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ICT YT - 2021-11-17 - Bitcoin Review - Community Post Call

Last modified by Drunk Monkey on 2025-09-27 13:00
1 00:00:11 --> 00:00:16 ICT: Hello folks, Long time, no see, all right, so we're going to look at
2 00:00:17 --> 00:00:25 Bitcoin, okay, before I get into this as a reminder, I have never traded Bitcoin.
3 00:00:26 --> 00:00:32 Never traded Bitcoin outside of, you know, the paper trading venues that you
4 00:00:32 --> 00:00:39 see here on trading view. I practice and dabble in it because there's a lot of
5 00:00:39 --> 00:00:43 interest in it with my students, and I promise I won't give you a real long,
6 00:00:43 --> 00:00:49 boring monolog, but I just want to preface it by saying that the times that
7 00:00:49 --> 00:00:57 I do come out and make public calls with crypto, it takes a lot of time to scroll
8 00:00:57 --> 00:01:02 back through my Community tab on my YouTube channel, but I've made some
9 00:01:02 --> 00:01:08 pretty significant calls on crypto. I have been wrong a few times. I'm not say
10 00:01:08 --> 00:01:15 few. It's like maybe four. I know it's less than five times I was wrong. But
11 00:01:15 --> 00:01:20 the major, significant price moves, the big crash before it got to 20,000 I
12 00:01:20 --> 00:01:27 called that 6000 and then I called six to 3000 didn't get quite down to 3000 I
13 00:01:27 --> 00:01:32 think it was like 3200 don't quote me on that, because I'm not proficient in
14 00:01:32 --> 00:01:37 crypto. I don't really have all the major significant lows. But ended up
15 00:01:37 --> 00:01:42 telling everyone that if it ever went to 20,000 I would tell you publicly before
16 00:01:42 --> 00:01:46 it happened. Before it happened. And I'd said it in 2020 I said we would hit
17 00:01:46 --> 00:01:55 20,000 on Bitcoin by Christmas, and then 30,000 by New Year's. And then I called
18 00:01:55 --> 00:02:01 50,060 1000, and I couldn't see anything beyond 60,000 well, you can look at
19 00:02:01 --> 00:02:05 history, and you can look at the community posts, and there you are. It
20 00:02:07 --> 00:02:11 doesn't mean anything. Okay, I didn't trade it with money, and I know a lot of
21 00:02:11 --> 00:02:21 you like to count pocket change, but I'm actively investigating, if you will,
22 00:02:21 --> 00:02:27 these markets the crypto circuit trading them anytime soon, if at all, really, to
23 00:02:27 --> 00:02:32 be honest with you, but I'm intrigued, because they move around a lot when they
24 00:02:32 --> 00:02:39 do move, but they act very fickle most of the time. And because of that, I am
25 00:02:39 --> 00:02:46 not sold on the idea of putting money into an account to trade them. Okay? So
26 00:02:46 --> 00:02:50 with all that said, just know that I'm not trying to come out and be your
27 00:02:51 --> 00:02:57 friendly neighborhood crypto guru. I'm just sharing something I put on my
28 00:02:57 --> 00:03:06 community tab the other day. Now, when I was looking at Bitcoin, I could sit here
29 00:03:06 --> 00:03:11 and say, when I was watching price trade up to this level here, I was wanting to
30 00:03:11 --> 00:03:16 see it go lower, and to say something like that in this video doesn't really
31 00:03:16 --> 00:03:19 mean anything to anyone. It's going to sound like, Well, anybody can do that,
32 00:03:20 --> 00:03:26 and I'm trying to avoid those types of straw man arguments. But clearly, anyone
33 00:03:26 --> 00:03:31 that's been training on my YouTube channel, you can see this high, the low
34 00:03:31 --> 00:03:35 and the higher high, if it breaks, that comes back up to that. That's what I
35 00:03:35 --> 00:03:39 teach as my breaker. Okay, so it's this down closed candle, right there. That's
36 00:03:39 --> 00:03:45 the breaker. It's not this, it's not that low. It's this candle right here.
37 00:03:46 --> 00:03:53 Okay, so I want to go into the details of what I meant by sharing this chart. I
38 00:03:53 --> 00:04:00 put the link up in my community tab, and the post is on November 15, 2021 and I
39 00:04:00 --> 00:04:06 keep telling myself to make a note of putting the time and the date on the
40 00:04:06 --> 00:04:11 Community tab for whatever reason, it doesn't do that. So YouTube's listening.
41 00:04:11 --> 00:04:15 That's one thing you can improve on your platform, because I don't remember to do
42 00:04:15 --> 00:04:18 it. But nonetheless, there's a lot of people out there. They they copy my
43 00:04:18 --> 00:04:24 posts and they put them other things and share them. They keep a running log of
44 00:04:24 --> 00:04:29 them, which is great, but if you're just trying to use my own community tab to
45 00:04:29 --> 00:04:32 keep track of what I'm saying when I'm saying it, you're gonna have to rely on
46 00:04:32 --> 00:04:37 the chart itself. And it's good because it gives you the time up here and the
47 00:04:37 --> 00:04:43 date. So this was done at that time, and it's on trading view. It's not
48 00:04:43 --> 00:04:49 manipulated, it's not photoshopped, it's not augmented in any kind of way. The
49 00:04:49 --> 00:04:53 link takes you right into trading view, okay? And I had this little icon down
50 00:04:53 --> 00:04:59 here, that eyeball. And if you're new to me when I used to teach on Twitter,
51 00:04:59 --> 00:05:04 which I'm not on. Twitter anymore. I am not on Facebook anymore. I don't have
52 00:05:04 --> 00:05:08 any social media accounts. So if you see anybody out there claiming to be me or
53 00:05:08 --> 00:05:13 running an organization on my mentorship, it's not it's not me. Okay?
54 00:05:13 --> 00:05:18 I don't do that. I only operate on my own personal form and mentorship. This
55 00:05:18 --> 00:05:25 YouTube channel and I have a telegram channel, which I very rarely even use,
56 00:05:25 --> 00:05:32 but I promise to use it a lot in 2022 so the eyeball icon, I use that as a way of
57 00:05:32 --> 00:05:37 teaching you visually where your focus as my student, should be on any
58 00:05:37 --> 00:05:42 particular market. So basically, what I'm saying is, when I shared this chart,
59 00:05:42 --> 00:05:50 when it was trading right here, without saying it, without saying, Go short,
60 00:05:50 --> 00:05:55 which I'm not licensed to do, without saying, Get into a trade, which is
61 00:05:55 --> 00:06:00 something I'm not licensed to do. I want you as my student is learning my
62 00:06:00 --> 00:06:11 concepts to, I guess, study it long enough to see if it does go down into
63 00:06:11 --> 00:06:17 this level here. Now why would I assume that this level would be important? I'm
64 00:06:17 --> 00:06:27 going to cover that and why right from here it should drop. So here is a more
65 00:06:27 --> 00:06:31 recent daily chart. At the time of this recording, I just grabbed some
66 00:06:32 --> 00:06:37 screenshots and throw them in a PowerPoint, and I want you to take a
67 00:06:37 --> 00:06:45 look at what has happened since April of 2021, we had this high here. Mark came
68 00:06:45 --> 00:06:52 down, failed to go lower, rallied, actually, if you go back into my
69 00:06:52 --> 00:06:57 community tab, also, I mentioned down in here that while it's great, it's been
70 00:06:58 --> 00:07:02 bearish, and we were expecting some bearishness from in here that it's good
71 00:07:02 --> 00:07:06 to take your profits in here, and ended up becoming an important low. I didn't
72 00:07:06 --> 00:07:13 call it higher from there, so that way we're fair. But when price was trading
73 00:07:13 --> 00:07:22 back above this high here, I had a paper trade loan that I was working with, and
74 00:07:22 --> 00:07:29 I was basically working with a run from here and here and again, practicing with
75 00:07:29 --> 00:07:34 this asset class. I don't do a lot of it. I'm not in here every day with it,
76 00:07:34 --> 00:07:38 but when the daily chart and four hour chart kind of like, Give me something to
77 00:07:38 --> 00:07:43 work with that I'm used to seeing usually pan out in other markets, then
78 00:07:43 --> 00:07:48 I'll dabble in it, and I don't make a big deal about it. I don't say, look at
79 00:07:48 --> 00:07:53 this every day in my mentorship, my students are not bombarded with things
80 00:07:53 --> 00:07:59 that are crypto I, in fact, I I loathe this because it doesn't give me the
81 00:07:59 --> 00:08:02 things I'm used to seeing in the markets that I enjoy, which is futures and four
82 00:08:02 --> 00:08:12 and forex. So if I were to trade every single day and try to engage this market
83 00:08:12 --> 00:08:19 like I do with Forex, okay, or index futures or the equivalent, I would have
84 00:08:19 --> 00:08:26 a lot of losses, because the things that I'm looking for in futures and forex,
85 00:08:27 --> 00:08:34 they don't exist to the same degree and efficiency in this asset class. Now I'm
86 00:08:34 --> 00:08:39 not saying that it won't do it in the future. That's what I'm intrigued about.
87 00:08:39 --> 00:08:45 Like I want to see is it growing towards that level of efficiency? If it does,
88 00:08:46 --> 00:08:51 then I will absolutely be going into this asset class and be very vocal about
89 00:08:51 --> 00:08:57 it. But for those enthusiasts that have always tried to convert me into a crypto
90 00:08:57 --> 00:09:02 trader, I do dabble in it, and once in a while, when I see something I'm very
91 00:09:02 --> 00:09:10 confident about, I'll make my views public. I do not have 90% strike rate in
92 00:09:10 --> 00:09:16 this in my case studies, and when I'm practicing the times that I do show,
93 00:09:17 --> 00:09:21 they're pretty consistent, and it's because I'm looking at things that would
94 00:09:21 --> 00:09:26 otherwise line up with sound logic, with price action. I want to cover that now.
95 00:09:26 --> 00:09:30 So we had this high here in April, and we traded back above. And you saw me
96 00:09:30 --> 00:09:35 exit a trade, and I said, sometimes crypto does. We're not expecting it to,
97 00:09:35 --> 00:09:41 like in forex or futures, and then it collapsed trade back down to an order
98 00:09:41 --> 00:09:46 block here, rally a little bit consolidated and then sent it one more
99 00:09:46 --> 00:09:51 time higher than that high. Now think about what's happening here. We have an
100 00:09:51 --> 00:09:52 old high
101 00:09:53 --> 00:09:59 over six months ago, so that's an important high, lot to decline from
102 00:09:59 --> 00:10:04 there. And liquidity was tagged here, and it broke down, and then one more
103 00:10:04 --> 00:10:11 time, sent it higher. This is classic, classic, classic price action. Anyone
104 00:10:11 --> 00:10:16 that was selling short here, they get removed. They're no longer in the game.
105 00:10:17 --> 00:10:21 When you have a old high taken out like this, and it drops down. That is called
106 00:10:21 --> 00:10:25 priming. And what that does is it gets traders thinking that the market's
107 00:10:25 --> 00:10:32 created a long term high or a altogether reversal, and lots of interest starts to
108 00:10:32 --> 00:10:36 pour into that marketplace. Retail will be selling it down here in these lows
109 00:10:36 --> 00:10:41 and place stop losses up here, if they place a stop loss at all, the market
110 00:10:41 --> 00:10:46 runs higher, taking those traders out, but that run right there, is
111 00:10:47 --> 00:10:53 engineering, the perfect opportunity for shorts or bears to come in at a really
112 00:10:53 --> 00:10:59 good price, above an old high. Now, I know some of you expect to see this
113 00:11:00 --> 00:11:07 Bitcoin and such go to 100,000 this year or in the soon to come in months. I'm
114 00:11:07 --> 00:11:12 not of that opinion right now. Okay, I don't, I don't see that now. It's
115 00:11:12 --> 00:11:19 because I don't have any experience with it, and we're at all time highs. I think
116 00:11:19 --> 00:11:22 it's just wishful thinking. You know, some people out there say it's going to
117 00:11:22 --> 00:11:25 go to a million. To a million. Who knows? I don't know. I'm not claiming to
118 00:11:25 --> 00:11:28 know that. I'm just being honest and saying I don't personally subscribe to
119 00:11:28 --> 00:11:35 that now, because it took out this high here and it broke down back below this
120 00:11:35 --> 00:11:43 old high here, this little bit of a rally in there that return up in above
121 00:11:43 --> 00:11:49 the old high. I expect to see that as a failure. And with this high here we're
122 00:11:49 --> 00:11:55 going to go into the lower time frame hourly chart. And here we have again,
123 00:11:55 --> 00:12:01 high, low, higher, high, and this is the hourly chart, but it's a little bit
124 00:12:01 --> 00:12:07 more, I guess details added to it, not by much, but the original chart I
125 00:12:07 --> 00:12:10 shared, which was the first slide in this presentation, didn't have all these
126 00:12:10 --> 00:12:16 little lipstick markers here, but that is a breaker the down close. Can they'll
127 00:12:16 --> 00:12:20 extend it out in time, if the market trades back up into it, that should
128 00:12:21 --> 00:12:26 induce short selling. Short selling comes in the marketplace, and then we
129 00:12:26 --> 00:12:34 have the same pattern here formed here we have a high, a low, higher, high. So
130 00:12:34 --> 00:12:40 this is a bearish breaker also. Now I want you to think about what you see
131 00:12:40 --> 00:12:46 here that wasn't in that original post on my community tab, this low, right
132 00:12:46 --> 00:12:51 here. So we have a low, another low, and I teach this as a relative equal low,
133 00:12:51 --> 00:12:55 lots of liquidity in the form of cell stops would be resting below here, which
134 00:12:55 --> 00:13:00 is what I teach is sell side liquidity. That's going to be a draw on liquidity.
135 00:13:00 --> 00:13:06 That means, think of it like a magnet. And all of these candles are like paper
136 00:13:06 --> 00:13:10 clips, and they're just being released and dropped. Where are they going to go
137 00:13:10 --> 00:13:15 to? Where's the magnet below this level here, I'm anchoring your focus below
138 00:13:15 --> 00:13:20 these lows, but it's over here, where it trades to basically run right down into
139 00:13:20 --> 00:13:25 that so much like a paperclip would jump and cling to where the magnet is. The
140 00:13:25 --> 00:13:29 same phenomenons happen here. So I've teach that principles my students in the
141 00:13:29 --> 00:13:35 form of a draw on liquidity means price is going to make its way to a specific
142 00:13:35 --> 00:13:42 level for the purpose of going into these orders that reside over here. So
143 00:13:42 --> 00:13:47 think about the the framework here. We have a market that created a high here
144 00:13:47 --> 00:13:53 and broke down. Someone sold short up here, the ideal scenario for them to be
145 00:13:54 --> 00:14:01 a seller here and get out below here, where there's resting cell stops or an
146 00:14:01 --> 00:14:06 interest to be a buyer, because it did what, it bounced here. It bounced here.
147 00:14:06 --> 00:14:12 So retail logic is it's going to do that down here again support, right? So if
148 00:14:12 --> 00:14:16 that market trades that level, and traders come in thinking with retail
149 00:14:16 --> 00:14:20 logic, they want to be a buyer, right? So how are they going to protect their
150 00:14:20 --> 00:14:25 position? They're going to put a stop loss in the form of a cell stop on their
151 00:14:25 --> 00:14:28 long position. They intend to take when it trades back down these old lows,
152 00:14:28 --> 00:14:35 because they trust every book out there that says this is support. And when it
153 00:14:35 --> 00:14:40 trades down there, they enter longs and they put cell stops below these lows
154 00:14:40 --> 00:14:43 over here, thinking it's going to protect them, and they get wiped out
155 00:14:43 --> 00:14:51 immediately. So that's the general idea of what I was framing that post on. But
156 00:14:51 --> 00:14:56 in this area, in here, you can go in even deeper. This candle was the candle
157 00:14:56 --> 00:15:01 the last one formed when I posted this chart. The. The very first slide in this
158 00:15:01 --> 00:15:05 presentation, I want you to go into this area, which is this breaker here. We're
159 00:15:05 --> 00:15:10 gonna look at an optimal trade entry there. So here's a 15 minute time frame
160 00:15:10 --> 00:15:18 inside that bearish breaker. And we have optimal trade entry there, and we also
161 00:15:18 --> 00:15:24 have one here, and then we have a bearish order block there, and then we
162 00:15:24 --> 00:15:28 have that run down into that liquidity. So there's a few other trades in this,
163 00:15:28 --> 00:15:32 if you're familiar with my concepts on the YouTube channel, and mentorship, but
164 00:15:32 --> 00:15:39 nonetheless, I gave up extensive lecture to my students in mentorship over the
165 00:15:39 --> 00:15:48 weekend. The main focus was reminding them that a lot of folks come to me
166 00:15:48 --> 00:15:52 because they watch my examples, and they see where I get in at and they see where
167 00:15:52 --> 00:15:57 my stop loss is, and they see how precise those entries and exits are. And
168 00:15:57 --> 00:16:04 that's the purpose of me doing it is to inspire you and encourage you. But those
169 00:16:04 --> 00:16:09 entry points and those exit points, if you're a new student, whether under me
170 00:16:09 --> 00:16:15 or anyone else, your number one goal should be understanding where the market
171 00:16:15 --> 00:16:19 should be going to Okay, which is what I teach, is withdrawal and liquidity. So
172 00:16:19 --> 00:16:23 that draw on liquidity is, where's the market going, and why should it get
173 00:16:23 --> 00:16:31 there? Those are the two questions that every trader should wrestle with every
174 00:16:31 --> 00:16:34 time they sit down in front of their charts. If you can't come to the
175 00:16:34 --> 00:16:39 conclusion as to why it should do those two things go to a particular level and
176 00:16:39 --> 00:16:43 why it should get there. And what do I mean by that? What I just explained in
177 00:16:43 --> 00:16:48 terms of who's in control of marketplace right now and who's profiting, where
178 00:16:48 --> 00:16:53 would the ideal exit point be? Okay, so where is it going? Where's it likely
179 00:16:53 --> 00:17:01 reaching for an old low, old high, and what directional bias, does that
180 00:17:01 --> 00:17:06 support? So by having those two questions answered, it gives you a
181 00:17:07 --> 00:17:12 framework in which to work with a bias. I'm not trying to go long in something
182 00:17:12 --> 00:17:17 like this. I would never try to buy this market, because the underpinnings and
183 00:17:17 --> 00:17:22 the existing market structure at that time here was exceedingly bearish. So if
184 00:17:22 --> 00:17:28 it's bearish, I filter out any idea of looking for a long and I focus primarily
185 00:17:28 --> 00:17:34 on what would constitute a low risk cell using optimal trade entry and bearish
186 00:17:34 --> 00:17:38 order blocks, which is taught freely on this YouTube channel. There's the setups
187 00:17:38 --> 00:17:45 in here that would have offered that. But if you go into training and studying
188 00:17:45 --> 00:17:50 my YouTube channel and you're just trying to find the entry techniques,
189 00:17:50 --> 00:17:53 because it seems like that's the secret, that's the secret sauce, is where to get
190 00:17:53 --> 00:17:58 in with ultra small stops, and that's the precision. That's the precision
191 00:17:58 --> 00:18:02 this. You don't need to have precision if you understand the element of the
192 00:18:02 --> 00:18:08 draw on liquidity, because it gives you multiple points of entry, and you need
193 00:18:08 --> 00:18:15 to disconnect yourself from trying to have the maximum profit with the least
194 00:18:15 --> 00:18:18 amount of risk in the beginning, and where it feels counterintuitive in the
195 00:18:18 --> 00:18:21 beginning, because that's what you think you're going To be learning as a trader,
196 00:18:21 --> 00:18:29 not just playing a student of my content, but anyone they like the idea
197 00:18:29 --> 00:18:34 of getting in with a little bit and coming out with a lot and not having any
198 00:18:34 --> 00:18:41 adverse drawdown. And that's unrealistic as a trader when you first start. So the
199 00:18:41 --> 00:18:45 way I teach my students to overcome that and to focus on what is the most
200 00:18:45 --> 00:18:52 significant and salient point at the very beginning of their career and
201 00:18:52 --> 00:18:57 development is to understand where that market is likely to go in a higher time
202 00:18:57 --> 00:19:03 frame. So if a higher Time Frame drawing liquidity is easily seen and framed out.
203 00:19:03 --> 00:19:12 Well, let's take it back up to that original slide here, if it's trading
204 00:19:12 --> 00:19:18 here, the backdrop behind all that is we already have market trading off of what
205 00:19:18 --> 00:19:21 I teach is something there, which is a breaker over here, and we already had
206 00:19:21 --> 00:19:27 stops ran here, and we had stops ran here, and then one more time here. So
207 00:19:27 --> 00:19:34 it's primed to go lower. It's already taken several stages of buy stops out of
208 00:19:34 --> 00:19:39 the marketplace. So where does the market likely go to after it takes buy
209 00:19:39 --> 00:19:45 stops, sell stops, where they reside. Well, we're here now, so we've taken out
210 00:19:45 --> 00:19:52 that low. So you have to now think of that low, that low and below the lows
211 00:19:52 --> 00:19:52 over here.
212 00:19:54 --> 00:20:00 But because it's on a higher time frame, and this is the largest run up you. This
213 00:20:00 --> 00:20:04 is where the largest pool of liquidity for sell stops resides. So it's the
214 00:20:04 --> 00:20:10 honey pot, basically, of the smart money that entered here, if we're to assume
215 00:20:10 --> 00:20:14 that is the case, if they sold short here, if the things I teach are in
216 00:20:15 --> 00:20:20 operation in these asset classes, or crypto specifically, then it should go
217 00:20:20 --> 00:20:27 right down there, and then you see that does so handsomely. So I don't want to
218 00:20:27 --> 00:20:30 give you too much more than what I've already given you here. It may be an
219 00:20:30 --> 00:20:34 oversimplification for some of you. Oh, I knew that. You know, that's great.
220 00:20:34 --> 00:20:38 That means you've learned and you're developing. But a lot of you have just
221 00:20:38 --> 00:20:41 recently found the channel, and maybe this is the first time you were
222 00:20:41 --> 00:20:48 introduced this idea. But if you were in a seminar held by me, and it will be the
223 00:20:48 --> 00:20:53 very first day, the first thing I'm going to teach or talk on is this topic,
224 00:20:53 --> 00:20:56 because this is paramount in the beginning, because everything else is
225 00:20:56 --> 00:21:02 just going to get you in trouble. How much leverage to use? How big of a stop
226 00:21:02 --> 00:21:06 loss? Where to put a stop loss? Where to get in at? Those are the questions that
227 00:21:06 --> 00:21:10 every single trader wants to know right when they first start learning how to
228 00:21:10 --> 00:21:15 trade, because why they're in a hurry to go lose money. That's what they're in a
229 00:21:15 --> 00:21:17 hurry to do. They don't think they're gonna lose any money. They think they're
230 00:21:17 --> 00:21:23 gonna win the lottery. But I tried to be responsible as the mentor and prevent
231 00:21:23 --> 00:21:28 that from happening, and also give them every advantage to learning, which is
232 00:21:28 --> 00:21:31 putting them in the right mindset, looking for the things that are most
233 00:21:31 --> 00:21:37 important, which is, where is the market going and why should it get there? What
234 00:21:37 --> 00:21:41 that does is it unlocks bias, takes your attention to one side or the other in
235 00:21:41 --> 00:21:46 terms of, are you going to be a buyer or a seller? Are you a bull or a bear? If
236 00:21:46 --> 00:21:51 you are bearish on the marketplace, it gives you context to look at the
237 00:21:51 --> 00:21:57 marketplace with, okay, overnight, there should be a high forming between two
238 00:21:57 --> 00:22:02 o'clock and four o'clock in the morning. That's your london session. And if it's
239 00:22:02 --> 00:22:06 bearish, maybe New York will create a continuation after a small retracement,
240 00:22:07 --> 00:22:11 post 7am New York time. Okay, and reverse that. If you're bullish, if
241 00:22:11 --> 00:22:15 you're bullish, you're expecting a low to form on the daily range between two
242 00:22:15 --> 00:22:19 o'clock and four o'clock in the morning during the London session. And after a
243 00:22:19 --> 00:22:25 retracement, you know, lower after seven o'clock in the morning. That may give
244 00:22:25 --> 00:22:32 you a New York session continuation while being bullish. So the question of
245 00:22:32 --> 00:22:37 bias, when do I, you know, hold a bias that's bullish? When do I hold a bearish
246 00:22:37 --> 00:22:41 bias? That is answered by looking at higher Time Frame charts and
247 00:22:41 --> 00:22:47 understanding where it should be drawing to, but also keeping in mind that even
248 00:22:47 --> 00:22:50 though you may have a bearish or bullish bias, doesn't necessarily mean that
249 00:22:50 --> 00:22:53 every single daily candle is going to be an up candle, because your book, your
250 00:22:53 --> 00:22:58 bias is bullish. That's that doesn't work either. So there's a lot of things
251 00:22:58 --> 00:23:00 that go along with building any understanding of daily bias and
252 00:23:00 --> 00:23:07 understanding what you should be doing as a buyer or seller, but it isn't going
253 00:23:07 --> 00:23:11 to ever be answered until you understand this theory, which is, where is the
254 00:23:11 --> 00:23:15 market likely to go, and why should it get there? When I say, why should it get
255 00:23:15 --> 00:23:20 there? That's underlying narrative. Narrative would be smart money sold up
256 00:23:20 --> 00:23:25 here. Stops were taken. It moved quickly away. This is a breaker traded up there,
257 00:23:25 --> 00:23:29 and then it started breaking down aggressively. So it's giving you
258 00:23:29 --> 00:23:36 confirmation that sellers are on the profitable side. So where do they stand
259 00:23:36 --> 00:23:40 to make the most money? The honey pot exit would be down here. That's Candy
260 00:23:40 --> 00:23:43 Land. That's Candy Land. That's where, that's where they want to get to, and
261 00:23:43 --> 00:23:47 they got to submit to holding on to they're short until we get down in
262 00:23:47 --> 00:23:51 there, because once the market trades there, that activates every single one
263 00:23:51 --> 00:23:55 of the sell stops that reside here or will be implemented when the market
264 00:23:55 --> 00:23:59 trades here, and Support Resistance traders come in, and they add more
265 00:23:59 --> 00:24:06 liquidity underneath these lows. So that sell side liquidity in the form of a
266 00:24:06 --> 00:24:13 pool of cell stops, is the perfect counter party to buyers that want to buy
267 00:24:13 --> 00:24:16 back their short that they sold up here because they entered up here, so they
268 00:24:16 --> 00:24:20 sold short. How do you get out of short? You have to buy it back. What's the best
269 00:24:20 --> 00:24:24 scenario to buy it below old lows, and there's willing sellers down here
270 00:24:24 --> 00:24:29 waiting, and then the market trades aggressively and quickly down into that
271 00:24:29 --> 00:24:35 area of liquidity. So I covered basics and introduction to understanding how to
272 00:24:36 --> 00:24:41 build a bias model, how to be a buyer seller, and know how to operate in that,
273 00:24:42 --> 00:24:46 and focus on where the drawing liquidity is, because that's going to help you do
274 00:24:46 --> 00:24:50 that, and then understand the narrative, okay? And I understand that. That
275 00:24:50 --> 00:24:56 probably didn't do it for all of you, but when you look at old data and price
276 00:24:56 --> 00:25:00 moves, and you do your back testing, it's important for you to go in. And try
277 00:25:00 --> 00:25:04 to work out narratives that would have been underway. You may not have
278 00:25:04 --> 00:25:09 understood it or expected it at the time, but use the benefit of hindsight,
279 00:25:09 --> 00:25:13 because that's how I learned. You know, I practiced and practiced and studied
280 00:25:13 --> 00:25:20 old moves. And because of repetition and seeing it so many times, you'll see
281 00:25:20 --> 00:25:25 these things form live, and it's, oh, I expect this, and I expect that, and you
282 00:25:25 --> 00:25:29 won't be perfect. I'm not perfect, but you'll see that. You'll grow in your
283 00:25:29 --> 00:25:33 understanding and your prognostication will improve over time, and you can't
284 00:25:33 --> 00:25:37 rush that either. So hopefully you found this one insightful. Until I'll talk to
285 00:25:37 --> 00:25:39 you next time. Be safe. You.