Skip to Content

ICT YT - 2023-03-21 - Live Tape Reading - Conquering Your Fear Of Entries.srt

Last modified by Drunk Monkey on 2025-11-05 12:26

Outline

02:33 - FOMC and Market Expectations

- ICT discusses the upcoming FOMC meeting, which is expected to slow down trading as traders wait for the Fed's actions.
- ICT emphasizes the importance of not trying to forecast the Fed's actions, as it leads to self-deception.
- The market is in a relaxed state, waiting for the opening range to complete, typically between 9:30 and 10:00.
- ICT aims for a low threshold objective of five handles in the ES, rather than larger polls.

06:42 - Teaching Approach and Market Psychology

- ICT explains his teaching approach, focusing on low-threshold objectives to avoid the pressure of getting rich quickly.
- He shares his personal experience of fear and anxiety when starting to trade, which he aims to help his students overcome.
- ICT emphasizes the importance of using a demo account for practice before trading with real funds.
- He discusses the fear of new traders, including his son, who is embarking on a funded account challenge.

28:32 - Fair Value Gap and Market Entry

- ICT introduces the concept of a fair value gap as a visually easy thing to find in a price chart.
- He explains the importance of identifying buy-side and sell-side liquidity levels.
- ICT limits his perspective to a five-minute chart to mimic the view of a trader with limited experience.
- He discusses the significance of the opening range gap and the potential for trading back into that range.

53:56 - Overcoming Fear and Anxiety

- ICT shares his personal experience of fear and anxiety when he first started trading in the 1990s.
- He emphasizes the importance of not overthinking and removing leverage to reduce fear.
- ICT advises new traders to start with one contract and gradually increase as they gain experience.
- He discusses the importance of not blocking out mistakes and learning from them.

54:11 - Market Analysis and Entry Drills

- ICT analyzes the market conditions, focusing on the dollar index and its impact on other markets.
- He explains the concept of a bearish breaker and its significance in market analysis.
- ICT discusses the importance of waiting for the right entry point and not rushing into trades.
- He emphasizes the need for discipline and patience in trading.

55:54 - Live Trade Example and Explanation

- ICT provides a live trade example, explaining his thought process and entry criteria.
- He discusses the importance of using a fair value gap and incorporating other market conditions.
- ICT explains the significance of the breaker and how it influences market behavior.
- He emphasizes the importance of journaling trades and learning from both successful and unsuccessful entries.

57:33 - Market Conditions and Trading Strategies

- ICT discusses the mixed market conditions ahead of FOMC and the need for nimbleness in trading.
- He explains the importance of lowering expectations and being prepared for market volatility.
- ICT emphasizes the need for consistent practice in various market conditions to build trading skills.
- He discusses the importance of understanding market structure and using it to inform trading decisions.

57:45 - Smart Money and Market Efficiency

- ICT explains the concept of smart money and how they engage price in the market.
- He discusses the importance of understanding market inefficiencies and where orders would be resting.
- ICT emphasizes the need for traders to focus on price action and not get distracted by market noise.
- He explains the significance of using tools like the 2022 model to guide trading decisions.

01:12:31 - Final Thoughts and Market Insights

- ICT reflects on the importance of consistency and precision in trading.
- He emphasizes the need for traders to have a target and measure their progress.
- ICT discusses the importance of understanding market logic and not relying on random patterns.
- He concludes by encouraging traders to practice and learn from their experiences to build long-term success.

Transcript

1 00:02:33 --> 00:02:38 ICT: Good morning folks, good morning guys. Give me a heads up on Twitter, if
2 00:02:39 --> 00:02:43 the all like the audio and volume is okay, and if you could
3 00:02:46 --> 00:02:47 see the ES chart.
4 00:02:59 --> 00:03:09 Thank you, Leon. The volume good, not that I can do anything better than I'm
5 00:03:09 --> 00:03:15 doing now. My microphones volume is all the way up. I'm literally within kissing
6 00:03:15 --> 00:03:24 distance. So that's where we're at with this. Okay, I'm Bear with me one second.
7 00:03:24 --> 00:03:25 Okay.
8 00:03:36 --> 00:03:43 All right, so today, we embark on a topic that many of you have been
9 00:03:44 --> 00:03:51 chomping at the bit to get to, which is pushing the button. So obviously,
10 00:03:51 --> 00:03:57 tomorrow we have FOMC. So that creates the likelihood of a rather slow trading
11 00:03:57 --> 00:04:02 session. A lot of folks just waiting to see what the Fed will be doing tomorrow.
12 00:04:02 --> 00:04:07 Everyone's making their bets as to what to expect, what not to expect. I don't
13 00:04:07 --> 00:04:11 know. Okay, so I'm not I don't ever try to go in to the market and try to
14 00:04:11 --> 00:04:19 forecast the actions of the Fed. So I think anyone that tries to do that is
15 00:04:19 --> 00:04:28 just fooling themselves, or at least attempting to fool themselves. So while
16 00:04:28 --> 00:04:32 we're waiting for the morning sessions opening range to complete, which is
17 00:04:32 --> 00:04:40 typically 930 to 10 o'clock, we keep a relaxed view on the marketplace. I'm not
18 00:04:40 --> 00:04:43 trying to go in with any kind of hard line bias, yet. I want to let want to
19 00:04:43 --> 00:04:49 let the market itself tell me what to look for, and all we're looking for this
20 00:04:49 --> 00:04:54 morning is a small little opportunity to get what I teach as a low threshold
21 00:04:54 --> 00:05:00 objective, which is five handles in the ES. So while obviously. Later in the
22 00:05:00 --> 00:05:05 year, you'll see me do larger polls where we're doing 2030, 4050, handle
23 00:05:05 --> 00:05:10 runs. There will be days for that. Today's not one of them. So I kind of
24 00:05:10 --> 00:05:15 like want to beat on the drum of how I teach all of my students to start with,
25 00:05:15 --> 00:05:20 which is a really low hanging fruit objective. I believe that anyone that
26 00:05:20 --> 00:05:25 goes into this with that mindset, in terms of studying like that, not trying
27 00:05:25 --> 00:05:29 to get rich overnight, not trying to get rich and at all really, just trying to
28 00:05:29 --> 00:05:34 carve out an opportunity that repeats over and over again, that you like, that
29 00:05:34 --> 00:05:39 you can find comfort and seem being patient looking for it, allowing the
30 00:05:39 --> 00:05:46 market to present as many advantageous signatures in our favor that would
31 00:05:46 --> 00:05:52 warrant a price move that is, at least by definition the way I define it, high
32 00:05:52 --> 00:05:58 probability. So I'm willing to submit to a longer time than I normally am this
33 00:05:58 --> 00:06:04 morning. Usually I do about an hour or so, and then I cut bait or whatever. I'm
34 00:06:04 --> 00:06:09 going to try to stay with you this morning until we get an opportunity that
35 00:06:09 --> 00:06:13 fits my criteria. So I'll kind of give you the nuts and bolts as to why I
36 00:06:13 --> 00:06:20 believe it should do what I expect it to do. I want to preface it by saying, and
37 00:06:20 --> 00:06:24 most of you already know this. It's been with me for a long time. This is not a
38 00:06:24 --> 00:06:30 signal service, okay, let me remind you what the disclaimer here as I talk
39 00:06:40 --> 00:06:46 that disclaimer will be popping up a few times during this presentation today. It
40 00:06:46 --> 00:06:52 is not an invitation for you to copy. It is not an invitation for you to try to
41 00:06:52 --> 00:06:57 fix your draw down. It's not an invitation for you to get your last
42 00:06:57 --> 00:07:01 little piece of your funded account challenge passed. Okay, I'm going to
43 00:07:01 --> 00:07:07 give you certain exercises today, and I'm also going to tell you where I
44 00:07:07 --> 00:07:14 believe it's going to go. I'm going to inspire you to use your demo. Okay, I
45 00:07:14 --> 00:07:19 don't. I don't want you to use your Live account. If you're trading with anything
46 00:07:19 --> 00:07:23 I say today, you're absolutely doing it wrong, and you're going to regret it.
47 00:07:24 --> 00:07:31 Okay, so what we're doing is I'm teaching my son, who is embarking on a
48 00:07:31 --> 00:07:35 funded account challenge, and I won't name the company here, because I don't
49 00:07:35 --> 00:07:39 want to represent anybody, and I'm not suggesting that they're good or bad. I'm
50 00:07:39 --> 00:07:44 just saying that he's making an attempt to do. So that's where he wants to go
51 00:07:44 --> 00:07:48 with it. He doesn't want me to give him money to do it, which is great. But his
52 00:07:48 --> 00:07:53 concern, as a new student of the markets, and he is absolutely green, he
53 00:07:53 --> 00:08:00 doesn't know how to do much of anything. So his concern is He's fearful of
54 00:08:00 --> 00:08:05 getting in and that was one of the initial things I had in the 90s. When I
55 00:08:05 --> 00:08:10 first started trading commodities, I was fearful. I didn't know really what I was
56 00:08:10 --> 00:08:17 looking for. And it was manifesting itself in my anxiety about when and what
57 00:08:17 --> 00:08:20 market I should be trading. What time frame should I be trading, if you're new
58 00:08:20 --> 00:08:27 to all of this market stuff and or even ICT content, it can be a little bit
59 00:08:27 --> 00:08:30 bewildering, you know, like, what time frame should I use? What market should I
60 00:08:30 --> 00:08:36 trade? You know, what setup, what's the what's the thing I'm looking for? And
61 00:08:36 --> 00:08:42 the reason why I teach the way I do is I present lots of different approaches to
62 00:08:42 --> 00:08:47 skinning that cap, but it allows you to bring in your own personality. Now
63 00:08:47 --> 00:08:54 today, unfortunately, I'm going to try to force one particular approach to
64 00:08:55 --> 00:08:59 getting in, and I'm going to try to utilize a fair value gap, which is
65 00:09:00 --> 00:09:10 predominantly the most visually easy thing to find in a price chart. Much
66 00:09:10 --> 00:09:14 like looking at equal lows that we target for sell side liquidity, that's
67 00:09:14 --> 00:09:19 where we think that the market's likely to draw to much like we expect equal
68 00:09:19 --> 00:09:24 highs to be a draw for buy side liquidity. Those types of things are
69 00:09:24 --> 00:09:29 pretty generic. They're they're not hiding from you. In fact, it's next to
70 00:09:29 --> 00:09:38 impossible to not see them, meaning all we're looking for is a clear indication
71 00:09:38 --> 00:09:48 that the market's likely to reach into some level of buy side or sell side, and
72 00:09:48 --> 00:09:53 I'm submitting to not looking at anything this morning, because I want to
73 00:09:53 --> 00:09:59 kind of like present the opportunity in the closest manner to someone that.
74 00:10:00 --> 00:10:05 Doesn't know what I'm teaching, so I'm limiting my perspective to just this
75 00:10:05 --> 00:10:10 five minute chart. Now, you don't want to be doing this. Obviously, the market
76 00:10:10 --> 00:10:13 just opened up, by the way. You don't want to do this if you're trying to
77 00:10:13 --> 00:10:18 trade with real funds. But try trying to pantomime as close as I can to someone
78 00:10:18 --> 00:10:22 that would have a limited perspective, which is someone that doesn't look at
79 00:10:22 --> 00:10:26 higher Time Frame charts, someone that doesn't look at much of anything except
80 00:10:26 --> 00:10:30 for the chart they're looking at at the time and usually it's a one minute chart
81 00:10:30 --> 00:10:33 or five minute chart, because me and other people on the internet have
82 00:10:33 --> 00:10:38 showcased opportunities that we're presenting on those time frames. So
83 00:10:38 --> 00:10:42 therefore the audience members will gravitate to those time frames, thinking
84 00:10:42 --> 00:10:45 that that's the only way to do it when it's not, it's just, it's a good
85 00:10:45 --> 00:10:49 teaching medium for me because it gives lots of opportunity, plus it gives no
86 00:10:49 --> 00:10:57 room for any delay, like it's right there on the on the fly. And this five
87 00:10:57 --> 00:11:03 minute chart may not be the time frame I'm going to use on I pulled that up to
88 00:11:03 --> 00:11:10 show the Monday closing regular session price, which is that 3984 so just
89 00:11:10 --> 00:11:15 sticking to this time frame here, we're opening up with a premium, premium, in
90 00:11:15 --> 00:11:19 the sense that we are opening up with a gap from yesterday's close. So we've
91 00:11:19 --> 00:11:26 worked higher overnight. And if you go to your regular trading hours tab, you
92 00:11:26 --> 00:11:32 click on that, there's the gap we're looking at here. Okay, so it's a very
93 00:11:32 --> 00:11:36 significant gap. Whenever it's like that, I like to see a little bit of a
94 00:11:36 --> 00:11:41 move to the upside, to draw in the public, make them want to chase it, and
95 00:11:41 --> 00:11:45 then typically, what it'll generally do, not all the time, but generally it'll
96 00:11:45 --> 00:11:47 want to move back down inside of that range. And what range Am I really,
97 00:11:47 --> 00:11:55 really speaking about? Let's outline that now. So using the regular session
98 00:11:55 --> 00:12:06 close price here, up to the opening price I'm this morning. So that gap,
99 00:12:07 --> 00:12:16 which is significant going into this morning, I want you to focus on the
100 00:12:16 --> 00:12:21 potential for just trading back into that range that's shaded here. We're not
101 00:12:21 --> 00:12:25 trying to make the case that it's going to trade all the way back down to 3984
102 00:12:26 --> 00:12:31 50. That's not an argument. I'm trying to pose to you. What I'm suggesting is,
103 00:12:31 --> 00:12:37 can we see a five handle price run from wherever we trade up to? And I'm not
104 00:12:37 --> 00:12:42 trying to pick the top I'm going to let the market indicate that it's stopped,
105 00:12:42 --> 00:12:47 at least for the short term, going higher. I'm not trying to go long. I'm
106 00:12:47 --> 00:12:53 going to try to look for something that gets into that range here. So I'm giving
107 00:12:53 --> 00:12:58 you a directional bias that I'm looking to operate in doesn't mean that it can't
108 00:12:58 --> 00:13:02 go higher. Doesn't mean it can't go down to the previous session, closing price.
109 00:13:03 --> 00:13:08 We're not trying to forecast that. Remember, the argument here is, how does
110 00:13:09 --> 00:13:15 one conquer fear of getting in? How do you conquer that? And you probably had
111 00:13:15 --> 00:13:20 anxiety, especially if you got lucky enough to get a funded account where
112 00:13:20 --> 00:13:24 you've passed the challenge, and now they give you the funded account, and
113 00:13:24 --> 00:13:29 then suddenly you're met with this new anxiety, this new let me go back to the
114 00:13:29 --> 00:13:35 electronic session. Now. Just be mindful that this shaded area here, that's our
115 00:13:36 --> 00:13:41 opening range gap, so where we closed yesterday or previous day to where we
116 00:13:41 --> 00:13:45 open. That's what's being highlighted there. Okay, so when I drop down into
117 00:13:45 --> 00:13:49 the electronic trading hours, that shaded area is what we're representing
118 00:13:49 --> 00:14:00 there. Okay, so when I first started in 1992 I was admittedly in a rush to get
119 00:14:00 --> 00:14:05 the account opened up. But then, once the account was was opened, I was frozen
120 00:14:05 --> 00:14:10 with fear, and everything I was looking at on the chart seemed like it was
121 00:14:10 --> 00:14:14 Greek, whereas I thought before I knew what I was looking for, when I really
122 00:14:14 --> 00:14:22 didn't, but I was fearful and paranoid about doing anything, because I was
123 00:14:22 --> 00:14:27 afraid of that first trade being what wrong. I was afraid of taking the loss.
124 00:14:27 --> 00:14:32 I was afraid of doing it incorrectly, and no one knew what I was doing. They
125 00:14:32 --> 00:14:36 didn't know I had money in the account. They didn't know me as a trader. I
126 00:14:36 --> 00:14:39 wasn't online. I wasn't inner circle trader, yet, I was the guy that just
127 00:14:39 --> 00:14:45 opened up a trading account with Fox investments paying $100 per round, turn
128 00:14:46 --> 00:14:52 per contract. Yes, it was robbery, but that's what we were told. That was the
129 00:14:52 --> 00:14:55 normal back then. So a discount broker was like Lynn wall dock, where you paid
130 00:14:55 --> 00:15:04 30 some dollars per contract. So I was fearful my. Much, much in the vein that
131 00:15:04 --> 00:15:08 most of you would have doing it wrong. But I was also afraid of because I only
132 00:15:08 --> 00:15:13 had $2,500 in the account, which was extremely under capitalized, like I
133 00:15:13 --> 00:15:20 didn't have enough money. So what I was thinking was, not only do I have to be
134 00:15:20 --> 00:15:25 right about my trade, but also have to be right about my entry, not going into
135 00:15:25 --> 00:15:29 too much drawdown, because soon as I put the trade on, they're going to do what,
136 00:15:29 --> 00:15:32 they're going to take that commission right out of that. So I got to cover
137 00:15:32 --> 00:15:36 $100 right away. So if I'm trading the grain market like soybeans, I have to
138 00:15:36 --> 00:15:41 have at least two cents of a move, because each penny move is 50 Cent, I'm
139 00:15:41 --> 00:15:47 sorry, $50 much like a yes, mini contract. So I was already overthinking
140 00:15:47 --> 00:15:53 everything, and that anxiety caused me to be much like a deer in headlights.
141 00:15:54 --> 00:16:00 And let me also talk about, you know, real quick, this. This is about teaching
142 00:16:00 --> 00:16:04 you how to overcome fear. It's not about teaching you to follow me and uses as
143 00:16:04 --> 00:16:09 signals. Because I know some of you are here just for that very reason, if
144 00:16:09 --> 00:16:12 you're not listening to what I'm teaching, it's not going to be
145 00:16:12 --> 00:16:15 beneficial to you. I could get out here and push the button to meet right all
146 00:16:15 --> 00:16:19 day long, but it's not making you better. It's not teaching you how to do
147 00:16:19 --> 00:16:22 it on your own, which is really what I'm trying to do here. It's only reason why
148 00:16:22 --> 00:16:27 I'm even doing live streams is to show you how to do it. And my son, who's
149 00:16:27 --> 00:16:31 hopefully going to learn from this and he wasn't privy to all this stuff that
150 00:16:31 --> 00:16:35 I'm talking about now, because he wasn't interested in trading these typical
151 00:16:35 --> 00:16:41 teenage kid video games and high school antics that kids do. But
152 00:16:44 --> 00:16:48 my concern, much like all of yours, if you've ever experienced fear, and some
153 00:16:48 --> 00:16:52 of you probably are fearful doing it wrong, even in a demo account, I've had
154 00:16:52 --> 00:16:57 many people reach out to me that they have ruined several demo accounts not
155 00:16:57 --> 00:17:00 knowing what they're doing, and it is so frustrated they can't even get to the
156 00:17:00 --> 00:17:06 point where you can push a button there, which is extreme anxiety, but you're
157 00:17:06 --> 00:17:11 placing too much emphasis on the outcome being perfect for you in the beginning,
158 00:17:12 --> 00:17:17 as I'll show you today, you want to exercise and do drills, and I'm going to
159 00:17:17 --> 00:17:22 teach you how to cope with the initial fear of getting into a market move and
160 00:17:22 --> 00:17:27 not worrying about that outcome being profitable. Now, before I close the
161 00:17:27 --> 00:17:30 session, obviously, my goal is to find something that moves five handles that's
162 00:17:30 --> 00:17:33 that's obviously the intention today. But I'm also going to present
163 00:17:33 --> 00:17:36 opportunities where I want you to think about what you're being shown in the
164 00:17:37 --> 00:17:41 chart. I'm going to point to something and ask you to conceptualize what it is
165 00:17:41 --> 00:17:46 I'm pointing at, and does it make sense to utilize that as an entry versus the
166 00:17:46 --> 00:17:52 ones that you'll actually see me push the button on? Now it's a it's a skill
167 00:17:52 --> 00:17:57 set that you'll obviously learn over time, but you can't just expect with a
168 00:17:57 --> 00:18:01 live account, whether it be a funded account or your actual funds in a
169 00:18:01 --> 00:18:05 traditional broker. You can't expect those types of conditions just to
170 00:18:05 --> 00:18:08 materialize magic and all of a sudden, now you know how to trade because you're
171 00:18:08 --> 00:18:13 using real money now, which is the reason why I'm an opponent to anyone
172 00:18:13 --> 00:18:17 teaching that people should just learn how to trade with real money. You don't
173 00:18:17 --> 00:18:22 learn how to trade with real money. You learn how to engage risk where you
174 00:18:22 --> 00:18:27 didn't have that before in paper trading and demo trading, but you learned how to
175 00:18:27 --> 00:18:31 trade with a demo. That's what a demo does. The demo is not just to
176 00:18:31 --> 00:18:35 familiarize yourself with a platform or broker. It's absolutely to teach you how
177 00:18:35 --> 00:18:39 to trade. And anyone that says otherwise, is this a fool? And this is
178 00:18:39 --> 00:18:45 the bottom line. So we're looking at a market that has a little bit of a mixed
179 00:18:45 --> 00:18:49 bag this morning, much like we had yesterday. I was calling most of
180 00:18:49 --> 00:18:53 everything you saw yesterday, and yes, on my Twitter feed, so you can go back
181 00:18:53 --> 00:18:59 and take a look at that. But today we have the dollar index. It's come off of
182 00:18:59 --> 00:19:06 its lows from 930 back into the range that was formed from 915 to 930 I'd like
183 00:19:06 --> 00:19:11 to see it mount a run above. You're welcome to check your charts. I don't
184 00:19:11 --> 00:19:18 want to toggle too much and make the mistake of losing audio the high of 103,
185 00:19:18 --> 00:19:25 13. I want to see it trade above that. That would indicate there's likeliness
186 00:19:26 --> 00:19:33 to see the shaded area on es be revisited. And again, we're just looking
187 00:19:33 --> 00:19:40 for an opportunity to frame a five handle run, which is not a lot. And
188 00:19:41 --> 00:19:45 right away you should be thinking, How much could I be risking with that? Well,
189 00:19:45 --> 00:19:50 when you first encounter doing entry drills, where you're practicing with
190 00:19:50 --> 00:19:54 your demo account or your paper trading account, which is how you do this,
191 00:19:55 --> 00:19:58 you're using one contract. Now, I know some of you out there that are trying to
192 00:19:58 --> 00:20:02 make a name for yourself. Rolling and making up a bunch of nonsense. You're
193 00:20:02 --> 00:20:06 going to get out there, and you're going to say, but I trade 40 contracts and 30
194 00:20:06 --> 00:20:09 contracts and blow my account out in front of everybody on live streams and
195 00:20:09 --> 00:20:13 pretend it doesn't happen. What we're doing is trying to teach you how to
196 00:20:13 --> 00:20:19 overcome the fear that fear, that anxiety, is rooted in number one, the
197 00:20:19 --> 00:20:29 leverage. Right away. The easiest thing to do to remove fear or to squash it any
198 00:20:29 --> 00:20:35 anxiety, is to remove the leverage. Dial that back just because your funded
199 00:20:35 --> 00:20:39 account says you can trade with 15 contracts. That's not an invitation for
200 00:20:39 --> 00:20:44 you, as my student that think that that's appropriate, that's a that's a
201 00:20:44 --> 00:20:48 lot of risk for someone that's just now getting a funded account. I mean,
202 00:20:48 --> 00:20:51 you're, you're you're new. You don't have the experience. You have no idea
203 00:20:51 --> 00:20:56 what it feels like to watch an account balance fluctuate with that measure of
204 00:20:58 --> 00:21:05 capital on each point fluctuation you so you want to start with one contract, and
205 00:21:05 --> 00:21:08 you want to desensitize yourself, because that same five PIP handle or
206 00:21:08 --> 00:21:16 summary, that five point run in ES, you can do the math and over time, when you
207 00:21:16 --> 00:21:20 can graduate to two contracts, three contracts, Four contracts, or even opt
208 00:21:20 --> 00:21:28 into that 15 contracts per trade, you'll have the experience working with price
209 00:21:28 --> 00:21:35 action that's associated with real monetary loss and potential gain. You
210 00:21:35 --> 00:21:40 just can't simply go out there and say, Well, I'm ready for it now. I'm gonna
211 00:21:40 --> 00:21:43 I'm gonna I'm gonna go out there and just plunge into the whatever the amount
212 00:21:43 --> 00:21:48 of contracts they allow me. I'm gonna do that. When I was teaching predominantly
213 00:21:48 --> 00:21:54 the forex markets, I mentioned it many times. Just because you can leverage as
214 00:21:54 --> 00:21:58 much as you can leverage with the broker, you should not be doing that,
215 00:21:58 --> 00:22:02 because all you're doing is increasing the likelihood that you're going to
216 00:22:02 --> 00:22:05 blow, you're going to lose, and you're going to be fearful the entire time
217 00:22:05 --> 00:22:09 you're in the marketplace. So you want this to be very boring. You don't have
218 00:22:09 --> 00:22:14 any kind of emotion attached to it, any kind of excitement, no kind of fanfare,
219 00:22:14 --> 00:22:20 because if you remove all that, your attention is going to be on price
220 00:22:20 --> 00:22:25 action, not how much you can make, or worrying about how much you're going to
221 00:22:25 --> 00:22:31 lose. And that's unfortunately, the the case with most new traders is that they
222 00:22:32 --> 00:22:36 they want to gamble much like the lottery and how much they can put on the
223 00:22:36 --> 00:22:41 bet, and just hope it works out in their favor, not realizing that if they just
224 00:22:41 --> 00:22:46 did very little risk, they can take lots of trades and still stay in the game
225 00:22:46 --> 00:22:51 long enough to get the eventual outcome that they're looking for. If it's not,
226 00:22:51 --> 00:22:54 get rich over quick. I'm sorry, get rich overnight, real quick, because that's
227 00:22:54 --> 00:23:03 not what you should be doing here. So far, we're just marking time on. Es
228 00:23:03 --> 00:23:09 hasn't done too much of anything. I'm looking at the NASDAQ. It's not doing
229 00:23:09 --> 00:23:12 much at all either, but the Dow is certainly weaker.
230 00:23:14 --> 00:23:15 It's coming off of its
231 00:23:16 --> 00:23:23 run higher. It's posted this morning, early on, and I'm watching, there's a
232 00:23:23 --> 00:23:30 volume imbalance at one Oh 3.06 on the one minute chart of dollar. So my eyes
233 00:23:30 --> 00:23:36 there, I want to see it. Kind of respect that and still pressing to 103 13, that
234 00:23:36 --> 00:23:41 rallying higher on dollar would be risk off near term, meaning that it's easier
235 00:23:41 --> 00:23:47 for foreign currencies like British Pound versus US dollar, Dow, NASDAQ and
236 00:23:47 --> 00:23:52 ES to trade softer, go lower. It doesn't mean I'm picking the top it's not an
237 00:23:52 --> 00:23:57 indication that it's going to crash. All I'm saying is it puts things in motion
238 00:23:57 --> 00:24:03 that would be likely supportive of of weaker, lower prices, we already gapped
239 00:24:03 --> 00:24:10 higher. It's already had that initial move higher. There's this consolidation.
240 00:24:10 --> 00:24:15 They broke out. Traders that use this type of idea to to buy want to break
241 00:24:15 --> 00:24:18 out. They're already in this here. So
242 00:24:25 --> 00:24:29 drop down into a one minute chart. Now, actually, let's just go through four
243 00:24:29 --> 00:24:29 we're
244 00:24:46 --> 00:24:50 so the exercise I'm teaching you today, when we get into a setting where there's
245 00:24:50 --> 00:24:54 opportunity there, because there's nothing here, yet, remember the first 30
246 00:24:54 --> 00:24:58 minutes as a trader, trading with ES, you want to be willing to submit to the
247 00:24:58 --> 00:25:02 first 30 minutes? It doesn't. Mean that you can't find a setup. If it's there,
248 00:25:02 --> 00:25:09 if it's obvious, then obviously, then you can. But as a rule of thumb, general
249 00:25:09 --> 00:25:13 rule of thumb, you want to submit to those first 30 minutes, because
250 00:25:13 --> 00:25:18 sometimes there's reports that come out at 945 Not today, not every day, but
251 00:25:18 --> 00:25:25 sometimes that occurs also the initial move right off the opening generally, is
252 00:25:25 --> 00:25:31 not the right one to be placing yourself in front of risk. So, meaning it could
253 00:25:31 --> 00:25:34 be a Judah swing, a fake a fake move. Okay, so we want to allow the
254 00:25:34 --> 00:25:39 marketplace to to draw in the gamblers they want to trade in near the first
255 00:25:39 --> 00:25:44 couple minutes of trading, okay? And you want to just relax, slow down and remind
256 00:25:44 --> 00:25:49 yourself that you have plenty of time, plenty of time you have the entire day
257 00:25:49 --> 00:25:53 to find these measly little five handles. And you don't want to rush just
258 00:25:53 --> 00:25:56 simply to get it out of the way, because that's also another thing that you
259 00:25:56 --> 00:26:01 you're going to feel like, you know you want to trade. You know you're also
260 00:26:01 --> 00:26:06 initially anxious about doing it incorrectly. So one of the things you're
261 00:26:06 --> 00:26:11 going to feel is, all right, I'm in front of the charts. I have my account,
262 00:26:11 --> 00:26:16 it's funded, or it's real, and I got to just get in here and get it out of the
263 00:26:16 --> 00:26:20 way so that way I can make my money and close the charts and just just be away
264 00:26:20 --> 00:26:25 from it. What you're doing is you're conditioning yourself to hate trading. I
265 00:26:25 --> 00:26:29 went through a phase like that after a few accounts that I've bloomed in the
266 00:26:29 --> 00:26:35 90s. That feeling of I just want to get in there and get my money and run away.
267 00:26:35 --> 00:26:40 I was conditioning myself to be afraid of it, which is what made it almost
268 00:26:40 --> 00:26:46 impossible for me to grind through to a point of not being fearful. That's why I
269 00:26:46 --> 00:26:52 have so many execution models that lets me get into a trade. I have lots of
270 00:26:52 --> 00:26:57 opportunities to get into a trade that allows me to participate in a move. And
271 00:26:57 --> 00:27:02 the reason why I have so many weapons like that is because that was my of my
272 00:27:02 --> 00:27:08 strongest barriers. I was afraid to enter because I didn't trust the model
273 00:27:08 --> 00:27:14 that I was working with was a good one. I didn't have enough experience seeing
274 00:27:14 --> 00:27:18 it work. I was in a hurry, just because I saw a few of them work, and sometimes
275 00:27:18 --> 00:27:21 they didn't work, but I blocked that part out, and that's another thing you
276 00:27:21 --> 00:27:26 need to be aware of when you do these exercises and these drills. Don't block
277 00:27:26 --> 00:27:32 out the times you do it wrong. Don't do that. You want to make sure that you
278 00:27:32 --> 00:27:36 learn what you did incorrectly in those and don't try to put blinders on
279 00:27:36 --> 00:27:40 thinking, Okay, well, that didn't happen. No, you need to know what you're
280 00:27:40 --> 00:27:43 doing, because if you don't address the issues that you're doing incorrectly,
281 00:27:43 --> 00:27:46 they're going to repeat. And if you're doing it live funds, you know what's
282 00:27:46 --> 00:27:50 going to happen. Eventually it's going to wear down that equity or wear down
283 00:27:50 --> 00:27:55 your mental capital, and between both of them, you will blow your account. So
284 00:27:55 --> 00:27:59 preservation of capital is the first and foremost important role in speculation,
285 00:27:59 --> 00:28:02 whether you're doing it with paper trading demo or eventually in live
286 00:28:02 --> 00:28:09 funds. So right away again, we're submitting that first 30 minutes.
287 00:28:15 --> 00:28:20 Nothing's happened so far today, dollars firming up. It still hasn't get up.
288 00:28:20 --> 00:28:25 Gotten above that 103, 13 level, which is what I'm looking for. I want to see
289 00:28:25 --> 00:28:30 it get above that on dollar one, zero, 3.13 that's the level I referred to
290 00:28:30 --> 00:28:36 earlier. Here's some weakness. We're looking for that right there. Okay, now,
291 00:28:37 --> 00:28:43 right away, your eye should jump to these clean lows right there. You
292 00:28:43 --> 00:28:50 see that. See that right here. Now, what's resting below those lows?
293 00:28:51 --> 00:28:56 Sell side liquidity this low here. We had a displacement below it. We're
294 00:28:56 --> 00:29:08 trading back up into the imbalance here. And the risk would have to be wrong on
295 00:29:08 --> 00:29:08 that chart.
296 00:29:15 --> 00:29:16 4022,
297 00:29:23 --> 00:29:24 40, 25.75,
298 00:29:29 --> 00:29:36 okay, so do we offer an opportunity to see five handles in this area here to
299 00:29:36 --> 00:29:38 that level here? Yes.
300 00:29:38 --> 00:29:44 Yes, that's not bright
301 00:29:59 --> 00:29:59 enough i.
302 00:30:19 --> 00:30:25 So now what I'm doing is as I'm watching the ES here, I want to see it drop
303 00:30:25 --> 00:30:31 below, just to trade back inside this shaded area and also gravitate towards
304 00:30:31 --> 00:30:35 the sell side liquidity. And I'm watching the dollar index, there's a
305 00:30:35 --> 00:30:38 small little imbalance that it's trading on. Let me tell you the candle right
306 00:30:38 --> 00:30:38 now.
307 00:30:38 --> 00:30:42 If you look at the one minute chart, it is the 944,
308 00:30:44 --> 00:30:49 big green candle on the one minute chart I'm watching. Does it respect that? In
309 00:30:49 --> 00:30:53 other words, does it want to send dollar higher while I'm watching ES? I
310 00:32:11 --> 00:32:15 what we were doing is the initial drill is five for five. That means you're
311 00:32:15 --> 00:32:19 going to risk five handles to make five handles. I already know there's going to
312 00:32:19 --> 00:32:22 be individuals in here thinking, Oh, that doesn't make money. It makes money,
313 00:32:23 --> 00:32:33 but you don't need a high rate of multiples for you don't need a five to
314 00:32:33 --> 00:32:37 one or 10 to 121, are multiple to be profitable. If you have a strike rate
315 00:32:37 --> 00:32:43 that's pretty high, you can do one for one, but while you're training yourself,
316 00:32:44 --> 00:32:47 you don't need that, you can just do one for one, because you're conditioning
317 00:32:47 --> 00:32:51 yourself to get over that fear of missing or not missing the trading
318 00:32:51 --> 00:32:55 because you're afraid you're gonna miss a move or you're gonna take a loss,
319 00:33:01 --> 00:33:11 still watching that dollar. This in here is not as clean as I would like to have
320 00:33:11 --> 00:33:14 seen it. I would have rather had not seen that little move here. But I'm
321 00:33:14 --> 00:33:20 giving it an opportunity to see if I can see that run up on dollar on that small,
322 00:33:20 --> 00:33:27 little buy side, balance, sell sign, efficiency. And again, we're still in
323 00:33:27 --> 00:33:31 first in that first 30 minutes of trading. So this is all part of that.
324 00:33:31 --> 00:33:35 What are you looking for? ICT, what are you waiting for? What do you look to
325 00:33:35 --> 00:33:39 see? What do you want to find in price action? What is your focus? What don't
326 00:33:39 --> 00:33:43 you like? That's what I'm doing right here. This is how you mentor someone.
327 00:33:43 --> 00:33:46 It's just not blindly going in there and just taking a trade. Now, let's just
328 00:33:46 --> 00:33:50 say, for instance, let's play double advocate for a moment. Say it just
329 00:33:50 --> 00:33:54 starts to break lower, okay. Say it breaks lower. And I haven't gotten in
330 00:33:54 --> 00:34:03 yet. I can use the top of that shaded area and the midpoint of this wick here,
331 00:34:03 --> 00:34:06 which will be consequent encroachment. In other words, if it traded down here,
332 00:34:06 --> 00:34:10 but didn't trade below here yet, and trade back up into it, I don't have a
333 00:34:10 --> 00:34:15 problem with that taken as an entry. Now, you might not be comfortable with
334 00:34:15 --> 00:34:18 something like that. I'm not trying to convince you that that's the model for
335 00:34:18 --> 00:34:22 you. All. I'm saying is, how do you overcome fear of entry. That's the whole
336 00:34:22 --> 00:34:29 topic of the day. But I'm wanting to trade with an entry with a fair value
337 00:34:29 --> 00:34:35 gap. That's what I'm trying to force my focus on. That way, at some point it's
338 00:34:35 --> 00:34:39 going to give it to me. I just have to wait long enough for it to happen. It's
339 00:34:39 --> 00:34:44 going to happen every day there's one, but you don't have the patience, if
340 00:34:44 --> 00:34:51 you're new, to wait for it, and since we have nothing in here, did I go short?
341 00:34:52 --> 00:34:56 No. Why? Because there's no fair value. Guy, I wanted to see a small little
342 00:34:56 --> 00:35:01 portion of that down closed candle left open. Do? Then a new candle start, and
343 00:35:01 --> 00:35:04 then it trade up into that. Then I would have, I would have sold short rate
344 00:35:04 --> 00:35:08 there, targeting these lows. But if I don't have what I'm looking for in a
345 00:35:08 --> 00:35:12 chart, I'm not just going to think, well, you know, I got video games to
346 00:35:12 --> 00:35:16 play. I got to do something here, or my wife's going to be asking me to do
347 00:35:16 --> 00:35:20 something, and I won't be be in front of my charts. Not that she does that. But
348 00:35:20 --> 00:35:24 you know how it is in real world you get pulled away from doing this, and they're
349 00:35:24 --> 00:35:26 wonderful little distractions.
350 00:35:27 --> 00:35:31 So Dollar Index did not respect that fair value gap, which is what I was
351 00:35:31 --> 00:35:34 watching for. It went a little bit deeper than I wanted to see. But it does
352 00:35:34 --> 00:35:39 have a wick. If you look at the wick on the candle one minute chart for D, x, y,
353 00:35:40 --> 00:35:47 the 943, low that wick on the low end of the candle. We've just dropped down into
354 00:35:47 --> 00:35:50 that. So I'm trying to watch and see if we get some kind of respect there and go
355 00:35:50 --> 00:35:56 higher. But I don't like where we are with ES, so we might need to go one more
356 00:35:56 --> 00:36:03 time higher on ES. NASDAQ looks like it wants a flirt with a higher high also,
357 00:36:03 --> 00:36:08 so, but the Dow is just a dog right now. We pull up Dow real quick, since there's
358 00:36:08 --> 00:36:14 nothing here at the time for ES, my focus is primarily on that market. So
359 00:36:14 --> 00:36:20 that's the difference between the Dow on the one minute chart, lower, sloppier,
360 00:36:21 --> 00:36:29 and then on NASDAQ, we have that. So we have relative equal highs. It looks like
361 00:36:29 --> 00:36:41 we could run up in there and hit that. And yes, we have this. So we have
362 00:36:41 --> 00:36:47 relative equal highs here, small little gap here. So if we trade it down there
363 00:36:47 --> 00:36:51 to that to 23 to 28 that would be five handles,
364 00:37:01 --> 00:37:05 dollars is hanging around, still not confirming or denying anything.
365 00:37:15 --> 00:37:22 This is the part. This is the time that is excruciating for inexperienced
366 00:37:22 --> 00:37:28 traders, you feel like, okay, you showed up. You're here. ICT says, gonna push
367 00:37:28 --> 00:37:31 the button today, and you're ready. You're chomping at the bit. You can't
368 00:37:31 --> 00:37:36 wait. And that's exactly how it feels when you get in front of a chart. When
369 00:37:36 --> 00:37:39 you have live funds at your disposal, you want to do something, but then
370 00:37:39 --> 00:37:44 you're also, I'm scared, what if I do it wrong? Everything's a second guess, and
371 00:37:44 --> 00:37:48 you're in a hurry. You're just in a hurry to get in it, just to do
372 00:37:48 --> 00:37:55 something, and that's the trap. You have to still remember what you learned about
373 00:37:55 --> 00:37:59 trading in a demo. You have to remember those lessons. You have to go back on
374 00:37:59 --> 00:38:03 that experience, because if you don't refer to that or even have gained any of
375 00:38:03 --> 00:38:06 that experience, you're going to be impulsively just pressing the button,
376 00:38:06 --> 00:38:10 and there has to be something in the chart to do a entry on. You just can't
377 00:38:10 --> 00:38:14 just gamble and see what happens. We're saying that it can go up to that 4028,
378 00:38:15 --> 00:38:19 level. I'm not interested in taking that, but that's a move. I say it is.
379 00:38:19 --> 00:38:20 It's a move. It's
380 00:38:25 --> 00:38:32 I want to use a fair value gap today. That's That's my focus. I'm confident
381 00:38:32 --> 00:38:36 it'll form. I'm just trying to exercise discipline to show you what it's like to
382 00:38:36 --> 00:38:41 sit through all the other price action moves. I don't care who's making money
383 00:38:41 --> 00:38:46 on YouTube. I don't care how many people's posting things on Twitter.
384 00:38:47 --> 00:38:50 That's not my trade. That's not your trade. You can't go back in time and
385 00:38:50 --> 00:38:54 enter when they did, if it was even profitable at all. So you have to submit
386 00:38:54 --> 00:38:56 yourself to this process of learning
387 00:38:58 --> 00:39:01 to pop up through here and hit that 4020, level
388 00:39:05 --> 00:39:12 still very, very mixed, which is typical ahead of FOMC, so you have to be a lot
389 00:39:12 --> 00:39:17 more nimble on days like this, and also by lowering your expectations. So now
390 00:39:17 --> 00:39:22 think about what's actually occurring here. The markets gapped up at the open.
391 00:39:23 --> 00:39:27 We had a small little rally higher, and we've dropped, but we have dropped
392 00:39:28 --> 00:39:32 aggressively. There was no real energetic drop. See that the only thing
393 00:39:32 --> 00:39:36 we had here was this drop down here, and it quickly with the relationships of
394 00:39:36 --> 00:39:43 intermarket analysis with the dollar. It canceled out any short here, and if you
395 00:39:43 --> 00:39:45 missed it, you'll it'll be in the recording. Go back and listen to it.
396 00:39:45 --> 00:39:49 There's the pop, the 4028, so in my mind, I'm thinking, anyone that's
397 00:39:49 --> 00:39:54 already trying to sell short, the gap higher and the initial high that's being
398 00:39:54 --> 00:40:00 formed here, this run here kills them. So now I'm watching very i. Closely. How
399 00:40:00 --> 00:40:05 that dollar index go back to that original fair value gap. That means the
400 00:40:05 --> 00:40:15 one at the candle at 944, one minute Dollar Index. If we rally here because
401 00:40:15 --> 00:40:18 we cut through candles, we're not supplying demand. Cut through the
402 00:40:18 --> 00:40:23 candles. It's been formed over the last seven or eight of them go back to that
403 00:40:23 --> 00:40:26 fair value gap, the candle ring right now, basically, is already traded down
404 00:40:26 --> 00:40:30 into that low of that fair value gap. And I want to see, does it rally higher
405 00:40:30 --> 00:40:36 on dollar? And if that does this high here on es could be suspect, meaning
406 00:40:36 --> 00:40:40 that it's just a run on buy stops or anyone short. And then we could look to
407 00:40:40 --> 00:40:45 see it traded into that 420, or lower, but it has to do so in price. All we're
408 00:40:45 --> 00:40:48 doing is anticipating the likelihood of that right now.
409 00:41:41 --> 00:41:45 What I'm doing is on my attention is going through Euro dollar, and I'm
410 00:41:45 --> 00:41:48 telling you, like, what are you looking at Euro dollar for? I'm looking at Euro
411 00:41:49 --> 00:41:55 I'm looking at the POUND DOLLAR. I'm looking at the dollar index. I'm looking
412 00:41:55 --> 00:42:02 at the relationships of that triad and trying to get a measure for where risk
413 00:42:02 --> 00:42:09 is, is it risk going or risk off? And euro is just consolidating. It hasn't
414 00:42:09 --> 00:42:15 really done much at all since around 730 it's been in consolidation. Dollar, like
415 00:42:15 --> 00:42:20 I said, it's came off its lows at 103 and I'm still looking for that 103 13 to
416 00:42:20 --> 00:42:30 be broken to the upside and how we trade there hasn't gone below on Dollar Index.
417 00:42:30 --> 00:42:40 Hasn't gone lower than the low formed at 954, 954, is low, and now we have es
418 00:42:40 --> 00:42:41 coming back down
419 00:42:42 --> 00:42:43 below these highs here.
420 00:42:50 --> 00:42:52 Okay, dollars looking favorable now.
421 00:42:57 --> 00:43:02 So now what we're going to do is we're going to wait to see if this high stays
422 00:43:02 --> 00:43:10 in place. If we break lower and create a fair value gap in here, between where,
423 00:43:12 --> 00:43:16 between this low and the high that's formed. We're using that price leg
424 00:43:16 --> 00:43:19 there. So inside of this range,
425 00:43:22 --> 00:43:29 this is retraction. It's done. What is taken
426 00:43:30 --> 00:43:36 by side here with this rally up so inside of this price leg, we're
427 00:43:36 --> 00:43:46 anticipating now a fair value at the form, and if it can form, I'll use that
428 00:43:46 --> 00:43:51 one. Excuse me. I'll use that one to try to get a run for five handles. Now I
429 00:43:59 --> 00:44:01 don't want it to go too fast from here,
430 00:44:09 --> 00:44:15 Brett's like ICT is trying to trade it. Don't give it to him. Reprice it, lower,
431 00:44:15 --> 00:44:18 no, fair value gap. He's going to convince everybody today he's
432 00:44:24 --> 00:44:26 day, and I'll stay here long enough to do it.
433 00:44:33 --> 00:44:38 Okay, so you can see already, like if we were using turtle soup, turtle soup
434 00:44:38 --> 00:44:43 would be that run above and just going in there and shorting it because we have
435 00:44:43 --> 00:44:48 a diverse and suiting the Dow and NASDAQ and es making higher high style didn't
436 00:44:48 --> 00:44:49 do that,
437 00:44:52 --> 00:44:53 all right, so
438 00:44:56 --> 00:45:00 I want to see this candle here create the fair value gap right there. Don't
439 00:45:00 --> 00:45:03 want to see it go up and have an immediate rebalance. I just want to see
440 00:45:03 --> 00:45:06 it close this camel, open another one, then trade up into it, but not take out
441 00:45:06 --> 00:45:10 that low yet. I don't want to see that happen yet. It looks
442 00:45:10 --> 00:45:17 like it looks like it's run. Dollar index is nicely ran up into the level I
443 00:45:17 --> 00:45:23 would want to see beautiful, beautiful. And we do have a fair value gap here.
444 00:45:29 --> 00:45:33 So you can do one of two things here in your practice, you can set a limit order
445 00:45:34 --> 00:45:40 here at this high plus one tick, and then use a stop of five handles. And
446 00:45:42 --> 00:45:45 then you then use a take profit of five handles, or you
447 00:45:48 --> 00:45:51 can wait for it if it can trade up there. And that's like I said, I'm
448 00:45:51 --> 00:45:56 running the risk of not participating on this one because it's already running
449 00:45:56 --> 00:46:05 and not giving a return back to it, which is fine. But you didn't get in
450 00:46:05 --> 00:46:09 ICT. I know there's lots of moves that I don't participate in, just like you're
451 00:46:09 --> 00:46:09 going to discover.
452 00:46:19 --> 00:46:25 Now we have a breaker. Okay? So while I don't want to utilize this as my entry,
453 00:46:25 --> 00:46:30 I do want to bring it to your attention, because it's here now the breaker is
454 00:46:30 --> 00:46:36 where we have a high, a low and a higher high, where it has taken buy side, as I
455 00:46:36 --> 00:46:41 outlined, in real time, this buy side that's been taken our attention goes to
456 00:46:41 --> 00:46:46 the down move prior to the Second theory, higher high. So, in other words,
457 00:46:46 --> 00:46:55 in short, the low between the two highs. So where's the down close? In that, in
458 00:46:55 --> 00:47:02 that low here, these candles entirely, all that range, 123123,
459 00:47:14 --> 00:47:22 so inside this range, that is a bearish breaker. So let's just say it goes up
460 00:47:22 --> 00:47:26 into this fair value gap here. You can short it, but you have to incorporate
461 00:47:26 --> 00:47:31 this, because it can trade up into that as well. Because it's a it's a fair
462 00:47:31 --> 00:47:38 value gap within the breaker. So ideally, I'd really want it to trade up
463 00:47:38 --> 00:47:46 into here, but it may be asking too much of it. So I'm going to do a lower
464 00:47:46 --> 00:47:50 probability entry. If we can go right above this high here to see it one more
465 00:47:50 --> 00:47:55 time, pump into that once more I'll go short risk five handles and see if we
466 00:47:55 --> 00:47:56 can get five handle run. I'm
467 00:48:09 --> 00:48:19 the liquidity is obviously sitting right below 4014, 25, so, 401425, all this
468 00:48:19 --> 00:48:25 smooth lows here, their cell stops resting below that. So if Smart Money
469 00:48:25 --> 00:48:30 has sold short up here, collecting what the buy stops. So they sold to those buy
470 00:48:30 --> 00:48:34 stops with this run here. So where are they going to try to get out at ideally,
471 00:48:34 --> 00:48:37 market efficiency paradigm is they're going to buy from sellers at a lower
472 00:48:37 --> 00:48:43 price markets here, where are sellers at a lower price below these equal lows.
473 00:48:56 --> 00:49:03 I can enter here, but my five handles doesn't provide me enough shield, where
474 00:49:03 --> 00:49:06 we are in that range, with this fair value gap, which is also one of the
475 00:49:06 --> 00:49:10 things you have to contend with when you're trying to take entries just
476 00:49:10 --> 00:49:14 because you feel confident it's going to go to a specific level, you still have
477 00:49:14 --> 00:49:19 to consider the risk, and just because you might be right about where it's
478 00:49:19 --> 00:49:23 going, you can't chase it. You got to trade. You got to trade in a premium if
479 00:49:23 --> 00:49:27 you're going short, that means trading in a up close candle. It's one of the
480 00:49:27 --> 00:49:31 filters that, many times, is going to serve you better than you realize. Now,
481 00:49:31 --> 00:49:37 if you can sell short and up close candles and buy and down close candles,
482 00:49:37 --> 00:49:41 you're giving yourself an advantage that most traders don't realize when they're
483 00:49:41 --> 00:49:42 trying to do injuries do.
484 00:50:17 --> 00:50:19 Take it into this one immediately. That's what I'm watching, waiting for.
485 00:50:28 --> 00:50:30 I just pressed that button.
486 00:50:33 --> 00:50:35 Took forever to get it in there. I
487 00:50:50 --> 00:50:54 now you just submit to it. If it takes you out, that's fine. If it stops you
488 00:50:54 --> 00:51:02 out, it's fine. And you want to submit to the idea that how much time does it
489 00:51:02 --> 00:51:09 take once you enter the trade? How much time does it take for you to see it move
490 00:51:09 --> 00:51:12 in your favor? Or if it stops you out? How fast did it take you to stop out? Do
491 00:51:49 --> 00:51:53 Now, obviously I'm using a fair value gap entry, but I'm using the context of
492 00:51:53 --> 00:52:00 that breaker so it kind of like allows for more of the things I like to look
493 00:52:00 --> 00:52:06 for in price action, but framing it is, you know, being utilized with other
494 00:52:06 --> 00:52:10 tools, but hopefully you can least see that the reason why I'm entering is in
495 00:52:10 --> 00:52:13 that fair value gap right here. Okay, now
496 00:52:21 --> 00:52:25 there's a small little volume imbalance in here. I want to see it trade through
497 00:52:25 --> 00:52:32 that and not get back above it once it does go below it. Now you reduce the
498 00:52:32 --> 00:52:37 risk. Put it right above the breaker that way. If I'm stopped out, it's a
499 00:52:37 --> 00:52:42 small little loss. Now, all you're doing is studying price action, watching. Does
500 00:52:42 --> 00:52:49 it still continuously deliver wanting to get down into I have it sit through this
501 00:52:49 --> 00:52:54 lower here, but if I had more, let's go back to this idea where the sell side is
502 00:52:54 --> 00:53:00 okay, but when you're practicing, you want to have a five for five, five risk
503 00:53:00 --> 00:53:08 five, gain. I want to see it right here, stay heavy and go lower. That would be
504 00:53:08 --> 00:53:12 an immediate rebalance. In other words, kind of like a fair value gap, return
505 00:53:12 --> 00:53:19 and drops. I want to see es remain heavy. I want to see the dollar climb
506 00:53:19 --> 00:53:22 back up into 103 16 area.
507 00:53:27 --> 00:53:31 And also you want to indicate in your journal that you're trading ahead of
508 00:53:31 --> 00:53:37 FOMC. So you're in a market climate that is not conducive for high precision.
509 00:53:37 --> 00:53:43 It's not conducive for low resistance, liquidity run means the easy salad days
510 00:53:43 --> 00:53:47 type trading that that's not, that's not where we're at. But you want to practice
511 00:53:47 --> 00:53:50 in these conditions, because by practicing in these conditions, you're
512 00:53:50 --> 00:53:56 preparing yourself, really, for the best. When the market's more free to
513 00:53:56 --> 00:54:01 move, in other words, when it's easier to see it rally or or drop into levels
514 00:54:01 --> 00:54:04 that you expected when it's this real sudden movement, all one favor, just
515 00:54:04 --> 00:54:09 digging into it, that's the type of trades I teach my students to look for.
516 00:54:09 --> 00:54:14 I look for that as a signature in the marketplace, versus just simply, well,
517 00:54:14 --> 00:54:17 the markets are moving the day, the markets are trading. So therefore, let
518 00:54:17 --> 00:54:25 me just go out here and try to make money. That, to me, is not enough. My
519 00:54:25 --> 00:54:29 eyes watching how we traded that low, I want to see it trade to that low and
520 00:54:29 --> 00:54:33 expand quickly to get these sell stops. That's what I'm looking for.
521 00:54:39 --> 00:54:43 Just a little bit of a movement up $1 so far. I want to see it really get
522 00:54:43 --> 00:54:46 aggressive and dig into that 103 16 and higher. I.
523 00:55:08 --> 00:55:12 Now you want to remove the risk because you've gone into new sell side, if it
524 00:55:12 --> 00:55:15 stops you out at this point, who cares? But because we went to this low here,
525 00:55:16 --> 00:55:20 the market can go back and revisit premium arrays and still not go to that
526 00:55:20 --> 00:55:26 sell side, which is the reason why I've removed the risk, and now you just
527 00:55:26 --> 00:55:30 submit to either one. Either it stops you, which you're fine with, it'll be
528 00:55:30 --> 00:55:35 stopped in profit and it would be a favorable outcome for the exercise, or
529 00:55:35 --> 00:55:39 it goes to your limit order and it closes your case study out, and you log
530 00:55:39 --> 00:55:43 it and you record immediately. You don't go to social media and parade around, or
531 00:55:43 --> 00:55:46 if you get stopped out, you don't go to social media and complain about it. You
532 00:55:46 --> 00:55:53 go right to your journal. You journal your entry suggesting what all the
533 00:55:53 --> 00:55:58 things positively that you did in the trade, the observations. Now you saw it
534 00:55:58 --> 00:56:02 trade down there, but it didn't take the limit order and it was way significantly
535 00:56:02 --> 00:56:06 enough to blow it. They could have done it. There you go. So there you go. Ice
536 00:56:06 --> 00:56:09 T's never going to do a live trade. He's never going to call the market. He's
537 00:56:09 --> 00:56:13 never going to explain it. But yet, here I am doing it. How about that? It's
538 00:56:13 --> 00:56:19 almost like it's pre recorded. Hindsight. Is that precise enough for
539 00:56:19 --> 00:56:26 you? So what you want to do is you want to go through how much time, how much
540 00:56:26 --> 00:56:29 time did it take for that trade to deliver? Obviously, I did a little bit
541 00:56:29 --> 00:56:33 more than five handles, but, you know, I have to work with what the market's
542 00:56:33 --> 00:56:37 going to give me, right folks. So right away you should be thinking, and your
543 00:56:37 --> 00:56:40 corners your mouth should be aching because you watched all this happened,
544 00:56:40 --> 00:56:44 and you can't believe it, I know, but this stuff happens every single day.
545 00:56:45 --> 00:56:48 It's been happening for the last 30 years. For me, it's been happening
546 00:56:48 --> 00:56:54 before I was born. Okay? These markets are absolutely rigged. Okay? They're
547 00:56:54 --> 00:56:59 absolutely rigged. There's no randomness to it. The only thing that is going to
548 00:56:59 --> 00:57:03 be random is your emotional impulses. When you're not equipped to know how to
549 00:57:03 --> 00:57:08 trade, if you don't know what you're looking for, you're going to lose. If
550 00:57:08 --> 00:57:13 you know a model that you know what you're looking for, then you can aim for
551 00:57:13 --> 00:57:22 that, and you can measure your progress. But you're not okay. You're not going to
552 00:57:22 --> 00:57:26 hit the target, unless you have a target, what's the target? Consistency?
553 00:57:26 --> 00:57:31 You're looking for something that repeats over and over again that's
554 00:57:31 --> 00:57:35 highly precise. I want you to take a step back for a moment, okay? And folks
555 00:57:35 --> 00:57:39 understand this is not bragging, because 10 handles is 10 handles. It's not that
556 00:57:39 --> 00:57:44 big of a deal, okay, but you can make a mountain of a career doing that. But I
557 00:57:44 --> 00:57:47 want you to take a look at what this chart looks like right here, right now,
558 00:57:47 --> 00:57:54 and I want you to go back and listen to the recording. There was absolutely zero
559 00:57:54 --> 00:58:03 anxiety. There was zero emotion. I was not hopped up on goofballs. I wasn't
560 00:58:03 --> 00:58:07 worrying about the trade panning out. I gave you exactly what I was thinking
561 00:58:07 --> 00:58:12 because of 30 years experience doing it, I'm lending my experience and what I'm
562 00:58:12 --> 00:58:16 thinking while I'm watching price. I told you the very things I was looking
563 00:58:16 --> 00:58:24 at, why I was considering it. I told you about the breaker. I told you how to
564 00:58:24 --> 00:58:30 frame the breaker, where it should stop. Did it stop at the high of the breaker,
565 00:58:31 --> 00:58:40 to the tick, baby, to the tick. This up close candle, this up close candle, and
566 00:58:40 --> 00:58:43 that up close candle that's all my breaker,
567 00:58:46 --> 00:58:50 that look at this price right here, okay, up here in upper left hand corner,
568 00:58:50 --> 00:58:51 you see
569 00:58:54 --> 00:59:04 that right there, that high is 402, 5.75 the high of this candle comes in at
570 00:59:04 --> 00:59:12 4026, even. So it went one tick, one tick, which is a mohawk. Remember price
571 00:59:12 --> 00:59:19 has to go up one tick to allow delivery of perfect old high. Think about if you
572 00:59:19 --> 00:59:25 had a limit order. It has to move. The difference between the bid and ask is
573 00:59:25 --> 00:59:30 one tick, so it has to do what it has to at least go up there to offer the
574 00:59:30 --> 00:59:36 opportunity for that high to be booked. But that framework, think about the
575 00:59:36 --> 00:59:40 questions that many of you have asked and you probably are listening and now
576 00:59:40 --> 00:59:45 had the answer given to you. How do you know ICT, how do you know that when it
577 00:59:45 --> 00:59:50 was rallying like that, how do you know that it won't go above that high there?
578 00:59:50 --> 00:59:54 Think about what I went through this morning with you. Okay, I opened up the
579 00:59:54 --> 00:59:58 chart. I showed you this shaded area down here. Okay, we'll go back into that
580 00:59:58 --> 01:00:03 regular trading hours. There. So the difference between yesterday's closing
581 01:00:03 --> 01:00:09 price and regular trading session to where we opened today at 930 that
582 01:00:09 --> 01:00:13 separation, that distinction between those two price points, is important.
583 01:00:14 --> 01:00:21 That's the opening range gap. So if we open to a premium, it opens like it does
584 01:00:21 --> 01:00:26 here. It rallies, comes back down rallies once more, perfect, perfect.
585 01:00:26 --> 01:00:30 We're watching now to see that fail. Go back and listen to my commentary. I'm
586 01:00:30 --> 01:00:33 not concerned it's going to keep rallying higher, because it's already
587 01:00:33 --> 01:00:40 done. Enough of that overnight. This is a trap. This down here allows them to do
588 01:00:40 --> 01:00:49 what chase it longs can say, Okay, I missed the initial run up here. Bears go
589 01:00:49 --> 01:00:53 short. Here, they put their stop loss rate above this high. The market drops
590 01:00:53 --> 01:00:57 down into the opening range, gap high, and then rallies. Go back and listen to
591 01:00:57 --> 01:01:01 my commentary. I did not take the short that I was interested in if it would
592 01:01:01 --> 01:01:03 have kept that candle with a fair amount. Candle with a fair value gap, I
593 01:01:03 --> 01:01:07 would have shorted that then. But because I was using the dollar index to
594 01:01:07 --> 01:01:13 filter, it kept me from doing what getting in prematurely. Plus the
595 01:01:13 --> 01:01:18 structure really wasn't all that. It was just not, it was not there yet. So I
596 01:01:18 --> 01:01:20 mentioned that how looking at the other markets, I said, Okay, it looks like
597 01:01:20 --> 01:01:23 NASDAQ is looking like it wants to make a higher wants to make a higher high.
598 01:01:23 --> 01:01:28 Let's take a look at NASDAQ real quick. I hope you guys can see this is not just
599 01:01:28 --> 01:01:32 random, made up stuff. It's a logic behind all this. So there's those
600 01:01:32 --> 01:01:35 relative equal highs. I said we would like to run up above that. It did that.
601 01:01:36 --> 01:01:44 Look at the Dow. See that divergence there. That's why I was trusting that we
602 01:01:44 --> 01:01:48 were not going to go higher. And that was absolutely a good breaker. Yes, so
603 01:01:48 --> 01:01:52 let's go back to ES. I'm answering all your questions. If you just listen to
604 01:01:52 --> 01:01:55 the boring stuff, folks, it's there. There's a lot of people. I started
605 01:01:55 --> 01:01:58 watching this video and said he's talking too much, and missed the entire
606 01:01:58 --> 01:02:04 move. But this down closed candle, these series of three down closed candles, is
607 01:02:04 --> 01:02:10 the context behind that run up here that stops out anyone that was going short
608 01:02:10 --> 01:02:14 here because they want to do what they want to fade to get right. Okay, the
609 01:02:14 --> 01:02:19 algorithm knows that is going to come down, rally through it all the buy stops
610 01:02:19 --> 01:02:23 are gone. Why is that useful? Just like I mentioned to you, Smart Money will
611 01:02:23 --> 01:02:27 sell short to those buy stops. They're going to sell to those buyers at a
612 01:02:27 --> 01:02:30 higher price. Smart Money is accumulating.
613 01:02:38 --> 01:02:42 Oh my goodness. We're getting Sleepless in Allen, Texas tonight, so we're
614 01:02:42 --> 01:02:44 looking at this area here,
615 01:02:49 --> 01:02:54 up in that area, all here, that's where smart money is going short. Okay, so
616 01:02:54 --> 01:02:59 they're selling short there with the expectation that they want to do what,
617 01:02:59 --> 01:03:04 buy it back at a cheaper price, but who would be willing to sell it to them at a
618 01:03:04 --> 01:03:08 cheaper price? Think about who would who would be willing to do that? Anyone
619 01:03:08 --> 01:03:12 that's long here or went long on here. It's idea that this is support where
620 01:03:12 --> 01:03:18 they're going to place their stop loss, where they just got wrecked. So when
621 01:03:18 --> 01:03:27 smart money's considering entering a short the market efficiency paradigm
622 01:03:27 --> 01:03:31 that I'm teaching you, the way they engage price. They're not looking at
623 01:03:31 --> 01:03:36 patterns. They're looking at who they can take to the slaughterhouse. They
624 01:03:36 --> 01:03:42 killed the people that were short when it ran above it. They're done. They're
625 01:03:42 --> 01:03:48 stopped out with a loss. Anyone that was short here gets stopped out. Anyone that
626 01:03:48 --> 01:03:52 went long down here, oh, it's gap and go dead. No, it's not. Listen to what ICT
627 01:03:52 --> 01:03:55 said. We're going to rally up, take a new high, and then we're going to watch
628 01:03:55 --> 01:04:00 and see, does it peter out? And it did. The market goes back down and takes out
629 01:04:00 --> 01:04:04 the longs. So who's who's really right? Who I told you was going to be right?
630 01:04:04 --> 01:04:12 The smart money selling here, and they're going to be buying down here. So
631 01:04:12 --> 01:04:20 when I'm looking at price, I'm looking at this to that, shorting, buying it
632 01:04:20 --> 01:04:24 back. But because I told you I was going to limit myself just using a fair value
633 01:04:24 --> 01:04:28 gap as my entry, I have lots of tools I could have very easily sold short up
634 01:04:28 --> 01:04:32 here, broke my rules just for ego purposes, and I wrote it down here.
635 01:04:32 --> 01:04:35 That's that would not have been what I went into this teaching for. I want to
636 01:04:35 --> 01:04:38 teach you how to do what look for your model. So if your model is the 2022,
637 01:04:39 --> 01:04:45 model, you just watch me do it. You literally just watch me do it. The
638 01:04:45 --> 01:04:50 context is selling at a premium. If you can't get that price and you're
639 01:04:50 --> 01:04:54 submitting yourself to what like I taught in the 2022, model, wait for this
640 01:04:54 --> 01:04:59 placement. This is the shift in market structure. Right below that low. Then.
641 01:05:00 --> 01:05:03 We have two fair value gaps. You can sell short in here, but you got to
642 01:05:03 --> 01:05:06 incorporate this fair value gap too. Why? Because it's inside the breaker,
643 01:05:06 --> 01:05:11 which is what I outlined here. The market does what it rallies up. I am not
644 01:05:11 --> 01:05:15 concerned about it making a higher high, because we already have at that high
645 01:05:16 --> 01:05:21 versus this high. The Dow has made a lower high. That's SMT, that's tipping
646 01:05:21 --> 01:05:28 its hand. The algorithm is showing its cracking correlation. It's telling you,
647 01:05:28 --> 01:05:33 much like I was telling you, that this rally is a suspect rally, meaning it's
648 01:05:33 --> 01:05:37 only going up to take the stops out for anyone that's short. Don't believe me.
649 01:05:37 --> 01:05:42 Go back and listen to the recording. It'll be there, but I'm not concerned
650 01:05:42 --> 01:05:45 about it going above that high, because I know that the algorithm is going to
651 01:05:45 --> 01:05:51 refer back to that candles high, because the context that books price in this
652 01:05:51 --> 01:05:55 algorithm repeats. It's not random. It's not milling, it's, it's, it's not
653 01:05:56 --> 01:06:01 milling through a whole different range of ideas and retail things. It's not
654 01:06:01 --> 01:06:08 looking for what retail logic is it going to use today? It's going where
655 01:06:08 --> 01:06:12 orders would be resting. It's going where inefficiencies are. That's the
656 01:06:12 --> 01:06:19 only thing it does, folks, that's it. Or it does this sideways. It's going up for
657 01:06:19 --> 01:06:22 buy side. Or it's going up to go into a premium fair value, yet some kind of
658 01:06:22 --> 01:06:28 inefficiency, or it's dropping to old lows where there's sell side, or it's
659 01:06:28 --> 01:06:33 dropping down to some discount inefficiency. Now look at it through the
660 01:06:33 --> 01:06:39 lens of the 2022, model. For a second, we see a high. The market rallies up.
661 01:06:39 --> 01:06:46 Did I use any other time frame? No, I traded right off of this time frame here
662 01:06:46 --> 01:06:53 using the tools that I've already taught you in 2022, so if this market's going
663 01:06:53 --> 01:06:59 up, and you're new and you're afraid, I'm afraid to trade. ICT, how do I get
664 01:06:59 --> 01:07:03 over the fear of that? Follow the rules. The rules say, wait for it to go lower
665 01:07:03 --> 01:07:08 where it's got to go below a short term swing low it does. So here trades below
666 01:07:08 --> 01:07:16 it go through. Does it have a fair value gap? Remember the range I told you, from
667 01:07:16 --> 01:07:19 here to here? Let's go back up through that I'm
668 01:07:24 --> 01:07:30 in that range, all of this is protraction. So in that range, when it
669 01:07:30 --> 01:07:34 starts to drop back down, we're going to be anticipating what forming a fair
670 01:07:34 --> 01:07:41 value gap. There was two of them here. And here the rules I gave you in a 2022,
671 01:07:41 --> 01:07:47 model last year was, if you have two fair value gaps, you have to at least
672 01:07:47 --> 01:07:51 allow for price to trade up into that second one, because it can, but more
673 01:07:51 --> 01:07:59 specifically, because we have that breaker there, because the breaker is a
674 01:07:59 --> 01:08:05 factor here, we have to at least make an allowance for I'm the wrong candle.
675 01:08:05 --> 01:08:11 Sorry. You have to make an allowance for it trading up to the high of that so I'm
676 01:08:11 --> 01:08:16 not concerned if it goes to that candles high in one tick or two. I'm not
677 01:08:16 --> 01:08:20 concerned about that. I'm not freaking out that it's going to go above that
678 01:08:20 --> 01:08:25 high, because if it did that, that's fine. That means I'm going to go bullish
679 01:08:25 --> 01:08:28 now, because it would erase and cancel the SMT divergence between the Dow and
680 01:08:29 --> 01:08:35 its lower high when the NASDAQ and ES, like we show here, made higher highs. So
681 01:08:35 --> 01:08:39 it would be a stop out on one trade, but it would give me insight into being a
682 01:08:39 --> 01:08:45 net long trader the rest of the day because it should not have failed. See
683 01:08:45 --> 01:08:50 the difference between fearing being stopped out and allowing. If it does,
684 01:08:50 --> 01:08:54 then I'll change my bias. That's experience. That's someone that has been
685 01:08:54 --> 01:08:59 here before, and I'm not reacting to price. Did anything that I outlined this
686 01:08:59 --> 01:09:04 morning seem or indicate to you that I was reacting to anything? No, I
687 01:09:04 --> 01:09:07 literally outlined everything you see in your charts here.
688 01:09:09 --> 01:09:12 This is where the price was going to drive gravitate to. It was going to make
689 01:09:12 --> 01:09:13 a higher high
690 01:09:14 --> 01:09:20 the model for 2022 if you take the low up, well, let's just do it. There's the
691 01:09:20 --> 01:09:27 low up to the high right there. Here's the 50% level. That's equilibrium. So we
692 01:09:27 --> 01:09:30 have to find something as a discount below that level. Well, we have these
693 01:09:30 --> 01:09:35 lows, this low, and then these relative equal lows here, which one's more likely
694 01:09:35 --> 01:09:39 to have the bigger pool of liquidity below? Obviously, this one here, and
695 01:09:39 --> 01:09:45 it's nicely below the 50% level. So we're in a discount. And we smashed all
696 01:09:45 --> 01:09:52 the way down into it 10 handles I like to over deliver. I told you I'd give you
697 01:09:52 --> 01:09:58 five. Give you 10, but you could have very easily if it was your exercise,
698 01:09:59 --> 01:10:04 once it. Out to five handles, collapse it and then watch it the rest of the
699 01:10:04 --> 01:10:08 time, using the logic that, if you were still in it, how would you be feeling
700 01:10:08 --> 01:10:13 each time it creates a new candle lower or higher against you? This move right
701 01:10:13 --> 01:10:18 there. That's my classic teaching of the breaker. This is what you're all
702 01:10:18 --> 01:10:23 familiar with. But like I said, just because you watch those introductory
703 01:10:23 --> 01:10:27 lessons, those core content lessons, that's not mentorship, that's the
704 01:10:27 --> 01:10:32 language. My students have to know those things before they can really learn how
705 01:10:32 --> 01:10:37 to use the things. I'm not upset about those core content lessons being shared
706 01:10:37 --> 01:10:42 around. It was intended for it to happen. That's viral advertising. It was
707 01:10:42 --> 01:10:47 seeds in the minds of everybody that got their hands on it. And I don't feel bad
708 01:10:47 --> 01:10:52 about putting on my YouTube channel and my students that are mature, that are
709 01:10:52 --> 01:10:55 able to do these things now, they don't care that those videos are up there,
710 01:10:56 --> 01:10:59 because they know that there was 1000s of videos outside of those. That's where
711 01:10:59 --> 01:11:03 the real mentorship was. And they're not going to help you, because they're old,
712 01:11:04 --> 01:11:09 like you. Just watch this one here. You watched it pan out real time, exactly,
713 01:11:10 --> 01:11:16 exactly how I teach. There was nothing contrived here, nothing random. And it
714 01:11:16 --> 01:11:19 should bolster your confidence that what you're learning and who you're learning
715 01:11:19 --> 01:11:29 from can do it precisely, accurately, with no emotion, no pomp, no ego, no
716 01:11:29 --> 01:11:34 bragging. It's just the facts. This stuff works. This is the market. It is
717 01:11:34 --> 01:11:39 the market, folks. It's not pattern stuff. It's not indicator stuff. All I
718 01:11:39 --> 01:11:45 drew on this chart was the logic to help you see it like I see it, because the
719 01:11:45 --> 01:11:49 entities that I dub and refer to, commonly as smart money, that's not the
720 01:11:49 --> 01:11:55 same people you think it is. It's not a market maker. Market making is
721 01:11:55 --> 01:12:02 algorithmic. Now there's no person that's a market maker. You may hear them
722 01:12:02 --> 01:12:08 be referred to as a market maker, but they are a dealer. That's all they are.
723 01:12:08 --> 01:12:11 They're not making the market. They're not controlling price, they're not
724 01:12:11 --> 01:12:15 sending price to a specific level like this algorithm is now my question to you
725 01:12:15 --> 01:12:19 is, is, how on earth, if there isn't an algorithm, how can it be that I can see
726 01:12:19 --> 01:12:23 these things so precisely before the fact, and explain it to you before it
727 01:12:23 --> 01:12:27 happens, and your real time chart paints it just like I'm showing you. Mine is
728 01:12:28 --> 01:12:33 because there is an algorithm, and I'm sorry if that upsets your entire
729 01:12:33 --> 01:12:39 paradigm, if that conflicts with your teachings, your mentorships, your logic,
730 01:12:39 --> 01:12:45 your book sales, I'm sorry. I'm not meant to, you know, upset you. I'm here
731 01:12:45 --> 01:12:50 to open your eyes to what's really going on. And I can do this every day, and
732 01:12:50 --> 01:12:54 damn it, I'm ready to do it in court. I can do it, baby, let me do it, because
733 01:12:54 --> 01:12:55 I'm going to smoke
734 01:12:55 --> 01:13:00 your ass. Please, pretty please, wish it your own time. Yeah, hope
735 01:13:03 --> 01:13:05 you found it so insightful today, folks,
736 01:13:06 --> 01:13:09 until next time, be safe.