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--ICT: Welcome back, folks. It's been a while since I've
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++|1 |00:00:16,379 ~-~-> 00:00:24,119 |ICT: Welcome back, folks. It's been a while since I've posted another video to the YouTube channel. So I appreciate your patience. And as always your continued
++|2 |00:00:24,179 ~-~-> 00:00:34,829 |interest in my content. Alright, so we're going to talk about liquidity. I'm going to try to make this as brief as I possibly can, I tend to go overboard
++|3 |00:00:34,829 ~-~-> 00:00:46,949 |sometimes with insights and commentary, but I'm gonna try to do it as short and concise as I possibly can, which invariably will always inspire questions
++|4 |00:00:46,979 ~-~-> 00:00:57,959 |concerns, it will create gaps in your understanding. And that's normal. Okay, just know that it's meant for you to investigate on your own study, because I'm
++|5 |00:00:57,959 ~-~-> 00:01:07,739 |going to frame it in that capacity. So that way, you know, while it's not just perfectly formulated for this example, students of mine for a long period of
++|6 |00:01:07,739 ~-~-> 00:01:17,429 |time will hear certain things that I've talked about in passing in other commentaries and other YouTube series videos that you can find on this channel.
++|7 |00:01:19,589 ~-~-> 00:01:31,259 |I'm not a pattern trader, in the sense that I'm looking for, as it's commonly referred to as a trading pattern, like a harmonic pattern, okay, like a bat, or
++|8 |00:01:31,289 ~-~-> 00:01:45,899 |gartley, or a Fibonacci sequence, we're not looking for those things. So while I may reach for Fibonacci, to show a level of projection, and maybe show and
++|9 |00:01:45,899 ~-~-> 00:01:56,669 |highlight an area that is visually representing a valuation that would be undervalued or overvalued, or in the sense that it's overbought, oversold,
++|10 |00:01:56,879 ~-~-> 00:02:06,329 |without using an oscillator, okay, we're looking at specific ranges. So I'm going to touch a little bit on my L seven ranges, specifically, In this lesson,
++|11 |00:02:06,329 ~-~-> 00:02:15,989 |it's going to be a seven range example. And, again, it's not trying to teach you everything because there's no way I could do this. But it's also one more
++|12 |00:02:16,739 ~-~-> 00:02:27,239 |illustration of my I haven't ran out of yeast, okay, this Baker has a lot of yeast. And I can continue to teach for decades in the future and still not
++|13 |00:02:27,239 ~-~-> 00:02:36,119 |running the content. Because I understand the algorithm. Now, what I'm going to show you today would be normally reserved for students that are in my
++|14 |00:02:36,119 ~-~-> 00:02:47,909 |mentorship. But I want you to appreciate the level of systematic delivery of price, why it does what it does, and try to just simply suspend your belief
++|15 |00:02:47,909 ~-~-> 00:02:59,489 |system on any other model or school of thought, like if you're a supply and demand follower, or if you're an Elliott, wave trader, or harmonic trader, if
++|16 |00:02:59,489 ~-~-> 00:03:11,789 |you trade market, profile, it all those things just for a moment, try to put that to the side. And try not to lean on any of your logic, just for a moment,
++|17 |00:03:11,819 ~-~-> 00:03:21,719 |okay, during the time of this recording, just suspend all belief in that. I'm not saying believe this wholeheartedly, but I want you to just listen to it, and
++|18 |00:03:21,719 ~-~-> 00:03:31,439 |then go into your charts and you'll find it. Okay. So, Alright, so we're looking at the dollar CAD and this is a pair. Admittedly, I don't trade a lot. But if I
++|19 |00:03:31,439 ~-~-> 00:03:40,829 |don't get a set up in euro dollar or pound dollar, I will sometimes resort to trading this pair or the Aussie dollar. Okay, so, so I just want to toss that
++|20 |00:03:42,359 ~-~-> 00:03:52,979 |little disclaimer out there. I'm not actively trading dollar Cad a lot. But I want you to think about some general themes here. Again, I mentioned the L seven
++|21 |00:03:52,979 ~-~-> 00:04:03,659 |range theory. And it's basically trading inside the range. I'm going to frame a range for you so that we can see a little bit of the context that's required.
++|22 |00:04:03,659 ~-~-> 00:04:10,529 |But most of the things I'm going to show you here are pretty simple and straightforward. And it's not hard. It's not about moving parts. But there are
++|23 |00:04:10,529 ~-~-> 00:04:22,439 |very specific rule based ideas that need to be considered when you look and study at old data. And you'll see that this occurs when we're looking at
++|24 |00:04:22,649 ~-~-> 00:04:36,599 |liquidity, okay, the easiest way to determine that is anything that would reside above a short term high or intermediate term high. Now, you might look at this
++|25 |00:04:36,599 ~-~-> 00:04:41,249 |area here and say which one's the high? Well, this candle is slightly higher than all of them.
++|26 |00:04:41,790 ~-~-> 00:04:51,750 |But whenever I see multiple candles, or multiple levels that look very close to one another in height or in depth in terms of the, the lows if we're looking at
++|27 |00:04:51,870 ~-~-> 00:05:00,450 |if we're considering the opposite, in terms of looking for Southside liquidity by side liquidity rest above old highs. Now it can come in the form of Have
++|28 |00:05:00,810 ~-~-> 00:05:10,080 |these areas like this where it's relatively equal highs, okay, that's one of the concepts that I use to frame the idea and understanding of liquidity. Now
++|29 |00:05:10,110 ~-~-> 00:05:21,120 |liquidity can be formed on the basis of a single point of reference like this high, or this high, or this high. Or it could be a collection of relatively
++|30 |00:05:21,150 ~-~-> 00:05:31,740 |equal highs or relatively equal lows. Like this center, this would be considered relative equal lows. In my school of thought, this is relative equal highs. And
++|31 |00:05:31,740 ~-~-> 00:05:44,040 |my school of thought this is a single by sight liquidity pool, old high, this is a single by side liquidity pool, short term high, these things, okay are not
++|32 |00:05:44,130 ~-~-> 00:05:59,250 |required. For a label sense. It's just, I'm showing you the contrast between the two. But generally, anything above an old high would be buy side liquidity, that
++|33 |00:05:59,250 ~-~-> 00:06:07,200 |means there's buy orders up there. Now, as a new trader, that sounds a little alien, it doesn't make sense, who would be wanting to buy up there, because your
++|34 |00:06:07,200 ~-~-> 00:06:15,600 |books are telling you buy low, sell high. There's always traders that are going short, or traders that want to buy on a breakout that goes above that. So that's
++|35 |00:06:15,600 ~-~-> 00:06:24,630 |the context of why that's buy side liquidity. And I teach it from a institutional perspective, I'm not looking at it in terms of saying, you know,
++|36 |00:06:24,630 ~-~-> 00:06:35,280 |this is a resistance level, I'm teaching that this is an area where there are willing buyers up there. And that perception of price action. Once you start
++|37 |00:06:35,280 ~-~-> 00:06:50,670 |adopting that and looking at price with that, view, your opinions, your bias, your analysis will slowly start to migrate away from away from the retail logic
++|38 |00:06:50,880 ~-~-> 00:07:00,960 |that all of us are indoctrinated with, when we first come into trading, that's a normal thing. But statistically proven, if you look at all of the retail logic
++|39 |00:07:00,960 ~-~-> 00:07:14,040 |that's available to us. Why is it that 90% of the traders lose money? It's because the logic is flawed. Okay. So if it's flawed, what is the common
++|40 |00:07:14,040 ~-~-> 00:07:24,450 |denominator as to why retail logic fails more times than it wins, I'm not saying it can't win. I'm not. Now I'm not saying that retail traders always lose. And
++|41 |00:07:24,450 ~-~-> 00:07:33,900 |I'm not saying that a retail trader can't be profitable, even using retail logic. But they have to make a departure from all things retail, at some point,
++|42 |00:07:34,110 ~-~-> 00:07:45,990 |they have to inject their own experience into the analysis. And that experience is going to be a byproduct of looking at things experientially and seeing, okay,
++|43 |00:07:46,050 ~-~-> 00:07:59,280 |I've learned this pattern in the books, I've seen this author, I've seen this, you know, educator or trader guru mentioned this idea. But I have seen in this
++|44 |00:07:59,280 ~-~-> 00:08:08,520 |instance, when that patterns there, it fails, because of other things that I didn't learn in other books. And you're going to have these epiphanies that's
++|45 |00:08:08,730 ~-~-> 00:08:17,070 |experienced that you can't just get from a book, I can't transpose all of my experience, I can talk about things that I learned experientially, and like what
++|46 |00:08:17,070 ~-~-> 00:08:28,440 |I'm going to show you here, but it's important for you to understand it. The main common denominator is the markets are manipulated, and they're manipulated
++|47 |00:08:28,440 ~-~-> 00:08:38,460 |not on a random basis, but they're manipulated with a role based structure. So I'm going to give you a little bit of the details and how you can start looking
++|48 |00:08:38,460 ~-~-> 00:08:48,300 |for these types of signatures in price. So if you look at this dollar CAD, we have an old low here and price has rallied up now retail logics dates that we
++|49 |00:08:48,300 ~-~-> 00:08:59,160 |have this low as a support level, why? Because price moved away from there. We won't go into describing why it would have turned there from a retail trader,
++|50 |00:08:59,880 ~-~-> 00:09:08,610 |they just deem it as well this support because why? If price hits it and repels then it's a support level. Okay, that might be simple enough for you to
++|51 |00:09:08,640 ~-~-> 00:09:18,000 |subscribe to. I don't look at it like that I look at it as Okay, there is now engineered liquidity. Now, what does that mean? That means that the market has
++|52 |00:09:18,120 ~-~-> 00:09:30,360 |turned on a dime here and rallied higher. I see this as a liquidity pool of sell side orders. Okay, sell side liquidity. Anyone that would have an order below
++|53 |00:09:30,360 ~-~-> 00:09:34,980 |that would be a seller they want to sell Why would they want to sell below that?
++|54 |00:09:35,160 ~-~-> 00:09:43,080 |Because anyone that's long here, or even chasing price, they're going to look back to this level and feel confident that well it bounced there before so even
++|55 |00:09:43,080 ~-~-> 00:09:55,260 |if it starts to come down, which may be very uncomfortable for them. They have belief and faith and confidence that their books have indoctrinated them into
++|56 |00:09:55,260 ~-~-> 00:10:04,290 |believing that this is a level that should prevent price from going lower and I To think like that, until I lost thousands of dollars. And then it quickly
++|57 |00:10:04,290 ~-~-> 00:10:15,330 |dawned on me that I'm probably not following the right things. So I want you to think about that low with the target or Bullseye of the price wanting to go down
++|58 |00:10:15,330 ~-~-> 00:10:27,870 |to that level to attack the liquidity at rest below that low. Now, it may take months before it gets to this low, but if it gets to this low, this is what I
++|59 |00:10:27,870 ~-~-> 00:10:35,850 |want you to start looking at. And it doesn't only work on daily charts, this works on hourly charts, it works on four hour charts, it works on weekly charts,
++|60 |00:10:35,910 ~-~-> 00:10:47,490 |okay. So it's important that you know that this liquidity idea I'm teaching you here is just part of the framework. But we can see eventually, on the ninth of
++|61 |00:10:47,490 ~-~-> 00:11:00,360 |November, price trades down and goes below that low. This is an important event, when this day runs below this low. It's a crucial event algorithmically, because
++|62 |00:11:00,360 ~-~-> 00:11:13,230 |what it's doing is it's going into a pool of liquidity. Now, we don't know with any absolute assurity that what I'm going to outline here is going to unfold,
++|63 |00:11:13,380 ~-~-> 00:11:21,840 |but I'm going to give you the things you'd look for to build confidence that it is likely to. And you'll see by going through your own charts, how fast you can
++|64 |00:11:21,840 ~-~-> 00:11:30,750 |see these scenarios developing. We're going to go down to an hourly chart and study this fractal where it goes below this low here, and I'm going to release
++|65 |00:11:30,750 ~-~-> 00:11:39,000 |information to you that would otherwise not be shown on my YouTube channel. So let's go over to the hourly chart now. Alright, so here is the hourly dollar CAD
++|66 |00:11:39,000 ~-~-> 00:11:46,440 |chart. Now right away, it probably doesn't look like much to you. Okay, but I'm going to add annotations in a moment. But I want you to take a look at some of
++|67 |00:11:46,440 ~-~-> 00:11:55,710 |the things without having any scribbles any kind of annotations or markings or labels on the chart. Just let me flesh it out for you a little bit. And then
++|68 |00:11:55,710 ~-~-> 00:12:07,110 |we'll throw the lipstick on the chart, you should be able to see this high. And this low as a important price range. Now what makes it important, it's the most
++|69 |00:12:07,110 ~-~-> 00:12:18,150 |dominant price range in this portion of price action. So whenever I'm looking at price, I look for clear, discernible price ranges. When the range is clearly
++|70 |00:12:18,150 ~-~-> 00:12:28,680 |defined. As you can see here, what I do is I want to look for reference points based on measurements that are very generic. Okay, so in other words, I want to
++|71 |00:12:28,680 ~-~-> 00:12:39,660 |know what this high is here on this candle. And I want to know what the low of this candle is. Now, we're looking at this with the expectation that we're
++|72 |00:12:39,660 ~-~-> 00:12:48,270 |anticipating a run below that, but we don't know if it's going to continue. We wait for something to occur, which I'll outline here. And then once it happens,
++|73 |00:12:48,300 ~-~-> 00:12:58,440 |it gives us framework for short term bias and withdrawal and liquidity is only in an opposing order. In other words, we see a an attack on sellside liquidity
++|74 |00:12:58,440 ~-~-> 00:13:10,020 |with this day here. If something occurs as I outline, that will be your greenlight to anticipate opposing by side liquidity to be taken. Okay, so the
++|75 |00:13:10,020 ~-~-> 00:13:23,850 |concept I'm showing you here is purge and revert. Okay, purge and revert. Right. So when we look at liquidity, you want to be able to look at it on the basis of
++|76 |00:13:24,270 ~-~-> 00:13:34,710 |daily highs and lows. Now when you look at daily highs and lows, you can add period separators to your chart like tradingview.com allows you to do I'm not
++|77 |00:13:34,710 ~-~-> 00:13:43,050 |sure why it takes so long to load up like that. But there it is. But if you put the period separators on trading view, this is the levels that you're going to
++|78 |00:13:43,080 ~-~-> 00:13:53,880 |get. Now, I'm not going to argue that what I'm going to show you use better or that you can't use this either. I'm just teaching you the way I look at it.
++|79 |00:13:53,970 ~-~-> 00:14:04,440 |Okay, so if you're here on my channel, that more or less indicates that you're interested to see how I think about it may not subscribe to everything I say. In
++|80 |00:14:04,440 ~-~-> 00:14:14,070 |fact, I would count you not to do that. There's things I'm going to say in this video and maybe in other videos that will be offensive to you because you are
++|81 |00:14:14,070 ~-~-> 00:14:22,470 |holding fast to your your, your logic your system, your your method. And if it's profitable, don't allow me to change your mind about something that may be
++|82 |00:14:22,470 ~-~-> 00:14:31,050 |working for you. But if you can take something from the things I'm going to show you here and glean insight that may improve upon what you're already doing.
++|83 |00:14:31,500 ~-~-> 00:14:33,630 |That's really my only intention here.
++|84 |00:14:33,660 ~-~-> 00:14:44,820 |Okay, but it will be better if you could suspend all of the previous ideas that you have about price. Okay, and looking for things. I don't do it like this.
++|85 |00:14:44,850 ~-~-> 00:14:56,370 |Okay, so what I do is I look at the midnight to midnight timeframe, and I delineate my session breaks like that. So it'll look like this. Okay, so all my
++|86 |00:14:56,370 ~-~-> 00:15:08,280 |vertical lines here are midnight to midnight, New York. Time. Once this low, which is highlighted with this line here, that's that old daily low. And we see
++|87 |00:15:08,280 ~-~-> 00:15:20,700 |that run below the old daily low here that is a purging of liquidity. Now, once this purge occurs, we want to see the day of that purge, we want to start
++|88 |00:15:20,700 ~-~-> 00:15:30,060 |looking backwards. Okay. And other video series and other videos and other commentaries I've done with forex and trading technical analysis concepts and
++|89 |00:15:30,060 ~-~-> 00:15:45,150 |such. You'll hear this repeat three days, okay, I use a three day range of look back. Okay, if you look for the last three days, you'll have all the liquidity
++|90 |00:15:45,150 ~-~-> 00:15:54,960 |pools you need to make money, you'll have all the liquidity pools to target for your trades, you'll have all the liquidity pools that you could use for trade
++|91 |00:15:54,960 ~-~-> 00:16:04,350 |entries. And you don't need anything other than that. You don't need to have a 20 day look back period, you don't need to have a 60 day you don't need to have
++|92 |00:16:04,350 ~-~-> 00:16:13,500 |a 40 day, you don't need to look back on your weekly charts and see how many times something hit a level 14 different times to have any faith in the market
++|93 |00:16:13,950 ~-~-> 00:16:28,020 |does not look back 20 years ago. The market does not look back five years ago. Okay, it looks at pre determined price levels. And that's the reason why the
++|94 |00:16:28,020 ~-~-> 00:16:39,810 |algorithms operate the way they do. And what I mean by that if for some of you that are not technically inclined or familiar with computer programming, for
++|95 |00:16:39,810 ~-~-> 00:16:46,230 |those that are This will make a lot of sense to you. But those that aren't, just bear with me, for the folks that are technically inclined, I'm not trying to
++|96 |00:16:46,230 ~-~-> 00:16:54,690 |talk down to those individuals that aren't, I'm just trying to be as inclusive as possible and comprehensive. So that way you understand what I'm saying here,
++|97 |00:16:54,780 ~-~-> 00:17:01,590 |so it doesn't go right over your head. Because I can clearly see, there's going to be a lot of people that are going to be confused by this lesson. But if you
++|98 |00:17:01,590 ~-~-> 00:17:09,540 |just take it for what I'm going to show you here and then go into your own charts, you'll see what I'm referring to, and then it'll click so the day of the
++|99 |00:17:09,540 ~-~-> 00:17:22,050 |purging. Now what's the day it runs below that old daily low? When that happens? We count that as day one. Okay, that's day one of that event of purging. We wait
++|100 |00:17:22,560 ~-~-> 00:17:34,590 |to see if it goes higher and reverts, not reverses. Okay, I'm not saying reversal. I'm saying revert What is it reverting to? It's reverting to buy side.
++|101 |00:17:35,400 ~-~-> 00:17:46,950 |So it draws to sell side liquidity. And that's counted as day one. That is day one, day two, day three. That's our look back on the day of liquidity purge. So
++|102 |00:17:47,100 ~-~-> 00:17:58,380 |the day it occurs, you'd look back three days. Now, inside the range prior to the liquidity purge, you got to look back and see where is that range. Now you
++|103 |00:17:58,380 ~-~-> 00:18:05,070 |could have looked at this, say if you're looking at a 15 minute chart, maybe you would have seen it as this high to this low. And that's fine. There's nothing
++|104 |00:18:05,070 ~-~-> 00:18:13,860 |wrong with that you will be just using five minute charts to get the same premise I'm showing you here on an hourly chart. It's all scalable folks. The
++|105 |00:18:13,860 ~-~-> 00:18:22,500 |things that I teach are very friendly to making it your own. I don't mean that by saying take my content, rename it and put a YouTube video up. Okay, that's
++|106 |00:18:22,500 ~-~-> 00:18:32,280 |not that's not what I'm saying here. What I'm saying is it allows you the freedom and flexibility, because if the method and concepts are legitimate, it
++|107 |00:18:32,280 ~-~-> 00:18:41,850 |will allow anyone any number of people to come in and form their own model and which doesn't seem logical to a new trader or someone that's a neophyte someone
++|108 |00:18:41,850 ~-~-> 00:18:52,980 |coming to this for the first time. Like it was for me, there only is one way of doing it successfully. And I've learned it took me about six years to get there.
++|109 |00:18:53,370 ~-~-> 00:19:04,320 |But when I first started in 1992, it took me six years before I realized that there isn't one way to be profitable. There is a myriad of ways, but there are
++|110 |00:19:04,320 ~-~-> 00:19:13,980 |certain things that you need to understand that puts the odds more in your favor than if you didn't know it. And the adversities that you have and suffer through
++|111 |00:19:14,430 ~-~-> 00:19:22,440 |are really avoidable. Okay. You have to at some point, you have to admit that these markets are 100% controlled. They are we have
++|112 |00:19:23,099 ~-~-> 00:19:32,789 |breakers in the marketplace that says once it trades this much trading halts for a little while. Okay, isn't that a measure of control? Sure it is. And it's not
++|113 |00:19:32,789 ~-~-> 00:19:41,819 |limited to that they know where these markets are going to go. They're driven there. Okay. And this is an example of engineered liquidity. Engineered
++|114 |00:19:41,819 ~-~-> 00:19:50,759 |liquidity is where they run down, take those sellers out of the marketplace for what purpose. It allows individuals that are on smart money side of things.
++|115 |00:19:51,659 ~-~-> 00:20:03,029 |Informed traders, okay, large institutional traders, bank traders, and they will use that liquidity to be a Counterparty to their body. So it is a way of looking
++|116 |00:20:03,029 ~-~-> 00:20:09,419 |at price and saying, okay, I don't need to have an overbought oversold indicator, I don't need to have a divergence in an oscillator, I don't need to
++|117 |00:20:09,419 ~-~-> 00:20:20,609 |have harmonic on my side, I'm just looking at where liquidity is. And if we see an old daily low taken, that is a significant pool of liquidity. There's lots of
++|118 |00:20:20,609 ~-~-> 00:20:29,489 |orders below an old low, like I indicated on the daily chart before transitioning to the hourly. But this event where it goes below that low, it's
++|119 |00:20:29,489 ~-~-> 00:20:37,949 |being paired with smart money that wants to buy now, right away some of you're looking as well, this is all hindsight. I'm teaching it through hindsight. But I
++|120 |00:20:37,949 ~-~-> 00:20:48,089 |promise, if you go through your charts, the things I'm showing you here, they repeat over and over again, which is a basis for a model, this could be your
++|121 |00:20:48,089 ~-~-> 00:20:57,269 |unique trading model. And it's not really shown anywhere in any of my content. I don't even teach this even in mentorship. What I'm showing you here is fresh,
++|122 |00:20:57,689 ~-~-> 00:21:06,869 |but it's using concepts that I've touched on even in this free youtube channel. And in my mentorship, so I'm blending both of the worlds that are inside my
++|123 |00:21:06,869 ~-~-> 00:21:14,429 |mentorship and outside, I'm bringing them together with something for free right here. So that way you can gain a greater understanding what the markets are
++|124 |00:21:14,429 ~-~-> 00:21:24,149 |doing and why they're doing it. If this is true, if my assumption and my argument that I posed to everyone that comes to me, if these markets are not
++|125 |00:21:24,449 ~-~-> 00:21:34,589 |100% manipulated by an algorithm, then the things I'm going to show you here won't hold up. In price runs below, an old low that sells high liquidity has
++|126 |00:21:34,589 ~-~-> 00:21:47,339 |been purged only if we start to move away from it. Now it might be a sweep on stops, and then it continues higher. But if it runs below it, and then goes back
++|127 |00:21:47,369 ~-~-> 00:21:56,759 |above a specific level, what level would that be, but we want to look at the day that it occurs and runs the liquidity out. So this day here, I've annotated the
++|128 |00:21:56,759 ~-~-> 00:22:11,969 |daily high, if that high is traded to and through, that is a market structure break only on the basis of a liquidity purge. Now, it does not mean it's 100%
++|129 |00:22:11,969 ~-~-> 00:22:20,609 |successful, it just means that from an algorithmic standpoint, if we're looking at logical steps of processes, we look for this, If this occurs, then we look
++|130 |00:22:20,609 ~-~-> 00:22:29,039 |for this, if that occurs, then we look for this. And if that occurs, we look for that. So it's a matter of looking at a recipe for a model that would be
++|131 |00:22:29,039 ~-~-> 00:22:40,319 |unfolding dynamically. So if this day's high, when it takes the liquidity out, is broken on the upside here, I don't need it to close above it. That's not I
++|132 |00:22:40,319 ~-~-> 00:22:49,289 |don't need that. Because the narrative is it ran below an old low for liquidity. If it's going to go higher, the algorithm will start it's macro and macro is a
++|133 |00:22:49,289 ~-~-> 00:23:02,249 |short order of processes that begin and go step by step. And it's like a small little algorithm and incense and the large algorithm that creates and controls
++|134 |00:23:02,249 ~-~-> 00:23:13,439 |price action. It's just a bunch of smaller little algorithms that tie together. And it's very complex, obviously, but just know that you can reduce it to
++|135 |00:23:13,439 ~-~-> 00:23:20,219 |something as simple as what I'm showing you here. It may not seem simple right now, because I'm a little wordy. But I need you to understand there's certain
++|136 |00:23:20,219 ~-~-> 00:23:30,569 |things that are at play here that cause these things. Okay, that occur. So the rumble of the liquidity, if that day's highs broken, we see it here, then we can
++|137 |00:23:30,569 ~-~-> 00:23:35,999 |start looking for buy side liquidity for the algorithm to revert to that
++|138 |00:23:36,000 ~-~-> 00:23:46,440 |here's the previous day's high. That's all these little blind segments are I'm looking at the daily high, that is between 12 and 12. Midnight each day. So this
++|139 |00:23:46,440 ~-~-> 00:23:57,390 |day's liquidity is take taken out. But it's a break in market structure on the basis and narrative that we've taken Southside liquidity out. So now once it
++|140 |00:23:57,390 ~-~-> 00:24:06,390 |does this, where do we anticipate price going to? Well, you first have to revert back to this high and this low. So we're looking at how much we're going to
++|141 |00:24:06,810 ~-~-> 00:24:14,760 |retrace from this low into this high, it may not ever get back to that high. And and here's the thing, you don't need to have it go there. But you need to know
++|142 |00:24:14,760 ~-~-> 00:24:23,670 |where the midpoint is. And that's what this level is here. So that's basically equilibrium between the high and the low of that obvious range. Now the
++|143 |00:24:23,670 ~-~-> 00:24:34,740 |algorithm knows this range high and it knows the low it forms here. The midpoint is equilibrium. So what we're doing is we want to look at three days back as far
++|144 |00:24:34,740 ~-~-> 00:24:47,850 |as in terms of time, the liquidity above the daily highs as far back as day three, and the filter is the midpoint, or equilibrium of the range that's traded
++|145 |00:24:47,850 ~-~-> 00:24:56,940 |in prior to the liquidity being purged. Now I already know some of you in some of your ears are smoking right now you're thinking man, this is too much. I need
++|146 |00:24:56,940 ~-~-> 00:25:06,330 |to trend line right now. Somebody taught me a moving average. I see He's killing me here. Trust me, okay, when you watch this video a few times and go into your
++|147 |00:25:06,330 ~-~-> 00:25:17,040 |charts, you'll see it, it's there. But the range needs to be filtered. Okay, once we get to the 50 point, or 50% level of the high and the low, that's all I
++|148 |00:25:17,040 ~-~-> 00:25:27,240 |really use a Fibonacci for folks, you know, I'm just looking for equilibrium. And anything at or above it, in my mind is expensive. In other words, it's a
++|149 |00:25:27,240 ~-~-> 00:25:38,940 |premium market. So it's going to require a whole lot more for me to be a buyer. And many times it will negate me being a buyer. But it will not disqualify a
++|150 |00:25:38,940 ~-~-> 00:25:47,190 |long entry that I have maybe entered and I did not. So we are clear. Now I didn't take a trade on this, I'm just showing you conceptually how you can study
++|151 |00:25:47,190 ~-~-> 00:26:01,050 |and see these things going forward. But you can use these ideas to frame the logic on holding long positions or partials to get to this level. And then day
++|152 |00:26:01,050 ~-~-> 00:26:09,450 |three, in this case here. So what I mean by that, we have the high the low, the logic behind the run on stocks on the sell side liquidity raid, okay, so this is
++|153 |00:26:09,450 ~-~-> 00:26:19,530 |purged, if we get a run above the day of the purging, and then we start looking at the previous day's highs. And above that is going to be liquidity until we
++|154 |00:26:19,530 ~-~-> 00:26:32,010 |get to the 50% level of the range. Once it does that, we are in an iffy like it might not continue going higher, it could but it might not. But if we have day
++|155 |00:26:32,010 ~-~-> 00:26:43,590 |three still in close contention with this level. Now it's not that far above it. And it's not a lot of range in terms of where the equilibrium is and where the
++|156 |00:26:43,590 ~-~-> 00:26:58,380 |previous day or day threes high would be that Bice illiquidity would be potentially attacked. So we can see each day on the 10th of November, we had to
++|157 |00:26:58,380 ~-~-> 00:27:08,310 |break above the old high here, market structure is broken. So now we're thinking by side liquidity is going to be the next draw. That means your bias on a short
++|158 |00:27:08,310 ~-~-> 00:27:18,840 |term is look for this high to be tapped. And maybe this one, we don't need to go all the way back up here. Okay, we don't need to go all the way back up to the
++|159 |00:27:18,840 ~-~-> 00:27:26,850 |last up close Canada, which is a bearish order block, okay, you're looking at high probability, high probability. This is what this is high probability short
++|160 |00:27:26,850 ~-~-> 00:27:35,400 |term trading. So if we see that they're all in beisa, liquidity is the context that the algorithm is going to be operating under, they've already done the
++|161 |00:27:35,400 ~-~-> 00:27:42,750 |damage. So going down, traders are going to be looking for continuation, they're gonna be looking for bear flags, they're gonna be looking for a bearish gartley,
++|162 |00:27:42,750 ~-~-> 00:27:52,740 |they're going to be looking for bearish, you know, anything to get them short. And supply and demand traders gonna be looking for supply zones to go short at
++|163 |00:27:53,640 ~-~-> 00:28:01,260 |traders that use simple support resistance levels are going to be looking at, okay, well, we bounced here, let's draw that out in time, and it might sell off
++|164 |00:28:01,260 ~-~-> 00:28:09,000 |here. And when it starts to go down like that, they get really excited, are you thinking like this are thinking, well, we have a break in market structure, your
++|165 |00:28:09,000 ~-~-> 00:28:17,070 |eye goes here, where their eyes looking for this level to be touched again, because its support level, you see the paradigm shift that's taking place
++|166 |00:28:17,070 ~-~-> 00:28:27,240 |already in a short little video. Now it feels long for some of you. But it's a very short window of time that I've framing a mode of logic that repeats all the
++|167 |00:28:27,240 ~-~-> 00:28:35,970 |time on all timeframes. But if we're going to use it in this context, using and look back of three days, then it's framed on a daily chart,
++|168 |00:28:36,029 ~-~-> 00:28:46,229 |and it can be reversed. Obviously, if we're looking for runs above old daily highs. But look back is three days, equilibrium is the high and the low split in
++|169 |00:28:46,229 ~-~-> 00:28:53,669 |the middle. So all I did was to get that level and you put a Fibonacci on this high to this low and whatever the 50 level is you annotate that on your chart.
++|170 |00:28:54,299 ~-~-> 00:29:04,889 |So each day after this day, you are looking for this pool of liquidity to be traded to and this pool of liquidity to be traded to once it does that high
++|171 |00:29:04,889 ~-~-> 00:29:19,049 |probability goes away. It changes. Okay, so the algorithm goes into a different mode of delivery. It can become a deeper retracement or it could accelerate into
++|172 |00:29:19,049 ~-~-> 00:29:26,819 |that high. That's not what I'm going to teach here. I'm not teaching that that and I know some of you I already say Say Say you're holding back. No, it just
++|173 |00:29:26,819 ~-~-> 00:29:37,379 |requires a whole lot more to teach. And I don't have the time for it and you wouldn't want to sit through it anyway. Each day, this high, you know being
++|174 |00:29:37,379 ~-~-> 00:29:44,009 |broken up this creates the microstructure shift by side liquidity here if we draw that out in time
++|175 |00:29:53,339 ~-~-> 00:29:55,049 |and we're going to draw this one out in time.
++|176 |00:30:00,659 ~-~-> 00:30:13,469 |Okay, and this one here, because it's above the three. And it's the last one. So if we continue with that bias, you know, we'll see if there's any continuation
++|177 |00:30:13,469 ~-~-> 00:30:24,359 |of that logic reaching for that liquidity. Alright, so now we have Basilicata here by Sella, Cody here, and by Sally Cody here. And we're going to look at the
++|178 |00:30:24,389 ~-~-> 00:30:34,589 |11th of November. And we're gonna look at that on a 15 minute chart. So let's drop down to the 15 minute time frame and look at this here and how it attacks
++|179 |00:30:34,829 ~-~-> 00:30:43,319 |these blue levels. Alright, so here is the 15 minute timeframe of that dollar CAD. And we can see the short little lines are always going to be individual
++|180 |00:30:43,319 ~-~-> 00:30:56,009 |daily highs, the elongated blue lines are going to be those old liquidity pools that we're looking for price to trade up into. So on the 11th, we have price
++|181 |00:30:56,009 ~-~-> 00:31:06,149 |trading in here. And again, all I'm annotating here is this candles high, which makes that high, we don't use the midnight high. When we're looking at all this
++|182 |00:31:06,149 ~-~-> 00:31:16,409 |data here. If this midnight candle makes a higher high, we don't call the 11th daily high that one because it's really technically the 12th. So we're using
++|183 |00:31:16,439 ~-~-> 00:31:26,789 |only the data that makes the individual day prior to midnight in New York time. So the highest highs and lowest low, that's what we're looking for. But soon as
++|184 |00:31:26,789 ~-~-> 00:31:38,399 |we get to midnight, everything starts new. That's a new range for the day. So we have equilibrium here. So we know the price could jump to that, or at least this
++|185 |00:31:38,399 ~-~-> 00:31:49,919 |level here. And this level is the initial one because it's below equilibrium. And it's the old liquidity pool on day to look at how price trades back down in
++|186 |00:31:50,849 ~-~-> 00:32:02,969 |to this run here. Isn't this an optimal trade entry? Watch. Here's your swing low. Alright, so here is the Fibonacci laid on that price swing, I'm using the
++|187 |00:32:02,969 ~-~-> 00:32:10,709 |bodies of the candles, again, not using the wicks and the tails because the bulk of the volume is in the bodies. So it's going to give you a pure read on where
++|188 |00:32:10,709 ~-~-> 00:32:19,469 |the buy signal is going to be. Alright, it doesn't mean that you can't use the wicks and tails. It just means when I'm looking for optimal trade entry, I
++|189 |00:32:19,469 ~-~-> 00:32:28,799 |prefer to use the bodies of the candles because it will give you a pure read on entry. If I'm looking at ranges, okay, like what I outlined on the hourly chart
++|190 |00:32:29,339 ~-~-> 00:32:37,289 |and showed you where the high was and the low was intended to 50%. When I'm looking at finding equilibrium, I will use the wicks and tails. Okay, I get a
++|191 |00:32:37,289 ~-~-> 00:32:46,109 |lot of questions in by way of email and people get confused. You know, why did I say to um, use the wicks and sometimes the bodies, he's not consistent, it
++|192 |00:32:46,109 ~-~-> 00:32:56,699 |confuses me, I just answered that for you. Okay, the bodies are going to give me the pure entry point. The wicks and the tails are used just for measurement of
++|193 |00:32:56,699 ~-~-> 00:33:06,299 |ranges. Okay. So if I'm going to look for a pattern of entry, I'm using the bodies. If I'm looking for equilibrium measurements, then it's always going to
++|194 |00:33:06,299 ~-~-> 00:33:18,449 |be wicks and tails. Okay? When it comes to order blocks, that's a different theory, which I won't touch on here. But again, take what you get. So we have
++|195 |00:33:18,449 ~-~-> 00:33:26,759 |the optimal trade entry in here trades down to that, and we have a standard deviation of negative one half, and it overlaps basically with that old
++|196 |00:33:26,759 ~-~-> 00:33:38,009 |liquidity pool. And then we have trading up to equilibrium here at negative one. We have negative two just above the old liquidity pool. And we have negative
++|197 |00:33:38,009 ~-~-> 00:33:50,789 |2.5, which is with this new liquidity pool on Thursday, before Friday's trading. And the market trades there on Friday. And again, we have price trading down
++|198 |00:33:50,789 ~-~-> 00:34:05,279 |initially creating a Judas swing, what's the context, we're looking for price to revert back to buy side liquidity, because it's already done its job. Over here
++|199 |00:34:05,309 ~-~-> 00:34:15,029 |running that old daily low. So each day we're looking for clues. If it's going to go to the box on the corner each day, it's going to be reaching for a
++|200 |00:34:15,029 ~-~-> 00:34:25,439 |specific level of liquidity. It's not guesswork, it's very easily discerned what is the previous highs were above that high can price reach to then price will
++|201 |00:34:25,439 ~-~-> 00:34:34,679 |start stair stepping towards that. It's not respecting trend lines, it's not respecting patterns. It's respecting where the liquidity is. Okay? The markets
++|202 |00:34:34,679 ~-~-> 00:34:44,279 |going to go where their orders. It has no regard or respect for anybody's trading pattern. Okay. The markets going to go where there is Counterparty
++|203 |00:34:44,609 ~-~-> 00:34:51,149 |period. And if there isn't enough Counterparty there, the market will create it, it'll engineer it. It'll run up,
++|204 |00:34:51,330 ~-~-> 00:35:01,860 |blow out equal highs. It'll blow out be koulos and it'll change sentiment on the basis of that event. Here we have the market trading Above the equilibrium
++|205 |00:35:01,920 ~-~-> 00:35:12,570 |trading to an old liquidity pool and trades back down. Now, we still have time in the week, and it can still continue. But isn't this an optimal trade entry as
++|206 |00:35:12,570 ~-~-> 00:35:31,020 |well. And a breaker, we have a low, a high, a lower low, use the highest up close candle. And this adding this in here just for bonus, no extra charge. We
++|207 |00:35:31,020 ~-~-> 00:35:40,650 |have the body right there. So when the market trades down into that, that's your bullish breaker and your order block, down close candle before this
++|208 |00:35:40,650 ~-~-> 00:35:51,180 |displacement, optimal trade entry, we'll add that again and watch it i'm doing i'm putting it on the bodies. We get above Thursday's liquidity pool here, not
++|209 |00:35:51,180 ~-~-> 00:35:59,670 |by much. But we have a standard deviation of negative one, that with these equal highs here or relative equal highs, we could potentially see it, try to get up
++|210 |00:35:59,670 ~-~-> 00:36:10,650 |and snag that. I'm not saying it will, because we're above equilibrium. But that is how I would look at it. Now if this was Say, say this was Tuesday, Wednesday,
++|211 |00:36:10,680 ~-~-> 00:36:19,200 |and we were still in an active trading week, then I would still be hunting Long's and I would look for a standard deviation of negative one or negative one
++|212 |00:36:19,200 ~-~-> 00:36:27,690 |and a half. Because it would be expanding above the relative equal highs. And I would look for it for like 10 2030 pips. And I would look for that type of thing
++|213 |00:36:27,720 ~-~-> 00:36:36,300 |to occur and try to attack that 132 big figure. That is not analysis. I'm just saying that that's how I would use it. If it were, you know, still in an active
++|214 |00:36:36,300 ~-~-> 00:36:45,900 |trading week. Now, what am I showcasing here? Am I just talking about hindsight and just trying to dazzle you with something that's obvious in the charts. Some
++|215 |00:36:45,900 ~-~-> 00:36:53,430 |of you might come away from this video with that opinion. And you're free to have that. But those individuals that go into the charts and start looking at
++|216 |00:36:53,430 ~-~-> 00:37:05,940 |what I'm showing you here is simplest short overview of what I just did here, you look for areas in the marketplace, with old highs and old lows. And if the
++|217 |00:37:05,940 ~-~-> 00:37:17,130 |market trades down below it, wait to see if it wants a break the day it trades below it in words, this is the event day. If it trades above that, then we could
++|218 |00:37:17,130 ~-~-> 00:37:27,420 |potentially have a market structure shift. So we start looking for previous day's highs and the liquidity that we resting above it. previous day's high with
++|219 |00:37:27,420 ~-~-> 00:37:35,940 |liquidity resting above it, you are not looking back three days every time a new day comes back and then finding that we're looking at three days back counting
++|220 |00:37:35,940 ~-~-> 00:37:44,850 |day one of the purge on liquidity. That is how the algorithm reads it. How does it select which day Michael, if there's an algorithm how to do it, I'm telling
++|221 |00:37:44,850 ~-~-> 00:37:53,520 |you, this is one of the ways that it does it. It looks back three days now why three days? You're probably asking, why is it three days ICT? Well, there is
++|222 |00:37:54,180 ~-~-> 00:38:06,510 |classically there is a not to show it to you like this. If you're looking at a chart, and
++|223 |00:38:26,220 ~-~-> 00:38:38,040 |we're looking at an old low. I teach this and this is really this is a fundamental truth that if you look at most turning points in the marketplace,
++|224 |00:38:38,940 ~-~-> 00:38:50,790 |you see some kind of depiction of a turning point like this in price, this would be like a swing low. Now if you're using things like with mt four, they have a
++|225 |00:38:50,790 ~-~-> 00:38:58,350 |fractal indicator. I don't I'm not I've never been a fan of that. And even if you look back at the stuff I did, when I stepped down the stage, just to teach
++|226 |00:38:58,380 ~-~-> 00:39:10,770 |on forex in 2010. I went against that whole empty for fractal indicator because it requires five candles and five candles. Good grief, the moves already done.
++|227 |00:39:11,190 ~-~-> 00:39:20,040 |We're anticipating the lowest candle to go into something like this generally, that's how I take as I teach it, there's something down there we're anticipating
++|228 |00:39:20,490 ~-~-> 00:39:32,070 |the next candle if it has a higher low right away, that's the turning point for me. So we look back three days because this event like it does hear when it runs
++|229 |00:39:32,070 ~-~-> 00:39:41,280 |below the old daily low that's indicated by this line here. When that occurs, it might not just be a one day event, it might be a two day event where it goes
++|230 |00:39:41,280 ~-~-> 00:39:54,930 |even deeper. So when it creates that, we count that as day one, two, and three, and we identify that liquidity on those days. If it goes lower, I'm still going
++|231 |00:39:54,930 ~-~-> 00:40:04,740 |to refer back to the original day three. It just gives us one more day of potential liquidity, it may reach four. But it's a three day on the basis that
++|232 |00:40:04,740 ~-~-> 00:40:14,010 |it creates turning points. And just like everything else I teach, if you just reverse it and put this here, the swing highs form, generally like this, we have
++|233 |00:40:14,010 ~-~-> 00:40:25,950 |a high, a higher high and a candle, it has a lower high. Now this candle is high might be lower than this candle is high, or it could be higher. The real point
++|234 |00:40:25,950 ~-~-> 00:40:36,750 |is that there's a candle that has a lower high to the left, a lower high to the right. And that's usually a classic swing high. Swing low, again, has a higher
++|235 |00:40:36,750 ~-~-> 00:40:48,210 |low to the left, a higher low to the right. And this could be a higher low than this candle, or it could be lower, it doesn't that's not what we're really
++|236 |00:40:48,480 ~-~-> 00:40:57,960 |pressing here. There is logic behind what I'm showing you here, you can use other things for that, which is a completely different lesson. But for just a
++|237 |00:40:57,960 ~-~-> 00:41:07,740 |classification with swing high swing low for turning point basis. This is what it graphically looks like. Most times it doesn't always appear like that. But on
++|238 |00:41:07,740 ~-~-> 00:41:15,660 |most cases, it does look like that. And that's the reason why the logic is three days because the turning points generally form with that type of structure.
++|239 |00:41:16,020 ~-~-> 00:41:26,700 |Alright. So your job your homework, going forward using this information is to see how the market reaches for liquidity. I get a lot of questions all the time,
++|240 |00:41:26,700 ~-~-> 00:41:34,650 |how do you know what side of the market to trade on? Because if I could do that ICT if you could just teach me how to learn to be a buyer or seller? Is it gonna
++|241 |00:41:34,650 ~-~-> 00:41:42,000 |be an update or a down day? I will be profitable. And I'm going to tell you, you're not correct in thinking that. Because there's other things is going to
++|242 |00:41:42,000 ~-~-> 00:41:48,180 |get in the way. When you think you've scratched that itch, then you'll have 20 more that says, Well ICT talks about the candles and the wicks and then your
++|243 |00:41:48,180 ~-~-> 00:41:57,270 |argue about that. When what I just gave you here, did I bring in Commitment of Traders reports? No. Did I bring in the traders Trinity, which I don't even look
++|244 |00:41:57,270 ~-~-> 00:42:10,800 |at anymore? No. Did I talk about pivot points? No mitigation blocks? noop? Did I teach catapult whiplash? Nope. There's lots of different patterns. And there's
++|245 |00:42:10,830 ~-~-> 00:42:19,140 |lots of different ways that you can take small little samplings of the things I teach with the proper context and narrative. And it becomes a complete model,
++|246 |00:42:19,680 ~-~-> 00:42:27,030 |you need to look at all of these days here with the times of day that I teach, which is the London open kill zone, the New York open kill zone, the London
++|247 |00:42:27,030 ~-~-> 00:42:36,060 |close kill zone. And look how these patterns form. There's optimal trade entries in these days based on the logic that it's going to reach for the liquidity
++|248 |00:42:36,060 ~-~-> 00:42:39,630 |above here. And here, period.
++|249 |00:42:40,950 ~-~-> 00:42:49,560 |It's structured, it's not contrived. It's not foreign fitted, because if you go back and look at every other event and retry, here's everything, reverse it and
++|250 |00:42:49,560 ~-~-> 00:43:00,810 |look at how the market does when it trades above old highs. But here's the thing, you're going to if you are going into this to find times where it fails.
++|251 |00:43:01,020 ~-~-> 00:43:10,320 |Okay, if that's what you're trying to do right away, you're going to miss the lessons that it's going to show you by doing it with the investigative approach.
++|252 |00:43:10,350 ~-~-> 00:43:20,880 |In other words, does it show this logic because in future lessons, I'll touch on this again, and it'll be on my YouTube channel. But you need to first see this,
++|253 |00:43:21,300 ~-~-> 00:43:29,610 |okay, anything I mean, I can look at my order block theory, and go in and find 50 examples where it would be viewed as failing, if you just look at it from the
++|254 |00:43:29,820 ~-~-> 00:43:38,250 |perspective that YouTube people put up videos and they think they understand my order block theory, no, it's not complete. My mentorship is not exhausted that
++|255 |00:43:39,540 ~-~-> 00:43:50,850 |you can always torture the data. And if you manipulate, you know, hard and fast and long, long enough, it will confess to anything. But there has to be a logic
++|256 |00:43:51,060 ~-~-> 00:44:00,120 |in play. So let's go back in closing, take everything off and go to a daily chart, the market is consolidated for a long period of time in here. And we have
++|257 |00:44:00,120 ~-~-> 00:44:10,350 |this old low, when the market drives down below that I don't care if it's going to go up a little bit and then continue going lower, because that's not a model
++|258 |00:44:10,350 ~-~-> 00:44:17,460 |I'm trying to frame here I'm not teaching you long term trading, I'm teaching you a short term way of determining where the next draw on liquidity is going to
++|259 |00:44:17,460 ~-~-> 00:44:27,360 |be, is it going to be aiming for the buy side or the sell side? Now there are other ways to discern whether buy side is going to be attacked or sell side
++|260 |00:44:27,360 ~-~-> 00:44:37,980 |liquidity to me attacked in that might be your model. But they all want to lean on general principles that are generic. And that means when we have a period
++|261 |00:44:37,980 ~-~-> 00:44:47,220 |like this and consolidation, this old low if it runs below that, even if it will go lower, and I'm not saying it will or won't here I'm just saying if it does or
++|262 |00:44:47,220 ~-~-> 00:44:58,440 |if it will or if it's more inclined to do so. All we're doing is looking at short term liquidity to frame short term intraday trades. That's all I'm posing
++|263 |00:44:58,440 ~-~-> 00:45:09,420 |that as a study on liquidity here. So I framed it on the basis of higher timeframe liquidity pools, which is sellside. Here, short term trading logic
++|264 |00:45:09,450 ~-~-> 00:45:18,870 |algorithmic principles, understanding the open float, where the markets going to attack a specific side of the marketplace until it gets to a specific threshold,
++|265 |00:45:19,110 ~-~-> 00:45:29,880 |and then it becomes low probability. Now, obviously, if it trades higher and goes more higher than I've outlined on that lower timeframe, then that's a model
++|266 |00:45:29,880 ~-~-> 00:45:39,030 |outside the scope of what I'm showing you here, it does not reduce its effectiveness here, it does not mean that this is any less of a model. And that
++|267 |00:45:39,120 ~-~-> 00:45:48,690 |longer term or intermediate term trading is better. It just means, which would resonate more with you as the individual because I'm talking in a way that it
++|268 |00:45:48,690 ~-~-> 00:45:57,870 |allows the flexibility of the reader and viewer of my videos to see if it resonates with them. If it doesn't, I'm not offended. No mentor should be
++|269 |00:45:57,870 ~-~-> 00:46:06,840 |offended, because the mentor should know that everything isn't always going to fall in the expectations and alignment with everybody's psychological makeup,
++|270 |00:46:07,500 ~-~-> 00:46:16,380 |you aren't always going to agree with everything I say. And the weak minded individuals that come here, and they they are met with something that is against
++|271 |00:46:16,440 ~-~-> 00:46:25,110 |the grain of what they believe in, they just quickly dismiss the entire channel. And they really dismiss the likelihood potentially picking up on some really
++|272 |00:46:25,110 ~-~-> 00:46:34,500 |amazing things for free. That may make them a stronger trader, the ones that come here, and they say, okay, that doesn't really resonate with me, but they go
++|273 |00:46:34,500 ~-~-> 00:46:43,800 |into a journal and say, Alright, I see t mentioned this, this, this, and here's my concerns about that, and why I don't feel any gravitation towards that at the
++|274 |00:46:43,800 ~-~-> 00:46:45,630 |moment. So
++|275 |00:46:45,870 ~-~-> 00:46:54,060 |it's not killing the idea, it just means that you have observed something, you've recorded your observation, and you kept an open mind about it. Because
++|276 |00:46:54,090 ~-~-> 00:47:02,160 |something else in the future that you may come in contact with with this video. Or maybe you're joining the mentorship, maybe you're not I don't care. But
++|277 |00:47:02,160 ~-~-> 00:47:10,680 |you'll come in contact with another lesson that it will say, Oh, that makes sense. Because I remember him talking about this other concept or this principle
++|278 |00:47:10,680 ~-~-> 00:47:20,520 |and how the markets deliver price. And then it becomes a complete understanding about something that you immediately dismissed initially. So always have an open
++|279 |00:47:20,520 ~-~-> 00:47:30,300 |mind, don't be, you know, close minded to the idea of learning something that may be uncomfortable at first, or it may feel too dry, like this lesson could be
++|280 |00:47:30,300 ~-~-> 00:47:38,220 |viewed as this is really boring. You know, you could have said this and five minutes. Yeah, I could have said if liquidity is taken below the old low, look
++|281 |00:47:38,220 ~-~-> 00:47:46,560 |back three days and see if it goes to the Buy, Sell liquidity. But that does not frame all the necessary logic that I gave you in this video. Okay, try to try to
++|282 |00:47:46,560 ~-~-> 00:47:54,330 |reduce it down to what you think it should be said. And then also lean on the things that I've also outlined in here that were important in terms of
++|283 |00:47:54,330 ~-~-> 00:48:05,040 |thresholds, what logic needs to take place, and understand also, that you may have been able to watch other videos, and you're more versed in the things that
++|284 |00:48:05,040 ~-~-> 00:48:14,130 |I've talked about in old videos. And that's usually what happens. People come they watch the videos. And they are highly opinion because they want to get to
++|285 |00:48:14,130 ~-~-> 00:48:24,990 |the next new stuff. But there are always new people coming in. And if I talk about something, I get waves of emails, if they're new. So I always like to try
++|286 |00:48:24,990 ~-~-> 00:48:31,320 |to sprinkle this within my videos that say, look, you know, you're not going to learn this in one video. And I can't encapsulate everything in one video because
++|287 |00:48:31,320 ~-~-> 00:48:42,390 |there's a lot of other subject matter that these things lean on. But I tried to reduce it to something that is scalable, you can see it and understand it logic,
++|288 |00:48:42,390 ~-~-> 00:48:49,650 |the things that the only moving parts is what I showed you here. Like I said that I didn't require all the other things that I know, and that you learned
++|289 |00:48:49,650 ~-~-> 00:48:59,610 |from me. You don't need all those things. And if you have a price action model is the the best price action models are the ones that can be reduced to the back
++|290 |00:48:59,610 ~-~-> 00:49:09,720 |of a business card. Okay, I actually did this on baby pips, when I was active on their forum. I did an article, and it was here's my business card. And I
++|291 |00:49:09,720 ~-~-> 00:49:21,870 |basically said, you know, you may have a lot of understanding about price. And I believe I do, and I believe my students do. But those that are profitable, can
++|292 |00:49:21,870 ~-~-> 00:49:31,320 |reduce the idea that they would use to frame a setup, from beginning to end with money management and everything. It can be reduced and written out on the back
++|293 |00:49:31,320 ~-~-> 00:49:40,350 |of a business card. Now my question to you is, do you have it in your mind that learning here is going to require you more information that you cannot fit on
++|294 |00:49:40,350 ~-~-> 00:49:48,450 |the back of a business card? Because if that's what your expectation is, if that's what you're afraid of, by you delving into this YouTube channel or even
++|295 |00:49:48,450 ~-~-> 00:49:59,430 |my mentorship, don't let that be a thing that is a problem. It's not it's, that's a normal fear and concern, because there's a lot of information but think
++|296 |00:49:59,430 ~-~-> 00:50:09,480 |of it like this If you're going to be a doctor, you have to learn a lot about things in the body that may not be your specialty. When you start practicing
++|297 |00:50:09,510 ~-~-> 00:50:18,780 |medicine, you may be a foot doctor or hand doctor, but you had to learn about the skeletal system. on the, on the cranium, near the clavicle, you had to
++|298 |00:50:18,780 ~-~-> 00:50:30,600 |understand you, the patella, the kneecap, all these things, they're not specific to the foot in the sense that anatomically, that's the area that you're
++|299 |00:50:30,600 ~-~-> 00:50:42,690 |studying. But something that is occurring in the knee, maybe a real reason or root cause of the problem you're having in your foot. So when I teach, I teach
++|300 |00:50:43,200 ~-~-> 00:50:53,760 |an all encompassing approach, because I don't want any weaknesses at all. So I don't want anyone to think that coming here with all the information is
++|301 |00:50:53,760 ~-~-> 00:51:03,390 |available to you, that you're gonna drown in the information and come out with nothing. Because you we could sit down here every single week and put one
++|302 |00:51:03,390 ~-~-> 00:51:12,660 |principle in the back of a business card and say here is a trading model. And this is all you need to do. Don't do anything outside of this, you won't get a
++|303 |00:51:12,660 ~-~-> 00:51:21,060 |trade every day. And that's also a problem, you're gonna have people that want to have a trade every single day. And if that's the case, then you're a scalper
++|304 |00:51:21,060 ~-~-> 00:51:31,470 |at heart. You want to be a scalper, okay, then focus on trading time of day. With the logic I showed you here, principles like this, where you need to know
++|305 |00:51:31,470 ~-~-> 00:51:40,200 |how the market is going to draw on the buy side or sell side. And that gives you your internal intraday bias,
++|306 |00:51:40,410 ~-~-> 00:51:46,890 |should you be buying or selling, you don't care how the week's gonna close, you don't care what the trend is going to be over the next four days or the next
++|307 |00:51:46,890 ~-~-> 00:51:55,770 |three days, what's the daily range is going to expand in direction higher or lower? That's all scalper cares about. And you can make money doing that. You
++|308 |00:51:55,770 ~-~-> 00:52:03,240 |don't you can make money doing that that would be opposed to the long term downtrend or uptrend on a daily chart and weekly chart monthly chart. Because
++|309 |00:52:03,240 ~-~-> 00:52:13,530 |it's scalping. So when you have these questions or concerns or if you read other people's opinions, or watch their review via videos and such, they are entitled
++|310 |00:52:13,530 ~-~-> 00:52:22,530 |to their opinion, they all have their own view on me and other people and that's fine. They're Welcome to it but it doesn't change or reduce the effectiveness of
++|311 |00:52:22,530 ~-~-> 00:52:31,440 |the things that I teach or that you learn here. Okay, so you have to be balanced about it, and go into it with a proper mindset. And I've given you a structure
++|312 |00:52:31,440 ~-~-> 00:52:40,350 |here to go in and start studying and you'll see that these things repeat and as far as intraday, scalping. intraday, short term trading. This is one of those
++|313 |00:52:40,380 ~-~-> 00:52:48,720 |little dandies that repeat a lot but you have to have the context of where the market runs out liquidity on a higher timeframe chart. So thanks so much good
++|314 |00:52:48,720 ~-~-> 00:52:49,410 |luck and good trading.
--2
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--posted another video to the YouTube channel. So I appreciate
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--3
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--your patience. And as always your continued interest in my
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--content. Alright, so we're going to talk about liquidity.
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--5
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--I'm going to try to make this as brief as I possibly can, I
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--6
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--tend to go overboard sometimes with insights and commentary,
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--but I'm gonna try to do it as short and concise as I
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--possibly can, which invariably will always inspire questions
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--concerns, it will create gaps in your understanding. And
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--that's normal. Okay, just know that it's meant for you to
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--investigate on your own study, because I'm going to frame it
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--in that capacity. So that way, you know, while it's not just
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--perfectly formulated for this example, students of mine for
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--14
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--a long period of time will hear certain things that I've
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--talked about in passing in other commentaries and other
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--YouTube series videos that you can find on this channel. I'm
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--not a pattern trader, in the sense that I'm looking for, as
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--18
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--it's commonly referred to as a trading pattern, like a
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--19
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--harmonic pattern, okay, like a bat, or gartley, or a
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--20
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--Fibonacci sequence, we're not looking for those things. So
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--while I may reach for Fibonacci, to show a level of
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--projection, and maybe show and highlight an area that is
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--visually representing a valuation that would be undervalued
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--24
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--or overvalued, or in the sense that it's overbought,
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--oversold, without using an oscillator, okay, we're looking
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--26
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--at specific ranges. So I'm going to touch a little bit on my
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--27
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--L seven ranges, specifically, In this lesson, it's going to
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--28
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--be a seven range example. And, again, it's not trying to
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--29
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--teach you everything because there's no way I could do this.
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--But it's also one more illustration of my I haven't ran out
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--of yeast, okay, this Baker has a lot of yeast. And I can
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--continue to teach for decades in the future and still not
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--running the content. Because I understand the algorithm.
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--Now, what I'm going to show you today would be normally
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--reserved for students that are in my mentorship. But I want
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--you to appreciate the level of systematic delivery of price,
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--why it does what it does, and try to just simply suspend
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--your belief system on any other model or school of thought,
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--like if you're a supply and demand follower, or if you're an
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--Elliott, wave trader, or harmonic trader, if you trade
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--market, profile, it all those things just for a moment, try
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--42
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--to put that to the side. And try not to lean on any of your
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--logic, just for a moment, okay, during the time of this
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--44
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--recording, just suspend all belief in that. I'm not saying
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--believe this wholeheartedly, but I want you to just listen
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--46
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--to it, and then go into your charts and you'll find it.
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--47
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--Okay. So, Alright, so we're looking at the dollar CAD and
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--48
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--this is a pair. Admittedly, I don't trade a lot. But if I
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--don't get a set up in euro dollar or pound dollar, I will
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--sometimes resort to trading this pair or the Aussie dollar.
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--Okay, so, so I just want to toss that little disclaimer out
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--there. I'm not actively trading dollar Cad a lot. But I want
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--you to think about some general themes here. Again, I
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--mentioned the L seven range theory. And it's basically
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--trading inside the range. I'm going to frame a range for you
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--so that we can see a little bit of the context that's
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--required. But most of the things I'm going to show you here
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--are pretty simple and straightforward. And it's not hard.
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--It's not about moving parts. But there are very specific
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--rule based ideas that need to be considered when you look
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--and study at old data. And you'll see that this occurs when
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--we're looking at liquidity, okay, the easiest way to
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--determine that is anything that would reside above a short
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--term high or intermediate term high. Now, you might look at
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--this area here and say which one's the high? Well, this
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--candle is slightly higher than all of them.
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--But whenever I see multiple candles, or multiple levels that
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--look very close to one another in height or in depth in
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--terms of the, the lows if we're looking at if we're
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--considering the opposite, in terms of looking for Southside
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--liquidity by side liquidity rest above old highs. Now it can
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--come in the form of Have these areas like this where it's
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--relatively equal highs, okay, that's one of the concepts
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--that I use to frame the idea and understanding of liquidity.
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--Now liquidity can be formed on the basis of a single point
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--of reference like this high, or this high, or this high. Or
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--it could be a collection of relatively equal highs or
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--relatively equal lows. Like this center, this would be
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--considered relative equal lows. In my school of thought,
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--this is relative equal highs. And my school of thought this
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--is a single by sight liquidity pool, old high, this is a
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--single by side liquidity pool, short term high, these
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--things, okay are not required. For a label sense. It's just,
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--I'm showing you the contrast between the two. But generally,
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--anything above an old high would be buy side liquidity, that
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--means there's buy orders up there. Now, as a new trader,
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--that sounds a little alien, it doesn't make sense, who would
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--be wanting to buy up there, because your books are telling
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--you buy low, sell high. There's always traders that are
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--going short, or traders that want to buy on a breakout that
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--goes above that. So that's the context of why that's buy
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--side liquidity. And I teach it from a institutional
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--perspective, I'm not looking at it in terms of saying, you
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--know, this is a resistance level, I'm teaching that this is
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--an area where there are willing buyers up there. And that
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--perception of price action. Once you start adopting that and
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--looking at price with that, view, your opinions, your bias,
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--your analysis will slowly start to migrate away from away
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--99
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--from the retail logic that all of us are indoctrinated with,
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--when we first come into trading, that's a normal thing. But
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--101
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--statistically proven, if you look at all of the retail logic
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--that's available to us. Why is it that 90% of the traders
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--lose money? It's because the logic is flawed. Okay. So if
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--it's flawed, what is the common denominator as to why retail
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--105
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--logic fails more times than it wins, I'm not saying it can't
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--win. I'm not. Now I'm not saying that retail traders always
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--107
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--lose. And I'm not saying that a retail trader can't be
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--profitable, even using retail logic. But they have to make a
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--departure from all things retail, at some point, they have
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--to inject their own experience into the analysis. And that
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--experience is going to be a byproduct of looking at things
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--experientially and seeing, okay, I've learned this pattern
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--in the books, I've seen this author, I've seen this, you
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--know, educator or trader guru mentioned this idea. But I
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--have seen in this instance, when that patterns there, it
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--fails, because of other things that I didn't learn in other
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--books. And you're going to have these epiphanies that's
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--experienced that you can't just get from a book, I can't
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--transpose all of my experience, I can talk about things that
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--I learned experientially, and like what I'm going to show
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--you here, but it's important for you to understand it. The
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--main common denominator is the markets are manipulated, and
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--they're manipulated not on a random basis, but they're
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--manipulated with a role based structure. So I'm going to
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--give you a little bit of the details and how you can start
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--looking for these types of signatures in price. So if you
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--look at this dollar CAD, we have an old low here and price
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--has rallied up now retail logics dates that we have this low
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--as a support level, why? Because price moved away from
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--there. We won't go into describing why it would have turned
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--there from a retail trader, they just deem it as well this
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--support because why? If price hits it and repels then it's a
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--support level. Okay, that might be simple enough for you to
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--subscribe to. I don't look at it like that I look at it as
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--Okay, there is now engineered liquidity. Now, what does that
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--mean? That means that the market has turned on a dime here
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--and rallied higher. I see this as a liquidity pool of sell
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--side orders. Okay, sell side liquidity. Anyone that would
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--have an order below that would be a seller they want to sell
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--Why would they want to sell below that?
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--Because anyone that's long here, or even chasing price,
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--they're going to look back to this level and feel confident
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--that well it bounced there before so even if it starts to
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--come down, which may be very uncomfortable for them. They
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--have belief and faith and confidence that their books have
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--indoctrinated them into believing that this is a level that
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--should prevent price from going lower and I To think like
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--that, until I lost thousands of dollars. And then it quickly
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--dawned on me that I'm probably not following the right
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--things. So I want you to think about that low with the
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--target or Bullseye of the price wanting to go down to that
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--level to attack the liquidity at rest below that low. Now,
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--it may take months before it gets to this low, but if it
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--gets to this low, this is what I want you to start looking
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--at. And it doesn't only work on daily charts, this works on
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--hourly charts, it works on four hour charts, it works on
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--weekly charts, okay. So it's important that you know that
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--this liquidity idea I'm teaching you here is just part of
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--the framework. But we can see eventually, on the ninth of
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--November, price trades down and goes below that low. This is
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--an important event, when this day runs below this low. It's
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--a crucial event algorithmically, because what it's doing is
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--it's going into a pool of liquidity. Now, we don't know with
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--any absolute assurity that what I'm going to outline here is
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--going to unfold, but I'm going to give you the things you'd
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--look for to build confidence that it is likely to. And
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--you'll see by going through your own charts, how fast you
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--can see these scenarios developing. We're going to go down
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--to an hourly chart and study this fractal where it goes
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--below this low here, and I'm going to release information to
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--you that would otherwise not be shown on my YouTube channel.
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--So let's go over to the hourly chart now. Alright, so here
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--is the hourly dollar CAD chart. Now right away, it probably
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--doesn't look like much to you. Okay, but I'm going to add
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--annotations in a moment. But I want you to take a look at
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--some of the things without having any scribbles any kind of
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--annotations or markings or labels on the chart. Just let me
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--flesh it out for you a little bit. And then we'll throw the
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--lipstick on the chart, you should be able to see this high.
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--And this low as a important price range. Now what makes it
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--important, it's the most dominant price range in this
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--portion of price action. So whenever I'm looking at price, I
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--look for clear, discernible price ranges. When the range is
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--clearly defined. As you can see here, what I do is I want to
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--look for reference points based on measurements that are
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--very generic. Okay, so in other words, I want to know what
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--this high is here on this candle. And I want to know what
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--the low of this candle is. Now, we're looking at this with
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--the expectation that we're anticipating a run below that,
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--but we don't know if it's going to continue. We wait for
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--something to occur, which I'll outline here. And then once
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--it happens, it gives us framework for short term bias and
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--withdrawal and liquidity is only in an opposing order. In
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--other words, we see a an attack on sellside liquidity with
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--this day here. If something occurs as I outline, that will
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--be your greenlight to anticipate opposing by side liquidity
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--to be taken. Okay, so the concept I'm showing you here is
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--purge and revert. Okay, purge and revert. Right. So when we
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--look at liquidity, you want to be able to look at it on the
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--basis of daily highs and lows. Now when you look at daily
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--highs and lows, you can add period separators to your chart
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--like tradingview.com allows you to do I'm not sure why it
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--takes so long to load up like that. But there it is. But if
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--you put the period separators on trading view, this is the
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--levels that you're going to get. Now, I'm not going to argue
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--that what I'm going to show you use better or that you can't
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--use this either. I'm just teaching you the way I look at it.
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--Okay, so if you're here on my channel, that more or less
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--indicates that you're interested to see how I think about it
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--may not subscribe to everything I say. In fact, I would
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--count you not to do that. There's things I'm going to say in
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--this video and maybe in other videos that will be offensive
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--to you because you are holding fast to your your, your logic
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--your system, your your method. And if it's profitable, don't
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--allow me to change your mind about something that may be
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--working for you. But if you can take something from the
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--things I'm going to show you here and glean insight that may
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--improve upon what you're already doing. That's really my
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--only intention here.
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--Okay, but it will be better if you could suspend all of the
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--previous ideas that you have about price. Okay, and looking
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--for things. I don't do it like this. Okay, so what I do is I
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--look at the midnight to midnight timeframe, and I delineate
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--my session breaks like that. So it'll look like this. Okay,
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--so all my vertical lines here are midnight to midnight, New
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--York. Time. Once this low, which is highlighted with this
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--line here, that's that old daily low. And we see that run
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--below the old daily low here that is a purging of liquidity.
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--Now, once this purge occurs, we want to see the day of that
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--purge, we want to start looking backwards. Okay. And other
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--video series and other videos and other commentaries I've
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--done with forex and trading technical analysis concepts and
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--such. You'll hear this repeat three days, okay, I use a
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--three day range of look back. Okay, if you look for the last
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--three days, you'll have all the liquidity pools you need to
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--make money, you'll have all the liquidity pools to target
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--for your trades, you'll have all the liquidity pools that
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--you could use for trade entries. And you don't need anything
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--other than that. You don't need to have a 20 day look back
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--period, you don't need to have a 60 day you don't need to
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--have a 40 day, you don't need to look back on your weekly
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--charts and see how many times something hit a level 14
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--different times to have any faith in the market does not
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--look back 20 years ago. The market does not look back five
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--years ago. Okay, it looks at pre determined price levels.
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--And that's the reason why the algorithms operate the way
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--they do. And what I mean by that if for some of you that are
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--not technically inclined or familiar with computer
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--programming, for those that are This will make a lot of
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--sense to you. But those that aren't, just bear with me, for
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--the folks that are technically inclined, I'm not trying to
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--talk down to those individuals that aren't, I'm just trying
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--to be as inclusive as possible and comprehensive. So that
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--way you understand what I'm saying here, so it doesn't go
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--right over your head. Because I can clearly see, there's
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--going to be a lot of people that are going to be confused by
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--this lesson. But if you just take it for what I'm going to
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--show you here and then go into your own charts, you'll see
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--what I'm referring to, and then it'll click so the day of
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--the purging. Now what's the day it runs below that old daily
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--low? When that happens? We count that as day one. Okay,
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--that's day one of that event of purging. We wait to see if
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--it goes higher and reverts, not reverses. Okay, I'm not
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--saying reversal. I'm saying revert What is it reverting to?
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--It's reverting to buy side. So it draws to sell side
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--liquidity. And that's counted as day one. That is day one,
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--day two, day three. That's our look back on the day of
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--liquidity purge. So the day it occurs, you'd look back three
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--days. Now, inside the range prior to the liquidity purge,
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--you got to look back and see where is that range. Now you
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--could have looked at this, say if you're looking at a 15
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--minute chart, maybe you would have seen it as this high to
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--this low. And that's fine. There's nothing wrong with that
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--you will be just using five minute charts to get the same
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--premise I'm showing you here on an hourly chart. It's all
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--scalable folks. The things that I teach are very friendly to
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--making it your own. I don't mean that by saying take my
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--content, rename it and put a YouTube video up. Okay, that's
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--not that's not what I'm saying here. What I'm saying is it
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--allows you the freedom and flexibility, because if the
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--method and concepts are legitimate, it will allow anyone any
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--number of people to come in and form their own model and
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--which doesn't seem logical to a new trader or someone that's
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--a neophyte someone coming to this for the first time. Like
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--it was for me, there only is one way of doing it
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--successfully. And I've learned it took me about six years to
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--get there. But when I first started in 1992, it took me six
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--years before I realized that there isn't one way to be
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--profitable. There is a myriad of ways, but there are certain
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--things that you need to understand that puts the odds more
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--in your favor than if you didn't know it. And the
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--adversities that you have and suffer through are really
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--avoidable. Okay. You have to at some point, you have to
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--admit that these markets are 100% controlled. They are we
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--have
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--breakers in the marketplace that says once it trades this
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--much trading halts for a little while. Okay, isn't that a
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--298
--00:19:30,299 ~-~-> 00:19:33,629
--measure of control? Sure it is. And it's not limited to that
--
--299
--00:19:33,689 ~-~-> 00:19:36,119
--they know where these markets are going to go. They're
--
--300
--00:19:36,149 ~-~-> 00:19:40,139
--driven there. Okay. And this is an example of engineered
--
--301
--00:19:40,139 ~-~-> 00:19:43,589
--liquidity. Engineered liquidity is where they run down, take
--
--302
--00:19:43,589 ~-~-> 00:19:47,099
--those sellers out of the marketplace for what purpose. It
--
--303
--00:19:47,099 ~-~-> 00:19:50,759
--allows individuals that are on smart money side of things.
--
--304
--00:19:51,659 ~-~-> 00:19:54,809
--Informed traders, okay, large institutional traders, bank
--
--305
--00:19:54,809 ~-~-> 00:19:58,679
--traders, and they will use that liquidity to be a
--
--306
--00:19:58,679 ~-~-> 00:20:03,119
--Counterparty to their body. So it is a way of looking at
--
--307
--00:20:03,119 ~-~-> 00:20:05,969
--price and saying, okay, I don't need to have an overbought
--
--308
--00:20:05,969 ~-~-> 00:20:08,429
--oversold indicator, I don't need to have a divergence in an
--
--309
--00:20:08,429 ~-~-> 00:20:11,549
--oscillator, I don't need to have harmonic on my side, I'm
--
--310
--00:20:11,549 ~-~-> 00:20:15,569
--just looking at where liquidity is. And if we see an old
--
--311
--00:20:15,569 ~-~-> 00:20:19,769
--daily low taken, that is a significant pool of liquidity.
--
--312
--00:20:19,799 ~-~-> 00:20:22,649
--There's lots of orders below an old low, like I indicated on
--
--313
--00:20:22,649 ~-~-> 00:20:26,699
--the daily chart before transitioning to the hourly. But this
--
--314
--00:20:26,699 ~-~-> 00:20:30,719
--event where it goes below that low, it's being paired with
--
--315
--00:20:30,749 ~-~-> 00:20:33,509
--smart money that wants to buy now, right away some of you're
--
--316
--00:20:33,509 ~-~-> 00:20:36,509
--looking as well, this is all hindsight. I'm teaching it
--
--317
--00:20:36,509 ~-~-> 00:20:39,539
--through hindsight. But I promise, if you go through your
--
--318
--00:20:39,539 ~-~-> 00:20:43,019
--charts, the things I'm showing you here, they repeat over
--
--319
--00:20:43,019 ~-~-> 00:20:47,549
--and over again, which is a basis for a model, this could be
--
--320
--00:20:47,579 ~-~-> 00:20:51,659
--your unique trading model. And it's not really shown
--
--321
--00:20:51,659 ~-~-> 00:20:54,509
--anywhere in any of my content. I don't even teach this even
--
--322
--00:20:54,509 ~-~-> 00:20:58,019
--in mentorship. What I'm showing you here is fresh, but it's
--
--323
--00:20:58,019 ~-~-> 00:21:01,259
--using concepts that I've touched on even in this free
--
--324
--00:21:01,259 ~-~-> 00:21:05,039
--youtube channel. And in my mentorship, so I'm blending both
--
--325
--00:21:05,069 ~-~-> 00:21:08,489
--of the worlds that are inside my mentorship and outside, I'm
--
--326
--00:21:08,489 ~-~-> 00:21:11,249
--bringing them together with something for free right here.
--
--327
--00:21:11,249 ~-~-> 00:21:13,979
--So that way you can gain a greater understanding what the
--
--328
--00:21:13,979 ~-~-> 00:21:18,569
--markets are doing and why they're doing it. If this is true,
--
--329
--00:21:18,569 ~-~-> 00:21:21,749
--if my assumption and my argument that I posed to everyone
--
--330
--00:21:21,749 ~-~-> 00:21:25,469
--that comes to me, if these markets are not 100% manipulated
--
--331
--00:21:25,469 ~-~-> 00:21:28,289
--by an algorithm, then the things I'm going to show you here
--
--332
--00:21:28,319 ~-~-> 00:21:33,899
--won't hold up. In price runs below, an old low that sells
--
--333
--00:21:33,899 ~-~-> 00:21:38,099
--high liquidity has been purged only if we start to move away
--
--334
--00:21:38,099 ~-~-> 00:21:42,809
--from it. Now it might be a sweep on stops, and then it
--
--335
--00:21:42,809 ~-~-> 00:21:46,979
--continues higher. But if it runs below it, and then goes
--
--336
--00:21:46,979 ~-~-> 00:21:51,149
--back above a specific level, what level would that be, but
--
--337
--00:21:51,149 ~-~-> 00:21:53,549
--we want to look at the day that it occurs and runs the
--
--338
--00:21:53,549 ~-~-> 00:21:57,089
--liquidity out. So this day here, I've annotated the daily
--
--339
--00:21:57,089 ~-~-> 00:22:03,119
--high, if that high is traded to and through, that is a
--
--340
--00:22:03,119 ~-~-> 00:22:09,239
--market structure break only on the basis of a liquidity
--
--341
--00:22:09,239 ~-~-> 00:22:12,749
--purge. Now, it does not mean it's 100% successful, it just
--
--342
--00:22:12,749 ~-~-> 00:22:15,479
--means that from an algorithmic standpoint, if we're looking
--
--343
--00:22:15,479 ~-~-> 00:22:19,739
--at logical steps of processes, we look for this, If this
--
--344
--00:22:19,739 ~-~-> 00:22:22,169
--occurs, then we look for this, if that occurs, then we look
--
--345
--00:22:22,169 ~-~-> 00:22:24,239
--for this. And if that occurs, we look for that. So it's a
--
--346
--00:22:24,239 ~-~-> 00:22:29,039
--matter of looking at a recipe for a model that would be
--
--347
--00:22:29,039 ~-~-> 00:22:34,469
--unfolding dynamically. So if this day's high, when it takes
--
--348
--00:22:34,469 ~-~-> 00:22:37,469
--the liquidity out, is broken on the upside here, I don't
--
--349
--00:22:37,469 ~-~-> 00:22:41,039
--need it to close above it. That's not I don't need that.
--
--350
--00:22:41,249 ~-~-> 00:22:44,519
--Because the narrative is it ran below an old low for
--
--351
--00:22:44,519 ~-~-> 00:22:47,579
--liquidity. If it's going to go higher, the algorithm will
--
--352
--00:22:47,579 ~-~-> 00:22:51,659
--start it's macro and macro is a short order of processes
--
--353
--00:22:51,809 ~-~-> 00:22:57,989
--that begin and go step by step. And it's like a small little
--
--354
--00:22:58,379 ~-~-> 00:23:01,709
--algorithm and incense and the large algorithm that creates
--
--355
--00:23:01,709 ~-~-> 00:23:05,549
--and controls price action. It's just a bunch of smaller
--
--356
--00:23:05,549 ~-~-> 00:23:10,349
--little algorithms that tie together. And it's very complex,
--
--357
--00:23:10,379 ~-~-> 00:23:13,799
--obviously, but just know that you can reduce it to something
--
--358
--00:23:13,799 ~-~-> 00:23:15,539
--as simple as what I'm showing you here. It may not seem
--
--359
--00:23:15,539 ~-~-> 00:23:19,289
--simple right now, because I'm a little wordy. But I need you
--
--360
--00:23:19,289 ~-~-> 00:23:21,389
--to understand there's certain things that are at play here
--
--361
--00:23:21,389 ~-~-> 00:23:25,529
--that cause these things. Okay, that occur. So the rumble of
--
--362
--00:23:25,529 ~-~-> 00:23:28,979
--the liquidity, if that day's highs broken, we see it here,
--
--363
--00:23:29,849 ~-~-> 00:23:33,539
--then we can start looking for buy side liquidity for the
--
--364
--00:23:33,539 ~-~-> 00:23:35,999
--algorithm to revert to that
--
--365
--00:23:36,000 ~-~-> 00:23:38,310
--here's the previous day's high. That's all these little
--
--366
--00:23:38,310 ~-~-> 00:23:41,910
--blind segments are I'm looking at the daily high, that is
--
--367
--00:23:41,940 ~-~-> 00:23:46,830
--between 12 and 12. Midnight each day. So this day's
--
--368
--00:23:46,830 ~-~-> 00:23:51,720
--liquidity is take taken out. But it's a break in market
--
--369
--00:23:51,720 ~-~-> 00:23:55,020
--structure on the basis and narrative that we've taken
--
--370
--00:23:55,020 ~-~-> 00:23:58,530
--Southside liquidity out. So now once it does this, where do
--
--371
--00:23:58,530 ~-~-> 00:24:01,410
--we anticipate price going to? Well, you first have to revert
--
--372
--00:24:01,410 ~-~-> 00:24:06,000
--back to this high and this low. So we're looking at how much
--
--373
--00:24:06,000 ~-~-> 00:24:10,080
--we're going to retrace from this low into this high, it may
--
--374
--00:24:10,080 ~-~-> 00:24:12,060
--not ever get back to that high. And and here's the thing,
--
--375
--00:24:12,090 ~-~-> 00:24:14,760
--you don't need to have it go there. But you need to know
--
--376
--00:24:14,760 ~-~-> 00:24:17,340
--where the midpoint is. And that's what this level is here.
--
--377
--00:24:17,490 ~-~-> 00:24:21,120
--So that's basically equilibrium between the high and the low
--
--378
--00:24:21,150 ~-~-> 00:24:25,650
--of that obvious range. Now the algorithm knows this range
--
--379
--00:24:25,650 ~-~-> 00:24:29,970
--high and it knows the low it forms here. The midpoint is
--
--380
--00:24:29,970 ~-~-> 00:24:33,690
--equilibrium. So what we're doing is we want to look at three
--
--381
--00:24:33,690 ~-~-> 00:24:39,210
--days back as far as in terms of time, the liquidity above
--
--382
--00:24:39,240 ~-~-> 00:24:44,640
--the daily highs as far back as day three, and the filter is
--
--383
--00:24:44,640 ~-~-> 00:24:48,030
--the midpoint, or equilibrium of the range that's traded in
--
--384
--00:24:48,450 ~-~-> 00:24:52,800
--prior to the liquidity being purged. Now I already know some
--
--385
--00:24:52,800 ~-~-> 00:24:55,440
--of you in some of your ears are smoking right now you're
--
--386
--00:24:55,440 ~-~-> 00:24:57,600
--thinking man, this is too much. I need to trend line right
--
--387
--00:24:57,600 ~-~-> 00:25:00,540
--now. Somebody taught me a moving average. I see He's killing
--
--388
--00:25:00,540 ~-~-> 00:25:05,070
--me here. Trust me, okay, when you watch this video a few
--
--389
--00:25:05,070 ~-~-> 00:25:08,310
--times and go into your charts, you'll see it, it's there.
--
--390
--00:25:08,640 ~-~-> 00:25:12,990
--But the range needs to be filtered. Okay, once we get to the
--
--391
--00:25:12,990 ~-~-> 00:25:17,040
--50 point, or 50% level of the high and the low, that's all I
--
--392
--00:25:17,040 ~-~-> 00:25:19,680
--really use a Fibonacci for folks, you know, I'm just looking
--
--393
--00:25:19,680 ~-~-> 00:25:25,170
--for equilibrium. And anything at or above it, in my mind is
--
--394
--00:25:25,170 ~-~-> 00:25:29,460
--expensive. In other words, it's a premium market. So it's
--
--395
--00:25:29,460 ~-~-> 00:25:32,550
--going to require a whole lot more for me to be a buyer. And
--
--396
--00:25:32,550 ~-~-> 00:25:36,660
--many times it will negate me being a buyer. But it will not
--
--397
--00:25:36,780 ~-~-> 00:25:42,090
--disqualify a long entry that I have maybe entered and I did
--
--398
--00:25:42,090 ~-~-> 00:25:44,940
--not. So we are clear. Now I didn't take a trade on this, I'm
--
--399
--00:25:44,940 ~-~-> 00:25:47,610
--just showing you conceptually how you can study and see
--
--400
--00:25:47,610 ~-~-> 00:25:53,400
--these things going forward. But you can use these ideas to
--
--401
--00:25:53,400 ~-~-> 00:25:59,160
--frame the logic on holding long positions or partials to get
--
--402
--00:25:59,160 ~-~-> 00:26:02,370
--to this level. And then day three, in this case here. So
--
--403
--00:26:02,370 ~-~-> 00:26:05,520
--what I mean by that, we have the high the low, the logic
--
--404
--00:26:05,520 ~-~-> 00:26:08,610
--behind the run on stocks on the sell side liquidity raid,
--
--405
--00:26:08,790 ~-~-> 00:26:12,240
--okay, so this is purged, if we get a run above the day of
--
--406
--00:26:12,450 ~-~-> 00:26:15,510
--the purging, and then we start looking at the previous day's
--
--407
--00:26:15,510 ~-~-> 00:26:19,740
--highs. And above that is going to be liquidity until we get
--
--408
--00:26:19,740 ~-~-> 00:26:24,810
--to the 50% level of the range. Once it does that, we are in
--
--409
--00:26:26,250 ~-~-> 00:26:29,760
--an iffy like it might not continue going higher, it could
--
--410
--00:26:29,760 ~-~-> 00:26:34,350
--but it might not. But if we have day three still in close
--
--411
--00:26:34,350 ~-~-> 00:26:37,890
--contention with this level. Now it's not that far above it.
--
--412
--00:26:38,130 ~-~-> 00:26:42,420
--And it's not a lot of range in terms of where the
--
--413
--00:26:42,420 ~-~-> 00:26:46,020
--equilibrium is and where the previous day or day threes high
--
--414
--00:26:46,020 ~-~-> 00:26:48,390
--would be that Bice illiquidity would be potentially
--
--415
--00:26:48,630 ~-~-> 00:26:58,200
--attacked. So we can see each day on the 10th of November, we
--
--416
--00:26:58,200 ~-~-> 00:27:02,430
--had to break above the old high here, market structure is
--
--417
--00:27:02,430 ~-~-> 00:27:04,890
--broken. So now we're thinking by side liquidity is going to
--
--418
--00:27:04,890 ~-~-> 00:27:09,570
--be the next draw. That means your bias on a short term is
--
--419
--00:27:09,750 ~-~-> 00:27:15,390
--look for this high to be tapped. And maybe this one, we
--
--420
--00:27:15,390 ~-~-> 00:27:17,790
--don't need to go all the way back up here. Okay, we don't
--
--421
--00:27:17,790 ~-~-> 00:27:19,710
--need to go all the way back up to the last up close Canada,
--
--422
--00:27:19,710 ~-~-> 00:27:22,110
--which is a bearish order block, okay, you're looking at high
--
--423
--00:27:22,110 ~-~-> 00:27:25,800
--probability, high probability. This is what this is high
--
--424
--00:27:25,800 ~-~-> 00:27:29,910
--probability short term trading. So if we see that they're
--
--425
--00:27:29,910 ~-~-> 00:27:33,300
--all in beisa, liquidity is the context that the algorithm is
--
--426
--00:27:33,300 ~-~-> 00:27:35,400
--going to be operating under, they've already done the
--
--427
--00:27:35,400 ~-~-> 00:27:38,730
--damage. So going down, traders are going to be looking for
--
--428
--00:27:38,730 ~-~-> 00:27:41,220
--continuation, they're gonna be looking for bear flags,
--
--429
--00:27:41,220 ~-~-> 00:27:42,870
--they're gonna be looking for a bearish gartley, they're
--
--430
--00:27:42,870 ~-~-> 00:27:46,560
--going to be looking for bearish, you know, anything to get
--
--431
--00:27:46,560 ~-~-> 00:27:49,470
--them short. And supply and demand traders gonna be looking
--
--432
--00:27:49,470 ~-~-> 00:27:54,990
--for supply zones to go short at traders that use simple
--
--433
--00:27:54,990 ~-~-> 00:27:57,270
--support resistance levels are going to be looking at, okay,
--
--434
--00:27:57,270 ~-~-> 00:28:00,450
--well, we bounced here, let's draw that out in time, and it
--
--435
--00:28:00,450 ~-~-> 00:28:02,550
--might sell off here. And when it starts to go down like
--
--436
--00:28:02,550 ~-~-> 00:28:05,970
--that, they get really excited, are you thinking like this
--
--437
--00:28:06,000 ~-~-> 00:28:08,430
--are thinking, well, we have a break in market structure,
--
--438
--00:28:08,730 ~-~-> 00:28:12,210
--your eye goes here, where their eyes looking for this level
--
--439
--00:28:12,210 ~-~-> 00:28:15,720
--to be touched again, because its support level, you see the
--
--440
--00:28:15,720 ~-~-> 00:28:18,120
--paradigm shift that's taking place already in a short little
--
--441
--00:28:18,120 ~-~-> 00:28:21,060
--video. Now it feels long for some of you. But it's a very
--
--442
--00:28:21,060 ~-~-> 00:28:26,370
--short window of time that I've framing a mode of logic that
--
--443
--00:28:26,370 ~-~-> 00:28:29,760
--repeats all the time on all timeframes. But if we're going
--
--444
--00:28:29,760 ~-~-> 00:28:32,820
--to use it in this context, using and look back of three
--
--445
--00:28:32,820 ~-~-> 00:28:35,970
--days, then it's framed on a daily chart,
--
--446
--00:28:36,029 ~-~-> 00:28:38,699
--and it can be reversed. Obviously, if we're looking for runs
--
--447
--00:28:38,699 ~-~-> 00:28:42,929
--above old daily highs. But look back is three days,
--
--448
--00:28:43,439 ~-~-> 00:28:46,889
--equilibrium is the high and the low split in the middle. So
--
--449
--00:28:46,889 ~-~-> 00:28:49,379
--all I did was to get that level and you put a Fibonacci on
--
--450
--00:28:49,379 ~-~-> 00:28:52,619
--this high to this low and whatever the 50 level is you
--
--451
--00:28:52,619 ~-~-> 00:28:57,089
--annotate that on your chart. So each day after this day, you
--
--452
--00:28:57,149 ~-~-> 00:29:01,619
--are looking for this pool of liquidity to be traded to and
--
--453
--00:29:01,619 ~-~-> 00:29:04,139
--this pool of liquidity to be traded to once it does that
--
--454
--00:29:04,529 ~-~-> 00:29:09,959
--high probability goes away. It changes. Okay, so the
--
--455
--00:29:09,959 ~-~-> 00:29:14,549
--algorithm goes into a different mode of delivery. It can
--
--456
--00:29:14,549 ~-~-> 00:29:19,229
--become a deeper retracement or it could accelerate into that
--
--457
--00:29:19,229 ~-~-> 00:29:22,109
--high. That's not what I'm going to teach here. I'm not
--
--458
--00:29:22,109 ~-~-> 00:29:25,139
--teaching that that and I know some of you I already say Say
--
--459
--00:29:25,139 ~-~-> 00:29:27,839
--Say you're holding back. No, it just requires a whole lot
--
--460
--00:29:27,839 ~-~-> 00:29:30,779
--more to teach. And I don't have the time for it and you
--
--461
--00:29:30,779 ~-~-> 00:29:36,149
--wouldn't want to sit through it anyway. Each day, this high,
--
--462
--00:29:36,809 ~-~-> 00:29:40,469
--you know being broken up this creates the microstructure
--
--463
--00:29:40,469 ~-~-> 00:29:44,009
--shift by side liquidity here if we draw that out in time
--
--464
--00:29:53,339 ~-~-> 00:29:55,049
--and we're going to draw this one out in time.
--
--465
--00:30:00,659 ~-~-> 00:30:08,459
--Okay, and this one here, because it's above the three. And
--
--466
--00:30:08,459 ~-~-> 00:30:11,219
--it's the last one. So if we continue with that bias, you
--
--467
--00:30:11,219 ~-~-> 00:30:14,249
--know, we'll see if there's any continuation of that logic
--
--468
--00:30:14,249 ~-~-> 00:30:17,609
--reaching for that liquidity. Alright, so now we have
--
--469
--00:30:17,939 ~-~-> 00:30:21,959
--Basilicata here by Sella, Cody here, and by Sally Cody here.
--
--470
--00:30:22,439 ~-~-> 00:30:26,909
--And we're going to look at the 11th of November. And we're
--
--471
--00:30:26,909 ~-~-> 00:30:30,839
--gonna look at that on a 15 minute chart. So let's drop down
--
--472
--00:30:30,839 ~-~-> 00:30:33,929
--to the 15 minute time frame and look at this here and how it
--
--473
--00:30:33,929 ~-~-> 00:30:37,469
--attacks these blue levels. Alright, so here is the 15 minute
--
--474
--00:30:37,469 ~-~-> 00:30:41,039
--timeframe of that dollar CAD. And we can see the short
--
--475
--00:30:41,039 ~-~-> 00:30:45,359
--little lines are always going to be individual daily highs,
--
--476
--00:30:45,929 ~-~-> 00:30:49,829
--the elongated blue lines are going to be those old liquidity
--
--477
--00:30:49,829 ~-~-> 00:30:54,239
--pools that we're looking for price to trade up into. So on
--
--478
--00:30:54,239 ~-~-> 00:30:58,049
--the 11th, we have price trading in here. And again, all I'm
--
--479
--00:30:58,049 ~-~-> 00:31:01,829
--annotating here is this candles high, which makes that high,
--
--480
--00:31:02,009 ~-~-> 00:31:05,969
--we don't use the midnight high. When we're looking at all
--
--481
--00:31:05,969 ~-~-> 00:31:09,359
--this data here. If this midnight candle makes a higher high,
--
--482
--00:31:09,539 ~-~-> 00:31:13,049
--we don't call the 11th daily high that one because it's
--
--483
--00:31:13,049 ~-~-> 00:31:17,429
--really technically the 12th. So we're using only the data
--
--484
--00:31:18,269 ~-~-> 00:31:22,259
--that makes the individual day prior to midnight in New York
--
--485
--00:31:22,259 ~-~-> 00:31:25,349
--time. So the highest highs and lowest low, that's what we're
--
--486
--00:31:25,349 ~-~-> 00:31:28,829
--looking for. But soon as we get to midnight, everything
--
--487
--00:31:28,829 ~-~-> 00:31:33,659
--starts new. That's a new range for the day. So we have
--
--488
--00:31:33,689 ~-~-> 00:31:36,779
--equilibrium here. So we know the price could jump to that,
--
--489
--00:31:36,869 ~-~-> 00:31:41,069
--or at least this level here. And this level is the initial
--
--490
--00:31:41,069 ~-~-> 00:31:43,829
--one because it's below equilibrium. And it's the old
--
--491
--00:31:43,829 ~-~-> 00:31:49,379
--liquidity pool on day to look at how price trades back down
--
--492
--00:31:49,409 ~-~-> 00:31:54,449
--in to this run here. Isn't this an optimal trade entry?
--
--493
--00:31:54,989 ~-~-> 00:31:59,699
--Watch. Here's your swing low. Alright, so here is the
--
--494
--00:32:00,059 ~-~-> 00:32:03,359
--Fibonacci laid on that price swing, I'm using the bodies of
--
--495
--00:32:03,359 ~-~-> 00:32:05,969
--the candles, again, not using the wicks and the tails
--
--496
--00:32:05,969 ~-~-> 00:32:08,399
--because the bulk of the volume is in the bodies. So it's
--
--497
--00:32:08,399 ~-~-> 00:32:11,549
--going to give you a pure read on where the buy signal is
--
--498
--00:32:11,549 ~-~-> 00:32:16,019
--going to be. Alright, it doesn't mean that you can't use the
--
--499
--00:32:16,049 ~-~-> 00:32:18,419
--wicks and tails. It just means when I'm looking for optimal
--
--500
--00:32:18,419 ~-~-> 00:32:21,299
--trade entry, I prefer to use the bodies of the candles
--
--501
--00:32:21,299 ~-~-> 00:32:24,719
--because it will give you a pure read on entry. If I'm
--
--502
--00:32:24,719 ~-~-> 00:32:28,379
--looking at ranges, okay, like what I outlined on the hourly
--
--503
--00:32:28,379 ~-~-> 00:32:30,989
--chart and showed you where the high was and the low was
--
--504
--00:32:30,989 ~-~-> 00:32:34,379
--intended to 50%. When I'm looking at finding equilibrium, I
--
--505
--00:32:34,379 ~-~-> 00:32:38,249
--will use the wicks and tails. Okay, I get a lot of questions
--
--506
--00:32:38,369 ~-~-> 00:32:41,579
--in by way of email and people get confused. You know, why
--
--507
--00:32:41,579 ~-~-> 00:32:44,759
--did I say to um, use the wicks and sometimes the bodies,
--
--508
--00:32:44,879 ~-~-> 00:32:48,029
--he's not consistent, it confuses me, I just answered that
--
--509
--00:32:48,029 ~-~-> 00:32:51,419
--for you. Okay, the bodies are going to give me the pure
--
--510
--00:32:51,419 ~-~-> 00:32:55,859
--entry point. The wicks and the tails are used just for
--
--511
--00:32:55,859 ~-~-> 00:32:59,069
--measurement of ranges. Okay. So if I'm going to look for a
--
--512
--00:32:59,069 ~-~-> 00:33:03,209
--pattern of entry, I'm using the bodies. If I'm looking for
--
--513
--00:33:03,239 ~-~-> 00:33:06,659
--equilibrium measurements, then it's always going to be wicks
--
--514
--00:33:06,659 ~-~-> 00:33:10,349
--and tails. Okay? When it comes to order blocks, that's a
--
--515
--00:33:10,349 ~-~-> 00:33:14,069
--different theory, which I won't touch on here. But again,
--
--516
--00:33:15,689 ~-~-> 00:33:19,139
--take what you get. So we have the optimal trade entry in
--
--517
--00:33:19,139 ~-~-> 00:33:21,839
--here trades down to that, and we have a standard deviation
--
--518
--00:33:21,869 ~-~-> 00:33:26,459
--of negative one half, and it overlaps basically with that
--
--519
--00:33:26,459 ~-~-> 00:33:30,149
--old liquidity pool. And then we have trading up to
--
--520
--00:33:30,149 ~-~-> 00:33:34,469
--equilibrium here at negative one. We have negative two just
--
--521
--00:33:34,469 ~-~-> 00:33:38,999
--above the old liquidity pool. And we have negative 2.5,
--
--522
--00:33:39,029 ~-~-> 00:33:43,499
--which is with this new liquidity pool on Thursday, before
--
--523
--00:33:43,499 ~-~-> 00:33:48,809
--Friday's trading. And the market trades there on Friday. And
--
--524
--00:33:48,809 ~-~-> 00:33:52,829
--again, we have price trading down initially creating a Judas
--
--525
--00:33:52,829 ~-~-> 00:33:56,879
--swing, what's the context, we're looking for price to revert
--
--526
--00:33:56,879 ~-~-> 00:33:59,999
--back to buy side liquidity, because it's already done its
--
--527
--00:33:59,999 ~-~-> 00:34:07,679
--job. Over here running that old daily low. So each day we're
--
--528
--00:34:07,679 ~-~-> 00:34:13,319
--looking for clues. If it's going to go to the box on the
--
--529
--00:34:13,319 ~-~-> 00:34:15,839
--corner each day, it's going to be reaching for a specific
--
--530
--00:34:15,869 ~-~-> 00:34:19,319
--level of liquidity. It's not guesswork, it's very easily
--
--531
--00:34:19,499 ~-~-> 00:34:24,029
--discerned what is the previous highs were above that high
--
--532
--00:34:24,059 ~-~-> 00:34:26,429
--can price reach to then price will start stair stepping
--
--533
--00:34:26,429 ~-~-> 00:34:29,639
--towards that. It's not respecting trend lines, it's not
--
--534
--00:34:29,639 ~-~-> 00:34:33,269
--respecting patterns. It's respecting where the liquidity is.
--
--535
--00:34:33,659 ~-~-> 00:34:37,259
--Okay? The markets going to go where their orders. It has no
--
--536
--00:34:37,259 ~-~-> 00:34:41,879
--regard or respect for anybody's trading pattern. Okay. The
--
--537
--00:34:41,879 ~-~-> 00:34:45,749
--markets going to go where there is Counterparty period. And
--
--538
--00:34:45,749 ~-~-> 00:34:48,239
--if there isn't enough Counterparty there, the market will
--
--539
--00:34:48,239 ~-~-> 00:34:51,149
--create it, it'll engineer it. It'll run up,
--
--540
--00:34:51,330 ~-~-> 00:34:54,840
--blow out equal highs. It'll blow out be koulos and it'll
--
--541
--00:34:54,840 ~-~-> 00:34:59,010
--change sentiment on the basis of that event. Here we have
--
--542
--00:34:59,010 ~-~-> 00:35:02,850
--the market trading Above the equilibrium trading to an old
--
--543
--00:35:02,850 ~-~-> 00:35:08,340
--liquidity pool and trades back down. Now, we still have time
--
--544
--00:35:08,340 ~-~-> 00:35:11,790
--in the week, and it can still continue. But isn't this an
--
--545
--00:35:11,790 ~-~-> 00:35:17,850
--optimal trade entry as well. And a breaker, we have a low, a
--
--546
--00:35:17,850 ~-~-> 00:35:23,190
--high, a lower low, use the highest up close candle. And this
--
--547
--00:35:23,190 ~-~-> 00:35:31,560
--adding this in here just for bonus, no extra charge. We have
--
--548
--00:35:31,620 ~-~-> 00:35:34,890
--the body right there. So when the market trades down into
--
--549
--00:35:34,890 ~-~-> 00:35:39,660
--that, that's your bullish breaker and your order block, down
--
--550
--00:35:39,660 ~-~-> 00:35:43,230
--close candle before this displacement, optimal trade entry,
--
--551
--00:35:43,500 ~-~-> 00:35:47,130
--we'll add that again and watch it i'm doing i'm putting it
--
--552
--00:35:47,130 ~-~-> 00:35:50,940
--on the bodies. We get above Thursday's liquidity pool here,
--
--553
--00:35:50,970 ~-~-> 00:35:54,240
--not by much. But we have a standard deviation of negative
--
--554
--00:35:54,240 ~-~-> 00:35:57,270
--one, that with these equal highs here or relative equal
--
--555
--00:35:57,270 ~-~-> 00:36:00,660
--highs, we could potentially see it, try to get up and snag
--
--556
--00:36:00,660 ~-~-> 00:36:03,450
--that. I'm not saying it will, because we're above
--
--557
--00:36:03,450 ~-~-> 00:36:06,660
--equilibrium. But that is how I would look at it. Now if this
--
--558
--00:36:06,660 ~-~-> 00:36:11,280
--was Say, say this was Tuesday, Wednesday, and we were still
--
--559
--00:36:11,280 ~-~-> 00:36:14,070
--in an active trading week, then I would still be hunting
--
--560
--00:36:14,070 ~-~-> 00:36:17,670
--Long's and I would look for a standard deviation of negative
--
--561
--00:36:17,670 ~-~-> 00:36:20,640
--one or negative one and a half. Because it would be
--
--562
--00:36:20,640 ~-~-> 00:36:23,880
--expanding above the relative equal highs. And I would look
--
--563
--00:36:23,880 ~-~-> 00:36:27,360
--for it for like 10 2030 pips. And I would look for that type
--
--564
--00:36:27,360 ~-~-> 00:36:30,420
--of thing to occur and try to attack that 132 big figure.
--
--565
--00:36:30,960 ~-~-> 00:36:33,720
--That is not analysis. I'm just saying that that's how I
--
--566
--00:36:33,720 ~-~-> 00:36:36,300
--would use it. If it were, you know, still in an active
--
--567
--00:36:36,300 ~-~-> 00:36:40,200
--trading week. Now, what am I showcasing here? Am I just
--
--568
--00:36:40,200 ~-~-> 00:36:43,290
--talking about hindsight and just trying to dazzle you with
--
--569
--00:36:43,290 ~-~-> 00:36:46,320
--something that's obvious in the charts. Some of you might
--
--570
--00:36:46,320 ~-~-> 00:36:49,080
--come away from this video with that opinion. And you're free
--
--571
--00:36:49,080 ~-~-> 00:36:52,470
--to have that. But those individuals that go into the charts
--
--572
--00:36:52,500 ~-~-> 00:36:56,190
--and start looking at what I'm showing you here is simplest
--
--573
--00:36:56,220 ~-~-> 00:37:01,740
--short overview of what I just did here, you look for areas
--
--574
--00:37:01,740 ~-~-> 00:37:05,940
--in the marketplace, with old highs and old lows. And if the
--
--575
--00:37:05,940 ~-~-> 00:37:11,520
--market trades down below it, wait to see if it wants a break
--
--576
--00:37:11,550 ~-~-> 00:37:14,910
--the day it trades below it in words, this is the event day.
--
--577
--00:37:15,690 ~-~-> 00:37:17,820
--If it trades above that, then we could potentially have a
--
--578
--00:37:17,820 ~-~-> 00:37:22,290
--market structure shift. So we start looking for previous
--
--579
--00:37:22,290 ~-~-> 00:37:24,660
--day's highs and the liquidity that we resting above it.
--
--580
--00:37:26,340 ~-~-> 00:37:29,460
--previous day's high with liquidity resting above it, you are
--
--581
--00:37:29,460 ~-~-> 00:37:32,400
--not looking back three days every time a new day comes back
--
--582
--00:37:32,400 ~-~-> 00:37:35,580
--and then finding that we're looking at three days back
--
--583
--00:37:35,610 ~-~-> 00:37:39,810
--counting day one of the purge on liquidity. That is how the
--
--584
--00:37:39,810 ~-~-> 00:37:43,020
--algorithm reads it. How does it select which day Michael, if
--
--585
--00:37:43,020 ~-~-> 00:37:45,420
--there's an algorithm how to do it, I'm telling you, this is
--
--586
--00:37:45,420 ~-~-> 00:37:48,840
--one of the ways that it does it. It looks back three days
--
--587
--00:37:48,840 ~-~-> 00:37:50,970
--now why three days? You're probably asking, why is it three
--
--588
--00:37:50,970 ~-~-> 00:37:57,120
--days ICT? Well, there is classically there is a not to show
--
--589
--00:37:57,120 ~-~-> 00:38:06,510
--it to you like this. If you're looking at a chart, and
--
--590
--00:38:26,220 ~-~-> 00:38:32,880
--we're looking at an old low. I teach this and this is really
--
--591
--00:38:32,880 ~-~-> 00:38:36,960
--this is a fundamental truth that if you look at most turning
--
--592
--00:38:36,960 ~-~-> 00:38:43,680
--points in the marketplace, you see some kind of depiction of
--
--593
--00:38:43,710 ~-~-> 00:38:46,110
--a turning point like this in price, this would be like a
--
--594
--00:38:46,110 ~-~-> 00:38:49,470
--swing low. Now if you're using things like with mt four,
--
--595
--00:38:49,470 ~-~-> 00:38:53,910
--they have a fractal indicator. I don't I'm not I've never
--
--596
--00:38:53,910 ~-~-> 00:38:55,710
--been a fan of that. And even if you look back at the stuff I
--
--597
--00:38:55,710 ~-~-> 00:38:58,950
--did, when I stepped down the stage, just to teach on forex
--
--598
--00:38:58,950 ~-~-> 00:39:04,260
--in 2010. I went against that whole empty for fractal
--
--599
--00:39:04,260 ~-~-> 00:39:08,730
--indicator because it requires five candles and five candles.
--
--600
--00:39:09,480 ~-~-> 00:39:12,960
--Good grief, the moves already done. We're anticipating the
--
--601
--00:39:12,960 ~-~-> 00:39:15,960
--lowest candle to go into something like this generally,
--
--602
--00:39:16,200 ~-~-> 00:39:18,990
--that's how I take as I teach it, there's something down
--
--603
--00:39:19,050 ~-~-> 00:39:22,530
--there we're anticipating the next candle if it has a higher
--
--604
--00:39:22,530 ~-~-> 00:39:26,760
--low right away, that's the turning point for me. So we look
--
--605
--00:39:26,760 ~-~-> 00:39:31,890
--back three days because this event like it does hear when it
--
--606
--00:39:31,890 ~-~-> 00:39:33,840
--runs below the old daily low that's indicated by this line
--
--607
--00:39:33,840 ~-~-> 00:39:38,490
--here. When that occurs, it might not just be a one day
--
--608
--00:39:38,490 ~-~-> 00:39:41,490
--event, it might be a two day event where it goes even
--
--609
--00:39:41,490 ~-~-> 00:39:45,720
--deeper. So when it creates that, we count that as day one,
--
--610
--00:39:45,810 ~-~-> 00:39:49,530
--two, and three, and we identify that liquidity on those
--
--611
--00:39:49,530 ~-~-> 00:39:56,550
--days. If it goes lower, I'm still going to refer back to the
--
--612
--00:39:56,550 ~-~-> 00:39:59,640
--original day three. It just gives us one more day of
--
--613
--00:39:59,640 ~-~-> 00:40:03,930
--potential liquidity, it may reach four. But it's a three day
--
--614
--00:40:03,990 ~-~-> 00:40:06,210
--on the basis that it creates turning points. And just like
--
--615
--00:40:07,110 ~-~-> 00:40:09,720
--everything else I teach, if you just reverse it and put this
--
--616
--00:40:09,720 ~-~-> 00:40:14,040
--here, the swing highs form, generally like this, we have a
--
--617
--00:40:14,040 ~-~-> 00:40:18,300
--high, a higher high and a candle, it has a lower high. Now
--
--618
--00:40:18,330 ~-~-> 00:40:20,940
--this candle is high might be lower than this candle is high,
--
--619
--00:40:20,970 ~-~-> 00:40:26,580
--or it could be higher. The real point is that there's a
--
--620
--00:40:26,580 ~-~-> 00:40:29,370
--candle that has a lower high to the left, a lower high to
--
--621
--00:40:29,370 ~-~-> 00:40:33,960
--the right. And that's usually a classic swing high. Swing
--
--622
--00:40:33,960 ~-~-> 00:40:38,250
--low, again, has a higher low to the left, a higher low to
--
--623
--00:40:38,250 ~-~-> 00:40:42,270
--the right. And this could be a higher low than this candle,
--
--624
--00:40:42,300 ~-~-> 00:40:47,640
--or it could be lower, it doesn't that's not what we're
--
--625
--00:40:47,790 ~-~-> 00:40:51,420
--really pressing here. There is logic behind what I'm showing
--
--626
--00:40:51,420 ~-~-> 00:40:55,110
--you here, you can use other things for that, which is a
--
--627
--00:40:55,140 ~-~-> 00:40:58,590
--completely different lesson. But for just a classification
--
--628
--00:40:58,590 ~-~-> 00:41:02,070
--with swing high swing low for turning point basis. This is
--
--629
--00:41:02,070 ~-~-> 00:41:05,490
--what it graphically looks like. Most times it doesn't always
--
--630
--00:41:05,880 ~-~-> 00:41:09,180
--appear like that. But on most cases, it does look like that.
--
--631
--00:41:09,180 ~-~-> 00:41:11,910
--And that's the reason why the logic is three days because
--
--632
--00:41:12,840 ~-~-> 00:41:15,090
--the turning points generally form with that type of
--
--633
--00:41:15,090 ~-~-> 00:41:21,300
--structure. Alright. So your job your homework, going forward
--
--634
--00:41:21,300 ~-~-> 00:41:24,990
--using this information is to see how the market reaches for
--
--635
--00:41:24,990 ~-~-> 00:41:26,940
--liquidity. I get a lot of questions all the time, how do you
--
--636
--00:41:26,940 ~-~-> 00:41:29,610
--know what side of the market to trade on? Because if I could
--
--637
--00:41:29,610 ~-~-> 00:41:33,420
--do that ICT if you could just teach me how to learn to be a
--
--638
--00:41:33,420 ~-~-> 00:41:36,330
--buyer or seller? Is it gonna be an update or a down day? I
--
--639
--00:41:36,330 ~-~-> 00:41:39,030
--will be profitable. And I'm going to tell you, you're not
--
--640
--00:41:39,030 ~-~-> 00:41:41,790
--correct in thinking that. Because there's other things is
--
--641
--00:41:41,790 ~-~-> 00:41:43,890
--going to get in the way. When you think you've scratched
--
--642
--00:41:43,890 ~-~-> 00:41:46,440
--that itch, then you'll have 20 more that says, Well ICT
--
--643
--00:41:46,440 ~-~-> 00:41:48,450
--talks about the candles and the wicks and then your argue
--
--644
--00:41:48,450 ~-~-> 00:41:52,200
--about that. When what I just gave you here, did I bring in
--
--645
--00:41:52,200 ~-~-> 00:41:55,710
--Commitment of Traders reports? No. Did I bring in the
--
--646
--00:41:55,710 ~-~-> 00:41:59,310
--traders Trinity, which I don't even look at anymore? No. Did
--
--647
--00:41:59,310 ~-~-> 00:42:03,930
--I talk about pivot points? No mitigation blocks? noop? Did I
--
--648
--00:42:03,930 ~-~-> 00:42:09,870
--teach catapult whiplash? Nope. There's lots of different
--
--649
--00:42:09,870 ~-~-> 00:42:12,360
--patterns. And there's lots of different ways that you can
--
--650
--00:42:12,360 ~-~-> 00:42:15,450
--take small little samplings of the things I teach with the
--
--651
--00:42:15,450 ~-~-> 00:42:18,630
--proper context and narrative. And it becomes a complete
--
--652
--00:42:18,630 ~-~-> 00:42:22,620
--model, you need to look at all of these days here with the
--
--653
--00:42:22,620 ~-~-> 00:42:25,290
--times of day that I teach, which is the London open kill
--
--654
--00:42:25,290 ~-~-> 00:42:27,510
--zone, the New York open kill zone, the London close kill
--
--655
--00:42:27,510 ~-~-> 00:42:31,200
--zone. And look how these patterns form. There's optimal
--
--656
--00:42:31,200 ~-~-> 00:42:34,890
--trade entries in these days based on the logic that it's
--
--657
--00:42:34,890 ~-~-> 00:42:38,010
--going to reach for the liquidity above here. And here,
--
--658
--00:42:39,060 ~-~-> 00:42:39,630
--period.
--
--659
--00:42:40,950 ~-~-> 00:42:44,850
--It's structured, it's not contrived. It's not foreign
--
--660
--00:42:44,850 ~-~-> 00:42:47,610
--fitted, because if you go back and look at every other event
--
--661
--00:42:47,610 ~-~-> 00:42:50,340
--and retry, here's everything, reverse it and look at how the
--
--662
--00:42:50,340 ~-~-> 00:42:54,630
--market does when it trades above old highs. But here's the
--
--663
--00:42:54,630 ~-~-> 00:42:58,800
--thing, you're going to if you are going into this to find
--
--664
--00:42:58,920 ~-~-> 00:43:02,250
--times where it fails. Okay, if that's what you're trying to
--
--665
--00:43:02,250 ~-~-> 00:43:06,060
--do right away, you're going to miss the lessons that it's
--
--666
--00:43:06,060 ~-~-> 00:43:09,930
--going to show you by doing it with the investigative
--
--667
--00:43:09,930 ~-~-> 00:43:13,770
--approach. In other words, does it show this logic because in
--
--668
--00:43:13,770 ~-~-> 00:43:17,040
--future lessons, I'll touch on this again, and it'll be on my
--
--669
--00:43:17,040 ~-~-> 00:43:21,660
--YouTube channel. But you need to first see this, okay,
--
--670
--00:43:21,660 ~-~-> 00:43:24,840
--anything I mean, I can look at my order block theory, and go
--
--671
--00:43:24,840 ~-~-> 00:43:28,350
--in and find 50 examples where it would be viewed as failing,
--
--672
--00:43:28,380 ~-~-> 00:43:30,960
--if you just look at it from the perspective that YouTube
--
--673
--00:43:30,960 ~-~-> 00:43:33,690
--people put up videos and they think they understand my order
--
--674
--00:43:33,690 ~-~-> 00:43:37,380
--block theory, no, it's not complete. My mentorship is not
--
--675
--00:43:37,380 ~-~-> 00:43:42,720
--exhausted that you can always torture the data. And if you
--
--676
--00:43:42,720 ~-~-> 00:43:45,930
--manipulate, you know, hard and fast and long, long enough,
--
--677
--00:43:45,960 ~-~-> 00:43:51,240
--it will confess to anything. But there has to be a logic in
--
--678
--00:43:51,240 ~-~-> 00:43:54,900
--play. So let's go back in closing, take everything off and
--
--679
--00:43:54,900 ~-~-> 00:43:57,900
--go to a daily chart, the market is consolidated for a long
--
--680
--00:43:57,900 ~-~-> 00:44:01,620
--period of time in here. And we have this old low, when the
--
--681
--00:44:01,620 ~-~-> 00:44:05,910
--market drives down below that I don't care if it's going to
--
--682
--00:44:05,910 ~-~-> 00:44:08,460
--go up a little bit and then continue going lower, because
--
--683
--00:44:08,460 ~-~-> 00:44:11,670
--that's not a model I'm trying to frame here I'm not teaching
--
--684
--00:44:11,670 ~-~-> 00:44:14,610
--you long term trading, I'm teaching you a short term way of
--
--685
--00:44:14,610 ~-~-> 00:44:17,730
--determining where the next draw on liquidity is going to be,
--
--686
--00:44:18,210 ~-~-> 00:44:20,820
--is it going to be aiming for the buy side or the sell side?
--
--687
--00:44:21,120 ~-~-> 00:44:25,620
--Now there are other ways to discern whether buy side is
--
--688
--00:44:25,620 ~-~-> 00:44:28,350
--going to be attacked or sell side liquidity to me attacked
--
--689
--00:44:29,430 ~-~-> 00:44:34,230
--in that might be your model. But they all want to lean on
--
--690
--00:44:34,260 ~-~-> 00:44:37,500
--general principles that are generic. And that means when we
--
--691
--00:44:37,500 ~-~-> 00:44:40,290
--have a period like this and consolidation, this old low if
--
--692
--00:44:40,290 ~-~-> 00:44:44,280
--it runs below that, even if it will go lower, and I'm not
--
--693
--00:44:44,280 ~-~-> 00:44:47,220
--saying it will or won't here I'm just saying if it does or
--
--694
--00:44:47,220 ~-~-> 00:44:51,180
--if it will or if it's more inclined to do so. All we're
--
--695
--00:44:51,180 ~-~-> 00:44:55,110
--doing is looking at short term liquidity to frame short term
--
--696
--00:44:55,110 ~-~-> 00:44:59,460
--intraday trades. That's all I'm posing that as a study on
--
--697
--00:44:59,460 ~-~-> 00:45:04,260
--liquidity here. So I framed it on the basis of higher
--
--698
--00:45:04,260 ~-~-> 00:45:08,400
--timeframe liquidity pools, which is sellside. Here, short
--
--699
--00:45:08,400 ~-~-> 00:45:11,640
--term trading logic algorithmic principles, understanding the
--
--700
--00:45:11,640 ~-~-> 00:45:15,300
--open float, where the markets going to attack a specific
--
--701
--00:45:15,300 ~-~-> 00:45:18,240
--side of the marketplace until it gets to a specific
--
--702
--00:45:18,240 ~-~-> 00:45:21,930
--threshold, and then it becomes low probability. Now,
--
--703
--00:45:22,110 ~-~-> 00:45:25,470
--obviously, if it trades higher and goes more higher than
--
--704
--00:45:25,530 ~-~-> 00:45:29,880
--I've outlined on that lower timeframe, then that's a model
--
--705
--00:45:29,880 ~-~-> 00:45:33,030
--outside the scope of what I'm showing you here, it does not
--
--706
--00:45:33,030 ~-~-> 00:45:36,060
--reduce its effectiveness here, it does not mean that this is
--
--707
--00:45:36,060 ~-~-> 00:45:40,140
--any less of a model. And that longer term or intermediate
--
--708
--00:45:40,140 ~-~-> 00:45:44,610
--term trading is better. It just means, which would resonate
--
--709
--00:45:44,610 ~-~-> 00:45:47,790
--more with you as the individual because I'm talking in a way
--
--710
--00:45:47,790 ~-~-> 00:45:51,210
--that it allows the flexibility of the reader and viewer of
--
--711
--00:45:51,210 ~-~-> 00:45:54,960
--my videos to see if it resonates with them. If it doesn't,
--
--712
--00:45:55,200 ~-~-> 00:45:58,530
--I'm not offended. No mentor should be offended, because the
--
--713
--00:45:58,530 ~-~-> 00:46:02,130
--mentor should know that everything isn't always going to
--
--714
--00:46:02,130 ~-~-> 00:46:05,580
--fall in the expectations and alignment with everybody's
--
--715
--00:46:05,580 ~-~-> 00:46:09,210
--psychological makeup, you aren't always going to agree with
--
--716
--00:46:09,210 ~-~-> 00:46:12,810
--everything I say. And the weak minded individuals that come
--
--717
--00:46:12,810 ~-~-> 00:46:16,380
--here, and they they are met with something that is against
--
--718
--00:46:16,440 ~-~-> 00:46:19,740
--the grain of what they believe in, they just quickly dismiss
--
--719
--00:46:19,740 ~-~-> 00:46:23,640
--the entire channel. And they really dismiss the likelihood
--
--720
--00:46:23,640 ~-~-> 00:46:26,790
--potentially picking up on some really amazing things for
--
--721
--00:46:26,790 ~-~-> 00:46:30,750
--free. That may make them a stronger trader, the ones that
--
--722
--00:46:30,750 ~-~-> 00:46:33,360
--come here, and they say, okay, that doesn't really resonate
--
--723
--00:46:33,360 ~-~-> 00:46:37,080
--with me, but they go into a journal and say, Alright, I see
--
--724
--00:46:37,080 ~-~-> 00:46:39,420
--t mentioned this, this, this, and here's my concerns about
--
--725
--00:46:39,420 ~-~-> 00:46:43,710
--that, and why I don't feel any gravitation towards that at
--
--726
--00:46:43,710 ~-~-> 00:46:45,630
--the moment. So
--
--727
--00:46:45,870 ~-~-> 00:46:48,960
--it's not killing the idea, it just means that you have
--
--728
--00:46:48,990 ~-~-> 00:46:52,290
--observed something, you've recorded your observation, and
--
--729
--00:46:52,290 ~-~-> 00:46:55,050
--you kept an open mind about it. Because something else in
--
--730
--00:46:55,050 ~-~-> 00:46:57,660
--the future that you may come in contact with with this
--
--731
--00:46:57,660 ~-~-> 00:47:00,540
--video. Or maybe you're joining the mentorship, maybe you're
--
--732
--00:47:00,540 ~-~-> 00:47:03,510
--not I don't care. But you'll come in contact with another
--
--733
--00:47:03,510 ~-~-> 00:47:07,530
--lesson that it will say, Oh, that makes sense. Because I
--
--734
--00:47:07,530 ~-~-> 00:47:10,170
--remember him talking about this other concept or this
--
--735
--00:47:10,170 ~-~-> 00:47:12,990
--principle and how the markets deliver price. And then it
--
--736
--00:47:12,990 ~-~-> 00:47:15,990
--becomes a complete understanding about something that you
--
--737
--00:47:16,020 ~-~-> 00:47:20,520
--immediately dismissed initially. So always have an open
--
--738
--00:47:20,520 ~-~-> 00:47:24,720
--mind, don't be, you know, close minded to the idea of
--
--739
--00:47:24,720 ~-~-> 00:47:27,420
--learning something that may be uncomfortable at first, or it
--
--740
--00:47:27,420 ~-~-> 00:47:30,900
--may feel too dry, like this lesson could be viewed as this
--
--741
--00:47:30,900 ~-~-> 00:47:33,480
--is really boring. You know, you could have said this and
--
--742
--00:47:33,480 ~-~-> 00:47:36,750
--five minutes. Yeah, I could have said if liquidity is taken
--
--743
--00:47:36,750 ~-~-> 00:47:39,630
--below the old low, look back three days and see if it goes
--
--744
--00:47:39,630 ~-~-> 00:47:42,270
--to the Buy, Sell liquidity. But that does not frame all the
--
--745
--00:47:42,270 ~-~-> 00:47:46,170
--necessary logic that I gave you in this video. Okay, try to
--
--746
--00:47:46,230 ~-~-> 00:47:48,960
--try to reduce it down to what you think it should be said.
--
--747
--00:47:49,350 ~-~-> 00:47:52,560
--And then also lean on the things that I've also outlined in
--
--748
--00:47:52,560 ~-~-> 00:47:56,400
--here that were important in terms of thresholds, what logic
--
--749
--00:47:56,430 ~-~-> 00:48:00,750
--needs to take place, and understand also, that you may have
--
--750
--00:48:00,750 ~-~-> 00:48:04,500
--been able to watch other videos, and you're more versed in
--
--751
--00:48:04,530 ~-~-> 00:48:07,200
--the things that I've talked about in old videos. And that's
--
--752
--00:48:07,200 ~-~-> 00:48:12,240
--usually what happens. People come they watch the videos. And
--
--753
--00:48:12,240 ~-~-> 00:48:14,490
--they are highly opinion because they want to get to the next
--
--754
--00:48:14,490 ~-~-> 00:48:18,930
--new stuff. But there are always new people coming in. And if
--
--755
--00:48:18,930 ~-~-> 00:48:22,890
--I talk about something, I get waves of emails, if they're
--
--756
--00:48:22,890 ~-~-> 00:48:26,400
--new. So I always like to try to sprinkle this within my
--
--757
--00:48:26,400 ~-~-> 00:48:28,500
--videos that say, look, you know, you're not going to learn
--
--758
--00:48:28,500 ~-~-> 00:48:30,780
--this in one video. And I can't encapsulate everything in one
--
--759
--00:48:30,780 ~-~-> 00:48:33,870
--video because there's a lot of other subject matter that
--
--760
--00:48:33,960 ~-~-> 00:48:37,590
--these things lean on. But I tried to reduce it to something
--
--761
--00:48:37,590 ~-~-> 00:48:42,390
--that is scalable, you can see it and understand it logic,
--
--762
--00:48:42,390 ~-~-> 00:48:44,430
--the things that the only moving parts is what I showed you
--
--763
--00:48:44,430 ~-~-> 00:48:47,730
--here. Like I said that I didn't require all the other things
--
--764
--00:48:47,730 ~-~-> 00:48:51,450
--that I know, and that you learned from me. You don't need
--
--765
--00:48:51,450 ~-~-> 00:48:55,350
--all those things. And if you have a price action model is
--
--766
--00:48:55,380 ~-~-> 00:48:58,200
--the the best price action models are the ones that can be
--
--767
--00:48:58,200 ~-~-> 00:49:01,830
--reduced to the back of a business card. Okay, I actually did
--
--768
--00:49:01,830 ~-~-> 00:49:06,510
--this on baby pips, when I was active on their forum. I did
--
--769
--00:49:06,510 ~-~-> 00:49:09,720
--an article, and it was here's my business card. And I
--
--770
--00:49:09,720 ~-~-> 00:49:14,130
--basically said, you know, you may have a lot of
--
--771
--00:49:14,280 ~-~-> 00:49:17,550
--understanding about price. And I believe I do, and I believe
--
--772
--00:49:17,550 ~-~-> 00:49:22,440
--my students do. But those that are profitable, can reduce
--
--773
--00:49:22,440 ~-~-> 00:49:26,010
--the idea that they would use to frame a setup, from
--
--774
--00:49:26,010 ~-~-> 00:49:29,490
--beginning to end with money management and everything. It
--
--775
--00:49:29,490 ~-~-> 00:49:31,800
--can be reduced and written out on the back of a business
--
--776
--00:49:31,800 ~-~-> 00:49:35,640
--card. Now my question to you is, do you have it in your mind
--
--777
--00:49:35,640 ~-~-> 00:49:39,420
--that learning here is going to require you more information
--
--778
--00:49:39,420 ~-~-> 00:49:42,060
--that you cannot fit on the back of a business card? Because
--
--779
--00:49:42,060 ~-~-> 00:49:44,520
--if that's what your expectation is, if that's what you're
--
--780
--00:49:44,520 ~-~-> 00:49:48,450
--afraid of, by you delving into this YouTube channel or even
--
--781
--00:49:48,450 ~-~-> 00:49:52,980
--my mentorship, don't let that be a thing that is a problem.
--
--782
--00:49:53,070 ~-~-> 00:49:56,850
--It's not it's, that's a normal fear and concern, because
--
--783
--00:49:56,850 ~-~-> 00:50:01,440
--there's a lot of information but think of it like this If
--
--784
--00:50:01,440 ~-~-> 00:50:04,320
--you're going to be a doctor, you have to learn a lot about
--
--785
--00:50:04,320 ~-~-> 00:50:08,670
--things in the body that may not be your specialty. When you
--
--786
--00:50:08,670 ~-~-> 00:50:12,360
--start practicing medicine, you may be a foot doctor or hand
--
--787
--00:50:12,360 ~-~-> 00:50:15,600
--doctor, but you had to learn about the skeletal system. on
--
--788
--00:50:15,600 ~-~-> 00:50:18,780
--the, on the cranium, near the clavicle, you had to
--
--789
--00:50:18,780 ~-~-> 00:50:22,860
--understand you, the patella, the kneecap, all these things,
--
--790
--00:50:23,130 ~-~-> 00:50:27,540
--they're not specific to the foot in the sense that
--
--791
--00:50:28,770 ~-~-> 00:50:31,650
--anatomically, that's the area that you're studying. But
--
--792
--00:50:31,680 ~-~-> 00:50:37,380
--something that is occurring in the knee, maybe a real reason
--
--793
--00:50:37,380 ~-~-> 00:50:40,770
--or root cause of the problem you're having in your foot. So
--
--794
--00:50:40,980 ~-~-> 00:50:45,570
--when I teach, I teach an all encompassing approach, because
--
--795
--00:50:45,570 ~-~-> 00:50:49,650
--I don't want any weaknesses at all. So I don't want anyone
--
--796
--00:50:49,650 ~-~-> 00:50:53,760
--to think that coming here with all the information is
--
--797
--00:50:53,760 ~-~-> 00:50:55,890
--available to you, that you're gonna drown in the information
--
--798
--00:50:55,890 ~-~-> 00:51:00,900
--and come out with nothing. Because you we could sit down
--
--799
--00:51:00,900 ~-~-> 00:51:06,660
--here every single week and put one principle in the back of
--
--800
--00:51:06,660 ~-~-> 00:51:09,510
--a business card and say here is a trading model. And this is
--
--801
--00:51:09,510 ~-~-> 00:51:12,330
--all you need to do. Don't do anything outside of this, you
--
--802
--00:51:12,330 ~-~-> 00:51:14,850
--won't get a trade every day. And that's also a problem,
--
--803
--00:51:15,090 ~-~-> 00:51:17,220
--you're gonna have people that want to have a trade every
--
--804
--00:51:17,220 ~-~-> 00:51:21,150
--single day. And if that's the case, then you're a scalper at
--
--805
--00:51:21,150 ~-~-> 00:51:24,990
--heart. You want to be a scalper, okay, then focus on trading
--
--806
--00:51:25,020 ~-~-> 00:51:29,580
--time of day. With the logic I showed you here, principles
--
--807
--00:51:29,580 ~-~-> 00:51:32,700
--like this, where you need to know how the market is going to
--
--808
--00:51:32,700 ~-~-> 00:51:36,720
--draw on the buy side or sell side. And that gives you your
--
--809
--00:51:36,720 ~-~-> 00:51:40,200
--internal intraday bias,
--
--810
--00:51:40,410 ~-~-> 00:51:43,170
--should you be buying or selling, you don't care how the
--
--811
--00:51:43,170 ~-~-> 00:51:45,480
--week's gonna close, you don't care what the trend is going
--
--812
--00:51:45,480 ~-~-> 00:51:47,760
--to be over the next four days or the next three days, what's
--
--813
--00:51:47,760 ~-~-> 00:51:50,730
--the daily range is going to expand in direction higher or
--
--814
--00:51:50,730 ~-~-> 00:51:54,120
--lower? That's all scalper cares about. And you can make
--
--815
--00:51:54,120 ~-~-> 00:51:57,330
--money doing that. You don't you can make money doing that
--
--816
--00:51:57,330 ~-~-> 00:52:00,450
--that would be opposed to the long term downtrend or uptrend
--
--817
--00:52:00,450 ~-~-> 00:52:03,240
--on a daily chart and weekly chart monthly chart. Because
--
--818
--00:52:03,240 ~-~-> 00:52:07,530
--it's scalping. So when you have these questions or concerns
--
--819
--00:52:07,530 ~-~-> 00:52:10,230
--or if you read other people's opinions, or watch their
--
--820
--00:52:10,230 ~-~-> 00:52:13,740
--review via videos and such, they are entitled to their
--
--821
--00:52:13,740 ~-~-> 00:52:17,910
--opinion, they all have their own view on me and other people
--
--822
--00:52:17,910 ~-~-> 00:52:20,940
--and that's fine. They're Welcome to it but it doesn't change
--
--823
--00:52:20,940 ~-~-> 00:52:23,730
--or reduce the effectiveness of the things that I teach or
--
--824
--00:52:23,730 ~-~-> 00:52:27,780
--that you learn here. Okay, so you have to be balanced about
--
--825
--00:52:27,780 ~-~-> 00:52:30,990
--it, and go into it with a proper mindset. And I've given you
--
--826
--00:52:30,990 ~-~-> 00:52:33,570
--a structure here to go in and start studying and you'll see
--
--827
--00:52:33,570 ~-~-> 00:52:36,420
--that these things repeat and as far as intraday, scalping.
--
--828
--00:52:37,530 ~-~-> 00:52:40,590
--intraday, short term trading. This is one of those little
--
--829
--00:52:40,590 ~-~-> 00:52:43,710
--dandies that repeat a lot but you have to have the context
--
--830
--00:52:44,250 ~-~-> 00:52:46,800
--of where the market runs out liquidity on a higher timeframe
--
--831
--00:52:46,800 ~-~-> 00:52:49,410
--chart. So thanks so much good luck and good trading.

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