ICT YT - 2023-04-13 - Live Tape Reading - Emini SP500 AM Session
Last modified by Drunk Monkey on 2023-04-19 18:16
Outline
01:07 - Good morning, everyone!
02:47 - New Week Opening Gap Definition.
08:32 - Selling side vs. bullish side.
13:59 - What’s it going to take for the market to return to normalcy?
18:51 - What constitutes a inversion fair value?
22:36 - What’s going on with the Dollar?
27:20 - What’s happening with the fair value gap.
32:46 - How do you know when not to consider a fair value?
39:33 - The difference between low resistance liquidity run conditions vs. high resistance liquidity runs.
42:21 - What professional traders should focus on not the average retail trader.
47:00 - High Frequency Trading Algorithms.
53:19 - What are you looking for? -.
59:19 - What was the bias? What was I calling for?
01:01:56 - Where did the market transition from high resistance liquidity to low resistance liquidity?
01:06:43 - The importance of having a narrative.
01:14:46 - Consolidation in Dollar is much like what I teach them.
01:21:14 - Waiting for something to occur.
01:24:40 - What are you waiting for in the morning session?
01:31:04 - What is a fair value? -.
01:38:30 - How to predict the future is nonsense.
01:44:45 - Where do I buy? Where do I sell? When is the next big move happening? Those are questions you never found answers to.
01:48:12 - What’s a good way to really filter out this ideal? How can we really supercharge it and make it even better?
01:54:09 - Does the market accelerate down or does it accelerate up?
02:01:45 - Supercharge your trades with a weekly profile.
02:08:14 - How every trader that’s profitable feels -.
02:12:12 - How to use higher timeframe analysis to get bigger price runs.
02:16:19 - It’s not always going to be the strongest car.
02:23:12 - When you’re trading on paper, you don’t realize the effects of over leveraging.
02:28:53 - Don’t rush the process -.
Transcription
| 1 | 00:01:07,890 --> 00:01:20,610 | ICT: Good morning, folks. I'm probably a little bit louder today. Apparently, I wasn't doing something right in OBS. So it looks like the microphone is |
| 2 | 00:01:20,610 --> 00:01:36,930 | screaming. So you should have no problem hear me today. So you're looking at the ES here. I apologize for my tardiness. I was trying to get this thing open up. I |
| 3 | 00:01:36,930 --> 00:01:59,340 | was taking forever to do it. So one second. How are you doing, by the way? Doing good today. I am blessed. Thanks for asking. Alright, so we are looking at a |
| 4 | 00:02:02,520 --> 00:02:10,770 | fractal in price. There's a there's a bit stuck. We'll see if we can work our way out of that this morning. |
| 5 | 00:02:19,470 --> 00:02:24,540 | Don't worry, I'll talk about what you're seeing here in a moment. Let me get my chart here set up |
| 6 | 00:02:30,900 --> 00:02:49,020 | all right. So this was a breaker this morning I was watching. Just to see a run the breaker being here watching that pre 830 PPI number. Then watching the one |
| 7 | 00:02:49,440 --> 00:03:08,610 | I'm sorry 4132 By taking them back to an old new week opening gap. Again, as a reminder, this little shaded area here that is the technical present current new |
| 8 | 00:03:08,610 --> 00:03:22,950 | week opening. But we had holiday volume and in such last Friday, so I like to use a close proximity with opening gap. So that's what you're seeing here. This |
| 9 | 00:03:22,950 --> 00:03:34,200 | low in this high respectively. But I keep that shaded little box on there. That is the current where we stopped trading on the Friday of last week and where we |
| 10 | 00:03:34,200 --> 00:03:45,960 | started trading on Sunday. Okay, so that's new week opening gap definition and this little shaded area here for those that are wondering, that was the magic |
| 11 | 00:03:45,960 --> 00:03:57,690 | behind yesterday's pm session highs here so you may have been taken off guard with why it went up here and stopped in its tracks. If you go to down here, |
| 12 | 00:03:58,140 --> 00:04:13,440 | regular trading hours that gap and air extend that forward and you'll see that that is in fact the reason why we stopped that was yesterday. We're focusing on |
| 13 | 00:04:13,470 --> 00:04:19,650 | this morning that green rectangle |
| 14 | 00:04:32,040 --> 00:04:53,670 | is that fair? You got right there on your five minute chart is the 2:50pm Monday. So that's what you're seeing there why am I considering it? Now it's a |
| 15 | 00:04:53,670 --> 00:05:05,430 | start of the week. It was initial fair value gap. So much like I teach with the You very get that's in the opening range opening range being the first 30 |
| 16 | 00:05:05,430 --> 00:05:22,530 | minutes of trading from 930 to 10 o'clock. I like to look at that as a I know there's a lot of you that probably like to use that volume profile. And for like |
| 17 | 00:05:22,530 --> 00:05:35,010 | me, it's escaping me and the there's a specific value you guys like to look at. I don't subscribe to volume profile, I think it's just another excuse to get |
| 18 | 00:05:35,010 --> 00:05:45,750 | into a trade like anything else. And you can attribute my stuff the same way. But the the initial fair value guy that forms in the first 30 minutes, I like to |
| 19 | 00:05:45,750 --> 00:05:56,610 | treat that as a very influential reference point throughout today. And how we move away from it, is it respected at all? Is it disrespected, that helps me |
| 20 | 00:05:56,610 --> 00:06:12,810 | frame a lot of narrative for the day. I'm not all that terribly interested to just get five handles but I teach that as a low threshold for all of you this |
| 21 | 00:06:12,810 --> 00:06:21,180 | was a volume imbalance I was watching this morning. So we laid a body down over top of it so I'm not interested in it anymore. So that's why I'm going to take |
| 22 | 00:06:21,180 --> 00:06:30,150 | it off. And I just want to be fair and walk you through why I have these things on the chart. So the new variable you're going to be wondering what is that |
| 23 | 00:06:30,150 --> 00:06:38,640 | there? What is he hiding? Hiding anything, it's just sometimes these annotations are no longer useful for me |
| 24 | 00:06:44,640 --> 00:07:00,900 | and I haven't gotten to the point of taking it off yet. Bear with me one second. Okay, so we're watching how by side was taken here. And Dollar index this |
| 25 | 00:07:00,900 --> 00:07:16,710 | morning has been animated to the downside after that PPI number at 830. So let's take a quick look at the MD XY rather the X Y TDC. Okay, so that's what we're |
| 26 | 00:07:16,710 --> 00:07:24,750 | looking at here for the dollar index. And if you look at what we have on a daily chart, this is something I've been watching and prompting my students to look at |
| 27 | 00:07:25,470 --> 00:07:34,110 | we would see likely this sell side be reached into what's important is how we trade there once we get below it. So we hammer through it and start to |
| 28 | 00:07:34,110 --> 00:07:43,680 | accelerate and that's going to obviously give it lift potential not immediately or because it's only done this it just opened up the likelihood that es could |
| 29 | 00:07:43,680 --> 00:07:53,250 | trade higher even though I gave you an analysis last night I'm looking for a reason for that weekly imbalance on ES to draw price lower it does not mean I'm |
| 30 | 00:07:53,250 --> 00:08:04,680 | here today to force that that's that's not what we're trying to do here I'm not trying to convey that as a as a teacher or mentor. But this draw lower on the |
| 31 | 00:08:04,680 --> 00:08:21,930 | volume imbalance in here. Let me zoom in I just realized I haven't asked you all to do a soundcheck so I'm chanting this, I don't think I've done anything |
| 32 | 00:08:22,080 --> 00:08:32,730 | incorrect, but I've done recordings before. And there's been no audio coming through. There's a volume imbalance we traded up into ran Southside here. |
| 33 | 00:08:32,730 --> 00:08:45,750 | Southside resides below that. Do we hit that reject and start to trade higher? That would be favorable for what I was outlining last night for yes. But let's |
| 34 | 00:08:45,750 --> 00:08:46,980 | go over that yes |
| 35 | 00:08:52,740 --> 00:09:00,240 | okay, and you can see that we've taken out this high I'm going to take some of this stuff off now because not too much I don't need it now. |
| 36 | 00:09:10,380 --> 00:09:21,300 | So we had this rally up yesterday took out by side just fell short of the opening price from that candle by one tick. And I went 4180 didn't get that. So |
| 37 | 00:09:21,390 --> 00:09:33,300 | I believe that the sell side below here that little bit of imbalance might be enough to draw price lower if if dollar can mount some kind of reversal after |
| 38 | 00:09:33,300 --> 00:09:44,700 | taking its daily sell side. Now all that falls apart and is nullified if we accelerate on the downside with the dollar and that provides lifts for ES or |
| 39 | 00:09:44,700 --> 00:09:59,070 | potential for us to go higher. Eurodollar obviously and POUND DOLLAR are much higher as a result of the dollar being weaker. NASDAQ is running higher here. Go |
| 40 | 00:09:59,070 --> 00:10:04,410 | to a five minute chart And we'll go to a NASDAQ |
| 41 | 00:10:10,349 --> 00:10:23,279 | much, much more strength behind the NASDAQ. So we can use that six SR idea now. Since we're seeing leadership, between ES and NASDAQ NASDAQ leading on the |
| 42 | 00:10:23,279 --> 00:10:33,239 | upside, we could see this as a breaker. So it's low, high, lower low, this up close candle here, higher up Moschino extend that to right. |
| 43 | 00:10:40,350 --> 00:10:54,420 | We traded there, and we wouldn't want to see price run through this fair value guy right there. On the upside. If it's going to follow suit with Yes, I'm |
| 44 | 00:10:54,420 --> 00:11:07,230 | sorry, with NASDAQ. It's a five minute chart. And I'd like to see it run up, come back down and treat this fair value gap as an inversion. Very, very good. I |
| 45 | 00:11:07,380 --> 00:11:19,260 | f BG is what you'll see me annotate my chart with when I'm doing that. The problem is, this is referring to we were in a fractal that's kind of trapped |
| 46 | 00:11:19,290 --> 00:11:26,940 | between bullish and bearish. And you guys are probably getting sick of hearing it. But this is how you learn how to read price action, you don't shy away from |
| 47 | 00:11:26,940 --> 00:11:33,720 | these types of conditions, because you're going to be presented with them in the future when I'm not doing live streams and you're wanting to participate in the |
| 48 | 00:11:33,720 --> 00:11:44,370 | marketplace. You want to know what it is that you should be doing what you shouldn't be doing. So while NASDAQ has been raging higher, the Dow let's take a |
| 49 | 00:11:44,370 --> 00:11:58,830 | quick look at that. Said I'm not coming to the party today. So it's went lower, it's taken out sell side at the same time NASDAQ higher. So right away by |
| 50 | 00:11:58,830 --> 00:12:06,420 | looking at all three averages, are we looking at a symmetrical market, if you've been keeping notes, symmetrical market is when they're all in agreement. And the |
| 51 | 00:12:06,420 --> 00:12:18,630 | dollar is supporting that same move, movement, dollars weaker, all averages should be going higher with the forex pairs. We're not seeing that with the Dow. |
| 52 | 00:12:19,440 --> 00:12:30,720 | And there's lethargic price action in ES, which which can lead to the sick sister concept which is where it catches up with the leader. In other words, |
| 53 | 00:12:31,320 --> 00:12:42,930 | this might want to run above or by side trade into that new week opening that high or consequent encouragement, roughly an eyeball and we'll call it |
| 54 | 00:12:43,050 --> 00:12:55,800 | 30 870-541-3875 consequent COURAGING between this old new week opening gap and old new week opening gap Hi, so respective low and high midpoint consequent |
| 55 | 00:12:55,800 --> 00:13:09,090 | current 4133 quarters. I would sit on my hands do nothing here until we got above this Fairbury get why because it's already showing respect of it. So I |
| 56 | 00:13:09,090 --> 00:13:18,600 | don't want to step in front of that and try to go along. Because why the markets not symmetrical, we're not seeing all three averages moving together in tandem, |
| 57 | 00:13:19,290 --> 00:13:27,570 | where they all should be all three going up in agreement confirming each higher high no words, there's a higher high in NASDAQ there should be a higher high |
| 58 | 00:13:27,570 --> 00:13:37,500 | posting in ES and there should be a higher high posting in doubt that simple Dow Theory blending inter market relationships and market analysis is by taking the |
| 59 | 00:13:37,500 --> 00:13:46,320 | risk on risk off scenario by incorporating the dollar index. And since the dollar index is weaker, we would be expecting all three averages to move higher. |
| 60 | 00:13:46,380 --> 00:13:55,560 | But we're not seeing that yet. So therefore, we exercise patience, where everybody else is in here clamoring to do something I'm not I'm sitting still |
| 61 | 00:13:55,560 --> 00:14:08,250 | waiting. I'm not fearful of missing anything. I don't care. If it takes off without me. I am sticking to a pattern with rules. These things tend to repeat |
| 62 | 00:14:08,910 --> 00:14:17,310 | once everything gets in alignment, and if it's not going to be in alignment, that's fine. I'll sit here and Jawbone about how it was good for me not to do |
| 63 | 00:14:17,310 --> 00:14:25,410 | so. And you'll get experience even if I bore you to death. You'll get the insight that you should lean on later on when you don't have access to me live |
| 64 | 00:14:36,180 --> 00:14:48,120 | so what's it going to take for the market they returned to some normalcy. I see a lot of that in the comment sections. A lot of posts in my older videos, people |
| 65 | 00:14:48,120 --> 00:15:02,670 | complaining like I have some kind of control over what markets are and I appreciate that. But that's a little outside my influences but that way Do we |
| 66 | 00:15:02,670 --> 00:15:15,120 | have to wait for the market to get out of this daily rut, the chart, the daily timeframe that needs to loosen up, we're stuck in that little bit of a funk, if |
| 67 | 00:15:15,120 --> 00:15:26,430 | you will, on ES and NASDAQ Dow. So there's a lot of people out there saying, You know what, this is the perfect market to throw a lot of money into it. And a lot |
| 68 | 00:15:26,430 --> 00:15:38,880 | of risk right now, the geopolitical stuff. If you haven't been paying attention, there's some tension on the other side of the world. And all kinds of banking |
| 69 | 00:15:39,210 --> 00:15:51,690 | shenanigans going on. So there's a lot of concern about assuming risk. And the level of money that is sitting parked right now is large. And that needs to be |
| 70 | 00:15:51,690 --> 00:16:03,120 | inspired to be either scared. So it looks to make a move. We're inspired to take on risk. And we haven't seen that yet. So we're forced to look inside these |
| 71 | 00:16:03,120 --> 00:16:12,180 | smaller little timeframes, and scalp. That's, that's what you're in, you're in an environment that is for scalping, predominantly in it that doesn't fit your |
| 72 | 00:16:12,630 --> 00:16:23,400 | model or your personality. What you're supposed to do at that time, is exercise patients and do things outside of trading, to take up your time, study back |
| 73 | 00:16:23,400 --> 00:16:32,040 | tests, all that but don't try to push the button because you're going to try to do something that's outside of your unique model. But the wonderful thing about |
| 74 | 00:16:32,070 --> 00:16:41,010 | teaching intraday, your lower timeframes is there's lots of examples for me to teach that stuff still works. Also, it'll help you refine, even if you have a |
| 75 | 00:16:41,010 --> 00:16:52,410 | swing traders mindset or a position Traders Mindset, you can get into trades a lot more precisely, limit the exposure to larger stop losses, not that I'm |
| 76 | 00:16:52,410 --> 00:16:59,700 | trying to promote the idea of ultra small stop losses but obviously you can see that there's a benefit that comes along with trading these lower timeframes if |
| 77 | 00:16:59,700 --> 00:17:06,180 | you're in sync with the higher timeframe Give me one second here |
| 78 | 00:17:24,210 --> 00:17:24,660 | kidding |
| 79 | 00:17:38,910 --> 00:17:45,210 | it's a little intimidating I just I'm pulling up Twitter to make sure you guys can hear me but I saw how many people are watching live it's a little |
| 80 | 00:17:45,210 --> 00:17:51,450 | intimidating. I don't feel comfortable. I see that. And this one I asked you all on Twitter if you can hear me |
| 81 | 00:17:57,240 --> 00:18:11,370 | I don't want to do a stream and not have the audio behind it. I didn't bring myself to my trading room. So have you here. Thank you, Rob. Is the volume Okay? |
| 82 | 00:18:14,580 --> 00:18:29,490 | Volume loud. Sometimes everybody complains. Volumes good. I'm looking specifically for the volume. Not in charge but awesome. Okay, thank you so much |
| 83 | 00:18:29,490 --> 00:18:29,790 | for that |
| 84 | 00:18:36,809 --> 00:18:47,399 | Alright, so what we have here is we have a swing low in here and remember that Monday fair value gap. So you have to respecting that right there. So we have a |
| 85 | 00:18:47,399 --> 00:19:02,489 | swing low After trading down into a bullish breaker. I want to see it trade up into the consequent encroachment 4138 and three quarters to 41 4050. And then if |
| 86 | 00:19:02,669 --> 00:19:15,749 | again, this is all contingent upon Dollar Index continuously weakening. So I'm looking at the five minute chart on dollar and I want to see it not try to turn |
| 87 | 00:19:15,809 --> 00:19:30,419 | here see it just a word a little bit more and see if we can get up into this opening gap here. But this swing well this is that single candle here too long |
| 88 | 00:19:30,419 --> 00:19:44,069 | with candle to the downside into this bullish breaker. low, high, lower low. You traded down into it here. We had a higher low on this candle right there. And |
| 89 | 00:19:44,849 --> 00:19:53,069 | we're showing initial signs that it wants to support price at that old Monday fair Vega, which is an initial fair value got. I like to extend that through the |
| 90 | 00:19:53,069 --> 00:20:04,379 | week. It's kind of like oh, just had I just had the word. This had the term you guys I'd like to use for volume profile and escaped me again, you can see I |
| 91 | 00:20:04,379 --> 00:20:16,559 | don't use it, obviously, but it's driving me crazy CDs flaring, it's going to distract me until I know what it is I wanted to say. But either way, we want to |
| 92 | 00:20:16,559 --> 00:20:24,749 | see price trade above and then respect this rewrite get the run the risk of if it does go higher, it doesn't even come back to that fair value. And that's the |
| 93 | 00:20:24,749 --> 00:20:36,089 | only it's the only thing in these types of conditions where we've had the NASDAQ perform so strongly upside. Dallas firming up a little bit. But using this type |
| 94 | 00:20:36,089 --> 00:20:45,749 | of strategy, which is the sixth SR concept, where it's kind of like playing catch up with the leader, where one markets leading in may be indicating, I'm |
| 95 | 00:20:45,749 --> 00:20:54,329 | not saying it's absolutely the case, but it looks as if the NASDAQ is supporting a willingness to want to go higher. And I think there's unfinished business with |
| 96 | 00:20:54,359 --> 00:21:05,999 | ES at that 4138 level. So 4138, and three quarters would be consequent encouragement, for midpoint between the new weak opening gap high and in the |
| 97 | 00:21:05,999 --> 00:21:14,279 | low. Now, that's not this present week's new week opening gap. So don't be confused by that. It's an older, new week opening gap, but it's in close |
| 98 | 00:21:14,279 --> 00:21:24,029 | proximity to the actual one for this week, which I don't trust because we had holiday volume and holiday schedule. So that's the reason why I don't like to |
| 99 | 00:21:24,029 --> 00:21:34,349 | utilize it. For that reason. I think I've already talked about this, I don't want to beat you up with old stuff I already said. So what constitutes a return |
| 100 | 00:21:34,349 --> 00:21:43,799 | back into that for a inversion fair value, I need to see it trade above it. And then start at least the very minimum a new candle. So since we're looking at a |
| 101 | 00:21:43,799 --> 00:21:54,269 | five minute chart here, I require it to be above it closes, and then start a new candle where it trades down into it, it cannot trade above it and pass back |
| 102 | 00:21:54,269 --> 00:22:01,589 | through it like it's doing here. That to me is not rising above and then coming back down. That's not that doesn't fit to the conditions I'm looking for. |
| 103 | 00:22:14,069 --> 00:22:17,249 | Just want to cycle through the the averages again real quick. |
| 104 | 00:22:25,019 --> 00:22:34,469 | Now for Dow, I'd want to see it trade above this fair value gap right here, treat it as support and then run for the buy side. If in fact, the dollar does |
| 105 | 00:22:34,469 --> 00:22:46,619 | continue going lower. We don't have that yet. We don't have anything supporting that idea. It's just a speculation on my part right now. New setups for me as of |
| 106 | 00:22:46,619 --> 00:23:00,179 | yet, NASDAQ, let's take a quick look at that one. So we have a bit of a bias out of balance. So some efficiency in here. Swing Low. Now stops within trailed |
| 107 | 00:23:00,179 --> 00:23:08,429 | below that so if it didn't drop down in here, but leave, lead this open somehow. Don't close all that in those don't go don't go all the way back down that |
| 108 | 00:23:08,429 --> 00:23:19,169 | candle is high at 13,013 and a half. I wouldn't want to see that if it's going to go higher. So we want to see it remain open partially it can come back down |
| 109 | 00:23:19,169 --> 00:23:30,569 | here a little bit. That's permissible. I wouldn't have any concern about that removing short term bullishness if dollar fails to rally. So in the words dollar |
| 110 | 00:23:30,569 --> 00:23:42,209 | has to remain weak. It can consolidate it but it just can't rally. If it rallies, that makes this problematic and want to slip below this fair value gap |
| 111 | 00:23:44,369 --> 00:23:54,689 | which would undo my initial interest this morning. And none of this really changes the thing that I outlined last night for where I think the ES could |
| 112 | 00:23:54,689 --> 00:24:03,869 | eventually go to we have plenty of time between now and where we close on Friday. So anything can happen in a short span of time. But I'm reading the |
| 113 | 00:24:03,869 --> 00:24:13,769 | price action right now. So I'm not limited to just one trick pony concept or one model. I want to be able to teach you how to be flexible as well so that we can |
| 114 | 00:24:13,769 --> 00:24:24,989 | grow outside of your model that you've adopted initially. Your first model will always be near and dear to your heart. But it's probably not going to be the one |
| 115 | 00:24:25,319 --> 00:24:39,719 | that you spend the rest of your career as a trader using will you have dozens of models? Probably not. But you only need one and you have to start with one of |
| 116 | 00:24:39,719 --> 00:24:52,769 | them. So we had one more pass into this variable you get this entire candle here is an order block and I'm watching how we behave inside it's range from this |
| 117 | 00:24:52,799 --> 00:25:07,889 | candles low Miss candles high that was a little firm in Here at 100 Point 91. But it's a fair value got in the form of a city on this five minute chart, you |
| 118 | 00:25:07,889 --> 00:25:24,269 | can find that on the Dixie at the 930 Candle five minute basis. Again, we're submitting ourselves to the first 30 minutes. That's the opening range being |
| 119 | 00:25:24,269 --> 00:25:31,139 | patient waiting for some measure of displacement to occur. So far we haven't had that yet |
| 120 | 00:25:38,190 --> 00:25:55,380 | NASDAQ still looks firm in here. Dow still looks like it's at heart attack. yours a little softer off the time. Cable was POUND DOLLAR. And it looks like |
| 121 | 00:25:55,380 --> 00:26:08,490 | it's trying to consolidate in here as a buy Sanibel sell sign efficiency, that country down to 125 15 125 14 ish. If we lose that that might be problematic. |
| 122 | 00:26:09,420 --> 00:26:26,700 | And open the door for a little bit higher dollar nothing in this chart here indicates action. In other words, actionable response, as a trader would look |
| 123 | 00:26:26,700 --> 00:26:37,320 | at, okay, let's go in and take on risk. All I'm doing is I'm speculating they could potentially could trade higher and reach for that 4138 and 4133 quarters. |
| 124 | 00:26:38,490 --> 00:26:41,970 | But nothing here. bolsters my confidence to do so. |
| 125 | 00:26:48,539 --> 00:26:59,429 | The other reason why we wait for something like this and I utilize the inversion fair value gap. Think about what we saw a 30. Okay, pretend you're you're |
| 126 | 00:26:59,429 --> 00:27:08,249 | sitting at your chart for the first time. You only see what you see here. At present. You don't have any idea what I talked about last night. You don't have |
| 127 | 00:27:08,249 --> 00:27:25,679 | any preconceived bias? Nothing No. no influence at all. You sit down you see this at 830. What was the rush to do? Take out by side. All these highs over |
| 128 | 00:27:25,679 --> 00:27:39,899 | here had Bice thoughts resting above it. So at 830 in one single pass, it ran up there traded into an old new week opening got low. Here, and then did it stay up |
| 129 | 00:27:39,899 --> 00:27:51,629 | there? No. But it was in a rush to go there, wasn't it? And since it has happened, what has price done? Has it reversed? No. Has it come back down to |
| 130 | 00:27:51,629 --> 00:28:05,909 | some measure of fair value? Yes. But this count, bullish breaker. It's offered multiple passes in Monday's initial fair value gap. But we're watching this |
| 131 | 00:28:05,909 --> 00:28:13,319 | ribbon. So I'm teaching you Yes, there are fair value gaps here. And just because an indicator might be out there that someone's coded and they see a |
| 132 | 00:28:13,319 --> 00:28:26,969 | separation between one candle and a candle two candles later. That does not mean that's a tradable inefficiency. It doesn't mean that's an ICT fair value. It |
| 133 | 00:28:26,969 --> 00:28:40,859 | just means that yeah, there's an imbalance there. What makes my concept mine is how I utilize it within a narrative. So yes, I did invent the concept. And the |
| 134 | 00:28:40,859 --> 00:28:48,929 | guys like to say I didn't, because it makes it feel better that you're not underneath my tutelage. I don't care if you consider being a teacher, you're not |
| 135 | 00:28:48,929 --> 00:28:59,039 | gonna say that I can invent this stuff because I did. And balances have always been in the marketplace, but how I incorporate them in my analysis and tape |
| 136 | 00:28:59,039 --> 00:29:01,619 | reading. That's the unique part. |
| 137 | 00:29:08,339 --> 00:29:21,239 | The other bodies of these two candles here are respecting that fair value got. So incorporate that with the rush to get above here for the buy side. It went up |
| 138 | 00:29:21,239 --> 00:29:32,009 | to a premium array, which is the new week opening gap low. An older one, but still, nonetheless, it's there. And then the market trades back down into |
| 139 | 00:29:32,159 --> 00:29:42,689 | bullish breaker. Have we seen animation to the upside? Was there a desire to quickly and aggressively run to new highs After trading the tiebreaker? Not yet. |
| 140 | 00:29:43,829 --> 00:29:55,949 | What's holding it back? This fair value guy which is why I said we'd have to wait and see does it want to give way trade above it? And then start a new |
| 141 | 00:29:55,949 --> 00:30:07,829 | candle and trade down to it. That is the minimum that's the min Domo. Otherwise I sit still I don't do anything. None of this causes any regret for me. I don't |
| 142 | 00:30:07,829 --> 00:30:16,469 | feel like I missed anything. I don't want to chase it. I don't care. It's going to do something that makes sense than me before it does it. I'm not looking at |
| 143 | 00:30:16,469 --> 00:30:30,689 | pricing. Oh, oh, oh, is that what you call it? No. It's either going to do something I'm expecting or I'm doing nothing. That's discipline. That's trusting |
| 144 | 00:30:30,689 --> 00:30:39,659 | your experience and your model, and what you're looking for in price action. I'm not reacting to price. I'm anticipating what I want to see in price to deliver |
| 145 | 00:30:39,989 --> 00:30:51,389 | within the narrative that I'm expecting to unfold in price. That's a whole lot of mumbo jumbo. I know. But long story short, I'm waiting for a setup that fits |
| 146 | 00:30:51,389 --> 00:31:07,109 | the criteria that I have. Nothing in this movement so far. Makes me feel like I need to do anything yet. And that is a that's a superpower for a trader. Okay. |
| 147 | 00:31:09,239 --> 00:31:21,509 | If you're a trader, if a trader was a superhero, what characteristic would you want to have as a superhero? If a trader was a superhero, invincibility? That's |
| 148 | 00:31:21,509 --> 00:31:33,239 | what a neophyte wants. Never losing trader. Well, they don't exist. Because even even kryptonite, you know, is, it looks like Jade, doesn't it? But it's not in |
| 149 | 00:31:33,239 --> 00:31:45,389 | its Superman's weakness, right. So everybody, you know, regardless, they always have some kind of flaw, some kind of weakness of some sort. But a superpower |
| 150 | 00:31:45,389 --> 00:31:59,639 | that every trader should aspire to have is self control, patience, and understanding about how they're going to react. How are you going to? How are |
| 151 | 00:31:59,639 --> 00:32:07,049 | you as a trader going to look at price action like this? And every time it dropped down like that, I guarantee some of you were salivating. It's going to |
| 152 | 00:32:07,049 --> 00:32:16,529 | go down for those relatively close at eight o'clock 930. It could have not thinking that I'm thinking it's stuck right here. Why should it be stuck? |
| 153 | 00:32:20,879 --> 00:32:32,759 | Because everything is disjointed, it's not symmetrical market, all three averages are not moving together. They're not moving in tandem. Stop posting. |
| 154 | 00:32:46,680 --> 00:32:57,510 | So I would really want to see it run here about that fair pay gap right now and this candle or the very next one? Only because we've had two times trading down |
| 155 | 00:32:57,510 --> 00:33:09,840 | into that bullish breaker, in my opinion. If that breaker, which is this one over here, this is the up close candle this highest up close. If it goes back |
| 156 | 00:33:09,840 --> 00:33:18,540 | down and one more time, I'm not so confident that that's something that's going to support price anymore. Because did it deliver a response that I would expect |
| 157 | 00:33:18,540 --> 00:33:30,510 | in price from here? No, this is just going back up to a premium array, which is this fair value. Here we traded down to it. It's showing the same type of |
| 158 | 00:33:30,540 --> 00:33:39,660 | response here, but it has yet to go above that fair value got, I would want to see this candle or the very next one. Without going below this low. It would |
| 159 | 00:33:39,660 --> 00:33:47,820 | mean they would demand it rather say it that way. I would demand you want to hear supply and demand and air it is it demands price to deliver that specific |
| 160 | 00:33:47,820 --> 00:33:52,260 | way. Or I'm going to supply myself a reason to sit still. |
| 161 | 00:33:58,859 --> 00:34:10,889 | But that's what you would want. If you were trading where a trader was a superhero, you would want to know how to avoid doing something where a weakness |
| 162 | 00:34:10,889 --> 00:34:21,719 | could be hidden in the price action that you don't necessarily see coming. But you understand that these are the conditions where kryptonite might be in these |
| 163 | 00:34:21,719 --> 00:34:34,319 | candlesticks. So therefore, let me tread lightly. I'm not going to rush in here, where every time they can Harry, some Suicide Squad will jump out there and do |
| 164 | 00:34:34,319 --> 00:34:45,599 | something you know wreck themselves. That's why it always looks like I'm always right. I never show losses. The reason why I'm sharing that is because I know |
| 165 | 00:34:45,599 --> 00:34:55,289 | what I'm looking for. I do lose. I've got I got it wrong a couple times. So luckily, there's no shame in that. But the reason why I'm most the time not |
| 166 | 00:34:55,289 --> 00:35:04,619 | always most of the time accurate is because I'm working with them. In the mindset, and the skill sets I'm trying to convey to you in the long, boring |
| 167 | 00:35:04,619 --> 00:35:14,729 | discussions, but you want entries and you want signals and you want to copy something and you want to make money. That's, that's a derivative of doing |
| 168 | 00:35:14,759 --> 00:35:25,829 | everything I'm trying to tell you, which is more meaningful. How do you navigate? How do you sit still and do nothing? What are you waiting for? I |
| 169 | 00:35:25,829 --> 00:35:32,969 | promise you, if you stay with me long enough, you'll move away from that mindset of just get me into a trade, show me where to buy and sell. And then you'll |
| 170 | 00:35:32,969 --> 00:35:40,679 | start having more meaningful questions that will mount up like how do you know when to not take a trade? How do you know when not to consider a fair value get |
| 171 | 00:35:40,709 --> 00:35:49,769 | useful? How do you know when a breaker is going to fail? How do you know I'm talking about right here. But it's not sexy. Because it's not putting you into a |
| 172 | 00:35:49,769 --> 00:36:02,249 | trade. It's not chasing money. But this is how you make money. This is how you keep your money. Okay, so here's our second candle. So it needs to get above the |
| 173 | 00:36:02,249 --> 00:36:12,299 | fair value gap here. Okay, so we've done nothing except for what we've already done previously with here, here and here. |
| 174 | 00:36:20,070 --> 00:36:28,020 | Okay, so now because I've given you that demand, of what I would see price, do, we're in a five minute chart, I'm going to drop down to a one minute chart, |
| 175 | 00:36:28,020 --> 00:36:30,450 | okay, because we passed above it. |
| 176 | 00:36:40,230 --> 00:36:49,860 | And this is the risk that we run, it may just tear off without us. I'd like to see this candle close and open, have another one trade down to it, and then |
| 177 | 00:36:50,010 --> 00:37:03,330 | react off of it that way. And then see if it can reach up in that 41 30.75 level 4140 and a half. NASDAQ made a higher high, Dow is still sleeping in the mud, |
| 178 | 00:37:04,140 --> 00:37:16,230 | dollar still meandering a little bit higher. See, Ya see, I don't like that. Do we just did there, all we did was spike through one more time, I would have |
| 179 | 00:37:16,230 --> 00:37:26,880 | rather seen it close on that candle and open a new candle entry. Bam. That's what I would have rather seen. But now we're on a one minute chart. So we'll |
| 180 | 00:37:26,880 --> 00:37:35,610 | watch this here. So if we can get a close above on that one and a new candle opening that trades down to it, we would want to see it support price there and |
| 181 | 00:37:35,610 --> 00:37:43,650 | then look for it to expand higher. That's the process. That's the process the protocol how I would utilize that inversion fair value got that's not the only |
| 182 | 00:37:43,650 --> 00:37:55,140 | way I use it. That's not the only way it can be used. But that's the entry level expectation how to utilize it. Now if I was extremely bullish, that's the let's |
| 183 | 00:37:55,140 --> 00:38:06,210 | play devil's advocate for a moment and say that all three averages the NASDAQ, the Dow and es we're all in agreement moving higher today. In this very vague, |
| 184 | 00:38:06,210 --> 00:38:16,500 | I've had my intention, I would be going long inside of it. Not requiring it to go above it and trade back down and support. Much like you see me sometimes |
| 185 | 00:38:16,500 --> 00:38:23,550 | entering an order blocks where I'm annotated Sankey, this is an order block. Why didn't you wait for it to go above it and come back now because that's just |
| 186 | 00:38:23,550 --> 00:38:32,010 | another way of using it. Which is the reason why I say that most of you that are seeing people utilize my concepts and try to teach them, they're not really |
| 187 | 00:38:32,010 --> 00:38:41,190 | teaching them because they don't really know. So there's buyside of 4136 relative equal highs here |
| 188 | 00:38:52,590 --> 00:38:54,210 | about eight minutes past 10 o'clock. |
| 189 | 00:39:02,580 --> 00:39:10,350 | Look for immediate rebounds here, which would be like coming down to the top of this candle or just short of it, and then run higher. That's it, I would expect |
| 190 | 00:39:10,350 --> 00:39:22,770 | to see something like that immediate rebalance is my concept when there doesn't require three candles to make, what would you expect as a fair value gap? Let's |
| 191 | 00:39:22,770 --> 00:39:31,080 | say this candle stops right here. And there would be this gap here. Immediate rebalance is where opens, comes right back down, touches that candle and then |
| 192 | 00:39:31,080 --> 00:39:40,890 | like rocket fuel takes off. That's fun. That's also something I watch when I'm looking at order flow. Generally that happens either when everything starts |
| 193 | 00:39:40,890 --> 00:39:49,140 | getting in sync or the market is symmetrical. And it's so obvious where it wants to go to. Those are those low resistance liquidity run conditions that I'm |
| 194 | 00:39:49,140 --> 00:40:00,480 | trying to teach you how to appreciate. Whereas in these conditions, think about what you're feeling today. Even with me talking to you. You want so bad had to |
| 195 | 00:40:00,480 --> 00:40:11,160 | find something to get in here and do you want to have some kind of response monetarily? Preferably new profitable, but you feel like you want to be doing |
| 196 | 00:40:11,160 --> 00:40:19,980 | something otherwise it feels like it's wasted time. You won't have that impulse. Once you fully understand what I'm showing you the contrast between this type of |
| 197 | 00:40:19,980 --> 00:40:33,720 | market environment which they all have very similar characteristics, the characteristics being a high resistance, liquidity run, condition, translate |
| 198 | 00:40:33,720 --> 00:40:47,970 | that to a very stubborn, stag stagnant market condition where, yes, given enough time, it can go somewhere, it might even go to where you think it might go. But |
| 199 | 00:40:48,150 --> 00:41:01,260 | do you have the wherewithal to hold through all this choppiness until it gets there, versus trading in conditions that have no decoupling? Meaning that you're |
| 200 | 00:41:01,260 --> 00:41:12,600 | gonna be trading stock index futures, the Dow, the NASDAQ, and the E Mini s&p are all moving in tandem the same direction. And the dollar index is moving the |
| 201 | 00:41:12,600 --> 00:41:22,470 | opposite direction. And you have the support of other markets like Forex, individual stocks that you might like that are high volume movers. If all those |
| 202 | 00:41:22,470 --> 00:41:37,590 | things agree, collectively, then you have the conditions that are ripe for a low resistance liquidity run, meaning that the market will will be much more liquid |
| 203 | 00:41:39,060 --> 00:41:49,230 | fast, it'll run from one pdra to the next with relative ease, it will be almost immediate feedback that you're right. One side note it's not right that your |
| 204 | 00:41:49,230 --> 00:41:59,400 | trade but right on side, PD arrays like order blocks, fair value gapped institutional order flow into drills breakers, in low resistance, liquidity run |
| 205 | 00:41:59,400 --> 00:42:10,680 | conditions where everything is in agreement. See, this is what you're waiting for. You want to wait for these things form in price action, that leads to low |
| 206 | 00:42:10,680 --> 00:42:20,220 | resistance liquidity runs, where the market is quickly, easily just without any effort at all. And fast fan just takes off and goes right to where you want it |
| 207 | 00:42:20,220 --> 00:42:31,680 | to go. That's what professional traders should focus on. Not Well, I gotta be out here and do it. Because I gotta push my edge. You dial your edge by doing |
| 208 | 00:42:31,680 --> 00:42:43,380 | that, you dial it. You want to be able to pick your shots, know what you're waiting for, in because you know what you're looking for. Because you know that |
| 209 | 00:42:43,380 --> 00:42:56,670 | you are expecting a specific thing to unfold your patient, you're not going to be caught up in the frenzy that an average retail trader would be clamoring to |
| 210 | 00:42:56,670 --> 00:43:12,720 | figure out what they're supposed to be doing right now. I gotta do some right now. No, you don't. There's your new opening gap? Well. Let's see if we can get |
| 211 | 00:43:12,720 --> 00:43:26,340 | the 4138 75 the consequent Crusher, I'm going to measure that to see you guys can see why I was talking about that level. Ticking a Fed dropping rate on that |
| 212 | 00:43:26,340 --> 00:43:41,760 | level to here. So 41 38.75 That's consequent encroachments midpoint of this old new week opening gap by itself. By itself. We've seen movement from the fair |
| 213 | 00:43:41,760 --> 00:43:51,900 | value gap that we want to see become an inversion fair value gap. Run from here to here. So that's five handles by itself, just underneath five handles, and I |
| 214 | 00:43:51,900 --> 00:44:06,150 | guess it is five hands isn't? What's this opening price 32 and a quarter in the high 35 A quarter. So there's five handles there. I wouldn't be satisfied unless |
| 215 | 00:44:06,150 --> 00:44:14,040 | it went to 41 or eaten three quarters. But more specifically, I'd like to see it pop up and touch the high end. But minimum threshold would be here. I would like |
| 216 | 00:44:14,040 --> 00:44:28,800 | to see that. But now think about think about what it is I'm showing you and what I'm teaching you even in this sloppy choppy mess. I'm patiently explaining to |
| 217 | 00:44:28,800 --> 00:44:40,050 | you what would be expected in price what we would be waiting for. We're not trying to reach for some kind of indicator to plot something. We're looking for |
| 218 | 00:44:40,050 --> 00:44:48,540 | things to occur. You want to draw these things on your chart, folks. Okay. I understand that the flavor is is your consequent encouragement see if we can pop |
| 219 | 00:44:48,540 --> 00:45:00,000 | the 4140 and a half. I know it feels like you're high tech. If you have a button that you can push and all these things this populate on your chart on four |
| 220 | 00:45:00,000 --> 00:45:08,340 | Fortunately, if you spend any time with the folks that use those things, and I've seen them, and I understand what you're trying to do, and it's cool in some |
| 221 | 00:45:08,340 --> 00:45:20,760 | ways, I'm flattered that they're trying to automate some of the things I've taught. But I'm not. I'm not a fan of it. I'm old school. And there's your new |
| 222 | 00:45:20,760 --> 00:45:38,910 | governing pie. So let's, let's run through the NASDAQ, and Dow real quick so you can see it. This boring stuff. So here's the consolidation, and then rally |
| 223 | 00:45:38,910 --> 00:45:56,280 | higher. And then let's go down. So here's a six SR idea. What's the resting above here? Bison, are we there yet? No. So you can look at how we can utilize |
| 224 | 00:45:56,280 --> 00:46:04,020 | something like this here, we could drop it, I'm not going to do it here. But this is where I usually drop down into like a five second 10 second 15 second |
| 225 | 00:46:04,020 --> 00:46:16,410 | chart. And I'll buy a fare Vega boss Annabelle, so some efficiency rate in here. Now, if I was showing you this timeframe, and I went in and I bought here, |
| 226 | 00:46:17,310 --> 00:46:29,400 | invariably, someone to look at him chasing price, not understanding that the context behind it would be number one, the ES is performing. The NASDAQ is |
| 227 | 00:46:29,400 --> 00:46:54,090 | performance. Real quick, just check that out. That's that higher, firmer? Yes. Higher, and Bell. Okay, so trading at 33 879, what's called a ad, an ad to the |
| 228 | 00:46:54,090 --> 00:47:08,280 | buy side and here. So 11 points or so it's not a lot. But that's a high frequency scale. That what I just gave you is a high frequency trading |
| 229 | 00:47:08,310 --> 00:47:17,760 | algorithm. It will look for that displacement among the three averages. For instance, the NASDAQ's been leading to the upside. And this is the part where |
| 230 | 00:47:17,760 --> 00:47:25,410 | you write this stuff down, folks, if you're, you know, you're eating bonbons and your slippers are still on, you're just looking out your window, you're wasting |
| 231 | 00:47:25,410 --> 00:47:35,430 | your time, high frequency trading algorithms will look for that disparity between the averages. And when there is a buy program, which is what we were |
| 232 | 00:47:35,430 --> 00:47:47,790 | outlining this morning, we want to see it have all three averages moving in tandem, they should agree. If it doesn't, that's fine. Because it will create |
| 233 | 00:47:47,790 --> 00:47:57,060 | this six SR concept when other words, one of them is sick. It doesn't have the energy, it doesn't have the strength to perform the same way the leader did like |
| 234 | 00:47:57,060 --> 00:48:07,800 | the NASDAQ. But given enough time, it heals, it gets its strength and then finally moves in sympathy. So it runs in favor of what the stronger one has |
| 235 | 00:48:07,800 --> 00:48:19,440 | done. So it pulls the strong one pulls this one up. It grabs a hold of it by its hair and drags its rear end up, you know, higher with it. So what the algorithm |
| 236 | 00:48:19,440 --> 00:48:28,740 | high frequency trading algorithm would do is look for that moment where I just outlined to you there's a disparity, the orders haven't been taken for data yet. |
| 237 | 00:48:30,060 --> 00:48:42,000 | So a high frequency trading algorithm would go in there on a drop down on five or 10 or 15 second intervals, sometimes less than that. They will buy into that |
| 238 | 00:48:42,000 --> 00:48:48,870 | inefficiency. And when it happens, you get that |
| 239 | 00:48:50,670 --> 00:48:57,930 | you don't need me to push a button, folks. I'm telling you what's going to happen. Because all you got to do is listen, because this stuff repeats every |
| 240 | 00:48:57,930 --> 00:49:09,180 | week, every day, and it will not stop. They can't hide it from you. They cannot hide these things from you folks. There's no reason to be fearful that it's |
| 241 | 00:49:09,180 --> 00:49:15,930 | going to stop working. When the markets are taken away from us entirely and we can't trade them. That's something to worry about. But as long as we have access |
| 242 | 00:49:15,930 --> 00:49:24,900 | to trading, these concepts that have already been created and presented to the community will continue to work. They won't fall out of favor. They won't become |
| 243 | 00:49:24,900 --> 00:49:33,810 | the retail logic because this is the market. There's always new suckers coming into this industry Always. Always. And they're always going to buy the same |
| 244 | 00:49:33,810 --> 00:49:47,490 | stuff that you've bought that I bought books, courses, listening people on the internet and they will always start off on the wrong foot. And because of that, |
| 245 | 00:49:48,090 --> 00:50:08,340 | because of that very truth. It repeat back to yes or no it's boring. So now let's take a step back. And look at that five minutes chart. Okay? So remember I |
| 246 | 00:50:08,340 --> 00:50:21,360 | was telling you about the bullish breaker, we did not want to see it come back down here, we need to see it in this candle said that candle or the next one, it |
| 247 | 00:50:21,360 --> 00:50:29,700 | needs to run traded up into the low and into constant encroachment into the high and then went even further. |
| 248 | 00:50:48,870 --> 00:51:03,510 | So also think about what I mentioned, one minute, 20 minutes or so, this low I mentioned that was a swing low within the context of what looking for price to |
| 249 | 00:51:03,510 --> 00:51:15,270 | try to catch up with the NASDAQ. Think about what price was showing right here. Okay, right in here. And then look at what NASDAQ was doing at that very time |
| 250 | 00:51:15,270 --> 00:51:37,290 | right here. This 935 candle? Let's look at NASDAQ. 935, we're up here. So what's going on here? NASDAQ is tipping its hand. It's saying we're under accumulation. |
| 251 | 00:51:37,740 --> 00:51:56,310 | We're going to buy program. Watch for higher prices. I'm not waiting around. I'll see when we get there. Yes. Chatting around. Start the individuals, scaring |
| 252 | 00:51:56,310 --> 00:52:06,750 | individuals, worrying individuals, confusing people. And the only thing we're doing is looking at two reference points, what were the the bullish breaker |
| 253 | 00:52:06,780 --> 00:52:18,960 | which had tapped twice, and the Monday initial fair value got dragged through, because we're not supplying demand? I'm sorry, I'm not. If it was something just |
| 254 | 00:52:18,960 --> 00:52:24,690 | like that, I could just say here, just do that learn that I would do that I would save myself a whole lot of time and aggravation and listening to people |
| 255 | 00:52:25,140 --> 00:52:36,120 | say things that aren't true. But that consequent encouragement of that gap, trades right down the midpoint of the high and the low hit point right there. |
| 256 | 00:52:37,950 --> 00:52:51,570 | Inside of the order block. accumulation, I told you the time it needs to go on this candle or that one? It does. We dropped down into a one minute chart once |
| 257 | 00:52:51,570 --> 00:52:52,710 | it traded above. |
| 258 | 00:52:57,750 --> 00:53:09,750 | We opened that it dug into a little bit rally fair value got the low of that candle here. You're gonna look up here, upper left hand corner, see that right |
| 259 | 00:53:09,750 --> 00:53:26,910 | here? The low of that candle comes in at 4133. Even the high of this candle 4133. Even. That's perfect. You can't improve upon perfect. I'm sorry. But |
| 260 | 00:53:26,910 --> 00:53:36,270 | that's this is the thing. You're looking for that. Okay, when you first started trading, the things about you never losing, never having a losing trade. That's |
| 261 | 00:53:36,360 --> 00:53:44,400 | the myth that that's a myth, you're going to have a losing trade. And every trader takes a loss, I take losses. But what keeps me on side is what I'm |
| 262 | 00:53:44,400 --> 00:53:56,400 | explaining to you. Now think about how, how could I have said everything I said this morning? Shorter? Knowing what I've said here today, what I was looking for |
| 263 | 00:53:56,400 --> 00:54:04,260 | the rules and the reasons why I'd be waiting? What I'm looking for why I'm expecting it to do this. What am I referring to to support the idea of what |
| 264 | 00:54:04,260 --> 00:54:13,710 | would negate it? What would nullify it? Now come up with a way because you have it now in hindsight, how could you have said everything I said here in less time |
| 265 | 00:54:14,100 --> 00:54:24,870 | or less words? You can't. So that's the reason why these boring discussions and lectures are fruitful for you. If you spend the time in them, most of the |
| 266 | 00:54:24,870 --> 00:54:36,660 | questions that you don't even have yet are going to be answered preemptively by simply studying during these, these parts. Okay, these lectures. This is the |
| 267 | 00:54:36,660 --> 00:54:48,060 | stuff that I wish I would have had access to. Because entry mechanisms that's easy stuff, because that's easy. But knowing why the market should behave a |
| 268 | 00:54:48,060 --> 00:55:00,930 | specific way how not to be caught up on the wrong side, how to trust time, how to trust the the ebb and flow of how all these markets were work together. You |
| 269 | 00:55:00,930 --> 00:55:09,270 | can't just look at one chart one market and say, I'm going to be informed. And I'm just going to do this. You're not, you could be profitable, yes, but you're |
| 270 | 00:55:09,270 --> 00:55:20,430 | only looking at things through a very small scope. And there's a lot of other details and other supporting features that come by way of looking at other |
| 271 | 00:55:20,460 --> 00:55:34,350 | markets and other assets. So when you have this expectation of only looking at one market, only one market don't diffuse, or not diffuse, don't dilute my |
| 272 | 00:55:34,350 --> 00:55:42,510 | attention with something else, I might not even be interested in trading. Let me just focus on the market on trading. So therefore, I'm really dialed in. No, |
| 273 | 00:55:42,510 --> 00:55:53,430 | you're myopically looking at one thing, you're doing one trick pony analysis. And I can tell you, if you're really trying to be good at this, and you want to |
| 274 | 00:55:53,430 --> 00:56:05,760 | be calm. You want to feel composed, and you want it to be boring, folks, you absolutely don't want to rave environment. We're not running a nightclub here. |
| 275 | 00:56:07,110 --> 00:56:15,630 | You want your money making to be boring. You want excitement on the weekends, when you're not trading, then spend your money and do whatever you want to do. |
| 276 | 00:56:16,440 --> 00:56:28,260 | That's where the excitement comes in. You're enjoying the fruits of your labor. But this is war. You haven't won yet. You don't have your victory, you haven't |
| 277 | 00:56:28,260 --> 00:56:37,230 | taken your spoils yet. So there should be no celebrating and dancing while you're at war. You have to have your spear your sword at your side and your |
| 278 | 00:56:37,230 --> 00:56:50,040 | shield. And you got to be ready to bleed. Because that's what's going to come. And you want to keep that bleeding till the minimum. But you want to do as much |
| 279 | 00:56:50,040 --> 00:57:06,330 | damage to the marketplace when it presents its head on your blade. That is low resistance liquidity run trading. Markets transition from high resistance to low |
| 280 | 00:57:06,330 --> 00:57:19,200 | resistance. Where does that occur? Where does it occur today? I'll give you a minute to think about one grabbing a drink real quick. Just look at this chart |
| 281 | 00:57:19,200 --> 00:57:23,310 | tell me where those high resistance transition to low resistance? |
| 282 | 00:57:37,530 --> 00:57:50,190 | What time of day, do we focus on? What's what's the what's the flavor for April's teaching the silver bullet. So it's a time specific window of |
| 283 | 00:57:50,190 --> 00:58:00,270 | opportunity that the algorithm will present to traders that are aware that are looking for it. You just can't go out there and say, Oh, here's a fair value. So |
| 284 | 00:58:00,360 --> 00:58:14,880 | let's look at that and trade it. No, no, no, no. This is the reason why I get ticked off. And I go on rants. And I offend a lot of 20 year olds that want to |
| 285 | 00:58:14,970 --> 00:58:24,240 | copy me. Because you want to teach. You want to get clout that way, here's how you get cloud, learn how to do it, trade, and go out there and show that you can |
| 286 | 00:58:24,240 --> 00:58:32,010 | do it live and trade and know what it's going to do beforehand, you will get the cloud that you really want. Teaching it anybody can take what I've already said, |
| 287 | 00:58:32,460 --> 00:58:40,440 | and use a hindsight charter Market Replay and look smart. I don't want my students do that. I don't want any of my students doing that. Because anybody |
| 288 | 00:58:40,440 --> 00:58:49,110 | can do that. If you can call the market because you've understood how I've taught it to you and you understand how the markets going to behave, then that's |
| 289 | 00:58:49,140 --> 00:59:01,020 | wonderful. You know, I'm in support of that. But I want you to think about how, for instance, the fair value gap. That's the context or the multiplier used in |
| 290 | 00:59:01,020 --> 00:59:10,890 | the silver bullet trade. So let's walk through real time in context, everything I outlined here, and it's all in the recording, I can't change it. And there's |
| 291 | 00:59:10,890 --> 00:59:22,500 | 1000s of you that are sitting here watching me describe it live. Where are we talking about the market going down for ES No. What was the bias? Higher? What |
| 292 | 00:59:22,500 --> 00:59:37,350 | was I calling for as a target 4138 and three quarters and maybe 4140 and a half. So my bias intraday for the am session was bullish. It was not 5050 it was not |
| 293 | 00:59:37,350 --> 00:59:45,210 | it's going to probably go down here. And here's what's going to go. I was drawing your attention to that new week opening gap right there at 4137 and a |
| 294 | 00:59:45,210 --> 00:59:58,770 | half and even rather, and 4140 and a half in between what's consequent encouragement which is 41 38.75 While it was meandering around here, going |
| 295 | 00:59:58,770 --> 01:00:13,320 | sideways refer to that initial fair value gap on Monday. Blaming how it's drawn through the entire week. Much like I teach the opening price on Sunday, if you |
| 296 | 01:00:13,320 --> 01:00:25,470 | drag that through all of the week, it will treat it as fair value. It's also helpful for trading positions, long term positions, because you can if you're |
| 297 | 01:00:25,470 --> 01:00:36,870 | looking to be long, you want to ideally try to get something long below that opening price that opens on Sunday. It matters not how deep below, but your best |
| 298 | 01:00:36,870 --> 01:00:46,590 | case long term swing trading, no more. It's like trades that go longer than two weeks into months, if you will. They are better entered. If you're bullish below |
| 299 | 01:00:46,590 --> 01:00:53,760 | the opening price on Sunday, or if you're bearish above the opening price on Sunday, it's not limited to that. But the best if you go back and look at your |
| 300 | 01:00:55,650 --> 01:01:06,660 | opening moves and such on longer timeframe, you'll see that's true. It's not just the foreign period thing. I've said this in core content too. But I drew |
| 301 | 01:01:06,660 --> 01:01:13,440 | out your attention to the bullish breakout, which is the blue shaded area here. But we'll go to a five minute chart because that's where it started from. So |
| 302 | 01:01:13,440 --> 01:01:23,640 | here's your bullish breaker. And I mentioned this Monday fair value. Is it hard to see how we have accumulated in both those areas? It's hindsight now you can |
| 303 | 01:01:23,640 --> 01:01:36,570 | see it clearly. But you being told real time at the time to focus there. Did it do what we were looking for? Yes. Did it run finally through the fair value gap |
| 304 | 01:01:36,570 --> 01:01:45,180 | that we were sitting behind waiting for it to give way? Yes, it did. Did it do it in the candles? I told you it would do it on? Yes. Did it run to the low of |
| 305 | 01:01:45,180 --> 01:01:54,210 | the new weak opening gap? Yes. Did it run for the buy side of both here? Yes. Did it go to 4138? And three quarters? Yes. Did it go to 4140 and a half? Yes. |
| 306 | 01:01:54,810 --> 01:02:08,730 | Was there five handles to that move? Yes. Where did the market shins transition from high resistance liquidity to low resistance liquidity runs. Its go back |
| 307 | 01:02:08,730 --> 01:02:24,930 | down to one you're waiting patiently. You're not retail. You might trade with a retail broker. But under my tutelage you are not retail minded. You're not |
| 308 | 01:02:25,260 --> 01:02:35,250 | You're not learning to do what retail traders do here not falling victim to things they fall victim to. You're relaxing. You're letting price give it to you |
| 309 | 01:02:35,940 --> 01:02:39,300 | on a silver platter right there. What do you see |
| 310 | 01:02:45,210 --> 01:02:51,690 | everybody got I mentioned right there, that is your silver bullet? |
| 311 | 01:03:12,570 --> 01:03:21,060 | Where's the draw on liquidity? This high. But if it's gonna go above this high, Michael, where can it go? Well, that's what I had the new week open a gap there |
| 312 | 01:03:21,060 --> 01:03:30,390 | for. So what level above this high exist, the initial one right above that high would be what? Consequent parchment which is the midpoint between the high that |
| 313 | 01:03:30,390 --> 01:03:43,860 | oh we old new week opening gap and the low of this new week opening gap. So above this high, the level was 41 38.75 which is midpoint or 50%. On a fib if |
| 314 | 01:03:43,860 --> 01:03:54,090 | you drop it down on top of those levels like I did earlier. That gives you the target above buyside. So if you're buying inside the fair value gap here and |
| 315 | 01:03:54,090 --> 01:04:06,540 | we'll just do a worst case scenario would be like the midpoint 4133 and a half. So 4133 and three quarters. There's five handles 4138 and three quarters, that's |
| 316 | 01:04:06,540 --> 01:04:15,180 | five handles. That's the silver bullet and you don't even need to get to the high of the new opening. And you don't get all this fluffy cream on top if you |
| 317 | 01:04:15,180 --> 01:04:35,640 | let the runner So while all this choppiness was going on for your notes, this is called time distortion. This right here is what makes people say time based |
| 318 | 01:04:35,640 --> 01:04:51,000 | charts are useless because they have no idea how to use time I just showed you today the time Bender be the context was we've already went from this fear of a |
| 319 | 01:04:51,000 --> 01:05:02,970 | gap over here. Let's go back to a five minute chart to the fear of a gap here. Do you like doing this folks? I Give me a Thumbs Up on the video if you if you'd |
| 320 | 01:05:02,970 --> 01:05:10,920 | like learning like this, you're inspired by this seeing it live and watch out paints, give me a thumbs up, I'd appreciate that. That's an encouragement to me, |
| 321 | 01:05:11,130 --> 01:05:17,820 | I promise you, it doesn't make me any more money when I had revenue. Because I got videos, I have a lot of thumbs up and it didn't do anything more than the |
| 322 | 01:05:17,820 --> 01:05:24,690 | videos that don't have much thumbs up. It's just a marker for me to see that you're paying attention. And you appreciate me doing this because I don't have |
| 323 | 01:05:24,690 --> 01:05:37,860 | to do it. But that fair value gap. We had lost my train of thought. Not sure I was gonna say there. Now. Let me go back to the moment sorry to jog my memory |
| 324 | 01:05:44,790 --> 01:05:56,520 | time distortion. So all of these candles in here. This is time distortion. But if you go back to the five minute chart where everything originated from our |
| 325 | 01:05:56,520 --> 01:06:04,830 | frame of mind and focus was yes, we have this fair value gap. Yes, it dropped down into a discount as we would expect it to do into a bullish breaker, which |
| 326 | 01:06:04,830 --> 01:06:20,880 | is a discount array. How far could it go down? To the low of that candle right here? This candle at 710? Why isn't this the breaker? Because the body of the |
| 327 | 01:06:20,880 --> 01:06:32,610 | candle of this one is higher than the body of that candle. Even though this high here, I don't care about that. The volume inside that candle dictated that it |
| 328 | 01:06:32,610 --> 01:06:45,690 | would be closing here. The wicks do the damage, the bodies tell the story. You can't just go Oh, this looks like a breaker. No, you have to grab the right |
| 329 | 01:06:45,690 --> 01:06:59,130 | range. And I'm giving you and teaching you and have already taught how to identify the specific order block. How you use these order blocks. That's |
| 330 | 01:06:59,250 --> 01:07:06,450 | experience you have to be mentored by me, you have to see me doing it. You just can't say every down closed candle is an order block. Just like I'm going to |
| 331 | 01:07:06,450 --> 01:07:18,660 | show you every down. I'm not sorry, every fer Vega isn't something to be traded. You have to have an understanding of narrative narrative is in the simplest way |
| 332 | 01:07:18,660 --> 01:07:32,400 | of explaining it, it would be knowing what the algorithm will do based on its source coding. Not that this is what a pattern should show. It's what is the |
| 333 | 01:07:32,400 --> 01:07:42,300 | algorithm? What's the algorithm going to do? And why should it and when should you expect it to happen? I'm gonna say that again. And before I complete this |
| 334 | 01:07:42,300 --> 01:07:52,830 | video today with you think about what I just told you to think in terms of what narrative is, this is what you write your notes. Narrative is the understanding |
| 335 | 01:07:52,830 --> 01:08:08,670 | of what the algorithm will do next. Why it will do so and when it will do it. Those are three questions that if you were to do a poll publicly, even if you |
| 336 | 01:08:08,670 --> 01:08:20,880 | ask people that call themselves, market makers, desk, traders. I used to work in the city. And I was working at a prop firm and I was doing this and I was doing |
| 337 | 01:08:20,880 --> 01:08:33,600 | that. Do this, call it like this. Because those individuals aren't going to believe that there is this much level negotiation and control. They think this |
| 338 | 01:08:33,600 --> 01:08:44,640 | is all buying and selling pressure. And the question is that I always pose How can random buying and selling pressure present, the level of precision that I'm |
| 339 | 01:08:44,640 --> 01:08:54,960 | showing you exist at the time I'm telling you and anticipate it. It takes more faith to believe that garbage than it does to see the proof in evidence I'm |
| 340 | 01:08:54,960 --> 01:09:11,130 | presenting every time I sit down with you. So narrative is the understanding of what the algorithm is going to do in price next. Why it should do it? And when |
| 341 | 01:09:11,130 --> 01:09:19,980 | will it do it? I've walked you through it today. Like I've done many times. But I want to go into greater detail here. And in close this one video a good |
| 342 | 01:09:19,980 --> 01:09:31,620 | weekend when we had this consolidation in here, drew your attention to the fair value gap here. I told you that the initial fair value gap on Monday that was |
| 343 | 01:09:31,620 --> 01:09:41,280 | one of interest for me and I told you I drag that out much like a Sunday opening price. Just like I teach on an intraday daily basis, the opening price at |
| 344 | 01:09:41,280 --> 01:09:48,300 | midnight. You can utilize that for power three concepts and you buying below it when you're bullish, selling short above it when you're bearish. It's a really |
| 345 | 01:09:48,300 --> 01:09:56,640 | nice filter. It doesn't mean you can't take shorts or long's that would not be in agreement with that idea. It just means that that's the best of the best. If |
| 346 | 01:09:56,640 --> 01:10:02,820 | you're really trying to be disciplined, and you're willing to let a lot of trades go By that, you just really want the best ones. And you want to have like |
| 347 | 01:10:02,820 --> 01:10:10,560 | the record that I'm showing you publicly because I always ask for a track record, my track record is what you see, on accurate. When I call it, it works. |
| 348 | 01:10:11,220 --> 01:10:21,090 | When I whistle for it, it comes. That's the track record, I'm bringing it publicly, you don't need me to push a button, you already know how to do that |
| 349 | 01:10:21,090 --> 01:10:29,340 | part of it. What you don't know is what I'm showing you here live. That's mentoring, showing you what's going to happen in price before it happens. And it |
| 350 | 01:10:29,520 --> 01:10:41,610 | does it. It encourages you. It shows you that the concepts are indeed valid. And it shows and proves authorship. So let's go into those three questions here with |
| 351 | 01:10:41,610 --> 01:10:53,940 | this morning and kind of like solidify this as a lecture that you can be thankful that you were part of the initial opening range I mentioned here. That |
| 352 | 01:10:53,940 --> 01:11:06,420 | was providing us initial resistance on the idea that we would see es get in sync with what the NASDAQ was doing. So go back and think about what I was suggesting |
| 353 | 01:11:06,420 --> 01:11:18,780 | about the dollar, I wanted to see it go weak, go lower, but it could. Here's one of those if then statements in logic. If the dollar goes lower vs can go higher |
| 354 | 01:11:18,840 --> 01:11:30,720 | easily. However, if that doesn't occur, then we find that the dollar consolidates, which is what I said in the recording, go back and listen to it, |
| 355 | 01:11:30,930 --> 01:11:44,040 | it can consolidate while the dollar has been consolidating. Don't believe us take a look at Yes, we went up here, but it's inside that range high in that |
| 356 | 01:11:44,070 --> 01:11:54,780 | range low. So we're doing what we're just going sideways. So consolidating dollar is not equivalent to a lower dollar where we would expect higher prices |
| 357 | 01:11:54,780 --> 01:12:05,100 | and ES. But we would not want to go long. Yes. If this was raging higher and traded outside of its dealing range high. That's not what we want to see. But we |
| 358 | 01:12:05,100 --> 01:12:15,150 | haven't seen that yet. So it's all consolidation. Now, let's bring in indicators, okay, there's a couple of companies out there a couple of |
| 359 | 01:12:15,150 --> 01:12:23,760 | individuals out there making indicators for trading view and other platforms. And don't get me wrong, I love the publicity, because it's getting people |
| 360 | 01:12:23,790 --> 01:12:29,730 | knowing more about me and you can find the channel and you can learn how to trade for free and not have to worry about paying anybody to do it or pay a |
| 361 | 01:12:29,730 --> 01:12:43,950 | ripoff it's been taking my content and rebranding it. The indicators would plot these little areas here, as fair value gaps. That's not what it is. This is not |
| 362 | 01:12:43,950 --> 01:12:51,150 | a fair way you get that you can utilize for that purpose. If you go back into the recording, if you hear me read down here, I said I don't want to see it turn |
| 363 | 01:12:51,150 --> 01:13:03,270 | here. Because not that it can't go up here and treat it as a cellphone and bounce back on efficiency or premium Faraday got to go short and expect lower |
| 364 | 01:13:03,270 --> 01:13:16,200 | prices. It's already done. Three stages. A low that went below him, this one over here. This low went below that one. Now this low was here. Go back and |
| 365 | 01:13:16,200 --> 01:13:26,520 | listen to the recording during this time. I'm saying I don't want to see it turn here. So if it starts to turn here, it's going to do what it's going to trade |
| 366 | 01:13:26,520 --> 01:13:34,650 | back up into these areas here where anybody just watching one ICT video. We're learning from somebody else, what $1 mentorship, rebranding my stuff. They're |
| 367 | 01:13:34,650 --> 01:13:45,810 | gonna say, Oh, this is a short. This is a bearish order block. It's not because the narrative is stating that the dollar has already done three stages of runs |
| 368 | 01:13:45,810 --> 01:14:00,840 | on sellside. It's not technically a three drives pattern, but from a narrative stance. It's already taken three pools of liquidity for sellside. So what is it |
| 369 | 01:14:00,840 --> 01:14:13,830 | likely to do next? Consolidate? Were run for buy side, where's it going to consolidate? It's going to consolidate? Here and here. What has it done? |
| 370 | 01:14:14,760 --> 01:14:31,860 | consolidated? If it runs higher, where's the buy side right about here? Okay, so that is hard to teach in a tweet. It's hard to talk about in hindsight for you |
| 371 | 01:14:31,860 --> 01:14:39,960 | to see Oh, that makes sense because it's going to seem like it's foreign put it in cherry picked. But I gave you all that insight. Go back and listen to this |
| 372 | 01:14:39,960 --> 01:14:51,930 | again. Right down here. I don't want to see it turn but it can consolidate. Consolidation in dollar is much like what I teach them teaching Forex. But |
| 373 | 01:14:51,930 --> 01:15:02,490 | Dollar index can be consolidated and when it consolidated it is consulting rather. What that does in forex, it allows the Cross pairs, the non dollar based |
| 374 | 01:15:02,910 --> 01:15:16,080 | currency pairs to move versus like when dollar is moving freely higher or lower. That's directional for Euro dollar POUND DOLLAR Aussie dollar. But if the dollar |
| 375 | 01:15:16,080 --> 01:15:26,550 | is held in consolidation, like we're seeing here, what happens is you'll end up seeing like Euro pound will be permitted to trade wider than it normally would. |
| 376 | 01:15:28,710 --> 01:15:37,680 | You'll see a difference between cable in Euro if you look at the difference between the two now, cable is a little bit weaker on the downside. And cable I'm |
| 377 | 01:15:37,680 --> 01:15:41,790 | sorry, Eurodollar didn't get while I'll just show it. I'm going to teach your rights as a show. |
| 378 | 01:15:45,239 --> 01:15:53,909 | So here's the Euro dollar and a five minute chart. I know some of you are here just for ES but trust me this is teaching what you need to know. So here's the |
| 379 | 01:15:54,089 --> 01:16:09,209 | sorry, the Euro dollar, okay, it's consolidating. With the dollar, POUND DOLLAR much more elevated even though it's sloppy and sideways, a lot more animation to |
| 380 | 01:16:09,209 --> 01:16:18,359 | the downside. What do you think's going to happen when we load up the Euro pound currency pair? What direction would it be? And would it be stagnant price |
| 381 | 01:16:18,359 --> 01:16:25,979 | action? Would it be consolidating like we've seen euro and dollar where would have a little bit more wider range or displacement? |
| 382 | 01:16:33,720 --> 01:16:45,450 | Oh, look at that. So Euro Dollar was consolidating. While dollar was consolidating, and cable was decidedly lower, more animation to the downside, |
| 383 | 01:16:46,440 --> 01:17:00,270 | giving way to a firmer Euro pound. So the trend is going to exist or materialize in this print this pair because it's not. It's not rooted or founded on the |
| 384 | 01:17:00,270 --> 01:17:12,990 | dollar. So the the allowance for the algorithm moves and shifts to this pair while they're holding dollar. Euro is heavily weighted with dollar. So it takes |
| 385 | 01:17:12,990 --> 01:17:22,020 | a lot for it to not be consolidating with it. But the times that it does break out, that would cause Euro pound to drop, but it's consolidating with dollar |
| 386 | 01:17:22,200 --> 01:17:32,700 | while cable drops cables POUND DOLLAR. So that is the equivalent to saying that this is going to go up as a trend. So you want to find big trending days or big |
| 387 | 01:17:32,730 --> 01:17:44,430 | trending model days. In crosses that are not dollar based. That is taught you this this is this is taught in the core content. Okay, this is is it one on one, |
| 388 | 01:17:44,610 --> 01:17:55,260 | okay, and this stuff is gold. It teaches you. You're not surprised, okay? Like you're hearing me talk about all this stuff live. And you'll ever hear me say, |
| 389 | 01:17:56,970 --> 01:18:05,580 | Man, where'd that come from? And that's exactly what you want in your analysis. You want to see this stuff coming? You don't want to be surprised by anything |
| 390 | 01:18:05,610 --> 01:18:12,960 | when you're surprised. That's something like a black swan event. And I'm surprised by that. That type of stuff. I'm like, Whoa, that was that was a lot |
| 391 | 01:18:12,960 --> 01:18:22,620 | more than I was expecting. Or where did that come from? Well, somebody just dropped the device that causes a lot of carnage somewhere, or some kind of |
| 392 | 01:18:22,620 --> 01:18:33,060 | geopolitical event or some kind of unpredicted, or unforeseen event unfolding. Like things like September 11. United States, something like that Pearl Harbor |
| 393 | 01:18:33,060 --> 01:18:40,230 | event, that type of thing. Nobody can know for certain that's going to happen. And when it does, its sends shockwaves through the markets and then you're going |
| 394 | 01:18:40,230 --> 01:18:53,730 | to take a loss. That's the risks. Okay. But now let's go back to ES. Forex shares like, yes, he started our Forex. Anytime you talk about forex yet, |
| 395 | 01:18:54,180 --> 01:19:03,810 | alright, so let's go back to the context where we were looking at all this in here. Now, this is time distortion. Okay, all these candles is bouncing around |
| 396 | 01:19:03,810 --> 01:19:14,670 | in that little range like that. That's time distortion, the way you clean all that up, and how I use time based charts, and how the algorithm itself will |
| 397 | 01:19:14,670 --> 01:19:26,280 | refer to time. You want to use a time based chart because that's the best way to see algorithmic price delivery. I don't care what anybody says about Renko Bars |
| 398 | 01:19:26,280 --> 01:19:34,920 | and all kinds of other crap. Okay, all that stuff is hiding what I'm going to show you. So if you want to be hidden from understanding why price is going to |
| 399 | 01:19:34,920 --> 01:19:43,860 | do it when it's going to do it, keep using anything outside of a time based chart. Keep doing that. Okay, I promise you this information. This insight will |
| 400 | 01:19:43,860 --> 01:19:52,350 | constantly elude you, and you're happy. Go run around, make videos and say I'm a fraud and it doesn't work. I don't care. I'm laughing. My students are laughing |
| 401 | 01:19:52,350 --> 01:20:01,440 | at these jokers that do that. Because we're proving every day every week that it's there. It's rooted in sound logic. That can't be our Dude, it's there. If |
| 402 | 01:20:01,440 --> 01:20:10,110 | it wasn't, I couldn't do what I'm doing. Right? Think about it. I'd be falling on my face every time I come out here and it's not happening. Is it? So these |
| 403 | 01:20:10,110 --> 01:20:19,950 | are the receipts. This is the proof. This is the evidence. So go back inside this range, what range this high to that low? Why am I picking that high? It's a |
| 404 | 01:20:19,950 --> 01:20:28,950 | closed candle. Why am I not picking that when it's up close candle because this candle is high is higher than that one. It's also having a candle that's lower, |
| 405 | 01:20:29,610 --> 01:20:39,270 | and it's high to the left of it. So this makes this one a swing high. So that high down to this bullish breaker that passed through one time. That is your |
| 406 | 01:20:39,270 --> 01:20:50,190 | dealing range. This is your dealing range. This is the part that people pay me for this information. Okay. So if you're going to sleep, starve yourself up, |
| 407 | 01:20:50,400 --> 01:21:04,680 | because this is what people want to see. So there's your dealing range right there. Right inside other ones lighten up as well to to bold. Okay, so you're |
| 408 | 01:21:04,680 --> 01:21:19,320 | dealing range inside that dealing range. I don't care how much time it spends inside of it. I don't care. I'm waiting. I'm waiting for something to occur. |
| 409 | 01:21:20,100 --> 01:21:27,750 | What was that everything I outlined this morning? Does it support price going higher at the breaker? Yes. It goes back down one more time. Does it go outside |
| 410 | 01:21:27,750 --> 01:21:40,170 | that range? No. So the only range is not disrupted. The only went down there one more time. But inside that range with all these candles, I am not worrying about |
| 411 | 01:21:40,170 --> 01:21:53,040 | this. Okay, I'm not impatient. You heard me. I'm waiting for what I'm waiting for the movement above that Faraday gap inside in side of this dealing range. |
| 412 | 01:21:53,730 --> 01:22:03,480 | And it's in the premium side of that range. It's an upper portion of the upper half of it. My expectation was we were going to reach for higher prices this |
| 413 | 01:22:03,480 --> 01:22:12,720 | morning, I outlined it, it's all in here. 41 38.75 was my specific target because it would take us about this high here. That's where buyside is. So where |
| 414 | 01:22:12,720 --> 01:22:24,030 | specifically am I aiming for because I'm not doing a supply and demand zone. I'm telling you specific price levels. I'm going to submit to time while it's doing |
| 415 | 01:22:24,030 --> 01:22:33,600 | all this chopping around until it does what I want to see it do right back to that fair Vega. Once it trades above that, and takes out these highs go back and |
| 416 | 01:22:33,600 --> 01:22:43,740 | watch the recording because that's when I transitioned down to a one minute chart. At that time, all through here, I'm gonna extend it a little bit further. |
| 417 | 01:22:44,160 --> 01:22:56,010 | Because this is where our ranges and then we crossed over the fair I got some I mean castling in this little orange box, this up close candle that took us above |
| 418 | 01:22:56,010 --> 01:23:08,460 | these highs and above that fair value gap. So dropping down to a one minute chart. And you thought it was just moving averages right? Oh, ICT entry with a |
| 419 | 01:23:08,700 --> 01:23:15,150 | moving average? Yes, you can. I used to do stuff like that. But I didn't know what I was doing. And I didn't know what I knew now. And I would never do that |
| 420 | 01:23:15,150 --> 01:23:26,490 | again. So here's your dealing range. So inside of this pie, and inside of this low, I'm not concerned of how many candles it makes going sideways until we get |
| 421 | 01:23:26,490 --> 01:23:38,490 | above. When we get above. Take up these highs here. What is that technically becoming a shift in market structure. We've already shown two times where it |
| 422 | 01:23:38,640 --> 01:23:48,450 | worked off of that bullish breaker, that blue shaded area down here. And I told you the candles that it needs to now deliver. Otherwise, it's not good. And it |
| 423 | 01:23:48,450 --> 01:23:56,070 | would probably go deeper than the bullish breaker. And my analysis would be incorrect. And I would just have to wait for something else to do. So I gave you |
| 424 | 01:23:56,100 --> 01:24:06,360 | all the parameters. Everything I told you what would nullify the idea. I told you what we were specifically waiting for? What the criteria was where the |
| 425 | 01:24:06,360 --> 01:24:13,830 | accumulation would take place inside the bullish breaker and inside of the initial fair value gap on Monday. That's this green area. Does it accumulate in |
| 426 | 01:24:13,830 --> 01:24:24,000 | here? Yes. Does it send price above that fair value get that I had on the five minute chart when I expected it to do it? Yes. It came in, opened, traded down |
| 427 | 01:24:24,000 --> 01:24:31,470 | into it again a little bit and then rallied then created the fair value gap I drew your attention to real time right then in there. I said that if this candle |
| 428 | 01:24:31,470 --> 01:24:40,650 | here, I would like to see it trade down and give it an immediate rebounce because this would otherwise be a fair day you got right when that forms. What |
| 429 | 01:24:40,650 --> 01:24:48,510 | are you waiting for? What time of day are you waiting for in the morning session between 10 o'clock and 11? Folks, you can set your business hours to what I'm |
| 430 | 01:24:48,510 --> 01:24:59,700 | teaching. You don't see that in other people's stuff. I mean, you're learning it now because they're learning from me. But these ideas have always been rooted in |
| 431 | 01:24:59,700 --> 01:25:07,830 | algebra. Have Mcdelivery soon as we went through electronic trading, you think they just electronically allow you to just randomly push price around? You |
| 432 | 01:25:07,860 --> 01:25:21,930 | honestly believe, listen, pay attention, you believe that they're going to allow us the collective to muscle these markets into a crashing scenario, you really |
| 433 | 01:25:21,930 --> 01:25:37,320 | think that's going to happen? No way. No way. That's a religion if you believe that I'm not religious. You're looking at control. It's always controlled. And |
| 434 | 01:25:37,320 --> 01:25:45,750 | that should not be fearful. You shouldn't be fearful of it. You shouldn't be fighting against it saying it doesn't exist exist, just accept the fact that |
| 435 | 01:25:45,750 --> 01:25:56,760 | it's there. And it's advantageous for you to identify it as such. Because once you subscribe to that view, which is the truth, it removes all the things that |
| 436 | 01:25:56,760 --> 01:26:04,590 | you wrestle with as a trader, I'm impatient. I don't know what I'm looking for. When will these trades form? What does it look like? How often is it? Is it |
| 437 | 01:26:04,800 --> 01:26:13,500 | profitable? Where can I place my stop loss? Where's my targets at? All of those answers are given to you if he does listen to me. But you're worried about when |
| 438 | 01:26:13,500 --> 01:26:22,650 | it's going to start working? on ICT, you've got so many students now it's going to start working. I guarantee it won't. I bet your million dollars, it won't. |
| 439 | 01:26:23,910 --> 01:26:29,400 | It'll still be working when I'm going. So why are you wasting time? |
| 440 | 01:26:30,690 --> 01:26:40,530 | Just one, you've seen that it works. You see students that are making money with it, not chump change money. So in between 10 o'clock |
| 441 | 01:26:46,440 --> 01:27:03,270 | and 11. We're talking about 60 minutes, folks, 60 minutes. You got a job. I know it sucks. You thankful that you have it. You're running a business, it's time |
| 442 | 01:27:03,270 --> 01:27:16,740 | consuming and distracting. I understand. They'll be thankful that you have it. You sleep. During this time ICT, I can't wake up using alarm clock. Because |
| 443 | 01:27:17,280 --> 01:27:25,950 | you're going to have to make some kind of sacrifice folks, somewhere in your life, you're going to have to give up something to the market. It's a cruel |
| 444 | 01:27:25,950 --> 01:27:39,780 | lover, and it demands all of your attention. It demands all of your energy. And if you let it take all of it from you, it'll be a vampire and suck everything |
| 445 | 01:27:39,810 --> 01:27:54,210 | out of you life time. Hope. And you'll fall in love with it more than your family like it did with me. This removes that. It's very specific time based. |
| 446 | 01:27:55,200 --> 01:28:07,980 | silver bullet. You want a one shot one kill Silver Bullet idea. Give it to me ICT Well, here it is. repeats, repeats, repeats, repeats. But how does it work? |
| 447 | 01:28:08,730 --> 01:28:17,760 | You have to understand the narrative. That's why I said all those PD arrays that I taught in core content that were being tossed around telegram and discord |
| 448 | 01:28:17,760 --> 01:28:27,240 | channels, in websites for sale, and they're still trying to sell when you can get it right for free or on my YouTube channel, clowns. And I'm not here to sing |
| 449 | 01:28:27,240 --> 01:28:36,420 | it to you live in a live stream. Just like I was dealing with paid mentors, mentorship, students walk in through, and some of them looking for signals, they |
| 450 | 01:28:36,420 --> 01:28:42,360 | would get upset and patient, say this is not what I wanted to do. You don't want to learn how to trade as you're saying, because that's exactly what you're |
| 451 | 01:28:42,360 --> 01:28:53,160 | saying. You got to learn how to see these things form before they're in the chart. What are these repeating characteristics? Let's walk through time. Okay, |
| 452 | 01:28:53,310 --> 01:29:00,960 | what is the price going to do algorithmically? Next? What's the algorithm going to do next while we were walking down here and I said, Okay, we went down to |
| 453 | 01:29:00,960 --> 01:29:11,850 | that bullish breaker one more time, it should deliver above that fair value that I told you that within two candles, it should start running. So it should go |
| 454 | 01:29:11,850 --> 01:29:19,980 | higher, and then start reaching for the buy side over here and into that 41 38.75 level and in the high the old new week opening gap. So that's me |
| 455 | 01:29:19,980 --> 01:29:26,700 | telling you what I believe that the algorithm is going to do next. So that's in this recording. You'll see it it's there. It wasn't ambiguous. It wasn't flip |
| 456 | 01:29:26,700 --> 01:29:35,880 | flop. He wasn't wishy washy. It was exactly what I said. Why should it do it? That was the other question. Because this is negative. Okay. Well, because we've |
| 457 | 01:29:35,880 --> 01:29:46,350 | already went down to the low of that dealing range from that high to that low. We did not break it. And it's the approaching what time 10 o'clock. So you |
| 458 | 01:29:46,350 --> 01:29:57,720 | forgot about time. I didn't aware constantly. I don't have to have these lines on my chart, but you should. While you're learning. You should have these |
| 459 | 01:29:57,720 --> 01:30:03,900 | reference points highlighted in time when your turn because it'll keep your eyes focused on what it is you're looking for. Now, think about it like this if |
| 460 | 01:30:03,900 --> 01:30:16,470 | you're looking at charts like this. Okay, inside of this vertical line, this side is vertical on here, we have one portion of price action that keeps your |
| 461 | 01:30:16,470 --> 01:30:26,220 | focus dialed in. You don't care so much about what it did before. You're forced to look at what is it going to do in between these two lines? Well, I told you, |
| 462 | 01:30:26,760 --> 01:30:36,960 | we're going to draw up. told you the very candles, it's going to key off, told you what time it start running. Why should it start running there, because it 10 |
| 463 | 01:30:36,960 --> 01:30:45,090 | o'clock to 11 o'clock. That macro that runs. Once there's an imbalance that's formed, I took your attention to it right there, I would rather have seen |
| 464 | 01:30:45,360 --> 01:30:53,430 | immediately this run here and then take off. That's what I wanted to see. Because that's what I'm looking for in low resistance, liquidity runs |
| 465 | 01:30:53,490 --> 01:31:01,140 | signatures, that I love that pattern. I love it, because it tells me it was going to go much higher than it has. But because it didn't insist the part we |
| 466 | 01:31:01,140 --> 01:31:11,010 | write down. What I'm saying, Folks, this is this is good. It's good stuff. Try not to say any bad words, I've been doing good since Passover, by the way, if it |
| 467 | 01:31:11,010 --> 01:31:19,110 | would have created an immediate rebalance. And let me take this off, I'll put it back on in a second. If this candle when we were talking about it live, I said I |
| 468 | 01:31:19,110 --> 01:31:30,570 | would like to see a trade down and touch that candles high, that would be an immediate rebalance. If that occurred, we would be above 4180. Because it |
| 469 | 01:31:30,570 --> 01:31:38,670 | created the fair value got nowhere to close here and kept that low here and that candles hot here that started with a ragged, then it becomes a simple Silver |
| 470 | 01:31:38,670 --> 01:31:45,930 | Bullet chain, then you got to revert back to just Okay, where were your targets. And there it is, and be done and be content with that for the morning session. |
| 471 | 01:31:46,980 --> 01:31:57,180 | I'll teach you more about immediate rebounds and how the effects of seeing those form and how supercharges price direction runs. Right now, I'm just putting it |
| 472 | 01:31:57,180 --> 01:32:06,360 | out there because that way you have a section in your notebook where you have now been introduced to it even though I talked about it in the lessons that if |
| 473 | 01:32:06,360 --> 01:32:16,470 | your Vega is the theory that that forms, once we had these highs taken out once we treated to go this way get that was the minimum threshold that has to treat |
| 474 | 01:32:16,470 --> 01:32:27,390 | above to act as what inversion fear guy got. So for the indicators that are presenting this |
| 475 | 01:32:37,979 --> 01:32:50,009 | there's a fair value gap right there. There's an order block right there. So if we trade down that, well, we got ourselves in an ICT indicator. Well, by golly, |
| 476 | 01:32:50,009 --> 01:33:00,239 | we got something everybody wants that. Nobody wants that. Nobody wants this. Okay, this is flawed logic is lacking narrative. And that's why the indicators |
| 477 | 01:33:00,269 --> 01:33:12,449 | will not be doing you a favor. I'm sorry. But you want to Luxe life, you got to do it the way ICT teaches it. Okay. It doesn't come by an indicator just plots |
| 478 | 01:33:12,449 --> 01:33:22,829 | simple stuff. Simple stuff, okay. doesn't equate to Blue Ribbon results. And if you're a coder, and you're doing this stuff, I'm not trying to be ignorant to |
| 479 | 01:33:22,829 --> 01:33:32,729 | you. I'm not trying to be disrespectful. I'm just reminding you that you're doing something and presenting something, albeit interesting. And I'm seeing how |
| 480 | 01:33:32,729 --> 01:33:43,379 | people are trying to automate the things I'm teaching. But it's not correct. It's not it's not correct. It's not complete. So there's a lot of things that |
| 481 | 01:33:43,949 --> 01:33:54,659 | why is this a fair Vega? Because the narrative was we had to go about that. Older if you're a gap, you're in trade above, which cancels out the premium idea |
| 482 | 01:33:54,689 --> 01:34:07,679 | on a short basis. Because if it can trade through that, what is it doing? It's disregarding, its disrespecting, what would otherwise be a selling area? And how |
| 483 | 01:34:07,679 --> 01:34:19,889 | many times that we trade up into that? Multiple times? So it's one and out. It's telegraphing it to you that this is not an area to go short on. So what are we |
| 484 | 01:34:19,889 --> 01:34:36,569 | looking for a run above here, and about that fair Vega, then rally between 10 o'clock and 11 o'clock. When for narrative, when does this form between 10 |
| 485 | 01:34:36,569 --> 01:34:45,839 | o'clock and nine o'clock? It can't be this as a fair value gap because it's below what we require it to be broken to the upside. So we can't we can't look |
| 486 | 01:34:45,839 --> 01:34:56,369 | at that as a fair value gap. That's that's not even a fair value gap. It's a balanced price range. We have a fair a gap here. And we have one here. This is |
| 487 | 01:34:56,609 --> 01:35:05,819 | all balanced. So There's no need for to go back down there to That's the part you don't know. And that's why you shouldn't be trying to teach my stuff. |
| 488 | 01:35:08,249 --> 01:35:16,649 | Faraday got silver bullet, the difference between if there would have been an immediate rebalance, there probably wouldn't have been a silver bullet trade for |
| 489 | 01:35:16,679 --> 01:35:25,829 | this industry. And then we wouldn't rocketing higher to 4180. But because we had a fair value got form, traditionally, then it's just Retrade down to it |
| 490 | 01:35:25,829 --> 01:35:39,959 | perfectly to this candle tonic to the tick. Here, here, and off to the races it goes. So narrative is the most important thing, not market structure. Okay, |
| 491 | 01:35:39,989 --> 01:35:49,289 | market structure, you hear your trading requires, in essence, your understanding of market structure, its market structure is everything you're looking for. No, |
| 492 | 01:35:49,289 --> 01:36:03,059 | it's not. It's one facet, one piece, one little cog in the machine. It's useful, don't get me wrong. But narrative is where it's at. Why should it rally here? |
| 493 | 01:36:04,289 --> 01:36:17,819 | But Michael, why didn't it go down here for these relative equal lows, because it doesn't need to. It was going down here to pick up discount pricing. Going |
| 494 | 01:36:17,819 --> 01:36:27,299 | down here to pick up discounting price goes above a premium array, as we would expect, we aren't looking at this as a selling opportunity, because it's already |
| 495 | 01:36:27,299 --> 01:36:36,029 | shown us what is not likely to do that. We were not falling victim to this as a short either. We didn't like it as a selling opportunity. I said, we're waiting. |
| 496 | 01:36:37,019 --> 01:36:48,689 | We're waiting for everything. I don't like this one. And then boom, that little unicorn. Here, the thing that says people say that doesn't exist, you can't time |
| 497 | 01:36:48,689 --> 01:36:58,589 | the market, you can't time the market, you will if you saying stay hanging around me, you will. You can't time the market ICT, nobody can do that. My |
| 498 | 01:36:58,589 --> 01:37:11,129 | middle name is nobody in your name is going to be nobody seemed to folks, you can do this. The logic has already been taught to you. And I'm proving it. By |
| 499 | 01:37:11,129 --> 01:37:20,129 | doing these live streams. I'm not really teaching all that more than if you've just been listening to what I've said in lectures where it's really long and |
| 500 | 01:37:20,129 --> 01:37:29,099 | drawn out. Because I've already talked about all this stuff before. With the exception of the immediate rebalance in the difference between Faraday getting |
| 501 | 01:37:29,099 --> 01:37:40,139 | out supercharged price delivery, that's kind of new, even charter members don't know that. But I don't know. I mean, was this was this helpful for you this |
| 502 | 01:37:40,139 --> 01:37:47,519 | morning. Uncertainty, it's gonna be a number of you that don't find any value in this because it's me doing it. So I could literally give you the winning lottery |
| 503 | 01:37:47,519 --> 01:37:56,639 | numbers tomorrow, and it could win. And you'd still find fault in what I'm doing. That's cool, I get it. But for the folks that are really here trying to |
| 504 | 01:37:56,639 --> 01:38:10,289 | learn, I believe this is not some biased opinion, because it's me saying it. But I believe that learning this way, is the highest form of mentoring. Because I'm |
| 505 | 01:38:10,289 --> 01:38:19,739 | not enticing you to take on risks, or try to pursue profits, but rather understand what it is that you should be dealing in anticipating in price. |
| 506 | 01:38:19,889 --> 01:38:31,019 | Because we're not reacting to price. Your job is to anticipate price, not react to it. A retail trader will say your job is to react to price. It's not to |
| 507 | 01:38:31,019 --> 01:38:42,269 | predict the future. That is nonsense. Because if you're taking any risk ever, and you're putting a position on and you're putting a stop loss, and you're |
| 508 | 01:38:42,269 --> 01:38:55,409 | putting a target for it to reach to you're trying to predict the future, you might not want to call it that because it's a guess we don't guess we do |
| 509 | 01:38:55,439 --> 01:39:07,709 | technical science. Okay, that's what we have here, technical science. You're all part of the Hogwarts now. School of Wizardry. And whether you like it or not, |
| 510 | 01:39:07,709 --> 01:39:17,999 | these things are going to continue, the level of precision is going to continue to it's not going to stop. If anything is going to get better. It's the systems |
| 511 | 01:39:17,999 --> 01:39:31,529 | that these markets run on improve with speed. And technology only does one thing speeds things up. So that means we're gonna have a whole lot more setups. |
| 512 | 01:39:32,969 --> 01:39:47,609 | There'll be more opportunities, not less. They can't hide it from you. That that's the if I could enter one question and settle everybody's mind at ease. |
| 513 | 01:39:48,059 --> 01:39:59,069 | The most requested question I get by email, direct messages on trading view which I I rarely ever, I've probably done maybe six or eight responses on |
| 514 | 01:39:59,069 --> 01:40:07,709 | trading view Don't respond. It's not because I don't like you. It's not because I put you on ignore. I just don't do it. Because I know as soon as I'd be one |
| 515 | 01:40:07,709 --> 01:40:16,139 | time, they think that's a text message, then you really can send me 1000 things. And I don't, I don't have time to do that. There's so many of you that already |
| 516 | 01:40:16,139 --> 01:40:25,109 | knew my phone number, and you're constantly texting me. It's like, it's too much. If you're encroaching on my personal life, and I'm a person. And it's not |
| 517 | 01:40:25,109 --> 01:40:32,609 | because I don't want to talk to you or help you. It's just, I don't, I don't have that. Time to do that. So when I'm talking to you like this, this is your |
| 518 | 01:40:32,609 --> 01:40:43,529 | time to listen to me. Okay? If you want to send me a message or whatever, send on Twitter, I'll see a promise. But I don't know what I was gonna say again. |
| 519 | 01:40:53,880 --> 01:41:02,760 | I don't know. I don't know how I can recall back. Because that wasn't talking about a chart on a specific timeframe. I feel like I lost that one. I don't |
| 520 | 01:41:02,760 --> 01:41:02,880 | know. |
| 521 | 01:41:08,130 --> 01:41:17,490 | I don't know what I was gonna say there. I'm sure it's probably good. If I remember it, I'll send it as a tweet. But I think that this is a highest form of |
| 522 | 01:41:17,490 --> 01:41:29,130 | learning, explaining what should take place in price action. Why it should happen? Why shouldn't it go down here and take out their stops Michael, because |
| 523 | 01:41:29,130 --> 01:41:42,150 | it went lower when we're bullish. NASDAQ was showing us that it wants to go higher. Even though initially, the market was decoupled. And the averages were |
| 524 | 01:41:42,150 --> 01:41:54,990 | not in agreement, meaning that the Dow was going lower, NASDAQ was screaming higher. And es was doing this. Since I'm forcing myself to work with one market. |
| 525 | 01:41:55,440 --> 01:42:05,490 | Just to show you that. Yes, there's gonna be I didn't see the price run for NASDAQ. I didn't call any of that out. But I utilize NASDAQ today in my |
| 526 | 01:42:05,490 --> 01:42:18,660 | analysis. I don't ever trade the Dow. But I use the Dow as a part of my analysis. I don't trade the dollar. But I utilize unusal. I utilize it a lot in |
| 527 | 01:42:18,660 --> 01:42:27,180 | my Forex analysis you have to. But even if the dollar is going sideways, that is telling you something, it's telling you to go into the crosses that don't have |
| 528 | 01:42:27,180 --> 01:42:34,050 | dollar in them, and you're going to see the bigger moves there. But when the dollar is moving, it's rare that you're going to see the non dollar based |
| 529 | 01:42:34,050 --> 01:42:43,290 | crosses move. They can, but they're going to be limited. They won't have as much freedom as they will when they hold dollar, which is the reason why they do |
| 530 | 01:42:43,290 --> 01:42:53,850 | that. That's a control mechanism. It's all part of allowing the forex pairs to move around and gyrate. So it's not always, let's go on here and look for a |
| 531 | 01:42:53,850 --> 01:43:04,320 | setup. No, let's look in here and see, are they holding anything, if they're holding something that tells you something else to do. And again, it's not |
| 532 | 01:43:04,830 --> 01:43:13,110 | taught in books were used going and find this indicator setting. And this indicator to plots this and plots that, you know, gave you indications here, |
| 533 | 01:43:13,440 --> 01:43:20,100 | that just because there looks like a Faraday got there doesn't mean it's something you should be trading, which is the reason why I teach my students to |
| 534 | 01:43:20,100 --> 01:43:29,070 | draw them by hand. It doesn't take that much time, folks. That's this pure laziness if you don't want to do that, and yes, I'm old school I prefer the the |
| 535 | 01:43:29,070 --> 01:43:38,580 | high touch versus the high tech. That's just that's just me, in my opinion is and why I think it's superior to do it manually is because you're putting |
| 536 | 01:43:38,610 --> 01:43:48,570 | thought behind why you are annotating your chart at that price point. And I'm showing you the benefits of knowing the logic I'm teaching you by having in the |
| 537 | 01:43:48,570 --> 01:43:55,290 | chart right here, you can see it, you can see it, you understand why you're putting that vertical line here because you want to frame your reference and |
| 538 | 01:43:55,290 --> 01:44:06,030 | study within that 60 minutes. 60 minutes, folks. Remember when you first sat down and came up with the idea that you want to do what the other guy did on |
| 539 | 01:44:06,030 --> 01:44:11,160 | social media or one of your buddies just did something in a demo account and you started thinking, wow, if I could do that with real money, I could probably do |
| 540 | 01:44:11,160 --> 01:44:21,240 | well in life. And you started pursue learning how to do this and trade not necessarily me but just trading in general. Contrast that initial moment when |
| 541 | 01:44:21,240 --> 01:44:32,520 | you first sat down and decide you want to venture into this what you knew about it what you believed was possible. Now, I'm telling you that you can time the |
| 542 | 01:44:32,520 --> 01:44:46,440 | market within 10 o'clock and 11 o'clock every day. Every day this forms every single day. And you were worried about when you first got into it. How do I buy? |
| 543 | 01:44:46,800 --> 01:44:57,150 | Where do I buy you know when's the next big move happening? Those are questions that you never found answers to that's why you jumped around from person to |
| 544 | 01:44:57,150 --> 01:45:11,580 | person influencer to influencer system chasing and not being consistent. I am removing any excuse for you not to be disciplined, organized, and know exactly |
| 545 | 01:45:11,580 --> 01:45:26,280 | what you're doing. There is nothing better than this. This is the elite superior Apex version of analysis, there is absolutely nothing better than this. This is |
| 546 | 01:45:26,280 --> 01:45:33,570 | the market. You look at indicators, you're looking at math being applied to something that's already happened. I don't look at volume, because it's already |
| 547 | 01:45:33,570 --> 01:45:45,240 | happened. I already tell you, where your low volume moods are going to be. Volume profile guys. I'm already I'm already predicting where that's going to |
| 548 | 01:45:45,240 --> 01:45:58,170 | be, you have to wait for your profile to plot that stuff. Your point of control, all that stuff. That's all hindsight. It's all hindsight, that has no bearing on |
| 549 | 01:45:58,170 --> 01:46:07,650 | what these markets are going to do. It might sometimes line up in in degrees, with a fluctuation in price here and there. But that's you ascribing a belief |
| 550 | 01:46:07,650 --> 01:46:21,210 | based system of perception on price, when price has no appreciation for that very thing. I promise you, it doesn't work like that. It doesn't. There's going |
| 551 | 01:46:21,210 --> 01:46:27,630 | to be people out there that can find flipping a quarter profitable. And they'll say look at this system here. Every time I flip it five times it goes heads up, |
| 552 | 01:46:27,780 --> 01:46:38,220 | it's going to be tails on next one, and I've been 87% profitable. And your fullness ICT you're talking about because of that. Okay? If you beat and torture |
| 553 | 01:46:38,220 --> 01:46:49,050 | the data long enough, it'll submit to anything you want it to. But you can't do this. And say it's manipulating data, because I'm calling the ticks. The minute |
| 554 | 01:46:49,050 --> 01:47:05,760 | candles live. I have no room for error. I have no safety net. My stuff either works, or it fails. What do you see happening? Do you see a failed logic here? |
| 555 | 01:47:05,760 --> 01:47:13,110 | Do you see flaws? Do you see a fraud con artist pulling a fast one and we're talking to you right here. Every single time I come out here, whether it be on |
| 556 | 01:47:13,110 --> 01:47:23,730 | Twitter, or here. I'm giving you all the reasons why you should just trust this process. It's not costing you any money. And I'm proven that it works. Well. |
| 557 | 01:47:24,300 --> 01:47:32,460 | Think about it. If I was selling something to you, wouldn't you demand me doing this anyway? Right? You will be demanding I do it. If you were to, you could go |
| 558 | 01:47:32,460 --> 01:47:44,520 | out here and show it works real time he'll never do live streaming, I'm doing it. Why are you still on the fence? Why are you still doubting because it's |
| 559 | 01:47:44,520 --> 01:47:54,090 | something inside of you. It's not my concepts. It's not the market. It's you. It's always going to be you. It goes on both sides of the coin. When you make |
| 560 | 01:47:54,090 --> 01:48:01,980 | your money and your success. You did it. I didn't do that for you. You did it, you push the button and get in those trades. But you have to be responsible. |
| 561 | 01:48:03,060 --> 01:48:15,600 | When you lose when you mess it up. ICT didn't push that button for you. You did. And you have to own that. The good and bad is yours. The only thing I'm |
| 562 | 01:48:15,600 --> 01:48:29,490 | presenting is the logic that these things tend to repeat. In the context of that consistency, you'll find your unique model. Just because it forms every single |
| 563 | 01:48:29,490 --> 01:48:41,610 | day you might favor Hey, Noah, what's a good way to depart? Where you write down this book by the way? What what's a good way to really filter out this ideal How |
| 564 | 01:48:41,610 --> 01:48:49,530 | can we really supercharge it and make it even better than this? Okay, let's think about like this in better market conditions, not that we have here because |
| 565 | 01:48:49,530 --> 01:48:57,300 | this is admittedly this is very challenging market condition. For me, it may not feel that way. Because I'm calling out the stuff live and walks like a dog on a |
| 566 | 01:48:57,300 --> 01:49:10,230 | leash with me. That is just because you don't know much. But me calling that I already know that it's going to probably deliver much lower grade of price |
| 567 | 01:49:10,230 --> 01:49:17,910 | delivery than I would expect in other times where we're in a much faster market more loose where the market just moves around a little bit more. Now I'm not |
| 568 | 01:49:17,940 --> 01:49:24,240 | referring to a specific trend. I'm not talking that trend at all. I'm just talking about how much it can move around. Because they're holding it back even |
| 569 | 01:49:24,240 --> 01:49:33,570 | though this is a really respectable amount of range. It's still being held back. It's being controlled within that daily range. I mean, we take it to the daily |
| 570 | 01:49:33,570 --> 01:49:34,200 | chart real quick |
| 571 | 01:49:39,300 --> 01:49:59,700 | that's not what I wanted to do the daily see this consolidation right here. Once we leave this little area up here, oh highlighters again. While we're in this |
| 572 | 01:50:01,650 --> 01:50:15,570 | until we leave this, I don't care which direction we go, I would prefer, we go up here, as I mentioned in the analysis video on YouTube, but until we leave |
| 573 | 01:50:15,570 --> 01:50:25,950 | this consolidation, we are in a scalping market. And if you try to swing trade, or long term position trade, you're probably gonna get stopped out, you're |
| 574 | 01:50:25,950 --> 01:50:33,900 | probably going to be frustrated. And that's because you don't know what you're looking at in terms of the market profile, not the market profile that you think |
| 575 | 01:50:33,960 --> 01:50:43,170 | I'm talking about, like, I'm not looking at histograms of volume posted on my chart vertically. I'm talking about the profile or think about like a roadmap |
| 576 | 01:50:44,400 --> 01:50:58,530 | you how price should behave or deliver, okay? This profile that we're in right now, is a range bound consolidation. I prefer it trade higher. That's what I |
| 577 | 01:50:58,530 --> 01:51:10,020 | want to see happen. My want, my will has no part of what the markets going to do. So while my analysis is favoring that, I'm not against going short if it |
| 578 | 01:51:10,020 --> 01:51:20,310 | presents it. But I'd like to see it leads to the upside this range here, until we leave this range, we will be in these small little choppy, intraday, range |
| 579 | 01:51:20,310 --> 01:51:32,190 | bound consolidations. And you need to be very nimble, meaning that you don't marry any trade and turn it into a long term position. Don't do that. Because it |
| 580 | 01:51:32,190 --> 01:51:40,410 | can be very frustrating to be in a nice, fat profitable trade that can Yeah, I'm not going to take any partials here, because it's going to go to my longer term |
| 581 | 01:51:40,410 --> 01:51:49,320 | weekly, or monthly chart objective. Only to see it come back and knock you out of it with a loss or scare you out of it with a smaller fraction of what you had |
| 582 | 01:51:49,320 --> 01:51:59,370 | an open unrealized profit, you collapsed it with a smaller profit, it's very, very deflating. And you're gonna have that, there's no way really avoiding it. |
| 583 | 01:51:59,370 --> 01:52:06,000 | Because in the beginning, you're gonna try all the things you shouldn't do. You're going to do it, okay. But you have to learn quickly from them. If you |
| 584 | 01:52:06,000 --> 01:52:16,260 | make that mistake not to do this again. The smarter, more apt pupil will listen to me and tell you these are the pitfalls don't go into their net setting and do |
| 585 | 01:52:16,260 --> 01:52:24,210 | those things I hurt myself with. So you wouldn't be that you wouldn't be the best student. Listen to me and avoid the things I tell you to avoid, do the |
| 586 | 01:52:24,210 --> 01:52:34,830 | things I tell you to do. And trust the process, submit the time and it will do its work on you. You will be in the upper echelon of my student base. And it's a |
| 587 | 01:52:34,830 --> 01:52:44,550 | very small group. Because most of them want to go through the same stuff I went through, like it's a badge of honor. It man blew my account and had to go |
| 588 | 01:52:44,550 --> 01:52:55,200 | through this crazy drawdown and I did all these wrong things. You said not to do this, but I did it anyway. Okay. I'm not proud of that. You shouldn't be proud |
| 589 | 01:52:55,200 --> 01:53:02,340 | of that. It's not something that you should aspire to do. And I'm telling you the things to avoid and telling you to do the certain things that will avoid |
| 590 | 01:53:02,340 --> 01:53:12,150 | doing those things by default, and doing that. So that way, you don't fall victim to that and make your learning curve much longer than it needs to be. |
| 591 | 01:53:14,190 --> 01:53:30,870 | You're going to make this longer, not me. But we answered the equation of narrative, what is it? It's knowing what the algorithm is going to do next. Why |
| 592 | 01:53:30,870 --> 01:53:39,150 | it should do it. There's no need for the good down here below these relative equal lows when we're going up against bullishness. It's failed to go lower on |
| 593 | 01:53:39,150 --> 01:53:49,470 | Ethier if everybody got that we were watching this morning. So inside all these individual candles, I'm ignoring all these candles until we get into that |
| 594 | 01:53:49,470 --> 01:54:02,880 | breaker. Because if we get in that breaker and we go below that low, we've now traded outside of the dealing range of that high in that low. And that is |
| 595 | 01:54:02,910 --> 01:54:12,870 | something I have to now measure. Do we view it as a run on stocks that rejects and goes back above here? Or does it accelerate down? If it accelerated down and |
| 596 | 01:54:12,870 --> 01:54:25,230 | treated this breaker as a inversion level? Then I would have to abandon the idea of initial bullishness and wait for more information. That's not reacting the |
| 597 | 01:54:25,230 --> 01:54:36,180 | price. It's anticipating what I want to see in price and what I would be engaging with willing to assume risk on and the other side of the coin. That is |
| 598 | 01:54:36,180 --> 01:54:44,550 | not saying here I'm right if it does this and you know, I always got an out to say I'm I'm right now I'm showing you what negates what I would rather do. And |
| 599 | 01:54:44,550 --> 01:54:54,780 | this is what it would do in price action for me not to take a trade but this is what would likely unfold if it did. In shorter, plain terms, it's knowing what |
| 600 | 01:54:54,780 --> 01:55:02,490 | you want to trade on. But also identifying if that's not going to pan out what it's like Free to do if it's not going to do that, but you're not willing to |
| 601 | 01:55:02,490 --> 01:55:10,380 | trade on that. That's not a 5050. I'm always right. That's something that I favor one side of the marketplace. Whenever I give an opinion, whenever I sit |
| 602 | 01:55:10,380 --> 01:55:18,930 | down with my students, whenever I'm doing something live in a marketplace, I always tell you what I think this is the side of the marketplace I favor even in |
| 603 | 01:55:18,930 --> 01:55:28,890 | climates and trading days where I would not trade like against FOMC against the CPI number. I was lucky yesterday, everything panned out, like I said, but |
| 604 | 01:55:28,920 --> 01:55:40,200 | that's not to be viewed as skill. Just so happens, it's delivered right then. But most of the times when CPI or not right? To how's that work for you? Okay, |
| 605 | 01:55:40,200 --> 01:55:48,660 | I'm being honest. And I'm telling you, I know where my limitations are, if I was always writing CPI, I'd be ahead of it all the time. But because I have hurt |
| 606 | 01:55:48,660 --> 01:55:59,550 | myself with real money, I don't trade it. I wait for it to form. If it does what I think it's going to do, then it gives me insight to work with the later part |
| 607 | 01:55:59,550 --> 01:56:08,010 | of the day. But that's not something that, you know, is an invitation for you, as a developing student to go in here say, well as a fast mover, look at that, I |
| 608 | 01:56:08,010 --> 01:56:18,630 | want to trade that. No, you don't. There's no forgiveness. If you're wrong, there's none. You get hurt quickly in bed, it moves so fast, your stop loss |
| 609 | 01:56:18,630 --> 01:56:31,290 | won't work. You won't, you won't have the protection that you don't appreciate it other times when the markets not as fast. CPI will tear your face off the |
| 610 | 01:56:31,290 --> 01:56:44,610 | letter it literally take your face right off. If you're on the wrong side. You're gonna wish you stayed in bed, trust me. But anyway, I promised you two |
| 611 | 01:56:44,730 --> 01:56:53,160 | last things I gave you two lashings this week. If you found this one insightful, if it was helpful to you, you know, if you'd like learn in this way, which |
| 612 | 01:56:53,160 --> 01:57:00,480 | removes all the emotion, you don't have to worry about being right about making money or not losing money. You sit down with somebody who has been doing this a |
| 613 | 01:57:00,480 --> 01:57:10,200 | long, long time, using the logic that I've taught, not creating something new, making something up as I go along. I'm using the information have already taught |
| 614 | 01:57:10,200 --> 01:57:21,000 | on that channel. It's all there. All you have to do is spend time with me, that's the missing part. The missing part is being under my wing watching it |
| 615 | 01:57:21,000 --> 01:57:29,430 | live. That way you can learn to see it, it's real. You can trust that it's really going on. It's something you can time. That's what I think it's about |
| 616 | 01:57:29,430 --> 01:57:41,310 | time earlier, the 60 minutes. You can avoid most of the things that you were worrying about when you first started learning about trading and wanting to get |
| 617 | 01:57:41,310 --> 01:57:49,500 | involved in this. Where do you trade setups? Do I trade the Asian session? Do I trade the london session? Do I trade the New York session? What do I trade? What |
| 618 | 01:57:49,500 --> 01:57:57,060 | trade the afternoon session? What do I trade the lunch hour? What do I trade once? The London close timeframe? Where would I want to trade ICT? What pair? Do |
| 619 | 01:57:57,060 --> 01:58:06,360 | I trade at that timeframe? You have 1000 questions right? All you have to do is look at that 160 minute interval right there between 10 o'clock and 11 o'clock |
| 620 | 01:58:06,390 --> 01:58:22,050 | in New York local time, your entire model, all of it can be with inside that 60 minute window. The problem is, it's not going to be enough for you. You outgrow |
| 621 | 01:58:22,050 --> 01:58:31,800 | it, or you already anticipate outgrowing it. So therefore, it's not worth your time. I gotta go get the other things, Jason, whoever else is hot on the |
| 622 | 01:58:31,800 --> 01:58:39,240 | internet or ICT is talking about this other thing? Because he's got all these things he's teaching the rest of this year. So I'll come back to this. But let |
| 623 | 01:58:39,240 --> 01:58:46,800 | me look at the other stuff he's got. Like the people that are asking me all the time, which videos should I watch, I'm new to your channel, you should watch the |
| 624 | 01:58:46,800 --> 01:58:55,290 | live streams and the 2022 mentorship, it's only 40 videos, that'll give you something right away right away. Going into your charts, you don't have to go |
| 625 | 01:58:55,290 --> 01:59:01,980 | through 1000s of videos and 1000s of hours and not knowing what to do with all the information. It's it's a lot of content, but that will make you an animal, a |
| 626 | 01:59:01,980 --> 01:59:09,690 | beast. Okay, you will be a savage. If you go through all that core content, I promise you, I promise you. |
| 627 | 01:59:11,010 --> 01:59:21,570 | But you have to go through this first. Sitting with me watching it live, explain to you why it should do what it should do. Because you want to you want to |
| 628 | 01:59:21,600 --> 01:59:30,330 | ferret out whether or not you should be underneath me as a student. Watch my live streams. Because that's the testimony right there that tells you that tells |
| 629 | 01:59:30,330 --> 01:59:39,900 | you right away. You're no uncertain terms. There's no extra other thing. There's no other monitor being recorded, did something else. Okay, it's all cherry |
| 630 | 01:59:39,900 --> 01:59:49,740 | picked the right way in front of you live. explain to you why it should behave this way life before it happens. The very moment that it's going to happen, |
| 631 | 01:59:49,830 --> 01:59:58,230 | where it should go where it should stop where it should form a setup, all those things and you don't need me pushing a button for that. A mature ready to learn |
| 632 | 01:59:58,230 --> 02:00:06,540 | student does not need to see that because you already know, this is where a fair a gap entry is. This is where your stop loss would be. You don't know what's the |
| 633 | 02:00:06,540 --> 02:00:19,620 | 2020 mentorship, it's explained to you in great detail. You see me executing with it in those videos. You don't need 1000 different examples of that. If I |
| 634 | 02:00:19,620 --> 02:00:29,940 | wrote a book with it, would you have 1000 examples shown in the book? No. But you'd be awesome. The greatest thing in the world, this book is amazing. And if |
| 635 | 02:00:29,940 --> 02:00:42,510 | not, this is the amazing thing, watching me outline what the market should do live. This is the part that mentoring is, it's not talking about what's already |
| 636 | 02:00:42,510 --> 02:00:50,970 | happened here, I, I took a trade over here. And they don't even have the execution. They don't show their trade history. They don't show them entering |
| 637 | 02:00:50,970 --> 02:01:00,780 | it. They don't show you the stock placement, they don't show you the profits being taken. I don't teach like that. I teach where the rubber meets the road, |
| 638 | 02:01:00,780 --> 02:01:08,640 | the brass tacks we are in here, showing that real time. This is the logic, this is what works. This is the marketplace, this is exactly why your charge is going |
| 639 | 02:01:08,640 --> 02:01:16,380 | to print what you're going to see later on after the fact. I'm going to tell you before it happens. And it's something that I'm teaching you to do on your own. |
| 640 | 02:01:16,530 --> 02:01:30,180 | That's power. That's mentoring. That's elite status. When you don't worry about ever needing to do anything else. You don't ever worry about buying another |
| 641 | 02:01:30,180 --> 02:01:39,090 | book, following somebody else's strategy. And I'm not trying to disparage anybody else doing something else. But I promise you once you learn what I'm |
| 642 | 02:01:39,090 --> 02:01:50,910 | teaching, you don't need that anymore. You don't fear what you're going to do in the future. You know, how you're going to train? Oh, now I know how to |
| 643 | 02:01:50,910 --> 02:02:00,810 | supercharge all this information. It just came back to me. Thank you, Jesus. How can we supercharge this idea? And if I stay here long enough, he get back to me. |
| 644 | 02:02:01,830 --> 02:02:07,830 | I won't let go until I got it. I think we've been here talking till two o'clock and still be trying to waiting for it. It's all right, wait a minute or so |
| 645 | 02:02:08,130 --> 02:02:16,440 | between 10 o'clock and nine o'clock if you want to supercharge this if you have a market condition. That's not like what we have right now. We're we're stuck in |
| 646 | 02:02:16,440 --> 02:02:30,000 | that range on the daily chart. If you trade on the days that in a weekly profile, meaning where for instance, a classic bullish weekly profile would be a |
| 647 | 02:02:30,000 --> 02:02:41,490 | Tuesday low the week in London. Okay. If you used a market environment that has a seasonal tendency for the market that you're trading and will say yes, okay. |
| 648 | 02:02:42,270 --> 02:02:50,880 | If you're on a seasonal tendency for ES to trade higher, for the next couple of weeks, you should be really trying to do most of your analysis with that |
| 649 | 02:02:50,910 --> 02:03:03,270 | expectation to try to look for Long's. And if that is the case, if you are trading on Monday, Tuesday, and if the low really hasn't materialized in a |
| 650 | 02:03:03,300 --> 02:03:13,770 | stunning fashion, by Wednesday, Wednesday's New York session like this, the tendency for you to capture a big move is they're using that weekly profile |
| 651 | 02:03:14,130 --> 02:03:24,510 | trading inside of this 11 o'clock, I'm sorry, 10 o'clock till nine o'clock time window. Those Silver Bullet trades will be phenomenal. Because what are you |
| 652 | 02:03:24,510 --> 02:03:33,510 | doing, you're participating in a larger higher timeframe price run based on a weekly expectation inside of a single tendency that is in alignment with the |
| 653 | 02:03:33,510 --> 02:03:42,300 | side of the trade you're taking, whether it be a bullish seasonal tendency, or bearish on fancy, whatever you're doing at that time. You're really placing |
| 654 | 02:03:42,330 --> 02:03:52,710 | everything going in your favor in that direction. So you can really supercharge your trades with this little window it's not like this takes you out of those |
| 655 | 02:03:52,710 --> 02:04:01,020 | types of trades or one shot one kill trade now you can participate in them with this. And in fact, you might not be able to get yourself in with how I teach the |
| 656 | 02:04:01,770 --> 02:04:10,650 | one shot one kill entries would typically be usually earlier in the morning or in London, so you couldn't be there for that or you missed it. It just you |
| 657 | 02:04:10,650 --> 02:04:19,830 | weren't paying attention. You're watching somebody else's videos and trying to learn some kind of harmonic garbage you missed the trade. Oh man if I wouldn't |
| 658 | 02:04:19,830 --> 02:04:26,700 | have done this or that if I wasn't fixing the car change the oil helped my wife with the laundry I would have caught that trade in you know it's a one shot one |
| 659 | 02:04:26,700 --> 02:04:36,990 | kill that you missed it. What do you do? Well, wait till 10 o'clock till nine o'clock and wait for your Super Bowl. Don't believe me? Go back through and look |
| 660 | 02:04:36,990 --> 02:04:48,330 | at your charts. It's there. It's always there. Always. And it will always be there in the future. It will be there folks, I promise you. I guarantee you it's |
| 661 | 02:04:48,360 --> 02:05:00,120 | going to be there. I say this because I want you to not trust that in an everyday show up expecting it's going to fail. And I'm going to be pleased to I |
| 662 | 02:05:00,960 --> 02:05:08,670 | deny you. And every time you will be converted, you're gonna see it, you're gonna see the light, you're gonna see the truth. And the bottom line is, is this |
| 663 | 02:05:08,670 --> 02:05:17,370 | stuff works perfectly. You as the operator, you're going to do it wrong, you're going to do something wrong, just like sometimes I do, I have a lot of scar |
| 664 | 02:05:17,370 --> 02:05:25,200 | tissue because I hurt myself a lot. And as a younger man, forcing my will on something, I have so many examples where I did something wrong, but made money |
| 665 | 02:05:26,790 --> 02:05:35,790 | later lost it. But I did things wrong, it made money. And I thought that there was something to it. And if I just go back in and try to tweak this and tweak |
| 666 | 02:05:35,790 --> 02:05:45,810 | that ever something to it, no, it was just me being lucky at that time. Luck is not a skill. It's just a happenstance. I just did something without any real |
| 667 | 02:05:45,810 --> 02:05:54,930 | logic behind it. And it just so happens that that's what the price wanted to do at the time. That's the equivalent of everything in retail. That's what's |
| 668 | 02:05:54,930 --> 02:06:04,200 | happening, but you won't be honest with yourself. You won't be honest, the ones that are honest, know that they have a crummy system. But their money management |
| 669 | 02:06:04,200 --> 02:06:16,410 | is the secret. And that is what I agree with. Anybody that trades outside of what I teach is profitable and consistently profitable. You are an exceptional |
| 670 | 02:06:17,700 --> 02:06:33,150 | money manager. And you deserve every bit of that accolade you deserve that. You absolutely deserve that. That is a skill most most and I'm saying 99% won't ever |
| 671 | 02:06:33,300 --> 02:06:43,800 | reach, it can be good. Seeing setups, they can see the setups, they can have the bias, right, everything right. But their funded account says they can trade with |
| 672 | 02:06:43,800 --> 02:07:03,510 | 15 contracts. And they did it wrong. But they were right in their analysis. But their risk management was too extreme. They can't manage risk. You're so drunk |
| 673 | 02:07:03,570 --> 02:07:12,390 | on the idea of making money, that you do everything wrong, where it matters. Most. Trade Management Risk Management, you have to know that and you have to |
| 674 | 02:07:12,390 --> 02:07:25,740 | know it better than you know your technicals because the technicals are the least important. Knowing how to keep your money is the first rule. And so many |
| 675 | 02:07:25,740 --> 02:07:37,560 | of you are ignoring that right now. Because you want to plunge in, I want to try to get funded, my own son is discovering that. He's caught up in this, I'm going |
| 676 | 02:07:37,560 --> 02:07:49,710 | to prove I'm going to prove, okay, I'm going to sit back and say I told you so. That listen, you can't do your own way. Your own way, when you don't know what |
| 677 | 02:07:49,710 --> 02:08:00,600 | you're doing isn't going to work. Doesn't matter how much you risk. It won't work that way. And so many of you are doing that very thing. Instead of just |
| 678 | 02:08:00,600 --> 02:08:13,170 | relaxing, and learning what it is I'm teaching, becoming comfortable. Being patient, just the problem. You aren't comfortable being patient. You are |
| 679 | 02:08:13,740 --> 02:08:25,200 | impatient. And you think that's how every trader that's profitable feels. We don't we don't care if we trade today. We enjoy it when we do. But we're not |
| 680 | 02:08:25,200 --> 02:08:36,030 | really all keyed up about needing to do it. Is that a hallmark? And you right now? Chances are it's probably not. And that's normal for a new student. It's |
| 681 | 02:08:36,030 --> 02:08:48,600 | normal for a new trader, you feel like yeah, go go, go, go, go, go go. And that go, go go only leads to just blowing accounts, becoming frustrated sooner. In in |
| 682 | 02:08:48,600 --> 02:08:57,330 | wearing yourself out where you don't want to do it at all anymore. And you don't give yourself a chance. And you have to give yourself the right learning |
| 683 | 02:08:57,840 --> 02:09:08,010 | atmosphere. And that's how I teach I teach with all of those advantages, even though it doesn't feel advantageous doesn't feel fun. Because there's no profit |
| 684 | 02:09:08,010 --> 02:09:08,850 | and loss showing. |
| 685 | 02:09:11,310 --> 02:09:24,420 | But I promise you, if you take a step back and look at what I'm showing you why it should do this. That's what every trade requires. Where's it going to go? How |
| 686 | 02:09:24,420 --> 02:09:34,320 | can you time when it's gonna start going there? And where are you wrong so that we can limit risk. So why are you arguing? Why are you wrestling with me? And |
| 687 | 02:09:34,320 --> 02:09:46,260 | giving you those answers in the best way it can be done live real time over real charts on a very, very small timeframe where I have such a thin margin for |
| 688 | 02:09:46,260 --> 02:10:03,990 | error. I gotta be right. The logic has to be right. If it doesn't shine through, you'll see it Have you seen it Are you witnessing it? I mean, I know what I'm |
| 689 | 02:10:03,990 --> 02:10:14,070 | talking about. I know what I'm showing. But are you really paying attention and seeing it? Because I've had students that literally watch me do this for years. |
| 690 | 02:10:15,840 --> 02:10:24,930 | Insist because they can't do it. They lie. And they say it's flawed logic is no better than anything else. And it doesn't work. How can it? That's an oxymoron. |
| 691 | 02:10:24,930 --> 02:10:38,220 | It's can't say that in what side of the equation is true now? Because you said both sides it's the person you're going to do it wrong. You don't do everybody |
| 692 | 02:10:38,220 --> 02:10:52,350 | does it wrong. I have a long history of doing things early, where I didn't know what I was doing. And also did things that I should have done. But I was scared |
| 693 | 02:10:52,350 --> 02:11:03,300 | the whole time I was doing it. So it makes me uncomfortable doing those things. What am I referring to trading the yen? I don't want to trade it. Because it |
| 694 | 02:11:03,300 --> 02:11:18,000 | makes me feel like I felt before when it hurt me. So keep that kryptonite effect off of my mindset. I just don't trade it. That's it. It's simple. What it just |
| 695 | 02:11:18,000 --> 02:11:25,140 | because I have a weakness as I mean, oh, my, my calf muscles are a little weak. Let me go on there and start working them out and build them up. That's not what |
| 696 | 02:11:25,140 --> 02:11:37,770 | this is. You know, in this you lose money. And you can lose more than money. You can lose your sanity, your health, your relationships. So I don't look at it as |
| 697 | 02:11:38,460 --> 02:11:47,070 | I have a weakness and trading yen so I'm going to fortify myself and start only trading in desensitize myself to that I don't, I don't look at it like that. I |
| 698 | 02:11:47,070 --> 02:11:59,010 | know where my limits are. And I know that because I'm obsessively compulsive, my brain will go back to where it hurt me. And it'll constantly be feeling like I'm |
| 699 | 02:11:59,010 --> 02:12:06,120 | going to end up in a situation again. So I don't have that feeling when I'm trading es I don't have that feeling if I'm trading anything in forex, other |
| 700 | 02:12:06,120 --> 02:12:19,590 | than the yen so there's your answer why I don't like yen. But besides it is a currency is extremely manipulated. I really, really like it. It's it's |
| 701 | 02:12:19,590 --> 02:12:31,920 | aggressively manipulated, but you can do very well with it when it wants to run. But nonetheless, I think I've Jawbone enough here we've been together for about |
| 702 | 02:12:31,920 --> 02:12:38,910 | two hours. I don't want to do more than I didn't want to go this long. But I had to wait and remember what I was wanting to say in the supercharging aspect in |
| 703 | 02:12:38,910 --> 02:12:49,290 | layman's terms and I'll close by using higher timeframe analysis. And you're expecting larger range on a short term to swing basis. In other words, a trade |
| 704 | 02:12:49,290 --> 02:13:01,980 | at last several days to a couple of weeks if you use this 10 to 11 trading in the ES market, or NASDAQ and let's take a look at the NASDAQ see if it |
| 705 | 02:13:01,980 --> 02:13:16,260 | materialized there but by incorporating a higher timeframe element to it you can have a participation in those bigger price runs instead of taking all of your |
| 706 | 02:13:16,260 --> 02:13:26,250 | trade off at five handles or whatever your target would be for that liquidity within this 60 minute window that you can take a portion off and leave like one |
| 707 | 02:13:26,250 --> 02:13:29,700 | contract one and leave it as a runner |
| 708 | 02:13:36,840 --> 02:13:49,500 | Okay, so there's your fair Vega after it leaves the consolidation here it runs up you probably ask him what is this orange level? To be honest with you I don't |
| 709 | 02:13:49,500 --> 02:13:55,170 | recall off top my head what it is so I have to go back here and go through the timeframes and see what whether this because now it's bothering me too |
| 710 | 02:14:00,810 --> 02:14:04,950 | it's gonna be a five minute chart on Tuesday |
| 711 | 02:14:22,529 --> 02:14:24,029 | three minutes are financial |
| 712 | 02:14:32,040 --> 02:14:40,770 | there's something there's like ice tea if you do this thing here on TradingView you can scroll back. I hear you talking. I just don't know what I'm doing with |
| 713 | 02:14:40,770 --> 02:14:41,460 | it areas |
| 714 | 02:14:50,220 --> 02:14:58,050 | was that imbalance ahead of time and I just left it on the chart because I wasn't watching NASDAQ so that we can see what it was has nothing really to do |
| 715 | 02:14:58,050 --> 02:14:59,430 | with anything today. |
| 716 | 02:15:04,920 --> 02:15:21,150 | There's a consolidation, we rally above it. If everybody got old high silver bullet, what's it gonna run for? Relative equal highs by side? So buying in |
| 717 | 02:15:21,150 --> 02:15:33,750 | here, getting about here 20 handles yourself. But we've already seen this one run. So would you buy that one? No, go back to six Sr, six Sr, this is the |
| 718 | 02:15:33,750 --> 02:15:38,820 | strong one. So it's done majority of its run already versus Dow. |
| 719 | 02:15:46,439 --> 02:16:00,989 | Relative equal highs? I think it was was it 33 Ed, I think it was lower timeframe, high frequency trading, would use that and on a one, I'm sorry, a |
| 720 | 02:16:00,989 --> 02:16:08,369 | five second 10 second or 15 second chart, it would buy an imbalance in here and target these stops above there. |
| 721 | 02:16:16,199 --> 02:16:24,329 | So I don't want to buy the weakest one. Because it's not always going to be Oh, the weakest one is going to be the best one to trade because it's going to have |
| 722 | 02:16:24,329 --> 02:16:36,599 | a lot more room to catch up with. It may stay weak throughout the session or the day. So the one I'm looking for is the one that was not weak, but didn't keep up |
| 723 | 02:16:36,599 --> 02:16:48,389 | with NASDAQ. And it made sense. Technically, we had a bullish breaker. And we were watching a PD raid, expect it to fail. We're anticipating price failing the |
| 724 | 02:16:48,389 --> 02:17:01,109 | same price lower on this Vega. So we want to see give way open trade down to it on this candle. It rallies very, very good. They're just overboard. Okay. So |
| 725 | 02:17:01,289 --> 02:17:09,659 | that's gonna be it, my friends, I hope this was helpful to you hopefully, hopefully, it was insightful to you that allowed you to get more understanding |
| 726 | 02:17:09,659 --> 02:17:16,619 | about what it is that we're doing, what we're waiting for. And you can clearly see that it's going to take a little bit more effort than you thought. But it's |
| 727 | 02:17:16,619 --> 02:17:24,899 | okay, you'll be fine. Just keep showing up to time with me. The things I'm talking about in Twitter, and in the reviews I'm doing and the lessons that I've |
| 728 | 02:17:24,899 --> 02:17:33,299 | put up on the YouTube channel, you will learn this, it will happen overnight. It won't be real quick, it won't be real fast and will be a five minute trainer to |
| 729 | 02:17:33,299 --> 02:17:43,439 | get you here. Okay, you have to see it being done. Not in Market Replay. Not after it's already happened. And teaching is a tutorial, you need to see it |
| 730 | 02:17:43,439 --> 02:17:53,249 | live. Explain why it should do this. Why it shouldn't. Because you can't replace that now, as experience. You watch these candles paint with me. You watched with |
| 731 | 02:17:53,249 --> 02:18:01,349 | the expectation of I'm either going to be right or I'm going to be wrong. What did it feel like? Did you feel like it was not going to pan out today that it |
| 732 | 02:18:01,349 --> 02:18:11,219 | felt like it was going to be going the other direction? How did it feel for you to see it materialize and develop like we wanted it to see that's a learning |
| 733 | 02:18:11,219 --> 02:18:20,879 | experience for you. Some of you, it's probably exhilarating to see wow, this is again, it happening again. It just keeps happening. Over time, you don't get |
| 734 | 02:18:20,909 --> 02:18:27,839 | emotionally stimulated by it. It's something that you expect, you know, when you get in your car, you're gonna put the key in it, you're gonna turn the key |
| 735 | 02:18:27,839 --> 02:18:35,609 | what's going to happen, or now, some cars like I have, I'll push button but some of you may still have a vehicle that has a key that you put in either way, when |
| 736 | 02:18:35,609 --> 02:18:42,899 | you start your car, you push the ignition or turn the key. What is your expectations that the car is gonna start up? So that's it. That's expected? Are |
| 737 | 02:18:42,899 --> 02:18:50,159 | you smiling and laughing? And who? I'm glad this thing started up the day? No, you're not. That's what you want, what you're trading. Now what's going to |
| 738 | 02:18:50,159 --> 02:18:56,129 | happen is you're going to sit down one day, you're going to sit just like you're getting into the driver's side of your car. You're going to try to start your |
| 739 | 02:18:56,129 --> 02:19:08,849 | car and it won't. What do you do? You deal with it? Battery starter mechanic if you can't do it on your own. It means what missed opportunities, costs, which is |
| 740 | 02:19:08,849 --> 02:19:21,239 | a lost a loss monetarily and frustration. Oh, guess what? That's the way trading is sometimes you're gonna get behind the wheel of your unique model. You're |
| 741 | 02:19:21,239 --> 02:19:30,959 | gonna believe you're going to get somewhere and you're gonna get in behind the wheel and it won't go. And it might come back and take you into a loss. Does |
| 742 | 02:19:30,959 --> 02:19:37,589 | that mean that your car's never going to start like you want it to in the future? No. Does that mean your trading model is never going to give you a |
| 743 | 02:19:37,589 --> 02:19:46,619 | trading setup that pans out? No. But when you're new and you don't have the desensitization that you put yourself through by watching price without pushing |
| 744 | 02:19:46,619 --> 02:19:58,559 | a button. You're bored. You know these things are going to happen more times than not, not 100% but more times than not. Then you don't worry about the times |
| 745 | 02:19:58,559 --> 02:20:06,149 | it won't work for you or it You're going to do it incorrectly. And you want to learn how to do this incorrectly and make the mistakes in the beginning. So that |
| 746 | 02:20:06,149 --> 02:20:15,269 | way you learn from them without any monetary loss. It's normal for you to do it wrong here and give yourself that permission. There's no scorecard, there's no |
| 747 | 02:20:15,269 --> 02:20:26,939 | report card. Nothing. It's all learning, taking an experience that you can't get from a book, and you can't get it from a market replay. Think about it. If I |
| 748 | 02:20:26,939 --> 02:20:39,779 | showed you this stuff in the market replay like like not not like replay. But I did a review last night on ES. And immediately I could have if I wanted to be |
| 749 | 02:20:39,779 --> 02:20:47,759 | what everybody thinks I am. I could have been beating my chest and saying see how smart I was. And right I was about the CPI expectation ahead before CPI |
| 750 | 02:20:47,759 --> 02:20:56,669 | number on Twitter. And it delivered like I would rather have seen, but because I know what CPI and I already taught and teach my students not to look at that |
| 751 | 02:20:56,669 --> 02:21:05,939 | report as something that's tradable before it releases. I just commented Okay, there it was, and reminded you all that, I don't usually get it right. So that's |
| 752 | 02:21:05,939 --> 02:21:15,359 | the reason why I don't trade it. But if I hadn't talked about it on Twitter, and I just said, Yeah, I thought I was gonna do this. It's it falls on deaf ears. |
| 753 | 02:21:16,889 --> 02:21:29,159 | And some of the lessons that I have, needs to be in the presence of real time data. That's the only way you can learn it. It needs to be seen. So like if I |
| 754 | 02:21:29,159 --> 02:21:39,179 | said today, in a review video, next, I sat down tonight on YouTube. And I said, Okay, look at this fair value gap here on the five minute chart, you know, and I |
| 755 | 02:21:39,179 --> 02:21:47,549 | thought that it was going to go through this. And it's going to be a point of inversion, where if it went above that, it would start aiming for this. And of |
| 756 | 02:21:47,549 --> 02:21:54,299 | course, it looks like it's cherry picked at hindsight and everything makes perfect sense, because it's already happened. That's not what you experienced |
| 757 | 02:21:54,299 --> 02:22:01,529 | today. And it's not what you experienced when we have live sessions together. And it's not what you experienced on them. Talking about things on Twitter, I'm |
| 758 | 02:22:01,529 --> 02:22:11,549 | taking you right to where it's going to happen, where it's going to go to and where to focus. And over time, what happens is you get real comfortable with a |
| 759 | 02:22:11,549 --> 02:22:23,279 | specific thing that I talked about, that will repeat enough times for you to trust going into that testing, looking for in old data, old moves, seeing how |
| 760 | 02:22:23,279 --> 02:22:36,869 | often formed, and then that becomes the initial profile that you start studying under, which eventually becomes a major contributing part to your model, which |
| 761 | 02:22:36,869 --> 02:22:49,469 | will be refined over time. And you'll find consistency with that model is not 100%, not 100% accurate, never taking losses doesn't exist. But you'll get real |
| 762 | 02:22:49,469 --> 02:22:59,249 | comfortable with the times that it does lose. It's not enough to scare you away from using it. And you won't risk so much when you do trade. That even if you |
| 763 | 02:22:59,249 --> 02:23:08,099 | did do it wrong. It's not taking you out of the game. It's just like a flat tire. I started that one up in your car sucks. I gotta go buy that and got to |
| 764 | 02:23:08,639 --> 02:23:18,509 | find a way to get there because I only have one car, whatever. It's a nuisance. That's what losing is in trading, if it's done with an impeccably controlled |
| 765 | 02:23:19,229 --> 02:23:28,739 | approach to risk management. But if you're out here, you playing giant quest in everything's an adventure and you want to do maximum leverage. That is getting |
| 766 | 02:23:28,739 --> 02:23:37,259 | myself mad at myself, not new. Probably the younger cats probably know about Jonny Quest from the revamp, but I'm talking about them, the one from the 60s |
| 767 | 02:23:37,259 --> 02:23:49,829 | and 70s. But the the idea of over leveraging, you don't realize the effects of doing that to yourself. When you don't have to trade you make yourself afraid to |
| 768 | 02:23:49,829 --> 02:24:01,289 | take a trade then you might be amazing and a demo and you might be amazing and paper trades. Why? Because you're managing risk. Oh, what did you just say |
| 769 | 02:24:01,319 --> 02:24:13,709 | exactly what I just said. That's what you've never understood. People that do exceptionally well. In paper trading and demo and fail in live trading. You know |
| 770 | 02:24:13,709 --> 02:24:26,669 | what the problem is? You're risking too much. But I see T I'm trying to do three contracts because they said I can do 15 So I think three is fair wrong. No, you |
| 771 | 02:24:26,669 --> 02:24:38,909 | should be trading on micro but I can't get we're not getting rich. By being consistent and making bread making ends meet. You can get rich later on. Right |
| 772 | 02:24:38,909 --> 02:24:53,159 | now. You gotta get money ain't gonna come in wheelbarrows in the beginning. Small knots here and there. See what the demo and paper trading I know we're |
| 773 | 02:24:53,159 --> 02:25:05,669 | just the closest I missed y'all so I gotta talk to you. If you miss me Give me a thumbs up, you're listening. So when you're trading a demo on paper, the reason |
| 774 | 02:25:05,669 --> 02:25:18,359 | why you're doing so well, is because you're managing risk. You're not able to assume a loss that would hurt you, which is the right way of using a demo. But |
| 775 | 02:25:18,359 --> 02:25:28,409 | you should not be doing 100 contracts to show you can show a $25,000 or 50,000. r, when that's nonsense, you're not going to trade that way, you won't have that |
| 776 | 02:25:28,409 --> 02:25:40,469 | money, even when funded account, you're not gonna trade that many contracts. So what should you do? Trade with the smallest size, even in demo, one micro |
| 777 | 02:25:41,459 --> 02:25:51,329 | condition yourself to trade like that. But you won't want to do that. Because it doesn't feel like it's fun. It doesn't give you that video game feeling. And |
| 778 | 02:25:51,329 --> 02:25:59,579 | this is not a video game. You're conditioning yourself to expect something in terms of a video game. And then we get there and you start trading with real |
| 779 | 02:25:59,579 --> 02:26:11,819 | money. It doesn't feel like a video game then does it? It feels like it's life or death. You can't breathe your heartbeat and heavy. If you're dizzy. Sounds |
| 780 | 02:26:11,819 --> 02:26:16,409 | like a video game. Do you know that sounds like you're in an emergency. |
| 781 | 02:26:18,240 --> 02:26:28,830 | You're in a fight for your very life that you put yourself into you put yourself in that situation you can take yourself out at any time, but you're doing it. So |
| 782 | 02:26:28,830 --> 02:26:42,780 | by trading with the smallest leverage, you can trade with the micro only after you've done trading paper trading and demonstrating for six months. There is no |
| 783 | 02:26:42,780 --> 02:26:54,270 | way you won't be successful. But I can't you're not going to be successful in but what if you're not going to be successful? If you don't at least, consider |
| 784 | 02:26:54,270 --> 02:27:07,080 | doing it without real money consistently for six months. Why six months ICT nofas. You can get lucky for three you can develop bad habits in the first three |
| 785 | 02:27:07,650 --> 02:27:15,720 | that will materialize in the next three. And you'll prove to you're not ready. And you have to listen to yourself when you see the evidence that you're not |
| 786 | 02:27:15,720 --> 02:27:26,220 | ready. Or you know you're not ready Michael when you are antsy and excited about taking the next trade and you just can't do anything else but this that you know |
| 787 | 02:27:26,220 --> 02:27:31,710 | you're all hopped up on goofballs. You're in here playing around your demo account, your paper trading account, and you want to see these numbers flashing |
| 788 | 02:27:31,770 --> 02:27:40,860 | and you can't spend it. You're not ready for real money. I promise you, you're not ready for real money. You're not even ready to try to get a challenge passed |
| 789 | 02:27:40,860 --> 02:27:51,750 | with the funded account. You're not ready. You need to be bored. Yeah, it's gonna do this unexpected, it's gonna do that, boom, there it is. And you're able |
| 790 | 02:27:51,750 --> 02:28:04,590 | to do that consistently 70% of the time, consistently able to do that in paper and demo, then, then, then it's a time to start considering maybe, and you'll |
| 791 | 02:28:04,590 --> 02:28:12,180 | have to decide that if it's right for you or not to try to go for a funded account or trade with my funds. That's a decision all of my students make on |
| 792 | 02:28:12,180 --> 02:28:22,290 | their own and I never tell them. Now you're ready. You're not. You're not ready, here you go. But that's why paper trading demonstrating is so good in your |
| 793 | 02:28:22,290 --> 02:28:34,590 | hands. Because you're trading with risk managed impeccably, you can't lose. So therefore you're doing what you're dialing in on the analysis. And that's the |
| 794 | 02:28:34,590 --> 02:28:42,930 | problem. When you start trading with real money. You start worrying about what happens if they ask me what my trading results are today. What happens if the |
| 795 | 02:28:42,930 --> 02:28:50,970 | broker is watching me? What happens if I blew my account? What happens if I blow my funded account? What happens if I fail my challenge? What happens if my dad |
| 796 | 02:28:50,970 --> 02:29:08,880 | sees that I had to pay for another account? Hello? Yes. All of these things are within your control. But you paint the scenarios like it's something outside of |
| 797 | 02:29:08,880 --> 02:29:21,270 | yourself. That's putting it on you. You're rushing the process, you need not rush it. And I promise if you treat this like a business, believe me. Businesses |
| 798 | 02:29:21,270 --> 02:29:29,220 | do not do that. They don't run like a Chucky Cheese, okay? They run a establishment for kids to go in there and be a kid. But you don't want to run |
| 799 | 02:29:29,220 --> 02:29:39,720 | your trading business like a Chucky Cheese. Okay, where every trade has a chance to be a kid. No. You don't want that. If you'd let your child run out there in |
| 800 | 02:29:39,720 --> 02:29:47,550 | the yard with no parameters like no fence and you're near Street. Are you going to feel safe about your child being out there? Where's your stop loss? The |
| 801 | 02:29:47,550 --> 02:29:57,660 | fence. Okay, if you're smart within arm's reach, and offense with a walk that doesn't open except for nude being able to open it that that's you controlling |
| 802 | 02:29:57,660 --> 02:30:06,270 | risk. But most of you only do out there trading in trying to do these funded accounts trying to pass it in three days, five days, you can do a minimum of |
| 803 | 02:30:06,270 --> 02:30:15,180 | five days and you don't have to pass it. And you think that's, that's what you have to do? Who said that, that's why these companies are getting rich off for |
| 804 | 02:30:15,180 --> 02:30:25,710 | you. Because they know that the parameters they placed on that funded account challenge is so above the average new trader, that they're going to constantly |
| 805 | 02:30:25,710 --> 02:30:42,540 | get those restarting fees. And that's what they're banking on. Slow down, slow down. Learn how to do this. And you'll walk through it with no problem. If you |
| 806 | 02:30:42,540 --> 02:30:51,600 | rush, I promise you, I promise you, you will regret it, you won't be where you want to be. You'll spend more time and money doing something that wasn't |
| 807 | 02:30:51,600 --> 02:31:01,920 | fruitful. Versus this, listen to the old man tell you, this is the way it's supposed to be boring. Condition yourself for months, where you can do this |
| 808 | 02:31:01,920 --> 02:31:18,240 | without being enticed to trade with bigger leverage. More contracts, more trades. This is the way you do it. Professionally minded traders that are |
| 809 | 02:31:18,240 --> 02:31:29,370 | consistently profitable. They're not gambling. They're looking for something that is measurable statistically. And historically, they can see it repeats a |
| 810 | 02:31:29,370 --> 02:31:42,660 | lot. And that's their model. Are you doing that right now? Are you in Chucky Cheese, trying to take another ride alongs, you got tokens in your pocket, you |
| 811 | 02:31:42,660 --> 02:31:55,770 | got money in your account, you haven't hit your max loss yet, for today, you got tokens to play. You won't be around long. And all I'm trying to do is give |
| 812 | 02:31:55,770 --> 02:32:05,160 | yourself the chance that you're not willing to give yourself right now. And the logic that you have to hang on to, to get to that point. And once you get here, |
| 813 | 02:32:05,250 --> 02:32:17,580 | and once you know what it is you're supposed to be doing and what not to do. It's like riding a bike. You don't forget. And it's a skill set for life. And |
| 814 | 02:32:17,580 --> 02:32:28,890 | it's transferable, you can teach your kids, your friends, like it feels good to be able to take this information and transfer into your hands. I love it. I know |
| 815 | 02:32:28,890 --> 02:32:41,070 | in the right hands, it's going to change a lot of family trees, it's going to save a lot of marriages. And it's going to provide a greater appreciation for |
| 816 | 02:32:41,070 --> 02:32:51,540 | life for some of you that never really thought you're going to be much except for whatever your job says you were. And I know what that felt like for me. |
| 817 | 02:32:52,710 --> 02:33:04,290 | They're never going to look at you like they should. So always be working towards divorcing them as your employer. They have a ceiling on how much you're |
| 818 | 02:33:04,290 --> 02:33:14,550 | going to make. And when you can, vacation and spend time with your family. Make a plan, submitted the things I'm teaching you so that way you can fire them. |
| 819 | 02:33:16,260 --> 02:33:22,500 | That's okay, you're not going to hurt them. They'll find somebody else. There's another Carl, right and waiting in the wings to take your spot when you're gone. |
| 820 | 02:33:23,580 --> 02:33:37,140 | But when you leave, you can do so confidently. Because you didn't do some demo stuff that you have no real trust in. You just got lucky over leveraging. You |
| 821 | 02:33:37,140 --> 02:33:49,140 | don't want that you want to have consistency, doing the smallest and still being able to prove that you can find profitability. And then over time, then you can |
| 822 | 02:33:49,140 --> 02:33:58,140 | slowly amp up that leverage. But it has to be controlled and measured. You'd have to simply go out there. And just well you know, it's all in. It's not Texas |
| 823 | 02:33:58,140 --> 02:34:14,760 | Hold'em. So I've said what I want to say today, I shared what I wanted to share today. And I think that's going to be it. So I won't be live streaming the rest |
| 824 | 02:34:14,760 --> 02:34:24,060 | of this week. I don't know when I'll do the next one. So I'll let you know on Twitter when I'll do the next one next week. So until I talk to you again by way |
| 825 | 02:34:24,060 --> 02:34:32,460 | of Twitter for those that follow me on Twitter. Enjoy your day be safe. And for those that only watch my YouTube videos. Enjoy weekend. I'll talk to you next |
| 826 | 02:34:32,460 --> 02:34:32,730 | week. |