ICT YT - 2023-06-06 - Market Review and Price Action Lecture Tuesday June 06 2023
Last modified by Drunk Monkey on 2023-06-09 08:35
Outline
01:10 - Good morning everyone.
- Good morning, folks, and welcome to the show.
- Five by five chart request.
01:53 - How to listen to the lecture.
- First time watching a live stream from me.
- Mentorship 2023 playlist.
- Importance of passion in education.
- The 2022 playlist for new investors.
- The 2022 model and how it can be used.
- How to use shorter timeframe charts.
09:08 - Trading your money like a millionaire.
- Trading in the first year is not recommended.
- Retail-minded traders are killing it.
12:05 - What is your multiplier in price action?
- The first year and a half of trading.
- The pdr-4 matrix.
- The importance of staying away from the charts.
- How to manage emotions in trading.
18:45 - Understanding the dollar index on a weekly chart.
- Dollar index, dollar index, inversion gap.
- US debt ceiling and us debt ceiling.
- The dollar is still considered a risk-on, risk-off scenario.
- The current weekly candlestick.
22:41 - Trading the lower timeframe daily chart.
- Lower timeframe daily chart is more impactful.
- Putting in the work. 90% of success.
- The two key levels to use for a candlestick.
- The bearish order block.
- Weekly and daily order blocks and candlestick bodies.
- Weekly inversion gap.
30:14 - How to trade a supply and demand zone.
- How to trade a supply and demand zone.
- The first lesson is to be profitable.
- Weekly, weekly, daily and mean threshold charts.
- Weekly and daily charts are not enough.
33:23 - When fair value gaps should not be filled.
- Breakaway gaps and when fair value gaps should not fill.
- Daily chart of dollar index.
- The gap between the two key levels.
- Back and forth, back and forth.
38:46 - Understanding the fair value gap in the market.
- Fair value gap at equilibrium or below is a discount.
- Daily chart analysis.
- The formation of the weekly fair value on a daily chart.
- Markets are controlled period.
42:27 - Why did I pick this week’s price?
- Fib at 50 is halfway or equilibrium relative to this high.
- How to discard a fair value gap.
- Initial draw-on liquidity and shift in market structure.
- First level of interest is premium.
- The weekly point of interest.
- The weekly bearish order block mean threshold.
49:44 - Grading a price swing levels.
- Grading a swing and grading a market structure.
- Weekly chart of the market.
52:39 - Where do you think price is going to go?
- Dealing range is always in the past, high to low.
- Weekly candlestick trading.
- No longer feeling superior to the market.
- The bond market is consolidating.
- How the dollar is likely to perform during this consolidation.
- How the bond market works.
01:00:17 - Can you do something off the one minute charts?
- Using lower timeframe charts for trading ideas.
- The one-minute chart.
- Bond price action on the June contract.
- Bond market profile.
- The dollar index is trading inside of its fair value gap.
- Focus on the sphere of vega.
01:06:54 - Geopolitical uncertainty and volatility.
- Why the market is rigged.
- The 90% chance of new traders losing money in the first 90 days.
- Why trading forex is a gentleman's market.
- Why he left futures in the 90s.
01:11:08 - Bias should be for your analysis bullish.
- Expectations need to be calibrated to the market profile.
- Daily chart and dollar index.
- Bias in euro, pound, dollar, yen and swiss.
- Daily charts and market profiling.
- Market consolidation and shift in market structure.
- Implied dealing range, implied dealing range.
- Before the candlesticks even form before they even form.
- How to buy and sell dollar.
01:19:55 - What is the fair value gap?
- Breaking away from the consolidation and shift in market structure.
- Inversion of the bond market.
- An overbought/oversold indicator and a moving average.
- The 50% level of fair value.
01:23:28 - The immediate rebalancing of the euro.
- Immediate rebalance one day, then immediate rebalancing the next day.
- Inversion gap.
- The importance of hindsight in trading.
- Breaking down the daily chart.
01:27:54 - How can we anticipate a dollar sell off?
- Expectation of euro dollar sell-off.
- Retail traders see this as a bull flag.
01:31:16 - How smart money sees price and engages it.
- Liquidity above old highs and lows.
- Understanding where markets will reach for liquidity.
- Fibonacci for premium and discount range.
- First premium array using month force lessons on pdr.
- Looking for liquidity and liquidity on a chart.
- Intermediate term runs regardless of time frame.
01:38:34 - How many Pd arrays do you need?
- A perfect example of fair value gap trading.
- A short-term discount to a premium.
- Avoid picking tops and bottoms on higher timeframe charts.
- Fake bull flags in the market.
01:42:05 - Selling short at buy stops and liquidity.
- Two things being accomplished here, vega premium and buy-side liquidity.
- February gap and daily close.
- Hold down control and make the line straight.
- Trading view tip for traders.
01:48:02 - The difference between cable and cable.
- Mentorship is free, no payment required.
- Prefer euro over cable over euro.
- Trading euro vs dollar in a London session.
- Weekly chart for e-mini s and p.
01:51:19 - Focus on index futures and bonds.
- The bond market moving lower sets the tone for a market movement.
- Bond market consolidation.
- Trading with real money in the first year.
- Looking at the weekly chart.
- No trading, no delivery, no stops, no entries.
- Market profiling, understanding the behavior of the market.
01:58:00 - The stock market should not be where it's at.
- E mini s and p nasdaq dow could accelerate lower in shorts.
- The stock market is being manipulated.
02:00:42 - How to trade a slower market in sympathy.
- Nasdaq is the stronger one to the upside.
- How to find when Nasdaq is an outperformer.
- The benefit of knowing what it did.
- There are real risks in trading.
02:05:51 - The gap between the low and high.
- Fibonacci draw imbalance and gradient levels.
- Lower timeframes and pdas.
- Being a victim to uncertainty.
- Being respectful to those who don't like him.
- Lower timeframe discussion on EZ
- Breaking down to four hour and four hour.
02:12:20 - Looking at the fair value gap.
- The dollar index fair value gap.
- The midpoint of the gap in the chart.
- Inversion fair value gap.
- How to know when fair value gaps should close in.
02:15:44 - Inversion of the fair value gap.
- Inversion of fair value gap.
- Signature of a body closing at the high
- Immediate rebounds, immediate rebounds and immediate rebounding.
- Dakota is a mythological creature at Dakota.
- What gap risk is, and why it matters.
- The effect of watching videos multiple times.
02:22:36 - They’ve never learned that.
- This is all fresh from ict and not in your books.
- Today, tuesday monday.
02:24:17 - Horseshoes in the post.
- Trading like a horseshoe in the US.
- Success is long-term profitability.
- Going slow in the beginning is important, but keeping the proper perspective.
- Thursday, friday post-nonfarm payroll.
02:29:37 - When to anticipate a fair value gap.
- Looking for premium/fair value gaps to sell short term.
- How to anticipate a fair value gap.
02:31:59 - The silver bullet is always there every day.
- Market structure shifts and draws on liquidity.
- The silver bullet, every short-term discount.
- The inefficiency of the average trader.
- The rage right now is funded accounts.
- If you don't love the markets, don't trade.
- The one group of traders making money.
02:40:31 - Who’s next?
- Minimum expectation and threshold for a funded account challenge.
- Consistency in a demo.
- You are an actionhound, not a trader.
- Don't sell yourself short.
02:44:43 - Inversion inversion fair value.
- Inversion, fair value trading and short-term discount trading.
- Weekly gap analysis.
- Stick to the narrative and grow comfortable.
- How to use the information in trading.
02:48:33 - Trading on nonfarm payroll Fridays.
- Trading on non-farm payroll Fridays.
- Trading during the hour of non- Farm payroll.
- The four outcomes to look for on a daily chart.
- Howbella became a trader.
02:52:19 - What constitutes a high frequency trading algorithm?
- Having one trading opportunity a day.
- Using the logic to trade one day.
- Is 1/10 of this enough for you.
- How to communicate a realistic objective for students.
02:58:00 - It’s just a record of this is what it came from.
- A record of what it is and how it came from.
- A million dollar bounty.
- Hiding in plain sight. 99.9% of people have no idea.
- The 50 year old kicking in.
03:01:39 - What’s really going on in price?
- The problem with being a conceited prick.
- The origin of baby pips trading.
- Closing the chapter on inner circle trader in November.
- Mentorship request, credit.
03:08:00 - How are you impacting other people's lives?
- Impacting others, not just himself.
- The emotional category for fatherhood and husbandry.
- Don't give up, keep working towards profitability.
- The importance of being independent-minded.
- Keep showing up and fall in love with trading.
- Find some consistency with your trading.
Transcription
| 1 | 00:01:10,050 --> 00:01:21,060 | ICT: Well, good morning, folks. Longtime news, see, how's everybody doing? I'm checking Twitter, I prompted those who follow me on Twitter, give me a five by |
| 2 | 00:01:21,060 --> 00:01:25,920 | five chart and my audio is good and the volumes good for you let me know |
| 3 | 00:01:31,440 --> 00:01:39,480 | as soon as I get a five by five, from any of you out there, I'm good to go |
| 4 | 00:01:51,000 --> 00:02:04,740 | thank you, folks, thank you, thank you. Alright, so I may require, the gonna be careful, it looks like the volume is a little too loud goes in there to read so |
| 5 | 00:02:04,740 --> 00:02:18,780 | hard to talk like I normally do. So it should be fine. Anyway, we have a few things that we're gonna cover this morning. And if it is your first time here, |
| 6 | 00:02:19,740 --> 00:02:30,690 | watching a live stream from me. Usually, when I do a live stream, I'll go in, I'll look at live price action. And depending on how I deliver how long I go |
| 7 | 00:02:30,690 --> 00:02:40,920 | this morning, I don't think I have a whole lot of time. For the for the teaching part of it in the review. It'll just depend on you what we do at the opening. |
| 8 | 00:02:41,460 --> 00:02:54,060 | And we'll see if we can look at some live price action, no promises. But we'll see what we say. It's important for you to keep up with the ICT mentorship, 2023 |
| 9 | 00:02:54,060 --> 00:03:04,350 | playlist. So anything that I've put up, whether it be a live stream like this, or another lecture, I add it to the 2023 mentorship playlist on my YouTube |
| 10 | 00:03:04,350 --> 00:03:13,020 | channel. If you're new, okay, and get this out of the way here, some sort of housekeeping. If you're brand new to my channel, and you want to know where to |
| 11 | 00:03:13,020 --> 00:03:25,860 | go in and start. My advice is to go into the 2022 2022 is the mentorship playlist, it's 41 videos of the first video, you really don't really need to |
| 12 | 00:03:25,860 --> 00:03:34,830 | watch that one. But for completeness sake, needless to say you watched it, the first one kind of like sets the tone for what you're trying to, or should be |
| 13 | 00:03:34,830 --> 00:03:43,380 | expecting. If you have never seen anything from my content, if you really don't know how to read price action. And you really just want to get down to the brass |
| 14 | 00:03:43,380 --> 00:03:53,100 | tacks because I am long winded, because I want to give you value. And if I'm going to teach something, I want to get the highest form of understanding |
| 15 | 00:03:53,130 --> 00:04:02,040 | communicated to those individuals that want to learn if you're short attention span, or if you are not really interested in knowing everything about why you |
| 16 | 00:04:02,040 --> 00:04:11,970 | would be incurring risk or taking on risk. If anything less than that, then you're really setting yourself up for failure. So if a teacher or an educator is |
| 17 | 00:04:11,970 --> 00:04:21,150 | making themselves available, it's important that their passion is behind that education because your results are a direct reflection on my ability to |
| 18 | 00:04:21,150 --> 00:04:30,750 | communicate the logic. And I want to convey as much detail as possible. Instead of just saying, This is what a bicycle looks like, this is what a cell system |
| 19 | 00:04:30,780 --> 00:04:38,280 | looks like. And then give you a static screenshot of this is what it looks like all the time. It doesn't look like that all the time. It's not It's like subtle |
| 20 | 00:04:38,280 --> 00:04:48,990 | little variances in the way price action is delivered. And it's important for you, especially for someone that's new, okay, or if you only refer to price |
| 21 | 00:04:48,990 --> 00:05:02,460 | action through a retail perspective. And when I say that, when I say we don't trade retail, or we don't follow read Tell logic, we're not looking at the |
| 22 | 00:05:02,460 --> 00:05:14,880 | things that permeates this industry which is collective in all the books courses and regurgitate it. So that's what makes my content sometimes a little |
| 23 | 00:05:14,880 --> 00:05:24,180 | overwhelming or overcomplicated because you're trying to form fit the things that you think you know, into what it is I'm teaching. And my challenge has |
| 24 | 00:05:24,180 --> 00:05:34,650 | always been, don't believe what I said, or say about it. Go into your charts and see if what it is I'm saying is there or not? I'm confident if you do the due |
| 25 | 00:05:34,650 --> 00:05:45,030 | diligence to do that, you will find it. Okay, so if you're new, and you want to, like a study program, I tweeted this the other day on my Twitter account. But |
| 26 | 00:05:45,030 --> 00:05:59,190 | the best shortest cut way to the point, pardon me, is the 2022 playlist. That is the model that I designed for my daughter. My heart went into it. I wanted to |
| 27 | 00:05:59,190 --> 00:06:08,160 | make it streamlined. I wanted to present something that was time based so that way, it removes a lot of the when does it form? When would I look for a setup? |
| 28 | 00:06:08,220 --> 00:06:18,060 | And I don't know what session to trade? I don't know you should I trade London? Should I trade New York, that pattern of looking for that run on liquidity, a |
| 29 | 00:06:18,060 --> 00:06:27,360 | shift in market structure, and then going into the fair value gap that can be traded in forex, it can be traded in futures contracts, index futures, currency |
| 30 | 00:06:27,360 --> 00:06:37,740 | futures, I have students, I don't trade crypto, but I have students that swear by their results. Being in crypto, I don't trade synthetic things. Okay, so I |
| 31 | 00:06:37,740 --> 00:06:47,070 | now get a lot of questions from the folks in Africa. I don't trade the volatility index, okay. So I don't do anything crypto. But that model is |
| 32 | 00:06:47,070 --> 00:06:56,040 | something that you can go right into the marketplace and start studying and seeing it and watching other students when they share their examples and or |
| 33 | 00:06:56,040 --> 00:07:06,840 | results with me on Twitter. Many times you're seeing that very model form. And that model is, in my opinion, and I may be incorrect in this. But I'm assuming a |
| 34 | 00:07:06,840 --> 00:07:15,660 | great deal here and give me the liberty to do this. Because I'm going by what I'm seeing and feedback. A lot of the funded companies are coming forward and |
| 35 | 00:07:15,870 --> 00:07:27,390 | basically stating that majority of their profitable payouts are coming from my student base. So that's a testimony in itself. What are they using what was the |
| 36 | 00:07:27,420 --> 00:07:34,710 | thing that bridged that gap between not really knowing what they're doing and going in and finding money finding profitability, finding consistency, I believe |
| 37 | 00:07:34,710 --> 00:07:43,590 | in the ones I've interviewed, and once it's reached out to me, it's the 2022 model. And I have charter members who have paid me to learn one on one, not in |
| 38 | 00:07:43,590 --> 00:07:50,250 | the sense of they're sitting right next to me, but this is what I did with them every day, I would sit down, I'd go through the charts. And I explained to them |
| 39 | 00:07:50,250 --> 00:07:59,850 | what they would expect to see in the price action. And I'm in the high 90% of accuracy. And it's been like that for years in witness of 1000s of people. Now |
| 40 | 00:07:59,880 --> 00:08:10,320 | there's hundreds of 1000s of people that are publicly watching this stuff happen. And that model can be used on intraday charts, it can be used on higher |
| 41 | 00:08:10,320 --> 00:08:18,870 | timeframe charts, and I've been beat up lately with a lot of requests for coming off of the lower intraday charts. A lot of you don't want to trade or can't |
| 42 | 00:08:18,870 --> 00:08:29,580 | trade those one to five minute charts. I understand that. But I also include and as I'm including it right here, that same approach to using those shorter |
| 43 | 00:08:29,580 --> 00:08:39,810 | timeframe charts. The only reason why I'm doing that is because it affords me lots of examples that we can see there's, there's consistency. And using the |
| 44 | 00:08:39,810 --> 00:08:49,410 | logic, you can find continuity in your analysis. And therefore results could be expected to pretty much be you know, routine or business like, you know, if you |
| 45 | 00:08:49,410 --> 00:08:54,660 | go to your job, you're not changing what you're doing every single day, you're doing the same monotonous tasks all the time. And as a trader, that's what |
| 46 | 00:08:54,660 --> 00:09:07,500 | you're trying to do. You want it to be boring and monotonous. And the best way I can communicate it was that 2022 model. I couldn't make another model simpler |
| 47 | 00:09:07,560 --> 00:09:16,710 | than that. And it's working. It's working in the hands of other people. And even for people that just started following me last year, they got funded, and |
| 48 | 00:09:16,710 --> 00:09:24,810 | they're getting payouts, and they're doing well. Some of them are trading their actual life money, in my personal opinion. And this is my personal opinion, this |
| 49 | 00:09:24,810 --> 00:09:33,510 | is not to discourage any of you. I don't think you should be trading in your first year. There's a lot of things you can learn about yourself. And there's a |
| 50 | 00:09:33,510 --> 00:09:41,790 | lot of things about price action that you have to learn as well. But that can't be appreciated. If you just go and watch a couple videos in this, let me see if |
| 51 | 00:09:41,790 --> 00:09:53,610 | it works with my account and then risk real money or risk. Not being successful with a combine or a challenge from a funded prop firm or whatever. So just go |
| 52 | 00:09:53,610 --> 00:10:03,690 | slow, I promise you, the folks that are doing very well. They put a lot of work into this before they did it, and I'm talking about the six figure earners, you |
| 53 | 00:10:03,690 --> 00:10:14,610 | know, the guy just did $300,000 In three months now the guy, you know, Jade, he, he's killing half a million dollars. Okay, folks, this isn't Mickey Mouse money |
| 54 | 00:10:14,700 --> 00:10:23,670 | like it that's that's real money. It's not demo, you know, these guys are killing it Paladin killing it, I have lots of other people that are Gary come |
| 55 | 00:10:23,670 --> 00:10:34,470 | forward as well, they are just smashing it in their own accounts not doing prop funded accounts, take your time, nothing's going to change, okay, the algorithm |
| 56 | 00:10:34,470 --> 00:10:42,810 | is going to change and I'm going to turn it around because ICT has taught to many people about it. The markets have always booked like this. And the only |
| 57 | 00:10:42,810 --> 00:10:51,930 | thing that's going to change in the future is it's going to be much more efficient. So there'll be less of the choppy consolidation, because there'll be |
| 58 | 00:10:51,930 --> 00:11:03,960 | a lot more people involved, therefore, the liquidity increases. So it's not a disadvantage to you, or a reason for you to be concerned about more people |
| 59 | 00:11:04,110 --> 00:11:14,970 | growing in our community. Using my content, it's literally going to make more liquidity. For efficiency, we're not going to be the bias thought read, then |
| 60 | 00:11:14,970 --> 00:11:27,630 | reversal, that's we capitalize on that retail mindset. My approach to trading and teaching you is that we harvest liquidity. We hunt it, it's prey, retail |
| 61 | 00:11:27,630 --> 00:11:35,610 | logic, things like moving average crossovers and things like that. There's a place for that it does make money, you can make money flipping a quarter. But |
| 62 | 00:11:35,610 --> 00:11:44,070 | predominantly, there is a large degree of well, |
| 63 | 00:11:45,270 --> 00:11:51,960 | neophytes to enter the marketplace. And when I first started, and I promised this at the end, we're getting into teaching, but it's important for you to know |
| 64 | 00:11:51,960 --> 00:12:02,760 | where we're, we're going where you should be in your expectations and learning. But retail minded traders think that every single time a overbought, oversold |
| 65 | 00:12:02,760 --> 00:12:12,720 | oscillator goes oversold, therefore the market should go up. And that's not true. And I learned that lesson hard. In my first year, in my first year and a |
| 66 | 00:12:12,720 --> 00:12:22,020 | half, I was insisting upon buying oversold conditions all the time. And I didn't understand bear markets. So it can stay oversold for a long time. And you could |
| 67 | 00:12:22,020 --> 00:12:34,020 | be buying falling daggers. And it's very painful trying to catch that. And what I have done in my career is tried to communicate things that you wouldn't really |
| 68 | 00:12:34,020 --> 00:12:44,880 | learn from anyone else and make it into a language that way it's communicated through charts, when the things that make these price moves run are not actually |
| 69 | 00:12:44,880 --> 00:12:56,040 | in chart. And that sounds like like it's an impossible thing. There are things that are occurring outside of the kill zones I talk about, there are trades that |
| 70 | 00:12:56,100 --> 00:13:07,710 | occur. But I could never bridge the gap between what I know about what's going on there for finding a chart that is repeating all the time, or enough times to |
| 71 | 00:13:07,710 --> 00:13:19,500 | make a a setup for it. So the things I teach you, like specific PD raise a multiplier. When I say when you're looking for a setup, you're looking for what |
| 72 | 00:13:19,500 --> 00:13:28,320 | is your multiplier, your multiplier is the thing that you use to get in. That's not a model. Okay, it's the multiplier that puts you in a trade, whether it be |
| 73 | 00:13:28,620 --> 00:13:39,180 | my order block it method, whether it be a fair value, inversion or standard. If it's a institutional level entry drill, then optimal trade entry. Okay, |
| 74 | 00:13:39,450 --> 00:13:51,030 | propulsion block. All these things are specific multipliers, the things that you're looking for, in price action, I teach you. Yeah, I think it's a month |
| 75 | 00:13:51,030 --> 00:13:59,310 | four of the core content. And forgive me if I'm not being accurate, but I think I think it's where it is month four, right, go through the pdra matrix. Those |
| 76 | 00:13:59,310 --> 00:14:12,060 | are in my opinion, they're the ones that is the easiest for me to communicate using a time based chart. Now that I have other PD arrays that are not requiring |
| 77 | 00:14:12,420 --> 00:14:20,640 | a chart, like I don't need a chart, but that's so complicated. In some of you complain about what I've already taught as being complicated. I'm not even going |
| 78 | 00:14:20,640 --> 00:14:29,550 | to touch that. Like, I don't need to have a chart, I could be driving around in my Corvette know that this time between these three minutes. I know it's going |
| 79 | 00:14:29,550 --> 00:14:38,250 | to do this, and then I know it's gonna go this and I know that that's algorithmic, but you but you're here to learn how to do something that repeats |
| 80 | 00:14:38,280 --> 00:14:47,490 | over and over again that you can visually see that you can trust. And that 2022 model I promise you if you study that and spend time with it in between your |
| 81 | 00:14:47,550 --> 00:14:57,510 | practice sessions and back testing means going back and looking at chart moves that have happened. It builds this experience basis you get to require to lean |
| 82 | 00:14:57,510 --> 00:15:10,800 | on it I have had a lot of requests for longer term swing trades. So I teach in the core content quarterly shifts, that means like every two to three months, |
| 83 | 00:15:11,250 --> 00:15:24,510 | there is a major intermediate term, price swing that takes place on the daily and weekly charts. That is a, like a macro perspective. So when you sit down, |
| 84 | 00:15:25,140 --> 00:15:32,580 | like right now I'm sitting down for the first time, being away from the charts for a few days, I did some day trading on Friday, I might share some of that |
| 85 | 00:15:32,580 --> 00:15:47,670 | with you when we get into the ES. But I teach in the Twitter spaces that I do. And also in all the things that I'm rambling about, usually in these videos or |
| 86 | 00:15:47,670 --> 00:15:57,060 | presentations. If you feel like I am not getting to the point, the point is, is I'm teaching you how you're going to have to navigate these things. And one of |
| 87 | 00:15:57,060 --> 00:16:06,330 | the things I talk about in the realm of psychology is, if you're under a lot of stress, not feeling well had a loss of in your family or whatever, it's |
| 88 | 00:16:06,330 --> 00:16:17,670 | important not to trade, it's important to stay away from the charts because you're going to be hurting. In that pain, that discomfort that boredom can even |
| 89 | 00:16:17,970 --> 00:16:30,150 | spurred on, you're going to do something impulsively. So I've been going through something emotionally with a pet. So I can't focus. So that's why I've spent |
| 90 | 00:16:30,150 --> 00:16:41,580 | some time away. She's improving, thank you, but I can't focus on it's like that. And some of you communicate that same type of thing in other facets of your life |
| 91 | 00:16:41,580 --> 00:16:50,040 | in Twitter, you know, you're going through a breakup, and you've been sick, you just got fired. And you're wondering why you're not seeing some success or |
| 92 | 00:16:50,160 --> 00:17:00,300 | consistency in your trading, because you're emotionally charged. So even though my concepts I believe are superior, you as the operator, me as the author, I'm |
| 93 | 00:17:00,300 --> 00:17:09,450 | the author of this stuff. And if I am sitting in from the charts, and I'm in a state of mind that is unstable, I'm hurting, I'm emotionally charged, you know, |
| 94 | 00:17:09,780 --> 00:17:20,040 | I'm sick, or I'm fatigued, if I haven't slept in two days, you know, it's usually when I need a nap. And sometimes that happens a lot. So whatever those |
| 95 | 00:17:20,040 --> 00:17:28,410 | things are, there's going to be free you that as a barrier, or distraction. Or if you feel an overwhelming desire to want to trade, because you feel like you |
| 96 | 00:17:28,410 --> 00:17:38,460 | need something to make you feel good or get high off of it. Don't don't consider my concepts as the silver bullet, quote, unquote, to fix that for you. Because |
| 97 | 00:17:38,460 --> 00:17:46,680 | you can fail even with these high and high precision elements that I'm teaching you, you as the operator will fail yourself, just like I would have failed |
| 98 | 00:17:46,680 --> 00:17:55,650 | myself, if I would have pushed last week, and did things that I know I wasn't gonna be focusing on. It doesn't mean that the logic is flawed, it doesn't mean |
| 99 | 00:17:55,650 --> 00:18:05,220 | that your ability to trade is expired, it just means that you are not firing on all cylinders, that means you're not focused, and you're going to be impulsive, |
| 100 | 00:18:05,370 --> 00:18:15,780 | you're going to be reactive, okay, we don't react to price, we anticipate it. But if you go into the charts with a need to be right, a need to feel better to |
| 101 | 00:18:15,780 --> 00:18:26,790 | feel like you are not worthless, because maybe someone broke up with you, those things will channel into and you'll actually see a setup, because you want it to |
| 102 | 00:18:26,790 --> 00:18:37,350 | be there versus it being there. So just be mindful that when I'm teaching you that you have a great deal of responsibility, you have that responsibility, and |
| 103 | 00:18:37,350 --> 00:18:48,330 | your success is solely yours. But your failures, you have to own them too. I don't cosign for either one of them. So with all that preamble and monologue out |
| 104 | 00:18:48,330 --> 00:19:02,190 | of the way, let's get into it. I mentioned the last few times we were doing market reviews and analysis, I talked about how the government chart and talking |
| 105 | 00:19:02,190 --> 00:19:19,740 | to you with the YouTube studio is not going to help me so this is the dollar index and it's shown on a weekly chart. So I mentioned that we would likely |
| 106 | 00:19:19,740 --> 00:19:30,060 | reach up into and we wanted to see it get up into the halfway point of this last up close candle prior to this rotation lower. So this upcoming over here, the |
| 107 | 00:19:30,060 --> 00:19:40,770 | initial draw was the order blocks opening price that was being denoted here. We saw it expand up from that. It tells you that this gap here I wanted to see that |
| 108 | 00:19:40,770 --> 00:19:52,350 | treated as an inversion gap. Okay or in bearish and fair value. That's what's the I F V G stands for? Now, this is the problem that will arise if you're |
| 109 | 00:19:52,350 --> 00:20:02,370 | watching someone that is trying to teach my concepts when they're not even fully taught yet. They would see this gap here It runs up and don't think okay, that's |
| 110 | 00:20:02,370 --> 00:20:13,950 | a short because look at these relative equal lows down here. No, there's a logic that has to be applied to it, and a narrative. The fact that we have unfinished |
| 111 | 00:20:13,950 --> 00:20:34,770 | business in this order block, there is uncertainty, there's a lot of there was concern about the US debt ceiling potential default. The W AR scenario, we'll |
| 112 | 00:20:34,770 --> 00:20:48,720 | know about the world, okay, all these things are causing concern. And that concern is a catalyst for flight to quality or a safe haven. And at the time at |
| 113 | 00:20:48,720 --> 00:21:00,750 | the president, the dollar is still considered that, but I think it's waning. Nonetheless, that since typically, the dollar higher, and foreign currency is |
| 114 | 00:21:00,750 --> 00:21:10,530 | lower, and we're going to talk about forex sending to work today. And not just es, but I started with the dollar index, because the dollar gives me that risk |
| 115 | 00:21:10,530 --> 00:21:20,220 | on risk off scenario. Now, if I believe that the dollar is likely to go higher, I need to know where it's going to likely draw to I just can't just |
| 116 | 00:21:20,460 --> 00:21:32,130 | indiscriminately go out there and think, Well, it's gonna go up, let's see where it goes. This is fine. Now, okay, that that to me, is myopic. You need to have a |
| 117 | 00:21:32,160 --> 00:21:44,220 | specific level, not a zoom. Okay, and not a not a supplier demand zoom. There's specific levels that I'm teaching. This last up close candle, |
| 118 | 00:21:45,750 --> 00:21:58,530 | or here has the low the opening price, and the mean threshold, which is the halfway point from high to low. That's what those levels are. The last time we |
| 119 | 00:21:58,530 --> 00:22:07,860 | talked, I said, we would like to see it get up into and I said we'll see if it wants to get up to meet threshold of that order block right there. Nothing said |
| 120 | 00:22:07,860 --> 00:22:16,590 | we're going short on dollar. I didn't say we're shorting anything in dollar, we were looking for lower prices on euro dollar. And we'll cover the Euro dollar |
| 121 | 00:22:16,590 --> 00:22:27,900 | when we get $1. So in fact, we saw price run up into it last week. And now here we are on the present week. This is this present current weekly candlestick for |
| 122 | 00:22:27,930 --> 00:22:41,550 | the dollar index. Did this gap over here act as support? Yes, intra week, it did it on this week. But then last week, it did it as well traded down into it. And |
| 123 | 00:22:41,550 --> 00:22:56,400 | now we're trading here. So when we, we get to the lower timeframe, daily chart, this will be more impactful too. But whenever I give analysis out, whether it be |
| 124 | 00:22:56,400 --> 00:23:11,190 | through a tweet, or in video, invariably, there's this sect of my followers that will say, Okay, now what's going to happen? When you should be thinking about |
| 125 | 00:23:11,220 --> 00:23:20,880 | what you just watched? And have you broke it down yourself, have you spent any time in the lower timeframes, individual sessions, individual days, over the |
| 126 | 00:23:20,910 --> 00:23:31,500 | scope of each individual weekly candle, and see where the setups form with the 2022 model. Because that's what you're supposed to be doing. If you're just |
| 127 | 00:23:31,500 --> 00:23:39,660 | waiting for me to put up a new video, or talk about something on Twitter, you're really doing yourself a disservice. Because a lot of the work 90% of the work |
| 128 | 00:23:39,690 --> 00:23:49,230 | for you succeeding is done by you. It isn't just by listening to me. Because if it was that easy, everybody that watches my videos, would be funded making money |
| 129 | 00:23:49,230 --> 00:23:58,020 | quitting their job and be rich, and where's all the yachts? Right? They don't do the work. And that's why it's offensive. Sometimes when I tell people, you're |
| 130 | 00:23:58,020 --> 00:24:08,100 | not putting in the work, because what you think the work is, is many times insignificant. It's not enough. And you have to put real time into it. And what |
| 131 | 00:24:08,100 --> 00:24:18,060 | you're doing in that time is spending it in all moves. Using the logic and the experience I've shared, I told you that I was wanting the dollar go higher. That |
| 132 | 00:24:18,060 --> 00:24:25,830 | was the go back and listen to the commentaries. It's there. It's not ambiguous. But because I state my opinion, there's a lot more of you publicly that are |
| 133 | 00:24:25,830 --> 00:24:33,600 | following me. You sometimes are waiting on bated breath just to hear me say something and you take that and you go out there and you bet real money with it. |
| 134 | 00:24:34,350 --> 00:24:42,600 | And that's why I said don't bet the farm on I'm constantly reminding you, there's risk. If you don't know what you're doing. Don't be deceived. In |
| 135 | 00:24:42,600 --> 00:24:50,970 | thinking you think you know what you're doing simply because you watched a few of my videos. It takes time to learn this and you have to give yourself the time |
| 136 | 00:24:51,270 --> 00:25:02,700 | and patience that's needed to do it. So we did in fact see the inversion fair vacant form here. And we're rotated up into Daily bearish order block, this |
| 137 | 00:25:02,700 --> 00:25:07,320 | right here will be much more easier to see and understand now when we go into a daily chart |
| 138 | 00:25:13,259 --> 00:25:23,489 | Okay, so here's that daily candle. So it looks just like that weekly candle where this big ol run off here like that. It does not folks Listen, okay? It |
| 139 | 00:25:23,489 --> 00:25:33,239 | does not need to be an engulfing candle that does not make an order well, okay, so many people out there typing that stuff up in pseudo mentorships things and |
| 140 | 00:25:33,569 --> 00:25:47,939 | like, that's not, that's not my order block. Okay? The idea of the market rotating after hitting a key level, you take it right to the last candle, that |
| 141 | 00:25:47,939 --> 00:25:55,799 | candle does not need to be engulfing anything. That narrative, that's the thing that's missing from these 20 year olds that run around thinking they know how to |
| 142 | 00:25:55,799 --> 00:26:03,479 | do this stuff. And I'm talking to you because I know you're listening. Okay, I'm telling you these things. So that way you can improve and not hurt the people |
| 143 | 00:26:03,479 --> 00:26:14,399 | that you're trying to fleece and be more responsible with your students in your. So here's the bearish order block the opening price now, why am I using the |
| 144 | 00:26:14,399 --> 00:26:27,449 | opening price versus the low whenever there is a short little stubby tail or wick? Okay, whenever it's like that, I generally as a rule of thumb, but not |
| 145 | 00:26:27,449 --> 00:26:33,929 | always, but generally, most of the time, I'm going to go right to the opening price. And the reason why I'm doing that, okay, and this is where you write |
| 146 | 00:26:33,929 --> 00:26:46,979 | things down folks. This small little tail on the candle, I know that there's probably something in that lower timeframe that I'll be able to use, even if it |
| 147 | 00:26:46,979 --> 00:27:00,239 | wants to go outside the realm of the opening price. So I may be able to look at something that may or may not be supportive for a trade in that range. But for a |
| 148 | 00:27:00,239 --> 00:27:10,109 | anchoring on a higher timeframe basis. I'm anchoring it to the opening price. Now let's assume for a moment that it was a longer tail, and it was this little |
| 149 | 00:27:10,109 --> 00:27:19,889 | segment down here on the candle, say that was longer in the opening was actually something somewhere up here, then I would use the low. And I will use the |
| 150 | 00:27:19,889 --> 00:27:29,759 | consequent current of that tail or halfway point at that little wick. So those are the two key levels I'll use for a candlestick that has a longer wick. Okay. |
| 151 | 00:27:30,179 --> 00:27:40,649 | So there's a little bit more insight about waterblocks. And I'm telling you why I'm using the opening price versus the lower high. So had that any notes and go |
| 152 | 00:27:40,649 --> 00:27:49,829 | through your studies. And you'll see that that's a very good general rule to help you. Okay, there will be instances where it does other things, okay. But |
| 153 | 00:27:49,829 --> 00:27:57,749 | I'm not done teaching, but just grow on what I'm telling you what I'm sharing now I'm giving it to you. So we have the weekly order block, we trade it up in |
| 154 | 00:27:57,749 --> 00:28:07,469 | through it hit the daily bearish order block, we trade it up into that and then look at the bodies of these candles, weekly order block, daily order block, look |
| 155 | 00:28:07,469 --> 00:28:19,019 | at all that and capsulation and price action, the volume of all that trading. The majority of it, it's been shown in the candlestick bodies. Yes, it expanded, |
| 156 | 00:28:19,199 --> 00:28:26,399 | as we would like to see anyway, we're expecting that they'll hire it went above these levels that we don't expect it to stop dead in his tracks. When we're |
| 157 | 00:28:26,399 --> 00:28:37,019 | bullish. We really want to see it go to it. And through it. Because the narrative the expectation we had was the dollar should go higher. And notice |
| 158 | 00:28:37,019 --> 00:28:48,179 | that all of the sustain price runs was on the buy side delivery, that means candlesticks that are going up in frequency. Were down close candles, these are |
| 159 | 00:28:48,179 --> 00:28:59,909 | daily candlesticks by the way. But look at it opened here, traded away from it opened, rallied up here and traded down. We expanded through and fell short of |
| 160 | 00:29:00,539 --> 00:29:08,339 | the main threshold of the week lower block, it's important that you annotate your levels. Now I'm showing you how I do this here. And some of you asked all |
| 161 | 00:29:08,339 --> 00:29:19,829 | the time, how am I doing that? On trading view, this is what I have set up as middle center for to appear here. And when I'm doing the new week opening gaps, |
| 162 | 00:29:21,089 --> 00:29:33,089 | it would just show on the right so it shows over here. And you'll see the new week opening gap when we get into ES. So we're seeing dig into these levels, |
| 163 | 00:29:33,269 --> 00:29:44,699 | expanding up reaching, reaching, reaching. And then finally, once it pierced the mean threshold and we colorblock at one to 4.540 then we had a rotation lower, |
| 164 | 00:29:45,299 --> 00:29:55,799 | where to go back to that weekly invert inversion gap, the fair pay gap that we anticipated seeing act as what support folks that's narrative that's not picking |
| 165 | 00:29:55,799 --> 00:30:13,049 | both sides of the marketplace. If I'm telling you a specific PD array that level on that PD array, if it's a range, like a fair Vega, it's the high consequence |
| 166 | 00:30:13,049 --> 00:30:21,899 | version, which is the midpoint. And then the low of it. That's not a zone where you ambiguous ambiguous like, where do you trade a supply and demand zone, okay? |
| 167 | 00:30:22,229 --> 00:30:30,569 | That's why I'm not supplying to me. And I also cut through candles, supply and demand would not use this level over here. Based on anything like that, because |
| 168 | 00:30:30,569 --> 00:30:38,729 | they say don't We don't cut through candles, they need a fresh new, everything from ICTs, fresh baby, everything. There's nothing stale here, we always have |
| 169 | 00:30:38,729 --> 00:30:44,939 | fresh bread. And my students are always making fresh bread, they do it on their own, they don't ever run out of yeast, just like this month are talking to you. |
| 170 | 00:30:44,939 --> 00:30:51,449 | I don't ever run out of yeast, you're never going to run out of opportunities, it's never going to happen. There's no reason for you to rush it. Because once |
| 171 | 00:30:51,449 --> 00:31:00,269 | you get it, nobody can take it from you. Nobody can say you can't do it, because they don't like you. They don't like your personality, whatever. You can find |
| 172 | 00:31:00,269 --> 00:31:11,249 | these setups. Once you have the understanding, you can go into any market, any timeframe, and murder it literally murder it. But you're trying to be too quick |
| 173 | 00:31:11,519 --> 00:31:21,869 | to assume that everything that you already know, will complement what I'm teaching you. No, no, no, no, no, no, no, no. What I'm teaching you will make |
| 174 | 00:31:21,869 --> 00:31:30,419 | the stuff you tried to be profitable with profitable if you if you include the things I'm teaching how to read price, the draw and liquidity. That's the first |
| 175 | 00:31:30,419 --> 00:31:41,249 | lesson. The first lesson I start to drive home, in a student's mind is where's the price trying to gravitate to? Where's it trying to get to? Well, initially, |
| 176 | 00:31:41,249 --> 00:31:50,459 | I started with the order block weekly, then daily and the mean threshold of that week lower. Why does your chart show this because you're looking at a live chart |
| 177 | 00:31:50,459 --> 00:32:00,809 | right now. I mean, in the live stream, did it pan out like I showed? Absolutely it did that same direction I was looking for everything I was looking for in |
| 178 | 00:32:00,809 --> 00:32:11,069 | terms of the specific levels. I gave you the logic, I talked about it beforehand. It's here now. So it wasn't done with a one minute chart. It wasn't |
| 179 | 00:32:11,069 --> 00:32:23,069 | traded or worked with in a second chart, sub one minute timeframe. It wasn't even an hourly chart. I used weekly charts. It works folks, you can make this |
| 180 | 00:32:23,069 --> 00:32:33,509 | work for you and where you are at in your life, School Business Job. Your relationship causes constraints that you can't do the intraday charts, I get it. |
| 181 | 00:32:34,139 --> 00:32:41,519 | But don't think that it's a one trick pony that only works on a one minute chart. There's a lot of one minute setups that allow me to teach you that |
| 182 | 00:32:41,519 --> 00:32:52,019 | there's no short supply of setups, you will always find setups. But there's going to be times when the market will be. Well look at all this mess in here. I |
| 183 | 00:32:52,019 --> 00:33:01,199 | don't like these types of periods. I don't like that. And that's why you see me do what I took time away, or the road trips. Now looking at the price action, in |
| 184 | 00:33:01,199 --> 00:33:08,519 | hindsight, now it makes perfect sense to you why I was doing what I was doing, right? But at the time, you're thinking, Oh, they changed the algorithm ICTs on |
| 185 | 00:33:08,519 --> 00:33:22,289 | the run? No, I'm relaxing, because I know that all I need to do is see a shift in market structure. What was that? See this? Hi. It breaks it? What does it |
| 186 | 00:33:22,289 --> 00:33:37,199 | leave? Fair Vega. Now, we're gonna talk about gaps today, my personal private students, and the public students. All of you probably majority of you here are |
| 187 | 00:33:37,199 --> 00:33:46,049 | constantly asking this question. You can you talk about the breakaway gaps. Can you talk about when fair value gaps should not fill? I'm going to teach you |
| 188 | 00:33:46,049 --> 00:34:02,189 | about that today. Okay. So if we're looking for a draw on liquidity, and we are in this vicinity right here. The first thing we want to draw our attention to |
| 189 | 00:34:02,219 --> 00:34:09,329 | was this imbalance here, that shaded area now and I'm showing it to you on a daily chart. And that's the timeframe This is being shown in right now for the |
| 190 | 00:34:09,329 --> 00:34:22,019 | dollar index. I promise you all this works in Yes, it works in forex, because I'm starting to his whole presentation. This is gonna be Forex in the beginning. |
| 191 | 00:34:22,229 --> 00:34:33,509 | And then I'll end the discussion and today's lightning on the index futures. But everything I'm teaching you here is applicable to forex and futures, and |
| 192 | 00:34:33,509 --> 00:34:41,039 | commodities and gold. And bonds. We're gonna talk about bonds today, too. Okay. But all of this |
| 193 | 00:34:43,140 --> 00:34:53,670 | higher timeframe gives you in my opinion, you're welcome to disagree. You're never gonna convince me otherwise, but the higher timeframes is where the |
| 194 | 00:34:53,670 --> 00:35:02,340 | majority of your time should be spent. Because it's so easy to get lost on these lower time. free of charge, especially if you're new, because you'll think you |
| 195 | 00:35:02,340 --> 00:35:09,450 | see all kinds of stuff, you know, the Three Stooges pattern, you know, there isn't one, but I'm just making a joke about how everything can be applied to any |
| 196 | 00:35:09,450 --> 00:35:20,520 | timeframe. If you wanted to be there, you'll see it. It's like a mirage. You're thirsty, you want to get that, that new drink of success. And just like |
| 197 | 00:35:20,520 --> 00:35:27,120 | sometimes in a desert, you'll think you see something out there, it looks like water and you get up on it, it's just more sand. And you don't want to fill your |
| 198 | 00:35:27,120 --> 00:35:38,460 | well with sand by chasing setups that are not there. There. phantoms higher timeframe removes most of that, not all of it removes most of it. So that's |
| 199 | 00:35:38,490 --> 00:35:45,210 | let's talk about again, I'm gonna, before I get into any discussion, I want to take you back to the weekly chart and show you what this is, again, this shaded |
| 200 | 00:35:45,210 --> 00:36:03,000 | area right here. Real quickly. I like to be complete, folks want to leave anything up for the beat that little section between this candle here that low. |
| 201 | 00:36:04,020 --> 00:36:15,180 | And this candles high. And reason why I'm drawing attention to that is take this away just for a second. Can you see how this candle dropped, stopped, the next |
| 202 | 00:36:15,180 --> 00:36:23,820 | candle here opened, traded down all the way here and came back and stopped the next week, it opened traded up a little bit, but didn't come back all the way to |
| 203 | 00:36:23,820 --> 00:36:35,670 | that candles low. See that. So there's this think gap separation between those two key levels there. And then we expand lower, and we open trade up leaving |
| 204 | 00:36:35,670 --> 00:36:45,540 | this little portion of price action between this candles low and this candle is high remained open. Okay, so it's only dropped down to that sell side delivery. |
| 205 | 00:36:46,140 --> 00:37:00,330 | What is it inefficient by side, so it's a city sell side inefficiency by side. By side they're on sale side, imbalanced by side inefficiency city. That little |
| 206 | 00:37:00,330 --> 00:37:10,860 | distinct gap there stands out. If we were standing over here on the right of all this price action, look how fortified all these back and forth movements are |
| 207 | 00:37:10,860 --> 00:37:17,430 | here. All these candles moving back between over and over again inside of this range here. |
| 208 | 00:37:31,829 --> 00:37:40,979 | You see how that is back and forth, back and forth, back and forth, back and forth. That is not inefficient at all. That's a lot of back and forth delivery. |
| 209 | 00:37:41,249 --> 00:37:51,899 | Now let's think of the analogy how many times use like a paint being applied with a roller on a wall. In this area, paint has been distributed back and forth |
| 210 | 00:37:51,959 --> 00:38:03,179 | in in pink, and this analogy would be price. So the range of offering liquidity up and down in that shaded area. There's no inefficiency whatsoever on this |
| 211 | 00:38:03,179 --> 00:38:25,379 | timeframe. So where does the inefficiency exist? Right there. It only has one roll down, never out until we get over here. Okay, so that fear that you got |
| 212 | 00:38:25,379 --> 00:38:36,059 | there was the draw up. And the context was I want to see trade up through it and come down and act as support that would make it an inversion for your Vega. If I |
| 213 | 00:38:36,059 --> 00:38:48,959 | didn't hold that expectation, it will be treated as a standard for Vega in a premium relative to the high in the low here. That would be a premium for Vega. |
| 214 | 00:38:49,199 --> 00:38:59,609 | And the way you know that is you take the fifth anchored on high down below, here's equilibrium. And the fair value gap exists right there at equilibrium or |
| 215 | 00:38:59,609 --> 00:39:10,469 | above his premium at equilibrium or below is discount. But I did not say we're looking for lower prices. When it got to this fair value gap. I said we want to |
| 216 | 00:39:10,469 --> 00:39:18,569 | see it go to it through it and come back down and treated as support. That's an inversion fair value get. Don't take my word for it here. Go back and look at |
| 217 | 00:39:18,569 --> 00:39:28,109 | the other reviews that I've showed here. Go and look at the tweets. Listen to the Twitter spaces. Sometimes that cost there just be mindful that you know it's |
| 218 | 00:39:28,109 --> 00:39:35,159 | live here I try to attend to do a better job because I'm looking at candlesticks but if I don't have a candlestick chart in front of me on Twitter spaces, I |
| 219 | 00:39:35,189 --> 00:39:45,899 | generally use blue collar language and my imbalances inside me. This made me not the best mentor for that. But that little gap here is this segment when we go |
| 220 | 00:39:45,899 --> 00:39:56,849 | down the lower timeframe daily chart. Now you know what you're looking at. Right there, see it doesn't look like a gap here because look what it's done. It |
| 221 | 00:39:56,849 --> 00:40:09,479 | passes back and forth, back and forth. Okay. Do not assume this is really important do not assume that aid. inefficiency, whether it be fair a gap, that's |
| 222 | 00:40:10,199 --> 00:40:21,989 | a bad Sanibel sauce on efficiency, or a sell side unbalanced bias on efficiency, either or, don't assume if it's on the daily chart that if you see on, or the |
| 223 | 00:40:21,989 --> 00:40:30,299 | weekly chart rather, don't think that we see these back and forth moves on a daily chart that now makes this a balanced price range, it doesn't. Because on |
| 224 | 00:40:30,299 --> 00:40:39,509 | the weekly timeframe, it's inefficient, still, the higher timeframes have to have Bodies Hit The Floor, that means it's got to cover that gap. Even though |
| 225 | 00:40:39,509 --> 00:40:50,219 | these individual daily candles have worked inside that range. That's not you're seeing the formation of that weekly fair that you got with all of this in here. |
| 226 | 00:40:51,989 --> 00:41:01,799 | On a daily chart, it's it's something you have to study on your own, working higher timeframe down to a lower timeframe. The higher timeframes are parent, |
| 227 | 00:41:03,569 --> 00:41:14,429 | the lower timeframes are subordinate. They're only going to behave in a manner that allows certain price delivery within the context and constructs have a |
| 228 | 00:41:14,429 --> 00:41:28,499 | higher timeframe imbalance, or liquidity pool. That's it. That's the liquidity continuum, what you're looking for, market has to go up to a premium. For what |
| 229 | 00:41:29,309 --> 00:41:42,119 | only two reasons it's going up to take the buy stops, or it's going up to some inefficiency, some gap. Markets only go down to go to an inefficiency, a fair |
| 230 | 00:41:42,119 --> 00:41:50,129 | value got below current market price, or it's going down for sale stops. I do not care. This is no disrespect to anybody else out there to teach is made |
| 231 | 00:41:50,129 --> 00:42:00,719 | money. I don't give a flip. The markets don't go up and down because your indicator said so the market doesn't go up and down because there's momentum of |
| 232 | 00:42:00,719 --> 00:42:08,639 | buying and selling pressure. That's not what is that is not what is going on here. Okay, it's never been that way. But we have been led down the primrose |
| 233 | 00:42:08,639 --> 00:42:20,369 | lane with books, authors, teachers, whatever, saying that it's buying and selling pressure. It's not. These markets are absolutely controlled period. If |
| 234 | 00:42:20,369 --> 00:42:31,499 | we can see the likelihood of price action, wanting to at least get up to this level here. Why did I use that fear that I got? Remember? Painting why I said |
| 235 | 00:42:31,499 --> 00:42:39,839 | this was something important? Why did I pick that weekly? There you go. And why did I want to see it trade through it and become support because it's at a level |
| 236 | 00:42:39,869 --> 00:42:50,129 | that on a simple run of the daily chart, using this dealing range this low to that high? Remember, I had the FIB back to it. Folks, this is real learning, |
| 237 | 00:42:50,129 --> 00:42:56,879 | this is the point. Okay, the point is you want to know what you're doing. If you want to go out there and gamble your money, go watch somebody else. Okay, you're |
| 238 | 00:42:56,879 --> 00:43:06,629 | welcome to do that. But if you want to learn, and you want to learn correctly, you're at the right place that fib at 50 is halfway or equilibrium relative to |
| 239 | 00:43:06,629 --> 00:43:22,229 | this high in this love. So if I'm waiting to see price to try to gravitate to here, I want to see does it perform what I wouldn't really rather see happen, I |
| 240 | 00:43:22,229 --> 00:43:28,559 | don't want to see it go up there and then sharply broke lower. Because if it does that, then I got to drop down to a lower timeframe and look for a fair |
| 241 | 00:43:28,559 --> 00:43:37,679 | value gap for something else, when a short term premium to sell short pieces then would likely run into these relative equal lows. But my experience and 30 |
| 242 | 00:43:37,679 --> 00:43:49,139 | years, told me it told me that all the factors that's going on right now in the world, geopolitically, you know, all the turmoil, all the things that's going on |
| 243 | 00:43:49,169 --> 00:44:00,629 | the economy, all that stuff is a cause for uncertainty. And because of that, I want to see yes, my pdra is going to be a draw on liquidity, it's going to draw |
| 244 | 00:44:00,629 --> 00:44:09,179 | up to that weekly, fair value got. But I are already announced to you that I'm gonna see this do something other than just go up into it and treat it as an |
| 245 | 00:44:09,179 --> 00:44:18,329 | area to sell storefront. I want to see it go through it. Does it do so yeah. Look, we're closed. Above it. I did this stuff, real time in live streams where |
| 246 | 00:44:18,509 --> 00:44:29,519 | I taught you how to discard or disqualify a fair value guy. So that way, it looks like cherry picking. Because I'm showing you examples. And a lot of people |
| 247 | 00:44:29,519 --> 00:44:37,319 | that hate me or trolls and people can't keep up with me. They'll insist it's cherry picked. But they have they don't know the logic. And if they would just |
| 248 | 00:44:37,319 --> 00:44:45,509 | simply listen to me now. I'm telling you what I'm doing. So that way, you can go back and look at the things I've shared too. Oh, oh, yeah, there it is. There it |
| 249 | 00:44:45,509 --> 00:44:54,389 | is, right. I'm not pulling things out of thin air. I'm pulling it from 30 years of experience. I authored these things. So I'm sharing that language so that way |
| 250 | 00:44:54,389 --> 00:45:02,639 | you can learn how to do it. So this fair value that was the initial draw on liquidity When we shifted above this high here |
| 251 | 00:45:17,760 --> 00:45:31,170 | that candle right there that runs above that short term high. That's a shift in market structure. Now market is, in a bike program, a buy program is is now when |
| 252 | 00:45:31,170 --> 00:45:41,010 | you start looking for premium arrays, where do you look for those premium arrays? Well, what is the dealing range that is this high to that low, we're |
| 253 | 00:45:41,010 --> 00:45:50,970 | only interested in premium. So we don't look at this short term high. As a turtle suit run above and go dollar dollar, we don't look at this high here, as |
| 254 | 00:45:50,970 --> 00:46:04,170 | a run above that, and turtle suit and no shirt lower. No, we're looking for the first first equilibrium or higher pdra. We started with a higher timeframe, you |
| 255 | 00:46:04,170 --> 00:46:16,650 | want to you wanna do a top down analysis, because large institutions, big funds are going to using higher timeframe charts. So we're going to cannibalize their |
| 256 | 00:46:16,650 --> 00:46:29,400 | long term models, their long term model through here was bearish. So we're looking inside the scope of this high to that low right there. midpoint is here. |
| 257 | 00:46:30,840 --> 00:46:39,810 | That shaded area in orange, I'm assuming a few of orange but that shaded area, that's the weekly inversion fear of a gap. That's the first level of my |
| 258 | 00:46:39,810 --> 00:46:50,820 | interest. Okay. So this specific weekly point of interest, I gave you the context as to what I want to see with it, it wants to go higher, great, I need |
| 259 | 00:46:50,820 --> 00:47:00,750 | to see something specific, I want to see a trade to it. And through it, we've seen it close right there. If a market closes above a fair value, get that you |
| 260 | 00:47:00,750 --> 00:47:13,860 | think should be bearish. That's not a good shorting opportunity. Many times it's communicating to you that it will become a conversion fair value gap. Oh, there |
| 261 | 00:47:13,860 --> 00:47:22,050 | you go. The penny just dropped. I just gave you something again. But if you're not listening, okay, if you're not trying to filter out the buy and sell |
| 262 | 00:47:22,050 --> 00:47:31,860 | signals, then you think I'm teaching you in Morse code. I'm teaching you specifics in detail. This is the point, you want to be trading with precision, |
| 263 | 00:47:31,980 --> 00:47:40,680 | you want to be to read the charts without me and nobody else helping you. It'd be independently wealthy. All these things have to have a lot of understanding |
| 264 | 00:47:40,710 --> 00:47:48,420 | and logic. So that way, you know, you can trust it. It's not changing and morphing all the time. The rules aren't changing the goalposts is not being |
| 265 | 00:47:48,420 --> 00:47:57,390 | moved. You know that these logic, or this logic, is sound. You've seen it many times before. And you can trust it so that way, when you go forward, and you're |
| 266 | 00:47:57,420 --> 00:48:09,750 | forward testing in for a compounding challenge, or if you're trading with your own account, you'll trust it. You won't be nervous. It's the same type of thing. |
| 267 | 00:48:10,230 --> 00:48:17,310 | Like when you go to work, you know, the different routes that you can take to get to work. Is the map changing? Sometimes there's a detour that's required. |
| 268 | 00:48:17,490 --> 00:48:25,200 | There's construction. Well, guess what, sometimes the market will do a little hiccup and in you didn't see a specific timeframe, do something in it might stop |
| 269 | 00:48:25,200 --> 00:48:37,590 | you out. Okay, recalibrate, like a GPS. What's that? What is it it reroutes? You, as long as this objective of the weekly order block was drawn liquidity? |
| 270 | 00:48:38,700 --> 00:48:49,920 | This was the multiplier, the inversion fair value got? So I wanted to see does it get to and through it? Yes. Does it treat it as support in the lower |
| 271 | 00:48:49,920 --> 00:49:00,870 | timeframes it does. And then trades up to that weekly order block, daily order block. And the last level you heard about was we want to see if it wants to get |
| 272 | 00:49:00,870 --> 00:49:15,210 | up to that one to 454, which is the weekly bearish order block mean threshold? Now, that's a lot of stuff. There's no way I could say that in less time and |
| 273 | 00:49:15,570 --> 00:49:22,710 | teach you what I just talked about what was going through my mind, why did I talk about that level right there. That is the shortest absolute shortest way |
| 274 | 00:49:22,710 --> 00:49:32,970 | around, getting between point A and point B to the point. That was the logic that I used. Think about how you could have said it with less words and make it |
| 275 | 00:49:33,300 --> 00:49:44,310 | make sense. You can't stop. Okay, stop expecting something to be condensed when this is condensed. But it's specific so that way you understand the logic behind |
| 276 | 00:49:44,310 --> 00:49:56,400 | it. So now let's go into grading a price swing. So we have these levels here. The first one I drew your attention to was that we were well. Now, I could have |
| 277 | 00:49:56,400 --> 00:50:07,080 | very easily laid all these out here in it Dance and said, Watch all three of these get hit. But you're learning, you're you're understanding is a graduated |
| 278 | 00:50:07,080 --> 00:50:16,020 | experience. And charter members could go right into this and see it right away, you know, people that have been with me for a very, very long time, if you're |
| 279 | 00:50:16,020 --> 00:50:28,500 | new or relatively new, if I lay this level here, and what I'm about to say, is not to be construed as talking down to individuals, okay? I'm just reminding |
| 280 | 00:50:28,500 --> 00:50:39,450 | you, where you're making the mistakes you are, I'm not making the mistakes, I'm telling you to be careful. But if I say, I like this level here, and you |
| 281 | 00:50:39,450 --> 00:50:48,420 | foolishly go out there and you try to trade with your money, or risk your funded account on it, we're trying to do a combine challenge. And insist because ICT |
| 282 | 00:50:48,420 --> 00:50:58,410 | said, it's going to go up here, between this point here and this point down here, there's lots of room for error. If you don't have a lot of experience, or |
| 283 | 00:50:58,410 --> 00:51:06,540 | don't know what you're doing, or you're impulsive, and you chase price, even if you do use a stop loss, you'll get caught up in these retracements that you |
| 284 | 00:51:06,540 --> 00:51:14,160 | won't expect or anticipate. And you'll walk away thinking this stuff doesn't work. And then now here we are, it goes right to the levels that I've talked |
| 285 | 00:51:14,160 --> 00:51:24,510 | about. So between these two price points, with this shift in market structure here and running up into that weekly bearish order block mean threshold. Again, |
| 286 | 00:51:24,510 --> 00:51:36,270 | this level here, right there, let me take the FIB off, because it's more lines on it. And I'm gonna show you that level here is not anything in this fractal of |
| 287 | 00:51:36,270 --> 00:51:49,230 | any important. It's the weekly chart. It's this one here. The mean threshold, this is the halfway point of this candle. And that's done by like this, take the |
| 288 | 00:51:49,230 --> 00:52:04,950 | FIB, drop it on the low to the high, bam, right there, one Oh, 4.540. That's why that level is there. It's half of that. Now let's drop back down into the daily. |
| 289 | 00:52:09,870 --> 00:52:21,420 | So we had a market structure shift here. And right away, we have this fair value gap. Now watch, folks, this is not quarters theory, okay, cuz you're gonna hear |
| 290 | 00:52:21,420 --> 00:52:29,910 | somebody come out and say, Oh, he's teaching quarter three, I was doing this stuff. Before quarters, there's William to talk about this. This is what grading |
| 291 | 00:52:29,910 --> 00:52:40,230 | a price swing allows you, you have to know what where's the draw on liquidity? Where is the terminus? The end of the line? Where do you think price is going to |
| 292 | 00:52:40,230 --> 00:52:50,130 | go? It doesn't mean that's where it stops, ultimately reverses. Where do you see your setup form? Where's the framework? Where is the dealing range that you're |
| 293 | 00:52:50,130 --> 00:53:00,360 | going to work within that dealing range is always in the past high to low, we frame the equilibrium price point here, and we're aiming for a premium. Why do |
| 294 | 00:53:00,360 --> 00:53:09,480 | we want to see that because we want to see trade into this sphere rank up and above it, which would nullify it would remove any need to anticipate lower |
| 295 | 00:53:09,480 --> 00:53:23,700 | prices on dollar. It's signaling to you algorithmically that it is not going to go lower, in fact, wants to go higher. So if we can do that, and we see it does |
| 296 | 00:53:23,700 --> 00:53:35,190 | it closes here, that really increases the opportunity for this fair value gap to be inversion fair, very good. I mean, it's going to act as a resistance broken |
| 297 | 00:53:35,190 --> 00:53:43,530 | turn support, to use retail minded logic. But this would never be construed as that because it doesn't fit any the type of thing that you would expect with |
| 298 | 00:53:43,530 --> 00:53:55,470 | retail Support Resistance. Nor does it meet the criteria for supply and demand. Before you go out there and you wreck yourself, in your live trading or |
| 299 | 00:53:55,470 --> 00:54:07,740 | whatever, it's important to know these types of rules. Because if you are slow in making money, and fast and trying to preserve or keep it, those two modes of |
| 300 | 00:54:07,800 --> 00:54:18,240 | thought or conducting you a daily routine, move very, very slow when you're trying to make money, because there's lots of opportunities to do that. Every |
| 301 | 00:54:18,240 --> 00:54:28,080 | single day there is every single week, every single day, every single session, there is something that you can capitalize on every single day. And in fact, |
| 302 | 00:54:28,770 --> 00:54:39,060 | specific hours of the day, you can trade one hour candles and treat it just like this whole idea that are shown here on the basis of that weekly candlestick. All |
| 303 | 00:54:39,060 --> 00:54:51,720 | this stuff is applicable inside of 60 minute candle. They all exist there. It's a tiny little new universe within that one timeframe. You can break these things |
| 304 | 00:54:51,720 --> 00:54:56,640 | down smaller and smaller and smaller. But you don't have |
| 305 | 00:54:56,640 --> 00:55:04,200 | the experience yet and you have to give yourself the time to acquire that x variants, and once you have it, then it gives you confidence. And you got to be |
| 306 | 00:55:04,200 --> 00:55:15,120 | very, very careful once you get that confidence that you know what you're doing. It doesn't evolve into egomaniac potential whore. Okay, I was always that when I |
| 307 | 00:55:15,120 --> 00:55:26,850 | was in my 20s, I, this kind of stuff made me feel superior to everybody. And I communicated that always. And I don't even know why stuff is superior, I don't |
| 308 | 00:55:26,970 --> 00:55:39,510 | view myself in a manner where I have to go out there and state and prove it, I don't have to do that anymore. I have students now that are doing it. This price |
| 309 | 00:55:39,510 --> 00:55:50,220 | range, okay, that I'm looking forward to, if we get this shift and Mark sugar, I'm sorry, shift in market structure here on this candle here. That that moment, |
| 310 | 00:55:50,220 --> 00:56:05,460 | we have entered a buy program. So we have to go back into this range and anchor it to where we anticipate price going. That drawn liquidity, the initial one was |
| 311 | 00:56:05,460 --> 00:56:16,770 | here. This one, I don't believe I mentioned it. But I'm gonna say I didn't. But you can see clearly it's anchored on the daily chart. But I did tell you this |
| 312 | 00:56:16,770 --> 00:56:25,740 | one here, this is where we want to see if it wants to get up into that. So all of this run here. We could be sitting still anticipating, not reacting, |
| 313 | 00:56:25,800 --> 00:56:34,410 | anticipating a run above that short term high here. Why am I talking about this? Hi, man, he finally talked about it. He's finally saying it. I've been screaming |
| 314 | 00:56:34,410 --> 00:56:45,330 | at this monitor. Michael, why are you wanting this high? Why didn't you use this high? Why don't use that high? Why not that high? Low lower, low, lower low. |
| 315 | 00:56:46,290 --> 00:56:58,950 | Okay. We consolidate all through April, May. I'm out at sea. I want the market to show me something. So when I was down in Florida, when I was cruising around |
| 316 | 00:56:58,950 --> 00:57:11,040 | my RV, and I don't live in an RV goober. I want to see it move out of this range. Okay. Let's just for a moment, let's ring in the bond market. Okay, if |
| 317 | 00:57:11,040 --> 00:57:24,450 | you are on Twitter, I believe it was Twitter. If it wasn't Twitter, either I did a video short little video commentary on Twitter, or it was mentioned somewhere |
| 318 | 00:57:24,450 --> 00:57:33,240 | in my commentary on the YouTube channel. But I know I talked about it. And you'll see the chart right away and remember it those who watched it. But during |
| 319 | 00:57:33,240 --> 00:57:45,900 | this consolidation in here, I want to see it perform a specific way. I want to see it show me something all through here. I wanted to see the dollar go lower. |
| 320 | 00:57:45,990 --> 00:57:57,570 | I expected it to take out that low. But because it was showing an unwillingness to perform or show any willingness to go lower. How did I How did I get to the |
| 321 | 00:57:57,570 --> 00:58:06,390 | point where I didn't trust it? Talk about how when we don't want to take a trade when there's something in the price action, it says don't do anything. Okay, |
| 322 | 00:58:06,390 --> 00:58:19,260 | let's do that right now. Here we have this low right there. See that little Pierce below it right there? Little tiny little short move below that low right |
| 323 | 00:58:19,260 --> 00:58:30,930 | there. It can and it could have very easily traded back up to this level and then resumed if it would have done that then $1 really would have been bearish |
| 324 | 00:58:30,960 --> 00:58:43,170 | longer term. But because it consolidated, I want to see does it have conformation through the bond market. All this consolidation is going to be |
| 325 | 00:58:43,170 --> 00:58:54,300 | shown in the bond market when I go over to the chart for Zb M 2023, which is the symbol it's used for bonds. The it's not the month that you should be trading or |
| 326 | 00:58:54,300 --> 00:59:05,880 | tracking it. Now it's volume has rotated into the September contract. But I'll show you what I mean in a second. To understand how the dollar is likely to |
| 327 | 00:59:05,880 --> 00:59:15,390 | perform, I use the bond market. Okay, and right away some of you that just want to have one market, you want it to be real simple and short and sweet. This is |
| 328 | 00:59:15,390 --> 00:59:25,860 | where most of you drop off. Because it was just complicated. If that's how you feel folks, don't watch my videos, okay, I promise you, you'll do something, |
| 329 | 00:59:26,670 --> 00:59:32,250 | either be successful at what you're doing, or you'll hurt yourself and you'll come back here and you'll learn how the markets really work. But this |
| 330 | 00:59:32,250 --> 00:59:46,290 | consolidation in here, I want to see does it perform in a mirror image of what the bond market is doing? The bond market, Zb M 2023 was in a range, okay, and I |
| 331 | 00:59:46,290 --> 00:59:56,340 | want to see it go down into a discount. If the bond market goes down in the discount that would result in the dollar index moving into a premium. Here's |
| 332 | 00:59:56,340 --> 01:00:07,860 | that range. Okay, we were in this range and until then This range was given up until it left this range. Dollar wasn't doing anything. equities were going to |
| 333 | 01:00:07,860 --> 01:00:18,630 | range down. That's why I stayed out taking RV road trips. I don't care about the price action when it's in here like this. Can I trade that? Absolutely. Can you |
| 334 | 01:00:18,630 --> 01:00:29,700 | trade it? Absolutely. But to meet a expectation in the community, that's been craving higher timeframe, charts, swing trading ideas, can you do something off |
| 335 | 01:00:29,700 --> 01:00:35,880 | the one minute charts? I don't know why he's always talking about the one minute charts the answer the reason why is because it gives me lots of teaching |
| 336 | 01:00:35,880 --> 01:00:45,690 | examples where I can call it before it happens and it pans out precisely. And that is where you should study. Whether you trade them or not, you should study |
| 337 | 01:00:45,690 --> 01:00:55,110 | those lower timeframes because you're getting so much experience by using lower timeframe charts, because it's not noise like the Goldman Sachs boys will tell |
| 338 | 01:00:55,110 --> 01:01:06,690 | you. There's absolutely a rhyme and reason why prices, listen. Is it a different price? Okay, is it a different price? If you're looking at the bond market, |
| 339 | 01:01:07,050 --> 01:01:19,110 | Bitcoin? Gold, whatever it is, whatever asset you're looking at, is price booking at a market price differently. If you're looking at it on a daily chart, |
| 340 | 01:01:19,710 --> 01:01:32,520 | or a minute chart, if you're looking at right now, if you're looking at the biomarker here, this is live. It's not delayed data. Right now, the price is |
| 341 | 01:01:32,520 --> 01:01:44,760 | showing it 127 and 1230 seconds. That's what it's showing right now. If I dropped down into a one minute chart, look at that. Holy crow, it's the same |
| 342 | 01:01:44,760 --> 01:01:55,440 | price. So don't listen to these goobers that will tell you, you know, there's noise on the lower timeframes. You're looking at the same price. Price is doing |
| 343 | 01:01:55,470 --> 01:02:05,250 | the same thing in all timeframes. But the narrative as to what it's going to do next, hello, is going to be derived from what timeframe you're using right now. |
| 344 | 01:02:07,110 --> 01:02:20,550 | In layman's terms, I'll say it like this. It's going to behave in a manner that the higher timeframe outlines. This is right now this price action on the June |
| 345 | 01:02:20,550 --> 01:02:29,970 | contract for bonds, as you can see, it's real spotty, okay. If you use Zb, I'll come back to the daily chart in a second, I was wondering. Okay, that's the |
| 346 | 01:02:29,970 --> 01:02:43,290 | symbol that's being shown right here, Zb, m 2023. The M is the futures contract month code for June, all the volume is rotated into now the September contract. |
| 347 | 01:02:43,350 --> 01:02:54,510 | So that is going to be the you symbol, watch how all these little dots become much more smoother see that, that tells you that all the volume and open |
| 348 | 01:02:54,510 --> 01:03:06,960 | interest is now rotated early. In the bond market, s&p, the June contract is still favored. But it will be changing here shortly. Now let's go back up to the |
| 349 | 01:03:06,960 --> 01:03:13,950 | daily chart for bonds. And I'll tell you what I was doing and what I was thinking. And I'm gonna go to the June contract, because that's what was being |
| 350 | 01:03:13,950 --> 01:03:25,830 | traded in April, May. Okay, so here's the business on the bonds. We were in this range. I wanted to see this break that range. Oh, he's a breakout artist. I knew |
| 351 | 01:03:25,830 --> 01:03:37,050 | it. I see T is a breakout artist. He's a break and retest guy. No, not. No, I'm not. I want to see it leave this. This is market profile. Notice there is no |
| 352 | 01:03:37,440 --> 01:03:46,350 | volume bars to the right of my chart. Okay. I don't use that stuff. That to me is Mickey Mouse stuff. If you make money with it, God bless you. Okay, God bless |
| 353 | 01:03:46,350 --> 01:03:58,530 | you run with that idea. That's not what makes markets go up and down, though. Market profiles, to me is a schematic. It's a behavior, a graph. Now, if you go |
| 354 | 01:03:58,530 --> 01:04:06,780 | into my core content, on my YouTube channel, which was premium content, people had to pay money for that. Those lessons are the language that my students had |
| 355 | 01:04:06,780 --> 01:04:17,880 | to understand. When I was doing new live education and analysis every day, every single day, I was doing analysis, and I was on the spot every single day, |
| 356 | 01:04:18,600 --> 01:04:25,950 | calling every single day when it should perform. Where was this bad and it's mad rush of people coming out saying ICT is a fraud. He can't do this stuff. I'm |
| 357 | 01:04:25,950 --> 01:04:33,150 | paying him. He didn't call that right. It never happened. If anybody's going to expose me it would have been those individuals that paid me. |
| 358 | 01:04:34,559 --> 01:04:44,249 | You're seeing the testimony. Again, it's happening in front of you. I'm teaching you the logic. You're getting it right from the source. I needed this range here |
| 359 | 01:04:44,579 --> 01:04:53,609 | to leave. I didn't care if there's gonna go higher or lower. Because I didn't know at the time which one to trust because remember, I want the daily Dollar |
| 360 | 01:04:53,609 --> 01:05:01,409 | Index. I wanted to see that load taken out. That's what I wanted. But I had to submit myself to what price was showing me it was not willing to go there yet. |
| 361 | 01:05:01,619 --> 01:05:09,719 | So I had to take a step back and wait, wait a minute, man, you're supposed to be 30 years experience, right? That 30 years experience gave me the insights to say |
| 362 | 01:05:09,749 --> 01:05:21,809 | sit still, bro. Sit down this dancing for you sit down, wait, let the elephant enter that swimming pool. Think about a children's swimming pool. Okay, a little |
| 363 | 01:05:21,809 --> 01:05:31,049 | tiny little swim pool. If they swim pool size of a child use. If you fill that up with water, and an elephant came over and sat down in it, what would happen |
| 364 | 01:05:31,049 --> 01:05:43,139 | to the water, it will be displaced, right? It would it would leave the pool being replaced with the the mass of that elephant. Smart Money is like that, in |
| 365 | 01:05:43,139 --> 01:05:56,489 | this range here. Or here, when we saw it close, right there outside of that range. That sets the stage for up move in dollar. But I have to wait, I had to |
| 366 | 01:05:56,489 --> 01:06:06,539 | wait for something. This is Wednesday, May 17. Let's go back over to the dollar index. I know I should have I should have charged you money for this. Alright, |
| 367 | 01:06:06,539 --> 01:06:22,319 | so here is May 17. Three, there. Okay. Lo and behold, that's the day that the dollar index is trading inside of its fair value gap right there after post the |
| 368 | 01:06:22,319 --> 01:06:29,819 | shift in market structure. So this high, broke to the upside? How can we qualify that as a shift in market structure for the dollar to keep going higher, I just |
| 369 | 01:06:29,819 --> 01:06:39,569 | taught you are we seeing a mirror image that would constitute a expectation for the bond market to enter a sell program that means bonds going down, dollar |
| 370 | 01:06:39,569 --> 01:06:52,379 | going up. We're in a consolidation. We're in uncertainty here. So I have to wait. When this happened. Okay, all focus goes to the sphere Vega. But now, I |
| 371 | 01:06:52,379 --> 01:07:03,089 | don't want to see it go up here to go short. Why? All this stuff that's happening in the outside world, I'm trying not to use words that will flag my |
| 372 | 01:07:03,089 --> 01:07:13,169 | channel. Because I've had friends that are not even technical traders are dealing with the markets. And they talked about these topics and they lose their |
| 373 | 01:07:13,169 --> 01:07:24,359 | channel. So I'm not going there. But just think geopolitical, W AR, all those things. All that uncertainty, the debt ceiling, the potential default, all that |
| 374 | 01:07:24,359 --> 01:07:35,369 | stuff was a catalyst from a macro perspective, which why I didn't believe that that fairway get would be a short now it would have went up here and started to |
| 375 | 01:07:35,369 --> 01:07:43,679 | sell off. Like I said, I would use a lower timeframe for our one hour chart short of a premium like that, and get in sync and then run for these lows here. |
| 376 | 01:07:44,069 --> 01:07:51,689 | But the context that I went into and I shared with you was I want to see that weekly fair value gap trade above it, and come down and treat it as support. |
| 377 | 01:07:51,989 --> 01:08:03,989 | Look, this is the daily chart for the dollar index, look where the bodies on the lower end of that gap. Look where the bodies were. Was that not respecting that |
| 378 | 01:08:04,049 --> 01:08:12,659 | weekly gap? That's not supported? To me, that's not support resistance. This is algorithmic, it's referring back to a level I drew your attention to beforehand. |
| 379 | 01:08:14,309 --> 01:08:26,339 | Now, how can I do that? I'm not a time traveler. There's logic there. That means there's something going on in price delivery. That is well beyond buying and |
| 380 | 01:08:26,339 --> 01:08:36,359 | selling pressure. It's rigged. And there shouldn't be any reason for you to be upset about that. It shouldn't scare you, you should be thankful. You should be |
| 381 | 01:08:36,359 --> 01:08:45,119 | thankful that they rigged these markets, because that presents the opportunity that as long as you're in sync with what it's likely to do next. Well guess |
| 382 | 01:08:45,119 --> 01:08:56,579 | what? There's a 90% likelihood that new traders will lose their money in the first 90 days or less. That's a statistic. But on the other side of their |
| 383 | 01:08:56,579 --> 01:09:05,369 | trades, there are people with lots of experience that know what they're doing. They're the winner of those losing trades that the losing crowd loses to. |
| 384 | 01:09:06,209 --> 01:09:15,089 | There's a buyer and seller for every trade. It's a net sum Zero game, but the game is rigged. There's no reason for you to be mad about it, start punching the |
| 385 | 01:09:15,089 --> 01:09:23,009 | air. That's the reason why that broker did. The broker didn't do anything to you unless you're trading Forex, because they they have individual liquidity pools, |
| 386 | 01:09:23,219 --> 01:09:35,999 | when you're trading futures. You're all getting the same price. That's the that's the it's a gentleman's market. Okay. If you want to be savage, you trade |
| 387 | 01:09:35,999 --> 01:09:45,569 | Forex, and when it's wild, it moves around. That's why I left futures because, you know, in 2000s, it was why we have really big wide price ranges and 300 pip |
| 388 | 01:09:45,599 --> 01:09:55,499 | range days on the on the regular. Well, that dried up and the market started getting real consolidated. So I went back to what I started with, which is index |
| 389 | 01:09:55,499 --> 01:10:09,539 | futures. I don't care if the s&p trades with a five I've handled day. And I said that correctly. I don't care if the s&p traded a five handle day, folks, that's |
| 390 | 01:10:09,539 --> 01:10:20,339 | exactly what we were looking at in the 90s. That that type of stuff in the early 80s and such, those days, that was like the normal, you don't have this wild, |
| 391 | 01:10:20,339 --> 01:10:32,399 | crazy volatility. It's great. Don't get me wrong. But if things got so slow and down to a snail's crawl in pace, that's okay. You can still do all those things. |
| 392 | 01:10:32,399 --> 01:10:43,169 | And there's very small little ranges. It'll just look like what the charts look like now, but the amount of movement will be much, much more condensed. And a |
| 393 | 01:10:43,169 --> 01:10:52,739 | lot of you aren't even prepared to trade in a market like that. Because you're so used in you're baptized and all this high volatility. When Forex shrank up, |
| 394 | 01:10:53,549 --> 01:11:03,509 | and all the pairs had smaller ranges, social media, it was constant bellyaching? I mean, when's the big day is coming Wednesday, but it's moving, folks. If you |
| 395 | 01:11:03,509 --> 01:11:13,829 | can get 10 handles or 10 pips from a price swing, that's good. What's wrong with that? What's wrong with if you just got five pips? Who cares that the range is |
| 396 | 01:11:13,829 --> 01:11:22,439 | really small, but you have to have your expectation calibrated to what the market profile is right now. That means we're in consolidation, I need to see |
| 397 | 01:11:22,439 --> 01:11:33,599 | what I need to see bonds leave, because bonds will qualify, whatever the dollar is going to do, I'm going to do a mirror image of it. So bonds broke lower. That |
| 398 | 01:11:33,599 --> 01:11:42,929 | means this is qualified as a break in market structure. And it shifted higher. Fair, right you got right there. Let's play devil's advocate and say for a |
| 399 | 01:11:42,929 --> 01:11:50,369 | moment, because this is a daily chart, and this is the dollar index, by the way. So if you're a forex trader, this is the goldmine that you want to be in. Okay? |
| 400 | 01:11:50,489 --> 01:11:56,699 | This is where you want to be mining these things from ICT, the things that you think is boring, other people say it's bullshit. This is the stuff that makes |
| 401 | 01:11:56,699 --> 01:12:03,779 | you wealthy. This is the stuff that finds constant consistency and continuity and trading longevity, you want to be around for a little while longer than a |
| 402 | 01:12:03,779 --> 01:12:16,169 | couple of months. Hopefully, it's this insight, this is the stuff that gets you there. Let's say that you saw this happen after the fact you were working, |
| 403 | 01:12:16,379 --> 01:12:26,609 | you're sleeping, you have a business you're running, just couldn't be in front of charts. And you saw afterwards, the day closes like this. The very next day, |
| 404 | 01:12:26,609 --> 01:12:41,429 | folks, the very next day, what do you think the bias should be for your analysis, bullish reaching for what that fear Vega, so between the 17th of May |
| 405 | 01:12:42,089 --> 01:12:56,309 | until we got to the first objective, which is that weekly order block here on this day here. So from the 17th of May to the 24th of May, that run here to hear |
| 406 | 01:12:57,179 --> 01:13:05,729 | that right there is a sell program in Europe. That means selling short. That means every day you're going in with a bias that go long in Euro it's also a |
| 407 | 01:13:05,729 --> 01:13:16,019 | bias to go long and POUND DOLLAR it's also a long or buy program for Aussie dollar it's also a long for New Zealand versus the US dollar. It is a short |
| 408 | 01:13:22,080 --> 01:13:32,010 | said that wrong? You like that? I made a mistake there. This is where I wish I could go back and edit the dollar is going higher. So it's a short in EURO |
| 409 | 01:13:32,010 --> 01:13:43,050 | Dollar short in POUND DOLLAR short and Aussie dollar short in New Zealand dollar because the dollar going higher. Okay. It would be a long in dollar yen. It will |
| 410 | 01:13:43,050 --> 01:13:54,930 | be a long in dollar Swiss. Okay, because we're looking at this the dollar index. So if it's going higher that range between here by this date, it's after the |
| 411 | 01:13:54,930 --> 01:14:09,090 | fair value get rid nearly put it on the chart. Yes, my obsessive compulsive is flaring right now. But sorry, it just shows on that Ayami mistake. It's |
| 412 | 01:14:09,240 --> 01:14:18,690 | extended, right, take that off. Okay, so there's a fair bit a gap. So after that forms the next day here until it gets to your premium array. Where's the draw on |
| 413 | 01:14:18,690 --> 01:14:31,020 | liquidity? Weekly order blah, what's the multiplier, if you're a swing trader, it needs to find support here. So that sets the stage for your swing trade. But |
| 414 | 01:14:31,020 --> 01:14:41,310 | as a day trader, you don't need that you're in there before that, which is why I don't do swing trades. I'm using the information I'm showing you here between |
| 415 | 01:14:41,820 --> 01:14:49,830 | this here the very next day and I apologize you hear my stomach because I'm fasting right now. The idea of expecting higher prices on Dollar Index every day |
| 416 | 01:14:49,860 --> 01:15:01,290 | until it gets this objective first here that sets the tone for a bias. That gives you your bias because that bias is derived from the news narrative that's |
| 417 | 01:15:01,350 --> 01:15:11,400 | being shown with higher timeframe, weekly and daily charts. Also inter market relationships, the bond market versus the dollar index and market profiling. So |
| 418 | 01:15:11,400 --> 01:15:19,320 | we are in a consolidation, we have a shift in market structure, how do we qualify that? The range that I told you that bonds were in? I said, Why is the |
| 419 | 01:15:19,320 --> 01:15:29,610 | market consolidating, go back and look at Twitter, I tweeted it, it's there, the bonds are in a range until the bonds leave that range, all markets will be in |
| 420 | 01:15:29,610 --> 01:15:43,410 | consolidation, because interest rates which makes the world go round. And then after that, that narrative is said, then we can have a bias. So the bias is |
| 421 | 01:15:43,410 --> 01:15:53,520 | bullish here for dollar bullish here. It's even bullish on this day, but not in the scheme that we would expect it to open an invite and go up, we're in that |
| 422 | 01:15:53,520 --> 01:16:01,890 | range. Now, that fair value gap. So what we would expect is to consolidate or retrace, and does it support the low end of that range and look at the body |
| 423 | 01:16:01,890 --> 01:16:15,960 | showing you that that's a signature that's algorithmic. So as a swing trader, you could use this day here as an entry, and then pyramid in here, for a run |
| 424 | 01:16:15,960 --> 01:16:26,700 | into that, using that implied dealing range in implied dealing range is not a dealing range like this, where it's we have a real high and a real low, those |
| 425 | 01:16:26,700 --> 01:16:37,710 | are actual, we're looking for a price run from this low up to this order block on the weekly chart. Until it does that that's an implied dealing range, we |
| 426 | 01:16:37,710 --> 01:16:46,290 | don't know if it's going there. Anything can happen, a bomb could drop somewhere, you know, you know, some kind of a hack that hits the markets, I |
| 427 | 01:16:46,290 --> 01:16:56,340 | expect that's going to be used in the future, by the way. But that run here that is a implied dealing reach, it has not really manifest yet. But we're seeing |
| 428 | 01:16:57,240 --> 01:17:07,350 | with anticipation, that that's where the draw and liquidity is the initial woman's here. So now let's go and add our fib to this, look, I know this stuff |
| 429 | 01:17:07,350 --> 01:17:22,020 | is amazing. And I can talk about this stuff all day long. Right? So right there, from this low to that high. What is the weekly order block, what I'm showing you |
| 430 | 01:17:22,020 --> 01:17:36,390 | there is the range, okay? It's an implied dealing range. If we have that, look at the levels I have here 7550, which is equilibrium, and 25. And then the |
| 431 | 01:17:36,390 --> 01:17:42,900 | here's the high the high of the run, which is Terminus that the end of the run, if you're going to use this as you're dealing with not that not the only means |
| 432 | 01:17:42,900 --> 01:17:53,880 | if your implied dealing range, that's where you think is gonna go. So before the candlesticks even form before they even form folks, you could have this in your |
| 433 | 01:17:53,880 --> 01:17:54,810 | chart like this |
| 434 | 01:18:00,240 --> 01:18:01,410 | it would look like this right here. |
| 435 | 01:18:07,890 --> 01:18:18,300 | Okay, say it's me and around like this and consolidation. And you need to start doing your analysis and think, Okay, what happens if we were to break lower in |
| 436 | 01:18:18,780 --> 01:18:33,900 | the pound, I'm sorry, if we were to break lower in the bond market, then that would give rise to the dollar index. High, Low if you're dealing range, weekly |
| 437 | 01:18:33,900 --> 01:18:44,340 | fair value gap. Okay, that sets this stage for if we're going to go higher, I'd like to see us remove this bearish stance that I hold on dollar during this time |
| 438 | 01:18:44,340 --> 01:18:53,460 | period. If it goes to here, and goes above it and treat it as support. I'm not bearish on dollar. Go back and listen to my reviews. It's there. I didn't, it |
| 439 | 01:18:53,460 --> 01:19:07,530 | wasn't word salad that was very specific. But because we have this range here, we can take the low up to that weekly order block. Let me take the fifth off and |
| 440 | 01:19:07,530 --> 01:19:14,040 | show you what you doing. This is what you could do here. And as some of you are brand new or much it's the first time you've seen this, oh, this is hindsight. |
| 441 | 01:19:14,700 --> 01:19:20,820 | Go back and look at the reviews folks, I was talking about those looking for happen. I didn't give you this much of a breakdown but I'm teaching you how to |
| 442 | 01:19:20,820 --> 01:19:30,660 | create a pricing. How to anticipate where the next setups are gonna form before they ever come into the chart. Forget supply and demand, supply and demand |
| 443 | 01:19:30,660 --> 01:19:43,020 | requires the candlesticks or ranges to be in the chart. I'm going to teach you where they will form before they will form where do setups form show me how to |
| 444 | 01:19:43,020 --> 01:19:50,640 | buy and sell Michael, where are these PD arrays that work? How does it look in a chart before it gets there? What should I anticipate how do i How can I trust |
| 445 | 01:19:50,640 --> 01:20:04,500 | this though? Okay, let's do some time travel. Whoa. Too high. That's Terminus we have 25% 50 plus sent in 75%, the range, we require bonds to do one or the other |
| 446 | 01:20:04,500 --> 01:20:16,170 | go up or go down and leave that range I showed you on its daily chart. It broke lower. Not yet. But now we have a goal that Michael Greif, we have a shift in |
| 447 | 01:20:16,170 --> 01:20:26,580 | market structure right there on the bond market, we qualified it with it going lower it left its range going lower. That's going to give momentum to the upside |
| 448 | 01:20:26,730 --> 01:20:39,150 | on Long's Not that that's driving price. But that's setting your mindset in motion for it, we're going to buy program for dollar. So right away, we can |
| 449 | 01:20:39,150 --> 01:20:48,900 | anticipate somewhere in here in this area, there's going to be some kind of accumulation, we consolidate here, and then we run. What does that make that |
| 450 | 01:20:48,900 --> 01:20:59,850 | right there? That's fair, right yet, right? Yeah, it's a fair bet you go. More specifically, it's a breakaway gap. What is it breaking away from it's breaking |
| 451 | 01:20:59,850 --> 01:21:11,250 | away from this consolidation. It has a shift in market structure. So this is your gap to trade. This is the gap that you use to qualify as a breakaway gap. |
| 452 | 01:21:11,280 --> 01:21:19,440 | And then trust is likely going to draw here, which is why I communicated to you. I said, we want to see this traded too, but I'm more interested in trading up |
| 453 | 01:21:19,440 --> 01:21:30,690 | above it and coming back down and find it as support, which makes it an inversion for Ivanka. Now, I know if you're new, this sounds like a whole lot of |
| 454 | 01:21:30,690 --> 01:21:39,060 | stuff, please just give me an overbought oversold indicator and a moving average the fall. That's okay. You're not ready for me. That that's all that it means. |
| 455 | 01:21:39,060 --> 01:21:46,200 | It doesn't mean that you can't learn this, it just means that you're not ready yet. Go watch somebody else. There's lots of other people that are insane. You |
| 456 | 01:21:46,200 --> 01:21:56,250 | tickle your ears. You want to learn how to read the markets and really know what to do come back here. 50% equilibrium look where the fair value got forms. |
| 457 | 01:21:57,120 --> 01:22:13,500 | Equilibrium. Oh, what do you think's significant about that 50% level. And why didn't that gap fully close. It's a measuring gap. That fair pay gap is a |
| 458 | 01:22:13,500 --> 01:22:24,960 | measuring gap this low this candle do not come to that candles Hi. We're seeing some context and narrative that just ain't in your books baby. That means we can |
| 459 | 01:22:24,960 --> 01:22:39,030 | anticipate this price run here to here to be duplicated to the upside. Meaning let's say we have this low is lower than that low and that low and relatively |
| 460 | 01:22:39,030 --> 01:22:47,190 | equal to that one. We don't need this low here, we want to see the energetic price run. That's this one here. So where does that root root price run begin |
| 461 | 01:22:47,700 --> 01:22:59,250 | that low right there. So if we take that and measure it up to the high of that fair value gap. Why that because that's the highest range. So you want to use |
| 462 | 01:22:59,250 --> 01:23:11,190 | that as your base point extended from there. And you're putting it right on that same I'll show you like what I'm doing a second reading one second. I'm taking |
| 463 | 01:23:11,190 --> 01:23:21,480 | that higher the fairway I got here's the low of the fear Vega. I've duplicated that. So we now are seeing a range that's projected to go above this gap. Which |
| 464 | 01:23:21,480 --> 01:23:35,370 | is why I was saying I want to see it go through it and then treat this gap as support. This was the draw. Now it does go through it. Here's the upper 25% of |
| 465 | 01:23:35,370 --> 01:23:46,710 | it. Okay, it comes back down immediate rebalance one day the way remember when I talked about immediate rebounds, it's that next day or the very next day after |
| 466 | 01:23:46,710 --> 01:23:56,670 | that, then you'll see the price right there it is goes into the weekly order block trades up into the daily order block and the weekly mean threshold or |
| 467 | 01:23:56,670 --> 01:24:10,110 | block trades all up into those levels. Each one of these targets okay, you're looking for price to continuously reach for them you don't want to think that |
| 468 | 01:24:10,140 --> 01:24:17,280 | okay, this is my first objective and once it trades they're gonna try to find new find some other stuff in another market. No, you want to stick with it? Does |
| 469 | 01:24:17,280 --> 01:24:24,360 | it continue to keep digging into that the next level it does. Okay, the last review I did I said okay, this is the level we're looking at next we want to see |
| 470 | 01:24:24,360 --> 01:24:35,550 | if it wants to reach up and then at one Oh 4.54 It did. Every time it was digging higher. I literally watched people on social media bitch about their |
| 471 | 01:24:35,550 --> 01:24:48,060 | long positions in Euro feeling. This is the reason why it kept going higher. If the dollar is gonna go higher, Euro is gonna fall it's gonna go lower. And then |
| 472 | 01:24:48,060 --> 01:25:02,040 | it drops from there down to some random level, which is me get this off here. Down close candle inside the way waterblocks weekly Fairbury got, which is now |
| 473 | 01:25:02,040 --> 01:25:12,450 | an inversion fairway gap. This is the treatment of it on the daily chart, it comes down hits it. Look at the reaction there. Do you think he could have took |
| 474 | 01:25:12,450 --> 01:25:21,510 | shorts in Eurodollar? On that right there in the last one to three days? Well, let's go over to euro dollar. Finally get the hell off of the dollar index and |
| 475 | 01:25:21,510 --> 01:25:32,580 | get to something that makes sense. We don't trade $1 round here, right. So here is the euro dollar. And this is the daily chart. And this is the immediate |
| 476 | 01:25:32,580 --> 01:25:42,150 | rebalance right here. On Euro. And this was the fair pay gap. I mentioned that we were drawn down into up here, we drew down into it. And then we rally one |
| 477 | 01:25:42,150 --> 01:25:54,210 | more time into this up close candle right here. That's a bearish order block. Oh, here we go with the hindsight folks Listen, your surgeon to cut on you did |
| 478 | 01:25:54,210 --> 01:26:03,540 | your surgery. Before he got his license. He was cutting on cadavers, that means dead people that came to you. So that's hindsight, if he's looking at something |
| 479 | 01:26:03,540 --> 01:26:14,550 | that is a safe, he doesn't want to do exploratory surgery on you while you're living and try to do new things. They have to do those things clinically, in |
| 480 | 01:26:14,700 --> 01:26:25,170 | cadavers, you bodies that had been offered to science for research. You need to go through these exercises yourself. Look at price action study, not just |
| 481 | 01:26:25,170 --> 01:26:36,720 | recently go back through all this stuff here. And that's what back testing is. It's not going into a Forex tester and testing the thing that that's a mock up |
| 482 | 01:26:36,720 --> 01:26:43,890 | forward test. Without live data. That's the stage you can include. Yeah. But when I say back testing, you're going through old moves and studying and |
| 483 | 01:26:43,890 --> 01:26:53,040 | breaking them down. That you're really going in and detail looking at what it's done. What would it didn't do, where you would have been stopped out and being |
| 484 | 01:26:53,070 --> 01:27:03,390 | honest about that? How much risk would have been incurred? Not using the best entry, use the worst potential entry, then does it pan out still? Okay, so |
| 485 | 01:27:04,980 --> 01:27:12,720 | here's the fair value gap potential we all gravitate to. And let's go back over the last few days here. Here's your order block here on your daily chart. Let's |
| 486 | 01:27:12,720 --> 01:27:15,030 | drop into a 60 minute chart. |
| 487 | 01:27:21,359 --> 01:27:29,129 | In this high, down to that low here, do you see anything that stands out? I'll give you a minute while I get a drink. |
| 488 | 01:27:37,649 --> 01:27:48,719 | But what did I just teach you about dealing ranges? You break the dealing range down. If we were seeing the Dollar Tree down into that inversion fair value gap |
| 489 | 01:27:49,499 --> 01:27:58,889 | on the daily chart, the inversion paramedic app is based on this weekly chart. That is a discount for the dollar, we could likely see it rally dollar rallied. |
| 490 | 01:27:59,219 --> 01:28:10,439 | That means that we're likely to see Euro dollar sell off. How can we anticipate that and where would it form? Here's your high down to that low right there. |
| 491 | 01:28:11,309 --> 01:28:22,079 | Where's equilibrium 50% Right here in close proximity, what do you see is a pdra that would be at that level or higher for a premium. You remember if we want to |
| 492 | 01:28:22,079 --> 01:28:33,539 | be short, the highest probability shorts are occurring in premium markets above equilibrium continuation pattern or continuation premium for selling short in a |
| 493 | 01:28:34,679 --> 01:28:50,639 | bear market it's been in a bear market for a while you can sell right at the 50 level. But specifically in a premium we want to see it get into this range. Here |
| 494 | 01:28:51,239 --> 01:29:07,049 | to here is premium. In that range between this low and that high where is the PDF array that the first one exists at a premium in that range from this high |
| 495 | 01:29:07,049 --> 01:29:17,249 | down to that low. When we when we retraced higher went into this area right here. It went to this fair Vega which is a sippy sellside unbalanced by some |
| 496 | 01:29:17,249 --> 01:29:32,219 | inefficiency. So if this is what you saw, congratulations you did it right. And it trades up into it here. dollar goes higher. Because its own it's in version |
| 497 | 01:29:32,219 --> 01:29:51,179 | for your Banco Eurodollar sells off. This area right in here also is running what? By stops. retail traders see this run here. In all this consolidation they |
| 498 | 01:29:51,179 --> 01:30:02,129 | see that as a bull flag. So they're thinking something like this. Euro Dollar has been going down for a long time it must have made a low In a see this right |
| 499 | 01:30:02,129 --> 01:30:11,249 | here as a flag pattern, you see how it's like a big flagpole consolidation. And they think if it can break above this high here, it will duplicate. It'll |
| 500 | 01:30:11,249 --> 01:30:27,239 | duplicate that same run oops. Once we break the high, they want to see it trade back up into here, or something that effect and I'm doing it very loosely |
| 501 | 01:30:27,239 --> 01:30:42,299 | because bull flags and bear flags are trash. But the the logic here is opposed to what a retail minded trader would say. And it's taking liquidity in it to |
| 502 | 01:30:42,299 --> 01:30:51,899 | account. That means the market went lower, we traded here and we started to move a little bit here, nobody in their right mind keyword would have trailed their |
| 503 | 01:30:51,899 --> 01:31:02,129 | stop loss on shorts to that, that level right there. But on this move lower, I promise you, every time they can hear you out there to trade Forex, because |
| 504 | 01:31:02,129 --> 01:31:10,709 | they're Ultra scared, they don't want to get stopped out. They don't want to have their profits erode any trailer stop loss too tight, and you knew him |
| 505 | 01:31:10,709 --> 01:31:20,339 | talking about your nod your head, they couldn't stop talking about me. There's liquidity above old highs and lows, that's one on one in terms of understanding |
| 506 | 01:31:20,339 --> 01:31:30,959 | where markets gonna reach for liquidity. But if you can see that liquidity and pair it with some retail minded idea that would be opposed to what I'm teaching |
| 507 | 01:31:30,959 --> 01:31:42,209 | you. Where I'm teaching you how smart money, sees price and engages it. I'm teaching what the algorithm does. So the algorithm will deliver price above this |
| 508 | 01:31:42,209 --> 01:31:53,009 | high to take into account for BizStats being brought to the marketplace, there's market orders are now buying at the market, which is what smart money will offer |
| 509 | 01:31:53,009 --> 01:32:06,389 | shorts to the marketplace at that same time. Were in what price range in this fair value gap. Where would be the opposing draw on price, once it went into it |
| 510 | 01:32:06,389 --> 01:32:18,089 | right above this high here is the bicep so trades there, which is the opposite of what we saw dollar doing at this moment right here. Dollar Index. See, right |
| 511 | 01:32:18,089 --> 01:32:36,179 | at 2am on Thursday, Tuesday, June sixth, okay, 2am, the dollar index was making that low here on the fair value go. See that. So it's a mirror image. So you're |
| 512 | 01:32:36,179 --> 01:32:42,929 | qualifying setups, not just on the basis of you see it on your chart, you're trading, you have to use some intermarket relationships that would say the |
| 513 | 01:32:42,929 --> 01:32:50,159 | opposite. For instance, if we're trying to go short on Euro, you want to see something that would constitute a long in dollar. If you can't really see it in |
| 514 | 01:32:50,159 --> 01:33:00,659 | dollar that's opposed to your cable trade, which is POUND DOLLAR or fiber, which is euro, USD, whatever you're trying to do on your forex pair, it needs to be in |
| 515 | 01:33:00,689 --> 01:33:12,929 | a setup that will be opposing in the dollar. If it's a forex pair that has a currency other than the dollar in the first of its name. If we see this setup |
| 516 | 01:33:12,929 --> 01:33:21,749 | here, that's potentially long for dollar, which is we're trading in that fair value gap. If we're expecting prices to go high for dollar, we would look for |
| 517 | 01:33:21,779 --> 01:33:35,069 | pairs that begin with US dollar in their name like DOLLAR YEN, dollar Swissy, those pairs would mirror what Dollar Index is doing, which is go higher. But |
| 518 | 01:33:35,069 --> 01:33:46,589 | because the dollar is likely to go higher here, and Eurodollar being inversely related to it, it's going to go lower, but it's not randomly does go into some |
| 519 | 01:33:46,589 --> 01:33:57,569 | level and starting some new mystery as to why it was gonna go lower. It's what I'm teaching you this range, the algorithm refers back to it. So it only needs |
| 520 | 01:33:57,569 --> 01:34:06,839 | to go up to equilibrium slightly higher. So we measure that with the 50 level. That's the only thing I'm using the Fibonacci for. I'm not using Fibonacci for |
| 521 | 01:34:06,869 --> 01:34:18,839 | entries. I'm using Fibonacci for premium and discount range delineating a specific range to know where a setup should likely form. But in that range, what |
| 522 | 01:34:18,839 --> 01:34:20,759 | range specifically it's this |
| 523 | 01:34:26,220 --> 01:34:39,150 | there somewhere in that portion of this price leg lower. I'm gonna look for a premium array well which ones exist we have the fair value gap here. Man I |
| 524 | 01:34:39,150 --> 01:34:53,130 | should have charged money Good grief. This is I could have made easily $100,000 on this. I'm being facetious folks relax. So that's, that's the first one. |
| 525 | 01:34:53,160 --> 01:35:06,090 | That's your first premium array using month force lessons on the pdra matrix. So what's the next one? are all down close candles back and forth price action. So |
| 526 | 01:35:06,120 --> 01:35:15,900 | all of this right here, this is balanced. We've had lots of up and down movement in here. And then we go back to the high. So we had an order block, which is the |
| 527 | 01:35:15,900 --> 01:35:25,290 | last of close candle with the highest close. So it would be the opening price that would be delineated there. Why would it need to go there? It doesn't. |
| 528 | 01:35:25,860 --> 01:35:40,980 | Because it's shielded by all this up and down movement. There's no inefficiency. None, zero. So what pdra? Do you use that one? Which did the market use that |
| 529 | 01:35:40,980 --> 01:35:53,130 | one? What time of day? Did it occur? London kill zone? Two o'clock in the morning? That's what I teach you. What's the opposing draw on liquidity? Okay, |
| 530 | 01:35:53,130 --> 01:36:00,150 | so you got this much, right? How do I know where price is going to go to next, Michael? Because that's what you're all wondering. Whenever I tell you |
| 531 | 01:36:00,150 --> 01:36:11,940 | something's going to happen is okay, here it is, folks. You know, it panned out, invariably. Folks will come out and say, All right, what's next? They want me to |
| 532 | 01:36:11,940 --> 01:36:22,680 | get it wrong. They want me to get it wrong. And say Ha, ha, you had 9000 times in the recent that you got it right. But look what you just did you missed on |
| 533 | 01:36:22,680 --> 01:36:35,010 | this one, buddy. You're a fraud scammer. You can't win with some people. But if you're looking at that as liquidity here, okay, and we're at equilibrium or |
| 534 | 01:36:35,010 --> 01:36:45,870 | higher, that means we are truly over bought, there's no indicator required to see that. You don't need to put a wanes percent or up, you don't need to put a |
| 535 | 01:36:45,870 --> 01:36:54,240 | stochastic up, you don't need CCI, you don't need a MACD. The only difference though, this chart is only showing you ranges being measured, which is what the |
| 536 | 01:36:54,240 --> 01:37:06,240 | fib is, and then looking for inefficiencies or liquidity. And I draw that out on the chart so that we you can see it, it gives you like a visual eye candy, that |
| 537 | 01:37:06,270 --> 01:37:15,150 | your attention is focused on a specific area on a chart. And then I go in and talk about what that is that way you can see it and understand how to use it |
| 538 | 01:37:15,150 --> 01:37:25,380 | going forward. So at this moment right here, if in fact the market does go higher to take the buy stops here, and just trade into a short term premium, |
| 539 | 01:37:25,380 --> 01:37:35,100 | which is relative to this the selling range high in that low. You can hopefully you guys can see this run from this high down to that low prior that |
| 540 | 01:37:35,130 --> 01:37:44,430 | retracement, this is a significant price swing, like I'm not looking at like this little thing here to hear that I'm not concerned about that. I want to |
| 541 | 01:37:44,430 --> 01:37:56,400 | focus on intermediate term price runs. Regardless of whatever time frame I'm looking at, my eye goes to specifics. In price action, I'm not just taking every |
| 542 | 01:37:56,400 --> 01:38:10,740 | little micro price swing I'm looking at from here to here. Maybe from here to here. But from here to here. Absolutely. And whenever I see these ranges, what |
| 543 | 01:38:10,740 --> 01:38:19,350 | on the weekend or in the morning, I'll go through my charts before the kill zones or before the sessions begin. And I'm doing this with all the ranges that |
| 544 | 01:38:19,350 --> 01:38:30,600 | are salient, which is new daily, four hour, an hourly and 15 minute. So I'm looking all the potential dealing ranges that the market may refer back to. And |
| 545 | 01:38:30,600 --> 01:38:38,730 | then I weigh out whether or not like I just did with this price run here from high to low. How many PD arrays are there? So you think, because I've taught you |
| 546 | 01:38:39,990 --> 01:38:57,060 | the propulsion block, fair value gap, institutional order for entry, drill, bear, shoulder block, vacuum block all those things. You're thinking, Okay, |
| 547 | 01:38:57,060 --> 01:39:09,780 | which one do I use? Here's a perfect example, which occurred in that price run just the fair value gap. That's all and it only needs to go up to this level |
| 548 | 01:39:09,780 --> 01:39:20,670 | here at the same time it went down to its fair value gap on $1. dollar went down to a discount it's bullish your went up to a premium bearish time of day two |
| 549 | 01:39:20,670 --> 01:39:30,540 | o'clock. What's the candle here? What's the time it's always local time New York, your your trading you chart should always be set to New York. That's the |
| 550 | 01:39:30,540 --> 01:39:42,330 | time that the algorithm runs on. I don't care what anybody else is. Okay. This is the way it's coded. So it reports one time on duty at two o'clock in the |
| 551 | 01:39:42,330 --> 01:39:57,360 | morning after hitting this then price is allowed to run. Higher, higher, higher, higher than in two o'clock. Off to the races. Boom. What's it gonna reach for? |
| 552 | 01:39:58,140 --> 01:40:13,170 | How do I how do I target I'm Ron like that. Where does it go to next? Well, one of the buy side here. And I'm willing to inefficiency. Here. It's in a premium |
| 553 | 01:40:13,560 --> 01:40:23,010 | above 50%. And the dollar is looking to go higher. It's in a short term discount, it's in a fair value gap. Nothing says the dollar top. I don't try to |
| 554 | 01:40:23,010 --> 01:40:32,220 | pick tops. I'm trading in the meat middle. You don't need the precision highs and the precision lows, you don't need that. You choose to try to avoid that |
| 555 | 01:40:32,220 --> 01:40:40,800 | when you're using higher timeframe charts. Try to avoid picking tops and bottoms on higher timeframe charts, you absolutely can pick tops and bottoms in lower |
| 556 | 01:40:40,800 --> 01:40:51,120 | timeframe charts, because they're going to behave subordinate to the higher timeframe. What I mean by that, if we're bullish on weekly and daily charts for |
| 557 | 01:40:51,660 --> 01:41:08,730 | dollar, it's real easy to nail down right to the pit short term lows at key times or kills and $4 index intraday. It's just using these types of tools here. |
| 558 | 01:41:10,500 --> 01:41:22,860 | But if you're going short here, and you you're looking for the opposing drawn liquidity, that's this low right there. What, what's the reason behind that? |
| 559 | 01:41:23,580 --> 01:41:33,270 | What would be at that low of any importance? And why would it want to revisit that low because it was a sharp rally here. This induces traders to go long. The |
| 560 | 01:41:33,300 --> 01:41:42,780 | pattern that they formed here is a pseudo bull flag, I teach that in the core content, where do fake bull flags occur in this situation like this, and what I |
| 561 | 01:41:42,780 --> 01:41:52,890 | teach in the core content, it only goes up enough to validate the buyers own breakout on a buy foot bull flag. But it only really goes up to where I teach |
| 562 | 01:41:52,890 --> 01:42:05,070 | you the algorithm sees this area right there. It runs above that short term high here and then because it took buy stops in to the marketplace Smart Money Smart |
| 563 | 01:42:05,070 --> 01:42:18,600 | Money. Smart Money goes short here. So they're selling short here at the buy stops. So two things are being accomplished here. |
| 564 | 01:42:33,270 --> 01:42:45,300 | Vega premium, it trades up into and takes the buy stops or buy side liquidity right there this high. So your chart would look like this for annotation |
| 565 | 01:42:45,300 --> 01:42:47,220 | purposes and it's for your journal entry. |
| 566 | 01:43:02,760 --> 01:43:13,320 | And I mean this is awesome. You're all thinking I wish I would have known this stuff two years ago six months ago. I know. So those BizStats that Vitalik has |
| 567 | 01:43:13,320 --> 01:43:33,270 | been purged. So if smart money is selling to those buyers what are they trying to get out at but this count your eye goes right to where retail will be trying |
| 568 | 01:43:33,270 --> 01:43:44,970 | to be fortifying for protecting their position we'll be resting below that low sell side |
| 569 | 01:43:52,530 --> 01:44:06,780 | don't a clinic today. Give me a thumbs up if you want me to do one of these everyday this week. Except for Friday. Okay, I got plans on Friday. If you want |
| 570 | 01:44:06,780 --> 01:44:21,870 | to see me do this every day, this week, live on YouTube. teach you stuff that will knock your socks off. Thumbs up this video or this livestream. Like that's |
| 571 | 01:44:21,870 --> 01:44:36,120 | pretty fair request. So the market drops precipitously and goes right to where the sell side liquidity is. See that. Now, what you want to study is because we |
| 572 | 01:44:36,120 --> 01:44:47,160 | have that gap, this old gap here, that's a daily let's go back to the literature real quick. That's this February gap right there. Okay. Because we're inside |
| 573 | 01:44:47,160 --> 01:45:01,440 | that range. And we're here. We have a gap that's outside of it. You see that here? We have that right there. And we have this Up Close candle right there. So |
| 574 | 01:45:01,440 --> 01:45:08,040 | that's a, this is a bearish order block. And it's also right in the middle of that shaded area, which is the daily fair ready to go. So this is consequent |
| 575 | 01:45:08,040 --> 01:45:23,400 | encroachment, essentially right there. So in my mind, if we want to take this low here out where another level sellside would reside? How I'm doing that, in |
| 576 | 01:45:23,400 --> 01:45:33,060 | case you're wondering, I highlight it by clicking it, when they have the little balls on each end. You go anywhere where the ball isn't. And you hold down |
| 577 | 01:45:33,060 --> 01:45:43,620 | Control and drag it away from it, create, duplicate, and then drag this over, hold down, shift and make your line straight. I learned that from my students. |
| 578 | 01:45:43,950 --> 01:45:52,500 | So I'm very appreciative that I Oh, every time I do a live stream, or do a video, and people watch me do things on TradingView, I always get emails, |
| 579 | 01:45:52,770 --> 01:46:03,600 | messages or whatever saying, Here's a tip for trading view. And I love that thank you so much. So you'd be watching this. Here's your order block. |
| 580 | 01:46:09,569 --> 01:46:20,309 | And I would want to see it stay below this candle, more specifically using that level here. But if it trades above this candle here, I will be sitting still on |
| 581 | 01:46:20,309 --> 01:46:31,289 | Euro. I'm not saying it's a short. But for me, if it wants to go lower, it would need this, see that candlestick, keep it at bay and not trade back to the high |
| 582 | 01:46:31,289 --> 01:46:40,409 | in the fairway government daily chart, it doesn't need to do that. Because if it does, it means something altogether something else. And it's not a trading |
| 583 | 01:46:40,409 --> 01:46:48,359 | environment for me to do if I was looking at it that way. And it's already fulfilled a role here, it took by stops, and then sell stops. So in my mind, it |
| 584 | 01:46:48,359 --> 01:46:58,619 | can consolidate. But if it wants to go lower, it would need to stay in the lower half of this shaded area right in here. Okay. All right. So that is the business |
| 585 | 01:46:58,649 --> 01:47:14,879 | on that. I talked about breakaway gaps I talked about Peter a matrix and how you shouldn't be worrying about which PD array you trade the one that the market |
| 586 | 01:47:14,879 --> 01:47:25,079 | gives you. Not all of my PD arrays are going to exist in every price run. I mean that that's that's an epiphany right there for some of you. Because you think |
| 587 | 01:47:25,079 --> 01:47:35,609 | that every single one of those PDA arrays exist in every fractal of price action. It doesn't. So when I'm looking at price, and the people that don't like |
| 588 | 01:47:35,609 --> 01:47:44,309 | me, or they sell something, they they view me as a competitor. They try to derail your studies and put nonsense about me out there and make up lies and new |
| 589 | 01:47:44,309 --> 01:47:52,169 | whatever. Photoshops tough. They can't erase the fact that I'm calling it before it happens. And he can't erase the fact that my students are now making fortunes |
| 590 | 01:47:52,169 --> 01:48:02,009 | with it with real money in leading the pack and profitability. So we are the cult of profitability. You want to be a cult member, sign up every day and |
| 591 | 01:48:02,009 --> 01:48:07,679 | study. Okay, it's free. You don't have to give me a PayPal payment. You don't have to give me your credit card number. You don't have to do any of that stuff. |
| 592 | 01:48:07,799 --> 01:48:17,009 | I don't run discord channels. I am not teaching you crypto. If anybody says anything that I'm touching crypto, they're fraud. They're a scammer. I am not |
| 593 | 01:48:17,039 --> 01:48:23,429 | doing any of that. I'm not running some private little area drawing people in you're never going to hear me say want to join my private mentorship for money. |
| 594 | 01:48:23,699 --> 01:48:39,059 | If they're telling you that I am offering that that's not me. Drop it. Don't do it. I'm not charging you. I'm doing I'm gladly doing this. I'm enjoying this and |
| 595 | 01:48:39,059 --> 01:48:47,279 | it doesn't cost you anything but your attention and then you have to study it after we spend time together. So I've covered what I want to cover here on |
| 596 | 01:48:47,969 --> 01:49:04,049 | forex, but let me just drop into cable real quick. I haven't looked at her for a while. Okay. Yeah, I would have preferred the Euro over cable cable doesn't have |
| 597 | 01:49:04,049 --> 01:49:15,689 | all that much clean run in here is to muddy, muddy meaning it's got like a small little gap here. Another gap here. And I don't like that. It's not as clean and |
| 598 | 01:49:15,719 --> 01:49:27,539 | obvious. Now. Take a look at this chart in this area here. Okay, look at this area here on cable. Which pound the versus US dollar POUND DOLLAR. Look at that |
| 599 | 01:49:27,569 --> 01:49:40,469 | and compare it to Euro. I'll toggle back and forth for a second. You see how obvious that is? That that gap really stands out and it's singular one. One of |
| 600 | 01:49:40,469 --> 01:49:55,559 | them versus same area. Look you're looking at cable chart. Gap gap. What's cleaner price action? Euro so if I were trading last night in london session, |
| 601 | 01:49:55,949 --> 01:50:05,249 | which one would I have traded I would have traded Euro I would have been not taking any trade and cable, even though people did in fact run lower, it didn't |
| 602 | 01:50:05,249 --> 01:50:13,319 | go down to take out it sell side because it only needed to go down into this imbalance here. And that's where we saw trade too. So I wouldn't touch cable |
| 603 | 01:50:13,319 --> 01:50:29,189 | here. But Eurodollar last night was really nice. And let's take us into a weekly chart. And let's look at EA s. And then bring this discussion today to a close |
| 604 | 01:50:30,089 --> 01:50:37,589 | eye now I know can you make it one of those four hour sessions? Nah, not really. Because if I'm gonna do this every day, I want to kind of preserve my voice. |
| 605 | 01:50:39,149 --> 01:50:48,449 | Alright, so here is the business on the weekly chart for E Mini s&p. So for all you diehard Forex folks that don't think you're ever gonna learn anything from |
| 606 | 01:50:48,449 --> 01:51:01,529 | me by teaching Forex concepts in ES trading, because it's not limited to just Forex in my stuff that I teach in. Yes, I must specifically stated, it's price |
| 607 | 01:51:01,529 --> 01:51:15,479 | delivery. So smart money, concepts, SMC, that's my work. These are my creations, this is my stuff. If you want to learn how to do this, I'm showing you it |
| 608 | 01:51:16,439 --> 01:51:30,509 | doesn't have barriers by asset. It's not limited. So because my focus has been primarily on index futures. All of the all the teachings obviously are being |
| 609 | 01:51:30,509 --> 01:51:39,809 | seen in this medium or asset, it doesn't mean that it can't work in forex, or that it stopped in forex, it just means that my attention is in this market |
| 610 | 01:51:39,809 --> 01:51:50,369 | here. Alright, so now, think about what we were talking about in relationship to the bond market. Okay, now we're gonna take a little bit of a step back. And |
| 611 | 01:51:50,369 --> 01:52:00,239 | think if the bond market is signaling that it wanted to go lower recently out of that range, and I'll, I'll take you back to that chart in a second when we get |
| 612 | 01:52:00,239 --> 01:52:14,669 | to the daily chart of E Mini s&p. But that bond market moving lower, sets the tone for a market that will see movement, because we left a range in bonds. So |
| 613 | 01:52:14,669 --> 01:52:28,289 | therefore, all other asset classes are free to move. They're free to move. And they leave the consolidation. So once we are in that profile, and the profile |
| 614 | 01:52:28,289 --> 01:52:39,629 | being, we're in a trending environment, not consolidation, we're in trending. That means that price swings can now evolve in allow daily charts to start |
| 615 | 01:52:39,629 --> 01:52:49,319 | booking, sustained runs, not just intraday volatility only, and that's your that's your, you know, cuisine you have to eat from, it's a little bit more of a |
| 616 | 01:52:49,319 --> 01:53:00,269 | sustained price run, when the bond markets are trending, if the bond market is consolidating, that is a true testimony to anticipate consolidation in your in |
| 617 | 01:53:00,269 --> 01:53:11,099 | your specific market, whether it be bonds or whether it be index futures, whether it be Forex, is a precursor to tell you what type of environment we are |
| 618 | 01:53:11,099 --> 01:53:21,569 | in. From a macro stance, it does not mean that you can't make money within that or outside of it only, it just means that from a market profiling stance that I |
| 619 | 01:53:21,569 --> 01:53:32,879 | call profile, it's not the volume profile, where you see all these little horizontal volume you indicators and such. None of that is necessary V Whap is |
| 620 | 01:53:32,879 --> 01:53:42,539 | not necessary. Level two data not necessary. In all those price action. junkies that use the ladders, you're on the right side, it looks cool on it, say nice |
| 621 | 01:53:42,539 --> 01:53:51,509 | stuff flashing around, it's distracting, you don't need that. Everything you need is in the chart, a time based chart will give you everything you'll be able |
| 622 | 01:53:51,509 --> 01:53:59,789 | to forecast where and when they're going to form in there, guys, those folks are waiting for something. They needed to do those levels. And sometimes they don't |
| 623 | 01:53:59,789 --> 01:54:10,229 | work when I'm teaching you how to anticipate where and when these things will form. And by doing it over time, you desensitize yourself to the uncertainty |
| 624 | 01:54:10,259 --> 01:54:17,909 | where it's paralyzing fear right now you're like, I don't know what I'm doing. This is so complicated. Go slow. There's nobody I'm not telling you. You should |
| 625 | 01:54:17,909 --> 01:54:24,419 | be trading with real money in your first year. So why are you insisting that you should? This because everybody else out there is doing it. You don't know how |
| 626 | 01:54:24,419 --> 01:54:34,439 | long they've been studying. You don't know how long they've worked very hard. And nobody comes out here. You Johnny on the spot. First time never failed. And |
| 627 | 01:54:34,469 --> 01:54:44,039 | as a superstar nobody, nobody has ever done that. Okay? They've always had some measure of learning that's required and some are faster than others and give |
| 628 | 01:54:44,039 --> 01:54:51,929 | yourself permission to the grow at your own pace. I'm not grading you on your speed at which you find continuity and consistency. So don't you do it either. |
| 629 | 01:54:53,129 --> 01:55:04,769 | Now, we are make sure I'm looking at the weekly chart from weekly chart on E s E Mini s&p. When we are down here in this gap here, I said, we're going to look to |
| 630 | 01:55:04,769 --> 01:55:13,439 | trade up into this volume and balance was the shaded area in white. The volume imbalance is the opening on this candle here. And the closing on that candle |
| 631 | 01:55:13,439 --> 01:55:27,719 | here. There's no body by any candlestick. Ever since that formation there until this candle in this candle, which was last week in the week prior. Notice that. |
| 632 | 01:55:28,259 --> 01:55:38,849 | So this was the draw on liquidity. And then I said inside of you want to see the real sweet spot would be that little separation right there. This separation |
| 633 | 01:55:39,359 --> 01:55:45,089 | there with the blue lines, that my friends is a real liquidity void. |
| 634 | 01:55:46,710 --> 01:55:59,340 | That's an absence of any trading, new book, price, no delivery, no trades were engaged, no stops were taken, no entries were given. There's no trading between |
| 635 | 01:55:59,340 --> 01:56:08,340 | those two price points. So while this was enough for the draw, which is the volume imbalance, because we only had this little wick between this closing |
| 636 | 01:56:08,340 --> 01:56:16,680 | price and this opening price, my I jumped to that. And you can see the other one that I'm looking for. If we continue on the upside, it's here. That's where I |
| 637 | 01:56:16,680 --> 01:56:26,220 | see it right here. That same thing, this right here look like that here. When we were down here, I said, Watch this fair value gap in this order block the |
| 638 | 01:56:26,220 --> 01:56:34,710 | opening price extended now, don't take my word for it, I have it in recording, go look at it on a YouTube channel, I do not delete tweets, I do not change |
| 639 | 01:56:34,710 --> 01:56:45,120 | anything on my videos, once they're up there, you can't edit them. They're there. So we did in fact draw higher. Now here is one of those things that |
| 640 | 01:56:45,150 --> 01:56:59,100 | making a lot more sense for the diehard students here that really want to know what it is that makes price behave a specific way. Bonds move lower. Now the |
| 641 | 01:56:59,100 --> 01:57:11,610 | consolidation freeing up the markets to behave in a manner that's trending, causing dollar to go higher. Dollar going higher is what risk on or risk off. |
| 642 | 01:57:13,320 --> 01:57:26,730 | Risk off, meaning foreign currencies go lower. Meaning that the rallies in equities, while they still can manifest and materialize, they're going to be |
| 643 | 01:57:26,730 --> 01:57:36,090 | held at bay, they won't be explosive types of runs, they're usually going to be like that keep on creeping higher, small, little retracements creep in higher |
| 644 | 01:57:36,120 --> 01:57:46,350 | even. So that's profiling. That's market profiling, understanding the behavior of how price will deliver. Now, let me make a distinction and contrast it with |
| 645 | 01:57:46,350 --> 01:57:58,920 | something like this. Let's say for instance, that we did not need to come back up to here, say, Oh, this didn't exist as a volume imbalance. And we didn't have |
| 646 | 01:57:58,920 --> 01:58:18,570 | this gap here. Okay. Then E Mini s&p, NASDAQ Dow could accelerate lower in shorts. But because it is being manipulated heavily, the stock market should not |
| 647 | 01:58:18,570 --> 01:58:27,750 | be where it's at Folks, I'm gonna be honest with you, this thing should not be here. But I have to follow the breadcrumbs that the algorithm is laying out |
| 648 | 01:58:27,750 --> 01:58:36,330 | there. That this is what the smart money entity that people out there and it's not making video courses and not on YouTube or not on Twitter and on island TV |
| 649 | 01:58:36,360 --> 01:58:44,490 | talking heads. They're not after telling you what to do with your money because they're out there actively fleecing large funds. They're trading against them. |
| 650 | 01:58:44,730 --> 01:58:55,020 | They're their Counterparty. They're the people that are inside the measurement of net set net trader position chart. When you see the large traders, when they |
| 651 | 01:58:55,020 --> 01:59:08,880 | are trading, they're opposed to them. They're providing the liquidity. That's smart money. And they're constantly in a dance with large funds constantly. You |
| 652 | 01:59:08,880 --> 01:59:18,240 | learn how to place your stop loss with the same logic that they do. And that's why you fall victim to it. So while smart money is not out there looking for |
| 653 | 01:59:18,240 --> 01:59:30,480 | your one micro lot on forex, or your mini contract in s&p, they don't see you they don't see your one contract that you're trading, okay. They don't see your |
| 654 | 01:59:30,480 --> 01:59:40,560 | micro contract your your little tiny, insignificant anything. They're not looking at you. They're looking at the large pools of liquidity that large funds |
| 655 | 01:59:41,010 --> 01:59:53,790 | bring to the marketplace and just like a large fishing boat that drags a net. Okay, they're out there trying to catch fish. But sometimes these innocent |
| 656 | 01:59:54,450 --> 02:00:03,420 | dolphins and sea turtles get caught up in that net. You're that dolphin indoor sea turtle You just are a casualty of an event that's going to happen whether |
| 657 | 02:00:03,420 --> 02:00:16,620 | your stop was there or not. So they're not out there to get you. They're out there to get the large fish. And if you're in the wake, are in close proximity |
| 658 | 02:00:16,890 --> 02:00:27,060 | to where they are, you're getting scooped up in that net, too. So it's imperative that you understand how they go after that crowd of large liquidity. |
| 659 | 02:00:27,990 --> 02:00:38,820 | And you have to learn how to navigate certain markets are going to behave in a behavior. That is explosive sometimes. And other times it's just something you |
| 660 | 02:00:38,850 --> 02:00:49,710 | you just can't, you shouldn't be fighting it. We've been calling es higher. We've been looking for these very specific levels in it delivered like |
| 661 | 02:00:49,710 --> 02:00:59,850 | gangbusters. I told you that MQ or NASDAQ was the stronger to the upside. Why didn't you do all your trading in the NASDAQ, because I'm teaching that if you |
| 662 | 02:00:59,850 --> 02:01:13,560 | use one medium, one market, you can use even the stronger market to trade this slower market in sympathy, it will move with it, meaning look at NASDAQ NQ M |
| 663 | 02:01:13,560 --> 02:01:26,010 | 2023. On the weekly chart, which one was more explosive? Clearly NASDAQ, you were told that NASDAQ was the stronger one to the upside. So the six SR is what? |
| 664 | 02:01:26,700 --> 02:01:49,830 | Yes. So ES will move slower. It'll still go higher. But this imbalance over here strongly and quickly reached to four MQ back to ES we have made and made its way |
| 665 | 02:01:49,830 --> 02:02:02,670 | up to that respective imbalance this volume and bounce. See that? Still, es has moved higher. But it does what performs lethargically. As I told you, it would |
| 666 | 02:02:02,670 --> 02:02:11,820 | because MQ was stronger. I'm teaching you visibility, I'm teaching you how even if you were only following ES and you never wanted to touch the NASDAQ because |
| 667 | 02:02:12,030 --> 02:02:26,220 | NASDAQ is a little bit wider, it's thinner. And because it's thinner, it moves faster. It runs for liquidity faster, because there's less contracts in close |
| 668 | 02:02:26,220 --> 02:02:36,900 | proximity to market price. So it will quickly run farther away, it will run 100 handles faster than es well. It doesn't need much to do 100 handles in NASDAQ, |
| 669 | 02:02:37,320 --> 02:02:44,970 | which is why you shouldn't be doing a lot of contracts in ignorance, not knowing what you're doing. That thing will roast you rip your face off and cremate you |
| 670 | 02:02:44,970 --> 02:02:55,710 | right there and we stand. But I can teach you how to find when it's going to be an outperformer. Sometimes NASDAQ will be lethargic, and it'll be reversed ES |
| 671 | 02:02:55,710 --> 02:03:03,180 | will outperform it. Somebody that's new or recently started trading, they would think there's no way they'd like that. Listen, I've been around him for 30 |
| 672 | 02:03:03,180 --> 02:03:11,730 | years, I've seen it. But that know what it's going to do beforehand. That's visibility. That's experience, you're learning that you experienced that real |
| 673 | 02:03:11,730 --> 02:03:23,130 | time with me over the last few weeks. The benefit is now knowing what it did, you can see that we have tools of concepts, I have logic that can be transferred |
| 674 | 02:03:23,130 --> 02:03:33,300 | to you and your understanding. And you can take that going forward. And also to relieve the people that are new. And when they hear me say just follow es |
| 675 | 02:03:35,190 --> 02:03:43,830 | they're not upset because es didn't perform. Now, if you're looking at saying you told me to follow you, yes, I'm studying. Yes. And even though you did say |
| 676 | 02:03:43,830 --> 02:03:53,190 | NASDAQ was going to be the upside leader in stronger, I'm studying ES. And I'm regretful because I could have took live trades before you showed up and made |
| 677 | 02:03:53,190 --> 02:04:01,140 | money in NASDAQ. You're a jerk, you're terrible mentor. Well, that's a student that's not really trying to learn that somebody that knew is going to look for |
| 678 | 02:04:01,140 --> 02:04:11,460 | fault in anything external. Apart from them. The reason why they didn't make make money or more money is because of somebody else. The reason why they lost |
| 679 | 02:04:11,460 --> 02:04:19,890 | money is because somebody else calls that they're never going to be responsible. And you have to be responsible. You are in the driver's seat. Nothing I tell you |
| 680 | 02:04:19,980 --> 02:04:27,930 | should be a reason for you to press a button to get in risk real money. Nothing, not one thing, which is why sometimes I'll say like I mentioned when the |
| 681 | 02:04:27,990 --> 02:04:36,360 | senators were all given telephones ahead of Memorial weekend, I said anything happened folks, don't bet the farm on it. Be careful, because I know there's a |
| 682 | 02:04:36,360 --> 02:04:43,350 | small group of you and probably larger than I realize that are taking what I'm saying and going out there and trading with with real money. So I want to remind |
| 683 | 02:04:43,350 --> 02:04:52,410 | you, there are real risks here. I'm never painting this in, you're gonna get rich. I'm never doing that. But I'm teaching you and promising you that you're |
| 684 | 02:04:52,410 --> 02:04:58,590 | going to read price action better than any book course are educators ever going to take you to. They're never going to get this they're never going to get like |
| 685 | 02:04:58,590 --> 02:05:10,230 | this. There's so many facets to this stuff that helps you become a freak, a precision freak. And when you are understanding the markets to this degree in |
| 686 | 02:05:10,230 --> 02:05:21,870 | this depth, there's no reason you never are scared. You're never fearful, you respect the risk that the markets provide an offer many times, but you're not |
| 687 | 02:05:21,870 --> 02:05:30,120 | paralyzed by uncertainty, you know exactly what you're looking for, you know what you're going to wait for. And when it forms, you take the trade, you take |
| 688 | 02:05:30,120 --> 02:05:36,060 | the entry, you know, what your stock is going to be, you know what your first partial, you know, your second partial, and what your target is going to be. |
| 689 | 02:05:37,740 --> 02:05:46,320 | Your not worrying about it. Because you understand yourself, and you understand what the markets likely to do, because you've been studying it with great |
| 690 | 02:05:46,320 --> 02:06:00,300 | detail, not just Oh, me watch a couple videos of ICT, I got this lick, let's go. Now. That's not how this works. So yes, we had a real gap here. And that was |
| 691 | 02:06:00,300 --> 02:06:09,840 | where I took your attention to very specifically, look, here, that's gonna be the draw. imbalance, if you're right, you got rallied right in there. So in |
| 692 | 02:06:09,840 --> 02:06:21,600 | between here, and here, let's do the same thing we just did. There's our low. That's where our price point started. Up to here. |
| 693 | 02:06:28,920 --> 02:06:40,650 | In that run right there. You can go into the lower timeframes. For your own homework, I'm not going to do it here. This is for your study, from here to |
| 694 | 02:06:40,650 --> 02:06:50,040 | here, on your fib, let me help you also on this, some of you are probably saying, can you open up your settings, you read my mind, here's what my |
| 695 | 02:06:50,040 --> 02:07:06,450 | Fibonacci settings are. Okay. So I'll leave that up here for a second so you can get it. And these levels down here, to 0.25 and 0.75, with zero point 50, that |
| 696 | 02:07:06,450 --> 02:07:15,840 | is gonna give you your gradient levels for grading a price swing, which we're gonna go into next. Okay, but on the lower timeframes, like one minute and five |
| 697 | 02:07:15,840 --> 02:07:27,570 | minute charts, look at that range, around the 25, I'm sorry, for around the 75, the 50 and the 25, respectively. And see if you don't see my PD eraser |
| 698 | 02:07:27,750 --> 02:07:41,670 | manifesting there. We have this run down here. Same thing, you're gonna do this for homework, from this low up to the high of that gap right there. That's the |
| 699 | 02:07:41,670 --> 02:07:54,030 | draw. So if you're a swing trader, or a short term trader, or a day trader working within this profile, trying to find Long's, where do they form? Price |
| 700 | 02:07:54,030 --> 02:08:05,550 | wise, it's around this gradient, the 50% and the 25%, go into your lower timeframes. I could make this a five hour long video, which I don't want to do. |
| 701 | 02:08:05,850 --> 02:08:14,880 | But I promise you, if you go into your lower timeframes, you're gonna see these levels. There's PDAs, and setups that form their study that, okay, this will |
| 702 | 02:08:14,880 --> 02:08:24,090 | help you see algorithmic price delivery, and that you can anticipate them where everybody else out there is waiting for something. They ask you a question, |
| 703 | 02:08:24,090 --> 02:08:43,830 | okay, for folks that trade market profile and trade with V whap. Where's the lock going to be on Thursday at 10am? Right. I can tell you where price is going |
| 704 | 02:08:43,830 --> 02:08:53,490 | to be. And then I have elements in time that I use where I know they're both going to meet. See, you're a victim. You're a casualty to uncertainty. And you |
| 705 | 02:08:53,490 --> 02:09:01,260 | have to wait around for something to react to. Just like an overbought or oversold, you can't do anything until that overbought or oversold indicator |
| 706 | 02:09:01,260 --> 02:09:10,050 | tells you you can't do anything directionally until your MACD says it's sloping down, or it's sloping up. I don't have that. My students don't have that. And |
| 707 | 02:09:10,050 --> 02:09:18,300 | when I talk to you this way, I'm not trying to be arrogant. I'm not trying to be condescending, I'm telling you, what I'm doing is lightyears ahead of everything |
| 708 | 02:09:18,300 --> 02:09:26,790 | that you're doing right now. That's why when my results are being shown to you, it looks like cherry picked. But what do you do with when I'm doing it with |
| 709 | 02:09:26,790 --> 02:09:36,660 | weekly charts now and daily charts, and it's delivering? How many things that I say in addition to this, that didn't happen, that it was only this? And I say |
| 710 | 02:09:36,660 --> 02:09:42,840 | these types of things so that what people that are on the fence that listen to these goobers that just don't like the fact that I'm doing this for free, and |
| 711 | 02:09:42,840 --> 02:09:52,800 | I'm that good. They want to take your attention away from it. And I'm trying to be respectful to them because I could let me go ahead and smash all of them. But |
| 712 | 02:09:52,800 --> 02:10:02,850 | I don't want to do that. That's not why I'm here. I want to leave in November. On a high note a good news where it's I'm not adversarial to anybody. And I want |
| 713 | 02:10:02,850 --> 02:10:10,200 | even the people that don't like me and never selling other courses. I want them whether they openly say they did it or not, you can secretly add all the stuff |
| 714 | 02:10:10,200 --> 02:10:18,480 | I'm teaching. If it makes their product better, that makes them better, and it makes their patrons better. That's all I care about. I don't want to hurt |
| 715 | 02:10:18,480 --> 02:10:28,800 | anybody. I don't want to make anybody you know, lose their business. Okay, I want to help. That's all I'm doing this work. I love it. I enjoy it. And I'm |
| 716 | 02:10:28,800 --> 02:10:36,810 | passionate about it. And it's not limited to the people that liked me. I have a lot of people that are long term followers that were haters, I mean, in the |
| 717 | 02:10:36,810 --> 02:10:45,480 | beginning. So let's go into a lower timeframe discussion on es, let's go down into a must this has dropped down to four hour. |
| 718 | 02:10:55,410 --> 02:11:09,390 | So here's that daily discount, fair value got in the market rallied consolidated, work inside of this imbalance into this breaker. We have a low, |
| 719 | 02:11:09,840 --> 02:11:25,020 | high lower low last up close candle extend that in the future. It's here. It's here. My eyes don't look at it. See? I'm not sure if that one hit to it. So hit |
| 720 | 02:11:25,020 --> 02:11:39,300 | to here multiple times. Okay. Now, this breaker is not a supply and demand zone. Okay. Sam Sidon and those who follow Him. If they were to see that as a demand |
| 721 | 02:11:39,300 --> 02:11:53,040 | zone, okay. Now it's no longer fresh. It's definitely stale bread. Now. It's a it's a croutons. They would never use that logic. Okay. My PD arrays, as long as |
| 722 | 02:11:53,040 --> 02:12:04,410 | the narrative stays, in fact, looking for higher prices. These PD arrays can be reused. Okay. Their their sponsorship doesn't expire, simply because it's traded |
| 723 | 02:12:04,410 --> 02:12:16,440 | to it before. We're in a large consolidation here by side here, the market rallies up creates another area of equal highs, it drops back down. Where's it |
| 724 | 02:12:16,440 --> 02:12:29,370 | dropping down into inefficiencies here? And look real close. See that right there? What is that? What is this little thing right there? I'll give you a |
| 725 | 02:12:29,370 --> 02:12:30,720 | second to think about it. |
| 726 | 02:12:46,439 --> 02:12:56,609 | What did I tell you es was going to do? Go higher, right? up into that gap. That's it, this two blue lines are up here. Okay, that real liquidity void, |
| 727 | 02:12:57,149 --> 02:13:05,939 | which is the highest portion of that volume imbalance on the weekly chart. So if the market is going to gravitate up to there, we're not looking for shorts, |
| 728 | 02:13:05,939 --> 02:13:14,669 | folks. So we wouldn't look at this as a rally up into it to go short. We want to see that. So if we can see it, go above it, and close above it, and it says it |
| 729 | 02:13:14,669 --> 02:13:23,819 | on this candle here. But we're on a four hour chart. So it's definitely going to do a close on an hourly chart or a 15 minute chart, but we're going to just do a |
| 730 | 02:13:23,819 --> 02:13:37,829 | top down this fair value gap would be treated the same way I told you, I would want to see the dollar index fair value gap to be an inversion field. That means |
| 731 | 02:13:37,829 --> 02:13:48,989 | that we see it go above it and then treat it as support. Look at the bodies of the candles. That's the narrative. That's the the real story is in the bodies. |
| 732 | 02:13:49,229 --> 02:13:56,969 | The wicks do the damage. Yes, we worked through it. But look where it closed. We traded down look at the bodies close right there. That's consequent |
| 733 | 02:13:56,969 --> 02:14:05,909 | encroachment. It's the midpoint of that gap right there. Here, I mean, make it nice and obvious. |
| 734 | 02:14:11,310 --> 02:14:25,020 | So 4182 and a quarter. The open on this is 4182 and a quarter. Oh, look at that. Now you're going to tell me you're gonna argue with me. Okay. Dollar Menu |
| 735 | 02:14:25,020 --> 02:14:34,920 | mentor, going to tell me that that's buying and selling pressure that this happened to make that line up? Exactly right. They're really, really, I'm sorry. |
| 736 | 02:14:35,130 --> 02:14:45,120 | I'm sorry that nobody told you in books before me. I'm sorry that you can't find it on your own. I'm sorry. But you have it now. So stop wrestling with me. You |
| 737 | 02:14:45,120 --> 02:14:53,250 | guys. You make arguments against me. When I'm telling you something that works phenomenally in how these markets really book price |
| 738 | 02:15:00,599 --> 02:15:11,219 | inversion for your bag. If you ever have an inversion fair value gap, and here's for your notes, folks. I was gonna save this for the book, but I'll give it here |
| 739 | 02:15:11,219 --> 02:15:22,919 | today. If you have an inversion, fair baguette like that. And you have a fair value gap that's just below that level inside of your dealing range, meaning you |
| 740 | 02:15:22,919 --> 02:15:35,009 | have this low to the high. This inversion fair value got, we would want to see it trade through that because we're bullish by side. This later on, we don't |
| 741 | 02:15:35,009 --> 02:15:44,519 | know that's going to form yet because we're here. It rallies through it. We expect ICT tell me how to know when the fair value gaps shouldn't close in. |
| 742 | 02:15:44,669 --> 02:15:55,289 | Here's one of those signatures inversion fair value gap. All this area should stay open for a portion of it should stay open. Okay, it's not worth it would |
| 743 | 02:15:55,289 --> 02:16:08,639 | look like this. This is what you would anticipate as a fair value gap. Some of you would see this entry in this shaded area here. So my students would see this |
| 744 | 02:16:08,669 --> 02:16:20,249 | as their multiplier, meaning that they would go long when price dropped into it right there. Other students would see this and say, Okay, I want to see it. Show |
| 745 | 02:16:20,249 --> 02:16:33,719 | me proof. With the bodies respecting either consequent encroachment or the high of the fair value go. Is there any body closing at the high? No, we do have a |
| 746 | 02:16:33,719 --> 02:16:43,139 | body close right here on this candle at the consequent encroachment. As soon as it does that, we now can trust that this area here should not be traded down |
| 747 | 02:16:43,139 --> 02:16:54,959 | into technical science baby take notes, take notes, Goldman Sachs, okay, this is the real shit. So this ROM here goes for what it takes out the buy side |
| 748 | 02:16:54,959 --> 02:17:02,999 | liquidity. Now folks that just simply watch one of my videos and they see the relative equal highs and relatively close that we like to target. We don't look |
| 749 | 02:17:02,999 --> 02:17:12,899 | at this as we can trust this as a short, typical retail idea. We want to see something that's going to be at a later time uses along to go right back there |
| 750 | 02:17:12,899 --> 02:17:21,149 | and target those individuals. So this area here would be a buy side liquidity pool |
| 751 | 02:17:48,960 --> 02:17:57,810 | Okay, so there'll be a first partial, if a student would use this entry on this fair pay gap, they could they could use this as what specifically what kind of |
| 752 | 02:17:57,810 --> 02:18:13,500 | entry would that be? Ready to hear what entry would that be institutional order for entry drill, meaning that you're only leaving it to go to that level or just |
| 753 | 02:18:13,500 --> 02:18:21,960 | below it, of this fair value gap trusting because we have an inversion of a gap here, that's gonna support price if we get a signature showing that either one |
| 754 | 02:18:21,960 --> 02:18:35,190 | of these conditions occur, a body closes at the high or closes at the consequent corrosion as soon as that happens. As soon as that happens. The algorithm will |
| 755 | 02:18:35,220 --> 02:18:47,460 | immediately spool and go the other direction in aim for delivery to the upside going after by side or in an inefficiency above old highs by sides here did it |
| 756 | 02:18:47,460 --> 02:18:58,470 | look like it wanted to go in a hurry higher? I mean, my chart looks like this as yours looks like that. It drawls to this area here right in here and then what |
| 757 | 02:18:58,470 --> 02:19:07,260 | do we get? Open immediate rebounds. Bang hits it if you get an immediate rebounds. You know where it's gonna go? I told you weeks ago that was going to |
| 758 | 02:19:07,260 --> 02:19:19,080 | go up here. It's on YouTube. It's in Twitter. It's all over the place. We were going long we were focusing on Long's Long's bullish buying long. Were to right |
| 759 | 02:19:19,080 --> 02:19:32,760 | here. Right up here. Immediate rebalance. Even though we took out by side here, guys out there trying to teach fu candles. There are no fu candles. Okay? That's |
| 760 | 02:19:32,760 --> 02:19:40,680 | not my stuff you want to pretend is a mythological creature at Dakota if you candle it's your business. But they'll say okay, well this is running up here. |
| 761 | 02:19:40,710 --> 02:19:51,600 | Now it stops. Now it's going to sell off. No. How do you know when it's going to take out relative equal highs and reverse or when it's gonna keep continuing |
| 762 | 02:19:52,140 --> 02:19:59,940 | when you have a higher timeframe PD array that has yet to be traded to so I'm not going to look at these equal highs being traded to and reject and go lower. |
| 763 | 02:20:00,330 --> 02:20:11,820 | That's just a partial. And I'm holding on looking for higher prices and running in, you know, higher prices still. Now, what happens if it trading like this on |
| 764 | 02:20:11,850 --> 02:20:22,410 | going into a Friday, or Thursday, and we're getting into this area here, but doesn't quite get to the high, it could wait until the next week's Monday, or if |
| 765 | 02:20:22,410 --> 02:20:31,410 | it's a holiday into Tuesday, okay, wherever we open up that all these things have to be weighed out when you're reading in our trading is not to simply get |
| 766 | 02:20:31,410 --> 02:20:46,680 | in there and just hold over the weekend, because over over the weekend, there's enormous gap risk. Gap risk is the likelihood of a opening that is unfavorable |
| 767 | 02:20:46,710 --> 02:20:56,340 | to your position. For instance, say you're long, and you're up at handles in a position you're holding for as it could open up where you're now only up 40 |
| 768 | 02:20:56,340 --> 02:21:06,390 | handles. Or, in better scenarios, it can open up and now you're up 120 handles right from the opening. And if you get something like that, you should just take |
| 769 | 02:21:06,390 --> 02:21:12,870 | your profits there. Because it's likely to come in and closing that gap. And you don't know, because you're probably just now learning, you don't know if it's |
| 770 | 02:21:12,870 --> 02:21:22,860 | gonna fill that gap and continue higher, or close that gap, sputter higher, a little bit, and then Korean lower even still. So there's lots of things that you |
| 771 | 02:21:22,860 --> 02:21:34,440 | have to know. And by the long drawn out boring stuff I'm teaching you, and giving you all that experience in my dialog, that you haven't encountered the |
| 772 | 02:21:34,440 --> 02:21:46,440 | reason for requiring that or leaning on the necessity of having that information in the beginning. Most of you have no idea. So and that's why that that effect. |
| 773 | 02:21:46,440 --> 02:21:54,900 | If you watch my videos multiple times, it feels like you're watching a brand new video, when you're paying attention. It sounds like I didn't hear him say that |
| 774 | 02:21:54,900 --> 02:22:01,620 | the first time when the video is the same one. But now it's more meaningful to you because you're now trading, or you're doing back testing, he had more |
| 775 | 02:22:01,620 --> 02:22:09,720 | experience and you're like, oh, that's why he said that. Now I understand it. You can't just watch my videos one time. And I promise you, that is not a reason |
| 776 | 02:22:09,720 --> 02:22:16,890 | for you to run my ad revenue up, okay, I don't care if you watch my videos, I really don't. I only put them up there. And I'm not taking them down when I stop |
| 777 | 02:22:16,890 --> 02:22:24,420 | in November. It are there to keep people from wanting to buy it from jokers out there trying to sell it because they're still trying to they're on my YouTube |
| 778 | 02:22:24,420 --> 02:22:32,340 | channel stopped trying to fish around for the videos, the videos that you need are those. And I'm teaching you even more my charter members, the people that |
| 779 | 02:22:32,340 --> 02:22:39,510 | pay me, they're in the audience right now learning just like you are and the things I'm talking about right here. They've never learned that they've never |
| 780 | 02:22:39,540 --> 02:22:54,660 | learned this. This is all fresh right from the oven of ICT and it's not in your books. So let's go into let's go into a 15 minute timeframe. And I'm going to |
| 781 | 02:22:54,660 --> 02:23:09,000 | miss you too. But you will have plenty of things to study on. I'm going alright, so we have here's today Tuesday, Monday. Okay, so Monday, Monday was the day we |
| 782 | 02:23:09,000 --> 02:23:24,360 | traded up into the high end of that gap on the weekly chart. Okay, the gap is defined by this level is the high and this level is the low. Okay? And all |
| 783 | 02:23:24,360 --> 02:23:39,000 | through here. See how we ran up in here. This is all Non Farm Payroll, garbage. This is trashy delivery. Then we rally CLE fell short of that gap on the weekly |
| 784 | 02:23:39,660 --> 02:23:52,890 | chart. It didn't get a little bit here and then careened all the way back down into this down close candle. And then back and forth, back and forth. Open down |
| 785 | 02:23:52,890 --> 02:24:06,780 | one more time. This low rate there is constant encroachment, or just below it of this wick. Then it wrong. Rally strongly up into the low that weekly got in and |
| 786 | 02:24:06,780 --> 02:24:19,380 | trades up to consequent encroachment or midpoint of that range high and low of the weekly gap. So think about it like this. You're playing the game horseshoes. |
| 787 | 02:24:21,690 --> 02:24:34,410 | In the US, we have a game that we take two steel posts that are more metal poles and we beat them down on the ground. And we have real horseshoes and you stand |
| 788 | 02:24:34,410 --> 02:24:47,460 | over there and you got typically two horseshoes of a player and you try to toss the horseshoe and try to get the ring around that that the metal post. Think |
| 789 | 02:24:47,460 --> 02:25:00,000 | about your trades and where you're trying to see price go to Okay, whether or not you get that horseshoe on that post or not is irrelevant. You're aiming for |
| 790 | 02:25:00,000 --> 02:25:11,340 | Ready to go to that post. So you're tossing horseshoes in that vicinity with the expectation that it's going to get a ringer. Okay. A ringer in this case on that |
| 791 | 02:25:11,340 --> 02:25:20,130 | gap would be getting to the high, which is what we see at trade two on Friday. But is it a losing trade if you got long and you got out in here and left it |
| 792 | 02:25:20,640 --> 02:25:31,260 | thinking that okay, it might not trade. You know, Friday's afternoon session into that high, you might leave it till the next week. I don't think it would be |
| 793 | 02:25:31,260 --> 02:25:40,080 | a losing trade. I don't think it'd be a losing trade at all. And if you stick with that narrative, that as long as you're tossing trades in with the |
| 794 | 02:25:40,080 --> 02:25:49,620 | expectation that the direction you're aiming your horseshoes or your trades, or you're trying to take partials, you're trying to reach for these levels to get |
| 795 | 02:25:49,770 --> 02:26:07,350 | paid that you don't need a ringer to be profitable. That this is the right expression in your equation for success or failure. You think success is only if |
| 796 | 02:26:07,350 --> 02:26:21,120 | it goes to the target you called for. That's not true. Success is making money. Success is being profitable, how profitable you got more money in your pocket |
| 797 | 02:26:21,120 --> 02:26:31,140 | than you had last week. You have more money in your account than you had yesterday. That success. It's modular, long term consistency, or longevity in |
| 798 | 02:26:31,140 --> 02:26:42,330 | trading is long term profitability that will absolutely have periods of drawdown where you're losing trades. And that's okay, you limit your risk cut your |
| 799 | 02:26:42,330 --> 02:26:50,010 | business's size in half each time you take a loss and you try to get 50% of the previous loss you got. And when you get that they can go back to a little bit |
| 800 | 02:26:50,010 --> 02:27:00,810 | higher risk, a little bit higher risk. going slow in the beginning is important. But keeping the proper perspective and what you're looking for in price action. |
| 801 | 02:27:00,990 --> 02:27:09,780 | Where is it going? How should you expect price to deliver? I've covered all that today. I covered how how price should deliver I showed you where it was gonna go |
| 802 | 02:27:09,810 --> 02:27:21,330 | I told you specifically where I was gonna go weeks ago. And we got to here Friday. Now is it okay, I'm gonna 15 Is it |
| 803 | 02:27:31,200 --> 02:27:48,510 | today, let's go into Thursday Friday Okay, so here's curtain current New weak opening gap. Very small, little tiny little opening gap |
| 804 | 02:27:55,020 --> 02:28:09,450 | due to gravity back to it. Yes. New week opening gaps are like that little post in the game of horseshoes. You don't need it to be a ringer. But it's your |
| 805 | 02:28:09,540 --> 02:28:18,660 | everybody in smart money is aiming for that. Okay, we're consolidating, consolidating, consolidating and then we broke lower trapping traders going |
| 806 | 02:28:18,660 --> 02:28:27,990 | short. Why? Because they think it's gone up too long. It has to be going lower. So sell side has been taken. They trap traders short rallies, small little gap |
| 807 | 02:28:28,230 --> 02:28:39,660 | trades down into here. But we gravitate back to that new weak opening gap. Go back over here. You see this little section of price action here. If this stays |
| 808 | 02:28:39,690 --> 02:28:52,350 | open, and we take out that low, then we're going lower until that I'm staying bullish on as simple as that. Very simple, right? It's not complicated. It's not |
| 809 | 02:28:53,040 --> 02:29:05,940 | you know, making something bloated with too many moving parts. You don't need this level and then your pricing what is that level? To be honest, I don't |
| 810 | 02:29:05,940 --> 02:29:16,500 | remember off the top my head what it is. I don't have notes next to me. So the the low the gap and the higher the gap here and new week opening gap |
| 811 | 02:29:27,600 --> 02:29:46,680 | Alright, so your third was it Thursday, Friday, good. Friday, post nonfarm payroll. We have a gap in here if we're bullish. Okay, if we're bullish. Are we |
| 812 | 02:29:46,680 --> 02:29:58,020 | looking for premium fair value gaps to sell short term? Hopefully you've been watching this live stream close enough to know that that's not what we want. So |
| 813 | 02:29:58,050 --> 02:30:10,140 | how do I know When to anticipate a fair value gap to perform as an inversion fair, Vega, you have to have narrative. Where are you? Are you looking for |
| 814 | 02:30:10,140 --> 02:30:23,880 | bullish or bearish? Is the market has the market traded to your higher timeframe draw on liquidity. That's this, here, that's that gap on the weekly chart. So if |
| 815 | 02:30:23,880 --> 02:30:25,860 | we see a gap like this here |
| 816 | 02:30:33,750 --> 02:30:34,350 | or here |
| 817 | 02:30:41,250 --> 02:30:53,700 | everybody else would see that as a return into that, let's go short and go lower. Now, if we see things like this, that already should tell you no, because |
| 818 | 02:30:53,700 --> 02:31:04,770 | this drop down here was this good sell stops taken, and either put traders short, or take them out of their lungs, then we have a market structure shift |
| 819 | 02:31:04,770 --> 02:31:13,680 | here. We have a gap here. And I love seeing gaps that would look like some kind of a change of color. |
| 820 | 02:31:22,350 --> 02:31:23,040 | Alright, so |
| 821 | 02:31:28,500 --> 02:31:40,080 | we have this gap in here. That gap, when it trades up into it there, if you are just a casual viewer, Netflix and chill type of ICT student, you're gonna get |
| 822 | 02:31:40,080 --> 02:31:47,220 | tripped up, and you're gonna be like the Joker, I just blocked on my YouTube channel that was posting stuff saying this stuff doesn't work. It only works |
| 823 | 02:31:47,220 --> 02:31:57,480 | sometimes. This is nonsense. Folks, listen, okay, if you can't make it work. That's where it stops where you can't make it work. You haven't done enough |
| 824 | 02:31:57,480 --> 02:32:07,650 | study to learn it yet. But it's always there. The silver bullet is every day. In the times I've told you. And the things I'm teaching with market structure |
| 825 | 02:32:07,650 --> 02:32:18,570 | shifts and draws on liquidity, which is the most paramount lesson. That's the thing you need to know. Up in here. halfway point, consequent growth between the |
| 826 | 02:32:18,570 --> 02:32:30,060 | high and the low of that weekly got. Think about that analogy I just gave you with the game of horseshoes. Okay. midpoint is a real good target. Real good |
| 827 | 02:32:30,060 --> 02:32:42,360 | target. Best a perfect ringer would be at the high end. But we're consolidating in here. And we closed on Friday right around here. So we're consolidating at |
| 828 | 02:32:42,360 --> 02:32:54,390 | 430. What's the likelihood of that getting up into the high the close that gap in very, very low? Very, very, very low, because we're going into the close and |
| 829 | 02:32:54,390 --> 02:33:05,490 | we're going into the Friday close. So they're going to leave that portion open in traded in Monday and or Tuesday. So you would stay bullish until it hits this |
| 830 | 02:33:05,490 --> 02:33:19,770 | level. Then once it happens, you go neutral. You sit still not what do we do next? What do we trade next? You trade sidelines, that wins all the time. You |
| 831 | 02:33:19,770 --> 02:33:28,080 | can't lose money on the sidelines. That is a position. Not trading is a position, not being long not being short neutral on the sidelines, no risk |
| 832 | 02:33:28,080 --> 02:33:35,670 | incurred. That is a position in it always, always is profitable. It means you have the same amount of money in your account and the day ends that you had when |
| 833 | 02:33:35,670 --> 02:33:43,710 | you started out why it's such a hard thing for people to sit still, they always have to be doing something because day trading is everyday trading to them. And |
| 834 | 02:33:43,710 --> 02:33:57,060 | it's not to a professional. It's not, it's absolutely not. So when you see things like this, and you anticipate that a fair value gap would become a |
| 835 | 02:33:57,060 --> 02:34:08,280 | inversion fair value gap. weaning, we would, we would want to see price. Trade above, come back down in and then rally. We want to see that. And if we don't |
| 836 | 02:34:08,280 --> 02:34:20,280 | see that, we do nothing. Because the bullish narrative that we're holding see in your mind, or in my mind, we fell short of that low of the gap on the weekly |
| 837 | 02:34:20,280 --> 02:34:28,950 | chart, which is this level here. And this is where I'm thinking price is going to gravitate towards. It's going to go up there. So all smart money's doing is |
| 838 | 02:34:28,950 --> 02:34:39,060 | keeps throwing horseshoes until it gets up in this area here. Every retracement every discount is an opportunity for a high frequency trading algorithm to go |
| 839 | 02:34:39,060 --> 02:34:55,560 | long. What do I have to say? Yes, every single short term discount pdra is utilized by high frequency trading algorithms to go long, and then throw their |
| 840 | 02:34:55,560 --> 02:35:04,740 | orders into this abyss up in here in this area up here. because that inefficiency, that the average bear, the average trader shouldn't say bear, |
| 841 | 02:35:04,740 --> 02:35:12,210 | because I'm not saying difference to bullish or bearish. But the average person, the average trader doesn't think like I'm teaching you, they're not even aware |
| 842 | 02:35:12,210 --> 02:35:19,170 | of that volume imbalance. They weren't even looking at that. They're arguing with me. Why are you looking at gaps when the trade wouldn't trading during that |
| 843 | 02:35:19,170 --> 02:35:27,840 | time? It wasn't the front month contract, blah, blah, blah. That's exactly the reason why it works. Wake up. What are you doing armwrestling me when I'm |
| 844 | 02:35:27,840 --> 02:35:35,280 | telling you what works, and it happens. But I don't agree with this. So therefore, let me argue about it. Instead of saying, Well, this shit works. Let |
| 845 | 02:35:35,280 --> 02:35:44,610 | me just keep doing what he's shown. That's what I'm trying to convey. But it's like, there's a number of you that don't want to learn. You want to argue you |
| 846 | 02:35:44,610 --> 02:35:51,180 | want to debate. I'm not here to fucking debate, I'm here to show you how to make money and get the fuck out of dodge in November, I'm getting back to enjoy my |
| 847 | 02:35:51,180 --> 02:36:00,840 | life. But you're wasting time all this nonsense of arguing and saying this doesn't work. That doesn't work. Because you did five examples. Casually, you |
| 848 | 02:36:00,840 --> 02:36:09,360 | gotta put your your self in front of these charts and really dig into it. You have to really make an effort to learn this. And give yourself permission to |
| 849 | 02:36:09,360 --> 02:36:20,010 | note is going to take you longer than you probably thought. But there are people out there that are absolutely murdering it. Murdering it. They've never made |
| 850 | 02:36:20,010 --> 02:36:28,710 | this kind of money in their life before ever. And they had the same thoughts that you're holding right now. What if I can't do it? What if I can't make this |
| 851 | 02:36:28,710 --> 02:36:40,410 | work for me? I've done all this study. What happens if I fail? What happens if you just keep going? Because that's what happened for them. They did the work, |
| 852 | 02:36:40,440 --> 02:36:47,250 | they stayed at it. They didn't talk themselves out of it. They let other people on the internet, talk them out of it. You roll your sleeves up, say you know |
| 853 | 02:36:47,250 --> 02:36:54,540 | what this stuff works. It only feels complicated right now because I'm brand new. And now I'm going to sit down and be disciplined. I'm going to put myself |
| 854 | 02:36:54,540 --> 02:37:11,790 | in there and show myself that I can do this. Okay. The rage right now is the funded accounts of 50. Was it $150,000 funded accounts. Okay. Trading. Let's say |
| 855 | 02:37:11,790 --> 02:37:19,650 | for instance, let's play devil's advocate for a moment. Okay. Let's say for instance, that you've done the work, you spend the full calendar year doing |
| 856 | 02:37:19,650 --> 02:37:28,200 | everything I tell you to do. I mean, think about it, some of you are in college, or you went to college, you submitted to four years of bullshit 90% of the |
| 857 | 02:37:28,200 --> 02:37:36,690 | things you learned in college, you don't even use in your career. That's just the truth. Okay, I don't care where you are. The fact that you were willing to |
| 858 | 02:37:36,690 --> 02:37:44,460 | put that much time into something and probably paid for it. And probably still paying the the loan payments that you can't even file bankruptcy for if you go |
| 859 | 02:37:44,460 --> 02:37:53,580 | broke, you are having to pay that. Whether you're doing that job or not. All that effort and time that you were willing to put yourself through for four |
| 860 | 02:37:53,580 --> 02:38:01,920 | years with no certainty that you're even going to love what you're going to school for. If you don't love the opportunity that these markets present, don't |
| 861 | 02:38:02,070 --> 02:38:15,720 | touch on. Don't trade, don't learn to trade, don't do it. If you are not 100% convinced that this is for you. Do not touch these markets, period. Don't let |
| 862 | 02:38:15,750 --> 02:38:24,690 | anybody entice you into thinking that you can learn your easy blackbox this that knows that. If you're not absolutely convinced that this is for you do not go |
| 863 | 02:38:24,690 --> 02:38:39,540 | any further stop, you will save so much pain, misery, probably money. If you're not 100% convinced that this is what you see yourself doing. Don't touch it. |
| 864 | 02:38:40,740 --> 02:38:51,390 | Because you can't be lukewarm half the s go on here and think I'm gonna try to dabble with it dabbling, always get your fingers burned. You're gonna lose |
| 865 | 02:38:51,390 --> 02:39:00,690 | money. You're gonna make money if you stay with it long enough. But it's always going to be a give and take. You're never going to be perfect. You don't have to |
| 866 | 02:39:00,690 --> 02:39:09,360 | be perfect. You just need to be profitable. And I teach with a demo account to desensitize yourself about being right or wrong. No other mentor out there |
| 867 | 02:39:09,360 --> 02:39:17,820 | stands out there championing the fact that it's demo, but everybody else has to sell shit. They have a problem with me because they think that that reduces the |
| 868 | 02:39:17,850 --> 02:39:27,090 | efficacy. What does I do and teach and my students are making fucking money with it? What would you do if you made $300,000? In the last three months, you think |
| 869 | 02:39:27,090 --> 02:39:35,100 | that you would believe anything anybody else has to say about what you're doing? That would be contrary to it. So maybe you ain't gonna give a shit. You ain't |
| 870 | 02:39:35,100 --> 02:39:43,470 | gonna care what anybody says. Nobody in your family, nobody at your job. Nobody that you know, nobody on the internet is ever going to be able to talk you out |
| 871 | 02:39:43,470 --> 02:39:51,750 | of what you have now masked for yourself. And that's a skill set that you carry with you. As long as the days are long, and you can breathe and your mental |
| 872 | 02:39:51,750 --> 02:40:01,320 | faculties are there. You have that skill set. Nobody can take it from you. No, Dottie. And you're not gonna let some time thicker hair. The only internet tell |
| 873 | 02:40:01,320 --> 02:40:08,970 | you don't do that. It's a scam. When you're seeing people being interviewed by funding companies, I don't own these fucking companies. I have no affiliation |
| 874 | 02:40:08,970 --> 02:40:15,600 | with none of them. And they're all saying that the number one group of traders that are making money at their places are my students. That should be your |
| 875 | 02:40:15,600 --> 02:40:21,780 | testimony right there. If you've ever been sitting on the fence and thinking, Should I do this? Should I put the effort in? These people are convinced they |
| 876 | 02:40:21,780 --> 02:40:37,230 | did the right thing. These funded companies love my students, they love them. Who's next? Who's next? You sit down, you learn a skill set. Okay, you learn a |
| 877 | 02:40:37,230 --> 02:40:46,230 | skill set. You get comfortable in yourself, you're not recklessly trying to go out and take a trade. One of the questions that came up that when we covered, |
| 878 | 02:40:46,350 --> 02:40:57,390 | how do I know when I can go for a funded account challenge, when should I transition into life on trading? minimum expectation, and threshold is for you |
| 879 | 02:40:57,390 --> 02:41:09,000 | to be completely devoid of any kind of bubbly feeling when you're when you do it, right. And you made money in your demo, or whatever. If you don't feel any |
| 880 | 02:41:09,000 --> 02:41:20,520 | kind of emotion, like it's just, I've been doing this for months, it's the same stuff. I don't feel any attachment to the outcome, I don't care that it was |
| 881 | 02:41:20,520 --> 02:41:24,780 | right. I don't care that it was exactly like I expect it to. |
| 882 | 02:41:26,430 --> 02:41:34,410 | If you're not in a rush to do something every single day, look at the live streamers on YouTube, they're out there pressing all the time, they have to |
| 883 | 02:41:34,410 --> 02:41:44,790 | perform, like dancing bears, they got to do something for their audience. If you can sit still and say, I don't need to trade right now. And you let the market |
| 884 | 02:41:44,790 --> 02:41:57,030 | pan around, and it moves a lot. And you feel no regret. All the things I just said. And you're consistent in a demo, minimum, six months, minimum six months, |
| 885 | 02:41:57,990 --> 02:42:05,610 | better traders that have been doing for a longer time. If they're consistent. Like for instance, a you're a profitable trader, and you learn from me. And now |
| 886 | 02:42:05,610 --> 02:42:15,720 | you you supercharge your trading, practice in a demo for three months. But if you are not profitable trading in general, before coming to me, you have to do |
| 887 | 02:42:15,720 --> 02:42:24,480 | at least six months in demo. But at the end of that six months, you need to be completely desensitized to the outcome. You don't care. You don't care if you |
| 888 | 02:42:24,480 --> 02:42:32,670 | don't feel. No, there's no rush that you've got to get in there. You're not salivating on Saturday can't wait on Monday. That means you're an action hound |
| 889 | 02:42:32,670 --> 02:42:40,950 | you're you're you're all hopped up on goofballs, because you're gambling, you're not trading, you're gambling. And you just want to have that outcome to make you |
| 890 | 02:42:40,950 --> 02:42:47,940 | feel significant. Again, you don't want to have that if you're thinking like that, or feeling that do not do a combine challenge. Don't try to do a funded |
| 891 | 02:42:47,940 --> 02:42:58,980 | account because you're emotionally charged, you will fail it. And it will set you back. That's mental scar tissue, it builds into a callus. And eventually, |
| 892 | 02:42:59,040 --> 02:43:06,960 | you won't want to do this because it's too painful. When all of it is available to you, every single one of you that are listening to me right now, whether it's |
| 893 | 02:43:06,960 --> 02:43:19,350 | recorded and you watched it later on down the road, or right here live, you can do this, you absolutely can do it. I'm telling you, you can do this, if I didn't |
| 894 | 02:43:19,350 --> 02:43:31,410 | believe it, I wouldn't tell you. And you're now seeing other people around the world doing extremely well. And I'm so proud. I'm proud to be a small conduit to |
| 895 | 02:43:31,500 --> 02:43:39,120 | the bridge where they were and their newfound success. And I'm excited to see where they're gonna go. I'm excited to see where you're gonna go. But if you're |
| 896 | 02:43:39,120 --> 02:43:48,540 | not passionate about this, if you don't, absolutely, I mean, listen, I'm not selling you a timeshare, folks. Okay? There's no upsell later on. You're never |
| 897 | 02:43:48,540 --> 02:44:00,000 | going to send me any money. And I have more faith than you succeed. And you probably do on yourself. Don't sell yourself short. It's going to take work, |
| 898 | 02:44:00,030 --> 02:44:07,170 | it's going to take effort. But let's assume for a moment, this is say for argument's sake, that you did everything I told you to do. And we're at that six |
| 899 | 02:44:07,170 --> 02:44:13,620 | month threshold. And you've spent time trading and you don't feel like you have to be in front of charts every single day. You just know what you're looking |
| 900 | 02:44:13,620 --> 02:44:21,570 | for, you know, your model, you know what you're trying to trade on, and this just happens to be there. And you take those trades, you're at the funded |
| 901 | 02:44:21,720 --> 02:44:29,490 | portion, okay? You don't need any money, like big, big account size money. And you went the route that the shoestring budget, you can afford to fund that |
| 902 | 02:44:29,490 --> 02:44:39,690 | account stuff. And you got 150,000 on our account. Okay. 150,000 our account, you're funded, you're doing the things that I'm teaching you to do. And you're |
| 903 | 02:44:39,690 --> 02:44:53,370 | using the logic I'm showing you here. This is Friday. Okay, inversion fair value got trading and tossing the orders up into this gap that we get, and then every |
| 904 | 02:44:54,360 --> 02:45:07,560 | discount, every short term discount. What does that mean? What's this level right here? So let's do 25% level of this range from high to low, these two |
| 905 | 02:45:07,560 --> 02:45:23,970 | levels again, or that weekly gap. So we can throw gradient levels in there. 2550 75 Look at the beautiful reaction there. Look out hovered around |
| 906 | 02:45:24,000 --> 02:45:43,140 | equilibrium. See that I think closing on the week, two positions, scaling, long. nother Long's partials, partial and then stopped down all of this idea of, I'm |
| 907 | 02:45:43,140 --> 02:45:53,370 | trying to make a lot of money in a short period of time, that needs to go away to I want to get a better payout than the last guy I saw on the leaderboard of F |
| 908 | 02:45:53,370 --> 02:46:07,440 | tml. Or my funded trader, or top step, or whatever, I don't know all the companies, because I have no affiliation with none of them. But you're doing |
| 909 | 02:46:07,440 --> 02:46:17,700 | this to make money, you're following the logic, you're doing all the things you're expected to do based on the things I'm teaching you. If you do those |
| 910 | 02:46:17,700 --> 02:46:25,980 | types of things, and you stick within the narrative that I share with my experience, when I sit down with you, either on Twitter, or in these videos, |
| 911 | 02:46:25,980 --> 02:46:36,390 | where I do analysis, or I show you where I think it's gonna go next, right now we're at a point where I'm neutral. I'm neutral, my targets have been met. So I |
| 912 | 02:46:36,390 --> 02:46:47,220 | sit still, and I let let the market then dictate to me what I want to do next, because it's already done its quarterly move for me. It might continue higher, |
| 913 | 02:46:47,550 --> 02:46:55,530 | or it might reverse. At this point, I don't have an opinion, that's hardline enough for me to say, I'm going to take a trade in this direction, I don't have |
| 914 | 02:46:55,530 --> 02:47:07,530 | a target next. And I want you to grow comfortable in those periods. Because these periods here where everybody blows their account, the folks that go out |
| 915 | 02:47:07,530 --> 02:47:18,120 | and say, All right now what next, what next, they are the ones that will absolutely fail, they're blown their demo accounts, they will never pass a |
| 916 | 02:47:18,120 --> 02:47:27,150 | funded account challenge. They won't hold a funded account challenge. In profit, wherever the stage is where you whatever you do in the future, you can do a |
| 917 | 02:47:27,150 --> 02:47:36,120 | profit split. If they get to that point, they will blow it there, they're constantly trying to do something else. They are not comfortable in between |
| 918 | 02:47:36,120 --> 02:47:48,570 | trades, they're not. And if that's how you feel, you have to work that out. And these are the periods where I sit still on content. I'm content, I murdered it |
| 919 | 02:47:48,570 --> 02:47:54,840 | on a higher timeframe weekly and daily chart for you. And for the folks that want to see swing trade ideas, where it's going to go in higher timeframes this |
| 920 | 02:47:54,870 --> 02:48:09,570 | Well, there you go over 1000 handles in NASDAQ. And however many 100 handles or so in E Mini s&p. What did you do with the information? How did you use it? What |
| 921 | 02:48:09,570 --> 02:48:16,680 | are you going to do with it now at the end of this livestream in five minutes. They're like, Oh, I watched this. And he could have said that some things in |
| 922 | 02:48:16,680 --> 02:48:24,300 | five minutes and wasted my time, you're never going to be profitable to trade or if you're thinking like that, because I'm telling you, I would have paid money |
| 923 | 02:48:24,720 --> 02:48:36,060 | to sit in something like this today, when I first started, I would have gladly spent money for this. Because it wasn't ever in any of the books and courses. I |
| 924 | 02:48:36,060 --> 02:48:44,400 | thought it was not there. None of this stuff was out there. None of these things. You're hearing it from the source these these are, these are concepts |
| 925 | 02:48:44,400 --> 02:48:54,330 | that were never meant to be in your hands. They were never meant to be understood by the public. That's why they work so good because it's the market. |
| 926 | 02:48:54,630 --> 02:48:55,650 | It's the market |
| 927 | 02:49:04,740 --> 02:49:17,250 | if you had 100 150,000 or 100,000 Our account, so you did the threshold of 100,000 Whatever that is, okay. And you did the work of following the logic |
| 928 | 02:49:18,000 --> 02:49:28,170 | doing what is necessary and you traded when the setups were there, not during nonfarm payroll, okay? And I'm answering this too because people say, ICT says |
| 929 | 02:49:28,230 --> 02:49:38,730 | don't trade on Non Farm Payroll Fridays and I made this much money and I made that much money and blah, blah, blah. No, I say that new students, new traders |
| 930 | 02:49:38,730 --> 02:49:53,280 | new developing minds in these markets should absolutely not trade on Non Farm Payroll. Nobody should be trading during the hour of Non Farm Payroll period. |
| 931 | 02:49:54,330 --> 02:50:03,330 | You can and I've done this before I've shown you executions and recorded the whole thing. I did lie sessions, I've done sessions with my private group, |
| 932 | 02:50:03,690 --> 02:50:10,710 | everybody knows I can trade on Non Farm Payroll, okay? I don't need to be out here dancing for the people that want me to dance for them, I don't owe you |
| 933 | 02:50:10,710 --> 02:50:20,070 | anything. What I'm giving you is the insight on how to do it. So if you want to trade on Non Farm Payroll Friday, so you want to you do the things I just talked |
| 934 | 02:50:20,070 --> 02:50:30,600 | about here, you wait, you wait until it gets all the initial volatility in the marketplace. And as long as the objective that you're looking for on a higher |
| 935 | 02:50:30,600 --> 02:50:38,970 | timeframe chart, the daily whether it be by side liquidity, or sell side liquidity, or a premium fair value got or a discount for Vega. They're the only |
| 936 | 02:50:38,970 --> 02:50:50,550 | four outcomes. And you're saying that's a complication? Really, what are you used to get into a trade right now, that's made you lose money consistently, but |
| 937 | 02:50:50,550 --> 02:50:59,220 | you're still holding on to it, they can, it's going to turn around to turn into some golden goose for you that lays golden eggs. Because I did all that stuff. |
| 938 | 02:50:59,220 --> 02:51:11,430 | When I was younger. I did all that same stuff, folks. And I learned by losing lots of money, losing lots of accounts, I've blown dozens of accounts. I've done |
| 939 | 02:51:11,430 --> 02:51:22,230 | that, okay. And it took lots of them, for me to realize that I was not going to beat it by being tenacious. I had to stop doing all these retail things that I |
| 940 | 02:51:22,230 --> 02:51:34,050 | kept buying books and courses with. When I took myself away from all that stuff, and said, Okay, somebody's winning. Every time I'm losing, somebody is winning, |
| 941 | 02:51:34,080 --> 02:51:43,050 | what would they be seeing in price. And that was the start of what I was setting myself up for, to be who I am today and uncertain traitor. When you have an |
| 942 | 02:51:43,050 --> 02:51:51,930 | understanding of that statistical probability state that the average trader, you know, is probably in ill informed, they have no idea what they're doing. And I |
| 943 | 02:51:51,930 --> 02:52:00,240 | apologize, my dogs are going crazy. You probably see something outside of like a deer or something. You saw Bailey this morning, she was freaking out. We opened |
| 944 | 02:52:00,240 --> 02:52:08,070 | our pool up yesterday. Because it's been really cool in Maryland. unseasonally cool. But there's two totes swimming around in the I had the fisherman and get |
| 945 | 02:52:08,070 --> 02:52:17,700 | run at the bottom. She doesn't like getting baths. But she was really looking like she wanted to jump in there. So anyway, Bella's doing better thank you for |
| 946 | 02:52:18,060 --> 02:52:28,440 | your concern. But here's an example. If you knew you're doing know you're looking for, and you just want to have one trading opportunity where you work |
| 947 | 02:52:28,710 --> 02:52:39,570 | your magic one day and stop, do nothing else. But you're staying with the ideas that I'm teaching you from a higher timeframe basis, using the idea of liquidity |
| 948 | 02:52:39,600 --> 02:52:52,200 | and inefficiencies sticking with the higher timeframe bias, only trading in that model, looking for inefficiencies on higher timeframe Charts, where large pools |
| 949 | 02:52:52,290 --> 02:53:03,030 | of buying and selling will occur from the aspect of smart money, which isn't in books, the logic that they use the buy and sell. I'm not talking about Goldman |
| 950 | 02:53:03,030 --> 02:53:12,930 | Sachs. Okay. Goldman Sachs doesn't know this shit. Okay, they don't, they don't know it. The things that you're learning, every high frequency trading |
| 951 | 02:53:12,930 --> 02:53:26,940 | algorithm, they implement these ideas. What constitutes a high frequency trading algorithm buy or sell isn't on the basis of a pattern. It's not on harmonics has |
| 952 | 02:53:26,940 --> 02:53:38,250 | nothing to do with anything supply and demand has nothing to do with that. There is a drawl, that price will stay within a buy program it'll buy as long as this |
| 953 | 02:53:38,250 --> 02:53:49,830 | criteria isn't in play or in existence. And there'll be a sub model that they'll only short in when these specific things are met. And there are a there are many |
| 954 | 02:53:50,280 --> 02:54:00,450 | chaos, high frequency trading algorithms where they trade both directions, all day long, all day long, up and down, up and down. That's the part I can't teach |
| 955 | 02:54:00,450 --> 02:54:16,950 | you. I can't, I can't create a language where I just can't There you go. I'm just gonna leave it at that I can't. So therefore what I can teach I have and |
| 956 | 02:54:16,980 --> 02:54:26,670 | any one of the things I've already taught and I have more things I want to teach between now and November. But any one of these one things, these PD arrays, |
| 957 | 02:54:26,670 --> 02:54:35,430 | okay? If you apply it with where the markets gonna go, where is it likely to go? And you stay within that model and you trade around specific times of the day. |
| 958 | 02:54:36,690 --> 02:54:44,610 | You can find profitability, and it's not hard. Just silver bullet. There's another model I just gave out. And I told you you can use it every one of the |
| 959 | 02:54:44,610 --> 02:54:56,730 | kill zones. London, New York am New York PM. Every single day you have three solid opportunities, really good opportunities. I taught you how to trade the |
| 960 | 02:54:56,730 --> 02:55:09,330 | lunch hour mean, think about it, folks. You have so many ways to choose from but which one makes the most sense to you? Which one can you use? Here's an example |
| 961 | 02:55:09,330 --> 02:55:21,960 | right here of using the logic, your baby brand new spanking new, right off the showroom floor. You got your $100,000 account, you're funded now. Okay. Using |
| 962 | 02:55:21,960 --> 02:55:41,580 | the logic, there you go $19,000, one day. Would that be enough? Would that be enough? If half of that was done by you? Would that be enough? If 1/10 of this |
| 963 | 02:55:41,640 --> 02:55:51,930 | was done? Would that be enough for you? I don't know what's going to be enough for you. But many of you look at this as this isn't good enough. Because you |
| 964 | 02:55:51,930 --> 02:55:59,640 | want somebody else do something, folks, literally, I could sit down here every single day, and roll these accounts up hundreds of 1000s of dollars in days. |
| 965 | 02:56:00,750 --> 02:56:12,090 | It's no effort for me to do it. Okay. But that doesn't communicate a realistic objective for students. Because if I show you these things all the time, you're |
| 966 | 02:56:12,090 --> 02:56:23,190 | gonna think when you make $5,000 over a month, that's not enough, and you're gonna press harder, and you're gonna wreck yourself. high reward trading, or |
| 967 | 02:56:23,190 --> 02:56:33,000 | really big results. That's for people that are trading with the expectation of trying to fleece you to sell you something, I don't need to sell anything to |
| 968 | 02:56:33,000 --> 02:56:41,160 | you. I don't want you to buy my books. How's that? How's that work for you? I saw a guy tweet to me ICTs thinking about all the money to make from the book |
| 969 | 02:56:41,160 --> 02:56:50,850 | sales. I'm trying to put so much into this YouTube channel that you don't feel inspired to buy look. How's that work for you? I don't care if it sells a lot. I |
| 970 | 02:56:50,850 --> 02:56:59,910 | don't care. I only want to imprint because everybody out there that has pretended they found this stuff on their own. There's no fucking way. None of |
| 971 | 02:56:59,910 --> 02:57:06,870 | you Joker's would have ever learned this stuff by looking at charts or studying, you never would have learned because I'm telling you, I was influenced by people |
| 972 | 02:57:06,870 --> 02:57:17,550 | you'll never meet. Sorry. And you hear these guys out there? Yeah, you know, I figured this out, you didn't figure shit out. You figured out where my youtube |
| 973 | 02:57:17,550 --> 02:57:24,060 | channel was. And you found out where the telegram channels had my elite mentorship videos, that's what you figured out. That's the only thing you did. |
| 974 | 02:57:27,480 --> 02:57:36,870 | The books will only be there for the purposes of concrete thing in history, that it came from me. And that's it. That's all. That's the only reason why I'm doing |
| 975 | 02:57:36,870 --> 02:57:47,820 | it. But I'm putting so much into these YouTube videos and the content that you really won't need to buy it. You won't need to stop listen to the bullshit from |
| 976 | 02:57:47,820 --> 02:57:56,760 | other people out there saying, Oh, he's trying to get your money. I don't want you to buy the books. Period. Don't buy him. Let him be barely profitable for |
| 977 | 02:57:56,910 --> 02:58:08,430 | Amazon who kills Shit, I don't care. It's just a record of this is what this is what it is. This is what it came from. And this is how you use it. And then when |
| 978 | 02:58:08,430 --> 02:58:16,320 | people want to take that book and rewrite it in their own language and create courses, I don't give a fuck. I don't care because it's gonna go on forever. |
| 979 | 02:58:16,320 --> 02:58:23,820 | It's always gonna go on like that. Okay, I don't care. I'm not losing any sleep. I'm not getting poor because of it. Okay, I'm not going to diminish because |
| 980 | 02:58:23,820 --> 02:58:30,840 | other people have taken my shirt and rebrand it, I don't care. I'm confident that they will now start putting things in people's hands. Even if they do that. |
| 981 | 02:58:30,870 --> 02:58:36,090 | It's not classy. It doesn't have any, any ethics behind it. |
| 982 | 02:58:38,100 --> 02:58:45,660 | But people are still gonna do it. But I know the end result will be the people that buy it from them won't get hurt, because they'll know the real shit. Even |
| 983 | 02:58:45,660 --> 02:58:52,080 | they call it something different. I don't care. But none of this stuff I'm teaching you existed in anything else. And it's a million dollar bounty folks. |
| 984 | 02:58:52,170 --> 02:59:01,440 | $1 million dollars a my my cash in your fucking hands. I'll drive it to your house. Give you a cashier's check if you can prove that all the stuff I'm |
| 985 | 02:59:01,440 --> 02:59:11,400 | teaching existed anywhere in print prior to 1996 Folks, it just doesn't fucking exist. And this is the bottom line. Because believe me a million dollars is a |
| 986 | 02:59:11,400 --> 02:59:18,420 | lot of people out there could use a million dollars. And I'm telling you, they all say it. Oh, it's replanted. We're gonna fuck that come from where did it |
| 987 | 02:59:18,420 --> 02:59:27,450 | come from? Where did I rebrand shit, nothing. You guys talked and talk the talk said a rebranded Chris Laurie and Chris Laurie come out there on Twitter and |
| 988 | 02:59:27,450 --> 02:59:38,400 | say, Nope, that's not my shit. Now you're saying Al Brooks. I'm waiting for Al Brooks, because he didn't talk about the fair value guy. He didn't teach no |
| 989 | 02:59:38,400 --> 02:59:46,020 | invariant inversion fair value. He didn't teach as an entry. None of this shit. None of that shit even holds water. I blow holes through all that shit. There's |
| 990 | 02:59:46,020 --> 02:59:55,050 | nothing out there like this. And when you understand that, you're going to appreciate that because you're holding something that 99.9% of the people out |
| 991 | 02:59:55,050 --> 03:00:09,360 | there have no idea even exists. And I have been hiding in plain sight, behind the demo account the whole time out here hiding in plain sight. Because it's a |
| 992 | 03:00:09,360 --> 03:00:21,420 | demo, don't miss that guy. My kids, my students are killing it. They're beating the shit out of everybody else's students. They're murdering it. I got people |
| 993 | 03:00:21,420 --> 03:00:30,510 | that are doing so well. They don't give a shit about being on social media. What are you going to do when you get the skill set? Are you gonna go out there and |
| 994 | 03:00:30,510 --> 03:00:38,940 | flex on social media, you're gonna go out there and show the trolls are you going to live your life and do what you want to do? live how you want to live. |
| 995 | 03:00:40,620 --> 03:00:51,420 | There's going to be people doubting you all the time. Who gives a shit? Who cares? None of that stuff means anything. If they got the time and interest to |
| 996 | 03:00:51,420 --> 03:00:59,820 | do that kind of stuff, that means they're miserable. Leave them there. Leave them in that you can't fix them. I tried many years, I've tried to do that kind |
| 997 | 03:00:59,820 --> 03:01:07,830 | of stuff for people. And I'm at that point. Now I guess it's the 50 year old kicking in, I still get either you subscribe to the idea because you've seen the |
| 998 | 03:01:07,830 --> 03:01:15,360 | effort or the efficacy of it. And you've seen the background of the logic I'm sharing and how it's in the charts every day. It repeats over and over and over |
| 999 | 03:01:15,360 --> 03:01:25,710 | again. But is it for you? Because I'm gonna be honest, it's not for everybody. It's not. For some of you, you need a Moving Average crossover, you need a |
| 1000 | 03:01:25,710 --> 03:01:32,730 | breakout strategy. And as long as you have good sound money management, folks that can make you money. I'm not saying you can't do that. And that same people |
| 1001 | 03:01:32,730 --> 03:01:43,860 | that trade with V Whap can't be profitable. I watch people on YouTube do it. They do it live. That's the problem. I don't care. But that's that's grade |
| 1002 | 03:01:43,860 --> 03:01:58,560 | school level. To what's really going on in price. You're not going to get any closer than perfect. I'm sorry. But that's just the way it is. And when I talk |
| 1003 | 03:01:58,560 --> 03:02:10,710 | like this, it sounds arrogant. It sounds like I'm a conceited prick. I promise you. I know I was one in my 20s. But I'm just talking to you like a friend. I'm |
| 1004 | 03:02:10,710 --> 03:02:21,660 | trying to intervene. Because you're holding yourself back. You're holding yourself back. You are the one holding yourself back. It's not me. I've already |
| 1005 | 03:02:21,660 --> 03:02:28,230 | taught you how to trade. I've already taught you how to reprice. I taught you models I told you entry strategies and and how to take partials and where to |
| 1006 | 03:02:28,230 --> 03:02:36,000 | move, stop. I've taught you now again, why certain imbalances will stay open. How do I know that? Go back and look at the example while I'm doing it. It's |
| 1007 | 03:02:36,000 --> 03:02:48,180 | there. But I'm not obligated now. And I wasn't obligated in the past to prove anything to you. I started out this whole thing on baby pips as a social |
| 1008 | 03:02:48,180 --> 03:03:01,350 | experiment to see if I created the same laboratory conditions that I went through, would I get an ICT it never happened. I put all the things I taught in |
| 1009 | 03:03:01,350 --> 03:03:11,310 | the order that I put them in all the lectures, all the video series all them before I even did paid memberships, all those things. That was the way I came up |
| 1010 | 03:03:11,550 --> 03:03:20,370 | in that order from my journals, these are the things that I did, where I was spending my attention, and not one person or this entire community came out |
| 1011 | 03:03:20,370 --> 03:03:32,340 | looking like me. And that was the reason why I did it. It was a selfish reason I wanted to see, could I as a laboratory scientist, mad scientist, try to create |
| 1012 | 03:03:32,490 --> 03:03:42,960 | the same scenario, and would another ICT pop out and he didn't. And because I got the feedback from people that they were enjoying the things I was putting |
| 1013 | 03:03:42,960 --> 03:03:55,440 | out. The understanding they were gaining the confidence they were getting, I fell in love with the idea of helping more people. Because originally, it was |
| 1014 | 03:03:55,440 --> 03:04:06,300 | just a self centered just experiment to see if I could create it. And because I wasn't able to do it, I was pissed off. And my obsessive compulsive kicked in as |
| 1015 | 03:04:06,540 --> 03:04:17,460 | well that I'm going to put the work in to try to create one. And then when more people started getting the feedback, it became like a like a rocket fuel. Now |
| 1016 | 03:04:17,460 --> 03:04:28,110 | it's like wow, this, I really liked this. I love it. I only would sell my one on one mentorship. In the 90s, you wouldn't even like you would never I would have |
| 1017 | 03:04:28,110 --> 03:04:38,130 | never gone on the internet and shared this stuff that never I would have never done it. I was selfish. And at the time, I then believed if I talked to |
| 1018 | 03:04:38,130 --> 03:04:45,180 | everybody, it would fail. Everybody would do it. And as I learn more and more and more and learn how the markets really book, I don't give a shit. I could |
| 1019 | 03:04:45,180 --> 03:04:53,040 | literally put commercials on the internet and on TV that had no sales pitch and say, Come to this YouTube channel and learn how to do this shit. I promise you |
| 1020 | 03:04:53,040 --> 03:05:02,220 | you won't spend any money, but you'll be better than you ever thought you could, as a trader stop buying people's courses. It's done. The channel will grow like |
| 1021 | 03:05:02,220 --> 03:05:15,510 | crazy. I make all kinds of ad revenue. I don't need it. I'm walking away in November, November 2023. I'm closing the chapter on inner circle trader, I want |
| 1022 | 03:05:15,510 --> 03:05:25,590 | to be Michael, Joe Huddleston, I want to be that I want to, I want to be the husband, I want to be dad, hopefully, you my kids, give me grandkids and I can |
| 1023 | 03:05:25,590 --> 03:05:36,030 | do whatever I do spoil them. And that's why I want to do it, I want to know what I'm going to do next. That's what I want to do. I want to be humdrum. Me again. |
| 1024 | 03:05:36,780 --> 03:05:47,280 | And that's all I want. But in my absence, I want to be able to look in all of you and see what you're doing, and hear from you. Send me an email, I'm going to |
| 1025 | 03:05:47,280 --> 03:05:55,110 | keep inner circle trader@gmail.com Always. And if you have a testimony you want to share with me, you know, that's great, you can do that. Let me know what |
| 1026 | 03:05:55,110 --> 03:06:07,680 | you're doing. I'm always interested in that, I have a lot of emails, I'll always get to you, you know, in real timely manner. That's not the mode of contact, it |
| 1027 | 03:06:07,680 --> 03:06:21,720 | is optimal. But Twitter is while I'm on it, but in November, I will no longer tweet, but my Twitter base and my Twitter account will be active. And my YouTube |
| 1028 | 03:06:21,720 --> 03:06:33,000 | videos will stay up. I just won't be doing any more. Okay. I'm confident when I'm done with you all. Come November, you will have had the best learning |
| 1029 | 03:06:33,000 --> 03:06:44,400 | experience from me as a mentor, the best I can do. And I don't claim to be the best mentor I'm not. I know invariably, some of you will do very, very well with |
| 1030 | 03:06:44,400 --> 03:06:51,840 | this information. And you'll probably write books, and you'll probably make courses and you'll probably do whatever and actually teach it better once I'm |
| 1031 | 03:06:51,840 --> 03:07:03,450 | done divulging what it is I've not made available to people. My only request is you credit me. I don't I don't give a shit what you do with it after that. |
| 1032 | 03:07:03,480 --> 03:07:13,200 | Because if I cared, I wouldn't put it out here. But I want you to give me the opportunity to give God the glory for it. That's what I don't want you to rob me |
| 1033 | 03:07:13,200 --> 03:07:21,450 | from. I don't care if you make because I've made millions of dollars for people in the Middle East. I've made millions of dollar for people in Africa that have |
| 1034 | 03:07:21,450 --> 03:07:30,000 | so much it. Okay, these people have made lots of money selling my videos. Okay, one of my biggest trolls have been selling my videos, but pretends he hates me. |
| 1035 | 03:07:30,330 --> 03:07:37,410 | His whole channels around me, okay, but he's sold my shit. And I know and I don't give a shit. I don't care. He's got kids, let him feed him. The point is |
| 1036 | 03:07:37,410 --> 03:07:50,910 | this, I don't care. I don't care, eat from my table for free. I have plenty. You're not going to start me. I can do this stuff on my own. And I want to see |
| 1037 | 03:07:50,910 --> 03:08:00,270 | what you all do with it. And I don't mean I bought a Lamborghini. That's not what I'm looking for. I want to see what you do with this in terms of helping |
| 1038 | 03:08:00,270 --> 03:08:10,320 | other people? How are you impacting other people? And I don't mean by teaching people. I'm talking about how you impacted their lives. What did you do for him? |
| 1039 | 03:08:10,410 --> 03:08:20,160 | Did you buy him a house? Did you pay off their student debt for them? Did you help them out when they needed a car and they just can't afford to get one? Do |
| 1040 | 03:08:20,160 --> 03:08:29,310 | you support families financially, that are destitute? And you're not trying to get a reward for it? I promise I will never ever, ever share that publicly. I |
| 1041 | 03:08:29,310 --> 03:08:40,350 | will never say this person told me this is that because that's your reward them. But I'm asking you, I know I've put people on the rich end with my content. And |
| 1042 | 03:08:40,350 --> 03:08:49,410 | they rebranded and made mentorships. And that's how they made their money. That's not what I wanted to do. That's not my target. My target is to transform |
| 1043 | 03:08:49,440 --> 03:08:56,940 | the lives in the minds and the thought processes of all of you as students, not to simply listen to me as a mentor about markets, but how to live your life |
| 1044 | 03:08:56,940 --> 03:09:05,550 | better because I did not do the right things. And I want you to know that I did not do the right things. I was not there for my wife as much as I should have |
| 1045 | 03:09:05,550 --> 03:09:15,390 | been. I've failed as a dad, I should have been at their games, I should have done all these things. That's why I give you those lectures. So that way, you |
| 1046 | 03:09:15,390 --> 03:09:29,010 | don't make those same mistakes in the process of finding your success and living in your success. Because you you can succeed into failure. I did lots of money, |
| 1047 | 03:09:29,880 --> 03:09:43,440 | the ability to live however you want to live and buy stuff. And you have a deficit in the emotional category for fatherhood and husbandry. It's not all |
| 1048 | 03:09:43,440 --> 03:09:53,460 | about the money, folks. Right now it does feel like that. But there has to be a purpose for all of it, in how you live your life and what you do with it. That's |
| 1049 | 03:09:53,460 --> 03:10:05,580 | impactful, not only to yourself, but the people that you're helping and As a 20 year old, when I had this information, it was all about me. And I wanted it to |
| 1050 | 03:10:05,580 --> 03:10:20,700 | be about me, I don't want to be the center of attention, I don't want to be at all. And I hope that you understand that, when I do depart in November, I have |
| 1051 | 03:10:20,700 --> 03:10:31,320 | all of your best interests in mind. And I'm all rooting for you. I'm always rooting for you. I'm constantly in prayer that you all receive, what it is I'm |
| 1052 | 03:10:31,320 --> 03:10:42,180 | trying to convey. And sometimes when I've listened to the recordings, or whatnot, I wish I could go back in time and add something else. Okay? It would |
| 1053 | 03:10:42,180 --> 03:10:58,020 | have been much more helpful if I would have said this or that. So, like I said, I'm not the best mentor. And if I don't do it for you, come November, don't give |
| 1054 | 03:10:58,020 --> 03:11:10,590 | up. Don't give up. Keep working towards it. Because if you see just a little bit of evidence that you can do it once in a while. That's okay. Because long term |
| 1055 | 03:11:10,590 --> 03:11:18,900 | consistently profitable, has a period of hidden Miss breakeven, if you didn't get to that point where your breakeven where you make a little bit, but then you |
| 1056 | 03:11:18,900 --> 03:11:27,810 | lose it, but you don't blow out. That's progress. That's progress. And you'd be surprised how many people come to me in that stage, they've done all this stuff, |
| 1057 | 03:11:27,810 --> 03:11:34,350 | they make a little bit of money, then they lose it, and they can't, they don't know their account. But if you can't find profitability, you are the best |
| 1058 | 03:11:34,350 --> 03:11:45,720 | student in my hands, you are the best one. So don't think that that's a reason for you to feel like I'm failing as I'm doing this, because I can't be |
| 1059 | 03:11:45,720 --> 03:11:53,760 | profitable, I'm not going to waste any more time with this stuff. Come into these lectures, and do the things I'm telling you to do. And to sit back and |
| 1060 | 03:11:53,760 --> 03:12:07,020 | watch the transformation. It'll happen, it will happen. The ones that don't do well under me are the brand new, never learned how to trade don't know anything. |
| 1061 | 03:12:07,410 --> 03:12:18,090 | And they have no reason to have that Velcro effect that I can, I can't cling to them, or they can't cling to me long enough to let them have this logic seep |
| 1062 | 03:12:18,090 --> 03:12:28,230 | into their understanding. And then they see it for themselves, it's too easy for them to walk away. It's too easy. Because they don't have anything to lean on as |
| 1063 | 03:12:28,230 --> 03:12:39,870 | experience or reason to see, well, let me stick with this. If I did signals, if I said, I'm buying here, I'm selling here, the only thing that's going to do is |
| 1064 | 03:12:40,290 --> 03:12:50,010 | grow a dependency in me. And I don't want any of my students to be dependent on me. I want to be independently minded. So they go out and they do their own |
| 1065 | 03:12:50,010 --> 03:12:59,670 | thing. And they're confident. They they say ICT it's been great. I learned from you. But I don't need you anymore, baby, I'm gonna watch me fly. And I want to |
| 1066 | 03:12:59,670 --> 03:13:10,710 | watch you fly. I want to see that. But you have to put some work in, and you got to let the information be presented in the manner that I'm presenting, because I |
| 1067 | 03:13:10,710 --> 03:13:22,890 | don't know how to do it any better. I don't know how to do it better than I'm doing. But I know it's working for a lot of people. And all you have to do is |
| 1068 | 03:13:22,890 --> 03:13:31,770 | keep showing up, keep studying, and fall in love with this part of it. Because this is what you're going to do the rest of your life. So you might as well love |
| 1069 | 03:13:31,770 --> 03:13:42,930 | it. You might as well fall in love with it. It's just like your second spouse. Okay, I mean, you're going to have to love doing this. If you're miserable, if |
| 1070 | 03:13:42,930 --> 03:13:52,650 | you hate trading, this ain't for you. It ain't for you. But if you know that you're going to lose once in a while. That it's okay, nothing changes anything. |
| 1071 | 03:13:53,070 --> 03:14:01,560 | This means that you got to fix that to go to the high, it's fine. That's the right mindset. And you're not in a hurry to get there. Regardless of how old or |
| 1072 | 03:14:01,560 --> 03:14:12,240 | young you're just relax, let it happen. It took me six years to find myself. Many of you probably already have what it is you're going to be trading with. |
| 1073 | 03:14:12,390 --> 03:14:18,990 | But you're wrestling because every time I bring out something new, you want that to be the thing. Oh, wow, this new let me try that. If you've already got |
| 1074 | 03:14:18,990 --> 03:14:28,410 | something you're seeing results with stay with that. Stay with that. Find some consistency with that. And then once you've done that for a few months, if you |
| 1075 | 03:14:28,410 --> 03:14:36,510 | want to supplement your understanding, delve into new supplementary studies with all the things that you are interested in, but you only need one thing. One |
| 1076 | 03:14:36,510 --> 03:14:50,010 | thing and you can make all the money you'd ever want. So hopefully, hopefully you guys have learned something today. I had a lot of fun spending some time |
| 1077 | 03:14:50,010 --> 03:15:01,140 | with you. If you know like I said if you'd like this stuff and you want to see me do it again on tomorrow and Thursday. Got something. So Wednesday and |
| 1078 | 03:15:01,140 --> 03:15:14,700 | Thursday. I'm heading out with my wife on Friday for the weekend and I'll be home on Tuesday so I won't be doing anything on Monday. So I think that'll be it |
| 1079 | 03:15:14,700 --> 03:15:19,230 | for this one. Until I talk to you next time. Be safe |