 | ||
294 | 00:05:04,410 ~-~-> 00:05:08,280 | ||
295 | an understanding how price is delivered, then you're more | ||
296 | |||
297 | 75 | ||
298 | 00:05:08,280 ~-~-> 00:05:12,510 | ||
299 | likely to be trading in sync with the algorithm that books | ||
300 | |||
301 | 76 | ||
302 | 00:05:12,510 ~-~-> 00:05:17,070 | ||
303 | price. And we're not trying to beat the market, all I'm | ||
304 | |||
305 | 77 | ||
306 | 00:05:17,070 ~-~-> 00:05:20,610 | ||
307 | trying to do is get in alignment with it, and write it to | ||
308 | |||
309 | 78 | ||
310 | 00:05:20,610 ~-~-> 00:05:26,340 | ||
311 | where I believe it will go to. And while I'm not 100%, up in | ||
312 | |||
313 | 79 | ||
314 | 00:05:26,340 ~-~-> 00:05:32,910 | ||
315 | the 90s, so if that sounds impossible, all I'm doing is | ||
316 | |||
317 | 80 | ||
318 | 00:05:32,910 ~-~-> 00:05:35,310 | ||
319 | providing evidence of that. Okay, so all you have to do is | ||
320 | |||
321 | 81 | ||
322 | 00:05:35,310 ~-~-> 00:05:38,010 | ||
323 | look at my examples here. This is not the last one you're | ||
324 | |||
325 | 82 | ||
326 | 00:05:38,010 ~-~-> 00:05:40,410 | ||
327 | going to see, I'll show more as we go towards the end of the | ||
328 | |||
329 | 83 | ||
330 | 00:05:40,410 ~-~-> 00:05:43,830 | ||
331 | year. I don't know how I'm going to be doing it next year. | ||
332 | |||
333 | 84 | ||
334 | 00:05:43,980 ~-~-> 00:05:47,190 | ||
335 | But just know that towards the end of the year, I'll be | ||
336 | |||
337 | 85 | ||
338 | 00:05:47,310 ~-~-> 00:05:50,160 | ||
339 | providing you weekly examples of what it looks like and how | ||
340 | |||
341 | 86 | ||
342 | 00:05:50,400 ~-~-> 00:05:53,970 | ||
343 | precise it can be. And if I mess up, I will gladly share | ||
344 | |||
345 | 87 | ||
346 | 00:05:53,970 ~-~-> 00:05:58,470 | ||
347 | that with you too. So but five minute charts setups, I can | ||
348 | |||
349 | 88 | ||
350 | 00:05:58,470 ~-~-> 00:06:05,190 | ||
351 | get anywhere between 10 to 30 setups a week. Now, in those | ||
352 | |||
353 | 89 | ||
354 | 00:06:05,190 ~-~-> 00:06:13,980 | ||
355 | instances, if I'm taking anywhere between four to 18%. Each | ||
356 | |||
357 | 90 | ||
358 | 00:06:13,980 ~-~-> 00:06:19,170 | ||
359 | setup, dependent on how I have it geared nothing keeps up | ||
360 | |||
361 | 91 | ||
362 | 00:06:19,170 ~-~-> 00:06:22,530 | ||
363 | with that that's velocity, okay. So if you're looking for | ||
364 | |||
365 | 92 | ||
366 | 00:06:22,530 ~-~-> 00:06:28,800 | ||
367 | these trades that are 10 are 20, or 100, are you that starts | ||
368 | |||
369 | 93 | ||
370 | 00:06:28,800 ~-~-> 00:06:31,650 | ||
371 | with whatever the gearing is that you set to trade up with. | ||
372 | |||
373 | 94 | ||
374 | 00:06:31,710 ~-~-> 00:06:35,340 | ||
375 | But then you have to submit to all that time for waiting for | ||
376 | |||
377 | 95 | ||
378 | 00:06:35,340 ~-~-> 00:06:39,390 | ||
379 | these daily candles to form these four hour candles to form | ||
380 | |||
381 | 96 | ||
382 | 00:06:39,390 ~-~-> 00:06:42,990 | ||
383 | these hourly candles to form in and out of there multiple | ||
384 | |||
385 | 97 | ||
386 | 00:06:42,990 ~-~-> 00:06:47,160 | ||
387 | times, like I'm in there with a tommy gun. So while everyone | ||
388 | |||
389 | 98 | ||
390 | 00:06:47,160 ~-~-> 00:06:51,540 | ||
391 | else is trying to get these long, hold and and wait for | ||
392 | |||
393 | 99 | ||
394 | 00:06:51,540 ~-~-> 00:06:55,440 | ||
395 | these big are multiples, I'm rotating my account over and | ||
396 | |||
397 | 100 | ||
398 | 00:06:55,440 ~-~-> 00:06:58,380 | ||
399 | over and over and over again in multiple accounts. And that | ||
400 | |||
401 | 101 | ||
402 | 00:06:58,380 ~-~-> 00:07:04,350 | ||
403 | velocity smokes. Any other risk management model there is. | ||
404 | |||
405 | 102 | ||
406 | 00:07:04,830 ~-~-> 00:07:10,680 | ||
407 | In fact, that's how Larry Williams won the World Cup contest | ||
408 | |||
409 | 103 | ||
410 | 00:07:10,710 ~-~-> 00:07:14,370 | ||
411 | in 1987. It was mostly with day trades and short term | ||
412 | |||
413 | 104 | ||
414 | 00:07:14,370 ~-~-> 00:07:18,960 | ||
415 | trades. And you're not going to get the maximum benefit of | ||
416 | |||
417 | 105 | ||
418 | 00:07:19,470 ~-~-> 00:07:23,880 | ||
419 | Kelly criterion and optimal F, which is one of the things I | ||
420 | |||
421 | 106 | ||
422 | 00:07:23,880 ~-~-> 00:07:28,350 | ||
423 | like to use and that showcasing it yet on YouTube. But I use | ||
424 | |||
425 | 107 | ||
426 | 00:07:28,350 ~-~-> 00:07:32,610 | ||
427 | that. And I'm showing you examples of how I teach my | ||
428 | |||
429 | 108 | ||
430 | 00:07:32,610 ~-~-> 00:07:35,400 | ||
431 | students how to take partial profits, because you're going | ||
432 | |||
433 | 109 | ||
434 | 00:07:35,400 ~-~-> 00:07:39,900 | ||
435 | to learn to trust the setups because I could have easily got | ||
436 | |||
437 | 110 | ||
438 | 00:07:39,900 ~-~-> 00:07:43,350 | ||
439 | in that too high, and wrote it down to the low to the London | ||
440 | |||
441 | 111 | ||
442 | 00:07:43,350 ~-~-> 00:07:46,050 | ||
443 | clothes low at 11 o'clock in the morning, Eastern Standard | ||
444 | |||
445 | 112 | ||
446 | 00:07:46,050 ~-~-> 00:07:50,010 | ||
447 | Time. And that would have been Okay, great. But that's not | ||
448 | |||
449 | 113 | ||
450 | 00:07:50,010 ~-~-> 00:07:54,570 | ||
451 | how I teach it, you graduate to that. And I don't know where | ||
452 | |||
453 | 114 | ||
454 | 00:07:54,570 ~-~-> 00:07:58,830 | ||
455 | my students are going to be at what leg of their development | ||
456 | |||
457 | 115 | ||
458 | 00:08:00,420 ~-~-> 00:08:03,330 | ||
459 | before they can see that type of setup and trust it. So the | ||
460 | |||
461 | 116 | ||
462 | 00:08:03,330 ~-~-> 00:08:06,810 | ||
463 | way you learn to trust it is to take partial profits along | ||
464 | |||
465 | 117 | ||
466 | 00:08:06,810 ~-~-> 00:08:10,020 | ||
467 | the way, it's so much easier to hold on to a trade | ||
468 | |||
469 | 118 | ||
470 | 00:08:10,620 ~-~-> 00:08:15,120 | ||
471 | psychologically and emotionally. And you wrestle with fear | ||
472 | |||
473 | 119 | ||
474 | 00:08:15,120 ~-~-> 00:08:18,570 | ||
475 | and greed until you do. And once you take a partial profit. | ||
476 | |||
477 | 120 | ||
478 | 00:08:19,140 ~-~-> 00:08:22,650 | ||
479 | Number one, it manages the risk and reduces it. Okay. And | ||
480 | |||
481 | 121 | ||
482 | 00:08:22,650 ~-~-> 00:08:25,230 | ||
483 | the concept applied to this by taking partials is | ||
484 | |||
485 | 122 | ||
486 | 00:08:25,230 ~-~-> 00:08:28,590 | ||
487 | diminishing risk. Okay, so if you have a notebook, you want | ||
488 | |||
489 | 123 | ||
490 | 00:08:28,590 ~-~-> 00:08:34,230 | ||
491 | to put that in there. So many educators, so many would be | ||
492 | |||
493 | 124 | ||
494 | 00:08:34,980 ~-~-> 00:08:40,020 | ||
495 | professionals, Okay, tell you, you should not take partials | ||
496 | |||
497 | 125 | ||
498 | 00:08:40,710 ~-~-> 00:08:44,730 | ||
499 | because you start with a certain number of risk or | ||
500 | |||
501 | 126 | ||
502 | 00:08:44,730 ~-~-> 00:08:47,820 | ||
503 | percentage of risk when your equity. And then if you start | ||
504 | |||
505 | 127 | ||
506 | 00:08:47,820 ~-~-> 00:08:53,040 | ||
507 | taking profits early, then their argument is mathematics is | ||
508 | |||
509 | 128 | ||
510 | 00:08:53,070 ~-~-> 00:08:55,800 | ||
511 | going to eventually overtake it and say, Okay, if you | ||
512 | |||
513 | 129 | ||
514 | 00:08:55,800 ~-~-> 00:09:00,180 | ||
515 | started with risking 2%, and you take profits at one and a | ||
516 | |||
517 | 130 | ||
518 | 00:09:00,180 ~-~-> 00:09:06,270 | ||
519 | half, or 1.75%, and you are aiming for 4% or 6%. That's | ||
520 | |||
521 | 131 | ||
522 | 00:09:06,300 ~-~-> 00:09:10,170 | ||
523 | stupid in their eyes, because they say that you should hold | ||
524 | |||
525 | 132 | ||
526 | 00:09:10,170 ~-~-> 00:09:13,260 | ||
527 | for your targets. Well, these are my targets. These are my | ||
528 | |||
529 | 133 | ||
530 | 00:09:13,260 ~-~-> 00:09:16,890 | ||
531 | students targets. We're not in here to be at the high at the | ||
532 | |||
533 | 134 | ||
534 | 00:09:16,890 ~-~-> 00:09:19,500 | ||
535 | low and get a trophy for that because we're on social media. | ||
536 | |||
537 | 135 | ||
538 | 00:09:20,520 ~-~-> 00:09:26,430 | ||
539 | We engage the marketplace for profiting not trophies. Okay. | ||
540 | |||
541 | 136 | ||
542 | 00:09:26,730 ~-~-> 00:09:29,820 | ||
543 | The only way you make your bottom line go up in this | ||
544 | |||
545 | 137 | ||
546 | 00:09:29,820 ~-~-> 00:09:35,340 | ||
547 | business is to take profits. Why do these people that teach | ||
548 | |||
549 | 138 | ||
550 | 00:09:35,340 ~-~-> 00:09:40,440 | ||
551 | this view, argue this point? How are you going to argue with | ||
552 | |||
553 | 139 | ||
554 | 00:09:40,440 ~-~-> 00:09:42,660 | ||
555 | someone that's building their bottom line or you're going to | ||
556 | |||
557 | 140 | ||
558 | 00:09:42,660 ~-~-> 00:09:46,020 | ||
559 | tell them they're doing it wrong? And I've always challenged | ||
560 | |||
561 | 141 | ||
562 | 00:09:46,020 ~-~-> 00:09:48,600 | ||
563 | these people that have been online that said, you know, it's | ||
564 | |||
565 | 142 | ||
566 | 00:09:48,600 ~-~-> 00:09:52,080 | ||
567 | stupid to take partials, okay, show me 30 days trading and | ||
568 | |||
569 | 143 | ||
570 | 00:09:52,080 ~-~-> 00:09:55,950 | ||
571 | I'll show you 30 days trading from day one starting today or | ||
572 | |||
573 | 144 | ||
574 | 00:09:55,950 ~-~-> 00:09:56,940 | ||
575 | tomorrow or next week. | ||
576 | |||
577 | 145 | ||
578 | 00:09:57,210 ~-~-> 00:10:00,930 | ||
579 | And I will smoke any return. If you're Trying to do that low | ||
580 | |||
581 | 146 | ||
582 | 00:10:00,930 ~-~-> 00:10:04,800 | ||
583 | multiple hold stuff. And it's not bragging. It's just math | ||
584 | |||
585 | 147 | ||
586 | 00:10:04,800 ~-~-> 00:10:08,430 | ||
587 | folks. It's all it is. It's math, these patterns, they | ||
588 | |||
589 | 148 | ||
590 | 00:10:08,430 ~-~-> 00:10:12,870 | ||
591 | repeat every single day, every single day. Now, if you don't | ||
592 | |||
593 | 149 | ||
594 | 00:10:12,870 ~-~-> 00:10:16,920 | ||
595 | have the eye and the experience to work within the pattern | ||
596 | |||
597 | 150 | ||
598 | 00:10:17,250 ~-~-> 00:10:21,060 | ||
599 | and trust it, then obviously Yes, you're not going to agree | ||
600 | |||
601 | 151 | ||
602 | 00:10:21,060 ~-~-> 00:10:24,780 | ||
603 | with what I'm saying. It's going to sound like hindsight, | ||
604 | |||
605 | 152 | ||
606 | 00:10:25,440 ~-~-> 00:10:30,000 | ||
607 | you know, just nonsense talk. But I'm giving you examples. | ||
608 | |||
609 | 153 | ||
610 | 00:10:30,060 ~-~-> 00:10:34,080 | ||
611 | I'm watching the market, I'm setting up my setups, and I'm | ||
612 | |||
613 | 154 | ||
614 | 00:10:34,080 ~-~-> 00:10:37,500 | ||
615 | executing, recording the entire thing. And I'm managing it. | ||
616 | |||
617 | 155 | ||
618 | 00:10:38,100 ~-~-> 00:10:42,540 | ||
619 | So I don't have to prove anything, you have to prove what | ||
620 | |||
621 | 156 | ||
622 | 00:10:42,540 ~-~-> 00:10:45,690 | ||
623 | I'm doing is stupid. It's nonsense, because it's working. | ||
624 | |||
625 | 157 | ||
626 | 00:10:46,290 ~-~-> 00:10:50,280 | ||
627 | And it works really well. So if you're on the fence about | ||
628 | |||
629 | 158 | ||
630 | 00:10:50,280 ~-~-> 00:10:54,030 | ||
631 | that, just for your own sake, because nothing's going to | ||
632 | |||
633 | 159 | ||
634 | 00:10:54,030 ~-~-> 00:10:56,310 | ||
635 | change my mind about this, you're not going to change my | ||
636 | |||
637 | 160 | ||
638 | 00:10:56,310 ~-~-> 00:11:02,190 | ||
639 | students minds about this. You take 30 days, and dig into | ||
640 | |||
641 | 161 | ||
642 | 00:11:02,190 ~-~-> 00:11:04,920 | ||
643 | the things I'm teaching on this YouTube channel, dig into | ||
644 | |||
645 | 162 | ||
646 | 00:11:04,920 ~-~-> 00:11:12,360 | ||
647 | it, and test it. Because if it fails, then clearly, this is | ||
648 | |||
649 | 163 | ||
650 | 00:11:12,360 ~-~-> 00:11:17,730 | ||
651 | all luck. But I would counsel you to make a real sober | ||
652 | |||
653 | 164 | ||
654 | 00:11:17,730 ~-~-> 00:11:20,520 | ||
655 | attempt to go through it. Don't just watch a video and think | ||
656 | |||
657 | 165 | ||
658 | 00:11:20,520 ~-~-> 00:11:22,410 | ||
659 | you understand it, you're gonna have to spend at least a | ||
660 | |||
661 | 166 | ||
662 | 00:11:22,410 ~-~-> 00:11:28,590 | ||
663 | minimum of 30 days. If you do, I promise you, your eyes is | ||
664 | |||
665 | 167 | ||
666 | 00:11:28,590 ~-~-> 00:11:31,530 | ||
667 | going to open like, wow, this is exactly what's going on. | ||
668 | |||
669 | 168 | ||
670 | 00:11:31,860 ~-~-> 00:11:33,780 | ||
671 | And you're not going to get it right every day. And but | ||
672 | |||
673 | 169 | ||
674 | 00:11:33,780 ~-~-> 00:11:36,270 | ||
675 | you'll be able to see it after it happens. And that's the | ||
676 | |||
677 | 170 | ||
678 | 00:11:36,270 ~-~-> 00:11:40,830 | ||
679 | first stage of development. So when I was on baby pips back | ||
680 | |||
681 | 171 | ||
682 | 00:11:40,830 ~-~-> 00:11:45,540 | ||
683 | in 2010, I started with this school of thought, I wanted to | ||
684 | |||
685 | 172 | ||
686 | 00:11:45,540 ~-~-> 00:11:48,390 | ||
687 | teach people by pattern recognition, seeing something over | ||
688 | |||
689 | 173 | ||
690 | 00:11:48,390 ~-~-> 00:11:51,660 | ||
691 | and over and over again, optimal trade entry. And so many | ||
692 | |||
693 | 174 | ||
694 | 00:11:51,720 ~-~-> 00:11:55,050 | ||
695 | individuals like everything else on social media, it's like, | ||
696 | |||
697 | 175 | ||
698 | 00:11:55,050 ~-~-> 00:11:57,930 | ||
699 | give it to me right now, I don't have time. Yeah, and you | ||
700 | |||
701 | 176 | ||
702 | 00:11:57,930 ~-~-> 00:12:02,010 | ||
703 | owe it to me, because I'm giving you my 10 minutes. I don't | ||
704 | |||
705 | 177 | ||
706 | 00:12:02,010 ~-~-> 00:12:05,070 | ||
707 | owe you anything. Okay, I'm gonna do this, regardless if | ||
708 | |||
709 | 178 | ||
710 | 00:12:05,070 ~-~-> 00:12:08,160 | ||
711 | you'd like me or not, because I enjoy doing it. But you're | ||
712 | |||
713 | 179 | ||
714 | 00:12:08,160 ~-~-> 00:12:11,400 | ||
715 | not going to get what it is you're trying to receive by | ||
716 | |||
717 | 180 | ||
718 | 00:12:11,400 ~-~-> 00:12:14,250 | ||
719 | rushing it, or assuming you think you know how you should be | ||
720 | |||
721 | 181 | ||
722 | 00:12:14,250 ~-~-> 00:12:16,410 | ||
723 | trained. Because if you think you know how you should be | ||
724 | |||
725 | 182 | ||
726 | 00:12:16,410 ~-~-> 00:12:19,890 | ||
727 | trained, then you have all the answers. And you don't need | ||
728 | |||
729 | 183 | ||
730 | 00:12:19,890 ~-~-> 00:12:22,920 | ||
731 | me. In fact, you don't need any mentor, keep doing what | ||
732 | |||
733 | 184 | ||
734 | 00:12:22,920 ~-~-> 00:12:25,230 | ||
735 | you're doing, because you're making so much money, right? | ||
736 | |||
737 | 185 | ||
738 | 00:12:26,190 ~-~-> 00:12:29,700 | ||
739 | See the argument there? You have a problem. And the problem | ||
740 | |||
741 | 186 | ||
742 | 00:12:29,700 ~-~-> 00:12:35,400 | ||
743 | is very easily corrected. If you just submit to the idea of | ||
744 | |||
745 | 187 | ||
746 | 00:12:35,430 ~-~-> 00:12:38,580 | ||
747 | looking into the things I'm teaching here. It literally | ||
748 | |||
749 | 188 | ||
750 | 00:12:38,580 ~-~-> 00:12:42,000 | ||
751 | costs you nothing but your time. And early on people. Oh, | ||
752 | |||
753 | 189 | ||
754 | 00:12:42,000 ~-~-> 00:12:46,410 | ||
755 | yeah, time is expensive. Listen, folks, you're not going to | ||
756 | |||
757 | 190 | ||
758 | 00:12:46,410 ~-~-> 00:12:49,110 | ||
759 | find this stuff on other YouTube channels, they're not going | ||
760 | |||
761 | 191 | ||
762 | 00:12:49,110 ~-~-> 00:12:51,090 | ||
763 | to execute, they're not going to show you trades, they're | ||
764 | |||
765 | 192 | ||
766 | 00:12:51,090 ~-~-> 00:12:53,220 | ||
767 | not going to manage this position, they're only going to | ||
768 | |||
769 | 193 | ||
770 | 00:12:53,220 ~-~-> 00:12:57,090 | ||
771 | show you an empty four screenshot of something. They did not | ||
772 | |||
773 | 194 | ||
774 | 00:12:57,090 ~-~-> 00:13:01,050 | ||
775 | trade with a Live account. They did not do anything that | ||
776 | |||
777 | 195 | ||
778 | 00:13:01,050 ~-~-> 00:13:03,930 | ||
779 | makes any sense at all. You're just showing you something | ||
780 | |||
781 | 196 | ||
782 | 00:13:04,200 ~-~-> 00:13:06,510 | ||
783 | that maybe panned out over four weeks, because it finally | ||
784 | |||
785 | 197 | ||
786 | 00:13:06,510 ~-~-> 00:13:12,510 | ||
787 | made some profit. Think about it. Why aren't there more of | ||
788 | |||
789 | 198 | ||
790 | 00:13:12,510 ~-~-> 00:13:15,150 | ||
791 | these things going on? on YouTube? You don't see it? There's | ||
792 | |||
793 | 199 | ||
794 | 00:13:15,150 ~-~-> 00:13:19,920 | ||
795 | a lot of people with lots of subscribers, saying, Yeah, I'm | ||
796 | |||
797 | 200 | ||
798 | 00:13:19,920 ~-~-> 00:13:22,200 | ||
799 | thinking about going out on YouTube and and show my | ||
800 | |||
801 | 201 | ||
802 | 00:13:22,200 ~-~-> 00:13:26,100 | ||
803 | executions. And they don't do it. They're not there. They're | ||
804 | |||
805 | 202 | ||
806 | 00:13:26,100 ~-~-> 00:13:30,750 | ||
807 | not doing it. They'll talk a good game. And everybody's | ||
808 | |||
809 | 203 | ||
810 | 00:13:30,750 ~-~-> 00:13:34,500 | ||
811 | asked for this for so long. And now that I'm doing it, you | ||
812 | |||
813 | 204 | ||
814 | 00:13:34,500 ~-~-> 00:13:42,870 | ||
815 | still you still arguing wrestle and doubt why why you could | ||
816 | |||
817 | 205 | ||
818 | 00:13:42,870 ~-~-> 00:13:48,330 | ||
819 | be so much more profitable. You could be much more relaxed | ||
820 | |||
821 | 206 | ||
822 | 00:13:48,330 ~-~-> 00:13:50,670 | ||
823 | about the marketplace, you're not going to be so keyed up. | ||
824 | |||
825 | 207 | ||
826 | 00:13:50,940 ~-~-> 00:13:52,440 | ||
827 | And you're not going to be worrying about giving your | ||
828 | |||
829 | 208 | ||
830 | 00:13:52,440 ~-~-> 00:13:55,680 | ||
831 | opinion everybody through their YouTube video comments, or | ||
832 | |||
833 | 209 | ||
834 | 00:13:55,680 ~-~-> 00:13:59,790 | ||
835 | thumbs down. Because none of that stuff works when people | ||
836 | |||
837 | 210 | ||
838 | 00:13:59,790 ~-~-> 00:14:03,600 | ||
839 | can really do this. Like i'm amused by that. And my students | ||
840 | |||
841 | 211 | ||
842 | 00:14:03,600 ~-~-> 00:14:06,810 | ||
843 | are amused by it, because the folks that are on the outside, | ||
844 | |||
845 | 212 | ||
846 | 00:14:07,440 ~-~-> 00:14:10,080 | ||
847 | okay, or the folks that have not really spent any time in | ||
848 | |||
849 | 213 | ||
850 | 00:14:10,080 ~-~-> 00:14:15,030 | ||
851 | the lessons that I show on this YouTube channel. They come | ||
852 | |||
853 | 214 | ||
854 | 00:14:15,030 ~-~-> 00:14:17,640 | ||
855 | in with a preconceived notion that this is the way the | ||
856 | |||
857 | 215 | ||
858 | 00:14:17,640 ~-~-> 00:14:21,540 | ||
859 | market works. It's a buying sell. It's overbought, oversold, | ||
860 | |||
861 | 216 | ||
862 | 00:14:22,080 ~-~-> 00:14:26,220 | ||
863 | it's a supply and demand. It's a harmonic pattern. It's a | ||
864 | |||
865 | 217 | ||
866 | 00:14:26,220 ~-~-> 00:14:33,480 | ||
867 | footprint. No, it's not. It's rigged. It's simple as that. | ||
868 | |||
869 | 218 | ||
870 | 00:14:33,780 ~-~-> 00:14:36,480 | ||
871 | It's just so much easier. If you just submit to the idea | ||
872 | |||
873 | 219 | ||
874 | 00:14:36,480 ~-~-> 00:14:41,430 | ||
875 | that you have no chance with longevity, and consistency. | ||
876 | |||
877 | 220 | ||
878 | 00:14:41,760 ~-~-> 00:14:44,820 | ||
879 | Following retail logic. You're going to have so many more | ||
880 | |||
881 | 221 | ||
882 | 00:14:44,820 ~-~-> 00:14:49,020 | ||
883 | losing trades than you need to know. Are there profitable | ||
884 | |||
885 | 222 | ||
886 | 00:14:49,020 ~-~-> 00:14:50,520 | ||
887 | retail traders? Yes. | ||
888 | |||
889 | 223 | ||
890 | 00:14:51,450 ~-~-> 00:14:55,320 | ||
891 | Absolutely. I'm not arguing that. All I'm suggesting to you | ||
892 | |||
893 | 224 | ||
894 | 00:14:55,320 ~-~-> 00:15:01,830 | ||
895 | is how much better could you make it Well, using what you're | ||
896 | |||
897 | 225 | ||
898 | 00:15:01,830 ~-~-> 00:15:05,580 | ||
899 | using, if it's all retail logic, you're as good as it's | ||
900 | |||
901 | 226 | ||
902 | 00:15:05,580 ~-~-> 00:15:12,630 | ||
903 | going to get. Now, your entry patterns, your stock | ||
904 | |||
905 | 227 | ||
906 | 00:15:12,630 ~-~-> 00:15:16,080 | ||
907 | placement, your targeting, their logic for getting in a | ||
908 | |||
909 | 228 | ||
910 | 00:15:16,080 ~-~-> 00:15:21,330 | ||
911 | trade. All those things are hinged on some idea that's | ||
912 | |||
913 | 229 | ||
914 | 00:15:21,360 ~-~-> 00:15:26,070 | ||
915 | archaic. And I'm telling you that the markets do not care | ||
916 | |||
917 | 230 | ||
918 | 00:15:26,100 ~-~-> 00:15:28,950 | ||
919 | about that logic. They don't care about white golf, they | ||
920 | |||
921 | 231 | ||
922 | 00:15:28,950 ~-~-> 00:15:32,250 | ||
923 | don't care about supply and demand. It's that stuff is | ||
924 | |||
925 | 232 | ||
926 | 00:15:32,250 ~-~-> 00:15:38,160 | ||
927 | nonsense. It's absolute nonsense. The markets are pre | ||
928 | |||
929 | 233 | ||
930 | 00:15:38,430 ~-~-> 00:15:42,390 | ||
931 | determined to make the high and the low of the day. Simple | ||
932 | |||
933 | 234 | ||
934 | 00:15:42,390 ~-~-> 00:15:48,060 | ||
935 | as that. When you watch my limit order, get filled on this | ||
936 | |||
937 | 235 | ||
938 | 00:15:48,060 ~-~-> 00:15:54,270 | ||
939 | trade. I was only three pips away from the low factoring | ||
940 | |||
941 | 236 | ||
942 | 00:15:54,270 ~-~-> 00:15:58,680 | ||
943 | spread. I mean, you've seen what it was like earlier in the | ||
944 | |||
945 | 237 | ||
946 | 00:15:58,680 ~-~-> 00:16:03,900 | ||
947 | week when I tried to get exactly to the PIP. And sometimes | ||
948 | |||
949 | 238 | ||
950 | 00:16:03,900 ~-~-> 00:16:09,090 | ||
951 | my limit orders won't fill. So while I can call those | ||
952 | |||
953 | 239 | ||
954 | 00:16:09,090 ~-~-> 00:16:12,960 | ||
955 | levels, the spreads sometimes won't let me do that. So I | ||
956 | |||
957 | 240 | ||
958 | 00:16:12,960 ~-~-> 00:16:17,400 | ||
959 | build in five pips on both sides of the trade. And I'm okay | ||
960 | |||
961 | 241 | ||
962 | 00:16:17,400 ~-~-> 00:16:21,750 | ||
963 | with that. My ego and my pride, which I still wrestle with, | ||
964 | |||
965 | 242 | ||
966 | 00:16:21,750 ~-~-> 00:16:26,130 | ||
967 | because then in the 90s, it just made me believe I was way | ||
968 | |||
969 | 243 | ||
970 | 00:16:26,130 ~-~-> 00:16:29,460 | ||
971 | better before I really was. And I still wrestle with that | ||
972 | |||
973 | 244 | ||
974 | 00:16:29,460 ~-~-> 00:16:33,780 | ||
975 | now, because I have skills that are evidence, clearly, I can | ||
976 | |||
977 | 245 | ||
978 | 00:16:33,780 ~-~-> 00:16:37,050 | ||
979 | see what's going on. So I wrestle with that part, I don't | ||
980 | |||
981 | 246 | ||
982 | 00:16:37,050 ~-~-> 00:16:41,460 | ||
983 | wrestle with fear and greed, I wrestle with perfection. And | ||
984 | |||
985 | 247 | ||
986 | 00:16:41,490 ~-~-> 00:16:45,060 | ||
987 | the way I combat that, personally, is by coaching my | ||
988 | |||
989 | 248 | ||
990 | 00:16:45,060 ~-~-> 00:16:47,880 | ||
991 | students not to aim for that, because you don't want this | ||
992 | |||
993 | 249 | ||
994 | 00:16:47,880 ~-~-> 00:16:53,130 | ||
995 | problem. Okay, it sucks. I can see highs and lows, I can see | ||
996 | |||
997 | 250 | ||
998 | 00:16:53,130 ~-~-> 00:16:59,340 | ||
999 | session highs and lows to the PIP. But you're never always | ||
1000 | |||
1001 | 251 | ||
1002 | 00:16:59,400 ~-~-> 00:17:02,490 | ||
1003 | going to get those executions, where it perfectly gives you | ||
1004 | |||
1005 | 252 | ||
1006 | 00:17:02,490 ~-~-> 00:17:05,670 | ||
1007 | the exit points, both case scenario, you know, the high and | ||
1008 | |||
1009 | 253 | ||
1010 | 00:17:05,670 ~-~-> 00:17:07,560 | ||
1011 | the low, it's just not going to happen, you're not going to | ||
1012 | |||
1013 | 254 | ||
1014 | 00:17:07,560 ~-~-> 00:17:11,190 | ||
1015 | get that there's times And clearly, you can see examples on | ||
1016 | |||
1017 | 255 | ||
1018 | 00:17:11,190 ~-~-> 00:17:13,350 | ||
1019 | this YouTube channel, where you see me doing that intraday, | ||
1020 | |||
1021 | 256 | ||
1022 | 00:17:13,740 ~-~-> 00:17:17,520 | ||
1023 | I'm really, really tight with the ranges. And I'm trading | ||
1024 | |||
1025 | 257 | ||
1026 | 00:17:17,580 ~-~-> 00:17:22,260 | ||
1027 | long and short multiple times in the same day. But I don't | ||
1028 | |||
1029 | 258 | ||
1030 | 00:17:22,260 ~-~-> 00:17:26,550 | ||
1031 | do that every single day, there has to be some measure of | ||
1032 | |||
1033 | 259 | ||
1034 | 00:17:28,950 ~-~-> 00:17:33,570 | ||
1035 | range expansion, market structure and a weekly profile that | ||
1036 | |||
1037 | 260 | ||
1038 | 00:17:33,570 ~-~-> 00:17:37,170 | ||
1039 | I'm operating within that lines up with a daily profile. And | ||
1040 | |||
1041 | 261 | ||
1042 | 00:17:37,170 ~-~-> 00:17:41,610 | ||
1043 | when I say profile, I'm talking about a a roadmap of what | ||
1044 | |||
1045 | 262 | ||
1046 | 00:17:41,880 ~-~-> 00:17:44,340 | ||
1047 | the market should do. For instance, if I'm bearish, it'll | ||
1048 | |||
1049 | 263 | ||
1050 | 00:17:44,340 ~-~-> 00:17:48,000 | ||
1051 | make a high of the day, or high of the day in London. Or if | ||
1052 | |||
1053 | 264 | ||
1054 | 00:17:48,000 ~-~-> 00:17:51,450 | ||
1055 | I anticipate a New York session high the day where it runs | ||
1056 | |||
1057 | 265 | ||
1058 | 00:17:51,450 ~-~-> 00:17:54,630 | ||
1059 | out the London high in New York session, and then washes out | ||
1060 | |||
1061 | 266 | ||
1062 | 00:17:54,660 ~-~-> 00:17:57,450 | ||
1063 | and goes lower and creates the low the day in London close | ||
1064 | |||
1065 | 267 | ||
1066 | 00:17:58,230 ~-~-> 00:18:04,590 | ||
1067 | or late New York session close. Those ideas are not going to | ||
1068 | |||
1069 | 268 | ||
1070 | 00:18:04,590 ~-~-> 00:18:07,830 | ||
1071 | be expressed here on YouTube. Okay, so I know some of you | ||
1072 | |||
1073 | 269 | ||
1074 | 00:18:07,830 ~-~-> 00:18:11,070 | ||
1075 | are gonna fold your hands and start hissing and moaning | ||
1076 | |||
1077 | 270 | ||
1078 | 00:18:11,070 ~-~-> 00:18:17,040 | ||
1079 | about that. But I'm what I'm giving you today is gold. And | ||
1080 | |||
1081 | 271 | ||
1082 | 00:18:17,070 ~-~-> 00:18:21,450 | ||
1083 | if you use it as a foundation, you're going to find that | ||
1084 | |||
1085 | 272 | ||
1086 | 00:18:21,450 ~-~-> 00:18:24,240 | ||
1087 | your understanding about price action is going to grow | ||
1088 | |||
1089 | 273 | ||
1090 | 00:18:24,930 ~-~-> 00:18:32,220 | ||
1091 | exponentially. But it's not always a power three, where it | ||
1092 | |||
1093 | 274 | ||
1094 | 00:18:32,220 ~-~-> 00:18:35,580 | ||
1095 | opens, makes a low day and closes on the high in a bullish | ||
1096 | |||
1097 | 275 | ||
1098 | 00:18:35,580 ~-~-> 00:18:38,100 | ||
1099 | day. It's not always the reverse of that where it opens, | ||
1100 | |||
1101 | 276 | ||
1102 | 00:18:38,100 ~-~-> 00:18:40,380 | ||
1103 | makes the high today and closes on the low of the day when | ||
1104 | |||
1105 | 277 | ||
1106 | 00:18:40,380 ~-~-> 00:18:45,060 | ||
1107 | it's a bearish sell day. Those are just generic market | ||
1108 | |||
1109 | 278 | ||
1110 | 00:18:45,060 ~-~-> 00:18:49,560 | ||
1111 | profiles. But we are not in that we weren't in that today. | ||
1112 | |||
1113 | 279 | ||
1114 | 00:18:49,590 ~-~-> 00:18:52,350 | ||
1115 | Let's say it that way. Because we're in this large | ||
1116 | |||
1117 | 280 | ||
1118 | 00:18:52,350 ~-~-> 00:18:57,420 | ||
1119 | consolidation. And it's Tuesday, and I don't know. And my | ||
1120 | |||
1121 | 281 | ||
1122 | 00:18:57,420 ~-~-> 00:19:00,780 | ||
1123 | students have been told this as well. I don't know with a | ||
1124 | |||
1125 | 282 | ||
1126 | 00:19:00,780 ~-~-> 00:19:04,920 | ||
1127 | great deal of clarity if we're going to run higher or lower. | ||
1128 | |||
1129 | 283 | ||
1130 | 00:19:05,250 ~-~-> 00:19:08,790 | ||
1131 | But for disclosure sake, I have co signed every single time | ||
1132 | |||
1133 | 284 | ||
1134 | 00:19:08,790 ~-~-> 00:19:11,460 | ||
1135 | I sit down with my students, and I tell them what direction | ||
1136 | |||
1137 | 285 | ||
1138 | 00:19:11,490 ~-~-> 00:19:15,150 | ||
1139 | I believe gun to my head, what's gonna happen, and I've been | ||
1140 | |||
1141 | 286 | ||
1142 | 00:19:15,150 ~-~-> 00:19:19,320 | ||
1143 | expecting the dollar to go higher, not extremely higher, but | ||
1144 | |||
1145 | 287 | ||
1146 | 00:19:19,770 ~-~-> 00:19:23,430 | ||
1147 | not lower. Okay, if it goes lower, then I'm wrong. But I | ||
1148 | |||
1149 | 288 | ||
1150 | 00:19:23,430 ~-~-> 00:19:27,480 | ||
1151 | have a filter and I teach what makes me wrong about that | ||
1152 | |||
1153 | 289 | ||
1154 | 00:19:27,480 ~-~-> 00:19:33,900 | ||
1155 | idea. And if I'm right where it should go. So when I looked | ||
1156 | |||
1157 | 290 | ||
1158 | 00:19:33,900 ~-~-> 00:19:34,650 | ||
1159 | at today, | ||
1160 | |||
1161 | 291 | ||
1162 | 00:19:35,550 ~-~-> 00:19:40,530 | ||
1163 | I felt that we were running to an old 60 minute tie. And | ||
1164 | |||
1165 | 292 | ||
1166 | 00:19:40,530 ~-~-> 00:19:44,400 | ||
1167 | I'll show you that in a moment. But for now, just know that | ||
1168 | |||
1169 | 293 | ||
1170 | 00:19:44,400 ~-~-> 00:19:48,120 | ||
1171 | we were trading up to these highs here. That was a run on by | ||
1172 | |||
1173 | 294 | ||
1174 | 00:19:48,120 ~-~-> 00:19:51,420 | ||
1175 | side liquidity. And I'll show it to you where it's at. But | ||
1176 | |||
1177 | 295 | ||
1178 | 00:19:51,420 ~-~-> 00:19:54,270 | ||
1179 | just understand it in London right here at three o'clock in | ||
1180 | |||
1181 | 296 | ||
1182 | 00:19:54,270 ~-~-> 00:19:58,950 | ||
1183 | the morning. We made the low initial low a day for London | ||
1184 | |||
1185 | 297 | ||
1186 | 00:19:58,950 ~-~-> 00:20:03,120 | ||
1187 | and rallied up into New York open, New York open starts at | ||
1188 | |||
1189 | 298 | ||
1190 | 00:20:03,120 ~-~-> 00:20:06,060 | ||
1191 | seven o'clock in the morning, Eastern Standard Time. We made | ||
1192 | |||
1193 | 299 | ||
1194 | 00:20:06,060 ~-~-> 00:20:10,650 | ||
1195 | the high of the day. And then we started the breakdown rate | ||
1196 | |||
1197 | 300 | ||
1198 | 00:20:10,650 ~-~-> 00:20:13,740 | ||
1199 | below this low here, that's a break in market structure. | ||
1200 | |||
1201 | 301 | ||
1202 | 00:20:14,340 ~-~-> 00:20:17,280 | ||
1203 | What does that mean? Well, if the markets been trading up | ||
1204 | |||
1205 | 302 | ||
1206 | 00:20:18,180 ~-~-> 00:20:22,530 | ||
1207 | during London, and it's trading to an old 60 minute high, | ||
1208 | |||
1209 | 303 | ||
1210 | 00:20:22,950 ~-~-> 00:20:26,340 | ||
1211 | and you're in a market environment, let's say it this way, | ||
1212 | |||
1213 | 304 | ||
1214 | 00:20:27,420 ~-~-> 00:20:32,790 | ||
1215 | that is not predisposed to be trending, it just means it's | ||
1216 | |||
1217 | 305 | ||
1218 | 00:20:32,790 ~-~-> 00:20:37,230 | ||
1219 | going to be range bound. So it can go above old highs, just | ||
1220 | |||
1221 | 306 | ||
1222 | 00:20:37,230 ~-~-> 00:20:41,340 | ||
1223 | buy a little bit, and then go back inside the range. Or it | ||
1224 | |||
1225 | 307 | ||
1226 | 00:20:41,340 ~-~-> 00:20:46,890 | ||
1227 | can go down to old lows by a little bit, and then trade back | ||
1228 | |||
1229 | 308 | ||
1230 | 00:20:46,890 ~-~-> 00:20:50,220 | ||
1231 | up into the range. So when we're in market consolidations, | ||
1232 | |||
1233 | 309 | ||
1234 | 00:20:50,640 ~-~-> 00:20:54,900 | ||
1235 | it's crucial that you as a developing student, or if you're | ||
1236 | |||
1237 | 310 | ||
1238 | 00:20:54,900 ~-~-> 00:20:58,530 | ||
1239 | a trader who struggled in these environments, if you even | ||
1240 | |||
1241 | 311 | ||
1242 | 00:20:58,530 ~-~-> 00:21:02,340 | ||
1243 | suspect that the market is likely to stay in consolidation, | ||
1244 | |||
1245 | 312 | ||
1246 | 00:21:02,820 ~-~-> 00:21:05,730 | ||
1247 | then it's better to trade with the idea that, okay, if we | ||
1248 | |||
1249 | 313 | ||
1250 | 00:21:05,730 ~-~-> 00:21:08,430 | ||
1251 | run out of old high and your long take profits, or at least | ||
1252 | |||
1253 | 314 | ||
1254 | 00:21:08,430 ~-~-> 00:21:11,970 | ||
1255 | the majority of your profits there, because it's most likely | ||
1256 | |||
1257 | 315 | ||
1258 | 00:21:12,090 ~-~-> 00:21:13,980 | ||
1259 | going to pull back into the range. Now there's going to be | ||
1260 | |||
1261 | 316 | ||
1262 | 00:21:13,980 ~-~-> 00:21:17,700 | ||
1263 | times where it really takes off and runs and you miss those | ||
1264 | |||
1265 | 317 | ||
1266 | 00:21:17,700 ~-~-> 00:21:21,090 | ||
1267 | moves. That's fine, that don't get frustrated about those | ||
1268 | |||
1269 | 318 | ||
1270 | 00:21:21,090 ~-~-> 00:21:26,130 | ||
1271 | types of events. Because in my my repertoire, we have tools | ||
1272 | |||
1273 | 319 | ||
1274 | 00:21:26,130 ~-~-> 00:21:29,400 | ||
1275 | that will get us in line. With that run, if it's going to | ||
1276 | |||
1277 | 320 | ||
1278 | 00:21:29,400 ~-~-> 00:21:33,240 | ||
1279 | continue, we have no problem missing that initial breakout | ||
1280 | |||
1281 | 321 | ||
1282 | 00:21:33,240 ~-~-> 00:21:36,810 | ||
1283 | of a range, we're not trying to forecast a range breakout, | ||
1284 | |||
1285 | 322 | ||
1286 | 00:21:36,840 ~-~-> 00:21:40,650 | ||
1287 | that's just simply stupid, in my opinion, because the | ||
1288 | |||
1289 | 323 | ||
1290 | 00:21:40,650 ~-~-> 00:21:43,560 | ||
1291 | central bank's going to reprice out of this consolidation | ||
1292 | |||
1293 | 324 | ||
1294 | 00:21:43,560 ~-~-> 00:21:47,580 | ||
1295 | dollar when it's ready to and I and my students or anyone | ||
1296 | |||
1297 | 325 | ||
1298 | 00:21:47,580 ~-~-> 00:21:51,000 | ||
1299 | else are not going to make it happen. Any singer, rush of | ||
1300 | |||
1301 | 326 | ||
1302 | 00:21:51,000 ~-~-> 00:21:53,910 | ||
1303 | buyers and sellers is not going to make it happen. Okay, | ||
1304 | |||
1305 | 327 | ||
1306 | 00:21:53,940 ~-~-> 00:21:57,330 | ||
1307 | that's not how this works. The market is going to be priced | ||
1308 | |||
1309 | 328 | ||
1310 | 00:21:57,570 ~-~-> 00:22:02,370 | ||
1311 | out of that range. Okay. And because of squeezing or | ||
1312 | |||
1313 | 329 | ||
1314 | 00:22:02,370 ~-~-> 00:22:06,540 | ||
1315 | enticement, then traders will catch up and chase that price. | ||
1316 | |||
1317 | 330 | ||
1318 | 00:22:06,840 ~-~-> 00:22:09,480 | ||
1319 | They're not pushing price up with buying pressure, and | ||
1320 | |||
1321 | 331 | ||
1322 | 00:22:09,480 ~-~-> 00:22:11,640 | ||
1323 | they're not pushing price down with selling pressure. | ||
1324 | |||
1325 | 332 | ||
1326 | 00:22:11,820 ~-~-> 00:22:16,200 | ||
1327 | They're chasing price. That's the way it is, folks. You can | ||
1328 | |||
1329 | 333 | ||
1330 | 00:22:16,230 ~-~-> 00:22:19,440 | ||
1331 | arm wrestle me all day long and say it's semantics, but it's | ||
1332 | |||
1333 | 334 | ||
1334 | 00:22:19,440 ~-~-> 00:22:25,530 | ||
1335 | the bottom line. Pressure, okay is put on the traders by the | ||
1336 | |||
1337 | 335 | ||
1338 | 00:22:25,530 ~-~-> 00:22:29,100 | ||
1339 | bank, because they're in control of price period. If they | ||
1340 | |||
1341 | 336 | ||
1342 | 00:22:29,100 ~-~-> 00:22:30,720 | ||
1343 | don't want the price keep going up. It does not matter how | ||
1344 | |||
1345 | 337 | ||
1346 | 00:22:30,720 ~-~-> 00:22:33,570 | ||
1347 | many buyers there are. There start repricing it lower, what | ||
1348 | |||
1349 | 338 | ||
1350 | 00:22:33,570 ~-~-> 00:22:37,590 | ||
1351 | happens? What about the buyers, they're going to get stopped | ||
1352 | |||
1353 | 339 | ||
1354 | 00:22:37,590 ~-~-> 00:22:40,620 | ||
1355 | down. Or they're going to submit and say, Okay, I gotta get | ||
1356 | |||
1357 | 340 | ||
1358 | 00:22:40,620 ~-~-> 00:22:45,060 | ||
1359 | out of here. in reverse when it's going lower. That's the | ||
1360 | |||
1361 | 341 | ||
1362 | 00:22:45,060 ~-~-> 00:22:50,310 | ||
1363 | real, that's the real viewpoint of how these markets work | ||
1364 | |||
1365 | 342 | ||
1366 | 00:22:50,370 ~-~-> 00:22:54,990 | ||
1367 | and book. But if you all start on the same square saying, | ||
1368 | |||
1369 | 343 | ||
1370 | 00:22:55,710 ~-~-> 00:23:02,670 | ||
1371 | buy pressure, demand, makes price go up. Okay? So you're all | ||
1372 | |||
1373 | 344 | ||
1374 | 00:23:02,670 ~-~-> 00:23:07,320 | ||
1375 | using the logic of if TVs are on sale, okay, everyone's | ||
1376 | |||
1377 | 345 | ||
1378 | 00:23:07,320 ~-~-> 00:23:11,550 | ||
1379 | gonna go out to buy those TVs. And eventually, the number of | ||
1380 | |||
1381 | 346 | ||
1382 | 00:23:11,550 ~-~-> 00:23:15,630 | ||
1383 | TVs will dwindle. And then the producer or seller of the TVs | ||
1384 | |||
1385 | 347 | ||
1386 | 00:23:15,900 ~-~-> 00:23:17,970 | ||
1387 | can start marking up that price because they know the | ||
1388 | |||
1389 | 348 | ||
1390 | 00:23:17,970 ~-~-> 00:23:21,270 | ||
1391 | demands high and they can make that price go higher. That's | ||
1392 | |||
1393 | 349 | ||
1394 | 00:23:21,300 ~-~-> 00:23:25,050 | ||
1395 | not what the central banks do. That's not what happens. | ||
1396 | |||
1397 | 350 | ||
1398 | 00:23:25,170 ~-~-> 00:23:30,030 | ||
1399 | They're not submitting to the buying and selling effects of | ||
1400 | |||
1401 | 351 | ||
1402 | 00:23:30,030 ~-~-> 00:23:33,390 | ||
1403 | speculators for their country's currency. That's not how | ||
1404 | |||
1405 | 352 | ||
1406 | 00:23:34,110 ~-~-> 00:23:38,190 | ||
1407 | this works, folks, that's not okay. They're in control, | ||
1408 | |||
1409 | 353 | ||
1410 | 00:23:38,190 ~-~-> 00:23:43,920 | ||
1411 | absolutely. 100% all the time. 24. Seven, done. Now, if | ||
1412 | |||
1413 | 354 | ||
1414 | 00:23:43,920 ~-~-> 00:23:48,420 | ||
1415 | that's a struggling point, hold on to that thought. And it | ||
1416 | |||
1417 | 355 | ||
1418 | 00:23:48,420 ~-~-> 00:23:52,080 | ||
1419 | may not be so important. After we go through the information | ||
1420 | |||
1421 | 356 | ||
1422 | 00:23:52,080 ~-~-> 00:23:54,660 | ||
1423 | that I'm gonna show you here. Okay. But just trust me when I | ||
1424 | |||
1425 | 357 | ||
1426 | 00:23:54,660 ~-~-> 00:23:56,820 | ||
1427 | tell you that this isn't the only time you hear this from | ||
1428 | |||
1429 | 358 | ||
1430 | 00:23:56,820 ~-~-> 00:24:00,570 | ||
1431 | me. And that's what makes me controversial because people | ||
1432 | |||
1433 | 359 | ||
1434 | 00:24:00,570 ~-~-> 00:24:03,630 | ||
1435 | that trade and maybe they've been trading a long time, okay. | ||
1436 | |||
1437 | 360 | ||
1438 | 00:24:04,020 ~-~-> 00:24:06,810 | ||
1439 | And maybe they're profitable. And they'll say, this guy | ||
1440 | |||
1441 | 361 | ||
1442 | 00:24:06,810 ~-~-> 00:24:09,390 | ||
1443 | doesn't know what he's talking about. But these people that | ||
1444 | |||
1445 | 362 | ||
1446 | 00:24:09,390 ~-~-> 00:24:11,190 | ||
1447 | are saying that I don't know what I'm talking about, aren't | ||
1448 | |||
1449 | 363 | ||
1450 | 00:24:11,250 ~-~-> 00:24:13,920 | ||
1451 | selling the high end the day and buying the low today, and | ||
1452 | |||
1453 | 364 | ||
1454 | 00:24:13,920 ~-~-> 00:24:15,780 | ||
1455 | calling the weekly high in the weekly Well, before it | ||
1456 | |||
1457 | 365 | ||
1458 | 00:24:15,780 ~-~-> 00:24:21,210 | ||
1459 | happens. So I don't know who to believe the guy that can | ||
1460 | |||
1461 | 366 | ||
1462 | 00:24:21,210 ~-~-> 00:24:24,930 | ||
1463 | prove it, or the guy that has an opinion. I'll leave that | ||
1464 | |||
1465 | 367 | ||
1466 | 00:24:24,930 ~-~-> 00:24:25,650 | ||
1467 | this isn't to you. | ||
1468 | |||
1469 | 368 | ||
1470 | 00:24:26,970 ~-~-> 00:24:30,450 | ||
1471 | But we have a market reversal profile. Okay, it's trading up | ||
1472 | |||
1473 | 369 | ||
1474 | 00:24:30,450 ~-~-> 00:24:34,410 | ||
1475 | to an old 60 minute high. So if it's running above that old | ||
1476 | |||
1477 | 370 | ||
1478 | 00:24:34,410 ~-~-> 00:24:37,500 | ||
1479 | high and we're in a market consolidation, that means we | ||
1480 | |||
1481 | 371 | ||
1482 | 00:24:37,500 ~-~-> 00:24:41,970 | ||
1483 | don't look at that breakout above an old 60 minute high as a | ||
1484 | |||
1485 | 372 | ||
1486 | 00:24:42,210 ~-~-> 00:24:45,750 | ||
1487 | valid reason to think it's going to keep going higher. We | ||
1488 | |||
1489 | 373 | ||
1490 | 00:24:45,750 ~-~-> 00:24:49,380 | ||
1491 | anticipate that as Okay, this is probably a fake break above | ||
1492 | |||
1493 | 374 | ||
1494 | 00:24:49,380 ~-~-> 00:24:52,890 | ||
1495 | an old high to capture by side liquidity. That means buy | ||
1496 | |||
1497 | 375 | ||
1498 | 00:24:52,890 ~-~-> 00:24:56,340 | ||
1499 | stops. Okay, once it gets those buy stops. It's going to | ||
1500 | |||
1501 | 376 | ||
1502 | 00:24:56,340 ~-~-> 00:25:02,040 | ||
1503 | start repricing lower. How do we know when to Trust that you | ||
1504 | |||
1505 | 377 | ||
1506 | 00:25:02,040 ~-~-> 00:25:04,230 | ||
1507 | have to look at the structure of the marketplace, every time | ||
1508 | |||
1509 | 378 | ||
1510 | 00:25:04,230 ~-~-> 00:25:07,860 | ||
1511 | the market goes higher, it creates swing lows, okay, and as | ||
1512 | |||
1513 | 379 | ||
1514 | 00:25:07,860 ~-~-> 00:25:12,450 | ||
1515 | we go through a key level, which will be that hourly, old | ||
1516 | |||
1517 | 380 | ||
1518 | 00:25:12,450 ~-~-> 00:25:15,180 | ||
1519 | high, and I'll add the annotations now, so it starts to make | ||
1520 | |||
1521 | 381 | ||
1522 | 00:25:15,180 ~-~-> 00:25:17,160 | ||
1523 | a little bit more sense. And then I'll zoom out to a 60 | ||
1524 | |||
1525 | 382 | ||
1526 | 00:25:17,160 ~-~-> 00:25:21,000 | ||
1527 | minute chart to show you what that 60 minute high is. But | ||
1528 | |||
1529 | 383 | ||
1530 | 00:25:21,000 ~-~-> 00:25:24,540 | ||
1531 | the market runs up, see this price leg right here, this low | ||
1532 | |||
1533 | 384 | ||
1534 | 00:25:25,080 ~-~-> 00:25:31,260 | ||
1535 | to this high, that run that goes in and attacks, the buy | ||
1536 | |||
1537 | 385 | ||
1538 | 00:25:31,260 ~-~-> 00:25:37,170 | ||
1539 | side liquidity, this old, high level of 129 19, and three | ||
1540 | |||
1541 | 386 | ||
1542 | 00:25:37,170 ~-~-> 00:25:42,390 | ||
1543 | pet pets. Okay, that high is an old 60 minute high. In fact, | ||
1544 | |||
1545 | 387 | ||
1546 | 00:25:42,600 ~-~-> 00:25:45,240 | ||
1547 | you might want to pause the video and look at your 60 minute | ||
1548 | |||
1549 | 388 | ||
1550 | 00:25:45,240 ~-~-> 00:25:49,680 | ||
1551 | chart for GBP USD, and see if you can find it, then come | ||
1552 | |||
1553 | 389 | ||
1554 | 00:25:49,680 ~-~-> 00:25:52,710 | ||
1555 | back to the video. For everyone else that doesn't want to do | ||
1556 | |||
1557 | 390 | ||
1558 | 00:25:52,710 ~-~-> 00:25:56,550 | ||
1559 | that. This run above that is attacking that by side | ||
1560 | |||
1561 | 391 | ||
1562 | 00:25:56,550 ~-~-> 00:26:00,750 | ||
1563 | liquidity. So what's occurring is the algorithm runs through | ||
1564 | |||
1565 | 392 | ||
1566 | 00:26:00,750 ~-~-> 00:26:05,730 | ||
1567 | it on a shallow basis, just to offset that by side | ||
1568 | |||
1569 | 393 | ||
1570 | 00:26:05,730 ~-~-> 00:26:09,750 | ||
1571 | liquidity, what who would have by side liquidity up here or | ||
1572 | |||
1573 | 394 | ||
1574 | 00:26:09,750 ~-~-> 00:26:16,020 | ||
1575 | by stops, traders that are on the fund level? Not baby pips | ||
1576 | |||
1577 | 395 | ||
1578 | 00:26:16,020 ~-~-> 00:26:20,010 | ||
1579 | traders, not forex, factory traders. Okay? Not people on | ||
1580 | |||
1581 | 396 | ||
1582 | 00:26:20,010 ~-~-> 00:26:24,480 | ||
1583 | Instagram, large institutional funds, because they're not in | ||
1584 | |||
1585 | 397 | ||
1586 | 00:26:24,480 ~-~-> 00:26:28,260 | ||
1587 | the habit of chasing the market with their stop loss, their | ||
1588 | |||
1589 | 398 | ||
1590 | 00:26:28,260 ~-~-> 00:26:31,380 | ||
1591 | stops are wide in their pockets are deeper, so they're not | ||
1592 | |||
1593 | 399 | ||
1594 | 00:26:31,380 ~-~-> 00:26:34,440 | ||
1595 | in a hurry to strangle the marketplace, because they're | ||
1596 | |||
1597 | 400 | ||
1598 | 00:26:34,440 ~-~-> 00:26:37,920 | ||
1599 | trying to capture large moves. So the liquidity that rests | ||
1600 | |||
1601 | 401 | ||
1602 | 00:26:37,920 ~-~-> 00:26:42,960 | ||
1603 | up here is really fund level liquidity. And whenever I say | ||
1604 | |||
1605 | 402 | ||
1606 | 00:26:43,170 ~-~-> 00:26:45,870 | ||
1607 | it's running by sell liquidity or sell side liquidity, I'm | ||
1608 | |||
1609 | 403 | ||
1610 | 00:26:45,870 ~-~-> 00:26:51,630 | ||
1611 | referring to institutional counterparties to the central | ||
1612 | |||
1613 | 404 | ||
1614 | 00:26:51,630 ~-~-> 00:26:55,410 | ||
1615 | bank, not you, me and everybody else that trades, okay, it's | ||
1616 | |||
1617 | 405 | ||
1618 | 00:26:55,680 ~-~-> 00:26:59,490 | ||
1619 | large pools of liquidity, okay, my orders are never going to | ||
1620 | |||
1621 | 406 | ||
1622 | 00:26:59,490 ~-~-> 00:27:02,670 | ||
1623 | be as vast as the orders that they're attacking above this | ||
1624 | |||
1625 | 407 | ||
1626 | 00:27:02,670 ~-~-> 00:27:07,110 | ||
1627 | level. Okay. So when we look at the run to that level that | ||
1628 | |||
1629 | 408 | ||
1630 | 00:27:07,110 ~-~-> 00:27:11,220 | ||
1631 | takes a liquidity that low is the key low. So when you were | ||
1632 | |||
1633 | 409 | ||
1634 | 00:27:11,220 ~-~-> 00:27:14,580 | ||
1635 | looking for reference points for how do you know when the | ||
1636 | |||
1637 | 410 | ||
1638 | 00:27:14,580 ~-~-> 00:27:18,360 | ||
1639 | market structures changing, when it breaks, it's this low | ||
1640 | |||
1641 | 411 | ||
1642 | 00:27:18,360 ~-~-> 00:27:20,940 | ||
1643 | here. Again, I'll take the annotations off, so you can | ||
1644 | |||
1645 | 412 | ||
1646 | 00:27:20,940 ~-~-> 00:27:26,370 | ||
1647 | clearly see it, this run above the old high, that right | ||
1648 | |||
1649 | 413 | ||
1650 | 00:27:26,370 ~-~-> 00:27:31,920 | ||
1651 | there, that low is the key low. So when this breaks, and | ||
1652 | |||
1653 | 414 | ||
1654 | 00:27:31,950 ~-~-> 00:27:35,310 | ||
1655 | breaks right here, you can clearly see that that's the break | ||
1656 | |||
1657 | 415 | ||
1658 | 00:27:35,310 ~-~-> 00:27:38,730 | ||
1659 | in market structure. Now inside this shaded area, that's | ||
1660 | |||
1661 | 416 | ||
1662 | 00:27:38,730 ~-~-> 00:27:43,110 | ||
1663 | that 830 to 11 o'clock in the morning trading session that I | ||
1664 | |||
1665 | 417 | ||
1666 | 00:27:43,110 ~-~-> 00:27:46,140 | ||
1667 | taught for the pattern recognition series for optimal trade | ||
1668 | |||
1669 | 418 | ||
1670 | 00:27:46,140 ~-~-> 00:27:52,800 | ||
1671 | entry. These setups form every day. But there has to be a | ||
1672 | |||
1673 | 419 | ||
1674 | 00:27:52,800 ~-~-> 00:27:56,730 | ||
1675 | narrative behind it. Otherwise, it won't form in that | ||
1676 | |||
1677 | 420 | ||
1678 | 00:27:56,730 ~-~-> 00:28:00,000 | ||
1679 | particular currency, it'll be in another currency. So that's | ||
1680 | |||
1681 | 421 | ||
1682 | 00:28:00,000 ~-~-> 00:28:02,010 | ||
1683 | why you want to go through your charts. And if you just scan | ||
1684 | |||
1685 | 422 | ||
1686 | 00:28:02,010 ~-~-> 00:28:06,570 | ||
1687 | through on a hourly or a four hour basis, you'll see these | ||
1688 | |||
1689 | 423 | ||
1690 | 00:28:06,570 ~-~-> 00:28:10,200 | ||
1691 | types of setups at least one or two a week, and you only | ||
1692 | |||
1693 | 424 | ||
1694 | 00:28:10,200 ~-~-> 00:28:15,120 | ||
1695 | need one. So if you're looking for a 50 PIP run, or a 75, | ||
1696 | |||
1697 | 425 | ||
1698 | 00:28:15,120 ~-~-> 00:28:18,990 | ||
1699 | Pip run or something anywhere between 50 to 75. This is the | ||
1700 | |||
1701 | 426 | ||
1702 | 00:28:19,020 ~-~-> 00:28:22,050 | ||
1703 | easiest bread and butter attempt to do that, it's a recipe | ||
1704 | |||
1705 | 427 | ||
1706 | 00:28:22,050 ~-~-> 00:28:26,130 | ||
1707 | for you to find that, okay. It's this isn't the only way. | ||
1708 | |||
1709 | 428 | ||
1710 | 00:28:26,460 ~-~-> 00:28:30,270 | ||
1711 | It's just one way to skin that cat. Now I have lots of tools | ||
1712 | |||
1713 | 429 | ||
1714 | 00:28:30,270 ~-~-> 00:28:33,960 | ||
1715 | and lots of ways to formulate a model. And this is just one | ||
1716 | |||
1717 | 430 | ||
1718 | 00:28:33,960 ~-~-> 00:28:37,020 | ||
1719 | more that can be used to do it. And they're always going to | ||
1720 | |||
1721 | 431 | ||
1722 | 00:28:37,020 ~-~-> 00:28:38,820 | ||
1723 | have some similarities, but they're never going to be | ||
1724 | |||
1725 | 432 | ||
1726 | 00:28:38,820 ~-~-> 00:28:41,820 | ||
1727 | exactly the same. Oh, see, there you go. See right there at | ||
1728 | |||
1729 | 433 | ||
1730 | 00:28:41,820 ~-~-> 00:28:44,430 | ||
1731 | night, the cynics are gonna say, See, he doesn't have a | ||
1732 | |||
1733 | 434 | ||
1734 | 00:28:44,430 ~-~-> 00:28:49,560 | ||
1735 | trading plan. Man, I got like 30 trading plans. I have 30 | ||
1736 | |||
1737 | 435 | ||
1738 | 00:28:49,590 ~-~-> 00:28:53,670 | ||
1739 | different macros that I know, are likely to pan out based on | ||
1740 | |||
1741 | 436 | ||
1742 | 00:28:53,820 ~-~-> 00:28:57,570 | ||
1743 | a specific weekly profile that I'm already anticipating, in | ||
1744 | |||
1745 | 437 | ||
1746 | 00:28:57,570 ~-~-> 00:29:00,390 | ||
1747 | a particular day of the week that I'm expecting a specific | ||
1748 | |||
1749 | 438 | ||
1750 | 00:29:00,720 ~-~-> 00:29:04,380 | ||
1751 | daily profile in, like I have it down to that, you know, | ||
1752 | |||
1753 | 439 | ||
1754 | 00:29:04,380 ~-~-> 00:29:07,320 | ||
1755 | people say, you know, I'm a technical. I'm a technical | ||
1756 | |||
1757 | 440 | ||
1758 | 00:29:07,320 ~-~-> 00:29:11,070 | ||
1759 | analyst. Well, I'm a technical scientist, okay, I do | ||
1760 | |||
1761 | 441 | ||
1762 | 00:29:11,070 ~-~-> 00:29:15,540 | ||
1763 | technical science, I have this stuff down to like the minute | ||
1764 | |||
1765 | 442 | ||
1766 | 00:29:15,870 ~-~-> 00:29:18,540 | ||
1767 | like, I know when things are going to happen like that. So | ||
1768 | |||
1769 | 443 | ||
1770 | 00:29:18,870 ~-~-> 00:29:23,040 | ||
1771 | if I have the tools that went very well to that level of | ||
1772 | |||
1773 | 444 | ||
1774 | 00:29:23,070 ~-~-> 00:29:23,790 | ||
1775 | precision, | ||
1776 | |||
1777 | 445 | ||
1778 | 00:29:25,080 ~-~-> 00:29:28,410 | ||
1779 | it would be foolish for me not to use it, it's an advantage. | ||
1780 | |||
1781 | 446 | ||
1782 | 00:29:28,500 ~-~-> 00:29:33,150 | ||
1783 | So I'm teaching you these little signatures, these hallmarks | ||
1784 | |||
1785 | 447 | ||
1786 | 00:29:33,150 ~-~-> 00:29:38,160 | ||
1787 | that will get you closer to consistency. But you have to | ||
1788 | |||
1789 | 448 | ||
1790 | 00:29:38,250 ~-~-> 00:29:42,390 | ||
1791 | test them, you cannot just take my word for it because my CT | ||
1792 | |||
1793 | 449 | ||
1794 | 00:29:42,390 ~-~-> 00:29:45,600 | ||
1795 | or I show you it, you have to investigate it and when you | ||
1796 | |||
1797 | 450 | ||
1798 | 00:29:45,600 ~-~-> 00:29:51,510 | ||
1799 | do, everything will seem like nonsense Apart from this, | ||
1800 | |||
1801 | 451 | ||
1802 | 00:29:52,080 ~-~-> 00:29:55,590 | ||
1803 | because you what you'll end up seeing is the real market. | ||
1804 | |||
1805 | 452 | ||
1806 | 00:29:55,890 ~-~-> 00:29:59,340 | ||
1807 | It's like Neo in the matrix when he finally sees what it is | ||
1808 | |||
1809 | 453 | ||
1810 | 00:30:00,000 ~-~-> 00:30:03,360 | ||
1811 | That's the perception that you have, when you look at price, | ||
1812 | |||
1813 | 454 | ||
1814 | 00:30:03,630 ~-~-> 00:30:06,270 | ||
1815 | I'm not looking at indicators, I'm not looking at any of | ||
1816 | |||
1817 | 455 | ||
1818 | 00:30:06,270 ~-~-> 00:30:08,400 | ||
1819 | that stuff, I don't have anything in my chart distracting | ||
1820 | |||
1821 | 456 | ||
1822 | 00:30:08,400 ~-~-> 00:30:12,150 | ||
1823 | me. Anytime I make an annotation, it's for your benefit, I'm | ||
1824 | |||
1825 | 457 | ||
1826 | 00:30:12,150 ~-~-> 00:30:15,630 | ||
1827 | usually watching price with nothing on the chart, I'm | ||
1828 | |||
1829 | 458 | ||
1830 | 00:30:15,630 ~-~-> 00:30:22,890 | ||
1831 | showing you just for I guess, well prognostication, proving | ||
1832 | |||
1833 | 459 | ||
1834 | 00:30:22,980 ~-~-> 00:30:27,870 | ||
1835 | that I can see it before it happens. So when you see these | ||
1836 | |||
1837 | 460 | ||
1838 | 00:30:27,960 ~-~-> 00:30:32,580 | ||
1839 | levels that the markets reaching for for liquidity, this is | ||
1840 | |||
1841 | 461 | ||
1842 | 00:30:32,580 ~-~-> 00:30:35,460 | ||
1843 | the run up into that liquidity. So it's this low right | ||
1844 | |||
1845 | 462 | ||
1846 | 00:30:35,460 ~-~-> 00:30:40,860 | ||
1847 | there. Not this one, because this created a new leg right | ||
1848 | |||
1849 | 463 | ||
1850 | 00:30:40,860 ~-~-> 00:30:44,190 | ||
1851 | there. So you're always looking for that, that swing low, | ||
1852 | |||
1853 | 464 | ||
1854 | 00:30:44,190 ~-~-> 00:30:46,200 | ||
1855 | when it's looking for a break and Mark structure that's | ||
1856 | |||
1857 | 465 | ||
1858 | 00:30:46,200 ~-~-> 00:30:48,990 | ||
1859 | bearish, you want to see that low prior to the run into | ||
1860 | |||
1861 | 466 | ||
1862 | 00:30:48,990 ~-~-> 00:30:54,060 | ||
1863 | liquidity? Okay, so the algorithm remembers this low, and | ||
1864 | |||
1865 | 467 | ||
1866 | 00:30:54,060 ~-~-> 00:30:57,390 | ||
1867 | whatever high forums here, and once it trades below it | ||
1868 | |||
1869 | 468 | ||
1870 | 00:30:57,480 ~-~-> 00:31:05,700 | ||
1871 | there, okay. The pricing model shifts. So it no longer is | ||
1872 | |||
1873 | 469 | ||
1874 | 00:31:05,700 ~-~-> 00:31:08,550 | ||
1875 | interested in going up to this level. Again, it doesn't | ||
1876 | |||
1877 | 470 | ||
1878 | 00:31:08,550 ~-~-> 00:31:11,850 | ||
1879 | matter how many buyers, it doesn't matter who goes on TV and | ||
1880 | |||
1881 | 471 | ||
1882 | 00:31:11,850 ~-~-> 00:31:16,470 | ||
1883 | says the British pounds bullish, it does not matter. If ICT | ||
1884 | |||
1885 | 472 | ||
1886 | 00:31:16,470 ~-~-> 00:31:20,520 | ||
1887 | even is buying, it doesn't matter. Because now the algorithm | ||
1888 | |||
1889 | 473 | ||
1890 | 00:31:20,520 ~-~-> 00:31:25,770 | ||
1891 | is changing its delivery to now it will only reprice to a | ||
1892 | |||
1893 | 474 | ||
1894 | 00:31:25,770 ~-~-> 00:31:31,380 | ||
1895 | point, that is a old array. If anyone in the audience is a | ||
1896 | |||
1897 | 475 | ||
1898 | 00:31:31,380 ~-~-> 00:31:35,010 | ||
1899 | computer programmer, when we make a computer program, we | ||
1900 | |||
1901 | 476 | ||
1902 | 00:31:35,010 ~-~-> 00:31:39,090 | ||
1903 | have to have data, okay, otherwise the program doesn't can't | ||
1904 | |||
1905 | 477 | ||
1906 | 00:31:39,090 ~-~-> 00:31:42,150 | ||
1907 | do anything, it has to have information. And it has to have | ||
1908 | |||
1909 | 478 | ||
1910 | 00:31:42,150 ~-~-> 00:31:45,270 | ||
1911 | a way of receiving or obtaining that information. The | ||
1912 | |||
1913 | 479 | ||
1914 | 00:31:45,270 ~-~-> 00:31:49,890 | ||
1915 | algorithm goes back to this range, that low. And this high. | ||
1916 | |||
1917 | 480 | ||
1918 | 00:31:50,310 ~-~-> 00:31:52,530 | ||
1919 | When it finds this low, it looks for two pieces of | ||
1920 | |||
1921 | 481 | ||
1922 | 00:31:52,530 ~-~-> 00:31:57,540 | ||
1923 | information, the actual low and the close. Why the close | ||
1924 | |||
1925 | 482 | ||
1926 | 00:31:57,570 ~-~-> 00:32:00,930 | ||
1927 | because it's a down closed candle. So it's either going to | ||
1928 | |||
1929 | 483 | ||
1930 | 00:32:00,960 ~-~-> 00:32:04,740 | ||
1931 | respect the low, or it's going to respect the close of that | ||
1932 | |||
1933 | 484 | ||
1934 | 00:32:04,740 ~-~-> 00:32:08,220 | ||
1935 | candle, the majority of time, you're going to see that it's | ||
1936 | |||
1937 | 485 | ||
1938 | 00:32:08,220 ~-~-> 00:32:11,040 | ||
1939 | going to reach for the body. That's where the bulk of the | ||
1940 | |||
1941 | 486 | ||
1942 | 00:32:11,040 ~-~-> 00:32:15,990 | ||
1943 | volume is. The market trades back up into that level hits | ||
1944 | |||
1945 | 487 | ||
1946 | 00:32:15,990 ~-~-> 00:32:21,930 | ||
1947 | the breaker, what's the breaker, it's a low candle prior to | ||
1948 | |||
1949 | 488 | ||
1950 | 00:32:22,110 ~-~-> 00:32:25,710 | ||
1951 | a run above a previous high, which is here. So we have a | ||
1952 | |||
1953 | 489 | ||
1954 | 00:32:25,710 ~-~-> 00:32:29,910 | ||
1955 | high a low a higher high. So this right here is your | ||
1956 | |||
1957 | 490 | ||
1958 | 00:32:29,910 ~-~-> 00:32:34,290 | ||
1959 | breaker. What does it mean? When I say breaker? I gave it | ||
1960 | |||
1961 | 491 | ||
1962 | 00:32:34,290 ~-~-> 00:32:39,210 | ||
1963 | its name, because what it's doing is it's breaking all the | ||
1964 | |||
1965 | 492 | ||
1966 | 00:32:39,240 ~-~-> 00:32:41,730 | ||
1967 | short traders that are trying to sell short with this run | ||
1968 | |||
1969 | 493 | ||
1970 | 00:32:41,730 ~-~-> 00:32:45,030 | ||
1971 | here, it starts to drop, I think yes, we're, I'm in the | ||
1972 | |||
1973 | 494 | ||
1974 | 00:32:45,030 ~-~-> 00:32:46,980 | ||
1975 | right side of the trade. And they put their stop loss rate | ||
1976 | |||
1977 | 495 | ||
1978 | 00:32:46,980 ~-~-> 00:32:49,590 | ||
1979 | above here, or they start dropping their stop loss because | ||
1980 | |||
1981 | 496 | ||
1982 | 00:32:49,590 ~-~-> 00:32:51,900 | ||
1983 | it may have been a little bit higher than the high and it | ||
1984 | |||
1985 | 497 | ||
1986 | 00:32:51,930 ~-~-> 00:32:56,430 | ||
1987 | breaks them out of that position. But when it does, so it's | ||
1988 | |||
1989 | 498 | ||
1990 | 00:32:56,520 ~-~-> 00:33:00,840 | ||
1991 | cumulating all of their buy stops and allowing interbank | ||
1992 | |||
1993 | 499 | ||
1994 | 00:33:00,840 ~-~-> 00:33:04,590 | ||
1995 | traders that know what I'm talking about here. They're going | ||
1996 | |||
1997 | 500 | ||
1998 | 00:33:04,590 ~-~-> 00:33:10,860 | ||
1999 | short there. Okay. So it's not that the algorithm is seeing | ||
2000 | |||
2001 | 501 | ||
2002 | 00:33:10,860 ~-~-> 00:33:14,880 | ||
2003 | your stuff. It's running there as a mechanism that's already | ||
2004 | |||
2005 | 502 | ||
2006 | 00:33:14,880 ~-~-> 00:33:17,370 | ||
2007 | predetermined in its program that has nothing to do with | ||
2008 | |||
2009 | 503 | ||
2010 | 00:33:17,370 ~-~-> 00:33:20,280 | ||
2011 | buying and selling pressure, absolutely zero, None. None. | ||
2012 | |||
2013 | 504 | ||
2014 | 00:33:21,720 ~-~-> 00:33:25,800 | ||
2015 | All of this liquidity is Counterparty to traders. Now, the | ||
2016 | |||
2017 | 505 | ||
2018 | 00:33:25,800 ~-~-> 00:33:29,370 | ||
2019 | traders if they're lazy, if they're not on the charts at the | ||
2020 | |||
2021 | 506 | ||
2022 | 00:33:29,370 ~-~-> 00:33:31,980 | ||
2023 | time, if they're not paying attention to what prices doing, | ||
2024 | |||
2025 | 507 | ||
2026 | 00:33:32,310 ~-~-> 00:33:34,050 | ||
2027 | they're going to miss that move just like anybody else | ||
2028 | |||
2029 | 508 | ||
2030 | 00:33:34,050 ~-~-> 00:33:37,080 | ||
2031 | would, the algorithm is going to stay there forever. But it | ||
2032 | |||
2033 | 509 | ||
2034 | 00:33:37,080 ~-~-> 00:33:40,680 | ||
2035 | gets multiple opportunities in here. And then it leaves | ||
2036 | |||
2037 | 510 | ||
2038 | 00:33:40,680 ~-~-> 00:33:43,110 | ||
2039 | comes down notice that this load did not take out that low | ||
2040 | |||
2041 | 511 | ||
2042 | 00:33:43,110 ~-~-> 00:33:46,140 | ||
2043 | yet that the market structure break yet no, it runs one more | ||
2044 | |||
2045 | 512 | ||
2046 | 00:33:46,140 ~-~-> 00:33:51,870 | ||
2047 | time above that old high, then it breaks there. So now the | ||
2048 | |||
2049 | 513 | ||
2050 | 00:33:51,870 ~-~-> 00:33:55,410 | ||
2051 | algorithm changes its state of delivery to now it's in a | ||
2052 | |||
2053 | 514 | ||
2054 | 00:33:55,410 ~-~-> 00:34:00,210 | ||
2055 | cell model. You heard that word before haven't you? So model | ||
2056 | |||
2057 | 515 | ||
2058 | 00:34:00,900 ~-~-> 00:34:05,970 | ||
2059 | words this consolidation between this highness low that's | ||
2060 | |||
2061 | 516 | ||
2062 | 00:34:05,970 ~-~-> 00:34:08,220 | ||
2063 | your original consolidation, the the sell side liquidity | ||
2064 | |||
2065 | 517 | ||
2066 | 00:34:08,220 ~-~-> 00:34:11,040 | ||
2067 | resting below that. You can see in the video I posted today, | ||
2068 | |||
2069 | 518 | ||
2070 | 00:34:11,940 ~-~-> 00:34:16,380 | ||
2071 | the anchor of these magnet was placed before the tray was | ||
2072 | |||
2073 | 519 | ||
2074 | 00:34:16,380 ~-~-> 00:34:19,890 | ||
2075 | even brought to this low. | ||
2076 | |||
2077 | 520 | ||
2078 | 00:34:21,450 ~-~-> 00:34:24,420 | ||
2079 | I gave you this idea here. The New York session initial | ||
2080 | |||
2081 | 521 | ||
2082 | 00:34:24,420 ~-~-> 00:34:28,230 | ||
2083 | target was here. And the setup I mapped out. That's the | ||
2084 | |||
2085 | 522 | ||
2086 | 00:34:28,230 ~-~-> 00:34:32,910 | ||
2087 | breaker. You didn't see the window of time but you know, | ||
2088 | |||
2089 | 523 | ||
2090 | 00:34:32,940 ~-~-> 00:34:35,700 | ||
2091 | because I've taught you this openly on this YouTube channel. | ||
2092 | |||
2093 | 524 | ||
2094 | 00:34:36,000 ~-~-> 00:34:38,460 | ||
2095 | You didn't see this over here, but you seen the blue line, | ||
2096 | |||
2097 | 525 | ||
2098 | 00:34:38,490 ~-~-> 00:34:44,040 | ||
2099 | all the things there in that recording are here except for | ||
2100 | |||
2101 | 526 | ||
2102 | 00:34:44,070 ~-~-> 00:34:47,820 | ||
2103 | me showing you and teaching you how to see breaks in market | ||
2104 | |||
2105 | 527 | ||
2106 | 00:34:47,820 ~-~-> 00:34:51,660 | ||
2107 | structure. You cannot have a break in market structure | ||
2108 | |||
2109 | 528 | ||
2110 | 00:34:51,750 ~-~-> 00:34:54,960 | ||
2111 | period. Okay, this is for the folks that are on YouTube that | ||
2112 | |||
2113 | 529 | ||
2114 | 00:34:54,960 ~-~-> 00:34:56,370 | ||
2115 | are trying to teach my stuff and you don't know you're | ||
2116 | |||
2117 | 530 | ||
2118 | 00:34:56,370 ~-~-> 00:34:59,130 | ||
2119 | talking about and this is what I mean by this. You're | ||
2120 | |||
2121 | 531 | ||
2122 | 00:34:59,130 ~-~-> 00:35:02,460 | ||
2123 | actually doing a harm to people that watch your videos, | ||
2124 | |||
2125 | 532 | ||
2126 | 00:35:02,730 ~-~-> 00:35:05,190 | ||
2127 | trying to take credit for something you didn't create, you | ||
2128 | |||
2129 | 533 | ||
2130 | 00:35:05,190 ~-~-> 00:35:08,070 | ||
2131 | didn't author it. Okay? And you didn't program any of this | ||
2132 | |||
2133 | 534 | ||
2134 | 00:35:08,070 ~-~-> 00:35:16,590 | ||
2135 | stuff. Let that sink in. This low has to be broken after | ||
2136 | |||
2137 | 535 | ||
2138 | 00:35:17,220 ~-~-> 00:35:22,410 | ||
2139 | liquidity is purged right in here. Okay, when you start | ||
2140 | |||
2141 | 536 | ||
2142 | 00:35:22,410 ~-~-> 00:35:26,160 | ||
2143 | seeing highs run above an old high, just because it does | ||
2144 | |||
2145 | 537 | ||
2146 | 00:35:26,160 ~-~-> 00:35:31,050 | ||
2147 | that absolutely does not mean anything doesn't mean | ||
2148 | |||
2149 | 538 | ||
2150 | 00:35:31,050 ~-~-> 00:35:33,330 | ||
2151 | anything, because it could just keep going higher and higher | ||
2152 | |||
2153 | 539 | ||
2154 | 00:35:33,330 ~-~-> 00:35:38,700 | ||
2155 | and higher. What's the narrative that has to be in place? It | ||
2156 | |||
2157 | 540 | ||
2158 | 00:35:38,700 ~-~-> 00:35:43,560 | ||
2159 | has to be running an old pdra old reference point, what's | ||
2160 | |||
2161 | 541 | ||
2162 | 00:35:43,560 ~-~-> 00:35:47,280 | ||
2163 | the old reference point? The old 60 minute high. So it's | ||
2164 | |||
2165 | 542 | ||
2166 | 00:35:47,280 ~-~-> 00:35:50,550 | ||
2167 | running that. And then all we're doing is we're writing. | ||
2168 | |||
2169 | 543 | ||
2170 | 00:35:50,910 ~-~-> 00:35:53,760 | ||
2171 | We're not trying to predict this. Now I teach how to trade | ||
2172 | |||
2173 | 544 | ||
2174 | 00:35:53,760 ~-~-> 00:35:59,430 | ||
2175 | this. But it's not infallible. It's not always going to | ||
2176 | |||
2177 | 545 | ||
2178 | 00:35:59,430 ~-~-> 00:36:03,030 | ||
2179 | work. But if you were waiting for a pattern that has a lot | ||
2180 | |||
2181 | 546 | ||
2182 | 00:36:03,060 ~-~-> 00:36:09,750 | ||
2183 | of confirmation, this is it. The consolidation, it leaves | ||
2184 | |||
2185 | 547 | ||
2186 | 00:36:09,780 ~-~-> 00:36:12,090 | ||
2187 | comes back to the consolidation, there's re accumulation, | ||
2188 | |||
2189 | 548 | ||
2190 | 00:36:13,230 ~-~-> 00:36:15,480 | ||
2191 | another level of re accumulation, another level of re | ||
2192 | |||
2193 | 549 | ||
2194 | 00:36:15,480 ~-~-> 00:36:20,400 | ||
2195 | accumulation, purging of liquidity, this high to this low, | ||
2196 | |||
2197 | 550 | ||
2198 | 00:36:20,430 ~-~-> 00:36:25,020 | ||
2199 | that's your range. That's a key dealing range. When it | ||
2200 | |||
2201 | 551 | ||
2202 | 00:36:25,020 ~-~-> 00:36:29,100 | ||
2203 | breaks below that, then you now know that you have such a | ||
2204 | |||
2205 | 552 | ||
2206 | 00:36:29,100 ~-~-> 00:36:31,680 | ||
2207 | high degree of probability to the algorithm is now in a cell | ||
2208 | |||
2209 | 553 | ||
2210 | 00:36:31,680 ~-~-> 00:36:35,670 | ||
2211 | model. These highs No longer are interesting to it, it needs | ||
2212 | |||
2213 | 554 | ||
2214 | 00:36:35,670 ~-~-> 00:36:40,110 | ||
2215 | this seek by sight liquidity, where does it rest? Below this | ||
2216 | |||
2217 | 555 | ||
2218 | 00:36:40,110 ~-~-> 00:36:44,370 | ||
2219 | low? Below this low? What does that make that the ICT market | ||
2220 | |||
2221 | 556 | ||
2222 | 00:36:44,370 ~-~-> 00:36:50,130 | ||
2223 | maker so model, not wycoff. Not that stuff. Everything that | ||
2224 | |||
2225 | 557 | ||
2226 | 00:36:50,160 ~-~-> 00:36:54,060 | ||
2227 | I'm looking at over here, lines up with everything as a buy | ||
2228 | |||
2229 | 558 | ||
2230 | 00:36:54,060 ~-~-> 00:36:59,730 | ||
2231 | over here. So everything has to unwind equally. And identity | ||
2232 | |||
2233 | 559 | ||
2234 | 00:36:59,730 ~-~-> 00:37:03,000 | ||
2235 | attacks the sell side liquidity. So as the market trades | ||
2236 | |||
2237 | 560 | ||
2238 | 00:37:03,000 ~-~-> 00:37:06,300 | ||
2239 | right back up, you can see I wasn't in no hurry. I didn't | ||
2240 | |||
2241 | 561 | ||
2242 | 00:37:06,300 ~-~-> 00:37:10,260 | ||
2243 | care if I got in at the absolute highest high. All I needed | ||
2244 | |||
2245 | 562 | ||
2246 | 00:37:10,260 ~-~-> 00:37:13,320 | ||
2247 | to do is trade at that bodies close on this candle right | ||
2248 | |||
2249 | 563 | ||
2250 | 00:37:13,320 ~-~-> 00:37:16,920 | ||
2251 | here. And if I would have missed it, it started to take off | ||
2252 | |||
2253 | 564 | ||
2254 | 00:37:16,920 ~-~-> 00:37:19,650 | ||
2255 | lower, I don't care. Because I could have traded inside this | ||
2256 | |||
2257 | 565 | ||
2258 | 00:37:19,650 ~-~-> 00:37:23,850 | ||
2259 | range from this low and this high. And then my stop would | ||
2260 | |||
2261 | 566 | ||
2262 | 00:37:23,850 ~-~-> 00:37:28,410 | ||
2263 | have been about this. So I'm not in a hurry. I'm not afraid | ||
2264 | |||
2265 | 567 | ||
2266 | 00:37:28,710 ~-~-> 00:37:33,780 | ||
2267 | or fearful of missing a move. I see these setups every day. | ||
2268 | |||
2269 | 568 | ||
2270 | 00:37:34,980 ~-~-> 00:37:38,820 | ||
2271 | Every single day. If you spend time with the things I'm | ||
2272 | |||
2273 | 569 | ||
2274 | 00:37:38,820 ~-~-> 00:37:41,760 | ||
2275 | teaching you in this YouTube channel, I promise you, you're | ||
2276 | |||
2277 | 570 | ||
2278 | 00:37:41,760 ~-~-> 00:37:47,250 | ||
2279 | gonna see multiple sales per week. And you're, maybe you're | ||
2280 | |||
2281 | 571 | ||
2282 | 00:37:47,250 ~-~-> 00:37:50,130 | ||
2283 | watching other people, okay, maybe these people are showing | ||
2284 | |||
2285 | 572 | ||
2286 | 00:37:50,130 ~-~-> 00:37:53,790 | ||
2287 | you profitability. Maybe they're making money. Okay? I'm not | ||
2288 | |||
2289 | 573 | ||
2290 | 00:37:53,790 ~-~-> 00:37:56,430 | ||
2291 | saying I'm the only one that can make money. I'm saying | ||
2292 | |||
2293 | 574 | ||
2294 | 00:37:56,430 ~-~-> 00:38:01,440 | ||
2295 | that. Watching everyone else. Okay, watching everyone else | ||
2296 | |||
2297 | 575 | ||
2298 | 00:38:01,440 ~-~-> 00:38:05,310 | ||
2299 | with their cars and their things in their stuff. Is that | ||
2300 | |||
2301 | 576 | ||
2302 | 00:38:05,310 ~-~-> 00:38:10,740 | ||
2303 | making you money? Is it making you a better trader? It may | ||
2304 | |||
2305 | 577 | ||
2306 | 00:38:10,740 ~-~-> 00:38:13,260 | ||
2307 | be inspiring you I'm not does not I'm not denying that. | ||
2308 | |||
2309 | 578 | ||
2310 | 00:38:13,350 ~-~-> 00:38:16,800 | ||
2311 | Okay. I'm not saying that other things that people have, | ||
2312 | |||
2313 | 579 | ||
2314 | 00:38:17,040 ~-~-> 00:38:21,480 | ||
2315 | when you covet them, it that it doesn't motivate you. Okay, | ||
2316 | |||
2317 | 580 | ||
2318 | 00:38:21,480 ~-~-> 00:38:24,870 | ||
2319 | I'm sure it does for a lot of you. I don't go down that | ||
2320 | |||
2321 | 581 | ||
2322 | 00:38:24,870 ~-~-> 00:38:30,960 | ||
2323 | path. What I want to inspire you to do is see the benefits | ||
2324 | |||
2325 | 582 | ||
2326 | 00:38:30,960 ~-~-> 00:38:36,060 | ||
2327 | of being this precise. It's not ambiguous, folks. It's not a | ||
2328 | |||
2329 | 583 | ||
2330 | 00:38:36,060 ~-~-> 00:38:39,300 | ||
2331 | wonder what I'm going to do right now. I don't stare into | ||
2332 | |||
2333 | 584 | ||
2334 | 00:38:39,300 ~-~-> 00:38:44,250 | ||
2335 | the spotlights, okay, of price and fear doing what it is. I | ||
2336 | |||
2337 | 585 | ||
2338 | 00:38:44,250 ~-~-> 00:38:46,950 | ||
2339 | should do. I know what it is I should do. And here's the | ||
2340 | |||
2341 | 586 | ||
2342 | 00:38:46,950 ~-~-> 00:38:51,540 | ||
2343 | kicker, I know what not to do. That's the most important | ||
2344 | |||
2345 | 587 | ||
2346 | 00:38:51,540 ~-~-> 00:38:56,160 | ||
2347 | thing. I know not to believe this run about this old high is | ||
2348 | |||
2349 | 588 | ||
2350 | 00:38:56,160 ~-~-> 00:39:02,040 | ||
2351 | a real breakout in that I can be a seller of cable. And then | ||
2352 | |||
2353 | 589 | ||
2354 | 00:39:02,040 ~-~-> 00:39:05,880 | ||
2355 | I could target right there on that low. When's it going to | ||
2356 | |||
2357 | 590 | ||
2358 | 00:39:05,880 ~-~-> 00:39:11,370 | ||
2359 | occur? Is if it's random, if there's simply just no quote | ||
2360 | |||
2361 | 591 | ||
2362 | 00:39:11,370 ~-~-> 00:39:15,060 | ||
2363 | unquote supply and demand on these intraday charts, it's all | ||
2364 | |||
2365 | 592 | ||
2366 | 00:39:15,060 ~-~-> 00:39:24,360 | ||
2367 | noise. To quote Goldman Sachs guys, why is it that I can do | ||
2368 | |||
2369 | 593 | ||
2370 | 00:39:24,360 ~-~-> 00:39:24,720 | ||
2371 | this? | ||
2372 | |||
2373 | 594 | ||
2374 | 00:39:26,460 ~-~-> 00:39:29,100 | ||
2375 | Why is it repeating all the time, the same time of the day? | ||
2376 | |||
2377 | 595 | ||
2378 | 00:39:30,810 ~-~-> 00:39:33,840 | ||
2379 | The same things all the time. Why is it repeating all the | ||
2380 | |||
2381 | 596 | ||
2382 | 00:39:33,840 ~-~-> 00:39:38,460 | ||
2383 | time? See, I don't have to prove beyond what I've already | ||
2384 | |||
2385 | 597 | ||
2386 | 00:39:38,460 ~-~-> 00:39:41,820 | ||
2387 | done, but I'm gonna keep doing it because I enjoy it. But | ||
2388 | |||
2389 | 598 | ||
2390 | 00:39:41,820 ~-~-> 00:39:44,340 | ||
2391 | everyone else on the outside that has an argument against | ||
2392 | |||
2393 | 599 | ||
2394 | 00:39:44,340 ~-~-> 00:39:47,340 | ||
2395 | what I'm teaching. They have the greater argument they have | ||
2396 | |||
2397 | 600 | ||
2398 | 00:39:47,340 ~-~-> 00:39:51,330 | ||
2399 | the burden of proof. Because what is going on? What's going | ||
2400 | |||
2401 | 601 | ||
2402 | 00:39:51,330 ~-~-> 00:39:54,600 | ||
2403 | on in price that I'm dealing and don't get me the armchair | ||
2404 | |||
2405 | 602 | ||
2406 | 00:39:54,600 ~-~-> 00:39:57,390 | ||
2407 | quarterback stuff in hindsight? Well, yeah, it's just that | ||
2408 | |||
2409 | 603 | ||
2410 | 00:39:58,140 ~-~-> 00:40:01,020 | ||
2411 | floor becomes a ceiling, all that knowledge. sense, okay, | ||
2412 | |||
2413 | 604 | ||
2414 | 00:40:01,050 ~-~-> 00:40:04,620 | ||
2415 | there's a lot of simpletons on YouTube that give you that, | ||
2416 | |||
2417 | 605 | ||
2418 | 00:40:04,620 ~-~-> 00:40:07,350 | ||
2419 | but they're not trading anything. You don't see them | ||
2420 | |||
2421 | 606 | ||
2422 | 00:40:07,350 ~-~-> 00:40:10,140 | ||
2423 | executing anything or managing anything. They're going to | ||
2424 | |||
2425 | 607 | ||
2426 | 00:40:10,140 ~-~-> 00:40:13,530 | ||
2427 | talk about all this stuff over here. And you have to learn | ||
2428 | |||
2429 | 608 | ||
2430 | 00:40:13,530 ~-~-> 00:40:18,180 | ||
2431 | from someone that can see it before it happens. Not just | ||
2432 | |||
2433 | 609 | ||
2434 | 00:40:18,180 ~-~-> 00:40:23,280 | ||
2435 | once in a while, consistently. You don't have to like me, | ||
2436 | |||
2437 | 610 | ||
2438 | 00:40:23,310 ~-~-> 00:40:25,830 | ||
2439 | okay? You don't have to like me as a person. You don't have | ||
2440 | |||
2441 | 611 | ||
2442 | 00:40:25,830 ~-~-> 00:40:27,990 | ||
2443 | to like the way I talk. You don't have to like the fact that | ||
2444 | |||
2445 | 612 | ||
2446 | 00:40:27,990 ~-~-> 00:40:31,680 | ||
2447 | I talk as much. But listen, show me someone else. It's a | ||
2448 | |||
2449 | 613 | ||
2450 | 00:40:31,680 ~-~-> 00:40:34,350 | ||
2451 | millionaire on YouTube that's willing to give you their | ||
2452 | |||
2453 | 614 | ||
2454 | 00:40:34,350 ~-~-> 00:40:43,770 | ||
2455 | time. And education for free. I'm waiting. Because first you | ||
2456 | |||
2457 | 615 | ||
2458 | 00:40:43,770 ~-~-> 00:40:48,930 | ||
2459 | got to find a millionaire. Then on here, okay, so looking at | ||
2460 | |||
2461 | 616 | ||
2462 | 00:40:49,110 ~-~-> 00:40:55,620 | ||
2463 | the specific time of day 830 to 11. So I'm going to take | ||
2464 | |||
2465 | 617 | ||
2466 | 00:40:55,620 ~-~-> 00:40:58,680 | ||
2467 | this shaded area offset way it's a little bit cleaner with | ||
2468 | |||
2469 | 618 | ||
2470 | 00:40:58,680 ~-~-> 00:41:04,530 | ||
2471 | chart. Right, so now there's the price action. Now, you | ||
2472 | |||
2473 | 619 | ||
2474 | 00:41:04,530 ~-~-> 00:41:08,520 | ||
2475 | could take the breaker as I did. Okay. And as it trades | ||
2476 | |||
2477 | 620 | ||
2478 | 00:41:08,520 ~-~-> 00:41:12,240 | ||
2479 | right up into it, it feels scary, folks. I know, I know. | ||
2480 | |||
2481 | 621 | ||
2482 | 00:41:13,620 ~-~-> 00:41:16,590 | ||
2483 | When I first started trading this pattern, it was scary. I | ||
2484 | |||
2485 | 622 | ||
2486 | 00:41:16,590 ~-~-> 00:41:19,080 | ||
2487 | didn't know if it was going to stop there. And then over | ||
2488 | |||
2489 | 623 | ||
2490 | 00:41:19,080 ~-~-> 00:41:23,010 | ||
2491 | time, and thousands of those types of trades, will take | ||
2492 | |||
2493 | 624 | ||
2494 | 00:41:23,010 ~-~-> 00:41:26,640 | ||
2495 | thousands for you to trust it probably not. But if you start | ||
2496 | |||
2497 | 625 | ||
2498 | 00:41:26,640 ~-~-> 00:41:28,440 | ||
2499 | studying it, you're going to say, Oh, yeah, this is where it | ||
2500 | |||
2501 | 626 | ||
2502 | 00:41:28,440 ~-~-> 00:41:32,850 | ||
2503 | should turn. And then you wait for it to break down. When it | ||
2504 | |||
2505 | 627 | ||
2506 | 00:41:32,910 ~-~-> 00:41:35,910 | ||
2507 | takes out this low, you have confirmation that you are in a | ||
2508 | |||
2509 | 628 | ||
2510 | 00:41:35,910 ~-~-> 00:41:40,230 | ||
2511 | so model, up to this point here, you're just assuming that | ||
2512 | |||
2513 | 629 | ||
2514 | 00:41:40,230 ~-~-> 00:41:43,230 | ||
2515 | it's in a cell model, and that your trade, your trades | ||
2516 | |||
2517 | 630 | ||
2518 | 00:41:43,230 ~-~-> 00:41:46,650 | ||
2519 | aren't perfect, my trades aren't perfect. I'm not 100%. But | ||
2520 | |||
2521 | 631 | ||
2522 | 00:41:46,650 ~-~-> 00:41:49,110 | ||
2523 | you're going in with the idea that okay, if it trades here, | ||
2524 | |||
2525 | 632 | ||
2526 | 00:41:49,110 ~-~-> 00:41:52,590 | ||
2527 | it should not trade above these highs, it shouldn't trade | ||
2528 | |||
2529 | 633 | ||
2530 | 00:41:52,590 ~-~-> 00:41:56,730 | ||
2531 | above this high. In fact, it shouldn't even trade above this | ||
2532 | |||
2533 | 634 | ||
2534 | 00:41:56,730 ~-~-> 00:42:03,210 | ||
2535 | high. So your stop can be reasonable. Now watch what happens | ||
2536 | |||
2537 | 635 | ||
2538 | 00:42:03,600 ~-~-> 00:42:08,010 | ||
2539 | this high to this low as it retraces right into there. Isn't | ||
2540 | |||
2541 | 636 | ||
2542 | 00:42:08,010 ~-~-> 00:42:09,150 | ||
2543 | that optimal trade entry? | ||
2544 | |||
2545 | 637 | ||
2546 | 00:42:14,190 ~-~-> 00:42:17,460 | ||
2547 | Man, this guy talks too much. He likes to hear himself talk. | ||
2548 | |||
2549 | 638 | ||
2550 | 00:42:18,330 ~-~-> 00:42:24,300 | ||
2551 | Now, I want you to learn. If you paid me for this lesson, | ||
2552 | |||
2553 | 639 | ||
2554 | 00:42:24,510 ~-~-> 00:42:26,400 | ||
2555 | you won't be coming here for five minutes and say Here it | ||
2556 | |||
2557 | 640 | ||
2558 | 00:42:26,400 ~-~-> 00:42:30,360 | ||
2559 | is. Boom, it is and I'm done. Like what is this? I didn't | ||
2560 | |||
2561 | 641 | ||
2562 | 00:42:30,360 ~-~-> 00:42:37,290 | ||
2563 | learn anything. The wise, shut up and listen, the fools talk | ||
2564 | |||
2565 | 642 | ||
2566 | 00:42:37,290 ~-~-> 00:42:42,690 | ||
2567 | and say you're talking too much. high to low optimal trade | ||
2568 | |||
2569 | 643 | ||
2570 | 00:42:42,690 ~-~-> 00:42:47,970 | ||
2571 | entry. Sweet Spot 70.5 to fib is not the solution. It's not | ||
2572 | |||
2573 | 644 | ||
2574 | 00:42:47,970 ~-~-> 00:42:51,300 | ||
2575 | the answer. It's not the Holy Grail. It's just a way to form | ||
2576 | |||
2577 | 645 | ||
2578 | 00:42:51,660 ~-~-> 00:42:54,420 | ||
2579 | an opinion about whether the market is primed to go higher | ||
2580 | |||
2581 | 646 | ||
2582 | 00:42:54,420 ~-~-> 00:42:57,870 | ||
2583 | or lower. That's what I teach you on this channel for free | ||
2584 | |||
2585 | 647 | ||
2586 | 00:43:00,540 ~-~-> 00:43:06,150 | ||
2587 | 1.5 standard deviation below this low, that's what you're | ||
2588 | |||
2589 | 648 | ||
2590 | 00:43:06,150 ~-~-> 00:43:10,710 | ||
2591 | aiming for. It could reach this low, it could reach lower, | ||
2592 | |||
2593 | 649 | ||
2594 | 00:43:11,310 ~-~-> 00:43:15,060 | ||
2595 | but all I'm aiming for is that low plus the spread. And | ||
2596 | |||
2597 | 650 | ||
2598 | 00:43:15,060 ~-~-> 00:43:19,710 | ||
2599 | there's your low the day. It's trading at right now. Right | ||
2600 | |||
2601 | 651 | ||
2602 | 00:43:19,710 ~-~-> 00:43:24,690 | ||
2603 | in the middle of the range. I'm in here getting out right | ||
2604 | |||
2605 | 652 | ||
2606 | 00:43:24,690 ~-~-> 00:43:30,270 | ||
2607 | there. I'm calling levels the order box as they're forming. | ||
2608 | |||
2609 | 653 | ||
2610 | 00:43:31,050 ~-~-> 00:43:35,940 | ||
2611 | As you see me doing other videos this close candle Why is | ||
2612 | |||
2613 | 654 | ||
2614 | 00:43:35,940 ~-~-> 00:43:39,120 | ||
2615 | this important? When it's up close candles here and starts | ||
2616 | |||
2617 | 655 | ||
2618 | 00:43:39,120 ~-~-> 00:43:41,580 | ||
2619 | to break down and it's coming back up. I'm drawing a line | ||
2620 | |||
2621 | 656 | ||
2622 | 00:43:41,580 ~-~-> 00:43:45,060 | ||
2623 | there in the recording lookouts respecting that in fact I | ||
2624 | |||
2625 | 657 | ||
2626 | 00:43:45,060 ~-~-> 00:43:49,110 | ||
2627 | closed my trade partial on this candle right before it gets | ||
2628 | |||
2629 | 658 | ||
2630 | 00:43:49,110 ~-~-> 00:43:51,720 | ||
2631 | up into that because I was concerned that it won't take up | ||
2632 | |||
2633 | 659 | ||
2634 | 00:43:51,720 ~-~-> 00:43:58,050 | ||
2635 | this low until in Asia again like it did they before but it | ||
2636 | |||
2637 | 660 | ||
2638 | 00:43:58,050 ~-~-> 00:44:02,040 | ||
2639 | hits it one more time becomes a reclaimed order block order | ||
2640 | |||
2641 | 661 | ||
2642 | 00:44:02,040 ~-~-> 00:44:07,620 | ||
2643 | block here sells off jams up into it one more time. Doesn't | ||
2644 | |||
2645 | 662 | ||
2646 | 00:44:07,620 ~-~-> 00:44:13,950 | ||
2647 | trade above it and breaks down here. I had this series of | ||
2648 | |||
2649 | 663 | ||
2650 | 00:44:13,950 ~-~-> 00:44:17,400 | ||
2651 | two candles here I had outlined right there. What I was | ||
2652 | |||
2653 | 664 | ||
2654 | 00:44:17,400 ~-~-> 00:44:21,630 | ||
2655 | looking at was this low but I was anchoring it with this | ||
2656 | |||
2657 | 665 | ||
2658 | 00:44:21,630 ~-~-> 00:44:24,750 | ||
2659 | because this is last two candles that were up prior this | ||
2660 | |||
2661 | 666 | ||
2662 | 00:44:24,750 ~-~-> 00:44:30,720 | ||
2663 | move down. Let me get this off here. That's a bearish order | ||
2664 | |||
2665 | 667 | ||
2666 | 00:44:30,720 ~-~-> 00:44:34,410 | ||
2667 | block. But this low is another breaker it's a larger | ||
2668 | |||
2669 | 668 | ||
2670 | 00:44:34,410 ~-~-> 00:44:38,640 | ||
2671 | breaker. But it's layered said that's what makes these types | ||
2672 | |||
2673 | 669 | ||
2674 | 00:44:38,640 ~-~-> 00:44:40,830 | ||
2675 | of setups in here a little bit more difficult. We have | ||
2676 | |||
2677 | 670 | ||
2678 | 00:44:40,830 ~-~-> 00:44:44,820 | ||
2679 | multiple levels of re accumulation each have to be a little | ||
2680 | |||
2681 | 671 | ||
2682 | 00:44:44,820 ~-~-> 00:44:47,880 | ||
2683 | bit more willing to let it trade against you deeper than you | ||
2684 | |||
2685 | 672 | ||
2686 | 00:44:47,880 ~-~-> 00:44:52,140 | ||
2687 | would probably like to see it. But I factored all that in | ||
2688 | |||
2689 | 673 | ||
2690 | 00:44:52,140 ~-~-> 00:44:56,460 | ||
2691 | when I rotated my stop lower. And you can see it got real | ||
2692 | |||
2693 | 674 | ||
2694 | 00:44:56,460 ~-~-> 00:44:59,070 | ||
2695 | close to my stop but it did not stop me if it stopped me. No | ||
2696 | |||
2697 | 675 | ||
2698 | 00:44:59,070 ~-~-> 00:45:02,670 | ||
2699 | big deal. would have went in with another entry and still | ||
2700 | |||
2701 | 676 | ||
2702 | 00:45:02,670 ~-~-> 00:45:07,560 | ||
2703 | captured that low. But this run here, when it breaks down, | ||
2704 | |||
2705 | 677 | ||
2706 | 00:45:08,430 ~-~-> 00:45:12,090 | ||
2707 | this right here is another optimal trade entry. This could | ||
2708 | |||
2709 | 678 | ||
2710 | 00:45:12,090 ~-~-> 00:45:18,510 | ||
2711 | be another entry for you. If you understand that we're | ||
2712 | |||
2713 | 679 | ||
2714 | 00:45:18,510 ~-~-> 00:45:22,920 | ||
2715 | likely to attack the sell side liquidity below that low. | ||
2716 | |||
2717 | 680 | ||
2718 | 00:45:23,850 ~-~-> 00:45:26,490 | ||
2719 | Why? Because we're in a current, we're in a large | ||
2720 | |||
2721 | 681 | ||
2722 | 00:45:26,490 ~-~-> 00:45:33,300 | ||
2723 | consolidation. And cables already dropped a lot. So I'm not | ||
2724 | |||
2725 | 682 | ||
2726 | 00:45:33,300 ~-~-> 00:45:35,730 | ||
2727 | trying to do too big breakout on the upside, or the | ||
2728 | |||
2729 | 683 | ||
2730 | 00:45:35,730 ~-~-> 00:45:38,280 | ||
2731 | downside, it's just going to probably stay inside the range. | ||
2732 | |||
2733 | 684 | ||
2734 | 00:45:39,570 ~-~-> 00:45:43,500 | ||
2735 | Breaks below it a little bit here. With this run on this | ||
2736 | |||
2737 | 685 | ||
2738 | 00:45:43,500 ~-~-> 00:45:50,130 | ||
2739 | candle there, does it go significantly lower? No, just | ||
2740 | |||
2741 | 686 | ||
2742 | 00:45:50,430 ~-~-> 00:45:55,920 | ||
2743 | beneath a little bit, and then all this. And then we went to | ||
2744 | |||
2745 | 687 | ||
2746 | 00:45:55,920 ~-~-> 00:46:03,750 | ||
2747 | sideways consolidation, that close. Power three in | ||
2748 | |||
2749 | 688 | ||
2750 | 00:46:03,750 ~-~-> 00:46:09,810 | ||
2751 | consolidation isn't going to be open, down, make the low the | ||
2752 | |||
2753 | 689 | ||
2754 | 00:46:09,810 ~-~-> 00:46:13,260 | ||
2755 | day, up, and then close near the high of the day. That's a | ||
2756 | |||
2757 | 690 | ||
2758 | 00:46:13,260 ~-~-> 00:46:19,290 | ||
2759 | bullish power three, classic buy day. If I'm bearish, which | ||
2760 | |||
2761 | 691 | ||
2762 | 00:46:19,410 ~-~-> 00:46:23,370 | ||
2763 | I've been on cable, I'm not suggesting that we're opening | ||
2764 | |||
2765 | 692 | ||
2766 | 00:46:23,370 ~-~-> 00:46:26,100 | ||
2767 | and making the high of the day in London and going down on | ||
2768 | |||
2769 | 693 | ||
2770 | 00:46:26,100 ~-~-> 00:46:29,310 | ||
2771 | this day, because it's already rallied. I slept through | ||
2772 | |||
2773 | 694 | ||
2774 | 00:46:29,310 ~-~-> 00:46:34,320 | ||
2775 | London last night, I sat down in front of my computer, about | ||
2776 | |||
2777 | 695 | ||
2778 | 00:46:34,320 ~-~-> 00:46:39,600 | ||
2779 | five minutes before you saw the recording start. Here's what | ||
2780 | |||
2781 | 696 | ||
2782 | 00:46:39,600 ~-~-> 00:46:43,620 | ||
2783 | we are attacking. It runs the liquidity above the old high, | ||
2784 | |||
2785 | 697 | ||
2786 | 00:46:44,040 ~-~-> 00:46:49,140 | ||
2787 | when it does that find the low prior to that. That low is | ||
2788 | |||
2789 | 698 | ||
2790 | 00:46:49,140 ~-~-> 00:46:51,810 | ||
2791 | the one that has to be broken in until it does market | ||
2792 | |||
2793 | 699 | ||
2794 | 00:46:51,810 ~-~-> 00:46:56,490 | ||
2795 | structure is not broken. period when it breaks, and you have | ||
2796 | |||
2797 | 700 | ||
2798 | 00:46:56,490 ~-~-> 00:47:00,030 | ||
2799 | a narrative, which is we've taken liquidity out and we're | ||
2800 | |||
2801 | 701 | ||
2802 | 00:47:00,030 ~-~-> 00:47:02,730 | ||
2803 | going to consolidation, it's likely pull back into the | ||
2804 | |||
2805 | 702 | ||
2806 | 00:47:02,730 ~-~-> 00:47:05,190 | ||
2807 | range, what's the range, the initial | ||
2808 | |||
2809 | 703 | ||
2810 | 00:47:05,190 ~-~-> 00:47:08,520 | ||
2811 | low the day in London to the high that's formed, it's going | ||
2812 | |||
2813 | 704 | ||
2814 | 00:47:08,520 ~-~-> 00:47:12,540 | ||
2815 | to trade all the way down. And just below that low, clearing | ||
2816 | |||
2817 | 705 | ||
2818 | 00:47:12,540 ~-~-> 00:47:14,760 | ||
2819 | out the cells of liquidity. That's the market maker sell | ||
2820 | |||
2821 | 706 | ||
2822 | 00:47:14,760 ~-~-> 00:47:19,650 | ||
2823 | model. That's not like off. Okay, it's a repeating pattern. | ||
2824 | |||
2825 | 707 | ||
2826 | 00:47:19,680 ~-~-> 00:47:23,070 | ||
2827 | It does it all the time every single week doesn't have | ||
2828 | |||
2829 | 708 | ||
2830 | 00:47:23,070 ~-~-> 00:47:26,400 | ||
2831 | multiple timeframes. And I can see them multiple times in a | ||
2832 | |||
2833 | 709 | ||
2834 | 00:47:26,400 ~-~-> 00:47:30,150 | ||
2835 | month in a five minute chart. Lots of setups, I'm never | ||
2836 | |||
2837 | 710 | ||
2838 | 00:47:30,150 ~-~-> 00:47:33,360 | ||
2839 | short one trades, I know where they're going to form. I know | ||
2840 | |||
2841 | 711 | ||
2842 | 00:47:33,360 ~-~-> 00:47:35,430 | ||
2843 | what time they're going to form, you know what time they're | ||
2844 | |||
2845 | 712 | ||
2846 | 00:47:35,430 ~-~-> 00:47:39,120 | ||
2847 | going to form. The thing what you're doing is you're trying | ||
2848 | |||
2849 | 713 | ||
2850 | 00:47:39,120 ~-~-> 00:47:43,380 | ||
2851 | to find an optimal trade entry in everything. Okay. And it's | ||
2852 | |||
2853 | 714 | ||
2854 | 00:47:43,380 ~-~-> 00:47:47,070 | ||
2855 | not that easy. You have to have elements that support a | ||
2856 | |||
2857 | 715 | ||
2858 | 00:47:47,070 ~-~-> 00:47:51,630 | ||
2859 | narrative. Should it be a bullish day into London? clothes? | ||
2860 | |||
2861 | 716 | ||
2862 | 00:47:51,660 ~-~-> 00:47:55,320 | ||
2863 | Or should it be a bearish move into London clothes? Is it | ||
2864 | |||
2865 | 717 | ||
2866 | 00:47:55,320 ~-~-> 00:47:58,200 | ||
2867 | going to be a market reversal profile in New York? That | ||
2868 | |||
2869 | 718 | ||
2870 | 00:47:58,200 ~-~-> 00:48:01,020 | ||
2871 | makes the high of the day? Or does it make a low of the day | ||
2872 | |||
2873 | 719 | ||
2874 | 00:48:01,050 ~-~-> 00:48:04,980 | ||
2875 | market reversal profile in New York? Or does it do a classic | ||
2876 | |||
2877 | 720 | ||
2878 | 00:48:05,670 ~-~-> 00:48:11,910 | ||
2879 | London high the day, London close low of the day. Or London | ||
2880 | |||
2881 | 721 | ||
2882 | 00:48:11,910 ~-~-> 00:48:19,140 | ||
2883 | low the day and London high the day. Sounds more complicated | ||
2884 | |||
2885 | 722 | ||
2886 | 00:48:19,140 ~-~-> 00:48:21,690 | ||
2887 | than you thought it was going to be, huh. That's why I tell | ||
2888 | |||
2889 | 723 | ||
2890 | 00:48:21,690 ~-~-> 00:48:24,570 | ||
2891 | you, you need to learn from someone that knows what they're | ||
2892 | |||
2893 | 724 | ||
2894 | 00:48:24,570 ~-~-> 00:48:29,100 | ||
2895 | doing. I got a lot of experience, folks. And I love sharing | ||
2896 | |||
2897 | 725 | ||
2898 | 00:48:29,100 ~-~-> 00:48:32,100 | ||
2899 | this stuff. But if you're not going to put the work into it, | ||
2900 | |||
2901 | 726 | ||
2902 | 00:48:32,340 ~-~-> 00:48:35,940 | ||
2903 | and admit going in that you're going to have to work a lot. | ||
2904 | |||
2905 | 727 | ||
2906 | 00:48:36,450 ~-~-> 00:48:42,630 | ||
2907 | You got to study a lot. But when you learn this, this is | ||
2908 | |||
2909 | 728 | ||
2910 | 00:48:43,140 ~-~-> 00:48:51,540 | ||
2911 | power. This is confidence. This is legacy building. Because | ||
2912 | |||
2913 | 729 | ||
2914 | 00:48:52,200 ~-~-> 00:48:56,520 | ||
2915 | I don't care about ever getting a job ever again. I don't | ||
2916 | |||
2917 | 730 | ||
2918 | 00:48:56,520 ~-~-> 00:48:59,730 | ||
2919 | worry about ever going into a position where I need to get a | ||
2920 | |||
2921 | 731 | ||
2922 | 00:48:59,730 ~-~-> 00:49:04,080 | ||
2923 | job. This skill set, I could put myself into any large | ||
2924 | |||
2925 | 732 | ||
2926 | 00:49:04,080 ~-~-> 00:49:07,740 | ||
2927 | institutional firm like that. And believe me if I said in an | ||
2928 | |||
2929 | 733 | ||
2930 | 00:49:07,800 ~-~-> 00:49:11,340 | ||
2931 | open statement on social media, I'm ready for ready to be | ||
2932 | |||
2933 | 734 | ||
2934 | 00:49:11,340 ~-~-> 00:49:15,120 | ||
2935 | hired. Man, my phone would ring off the hook because my | ||
2936 | |||
2937 | 735 | ||
2938 | 00:49:15,120 ~-~-> 00:49:20,520 | ||
2939 | phone's public. Everybody seen it on Instagram. If you get | ||
2940 | |||
2941 | 736 | ||
2942 | 00:49:20,520 ~-~-> 00:49:22,800 | ||
2943 | this skill set, it doesn't matter if you have a lot of money | ||
2944 | |||
2945 | 737 | ||
2946 | 00:49:22,800 ~-~-> 00:49:25,140 | ||
2947 | right now you don't need a lot of money. Because if you | ||
2948 | |||
2949 | 738 | ||
2950 | 00:49:25,140 ~-~-> 00:49:29,970 | ||
2951 | learn how to do this, and you can do it well manage risk, | ||
2952 | |||
2953 | 739 | ||
2954 | 00:49:30,060 ~-~-> 00:49:35,490 | ||
2955 | well, you will be able to find money, it will fall into your | ||
2956 | |||
2957 | 740 | ||
2958 | 00:49:35,490 ~-~-> 00:49:39,570 | ||
2959 | lap. People will shove it in your face and say please help | ||
2960 | |||
2961 | 741 | ||
2962 | 00:49:39,570 ~-~-> 00:49:45,060 | ||
2963 | me because you'll have a skill set that so little on this | ||
2964 | |||
2965 | 742 | ||
2966 | 00:49:45,060 ~-~-> 00:49:51,630 | ||
2967 | spinning rock have but you're all in a rush. You're in such | ||
2968 | |||
2969 | 743 | ||
2970 | 00:49:51,630 ~-~-> 00:49:54,720 | ||
2971 | a rush. And I know I was in a rush to I hated where I was at | ||
2972 | |||
2973 | 744 | ||
2974 | 00:49:56,190 ~-~-> 00:50:00,780 | ||
2975 | working for a living sucked but when you Learn how to do | ||
2976 | |||
2977 | 745 | ||
2978 | 00:50:00,780 ~-~-> 00:50:07,890 | ||
2979 | this. And you control yourself and you manage yourself and | ||
2980 | |||
2981 | 746 | ||
2982 | 00:50:07,890 ~-~-> 00:50:12,270 | ||
2983 | your expectations. When you do that, you control a master | ||
2984 | |||
2985 | 747 | ||
2986 | 00:50:12,270 ~-~-> 00:50:16,230 | ||
2987 | fear and greed. I'm not afraid of missing moves, when | ||
2988 | |||
2989 | 748 | ||
2990 | 00:50:16,230 ~-~-> 00:50:18,900 | ||
2991 | they're going to occur again, I know what they look like. | ||
2992 | |||
2993 | 749 | ||
2994 | 00:50:18,900 ~-~-> 00:50:22,260 | ||
2995 | It's like a bus. And I know the bus schedule. I know the | ||
2996 | |||
2997 | 750 | ||
2998 | 00:50:22,260 ~-~-> 00:50:24,930 | ||
2999 | times the days of the week, they're gonna come around, they | ||
3000 | |||
3001 | 751 | ||
3002 | 00:50:24,930 ~-~-> 00:50:29,610 | ||
3003 | might be a little late, like a record bus would be. But I | ||
3004 | |||
3005 | 752 | ||
3006 | 00:50:29,610 ~-~-> 00:50:33,090 | ||
3007 | know when they're coming in, if I miss it, no problem. I was | ||
3008 | |||
3009 | 753 | ||
3010 | 00:50:33,090 ~-~-> 00:50:36,930 | ||
3011 | hanging around. I'll catch the next one. Think about that | ||
3012 | |||
3013 | 754 | ||
3014 | 00:50:36,960 ~-~-> 00:50:42,330 | ||
3015 | logic, if you lose your job, how fast? And how easy would it | ||
3016 | |||
3017 | 755 | ||
3018 | 00:50:42,330 ~-~-> 00:50:45,510 | ||
3019 | be for you to replace your job and the income that you get | ||
3020 | |||
3021 | 756 | ||
3022 | 00:50:45,510 ~-~-> 00:50:49,710 | ||
3023 | from it? For some of you, it's probably not a big deal. | ||
3024 | |||
3025 | 757 | ||
3026 | 00:50:49,710 ~-~-> 00:50:51,840 | ||
3027 | Because you're professionals, you have a skill set, maybe | ||
3028 | |||
3029 | 758 | ||
3030 | 00:50:51,840 ~-~-> 00:50:54,540 | ||
3031 | you're a doctor, maybe you're a lawyer or something to that | ||
3032 | |||
3033 | 759 | ||
3034 | 00:50:54,540 ~-~-> 00:51:00,960 | ||
3035 | effect, engineer. But working class folks like I was back in | ||
3036 | |||
3037 | 760 | ||
3038 | 00:51:00,960 ~-~-> 00:51:07,140 | ||
3039 | the 90s. I didn't really have high paying jobs. And the jobs | ||
3040 | |||
3041 | 761 | ||
3042 | 00:51:07,140 ~-~-> 00:51:10,770 | ||
3043 | that I had, I didn't really have skill sets. I was just | ||
3044 | |||
3045 | 762 | ||
3046 | 00:51:10,770 ~-~-> 00:51:16,590 | ||
3047 | doing regular jobs, filling vending machines delivering | ||
3048 | |||
3049 | 763 | ||
3050 | 00:51:16,590 ~-~-> 00:51:25,500 | ||
3051 | pizza. When you have this skill set, you aren't going to | ||
3052 | |||
3053 | 764 | ||
3054 | 00:51:25,500 ~-~-> 00:51:31,260 | ||
3055 | sleep at night thinking what am I going to do tomorrow, I'm | ||
3056 | |||
3057 | 765 | ||
3058 | 00:51:31,260 ~-~-> 00:51:34,410 | ||
3059 | afraid I'm going to lose my job. I'm afraid I'm not going to | ||
3060 | |||
3061 | 766 | ||
3062 | 00:51:34,530 ~-~-> 00:51:41,100 | ||
3063 | pay my bills, I'm afraid I'm going to lose my house. That's | ||
3064 | |||
3065 | 767 | ||
3066 | 00:51:41,370 ~-~-> 00:51:44,640 | ||
3067 | what I want my students to conquer. I'm not trying to sell | ||
3068 | |||
3069 | 768 | ||
3070 | 00:51:44,640 ~-~-> 00:51:47,550 | ||
3071 | you the idea you're getting rich, because you'll figure out | ||
3072 | |||
3073 | 769 | ||
3074 | 00:51:47,550 ~-~-> 00:51:51,600 | ||
3075 | on your own. If that's what you want to do with this. All I | ||
3076 | |||
3077 | 770 | ||
3078 | 00:51:51,600 ~-~-> 00:51:54,150 | ||
3079 | want you to do is figure out how to take some of that burden | ||
3080 | |||
3081 | 771 | ||
3082 | 00:51:54,150 ~-~-> 00:51:58,830 | ||
3083 | of debt and fear away. Because once you have that one thing | ||
3084 | |||
3085 | 772 | ||
3086 | 00:51:58,830 ~-~-> 00:51:59,310 | ||
3087 | happen. | ||
3088 | |||
3089 | 773 | ||
3090 | 00:52:01,380 ~-~-> 00:52:08,790 | ||
3091 | Nothing stands in your way. Nothing. No scary thought. No | ||
3092 | |||
3093 | 774 | ||
3094 | 00:52:08,790 ~-~-> 00:52:12,930 | ||
3095 | person doubting, you know, family members saying you're | ||
3096 | |||
3097 | 775 | ||
3098 | 00:52:12,930 ~-~-> 00:52:17,340 | ||
3099 | living a pipe dream. All of those things are going to be | ||
3100 | |||
3101 | 776 | ||
3102 | 00:52:17,340 ~-~-> 00:52:19,740 | ||
3103 | like water on a duck's back, you're not going to be affected | ||
3104 | |||
3105 | 777 | ||
3106 | 00:52:19,740 ~-~-> 00:52:23,670 | ||
3107 | by it, because you'll see the effects of doing this. And the | ||
3108 | |||
3109 | 778 | ||
3110 | 00:52:24,060 ~-~-> 00:52:29,910 | ||
3111 | consistency and continuity that you can grow into. And I | ||
3112 | |||
3113 | 779 | ||
3114 | 00:52:29,910 ~-~-> 00:52:33,810 | ||
3115 | can't put it in words, I can't, I could talk and talk and | ||
3116 | |||
3117 | 780 | ||
3118 | 00:52:33,810 ~-~-> 00:52:37,950 | ||
3119 | talk and talk and talk. And it won't even come close to the | ||
3120 | |||
3121 | 781 | ||
3122 | 00:52:37,950 ~-~-> 00:52:41,130 | ||
3123 | feeling of knowing what it's like to have the lottery | ||
3124 | |||
3125 | 782 | ||
3126 | 00:52:41,130 ~-~-> 00:52:48,930 | ||
3127 | numbers every single day. Think about it, you're going to be | ||
3128 | |||
3129 | 783 | ||
3130 | 00:52:48,930 ~-~-> 00:52:51,750 | ||
3131 | walking around, and people are gonna look at you and they're | ||
3132 | |||
3133 | 784 | ||
3134 | 00:52:51,750 ~-~-> 00:52:54,810 | ||
3135 | gonna not, they're not going to know that you know this. And | ||
3136 | |||
3137 | 785 | ||
3138 | 00:52:54,810 ~-~-> 00:52:57,930 | ||
3139 | I do this every day, when I'm out with my wife, I'm out with | ||
3140 | |||
3141 | 786 | ||
3142 | 00:52:58,260 ~-~-> 00:53:03,480 | ||
3143 | you, my boys or myself. And I'm looking around and all these | ||
3144 | |||
3145 | 787 | ||
3146 | 00:53:03,480 ~-~-> 00:53:06,330 | ||
3147 | people are working their jobs. I used to do that stuff too. | ||
3148 | |||
3149 | 788 | ||
3150 | 00:53:06,930 ~-~-> 00:53:12,360 | ||
3151 | And while I'm walking around inside my phone, these little | ||
3152 | |||
3153 | 789 | ||
3154 | 00:53:12,360 ~-~-> 00:53:18,780 | ||
3155 | things are making bars. And that makes me money. Because | ||
3156 | |||
3157 | 790 | ||
3158 | 00:53:18,780 ~-~-> 00:53:22,350 | ||
3159 | I've either told that it was going to go higher, or it's | ||
3160 | |||
3161 | 791 | ||
3162 | 00:53:22,350 ~-~-> 00:53:28,770 | ||
3163 | going to go lower in executing with that framework. And my | ||
3164 | |||
3165 | 792 | ||
3166 | 00:53:28,770 ~-~-> 00:53:33,840 | ||
3167 | students are learning that skill set. It's transferable. So | ||
3168 | |||
3169 | 793 | ||
3170 | 00:53:34,080 ~-~-> 00:53:37,110 | ||
3171 | when you have an understanding what price is likely to do, | ||
3172 | |||
3173 | 794 | ||
3174 | 00:53:38,970 ~-~-> 00:53:43,170 | ||
3175 | you're not trying to figure out what the next guy's doing or | ||
3176 | |||
3177 | 795 | ||
3178 | 00:53:43,170 ~-~-> 00:53:46,230 | ||
3179 | how much they're doing. You're not trying to figure out what | ||
3180 | |||
3181 | 796 | ||
3182 | 00:53:46,230 ~-~-> 00:53:49,890 | ||
3183 | indicator what setting they have, or what other timeframe | ||
3184 | |||
3185 | 797 | ||
3186 | 00:53:50,040 ~-~-> 00:53:53,400 | ||
3187 | you're operating in that timeframe you're looking at. And | ||
3188 | |||
3189 | 798 | ||
3190 | 00:53:53,400 ~-~-> 00:53:57,030 | ||
3191 | what does that timeframe offer in terms of framework? You | ||
3192 | |||
3193 | 799 | ||
3194 | 00:53:57,030 ~-~-> 00:54:05,640 | ||
3195 | saw it today. So I'm going to take all this off and I'm | ||
3196 | |||
3197 | 800 | ||
3198 | 00:54:05,640 ~-~-> 00:54:16,410 | ||
3199 | gonna put it into an hourly chart. And you can see there's | ||
3200 | |||
3201 | 801 | ||
3202 | 00:54:16,410 ~-~-> 00:54:21,900 | ||
3203 | that old high what's the high 129 19 and three pets. It | ||
3204 | |||
3205 | 802 | ||
3206 | 00:54:21,900 ~-~-> 00:54:26,280 | ||
3207 | trades above that during a market consolidation. So running | ||
3208 | |||
3209 | 803 | ||
3210 | 00:54:26,280 ~-~-> 00:54:29,580 | ||
3211 | above this high here that's running out by side liquidity or | ||
3212 | |||
3213 | 804 | ||
3214 | 00:54:29,580 ~-~-> 00:54:32,700 | ||
3215 | by stops interbank traders are gonna go short above that | ||
3216 | |||
3217 | 805 | ||
3218 | 00:54:32,730 ~-~-> 00:54:36,330 | ||
3219 | right there. And we're not looking for to go right here. | ||
3220 | |||
3221 | 806 | ||
3222 | 00:54:36,870 ~-~-> 00:54:39,600 | ||
3223 | We're not looking for to go right here. We're just working | ||
3224 | |||
3225 | 807 | ||
3226 | 00:54:39,600 ~-~-> 00:54:43,860 | ||
3227 | inside the range. This low was formed in London. And it's | ||
3228 | |||
3229 | 808 | ||
3230 | 00:54:43,860 ~-~-> 00:54:47,760 | ||
3231 | all you got to worry about. Simple, even if it didn't take | ||
3232 | |||
3233 | 809 | ||
3234 | 00:54:47,760 ~-~-> 00:54:48,600 | ||
3235 | out that low. | ||
3236 | |||
3237 | 810 | ||
3238 | 00:54:55,980 ~-~-> 00:54:59,220 | ||
3239 | My target right here was enough to pay me 20 pips and that's | ||
3240 | |||
3241 | 811 | ||
3242 | 00:54:59,220 ~-~-> 00:55:04,110 | ||
3243 | what I banked pips. So even if it stopped me out, I took 20 | ||
3244 | |||
3245 | 812 | ||
3246 | 00:55:04,110 ~-~-> 00:55:08,010 | ||
3247 | pips. If I did this every single day, or if you did this | ||
3248 | |||
3249 | 813 | ||
3250 | 00:55:08,040 ~-~-> 00:55:11,250 | ||
3251 | every single day, and you took 20 pips and it never went to | ||
3252 | |||
3253 | 814 | ||
3254 | 00:55:11,250 ~-~-> 00:55:17,100 | ||
3255 | your target, are you a failure? If you put your trades on | ||
3256 | |||
3257 | 815 | ||
3258 | 00:55:17,130 ~-~-> 00:55:19,560 | ||
3259 | social media, everyone will come out and say, you don't have | ||
3260 | |||
3261 | 816 | ||
3262 | 00:55:19,560 ~-~-> 00:55:21,540 | ||
3263 | to trade it, never hit your targets and never hit your | ||
3264 | |||
3265 | 817 | ||
3266 | 00:55:21,540 ~-~-> 00:55:23,730 | ||
3267 | targets and never hit your targets. But the whole time your | ||
3268 | |||
3269 | 818 | ||
3270 | 00:55:23,730 ~-~-> 00:55:27,990 | ||
3271 | bottom line is growing. Why are you listening? These people, | ||
3272 | |||
3273 | 819 | ||
3274 | 00:55:28,830 ~-~-> 00:55:31,920 | ||
3275 | they can't trade. If they could trade, they wouldn't be so | ||
3276 | |||
3277 | 820 | ||
3278 | 00:55:31,920 ~-~-> 00:55:35,490 | ||
3279 | negative and talk about other people. They would be doing it | ||
3280 | |||
3281 | 821 | ||
3282 | 00:55:37,080 ~-~-> 00:55:40,320 | ||
3283 | simple core showing you that they're doing it. And they're | ||
3284 | |||
3285 | 822 | ||
3286 | 00:55:40,320 ~-~-> 00:55:43,590 | ||
3287 | not. So why are you listening to these people? Why don't you | ||
3288 | |||
3289 | 823 | ||
3290 | 00:55:43,590 ~-~-> 00:55:49,080 | ||
3291 | letting other people drive your destiny? Who's steering you | ||
3292 | |||
3293 | 824 | ||
3294 | 00:55:49,080 ~-~-> 00:55:52,260 | ||
3295 | are, or everyone else? Because I'm gonna tell you that right | ||
3296 | |||
3297 | 825 | ||
3298 | 00:55:52,260 ~-~-> 00:55:56,970 | ||
3299 | now. I kicked my family and my friends, and my bosses out of | ||
3300 | |||
3301 | 826 | ||
3302 | 00:55:56,970 ~-~-> 00:56:01,470 | ||
3303 | the driver's seat. When I was younger man. This is my life, | ||
3304 | |||
3305 | 827 | ||
3306 | 00:56:02,220 ~-~-> 00:56:07,560 | ||
3307 | my destiny. And I'm not trusting it to anyone. Anyone, and | ||
3308 | |||
3309 | 828 | ||
3310 | 00:56:07,560 ~-~-> 00:56:11,310 | ||
3311 | especially those individuals that doubt me. If you're gonna | ||
3312 | |||
3313 | 829 | ||
3314 | 00:56:11,310 ~-~-> 00:56:13,800 | ||
3315 | say I can't do something, I'm going to find 12 ways where I | ||
3316 | |||
3317 | 830 | ||
3318 | 00:56:13,800 ~-~-> 00:56:18,840 | ||
3319 | can prove to you I can and I will do it. Do you have that | ||
3320 | |||
3321 | 831 | ||
3322 | 00:56:18,840 ~-~-> 00:56:27,390 | ||
3323 | tenaciousness? Are you that tenacious? Are you ready to say, | ||
3324 | |||
3325 | 832 | ||
3326 | 00:56:28,110 ~-~-> 00:56:32,550 | ||
3327 | I'm willing to love you from a distance to your family? I'm | ||
3328 | |||
3329 | 833 | ||
3330 | 00:56:32,550 ~-~-> 00:56:34,770 | ||
3331 | not saying put your middle finger up and tell them to go f | ||
3332 | |||
3333 | 834 | ||
3334 | 00:56:34,770 ~-~-> 00:56:40,800 | ||
3335 | themselves. Okay, not to be crude. But it's not necessary to | ||
3336 | |||
3337 | 835 | ||
3338 | 00:56:40,800 ~-~-> 00:56:44,730 | ||
3339 | do that. They're not going to believe you until you arrive. | ||
3340 | |||
3341 | 836 | ||
3342 | 00:56:45,150 ~-~-> 00:56:49,170 | ||
3343 | And I'm telling you when you arrive, everyone's going to be | ||
3344 | |||
3345 | 837 | ||
3346 | 00:56:49,170 ~-~-> 00:56:54,690 | ||
3347 | asking you, everyone, how'd you do it. And you'll never hear | ||
3348 | |||
3349 | 838 | ||
3350 | 00:56:54,690 ~-~-> 00:56:59,520 | ||
3351 | anybody say, that guy or that gal. He or she isn't doing | ||
3352 | |||
3353 | 839 | ||
3354 | 00:56:59,520 ~-~-> 00:57:01,350 | ||
3355 | this doing that. They're all gonna be like, I don't know | ||
3356 | |||
3357 | 840 | ||
3358 | 00:57:01,350 ~-~-> 00:57:03,780 | ||
3359 | what he's doing. I wish I would have listened to them back | ||
3360 | |||
3361 | 841 | ||
3362 | 00:57:03,780 ~-~-> 00:57:08,460 | ||
3363 | when so and so. And all of a sudden, your opinion about | ||
3364 | |||
3365 | 842 | ||
3366 | 00:57:08,460 ~-~-> 00:57:11,280 | ||
3367 | things you don't even know about mean something to everyone? | ||
3368 | |||
3369 | 843 | ||
3370 | 00:57:12,690 ~-~-> 00:57:15,840 | ||
3371 | That's what happened with me. I get questioned all the time. | ||
3372 | |||
3373 | 844 | ||
3374 | 00:57:15,840 ~-~-> 00:57:17,910 | ||
3375 | Hey, what do you think about this? And that? I don't know. | ||
3376 | |||
3377 | 845 | ||
3378 | 00:57:18,690 ~-~-> 00:57:22,920 | ||
3379 | All I know about is these, these candles. I don't know | ||
3380 | |||
3381 | 846 | ||
3382 | 00:57:22,920 ~-~-> 00:57:26,160 | ||
3383 | anything else. That's all I've been doing all my life. But | ||
3384 | |||
3385 | 847 | ||
3386 | 00:57:26,850 ~-~-> 00:57:31,560 | ||
3387 | people, God bless them. Think I'm much more intellectual | ||
3388 | |||
3389 | 848 | ||
3390 | 00:57:31,560 ~-~-> 00:57:34,530 | ||
3391 | than I really am. I'm not that smart folks. I don't claim to | ||
3392 | |||
3393 | 849 | ||
3394 | 00:57:34,530 ~-~-> 00:57:41,070 | ||
3395 | be a mental giant. I am average Joe. Damn, the guy that I | ||
3396 | |||
3397 | 850 | ||
3398 | 00:57:41,070 ~-~-> 00:57:43,230 | ||
3399 | was talking about in this tutorial on this YouTube channel. | ||
3400 | |||
3401 | 851 | ||
3402 | 00:57:44,700 ~-~-> 00:57:50,190 | ||
3403 | I just was blessed by a real God. And if that upsets you, or | ||
3404 | |||
3405 | 852 | ||
3406 | 00:57:50,190 ~-~-> 00:57:52,710 | ||
3407 | if offends you, or if it doesn't align with your belief | ||
3408 | |||
3409 | 853 | ||
3410 | 00:57:52,710 ~-~-> 00:57:58,230 | ||
3411 | system, I understand. But that's how I got here. And I | ||
3412 | |||
3413 | 854 | ||
3414 | 00:57:58,230 ~-~-> 00:58:01,440 | ||
3415 | promised that I would spend the rest of my life as long as | ||
3416 | |||
3417 | 855 | ||
3418 | 00:58:01,440 ~-~-> 00:58:03,990 | ||
3419 | you put breath in my lungs and the ability to keep my mental | ||
3420 | |||
3421 | 856 | ||
3422 | 00:58:03,990 ~-~-> 00:58:12,000 | ||
3423 | faculties. I would teach it. This is my legacy. This is my | ||
3424 | |||
3425 | 857 | ||
3426 | 00:58:12,000 ~-~-> 00:58:17,850 | ||
3427 | passion. This is my hobby. And this is my life. You can | ||
3428 | |||
3429 | 858 | ||
3430 | 00:58:17,850 ~-~-> 00:58:20,940 | ||
3431 | either learn from it, or just don't ever watch the videos. | ||
3432 | |||
3433 | 859 | ||
3434 | 00:58:20,940 ~-~-> 00:58:25,170 | ||
3435 | Again, nothing forces you to come back here. But I promise. | ||
3436 | |||
3437 | 860 | ||
3438 | 00:58:25,650 ~-~-> 00:58:29,550 | ||
3439 | If you spend time here, it's going to change you. And it's | ||
3440 | |||
3441 | 861 | ||
3442 | 00:58:29,550 ~-~-> 00:58:35,130 | ||
3443 | not a cult. Nothing keeps you here. You can make this into | ||
3444 | |||
3445 | 862 | ||
3446 | 00:58:35,130 ~-~-> 00:58:39,960 | ||
3447 | something that chance forms your entire family tree. You | ||
3448 | |||
3449 | 863 | ||
3450 | 00:58:39,960 ~-~-> 00:58:41,850 | ||
3451 | don't need to trade it in forex. You can trade it in the | ||
3452 | |||
3453 | 864 | ||
3454 | 00:58:41,850 ~-~-> 00:58:44,280 | ||
3455 | stock market. All these things work in the stock market too. | ||
3456 | |||
3457 | 865 | ||
3458 | 00:58:45,150 ~-~-> 00:58:50,700 | ||
3459 | You can trade indices. You can trade commodities. metals. | ||
3460 | |||
3461 | 866 | ||
3462 | 00:58:52,470 ~-~-> 00:58:56,700 | ||
3463 | Listen, folks, you're not learning one trick. Okay? You're | ||
3464 | |||
3465 | 867 | ||
3466 | 00:58:56,700 ~-~-> 00:59:00,630 | ||
3467 | not one gimmick. You're learning how the markets really | ||
3468 | |||
3469 | 868 | ||
3470 | 00:59:00,780 ~-~-> 00:59:05,280 | ||
3471 | book. What makes a move? Where do they go? Why are they | ||
3472 | |||
3473 | 869 | ||
3474 | 00:59:05,280 ~-~-> 00:59:08,850 | ||
3475 | going there? Why should it reverse? When will these moves | ||
3476 | |||
3477 | 870 | ||
3478 | 00:59:08,850 ~-~-> 00:59:13,110 | ||
3479 | occur? If all these markets were random, why did they happen | ||
3480 | |||
3481 | 871 | ||
3482 | 00:59:13,170 ~-~-> 00:59:17,310 | ||
3483 | to have all these repeating phenomenon and setups around the | ||
3484 | |||
3485 | 872 | ||
3486 | 00:59:17,310 ~-~-> 00:59:18,870 | ||
3487 | same time window I'm teaching you | ||
3488 | |||
3489 | 873 | ||
3490 | 00:59:21,480 ~-~-> 00:59:24,840 | ||
3491 | It's nonsense when you hear these people say it's it's just | ||
3492 | |||
3493 | 874 | ||
3494 | 00:59:24,840 ~-~-> 00:59:28,740 | ||
3495 | noise on these intraday charts. You can't find any supply | ||
3496 | |||
3497 | 875 | ||
3498 | 00:59:28,740 ~-~-> 00:59:33,240 | ||
3499 | and demand factors. I agree. I agree. You can't, because | ||
3500 | |||
3501 | 876 | ||
3502 | 00:59:33,240 ~-~-> 00:59:36,180 | ||
3503 | that's not what makes the markets move. You have to | ||
3504 | |||
3505 | 877 | ||
3506 | 00:59:36,180 ~-~-> 00:59:38,940 | ||
3507 | understand what these algorithms are doing. Because that's | ||
3508 | |||
3509 | 878 | ||
3510 | 00:59:38,940 ~-~-> 00:59:41,610 | ||
3511 | what's going on before the market went to electronic | ||
3512 | |||
3513 | 879 | ||
3514 | 00:59:41,610 ~-~-> 00:59:47,190 | ||
3515 | trading. Real people had a job to make these fluctuations | ||
3516 | |||
3517 | 880 | ||
3518 | 00:59:47,190 ~-~-> 00:59:51,210 | ||
3519 | they made the price. They set it and then started pricing it | ||
3520 | |||
3521 | 881 | ||
3522 | 00:59:51,210 ~-~-> 00:59:53,820 | ||
3523 | lower or higher. They were the ones doing the manual | ||
3524 | |||
3525 | 882 | ||
3526 | 00:59:53,820 ~-~-> 00:59:58,320 | ||
3527 | repricing but it's not efficient. Now we have 24 hour | ||
3528 | |||
3529 | 883 | ||
3530 | 00:59:58,320 ~-~-> 01:00:02,130 | ||
3531 | trading I'm convinced at some point, we're going to have | ||
3532 | |||
3533 | 884 | ||
3534 | 01:00:02,610 ~-~-> 01:00:06,450 | ||
3535 | seven days a week trading. Because that's, you know, that's | ||
3536 | |||
3537 | 885 | ||
3538 | 01:00:06,450 ~-~-> 01:00:09,540 | ||
3539 | more opportunity. And I'm convinced that we're going to | ||
3540 | |||
3541 | 886 | ||
3542 | 01:00:09,540 ~-~-> 01:00:13,500 | ||
3543 | start seeing Saturday and all day Sunday trading. I hope I | ||
3544 | |||
3545 | 887 | ||
3546 | 01:00:13,500 ~-~-> 01:00:19,740 | ||
3547 | see it in my lifetime. But that's where we're going next. It | ||
3548 | |||
3549 | 888 | ||
3550 | 01:00:19,740 ~-~-> 01:00:22,620 | ||
3551 | happens for crypto, why can't we have it in forex? Why can't | ||
3552 | |||
3553 | 889 | ||
3554 | 01:00:22,620 ~-~-> 01:00:28,050 | ||
3555 | we have it on stocks? Because people are in a way. And when | ||
3556 | |||
3557 | 890 | ||
3558 | 01:00:28,050 ~-~-> 01:00:31,890 | ||
3559 | more electronic things come in, what the process those | ||
3560 | |||
3561 | 891 | ||
3562 | 01:00:31,890 ~-~-> 01:00:35,070 | ||
3563 | limitations will be removed in the markets will be even | ||
3564 | |||
3565 | 892 | ||
3566 | 01:00:35,070 ~-~-> 01:00:42,810 | ||
3567 | better. Because man, humans, they make it harder. You know, | ||
3568 | |||
3569 | 893 | ||
3570 | 01:00:43,170 ~-~-> 01:00:48,390 | ||
3571 | you've been trying to do this for how long? See. So as long | ||
3572 | |||
3573 | 894 | ||
3574 | 01:00:48,390 ~-~-> 01:00:52,380 | ||
3575 | as there's a human element involved, efficiency will always | ||
3576 | |||
3577 | 895 | ||
3578 | 01:00:52,680 ~-~-> 01:00:55,860 | ||
3579 | be lacking. They're way better than they were when they're | ||
3580 | |||
3581 | 896 | ||
3582 | 01:00:55,860 ~-~-> 01:01:03,660 | ||
3583 | open outcry. But now, it's proven that the algorithms and | ||
3584 | |||
3585 | 897 | ||
3586 | 01:01:03,660 ~-~-> 01:01:06,180 | ||
3587 | high frequency trading, they're not messing up the markets, | ||
3588 | |||
3589 | 898 | ||
3590 | 01:01:06,390 ~-~-> 01:01:09,840 | ||
3591 | that's not messing up the markets. Okay. That's just the | ||
3592 | |||
3593 | 899 | ||
3594 | 01:01:09,840 ~-~-> 01:01:13,080 | ||
3595 | excuse they give when greed kicks in. And the algorithm | ||
3596 | |||
3597 | 900 | ||
3598 | 01:01:13,080 ~-~-> 01:01:17,160 | ||
3599 | really runs by a manual override when they go in. And they | ||
3600 | |||
3601 | 901 | ||
3602 | 01:01:17,160 ~-~-> 01:01:20,850 | ||
3603 | call it the fat finger. Oh, yeah. So and so this rogue | ||
3604 | |||
3605 | 902 | ||
3606 | 01:01:20,850 ~-~-> 01:01:25,200 | ||
3607 | trader caused the flash crash? No, he did not. Okay, that | ||
3608 | |||
3609 | 903 | ||
3610 | 01:01:25,200 ~-~-> 01:01:28,530 | ||
3611 | did not happen. Okay, all these storylines, these | ||
3612 | |||
3613 | 904 | ||
3614 | 01:01:28,530 ~-~-> 01:01:34,980 | ||
3615 | narratives, they're all fake, fake. Just look at the Euro in | ||
3616 | |||
3617 | 905 | ||
3618 | 01:01:34,980 ~-~-> 01:01:38,100 | ||
3619 | the swissy, when there was the pact, study that in the | ||
3620 | |||
3621 | 906 | ||
3622 | 01:01:38,100 ~-~-> 01:01:42,900 | ||
3623 | charts, okay. And if you can get income articles, or any | ||
3624 | |||
3625 | 907 | ||
3626 | 01:01:42,900 ~-~-> 01:01:45,240 | ||
3627 | kind of writings about it, read it, because there's all | ||
3628 | |||
3629 | 908 | ||
3630 | 01:01:45,240 ~-~-> 01:01:47,670 | ||
3631 | kinds of different stories about what caused this and what | ||
3632 | |||
3633 | 909 | ||
3634 | 01:01:47,670 ~-~-> 01:01:53,520 | ||
3635 | caused that. All of it was absolutely controlled, it was | ||
3636 | |||
3637 | 910 | ||
3638 | 01:01:53,520 ~-~-> 01:01:57,540 | ||
3639 | controlled demolition. And those are black swan events. | ||
3640 | |||
3641 | 911 | ||
3642 | 01:01:57,570 ~-~-> 01:02:00,120 | ||
3643 | Those are the real risks there in this market, not just | ||
3644 | |||
3645 | 912 | ||
3646 | 01:02:00,120 ~-~-> 01:02:04,710 | ||
3647 | forex, every market. Stocks can be marked down overnight, | ||
3648 | |||
3649 | 913 | ||
3650 | 01:02:05,070 ~-~-> 01:02:18,960 | ||
3651 | just like that. $100 or more. Who said that price? Think | ||
3652 | |||
3653 | 914 | ||
3654 | 01:02:21,090 ~-~-> 01:02:24,540 | ||
3655 | traders got together. And that was the first trade network. | ||
3656 | |||
3657 | 915 | ||
3658 | 01:02:24,870 ~-~-> 01:02:30,120 | ||
3659 | Get out of here. It was booked there. And that was the first | ||
3660 | |||
3661 | 916 | ||
3662 | 01:02:30,120 ~-~-> 01:02:37,380 | ||
3663 | trade offered. Sooner or later, you'll get it or you won't. | ||
3664 | |||
3665 | 917 | ||
3666 | 01:02:38,400 ~-~-> 01:02:45,930 | ||
3667 | But it won't change it. So if you look at these markets, and | ||
3668 | |||
3669 | 918 | ||
3670 | 01:02:45,930 ~-~-> 01:02:50,160 | ||
3671 | you see opportunity, God bless you. If you look at these | ||
3672 | |||
3673 | 919 | ||
3674 | 01:02:50,160 ~-~-> 01:02:53,730 | ||
3675 | markets, and they're a puzzle you just can't solve, they're | ||
3676 | |||
3677 | 920 | ||
3678 | 01:02:53,730 ~-~-> 01:02:57,810 | ||
3679 | going to stay like that. It's going to be that Rubik's cube | ||
3680 | |||
3681 | 921 | ||
3682 | 01:02:57,810 ~-~-> 01:03:01,050 | ||
3683 | that you can't get the pattern of same colors, the lineup, | ||
3684 | |||
3685 | 922 | ||
3686 | 01:03:02,730 ~-~-> 01:03:04,680 | ||
3687 | it's going to be a crossword puzzle that you can never | ||
3688 | |||
3689 | 923 | ||
3690 | 01:03:04,680 ~-~-> 01:03:10,080 | ||
3691 | complete. If you look at it like that. I look at it as a | ||
3692 | |||
3693 | 924 | ||
3694 | 01:03:10,080 ~-~-> 01:03:15,270 | ||
3695 | treasure hunt. I look at it as a roadmap to getting | ||
3696 | |||
3697 | 925 | ||
3698 | 01:03:15,270 ~-~-> 01:03:18,960 | ||
3699 | something I want. In the first and foremost thing is | ||
3700 | |||
3701 | 926 | ||
3702 | 01:03:19,560 ~-~-> 01:03:23,520 | ||
3703 | satisfaction. I love being able to see what the market is | ||
3704 | |||
3705 | 927 | ||
3706 | 01:03:23,520 ~-~-> 01:03:27,630 | ||
3707 | going to do graphically like this. That's how I started, I | ||
3708 | |||
3709 | 928 | ||
3710 | 01:03:27,630 ~-~-> 01:03:32,850 | ||
3711 | needed to find that cookie, that reward because I didn't | ||
3712 | |||
3713 | 929 | ||
3714 | 01:03:32,850 ~-~-> 01:03:36,510 | ||
3715 | believe these things would make that much money for me. When | ||
3716 | |||
3717 | 930 | ||
3718 | 01:03:36,510 ~-~-> 01:03:39,270 | ||
3719 | I first started, I didn't have an understanding of compound | ||
3720 | |||
3721 | 931 | ||
3722 | 01:03:39,270 ~-~-> 01:03:46,560 | ||
3723 | interest, I had basic of expectations. Now, obviously, I | ||
3724 | |||
3725 | 932 | ||
3726 | 01:03:46,560 ~-~-> 01:03:50,070 | ||
3727 | understood compound interest from math. But I didn't apply | ||
3728 | |||
3729 | 933 | ||
3730 | 01:03:50,070 ~-~-> 01:03:53,700 | ||
3731 | it to the markets because I was so busy trying to do what | ||
3732 | |||
3733 | 934 | ||
3734 | 01:03:53,700 ~-~-> 01:03:58,650 | ||
3735 | everyone was saying to do in the books. It was always wrong. | ||
3736 | |||
3737 | 935 | ||
3738 | 01:04:00,510 ~-~-> 01:04:02,790 | ||
3739 | So when you look at me doing these things, and talking to | ||
3740 | |||
3741 | 936 | ||
3742 | 01:04:02,790 ~-~-> 01:04:06,780 | ||
3743 | you like this, and yes, this video is long, it's long. | ||
3744 | |||
3745 | 937 | ||
3746 | 01:04:08,700 ~-~-> 01:04:12,330 | ||
3747 | But if you want to learn something, the hardest skill set on | ||
3748 | |||
3749 | 938 | ||
3750 | 01:04:12,330 ~-~-> 01:04:18,270 | ||
3751 | the planet that has a uncapped earning potential. You can't | ||
3752 | |||
3753 | 939 | ||
3754 | 01:04:18,270 ~-~-> 01:04:22,860 | ||
3755 | limit yourself. What is where's the limit? What's the limit? | ||
3756 | |||
3757 | 940 | ||
3758 | 01:04:22,860 ~-~-> 01:04:28,020 | ||
3759 | What's the, what's the cap in earnings potential? in | ||
3760 | |||
3761 | 941 | ||
3762 | 01:04:28,020 ~-~-> 01:04:32,940 | ||
3763 | trading, what is it? Is there is there any? I don't think | ||
3764 | |||
3765 | 942 | ||
3766 | 01:04:32,940 ~-~-> 01:04:39,390 | ||
3767 | there is except for whatever you're willing to accept. So | ||
3768 | |||
3769 | 943 | ||
3770 | 01:04:39,420 ~-~-> 01:04:44,820 | ||
3771 | when someone's willing to sit down and give their insights, | ||
3772 | |||
3773 | 944 | ||
3774 | 01:04:45,390 ~-~-> 01:04:52,200 | ||
3775 | their experience and knowledge why would you want them to | ||
3776 | |||
3777 | 945 | ||
3778 | 01:04:52,200 ~-~-> 01:05:01,410 | ||
3779 | rush through it? Why would you kick sand in their face. | ||
3780 | |||
3781 | 946 | ||
3782 | 01:05:02,430 ~-~-> 01:05:07,980 | ||
3783 | Okay? Why would you talk ill about them. When you're the | ||
3784 | |||
3785 | 947 | ||
3786 | 01:05:07,980 ~-~-> 01:05:13,320 | ||
3787 | actual person I'm aiming at all you doubters, I don't need | ||
3788 | |||
3789 | 948 | ||
3790 | 01:05:13,320 ~-~-> 01:05:16,260 | ||
3791 | to convince the people that now are convinced that part's | ||
3792 | |||
3793 | 949 | ||
3794 | 01:05:16,290 ~-~-> 01:05:19,950 | ||
3795 | over, they're going to pursue excellence, because now he got | ||
3796 | |||
3797 | 950 | ||
3798 | 01:05:19,950 ~-~-> 01:05:25,500 | ||
3799 | a taste of it. But whenever I'm talking, I'm talking to you, | ||
3800 | |||
3801 | 951 | ||
3802 | 01:05:26,370 ~-~-> 01:05:30,090 | ||
3803 | the guy and the girl that's doubting, that thinks I'm a | ||
3804 | |||
3805 | 952 | ||
3806 | 01:05:30,090 ~-~-> 01:05:35,670 | ||
3807 | fraud, that thinks all this stuff is all cherry picked. I'm | ||
3808 | |||
3809 | 953 | ||
3810 | 01:05:35,670 ~-~-> 01:05:42,060 | ||
3811 | talking to you. Because I was just like you. I was just like | ||
3812 | |||
3813 | 954 | ||
3814 | 01:05:42,060 ~-~-> 01:05:48,270 | ||
3815 | you. I was hurting. I couldn't make it work. I was always | ||
3816 | |||
3817 | 955 | ||
3818 | 01:05:48,270 ~-~-> 01:05:51,750 | ||
3819 | losing, I was blowing my accounts. And I couldn't figure it | ||
3820 | |||
3821 | 956 | ||
3822 | 01:05:51,750 ~-~-> 01:05:56,940 | ||
3823 | out. And I lashed out. And that's human. It's why don't hold | ||
3824 | |||
3825 | 957 | ||
3826 | 01:05:56,940 ~-~-> 01:06:04,380 | ||
3827 | it against any of you. It's normal, that part is normal. But | ||
3828 | |||
3829 | 958 | ||
3830 | 01:06:04,380 ~-~-> 01:06:09,480 | ||
3831 | you have to listen to good reason. Good advice, good | ||
3832 | |||
3833 | 959 | ||
3834 | 01:06:09,480 ~-~-> 01:06:14,940 | ||
3835 | medicine. And that's what this is. If you just give yourself | ||
3836 | |||
3837 | 960 | ||
3838 | 01:06:14,940 ~-~-> 01:06:21,390 | ||
3839 | time and permission, and just let go, let go of whatever | ||
3840 | |||
3841 | 961 | ||
3842 | 01:06:21,390 ~-~-> 01:06:25,530 | ||
3843 | animosity hold against me. Because of either public stunts, | ||
3844 | |||
3845 | 962 | ||
3846 | 01:06:25,590 ~-~-> 01:06:29,580 | ||
3847 | and trolling I've done in the past, I'm trying my hardest, | ||
3848 | |||
3849 | 963 | ||
3850 | 01:06:30,450 ~-~-> 01:06:37,440 | ||
3851 | just to show you the goods to prove it to you. And maybe | ||
3852 | |||
3853 | 964 | ||
3854 | 01:06:37,440 ~-~-> 01:06:39,420 | ||
3855 | I've done a good job of trolling, and now you're just | ||
3856 | |||
3857 | 965 | ||
3858 | 01:06:39,420 ~-~-> 01:06:42,540 | ||
3859 | damaged, and I'm never gonna win you over. It doesn't mean | ||
3860 | |||
3861 | 966 | ||
3862 | 01:06:42,540 ~-~-> 01:06:48,510 | ||
3863 | I'm not gonna keep trying. You keep coming back to this | ||
3864 | |||
3865 | 967 | ||
3866 | 01:06:48,510 ~-~-> 01:06:56,580 | ||
3867 | channel. Core reason I can't see your thoughts. But I know | ||
3868 | |||
3869 | 968 | ||
3870 | 01:06:56,580 ~-~-> 01:07:00,780 | ||
3871 | what you're thinking. This guy doesn't make money, he only | ||
3872 | |||
3873 | 969 | ||
3874 | 01:07:00,780 ~-~-> 01:07:04,830 | ||
3875 | makes money trading, a demo account or paper trading, and | ||
3876 | |||
3877 | 970 | ||
3878 | 01:07:04,830 ~-~-> 01:07:08,010 | ||
3879 | teaches a mentorship. And he can't make money with a real | ||
3880 | |||
3881 | 971 | ||
3882 | 01:07:08,010 ~-~-> 01:07:15,870 | ||
3883 | account. I can. I can call moves, I can enter trades, I can | ||
3884 | |||
3885 | 972 | ||
3886 | 01:07:15,870 ~-~-> 01:07:20,310 | ||
3887 | manage them, I can do that every single day of the week. And | ||
3888 | |||
3889 | 973 | ||
3890 | 01:07:20,310 ~-~-> 01:07:27,750 | ||
3891 | still won't change your mind. Because you're bent. And | ||
3892 | |||
3893 | 974 | ||
3894 | 01:07:27,750 ~-~-> 01:07:34,530 | ||
3895 | you're wasting time you're wasting time. You could sit down | ||
3896 | |||
3897 | 975 | ||
3898 | 01:07:34,530 ~-~-> 01:07:39,030 | ||
3899 | and say okay, that's it. I'm putting it all side, I'm gonna | ||
3900 | |||
3901 | 976 | ||
3902 | 01:07:39,030 ~-~-> 01:07:42,090 | ||
3903 | sit down with this information. I'm not gonna have a | ||
3904 | |||
3905 | 977 | ||
3906 | 01:07:42,090 ~-~-> 01:07:44,400 | ||
3907 | timeline, I'm not going to have a deadline, I'm just going | ||
3908 | |||
3909 | 978 | ||
3910 | 01:07:44,400 ~-~-> 01:07:49,380 | ||
3911 | to consume a video or two a day, I'm going to take notes, | ||
3912 | |||
3913 | 979 | ||
3914 | 01:07:49,830 ~-~-> 01:07:51,750 | ||
3915 | and I'll reflect on it. And then we'll go into the charts | ||
3916 | |||
3917 | 980 | ||
3918 | 01:07:51,750 ~-~-> 01:07:54,660 | ||
3919 | looking for the things that these videos talk about. | ||
3920 | |||
3921 | 981 | ||
3922 | 01:07:55,980 ~-~-> 01:08:00,540 | ||
3923 | And if you do that, for 30 days, you're going to start | ||
3924 | |||
3925 | 982 | ||
3926 | 01:08:00,540 ~-~-> 01:08:04,050 | ||
3927 | seeing things that you didn't see before. And then that | ||
3928 | |||
3929 | 983 | ||
3930 | 01:08:04,140 ~-~-> 01:08:08,730 | ||
3931 | encourages you. And you get that little bit of a addiction, | ||
3932 | |||
3933 | 984 | ||
3934 | 01:08:09,720 ~-~-> 01:08:13,530 | ||
3935 | which is good. It's a good thing. Because it's motivation. | ||
3936 | |||
3937 | 985 | ||
3938 | 01:08:14,190 ~-~-> 01:08:18,120 | ||
3939 | As soon as you start seeing growth, and your understanding, | ||
3940 | |||
3941 | 986 | ||
3942 | 01:08:19,200 ~-~-> 01:08:22,350 | ||
3943 | it's infectious, then you start thinking about this stuff | ||
3944 | |||
3945 | 987 | ||
3946 | 01:08:22,380 ~-~-> 01:08:24,420 | ||
3947 | all day long. When you're at work, when you should be | ||
3948 | |||
3949 | 988 | ||
3950 | 01:08:24,420 ~-~-> 01:08:26,850 | ||
3951 | focusing on your job, you're going to think about I can't | ||
3952 | |||
3953 | 989 | ||
3954 | 01:08:26,850 ~-~-> 01:08:28,710 | ||
3955 | wait to look at the charts. I can't wait to study this and | ||
3956 | |||
3957 | 990 | ||
3958 | 01:08:28,710 ~-~-> 01:08:33,600 | ||
3959 | study that. Not I want to make money and trade. You become a | ||
3960 | |||
3961 | 991 | ||
3962 | 01:08:33,600 ~-~-> 01:08:39,660 | ||
3963 | sponge that you can't get enough. And look, it's not you're | ||
3964 | |||
3965 | 992 | ||
3966 | 01:08:39,660 ~-~-> 01:08:43,200 | ||
3967 | not worshipping me. None of my students worship Me, I don't | ||
3968 | |||
3969 | 993 | ||
3970 | 01:08:43,200 ~-~-> 01:08:48,480 | ||
3971 | want that. You're just in love with the future you. That's | ||
3972 | |||
3973 | 994 | ||
3974 | 01:08:48,480 ~-~-> 01:08:51,780 | ||
3975 | what these people are. They're they're in love with who | ||
3976 | |||
3977 | 995 | ||
3978 | 01:08:51,780 ~-~-> 01:08:54,270 | ||
3979 | they're going to become. Because they see what there's | ||
3980 | |||
3981 | 996 | ||
3982 | 01:08:54,570 ~-~-> 01:08:59,760 | ||
3983 | market in seitan content is doing for them on a small scale. | ||
3984 | |||
3985 | 997 | ||
3986 | 01:08:59,760 ~-~-> 01:09:01,800 | ||
3987 | And they know they keep working at it, it's going to be | ||
3988 | |||
3989 | 998 | ||
3990 | 01:09:01,800 ~-~-> 01:09:06,060 | ||
3991 | larger. And I have such a small little piece of that | ||
3992 | |||
3993 | 999 | ||
3994 | 01:09:06,060 ~-~-> 01:09:11,010 | ||
3995 | happening. I play a small role. I'm just providing a | ||
3996 | |||
3997 | 1000 | ||
3998 | 01:09:11,010 ~-~-> 01:09:15,780 | ||
3999 | language. You have to engage the marketplace. Everyone has | ||
4000 | |||
4001 | 1001 | ||
4002 | 01:09:15,780 ~-~-> 01:09:19,890 | ||
4003 | to engage the marketplace, in their own terms, in their own | ||
4004 | |||
4005 | 1002 | ||
4006 | 01:09:19,920 ~-~-> 01:09:27,090 | ||
4007 | way of doing it and manage that risk. It's not a cult here. | ||
4008 | |||
4009 | 1003 | ||
4010 | 01:09:27,870 ~-~-> 01:09:31,140 | ||
4011 | And I'm not a cult leader and no one's worshipping me. I | ||
4012 | |||
4013 | 1004 | ||
4014 | 01:09:31,140 ~-~-> 01:09:33,690 | ||
4015 | know what it is. And my students know what it is. It's | ||
4016 | |||
4017 | 1005 | ||
4018 | 01:09:33,690 ~-~-> 01:09:38,640 | ||
4019 | passion. I have it, a lot of it. It's inexhaustible. And my | ||
4020 | |||
4021 | 1006 | ||
4022 | 01:09:38,640 ~-~-> 01:09:41,430 | ||
4023 | students get infected with that. And they see the growth in | ||
4024 | |||
4025 | 1007 | ||
4026 | 01:09:41,430 ~-~-> 01:09:46,170 | ||
4027 | their own learning. Yes, they have setbacks, but they look | ||
4028 | |||
4029 | 1008 | ||
4030 | 01:09:46,170 ~-~-> 01:09:49,380 | ||
4031 | past them, because it's normal. And I'm here to remind them, | ||
4032 | |||
4033 | 1009 | ||
4034 | 01:09:49,650 ~-~-> 01:09:52,680 | ||
4035 | that's normal. It's a growth, you're going through growing | ||
4036 | |||
4037 | 1010 | ||
4038 | 01:09:52,680 ~-~-> 01:09:57,990 | ||
4039 | pains. Over time, you become much more versed and skilled | ||
4040 | |||
4041 | 1011 | ||
4042 | 01:09:58,650 ~-~-> 01:10:01,410 | ||
4043 | and the things that bother you in the big that you think are | ||
4044 | |||
4045 | 1012 | ||
4046 | 01:10:01,410 ~-~-> 01:10:05,310 | ||
4047 | paramount. This is a be all end all. It's a binary that | ||
4048 | |||
4049 | 1013 | ||
4050 | 01:10:05,310 ~-~-> 01:10:07,770 | ||
4051 | works right now, or I'm never going to do it again, if I | ||
4052 | |||
4053 | 1014 | ||
4054 | 01:10:07,770 ~-~-> 01:10:10,590 | ||
4055 | don't make this account grow to this much, I'm a failure, | ||
4056 | |||
4057 | 1015 | ||
4058 | 01:10:10,650 ~-~-> 01:10:13,140 | ||
4059 | I'm never going to do it again. And if you blow the account, | ||
4060 | |||
4061 | 1016 | ||
4062 | 01:10:13,140 ~-~-> 01:10:17,070 | ||
4063 | you know how you feel. Man, I got to get back into debt. | ||
4064 | |||
4065 | 1017 | ||
4066 | 01:10:17,070 ~-~-> 01:10:18,900 | ||
4067 | Again, I'm going to, I'm going to do it differently this | ||
4068 | |||
4069 | 1018 | ||
4070 | 01:10:18,900 ~-~-> 01:10:24,180 | ||
4071 | time. As long as you have that bug, you're gonna keep doing | ||
4072 | |||
4073 | 1019 | ||
4074 | 01:10:24,180 ~-~-> 01:10:26,400 | ||
4075 | this. And you're gonna keep coming back to my videos. | ||
4076 | |||
4077 | 1020 | ||
4078 | 01:10:26,880 ~-~-> 01:10:29,730 | ||
4079 | Because the talent side, you're still just wrestling with | ||
4080 | |||
4081 | 1021 | ||
4082 | 01:10:29,730 ~-~-> 01:10:34,020 | ||
4083 | that demon in you. The person it's in the mirror. Because | ||
4084 | |||
4085 | 1022 | ||
4086 | 01:10:34,020 ~-~-> 01:10:36,060 | ||
4087 | you don't deserve in your mind, you're thinking You don't | ||
4088 | |||
4089 | 1023 | ||
4090 | 01:10:36,060 ~-~-> 01:10:42,900 | ||
4091 | deserve to be successful. You do. You just had all these | ||
4092 | |||
4093 | 1024 | ||
4094 | 01:10:42,900 ~-~-> 01:10:46,500 | ||
4095 | other people influencing you, and telling you, either | ||
4096 | |||
4097 | 1025 | ||
4098 | 01:10:46,500 ~-~-> 01:10:51,300 | ||
4099 | directly or indirectly, that you don't deserve it. You do. | ||
4100 | |||
4101 | 1026 | ||
4102 | 01:10:52,380 ~-~-> 01:10:54,930 | ||
4103 | Everyone deserves it. If you come into my content, and you | ||
4104 | |||
4105 | 1027 | ||
4106 | 01:10:54,930 ~-~-> 01:10:58,200 | ||
4107 | bust your ass, because that's what it's gonna take. You | ||
4108 | |||
4109 | 1028 | ||
4110 | 01:10:58,200 ~-~-> 01:11:02,790 | ||
4111 | deserve it. And once you get it, no one can take it from | ||
4112 | |||
4113 | 1029 | ||
4114 | 01:11:02,790 ~-~-> 01:11:08,400 | ||
4115 | you. And it's so rewarding. It's so rewarding. If you just | ||
4116 | |||
4117 | 1030 | ||
4118 | 01:11:08,400 ~-~-> 01:11:11,790 | ||
4119 | take away your bank note for your home. How much better | ||
4120 | |||
4121 | 1031 | ||
4122 | 01:11:11,790 ~-~-> 01:11:15,510 | ||
4123 | would your life? I'm not saying let's get rich? How about if | ||
4124 | |||
4125 | 1032 | ||
4126 | 01:11:15,510 ~-~-> 01:11:17,970 | ||
4127 | you just got half your mortgage payment a month covered? | ||
4128 | |||
4129 | 1033 | ||
4130 | 01:11:18,570 ~-~-> 01:11:23,820 | ||
4131 | Wouldn't it be a big weight off your back your car note. Or | ||
4132 | |||
4133 | 1034 | ||
4134 | 01:11:23,820 ~-~-> 01:11:27,900 | ||
4135 | if you put groceries in your parents home? Maybe they're on | ||
4136 | |||
4137 | 1035 | ||
4138 | 01:11:27,930 ~-~-> 01:11:31,410 | ||
4139 | assisted living, and you're able to give them a way of | ||
4140 | |||
4141 | 1036 | ||
4142 | 01:11:31,530 ~-~-> 01:11:35,430 | ||
4143 | obtaining groceries and they didn't have to go without how | ||
4144 | |||
4145 | 1037 | ||
4146 | 01:11:35,430 ~-~-> 01:11:39,240 | ||
4147 | much better would you feel? As soon as you're able to do | ||
4148 | |||
4149 | 1038 | ||
4150 | 01:11:39,240 ~-~-> 01:11:41,820 | ||
4151 | that you start thinking wow, I'm able to do this with this. | ||
4152 | |||
4153 | 1039 | ||
4154 | 01:11:42,300 ~-~-> 01:11:45,060 | ||
4155 | If I just tweak it a little bit more, I can compound that | ||
4156 | |||
4157 | 1040 | ||
4158 | 01:11:45,060 ~-~-> 01:11:50,610 | ||
4159 | into other things. That's all trading is. That's it the same | ||
4160 | |||
4161 | 1041 | ||
4162 | 01:11:50,610 ~-~-> 01:11:54,720 | ||
4163 | 15 to 20 pips a day, a couple times a week. Man, you can do | ||
4164 | |||
4165 | 1042 | ||
4166 | 01:11:54,720 ~-~-> 01:12:00,090 | ||
4167 | a lot with that a lot. And you just have to broaden your | ||
4168 | |||
4169 | 1043 | ||
4170 | 01:12:00,090 ~-~-> 01:12:04,440 | ||
4171 | understanding and expectations to the positive side and not | ||
4172 | |||
4173 | 1044 | ||
4174 | 01:12:04,440 ~-~-> 01:12:08,400 | ||
4175 | just look at me as some fraud guru because I could prove | ||
4176 | |||
4177 | 1045 | ||
4178 | 01:12:08,400 ~-~-> 01:12:12,690 | ||
4179 | this stuff every single day of the week. It isn't gonna put | ||
4180 | |||
4181 | 1046 | ||
4182 | 01:12:12,690 ~-~-> 01:12:18,390 | ||
4183 | money in your pocket because I can do it. It's a learned | ||
4184 | |||
4185 | 1047 | ||
4186 | 01:12:18,390 ~-~-> 01:12:23,160 | ||
4187 | skill set. Every single one of you can do this. Don't let | ||
4188 | |||
4189 | 1048 | ||
4190 | 01:12:23,190 ~-~-> 01:12:28,020 | ||
4191 | anyone tell you or convince you that you can't. Because I'm | ||
4192 | |||
4193 | 1049 | ||
4194 | 01:12:28,020 ~-~-> 01:12:32,940 | ||
4195 | telling you, you can. Until next time, wish good luck and | ||
4196 | |||
4197 | 1050 | ||
4198 | 01:12:32,940 ~-~-> 01:12:33,420 | ||
4199 | good trading |