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Version 1.1 by Drunk Monkey on 2020-11-20 17:09
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3 ICT: Okay, folks, welcome back, I appreciate your patience.
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7 I knew I said in my community tab on my YouTube channel that
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11 I was gonna post a video on Thursday evening. But I am a
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15 family man. So family first. So I just wanted to share my
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19 appreciation for that. Not that anyone should really give me
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23 a hard time because I'm not obligated to do this. But
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27 nonetheless, this is a consolation video for missing
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31 yesterday and shout out to the mentorship. Yesterday, the
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35 Aussie dollar outline that I gave you panned out pretty
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39 handsomely, didn't it? Alright, so euro dollar, and we're
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43 looking at a five minute chart. So how I could draw a
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47 contrast between intraday swing trading, and day trading.
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51 And that of scalping, okay, because there are three
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55 different things, but they're basically lumped in the
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59 category of day trading. Okay, so you have day trading,
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63 which is basically trading the anticipated major swing for
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67 that particular day. Alright, so in a perfect world, it
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71 would be something like buying down here and holding for a
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75 run up to this level here, that is a day trade. Right? There
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79 are smaller swings inside this day where you could trade
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83 short here and cover here, or go long here and exit here or
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87 go long here, exit here, going short here, and covering
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91 here. Now, you may look at this and say there's no way that
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95 you would take those types of trades. But if you were a
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99 scalping, that's what an intraday scalper would do. Now,
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103 there are intraday swings, where you don't catch this move,
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107 but you buy this one, and you ride it up to this level. Or
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111 you buy this level here and you ride up to there. Okay,
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115 that's an intraday swing. There's the three contrasting
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119 views, but all lumped in the category of day trading, or at
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123 least the way I teach it. And you may look at this as it's
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127 all scalps. And there's really no argument here, I'm not
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131 trying to say, one person's definition, if you will, of how
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135 you're operating within a daily range is a scalp or intraday
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139 swing or day trade, because they're all day trading, if
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143 you're getting in and out the same day, that's day trading,
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147 okay, no matter how you slice it, it's a day trade. If you
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151 hold over into the next day, that's clearly a short term
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155 trader, anything longer than a week to two weeks is, in my
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159 opinion, a swing trade. Okay, so anything beyond two weeks,
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163 up to a month, then your position trader, and it's just
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167 simply too long for me. So I put that out there. So that
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171 way, you can look at the ideas of working within a
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175 individual daily range. Now, inside the same daily range, if
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179 you thought that this move was going to occur from here to
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183 here, you can be a counter Trend Trader inside the same
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187 daily range. And you've seen examples of that on my YouTube
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191 channel, working with a one minute chart. Going short here,
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195 covering just below this low here, going short here,
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199 covering below this low here, going short here, covering
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203 below this low here. And not so much in here. It's just
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207 consolidation. But you could have looked at this level here
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211 as a short and made an attempt to get below these lows here.
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215 And this was a rather tight range going into the closed
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219 today as I was operating in, so you'll see that. But I want
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223 you to think about that. And look at this price section and
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227 the fractal that's being shown here against the five minute
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231 chart. This may not be your cup of tea, it may not be your
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235 timeframe. It may be something you never aspire to do. But
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239 everything that's been shown here in this five minute chart,
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243 forms and pans out on an hourly chart, a four hour chart, an
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247 eight hour chart, a daily chart, a weekly chart, it's the
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251 same thing it's priced, but where is your comfort, where's
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255 the comfort level for you, as a trader, trading in that
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259 duration because if getting in and out this Same Day is
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263 completely alien to you, you just can't do it, you can't
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267 find the the the nimbleness
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271 to be able to do that, then you have to trade at a higher
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275 timeframe, what higher timeframe, that's what you need to
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279 determine as a trader, you have to figure that out for
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283 yourself because no mentor, no educator and a teacher can
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287 efficiently and optimally push any individual, especially
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291 all of their students into one mode. And that's why I don't
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295 teach that way. I give the students a broad range of tools
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299 to choose from. It's the same element that we use in all
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303 timeframes. But the way I teach, you can take that
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307 information and plug it into any timeframe, and it'll work
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311 the same way. It just requires a little bit more time for
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315 the trades to pan out when they're higher timeframe. I like
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319 a lot of setups, I like a lot of opportunity. And I like to
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323 be able to show how to practice with intraday charts. So
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327 it's kinda like a perfect scenario for me to operate as a
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331 mentor, using lower timeframe charts, even for those that
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335 are not equipped, psychologically, or personality wise, to
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339 sign up to that type of trading. I'm always making reference
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343 to that in my lessons in my teachings that even if you don't
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347 like this kind of trading, forget that it says five minutes
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351 up here, okay, just forget that this could be just the same
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355 as a hourly chart or a daily chart, it doesn't make a
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359 difference. It's the same signatures and price repeating on
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363 all timeframes. Okay, so if we can look at price like this.
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367 And suddenly, when you anticipate price swings, you can see
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371 a myriad of different opportunities existing in the same
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375 trading day. So any one of these could be a trading
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379 opportunity that fits your specific criteria. And even
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383 though you may not get the low, or buy this one buying here
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387 and writing it up to here, that's a winning setup. And that
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391 may be the only thing that you see that your eye jumps to,
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395 and you don't really see this or this as a buy. There's
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399 nothing wrong with that. There's absolutely nothing wrong
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403 with that. Some of my students see things like this, okay.
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407 And they say, Well, I took a trade like here, and I got
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411 above this high, and I felt good about it. But then it ran
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415 down and gave an opportunity and ran up to here. And I feel
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419 so demoralized because I missed that bigger move. Why should
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423 you feel demoralized? Because what you're saying when you do
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427 that, is that you think that you should catch every swing in
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431 the marketplace, given that same mentality? Why aren't you
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435 upset that you didn't take the trades in the pound yen? Or
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439 the Euro yen? Or the dollar Swiss? How about dollar CAD? Why
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443 don't you take those trades to you see how fast it becomes
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447 absurd to think that way. But when you focus on one pair,
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451 and you warm up to it, like I teach, try not to have a whole
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455 lot of different pairs, it can trick you into thinking
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459 especially if you're new, your infancy as a developing
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463 student will trick you into thinking that you should have
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467 seen all of those swings. And you have to give yourself time
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471 to warm up to one specific setup. And it's the one that
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475 first starts making itself available to you in your study.
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479 Or when you're watching price action. That one particular
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483 setup that you see easily that you're not forcing you're not
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487 hunting for, it just jumps off the chart, you're going to
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491 discover the debt is your bread and butter setup. And if you
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495 resist that, or if you try to look for something else,
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499 because you've heard me say, I like this particular setup.
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503 And you think okay, well, Michael is my mentor. And he does
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507 well, and he can do this repeatedly. Therefore, this must be
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511 the real silver bullet setup. And I'm only going to focus on
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515 that one, when all of my setups and all of my concepts are
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519 the same. They're mine, and I like them all. But I just like
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523 going to specific ones because it's like, my cologne
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527 collection. didn't think I'd come up with something like
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531 that. I got hundreds of bottles of Cologne. Okay, so I'm
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535 like a frag head. There are bottles that I call on multiple
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539 times in a week. And they're just called dumb reaches, where
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543 you just don't think about it. You just know it smells good.
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547 It's mass appealing. And you just don't want to think about
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551 it. Because when you have that many selections, it's a
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555 little bit nerve wracking, especially with OCD. But there
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559 are certain bottles that I go to and I'll just say, well,
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563 I'll just grab this and I'm out the door. And
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567 these specific setups are ones that I don't even look for.
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571 They just leap off the chart, but I know how to find all the
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575 other ones but you as a developing student You're on this
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579 YouTube channel and you're watching for certain things. The
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583 optimal trade entry is the flagship here. Okay, I've
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587 introduced some other things like breakers and order blocks
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591 and such. But the main real flagship is the optimal trade
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595 entry, and specific times of the day where they form. But
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599 that may not be what you gravitate to, you may find other
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603 things in my teachings and eventually move into my
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607 mentorship, you'll find there's other setups, there's a
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611 myriad of different setups, and I've been introducing how
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615 certain patterns can overlap with one another, and still
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619 give you a new unique model, not in a unique sense that you
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623 aren't exposed to it here in this channel or my lessons. But
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627 it's unique in the scope that you probably didn't think
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631 about pairing these two patterns like the breaker and
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635 optimal trade entry together within a orderflow context. So
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639 if you're bullish, and you put a bullish breaker, and a
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643 bullish optimal trade entry together, it's pretty strong.
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647 But you might not like that pattern either. So that's why I
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651 opened the books to everything in terms of short term
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655 trading setups, and you can apply them to any timeframe and
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659 make it uniquely yours. And it's the one that jumps off the
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663 chart. And don't be in a rush for that to happen for you.
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667 Because that that epiphany, that thing that snaps in aha
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671 that I know what I'm looking for. It happens for everyone
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675 differently in terms of how much time it takes. Sometimes it
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679 takes years. And if you're not willing to submit to the work
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683 to get to that point, you're going to learn a lot of lessons
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687 before you get that one favorite setup. It doesn't mean if
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691 you don't have your favorite setup mastered, that you can't
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695 see setups or participate, it just means that you haven't
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699 found your niche, you're one setup that just constantly is
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703 your easy bread and butter setup every single day, you go
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707 into the charts on a lower timeframe, you'll find it. But if
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711 you give it enough time, you'll get there. And then when you
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715 have a strong track record of back testing, forward testing,
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719 let's forward testing, watching price action live with no
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723 real intent of taking a live trade, you're just watching
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727 price. And you're teaching yourself to read the tape,
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731 watching what it's doing, anticipating what its next price
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734 00:12:17,550 ~-~-> 00:12:22,140
735 move will be. That's one of the strongest forms of study
736
737 185
738 00:12:22,350 ~-~-> 00:12:25,380
739 there is because you're not thinking about profits, you're
740
741 186
742 00:12:25,380 ~-~-> 00:12:27,480
743 not thinking about if your stock is going to get hit, you're
744
745 187
746 00:12:27,480 ~-~-> 00:12:29,520
747 not thinking about what area should I scale out at, you're
748
749 188
750 00:12:29,520 ~-~-> 00:12:32,640
751 just reading the tape, where's it reaching for. And if you
752
753 189
754 00:12:32,640 ~-~-> 00:12:38,460
755 do that, even if you don't have access to watch live price
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757 190
758 00:12:38,460 ~-~-> 00:12:43,080
759 action, you should at least try to find a way to record live
760
761 191
762 00:12:43,080 ~-~-> 00:12:45,960
763 data. And if you come home from work later on, or whatever.
764
765 192
766 00:12:46,890 ~-~-> 00:12:49,710
767 Or if you're a student, you're in school, watch that
768
769 193
770 00:12:49,710 ~-~-> 00:12:53,430
771 playback. And just sit there and watch the chart and put it
772
773 194
774 00:12:53,430 ~-~-> 00:12:55,980
775 in real time or speed up a little bit if you want. But
776
777 195
778 00:12:55,980 ~-~-> 00:12:59,670
779 nonetheless, it's going to teach you lessons that you can't
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781 196
782 00:12:59,670 ~-~-> 00:13:03,540
783 learn from watching my videos, or watching or studying old
784
785 197
786 00:13:03,540 ~-~-> 00:13:08,430
787 data that static you need to see it painting real time and
788
789 198
790 00:13:08,430 ~-~-> 00:13:11,610
791 recording it even though it's hindsight data, it's the same
792
793 199
794 00:13:11,610 ~-~-> 00:13:14,970
795 as if you were there at the time. And that's powerful, that
796
797 200
798 00:13:14,970 ~-~-> 00:13:20,400
799 is extremely powerful. don't discount that. Because by doing
800
801 201
802 00:13:20,400 ~-~-> 00:13:24,570
803 that, you will find your bread and butter setup that one
804
805 202
806 00:13:24,570 ~-~-> 00:13:27,300
807 particular setup that you can take and put it in any
808
809 203
810 00:13:27,300 ~-~-> 00:13:30,990
811 timeframe and it repeats. And the results are like
812
813 204
814 00:13:30,990 ~-~-> 00:13:35,100
815 gangbusters. It's just it's hard to articulate what it is
816
817 205
818 00:13:35,100 ~-~-> 00:13:37,860
819 except for just think of if the pattern was the last one
820
821 206
822 00:13:37,860 ~-~-> 00:13:42,990
823 trade entry for you. If your OTP is the setup that you have
824
825 207
826 00:13:42,990 ~-~-> 00:13:45,120
827 always been looking for, and it makes sense to you. And you
828
829 208
830 00:13:45,120 ~-~-> 00:13:47,160
831 could care less about breakers, you could care less about
832
833 209
834 00:13:47,160 ~-~-> 00:13:49,590
835 mitigation blocks, you could care less about other order
836
837 210
838 00:13:49,590 ~-~-> 00:13:52,680
839 blocks, you just like the optimal trade entry, it's easy,
840
841 211
842 00:13:52,710 ~-~-> 00:13:56,580
843 you know what you're looking for, then there it is. Don't
844
845 212
846 00:13:56,850 ~-~-> 00:14:01,590
847 tinker with it. Don't try to make it better. Don't try to
848
849 213
850 00:14:01,830 ~-~-> 00:14:04,770
851 add something to it. So it feels like you've created some
852
853 214
854 00:14:04,770 ~-~-> 00:14:08,070
855 kind of new hybrid. It's just a simple little thing. And you
856
857 215
858 00:14:08,070 ~-~-> 00:14:11,310
859 milk it, you go in there and you'd look for it every single
860
861 216
862 00:14:11,310 ~-~-> 00:14:15,600
863 week. And you learned in this channel, the times of the day
864
865 217
866 00:14:15,720 ~-~-> 00:14:19,380
867 and the days of the week where that is likely to occur. And
868
869 218
870 00:14:19,380 ~-~-> 00:14:23,070
871 you don't try to put too many more moving parts on it. You
872
873 219
874 00:14:23,070 ~-~-> 00:14:25,680
875 don't need to look at optimal trade entry plus commitment
876
877 220
878 00:14:25,680 ~-~-> 00:14:30,690
879 traders. You don't even look at optimal trade entry. Plus,
880
881 221
882 00:14:31,560 ~-~-> 00:14:32,850
883 what's the bond market doing?
884
885 222
886 00:14:34,740 ~-~-> 00:14:39,840
887 Those things can assist Yes, but they don't need to be form
888
889 223
890 00:14:39,840 ~-~-> 00:14:43,680
891 fitted in every single setup. And that's one of the things
892
893 224
894 00:14:43,680 ~-~-> 00:14:47,520
895 that traders coming to this channel. They see all these
896
897 225
898 00:14:47,520 ~-~-> 00:14:49,920
899 different things. They're like whoa, they're inundated with
900
901 226
902 00:14:49,920 ~-~-> 00:14:52,800
903 man, this guy's got so many things. How could I possibly
904
905 227
906 00:14:52,800 ~-~-> 00:14:56,280
907 know which one to choose to make a system or a model out of
908
909 228
910 00:14:57,150 ~-~-> 00:15:00,570
911 and none of my models have, I think thousand different
912
913 229
914 00:15:00,570 ~-~-> 00:15:05,910
915 moving parts, the concepts are out there for you to take
916
917 230
918 00:15:05,910 ~-~-> 00:15:10,650
919 them and plug them into your own unique model. And it's like
920
921 231
922 00:15:10,650 ~-~-> 00:15:14,430
923 a Frankenstein experiment, because I can have thousands and
924
925 232
926 00:15:14,430 ~-~-> 00:15:19,500
927 thousands of students all have a bullish or bearish model.
928
929 233
930 00:15:19,860 ~-~-> 00:15:23,850
931 And they'll look at specific components that I teach. And
932
933 234
934 00:15:23,850 ~-~-> 00:15:28,140
935 they'll use them in a varying approach that I understand as
936
937 235
938 00:15:28,140 ~-~-> 00:15:31,230
939 their teacher. And other students. If they were sharing it
940
941 236
942 00:15:31,230 ~-~-> 00:15:33,300
943 with them, they would say, Oh, that's really neat how you
944
945 237
946 00:15:33,300 ~-~-> 00:15:37,620
947 did that. And it's something unique to them. That makes
948
949 238
950 00:15:37,620 ~-~-> 00:15:40,710
951 sense to them on one specific timeframe, looking for
952
953 239
954 00:15:40,710 ~-~-> 00:15:45,570
955 specific criteria that they've learned in my lessons, but
956
957 240
958 00:15:45,570 ~-~-> 00:15:47,520
959 that's their model. They don't do anything else. But just
960
961 241
962 00:15:47,520 ~-~-> 00:15:49,500
963 that and if it doesn't form, guess what, they're not taking
964
965 242
966 00:15:49,500 ~-~-> 00:15:56,610
967 a trade. That is maturity. That's focus that is dialed in.
968
969 243
970 00:15:57,150 ~-~-> 00:15:59,820
971 Okay, whenever you hear me say, we're dialed in, that means
972
973 244
974 00:15:59,850 ~-~-> 00:16:03,600
975 we know what we're looking for. We know the direction. And
976
977 245
978 00:16:03,600 ~-~-> 00:16:06,150
979 we know we're waiting for in terms of a setup, and we know
980
981 246
982 00:16:06,150 ~-~-> 00:16:09,990
983 where it's likely to go. So it's done. And everything looks
984
985 247
986 00:16:09,990 ~-~-> 00:16:13,530
987 like precision, hindsight perfection, to everyone on the
988
989 248
990 00:16:13,530 ~-~-> 00:16:18,600
991 outside looking in. But these setups here, okay, there's
992
993 249
994 00:16:18,600 ~-~-> 00:16:24,810
995 five setups in this fractal that are very, very easy to see.
996
997 250
998 00:16:24,990 ~-~-> 00:16:28,020
999 Or they should be easy to see if you've been with me for a
1000
1001 251
1002 00:16:28,020 ~-~-> 00:16:30,900
1003 number of years, because you can see all those things. If I
1004
1005 252
1006 00:16:30,900 ~-~-> 00:16:38,010
1007 take them off and go back to just looking at the price
1008
1009 253
1010 00:16:38,010 ~-~-> 00:16:43,200
1011 action. And make a couple comments about it and then wrap
1012
1013 254
1014 00:16:43,200 ~-~-> 00:16:47,460
1015 this video up. Clearly you can see this is among session low
1016
1017 255
1018 00:16:48,150 ~-~-> 00:16:53,430
1019 and the low forms at 245. Then three o'clock in the morning.
1020
1021 256
1022 00:16:53,580 ~-~-> 00:16:58,590
1023 Well you know that's the heart of on the open. Makes a
1024
1025 257
1026 00:16:58,590 ~-~-> 00:17:02,790
1027 little today with a Judas swing. rallies up breaking market
1028
1029 258
1030 00:17:02,790 ~-~-> 00:17:08,790
1031 structure trades back down into a breaker bullish breaker.
1032
1033 259
1034 00:17:10,410 ~-~-> 00:17:14,370
1035 rallies again, small little retracement back in rallies
1036
1037 260
1038 00:17:14,370 ~-~-> 00:17:19,320
1039 again, breaks this high and then collapses hard to take out.
1040
1041 261
1042 00:17:19,710 ~-~-> 00:17:23,340
1043 Sell stops resting just below here. So no one that is using
1044
1045 262
1046 00:17:23,340 ~-~-> 00:17:28,260
1047 a very very tight sell stop trailing on Long's can
1048
1049 263
1050 00:17:28,260 ~-~-> 00:17:31,800
1051 participate once this is rated there. And then the real move
1052
1053 264
1054 00:17:32,730 ~-~-> 00:17:35,190
1055 with the most dynamic price action occurs running into this
1056
1057 265
1058 00:17:35,190 ~-~-> 00:17:41,760
1059 area here. price breaks the short term low. There's your
1060
1061 266
1062 00:17:41,760 ~-~-> 00:17:46,410
1063 intraday break in market structure. It's Friday, it's not
1064
1065 267
1066 00:17:46,410 ~-~-> 00:17:50,370
1067 likely to continue with a really explosive move higher. So
1068
1069 268
1070 00:17:50,370 ~-~-> 00:17:53,130
1071 if there's a break in market structure, and it's Friday,
1072
1073 269
1074 00:17:53,520 ~-~-> 00:17:57,870
1075 it's probably made its run here. The market rallies back up.
1076
1077 270
1078 00:17:58,260 ~-~-> 00:18:02,490
1079 Last up close candle bearish order block and optimal trade
1080
1081 271
1082 00:18:02,490 ~-~-> 00:18:06,180
1083 entry. There's blending of two patterns, bearish order block
1084
1085 272
1086 00:18:06,660 ~-~-> 00:18:10,380
1087 optimal trade entry with a break in market structure. That's
1088
1089 273
1090 00:18:10,380 ~-~-> 00:18:14,160
1091 a model by itself. That's a model. What do you aim for?
1092
1093 274
1094 00:18:14,670 ~-~-> 00:18:18,510
1095 Well, you could aim for the swing low here. And if he got
1096
1097 275
1098 00:18:18,510 ~-~-> 00:18:21,150
1099 really excited, he can probably see if it can go down below
1100
1101 276
1102 00:18:21,150 ~-~-> 00:18:25,230
1103 here. But it's Friday. So you have to be willing to take it
1104
1105 277
1106 00:18:25,260 ~-~-> 00:18:29,640
1107 early and may not get down to this level. As you can clearly
1108
1109 278
1110 00:18:29,640 ~-~-> 00:18:32,160
1111 see it didn't. Now I already know some of you you're like,
1112
1113 279
1114 00:18:32,490 ~-~-> 00:18:35,280
1115 this guy's talking about hindsight. She's so smart, you
1116
1117 280
1118 00:18:35,280 ~-~-> 00:18:38,190
1119 would have traded it. Where's your trade? When you push the
1120
1121 281
1122 00:18:38,190 ~-~-> 00:18:42,060
1123 button? I'm asking my all these other guys on YouTube aren't
1124
1125 282
1126 00:18:42,060 ~-~-> 00:18:45,390
1127 pushing a button. I mean, you see them using trading view, I
1128
1129 283
1130 00:18:45,390 ~-~-> 00:18:48,120
1131 mean everything on the side over here and over here on this
1132
1133 284
1134 00:18:48,120 ~-~-> 00:18:51,180
1135 side, you recognize it as trading view. There's a lot of
1136
1137 285
1138 00:18:51,180 ~-~-> 00:18:53,190
1139 them out there saying, Yeah, I'm going to start doing my
1140
1141 286
1142 00:18:53,250 ~-~-> 00:18:57,720
1143 live trading on YouTube. And I'm waiting, there's like six
1144
1145 287
1146 00:18:57,720 ~-~-> 00:19:00,450
1147 or seven of them. And they have a lot of followers. And I
1148
1149 288
1150 00:19:00,450 ~-~-> 00:19:04,800
1151 have seen one. One execution had a lot of talk about what
1152
1153 289
1154 00:19:04,800 ~-~-> 00:19:07,740
1155 took place like what you've been hearing me do here. But I'm
1156
1157 290
1158 00:19:07,740 ~-~-> 00:19:12,480
1159 going to show you that I saw this coming. I watched it. And
1160
1161 291
1162 00:19:12,480 ~-~-> 00:19:15,060
1163 when price was trading right up on this candle here, I went
1164
1165 292
1166 00:19:15,060 ~-~-> 00:19:20,880
1167 short. I'm a little disappointed in myself because I could
1168
1169 293
1170 00:19:20,880 ~-~-> 00:19:24,960
1171 have gotten in on this candle here if I just would have just
1172
1173 294
1174 00:19:24,960 ~-~-> 00:19:28,650
1175 pumped the brakes, but I wanted to get into the trade. But I
1176
1177 295
1178 00:19:28,650 ~-~-> 00:19:29,940
1179 was multitasking so
1180
1181 296
1182 00:19:31,410 ~-~-> 00:19:34,350
1183 I knew I wanted to get in it was close enough. But usually
1184
1185 297
1186 00:19:34,350 ~-~-> 00:19:37,710
1187 you see me I get like the candle that makes the swing high.
1188
1189 298
1190 00:19:38,070 ~-~-> 00:19:40,590
1191 That's what I pride myself on that's the precision I like
1192
1193 299
1194 00:19:40,620 ~-~-> 00:19:43,530
1195 using but actually got out here on this low candle and
1196
1197 300
1198 00:19:43,530 ~-~-> 00:19:47,520
1199 you'll see it in a second but the idea was I was looking for
1200
1201 301
1202 00:19:47,520 ~-~-> 00:19:52,080
1203 a run below here and I was wanting to see it break down and
1204
1205 302
1206 00:19:52,080 ~-~-> 00:19:54,810
1207 I thought for sure once it created this one as you'll see in
1208
1209 303
1210 00:19:54,810 ~-~-> 00:19:57,870
1211 the end of this video because it's a sped up recording of me
1212
1213 304
1214 00:19:57,870 ~-~-> 00:20:02,010
1215 actually taking the trade It's a pay per trade for all you
1216
1217 305
1218 00:20:02,040 ~-~-> 00:20:04,410
1219 guys out that like to say, Oh, it's just a demo, right?
1220
1221 306
1222 00:20:04,410 ~-~-> 00:20:06,510
1223 Because I'm not licensed to get trade advice. And we're only
1224
1225 307
1226 00:20:06,510 ~-~-> 00:20:09,300
1227 talking about paper trades. So paper trades are not the same
1228
1229 308
1230 00:20:09,300 ~-~-> 00:20:12,270
1231 as live trading, you cannot lose money with a paper trade,
1232
1233 309
1234 00:20:12,360 ~-~-> 00:20:16,080
1235 you cannot make money with a paper trade. So therefore, I
1236
1237 310
1238 00:20:16,080 ~-~-> 00:20:20,580
1239 can't get slapped around by the watchdogs. CFTC, all that
1240
1241 311
1242 00:20:20,580 ~-~-> 00:20:25,380
1243 stuff. That's why I do it. Okay. So if I wanted to be a
1244
1245 312
1246 00:20:25,380 ~-~-> 00:20:27,690
1247 trade advisor, I could go out there and get my series three
1248
1249 313
1250 00:20:27,690 ~-~-> 00:20:30,480
1251 and three, series seven license and talk about stocks and
1252
1253 314
1254 00:20:30,480 ~-~-> 00:20:33,510
1255 commodities. But to do so I have to give them all of the
1256
1257 315
1258 00:20:33,510 ~-~-> 00:20:36,660
1259 information I used to make my decisions. And guess what, I
1260
1261 316
1262 00:20:36,660 ~-~-> 00:20:39,870
1263 got too much stuff to turn in. So if they're interested,
1264
1265 317
1266 00:20:39,870 ~-~-> 00:20:42,690
1267 they can find me on YouTube. I'm right here. And it's all
1268
1269 318
1270 00:20:42,780 ~-~-> 00:20:47,790
1271 done in this framework. There's no private executions. In my
1272
1273 319
1274 00:20:47,790 ~-~-> 00:20:51,210
1275 mentorship. Any example I show is always shown on this
1276
1277 320
1278 00:20:51,210 ~-~-> 00:20:54,330
1279 YouTube channel. It used to be always shown on my Twitter
1280
1281 321
1282 00:20:54,330 ~-~-> 00:20:58,650
1283 account, but I don't have Twitter anymore. So nonetheless,
1284
1285 322
1286 00:20:58,710 ~-~-> 00:21:02,250
1287 when it formed this high in here, I stated that we would
1288
1289 323
1290 00:21:02,250 ~-~-> 00:21:09,360
1291 sweep these lows in here that this was likely to run lower.
1292
1293 324
1294 00:21:09,480 ~-~-> 00:21:14,760
1295 And I'm not worried about this not getting taken, what I was
1296
1297 325
1298 00:21:14,760 ~-~-> 00:21:17,910
1299 concerned about if it was going to get below here, because
1300
1301 326
1302 00:21:17,910 ~-~-> 00:21:20,970
1303 it was getting late in the day. And on a Friday. It's just
1304
1305 327
1306 00:21:21,000 ~-~-> 00:21:24,420
1307 not a lot of excitement coming in post London close on a
1308
1309 328
1310 00:21:24,420 ~-~-> 00:21:29,790
1311 Friday, it just isn't likely to occur. So either way, all
1312
1313 329
1314 00:21:29,790 ~-~-> 00:21:33,000
1315 this out, and then I move my limit order up just to take an
1316
1317 330
1318 00:21:33,000 ~-~-> 00:21:37,620
1319 even 20 pips, where I had initially had 30 pips as my target
1320
1321 331
1322 00:21:37,920 ~-~-> 00:21:40,530
1323 from my entry on this candle here. I just knew at that time,
1324
1325 332
1326 00:21:40,530 ~-~-> 00:21:43,830
1327 I wasn't going to get the 30 pips. So I'll take 20 and be
1328
1329 333
1330 00:21:43,830 ~-~-> 00:21:47,340
1331 happy with it, and placement in here. And getting out at
1332
1333 334
1334 00:21:47,340 ~-~-> 00:21:50,970
1335 this very candle here for exactly 20 pips, that's good
1336
1337 335
1338 00:21:50,970 ~-~-> 00:21:54,510
1339 enough for a precision example for this week. And again,
1340
1341 336
1342 00:21:54,540 ~-~-> 00:21:59,640
1343 mentioned mentorship saw 5560 pips short on Aussie dollar
1344
1345 337
1346 00:21:59,640 ~-~-> 00:22:03,240
1347 that was explained last night, or Wednesday night going into
1348
1349 338
1350 00:22:03,240 ~-~-> 00:22:07,980
1351 Thursday, for its employment number using the things that I
1352
1353 339
1354 00:22:07,980 ~-~-> 00:22:12,840
1355 teach there. So I like to share this publicly with you all.
1356
1357 340
1358 00:22:12,840 ~-~-> 00:22:16,440
1359 It's not the show off, okay. It's just I'm trying to inspire
1360
1361 341
1362 00:22:16,440 ~-~-> 00:22:20,730
1363 all these other young educators out there that drive around,
1364
1365 342
1366 00:22:20,730 ~-~-> 00:22:23,280
1367 and all these really fancy cars, which are beautiful, by the
1368
1369 343
1370 00:22:23,280 ~-~-> 00:22:28,500
1371 way, I wish they owned them the approach to saying they took
1372
1373 344
1374 00:22:28,500 ~-~-> 00:22:32,310
1375 a trade if they could just do it here. You know, I think it
1376
1377 345
1378 00:22:32,310 ~-~-> 00:22:36,060
1379 would resonate more with the community. But just we're past
1380
1381 346
1382 00:22:36,060 ~-~-> 00:22:38,250
1383 all that. I took a trade I took a trade, I took a trade. And
1384
1385 347
1386 00:22:38,550 ~-~-> 00:22:41,130
1387 you see on fumbling on, I think it was over here, I got in,
1388
1389 348
1390 00:22:41,370 ~-~-> 00:22:43,080
1391 I think I got it over here, I can tell you exactly where I
1392
1393 349
1394 00:22:43,080 ~-~-> 00:22:45,750
1395 got in. I got in right here on this candle here, right
1396
1397 350
1398 00:22:45,750 ~-~-> 00:22:51,030
1399 there. Because it was running up into these candles here.
1400
1401 351
1402 00:22:51,390 ~-~-> 00:22:55,230
1403 That was the bare shoulder block. And I knew it was forming
1404
1405 352
1406 00:22:55,290 ~-~-> 00:22:57,480
1407 an optimal trade entry. That was the basis of why I was
1408
1409 353
1410 00:22:57,480 ~-~-> 00:23:03,390
1411 going short. And I got half down here because it was running
1412
1413 354
1414 00:23:03,390 ~-~-> 00:23:07,740
1415 out of time. I wanted 30 pips, then it was like 22 or
1416
1417 355
1418 00:23:07,770 ~-~-> 00:23:11,970
1419 something for 23 pips or most. And it just wouldn't,
1420
1421 356
1422 00:23:13,200 ~-~-> 00:23:15,180
1423 wouldn't get down there for me. So I had to adjust my limit
1424
1425 357
1426 00:23:15,180 ~-~-> 00:23:18,240
1427 order, I'm not widening my stop, you'll see me adjust my
1428
1429 358
1430 00:23:18,240 ~-~-> 00:23:22,650
1431 stop, must stop reduces and never expands or opens and takes
1432
1433 359
1434 00:23:22,650 ~-~-> 00:23:26,610
1435 on more risk. But my limit orders my targets, then I'm okay
1436
1437 360
1438 00:23:26,610 ~-~-> 00:23:29,520
1439 with moving that around. If I think I've made an error in my
1440
1441 361
1442 00:23:29,520 ~-~-> 00:23:36,720
1443 judgment. What he did say that ICT said he just admitted
1444
1445 362
1446 00:23:36,780 ~-~-> 00:23:39,930
1447 that he gets it wrong. Sometimes Of course I do. Come on.
1448
1449 363
1450 00:23:40,740 ~-~-> 00:23:44,310
1451 But if I'm in a trade and I think I've done something wrong
1452
1453 364
1454 00:23:44,310 ~-~-> 00:23:47,520
1455 in terms of my expectations, or how far it may go, or
1456
1457 365
1458 00:23:47,520 ~-~-> 00:23:50,580
1459 something evolving in the in the price action changes my
1460
1461 366
1462 00:23:50,580 ~-~-> 00:23:54,390
1463 mind about it. I'm no longer as bullish or as bearish, I
1464
1465 367
1466 00:23:54,390 ~-~-> 00:23:58,410
1467 might just say, okay, just give me a straight 40 or straight
1468
1469 368
1470 00:23:58,410 ~-~-> 00:24:02,670
1471 50 or straight, in this case. 20 pips? Well, initially, I
1472
1473 369
1474 00:24:02,670 ~-~-> 00:24:07,380
1475 was looking for 30. So you have to be flexible, especially
1476
1477 370
1478 00:24:07,380 ~-~-> 00:24:09,390
1479 if you're going to be day trading. Because if you go in
1480
1481 371
1482 00:24:09,390 ~-~-> 00:24:12,990
1483 there with the hard and fast rule that you're right and come
1484
1485 372
1486 00:24:12,990 ~-~-> 00:24:15,030
1487 hell or high water, it's going to pan out the way you want
1488
1489 373
1490 00:24:15,030 ~-~-> 00:24:17,220
1491 it or you're going to take nothing. And that's kind of
1492
1493 374
1494 00:24:17,220 ~-~-> 00:24:20,160
1495 stupid, really, because you're just giving your money away
1496
1497 375
1498 00:24:20,370 ~-~-> 00:24:23,040
1499 in opportunities where you could have paid yourself. So
1500
1501 376
1502 00:24:24,660 ~-~-> 00:24:28,680
1503 I could have taken partials at 15 and tried to see if it
1504
1505 377
1506 00:24:28,680 ~-~-> 00:24:33,360
1507 could go below here. And I didn't. I like to go with the
1508
1509 378
1510 00:24:33,360 ~-~-> 00:24:37,110
1511 full boat of what I entered in here, which was really just
1512
1513 379
1514 00:24:37,110 ~-~-> 00:24:41,670
1515 one standard lot. I worked with a lower account size. And
1516
1517 380
1518 00:24:41,670 ~-~-> 00:24:45,510
1519 you guys saw me working with like 900,000 I was running up
1520
1521 381
1522 00:24:45,510 ~-~-> 00:24:48,780
1523 some things with my son shown him the effects of risk
1524
1525 382
1526 00:24:48,780 ~-~-> 00:24:52,710
1527 management. What happens when you take losses or string of
1528
1529 383
1530 00:24:52,710 ~-~-> 00:24:57,150
1531 losses and how much it takes to get it back and the effects
1532
1533 384
1534 00:24:57,180 ~-~-> 00:25:01,800
1535 of a period of losing trades. Which we marked up as, you
1536
1537 385
1538 00:25:01,800 ~-~-> 00:25:05,160
1539 know, flip of the quarter. If it was a losing trade, it
1540
1541 386
1542 00:25:05,160 ~-~-> 00:25:07,920
1543 would be heads, if it was a tails, it would be a winning
1544
1545 387
1546 00:25:07,920 ~-~-> 00:25:12,690
1547 trade. And we would just go in and push hard on the equity.
1548
1549 388
1550 00:25:15,450 ~-~-> 00:25:19,140
1551 When you see big leverage trades, even if it's paper trade,
1552
1553 389
1554 00:25:19,140 ~-~-> 00:25:24,660
1555 it's hard to really associate yourself with that type of
1556
1557 390
1558 00:25:24,660 ~-~-> 00:25:27,000
1559 trading, especially if you're new. Most people coming into
1560
1561 391
1562 00:25:27,000 ~-~-> 00:25:29,580
1563 the business, they're never going to have $50,000 to trade
1564
1565 392
1566 00:25:29,580 ~-~-> 00:25:33,120
1567 with us in a demo account set up with and most of you
1568
1569 393
1570 00:25:33,120 ~-~-> 00:25:36,420
1571 probably wouldn't even trade with $10,000. Okay. $10,000 is
1572
1573 394
1574 00:25:36,420 ~-~-> 00:25:41,490
1575 what I used. And it was only a $200 paper profit. Oh, look
1576
1577 395
1578 00:25:41,490 ~-~-> 00:25:45,840
1579 at this, you would expect to see more from you, ICT Come on,
1580
1581 396
1582 00:25:46,290 ~-~-> 00:25:48,600
1583 this isn't going to hold my attention, right? Well, if
1584
1585 397
1586 00:25:48,600 ~-~-> 00:25:50,640
1587 that's how you think then just go watch the other guys.
1588
1589 398
1590 00:25:51,330 ~-~-> 00:25:52,890
1591 Because you're not gonna see them, press the button on
1592
1593 399
1594 00:25:52,890 ~-~-> 00:25:58,950
1595 anything. I want you to think in terms of realistic, okay.
1596
1597 400
1598 00:25:59,700 ~-~-> 00:26:03,750
1599 If someone learned the skill set of reading price action,
1600
1601 401
1602 00:26:03,810 ~-~-> 00:26:07,650
1603 and they made the jump mentally, that they want to trade
1604
1605 402
1606 00:26:08,130 ~-~-> 00:26:11,040
1607 with live funds, they do so on their own, I'm never telling
1608
1609 403
1610 00:26:11,040 ~-~-> 00:26:14,400
1611 you how you're ready to do that. But let's assume that you
1612
1613 404
1614 00:26:14,430 ~-~-> 00:26:17,730
1615 listening, have put the work in, you've been studying,
1616
1617 405
1618 00:26:17,730 ~-~-> 00:26:21,300
1619 you've been putting your your efforts into practicing
1620
1621 406
1622 00:26:21,300 ~-~-> 00:26:25,080
1623 reading price. And you've done very well with a demo account
1624
1625 407
1626 00:26:25,080 ~-~-> 00:26:30,420
1627 and you're consistent with it. That sometime in the future,
1628
1629 408
1630 00:26:31,140 ~-~-> 00:26:34,950
1631 if you decide that you're going to do this with live funds,
1632
1633 409
1634 00:26:35,280 ~-~-> 00:26:38,820
1635 you don't go in with $10,000 you don't go in with 5000. In
1636
1637 410
1638 00:26:38,820 ~-~-> 00:26:44,490
1639 fact, you don't even do it with 1000 do it with smaller than
1640
1641 411
1642 00:26:44,490 ~-~-> 00:26:48,570
1643 $500 if you can afford to do so. And there are brokers out
1644
1645 412
1646 00:26:48,570 ~-~-> 00:26:52,290
1647 there that will let you do that. And yes, to empty for
1648
1649 413
1650 00:26:52,290 ~-~-> 00:26:56,730
1651 sometimes. Okay, there's nothing wrong with empty for if you
1652
1653 414
1654 00:26:56,730 ~-~-> 00:26:59,520
1655 are the person trading it, okay? Don't don't get wrapped up
1656
1657 415
1658 00:26:59,520 ~-~-> 00:27:02,280
1659 in all this stuff that's been going around lately. Okay,
1660
1661 416
1662 00:27:02,280 ~-~-> 00:27:07,710
1663 about how mt fours a scam. You can trade with a broker that
1664
1665 417
1666 00:27:07,710 ~-~-> 00:27:13,230
1667 uses mt four, okay. And it's the educators that use mt four
1668
1669 418
1670 00:27:13,860 ~-~-> 00:27:18,840
1671 are the problem, because everyone knows now that it's easily
1672
1673 419
1674 00:27:19,140 ~-~-> 00:27:23,370
1675 rigged. It's fake. Okay. So that's why you don't see any of
1676
1677 420
1678 00:27:23,370 ~-~-> 00:27:26,280
1679 those cats on trading view doing in their executions,
1680
1681 421
1682 00:27:26,370 ~-~-> 00:27:29,640
1683 because you will see right away immediately, they have no
1684
1685 422
1686 00:27:29,640 ~-~-> 00:27:34,320
1687 idea how to trade zero, zilch, none. Because if they could,
1688
1689 423
1690 00:27:34,830 ~-~-> 00:27:37,260
1691 it's real easy to do it here. I don't need to do it at a
1692
1693 424
1694 00:27:37,260 ~-~-> 00:27:42,510
1695 Live account. Now I'll do it. I'll do it for $75,000 girl
1696
1697 425
1698 00:27:42,690 ~-~-> 00:27:46,530
1699 that you can't put in an escrow account, I'll do it. But if
1700
1701 426
1702 00:27:46,530 ~-~-> 00:27:49,530
1703 you say you're going to pay me, and then you can't do it,
1704
1705 427
1706 00:27:49,950 ~-~-> 00:27:55,380
1707 well, that's kind of deflating, it's not motivational. But
1708
1709 428
1710 00:27:56,100 ~-~-> 00:27:59,610
1711 for all you educators out there that want to drive around
1712
1713 429
1714 00:27:59,610 ~-~-> 00:28:05,100
1715 your cars, and pose on Instagram. This is a real easy way of
1716
1717 430
1718 00:28:05,100 ~-~-> 00:28:10,140
1719 proving you know how to do a trade frame and out, execute
1720
1721 431
1722 00:28:10,140 ~-~-> 00:28:13,590
1723 it, manage it, use a real stop the entire time. And the
1724
1725 432
1726 00:28:13,590 ~-~-> 00:28:15,900
1727 people following you don't have no problem believing that
1728
1729 433
1730 00:28:15,900 ~-~-> 00:28:18,540
1731 you know how to trade. And if you're teaching, then you have
1732
1733 434
1734 00:28:18,540 ~-~-> 00:28:20,970
1735 something you can say I can teach this because look what I
1736
1737 435
1738 00:28:20,970 ~-~-> 00:28:24,990
1739 can do. And that's all I'm doing here. Because I got lumped
1740
1741 436
1742 00:28:24,990 ~-~-> 00:28:31,500
1743 in erroneously with a couple people in the past. And
1744
1745 437
1746 00:28:32,010 ~-~-> 00:28:35,910
1747 thinking that I used a rented empty for server. Okay, so I
1748
1749 438
1750 00:28:35,910 ~-~-> 00:28:39,090
1751 don't use I couldn't even tell you how to do that. But I
1752
1753 439
1754 00:28:39,090 ~-~-> 00:28:44,730
1755 know that people do it. And you've watched examples on this
1756
1757 440
1758 00:28:44,730 ~-~-> 00:28:49,860
1759 YouTube channel, where I've got in and out same day. And
1760
1761 441
1762 00:28:49,860 ~-~-> 00:28:53,370
1763 using some of the things I'm showing you here in this video,
1764
1765 442
1766 00:28:54,300 ~-~-> 00:28:58,530
1767 I'm doing it with trading view. Okay, trading view is not
1768
1769 443
1770 00:28:58,560 ~-~-> 00:28:59,430
1771 empty for
1772
1773 444
1774 00:29:01,260 ~-~-> 00:29:06,390
1775 I don't know how I could possibly rig this because you can
1776
1777 445
1778 00:29:06,390 ~-~-> 00:29:09,480
1779 see the little time button down here. Okay, when it's going
1780
1781 446
1782 00:29:09,480 ~-~-> 00:29:12,990
1783 on. And it's the same chart that you're gonna be able to
1784
1785 447
1786 00:29:12,990 ~-~-> 00:29:17,370
1787 pull up if you pull up euro dollar and you use the forex.com
1788
1789 448
1790 00:29:17,430 ~-~-> 00:29:20,700
1791 data feed, your chart is going to look exactly like this.
1792
1793 449
1794 00:29:21,060 ~-~-> 00:29:25,140
1795 Okay, in the recording on my other tab here, this is what
1796
1797 450
1798 00:29:25,140 ~-~-> 00:29:28,110
1799 you see in the recording in a couple minutes. This is
1800
1801 451
1802 00:29:28,110 ~-~-> 00:29:32,280
1803 exactly where I got in it on this candle here. And I got out
1804
1805 452
1806 00:29:32,310 ~-~-> 00:29:35,160
1807 on this candle when put down here it got my limit and boom,
1808
1809 453
1810 00:29:35,160 ~-~-> 00:29:38,760
1811 there it is. It's done. All these things here is what I just
1812
1813 454
1814 00:29:38,790 ~-~-> 00:29:42,660
1815 outlined in my discussion. These vertical lines here are the
1816
1817 455
1818 00:29:42,660 ~-~-> 00:29:46,230
1819 exact time windows that I told you on this YouTube channel
1820
1821 456
1822 00:29:46,320 ~-~-> 00:29:49,410
1823 when I taught with the optimal trade entry pattern
1824
1825 457
1826 00:29:49,410 ~-~-> 00:29:55,620
1827 recognition series, that 20 video series. It was the 830 in
1828
1829 458
1830 00:29:55,620 ~-~-> 00:29:59,430
1831 the morning till 11 o'clock in the morning time window. So
1832
1833 459
1834 00:30:00,300 ~-~-> 00:30:02,970
1835 If you're looking for a very specific time of day where you
1836
1837 460
1838 00:30:02,970 ~-~-> 00:30:07,560
1839 want to trade and you have to set work hours, like what's
1840
1841 461
1842 00:30:07,560 ~-~-> 00:30:11,520
1843 your work schedule? Well, that's pretty easy. It's three and
1844
1845 462
1846 00:30:11,520 ~-~-> 00:30:15,120
1847 a half hours. You don't need to be in front of your charts
1848
1849 463
1850 00:30:15,300 ~-~-> 00:30:19,770
1851 all day long, 24 hours a day, you know, Sundays plus Monday
1852
1853 464
1854 00:30:19,770 ~-~-> 00:30:23,820
1855 through Friday, you don't need to do that. You just know
1856
1857 465
1858 00:30:24,180 ~-~-> 00:30:27,030
1859 that there are specific time windows, and certain days of
1860
1861 466
1862 00:30:27,030 ~-~-> 00:30:30,840
1863 the week and certain phenomenon, and repeating signatures,
1864
1865 467
1866 00:30:31,470 ~-~-> 00:30:34,320
1867 or patterns or setups, it's called that for those outside
1868
1869 468
1870 00:30:34,320 ~-~-> 00:30:39,210
1871 the mentorship, these things that repeat all the time, they
1872
1873 469
1874 00:30:39,210 ~-~-> 00:30:43,350
1875 will form between specific times of the day 830 in the
1876
1877 470
1878 00:30:43,350 ~-~-> 00:30:45,780
1879 morning till 11 o'clock, that's an easy three and a half
1880
1881 471
1882 00:30:45,780 ~-~-> 00:30:48,450
1883 hours to sit down in front of your charts. If you miss that
1884
1885 472
1886 00:30:48,450 ~-~-> 00:30:51,090
1887 set up that day, who cares, go go do whatever you want to
1888
1889 473
1890 00:30:51,090 ~-~-> 00:30:55,830
1891 do, after 11 o'clock. Just don't don't force it. When you
1892
1893 474
1894 00:30:55,830 ~-~-> 00:30:59,610
1895 have this idea, it really reduces the likelihood of you over
1896
1897 475
1898 00:30:59,610 ~-~-> 00:31:02,790
1899 trading too. Because if you have this delineated on your
1900
1901 476
1902 00:31:02,790 ~-~-> 00:31:06,630
1903 chart, okay, I only do this on the on the examples. I don't
1904
1905 477
1906 00:31:06,630 ~-~-> 00:31:10,560
1907 have this on my charts when I'm trading, okay? I do this. So
1908
1909 478
1910 00:31:10,560 ~-~-> 00:31:14,610
1911 you can see it visually how I internalize it on a naked
1912
1913 479
1914 00:31:14,610 ~-~-> 00:31:18,030
1915 chart, because it would look like this. When I'm looking at
1916
1917 480
1918 00:31:18,030 ~-~-> 00:31:21,750
1919 it. I'm not looking at all these other things, these labels
1920
1921 481
1922 00:31:21,750 ~-~-> 00:31:25,530
1923 and such. That's only for your benefit. It's for your
1924
1925 482
1926 00:31:25,530 ~-~-> 00:31:29,580
1927 edification, when I do it, I don't need these things. And
1928
1929 483
1930 00:31:29,580 ~-~-> 00:31:32,850
1931 it's not a bragging thing. It's not an ego thing. I'm just
1932
1933 484
1934 00:31:32,850 ~-~-> 00:31:38,160
1935 telling you, I know what I'm looking for. And it's 27 years,
1936
1937 485
1938 00:31:38,160 ~-~-> 00:31:41,700
1939 almost 20 years, November 5, I've been doing the same stuff.
1940
1941 486
1942 00:31:42,450 ~-~-> 00:31:47,220
1943 So for you seeing me with this lipstick on my charts, it
1944
1945 487
1946 00:31:47,220 ~-~-> 00:31:50,790
1947 helps you internalize it the same way I am, where I don't
1948
1949 488
1950 00:31:50,790 ~-~-> 00:31:53,580
1951 necessarily have to put it on the charts when I'm doing it.
1952
1953 489
1954 00:31:54,180 ~-~-> 00:31:59,310
1955 So I want you to take a look at again, 830, Windows starts
1956
1957 490
1958 00:31:59,310 ~-~-> 00:32:04,650
1959 here. And 11 here. Price runs up after breaking the market
1960
1961 491
1962 00:32:04,650 ~-~-> 00:32:08,970
1963 structure on here. It runs right up into this last up close
1964
1965 492
1966 00:32:08,970 ~-~-> 00:32:13,140
1967 candle right there. So that bearish order block gets tagged
1968
1969 493
1970 00:32:13,170 ~-~-> 00:32:18,360
1971 here. Now I have this little line right there. Why am I
1972
1973 494
1974 00:32:18,360 ~-~-> 00:32:21,330
1975 having this annotated, because I wanted to see if it was
1976
1977 495
1978 00:32:21,330 ~-~-> 00:32:24,540
1979 going to punch up a little bit more. And admittedly, because
1980
1981 496
1982 00:32:24,540 ~-~-> 00:32:27,870
1983 I was trying to do too many things at one time. I knew the
1984
1985 497
1986 00:32:27,870 ~-~-> 00:32:30,420
1987 likelihood it could take trade up into this little bit
1988
1989 498
1990 00:32:30,420 ~-~-> 00:32:36,000
1991 higher. But I knew as long as I traded very close to the
1992
1993 499
1994 00:32:36,000 ~-~-> 00:32:40,980
1995 high end of this candle here. I'm fine. In fact, anywhere
1996
1997 500
1998 00:32:40,980 ~-~-> 00:32:48,330
1999 inside this candle going short, I'm fine. Now, why? Because
2000
2001 501
2002 00:32:48,330 ~-~-> 00:32:52,860
2003 it's a breaker. The high here and he stops are resting low
2004
2005 502
2006 00:32:52,860 ~-~-> 00:32:58,170
2007 that he got rated there. So when price broke down, even
2008
2009 503
2010 00:32:58,170 ~-~-> 00:33:02,130
2011 though we went through this candle here, it's still a
2012
2013 504
2014 00:33:02,130 ~-~-> 00:33:07,320
2015 breaker. So all of this erroneous price action. I'm willing
2016
2017 505
2018 00:33:07,320 ~-~-> 00:33:11,580
2019 to just count, don't even worry about it. Why? Because it's
2020
2021 506
2022 00:33:11,580 ~-~-> 00:33:16,110
2023 the wicks. See the bodies of the candles here. It's inside
2024
2025 507
2026 00:33:16,110 ~-~-> 00:33:20,190
2027 this candle range. So I'm trying to get short worst case
2028
2029 508
2030 00:33:20,190 ~-~-> 00:33:24,270
2031 scenario there. But I was willing to watch it and see if it
2032
2033 509
2034 00:33:24,270 ~-~-> 00:33:27,450
2035 could spike up a little bit more. But as I said, You know, I
2036
2037 510
2038 00:33:27,450 ~-~-> 00:33:32,250
2039 got to do it now. And I got in as it was inside this candle.
2040
2041 511
2042 00:33:32,280 ~-~-> 00:33:38,040
2043 If you look at the entry price. It's 117 35 and five events.
2044
2045 512
2046 00:33:38,400 ~-~-> 00:33:41,490
2047 Okay. The high on this candle
2048
2049 513
2050 00:33:43,050 ~-~-> 00:33:48,240
2051 is 36 in two pipettes. So it's very, very close to the high
2052
2053 514
2054 00:33:48,240 ~-~-> 00:33:52,140
2055 end of that. So entries inside this breaker. So that's fine.
2056
2057 515
2058 00:33:52,170 ~-~-> 00:33:56,700
2059 And I did not get and you don't need to get the wick. Okay.
2060
2061 516
2062 00:33:56,730 ~-~-> 00:33:59,910
2063 You don't need to have that. You are going to learn to
2064
2065 517
2066 00:33:59,910 ~-~-> 00:34:03,840
2067 anticipate that and it doesn't scare you out of the idea. In
2068
2069 518
2070 00:34:03,840 ~-~-> 00:34:06,420
2071 other words, when it was a boldface, bullish candle here,
2072
2073 519
2074 00:34:06,900 ~-~-> 00:34:10,230
2075 even on this one here when it was boldface bullish, I'm not
2076
2077 520
2078 00:34:10,230 ~-~-> 00:34:13,320
2079 looking at that thinking, oh my goodness, I'm wrong. Now
2080
2081 521
2082 00:34:13,350 ~-~-> 00:34:16,980
2083 this is risk reasonable. It's just expected. At least I'm
2084
2085 522
2086 00:34:16,980 ~-~-> 00:34:19,800
2087 expecting it because it can go a little bit deeper and
2088
2089 523
2090 00:34:19,800 ~-~-> 00:34:23,100
2091 farther up into the body of this candle here which is a
2092
2093 524
2094 00:34:23,100 ~-~-> 00:34:27,390
2095 bearish order block. So this bearish order block and bearish
2096
2097 525
2098 00:34:27,390 ~-~-> 00:34:30,390
2099 breaker, both of them could be utilized for your pattern,
2100
2101 526
2102 00:34:30,840 ~-~-> 00:34:35,340
2103 but I'm looking at this high down to this low for optimal
2104
2105 527
2106 00:34:35,340 ~-~-> 00:34:39,870
2107 trade entry. Okay, so you can see I was hopefully trying to
2108
2109 528
2110 00:34:39,870 ~-~-> 00:34:43,080
2111 get down here. I was watching to see if we could get that
2112
2113 529
2114 00:34:43,470 ~-~-> 00:34:48,330
2115 and it wasn't likely to do that is this late in the day
2116
2117 530
2118 00:34:48,330 ~-~-> 00:34:52,140
2119 consolidation was forming. So I had to make a move to get up
2120
2121 531
2122 00:34:52,140 ~-~-> 00:34:54,600
2123 into here and even then it was showing and I'm willing to
2124
2125 532
2126 00:34:54,600 ~-~-> 00:35:00,270
2127 get below that. So with this target here, below Here
2128
2129 533
2130 00:35:00,270 ~-~-> 00:35:03,780
2131 anticipating a potential run through that low. My limit
2132
2133 534
2134 00:35:03,780 ~-~-> 00:35:08,700
2135 order was set for 30 pips as the date worked longer into the
2136
2137 535
2138 00:35:08,700 ~-~-> 00:35:12,270
2139 close, it became more apparent that I wasn't going to get
2140
2141 536
2142 00:35:12,270 ~-~-> 00:35:18,060
2143 that so I adjusted and moved my limit order to 117 15 and
2144
2145 537
2146 00:35:18,060 ~-~-> 00:35:22,830
2147 five pets, so that's exactly 20 pips and you somebody you're
2148
2149 538
2150 00:35:22,830 ~-~-> 00:35:27,060
2151 thinking, oh 20 pips big deal but look at the entry on this
2152
2153 539
2154 00:35:27,060 ~-~-> 00:35:33,390
2155 candle. I was off by one. And believe me, if I was making my
2156
2157 540
2158 00:35:33,510 ~-~-> 00:35:37,290
2159 comment section open for trolls to have their fun. They
2160
2161 541
2162 00:35:37,290 ~-~-> 00:35:39,870
2163 could say, Oh, yeah, you missed this in Believe me. I'm
2164
2165 542
2166 00:35:39,870 ~-~-> 00:35:42,120
2167 already beating myself up because I didn't wait because I
2168
2169 543
2170 00:35:42,120 ~-~-> 00:35:44,760
2171 otherwise would have hit that candle. I would have done it.
2172
2173 544
2174 00:35:45,390 ~-~-> 00:35:50,940
2175 And then here's the low exit on here. Okay, so Exactly. 20
2176
2177 545
2178 00:35:50,940 ~-~-> 00:35:57,150
2179 pips? Yes, kind of like five pips more than my minimum. Like
2180
2181 546
2182 00:35:57,150 ~-~-> 00:35:59,730
2183 I try to at least if I'm going to scalp I have to at least
2184
2185 547
2186 00:35:59,730 ~-~-> 00:36:03,030
2187 be able to bank 15 pips, I have to be able to do that if I
2188
2189 548
2190 00:36:03,030 ~-~-> 00:36:06,840
2191 can't, I'm not going to take the trade. Now I can work in 10
2192
2193 549
2194 00:36:06,840 ~-~-> 00:36:12,990
2195 PIP ranges and build up like, seven eight pips here, six to
2196
2197 550
2198 00:36:12,990 ~-~-> 00:36:16,140
2199 eight pips 10 pips here, build that up, and I can make 100
2200
2201 551
2202 00:36:16,140 ~-~-> 00:36:19,650
2203 pips in a day doing that. But it takes a lot of time, it
2204
2205 552
2206 00:36:19,650 ~-~-> 00:36:22,770
2207 takes a lot of work, a lot of focus. And it's just not worth
2208
2209 553
2210 00:36:22,770 ~-~-> 00:36:27,030
2211 it. But the times in the past where I wanted to show off,
2212
2213 554
2214 00:36:27,600 ~-~-> 00:36:31,440
2215 and let my ego run, I did that kind of stuff. And it's not
2216
2217 555
2218 00:36:31,500 ~-~-> 00:36:34,650
2219 something that I don't want my students thinking, Oh, my
2220
2221 556
2222 00:36:34,650 ~-~-> 00:36:37,200
2223 goodness, that's what I want to do Christmas, it's, it's
2224
2225 557
2226 00:36:37,230 ~-~-> 00:36:42,240
2227 madness. You don't need to do it. But it is a nice way to
2228
2229 558
2230 00:36:42,540 ~-~-> 00:36:46,050
2231 practice. And you can see how fast you know, if you have a
2232
2233 559
2234 00:36:46,050 ~-~-> 00:36:49,740
2235 goal, which is what I teach all my students have, is to set
2236
2237 560
2238 00:36:49,740 ~-~-> 00:36:54,510
2239 a goal of 25 to 30 pips a week net. And if you can do that,
2240
2241 561
2242 00:36:55,260 ~-~-> 00:37:02,100
2243 and you get to the point where you can manage to have 2% on
2244
2245 562
2246 00:37:02,100 ~-~-> 00:37:04,620
2247 that, which is a lot for a new trader, I don't think a new
2248
2249 563
2250 00:37:04,620 ~-~-> 00:37:07,800
2251 trader should have 2% risk on anything, not even in a demo
2252
2253 564
2254 00:37:07,800 ~-~-> 00:37:11,430
2255 account. But if you can grow to the point of knowing what
2256
2257 565
2258 00:37:11,430 ~-~-> 00:37:18,150
2259 your setup is, and you're comfortable with risk 25 or 30
2260
2261 566
2262 00:37:18,150 ~-~-> 00:37:22,950
2263 pips, replaces a job, it absolutely replaces it. And what
2264
2265 567
2266 00:37:22,950 ~-~-> 00:37:27,360
2267 happens is, the criteria that you use to find that 25 to 30
2268
2269 568
2270 00:37:27,360 ~-~-> 00:37:33,690
2271 pips for the week, becomes replicated in another trading
2272
2273 569
2274 00:37:33,690 ~-~-> 00:37:37,020
2275 day. And then all of a sudden, you start thinking, well, I
2276
2277 570
2278 00:37:37,020 ~-~-> 00:37:41,220
2279 can find it in two trading days per week. And then you strip
2280
2281 571
2282 00:37:41,220 ~-~-> 00:37:46,770
2283 it down and say, okay, every single trading day has this 830
2284
2285 572
2286 00:37:46,770 ~-~-> 00:37:50,580
2287 to 11 o'clock in the morning, New York session. So there's
2288
2289 573
2290 00:37:50,580 ~-~-> 00:37:55,260
2291 five hypothetical times of the week that you can find shut
2292
2293 574
2294 00:37:55,260 ~-~-> 00:37:59,580
2295 ups in between these time windows. But it also exists
2296
2297 575
2298 00:37:59,580 ~-~-> 00:38:01,770
2299 between two o'clock and five o'clock in the morning for
2300
2301 576
2302 00:38:01,800 ~-~-> 00:38:07,890
2303 London open. So that would be trades like over here. So now
2304
2305 577
2306 00:38:07,890 ~-~-> 00:38:13,290
2307 you have two windows of opportunity per trading day. Asia
2308
2309 578
2310 00:38:13,290 ~-~-> 00:38:18,360
2311 has a little bit, and London close has a little bit. And you
2312
2313 579
2314 00:38:18,360 ~-~-> 00:38:20,100
2315 have New York clothes, which
2316
2317 580
2318 00:38:20,609 ~-~-> 00:38:23,789
2319 is the least in terms of volatility, and you have to really
2320
2321 581
2322 00:38:23,789 ~-~-> 00:38:25,349
2323 know what you're looking for. That's why I don't do a whole
2324
2325 582
2326 00:38:25,349 ~-~-> 00:38:28,979
2327 lot of teaching on it, because it will probably get traders
2328
2329 583
2330 00:38:28,979 ~-~-> 00:38:32,699
2331 in trouble. Whereas learning clothes can be utilized in
2332
2333 584
2334 00:38:32,699 ~-~-> 00:38:37,079
2335 certain instances where it could be reversal setups and
2336
2337 585
2338 00:38:37,079 ~-~-> 00:38:40,019
2339 trade back into the daily range. Or they can be
2340
2341 586
2342 00:38:40,019 ~-~-> 00:38:44,879
2343 continuations of a larger move that's occurring that would
2344
2345 587
2346 00:38:44,879 ~-~-> 00:38:48,659
2347 otherwise trip people up. And again, that's not for a
2348
2349 588
2350 00:38:48,659 ~-~-> 00:38:53,669
2351 discussion on YouTube. But you can quickly see there's five
2352
2353 589
2354 00:38:53,669 ~-~-> 00:38:58,649
2355 London sessions, five New York sessions. So that's 10
2356
2357 590
2358 00:38:58,679 ~-~-> 00:39:02,369
2359 potential trading opportunities. So at worst case scenario,
2360
2361 591
2362 00:39:02,909 ~-~-> 00:39:06,959
2363 okay. In terms of trade frequency, you should have no more
2364
2365 592
2366 00:39:06,959 ~-~-> 00:39:10,829
2367 than this is optimal trades now, highest order of optimal
2368
2369 593
2370 00:39:11,039 ~-~-> 00:39:14,519
2371 setups, and time of day, no more than 10 trades per week.
2372
2373 594
2374 00:39:16,889 ~-~-> 00:39:18,479
2375 This guy sitting there trying to tell me I shouldn't take
2376
2377 595
2378 00:39:18,479 ~-~-> 00:39:20,789
2379 more than 10 trades a week, man, I've been taking 50 trades
2380
2381 596
2382 00:39:20,789 ~-~-> 00:39:24,989
2383 a week. Okay? how hard you working for those 50 trades? How
2384
2385 597
2386 00:39:24,989 ~-~-> 00:39:31,679
2387 much sleep? Are you losing with those 50 trades? See, I can
2388
2389 598
2390 00:39:31,679 ~-~-> 00:39:33,899
2391 look at the calendar and I can teach my students to say
2392
2393 599
2394 00:39:33,899 ~-~-> 00:39:36,719
2395 okay, we all have the same 10 opportunities now in front of
2396
2397 600
2398 00:39:36,719 ~-~-> 00:39:39,809
2399 us for the new week come. But then you look at the economic
2400
2401 601
2402 00:39:39,809 ~-~-> 00:39:42,839
2403 calendar and which one of those days and those time windows
2404
2405 602
2406 00:39:42,839 ~-~-> 00:39:47,369
2407 have a medium or high impact news event around it? Because
2408
2409 603
2410 00:39:47,369 ~-~-> 00:39:50,519
2411 that's a smokescreen that the central banks use, and they
2412
2413 604
2414 00:39:50,519 ~-~-> 00:39:54,119
2415 inject volatility there. Sometimes they use it to go in sync
2416
2417 605
2418 00:39:54,119 ~-~-> 00:39:57,149
2419 with an underlying premise that's noticeable in price
2420
2421 606
2422 00:39:57,149 ~-~-> 00:40:01,199
2423 action. Other times they mask a report reversal of sorts
2424
2425 607
2426 00:40:01,259 ~-~-> 00:40:07,349
2427 with that news even. And that is narrative. That's something
2428
2429 608
2430 00:40:07,349 ~-~-> 00:40:10,649
2431 I'm never going to teach on YouTube. But those things those
2432
2433 609
2434 00:40:10,709 ~-~-> 00:40:15,329
2435 elements help you formulate an approach for a coming week,
2436
2437 610
2438 00:40:15,509 ~-~-> 00:40:18,029
2439 where a majority of your focus is going to be on one
2440
2441 611
2442 00:40:18,029 ~-~-> 00:40:22,529
2443 particular currency, one particular day at one specific time
2444
2445 612
2446 00:40:22,529 ~-~-> 00:40:29,489
2447 of day, be it London open or New York open. Every single one
2448
2449 613
2450 00:40:29,519 ~-~-> 00:40:35,819
2451 of these setups have the potential to pay out 25 to 30 pips.
2452
2453 614
2454 00:40:36,899 ~-~-> 00:40:42,329
2455 Now like today, I didn't get 30 pips. So I have a deficit of
2456
2457 615
2458 00:40:42,509 ~-~-> 00:40:45,449
2459 five pips for the week. On a Friday, let's say I didn't do
2460
2461 616
2462 00:40:45,449 ~-~-> 00:40:50,159
2463 any trades on Thursday, or Wednesday, or Tuesday or Monday.
2464
2465 617
2466 00:40:50,489 ~-~-> 00:40:53,999
2467 And this was the only trade that was able to engage with and
2468
2469 618
2470 00:40:53,999 ~-~-> 00:40:59,399
2471 it was five pips short. Is that a losing week? To some
2472
2473 619
2474 00:40:59,399 ~-~-> 00:41:01,709
2475 students of mine coming into this YouTube channel? And
2476
2477 620
2478 00:41:01,709 ~-~-> 00:41:04,619
2479 they'll say, Yeah, because I was supposed to make 25 to 30
2480
2481 621
2482 00:41:04,619 ~-~-> 00:41:11,099
2483 pips. So that means I sucked, or they sucked. They didn't
2484
2485 622
2486 00:41:11,099 ~-~-> 00:41:15,179
2487 meet their, their goal for the week. And I'm here to say
2488
2489 623
2490 00:41:15,179 ~-~-> 00:41:20,309
2491 that that's not true, you actually did very well. Because if
2492
2493 624
2494 00:41:20,309 ~-~-> 00:41:23,639
2495 you're aiming for 25 to 30, you have the potential to make
2496
2497 625
2498 00:41:23,639 ~-~-> 00:41:28,769
2499 25 to 30, each individual New York or London open trading
2500
2501 626
2502 00:41:28,769 ~-~-> 00:41:32,039
2503 session, that does not mean and I'm not in any way, shape,
2504
2505 627
2506 00:41:32,039 ~-~-> 00:41:35,369
2507 or form, trying to entice you to think that you could trade
2508
2509 628
2510 00:41:35,369 ~-~-> 00:41:38,909
2511 every single day and be profitable every single day. Because
2512
2513 629
2514 00:41:38,939 ~-~-> 00:41:44,039
2515 I think I'm above average. And if I do that, invariably, I'm
2516
2517 630
2518 00:41:44,039 ~-~-> 00:41:48,749
2519 going to get stopped out, or I'm going to take a loss, that
2520
2521 631
2522 00:41:49,319 ~-~-> 00:41:52,949
2523 whatever the full risk is no words, I may get in the trade
2524
2525 632
2526 00:41:52,979 ~-~-> 00:41:55,559
2527 it start mean, it may start moving in my favor, and I move
2528
2529 633
2530 00:41:55,559 ~-~-> 00:41:59,879
2531 my stop a little bit to preserve some of the equity that
2532
2533 634
2534 00:41:59,909 ~-~-> 00:42:02,399
2535 otherwise would have been risked in the trade. And I was on
2536
2537 635
2538 00:42:02,399 ~-~-> 00:42:05,999
2539 reducing the stop. But it ends up stopping me out for a
2540
2541 636
2542 00:42:05,999 ~-~-> 00:42:11,519
2543 loss, but not a full initial exposure. Or it could be a shin
2544
2545 637
2546 00:42:11,519 ~-~-> 00:42:14,909
2547 I get in, it's starting out. Or if it's a limit order, and I
2548
2549 638
2550 00:42:14,909 ~-~-> 00:42:18,389
2551 don't get filled, but then it runs without me. Those are
2552
2553 639
2554 00:42:18,389 ~-~-> 00:42:21,389
2555 those those are those Gremlins, if you will, that creep in
2556
2557 640
2558 00:42:21,389 ~-~-> 00:42:25,409
2559 if you try to do every day trading, okay. Nobody writes
2560
2561 641
2562 00:42:25,409 ~-~-> 00:42:28,139
2563 books. And I'm not going to be the guy to do it. Either.
2564
2565 642
2566 00:42:28,559 ~-~-> 00:42:32,609
2567 titling it everyday trading. Because day trading is not
2568
2569 643
2570 00:42:34,229 ~-~-> 00:42:37,409
2571 something you should try to do every single day. There are
2572
2573 644
2574 00:42:37,409 ~-~-> 00:42:39,839
2575 times when you just simply got to know when not to do it.
2576
2577 645
2578 00:42:39,869 ~-~-> 00:42:43,979
2579 And my mentorship is seeing that. Right now, in full
2580
2581 646
2582 00:42:43,979 ~-~-> 00:42:47,369
2583 disclosure, I've committed to
2584
2585 647
2586 00:42:48,780 ~-~-> 00:42:53,400
2587 an idea that the dollar was going to go lower, and other
2588
2589 648
2590 00:42:53,400 ~-~-> 00:42:56,910
2591 foreign currencies were going to go higher this week. I
2592
2593 649
2594 00:42:56,910 ~-~-> 00:43:00,510
2595 committed to that before the week started. But yet, I was
2596
2597 650
2598 00:43:00,510 ~-~-> 00:43:04,770
2599 still able to find trading setups, and I outlined one on
2600
2601 651
2602 00:43:04,770 ~-~-> 00:43:07,620
2603 Wednesday in the Aussie dollar. And again, I'm not here to
2604
2605 652
2606 00:43:07,890 ~-~-> 00:43:11,100
2607 protect my ego, because you all wouldn't even know about it,
2608
2609 653
2610 00:43:11,430 ~-~-> 00:43:14,610
2611 because you're here on YouTube. But they know they can
2612
2613 654
2614 00:43:14,610 ~-~-> 00:43:20,190
2615 contrast and balance the value in understanding that even if
2616
2617 655
2618 00:43:20,190 ~-~-> 00:43:23,730
2619 you get it wrong, it doesn't change anything. It just means,
2620
2621 656
2622 00:43:23,940 ~-~-> 00:43:28,230
2623 okay, it didn't give me setups with my expected perception
2624
2625 657
2626 00:43:28,230 ~-~-> 00:43:34,290
2627 of where price should go. But you can still find setups and
2628
2629 658
2630 00:43:34,290 ~-~-> 00:43:38,880
2631 find them with the same tools and concepts that lead to an
2632
2633 659
2634 00:43:38,880 ~-~-> 00:43:42,420
2635 initial analysis that you would otherwise abandon because of
2636
2637 660
2638 00:43:42,450 ~-~-> 00:43:46,800
2639 something new developing in price. And for someone that's
2640
2641 661
2642 00:43:46,800 ~-~-> 00:43:48,480
2643 brand new to this channel, if this sounds like oh, this
2644
2645 662
2646 00:43:48,480 ~-~-> 00:43:54,510
2647 guy's it's talking nonsense. And that's fine. I don't want
2648
2649 663
2650 00:43:54,510 ~-~-> 00:43:58,590
2651 you to believe anything I say. You go into this channel and
2652
2653 664
2654 00:43:58,590 ~-~-> 00:44:02,400
2655 you investigate the things I talk about. and test it. If you
2656
2657 665
2658 00:44:02,400 ~-~-> 00:44:06,090
2659 test it, that's the evidence you've been looking for. You
2660
2661 666
2662 00:44:06,090 ~-~-> 00:44:09,750
2663 don't need me to show you a live trading account. Because
2664
2665 667
2666 00:44:09,750 ~-~-> 00:44:13,020
2667 it's the same thing. If I do this with a Live account, it's
2668
2669 668
2670 00:44:13,020 ~-~-> 00:44:16,740
2671 gonna be the same price data. It's gonna be same price data.
2672
2673 669
2674 00:44:18,990 ~-~-> 00:44:23,580
2675 Look at this price action here. Okay, and this is euro on a
2676
2677 670
2678 00:44:23,580 ~-~-> 00:44:27,090
2679 five minute chart for forex.com. Alright, I'm going to load
2680
2681 671
2682 00:44:27,090 ~-~-> 00:44:34,440
2683 up another euro dollar chart. I'm going to use alanda. Let's
2684
2685 672
2686 00:44:34,440 ~-~-> 00:44:39,030
2687 look at oh and this price feed. And we're going to look at
2688
2689 673
2690 00:44:39,030 ~-~-> 00:44:47,370
2691 it on the same five minute chart. Okay, now, here's that
2692
2693 674
2694 00:44:47,370 ~-~-> 00:44:53,190
2695 swing low. It breaks it. Now, notice it says Atlanta that's
2696
2697 675
2698 00:44:53,190 ~-~-> 00:44:56,730
2699 not forex.com totally different brokerage. Totally different
2700
2701 676
2702 00:44:56,730 ~-~-> 00:45:03,150
2703 data feed right. You don't Ever see him showing you trades?
2704
2705 677
2706 00:45:03,390 ~-~-> 00:45:08,070
2707 He didn't push the button? You need to push that escrow
2708
2709 678
2710 00:45:08,070 ~-~-> 00:45:12,030
2711 button girl. So here's the low that's broken market
2712
2713 679
2714 00:45:12,030 ~-~-> 00:45:15,660
2715 structures broken market rallies back up, here's that that
2716
2717 680
2718 00:45:15,660 ~-~-> 00:45:23,130
2719 swing high down that swing low isn't this isn't this the
2720
2721 681
2722 00:45:23,130 ~-~-> 00:45:29,730
2723 same thing I was looking at? It's still not on trends,
2724
2725 682
2726 00:45:29,730 ~-~-> 00:45:34,170
2727 right? This is the candle answer that that time of day, that
2728
2729 683
2730 00:45:34,200 ~-~-> 00:45:38,700
2731 time window that time candle. And I missed the one I made a
2732
2733 684
2734 00:45:38,700 ~-~-> 00:45:47,310
2735 little bit higher high. Here's forex.com. And again alanda
2736
2737 685
2738 00:45:49,080 ~-~-> 00:45:51,420
2739 scrunch up a little bit, so it makes it a little bit closer.
2740
2741 686
2742 00:45:54,720 ~-~-> 00:45:59,130
2743 Is this not doing the same thing? You need me to do this of
2744
2745 687
2746 00:45:59,130 ~-~-> 00:46:04,680
2747 a Live account for you can't believe anything. See, you see,
2748
2749 688
2750 00:46:04,800 ~-~-> 00:46:07,770
2751 see you later if that's how you feel good. See you. And
2752
2753 689
2754 00:46:07,770 ~-~-> 00:46:16,410
2755 here's the forex.com with the executions. Okay. And I'll
2756
2757 690
2758 00:46:16,410 ~-~-> 00:46:24,780
2759 show you. executions. off on look right here. And right
2760
2761 691
2762 00:46:24,780 ~-~-> 00:46:32,070
2763 here. There you go. See that? See that right there? So
2764
2765 692
2766 00:46:32,160 ~-~-> 00:46:38,730
2767 again, if you look at I don't have multiple accounts to
2768
2769 693
2770 00:46:38,880 ~-~-> 00:46:42,390
2771 Okay, you see these people going Oh, yeah, he's got like 16
2772
2773 694
2774 00:46:42,390 ~-~-> 00:46:46,920
2775 different demo accounts. Now I have just my trading account.
2776
2777 695
2778 00:46:47,220 ~-~-> 00:46:52,890
2779 And there's my tag. That's my handle. I m ICT. I mean, and
2780
2781 696
2782 00:46:53,520 ~-~-> 00:46:58,050
2783 account history. That's the trade here. I use $10,000.
2784
2785 697
2786 00:46:58,320 ~-~-> 00:47:05,760
2787 hypothetical money. It's 2%. If you do 2%, every week, okay,
2788
2789 698
2790 00:47:05,820 ~-~-> 00:47:11,580
2791 every week. And that's all you do. You realize that you're
2792
2793 699
2794 00:47:11,580 ~-~-> 00:47:16,980
2795 doing something that 99.9% of the people in trading aren't
2796
2797 700
2798 00:47:17,010 ~-~-> 00:47:22,800
2799 doing. Now, let's go back to that hypothetical example, of
2800
2801 701
2802 00:47:23,400 ~-~-> 00:47:28,470
2803 10 potential trading opportunities per week. And which one
2804
2805 702
2806 00:47:28,500 ~-~-> 00:47:29,790
2807 fits your schedule?
2808
2809 703
2810 00:47:31,530 ~-~-> 00:47:34,350
2811 Do you work at that particular time on that particular day?
2812
2813 704
2814 00:47:35,370 ~-~-> 00:47:40,470
2815 Or can you watch on your smartphone, these potential setups
2816
2817 705
2818 00:47:40,470 ~-~-> 00:47:44,310
2819 because even if you're working, you can set alerts to trade
2820
2821 706
2822 00:47:44,340 ~-~-> 00:47:48,750
2823 if it gets near this handles low, drop it down like seven or
2824
2825 707
2826 00:47:48,750 ~-~-> 00:47:52,140
2827 eight pips. If it trades up to there, and you'll see me put
2828
2829 708
2830 00:47:52,140 ~-~-> 00:47:54,930
2831 alerts on in the recording, because I had to walk away from
2832
2833 709
2834 00:47:54,930 ~-~-> 00:47:58,350
2835 the monitors. And if it hit there, I was gonna have to stop
2836
2837 710
2838 00:47:58,350 ~-~-> 00:48:00,810
2839 whatever I was doing, go back and determine if I was gonna
2840
2841 711
2842 00:48:00,810 ~-~-> 00:48:05,610
2843 take a partial or if I was gonna see if the exits there. And
2844
2845 712
2846 00:48:05,610 ~-~-> 00:48:08,310
2847 then I took the alerts back off when I got back to my
2848
2849 713
2850 00:48:08,310 ~-~-> 00:48:09,930
2851 monitors. And again, you'll see this on recording in a
2852
2853 714
2854 00:48:09,930 ~-~-> 00:48:14,310
2855 couple minutes. But you can use alerts on trading view to
2856
2857 715
2858 00:48:15,750 ~-~-> 00:48:18,750
2859 bring your attention back to the charts. And while I'm not
2860
2861 716
2862 00:48:18,750 ~-~-> 00:48:23,310
2863 trying to tell you to steal your employer's time and be a
2864
2865 717
2866 00:48:23,880 ~-~-> 00:48:29,670
2867 poor steward, there, I believe it's equivalent to you going
2868
2869 718
2870 00:48:29,670 ~-~-> 00:48:32,820
2871 to the bathroom at work, okay, you can excuse yourself and
2872
2873 719
2874 00:48:32,820 ~-~-> 00:48:35,460
2875 work. If your alarm goes off, as you're walking to the
2876
2877 720
2878 00:48:35,460 ~-~-> 00:48:39,150
2879 bathroom or restroom, set your trade up. And then boom,
2880
2881 721
2882 00:48:39,150 ~-~-> 00:48:41,370
2883 there it is. You put your limit order in, put your stop
2884
2885 722
2886 00:48:41,370 ~-~-> 00:48:44,760
2887 order in, and just let it do what it's going to do. And set
2888
2889 723
2890 00:48:44,760 ~-~-> 00:48:48,720
2891 your alerts at these thresholds where you would anticipate
2892
2893 724
2894 00:48:48,750 ~-~-> 00:48:54,990
2895 taking a partial. Now again, that's how I would do it.
2896
2897 725
2898 00:48:55,110 ~-~-> 00:48:59,460
2899 Today, if I had a job, that's how I would do it to
2900
2901 726
2902 00:48:59,460 ~-~-> 00:49:04,890
2903 continuously learn and develop. I didn't have this when I
2904
2905 727
2906 00:49:04,890 ~-~-> 00:49:12,810
2907 started back in 1992. So it was a lot harder. And you have a
2908
2909 728
2910 00:49:12,810 ~-~-> 00:49:17,190
2911 lot of advantages today that we as dinosaurs back in that
2912
2913 729
2914 00:49:17,190 ~-~-> 00:49:23,430
2915 error, and we wish we would have had, so you should take
2916
2917 730
2918 00:49:23,430 ~-~-> 00:49:27,450
2919 advantage of that. But if you have these windows of
2920
2921 731
2922 00:49:27,450 ~-~-> 00:49:30,480
2923 opportunity, every tree every trading day Monday through
2924
2925 732
2926 00:49:30,480 ~-~-> 00:49:37,290
2927 Friday, you should consider studying them at least in
2928
2929 733
2930 00:49:37,290 ~-~-> 00:49:41,580
2931 hindsight, and you'll see there's a plethora of setups every
2932
2933 734
2934 00:49:41,580 ~-~-> 00:49:46,770
2935 single week that offer 25 to 30 pips. Now if you get one of
2936
2937 735
2938 00:49:46,770 ~-~-> 00:49:51,510
2939 them per week, and you can make 2% gain, and then you stop.
2940
2941 736
2942 00:49:51,600 ~-~-> 00:49:55,170
2943 You don't take another risk. That's it, you're done. Oh,
2944
2945 737
2946 00:49:55,170 ~-~-> 00:49:58,230
2947 that's foolish Michael. Because you have to really press
2948
2949 738
2950 00:49:58,230 ~-~-> 00:50:01,770
2951 your edge. If you have an edge. You gotta push it until you
2952
2953 739
2954 00:50:01,770 ~-~-> 00:50:04,530
2955 get the draw down, because that's what happens. That's what
2956
2957 740
2958 00:50:04,530 ~-~-> 00:50:08,430
2959 happens when you push a sharp edge in trading, you overuse
2960
2961 741
2962 00:50:08,430 ~-~-> 00:50:13,050
2963 it adults that you don't need to be pushing it hard every
2964
2965 742
2966 00:50:13,050 ~-~-> 00:50:18,450
2967 single day. You want to look for the most optimal time, and
2968
2969 743
2970 00:50:18,450 ~-~-> 00:50:19,980
2971 day. And
2972
2973 744
2974 00:50:21,330 ~-~-> 00:50:21,930
2975 asset.
2976
2977 745
2978 00:50:22,049 ~-~-> 00:50:24,959
2979 In this case, we're looking at forex. So what pair is
2980
2981 746
2982 00:50:24,959 ~-~-> 00:50:28,319
2983 alignment with having a medium or high impact news event for
2984
2985 747
2986 00:50:28,319 ~-~-> 00:50:32,639
2987 that particular day that you anticipate seeing a setup
2988
2989 748
2990 00:50:32,639 ~-~-> 00:50:39,839
2991 forming? Then if you look at price, and you can frame out a
2992
2993 749
2994 00:50:39,839 ~-~-> 00:50:44,009
2995 idea that, yeah, this is broken market structure, optimal
2996
2997 750
2998 00:50:44,009 ~-~-> 00:50:48,089
2999 trade entry, it should trade down to here, even if it
3000
3001 751
3002 00:50:48,089 ~-~-> 00:50:52,319
3003 doesn't trade down to my target. does it allow me 15 to 20
3004
3005 752
3006 00:50:52,319 ~-~-> 00:50:58,259
3007 pips? Yes. And that's what I operated with today. I had this
3008
3009 753
3010 00:50:58,259 ~-~-> 00:51:01,169
3011 error here also, as you'll see me annotate that as well in
3012
3013 754
3014 00:51:01,169 ~-~-> 00:51:05,429
3015 the video. And it just went below a little bit on a shallow
3016
3017 755
3018 00:51:05,429 ~-~-> 00:51:08,399
3019 run. So I had to adjust my limit order. And if you look at
3020
3021 756
3022 00:51:08,399 ~-~-> 00:51:12,629
3023 where the price is here, below, it's like threading a
3024
3025 757
3026 00:51:12,629 ~-~-> 00:51:17,009
3027 needle, where I got out at with the spread, like that's
3028
3029 758
3030 00:51:17,099 ~-~-> 00:51:20,639
3031 highly, highly precise. I just wish you would have had a
3032
3033 759
3034 00:51:20,639 ~-~-> 00:51:22,439
3035 little bit more movement on the downside. But if you look at
3036
3037 760
3038 00:51:22,439 ~-~-> 00:51:24,779
3039 the other parent currency pairs, you know, today's was kind
3040
3041 761
3042 00:51:24,779 ~-~-> 00:51:28,199
3043 of sloppy. But this right here, I'm not going to take away
3044
3045 762
3046 00:51:28,199 ~-~-> 00:51:31,379
3047 from the London setup, which I was not a week, I was
3048
3049 763
3050 00:51:31,409 ~-~-> 00:51:36,449
3051 sleeping all through here. But I missed my deadline for a
3052
3053 764
3054 00:51:36,449 ~-~-> 00:51:40,049
3055 YouTube video yesterday. And I felt that an execution would
3056
3057 765
3058 00:51:40,049 ~-~-> 00:51:41,939
3059 make up for that because I wasn't going to do an execution
3060
3061 766
3062 00:51:41,939 ~-~-> 00:51:45,149
3063 discussion. Yesterday, I just wasn't going to do it, I was
3064
3065 767
3066 00:51:45,209 ~-~-> 00:51:50,729
3067 just going to talk about the effects of forcing overtrading.
3068
3069 768
3070 00:51:50,939 ~-~-> 00:51:54,299
3071 And I kind of used that idea and segwayed into this together
3072
3073 769
3074 00:51:54,299 ~-~-> 00:51:57,539
3075 and blended the two. So I hope you can appreciate that. And
3076
3077 770
3078 00:51:57,539 ~-~-> 00:52:01,499
3079 again, you can see this is a button being pushed here. And
3080
3081 771
3082 00:52:01,499 ~-~-> 00:52:07,979
3083 here. But one a limit. Okay, a limit was hit here. So I'm
3084
3085 772
3086 00:52:07,979 ~-~-> 00:52:13,799
3087 not trying to tell you something I did. Or works
3088
3089 773
3090 00:52:13,829 ~-~-> 00:52:17,939
3091 hypothetically, I execute on it. And it's something that you
3092
3093 774
3094 00:52:17,939 ~-~-> 00:52:21,419
3095 learn right here on this YouTube channel. doesn't cost you
3096
3097 775
3098 00:52:21,479 ~-~-> 00:52:25,709
3099 anything but the time to watch it. And yes, I talk a lot. I
3100
3101 776
3102 00:52:25,709 ~-~-> 00:52:29,009
3103 do. I talk a lot because I love what I do. I'm passionate
3104
3105 777
3106 00:52:29,009 ~-~-> 00:52:33,599
3107 about it. But the people that listen to me, they want me to
3108
3109 778
3110 00:52:33,599 ~-~-> 00:52:38,159
3111 talk, because that's where all that knowledge comes from.
3112
3113 779
3114 00:52:39,209 ~-~-> 00:52:41,789
3115 How you should be thinking about what you're doing, because
3116
3117 780
3118 00:52:41,789 ~-~-> 00:52:44,819
3119 you think it's just clicking a button. Watch the money come
3120
3121 781
3122 00:52:44,819 ~-~-> 00:52:46,889
3123 into your account. You think that's all this is when you
3124
3125 782
3126 00:52:46,889 ~-~-> 00:52:49,499
3127 first start, all you have to do is figure out if I'm a buyer
3128
3129 783
3130 00:52:49,499 ~-~-> 00:52:52,289
3131 or seller today. That's it. That's all you got to do. Right?
3132
3133 784
3134 00:52:52,589 ~-~-> 00:52:56,249
3135 And why is it that you are all failing? Why can't you see
3136
3137 785
3138 00:52:56,249 ~-~-> 00:52:58,949
3139 these setups? Why can't you do it because they're right here
3140
3141 786
3142 00:52:58,949 ~-~-> 00:53:02,249
3143 in these videos for free. You're not practicing and you're
3144
3145 787
3146 00:53:02,249 ~-~-> 00:53:06,029
3147 not believing the criteria and framework that I'm teaching
3148
3149 788
3150 00:53:06,029 ~-~-> 00:53:08,969
3151 conceptually, and you're not going into the price action and
3152
3153 789
3154 00:53:08,969 ~-~-> 00:53:12,749
3155 finding this and folks, listen, okay? It's a little bit of a
3156
3157 790
3158 00:53:12,749 ~-~-> 00:53:14,939
3159 woodshed moment, because these are times where people get
3160
3161 791
3162 00:53:14,939 ~-~-> 00:53:17,549
3163 irritated with me and turn me off. Oh, this guy's arrogant.
3164
3165 792
3166 00:53:17,909 ~-~-> 00:53:19,679
3167 Yeah, whatever he's lying to say with a lot of cannot
3168
3169 793
3170 00:53:19,679 ~-~-> 00:53:25,859
3171 listen, this goober. Listen, folks. every single week, I
3172
3173 794
3174 00:53:25,859 ~-~-> 00:53:28,739
3175 prove these things. And I don't just talk about something.
3176
3177 795
3178 00:53:28,769 ~-~-> 00:53:34,169
3179 I'm giving you an example. Period. I execute on the basis of
3180
3181 796
3182 00:53:34,169 ~-~-> 00:53:39,299
3183 what I teach in this YouTube video. And all the series and
3184
3185 797
3186 00:53:39,299 ~-~-> 00:53:43,889
3187 via collection that's on this YouTube channel. But if you
3188
3189 798
3190 00:53:43,889 ~-~-> 00:53:49,799
3191 don't put the work in, that means practicing. I don't care
3192
3193 799
3194 00:53:50,039 ~-~-> 00:53:54,239
3195 how good you think you should be. You're not going to have a
3196
3197 800
3198 00:53:54,269 ~-~-> 00:53:59,909
3199 shred of prowess, or ability or skill. Until you at least
3200
3201 801
3202 00:54:00,269 ~-~-> 00:54:05,759
3203 suspend your suspicions. Okay, forget all the nonsense you
3204
3205 802
3206 00:54:05,759 ~-~-> 00:54:08,669
3207 heard about me. Okay, because if you look hard enough on the
3208
3209 803
3210 00:54:08,669 ~-~-> 00:54:11,369
3211 internet, you're gonna find I probably microwave puppies.
3212
3213 804
3214 00:54:11,669 ~-~-> 00:54:17,309
3215 Okay, I probably you steal hubcaps. There's all kinds of
3216
3217 805
3218 00:54:17,309 ~-~-> 00:54:20,999
3219 things out there. That being said about me because it's just
3220
3221 806
3222 00:54:21,119 ~-~-> 00:54:25,049
3223 what people are doing. If anybody is out here, doing
3224
3225 807
3226 00:54:25,049 ~-~-> 00:54:29,009
3227 something good. And listen, you don't ever have to buy my
3228
3229 808
3230 00:54:29,009 ~-~-> 00:54:31,559
3231 mentorship. You don't ever have to pay me a penny. You don't
3232
3233 809
3234 00:54:31,559 ~-~-> 00:54:35,459
3235 have to do anything. But just watch these videos. That costs
3236
3237 810
3238 00:54:35,459 ~-~-> 00:54:42,119
3239 you nothing but your time. But if you don't practice the
3240
3241 811
3242 00:54:42,119 ~-~-> 00:54:46,979
3243 things I share for free here, you're not going to see that
3244
3245 812
3246 00:54:46,979 ~-~-> 00:54:50,819
3247 I'm not lying to you at all. I've been telling you the truth
3248
3249 813
3250 00:54:50,819 ~-~-> 00:54:54,839
3251 since 2010. It's the same stuff I talked about when I was on
3252
3253 814
3254 00:54:54,839 ~-~-> 00:55:05,789
3255 America Online in 1994. Same stuff, same things. And it's
3256
3257 815
3258 00:55:05,789 ~-~-> 00:55:09,599
3259 been working since then hasn't changed, they're not going to
3260
3261 816
3262 00:55:09,599 ~-~-> 00:55:12,869
3263 change the algorithm. Because if I believe that that was
3264
3265 817
3266 00:55:12,899 ~-~-> 00:55:16,049
3267 even going to happen, or have an impact, I never would have
3268
3269 818
3270 00:55:16,049 ~-~-> 00:55:18,749
3271 taught. Seriously, I never would have done it.
3272
3273 819
3274 00:55:20,130 ~-~-> 00:55:27,180
3275 These things are set in stone, because of the volume between
3276
3277 820
3278 00:55:27,180 ~-~-> 00:55:32,010
3279 the counterparties that are making price will it is. It's
3280
3281 821
3282 00:55:32,010 ~-~-> 00:55:36,090
3283 simple as that. It's smart money, and large, fun trading.
3284
3285 822
3286 00:55:36,690 ~-~-> 00:55:40,470
3287 That's it. That's all there is, folks. There's transactional
3288
3289 823
3290 00:55:40,710 ~-~-> 00:55:44,850
3291 flows that come in, okay, big deal. Commerce comes in, okay,
3292
3293 824
3294 00:55:44,850 ~-~-> 00:55:49,200
3295 big deal, that's getting pushed in, in the mix, that's not
3296
3297 825
3298 00:55:49,200 ~-~-> 00:55:53,100
3299 facilitating the delivery of price higher or lower, or where
3300
3301 826
3302 00:55:53,100 ~-~-> 00:55:56,100
3303 it's going in the grand scheme of things. It's just being
3304
3305 827
3306 00:55:56,100 ~-~-> 00:56:01,050
3307 pushed through in retail is this lumped in there, but it's
3308
3309 828
3310 00:56:01,050 ~-~-> 00:56:04,860
3311 on such a small, itty bitty tiny little scale, it's
3312
3313 829
3314 00:56:04,860 ~-~-> 00:56:10,830
3315 insignificant. So all the retail traders out there, all you
3316
3317 830
3318 00:56:10,830 ~-~-> 00:56:16,290
3319 Instagram traders out there that are pushing this narrative
3320
3321 831
3322 00:56:16,320 ~-~-> 00:56:19,230
3323 ICT is going to cause the Forex market to stop working,
3324
3325 832
3326 00:56:19,410 ~-~-> 00:56:24,390
3327 because he's sharing the algorithm. That's not going to
3328
3329 833
3330 00:56:24,390 ~-~-> 00:56:27,600
3331 happen. And it's not because there's a lack of an algorithm.
3332
3333 834
3334 00:56:28,950 ~-~-> 00:56:34,890
3335 It just means that we aren't even big enough to be a blip on
3336
3337 835
3338 00:56:34,890 ~-~-> 00:56:42,240
3339 the screen. Think about it. It's insane to even think that
3340
3341 836
3342 00:56:43,560 ~-~-> 00:56:45,750
3343 the systems and structures that are in place that make these
3344
3345 837
3346 00:56:45,750 ~-~-> 00:56:50,130
3347 markets priced in how they price in we collectively are
3348
3349 838
3350 00:56:50,130 ~-~-> 00:56:54,990
3351 never going to be a juggernaut. To change that. Think about
3352
3353 839
3354 00:56:54,990 ~-~-> 00:56:56,880
3355 how many people come to this YouTube channel and think about
3356
3357 840
3358 00:56:56,880 ~-~-> 00:57:01,860
3359 how many people already turn this video off. Believe me,
3360
3361 841
3362 00:57:02,190 ~-~-> 00:57:06,180
3363 it's this defamation. It's been on my YouTube channel for
3364
3365 842
3366 00:57:06,180 ~-~-> 00:57:13,260
3367 years. For years, man years. market maker series I put out
3368
3369 843
3370 00:57:13,260 ~-~-> 00:57:18,570
3371 in 2014. Okay, no, it's not only YouTube channel, and no,
3372
3373 844
3374 00:57:18,570 ~-~-> 00:57:25,980
3375 you don't need it. The idea of pushing this narrative that
3376
3377 845
3378 00:57:27,330 ~-~-> 00:57:31,020
3379 I'm not teaching you something that's real. Okay. I have
3380
3381 846
3382 00:57:31,020 ~-~-> 00:57:36,240
3383 seen real pushback. Okay, there are people and it's not
3384
3385 847
3386 00:57:36,240 ~-~-> 00:57:38,520
3387 these goobers that are on Instagram that are trying to hide
3388
3389 848
3390 00:57:38,520 ~-~-> 00:57:40,770
3391 that they learn from me and they're renaming my stuff.
3392
3393 849
3394 00:57:41,070 ~-~-> 00:57:43,890
3395 Because if they can discredit me, or say I learned it
3396
3397 850
3398 00:57:43,890 ~-~-> 00:57:46,860
3399 through wycoff, which I write this debunk and destroy that.
3400
3401 851
3402 00:57:47,340 ~-~-> 00:57:49,560
3403 Or I've learned it from this one or that one. I didn't learn
3404
3405 852
3406 00:57:49,560 ~-~-> 00:57:51,510
3407 this from Chris Laurie Crisler. He doesn't know this stuff.
3408
3409 853
3410 00:57:51,900 ~-~-> 00:57:54,720
3411 Okay. He doesn't know it. And it's not disrespect to him.
3412
3413 854
3414 00:57:54,720 ~-~-> 00:58:00,810
3415 It's just he doesn't know it. You don't get this information
3416
3417 855
3418 00:58:00,870 ~-~-> 00:58:02,670
3419 anywhere else you don't get from Steve Morrow either.
3420
3421 856
3422 00:58:03,030 ~-~-> 00:58:07,650
3423 Because Steve Morrow uses my 1996. Think about this now.
3424
3425 857
3426 00:58:07,770 ~-~-> 00:58:12,900
3427 1996. I was doing lectures on the whole delivery of London
3428
3429 858
3430 00:58:12,900 ~-~-> 00:58:16,980
3431 open. All of that making the high the day. Okay, I didn't
3432
3433 859
3434 00:58:16,980 ~-~-> 00:58:23,460
3435 call it M's and W's a call it 123 tops and 123 bottoms. Why?
3436
3437 860
3438 00:58:23,490 ~-~-> 00:58:27,510
3439 Why did I call it that? Because I was a new trader. And I'm
3440
3441 861
3442 00:58:27,510 ~-~-> 00:58:29,940
3443 using terms that everybody back then was aware of, because
3444
3445 862
3446 00:58:29,940 ~-~-> 00:58:33,810
3447 of Ken Roberts pushing 123 tops and bottoms. It made sense.
3448
3449 863
3450 00:58:33,810 ~-~-> 00:58:36,780
3451 Everyone knew what I was talking about. So I had to create a
3452
3453 864
3454 00:58:36,780 ~-~-> 00:58:40,230
3455 language. But as I got deeper in understanding how these
3456
3457 865
3458 00:58:40,260 ~-~-> 00:58:43,500
3459 markets deliver, I had to create a language there for my
3460
3461 866
3462 00:58:43,530 ~-~-> 00:58:48,240
3463 students, which were intended to be only my, my son's. I
3464
3465 867
3466 00:58:48,240 ~-~-> 00:58:52,560
3467 wanted them to understand what it was that was occurring. So
3468
3469 868
3470 00:58:53,100 ~-~-> 00:58:57,720
3471 that's why these names were formed. It wasn't me renaming
3472
3473 869
3474 00:58:57,720 ~-~-> 00:58:59,580
3475 something that existed somewhere else because they don't
3476
3477 870
3478 00:58:59,580 ~-~-> 00:59:02,790
3479 exist anywhere else. Now you're seeing all kinds of
3480
3481 871
3482 00:59:02,790 ~-~-> 00:59:06,900
3483 wonderful revamping things. And I mean, that was my tongue
3484
3485 872
3486 00:59:06,900 ~-~-> 00:59:14,280
3487 in cheek that arise renaming. But Steve Morrow was not my
3488
3489 873
3490 00:59:14,280 ~-~-> 00:59:20,970
3491 teacher. Sorry, and all you folks around the world that have
3492
3493 874
3494 00:59:20,970 ~-~-> 00:59:24,720
3495 the beat the market maker system, stuff, all those
3496
3497 875
3498 00:59:24,720 ~-~-> 00:59:30,780
3499 indicators, TDI, mayonnaise, water. All that stuff was
3500
3501 876
3502 00:59:30,780 ~-~-> 00:59:34,200
3503 lipstick attitude, just a simple generic idea of how the
3504
3505 877
3506 00:59:34,200 ~-~-> 00:59:39,420
3507 daily profile is painted for a daily range. That's it. And
3508
3509 878
3510 00:59:39,420 ~-~-> 00:59:45,690
3511 it's funny to look at that stuff, and hear, hear how I talk
3512
3513 879
3514 00:59:45,870 ~-~-> 00:59:53,430
3515 and talk in 1996 finding its way in all that stuff. And you
3516
3517 880
3518 00:59:53,430 ~-~-> 00:59:58,710
3519 still don't see any executions from Morrow. You don't see
3520
3521 881
3522 00:59:58,740 ~-~-> 00:59:59,970
3523 any executions.
3524
3525 882
3526 01:00:00,719 ~-~-> 01:00:01,259
3527 Ever,
3528
3529 883
3530 01:00:02,550 ~-~-> 01:00:08,280
3531 you just see screenshots with the entry, as it's moving in
3532
3533 884
3534 01:00:08,280 ~-~-> 01:00:12,900
3535 the direction of the trade. My entries are always opposed to
3536
3537 885
3538 01:00:12,900 ~-~-> 01:00:17,220
3539 where I think the markets gonna go. That's smart money. I'm
3540
3541 886
3542 01:00:17,220 ~-~-> 01:00:20,760
3543 not chasing price. And that's how I recognize it initially,
3544
3545 887
3546 01:00:20,940 ~-~-> 01:00:25,770
3547 because I was only buying strength and selling weakness at
3548
3549 888
3550 01:00:25,770 ~-~-> 01:00:29,310
3551 the time. That's what I was teaching in 1996. I did not
3552
3553 889
3554 01:00:29,310 ~-~-> 01:00:35,310
3555 teach the Judas swings. That was what I was holding back
3556
3557 890
3558 01:00:35,430 ~-~-> 01:00:39,750
3559 with my groups, then I wanted those entries for myself. And
3560
3561 891
3562 01:00:39,750 ~-~-> 01:00:43,170
3563 this, you can say I was holding back then. And that was
3564
3565 892
3566 01:00:43,170 ~-~-> 01:00:49,560
3567 true. I'm admitting to it now. So all this stuff you see out
3568
3569 893
3570 01:00:49,560 ~-~-> 01:00:52,410
3571 here, market maker, this a market maker that all that stuff
3572
3573 894
3574 01:00:52,410 ~-~-> 01:00:58,320
3575 that came after me. And all you guys don't like it can choke
3576
3577 895
3578 01:00:58,320 ~-~-> 01:01:01,080
3579 on it. Because that's the truth, you can't find I put a
3580
3581 896
3582 01:01:01,080 ~-~-> 01:01:06,240
3583 bounty out, it's out there still $100,000 You can find any
3584
3585 897
3586 01:01:06,240 ~-~-> 01:01:11,880
3587 of my content, any of it in print, in video, anything prior
3588
3589 898
3590 01:01:11,880 ~-~-> 01:01:19,680
3591 to 1996. Because folks, it just simply doesn't exist. So you
3592
3593 899
3594 01:01:19,680 ~-~-> 01:01:22,800
3595 can listen to me say all this stuff and get mad and disgust
3596
3597 900
3598 01:01:22,800 ~-~-> 01:01:26,190
3599 Oh, he's arrogant. Or you can say You know what? Maybe he's
3600
3601 901
3602 01:01:26,190 ~-~-> 01:01:29,430
3603 telling the truth. I'm gonna go in and look at what he's
3604
3605 902
3606 01:01:29,430 ~-~-> 01:01:31,440
3607 teaching on this YouTube channel. And I'm gonna put it to
3608
3609 903
3610 01:01:31,440 ~-~-> 01:01:33,900
3611 the test. Let me tell you something to people that really do
3612
3613 904
3614 01:01:33,900 ~-~-> 01:01:38,520
3615 that, and really have an intent to learn how to do it.
3616
3617 905
3618 01:01:40,350 ~-~-> 01:01:43,860
3619 They're converted, and you're never going to convince them
3620
3621 906
3622 01:01:44,130 ~-~-> 01:01:49,140
3623 that what they have been shown with their own studies, using
3624
3625 907
3626 01:01:49,140 ~-~-> 01:01:52,080
3627 this information, you'll never convince them that they've
3628
3629 908
3630 01:01:52,080 ~-~-> 01:01:54,840
3631 wasted our time or even entice them to do anything else.
3632
3633 909
3634 01:01:55,470 ~-~-> 01:01:58,440
3635 See, that's the difference between my group and that's why
3636
3637 910
3638 01:01:58,440 ~-~-> 01:02:01,140
3639 everyone else on the outside that are weak minded, losing
3640
3641 911
3642 01:02:01,140 ~-~-> 01:02:04,770
3643 traders, okay. They always say that I'm a cult leader. And
3644
3645 912
3646 01:02:04,770 ~-~-> 01:02:08,190
3647 this is a cult. Well guess what, if winning is a cult, I
3648
3649 913
3650 01:02:08,190 ~-~-> 01:02:10,200
3651 want to be a part of that. And if you want to make me the
3652
3653 914
3654 01:02:10,200 ~-~-> 01:02:13,680
3655 leader of that group, I'll take that title. I love it. I
3656
3657 915
3658 01:02:13,680 ~-~-> 01:02:19,260
3659 love winning. So if you want to be a part of a community
3660
3661 916
3662 01:02:20,880 ~-~-> 01:02:24,270
3663 that really appreciates one another, we have a high regard
3664
3665 917
3666 01:02:24,270 ~-~-> 01:02:27,420
3667 for one another. And we have a high regard for the concepts
3668
3669 918
3670 01:02:27,420 ~-~-> 01:02:31,920
3671 that I teach. You found your home here, all you have to do
3672
3673 919
3674 01:02:31,920 ~-~-> 01:02:35,130
3675 is warm up to a new video every week, I might be late like I
3676
3677 920
3678 01:02:35,130 ~-~-> 01:02:39,000
3679 was yesterday, I may only put out one that particular week.
3680
3681 921
3682 01:02:39,300 ~-~-> 01:02:44,130
3683 Okay, cuz I'm not obligated, I'm not obligated to this, this
3684
3685 922
3686 01:02:44,130 ~-~-> 01:02:47,130
3687 group of, of traders that are watching these videos, I'm
3688
3689 923
3690 01:02:47,160 ~-~-> 01:02:51,300
3691 obligated to mentorship, I don't miss those windows. But
3692
3693 924
3694 01:02:51,300 ~-~-> 01:02:54,180
3695 here, I'm only going to be able to put it out there when I
3696
3697 925
3698 01:02:54,180 ~-~-> 01:02:57,840
3699 have free time. And I'm not always going to have a whole lot
3700
3701 926
3702 01:02:57,840 ~-~-> 01:02:59,640
3703 of time. And then once we go into the new year, I'm gonna
3704
3705 927
3706 01:02:59,640 ~-~-> 01:03:03,750
3707 have less free time. So I'm not gonna be as often, I may not
3708
3709 928
3710 01:03:03,750 ~-~-> 01:03:08,790
3711 do two videos that week, I may not do for an entire month
3712
3713 929
3714 01:03:08,820 ~-~-> 01:03:12,660
3715 more than one or two videos. I may not be able to do any
3716
3717 930
3718 01:03:12,750 ~-~-> 01:03:15,840
3719 that might happen. It doesn't mean I'm abandoned my YouTube
3720
3721 931
3722 01:03:15,840 ~-~-> 01:03:19,710
3723 channel, I love doing this. But I missed may not be able to
3724
3725 932
3726 01:03:19,710 ~-~-> 01:03:25,170
3727 do it as frequently or as exactly as the time I was aiming
3728
3729 933
3730 01:03:25,170 ~-~-> 01:03:31,980
3731 for. Okay, so I say all this stuff to kind of keep you
3732
3733 934
3734 01:03:31,980 ~-~-> 01:03:37,200
3735 motivated. Because Listen, folks, I know, times are really
3736
3737 935
3738 01:03:37,200 ~-~-> 01:03:41,820
3739 hard right now. They're hard. You maybe have lost your job.
3740
3741 936
3742 01:03:42,360 ~-~-> 01:03:47,220
3743 Maybe you have blown all of your savings. And you think that
3744
3745 937
3746 01:03:47,220 ~-~-> 01:03:50,700
3747 this is going to be the answer to your problem. And I'm
3748
3749 938
3750 01:03:50,700 ~-~-> 01:03:53,820
3751 going to tell you something. And I want you to really hear
3752
3753 939
3754 01:03:53,820 ~-~-> 01:04:00,270
3755 me here. If that's what you think. I'm going to tell you the
3756
3757 940
3758 01:04:00,300 ~-~-> 01:04:04,710
3759 honest to god truth right now. Even if you were in your
3760
3761 941
3762 01:04:06,030 ~-~-> 01:04:11,010
3763 position to join my mentorship, okay, you're not going to
3764
3765 942
3766 01:04:11,010 ~-~-> 01:04:15,000
3767 make money simply because you join the mentorship right
3768
3769 943
3770 01:04:15,000 ~-~-> 01:04:18,150
3771 away. That's not how this works. Just the same as you're not
3772
3773 944
3774 01:04:18,150 ~-~-> 01:04:21,720
3775 going to make money watching my YouTube videos here right
3776
3777 945
3778 01:04:21,720 ~-~-> 01:04:25,830
3779 away because you finished watching them. This stuff takes a
3780
3781 946
3782 01:04:25,830 ~-~-> 01:04:31,980
3783 lot of work. And don't be tricked into thinking that you may
3784
3785 947
3786 01:04:31,980 ~-~-> 01:04:34,920
3787 have a high regard for me right away watching some of these
3788
3789 948
3790 01:04:34,920 ~-~-> 01:04:38,130
3791 videos. If you've continued with listening to this one, you
3792
3793 949
3794 01:04:38,130 ~-~-> 01:04:41,490
3795 probably have a little bit more respect than some of the
3796
3797 950
3798 01:04:41,490 ~-~-> 01:04:45,060
3799 folks that have that have crossed paths with me in the past.
3800
3801 951
3802 01:04:46,380 ~-~-> 01:04:49,680
3803 They think I'm talking too much and I like the sound of my
3804
3805 952
3806 01:04:49,680 ~-~-> 01:04:53,490
3807 own voice and all this stuff can be reduced down to a five
3808
3809 953
3810 01:04:53,490 ~-~-> 01:04:56,580
3811 minute video and it can't because what I'm trying to show
3812
3813 954
3814 01:04:56,580 ~-~-> 01:05:02,040
3815 you is I'm real I am practical.
3816
3817 955
3818 01:05:03,330 ~-~-> 01:05:05,610
3819 I'm not out here telling you that you're going to get rich
3820
3821 956
3822 01:05:05,610 ~-~-> 01:05:08,430
3823 quick, I'm telling you that this stuff is going to require
3824
3825 957
3826 01:05:08,430 ~-~-> 01:05:13,620
3827 you to bust your ass. And it's not easy. It is absolutely
3828
3829 958
3830 01:05:13,620 ~-~-> 01:05:19,050
3831 not easy. And joining mentorship doesn't make it easier. In
3832
3833 959
3834 01:05:19,050 ~-~-> 01:05:22,920
3835 fact, you have more work, because I'm not going to sit down
3836
3837 960
3838 01:05:22,920 ~-~-> 01:05:25,530
3839 with you and say, we're going to buy here, we're going to
3840
3841 961
3842 01:05:25,530 ~-~-> 01:05:27,690
3843 put a stop here. And we're gonna take our targets there,
3844
3845 962
3846 01:05:27,720 ~-~-> 01:05:30,030
3847 because that's what some of you are expecting. And I'm
3848
3849 963
3850 01:05:30,030 ~-~-> 01:05:31,440
3851 telling you right now, if that's what you thought, when you
3852
3853 964
3854 01:05:31,440 ~-~-> 01:05:35,610
3855 sent your email, just send another email and say, I'm not
3856
3857 965
3858 01:05:35,610 ~-~-> 01:05:39,150
3859 interested. Because that's gonna be the equivalent because
3860
3861 966
3862 01:05:39,240 ~-~-> 01:05:44,250
3863 you don't want to be surprised when you find out that that's
3864
3865 967
3866 01:05:44,250 ~-~-> 01:05:47,850
3867 not how I do it. Just like this YouTube video series that
3868
3869 968
3870 01:05:47,850 ~-~-> 01:05:51,510
3871 you see me put up with the optimal trade entry, I'm showing
3872
3873 969
3874 01:05:51,510 ~-~-> 01:05:55,740
3875 you conceptually, mentorship is just me pointing to where
3876
3877 970
3878 01:05:55,890 ~-~-> 01:05:59,610
3879 it's likely to go. And if it doesn't do that, what's the
3880
3881 971
3882 01:05:59,610 ~-~-> 01:06:04,800
3883 catalyst that changes that to be an untrue statement, and
3884
3885 972
3886 01:06:04,830 ~-~-> 01:06:09,330
3887 anticipate something opposite happening? Now I don't, all
3888
3889 973
3890 01:06:09,330 ~-~-> 01:06:11,460
3891 the time do that, because I like to be on one side of the
3892
3893 974
3894 01:06:11,460 ~-~-> 01:06:14,670
3895 marketplace and commit to just that, I'm either right or I'm
3896
3897 975
3898 01:06:14,670 ~-~-> 01:06:18,210
3899 wrong. It's just, I like to be black and white with it. I
3900
3901 976
3902 01:06:18,210 ~-~-> 01:06:20,160
3903 don't want it to be ambiguous. I don't want anybody to
3904
3905 977
3906 01:06:20,160 ~-~-> 01:06:24,510
3907 misinterpret what I'm doing, or and what I'm thinking. My
3908
3909 978
3910 01:06:24,510 ~-~-> 01:06:27,000
3911 students know when I'm right. My students know when I'm
3912
3913 979
3914 01:06:27,000 ~-~-> 01:06:31,650
3915 wrong. And I'm right more times that I'm wrong. That is not
3916
3917 980
3918 01:06:31,860 ~-~-> 01:06:35,160
3919 me telling you hand holding by here, guys. We're going to
3920
3921 981
3922 01:06:35,160 ~-~-> 01:06:40,110
3923 sell short here, guys. But your stop here, we outline openly
3924
3925 982
3926 01:06:40,170 ~-~-> 01:06:44,580
3927 what the market may look to do. And you learn how to use all
3928
3929 983
3930 01:06:44,580 ~-~-> 01:06:48,870
3931 those concepts and things that you been exposed to. And some
3932
3933 984
3934 01:06:48,870 ~-~-> 01:06:51,930
3935 of them are from this YouTube channel. Not all of them, but
3936
3937 985
3938 01:06:51,930 ~-~-> 01:06:55,350
3939 some of them. But I cover all that stuff. And I said, Okay,
3940
3941 986
3942 01:06:55,530 ~-~-> 01:06:58,500
3943 we're bullish till we get to here, or we're bearish until we
3944
3945 987
3946 01:06:58,500 ~-~-> 01:07:02,520
3947 get to here. Or it may move to this area that may set up a
3948
3949 988
3950 01:07:02,520 ~-~-> 01:07:08,010
3951 setup that leads to a delivery to another target. And that's
3952
3953 989
3954 01:07:08,010 ~-~-> 01:07:13,500
3955 not signal services. That's not what a lot of people wanted.
3956
3957 990
3958 01:07:13,890 ~-~-> 01:07:18,540
3959 When they first came in in August 2016. Everybody thought
3960
3961 991
3962 01:07:18,540 ~-~-> 01:07:20,490
3963 that I'm going to be putting out trades like that, and I
3964
3965 992
3966 01:07:20,490 ~-~-> 01:07:24,300
3967 started right away, I'm not doing that I'm teaching you how
3968
3969 993
3970 01:07:24,300 ~-~-> 01:07:28,200
3971 to number one, get yourself out of the way. Because every
3972
3973 994
3974 01:07:28,230 ~-~-> 01:07:31,380
3975 single one of you, regardless of where you are at in your
3976
3977 995
3978 01:07:31,380 ~-~-> 01:07:35,220
3979 development, you are holding yourself back you are I was
3980
3981 996
3982 01:07:35,220 ~-~-> 01:07:37,710
3983 holding myself back in the beginning, and you're doing it
3984
3985 997
3986 01:07:37,710 ~-~-> 01:07:40,560
3987 too, you just don't realize what you're doing is impeding
3988
3989 998
3990 01:07:40,560 ~-~-> 01:07:43,500
3991 your development. Some of you are trying to force yourself
3992
3993 999
3994 01:07:43,530 ~-~-> 01:07:46,950
3995 into day trading, when you're not really fit to do that
3996
3997 1000
3998 01:07:47,010 ~-~-> 01:07:49,590
3999 model, you're probably better short term trading or swing
4000
4001 1001
4002 01:07:49,590 ~-~-> 01:07:52,890
4003 trading. But you're not going to know that and I surely
4004
4005 1002
4006 01:07:52,890 ~-~-> 01:07:55,800
4007 ain't gonna know it. No mentor is going to know that. Okay,
4008
4009 1003
4010 01:07:55,800 ~-~-> 01:07:58,680
4011 it's something that's personal, it's internal, you're going
4012
4013 1004
4014 01:07:58,680 ~-~-> 01:08:01,530
4015 to know what you feel comfortable doing and day trading.
4016
4017 1005
4018 01:08:01,890 ~-~-> 01:08:04,770
4019 While it gives you lots of examples and practicing theory
4020
4021 1006
4022 01:08:05,010 ~-~-> 01:08:09,780
4023 and price delivery, it may not be your duration of choice,
4024
4025 1007
4026 01:08:09,840 ~-~-> 01:08:12,780
4027 and you don't know what that choice is going to be your
4028
4029 1008
4030 01:08:12,900 ~-~-> 01:08:17,400
4031 personality determines that. And no mentor or educator can
4032
4033 1009
4034 01:08:17,400 ~-~-> 01:08:22,530
4035 force you into that. No one can. Because I tried that with
4036
4037 1010
4038 01:08:22,560 ~-~-> 01:08:27,660
4039 every educator in the book over my first five years or so.
4040
4041 1011
4042 01:08:28,230 ~-~-> 01:08:32,670
4043 And honestly, it was always detrimental. I tried to be Larry
4044
4045 1012
4046 01:08:32,670 ~-~-> 01:08:37,620
4047 Williams 2.0 it didn't work for me. I did everything his
4048
4049 1013
4050 01:08:37,620 ~-~-> 01:08:42,120
4051 books, and his courses said I did everything. And it did not
4052
4053 1014
4054 01:08:42,120 ~-~-> 01:08:46,710
4055 work for me. It didn't work. I'm not saying that his
4056
4057 1015
4058 01:08:46,710 ~-~-> 01:08:51,390
4059 concepts don't work. I'm saying that. I could not make that
4060
4061 1016
4062 01:08:51,390 ~-~-> 01:08:55,230
4063 work for me. So am I surprised when people come to my
4064
4065 1017
4066 01:08:55,230 ~-~-> 01:08:58,710
4067 YouTube channel, and they watch one video, or they watch one
4068
4069 1018
4070 01:08:58,710 ~-~-> 01:09:02,160
4071 series one time, they don't apply it. They think that's not
4072
4073 1019
4074 01:09:02,160 ~-~-> 01:09:04,860
4075 gonna work for me, or this is complicated. Or this is
4076
4077 1020
4078 01:09:04,860 ~-~-> 01:09:09,150
4079 boring. Like this video probably seems to some of you. But
4080
4081 1021
4082 01:09:09,150 ~-~-> 01:09:13,200
4083 if you're new and it feels boring to you, that's just your
4084
4085 1022
4086 01:09:13,200 ~-~-> 01:09:15,360
4087 infancy. And it's not me being arrogant, saying you're
4088
4089 1023
4090 01:09:15,360 ~-~-> 01:09:19,320
4091 stupid. It's just me saying you have not been involved in
4092
4093 1024
4094 01:09:19,320 ~-~-> 01:09:21,600
4095 this long enough to know what it is that you need to be
4096
4097 1025
4098 01:09:21,600 ~-~-> 01:09:25,380
4099 learning or how your mindset should be. Because that's going
4100
4101 1026
4102 01:09:25,380 ~-~-> 01:09:28,770
4103 to be a deterrent to you getting to where you think you
4104
4105 1027
4106 01:09:28,770 ~-~-> 01:09:36,480
4107 should be in terms of quote unquote, success. I think what
4108
4109 1028
4110 01:09:36,480 ~-~-> 01:09:40,470
4111 you came to this YouTube channel with a preconceived notion
4112
4113 1029
4114 01:09:40,470 ~-~-> 01:09:44,100
4115 that I already know what I should know, in terms of buying
4116
4117 1030
4118 01:09:44,100 ~-~-> 01:09:49,740
4119 and selling. I just need you to show me where what that's
4120
4121 1031
4122 01:09:50,070 ~-~-> 01:09:54,480
4123 basically encapsulating exactly what everybody has in terms
4124
4125 1032
4126 01:09:54,480 ~-~-> 01:09:57,030
4127 of expectations, not just with me, but every other mentor
4128
4129 1033
4130 01:09:57,030 ~-~-> 01:10:03,630
4131 out there. educator, teacher, Guru If we were all in a big
4132
4133 1034
4134 01:10:03,630 ~-~-> 01:10:05,910
4135 group setting, gurus anonymous,
4136
4137 1035
4138 01:10:07,740 ~-~-> 01:10:11,940
4139 you know, and, you know, what do we have to contend with
4140
4141 1036
4142 01:10:12,000 ~-~-> 01:10:17,160
4143 more than anything, it's unreasonable expectations by
4144
4145 1037
4146 01:10:17,160 ~-~-> 01:10:23,910
4147 patrons, customers, students, viewers, you think you should
4148
4149 1038
4150 01:10:23,910 ~-~-> 01:10:27,750
4151 know this or that. And since you know that, that's what you
4152
4153 1039
4154 01:10:27,750 ~-~-> 01:10:31,920
4155 think you only need to make it all work. When the teacher
4156
4157 1040
4158 01:10:32,670 ~-~-> 01:10:39,000
4159 doesn't place it right in your hand. Then that method, or
4160
4161 1041
4162 01:10:39,000 ~-~-> 01:10:42,450
4163 that teacher is incapable of teaching what it is that you
4164
4165 1042
4166 01:10:42,450 ~-~-> 01:10:45,180
4167 need to know, when I've been here longer than most of these
4168
4169 1043
4170 01:10:45,180 ~-~-> 01:10:50,970
4171 guys have been alive. And I know because I've done this, I
4172
4173 1044
4174 01:10:50,970 ~-~-> 01:10:55,080
4175 can do it. And I can transfer the information. But I've also
4176
4177 1045
4178 01:10:55,080 ~-~-> 01:10:57,090
4179 been upfront in the beginning saying, You're not going to
4180
4181 1046
4182 01:10:57,090 ~-~-> 01:11:01,230
4183 learn this real quick. You're not going to do the things I'm
4184
4185 1047
4186 01:11:01,230 ~-~-> 01:11:04,800
4187 doing like that. And you hear these guys? Oh, yeah, I
4188
4189 1048
4190 01:11:04,800 ~-~-> 01:11:08,940
4191 watched videos, and I learned ICT stuff in three months. No,
4192
4193 1049
4194 01:11:09,150 ~-~-> 01:11:12,180
4195 you didn't. You learn something that made sense to you that
4196
4197 1050
4198 01:11:12,180 ~-~-> 01:11:16,080
4199 you gravitated to. But you're not consistently delivering
4200
4201 1051
4202 01:11:16,530 ~-~-> 01:11:20,220
4203 with whatever it is you think you've grasped. You're still
4204
4205 1052
4206 01:11:20,220 ~-~-> 01:11:21,930
4207 wrestling with things. And that's the part you're hiding
4208
4209 1053
4210 01:11:21,930 ~-~-> 01:11:24,690
4211 from yourself. And you won't share with people in the public
4212
4213 1054
4214 01:11:24,690 ~-~-> 01:11:28,920
4215 forums. I know I did the same stuff. I pretend to be better
4216
4217 1055
4218 01:11:28,920 ~-~-> 01:11:32,370
4219 than I was when I was in America Online. That was me coping
4220
4221 1056
4222 01:11:32,520 ~-~-> 01:11:40,050
4223 with me failing miserably. That was back in 1994. Yeah, I
4224
4225 1057
4226 01:11:40,050 ~-~-> 01:11:42,900
4227 was teaching before I should have been teaching. Okay, I was
4228
4229 1058
4230 01:11:42,900 ~-~-> 01:11:46,530
4231 only teaching when I had the right side. Okay, when the
4232
4233 1059
4234 01:11:46,530 ~-~-> 01:11:49,170
4235 market was going up in my favor, because that's all I was
4236
4237 1060
4238 01:11:49,170 ~-~-> 01:11:52,830
4239 doing back then was buying. Yeah, I was teaching then. And
4240
4241 1061
4242 01:11:52,830 ~-~-> 01:11:54,840
4243 people were like, Oh, this is great. And that made me feel
4244
4245 1062
4246 01:11:54,840 ~-~-> 01:11:59,370
4247 good. I got a hit of dopamine. And I got addicted to that.
4248
4249 1063
4250 01:12:00,360 ~-~-> 01:12:04,950
4251 Therefore, I had to do that every single day. And that was
4252
4253 1064
4254 01:12:04,950 ~-~-> 01:12:10,140
4255 hard to do. It was real hard to do. Over time, I learned how
4256
4257 1065
4258 01:12:10,140 ~-~-> 01:12:12,780
4259 to actually trade I learned how the markets actually book
4260
4261 1066
4262 01:12:13,110 ~-~-> 01:12:17,220
4263 and how they deliver price. And you learn a lot of that
4264
4265 1067
4266 01:12:17,220 ~-~-> 01:12:20,760
4267 stuff here. Everything that's in this chart here is
4268
4269 1068
4270 01:12:20,760 ~-~-> 01:12:25,080
4271 explained to you somewhere on this YouTube channel. In some
4272
4273 1069
4274 01:12:25,410 ~-~-> 01:12:30,450
4275 video, or some course series, some area have talked about
4276
4277 1070
4278 01:12:30,450 ~-~-> 01:12:34,800
4279 it. And for those hardcore students here that have a very
4280
4281 1071
4282 01:12:34,800 ~-~-> 01:12:40,500
4283 good note taking regimen, you know, where those places
4284
4285 1072
4286 01:12:40,500 ~-~-> 01:12:43,110
4287 aren't, some of my students have exactly the minute marker
4288
4289 1073
4290 01:12:43,230 ~-~-> 01:12:45,510
4291 in what video, which is astonishing, because I don't even
4292
4293 1074
4294 01:12:45,510 ~-~-> 01:12:51,000
4295 have that there are limitations to your development that
4296
4297 1075
4298 01:12:51,000 ~-~-> 01:12:55,710
4299 you're going to place on yourself. And you're also going to
4300
4301 1076
4302 01:12:56,010 ~-~-> 01:13:00,060
4303 put too many things in terms of expectations that are
4304
4305 1077
4306 01:13:00,060 ~-~-> 01:13:02,940
4307 unrealistic, you're going to place that on yourself also.
4308
4309 1078
4310 01:13:04,110 ~-~-> 01:13:06,870
4311 And you got to find a happy medium. So how do you find the
4312
4313 1079
4314 01:13:06,870 ~-~-> 01:13:11,040
4315 happy medium, you have 10 opportunities per week that are
4316
4317 1080
4318 01:13:11,040 ~-~-> 01:13:15,750
4319 optimal. You have five London sessions, and five New York
4320
4321 1081
4322 01:13:15,750 ~-~-> 01:13:19,740
4323 sessions between two o'clock in the morning, Eastern Time to
4324
4325 1082
4326 01:13:19,740 ~-~-> 01:13:22,230
4327 five o'clock in the morning, Eastern time. That's your
4328
4329 1083
4330 01:13:22,260 ~-~-> 01:13:25,860
4331 London session. Okay, very simple window of opportunity.
4332
4333 1084
4334 01:13:26,370 ~-~-> 01:13:30,570
4335 Your new york session is 830 to 11. They're not the specific
4336
4337 1085
4338 01:13:30,600 ~-~-> 01:13:34,710
4339 ICT line open kill zones. And that's not the specific ICT,
4340
4341 1086
4342 01:13:34,800 ~-~-> 01:13:38,370
4343 New York open kill zones. These are just a little bit
4344
4345 1087
4346 01:13:38,370 ~-~-> 01:13:42,000
4347 broader, they're more forgiving, in terms of finding the
4348
4349 1088
4350 01:13:42,000 ~-~-> 01:13:45,030
4351 setups, it gives you a little bit more room. But there are
4352
4353 1089
4354 01:13:45,330 ~-~-> 01:13:50,880
4355 specific elements of time that are much more narrow than
4356
4357 1090
4358 01:13:50,880 ~-~-> 01:13:54,900
4359 that. And even. So that I haven't talked yet even in
4360
4361 1091
4362 01:13:54,900 ~-~-> 01:14:00,840
4363 mentorship yet. And that's algorithmic theory, which is not
4364
4365 1092
4366 01:14:00,840 ~-~-> 01:14:04,560
4367 required to find profitability. But mentorship is for
4368
4369 1093
4370 01:14:04,560 ~-~-> 01:14:10,440
4371 freaks, people that want to just be unbelievable. Like, it
4372
4373 1094
4374 01:14:10,440 ~-~-> 01:14:13,350
4375 just it's too good to be true type results. That's what
4376
4377 1095
4378 01:14:13,350 ~-~-> 01:14:17,130
4379 mentorship is, what your analysis concepts is refined to
4380
4381 1096
4382 01:14:17,130 ~-~-> 01:14:21,600
4383 that level and that degree, it's unrivaled. And you guys
4384
4385 1097
4386 01:14:21,660 ~-~-> 01:14:23,730
4387 watch these videos here on YouTube, and you think it's
4388
4389 1098
4390 01:14:23,730 ~-~-> 01:14:26,220
4391 blowing your socks off. There's things that haven't been
4392
4393 1099
4394 01:14:26,220 ~-~-> 01:14:30,720
4395 taught yet, that are just phenomenal. They're just, it's
4396
4397 1100
4398 01:14:30,720 ~-~-> 01:14:38,370
4399 just too good, or too good. And until you see it, it's it's
4400
4401 1101
4402 01:14:38,370 ~-~-> 01:14:44,310
4403 things of only dreams and make belief. And that's why you
4404
4405 1102
4406 01:14:44,310 ~-~-> 01:14:46,890
4407 get a lot of hate when you're able to say that you can do
4408
4409 1103
4410 01:14:46,890 ~-~-> 01:14:49,050
4411 these things. And then when you start bringing the receipts
4412
4413 1104
4414 01:14:49,050 ~-~-> 01:14:52,650
4415 and showing that you can do it. They'll find 15 other things
4416
4417 1105
4418 01:14:52,740 ~-~-> 01:14:55,860
4419 that justify why they don't want to accept it.
4420
4421 1106
4422 01:14:57,300 ~-~-> 01:14:59,640
4423 So that's what you have here. Are you the person that
4424
4425 1107
4426 01:14:59,640 ~-~-> 01:15:03,510
4427 listens To me and says, You talk too much, Michael, I can't
4428
4429 1108
4430 01:15:03,510 ~-~-> 01:15:07,680
4431 take you anymore. I got to turn this video off. I'm telling
4432
4433 1109
4434 01:15:07,680 ~-~-> 01:15:10,770
4435 you, if you're listening up to this point right here, you're
4436
4437 1110
4438 01:15:10,770 ~-~-> 01:15:13,710
4439 never going to get it. Not for me, you're not, you're not
4440
4441 1111
4442 01:15:13,710 ~-~-> 01:15:16,020
4443 going to get what it is that you think you should have
4444
4445 1112
4446 01:15:16,020 ~-~-> 01:15:20,580
4447 gotten. Because the things that you're turning away from is
4448
4449 1113
4450 01:15:20,580 ~-~-> 01:15:26,640
4451 the very thing that you need to get over the hump. And
4452
4453 1114
4454 01:15:26,640 ~-~-> 01:15:29,310
4455 you're not prepared to hear that. Just like I wasn't
4456
4457 1115
4458 01:15:29,310 ~-~-> 01:15:32,280
4459 prepared to hear that. If someone would have told me this,
4460
4461 1116
4462 01:15:32,280 ~-~-> 01:15:35,460
4463 initially, even back when I was having success, initially
4464
4465 1117
4466 01:15:35,460 ~-~-> 01:15:39,480
4467 own luck back in the 90s, as a commodity trader, and I do
4468
4469 1118
4470 01:15:39,600 ~-~-> 01:15:43,620
4471 everything that the books were saying to buy, and everything
4472
4473 1119
4474 01:15:43,620 ~-~-> 01:15:45,930
4475 was oversold, and the markets were going to go up regardless
4476
4477 1120
4478 01:15:45,930 ~-~-> 01:15:50,160
4479 of what I did. I treated that as skill and it was not skill.
4480
4481 1121
4482 01:15:51,450 ~-~-> 01:15:56,280
4483 It was blind luck. If you would have told me that the things
4484
4485 1122
4486 01:15:56,280 ~-~-> 01:16:00,810
4487 I teach on this YouTube channel for free. And I say that
4488
4489 1123
4490 01:16:00,810 ~-~-> 01:16:03,330
4491 these are the big, heavy hitters in this series or this
4492
4493 1124
4494 01:16:03,330 ~-~-> 01:16:05,910
4495 video. This is the thing that matters most it's not the
4496
4497 1125
4498 01:16:05,910 ~-~-> 01:16:08,790
4499 willy nilly pattern. It's not the order block, or optimal
4500
4501 1126
4502 01:16:08,790 ~-~-> 01:16:12,660
4503 trade entry. Tell me which one do which one's a breaker.
4504
4505 1127
4506 01:16:13,890 ~-~-> 01:16:17,940
4507 That's the small stuff. You're sweating the small stuff. And
4508
4509 1128
4510 01:16:17,940 ~-~-> 01:16:22,500
4511 I was looking for the optimal indicator settings. back then.
4512
4513 1129
4514 01:16:23,070 ~-~-> 01:16:26,520
4515 That's what I thought was the secret. And the secret is,
4516
4517 1130
4518 01:16:26,550 ~-~-> 01:16:32,100
4519 where's the market drawing to? Why should it drop? Why
4520
4521 1131
4522 01:16:32,100 ~-~-> 01:16:36,420
4523 should it not? What's the setting I should have on my RSI
4524
4525 1132
4526 01:16:36,420 ~-~-> 01:16:42,300
4527 and stochastic? Is my MACD confirming the RSI and stochastic
4528
4529 1133
4530 01:16:42,330 ~-~-> 01:16:47,700
4531 or is it in disagreement. These were my filters. And I was
4532
4533 1134
4534 01:16:47,700 ~-~-> 01:16:51,900
4535 worried more about that, in the price is telling me what I
4536
4537 1135
4538 01:16:51,900 ~-~-> 01:16:56,250
4539 needed to do. And I wasn't watching any of that I'm looking
4540
4541 1136
4542 01:16:56,250 ~-~-> 01:17:00,630
4543 at there's three indicators at the bottom of screen. And I
4544
4545 1137
4546 01:17:00,630 ~-~-> 01:17:03,630
4547 don't have those indicators on my screen anymore. So I'm not
4548
4549 1138
4550 01:17:03,630 ~-~-> 01:17:07,200
4551 surprised when I'm wrong. I can see I'm wrong. I need to
4552
4553 1139
4554 01:17:07,200 ~-~-> 01:17:11,310
4555 make adjustments or get out or don't take a trade in my
4556
4557 1140
4558 01:17:11,340 ~-~-> 01:17:15,000
4559 preconceived ideas about being bullish or bearish. I have to
4560
4561 1141
4562 01:17:15,000 ~-~-> 01:17:19,020
4563 sit on my hands. Or as we are right now, I think we're in a
4564
4565 1142
4566 01:17:19,020 ~-~-> 01:17:22,710
4567 heightened area of risk. So therefore I must sit on my
4568
4569 1143
4570 01:17:22,710 ~-~-> 01:17:26,310
4571 hands, regardless of what I see in price. And I wrestled
4572
4573 1144
4574 01:17:26,310 ~-~-> 01:17:29,520
4575 with doing this video today because I told my mentorship on
4576
4577 1145
4578 01:17:29,520 ~-~-> 01:17:33,840
4579 Wednesday. This is the reason why I'm not going to do any
4580
4581 1146
4582 01:17:34,230 ~-~-> 01:17:37,740
4583 trades. I'm not going to do any executions until the week
4584
4585 1147
4586 01:17:37,740 ~-~-> 01:17:40,980
4587 after the election. Because I don't want you feeling like
4588
4589 1148
4590 01:17:41,280 ~-~-> 01:17:44,460
4591 you should be doing it too. Because my students sometimes
4592
4593 1149
4594 01:17:44,790 ~-~-> 01:17:48,120
4595 get overzealous and they go in a tray with live funds. And I
4596
4597 1150
4598 01:17:48,120 ~-~-> 01:17:51,150
4599 don't want my students to do that. Because if you're still
4600
4601 1151
4602 01:17:51,150 ~-~-> 01:17:54,660
4603 learning how to fly a jet plane, then you have no business
4604
4605 1152
4606 01:17:54,660 ~-~-> 01:17:58,710
4607 being in there flying solo, in a real jet plane. If you're
4608
4609 1153
4610 01:17:58,710 ~-~-> 01:18:02,010
4611 in medical school, learning how to be a surgeon, you have no
4612
4613 1154
4614 01:18:02,010 ~-~-> 01:18:05,400
4615 business playing with a scalpel on a cadaver. You have no
4616
4617 1155
4618 01:18:05,400 ~-~-> 01:18:10,680
4619 idea what you're doing. So everything has a time in place.
4620
4621 1156
4622 01:18:11,280 ~-~-> 01:18:15,930
4623 And all of you, God bless you for your enthusiasm because I
4624
4625 1157
4626 01:18:15,930 ~-~-> 01:18:20,640
4627 know what it's like I remember how it was for me. But the
4628
4629 1158
4630 01:18:20,640 ~-~-> 01:18:24,000
4631 best piece of advice you're ever going to get is to be
4632
4633 1159
4634 01:18:24,000 ~-~-> 01:18:28,440
4635 patient. You want trading and being able to find the setups
4636
4637 1160
4638 01:18:28,440 ~-~-> 01:18:33,300
4639 to be absolutely boring. You want it to be so boring that
4640
4641 1161
4642 01:18:33,300 ~-~-> 01:18:36,120
4643 you already know before you turn the chart on, you know
4644
4645 1162
4646 01:18:36,120 ~-~-> 01:18:39,420
4647 what's likely to paint in these bars and candlesticks before
4648
4649 1163
4650 01:18:39,420 ~-~-> 01:18:39,990
4651 it forms.
4652
4653 1164
4654 01:18:41,580 ~-~-> 01:18:46,350
4655 Then and only then would you have permission to go into live
4656
4657 1165
4658 01:18:46,350 ~-~-> 01:18:50,250
4659 trading. Because if it ain't boring for you to find setups
4660
4661 1166
4662 01:18:50,430 ~-~-> 01:18:53,340
4663 routinely a couple times a week, you're not ready for live
4664
4665 1167
4666 01:18:53,340 ~-~-> 01:18:57,210
4667 trading. You're not. And I don't care who tells you
4668
4669 1168
4670 01:18:57,210 ~-~-> 01:19:00,780
4671 otherwise, you're not. And that's the reason why all these
4672
4673 1169
4674 01:19:00,780 ~-~-> 01:19:03,630
4675 other guys out here aren't even showing you executions on
4676
4677 1170
4678 01:19:03,810 ~-~-> 01:19:06,930
4679 trading view. Because they're not consistent. They don't
4680
4681 1171
4682 01:19:06,930 ~-~-> 01:19:09,750
4683 know how to trade. And they only talk about it in hindsight
4684
4685 1172
4686 01:19:09,750 ~-~-> 01:19:13,260
4687 or show you fake empty for withdrawals, and screenshots.
4688
4689 1173
4690 01:19:13,500 ~-~-> 01:19:17,370
4691 That's all keyed in trades after the fact. You can't fake
4692
4693 1174
4694 01:19:17,370 ~-~-> 01:19:21,120
4695 what I'm about to show you. They're real executions. And I'm
4696
4697 1175
4698 01:19:21,120 ~-~-> 01:19:24,630
4699 being upfront and honest and transparent. It's a paper trade
4700
4701 1176
4702 01:19:25,020 ~-~-> 01:19:28,680
4703 because of regulations. I'm not licensed to give trade
4704
4705 1177
4706 01:19:28,680 ~-~-> 01:19:32,520
4707 advice. There's no regulation on paper trades, because I've
4708
4709 1178
4710 01:19:32,520 ~-~-> 01:19:35,490
4711 already told you it's not the same. It's not equivalent. If
4712
4713 1179
4714 01:19:35,490 ~-~-> 01:19:39,180
4715 I said paper trading is the same thing as law trading. No.
4716
4717 1180
4718 01:19:39,540 ~-~-> 01:19:42,480
4719 There's a distinction between what I say I say the price
4720
4721 1181
4722 01:19:42,480 ~-~-> 01:19:45,810
4723 delivery in the patterns we're looking for. In studying with
4724
4725 1182
4726 01:19:45,810 ~-~-> 01:19:49,110
4727 a paper trading mindset. There's no difference between that
4728
4729 1183
4730 01:19:49,110 ~-~-> 01:19:53,040
4731 and what you'd look at in terms of live feed or Live account
4732
4733 1184
4734 01:19:53,040 ~-~-> 01:19:57,540
4735 trading. That price is the same price within reason. A
4736
4737 1185
4738 01:19:57,540 ~-~-> 01:20:00,270
4739 couple pips or so in terms of the spread but this time Same
4740
4741 1186
4742 01:20:00,270 ~-~-> 01:20:04,560
4743 things happening in a live feed. So if I don't have an
4744
4745 1187
4746 01:20:04,560 ~-~-> 01:20:06,990
4747 understanding of what Bryce is going to do in a paper
4748
4749 1188
4750 01:20:06,990 ~-~-> 01:20:09,810
4751 trading account on trading view, I sure as hell wouldn't be
4752
4753 1189
4754 01:20:09,810 ~-~-> 01:20:13,890
4755 able to deal with a Live account, right. So I leave my
4756
4757 1190
4758 01:20:13,920 ~-~-> 01:20:17,340
4759 audience with that conundrum, you have to wrestle with that,
4760
4761 1191
4762 01:20:17,550 ~-~-> 01:20:20,220
4763 if you don't want to, believe me, because I'm not showing
4764
4765 1192
4766 01:20:20,220 ~-~-> 01:20:24,420
4767 you deposits into a bank account from a trading account. Or
4768
4769 1193
4770 01:20:24,420 ~-~-> 01:20:28,050
4771 I'm not showing you $100,000 cars, okay, or million dollar
4772
4773 1194
4774 01:20:28,050 ~-~-> 01:20:32,310
4775 homes, or $65,000, watches, or vacation properties that I
4776
4777 1195
4778 01:20:32,310 ~-~-> 01:20:36,660
4779 actually really own. If you're not believing anything
4780
4781 1196
4782 01:20:36,660 ~-~-> 01:20:41,220
4783 because of those things, then you have your expectations
4784
4785 1197
4786 01:20:41,220 ~-~-> 01:20:44,100
4787 misaligned. Because I only promised that you're going to
4788
4789 1198
4790 01:20:44,100 ~-~-> 01:20:47,640
4791 learn how to read price better than anyone else can teach
4792
4793 1199
4794 01:20:47,640 ~-~-> 01:20:52,740
4795 you. And forecast price movements more accurately than you
4796
4797 1200
4798 01:20:52,740 ~-~-> 01:20:56,040
4799 could ever imagine, and do it consistently. But you're going
4800
4801 1201
4802 01:20:56,040 ~-~-> 01:20:58,890
4803 to have to work your ass off, it's going to come with a lot
4804
4805 1202
4806 01:20:58,890 ~-~-> 01:21:01,530
4807 of work, it's going to come with a lot more work than you
4808
4809 1203
4810 01:21:01,530 ~-~-> 01:21:03,780
4811 think it's going to take. And you're going to want to quit
4812
4813 1204
4814 01:21:03,780 ~-~-> 01:21:08,550
4815 dozens of times, and only the strong survive here. Period.
4816
4817 1205
4818 01:21:09,180 ~-~-> 01:21:13,380
4819 But the ones that put the work in, they get it they get it.
4820
4821 1206
4822 01:21:14,250 ~-~-> 01:21:20,220
4823 Because once you know, you know nothing can detract you from
4824
4825 1207
4826 01:21:20,220 ~-~-> 01:21:24,180
4827 that. Once you have it, once you see it, once you really
4828
4829 1208
4830 01:21:24,180 ~-~-> 01:21:28,920
4831 live it. There's a person out there that's going to convince
4832
4833 1209
4834 01:21:28,920 ~-~-> 01:21:33,150
4835 you to do anything else but what we do, because what we do
4836
4837 1210
4838 01:21:33,780 ~-~-> 01:21:37,620
4839 is the truth. And there's no denying it. Look at this chart,
4840
4841 1211
4842 01:21:37,620 ~-~-> 01:21:43,020
4843 folks. Seriously. It's only 20 pips I know it's 20 pips. But
4844
4845 1212
4846 01:21:43,020 ~-~-> 01:21:45,930
4847 I can tell you there was a time where I looked at charts.
4848
4849 1213
4850 01:21:46,020 ~-~-> 01:21:51,030
4851 And this was a unicorn to me, there was no way I was going
4852
4853 1214
4854 01:21:51,030 ~-~-> 01:21:54,570
4855 to capture this talent, the skill, the see the actual
4856
4857 1215
4858 01:21:54,570 ~-~-> 01:21:58,350
4859 turning points in the majority of the move. Come on, come
4860
4861 1216
4862 01:21:58,350 ~-~-> 01:22:02,730
4863 on. How many examples you need to see this, because I'm
4864
4865 1217
4866 01:22:02,730 ~-~-> 01:22:05,760
4867 going to keep doing it. But how many do you need to see with
4868
4869 1218
4870 01:22:05,760 ~-~-> 01:22:08,790
4871 this with this medium trading view, it's not empty for
4872
4873 1219
4874 01:22:09,630 ~-~-> 01:22:13,200
4875 there's no way I can funny game it. I can't finagle it, I
4876
4877 1220
4878 01:22:13,200 ~-~-> 01:22:17,280
4879 can't key in orders. Everything happens as it happens on the
4880
4881 1221
4882 01:22:17,280 ~-~-> 01:22:23,670
4883 screen. Ask your guru to do the same thing. Ask your
4884
4885 1222
4886 01:22:23,670 ~-~-> 01:22:29,610
4887 educators to do this. They're not going to because they
4888
4889 1223
4890 01:22:29,610 ~-~-> 01:22:32,520
4891 can't, you're going to see that their trade entries are
4892
4893 1224
4894 01:22:32,520 ~-~-> 01:22:35,880
4895 going to weigh off. They'll be chasing price, or it'll go
4896
4897 1225
4898 01:22:35,880 ~-~-> 01:22:39,540
4899 against them 1520 pips before eventually turns around, and
4900
4901 1226
4902 01:22:39,540 ~-~-> 01:22:42,030
4903 they'll get out way before they should. Or they won't even
4904
4905 1227
4906 01:22:42,030 ~-~-> 01:22:44,010
4907 have stopped loss of movement as it should be managed
4908
4909 1228
4910 01:22:44,010 ~-~-> 01:22:47,940
4911 properly. They don't know how to trade books. And that's the
4912
4913 1229
4914 01:22:47,940 ~-~-> 01:22:52,890
4915 bottom line. There's no other reason for it. None. No other
4916
4917 1230
4918 01:22:52,890 ~-~-> 01:22:58,410
4919 reason for it not to happen. Period. So hopefully you got a
4920
4921 1231
4922 01:22:58,410 ~-~-> 01:23:01,920
4923 little bit of understanding about what makes day trading in
4924
4925 1232
4926 01:23:01,920 ~-~-> 01:23:05,520
4927 its three components. Day Trading the daily range for the
4928
4929 1233
4930 01:23:05,520 ~-~-> 01:23:09,570
4931 maximum part of the daily range, swing trading intraday, and
4932
4933 1234
4934 01:23:09,570 ~-~-> 01:23:12,120
4935 in scalping, because there's three different schools of
4936
4937 1235
4938 01:23:12,120 ~-~-> 01:23:15,060
4939 thought with that, at least under my tutelage. And I've
4940
4941 1236
4942 01:23:15,060 ~-~-> 01:23:17,160
4943 given you examples of that today. So now let's take a look
4944
4945 1237
4946 01:23:17,160 ~-~-> 01:23:19,530
4947 at the video. Until I talk to you next time. I wish you good
4948
4949 1238
4950 01:23:19,530 ~-~-> 01:23:20,520
4951 luck and good trading.