ICT YT - 2023-02-21 - ES Opening Session Commentary - February 21 2023
Last modified by Drunk Monkey on 2023-02-22 11:48
Overview
00:36 - Good morning folks.
01:55 - Why you have to be cautious this morning -.
07:48 - What you need to know about today’s session.
14:50 - Buyside resting at 4073.
19:43 - How much of a price move transpires between the point at which we draw attention to it and if it goes to a level that we were expecting
24:58 - candles on the chart.
27:00 - Down Close Candle -.
31:34 - Dow, S&P, and Nasdaq in tandem.
37:07 - Nasdaq has a small fear of a gap -.
41:57 - Dow, S&P, and Nasdaq make lower lows as soon as they traded up.
49:29 - S&P has hit a new lower low on S&P.
52:58 - The importance of experience in learning to trade.
57:58 - Stop letting other people influence you to tell you how to teach.
01:04:13 - What is the New Week Opening Gap?
01:09:31 - How do you know when it’s going to be a trending model.
01:14:04 - What happens if the market runs away from the 4050 level?
01:17:08 - How the market is going to gyrate.
01:22:45 - The most important thing you need to know about the market.
01:30:58 - Nobody ever becomes consistently profitable independently wealthy and living off their trading by doing that.
01:37:40 - How do you know what you’re looking for?
01:44:57 - When you lose your invincibility, that’s when the ghost of the ghost is on.
01:47:33 - What happens when the price of a stock goes above the old high.
01:53:37 - How to use price charts to understand the market.
01:59:10 - The importance of expecting difficult sessions -.
02:03:52 - What’s not in the chart.
02:12:00 - High resistance liquidity runs have more likelihood of short-term stops being rated.
Transcription
| 1 | 00:00:36,180 --> 00:00:48,690 | ICT: Good morning folks grew up in the audio check that are already present after I get a five by five on twitter then I'll send the link because I don't |
| 2 | 00:00:48,690 --> 00:00:51,600 | want to send everybody prematurely without knowing the audio is good |
| 3 | 00:01:01,680 --> 00:01:10,950 | I'm trying the ultra low latency setting today on YouTube so you should be able to know what I'm thinking before I say it you wish right |
| 4 | 00:01:18,210 --> 00:01:23,520 | all right Awesome. Awesome. Awesome. So bear with me one second okay folks. |
| 5 | 00:01:55,080 --> 00:01:59,490 | Good grief is already three 1000 People watching I mean it started yet |
| 6 | 00:02:30,060 --> 00:02:34,590 | alright, I'm just gonna grab a quick bottled water and then we'll begin. |
| 7 | 00:03:36,600 --> 00:03:49,650 | Folks, good morning. Good morning and good morning. So we are looking at the s&p upper left hand corner is a hourly chart. lower left hand corner is a 15 minute |
| 8 | 00:03:49,650 --> 00:03:59,760 | time frame. And over in the large right hand side, it's presently set to two minutes, which I'm going to toggle now to five. Before we get into this, how |
| 9 | 00:03:59,760 --> 00:04:09,120 | much just slow your roll this morning. Okay. I'm gonna give you the reasons why we have to be very cautious this morning. But we'll be here until about 10:30am |
| 10 | 00:04:09,120 --> 00:04:27,060 | quarter of 11. Now, we've had a holiday this week, which interrupted the normal ebb and flow of price, sentiment, trading speculation order entry. Just a lot of |
| 11 | 00:04:27,150 --> 00:04:38,880 | folks like to sit on their hands like me, and we don't want to touch those partial days where they trade 930 12. There was trading on Monday, but it's so |
| 12 | 00:04:41,400 --> 00:04:51,150 | abbreviated in terms of the time it's allowed to move around. It's important not to feel like you have to be part of that. Whenever we have holidays is what |
| 13 | 00:04:51,150 --> 00:04:58,290 | you're going to be writing in your notes this morning. If you haven't already decided to do so I'm prompting you to do it now. On the heels of any holiday |
| 14 | 00:04:58,470 --> 00:05:11,850 | that impacts trading normal hours Anytime that occurs, the very next trading session, the morning is very, very, very low probability. Meaning that it can be |
| 15 | 00:05:11,880 --> 00:05:21,930 | choppy initially, or the entire morning session could be a wash, meaning that we may not get a clean entry, we may not get anything that makes any real technical |
| 16 | 00:05:21,930 --> 00:05:34,860 | sense to be a part of it. But it's beneficial for you to be observing it. If here's the thing that you want to know, if this morning is nothing, that brings |
| 17 | 00:05:34,860 --> 00:05:45,930 | my attention to a specific setup a draw on liquidity that makes more sense, then I'm expecting, then I'll join you all in the afternoon session today. So you'll |
| 18 | 00:05:45,930 --> 00:05:59,340 | get potentially two. So don't be upset if there's nothing clean this morning. Now, pre market, I shared a trade with you, I was trying to get in sync with |
| 19 | 00:05:59,340 --> 00:06:11,040 | what the market was likely to do this morning. And because remember what I said earlier, not earlier today, but last week and such and in Twitter spaces. If I |
| 20 | 00:06:11,040 --> 00:06:20,250 | think if I believe that my analysis, if my experience, or I just get a hunch, you know, I'm human, that I feel that the morning, the morning session is going |
| 21 | 00:06:20,250 --> 00:06:31,740 | to be problematic for me. It's going to be choppy if it's going to be listless, aimless, low liquidity run signatures are probably not going to be in favor, |
| 22 | 00:06:32,280 --> 00:06:41,160 | then what do I like to do, I like to look for a seven o'clock in the morning to 830. In that time to send me I look for an opportunity to take a trade there. |
| 23 | 00:06:41,700 --> 00:06:51,870 | And what that does, number one, it removes the necessity for me to do what when 930 comes, push the button, chase something that may or may not be there. |
| 24 | 00:06:52,260 --> 00:07:01,020 | Whereas pre market, because I understand that if those conditions are, in fact, what we're going to encounter this morning, which is problematic price action. |
| 25 | 00:07:01,770 --> 00:07:08,460 | Remember, while you're being mentored by me, it's not enough for me to sit here and say, here's the best fair value gap the buy or sell and here's the order |
| 26 | 00:07:08,460 --> 00:07:17,340 | block the buy in, here's the breaker, here's the draw and liquidity, you need to know where to draw the line and say I'm not going to step foot in this just yet |
| 27 | 00:07:17,340 --> 00:07:27,840 | because it doesn't look safe. Now we don't we never have an opportunity where the markets 100% and risk free. But there are times when the probabilities are |
| 28 | 00:07:27,840 --> 00:07:37,230 | so shifted in our favor, that it's almost a crime not to participate. That's what I'm trying to teach you to identify these low resistance liquidity run |
| 29 | 00:07:37,230 --> 00:07:47,310 | signatures and environments, these market profiles that allow for very clean price runs. We don't have that this morning. Okay, and I'm going to quickly go |
| 30 | 00:07:47,310 --> 00:07:56,490 | over why that's the case. Okay. Number one, your notes, you want to have a rough draft of all of your notes this morning. And then once you're done today, refine |
| 31 | 00:07:56,490 --> 00:08:04,560 | them and then add them to your journal, okay, because there's gonna be a lot of truncated statements because of me watching price action. And I'll kind of give |
| 32 | 00:08:04,560 --> 00:08:13,050 | you a summary at the end. But going into it, this is why I elected tell you in forewarn you that we're going to be probably in a very difficult morning |
| 33 | 00:08:13,050 --> 00:08:24,900 | session. If you look at the dollar index, the dollar index is all over the place this morning. It's choppy, it's range bound, and then referring to a 15 minute |
| 34 | 00:08:24,900 --> 00:08:33,090 | timeframe. Looking at the dollar index, you can find that on trading view with the x y, that symbol and a 15 minute time frame, it's free, you don't have to |
| 35 | 00:08:33,090 --> 00:08:44,880 | subscribe anything to get that information. If you look at what we've done, we have a range essentially around 103 87 You want to call that low, and then the |
| 36 | 00:08:44,880 --> 00:08:58,530 | high of 104 point 26 or there abouts. So we're Burnside. That range is range bound, it's listless trading. Over on Eurodollar we've had slightly lower |
| 37 | 00:08:58,530 --> 00:09:05,910 | prices, but we're still in a consolidation much like we had in dollar index as you would expect. But then look what we have here in British Pound POUND DOLLAR. |
| 38 | 00:09:06,390 --> 00:09:20,190 | On its 15 minute chart, we've had a nice acceleration to the upside after reaching below the 119 90 level. So we reached as far as 121 30 that that run |
| 39 | 00:09:20,460 --> 00:09:30,450 | the fact that we're on the heels of a holiday and we don't have a lot of clarity in terms of the ES what it wants to reach for and I'm gonna go and show you |
| 40 | 00:09:30,480 --> 00:09:42,690 | minute opening gap template so that we can get a feel for what might be unfolding and then we'll go into the details with Yes, or me focusing on one |
| 41 | 00:09:42,690 --> 00:09:43,050 | second. |
| 42 | 00:09:52,050 --> 00:10:04,050 | Alright, so you should be seeing the newest opening gap template for ES and let me get to my chart so I can follow along. My jawboning here. Alright, so this is |
| 43 | 00:10:04,050 --> 00:10:16,500 | an hourly chart this right here and I know I don't have a way of highlighting my cursor, but you should be able to see it right here, about midpoint of the, the |
| 44 | 00:10:16,500 --> 00:10:25,470 | chart directly underneath my cursor there, you're gonna see a small little segment right there that is this week's new week opening gap. Okay, really, |
| 45 | 00:10:25,470 --> 00:10:34,860 | really small, then I have this one here. So I want to kind of like scroll through and let you see the levels and your homework assignment is to find out |
| 46 | 00:10:34,860 --> 00:10:45,030 | where they're anchored to. And then this evening, I'll give you a review as to where they actually are anchored from. So make the chart taller so you can see |
| 47 | 00:10:45,030 --> 00:10:45,630 | the levels. |
| 48 | 00:10:51,180 --> 00:10:59,850 | Okay, and what you want to have in mind when you have these on your chart, is think of them as dynamic support and resistance. Now we're trading down here |
| 49 | 00:10:59,970 --> 00:11:12,780 | real time. For those that are watching, they have the benefit of having real time data to give me a latency. Right now looking at my stream versus your data, |
| 50 | 00:11:12,780 --> 00:11:22,560 | how far away are we in terms of price is it kind of close, because I'm using the smallest latency setting for YouTube streaming, while people complaining, you |
| 51 | 00:11:22,560 --> 00:11:33,960 | have a delay, that means I'm probably doing something wrong or sneaking something in right. So 4020 4019, quarter, 4018, and a quarter should be one |
| 52 | 00:11:33,960 --> 00:11:49,050 | more down here. 3988 point 53 97.75 and 3987 even. Okay, so that we have that. And the other ones you already know about because we've been walking forward |
| 53 | 00:11:49,050 --> 00:11:55,560 | with it. So there's the ones that we're actually having on our charts. If you haven't had those on your charts, then you need to calibrate your charts and |
| 54 | 00:11:55,560 --> 00:12:04,860 | show those levels. As I've shown here, that's what's on mine. On trading view, you can create little templates and save them. I saved mine is neat opening gap, |
| 55 | 00:12:05,160 --> 00:12:14,070 | and WG and then anytime I want to refer to it, it allows me to go to this chart with no other additional annotations. |
| 56 | 00:12:19,920 --> 00:12:29,730 | Let's go back to ES chart. Alright, we're gonna start in a couple minutes because the session is about to begin |
| 57 | 00:12:36,330 --> 00:12:46,920 | just flashed a disclaimer once more, just in case you didn't see it when you came here. This is not a signal service. Do not push a button on anything I'm |
| 58 | 00:12:46,920 --> 00:12:55,410 | saying. It's like tape reading, okay to help you get accustomed to reading real time price data, which is an essential step before you even consider |
| 59 | 00:12:55,410 --> 00:13:12,000 | demonstrating, and certainly for live trading. So we have a gap opening lower. So we've been looking for a reason to want to pursue a retracement back into the |
| 60 | 00:13:12,030 --> 00:13:21,810 | overnight price action. I'm not suggesting we're creating a low to go straight to the moon or anything like that. But there is a gap between if you look at |
| 61 | 00:13:21,810 --> 00:13:32,970 | your electronic electronic trading hours tab, that's what's being shown here. If you click on regular, we're a good deal away. And trading view is not going to |
| 62 | 00:13:32,970 --> 00:13:45,870 | update and show for whatever reason they didn't want to populate the chart on my end for yesterday's abbreviated session. So just know that we will have a very |
| 63 | 00:13:45,870 --> 00:13:54,690 | choppy, likely morning session. So the opening range first 30 minutes of trading from 930 to 10 o'clock. We're basically observing try not to do too much not |
| 64 | 00:13:54,960 --> 00:14:03,090 | having any kind of impulse to want to chase anything, even if it tapers off and starts to run away. These conditions are the ones when you want to sit still and |
| 65 | 00:14:03,090 --> 00:14:11,850 | let it run without you. It's okay these types of moves. They're 5050 You don't know. And you want to try to trade in conditions that are very, very favorable, |
| 66 | 00:14:12,060 --> 00:14:20,850 | that low resistance liquidy round signatures will reside and we don't have that this morning. But it's beneficial for you to learn this because if you |
| 67 | 00:14:20,850 --> 00:14:29,400 | understand what we're studying and looking at, it will prevent hopefully by experience and being in it. Not jumping in blindly when you start trading with |
| 68 | 00:14:29,400 --> 00:14:33,030 | your quote unquote funded accounts or if you ever decide to trade with life camp funding |
| 69 | 00:14:43,980 --> 00:14:53,760 | so far dollar is not showing any kind of willingness to want to leave its range this morning. And again this is all based on what I was mentioning about the |
| 70 | 00:14:53,760 --> 00:15:01,350 | holidays. Take this up to a 60 minute |
| 71 | 00:15:08,550 --> 00:15:18,810 | Alright, so we have buyside resting around 4090. We also have another pool of Beisa liquidity resting at 4073 Even |
| 72 | 00:15:24,480 --> 00:15:40,020 | we've already worked towards this low here, let me draw a line on that. So had a small little shallow sweet below this low here, anything lower that we have |
| 73 | 00:15:40,020 --> 00:15:41,220 | small little fair value gap |
| 74 | 00:15:46,260 --> 00:16:08,520 | you can find that on your February 1 2023, two o'clock or 14 colon 001 hour chart, candle drop back down 15 One of the things that I was looking at this |
| 75 | 00:16:08,520 --> 00:16:22,890 | morning that gave me some confidence to work with that short position. If you look at the highs in here, after we traded up into a fair value gap, don't |
| 76 | 00:16:22,890 --> 00:16:30,600 | worry, I'm watching Real Time. But I've already warned you that we're not likely to see something so clean. So while we're waiting for that, I'm gonna go over |
| 77 | 00:16:30,600 --> 00:16:40,740 | what I did this morning, share it on Twitter, I uploaded the video too from my phone. And in case you missed it, I wasn't hiding my entry. I actually recorded |
| 78 | 00:16:40,740 --> 00:16:50,850 | it and put that part that portion on Twitter. When I was recording it. My boxers I have two dogs in their little bit rambunctious when my wife first gets out of |
| 79 | 00:16:50,850 --> 00:16:58,560 | bed. And they ran out into the house, she had to the bedroom door open. So it ran they ran out there and set off the alarm before had a chance to deactivate. |
| 80 | 00:16:58,560 --> 00:17:06,810 | So I had to scroll through my phone to go to the activation thing for my security system, and then go back to recording against that's why it's truncated |
| 81 | 00:17:06,810 --> 00:17:15,540 | between smaller pieces on Twitter. And the video that you saw, it's it was recorded that this couldn't show you all the pictures and such I have as |
| 82 | 00:17:16,440 --> 00:17:29,310 | wallpapers and things as a toggle through my phone. But anyway, we had higher highs in here on E Mini s&p, and what the NASDAQ. If you look at the settings |
| 83 | 00:17:29,310 --> 00:17:41,520 | down here I've set the high. So it's plotting the cumulative line. Remember we're looking for a buy side run them are pushed down, it's not high |
| 84 | 00:17:41,520 --> 00:17:55,290 | probability. This is we're looking for to dig into overnight trading. Watch this one here. And then this or here, where I was shorting at anyone that's held on |
| 85 | 00:17:55,290 --> 00:18:06,030 | to their short, they might want to run against that, because there's a small little sippy up and going up in here. One of the easiest ways to find my cursor |
| 86 | 00:18:06,060 --> 00:18:13,800 | is something I just thought of while doing this. If you want to know where my cursor is, because I can't highlight it. Look on the price axis on the right |
| 87 | 00:18:13,800 --> 00:18:22,230 | hand side of the chart over here. And wherever you see the numbers going up and down, just go to the left and you'll find my cursor that way. Okay. But there's |
| 88 | 00:18:22,230 --> 00:18:30,570 | small little city Senate balanced by Senate efficiency and order block right there. So if it gets a little overzealous on the outside, and wants to really |
| 89 | 00:18:30,570 --> 00:18:40,500 | dig in against the shorts that's been holding overnight. They have by side here for you. Beisa here |
| 90 | 00:18:47,670 --> 00:19:03,300 | they are in a really nice one at the point of which shorted this morning. Sure share that with you on Twitter Why don't you call it live I was just waking up |
| 91 | 00:19:03,300 --> 00:19:13,320 | man trying to get my bearings gotta be out here in front of the whole world. They can look at me through a microscope. What makes this guy tick Alright, so |
| 92 | 00:19:13,320 --> 00:19:26,940 | anyway, we have higher highs here lower high on NASDAQ After trading into what a premium relative to the high to that low cleared by side and that right there |
| 93 | 00:19:26,940 --> 00:19:34,140 | was the nice run into it it was a small little fair value gap also I worked with with pyramid and you can obviously look at the video that I posted on the |
| 94 | 00:19:34,140 --> 00:19:51,600 | YouTube channel. So we'll take this this way. minimize that. Make these a little bit thicker as you can see it Alright, so we're gonna study and see if if we |
| 95 | 00:19:51,600 --> 00:20:03,840 | want to drop back and lower. I'd like to see this down closed candle here at 931 These are all one minute candles, like to see If price maintain. Above that, you |
| 96 | 00:20:03,840 --> 00:20:12,810 | see we came down to it, and here tried to work with it showed a willingness to want to trade up. But you know, because listen, because this market can be |
| 97 | 00:20:12,810 --> 00:20:26,100 | choppy, we can go into what seek and destroy, seek and destroy, many times, many, many times starts off like, it's a good price run about to unfold. And |
| 98 | 00:20:26,100 --> 00:20:34,560 | then you will either engage it, or wait for another array to get in involved with that price movement. For instance, like, I'm building the case that we're |
| 99 | 00:20:34,560 --> 00:20:42,780 | going to run for these bicycle equity poles, okay. That's where my focus is, I'm not going long. I don't want to sell short. But because of the conditions that |
| 100 | 00:20:42,780 --> 00:20:54,600 | are in right now, because we come up with a holiday, we had an abbreviated session on Monday. That affects a lot of trading. A lot of sentiment, there |
| 101 | 00:20:54,600 --> 00:21:02,460 | isn't a lot of interest right now. Because everybody's sitting with their hands. underneath their hand, your parts are sitting on your hands waiting to see what |
| 102 | 00:21:02,460 --> 00:21:10,740 | the markets gonna show is waiting. They're waiting for the tip of the hand. Okay. So imagine we're all sitting at the poker table. And we're waiting for the |
| 103 | 00:21:10,740 --> 00:21:21,540 | market, who has the highest stack of chips, we want to see hopefully, that that hand at that mark is holding is getting flashed to us. So we can play with a |
| 104 | 00:21:21,540 --> 00:21:33,330 | little bit more insight. Right now, it's too soon, too early. My attention is on this down close candle, I want to see price support it. Or I want to see price |
| 105 | 00:21:33,330 --> 00:21:40,800 | respected, rather safe, let me say it that way. But I'm looking at the likelihood of the market wanting to draw up to this by side liquidity. If it |
| 106 | 00:21:40,800 --> 00:21:51,300 | trades to this by side liquidity, I want to see it, advance quickly through it and work towards this one, it may not do so. But as a real time tape reading |
| 107 | 00:21:51,300 --> 00:22:01,560 | study, that's what we're looking at. In between all the price points that I'm referencing, you want to annotate how much of a price move transpires between |
| 108 | 00:22:01,650 --> 00:22:09,810 | the point at which when we draw attention to it. And if it goes to a level that we were expecting it to draw to, how many handles how much time does it take how |
| 109 | 00:22:09,810 --> 00:22:18,720 | much draw down against that, all those things you want to be logging, while you're tape reading, you're not just simply listening to me, hoping I get it |
| 110 | 00:22:18,720 --> 00:22:28,410 | right, I hope not get it wrong, you're listening to it, and then you're observing and measuring all the fluctuations each time. Over time, you're gonna |
| 111 | 00:22:28,410 --> 00:22:35,370 | see, there's going to be a lot of things that work out in favor, and there's gonna be times where it doesn't work out in favor. The main takeaway is right |
| 112 | 00:22:35,370 --> 00:22:48,270 | now we've already identified this morning as being difficult, it's going to be difficult. Where everybody else, retail Rick's gonna, he's probably only got six |
| 113 | 00:22:48,270 --> 00:22:59,040 | trades in already today. Every short term high and low is potential to be swiped. Okay, above and below, above and below. That's really what I want to |
| 114 | 00:22:59,040 --> 00:23:09,660 | have your focus on there. But I'm primarily interested in seeing if we can drive up in these by suddenly quadruples. That would also give me a little bit of a |
| 115 | 00:23:09,660 --> 00:23:15,300 | help for potentially what I'm going to likely do if we get a sloppy morning, what I look for in the afternoon. |
| 116 | 00:23:23,400 --> 00:23:39,120 | Dow futures on its five minute chart really had a nice reaction off of a five minute fair value gap. You can see that on your Dow, which is why m h 2023. The |
| 117 | 00:23:39,120 --> 00:23:47,820 | candle on a five minute chart is the seven o'clock candle this morning. Presently on es, I may refer to charts that I'm not showing you. I'm not going |
| 118 | 00:23:47,820 --> 00:23:54,510 | to keep toggling back and forth because number one, I'm going to probably get disoriented and do it incorrectly. So we're going to try to keep our focus here |
| 119 | 00:23:54,510 --> 00:23:58,440 | on the Yes, but I'm just giving you additional insights so you can look at it on your end |
| 120 | 00:24:04,050 --> 00:24:12,930 | so I'm watching the Dow only because it's like a barometer like the like the dollar is for me when I'm trading Forex. So far we've had that down close candle |
| 121 | 00:24:12,930 --> 00:24:24,540 | supporting initially doesn't mean it's gonna stay like this, but it's already shown a willingness to support price in here. And NASDAQ's reaching for its |
| 122 | 00:24:24,540 --> 00:24:39,990 | buyside liquidity pool essentially around that 12 to 75 level. So yes, should have a nice run into that 4055 level 4055 and a half |
| 123 | 00:24:45,300 --> 00:24:52,770 | Dow futures are still a little bit heavy, but it's touching a potential bullish breakout on the five minute chart. So that's what I'm looking at. You can see |
| 124 | 00:24:52,770 --> 00:25:08,760 | that bullish breaker on the five minute 915 candle. So time candle is About your chart you'd be looking for on the doubt chart 09 colon 15 That candles. wick is |
| 125 | 00:25:08,760 --> 00:25:17,700 | what I'm looking at so far on the upside leadership has been shown with the NASDAQ |
| 126 | 00:25:24,809 --> 00:25:32,219 | just about there on nice tech spots a liquidity pool it just pierced it just now. So we want to see es try to run to catch up with it |
| 127 | 00:25:57,390 --> 00:26:11,370 | not seeing any kind of confirmation with risk on risk off across the forex pairs, euro and cable in dollars still stuck in the mud. Which, you know, that |
| 128 | 00:26:11,370 --> 00:26:22,230 | makes trading for the crosses in forex better the Euro pound aussie yen, those types of things, anything that's not $1 Cross, they'll be moving around and |
| 129 | 00:26:22,230 --> 00:26:33,930 | condition like this. Es should be piercing through that buy side next here. NASDAQ still holding above its spots on liquidity pool. and Dow still side still |
| 130 | 00:26:33,930 --> 00:26:55,470 | stuck inside of its middle of its range. Between its low and intraday high, it's formed since 930 is opening. The Dow futures can move above it's 33 635. Low, |
| 131 | 00:26:56,190 --> 00:27:06,900 | that should give some lift to yes, there's your boss that liquidity pool. So now you want to screenshot that right there. So we outlined this down close can't I |
| 132 | 00:27:06,900 --> 00:27:20,220 | mean they go the waters you can see we outlined the 931 candle. Okay, so that down close candle, I wanted to see price, the supporting this move down into it |
| 133 | 00:27:20,220 --> 00:27:30,990 | shouldn't pierce through it, it doesn't. The candles also on the next one here goes right down to essentially mean threshold which is the middle of this down |
| 134 | 00:27:30,990 --> 00:27:41,640 | close candle, which is an order block obviously. So it comes down and then reprice is higher, the next candle opens, trades down into a volume imbalance |
| 135 | 00:27:41,670 --> 00:27:54,120 | and order blah. So it touches a here. And what I was taking your attention to at the time was I was watching the NASDAQ and my other charts. So that way, you can |
| 136 | 00:27:54,120 --> 00:28:02,910 | have them on an additional window like if you're looking even with a single laptop, you can open up another window that you just hold down Ctrl I'm sorry, |
| 137 | 00:28:02,910 --> 00:28:10,950 | hold down alt and tap the tab button. And you can toggle through your windows. So you can when you hear me refer to look at the Dow at this timeframe on this |
| 138 | 00:28:11,190 --> 00:28:19,050 | particular candle. Or look at the NASDAQ that way, you'll be able to see the same thing, you won't have to have 10 monitors in front of you, you just you can |
| 139 | 00:28:19,050 --> 00:28:29,940 | use to do it with one laptop. But you want to be referring to other markets to support you not just simply looking at one timeframe of one asset. You might be |
| 140 | 00:28:29,940 --> 00:28:38,160 | specializing and trading the ES because I'm not trying to push you out to do it. But I'm only going to limit my focus to this because it'd be very easy for me to |
| 141 | 00:28:38,160 --> 00:28:47,280 | get diluted. And I won't be as effective. If I'm looking at all different things and I find I'm not doing requests like hey, let's talk about this one. No, we're |
| 142 | 00:28:47,280 --> 00:28:56,190 | not doing that. It's not having your way mentorship. We're we're doing one thing and everything I'm teaching you in this works in the US 500 works in the US 100 |
| 143 | 00:28:56,430 --> 00:29:08,310 | works in German 30 who works in bond futures it works in obviously es futures it works in forex, okay. The impatience that you're feeling because you want to |
| 144 | 00:29:08,310 --> 00:29:16,020 | trade what you're able to trade and copy whatever I'm talking about, that's not going to happen. You're not gonna learn that way. But we've talked about that |
| 145 | 00:29:16,020 --> 00:29:30,090 | order block and the draw on liquidity was here. Now look at we've got since then, what was both well here by stops what's below here? What's down below this |
| 146 | 00:29:30,090 --> 00:29:46,440 | low here? Sell stops. So if we're cautious because it's a holiday, because it's not likely to be clean price action. The market can do what it can create that |
| 147 | 00:29:46,440 --> 00:29:56,940 | what seek and destroy profile, which is every short term high and every short term low will get pierced and swept back and forth, back and forth. And |
| 148 | 00:29:56,940 --> 00:30:06,720 | essentially it can go nowhere all morning session going into lunch. But because we have such a large opening gap lower, we're opening what a discount, the |
| 149 | 00:30:06,720 --> 00:30:17,670 | discount is determined because of the opening price being lower than we closed the previous session. So when we have that the market is going to do what it's |
| 150 | 00:30:17,670 --> 00:30:28,920 | going to favor, probing to the upside, even, even if this is the go lower, it wants to go higher. Why? Why would it want to go higher, number one, to move |
| 151 | 00:30:28,920 --> 00:30:41,280 | against those people that are short, or to move against those shorts to accumulate thereby stops them ride that lower. So either way, it's more |
| 152 | 00:30:41,280 --> 00:30:49,710 | incentive for to go towards the buyside liquidity pools, which is why I've referenced them this morning before we even opened up. But it's problematic. |
| 153 | 00:30:50,850 --> 00:30:59,100 | Even though we've looked at something that delivered five handles or more between the order block that I outlined in the buyside it was should have drawn |
| 154 | 00:30:59,100 --> 00:31:12,210 | to here that move from here to here. That is your bread and butter setup. That's what I was crawling about. In my very foul language. Twitter space this weekend, |
| 155 | 00:31:12,240 --> 00:31:21,900 | which I thought about after a close up, I must have said the F word probably 120 times. I apologize, but I was very animated this weekend. And when it's live, |
| 156 | 00:31:21,900 --> 00:31:34,680 | it's unfiltered. So we've seen the buyside liquidity on NASDAQ swept above that 12 to 75 level. So far, we're back below Dallas is really unable to do anything. |
| 157 | 00:31:34,680 --> 00:31:48,090 | It's already making lower lows. NASDAQ is still way off of its intraday lows from 930. And s&p is in the middle of its range between its low and its intraday |
| 158 | 00:31:48,090 --> 00:32:01,230 | high formed here. So we have lower lows being formed on Dow NASDAQ near its high of the day from 930 is opening and s&p is in the middle. Does that sound like |
| 159 | 00:32:01,230 --> 00:32:16,050 | market symmetry? No. Absolutely not. They should be in tandem moving together. Plain and simple, clean price runs moving lockstep higher higher, lower lower. |
| 160 | 00:32:16,620 --> 00:32:27,090 | It isn't seen here we got you aren't seeing that are you exactly what we were expecting. So that's that is worth its weight in gold. boughs I'm sorry, not |
| 161 | 00:32:27,090 --> 00:32:36,960 | down. Dollar index is looking to challenge its into day high. I mean get the high 40s You can find it on your chart on a 50 minute time frame for dollar |
| 162 | 00:32:36,990 --> 00:32:52,440 | which is the the XY symbol on trading view that candles high at the 415 for today, the high comes in at 104 Point 26. Right now are trading at 104 17.4. |
| 163 | 00:32:54,960 --> 00:33:08,190 | Watch the sell side down here on es even though that NASDAQ is way up there, high up in its intraday high range, it will likely smash down and catch up and |
| 164 | 00:33:08,190 --> 00:33:21,570 | take the sell side out on it as well. s&p is just cleaned out it stops below the low here and Dallas really, really showing weakness, NASDAQ still not making |
| 165 | 00:33:21,570 --> 00:33:31,980 | that lower low. So when we have situations like this, you turn your attention to the NASDAQ if you want to study like a potential setup, you can look for the |
| 166 | 00:33:31,980 --> 00:33:45,240 | NASDAQ to try to catch up because it's the stronger one right now. That might change gears and it becomes weakened or sickened because of all the weight |
| 167 | 00:33:45,300 --> 00:33:57,180 | that's placed placed on the marketplace like we've seen in the Dow if you look at the Dow which is why M H 2023 On trading view and NASDAQ symbols and Q H |
| 168 | 00:33:57,180 --> 00:34:13,590 | 2023. Actually, let me just I can do this that's the NASDAQ right now. So see the difference between that I would expect it to run down here. So the setup if |
| 169 | 00:34:13,590 --> 00:34:24,240 | you're paper trading, if you're tape reading, you're going to watch and observe how this market wants to respect maybe this wick consequent curtailment and this |
| 170 | 00:34:24,360 --> 00:34:32,100 | consequent coachmen of that wick what's between those two? Okay, and see if we can get a run down into the sell side to catch up with what we've already seen |
| 171 | 00:34:32,550 --> 00:34:46,500 | in the Dow and in the ES do not trade it. Some of you already run into MQ putting orders in stop. Okay. This is not the kind of one for that to go back to |
| 172 | 00:34:46,890 --> 00:34:51,270 | es real quick. Excellently legal link because I want you to see it run |
| 173 | 00:35:00,000 --> 00:35:25,560 | Let me show you the Dow there's Dow Jones made a lower low. Here's your model 22. short sell side we're trading into here. Yes, let's go back to that real |
| 174 | 00:35:25,560 --> 00:35:38,940 | quick. Okay, ran through to the buy side we were looking for, and let's go to NASDAQ because that's the one that should be delivering on a deferred basis. So |
| 175 | 00:35:38,940 --> 00:35:46,470 | you're gonna look down here, that's where the liquidity is. All the retail that chase all this run, the books held on the put their stop loss read below that |
| 176 | 00:35:46,470 --> 00:35:56,820 | low will kind of stop losses that sell stop. Why would they want to take take it down here, because they sold short to all the buy stops resting above this high |
| 177 | 00:35:56,820 --> 00:36:07,860 | here. So smart money short from up here. And they're going to do offset offset distribution, which is when they short above an old high and accumulate buy |
| 178 | 00:36:07,860 --> 00:36:16,140 | stops. The way they want to profit is they wait for the algorithm to reprice, I said the word of buttons used to be saying they wait for the market to want to |
| 179 | 00:36:16,170 --> 00:36:27,600 | go below the old support level right? Where there's going to be sell stops. So they can short to buy stops and buy sell stops. So that's that market efficiency |
| 180 | 00:36:27,600 --> 00:36:33,630 | paradigm that I teach in my core content lessons. Dallas is getting smashed. |
| 181 | 00:36:43,560 --> 00:37:03,330 | 40 2950 on your ES chart. Make sure you have that on there. That is a low from January 30. At 330, so January 30 2023. had that level and again, the levels |
| 182 | 00:37:03,330 --> 00:37:17,100 | four zero to 959. NASDAQ has a small little fear of a gap written here. But we're wild this morning. So you have to consider these wicks. And because |
| 183 | 00:37:17,100 --> 00:37:22,320 | there's two of them back to back. I like to look at the midpoint of that one and midpoint in that one because it can return like it's doing right here |
| 184 | 00:37:34,170 --> 00:37:45,660 | NASDAQ is a little bit of a wild beast. Okay, it exaggerates its moves. And if you're wrong, and you're offside, you can get smashed really quick. Yes, it's a |
| 185 | 00:37:45,660 --> 00:38:02,550 | little bit more tamer. More professional trading that one not that you can't trade in Cuba obviously. So we have NASDAQ with a higher low look right here |
| 186 | 00:38:02,640 --> 00:38:08,310 | this low. At the same time. The NAS I'm sorry, the Dow |
| 187 | 00:38:13,980 --> 00:38:32,310 | lower low on Dell. And yes lower low. Okay, so we had a failure to go lower on NASDAQ. We have lower low on the Dow intraday, we have lower low on yes |
| 188 | 00:38:32,310 --> 00:38:43,170 | intraday. And we have, we have yet to see the dollar index, and he put that up for you too. Don't worry, I'll get it. I'll get better at this as I go. Okay, I |
| 189 | 00:38:43,170 --> 00:38:51,600 | just want to make sure I'm not going to lose my space here. So I'm afraid sometimes, I might not be doing the right thing with the OBS screen sharing that |
| 190 | 00:38:51,600 --> 00:38:58,470 | goes to my YouTube channel. And I'll be talking about the chart that you can't see, but I'm looking at. So we can see that the dollar index has yet to make |
| 191 | 00:38:58,470 --> 00:39:11,400 | another higher high. So while you're watching price action this morning, should the dollar index make that higher high. And if we don't see an abrupt reversal |
| 192 | 00:39:11,400 --> 00:39:23,640 | on the NASDAQ because that's the one to watch right now. Okay, because we have an SMT divergence. That means between the Dow, the s&p, and the NASDAQ, all of |
| 193 | 00:39:23,640 --> 00:39:34,320 | them should have made lower lows, they have yet to do that. The NASDAQ has failed to make that lower low. So it could be indicating that this is the |
| 194 | 00:39:34,560 --> 00:39:45,270 | morning session, intermediate term low and then we're going to dig higher for buyside. and work towards that overnight range that need to kind of eat into |
| 195 | 00:39:45,270 --> 00:39:54,000 | that range that we've got down from yesterday's close to where we opened this morning at 930 across all the averages. But if this dollar index were to make a |
| 196 | 00:39:54,000 --> 00:40:10,020 | higher high and NASDAQ doesn't make another sustained Same price run above the 12 to 75 level, then the Dow I'm sorry, the Dow s&p pressure of making lower |
| 197 | 00:40:10,020 --> 00:40:18,420 | lows. And I said pressure doesn't there's not the selling pressure, but it's the fact that it made it lower low. NASDAQ would want to see if this dollar makes a |
| 198 | 00:40:18,420 --> 00:40:34,860 | higher high, it would want to likely see a lower level and NASDAQ post. And that's how we use market. Inter market relationships, to ferret out moves. |
| 199 | 00:40:36,510 --> 00:40:46,080 | Weighing constantly, not just one asset, not one instrument, because you can't, you can't simply just use the analysis of one instrument and feel like you're |
| 200 | 00:40:46,080 --> 00:40:58,080 | completely informed. You might believe that you might think that's the case. But you're really you're running around with one eye closed. And this is not |
| 201 | 00:40:58,230 --> 00:41:02,220 | advantageous. dals, nears low the day. |
| 202 | 00:41:27,600 --> 00:41:37,200 | I'd like to see this little gap right here, stay open. If we break lower, that would be a breakaway gap. And we could end this like it's gonna come back for |
| 203 | 00:41:37,200 --> 00:41:43,500 | now. See, it's back into |
| 204 | 00:41:49,530 --> 00:41:58,260 | now let's just say for sake of discussion, say we were not on the heels of the holiday. Okay. See, we're not on the heels of holiday. And we had the situation |
| 205 | 00:41:58,260 --> 00:42:08,040 | we have right here where the Dow made lower lows, the s&p made lower lows. As soon as we traded up into that fair may get right there, I would not that you |
| 206 | 00:42:08,040 --> 00:42:18,300 | should now understand what I'm saying. I would have used this as a short to get in to make a run for this deal here. But I'm not trading NASDAQ, and I'm not |
| 207 | 00:42:18,300 --> 00:42:25,680 | inspiring or hopefully not inspiring anybody to push a button. But because we're in this market environment, it's still inside the opening range, we have two |
| 208 | 00:42:25,680 --> 00:42:39,270 | more minutes. It's the first 30 minutes of trading. Once that first 30 minutes has transpired. You want to identify your 15 five in one minute, buy side and |
| 209 | 00:42:39,300 --> 00:42:49,170 | sell side liquidity pools and where all the inefficiencies are. And that is the that's the the template that you work with between 10 o'clock, and lunchtime |
| 210 | 00:42:49,170 --> 00:43:00,720 | noon. Everything will transpire based on that information every single day, it's the same thing. But you have to have that first 30 minutes to give you that, |
| 211 | 00:43:00,960 --> 00:43:09,000 | that lay of the land, the territory in which you're going to explore and seek new setups. And it's going to be in the basis of repricing to a premium |
| 212 | 00:43:09,030 --> 00:43:20,820 | repricing to a discount, running stops or returning to inefficiencies. And there's your drop off of the fair value that we mentioned right there. So you |
| 213 | 00:43:20,820 --> 00:43:30,120 | want to screenshot that. And that's the setup to case those of you who want to do the NQ instead of ES. You had another live example here. So let's go back to |
| 214 | 00:43:30,120 --> 00:43:39,600 | ES now. See how boring this stuff is even on days where it's low probability. It's the same stuff repeating all the time. It's not random. There's no reason |
| 215 | 00:43:39,600 --> 00:43:48,570 | for us to be what just happened. Where'd that come from? That's infancy. That's somebody that doesn't know what we're doing. We're highly emotional. I get |
| 216 | 00:43:48,570 --> 00:44:02,130 | emotional on Twitter spaces but not in price action. So now we have the condition where we have all three averages, the Dow, the NASDAQ and the ES all |
| 217 | 00:44:02,130 --> 00:44:16,590 | of them now have made lower lows all of them. So now we refer to what what's their final qualification for bias the dollar index has the dollar index made |
| 218 | 00:44:16,590 --> 00:44:17,250 | that higher high |
| 219 | 00:44:24,930 --> 00:44:36,750 | not yet. So because we have done that, in the ES making lower lows, s&p lower lows and NASDAQ lower lows, we would expect to see dollar pierce through that |
| 220 | 00:44:36,750 --> 00:44:50,460 | 104 26 to the upside. By doing that, we would also further expect the euro to go lower and cable to go lower cable has a very large buy side bye by side and |
| 221 | 00:44:50,460 --> 00:45:02,850 | balanced outside inefficiency on POUND DOLLAR and I use the forex.com pair on trading view. If you look at the For 30 candle on your 15 minute timeframe, |
| 222 | 00:45:03,240 --> 00:45:13,110 | that's a big bus out of balance. So sign in efficiency. If you pull up your fibs on that, measure that consequent encroachment, which would be measured from the |
| 223 | 00:45:13,110 --> 00:45:26,070 | high of the candle. Now I'm talking about POUND DOLLAR right now, for those who earn Forex, at the 415 Candle up today, that high up to the low of the 445 |
| 224 | 00:45:26,070 --> 00:45:33,720 | candle on a 15 minute time frame for POUND DOLLAR, that big green candle. That's your bias on balance. So Simon efficiency, the consequent curtailment comes in |
| 225 | 00:45:33,720 --> 00:45:49,050 | at 1.20434. So if we can get the dollar index to run up through that 104 26 I would look for POUND DOLLAR to try to gravitate towards that 120 43 level |
| 226 | 00:45:49,230 --> 00:45:57,030 | doesn't mean it's going to go to it. But it is all dependent on that dollar doing that. So I'm trying to toss you a bone that those want to be trading |
| 227 | 00:45:57,030 --> 00:46:02,820 | Forex, you're not really interested in all this other stuff. And it's hard for me to hold your attention because it's a pair or market that you're not trading. |
| 228 | 00:46:03,780 --> 00:46:12,330 | Understand, it's all it's all part of it. Okay, it's all part of the things that we look at as a holistic approach to analysis not just simply I'm a day trader |
| 229 | 00:46:12,360 --> 00:46:18,480 | I'm working with the Euro dollar, I'm not gonna look at anything else, not dollar not pound on anything that's myopic, too myopic have an approach with |
| 230 | 00:46:18,510 --> 00:46:28,170 | analysis, you have to incorporate other things. So inter market and intra market analysis, things that are related, inversely correlated, or positively |
| 231 | 00:46:28,170 --> 00:46:40,170 | correlated. Dollar to forex pairs is inversely correlated. Dollar is inversely correlated to equities and stocks. If the dollar is going higher, that's risk |
| 232 | 00:46:40,200 --> 00:46:49,500 | off at it's going to be easy to see shorts form in index futures and forex pairs. So because we've already made that meant that I'm sorry, we've already |
| 233 | 00:46:49,500 --> 00:47:04,110 | met the lower low condition across all three averages Dow, s&p and NASDAQ. And we have not seen the dollar index make the higher high, we now have what $1 SMT |
| 234 | 00:47:04,110 --> 00:47:16,110 | divergence. So we did not confirm a higher high with the dollar index, meaning that these lows here on BS NASDAQ and Dow could potentially be forming what an |
| 235 | 00:47:16,110 --> 00:47:19,920 | intermediate term low go back to ES. |
| 236 | 00:47:38,550 --> 00:47:56,250 | 4029 5040 2950 Make sure you have that on your chart for ES can that's where it is here. That's the next sellside liquidity pool that I'm interested in. |
| 237 | 00:48:01,470 --> 00:48:17,520 | Nast, NASDAQ is just banging around and it's lower quadrant of its intraday range today. meandering around between 1220 I'm sorry, 12 to 32 and 12 to 15. |
| 238 | 00:48:24,090 --> 00:48:30,450 | You don't see me doing it, but I'm kind of audibly walking you through it. I have all these monitors in front of me and what I'm constantly toggling my |
| 239 | 00:48:30,450 --> 00:48:42,480 | attention through. I look through all of I've entered a matrix where I have a one minute, two minute, three minute four minute chart on the NASDAQ. And then I |
| 240 | 00:48:42,480 --> 00:48:51,870 | have the same thing for the the E Mini s&p. So I'm looking through that content looking for small little micro gaps and inefficiencies there. And I'm looking at |
| 241 | 00:48:51,870 --> 00:49:01,740 | the relationship between all the other markets, I'm looking at the NASDAQ where it's trading in respect to what the s&p is doing. And also with Dow which Dow is |
| 242 | 00:49:01,740 --> 00:49:11,340 | the leader to the downside. It's the weakest one today. And I'm watching the dollar index. So I'm constantly moving my attention through all the charts and |
| 243 | 00:49:11,340 --> 00:49:18,510 | screens in front of me. So that way, I'm constantly taking in information. I'm getting a read on everything. I'm not just looking at one tree with my nose |
| 244 | 00:49:18,510 --> 00:49:27,510 | against the bark of the tree and thinking I'm seeing the forest I'm not this way. I'm looking with a panoramic view over the entirety of the marketplace as |
| 245 | 00:49:27,510 --> 00:49:36,870 | best as you can. You accumulate through these instruments collectively. Obviously, you can look at a whole bunch of things NASDAQ just ripped to a new |
| 246 | 00:49:36,870 --> 00:49:51,720 | lower low, s&p has done good back here. When the SP should sell off in here now we have lower low on NASDAQ. Dow has made lower lows but it's off its low now. |
| 247 | 00:49:52,140 --> 00:49:56,100 | So we would want to see the s&p Take out that low here. |
| 248 | 00:50:09,990 --> 00:50:18,840 | The benefit of something like this that you're sitting in being a part of, is you're learning how to take read. We've talked about moves before it happened, |
| 249 | 00:50:18,840 --> 00:50:26,670 | we talked about what it should do what it should be more sensitive to, even in NASDAQ, and it's delivered. I mentioned two things in NASDAQ that were very |
| 250 | 00:50:26,670 --> 00:50:37,530 | influential. And you should be going back and listening to this recording, and ferreting that out and putting it in your charts and annotating as well. But you |
| 251 | 00:50:37,530 --> 00:50:46,080 | can't confidently because if you read the comments in my videos, that one that still allow comments, I don't want to be babysitting so many people that spam |
| 252 | 00:50:46,080 --> 00:50:55,890 | and try to get people thinking that I'm running services somewhere else. Join this room ICTs going to teach you the mentorship when mentorship is here, right |
| 253 | 00:50:55,890 --> 00:51:05,910 | here live. I don't wanna babysit comments. But in those comments sections, you'll see many times folks will say, how do you trust? How do you know see the |
| 254 | 00:51:05,910 --> 00:51:17,040 | dollar index? While I'm talking, you want to look at the dollar, how it's really failed to make that higher, high. And now because s&p was unable to make that |
| 255 | 00:51:17,040 --> 00:51:28,470 | lower low, in concert with the lower levels in NASDAQ, this is that potential intermediate term low that may be forming here for the morning session. The |
| 256 | 00:51:28,470 --> 00:51:44,010 | dollar index really fell off trading at one a 4.04. But you'll never understand what it means for me to say it's experience, what sounds like to a new student |
| 257 | 00:51:44,010 --> 00:51:54,270 | to a new viewer or new subscriber to my YouTube channel, where do these live sessions that are looking at my tweets? It sounds like a cop out like okay, |
| 258 | 00:51:54,270 --> 00:52:02,370 | well, he doesn't really want to teach me because he's saying it's just experience. The experience is gathered by watching me do this. This is what I |
| 259 | 00:52:02,370 --> 00:52:13,710 | did. For a long, long time. When I first started that initial look, which is what it was, it wore off. And I didn't know how to trade I'd teach myself to |
| 260 | 00:52:13,710 --> 00:52:23,640 | look for certain things and trust it. And just like you if you're new, you're having a difficult time trusting things that I'm teaching, it feels confident, |
| 261 | 00:52:23,880 --> 00:52:27,570 | you feel confident when you look at it, I want to see it make that lower low still on s&p. |
| 262 | 00:52:33,420 --> 00:52:39,330 | Even though the dollar index is off its highs, I still want to see it pierced that low on s&p. |
| 263 | 00:52:46,350 --> 00:52:56,670 | Now, because I'm looking at the lows, I'm toggling the setting to price source to low. So that way, if it makes a lower low here and say the NASDAQ doesn't do |
| 264 | 00:52:56,670 --> 00:53:08,730 | it, that'll be s&p divergence. And if it does, that I'll come in. At that time, right now, we're just watching it. But you can't appreciate the necessity for |
| 265 | 00:53:08,730 --> 00:53:20,340 | experience and how it teaches the influence of having been here so many times before, and not being emotionally charged about the outcome. I'm sitting out in |
| 266 | 00:53:20,340 --> 00:53:27,960 | front of all of you, I could be wrong. I told you that we were going to see a challenging morning. It's pretty challenging. It says in a clean price run day, |
| 267 | 00:53:28,680 --> 00:53:37,350 | even though we had a lot of movement. When we went to our buy side, I said okay now because it could be seeking destroy, and other factors I've outlined here, |
| 268 | 00:53:37,680 --> 00:53:49,710 | it could start delivering towards the low end that said no wants to sell side. The cynics that come in, just simply want to know, black or white, binary, on or |
| 269 | 00:53:49,710 --> 00:53:59,760 | off by yourself, you need to trade to the track you they're not going to see the benefit in this because it's not something that they can go out and make money |
| 270 | 00:53:59,760 --> 00:54:08,160 | with. Or they can fault someone for losing if it was wrong. So it's very frustrating thing for a troll to watch this because they want something to run |
| 271 | 00:54:08,160 --> 00:54:16,140 | with. Whereas a student can come here and see this and watch and observe a very objective approach to reading price action. There's nothing charged emotionally |
| 272 | 00:54:16,140 --> 00:54:27,390 | here. I have no benefit. Or consequence if I'm wrong, which is exactly the benefit that you will experience by learning how to read price action on your |
| 273 | 00:54:27,390 --> 00:54:36,630 | own, where there is no outcome that is going to be their favorite because it was profitable or feared because it's going to be a monetary loss. That stage of |
| 274 | 00:54:36,630 --> 00:54:51,510 | learning how to trade is the absolute sweet spot for learning but no educator emphasizes that. No educator not one, not one of them does that. You have to |
| 275 | 00:54:51,510 --> 00:55:00,300 | have that and it can't be rushed. You can't just say I've done 20 sample sets of this pattern. I back tested for three months or six months and you You can't |
| 276 | 00:55:00,300 --> 00:55:05,010 | walk away thinking you're you're now prepared because you're not, the only thing you're prepared to do is gamble. |
| 277 | 00:55:12,929 --> 00:55:26,639 | And I'm trying to do my best to inspire you to do this stage and not rush through it should be Pearson that low here. Here we go. NASDAQ this fell out of |
| 278 | 00:55:26,639 --> 00:55:39,809 | bed, Dow just tanked even more dollar still, unfortunately, is still in its range. So we'll be looking for, even though the dollar might not do it at higher |
| 279 | 00:55:39,809 --> 00:55:53,519 | high, it could change gears later on. But right now, I'm monitoring that 40 2950 level still, yes, that's in play for me until we take out 4549. Whatever this |
| 280 | 00:55:53,519 --> 00:56:11,039 | highs here, this is high. 4049 changes the whole lay of the land for me, we'll see 40 2950 As long as we're below 4043 quarters. Now, again, I told you earlier |
| 281 | 00:56:11,039 --> 00:56:14,729 | in the stream, where that is, it's in January. |
| 282 | 00:56:20,400 --> 00:56:30,660 | So I mean, you'll get more comfortable as you watch price action, even on the times that I'm not doing it. Because obviously I'm only doing the live sessions |
| 283 | 00:56:31,230 --> 00:56:43,260 | in specific times. But the idea of watching it taking in the information you're seeing, weighing the effects, and the confirmations that you would expect to see |
| 284 | 00:56:43,260 --> 00:56:55,590 | in other markets, Dow NASDAQ, all those things lend well to support a will you'll trust those things to build your confidence. The part that you have right |
| 285 | 00:56:55,590 --> 00:57:04,980 | now, that is fearful is because you haven't done this enough. This this right here looking at it, trusting that it's going to do certain things. And because |
| 286 | 00:57:04,980 --> 00:57:14,490 | you've had these laboratory experiments, where you're safe, you can't lose money from watching price action, you're not even pushing a demo account. I'm not |
| 287 | 00:57:14,490 --> 00:57:24,420 | pushing a button, you're not pushing a button. But you're taking in all this information that a book. And a trading course does not fulfill my mentorship |
| 288 | 00:57:24,750 --> 00:57:32,070 | doesn't fulfill this is why I said when people were taking my competent content, and sharing it on telegram and sharing on Discord channels and sharing it |
| 289 | 00:57:32,070 --> 00:57:38,550 | everywhere and selling it and repackaging and renaming and all those things. They individuals, yes, they'll have a little splash over effect, because |
| 290 | 00:57:38,580 --> 00:57:48,630 | sometimes the things that they'll learn, it's pretty much going to deliver like that. But these instruments have conditions that make it sometimes hard. And |
| 291 | 00:57:48,630 --> 00:57:56,130 | unless you sit down with me like my private mentorship, experience, and now you're having that experience of stop asking the join mentorship, I am doing |
| 292 | 00:57:56,130 --> 00:58:04,830 | mentorship is exactly what I was doing with them. But better. I'm not distracted by all the people that were trying to talk to me in my mentorship at the time |
| 293 | 00:58:04,860 --> 00:58:13,980 | asked me questions, I had nothing to do with what I was referring to, which is why I'm added about having my approach to teaching you in stop letting other |
| 294 | 00:58:13,980 --> 00:58:26,910 | people influence me to tell me how I should teach. I know what works, you are coming to me with a small stage of confusion, a lack of understanding, but you |
| 295 | 00:58:26,910 --> 00:58:34,650 | think that you know how you should be taught you don't? I know how you should be taught. And every time I deviated from what I know works, it made it harder for |
| 296 | 00:58:34,650 --> 00:58:41,940 | me as an educator and harder for the students. So if you don't like this person learning, you know, obviously, there's plenty other YouTubers out, there's |
| 297 | 00:58:41,940 --> 00:58:50,250 | plenty other educators and people who I'm sure help you, you'll spend money and you'll probably lose money. But here you're protected. You're not going to lose |
| 298 | 00:58:50,250 --> 00:59:00,060 | money, I promise you the things I'm talking about work and you're seeing it. Now here live right here. And I'm explaining what it shouldn't shouldn't do. There's |
| 299 | 00:59:00,060 --> 00:59:10,680 | no books out there, I got 2000 Plus books, not one of those books ever taught what I'm teaching you. It doesn't exist. These educators, if they know what |
| 300 | 00:59:10,680 --> 00:59:18,000 | they're doing, they'll come out here and explain their methodology in front of you live. And if it works, you'll see it if it fails, and it can still make |
| 301 | 00:59:19,530 --> 00:59:32,100 | positive returns in terms of the signal formation, the delivery of price, losing is not a problem. But if they can't prove the efficiency behind the idea, or if |
| 302 | 00:59:32,100 --> 00:59:39,840 | they even can do it at all, not just use hindsight or Market Replay, then you probably don't have the best educator and I'm not claiming to be the best |
| 303 | 00:59:39,840 --> 00:59:47,430 | educator on this prank. I'm just promising you I have the best way of interpreting price action. And I'm learning hopefully over time to be a better |
| 304 | 00:59:47,430 --> 01:00:03,000 | mentor. 40 2950 I mentioned a little while ago, see if we can pierce down through that and should it do that I will consider this morning a wrap |
| 305 | 01:00:22,590 --> 01:00:31,170 | you can't rush to making money. Okay. And now it feels like, you know, the end of the world's just around the corner and everybody wants to go out buy their |
| 306 | 01:00:31,170 --> 01:00:40,200 | Lamborghini before it does. But you got to, you got to be practical folks. And and it's all I'm trying to be trying to be practical. There's lots of ways to |
| 307 | 01:00:40,200 --> 01:00:51,480 | skin a cat. Yes, there's lots of ways to find profitability, yes. But you cannot speed up proper learning. And if you're here to learn how to read price action, |
| 308 | 01:00:51,510 --> 01:01:00,870 | and then turn and interpret intraday price fluctuations to be a day trader or short term trader, that can be used to be positioned entries on larger scale |
| 309 | 01:01:00,870 --> 01:01:10,170 | traits, like long term position trading, or swing trading. All of these things that I'm teaching you have a place in, which is, again, why I like to teach in |
| 310 | 01:01:10,170 --> 01:01:18,390 | these lower timeframes. Because it's dynamic. Number one, you get instant feedback. If you're wrong, you'll know if you're right, you'll know. And you'll |
| 311 | 01:01:18,390 --> 01:01:26,880 | have another new example forming, you know, just a short little while inside of a one hour time period, inside of 60 minutes, you can see as many as two or |
| 312 | 01:01:26,880 --> 01:01:40,350 | three setups. But you don't identify them, because you don't have the experience yet. But you'll get it. And once you get it, no one can take it back. I can't |
| 313 | 01:01:40,350 --> 01:01:49,020 | call it back from you. No one can steal it from you, and they won't ever be able to diminish it because they troll you, or what you're learning here or me has no |
| 314 | 01:01:49,020 --> 01:02:00,960 | benefit. Once you know it, you know it, and it can't be taken away. And you don't ever have to worry about it never. Or fearing that it's going to stop |
| 315 | 01:02:00,960 --> 01:02:12,600 | working. I can't tell you how many times over the 20 some plus years of me teaching it it doesn't isn't gonna stop working folks, okay, there's gonna be |
| 316 | 01:02:12,630 --> 01:02:20,430 | days that you lose. And there's gonna be days that I lose it. This means that that was a day that you did something wrong, you did something wrong, the |
| 317 | 01:02:20,430 --> 01:02:28,860 | methodology is not broken. The logic has not failed and flawed. It just means you as the operator me as the traitor, I did something wrong. And you have to be |
| 318 | 01:02:28,860 --> 01:02:37,500 | very responsible about what it is you're doing. And if you lose, you own it, you embrace it, you don't run from it, you don't try to fault me you don't fault the |
| 319 | 01:02:37,500 --> 01:02:44,880 | concept. You don't fault the broker, you put your stop in the wrong place, if you get stopped out, or you're on the wrong side of the marketplace. That's the |
| 320 | 01:02:44,880 --> 01:02:52,830 | only two things that you need to identify learning with me. And that's responsibility. And some of you and some of the folks that have gone through my |
| 321 | 01:02:52,980 --> 01:03:01,860 | vote, don't want to be responsible. They want to be able to claim the credit when it's working. But they want to defer the pain in say it was somebody else |
| 322 | 01:03:01,890 --> 01:03:09,960 | outside of them or something outside of them externally, that caused that to happen to them, because they feel that they're infallible. That is an infancy |
| 323 | 01:03:10,260 --> 01:03:17,160 | mindset. That's a neophyte, that's someone that is putting blinders on, they're never trying to really learn how to be a good trader, if you're thinking that |
| 324 | 01:03:17,160 --> 01:03:28,560 | way. You're looking for the sugar, but you're gonna have to taste the vinegar too. And a lot of people can't do it. They want binary black and white on or |
| 325 | 01:03:28,560 --> 01:03:40,320 | off. Profit only, never lose, never drawdown never stopped down. And that's unfortunately, I don't promise that here, you're going to lose. And you're going |
| 326 | 01:03:40,320 --> 01:03:48,450 | to learn when you lose. And there's nothing to be fearful of, because this stuff will repeat. And you'll find a favorable setup, you'll find those things that |
| 327 | 01:03:48,450 --> 01:03:55,410 | repeat over and over and over again. And you're gonna see things new this year. You know, within, like I mentioned with a new week opening gap. A lot of people |
| 328 | 01:03:55,410 --> 01:04:02,610 | are like, Oh, it's to talk to the town. Now, you guys the new flavor. And anytime I introduce something new, it's like you want to stop looking at the |
| 329 | 01:04:02,610 --> 01:04:10,440 | things that you already know. And just chase this new toy. And there's other setups that's forming with the things you already been taught. But you're not |
| 330 | 01:04:10,440 --> 01:04:21,660 | seeing them now because you're all looking at the new toy. That toy. That means that new week opening up, that's just a small cog in the great machine. That is |
| 331 | 01:04:21,750 --> 01:04:34,710 | my algorithm. It's one little piece that when it's there, it's useful. But we're away from that new week opening up. Remember that the new week opening app for |
| 332 | 01:04:34,710 --> 01:04:46,980 | this week is way above us. When I was teaching you my first introduced it two weeks ago, I said that that new week opening gap is a magnet for price action. |
| 333 | 01:04:47,550 --> 01:04:59,970 | And it will use that reference point in price for constant referral to fair value. It's a fair value range that continuously will be referred back to is |
| 334 | 01:05:00,000 --> 01:05:07,980 | long as we're in consolidation, but in instances where we move away from that new weak opening gap, and again, for those that are new and you're wondering |
| 335 | 01:05:07,980 --> 01:05:18,540 | what, when or what that is, the new week opening gap is the closing price on Friday. And then the opening price on Sunday when the markets open up, whether |
| 336 | 01:05:18,540 --> 01:05:28,230 | it be Forex, whether it be stock index, futures, whatever. It works on stocks to individually. So I have a lot of folks that are interested in stocks, they like |
| 337 | 01:05:28,230 --> 01:05:40,470 | trading the spy, they like trading the triple Q's, okay, it works there too. The signatures are algorithmic. It has nothing to do anything retail. They're very |
| 338 | 01:05:40,470 --> 01:05:49,230 | specific ranges. And they're very specific levels, the highest high of the gap, the lowest low the gap, the midpoint which is consequent coachmen, consequent |
| 339 | 01:05:49,230 --> 01:06:02,850 | encouragement is always the mid range, or middle point of an imbalance or inefficiency gap. A wick algorithms see wicks on candles, that is a gap to it. |
| 340 | 01:06:03,390 --> 01:06:12,270 | So it's going to split it in half. And that's consequent encouragement. I've taught you that as well, in the last two weeks, these factors will help you |
| 341 | 01:06:13,680 --> 01:06:23,160 | trust the market profile that you're in. Now, let's go back and refer to how opened this last session up this morning. I say that we were coming on the |
| 342 | 01:06:23,160 --> 01:06:33,600 | heels, we're on the heels rather of a holiday that was yesterday. So we had abbreviated trading session hours yesterday 930 to noon, and trading stocks. I |
| 343 | 01:06:33,600 --> 01:06:47,520 | don't like trading on holidays, because you're already demanding a lot of delivery and price inside of a small little range of time. It could do it. But I |
| 344 | 01:06:47,520 --> 01:07:02,310 | got better things to do, instead of sitting in front of a chart and try to demand a move inside of two and a half hours. Could I Yes? Should you know? Can |
| 345 | 01:07:02,310 --> 01:07:16,650 | you go back and study it? Yeah. Is it beneficial? Sure it is. But because we're opening up on the heels of a holiday, we had truncated trading hours, not the |
| 346 | 01:07:16,650 --> 01:07:33,840 | full trading session hours. It's like coming off of the Christmas break. You gotta let the market fall back in to its normalcy. Because there isn't a rush. |
| 347 | 01:07:34,050 --> 01:07:43,560 | For people, only the only retail traders, the small handed Street Money traders are rushing to get back in here, the very first minute that the market opens up |
| 348 | 01:07:43,560 --> 01:07:50,430 | after a holiday, they can't stand it. It's like they've been kept from the casino too long. And they can't wait to go in there and pull the One Armed |
| 349 | 01:07:50,460 --> 01:08:00,210 | Bandit little slot machines, because they have to have an experience. You don't want to have experiences in trading, you want to be speculating with probability |
| 350 | 01:08:00,210 --> 01:08:11,340 | in your favor. So if we didn't have the holiday factor that we mentioned this morning, and you should have in your notes, anytime we have a holiday that's |
| 351 | 01:08:11,340 --> 01:08:19,980 | going to be impactful to trading on the very next morning session. It's going to make it difficult, it's going to be fickle. Okay, the market is going to be more |
| 352 | 01:08:19,980 --> 01:08:29,220 | prone to do what create seek and destroy conditions. We didn't get it this morning, but it very well could have happened. It very well could have happened. |
| 353 | 01:08:29,880 --> 01:08:40,170 | And that would have been wonderful for you to be able to see oh, it happened. No problem. We adapted, we watched it run to the buy side. And I mentioned because |
| 354 | 01:08:40,170 --> 01:08:49,260 | it could be what Sega destroy. We have to be mindful, where's the Sell Stop it went down to it. And then NASDAQ was outperforming on the upside. We watched it |
| 355 | 01:08:49,320 --> 01:08:59,160 | at its boss our liquidity gave up the ghost and went down below it. It started to catch up with the Dow and ES. And then I took your attention into the NASDAQ. |
| 356 | 01:08:59,160 --> 01:09:06,060 | And I told you between those two consequent encroachments on those two weeks, which I'll take that to in a moment. And right now I'm serving the relatively |
| 357 | 01:09:06,060 --> 01:09:17,340 | equal lows that they're placing here on es if we didn't have the holiday setting that we opened up trading into this morning, because we're so far away from the |
| 358 | 01:09:17,340 --> 01:09:27,930 | new week opening gap. And we failed to run higher after taking that buy side here. On ES. Once we broke down like that, and we moved into this fear of a gap |
| 359 | 01:09:27,930 --> 01:09:41,970 | here, then we're in a trending model. Trending were lower. Why? Because we're so far away from the new week opening gap. It's not interested to go back up into |
| 360 | 01:09:42,300 --> 01:09:58,890 | the Friday closing price and the opening price on Sunday. It's not interested to revisit that. So there's a factor of weighing out market profiles conditions not |
| 361 | 01:09:58,890 --> 01:10:08,070 | market profile like you Some of you trade with the approach of it's not the same. And I'm not looking at market profile like you might be thinking I'm |
| 362 | 01:10:08,070 --> 01:10:17,880 | saying, like templates. Okay? A schematic, a roadmap, a way of expecting price to deliver a very generic procedure or process. |
| 363 | 01:10:19,590 --> 01:10:29,520 | If it's going to be trending, if there's going to be a condition of market, trending, not just consolidation, a choppy range bound consolidation. range |
| 364 | 01:10:29,520 --> 01:10:40,200 | bound consolidations are expected and confirmed when price continuously stays real close and returns back to frequently the new week opening gap if the market |
| 365 | 01:10:40,200 --> 01:10:52,140 | can stage or run away from that new week opening gap, and we're not on the heels of holiday setting, expect trending How do you know when it's going to be a |
| 366 | 01:10:52,140 --> 01:11:00,480 | trending model and when it's going to be consolidation I just taught you again, I taught this when I first introduced the week opening up if we're going to be |
| 367 | 01:11:00,480 --> 01:11:13,500 | in range bound consistent conditions, it's important to know what tools we refer to that way helps you it keeps you founded on sound logic and not chasing every |
| 368 | 01:11:13,500 --> 01:11:25,470 | minor little fluctuation in price action. There's rules there's processes there's things that we have to use for filtering and you thought it was to |
| 369 | 01:11:25,470 --> 01:11:34,770 | simply go in here and look for an order block or a fair value gap and you're going to be rich no no there's no five minute learn ICT trainer that's going to |
| 370 | 01:11:34,770 --> 01:11:42,510 | give you consistency they might introduce the concept in a very abbreviated fashion for clicks and views on my on their YouTube channel but they're not |
| 371 | 01:11:42,510 --> 01:11:53,070 | going to dig into what's needed for you to be successful with what I've adopted created an authored you can't short speech can't short cut this stuff is a right |
| 372 | 01:11:53,070 --> 01:11:56,520 | way of doing it what's the expansion here on the downside? |
| 373 | 01:12:43,560 --> 01:12:46,860 | Just looking at other charts on lose audio |
| 374 | 01:12:58,319 --> 01:13:06,749 | NASDAQ made its lower low and Dow has yet to do so |
| 375 | 01:13:29,850 --> 01:13:32,400 | okay you want to screenshot your ES chart |
| 376 | 01:13:41,430 --> 01:13:53,520 | 40 2950 is printed I prefer to see at least make an expansion below that because it just would favor to do that but it printed the 49 2950 level everyone that |
| 377 | 01:13:53,520 --> 01:14:08,280 | took my trade don't do that they're covering are short now that they can stuff this case working with your into 30 years and it still works. It's boring right |
| 378 | 01:14:08,280 --> 01:14:19,950 | now it feels like Christmas every day. But it's important to talk yourself down don't get all hopped up on goofballs. Lots of learning so first this year |
| 379 | 01:14:33,600 --> 01:14:42,450 | just want to see it pierce the 40 2950 level a little bit more meaningfully. Then I'll go back through everything covered this morning. Give you the takeaway |
| 380 | 01:14:42,450 --> 01:14:47,190 | so that way you can put it in your journal |
| 381 | 01:14:52,650 --> 01:15:04,020 | what happens if it runs away from the 40 2950 low then I would treat that as an afternoon of tentative because of liquidity that has not been really purged |
| 382 | 01:15:04,020 --> 01:15:15,300 | below it. And you're probably thinking, Where'd I get the 40 2950? Level? Where do I even come from? If you pull up your regular trading hours, in other words, |
| 383 | 01:15:15,300 --> 01:15:31,710 | the lower right hand corner, on your ES chart here, toggle that it'll say regular trading hours. Hit that. And then within that timeframe |
| 384 | 01:15:39,390 --> 01:15:54,210 | that's that low right here. So January 30, at that Monday, at 345, or 15, colon 45, the candle time at the bottom of the chart, as I'm showing you here. We want |
| 385 | 01:15:54,210 --> 01:15:55,320 | to see it pierce through that |
| 386 | 01:16:01,140 --> 01:16:09,960 | all these things I got to remember, right, exactly what I told you, you're gonna have to work. It's so easy once you know what you're supposed to be doing. But |
| 387 | 01:16:09,960 --> 01:16:22,770 | it's so hard being disciplined. And John, and go through the process of finding yourself in all of this. So we pierced it a little bit, but I still, I still |
| 388 | 01:16:22,770 --> 01:16:25,050 | would have expected a nice big beefy candle down. |
| 389 | 01:16:31,980 --> 01:16:46,020 | So we went from a Buy Sell liquidity pool I mentioned beforehand, here and walk you through the internals across the market, how they were indicating that we |
| 390 | 01:16:46,020 --> 01:16:56,430 | were not seeing follow through, we did not see things that we would like to see across the other markets that would support a sustained price run. I'm watching |
| 391 | 01:16:56,430 --> 01:17:06,930 | the Dow right now bounce off of its lows, let's see if it can go down make it a lower low. NASDAQ made its lower low. s&p has made its lower low. NASDAQ, I'm |
| 392 | 01:17:06,930 --> 01:17:16,050 | sorry, s&p has hit the target that we aim for. For today, it's 43 950. But I'm watching the doubt if the Dow can make a lower low, that would be a nice |
| 393 | 01:17:16,050 --> 01:17:21,330 | expansion on the downside for ES which would be really what I prefer to see. |
| 394 | 01:17:29,279 --> 01:17:39,419 | And I gave you a filter, stating that as long as we remain below 4048 or 449 specific is what I set it back here. If I dropped the line, as long as we remain |
| 395 | 01:17:39,419 --> 01:17:49,829 | below that we would see 40 2950. Why? Because there's liquidity drawn, or a draw on liquidity to that low. Why because it's a higher timeframe. reference point. |
| 396 | 01:17:50,189 --> 01:18:07,229 | And large funds have their lower their orders resting there. Let me say it this way, so it doesn't sound so abrasive. When you're looking at price and you're |
| 397 | 01:18:07,229 --> 01:18:15,239 | putting your stop loss and it goes to your stop loss, the market doesn't see your stop loss, you're not even trading in a size that even refers to as |
| 398 | 01:18:15,239 --> 01:18:34,589 | important or significant. The market is going to gyrate to these levels continuously to inspire, to instigate or to purge actual orders coming into the |
| 399 | 01:18:34,589 --> 01:18:46,559 | marketplace. In layman's terms, it goes above old highs to engage by stops those by stocks may be resting above that old high for the purpose of protecting a |
| 400 | 01:18:46,559 --> 01:18:58,739 | short position or a new entry long they may be viewing that high being broken to the upside as a means are catalysts to get them long. The same thing said in |
| 401 | 01:18:58,739 --> 01:19:09,479 | reverse below an old low there's sales thoughts below that old low that sell stop may be a mechanism or catalyst that sets the trader that uses it to get |
| 402 | 01:19:09,479 --> 01:19:19,199 | short selling short on a breakout to the downside selling weakness in other words, or that sell stuff could be a protection mechanism for a long position. |
| 403 | 01:19:19,589 --> 01:19:29,429 | We don't care we don't care. You can look at the chart and see what it's really predominantly if it's really protecting Long's or if it's a new breakout to the |
| 404 | 01:19:29,429 --> 01:19:39,539 | downside based on what the price has done. For instance, what kind of buys that will be resting above this high here protecting a short wind because the markets |
| 405 | 01:19:39,569 --> 01:19:51,869 | delivered down so it's it's not rocket science. It's simple above that old highs by side liquidity pool, but it's for what purpose protecting short positions. |
| 406 | 01:19:53,159 --> 01:20:00,449 | Now I'm not saying or being dogmatic about that's the only way it's utilized there because there still may be someone out there thinking okay, I want to be |
| 407 | 01:20:00,449 --> 01:20:07,979 | long. And if it takes out the day's high, I want to be a buyer. For instance, Larry Williams would trade something like that. I've seen many of his old stuff. |
| 408 | 01:20:08,789 --> 01:20:16,829 | And he would have something like that he would be buying strength I was I lost money doing that. He's proven he made money doing it. Every time I tried to buy |
| 409 | 01:20:16,829 --> 01:20:24,629 | strength, I did it incorrectly, because I mislabeled what I thought was a reference point to be buying strength, because I was a new trader, 20 year old, |
| 410 | 01:20:24,719 --> 01:20:33,059 | read two books, and I figured I knew everything. I didn't know anything at all, much like some of you, because you watch a few of my videos, maybe you sat in |
| 411 | 01:20:33,059 --> 01:20:40,949 | few of these live streams now. And you had these little epiphanies, these aha moments, and you feel like it's all clicked together, what you're saying is, |
| 412 | 01:20:41,129 --> 01:20:49,529 | you're giving yourself permission to go start trading live still, before you should. I know what you're doing, it's the same thing everybody does. And you |
| 413 | 01:20:49,529 --> 01:21:00,389 | don't want to pay those painful lessons and pick up scar tissue. Well, that will prevent you from learning quicker, if you don't do it. You want to learn how to |
| 414 | 01:21:00,389 --> 01:21:10,379 | do this the fastest way, do everything I'm telling you to do this year. And do it for the remainder until the second week of November, the second the second |
| 415 | 01:21:10,379 --> 01:21:23,519 | Friday of November. That's our last live stream. And at that moment, you have gone through a ICT mentorship. And all the experience that you have at that |
| 416 | 01:21:23,519 --> 01:21:34,079 | moment. Now, you can start going forward with everything you wanted to do. But until you get to that point, you're not ready. I don't care what educator |
| 417 | 01:21:34,079 --> 01:21:43,709 | whether competitor, YouTuber, if they're trading live, if they're not trading live, I don't care. They don't know what they're talking about. Okay, they have |
| 418 | 01:21:43,709 --> 01:21:53,339 | no idea what I'm talking about. This is my concept. This is my concept, this is my approach to trading, you cannot learn it on the fast track can't. There's so |
| 419 | 01:21:53,339 --> 01:22:02,789 | many variables. And each one of those variables open up the opportunity for you to find your own personal approach to using it, which is how it's done |
| 420 | 01:22:02,789 --> 01:22:12,719 | correctly. Instead of me saying here, here's model 2022. In my opinion, I felt that that was the most universal approach to trading with my content with my |
| 421 | 01:22:12,719 --> 01:22:24,809 | concept with my approach. But some still can't find your way in it. Okay, you'll find your way, if you stay with us each day, show up every day, you're going to |
| 422 | 01:22:24,809 --> 01:22:32,039 | miss your favorite channels shows, okay, DVR um, you'll watch them when you get done in November, spend the rest of the holiday season catching up to your old |
| 423 | 01:22:32,039 --> 01:22:41,939 | stuff. But you have to put your face in front of these charts and listen to me as I'm explaining every single individual candle and walking you through the |
| 424 | 01:22:41,939 --> 01:22:51,809 | logic why the market shouldn't be doing this and why it shouldn't do that. Where should it be going to. That's the thing that you need. It's not the entry, it's |
| 425 | 01:22:51,809 --> 01:23:03,719 | not the order block, it's not the fair value gap that doesn't feel that you're you're sweating all that stuff. When it's the least important thing. I promise |
| 426 | 01:23:03,719 --> 01:23:13,109 | you, every YouTuber out there had no idea that 40 2950 was where we're going today. And it's not a knock against any of them. And I like a lot of them. They |
| 427 | 01:23:13,109 --> 01:23:19,289 | don't know, that's all it's just they don't know. But they're learning if they watch this stuff, they're they're learning just like you are. And that's what |
| 428 | 01:23:19,289 --> 01:23:26,219 | I'm here for. I'm not here to compete against anybody. I'm not trying to belittle anybody. But if you want to know how these markets book, you're at the |
| 429 | 01:23:26,219 --> 01:23:36,659 | right place, you're here and the person is going to tell you how to do it. I'm going to walk it with you every day. In by watching Real Time price action like |
| 430 | 01:23:36,659 --> 01:23:45,509 | this, you're going to see your setup, your eyes gonna jump to it, it's going to make perfect sense. Even if I don't like that particular PV array or that |
| 431 | 01:23:45,509 --> 01:23:53,819 | specific element. I may not even talk about that one at that time. But you see it and you trust it because you hear me saying what? It's going to go down to |
| 432 | 01:23:53,819 --> 01:24:02,729 | 40 2950. It should stay bearish. And as long as it stays below 4049. Well, then you start looking at consequent encroachment of fair value gaps. You're looking |
| 433 | 01:24:02,729 --> 01:24:09,509 | for bearish order blocks, you're looking for optimal trade entries, institutional order flow entry rules, everything or anything that you're |
| 434 | 01:24:09,509 --> 01:24:20,339 | trusting. But because you're listening to me, in the three decades experience of me sharing that with you, you know, I'm not out here just throwing a dice and |
| 435 | 01:24:20,339 --> 01:24:31,259 | hoping when I fling mud against the wall, something sticks. I'm telling you where to go, where it's going to gravitate towards and what it shouldn't do. The |
| 436 | 01:24:31,259 --> 01:24:40,259 | new viewer looks at this and thinks What's the benefit of all this? You're too new. You can't you can't appreciate it. But the folks that have gone through my |
| 437 | 01:24:40,259 --> 01:24:47,999 | content, and they know what a breaker is they know what a fair value gap is. They know what an institution or for entry drills. They know a fair value gap |
| 438 | 01:24:47,999 --> 01:24:55,949 | consequent curtailment. They know the wick consequent encroachment. They know all these things. They just don't know when to use them because they don't know |
| 439 | 01:24:55,949 --> 01:25:03,779 | how to determine bias. They don't have to determine the direction If they could just know where the market is gonna go next, then he could easily go in here and |
| 440 | 01:25:03,779 --> 01:25:11,549 | pick the thing that they'd like to trade. But because they don't want to do what I'm forcing you all to do with me live, which is observed price action with no |
| 441 | 01:25:11,549 --> 01:25:19,109 | monetary reward or risk of loss, they don't want to submit to that. Because their fear is, if they waste their time doing all this, and they still can't do |
| 442 | 01:25:19,109 --> 01:25:28,019 | it, what a waste. When I say the fact that you don't want to do this, what a waste. You're cheating yourself, or the real learning experience is being made |
| 443 | 01:25:28,019 --> 01:25:40,949 | available to you for free. For free, all you have to do is show up every day. And you'll learn bias, you'll learn market profiles, the real market profile, |
| 444 | 01:25:41,909 --> 01:25:51,419 | how to determine the market schematics real time before it starts to deliver. And you don't have to be emotional about it, you don't have to be scared. I'm |
| 445 | 01:25:51,419 --> 01:26:01,679 | more animated now. Because I'm trying to convince you to just keep showing up, you'll see more evidence, you'll see proof. Nothing's contrived, here. Nothing's |
| 446 | 01:26:01,679 --> 01:26:13,349 | conjecture. It's science. It's all coded. But you have to wait for these things to start unraveling, before you can determine with a great deal probability that |
| 447 | 01:26:13,349 --> 01:26:24,479 | it's going to do specific things. And that impatience factor that you're feeling right now. It's insatiable, because you're in a hurry to make money. And that's |
| 448 | 01:26:24,479 --> 01:26:38,099 | understandable, that's understandable. But you have to squash that you have to really work hard to not do that. Because there is no limit to what you can earn. |
| 449 | 01:26:39,689 --> 01:26:54,449 | There is a limit on how much you can lose everything you got. And you're in a hurry to push that. Try to over leverage that whatever that amount is, whatever |
| 450 | 01:26:54,449 --> 01:27:02,789 | the amount of the funded account, you're gonna try to acquire whatever the amount of money you're gonna open up your account with, and trade prematurely |
| 451 | 01:27:03,689 --> 01:27:04,529 | through ignorance. |
| 452 | 01:27:06,510 --> 01:27:13,410 | And it will be debilitating emotionally. And psychologically, if you do that, you won't want to come back to these live sessions, because you're going to be |
| 453 | 01:27:13,410 --> 01:27:21,840 | toxic, you're going to be thinking about everything I say. And you're gonna be critical about it, because you want to find something so you can feel justified |
| 454 | 01:27:21,840 --> 01:27:27,060 | that it was me not you to cause you to lose your money when it was me all this time selling adult trade with real money, and you're going to learn how to |
| 455 | 01:27:27,060 --> 01:27:35,880 | trade, you'll be able to read these candlesticks, before they print. But you can't do it, when you're worrying about the outcome of your trade following what |
| 456 | 01:27:35,880 --> 01:27:44,160 | I'm talking about in these live streams, if they're going to be profitable or not. And if you made money this morning, based on what I said, You did not learn |
| 457 | 01:27:44,310 --> 01:27:59,280 | anything. You have done the worst this service to yourself by doing that. Because you are taking this experience in weighing in the term of I made money. |
| 458 | 01:28:00,690 --> 01:28:08,670 | This is how much dirt on her head. I feel good, I feel confident. And you think that that's the empowerment that you need. When I'm telling you it's not. That |
| 459 | 01:28:08,670 --> 01:28:24,300 | is not the way to do this. You have to be indifferent, completely detached from the outcome. Being monetarily rewarding, or painfully by way of a loss. That's |
| 460 | 01:28:24,300 --> 01:28:31,890 | the only way you can ferret out the thing that you're looking for. Because it won't be inspired by money. The candlesticks are going to repeat, they're going |
| 461 | 01:28:31,890 --> 01:28:38,190 | to keep doing the same thing I'm telling you, they're going to do, okay, that's going to happen all year long, it's going to do the same thing. But you're not |
| 462 | 01:28:38,190 --> 01:28:47,940 | going to appreciate or get the benefit of knowing the best approach for you as the trader using this content. Because breakers are not going to be for |
| 463 | 01:28:47,940 --> 01:29:04,560 | everybody. A fair value gap is not going to be for everybody. I'm I'm a realist. I know that. But I'm trying to be a voice of reason. So you can do this the |
| 464 | 01:29:04,560 --> 01:29:15,600 | right way and not waste your time. It's not wasting time study. It's never never a waste of time. The surgeons that did surgery on you or your loved ones. You |
| 465 | 01:29:15,600 --> 01:29:22,320 | think they just watched a video, a five minute training on brain surgery and they're going to remove your loved ones brain tumor and you're gonna trust that |
| 466 | 01:29:23,670 --> 01:29:34,740 | they deserve their annual salary. Because they watched the five minute trainer come on, man. Come on. At some time. Some some point you're gonna have to say |
| 467 | 01:29:34,740 --> 01:29:48,480 | you know what? This really does require a little bit more knowledge, patience, and I have to be highly organized. I can't be in here just rolling the dice. And |
| 468 | 01:29:48,480 --> 01:29:58,080 | I tweeted the other day, I said many of you that rush out to try to trade with real money. This is the part where most people drop off the videos. They don't |
| 469 | 01:29:58,080 --> 01:30:05,850 | want to listen to stuff but that's the reason why they were making These are the things you're gonna be thinking about or the equivalent that is pertinent to |
| 470 | 01:30:05,850 --> 01:30:14,010 | your personal life. But if you are in a rush to trade your life money accounts, or you're funded accounts, and you're impulsively and you're just trying to push |
| 471 | 01:30:14,010 --> 01:30:22,830 | a button, because you think you might see something here, you wanted to go five handles, you wanted to go 20 handles, but you know what? Subconsciously, you're |
| 472 | 01:30:22,830 --> 01:30:29,070 | thinking, if I could just get 200 bucks out of this trade, and it's going to collapse it right there. But what happens is you get into it, it might move in |
| 473 | 01:30:29,070 --> 01:30:38,160 | your favor a little bit. And instead of getting out that little stupid trade, target your head, which makes no sense for having thinking anyway, it moves just |
| 474 | 01:30:38,160 --> 01:30:47,130 | a little bit more, and then you fall in love with it. And then reverses and takes you out, or you don't have a stoploss. And you just rip against you. And |
| 475 | 01:30:47,130 --> 01:30:53,670 | then you feel regret, because you then remember that there was no reason for you to push the button to get in that trade. But you needed something to distract |
| 476 | 01:30:53,670 --> 01:31:07,230 | you from the painful existence that you have right now, living a mundane life. I was like that too. Nobody ever becomes consistently profitable, independently |
| 477 | 01:31:07,230 --> 01:31:17,340 | wealthy, and living off their trading by doing that kind of stuff that never ever, ever leads to consistency, it never does. The only thing consistent is you |
| 478 | 01:31:17,340 --> 01:31:28,500 | lose consistently. And you regret instead of sitting back, observing, doing these laboratory experiments each day, understanding that the outcome will be |
| 479 | 01:31:28,500 --> 01:31:41,190 | that you will know what you're looking for in price. 40 2950, you were told that earlier in the session, and he delivered it, devise a liquidity pool, we watched |
| 480 | 01:31:41,190 --> 01:31:50,340 | that I mentioned that we would likely draw up here, even if it was the go where go back and watch the beginning string go lower. It's beneficial for it to go up |
| 481 | 01:31:50,340 --> 01:32:03,210 | despite liquidity. Why is BizStats would be accumulated as shorts by smart money. And they would do what, let it ride. It's not they're selling. It's not |
| 482 | 01:32:03,210 --> 01:32:11,100 | short sellers, pressuring the market to go down to that level that nobody else has been talking about 4020 5040 to 2950 is where the algorithm is gonna refer |
| 483 | 01:32:11,100 --> 01:32:18,480 | back to. And it doesn't matter how many contracts are being sold short, or how many are being bought long. It's going to print and book that price. And you |
| 484 | 01:32:18,480 --> 01:32:27,870 | watched it happen today. There was no trend lines required no moving averages, nothing harmonic. It was simply algorithmic principles and theory in play over |
| 485 | 01:32:27,870 --> 01:32:39,360 | real time, price action. I walked through the filtering process, using the other market instruments to justify or negate an idea. Things that we were looking |
| 486 | 01:32:39,360 --> 01:32:54,330 | for, if they fail, the contrary is what's true. And you ferret out your trading by doing that. The skeptic in the audience, and I had them. They'll come in, |
| 487 | 01:32:54,330 --> 01:33:01,500 | they'll listen to this. And they'll go through and they'll cherry pick things where we were watching something making an observation about something. And I'll |
| 488 | 01:33:01,500 --> 01:33:10,260 | say look at it, sir. Here. He said this was going to happen. And it didn't happen. Right? That's information that gives you a point of measurement. Is this |
| 489 | 01:33:10,260 --> 01:33:20,160 | move sustainable? Because if this doesn't fulfill, or if it does fulfill, for instance, the 4049 level, I said as long as we're below that 40 2050 is being |
| 490 | 01:33:20,160 --> 01:33:32,160 | booked? Well, that's obvious. That's obvious. Go back and watch the live stream. I walked everything right here. And over time, when the markets are more |
| 491 | 01:33:33,840 --> 01:33:44,790 | cleaner, not on the heels of holiday, not every day is going to be holiday, right? So tomorrow when we trade a new phrase that tomorrow when we take free |
| 492 | 01:33:44,790 --> 01:33:55,890 | live we'll probably have more favorable. That's what I want to see. I want to see a little bit of expansion here. The fact that we have the Dow off of its |
| 493 | 01:33:55,890 --> 01:33:57,360 | lows, let me show you real quick |
| 494 | 01:34:06,569 --> 01:34:14,309 | see how we're off the lows on the Dow. That's Bailey Park in case you heard that. And then you have the NASDAQ |
| 495 | 01:34:19,680 --> 01:34:39,360 | real close to its lows and an ES made that lower low. So and Dow I'm sorry, the dollar index has really slipped went lower. So let's look at that now also. And |
| 496 | 01:34:39,360 --> 01:34:50,460 | I'll show you what that means to me. Okay, and look at the dollar index. We were using the 15 minute as a reference point, so we didn't get that higher high and |
| 497 | 01:34:50,460 --> 01:35:04,020 | it failed. So now think about what this is indicating. If the dollar is not rallying, okay, it's dropping lower why? All, Euro is going higher, pound is |
| 498 | 01:35:04,020 --> 01:35:16,920 | going higher. So we have what potentially risk on because of dollars going lower, that means we want to start seeing the low, be respected in the indices, |
| 499 | 01:35:17,850 --> 01:35:28,140 | we want to look for a shift in market structure that will be bullish while this condition is in play. If we take out the high here that changes that. So this is |
| 500 | 01:35:28,140 --> 01:35:36,120 | how I frame what I'm looking to do in the afternoon. How do you know how to do what it is you're looking for? How do you what procedures do you have? What |
| 501 | 01:35:36,120 --> 01:35:43,680 | routine Do you have what I'm walking you through, I'm looking at the relationships to other markets through the scope and lens of risk on and risk |
| 502 | 01:35:43,680 --> 01:35:53,760 | off. Since we've had dollar failed to make that higher high, which is where I was taking your attention, it slipped lower. But also notice while it's doing |
| 503 | 01:35:53,760 --> 01:35:55,290 | that, what's also occurring |
| 504 | 01:36:01,229 --> 01:36:13,259 | Yes, it was going lower. But it went down to a higher timeframe pool liquidity down here. So if the dollar was to continuously drop, and stay soft, go lower, |
| 505 | 01:36:13,619 --> 01:36:21,179 | remain heavy. In other words, heavy means it's likely to be more likely to continue going lower. We're watching and observing. And you should be watching |
| 506 | 01:36:21,179 --> 01:36:33,509 | that throughout today with the dollar index in its simplest DX y. If that occurs, and that's the case, we're constantly monitoring the averages of the ES |
| 507 | 01:36:33,539 --> 01:36:43,679 | the NASDAQ and the Dow. If at any time intraday, there's a shift in market structure that's bullish, that might be a catalyst for this to have a deeper |
| 508 | 01:36:43,679 --> 01:37:00,929 | retracement intraday. But if the dollar index remains consolidated inside of its low, formed, just put the chart up Charlie's charts where you can see him I |
| 509 | 01:37:00,929 --> 01:37:12,029 | don't know. So please be forgiving to me, because I'm learning as I do this. But if you can see the dollar index chart, this low right here, right here where my |
| 510 | 01:37:12,029 --> 01:37:25,469 | cursor is, should be, as long as we are inside that low in the lower here. If we're just bouncing around in here, the NASDAQ and the s&p and Dow could still |
| 511 | 01:37:26,099 --> 01:37:35,549 | go lower, because this is this being held in consolidation. But if we break below these lows here, and get really animated to the downside and dollar, it's |
| 512 | 01:37:35,549 --> 01:37:46,529 | going to be an interesting afternoon session for trading long for me. That's what I would like to see. But I had to wait it out and see what we get at the |
| 513 | 01:37:46,529 --> 01:37:56,759 | time. And I wouldn't be considering anything until 130. That's usually when I sit down, take a look at the charts between 130 and 230. You know, some some |
| 514 | 01:37:56,759 --> 01:38:05,129 | time in between those two price points and time windows, I usually have a pretty good idea of what I'm looking at, to engage. Not all the time, but usually by |
| 515 | 01:38:05,129 --> 01:38:14,849 | then. So because I spent the entirety of this morning, and I thought this morning was pretty fruitful on Twitter, I will share a tweet with a liquidity |
| 516 | 01:38:15,209 --> 01:38:25,679 | that I think is useful going into the last hour of trading. So that way you can at least your paper traded demo traded tape, read it, all the things that you'd |
| 517 | 01:38:25,679 --> 01:38:34,529 | like to do, you can use that information there and and get whatever information you get from it. Don't live trading, please. Because I don't like it. And even |
| 518 | 01:38:34,529 --> 01:38:40,199 | when you make money, please don't tweet to me because I'm not gonna, I'm not going to high five years and you're just giving me anxiety. I've asked you not |
| 519 | 01:38:40,199 --> 01:38:47,339 | to do that. And I don't want to be talking about what I think the mark is going to do. Knowing that there's people out there copying, I know they're doing it, |
| 520 | 01:38:47,579 --> 01:38:55,019 | but just don't tell me about it. Because it's excuse me things to worry about. It's kind of like you're my child, and I gave you the keys to your first car. |
| 521 | 01:38:56,009 --> 01:39:09,599 | And I'm panicking, I don't want to see or hear that, Hey, Dad, you come pick me up, I just hit a tree. And I don't want to know that. Real quick if you're here, |
| 522 | 01:39:10,499 --> 01:39:20,969 | and you are of the mindset that this has beneficial to you. And you're gradually understanding more about price action, and how you're learning how to control |
| 523 | 01:39:20,969 --> 01:39:29,699 | yourself. And the impulsiveness that comes over people when they're sitting in front of the charts. If it's beneficial to you, if you like this is a great |
| 524 | 01:39:29,699 --> 01:39:40,199 | encouragement to me. If you give the video a thumbs up, I don't get anything extra for it. I have not seen any additional increase of any ad revenue for the |
| 525 | 01:39:40,199 --> 01:39:48,809 | fact of there's more thumbs up I just people say that it has an effect on how much more money you make or what it has made and make no more money that has |
| 526 | 01:39:48,809 --> 01:40:00,179 | done nothing. But it's a reference point that I look at because if I'm hitting the right places in your understanding, I'll know that because of your You're |
| 527 | 01:40:00,179 --> 01:40:09,359 | liking the video that thumbs up tells me, obviously I can't see the thumbs down. Nobody really can see that. But I know there's 12 of you out there that are |
| 528 | 01:40:09,359 --> 01:40:14,759 | doing it. Even if I made a million dollars with running it live, and you could copy me, you'd still thumbs down the video. |
| 529 | 01:40:19,979 --> 01:40:29,039 | I know there's some of you that appreciate this. But I'm hoping over time throughout the course of this year, that thumbs up will become much more |
| 530 | 01:40:29,369 --> 01:40:39,179 | prominent, because more of you will have gained the understanding that you don't really appreciate yet. But by watching price action, every day reading it, |
| 531 | 01:40:39,539 --> 01:40:46,169 | you'll know what it is that you're looking for. That you don't know you don't know it. Now you don't know what you're looking for. You don't know what your |
| 532 | 01:40:46,169 --> 01:40:58,829 | setups going to be. You don't have to adapt, you might go into the marketplace looking for a particular scenario. And then the price delivers in a way where it |
| 533 | 01:40:58,829 --> 01:41:07,049 | completely negates that whole idea. What are you going to do as a trader at that time? Are you going to lose your mind and say, That's it? I can't trade anymore |
| 534 | 01:41:07,049 --> 01:41:16,169 | stuff doesn't work? Are you gonna say oh, let me reevaluate and see what's going on. Okay, now I can clearly see what I was expecting initially, that is not in |
| 535 | 01:41:16,169 --> 01:41:26,489 | alignment with what the markets doing right now. So I have to adapt or sit on your hands and have no regret or impatience by doing it, that's majority 90% of |
| 536 | 01:41:26,489 --> 01:41:37,079 | you don't have that yet. You don't have that yet. And it's not a knock against you. I didn't have it either. It had to be forged over losing real money. And |
| 537 | 01:41:37,079 --> 01:41:46,649 | then learning that, hey, I have to slow down and let myself learn give myself permission, and time to learn. But |
| 538 | 01:41:51,989 --> 01:42:03,689 | it's all going to be a different experience for all of you. So now we have a nice move below that 40 2950 level that's, in my opinion, much more meaningful, |
| 539 | 01:42:04,169 --> 01:42:13,769 | the liquidity that will be resting below that on the fond level, as I was mentioning earlier, the market doesn't see your one contract, and think I gotta |
| 540 | 01:42:13,769 --> 01:42:23,309 | go down there and get that one contract guy. Or I gotta go those two micro lots. Because there's a there's a guy down, there's a gal down there, there's a bunch |
| 541 | 01:42:23,309 --> 01:42:32,249 | of people in on a Twitter guy space that he thinks is levels interesting. So we got to go down and get all 35 of those contracts collectively. That's not how it |
| 542 | 01:42:32,249 --> 01:42:46,469 | works. The algorithm has absolutely no sense at the Bretton Woods was he said, the market has no way of knowing how many orders rest above or below. And you |
| 543 | 01:42:46,469 --> 01:42:56,279 | think when you watch the depth of market, and you're reading the DOM, you think those orders are all real. There's a lot of spoofing that goes on there. You |
| 544 | 01:42:56,279 --> 01:43:07,889 | don't know what that is. Nobody knows. Because the orders are coming in and out all the time. They're being placed in and pulled in place and then pulled. The |
| 545 | 01:43:07,889 --> 01:43:16,619 | algorithm doesn't need to know how many there is. It just refers back to those reference points. And it's going to deliver price up there. And it's up to the |
| 546 | 01:43:16,619 --> 01:43:36,719 | traders to use the available liquidity at that moment. And then at that time, at that price. They the collective smart money. They may not efficiently engage it |
| 547 | 01:43:37,499 --> 01:43:45,329 | throughout, you know, they're not looking at the market at the time. They're slow, they're human, they may go to the restroom, they may not be able to |
| 548 | 01:43:45,329 --> 01:43:53,489 | capitalize and use that liquidity as Counterparty, the markets still going to go where it's going to go after that. It has nothing to do with buying and selling |
| 549 | 01:43:53,489 --> 01:44:06,719 | pressure. It's just like Pac Man, Pac Man can only go as far as that maze will allow it and it's gonna go and collect the dots. And the whole time, you're |
| 550 | 01:44:06,719 --> 01:44:17,219 | going around trying to collect that dot, you have the ghosts, which is intraday volatility, the retracements that you don't expect around the corner. They're |
| 551 | 01:44:17,219 --> 01:44:25,079 | gonna get you're gonna get you. Sometimes you might get lucky and you get a power dot where it runs up there. You get invincible for a little while. I mean, |
| 552 | 01:44:25,079 --> 01:44:33,359 | just running in your favor. But that doesn't last forever. You start blinking this like the Pac Man will. And that's your warning sign. When you get that girl |
| 553 | 01:44:33,359 --> 01:44:41,969 | up. You beat in your chest. You can't do anything wrong. You're gonna make so much more money. You're gonna be at the top of the FTM o board. You're gonna be |
| 554 | 01:44:41,969 --> 01:44:52,139 | at this. You're going to be the highest social equity curve across all the Twitter and Instagram. You're gonna be the leader of the pack. When that feeling |
| 555 | 01:44:52,229 --> 01:45:00,839 | of invincibility comes over you you're really technically blinking as a traitor. Like Pac Man. You're about to lose your invincibility. And invariably, that's |
| 556 | 01:45:00,839 --> 01:45:13,469 | usually when the ghosts are on all around all around you, and you're crushed. So you have to be mindful that while these markets are scripted, and nobody likes |
| 557 | 01:45:13,469 --> 01:45:22,829 | to admit that, and the worst thing can happen is someone in the financial industry, it's done work in this field. They're usually the ones that are very |
| 558 | 01:45:22,829 --> 01:45:29,939 | critical of me very politely though. But they're very critical. There's like going, the guy seems nice, he got some good patterns, but he really, he really |
| 559 | 01:45:29,939 --> 01:45:38,579 | doesn't know what the markets really doing, or what's really going on. That's bullshit. The fact that I'm able to tell you what is going to happen beforehand, |
| 560 | 01:45:38,939 --> 01:45:47,669 | and understand what this algorithm is going to do. That negates everything that you've been indoctrinated with. See, when you go to these institutions, he |
| 561 | 01:45:47,669 --> 01:45:57,719 | sperms and they train you, they groom you or you read the books that everybody regurgitates. They're always telling you, the markets are random. These markets |
| 562 | 01:45:57,749 --> 01:46:10,319 | are all based on supply and demand, and buying and selling pressure. And they're not think for a second folks think if that's really, really what's going on? Why |
| 563 | 01:46:10,319 --> 01:46:19,529 | aren't we getting market crashes more frequently, that absolutely decimate the financial instruments? It doesn't happen. It doesn't happen. They put in the |
| 564 | 01:46:19,529 --> 01:46:32,309 | circuit breakers, that makes you feel like what? Oh, yeah, they're they're staving off the buying and selling pressure. No, they're giving you a false |
| 565 | 01:46:32,309 --> 01:46:42,989 | sense of security, making you believe that the markets work on that. That's not what this is, these markets are going to book to these levels, because that's |
| 566 | 01:46:42,989 --> 01:46:55,199 | where it's coded. That's it, that's all it's doing. If you don't participate in the move, it doesn't matter, it's still gonna go where it's gonna go. It doesn't |
| 567 | 01:46:55,199 --> 01:47:06,449 | need a lot of volume, a lot of buying and selling to rebook it to a level that I'm teaching you these, these price points are going to be delivered because the |
| 568 | 01:47:06,449 --> 01:47:16,529 | algorithm has been coded so that way, the liquidity that would be resting there is unknown to the algorithm, how many contracts are there? How many buyers are |
| 569 | 01:47:16,529 --> 01:47:29,129 | above an old high, how many sellers are below an old low, it has no way of knowing that. It doesn't have that. The ability to see that. But it need not |
| 570 | 01:47:29,129 --> 01:47:47,429 | know it. It just needs to reprice up there or below it. And the traders that know and understand liquidity. The counterparties that exist at that moment in |
| 571 | 01:47:47,429 --> 01:47:57,479 | time. As soon as price goes above that high. Those buy stocks are triggered and they become what market orders to buy it to market. You only have so much time |
| 572 | 01:47:57,839 --> 01:48:08,699 | before it read prices away from it higher or lower. So as soon as it goes above the old high, there's BizStats become market orders and floods the market with |
| 573 | 01:48:08,699 --> 01:48:22,979 | willing buyers to buy at a higher price. Well, that's advantageous now, isn't it? Because if the composite man says, I know that this is most likely to rebook |
| 574 | 01:48:22,979 --> 01:48:35,759 | lower, for this sell side, I really want to be in front of my charts. When price gets to that level there and I'm what my orders in. So they're putting their |
| 575 | 01:48:35,759 --> 01:48:45,299 | sell limit orders up there in that pool of liquidity of buy stops. Or they're engaged, engaging it live. As it's going up there and runs above that old high. |
| 576 | 01:48:45,599 --> 01:48:58,649 | Those buy stocks become a flood of market participants willing to buy at a higher price done. big surge of liquidity, Valhalla, a whole bunch of stuff |
| 577 | 01:48:58,649 --> 01:49:13,259 | comes in the marketplace willing buyers. And if you can get your order in and pair up as a Counterparty as a short to that buy stock. Just like the composite |
| 578 | 01:49:13,259 --> 01:49:27,029 | man does. That he sits back and he waits for new opportunities to engage it as it works towards that lower level discount that 40 2950 level and the liquidity |
| 579 | 01:49:27,029 --> 01:49:43,289 | resting below it. They don't freak out every time it rallies up. They don't think Oh no. That harmonic sharp back pattern. Got my ass again. They're not |
| 580 | 01:49:43,289 --> 01:49:56,759 | thinking about any of that stuff. It's mythology in trading. There's no wave counts to consider. There's no diagonal trend lines that worry about having |
| 581 | 01:49:56,789 --> 01:50:13,859 | correctly annotated on your chart. It's The mission took what time? Time, you have to give it time? What time is it right now? It's 11 o'clock. It's London |
| 582 | 01:50:13,859 --> 01:50:28,529 | close in forex. So that means what? The composite men that work in that time zone are getting ready to close up shop. Then it's just the New York boys. So we |
| 583 | 01:50:28,529 --> 01:50:39,179 | do what we do range bound consolidation retracements in the lunch hour, no, the market doesn't take a lunch, but the algorithm has been coded to allow for that. |
| 584 | 01:50:40,919 --> 01:50:50,039 | That lunch hour can create a consolidation that results in a continuation after lunch. Or it can just go consolidation. And just That's it. We booked the |
| 585 | 01:50:50,039 --> 01:51:03,209 | entirety of the day. Or it can go into retracement after consolidation. Remember where we are right now and how far away? We are from that new week opening gap |
| 586 | 01:51:03,209 --> 01:51:16,949 | from Sunday's opening from Friday's closing price. How's the market delivered? To the sell side we were looking for? Was it a clean price run? Nope. It's a lot |
| 587 | 01:51:16,949 --> 01:51:29,399 | of give and take back and forth back and forth back and forth. So this is what this is a high resistance liquidity run. Even though it traded where we thought |
| 588 | 01:51:29,399 --> 01:51:41,459 | it would go. Even though it went to the sell side liquidity pool and discount level 40 2950. It's done. So with a lot of lot more retracements back and forth. |
| 589 | 01:51:42,059 --> 01:51:52,409 | Every retracement. And some of you don't recognize it. And you just think well, this is normal. It's normal, in certain respects. Yes. |
| 590 | 01:51:54,420 --> 01:52:06,600 | But what we're looking to do is trade these one way rails to boom takes off. It doesn't want to waste any time you're in there. And it rockets away runs right |
| 591 | 01:52:06,600 --> 01:52:15,030 | to where you're wanting to go. And there's people out there, they're gonna say that you can't time the market to do that. That's bullshit. That is great a bull |
| 592 | 01:52:15,060 --> 01:52:28,170 | shit. They can't do it. They've never met people like me, they've never been trained. But when you see it, and you taste it, oh, something different. There's |
| 593 | 01:52:28,170 --> 01:52:41,910 | something different about all this. It's empowering. It's encouraging. It removes the ambiguity of nonsense things, it's going to distract you and take |
| 594 | 01:52:41,910 --> 01:52:49,830 | your mind away from time. You have to submit the time if you're going to be trading the morning session. And you think it's going to go to an objective |
| 595 | 01:52:49,890 --> 01:52:57,900 | liquidity or something to the effect of discount if we've watched the buy side be taken and we mentioned how now because it's done that in the markets after |
| 596 | 01:52:57,900 --> 01:53:05,280 | the holidays, it could become what a seeking destroy scenario. So means our attention was taken to where sellside we watched the other markets confirm that |
| 597 | 01:53:05,280 --> 01:53:20,670 | eventual breakdown. But you just can't to simply Oh, it moved a lot. What if it retraces it will it will retrace. It will retrace more than you want to see it |
| 598 | 01:53:20,670 --> 01:53:31,500 | do it. Because it's high resistance, not resistance like it won't go higher in price, high resistance, meaning that it will go lower, but it's going to be met |
| 599 | 01:53:31,500 --> 01:53:43,800 | with deeper retracements higher each time. And then all through here. This completely upsets everyone that maybe thinks that they want to be short. But |
| 600 | 01:53:43,800 --> 01:53:52,530 | they'll get they'll get knocked out there. And when that occurs when this moment right here happens that buys a liquidy pool that we outlined. This is where I'm |
| 601 | 01:53:52,530 --> 01:54:03,180 | thinking I want to see the market drop here. Even if the market goes lower. That's advantageous. Why because the composite man. I said this folks, it's in |
| 602 | 01:54:03,180 --> 01:54:13,710 | the recording. You'll hear it when you play this video back. The composite man will accumulate short positions here with those buy stocks and ride it down to |
| 603 | 01:54:13,890 --> 01:54:30,450 | 40 2950. Now the takeaway from this this is how you benefit from these things. Okay. It feels good to see it deliver. It feels good to see it. rebook and |
| 604 | 01:54:30,450 --> 01:54:40,890 | repriced the levels we're anticipating. That's wonderful. That's exactly what we want to see. But you as a trader, when you look at this, your task is to |
| 605 | 01:54:40,890 --> 01:54:53,490 | determine inside of these price runs. After the fact you want to relax. You want to look at your price charts and think to yourself okay, looking at this right |
| 606 | 01:54:53,490 --> 01:55:04,410 | now, if you screenshot it right at this moment, perfect, just do that. I'll give you a moment to do it. Those that are watching Live. That chart is what you're |
| 607 | 01:55:04,410 --> 01:55:14,220 | going to annotate tonight. printed out, oh, but it's gonna be a lot of ink, I don't care. This one specifically, I want you to print it out in all the empty |
| 608 | 01:55:14,220 --> 01:55:25,320 | spaces over here to the right over here to the left and up in here, you want to fill that in with your observations from today, at the moments that you heard me |
| 609 | 01:55:25,320 --> 01:55:37,830 | talk about certain things. And you want to do that by watching the video again. But that's another hour and a half or so. So. So what you don't want to invest |
| 610 | 01:55:37,830 --> 01:55:46,050 | an hour and a half more, to understand how to do this, when I no longer I'm going to do it with you. But you'll go out and work 40 hours making next to |
| 611 | 01:55:46,050 --> 01:55:53,610 | nothing. And let someone else tell you when you could take a vacation and prostitute your time for whatever they're willing to pay you, you're willing to |
| 612 | 01:55:53,610 --> 01:55:59,490 | do that. But you are not willing to do the work that's required here, which is what I'm telling you is going to require for you to be able to do this |
| 613 | 01:55:59,490 --> 01:56:12,510 | independently without me. Seeing a professional hand holding session, you want to take advantage of it. Look at this delivery today. Observe what you see, in |
| 614 | 01:56:12,510 --> 01:56:25,080 | hindsight. Go through the chart, annotate what you see, then go back and listen to it again. And pause when you hear me refer to things. And if I talk about |
| 615 | 01:56:25,110 --> 01:56:35,220 | another chart or another market for a certain timeframe, go back and look at those instances as well at that time, and then annotate what you see in that |
| 616 | 01:56:35,220 --> 01:56:44,100 | chart in this chart here. The dollar index was failing to make the higher high right here. What does that mean? Look at this chart, what pattern exists at that |
| 617 | 01:56:44,100 --> 01:57:02,010 | time? What thing that i What PD array, what instrument of engaging price as an entry, which one is at that moment occurring. And when you're done, the ones |
| 618 | 01:57:02,010 --> 01:57:14,340 | that make the most sense to you. Consider that going forward. The one that makes the most sense to you, that you can see easily, it doesn't feel like it's a |
| 619 | 01:57:14,340 --> 01:57:29,280 | stretch to trust it. It's there for all of you. In this market delivery today. It's there. But for me, as an educator trying to press all of you into a mold, |
| 620 | 01:57:29,280 --> 01:57:39,450 | it's only this way. Sometimes my dialogue makes it sound like this is the only way you can make money. No, I never said that. But this is the only way you're |
| 621 | 01:57:39,450 --> 01:57:49,020 | gonna be as precise as you can ever be. Consistently and No. and No, the next best thing to absolutely knowing the future. And it's going to absolutely |
| 622 | 01:57:49,020 --> 01:58:02,760 | deliver perfectly every time. There's nothing closer to this. You're not going to get any closer than this. Unless you know you you're not going to rub elbows |
| 623 | 01:58:02,760 --> 01:58:17,040 | with people that no one like that more than you're doing right now. And it will repeat every day. It'll happen. And over time, your observance of the specific |
| 624 | 01:58:17,040 --> 01:58:25,080 | things that you feel strongly about observing and price that you keep looking the thing you keep looking for when you go into the charts, what is it right |
| 625 | 01:58:25,080 --> 01:58:35,820 | now. It might not be the same thing come November. And you need to be flexible with yourself. I'm being flexible as your educator. I'm allowing you to bring |
| 626 | 01:58:35,820 --> 01:58:48,660 | your own personality to this. What instrument you trade with ultimately, it may not be yes, it may be a currency. It may be a stock. It may be a bond. It might |
| 627 | 01:58:48,660 --> 01:58:59,550 | even be a crypto. I'm not co signing it up. But I have traders that are trained and are doing well with it. But while we're together, it matters not what |
| 628 | 01:58:59,550 --> 01:59:07,860 | instrument we're going to use the same that we've everybody knows the same measurement, the same high and the low. Everybody has the same chart. And we're |
| 629 | 01:59:07,860 --> 01:59:17,250 | all focusing on the same thing. That's how you learn properly. And it also allows me to focus and keep my wits about myself because I get easily distracted |
| 630 | 01:59:17,250 --> 01:59:36,570 | and chase cars. So anyway, I believe today was fruitful. I believe that we walked through a very important element to trading expecting difficult sessions. |
| 631 | 01:59:37,440 --> 01:59:44,460 | And let me let me give you a contrast. Because I know some of you're probably thinking What does he mean still, I don't understand that high resistance. |
| 632 | 01:59:44,850 --> 01:59:51,570 | Because this looks like it was an easy run. It wasn't an easy run because if it was easy, you'd be short. You'd have your entry points and you would have known |
| 633 | 01:59:51,570 --> 02:00:04,110 | beforehand and there was what makes it high resistance is the fact that we had so many after to buy some liquidity taken here, your chart should have this |
| 634 | 02:00:04,920 --> 02:00:19,560 | level here. In this level here, those are two, buy and sell envelopes in price. The algorithm goes higher up here to do what allow all to buy stocks that are |
| 635 | 02:00:19,560 --> 02:00:31,230 | resting above these highs here to become market orders to buy at the market, which is what exactly I'm training you to look for. These are the easiest points |
| 636 | 02:00:31,230 --> 02:00:43,590 | of reference. If you're bearish. You want to go short in that, it feels scary. I know. If you're long, you want to be selling to those buy stops. Right when it |
| 637 | 02:00:43,590 --> 02:00:53,940 | trades into it, which is how I teach my 2020 model. You're engaging price to deliver and throw out your sell orders to willing buyers at a higher price. |
| 638 | 02:00:55,710 --> 02:01:05,730 | You're tossing like horseshoes or play the game horseshoes. You're tossing your orders to exit in this area, the pole that you're throwing that horseshoe at is |
| 639 | 02:01:05,730 --> 02:01:15,630 | here. So when it dries up into that, whether it's a limit order that's waiting to be filled, or if you're going to market it. That's a manual exit. Either way, |
| 640 | 02:01:15,630 --> 02:01:22,320 | the mechanism is still the same. You're trying to get close to that old high back here. There's nothing wrong with getting out of it a little bit before I do |
| 641 | 02:01:22,320 --> 02:01:31,530 | a lot of times I do a lot of times do just that very thing. Because I have been doing this long enough to know that because I'm so |
| 642 | 02:01:33,479 --> 02:01:43,799 | obsessive about being perfect. The way I combat that, because sometimes when you watch this a week ago, where my limit order was the actual high tick, it never |
| 643 | 02:01:43,799 --> 02:01:52,169 | allowed for the bigness difference to fill it. And it came back and rolled into one contract that had remaining left and stopped me out, which was fine. It's no |
| 644 | 02:01:52,169 --> 02:02:01,379 | big deal. It wasn't a loss. It still was a profitable endeavor. But it still communicates what you have to balance your expectations in terms of precision, |
| 645 | 02:02:01,949 --> 02:02:10,529 | and be practical with it too. So is it wrong for you to want to close a long position before it hits this area here? No, it's definitely nothing wrong with |
| 646 | 02:02:10,529 --> 02:02:19,769 | it. If it's above your entry point, and you're long, and you're exiting, whether it be a partial or your whole profit, who's going to tell you did it wrong, you |
| 647 | 02:02:19,769 --> 02:02:33,329 | made money. You have more than you had before you started someone's gonna tell you did it wrong. No. Wrong would be letting go to a stop where it was a loss. |
| 648 | 02:02:35,219 --> 02:02:45,839 | That's That's how it's wrong. Wrong is not paying a partial because they win every time. Every time they win. Real quick, the dollar index is still inside |
| 649 | 02:02:45,839 --> 02:02:50,939 | its range, it's pulling back up into midpoint of its consolidation range, draw a chart real quick. |
| 650 | 02:02:55,949 --> 02:03:10,469 | Small little gap in here. If we can stage a rally above these highs here and continue, we could really be on. And we could be in for a big, big down day in |
| 651 | 02:03:10,529 --> 02:03:23,189 | equities. That's not to say it's what's going to happen. But if we get above here, that can really set the stage for a pretty important sell off. Large range |
| 652 | 02:03:23,189 --> 02:03:32,609 | day down is what I'm referring to. Not on dollar but ES and NASDAQ can stick out and cue real quick and then I want to close this one. |
| 653 | 02:03:39,420 --> 02:03:56,880 | Alright, so earlier today, I mentioned how the NASDAQ had yet to make its lower low in concert with the s&p. And with that of the Dow, I took your attention in |
| 654 | 02:03:56,880 --> 02:04:06,360 | here to these two weeks, and it was happening pretty quickly. So I know that you probably didn't appreciate or could appreciate what I was trying to draw your |
| 655 | 02:04:06,360 --> 02:04:18,360 | attention to. If you ever have this is your notes. And again, you you'll see these things form and your back testing and you also see them form going forward |
| 656 | 02:04:18,360 --> 02:04:27,510 | as well. If you ever see a big down candle like this, what makes it big look at the candles before relatively speaking, this is larger compared to this one |
| 657 | 02:04:27,510 --> 02:04:38,190 | here, right? And all these over here. So there's a lot of what displacement to the downside. Is there a fair value gap in this? Not on this one minute chart? |
| 658 | 02:04:38,190 --> 02:04:49,020 | It isn't No it's not. But look closer. Real time I tried to take your attention to it and I know I know it's in the recording when you play it back. I told you |
| 659 | 02:04:49,020 --> 02:04:58,230 | to take a look at this wick here and measure it. eyeball it. Find the consequent curtailment of that wick and then the consequence of this wick. I'm gonna show |
| 660 | 02:04:58,230 --> 02:04:59,970 | you what the algorithms referring to here. |
| 661 | 02:05:05,009 --> 02:05:20,069 | between the consequent encroachment of this wick at 12 to 64, even, and the consequent encroachment of this wick here, which is 12 to 48.25. That right |
| 662 | 02:05:20,069 --> 02:05:33,719 | there is equivalent to what? A fair how you go? Oh my goodness, oh my goodness, we're getting to the good stuff. Not yet. It's getting better as we go. So this |
| 663 | 02:05:33,719 --> 02:05:40,379 | price point here, right? Time, I know this thing likes to jump right to |
| 664 | 02:05:47,580 --> 02:05:57,750 | it away from it, we'll get close to it that way. Okay, and then this one has to be on 250 to five. |
| 665 | 02:06:05,220 --> 02:06:19,830 | So right there is equivalent to a fair Vega. Now you don't see it. You don't see that in charts. And when I talk about things that are not in the chart, this is |
| 666 | 02:06:19,830 --> 02:06:34,380 | one of those things that signature is referring to what can the wicks do color outside the line. That's where the damage is done. Outside of this implied fair |
| 667 | 02:06:34,380 --> 02:06:42,600 | value gap, because that's what this is making sure it's in your notes label as such, we don't have a separation because if you look at extend this over, as you |
| 668 | 02:06:42,600 --> 02:06:53,760 | can see, there is no distinction between this candles low and this candles high and only having this candles range noted, like a typical fair value get would |
| 669 | 02:06:53,760 --> 02:07:08,070 | show both of these wicks overlap each other and offer no gap on this one down close candle. But because we have too long wicks this here, on this candle, and |
| 670 | 02:07:08,070 --> 02:07:19,110 | then we have a long wick or tail on this candle here. You split that in half on both of them. And you use both constant encouragement. Now imagine, imagine me |
| 671 | 02:07:19,110 --> 02:07:28,200 | trying to teach this tonight? Okay, so you didn't watch me refer to it live data never mentioned that never drew your attention to it a lot. And I opened the |
| 672 | 02:07:28,200 --> 02:07:36,390 | comments section up, I guarantee you I put $10,000 on I probably had 50 People say this is cherry picked. This is all conjecture, nobody would have been you |
| 673 | 02:07:36,390 --> 02:07:41,880 | couldn't have said that was going to happen because you never saw it in a book. Nobody's ever talked about it. But I took your attention to it live as it was |
| 674 | 02:07:41,880 --> 02:07:51,990 | happening. Now with the benefit of knowing what it is you're supposed to see in it look real close. What do you see? Isn't this just like a fear that you get? |
| 675 | 02:07:52,530 --> 02:07:59,100 | You might get a little bit of a mohawk above it. Okay, because you want seamless price delivery? Where does it really go to the order block? What's the opening? |
| 676 | 02:07:59,100 --> 02:08:16,860 | Oh, 912 to 68 and a half? What's the high on that candle? 12 268 and three quarters one tick into it. This order block? Then the bodies are what? Where are |
| 677 | 02:08:16,860 --> 02:08:24,330 | the bodies forming? You want to know what I'm looking at when I'm reading price when I'm looking at fair value gaps, institutional order flow, entry drills and |
| 678 | 02:08:24,330 --> 02:08:38,280 | things. The benefit of knowing where the body stop. Ready? midpoint is here, that the bodies even reach and touch the consequent encroachment of this implied |
| 679 | 02:08:38,280 --> 02:08:48,120 | for Vega. No. So it's doing what the bodies are telling you the story. The wicks are that the damage, okay? It's always going to go outside the lines. But the |
| 680 | 02:08:48,120 --> 02:08:58,020 | bodies of these candles are telling you and indicating that it can't even close or open on a new candle at the midpoint, which is consequent encouragement of a |
| 681 | 02:08:58,020 --> 02:09:07,800 | imbalance. Even though this doesn't look like it's an imbalance, I'm teaching you what the algorithm is seeing at that moment. What levels is it gonna refer |
| 682 | 02:09:07,800 --> 02:09:19,350 | to the midpoint? But if it's saying no, I'm not going to rebook there. The composite man sees that as a signature to say okay, we are decidedly weak. Now |
| 683 | 02:09:19,380 --> 02:09:28,620 | aim for sellside because even though the wicks went up their retail sees this stuff. While it was a bold face candle bullish. They're going to trust it's |
| 684 | 02:09:28,620 --> 02:09:36,600 | gonna go higher. Go back and listen to the recording at this time right here. I said this is where you want to see NASA come up here watch these two wicks, |
| 685 | 02:09:36,960 --> 02:09:46,470 | built. The consequent Crotona both is which watch that because it's going to want to do what catch up with the lower load it was formed in ES and lower low |
| 686 | 02:09:46,470 --> 02:09:56,640 | and down. So your setup would be weird, even though we're not trading in queue. I said this is how you would use this and study this one. And it didn't it did |
| 687 | 02:09:56,640 --> 02:10:04,620 | exactly what we said we're going to see lower prices but to the fact that the bodies were unable to book at consequent curtailment, which is the midpoint of |
| 688 | 02:10:04,620 --> 02:10:13,830 | that range. That was the signature that you're not seeing in books, Elliott has no idea that Gan has no idea Wycoff had never heard of it. Supply and demand, |
| 689 | 02:10:14,130 --> 02:10:24,270 | know nothing, none of that stuff. The fact that it failed to get to that level, when it's likely to go for sell side below this low here make a lower low when |
| 690 | 02:10:24,270 --> 02:10:37,080 | everything else in the market was indicating it should do it anyway. Your eye goes right there like I'm teaching like mine does. It should have what it should |
| 691 | 02:10:37,080 --> 02:10:48,270 | have went up higher. And if it did, then I would have to wait for another subsequent fer Vega to indicate what I'm showing you here. The fact that it |
| 692 | 02:10:48,270 --> 02:10:59,760 | can't reach up to a level that it should reach which is midpoint. It's showing you It's exceedingly weak. Even though the wicks did this, I am not tripped up |
| 693 | 02:10:59,760 --> 02:11:10,410 | by the wicks. You're going to hear that all year long. The wicks are going to distract you. They write books about those things. This is a doji. Look at this |
| 694 | 02:11:10,410 --> 02:11:22,770 | here, look at this length of this doji versus this let it's all conjecture. The markets are not booking on the length of these wicks consequent curtailment or |
| 695 | 02:11:22,770 --> 02:11:38,970 | one quarter of that wick, it is the equivalent of this not reaching the midpoint and indicating to us as traders that it's decidedly weak is indicated in the |
| 696 | 02:11:38,970 --> 02:11:41,670 | same way we looked at what the debt the dollar index. |
| 697 | 02:11:50,939 --> 02:11:58,289 | Think of that level as the midpoint of the implied fair value got that was showing you a NASDAQ. Conceptually just think of it as the same thing like this |
| 698 | 02:11:58,289 --> 02:12:10,379 | is this is what it would be. And it went up real close to it, didn't it? But then it stopped. Well, the fact that it couldn't get there is what failure. So |
| 699 | 02:12:10,379 --> 02:12:20,699 | if it's going to fail to run this was it likely to go the other direction. But if you already have an inclination that it's going to go the other direction |
| 700 | 02:12:20,699 --> 02:12:30,149 | anyway, which is what I was telling you real time, Shane, look, NASDAQ is gonna form it next, because it's right now it's the leader, but it will fall sick. |
| 701 | 02:12:30,359 --> 02:12:42,119 | It'll become ill, and fall to the same plague that caused the NASDAQ to rally against where Dow and NASDAQ yes went lower, made a lower low on a day had |
| 702 | 02:12:42,119 --> 02:12:51,239 | already made lower lows. NASDAQ hadn't done it yet. So it's going to be playing keep up with the Joneses. He's going to hurry up and run dry to try to catch up |
| 703 | 02:12:51,239 --> 02:13:04,139 | and bring back symmetry to the marketplace, when at the time. NASDAQ was not showing market symmetry. So much like this here, is failing to get to a Buy Sell |
| 704 | 02:13:04,139 --> 02:13:12,509 | liquidity pool, where did it really fail at? Where's the bodies? Look at the closing this candle. And where's the open on that candle? Where's it occurring? |
| 705 | 02:13:23,040 --> 02:13:37,620 | Consequent approachment what it does not do in price is many times much more important than what you see it do in price. The things that are not in the chart |
| 706 | 02:13:38,670 --> 02:13:48,240 | that's not drawn to your attention with books and courses and nonsense. That's the stuff that's going to creep in. And you're going to fall victim to it. And |
| 707 | 02:13:48,240 --> 02:13:57,240 | I'm teaching you how to see it, anticipate it. And when it forms, it gives you greater insight about where the price is going to be delivered later on. You're |
| 708 | 02:13:57,240 --> 02:14:07,020 | predicting the future with things that you can't find in books that should get you jacked up. You should be all vibrating right now. Because this is stuff you |
| 709 | 02:14:07,020 --> 02:14:18,480 | ain't supposed to know. You ain't supposed to know this. And it happened happens every day. And now you know, it looks like you can go back to your charts and |
| 710 | 02:14:18,480 --> 02:14:33,960 | your jaw is gonna drop. It's been there all this time. And no one's ever told you it's fun. It's fun, isn't it? So anyway, let's take real quick look of Dow |
| 711 | 02:14:35,940 --> 02:14:44,880 | You guys created a monster with me now. I didn't want to do these live streams. Now. I don't want to stop them to stop on ICT. We don't want to seize that. So |
| 712 | 02:14:44,880 --> 02:14:53,580 | here's the Dow. So again, much like I was mentioning earlier, it's a high resistance liquidity run. Yes, it will go to our objectives. Yes, it'll get down |
| 713 | 02:14:53,580 --> 02:15:03,300 | there lower. But look at the retracements that come back. When you have a high resistance, liquidity run Write this in your notes, high resistance liquidity |
| 714 | 02:15:03,300 --> 02:15:17,310 | runs will see and have more likelihood of short term stops being rated. And that in itself is how you would trade a high resistance liquidity run. What do I mean |
| 715 | 02:15:17,310 --> 02:15:30,450 | by that? Above this return Hi, what's above it by stops, it runs it then price does what reprice is lower. Okay. Short term high here, move away from it comes |
| 716 | 02:15:30,450 --> 02:15:38,880 | back up into an imbalance, bear shorter block trades goes lower. This run here was it really dealing. Not only is it taking into account this imbalance here |
| 717 | 02:15:39,090 --> 02:15:47,880 | and repricing and rebooking to offer fair value to the market that wasn't offered efficiently here in this one drop down. It's returning back to this |
| 718 | 02:15:47,880 --> 02:15:57,540 | order block. And all the sell side that was not efficiently delivering what by side, the markets going to do what offer it on the upside at one time, this |
| 719 | 02:15:57,540 --> 02:16:07,710 | candle was boldface green bullish to the point of coming into this area here. But not only was it doing that it was doing something additionally, right there. |
| 720 | 02:16:08,850 --> 02:16:17,310 | Right above that short term, high, trailed stop losses on the one short, because they're afraid. They don't know what you were told today, they didn't know about |
| 721 | 02:16:17,310 --> 02:16:25,470 | that 40 2950 level and s&p, they didn't know how to read the other markets and trust that it was going to gravitate towards these sell side liquidity pools. |
| 722 | 02:16:26,370 --> 02:16:35,880 | But they're afraid that they're going to lose, and they jammed our stop loss up right behind where the markets trading recently. And you cannot do that. When |
| 723 | 02:16:35,880 --> 02:16:49,230 | you see my examples. I'm not doing that. I'm partially out to teach you how to compensate for the fear of not doing that. You're trying to avoid losing. That's |
| 724 | 02:16:49,230 --> 02:16:56,910 | what you're trying to do when you first start trading. But you have to welcome losing before you learn how to trade. Because that's where the real learning, |
| 725 | 02:16:57,000 --> 02:17:06,210 | you're going to see where you're going to make the mistakes. If you do this the right way, you will see where your problem areas are. You're impatient, you're |
| 726 | 02:17:06,210 --> 02:17:21,030 | impulsive, you're a gambler, you chase, you're too slow to act if you're lethargic. In other words, don't hide from that. This is what you want to you |
| 727 | 02:17:21,030 --> 02:17:30,300 | want to learn what your weaknesses are right now, while we're doing this, because you'll be able to provide coping mechanisms that will help you gravitate |
| 728 | 02:17:30,330 --> 02:17:39,120 | away from doing those things and replace those bad habits with positive ones. But in a high resistance, liquidity rent signature, you see a lot of this coming |
| 729 | 02:17:39,120 --> 02:17:48,240 | back for short term stops. And then it still keeps going lower. But every time when you're a neophyte, and you don't know what you're doing and what to expect |
| 730 | 02:17:48,240 --> 02:17:55,980 | in price action. Every time it runs above these short term highs, it's going to feel like what to you as a student to me? Oh, it's a shift in market structure |
| 731 | 02:17:55,980 --> 02:18:04,440 | books. No date? No, it's not. And that's why all these Yahoo's out there that have been writing books on Amazon with my stuff that don't know how to do it. |
| 732 | 02:18:05,370 --> 02:18:12,420 | They're leading people down the primrose lane and you think that you are seeing something that you aren't. And then you're discovering when you get out there |
| 733 | 02:18:12,420 --> 02:18:22,650 | and trying to use that abbreviated five minute trainer version of what I'm teaching you. It doesn't work. But if I didn't mean it when I'm out here, it's |
| 734 | 02:18:22,650 --> 02:18:30,600 | working for me. And now I'm going to teach you the correct way of doing it. I'm going to teach you by the numbers this year, you will know exactly what you're |
| 735 | 02:18:30,600 --> 02:18:42,060 | supposed to be doing and what not to be focusing on. That's proper mentorship, over live candlesticks, no safety net. So I think that's going to be it for this |
| 736 | 02:18:42,060 --> 02:19:02,190 | one. I think we've covered a great deal of subject matter for one day. And I believe it's time for brunch. I need a meal inside of me now. So if you had fun |
| 737 | 02:19:02,190 --> 02:19:11,190 | if you've learned something today, if you enjoyed it, give me a thumbs up. It's like rocket fuel for me. And if you didn't you tell me what you wanted to see |
| 738 | 02:19:11,190 --> 02:19:16,890 | rather on Twitter. Give me some feedback there as well. And until I'll talk to you next time. Be safe. |