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3		-ICT: Okay, folks, welcome back. And this is a brief lecture
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	2	+|1 |00:00:16,619 ~-~-> 00:00:28,289 |ICT: Okay, folks, welcome back. And this is a brief lecture on intraday swing trading. And I'm gonna highlight a few things here that you can start to look
	3	+|2 |00:00:28,289 ~-~-> 00:00:36,989 |for in your own price action study and look at past price swings. And you'll start seeing what I'm outlining here. So that we will develop your perception
	4	+|3 |00:00:37,019 ~-~-> 00:00:50,879 |about smart money technique, or SMT. So, what is that? Well, when we look at price action in any timeframe, then we're only focusing on the one hour chart
	5	+|4 |00:00:50,879 ~-~-> 00:01:02,609 |for this example, but it's applicable to all timeframes. When we look for key swings in the marketplace, invariably, the traders that are indoctrinated in
	6	+|5 |00:01:02,639 ~-~-> 00:01:17,759 |trading, they will use oscillators, stochastic RSI, CCI MACD something to that effect. And while I don't subscribe to that view, I initially was thrusted into
	7	+|6 |00:01:17,759 ~-~-> 00:01:34,529 |that myopic view of price action. I want to kind of stimulate your, your imagination on how you can just rely on price to give you that perception, that
	8	+|7 |00:01:34,559 ~-~-> 00:01:44,849 |gives us the idea of divergence. Okay, I guess when I first started in the 90s, as soon as I saw stochastic indicator, and the books were saying, look, every
	9	+|8 |00:01:44,849 ~-~-> 00:01:55,949 |time I made a higher high in price, and the stochastic failed to make a higher high and it diverged, it sold off? Well, naturally. That's the thing I was
	10	+|9 |00:01:55,949 ~-~-> 00:02:03,179 |looking for all it was all along, I knew, that's when I saw that I was the thing I wanted. And then when I started trading in that in a Live account, it just
	11	+|10 |00:02:03,179 ~-~-> 00:02:18,419 |kept going up, and up and up. So while there are times when indicators will flag a setup, the problem with that is the creators of these indicators and the
	12	+|11 |00:02:18,419 ~-~-> 00:02:33,809 |authors and the promoters of them in their pet models or systems. They don't really go into a great detail on or at least not in the vein of accuracy. When
	13	+|12 |00:02:33,809 ~-~-> 00:02:46,919 |do you When do you apply them to the chart accurately that that's, that's the thing that I discovered early on. That no real educator has the appropriate
	14	+|13 |00:02:46,919 ~-~-> 00:02:57,929 |placement for these indicators, because they're relying on support and resistance in a classic sense. And then the overbought, oversold in the classic
	15	+|14 |00:02:57,929 ~-~-> 00:03:06,359 |sense, and then applying the divergence. When it's like that, when you don't have an understanding of the narrative, like what market profile Are you trading
	16	+|15 |00:03:06,359 ~-~-> 00:03:15,509 |in? Are you in a trending environment? Are you in a range bound environment and range bound environments? Generally, oscillators will do very well if you're
	17	+|16 |00:03:15,509 ~-~-> 00:03:24,209 |looking at the trade divergence. But don't let me entice you into thinking that Okay, now he just gave us the invitation, start using indicators. Because if
	18	+|17 |00:03:24,209 ~-~-> 00:03:34,289 |you're a student of mine, we shun all that stuff, because it's a distraction from the actual price itself. Because price will give you everything you need.
	19	+|18 |00:03:34,589 ~-~-> 00:03:51,239 |The open high, low and close is all that is necessary. Smart Money, institutional order flow, the brains behind these price moves cannot hide their
	20	+|19 |00:03:51,239 ~-~-> 00:04:00,029 |footprints, they cannot do it, it's impossible for them to do it. And I just want to put this in here as another little bullet point because I'm getting
	21	+|20 |00:04:00,029 ~-~-> 00:04:12,779 |hammered by new students reaching out to me. And the common fear is if I'm teaching this, is it going to stop working? And let me just briefly speak on it
	22	+|21 |00:04:12,779 ~-~-> 00:04:22,169 |for about a minute or two and then we'll go right into the heart of this lesson. Anything that I'm teaching, whether it be here or in my private mentorship, it
	23	+|22 |00:04:22,169 ~-~-> 00:04:39,059 |is not going to change, okay, because it's rooted in the basis that the large order flows that exchange between the central banks, the large producers or
	24	+|23 |00:04:39,569 ~-~-> 00:04:57,059 |creators of commodities. These entities are in lockstep with large fund traders. I'm not considered a large fund trader, I've traded large funds, but I'm not
	25	+|24 |00:04:57,059 ~-~-> 00:05:07,679 |considered a large fund trader. So I'm not a Commercial trader, okay. And I'm not a large fund trader, in the sense that we look at Commitment of Traders
	26	+|25 |00:05:07,709 ~-~-> 00:05:08,999 |data. So
	27	+|26 |00:05:10,530 ~-~-> 00:05:19,830 |that relationship between these two parties the commercials, which will deem that as the central banks if we're gonna refer to currencies, okay, in deference
	28	+|27 |00:05:19,830 ~-~-> 00:05:36,300 |to forex, so but it's not limited to forex, it's the same thing across your stock indices, everything. So because their marriage, okay and dance between the
	29	+|28 |00:05:36,300 ~-~-> 00:05:47,340 |ebbs and flow of the marketplace, the commercials pair up with the large fund traders. And they're always diametrically opposed. So when the large fund
	30	+|29 |00:05:47,340 ~-~-> 00:05:59,130 |traders are bullish, and they're buying long term trends, the commercial traders are providing that liquidity to be counterparty and they have deeper pockets,
	31	+|30 |00:05:59,130 ~-~-> 00:06:09,840 |they can write out those long drawn out moves, because they understand that it's going to eventually revert back to the main. So if we apply that thought process
	32	+|31 |00:06:11,070 ~-~-> 00:06:23,670 |to the question or concern that many of you have, it's going to stop working, it's not going to stop working. Because to say that means that large trade
	33	+|32 |00:06:24,480 ~-~-> 00:06:35,790 |between commercial entities and large fund traders is going to disappear. And that's not going to happen. so badly if if that happens to disappear, if there's
	34	+|33 |00:06:35,790 ~-~-> 00:06:48,480 |no large commercial producer of anything, or a central bank stops becoming a central bank, and they stop managing large funds, okay, then we have bigger
	35	+|34 |00:06:48,480 ~-~-> 00:06:59,700 |problems to worry about. But as long as those two entities exist, the things I teach on, are never going to diminish, they're not going to stop working, and
	36	+|35 |00:06:59,700 ~-~-> 00:07:09,450 |they're not going to fail, okay? It does not mean that you as the speculator will not interpret it incorrectly, because you are human, just like I'm human, I
	37	+|36 |00:07:09,480 ~-~-> 00:07:18,630 |can make a mistake just as well as anyone else. So don't think that anything that I teach or have taught or will teach in the future, has an expiration date
	38	+|37 |00:07:18,630 ~-~-> 00:07:27,330 |on it, because it doesn't. Alright, so with this lesson gonna talk on Well, if you've been a student of mine for a number of years, you are not going to be
	39	+|38 |00:07:27,330 ~-~-> 00:07:36,090 |surprised by what I'm going to talk about. But I want to give you some framework to try to build in some perception of how you can go and look at price. Now
	40	+|39 |00:07:36,090 ~-~-> 00:07:45,060 |everyone, everyone knows that my pet pairs are fiber and cable, which is euro dollar and British Pound versus US dollar. And I couple that with the dollar
	41	+|40 |00:07:45,060 ~-~-> 00:07:56,460 |index. So that's my triad, I look at those three markets to get my bias, my analysis, my weekly profile I'm looking to trade in or my daily profile to day
	42	+|41 |00:07:56,460 ~-~-> 00:08:09,540 |trade in. And I don't need to do anything else. So if I want to be a deviant, then I will trade dollar CAD, which in recent months have been really
	43	+|42 |00:08:09,570 ~-~-> 00:08:21,120 |lackluster, I haven't had a lot of interest in that pair. But I will sometimes go to Australian dollar and or New Zealand dollar. But it requires something
	44	+|43 |00:08:21,750 ~-~-> 00:08:31,470 |very dry in price action for a euro and cable for me to come out of those two pairs of find something else. And it's usually in instances where I'm really
	45	+|44 |00:08:31,470 ~-~-> 00:08:39,900 |pushing hard, which is not a good thing to do. But because I'm an educator, I like to use examples outside of my two pet pairs. Because just like the question
	46	+|45 |00:08:39,900 ~-~-> 00:08:50,580 |of will these things stop working? Because I'm teaching it on a large scale? No, that won't. But does it work in other pairs. And it makes me smile, because I
	47	+|46 |00:08:50,580 ~-~-> 00:09:00,330 |used to think that way too. It only works on special markets. And it works on every pair and works on every asset class. Okay, so just understand what I'm
	48	+|47 |00:09:00,330 ~-~-> 00:09:11,670 |sharing here. It's very powerful, but you need to study it and compare old price moves. And you'll really appreciate how strong it is. But we're looking at a
	49	+|48 |00:09:11,670 ~-~-> 00:09:22,440 |range bound market here and without reaching for an oscillator, like stochastic MACD or RSI to look for overbought, oversold and divergence, we can look at just
	50	+|49 |00:09:22,440 ~-~-> 00:09:23,070 |price action.
	51	+|50 |00:09:24,720 ~-~-> 00:09:33,840 |We have equal Highs over here. So everyone in the retail universe is going to say hey, look, this is resistance. So therefore it's stopped here stopped here
	52	+|51 |00:09:33,840 ~-~-> 00:09:41,760 |and traded lower. When it trades back up to what should happen. It should hit that level that imaginary level and it should go down. But it goes up a little
	53	+|52 |00:09:41,760 ~-~-> 00:09:54,060 |bit higher. trades lower. starts to do the same thing here that it did here. So we're seeing equal highs. Equal highs or as I call them relative equal highs. So
	54	+|53 |00:09:54,180 ~-~-> 00:10:09,840 |between this high in this high and this high in this high we can end participate by stops to form and start pulling. And the words start to collect or gather
	55	+|54 |00:10:09,990 ~-~-> 00:10:18,360 |just above these highs, because traders that want to buy on a breakout, they think buying strength, like it broke out here, they have orders to trip them in
	56	+|55 |00:10:18,360 ~-~-> 00:10:28,470 |the marketplace to go long. And their stop loss will be below some low down here. Or traders that have been looking at the idea that this is resistance. And
	57	+|56 |00:10:28,470 ~-~-> 00:10:36,810 |now this is resistance, and they're trying to sell it, because I don't know about you. But when I first started trading, I believe that everybody that was
	58	+|57 |00:10:36,810 ~-~-> 00:10:47,640 |making big money was selling tops and buying bottoms. And I soon found out that that's not true. They're buying after the move establishes itself and trades to
	59	+|58 |00:10:47,640 ~-~-> 00:10:57,720 |a level that's highly probable. And they're getting the large portion in between the turning points. And it took a long time for me to get to that point where I
	60	+|59 |00:10:57,720 ~-~-> 00:11:07,680 |was content with that, and I stopped chasing these endless pursuits of perfection. Now, it's not to say that my obsessive compulsive disorder, which is
	61	+|60 |00:11:07,710 ~-~-> 00:11:17,550 |what I live with and wrestle with, doesn't flare up, and I look for certain things that is unreasonable for the average trader. But that's also been a
	62	+|61 |00:11:17,790 ~-~-> 00:11:27,690 |blessing and not just a curse, because it's helped me pursue things that would otherwise would have never made its way into the community and analysis or
	63	+|62 |00:11:27,690 ~-~-> 00:11:37,560 |technical analysis concepts. So when we look at these levels here, just understand that as it creates these relative equal highs, they are signatures
	64	+|63 |00:11:37,560 ~-~-> 00:11:47,670 |that I teach my students to look for. Now, there are instances where trading above these levels, it goes right to it and then reverses. Other times, it's a
	65	+|64 |00:11:47,670 ~-~-> 00:11:55,380 |continuation to go higher, that, again, is narrative that is not going to be within the scope of the teaching here. But you're going to be able to look back
	66	+|65 |00:11:55,440 ~-~-> 00:12:03,180 |in your old trades. And maybe if you look at trades where you've lost, and it was stopped out or went the other way, you're going to discover you're probably
	67	+|66 |00:12:03,180 ~-~-> 00:12:06,870 |trading counter to what I'm going to show you here. But
	68	+|67 |00:12:07,830 ~-~-> 00:12:20,190 |there is a way of measuring divergence, okay, and the price action. And the way I do it is I put a closely correlated market with the market, I'm looking to
	69	+|68 |00:12:20,190 ~-~-> 00:12:31,320 |trade, and I just overlay it. So Alright, so you start by having an underlying premise, what should the market be reacting to? Why should it be reacting to it,
	70	+|69 |00:12:31,620 ~-~-> 00:12:40,470 |in the sense that it gives you a buy or sell scenario? In other words, what is your bias? What are you anticipating happening once price trades to a particular
	71	+|70 |00:12:40,470 ~-~-> 00:12:49,920 |price level? Well, as I mentioned, here, we have Basilicata here and here, and the market trades up and then breaks down. Now there's two schools of thought
	72	+|71 |00:12:49,920 ~-~-> 00:13:00,300 |here, you can be the trader that is down here buying and exits above these levels. And there's nothing wrong with that. Or you could be a trader that wants
	73	+|72 |00:13:00,300 ~-~-> 00:13:10,260 |to trade above these levels here and look to go short. Now that might be a little frightening for you, especially if you're a new trader or new student, it
	74	+|73 |00:13:10,260 ~-~-> 00:13:18,930 |feels uncomfortable, because the markets been going up. And your natural tendency is to believe that it's going to continue going up. And if you look at
	75	+|74 |00:13:18,930 ~-~-> 00:13:28,560 |your trades that you lost money on, I guarantee you, especially if you're a new student, or a new trader, you were trying to buy something that has already been
	76	+|75 |00:13:28,560 ~-~-> 00:13:36,090 |going up for a length of time. Okay, now, what's your buying, like in here thinking it's going to keep going up cuz it's a bull flag. We've already went
	77	+|76 |00:13:36,090 ~-~-> 00:13:44,250 |above this. Suppose that resistance and refining some support level here, supposedly, and it starts to move higher, and you chase it. everyone's done that
	78	+|77 |00:13:44,430 ~-~-> 00:13:56,730 |every single trader has always done that stupid mistake of chasing price in some silly early stage of their development. They did that everyone did that. There's
	79	+|78 |00:13:56,730 ~-~-> 00:14:04,890 |no reason to feel silly, to the point where you beat yourself up about it. But it's something you got to smile about. Now look back saying, you know, I'm glad
	80	+|79 |00:14:04,890 ~-~-> 00:14:10,440 |we don't do those things anymore. But if you're a new student, and you're still falling victim to that this lesson is going to give you a different perspective.
	81	+|80 |00:14:10,920 ~-~-> 00:14:21,600 |And how to fight that tendency of chasing price because we don't like to buy above old highs. That's a rule right away in your notes you should have never
	82	+|81 |00:14:21,600 ~-~-> 00:14:34,440 |buy above old highs and onwards if we just traded above old highs. We can't take new Long's there that they can't happen just as well. We can't sell short below
	83	+|82 |00:14:34,710 ~-~-> 00:14:46,530 |old lows. We can't do that. Because above old highs, there's bias out liquidity that's buy stops. You're entering like the retail trader does. You have buy
	84	+|83 |00:14:46,530 ~-~-> 00:14:57,360 |interest there. When we as institutionally minded traders are not looking at that. With the buying interest. We're either looking for it to offer a
	85	+|84 |00:14:57,360 ~-~-> 00:15:06,930 |counterparty and we're going to sell short to those buyers. interests, or want to wait to see if it drops away from that level. And that's the more
	86	+|85 |00:15:06,960 ~-~-> 00:15:15,330 |conservative approach. And there's nothing wrong with that either. And the way you would do that, and this is just one instance of how you can do it, you find
	87	+|86 |00:15:16,770 ~-~-> 00:15:37,140 |a breaker, the breaker is essentially this high to that low in this low up to this higher high. Can you see that? So it's this pattern. So what you want to do
	88	+|87 |00:15:37,140 ~-~-> 00:15:50,490 |is train your eyes to look at that last down closed candle, because that last down close candle is the actual new future resistance level. It's not ambiguous.
	89	+|88 |00:15:50,580 ~-~-> 00:16:01,920 |It's not a question of which low do I use here, because every one of these lows it in some way, shape or form, educator or a teacher will say, it's this one,
	90	+|89 |00:16:01,920 ~-~-> 00:16:14,100 |it's that one. The fact that we had this run higher clearing these highs, this particular candle, right did that one down close candle, I mean, take this out,
	91	+|90 |00:16:14,100 ~-~-> 00:16:24,510 |move it away just one little bit. Alright, so you can see the heavy down closed candle there. That candle is the actual bearish ICT breaker. When market trades
	92	+|91 |00:16:24,510 ~-~-> 00:16:37,350 |below that low, we wait for the trade back up into it. Once it trades back up into it, then you could look for to trade to what the low that formed prior to
	93	+|92 |00:16:37,350 ~-~-> 00:16:39,930 |this retracement. That in itself
	94	+|93 |00:16:40,350 ~-~-> 00:16:52,230 |is a complete trading model. By itself, it is all one of you out here listening to me is all that you're ever going to need to do in trading. And you can find
	95	+|94 |00:16:52,230 ~-~-> 00:17:02,910 |this pattern on five minute charts, 15 minute charts, for our charts, eight hour charts, daily charts, weekly charts, monthly charts. And you can frame that
	96	+|95 |00:17:03,750 ~-~-> 00:17:12,660 |whole model on the timeframe in duration that you would like to trade in relative to that timeframe. If you want a lot of setups, you can trade them on a
	97	+|96 |00:17:12,660 ~-~-> 00:17:25,950 |15 minute, multiple times a week on a 15 minute chart, it's not going to offer a huge amount of pips because it's framed on this movement here. And you're
	98	+|97 |00:17:25,950 ~-~-> 00:17:37,890 |selling short at a logical level. And you're going to take profits below the low that foreigns prior to that return to the breaker. Okay, so once this occurs,
	99	+|98 |00:17:37,890 ~-~-> 00:17:49,320 |once you go below this low, you're out, you're done. Or if you have framed this whole thing, on the basis that it's a little bit longer term setup, then you can
	100	+|99 |00:17:49,350 ~-~-> 00:17:57,630 |take off some portion, I don't know, I don't want to say too much here and try to drive too much of your decision making process. But you could say, say take
	101	+|100 |00:17:57,630 ~-~-> 00:18:06,900 |off half, okay, or more than half below this low as it trades below it. And then you leave a stop that's reasonable locking in something, then you let the
	102	+|101 |00:18:06,900 ~-~-> 00:18:17,700 |remainder trade. And if it can go lower, you'll be able to participate in that and then keep scaling out as it keeps going lower. But initially, when you first
	103	+|102 |00:18:17,700 ~-~-> 00:18:25,950 |start to look for things like this, you want to try to take all of your profit here because you want to train yourself to feel comfortable, engaging number
	104	+|103 |00:18:25,950 ~-~-> 00:18:39,780 |one, and then clearing the trade with a profit banking banking completely. If you see this pattern in hindsight, and you study you want to print out or at
	105	+|104 |00:18:39,780 ~-~-> 00:18:49,110 |least screen capture and save these in your electronic journal. Okay, so every one of you in this community should have a study journal, if you just watch my
	106	+|105 |00:18:49,110 ~-~-> 00:18:57,690 |videos, or if you just watch my videos and just go to your charts and look and don't make any annotations, don't screen capture anything, you're wasting your
	107	+|106 |00:18:57,690 ~-~-> 00:19:10,620 |time. You clearly are wasting your time and you're not gonna be able to develop in you're looking at ICT is forex Netflix? And listen. That's not equivalent to
	108	+|107 |00:19:10,620 ~-~-> 00:19:19,500 |learning how to do it yourself. You have to train yourself. And that only happens by practicing and putting the work into it. But what about in these
	109	+|108 |00:19:19,800 ~-~-> 00:19:32,580 |relative equal highs? What can we see to anticipate these turning points? Well, you can go to the Compare tab. Put in this pair here is the New Zealand dollar.
	110	+|109 |00:19:32,910 ~-~-> 00:19:48,240 |So a closely correlated pair would be Aussie dollar Alright, so here's the Australian dollar. And I want you to look at how price we had these relative
	111	+|110 |00:19:48,240 ~-~-> 00:19:58,800 |equal highs. The market trades higher and look even the Australian dollars making higher highs. See all this this commutative line. That's basically the
	112	+|111 |00:19:58,800 ~-~-> 00:20:10,020 |price action for me Take this away as you can see it, that's essentially the price action for Ozzy versus the US dollar. Now, if we put New Zealand price
	113	+|112 |00:20:10,020 ~-~-> 00:20:21,420 |back on it, look at how the high in New Zealand went higher here. But look at the highs comparably. In the Australian dollar, it was lower on par, you see
	114	+|113 |00:20:21,420 ~-~-> 00:20:33,720 |that? That is my SMT divergence, okay, or smart money technique or smart money tool. However, when usable spend always been abbreviated as SMT. There's a lot
	115	+|114 |00:20:33,720 ~-~-> 00:20:42,750 |of people on Instagram, a lot of people on the internet that's created supposedly courses around it. And they'll show you examples, but they don't ever
	116	+|115 |00:20:42,750 ~-~-> 00:20:52,590 |have the narrative ahead of the curve, where they're looking for the SMT divergence before it happens. Like you never see them do a video where they use
	117	+|116 |00:20:52,590 ~-~-> 00:21:02,700 |it before it forms. And then the trade goes there. It's always this perfect excuse of in hindsight, okay, but when you first learn how to do it, or look for
	118	+|117 |00:21:02,700 ~-~-> 00:21:13,950 |it, obviously, like anything else, you have to see it in hindsight, and this is how I'm teaching you how to look for it. There are several examples of SMT
	119	+|118 |00:21:13,950 ~-~-> 00:21:23,130 |divergence per week. And if you drop into 15 minute time frames, you get a lot more of them. And in five minute charts, you get, again, a lot more of them. But
	120	+|119 |00:21:23,130 ~-~-> 00:21:35,040 |just because there's a divergence between the relationships of the highs, like here's the higher high in New Zealand, and the lower high in Aussie dollar. Just
	121	+|120 |00:21:35,040 ~-~-> 00:21:36,360 |because it does that
	122	+|121 |00:21:38,220 ~-~-> 00:21:49,980 |doesn't necessarily mean there's going to be a trade, you have to have, like I was showing you moments ago, before I included the Australian dollar overlay is
	123	+|122 |00:21:50,040 ~-~-> 00:21:59,460 |you have these understandings that the buy side liquidity is going to be tapped. Now, you may not know that it's going to go up here and reverse, you don't need
	124	+|123 |00:21:59,460 ~-~-> 00:22:11,610 |to know that. Okay, that's the benefit of having the understanding of my breaker pattern, you are just going to simply wait. And believe me, initially, you look
	125	+|124 |00:22:11,610 ~-~-> 00:22:19,950 |at these types of trades here and say, Wow, I want to sell up here. And I want to get out down here, I want to sell here and get out down here. And okay,
	126	+|125 |00:22:19,950 ~-~-> 00:22:28,620 |that's fine. But you have to graduate into that, no one's going to just step out here in trading, watch a couple videos or read a book, or go to a seminar, buy
	127	+|126 |00:22:28,620 ~-~-> 00:22:39,030 |course, and go out there and start doing that it just doesn't happen. You have to really train yourself gradually modularly to get to that point. And the
	128	+|127 |00:22:39,030 ~-~-> 00:22:48,540 |easiest training wheels to get to that is using the breaker pattern, that means learn to anticipate this high forming and then reject, but don't trade that yet.
	129	+|128 |00:22:49,410 ~-~-> 00:22:58,470 |Once it breaks down, you know, all you're going to do is wait for this candle to get traded back up to right here. Once it trades back up into the breaker,
	130	+|129 |00:22:59,700 ~-~-> 00:23:13,020 |you're going to frame a short that has the stop loss above the breaker candle. You have to have closed candle in here, that's a bearish order block, a close
	131	+|130 |00:23:13,020 ~-~-> 00:23:25,200 |candle a closed candle, so your stop has to be above this candle. Because you're comparing the order block with the location of the breaker, the order block
	132	+|131 |00:23:25,200 ~-~-> 00:23:33,120 |gives you a little bit higher, yes, doesn't have to be a big stop. But as it trades up into this level, you're going to be looking for a stop loss above
	133	+|132 |00:23:33,120 ~-~-> 00:23:39,360 |that. And then you don't have to worry about it. If you get stopped out, you get stopped out you did it wrong. It's a wrong selection on the trade. And there's
	134	+|133 |00:23:39,360 ~-~-> 00:23:46,740 |no reason for you to going out there trying to avoid every losing trade. That's also a problem with new traders because I did that stuff too. You're going to
	135	+|134 |00:23:46,740 ~-~-> 00:23:57,660 |lose, okay, there's no reason for you to worry about losing if you have a sound model. And this is a sound model like this is the complete model. You don't need
	136	+|135 |00:23:57,660 ~-~-> 00:24:08,610 |to do anything else. But look for these types of setups. And they form weekly, every single week, this pattern forms, but you have to know what you're looking
	137	+|136 |00:24:08,610 ~-~-> 00:24:16,800 |for. And the only way you're gonna know what you're looking for is by repetitive study, taking snapshots of your own charts with your own annotations. And what's
	138	+|137 |00:24:16,800 ~-~-> 00:24:25,290 |that mean? Like I have these little markers here. And maybe in these areas over here, you can put some additional notes like how many candles did it take to get
	139	+|138 |00:24:25,290 ~-~-> 00:24:34,440 |up to this level here after it broke. Because when you see this breakdown like that, the first thing is I want to get right back to this this candle here if
	140	+|139 |00:24:34,440 ~-~-> 00:24:42,150 |you understand my breaker and you don't necessarily know how to submit to the amount of time that can take place. So when you do your screen captures in your
	141	+|140 |00:24:42,180 ~-~-> 00:24:51,780 |study journal, you want to record how much time it takes from the initiation of the setup which once it trades below this low here that sets the stage for okay
	142	+|141 |00:24:51,810 ~-~-> 00:25:07,950 |now your setup is the next action point. Okay, the next process The natural order of the trade process. So this sets the stage, now you are in waiting mode,
	143	+|142 |00:25:08,010 ~-~-> 00:25:16,560 |what are you waiting for it needs to trade back up into that candle. How long does it take to do that, because it takes several days to get to it. Because
	144	+|143 |00:25:16,560 ~-~-> 00:25:28,920 |it's an hourly chart, sometimes it can happen within the same day. But until you appreciate him any varying examples, there's going to be you have to submit to
	145	+|144 |00:25:28,920 ~-~-> 00:25:41,700 |that time. And it's real impatient. For a new trader, or as a new trader is impatient, I say that should say it like that, for the setup, and sometimes they
	146	+|145 |00:25:41,700 ~-~-> 00:25:49,410 |just lose their mind, because they want to get in there and do it, they want to take the trade. But this is the benefit of going through your charts yourself
	147	+|146 |00:25:49,440 ~-~-> 00:25:58,410 |and the markets that you'd like to follow. And you'll see by capturing examples like this, you'll be able to see how many opportunities have formed over a week
	148	+|147 |00:25:58,410 ~-~-> 00:26:09,990 |or a month, and how much time it takes from when the setup is initiated to its actual formation? How much of a stoploss Do you need to use? And how much does
	149	+|148 |00:26:09,990 ~-~-> 00:26:12,660 |it offer in terms of pips, so
	150	+|149 |00:26:13,769 ~-~-> 00:26:23,909 |by itself, again, this is all some of you will ever require, you would never need to buy a course, you would never need to watch another ICT video, I know
	151	+|150 |00:26:23,909 ~-~-> 00:26:31,979 |you're not gonna do that you're gonna keep watching videos. But the point is, is you don't need to do it. Okay, you'll be doing it just because you like it. But
	152	+|151 |00:26:32,459 ~-~-> 00:26:41,699 |as far as knowing what to look for, for some of you, this is all you ever need. But the point is this, you have to look at the relationships, again, with
	153	+|152 |00:26:41,789 ~-~-> 00:26:51,149 |correlated pairs, or correlated markets. The fact that the Australian dollar, okay, see how it's made that lower high here relative to this high, whereas the
	154	+|153 |00:26:51,179 ~-~-> 00:27:02,639 |New Zealand dollar high here, it has a slightly higher high, whenever this occurs in price action, okay, this is indicating that there's a lot of selling
	155	+|154 |00:27:02,969 ~-~-> 00:27:13,319 |going on in Australian dollar. The fact that the Australian dollar was not able to get back up, and trade above its old high like the New Zealand dollar did
	156	+|155 |00:27:13,319 ~-~-> 00:27:26,969 |here, it's tipping its hand that these two pairs are likely to go down. Because they're closely correlated. If we see that the Australian dollar is having the
	157	+|156 |00:27:26,969 ~-~-> 00:27:34,559 |lower high form, or it's failing to make that, then what that means to me as a trader is that we're running above these relative equal highs. And this is a
	158	+|157 |00:27:34,559 ~-~-> 00:27:48,959 |fake out. This is just a run on stops, and anticipate a rejection or a reversal. And then you get it here. So the underlying, I guess, signature here is you want
	159	+|158 |00:27:48,959 ~-~-> 00:27:59,069 |to look for relative equal highs, here in a consolidating market, and then look at a closely correlated asset, no words if, say, the candlestick chart portion
	160	+|159 |00:27:59,069 ~-~-> 00:28:10,889 |of this example was British pound. And the red overlay was euro dollar. If that occurred here, the same would be expected. Okay. So euro dollar and cable are
	161	+|160 |00:28:10,889 ~-~-> 00:28:20,939 |very closely correlated pairs, not all the time, sometimes there's a cracking correlation. But generally, they move pretty close to one pillar. When it
	162	+|161 |00:28:20,939 ~-~-> 00:28:37,469 |doesn't exist like that, then you have trades in like euro pound, when you have the markets in consolidation as a whole, and we see this pattern here. This also
	163	+|162 |00:28:37,469 ~-~-> 00:28:48,749 |indicates that we have a weak pair like Aussie dollar is showing us here. And you can combine that with a strong pair like in recent days, euro dollar, and
	164	+|163 |00:28:48,749 ~-~-> 00:29:01,679 |then you can get a very strong setup for a buy in euro Ozzy. So it doesn't just limit to just giving you a turning point here, it shows you that this pet this
	165	+|164 |00:29:01,679 ~-~-> 00:29:14,459 |pair of Aussie is underlying the week. And I gave my students and mentorship a cell example before it happened using this criteria here. And they're learning
	166	+|165 |00:29:14,549 ~-~-> 00:29:26,219 |more about that set up that that was not exposed to them in my mentorship, but they're seeing more, you know, underlying narrative behind it. So using this
	167	+|166 |00:29:26,219 ~-~-> 00:29:43,259 |idea, finding underlying the weak currencies and coupling it with a strong currency, we can do something like this, because the euro and I'll take this
	168	+|167 |00:29:43,259 ~-~-> 00:29:56,099 |off. We don't need that. So here's euro, and you're always been trading pretty strong. If we look at that relationship of Aussie dollar being weak, when euro
	169	+|168 |00:29:56,099 ~-~-> 00:30:09,209 |has been strong, that's going to cause a really nice up I move for Euro Aussie, but the run on euro dollar has been essentially 130 hundred 40 pips. That's not
	170	+|169 |00:30:09,209 ~-~-> 00:30:20,429 |bad. But for you freaks out there. When you want to do a couple more legs in your analysis, you'll be able to find times when the Euro Ozzy cross pair will
	171	+|170 |00:30:20,429 ~-~-> 00:30:34,709 |have an outperformance where it moves, one to 300 plus pips. So the question is this, are you going to be comfortable trading? A major, which is like euro
	172	+|171 |00:30:34,709 ~-~-> 00:30:48,689 |dollar pound dollar? The Aussie dollar New Zealand dollar dollar CAD dollar? yen? Are you going to be comfortable trading those majors and not participate in
	173	+|172 |00:30:48,689 ~-~-> 00:30:59,279 |these big moves? settling for reasonable 100 pips or so? Or do you feel like you have to be this type of trader, because that's the next level in your
	174	+|173 |00:30:59,279 ~-~-> 00:31:09,629 |development. Once you understand what I'm showing you in prior discussion with between New Zealand dollar and Aussie dollar, the the highest form of analysis
	175	+|174 |00:31:09,629 ~-~-> 00:31:15,329 |is to find the strongest leadership and institutional sponsorship and all the process.
	176	+|175 |00:31:16,019 ~-~-> 00:31:25,829 |But the crosses only have these pair move like this, when we are in an underlying consolidation as a whole. Like, look at the Dollar Index, the dollar
	177	+|176 |00:31:25,829 ~-~-> 00:31:34,769 |index is consolidating, as doesn't mean it's not moving on lower timeframes, but it's still in a consolidation. So when they put a stranglehold on dollar, your
	178	+|177 |00:31:34,769 ~-~-> 00:31:45,059 |mind as a trader should start thinking, Okay, we are in an area or environment that the crosses are going to have the big moves. There's all kinds of these
	179	+|178 |00:31:45,119 ~-~-> 00:31:52,979 |educators out there to tell you, this is how you use this and you find a bigger move here. And you go here and you do that, and it's fresh in this and tetanus
	180	+|179 |00:31:53,009 ~-~-> 00:32:06,239 |Look, this is the only thing the algorithm does. If the dollar is in consolidation, okay, if it's in an intervention range, okay. If the feds holding
	181	+|180 |00:32:06,659 ~-~-> 00:32:17,069 |dollar in a narrow range, you immediately start going through and finding the strong and the weak pairs using what I showed you here by comparing and
	182	+|181 |00:32:17,069 ~-~-> 00:32:26,249 |contrasting their relative equal highs or relative equal lows, and in which one's the strongest, and then start looking for other pairs that are stronger.
	183	+|182 |00:32:26,669 ~-~-> 00:32:39,389 |Okay, and then find a strong versus a weak currency. And you'll get this type of move here. Now, it's said that when markets are in carry trade mode, where one
	184	+|183 |00:32:39,749 ~-~-> 00:32:51,899 |currency is giving a stronger or higher interest rate, so if you buy that one, and sell basically, because it's what we're doing, we when we buy euro dollar,
	185	+|184 |00:32:52,619 ~-~-> 00:33:01,769 |we're buying euros and selling dollars. In essence, that's what you're essentially doing. But if you look at a currency that has a higher interest
	186	+|185 |00:33:01,769 ~-~-> 00:33:13,289 |rate, and it happens to be the currency that you're buying, and you're selling short, a currency that has the lower interest rate, the common idea is that that
	187	+|186 |00:33:13,289 ~-~-> 00:33:22,469 |is a carry trade idea. And it should keep going up because of the underlying interest rate differential. And that is not always true. And a perfect example,
	188	+|187 |00:33:22,469 ~-~-> 00:33:37,349 |it's looking at Euro dollar this year. So if you go back to euro dollar, and look at it on a daily chart, back in here, this right here this very day here in
	189	+|188 |00:33:37,349 ~-~-> 00:33:45,629 |my mentorship, and folks that are joining in in January, you can go back and listen to my archives, and you'll hear me talk about how if I was making the
	190	+|189 |00:33:45,629 ~-~-> 00:33:55,229 |market for euro dollar, I would just take it below this low here, and then run it above this high here. And eventually we were looking for these over here. And
	191	+|190 |00:33:55,229 ~-~-> 00:34:04,499 |we got all that here. But I'm not here to beat my chest. I know some of you don't like that. But my point is this all through here, if you look at the
	192	+|191 |00:34:04,499 ~-~-> 00:34:15,239 |interest rate differential, you would not have expected this type of move just on the basis of interest rates. Now there are times when you want to be using
	193	+|192 |00:34:15,239 ~-~-> 00:34:27,389 |that interest rate differential where it's a good time to be a buyer with pairing up a strong interest rate, economy and currency versus a low interest
	194	+|193 |00:34:27,389 ~-~-> 00:34:39,929 |rate or weaker economy. And you'll have just really easy trading. We have not had that environment this year because of the illness that's been making its way
	195	+|194 |00:34:39,929 ~-~-> 00:34:50,459 |around the world. And that's all I'm gonna say about that. Okay, but it that has upset a lot of the normal see in the marketplace. And I have learned a great
	196	+|195 |00:34:50,459 ~-~-> 00:35:02,939 |deal in this environment, not new trading techniques. But I've learned a lot about myself as a trader and I'm more risk averse. I've been more risk averse
	197	+|196 |00:35:02,939 ~-~-> 00:35:11,519 |this year than I've ever been. And not just because of the illness, but because it's an election year, all the turmoil and stuff that's going on. And it just,
	198	+|197 |00:35:11,999 ~-~-> 00:35:22,139 |you can't rely on in this environment, I've seen that you can't rely on your typical classical ideas, okay? Because there's people out here that have videos
	199	+|198 |00:35:22,139 ~-~-> 00:35:29,759 |on YouTube, and they're selling the idea that, you know, the interest rate in this markets better. And I'm going to hold this and hold this, okay, you're
	200	+|199 |00:35:29,759 ~-~-> 00:35:40,559 |going to hold this trade, it's going to clean your clock. Because at some point, the dollar did have a higher interest rate. But it was declined, it dropped. And
	201	+|200 |00:35:41,339 ~-~-> 00:35:53,099 |the Euro doesn't have anything, it's like it's nothing. So you can't rely on this type of movement with that type of technique or analysis concept. And it's
	202	+|201 |00:35:53,099 ~-~-> 00:36:04,139 |it doesn't, it doesn't bode well, for expecting the type of moves here. You need to rely on other things. And I relied on in front of my mentorship, the just
	203	+|202 |00:36:04,139 ~-~-> 00:36:05,009 |pure
	204	+|203 |00:36:05,130 ~-~-> 00:36:14,640 |reading of dollar. Okay. And there was periods throughout this year that I was uncertain. To the point where I said, I don't know, I really don't know. And it
	205	+|204 |00:36:14,640 ~-~-> 00:36:23,700 |took a week or two for us to get more information. And then once it showed us then I was back in sync. And I had a good, a good run with everything lining up
	206	+|205 |00:36:23,700 ~-~-> 00:36:34,890 |with what I was expecting. But you can't. And you shouldn't have a lot of expectation, especially this year, because this is not your a typical year like
	207	+|206 |00:36:34,890 ~-~-> 00:36:50,910 |this has been a very challenging year for me, like November 5 will be 28 years I've been doing this. And I don't ever recall the level of difficulty that this
	208	+|207 |00:36:50,910 ~-~-> 00:37:02,910 |year has shown me like I felt like I did when I first started trading many times throughout this year, because I had so many conflicting signals. And while
	209	+|208 |00:37:02,910 ~-~-> 00:37:10,980 |that's not a problem, because usually if I have a conflicting signal, then I'm just going to sit on my hands and do nothing. It's no problem. But because I'm
	210	+|209 |00:37:10,980 ~-~-> 00:37:20,250 |obligated to give my interpretation, and I have to cosign every single time I sit down with my students, I have to make a decision. Whereas I normally
	211	+|210 |00:37:20,280 ~-~-> 00:37:26,700 |wouldn't have to worry about it, I wouldn't be doing anything. And I'm comfortable with that. And that's a normal thing. That's a position and it wins
	212	+|211 |00:37:26,700 ~-~-> 00:37:39,300 |all the time, you don't suffer any loss. But this year, there were a couple times where I was forced to make a determination gun to my head type scenario.
	213	+|212 |00:37:40,080 ~-~-> 00:37:53,550 |And a couple of times I was wrong. I'm still okay for the year a more way more than I'm wrong. I'm right more times than that. But it's still surprising to see
	214	+|213 |00:37:53,640 ~-~-> 00:38:03,750 |how the things I teach still hold up well, even in this environment. So that's what I meant when I said I learned a lot. There's also a greater appreciation
	215	+|214 |00:38:03,750 ~-~-> 00:38:13,770 |for risk for me now. And it may be me getting older, and maybe the fact that I have more people under my wing, and I feel more compelled to talk about risk and
	216	+|215 |00:38:13,770 ~-~-> 00:38:23,070 |managing it better. And I guess it's a good thing all around anyway. But I went down this rabbit trail. And I'm thinking about as I'm talking now. And it was
	217	+|216 |00:38:23,070 ~-~-> 00:38:35,580 |not inside the scope of the discussion. But I just felt like including it. I don't know why. So we're we're here. But if you start looking at closely
	218	+|217 |00:38:35,580 ~-~-> 00:38:47,400 |correlated markets, okay, and you start comparing that a good way of using this approach would be if you look at commodity markets, okay, and you look at the
	219	+|218 |00:38:47,400 ~-~-> 00:39:01,320 |metals, like LOOK AT Gold, look at silver. Generally, you'll see some type of information like what I just showed you here. High Grade copper tend to be a
	220	+|219 |00:39:01,320 ~-~-> 00:39:08,700 |different animal altogether, palladium and platinum. Again, same thing, they have a little bit of a different thing. Back in the 90s. In the 80s, they were a
	221	+|220 |00:39:08,700 ~-~-> 00:39:17,670 |little bit closer and the way they traded. And you could use this tool really easy. But there's been the separation between the metals. It works really well
	222	+|221 |00:39:17,670 ~-~-> 00:39:27,660 |with the grain market. So if you're an agricultural trader that trades commodities, I use this concept to outline soybeans that moved over $10,000 per
	223	+|222 |00:39:27,660 ~-~-> 00:39:37,260 |contract this year. I outlined the setup, outline the framework outline where it was going, and it was using what I just showed you here tonight. Now $10,000 per
	224	+|223 |00:39:37,260 ~-~-> 00:39:52,020 |contract in soybeans is a pretty respectable move. And while corn and wheat went up in sympathy, the leadership was soybeans. And that was the market I mentioned
	225	+|224 |00:39:52,020 ~-~-> 00:40:00,510 |that was the market I said was going to lead that was a market that was going to outperform and it did, so it's not limited to forex. Okay, so when you Have this
	226	+|225 |00:40:00,510 ~-~-> 00:40:09,570 |perception of price and reading it like an X ray view. Behind the scenes, I didn't reach for any indicators here. The only thing I was looking at was
	227	+|226 |00:40:10,590 ~-~-> 00:40:16,620 |reading price how it was going above old highs. So there's a little leg line segment trend lines, okay, they're there just for you to understand what I'm
	228	+|227 |00:40:16,620 ~-~-> 00:40:26,880 |focusing on. But they're not on my charts, when I'm trading. The overlay is just another market. That's not an indicator, I'm just making it show up as an
	229	+|228 |00:40:26,880 ~-~-> 00:40:35,610 |overlay and aligned format. And there it is. Now, you might not like let's go back to Aussie, or actually New Zealand.
	230	+|229 |00:40:41,580 ~-~-> 00:40:49,020 |Okay, and well, I can see hourly chart. And we'll add again, the Aussie dollar.
	231	+|230 |00:40:54,570 ~-~-> 00:41:06,210 |Okay. Now, you might not like this line, being here. And as you move it around, it might shift a little bit, see how it does that. One of the things you can do
	232	+|231 |00:41:06,210 ~-~-> 00:41:14,280 |on trading view, which I just recently found myself, which I thought was interesting, if you go here over here, and you click on this, and you type in or
	233	+|232 |00:41:14,280 ~-~-> 00:41:27,930 |not type and click on the histogram over here and then change and change the opacity. Okay, and there you go. To me, I like this, I actually like this better
	234	+|233 |00:41:27,930 ~-~-> 00:41:41,010 |than the line, because you can see the divergence, the high, lower high in Ozzy, high, higher high in New Zealand, you can see the low, higher low and Ozzy, low,
	235	+|234 |00:41:41,040 ~-~-> 00:41:50,070 |lower low and New Zealand. If you look at a marketplace like this, and you anticipate the market reaching for liquidity below lows, and you see this
	236	+|235 |00:41:50,100 ~-~-> 00:41:58,230 |pattern here that diverges, what that is actually showing and why this works, because you're probably new and you're listening to me saying what is what is
	237	+|236 |00:41:58,230 ~-~-> 00:42:05,130 |the point of this? What is the fact that it's not making a higher high or failing to make a higher high? What is it indicating and was indicating when the
	238	+|237 |00:42:05,160 ~-~-> 00:42:14,130 |Australian dollar is failing to make that lower low here, when the New Zealand dollar made a lower low than it did here? What does that indicating? That is the
	239	+|238 |00:42:14,130 ~-~-> 00:42:25,200 |reason why I said in the beginning of this video, what I'm teaching you will never diminish, it will always be there because just like they were a lot of
	240	+|239 |00:42:25,200 ~-~-> 00:42:36,810 |buying in Australian dollar here. And Australian dollar went higher. It led to a sympathy move on New Zealand dollar to it followed suit. But the crack and
	241	+|240 |00:42:36,810 ~-~-> 00:42:46,800 |correlation between the two which we have a lower low in New Zealand and a higher low in Australian dollar. That's what we're seeing here. This is an SMP
	242	+|241 |00:42:46,800 ~-~-> 00:42:57,180 |divergence that's bullish. What is it saying? It's saying that this currency, the Australian dollar is the stronger of the currency at that moment. And that
	243	+|242 |00:42:57,180 ~-~-> 00:43:08,790 |this run below this low here on this low on New Zealand. This is a stock run. So you can feel confident buying below this low. Because you're buying up sell
	244	+|243 |00:43:08,790 ~-~-> 00:43:21,990 |stops. But you can use this idea and say okay, at this moment here, Australian dollar is strong. At that moment, you would go through the same cycling through
	245	+|244 |00:43:21,990 ~-~-> 00:43:34,350 |your currencies to find a weak currency. And then find a core a correlated forex pair that meets that criteria where all z is strong and a weaker currency is
	246	+|245 |00:43:34,350 ~-~-> 00:43:45,150 |paired up with it. And the underlying bullishness of Australian dollar would lead that currency in this directional premise. Anyway, I gave you a lot in this
	247	+|246 |00:43:45,150 ~-~-> 00:43:55,200 |video. And I probably confused a great deal of you. But that's not what I was intending to do. I love doing this. I love talking about the markets. I love
	248	+|247 |00:43:55,200 ~-~-> 00:44:06,300 |teaching them I love tipping my hand and showing you all outside of my mentorship, things that you might not be thinking of. And I do talk about SMT in
	249	+|248 |00:44:06,300 ~-~-> 00:44:15,450 |this YouTube channel. So don't think I'm dangling a carrot and saying you only have to learn this by going into my mentorship. That's not what I'm doing here.
	250	+|249 |00:44:15,480 ~-~-> 00:44:29,610 |But I am drawing a contrast and you know, a basic differentiation between what we do and what is then provided here for free on YouTube because there's a big
	251	+|250 |00:44:29,610 ~-~-> 00:44:38,760 |gap, okay, but you can find this. And clearly I just added another one to the library here, where you can go in and if the market is in consolidation, and I
	252	+|251 |00:44:38,760 ~-~-> 00:44:48,450 |hope all of you can see that this isn't a range bound market. If you have a range bound market like this, this model works extremely well. And there are
	253	+|252 |00:44:48,450 ~-~-> 00:45:00,000 |models that work well in trending models that you use the SMT for also, but this one I think is like the easiest one ground level entry level student just coming
	254	+|253 |00:45:00,000 ~-~-> 00:45:09,630 |My YouTube channel, this is where they should start, okay, because if you're in a trending environment, it would be better for you not to reach for SMT when the
	255	+|254 |00:45:09,630 ~-~-> 00:45:19,800 |market is trending, because it's going to have less likelihood of creating a setup for you to find it's easy to see where it's when it's range bound, it's
	256	+|255 |00:45:19,800 ~-~-> 00:45:25,170 |easy to see a SMT divergence. But in final point,
	257	+|256 |00:45:26,699 ~-~-> 00:45:36,029 |when the currencies have this relationship, where the Australian dollar was failing to make that lower low here and indicated, a higher low, at the time of
	258	+|257 |00:45:36,029 ~-~-> 00:45:48,779 |the New Zealand dollar made this lower low, that's showing a lot of buying in Australian dollar. They're buying New Zealand dollar too clearly. But the fact
	259	+|258 |00:45:48,779 ~-~-> 00:45:57,659 |that they're not always lockstep with one another, because if the markets were perfect, okay, if they were perfect, that means the Australian dollar would make
	260	+|259 |00:45:57,659 ~-~-> 00:46:05,669 |a lower low here too. And then they would both go higher. And then right here on this higher high on New Zealand, relative to this high here, the Australian
	261	+|260 |00:46:05,669 ~-~-> 00:46:10,439 |dollar should have made a higher high there as well. And if we just go to Australian dollar,
	262	+|261 |00:46:15,420 ~-~-> 00:46:27,180 |you can see it didn't make that. Okay, so there's your relationship between the two and the strong contrast thing, views. But this was indicating there's a lot
	263	+|262 |00:46:27,180 ~-~-> 00:46:42,930 |of selling in Australian dollar. And if that occurs in any asset, it shows you that there is a overwhelming desire, on an institutional level, that the volume
	264	+|263 |00:46:43,320 ~-~-> 00:46:52,800 |of their buying and selling will create these cracks in correlation, or the SMT divergence in itself. Okay, so that's what causes this deviation between the
	265	+|264 |00:46:52,800 ~-~-> 00:47:02,730 |relationships of higher highs and lower lows. If we ever see that occurring, that is the surest sign if you have the profile, correct. And if it's range
	266	+|265 |00:47:02,730 ~-~-> 00:47:14,070 |bound, and that's easy for you, hopefully, it should be easy for you to see this, then you'll be able to have an X ray view and see that the markets are in
	267	+|266 |00:47:14,070 ~-~-> 00:47:24,690 |this point here under heavy distribution, and right here under heavy accumulation. And I use this concept. And I learned it from Larry Williams, it
	268	+|267 |00:47:24,690 ~-~-> 00:47:35,610 |was just his relative strength market analysis. But it was just a real basic introduction to it. And if you look at his book, how I made a million dollars
	269	+|268 |00:47:35,610 ~-~-> 00:47:43,650 |trading commodities, I think everybody should have that book in their library. It's still some things like the the moon phases and stuff, like I don't
	270	+|269 |00:47:43,680 ~-~-> 00:47:58,680 |subscribe to that. But the idea of his intermarket relationships and looking at which contract month the buyer sell, and what market the buyer, so comparing the
	271	+|270 |00:47:58,680 ~-~-> 00:48:07,680 |relative strength between them, not the indicator, RSI, but the, like, I'm comparing the actual price action of New Zealand versus the underlying overlay
	272	+|271 |00:48:07,680 ~-~-> 00:48:18,480 |ahead of Aussie dollar, that relationship between the two. That is, in essence, relative strength analysis, as Larry Williams teaches it. The reason why I say
	273	+|272 |00:48:18,480 ~-~-> 00:48:29,790 |this a smart money technique or smart money tool, I'm not trying to rename his just basic view of his interpretation of it, I found that it occurs at every
	274	+|273 |00:48:29,790 ~-~-> 00:48:37,770 |liquidity pool of any importance. You don't hear him talk about that. He doesn't even mention that in his books. He didn't do I have everything he's ever put
	275	+|274 |00:48:37,770 ~-~-> 00:48:50,670 |out. There's no teaching like this. But I always want to credit, the influencer, that stimulated my thought process, just like he stimulated my whole power
	276	+|275 |00:48:50,670 ~-~-> 00:49:04,380 |three, he stated his weakness of wishing he knew where to buy on the low candles below the opening before it goes up. And I discovered how to do that. So I used
	277	+|276 |00:49:04,380 ~-~-> 00:49:18,510 |his weakness as a pursuit in my life. And I use one of the things that he used for relative strength analysis. And I blended that with Dow Theory. And it
	278	+|277 |00:49:18,510 ~-~-> 00:49:25,410 |started making sense to me, it's like, you know, if the market is going to have these internal turning points, that major intermediate term highs and lows.
	279	+|278 |00:49:26,760 ~-~-> 00:49:36,390 |There should be some kind of signature there some kind of fingerprint, some kind of reoccurring phenomenon that I need to decipher what that is. And this is what
	280	+|279 |00:49:36,390 ~-~-> 00:49:47,520 |I found. It's always there in a range bound market. It's in specific places in trending environments, but I'm not teaching that here. And it's something that
	281	+|280 |00:49:47,520 ~-~-> 00:50:00,000 |relies on multiple supportive theories and concepts to make it usable, okay? It's not like this where it's pretty cut and dry. But I want you to understand
	282	+|281 |00:50:00,000 ~-~-> 00:50:11,820 |That there's a way for you to see real accumulation and real distribution. And you can see it by looking at just the price. No indicators, none whatsoever.
	283	+|282 |00:50:11,850 ~-~-> 00:50:32,100 |Now, if I put that chart back up over top of the New Zealand dollar, and I change it to the histogram if I was on Instagram, okay, and I did something like
	284	+|283 |00:50:32,100 ~-~-> 00:50:44,250 |this, and I masked this over here, so you couldn't see that that was the overlay. People would flip out, oh, he's using an indicator. It's not, I'm using
	285	+|284 |00:50:44,250 ~-~-> 00:50:56,610 |price, price will tell you everything. And the relationships between the two, here's Australian dollar, and I'm going to close this video. Here's that lower
	286	+|285 |00:50:56,610 ~-~-> 00:51:00,090 |high, while the New Zealand dollar
	287	+|286 |00:51:06,060 ~-~-> 00:51:16,320 |makes the higher high. So that's the cracking correlation, whenever you see this, that's indicating, on a grand scale, that heavy distributions coming into
	288	+|287 |00:51:16,320 ~-~-> 00:51:24,240 |the marketplace. So if heavy distribution is coming in, how do we know that because the Australian dollar is unable to make that higher high, like the New
	289	+|288 |00:51:24,240 ~-~-> 00:51:32,460 |Zealand is, so they're selling heavily? Australian dollar. So why are they selling Australian dollar heavy? Because they believe it's going to go lower?
	290	+|289 |00:51:33,870 ~-~-> 00:51:45,150 |Why is it going to go lower? Because they're pricing it lower? Okay. It's controlled, 100% controlled. So if you reverse that theory, why is New Zealand
	291	+|290 |00:51:45,150 ~-~-> 00:51:56,010 |dollar going up, it's to knock out the traders that are using this as resistance, clearing their stops, and then it drops. Okay, so I gave you lots of
	292	+|291 |00:51:56,010 ~-~-> 00:52:06,720 |different ways to skin this cat. But I taught you again how to use the X ray view of using price action alone, no indicators, none whatsoever. And you can
	293	+|292 |00:52:06,720 ~-~-> 00:52:15,240 |get a better read on accumulation and distribution. And the manipulation that takes place at key times one of those key times when the markets range bound,
	294	+|293 |00:52:15,480 ~-~-> 00:52:26,310 |and it goes above relative equal highs. Look for the s&p divergence when that happens. You either are confident to trade the higher high market or wait for it
	295	+|294 |00:52:26,310 ~-~-> 00:52:39,000 |to break down and get the breaker and then write it to a level of sells on liquidity. That my friends is a complete 100% from beginning to end price action
	296	+|295 |00:52:39,000 ~-~-> 00:52:52,500 |model. You can use this on any timeframe. You can use this in commodities, you can use it in Well, clearly forex and you can use it for any type of trading,
	297	+|296 |00:52:52,980 ~-~-> 00:53:05,730 |intraday, day trading, short term trading, swing trading, long term position trading, it's 100% scalable, and you can do this multiple times a week. It's
	298	+|297 |00:53:05,760 ~-~-> 00:53:13,230 |there all the time. Don't believe me. I want you to go on your charts and look for it. So until I talk to you next time, I wish you good luck and good trading
4	4
5		-2
6		-00:00:19,709 ~-~-> 00:00:26,039
7		-on intraday swing trading. And I'm gonna highlight a few
8		-
9		-3
10		-00:00:26,039 ~-~-> 00:00:29,369
11		-things here that you can start to look for in your own price
12		-
13		-4
14		-00:00:29,369 ~-~-> 00:00:33,509
15		-action study and look at past price swings. And you'll start
16		-
17		-5
18		-00:00:33,509 ~-~-> 00:00:36,389
19		-seeing what I'm outlining here. So that we will develop your
20		-
21		-6
22		-00:00:36,389 ~-~-> 00:00:43,979
23		-perception about smart money technique, or SMT. So, what is
24		-
25		-7
26		-00:00:43,979 ~-~-> 00:00:48,329
27		-that? Well, when we look at price action in any timeframe,
28		-
29		-8
30		-00:00:48,359 ~-~-> 00:00:51,119
31		-then we're only focusing on the one hour chart for this
32		-
33		-9
34		-00:00:51,119 ~-~-> 00:00:55,259
35		-example, but it's applicable to all timeframes. When we look
36		-
37		-10
38		-00:00:55,259 ~-~-> 00:01:00,809
39		-for key swings in the marketplace, invariably, the traders
40		-
41		-11
42		-00:01:00,839 ~-~-> 00:01:04,889
43		-that are indoctrinated in trading, they will use
44		-
45		-12
46		-00:01:05,159 ~-~-> 00:01:10,019
47		-oscillators, stochastic RSI, CCI MACD something to that
48		-
49		-13
50		-00:01:10,019 ~-~-> 00:01:15,539
51		-effect. And while I don't subscribe to that view, I
52		-
53		-14
54		-00:01:15,539 ~-~-> 00:01:19,739
55		-initially was thrusted into that myopic view of price
56		-
57		-15
58		-00:01:19,739 ~-~-> 00:01:27,029
59		-action. I want to kind of stimulate your, your imagination
60		-
61		-16
62		-00:01:27,029 ~-~-> 00:01:33,149
63		-on how you can just rely on price to give you that
64		-
65		-17
66		-00:01:33,149 ~-~-> 00:01:37,889
67		-perception, that gives us the idea of divergence. Okay, I
68		-
69		-18
70		-00:01:37,889 ~-~-> 00:01:41,429
71		-guess when I first started in the 90s, as soon as I saw
72		-
73		-19
74		-00:01:41,429 ~-~-> 00:01:44,849
75		-stochastic indicator, and the books were saying, look, every
76		-
77		-20
78		-00:01:44,849 ~-~-> 00:01:48,449
79		-time I made a higher high in price, and the stochastic
80		-
81		-21
82		-00:01:48,479 ~-~-> 00:01:52,169
83		-failed to make a higher high and it diverged, it sold off?
84		-
85		-22
86		-00:01:52,619 ~-~-> 00:01:56,609
87		-Well, naturally. That's the thing I was looking for all it
88		-
89		-23
90		-00:01:56,609 ~-~-> 00:01:59,009
91		-was all along, I knew, that's when I saw that I was the
92		-
93		-24
94		-00:01:59,009 ~-~-> 00:02:01,949
95		-thing I wanted. And then when I started trading in that in a
96		-
97		-25
98		-00:02:01,949 ~-~-> 00:02:08,339
99		-Live account, it just kept going up, and up and up. So while
100		-
101		-26
102		-00:02:08,339 ~-~-> 00:02:14,309
103		-there are times when indicators will flag a setup, the
104		-
105		-27
106		-00:02:14,309 ~-~-> 00:02:18,329
107		-problem with that is the creators of these indicators and
108		-
109		-28
110		-00:02:18,329 ~-~-> 00:02:23,189
111		-the authors and the promoters of them in their pet models or
112		-
113		-29
114		-00:02:23,189 ~-~-> 00:02:27,599
115		-systems. They don't really go into a great detail on or at
116		-
117		-30
118		-00:02:27,599 ~-~-> 00:02:34,859
119		-least not in the vein of accuracy. When do you When do you
120		-
121		-31
122		-00:02:34,889 ~-~-> 00:02:38,849
123		-apply them to the chart accurately that that's, that's the
124		-
125		-32
126		-00:02:38,849 ~-~-> 00:02:46,139
127		-thing that I discovered early on. That no real educator has
128		-
129		-33
130		-00:02:46,139 ~-~-> 00:02:48,959
131		-the appropriate placement for these indicators, because
132		-
133		-34
134		-00:02:48,959 ~-~-> 00:02:52,979
135		-they're relying on support and resistance in a classic
136		-
137		-35
138		-00:02:52,979 ~-~-> 00:02:57,929
139		-sense. And then the overbought, oversold in the classic
140		-
141		-36
142		-00:02:57,929 ~-~-> 00:03:01,709
143		-sense, and then applying the divergence. When it's like
144		-
145		-37
146		-00:03:01,709 ~-~-> 00:03:04,439
147		-that, when you don't have an understanding of the narrative,
148		-
149		-38
150		-00:03:04,559 ~-~-> 00:03:07,469
151		-like what market profile Are you trading in? Are you in a
152		-
153		-39
154		-00:03:07,469 ~-~-> 00:03:10,019
155		-trending environment? Are you in a range bound environment
156		-
157		-40
158		-00:03:10,559 ~-~-> 00:03:14,849
159		-and range bound environments? Generally, oscillators will do
160		-
161		-41
162		-00:03:14,849 ~-~-> 00:03:18,509
163		-very well if you're looking at the trade divergence. But
164		-
165		-42
166		-00:03:18,509 ~-~-> 00:03:21,449
167		-don't let me entice you into thinking that Okay, now he just
168		-
169		-43
170		-00:03:21,449 ~-~-> 00:03:24,209
171		-gave us the invitation, start using indicators. Because if
172		-
173		-44
174		-00:03:24,209 ~-~-> 00:03:29,219
175		-you're a student of mine, we shun all that stuff, because
176		-
177		-45
178		-00:03:29,219 ~-~-> 00:03:32,189
179		-it's a distraction from the actual price itself. Because
180		-
181		-46
182		-00:03:32,189 ~-~-> 00:03:35,279
183		-price will give you everything you need. The open high, low
184		-
185		-47
186		-00:03:35,279 ~-~-> 00:03:40,199
187		-and close is all that is necessary. Smart Money,
188		-
189		-48
190		-00:03:41,219 ~-~-> 00:03:47,699
191		-institutional order flow, the brains behind these price
192		-
193		-49
194		-00:03:47,699 ~-~-> 00:03:52,949
195		-moves cannot hide their footprints, they cannot do it, it's
196		-
197		-50
198		-00:03:52,949 ~-~-> 00:03:56,939
199		-impossible for them to do it. And I just want to put this in
200		-
201		-51
202		-00:03:56,939 ~-~-> 00:04:00,029
203		-here as another little bullet point because I'm getting
204		-
205		-52
206		-00:04:00,029 ~-~-> 00:04:06,359
207		-hammered by new students reaching out to me. And the common
208		-
209		-53
210		-00:04:06,359 ~-~-> 00:04:09,779
211		-fear is if I'm teaching this, is it going to stop working?
212		-
213		-54
214		-00:04:10,439 ~-~-> 00:04:13,409
215		-And let me just briefly speak on it for about a minute or
216		-
217		-55
218		-00:04:13,409 ~-~-> 00:04:14,969
219		-two and then we'll go right into the heart of this lesson.
220		-
221		-56
222		-00:04:16,349 ~-~-> 00:04:20,219
223		-Anything that I'm teaching, whether it be here or in my
224		-
225		-57
226		-00:04:20,219 ~-~-> 00:04:25,019
227		-private mentorship, it is not going to change, okay, because
228		-
229		-58
230		-00:04:25,019 ~-~-> 00:04:30,839
231		-it's rooted in the basis that the large order flows that
232		-
233		-59
234		-00:04:30,839 ~-~-> 00:04:39,059
235		-exchange between the central banks, the large producers or
236		-
237		-60
238		-00:04:39,569 ~-~-> 00:04:47,669
239		-creators of commodities. These entities are in lockstep with
240		-
241		-61
242		-00:04:47,789 ~-~-> 00:04:53,939
243		-large fund traders. I'm not considered a large fund trader,
244		-
245		-62
246		-00:04:54,029 ~-~-> 00:04:58,739
247		-I've traded large funds, but I'm not considered a large fund
248		-
249		-63
250		-00:04:58,769 ~-~-> 00:05:02,489
251		-trader. So I'm not a Commercial trader, okay. And I'm not a
252		-
253		-64
254		-00:05:02,489 ~-~-> 00:05:07,259
255		-large fund trader, in the sense that we look at Commitment
256		-
257		-65
258		-00:05:07,259 ~-~-> 00:05:08,999
259		-of Traders data. So
260		-
261		-66
262		-00:05:10,530 ~-~-> 00:05:13,740
263		-that relationship between these two parties the commercials,
264		-
265		-67
266		-00:05:13,920 ~-~-> 00:05:16,860
267		-which will deem that as the central banks if we're gonna
268		-
269		-68
270		-00:05:16,860 ~-~-> 00:05:22,950
271		-refer to currencies, okay, in deference to forex, so but
272		-
273		-69
274		-00:05:22,950 ~-~-> 00:05:25,620
275		-it's not limited to forex, it's the same thing across your
276		-
277		-70
278		-00:05:25,620 ~-~-> 00:05:33,570
279		-stock indices, everything. So because their marriage, okay
280		-
281		-71
282		-00:05:33,570 ~-~-> 00:05:38,760
283		-and dance between the ebbs and flow of the marketplace, the
284		-
285		-72
286		-00:05:38,760 ~-~-> 00:05:42,960
287		-commercials pair up with the large fund traders. And they're
288		-
289		-73
290		-00:05:42,960 ~-~-> 00:05:47,700
291		-always diametrically opposed. So when the large fund traders
292		-
293		-74
294		-00:05:47,700 ~-~-> 00:05:51,870
295		-are bullish, and they're buying long term trends, the
296		-
297		-75
298		-00:05:52,350 ~-~-> 00:05:56,520
299		-commercial traders are providing that liquidity to be
300		-
301		-76
302		-00:05:56,520 ~-~-> 00:05:59,730
303		-counterparty and they have deeper pockets, they can write
304		-
305		-77
306		-00:05:59,730 ~-~-> 00:06:03,510
307		-out those long drawn out moves, because they understand that
308		-
309		-78
310		-00:06:03,510 ~-~-> 00:06:08,220
311		-it's going to eventually revert back to the main. So if we
312		-
313		-79
314		-00:06:08,220 ~-~-> 00:06:13,590
315		-apply that thought process to the question or concern that
316		-
317		-80
318		-00:06:13,590 ~-~-> 00:06:17,910
319		-many of you have, it's going to stop working, it's not going
320		-
321		-81
322		-00:06:17,910 ~-~-> 00:06:23,670
323		-to stop working. Because to say that means that large trade
324		-
325		-82
326		-00:06:24,480 ~-~-> 00:06:27,750
327		-between commercial entities and large fund traders is going
328		-
329		-83
330		-00:06:27,750 ~-~-> 00:06:33,390
331		-to disappear. And that's not going to happen. so badly if if
332		-
333		-84
334		-00:06:33,390 ~-~-> 00:06:37,110
335		-that happens to disappear, if there's no large commercial
336		-
337		-85
338		-00:06:37,110 ~-~-> 00:06:39,930
339		-producer of anything, or a central bank stops becoming a
340		-
341		-86
342		-00:06:39,930 ~-~-> 00:06:48,030
343		-central bank, and they stop managing large funds, okay, then
344		-
345		-87
346		-00:06:48,030 ~-~-> 00:06:50,580
347		-we have bigger problems to worry about. But as long as those
348		-
349		-88
350		-00:06:50,580 ~-~-> 00:06:54,630
351		-two entities exist, the things I teach on, are never going
352		-
353		-89
354		-00:06:54,630 ~-~-> 00:06:59,790
355		-to diminish, they're not going to stop working, and they're
356		-
357		-90
358		-00:06:59,790 ~-~-> 00:07:03,420
359		-not going to fail, okay? It does not mean that you as the
360		-
361		-91
362		-00:07:03,420 ~-~-> 00:07:07,710
363		-speculator will not interpret it incorrectly, because you
364		-
365		-92
366		-00:07:07,710 ~-~-> 00:07:10,620
367		-are human, just like I'm human, I can make a mistake just as
368		-
369		-93
370		-00:07:10,620 ~-~-> 00:07:14,640
371		-well as anyone else. So don't think that anything that I
372		-
373		-94
374		-00:07:14,640 ~-~-> 00:07:17,760
375		-teach or have taught or will teach in the future, has an
376		-
377		-95
378		-00:07:17,760 ~-~-> 00:07:21,870
379		-expiration date on it, because it doesn't. Alright, so with
380		-
381		-96
382		-00:07:21,870 ~-~-> 00:07:25,260
383		-this lesson gonna talk on Well, if you've been a student of
384		-
385		-97
386		-00:07:25,260 ~-~-> 00:07:27,330
387		-mine for a number of years, you are not going to be
388		-
389		-98
390		-00:07:27,330 ~-~-> 00:07:29,220
391		-surprised by what I'm going to talk about. But I want to
392		-
393		-99
394		-00:07:29,220 ~-~-> 00:07:33,900
395		-give you some framework to try to build in some perception
396		-
397		-100
398		-00:07:33,990 ~-~-> 00:07:36,720
399		-of how you can go and look at price. Now everyone, everyone
400		-
401		-101
402		-00:07:36,720 ~-~-> 00:07:40,740
403		-knows that my pet pairs are fiber and cable, which is euro
404		-
405		-102
406		-00:07:40,740 ~-~-> 00:07:43,860
407		-dollar and British Pound versus US dollar. And I couple that
408		-
409		-103
410		-00:07:43,860 ~-~-> 00:07:47,850
411		-with the dollar index. So that's my triad, I look at those
412		-
413		-104
414		-00:07:47,850 ~-~-> 00:07:54,180
415		-three markets to get my bias, my analysis, my weekly profile
416		-
417		-105
418		-00:07:54,210 ~-~-> 00:07:57,030
419		-I'm looking to trade in or my daily profile to day trade in.
420		-
421		-106
422		-00:07:57,600 ~-~-> 00:08:02,880
423		-And I don't need to do anything else. So if I want to be a
424		-
425		-107
426		-00:08:02,880 ~-~-> 00:08:06,540
427		-deviant, then I will trade dollar CAD, which in recent
428		-
429		-108
430		-00:08:06,570 ~-~-> 00:08:11,280
431		-months have been really lackluster, I haven't had a lot of
432		-
433		-109
434		-00:08:11,430 ~-~-> 00:08:15,120
435		-interest in that pair. But I will sometimes go to Australian
436		-
437		-110
438		-00:08:15,120 ~-~-> 00:08:21,120
439		-dollar and or New Zealand dollar. But it requires something
440		-
441		-111
442		-00:08:21,750 ~-~-> 00:08:26,400
443		-very dry in price action for a euro and cable for me to come
444		-
445		-112
446		-00:08:26,430 ~-~-> 00:08:29,670
447		-out of those two pairs of find something else. And it's
448		-
449		-113
450		-00:08:29,730 ~-~-> 00:08:32,610
451		-usually in instances where I'm really pushing hard, which is
452		-
453		-114
454		-00:08:32,610 ~-~-> 00:08:35,730
455		-not a good thing to do. But because I'm an educator, I like
456		-
457		-115
458		-00:08:35,730 ~-~-> 00:08:39,300
459		-to use examples outside of my two pet pairs. Because just
460		-
461		-116
462		-00:08:39,300 ~-~-> 00:08:41,340
463		-like the question of will these things stop working? Because
464		-
465		-117
466		-00:08:41,340 ~-~-> 00:08:45,270
467		-I'm teaching it on a large scale? No, that won't. But does
468		-
469		-118
470		-00:08:45,270 ~-~-> 00:08:50,580
471		-it work in other pairs. And it makes me smile, because I
472		-
473		-119
474		-00:08:50,580 ~-~-> 00:08:53,580
475		-used to think that way too. It only works on special
476		-
477		-120
478		-00:08:53,580 ~-~-> 00:08:56,670
479		-markets. And it works on every pair and works on every asset
480		-
481		-121
482		-00:08:56,670 ~-~-> 00:09:01,890
483		-class. Okay, so just understand what I'm sharing here. It's
484		-
485		-122
486		-00:09:01,890 ~-~-> 00:09:06,540
487		-very powerful, but you need to study it and compare old
488		-
489		-123
490		-00:09:06,570 ~-~-> 00:09:10,500
491		-price moves. And you'll really appreciate how strong it is.
492		-
493		-124
494		-00:09:10,980 ~-~-> 00:09:13,770
495		-But we're looking at a range bound market here and without
496		-
497		-125
498		-00:09:13,770 ~-~-> 00:09:18,870
499		-reaching for an oscillator, like stochastic MACD or RSI to
500		-
501		-126
502		-00:09:18,870 ~-~-> 00:09:22,200
503		-look for overbought, oversold and divergence, we can look at
504		-
505		-127
506		-00:09:22,200 ~-~-> 00:09:23,070
507		-just price action.
508		-
509		-128
510		-00:09:24,720 ~-~-> 00:09:27,300
511		-We have equal Highs over here. So everyone in the retail
512		-
513		-129
514		-00:09:27,300 ~-~-> 00:09:30,960
515		-universe is going to say hey, look, this is resistance. So
516		-
517		-130
518		-00:09:30,960 ~-~-> 00:09:34,560
519		-therefore it's stopped here stopped here and traded lower.
520		-
521		-131
522		-00:09:34,560 ~-~-> 00:09:37,320
523		-When it trades back up to what should happen. It should hit
524		-
525		-132
526		-00:09:37,320 ~-~-> 00:09:41,220
527		-that level that imaginary level and it should go down. But
528		-
529		-133
530		-00:09:41,220 ~-~-> 00:09:45,660
531		-it goes up a little bit higher. trades lower. starts to do
532		-
533		-134
534		-00:09:45,660 ~-~-> 00:09:48,810
535		-the same thing here that it did here. So we're seeing equal
536		-
537		-135
538		-00:09:48,810 ~-~-> 00:09:52,950
539		-highs. Equal highs or as I call them relative equal highs.
540		-
541		-136
542		-00:09:53,610 ~-~-> 00:09:58,680
543		-So between this high in this high and this high in this high
544		-
545		-137
546		-00:09:59,220 ~-~-> 00:10:05,550
547		-we can end participate by stops to form and start pulling.
548		-
549		-138
550		-00:10:05,880 ~-~-> 00:10:10,770
551		-And the words start to collect or gather just above these
552		-
553		-139
554		-00:10:10,770 ~-~-> 00:10:14,010
555		-highs, because traders that want to buy on a breakout, they
556		-
557		-140
558		-00:10:14,010 ~-~-> 00:10:17,160
559		-think buying strength, like it broke out here, they have
560		-
561		-141
562		-00:10:17,190 ~-~-> 00:10:20,670
563		-orders to trip them in the marketplace to go long. And their
564		-
565		-142
566		-00:10:20,670 ~-~-> 00:10:25,380
567		-stop loss will be below some low down here. Or traders that
568		-
569		-143
570		-00:10:25,380 ~-~-> 00:10:28,470
571		-have been looking at the idea that this is resistance. And
572		-
573		-144
574		-00:10:28,470 ~-~-> 00:10:30,750
575		-now this is resistance, and they're trying to sell it,
576		-
577		-145
578		-00:10:30,960 ~-~-> 00:10:33,540
579		-because I don't know about you. But when I first started
580		-
581		-146
582		-00:10:33,540 ~-~-> 00:10:37,620
583		-trading, I believe that everybody that was making big money
584		-
585		-147
586		-00:10:37,650 ~-~-> 00:10:41,880
587		-was selling tops and buying bottoms. And I soon found out
588		-
589		-148
590		-00:10:41,880 ~-~-> 00:10:45,600
591		-that that's not true. They're buying after the move
592		-
593		-149
594		-00:10:45,690 ~-~-> 00:10:48,930
595		-establishes itself and trades to a level that's highly
596		-
597		-150
598		-00:10:48,930 ~-~-> 00:10:52,440
599		-probable. And they're getting the large portion in between
600		-
601		-151
602		-00:10:52,470 ~-~-> 00:10:55,620
603		-the turning points. And it took a long time for me to get to
604		-
605		-152
606		-00:10:55,620 ~-~-> 00:11:00,030
607		-that point where I was content with that, and I stopped
608		-
609		-153
610		-00:11:00,030 ~-~-> 00:11:05,250
611		-chasing these endless pursuits of perfection. Now, it's not
612		-
613		-154
614		-00:11:05,250 ~-~-> 00:11:07,950
615		-to say that my obsessive compulsive disorder, which is what
616		-
617		-155
618		-00:11:07,950 ~-~-> 00:11:11,850
619		-I live with and wrestle with, doesn't flare up, and I look
620		-
621		-156
622		-00:11:11,850 ~-~-> 00:11:15,780
623		-for certain things that is unreasonable for the average
624		-
625		-157
626		-00:11:15,780 ~-~-> 00:11:19,530
627		-trader. But that's also been a blessing and not just a
628		-
629		-158
630		-00:11:19,530 ~-~-> 00:11:23,160
631		-curse, because it's helped me pursue things that would
632		-
633		-159
634		-00:11:23,160 ~-~-> 00:11:25,440
635		-otherwise would have never made its way into the community
636		-
637		-160
638		-00:11:25,440 ~-~-> 00:11:31,380
639		-and analysis or technical analysis concepts. So when we look
640		-
641		-161
642		-00:11:31,380 ~-~-> 00:11:34,560
643		-at these levels here, just understand that as it creates
644		-
645		-162
646		-00:11:34,560 ~-~-> 00:11:38,130
647		-these relative equal highs, they are signatures that I teach
648		-
649		-163
650		-00:11:38,130 ~-~-> 00:11:41,400
651		-my students to look for. Now, there are instances where
652		-
653		-164
654		-00:11:41,460 ~-~-> 00:11:44,730
655		-trading above these levels, it goes right to it and then
656		-
657		-165
658		-00:11:44,730 ~-~-> 00:11:49,050
659		-reverses. Other times, it's a continuation to go higher,
660		-
661		-166
662		-00:11:49,260 ~-~-> 00:11:52,230
663		-that, again, is narrative that is not going to be within the
664		-
665		-167
666		-00:11:52,230 ~-~-> 00:11:54,750
667		-scope of the teaching here. But you're going to be able to
668		-
669		-168
670		-00:11:54,750 ~-~-> 00:11:57,990
671		-look back in your old trades. And maybe if you look at
672		-
673		-169
674		-00:11:57,990 ~-~-> 00:12:01,050
675		-trades where you've lost, and it was stopped out or went the
676		-
677		-170
678		-00:12:01,050 ~-~-> 00:12:03,630
679		-other way, you're going to discover you're probably trading
680		-
681		-171
682		-00:12:03,630 ~-~-> 00:12:06,870
683		-counter to what I'm going to show you here. But
684		-
685		-172
686		-00:12:07,830 ~-~-> 00:12:13,680
687		-there is a way of measuring divergence, okay, and the price
688		-
689		-173
690		-00:12:13,680 ~-~-> 00:12:17,910
691		-action. And the way I do it is I put a closely correlated
692		-
693		-174
694		-00:12:17,910 ~-~-> 00:12:21,210
695		-market with the market, I'm looking to trade, and I just
696		-
697		-175
698		-00:12:21,210 ~-~-> 00:12:25,320
699		-overlay it. So Alright, so you start by having an underlying
700		-
701		-176
702		-00:12:25,350 ~-~-> 00:12:29,910
703		-premise, what should the market be reacting to? Why should
704		-
705		-177
706		-00:12:29,910 ~-~-> 00:12:33,510
707		-it be reacting to it, in the sense that it gives you a buy
708		-
709		-178
710		-00:12:33,510 ~-~-> 00:12:37,530
711		-or sell scenario? In other words, what is your bias? What
712		-
713		-179
714		-00:12:37,530 ~-~-> 00:12:40,050
715		-are you anticipating happening once price trades to a
716		-
717		-180
718		-00:12:40,050 ~-~-> 00:12:42,630
719		-particular price level? Well, as I mentioned, here, we have
720		-
721		-181
722		-00:12:42,630 ~-~-> 00:12:46,890
723		-Basilicata here and here, and the market trades up and then
724		-
725		-182
726		-00:12:47,130 ~-~-> 00:12:51,360
727		-breaks down. Now there's two schools of thought here, you
728		-
729		-183
730		-00:12:51,360 ~-~-> 00:12:55,740
731		-can be the trader that is down here buying and exits above
732		-
733		-184
734		-00:12:55,800 ~-~-> 00:12:59,070
735		-these levels. And there's nothing wrong with that. Or you
736		-
737		-185
738		-00:12:59,070 ~-~-> 00:13:02,040
739		-could be a trader that wants to trade above these levels
740		-
741		-186
742		-00:13:02,040 ~-~-> 00:13:06,330
743		-here and look to go short. Now that might be a little
744		-
745		-187
746		-00:13:06,330 ~-~-> 00:13:08,340
747		-frightening for you, especially if you're a new trader or
748		-
749		-188
750		-00:13:08,340 ~-~-> 00:13:12,510
751		-new student, it feels uncomfortable, because the markets
752		-
753		-189
754		-00:13:12,510 ~-~-> 00:13:15,510
755		-been going up. And your natural tendency is to believe that
756		-
757		-190
758		-00:13:15,510 ~-~-> 00:13:19,020
759		-it's going to continue going up. And if you look at your
760		-
761		-191
762		-00:13:19,020 ~-~-> 00:13:22,650
763		-trades that you lost money on, I guarantee you, especially
764		-
765		-192
766		-00:13:22,650 ~-~-> 00:13:26,730
767		-if you're a new student, or a new trader, you were trying to
768		-
769		-193
770		-00:13:26,730 ~-~-> 00:13:30,120
771		-buy something that has already been going up for a length of
772		-
773		-194
774		-00:13:30,120 ~-~-> 00:13:33,210
775		-time. Okay, now, what's your buying, like in here thinking
776		-
777		-195
778		-00:13:33,210 ~-~-> 00:13:35,730
779		-it's going to keep going up cuz it's a bull flag. We've
780		-
781		-196
782		-00:13:35,730 ~-~-> 00:13:38,250
783		-already went above this. Suppose that resistance and
784		-
785		-197
786		-00:13:38,250 ~-~-> 00:13:41,130
787		-refining some support level here, supposedly, and it starts
788		-
789		-198
790		-00:13:41,130 ~-~-> 00:13:45,060
791		-to move higher, and you chase it. everyone's done that every
792		-
793		-199
794		-00:13:45,060 ~-~-> 00:13:51,210
795		-single trader has always done that stupid mistake of chasing
796		-
797		-200
798		-00:13:51,210 ~-~-> 00:13:55,050
799		-price in some silly early stage of their development. They
800		-
801		-201
802		-00:13:55,050 ~-~-> 00:13:58,020
803		-did that everyone did that. There's no reason to feel silly,
804		-
805		-202
806		-00:13:58,200 ~-~-> 00:14:01,290
807		-to the point where you beat yourself up about it. But it's
808		-
809		-203
810		-00:14:01,380 ~-~-> 00:14:03,510
811		-something you got to smile about. Now look back saying, you
812		-
813		-204
814		-00:14:03,510 ~-~-> 00:14:06,090
815		-know, I'm glad we don't do those things anymore. But if
816		-
817		-205
818		-00:14:06,090 ~-~-> 00:14:08,310
819		-you're a new student, and you're still falling victim to
820		-
821		-206
822		-00:14:08,310 ~-~-> 00:14:09,750
823		-that this lesson is going to give you a different
824		-
825		-207
826		-00:14:09,750 ~-~-> 00:14:13,740
827		-perspective. And how to fight that tendency of chasing price
828		-
829		-208
830		-00:14:13,740 ~-~-> 00:14:18,330
831		-because we don't like to buy above old highs. That's a rule
832		-
833		-209
834		-00:14:18,330 ~-~-> 00:14:23,040
835		-right away in your notes you should have never buy above old
836		-
837		-210
838		-00:14:23,040 ~-~-> 00:14:25,890
839		-highs and onwards if we just traded above old highs. We
840		-
841		-211
842		-00:14:25,890 ~-~-> 00:14:30,120
843		-can't take new Long's there that they can't happen just as
844		-
845		-212
846		-00:14:30,120 ~-~-> 00:14:36,600
847		-well. We can't sell short below old lows. We can't do that.
848		-
849		-213
850		-00:14:37,200 ~-~-> 00:14:40,620
851		-Because above old highs, there's bias out liquidity that's
852		-
853		-214
854		-00:14:40,620 ~-~-> 00:14:45,930
855		-buy stops. You're entering like the retail trader does. You
856		-
857		-215
858		-00:14:45,930 ~-~-> 00:14:49,620
859		-have buy interest there. When we as institutionally minded
860		-
861		-216
862		-00:14:49,620 ~-~-> 00:14:54,450
863		-traders are not looking at that. With the buying interest.
864		-
865		-217
866		-00:14:54,750 ~-~-> 00:14:58,530
867		-We're either looking for it to offer a counterparty and
868		-
869		-218
870		-00:14:58,530 ~-~-> 00:15:01,890
871		-we're going to sell short to those buyers. interests, or
872		-
873		-219
874		-00:15:01,890 ~-~-> 00:15:06,060
875		-want to wait to see if it drops away from that level. And
876		-
877		-220
878		-00:15:06,060 ~-~-> 00:15:09,240
879		-that's the more conservative approach. And there's nothing
880		-
881		-221
882		-00:15:09,240 ~-~-> 00:15:11,070
883		-wrong with that either. And the way you would do that, and
884		-
885		-222
886		-00:15:11,070 ~-~-> 00:15:16,920
887		-this is just one instance of how you can do it, you find a
888		-
889		-223
890		-00:15:16,920 ~-~-> 00:15:29,100
891		-breaker, the breaker is essentially this high to that low in
892		-
893		-224
894		-00:15:29,100 ~-~-> 00:15:33,780
895		-this low up to this higher high. Can you see that? So it's
896		-
897		-225
898		-00:15:33,780 ~-~-> 00:15:38,580
899		-this pattern. So what you want to do is train your eyes to
900		-
901		-226
902		-00:15:38,580 ~-~-> 00:15:41,310
903		-look at that last down closed candle, because that last down
904		-
905		-227
906		-00:15:41,310 ~-~-> 00:15:48,960
907		-close candle is the actual new future resistance level. It's
908		-
909		-228
910		-00:15:49,380 ~-~-> 00:15:54,600
911		-not ambiguous. It's not a question of which low do I use
912		-
913		-229
914		-00:15:54,600 ~-~-> 00:15:58,230
915		-here, because every one of these lows it in some way, shape
916		-
917		-230
918		-00:15:58,230 ~-~-> 00:16:02,010
919		-or form, educator or a teacher will say, it's this one, it's
920		-
921		-231
922		-00:16:02,010 ~-~-> 00:16:07,350
923		-that one. The fact that we had this run higher clearing
924		-
925		-232
926		-00:16:07,740 ~-~-> 00:16:12,300
927		-these highs, this particular candle, right did that one down
928		-
929		-233
930		-00:16:12,300 ~-~-> 00:16:15,600
931		-close candle, I mean, take this out, move it away just one
932		-
933		-234
934		-00:16:15,600 ~-~-> 00:16:17,670
935		-little bit. Alright, so you can see the heavy down closed
936		-
937		-235
938		-00:16:17,670 ~-~-> 00:16:21,990
939		-candle there. That candle is the actual bearish ICT breaker.
940		-
941		-236
942		-00:16:23,580 ~-~-> 00:16:29,130
943		-When market trades below that low, we wait for the trade
944		-
945		-237
946		-00:16:29,130 ~-~-> 00:16:32,640
947		-back up into it. Once it trades back up into it, then you
948		-
949		-238
950		-00:16:32,640 ~-~-> 00:16:37,350
951		-could look for to trade to what the low that formed prior to
952		-
953		-239
954		-00:16:37,350 ~-~-> 00:16:39,930
955		-this retracement. That in itself
956		-
957		-240
958		-00:16:40,350 ~-~-> 00:16:46,590
959		-is a complete trading model. By itself, it is all one of you
960		-
961		-241
962		-00:16:46,800 ~-~-> 00:16:49,680
963		-out here listening to me is all that you're ever going to
964		-
965		-242
966		-00:16:49,680 ~-~-> 00:16:53,850
967		-need to do in trading. And you can find this pattern on five
968		-
969		-243
970		-00:16:53,850 ~-~-> 00:16:58,110
971		-minute charts, 15 minute charts, for our charts, eight hour
972		-
973		-244
974		-00:16:58,110 ~-~-> 00:17:01,740
975		-charts, daily charts, weekly charts, monthly charts. And you
976		-
977		-245
978		-00:17:01,740 ~-~-> 00:17:07,200
979		-can frame that whole model on the timeframe in duration that
980		-
981		-246
982		-00:17:07,200 ~-~-> 00:17:10,380
983		-you would like to trade in relative to that timeframe. If
984		-
985		-247
986		-00:17:10,380 ~-~-> 00:17:13,500
987		-you want a lot of setups, you can trade them on a 15 minute,
988		-
989		-248
990		-00:17:14,730 ~-~-> 00:17:19,140
991		-multiple times a week on a 15 minute chart, it's not going
992		-
993		-249
994		-00:17:19,140 ~-~-> 00:17:24,000
995		-to offer a huge amount of pips because it's framed on this
996		-
997		-250
998		-00:17:24,000 ~-~-> 00:17:27,660
999		-movement here. And you're selling short at a logical level.
1000		-
1001		-251
1002		-00:17:28,800 ~-~-> 00:17:31,860
1003		-And you're going to take profits below the low that foreigns
1004		-
1005		-252
1006		-00:17:31,860 ~-~-> 00:17:37,350
1007		-prior to that return to the breaker. Okay, so once this
1008		-
1009		-253
1010		-00:17:37,350 ~-~-> 00:17:41,790
1011		-occurs, once you go below this low, you're out, you're done.
1012		-
1013		-254
1014		-00:17:42,600 ~-~-> 00:17:46,500
1015		-Or if you have framed this whole thing, on the basis that
1016		-
1017		-255
1018		-00:17:46,500 ~-~-> 00:17:49,890
1019		-it's a little bit longer term setup, then you can take off
1020		-
1021		-256
1022		-00:17:49,890 ~-~-> 00:17:53,730
1023		-some portion, I don't know, I don't want to say too much
1024		-
1025		-257
1026		-00:17:53,730 ~-~-> 00:17:56,040
1027		-here and try to drive too much of your decision making
1028		-
1029		-258
1030		-00:17:56,040 ~-~-> 00:17:59,820
1031		-process. But you could say, say take off half, okay, or more
1032		-
1033		-259
1034		-00:17:59,820 ~-~-> 00:18:03,210
1035		-than half below this low as it trades below it. And then you
1036		-
1037		-260
1038		-00:18:03,210 ~-~-> 00:18:06,630
1039		-leave a stop that's reasonable locking in something, then
1040		-
1041		-261
1042		-00:18:06,630 ~-~-> 00:18:10,020
1043		-you let the remainder trade. And if it can go lower, you'll
1044		-
1045		-262
1046		-00:18:10,020 ~-~-> 00:18:12,930
1047		-be able to participate in that and then keep scaling out as
1048		-
1049		-263
1050		-00:18:12,930 ~-~-> 00:18:18,000
1051		-it keeps going lower. But initially, when you first start to
1052		-
1053		-264
1054		-00:18:18,000 ~-~-> 00:18:20,580
1055		-look for things like this, you want to try to take all of
1056		-
1057		-265
1058		-00:18:20,580 ~-~-> 00:18:23,910
1059		-your profit here because you want to train yourself to feel
1060		-
1061		-266
1062		-00:18:23,910 ~-~-> 00:18:28,560
1063		-comfortable, engaging number one, and then clearing the
1064		-
1065		-267
1066		-00:18:28,560 ~-~-> 00:18:35,220
1067		-trade with a profit banking banking completely. If you see
1068		-
1069		-268
1070		-00:18:35,220 ~-~-> 00:18:39,180
1071		-this pattern in hindsight, and you study you want to print
1072		-
1073		-269
1074		-00:18:39,240 ~-~-> 00:18:42,330
1075		-out or at least screen capture and save these in your
1076		-
1077		-270
1078		-00:18:42,330 ~-~-> 00:18:45,330
1079		-electronic journal. Okay, so every one of you in this
1080		-
1081		-271
1082		-00:18:45,360 ~-~-> 00:18:49,110
1083		-community should have a study journal, if you just watch my
1084		-
1085		-272
1086		-00:18:49,110 ~-~-> 00:18:52,170
1087		-videos, or if you just watch my videos and just go to your
1088		-
1089		-273
1090		-00:18:52,170 ~-~-> 00:18:56,010
1091		-charts and look and don't make any annotations, don't screen
1092		-
1093		-274
1094		-00:18:56,010 ~-~-> 00:18:59,310
1095		-capture anything, you're wasting your time. You clearly are
1096		-
1097		-275
1098		-00:18:59,310 ~-~-> 00:19:01,920
1099		-wasting your time and you're not gonna be able to develop in
1100		-
1101		-276
1102		-00:19:02,310 ~-~-> 00:19:09,150
1103		-you're looking at ICT is forex Netflix? And listen. That's
1104		-
1105		-277
1106		-00:19:09,150 ~-~-> 00:19:12,450
1107		-not equivalent to learning how to do it yourself. You have
1108		-
1109		-278
1110		-00:19:12,450 ~-~-> 00:19:15,840
1111		-to train yourself. And that only happens by practicing and
1112		-
1113		-279
1114		-00:19:15,840 ~-~-> 00:19:20,280
1115		-putting the work into it. But what about in these relative
1116		-
1117		-280
1118		-00:19:20,280 ~-~-> 00:19:24,810
1119		-equal highs? What can we see to anticipate these turning
1120		-
1121		-281
1122		-00:19:24,810 ~-~-> 00:19:30,990
1123		-points? Well, you can go to the Compare tab. Put in this
1124		-
1125		-282
1126		-00:19:30,990 ~-~-> 00:19:34,170
1127		-pair here is the New Zealand dollar. So a closely correlated
1128		-
1129		-283
1130		-00:19:34,170 ~-~-> 00:19:42,930
1131		-pair would be Aussie dollar Alright, so here's the
1132		-
1133		-284
1134		-00:19:42,930 ~-~-> 00:19:47,310
1135		-Australian dollar. And I want you to look at how price we
1136		-
1137		-285
1138		-00:19:47,310 ~-~-> 00:19:50,520
1139		-had these relative equal highs. The market trades higher and
1140		-
1141		-286
1142		-00:19:50,520 ~-~-> 00:19:54,060
1143		-look even the Australian dollars making higher highs. See
1144		-
1145		-287
1146		-00:19:54,060 ~-~-> 00:19:59,070
1147		-all this this commutative line. That's basically the price
1148		-
1149		-288
1150		-00:19:59,070 ~-~-> 00:20:02,010
1151		-action for me Take this away as you can see it, that's
1152		-
1153		-289
1154		-00:20:02,010 ~-~-> 00:20:05,190
1155		-essentially the price action for Ozzy versus the US dollar.
1156		-
1157		-290
1158		-00:20:06,120 ~-~-> 00:20:12,030
1159		-Now, if we put New Zealand price back on it, look at how the
1160		-
1161		-291
1162		-00:20:12,030 ~-~-> 00:20:16,500
1163		-high in New Zealand went higher here. But look at the highs
1164		-
1165		-292
1166		-00:20:16,590 ~-~-> 00:20:21,090
1167		-comparably. In the Australian dollar, it was lower on par,
1168		-
1169		-293
1170		-00:20:21,180 ~-~-> 00:20:26,400
1171		-you see that? That is my SMT divergence, okay, or smart
1172		-
1173		-294
1174		-00:20:26,400 ~-~-> 00:20:29,940
1175		-money technique or smart money tool. However, when usable
1176		-
1177		-295
1178		-00:20:29,970 ~-~-> 00:20:33,780
1179		-spend always been abbreviated as SMT. There's a lot of
1180		-
1181		-296
1182		-00:20:33,780 ~-~-> 00:20:36,360
1183		-people on Instagram, a lot of people on the internet that's
1184		-
1185		-297
1186		-00:20:36,360 ~-~-> 00:20:40,920
1187		-created supposedly courses around it. And they'll show you
1188		-
1189		-298
1190		-00:20:40,920 ~-~-> 00:20:45,390
1191		-examples, but they don't ever have the narrative ahead of
1192		-
1193		-299
1194		-00:20:45,540 ~-~-> 00:20:48,420
1195		-the curve, where they're looking for the SMT divergence
1196		-
1197		-300
1198		-00:20:48,420 ~-~-> 00:20:51,750
1199		-before it happens. Like you never see them do a video where
1200		-
1201		-301
1202		-00:20:51,780 ~-~-> 00:20:55,860
1203		-they use it before it forms. And then the trade goes there.
1204		-
1205		-302
1206		-00:20:56,100 ~-~-> 00:20:59,850
1207		-It's always this perfect excuse of in hindsight, okay, but
1208		-
1209		-303
1210		-00:21:00,120 ~-~-> 00:21:02,790
1211		-when you first learn how to do it, or look for it,
1212		-
1213		-304
1214		-00:21:02,820 ~-~-> 00:21:06,120
1215		-obviously, like anything else, you have to see it in
1216		-
1217		-305
1218		-00:21:06,120 ~-~-> 00:21:08,310
1219		-hindsight, and this is how I'm teaching you how to look for
1220		-
1221		-306
1222		-00:21:08,310 ~-~-> 00:21:15,690
1223		-it. There are several examples of SMT divergence per week.
1224		-
1225		-307
1226		-00:21:16,500 ~-~-> 00:21:18,930
1227		-And if you drop into 15 minute time frames, you get a lot
1228		-
1229		-308
1230		-00:21:18,930 ~-~-> 00:21:21,810
1231		-more of them. And in five minute charts, you get, again, a
1232		-
1233		-309
1234		-00:21:21,810 ~-~-> 00:21:24,870
1235		-lot more of them. But just because there's a divergence
1236		-
1237		-310
1238		-00:21:24,870 ~-~-> 00:21:28,710
1239		-between the relationships of the highs, like here's the
1240		-
1241		-311
1242		-00:21:28,710 ~-~-> 00:21:32,970
1243		-higher high in New Zealand, and the lower high in Aussie
1244		-
1245		-312
1246		-00:21:32,970 ~-~-> 00:21:36,360
1247		-dollar. Just because it does that
1248		-
1249		-313
1250		-00:21:38,220 ~-~-> 00:21:42,630
1251		-doesn't necessarily mean there's going to be a trade, you
1252		-
1253		-314
1254		-00:21:42,630 ~-~-> 00:21:45,930
1255		-have to have, like I was showing you moments ago, before I
1256		-
1257		-315
1258		-00:21:45,960 ~-~-> 00:21:50,760
1259		-included the Australian dollar overlay is you have these
1260		-
1261		-316
1262		-00:21:50,790 ~-~-> 00:21:53,400
1263		-understandings that the buy side liquidity is going to be
1264		-
1265		-317
1266		-00:21:53,400 ~-~-> 00:21:57,810
1267		-tapped. Now, you may not know that it's going to go up here
1268		-
1269		-318
1270		-00:21:58,020 ~-~-> 00:22:01,650
1271		-and reverse, you don't need to know that. Okay, that's the
1272		-
1273		-319
1274		-00:22:01,680 ~-~-> 00:22:04,470
1275		-benefit of having the understanding of my breaker pattern,
1276		-
1277		-320
1278		-00:22:05,340 ~-~-> 00:22:09,060
1279		-you are just going to simply wait. And believe me,
1280		-
1281		-321
1282		-00:22:10,200 ~-~-> 00:22:12,960
1283		-initially, you look at these types of trades here and say,
1284		-
1285		-322
1286		-00:22:12,960 ~-~-> 00:22:15,930
1287		-Wow, I want to sell up here. And I want to get out down
1288		-
1289		-323
1290		-00:22:15,930 ~-~-> 00:22:19,950
1291		-here, I want to sell here and get out down here. And okay,
1292		-
1293		-324
1294		-00:22:19,950 ~-~-> 00:22:23,490
1295		-that's fine. But you have to graduate into that, no one's
1296		-
1297		-325
1298		-00:22:23,610 ~-~-> 00:22:25,920
1299		-going to just step out here in trading, watch a couple
1300		-
1301		-326
1302		-00:22:25,920 ~-~-> 00:22:29,790
1303		-videos or read a book, or go to a seminar, buy course, and
1304		-
1305		-327
1306		-00:22:29,790 ~-~-> 00:22:32,340
1307		-go out there and start doing that it just doesn't happen.
1308		-
1309		-328
1310		-00:22:32,370 ~-~-> 00:22:37,890
1311		-You have to really train yourself gradually modularly to get
1312		-
1313		-329
1314		-00:22:37,890 ~-~-> 00:22:40,770
1315		-to that point. And the easiest training wheels to get to
1316		-
1317		-330
1318		-00:22:40,770 ~-~-> 00:22:43,950
1319		-that is using the breaker pattern, that means learn to
1320		-
1321		-331
1322		-00:22:43,950 ~-~-> 00:22:47,640
1323		-anticipate this high forming and then reject, but don't
1324		-
1325		-332
1326		-00:22:47,640 ~-~-> 00:22:51,810
1327		-trade that yet. Once it breaks down, you know, all you're
1328		-
1329		-333
1330		-00:22:51,810 ~-~-> 00:22:53,760
1331		-going to do is wait for this candle to get traded back up to
1332		-
1333		-334
1334		-00:22:54,420 ~-~-> 00:22:59,910
1335		-right here. Once it trades back up into the breaker, you're
1336		-
1337		-335
1338		-00:22:59,910 ~-~-> 00:23:05,760
1339		-going to frame a short that has the stop loss above the
1340		-
1341		-336
1342		-00:23:05,760 ~-~-> 00:23:10,170
1343		-breaker candle. You have to have closed candle in here,
1344		-
1345		-337
1346		-00:23:10,200 ~-~-> 00:23:13,680
1347		-that's a bearish order block, a close candle a closed
1348		-
1349		-338
1350		-00:23:13,680 ~-~-> 00:23:18,060
1351		-candle, so your stop has to be above this candle. Because
1352		-
1353		-339
1354		-00:23:18,060 ~-~-> 00:23:23,730
1355		-you're comparing the order block with the location of the
1356		-
1357		-340
1358		-00:23:23,730 ~-~-> 00:23:26,850
1359		-breaker, the order block gives you a little bit higher, yes,
1360		-
1361		-341
1362		-00:23:27,180 ~-~-> 00:23:30,840
1363		-doesn't have to be a big stop. But as it trades up into this
1364		-
1365		-342
1366		-00:23:30,840 ~-~-> 00:23:33,120
1367		-level, you're going to be looking for a stop loss above
1368		-
1369		-343
1370		-00:23:33,120 ~-~-> 00:23:35,760
1371		-that. And then you don't have to worry about it. If you get
1372		-
1373		-344
1374		-00:23:35,760 ~-~-> 00:23:37,710
1375		-stopped out, you get stopped out you did it wrong. It's a
1376		-
1377		-345
1378		-00:23:37,710 ~-~-> 00:23:40,080
1379		-wrong selection on the trade. And there's no reason for you
1380		-
1381		-346
1382		-00:23:40,080 ~-~-> 00:23:42,330
1383		-to going out there trying to avoid every losing trade.
1384		-
1385		-347
1386		-00:23:42,600 ~-~-> 00:23:45,510
1387		-That's also a problem with new traders because I did that
1388		-
1389		-348
1390		-00:23:45,510 ~-~-> 00:23:48,180
1391		-stuff too. You're going to lose, okay, there's no reason for
1392		-
1393		-349
1394		-00:23:48,180 ~-~-> 00:23:52,320
1395		-you to worry about losing if you have a sound model. And
1396		-
1397		-350
1398		-00:23:52,320 ~-~-> 00:23:57,330
1399		-this is a sound model like this is the complete model. You
1400		-
1401		-351
1402		-00:23:57,330 ~-~-> 00:23:59,730
1403		-don't need to do anything else. But look for these types of
1404		-
1405		-352
1406		-00:23:59,730 ~-~-> 00:24:04,230
1407		-setups. And they form weekly, every single week, this
1408		-
1409		-353
1410		-00:24:04,230 ~-~-> 00:24:08,880
1411		-pattern forms, but you have to know what you're looking for.
1412		-
1413		-354
1414		-00:24:08,880 ~-~-> 00:24:10,200
1415		-And the only way you're gonna know what you're looking for
1416		-
1417		-355
1418		-00:24:10,200 ~-~-> 00:24:14,760
1419		-is by repetitive study, taking snapshots of your own charts
1420		-
1421		-356
1422		-00:24:14,820 ~-~-> 00:24:17,910
1423		-with your own annotations. And what's that mean? Like I have
1424		-
1425		-357
1426		-00:24:17,940 ~-~-> 00:24:20,790
1427		-these little markers here. And maybe in these areas over
1428		-
1429		-358
1430		-00:24:20,790 ~-~-> 00:24:23,790
1431		-here, you can put some additional notes like how many
1432		-
1433		-359
1434		-00:24:24,360 ~-~-> 00:24:26,970
1435		-candles did it take to get up to this level here after it
1436		-
1437		-360
1438		-00:24:26,970 ~-~-> 00:24:31,500
1439		-broke. Because when you see this breakdown like that, the
1440		-
1441		-361
1442		-00:24:31,500 ~-~-> 00:24:34,230
1443		-first thing is I want to get right back to this this candle
1444		-
1445		-362
1446		-00:24:34,230 ~-~-> 00:24:37,470
1447		-here if you understand my breaker and you don't necessarily
1448		-
1449		-363
1450		-00:24:37,470 ~-~-> 00:24:39,780
1451		-know how to submit to the amount of time that can take
1452		-
1453		-364
1454		-00:24:39,780 ~-~-> 00:24:42,510
1455		-place. So when you do your screen captures in your study
1456		-
1457		-365
1458		-00:24:42,510 ~-~-> 00:24:45,390
1459		-journal, you want to record how much time it takes from the
1460		-
1461		-366
1462		-00:24:45,420 ~-~-> 00:24:48,660
1463		-initiation of the setup which once it trades below this low
1464		-
1465		-367
1466		-00:24:49,170 ~-~-> 00:24:54,990
1467		-here that sets the stage for okay now your setup is the next
1468		-
1469		-368
1470		-00:24:56,760 ~-~-> 00:25:02,760
1471		-action point. Okay, the next process The natural order of
1472		-
1473		-369
1474		-00:25:03,330 ~-~-> 00:25:07,170
1475		-the trade process. So this sets the stage, now you are in
1476		-
1477		-370
1478		-00:25:07,170 ~-~-> 00:25:09,570
1479		-waiting mode, what are you waiting for it needs to trade
1480		-
1481		-371
1482		-00:25:09,570 ~-~-> 00:25:13,020
1483		-back up into that candle. How long does it take to do that,
1484		-
1485		-372
1486		-00:25:13,530 ~-~-> 00:25:16,770
1487		-because it takes several days to get to it. Because it's an
1488		-
1489		-373
1490		-00:25:16,770 ~-~-> 00:25:19,410
1491		-hourly chart, sometimes it can happen within the same day.
1492		-
1493		-374
1494		-00:25:20,700 ~-~-> 00:25:26,220
1495		-But until you appreciate him any varying examples, there's
1496		-
1497		-375
1498		-00:25:26,250 ~-~-> 00:25:31,320
1499		-going to be you have to submit to that time. And it's real
1500		-
1501		-376
1502		-00:25:31,320 ~-~-> 00:25:36,990
1503		-impatient. For a new trader, or as a new trader is
1504		-
1505		-377
1506		-00:25:36,990 ~-~-> 00:25:39,840
1507		-impatient, I say that should say it like that, for the
1508		-
1509		-378
1510		-00:25:39,840 ~-~-> 00:25:43,890
1511		-setup, and sometimes they just lose their mind, because they
1512		-
1513		-379
1514		-00:25:43,890 ~-~-> 00:25:45,840
1515		-want to get in there and do it, they want to take the trade.
1516		-
1517		-380
1518		-00:25:46,380 ~-~-> 00:25:48,810
1519		-But this is the benefit of going through your charts
1520		-
1521		-381
1522		-00:25:48,810 ~-~-> 00:25:51,630
1523		-yourself and the markets that you'd like to follow. And
1524		-
1525		-382
1526		-00:25:51,630 ~-~-> 00:25:56,100
1527		-you'll see by capturing examples like this, you'll be able
1528		-
1529		-383
1530		-00:25:56,100 ~-~-> 00:25:58,680
1531		-to see how many opportunities have formed over a week or a
1532		-
1533		-384
1534		-00:25:58,680 ~-~-> 00:26:02,610
1535		-month, and how much time it takes from when the setup is
1536		-
1537		-385
1538		-00:26:02,610 ~-~-> 00:26:07,350
1539		-initiated to its actual formation? How much of a stoploss Do
1540		-
1541		-386
1542		-00:26:07,350 ~-~-> 00:26:10,800
1543		-you need to use? And how much does it offer in terms of
1544		-
1545		-387
1546		-00:26:10,800 ~-~-> 00:26:12,660
1547		-pips, so
1548		-
1549		-388
1550		-00:26:13,769 ~-~-> 00:26:18,959
1551		-by itself, again, this is all some of you will ever require,
1552		-
1553		-389
1554		-00:26:19,169 ~-~-> 00:26:21,779
1555		-you would never need to buy a course, you would never need
1556		-
1557		-390
1558		-00:26:21,779 ~-~-> 00:26:24,719
1559		-to watch another ICT video, I know you're not gonna do that
1560		-
1561		-391
1562		-00:26:24,719 ~-~-> 00:26:27,059
1563		-you're gonna keep watching videos. But the point is, is you
1564		-
1565		-392
1566		-00:26:27,059 ~-~-> 00:26:30,239
1567		-don't need to do it. Okay, you'll be doing it just because
1568		-
1569		-393
1570		-00:26:30,239 ~-~-> 00:26:34,499
1571		-you like it. But as far as knowing what to look for, for
1572		-
1573		-394
1574		-00:26:34,499 ~-~-> 00:26:38,339
1575		-some of you, this is all you ever need. But the point is
1576		-
1577		-395
1578		-00:26:38,339 ~-~-> 00:26:41,699
1579		-this, you have to look at the relationships, again, with
1580		-
1581		-396
1582		-00:26:41,789 ~-~-> 00:26:45,449
1583		-correlated pairs, or correlated markets. The fact that the
1584		-
1585		-397
1586		-00:26:45,449 ~-~-> 00:26:48,719
1587		-Australian dollar, okay, see how it's made that lower high
1588		-
1589		-398
1590		-00:26:48,719 ~-~-> 00:26:51,869
1591		-here relative to this high, whereas the New Zealand dollar
1592		-
1593		-399
1594		-00:26:51,869 ~-~-> 00:26:55,859
1595		-high here, it has a slightly higher high, whenever this
1596		-
1597		-400
1598		-00:26:55,859 ~-~-> 00:27:01,409
1599		-occurs in price action, okay, this is indicating that
1600		-
1601		-401
1602		-00:27:01,409 ~-~-> 00:27:06,419
1603		-there's a lot of selling going on in Australian dollar. The
1604		-
1605		-402
1606		-00:27:06,419 ~-~-> 00:27:09,899
1607		-fact that the Australian dollar was not able to get back up,
1608		-
1609		-403
1610		-00:27:10,169 ~-~-> 00:27:13,319
1611		-and trade above its old high like the New Zealand dollar did
1612		-
1613		-404
1614		-00:27:13,319 ~-~-> 00:27:18,809
1615		-here, it's tipping its hand that these two pairs are likely
1616		-
1617		-405
1618		-00:27:18,809 ~-~-> 00:27:23,999
1619		-to go down. Because they're closely correlated. If we see
1620		-
1621		-406
1622		-00:27:23,999 ~-~-> 00:27:28,229
1623		-that the Australian dollar is having the lower high form, or
1624		-
1625		-407
1626		-00:27:28,229 ~-~-> 00:27:31,109
1627		-it's failing to make that, then what that means to me as a
1628		-
1629		-408
1630		-00:27:31,109 ~-~-> 00:27:33,389
1631		-trader is that we're running above these relative equal
1632		-
1633		-409
1634		-00:27:33,389 ~-~-> 00:27:37,469
1635		-highs. And this is a fake out. This is just a run on stops,
1636		-
1637		-410
1638		-00:27:37,709 ~-~-> 00:27:41,459
1639		-and anticipate a rejection or a reversal. And then you get
1640		-
1641		-411
1642		-00:27:41,459 ~-~-> 00:27:48,839
1643		-it here. So the underlying, I guess, signature here is you
1644		-
1645		-412
1646		-00:27:48,839 ~-~-> 00:27:51,779
1647		-want to look for relative equal highs, here in a
1648		-
1649		-413
1650		-00:27:51,779 ~-~-> 00:27:54,929
1651		-consolidating market, and then look at a closely correlated
1652		-
1653		-414
1654		-00:27:54,929 ~-~-> 00:27:59,219
1655		-asset, no words if, say, the candlestick chart portion of
1656		-
1657		-415
1658		-00:27:59,219 ~-~-> 00:28:03,749
1659		-this example was British pound. And the red overlay was euro
1660		-
1661		-416
1662		-00:28:03,749 ~-~-> 00:28:08,039
1663		-dollar. If that occurred here, the same would be expected.
1664		-
1665		-417
1666		-00:28:08,459 ~-~-> 00:28:12,179
1667		-Okay. So euro dollar and cable are very closely correlated
1668		-
1669		-418
1670		-00:28:12,449 ~-~-> 00:28:14,909
1671		-pairs, not all the time, sometimes there's a cracking
1672		-
1673		-419
1674		-00:28:14,909 ~-~-> 00:28:18,239
1675		-correlation. But generally, they move pretty close to one
1676		-
1677		-420
1678		-00:28:18,239 ~-~-> 00:28:24,239
1679		-pillar. When it doesn't exist like that, then you have
1680		-
1681		-421
1682		-00:28:24,239 ~-~-> 00:28:29,969
1683		-trades in like euro pound, when you have the markets in
1684		-
1685		-422
1686		-00:28:29,969 ~-~-> 00:28:37,019
1687		-consolidation as a whole, and we see this pattern here. This
1688		-
1689		-423
1690		-00:28:37,049 ~-~-> 00:28:41,189
1691		-also indicates that we have a weak pair like Aussie dollar
1692		-
1693		-424
1694		-00:28:41,399 ~-~-> 00:28:45,209
1695		-is showing us here. And you can combine that with a strong
1696		-
1697		-425
1698		-00:28:45,209 ~-~-> 00:28:49,649
1699		-pair like in recent days, euro dollar, and then you can get
1700		-
1701		-426
1702		-00:28:49,919 ~-~-> 00:28:56,519
1703		-a very strong setup for a buy in euro Ozzy. So it doesn't
1704		-
1705		-427
1706		-00:28:56,519 ~-~-> 00:29:00,659
1707		-just limit to just giving you a turning point here, it shows
1708		-
1709		-428
1710		-00:29:00,659 ~-~-> 00:29:03,629
1711		-you that this pet this pair of Aussie is underlying the
1712		-
1713		-429
1714		-00:29:03,629 ~-~-> 00:29:09,359
1715		-week. And I gave my students and mentorship a cell example
1716		-
1717		-430
1718		-00:29:10,079 ~-~-> 00:29:13,799
1719		-before it happened using this criteria here. And they're
1720		-
1721		-431
1722		-00:29:13,799 ~-~-> 00:29:17,309
1723		-learning more about that set up that that was not exposed to
1724		-
1725		-432
1726		-00:29:17,309 ~-~-> 00:29:20,939
1727		-them in my mentorship, but they're seeing more, you know,
1728		-
1729		-433
1730		-00:29:21,059 ~-~-> 00:29:28,049
1731		-underlying narrative behind it. So using this idea, finding
1732		-
1733		-434
1734		-00:29:28,199 ~-~-> 00:29:32,999
1735		-underlying the weak currencies and coupling it with a strong
1736		-
1737		-435
1738		-00:29:32,999 ~-~-> 00:29:37,589
1739		-currency, we can do something like this, because the euro
1740		-
1741		-436
1742		-00:29:42,449 ~-~-> 00:29:46,829
1743		-and I'll take this off. We don't need that. So here's euro,
1744		-
1745		-437
1746		-00:29:47,129 ~-~-> 00:29:51,539
1747		-and you're always been trading pretty strong. If we look at
1748		-
1749		-438
1750		-00:29:51,539 ~-~-> 00:29:56,279
1751		-that relationship of Aussie dollar being weak, when euro has
1752		-
1753		-439
1754		-00:29:56,279 ~-~-> 00:30:00,749
1755		-been strong, that's going to cause a really nice up I move
1756		-
1757		-440
1758		-00:30:00,779 ~-~-> 00:30:05,759
1759		-for Euro Aussie, but the run on euro dollar has been
1760		-
1761		-441
1762		-00:30:05,789 ~-~-> 00:30:11,819
1763		-essentially 130 hundred 40 pips. That's not bad. But for you
1764		-
1765		-442
1766		-00:30:11,819 ~-~-> 00:30:15,809
1767		-freaks out there. When you want to do a couple more legs in
1768		-
1769		-443
1770		-00:30:15,809 ~-~-> 00:30:18,449
1771		-your analysis, you'll be able to find times when the Euro
1772		-
1773		-444
1774		-00:30:18,449 ~-~-> 00:30:23,339
1775		-Ozzy cross pair will have an outperformance where it moves,
1776		-
1777		-445
1778		-00:30:24,119 ~-~-> 00:30:31,259
1779		-one to 300 plus pips. So the question is this, are you going
1780		-
1781		-446
1782		-00:30:31,259 ~-~-> 00:30:34,709
1783		-to be comfortable trading? A major, which is like euro
1784		-
1785		-447
1786		-00:30:34,709 ~-~-> 00:30:38,789
1787		-dollar pound dollar? The Aussie dollar New Zealand dollar
1788		-
1789		-448
1790		-00:30:38,849 ~-~-> 00:30:44,909
1791		-dollar CAD dollar? yen? Are you going to be comfortable
1792		-
1793		-449
1794		-00:30:44,909 ~-~-> 00:30:49,589
1795		-trading those majors and not participate in these big moves?
1796		-
1797		-450
1798		-00:30:51,209 ~-~-> 00:30:55,499
1799		-settling for reasonable 100 pips or so? Or do you feel like
1800		-
1801		-451
1802		-00:30:55,499 ~-~-> 00:30:58,469
1803		-you have to be this type of trader, because that's the next
1804		-
1805		-452
1806		-00:30:58,469 ~-~-> 00:31:00,629
1807		-level in your development. Once you understand what I'm
1808		-
1809		-453
1810		-00:31:00,629 ~-~-> 00:31:05,519
1811		-showing you in prior discussion with between New Zealand
1812		-
1813		-454
1814		-00:31:05,519 ~-~-> 00:31:09,629
1815		-dollar and Aussie dollar, the the highest form of analysis
1816		-
1817		-455
1818		-00:31:09,629 ~-~-> 00:31:13,499
1819		-is to find the strongest leadership and institutional
1820		-
1821		-456
1822		-00:31:13,499 ~-~-> 00:31:15,329
1823		-sponsorship and all the process.
1824		-
1825		-457
1826		-00:31:16,019 ~-~-> 00:31:20,219
1827		-But the crosses only have these pair move like this, when we
1828		-
1829		-458
1830		-00:31:20,219 ~-~-> 00:31:24,719
1831		-are in an underlying consolidation as a whole. Like, look at
1832		-
1833		-459
1834		-00:31:24,719 ~-~-> 00:31:27,719
1835		-the Dollar Index, the dollar index is consolidating, as
1836		-
1837		-460
1838		-00:31:27,719 ~-~-> 00:31:30,359
1839		-doesn't mean it's not moving on lower timeframes, but it's
1840		-
1841		-461
1842		-00:31:30,359 ~-~-> 00:31:33,329
1843		-still in a consolidation. So when they put a stranglehold on
1844		-
1845		-462
1846		-00:31:33,329 ~-~-> 00:31:37,949
1847		-dollar, your mind as a trader should start thinking, Okay,
1848		-
1849		-463
1850		-00:31:38,369 ~-~-> 00:31:41,639
1851		-we are in an area or environment that the crosses are going
1852		-
1853		-464
1854		-00:31:41,639 ~-~-> 00:31:45,629
1855		-to have the big moves. There's all kinds of these educators
1856		-
1857		-465
1858		-00:31:45,629 ~-~-> 00:31:49,049
1859		-out there to tell you, this is how you use this and you find
1860		-
1861		-466
1862		-00:31:49,049 ~-~-> 00:31:51,449
1863		-a bigger move here. And you go here and you do that, and
1864		-
1865		-467
1866		-00:31:51,449 ~-~-> 00:31:55,469
1867		-it's fresh in this and tetanus Look, this is the only thing
1868		-
1869		-468
1870		-00:31:55,469 ~-~-> 00:32:01,289
1871		-the algorithm does. If the dollar is in consolidation, okay,
1872		-
1873		-469
1874		-00:32:01,289 ~-~-> 00:32:06,239
1875		-if it's in an intervention range, okay. If the feds holding
1876		-
1877		-470
1878		-00:32:06,659 ~-~-> 00:32:11,999
1879		-dollar in a narrow range, you immediately start going
1880		-
1881		-471
1882		-00:32:11,999 ~-~-> 00:32:15,419
1883		-through and finding the strong and the weak pairs using what
1884		-
1885		-472
1886		-00:32:15,419 ~-~-> 00:32:18,269
1887		-I showed you here by comparing and contrasting their
1888		-
1889		-473
1890		-00:32:18,269 ~-~-> 00:32:21,479
1891		-relative equal highs or relative equal lows, and in which
1892		-
1893		-474
1894		-00:32:21,479 ~-~-> 00:32:24,869
1895		-one's the strongest, and then start looking for other pairs
1896		-
1897		-475
1898		-00:32:24,929 ~-~-> 00:32:28,739
1899		-that are stronger. Okay, and then find a strong versus a
1900		-
1901		-476
1902		-00:32:28,739 ~-~-> 00:32:32,759
1903		-weak currency. And you'll get this type of move here. Now,
1904		-
1905		-477
1906		-00:32:32,789 ~-~-> 00:32:38,039
1907		-it's said that when markets are in carry trade mode, where
1908		-
1909		-478
1910		-00:32:38,639 ~-~-> 00:32:45,029
1911		-one currency is giving a stronger or higher interest rate,
1912		-
1913		-479
1914		-00:32:45,419 ~-~-> 00:32:49,439
1915		-so if you buy that one, and sell basically, because it's
1916		-
1917		-480
1918		-00:32:49,439 ~-~-> 00:32:53,309
1919		-what we're doing, we when we buy euro dollar, we're buying
1920		-
1921		-481
1922		-00:32:53,309 ~-~-> 00:32:56,069
1923		-euros and selling dollars. In essence, that's what you're
1924		-
1925		-482
1926		-00:32:56,069 ~-~-> 00:33:01,139
1927		-essentially doing. But if you look at a currency that has a
1928		-
1929		-483
1930		-00:33:01,139 ~-~-> 00:33:04,109
1931		-higher interest rate, and it happens to be the currency that
1932		-
1933		-484
1934		-00:33:04,109 ~-~-> 00:33:08,369
1935		-you're buying, and you're selling short, a currency that has
1936		-
1937		-485
1938		-00:33:08,369 ~-~-> 00:33:13,709
1939		-the lower interest rate, the common idea is that that is a
1940		-
1941		-486
1942		-00:33:13,709 ~-~-> 00:33:17,309
1943		-carry trade idea. And it should keep going up because of the
1944		-
1945		-487
1946		-00:33:17,339 ~-~-> 00:33:20,969
1947		-underlying interest rate differential. And that is not
1948		-
1949		-488
1950		-00:33:20,969 ~-~-> 00:33:24,449
1951		-always true. And a perfect example, it's looking at Euro
1952		-
1953		-489
1954		-00:33:24,449 ~-~-> 00:33:30,269
1955		-dollar this year. So if you go back to euro dollar, and look
1956		-
1957		-490
1958		-00:33:30,269 ~-~-> 00:33:36,029
1959		-at it on a daily chart, back in here, this right here this
1960		-
1961		-491
1962		-00:33:36,029 ~-~-> 00:33:39,629
1963		-very day here in my mentorship, and folks that are joining
1964		-
1965		-492
1966		-00:33:39,629 ~-~-> 00:33:43,259
1967		-in in January, you can go back and listen to my archives,
1968		-
1969		-493
1970		-00:33:43,259 ~-~-> 00:33:45,899
1971		-and you'll hear me talk about how if I was making the market
1972		-
1973		-494
1974		-00:33:45,899 ~-~-> 00:33:48,659
1975		-for euro dollar, I would just take it below this low here,
1976		-
1977		-495
1978		-00:33:48,839 ~-~-> 00:33:51,029
1979		-and then run it above this high here. And eventually we were
1980		-
1981		-496
1982		-00:33:51,029 ~-~-> 00:33:57,209
1983		-looking for these over here. And we got all that here. But
1984		-
1985		-497
1986		-00:33:57,659 ~-~-> 00:33:59,879
1987		-I'm not here to beat my chest. I know some of you don't like
1988		-
1989		-498
1990		-00:33:59,879 ~-~-> 00:34:04,439
1991		-that. But my point is this all through here, if you look at
1992		-
1993		-499
1994		-00:34:04,439 ~-~-> 00:34:08,669
1995		-the interest rate differential, you would not have expected
1996		-
1997		-500
1998		-00:34:08,879 ~-~-> 00:34:13,289
1999		-this type of move just on the basis of interest rates. Now
2000		-
2001		-501
2002		-00:34:13,289 ~-~-> 00:34:15,959
2003		-there are times when you want to be using that interest rate
2004		-
2005		-502
2006		-00:34:15,989 ~-~-> 00:34:21,179
2007		-differential where it's a good time to be a buyer with
2008		-
2009		-503
2010		-00:34:21,539 ~-~-> 00:34:25,649
2011		-pairing up a strong interest rate, economy and currency
2012		-
2013		-504
2014		-00:34:25,949 ~-~-> 00:34:30,329
2015		-versus a low interest rate or weaker economy. And you'll
2016		-
2017		-505
2018		-00:34:30,329 ~-~-> 00:34:35,399
2019		-have just really easy trading. We have not had that
2020		-
2021		-506
2022		-00:34:35,399 ~-~-> 00:34:39,299
2023		-environment this year because of the illness that's been
2024		-
2025		-507
2026		-00:34:39,299 ~-~-> 00:34:41,519
2027		-making its way around the world. And that's all I'm gonna
2028		-
2029		-508
2030		-00:34:41,519 ~-~-> 00:34:46,289
2031		-say about that. Okay, but it that has upset a lot of the
2032		-
2033		-509
2034		-00:34:46,289 ~-~-> 00:34:50,459
2035		-normal see in the marketplace. And I have learned a great
2036		-
2037		-510
2038		-00:34:50,459 ~-~-> 00:34:55,079
2039		-deal in this environment, not new trading techniques. But
2040		-
2041		-511
2042		-00:34:55,079 ~-~-> 00:34:59,699
2043		-I've learned a lot about myself as a trader and I'm more
2044		-
2045		-512
2046		-00:34:59,999 ~-~-> 00:35:03,659
2047		-risk averse. I've been more risk averse this year than I've
2048		-
2049		-513
2050		-00:35:03,689 ~-~-> 00:35:07,739
2051		-ever been. And not just because of the illness, but because
2052		-
2053		-514
2054		-00:35:07,739 ~-~-> 00:35:09,929
2055		-it's an election year, all the turmoil and stuff that's
2056		-
2057		-515
2058		-00:35:09,929 ~-~-> 00:35:13,919
2059		-going on. And it just, you can't rely on in this
2060		-
2061		-516
2062		-00:35:13,919 ~-~-> 00:35:16,769
2063		-environment, I've seen that you can't rely on your typical
2064		-
2065		-517
2066		-00:35:16,769 ~-~-> 00:35:21,449
2067		-classical ideas, okay? Because there's people out here that
2068		-
2069		-518
2070		-00:35:21,479 ~-~-> 00:35:24,779
2071		-have videos on YouTube, and they're selling the idea that,
2072		-
2073		-519
2074		-00:35:24,779 ~-~-> 00:35:27,719
2075		-you know, the interest rate in this markets better. And I'm
2076		-
2077		-520
2078		-00:35:27,719 ~-~-> 00:35:30,149
2079		-going to hold this and hold this, okay, you're going to hold
2080		-
2081		-521
2082		-00:35:30,149 ~-~-> 00:35:33,869
2083		-this trade, it's going to clean your clock. Because at some
2084		-
2085		-522
2086		-00:35:33,869 ~-~-> 00:35:38,309
2087		-point, the dollar did have a higher interest rate. But it
2088		-
2089		-523
2090		-00:35:38,309 ~-~-> 00:35:42,719
2091		-was declined, it dropped. And the Euro doesn't have
2092		-
2093		-524
2094		-00:35:42,719 ~-~-> 00:35:48,299
2095		-anything, it's like it's nothing. So you can't rely on this
2096		-
2097		-525
2098		-00:35:48,299 ~-~-> 00:35:52,019
2099		-type of movement with that type of technique or analysis
2100		-
2101		-526
2102		-00:35:52,019 ~-~-> 00:35:55,649
2103		-concept. And it's it doesn't, it doesn't bode well, for
2104		-
2105		-527
2106		-00:35:55,649 ~-~-> 00:35:58,739
2107		-expecting the type of moves here. You need to rely on other
2108		-
2109		-528
2110		-00:35:58,739 ~-~-> 00:36:04,139
2111		-things. And I relied on in front of my mentorship, the just
2112		-
2113		-529
2114		-00:36:04,139 ~-~-> 00:36:05,009
2115		-pure
2116		-
2117		-530
2118		-00:36:05,130 ~-~-> 00:36:08,580
2119		-reading of dollar. Okay. And there was periods throughout
2120		-
2121		-531
2122		-00:36:08,580 ~-~-> 00:36:12,480
2123		-this year that I was uncertain. To the point where I said, I
2124		-
2125		-532
2126		-00:36:12,690 ~-~-> 00:36:15,570
2127		-don't know, I really don't know. And it took a week or two
2128		-
2129		-533
2130		-00:36:15,570 ~-~-> 00:36:19,350
2131		-for us to get more information. And then once it showed us
2132		-
2133		-534
2134		-00:36:19,350 ~-~-> 00:36:22,860
2135		-then I was back in sync. And I had a good, a good run with
2136		-
2137		-535
2138		-00:36:22,920 ~-~-> 00:36:25,440
2139		-everything lining up with what I was expecting. But you
2140		-
2141		-536
2142		-00:36:25,440 ~-~-> 00:36:29,910
2143		-can't. And you shouldn't have a lot of expectation,
2144		-
2145		-537
2146		-00:36:30,840 ~-~-> 00:36:34,440
2147		-especially this year, because this is not your a typical
2148		-
2149		-538
2150		-00:36:34,440 ~-~-> 00:36:38,370
2151		-year like this has been a very challenging year for me, like
2152		-
2153		-539
2154		-00:36:39,360 ~-~-> 00:36:44,460
2155		-November 5 will be 28 years I've been doing this. And I
2156		-
2157		-540
2158		-00:36:44,460 ~-~-> 00:36:51,690
2159		-don't ever recall the level of difficulty that this year has
2160		-
2161		-541
2162		-00:36:52,590 ~-~-> 00:36:56,940
2163		-shown me like I felt like I did when I first started trading
2164		-
2165		-542
2166		-00:36:57,810 ~-~-> 00:37:01,050
2167		-many times throughout this year, because I had so many
2168		-
2169		-543
2170		-00:37:01,050 ~-~-> 00:37:04,320
2171		-conflicting signals. And while that's not a problem, because
2172		-
2173		-544
2174		-00:37:04,320 ~-~-> 00:37:06,870
2175		-usually if I have a conflicting signal, then I'm just going
2176		-
2177		-545
2178		-00:37:06,870 ~-~-> 00:37:10,530
2179		-to sit on my hands and do nothing. It's no problem. But
2180		-
2181		-546
2182		-00:37:10,530 ~-~-> 00:37:13,920
2183		-because I'm obligated to give my interpretation, and I have
2184		-
2185		-547
2186		-00:37:13,920 ~-~-> 00:37:18,240
2187		-to cosign every single time I sit down with my students, I
2188		-
2189		-548
2190		-00:37:18,240 ~-~-> 00:37:20,910
2191		-have to make a decision. Whereas I normally wouldn't have to
2192		-
2193		-549
2194		-00:37:20,910 ~-~-> 00:37:22,860
2195		-worry about it, I wouldn't be doing anything. And I'm
2196		-
2197		-550
2198		-00:37:22,860 ~-~-> 00:37:25,710
2199		-comfortable with that. And that's a normal thing. That's a
2200		-
2201		-551
2202		-00:37:25,710 ~-~-> 00:37:28,350
2203		-position and it wins all the time, you don't suffer any
2204		-
2205		-552
2206		-00:37:28,350 ~-~-> 00:37:34,380
2207		-loss. But this year, there were a couple times where I was
2208		-
2209		-553
2210		-00:37:34,380 ~-~-> 00:37:39,300
2211		-forced to make a determination gun to my head type scenario.
2212		-
2213		-554
2214		-00:37:40,080 ~-~-> 00:37:44,610
2215		-And a couple of times I was wrong. I'm still okay for the
2216		-
2217		-555
2218		-00:37:44,610 ~-~-> 00:37:49,470
2219		-year a more way more than I'm wrong. I'm right more times
2220		-
2221		-556
2222		-00:37:49,470 ~-~-> 00:37:54,930
2223		-than that. But it's still surprising to see how the things I
2224		-
2225		-557
2226		-00:37:54,930 ~-~-> 00:37:57,900
2227		-teach still hold up well, even in this environment. So
2228		-
2229		-558
2230		-00:37:57,900 ~-~-> 00:38:00,330
2231		-that's what I meant when I said I learned a lot. There's
2232		-
2233		-559
2234		-00:38:00,360 ~-~-> 00:38:05,550
2235		-also a greater appreciation for risk for me now. And it may
2236		-
2237		-560
2238		-00:38:05,550 ~-~-> 00:38:08,610
2239		-be me getting older, and maybe the fact that I have more
2240		-
2241		-561
2242		-00:38:08,610 ~-~-> 00:38:13,020
2243		-people under my wing, and I feel more compelled to talk
2244		-
2245		-562
2246		-00:38:13,020 ~-~-> 00:38:16,020
2247		-about risk and managing it better. And I guess it's a good
2248		-
2249		-563
2250		-00:38:16,020 ~-~-> 00:38:20,700
2251		-thing all around anyway. But I went down this rabbit trail.
2252		-
2253		-564
2254		-00:38:21,150 ~-~-> 00:38:23,430
2255		-And I'm thinking about as I'm talking now. And it was not
2256		-
2257		-565
2258		-00:38:23,550 ~-~-> 00:38:26,580
2259		-inside the scope of the discussion. But I just felt like
2260		-
2261		-566
2262		-00:38:26,580 ~-~-> 00:38:32,880
2263		-including it. I don't know why. So we're we're here. But if
2264		-
2265		-567
2266		-00:38:33,720 ~-~-> 00:38:38,760
2267		-you start looking at closely correlated markets, okay, and
2268		-
2269		-568
2270		-00:38:38,760 ~-~-> 00:38:43,050
2271		-you start comparing that a good way of using this approach
2272		-
2273		-569
2274		-00:38:43,050 ~-~-> 00:38:45,960
2275		-would be if you look at commodity markets, okay, and you
2276		-
2277		-570
2278		-00:38:45,960 ~-~-> 00:38:51,120
2279		-look at the metals, like LOOK AT Gold, look at silver.
2280		-
2281		-571
2282		-00:38:53,040 ~-~-> 00:38:56,160
2283		-Generally, you'll see some type of information like what I
2284		-
2285		-572
2286		-00:38:56,160 ~-~-> 00:39:01,320
2287		-just showed you here. High Grade copper tend to be a
2288		-
2289		-573
2290		-00:39:01,320 ~-~-> 00:39:03,930
2291		-different animal altogether, palladium and platinum. Again,
2292		-
2293		-574
2294		-00:39:03,930 ~-~-> 00:39:06,300
2295		-same thing, they have a little bit of a different thing.
2296		-
2297		-575
2298		-00:39:06,660 ~-~-> 00:39:09,660
2299		-Back in the 90s. In the 80s, they were a little bit closer
2300		-
2301		-576
2302		-00:39:09,720 ~-~-> 00:39:12,660
2303		-and the way they traded. And you could use this tool really
2304		-
2305		-577
2306		-00:39:12,660 ~-~-> 00:39:17,040
2307		-easy. But there's been the separation between the metals. It
2308		-
2309		-578
2310		-00:39:17,040 ~-~-> 00:39:19,320
2311		-works really well with the grain market. So if you're an
2312		-
2313		-579
2314		-00:39:19,320 ~-~-> 00:39:22,920
2315		-agricultural trader that trades commodities, I use this
2316		-
2317		-580
2318		-00:39:22,950 ~-~-> 00:39:27,660
2319		-concept to outline soybeans that moved over $10,000 per
2320		-
2321		-581
2322		-00:39:27,660 ~-~-> 00:39:30,840
2323		-contract this year. I outlined the setup, outline the
2324		-
2325		-582
2326		-00:39:30,840 ~-~-> 00:39:33,960
2327		-framework outline where it was going, and it was using what
2328		-
2329		-583
2330		-00:39:33,960 ~-~-> 00:39:37,770
2331		-I just showed you here tonight. Now $10,000 per contract in
2332		-
2333		-584
2334		-00:39:37,770 ~-~-> 00:39:43,920
2335		-soybeans is a pretty respectable move. And while corn and
2336		-
2337		-585
2338		-00:39:43,950 ~-~-> 00:39:50,730
2339		-wheat went up in sympathy, the leadership was soybeans. And
2340		-
2341		-586
2342		-00:39:50,730 ~-~-> 00:39:52,860
2343		-that was the market I mentioned that was the market I said
2344		-
2345		-587
2346		-00:39:52,860 ~-~-> 00:39:54,600
2347		-was going to lead that was a market that was going to
2348		-
2349		-588
2350		-00:39:54,600 ~-~-> 00:39:59,610
2351		-outperform and it did, so it's not limited to forex. Okay,
2352		-
2353		-589
2354		-00:39:59,610 ~-~-> 00:40:02,790
2355		-so when you Have this perception of price and reading it
2356		-
2357		-590
2358		-00:40:02,820 ~-~-> 00:40:05,820
2359		-like an X ray view. Behind the scenes, I didn't reach for
2360		-
2361		-591
2362		-00:40:05,820 ~-~-> 00:40:09,570
2363		-any indicators here. The only thing I was looking at was
2364		-
2365		-592
2366		-00:40:10,590 ~-~-> 00:40:13,110
2367		-reading price how it was going above old highs. So there's a
2368		-
2369		-593
2370		-00:40:13,110 ~-~-> 00:40:15,420
2371		-little leg line segment trend lines, okay, they're there
2372		-
2373		-594
2374		-00:40:15,420 ~-~-> 00:40:17,910
2375		-just for you to understand what I'm focusing on. But they're
2376		-
2377		-595
2378		-00:40:17,910 ~-~-> 00:40:22,530
2379		-not on my charts, when I'm trading. The overlay is just
2380		-
2381		-596
2382		-00:40:22,530 ~-~-> 00:40:26,010
2383		-another market. That's not an indicator, I'm just making it
2384		-
2385		-597
2386		-00:40:26,070 ~-~-> 00:40:29,910
2387		-show up as an overlay and aligned format. And there it is.
2388		-
2389		-598
2390		-00:40:30,450 ~-~-> 00:40:34,770
2391		-Now, you might not like let's go back to Aussie, or actually
2392		-
2393		-599
2394		-00:40:34,800 ~-~-> 00:40:35,610
2395		-New Zealand.
2396		-
2397		-600
2398		-00:40:41,580 ~-~-> 00:40:46,110
2399		-Okay, and well, I can see hourly chart. And we'll add again,
2400		-
2401		-601
2402		-00:40:48,090 ~-~-> 00:40:49,020
2403		-the Aussie dollar.
2404		-
2405		-602
2406		-00:40:54,570 ~-~-> 00:40:59,550
2407		-Okay. Now, you might not like this line, being here. And as
2408		-
2409		-603
2410		-00:40:59,550 ~-~-> 00:41:03,360
2411		-you move it around, it might shift a little bit, see how it
2412		-
2413		-604
2414		-00:41:03,360 ~-~-> 00:41:07,110
2415		-does that. One of the things you can do on trading view,
2416		-
2417		-605
2418		-00:41:07,110 ~-~-> 00:41:10,560
2419		-which I just recently found myself, which I thought was
2420		-
2421		-606
2422		-00:41:10,560 ~-~-> 00:41:12,840
2423		-interesting, if you go here over here, and you click on
2424		-
2425		-607
2426		-00:41:12,840 ~-~-> 00:41:15,720
2427		-this, and you type in or not type and click on the histogram
2428		-
2429		-608
2430		-00:41:17,190 ~-~-> 00:41:23,730
2431		-over here and then change and change the opacity. Okay, and
2432		-
2433		-609
2434		-00:41:23,730 ~-~-> 00:41:27,720
2435		-there you go. To me, I like this, I actually like this
2436		-
2437		-610
2438		-00:41:27,720 ~-~-> 00:41:30,540
2439		-better than the line, because you can see the divergence,
2440		-
2441		-611
2442		-00:41:30,930 ~-~-> 00:41:35,400
2443		-the high, lower high in Ozzy, high, higher high in New
2444		-
2445		-612
2446		-00:41:35,400 ~-~-> 00:41:41,010
2447		-Zealand, you can see the low, higher low and Ozzy, low,
2448		-
2449		-613
2450		-00:41:41,040 ~-~-> 00:41:44,760
2451		-lower low and New Zealand. If you look at a marketplace like
2452		-
2453		-614
2454		-00:41:44,760 ~-~-> 00:41:48,060
2455		-this, and you anticipate the market reaching for liquidity
2456		-
2457		-615
2458		-00:41:48,060 ~-~-> 00:41:51,540
2459		-below lows, and you see this pattern here that diverges,
2460		-
2461		-616
2462		-00:41:51,930 ~-~-> 00:41:54,660
2463		-what that is actually showing and why this works, because
2464		-
2465		-617
2466		-00:41:54,660 ~-~-> 00:41:57,690
2467		-you're probably new and you're listening to me saying what
2468		-
2469		-618
2470		-00:41:57,690 ~-~-> 00:42:00,570
2471		-is what is the point of this? What is the fact that it's not
2472		-
2473		-619
2474		-00:42:00,570 ~-~-> 00:42:03,390
2475		-making a higher high or failing to make a higher high? What
2476		-
2477		-620
2478		-00:42:03,390 ~-~-> 00:42:05,700
2479		-is it indicating and was indicating when the Australian
2480		-
2481		-621
2482		-00:42:05,700 ~-~-> 00:42:08,310
2483		-dollar is failing to make that lower low here, when the New
2484		-
2485		-622
2486		-00:42:08,310 ~-~-> 00:42:10,380
2487		-Zealand dollar made a lower low than it did here? What does
2488		-
2489		-623
2490		-00:42:10,380 ~-~-> 00:42:15,540
2491		-that indicating? That is the reason why I said in the
2492		-
2493		-624
2494		-00:42:15,540 ~-~-> 00:42:19,860
2495		-beginning of this video, what I'm teaching you will never
2496		-
2497		-625
2498		-00:42:20,430 ~-~-> 00:42:24,240
2499		-diminish, it will always be there because just like they
2500		-
2501		-626
2502		-00:42:24,240 ~-~-> 00:42:28,290
2503		-were a lot of buying in Australian dollar here. And
2504		-
2505		-627
2506		-00:42:28,290 ~-~-> 00:42:33,540
2507		-Australian dollar went higher. It led to a sympathy move on
2508		-
2509		-628
2510		-00:42:33,570 ~-~-> 00:42:36,810
2511		-New Zealand dollar to it followed suit. But the crack and
2512		-
2513		-629
2514		-00:42:36,810 ~-~-> 00:42:40,620
2515		-correlation between the two which we have a lower low in New
2516		-
2517		-630
2518		-00:42:40,620 ~-~-> 00:42:44,820
2519		-Zealand and a higher low in Australian dollar. That's what
2520		-
2521		-631
2522		-00:42:44,820 ~-~-> 00:42:48,240
2523		-we're seeing here. This is an SMP divergence that's bullish.
2524		-
2525		-632
2526		-00:42:49,140 ~-~-> 00:42:52,500
2527		-What is it saying? It's saying that this currency, the
2528		-
2529		-633
2530		-00:42:52,500 ~-~-> 00:42:55,950
2531		-Australian dollar is the stronger of the currency at that
2532		-
2533		-634
2534		-00:42:55,950 ~-~-> 00:43:00,570
2535		-moment. And that this run below this low here on this low on
2536		-
2537		-635
2538		-00:43:00,600 ~-~-> 00:43:03,960
2539		-New Zealand. This is a stock run. So you can feel confident
2540		-
2541		-636
2542		-00:43:04,170 ~-~-> 00:43:09,330
2543		-buying below this low. Because you're buying up sell stops.
2544		-
2545		-637
2546		-00:43:10,620 ~-~-> 00:43:15,240
2547		-But you can use this idea and say okay, at this moment here,
2548		-
2549		-638
2550		-00:43:15,450 ~-~-> 00:43:20,700
2551		-Australian dollar is strong. At that moment, you would go
2552		-
2553		-639
2554		-00:43:20,700 ~-~-> 00:43:23,700
2555		-through the same cycling through your currencies to find a
2556		-
2557		-640
2558		-00:43:23,730 ~-~-> 00:43:29,070
2559		-weak currency. And then find a core a correlated forex pair
2560		-
2561		-641
2562		-00:43:29,280 ~-~-> 00:43:32,880
2563		-that meets that criteria where all z is strong and a weaker
2564		-
2565		-642
2566		-00:43:32,880 ~-~-> 00:43:38,070
2567		-currency is paired up with it. And the underlying
2568		-
2569		-643
2570		-00:43:38,070 ~-~-> 00:43:42,420
2571		-bullishness of Australian dollar would lead that currency in
2572		-
2573		-644
2574		-00:43:42,420 ~-~-> 00:43:45,150
2575		-this directional premise. Anyway, I gave you a lot in this
2576		-
2577		-645
2578		-00:43:45,150 ~-~-> 00:43:48,930
2579		-video. And I probably confused a great deal of you. But
2580		-
2581		-646
2582		-00:43:48,930 ~-~-> 00:43:52,620
2583		-that's not what I was intending to do. I love doing this. I
2584		-
2585		-647
2586		-00:43:52,620 ~-~-> 00:43:56,460
2587		-love talking about the markets. I love teaching them I love
2588		-
2589		-648
2590		-00:43:57,030 ~-~-> 00:43:59,940
2591		-tipping my hand and showing you all outside of my
2592		-
2593		-649
2594		-00:43:59,940 ~-~-> 00:44:04,740
2595		-mentorship, things that you might not be thinking of. And I
2596		-
2597		-650
2598		-00:44:04,740 ~-~-> 00:44:07,710
2599		-do talk about SMT in this YouTube channel. So don't think
2600		-
2601		-651
2602		-00:44:07,710 ~-~-> 00:44:11,370
2603		-I'm dangling a carrot and saying you only have to learn this
2604		-
2605		-652
2606		-00:44:11,400 ~-~-> 00:44:15,450
2607		-by going into my mentorship. That's not what I'm doing here.
2608		-
2609		-653
2610		-00:44:15,480 ~-~-> 00:44:20,310
2611		-But I am drawing a contrast and you know, a basic
2612		-
2613		-654
2614		-00:44:21,750 ~-~-> 00:44:27,480
2615		-differentiation between what we do and what is then provided
2616		-
2617		-655
2618		-00:44:27,480 ~-~-> 00:44:30,660
2619		-here for free on YouTube because there's a big gap, okay,
2620		-
2621		-656
2622		-00:44:31,020 ~-~-> 00:44:34,230
2623		-but you can find this. And clearly I just added another one
2624		-
2625		-657
2626		-00:44:34,230 ~-~-> 00:44:37,080
2627		-to the library here, where you can go in and if the market
2628		-
2629		-658
2630		-00:44:37,080 ~-~-> 00:44:40,230
2631		-is in consolidation, and I hope all of you can see that this
2632		-
2633		-659
2634		-00:44:40,230 ~-~-> 00:44:43,650
2635		-isn't a range bound market. If you have a range bound market
2636		-
2637		-660
2638		-00:44:43,650 ~-~-> 00:44:48,450
2639		-like this, this model works extremely well. And there are
2640		-
2641		-661
2642		-00:44:48,450 ~-~-> 00:44:52,140
2643		-models that work well in trending models that you use the
2644		-
2645		-662
2646		-00:44:52,140 ~-~-> 00:44:56,910
2647		-SMT for also, but this one I think is like the easiest one
2648		-
2649		-663
2650		-00:44:56,970 ~-~-> 00:45:00,540
2651		-ground level entry level student just coming My YouTube
2652		-
2653		-664
2654		-00:45:00,540 ~-~-> 00:45:04,050
2655		-channel, this is where they should start, okay, because if
2656		-
2657		-665
2658		-00:45:04,050 ~-~-> 00:45:07,710
2659		-you're in a trending environment, it would be better for you
2660		-
2661		-666
2662		-00:45:07,710 ~-~-> 00:45:10,920
2663		-not to reach for SMT when the market is trending, because
2664		-
2665		-667
2666		-00:45:10,920 ~-~-> 00:45:15,600
2667		-it's going to have less likelihood of creating a setup for
2668		-
2669		-668
2670		-00:45:15,600 ~-~-> 00:45:18,630
2671		-you to find it's easy to see where it's when it's range
2672		-
2673		-669
2674		-00:45:18,630 ~-~-> 00:45:24,750
2675		-bound, it's easy to see a SMT divergence. But in final
2676		-
2677		-670
2678		-00:45:24,750 ~-~-> 00:45:25,170
2679		-point,
2680		-
2681		-671
2682		-00:45:26,699 ~-~-> 00:45:30,389
2683		-when the currencies have this relationship, where the
2684		-
2685		-672
2686		-00:45:30,389 ~-~-> 00:45:32,849
2687		-Australian dollar was failing to make that lower low here
2688		-
2689		-673
2690		-00:45:32,879 ~-~-> 00:45:36,839
2691		-and indicated, a higher low, at the time of the New Zealand
2692		-
2693		-674
2694		-00:45:36,839 ~-~-> 00:45:42,089
2695		-dollar made this lower low, that's showing a lot of buying
2696		-
2697		-675
2698		-00:45:42,239 ~-~-> 00:45:45,719
2699		-in Australian dollar. They're buying New Zealand dollar too
2700		-
2701		-676
2702		-00:45:45,719 ~-~-> 00:45:51,509
2703		-clearly. But the fact that they're not always lockstep with
2704		-
2705		-677
2706		-00:45:51,509 ~-~-> 00:45:54,929
2707		-one another, because if the markets were perfect, okay, if
2708		-
2709		-678
2710		-00:45:54,929 ~-~-> 00:45:57,479
2711		-they were perfect, that means the Australian dollar would
2712		-
2713		-679
2714		-00:45:57,479 ~-~-> 00:46:00,149
2715		-make a lower low here too. And then they would both go
2716		-
2717		-680
2718		-00:46:00,149 ~-~-> 00:46:03,149
2719		-higher. And then right here on this higher high on New
2720		-
2721		-681
2722		-00:46:03,149 ~-~-> 00:46:05,879
2723		-Zealand, relative to this high here, the Australian dollar
2724		-
2725		-682
2726		-00:46:05,879 ~-~-> 00:46:09,449
2727		-should have made a higher high there as well. And if we just
2728		-
2729		-683
2730		-00:46:09,449 ~-~-> 00:46:10,439
2731		-go to Australian dollar,
2732		-
2733		-684
2734		-00:46:15,420 ~-~-> 00:46:19,890
2735		-you can see it didn't make that. Okay, so there's your
2736		-
2737		-685
2738		-00:46:19,890 ~-~-> 00:46:23,670
2739		-relationship between the two and the strong contrast thing,
2740		-
2741		-686
2742		-00:46:24,060 ~-~-> 00:46:28,740
2743		-views. But this was indicating there's a lot of selling in
2744		-
2745		-687
2746		-00:46:28,770 ~-~-> 00:46:36,120
2747		-Australian dollar. And if that occurs in any asset, it shows
2748		-
2749		-688
2750		-00:46:36,120 ~-~-> 00:46:40,650
2751		-you that there is a overwhelming desire, on an institutional
2752		-
2753		-689
2754		-00:46:40,650 ~-~-> 00:46:45,060
2755		-level, that the volume of their buying and selling will
2756		-
2757		-690
2758		-00:46:45,060 ~-~-> 00:46:48,120
2759		-create these cracks in correlation, or the SMT divergence in
2760		-
2761		-691
2762		-00:46:48,120 ~-~-> 00:46:52,260
2763		-itself. Okay, so that's what causes this deviation between
2764		-
2765		-692
2766		-00:46:52,650 ~-~-> 00:46:56,280
2767		-the relationships of higher highs and lower lows. If we ever
2768		-
2769		-693
2770		-00:46:56,280 ~-~-> 00:47:01,200
2771		-see that occurring, that is the surest sign if you have the
2772		-
2773		-694
2774		-00:47:01,200 ~-~-> 00:47:04,410
2775		-profile, correct. And if it's range bound, and that's easy
2776		-
2777		-695
2778		-00:47:04,410 ~-~-> 00:47:06,540
2779		-for you, hopefully, it should be easy for you to see this,
2780		-
2781		-696
2782		-00:47:07,260 ~-~-> 00:47:13,260
2783		-then you'll be able to have an X ray view and see that the
2784		-
2785		-697
2786		-00:47:13,260 ~-~-> 00:47:16,830
2787		-markets are in this point here under heavy distribution, and
2788		-
2789		-698
2790		-00:47:16,830 ~-~-> 00:47:21,330
2791		-right here under heavy accumulation. And I use this concept.
2792		-
2793		-699
2794		-00:47:22,470 ~-~-> 00:47:25,410
2795		-And I learned it from Larry Williams, it was just his
2796		-
2797		-700
2798		-00:47:25,440 ~-~-> 00:47:30,480
2799		-relative strength market analysis. But it was just a real
2800		-
2801		-701
2802		-00:47:30,810 ~-~-> 00:47:34,980
2803		-basic introduction to it. And if you look at his book, how I
2804		-
2805		-702
2806		-00:47:34,980 ~-~-> 00:47:36,600
2807		-made a million dollars trading commodities, I think
2808		-
2809		-703
2810		-00:47:36,600 ~-~-> 00:47:40,170
2811		-everybody should have that book in their library. It's still
2812		-
2813		-704
2814		-00:47:40,200 ~-~-> 00:47:43,650
2815		-some things like the the moon phases and stuff, like I don't
2816		-
2817		-705
2818		-00:47:43,680 ~-~-> 00:47:49,200
2819		-subscribe to that. But the idea of his intermarket
2820		-
2821		-706
2822		-00:47:49,200 ~-~-> 00:47:54,180
2823		-relationships and looking at which contract month the buyer
2824		-
2825		-707
2826		-00:47:54,180 ~-~-> 00:47:59,040
2827		-sell, and what market the buyer, so comparing the relative
2828		-
2829		-708
2830		-00:47:59,040 ~-~-> 00:48:01,410
2831		-strength between them, not the indicator, RSI, but the,
2832		-
2833		-709
2834		-00:48:01,710 ~-~-> 00:48:05,730
2835		-like, I'm comparing the actual price action of New Zealand
2836		-
2837		-710
2838		-00:48:05,730 ~-~-> 00:48:09,480
2839		-versus the underlying overlay ahead of Aussie dollar, that
2840		-
2841		-711
2842		-00:48:09,480 ~-~-> 00:48:13,650
2843		-relationship between the two. That is, in essence, relative
2844		-
2845		-712
2846		-00:48:13,650 ~-~-> 00:48:17,610
2847		-strength analysis, as Larry Williams teaches it. The reason
2848		-
2849		-713
2850		-00:48:17,610 ~-~-> 00:48:21,150
2851		-why I say this a smart money technique or smart money tool,
2852		-
2853		-714
2854		-00:48:21,360 ~-~-> 00:48:25,530
2855		-I'm not trying to rename his just basic view of his
2856		-
2857		-715
2858		-00:48:25,530 ~-~-> 00:48:29,790
2859		-interpretation of it, I found that it occurs at every
2860		-
2861		-716
2862		-00:48:29,790 ~-~-> 00:48:33,840
2863		-liquidity pool of any importance. You don't hear him talk
2864		-
2865		-717
2866		-00:48:33,840 ~-~-> 00:48:36,060
2867		-about that. He doesn't even mention that in his books. He
2868		-
2869		-718
2870		-00:48:36,060 ~-~-> 00:48:39,540
2871		-didn't do I have everything he's ever put out. There's no
2872		-
2873		-719
2874		-00:48:40,800 ~-~-> 00:48:46,080
2875		-teaching like this. But I always want to credit, the
2876		-
2877		-720
2878		-00:48:46,080 ~-~-> 00:48:49,560
2879		-influencer, that stimulated my thought process, just like he
2880		-
2881		-721
2882		-00:48:49,560 ~-~-> 00:48:54,000
2883		-stimulated my whole power three, he stated his weakness of
2884		-
2885		-722
2886		-00:48:54,090 ~-~-> 00:48:58,770
2887		-wishing he knew where to buy on the low candles below the
2888		-
2889		-723
2890		-00:48:58,770 ~-~-> 00:49:03,150
2891		-opening before it goes up. And I discovered how to do that.
2892		-
2893		-724
2894		-00:49:03,510 ~-~-> 00:49:10,080
2895		-So I used his weakness as a pursuit in my life. And I use
2896		-
2897		-725
2898		-00:49:10,080 ~-~-> 00:49:12,780
2899		-one of the things that he used for relative strength
2900		-
2901		-726
2902		-00:49:12,780 ~-~-> 00:49:18,840
2903		-analysis. And I blended that with Dow Theory. And it started
2904		-
2905		-727
2906		-00:49:18,840 ~-~-> 00:49:20,730
2907		-making sense to me, it's like, you know, if the market is
2908		-
2909		-728
2910		-00:49:20,730 ~-~-> 00:49:23,940
2911		-going to have these internal turning points, that major
2912		-
2913		-729
2914		-00:49:23,940 ~-~-> 00:49:28,080
2915		-intermediate term highs and lows. There should be some kind
2916		-
2917		-730
2918		-00:49:28,080 ~-~-> 00:49:31,080
2919		-of signature there some kind of fingerprint, some kind of
2920		-
2921		-731
2922		-00:49:31,080 ~-~-> 00:49:34,890
2923		-reoccurring phenomenon that I need to decipher what that is.
2924		-
2925		-732
2926		-00:49:35,670 ~-~-> 00:49:40,260
2927		-And this is what I found. It's always there in a range bound
2928		-
2929		-733
2930		-00:49:40,260 ~-~-> 00:49:44,370
2931		-market. It's in specific places in trending environments,
2932		-
2933		-734
2934		-00:49:44,370 ~-~-> 00:49:47,520
2935		-but I'm not teaching that here. And it's something that
2936		-
2937		-735
2938		-00:49:47,520 ~-~-> 00:49:52,560
2939		-relies on multiple supportive theories and concepts to make
2940		-
2941		-736
2942		-00:49:52,560 ~-~-> 00:49:57,630
2943		-it usable, okay? It's not like this where it's pretty cut
2944		-
2945		-737
2946		-00:49:57,630 ~-~-> 00:50:02,430
2947		-and dry. But I want you to understand That there's a way for
2948		-
2949		-738
2950		-00:50:02,430 ~-~-> 00:50:06,750
2951		-you to see real accumulation and real distribution. And you
2952		-
2953		-739
2954		-00:50:06,750 ~-~-> 00:50:11,190
2955		-can see it by looking at just the price. No indicators, none
2956		-
2957		-740
2958		-00:50:11,190 ~-~-> 00:50:18,000
2959		-whatsoever. Now, if I put that chart back up over top of the
2960		-
2961		-741
2962		-00:50:18,000 ~-~-> 00:50:28,860
2963		-New Zealand dollar, and I change it to the histogram if I
2964		-
2965		-742
2966		-00:50:28,860 ~-~-> 00:50:33,180
2967		-was on Instagram, okay, and I did something like this, and I
2968		-
2969		-743
2970		-00:50:33,180 ~-~-> 00:50:35,970
2971		-masked this over here, so you couldn't see that that was the
2972		-
2973		-744
2974		-00:50:35,970 ~-~-> 00:50:39,960
2975		-overlay. People would flip out, oh, he's using an indicator.
2976		-
2977		-745
2978		-00:50:42,090 ~-~-> 00:50:47,730
2979		-It's not, I'm using price, price will tell you everything.
2980		-
2981		-746
2982		-00:50:48,180 ~-~-> 00:50:50,910
2983		-And the relationships between the two, here's Australian
2984		-
2985		-747
2986		-00:50:50,910 ~-~-> 00:50:56,610
2987		-dollar, and I'm going to close this video. Here's that lower
2988		-
2989		-748
2990		-00:50:56,610 ~-~-> 00:51:00,090
2991		-high, while the New Zealand dollar
2992		-
2993		-749
2994		-00:51:06,060 ~-~-> 00:51:09,420
2995		-makes the higher high. So that's the cracking correlation,
2996		-
2997		-750
2998		-00:51:09,420 ~-~-> 00:51:14,190
2999		-whenever you see this, that's indicating, on a grand scale,
3000		-
3001		-751
3002		-00:51:14,310 ~-~-> 00:51:17,520
3003		-that heavy distributions coming into the marketplace. So if
3004		-
3005		-752
3006		-00:51:17,520 ~-~-> 00:51:20,730
3007		-heavy distribution is coming in, how do we know that because
3008		-
3009		-753
3010		-00:51:20,730 ~-~-> 00:51:23,520
3011		-the Australian dollar is unable to make that higher high,
3012		-
3013		-754
3014		-00:51:23,730 ~-~-> 00:51:26,340
3015		-like the New Zealand is, so they're selling heavily?
3016		-
3017		-755
3018		-00:51:26,640 ~-~-> 00:51:29,610
3019		-Australian dollar. So why are they selling Australian dollar
3020		-
3021		-756
3022		-00:51:29,610 ~-~-> 00:51:34,320
3023		-heavy? Because they believe it's going to go lower? Why is
3024		-
3025		-757
3026		-00:51:34,320 ~-~-> 00:51:36,900
3027		-it going to go lower? Because they're pricing it lower?
3028		-
3029		-758
3030		-00:51:37,260 ~-~-> 00:51:42,810
3031		-Okay. It's controlled, 100% controlled. So if you reverse
3032		-
3033		-759
3034		-00:51:42,810 ~-~-> 00:51:46,530
3035		-that theory, why is New Zealand dollar going up, it's to
3036		-
3037		-760
3038		-00:51:46,530 ~-~-> 00:51:49,200
3039		-knock out the traders that are using this as resistance,
3040		-
3041		-761
3042		-00:51:50,100 ~-~-> 00:51:54,660
3043		-clearing their stops, and then it drops. Okay, so I gave you
3044		-
3045		-762
3046		-00:51:55,320 ~-~-> 00:51:58,680
3047		-lots of different ways to skin this cat. But I taught you
3048		-
3049		-763
3050		-00:51:58,680 ~-~-> 00:52:03,180
3051		-again how to use the X ray view of using price action alone,
3052		-
3053		-764
3054		-00:52:03,210 ~-~-> 00:52:07,380
3055		-no indicators, none whatsoever. And you can get a better
3056		-
3057		-765
3058		-00:52:07,380 ~-~-> 00:52:11,010
3059		-read on accumulation and distribution. And the manipulation
3060		-
3061		-766
3062		-00:52:11,010 ~-~-> 00:52:14,250
3063		-that takes place at key times one of those key times when
3064		-
3065		-767
3066		-00:52:14,250 ~-~-> 00:52:16,920
3067		-the markets range bound, and it goes above relative equal
3068		-
3069		-768
3070		-00:52:16,920 ~-~-> 00:52:20,250
3071		-highs. Look for the s&p divergence when that happens. You
3072		-
3073		-769
3074		-00:52:20,250 ~-~-> 00:52:26,130
3075		-either are confident to trade the higher high market or wait
3076		-
3077		-770
3078		-00:52:26,130 ~-~-> 00:52:29,670
3079		-for it to break down and get the breaker and then write it
3080		-
3081		-771
3082		-00:52:29,670 ~-~-> 00:52:33,600
3083		-to a level of sells on liquidity. That my friends is a
3084		-
3085		-772
3086		-00:52:33,600 ~-~-> 00:52:40,380
3087		-complete 100% from beginning to end price action model. You
3088		-
3089		-773
3090		-00:52:40,380 ~-~-> 00:52:43,800
3091		-can use this on any timeframe. You can use this in
3092		-
3093		-774
3094		-00:52:44,130 ~-~-> 00:52:50,940
3095		-commodities, you can use it in Well, clearly forex and you
3096		-
3097		-775
3098		-00:52:50,940 ~-~-> 00:52:55,110
3099		-can use it for any type of trading, intraday, day trading,
3100		-
3101		-776
3102		-00:52:55,290 ~-~-> 00:52:58,320
3103		-short term trading, swing trading, long term position
3104		-
3105		-777
3106		-00:52:58,320 ~-~-> 00:53:03,270
3107		-trading, it's 100% scalable, and you can do this multiple
3108		-
3109		-778
3110		-00:53:03,270 ~-~-> 00:53:08,070
3111		-times a week. It's there all the time. Don't believe me. I
3112		-
3113		-779
3114		-00:53:08,070 ~-~-> 00:53:10,890
3115		-want you to go on your charts and look for it. So until I
3116		-
3117		-780
3118		-00:53:10,890 ~-~-> 00:53:13,230
3119		-talk to you next time, I wish you good luck and good trading