ICT YT - 2020-09-22 - ICT Forex Price Action Lesson - Trade Review Brokers and MT4 Scams.srt
Last modified by Drunk Monkey on 2021-06-12 06:33
| 1 | 00:00:15,630 --> 00:00:30,420 | ICT: Alright, folks, we are looking at the foreign exchange market. So, on the left hand side we have $1 chart. And if you remember, I've been talking in the |
| 2 | 00:00:30,420 --> 00:00:41,520 | recent videos. When discussing the ideas I had in mind for dollar index, I felt that we were going to be trading above these Highs over here. Okay, so here we |
| 3 | 00:00:41,520 --> 00:00:55,440 | are, on the 22nd of September 2020. And the price was delivered as outlined. Now, if we have this idea in mind, would that be bullish or bearish for foreign |
| 4 | 00:00:55,440 --> 00:01:07,860 | currency for instance, like euro dollar when we see a move like this, we expect to see a drop in the price action for euro dollar. So with this in mind, let's |
| 5 | 00:01:07,860 --> 00:01:20,220 | go over to euro and this is the one I use for it. I can see there's several different brokerage feeds you can pull from. I like forex.com. Alright, so |
| 6 | 00:01:20,220 --> 00:01:32,730 | here's the euro dollar daily chart. And as you would expect the mirror image of these lows over here, that was the target I was aiming for for today. We're day |
| 7 | 00:01:32,730 --> 00:01:42,210 | traders model, right. So want to drop into an hourly chart. Alright, so here's the hourly euro dollar chart. Right away your eye should be jumping right to the |
| 8 | 00:01:42,210 --> 00:01:58,200 | optimal trade entry for today. But if not, don't worry, I will cover it for you. Ready, sir, in this area here, this price action is we're going to look at case |
| 9 | 00:01:58,200 --> 00:02:13,710 | of the markets creeping sideways it breaks down then trades up and will rolls over. So your optimal trade entry is here to here and I'll show you that. |
| 10 | 00:02:19,410 --> 00:02:28,170 | Okay, so we have high to low the price trades right back up look for the bodies of the candles for trading to Yes, we have Aaron price action where it goes |
| 11 | 00:02:28,170 --> 00:02:37,680 | beyond that. But again, the Fibonacci is not the secret. Okay, it's not. We're just looking at are we overbought or oversold now we are overbought. But look at |
| 12 | 00:02:37,680 --> 00:02:47,850 | the bodies respecting that 79% retracement level right there. Beautiful. price breaks down, comes back up in again, here is another optimal trade entry. And |
| 13 | 00:02:47,850 --> 00:03:00,000 | we'll see this on the 15 minute time frame. But for completeness, add it now. So when we do drop down into the 15 minute time frame, you'll see it Alright, so |
| 14 | 00:03:01,560 --> 00:03:10,320 | the delivery here, we trade below these lows and then the market has a nice retracement back up into the bearish order block trades away and starts to break |
| 15 | 00:03:10,320 --> 00:03:24,120 | down. Now on the 15 minute time frame, you could use this area here to enter and then attack the low here and attack those daily lows. What if you miss this |
| 16 | 00:03:24,180 --> 00:03:33,750 | setup here? Do you just throw the baby out with the bathwater? No. Let's drop down into let's take this off first because it will probably be confusing |
| 17 | 00:03:33,750 --> 00:03:44,100 | otherwise. But here's what we have. That framework will drop down to a 15 minute time frame. Okay, so here is the 15 minute time frame. And you can see here's |
| 18 | 00:03:44,100 --> 00:03:54,450 | your optimal trade entry. Put it right on the key swing highs and low okay right in here. And then the market trades right back up into what you know sometimes |
| 19 | 00:03:54,450 --> 00:04:05,310 | retracement level rolls over. Now what if you missed this move? So you had two opportunities. And so you sit down and you and your charts and real life gets in |
| 20 | 00:04:05,310 --> 00:04:17,160 | the way? Okay, like it did for me today. I am not always in front of the charts Exactly. When the setups form. Sometimes I'm unable to get my computer to log |
| 21 | 00:04:17,160 --> 00:04:27,150 | on. If you'd like me that Windows update that usually comes on. You can't do anything about it. Once it starts you have to wait that's plagued me many times. |
| 22 | 00:04:28,290 --> 00:04:37,770 | But homeschooling right now is proving to be a little bit of a challenge for my two younger sons with my wife. So I have to do my part to help with that. And |
| 23 | 00:04:37,770 --> 00:04:49,680 | today was that case? So I didn't get the opportunity to trade short up in here. So how do I work within that? So we have an ideal scenario where we look for the |
| 24 | 00:04:49,680 --> 00:05:03,930 | overall price structure to trade lower. So here is the beginning of the day on the 22nd Okay, The market trades softly, initially, and then retraces back up |
| 25 | 00:05:03,990 --> 00:05:18,930 | into a head of the New York open. Okay, so we have this price leg down and up, do we use this price leg high? Or this one? This one, why because the market was |
| 26 | 00:05:18,930 --> 00:05:28,110 | driving higher there. So as it was reaching higher, you want to anchor to a point of reference like that. And then down here, it's delivering on the |
| 27 | 00:05:28,110 --> 00:05:36,510 | downside. So there are two reference points for the the fib if you want to use that, again, relative to the price structure we showed on that hourly chart. |
| 28 | 00:05:39,300 --> 00:05:54,480 | Often tragic, extending out in time, still inside that leg as well. So if you missed this one, or this one, what do you do? Well, the larger parent price |
| 29 | 00:05:54,480 --> 00:06:04,740 | swing, if you're not writing this stuff down, you're wasting your time. This is the larger parent price swing. And this is a subordinate price swing inside of |
| 30 | 00:06:04,740 --> 00:06:19,170 | this larger fractal, just like this price swing here to here. And you expect lower prices, or I did the same portion of price action is a smaller, fractal or |
| 31 | 00:06:19,560 --> 00:06:29,580 | very similar pattern to what we're seeing here. It's just on a smaller scale. But inside the context that if you think this is bearish, where's the larger |
| 32 | 00:06:29,580 --> 00:06:50,430 | parent price swing calling for a while you have a standard deviation of negative point five. And it's also below those key levels that I outlined on ads. Do this |
| 33 | 00:06:50,610 --> 00:06:53,700 | that really makes it better if we see it more prominent. |
| 34 | 00:06:54,960 --> 00:07:03,210 | Okay, so that's the level we will be reaching for, for day trade. So we take that fib off now it's accomplished its mission here. And we'll take this off, |
| 35 | 00:07:03,210 --> 00:07:11,160 | because it's no longer ceiling. Because the idea is, if you're watching price action, and you know what you're looking to trade off of, okay, or maybe you |
| 36 | 00:07:11,160 --> 00:07:20,100 | were just apprehensive, and you just didn't want to take the trade, didn't trust it, we're nervous. We're just you just completely distracted at the time, |
| 37 | 00:07:20,100 --> 00:07:29,010 | because you could be in front of your charts and maybe a phone call rings and, or an email opens up or someone does something, okay, or your foot hits the |
| 38 | 00:07:29,010 --> 00:07:39,420 | power surge protector, and it turns off everything. These are all things it's happened to me. So when those instances happen in the market starts to take off |
| 39 | 00:07:39,420 --> 00:07:50,130 | right in here. Okay, when it starts to break down here, most people would be like, okay, I missed it. And they'll try to chase it down here, or once it's |
| 40 | 00:07:50,130 --> 00:07:59,820 | starting to move over here. And you don't want to do that. Okay, you don't want to do that. You want to look at the price leg here. That creates that fractal. |
| 41 | 00:07:59,820 --> 00:08:14,040 | That's the optimal trade entry. If you can trade back to this low. Oh, you're talking about that? support resistance stuff? Well, in this case, it fits the |
| 42 | 00:08:14,040 --> 00:08:24,450 | narrative. So yes, if you can apply the correct narrative to the price chart, then yeah, support resistance, and even retail indicators might assist you. But |
| 43 | 00:08:24,450 --> 00:08:37,230 | if you don't have the right narrative, it don't really matter. So the market trades up into this low, which is a mitigation block. Okay, so mitigation is |
| 44 | 00:08:37,350 --> 00:08:50,610 | close to but not the same as an ICT breaker. Alright, so it's a matter of referencing, and classifying a specific higher low in the scope of the |
| 45 | 00:08:50,610 --> 00:08:58,950 | underlying narrative. That sounds like a whole bunch of mumbo jumbo to someone that hasn't really spent any time here on this YouTube channel. But it is the |
| 46 | 00:08:59,430 --> 00:09:12,090 | premise to selecting which highs and lows to anticipate a support or resistance idea to develop, if that makes any sense. So onwards, why would we expect this |
| 47 | 00:09:12,090 --> 00:09:25,740 | low to act as support turn resistance? And why not this one? And why not this one? Or how about this one? Why did they act as support broken term resistance |
| 48 | 00:09:25,740 --> 00:09:36,000 | there? You see what I'm saying? So there's a underlying narrative that needs to be understood. When you look at price action on a naked basis. That means |
| 49 | 00:09:36,000 --> 00:09:43,830 | there's no indicators, no trend lines, none of those things. The only time you ever see a trend line on my chart is where I'm showing horizontal levels that's |
| 50 | 00:09:44,190 --> 00:09:53,490 | carried into the future. I don't like diagnose support resistance because they're too subjective. And there's so many opportunities for you to anchor them |
| 51 | 00:09:53,520 --> 00:10:04,140 | on different price points. It's clearly subjective and anyone that says it's a perfect science to it is lying. So I lost a lot of money, real money trading |
| 52 | 00:10:04,140 --> 00:10:15,840 | trend lines, I don't, I'm not a fan of them. But I'd look for things that helped me identify where the retail traders will anticipate price. Many of you are |
| 53 | 00:10:15,840 --> 00:10:27,930 | familiar with my optimal trade entry. And while I'm outlining the sell side here in that larger one here, that we looked at on the hourly chart, before dropping |
| 54 | 00:10:27,930 --> 00:10:36,300 | down to the 15 minute time frame with this price, like here to here, and then this smaller one here, maybe you were looking at this down close candle, or all |
| 55 | 00:10:36,300 --> 00:10:46,530 | these down close candles in the market was trading down into the time of day where we would expect a New York session run, to do what to take out these |
| 56 | 00:10:46,560 --> 00:10:54,540 | relative equal highs. I'm not gonna say anything, but there's a lot of people that were doing that very thing in live streams and things like that, even |
| 57 | 00:10:54,540 --> 00:11:00,900 | calling out my stuff. But the underlying narrative they had was wrong. So that's what I'm saying. Like when, |
| 58 | 00:11:02,310 --> 00:11:12,180 | when you're learning how to do this, you need to have the understanding of why it should work, not just oh, I knew the magic trick behind it all. It's simply a |
| 59 | 00:11:12,720 --> 00:11:19,230 | down close calibrate for the up move. And when trades back down to it's a buy, because if they bought this and it started to rally, they're under the |
| 60 | 00:11:19,230 --> 00:11:28,980 | impression that they're correct. And the only thing this is doing is repricing for another sell off. And the market starts to trade lower. So what do you do if |
| 61 | 00:11:28,980 --> 00:11:37,920 | you miss that? Or if your stop loss gets hit? How can you get in sync with the marketplace? Because if this breaks below here, and you've been trying to buy |
| 62 | 00:11:37,920 --> 00:11:48,180 | it, you should not be thinking that this is now you know, another opportunity to buy. It's telling you it's telegraphing. It's not wanting to go higher. And just |
| 63 | 00:11:48,180 --> 00:11:58,350 | because there's relative equal Highs over here, and there's bicep liquidity above that, yes, it doesn't mean with any grade of surety or absolution, that |
| 64 | 00:11:58,350 --> 00:12:09,150 | they're going to take it there. Okay, so the idea is, how do we use this area right in here. So now we have this price structure in line with the underlying |
| 65 | 00:12:09,150 --> 00:12:16,290 | narrative that it wants to go lower, because that dollar, I've already told you freely on this YouTube channel, that I was short term bullish on the dollar. And |
| 66 | 00:12:16,290 --> 00:12:25,470 | I wanted those relative equal highs on the daily chart to be traded to and above. So if that happens to be my short term outlook on dollar, then we have to |
| 67 | 00:12:25,470 --> 00:12:34,230 | be focusing or at least I have to be focusing, and my students are focusing on shorting foreign currency. So we have our levels here on the 15 minute time |
| 68 | 00:12:34,230 --> 00:12:44,700 | frame. So now we can go into a lower timeframe, five minute chart, and capitalize on short term order flow. We have a low here, and the market trades |
| 69 | 00:12:44,700 --> 00:12:55,380 | back up into and when it trades into here on this candle you'll watch at the end of my jawboning here, I used a limit order. Now, initially, I had the limit |
| 70 | 00:12:55,380 --> 00:13:07,830 | order with a 15 PIP stop or so I think it was and I opened the limit up with that, and I was watching price. And before the limit order fills, I adjusted to |
| 71 | 00:13:08,220 --> 00:13:19,050 | around 11 pips a little bit less than 11 pips total risk. And I was aiming for this level down here, and you'll see it. Now before I get into that I want to |
| 72 | 00:13:19,050 --> 00:13:32,310 | talk a little bit briefly about this discussion. Let's say it that way that is being pushed around. And I look, I'm all for exposing people that don't know how |
| 73 | 00:13:32,310 --> 00:13:41,700 | to trade and they're trying to capitalize and fraud people and saying, hey, look, you know, I'm making money, look at my empty for screenshots. I don't do |
| 74 | 00:13:41,700 --> 00:13:51,210 | that. Okay, I don't even operate with an empty for platform. For any my teachings, I use what you see right here, in case you don't know what this is, |
| 75 | 00:13:51,210 --> 00:14:06,450 | this is tradingview.com. And the idea is that these folks can use the MT four manager and go in and enter trades after the fact and make it look like they |
| 76 | 00:14:06,450 --> 00:14:15,300 | took those trades. And they can even show you. Look, this was the time I entered the trade but you never see them actually entering the trades, okay. You never |
| 77 | 00:14:15,300 --> 00:14:22,770 | see them entering the trades, adjusting their stop putting their stop in when they entered the trade and managing it to the close. Whether it hits the target, |
| 78 | 00:14:22,800 --> 00:14:35,130 | whether it takes the take profit. That's the part I have been begging for. Because let's let's be honest. It's more interesting to see someone be able to |
| 79 | 00:14:35,130 --> 00:14:45,240 | operate and engage price action like that than just simply showing you here's the results. Here's yesterday's winning lottery numbers, and I had a ticket. No, |
| 80 | 00:14:45,900 --> 00:14:57,900 | tell me what you think the lottery numbers are going to be. And then let's see how it pans out. Well, that's what I do. I have 1000s of people that watch me do |
| 81 | 00:14:57,900 --> 00:15:05,940 | this stuff. I co signed f Every single time I sit down with my students, and I did it publicly here, I told you what I felt was going to happen with that |
| 82 | 00:15:05,940 --> 00:15:15,600 | dollar. I keep an up, are you keeping tabs on what I'm expecting? Because if you are, you can still go back and watch those YouTube videos. I can't change them. |
| 83 | 00:15:15,630 --> 00:15:26,010 | I can't edit them. So trading view is not an MT four platform. Okay. That's why I went here. Everyone that was suggesting in the past, Hey, get off Mt. Four |
| 84 | 00:15:26,010 --> 00:15:37,110 | because you're faking ICT. Okay, to remove all doubt. I said, What do you want me to use? trading view? Okay, here I am on trading view. So it took a little |
| 85 | 00:15:37,110 --> 00:15:44,100 | bit time getting used to and warming up to the platform. Now, I still don't know laughs stuff on here. A lot of my students and even folks that are not even in |
| 86 | 00:15:44,100 --> 00:15:50,640 | my mentorship, email me once in a while, they'll say, hey, look at seeing what you're doing in the, in the video, you're struggling with this and that, and |
| 87 | 00:15:50,640 --> 00:16:00,570 | they give me tips. And folks, listen, I appreciate that. I am still learning how to use this platform, you know, as fluidly as I need to be, I guess. But |
| 88 | 00:16:02,130 --> 00:16:13,710 | I'm entering the orders here. Okay, you see the orders entering? I'm pushing the button. I want to see you push the button? Well, guess what? I'm pushing them |
| 89 | 00:16:13,740 --> 00:16:24,030 | every week. Every week, I don't see anybody else pushing any buttons up here. I mean, asking for it. You don't see it. So I would love to see I love watching |
| 90 | 00:16:24,030 --> 00:16:35,280 | other people trade, I'd love it. And I'm not saying watch them lose I'm saying I would like to see them execute a very refined entry. Managed risk the entire |
| 91 | 00:16:35,280 --> 00:16:46,260 | time, take partials along the way to fund the position and trader. And here you got it, you have somebody that's showing proof, the elusive proof, you don't |
| 92 | 00:16:46,260 --> 00:16:56,640 | need to see a live account, you absolutely do not need to see a live account period, you need to see someone executing and managing a position. Because this |
| 93 | 00:16:56,640 --> 00:17:06,120 | same data feed is the same data feed that you're going to see on interactive brokers. I G, which I mean, real quick, I mentioned this, post the video |
| 94 | 00:17:06,120 --> 00:17:17,070 | yesterday, and in my haste because I don't have a script. That's why my when my videos can give you long winded rather frequently. And like this one, because I |
| 95 | 00:17:17,070 --> 00:17:28,860 | had every intention of making it about 15 minute long video, but it's not gonna be a 15 minute video. So if we look at this data feed on trading view, I don't |
| 96 | 00:17:28,860 --> 00:17:40,320 | care what live institutional platform you're using. It's still close in its mark to market within a very fair, it might be ahead of it and might be a little bit |
| 97 | 00:17:40,530 --> 00:17:49,950 | behind it in terms of a second or two. But it's the same feed folks. It's the same thing. So if I don't know what I'm talking about, and what am I talking |
| 98 | 00:17:49,950 --> 00:17:59,670 | about price action delivery, I do not go on record and say I'm going to make you a live trader that's profitable with live funds. I'm not licensed and regulated |
| 99 | 00:17:59,670 --> 00:18:09,630 | to do that. I say and I promise that if you study under me, whether it's through this YouTube channel or in my community, the mentorship, you're going to learn |
| 100 | 00:18:09,630 --> 00:18:19,920 | how to see price action like nobody's business, period, and I'm on record, they're just like here, executing on a basis that I've already outlined |
| 101 | 00:18:20,010 --> 00:18:31,530 | beforehand. Always in a demo account, because I am not regulated. I'm not licensed to do that. I'm not a CTA commodity trade advisor. I'm not getting |
| 102 | 00:18:31,530 --> 00:18:43,830 | myself in trouble just because I some woman or man anywhere in the world says do it with a Live account. Okay, well, if you're willing to pay me why funds for me |
| 103 | 00:18:43,830 --> 00:18:51,330 | to do it? Yeah. Oh, absolutely. I'll dance for that. Because then you'll see me take that money and give it away. Because if I was hard up for money, I would |
| 104 | 00:18:51,330 --> 00:19:04,830 | keep it. I gave him away money on Twitter. Just because people said if you don't if you don't believe I'll give away money. Say a specific phrase and those that |
| 105 | 00:19:04,860 --> 00:19:13,740 | tweeted it to me. I said okay, you're the one on one dm and the DM I said send me your email address through PayPal and I sent money to them just to prove I |
| 106 | 00:19:13,740 --> 00:19:26,130 | would. So if I can get this woman that's barking at no deposit yet with that movie money. But if she will do it and put in an escrow account, I will |
| 107 | 00:19:26,130 --> 00:19:35,760 | absolutely go into a Live account and trade it record every trade and then close the account after it's done. And then I'll show you all the statements because I |
| 108 | 00:19:35,760 --> 00:19:43,170 | don't want anything hacked or new people going into after the fact but it will be deposited into a bank account and you can see all the bank statements I'll |
| 109 | 00:19:43,170 --> 00:19:49,860 | open up a bank account just with that and once the money comes out of that bank account, then I'll show you all the process everything. I'm not gonna open |
| 110 | 00:19:49,860 --> 00:20:07,770 | myself up to levels of unreasonable okay proving but just the common curiosity Okay, or the casual glance, when I'm showing you executions on trading view, it |
| 111 | 00:20:07,770 --> 00:20:14,730 | should readily readily communicate that there's something different that I'm doing that you don't see everyone else doing. And that's all I'm trying to say. |
| 112 | 00:20:16,140 --> 00:20:23,820 | There might be somebody out there better than me, I might be wrong. I might be thinking that I know a lot. And I'm better than anybody else in terms of |
| 113 | 00:20:23,850 --> 00:20:32,460 | execution management. And then someone else comes out, look at this, and they're doing on tradingview. My question is just like I'm posing it to other one else |
| 114 | 00:20:32,490 --> 00:20:43,140 | out there that is looking at what I do, and have a suspect of criticism about what it is I'm doing, oh, you're cheating, you're gaming the system. I'm not |
| 115 | 00:20:43,140 --> 00:20:51,540 | using an MT four platform. And there's no way I could gain or rig or manipulate trading view. |
| 116 | 00:20:52,829 --> 00:21:03,359 | But that's, I mean, you see it, you see me entering it? It's not, here's my orders that were already done. No, I'm executing in the recording live, you can |
| 117 | 00:21:03,359 --> 00:21:14,789 | see the time always down here. And it's never the replay button. So I posed this to all of you in this community on YouTube that likes to follow people that are |
| 118 | 00:21:14,789 --> 00:21:22,649 | teaching, or maybe they're selling mentorships or courses. Yeah, I'm gonna teach you this. I'm gonna teach you that. Okay. All of them should be put through a |
| 119 | 00:21:22,649 --> 00:21:34,889 | litany test of, Okay, go to trading view. Don't show me your empty for screenshots. Okay, I've said this for the year, a year or more, okay, coming out |
| 120 | 00:21:34,889 --> 00:21:47,339 | saying, Look, I'm tired of seeing it. Because too many people get clout off have no proof. I can show you how to read price action. That's what I promise. That's |
| 121 | 00:21:47,369 --> 00:21:55,199 | my flagship here. I promised that skill set, if you spend enough time here with me, you're going to learn how to do that. You don't need to buy other people's |
| 122 | 00:21:55,199 --> 00:22:02,399 | courses, you can save your money, save all the heartache and not get scammed ever, if you just spend the time working on the things that tell you what to do. |
| 123 | 00:22:03,809 --> 00:22:16,949 | But if I can't prove that I can see it before it happens and engage and show you with precision entries. With the logic behind it that I teach, then you should |
| 124 | 00:22:16,949 --> 00:22:27,149 | not be watching my videos. You should not be looking at anything I say or believing anything I say. Because if I've never shown you evidence to the fact, |
| 125 | 00:22:27,719 --> 00:22:43,319 | then why should you take my word for it? Think I'm doing it every week, I'm showing you every single week. How many more do you need to see? I'm gonna keep |
| 126 | 00:22:43,319 --> 00:22:53,579 | doing it. But how many more do you need to see the buttons getting pushed here. And I have no fear and no problem going into a Live account. The difference is, |
| 127 | 00:22:53,789 --> 00:23:00,659 | you're not going to see me do this live like I'm not going to go on a live session and do live trading with a Live account. I'm not going to open myself up |
| 128 | 00:23:00,659 --> 00:23:08,969 | to that liability. I can trade a Live account. And I can show statements and deposits into a bank. That's not a big deal. But it needs to be presented in |
| 129 | 00:23:08,969 --> 00:23:18,539 | such a way where I'm not using that to entice students, because I don't ever, ever, ever do that. When people come to me soon as they read the nondisclosure |
| 130 | 00:23:18,539 --> 00:23:25,979 | agreement and enrollment agreement to come into my mentorship. The first thing they see this is not a signal service, I'm not going to go in and sit down in |
| 131 | 00:23:25,979 --> 00:23:33,119 | front of the charts and say, we're buying here putting a stop here and take your profits here with a Live account. There's no secret language, there's no code |
| 132 | 00:23:33,119 --> 00:23:44,249 | words, this means to buy. And this means to sell none of that stuff. It's we're only studying price action. At some point, my students get to a level where they |
| 133 | 00:23:44,249 --> 00:23:51,629 | determine that they're willing they are I don't ever say go into Live account trading. But they will get to a point where they'll say, you know, I feel |
| 134 | 00:23:51,629 --> 00:24:02,219 | comfortable with reading price action, and they go into trading live. But if you're doing that before at least one year of study, you're really being foolish |
| 135 | 00:24:02,219 --> 00:24:13,919 | because you need to understand the money cycle that takes place every single calendar year, a minimum and then after that slowly work towards working for |
| 136 | 00:24:13,919 --> 00:24:22,529 | consistency. And then dabbling with a very small account balance, not with a large account balance. But you have to spend a lot of time with theory and |
| 137 | 00:24:22,529 --> 00:24:30,959 | logic. And most people are not willing to submit to that just like college degrees, everybody would like to have some not anymore because the jobs are |
| 138 | 00:24:31,079 --> 00:24:38,759 | scarce, but it used to be 2030 years ago, everyone would be excited about going to college, but most people didn't have the money or the funds that afford it. |
| 139 | 00:24:38,759 --> 00:24:46,859 | But the main thing was, they didn't want to put the four years or six years for the master's degree to get that certification to allow them in the door to |
| 140 | 00:24:46,859 --> 00:24:56,639 | potentially market themselves for those high paying jobs. This is no different. Okay, I'm not giving you something that's going to be easy. It's not easy. I |
| 141 | 00:24:56,639 --> 00:25:05,279 | might make it look easy, but it's only because of my experience doing it but When my students come in, under my tutelage, they see just how hard this is. It |
| 142 | 00:25:05,279 --> 00:25:13,529 | is hard. So if you're one of the huge number of people that responded to the email address I posted on my community tab, because we're allowing people to |
| 143 | 00:25:13,529 --> 00:25:22,499 | come in and reserve their seats, because I have to see how much of a response I'm getting. And I have to prepare for that and bring in staff to, to work with |
| 144 | 00:25:22,499 --> 00:25:30,539 | that overload of people coming in. And we already see there's a lot of people wanting to come in. So that's the reason why I'm doing. I'm not disappearing. |
| 145 | 00:25:30,599 --> 00:25:37,709 | There's no one shutting my youtube channel down. I'm not running from anyone. So I want you to understand that, okay, there ain't nobody I'm afraid of. I'm not |
| 146 | 00:25:37,709 --> 00:25:47,339 | worried about nothing. The government sees what might be you say, and I'm on record the recording every single week, before it happens. Okay? I have federal |
| 147 | 00:25:47,339 --> 00:25:51,119 | people in my mentorship. Hello, what money for that. |
| 148 | 00:25:52,500 --> 00:26:07,740 | So here's the point, if folks that are willing to say I have something you want to learn, and it's trading, okay. Go on to trading view and show how that works |
| 149 | 00:26:07,860 --> 00:26:17,340 | in your hands. What do you do with the chart when it happens? To show an opportunity? Because I've never been impressed with just numbers saying how much |
| 150 | 00:26:17,340 --> 00:26:26,400 | they made big inflated numbers $50,000 per trade and such. Okay, listen, if they were showing those kind of results, they would show those kind of results in a |
| 151 | 00:26:26,400 --> 00:26:34,410 | bank statement. No big deal show a bank statement, sign on to your app on the phone say is where it got the positive. And you can see, here's the brokerage |
| 152 | 00:26:34,410 --> 00:26:45,960 | firm, deposited, received from this brokerage firm. It's a simple matter of doing that. But we don't see that nobody does that. So that's why they don't do |
| 153 | 00:26:45,960 --> 00:26:54,690 | it here. Okay, because the first thing is, well, if you can prove you can do it here, then now go back and show us all those screenshots that you put on |
| 154 | 00:26:54,720 --> 00:26:55,440 | Instagram, |
| 155 | 00:26:58,140 --> 00:26:58,890 | Unknown: discord, |
| 156 | 00:27:00,000 --> 00:27:09,960 | ICT: telegram, all those places where frauds operate. We would be expected you to say okay, well, you said you made that money. And you pulled a withdrawal out |
| 157 | 00:27:09,960 --> 00:27:22,920 | of there. See, I trolled on Twitter. Okay, I showed how it's easy to make people believe that you're making money. And I literally took a screen capture of an |
| 158 | 00:27:22,920 --> 00:27:34,110 | mp4 printout. And I took some numbers out, move them around. It wasn't Photoshop, I was just using it with paint, MS Paint. And I put it up there. And |
| 159 | 00:27:34,110 --> 00:27:41,490 | I said, Yeah, man living the lifestyle. You know, I don't remember exactly what it says a couple people that have that, that tweet back then. But I did a lot of |
| 160 | 00:27:41,490 --> 00:27:52,350 | trolling and a lot of stunts. And it was basically making fun of the people that show withdrawals when they're not really withdrawals. Because I don't have that |
| 161 | 00:27:53,070 --> 00:28:01,770 | empty for manager program. Because if I had to empty for manager program, I could have showed the negative symbol that's associated with taking a $3 million |
| 162 | 00:28:02,040 --> 00:28:15,780 | withdraw from the account. But my MS Paint didn't have the negative symbol on it. So right away, it that disqualifies me in terms of having a mt four manager |
| 163 | 00:28:15,780 --> 00:28:25,230 | program where I can go in and show all that stuff. Then when I showed a Live account that was really Live account through forex calm and when I was using it |
| 164 | 00:28:25,230 --> 00:28:31,860 | through mt four, and I haven't exhausted where I'm going with this, but I want you to understand come on to kind of clear the air with this because I have an |
| 165 | 00:28:31,860 --> 00:28:42,630 | opinion about Mt. Four. I don't think it's 100% fraudulent. I'm just saying the people that say they're profitable traders, and they sell education or whatever, |
| 166 | 00:28:43,020 --> 00:28:55,650 | or pretend to be rich. Those individuals have a burden of proof that needs to be satisfied in the public eye. I think I might be wrong. Maybe I'm expecting |
| 167 | 00:28:55,650 --> 00:29:04,980 | something that I'm not entitled to. But I think it just bodes well now especially in the environment that we have, because Adam Webb did a really good |
| 168 | 00:29:04,980 --> 00:29:13,800 | job of exposing it last year. And he made it very clear on Twitter. And once I saw that, I'm like, Okay, how do I rise up above that? Because I don't want |
| 169 | 00:29:13,800 --> 00:29:26,370 | anybody believe in that's how I do it. I really take the trades I entered the trades. So I moved away from Mt four. So I've trolled in the past I've done I've |
| 170 | 00:29:26,370 --> 00:29:39,480 | taught you stuff and hooked it up to Mt four accounts and put it to my FX book and I tanked the account on purpose. Because I know those websites have so many |
| 171 | 00:29:39,480 --> 00:29:47,460 | people using trade copier programs. And if I have a winning system, which I believe I do, everyone will be hooked up to it. And then they could be selling |
| 172 | 00:29:47,460 --> 00:29:55,260 | that and that sounds like conspiracy. It sounds like Oh, it's so far fetched. But that's why I don't do a my effects book because if I hook up to my effects |
| 173 | 00:29:55,260 --> 00:30:04,230 | book, the people that work over my effects book, they're in business. They're absolutely In business, as you'll see today, because my trades are more likely |
| 174 | 00:30:04,230 --> 00:30:14,550 | to pan out, because they're really linked to the logic behind how the algorithm delivers price each day, to answer all the uncertainties and the confusion, or |
| 175 | 00:30:14,550 --> 00:30:28,410 | the distrust that was surfacing back when I was on Twitter, I moved to this platform because it's not empty for if there's anybody out there that can show |
| 176 | 00:30:28,410 --> 00:30:42,120 | how anyone can manipulate tradingview.com because that's what this is. I mean, this is their platform. This would expose me because I'm executing on this |
| 177 | 00:30:42,120 --> 00:30:53,160 | platform. Okay, it's not a broker. It's this using a particular broker, forex calm their feed. Now I can go in here and use alanda, I can go in here and trade |
| 178 | 00:30:53,160 --> 00:31:05,100 | with whatever other ones that they unlisted. I showed before I clicked on this one. But their data is being piped into this platform. I don't have a way to go |
| 179 | 00:31:05,100 --> 00:31:15,420 | in and manipulate an entry where I'm getting in here and getting out down here. I don't have a way of doing that. And the way I remove all doubt, okay, because |
| 180 | 00:31:17,430 --> 00:31:30,000 | if I can't show you this, okay, if I can't show you how to execute and, and show how it looks like if this was a live trade, which everyone knows it's not, it's |
| 181 | 00:31:30,000 --> 00:31:39,630 | not. This is a paper trading application. It's this thing down here. Okay? That paper trading function is a way for you to learn in practice without you hurting |
| 182 | 00:31:39,630 --> 00:31:50,010 | yourself. That's important, folks. It's crucial for you to develop properly. Because you're not going to be influenced by the fear and the greed. You won't |
| 183 | 00:31:50,010 --> 00:31:58,500 | be fearful of executing because you're not worried about if that decision is wrong, because money won't leave that account. Because it's hypothetical money. |
| 184 | 00:31:59,520 --> 00:32:12,300 | As an educator, I push really hard for that framework, because you cannot learn as a newbie, okay, you cannot learn. And you see all these people. Here's a guy |
| 185 | 00:32:12,300 --> 00:32:22,080 | on on Instagram, I think he deleted his, his thing, but he's stone. He's now on YouTube, small channel, small guy claims he's a pastor. And he's claims itself. |
| 186 | 00:32:22,080 --> 00:32:32,430 | He's the world's greatest forex trader. And he has a video where he says you, I don't believe in demo accounts, I think that you need to learn how to trade with |
| 187 | 00:32:32,490 --> 00:32:42,780 | live funds. And as soon as I hear that, I'm like, okay, the videos getting turned off. Okay, I can't listen to someone that says that. And that's the most |
| 188 | 00:32:42,780 --> 00:32:52,950 | irresponsible thing any educator can say. There's so much theory and logic that you have to understand about why these markets look the way they do. It's |
| 189 | 00:32:53,070 --> 00:33:05,550 | foolish, it's just downright stupid for you to think that you can watch a couple videos or watch a webinar or seminar, or go to a workshop even. And then walk |
| 190 | 00:33:05,550 --> 00:33:13,140 | out of there thinking you know how to trade, you have no idea how you're going to feel when you put the trade on, even in demo. I have students that are |
| 191 | 00:33:13,140 --> 00:33:20,760 | watching my YouTube videos. They're not in mentorship, they're just watching the YouTube videos. And they tell me they have anxiety when they put a demo trade |
| 192 | 00:33:20,760 --> 00:33:32,070 | on, now that you might laugh, and you might think yourself, Wow, that's really, you know, it's terrible. That's what this industry does. It's a big mirror. And |
| 193 | 00:33:32,070 --> 00:33:44,760 | it will reflect and show you who you really are. And the thing is, most of you, the males, the young men, they come to this industry thinking they're going to |
| 194 | 00:33:44,760 --> 00:33:54,030 | come in here and conquer. And here it is, I was scared to death. first started, I had no idea what to expect, I didn't know that this level of consistency was |
| 195 | 00:33:54,030 --> 00:34:03,600 | available. I just wanted to be right once in a while. That leads to me eventually retiring at 40. That was my game plan. It was a long time horizon |
| 196 | 00:34:03,600 --> 00:34:12,960 | before I got to my destination. So I was already building in the idea that this is going to take a lot of work. And some of you hear that and thinking while |
| 197 | 00:34:12,990 --> 00:34:22,260 | doing that. Because I see these people on Instagram, and they're making $100,000 per trade. And I'm telling you, they're not. They're not doing that. Because if |
| 198 | 00:34:22,260 --> 00:34:31,260 | they did that they would show that money, go right to a bank account, and then take that money out of the bank and buy something with it. There's no denying |
| 199 | 00:34:31,260 --> 00:34:46,020 | it, then there's absolutely no denying that. So how do I fit in all this? I come to this platform, on trading view. I teach through this, my students see me |
| 200 | 00:34:46,020 --> 00:34:53,610 | outline where I think it's going to go. And I'm very specific about it. In recent weeks because of the consolidation, the markets have been in. I have been |
| 201 | 00:34:53,610 --> 00:35:06,420 | very clear and specific about how we are in a very Difficult trading environment for the short term because we're in a large consolidation. But because of that, |
| 202 | 00:35:06,420 --> 00:35:14,970 | I have to still tell them where I believe the markets going to go. And I said, the market was likely to go higher on dollar to those relative equal highs on |
| 203 | 00:35:14,970 --> 00:35:31,140 | the daily chart. So that sets the stage for runs lower on foreign currency. So if I can show you proof evidence that I can execute or push the button, it |
| 204 | 00:35:31,140 --> 00:35:40,050 | matters not if it's a Live account or not, because if I don't know what I'm doing, I'm going to fail, pushing this button. Because it's the same data. |
| 205 | 00:35:41,910 --> 00:35:53,610 | Anyone, anyone out there that wants to put money up live money, lots of money, okay, for me to dance for that to prove? Then Yeah, $75,000 was suggested. And |
| 206 | 00:35:53,610 --> 00:36:03,300 | I'm waiting for that to happen. Because that's what you'll get with that. But you're not going to get that because these people out here aren't prepared to |
| 207 | 00:36:03,300 --> 00:36:12,390 | deal with someone like me, because I'm doing. I'm doing what it is that they asked for. And it still doesn't answer. This is why I said back on baby pets, |
| 208 | 00:36:12,390 --> 00:36:18,360 | when they were asking you to do all this and do all that I'm like, you're not gonna it's not gonna answer it. I'm still gonna have 1020 different people |
| 209 | 00:36:18,540 --> 00:36:28,530 | say, well, but you didn't do this. But you didn't do this. So I'm not I'm not gonna live my life like that. I'm not gonna do it. I'm gonna provide to you what |
| 210 | 00:36:28,530 --> 00:36:40,110 | it is, I feel is ample evidence. And I'm already on record as to what I believe is going to happen. If I'm not saying the truth, people would be making videos |
| 211 | 00:36:40,110 --> 00:36:52,080 | and calling me out saying no ICT in the mentorship, you said this, this, this and this and this. And guess what? I would be exposed. That doesn't happen. Why |
| 212 | 00:36:52,080 --> 00:37:04,860 | doesn't that happen? Because all of these people, the 1000s of people who sit down every single week, they see me do it. Right. And when I'm uncertain, I'm |
| 213 | 00:37:04,860 --> 00:37:13,770 | honest. And I say I don't know right now. And I need to have more information. But I tell them where I still believe it's going right then in there gun to my |
| 214 | 00:37:13,770 --> 00:37:25,890 | head all the time. I have to cosign every single time, I'm still in the 90%. It's not bragging, I'm just saying that is a testimony to experience. That's |
| 215 | 00:37:25,890 --> 00:37:32,970 | what's lacking in this industry. You see all these people and you probably see it on my videos. When you click my video. This guy comes on here. What did you |
| 216 | 00:37:32,970 --> 00:37:41,850 | really think you were gonna learn how to trade on YouTube? We'll traders don't put videos on YouTube. While I'm a real trader, and I'm putting out the best |
| 217 | 00:37:41,850 --> 00:37:54,270 | information there is on trading. And you get to test drive it for free. But what happens when I start this whole process of approving improving, improving, it |
| 218 | 00:37:54,270 --> 00:38:02,820 | becomes a never ending ordeal. Okay, it never ends. Because somebody else will come to the channel and say, Oh, yeah, but you don't do this. I'm not gonna jump |
| 219 | 00:38:02,820 --> 00:38:13,620 | through everybody's hoop. I'm not that's what I'm not going to do. You have the burden of debunking what I'm proving here on tradingview. Mt. Four has already |
| 220 | 00:38:13,620 --> 00:38:24,630 | left the building. Okay, we're not even talking about Mt. Four. I'm not one of those clowns that do that. So I went and open up a demo account with IGN Comm. |
| 221 | 00:38:25,050 --> 00:38:34,020 | And I mistakingly in yesterday's video, I can't remember if I made this clear or not earlier, but I mistakenly refer to them as interactive brokers. And that's a |
| 222 | 00:38:34,020 --> 00:38:45,570 | mistake on my part. So I'm going to edit the description box under the video, annotating that I mistakenly call that platform interactive brokers. Reason why |
| 223 | 00:38:45,600 --> 00:38:54,390 | because I look up and I see AIG, and I've always referred to interactive brokers as IB. I just ran with it. I don't know why I said it did. But it doesn't change |
| 224 | 00:38:54,390 --> 00:39:07,410 | the fact that that is not, that's not an MT four platform. That's an executed trade. It's highly precise. And it's right there from the entry to exit. debunk |
| 225 | 00:39:07,410 --> 00:39:21,540 | it, debunk what I'm showing you on trading view. Okay. There's a lot of things out here that are going to hurt you. And if you just take a minute, just to |
| 226 | 00:39:21,540 --> 00:39:34,110 | consider how I teach and how I teach it on this YouTube channel. I do everything with safety in mind, first and foremost, mine. I'm not going to extend myself |
| 227 | 00:39:34,110 --> 00:39:47,190 | out to a point where I'm not entering an area where I'm expected to be certified. Okay, if I'm talking about demo price action, in a demo account, I |
| 228 | 00:39:47,190 --> 00:39:58,320 | don't need to be registered as a CTA to do that. We're talking about something you can't take money or take money from you by doing their safety in that that's |
| 229 | 00:39:58,320 --> 00:40:11,880 | why I do it. That doesn't Hide me. Okay, that's doesn't hide me from the burden of proving theory or concept because I do that here. Listen, there is no secret |
| 230 | 00:40:12,300 --> 00:40:18,810 | execution examples in my mentorship. All of my executions are always public on this YouTube channel. |
| 231 | 00:40:19,110 --> 00:40:20,070 | Oh, |
| 232 | 00:40:20,490 --> 00:40:30,960 | yeah. I do it that way. Because when the regulator's do look into me, this is what everyone sees. I'm not enticing anyone into, here's the real secret trades |
| 233 | 00:40:30,990 --> 00:40:42,420 | know, if I'm going to execute, I'm going to share it and publicly put it on this YouTube channel. That's it. I wear everything out in the open. It's simple as |
| 234 | 00:40:42,420 --> 00:40:56,820 | that. I tell you, it's a demo, I don't lie to you about that. I'm very clear about it. Because I'm a proponent. I believe that it is critical for anyone |
| 235 | 00:40:56,820 --> 00:41:03,960 | that's even considering trading in the future with live funds, they need to spend a lot of time in this environment, because you're gonna learn a lot about |
| 236 | 00:41:03,960 --> 00:41:13,890 | yourself, you're gonna learn about price and how you, how are you influenced by the fluctuations in these charts, because they are like, mirrors, they're going |
| 237 | 00:41:13,890 --> 00:41:26,280 | to show you something in you that many times is the problem, you're the problem, you are the problem. It's not me the mentor, it's not the concepts you are, Oh, |
| 238 | 00:41:26,310 --> 00:41:34,140 | hang in here, somebody's going to use this part in the video make a big case out of it. But it's the truth. Because you probably are bringing in preconceived |
| 239 | 00:41:34,140 --> 00:41:48,000 | ideas, and treasured concepts and applications. And you think that this should plug and play and make that better. When very well meaning people are operating |
| 240 | 00:41:48,060 --> 00:41:59,670 | YouTube channels, with forex. And he listened to me and it sounds like I'm bashing them on the rocks. And I'm not really unless I specifically come out and |
| 241 | 00:41:59,670 --> 00:42:09,540 | say this particular person or that particular channel, I'm not really thinking of anyone in particular, except for the grand scheme of retail logic. Because |
| 242 | 00:42:10,500 --> 00:42:21,960 | it's flawed. The way I interpret price is the way I teach it. And if I can't execute on the basis of the things that I teach, then you have no business |
| 243 | 00:42:21,960 --> 00:42:33,120 | listening to me, I should not be listened to I should not be followed, I should not be believed. But I do push the button. You see it, when the chart is naked |
| 244 | 00:42:33,120 --> 00:42:45,870 | like this to the point where the orders entered. Please tell me how that's faked. It's not just here, I did it in nije account. I've done it on Mt. Four. |
| 245 | 00:42:46,410 --> 00:43:04,920 | Okay, but to avoid all of the fear that I could possibly be scamming you. I've done this, okay. Every single day, every single day, I could sit down here and |
| 246 | 00:43:04,920 --> 00:43:19,500 | put an example up every day. If I do that every single day, without fail, I'm going to eventually have a losing trade. I don't believe that day trading is |
| 247 | 00:43:19,500 --> 00:43:28,860 | every day trading. There are times when the market is really predisposed to go one direction. And it's so set up perfectly that I can see the setups my |
| 248 | 00:43:28,860 --> 00:43:39,450 | students can see the setups before they come to fruition. That's experience, but you need to see it over and over and over again. And what does it look like. |
| 249 | 00:43:39,750 --> 00:43:49,440 | Because if you can see what it looks like, then when you watch my examples, you can see what I see forming. And then when I engage, it makes more sense to you. |
| 250 | 00:43:50,580 --> 00:43:58,680 | And you don't need to see a live account, you don't see you don't need to see my $100,000 cars. You don't need to see that. You don't you don't need to see my |
| 251 | 00:43:58,680 --> 00:44:07,620 | $65,000 watches, you don't need to see that either. You don't need to see my closet full of clothes I probably will never ever wear. You don't need to see |
| 252 | 00:44:07,620 --> 00:44:16,830 | all the shoes that I own because I'm probably never gonna wear them either. That doesn't mean anything. If I believe that that mattered or had an influence over |
| 253 | 00:44:16,830 --> 00:44:27,000 | whether or not you're going to be successful, it would be in my YouTube videos. But it doesn't, it distracts because you have a lot of work here. You got to |
| 254 | 00:44:27,000 --> 00:44:37,200 | learn a lot. And most of it's about you figure out what you're going to do to derail yourself. And if you can identify those things and hopefully make a |
| 255 | 00:44:37,200 --> 00:44:47,760 | replacement or completely remove that idea. That would derail your success or at least prolong it, then you have a chance. It's not a guarantee, but you have a |
| 256 | 00:44:47,760 --> 00:44:55,440 | good chance of getting here. But most people fail at that stage because they don't like the pain of seeing that they're the problem. |
| 257 | 00:44:56,909 --> 00:45:08,009 | They're the reason why they lost their job. They're the reason why they can't find success in anything they do. And they're the ones that always complain |
| 258 | 00:45:08,009 --> 00:45:15,839 | chronically that, Oh, you got a bad rap, Oh, got a bad string of luck, I got a black cloud ride never taught me it's always them coming after me, I'm always |
| 259 | 00:45:15,839 --> 00:45:27,149 | the victim. If you think like that, I'm telling you, right now, you're going to fail, you're gonna fail at this because this is extremely hard. And what makes |
| 260 | 00:45:27,149 --> 00:45:36,959 | it hard is you have to compete with yourself initially. And then eventually, when you identify the problems that you bring to the table, and you remove that |
| 261 | 00:45:36,959 --> 00:45:50,159 | or correct it, in your way of thinking. That's the natural order. That's the process that everyone goes through. But 90% of those people that fail. That's |
| 262 | 00:45:50,159 --> 00:46:01,439 | where they stop, because they don't like that discovery of who they really are. And I bring that to the forefront in this YouTube video. Well, not this, well, |
| 263 | 00:46:01,439 --> 00:46:10,349 | maybe not so much. This one. Yeah. But most of the other videos, I bring that to light, because that's what's missing in all of these educators. They don't have |
| 264 | 00:46:10,349 --> 00:46:16,169 | a way of communicating that because they don't want you to get up and walk out of their seminars. They don't want you to turn off to me, I don't mind if you |
| 265 | 00:46:16,169 --> 00:46:23,339 | turn it, most of you probably have gotten sick and tired of me talking, you probably sped the video up and now scrubbed forward. But this is the stuff you |
| 266 | 00:46:23,339 --> 00:46:33,419 | need to hear. But nobody really wants to hear that. Because they think, show me the pattern. And I'll be able to duplicate it and repeat it. Just like educators |
| 267 | 00:46:33,419 --> 00:46:39,749 | watch my videos. And they think I'll just say what he says, changed a little bit of this and changed a bit of that in the name. And then I'll be able to get |
| 268 | 00:46:39,749 --> 00:46:52,739 | credit for being a smart Match Game educator. And no, think I'm making lots of money to know there's a litany test that everyone should go through, go to a |
| 269 | 00:46:52,739 --> 00:47:06,419 | public forum like this trading view, execute on it, not just one time, do weekly, everything every single week, do it for a couple months. And then maybe |
| 270 | 00:47:07,229 --> 00:47:14,039 | you should be listened to. But if you're talking about stuff to Africa trade here at the country, and you listen to him, he said, Yeah, I think I took a |
| 271 | 00:47:14,039 --> 00:47:22,019 | trip. It was somewhere in here. I know where I got in it. I know where I entered. I know where my partials are, I'm not gonna forget about it. I'm not |
| 272 | 00:47:22,019 --> 00:47:31,469 | gonna be I'm unsure where the trade was, right, this took, we're talking about the same day these people are making these videos. It's disgusting. It's |
| 273 | 00:47:31,469 --> 00:47:42,389 | disgusting to see that stuff. So that's, this is the reason why I do I don't need to do this, folks. Listen, before I came back to YouTube this year. I'm |
| 274 | 00:47:42,389 --> 00:47:56,609 | making lots of money, just through mentorship. I never, ever, ever, ever, ever, ever, ever need to worry about placing a live trade ever again. That's how much |
| 275 | 00:47:56,609 --> 00:48:04,499 | money I've made in the mentorship. I'm not bragging, I'm just making you understand, where's the incentive for me to go and put money into a lab account |
| 276 | 00:48:04,499 --> 00:48:14,189 | and trade it? Where is the incentive for that? I don't need to do that. all it's doing is adding more money to me in taxes. It's just it's it's stupid. And at |
| 277 | 00:48:14,189 --> 00:48:28,679 | some point, it's dumb. So I still do this to prove I can within the realm of the legal limits that I'm under. I'm not certified to give trade advice. I am |
| 278 | 00:48:28,679 --> 00:48:38,099 | absolutely free to talk about price action in a demo account. That's completely spelled out in our agreement when you enroll, you know that I'm only going to |
| 279 | 00:48:38,099 --> 00:48:45,749 | talk about demonstrating You know, I'm only going to talk about hypothetical results, because that's what the requirement is for the laws. I have to state |
| 280 | 00:48:45,749 --> 00:48:56,129 | those things. I'm never being looked at as, look he made $50,000 on that trade. And that was lie funds. No one comes to me and sees that and says, Oh yeah, |
| 281 | 00:48:56,129 --> 00:49:10,709 | that's he has made live money with that. They understand why I'm doing what I'm doing. I'm showing that I can execute. I can push the button. Okay. But no one |
| 282 | 00:49:10,709 --> 00:49:26,129 | else is doing it. I have worn this crown of demo baller since the days on baby pips 2010. And it's not been a hindrance on 1000s of people coming in and |
| 283 | 00:49:26,129 --> 00:49:36,989 | learning how to read price action before it happens with a level of precision that's unrivaled. But there's going to be times never thought get to this point. |
| 284 | 00:49:38,039 --> 00:49:46,589 | There's gonna be times where if you were in front of the chart, you would have executed but you missed that moment. You missed the entry up here. What can you |
| 285 | 00:49:46,589 --> 00:49:56,579 | do? Well, you can use a limit order and wait for the market to drive back up into this swing. But then work inside of this range here. |
| 286 | 00:49:58,530 --> 00:50:12,270 | This downside candle extended out in time, if it trades to and above it, about to what? Here's the body of that candle right here. What's the close on that |
| 287 | 00:50:12,270 --> 00:50:32,160 | candle? 117 37.4? What's the high on that candle? 117 37.4. That's perfection, folks. I'm not looking at this. Okay, I'm not looking at that level, saying, Oh, |
| 288 | 00:50:32,160 --> 00:50:43,470 | yeah, that's support, broken turn resistance, even though Yes, that's in effect, what's being going on here, what I'm looking at price, I'm looking at price |
| 289 | 00:50:43,470 --> 00:50:51,900 | going right back to the body of that candle right there, because that's a mitigation block. What's actually occurring there. If everyone that's trading |
| 290 | 00:50:52,590 --> 00:51:00,090 | the euro dollar here, the markets dropping down, you know, as well as I do, because I used to do this back when I was a commodity trader, back in the 90s. |
| 291 | 00:51:00,660 --> 00:51:08,490 | When the market started dropping, I would chase it and go short, then, because I didn't want to be left behind because if it moved, at least I was part of it. |
| 292 | 00:51:10,020 --> 00:51:20,190 | Well, that's what's occurring here. traders are seeing this big move and dropping down here, they're going short. So who's taking the other side of that |
| 293 | 00:51:20,190 --> 00:51:31,740 | trade? A bank, it's not always another trader, a bank is offering that liquidity. So if a retail traders selling short, they're selling to have the |
| 294 | 00:51:31,740 --> 00:51:41,040 | other side of that trade, filled as a Counterparty, it needs to be someone that wants to buy. So they're buying, the bank is buying here to facilitate and |
| 295 | 00:51:41,070 --> 00:51:50,880 | provide the liquidity to the traders that are chasing this going lower, and they're selling short. So this last candle here sets the stage for a turning |
| 296 | 00:51:50,880 --> 00:52:06,600 | point that we can see here now, while the markets rallying up, this delivery of price is also being met with what Counterparty delivery on the bank level, those |
| 297 | 00:52:06,630 --> 00:52:15,810 | st traders that are buying thinking that's going to go up from here, the bank has to do what, it's not always another trader, the bank has to provide the |
| 298 | 00:52:15,810 --> 00:52:30,540 | liquidity there. So the markets going up, and they're selling liquidity to the buyers here. This whole time, this area here, the orders that they used to be |
| 299 | 00:52:30,540 --> 00:52:40,710 | counterparties to the Long's here. They're okay with that. Because they're selling that liquidity to them. So if the market does break this low, it's okay, |
| 300 | 00:52:40,710 --> 00:52:53,460 | they're fine. But what about the orders that were in here, they were buying to the sellers. When the markets going up, they're making a profit, but they may |
| 301 | 00:52:53,460 --> 00:53:05,580 | not have gotten an opportunity in terms of time to get all of it off at this point here, or during this rally up. So they're holding Long's that they offered |
| 302 | 00:53:05,610 --> 00:53:17,460 | in all of this delivery here. When the market breaks this low here, it stays below it allowing bank traders to get out of their lungs that they use for |
| 303 | 00:53:17,460 --> 00:53:28,320 | liquidity purposes. That is what a mitigation block is. Now, that's not me teaching mentorship, that's just giving you a public level description of it, |
| 304 | 00:53:29,880 --> 00:53:39,720 | pulling it out and showing you and in working with examples and then building other things around this particular candle. That's mentorship. Okay, so I had |
| 305 | 00:53:39,720 --> 00:53:48,240 | two people. Email me about the most recent video I did, where it was an advanced lesson I said that was something that a charter member would see. They were |
| 306 | 00:53:48,240 --> 00:53:54,030 | concerned, they're not charter members, but they're like, like, why I'm paying for this and you're teaching everything on YouTube. No, I'm not. I'm |
| 307 | 00:53:54,030 --> 00:54:01,830 | demonstrating. That's it. Teaching is much more broad and deeper |
| 308 | 00:54:01,889 --> 00:54:10,079 | in the scope of what it is that's going on. And just because of outlined but a mitigation block is here. It doesn't necessarily mean that people watching this |
| 309 | 00:54:10,079 --> 00:54:18,389 | video gonna be able to go to tomorrow's price action and use that information. Because there's other logic behind all this to has to be considered as well. And |
| 310 | 00:54:18,389 --> 00:54:27,839 | again, that's what mentorship is, it's not I have all the videos and I know his mentorship no you don't you have videos that just introduce something I have not |
| 311 | 00:54:27,839 --> 00:54:37,619 | yet exhausted anything. But I want you understand what I'm looking at here when you watch me put the trade on, because I do have a recording. And you can see me |
| 312 | 00:54:37,619 --> 00:54:51,179 | entering here, not on the basis of a market order. It's a limit order. I'm waiting for it to come up into it. And fill my fill is 117 36. Now why is it |
| 313 | 00:54:51,179 --> 00:55:04,889 | 117 36 and not exactly at 117 37. And for pets like the low here or I'm sorry, the The close here 117 37. And for puppets, why didn't have my limit order right |
| 314 | 00:55:04,889 --> 00:55:18,119 | there. Because it might not have hit that one PIP yet. So I dropped down one full PIP to allow for as much as I possibly can expect to get to, and then watch |
| 315 | 00:55:18,119 --> 00:55:28,259 | it trade lower. Now here's the thing that you need to think about. You see me adjust my stop and bring it down. Now everyone's familiar with this little area |
| 316 | 00:55:28,259 --> 00:55:35,039 | now because of me talking about it. And even Chris, Lori's talked about it, too. And they'll say, Oh, that's a liquidity void. And price needs to come back up |
| 317 | 00:55:35,039 --> 00:55:44,699 | here and fill that no, it does not. It does not need to do that. That's what mentorship teaches. A mentor that understands the delivery of price knows when |
| 318 | 00:55:44,699 --> 00:55:54,389 | these things are expected to be filled, and when they're not expected to be filled. That's what separates me from that of Chris Laurie. And that's not a |
| 319 | 00:55:54,389 --> 00:56:05,549 | knock against him, I firmly believe that if you went to him, you would learn how to trade price action, I believe that he does a adequate job of doing that. But |
| 320 | 00:56:05,549 --> 00:56:12,989 | that's not all there is. Okay. So I want you to understand that. And he's the only other person in this industry that I point to and say, if you don't want to |
| 321 | 00:56:12,989 --> 00:56:22,499 | learn from me, fine. That's not a problem. Check out Chris Laurie, and he does not pay me. He doesn't. There's no connection, there's no, there's no business |
| 322 | 00:56:22,499 --> 00:56:33,449 | arrangement. Okay, I just believe the man is worth listening to. Simple, okay. So if you don't like me, or like my trading, teaching style, then go to him. |
| 323 | 00:56:34,319 --> 00:56:51,509 | He's nowhere near as aggressive as I can be sometimes. But as the market trades above this low and into the close of that candle, I'm anticipating that being |
| 324 | 00:56:51,539 --> 00:57:01,859 | the turning point, not because it was support, broken turn resistance, all the logic that has outlined right now, that was the real reason why this level |
| 325 | 00:57:01,949 --> 00:57:12,419 | should even act as resistance at all. Now, you don't find that level of description and outline about support and resistance and books because they |
| 326 | 00:57:12,419 --> 00:57:24,299 | don't know it. It's just find a low, find a high and let's hope it works. I don't look at turning points in the charts and say, I hope this turns here. |
| 327 | 00:57:25,199 --> 00:57:34,469 | There's a lot of evidence behind why I'm picking a particular level, like my order blocks. Everybody's out here making order block videos. And I'm getting |
| 328 | 00:57:34,469 --> 00:57:43,529 | videos, links sent to me, this guy's teaching order blocks. And I watched a video that's not teaching where blocks Come on now that he might call it an |
| 329 | 00:57:43,529 --> 00:57:53,279 | order block, okay, or they call it a an institutional candle. But it's not even right. It's not right. They'll talk about where they can see it on the left side |
| 330 | 00:57:53,279 --> 00:58:04,739 | of chart, but they can't find the right ones on the hard right side edge of the chart. That's where I'm at. That's what makes me ICT. I'm different. Because of |
| 331 | 00:58:04,739 --> 00:58:15,119 | that. I can do that. And I can execute it here and prove to you that I can see it before it happens. So if you missed the ideal move, so you thought I |
| 332 | 00:58:15,119 --> 00:58:27,809 | forgotten where I was going. When you see these moves here and you miss them, don't freak out. Because the idea is, this is the low down here, that line that |
| 333 | 00:58:27,809 --> 00:58:40,379 | we outline from the daily chart. Okay, that's where the price is likely to draw down to. So if it goes down to this point here, isn't it reasonable to expect if |
| 334 | 00:58:40,379 --> 00:58:51,659 | you were going short and anywhere in here and if it rode down to this level here? Isn't that a tradable range? In other words, if you went short here, and |
| 335 | 00:58:51,659 --> 00:59:02,459 | you were trying to get out here what makes that a poor choice for short? Nothing Nothing makes that a poor choice for short. Except for |
| 336 | 00:59:02,790 --> 00:59:12,030 | Well, I missed this move here now I'm scared or ICT is made videos were talking about trading it down here short, that's chasing price. No, this is not chasing |
| 337 | 00:59:12,030 --> 00:59:27,810 | price. I'm waiting for price to come up to my order to my price. I sell short when price is going up. I buy when price is dropping. I have to do that. Because |
| 338 | 00:59:27,810 --> 00:59:39,210 | what I'm doing is I'm mimicking smart money. What is smart money? The bank traders know. Let me just clear the air there too. There are bank traders. |
| 339 | 00:59:40,080 --> 00:59:53,160 | Goldman Sachs, JP Morgan. Okay, they're their bank traders. They do not operate with what I teach, period. Now I've had people from those places come to me as |
| 340 | 00:59:53,160 --> 01:00:04,830 | students now. And they'll tell you if we were sitting in a room, that what you're learning is is not institutionally trained, when you go to those places, |
| 341 | 01:00:05,610 --> 01:00:12,840 | in fact, you can actually listen to these types of people on YouTube. And they'll say the things that occur in intraday charts is noise. It's nonsense. |
| 342 | 01:00:12,840 --> 01:00:21,630 | There's no way of measuring supply and demand. It's this con man job. It's if anybody tells you that they can see that stuff run away from them. They're a con |
| 343 | 01:00:21,630 --> 01:00:36,840 | man. They're lying. I'm here every week, saying Look at this. Because they are not thinking with an algorithm, thought process. They're thinking in terms of |
| 344 | 01:00:36,840 --> 01:00:48,570 | valuation, and supply and demand, which neither of those two things are even factored into how the algorithm works. Oh, what did you just say? Yeah, |
| 345 | 01:00:49,350 --> 01:01:00,360 | reminded. I prove this stuff every single week. It's not moving because of buying and selling pressure. |
| 346 | 01:01:01,110 --> 01:01:13,110 | It's not. It's controlled, it's manipulated. When I say smart money, I'm saying that the traders above the bank level traders, the interbank traders, the people |
| 347 | 01:01:13,110 --> 01:01:24,480 | that are working with this information that I'm making public. That's why I say I hear ridicule everyone that says, Yeah, I'm from prop shop this, I'm a former |
| 348 | 01:01:25,320 --> 01:01:39,300 | Goldman Sachs this I'm a former JP Morgan that, okay. Keep up with me. Trust me, these people, when they communicate with me, they're saying, This is |
| 349 | 01:01:39,330 --> 01:01:53,700 | unbelievable. Like, what you're talking about improving and showing and pointing to before it happens. No one's doing that. And I know, let's go ICT does. So all |
| 350 | 01:01:53,700 --> 01:02:03,480 | you have to do is investigate it, check it out and see for yourself, test it. But how do you use limit orders to get in here and not just simply chase it |
| 351 | 01:02:03,480 --> 01:02:17,520 | going short. Anywhere from the close of this candle down to the low if you put a sell limit order in there, okay. And your stop has to be above this area here. |
| 352 | 01:02:18,150 --> 01:02:25,950 | Because it could go into this little bit like it did here. It could have went a little bit deeper into this candle here. If my stock was really ultra tight, |
| 353 | 01:02:25,950 --> 01:02:33,630 | like you see some people on Instagram saying, Yeah, I used to three pips stop losses? No, you don't. And I got a million dollars of real currency says you |
| 354 | 01:02:33,630 --> 01:02:43,020 | don't. Because if you're putting a three PIP stop loss in your trades, the bank or not the bank, but the broker can open the spread up on that and get you. And |
| 355 | 01:02:43,020 --> 01:02:53,910 | that's reasonable. And a nothing you can do about it. When you sign up, you're giving them permission, that you understand that when it's advantageous for |
| 356 | 01:02:53,910 --> 01:03:00,840 | them. They're not saying it like this, but that's what the wording is. Take it to a lawyer if you think I'm lying. But when it's advantageous for them to do so |
| 357 | 01:03:00,870 --> 01:03:12,360 | they can open the spreads up and take your three PIP stop loss. So don't believe these people are trading with three PIP stop losses. No, you're not thinking 10 |
| 358 | 01:03:12,360 --> 01:03:23,160 | pips is about as low as I go. And most most of the time it's a 15 PIP stop loss. To be fair, it's I'm fluffing it up a little bit with five pips, in addition to |
| 359 | 01:03:23,310 --> 01:03:34,620 | what I think may not move 10 pips, I'm still going to use a 15 Pip. Because I know that the likelihood of me getting stopped out is still there. Because of |
| 360 | 01:03:34,620 --> 01:03:44,640 | the broker, the broker still is a entity that looks to make money. And if it's not always them, trying to get you out of the order for the sake of you losing |
| 361 | 01:03:44,640 --> 01:03:54,900 | money, but that's how they get Commission, the turnover. Okay, so if they push you out of the trade, they're not always on the other side of your trade, taking |
| 362 | 01:03:54,900 --> 01:04:04,740 | that into profits always, constantly be referred to Oh, Union brokers getting me he's taking money. He's taking the transaction costs of you moving out of the |
| 363 | 01:04:04,740 --> 01:04:14,610 | marketplace with your stop loss. Okay. So that's the mechanism that's we're at work. So it's not that the brokers are villains. They're not there. They're |
| 364 | 01:04:14,670 --> 01:04:26,400 | required. They're middlemen. So we should not be vilifying brokers in the basis of how they were operating when foreign exchange became open to the public years |
| 365 | 01:04:26,400 --> 01:04:34,890 | ago, okay, almost 20 years ago. So because that was a wild wild west scenario back then. And it was really terrible, the fraud that was going on, opening up |
| 366 | 01:04:34,890 --> 01:04:45,000 | 2030 pips. It was some wild stuff going on, but we don't have that anymore. Okay. But before I get into the limit order, I want to say this and then I have |
| 367 | 01:04:45,030 --> 01:04:59,100 | answered it. The idea of Mt. Four, okay, if you're going to be a teacher, you should prove yourself effective in seeing price action moves and executing an |
| 368 | 01:04:59,130 --> 01:05:11,670 | engaging price. Outside of Mt four only because it's been made apparent last year. Okay, everyone kind of figured it was going on, but no one really solid. |
| 369 | 01:05:11,910 --> 01:05:25,770 | In Ephraim. For me, I didn't see it until Adam Webb did it. That idea of it could be going on when you want to remove that from your viewership. Like, I |
| 370 | 01:05:25,770 --> 01:05:33,660 | don't want my viewership to ever doubt that I can do this. Because if you doubt that you're not going to really focus on the lessons, like this video here. |
| 371 | 01:05:33,780 --> 01:05:40,380 | There's a lot of good information in this video right now. But if you're hung up on this guy's a fraud, this guy's a fraud, this guy's a fraud, this guy's a |
| 372 | 01:05:40,380 --> 01:05:43,380 | fraud, then you're missing all the point. |
| 373 | 01:05:45,420 --> 01:05:54,540 | But if you are teaching, or you're selling a mentorship, or you're teaching a course, and you're trying to collect money for that, you're obligated now to |
| 374 | 01:05:54,540 --> 01:06:08,040 | show executions on a non empty four platform. And here's where I'm dividing the group once we state that you don't necessarily have to do it with a Live |
| 375 | 01:06:08,040 --> 01:06:17,220 | account, not to satisfy me, because if you could do it on tradingview, a couple of weeks in a row that would satisfy that you to me that at least you can engage |
| 376 | 01:06:17,880 --> 01:06:26,700 | and manage a trade, use a stop at the beginning and manage it appropriately, and get to a target and pay yourself. Thing great. I wouldn't have a problem with |
| 377 | 01:06:26,700 --> 01:06:32,670 | somebody like that. I would love to watch that. I love watching that, no matter who it is trading. I don't want to see people fail, but when they do it right. I |
| 378 | 01:06:32,670 --> 01:06:40,560 | love that. It's inspirational to me and I still get inspired by the people when they really do a good job of trading. But I'm only seeing it after it happens. I |
| 379 | 01:06:40,560 --> 01:06:45,120 | would love to see people watching you them do it like I do on this YouTube channel. |
| 380 | 01:06:45,840 --> 01:06:46,350 | But |
| 381 | 01:06:47,490 --> 01:06:59,430 | does that same stigmatism about mt four apply to you as a developing student? No. Now here's the great divide. Okay, because right now, there's a young lady. |
| 382 | 01:06:59,460 --> 01:07:06,060 | And I'm assuming she's young, because she said she was young. But the information on the internet says she's just six years younger than me. And |
| 383 | 01:07:06,060 --> 01:07:16,080 | that's none of my business. But I just find it interesting. But nonetheless, she makes a case against all these traders that are teaching. And I say traders |
| 384 | 01:07:16,110 --> 01:07:26,160 | loosely because I don't know if they really trade. But if you sell education, and I have now just been recently lumped into this, I, I've been proving myself |
| 385 | 01:07:26,160 --> 01:07:35,580 | outside of an MT four platform for a long time. And I have no problem continue. I'm not going away. I don't shy away from that kind of stuff. And I'm certainly |
| 386 | 01:07:35,580 --> 01:07:43,140 | not going to be exposed to the point where I'm shamed. I'm going to go because I'm honest, I tell everybody what's up, and how I'm operating and what they're |
| 387 | 01:07:43,140 --> 01:07:56,520 | going to be expected to get from me. But the great divide, okay, when you listen to people that are trying to expose other people, which I think is really not a |
| 388 | 01:07:56,520 --> 01:08:03,120 | problem, because if there's someone scamming, they should be exposed, they should be warning the public, don't you be careful with this person, okay? |
| 389 | 01:08:03,120 --> 01:08:11,160 | Because then they are a known scammer, or they frauded this person or that person, not just take the word on it, but investigate it. That's why I said, Let |
| 390 | 01:08:11,160 --> 01:08:21,960 | me look into what I'm teaching you here. Okay. I don't dangle cash in front of you. I don't try to do that. So if someone says Mt. Four is a scam, and I |
| 391 | 01:08:21,960 --> 01:08:32,850 | believe it is a scam, when it's used by educators, because they're only showing you the post trade results, then there was no logic behind the trade. You don't |
| 392 | 01:08:32,850 --> 01:08:43,290 | see anything saying, you know, or showing clearly that they entered the trade. Not an entry that was made off the chart, where you see the order go in, you see |
| 393 | 01:08:43,290 --> 01:08:52,770 | the stock go in, and the targets there and they manage that that is not empty for manipulation. Okay? Not if the orders are placed before the moves happen, |
| 394 | 01:08:52,770 --> 01:09:02,280 | and then it goes through and pans out. That's not empty for manipulation. I did those types of examples. But because a lot of people come into this industry, |
| 395 | 01:09:02,280 --> 01:09:13,950 | and Now many of you are coming in, and you're really greenhorns, that means you're new, like you're really really new. You can easily say okay, because he's |
| 396 | 01:09:13,950 --> 01:09:26,160 | using mt four in the past, he's a scammer, because I have seen this happen. To avoid the confusion, I want you to understand why Mt. Four is not a complete |
| 397 | 01:09:26,160 --> 01:09:35,220 | scam. Okay? And I want you to understand and listen to this because because this is the real balanced view of it. And it's not my interpretation or it's just the |
| 398 | 01:09:35,220 --> 01:09:56,100 | facts. If you look at other quote unquote institutional brokerage firms, like TD Waterhouse or E trade or tasty trades or anybody else out there, they all have a |
| 399 | 01:09:56,100 --> 01:10:08,310 | very uniform in you know, low hanging threshold that you have to meet in terms of opening an account. And honestly, most people, when they get involved in |
| 400 | 01:10:08,310 --> 01:10:19,410 | forex, they don't have a lot of money. They don't have it. So those brokerage firms are not approachable for 90% of people that are dabbling. Okay are |
| 401 | 01:10:19,410 --> 01:10:32,190 | interested initially in forex, so why I never go out and say, go to Atlanta, go to forex.com go to Joe Schmo his brokerage firm. Okay. I do say this, use a |
| 402 | 01:10:32,190 --> 01:10:43,680 | regulated broker in the US who are regulated brokers. Well, I just mentioned two of them forex.com alanda. Okay, those two brokerage firms I have opened up |
| 403 | 01:10:43,680 --> 01:10:55,680 | accounts with in the past, I have had those accounts closed, because they discovered I was allowing my son's to trade them. I wanted them to test the |
| 404 | 01:10:55,680 --> 01:11:03,930 | theories. And they were the ones operating. And I made the mistake of saying I did that on the phone with one of the guys when I had an issue with the account. |
| 405 | 01:11:04,380 --> 01:11:12,750 | And he says so you're not trading the account. I said, now it's just my 16 year old right away. They said, okay, they ended the phone call. And that was it. The |
| 406 | 01:11:12,840 --> 01:11:22,500 | account was closed, and it was done. And they sent me the balance in a check. Because of regulation. Only the trader that opens the account up is allowed |
| 407 | 01:11:22,500 --> 01:11:29,460 | legally to trade that account. But as a dad, you know, I was thinking, well, it's my money if they lose it, who cares? So |
| 408 | 01:11:31,590 --> 01:11:42,240 | if you are looking at Mt for now, because of all the stigmatism that's been placed around it, there is absolutely no reason for you to think that forex.com |
| 409 | 01:11:42,270 --> 01:11:53,520 | Oro and R are bad guys. Okay, I have no affiliation to forex.com I have no affiliation to Oh, and I am not an introducing broker, I get nothing for saying |
| 410 | 01:11:53,520 --> 01:12:02,400 | these things. But what I'm telling you is I'm giving you the antithesis to what everything is being promoted right now. Everything empty for is a scam. Now it's |
| 411 | 01:12:02,400 --> 01:12:16,110 | not okay. You may only have 100 bucks, or 200 bucks or whatever, okay? Some of these brokerage firms will allow you to open up with considerably less money, |
| 412 | 01:12:16,350 --> 01:12:26,670 | then an E trade account at TD Waterhouse or I don't even I'm, I don't use on this continent, kind of using the names that's being thrown around right now. |
| 413 | 01:12:26,820 --> 01:12:34,470 | Okay. Interactive brokers, for instance, like you can't go to interactive brokers and say, Yeah, I got 500 hours, can I open up an account to trade forex? |
| 414 | 01:12:34,500 --> 01:12:46,080 | They're gonna say no, they ain't got time for that. Okay. So you have this great chasm of the divide between those types of brokerage firms, which are absolutely |
| 415 | 01:12:46,080 --> 01:12:58,530 | reputable. There's nothing wrong with them either. It's just they have a higher threshold of entry that you have to meet as a trader. Okay, so if you're |
| 416 | 01:12:58,530 --> 01:13:06,090 | learning how to trade forex, and you're thinking that the only way to do this properly and not get scammed, is you have to go to these high end brokerage |
| 417 | 01:13:06,090 --> 01:13:17,670 | firms. That's not true, you should be open to the idea of using a forex calm or a low end account, where they have a lower entry threshold in terms of how much |
| 418 | 01:13:17,670 --> 01:13:27,480 | money is required to open up your account. Those brokerage firms are more appropriate for 90% of the Forex community that just gets involved. Okay, so |
| 419 | 01:13:27,690 --> 01:13:38,520 | hopefully that has answered a lot of confusion about this mess that's been stirred up by a young lady in Florida. Mt. Four is not a scam when you're the |
| 420 | 01:13:38,520 --> 01:13:45,540 | one placing your money in a regulated broker here in the States because guess what, ma'am? There are regulated brokers here that still operate on Mt for |
| 421 | 01:13:46,500 --> 01:13:58,980 | forex, calm and alanda. But as an educator, I'm in agreement with her that, yes, educators should be showing executions and pushing the button, like you see me |
| 422 | 01:13:58,980 --> 01:14:09,120 | doing here on trading view, which is a non empty for platform. And I would love to find someone that can gain this. Because I, I would be interested, see how |
| 423 | 01:14:09,120 --> 01:14:17,640 | they're doing it. And if they did, I'd have to come off of this and do something else entirely. But the point is this. There's always going to be people out here |
| 424 | 01:14:17,640 --> 01:14:24,090 | that's going to doubt there's always gonna be people who have naysayers, attitudes, there's going to be toxic especially now in today's society. There's |
| 425 | 01:14:24,090 --> 01:14:35,880 | this monstrous, this gross feeling of entitlement, you need to show me you need to show me only people that need to show are people that are educating and |
| 426 | 01:14:35,880 --> 01:14:45,840 | collecting money, and I do what I believe is absolutely reasonable. I'm here on tradingview I show you the executions I show you the logic and now I've even |
| 427 | 01:14:45,840 --> 01:14:54,570 | outlined what I was using before the fact Okay, why the limit order was placed there why I had my stop there. Okay, why I was looking for to go down to this |
| 428 | 01:14:54,570 --> 01:15:08,700 | level to here. I outlined that for you here. Okay. But It's all together something different when you watch me put the order in. And you see the alerts |
| 429 | 01:15:08,700 --> 01:15:19,770 | over here showing that it's absolutely going into this platform you see it, it's not a going into a empty for backroom manager program where you can go in and |
| 430 | 01:15:19,770 --> 01:15:31,230 | enter, that you entered this many lot sizes at that particular time of the day in that particular currency with a particular stop loss. And then all of a |
| 431 | 01:15:31,230 --> 01:15:41,820 | sudden, you look like you did that trade. I don't stand on that kind of fraud. I don't do anything like that. Any example I ever show is public, it's on this |
| 432 | 01:15:41,820 --> 01:15:51,960 | YouTube channel. And it's done in a way where you see me enter, you don't see me already in a trade. That is fraud. That is apps, when you see that you should |
| 433 | 01:15:51,960 --> 01:16:00,030 | right away, turn the video off, or at least give that person the opportunity to show them entering the trade. Maybe it didn't make its way in the derby, and |
| 434 | 01:16:00,030 --> 01:16:08,190 | maybe, you know, anything that happened in editing, okay, I'm not saying Oh, editing is bad. Sometimes I've made videos where I wanted something that was |
| 435 | 01:16:08,190 --> 01:16:18,150 | annotated on my chart, it just wasn't in the capture of the recording. Because there's another timeframe. So things happen. I'm just like, I made a mistake and |
| 436 | 01:16:18,150 --> 01:16:21,930 | calling it interactive brokers, you know, we're all human. |
| 437 | 01:16:23,310 --> 01:16:34,590 | But if someone is real, okay, if they're genuine, they're sincere about what they're doing. They give them the opportunity to make good on it. Because if |
| 438 | 01:16:34,590 --> 01:16:44,580 | they're willing to do it, give them that, give them that opportunity to show you what they're doing is real. If it's real, you can do it on tradingview. In fact, |
| 439 | 01:16:44,580 --> 01:16:53,670 | I'm, I'm looking at this platform every week as it goes by. And I'm really impressed with the level of consideration they've put into developing this. |
| 440 | 01:16:53,940 --> 01:17:06,180 | Like, it really is a good platform to know how the link on a Live account. I haven't haven't done that, obviously. But the tools that they make available to |
| 441 | 01:17:06,180 --> 01:17:16,590 | you for free was, is great. But some of the features they have dialed back because they want you to pay for like I have a pro account, which isn't all that |
| 442 | 01:17:16,590 --> 01:17:24,510 | much my thing was like less than $200 for the whole year. But you can do other things that you can't do, and you don't have any ads popping up, which is |
| 443 | 01:17:24,510 --> 01:17:31,710 | annoying. That's, that's another thing I like looking at when you see these other guys educating, they're making all this money, but they don't even have a |
| 444 | 01:17:31,710 --> 01:17:41,220 | pro version. And they keep ads popping up over here. It's just one of those pet peeves I have. But nonetheless, hopefully, I've covered a lot of things in this |
| 445 | 01:17:41,220 --> 01:17:52,920 | video. And maybe I've talked again too much. But I have answered a lot of questions and addressed some concerns that are noteworthy. Okay, they're |
| 446 | 01:17:52,920 --> 01:18:01,980 | noteworthy. And my question is this, if you're on the fence about me, think about what it is I'm showing you here. All right, think about that. Think about |
| 447 | 01:18:01,980 --> 01:18:13,230 | the fact that I'm not just executing market orders. I'm using now limit orders. Because I understand the concepts. If I understand the concepts I should be able |
| 448 | 01:18:13,230 --> 01:18:26,850 | to show them. And when I show them that in my mind should be at least an encouragement to trust the process. Okay, I don't want you to think about me |
| 449 | 01:18:26,850 --> 01:18:37,710 | saying, Oh, yeah, he made $10,000. Or he made $300 here, or he made $600 here, okay, take the money out of it. It's not all I'm doing is showing you |
| 450 | 01:18:37,710 --> 01:18:50,130 | engagement, operating within a context in price action. That is something that I know and my students know, that repeats? Does it work flawlessly? No. If I sat |
| 451 | 01:18:50,130 --> 01:19:00,960 | down here and did every single New York session every single day of the week, invariably, I would have a losing trade. Period. But here's the problem with |
| 452 | 01:19:00,960 --> 01:19:10,530 | that expectation. Number one, it's not reasonable because I have a life. I have a life or things I'm doing. My kids are home, I have to be a dad, I have to be a |
| 453 | 01:19:10,530 --> 01:19:19,800 | husband. You know, there's so many things going on. And I have students always emailing me. Like, I don't have time to be dancing for everyone out here. But |
| 454 | 01:19:19,800 --> 01:19:33,540 | I'm I'm under the assumption that new traders or new viewers will come. And I want them to know that that type of evidence, if you will, is here and it is in |
| 455 | 01:19:33,540 --> 01:19:41,580 | existence. And contrary to what everyone else is doing on YouTube. They're always talking about Yeah, took a trade, or they'll talk about how the market |
| 456 | 01:19:41,610 --> 01:19:54,120 | operated. I'm showing you entries and management. So I'm doing my best within the reason and scope of my free time not being completely consumed. I'm |
| 457 | 01:19:54,120 --> 01:19:57,420 | providing examples every single week. Okay. And |
| 458 | 01:19:58,680 --> 01:20:05,490 | for those that end up joining mentorship and those that are in my mentorship, you all know that we are looking at this side of the marketplace, we're not |
| 459 | 01:20:05,490 --> 01:20:13,920 | looking to go long euro, we're looking for that higher moving dollar. And that's going to be a mirror image in foreign currencies. And that would be lower prices |
| 460 | 01:20:13,920 --> 01:20:23,370 | in Europe. And we were looking for this level to be traded to on your own. So it's not like, Oh, yeah, he's got 15 different demo accounts. And he's just |
| 461 | 01:20:23,370 --> 01:20:31,080 | showing the one that worked. Because that kind of stuff is debunked once you are in the community. And you see, because if that was true, there would be 1000s of |
| 462 | 01:20:31,080 --> 01:20:40,890 | people coming out saying, Oh, no, he's a liar. Because this is what he said, okay? That's, that's, that's the real expos. I have ICT, the people that are |
| 463 | 01:20:40,890 --> 01:20:53,730 | sitting with me every single week. And since 2016, August, 2016 1000s of people have come in to the fold. And they literally see this happening every single |
| 464 | 01:20:53,730 --> 01:21:01,680 | week, I'm not perfect. I'm not saying get here, buy here. So I'm saying this is where the markets going to draw. Watch this area in here, it might come back to |
| 465 | 01:21:01,680 --> 01:21:11,670 | this level here. And you fill in the blanks with what you've learned up to the level in the mentorship teachings. But the mentorship is me sitting down and |
| 466 | 01:21:11,670 --> 01:21:22,140 | pointing to where it's going to go next. And that framework, and then going back in and revealing it that's mentorship, okay, if I don't know what I'm doing, I'm |
| 467 | 01:21:22,140 --> 01:21:28,230 | going to fail miserably, and you're not, you're not going to see the market go to where I'm saying it's gonna go. And that's what I'm saying, when I say I'm in |
| 468 | 01:21:28,230 --> 01:21:36,840 | the 90% bracket of being correct. We're using a daily chart, an hourly chart and a 15 minute time frame, I outline with that scope, I don't go through a four |
| 469 | 01:21:36,840 --> 01:21:48,420 | hour chart, I don't go down to a five minute chart that often I do it sometimes. But all of those ideas are fleshed out, conceptually. And then we watch it pan |
| 470 | 01:21:48,420 --> 01:21:59,940 | out the lessons in the mentorship, and even the lessons in this YouTube channel, you can push them into that expectation of where price is likely to go at |
| 471 | 01:21:59,940 --> 01:22:10,560 | specific times of the day. And you'll see that they're there all the time, all the time. There's a setup. In New York session, not every single currency is |
| 472 | 01:22:10,560 --> 01:22:23,790 | gonna have a very clean setup, or an obvious setup, but one of them in the majors will. So let's take a look at the trade that I did, it will be silent, |
| 473 | 01:22:23,820 --> 01:22:33,960 | that portion of the video will be saying I did enough talking as you can clearly see, I probably tortured many of you. But what I just gave you is an honest |
| 474 | 01:22:33,960 --> 01:22:47,100 | man's point of view. And differentiation between the idea of educators using mt four versus a student using mt four, because you're not going to scam yourself. |
| 475 | 01:22:47,160 --> 01:22:53,790 | Because let's be real about this. If you know you only have 200 hours to put into an account, and that's what you want to work with to start with. Okay, and |
| 476 | 01:22:53,790 --> 01:23:03,720 | you put it into a reputable broker, like forex calm or au. And there's absolutely nothing fraudulent about that period, there's there's no reason to |
| 477 | 01:23:03,720 --> 01:23:12,300 | feel what you're doing in that relationship with the broker, that you're not going to be fraud, you're not gonna be fraud. If you lose money, you did it |
| 478 | 01:23:12,300 --> 01:23:21,510 | wrong. That's all there is. If he hits your stop, you placed it in the wrong place. It's as simple as that. It's a lot of responsibility, this industry |
| 479 | 01:23:21,510 --> 01:23:32,520 | forces upon you. And it's a lot of irresponsible people and people with expectations and entitlement. It's not justified. And that's why this millennial |
| 480 | 01:23:32,550 --> 01:23:43,680 | generation is struggling because they have a spirit of entitlement. That is unjustified and now you bring that expectation and thought process into the |
| 481 | 01:23:43,680 --> 01:24:01,410 | hardest industry on the planet. Why is everyone surprised at the results and the adversities oh that guy scammed me that broker scammed me Look I got scammed by |
| 482 | 01:24:01,410 --> 01:24:13,320 | FX E and I know what it's like. But alanda and forex calm, they are extremely regulated. They would be slapped down, like FX em and kicked out of the United |
| 483 | 01:24:13,320 --> 01:24:15,720 | States if they did any funny money business like that. |
| 484 | 01:24:17,010 --> 01:24:27,090 | So don't think just because educators should be forced to use an element outside of empty for to prove they can trade I think if those individuals also do that, |
| 485 | 01:24:27,600 --> 01:24:39,120 | that if they did it with a non empty for platform and prove not just one trade, not one instance okay, but consistently do it with outlining beforehand, then I |
| 486 | 01:24:39,120 --> 01:24:52,260 | think that person should be allowed from a community standpoint to return back to empty for because I worked so much in mp4 for so long on baby pips coming |
| 487 | 01:24:52,260 --> 01:25:00,600 | from TradeStation it's, it's a learning process and then you get real comfortable with it like I'm starting to get comfortable with this. Trading |
| 488 | 01:25:00,600 --> 01:25:12,720 | view. And there's a lot of things that I expect the cursor and mouse to do, because I'm trained, because of experience using mt four with teaching it, that |
| 489 | 01:25:12,720 --> 01:25:29,130 | I expect this trading view to dance and perform that way and that I am clumsy. So this, basically this. If you're a trader, and you're wanting to trade, don't |
| 490 | 01:25:29,130 --> 01:25:40,380 | be afraid of Mt. Four. But if you are a trader looking to learn from a educator, and they're only giving you mt four examples, then it's justified for you to be |
| 491 | 01:25:40,380 --> 01:25:52,350 | holding a measure of suspect or apprehension. Because if they're not willing to give you evidence that they can engage outside of empty for then your concerns |
| 492 | 01:25:52,350 --> 01:26:02,700 | are justified, you're absolutely justified in your concern that they may not be what they claim to be that they may not know what they claim to know. And |
| 493 | 01:26:02,700 --> 01:26:10,740 | there's no shame in that. And any educator that would argue against that. Okay, no, no, no, I don't agree to that. This guy's a jerk. He's a liar. He's a |
| 494 | 01:26:10,740 --> 01:26:19,680 | scammer, you're gonna see this surge of people coming at me now. Okay. And they're going to say all kinds of untrue things, because I have just laid down |
| 495 | 01:26:19,680 --> 01:26:30,210 | the gauntlet and said, Now even ICT said that I should always give an example out and empty for and they may be profitable traders, they absolutely may be |
| 496 | 01:26:30,210 --> 01:26:39,120 | genuine. And they feel that because I said this, I'm expecting like a sense of entitlement. I don't care really personally, because I'm already in my own lane |
| 497 | 01:26:39,120 --> 01:26:52,740 | doing what I need to do. But I don't see the counter argument to people that would say, you're probably a fraud, or a scam artist, if you're unwilling to |
| 498 | 01:26:52,740 --> 01:27:05,820 | execute on trading view. Because it's not empty for you can't game the system on trading view. So if you're good at trading, you would engage. And there's people |
| 499 | 01:27:05,820 --> 01:27:14,100 | that do live streams, and they talk about where the market might be going. But you don't see them actually executing even in their live streams either. I've |
| 500 | 01:27:14,100 --> 01:27:22,350 | been in a few of them. Actually, I've been in a lot of them. And it was kind of disappointing to see that no trade was really executed. And you hear it people |
| 501 | 01:27:22,350 --> 01:27:31,380 | in the background saying yo you have took a trade in London, because now it's moved 60 pips Come on. If I took a trade, you're gonna see the Africa trade. |
| 502 | 01:27:32,610 --> 01:27:43,680 | You're gonna see it. I'm not gonna say you took a trader here. It just it feels dirty to say it like that. Okay, it just feels inappropriate. If you even |
| 503 | 01:27:43,680 --> 01:27:51,930 | mentioned the word that you took a trade Okay, show me the trade. Show me where you entered it when you entered it, because you're gonna make a video. Okay? |
| 504 | 01:27:52,770 --> 01:28:01,920 | Make the video have that in it. It ain't an idea that you found after the fact like I sat down I saw the chart you see me put in a limit order in. I knew what |
| 505 | 01:28:01,920 --> 01:28:06,000 | I'm looking for in the market delivered it and it hasn't really done much since. |