ICT YT - 2023-03-31 - Live Tape Reading - AM Session - March 31 2023
Last modified by Drunk Monkey on 2023-04-03 12:02
Outline
05:04 - Good morning.
09:17 - Silver Bullet Setup -.
13:57 - Don’t try to hit the Homeruns in this price action.
19:17 - What’s your dollar digging into that one?
23:45 - Price action is spotty and messy.
30:04 - Where do we want to see the euro repriced?
35:31 - Knowing what you’re looking for makes it easier to wait -.
44:37 - Live streaming is outside the scope of my skill set.
47:53 - What’s consequent on the daily candle? -.
54:46 - How to find the balance in the market.
58:29 - What’s going on in the market.
01:04:12 - What would be a short term terminus for short-term scalp?
01:09:42 - The relative strength to the upside is not joining this higher.
01:16:10 - Institutional Report -.
01:21:35 - When do you kill a trade?
01:28:02 - If the algorithm is allowing that candle to go to the print and close outside of it, that’s the warning sign.
01:33:38 - Why you’re afraid to take your first losing trade.
01:41:38 - What is an order block? -.
01:47:55 - How to make money without having to make any money.
01:54:51 - What makes a trade less probable and when does it change from high probability to not likely to pan out.
02:06:50 - Why you have to own all that stuff -.
02:14:22 - You’re on the right track because you will not be able to do this on your own.
02:22:32 - The goalpost is moving all the time -.
02:26:12 - The market has shown willingness to go higher towards the daily volume imbalance.
02:30:00 - Daily chart of the day -.
02:35:52 - What does it provide for us inversion -.
02:47:15 - If I were in your position and I was a fledgling student of price action, I’d be looking for half of daily volume.
02:54:54 - When do you take trades vs. watch price in an open position?
03:00:46 - What’s going on in the market.
03:06:47 - What you’re trying to do is copy, not learn.
03:13:31 - You don’t need money, you need the skill set.
03:19:11 - What’s your encouragement for someone who might be watching your videos?
Transcript
| 1 | 00:05:04,380 --> 00:05:22,920 | ICT: Good morning folks. Good morning so I appreciate your patience allow me to go down and grab a bottle of water which I forgot to bring with me so as a |
| 2 | 00:05:22,920 --> 00:05:33,090 | reminder, this is going to be actually before I get into all this if you're following me on Twitter, just give me a five by five if the volume is okay check |
| 3 | 00:05:33,090 --> 00:05:33,480 | in here |
| 4 | 00:05:40,290 --> 00:05:40,860 | thank you, Mel |
| 5 | 00:05:47,100 --> 00:06:01,380 | saris Thank you. I usually see people coming to the Twitter to tell me the volume is really low. I don't know. I don't know what to do to make it louder |
| 6 | 00:06:01,380 --> 00:06:08,280 | except for tell you to turn your device up. I don't know what else to do. Everything I have ever hear is that the highest volume |
| 7 | 00:06:14,700 --> 00:06:29,730 | so I've been mentioning throughout this week that I like the 41 04 level 41 Zero 4.7 fives, specifically as an upside drawl, if we got enemies to the upside. |
| 8 | 00:06:35,940 --> 00:06:53,850 | So far we've had price come down into our new day opening gap, which is over here. Maximize a chart says the close at five o'clock and then we open up at |
| 9 | 00:06:53,850 --> 00:07:09,300 | six. That gap is the new day opening gap. So you won't have that on your charts. It's going to act much like a new week opening gap and the opening range gala |
| 10 | 00:07:09,300 --> 00:07:16,110 | which is where we close when the bell rings at four o'clock New York time that at this level is here |
| 11 | 00:07:21,750 --> 00:07:37,230 | so it's basically the midpoint consequent curtailment of The New Day opening gap. That started last evening, my local time pressure rally took out by side, |
| 12 | 00:07:38,070 --> 00:07:44,700 | three back down consequent quarter of new week opening gap. That's actually a typo isn't it? |
| 13 | 00:07:55,050 --> 00:08:05,220 | And this is not the present new week opening gap. It's an old new week opening gap. And then the opening range gap high which is the opening price at 930. |
| 14 | 00:08:05,640 --> 00:08:15,690 | Yesterday I made a mistake and I had that actually set at nine o'clock because I was busy talking so I was trying to have all these things set up before I began |
| 15 | 00:08:15,690 --> 00:08:35,040 | my stream so next week begins what many called Easter. I don't call it Easter. To me it's Passover. But no, I'm not Jewish. I get a lot of questions about |
| 16 | 00:08:35,040 --> 00:08:52,590 | that. But I do observe it. So I'm looking to see if we expand up into that 41 Zero 4.75 in the animation only upside takes us into 4115 41 19.5. |
| 17 | 00:09:00,330 --> 00:09:15,690 | We've been one sided all this week since Tuesday. So it'll be interesting to see how they close this trading week going into the holiday week next week. I will |
| 18 | 00:09:15,690 --> 00:09:28,320 | not be doing any Twitter. No YouTube. No. Anything with social media. I'll be completely away from all social media. no emails, no old students |
| 19 | 00:09:28,350 --> 00:09:44,760 | correspondence, nothing. Okay, so I'm just resting and I'm celebrating observing the Passover. So this morning, what we're looking for is an opportunity to |
| 20 | 00:09:44,760 --> 00:09:56,520 | observe between 10 o'clock and 11 o'clock to see if we can get a silver bullet setup. And I'll walk you through it as we enter the 10 o'clock hour right now |
| 21 | 00:09:56,520 --> 00:10:02,790 | we're just waiting for price to Mark time until we get into that hour |
| 22 | 00:10:18,990 --> 00:10:25,260 | to volume imbalance written here, we're looking at a four minute chart by the way, just toggling through. |
| 23 | 00:10:58,290 --> 00:11:10,710 | See where I'm anchored 930 opening price, the opening range gap Hi. Do you have to be careful when you have price action like this where we've already pressed |
| 24 | 00:11:10,710 --> 00:11:24,120 | up every night, we create a run here at the 30 news. We pushed above it with this high, we create another swing high above that one. And now we create |
| 25 | 00:11:24,120 --> 00:11:34,320 | another high above that one. So you got to be real careful on a Friday where the markets been one sided. Even though I like 41 04 and three quarters, we could |
| 26 | 00:11:34,320 --> 00:11:47,670 | see some kind of move lower in here that would be attacking some measure of sell side near term sell side would be right below this lower in here. |
| 27 | 00:12:11,130 --> 00:12:25,770 | Looking at Dollar Index. And looks like we could see run 210 2.25 Their sell side resting below that that gives allowance for further upside on ES. So short |
| 28 | 00:12:25,770 --> 00:12:43,470 | term risk on scenario. I like how Dollar index on the five minute chart to use TradingView. It's the x y. And your symbol, the Sasana balanced by Simon |
| 29 | 00:12:43,470 --> 00:12:59,100 | efficiency the Big Five Minute down closed candle at 830. We came back up into that at the 905 and 910. Candle. And we had been heavy since then sort of |
| 30 | 00:12:59,100 --> 00:13:13,170 | trading software from one point, I'm sorry, one, zero. So aside wrestling rates right at around one or 2.25. That level is what I'm watching to see if we get |
| 31 | 00:13:13,170 --> 00:13:22,200 | any further animation. If it's just like goes below it and then rejects it. That's gonna be problematic for continuation on the upside for us this morning. |
| 32 | 00:13:23,070 --> 00:13:40,080 | But if we just wash out the one or 2.25 level and just careens towards the one or 215 one or 210 level we could see north of 4104 on ES. |
| 33 | 00:13:45,360 --> 00:13:58,470 | Again, focus is the setup that forms between 10 o'clock and 11 o'clock, four or five handle run something that I teach my students to start with. Begin there. |
| 34 | 00:13:58,830 --> 00:14:12,510 | Don't try to hit homeruns. In this price action, even though it's respecting levels that I teach, it's a little wonky this morning meaning for those people |
| 35 | 00:14:12,510 --> 00:14:20,580 | who are not familiar with English slang it's not really pretty. It's not real nice |
| 36 | 00:14:26,340 --> 00:14:35,520 | this entire week, it's been a little wonky in my opinion. So if you had a little bit difficulty this week, it's okay you're in good company. Most everybody else |
| 37 | 00:14:35,520 --> 00:14:36,420 | had the same feeling |
| 38 | 00:14:42,960 --> 00:14:54,930 | while we're waiting for the 10 o'clock hour to to begin start hunting our Faraday get set up there will be a silver bullet you're probably wondering what |
| 39 | 00:14:54,930 --> 00:15:03,900 | am I gonna be doing next week and you're running bets right now. He's gonna do a space he's gonna tweak it I won't, and you will lose that, that I won't even |
| 40 | 00:15:03,900 --> 00:15:17,670 | know what's going on, I am going to look at YouTube. And I am going to look at any social media whatsoever. be reading the Bible study, and friends and family |
| 41 | 00:15:17,700 --> 00:15:36,600 | and we're traveling, so we won't be connected to the internet, per se. My cell phone will be off in my drawer. So I won't have any kind of enticement to look |
| 42 | 00:15:36,600 --> 00:15:47,310 | at anything social media. Now, that doesn't remove the tick tock onslaught that my wife likes to show him. Look at this. Look at this |
| 43 | 00:15:52,530 --> 00:15:57,780 | the dollar index is still gravitating towards that one or 2.25 cell side on a five minute chart |
| 44 | 00:16:03,480 --> 00:16:23,670 | it has a little bit let me see. As sellside resting below one wanna 210 So if we enemy on the downside $1 index, that could be like, a little bit of a injection |
| 45 | 00:16:23,670 --> 00:16:33,810 | of strength to the upside for ES getting that 40 winning 4.75 level and how we trade to it and how we trade once we trade it is what I'm watching. |
| 46 | 00:16:51,750 --> 00:17:05,730 | But those of you are wondering, Where's the 41? Zero 4.75 level? Where am I getting that from? If you pull up your daily chart, for ES m two, zero to three |
| 47 | 00:17:05,730 --> 00:17:21,750 | on TradingView. You go to an hourly, time for incomes on a daily chart, I'm sorry, I apologize. The daily chart of ES on March 6 of 2023. There is a premium |
| 48 | 00:17:21,750 --> 00:17:33,870 | like it means it's the wick that's above the candle. split that in half. And you'll be able to see that there's consequent encroachment. And give me a moment |
| 49 | 00:17:33,870 --> 00:17:44,310 | to find that yourself then I'll show you don't be lazy, just wait for me to do it. You have to learn how to do this yourself. There is no indicator that plots |
| 50 | 00:17:44,310 --> 00:17:52,380 | this stuff down here. By the way, I do everything old school, I like everything typed out. I like that I don't want an indicator to plot that stuff for me. |
| 51 | 00:18:04,590 --> 00:18:17,430 | The levels are really written on my quizzes. This is the secret game. It's a notepad all the levels that I am interested in all the ones it's noted on this |
| 52 | 00:18:17,430 --> 00:18:30,150 | chart here, I have them in numerical format just in the order to the importance. And when I start the day, I write down the opening price in relationship to the |
| 53 | 00:18:30,150 --> 00:18:41,880 | hierarchy of all these price levels here. So at some point, once you understand what you're looking for, you really don't need a chart. You can just trade off |
| 54 | 00:18:41,880 --> 00:18:53,130 | of quotes coming to you. I don't advise you do that. Because if you're new you don't know what you're doing. But when you understand time you can trade just |
| 55 | 00:18:53,130 --> 00:18:53,760 | off of that |
| 56 | 00:19:07,830 --> 00:19:20,970 | okay, so far Dollar Index hasn't really made its way into that one or 225 level just yet. Might be wanting to rebalance that little area that's created on the |
| 57 | 00:19:20,970 --> 00:19:38,070 | most recent five minute candlestick that we're now forming after SolidWorks. That little tiny little space on the 955 Minute candle on DX y up to the low of |
| 58 | 00:19:38,070 --> 00:19:55,680 | the previous candle. If I made a candle at 945 with a low of one or 2.29 It would be nice to see that small little gap that's still there, remain there. And |
| 59 | 00:19:55,680 --> 00:20:07,080 | then animations or dams on I'd like to See one or 210 breached and get below one or two for dollar just so you know I'm not trying to pick the top one yes |
| 60 | 00:20:18,449 --> 00:20:35,129 | I think the afternoon session today from 230 to four we're probably very busy menial pricey a lot of nice price swings letting you live stream that because I |
| 61 | 00:20:35,129 --> 00:20:43,589 | have a wife that tells me that she needs my attention on her and family at specific times and she's calling the shots on that |
| 62 | 00:20:51,300 --> 00:20:59,850 | okay, what's your dollar digging into that one to 25 sell side now |
| 63 | 00:21:38,940 --> 00:21:40,140 | Ted Turner one |
| 64 | 00:21:59,070 --> 00:22:16,290 | just one underneath the low on that five minute candlestick For Sale sign on DX Why did not get any kind of expansion below it. So it's only one went below it. |
| 65 | 00:22:19,410 --> 00:22:21,840 | Very small, up below |
| 66 | 00:22:26,910 --> 00:22:33,300 | we're back inside that little gap I mentioned. What's the one or two 20 million level $1? |
| 67 | 00:22:47,579 --> 00:22:57,659 | So far, everything's a green on that higher high for the three indices, NASDAQ confirms the higher high. Dow has confirmed a higher high. So I'll cycle through |
| 68 | 00:22:57,659 --> 00:23:08,099 | those right now. So we can see it. Right, yes, right now on a one minute chart. So what we're looking at is the relationship comparatively, respectively. With |
| 69 | 00:23:08,099 --> 00:23:20,879 | these higher highs here. We'll look at NASDAQ first. Okay, you see that higher highs there, and the Dow oops. |
| 70 | 00:23:26,099 --> 00:23:45,479 | and higher highs in the Dow. So we haven't had any kind of indication of waning sponsorship across all the three indices. Again, we don't try to pick tops. Now, |
| 71 | 00:23:46,799 --> 00:23:59,159 | when I'm looking at price like this, and pretty much this entire week really see all the give and take back and forth in here. See how it's back and forth back |
| 72 | 00:23:59,159 --> 00:24:08,579 | and forth, but still gravitating towards levels that we can anticipate seeing and traded to. But it doesn't give us a real clean area of this is where I would |
| 73 | 00:24:08,579 --> 00:24:22,109 | like to enter. This is a very low risk, high probability entry. When I see price action like this, I refer to it as being spotty. Okay, it's a little too messy. |
| 74 | 00:24:22,169 --> 00:24:32,729 | It's not precise. It's not allowing for precision. And it may have a hallmark of going to levels that we talked about and what I've been referring to all this |
| 75 | 00:24:32,729 --> 00:24:42,239 | week. But just because it goes to that level doesn't mean that it's offered us a lot or at least me let me speak in personal terms. It hasn't offered me a whole |
| 76 | 00:24:42,239 --> 00:24:52,799 | lot of precise entry points this week. So when it's like that, you have to be very patient don't demand a whole lot because the market is going to do what |
| 77 | 00:24:52,799 --> 00:25:00,779 | it's going to do regardless. And if it's not presenting it to you in a manner that is very obvious where it's one sided. You can call really see the |
| 78 | 00:25:00,779 --> 00:25:10,979 | efficiency, you can clearly see a run on stops, and then expect it to go the other direction. I don't I haven't seen that much of that this week. So like I |
| 79 | 00:25:10,979 --> 00:25:23,939 | said, if you've been studying it, looking at it, or trying to paper trade or whatever, and you've had adversities that you feel that are not common, it's |
| 80 | 00:25:23,939 --> 00:25:34,529 | because of what I'm outlining here. It's it's been a very difficult week for price delivery is real spotty, it's real. Just messy. |
| 81 | 00:25:50,670 --> 00:26:03,360 | Okay, dollars gonna need to make its lower lows in here, it's going to do it. Otherwise wouldn't bang inside that one or 225, one or 241 range, five minute |
| 82 | 00:26:03,360 --> 00:26:14,730 | chart respectively. I don't like this, see how you can draw an imaginary trendline diagonal support. I don't like that at all. |
| 83 | 00:26:21,000 --> 00:26:34,770 | When lines look real clean like that. I don't I don't like that. Meaning that it could easily just spike down in here and upset that smoothness that would be |
| 84 | 00:26:34,770 --> 00:26:38,130 | considered diagonal support, which I don't have any faith in. |
| 85 | 00:26:48,750 --> 00:27:02,010 | So I already know that this 10 o'clock 11 o'clock hour is going to be formidable in terms of finding the silver bullet setup. But I'm committed to spend the |
| 86 | 00:27:02,010 --> 00:27:12,540 | entire hour with you an outline and as I see it, okay. Do not push the button. Don't copy it, don't try to go in and do something with your Live account or |
| 87 | 00:27:12,540 --> 00:27:15,720 | your funded account or your challenge that you want to be your combine. |
| 88 | 00:27:23,519 --> 00:27:37,559 | So I'm looking across like forex pairs to see if I get a better read on risk on risk off. Eurodollar has a little bit of buy side on the five minute chart, just |
| 89 | 00:27:37,559 --> 00:27:54,749 | about 108 95. It's got real close to cleaning up that five o'clock in the morning, short term high POUND DOLLAR. It's a bit of a mess on that one. What, |
| 90 | 00:27:55,199 --> 00:28:11,129 | what's our 1.24 Even, there's buyside there. So if we can get that one or 225 to give up the ghost on dollar, those those areas could be traded to it's not much |
| 91 | 00:28:11,129 --> 00:28:17,009 | of a range admittedly, but that's our seat on the Forex front |
| 92 | 00:28:24,269 --> 00:28:38,159 | the Dow looks really and I'm gonna be very careful saying this, but it looks very tabi looks very like it's run out of steam on the upside. But you got to be |
| 93 | 00:28:38,159 --> 00:28:48,359 | careful on days like this because you can still pump up there and usually make it a larger extension to the upside where it just you don't expect a big range |
| 94 | 00:28:48,449 --> 00:28:54,539 | move come on in delivery. We're kind of just railroad you |
| 95 | 00:28:59,640 --> 00:29:07,560 | Dollar Index trying for that one or 225 level to watch that out more prominently. |
| 96 | 00:29:15,090 --> 00:29:28,230 | Don't know what the like the membership level for trading view that you need to have ticket to charts side by side. I don't know offhand what that is because I |
| 97 | 00:29:28,230 --> 00:29:35,580 | have the highest form of whatever they offer. So I don't know and I don't get any kind of kickback. I'm not trying to tell you to buy anything from trading |
| 98 | 00:29:35,580 --> 00:29:49,770 | view. But it would be advantageous for you to have $1 index chart and the chart you're watching whatever market that would be. If it's a forex pair, it still |
| 99 | 00:29:49,770 --> 00:30:00,720 | works. If it's an indicee like es that we're focusing on that we can measure real time the relationships with risk on risk off every Got to get that last |
| 100 | 00:30:00,720 --> 00:30:11,490 | shot on the south side we're looking for for dollar index. So really this should be having a run above that one or four. One ES |
| 101 | 00:30:17,190 --> 00:30:19,740 | and there's the Euro dollar running into the buyside. I mentioned |
| 102 | 00:30:25,740 --> 00:30:40,140 | cable still hanging around and trying to do much at all so far. Yes. It looks like he wants to upset that trendline I was talking about trendline? |
| 103 | 00:31:03,480 --> 00:31:06,810 | Tough read in terms of trying to do an execution, let's put it that way. |
| 104 | 00:31:13,559 --> 00:31:24,329 | So the first question now that we're in 10 o'clock hour is, where is the draw? Where do we want to see it, repriced, to. Because without that, we're like a |
| 105 | 00:31:24,569 --> 00:31:42,959 | sail boat. Without a rudder, you won't have any, any way of navigation will just be at the mercy of the tide of or current. And admittedly, nothing at the moment |
| 106 | 00:31:42,959 --> 00:31:59,669 | really jumps off the chart to me, which is one of the reasons why I said moments ago that this is going to be a difficult one for me. But natality sometimes. So |
| 107 | 00:31:59,669 --> 00:32:08,699 | we had that wick on Dollar Index, watch the wick on financial, you're gonna get consequent encroachment on the 3am candle. slip that in half, we're trading |
| 108 | 00:32:08,699 --> 00:32:31,709 | there now. And any animation to the downside gravitates towards one or two point 10 And then the sell side resting below below it. One or 2.04. So now think |
| 109 | 00:32:31,709 --> 00:32:47,249 | about like this. And all this movement here in price. There's really no inefficiencies in here to operate off of each new highs been posting a new high, |
| 110 | 00:32:47,459 --> 00:32:59,159 | and then pulling back down into the range. For no purpose that makes sense to me looking at the chart. And where do you go in? And this is the internal dialogue |
| 111 | 00:32:59,159 --> 00:33:11,249 | I'm holding right now with myself. Where do I go in and then frame the risk? That where would my stock need to be? I can't, I can't define it where it's low |
| 112 | 00:33:11,249 --> 00:33:20,969 | probability, I'm sorry, high probability, low risk when everything really is low probability and high risk. So I can't define anything yet. And we still it's |
| 113 | 00:33:20,969 --> 00:33:32,129 | still early, it's only 13 minutes in the 10 o'clock hour. So it has to be obvious, it has to be absolutely obvious as the wood it wants to reach for which |
| 114 | 00:33:32,249 --> 00:33:42,809 | right now, the only liquidity in reason the draw higher. Is there consequent encouragement of the daily chart on March 6, it doesn't need to go there. I just |
| 115 | 00:33:43,079 --> 00:33:55,709 | see that as a potential upside still that has yet to be traded to if the dollar index, I'm sorry, if the dollar index rejects going lower and has something |
| 116 | 00:33:55,709 --> 00:34:09,089 | that's bullish in here that says no, we're not going to go lower. And we have displacement here lower on es then I would look for an opportunity to draw down |
| 117 | 00:34:09,089 --> 00:34:21,479 | into the opening range gap high which is the opening price to stripping everything aside gun to my head if we can't go higher ups. Okay, so posted the |
| 118 | 00:34:21,479 --> 00:34:33,689 | argument for looking for a short not that there is one yet. But if we displace lower and create a fair value gap in here that could set the stage for a short |
| 119 | 00:34:33,689 --> 00:34:43,889 | to whatever Faraday got. If there is one, we don't have that yet. That will trade down into the opening price at 930 which is this price right here. For |
| 120 | 00:34:43,889 --> 00:34:45,239 | 09 0.25. |
| 121 | 00:34:52,320 --> 00:35:04,110 | See what it's done. trades down below, trades down below that trades down below that no follow through Nothing in here. That's an imbalance. There's no |
| 122 | 00:35:04,110 --> 00:35:15,810 | inefficiencies at all. So it's hard to come to a determination of, it's obviously going to go higher, it's obviously going to go lower in the argument |
| 123 | 00:35:15,810 --> 00:35:25,560 | that it's one sided. I can't do that. And these are my concepts. So I can't do that with what we're looking at here. So the market has to do something in the |
| 124 | 00:35:25,560 --> 00:35:34,290 | form of displacement, where it just shows like it tips its hand to you. It hasn't done so yet. So you have to be very patient. And knowing what you're |
| 125 | 00:35:34,290 --> 00:35:42,570 | looking for, makes it easier to wait. But when you don't know what you're waiting for, you're afraid that something's gonna jump off the chart, and run |
| 126 | 00:35:42,570 --> 00:35:50,760 | away. But you won't be able to see that coming as a new student or a new trader. And that's why new traders Chase price, because they don't know what they're |
| 127 | 00:35:50,760 --> 00:36:00,750 | looking for or waiting for. So this dogpiling on a move that's already underway. And they don't know where to put their stop loss. Or they don't use a stop loss |
| 128 | 00:36:00,990 --> 00:36:09,810 | in any realistic retracement in the initial run will scare them out. And then when they get out of it, or get stopped out because they're pushing their stop |
| 129 | 00:36:09,810 --> 00:36:17,430 | loss too close to the marketplace, then it will move in their favor. And there they are. They're they're upset because they didn't know what they're looking |
| 130 | 00:36:17,430 --> 00:36:26,400 | for their fear of missing out overtakes them. And they're reacting to price, which is what we don't want to be doing. We're anticipating, we're looking for |
| 131 | 00:36:26,400 --> 00:36:34,950 | something that we understand, was likely to form between 10 o'clock and 11 o'clock, it needs to be one sided, it needs to have an obvious reason to go one |
| 132 | 00:36:34,950 --> 00:36:54,060 | direction or the other. So far, we've not seen the dollar index, continue lower, below that 3am low. We do have small little city that it's working inside of on |
| 133 | 00:36:54,390 --> 00:36:59,250 | the five minute Dixie or dollar chart, that candles the 1005. |
| 134 | 00:37:14,310 --> 00:37:28,860 | So part of this year's mentorship by putting you in these conditions and watching price, when it's not easy. It's helpful, even though you may feel like |
| 135 | 00:37:28,860 --> 00:37:38,850 | it's counterproductive. It's very helpful to you to get a baseline understanding about what it's like when you don't really want to be trading. These are the |
| 136 | 00:37:38,850 --> 00:37:45,840 | environments, these are the conditions, you don't want to push it. But I promise you, if you go back and look at your losing trades, or where you learn, you've |
| 137 | 00:37:45,840 --> 00:37:57,030 | lost your account. It's when it's like this and you just toss in through a mental breakdown and psychological fatigue, of just waiting for something to |
| 138 | 00:37:57,030 --> 00:38:05,040 | happen. That's what happens when you push that button. What's gonna happen if I push the button and enter right here, I might get lucky. And you start trading |
| 139 | 00:38:05,040 --> 00:38:07,410 | with a lottery mindset. That's gambling. |
| 140 | 00:38:16,260 --> 00:38:23,940 | So it has to make sense it has to be in the chart, clearly one sided, or you don't push the button. And if something happens in the market moves, and you |
| 141 | 00:38:23,940 --> 00:38:36,330 | weren't part of it, it's okay. It's okay. It moved this morning at 830. Without me, it moves overnight. Again, without me most of this entire weekly range. Even |
| 142 | 00:38:36,330 --> 00:38:50,790 | though I was looking for high prices, it moved without me. I didn't have an area where I can really engage well with it. So moves without me. You have to give |
| 143 | 00:38:50,790 --> 00:39:00,030 | yourself permission to be on the sidelines. Sometimes when the market moves, you can't be in every price swing, you have to sleep, you have to demand the market |
| 144 | 00:39:00,030 --> 00:39:11,790 | is going to provide provide you rather a setup that's clean. It has to make sense logically within the context of your model. It has to make sense from a |
| 145 | 00:39:11,790 --> 00:39:21,300 | risk standpoint. You have to be able to frame the risk in arguing the other side of the trade is a difficult task if you can argue both sides, which is what |
| 146 | 00:39:21,300 --> 00:39:32,280 | we're saying essentially here because it hasn't done anything in this choppiness here he could still go up and hit the one Oh 4.75 level which is consequence |
| 147 | 00:39:32,280 --> 00:39:40,770 | management of March 6 daily candle premium wick so half of the wick that's at that level is here. And I said I would show you that I apologize |
| 148 | 00:39:50,340 --> 00:39:51,390 | that's that wick right here |
| 149 | 00:39:58,260 --> 00:40:07,140 | there's March 6 That wick. When it's above the candle, it's a premium wick when it's below the candle. Yes, I understand this referred to as a tail. But it's a |
| 150 | 00:40:07,140 --> 00:40:15,930 | discount which, in my vocabulary that way, when you're hearing me or seeing things referred to on Twitter, that's what I'm talking about premium wicks are |
| 151 | 00:40:15,960 --> 00:40:19,590 | above the body. Discount wicks are below the body. |
| 152 | 00:40:37,740 --> 00:40:49,740 | Some my question to you is this insincerely. Think about this, okay? I'm not trying to be facetious. Looking at this price action right here, right now, does |
| 153 | 00:40:49,770 --> 00:40:58,800 | anything in this inspire action on your part? And I'm not talking about impatience or gambling, the impulsiveness that just get in there and do it? |
| 154 | 00:40:58,950 --> 00:41:08,220 | Because some of you are thinking, I'm probably gonna be right about that for one, zero 4.75. So why not is by here and get five handles of a run? Okay, it's |
| 155 | 00:41:08,220 --> 00:41:17,070 | if you want to do that, where are you framing your risk, where as a stoploss gonna be. Because I don't know where I would be putting that and feel like it's |
| 156 | 00:41:17,070 --> 00:41:25,830 | safe in that the static price action that we're seeing back and forth. This is spotty price action to me, okay, it's just back and forth. It's not trying to |
| 157 | 00:41:25,830 --> 00:41:35,880 | get anywhere in a hurry, which is one of the hallmarks This is a signature, to what I'm trying to trade. All the examples when you see me recording them and |
| 158 | 00:41:36,060 --> 00:41:45,750 | getting involved in his price moves and pyramiding. And building positions up larger, six contracts, three contracts, one contract, building up and then it |
| 159 | 00:41:45,750 --> 00:41:57,720 | goes to my targets, and it quickly runs down here. You're not seeing that in this price action. And you're hearing me explain why it's not likely to be that |
| 160 | 00:41:57,720 --> 00:42:10,350 | type of trade, it's not likely to be that kind of session. Yet. All that can change in an instant, all it needs to deal with this place. Dollar Index has |
| 161 | 00:42:10,500 --> 00:42:21,630 | failed to go lower. We're in an area right now where it could revisit the equilibrium of the range that has been formed on dollars five minute chart, if |
| 162 | 00:42:21,630 --> 00:42:38,490 | you look at the high at 910 to the low that was formed at 1010. That range split that in half the equilibrium of that range. I'll tell you what the prices is one |
| 163 | 00:42:38,490 --> 00:42:54,180 | or 2.296. So if it starts to move above that, that's problematic for initial upside for ETS, and that means that we could potentially have a am session in |
| 164 | 00:42:54,180 --> 00:43:04,230 | return high here. Displacement lower that creates a fair value gap. I would feel confident that we would then at that time, trade to the opening range gap pi |
| 165 | 00:43:04,230 --> 00:43:14,010 | which is the 930 opening price. This candles opening price. So you can watch that right here see this upper upper left hand corner. Oh as the opening price |
| 166 | 00:43:14,880 --> 00:43:29,610 | on this candle. That opening price is 409 0.25. So if dollar can manage to get above one or two point what is called winning 2.30 If it starts to move above |
| 167 | 00:43:29,610 --> 00:43:40,230 | that that's problematic on continuation on the upside for ES we would wait SUBMIT ourselves the time and wait for a displacement lower and if there's a |
| 168 | 00:43:40,230 --> 00:43:52,260 | fair that I get, that's what I'm looking for that move otherwise, I'm sitting still because it might just want to spike up in it up 41 Oh 4.75 And then I have |
| 169 | 00:43:52,260 --> 00:43:53,340 | to wait for more information |
| 170 | 00:44:04,830 --> 00:44:05,640 | this |
| 171 | 00:44:05,699 --> 00:44:19,799 | type of price action is what I expect on the week like next week that this is this is typical of what to expect during those types of holidays. You might not |
| 172 | 00:44:19,799 --> 00:44:22,769 | celebrate it but a lot of big money does. |
| 173 | 00:44:29,219 --> 00:44:41,159 | You'll probably see some wonky price action next week as well. And you probably might see several price action moves that are just amazing. It's okay. They'll |
| 174 | 00:44:41,159 --> 00:44:42,059 | be there when I come back |
| 175 | 00:44:50,130 --> 00:45:00,090 | first live stream after today will be April 11. So no live streams prior to that. The |
| 176 | 00:45:15,509 --> 00:45:31,709 | dollar index is just underneath that one or 230 level as I mentioned anything above that that's problematic for ies going higher your dollars rejecting it's |
| 177 | 00:45:31,709 --> 00:45:47,969 | one or nine big figure in cable just never join the party on the upside so even this I don't see anything I could work with for forex either |
| 178 | 00:45:58,469 --> 00:46:01,259 | let's cycle through the indices |
| 179 | 00:46:06,870 --> 00:46:14,910 | and the I guess this is one of those times when people that do live streaming all the time, this is probably where they feel the impulsiveness to feel like |
| 180 | 00:46:14,910 --> 00:46:23,130 | they have to do something for their audience. Whereas myself, I don't care if you're bored or you watch the stream and nothing happens because that's the real |
| 181 | 00:46:23,130 --> 00:46:32,010 | world you're gonna have times when you have a model when you know what you're looking for. You're just going to wait for the model that is take the same thing |
| 182 | 00:46:34,410 --> 00:46:55,770 | talking and doing things on this is something that's outside the scope of my skill set apparently. Again, welcome to bubble gum so that's likely in somewhat |
| 183 | 00:46:55,770 --> 00:46:57,090 | of an imbalance still in here |
| 184 | 00:47:02,310 --> 00:47:06,210 | looking at the dow by the way, so women chart |
| 185 | 00:47:14,070 --> 00:47:19,650 | would need to stay above that area there that's a mitigation block by the way. |
| 186 | 00:47:39,239 --> 00:47:55,049 | Knowing when to sit still, there is a skill set that is priceless. You can't put a price tag on that knowing when to sit still. So Dollar Index is traded above |
| 187 | 00:47:55,049 --> 00:48:06,299 | that equilibrium price point I told you about that will be problematic. So we're watching ES to see if it shunts that 41 to four levels per now in wants to go |
| 188 | 00:48:06,299 --> 00:48:10,169 | lower or does it spike up there and reject it and then reprice lower |
| 189 | 00:48:15,420 --> 00:48:25,320 | their short term by side risk thing right above here so they could be coming up there bumping that and it hit the 41 04 and three quarters what's consequent |
| 190 | 00:48:25,320 --> 00:48:28,470 | parchment of the wick on March 6 daily candle |
| 191 | 00:48:33,960 --> 00:48:44,040 | British Pound versus US dollar has moved lower 20 handles 20 pips 20 pips apologize |
| 192 | 00:48:51,150 --> 00:48:54,900 | just in striking distance on it 41 Zero 4.75 level. |
| 193 | 00:49:48,570 --> 00:49:57,300 | Dollar is still expanding to the upside. So this is in my opinion is a suspect rally, meaning that it's probably just bumping the buy side and potentially |
| 194 | 00:49:57,300 --> 00:50:03,300 | rejection still given up only for 41 04 to be traded to |
| 195 | 00:50:13,830 --> 00:50:24,540 | so even though that the market is being very fickle right now to go meaning that is just not cooperating allowing really nice clean price runs and setups we can |
| 196 | 00:50:24,540 --> 00:50:39,810 | see like I mentioned on the dollar index how that's likely pull up and forex offered 20 pips on both the euro and cable you yes it's just being stubborn |
| 197 | 00:50:39,810 --> 00:50:40,170 | still |
| 198 | 00:50:46,050 --> 00:50:58,200 | there's that buyside just pumped into that so this is halfway decent so far if we can break down below that and not get crazy on the downside we can use this |
| 199 | 00:50:58,200 --> 00:51:10,200 | as a breaker so we would have high low higher high taking out by side so East these two candles here we would extend that out in futures a rectangle and then |
| 200 | 00:51:10,200 --> 00:51:14,550 | we would see maybe offer resistance there but I wouldn't need to trade below to do so |
| 201 | 00:51:42,719 --> 00:52:01,169 | now if the dollar was to just completely lose where it's at right now go lower that's 4119 level on yes that would be something by side here by sundown sauce |
| 202 | 00:52:01,169 --> 00:52:15,839 | on efficiency shift in market structure even though 4104 I like if we trade through that up here the shaded area by the way which we probably won't what is |
| 203 | 00:52:15,839 --> 00:52:23,039 | that the shaded area is a volume imbalance on the daily chart and this is the march 6 Time daily high |
| 204 | 00:52:38,820 --> 00:52:51,840 | problem with this one this is we have to dow lagging which it can keep on I told you it would need to stay above here if it's gonna be bought the trades below |
| 205 | 00:52:51,840 --> 00:53:02,580 | that would be weak NASDAQ higher you es |
| 206 | 00:53:16,380 --> 00:53:17,250 | Byman balance |
| 207 | 00:53:37,260 --> 00:53:39,000 | different platforms different rules |
| 208 | 00:54:19,350 --> 00:54:25,110 | off that volume balance and a run on |
| 209 | 00:54:30,630 --> 00:54:48,390 | that 41 08 and a half that level of their off the volume of balance that's just just underneath will be five handles. If you're using that to find that balance |
| 210 | 00:54:56,190 --> 00:54:59,940 | I'm looking at Dollar Index to see if it wants to slip hard here. Lower |
| 211 | 00:55:26,730 --> 00:55:33,300 | NASDAQ is leading the way on the upside vs and Dow are lagging. |
| 212 | 00:55:58,110 --> 00:56:03,870 | See 41410 850 complaint |
| 213 | 00:56:14,219 --> 00:56:32,609 | Dollar Index is still consolidating Euro slipping lower POUND DOLLAR slipping lower we have a mixed bag this morning NASDAQ just ripped up higher. Dallas |
| 214 | 00:56:32,609 --> 00:56:45,449 | still failed to make a higher high respectively. I'm gonna see if we looked at 41 08 50 level before I toggle to a different screen and dollar still trying to |
| 215 | 00:56:45,449 --> 00:56:51,029 | move higher while this is pressing into new highs a day not a good thing |
| 216 | 00:57:01,380 --> 00:57:02,460 | cycled through real quick |
| 217 | 00:57:07,980 --> 00:57:08,580 | lower high |
| 218 | 00:57:14,370 --> 00:57:28,440 | higher high leader among the averages. So it's more strong, stronger than the other two Dallin Yes, respectively, then here's ES. So ES has hit our 41 Zero |
| 219 | 00:57:28,440 --> 00:57:42,450 | 4.75 level went above it a little bit. Dollar has not went lower. And Tao is slipping with a lower high |
| 220 | 00:57:47,699 --> 00:57:52,529 | lots of stops have been drilled up to here now. So we now have sellside resting below there. |
| 221 | 00:58:25,889 --> 00:58:38,849 | Imagine overnight, logs. They wrote out the rally here. Just thought would have been trouble up here. And then here, all this consolidation in here. They see |
| 222 | 00:58:38,849 --> 00:58:49,979 | that as support. So they're going to run her cell side for cell stops resting right below that and hoping to catch further upside. So there's lots of |
| 223 | 00:58:50,819 --> 00:59:00,179 | liquidity resting right here. I don't need to book map or heat map or whatever that gimmick stuff. Other people might use it to see where liquidity may reside. |
| 224 | 00:59:00,869 --> 00:59:13,829 | You can see it in the narrative of price delivery. It's basically price action one on one, you don't need a tool to have additional attention spent the one you |
| 225 | 00:59:13,829 --> 00:59:21,149 | gotta keep your eye on price action. If you're looking at anything else that would take your attention away from the open high, low and closed in the |
| 226 | 00:59:21,149 --> 00:59:32,009 | delivery of price. You're diluting your attention and your focus in that small little micro fraction of a distraction is just enough for you that missed the |
| 227 | 00:59:32,009 --> 00:59:46,919 | entry and then be upset that you missed your entry. It completely has a horrible effect on the day's performance, even if you remains to be profitable after |
| 228 | 00:59:46,919 --> 00:59:52,739 | that. 1040 |
| 229 | 01:00:08,909 --> 01:00:23,309 | Dallas is not supporting me this upside. Now if that was once I go for another higher high dollar index is not helping at all. It's just hanging around at |
| 230 | 01:00:23,309 --> 01:00:39,629 | equilibrium or above it rather have that five minute dealing arrangements morning session apart from the dollar uncertainty apart from the dollar, not |
| 231 | 01:00:39,629 --> 01:00:52,649 | helping much here in the Dow being in the laggard, this would be the setup from here up into the 4108 and a half in the volume unbalanced supporting here. So, |
| 232 | 01:00:52,649 --> 01:01:00,629 | while that's not a fair value, that would be supporting it, but I don't have to the Dow behind me I don't have the dollar index. So that makes this a very low |
| 233 | 01:01:00,629 --> 01:01:03,689 | probability setup but we'll watch it nonetheless |
| 234 | 01:01:20,699 --> 01:01:22,289 | Yes, that's higher high |
| 235 | 01:01:28,440 --> 01:01:37,890 | or high their BS is yet to make the higher high in Dow still a laggard. |
| 236 | 01:01:43,889 --> 01:01:55,079 | So if you are of the mindset that you just want to get one chart, and not have any kind of inter market analysis that would support or negate an idea that you |
| 237 | 01:01:55,079 --> 01:02:06,179 | may be looking to participate in, in my opinion, this is all that it is it doesn't mean I'm right. But I think that you should always try to weigh out your |
| 238 | 01:02:06,179 --> 01:02:17,609 | trade idea with other markets because it'll help filter out opportunities that may not be as high probability meaning that in a perfect world in a symmetrical |
| 239 | 01:02:17,609 --> 01:02:31,949 | market, as I call it, excuse me the the advancing on es going higher off of the by side of balance here and the volume imbalance here would be best supported |
| 240 | 01:02:31,949 --> 01:02:42,629 | with a lower dollar it should be moving lower on when it's five minute chart the NASDAQ has already shown a willingness to make a higher high the Dow has not |
| 241 | 01:02:42,629 --> 01:02:50,399 | made a higher high so we would want to see the Dow really try to catch up and go higher in that would provide more fuel to ES going higher. |
| 242 | 01:03:15,000 --> 01:03:18,960 | Now right in here, see this little small gap right there |
| 243 | 01:03:46,260 --> 01:03:59,550 | that's one the next PD array would be the high in the third one is the volume imbalance. So with that in mind, if this was going to go higher, make a higher |
| 244 | 01:03:59,550 --> 01:04:13,920 | high like NASDAQ did the Dow would have to climb higher in the volume and bounce down here would be the last line of defense for that idea. So you have one PD |
| 245 | 01:04:13,920 --> 01:04:24,930 | array to below that to the volume imbalance. You wouldn't be incorrect if you said the consequent courtroom or the wick two instead of the volume imbalance |
| 246 | 01:04:25,530 --> 01:04:39,090 | either or, but I would prefer to see price remain above the volume imbalance if it's gonna go higher to 4108 to 4110. And ultimately, if the bow could turn |
| 247 | 01:04:39,540 --> 01:04:49,440 | direction which it just made a lower advancement and now rejecting off Oh, so let's take a quick look at Del. |
| 248 | 01:04:55,139 --> 01:04:59,969 | Sol it would need to really spring up here. So willingness to want to go higher |
| 249 | 01:05:08,639 --> 01:05:21,509 | So really short term ultra high frequency trades I like to look for these types of little moves here and do like this would be a partial and that would be my |
| 250 | 01:05:21,539 --> 01:05:30,839 | terminus for short term scalp. So this this price like here I would treat that as a fulcrum point meaning that whatever that movement lower was it would be |
| 251 | 01:05:31,139 --> 01:05:37,379 | added to and that would give me a standard deviation of negative one so |
| 252 | 01:05:42,420 --> 01:05:44,700 | watching the Dow here apologize |
| 253 | 01:05:51,989 --> 01:05:54,149 | to the minister |
| 254 | 01:06:02,130 --> 01:06:02,670 | down |
| 255 | 01:06:21,900 --> 01:06:30,270 | do the bodies respected that gap and there's so many trolls are sitting there thinking oh, it's going to crash the bodies tell the story the Wicksteed of |
| 256 | 01:06:30,270 --> 01:06:30,750 | damage |
| 257 | 01:06:40,110 --> 01:06:48,660 | we have another volume imbalance here and it's above this high. So in that instance, I would like to see that stay open not be retreated to because it can |
| 258 | 01:06:48,660 --> 01:06:58,200 | be treated as a breakaway gap even though that the wicks overlapped into the previous candles body. I like to see that stay open, you treat it as a breakaway |
| 259 | 01:06:58,200 --> 01:07:10,020 | gap and still try to press into 41 away. It's done. So here it's overlap, that's fine. So now we have this PDE array, the order block and the gap here so price |
| 260 | 01:07:10,020 --> 01:07:19,080 | would need to stay above that can it spike through it and touch the old high Yes, but we want to see the bodies of the candles stay above this gap. That's |
| 261 | 01:07:19,080 --> 01:07:31,410 | order flow. That's how you stay on side and read order flow you don't need a ladder depth of market Dom's are not necessary. And if it were to break below |
| 262 | 01:07:31,410 --> 01:07:39,510 | that and start having the bodies below that then it's problematic for consumers. That is for the initial session right now. It will be problematic on the near |
| 263 | 01:07:39,510 --> 01:07:54,090 | term for continuously moving higher dollar index is still this hammer around in a small little tight range and I'm looking at the forex pairs Euro Dollar has |
| 264 | 01:07:54,090 --> 01:08:10,410 | traded up into a sell side a balanced buy side of efficiency. That would in my opinion would be a short you look at your Euro dollar chart. Five Minute 1025 |
| 265 | 01:08:10,410 --> 01:08:28,500 | candle that city that we've already were returned back up into it's too smooth on the lows want to wait 75 years for Eurodollar and the sell side verlo want to |
| 266 | 01:08:28,500 --> 01:08:31,650 | eat 63 or 64 |
| 267 | 01:08:38,850 --> 01:08:40,980 | Dow still not joining the party |
| 268 | 01:08:48,120 --> 01:08:55,290 | to that wick midpoint of that wick consequent encroachment there open there and look out the delivering. |
| 269 | 01:09:42,750 --> 01:09:48,270 | Not Yes is the relative strength leader to the upside. NASDAQ is not joining this higher hi |
| 270 | 01:09:56,280 --> 01:10:13,920 | it's me to hire high while es has made a higher high and bow has yet to make the higher high here. So we're below still relatively speaking with the high formed |
| 271 | 01:10:13,920 --> 01:10:23,550 | at 10 o'clock 10 to one resin ES. And as that the 10 o'clock highs here has been breached. |
| 272 | 01:10:31,560 --> 01:10:45,480 | Still no help by the dollar index, which makes these types of trade ideas anemic in my opinion. But it's good study |
| 273 | 01:10:55,470 --> 01:11:01,920 | now I would want to see if it's going to continue higher, you can do institutional level entry drill, which is just at that rate there that should be |
| 274 | 01:11:01,920 --> 01:11:10,320 | the run higher rate there, it's going to happen it's going to do it there. Otherwise, it's going to start moving lower, because dollars really higher. |
| 275 | 01:11:22,050 --> 01:11:35,520 | Cable just dove lower Eurodollar. Diving lower. Right off the city I mentioned was short, in dollars raging higher. Yes, it's probably going to lose some |
| 276 | 01:11:36,060 --> 01:11:54,690 | ground here. Dollars region higher. Let's take a look at the edge real quick. So that not a condition that makes easy longs for ES |
| 277 | 01:12:00,900 --> 01:12:15,870 | NASDAQ slipping. So we have s&p Divergence with a higher dollar. So let's just play devil's advocate for a moment say I was long from the volume imbalance, say |
| 278 | 01:12:15,870 --> 01:12:26,040 | I was long off of the hot here and say I didn't take a partial profit overnight and take five handles off. Cable just made a lower low, your dollar is likely to |
| 279 | 01:12:26,040 --> 01:12:36,060 | make a loan or with a sell side below that 108 6463 areas I mentioned in a while ago, I would have I would close the trade with all the things I mentioned how |
| 280 | 01:12:36,210 --> 01:12:47,370 | cable broke lower, Euro broke lower, dollar raged higher. And that would keep me from getting stopped out and a trade idea that would be long in here. See how |
| 281 | 01:12:47,850 --> 01:12:56,400 | it's important to look at all the other markets because one market is going to be ahead of everything else. So when I'm managing risk on risk off in my |
| 282 | 01:12:56,400 --> 01:13:07,380 | analysis, I'm looking at FX pairs even though I'm not trading them, and I call these moves that you're seeing now and lower on the euro and cable. But I'm |
| 283 | 01:13:07,380 --> 01:13:18,060 | using it as a intermarket inter market relationship. So I'm looking at other markets to give me insight as to what I would expect in price action, and we can |
| 284 | 01:13:18,060 --> 01:13:29,010 | see these reversals real time and the warning signs that are there in price so that way you're not surprised by looking at it thinking why did that just happen |
| 285 | 01:13:29,730 --> 01:13:36,390 | because you're having to look at other markets and I see other people that are pretending to be mentors or they'll be highly critical of mean so you don't need |
| 286 | 01:13:36,390 --> 01:13:45,360 | to do all these things you don't need to look at the dollar and just be a one market trader one mark one chart person you're literally wearing blinders when |
| 287 | 01:13:45,360 --> 01:13:55,260 | you do that. Like you have to have a complete view of what all the markets are doing because one of those markets are going to be telltale and it like it tips |
| 288 | 01:13:55,260 --> 01:14:06,210 | its hand to you. It tips its hand and it shows you that it's now we are really risk on risk off by watching the dollar index which is about to make a higher |
| 289 | 01:14:06,210 --> 01:14:14,730 | high so now we have I would like to see this not filling up though area here. |
| 290 | 01:14:45,000 --> 01:14:50,160 | Want to see that stay open don't don't go out there yet. You yet |
| 291 | 01:15:22,440 --> 01:15:37,350 | Alright let's play the high risk game we're going to suggest that this fair value got right here which is brilliant trade to rate just backed off this one |
| 292 | 01:15:37,350 --> 01:15:56,970 | to see just one tick above this candles high which is one to 4.50 So far we haven't seen that well the solid match I want to see trade one or 4.51 that will |
| 293 | 01:15:56,970 --> 01:16:12,750 | be institutional referral introduce them and we'll put the seat trade down into sellside liquidity There you go. That's that's the setup that we're the |
| 294 | 01:16:12,750 --> 01:16:26,250 | institutional report enter drill it's high risk because we haven't had these lows taken out the start would be above the high here |
| 295 | 01:16:36,570 --> 01:16:49,950 | you're on table and nicely lower dollars made a new higher high Yes, that is it's fair to you got it. |
| 296 | 01:17:15,900 --> 01:17:27,060 | So if this is a trade that I would be in for real, I would have the least risk going, I would not be trying to pyramid it, I would not try to do a large |
| 297 | 01:17:27,060 --> 01:17:31,680 | position, it'd be something very small, insignificant just to participate in it. |
| 298 | 01:18:05,640 --> 01:18:16,050 | And the reason why I would be considering this at all, is because we had such a reaction in cable, Euro even though you're not a forex trader, if you're looking |
| 299 | 01:18:16,050 --> 01:18:29,040 | at this kind of market here, we're using it for risk on risk off scenario. Dollar index is still higher. NASDAQ failed to make the higher high. With es Dow |
| 300 | 01:18:29,040 --> 01:18:39,360 | has failed to make the higher high with ES. Dow has been the laggard all morning. And we don't really have the shift in market structure that I would |
| 301 | 01:18:39,360 --> 01:18:48,840 | have liked. But I'm just playing on the idea that this is an imbalance. We've already went to a premium. And I'm just watching in real time with you. So if I |
| 302 | 01:18:48,840 --> 01:18:56,280 | get stopped out hypothetically, it's okay. It would communicate the idea that I'm telling you these are environments that I don't want to participate in and |
| 303 | 01:18:56,280 --> 01:18:58,620 | they would communicate effectively why I don't want to do it |
| 304 | 01:19:05,580 --> 01:19:15,810 | when everything in here would suggest that this should go lower. At the very least you should have at least made an attempt to get the below here and it |
| 305 | 01:19:15,810 --> 01:19:16,680 | hasn't done so yet |
| 306 | 01:19:24,330 --> 01:19:27,780 | the wicks can color outside the lines |
| 307 | 01:19:53,580 --> 01:20:04,590 | that's where I would say the stop and on demand at the market would break lower and create another new pattern below this low here |
| 308 | 01:20:19,230 --> 01:20:29,550 | shouldn't have any bodies outside of it. So that's indicative of a failure, it wouldn't be something that would be comfortable staying with. And I would have |
| 309 | 01:20:29,550 --> 01:20:41,070 | to anticipate this law being taken out in any fair value gap, that would be considered a setup that run for the sell side liquidity here. So a loss, but |
| 310 | 01:20:41,340 --> 01:20:45,900 | less than the limited loss that a stop loss would have been implied by having it. |
| 311 | 01:21:03,210 --> 01:21:14,850 | Less than three handles over hypothetical loss on the smallest position size that would be used by me. Three contracts, in case you're wondering. |
| 312 | 01:21:24,660 --> 01:21:34,020 | Now looking at it and understanding what you anticipate what we would want to see, but it doesn't deliver. What do we do it with decisions that we make based |
| 313 | 01:21:34,020 --> 01:21:45,540 | on that information? When do you kill it? When do you abort the trade? How was it? How's it high probability? What is it in terms of low probability, we're not |
| 314 | 01:21:45,540 --> 01:21:58,740 | seeing things alignment, this should have already went lower, and it hasn't done so. So if it's been reluctant to do that, you have to demand much more from it. |
| 315 | 01:22:01,290 --> 01:22:14,610 | This is that part where I can remember as a 20 year old, I see a setup, I want to see a pan out, I would engage it, then it doesn't perform like I want to. And |
| 316 | 01:22:14,610 --> 01:22:23,370 | then I would open the stop up larger, give it more room. Now let's just play devil's advocate for a moment and say I was my 20 year old self. And I didn't |
| 317 | 01:22:23,670 --> 01:22:32,670 | collapse it or aborted at three points negative or just below three points, negative handles, and my stop would have been just above here initially member. |
| 318 | 01:22:33,450 --> 01:22:42,360 | Now let's just say, as I'm 20 year old self, I would have opened the stop up larger thinking that okay, it just, it needs to go back to this old highest |
| 319 | 01:22:42,360 --> 01:22:51,720 | resistance. That was my mentality that was my thinking. So the stock would be elevated up to here, which does what offers up more opportunity for if it's |
| 320 | 01:22:51,720 --> 01:23:02,460 | going to go higher, it's going to dig into that liquidity that would be above that high. So it would be a larger loss needlessly, when it's already |
| 321 | 01:23:02,460 --> 01:23:15,810 | communicated to me that it shouldn't be done, what it's doing. The imbalances here that's colored in the bodies here are telling you that it has unfinished |
| 322 | 01:23:15,810 --> 01:23:26,970 | business up here. So if you started with a short down here, and your stop is at the higher, just one tick above it, as I hypothetically outlined, you don't have |
| 323 | 01:23:26,970 --> 01:23:38,580 | to sit there and take the full stop. There's a logic behind where you can kill the trade, where it's no longer live setup, because the candles bodies are doing |
| 324 | 01:23:38,580 --> 01:23:47,790 | what's in now would be a full stop out. So you don't need to, you don't need to panic. You don't need to be fearful, but you do have to respect the measure of |
| 325 | 01:23:47,790 --> 01:23:57,930 | risk. And if you don't see the signatures and price action supporting your idea, you don't waste time and spend mental capital worrying about the trade setup, |
| 326 | 01:23:58,050 --> 01:24:05,970 | it's either going to be good or it's not. The trade immediately starts delivering for you or it doesn't. And if it doesn't, it's problematic. Then by |
| 327 | 01:24:05,970 --> 01:24:14,070 | having that imbalance framed, you start seeing a body like that That right there is your first warning sign. And then we open up the next candle and we trade |
| 328 | 01:24:14,070 --> 01:24:23,340 | higher than that candle. That's it, you kill it. You don't hold the short from that point on. So what do you do? You wait, you move to the sidelines, and then |
| 329 | 01:24:23,340 --> 01:24:31,170 | when it goes higher like that, where it would have been an initial stop out, that would have been a full stop. You feel better about yourself because you've |
| 330 | 01:24:31,170 --> 01:24:39,900 | managed risk appropriately. And you're not reacting the price you're reading price. You're letting it tell you the narrative and the story that it had |
| 331 | 01:24:39,900 --> 01:24:50,670 | unfinished business about here. Why because the imbalance should have kept the bodies inside of it. And it was unable to do so. So we're not taken by surprise. |
| 332 | 01:24:51,780 --> 01:25:02,700 | It just didn't pan out in a low probability condition. So all these things become much more impactful in your Learning. So that way, you're not guessing. |
| 333 | 01:25:03,480 --> 01:25:12,990 | You're not trying to pull things out of thin air, and hopefully it pans out for you. And you're not worrying about getting stopped out, we're looking at the |
| 334 | 01:25:12,990 --> 01:25:22,740 | stock in relationship to what the prices are delivering. And if it's outside these imbalances, where we know based on my concepts, the bodies are not |
| 335 | 01:25:22,740 --> 01:25:32,190 | permitted outside of it, the wicks are, as soon as we have a close outside of it, that's indicating that this is probably going to have to be revisited again. |
| 336 | 01:25:32,550 --> 01:25:44,040 | And if your stop loss is there on a short, and you don't see this, as I outline in real time, you'll get a larger loss. When it's not necessary. That's not |
| 337 | 01:25:44,040 --> 01:25:53,220 | necessary. Now, there's gonna be some times where the market does go against me, and it just snaps and runs with a stop. There's nothing you can do about that. |
| 338 | 01:25:53,550 --> 01:26:00,900 | That's the reality of trading, you're going to have that it's a cost of doing business. No one's perfect, you're not going to have 100% strike rate. And this |
| 339 | 01:26:00,930 --> 01:26:11,190 | stop, it's been paid, it's been paid to do its job protect you from taking larger loss. Well, you still have that responsibility as a trader by watching |
| 340 | 01:26:11,190 --> 01:26:21,660 | price action. And this is why it's important to be listening to these boring parts because you now have learned how to manage a stoploss. I purposely talked |
| 341 | 01:26:21,660 --> 01:26:27,330 | about how it was low probability. And this we're going to just play devil's advocate and say, Okay, now let's just say this is what we see right now. |
| 342 | 01:26:27,930 --> 01:26:48,270 | Weakness across FX strength in dollar, the SMP divergence across the indices. NASDAQ didn't support a higher high when ESS. Report the Dow real quick. So do |
| 343 | 01:26:48,270 --> 01:27:08,460 | we have two to five, I'm sorry. I'm looking at the highs 241. And 242. So one, one little point above it did make a higher high there, NASDAQ. |
| 344 | 01:27:14,040 --> 01:27:31,110 | Not a higher high. Yes, slightly higher high. So I would want to see this, take this low oil, I'm not interested in being long. So I would only look for this |
| 345 | 01:27:31,110 --> 01:27:37,410 | run below this low here in any imbalance that creates a fair value gap. I would look for that as a setup the sell side liquidity |
| 346 | 01:27:43,260 --> 01:27:44,550 | isn't the answer extend? |
| 347 | 01:27:51,750 --> 01:28:02,730 | So anyway, getting back to our same as soon as we had that closing price, We're here outside of the imbalance that we would anticipate as real resistance. If |
| 348 | 01:28:02,730 --> 01:28:13,260 | the algorithm is allowing that candle, the print and close outside of it. That's the warning sign that that stop is not safe, and you have time to abort it. |
| 349 | 01:28:14,520 --> 01:28:24,000 | Don't waste time worrying about it. Don't second guess it. Because what's worse, thinking that's likely to happen. And then it runs where your stop and you have |
| 350 | 01:28:24,000 --> 01:28:35,490 | a full stop out whatever the maximum risk was that that trade idea with that stop would have entailed. Or seeing it understanding that the probabilities have |
| 351 | 01:28:35,490 --> 01:28:48,390 | shifted so far away from you and not being in your favor anymore. Neutralizing the position taking a very, very small loss, a paper cut and being correct by |
| 352 | 01:28:48,750 --> 01:28:59,610 | limiting the exposure of risk and not letting it take the full stop. The mindset that that provides you is it's easier, it's much more palatable for a trader to |
| 353 | 01:28:59,610 --> 01:29:09,420 | take a loss when they're doing it with the idea it's a smaller loss than it would have been if he's able to let their stop loss get hit. Think about your |
| 354 | 01:29:09,420 --> 01:29:16,830 | development up to this point right now. And what you've been utilizing the trade with in how you've been taking losses and maintenance if you've been stopped |
| 355 | 01:29:16,830 --> 01:29:25,410 | out. How many times have you sat there and knew in your heart that this is probably gonna stop you out. But you didn't have the gumption. This is going in |
| 356 | 01:29:25,860 --> 01:29:35,250 | close a trade. I don't want to take a full stop and there's nothing wrong with it. Do you have to treat the same way that I teach you to take partials because |
| 357 | 01:29:35,250 --> 01:29:44,520 | partials paid 100% of the time. There's never a partial profit ever. That failed to make a profit. If you're in profit and you've taken some of the position that |
| 358 | 01:29:44,520 --> 01:29:53,880 | you have off, you're profiting there's nothing wrong with that no matter what anybody else tells you. That's a good thing. The same mindset you have to have |
| 359 | 01:29:53,910 --> 01:30:05,250 | equally with preserving equity and limiting risk in the race Here's why I teach these PV arrays in order flow and studying real time tape reading, you'll be |
| 360 | 01:30:05,250 --> 01:30:16,770 | able to see when the positions that you are in, and you have defined risk as you should, with a stop loss always. There's no necessity for you to hold that full |
| 361 | 01:30:16,770 --> 01:30:27,960 | stop. When you now have indications being presented to you in the delivery of price, that it's telling you, your stop is now in jeopardy. So you can say, |
| 362 | 01:30:28,470 --> 01:30:36,420 | Okay, with this trade idea, I was looking for it to go lower knowing it's low probability. But your trade shouldn't be set up in a low probability condition, |
| 363 | 01:30:36,420 --> 01:30:44,640 | it should be high probability. But the push the envelope and show you the case, let's play devil's advocate, we're going to use this as a short idea. And |
| 364 | 01:30:44,640 --> 01:31:01,020 | hypothetical stop would be at the old Hi, there. I taught you exactly when to abort the trade. Exactly. When it's no longer viable. You should never feel bad |
| 365 | 01:31:01,050 --> 01:31:12,960 | about avoiding a trade and preserving a full stop out. But unfortunately, as a new trader, you're resisting that experience by letting your full stop out, |
| 366 | 01:31:14,010 --> 01:31:25,230 | occur or opening the stock to a larger stop loss, which are both detrimental to your development and longevity as a trader. So you have to have a reason to know |
| 367 | 01:31:25,470 --> 01:31:33,750 | the trades no longer viable. Do you have that? If you don't have that, this year, you're learning how to do that. These PD arrays, the things I'm teaching |
| 368 | 01:31:33,750 --> 01:31:49,200 | you the imbalances, the liquidity, they have a dance between them. And when they don't agree, do not allow full stop loss. Just close it, I promise you what |
| 369 | 01:31:49,200 --> 01:31:58,950 | you're trying to avoid, which is losses, you want to be comfortable taking small losses and knowing that you did the right thing by taking a small loss, then |
| 370 | 01:31:58,950 --> 01:32:13,650 | allowing it to be a larger full stop out. And you'll feel empowered because of that. Alright, so immediately, this thing looks like it wants to go one more |
| 371 | 01:32:13,650 --> 01:32:19,980 | time higher on es, we might get that one or nine level from the volume imbalance that I was showing you earlier. |
| 372 | 01:32:54,720 --> 01:33:04,980 | This is a really, really difficult market to trust because the things I lean on for support behind the ideas. They're not. They're not materializing in the |
| 373 | 01:33:04,980 --> 01:33:19,080 | other markets, which again defines my version of a low probability. And these types of moves when they do form, I will not be participants of it. They'll move |
| 374 | 01:33:19,080 --> 01:33:34,740 | without me and it's fine. But getting about getting back to the mitigating loss, reducing the overall exposure to risk. That is a paramount issue for your |
| 375 | 01:33:35,070 --> 01:33:46,350 | continued success or ever eventual success. In the beginning, you're afraid to take that first losing trade. Let's say you get funded. So you funded a Live |
| 376 | 01:33:46,350 --> 01:33:57,030 | account. You're gonna be so terrified to take that first trade because you don't want it to start off on the wrong foot a losing trade. So the smallest amount of |
| 377 | 01:33:57,030 --> 01:34:06,360 | leverage that you can put on with flip a quarter, putts heads you buy its tails you sell short, go in and let chance be the first thing if it's a losing trade, |
| 378 | 01:34:06,360 --> 01:34:15,330 | who cares? You didn't make that decision. So you can't feel bad about it. But it just it breaks the ice. It's all it is an icebreaker. If you're so paralyzed |
| 379 | 01:34:15,330 --> 01:34:25,860 | with it, just accept the fact that you get some kind of investigation that's outside of your own decision making. That when you can't be blamed emotionally, |
| 380 | 01:34:25,860 --> 01:34:33,390 | psychologically, if it's a losing trade on the first one. So now you just you broke the ice. Now you're in there. If it wins, you can attribute it to skill |
| 381 | 01:34:33,420 --> 01:34:44,460 | because you did something outside of yourself. That first trade is behind you now. You're not paralyzed like a deer in headlights. But you're trying to avoid |
| 382 | 01:34:44,820 --> 01:34:57,360 | losing is a student that starts learning how to do this whether it's under me or anywhere else. Your number one fear is doing it wrong and losing money. And |
| 383 | 01:34:57,360 --> 01:35:05,970 | that's well it's something to be mindful of because nobody really wants to go out here and try to lose money. But you can't allow it to paralyze you, where |
| 384 | 01:35:05,970 --> 01:35:14,880 | you can't make clear decisions about what it is you're doing with risk. Risk has to be assumed there's no way to do this industry and not assume risk, there's |
| 385 | 01:35:14,880 --> 01:35:26,160 | always risk. That's why the disclaimers are always there. That's why you're constantly bombarded with, you can lose more than you have. And previous |
| 386 | 01:35:26,370 --> 01:35:36,090 | experience and outcomes and results are not indicative of future results. So you know that subconsciously, and you also know the times when you were looking at |
| 387 | 01:35:36,090 --> 01:35:45,060 | price action, it didn't do what you thought it was gonna do. And that would have materialized as a losing trade. But you'll filter that out, You'll pretend that |
| 388 | 01:35:45,060 --> 01:35:53,940 | that never happened. Like you didn't see it, but you really did. And your subconscious knows that you may need making new mental note of it, but |
| 389 | 01:35:53,940 --> 01:36:03,480 | subconsciously, you're a mess emotions, and your psyche is remembering that as that's something that triggered you, but you're trying to block it out. And then |
| 390 | 01:36:03,480 --> 01:36:11,910 | when you start trading with real money, this is the this is the chemistry behind why it's difficult for you, you may do really, really well on a demo, or paper |
| 391 | 01:36:11,910 --> 01:36:23,610 | trading, then when you go to a live account, real risk setting all the things that you did wrong, not practicing properly, not managing risk. You have not |
| 392 | 01:36:23,610 --> 01:36:32,190 | conditioned yourself or desensitize yourself to doing it wrong and not being tore up because of it, you're going to do it wrong, everybody that's going to |
| 393 | 01:36:32,220 --> 01:36:41,940 | ever trade in the future will do it wrong, I will do it wrong, you will do it wrong. But how much skin is going to come off of that? How much flesh is going |
| 394 | 01:36:41,940 --> 01:36:55,380 | to be removed from you? How much equity is it going to consume? You have control over that. So if you look at these things, and you use them as milestones for |
| 395 | 01:36:58,350 --> 01:37:06,300 | intellect, like a winning trade or a series of winning trades means you're smart. It doesn't mean you're smart. It just means that you made the right |
| 396 | 01:37:06,300 --> 01:37:18,810 | decisions at that time, under those current circumstances. But the risk has to be defined all the time. And that initial risk is not limited to that's all it's |
| 397 | 01:37:18,810 --> 01:37:29,430 | going to be, you can find ways to limit that even less. But you have to look at price action, you can't just marry the idea because you're now in a trade. And |
| 398 | 01:37:29,430 --> 01:37:36,750 | you just can't bring yourself to take a losing trade. Because what happens if I get out of it, and it moves in my favor? Well, what happens when you don't |
| 399 | 01:37:36,750 --> 01:37:46,230 | listen to the logic I'm teaching you. And it's smoked you every single time at maximum loss. Every time you offer up risk to the marketplace, it's going to |
| 400 | 01:37:46,230 --> 01:37:56,310 | take it if you're offside means you're on the wrong direction of the market. And you have stock lost, it's allowing them to take that your liquidity in May will |
| 401 | 01:37:56,310 --> 01:38:08,880 | consume you. So, when I teach price action, it's important to note that these rules are there for you to learn from. And also to trust over time that you |
| 402 | 01:38:08,880 --> 01:38:18,210 | can't trust it. Unless you're in here doing these exercises where you're watching in real time. And not being afraid of it. Not painting in your favor. |
| 403 | 01:38:18,570 --> 01:38:27,660 | You need to experience that. How are you going to react to that? In journal that, are you? Are you frustrated because even though you were just tape reading |
| 404 | 01:38:27,660 --> 01:38:34,830 | it, it didn't pan out? And how does that make you feel? What's your chemistry like at that moment? Are you hopped up and you're just angry? Now you want to |
| 405 | 01:38:34,860 --> 01:38:44,940 | vent? Do you want to go online and complain? Do you doubt the concepts? Do you doubt yourself ever learn how to do this because of that. All those things is I |
| 406 | 01:38:44,940 --> 01:38:50,730 | want a nine point 50 level in dollar index is still hanging around near its highs |
| 407 | 01:38:57,090 --> 01:39:06,510 | so now go back to that 20 year old ICT, right? And when I would open my stuff up larger. That's right, there would have been a larger loss, not reading what I've |
| 408 | 01:39:06,510 --> 01:39:20,010 | learned later in life that told me that this is not going to be a good idea. So kill it before it gets there. So how can one How can someone look at that? You |
| 409 | 01:39:20,010 --> 01:39:31,740 | think that's not a good idea to learn? The books don't teach that. Here's a stop, except the risks. If you get stopped out, okay, trade your plan, plan your |
| 410 | 01:39:31,740 --> 01:39:45,150 | trade and stick to your game plan. Well, the game plan is not to lose as much money if you have a way a mechanism that helps you limit that then you should do |
| 411 | 01:39:45,150 --> 01:39:51,330 | it. So I do believe these mugs want to take this up to |
| 412 | 01:39:56,550 --> 01:40:05,610 | 12.1 12 113 It's two standard deviations. On this swing here, I'm going to show you |
| 413 | 01:40:13,530 --> 01:40:23,850 | the see how the 19 level, which is negative three and a half, on this price swing, is inside that shaded area, which is the daily volume imbalance. And the |
| 414 | 01:40:23,850 --> 01:40:36,450 | 4118 and a half just falls short of it. There's a lot of things converging around that daily volume imbalance. So at this point, as long as we stay above |
| 415 | 01:40:36,990 --> 01:40:49,110 | this here, into the afternoon, this is where I think we'll go. The only thing that changes that is trading below this low here. So now I framed out the |
| 416 | 01:40:49,110 --> 01:41:02,910 | afternoon bias for you and what would be necessary for those things to be true for me as an as an analyst. So I forced myself into a condition that is not |
| 417 | 01:41:08,280 --> 01:41:23,100 | low probability, I framed the arguments against it. And I'll show you real quick again, here is NASDAQ. Lower high, this one here, you can trade this one to |
| 418 | 01:41:23,100 --> 01:41:38,400 | catch up with what the ES has done. So let's just say hypothetically, you would have been right there at that candles open, that will be your long entry. Okay? |
| 419 | 01:41:39,570 --> 01:41:46,770 | The idea is that that's an order block, you can trade inside of the range of that candle, you don't need it to go away and come back. If you're expecting to |
| 420 | 01:41:46,770 --> 01:42:00,600 | expand inside that candle on the candidates painting, like when this was forming, you can be a long entry there by doing that, or not rapidly, but by |
| 421 | 01:42:00,600 --> 01:42:09,300 | understanding that then you can go back and look at my other examples when I'm trading live. And you see me doing executions then I'm noting the candle that |
| 422 | 01:42:09,300 --> 01:42:18,870 | it's the order block you're looking at that they can Why did you enter there because you're inside of the order block. I'm anticipating that change in stated |
| 423 | 01:42:18,870 --> 01:42:32,400 | delivery but the opening price you don't need to come back because I might not do that. Especially since we have ETS doing what expanding higher reaching for |
| 424 | 01:42:33,000 --> 01:42:53,610 | the second 4119 and a half that high on March 6. Okay, so right away from the opening price on this candle at 184 Even that would be your hypothetical entry |
| 425 | 01:42:53,610 --> 01:42:54,630 | as was trading we're here |
| 426 | 01:43:01,590 --> 01:43:14,250 | wanting to 84 and now we're at most likely 216 tix almost hasn't quite printed yet. |
| 427 | 01:43:48,960 --> 01:44:02,610 | So not that I'm a NASDAQ trader, obviously I can trade it but that would be the equivalent of what would be an ES run using the six sister approach Okay, I'll |
| 428 | 01:44:02,610 --> 01:44:19,860 | say it again the sick si si que sister approach where you see price moving in ES This one's leading to you go back to looking at mature 13 level management. |
| 429 | 01:44:21,660 --> 01:44:31,530 | There's five handles that we're going to go back to NASDAQ because that was the one I just gave you live. This one here hasn't taken out that high yet. Show you |
| 430 | 01:44:35,760 --> 01:44:43,680 | so while we're in this candle, this Black Candle here it down. Close candle is an older block at the opening price. When you're trading down here and go back |
| 431 | 01:44:43,680 --> 01:44:52,890 | and watch the recording you'll see it's like this. You'd be highlighted going long here. So you can go along here and use this one because this is the market |
| 432 | 01:44:52,890 --> 01:45:07,620 | that's going to try to catch up with ES meaning what? Bs has done this already. It's already made. higher high, this high here. That high is this high here on |
| 433 | 01:45:07,680 --> 01:45:23,730 | NASDAQ. That's this high in right here. It hadn't taken that high out yet. So, this is called the sick sister approach where everything is pushing higher this |
| 434 | 01:45:23,730 --> 01:45:35,130 | pair or this market rather it can be done in forex, by the way. You could use it like say, for instance, this is British pound, and say the ES is euro dollar, |
| 435 | 01:45:35,790 --> 01:45:49,740 | same thing applied to Forex, one's already moved. So, by sympathy, this market will want to catch up with any race, the SMT divergence that was being there. |
| 436 | 01:45:51,330 --> 01:46:01,410 | So, live entering here with the expectation it would catch up and move in sympathy with what the yes is done. Think about what we just did. I gave you |
| 437 | 01:46:01,410 --> 01:46:08,940 | Devil's advocates, and it's a situation where are you new is low probability, I framed the fair value gap, I told you where the hypothetical stop loss would be. |
| 438 | 01:46:09,180 --> 01:46:18,960 | And then it traded outside of that fair value got in a closed with its body on ES and I said, Okay, the next candle it traded higher than the next candle that |
| 439 | 01:46:18,990 --> 01:46:29,430 | were just formed. When we go back to the ESL you know, what I'm talking about. This candle was a first warning sign that that stop would have been in jeopardy |
| 440 | 01:46:29,430 --> 01:46:35,280 | as soon as this candle opened and traded above this high, that's it, you're done, you kill the trade is over. |
| 441 | 01:46:40,380 --> 01:46:52,860 | That loss that was now small, has to be mitigated. We're watching price deliver here, it wants to gravitates to the 4119 level as I indicated by having all the |
| 442 | 01:46:52,860 --> 01:47:05,670 | confluences in that volume and balance up here. So if that's true in the NASDAQ at the time when we were looking at it on this candle right there, or here, |
| 443 | 01:47:05,970 --> 01:47:13,230 | inside of the range of that down close candle, you can be a buyer and I gave you the opening price as the hypothetical entry that was your fill. Okay, if you |
| 444 | 01:47:13,230 --> 01:47:33,690 | want to use the high of that candle to be even more fair, your fill will be at four point 50 Okay at 450. And we've traded to a high of 98 so almost 15 ticks. |
| 445 | 01:47:36,750 --> 01:47:46,950 | So the loss that would have been reduced by protecting the full stop out in ears would have been completely eradicated. With this move here in NASDAQ using the |
| 446 | 01:47:46,950 --> 01:47:59,880 | six SR approach where you're using the market that has yet to catch up with the one that's leading. And many times I've used this in forex, and you can see now |
| 447 | 01:47:59,880 --> 01:48:16,590 | how it's used real time here with the ES and NASDAQ. Now because we had a higher high here this imbalance right here this would need to be supported so price |
| 448 | 01:48:16,590 --> 01:48:28,530 | would need to have no willingness to close a body below that you can work through it and get into this little unbalanced but I want to see the body close |
| 449 | 01:48:28,530 --> 01:48:33,990 | inside this or above it otherwise it's probably done for the morning and we'll go into one shower |
| 450 | 01:48:45,899 --> 01:48:58,379 | I'd be lying if I said I wasn't going to miss the news next week. actually enjoying it never thought you could learn so much without having to make money |
| 451 | 01:48:58,379 --> 01:49:10,469 | right this is how you get there you get to remove all the concern about losing money and making money learn to read price action there's so much that you don't |
| 452 | 01:49:10,469 --> 01:49:22,769 | know that's required to be profitable consistently. We'll come back to this on it this will cook a little bit but I don't want to see a closing price and may |
| 453 | 01:49:22,769 --> 01:49:34,259 | change by setting on my monitor here so I can watch it. In case it does mention it to you live not have heard that on the screen |
| 454 | 01:49:44,100 --> 01:49:44,640 | yes |
| 455 | 01:49:51,479 --> 01:50:01,409 | alright so we have water block. So when we look at water block its mean threshold which is half of the the range So I'm just going to eyeball it, this |
| 456 | 01:50:01,409 --> 01:50:13,679 | is what I usually do most of the time anyway. So I'm looking at that level right there. Okay, that level, plus volume and balance |
| 457 | 01:50:19,979 --> 01:50:32,909 | in the fair value gap. So those are three PD arrays, we don't want to see any closing body below mean threshold. As long as it doesn't do that we look for for |
| 458 | 01:50:32,909 --> 01:50:49,109 | 119 41 1950. Not portrayed as are too far in the premium. Now, we're too far up near the target. So because we're in a change of the session, folks, listen, |
| 459 | 01:50:49,499 --> 01:50:59,699 | this is one of those things you want to be writing down. We don't use this as an entry. This would be the idea that assuming that we're long, we're watching and |
| 460 | 01:50:59,699 --> 01:51:10,199 | managing the position, we want to see does the price continue to give us the signatures that we would look for, for delivering price in our direction. So |
| 461 | 01:51:10,199 --> 01:51:20,909 | this, these three, these three premium, I'm sorry, three discount arrays are inside of the premium range, right before we get to our target. So this is our |
| 462 | 01:51:20,909 --> 01:51:28,559 | target up here. And the inception moves down here in the volume imbalance. We're in the upper portion of it. So we don't want to add anything, we don't pair me |
| 463 | 01:51:28,559 --> 01:51:39,659 | to net person. So we have to just manage the trade idea. And now we have one, two, in the volume, I'm sorry, to fair a gap here that's already traded into now |
| 464 | 01:51:39,659 --> 01:51:49,799 | we're nibbling the balance. In the mean threshold, the order block that has to be supported the price, if it trades and closes a body, below that, that's |
| 465 | 01:51:49,799 --> 01:51:58,859 | problematic, then you'd have to take something off the trade, reduce the leverage that you have open. And that's the only time I get permission to a |
| 466 | 01:51:58,859 --> 01:52:08,729 | student to take something off when trades moving against you while still being in profits. In other words, you're you're having open profits erode as it's |
| 467 | 01:52:08,729 --> 01:52:18,989 | going down in here. But just like I was teaching a little while ago about when you want to kill the trade or abort it, when it no longer makes sense. You're |
| 468 | 01:52:18,989 --> 01:52:28,469 | closing the trade before hit your stop. But you're closing the trade while it's taking more from you. But you're limited, limiting how much it is. Well, in this |
| 469 | 01:52:28,469 --> 01:52:37,979 | case, it's taking open profits, that's unrealized loss retracing against you if you're hypothetically long back here or in here. So you can't look at it as |
| 470 | 01:52:37,979 --> 01:52:47,459 | well. I can't take a partial now, because I'm doing it when it's going against me. But you have to do that, if it closes below the mean threshold of this order |
| 471 | 01:52:47,459 --> 01:52:56,369 | block. Because it might be indicating to you what it's going to come back on your stop, which may be trailed. It may not be trailed regardless, you want to |
| 472 | 01:52:56,369 --> 01:53:08,129 | reduce the leverage and reduce the exposure to risk, because it's indicating that we are possibly either consolidating or retracing. And it's Friday. And |
| 473 | 01:53:08,129 --> 01:53:17,099 | we're transitioning from the morning session into what the lunch hour where stops usually get rolled against. Nowhere, it's who's been making money this |
| 474 | 01:53:17,099 --> 01:53:28,139 | morning belongs. So where's their stop loss during the lunch hour, or just after it the typical performance and prices it usually rolls against the liquidity |
| 475 | 01:53:28,139 --> 01:53:37,469 | that was raised up during the morning move higher. And either it goes for them and continues lower or it goes against it hits that liquidity and then continues |
| 476 | 01:53:37,469 --> 01:53:46,289 | going higher. Either way, it's likely to run against the sell side because we've seen delivery on the upside all morning. Does that make sense? The fact that we |
| 477 | 01:53:46,289 --> 01:53:56,189 | don't want to be buying up here in a premium relative to our target. We're using discount arrays to filter out the willingness of price does it want to go |
| 478 | 01:53:56,189 --> 01:54:07,259 | higher, because it keeps giving us indications that it wants to go higher. I use three P D arrays to do that. The most immediate pdra relative to market price |
| 479 | 01:54:07,289 --> 01:54:15,989 | which is right now where we are hit right here, the volume imbalance the fair value got in the mean threshold of that damn close cannon which is the |
| 480 | 01:54:15,989 --> 01:54:22,319 | waterblock that's the last line of defense. So far we're seeing short term support offered by the volume and balance |
| 481 | 01:54:34,830 --> 01:54:38,280 | Dollar Index just not doing too much in here |
| 482 | 01:54:45,630 --> 01:54:55,260 | I would have loved and learn how to abort a trade and not let my stop loss get hit. When I was 20 years old. These are things that I wanted to find in books |
| 483 | 01:54:55,260 --> 01:55:03,600 | when I was buying them. Teach me how to do that teach me when the trades no longer good Books never talk about that. And it's very frustrating, especially |
| 484 | 01:55:03,600 --> 01:55:16,320 | as a new trader, you trust the authors that wrote these things. And then because you only have to get me into a trade ideas given to you, you know, which is the |
| 485 | 01:55:16,320 --> 01:55:26,820 | least important thing. The understanding of what makes a trade less probable. When do you get into a trade? It looks high probability. And when does it change |
| 486 | 01:55:26,820 --> 01:55:36,480 | from high probability to? It's not likely to pan out? What what are those factors? What are those things that leads to that occurring? So that way you as |
| 487 | 01:55:36,480 --> 01:55:50,100 | a trader can use that analysis concept to mitigate unnecessary stop outs at full risk, or abort a trade before it turns into a losing trade? Those those topics, |
| 488 | 01:55:51,540 --> 01:56:05,100 | there just it is not available. And it was a very serious point of frustration for me. So I had to go in here and just make up my own rules as I went. What do |
| 489 | 01:56:05,100 --> 01:56:15,630 | I do? How did I lose? What caused me to go into a downward spiral and caused me to blow my account? What were those things I was thinking about? What was I |
| 490 | 01:56:15,630 --> 01:56:24,900 | fearful of? What was I overconfident about, but then price told me that wasn't likely, what were those things that keep happening? That's, that's what I did. |
| 491 | 01:56:25,500 --> 01:56:33,360 | That's the language. I'm teaching you all these core content lessons from my private mentorship. That's the language that's not mentorship, this what I'm |
| 492 | 01:56:33,360 --> 01:56:45,990 | doing with you right here. That's mentoring. Now imagine, you have been waiting for me to do what mentorship and you paid, you're in there, and you're watching |
| 493 | 01:56:45,990 --> 01:56:55,410 | something like this. As a new person, you're thinking, you should be telling me to get into trades like a signal service. Now, I'm teaching you how to read |
| 494 | 01:56:55,410 --> 01:57:05,160 | price. So that way, you can do this on your own and navigate it and not feel the tug of war, the emotional, and psychological impacts of being right or wrong, |
| 495 | 01:57:05,910 --> 01:57:15,960 | being confused, needing to wait for more information. All of that brings to the table as a trader. And knowing what you're supposed to do, how you're supposed |
| 496 | 01:57:15,960 --> 01:57:26,130 | to think how you're supposed to react to what you're seeing in price action, as it relates to you as a trader not reacting to price for trades, you have to make |
| 497 | 01:57:26,130 --> 01:57:35,940 | the reaction to what the indications that these price movements are telling you. You can't stick with a trade, when I'm teaching you, the signatures are telling |
| 498 | 01:57:35,940 --> 01:57:46,290 | you, it's no longer good. If it's doing that, it's indicating to you that it's problematic now, it's not likely to pan out. So what do you do, you either abort |
| 499 | 01:57:46,290 --> 01:57:56,760 | the trade or take half off? That will, that was something for your journal, by the way. It's not the first time I mentioned that. But when you have three PD |
| 500 | 01:57:56,760 --> 01:58:09,660 | arrays, break, that were supposed to be supportive for your trade. If they break, that's the clearest indication that you're probably in a reversal, and |
| 501 | 01:58:09,660 --> 01:58:16,140 | you just don't have the experience yet to see it. And there's gonna be times when you do that, and turns around and keeps going in your favor. But you don't |
| 502 | 01:58:16,140 --> 01:58:25,170 | have the experience to know that's going to occur, which is the reason why I gave that role based idea to my students. In the early stages. You don't have |
| 503 | 01:58:25,170 --> 01:58:32,820 | the experience, which is something that has to be acquired on your own, I can't write a book, I can't do a video, nobody else can do it either. That gives you |
| 504 | 01:58:32,820 --> 01:58:42,930 | that experience, that experience has to be earned. You work for it. And a lot of lazy students came to me and would see things like this is how I was teaching. |
| 505 | 01:58:43,920 --> 01:58:51,660 | This is how I was doing mentorship. I was talking about things and making you understand this is what it's going to feel like to be doing it. And sometimes |
| 506 | 01:58:51,660 --> 01:58:57,930 | the price isn't going to do what you wanted to do. How are you going to perform as the trader? What are you going to do with that? How are you going to manage |
| 507 | 01:58:57,930 --> 01:59:07,800 | the risk? How are you going to stay with the trade if at all? What are those defining moments in price action, so that way, you're not caught off guard, |
| 508 | 01:59:07,800 --> 01:59:19,800 | you're not surprised that when you're relaxed, you're just listening to what these candlesticks are telling you. The only time that you should be shocked or |
| 509 | 01:59:20,250 --> 01:59:29,910 | taken aback is if some violent thing comes in where the market is does some crazy Yes, up down, move something, you know, some War event, some kind of |
| 510 | 01:59:30,270 --> 01:59:38,940 | terrorist attack, that type of thing where nobody can see that coming. And then boom, there's all kinds of shock and all in price action. You can't avoid that. |
| 511 | 01:59:39,390 --> 01:59:48,000 | Nobody can that's the inherent risks of trading and your stop loss might not even do its job in those instances. You know that that's likely to happen when |
| 512 | 01:59:48,000 --> 01:59:55,980 | you sign up and start with a brokerage. Whether you deal with a funded account I don't know what their initial disclaimers are. I don't think there is any risk |
| 513 | 01:59:55,980 --> 02:00:03,450 | disclaimer that you sign for that I think is a pain in your in arrogance. I Don't know. But when you open up with a regulated broker, you're signing |
| 514 | 02:00:03,450 --> 02:00:14,280 | documents stating that no liquidity may not be there for you. And you may lose more than you have. Meaning what you have in your account balance and also what |
| 515 | 02:00:14,280 --> 02:00:25,110 | you have at risk per stop loss. That's a scary thing, when you really take consideration to what that means. And we're in these black swan events right |
| 516 | 02:00:25,110 --> 02:00:36,000 | now, where are not events, but in a climate where a black swan event can happen, something unforeseen by the general public comes out in attack, you know, think |
| 517 | 02:00:36,000 --> 02:00:46,050 | of like September 11, that occurred before the market opened up that day. If it would have happened during the market hours, that would have caused all kinds of |
| 518 | 02:00:46,440 --> 02:00:56,100 | fluctuations, maybe not the first plane hidden. But the second plane, boom, that would have been obvious because that's I bought that second one hit live in I |
| 519 | 02:00:56,100 --> 02:01:06,060 | was taken aback, like I was frozen in fear standing right in my living room. And I couldn't believe what I just watched, that would have caused all kinds of |
| 520 | 02:01:06,060 --> 02:01:14,850 | chaos in the marketplace. Like it would have, it would have been amazing to see it. But all these things happen before the market opened up. And he kept the |
| 521 | 02:01:14,850 --> 02:01:27,780 | market closed for several days. So barring those types of things, we're not surprised. We're not surprised, we're not shocked. We're not scared. We're not |
| 522 | 02:01:27,780 --> 02:01:38,310 | overreacting to a price move. We're reading price, we're just watching it. And it's going to either tell you a story that makes sense for you to position |
| 523 | 02:01:38,310 --> 02:01:47,850 | yourself in assume risk or not. Or once you're in it, and you have assumed risk, it's going to tell you, this is no longer something you should be a part of, |
| 524 | 02:01:48,240 --> 02:01:57,180 | take half of it, if you still feel convictions to hold on to it, take half of it off. That way, even if it does run on and take your stop loss, you did not give |
| 525 | 02:01:57,180 --> 02:02:06,030 | it everything that you made available to in terms of taking a full stop out. But in the beginning as a new student, that doesn't make any sense, because you got |
| 526 | 02:02:06,030 --> 02:02:14,670 | into this to make money, not get half the position off, because what if you're wrong, and it goes in your favor and listen to this dumb roll the ICTs talking |
| 527 | 02:02:14,670 --> 02:02:27,990 | about Hello. The chances of you knowing when that's true and when it's not true as a new trader is next to zero. So I've built in with this language of teaching |
| 528 | 02:02:27,990 --> 02:02:42,570 | how to read price action. I've taught my students to look for these protocols, and follow them systematically and attached to the outcome of the trade. You |
| 529 | 02:02:42,570 --> 02:02:51,030 | have to have these rule based ideas. Because if you don't, you will react to price, you will get scared out of the little fluctuations that occur. It'll |
| 530 | 02:02:51,030 --> 02:02:59,970 | change your entire mind in scope of what you think the price is going to do for that particular setting that session that day. And it's probably one minute |
| 531 | 02:02:59,970 --> 02:03:08,130 | candle that changed your whole view. Because you don't have the experience reading price. You haven't been here before. And you can't say well, I watched a |
| 532 | 02:03:08,130 --> 02:03:18,570 | couple of your videos and I looked at last week I saw price for about 20 minutes, two times that week. So I got experience. That's the argument. So am I |
| 533 | 02:03:18,570 --> 02:03:27,960 | paid students would give me I wrote some notes down, look at my pages to it's 10 pages of useless information. There's things they're not they're heavy hitting |
| 534 | 02:03:27,960 --> 02:03:36,030 | things that tons of things I'm talking about in this live session. They're paramount. But they're not sexy topics. They're not something that if I made a |
| 535 | 02:03:36,030 --> 02:03:47,340 | video entitled it that way, that would be one of the least viewed videos in my entire library on that channel. Why? Because it's talking about a topic. That's |
| 536 | 02:03:47,340 --> 02:03:59,820 | not sexy, you would you would be watching if I almost didn't intend to do this, do a series of videos titled amazing profit strategy, the high rate bank |
| 537 | 02:03:59,820 --> 02:04:17,610 | strategy, I bet you that would be viral. I'd have 100,000 views in one day, in one day, not the typical 55 to 60,000 views that I get. But these are the |
| 538 | 02:04:17,610 --> 02:04:27,210 | lessons that someone that's been doing it for a long time has learned it has guided me into the position where I am now I have the experience that I can |
| 539 | 02:04:27,360 --> 02:04:35,310 | convey it before happens. I can see when the market is gonna be difficult for me, I can anticipate when that's going to be and that's a skill set that you |
| 540 | 02:04:35,310 --> 02:04:44,760 | want to acquire. But you acquire it by tape reading, not taking trades and studying price allowing these candlesticks to give you the experience that |
| 541 | 02:04:44,760 --> 02:04:45,480 | you're looking for. |
| 542 | 02:04:49,979 --> 02:04:57,899 | But most people don't want to do that because they want to get right out there and start making money. They want to get withdrawals, do their funded account |
| 543 | 02:04:57,899 --> 02:05:06,209 | stuff and be able to show their certificates and stuff, you're doing it for the wrong reasons. You're doing all that stuff for the wrong reasons, which is |
| 544 | 02:05:06,209 --> 02:05:17,489 | exactly what my son's doing right now. He's trying to rush it. He wants to be able to say, Look at this. So you're trading with a certificate as the goal |
| 545 | 02:05:18,059 --> 02:05:29,669 | versus learn how to trade, be highly precise, be selective, highly selective of your setups and stick to a model that's within the context of present order |
| 546 | 02:05:29,669 --> 02:05:39,269 | flow, is it bullish or bearish and operate under those pretenses only not, I want to get this certificate, I want to be able to say I passed this funded |
| 547 | 02:05:39,269 --> 02:05:39,779 | challenge |
| 548 | 02:05:46,290 --> 02:05:56,160 | think of as that you, are you doing this for all the wrong reasons, because I promise you, you probably are, instead of saying, I want to be very precise |
| 549 | 02:05:56,160 --> 02:06:08,160 | about what I'm doing. Calculated, nothing's gonna bother me, I want to be completely bored by what I'm looking at, anticipate these things. And if I can't |
| 550 | 02:06:08,160 --> 02:06:20,250 | see them coming, I'm not interested. Because if you're going to react to it, well, you're gonna be at the mercy of your emotions. And whatever the result has |
| 551 | 02:06:20,250 --> 02:06:30,150 | been on your last trade, that's going to be the deciding factor of how you're going to think and feel when your next trade. And if it was unprofitable, or you |
| 552 | 02:06:30,150 --> 02:06:39,480 | had to close it with a smaller loss and protect your stop loss. That's not going to feel good for the next trade, you're going to be second guessing yourself. |
| 553 | 02:06:39,480 --> 02:06:47,520 | Second, guessing the concepts the day, the model, everything in there going to be perfect little distractions, perfect little excuses to say, it wasn't my |
| 554 | 02:06:47,520 --> 02:06:56,790 | fault, it was something outside of me. And you have to own all that stuff. You have to be responsible about everything you're doing all the ideas, no one's |
| 555 | 02:06:56,790 --> 02:07:04,140 | giving you the idea to push the button. No one's forcing you to collapse the trade. But you have to have rules and ideas that help you manage those |
| 556 | 02:07:04,140 --> 02:07:15,720 | decisions. Because when these markets are moving fast, and this ain't a fast market, this is it's like watching paint, dry and grass grow. I don't like these |
| 557 | 02:07:15,720 --> 02:07:30,270 | conditions, I don't like it. I'm used to waiting for environments that are very quick, very sudden movements, and I want to trade in news environments. But to |
| 558 | 02:07:30,270 --> 02:07:39,600 | properly mentor you, you have to be here seeing this, you have to have your nose in the charts, feeling like you can be doing something else better right now. Or |
| 559 | 02:07:39,600 --> 02:07:49,470 | watch this, watch this video. Later on. When I have extra time, you're gonna fail. I promise you, you're gonna fail. Because you're gonna have so much hope |
| 560 | 02:07:50,430 --> 02:07:57,870 | built up around the hype. That's my concepts right now. Everybody's talking about it using it. And it's in YouTube everywhere. And I'm honored, don't get me |
| 561 | 02:07:57,870 --> 02:08:10,740 | wrong, I'm honored by that. But too many times, it's this hype train around the idea, but not knowing the concepts logic that makes it even work. That's why I'm |
| 562 | 02:08:10,740 --> 02:08:21,420 | offended when I see people pretend they really know what they're talking about. They don't, they absolutely have no idea what they're talking about. And you end |
| 563 | 02:08:21,420 --> 02:08:31,020 | up doing more harm to the people that would be learning this properly. And the closer mind to the whole idea that it's useful information, because you are |
| 564 | 02:08:31,020 --> 02:08:38,790 | talking about something that you don't fully understand. And your your idea about what you think you've understood by watching my video, or watching me talk |
| 565 | 02:08:38,790 --> 02:08:49,830 | about something. And you want to dilute it because the attention span of most people in trading is the attention span of a net. I'm sorry, but this can't be |
| 566 | 02:08:49,830 --> 02:08:58,470 | learned through tick tock. Okay, give me 32nd Viral little pieces of information. It's all I need to get to the point. The point is, is you're going |
| 567 | 02:08:58,470 --> 02:09:06,780 | to fail. If that's your mindset, that's your mentality, you're gonna fail. I promise you, I guarantee you you're gonna fail. absolutely guaranteed it's gonna |
| 568 | 02:09:06,780 --> 02:09:17,160 | happen. Because you're trying to do something, shortcuts and shortcuts don't exist in this doesn't work like that. It's just like weight training and dieting |
| 569 | 02:09:17,160 --> 02:09:26,250 | and doing anything else worth doing. It's going to take time, it's going to be more time than you thought was going to be. And you have to be disciplined, you |
| 570 | 02:09:26,250 --> 02:09:37,830 | have to be responsible. And that means following rules. Inherently human beings don't like to follow rules. And it was not easy for me to do that either. I had |
| 571 | 02:09:37,830 --> 02:09:48,060 | to come up with these rules. And I had to power through the times that I didn't want to listen and I still blew that account. Knowing that the rules that I did |
| 572 | 02:09:48,060 --> 02:10:01,770 | not listen, but I had already put in place. I said no. I'm going to think outside the box here. And wreck those are painful. Since in there needless |
| 573 | 02:10:02,190 --> 02:10:10,980 | lessons to go through, you don't have to have that experience. If you'd listened to me, you can spare yourself all that and have all the upside potential |
| 574 | 02:10:11,010 --> 02:10:19,890 | learning curve minimized by not putting a time limit on I have to understand this by this much time but as a team, you're scaring the hell out of me with all |
| 575 | 02:10:19,890 --> 02:10:30,630 | this stuff you're talking about with this common you can't change it, you can't speed it up to be prepared for it. You have to do these things every day. And |
| 576 | 02:10:30,660 --> 02:10:33,660 | every time it'll condition you and you'll see it you'll understand more |
| 577 | 02:10:39,840 --> 02:10:55,500 | 4119 119 50 That looks like it's doable level today Dollar Index is slipping off we're just trading at that one or 236 level. |
| 578 | 02:11:25,860 --> 02:11:34,920 | That's their fair bit I guess I mentioned earlier in the livestream string up here now with us as a cell targeting the sell side look here, here so go back |
| 579 | 02:11:34,920 --> 02:11:45,150 | and watch that video you can go back and look at the logic in here look through your timeframes and you'll see the dollar index was correcting higher when this |
| 580 | 02:11:45,180 --> 02:12:02,580 | was delivering the cable similar sounds like this one thing I like this one so much because there's a lot of this back and forth stuff that we heard that swing |
| 581 | 02:12:02,580 --> 02:12:23,160 | low here breached Vega displays in the sell side so the silver bullet trade is here for cable and it's here for Euro dollar here's the imbalance I mentioned in |
| 582 | 02:12:23,160 --> 02:12:34,140 | here's that returned back to it at 1040 sell off sales go back and listen to the recording this is the first target and then down here so that's all in this live |
| 583 | 02:12:34,140 --> 02:12:53,280 | stream all given to you live yes has been a bit of a bitch in it wants to get up here so you can't fight these kinds of moves it's frustrating to either submit |
| 584 | 02:12:53,280 --> 02:12:59,850 | to it or don't trade to form three |
| 585 | 02:13:08,640 --> 02:13:17,280 | you can see on the volume and balance from here supported price a fair value got also supported price and we didn't need to come back down and the order block |
| 586 | 02:13:27,990 --> 02:13:38,100 | going into noon our most time I want to see it expand up and just bang that 4119 level and that'll be a closure for today for me |
| 587 | 02:13:50,880 --> 02:13:53,610 | now Southside has moved to here |
| 588 | 02:14:02,430 --> 02:14:04,140 | going to bounce me here |
| 589 | 02:14:15,720 --> 02:14:35,070 | this is boring ICT then you're on the right track. You're on the right track. Because you will not be able to do this on your own until it's boring. You're |
| 590 | 02:14:35,070 --> 02:14:48,150 | not gonna be influenced by the outcome, potential profitability or potential losing. You're indifferent to the outcome. That's the right mindset. Every time |
| 591 | 02:14:48,150 --> 02:15:00,090 | you put a trade on, it's an experiment. You're observing does it do what you think it should do? And you observe and you submit to the time that it takes for |
| 592 | 02:15:00,090 --> 02:15:12,420 | that to occur so we had a higher high here, going into the lunch hour after consolidation. So this is where you want to go through cycling through your |
| 593 | 02:15:13,080 --> 02:15:21,750 | indices lower high that's problematic is that |
| 594 | 02:15:28,410 --> 02:15:40,140 | at a higher high, but I would have preferred to see this stay in your mirror I was talking about I would like to see the bodies stay inside that tournament |
| 595 | 02:15:40,140 --> 02:15:45,180 | lower to down to order block in this gap here but I would have rather seen that's the inside here |
| 596 | 02:15:54,660 --> 02:15:55,380 | yes |
| 597 | 02:16:12,000 --> 02:16:28,380 | I see this volume and bounce here. We want to see price respect that it can wick down into this one but not close the body below it now this one here do this |
| 598 | 02:16:41,910 --> 02:16:50,130 | so I don't have these drawn on my chart. Obviously, this is very distracting for me to teach you like this. But you need these visual aids to see what I'm |
| 599 | 02:16:50,130 --> 02:16:58,800 | looking at where my attention is. Over time, you won't have them on your chart either. Very beginning, it's important for you to note them because you're going |
| 600 | 02:16:58,800 --> 02:17:08,910 | to log them. And having examples like this, referring back to old moves, where you've watched this and screenshot it and all these instances where price does |
| 601 | 02:17:08,910 --> 02:17:18,930 | these things on teaching you that you should respect and how they should deliver. By having lots of examples of them, you will feel much more confident |
| 602 | 02:17:18,930 --> 02:17:27,330 | when you're watching Real Time price action because your subconscious remembers all the things that you're celebrating as experiences in your journal. So you |
| 603 | 02:17:27,330 --> 02:17:35,430 | want to make that journal, very high energy and positive all the time. Because it means it's going to mean something to you just like when you buy your new |
| 604 | 02:17:35,430 --> 02:17:44,430 | car. And when you drive off the lot and you think you had bought the car everybody else is now and when you like the car, yeah. But now because you |
| 605 | 02:17:44,430 --> 02:17:51,630 | bought it, you've anchored it to something much more emotional to you, it's meaningful to you. So you want to treat all of the things in your journal, much |
| 606 | 02:17:51,630 --> 02:18:00,690 | in the same way. You want to make it a positive experience. So everything you look at in there is going to be keying up your reticular activating system. And |
| 607 | 02:18:00,690 --> 02:18:07,140 | that means that your your eye when you're watching Real Time price action, you'll see these things real time. Whereas right now, and you may not have |
| 608 | 02:18:07,170 --> 02:18:16,020 | noticed the volume imbalances, you may not have noticed the fair value gaps that I'm pulling out. But you're seeing them done real time. And you're watching the |
| 609 | 02:18:16,020 --> 02:18:25,080 | reaction in price afterwards. So we're anticipating we're not reacting to price, we're anticipating what price is going to do. And in the beginning, you're gonna |
| 610 | 02:18:25,080 --> 02:18:32,760 | do everything wrong. And you're gonna feel like you're not learning and that's normal. But you want to record in your journal, like you saw these things |
| 611 | 02:18:32,760 --> 02:18:43,260 | happening before the fact it was amazing to see this pan out, as I expected. And you're tricking your subconscious into thinking that you had that experience for |
| 612 | 02:18:43,260 --> 02:18:51,420 | real. It's positive self talk. It's just like, if you were having an anxiety attack, you're telling yourself, there's no reason to be afraid. There's no |
| 613 | 02:18:51,420 --> 02:19:00,150 | reason to be concerned, there's no emergency, there may have been something that triggered it. But the way you talk yourself down, you're feeding yourself |
| 614 | 02:19:00,150 --> 02:19:11,430 | positive reinforcements these things that need to be positive in your journal. If you don't do that, in your journaling, you talk about how this sucks another |
| 615 | 02:19:11,430 --> 02:19:21,030 | losing week, another losing day on they're gonna get this crap is effing garbage. Whatever the toxicity is that you feel like you want to put in there, |
| 616 | 02:19:21,060 --> 02:19:32,820 | don't replace it with something that you feel good about. Even if you have to find it. In hindsight, that is going to be remembered by your subconscious. So |
| 617 | 02:19:32,820 --> 02:19:41,070 | when you're watching price action, your brain will see these things just like your car, when you buy it. You're going down the road, you're not really looking |
| 618 | 02:19:41,070 --> 02:19:49,650 | for your car because you're in it. But then you're I jumped. I just bought this Jeep. It's got all the customizations and this guy or this gal to the spa the |
| 619 | 02:19:49,650 --> 02:20:01,080 | same thing, man, because you think you have the only one like it? Well, in reality, your journal is that very thing. It's the only one like it That's the |
| 620 | 02:20:01,080 --> 02:20:09,180 | best trading book that was ever written, and you're the author, that's amazing. Because these things are going to be much more impactful to you, they're not |
| 621 | 02:20:09,180 --> 02:20:17,790 | going to be all that meaningful to someone else that they read it. But to you, it means a lot. This is your journey, this is what you've been working and |
| 622 | 02:20:17,790 --> 02:20:27,210 | striving for. And it's full of the best cheerleading ever, that is impactful and meaningful to you. So when you do your journaling, and you annotate your charts, |
| 623 | 02:20:27,660 --> 02:20:38,730 | you record the observations that you're seeing in price action, as if you saw it beforehand. And the way it works is that you see this and you study your journal |
| 624 | 02:20:38,730 --> 02:20:46,470 | on the weekends. Look at price action moves in relationship to how the week closed, and go back and look at your screenshots and what you were recording in |
| 625 | 02:20:46,470 --> 02:20:56,670 | your observations on that particular session that particular day, and how it fits in the grand scheme of the entire week. And over time doing that you're |
| 626 | 02:20:56,670 --> 02:21:07,050 | building pseudo experience that will feel like experience that's been acquired over the years, when you start looking at real time price data. And you forecast |
| 627 | 02:21:07,710 --> 02:21:16,950 | over the tape, what you think you should see in price, how should it behave? Should it find support this level? Should it gravitate to this level? Should it |
| 628 | 02:21:16,950 --> 02:21:27,990 | not do a specific thing? How should it behave? The rules that I'm teaching you are those ideas, but you have to submit to them. But you also have to do the |
| 629 | 02:21:27,990 --> 02:21:39,840 | work of recording annotations in old moves, screenshot them even if you weren't able to watch it live but you record all that stuff real positive like |
| 630 | 02:21:39,870 --> 02:21:49,380 | supporting your your view on like you were you like you were there. Like we're watching all this stuff real time here. You record to a I saw price action do |
| 631 | 02:21:49,380 --> 02:21:59,880 | this live and it was such a rewarding experience to see it pan out to script. Now you may not have had that very thing in mind. When you were looking at it on |
| 632 | 02:21:59,880 --> 02:22:05,640 | your phone at work. You had no idea what was happening. But when you get home from work, or you come home from school or you wake up because the market traded |
| 633 | 02:22:05,640 --> 02:22:17,010 | when you were sleeping, then you record it like you did see it and it tricks your brain it gives you a head start in experience and you're filtering out all |
| 634 | 02:22:17,010 --> 02:22:24,660 | the negative things which was everybody does this in the beginning. They talk themselves out of doing this they scare themselves they talk themselves out of |
| 635 | 02:22:24,690 --> 02:22:30,900 | LoL never learned this stuff. It's too complicated. It's too hard too many rules. How do I know when to do this? How am I going to do that? It seems like |
| 636 | 02:22:30,900 --> 02:22:40,170 | all these things are changing all the time. The goalpost is moving all the time. It's not is this you're trying to anticipate on the internet you're trying to |
| 637 | 02:22:40,170 --> 02:22:50,280 | accelerate the learning curve when time is necessary. And how much time is going to be unique to each one of you. But you have to give yourself permission to |
| 638 | 02:22:50,490 --> 02:22:53,550 | require whatever that time is and submit to it. |
| 639 | 02:23:12,300 --> 02:23:13,410 | So we have |
| 640 | 02:23:20,910 --> 02:23:27,810 | almost five angles from this volume and bounce from here gravitating towards that 4119. |
| 641 | 02:23:46,110 --> 02:23:54,300 | To be open on this candle, filled in that little gap that Marya that one I want to see this candle or the next one running to that 4119. |
| 642 | 02:24:07,560 --> 02:24:15,600 | Down here we have a volume imbalance I mentioned real time I talked about the fair value. Let me draw it so that way you can see the three that were there at |
| 643 | 02:24:15,600 --> 02:24:19,230 | a time so that we can give you an idea what your journal should look like. |
| 644 | 02:24:26,490 --> 02:24:37,410 | And I wish I had this when I was coming off. This would have been such a huge help to me. What I've been looking at things are a lot different. I'll be much |
| 645 | 02:24:37,410 --> 02:24:39,810 | more disciplined about what how I studied |
| 646 | 02:25:13,320 --> 02:25:24,750 | Okay, see, one bounce fair value got a mean threshold order block, there's a three PDF phrase never reached any of that. So all of this here, every time you |
| 647 | 02:25:24,750 --> 02:25:32,130 | see the market trade above a short term high, it's indicating what order flow is bullish that drops back down into any of these, this kind of raise, you can |
| 648 | 02:25:32,160 --> 02:25:42,600 | accumulate a long position if, if you're not in the premium range of where you're targeting. But because you would be in a trade hindsight looking back |
| 649 | 02:25:42,600 --> 02:25:52,380 | here somewhere, you'd have to trade your position and manage it with this logic. And there's something you're gonna be like I'm using this, this is this makes |
| 650 | 02:25:52,380 --> 02:25:59,040 | perfect sense, I'm gonna use this as my model, you're gonna get hurt, because you're gonna be trying to trade in the premium areas when we're gonna be |
| 651 | 02:25:59,040 --> 02:26:10,140 | transitioning to lunch. And we're already rich in terms of a premium and you're gonna get retracements that run against liquidity. And there might be times like |
| 652 | 02:26:10,140 --> 02:26:19,440 | it does here it pans out nicely. But usually, this time of day you'll see it come back on the stocks that hadn't been traded to and punish the people that |
| 653 | 02:26:19,440 --> 02:26:21,060 | have been trying to profit going higher. |
| 654 | 02:26:57,180 --> 02:26:59,790 | Take a look at the NASDAQ real quick |
| 655 | 02:27:08,250 --> 02:27:28,140 | down remember that mitigation block that got reactive so you know who knows what this |
| 656 | 02:27:34,260 --> 02:27:38,430 | now sellside has been raised to hear. |
| 657 | 02:28:08,100 --> 02:28:25,230 | So from 4113 to eating it's five handles on the balance here to here's a high comes in 18. One balance. So you want to screenshot that in like you can use my |
| 658 | 02:28:25,230 --> 02:28:34,170 | chart right here. For instance, as an example, over here, you would annotate that the market has shown willingness to want to go higher towards the daily |
| 659 | 02:28:34,890 --> 02:28:46,260 | volume imbalance, which is this shaded area up here. That's it. This is that pink shaded area. And the old high at March 16. I'm sorry, march 6 2023. That's |
| 660 | 02:28:46,260 --> 02:28:58,410 | it, this level is the 119 50 level. And you annotate that as you saw this coming, we watched it live. So you really aren't lying about that because you |
| 661 | 02:28:58,410 --> 02:29:08,520 | did see it but I told you to watch it. And it deliberately offered five handles going towards a level that we were looking for 4119 for the 1950 that daily |
| 662 | 02:29:08,520 --> 02:29:30,900 | going imbalance and it accelerates to the upside go to your daily chart with ES and look at the February 16 of 2023. That is a city soltana balanced by citing a |
| 663 | 02:29:30,900 --> 02:29:47,880 | deficiency and you want to have that annotated on your chart using the low of February 15 and anchoring your rectangle to the high of February 17 and then |
| 664 | 02:29:47,880 --> 02:30:02,730 | extend that going into the future. That would be if we get above the volume imbalance that is formed on the date of February 17 And February 28. First that |
| 665 | 02:30:02,730 --> 02:30:19,020 | volume gallons on the daily chart, if we get above that when we have that fear a gap, that's essentially the 16th of February on your daily chart for yes. |
| 666 | 02:31:22,380 --> 02:31:35,070 | I mentioned to see how we trade it 41 1950 or above, because this has been a long run up on one side of each day since Tuesday. So that's taking an old daily |
| 667 | 02:31:35,070 --> 02:31:40,770 | high. So there might be a lot of reaction once we get above that. |
| 668 | 02:32:08,490 --> 02:32:17,730 | It seems boring when you're going through it. But when you look after the fact and see what's on the chart that we were looking at and annotating live. It |
| 669 | 02:32:17,730 --> 02:32:23,820 | gives you a different perspective versus if you're just watching it and you're just very highly critical. You're really not trying to learn you're just looking |
| 670 | 02:32:23,820 --> 02:32:33,480 | for something to complain about and say, Why do you do this and might do that, instead of asking why I didn't do this am I didn't do that reason with yourself |
| 671 | 02:32:33,510 --> 02:32:42,360 | and reflect on the things I've pointed out in the chart as it was happening. Because that's the that's the things I'm drawing your attention to the things |
| 672 | 02:32:42,360 --> 02:32:50,850 | you're going to ask me about why you do this might do that has no bearing on why I'm looking at price the way and so because I didn't talk about it means I'm |
| 673 | 02:32:50,850 --> 02:32:59,340 | interested in. If I'm not interested in it, use the logic that you're trying to figure it out of something that had no no bearing, or basis as to why I think |
| 674 | 02:32:59,340 --> 02:33:08,430 | price is going to behave the way it did. I can't change the chart. I mean, you watch me paint it live and we're still live here. There's not some cherry picked |
| 675 | 02:33:08,460 --> 02:33:18,480 | out after the fact Photoshop thing. It's bringing your attention to the things that I see in price, how it should behave, how it should deliver. And over time, |
| 676 | 02:33:19,050 --> 02:33:30,570 | you'll be able to see your Like for instance, look at what we've been here we got wait now what we have in our chart that I'm showing you I got this orient |
| 677 | 02:33:30,570 --> 02:33:31,950 | looking at that thinking that was a fair value. |
| 678 | 02:33:57,480 --> 02:34:13,230 | So looking at this. Let's take the sales side and the current offer. Now. Looking at this, do you see a pattern? Do you see a setup? Do you see a model of |
| 679 | 02:34:13,230 --> 02:34:22,620 | the things I've taught which P D rated? speaks most clearly to you looking at this or here there's been several instances where price has been called that |
| 680 | 02:34:22,620 --> 02:34:34,290 | react a specific way and it has done so what in this fractal of price action that means this the portion I'm showing you that's it that's a fractal? What in |
| 681 | 02:34:34,290 --> 02:34:43,050 | this delivery of price is your choice setup that you think is easy for you to spot that makes sense to you. Not all of you are going to agree with everything |
| 682 | 02:34:43,050 --> 02:34:56,340 | I have here but it's in the chart. I was watching this just like you are live. I don't have yesterday's recorded video being shown to you right here. I'm doing |
| 683 | 02:34:56,340 --> 02:35:08,190 | this right now with a one minute chart in front of all of you What is in this chart that I annotated? What is it in here? That is your model or closest to |
| 684 | 02:35:08,190 --> 02:35:21,030 | your model? Is it the fair value gap here? Is it the volume imbalance? Is it the inversion fair value gap here, which we were looking for it to do what? sell |
| 685 | 02:35:21,030 --> 02:35:29,520 | off. And then the trade idea was no good, because it did this candle close outside of the range. So we talked about how we can mitigate the loss, make it |
| 686 | 02:35:29,520 --> 02:35:38,520 | smaller, I took you into NASDAQ, I showed you okay, we use the six SR approach where we can now mitigate that actual whilst that would have been realized by |
| 687 | 02:35:38,730 --> 02:35:49,980 | collapsing a tree because it was outside the entry. So that would have been mitigation of loss. And then we have this extended forward. If it was failing to |
| 688 | 02:35:49,980 --> 02:36:05,370 | go into a short here. What does it provide for us? inversion, so it trades away, comes back down in and does what offer support and starts to gravitate higher. |
| 689 | 02:36:08,430 --> 02:36:23,580 | Mentioned that okay, this puppy wanted to go to 4119 41 1950, that daily volume imbalance. So our mindset shifted to looking for all the PV arrays that would |
| 690 | 02:36:23,580 --> 02:36:40,950 | support price going, where we're seeing it reached to. So which one in here is meaningful to you? This is the part where mentorship is individual. It's |
| 691 | 02:36:40,950 --> 02:36:49,800 | uniquely your moment to decide what you're going to do in price, because not every one of you are going to agree with everything I've mapped out here. Real |
| 692 | 02:36:49,800 --> 02:37:03,690 | time in the market just use this as stairstep each thing was being respected each thing was being delivered to and from you're not going to agree on all of |
| 693 | 02:37:03,690 --> 02:37:15,330 | it. You're going to see certain things in here that some other students watching would say, I'm not interested in that, for I would have traded this order block. |
| 694 | 02:37:16,200 --> 02:37:24,600 | If it would have traded down to that. And because it didn't, I missed the move. Okay, that's fine. There's nothing wrong with that. But question was using what |
| 695 | 02:37:24,600 --> 02:37:38,400 | I've outlined here? What would be the thing that you would gravitate to? Or where does your attention gravitate to? Using what I've outlined here? Is it |
| 696 | 02:37:38,400 --> 02:37:49,140 | something that you've seen repeat in your own observations, and now you've watched it live, be referred to in price delivery. And now you've seen it paying |
| 697 | 02:37:49,140 --> 02:38:01,710 | out that encouragement that it comes from you seeing it doing it, watching it submitting to tape reading, where you're not pushing a button. And you had all |
| 698 | 02:38:01,710 --> 02:38:11,160 | the upside advantages of not having any risks to worry about. You don't have to be worrying about whether you're right or wrong. You're learning how to read |
| 699 | 02:38:11,220 --> 02:38:22,410 | with prices doing. And over time, because you're able to do this and you're bored by it. That's the goal. You want to be bored, you know what it's likely to |
| 700 | 02:38:22,410 --> 02:38:29,730 | do, you don't really care if it works, you don't really care if it doesn't work, you're just going to stick to the rule because this is what you're supposed to |
| 701 | 02:38:29,730 --> 02:38:39,780 | be doing. That's the exercise. This is the regimen that you have to put yourself through for months. And once you submit to it long enough, you'll be able to see |
| 702 | 02:38:39,780 --> 02:38:50,100 | these things like I'm painting for you live and watching how price delivers from them gravitating towards a logical level of liquidity or inefficiency. |
| 703 | 02:39:07,140 --> 02:39:17,460 | I remember when I was first learning how to do this. And I was starting to just get the early stages of seeing some of these PDFs, not all of them didn't come |
| 704 | 02:39:17,490 --> 02:39:34,740 | all at one time. Each one of them came in at different stages in time. But I remember how it felt for me where I could see them for me. And the excitement of |
| 705 | 02:39:34,740 --> 02:39:46,440 | knowing that I've seen this before. And I can't wait to see it deliver like I expect and I would get so euphoric. It'd be like a euphoric feeling come over |
| 706 | 02:39:46,440 --> 02:39:57,600 | me, because I could see it. Like for instance, just the movement from this volume of balance here from here. Just to run above this high here in the bond |
| 707 | 02:39:57,600 --> 02:40:15,330 | market. That was enough for a trade $31.25 per tick. If you get 10 ticks, that's over 300 bucks. That was more than I was earning at my job all week. Yeah. So |
| 708 | 02:40:15,360 --> 02:40:30,570 | when I started seeing these PV arrays, and expecting them to deliver, as I would expect the Azure daily volume, the balance of trade to there. It was a very |
| 709 | 02:40:31,620 --> 02:40:45,840 | monumental experience for me. Because I was always fearful that there was no way I was going to learn how to do this. Because it felt so complicated. It felt so |
| 710 | 02:40:45,840 --> 02:40:57,720 | out of reach. In every book, and every course and everything, I paid money, didn't do anything, but add more things for me to sift through. And it was |
| 711 | 02:40:57,720 --> 02:41:08,310 | frustrating, because I knew that I could beat this shit. I knew I could do it. I just got to stop looking at the stuff that was keeping me distracted from what's |
| 712 | 02:41:08,340 --> 02:41:19,800 | really going on. And when I moved indicators, I said, That's it. All these indicators, all these settings, what combination of integrators and what moving |
| 713 | 02:41:19,800 --> 02:41:32,040 | averages and all this other BS. When I said, I'm starting all that, I need to know what price is doing. In that way, if I'm only looking at each individual |
| 714 | 02:41:32,040 --> 02:41:42,690 | bar, which was open, high, low and close, not candlestick, because when I was younger, I looked at it not as a candlestick. So it taught my eyes up, straining |
| 715 | 02:41:42,690 --> 02:41:56,100 | it looking at just a wick with a dash to the left and a dash to the right. Nobody's. And when I got to the point where I could see one PV array, and it |
| 716 | 02:41:56,280 --> 02:42:05,610 | became a recurring thing, every day, I'd go in and look for it, I would look for it, I would look for it. Now, mind you, it was in hindsight, because I had to |
| 717 | 02:42:05,610 --> 02:42:13,560 | have a work jerk when I got the job, I drove a truck and all my attention was focused on I can't wait to go home and see what it's done. Because I had a quote |
| 718 | 02:42:13,560 --> 02:42:20,760 | truck in my hand, that literally was just giving me the data. And if you're 41 1950, and that's probability. |
| 719 | 02:42:26,340 --> 02:42:38,910 | Here we go. So you want to screenshot that. And that is nine handles 10 handles. |
| 720 | 02:42:49,470 --> 02:43:02,550 | And he was kind of like what you're experiencing here today. For some of you, I'm quite certain that this was a waste of time. I know. I know. You want to |
| 721 | 02:43:02,550 --> 02:43:12,180 | have something to be critical about? You want to see a button being pushed? You want to see, can I really trade? Can I do this? And can I do that? If you're |
| 722 | 02:43:12,180 --> 02:43:22,410 | listening to me, I'm telling you what the price is going to do when it shouldn't do it. If you think I can't trade and be able to do this, though. You just want |
| 723 | 02:43:22,410 --> 02:43:32,670 | signals. And I don't care what you think about me. You want to be able to copy me. Because if I wasn't able to do this, if I was unable to do it, and I wasn't |
| 724 | 02:43:32,670 --> 02:43:42,720 | accurate enough to see these things forming real time. You wouldn't be wasting your time watching me. You wouldn't be here. If this was not something that was |
| 725 | 02:43:42,720 --> 02:43:48,960 | repeating that you could see that it was forming real time. And it was gravitating to where I'm drawing your attention to. You wouldn't even be |
| 726 | 02:43:48,960 --> 02:43:58,440 | watching my videos, but you keep coming back. So the people that say I want to see you do this, and I want to see you do that. My retort is this, I want to see |
| 727 | 02:43:58,440 --> 02:44:09,630 | you debunk what I'm doing. Because this is all in front of all of you live. It's on a live stream, I have it on the lowest latency. That means this as fast as |
| 728 | 02:44:09,630 --> 02:44:20,790 | YouTube can get it from my screen to yours. That's what you're seeing. It's real time, it's not the lead. I'm staying on one chart and I'm toggling inside this |
| 729 | 02:44:20,790 --> 02:44:32,250 | chart. I'm not showing another monitor. There's no extra flat tops being utilized and cherry picking this and cherry picking that you can learn from me. |
| 730 | 02:44:33,330 --> 02:44:44,130 | And all I'm asking you to do is put some time into it. I promise you, you will improve. You won't have all these tug of war scenarios in your head about what |
| 731 | 02:44:44,130 --> 02:44:47,970 | is it you're doing. What am I waiting for? deer in headlights scenario |
| 732 | 02:44:54,480 --> 02:45:08,130 | I've literally I literally have sat back and watched my son I do everything wrong. This week, he reset his account, I think four times already or four |
| 733 | 02:45:08,130 --> 02:45:18,870 | times, because he's trying to do something that is against what I'm teaching you right here. He thinks he's going to do something different, which doesn't make |
| 734 | 02:45:18,870 --> 02:45:29,520 | any damn sense to me. But Human nature being what it is, I have paid students that tried to do that stuff. And I don't understand it. Like I don't understand, |
| 735 | 02:45:29,730 --> 02:45:39,840 | if I'm sitting here explaining to you what it's likely to do, showing you where to focus. And then it's reacting off of that. The only thing that's different is |
| 736 | 02:45:39,840 --> 02:45:47,640 | when you see that it's trading down to that level, and you anticipate a reaction going in a different direction, you push a button to buy it. Like that's a hard |
| 737 | 02:45:47,640 --> 02:45:57,360 | thing to do. It's not hard. That's not hard. What I'm doing here is hard. Because I could be wrong in front of all of you. And if I was a fraud, I |
| 738 | 02:45:57,360 --> 02:46:07,980 | wouldn't be able to do this. I wouldn't be able to be this consistent all the time, real time, every day. If the logic wasn't there, you wouldn't see these |
| 739 | 02:46:07,980 --> 02:46:17,370 | things panning out like this. If the market wasn't algorithmic, it wouldn't be doing these things, reacting exactly where I said it should react. Look at those |
| 740 | 02:46:17,370 --> 02:46:27,030 | volume imbalances. You don't see that in books. You don't see them online. Now they are because they took my stuff from mentorship and put it in Amazon books. |
| 741 | 02:46:27,990 --> 02:46:42,480 | But all that stuff's after their ISBN number and their date of print is after my mentorship 2016 2017. That's when I put it in public hands behind the paywall, |
| 742 | 02:46:42,480 --> 02:46:55,050 | but now it's in everybody's hands on that YouTube channel. And you can see where all of your mentor really learn from but can't do. It's easy to talk about what |
| 743 | 02:46:55,050 --> 02:47:06,420 | it is that I've already put out there. And you can be an echo. But you're not teaching. You're repeating what I've said. And you're trying to change things |
| 744 | 02:47:06,420 --> 02:47:20,820 | that make it something unique to you. And you have no idea what the algorithm does. You're still busy trying to call it like off. And it's not. So I'm not |
| 745 | 02:47:20,820 --> 02:47:34,800 | sure what you got from today. But I believe that if I were in your position, and I was learning how to do this, and I was a fledgling student of price action, |
| 746 | 02:47:36,480 --> 02:47:45,450 | I'd be looking for half of the daily volume imbalance. So you would get a range from high to low 50% of that that's consequent encouragement, because buying the |
| 747 | 02:47:45,450 --> 02:47:53,430 | balance is in efficiency. So it's constant encouragement when it's not an order block. And then we want to see if it wants to trade up to here. Okay, and then |
| 748 | 02:47:53,940 --> 02:48:03,090 | if it does that. 4125 And then what's the range? |
| 749 | 02:48:08,640 --> 02:48:21,060 | 4130 and a half. You want to have that noted, that would be the only other objective. I think that could happen today. But we've moved a lot this week, I |
| 750 | 02:48:21,060 --> 02:48:34,530 | mean, we've really moved a lot. And I think that you trying to chase it up at these levels would be not the smartest thing in the world. So But getting back |
| 751 | 02:48:34,530 --> 02:48:50,670 | to our saying in closing. I believe that what I covered today is paramount in a new trader or student price actions, development. I taught you how to anticipate |
| 752 | 02:48:50,760 --> 02:49:04,860 | difficult market conditions still navigating it, how to utilize other markets to support the idea or negate an idea. I talked about how pushing yourself into a |
| 753 | 02:49:04,860 --> 02:49:17,010 | trade environment that you know, based on what I'm teaching this, it's low probability which was that short earlier in the day back here. Okay, I indicated |
| 754 | 02:49:17,010 --> 02:49:27,570 | it was low probability, listen to the recording, don't have selective hearing and block it out and try to come up with a unrealistic critical stance. I framed |
| 755 | 02:49:27,570 --> 02:49:37,620 | it with the logic that was low probability. And I said in the hypothetical stock would be here now watch. As soon as that candle closed, outside of that fair |
| 756 | 02:49:37,620 --> 02:49:46,380 | value got that was the first indication. And then this candle opened in went above this candle time right here this candles high right there. Soon as it did |
| 757 | 02:49:46,380 --> 02:49:58,890 | that, done, close the trade get out of it. So I taught you how to abort a trade. Why when what does it look like? You can use this with the 2022 model. Because |
| 758 | 02:49:58,890 --> 02:50:06,210 | that's what you're doing. You're trading a fair Vega, I told you that it didn't really take out this low here, this is high probability Mints are at high risk, |
| 759 | 02:50:06,240 --> 02:50:18,180 | low probability condition. And that was only leaning on what Forex is already done in the dollar was indicating, by itself is not enough. They all have to |
| 760 | 02:50:18,180 --> 02:50:29,490 | agree they have to be in alignment, that's similar. That's a market that's symmetrical to all things are green. That's okay, we're gonna close it. And I |
| 761 | 02:50:29,520 --> 02:50:38,910 | told you that when I was 20, when I saw these types of things here, my first indication would be to what react to price, and how that I react as a 20 year |
| 762 | 02:50:38,910 --> 02:50:48,030 | old the price opened my stop up to a larger stock, look at what it's done, no matter where I would move my stop. Or if I removed the stock, which I did as a |
| 763 | 02:50:48,030 --> 02:50:57,840 | 20 year old, I will be suffering to all this. And finally, I had to puke my guts up because I couldn't hold on to a trade anymore. I I've done that. If you don't |
| 764 | 02:50:57,840 --> 02:51:06,630 | learn this, you'll do this too. And it's avoidable. You have to have a role based idea. What's the protocol? What's the process that keeps you from doing |
| 765 | 02:51:06,630 --> 02:51:14,160 | that type of stuff? That's what you learn today. So thinking about that 2022 model, where it's a shift in market structure, you get into a Faraday gap, how |
| 766 | 02:51:14,160 --> 02:51:23,850 | do you know, ICT? How do you know if the trade is going to be good? Or if it's going to turn against you? I taught you that today. That's mentoring. I did it |
| 767 | 02:51:23,850 --> 02:51:33,960 | over live data. Real time? Do I need to push a button to teach that logic? No, the logic was explained to you real time. If I put a trade on, you're worrying |
| 768 | 02:51:33,960 --> 02:51:44,970 | about the numbers of how much I'm making and losing. Versus is the logic really there. If it's not, you'll know. If this stuff doesn't pan out, if I don't know |
| 769 | 02:51:44,970 --> 02:51:58,980 | what I'm talking about. I'll look like a fool out here. And every time I'm out here, it's dancing to my drum. That's that was protected. The small loss was |
| 770 | 02:51:58,980 --> 02:52:06,780 | mitigated by taking us back over to NASDAQ and use the sick sister approach. That means when the market started, move, let's go over there now real quick. |
| 771 | 02:52:08,940 --> 02:52:20,280 | The losing trade idea that was hypothetically discussed here at the 1050 time window, let's go with NASDAQ real quick. I appreciate you guys that are hanging |
| 772 | 02:52:20,280 --> 02:52:27,060 | out with me still, it means you're probably going to be the ones that succeed. The ones that do the ghost and said I ain't got no time with this, we got to go |
| 773 | 02:52:27,060 --> 02:52:39,360 | somewhere else. They're never going to make it. So the idea was we would look for this down close candle inside that range. America said while we were here, |
| 774 | 02:52:39,780 --> 02:52:45,630 | before this range expanded on this candle, I said hypothetically, we would use the opening price here that would be your fill in that said we'll give it even |
| 775 | 02:52:45,630 --> 02:53:03,750 | the worst case scenario and use this candles high, which was 81 I'm sorry. 184 and a half. Looking for a roundabout this here. So you could get your handles to |
| 776 | 02:53:03,750 --> 02:53:12,660 | mitigate the losses you took or I would have taken and I will put me at square one plus some. So now I have a little bit of a cushion. Then I can go back to my |
| 777 | 02:53:12,660 --> 02:53:27,330 | market of choice, which is leading what? Yes. Go back to ES. And our focus became all this. So it allows me to realign myself with a market that I now know |
| 778 | 02:53:27,360 --> 02:53:36,240 | it's likely to go up into this area where we've traded to. It wasn't both sides of the marketplace where I was unsure you heard it. But when I was expecting |
| 779 | 02:53:36,240 --> 02:53:43,770 | certain things, go back and listen. Go back and listen and look at what I'm annotating on the chart. I'm taking your attention to very specific things |
| 780 | 02:53:44,520 --> 02:53:57,390 | waiting for it to react this predefined rule based idea if we're above it, and we're trading down into it. What am I saying? I want to see it support it. It |
| 781 | 02:53:57,390 --> 02:54:08,970 | shouldn't go beyond that. Look at this candles opening price. That's this one up here. Okay, upper left hand corner that oh, look at the opening price. I'm |
| 782 | 02:54:08,970 --> 02:54:24,510 | sorry, the closing price rather. It's this one. Okay, that right there. What's that closing price? 41 10.75. What's the low of this candle? Right here? That's |
| 783 | 02:54:24,510 --> 02:54:48,900 | this one. This figure right here. Okay. What's the low of that candle I'm working on the low is 4111 so it at that closing price 41 10.75. It was one tick |
| 784 | 02:54:49,470 --> 02:55:02,700 | above that but didn't violate the volume imbalance at all. reacted trade higher. This was the other PDRs here's the Fear of a gut biome imbalance and immune |
| 785 | 02:55:02,700 --> 02:55:11,220 | threshold of the waterblock. That's, that's my three PD arrays. So those three PD arrays needed to do what go back and watch the time and I was watching those |
| 786 | 02:55:11,220 --> 02:55:20,160 | candles print price needs to be supported. But we don't want to see a closing body below that, because that would be a breach of three PD rays in order flow |
| 787 | 02:55:20,160 --> 02:55:33,750 | would be shifting, no longer bullish for the near term. Did it do it no. market rally the bullish short term high here runs above it comes back down into the |
| 788 | 02:55:33,750 --> 02:55:44,280 | fear that you got. You can be a buyer in there, but not if we're this close to our target, you have to manage the trade. So that's the understanding of when do |
| 789 | 02:55:44,280 --> 02:55:53,940 | you take trades versus watching price in an open position. I'm using the pdra matrix when we're when we're really rich in a premium in a long order flow |
| 790 | 02:55:53,940 --> 02:56:03,480 | that's bullish, you're not trying to add more to pyramid, you don't want to do that. Because you're already high up in that PV array matrix where it could |
| 791 | 02:56:03,480 --> 02:56:13,050 | retrace back to equilibrium. And you don't want to be in that. That's the reason why I don't pyramid or add additional entry points. Once I get past equilibrium |
| 792 | 02:56:13,110 --> 02:56:26,130 | of the anticipated range, meaning let me show you what I mean by that. So we were looking for 4119 and a half that was that Mark six high. Okay. And for the |
| 793 | 02:56:26,130 --> 02:56:29,850 | purposes of your learning here. |
| 794 | 02:56:35,340 --> 02:56:59,370 | Hope you guys appreciate this. middle center March is not working. Right. Here we go. So that's the march 6 2023, high level 4119 and a half down here, I |
| 795 | 02:56:59,370 --> 02:57:11,910 | extended this for where we saw that it did not not offer a shorting opportunity. So if it negates that idea, what does it become an inversion Vega. That means |
| 796 | 02:57:11,910 --> 02:57:20,700 | once it leaves, it comes back down in, you're looking to see if price is going to support it going higher, or it supports price to go higher. It does, it |
| 797 | 02:57:20,700 --> 02:57:36,120 | starts to trade higher. So from here, that's the inception. Looking forward to go up here. Your fib on that low to the objective that you think is where it's |
| 798 | 02:57:36,120 --> 02:57:50,100 | gonna go to, which is that 4119 and a half this range. That's an implied dealing range, it has not yet materialized. Your analysis is implying that if this move |
| 799 | 02:57:50,130 --> 02:58:04,860 | occurs, if it delivers that move up there. At certain points within that range, there should be some measure of new re accumulation, meaning here 75% of it. |
| 800 | 02:58:05,640 --> 02:58:16,920 | Here's 50 and 25. So first quarter of the range between this low and that high is here. So we have an expansion there. So nothing really starts outside of what |
| 801 | 02:58:16,920 --> 02:58:25,500 | we've already seen here. Then it runs and then we have 50%. Isn't it interesting that we saw all of the consolidation, which is exactly what's in my core content |
| 802 | 02:58:25,500 --> 02:58:35,100 | lessons, look at grading price swings. That's what I'm doing here. I'm doing this, but I'm not I don't have the luxury of time to do all this explanation. |
| 803 | 02:58:35,430 --> 02:58:43,140 | While these one minute candles are painting. So I annotate certain things knowing that I can come back and fill in and amplify your learning. With all the |
| 804 | 02:58:43,140 --> 02:58:52,260 | things that already taught you in conjectured lessons that are in hindsight, never work in real time know, with real logic that's in those lessons that I |
| 805 | 02:58:52,260 --> 02:59:01,950 | keep using constantly in front of you. If the logic is flawed, this stuff wouldn't work. If I'm a fraud, I couldn't do it in front of you. And I'm doing |
| 806 | 02:59:01,950 --> 02:59:10,830 | it live. Everybody asked for this forever. I didn't want to do it. No, I'm doing it. You got until the second week of November. If you waste the opportunity, |
| 807 | 02:59:10,830 --> 02:59:18,930 | it's on you. You wasted it. But the consolidation happens in equilibrium, which is this 50% level. Look how much it's spent time around here accumulating what |
| 808 | 02:59:19,800 --> 02:59:29,520 | new long's that you have to manage as part of your open position that starts down here? Or maybe you didn't on this while you're balanced out here, but we |
| 809 | 02:59:29,520 --> 02:59:39,960 | watched live to that depends on what you were your entry would have been? You're going into this so that we can record it and take these moments and add pseudo |
| 810 | 02:59:39,960 --> 02:59:49,170 | experience for your journaling. But the logic is the consolidation is midway between where you think it's going to go to that's the target. So it |
| 811 | 02:59:49,170 --> 03:00:01,680 | consolidates it that 50% level that's equilibrium and where it will consolidate. So you can anticipate longer periods of time distortion What's that, where the |
| 812 | 03:00:01,680 --> 03:00:12,000 | market is continuously move sideways, and every little PD array that would otherwise be utilized in other times, like when the run is occurring? You have |
| 813 | 03:00:12,000 --> 03:00:20,310 | to take away some of these candles. Okay, take some of these candles away, it just ignore them because every one of these candles are inside of the range from |
| 814 | 03:00:20,310 --> 03:00:32,640 | this high to that low. So we don't need to see all of them. What's the defining range high and low? This high, that low in that high? What is the PDA rate? It |
| 815 | 03:00:32,640 --> 03:00:41,820 | should support price. Fair I got the bodies are supporting it. Did it close below it know that any other body close below the low end that that everybody |
| 816 | 03:00:41,820 --> 03:00:53,010 | got? No. So what is it suggesting it's accumulating? What? New lungs. So it's allowing smart money to accumulate their long positions in here and then wait |
| 817 | 03:00:53,010 --> 03:01:00,810 | for the market to trade higher displace. That means the short term high taken out, that's also qualifying and confirming that order flow is bullish, you don't |
| 818 | 03:01:00,810 --> 03:01:09,510 | need a DOM. You don't need book maps, you don't need heat maps, you don't need anything kind of indicator stuff. It's something else that look at volume |
| 819 | 03:01:09,510 --> 03:01:16,650 | imbalance I noted. And then when we get with this opening price here, I said, this is another volume of bounce, watch that one. And then we open here. So now |
| 820 | 03:01:16,680 --> 03:01:25,590 | we want to see price support this in, it's in the video folks go back and listen to it, it'll be there, I promise. Then it rallies and accumulates more, then we |
| 821 | 03:01:25,590 --> 03:01:37,800 | have a volume imbalance right in here. Look at the bodies, look at the body extend forward, look at the bodies, it's referring to that imbalance right |
| 822 | 03:01:37,800 --> 03:01:46,830 | there. So you're looking at, oh, this is that classic Support Resistance, though, it goes much deeper than that. It's not supplying demand. And it's not |
| 823 | 03:01:46,830 --> 03:01:55,170 | supporting resistance. It's algorithmic price delivery, these little gaps, these little volume imbalances, you need to be aware of them. Because they can be your |
| 824 | 03:01:55,170 --> 03:02:04,140 | entry, or they can be your target for partials or Terminus. Whatever you feel that is your model. It's one little piece in that cog that's your model or that |
| 825 | 03:02:04,170 --> 03:02:11,550 | trading plan that you're in the process of developing for yourself that you uniquely trust and follow. It doesn't matter if anybody else agrees with it. |
| 826 | 03:02:11,700 --> 03:02:12,960 | It's what makes sense to you. |
| 827 | 03:02:18,300 --> 03:02:29,460 | And it the final quarter percent up here, the order block I outlined in my mind when I'm watching price, I'm thinking we're about the upper quarter percent. So |
| 828 | 03:02:29,460 --> 03:02:40,200 | that means it's going to be the biggest, quickest sudden move in this area, it's not likely to do what take sell stops, you don't want to anticipate in the upper |
| 829 | 03:02:40,200 --> 03:02:47,340 | portion, a move dropping down to take sell side, it's not going to do that, because it's going to be in a hurry to get to the liquidity that would otherwise |
| 830 | 03:02:47,340 --> 03:02:54,090 | be pulled from the market, if it retraced traders that might be short, might be thinking, Okay, I'm just gonna get out there because it might come back and get |
| 831 | 03:02:54,090 --> 03:03:02,970 | my stop. That allows them to pull their stop loss above that March 6 high, they don't want to do that. So the algorithm is coded to allow for no deep |
| 832 | 03:03:02,970 --> 03:03:11,820 | retracements at the 25% up or 25% Mark. And you're seeing that run into the order block that does not add didn't go outside of the order block body at all, |
| 833 | 03:03:12,180 --> 03:03:28,500 | or candle, never went went down into it. Yes, accumulated more, and then straight shot, right up into Mark six time. Find that in books you want. But |
| 834 | 03:03:28,500 --> 03:03:38,400 | you're gonna have all kinds of amplifications of this in line. When my books hit the market, you'll see all kinds of shit that you never thought you ever before. |
| 835 | 03:03:39,030 --> 03:03:48,780 | As precise the logic behind it, all that stuff. And I'm doing you the best service in the world by proving it right here in front of you. This stuff works. |
| 836 | 03:03:49,470 --> 03:03:57,750 | Its scientific, its technical science, maybe we do it like nobody else. And nobody else can come close. And I don't care who you talk about. You mentioned, |
| 837 | 03:03:57,840 --> 03:04:08,340 | they're not going to come close to this. And this is the easy stuff. We have all kinds of stuff coming in later in the year. That's extremely precise. And I |
| 838 | 03:04:08,340 --> 03:04:23,280 | can't wait to share it. I can't wait to show it to you rely charts and I can't wait to see your excitement, the feedback and the well. Shock and Awe look at |
| 839 | 03:04:23,280 --> 03:04:34,320 | the body there looks Yeah, reacted off the volume and balanced low. Are there the open there and Emilia rejects where sellside at below here and here and a |
| 840 | 03:04:34,320 --> 03:04:44,760 | larger pool of liquidity resting rate below here which is also what the old equilibrium of that implied dealing range. Dealing range that's implied is |
| 841 | 03:04:44,760 --> 03:04:52,560 | basically what you're trying to target. Everything that everybody else says you can't try to predict the market. They say your job is not to predict the market. |
| 842 | 03:04:52,740 --> 03:05:04,680 | It's to react to price. Did you see any reaction to price by me today? No. Except for this is when we react in save a stoploss. But that wasn't an entry. |
| 843 | 03:05:05,070 --> 03:05:13,470 | That wasn't a mechanism that put you into a trade. It's for you to preserve capital, which is the first and foremost rule in this industry preserve capital. |
| 844 | 03:05:13,950 --> 03:05:21,270 | That's your number one job. If you don't do that, folks, your broker is not going to do it for you, your spouse ain't going to do it for your best buddy, I |
| 845 | 03:05:21,270 --> 03:05:27,570 | see can't do it. I might be in your head, you might think I'm in the room with you sometimes looking over your shoulder, they'll say something you're doing as |
| 846 | 03:05:27,570 --> 03:05:35,490 | a tweet. But I promise you, I can't reach your keyboard, I can't go into your phone, I can't execute for you, I can't manage your stop. You have to preserve |
| 847 | 03:05:35,490 --> 03:05:48,330 | capital, you have to keep risk in check. If you don't do that, you will, you'll be a victim to yourself. And if you're weak minded, and I have weak minded |
| 848 | 03:05:48,330 --> 03:05:57,030 | students, trust me, both paid students and unpaid and free public community. Some of them are so weak minded when they make their own errors, they love to be |
| 849 | 03:05:57,030 --> 03:06:07,740 | able to say it's my fault. That's a character flaw, you need to correct that you better because I'm out here proving this. I'm removing all of your excuses. I'm |
| 850 | 03:06:07,740 --> 03:06:18,780 | removing all the doubts whether this stuff is real, or if it's rebranded anything else. I'm literally sitting with you, as if we were here live together |
| 851 | 03:06:18,780 --> 03:06:30,810 | in the same room. I can't make this chart be delivered to you faster than it is. You're seeing it as quick as it can get to you. I had the lowest latency setting |
| 852 | 03:06:30,810 --> 03:06:42,180 | on YouTube. So whatever delay there is, that's the lowest I can create for you. And I'm talking about things before they happen anyway. So it doesn't make a |
| 853 | 03:06:42,180 --> 03:06:51,480 | difference. There's no argument here, you can't make an argument against this. Not in hold water. No. You can say you don't like me, you can say, oh, but you |
| 854 | 03:06:51,480 --> 03:07:03,450 | didn't do a live trade. Okay, I can do that. But you're not learning from that. What you're trying to do is copy. I know, my paid students want that. And I |
| 855 | 03:07:03,450 --> 03:07:10,980 | denied them. And they paid me. So now they're gonna do it, I was obligated to them. But when they signed up, they knew they knew that there was no signal |
| 856 | 03:07:10,980 --> 03:07:21,750 | service they knew was all price action, they knew was taught through the medium of a demo account. And when they failed, in some did, they have to own that. |
| 857 | 03:07:22,530 --> 03:07:30,960 | Because it's not because I didn't call the market beforehand, for weeks, years and months. Because I did, it's all logged, it's recorded, it's documented. I |
| 858 | 03:07:30,960 --> 03:07:44,460 | got the receipts for all that. They failed themselves. They quit. They didn't follow the rules. They didn't listen to the laws, they faded me did everything |
| 859 | 03:07:44,460 --> 03:07:53,790 | wrong as a student, just like the student that goes that Jade master and beginning they think they know how to be taught. They know how to be trained. |
| 860 | 03:07:54,060 --> 03:08:00,330 | Teach me what I want to know, when you don't know what you need to know. So how are you going to go to somebody that knows what they're doing in demand, they |
| 861 | 03:08:00,330 --> 03:08:07,650 | teach you what you think you should know, if you think you know what you shouldn't be doing and knowing, then you don't need to be trained, you already |
| 862 | 03:08:07,650 --> 03:08:18,870 | know. So you're trying to be the teacher. And that's why he sends them home. You're not in the right state of mind to learn. And I've let people say stupid |
| 863 | 03:08:18,870 --> 03:08:29,130 | stuff about me for a long, long, long time. Last year, I said it's time to start showing what they don't know. And I'm bringing people I have a gentleman, I'm |
| 864 | 03:08:29,130 --> 03:08:38,040 | going to put an interview up tonight. I was going to do two interviews this week. So that way I be caught up and had them scheduled just to post to my |
| 865 | 03:08:38,040 --> 03:08:45,600 | channel during next week, but I don't I don't want to do anything. Like I don't want to contribute to any of this stuff during Passover, I want to completely |
| 866 | 03:08:46,290 --> 03:08:56,160 | stay away from all that. I want to honor it and basically Abstain from all of that. But I have a lot of other individuals that want to be interviewed, and |
| 867 | 03:08:56,160 --> 03:09:04,680 | they brought their receipts about what they done with real money. But I have one that's going to go up tonight on your YouTube channel. I don't know what time |
| 868 | 03:09:04,680 --> 03:09:15,600 | it's going to be. But it'll be on there. I'm sure before midnight, my local time. So get to it when we get to it. But I have people that have used what I've |
| 869 | 03:09:15,600 --> 03:09:27,930 | been teaching, and they're making real money. I have never promised. I've never promised that you are going to be successful with real money, I guaranteed that |
| 870 | 03:09:27,930 --> 03:09:37,200 | you would read price better than anybody else could teach you and you would know what price is going to do more times than not. That's not trading. That is a |
| 871 | 03:09:37,200 --> 03:09:46,320 | skill set that you have to be prepared to take on when you feel that you're ready to do so. And that can only happen when you're bored by being able to do |
| 872 | 03:09:46,320 --> 03:09:58,950 | things like this. When you can anticipate not react the price when you anticipate and how it should behave. That's mastery of yourself. Because you're |
| 873 | 03:09:58,950 --> 03:10:06,690 | not just going in there yet. Acting to price and chasing and buying and selling, because it's moving around and you think it's going to move 10 More handles, but |
| 874 | 03:10:06,690 --> 03:10:18,960 | it's already moved 18 I did that. I did stuff just like that, because I didn't know what I was looking for. And it took a lot of time, a lot of energy and a |
| 875 | 03:10:18,960 --> 03:10:29,760 | lot of prayer, to get to where I'm at, where I can see these things. It didn't happen overnight. It was very, very hard. Nobody encouraged me, won't leave them |
| 876 | 03:10:29,760 --> 03:10:43,770 | in the flesh, they didn't. And I didn't have this resource that you have. And I many times think to myself, how if I could be a time traveler to go back and |
| 877 | 03:10:43,770 --> 03:10:59,490 | talk myself, I talk to my self through these videos to you. I'm trying to, in my mind, bridge the gap that of my ignorance, as a young man who I really wanted to |
| 878 | 03:10:59,490 --> 03:11:10,740 | be like Larry Williams, I wanted to be that when I really didn't understand what he was, I just built him up as a as a hero in my head, like some of you do with |
| 879 | 03:11:10,740 --> 03:11:23,940 | me. And that's wrong. I'm not a hero. And that's someone to try to mimic and copy. I'm just the conduit, I'm just simply lending something to you. To improve |
| 880 | 03:11:23,970 --> 03:11:37,410 | who you are, how you're going to build with this information is up to you. But I want to see you succeed, I'm dying to see your success. I can't wait. To me I |
| 881 | 03:11:37,410 --> 03:11:50,610 | celebrate it. But some of you are just rushing it not realizing that you trying to rush it makes it longer. And it denies me the satisfaction of knowing that |
| 882 | 03:11:50,610 --> 03:12:00,060 | you found success. I know that many of you're doing by trying to rush to a funded account before you're ready, trying to rush to trade with real money or |
| 883 | 03:12:00,060 --> 03:12:08,910 | trade with underfunding. That means trying to trade with too little. You need to have money, you need to have a little bit of skin in the race. Okay, good. You |
| 884 | 03:12:08,910 --> 03:12:18,090 | can't deal with $100 account, I'm sorry. You can't deal with a $500 account, I'm sorry. You have to be properly funded. |
| 885 | 03:12:20,760 --> 03:12:29,880 | And that means it might be a little bit longer for you. But I promise you this, you learn how to do what I'm showing you here. Prove that you have these |
| 886 | 03:12:29,880 --> 03:12:44,400 | analytical skills. You don't have to push any buttons. Everyone has scenario for you. Let's just say hypothetically, that you are not allowed to trade. And we'll |
| 887 | 03:12:44,400 --> 03:12:56,640 | just leave that up for your speculations. But let's just say you yourself are not allowed to trade. But you have a good friend that says, Hey, you tell me |
| 888 | 03:12:56,640 --> 03:13:07,920 | what's going to happen right next to me while it's happening. And I'll just do what I need to do with an account. And then at the end of the month, I'll grease |
| 889 | 03:13:07,920 --> 03:13:19,470 | your palm. Now, this is all hypothetical. This is all just, you know, chit chat. I'm not saying any of this ever happened, or likely to ever happen with any of |
| 890 | 03:13:19,470 --> 03:13:28,380 | you. But you might not have any money. You might be in a situation where you have someone in your life that's trying to take something from you, and you |
| 891 | 03:13:28,380 --> 03:13:41,340 | can't live a certain way. So you work out an arrangement. On the outward, you're just like anybody else. But you have this skill set that allows you to do |
| 892 | 03:13:41,340 --> 03:13:48,150 | something that the average person can, and you have met someone that may be a close friend, or you've built a good business connection or partnership, if you |
| 893 | 03:13:48,150 --> 03:14:04,680 | will. If I show you this, you do that. I get something as a gift. You figure out what I mean by that read between the lines. And you can acquire what it is that |
| 894 | 03:14:04,680 --> 03:14:19,380 | you're lacking right now. And then you can go into whatever you want to do. Read between the lines what I just said you don't need money right now. You need the |
| 895 | 03:14:19,380 --> 03:14:39,360 | skill set. Because I promise you if I said I put up points bulletin on all my social media said okay. I am willing to make all this real time daily. And |
| 896 | 03:14:39,360 --> 03:14:46,440 | literally point to when it's the buy. When is the sell when is the stop loss? When's the target? Where's the partials? If I was to make myself available to do |
| 897 | 03:14:46,440 --> 03:15:01,680 | that, I promise you in the hour, I would have millions of dollars late in my lap. I would have firms reaching out to me because they already have They see |
| 898 | 03:15:01,680 --> 03:15:13,980 | what I'm doing. And they know that nobody in their house does anything like this. They recognize it. I turn away so many partnerships and business |
| 899 | 03:15:13,980 --> 03:15:29,520 | arrangements, teaching clinics and circuits. I get asked all the time, I'm not interested in that. I'm interested in your success. I want you to supply to me |
| 900 | 03:15:29,640 --> 03:15:40,110 | for the rest of my days, a wonderful testimonial email that I can read and share with my family, that I have been such a blessing to you. Such an encouragement |
| 901 | 03:15:40,110 --> 03:15:49,620 | to you. And I want to have that moment where I get welled up in my eyes, and I, I appreciate that you spent time and told me he did this thing. And you were |
| 902 | 03:15:49,620 --> 03:16:03,150 | successful. And you endured. Because I was there, I went through it just like you are. And damn it, when it happens, it feels so good. It feels like you've |
| 903 | 03:16:03,150 --> 03:16:12,840 | arrived, you have a sense of purpose. And you are encouraged for your future. Whereas right now a lot of you probably aren't encouraged. You see this stuff |
| 904 | 03:16:12,840 --> 03:16:32,490 | and it feels hard. I know. I know. But I'm showing you you have to show up, and you have to put the work in you can't shortchange it, there's no shortcuts, |
| 905 | 03:16:32,970 --> 03:16:47,640 | there's no fast track, you got to go through it like this. And once you have that skill, it's like riding a bike, you don't lose it. You might not be able to |
| 906 | 03:16:47,640 --> 03:17:01,020 | do the BMX tricks like I did when I was 13 and 16 years old, I wouldn't, I wouldn't even try to do that now. Follow that damn thing and break a hip. But |
| 907 | 03:17:01,650 --> 03:17:12,090 | this skill set, once you know it, there's a lot of people out there wanting to connect with people that can do this. And money is the easiest thing to get |
| 908 | 03:17:12,090 --> 03:17:25,410 | ahold of the skill is the hardest thing to obtain. And some of you are rushing through this to try to get to the money in that part is easy. You may not be |
| 909 | 03:17:25,410 --> 03:17:37,740 | funded enough right now, you may not have the capital to be able to do it right now. Focus on the skill. There are so many opportunities for you to be paired up |
| 910 | 03:17:37,740 --> 03:17:39,210 | with someone that does have the money. |
| 911 | 03:17:44,220 --> 03:17:54,600 | And that arrangement can be public. Or it can be private, it's your business. I'm not going to judge you. I know what I had to do when I was doing some shit |
| 912 | 03:17:54,600 --> 03:17:55,890 | that I shouldn't have to deal with. |
| 913 | 03:18:02,580 --> 03:18:16,380 | But you can't even imagine the life that's possible. With just a little bit of effort knowing this. When you watch these candles, paint like this, to someone |
| 914 | 03:18:16,380 --> 03:18:25,620 | that doesn't know what we're doing, what the pursuit of even learning this skill set would yield. This seems like nonsense, like what's the point of this? The |
| 915 | 03:18:25,620 --> 03:18:43,230 | seed you know what you're doing, you're trying to build another income. So you know, your needs, you have something that's well anchored in a need. You need to |
| 916 | 03:18:43,230 --> 03:18:54,750 | be able to do this. You can't imagine not doing it now. And you've subscribed to the idea that I'm going to put myself through this, and I'm going to learn. And |
| 917 | 03:18:54,750 --> 03:19:06,570 | that's awesome, that's great. But there's gonna be days where you're going to feel like you want to quit. And you got to lean on your journal. All the |
| 918 | 03:19:06,570 --> 03:19:15,720 | instances where you said, this is what I expected to see. And it panned out. That's your encouragement. For someone who might be watching videos or listening |
| 919 | 03:19:15,720 --> 03:19:31,350 | to the Twitter spaces that I do that I don't think I'm going to be doing any more of at least not live. One of the things I'm going to be doing next week, is |
| 920 | 03:19:31,350 --> 03:19:46,650 | I'm going to be in a lot of prayer because I don't like how I talk. When I hear the recordings that other people share snippets of I don't like that in me, and |
| 921 | 03:19:46,650 --> 03:20:02,670 | I wish I could do away with it. And I've been praying for it to stop but I can't. Sometimes I just can't do it it's shameful sometimes how I talk when I go |
| 922 | 03:20:02,670 --> 03:20:14,340 | off the rails. And it's not because I want to sound funny. It might be funny, might be entertaining, but it's, it's something I wish I didn't do. And that's |
| 923 | 03:20:14,340 --> 03:20:25,740 | the part of me that I wish I didn't let out. You because You all knew me as the boring monotone guy talking in the videos that are pre recorded, but not |
| 924 | 03:20:25,740 --> 03:20:36,150 | realizing there's probably 15 Different times where I'm going off. And I had to take that away. So that way you can focus on the things that matter most the |
| 925 | 03:20:36,150 --> 03:20:45,690 | boring stuff, not be entertained, or maybe even distracted or turned off. By something I might say, with language that really isn't something I'm proud of. |
| 926 | 03:20:45,690 --> 03:20:57,210 | I'm not proud of it. So next week, I'm going to be in a lot of prayer and asking for more control. I do it all the time. But I'm really trying to pour myself |
| 927 | 03:20:57,210 --> 03:21:04,200 | into that next week. And that's what I'll be doing. So I don't want to be looking at anything on social media. I don't want to look at charts, I don't |
| 928 | 03:21:04,200 --> 03:21:21,000 | want to look at videos, I'm not talking to anybody, my students, none of them, no emails, nothing. My family night will be away. And just taking my time away |
| 929 | 03:21:21,000 --> 03:21:32,520 | from this stuff. And hopefully, when I come back, the following week, I'll be recharged a new spring in my step. And maybe the markets will be loosened up a |
| 930 | 03:21:32,520 --> 03:21:47,670 | little bit too. And we'll have new experiences to share with each other and new learning. One of the best things you can do for me is pray for me |
| 931 | 03:21:53,070 --> 03:22:09,390 | it's very hard for me. to wrestle with bipolarism it's very hard for me to sometimes articulate what I'd want you to know when the imbalances that I feel |
| 932 | 03:22:09,390 --> 03:22:26,550 | chemically, it makes it difficult. And when I don't have a filter, I'm not. I'm not the best mentor, I just I thought victim to be unbalanced at that moment |
| 933 | 03:22:26,550 --> 03:22:41,580 | until it burns off. Nothing, nothing can pull it back in. And that makes me a weak mentor. That's a that's a flaw in me that I wish I could take away. I can't |
| 934 | 03:22:48,390 --> 03:22:59,730 | so I get it when there's people that don't like me. I understand. There's parts of me I don't like about myself. But you can't say these things don't work. |
| 935 | 03:23:01,410 --> 03:23:12,240 | Can't say that I don't know how to use them. And you can't say that I can't call this stuff before it happened. My private students have watched me for years do |
| 936 | 03:23:12,240 --> 03:23:12,750 | this stuff. |
| 937 | 03:23:18,120 --> 03:23:29,760 | And it was never, I was never obligated to do this for you publicly. I've never never had any obligation at all to do this. I saw everybody out here creating |
| 938 | 03:23:29,760 --> 03:23:40,800 | their mentorships and not crediting the things I had to endure to get to where I am in understanding all this stuff. It's ignorant it's like the people that |
| 939 | 03:23:40,800 --> 03:23:49,980 | dress up like soldiers and Marines and such it's Stolen Valor you didn't go through the stuff that I had to go through to learn this so I'm going to shit |
| 940 | 03:23:49,980 --> 03:24:01,830 | all over your stuff by putting out there for free and expose you as the fraud that you are you minute and copied my stuff and endured no hardship at all maybe |
| 941 | 03:24:01,830 --> 03:24:09,750 | the payments to be the mentorship were founded in a telegram channels like they were being circulated so now in theory to my YouTube channel right from the |
| 942 | 03:24:09,750 --> 03:24:24,510 | source and get it right there from the tab and you can come here and see in use for real understanding why it's going to do it. They can't do that. They don't |
| 943 | 03:24:24,510 --> 03:24:36,450 | even know anything more except for what I've already said. I have so much more to talk about every one of those PD arrays it's offensive to see everybody out |
| 944 | 03:24:36,450 --> 03:24:50,460 | there chasing $1 and clout image when they just wouldn't put the time and effort into and say you know what? I learned how to do this from this man. Appreciate |
| 945 | 03:24:50,460 --> 03:25:00,660 | him in this ran with that. I wouldn't have a problem that there's a lot of people doing that. I don't have problems. But you rob Have me have the |
| 946 | 03:25:00,660 --> 03:25:11,280 | opportunity for me to give honor and glory to God, because that's where it came from. If you're an atheist and that offends you hit the road, I don't care |
| 947 | 03:25:17,100 --> 03:25:33,120 | you have me at a click, to encourage you to teach you. I had nothing. My own uncle who got me interested initially became adversarial to me when I started |
| 948 | 03:25:33,120 --> 03:25:52,410 | finding success with it. So who can I lean on? Nobody. So I sat there and I prayed, and wept and prayed and wept. Let my relationships and my family |
| 949 | 03:25:52,410 --> 03:26:07,710 | connections dissolve my health deteriorate almost burned a hole in the lining of my stomach from just constant acid, because I couldn't eat or drink. Because |
| 950 | 03:26:07,710 --> 03:26:15,240 | everything was worrying about the fluctuations of these candles that were not candles them, but just open high, low and close bars. And I had every hope and |
| 951 | 03:26:15,240 --> 03:26:30,540 | fear on every tick while working not having the chart in front of me panicking because I'm inside of a destination fixing us a soda machine or a coffee |
| 952 | 03:26:30,540 --> 03:26:38,310 | machine. And it's taking longer than I hoped. And I know that I got to see what the price of soybeans are doing right now. Because if not, I'm going to lose my |
| 953 | 03:26:38,310 --> 03:26:54,570 | ass. And you want to take my stuff and rebrand it. You piece of shit. You don't deserve it. I'm here for the people that want to learn genuinely. And give me |
| 954 | 03:26:54,570 --> 03:27:03,630 | the courtesy didn't say you know what? You didn't have to do this. I'm thankful you did. That's who I'm talking to. That's my audience that knows a whole lot of |
| 955 | 03:27:03,630 --> 03:27:09,780 | fucking scribes out there right now and everything I'm gonna say and you're trying to put it into an Amazon book before I get hung out there. But your shits |
| 956 | 03:27:09,780 --> 03:27:13,410 | going to be incomplete trust me |
| 957 | 03:27:26,400 --> 03:27:46,140 | so anyway at toss it in here because I get more more twisted in life before I hopefully come back. better, stronger, faster. Anyway. Whether you observe |
| 958 | 03:27:46,350 --> 03:27:55,260 | Passover or not, try to rest next week. It ain't gonna hurt you to take some time away from the marketplace. Rest. Don't look at some charts. Don't worry |
| 959 | 03:27:55,260 --> 03:28:04,500 | about watching my videos, you don't need to contribute to ad revenue for me to sit back and enjoy your family. That weather changing, just relax, do something |
| 960 | 03:28:04,530 --> 03:28:23,340 | apart from trading. And then we come back. Each one of us will be in a prepared state of mind to receive to learn in fellowship and I'll have some more lectures |
| 961 | 03:28:23,340 --> 03:28:37,980 | and things to teach you on the 11th. We'll be in a live session again on April 11. There'll be a morning session again so until I'll talk to you then decide |