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Last modified by Drunk Monkey on 2023-09-26 13:31
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1 == Outline ==
2
3 ##00:00 -## Where do I begin? -.
4
5 ##04:47 -## What is the final trade?
6
7 ##09:19 -## What to do with your Twitter account.
8
9 ##15:02 -## What had to happen in between this low and this high to balance it out?
10
11 ##20:00 -## The 15 Minute Chart.
12
13 ##26:04 -## Make sure your trading view is always set to New York time.
14
15 ##31:20 -## The likelihood of a short covering rally.
16
17 ##37:18 -## What’s the low of this candle?
18
19 ##43:24 -## Breakaway gap in liquidity.
20
21 ##47:49 -## What happens if your analysis in the morning is wrong.
22
23 ##53:02 -## Why you don’t have to be perfect to do well.
24
25 == Transcription ==
26
27 (% class="hover min" %)
28 |1 |00:00:00 ~-~-> 00:00:14 |ICT: Good morning, folks. Happy New Year, it is January 1 2023. And the first day of 2023 mentorship. First things first, a little bit of housekeeping. If
29 |2 |00:00:14 ~-~-> 00:00:28 |you're new, or if you're just beginning under my wing as a student of Smart Money concepts. This is my YouTube channel. And one of the questions that keeps
30 |3 |00:00:28 ~-~-> 00:00:42 |coming up all the time by new subscribers or casual viewers is where do I begin, so a lot of videos here, so let's take a look at my opinion is bigger to the
31 |4 |00:00:42 ~-~-> 00:00:44 |Playlist button here,
32 |5 |00:00:45 ~-~-> 00:00:46 |scrub over
33 |6 |00:00:49 ~-~-> 00:01:05 |if you are a forex trader, or a forex trader in the making, this is where you want to start. Okay, the market maker primer course market maker series and
34 |7 |00:01:05 ~-~-> 00:01:12 |pattern recognition series. Okay, after we complete that, go over to matching high probability scalping.
35 |8 |00:01:16 ~-~-> 00:01:17 |And then go through
36 |9 |00:01:21 ~-~-> 00:01:23 |Scout Sniper basic field guide.
37 |10 |00:01:30 ~-~-> 00:01:54 |And then start the core content lessons here. This is the month one month 234567. So on to get to the last one. If you are wanting to go into the meat of
38 |11 |00:01:54 ~-~-> 00:02:02 |everything that I'm going to be focusing on this year, which is primarily index futures trading. I will be doing commentary every day Monday through Friday, or
39 |12 |00:02:02 ~-~-> 00:02:14 |the equivalent thereof. Barring personal schedule conflicts or holidays. For Forex, I'll be covering the dollar index Euro dollar, the British pound, and I
40 |13 |00:02:14 ~-~-> 00:02:26 |will be covering the index futures, es n and q. So every day, I'll have my opinion shared as far as what I think on a macro view, daily chart bias will be
41 |14 |00:02:26 ~-~-> 00:02:36 |shared with you from my perspective. And then obviously all my engagements, intraday will be on the index futures. So I'll be teaching with two live streams
42 |15 |00:02:36 ~-~-> 00:02:46 |per week, going over real time price feed. So that way you can study real time, price delivery algorithmically. And it is not a signal service, you will not see
43 |16 |00:02:46 ~-~-> 00:02:54 |me press a button, I'm not going to do any kind of trading in front of you. But I will be calling the market life on a one in five minute basis that we can see
44 |17 |00:02:54 ~-~-> 00:03:02 |there's a high degree of precision, things that are algorithmic in price delivery, you'll see this repeating and why only two times a week because it's
45 |18 |00:03:02 ~-~-> 00:03:10 |going to be up to two hour session. So if I'm doing two of them, it's basically four hours of crunch time that you got to go through in the entire video will be
46 |19 |00:03:10 ~-~-> 00:03:23 |uploaded for those individuals that can't be here live when it happens, okay? So it's going to be a full plate of ICT goodness on through 2023. The second part
47 |20 |00:03:23 ~-~-> 00:03:33 |is you're going to want to subscribe. I know some of you don't want to be on Twitter, but it's going to be a backup system for me. So while YouTube will have
48 |21 |00:03:33 ~-~-> 00:03:41 |its live stream, two times a week, that will be a varying schedule. It'll be based on the economic calendar and you'll see what I mean when we get into
49 |22 |00:03:41 ~-~-> 00:03:51 |February. This is my official Twitter account. If you go over to the YouTube channel, upper right hand corner it says official ICT Twitter, click on that.
50 |23 |00:03:53 ~-~-> 00:04:08 |It'll open up to my profile. And then there's the pinned tweet here from October 5 2022. At 7:49am This is how you know it's the right account. Everything here
51 |24 |00:04:10 ~-~-> 00:04:16 |should be self explanatory. Okay, I'm not going to invite you into a telegram channel. I'm not going to invite you into Instagram channel. I'm not going to
52 |25 |00:04:16 ~-~-> 00:04:26 |invite you to discord. I don't use it. I will never DM you ever, and you can't DM me. Everything you're going to be learning this year is free. I'm not doing
53 |26 |00:04:26 ~-~-> 00:04:34 |an upsell, there is no future mentorship. I don't have anything else in the works except for four books. One is fiction, and three are going to be
54 |27 |00:04:34 ~-~-> 00:04:42 |educational. So that's the only thing you're going to get in the future with a price tag on it and you don't even have to buy that. But it's kind of like my
55 |28 |00:04:42 ~-~-> 00:04:57 |last soiree in, in paid mentoring. I guess education is like my bullet point. And final tack on the wall saying this is it. And good luck and enjoy it.
56 |29 |00:04:59 ~-~-> 00:05:14 |Welcome Back to this Twitter in a second. Now, if you go over to the videos, I just uploaded two of them yesterday, I did the real quick rendition of my pm
57 |30 |00:05:14 ~-~-> 00:05:26 |session trade on es on Friday, last trading day of the year. And it's usually a very short vignette, I speed up the whole entire process of what I did. And most
58 |31 |00:05:26 ~-~-> 00:05:37 |of you liked that because real short to the point. Sometimes I add music, sometimes I don't annotate the video entirely. Well, I got lots of requests for
59 |32 |00:05:37 ~-~-> 00:05:50 |can you show the real time without any of the speeding up. So that's what this is here. And I have it set on playback, point two, five, to show you that. I had
60 |33 |00:05:50 ~-~-> 00:06:04 |questions from folks that were saying, you know, is this really live? Or was it recorded after the fact. And I want you to see the last frame as I close trading
61 |34 |00:06:04 ~-~-> 00:06:14 |view, you'll see the system time matches the time of real time, data. lock unlock all right hand corner.
62 |35 |00:06:43 ~-~-> 00:06:57 |If you watch the lower right hand corner, you'll see that the time on my computer matches the real time data time. Just as I close trading view
63 |36 |00:07:02 ~-~-> 00:07:18 |it's only their area. So let me go down to the default. And you can see it's 402 on December 30, okay, so you can obviously look at that on your own. So
64 |37 |00:07:18 ~-~-> 00:07:21 |everything here was done live with real time data through trading view.
65 |38 |00:07:27 ~-~-> 00:07:38 |If we go to profile on YouTube, again, you go to the final trade of 2022 in real time trading view platform video, click on that
66 |39 |00:07:43 ~-~-> 00:07:59 |into the video description, you'll see a link that takes me or takes you rather the viewer into a thread that was started and shared on Friday in the morning.
67 |40 |00:08:00 ~-~-> 00:08:14 |So you can see the time 7:41am New York time. December 30 2022. I'm telling you, right, I made a mistake. said this is the contract month. Is that correct? Yeah.
68 |41 |00:08:15 ~-~-> 00:08:41 |Right here. It says 7:42am. And I walk everybody through the charts. Okay, so here's your daily chart for our chart, during the thirsty high, and the low in
69 |42 |00:08:41 ~-~-> 00:08:50 |the ranges thereof, and I go through and I don't want to steal the thunder from at all for you go through yourself. But I actually walk through everything on
70 |43 |00:08:50 ~-~-> 00:09:06 |the morning beforehand what levels I'm looking for. And you'll notice right here. Okay, let me scroll out real quick. Okay, at 8:20am There is your boss at
71 |44 |00:09:06 ~-~-> 00:09:14 |liquidity pool, okay. All the levels down here, the markets gonna draw into, but this is where I'm going to take your attendance sheet later on. And you'll see
72 |45 |00:09:14 ~-~-> 00:09:24 |what I mean by that by watching the video again, and going through all the annotations here. Okay. So once you have that, you're going to want to subscribe
73 |46 |00:09:24 ~-~-> 00:09:41 |to my Twitter. Usually, I'm very busy. On Twitter, I tweeted a lot in the past. I'm going to be only using this in 2023 going forward as a, like an alert to get
74 |47 |00:09:41 ~-~-> 00:09:49 |your attention to Hey, look at this, you know, to prompt you in the event. It's not a live session. Now on the days of the live session. Obviously I wouldn't be
75 |48 |00:09:49 ~-~-> 00:10:00 |doing any tweaks. I'm not gonna be doing any more Twitter spaces, or I do like as Kanaka podcast, they're not going to be going on anymore. Okay, so yeah, The
76 |49 |00:10:00 ~-~-> 00:10:13 |last one yesterday. So you want to have that notifications on for Twitter. So that way, anytime I'm alerting the subscribers to this channel, on Twitter, it
77 |50 |00:10:13 ~-~-> 00:10:21 |will be salient to real market events or something that may be a scheduled change. Okay, maybe I'll have something scheduled for YouTube for live session,
78 |51 |00:10:21 ~-~-> 00:10:29 |if something changes in my personal life, something comes up and emergency, anything happens, you're gonna get a tweet directly from me, and it'd be
79 |52 |00:10:29 ~-~-> 00:10:39 |informing it as to what it is needs to be done for you as the subscriber, a viewer and student. You don't have to subscribe, but just don't complain that
80 |53 |00:10:39 ~-~-> 00:10:50 |you don't know when I'm doing something because it's all gonna be alerted through this account here. Okay. So now let's go over to the chart. Okay. And I
81 |54 |00:10:50 ~-~-> 00:10:56 |want you to see, this is what the chart looks like when you open up trading view. And this is what I'm working with. Now, when I want to maximize
82 |55 |00:10:56 ~-~-> 00:11:09 |everything. I click on this, it, which brings up my toolbar down here. And then I maximize. Okay, so that's how the chart looks when I'm doing my recordings.
83 |56 |00:11:10 ~-~-> 00:11:19 |That way, I have to grab something down here from the favorite list of things I like to work with, as you see, it's it's not a lot of things. It'll allow me to
84 |57 |00:11:19 ~-~-> 00:11:30 |go through and add all the annotations. Now, real quick, you'll see all that stuff that was in the recording. And in the pre markup, they're all there. Okay,
85 |58 |00:11:30 ~-~-> 00:11:43 |that's what the chart looks like, after the fact. Okay. So we talked about how the market would likely be an inside day on Friday. And this was Thursday
86 |59 |00:11:43 ~-~-> 00:11:51 |trading. And here's Friday. The reason why I kind of suspected it would be like that, and I tweeted it beforehand. The idea is that if the last trading day,
87 |60 |00:11:52 ~-~-> 00:12:02 |it's not likely to have a big move lower, it's not likely to have a big move higher. Lot of basically, institutional funds and money would be on the
88 |61 |00:12:02 ~-~-> 00:12:11 |sidelines not doing very much at all, if anything, squaring positions. Now the question is, what positions would you be squaring to look at what we've seen in
89 |62 |00:12:11 ~-~-> 00:12:20 |December, it's pretty much been down. And we had no Santa Claus quote unquote, rally much like I said, we wouldn't and we would consolidate which is what we
90 |63 |00:12:20 ~-~-> 00:12:28 |did here. We just banged around in a small little range. I took everyone's attention to Thursday's high and low and so that we would be inside that range.
91 |64 |00:12:29 ~-~-> 00:12:38 |It would be an Inside Day. That's Friday, we had a lower high than Thursday's high and a higher low than Thursday's low. So we're gonna drop down into a four
92 |65 |00:12:38 ~-~-> 00:12:44 |hour chart maximum maximize this
93 |66 |00:12:52 ~-~-> 00:12:53 |and add the annotations
94 |67 |00:13:02 ~-~-> 00:13:15 |Okay, and trust me, we'll go through this. So here's the, the lows I'm focusing on that was based on Thursday, and Thursday's high, below lows is sellside
95 |68 |00:13:15 ~-~-> 00:13:29 |liquidity basically sell stops, above old highs is based on liquidity basically by stops that is liquidity Okay. When we have a range like from this candle is
96 |69 |00:13:29 ~-~-> 00:13:39 |high and then it candles low. Now if you're not looking at old highs and old lows for liquidity, you're looking for inefficiencies. For instance like this
97 |70 |00:13:39 ~-~-> 00:13:52 |candles high that candles low only one candle pass between this candles low in this candles hi this is a buy side and sell side of inefficiency. It is not a
98 |71 |00:13:52 ~-~-> 00:14:06 |liquidity void. The liquidity void is an actual gap like this. Between this candle is high, that candle is low that is a liquidity void. Notice how the
99 |72 |00:14:06 ~-~-> 00:14:20 |market goes back up above the short term high here, right there where the body's stop in this swing high. Right in here I'm just gonna borrow a line real quick.
100 |73 |00:14:55 ~-~-> 00:15:03 |Okay, you see how the buyside thought about this short term High was taken but it was more specifically aiming for that liquidity void. Why? What had to happen
101 |74 |00:15:03 ~-~-> 00:15:14 |there, in between this candles, high neck candles low, we only have this single candle passing through Which direction did it pass through between this low and
102 |75 |00:15:14 ~-~-> 00:15:31 |this high down. So to balance to balance this out as to go through it once it comes up into it halfway, that's consequent encouragement, and then comes back
103 |76 |00:15:31 ~-~-> 00:15:47 |up one more time, a full return. See that. So we have a pass through down and pass up, this area here becomes a balanced price range. Once we leave it to
104 |77 |00:15:47 ~-~-> 00:15:56 |inside this four hour candle, we're going to leave this here. And we're gonna come back into it with a lower timeframe. But just note that these levels here,
105 |78 |00:15:57 ~-~-> 00:16:09 |in fact, let's change it to a heavy dashed line. And it'll make more sense when we get in the lower timeframes. Even though it's ugly looking. But then we have
106 |79 |00:16:09 ~-~-> 00:16:18 |inefficiencies in here that are actually seen on the lower timeframes, you'll see which I've walked through on the Twitter account on Friday morning. And I
107 |80 |00:16:18 ~-~-> 00:16:27 |knew some of this is probably very complicated feeling already. But everything's like that when you first get involved in it. If you want highly precision based
108 |81 |00:16:27 ~-~-> 00:16:35 |trade executions and analysis, it's going to take a little bit of work, and it's okay, this warm up to the idea that we're here together for the entirety of
109 |82 |00:16:36 ~-~-> 00:16:45 |2023. And I promise you're gonna get if you're looking for, you have to show up every day, though, and take notes. Alright, so we're gonna drop down into the
110 |83 |00:16:45 ~-~-> 00:16:46 |hourly chart.
111 |84 |00:16:49 ~-~-> 00:16:52 |Okay, and scroll back over here.
112 |85 |00:16:53 ~-~-> 00:17:03 |So here is the low from Thursday's trading and the liquidity thereof. And for Thursday's high, so we have previous day's low Sell, sell liquidity pool, noted.
113 |86 |00:17:03 ~-~-> 00:17:13 |And Thursday's high buyside liquidity noted. So if we're going to be expecting an Inside Day, as I was suggesting, we would see on Friday, before the market
114 |87 |00:17:14 ~-~-> 00:17:28 |got off, in started trading in a 3930. Opening, that whole premise of being inside day is relative to this high in that low, meaning that we're not going to
115 |88 |00:17:28 ~-~-> 00:17:36 |go lower, which we didn't, and we're not going to go higher, which we did. So that's narrative. Okay. That's not bias bias would be, which direction are you
116 |89 |00:17:36 ~-~-> 00:17:48 |trading? Narrative is is how is the day going to trade? And what's it likely to aim for as a result? That's not bias. Okay. It's a game plan. It's a roadmap as
117 |90 |00:17:48 ~-~-> 00:17:58 |to what it should do. Okay, much like if you were traveling, you know where you want to go. You know where you are. If you've been there before, you probably
118 |91 |00:17:58 ~-~-> 00:18:06 |have alternate routes in mind, you don't necessarily need to have a map. But with a map, you can articulate to someone that may have never traveled there.
119 |92 |00:18:07 ~-~-> 00:18:16 |From where you are multiple routes. Well, that's narrative, you can provide a narrative between point A to point B, because you've been there with experience
120 |93 |00:18:16 ~-~-> 00:18:33 |in the market, there's a narrative that the market will likely drive towards one direction, liquidity higher or lower, based on a procedure, okay, or a list of
121 |94 |00:18:33 ~-~-> 00:18:42 |events that would transpire before we would do that, what would be an example that while taking out a previous day's low just to run out, previous day's high,
122 |95 |00:18:43 ~-~-> 00:18:52 |that's an extreme, but it can happen. The absence of something like that, when there's low volatility expected would be staying inside the previous day's
123 |96 |00:18:52 ~-~-> 00:19:04 |range. Now, if it's a Monday, you're looking at in your anticipate an Inside Day, you'd be referring to previous day of Friday, the previous last trading
124 |97 |00:19:04 ~-~-> 00:19:13 |day, because the weekend we can't trade indices. So it's a matter of knowing what you're looking for, and how it's likely to deliver in price. That's
125 |98 |00:19:13 ~-~-> 00:19:23 |narrative that's a little bit complicated. And it's going to take some time with me throughout 2023 to kind of get a feel for what that is. I don't always know
126 |99 |00:19:23 ~-~-> 00:19:30 |exactly what the narrative is going to be. Sometimes I go in with an expectation is going to do this or that. And I have to adjust. And I have to adapt to what
127 |100 |00:19:30 ~-~-> 00:19:38 |the markets doing because manual intervention can come in and upset what I believe the algorithm is likely to do. It doesn't mean that I don't know how to
128 |101 |00:19:38 ~-~-> 00:19:48 |find another trade that would not necessarily be in alignment with that pre market analysis or narrative in mind, it just means that I have to be just like
129 |102 |00:19:48 ~-~-> 00:19:58 |everyone else, adaptive to what the markets going to do. It's, it's a living, breathing, breathing organism, okay? And it's going to make its decisions based
130 |103 |00:19:58 ~-~-> 00:20:07 |on the people that run it. Okay, it's not buying and selling pressure to does it. So if we dropped down into a 15 minute timeframe, you can already see the,
131 |104 |00:20:08 ~-~-> 00:20:19 |the signatures of it running up. Once it leaves it comes back up, we'll go into that in a minute. Let's do a 15 minute chart. If you're new, and all of this
132 |105 |00:20:19 ~-~-> 00:20:31 |seems like it's going over your head, I promise if you go through all of the mentorship 2022, it's 41 videos, they're not all very long. They will help you
133 |106 |00:20:31 ~-~-> 00:20:44 |understand what I'm showing you here as well. But here's that old real liquidity void where the market leaves it comes back up, hits, it can't get back into it
134 |107 |00:20:44 ~-~-> 00:20:54 |again. Why because now the balanced price range, and market moves lower, and then drift lower. And then we have all of our imbalances now from the hourly
135 |108 |00:20:54 ~-~-> 00:21:05 |chart, which was this to this mean, go back up one more time, I'm sorry, I didn't do a good job there. This candles high that candles low that's your boss
136 |109 |00:21:05 ~-~-> 00:21:17 |Annabelle sellside efficiency only hourly chart. Now we can drop down into the 15. That's that same range there to there. But now we have more candles, okay.
137 |110 |00:21:18 ~-~-> 00:21:30 |So I'm highlighting the fact that we have this range between this candles high and that candles low. That's this right here. Okay, I'm holding it so that we
138 |111 |00:21:30 ~-~-> 00:21:39 |can see the difference in the contrasting blue colors. Now when I'm trading, and this is going to be a very difficult thing for me to get through. Admittedly, I
139 |112 |00:21:39 ~-~-> 00:21:49 |don't trade with anything on my chart, I see the levels. And then I work with them. On the chart naked, I don't have any of this stuff. This is only to draw
140 |113 |00:21:49 ~-~-> 00:22:00 |your attention to what my mind is considering salient to the markets delivery at the time of real time data. So when I'm looking at price, and I'm studying
141 |114 |00:22:00 ~-~-> 00:22:14 |price, if I'm looking for a setup, or if I'm managing a position that hinges on all these types of things, and while I may not have them on the chart, and
142 |115 |00:22:14 ~-~-> 00:22:23 |that's why it's sometimes confusing when I show my examples have very little things on my chart, because it's distracting to me. But as a new student, you're
143 |116 |00:22:23 ~-~-> 00:22:31 |going to want to need to see these things on the chart so that we can respect the level of precision, and how the algorithm will respond to them. And I'll
144 |117 |00:22:31 ~-~-> 00:22:41 |explain more of that as we go. But we have a bias on unbalanced outside efficiency here on the 15 minute chart as well. And this yellow one, we'll see
145 |118 |00:22:41 ~-~-> 00:22:42 |that when we drop down to the five minutes
146 |119 |00:22:48 ~-~-> 00:22:51 |Okay, and here is the five minute chart. And we're gonna
147 |120 |00:22:53 ~-~-> 00:22:55 |scrub over here to
148 |121 |00:22:58 ~-~-> 00:23:07 |same thing, this one candle here, it's high, right there that candles high that candles low, that's what I'm highlighting, and that's what the yellow range is
149 |122 |00:23:07 ~-~-> 00:23:19 |showing. Okay, so that's the five minute for Vega. So what we'd have is nested PD arrays in the form of a fair value gap, the larger one here on the four hour.
150 |123 |00:23:21 ~-~-> 00:23:35 |The hourly is what the trend lines the 15 minute chart. And then finally the five minute chart. So reducing all of the things down to a five minute chart.
151 |124 |00:23:37 ~-~-> 00:23:48 |And these relative equal highs over here. We'll see that on a one minute chart. It all line if I move it here, it messes up the alignment I have for my one
152 |125 |00:23:48 ~-~-> 00:23:59 |minute chart savings. So here we have it leading that bounced price range earlier with that liquidity void, the real liquidity void. It leaves it breaks a
153 |126 |00:23:59 ~-~-> 00:24:10 |low, their incomes back up and says I can't get back up in there and even leaves what that little gap between that candles low and that candle is high open right
154 |127 |00:24:10 ~-~-> 00:24:26 |there. And then it moves lower down into the hourly imbalance. digs in deeper into the 15 minute chart imbalance and then into the five minute chart imbalance
155 |128 |00:24:26 ~-~-> 00:24:35 |right there. And then you watch me record a five handle move using the volume imbalance which you'll see when we get into a one minute chart. You can watch
156 |129 |00:24:35 ~-~-> 00:24:51 |the recording on Twitter too. It was shared yesterday or Friday morning. And then we have market dive lower back into this old order flow here. Then it gets
157 |130 |00:24:51 ~-~-> 00:25:06 |sloppy. And my attention was on the 3864 which is how I left Twitter Friday morning I said note 3864 bit relative equal highs. Okay? That was also shared in
158 |131 |00:25:06 ~-~-> 00:25:11 |the chart in the morning before the markets are started moving around a lot.
159 |132 |00:25:20 ~-~-> 00:25:33 |market trades down to the low end of that four hour imbalance trades a little bit outside of it then hits the low looking at. That's perfect. That's precision
160 |133 |00:25:34 ~-~-> 00:25:57 |market rallies comes right back up into both the the hourly, the 15 Minute, and the five minute and extending all those ranges into time later in a day. So if
161 |134 |00:25:57 ~-~-> 00:26:07 |we take our vertical line, and annotate the three o'clock hour, which would be 1500. I apologize, I should have said this at the beginning. Because if you're
162 |135 |00:26:07 ~-~-> 00:26:18 |looking at trading you you always no matter where you are globally, you always have the time settings on trading view set to New York. If you don't do that,
163 |136 |00:26:18 ~-~-> 00:26:25 |number one, you will not be in alignment with the algorithm, and you will not be in alignment with my analysis, you'll be hard pressed to find the things I'm
164 |137 |00:26:25 ~-~-> 00:26:34 |showing you in the chart. It'll be confusing. I know it may be an adjustment for you. Trust me, the markets run on this time. Okay, forget anything else
165 |138 |00:26:34 ~-~-> 00:26:46 |anybody's ever told you. This is what you use. Okay. So just scroll through one trading view, and make sure your, your time is always set to New York. Now for
166 |139 |00:26:47 ~-~-> 00:26:56 |indices, if we were seeing Daylight Savings Time effect, because every year to talk about how they're likely to do away with it, I wish they would personally
167 |140 |00:26:56 ~-~-> 00:27:07 |but whatever you're doing, if you're trading index futures, you're going to always use New York local time, whether it's daylight savings time, or whatever,
168 |141 |00:27:07 ~-~-> 00:27:19 |okay, it's never an issue for me for trading Forex. But for stock indices, I'm going to be using it relative to New York time. Okay, so hopefully that clears
169 |142 |00:27:19 ~-~-> 00:27:25 |it up for kill zones and operating hours. Now we're gonna drop down to a one minute chart.
170 |143 |00:27:30 ~-~-> 00:27:39 |Okay, and here is the pm session, three o'clock to four o'clock, this is a small little window of opportunity, that if you are looking for just something that is
171 |144 |00:27:39 ~-~-> 00:27:47 |going to be a real easy, small window of trading, you don't have a whole lot of time. And you want to just really go in there and look for something that's
172 |145 |00:27:47 ~-~-> 00:28:09 |going to offer five handles, or more. Five handles would be like this, if you have a move, say from 36, even down to 31, even. Okay, that much of range is
173 |146 |00:28:09 ~-~-> 00:28:20 |five handles, it's not much. And you can see having that there's lots of opportunities to find five handles, and all this move. I know it probably
174 |147 |00:28:20 ~-~-> 00:28:30 |doesn't feel like it's easy. But I promise it's, it's there, it's very easy to do after you know what you're looking for. What is it you're looking for? Well,
175 |148 |00:28:31 ~-~-> 00:28:43 |we had a buyside liquidity pool at 3864. Okay, that's what this level is here. At three o'clock, what I'm looking for is a reason to trust that it's going to
176 |149 |00:28:43 ~-~-> 00:28:54 |run to a pool of liquidity, which I had already made known publicly in the morning session. So before lunchtime even began in New York time, noon, you all
177 |150 |00:28:54 ~-~-> 00:29:03 |knew my attention was on 3864. I'm not going to pull up the tweet, because I want you to go into my Twitter feed on Friday, and see it yourself and look at
178 |151 |00:29:03 ~-~-> 00:29:13 |the time and the date stamp on it. I never, ever ever delete a tweet, if I make a mistake. And if I don't notice the error. Invariably one of my students are
179 |152 |00:29:13 ~-~-> 00:29:23 |going to say, Hey, did you mean this or correct it? And then I'll say something to the effect or I'll like their post was confirming saying yes, you got you
180 |153 |00:29:23 ~-~-> 00:29:33 |understand correctly. Or if I noticed, I made an error. I'll add in addition to that tweet, I'll say this is, you know, this is what I meant. Much like I did on
181 |154 |00:29:33 ~-~-> 00:29:41 |Friday morning when I mentioned the incorrect contract month because obviously we can't trade March 2022 contract which would be in trading you the symbol you
182 |155 |00:29:41 ~-~-> 00:29:54 |would use the port up would be e s h 2022. Well, you can't pull up that contract is expired. So I made an error encoding that up. It's e s h 2023, which is the
183 |156 |00:29:54 ~-~-> 00:30:05 |front month right now. For index futures. Yes. Now if you're watching this video later on, obviously, you may not be able to see it. So just go through the
184 |157 |00:30:05 ~-~-> 00:30:13 |tweets and you'll see the charts and there it is. And the recordings obviously show everything here. Alright, so after three o'clock, what I'm looking for is a
185 |158 |00:30:13 ~-~-> 00:30:26 |reason to anticipate a move up into that 3864. Okay, so we're going to take this off, because it's just more or less me glad handing with the viewers, when the
186 |159 |00:30:27 ~-~-> 00:30:39 |the fact that we went up into the area. So we have this five minute very got, which I'm going to bring to the forefront. Okay, so now we see this. And we also
187 |160 |00:30:39 ~-~-> 00:30:53 |noticed that in here, this movement here started somewhere, where did it start? Well, we're already in the upper portion of this range from the four hour. So
188 |161 |00:30:53 ~-~-> 00:31:06 |this is this range here. See that middle point, we're above it, which is what we want to see. Now, don't confuse that with Oh, you're going long in a premium.
189 |162 |00:31:06 ~-~-> 00:31:16 |That's not a premium. That's not a premium at all. Because we are now in the last hour with expert expectation that we're going to run above that 3864.
190 |163 |00:31:16 ~-~-> 00:31:25 |Because there's Beisa liquidity resting above that. I drew everyone's attention. That's where it's gonna go. Why? Because the likelihood of us seeing a short
191 |164 |00:31:25 ~-~-> 00:31:35 |covering rally. Now here's where my viewership gets divided. Because some of you may have been may have been trading for a long time, maybe you've learned from
192 |165 |00:31:35 ~-~-> 00:31:45 |other people, maybe you've adopted your own opinion about what the market does, what it doesn't do, how it books price, which things make it move higher or
193 |166 |00:31:45 ~-~-> 00:31:57 |lower, what causes it to stay stagnant and go and consolidation. The market will rally because the algorithm keeps offering a higher price and anybody that comes
194 |167 |00:31:57 ~-~-> 00:32:05 |in at market, guess what they're getting filled at that price. And as long as the algorithm keeps spooling, which means it's going to keep moving and offering
195 |168 |00:32:06 ~-~-> 00:32:15 |higher prices, initially, anyone short they won't be swayed by that. But eventually, as it just keeps grinding, higher offering, offering offering
196 |169 |00:32:15 ~-~-> 00:32:23 |offering higher and higher, and not allowing lower prices, it does not matter how many people are coming in going short. That doesn't matter. If the algorithm
197 |170 |00:32:23 ~-~-> 00:32:34 |is going higher, it's going higher, and it's gonna squeeze you out. Now, when it doesn't suit the trader or educators narrative or why their pattern didn't work,
198 |171 |00:32:34 ~-~-> 00:32:44 |they will fall back on Well, it's because there was a short covering rally and the market squeezed traders out and short covering made price go up know, the
199 |172 |00:32:44 ~-~-> 00:32:59 |algorithm is pricing higher. And as a default, as a default. participants that are covering are forced to do what buy it back, to get out of their short,
200 |173 |00:32:59 ~-~-> 00:33:07 |because you have to sell the get in first when you're trying to make money going lower. Well, anyone that's been short, as this is going higher, they're
201 |174 |00:33:07 ~-~-> 00:33:14 |contemplating whether or not this is a good thing to hold on to. And with the last day of the year, and you want to be able to book your profits. And that way
202 |175 |00:33:14 ~-~-> 00:33:24 |you have earned your capital gains, now you can pay your taxes on this movement here is just going to keep driving higher and higher and higher, which is what I
203 |176 |00:33:24 ~-~-> 00:33:32 |was expecting what I outlined in the recording on Friday morning. And you're welcome to go through that video again, with this insight. So you understand
204 |177 |00:33:32 ~-~-> 00:33:47 |what it is I'm explaining. This is not buying pressure that drives it up there. This pool of liquidity, about 30 to 64 is the pressure. Okay, the markets gonna
205 |178 |00:33:47 ~-~-> 00:33:57 |go up there because that's where the orders are, what orders buy stops, okay, anyone that's short, they have a large pool of orders collectively around and
206 |179 |00:33:57 ~-~-> 00:34:12 |just above 3864. So the algorithm sees that as an old reference point, it cannot listen to me, it cannot see your order. It can't see my order. But it knows by
207 |180 |00:34:12 ~-~-> 00:34:22 |its coding that the old relatively equal high, which is to old highs, which is what I drew out on your, on your charts in Twitter. Go back and look at you'll
208 |181 |00:34:22 ~-~-> 00:34:31 |see it's there. And you'll actually see there, they're also even in the morning trade around trading, I make sure that that is in. Its in the filming of the
209 |182 |00:34:31 ~-~-> 00:34:40 |screen, I want to make sure that that's in there because that was the real move of the day. Getting up to here with the narrative that there's going to be short
210 |183 |00:34:40 ~-~-> 00:34:51 |covering, and they're going to implement a bind model that takes price higher, higher, higher and higher and higher and it forces it twists the arm of traders
211 |184 |00:34:51 ~-~-> 00:35:01 |not because of their buying pressure. The algorithm is only going to tick higher in any movement down is going to be muted. It is gonna be small, little
212 |185 |00:35:01 ~-~-> 00:35:12 |increments, how many down close candles is there in all this? Not many. And when they're there, how big are they? They're not big at all. But all of all the
213 |186 |00:35:12 ~-~-> 00:35:24 |movement and the magnitude, and velocity is all only up close all the green candles, gravitating towards that pool of liquidity resting above 3864. Okay, so
214 |187 |00:35:25 ~-~-> 00:35:33 |we anticipate this occurring. Based on that fact, it's the last trading day of the year, people want to get their money, they want to get paid, and they gotta
215 |188 |00:35:33 ~-~-> 00:35:42 |square up positions, that means they got to get out of wherever they're in, and what's likely to be the bias. That's the directional aspect of the analysis
216 |189 |00:35:42 ~-~-> 00:35:52 |concepts. It's this pool of liquidity. So all this movement down here, look, it went outside the four hour imbalance, and then went right down to and touched it
217 |190 |00:35:52 ~-~-> 00:36:01 |right there. Perfect, you can't get any better than that. There's no improvement on that. There's nothing you can add to that in terms of precision. It's not
218 |191 |00:36:01 ~-~-> 00:36:10 |exactly where I drew your attention to. This is during the lead up till the last hour of trading, then we have the movement here, you don't have to be a buyer,
219 |192 |00:36:10 ~-~-> 00:36:19 |you want to look for that real easy setup, the real easy setup, where everything's lined up perfectly. The market rallies creates a small little
220 |193 |00:36:19 ~-~-> 00:36:29 |imbalance right here. Now I'm going to take the 15 minute off, to start cleaning up this little area in here. But I want you to kind of like recall where these
221 |194 |00:36:29 ~-~-> 00:36:37 |things are, if you're doing it in your own chart, you'll see it too. But just for a tutorial and walking you through the mindset. And also giving you a whole
222 |195 |00:36:37 ~-~-> 00:36:48 |lot of other things in this video that would otherwise be a very short one. Because I don't want to do long videos in the future of 2023. I wanted to be
223 |196 |00:36:48 ~-~-> 00:36:58 |more concise. But when it's necessary, I'm going to have to obviously give you some banter. So it's needed. It's not that I want to make the videos longer,
224 |197 |00:36:58 ~-~-> 00:37:06 |it's for you to understand more accurately what it is I'm trying to draw your attention to. So let's first get the four hour range off. Okay, so that takes
225 |198 |00:37:06 ~-~-> 00:37:21 |though, and we're going to take off the 15 Minute. So now we're left with a one minute by seven balance all sudden efficiency. Fair value gap. Okay. Look at
226 |199 |00:37:21 ~-~-> 00:37:32 |this candles that you're gonna look at right here at this number right there. Okay. This candles high. What is that? It's 3839 and a quarter. Okay.
227 |200 |00:37:32 ~-~-> 00:37:46 |39.25. Just remember that? What's the low of this candle right there? 38 39.25. Perfect. Did it go one tick below it? No. Did it fall short of getting to the
228 |201 |00:37:46 ~-~-> 00:37:57 |bottom of it? No, I went right to it. What about this candle right there? What was the low of that candle? We're looking at this number right there. Okay. That
229 |202 |00:37:57 ~-~-> 00:38:01 |low was 3839 and a quarter. What about this low rate?
230 |203 |00:38:01 ~-~-> 00:38:03 |They're right here.
231 |204 |00:38:04 ~-~-> 00:38:19 |On that candle. 38 39.25. Folks, that's perfect. Okay, that is absolutely perfect. You cannot argue you cannot improve upon. You can't say anything, could
232 |205 |00:38:19 ~-~-> 00:38:33 |have done it better. I outlined it real time it was recorded, it was executed on and you seen delivery? Okay. If there was not an algorithm, price wouldn't do
233 |206 |00:38:33 ~-~-> 00:38:46 |that. my stop loss was placed just below here. Right at that candles opening. Why? Because it's going to respect that one minute. Fair value gap. Because
234 |207 |00:38:46 ~-~-> 00:38:58 |we've already did what this is the hourly. This is the lower the fair pay gap on the hour. This is the higher the fair guy get on the hour chart. So I watched as
235 |208 |00:38:58 ~-~-> 00:39:09 |it went down, we went through it to touch the top here. We hit it. I bought it first at the top of the Fair Pay Gap using that right there. I wanted to go in
236 |209 |00:39:09 ~-~-> 00:39:18 |with that. And then I added more. And then I added more time just to show you that I was not fearful of the stock being hit because the logic is that 60
237 |210 |00:39:18 ~-~-> 00:39:29 |minute fair Vega is now going to support it because we've already closed in the one minute there's no need for it. There's no need for it. Why? We're also
238 |211 |00:39:29 ~-~-> 00:39:42 |running out of time it's 24 minutes 24 minutes after 25 minutes after three or 1525. So now the market is going to have to start doing what gravitate towards
239 |212 |00:39:43 ~-~-> 00:39:51 |that liquidity up here. short sellers are going to want to cover and they're going to be enticed the cover because of the algorithm repricing higher higher
240 |213 |00:39:51 ~-~-> 00:40:07 |high higher when do I know it's really going to kick off once this shows all the bodies being unwilling to close at the low end of that 60 minute, if you're
241 |214 |00:40:07 ~-~-> 00:40:18 |vague that once I see this, I'm waiting for the market to want to leave this area and starts to move here. And I'm right there this candle. That's exactly
242 |215 |00:40:18 ~-~-> 00:40:29 |what I'm looking for the market starting to break away, take off a lot of acceleration. Once it does this, it creates another with this is here a fair
243 |216 |00:40:29 ~-~-> 00:40:38 |value gap. But this fair value gap is likely to stay open. What does that mean? Much like this gap here, I mean, there's just for the second here, I'm going to
244 |217 |00:40:38 ~-~-> 00:40:50 |darken up a little bit. Okay, between this candles high, in this candles low right there, that's what I'm shading it as a rectangle, the market comes
245 |218 |00:40:50 ~-~-> 00:41:00 |completely down and fills that in right there. And it does it again here, and does it again, right there perfectly, perfectly. That's not support resistance.
246 |219 |00:41:00 ~-~-> 00:41:12 |That's not Wycoff. That's not supply and demand. It is absolutely the algorithm. Okay. And once it does this, it completely closes that in, and then leaves it.
247 |220 |00:41:14 ~-~-> 00:41:28 |But it starts off another fair Vega rate as it leaves this one. So it's not going to do what is not going to be consolidation, expansion reversal. It's
248 |221 |00:41:28 ~-~-> 00:41:41 |going to be consolidation, expansion and continue. It can consolidate and then run higher. But it's not going to consolidate expansion come right back then
249 |222 |00:41:41 ~-~-> 00:41:49 |into a retracement, that's not what it's gonna do, the algorithm is going to leave this little area open. And you watch me do two examples of it this this
250 |223 |00:41:49 ~-~-> 00:42:00 |week I identified it. Before it even proved to you as the viewer, it wasn't going to go back in and close this, this range in or overlap what you see here,
251 |224 |00:42:00 ~-~-> 00:42:15 |this up candle that range between this candles open here. And this candles low here, that one single up candle at Green when we take this off this one candle
252 |225 |00:42:15 ~-~-> 00:42:31 |gets overlapped. Right there. So it's going up it has to do what the rebounds it has to go down. So now we've done what we offered by side delivery, sell side
253 |226 |00:42:31 ~-~-> 00:42:40 |delivery. And then when we leave that range here, once we get back above this candles low, this is a balanced price range, it's not, it's not going back down
254 |227 |00:42:40 ~-~-> 00:42:51 |there expecially. If we have one single candle pass through again, where it's taking off, and then we have this candle as soon as this candle closes, and we
255 |228 |00:42:51 ~-~-> 00:43:00 |start this candle right there, then I know that that gap is there and it's gonna stay open. But what happens if it starts to go back down into it into this load
256 |229 |00:43:01 ~-~-> 00:43:08 |written here, I'm going to buy it and knowing it's not going to go down here. And my stop would go just below the bodies of these candles here, which is what
257 |230 |00:43:08 ~-~-> 00:43:20 |it went to Next, once I trailed it up. And I'm going to watch these candles paint and watch and see how they gravitate towards this pool of liquidity, which
258 |231 |00:43:20 ~-~-> 00:43:36 |was 3853 and a half. Once this was filled. Again, it's all short term high. Back here, by side right there, it gravitates to that one. So this one's no longer
259 |232 |00:43:36 ~-~-> 00:43:52 |salient, we don't need to worry about the hourly, because we've already left that range, it's gone. And all of the trades in the executions, which I gotta
260 |233 |00:43:52 ~-~-> 00:43:56 |add now that little rectangle back on here, because otherwise it will
261 |234 |00:43:57 ~-~-> 00:44:06 |shows nicely as I want it to. And we'll just do it with that's good. Okay,
262 |235 |00:44:07 ~-~-> 00:44:20 |and here's the five minute fairway got this breakaway gap, which is what this is, it's a fair value gap, but it's a breakaway gap, a breakaway gap in this is
263 |236 |00:44:20 ~-~-> 00:44:29 |not likely to be traded back into, you don't want to see it traded back into. And if we take this five minute off, because now we know that that's where it's
264 |237 |00:44:29 ~-~-> 00:44:34 |likely to occur. This suddenly takes on a whole new
265 |238 |00:44:41 ~-~-> 00:44:51 |dynamic when you see everything I'm doing, I'm buying at the top of the fairway you got right here as it goes into here. And then I'm buying it here and here.
266 |239 |00:44:51 ~-~-> 00:45:06 |As it's tagging on one minute candle time of time as it hits it. Boom, boom. And then written here. I'm adding one More, because this is a breaker. I'm surprised
267 |240 |00:45:06 ~-~-> 00:45:16 |most of you didn't even ask why do you do this secondary entry right there, I'm going to show you, we're going to take this rectangle and just add it to this
268 |241 |00:45:16 ~-~-> 00:45:31 |here. Okay, and what I'm doing is I'm buying inside this up candle. Because what it's doing is there's a short term low here. It's going after that liquidity and
269 |242 |00:45:32 ~-~-> 00:45:49 |rebalancing. Here, there, and then runs up. Now the bounce price range, it should not enter this area again. And then we have one single candle passing
270 |243 |00:45:49 ~-~-> 00:45:58 |through on the outside. That's a breakaway gap. You don't find that in any of your retail books, folks. And I'm leaving other parts of it out, because it's
271 |244 |00:45:58 ~-~-> 00:46:04 |going to be in my books gone. There's some of you who's already out there trying to write Amazon books and put my stuff out there and not even crediting me.
272 |245 |00:46:04 ~-~-> 00:46:16 |Yeah, I'm gonna be in your reviews, trust me. So the running up into that vise illiquidity. Here, you can see as we hit it, there you go. So let's put the
273 |246 |00:46:16 ~-~-> 00:46:28 |lipstick on, as you would expect to see if there was a real execution, it would look like that. Okay, and all the entries were done inside the final hour of
274 |247 |00:46:28 ~-~-> 00:46:40 |trading. In the liquidity was filled, I was two minutes late, technically, I was expecting these candles or reach up in there as we were getting to the four
275 |248 |00:46:40 ~-~-> 00:46:51 |o'clock hour. But humanity me caused me to be about two minutes or so off. But that's okay, I guess. I mean, it's, it's good to me, I call it a miss. But, you
276 |249 |00:46:51 ~-~-> 00:46:57 |know, that's what I strive for four levels of precision, don't you try to do those sorts of things, because it's going to take you decades to get to this
277 |250 |00:46:57 ~-~-> 00:47:07 |level. But this is what we do. We look for opportunities where the algorithms gonna seek liquidity. We're not looking for patterns, we're not looking for
278 |251 |00:47:07 ~-~-> 00:47:18 |harmonic things, we're not looking for any kind of trendline analysis, you none of that stuff. It's the raw market algorithmically. And it repeats over and over
279 |252 |00:47:18 ~-~-> 00:47:27 |and over again, there's certain times of the day it will repeat. And then there's certain times the market will be expected to do something. And then we
280 |253 |00:47:27 ~-~-> 00:47:35 |have to decide whether or not we're going to reverse or stay out. In the beginning, if you're new, it's better for you to err on the side of, I'm going
281 |254 |00:47:35 ~-~-> 00:47:44 |to go with staying out and just observe, don't reverse. But with experience, sometimes not all the time, sometimes you'll find it's a good opportunity to
282 |255 |00:47:44 ~-~-> 00:47:55 |reverse if your analysis doesn't pan out, or it doesn't come to fruition. A burst trader in price action and understanding what they're doing, they may
283 |256 |00:47:55 ~-~-> 00:48:02 |going and fade their initial analysis and reverse into something entirely different. I've done that I've executed that I've done it in front of other
284 |257 |00:48:02 ~-~-> 00:48:10 |people. But generally, as a rule of thumb, if you're new, you don't want to go in there thinking okay, I was wrong. Let me go the other direction. And that's
285 |258 |00:48:10 ~-~-> 00:48:18 |how you blow your account. If you are a funded trader, you've accumulated a funded account through all these funded prop firms. You certainly don't want to
286 |259 |00:48:18 ~-~-> 00:48:29 |be doing that. If you're a funded trader, never ever, ever, ever, ever, ever, reverse to stay out and wait for the next session was that mean, if you're
287 |260 |00:48:29 ~-~-> 00:48:41 |trading in the morning session between 830 and 11, you want to be looking to make your money or your trade there, if you lose there, okay, be done. And wait
288 |261 |00:48:41 ~-~-> 00:48:49 |for the afternoon session. But what happens if your analysis in the morning you're expecting it to go up and it starts to go down? Don't, don't reverse
289 |262 |00:48:50 ~-~-> 00:48:57 |wait. Because it's going to be a reversal of your analysis. And if you're using what I'm teaching, chances are, you're probably gonna have something really nice
290 |263 |00:48:57 ~-~-> 00:49:03 |in the pm session that's going to be cleaner than the morning. Let everybody else get chopped up and banged around, if, if everybody's thinking it's gonna go
291 |264 |00:49:03 ~-~-> 00:49:11 |one direction, many times the market will create these opportunities where they'll get like a broken wing trick like a Robin, you will see a Robin when
292 |265 |00:49:11 ~-~-> 00:49:18 |they're out there in the ground. And they're trying to teach their baby how to fly, if they see you, and they're always gonna see you before you see them.
293 |266 |00:49:19 ~-~-> 00:49:28 |They'll start tweeting and put their wings out like it's broken. And that's gonna draw the attention of you the predator in their eyes to them, and they'll
294 |267 |00:49:28 ~-~-> 00:49:36 |move real slow away from their baby in your chase after that, because you see it in here. And let's say easy prey and we'll get that and as you get closer to it
295 |268 |00:49:36 ~-~-> 00:49:44 |right before you get close enough to it, it flies away. There's nothing wrong with it. The market does those types of tricks. So as a neophyte as a new
296 |269 |00:49:44 ~-~-> 00:49:54 |trader, you don't want to be in there. falling victim to the robin, okay? You're getting out there chasing something you think is easy. And then oh, let me go
297 |270 |00:49:54 ~-~-> 00:50:03 |back to hunting the baby. Okay, let me reverse and do something else. You shouldn't do that. A lot, just just wait, wait to the next trading session. And
298 |271 |00:50:03 ~-~-> 00:50:14 |if you try to have expectation in the pm session, pm session is two o'clock to four o'clock, you can reduce that down into the last hour trading every single
299 |272 |00:50:14 ~-~-> 00:50:25 |trading day, that's worth its weight and trading. This type of move is going to be there, there's going to be a run to an old high or an old low or an
300 |273 |00:50:25 ~-~-> 00:50:35 |imbalance, okay, it's going to be something to that effect. There's no other complication to this. I know a lot of people like to criticize, because they
301 |274 |00:50:35 ~-~-> 00:50:41 |don't really know what I'm doing. They watch a few videos. And they listen to me because I'm very long winded. I'm long winded because I have lots of experience.
302 |275 |00:50:41 ~-~-> 00:50:49 |I have lots of things to teach. And you think it's just a matter of knowing when to buy and sell? When is these candles now? Because a new flavor is is how does
303 |276 |00:50:49 ~-~-> 00:50:59 |ICT know when these candles are not going to fill in? Because everybody thinks their liquidity voids they're not? Okay. It's a matter of layering experience on
304 |277 |00:51:00 ~-~-> 00:51:07 |circumstances that permit me to use it. So you can see clearly, I know what I'm looking for I executed on it. I even explained it beforehand. And the charts
305 |278 |00:51:07 ~-~-> 00:51:17 |told you exactly the levels that the market would use. And look how they reacted. I mean, you can't deny that you can't even argue with it. There's no
306 |279 |00:51:17 ~-~-> 00:51:27 |denying it. There is an algorithm. Yes, yes, indeed there is. And you're talking to somebody that knows it like the back of their hand. And I'm proving it.
307 |280 |00:51:28 ~-~-> 00:51:38 |There's nobody else out there that has the authority to be teaching Smart Money concepts, because they're mine, I authored them. These are my coatings, these
308 |281 |00:51:38 ~-~-> 00:51:49 |are my things, all of these signatures are mine. So reading books, and making courses and mentorships, trying to teach something that you have no complete
309 |282 |00:51:49 ~-~-> 00:52:00 |understanding of is foolish. Stop doing harm to other people teaching things you don't know. Because you don't know. This year, I'm making myself available to
310 |283 |00:52:00 ~-~-> 00:52:11 |all of you. It's your job, it's your responsibility to be diligent and show up every day. If you choose not to do what I tell you to do, and you want to do
311 |284 |00:52:11 ~-~-> 00:52:20 |something else, or if you want to break the rules and bend the logic and try to make it do something different. So you can call it your own thing, you're going
312 |285 |00:52:20 ~-~-> 00:52:28 |to fail, trust me, you're going to fail. It's as simple as that. During these moves like this, you're going to see people out there on live streams that are
313 |286 |00:52:28 ~-~-> 00:52:36 |trying to sell short why you don't know how to trade them, you're going against the underlying order flow, you're going against the very algorithm that some of
314 |287 |00:52:36 ~-~-> 00:52:49 |these people believe that you're trading with, they are not, they are not. All you have to do is sit back, bring a notepad be prepared to have a lot of
315 |288 |00:52:49 ~-~-> 00:52:58 |insight. And during the live sessions, I won't be doing a lot of the talking like I'm doing here, this is making sure I'm preparing your expectations. I'm
316 |289 |00:52:58 ~-~-> 00:53:07 |only going to be talking when it's salient. That's it. But we're going to be looking at a five minute and a one minute chart, I'm going to annotate
317 |290 |00:53:07 ~-~-> 00:53:17 |everything, top down. So that way the things are there on the chart so that we understand what I'm looking for. Then the left side or the right side, I'm
318 |291 |00:53:17 ~-~-> 00:53:26 |having to decide on how I'm going to do it. But I'm going to split my screen in there'll be a five minute chart and there'll be a one minute chart, we will not
319 |292 |00:53:26 ~-~-> 00:53:36 |need to look at a 15 an hour, a four hour and a daily chart. All of the reference points will be already on the chart on the five and a one minute
320 |293 |00:53:36 ~-~-> 00:53:47 |chart. So and allows me to keep your focus on what is important the monitoring right then and there. In every individual candle out, reference, something
321 |294 |00:53:47 ~-~-> 00:53:52 |that's useful is, you know, for instance, if we saw this movement here, and we go back and add
322 |295 |00:53:54 ~-~-> 00:53:57 |the execution, okay.
323 |296 |00:53:58 ~-~-> 00:54:05 |I'm not going to push the button in front of you, because I don't want to entice any of you to take a trade. I don't want that responsibility. And I'm not front
324 |297 |00:54:05 ~-~-> 00:54:13 |running anything. Everything that I do during the live sessions, they are going to be days that I'm not pushing the button, myself, I'm not gonna be doing
325 |298 |00:54:13 ~-~-> 00:54:20 |anything a Live account, I'm not gonna be doing in a demo account. That way, I am not pumping and dumping. I'm not influencing anybody, because there's a lot
326 |299 |00:54:20 ~-~-> 00:54:29 |of people that follow this channel. And if it's is going to be big, and there's a lot of people following the channel. I don't want to have anybody to accuse me
327 |300 |00:54:29 ~-~-> 00:54:37 |of, oh, I'm front running, I'm going to get in the market, then tell you I think it's going to go up. So all of you do what buy buy, buy, buy, buy, buy, and then
328 |301 |00:54:37 ~-~-> 00:54:43 |I get out and then I tell you okay, this is probably a good time to get out after I've already gone out to eat that's scamming. That's fraud. I don't do
329 |302 |00:54:43 ~-~-> 00:54:50 |those things. I do absolutely nothing like that. I will not do anything like that. That's why I've always taught in demo. That's why I've always shown paper
330 |303 |00:54:50 ~-~-> 00:54:58 |trading until this year, I showed you a live account where it was on a percent return in five weeks. So you know, this stuff works, and you don't have to be
331 |304 |00:54:58 ~-~-> 00:55:09 |perfect to do well. You don't have to be every day trading. You don't have to be in every single move. And don't get caught up in the trap of looking at social
332 |305 |00:55:09 ~-~-> 00:55:18 |media, even my execution, don't look at my executions and think that's a barometer for how good I need to be right now, because that's unrealistic. You
333 |306 |00:55:18 ~-~-> 00:55:27 |shouldn't have that mindset at all. You want to be looking for? Where can I find five handles? Start there? Okay. Because if you can consistently hit that a few
334 |307 |00:55:27 ~-~-> 00:55:44 |times a week, that's well, you can do very well with that. If you just trade one mini contract on it. Yes. If you move from well. gone long. 4847. Okay, from
335 |308 |00:55:44 ~-~-> 00:56:00 |4847 to 4848. That's $50. That would be a profit. From the time I entered the trade at 3847. The measure of drawdown on that low? is one point, the lowest 46
336 |309 |00:56:01 ~-~-> 00:56:12 |No, I'm sorry. I'm saying that incorrectly. No, I'm right. Let's see. I'm gonna do it myself. 3847 is where I got in the lowest drawdown in the movement here.
337 |310 |00:56:12 ~-~-> 00:56:27 |The low of that candle is 46. So I had one, one point drawdown using a breaker, okay, the breaker is this low, high, lower low and then leaves it. Okay. What am
338 |311 |00:56:27 ~-~-> 00:56:36 |I? What am I trading? It didn't really leave ICT, it left the high of this body. See, that's the part I'm talking about. You think you know, order block theory,
339 |312 |00:56:36 ~-~-> 00:56:46 |it will all be in my book. Okay, I promise you, but you don't need that. Okay. It's not a sales pitch for the book. Okay, that's like my last gift to the
340 |313 |00:56:46 ~-~-> 00:56:55 |community. Okay. And yeah, I'm going to do it with a price tag. But it's more or less to put the signature on that everybody else has tried to rush out there and
341 |314 |00:56:55 ~-~-> 00:57:04 |put things in print. That's all garbage in, I'm going to be viscerally all that, okay, because it's all nonsense. It's not the last enclosed candle before they
342 |315 |00:57:04 ~-~-> 00:57:13 |move. It's not the approved, it's not the last up close game for them. There's other things you got to know, I purposely left things out because I knew people
343 |316 |00:57:13 ~-~-> 00:57:25 |were out here we're doing all this, create new courses and revamping things, okay, that I've taught that are unique to me, and just changed me and to meet
344 |317 |00:57:26 ~-~-> 00:57:35 |MIT the idea that they learned from me. So if you know how to deal with folks, here's your chance to get out there and 2023 and do what you're about to see me
345 |318 |00:57:35 ~-~-> 00:57:41 |do. Okay, because I Guaran damn tee, you're not going to see anybody else do what I'm going to show you, you're not going to see it, you're not going to be
346 |319 |00:57:41 ~-~-> 00:57:49 |anywhere near there's as precise, you're not going to be as consistent. And that's a testimony. Because if someone out there is reselling a signal service,
347 |320 |00:57:49 ~-~-> 00:57:58 |which is absolutely, in my opinion, required to show a track record, if you're going to be doing signal services and something to that effect, you need to be
348 |321 |00:57:58 ~-~-> 00:58:05 |showing a tracker, this is what I've done. And this isn't why you should invest in my signals. But if you go out there and you just show up empty for here's a
349 |322 |00:58:05 ~-~-> 00:58:13 |list of trades that I did. And this is how this is why you should subscribe to me. Or I should teach you because I show you this No, you need to be watching
350 |323 |00:58:13 ~-~-> 00:58:23 |them. Engage the marketplace, use a real stop loss, trade management, and then show the logic that supposedly is behind their methodology because I am of the
351 |324 |00:58:23 ~-~-> 00:58:31 |opinion that I'm the only one that's doing that. And you can snicker and say, Oh, but you're only doing it in a paper trading account on trading view. You're
352 |325 |00:58:31 ~-~-> 00:58:44 |right. You're absolutely right. And you can only trade live data on trading view. Or I'm doing it for compliance reasons. I'm not a licensed financial
353 |326 |00:58:44 ~-~-> 00:58:57 |advisor. So everything I talk about is price action. And price action is paper trading and demo. Now, the astute pupil, will sit back over time and realize,
354 |327 |00:58:57 ~-~-> 00:59:05 |okay, yeah, these things work in real time data, it matters not that it's being done with a live account. It matters if there is consistency, is there
355 |328 |00:59:05 ~-~-> 00:59:14 |precision, does it work? Does the logic repeat over and over and over again? And yes, you saw that in 2022. And then 2023, you're gonna see it in 4k resolution.
356 |329 |00:59:17 ~-~-> 00:59:29 |Now, at some point, you're going to make a decision whether or not you want to transition from playing in a demo account, playing in a paper trading account,
357 |330 |00:59:29 ~-~-> 00:59:42 |to live trading. You make that decision on your own. I never, ever tell any of my students to do it. In fact, I preach against it because 90% of the time
358 |331 |00:59:42 ~-~-> 00:59:49 |you're not ready. You're gonna feel like you are because you're impulsive. You want to get out there and do it right away. You want to start making money
359 |332 |00:59:49 ~-~-> 00:59:57 |because you think that's going to be the answer to your depression in the feeling of not being who you really want to be. When who you really want to be
360 |333 |00:59:57 ~-~-> 01:00:07 |is someone that's not driven by the money You're driven by discipline, knowing when to do something, when not to do something. Look at this chart for a second,
361 |334 |01:00:07 ~-~-> 01:00:27 |okay? And I'm going to close this one. Look at the time I'm highlighting here. Okay, when you look at charts, here's the actual close of the session. Okay. But
362 |335 |01:00:27 ~-~-> 01:00:34 |I like to see things go to the four o'clock hour, but there's always a little bleed over because at 415, that's on the closing bell curves, and they'll have
363 |336 |01:00:34 ~-~-> 01:00:45 |it on the red candle, I apologize. Okay, so there is the last hour and 15 minutes of trading, your setup is going to form in the last hour between three
364 |337 |01:00:45 ~-~-> 01:00:57 |o'clock and four o'clock, if you don't have a setup. Okay, if you don't have a setup by 10 minutes before, don't do anything. Don't do anything. Just observe
365 |338 |01:00:57 ~-~-> 01:01:11 |it. But generally, you're going to find between 315 and 345, which would be in New York time on TradingView, which would be 1515. That is like a little tiny,
366 |339 |01:01:11 ~-~-> 01:01:21 |small sweet spot where if I know where I'm looking for, for liquidity above the marketplace, if I'm bullish below the marketplace, if I'm bearish for that
367 |340 |01:01:21 ~-~-> 01:01:31 |there's an imbalance. What is an imbalance something like this. Okay, this is an imbalance that's an unbalanced what kind of imbalance by certain balance sell
368 |341 |01:01:31 ~-~-> 01:01:43 |side inefficiency. bias and imbalance sell side inefficiency. Okay. I'm looking for that as a draw. on price, it's going to pull it up to get back into one of
369 |342 |01:01:43 ~-~-> 01:01:54 |these areas like it did here. Or it's going to go up above an old high. So it's gonna go to pools of liquidity above an old high or relative equal highs, or
370 |343 |01:01:54 ~-~-> 01:02:04 |below an old low or relative equal lows. Or it's gonna go back to an area where it needs to revisit in a sense of repricing for the purpose of rebalancing, and
371 |344 |01:02:04 ~-~-> 01:02:14 |simply because it goes back down in here, that's not rebalanced, it's balancing, but it's rebounds once you leave it, because it never becomes a balanced price
372 |345 |01:02:14 ~-~-> 01:02:24 |range. So that's what this that's the difference between me and what other educators might say, and I bring the receipts. So there's that. Hopefully, you
373 |346 |01:02:24 ~-~-> 01:02:34 |found that insightful, and I'm sure we'll be back at it. Again, this is only the only installment we're going to have for this week. And I will probably share
374 |347 |01:02:34 ~-~-> 01:02:38 |something with you next week. And then we'll build in to a
375 |348 |01:02:40 ~-~-> 01:02:53 |more consistent pattern in real time analysis, and markups and such will begin on February 7, of 2023. Until then, just be one week, one video per week, or I'm
376 |349 |01:02:53 ~-~-> 01:03:01 |addressing something kind of like warming up to it. What should you be doing between now and February 7, watching the playlists that I told you to watch? At
377 |350 |01:03:01 ~-~-> 01:03:08 |the beginning of the video, you should be subscribed to Twitter, I promise I'm not gonna tweet a lot. I'm only gonna be using it to draw your attention to
378 |351 |01:03:08 ~-~-> 01:03:17 |something, okay. So don't be don't be afraid to have Twitter and have the alerts and notifications set because I'm using it to get your attention. I cannot do
379 |352 |01:03:17 ~-~-> 01:03:27 |that with YouTube. Sometimes YouTube when I make a post to my community post. It doesn't always reach people timely. Twitter isn't like me texting you to your
380 |353 |01:03:27 ~-~-> 01:03:37 |phone. Okay, right there, you can see it. It may be a link to a chart, it may be a picture of a chart, it may be a comment, or something to draw your attention
381 |354 |01:03:37 ~-~-> 01:03:45 |to or a schedule change. Okay. So that way, you know, it's important for you to have the following on my Twitter account. If you don't have that. You're not
382 |355 |01:03:45 ~-~-> 01:03:56 |going to be up to the minute with knowing what I'm thinking what I'm about to do or when I'm scheduling. Okay. That's how you know my schedule. I'm not gonna be
383 |356 |01:03:56 ~-~-> 01:04:04 |doing any kind of scheduling through YouTube, you're only going to know it through Twitter. So until I talk to you next week, Happy New Year. And I look
384 |357 |01:04:04 ~-~-> 01:04:07 |forward to teaching you amazing things real time