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Last modified by Drunk Monkey on 2023-03-25 20:29
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1 == Outline ==
2
3 ##02:27 -## Good afternoon, everyone.
4
5 ##04:34 -## How do I make my lines look like this?
6
7 ##09:42 -## Today is the immediate day after FOMC event.
8
9 ##15:06 -## How to use this chart to get a better understanding of the current market.
10
11 ##21:44 -## How to trade in the London session -.
12
13 ##25:52 -## Short-term oversold without an indicator.
14
15 ##31:05 -## Why would you want to do that when there’s days where you can go in and out in 20 minutes?
16
17 ##37:06 -## The market is going to do what it’s going to do and you can’t hide it.
18
19 ##39:49 -## What is more likely for the bottom end of that shaded area to be traded to go down or up?
20
21 ##46:13 -## New Weak Opening Gap -.
22
23 ##53:12 -## How do you know when you’re in a gap?
24
25 ##59:57 -## If you were really trying to do this and you were honest with yourself, you would want to know everything that I'm willing to give you.
26
27 ##01:05:35 -## What you’re lacking right now -.
28
29 ##01:11:27 -## What’s happening in the Dollar Index.
30
31 ##01:17:11 -## What are the inefficiencies in the market?
32
33 == Transcription ==
34
35 (% class="hover min" %)
36 |1 |00:02:27,360 ~-~-> 00:02:39,180 |ICT: Good afternoon folks. I will be checking my twitter to see if you guys can hear me and if the audio is good enough I have everything all the way up as far
37 |2 |00:02:39,180 ~-~-> 00:02:53,910 |as I can get it I got this email five by five on Twitter everything's kosher volume level good
38 |3 |00:02:59,190 ~-~-> 00:03:00,090 |thank you thank you
39 |4 |00:03:05,580 ~-~-> 00:03:12,600 |right so let's take a look at this yes market here
40 |5 |00:03:24,720 ~-~-> 00:03:39,660 |alright so I mentioned this morning with tweets that we had a opening range gap from yesterday's regular session hours close to today's electronic trading I'm
41 |6 |00:03:39,660 ~-~-> 00:03:54,210 |sorry, regular session open by looking at like this Okay, so here's that close from yesterday where we opened today we rallied all the way up into that gap at
42 |7 |00:03:54,210 ~-~-> 00:04:06,240 |255 mentioned that here acid extended out note that what I told you it would hit this act as resistance trade down into this imbalance which was the low to high
43 |8 |00:04:06,510 ~-~-> 00:04:15,810 |lunchtime salsa liquidity. We have the market having returned back into this fair pay gap there noted
44 |9 |00:04:26,940 ~-~-> 00:04:40,650 |I try to keep my annotations light already have a lot already on the chart. So we traded up into that and we're looking for the market to trade back down into
45 |10 |00:04:40,650 ~-~-> 00:04:59,160 |the sell side here and dig into this a little bit more. Okay, and we'll get back into electronic trading hours and we have sellside here dollars firm. If you
46 |11 |00:04:59,160 ~-~-> 00:05:11,940 |look at your 30 minute timeframe on Dixie DX y Butina timeframe, you can see we are relatively equal highs from this morning, it might want to run up into that.
47 |12 |00:05:13,080 ~-~-> 00:05:30,660 |And then we have actual gaps in the Wednesday 7:30pm Time Window, certainly want to trade up into that one or 251 or 255 for dollar that will be risk off for ES
48 |13 |00:05:32,490 ~-~-> 00:05:34,740 |struck down into a four minute chart
49 |14 |00:05:40,470 ~-~-> 00:05:41,070 |three minute
50 |15 |00:05:50,160 ~-~-> 00:06:11,130 |two minute one or two go back up to three minutes. See how we have this really nice easy to see city here. Whereas it's not so clean and dropped down to the
51 |16 |00:06:11,130 ~-~-> 00:06:25,200 |two minute. Man, it's there, I guess. But I like the way it looks on the three minute let me have a volume imbalance up here as well. So we're at the opening
52 |17 |00:06:25,200 ~-~-> 00:06:36,420 |range gap. That's it the shaded areas down here. I'm looking for the market to try to trade back down into this area here. That will be sell side and the old
53 |18 |00:06:36,420 ~-~-> 00:06:44,070 |daily. Very, very good sippy low. And some of you're probably asking what that is
54 |19 |00:06:50,070 ~-~-> 00:06:51,420 |me see if I can pull it up here
55 |20 |00:06:56,640 ~-~-> 00:07:13,590 |it is this this big down close candle here. Using this candles low as the high that candles high here as the daily fear of any gaps should be low. Okay, so
56 |21 |00:07:13,590 ~-~-> 00:07:30,030 |that's what I'm looking at a nice big wick here. So we'll drop back down lower timeframe. We get animated on the downside. And we completely go back to
57 |22 |00:07:30,030 ~-~-> 00:07:43,590 |yesterday's closing price for the opening range gap. Then we can maybe consider the new week opening gap that's current this week. And I got a question from one
58 |23 |00:07:43,590 ~-~-> 00:07:58,290 |of the students on Twitter How do I make my lines like this First of all, I'm using TradingView obviously, but when you're dropping up horizontal Ray all the
59 |24 |00:07:58,290 ~-~-> 00:08:13,830 |settings are this okay. So you can see everything and the text is set to middle and on the right. So that way no matter what I do on my chart it will always be
60 |25 |00:08:14,460 ~-~-> 00:08:18,870 |on the right side. Okay then your next charge
61 |26 |00:08:36,990 ~-~-> 00:08:47,100 |so I'm looking at the Dow has relative equal lows on its hourly chart. I'll take a look at that real quick
62 |27 |00:09:00,480 ~-~-> 00:09:11,130 |hear that's too clean. And below that if we dropped down we have this small little gap here for dowel traders. And then we have all the imbalance in here.
63 |28 |00:09:12,120 ~-~-> 00:09:18,870 |All this back and forth in here. You want to look past that. There's going to drop below here it might dig into this area down here and then we have these
64 |29 |00:09:18,870 ~-~-> 00:09:34,440 |relative equal lows. Can you see that? So back Yes. Let me do this because I know somebody you'd like to treat that one too. So NASDAQ has
65 |30 |00:09:39,480 ~-~-> 00:09:48,690 |we have set aside here on the hourly. I mentioned the consequent encouragement of that wick earlier today. We had a little bit of wit past that but so far it's
66 |31 |00:09:48,690 ~-~-> 00:09:53,820 |been doing okay. And then let's go back to yes now
67 |32 |00:10:03,959 ~-~-> 00:10:04,409 |Minute.
68 |33 |00:10:12,120 ~-~-> 00:10:24,900 |So today is obviously the immediate day after FOMC. And whenever we had an FOMC event, or a large range event, a lot of volatility and such, the very next
69 |34 |00:10:24,900 ~-~-> 00:10:32,970 |morning session, you don't want to be doing too much of anything, doesn't mean you can't pay per trade doesn't mean you can't study, obviously. But too many
70 |35 |00:10:32,970 ~-~-> 00:10:42,660 |individuals want to go on here and try to chase it with their funded accounts or their live accounts. And it's many times proving more difficult for them,
71 |36 |00:10:43,020 ~-~-> 00:10:50,010 |especially if you're not used to seeing the type of price action that following a large range or high volatility event.
72 |37 |00:10:55,200 ~-~-> 00:11:09,000 |So plenty of time, that last hour of trading. I'll commit to spending time past three o'clock, until we get something that would be noteworthy. If something
73 |38 |00:11:09,000 ~-~-> 00:11:17,250 |happens, and I miss it, and I wasn't able to call it out live, then it'll be just a missed opportunity. But my bias is bearish, I don't look at this as going
74 |39 |00:11:17,250 ~-~-> 00:11:22,260 |higher, I have nothing in here that wants to see a buy side run.
75 |40 |00:11:29,880 ~-~-> 00:11:39,030 |Now when we have these opening range gaps, it's important for you to obviously treat them the same way I teach you to use all of the gaps that I like to use in
76 |41 |00:11:39,180 ~-~-> 00:11:51,480 |technical analysis. They're not one and done. Okay, so we extend them to the right. So right now what we've just did, we've taken out sellside rate below
77 |42 |00:11:51,480 ~-~-> 00:11:59,880 |these two relative equal lows. Now I want to watch and see does come back up here and touch the top of that opening range got, if it does, we would watch
78 |43 |00:11:59,880 ~-~-> 00:12:09,930 |that to see if it wants to expand from that point. It may not do that. It may not do it at all. But I'd like to see it trade up to that level there. And which
79 |44 |00:12:09,930 ~-~-> 00:12:22,380 |would also be what looks to the left, what do you see consequent creature on that wick so if it trades to that level here, it's it then expands down we would
80 |45 |00:12:22,380 ~-~-> 00:12:30,960 |expect for sell side we also have a gap in here. So we would like to see that trade down below it come back up and act as what resistance as I've outlined
81 |46 |00:12:30,960 ~-~-> 00:12:43,410 |that this one would be this morning or this afternoon rather. And we've seen it happen in the pm session and traded softer and it's dropped down until one
82 |47 |00:12:43,410 ~-~-> 00:12:57,750 |minute chart now to the volume of bounce here at the top of that shaded area as well. All I've done is shown the the range between previous day's close regular
83 |48 |00:12:57,750 ~-~-> 00:13:09,150 |session to the opening price at 930. So that that's this range here that's what's being indicated. Okay. So once the volume imbalance in here and the high
84 |49 |00:13:11,520 ~-~-> 00:13:17,520 |there really is no need for it to get up into here. Even though you see this here I don't think that it needs to get up there
85 |50 |00:13:32,640 ~-~-> 00:13:34,380 |sorry No, there's water bottles are noisy.
86 |51 |00:13:42,150 ~-~-> 00:13:59,370 |So I'm looking at dollar. And I'm still favoring that run into the I mean, actually give you a level. You can look at it on your chart. One Oh 2.45. And
87 |52 |00:13:59,370 ~-~-> 00:14:16,830 |then the gaps in yesterday's opening. We started trading again around 6pm. There's a gap up in that area around the one or two. What is that 51 or 252
88 |53 |00:14:16,830 ~-~-> 00:14:18,870 |They're about up to
89 |54 |00:14:34,470 ~-~-> 00:14:54,870 |I'm here to show up Yamana 252 and one or 245. So in that range, there's an actual liquidity void for dollar so that may act as a draw in addition to the
90 |55 |00:14:54,870 ~-~-> 00:15:09,390 |buy side that's resting above 6am and 830 highs for dollar on the 15 minute timeframe. So if we can get some kind of a run up into that again that would be
91 |56 |00:15:09,780 ~-~-> 00:15:14,190 |risk off. So that would allow for price to betrayed softer
92 |57 |00:15:26,280 ~-~-> 00:15:34,110 |Okay, so we were able to get back up in this area I didn't want to see it do that I don't definitely don't want to see it up in here. I want to see it kind
93 |58 |00:15:34,110 ~-~-> 00:15:37,260 |of stay heavy in here. We're in the two o'clock hour
94 |59 |00:15:42,600 ~-~-> 00:15:56,430 |NASDAQ looks heavy here. It has a fair value got this count very good at this is going to be on your five minute chart for NASDAQ the 9:25am for today, that's
95 |60 |00:15:56,430 ~-~-> 00:16:08,760 |your Vegas by Saudi male suicide inefficiency. You want to draw a rectangle on that extend to the right I put you around 12 837 For NASDAQ.
96 |61 |00:16:27,360 ~-~-> 00:16:35,700 |Alright, so now I would like to see this candle that's forming right now we're on a one minute chart as a reminder, I like to see this candle close. Leave this
97 |62 |00:16:35,700 ~-~-> 00:16:44,790 |little bit of a gap here trade up into it. It doesn't have to hit the high that shaded area. But then I would want to see it go into the area and then sell off
98 |63 |00:16:44,820 ~-~-> 00:16:47,160 |going into the sell side reading reading here. Okay.
99 |64 |00:16:57,270 ~-~-> 00:17:02,700 |Okay, so now we have the range. There, let me zoom in a little bit
100 |65 |00:17:07,740 ~-~-> 00:17:25,800 |I don't want to see it run away yet. Want to see it pop just above this candle is high. So trading at 95, even the trays 95 Even or 95.25. We watch that with a
101 |66 |00:17:26,100 ~-~-> 00:17:35,760 |hypothetical stoploss above here and look for sell side. Otherwise, it's probably just going to run all the way without me. That's fine. Plenty of time
102 |67 |00:17:35,760 ~-~-> 00:17:36,930 |still in the afternoon.
103 |68 |00:17:44,010 ~-~-> 00:17:55,770 |So you guys got to see me earlier in the week. Show the doubters that the buttons can get pushed with precision. I have a whole lot of other things I'm
104 |69 |00:17:55,770 ~-~-> 00:18:04,110 |going to do this year that a lot of people have said I would never ever do, it would never be seen a lot of stuff like that for the rest of the year. Alright,
105 |70 |00:18:04,110 ~-~-> 00:18:15,000 |see how we're trading into that gap now. Okay, so you want to kind of screenshot your your chart like right here. Right there, that's good, just like that, and
106 |71 |00:18:15,000 ~-~-> 00:18:32,250 |then monitor how it trades from here. Again, we're looking at this level down here as the draw. Like a man, imagine a magnet down below here. And price being
107 |72 |00:18:32,250 ~-~-> 00:18:36,120 |drawn down. And that's kind of like the analogy I use when I teach my students
108 |73 |00:18:43,740 ~-~-> 00:18:56,310 |now these after FOMC will have a very large range, it's important to remember that there's there's a different degree of precision that is lacking. In days
109 |74 |00:18:56,310 ~-~-> 00:19:03,360 |like this doesn't mean that you can't find things the trade off of it doesn't mean you can't find setups, it just means that the market tends to be a little
110 |75 |00:19:03,360 ~-~-> 00:19:12,660 |bit more reluctant to just run away for you in your favor. Many times you'll get retracements farther than you want to see a lot more consolidation than you want
111 |76 |00:19:12,660 ~-~-> 00:19:24,270 |to endure. And it's very frustrating especially if you're accustomed to seeing very quick low resistance liquidity run conditions for your setups, which is
112 |77 |00:19:24,270 ~-~-> 00:19:33,450 |what you should be looking for. You should be looking for that in price action and trying to get those types of setups predominantly in your studies or in your
113 |78 |00:19:34,200 ~-~-> 00:19:35,100 |executions
114 |79 |00:19:41,640 ~-~-> 00:19:54,930 |watch that wick here. Consequent encouragement there. We want to see this candle turn bearish. That will be a confirmation. So when you're watching price, these
115 |80 |00:19:54,930 ~-~-> 00:20:04,050 |are types of things that I'm looking for that are signatures that I like to see. It kind of keeps a My mindset I want if I'm bearish, like I'm holding that
116 |81 |00:20:04,080 ~-~-> 00:20:13,230 |opinion here, and we're looking for, or I'm looking for, let me make sure I'm very clear about that, I believe that we're likely to draw it down here. Because
117 |82 |00:20:13,230 ~-~-> 00:20:23,550 |of that, I want to see what would be considered a premium array. Things that would be acting like a classic resistance idea. My PD arrays, for instance, like
118 |83 |00:20:23,550 ~-~-> 00:20:30,750 |these three consecutive up close candles, that's a bearish order block, then you have the consequent encroachment of this wick, which is a gap, it trades just a
119 |84 |00:20:30,750 ~-~-> 00:20:40,800 |little bit past, but that's fine. And we also have the fair value gap here, we traded up into that. And we moved away from the high end of that opening range
120 |85 |00:20:40,800 ~-~-> 00:20:54,510 |gap. So we're watching to see this price remain heavy. Or if it retraces, we have to wait until we get closer to three o'clock our my suspicions is really
121 |86 |00:20:54,540 ~-~-> 00:21:05,310 |lining up with before we come to the close of today, I think we'll be down below here. At some point, I think we'll we'll work this level here. But I kind of
122 |87 |00:21:05,670 ~-~-> 00:21:17,070 |want to spread this mentorship, experience across different times. And we're doing a lot of the am session, which is convenient for a lot of folks. And less
123 |88 |00:21:17,070 ~-~-> 00:21:27,360 |convenient for the folks across the pond for this time of day, because a little later in the day, a little bit more of a sacrifice for them. But I will be doing
124 |89 |00:21:27,360 ~-~-> 00:21:38,670 |some london session things as well. So that way you will be up and watching that time of day a few times before the close of this mentorship in November. So that
125 |90 |00:21:38,670 ~-~-> 00:21:48,240 |way it gives you kind of like a comprehensive approach to looking at a full 24 hour market day. And that way, you may not be all that thrilled about any one
126 |91 |00:21:48,240 ~-~-> 00:21:58,320 |particular session right now. But that might change because you may or may want to do something in your personal life that allows you to make a change for you
127 |92 |00:21:58,320 ~-~-> 00:22:10,290 |to trade in the London session, which is a very, very difficult one in the United States. You have to really be willing to change your sleep schedule many
128 |93 |00:22:10,290 ~-~-> 00:22:10,740 |times.
129 |94 |00:22:25,499 ~-~-> 00:22:40,589 |So far I'm not seeing anything in dollar that is confirming that it wants to go up into that buy side which is allowing ES to struggle with a run lower. There's
130 |95 |00:22:40,589 ~-~-> 00:22:52,379 |a small little dollar one minute, Faraday got its advice on unbalance Solsona efficiency on the 146 candle for Dixie, just now trading into that. So we can
131 |96 |00:22:52,379 ~-~-> 00:23:07,859 |snap higher on dollar preferably here. And that would lend well to lower prices on es Dow is still struggling with its sloppy little consolidation on his one
132 |97 |00:23:07,859 ~-~-> 00:23:17,909 |minute chart. Blaming Beyonce we've traded up into that here on ES. So you want to have that on your chart too.
133 |98 |00:23:24,180 ~-~-> 00:23:34,260 |Volume and balance is my PDA where there's a separation between two candles. And their bodies are not touching or at least overlapping. Or I said it wrong, that
134 |99 |00:23:34,260 ~-~-> 00:23:44,790 |they're the bodies of two candles consecutively right after one another. If they aren't touching at least there creates this separation even though there's a
135 |100 |00:23:44,790 ~-~-> 00:23:53,100 |wick here that goes down into this candles body and other wick on this candle goes up into this candles body. That is a volume imbalance. And the market tends
136 |101 |00:23:53,100 ~-~-> 00:24:03,960 |to go back up into those areas revisited, reprice it and then move away either in your favor or against you. I don't mind the volume imbalances being traded
137 |102 |00:24:03,960 ~-~-> 00:24:15,180 |through that's one of the very flexible PD arrays, which makes it unfortunately difficult for students to learn because you want them to act like you know an
138 |103 |00:24:15,180 ~-~-> 00:24:23,100 |order block or a breaker where it's very finite, it does this and nothing else that type of thing. But you're also learning that all of mine PDE arrays have a
139 |104 |00:24:23,430 ~-~-> 00:24:32,880 |inversion aspect to them. So when the narrative changes, what used to be a bearish PD array can be utilized as a bullish PD array. So it provides real
140 |105 |00:24:32,880 ~-~-> 00:24:42,330 |context to the classic view of Support Resistance. What I'm not doing classic Support Resistance. I'm showing you the actual underlying pinnings of the market
141 |106 |00:24:42,660 ~-~-> 00:24:55,200 |that creates that buying or selling idea with Support Resistance theory without leaning on the classical, find an old low find an old high I'm not doing that
142 |107 |00:24:55,200 ~-~-> 00:25:10,080 |I'm showing you within the context of price delivery. So now watch that volume imbalance again here. We keep digging up into it digging up into here. Dollar
143 |108 |00:25:10,080 ~-~-> 00:25:25,290 |does list not having any of that asset imbalance. So it hasn't provided any kind of support yet has one more PD array in the form of a volume imbalance and it
144 |109 |00:25:25,290 ~-~-> 00:25:30,660 |overlaps with the last down close candle on the one that chart so we're in that now
145 |110 |00:25:36,510 ~-~-> 00:25:40,560 |$1, but it doesn't look like it's going to do too much for us here.
146 |111 |00:25:52,170 ~-~-> 00:26:04,380 |Now because it's a little bit later into the two o'clock hour, almost to 15 minutes to 13. Now because we've been drifting lower, it's okay for this market
147 |112 |00:26:04,380 ~-~-> 00:26:14,370 |to want to rally on a short term. And revisit all this area now, because we've broken several lows, we've taken this low out with this low with this run here
148 |113 |00:26:14,880 ~-~-> 00:26:24,300 |went lower, again, went lower again. Did we see any follow through on the downside? No. So it's short term oversold without an indicator? And if it's
149 |114 |00:26:24,300 ~-~-> 00:26:34,710 |going to go up, is there any imbalance in here, there's this one. And we'd have to watch and see does it want to respect the high end of that opening range gap,
150 |115 |00:26:34,710 ~-~-> 00:26:45,060 |which is this shaded area, it can go there have a little bit of a wick through that. And that's permissible, that's fine. But I would be because of the time, I
151 |116 |00:26:45,060 ~-~-> 00:26:53,280 |would be willing to allow for now that Runnable, this short term high here, because we have relatively equal highs, stop losses are going to be what trailed
152 |117 |00:26:53,670 ~-~-> 00:27:02,910 |lower. So there's a small little pool of liquidity in here. And if the market trades up at that point, we'd want to watch and see does it quickly reject that
153 |118 |00:27:02,910 ~-~-> 00:27:11,460 |level, and start going back down again, if it were to do something like that, then the next pass through this low here should be accelerated. And they would
154 |119 |00:27:11,460 ~-~-> 00:27:17,730 |quickly want to get down into the liquidity on here. So it wouldn't be the opportunity to be pulled away from the marketplace. In other words, anyone that
155 |120 |00:27:17,730 ~-~-> 00:27:26,790 |would have a stop loss down here in the form of a sell stop whether the sell short on a breakout lower or trailing it or keeping it there from this morning,
156 |121 |00:27:26,910 ~-~-> 00:27:38,070 |because they're a long term position trader, they are just waiting to be engaged. So when liquidity gets taken, should it trade down here, all their
157 |122 |00:27:38,070 ~-~-> 00:27:48,090 |selves thoughts become a market order to sell at the market, which would be a real good reason for the market to be covering shorts there. Because there's a
158 |123 |00:27:48,240 ~-~-> 00:27:56,460 |plethora of willing sellers at a lower price where shorts can buy back their short positions from those willing lower sellers.
159 |124 |00:28:04,019 ~-~-> 00:28:17,339 |This, again, is a reminder, this is the type of day where yes, I can see setups, yes, I can point them out to you on Twitter. But it's more meant for you to see
160 |125 |00:28:17,339 ~-~-> 00:28:30,629 |how different how much more difficult price delivery is, in days like this, where it's right after FOMC kind of like is a reoccurring theme this year in
161 |126 |00:28:30,629 ~-~-> 00:28:38,849 |this mentorship with you all, because obviously, I've taught how to find the good setups in all the core content, the videos and lectures I've done on
162 |127 |00:28:38,849 ~-~-> 00:28:49,019 |YouTube. But sitting with me over real time price action, and outlining what constitutes a low probability condition, what constitutes a high probability
163 |128 |00:28:49,019 ~-~-> 00:28:59,459 |condition and training yourself to what your understanding what it feels like, while you're watching price, when it's not a good, really easy low resistance
164 |129 |00:28:59,489 ~-~-> 00:29:07,769 |run condition where the market just rips in your favor. You don't have any new drawdown, it's quick and goes right to your targets. That's what I'm training
165 |130 |00:29:07,769 ~-~-> 00:29:19,919 |you to look for. That's what I've trained my students to look for in price action. And we're back at the hi that opening range gap high. And as I mentioned
166 |131 |00:29:19,919 ~-~-> 00:29:27,809 |before, it could spike up through that and take up this high maybe in here. And then I'd want to see it reject that not keep wanting to climb up. That's not
167 |132 |00:29:27,809 ~-~-> 00:29:42,809 |what I want to see here. And fact if that were to do something like that around and before to 30 to 40. That would be in my opinion, reason to anticipate much
168 |133 |00:29:42,809 ~-~-> 00:29:54,329 |more than just the opening range low as the last hour of trading opportunity. I think we could, again, revisit the new week opening gap this present week here.
169 |134 |00:29:55,199 ~-~-> 00:30:05,039 |If it were to do this outline here, which would be spike clear this here and that wouldn't give smart money the opportunity to sell these buy stops that are
170 |135 |00:30:05,039 ~-~-> 00:30:15,569 |being trailed on short positions. And then by being short here selling to those buyers, buying below here, buying down below here, and then buying at the new
171 |136 |00:30:15,569 ~-~-> 00:30:27,539 |week opening gap high. This below as I mentioned that there. Okay, that's that's what I, I see is a possible scenario going into the close today. And the reason
172 |137 |00:30:27,539 ~-~-> 00:30:43,649 |therefore, why I would expect that. But the the real Hallmark to this year's mentorship is I'm spending my last year teaching in this capacity, I don't want
173 |138 |00:30:43,649 ~-~-> 00:30:50,939 |to be doing this, you know, once I get to the second week of November, doesn't mean I'm going to fall off the face of the planet and not communicate with
174 |139 |00:30:50,939 ~-~-> 00:31:00,779 |anybody. But it just means that the level of engagement that you guys are used to now won't be so high. But it's important for you to be able to see what it
175 |140 |00:31:00,779 ~-~-> 00:31:13,619 |looks like when the market is fickle. Okay. And when I say it's fickle, it's, it's very, it's hard. It's very hard for a new trader to trust in these
176 |141 |00:31:13,619 ~-~-> 00:31:25,679 |environments, which is understandable. The mature students of mine that had been with me for a while and they know how to find low resistance liquidity run
177 |142 |00:31:25,679 ~-~-> 00:31:33,299 |conditions where the market is runs real quick, has those explosive price moves, where they have the big ranges, and they don't even come back and fill in the
178 |143 |00:31:33,299 ~-~-> 00:31:43,049 |ranges. It just keeps on going and going and going and going. Those types of moves. You learn how to find them by looking at these types of days and these
179 |144 |00:31:43,049 ~-~-> 00:31:51,689 |types of conditions. And yes, you can make a career out of trading in these environments. But my question is, why would you want to do that, when there's
180 |145 |00:31:51,689 ~-~-> 00:31:59,819 |days where you can go in and air in inside of 20 minutes your entire days done. Whereas something like this here, you have to babysit it for a long period of
181 |146 |00:31:59,819 ~-~-> 00:32:08,069 |time. It consolidates it retraces it does a lot of things you don't want it to do. And the whole time you're in these types of days, you're expecting the
182 |147 |00:32:08,069 ~-~-> 00:32:18,719 |things you learned in books to pan out, you know all these patterns and things, continuation patterns. And it's it is very frustrating. If you don't know what
183 |148 |00:32:18,719 ~-~-> 00:32:29,069 |you're looking at, because you're trying to project your expectations about how the market is likely in your best favor to perform. But it's reluctant to do
184 |149 |00:32:29,069 ~-~-> 00:32:48,599 |that, because no one's stupid batteries are rolling off my desk here, the you have to submit to a lot more frustration in these days. So if it's your goal, to
185 |150 |00:32:48,599 ~-~-> 00:32:55,169 |look for days, where you go in there, and you do the least amount of time in front of the charts, which is always a good thing. Especially if you know what
186 |151 |00:32:55,169 ~-~-> 00:33:03,569 |your model is in the beginning, you have to submit yourself to a lot of this, okay, you're gonna have to be in front of charts studying, looking at old price
187 |152 |00:33:03,569 ~-~-> 00:33:09,959 |moves, that's my back testing is not going in, you're using Market Replay, that's something entirely different. But you have to take a lot of screenshots
188 |153 |00:33:09,989 ~-~-> 00:33:20,939 |and study in and when you look at the charts, you want to write on them. How if you could go back in time being shorted and hold high after it took out a
189 |154 |00:33:20,939 ~-~-> 00:33:30,089 |previous high. And you classify that as a Smart Money entry on going short. And then you would look at the chart and say okay, if that was the case, and that
190 |155 |00:33:30,089 ~-~-> 00:33:38,579 |Smart Money entity is going short there, where's the ideal scenario for them to look for an opportunity to get out of that trade, which will be below an old low
191 |156 |00:33:38,609 ~-~-> 00:33:52,889 |where sellside resigns or a discount inefficiency. The next inefficiency if you go on es when your One Minute, I'm not going to move my chart because I want to
192 |157 |00:33:52,889 ~-~-> 00:34:05,519 |keep it right where it is. If you look at your chart on the one minute, on the 910 candlestick, there's a small little fair value gap there and it's in the
193 |158 |00:34:05,519 ~-~-> 00:34:16,529 |form of bytes that amounts to some efficiency. You want to draw a rectangle on the extents of the right. It's essentially 395 ish. there abouts. So that's the
194 |159 |00:34:16,529 ~-~-> 00:34:17,399 |next roll down
195 |160 |00:34:33,480 ~-~-> 00:34:40,560 |now that right there what I've told you about trading back up into the high end of that opening range get that stuff's not in books. Okay, that's not nobody's
196 |161 |00:34:40,560 ~-~-> 00:34:49,020 |teaching. They're gonna teach it now because I'm showing it to you. But that in itself right there. That's perfect four or five handle run right there. And that
197 |162 |00:34:49,020 ~-~-> 00:34:57,810 |could be your entire model. Or you could wait for it to trade down the depth 395 level. I mentioned this a moment ago, which is the next inefficiency. Then the
198 |163 |00:34:57,810 ~-~-> 00:34:59,970 |sell side is that 3982 and a half
199 |164 |00:35:06,569 ~-~-> 00:35:18,719 |But high resistance liquidity runs like this, see how it just, it moves a little bit and comes back rebalances moves a little bit, comes back rebalances moves a
200 |165 |00:35:18,719 ~-~-> 00:35:28,409 |little bit. It's very, very, to me, I'm bored by this kind of stuff like I don't, I don't, and not in the sense, like, I mean, all of its boring to me
201 |166 |00:35:28,409 ~-~-> 00:35:37,769 |because I know pretty much what is likely to do. But when it's like this, this to me, I'd rather do something else I'd rather read, you know, I'd rather go do
202 |167 |00:35:37,769 ~-~-> 00:35:48,539 |something else with my family members, take my dogs for a walk, you know, whatever. In that being from the charts. In, you might not feel that that is
203 |168 |00:35:48,719 ~-~-> 00:35:54,959 |something you would want to do. Because you look at this and thinking this is making perfect sense to me. It went up to that fair value gap you talked about
204 |169 |00:35:54,959 ~-~-> 00:36:06,659 |here, two o'clock, here, traded up into the high end the opening range gap high, it did that it broke lower, came back up, and displacement to the downside. That
205 |170 |00:36:06,659 ~-~-> 00:36:20,459 |in itself is five handles, you can literally replace your job with just that move that by itself. It's all it's all it requires. But unfortunately, you see
206 |171 |00:36:20,459 ~-~-> 00:36:29,369 |me doing 100 handle moves, get the handle moves, 30 handle moves, 20 handle moves over and over and over example, after example. And you think that that's
207 |172 |00:36:29,369 ~-~-> 00:36:37,679 |what you want to do. That's what you want to do, because you see the hypothetical paper trade results in the monetary sense. And you think if I could
208 |173 |00:36:37,679 ~-~-> 00:36:49,889 |just do that, whereas if I'm trying to teach the skill set to you, I want you to be able to feel confident that you can find the least the least of all things
209 |174 |00:36:50,579 ~-~-> 00:36:59,579 |consistently every single day. Even in hard days like this, these types of setups form continuously. And when you sit with someone that can talk about it
210 |175 |00:36:59,579 ~-~-> 00:37:07,229 |before it happens, you explain the logic behind it, and you get to see it, experience it. That's mentorship that it's a very comforting feeling. Because
211 |176 |00:37:07,229 ~-~-> 00:37:15,869 |there's no emotions behind it. There's no necessity for it to be profitable, there's no concern for it to be incorrect. You're studying it. You're learning
212 |177 |00:37:15,869 ~-~-> 00:37:25,739 |how to submit yourself to it. Because the market is going to do what it's going to do. And you can't hide it there's your 395 It's almost like a dog whistle
213 |178 |00:37:25,739 ~-~-> 00:37:37,109 |isn't going to daddy go down to sell side at 250 It's where it's resting. And I want to see it but I would like to see it rather spike through 3982 and a half.
214 |179 |00:37:37,679 ~-~-> 00:37:47,909 |And get into that 3978 and a quarter at least touch that again. That would be cool. But how we trade if at all to or through there United 70 and a quarter.
215 |180 |00:37:48,989 ~-~-> 00:37:58,499 |That is in indicative of how we trade going into the clothes in my opinion. Dollars found its wings here. I had to take out that short term low right around
216 |181 |00:37:58,499 ~-~-> 00:38:15,509 |that 143 time window on a one minute chart. Look at the low at 142. So I'm back to wanting to see that one or 245 one or 252 for dollar should allow for that
217 |182 |00:38:15,509 ~-~-> 00:38:24,869 |sell side on es that you're looking at here to get tagged NASDAQ's nice and heavy. I mentioned that buys out of balance. So Simon efficiency on its five
218 |183 |00:38:24,869 ~-~-> 00:38:41,249 |minute chart. It's at 925 this morning. You should have that extended out to the right. And here is your sell side being delivered on es read about now, so bow
219 |184 |00:38:41,249 ~-~-> 00:38:50,699 |has finally rolled over gave up the ghost it's now expanding accelerating to the downside which is good. You want to screenshot this folks screenshot this. And
220 |185 |00:38:50,699 ~-~-> 00:39:05,759 |then when it hits the daily fair value, get savvy low. screenshot that one as well. It's almost like it's pre recorded, isn't it? Oh, you folks. It's boring,
221 |186 |00:39:05,759 ~-~-> 00:39:14,219 |isn't it? It's like a Groundhog's Day event music. You'll see that movie Groundhog Day with Bill Murray, where it just repeats over and over and over
222 |187 |00:39:14,219 ~-~-> 00:39:23,219 |again. That's what it's like in this community. We look for the same things to happen all the time. And it's fun. We don't get animated. We don't get crazy
223 |188 |00:39:23,219 ~-~-> 00:39:33,209 |about it. We don't flip around and get all hopped up on goofballs, but it's just very relaxing. It's meditation for me. And I'm sure for you. It's like a thrill
224 |189 |00:39:33,209 ~-~-> 00:39:43,139 |ride because you're seeing something being proven every single day, every day precision, delivering consistently. There's no mumbo jumbo to it. It's based on
225 |190 |00:39:43,139 ~-~-> 00:39:56,579 |real logic that the market is going to work off of and how they book. So that was the price run for this afternoon. I know I said I would try to stay with you
226 |191 |00:39:56,579 ~-~-> 00:40:05,369 |until a little bit into three but that's about this As much as I would want to have, as an example, trying to push you into something, the remainder of our
227 |192 |00:40:05,369 ~-~-> 00:40:15,809 |time here, I want you to think about what is more likely to occur here? Is it more likely for the bottom end of that shaded area? Which is down here? Is it
228 |193 |00:40:15,809 ~-~-> 00:40:24,809 |more likely for that to be traded to here next, or for it to come back up and take out this high? What do you think is more likely to occur? Don't be afraid
229 |194 |00:40:24,809 ~-~-> 00:40:38,279 |to make a choice and be wrong. Because these, this is what you're doing this year with me, you're watching price. You're you're supposed to be watching this
230 |195 |00:40:38,279 ~-~-> 00:40:47,219 |without any kind of and I know some of you already shorted this, I know some of you probably are tweeting to me saying, Hi Fi who go into the club, I don't want
231 |196 |00:40:47,219 ~-~-> 00:40:53,519 |to see that. That's why I'm not I don't look at Twitter, while I'm talking to you, because I know invariably, I'm going to see something that's going to get
232 |197 |00:40:53,519 ~-~-> 00:41:00,419 |in my head. And I'm going to be worrying about you doing something based on what I'm saying, which is what you shouldn't be doing. Don't trade on this advice.
233 |198 |00:41:00,839 ~-~-> 00:41:10,469 |Because it's just me talking about price action. I'm teaching you how to submit to this process, and teaching you how to read price action, why it should do
234 |199 |00:41:10,469 ~-~-> 00:41:18,929 |certain things, why it shouldn't do certain things. And because you're gonna see example of this every single week, every single day, whether I'm doing it live,
235 |200 |00:41:18,929 ~-~-> 00:41:25,199 |or whether I'm talking about it in Twitter, where it's all time and date stamped, and I'm taking your attention right to specific candles, you're getting
236 |201 |00:41:25,199 ~-~-> 00:41:32,189 |a comprehensive learning experience that you can't really get anywhere else. Okay, it's one thing to listen to somebody talk about, okay, here's a signal I'm
237 |202 |00:41:32,189 ~-~-> 00:41:38,969 |buying here, I'm selling here, this is my target, but you don't really know why they're doing the trade. Which begs the question, why are you even doing that?
238 |203 |00:41:39,599 ~-~-> 00:41:47,429 |Like, how do you know, what you're doing is going to pan out you're basing your belief system, your religion revolves around the person that you're trusting
239 |204 |00:41:47,429 ~-~-> 00:41:58,229 |that signal derives from? And to me, that makes no sense. Okay, so we've traded down into that cibula, which is what I want to see. So now, it should have no
240 |205 |00:41:58,619 ~-~-> 00:42:08,609 |difficulty at all, trading down into the low end of that shaded area here. It should remain heavy, heavy is like where it just keeps wanting to go lower
241 |206 |00:42:08,609 ~-~-> 00:42:23,459 |having really no interest at all, when we go higher. Just for purposes of later on, and reflection for me as the mentor. Give me your feedback on what it feels
242 |207 |00:42:23,459 ~-~-> 00:42:34,979 |like seeing this unfold like this. Understanding where these terms could form, how much it could trade higher up. And if it was to do so what that would
243 |208 |00:42:34,979 ~-~-> 00:42:45,479 |indicate how the anticipate where the market is going to gravitate to draw to, which is the number one thing you're trying to learn first, or and throughout
244 |209 |00:42:45,479 ~-~-> 00:42:54,059 |the process of you discovering what your model is, as a trader, what you're going to do, knowing where price is going to go, that's your number one goal,
245 |210 |00:42:54,509 ~-~-> 00:43:01,859 |because everything else outside of that is going to get you in trouble. Order blocks, fair value gaps, all those things, if you don't have the direction,
246 |211 |00:43:01,859 ~-~-> 00:43:12,719 |right? And that doesn't mean bias. Okay? It doesn't mean bias. It means where's the next draw on liquidity? Because you can trade without a bias. Okay, I saw a
247 |212 |00:43:12,719 ~-~-> 00:43:23,849 |tweet. And for the life of me, I apologize. I can't remember. I believe that person's name on Twitter began with f, f e something, whatever. They asked, Is
248 |213 |00:43:23,849 ~-~-> 00:43:36,989 |it important to have a bias to trade intraday? Or must you have a intraday bias to trade? Or can I trade just internal intraday liquidity? Once you understand
249 |214 |00:43:36,989 ~-~-> 00:43:48,779 |what you're looking for, and the aspects of time of day, and when certain macros come in, and again, a macro is knowing where the market is likely drawl to next,
250 |215 |00:43:49,379 ~-~-> 00:44:00,719 |what liquidity and the time so you have to you have to know really what you're looking for for liquidity. And who's been making money right now. That's
251 |216 |00:44:00,719 ~-~-> 00:44:11,909 |essentially what the macros do. They roll against who's in the money right now. That's, that's what their their function is. Because whatever movement in price
252 |217 |00:44:11,909 ~-~-> 00:44:20,669 |action that's been unfolding is a recent whether it be a one minute chart, a five minute chart, 15 minutes or whatever. It's specific times and I Yes, I will
253 |218 |00:44:20,669 ~-~-> 00:44:29,519 |teach you these macros. Okay. I know it seems like I'm not trying to do it. I am. But I'm teaching you other things that will help you when I do the lecture.
254 |219 |00:44:30,209 ~-~-> 00:44:37,649 |You're like, Oh, no. Okay, I understand what he means now. Because if I do it prematurely, all you're going to do is I have 1000 More questions that you're
255 |220 |00:44:37,649 ~-~-> 00:44:44,789 |going to claimer to me on Twitter, or send me emails that I'm not going to reply to. Or talk to me through trading view because there's too many of you coming at
256 |221 |00:44:44,789 ~-~-> 00:44:53,339 |me asking questions that I physically am one person I can't do that. So you have to submit to the way I do things, which unfortunately, even my paid members when
257 |222 |00:44:53,339 ~-~-> 00:45:00,239 |he came to me, some of them were impatient. They thought they knew how to learn how to do this without even know how to do it. And he would get frustrate didn't
258 |223 |00:45:00,239 ~-~-> 00:45:04,709 |quit and run away and think that it doesn't work because they don't have the patience to listen to somebody that knows what they're doing.
259 |224 |00:45:06,179 ~-~-> 00:45:21,929 |You want to be mindful of certain things that I'm talking about in the daily range, the weekly range, and how these intermarket relationships tie together at
260 |225 |00:45:21,929 ~-~-> 00:45:31,979 |certain times of the day when you understand those things, and then I introduced the macros and explain to you what they are, why they form, what their purposes
261 |226 |00:45:31,979 ~-~-> 00:45:41,369 |are, it will make perfect sense to you, and you'll anticipate these things happening in the market you want, you'll know exactly what is going to most
262 |227 |00:45:41,369 ~-~-> 00:45:50,309 |likely occur at that interval right now, in a 20 minute span, you know that there's going to be a setup for me, you could set your watch to it, you can
263 |228 |00:45:50,339 ~-~-> 00:45:59,009 |sleep in and say, Okay, I don't care about anything else, I'm gonna go wait in there, I'm gonna trade based on what I see within that 20 minute window. And
264 |229 |00:45:59,009 ~-~-> 00:46:08,819 |then find your five handle 10 handle move, turn off your charts and go back to doing whatever you want to do. And folks, nobody teaches like that. They want
265 |230 |00:46:08,819 ~-~-> 00:46:18,119 |you to follow these moving average crossovers and trend lines and all this other stuff. See, we're below the opening range. Gaps love see that. So now our
266 |231 |00:46:18,119 ~-~-> 00:46:21,329 |attention goes to the new weak opening gap. Hi.
267 |232 |00:46:27,420 ~-~-> 00:46:39,960 |If you look at the range from here, to where we are right now, half of that is written here. there abouts. Okay. So if we looked at this high down to the new
268 |233 |00:46:39,960 ~-~-> 00:46:49,260 |weak opening gap high, that's also about halfway, which would be what, like a measuring gap. So when I look at targets where I've already outlined, I said, I
269 |234 |00:46:49,260 ~-~-> 00:47:01,500 |think I'd like to see this level traded too. That's one part of it. Also, because we have left this gap here, this fear of a gap here, I'd like to see
270 |235 |00:47:01,500 ~-~-> 00:47:11,340 |that stay open. Why? Because it's happens the fall about midpoint to where my next target would be, which I told you earlier, when we were up here, I said I'd
271 |236 |00:47:11,340 ~-~-> 00:47:19,560 |like to see it get through the bottom of this. If it does, we'll gravitate down to that new weak opening gap high. Because we have this range hot here, which is
272 |237 |00:47:19,560 ~-~-> 00:47:28,380 |the opening range gap. Hi. And I understand that this feels like 1000 things swirling through your head, what gap is what what are you talking, I have
273 |238 |00:47:28,380 ~-~-> 00:47:37,080 |lectures for all of this. But it's important for you to see me discuss them real time because there is logic behind what it is I'm teaching you that way when I'm
274 |239 |00:47:37,200 ~-~-> 00:47:45,510 |putting a video up, that's pre recorded, it's all the theory behind it. You'll remember oh yeah, that's what he was talking about. And he has lots of examples
275 |240 |00:47:45,510 ~-~-> 00:47:52,650 |of that. And you go to these live streams, because they're recorded, click on my little lab tab or go into the 2023 mentorship, that's where they're being added
276 |241 |00:47:52,650 ~-~-> 00:48:00,780 |to as the playlist, you'll be able to go through and hear me talk about these things. And it was over live data. It wasn't pre recorded. It's not cherry
277 |242 |00:48:00,780 ~-~-> 00:48:09,840 |picked in hindsight moves. It's not Market Replay, everything's here for you to see that was happening in front of everybody that's watching it. But if we have
278 |243 |00:48:09,840 ~-~-> 00:48:20,250 |a target, and we know where the inception of a price move should form, which was again that the high of this opening range gap. Hi, remember I was mentioning, I
279 |244 |00:48:20,250 ~-~-> 00:48:32,460 |said it could it would be permissible for it to spike up in the here. That would be fine. It would be better had it done that. And then started the break lower
280 |245 |00:48:32,460 ~-~-> 00:48:41,670 |because in my opinion, we've already been trading at the new week opening gaps high down here by now, if it would have ran up and took that high. But it's not
281 |246 |00:48:41,670 ~-~-> 00:48:52,530 |necessary. So if you were trading this, you'd have to trade with leverage going short at the opening range gap high. But allowing for a run above this high here
282 |247 |00:48:52,590 ~-~-> 00:49:05,640 |in this high here. Which can be scary. Or you would wait for it had it done. So if it would have spiked up there and broke down, you would wait for the standard
283 |248 |00:49:06,780 ~-~-> 00:49:16,860 |fare, right, you got the short inside of and then write it down to the opening range gap low. And potentially if it goes lower down into the new weak opening
284 |249 |00:49:16,860 ~-~-> 00:49:28,650 |gaps high. So you don't see the benefit of doing that. Or even understanding that if I talk about it conceptually, in a pre recorded video. If I give you
285 |250 |00:49:28,650 ~-~-> 00:49:37,080 |rules about this is what you can do. And this is what you can expect. What's going to happen is because there's so much information on my YouTube channel,
286 |251 |00:49:37,110 ~-~-> 00:49:48,300 |there's so many different videos. It feels overwhelming, like where do I go with all this like this is a lot of stuff. You should be in these videos, the live
287 |252 |00:49:48,300 ~-~-> 00:49:56,970 |sessions because I'm literally holding your hand and everybody that's watching all the older videos and not watching these and thinking they can come back to
288 |253 |00:49:56,970 ~-~-> 00:50:07,590 |them later on. You're doing it incorrectly. You're doing absolutely incorrectly, you don't want to push these later because this is what people paid me for. When
289 |254 |00:50:07,590 ~-~-> 00:50:17,880 |I was teaching mentorship, I was doing this. And because like some of you are new, you want the, give me the short sell entry, give me the stop loss, give me
290 |255 |00:50:17,880 ~-~-> 00:50:28,650 |the target, you get me into a trade, my first round of intake for mentorship was very frustrated. And I lost a lot of people going into month two, because they
291 |256 |00:50:28,650 ~-~-> 00:50:35,190 |wanted that spoon feeding. You know, give me a trade type thing, even though they signed an agreement knowing that wasn't that we were watching and studying
292 |257 |00:50:35,190 ~-~-> 00:50:48,030 |price. You should hopefully because you've seen many examples. And that's how everybody finds me. They see what my recordings are done their executions, you
293 |258 |00:50:48,030 ~-~-> 00:50:58,500 |want to see how I'm doing that. While I'm doing that, right now, explaining it with real time charts, I'm telling you where the logic is, what is in my head,
294 |259 |00:50:58,980 ~-~-> 00:51:06,390 |what the algorithm should do, why it should do this, and why it shouldn't do that, and where it should draw to. And I'm giving you the points of reference
295 |260 |00:51:06,390 ~-~-> 00:51:15,570 |how I get to that, this is the level I think it's going to go to. So if you don't watch these videos, or if you can't sit through them, because it's a lot
296 |261 |00:51:15,570 ~-~-> 00:51:21,960 |of talking, you think it's a lot of this get to the point, the point is, is I'm teaching you, I want you to know how to do it correctly, I don't want you to
297 |262 |00:51:21,960 ~-~-> 00:51:28,740 |learning from somebody else on YouTube that doesn't know how they're doing it. They're getting lucky. And once in a while they have an event that makes them
298 |263 |00:51:28,740 ~-~-> 00:51:36,690 |seem like they're consistent. You have to simply sit down with them every single day. If they're going to do it and you want to do it for you do it every day. If
299 |264 |00:51:36,690 ~-~-> 00:51:44,400 |I'm not here live on YouTube, I'm doing it live in Twitter. I'm constantly bombarding you with evidence that this stuff repeats over and over and over
300 |265 |00:51:44,400 ~-~-> 00:51:53,910 |again. But you you're not going to appreciate it unless you understand what the purpose is. And the purpose is for you to D sensitize yourself to the
301 |266 |00:51:53,910 ~-~-> 00:52:04,620 |fluctuations in price. And trust me as the coach that's going to put you in conditions that's going to be favorable for you with a model that you don't
302 |267 |00:52:04,620 ~-~-> 00:52:12,930 |really know that you're going to be using it. Because there's certain things that you probably want to do right now like you want to trade fair Vegas or you
303 |268 |00:52:12,930 ~-~-> 00:52:21,090 |want to trade breakers or you want to trade something else that I've taught. Many times my students have come through that, because they've watched my videos
304 |269 |00:52:21,090 ~-~-> 00:52:29,580 |leaked on Telegram for years. They were out there, and they're still out there. And they thought they understood what they wanted to learn when he finally said
305 |270 |00:52:29,580 ~-~-> 00:52:36,690 |I'm gonna go right to the source, I'm going to sign up with ICT join his private mentorship. And no, you can't do that. And no, I'm not doing future mentorships
306 |271 |00:52:36,690 ~-~-> 00:52:48,150 |and news. I don't want your money in the hole. What I'm teaching you right now, I'm actually teaching you better live like this than I did. Because I don't have
307 |272 |00:52:48,150 ~-~-> 00:52:57,960 |any of you constantly asking me questions like I had when I had 165 people my first class, they were asking tons of questions life. I can't focus. Nobody
308 |273 |00:52:57,960 ~-~-> 00:53:07,470 |could, nobody could do that. Nobody can do that. Okay. And it was very frustrating for me, I was overwhelmed with all of the, the fever that everybody
309 |274 |00:53:07,470 ~-~-> 00:53:14,610 |was asked, because I want to answer everybody's question. And when you send me emails, I want to be able to do that. But it's impossible. Like, look at the
310 |275 |00:53:14,610 ~-~-> 00:53:21,750 |comments sections of my videos, when I open them up. I can't sit there and answer all those reports, I would never get anything done. That'd be divorced,
311 |276 |00:53:21,750 ~-~-> 00:53:28,800 |my wife would be like, you know, I don't even know you anymore. I spend too much time with you as it is. So I try to do as much as I can. And I think I
312 |277 |00:53:28,830 ~-~-> 00:53:36,660 |outperform everybody else out there in education, whether they're paid or someone that's material like I'm in now, giving it out for free. Give me hit
313 |278 |00:53:36,660 ~-~-> 00:53:49,320 |that new week open and get high. It's almost like it's written in the stars. But when I'm talking to you, I'm lecturing you because I want you to understand why
314 |279 |00:53:49,320 ~-~-> 00:53:59,310 |it is that you should be submitting to some idea that I've taught or in teaching. Because if you don't know that, you won't know what to reach for when
315 |280 |00:53:59,310 ~-~-> 00:54:06,300 |it's not moving in your favor. And when we're when we're here consolidating like this, some of you probably thought this drop down here. And so I always got a
316 |281 |00:54:06,300 ~-~-> 00:54:14,190 |pin bar. Oh, look, it's going up. And you were thinking it's going to reverse and go back up and fill this gap. You know who you are. You were hoping I was
317 |282 |00:54:14,190 ~-~-> 00:54:25,230 |going to do that. Because I said it was a measuring gap. I taught you what a measuring gap is now inception of the move here. terminus, halfway, right in
318 |283 |00:54:25,230 ~-~-> 00:54:34,080 |here. Where's the gap right there, what kind of gaps are going to be measuring gap measuring gaps don't fill just like breakaway gaps don't fill. But what
319 |284 |00:54:34,080 ~-~-> 00:54:41,640 |happens if you do get a measuring gap and it happens to trade up and filling doesn't matter. I'll still treat it the same way. So see, see what I just did
320 |285 |00:54:41,640 ~-~-> 00:54:48,810 |there? How do you know when a measuring gap forms are this taught to you? You have to know where the beginning of a move happens, which I explained to you
321 |286 |00:54:48,810 ~-~-> 00:54:59,340 |here. Where is it drawing to? Well, you have a couple things you have to look for. I told you the 3985 level was the fair value gap and we have to see how we
322 |287 |00:54:59,340 ~-~-> 00:55:14,730 |trade there. Well, it traded down into the 395, then consolidated, broke lower, traded to the low the opening range gap, low, rallied a little bit consolidation
323 |288 |00:55:14,760 ~-~-> 00:55:26,430 |leading to what this is when your classic continuation patterns work. This is a bear flag. But I also teach when those flags are fake, and you can feed them
324 |289 |00:55:26,850 ~-~-> 00:55:38,250 |where other traders would be caught offside. That's what's in my core content. So when I'm teaching you, and I'm trying to give you all of this, you experience
325 |290 |00:55:38,250 ~-~-> 00:55:48,330 |that I have, it's for you to understand what your mind should gravitate towards when you're feeling scared about holding on to the idea that you're in. What's
326 |291 |00:55:48,330 ~-~-> 00:56:04,200 |the consequent encroachment now, here? It's this low here, it's midpoint between this week's current new week opening gap. But you if you don't have any
327 |292 |00:56:04,200 ~-~-> 00:56:11,970 |experience, and you're in the trade, I mean, you know what it's like, you probably got lucky enough to get a funded account challenge past, or you had a
328 |293 |00:56:11,970 ~-~-> 00:56:20,940 |Live account that you opened up prematurely. And you put on a trade, and you think you know what you're doing. And then all of a sudden, you can't breathe.
329 |294 |00:56:21,960 ~-~-> 00:56:26,340 |The markets not moving for you, you're not stopped out. But you start guessing
330 |295 |00:56:27,630 ~-~-> 00:56:35,790 |what's gonna happen next, am I gonna get stopped out? Is it gonna turn against me? What is normal? You don't know that. Why? Because you've not done what I'm
331 |296 |00:56:35,790 ~-~-> 00:56:45,660 |doing with you here this year. That's exactly why my students that paid me fail. They're lazy. You don't want to be a lazy student. You have to be doing these
332 |297 |00:56:45,660 ~-~-> 00:56:54,660 |types of things. I'm out here publicly proving that these things work. There's nobody is going to be able to stand in front of me whether in court, or in
333 |298 |00:56:54,660 ~-~-> 00:57:03,090 |public forum, going to say that these things don't work, because I'm absolutely proving I'm cramming it down your throat. I'm stomping on your neck with it.
334 |299 |00:57:04,020 ~-~-> 00:57:13,080 |There's no way anyone can say this stuff doesn't work is not any sound logic to it. There is absolutely sound logic to it. This is algorithmic price delivery.
335 |300 |00:57:14,280 ~-~-> 00:57:24,150 |It's undeniable. These things repeat over and over again every single day. But if you don't want to listen to me, there's the consequent encouragement, traded
336 |301 |00:57:24,150 ~-~-> 00:57:30,900 |to if you don't want to listen to me, you don't want to go through the proper learning experience. What's going to happen is you're gonna go to Jim Bob's
337 |302 |00:57:31,320 ~-~-> 00:57:39,660 |dollar menu, mentorship on YouTube, okay, you're gonna go to their discord, you're gonna go to their telegram channel, you're gonna go and follow whatever
338 |303 |00:57:39,660 ~-~-> 00:57:46,380 |they're doing, okay, their zoom calls or whatever they're doing, okay? And they're going to tell you, they're going to give you the five minute spiel on
339 |304 |00:57:46,380 ~-~-> 00:57:55,770 |ICT, you're going to get into trades, you're absolutely going to do that. Because they're using my logic. They're not teaching you, they're parroting what
340 |305 |00:57:55,770 ~-~-> 00:58:08,730 |I've done, what I authored, but they don't have the 30 years experience to guide you. When the shits deep. And you have no idea what did reach for what the
341 |306 |00:58:08,730 ~-~-> 00:58:20,160 |trust. I'm sorry, folks, but playing your trade, trade your plan. That stuff doesn't work all the time. Especially if you don't know what the hell it is that
342 |307 |00:58:20,160 ~-~-> 00:58:28,620 |you're expecting in price. You don't know when a certain series of candles is a real reversal yet, or just a simple consolidation or retracement to go lower
343 |308 |00:58:28,620 ~-~-> 00:58:38,880 |again, or go higher. If you're bullish. You don't have that yet. And these new guys that are teaching my stuff, they don't have that experience either. All of
344 |309 |00:58:38,880 ~-~-> 00:58:50,490 |their funded students are funded because I spoke. That's how it worked. And these individuals that are trained to use my stuff from someone else, they won't
345 |310 |00:58:50,520 ~-~-> 00:59:01,500 |be sustained. They'll lose their funded account, because they're not learning with 30 years, three decades of experience. I've sat and watched these candles
346 |311 |00:59:01,500 ~-~-> 00:59:11,940 |paint for three decades. I've had good days, I've had bad days, I've had good months, I've had bad months, I've had good years, I've had bad years. And I can
347 |312 |00:59:11,940 ~-~-> 00:59:21,900 |tell you the story, what price is going to do one second, interval charts, one minute chart, I do that. Because I want to make sure that there's next to no
348 |313 |00:59:21,900 ~-~-> 00:59:31,380 |time for someone to take what I'm doing. Unless you're clearly just taking my my chart, or whatever is I'm doing this reposting it somewhere else pretending
349 |314 |00:59:31,410 ~-~-> 00:59:39,450 |you're me. But it's such a small interval, by the time someone that wants to take it and then put it in your telegram channel and say they're doing it. It's
350 |315 |00:59:39,450 ~-~-> 00:59:50,040 |already moved. You have to be right here under my wing. That's the number one reason why I'm teaching with a one minute chart. I'm removing any chance for all
351 |316 |00:59:50,040 ~-~-> 00:59:59,190 |these copycats out there and I'm giving you my time. I'm giving you my energy. I'm giving you my wisdom. And I'm telling you how I hurt myself in this
352 |317 |00:59:59,190 ~-~-> 01:00:08,460 |business. I'm telling knew how to prevent it from hurting you. And you would want to learn how to do that if you were really trying to do this, and you were
353 |318 |01:00:08,460 ~-~-> 01:00:18,780 |honest with yourself, you would want to know everything that I'm willing to give you. And unfortunately, that's going to come with a long winded delivery,
354 |319 |01:00:18,840 ~-~-> 01:00:29,610 |because there's a lot of stuff that took place in the last three decades that I learned from, that isn't in books. So if you're here to learn, I promise you,
355 |320 |01:00:29,880 ~-~-> 01:00:36,870 |you're going to learn things that no one can teach you. It's not anywhere else, I don't care who tells you they can do what I'm doing, they're not going to do
356 |321 |01:00:36,870 ~-~-> 01:00:45,570 |it. I'll be here all year doing this, you might see one or two events by them. But I'm going to tell you exactly what price is going to do. And by the time we
357 |322 |01:00:45,570 ~-~-> 01:00:54,600 |get to the second week of November, you're not going to need me, you're not going to need ICT, you're not going to need me to talk to you on Twitter, watch
358 |323 |01:00:54,600 ~-~-> 01:01:06,090 |the new eco bidding got low as our next objective, which happens to be this low to that high measured move down there. So that'd be a nice little run. If it
359 |324 |01:01:06,090 ~-~-> 01:01:14,070 |does that, I will close the session with that. But you didn't push a button ICT, I'm pushing a lot of buttons. A lot of people listen to me talk today. And I'm
360 |325 |01:01:14,070 ~-~-> 01:01:27,720 |like this. So yeah, I'm pushing buttons. But I want you all to succeed, I want you to do well. And I want to have a clear conscience when I step away from all
361 |326 |01:01:27,720 ~-~-> 01:01:37,740 |of you, in this capacity in November, that I've given you all that you need. Because you've spent time with me over live data. If I didn't know what I was
362 |327 |01:01:37,740 ~-~-> 01:01:45,510 |talking about, if I didn't know what price is going to do, you first of all, you wouldn't be watching me, you would want to turn this video off, you would turn
363 |328 |01:01:45,510 ~-~-> 01:01:54,630 |the stream off good watch something else. But you know what's happening because you're seeing it happening your chart, this is live data. It's real time. You
364 |329 |01:01:54,630 ~-~-> 01:02:04,290 |can't fake it, it's right there. And everything's already on the chart. So it's not like I'm adding something to the After After Effects type thing. It's not
365 |330 |01:02:04,290 ~-~-> 01:02:12,900 |photoshopped, everything's here, the logic as to why it should do it. I'm filling in all of that while I'm talking to you. So that way, when you ever get
366 |331 |01:02:12,900 ~-~-> 01:02:19,500 |to the point where you make the decision, you do this on your own. But if you ever make a decision where you want to trade with real risk, whether it be a
367 |332 |01:02:19,500 ~-~-> 01:02:30,540 |funded account, whether it be real money of your own, you won't feel lost. When you're watching price, action, all these things will be familiar to you, oh,
368 |333 |01:02:30,540 ~-~-> 01:02:39,300 |this is normal price should do this, where the average neophyte someone that's trading with retail logic knew they see a candle like this. And they think it's
369 |334 |01:02:39,300 ~-~-> 01:02:49,410 |the end of the move and the world's ending and you know, it's gonna be a break your neck reversal type thing. You, you won't feel that simply because it's
370 |335 |01:02:49,440 ~-~-> 01:02:58,830 |happening in the chart. You know, up close up close candles is a good thing. If the markets going lower, we want to see that form. Because eventually, if it
371 |336 |01:02:58,830 ~-~-> 01:03:09,120 |trades down below it, it will revisit that as what a bearish order block. And you want to see that repel price lower. So when we're bearish, we're not afraid
372 |337 |01:03:09,120 ~-~-> 01:03:18,600 |of green candles forming, even if they're big. That's the reason why I teach the way I teach with my stop loss management. I teach all my students do not jam
373 |338 |01:03:18,600 ~-~-> 01:03:28,350 |that stoploss up. Don't even worry about that stop loss. It's being paid to do its job. Your job is to watch price. Is it constantly giving you instant
374 |339 |01:03:28,350 ~-~-> 01:03:38,400 |feedback that you're on site? Is it doing things that is acceptable based on how I teach order flow? Do you see a depth of market over here on the right side
375 |340 |01:03:38,490 ~-~-> 01:03:48,960 |over here at New ladders? I got? No. Everything I've read in these candles is just the price itself. Knowing that it's likely to gravitate towards the levels
376 |341 |01:03:48,960 ~-~-> 01:03:59,340 |I've called out here focusing on the time of day that it's going to draw down there was it doing its rolling on those individuals that made money this
377 |342 |01:03:59,340 ~-~-> 01:04:13,830 |morning? How did they make money being long. So all of this move here is to do what remove their chance of profit. But I had my stop loss below the low of the
378 |343 |01:04:13,830 ~-~-> 01:04:26,610 |day. It should have never came back down here. And yet it did. It shouldn't do these things. My my technical says this, my indicator says that it shouldn't
379 |344 |01:04:26,610 ~-~-> 01:04:42,900 |have done these things. And yet it did. I'm giving you all the insights. So that way you don't wrestle with these real concerns, you know, I'm not trying to
380 |345 |01:04:42,900 ~-~-> 01:04:50,190 |dismiss them. They're they're real things that need to be considered. While you're trading. You got to manage the trade, you gotta manage yourself. But how
381 |346 |01:04:50,190 ~-~-> 01:04:59,190 |do you manage yourself? How does ICT get on here? Or go on Twitter and feel confident about the things I'm talking about? And say look at this. Look at that
382 |347 |01:04:59,190 ~-~-> 01:05:10,350 |wait for these things. happened and then happens. Because I've been here before, I have an internal dialogue that I'm communicating to you. So that way, it'll
383 |348 |01:05:10,350 ~-~-> 01:05:22,140 |adopt this comfort, not completely stress free, but you'll feel comfortable, because you've been here before. And you'll hear my voice in your head, which is
384 |349 |01:05:22,140 ~-~-> 01:05:33,420 |what I refer to myself as the goes to the machine, your brain is the machine. That's the mechanism between your ears that you're utilizing, that comes up with
385 |350 |01:05:33,420 ~-~-> 01:05:41,580 |these decisions to get in and get out. But once you get in there, what you're lacking right now, because most of you are new, is you don't have experience. So
386 |351 |01:05:41,580 ~-~-> 01:05:50,490 |when you spending time with me, live streams like this, or listening to my twitter spaces where sometimes a little, I talk a little too much in colorful
387 |352 |01:05:50,490 ~-~-> 01:05:58,500 |language. And I'm trying very hard to stay balanced in this one today. And I'm literally doing everything I can to keep from going off the rails because I am
388 |353 |01:05:58,500 ~-~-> 01:06:13,830 |bipolar, and it's very hard for me to do this live will not do that. But these talking points, these things that bore most of the young folks, your youth is a
389 |354 |01:06:13,830 ~-~-> 01:06:16,770 |disadvantage for you. In that regard.
390 |355 |01:06:18,300 ~-~-> 01:06:29,310 |The folks that had been trading for a long time and have had breakeven hit and miss or unprofitable when they hear someone like me to have spent many years
391 |356 |01:06:29,310 ~-~-> 01:06:39,960 |doing this. And I have experienced in being able to do it correctly. When they hear that it fills in all those potholes that they experienced that caused them
392 |357 |01:06:39,960 ~-~-> 01:06:47,970 |damage over the time that they tried to make money in the marketplace, and struggled. Because these things are not even in market. Douglass's book is good
393 |358 |01:06:47,970 ~-~-> 01:06:56,460 |as it is. He isn't, he's not going to tell you how to submit to these ideas. Because those ideas that I'm talking to you about, they're mine. He's not privy
394 |359 |01:06:56,460 ~-~-> 01:07:05,640 |to that Market Wizards books, those guys and gals in those books, they're not privy to this information. This is mine. So I'm the only authority that you're
395 |360 |01:07:05,640 ~-~-> 01:07:17,640 |going to have to learn from despite everybody else out there trying to be equal to me with my own creation. They're not. So you need to listen to me in this
396 |361 |01:07:17,640 ~-~-> 01:07:26,370 |regard, because it's going to help you once you are out there in the trenches, when you have real risk. When you have a real potential to blow your account,
397 |362 |01:07:28,110 ~-~-> 01:07:38,460 |have drawdown? What are you going to lean on? When it feels like you can't breathe, and anxiety is gripping you. And you just can't stand it anymore. And
398 |363 |01:07:38,460 ~-~-> 01:07:45,300 |you want to collapse the trade because you just can't hold it anymore. You're not even in a losing position. Sometimes you're going to be in a position where
399 |364 |01:07:45,300 ~-~-> 01:07:55,290 |you're making money. And it's harder to even think then because it's it's just taking off. You didn't have a limit order in it just started running. And now
400 |365 |01:07:55,290 ~-~-> 01:08:06,720 |you're thinking what do I do now? You learn that by looking at these live streams and spending time with me? Because we're not surprised. We're not
401 |366 |01:08:06,720 ~-~-> 01:08:16,080 |surprised you hear any surprise in my voice? Do I sound like any of this was a shock? Like look at this. Can you believe this? We're down here in this movie
402 |367 |01:08:16,080 ~-~-> 01:08:26,400 |could have been and got right here? Who would have known this? How could anyone have guessed that it was going to perform like this? It's old hat in it's going
403 |368 |01:08:26,400 ~-~-> 01:08:37,050 |to be old hat for you. And you'll have the same memories pop up. Because you've spent time with me. And you'll hear the things I've said during these live
404 |369 |01:08:37,050 ~-~-> 01:08:47,520 |sessions that is going to be anchored in your understanding your memories are going to be rooted in these endeavors. Not from a book, not from a video that I
405 |370 |01:08:47,520 ~-~-> 01:09:00,000 |talked about a conceptual idea static, in hindsight, watching it live, watching it live over real time data. That's experienced folks. And you can't fake that.
406 |371 |01:09:00,540 ~-~-> 01:09:11,940 |It's either there or it's not. It's either correct or it's incorrect. The logic is sound or it's not sound. And I hopefully had been communicating at least in
407 |372 |01:09:11,940 ~-~-> 01:09:24,780 |my opinion, I have been presenting enough evidence to suggest that there's something different that I'm doing that warrants your closer attention. And if
408 |373 |01:09:24,780 ~-~-> 01:09:37,770 |you want to make a lot of money and avoid blowing your account, and going through all of the turmoil that every live fund trader goes through and be able
409 |374 |01:09:37,770 ~-~-> 01:09:48,000 |to navigate that you found the right person to listen to. I'm not going to try to sway you with materialistic things. I'm not trying to convince you to get
410 |375 |01:09:48,000 ~-~-> 01:10:00,960 |rich overnight quick. I'm teaching you how to submit the time. Submit to a process that's logical. That makes these markets book What makes these markets
411 |376 |01:10:00,960 ~-~-> 01:10:08,610 |move around, I'm teaching you that you don't have to subscribe to the idea that there's an algorithm if you don't want to, you don't have to, you just use these
412 |377 |01:10:08,610 ~-~-> 01:10:18,240 |concepts and say, These things are what I believe in. Fine, if you do that, you're still going to end up in the same place, it's fine. It's what I want you
413 |378 |01:10:18,240 ~-~-> 01:10:28,710 |to do. Submit yourself to these ideas. And keep the algorithm part of your mouth. Don't even worry about it. If it's a struggling point for you don't even
414 |379 |01:10:28,710 ~-~-> 01:10:40,950 |refer to it as such. It is what it is. But if it's a struggling point for you just don't talk about it. Down dollar indexes flying high here, we've cleared
415 |380 |01:10:40,950 ~-~-> 01:10:54,360 |those levels up into that gap I mentioned. That was yesterday evening, near global time. And the high on the candle at 445. For Dollar Index is one or
416 |381 |01:10:54,360 ~-~-> 01:11:00,480 |2:58am I saying that right? Make sure I'm telling it right.
417 |382 |01:11:09,690 ~-~-> 01:11:32,880 |Yeah, why don't you 58 And we've traded up too high of two. Lucky I see that. One or 263 and a half. So we had a nice run there. So we've traded into by side,
418 |383 |01:11:33,780 ~-~-> 01:11:44,940 |we went into three premium arrays on dollar. We took out three lows. On es, which is we've not take out three lows, we made three lower lows, we had this
419 |384 |01:11:44,940 ~-~-> 01:11:57,510 |low, this low, which was lower than that one. And then we had this low here, this low, fall short of the new week opening gap low. At the same time, we made
420 |385 |01:11:57,510 ~-~-> 01:12:13,890 |low lower lower low, the dollar index has made its run up into three premium arrays. It's the high when you're 50 minute candle, but the XY dollar on the 445
421 |386 |01:12:13,890 ~-~-> 01:12:29,070 |from Wednesday 4:45pm that comes in at 102 58 level, there's by side there then to the right of that high on the 15 minute time frame for dollar index. And I
422 |387 |01:12:29,070 ~-~-> 01:12:36,060 |know this part aggravates someone you're like can you just share the chart? No, you need to do this while you're watching. Because I'm looking at it just like
423 |388 |01:12:36,060 ~-~-> 01:12:49,950 |you are and you're gonna be doing this on your own anyway. But then the gaps that are in the 730 and six o'clock from Wednesday, there's actual gaps there.
424 |389 |01:12:50,340 ~-~-> 01:12:59,160 |That's a liquidity void or real liquidity void. There's a premium array there relative to we were talking earlier. And then we have the highs formed at the
425 |390 |01:12:59,160 ~-~-> 01:13:11,400 |845 low I'm sorry 845 Time Window this morning which comes in at the high on this this 15 minute timeframe again on dollar that is one or 2.45 Okay, so we
426 |391 |01:13:11,400 ~-~-> 01:13:32,310 |went through three premium arrays and we took out 123 lower lows and look at the price reaction here. So if you have three elements of liquidity tapped into and
427 |392 |01:13:32,970 ~-~-> 01:13:41,940 |you're seeing a low form at a logical level, which was what consequent approachment then we have the lower low the body's respecting consequent
428 |393 |01:13:41,940 ~-~-> 01:13:55,050 |encouragement the market drops again taking out that low here and with Dollar Index trading into three premium raise what's likely to occur there you go
429 |394 |01:13:55,080 ~-~-> 01:14:07,860 |retracement, what time is it likely to occur going into the three o'clock hour you have What this macro unfolding here was it reaching back up into new week
430 |395 |01:14:07,860 ~-~-> 01:14:17,160 |opening gap I'm sorry, opening range gap and right in here remember I was earlier referring to this area here where it could it could trade up into that
431 |396 |01:14:17,160 ~-~-> 01:14:26,580 |and then go lower and it was permissible that liquidity right now is where all trailed stop losses are this one has already been taken out. But it's also here
432 |397 |01:14:26,580 ~-~-> 01:14:43,170 |now. So make sure this high here on this candle at 4000. That's noted so nothing too surprised. Okay, not time elements in how many times we go into a area of
433 |398 |01:14:43,170 ~-~-> 01:15:00,330 |liquidity. If it's not a run on stops, like as I was mentioning with the dollar index, let me just show you the dollar index thank you Jesus right Two Minutes
434 |399 |01:15:00,330 ~-~-> 01:15:14,520 |sorry, free. Alright, so here's that high here I mentioned earlier, the 445, high, we traded through that here. This is that void, where there's no trading
435 |400 |01:15:14,520 ~-~-> 01:15:23,670 |at all as a little tick in here. Okay, that's a void. That's a real absolute actual liquidity void. There's no trading in there, except for that one print
436 |401 |01:15:23,730 ~-~-> 01:15:32,850 |there. This in here. And then the high here. So when we were down here, I said we were gonna gravitate to here and then if it goes higher, it can go up into
437 |402 |01:15:32,850 ~-~-> 01:15:52,890 |this void. And then this high. We rally up, cleared all three of them. And at the same time, yes, trades down into the old low here. New we got new week
438 |403 |01:15:52,890 ~-~-> 01:16:06,480 |opening got rather high consequent encroachment failed to go to what level is this? What level is that? Everyone else teaching you about? inefficiencies? Yes,
439 |404 |01:16:06,480 ~-~-> 01:16:18,030 |the 50% is consequent encroachment. But you also have two other gradients 75% and 25%. So it went down to 25 plus a ticket or two to allow that print to be
440 |405 |01:16:18,030 ~-~-> 01:16:27,270 |there because there's a difference between bitmask. And then we had this rally back up, would it reach up into what does this? Take this off? Because we don't
441 |406 |01:16:27,270 ~-~-> 01:16:45,450 |need that now. What is that? City trades up into consequent corrosion of the wick hits it. Complete repricing back up into all of this, what was inefficient
442 |407 |01:16:45,450 ~-~-> 01:16:56,430 |here by side why? Because it's a down close candle. It's large to the downside. So it's not offering what efficiently by side, how does it offer by side
443 |408 |01:16:56,430 ~-~-> 01:17:12,120 |efficiently. Price has to go back up through this high to that low offering movement to the upside. That's repricing overtop of sell side delivery. But it's
444 |409 |01:17:12,120 ~-~-> 01:17:20,550 |inefficient in the form of buy side. So it remember that bank, not bank but that paint roller analogy I use where you put paint on the roller, put it on the
445 |410 |01:17:20,550 ~-~-> 01:17:28,110 |wall, as soon as you put the roller on the wall, the paint distribution is very thick, it's ample. But as you roll it more and more, that starts to create these
446 |411 |01:17:28,110 ~-~-> 01:17:37,860 |little pockets of where paint didn't make its way to the wall. And you have to roll back over top of that the same things happening here. It goes down. But in
447 |412 |01:17:37,860 ~-~-> 01:17:47,010 |that movement down, there's gonna be small little pockets of inefficiency that you don't see. What does that what does it look like. If we do this
448 |413 |01:17:59,220 ~-~-> 01:18:08,250 |if you are finding this helpful, I would greatly appreciate it if you would give me a thumbs up because that's an encouragement to me as a mentor that you're
449 |414 |01:18:08,250 ~-~-> 01:18:18,450 |learning from what it is I'm teaching and sharing with you. But we're going to look in this download here, right there and take this little annotation out.
450 |415 |01:18:20,190 ~-~-> 01:18:27,930 |Alright, what timeframe we're on right now we're on a 15 minute timeframe. So we're gonna drop down to a five we can see that range here. We're gonna drop
451 |416 |01:18:27,930 ~-~-> 01:18:36,030 |down into a one minute inside of that range here. All of this in here. What do you see
452 |417 |01:18:42,600 ~-~-> 01:19:00,150 |I'll make a little bit bigger. So you can see in this movement here what do you see? In terms of inefficiency, remember that shaded area is a big down closed
453 |418 |01:19:00,150 ~-~-> 01:19:14,640 |candle. So it's a fair value gap Sibi si bi sellside imbalance buyside inefficiency. So what is it missing? efficient delivery for by side. So inside
454 |419 |01:19:14,640 ~-~-> 01:19:36,330 |of this shaded area, I want you to look real close. Where are the inefficiencies here. Here here and a volume imbalance right there. See that? So if we take this
455 |420 |01:19:36,330 ~-~-> 01:19:38,430 |level here, see if I can copy that
456 |421 |01:19:43,800 ~-~-> 01:19:54,060 |there's your volume and balance Hi. There. arbitrator up until it it has to do what has to go a little bit past that for what efficient delivery because
457 |422 |01:19:54,060 ~-~-> 01:20:02,400 |there's a difference between the bid and the ask. So to get that price, it's got to go one ticket least of other right while you're getting their trades there,
458 |423 |01:20:02,490 ~-~-> 01:20:10,980 |and then we came back off of it. So inside of these inefficiencies, you have to drill down into the smaller timeframes. And in fact, I'm not going to do it
459 |424 |01:20:10,980 ~-~-> 01:20:20,790 |here. But if you have the benefit of using the 30, minute and 15 and five second timeframes, you can actually look at this even better, like a microscope zooming
460 |425 |01:20:20,790 ~-~-> 01:20:29,220 |in. You're never in science or biology when you're in school. And he gave you those things that look at on a petri dish, and you zoom in with the same thing
461 |426 |01:20:29,220 ~-~-> 01:20:40,050 |you're doing here. You're zooming into that, and you're to target the actual inefficiencies. So how far these price runs can pull back up into it? what's
462 |427 |01:20:40,050 ~-~-> 01:20:51,060 |occurring at three o'clock that causes this? Like, why does that happen? The bond markets closing. So the bond markets closing has this impact on equities.
463 |428 |01:20:51,630 ~-~-> 01:20:59,760 |Sometimes it creates continuation, sometimes it creates a reversal. Sometimes it creates a retracement and then continuation, you have to know what you're
464 |429 |01:20:59,760 ~-~-> 01:21:08,640 |looking for where you are in the grand scheme of things in the higher timeframe chart. And what is still left to be taken in terms of liquidity or trade to in
465 |430 |01:21:08,640 ~-~-> 01:21:25,200 |an efficiency. So I've done more than I wanted to do when I first sat with you today at the beginning this string. But if it's been helpful to you, I would
466 |431 |01:21:25,200 ~-~-> 01:21:32,460 |greatly appreciate you give me a thumbs up, it doesn't cost you anything to do that. I promise it won't be seen by anyone, no one knows you gave me a thumbs
467 |432 |01:21:32,460 ~-~-> 01:21:45,930 |up. It's completely anonymous. And I saw you were alcoholics. And you don't want to admit that you're hanging out with the company of ICT. I promise you, it will
468 |433 |01:21:45,930 ~-~-> 01:21:57,210 |be a great encouragement to me. And I think that's going to be it for today. I think this was a very good live stream, I think it was productive. I would have
469 |434 |01:21:57,210 ~-~-> 01:22:06,210 |liked to listen to this as a new student, I would have gotten a great deal of insights for something like this, I probably would have pages of notes and go
470 |435 |01:22:06,210 ~-~-> 01:22:14,550 |back into the recording later on. And listen to it again to make sure I didn't miss any pieces of it. So with that spirit in mind, not trying to make it too
471 |436 |01:22:14,550 ~-~-> 01:22:23,460 |much longer than it needs to be. I think we will break here with this. Until I talk to you next time, which will be next week in a live stream. I don't know
472 |437 |01:22:23,460 ~-~-> 01:22:34,560 |which day I will tell you by way of Twitter. You know what, I'll do it. But I'm doing two live streams per week because I'm doing interviews with students.
473 |438 |01:22:34,560 ~-~-> 01:22:44,760 |They're proving they make money. And I'm including their social media contact information. So any specific questions you want to ask them like, can you show
474 |439 |01:22:44,760 ~-~-> 01:22:54,450 |me your certificate for the payouts? Or can you take me to a interview that I may not have included in in the description below their interview video, you're
475 |440 |01:22:54,450 ~-~-> 01:23:03,240 |welcome to contact them and they can surely just share whatever it is that you're you're looking for. And that's going to be it folks. Until I'll talk to
476 |441 |01:23:03,240 ~-~-> 01:23:06,420 |you next time. Enjoy your weekend. Be safe