ICT YT - 2022-05-11 - ICT Mentorship 2022 Episode 25.srt
Last modified by Drunk Monkey on 2022-05-14 10:05
1 | 00:00:07,379 --> 00:00:22,139 | ICT: Alright folks, welcome back. This is our 25th episode, the free YouTube, Sep mentorship for turning 22 In order to open this video up with a very brief |
2 | 00:00:23,129 --> 00:00:33,929 | monologue, alright, some of you are just trying to scrub the video past this part. But bear with me just for a few moments, please. I want you to think about |
3 | 00:00:35,249 --> 00:00:48,419 | how I open this mentorship up how I promised certain things. I said you would learn specific logic that would repeat that it would be algorithmic, it would |
4 | 00:00:48,419 --> 00:01:01,379 | look similar each time it does it, there will be specific rules implied that you would have to follow. And I taught on the basis of time and price. So there's |
5 | 00:01:01,379 --> 00:01:12,959 | going to be things that obviously repeat with those themes. But I want you to go into tonight's lesson with those promises, in the forefront of your mind is what |
6 | 00:01:12,959 --> 00:01:29,129 | I'm teaching and has what I've been teaching exactly what I promised. Are you seeing it in the charts yourself? Now, I'm not asking for a show of hands, how |
7 | 00:01:29,129 --> 00:01:37,409 | many of you are profitable trading with live funds? That's not what I'm saying here. None of you should be trading liberal iPhones with this, you're all still |
8 | 00:01:37,409 --> 00:01:47,009 | learning it. I'm reading some comments. And some people are raising their hand up saying I just killed it today, using what you taught me this much money, |
9 | 00:01:47,009 --> 00:01:58,589 | blah, blah. I don't want you doing that. Okay, because what you're doing is you're rushing in, because you have a sugar rush in high right now. Because |
10 | 00:01:58,589 --> 00:02:06,479 | you've seen things that make sense to you, it resonates with you. And that's great. But don't be in a hurry to get out there and try to make money yet. |
11 | 00:02:07,049 --> 00:02:15,809 | There's things that Mike, you'll see tonight, that will help you still when you think you've already learned that you haven't. And this is for the folks that |
12 | 00:02:15,809 --> 00:02:25,169 | are commenting in my videos, saying that there are other people that will teach what I'm teaching better and to the point. Nobody knows what I'm teaching. I'm |
13 | 00:02:25,169 --> 00:02:33,869 | teaching this for the first time. Okay, you don't know the details behind what it is I'm teaching, you don't know how far I'm gonna take it. And most of these |
14 | 00:02:33,869 --> 00:02:47,999 | guys don't even really trade. So they sound like smart geniuses, after the fact, with Market Replay or old data may have my vocabulary. What I do is I call it |
15 | 00:02:47,999 --> 00:02:56,039 | before it happens, I outline it and why it should happen. Because that's proof of understanding the logic. That's understanding the algorithm. I'm not |
16 | 00:02:56,039 --> 00:03:03,269 | implementing like off, I'm not putting anything in here with supply and demand. And Mr. Chris Laurie can come here and tell me if I'm teaching or trading |
17 | 00:03:03,269 --> 00:03:15,959 | anything like him, because I promise you, none of this is found in his stuff, period. Okay. So when you see folks say, this person teaches ICT better than ICT |
18 | 00:03:16,319 --> 00:03:31,949 | or more to the point. Really, what they're saying is they truncate the concepts down to demonstrating hindsight. So that way, it makes them able to sell courses |
19 | 00:03:31,949 --> 00:03:41,429 | to the neophytes, notice I'm not selling you anything. I have already made millions of dollars, I don't need to hold my hand up and ask you to pay my |
20 | 00:03:41,429 --> 00:03:54,119 | bills. I do this because I love doing it. I don't have a PayPal. I don't have a credit card swiper. I don't have a Cash App. I don't do any of those things. I |
21 | 00:03:54,119 --> 00:04:06,569 | do this because I love doing it. And I'm absolutely loving Hannah FX, or Hannah Forex YouTube channel, because number one, it's given me the female perspective. |
22 | 00:04:07,259 --> 00:04:16,829 | And someone that I think that is really trying to make a go of it. And I'm not concerned whether she really sticks with it long term. And she may come to the |
23 | 00:04:16,829 --> 00:04:26,879 | conclusion that this is not worth it for her. Or it doesn't really jive. It doesn't matter. I'm interested in her development. I'm interested in all of your |
24 | 00:04:26,879 --> 00:04:27,569 | developments. |
25 | 00:04:29,070 --> 00:04:37,590 | Obviously, I can't follow every single person that follows me on YouTube. And some of you may be feeling slighted. Like why did you picker and not my channel? |
26 | 00:04:38,340 --> 00:04:46,560 | Please don't look at it that way. Understand it from a father's perspective because I look at all of you like my children, even those that are older than |
27 | 00:04:46,560 --> 00:04:56,430 | me. I try to teach you with the mindset that someone that has been through this longer than most of you if not all of you. And I don't want to see you get hurt. |
28 | 00:04:57,030 --> 00:05:06,660 | But I also have a daughter that I'm trying to inspire her to do this on her own, because I don't want her relying on another man to feed her to take care of her. |
29 | 00:05:07,380 --> 00:05:20,190 | And I also want her to be able to break those lines of feeling uncomfortable because she's our daughter. So I'm actively interested in this particular |
30 | 00:05:20,190 --> 00:05:31,560 | YouTuber, for that reason, because I have a daughter, and I'm trying to draw affinity with trading through her. Okay, so it may not work, but it's just me |
31 | 00:05:32,430 --> 00:05:41,790 | seeing how another young lady that is inspired to dig into these charts and understand what they're doing, why they're doing what they're doing. And |
32 | 00:05:41,790 --> 00:05:48,780 | hopefully, that will inspire my daughter. Okay, so for the folks that are emailing me and saying, Hey, look, can you follow me? Can you do this? Can you |
33 | 00:05:48,780 --> 00:05:59,130 | do that? Just understand that it's not my interest to try to, you know, sprinkle myself over everyone's channel, because I think, for the most part, when I make |
34 | 00:05:59,130 --> 00:06:10,740 | an appearance in their comment section, it's just like, a rush of people coming in, and like high fiving. Me and praising me in their comment section. I don't |
35 | 00:06:10,740 --> 00:06:18,840 | like that. I don't want to do that. If you all would just refrain from doing that. I probably comment more on other people's channels. But I think it's rude. |
36 | 00:06:19,170 --> 00:06:29,220 | Okay, I don't think it's appropriate. And to those that I have made a appearance in the comment section, and my friends and associates and students that have |
37 | 00:06:29,250 --> 00:06:37,800 | come behind and created like a circus environment around it. I apologize. Because that's not what I'm showing up for I'm going there. Because either I've |
38 | 00:06:37,800 --> 00:06:49,380 | watched your video, I felt that you gave something that was useful to the community, or I just just liked it. So there's that. So with all that, let's get |
39 | 00:06:49,380 --> 00:07:02,880 | into the meat. All right, so we're looking at the E Mini s&p futures, June 2022, delivery contract, price action for the daily chart. Now, before I get into |
40 | 00:07:02,880 --> 00:07:14,220 | this, please write this in your journal. Okay, put your sandwich down, turn the TV off. excuse yourself from your children and your spouse go into another room. |
41 | 00:07:14,220 --> 00:07:26,070 | I promise. We're only gonna be here for a couple minutes tonight. Everything I'm teaching you here, works in forex. Okay. It works. In Forex, it's not limited to |
42 | 00:07:26,130 --> 00:07:33,810 | index futures. Please stop asking questions in the comment section that are answered. If you just simply paid attention to the videos that have already |
43 | 00:07:33,810 --> 00:07:43,290 | produced. Okay, maybe some of you just recently got to this. And you came to this video first. Don't start here. Go back to the very first one. Okay. Now, |
44 | 00:07:44,130 --> 00:07:51,960 | when we're looking at the daily chart, I want you to think about what it is I talked about before happening, explained in great detail why it should take |
45 | 00:07:51,960 --> 00:08:04,530 | place. And when the chart looks like this. Remember, I was talking about how that specific order block was a catalyst for setting up a future move that |
46 | 00:08:04,530 --> 00:08:15,510 | shouldn't see the high of that candle pierced. Nor it's it's the most unlikely level that's being hearing here. Okay, price should not go to and through that. |
47 | 00:08:15,930 --> 00:08:23,670 | This is the most unlikely level to be traded to with a bearish order block. Now, for some of you are like, Oh, can you teach otter blocks, I've already taught |
48 | 00:08:23,670 --> 00:08:31,080 | and introduced order blocks, or somebody that are asking about order blocks. What's my sniper series? Okay, the Scout Sniper series. It's in his YouTube |
49 | 00:08:31,080 --> 00:08:41,370 | channel. It's free. I introduced the order block there. And I'm also teaching more throughout the other series and specifically in this one. Now, that's not |
50 | 00:08:41,370 --> 00:08:42,090 | the whole |
51 | 00:08:43,650 --> 00:08:53,760 | of this model. It's not the secret sauce. Okay, the fair value gap is what I'm trying to teach you to focus on because that small little area in price action. |
52 | 00:08:54,180 --> 00:09:03,780 | That is the thing that is the easiest, if I were to be asked simply, what is it that's the easiest thing for a new trader to sit down and understand right away. |
53 | 00:09:04,740 --> 00:09:14,640 | That's what this mentorship is. This is somebody that has never traded before, that doesn't really know a whole lot about technical analysis. This is my |
54 | 00:09:14,670 --> 00:09:24,150 | introductory version of that. A lot of people and Hannah mentioned this before, she doesn't believe that my concepts are for the neophyte, the brand new. I went |
55 | 00:09:24,150 --> 00:09:35,820 | in with that mindset with this teaching series. Now obviously, I'm not going to teach what a pip is. I'm not going to teach you how to calculate, you know, the |
56 | 00:09:35,910 --> 00:09:45,240 | smallest fluctuation in price because those things can be Googled, okay, there's, they're obvious things that anyone can look up. But the basic of basic |
57 | 00:09:45,270 --> 00:09:52,950 | understanding the time axis down here on the bottom and the price axis up here, and understanding how to find the timeframes like this is a daily chart. You can |
58 | 00:09:52,950 --> 00:10:03,570 | see that right here. I've worked through trading view, you may not want to use trading. Maybe you SierraCharts me Use NinjaTrader, maybe you use TradeStation |
59 | 00:10:03,570 --> 00:10:15,240 | to all those things, or TD Ameritrade, there's all these different brokers out there. But what I want you to learn through and practice through is trading |
60 | 00:10:15,240 --> 00:10:23,790 | view, okay? You don't need to have a subscription to do what I'm showing you. You don't need to pay for anything, you'll see ads, and that's okay. But the |
61 | 00:10:23,790 --> 00:10:32,700 | bottom line is, is I want you to look at the charts like this, then you can segue into whatever your platform is, and work with it there. But understand |
62 | 00:10:32,730 --> 00:10:42,360 | learning the way I'm teaching you with this medium is the best way of doing. So with that, understand that I mentioned that we would go into this area here, not |
63 | 00:10:42,420 --> 00:10:49,650 | trade to the top of that candle. And all this has mentioned in this mentorship series, go back and watch those videos. And I mentioned that we would draw them |
64 | 00:10:49,860 --> 00:11:04,170 | into here and into here. So underneath that low here, and these relatively equal lows, that sell side liquidity. What was the framework that led to me telling |
65 | 00:11:04,170 --> 00:11:13,530 | you that this was a bearish order block, and we're watching that NECA set up a run into our May, seasonal tendency. Now seasonal tendencies are times in the |
66 | 00:11:13,530 --> 00:11:27,840 | year, where markets or specific asset classes will move, generally, not always not 100% of time, not absolutely never gonna fail. They historically have |
67 | 00:11:27,900 --> 00:11:41,490 | produced price swings, that follow a seasonal tendency, that means they usually happen. And one of the things I like to use as a I guess, an analogy would be I |
68 | 00:11:41,490 --> 00:11:51,120 | live on the east coast of United States. So if I live in the east coast of the United States, and I reside in Maryland, okay, would it be reasonable for me to |
69 | 00:11:51,120 --> 00:12:04,230 | expect snow on the Fourth of July? No. What's more likely, sunny, hot. Okay, so that's a seasonal influence. Well, that same influence, not that specific |
70 | 00:12:04,230 --> 00:12:15,720 | method, that dramatic, obviously, but there are periods in the year where the markets have a tendency to do certain things, may tends to be a month where the |
71 | 00:12:15,720 --> 00:12:26,640 | market index futures and stocks they generally drop, they go down. I gave you that beforehand, I explained it to you now didn't give you the details about it. |
72 | 00:12:26,640 --> 00:12:36,600 | But just understand going in every single year, that the last week or so of April, going into the month of May, there's usually a tendency for these |
73 | 00:12:36,600 --> 00:12:43,680 | markets, specifically the s&p, the NASDAQ, the Dow, the Russell, that |
74 | 00:12:43,950 --> 00:12:55,740 | group of markets tends to be weak, not all the time. But generally, if you studied go back through old data, you'll see that's true. Now, by itself, it |
75 | 00:12:55,740 --> 00:13:07,890 | doesn't mean really mean much. But in the hands of someone that's initiated with what I'm teaching you is a roadmap to consistency. You can practice and learn a |
76 | 00:13:07,890 --> 00:13:16,680 | lot about price action by doing this every single year, going through old data. And then you can forward test that going into next year and all the years after. |
77 | 00:13:17,520 --> 00:13:27,270 | But what took place was we had these relative equal highs, I mentioned this, they took the buy stops or the buy side liquidity out who's doing that smart |
78 | 00:13:27,270 --> 00:13:36,570 | money, these individuals that go in and they sell to these buy stops when it's like this. And at the same time when we're entering a period of time, where |
79 | 00:13:36,570 --> 00:13:50,010 | there's a bearish seasonal tendency, that means bearish prices lower expected going into May. So we're seeing a run on liquidity here. With this high, so it |
80 | 00:13:50,010 --> 00:13:58,140 | bumps above these highs and then breaks down. Then we go into an area I mentioned this about your shorter book. And I said we're going to aim for here, |
81 | 00:13:58,200 --> 00:14:09,810 | and then under here and then under here. Okay, so I gave you a perspective beforehand so that we could study it each day, looking for lower prices going in |
82 | 00:14:09,840 --> 00:14:21,300 | booking for the pattern I taught you in this mentorship around specific elements of time. We had this big move from here, down here where it attack the sell |
83 | 00:14:21,300 --> 00:14:32,850 | stops or sell side liquidity. What took place here, smart money so the buy stops. So now they're sitting with a net short position. How did he get out of |
84 | 00:14:32,850 --> 00:14:44,730 | that position? They had to buy it back. How can they buy it back at a cheaper price, guaranteeing them that they're going to be buying from lower priced |
85 | 00:14:44,760 --> 00:14:55,830 | sellers buying the sell sauce here, sell side liquidity rests below here. Why are their sales thoughts below there because traders have models that want to |
86 | 00:14:55,830 --> 00:15:07,620 | capture these types of moves and expect things like this high to be taken Now before they start trailing a stop loss, large fund traders, not retail Rick that |
87 | 00:15:07,620 --> 00:15:16,290 | trades on empty for. Okay, that's not what I'm talking about. But historically, you're gonna find out that retail traders are going to have many times their |
88 | 00:15:16,290 --> 00:15:25,770 | stop losses in the same area that large funds will. The only difference in the only contrast between the two is that retail Rick or people that are very small |
89 | 00:15:25,770 --> 00:15:36,390 | speculators, the small traders, liquidity is so minut it's tiny. It's irrelevant. But that argument is used by people that don't understand what |
90 | 00:15:36,390 --> 00:15:45,090 | you're talking about, because they'll say what I'm teaching other quote unquote, institutional traders, or other youtubers laugh when they say they look at what |
91 | 00:15:45,090 --> 00:15:53,400 | I'm teaching, and they say, it doesn't work, or it's nonsense, or it's a fallacy. These same people aren't going out and saying how it's a fallacy when |
92 | 00:15:53,400 --> 00:16:00,600 | I'm calling you before it happens. And now when I say things like that, that takes people that want to come in critically and say, Look, he's bragging, I'm |
93 | 00:16:00,600 --> 00:16:09,960 | not bragging, I'm asking you all to come in and investigate the things I'm teaching. If they don't hold up, they won't hold up. But if they hold up, and |
94 | 00:16:09,960 --> 00:16:23,190 | the things I'm talking about happen before they happen, what does that mean? Is it mean, it's luck? No. Is it leaning on a retail logic? No, it's not supporting |
95 | 00:16:23,190 --> 00:16:35,640 | resistance. It's not supplying to me, and I'm trading with factors that are outside of that. So what is it, I'm teaching you liquidity, I'm showing you that |
96 | 00:16:35,640 --> 00:16:44,430 | market efficiency paradigm that I taught earlier in this series, where you are being trained to go into the marketplace and look at how liquidity that is |
97 | 00:16:44,430 --> 00:16:55,620 | resting in the market or will be engineered to be there where you want it to be with me. Above old highs, those buy stops are being triggered. So smart money |
98 | 00:16:55,800 --> 00:17:05,280 | can go short, they're selling short to these buy stops, and they're gonna buy it back from resting sell stops that are resting below here sell side liquidity. So |
99 | 00:17:05,280 --> 00:17:15,330 | we're not looking at patterns sake, trading. We're not looking at indicators. We're not trying to reinvent the wheel, rename old retail logic that's flawed. |
100 | 00:17:15,810 --> 00:17:27,360 | And give it I'm teaching you a whole different perspective on how these markets book, they have always looked like this. The advantage is that everything is |
101 | 00:17:27,360 --> 00:17:33,360 | switched to electronic trading. That means it's much more efficient and faster. So |
102 | 00:17:34,680 --> 00:17:44,400 | me teaching this is not going to change the fact that this is what goes on. Okay, it will not stop working. You will have losing trades, if you trade with |
103 | 00:17:44,400 --> 00:17:54,060 | lifelines. Understand that I have losing trades, you're going to have losing trades. But you're going to understand why you're wrong. You won't beat yourself |
104 | 00:17:54,060 --> 00:18:04,140 | up about it if you're smart and listen to what I'm telling you to do and avoid the things that toxic thoughts build. But you will know more specifically, the |
105 | 00:18:04,140 --> 00:18:15,960 | times and locations where these formations are likely to be successful. Understand the difference between that it's not promising profitability. It's |
106 | 00:18:15,960 --> 00:18:25,560 | not promising 100% win rate, I'm not promising you a high rate of return because all of you are in the driver's seat. But look at this chart. Is this not what I |
107 | 00:18:25,560 --> 00:18:34,230 | outlined before it happened? Absolutely this. So this is on a daily chart. This is answering the folks that say you know I don't want to do this intraday |
108 | 00:18:34,230 --> 00:18:42,000 | trading, what's your target audience, my target audience is whoever wants to listen. And then they're going to take what I'm teaching, and scale it to |
109 | 00:18:42,000 --> 00:18:50,160 | whatever timeframe they want to utilize. If they want to be a swing trader. This is it. This is the model that I showed you, right here, just being applied to |
110 | 00:18:50,160 --> 00:19:04,050 | this timeframe. If you don't see the logic behind it, it's because you're still early in your stages of development. It's okay. Don't rush it. Don't be in a |
111 | 00:19:04,050 --> 00:19:12,300 | hurry to understand everything and feel like you're, you're gonna lose your mind if you don't have it understood in a couple of weeks. Just enjoy the process. |
112 | 00:19:12,720 --> 00:19:19,440 | I'm giving you the logic and I'm showing you where it's gonna go before it happens when it's applicable. I'm not promising to do that. I'm not an Oracle |
113 | 00:19:19,440 --> 00:19:30,600 | for you. Okay. All right. So we're looking at this area here, where it drops below this old low. It does it here in here on a shallow basis, but then we have |
114 | 00:19:30,600 --> 00:19:42,720 | this real nice decline yesterday on Monday's trading. So I want to take you into this right here. And kind of like build on the idea of what liquidity does once |
115 | 00:19:42,720 --> 00:19:53,280 | it takes out old lows like this. What can it do? So we're zoomed in one, Monday's trading here. Here's Friday's trading. And I want to take your |
116 | 00:19:53,280 --> 00:20:08,070 | attention to something I taught way, way way back in 2010 when I was on baby pips, was contributing to that community. And, as a reminder, one of the things |
117 | 00:20:08,070 --> 00:20:19,380 | I taught was steady the last three days, the open the high, the low and the close in the last three days. Now, for those of you that were part of that |
118 | 00:20:19,380 --> 00:20:33,240 | community back then and knew me, then it was my laboratory experiment, to see if anybody would start seeing the things that I saw early on in my development, |
119 | 00:20:33,960 --> 00:20:42,360 | because nobody really sat down and said, Hey, ICT, look at open high, low and close the last three days, and you're gonna find this thing. Okay. But if you |
120 | 00:20:42,360 --> 00:20:54,630 | were doing those types of things, nobody, not one person came to the realization of the fair value gap. Nobody. Okay. So no one's gonna be able to come out and |
121 | 00:20:54,630 --> 00:21:06,000 | say, oh, yeah, I was that guy that was hacked out. Nobody did that. Okay, I shared this fair value. Because number one, that's powerful, too. It's not going |
122 | 00:21:06,000 --> 00:21:15,060 | to stop working. And it's unique to everything else out there. And it's very specific word forms. And then give you some criteria on how you can find where |
123 | 00:21:15,060 --> 00:21:26,820 | they form also, that are not necessarily where you might expect. But I'm also going to incorporate some of the things like rebalancing. And then where does |
124 | 00:21:26,820 --> 00:21:38,130 | this formation form? I want to take your attention into this candle here. last Friday's low. So if this was Monday, go back the last few days you go here, here |
125 | 00:21:38,160 --> 00:21:49,080 | in here. Now, is there a fear of a gap in that? No. But look, what Monday's trading did. It opened, extended down and closed near low. It was rather large |
126 | 00:21:49,080 --> 00:21:52,830 | range day. Okay, great, wonderful. What do you do with that information? |
127 | 00:21:56,309 --> 00:22:05,459 | Go back to the previous day's low. If you go back to the previous day's low, this is going to be important. Because if you do this, the next trading day, |
128 | 00:22:05,489 --> 00:22:18,209 | which is Tuesday, today's production video date, the 10th of May 2022. If we open up, and because we're below those relative equal lows on a daily chart, and |
129 | 00:22:18,209 --> 00:22:29,999 | we're below this swing low, also, we're now in a deep discount. We don't try to pick bottoms. Okay, we don't try to call the long term lows, while markets are |
130 | 00:22:29,999 --> 00:22:38,459 | bearish. Try to avoid doing a note seems like it's possible because everybody makes videos on YouTube. And they write books and they do articles and they say |
131 | 00:22:38,459 --> 00:22:49,139 | they did this and say they did that. They pick the top, they pick the bottom, I promise you, I know a lot. And I have lost more money, more money, trying to do |
132 | 00:22:49,139 --> 00:23:00,419 | that than any other thing. You don't need to do that. Okay, so now think about what this bias has been on these markets. What have I stated publicly, you all |
133 | 00:23:00,419 --> 00:23:15,599 | know, I've been bearish, right. So when you see a big down day like this, all the indicators gonna flash, oversold. oversold. Okay. I'm not trying to pick a |
134 | 00:23:15,599 --> 00:23:23,099 | bottom, but indicator followers will look for bullish divergence because they think that you're gonna get to ultimate low, and they're gonna ride it up when |
135 | 00:23:23,099 --> 00:23:32,969 | they even if they were lucky to buy the low, the chances of them holding it long term, not likely. So it's a fallacy to try to pursue that. Don't think like |
136 | 00:23:32,969 --> 00:23:44,399 | that. When we have a bias, collectively as traders not not to sing me specifically remind model. If any of you are trading, try to avoid trying to |
137 | 00:23:44,399 --> 00:23:52,469 | pick the tops and the bottoms, there's a lot of meat in between the major turning points. And you can afford to be wrong at the end. Because once you're |
138 | 00:23:52,469 --> 00:23:59,639 | wrong, it'll be obvious, then you can get insane and go the other way. If you have drawdown, just work on getting it back and then work in that middle of the |
139 | 00:23:59,639 --> 00:24:11,969 | move type idea. It serves you well. But I want to take this idea here and we're going to drop down into a lower timeframe. After we see today's price action |
140 | 00:24:11,969 --> 00:24:20,729 | trader right up in here. Now this looks like an indecisive day. So if you're looking at a daily chart, it can be a little confusing, like you know, what took |
141 | 00:24:20,729 --> 00:24:35,519 | place? This is a mixed day. They'll call it No, no, no, no, no, no. Let's go into this formation right here. Okay, I'm gonna give you some logic. Now here's |
142 | 00:24:35,519 --> 00:24:46,649 | the time when we get into the ICT videos that a large percent of you do not want to do this part. You're welcome to obviously not listen, but you're going to |
143 | 00:24:46,649 --> 00:24:55,439 | miss the opportunity of learning. I want you to look at this price action in this fractal. Now what is a fractal fractal is a piece of price action that's |
144 | 00:24:55,439 --> 00:25:04,919 | doing something that I'm trying to draw your attention to. Okay, we're studying a very small segment of price action. That's a fractal. So if we're looking at |
145 | 00:25:04,919 --> 00:25:13,949 | this, and this is that old low that I extend on the daily chart, now it's being visualized on an hourly timeframe. So every one of these candles is not a daily |
146 | 00:25:13,949 --> 00:25:22,589 | candle, which shows the highest highs and lows, well, daily range. It's now an hourly chart where it shows the highest highs and lowest low of each individual |
147 | 00:25:22,619 --> 00:25:32,399 | hour interval, I want you to think about what you see here. Now, for those of you that are new, don't be discouraged if you don't see what I'm going to show. |
148 | 00:25:32,699 --> 00:25:45,239 | But pause the video and look for what you can identify from what I've taught you so far, in this mentorship, do not rush through this, pause it think about what |
149 | 00:25:45,239 --> 00:26:03,029 | you see, and then unpause the video when you're ready. You know who you are you missing out you should have paused it. Alright, so let's add some detail first. |
150 | 00:26:04,379 --> 00:26:14,159 | In perspective, you want to break your daily ranges up by the day. And I taught that midnight starts to cross over to a new day, I don't care what anybody else |
151 | 00:26:14,159 --> 00:26:25,409 | tells you. This is how the algorithm works. It operates on this timeline. Okay, it's on New York time. So it midnight here on Tuesday, we start here, the |
152 | 00:26:25,409 --> 00:26:35,459 | opening prices here. If you draw that out in time, it goes up, it goes down and it comes right back to close to where it opened up at midnight. And it would get |
153 | 00:26:35,459 --> 00:26:42,359 | very close to but that daily chart showed that indecisive candle where it was a lot of wick to the upside, a little bit of wick down to the downside and a small |
154 | 00:26:42,359 --> 00:26:48,329 | little body. Okay, that looks indecisive on that timeframe. |
155 | 00:26:49,049 --> 00:27:03,989 | But if you look closer, and you start framing up the things I taught you, here is relative equal highs. or low. What's the resting low relative equal highs by |
156 | 00:27:03,989 --> 00:27:20,459 | side liquidity? What's resting below an old low sell side liquidity the market runs above at 930. It hits that old world. That red line here that old low, it |
157 | 00:27:20,459 --> 00:27:33,239 | hits that there right at 930 Then all of the buyside is purged. That means all of these spy stops have now been drug into the market by their hair kicking and |
158 | 00:27:33,239 --> 00:27:41,519 | screaming. They're in they're caught long, for they've been short and they've been knocked out of their short position. Either way, it doesn't matter to us |
159 | 00:27:41,579 --> 00:27:51,689 | with this note the debt by side liquidity is likely to be utilized to set up an idea for smart money to be short. Why? Because the bias is bearish. We had not |
160 | 00:27:51,689 --> 00:28:00,419 | changed gears. We're not trying to pick the bottom. So if we're doing this, like smart money, and we're looking at the market like this, and we want to be short |
161 | 00:28:00,419 --> 00:28:10,679 | up here at this trigger event, which we'll look at in a moment, where would you want to off set that short position while you have a nice little short term low |
162 | 00:28:10,679 --> 00:28:20,429 | here. So you can take partial below that it hits it beautifully. And the previous day's low, and it does that run below that low here just as handsomely |
163 | 00:28:20,429 --> 00:28:37,739 | as it did here. So let's go in and use the logic with this idea of rebalancing Mondays daily range keying off of this level here. Notice that the buyside |
164 | 00:28:37,739 --> 00:28:50,609 | liquidity is ran first. This is really important folks, if we would have gone down and took the previous low out Dan ran up here. That to me is not bearish. |
165 | 00:28:51,629 --> 00:29:04,439 | This running above buyside liquidity here at 930. Hitting that without having this load taken out that is bearish because it's within the context of the bias |
166 | 00:29:04,439 --> 00:29:14,159 | that we're looking for. When we're operating in a bearish bias, what we're essentially saying is the markets going to go up to a premium for one of two |
167 | 00:29:14,159 --> 00:29:22,529 | reasons run an old high or highs to take out by side liquidity so that way smart money can counterparty with them with their short positions, they're going to |
168 | 00:29:22,529 --> 00:29:33,149 | sell to those buy stops, then seeking to buy cheaper sell side liquidity, that would be their pool of liquidity to offset district distribute their shorts |
169 | 00:29:33,179 --> 00:29:40,889 | below here. So they're going to sell here at a high price and buy it back at a cheaper price. This is not a random unknown low it's in the marketplace soon as |
170 | 00:29:40,889 --> 00:29:49,499 | that they close that low is known to everyone. But the liquidity resting below that is not necessarily a target or utilization for anybody in any other retail |
171 | 00:29:49,499 --> 00:29:59,669 | idea. That's what I'm trying to shake you by your lapels and say, pay attention. I'm showing you how to look at the marketplace like smart money, not like white |
172 | 00:29:59,669 --> 00:30:08,459 | coffee. is not Wycoff. Okay, it's not same slide and stuff, all these things that people like to attribute. This is not it. This is mine. This is I'm telling |
173 | 00:30:08,459 --> 00:30:16,619 | you how these markets operate. And if it's not happening, after I say it happens or should happen, then I'm a fraud. It's fake, it doesn't hold up. But guess |
174 | 00:30:16,619 --> 00:30:28,349 | what it works hoax. Look at all the people that are now digging their nose in their charts now with this idea. It's catching fire, because it's simplified. |
175 | 00:30:28,349 --> 00:30:37,169 | Now, I'm showing you what works. And it's exciting, isn't it, it's interesting to see these things panning out all the time, every single week, every single |
176 | 00:30:37,169 --> 00:30:49,319 | day. And it was the second poor liquidity is the sell side liquidity, so runs the buy side first, with the bearish bias. So it's doing what I taught in this |
177 | 00:30:49,319 --> 00:31:02,189 | mentorship, it goes up to a premium, then seeks a discount. See that. Now we're gonna drop into a 15 minute timeframe. zoom on in and get a bit more details |
178 | 00:31:02,189 --> 00:31:13,589 | here. And now I have added the 830 timeframe here. And we have the relative equal highs, the market at 830. We're looking for what to happen, the news |
179 | 00:31:13,589 --> 00:31:19,109 | embargo to lift that means that the algorithm will start seeking liquidity as early as that timeframe. |
180 | 00:31:20,220 --> 00:31:32,250 | Now, it might wait till 930. And this candle here is 930. Notice it right there, where we're drawing your attention to because it's rebalancing that entire |
181 | 00:31:32,250 --> 00:31:45,960 | Monday range. It's going back to the previous day prior to Monday. It's all low on Friday. So when you see that it rebalances, the big drop on Monday, it tricks |
182 | 00:31:45,960 --> 00:31:54,600 | people into thinking that it's made the low. And it's going to keep going up. When the only thing it has done is it's gone up to a logical level on that daily |
183 | 00:31:54,600 --> 00:32:10,230 | timeframe. That rebalances all that sell off on Monday. It's been rebalanced. So if you look at the ninth on the 15th, and timeframe, this does not look like |
184 | 00:32:10,230 --> 00:32:22,080 | it's an imbalance. But on a daily candle. It's a large down day. So all of this movement here is big in terms of distribution. On the downside. This is a |
185 | 00:32:22,080 --> 00:32:32,160 | retracement back up into a logical level, which is Fridays? Well, it hits it based on the elements that I've taught you. And it's following what the logic is |
186 | 00:32:32,250 --> 00:32:45,090 | that I shared publicly in this series. Look for relative equal highs at 830. It's going to start looking for high or highs the run that's these over here, |
187 | 00:32:45,330 --> 00:32:56,190 | how far can it go? That's that Friday low. There's your framework. This is that Judas swing that fake rally up, okay? Think about what the daily candle look |
188 | 00:32:56,190 --> 00:33:05,250 | like, before we started dropping down the lower timeframes. It was a big wick up in a little bit of a wick down but it was small little body on the candle for |
189 | 00:33:05,250 --> 00:33:14,220 | Tuesday's training. But if you look at it from the lens of power three, how I teach you, the accumulation, elite 30, use the opening price, it's down here, |
190 | 00:33:14,670 --> 00:33:25,680 | draw that out in time, the rally should take place above that hits a logical level I'm teaching you then it creates the pattern that's in the mentorship area |
191 | 00:33:25,680 --> 00:33:39,330 | you got market structure shift, then starts to show displacement and distribution to the downside attacking a discount array. So this is your power |
192 | 00:33:39,330 --> 00:33:48,750 | three or opens rallies up pretty high and trades down. There's your move power three, but it's inside that daily candle that looks indecisive, right? So you |
193 | 00:33:48,750 --> 00:33:57,630 | have to understand what you're looking at relative to time and price. When you do that. It takes away all that confusion. It provides more clarity. We're going |
194 | 00:33:57,630 --> 00:34:07,410 | to drop down into a five minute chart and start building this into a very visual representation of what you've been learning in this series. Midnight New York |
195 | 00:34:09,030 --> 00:34:18,750 | news embargo at 830 is lifted. Now there wasn't a whole lot of news this morning, admittedly, but this still the same logic relative equal highs at 830 |
196 | 00:34:18,750 --> 00:34:25,980 | starts the algorithm. What's it going to do? It's going to run for a premium. Why? Because the bias is bearish. It's going to return likely up into that |
197 | 00:34:25,980 --> 00:34:36,570 | Friday low to rebalance Monday's trading. It's bearish candle was being rebalanced at 9:30am, the equity market opens. That's this little manipulation |
198 | 00:34:36,570 --> 00:34:47,520 | is okay, what is 930 That's when you expect this little type of move, but it begins at 830. So that our long interval we're expecting when we're bearish, a |
199 | 00:34:47,520 --> 00:34:57,480 | run higher to set up shorts. Now, this short can form inside that hour or it could just provide the leg that sets up the framework that will eventually like |
200 | 00:34:57,480 --> 00:35:04,770 | I'm going to show you here provide you the setup you So all all of it is a matter of studying |
201 | 00:35:04,800 --> 00:35:13,530 | what the markets providing you, it doesn't change the rules, I'm not bending the rules, I'm giving you the logic behind when these algorithms do what they're |
202 | 00:35:13,530 --> 00:35:26,070 | doing. When price starts to spool from 830, up into Friday's low at 930. That's that manipulation time, where they create that little opportunity where it looks |
203 | 00:35:26,070 --> 00:35:33,300 | like it's going to do something, but it's generally the opposite of what it looks like on the chart. And large retail is going to see that as it's breaking |
204 | 00:35:33,300 --> 00:35:40,980 | out, it's going higher, and everyone buy it and chase it. And then they have their 100 parts handed to them. And then they just run the daily range against |
205 | 00:35:40,980 --> 00:35:50,400 | them to take out the sell side over here. Okay, but I want you to look inside this five minute run here. And notice that this whole area shaded here, that's |
206 | 00:35:50,400 --> 00:36:00,690 | the Judas swing, that's the fake rally in a down move that will be profitable for shorts. But at the time, retail won't see that they won't identify it, they |
207 | 00:36:00,690 --> 00:36:12,660 | won't, it won't make any sense, then there'll be caught off guard. But I want you to go into that range here. This right here. That is your displacement. |
208 | 00:36:13,410 --> 00:36:25,350 | Price, swing that right there. That's the leg on a five minute chart, you strip that down, and you start going from 5432, and one until you find your fair |
209 | 00:36:25,350 --> 00:36:34,230 | value. So we're going to do that now. But I'm showing you how you're going to put your feet on the high and the low that for those that don't have the benefit |
210 | 00:36:34,230 --> 00:36:41,730 | of going back in hindsight, you may be watching this video far in the future. I've included it here so that we it's already done for you for for study |
211 | 00:36:41,730 --> 00:36:55,110 | purposes, the 4044 and a half level is equilibrium, or 50% of the range between the high and the low that we're on here that drop down. Why am I needing this |
212 | 00:36:55,140 --> 00:37:04,710 | because we have this swing low broken here. Now it could have stopped there and started to move up. And we would use that range from here to here. But it just |
213 | 00:37:04,710 --> 00:37:13,740 | kept breaking lower, lower, lower. So it broke below this low. And what looks like this low here. So it was several short term lows that were broken. |
214 | 00:37:14,010 --> 00:37:23,580 | Nonetheless, this is the displacement price like so this price swing here, you shade that while you're learning. And then you start breaking that down into the |
215 | 00:37:23,580 --> 00:37:31,800 | lower timeframes. So right now we're on the five minute chart. I want to keep this shaded area here, one, but we're just going to transition from the five |
216 | 00:37:31,800 --> 00:37:41,520 | minute chart down to the four minute chart. So here's the four minute chart. 930 is this candle here. That's your due to swing at 830. It starts its run this is |
217 | 00:37:41,520 --> 00:37:51,270 | the algorithmic price right? Goes to Friday's low rebalances the entire range on Mondays trading, it changes the narrative will retail traders think and |
218 | 00:37:51,270 --> 00:37:59,670 | extremely low. All the bullish divergence they will be seeing other indicators and such they're screaming the buy. And breakout artists are looking at this |
219 | 00:37:59,670 --> 00:38:07,560 | break here because they think this is resistance broken now. Oh, it's coming back down to it. This is what is this resistance broken? Turning support. Right. |
220 | 00:38:07,980 --> 00:38:16,260 | Okay, breaks down a little bit. Okay, then starts to run. Okay. Well, it was one of those instances where it was it went past a little bit, but it's still gonna |
221 | 00:38:16,260 --> 00:38:24,960 | go higher. You can always read into the price action, what retail would be expecting here. But we're looking for something very specific. In this shaded |
222 | 00:38:24,960 --> 00:38:37,650 | area here. We're looking for a fair value get, do you see a fair value gap? Some of you would say this. Yeah, I didn't know that. You read my mind ICT? Why not |
223 | 00:38:37,650 --> 00:38:43,410 | that one would have had, what would happen if I went into that and sold short? Well, first of all, if you did that you were not following the rules. Because |
224 | 00:38:44,160 --> 00:38:53,580 | from this high down to that low, this is equilibrium, we need to get to a premium. We don't want to sell in a discount. That's not what we're doing here. |
225 | 00:38:53,970 --> 00:39:02,160 | So we have to get to this level here. 4044 and a half or higher. That's a premium based on that price swing. |
226 | 00:39:03,540 --> 00:39:15,060 | Do you understand what I just gave you they're like, that's a hard line roll that if you just follow that it will keep you out of so many ill fated |
227 | 00:39:15,450 --> 00:39:23,490 | scenarios. Now it's not 100% that you're gonna follow that and never take a losing trade. Because some of you are asking for that secret recipe like I have |
228 | 00:39:23,490 --> 00:39:34,440 | that. If I had it, I wouldn't give it to you. Okay, so it doesn't exist, and I don't have it. So on both sides of the fence to stop looking for that. Expect to |
229 | 00:39:34,440 --> 00:39:42,210 | lose money. If you're going to trade and you're using live money, you're going to lose money. It's a promise, I'm guaranteeing you, you're always going to run |
230 | 00:39:42,210 --> 00:39:51,960 | into a scenario that will eventually lose capital money will be withdrawn from your account. It sucks. It's not fun. Nobody signs up for that. They sign up for |
231 | 00:39:52,170 --> 00:39:59,370 | Well, if it works in my favor, I could make money. I could make enough money to go on a vacation each year I could pay my car note those types of things. Okay, |
232 | 00:39:59,370 --> 00:40:08,160 | and some of you take Get to an extreme where you want to be rich and ride around and charter airplanes and drive around in cars that cost too much money to use |
233 | 00:40:08,160 --> 00:40:25,020 | their own on saying is I'm going to teach how to read price. Okay, so let's keep it germane to that. So there's no four minute here Vega on the three minute |
234 | 00:40:25,020 --> 00:40:38,970 | chart inside this pink shaded area, that's the displacement like, is there a fair value gap? You can pause the video here if you want, if you need more time. |
235 | 00:40:43,530 --> 00:40:56,400 | All right, for those that are prepared, there is no fair value gap here either. Nothing to do yet. So you dropped down into your two minute chart. Okay, do you |
236 | 00:40:56,400 --> 00:41:01,470 | see a fair value gap? In the two minute chart, you can pause the video if you need more time. |
237 | 00:41:08,010 --> 00:41:23,880 | All right. If you're not prepared, pause the video. Below lo and behold, the unicorn. Here's a very I got small little imbalance right in here. And we took |
238 | 00:41:23,880 --> 00:41:33,510 | out the short term low. Now some of you might see this if you were watching the two minute chart. Okay. So you watch the two minute chart, you saw this short |
239 | 00:41:33,510 --> 00:41:45,360 | term low broken here, or maybe this one here. And you saw this is this displacement? One could argue, perhaps it is. Okay. Now I'm going to give you |
240 | 00:41:46,050 --> 00:41:59,580 | the alternative. This is not twisting the rolls. Is this showing you the logic of when you put a trade on in your demo account? Here that compliance? This |
241 | 00:41:59,610 --> 00:42:14,430 | movement lower creates a fear Baga. Yes, we have a short term load to take them out there. Okay. This entry on the sphere Vega. If you utilize that, where would |
242 | 00:42:14,430 --> 00:42:23,460 | your stop loss be? You would have to be at least above the candle that creates the fair value gap. That's this one here. So your stop will be about here? Did I |
243 | 00:42:23,460 --> 00:42:34,560 | hit it? No. So even if you would have utilized that you're not stopped out with this run here. Now, you might get scared to death wouldn't running up after it |
244 | 00:42:34,560 --> 00:42:45,600 | moves in your favor like this, then comes back and retraces. But you cannot listen to me folks. You cannot open a trade up like this and put a stop above |
245 | 00:42:45,600 --> 00:42:57,840 | here and watch it go down here and want to trail your stop loss real tight. You can't do that. You have to hold with a certain measure of risk open. And this is |
246 | 00:42:57,840 --> 00:43:06,690 | what filters out so many people in this industry. They can't do this. They either rush to get out of a trade that's marginally profitable, because it can't |
247 | 00:43:06,690 --> 00:43:14,430 | stand it. They're making money. And they're so used to seeing it turn against them and unstop amount or squeezing, but they don't use stops, and they get out |
248 | 00:43:14,430 --> 00:43:24,840 | with big losing trades. Once they start getting marginally profitable trades, they get out prematurely. They don't even hold it for the models, rules. Or they |
249 | 00:43:24,840 --> 00:43:32,550 | trail their stop loss so tight so quickly, it strangles the position, it doesn't even get a chance to move in breed. So how do you do that, we're gonna talk a |
250 | 00:43:32,550 --> 00:43:40,740 | little bit about stop placement. Now. Initially, when opens the trade up, the rule is you want to use the candle that creates the fair value get that high |
251 | 00:43:40,740 --> 00:43:52,440 | just above that, okay, one tick two ticks above that, that's sufficient enough. If you are scared, and you just want to use a nice, handsome, ample stop, you |
252 | 00:43:52,440 --> 00:44:02,340 | would use a swing high here. Oh, that's a lot of movement. So what they have micro count positions that you can trade with. So may not be trading them in |
253 | 00:44:03,030 --> 00:44:11,490 | trade micros if it requires you that much of a stop to sleep at night. Okay, knowing that what you're doing isn't gonna wreck and ruin you didn't use micros. |
254 | 00:44:12,000 --> 00:44:24,750 | It's $5 per point or handle versus $50 per handle on a mini. So it's scalable. It's something that most people should be able to weather. If you can't weather |
255 | 00:44:24,750 --> 00:44:32,130 | something like that with a micro then you're really trading, you're not prepared to trade. You don't have enough equity in your underfunded. Okay. And I don't |
256 | 00:44:32,130 --> 00:44:39,930 | mean that we talking down anybody that says the real skinny, okay, a lot of people try to go in here, and they want to trade with $100 account and you're |
257 | 00:44:39,930 --> 00:44:50,940 | just asking to fail, you really are asking to fail. So you can't be undercapitalized. But, once you place your stop here or here. When do you start |
258 | 00:44:50,940 --> 00:45:03,600 | moving your stop? Well, you want to see a larger shift in structure. When this low is taken out down here. Then And then you can move your stock down, say it |
259 | 00:45:03,600 --> 00:45:12,600 | was up here, then you can move it to here, okay? Or maybe here. Why? Because it's already broke down. So it's not going to go down here and come back up |
260 | 00:45:12,600 --> 00:45:19,980 | here. If it does, then you're probably wrong. Or it's going to consolidate, which means it's going to be an ugly condition. We working with it anyway. So |
261 | 00:45:19,980 --> 00:45:28,860 | see the logic there? I'm accepting the fact that I'm probably gonna be wrong if it's stressing me out. But who cares? If it does? Why would I have that opinion |
262 | 00:45:28,860 --> 00:45:40,050 | of not caring? If it stops me out? How many times have you seen this pattern form? Think about it over the course of a week. How many times is a pattern |
263 | 00:45:40,050 --> 00:45:49,440 | form? It's forming somewhere every day. It's forming everywhere, either in the London session, overnight highs and lows, or it's forming in in New York |
264 | 00:45:49,440 --> 00:45:57,720 | session. I'm teaching it in New York session because you have the advantage of knowing what took place in London. That's the That's why I'm teaching this. Does |
265 | 00:45:57,720 --> 00:46:08,190 | it work in London? Absolutely. Does it work in Asia? Not that often. And that's why I haven't pushed hard for Asia, |
266 | 00:46:08,310 --> 00:46:17,280 | I know there's some of you, hey, I need to know something in Asia, for those ideas. And those traders that are really focused on trading that timeframe. And |
267 | 00:46:17,280 --> 00:46:24,570 | because they have businesses or that's just the way they can trade only at the time that they can be in front of the charts. You want to be trading the yen |
268 | 00:46:24,570 --> 00:46:30,660 | pairs. For Forex, you want to be trading the New Zealand dollar and the Australian dollar, they tend to have a little bit more movement during those |
269 | 00:46:30,660 --> 00:46:40,170 | periods, because that's when their markets start. So you can look for this type of pattern form here, only one through five minute charts in the Asian session. |
270 | 00:46:40,200 --> 00:46:47,490 | So I gave you that that's as far as I'm going to go with it, I'm not going to be doing all kinds of videos about it just know, it's one of the most illiquid |
271 | 00:46:47,490 --> 00:46:58,200 | times, for me, I'm letting the market create those periods of the day where a lot of traders are starting early because like anything else, we're really quick |
272 | 00:46:58,200 --> 00:47:08,400 | to get into something. But we rarely ever finish it. And students that come under my wing are really good testimonials about that they'll come in, they'll |
273 | 00:47:08,400 --> 00:47:16,170 | say I'm gonna stick with this, but then they realize it takes a little bit more effort than they're ready for it and he quit. And trading in general is like |
274 | 00:47:16,170 --> 00:47:24,780 | that. And they think that because in New Zealand, Wellington doesn't really begin today. They think and they teach and all these other traders have to say, |
275 | 00:47:25,050 --> 00:47:32,490 | you know, Wellington starts the 24 hour cycle, and it does not start the cycle. This is how you know, someone doesn't know what they're talking about. These |
276 | 00:47:32,490 --> 00:47:39,570 | algorithms operate on New York time, and it begins at midnight, period, end of story. I don't care whose brother's cousin sister knows this guy that works at a |
277 | 00:47:39,570 --> 00:47:48,390 | bank that says ICTs full crap. I don't care. Bring those people here. Challenge what I'm showing you here. Okay, show me how this is wrong. That's all I'm |
278 | 00:47:48,390 --> 00:47:58,560 | asking. Because I'm doing it. I'm proving it. And everybody else is seeing it themselves. So do you dismiss the evidence? Do you ignore it, you walk around |
279 | 00:47:58,560 --> 00:48:08,310 | with blinders on. Because maybe I'm not the personality that fits what you were hoping for in terms of a mentor. I'm being honest. And I'm proving it, I'll show |
280 | 00:48:08,310 --> 00:48:17,460 | it to you. It's repeating. Why argue why wrestle with it, take it be thankful, go in and do something positive with it. |
281 | 00:48:22,830 --> 00:48:36,480 | So here's what we have. We have the whole model, identifying a set up, moving back to a rebalance of Monday's pre price range, back up to Friday's low, |
282 | 00:48:37,500 --> 00:48:48,450 | hitting that level there. And then creating the setup that's happening at the time elements. The same way I teach it in the series. And here it is, comes in |
283 | 00:48:48,450 --> 00:49:06,330 | hits it breaks down. Pairs out with the sell sell liquidity Smart Money sell short here. And then as to it here. Breaks trades in the here during the lunch |
284 | 00:49:06,330 --> 00:49:14,790 | hour, your limit order if it was used, would be filled during the lunch hour and not around 1230. The only thing about this day that I did not like is I would |
285 | 00:49:14,790 --> 00:49:23,820 | have rather seen it deliver this movement here just ahead. If not rate at 12 o'clock. That's the only thing that did not line up with what I was expecting |
286 | 00:49:23,820 --> 00:49:34,050 | today. I was looking for this candle right here, the pumps down and hit that level go through it like it did here. And it was just about 27 minutes later. So |
287 | 00:49:34,380 --> 00:49:49,500 | that's not bad, right? I mean, looking at it like this. Doesn't this make sense? Seriously, folks, in closing, doesn't this logic make sense? The market goes up |
288 | 00:49:49,500 --> 00:49:57,240 | to trick people on the thing that's gonna go higher or not those people that are short making money going down in other words, their orders that protects them or |
289 | 00:49:57,240 --> 00:50:06,180 | puts them in a new trade going up or out of a short trade. Do that buyside liquidity is attacked, the algorithm goes up there, not because people bought |
290 | 00:50:06,180 --> 00:50:17,190 | it, not because smart traders work together to get the trades to go up there because of their buying pressure. That's not what this is, folks. The algorithm |
291 | 00:50:17,190 --> 00:50:31,980 | goes up here, whether there is sufficient volume or not. That's the dividing statement. When I say those types of things, people that think they understand |
292 | 00:50:31,980 --> 00:50:39,540 | these markets, people that have made money doing things that have nothing to do with how these markets book, it's hard for them to understand what I'm saying, |
293 | 00:50:39,570 --> 00:50:51,420 | because their faith based religion on their system prevents them from seeing the obvious logic has been shown here. These markets are controlled and they're |
294 | 00:50:51,420 --> 00:51:04,440 | rigged, and they're algorithmically driven. How many times do you need to see these things before you can just lay down all the other ideas, there's no reason |
295 | 00:51:04,440 --> 00:51:14,100 | to buy other people's courses. And I'm not going to get flamed for this, and no one's going to invite more trolls. I don't care. Okay, you don't need to buy any |
296 | 00:51:14,100 --> 00:51:26,670 | courses. You don't need to be in anybody else's subscriptions. Okay, teaching rehash stuff. What I'm showing you here, if you put the time in learning this, |
297 | 00:51:26,970 --> 00:51:35,310 | you will not need to do anything else. Period, you won't need to worry about breakers, you won't need to worry about mitigation blocks, you won't need to |
298 | 00:51:35,310 --> 00:51:45,570 | worry about by Sanibel and sellside inefficiencies, none of those things. That's also taught in the things I teach in my private group. Why? Why would you want |
299 | 00:51:45,570 --> 00:51:53,790 | anything more than this? This is so easy. It's so easy. It doesn't inundate you with so many things and variables. That's what's going on right now. I'm gonna |
300 | 00:51:53,790 --> 00:52:07,170 | be honest with you, folks. My private group, which no one can join anymore, is so rich, with things that make it almost impossible for most of the students to |
301 | 00:52:07,170 --> 00:52:17,250 | pick what they are going to settle in, because everything I show works, but they can't settle on one thing, because they're like a kid in the candy store. And |
302 | 00:52:17,250 --> 00:52:25,500 | because of that, they're not really fully engaging with one specific approach. With this. Listen to the comments, we'll read the comments, actually, some of |
303 | 00:52:25,500 --> 00:52:35,340 | them are actually in the comment saying, this worked for me. And they've been charter members for years. What was it, I did what I've trained them to do, but |
304 | 00:52:35,340 --> 00:52:45,030 | they weren't willing to do on their own, which is take what makes sense. One pattern one set up, applied time and price theories that I teach around the |
305 | 00:52:45,030 --> 00:52:55,860 | algorithmic ideas, and then look for that one setup, and submitted it just that and make it very, very simple. That's what this is, folks, I can do this with a |
306 | 00:52:55,860 --> 00:53:00,810 | breaker, I can do this with a mitigation block, I can do this with a |
307 | 00:53:02,040 --> 00:53:12,120 | just a stop, run on buy stops, I can do it with a run on sell stops, I can simplify all this. Anything I trade with, I can do this. The same way I can |
308 | 00:53:12,120 --> 00:53:21,570 | strip it down to a simple model. There's no need to ask me to join my private group, folks. So please stop asking in the comment section. Please stop sending |
309 | 00:53:21,570 --> 00:53:31,980 | me emails, I don't want your money. I don't need your money. Okay, I don't need any of those types of things. I want to do what I'm doing here I am Joy, this, I |
310 | 00:53:31,980 --> 00:53:41,790 | am a teacher at heart. I love doing this in the fact that I'm seeing so many people around the world dive into this and find their own niche and it and it |
311 | 00:53:41,790 --> 00:53:51,090 | only takes the time to invest in reading the things I'm showing in the chart, listening to the logic, I'm teaching in the audio commentary, and then doing the |
312 | 00:53:51,090 --> 00:54:01,080 | homework assignments of back testing and looking at you will decide at that moment. If this is something that fits you, if it doesn't fit you, there's no |
313 | 00:54:01,080 --> 00:54:11,460 | harm in that. I'm not offended by that. I have people that paid me this. I just can't make this work for me. And I have other people that are killing it. What's |
314 | 00:54:11,460 --> 00:54:21,600 | the difference? Personality and capacity. Some people can't do it at all. Some people can do it, they just haven't done the proper things in the right order. |
315 | 00:54:24,690 --> 00:54:36,270 | This is a simplification. What I have done here in this series, whether you realize it or not my mentorship group that have paid me some of them were |
316 | 00:54:36,270 --> 00:54:44,490 | kicking and screaming because I've done this others majority have been very appreciative because they have used this to help understand what it is that they |
317 | 00:54:44,490 --> 00:54:51,720 | should be doing with all the other things I taught. Now when I say that, it sounds like I'm dangling a carrot. Oh, he's got more secret stuff and this is |
318 | 00:54:51,720 --> 00:55:05,880 | bad. There is nothing more easier, readily made this go out and start dealing with that. then this, okay, I swear to you. Okay, listen, folks, this is an |
319 | 00:55:05,880 --> 00:55:19,410 | invitation if you are a private member of my mentorship, okay? Tell everyone in the comment section, that this is something that has been spelled out very |
320 | 00:55:19,410 --> 00:55:30,690 | simply and plainly, better than any other model that I've done. I've done 12 specific trading models in my private mentorship. This one here, I stripped down |
321 | 00:55:30,690 --> 00:55:44,100 | and made it very, very simple with the expectation of my daughter would learn it. This is the easiest ICT application you're ever going to get. I literally |
322 | 00:55:44,100 --> 00:55:54,150 | sat down and said, How can I take something that my daughter who has no interest whatsoever? None? How can I make this so that way she could see it, when to |
323 | 00:55:54,210 --> 00:56:08,430 | expect it? When will it form? How to figure out where it should be? And what do you do once it forms. That's what I've done here. Is it hard? For some of you, |
324 | 00:56:08,460 --> 00:56:15,450 | it would feel like it is because I'm reading some of the comments. And it's because you haven't spent enough time, that's all. But I promise you, when |
325 | 00:56:15,450 --> 00:56:24,900 | there's more examples shown, and you go through the videos a few times, it'll start to become more clear. If you're trying to apply other things like |
326 | 00:56:24,900 --> 00:56:33,360 | bollinger bands and garbage like that, you're not using the model, and you're not going to get the results that would be otherwise available to you if you |
327 | 00:56:33,360 --> 00:56:45,480 | just do what I'm telling you to do, and avoid the things I'm telling you to avoid. That's it, I promise you this, if you give this three months of study, |
328 | 00:56:45,630 --> 00:56:57,600 | serious sleeves rolled up diligently going in every single day back testing and looking at it. And then for at least two or three more months of forward testing |
329 | 00:56:57,600 --> 00:57:14,310 | it six months, six months with just what I've taught here. I am confident I am absolutely confident that you will have found your model. It's simple. It's role |
330 | 00:57:14,310 --> 00:57:25,500 | based. It's visually pleasing to see because you know what you're looking for. It's a specific time pattern with the algorithm. So you're getting in sync with |
331 | 00:57:25,500 --> 00:57:36,930 | what the algorithm is going to do. Just like Smart Money does. Okay? You want to be like the composite man. This is what the composite means doing. He's not |
332 | 00:57:36,930 --> 00:57:46,440 | looking at my golf schematics. And I know that might upset some of you and that's not my intent. But they're looking at liquidity like this. They're |
333 | 00:57:46,440 --> 00:57:53,250 | looking at how the market is going to allow them to fleece. The uninitiated |
334 | 00:57:55,950 --> 00:58:05,880 | this is the way it works, folks. You might not like it. It might feel unfair. So therefore I don't want to believe this guy. He's talking conspiracies. Call it |
335 | 00:58:05,880 --> 00:58:11,730 | whatever you want to call it. I call it the market. Until next time, be safe |