ICT YT - 2022-07-23 - ICT Mentorship Market Review - July 22 2022.srt

Last modified by Drunk Monkey on 2022-07-23 11:41

1	00:00:04,380 --> 00:00:18,990	ICT: Folks, welcome back. So when we're doing a market review here we have the dollar index, trading back down into a range dimension that we would likely
2	00:00:18,990 --> 00:00:29,670	trade down into this area here. We got down into it at a little bit of a consolidation one Thursday, Wednesday, and Tuesday was the only nice big down
3	00:00:29,670 --> 00:00:41,580	day that made sense going into a level just ahead of this imbalance here. So we're gonna drop down to the lower timeframe. Alright, so you can see we had
4	00:00:41,610 --> 00:00:52,980	Friday, Thursday, Wednesday, Tuesday, Monday's trading, keyed off of our old 107 61 level Fairbury got their optimal trade entry sells off, find some support
5	00:00:52,980 --> 00:01:04,200	at the old 106 42 level. If you're unaware what those levels are, put the line on your chart and go back into your old data. And you'll see what that is
6	00:01:05,850 --> 00:01:18,570	relative equal lows, and here, we swept down after taking by side out here. So all the sell side has been attacked. We've rebounded this imbalance in here, we
7	00:01:18,570 --> 00:01:26,790	also returned back to the bearish order block. So we'll see if they want to get a little bit further down into the one to sixes maybe even touch the one oh
8	00:01:26,790 --> 00:01:41,190	fives, one, five ed on 585. That would spell a short term relief rally on Euro dollar and cable. Alright, John them real tight on the daily chart for euro
9	00:01:41,190 --> 00:01:50,310	dollar. The fair value gap in here I drew your attention to we did in fact get up into it, have yet to go back above it and find some support at it so that
10	00:01:50,310 --> 00:02:02,580	it's not happened, we just had a consolidation week pretty much for the entire week of trading. Nothing here I like in terms of the daily chart, if this would
11	00:02:02,580 --> 00:02:12,210	have came down into this small little gap, that would have been better. But it looks like we could still pop up and return back to that 1.0 314 level. And that
12	00:02:12,210 --> 00:02:20,880	is also in line with the likelihood that the dollar could slip a little bit further on its daily chart into its imbalance. So that will give us a little bit
13	00:02:20,880 --> 00:02:33,570	of a lift to trade up above this short term high, maybe revisit that 1.0 340 level. If we break lower, I'm monitoring this gap below that gap, then we're
14	00:02:33,690 --> 00:02:42,780	going to challenge that low. But for now, I'm still thinking that's like a view on Monday, the likelihood we could trade up into here, but just watch this gap
15	00:02:42,780 --> 00:02:54,000	because that gap might be influential going in. But it's not that much of a range between where we're at here. And that level, so it could do it on one day.
16	00:02:55,110 --> 00:03:05,160	But I'm still thinking it's likely to give us a little bit push higher. Let's go on to the hourly chart for it. Alright, hourly fiber or your USD. You see we had
17	00:03:05,160 --> 00:03:15,390	sellside here attacked after biocide has been taken. So it's been range bound, we're gonna want to show you on the hourly chart for dollar. It's very similar
18	00:03:15,510 --> 00:03:27,990	to what we're seeing here. So it's consolidating, it's setting up the likelihood of a large range event next week. So consolidation now, large ranges next week.
19	00:03:28,230 --> 00:03:38,730	Okay, so that's what we're expecting. Cell sides taken, we're going above and balances rebounds. And we'll see if it wants to get above a trade into the 1.0
20	00:03:38,730 --> 00:03:54,480	threes go to cable, alright, British Pound versus US dollar or cable daily chart, almost completely rebounds all of this. Here. Look at this, the wait for
21	00:03:54,480 --> 00:04:10,740	you will extend this out in time. That's the range that we tried to draw back up into we ran by side. So high, high relative equal highs rid of that and came
22	00:04:10,740 --> 00:04:19,860	back into the range. That to me is sloppy. So this one here's a little bit better versus the euro dollar. We did come back down into that imbalance where
23	00:04:19,890 --> 00:04:32,910	Euro didn't do that. So in my mind, I'm I'm thinking you know, it should have easily closed in that gap, but it didn't do it. So I don't like this pair,
24	00:04:33,270 --> 00:04:44,160	because it's been very fickle. And I don't like trading markets that are doing these types of things. It has to be one sided to define high probability is to
25	00:04:44,160 --> 00:04:53,490	look at it one sided. So it has to be easy to see one side of the marketplace potentially deliver going higher in next to impossible
26	00:04:54,930 --> 00:05:02,250	to frame it as a short. That is my definition of high probability it may not meet the criteria It makes high probability for you because you might use
27	00:05:02,250 --> 00:05:10,080	indicators or some other method. But for me, using just time and price, I'm looking for elements that supports the idea that one sidedness is high
28	00:05:10,080 --> 00:05:20,850	probability, I might be wrong as the analyst. And that has happened. I'm not infallible. But largely, my results are hinged on framing the market in that
29	00:05:20,850 --> 00:05:29,760	capacity, I'm looking for one sidedness. That means I'm looking for the obvious low hanging fruit direction that's going to go to a specific level. There's
30	00:05:29,760 --> 00:05:37,230	nothing ambiguous about it. There's nothing wishy washy about the analysis, and I'm not leaning on anything that would give two sides of the same coin. I'm
31	00:05:37,230 --> 00:05:49,470	looking for one side of this. Okay, let's look at the hourly chart. Again, this week has been consolidated again, much like we saw on the dollar index. So we'll
32	00:05:49,470 --> 00:06:02,190	expect some volatility next week, because we've been range bound for this entire week. Let's look at the gold market. Right, here's gold, I mentioned that we
33	00:06:02,190 --> 00:06:09,960	would run for these lows. And then this low, we got both of them. I mentioned this was likely to be the next drop in liquidity. You look at the low on that
34	00:06:09,960 --> 00:06:32,010	candle comes in at 16 77.9. Basically 1670. And the low of trading on Thursday, came in at 16 90.4. So it was off a half a point, or 50 bucks. So that's that's
35	00:06:32,010 --> 00:06:42,870	pretty close, but it didn't quite get below it. Do I think that it's going to run that low out? I don't know. Like I said this, this is a market, I don't like
36	00:06:42,870 --> 00:06:50,820	to trade a lot because event driven. And if we have a little bit more weakness on the dollar, which is kind of like I'm expecting that going into next week.
37	00:06:51,360 --> 00:07:00,630	That means that we could potentially see gold pop up and go into this area here and attack the buy side as well. So revisit these relative equal lows. Not that
38	00:07:00,630 --> 00:07:09,960	I'm playing support resistance, but I'm really I bone, that little gap right there. Okay. And I'm not going to go on the lower timeframes. Well, yeah, well,
39	00:07:11,460 --> 00:07:25,830	indecisive ICT. Alright, so here is the business on this week, we had the market open up here, consolidate drop down after a phire gap there rolls down and just
40	00:07:25,830 --> 00:07:35,070	fall short of the old low see that said, that's where the old low is on the daily chart, and it just fell short of it there and then vaulted higher, to
41	00:07:35,070 --> 00:07:45,960	attack the buy side here. And what do we have here, relative equal highs, if it's going to go there, it's probably going to sweep that as well. So 1750 1755
42	00:07:45,990 --> 00:07:55,830	ish, that might be doable. I like how we came back into this old high with a fear of a gap trading into it there. So if we get any kind of movement on our
43	00:07:55,830 --> 00:08:07,980	side, weakness on $1 1750 1785 is probably likely to be seen this week coming up. So you see me fail. I didn't get the objective down there, but we got two of
44	00:08:07,980 --> 00:08:23,790	them. So you know, not infallible. Alright, so let's take a look at Yes, right here is the daily chart for E Mini s&p September contract or 2022. And as I
45	00:08:23,790 --> 00:08:33,300	mentioned, earlier in the week, I mentioned that we would see the buy side here, here and here because we already worked the sell side there. So buy side resides
46	00:08:33,750 --> 00:08:44,280	here, here in here, as I mentioned in the previous discussion about Emini, s&p, in the market did in fact drive up and get that liquidity. And ultimately, my
47	00:08:44,280 --> 00:08:52,650	private group knew about this as well. We would reach up into this rebounds this, that low comes in at 4016. Even that's this price level right here, folks,
48	00:08:52,650 --> 00:09:08,970	this look at that right there. And ran up to that today. And when one quarter point above it, look at the high on Friday, 4016 and a quarter. Pretty close. So
49	00:09:09,570 --> 00:09:20,610	obviously, it's just been one direction driving higher for the buy side and rebalancing all of this here. Next week, do we get a pop up continuation
50	00:09:21,990 --> 00:09:32,070	into this area here. That's what I'm watching. So we'll see if we get that just be mindful of this candle here as well. This is the bearish order block. Not
51	00:09:32,070 --> 00:09:43,380	this one, not this one, this one. Okay, this one here. Why, why this one? It's the highest up close candle and it's got a nice body to it. So even though it
52	00:09:43,380 --> 00:09:51,270	has an up close candle here and here, this is the one I would use because this one's higher than that one, the closing basis. And this one's inside that range.
53	00:09:51,330 --> 00:09:59,820	So this is not the bearish short block, okay. So it's dropped down to a lower timeframe. Alright, here's the hourly chart on E Mini s&p. And you can see we
54	00:09:59,820 --> 00:10:13,680	have In a nice run, on Tuesday, ran the objectives outlined in advance. So had this run up, found some support at the level that we were looking for as well as
55	00:10:13,680 --> 00:10:29,220	for buyside. It ran up to the next level, which is 3967, quarter, pull back down in, rally back up, swept the 4000 level inland rate to the 4016 and a quarter
56	00:10:29,220 --> 00:10:41,490	level, that candle right there. You see the high right there. Alright, and you're probably wondering what these levels are. So let me scrunch it up for
57	00:10:41,490 --> 00:11:01,380	you. This imbalance here. That's the level I'm showing you. And here's that daily imbalance being completed with that orange level. So we have a little bit
58	00:11:01,380 --> 00:11:07,890	of an imbalance with some relative equal highs here. Be mindful that going into next week, we could be just going one more time I've been through it. Now what
59	00:11:07,890 --> 00:11:23,070	changed is that what goes in play for sellside. While we do have a fair value got here. Okay, we have a shift in market structure on the hourly chart. And
60	00:11:23,100 --> 00:11:30,060	should it trade back up to here and fail on the hourly, we can use smaller timeframe like five one minute charts, something like that, to look for a
61	00:11:30,060 --> 00:11:38,370	fractal form of this very pattern that I taught you on this YouTube channel. So if it goes up here sells off on the alley, you can go immediately into the one
62	00:11:38,370 --> 00:11:46,320	or five minute chart or something of that effect. And look for a similar pattern where there's a shift in market structure after biocides been taken and then use
63	00:11:46,320 --> 00:11:59,610	that to frame a potential run into this low this low and this low. Okay, because he had 1234 times and we've closed that daily and balance. And so if it respects
64	00:11:59,610 --> 00:12:09,960	this fair value gap, which I don't know yet. Now, you're probably saying okay, ICT we just watched you murdered the market this week. Yeah. But on Sundays, I
65	00:12:09,960 --> 00:12:17,760	don't know where they're at open it in my private group knows this as well. I say it all the time. My Friday analysis going into the weekend is always an
66	00:12:17,760 --> 00:12:25,110	uncertainty, because where they're going to open it, I don't know, anything can happen, folks. Anything can happen over the weekend, something completely
67	00:12:25,110 --> 00:12:34,620	unexpected. I'm saying that with tongue in cheek event across the pond around the other side of the world, or right here in good ol USA, something could
68	00:12:34,620 --> 00:12:46,800	happen, which creates tidal waves in the marketplace. And they will utilize that sentiment and have extreme gap openings and completely lay waste to mine or
69	00:12:46,800 --> 00:12:55,890	anyone else's analysis over the weekend. So we have to watch and see how they open up on Sunday. That's always the understanding exactly how my students
70	00:12:55,890 --> 00:13:04,230	expected. And I teach it that way. Because that's the reality of things. I don't have a crystal ball that tells me where they're gonna open the market on Sunday,
71	00:13:04,320 --> 00:13:11,100	I just have some things that helped me read where they're going to take the market throughout the week, where the likely high and low is for the week, how
72	00:13:11,100 --> 00:13:20,100	the daily high and low is likely to form, what prices where it's going daily bias the whole business. Those things are only useful to me after Sunday's
73	00:13:20,100 --> 00:13:31,110	opening, and then I want Sunday's trading in the Monday. Usually by wanting close on Monday, I have a pretty good feel for what the weeklies gonna do. But
74	00:13:31,200 --> 00:13:41,820	not all the time, but most of the time, yeah. Alright, so let's take a look at the 15 minute timeframe. Alright, I have a little
75	00:13:41,820 --> 00:13:49,260	bit of business on here and you'll see it better on a five minute chart because these are actually bleeding into the 15 minute time frame, which they shouldn't
76	00:13:49,260 --> 00:14:00,480	be showing. But we ran above that 4,007.75 level, which is the imbalance level. Again, if you put these levels on your chart in cycle through the hourly chart,
77	00:14:00,510 --> 00:14:12,630	you'll see exactly where they're anchored to. Okay. But we weren't above it. It was shifting market structure, short term low there, we come back up to an
78	00:14:12,630 --> 00:14:21,000	imbalance which we'll see obviously on a lower timeframe trading into it here that's a cell this is another one you'll see trades into and breaks lower hits
79	00:14:21,000 --> 00:14:31,620	the lower level and bounce and then trade lower breaks into the afternoon session and then consolidates off the low into the closed today
80	00:14:37,920 --> 00:14:50,160	okay, here's the five minute chart for today. Alright, so we had market run up, just go one quarter point above the daily and balance, closing it in. Right runs
81	00:14:50,160 --> 00:14:58,200	up, trades into again, an imbalance you'll see on the lower timeframe on this showing you where it's working from 15 minute five minute and then we'll drop
82	00:14:58,200 --> 00:15:12,240	down 4321 imbalance here trades up into that sells off consolidates 3967, and a quarter level work that as well and broke down, reaching for a deeper discount,
83	00:15:13,860 --> 00:15:32,700	four minute chart Okay, you'll see it when we get the lower timeframe. imbalance works to those levels again, three minute chart you can't see it yet for this
84	00:15:32,730 --> 00:15:46,590	training into their imbalance their cells off same levels, two minute chart. And now it's redundant. Okay, almost there, you have one here on the two minute
85	00:15:46,590 --> 00:16:02,160	chart or trades up into it, but it's the one minute chart you actually see it. And finally, or one minute chart. And I'll explain a little bit more detail. So
86	00:16:02,160 --> 00:16:13,350	here's the fair Vega. What's significant about that, retreating about 4007 and three quarters, and we close on the daily and balance. I'm off by a quarter
87	00:16:13,350 --> 00:16:23,550	point, okay, I'm not perfect, but it goes there, then does what it breaks down shift in market structure here. And then we have double confirmation where
88	00:16:23,550 --> 00:16:33,870	another low was taken out there as well. So if you take this high to that low, let's run our fib on it. What's so special about fit, he trades with fibs. Now
89	00:16:33,870 --> 00:16:43,470	I'm using it for the purpose of measuring my range. So here's equilibrium, if I want to be short, it has to be a pdra in this case of fairway gap, above
90	00:16:43,500 --> 00:16:54,090	equilibrium, there it is. So we have here, here trades up into here, what time is that? 1054 it trades into it. Alright, so it runs up into that and it was
91	00:16:54,090 --> 00:17:05,190	smaller fair, but he got their trades into it as well. Breaks lower trades down into the 3967 and a quarter level, the old imbalance low and then sweeps the
92	00:17:05,190 --> 00:17:19,170	sell side below here. That's a really nice area to take profits going into the lunch. Relative equal lows again, breaks lower, look at this high, the low here,
93	00:17:19,800 --> 00:17:33,570	high to low for Vega trades into it here then rolls over. So you're watching you're not training it, you're watching it in lunch, and you go into the 130
94	00:17:33,570 --> 00:17:48,240	hour or interval 130 here so you start watching to see what we're going to get for the remainder of the pm session. Trades below the lows here now we're
95	00:17:48,240 --> 00:18:04,380	getting long in the tooth for the week daily is completely rebalanced. On Friday, we broke down a lot. And now we started range bound trading. That
96	00:18:04,380 --> 00:18:17,100	consolidation takes us into a retracement where they attack the world of equal highs and dig into this range here. They have just the consolidation into the
97	00:18:17,100 --> 00:18:29,940	clothes. Alright, here's the NASDAQ daily chart. And I haven't been really interested in this market than focusing primarily on the E Mini s&p. But we had
98	00:18:29,940 --> 00:18:39,960	a fair value gap in here. Vi sides and cleared and he dug into that completely rebalancing that. So this one here and looks a little bit more likely to trade
99	00:18:39,960 --> 00:18:49,980	back into this area here. So a small little gap there. I'm looking at that potentially at the beginning of the week going into Monday and that could be
100	00:18:49,980 --> 00:19:05,850	revisited on indoor Tuesday. If it fails get down there. We'll be aiming for the buy side resting above here. On the hourly buy side here, the run it you'll see
101	00:19:05,850 --> 00:19:22,140	the setup and we'll break the lower timeframes down but what's this here in here? Relative equal lows? What's here by side taken attacks outside Okay, so
102	00:19:22,140 --> 00:19:35,580	we're gonna change this level to blue. So those are the only two levels on the chart. Alright, and I just wanna make sure these show on the 15th
103	00:19:43,890 --> 00:19:58,860	Right, and then obviously this is the buy side. This is the sell side right reach for driving 15 tinkering cakes. Yeah, we ran up, swept it. You'll see the
104	00:19:58,890 --> 00:20:09,270	sell off here with them all. I'll trade down into the sell side here. So one quick, easy ways you want to be doing your daily recaps and screenshots is like
105	00:20:09,270 --> 00:20:17,820	the hourly and 15 minute timeframe what liquidity pools they run for, and how they work with them are in balance here, they're not supply and demand zones,
106	00:20:17,820 --> 00:20:27,780	folks, just a reminder. But I like to use rectangles on the 50 minute time frame and draw little trend lines on anything less than a 50 minute time frame. But
107	00:20:27,810 --> 00:20:37,050	this, in this case, it's a five minute chart. So we're gonna use that and work with that in lower timeframe, one minute chart, but that's the drop down in
108	00:20:37,050 --> 00:20:50,310	here. And we're going to fine tune this level going down to the four minute chart. Okay, so we have our imbalanced there, it's a little low. That is that
109	00:20:50,310 --> 00:21:05,910	also, why did you trade the Spoos in the nest? Look at the market here. The fair value gap is more obvious in a premium in the s&p than that of the NASDAQ. It
110	00:21:05,910 --> 00:21:13,530	doesn't mean NASDAQ can't trade because it's obviously trading into a breaker. Okay, so you have the down close candle here. So this is what you'd be framing
111	00:21:13,530 --> 00:21:28,170	with my concept of breaker. Trades below that low here, inside this range. Anytime in here. Is a good time to be short, based on time, but What price are
112	00:21:28,170 --> 00:21:37,050	you gonna look for? What price would you utilize? We're not seeing anything in here yet. Unless you want to run the buy side above that high. It does that
113	00:21:37,050 --> 00:21:49,170	there. But let's go through and to the two minute chart. Now we have a fair value gap here. That's a little rich. In other words, it could get up here. But
114	00:21:49,170 --> 00:21:59,970	what's the earliest one after tricks, new trades below this low, small little one in there. And nothing else that is noteworthy a smaller one there. That's
115	00:21:59,970 --> 00:22:09,090	nice. But you have to frame the likelihood of the trade up into that one. I didn't like that. So compare and contrast what I'm showing here nothing versus
116	00:22:09,180 --> 00:22:25,440	the s&p, the better tree was an s&p. And here is the one minute chart really sloppy have a gap here. You have a gap here. And you have one in here and it's
117	00:22:25,440 --> 00:22:42,570	too low. So it doesn't really get up into a premium does it? Does it? No. So which one would you trade? s&p or the NASDAQ? s&p clearly Okay. Makes it very
118	00:22:42,570 --> 00:22:54,030	easy, doesn't it? Alright, so yeah, that's the business on that one. Which I think is another market I want to cover with you.
119	00:22:59,819 --> 00:23:17,999	And for the life of me, I can't think of any off the top my head let's do Bitcoin. I'm never going to talk about Bitcoin. Alright, I mentioned in one of
120	00:23:17,999 --> 00:23:27,029	the, I don't recall, which one of the Twitter spaces I did, where it's like a podcast and I'm talking to you live. I'll have one of them tomorrow. By the way.
121	00:23:27,779 --> 00:23:37,139	I don't know what time I'll do it. But it'll be before noon. But we have our fear of a gap here. And somewhere in here. I was doing a live Twitter space, I
122	00:23:37,139 --> 00:23:47,519	said we're gonna trade up into the Faraday gap. So we got that there. I think it might look like something like this did here. Like we had this drop,
123	00:23:47,519 --> 00:23:58,409	consolidate, then drop moments more? Well, that's, that's what I'm thinking it might need to dig a little bit deeper once more into it. But I don't trade this,
124	00:23:58,409 --> 00:24:05,099	folks. Okay, I don't have any faith in crypto. And I've already said this before, I think there are going to zero. And I knew you don't like to hear me
125	00:24:05,099 --> 00:24:17,009	say that. But that's my belief. And I'm probably wrong. Okay, I'll conceive it rockets up and doesn't ever go to zero. But just be willing to accept the fact
126	00:24:17,009 --> 00:24:26,399	that if it does go to zero, I'll say I told you so. But guess what, I'm not gonna make any money on it. So I'm objective about it. I don't have any interest
127	00:24:26,399 --> 00:24:39,239	in it. I think these are going to go down just like anything else would go down. And the faith in this asset class, to me is in question. There's a lot of fraud.
128	00:24:39,299 --> 00:24:49,019	There's a lot of things going wrong with it. It needs a lot more regulation. So I think those that are involved in it are going to try to make a run with the
129	00:24:49,019 --> 00:24:58,499	bag. And they can go down quickly. Like real quick. So again, I don't have any faith in it. I don't have any trust in it. I don't have any investment in it.
130	00:24:59,489 --> 00:25:08,759	I'm not sure We're not trying to create fear and uncertainty. I'm not trying to talk it lower. I have absolutely no horse in the race. So you can't ask for
131	00:25:08,759 --> 00:25:17,159	anything better in terms of objectivity. I think it's a reason why the bigger moves have been accurate with picking this stuff. But I still won't trade it. I
132	00:25:17,159 --> 00:25:26,219	still won't do. So that's my opinion, I think we're just consolidating might get a little bit of a bump much more. But ultimately, I think we're gonna go below
133	00:25:26,219 --> 00:25:40,469	that low. And let's take a stab at what we're likely to see. I see. I think 14,000 You're probably asking, so why 14,000 words you just pull that from? keep
134	00:25:40,469 --> 00:25:54,119	it PG folks. Alright, so 14,002 50, we'll call that. Okay. So it's a standard deviation between this high and low? Should this low take out? That that low?
135	00:25:54,119 --> 00:26:04,499	What should that low be taken out? Rather, we'll look for 14,002 50. And I really think 10,000 is likely. So this might be an objective, but I think it'll
136	00:26:04,499 --> 00:26:20,579	be aggressive and gone through it. Should it trades softer. I really like sub 8000. So on a wild spike down that level, then here. Okay, what changes that we
137	00:26:20,579 --> 00:26:28,529	trade above those highs? As long as we're below these highs here. I'm thinking down here. Again, I have no horse in the race. I don't care if I'm right. I
138	00:26:28,529 --> 00:26:43,919	don't care if I'm wrong. There it is. I felt inspired to talk about it. So there it is. And I know you folks like XR P I see these talking crypto. Oh my gosh, oh
139	00:26:43,919 --> 00:26:52,739	my gosh. Okay, look at this, folks. Seriously, I know you guys like to truly this thing up? Like it's going up, it's going up, I touched dead money. It's
140	00:26:52,739 --> 00:27:03,569	dead money. And this literally has done nothing. Like I know, if you treat like a penny stock. And you're buying it down here and does all this stuff. Oh,
141	00:27:03,569 --> 00:27:13,829	that's great. I don't look at that. Okay, if it's $1 There's a reason it's $1. It's dollar menu trading. I don't trade dollar menu trading, this ain't even $1.
142	00:27:13,859 --> 00:27:28,049	Look, it's it's below 50 cents. Like I know, it's like you want poor man's Bitcoin. But when these things are valued at these levels, there's a reason for
143	00:27:28,049 --> 00:27:39,689	that folks, just like Penny Stocks are valued at those levels. They're not big, noteworthy, good invest in type companies. Some of them grow out of that, but
144	00:27:39,689 --> 00:27:46,859	not most of them. So that's how I look at this, though, I look at it as really, really high risk.
145	00:27:50,460 --> 00:28:01,140	More aggressive forms of penny stocks, which, to me is stupid. You know, I don't, I don't think it's something that anyone should be doing. But I
146	00:28:01,140 --> 00:28:10,290	understand everybody wants to be a maverick and, and a cowboy. They want to go out there and trailblaze and do something that no one's ever done before. My
147	00:28:10,290 --> 00:28:27,060	question is, where's XR? P 10x 20x? You know, why is it below $1? Again, you know, if it's the future, and all these things that always gets talked about?
148	00:28:28,560 --> 00:28:36,180	Why isn't it performing? Why isn't it doing it? So that's again, and I'm not trying to kick dirt in your face? I'm just saying these are the reasons why I
149	00:28:36,180 --> 00:28:46,050	will never touch this stuff. You know, it's, it's there's something not moving, compare and contrast that with the index markets, s&p NASDAQ, you know, they're
150	00:28:46,050 --> 00:28:56,940	moving, they have value, okay, can they crash, your, they're not going to zero? Not like Kryptos can. I'm not interested in that kind of movement, that's
151	00:28:56,940 --> 00:29:09,000	gambling in you're just trying to find a nice way to say this, you're dreaming. You're dreaming. If you think these things are gonna go on $1,000 It's not
152	00:29:09,000 --> 00:29:20,760	happening. You're not gonna see that here. It's a reason for it being where it is. So I remember when I first started, and it's it's a little bit of a rabbit
153	00:29:20,760 --> 00:29:27,510	trail, and it will close the video. But I remember getting into trading. And it was a time where I thought, You know what, I'm gonna do penny stocks because I
154	00:29:27,510 --> 00:29:36,420	could buy a whole lot of it, because I had a lot of money. And if it moves, you $20 I can be really, really rich, because I'll be so over leveraged to be great.
155	00:29:37,530 --> 00:29:49,680	And then I started looking at them, and it quickly showed me that I wasn't cut forward. Like I couldn't do it, because they're just too nuts. There's no rhyme
156	00:29:49,680 --> 00:29:59,340	or reason as to why they're going to go up. Whereas you look at a market that's highly traded by professionals. Algorithms are attached to them like s&p and
157	00:29:59,340 --> 00:30:09,450	forex. those markets are better. I hate to break your bubble. And I know some of you are avid fans of crypto and you really want me to come over to the dark
158	00:30:09,450 --> 00:30:20,940	side, I'm never going to do it. I'm sorry, I can't do it. Because there are elements that are not in play in that asset class. Now, I said before, if they
159	00:30:20,940 --> 00:30:30,060	ever adopt that, then I might change my mind about it. And then I'll probably be the biggest crypto person on the planet then, because I'll be out here doing
160	00:30:30,060 --> 00:30:39,720	what you see me do and the s&p and the forex market, and nobody would be able to keep up with me. Because I know there's a lot of people interested in this,
161	00:30:39,900 --> 00:30:49,950	because they've watched things and storylines and the meteoric rise of Bitcoin in the media or decline. So there's a lot of attention. But that attention isn't
162	00:30:49,950 --> 00:31:05,850	the love that was in there in 2017. Now, it's like, you burned me your life to a date that I went on, had relationship, started a relationship and then fell in
163	00:31:05,850 --> 00:31:18,630	love, and then you cheated on me, then you cheated on me again. And then again, it's hard to feel interested in that person. So I personify crypto in the same
164	00:31:18,630 --> 00:31:33,390	way. It's a cruel lover, much more cruel than futures, much more cruel than Forex. Because this stuff can act up without any real reason. And it can stay
165	00:31:33,390 --> 00:31:42,660	fickle in in consolidations longer than anything I've ever seen before, which is, in my opinion, not something that I would be want to trade. So if we're
166	00:31:42,660 --> 00:31:53,100	looking at short term traders or day traders, we want momentum. And we want things that are moving, that are one sided. This doesn't, in my opinion, doesn't
167	00:31:53,130 --> 00:32:04,140	qualify for that. It's too cheap. Cheap is not a reason for me to trade it cheap by by the valuation of what it is. I mean, we're not even. It's not even 50
168	00:32:04,140 --> 00:32:16,170	cents, man. That's why I'm not interested. And like, there has to be a real reason. If investors collectively in the retail universe, people on Reddit,
169	00:32:16,200 --> 00:32:26,400	Facebook, Twitter, if those individuals are wanting to trade these types of markets, I don't want to trade them. But if I see large banks and institutions
170	00:32:26,430 --> 00:32:39,060	that are trying to trade Forex, currency pairs, or index futures, or commodities, or stocks, those are real professional markets. These are highly
171	00:32:39,060 --> 00:32:49,170	speculative gambling asset classes. This is like casino time. Can you make a lot of money? I'm certain you can some people have? Am I certain I can do it? No.
172	00:32:50,519 --> 00:33:02,819	No, that's why I'm not trading it. You don't see amp live and hooked up to crypto. You see it with futures. Okay, so that's all I'm doing with AMP. I'm
173	00:33:02,819 --> 00:33:13,919	trading just the s&p just the Nasdaq futures. That's it. I'm not trying to do anything else. It's a one trick pony account. Broker it's all interested in and
174	00:33:14,009 --> 00:33:24,419	I'm looking for things that make sense. And if it doesn't make sense, I'm not trading in crypto to me, makes no sense for me to be trading it when I can see
175	00:33:24,419 --> 00:33:36,119	things much clearer. And I think this week, I've demonstrated that in a definitive manner. Very precise, the narrative, the bias, the draw on liquidity,
176	00:33:36,479 --> 00:33:47,339	every aspect was laid in your lap. And I'm sorry, if that comes across as arrogant, it's not meant to be arrogant. I'm just telling you. There are times
177	00:33:47,339 --> 00:33:56,279	when I know what these algorithms going to do. And I challenge you to find anybody to be able to do what you watched me do this week. You You're not gonna
178	00:33:56,279 --> 00:34:06,899	find it. Larry Williams can't do that. Chris Laurie can't do that. All your Twitter heroes can't do that. And none of my students can do what I did this
179	00:34:06,899 --> 00:34:16,019	week. That's not a knock against them. But there's a lot of them out there that are trying to go out and blaze a trail saying, you know, I'm going to teach you
180	00:34:16,019 --> 00:34:27,479	ICT and I can do what ICT can do or I can do it better. I can do 10 times what ICT does, well ask them to do what you want me to do. If they can do it, they'll
181	00:34:27,479 --> 00:34:37,739	do it gladly. And be consistent about it. And be precise about it. Don't be wishy washy, don't give me a line with oh, here's what I did today. my trading
182	00:34:37,739 --> 00:34:49,229	account. Here's my empty four statements. There faked my interest that you can't fake calling the market with infinite detail consistently over and over again
183	00:34:49,229 --> 00:34:58,049	and then burn down the barn. You can't fake what I did this week, folks. You can't. It was before the fact I gave it to you free in YouTube on exactly what
184	00:34:58,049 --> 00:35:09,749	it was going to do. There's one Here's the opening, gap opening on Sunday trade down from s&p By the way, and once it traded down into it, it rallied to the
185	00:35:09,809 --> 00:35:19,469	objectives I showed you, and you saw executed on it. Hello. My private group knew that remaining balance on a daily chart was going to be the likely
186	00:35:19,469 --> 00:35:30,029	candidate for anything on the upside. And it was only off by quarter point. I said he can't pick weekly lows and weekly highs He didn't create. He sure ain't
187	00:35:30,029 --> 00:35:40,379	trading it right. While you watched me do it this week. I laid it in your in your lap. Now. Can you do that every single week? No, you aren't going to be
188	00:35:40,379 --> 00:35:48,899	able to do that every single week. There are some weeks where I might have the idea in mind that it might do a certain thing. And I'm wrong and have to adjust.
189	00:35:49,169 --> 00:35:56,429	And then I don't get the weekly high and the weekly low. I'll get a big piece in the middle. And I'm okay with that. And that's how I teach you. I teach you to
190	00:35:56,429 --> 00:36:05,609	think about trading like that. But when I feel like it's necessary to show everyone who's talking to them, then I do what I did this week, because there's
191	00:36:05,639 --> 00:36:14,039	jokers out there that are claiming they can do 10 times what I can do, and that what I'm teaching is rubbish. And order blocks are retail. It's not retail,
192	00:36:14,219 --> 00:36:23,399	okay? None of you even know what an order block even is. Okay? And the same jokers on Facebook and on Twitter. They're not showing you precision. They're
193	00:36:23,399 --> 00:36:36,779	not even showing you anything except for, oh, I took a trade and I did 90 trades getting two pips each. And I made 6% on my account today. If you're taking 90
194	00:36:36,779 --> 00:36:47,999	trades, and you're trying to get two pips, and you're just getting 6%. You don't have a trade. Your broker loves you. They're making more money than you are. But
195	00:36:48,389 --> 00:36:57,569	these are the people out there beating your chest. I'm here, in my own lane, doing what I've been doing all year long, living up to everything I've promised.
196	00:36:59,099 --> 00:37:06,719	Are you seeing the proof? Are you seeing reasons why you should learn what it is? I'm giving away for free? Come on, folks. I mean, you're seeing it with a
197	00:37:06,719 --> 00:37:20,249	live account to that's the uniform. Nobody's seen the ICT tree with a live account? I've done it. The question is, the other people that's out there that
198	00:37:20,249 --> 00:37:29,039	want you to not learn what it is I'm teaching you, they all have something to sell. Isn't that interesting? And they're also the same people that will not
199	00:37:29,039 --> 00:37:38,129	tell you in advance before whatever is going to happen in their system or their way of doing it. Why can't they explain to you tell me what it's going to happen
200	00:37:38,129 --> 00:37:47,459	tomorrow? Tell them what it's going to do next week. How are you going to trade next week? Where do your setups form? Because my I tell you when they're gonna
201	00:37:47,459 --> 00:37:51,989	form, you know what time they're gonna form. Period.
202	00:37:54,600 --> 00:38:05,370	Was I wishy washy about what I expected this week? No, I told you exactly what I was looking for. And that's the things that my private group has been wanting
203	00:38:05,370 --> 00:38:07,440	for six plus years.
204	00:38:13,770 --> 00:38:24,000	Do you feel scammed? Do you feel cheated? You feel like these things don't work? How many people have you seen that are now funded? And their crediting their
205	00:38:24,000 --> 00:38:31,770	time invested in what it is I've been teaching? Who else is getting that? Yeah, there's a lot of guys out there that are teaching my concepts with different
206	00:38:31,770 --> 00:38:42,150	names, like institutional candles, which don't exist. What are blocks have nothing to do with a candle. So let me just ruin that for everybody too.
207	00:38:47,190 --> 00:38:58,200	There's a lot of folks out there that just want the credit. And they have an issue with me demanding it be nine. And I don't care if it hurts your feelings.
208	00:38:58,260 --> 00:39:10,620	I don't care if you write books, because I'll leave review saying all it's mine. And then they'll look and see that you are fraud. You saw courses that are my
209	00:39:10,620 --> 00:39:19,230	stuff, renamed. B, we're going to call you out on it. And you can block and block and block but apparently, you know, people are going to still see the
210	00:39:19,230 --> 00:39:29,370	tweets, the Facebook posts, the YouTube videos, it gets around folks, and you don't want to do that you actually get more real clout by this being respectful
211	00:39:29,370 --> 00:39:38,190	and so you know what, my appreciate what ICT did? I took it I made it my own. And this is how I'm carving out my own path. Is there anything wrong with that?
212	00:39:38,190 --> 00:39:55,740	Nope. Nope, not at all. That's what a real man would do. Someone would character not start for clown. There's no series ends. What is that all about? Oh, in the
213	00:39:56,040 --> 00:40:05,400	States, we have an expression where we're trying to make ends meet. What's that mean? Do you have only so much money coming in for income and you have so much
214	00:40:05,400 --> 00:40:15,690	money expected to go out in bills or expenses? They're called ends? And how do you make those ends meet your income and your bills. Sometimes they don't meet,
215	00:40:15,840 --> 00:40:25,500	sometimes they have to roll over into the next month. And the continuously get paid late. There was a time when as a young man, that's how it was. You know,
216	00:40:25,530 --> 00:40:36,090	sometimes delivering pizza. You know, I didn't get what I was expecting. And I overspent because I was irresponsible. So everybody out here has courses that
217	00:40:36,090 --> 00:40:49,380	have influencer approaches to trading and trying to get you the join multilevel marketing garbage, or doing marketing for some educator to do their stuff, use
218	00:40:49,380 --> 00:40:59,190	their service, their product, their course material. They're all trying to sell and trying to make Commission's and they're trying to influence you. It's a real
219	00:40:59,190 --> 00:41:08,460	easy thing to get people to follow you in this industry. It's so easy. Know how to trade and then demonstrate that you know how to trade. Because if you do
220	00:41:08,460 --> 00:41:18,600	that, and you're consistent, and you're honest about everything you're doing, and I do that, folks, I left millions and millions and millions and millions of
221	00:41:18,600 --> 00:41:31,620	dollars of real money getting paid to me to teach what you're learning for free. Who does that? Because these Yahoo's aren't going to do it. They're selling hard
222	00:41:31,620 --> 00:41:42,000	because they're now already rich. They'll give you the we want seven streams of income No, you need to eat. Because PB and J ain't enough for you. Dollar Menu
223	00:41:42,030 --> 00:41:57,930	at McDonald's ain't enough for you. So you're selling? Because you need to? I stopped by my choice. What source of information? Are you going to trust the guy
224	00:41:57,930 --> 00:42:08,640	that's sitting here talking to you that's laying down his ability to fleece, the retail community that would gladly throw money at me. And I'm saying you don't
225	00:42:08,640 --> 00:42:20,880	need to just work on the things I'm showing you for free. The guy that's proving it to you with precision that is unrivaled. It doesn't exist anywhere else,
226	00:42:20,880 --> 00:42:37,590	folks. Because if it did, you would show up. In a shown up. I've invited them. They won't show up. That's not arrogance. I'm open for discussion. Show me what
227	00:42:37,590 --> 00:42:46,800	it is I'm doing it's fake. Show me what I'm doing is wrong. Show me that. This isn't how markets work. Or how markets are made, or how markets are booked.
228	00:42:47,760 --> 00:43:01,110	Because I'm proving this out is and nobody else is showing you this. Nobody else. I'd be lying if I said it wasn't fun. But that's not why I'm here. I'm not
229	00:43:01,110 --> 00:43:15,810	here to flex and do all these egomaniac spurts? I had one this week. I'm human. I see these goobers things they say, in other mediums. Just come on over
230	00:43:15,810 --> 00:43:24,360	Twitter, show me what you can do better? Show me how I'm doing it wrong. Show me how I'm faking it when I'm calling it before it happens. See, these are all the
231	00:43:24,360 --> 00:43:32,880	things that people have learned by other people parroting liars? Because they don't want to believe it's real. But how do you deal with what you saw this
232	00:43:32,880 --> 00:43:43,950	week? And for the entire year so far? How do you reconcile that? If it's not the truth? What is it? And how can it be faked? I'm not time traveling.
233	00:43:45,870 --> 00:43:53,370	And these are the things that you're going to have to contend with. And some of you are so eager to get out here and do these things in front of everybody. And
234	00:43:53,370 --> 00:43:59,040	you're going to be met with the same stuff, they're not going to believe you. They're not going to care, they're going to be jealous, you're not going to get
235	00:43:59,040 --> 00:44:11,190	the RE action that you're looking for. You're not so don't let that be your motivation. What should your motivation be? Learning how to do this so that way
236	00:44:11,190 --> 00:44:27,030	you can make ends meet, not make your lease payment for your Lamborghini. Yeah, I said that most of you are listening to me like everybody else on YouTube,
237	00:44:27,360 --> 00:44:39,660	probably have a hard time making your bills every month. Or if you make them you got very little money at the end. Your ends don't meet. So I'm going to sit down
238	00:44:39,660 --> 00:44:50,430	with you tomorrow, sometime before noon, and I'm going to have a little bit of a woodshed moment, or I talk to you and I have my son's in mind when I'm talking.
239	00:44:51,390 --> 00:44:58,560	So that way you understand who my audience is, but it's going to feel like I'm talking to you because it's going to resonate with you and the things you're
240	00:44:58,560 --> 00:45:09,930	probably thinking about or thought about out. And I'm hopefully going to align your expectations with reality. If you do that, if I'm successful in that, then
241	00:45:09,930 --> 00:45:23,940	you'll have the best chance of using this new series, to your benefit. It's meant to go after your most expensive, Bill. That's how you should start. That
242	00:45:23,940 --> 00:45:37,320	should be your goal. Now you don't start there. But that should be your first goal is to meet every single month, that highest expense each month. And once I
243	00:45:37,320 --> 00:45:42,870	go through the mindset part of it tomorrow, which won't be on YouTube, because it'll be boring, like this part here is boring. Most of the young guys have
244	00:45:42,870 --> 00:45:52,290	priority, turn the video off. That's fine. But you won't get the results you're looking for. Because you're lazy. You're not putting in the work. You're not
245	00:45:52,290 --> 00:45:59,220	listening to the things that matter most because you think you know how to do it, because you've watched a couple of videos. You think there's other people
246	00:45:59,220 --> 00:46:10,020	that are teaching this better? Because they show you hindsight. They don't show you what I showed you this week, and all this entire year. Crickets, if you get
247	00:46:10,020 --> 00:46:19,440	that at all. And I know because I'm doing this kind of style. Even the people that were quietly supporting me because they're selling my course they're
248	00:46:19,440 --> 00:46:28,770	selling my material. And they're trying to make money off of that by repping me quietly in their accounts. Oh, he is he's this he's that. He's the bee's knees,
249	00:46:28,770 --> 00:46:40,980	man. He's, he's daddy. They want that fever. Because then they can sell videos that you don't need is already here. I'm teaching you exactly how to do it.
250	00:46:41,550 --> 00:46:52,470	Right here on on the mentorship on YouTube for free. All you gotta do is show up. But they're saying people are getting sour to me now. Because I'm taking
251	00:46:52,470 --> 00:47:06,720	their money away. That's why I'm here. That's why I'm on Twitter. That's why I'm teaching. Because thieves don't deserve what they're getting in hell, they're
252	00:47:06,720 --> 00:47:23,730	getting it. A lot of people are not making their core sales that they were because of what I'm doing. Do I feel bad about it? No. Nope. This spinning Rock
253	00:47:23,730 --> 00:47:38,490	has a whole lot of suckers on it. They're going to be the worst sucker. If they buy anything for trading, and not at least give everything I'm teaching and
254	00:47:38,490 --> 00:47:48,000	giving away for free, a test drive. You have people out there saying complicating things this is not complicated, folks is easy, is real easy. What's
255	00:47:48,030 --> 00:47:59,340	complicated about following the rules. If you're not going to follow the rules, if you're not going to be disciplined, anything you get involved in is going to
256	00:47:59,340 --> 00:48:11,460	be complicated. Because you are wrestling with the lack of discipline. Most young men are going to have that problem. I had it, I have no shame in telling
257	00:48:11,460 --> 00:48:20,160	you. I had it. And I wrestled with it. I have an issue with authority. I don't like being told what I can do when I can't do. I have been told not to teach.
258	00:48:20,700 --> 00:48:33,630	And I still find ways to do it. Not without repercussions that we won't go into here. But the bottom line is if I'm told not to do something, I'm looking for 12
259	00:48:33,630 --> 00:48:34,770	different ways where I can.
260	00:48:37,260 --> 00:48:46,830	But you as a student, learning how to do this, you have to be disciplined. You have to follow the rules, because you have no framework otherwise. Now those
261	00:48:46,830 --> 00:48:52,410	rules may evolve into something entirely different later on once you have more experience but in the beginning without experience, you have to learn from
262	00:48:52,410 --> 00:49:03,180	somebody who can do it and I think I'm demonstrating I can do it and I can probably do it better than anybody else you're ever going to meet. And if they
263	00:49:03,180 --> 00:49:16,140	can do it as well as I do, chances are they're not going to do it for free. So again, I question you're gonna listen to if you're in a courtroom and you're in
264	00:49:16,140 --> 00:49:33,750	a jury who are you going to determine has the better evidence, ICT or anyone else? I'll leave you with that. Until next time, be safe.