ICT YT - 2023-06-21 - ICT Mentorship 2023 - One Trading Setup For Life
Outline
00:59 -#- # Introduction to today’s topic.
- Introduction to tonight's topic, finding setups.
- How to find a good setup for life.
04:10 - - What is the purpose of algorithmic trading?
- Algorithmic trading with ict models for all assets.
- One trade set-up for life.
- Time limits are unrealistic.
- Drawing on liquidity is the sole purpose of liquidity.
09:29 - Where liquidity should be focused.
- Liquidity is a specific range in mind.
- Liquidity should be focused on.
- Narrow down the amount of risk to minuscule amounts.
- PM session ranges.
- PM session ranges in regular trading hours.
- Rth sets regular trading Hours.
16:21 - How do we know when to buy or sell the market?
- Opening range for the next 30 minutes.
- PM session low vs sell-side low.
- Why sell side is a counterparty to smart money buying.
- How to trade the low-lows.
20:38 - How to look at the charts.
- What ict is looking at in the charts.
- The inner musings of ict.
- Close proximity to London session 930 opening bell.
- Optimal trade entry in the 2020 model.
26:36 - How to define liquidity.
- The two ranges for defining liquidity.
- The importance of journaling and recording.
- Opening range gaps and regular trading hours.
- How the market reaches for liquidity.
32:05 - How to pick the right highs and lows.
- How to pick the right highs and lows on Twitter.
- The opening range gap.
34:16 - Trading around the fed chair testimony.
- Look at the economic calendar.
- Focus on the sweet spots in the marketplace.
- The new york lunch gap.
- The old days of electronic trading.
- The lunch hour in the pits.
- How Michael uses the lunch hour to trade.
40:45 - Lunch run on liquidity and liquidity.
- Lunch run on liquidity and market manipulation.
- New york launch raid.
- Focus needs to be on the highest high and lowest low.
- Morning session low.
45:35 - The algorithm that controls the market.
- The time-based chart is the only way to see it.
- The goldman sachs call.
48:04 - What to look for in terms of liquidity?
- Specific windows of time and liquidity.
- Lunch hour and 90 minute period.
- What to focus on after tonight.
- What to look for in the am session.
54:36 - What does it mean to watch this chart?
- You will need to watch the chart multiple times.
- Today's trading day chart.
- Opening range is one of the factors used today.
- Cleanest setup for the day.
- Don't touch this right now. Focus on this time today.
- Trading with 30 years of experience.
01:01:17 - The low point of a bullish order block.
- The macro will start running at 130.
- The market creates a low here market.
01:03:57 - What is your terminus terminus?
- Easiest low-hanging fruit objective is to repel back above low.
- Trading below the rejection block.
- Running to relative equal highs and inside the opening range.
- Low hanging fruit.
- Deep discount in the opening range gap.
- Taking partial profit above relative equal highs.
01:09:50 - Why social media is like cancer?
- Toxic mindset about performance and what you're trying to do.
- How to build legacy wealth.
- Coming back to social media when you hit seven figures.
- The 15 second chart.
- Putting a song on air that he likes.
- How to annotate a chart.
01:16:28 - Don’t forget the timeframe.
- Forget the timeframe. Think about what was said tonight.
- The inversion fair value gap.
01:19:10 - Stop loss management and limit orders.
- Stop loss management and limit orders.
- Time-based chart, no market replay.
- Introducing the inversion fair value gap.
- Trading retail concepts and how they work.
01:24:42 - The importance of understanding price.
- Focus on real-time trading during PM sessions.
- The importance of backtesting and journaling.
- Retail traders are looking for patterns, not indicator confirmation.
- Understanding why price delivers the way it does.
- How to predict fair pay gaps.
- How to know if a story is going up or down.
01:31:10 - Why are you afraid to take advantage of this opportunity?
- Look at the new opportunities available to you.
- Horseshit and lies on the internet.
- Where to start the 2022 model for mentorship.
- Looking at all three of the averages.
- Lessons and core content will not be updated after November.
- Learn at your own pace.
Transcript
1 | 00:00:59,700 --> 00:01:13,230 | ICT: Good evening, folks. over rice doing well. So tonight, we're doing a little bit of a lecture here on some important information about finding setups. And I |
2 | 00:01:13,230 --> 00:01:26,070 | get a lot of questions. As a mentor, teaching Forex recently, index futures. And the things I'm going to talk about tonight are not limited to any one particular |
3 | 00:01:26,070 --> 00:01:38,700 | asset class. So it's kind of like remove all of the uncertainty of where you're supposed to be looking in the charts, when am I supposed to be utilizing |
4 | 00:01:38,940 --> 00:01:51,060 | electronic trading hours, when am I going to be referring to regular trading hours, for what reason? What type of setups form when. And that way, it allows |
5 | 00:01:51,060 --> 00:02:05,880 | you to have a setup for life. Now, some of you may have thought this was going to be a pattern, or pdra. Lecture, it's not, I'm teaching you how to find your |
6 | 00:02:05,910 --> 00:02:18,390 | own setups, but specifically, when in where they form, that's the part that is always a constant. That's the thing that a lot of new traders and those that are |
7 | 00:02:18,390 --> 00:02:29,760 | struggling as a breakeven trader lose sight of. It's a matter of knowing what to look for in when it incorporates market profiling. And that is not market |
8 | 00:02:29,760 --> 00:02:40,020 | profile in the sense that we're using like V wop and things like that. We're talking about schematics, things that I've taught and have shared publicly on |
9 | 00:02:40,020 --> 00:02:53,010 | this YouTube channel, you can find that information in the core content, where I'm dealing with specific day profiles. The topic would be in their day trading. |
10 | 00:02:53,550 --> 00:03:09,060 | And I cover a lot of this stuff. Also, when I'm talking about specific market reviews, and I understand that many of you, you may be new, okay, and you want |
11 | 00:03:09,060 --> 00:03:18,000 | to, you want a 123 Easy, get me and get me out pattern. And I've already produced all that. Okay, it's on the YouTube channel. But for the folks that |
12 | 00:03:18,000 --> 00:03:31,050 | really want to find a lot more setups, or not be limited to a one trick pony. Not that that's a bad thing, because the 2022 model is excellent. The optimal |
13 | 00:03:31,050 --> 00:03:42,930 | trade entry pattern is excellent. So when I talk about these areas in the marketplace tonight, and I promise we will not be here very long. Usually when I |
14 | 00:03:42,930 --> 00:03:52,170 | say this on Twitter, and I do a Twitter space, we go for hours and hours, it doesn't feel like hours to me. But I do have a time limit tonight. So I have to |
15 | 00:03:52,560 --> 00:04:02,580 | get through this. And because of that, I presented it in a PowerPoint presentation. So it helps me keep my focus. So I always have some kind of a |
16 | 00:04:02,580 --> 00:04:11,760 | monologue coming in. So I want to kind of set the expectations for everyone that's going into this study. So that way, you know what it is you're going to |
17 | 00:04:11,760 --> 00:04:22,800 | try to glean from it. What's the purpose? And then we'll get down to the nitty gritty to the right to the point. And I'll show you some details in terms of |
18 | 00:04:22,800 --> 00:04:38,250 | executions and such. So algorithmic trading with ICT models for all assets. And again, the premise is one trade setup for life. Now, what do you think that |
19 | 00:04:38,250 --> 00:04:52,680 | would entail? Something that would repeat over and over again, it's not ambiguous. It's very specific. Now when you see me doing my trade executions, |
20 | 00:04:53,490 --> 00:05:03,120 | sometimes they look too good to be true. And sometimes I'm questioned as to whether or not I'm using Do something that's the lead and whatnot. And today I |
21 | 00:05:03,120 --> 00:05:13,410 | had a little bit of a Clank today. I've shared some things that my wife wasn't expecting me to spend any time online today. But I felt like I had wanted to |
22 | 00:05:13,410 --> 00:05:26,160 | share today. And I entered a couple of things that came up over the years, in terms of doubts or concerns. And I really want you to think about the lesson |
23 | 00:05:26,160 --> 00:05:37,080 | tonight that we're going to cover. And think about how you're set up, your multiplier, the pdra, that you gravitate to most it may be the fair value gap, |
24 | 00:05:37,680 --> 00:05:48,990 | it may be a breaker pattern, it may be the optimal trade entry pattern. It could be a simple order block, it could be a turtle soup, it could be a number of |
25 | 00:05:48,990 --> 00:06:00,120 | things. Whatever pet it, it could be the inversion, fair value gap. Whatever that PV array is that you see easily in a chart, the one that you don't have to |
26 | 00:06:00,120 --> 00:06:08,220 | look too hard for or strain your eye or scour through the candlesticks to find it, the one that does simply make sense to you, when you see price action, your |
27 | 00:06:08,220 --> 00:06:15,480 | eye goes right to it. That my friends is the one you're supposed to be looking at. That's the one you start with, it does not mean that that's going to be the |
28 | 00:06:15,480 --> 00:06:25,770 | your entire career. It just means that that's the one that resonates with you right now as a new student of mine. And then you grow from that, I promise you, |
29 | 00:06:26,520 --> 00:06:36,870 | when you learn one PV array, and how to use the information on the share tonight, it will be so much easier for you to see all the things that form in |
30 | 00:06:36,870 --> 00:06:46,140 | all the PDFs that I've taught, and then we'll teach. But you have to have some kind of a baseline to grow from. And if you're rushing through it, or trying to |
31 | 00:06:46,260 --> 00:06:55,440 | push too much on yourself, the time limits that you placed on yourself for learning how to do it is unrealistic. Some of you're gonna learn sooner than |
32 | 00:06:55,440 --> 00:07:03,930 | others, and others are gonna require more time. I can't speed that up for you. You're bringing in your own learning curve. And the things that you're going to |
33 | 00:07:03,960 --> 00:07:16,650 | worry about are going to find its way to the min as you learn how to focus on the things I'm teaching you and not anything more than that per lesson. So let's |
34 | 00:07:16,650 --> 00:07:17,190 | get into it. |
35 | 00:07:24,840 --> 00:07:37,140 | Alright, so draw on liquidity. Okay, it's the sole purpose of price delivery. And I wish to thank Patrick Wieland for getting this screenshot from his live |
36 | 00:07:37,140 --> 00:07:48,930 | stream today, I needed to make a point about liquidity. And the resources that are available in the market today, and how I'm going to help you not lean on |
37 | 00:07:49,050 --> 00:08:01,050 | tools like this. Now, admittedly, if this type of thing was in existence, when I first started in the 90s, that's the 1990s By the way, that the 1900s is my |
38 | 00:08:01,050 --> 00:08:13,140 | youngest son, all he says makes me sound like I'm really, really old. But this is a screenshot of the book map. Okay, I am not a affiliate with them. I'm not |
39 | 00:08:13,140 --> 00:08:24,360 | suggesting that you should subscribe to it. And I'm not trying to kick dirt in their face either. I'm just saying that the primary function for that tool can |
40 | 00:08:24,360 --> 00:08:35,130 | be made redundant with tonight's lesson. Now, I don't want you to take my word for it, you're welcome to compare and contrast. And then see if there is any |
41 | 00:08:35,430 --> 00:08:44,220 | validity to what I'm gonna say tonight. But I promise you, you're gonna see that these things while useful to a new student to a new trader, they're absolutely |
42 | 00:08:44,220 --> 00:08:53,220 | wonderful crutches. And that's not to mean demeaning, or to talk down to it. Because believe me, if I would have had access to this, when I first started, I |
43 | 00:08:53,220 --> 00:09:02,940 | would have absolutely subscribed to it. Because it would have helped me learn faster. The whole premise of liquidity but the problem is with a tool like this |
44 | 00:09:06,150 --> 00:09:16,200 | it kind of like brings more attention to levels of liquidity that are not so pertinent to right now. Okay, or what's about to take place in terms of a |
45 | 00:09:16,200 --> 00:09:26,100 | narrative and price action. Okay, and when I teach Smart Money concepts, by the way, when you hear SMC it's my concepts, okay. When I talked about and first |
46 | 00:09:26,100 --> 00:09:39,060 | started teaching it, I refer to them as smart money concepts. And when we look at liquidity, there's a specific range in mind. When I'm looking at my charts, |
47 | 00:09:39,060 --> 00:09:50,310 | and I hear or see people in comments, I've watched other YouTubers and their complaint is you never really understand why ICT is picking this high or that |
48 | 00:09:50,310 --> 00:09:57,450 | low. He's hiding it from you. That's bullshit. Tonight, I'm going to show you that that has never been the case. I've always said these things, but it's |
49 | 00:09:57,450 --> 00:10:06,540 | always tucked in during the day discussion, the boring parts, because you're not trying to listen, it goes over your head. That's why when you go back and look |
50 | 00:10:06,540 --> 00:10:13,950 | at old videos, it's been there the whole time. But you're looking for that one trick pony. That magic trick, that sleight of hand thing is gonna let you go out |
51 | 00:10:13,950 --> 00:10:21,570 | on social media and look like a rock star. If you want to be able to do that you have to learn like tonight, this is a lesson that gets to the heart of the |
52 | 00:10:21,570 --> 00:10:34,230 | matter. Where is it that you should be framing your focus? And what liquidity? What specific liquidity does ICT refer to? Yes, we're going to cover that. And |
53 | 00:10:34,230 --> 00:10:42,720 | you're going to see, by contrast, if you look at the things I'm going to cover tonight, and utilize it with this resource here Bookman, I don't know if they |
54 | 00:10:42,720 --> 00:10:52,350 | offer a free trial. I don't know that at all. But there's YouTubers out there that stream and kind of like share this makes their affiliates they want you to |
55 | 00:10:52,410 --> 00:11:01,260 | sign up with them. I'm not saying don't use it. I'm not saying you should use it. I'm just saying that for folks that are trying to do this without having |
56 | 00:11:01,290 --> 00:11:09,900 | extra things to pay for or look at. You can take the information tonight and compare and contrast and see if it doesn't really get to the heart of the matter |
57 | 00:11:09,900 --> 00:11:14,760 | in terms of where liquidity is should be focused on for any one given period intraday. |
58 | 00:11:21,330 --> 00:11:32,460 | Alright, so when we first start talking about liquidity, the assumption is is you're a day trader, whether you're a scalper, whether you are a session trader, |
59 | 00:11:33,270 --> 00:11:42,690 | a intraday day trader where you're trying to do the entire daily range. Or if you're just a short term trader, or you're looking to time the market, for your |
60 | 00:11:42,690 --> 00:11:55,650 | longer term, swing trade or position, trade. All of that is encapsulated in tonight's discussion. So it's not a just an intraday chart concept, you can use |
61 | 00:11:55,650 --> 00:12:06,840 | these concepts to really narrow down the amount of risk, reduce it to minuscule amounts, it doesn't mean it's without loss doesn't mean that you will have |
62 | 00:12:06,840 --> 00:12:16,020 | winning trades all the time, it just means that if you understand the concepts I'm covering tonight, you will have the ability to go in and fine tune your risk |
63 | 00:12:16,020 --> 00:12:29,100 | model, be able to reduce the amount of risk that's associated with your trades, and also time the market know where the markets gonna go to next. Okay. First |
64 | 00:12:29,100 --> 00:12:39,480 | session we're talking about is the pm session ranges. Okay. And this is always going to be referred to in terms of previous day. Okay, so previous day, we are |
65 | 00:12:39,480 --> 00:12:50,640 | going to be referring to the 1:30pm to 4pm time window. And this is always in New York local time. Now, I'm saying that because I want you to set your trading |
66 | 00:12:50,640 --> 00:13:01,290 | view chart to New York local time. I say this as much as I can, in all my lectures because I get confused when I talk to people around the world, and |
67 | 00:13:01,290 --> 00:13:10,710 | you're in different time zones. And I have made mistakes in time in terms of telling them what their conversion would be. So to eliminate all that confusion |
68 | 00:13:10,710 --> 00:13:19,950 | if you just simply set your charts to New York local time. And look at the charts that way. Now, all the confusion goes away. It's very simple. So pm |
69 | 00:13:19,950 --> 00:13:31,680 | session ranges, you're looking for the highest time, the lowest low between 1:30pm and 4pm. Now, is there any ambiguity there? No. It's very simple, |
70 | 00:13:31,710 --> 00:13:46,380 | succinct, right to the point. Now, what do you do with it? If you are bullish, okay, and we are trading in close proximity to that range, as we see here. This |
71 | 00:13:46,380 --> 00:13:55,170 | example here, I'm using the June contract before rollover took place at the time of this recording, and live stream we were looking at the September contract for |
72 | 00:13:55,680 --> 00:14:05,190 | the indices for 2023. But I'm showing you an example because this is something I utilized in commentary, something I use in terms of line analysis and executions |
73 | 00:14:05,190 --> 00:14:18,810 | and such but I want you to understand that when we look at pm session ranges, it is always referred to in regular trading hours. Notice this down here in the |
74 | 00:14:18,960 --> 00:14:29,970 | lower right hand corner. Let's make the channel a bit bigger. So down here on the right hand corner that rth sets regular trading hours. Now you can toggle |
75 | 00:14:29,970 --> 00:14:44,970 | this if your membership permit you I don't know what I guess. Membership is required for trading view. If you're absolutely against trading you then I'm |
76 | 00:14:44,970 --> 00:14:52,110 | sorry, you're gonna have the path to find the equivalent and I don't know what that would be for you. Okay. I chose TradingView because my community said go to |
77 | 00:14:52,110 --> 00:15:01,740 | trading view when I left MT four. So we're all here now, and I don't know what it's going to cost you and I don't have an affiliate program with trading view, |
78 | 00:15:01,740 --> 00:15:12,150 | I get no money for it if you subscribe to it, and I don't know what the amount of membership would be to allow to get that? I don't know. Okay, so give me the |
79 | 00:15:12,150 --> 00:15:23,610 | Liberty and latitude to be able to talk freely and you're gonna have to work that on your own. But this toggle from rth to electronic trading hours, eth, |
80 | 00:15:23,760 --> 00:15:33,900 | okay, one or the other is going to be utilized. If we're going to be looking for pm session ranges, it's always going to be into previous day, the time window, |
81 | 00:15:34,020 --> 00:15:43,800 | the amount of time that you're looking inside of what price range? What high? Are you looking at ICT? What's low? Are you looking at ICT, regular trading |
82 | 00:15:43,800 --> 00:15:54,390 | hours, it cuts out all the overnight trading the algorithm once we start trading regular trading session hours, the next day, it's going to refer back to these |
83 | 00:15:54,420 --> 00:16:05,910 | specific times and what liquidity exists above and below it. So if we're bullish, and we're trading near the opening, and this little orange line here, |
84 | 00:16:05,940 --> 00:16:18,420 | that's going to be in every slide that denotes the 930. opening bell. You know, when everybody's on CNBC, they clap their hands. That's when the opening bell |
85 | 00:16:18,630 --> 00:16:28,770 | occurs for the stock indices and stock market. Now, obviously, they're trading all night long. But that opening window, starts that opening range for the next |
86 | 00:16:28,770 --> 00:16:40,770 | 30 minutes. Where will that usually run for the higher level if you're bullish? And we take out the pm session low, where it's going to be sell side below that. |
87 | 00:16:41,670 --> 00:16:48,720 | It's wonderful, because if it's bullish, and we have a higher timeframe premise, it's expecting the market to go higher. How do we know that that's what I've |
88 | 00:16:48,720 --> 00:16:55,680 | been teaching you. When I do my reviews, or I do my commentary, or if I'm pointing to something on Twitter, if you're not following me on Twitter, you're |
89 | 00:16:55,680 --> 00:17:05,640 | really missing out because I'm doing a lot of information there in like, real, short, succinct manner I'm taking your attention to right then and there. Today, |
90 | 00:17:05,640 --> 00:17:13,470 | I did it and a lot of people actually followed it. And it's not to be used as a signal service. But I'm calling things live. They're drawing your attention to |
91 | 00:17:13,470 --> 00:17:25,620 | it so that you can study in real time. But if you're bullish in the market drops down below pm session lows, notice that this low here and this low here that's |
92 | 00:17:25,620 --> 00:17:40,410 | encapsulated in side of the 130 to four o'clock, New York local time. So below, there's relatively equal lows there sell sign liquidity. It's really simple. |
93 | 00:17:40,620 --> 00:17:48,510 | It's simple, isn't it? When when you go through the process of listening to me and doing the things I tell you to do, and I justify why you should do all these |
94 | 00:17:48,510 --> 00:18:02,640 | things. That's the boring part. The folks that have started making real money, six figures, payouts, okay, Doctor salaries in a month or less. That stuff comes |
95 | 00:18:02,640 --> 00:18:13,950 | by listening and practicing and going into the charts, and not taking my word for it. But going in and seeing if the things I'm saying are in the true. This |
96 | 00:18:13,950 --> 00:18:25,860 | logic, if we're bullish, we'd like to see sell side taken why because that means that smart money would accumulate those sell side equity and absorb it for their |
97 | 00:18:25,860 --> 00:18:35,280 | buy side. So they're going to treat that sell side as counterparty to their smart money buying. So that accumulating in the Judas swing, the drop down here |
98 | 00:18:36,900 --> 00:18:47,010 | just goes into this area here where the liquidity is. So we definitely want to be looking at previous day's session. Not just any old high and low. The high in |
99 | 00:18:47,010 --> 00:18:56,700 | the lows between 130 and four o'clock, New York local time. That's the pm session that range, the highs and the lows, there's liquidity above and below |
100 | 00:18:56,700 --> 00:19:06,570 | it. If we're looking for higher prices, we definitely expect it to be running to the buy side. But at the opening, we expect not always. But we expect we |
101 | 00:19:06,570 --> 00:19:16,710 | anticipate a run lower that Judas swing that every Tom, Dick and Harry on social media are going to chase that. They're gonna think it's breaking to new lows, |
102 | 00:19:16,710 --> 00:19:28,590 | it's gonna keep going lower. No, no, no, no, it's only running down here to take sellers in the marketplace and they're gonna buy them. And then the market runs |
103 | 00:19:28,650 --> 00:19:41,250 | to the side. Now you could be a trader that simply takes this order here as long as a turtle suit Now, admittedly, this takes a great deal conviction, it |
104 | 00:19:41,250 --> 00:19:51,210 | probably won't be the first thing you reach for learning from me. In fact, it took a lot of time for me to trust that idea of buying the low lows and selling |
105 | 00:19:51,210 --> 00:20:02,400 | above old highs for entries, not targets. It's easy to do it for a target. But it's entirely different. takes an entire paradigm shift and you're thinking, to |
106 | 00:20:02,400 --> 00:20:10,830 | go into the marketplace and anticipate that as an entry. But it can be done and it takes time. How you get there is you study all moves like this, and you |
107 | 00:20:10,830 --> 00:20:20,490 | journal them. But your model could simply be wait for the sell side in the pre previous pm session range. If you're bullish, that's your bias you're going in, |
108 | 00:20:20,520 --> 00:20:28,860 | that means that you're expecting the weekly range to expand higher and draw on liquidity higher on the weekly timeframe. We covered all that stuff in previous |
109 | 00:20:28,860 --> 00:20:38,280 | discussions. But going down into liquidity like this, when we're bullish, we would reasonably expect it to run for what the buy side, we're what buyside? |
110 | 00:20:38,310 --> 00:20:50,070 | What Hi, are you looking at ICT? That one right there? Why? Because it's inside the range between 130 and four o'clock how, pray tell? Is that complicated? It's |
111 | 00:20:50,070 --> 00:21:00,720 | not complicated. And I've taught this at nauseam over and over and over again. But you're not listening. So I'm taking you by the hand tonight, right into the |
112 | 00:21:00,720 --> 00:21:11,850 | charts. That way, everything is perfectly laid out for you. You have absolutely zero excuses. You have no excuses now, to know what I'm anticipating what range |
113 | 00:21:11,850 --> 00:21:18,150 | Am I looking at? And I hiding it from you folks, I want you to succeed, I really, really want you to succeed. |
114 | 00:21:20,130 --> 00:21:34,410 | If you can't learn from tonight's lesson, I don't know how to do it better than this one. Okay, go further into the day number considering a full 24 hour |
115 | 00:21:34,410 --> 00:21:43,440 | rotation. Okay, so over the course of 24 hours, what is the mind of ICT? What are the inner musings of inner circle trader, I'm going through the process of |
116 | 00:21:43,440 --> 00:21:55,710 | going through this very routine right here. I look at pm session range, if it's not a factor, or it's not to be considered because we're not in close proximity |
117 | 00:21:55,710 --> 00:22:04,560 | to that range, because we could be significantly higher or lower around 930. So what am I looking for? And then if I'm not close to pm session, previous pm |
118 | 00:22:04,560 --> 00:22:17,430 | session 1:30pm to 4pm range at the time of 930 at the opening bell. And I'm watching that next 30 minutes, which is the opening range. What am I going to |
119 | 00:22:17,430 --> 00:22:25,560 | look for then Next? If it's not that I'm looking at the London session rate. That means I'm gonna be looking at the range between two o'clock in the morning |
120 | 00:22:25,890 --> 00:22:39,810 | and five o'clock in the morning, New York local time. Now again, tell me is that complicated? No. Simple. So in your charts, you want to be annotating what those |
121 | 00:22:39,810 --> 00:22:50,460 | levels are. Now you can do it like this here, where I have actual annotations that I can't draw. I don't have a indicator thing that plots them. For me. I |
122 | 00:22:50,460 --> 00:23:00,630 | prefer the high touch over high tech. That means I'm putting some thought into it. I get closer with the marketplace by doing that and sharing it with you. I |
123 | 00:23:00,630 --> 00:23:08,250 | just don't trust an indicator to do it. Okay, so I'm an old guy. I'm a dinosaur. I'm used to doing everything by hand anyway. And believe me, it doesn't think |
124 | 00:23:08,250 --> 00:23:16,440 | that wants to tell me you have to have because it saves time. And it's a cop out. You just are lazy. Ain't nothing wrong with lazy. I mean lazy people can do |
125 | 00:23:16,440 --> 00:23:31,590 | things very efficiently if they're smart. But let's zoom us in here. Alright, so london session rates, if we are not in close proximity to the previous pm |
126 | 00:23:31,590 --> 00:23:46,020 | session at 930. Remember this orange line here denotes the 930 opening bell on the stock market. So where are we at in terms of proximity? So we're starting |
127 | 00:23:46,050 --> 00:23:58,380 | the trading here. So where are we are we in close proximity to a pm session high or low? But we are in close proximity to what? London session by side we're |
128 | 00:23:58,380 --> 00:24:11,160 | digging into that. So all of this can be viewed pre 930 as a Judas swing. Now notice, am I showing you record trading hours or electronic trading hours? |
129 | 00:24:13,500 --> 00:24:21,450 | Electron electronic trading hours so that way you're going to see the overnight trading. If you have it toggled to regular trading hours, you won't see this |
130 | 00:24:21,450 --> 00:24:32,220 | information folks. It will be hidden from you. Which is one of the conundrums that retail traders fall into. They don't know either how to toggle electronic |
131 | 00:24:32,220 --> 00:24:39,210 | trading hours or regular trading hours. And even if they do, they don't know what to do with the information. It's hidden. It's in plain sight but it's |
132 | 00:24:39,210 --> 00:24:50,790 | hidden from them. You don't have that excuse anymore tonight. So london session boss on liquidity. We're seeing that read up into it here. And then where's the |
133 | 00:24:50,790 --> 00:24:59,760 | low net? Remember two o'clock to five o'clock in the morning noon local time. That's not ambiguous. What is the range, the highest high and the lowest low |
134 | 00:25:00,630 --> 00:25:16,950 | Hear in here. So if we rated the buy side, and we did it on a run, that's a Judas. We anticipate that as a false, run higher, and then we're going to see, |
135 | 00:25:17,100 --> 00:25:28,380 | does it shift lower? How can we use that information? Well, you can use the 2020 model. You can use a breaker, a bearish breaker, you can use the ICT optimal |
136 | 00:25:28,380 --> 00:25:43,770 | trade entry. In here, from this low to the high is a fair bank. This is a shift in market structure below this low right there. That's your 2022 model, or |
137 | 00:25:43,770 --> 00:25:59,640 | optimal trade entry. What would you be aiming for? London session Southside liquidity? Do you have to sit through a retracement? Yes. But we'll cover that. |
138 | 00:26:00,480 --> 00:26:16,920 | Because that in itself is also a range that we utilize intraday. Notice when I'm taking you through the whole routine of 24 hours, where are we at Open, open is |
139 | 00:26:16,920 --> 00:26:26,790 | 930 We have to wait for 30 minutes, because there's going to either be a run higher or lower, or it may consolidate. And then we'll have to wait for the 10 |
140 | 00:26:26,790 --> 00:26:35,850 | o'clock displacement. And then you can look for a silver bullet between 10 o'clock and 11. Or you could use a run into the lunch MACRA, which we won't talk |
141 | 00:26:35,850 --> 00:26:45,150 | about tonight. But I promise you, I will be teaching those things. I can't do everything in one lesson. Everything line upon line, precept upon precept, it'll |
142 | 00:26:45,150 --> 00:26:55,770 | be taught here and there. But before November, you'll have more than you'll ever need. So we have two ranges we've identified here for defining where liquidity |
143 | 00:26:55,770 --> 00:27:10,470 | is any go back to discussion of that book map, application or software. I want you if you have a bill availability to do this, look at what book map is saying. |
144 | 00:27:11,190 --> 00:27:26,850 | When we're trading, like here, tools like that will start showing you lots of liquidity. If they're accurate, right below that, well. If it matches, if it |
145 | 00:27:26,850 --> 00:27:38,190 | matches the premise that I'm teaching here tonight, then it's valid. And that's where the market will draw to every little small little liquidity above the |
146 | 00:27:38,190 --> 00:27:48,570 | marketplace, or below the marketplaces irrelevant. When I say I'm looking for a job and liquidity, I'm looking predominantly around the levels on teaching you |
147 | 00:27:48,570 --> 00:28:00,810 | today. So think about how many times I've called things on Twitter live, and how many times they were wrong. What three times maybe if everything's on Twitter, |
148 | 00:28:00,810 --> 00:28:10,590 | it's not deleted, it's not edited, don't do any of that stuff. But all of you 300,000 Plus now have watched me take your attention to a specific price point. |
149 | 00:28:10,830 --> 00:28:23,400 | And then the market ran off and went right to it. How was I doing it? It's what I'm teaching you tonight. You can do this, folks. Now, there are gonna be times |
150 | 00:28:23,400 --> 00:28:30,300 | when you look at the market, and it's not gonna be clear to you. If you don't have a clear depiction of what should be taken place where the market should |
151 | 00:28:30,300 --> 00:28:38,580 | draw to positionally times when I'm either going to be on vacation, or I'm not gonna tweet or I'm not gonna talk about something. I'm living a life. So if it's |
152 | 00:28:38,580 --> 00:28:48,780 | not clear to you what it's reaching for, don't put a trade on, study it. And that experience will grow over time, and you'll get better at doing it. But when |
153 | 00:28:48,780 --> 00:28:58,650 | you're journaling, I want you to go on your charts and journal like this. This should be part of your journaling. If you don't journal, and you don't record |
154 | 00:28:58,650 --> 00:29:06,150 | these types of things, your brain and your subconscious can't retain it. It needs to be trained and conditioned. That way activate your reticular activating |
155 | 00:29:06,150 --> 00:29:13,920 | system. So that we allows your mind to see it. And when you're looking at price action live, it'll be like Oh, I gotta look oh, there's that. Hi, I'm looking at |
156 | 00:29:13,920 --> 00:29:23,070 | those at low I'm looking at. Notice we're cutting through candles, folks. It's not supply and demand. It's not like off. I'm sorry. I wish it could be |
157 | 00:29:23,070 --> 00:29:37,920 | something I could point to and say go over there and learn that but it isn't anywhere else. Alright, opening range gaps. Okay. Opening range gaps are a |
158 | 00:29:38,100 --> 00:29:51,780 | specific event that takes place when you're utilizing regular trading hours. So zoom in. So now here in trading view, you want to make sure you're toggled to |
159 | 00:29:51,810 --> 00:29:58,260 | regular trading hours. By doing that. What it'll do is it'll remove all the overnight trading so you won't see anything like London or anything like that. |
160 | 00:29:59,430 --> 00:30:12,570 | Where are we stop trading for the river trading hours. And when we start trading, again, at 930, the opening bell, that's what you're seeing. Okay, that |
161 | 00:30:12,570 --> 00:30:23,850 | separation, that is my opening range gap. So whenever you hear me say, an opening range gap, not to be confused with opening range opening ranges, the |
162 | 00:30:23,850 --> 00:30:33,600 | first 30 minutes, I will have a specific teaching in its entirety, all by itself on this video on this channel, there will be opening range lecture. But when I |
163 | 00:30:33,600 --> 00:30:41,790 | say opening range, that is the first 30 minutes after the opening bell at 930. So specifically, it's 9:30am in New York, local time, to 10am, New York local |
164 | 00:30:41,790 --> 00:30:52,770 | time, not ambiguous other folks very, very specific. This opening range gap is where we stopped trading using river trading hours. And when we open up at 930, |
165 | 00:30:54,180 --> 00:31:04,320 | if there is a gap lower at 930, you will see this gap here, it's being shaded with this little orange box. |
166 | 00:31:07,530 --> 00:31:16,410 | It doesn't mean it wants to run up there immediately. Okay, and this is what I watch a lot of YouTubers to understand there are gaps that invented a gap. But I |
167 | 00:31:16,410 --> 00:31:27,990 | did codify some things around how to use that gap. And I'll teach more about that also in its own lesson. But tonight, I want you to think about how, where |
168 | 00:31:27,990 --> 00:31:42,480 | the market reaches for liquidity where it reaches for that liquidity and where does it want to go to after it goes there. This low over here, we didn't hear |
169 | 00:31:43,800 --> 00:31:55,830 | that low is occurring in the morning session or the am session between 930 and noon. So what will be residing below that sell stops, we call that sell side |
170 | 00:31:55,830 --> 00:32:09,840 | liquidity. So we get lower, and then run into that liquidity right there using regular trading hours. Now, if you're using electronic trading hours, you may |
171 | 00:32:10,740 --> 00:32:20,220 | have a lower low overnight. And then in hours between these two price points here where we close that record trading session and open it record trading |
172 | 00:32:20,220 --> 00:32:33,810 | session. Between those two price points, you have all of the 6pm to 930 in the morning worth of trading that could have made a lower low here. I don't care |
173 | 00:32:35,010 --> 00:32:50,400 | what I don't care. If I'm going to refer to the opening range gap, and we get a gap lower like this, I'm filtering out all of overnight price. That's it. Now, |
174 | 00:32:50,880 --> 00:33:01,440 | is that ambiguous? Is that complicated? No. What low whatever you're looking at? Well, I record trading hours on this chart. That's a pretty obvious low, isn't |
175 | 00:33:01,440 --> 00:33:10,380 | it? That's the stuff I've been doing on Twitter. I'm picking the right highs and lows, folks, because there's a method behind what I'm doing. I'm not inventing |
176 | 00:33:10,380 --> 00:33:19,170 | it as I go. I'm not going off on a whim, making up as I go. I've been doing this stuff for 30 years. It's the same stuff all the time. It's a well written, well |
177 | 00:33:19,170 --> 00:33:29,160 | read novel to me. That's why I'm so consistent. That's why I'm accurate. And if you stick to these rules, you will become this accurate to it's transferable. |
178 | 00:33:29,820 --> 00:33:36,570 | You should be excited. I know some of your grand like shit right now. He's like, Man, I felt that I had this stuff. Just a couple of months ago, I couldn't pass |
179 | 00:33:36,570 --> 00:33:48,630 | my funded account challenge. I could have done this. I could have done that. I could have bought a boat, the jetski a car, but down payment on a house. But you |
180 | 00:33:48,630 --> 00:34:04,350 | had to go one step at a time. Now, the opening range gap. If we run to a poor liquidity like this here. Wouldn't it make sense since we're now into a discount |
181 | 00:34:04,410 --> 00:34:18,000 | and inside of liquidity below old lows? We're in sellside. Now, we've already moved a lot from the previous session here, here. What would be reasonable? |
182 | 00:34:19,710 --> 00:34:32,580 | Well, look at the economic calendar. Today we had the Fed Chair Powell, jawboning at 10 o'clock in the morning. Do we trade around? PAL or Fed chair? |
183 | 00:34:32,700 --> 00:34:47,400 | testimonies? No, not if you're new. Not if you're trying to keep your money. And if you don't want to be a gambler. You wait and you wait for what? The pm |
184 | 00:34:47,400 --> 00:34:59,970 | session? Exactly what I said this morning on Twitter. I said in Twitter I said today and tomorrow, Fed chair will be testifying. So you want to be what? Tree |
185 | 00:35:00,000 --> 00:35:07,800 | During the afternoon, if you're going to trade at all, the probabilities are going to be high in your favor. If you wait till the afternoon, that means 130 |
186 | 00:35:07,800 --> 00:35:23,280 | In the afternoon, New York local time to four o'clock close. Is that ambiguous? Is that complicated? No. Wouldn't you know it, there's a low here that forms it |
187 | 00:35:23,280 --> 00:35:36,960 | one o'clock. And then at 130, or so creates an old low here. It's pretty interesting. What happens after that low forms, it runs right on up into the |
188 | 00:35:36,960 --> 00:35:48,990 | opening range get. So all of this mess in here, every Instagram trader, every Twitter hero, your YouTube trader, life dreamer, they're in there trying to look |
189 | 00:35:48,990 --> 00:36:01,800 | for patterns, when there is nothing the trust, it's going to be running around, going amok, just seeking liquidity, and it'll frustrate you. That's the reason |
190 | 00:36:01,800 --> 00:36:08,640 | why I tell you the focus on the sweet spots in the marketplace. I don't care about retail, Rick, that's going to come after the fact because he's not going |
191 | 00:36:08,640 --> 00:36:15,450 | to tell you on Twitter when I'm tweeting and saying, Oh, you said don't do this, I'm gonna go now and trade that they don't ever do that. They'll come back two |
192 | 00:36:15,450 --> 00:36:26,910 | hours later. And they'll say, Look what I did over here. So stop listening, those neophytes, the logic that I'm sharing, don't take my word for it, go into |
193 | 00:36:26,910 --> 00:36:40,530 | the charts, and you will be convinced of it. 100% guarantee a guarantee you, you will see this logic there. So it runs up in the opening range gap, after after |
194 | 00:36:41,160 --> 00:36:56,280 | the New York lunch after the morning session, chop. It runs to a logical, logical level, based on information I'm showing you here. See, in the morning. A |
195 | 00:36:56,280 --> 00:37:04,320 | lot of folks that understand this gap exists. We're looking for any reason to run right up there, then no, they're not gonna see it. Why? Because they don't |
196 | 00:37:04,320 --> 00:37:15,660 | understand time. The algorithm runs on time. It engineers liquidity in the morning session, and then it engineers going into lunch, and then it runs on |
197 | 00:37:15,660 --> 00:37:20,370 | that liquidity. Why would they want to do that? We'll talk about that. |
198 | 00:37:25,620 --> 00:37:40,320 | New York lunch raid. Now. In the old days, and I was trading when the old days were the thing before electronic trading. We had open outcry pits and when you |
199 | 00:37:40,320 --> 00:37:47,580 | call it into the broker, they would answer the phone had to wait for them to answer the phone by the way, and then get transferred to the trading desk that |
200 | 00:37:47,580 --> 00:37:58,590 | you are seeing the account managers for that account you have. And you got to do with the process of giving you your account number and then your pin. And then |
201 | 00:37:59,610 --> 00:38:10,260 | you gotta give them your order. They repeat the order the whole time the markets trading, then they ask you if you want to wait for your fill. And if you say I'm |
202 | 00:38:10,260 --> 00:38:17,670 | gonna wait for my fill, you're put on hold for a minute or two, when they come back and tell you a confirmation number and where you're filled. And |
203 | 00:38:17,670 --> 00:38:28,560 | maintenance, you're upset because you have real slippage. Because you're all spoiled, you know, press a button, you're in there, right. And the open outcry |
204 | 00:38:28,710 --> 00:38:43,950 | in the pits would have a lunch hour where it was very, almost like a routine unless it was a big trending day, the lunch hour between noon and 1pm New York |
205 | 00:38:43,950 --> 00:38:53,040 | local time would generally be a consolidation. Now the way we could use that back then and I'm gonna show you how I use it now. But for historical purposes, |
206 | 00:38:53,040 --> 00:39:06,630 | I'm giving you a reference on how I become ICT the lunch hour many times was a reversal. And whatever took place in the morning was completely reversed on and |
207 | 00:39:06,630 --> 00:39:13,980 | then if it was a trending day, it would just keep on going and would repeat whatever the morning low was up the lunch high and then run into three o'clock |
208 | 00:39:13,980 --> 00:39:21,960 | four o'clock and that would be their full daily range. Other days, if it was bullish, it would go up and then consolidate during the 12 o'clock and one |
209 | 00:39:21,960 --> 00:39:28,770 | o'clock in the afternoon and then do the same move in the afternoon between two o'clock and four o'clock that it did in the morning session. But it would do it |
210 | 00:39:28,770 --> 00:39:39,960 | in half the time. So it was a measured move ABCD type of profile. In other days you would see just a morning move and then consolidate launch and then stay |
211 | 00:39:39,960 --> 00:39:49,500 | consolidated the rest of the day. In same thing if it was a bearish day it would create the morning move then consolidate in launch and do nothing extra. And |
212 | 00:39:49,500 --> 00:39:57,390 | that was pretty it that was pretty much it. That was that was the profiles that existed back then. Now, you might be thinking oh, that's all well and good |
213 | 00:39:57,420 --> 00:40:04,440 | Michael but which one do you use? Well, which one would You expect based on economic calendar to draw on liquidity for the weekly range? What is it trying |
214 | 00:40:04,440 --> 00:40:17,760 | to do? Where's it reaching for? All those things have to be balanced, that still requires you and your study to get to that degree of well, understanding and |
215 | 00:40:17,760 --> 00:40:24,060 | implementing the things I'm teaching, but you have no excuse when I'm pointing to it in advance, I'm taking into the higher timeframe, weekly charts, I'm |
216 | 00:40:24,060 --> 00:40:38,370 | telling you where the markets gonna go. And we watch it daily and weekly move 1000s of points. That five handles 1000s Hundreds, okay. So it gives you time |
217 | 00:40:39,210 --> 00:40:48,870 | and opportunity to get in sync with that type of move in, you don't have to have the lowest low in the highest high. So a New York launch raid between noon, New |
218 | 00:40:48,870 --> 00:41:00,900 | York local time to 1:30pm. But it just said, it's an hour long noon to 130. And there's people out there say oh, the market doesn't care about nobody's going to |
219 | 00:41:00,900 --> 00:41:17,250 | lunch. The algorithm doesn't take lunch, but it runs on that liquidity. So everything that was utilized since the dawn of market manipulation, when the |
220 | 00:41:17,250 --> 00:41:27,780 | powers that be figured out that they could just run a numbers game. And everybody thinks it's a free market. And they think it's buying and selling |
221 | 00:41:27,780 --> 00:41:39,150 | pressure that makes these markets go up and down and where they go. They utilize that information that was not efficient at all, when it was used in open outcry. |
222 | 00:41:40,560 --> 00:41:56,040 | In that price. That manipulation, that engineering of market direction was made much more efficient when electronic trading took over. So nothing is changed in |
223 | 00:41:56,040 --> 00:42:03,570 | regards to market manipulation and market making. When I'm talking about dealers, folks, okay, if somebody's out there saying I'm a market maker, I'm a |
224 | 00:42:03,570 --> 00:42:10,980 | former market maker, you are not a market maker, you are a dealer, the folks that are in control of price, where it's going to go, how high it's going to go, |
225 | 00:42:10,980 --> 00:42:19,470 | how low it's going to go. That's what I'm talking about. And you don't see them, they don't have a face. All that's been changed now. And it's algorithmic, it's |
226 | 00:42:19,470 --> 00:42:33,660 | highly efficient. They never get sick. They never mess up. Because it's 100%. Electronic. It's following code. It's following instructions, period. It's all |
227 | 00:42:33,660 --> 00:42:53,010 | delivered on time. So a lunch run on liquidity a raid, if you will, you have to define the range between 12 o'clock, and 130. But you said it's an hour long 130 |
228 | 00:42:53,010 --> 00:43:05,460 | starts the pm session. That's when the algorithm can start doing its macro. A macro is a short order of instructions, that will create an event in price |
229 | 00:43:05,460 --> 00:43:21,480 | delivery. Your focus needs to be on the highest high and the lowest low. I'm showing you the highest high in 12 to one o'clock, because there's nothing |
230 | 00:43:21,480 --> 00:43:36,450 | higher than the high here. The low formed here between 12 o'clock, and 130. That's the lowest low here. So we see this low it drops down there. If we're |
231 | 00:43:36,450 --> 00:43:49,560 | expecting price to be bullish, and it's not done anything in the morning. Powell is talking. There's a at noon event it's expected like FOMC something to that |
232 | 00:43:49,560 --> 00:44:02,160 | effect. You avoid the morning session, let everybody else Chase everybody else's opinion and ignorance on social media, everybody's looking for the the guy with |
233 | 00:44:02,160 --> 00:44:12,120 | the hotkey and the guy that's doing all the trades, the guy that knows or the gal in difference the ladies that do trading. They're looking for the people |
234 | 00:44:12,270 --> 00:44:19,380 | that have something to say about the market right now. And if they've been right in the past, well dammit, they're gonna be right today. Let me follow what |
235 | 00:44:19,380 --> 00:44:32,160 | they're doing. No, you trailblaze your own path. Using this information, you will be confident that you have no requirement to be in anybody's membership or |
236 | 00:44:32,160 --> 00:44:39,570 | audience. You'll be able to do this, make your bread and then go live your life. Do whatever you want to do not be chained to these charts, not looking at what |
237 | 00:44:39,570 --> 00:44:50,700 | I'm doing on Twitter, because in November 2023, that's tops. You have to do all these things on your own. And that should not be scary. It should be exciting. |
238 | 00:44:51,480 --> 00:45:07,410 | I'm excited for you. But the session hime session low for lunch hour. I guess it's really technically 90 minutes. Oh Do you see nightmares? Oops. Below here, |
239 | 00:45:07,680 --> 00:45:16,440 | we can see it running down taking that, when we're expected to go higher. What do you think exists up here, that's not being noted on the chart. |
240 | 00:45:21,780 --> 00:45:31,350 | We'll get back to that the market starts running 130 completely random. Now you're probably watching this video and you've never seen anything else by me or |
241 | 00:45:31,350 --> 00:45:42,510 | never listened to Twitter spaces that I've done. And you don't know that I've said that time it 130. You don't know that I've said this many, many times, |
242 | 00:45:43,290 --> 00:45:53,700 | referring about the New York lunch. And how there's an algorithm that controls price. And there's a macro that begins at 130. That sets the tone and pace for |
243 | 00:45:53,700 --> 00:45:56,430 | the two o'clock to three o'clock Silver Bullet baby. |
244 | 00:46:04,020 --> 00:46:15,270 | The dots are starting to connect, are they starting to see a little bit more of the tapestry? That's been that's eluded you and everybody else out there that |
245 | 00:46:15,270 --> 00:46:29,400 | doesn't believe there's an algorithm doesn't believe that these markets are absolutely controlled by AI? I promise you, that's exactly what's going on. We |
246 | 00:46:29,400 --> 00:46:51,330 | want to see when we're bullish, the market dropped down and take out the New York lunch lows. Even if it's going to reverse. You can trade that here. How can |
247 | 00:46:51,330 --> 00:47:03,840 | you trader wait for a shift in market structure? Fear of a gap? Don't trust the five minute chart I've already shown you today using a 15 second chart? And |
248 | 00:47:03,840 --> 00:47:14,370 | we'll get to that too. What do you say 15? Second tariff? Yes, yes, friends and neighbors prices price. And you have to look where the inefficiencies are, in |
249 | 00:47:14,370 --> 00:47:23,940 | every retail traders using a 15 minute chart, an hourly chart, a four hour chart. And there's this taboo around five minute charts or less, because they're |
250 | 00:47:23,940 --> 00:47:36,090 | not informed, cannot initiate it. They think it's noise or part of the Goldman Sachs called sorry, boys. But price is pricing whatever you see in terms of |
251 | 00:47:36,480 --> 00:47:48,390 | measuring it using a time based chart, you have every advantage using a time based chart. In fact, that's the only way you're going to see it to don't listen |
252 | 00:47:48,390 --> 00:47:58,140 | to people who say don't look at the time based chart is nonsense wrong. Right away that tells you they have no idea algorithmic delivery, it escapes them. |
253 | 00:47:58,290 --> 00:48:10,170 | Sorry. It runs on time time is the first factor. What am I showing you here tonight? Very specific windows of time and what to reference it in terms of |
254 | 00:48:10,170 --> 00:48:20,490 | liquidity. Go back and look at my examples, folks. Your drawl is going to hit the floor. It's always been there. And it's always been explained to you in |
255 | 00:48:20,490 --> 00:48:32,010 | those long winded rants, the stuff that you say I'm boring. No, I'm teaching you. I'm trying to teach you everything that would bring you as close as I can |
256 | 00:48:32,010 --> 00:48:42,210 | bring you without having the 30 years experience I had. So I'm, I'm taking you fast track through three decades of understanding. And if you don't have the |
257 | 00:48:42,210 --> 00:48:51,300 | patience to sit through whatever the duration is for the lecture, that's a little bit myopic, and unrealistic. You're selling yourself short. And I don't |
258 | 00:48:51,300 --> 00:48:59,130 | care if you learn it really. If you're going to be lazy, I don't care. But if you really want to learn it, I'm telling you what to do. I'm telling you what to |
259 | 00:48:59,130 --> 00:49:16,890 | avoid where your focus should be. If you're bearish you can wait for a run up into the opening range gap. Take out a lunch buyside liquidity pool and then |
260 | 00:49:16,890 --> 00:49:32,250 | watch and see how it trades back below the New York lunch. Hi. If there's a displacement, or does that mean see that we're here? Displacement what does it |
261 | 00:49:32,250 --> 00:49:43,830 | leave this candles high neck candles low? What is that? That's random. Look at that. It's like it's this you know? It has no rhyme or reason. Right? Well, |
262 | 00:49:45,150 --> 00:49:47,040 | that's your 2022 model. |
263 | 00:49:53,370 --> 00:50:07,020 | sell short. And for what I see at the New York lunch low Well, I made this one here at one o'clock. But you can use this one while you're long bullish. I know |
264 | 00:50:07,020 --> 00:50:14,370 | it looks cherry picked and talk about a promise I got something for you. And thinking that right now I promise you to sit tight. But in the afternoon |
265 | 00:50:14,370 --> 00:50:26,010 | session, you can see how that lunch hour plus 30 minutes, that 90 minute window. That lower here's where sellside resides. In the pm session. It reads that |
266 | 00:50:26,100 --> 00:50:36,840 | liquidity. But my CT Look, man, there's some relative equal lows down here and UTS relative equal lows, right. But before you get there, where's the next |
267 | 00:50:36,840 --> 00:50:52,110 | logical rain to look for for in terms of liquidity, that lunch hour or 90 minute period? Now, I said a lot of talking about things that some of you get pissed |
268 | 00:50:52,110 --> 00:50:59,460 | off about because you take some of my news that you were talking down to you but No, I'm talking to you like a friend. If you were friends with me from |
269 | 00:50:59,460 --> 00:51:09,900 | childhood, this is exactly how I talk to you. I know what I'm talking about. I know how to make crazy as profitable traders. But I also have students that are |
270 | 00:51:09,900 --> 00:51:16,740 | fucking lazy. They're not going to do what I tell them to do. They're gonna make excuses why they failed, because they didn't listen any rush too fast to get |
271 | 00:51:16,740 --> 00:51:28,080 | into live trading. That's your mistake. That's not my mistake and hiding things from you. I didn't do that. I'm not doing it here tonight, either. You have |
272 | 00:51:28,140 --> 00:51:41,370 | every advantage after tonight. Going in looking at what I'm looking for, where am I focusing? I promise you after tonight, your shits gonna be different? Yes, |
273 | 00:51:41,790 --> 00:52:01,380 | it's gonna have nots am session ranges 930 in the morning to noon. So right away, we are considering this in the afternoon. So we can always refer to it in |
274 | 00:52:01,380 --> 00:52:15,480 | the same trading day. So we could be anticipating a market reversal profile something to that effect. If we have any long gated market, where say the New |
275 | 00:52:15,480 --> 00:52:26,430 | York session, morning session, rather, of the current trading day is consolidation. And then we have a directional lunch hour or during the lunch |
276 | 00:52:26,430 --> 00:52:37,830 | hour. It's consolidation as well. We can refer to and if we're bearish, we look at the previous session trading. Now. If you look at the previous session here, |
277 | 00:52:37,830 --> 00:52:49,530 | you're using electronic trading. What specific low Am I looking for? I'm looking at the 930 in the morning to noon. If I'm not going to look at the pm session |
278 | 00:52:49,530 --> 00:53:01,890 | range, remember, I'm taking you to very specific pools of liquidity. I'm going to look past the pm session. Well, why would I do that? Because we're already |
279 | 00:53:01,890 --> 00:53:12,720 | trading below it over here. To what I refer to it for sell side, no, we're already below it. So if I'm bearish, what am I looking for? What low Am I |
280 | 00:53:12,720 --> 00:53:23,250 | looking for? What's drawn liquidity Am I looking for? In this regard, I'm using the am session Southside liquidity. If I was bullish, it would be everything I |
281 | 00:53:23,250 --> 00:53:32,370 | just said here in reverse. And opposite, I would be looking for the buy side. But if we're bearish, I'm looking for very specific goals and liquidity. If I |
282 | 00:53:32,370 --> 00:53:44,400 | showed this on regular trading hours, it would still get that low. Very important. Even though I'm showing you not here the electronic trading hours, |
283 | 00:53:44,880 --> 00:53:54,000 | I'm doing this for the sake of showing you an understanding that whether your chart is on regular trading hours or electronic trading hours, and I'm looking |
284 | 00:53:54,000 --> 00:54:09,750 | at the previous daily range, or if I want to trade below yesterday's lows with low Am I looking at the pm session low or the am session low? Very very |
285 | 00:54:09,750 --> 00:54:18,210 | specific, unambiguous not Well, I don't know which one he's looking at. He's always changing shit around. No, not. It's always the same stuff. Always the |
286 | 00:54:18,210 --> 00:54:29,550 | same logic, always the same logic. What's changing is the profile that I'm operating in because the markets delivering a specific way and I have to adapt |
287 | 00:54:29,610 --> 00:54:38,700 | to that. And then I anticipate are not reacting the price. I'm anticipating where it's going to run to. What does that mean? Everything I'm teaching you |
288 | 00:54:38,700 --> 00:54:46,650 | tonight. Now, I don't expect you to watch this tonight. And walk away feeling like you knew everything about what I just said you're gonna need to watch it a |
289 | 00:54:46,650 --> 00:54:56,490 | few times. And if it's something that you don't want to do, you won't learn it. I promise you you won't learn it one time watching it ain't gonna work. You need |
290 | 00:54:56,490 --> 00:55:06,540 | to listen to what I'm saying in here and then go into your charts. spend weeks and months going back through it. That's what will convince you that this is |
291 | 00:55:06,540 --> 00:55:22,260 | sound logic. It's not contrived. It's not conjecture. It's not made up. It's absolutely what the market does every week, every day, and it will not stop. So |
292 | 00:55:22,260 --> 00:55:34,470 | you can see the previous am session low. We were here saw liquidity, this dotted line here denotes we're looking at the 20th of June 2023. So I can't use the |
293 | 00:55:34,470 --> 00:55:44,850 | afternoon session, high and low because we've already starting at 930 right below that. So what am I looking for ICT? What am I supposed to be looking for? |
294 | 00:55:46,560 --> 00:55:58,950 | That low? It doesn't matter if it was a lower low. Okay? Listen, if there was electronic trading hours, showing in ahead a lower low and it went below that |
295 | 00:55:58,950 --> 00:56:10,830 | low here, I would still listen, I would still refer to the pm session range, as I mentioned a little bit ago in this presentation tonight. And before that one, |
296 | 00:56:11,310 --> 00:56:23,190 | I would go to this specific range here. It's a specific time. I don't care about overnight highs and lows, I'm looking at very specific, regular trading hours. |
297 | 00:56:24,780 --> 00:56:35,700 | Regular trading hours is going to be referred to in next trading session. For you they're going to be respected, are blown out. It's simple. That's not hard. |
298 | 00:56:41,100 --> 00:56:49,710 | Alright, so let's blend some things here. Okay. So as you can see, we have several things here in this chart. And this is today's trading the 21st of June |
299 | 00:56:49,710 --> 00:57:02,220 | 2023. And it's the E Mini s&p. And I photoshopped some things in here. Obviously being facetious by saying that the opening range, as I taught you here tonight, |
300 | 00:57:02,520 --> 00:57:10,800 | that was one of the factors I utilize today in the if you're following me on Twitter, I showed my pm session trade, which is what you're seeing here, using |
301 | 00:57:10,830 --> 00:57:26,160 | everything that I taught you tonight. Let's go through it. Okay. This morning, we were watching. Fed Chair Powell gave his testimony at 10 o'clock. And I had |
302 | 00:57:26,640 --> 00:57:37,020 | my favorite usual suspects that like following on Twitter, and on Twitter, on YouTube, rather. And those that were live streaming, I listened to them. And no |
303 | 00:57:37,020 --> 00:57:49,320 | disrespect gentlemen. And ma'am. They had really no idea what was going on. Which is exactly what one would expect. Because the markets gyrating and going |
304 | 00:57:49,320 --> 00:58:00,720 | sideways, is this churning up accounts going sideways beating up everybody. You have to wait until we get through lunch. If Fed Chair Powell is going to talk. |
305 | 00:58:01,710 --> 00:58:18,150 | And it's a 10 o'clock testimony, or whatever. We wait for much. Just wait for lunch. If you do that, you will get the cleanest setup for the day. The ease? |
306 | 00:58:18,180 --> 00:58:29,640 | What does that mean? Cleaner setup? Like? What do you mean when you say that? Where everything just simply jumps off the chart. And just it makes itself very |
307 | 00:58:29,760 --> 00:58:39,210 | obvious. You want setups that are very obvious that's clean, okay? I don't want you as my student going into the marketplace and trying to just be an action |
308 | 00:58:39,210 --> 00:58:48,510 | hound and try to trade everything. I don't teach my students to do that. The ones that blow their accounts or fail, they're funded account challenges. That's |
309 | 00:58:48,510 --> 00:59:00,390 | a characteristic that they have. That is not a derivative of learning from me. That's a personal character flaw. And you can correct it, you can fix it, but |
310 | 00:59:00,390 --> 00:59:14,010 | you can't place that blame on me. If you wait, and you listen, I counsel all of you real real time live on Twitter. Don't touch this right now. All right, focus |
311 | 00:59:14,010 --> 00:59:28,620 | on this time today. And when it's appropriate, I'll point to where the mark is going to go to next I did that today. The opening range gap here was utilized to |
312 | 00:59:28,620 --> 00:59:41,700 | get would otherwise be done. If you had done the same entries and medicine the same position would have resulted in a $9,362.50 before commissions. Now I don't |
313 | 00:59:41,700 --> 00:59:50,400 | know about you where you are in the world and your walk in life. But almost $10,000 is pretty respectable amount of money. I mean, you can go on a nice |
314 | 00:59:50,400 --> 01:00:00,750 | vacation with that and get your spouse something really nice. You probably do some really good Christmas shopping with that. So that's not chump change. And I |
315 | 01:00:00,750 --> 01:00:16,830 | want to think about the logic that's shown here. Pal 10 o'clock, trash market, okay, just ignore it. Just ignore it, just don't even worry about it all, but |
316 | 01:00:16,830 --> 01:00:27,390 | it's gonna run, it's going to move that is you as a neophyte trader, and an action hound, you feel like you have to be able to do something in that, I'm |
317 | 01:00:27,390 --> 01:00:37,950 | telling you, I'm telling you with 30 years of experience, you don't need to. You don't need to, it's liberating when you just relax and say, You know what, this |
318 | 01:00:37,950 --> 01:00:47,220 | is the highest degree of manipulation right now. And you don't, I don't know what they're going to do, because they can manually intervene and send price |
319 | 01:00:47,310 --> 01:01:00,780 | careening higher or lower, and you won't be able to see it coming. So Don't torture yourself, do something else sleep in. Go have breakfast with your |
320 | 01:01:00,780 --> 01:01:13,710 | spouse, work out longer. Take your boat out, ride your jet skis, to the grass, whatever, don't do, don't do anything in the marketplace. Just wait. And then |
321 | 01:01:13,740 --> 01:01:31,470 | what time does your shift start? At 130. That's when the macro will start running. At 130, the market creates a low here, market trades down below. to New |
322 | 01:01:31,470 --> 01:01:44,550 | York, lunch sells high liquidity again, they can sweep it again. But notice it doesn't take that low here. I don't require to the logic is it's going down here |
323 | 01:01:44,550 --> 01:01:58,410 | once more just in case. Rallies comes back down into this down closed candle, which is a bullish order block. I'm not teaching you order blocks in this |
324 | 01:01:58,410 --> 01:02:12,300 | lecture. The market rallies, we have displacement again, fair value gaps and whatnot, I promise you, I'm going to take you into a 15 second chart where I |
325 | 01:02:12,300 --> 01:02:23,010 | utilize the information I'm going to show you here, what I saw was the market dropped down below the initial New York launch sell side liquidity. It's |
326 | 01:02:23,010 --> 01:02:34,080 | dropping down below here. And then I'm anticipating it to go up into the opening range gap. That's this shaded area up here. I don't need to show you an example |
327 | 01:02:34,080 --> 01:02:43,800 | where it goes all the way up there. I'm teaching you low hanging fruit, that's the first threshold for you to learn under my wing. You can and you can see it |
328 | 01:02:43,800 --> 01:02:55,560 | tonight. The logic is leave a partial on for that. But I'm trying to encourage you while you're learning to learn how to do this modularly step by step, you're |
329 | 01:02:55,560 --> 01:03:02,910 | not going to go out there and do a lot of contracts in one time, you won't know how to do the pyramid thing that you're going to watch me do here in a moment, |
330 | 01:03:04,320 --> 01:03:15,960 | you're not going to know all that stuff. Okay. And to remove all of the man I wish I would have had a partial on, I wish I would have held it longer, you |
331 | 01:03:15,960 --> 01:03:24,150 | don't know where your growth is going to be and how long it's gonna take you to get to a point where you can trust doing that. So I allow for and I build into |
332 | 01:03:24,150 --> 01:03:36,510 | my teaching room for you to develop independent from my personal timing. See, what I think a student should require in terms of learning may be more or less |
333 | 01:03:36,510 --> 01:03:45,570 | than what it's going to require for you. So I'm trying to be a realistic mentor, not just someone that says, go through my workshop, go through my training and |
334 | 01:03:45,570 --> 01:03:54,750 | this many days, months, weeks or whatever, you're going to come out knowing what you're gonna do. And if you can't, then you suck. That's not practical. So what |
335 | 01:03:54,750 --> 01:04:05,130 | I do is I teach you where the markets gonna go. What is your Terminus? Terminus while you're first learning is the easiest low hanging fruit objective. So if |
336 | 01:04:05,130 --> 01:04:19,650 | we're buying down here, on the basis that that sell side liquidity pool for lunch has been swept here and we'd see this returning but not respecting the run |
337 | 01:04:19,650 --> 01:04:28,590 | into and below that low. It's denying that and it showed a willingness to repel back above this low. That's what I was looking through all of this load here. |
338 | 01:04:28,620 --> 01:04:38,430 | I'm looking past all that going right to that low rate there. Remember this low here doesn't get taken out until the pm session. Look at your chart. Now. I |
339 | 01:04:38,430 --> 01:04:51,150 | mentioned it earlier. This low I trusted it. But Michael What happens if it went down here then I would have got stopped down. What? Yeah, sometimes I get it |
340 | 01:04:51,150 --> 01:05:01,710 | wrong. Sometimes I mess it up. Sometimes I bring the baggage, okay, the scar tissue or my ego into it and I try to outperform my own algorithm. And I get my |
341 | 01:05:01,710 --> 01:05:10,230 | ass handed to me don't get stopped out. If the trades still valid, I'll go back and re enter. You've watched me do that. I've recorded myself doing that. Go on |
342 | 01:05:10,230 --> 01:05:21,060 | Twitter, it's there. It's there. If I get it wrong, you see it, I get stopped out, you see if I get stopped out and it's still good trade, I'll get back in. |
343 | 01:05:21,060 --> 01:05:33,240 | And if I get stopped out, then I'm done. I'm done. I don't hide that from you. So I'm buying under the premise that we're returning into that sells out |
344 | 01:05:33,240 --> 01:05:43,770 | liquidity here one more time. What is it doing here, though, it's not taking not that low. What is it doing? It's trading below the rejection block, what's the |
345 | 01:05:43,770 --> 01:05:54,810 | lowest closing price in this swing? I don't need that low to be taken out. I don't want to see it taken out. So all the understanding of price action over |
346 | 01:05:54,810 --> 01:06:08,190 | here, I'm anticipating this accumulation. And smart money jumping on board like I was to run to relative equal highs and more specifically, inside the opening |
347 | 01:06:08,190 --> 01:06:26,880 | range from regular trading hours where we stopped trading. And where we started trading. 4222 and a half. That's this high in here. I could have very easily had |
348 | 01:06:26,880 --> 01:06:31,860 | a runner, run up in here and try to get one tick below, the higher the opening range gap. |
349 | 01:06:33,300 --> 01:06:42,180 | But if I do those types of things, you already some of you already get pissed off at your own performance because you think you should have 30 years of |
350 | 01:06:42,180 --> 01:06:50,310 | experience and Performance and Results too, because you watched my videos, or you spent enough time, which isn't realistic, because none of us spend enough |
351 | 01:06:50,310 --> 01:07:01,710 | time to do what I'm doing. It's not ego. It's not. It's not arrogance, it's real. practicality. I mean, think about it, folks, I may have 30 years of |
352 | 01:07:01,710 --> 01:07:11,610 | experience, but I can't pour that into you in a short period of time and you have 30 years experience to it, it's unrealistic. And some of you are very hard |
353 | 01:07:11,610 --> 01:07:22,530 | on yourselves and you think that you should be able to do what I do. So I try to teach with that in mind. And I teach low hanging fruit, those terms are my way |
354 | 01:07:22,530 --> 01:07:31,890 | of saying okay, if it's gonna go higher, where's it gonna go to logically? Well, if it's taken sell side out here, that means to sell stocks have been rated |
355 | 01:07:31,890 --> 01:07:42,930 | there. And we swept down into the rejection block and preserve that low in the afternoon should see a run up into that gap. And for those that are wondering, |
356 | 01:07:42,960 --> 01:07:51,660 | why should that happen and not take out the relative equal lows is because we've already worked below that am session low. Remember, before we treat into them or |
357 | 01:07:51,660 --> 01:08:01,110 | not treated with transitioned into this slot here, we traded into the previous session am loves. So we were really in a deep discount. In that opening range |
358 | 01:08:01,230 --> 01:08:13,320 | gap has not been traded into from the open it open and ran away from it quickly. It's never came up to it until here. And it left what relative equal highs what |
359 | 01:08:13,320 --> 01:08:23,010 | time of the day to do it between 12 o'clock and 130. So that's your lunch boss on liquidity. Everybody that short thinks is gonna keep going down. That's where |
360 | 01:08:23,010 --> 01:08:40,140 | their stop loss is. Who's doing it funds. Not retail Rick, large funds, deep pockets. Buying in every time the market gave me a buying opportunity, very |
361 | 01:08:40,140 --> 01:08:49,980 | specific PV arrays on a 15 second chart I was entering. This is a one minute chart. By the way, if you're looking at here, it's one minute. Every one of |
362 | 01:08:49,980 --> 01:08:58,320 | these entries were based on a 15 second candle. I recorded it I've already shared it on Twitter. But for the folks that don't have Twitter or refuse to |
363 | 01:08:58,320 --> 01:09:06,960 | watch it because you don't want to be on the bird app or whatever. I got you covered tonight. But every time it reached above relative equal highs, I'm |
364 | 01:09:06,960 --> 01:09:21,390 | taking a partial profit up in here another partial profit above this high here partial profit and above the high here partial profit. So I don't require it to |
365 | 01:09:21,390 --> 01:09:34,170 | trade above this high. And I'm teaching you that you don't need to do that either. I mean, if you got out just with this 4422 and a half that's below the |
366 | 01:09:34,170 --> 01:09:43,920 | actual liquidity rub that above this high. And if you mimic the same trade in your own account, whether it be funded or in live funds, and you profited |
367 | 01:09:43,920 --> 01:09:53,460 | $9,363.50, are you going to beat yourself up because you didn't have that run up to the opening range gap high? Some of you might, and that would be unfortunate. |
368 | 01:09:53,490 --> 01:10:03,540 | That's not what I want you to think that would be really a toxic mindset about your performance and what you're trying to Do you try very, very hard to filter |
369 | 01:10:03,540 --> 01:10:11,370 | out negative thinking. That's why social media is a worst social medias like cancer, okay for developing students, because everybody's got an ego. They're |
370 | 01:10:11,370 --> 01:10:18,150 | all porn addicts out for measuring competition, okay. And the point is, you're trying to learn how to make money. And all I'm trying to do is teach you how to |
371 | 01:10:18,180 --> 01:10:24,960 | keep stay in the game long enough. So you can keep your money, learn the skill sets I'm showing you so that way you can leave your fucking job and then live |
372 | 01:10:24,960 --> 01:10:30,960 | your life and do whatever you want to do. Okay, and you don't need to listen to the rest of your life. I don't want I don't want to be doing these videos, I'm |
373 | 01:10:30,960 --> 01:10:38,250 | gonna be doing it. So I'm leaving you a legacy so that we can come back to this information, take your kids to this information, whatever, and build legacy |
374 | 01:10:38,250 --> 01:10:48,210 | wealth. You don't need, you don't need to entertain these people's egos. You don't need to come back and keep me feeling good about myself either. This stuff |
375 | 01:10:48,300 --> 01:10:59,580 | works. But you have to graduate in your understanding about where's it gonna go and be realistic. And then over time, when you start seeing this unfold, reasons |
376 | 01:10:59,580 --> 01:11:10,410 | for to go higher. You leave a runner on. That's the only way if you're in their trading, and you're thinking yourself, man, I don't know, I should probably |
377 | 01:11:10,410 --> 01:11:18,240 | leave a runner on here. I know if I leave a runner on, it's probably going to stop me out. And if I don't put one on who's going to run or put one on? What's |
378 | 01:11:18,240 --> 01:11:26,190 | the worst thing gonna happen? It's gonna stop you out in profit. See, you're wrestling with being right. In many of you are trying to do that if you're doing |
379 | 01:11:26,190 --> 01:11:35,130 | in front of an audience. That is hard. Because not only are you wrestling with your internal dialogue, about what you should do and how you're managing the |
380 | 01:11:35,130 --> 01:11:45,240 | trade, but you're inviting everybody else's speed back to your trade. And guess what? Guess what, cowboy. That's not your trade anymore. Even invited the entire |
381 | 01:11:45,240 --> 01:11:58,020 | community that's watching you and your audience to manage your trade for you. And that means you brought in a level of uncertainty, fear, pride and pain that |
382 | 01:11:58,020 --> 01:12:04,950 | would otherwise not be there. If you were disquiet about what the fuck you're doing. That's what this is all about, folks. It's not about getting out there |
383 | 01:12:04,950 --> 01:12:14,310 | and Shobu showboating to show what you can do and prove this prove that isn't going to matter. When you're paying off a house. How many people believe you did |
384 | 01:12:14,310 --> 01:12:22,320 | it? How many, you're going to have to come back here on social media when you hit seven figures and you're a millionaire. How many of you have to come back to |
385 | 01:12:22,320 --> 01:12:31,770 | social media and go to the usual suspects and say haha, ICT made me a millionaire. If you think that you're doing this shit for the wrong reasons. The |
386 | 01:12:31,770 --> 01:12:40,800 | people that are really killing it. They don't come to my Twitter. They don't leave comments in my section of my videos. They don't do any of that stuff. |
387 | 01:12:41,220 --> 01:12:50,910 | They're out there living a life. They've already thanked me. They've already shared a testimony. And they're doing big wheel shit. Grow like that. |
388 | 01:12:58,860 --> 01:13:13,140 | Alright, so this is a 15 second chart. And I have to make sure that I don't play sound on this site to make sure I do this correctly. |
389 | 01:13:18,210 --> 01:13:28,890 | I record a song that I typically do on Twitter. I love Twitter for that reason. It's like a, like, a text message to you. Like if you had my personal phone |
390 | 01:13:28,890 --> 01:13:38,760 | number. And yes, there's a lot of people that have it. Yes, they fucking abuse it. And yes, I'm changing my phone number in November. A lot of you that, listen |
391 | 01:13:38,760 --> 01:13:46,920 | to me or follow me on Twitter, when I'm tweeting. That's the same thing as if you were like my best friend. And I'll say, Hey, look at the look at this market |
392 | 01:13:46,920 --> 01:13:59,310 | here. That that's real time right now, right from my mind read into Twitter. And I can't put the music on in a presentation format that I love doing over the |
393 | 01:13:59,310 --> 01:14:08,130 | years, I used to be on Twitter. Before leaving it, they started censoring me and I left it and I came back. And one of the things I was looking forward to was |
394 | 01:14:08,220 --> 01:14:16,500 | going back and doing vignettes where I record myself executing, putting on a trade putting a stoploss on managing it for putting on a pyramid position |
395 | 01:14:16,500 --> 01:14:25,080 | building up taking profits and watching the position go from beginning to end. And I usually put a song on air it may not be the type of song that you like it |
396 | 01:14:25,080 --> 01:14:32,550 | may have foul language in it and may be a genre that you don't like I don't give a shit because it's what I like, Okay, I like doing that because it's just what |
397 | 01:14:32,550 --> 01:14:43,110 | I like doing. It's usually received well in the community, but I can't play that here because I'll get a copyright strike and I don't need all that shit here. So |
398 | 01:14:43,740 --> 01:14:52,860 | I'll leave a link so you can look at it and the format that I gave on Twitter but you don't need it's gonna be the same thing here. As a reminder, every |
399 | 01:14:52,860 --> 01:15:04,620 | candlestick you're seeing here is a 15 second duration. Now think about that. Lunch To sellside liquidity pool, and where the market is going to go up to know |
400 | 01:15:04,620 --> 01:15:13,560 | right now you're looking at the dollar index, it's going to change over to index futures. But I want you to think about what I showed you before we got to this |
401 | 01:15:13,560 --> 01:15:23,220 | slide here. Because when, when the video starts playing, it's like two minutes long. And I'll walk you through as much as I can. But everything that has |
402 | 01:15:23,220 --> 01:15:34,560 | already been told to you tonight, that's what I was using. Okay, I promise you, I didn't have something secret. Okay? i Everything that I taught you tonight is |
403 | 01:15:34,650 --> 01:15:45,300 | exactly what I implemented here. Everything I'm commenting and annotating in the chart real time as I'm recording it. That's what I was seeing. So I try to do as |
404 | 01:15:45,300 --> 01:15:52,410 | much as I can in terms of annotating the chart showing the reference points where I think the marks gonna be respecting certain levels and why it should |
405 | 01:15:52,410 --> 01:16:03,450 | behave a certain way. Keeping in mind, I'm doing this with 15 Second candlesticks. So I have to know what the fuck I'm talking about, to be able to |
406 | 01:16:03,450 --> 01:16:10,140 | do this, to be able to annotate it, show you where the levels are gonna be respected. And I was going to reach out to this and think about seriously, |
407 | 01:16:10,200 --> 01:16:19,320 | seriously, folks, think about what would be necessary to be able to know what's going on. If you're just simply looking at the 15 second chart, like everybody |
408 | 01:16:19,320 --> 01:16:28,920 | else on Twitter was doing today. And they watched it and look at the comment section, like what the heck, what the hell's going on? What did he say? Forget |
409 | 01:16:28,920 --> 01:16:38,700 | the timeframe. Forget the timeframe. Think about what I've told you tonight with the lunch macro. It's running down to the sell side. And it's going back up into |
410 | 01:16:38,700 --> 01:16:48,540 | the opening range gap to take the buy side on the New York lunch. Hi, where the buy side is. That's all that I'm doing. And I'm going to use every PV array, |
411 | 01:16:48,780 --> 01:16:58,710 | that is discount, I'm going to put in every every one of these things could have been your individual entry. Based on the things I've taught just using a 15 |
412 | 01:16:58,710 --> 01:17:08,040 | second chart. Now there's other things if you were looking at a one minute chart, before less entries, obviously, but you could see certain entry patterns |
413 | 01:17:08,040 --> 01:17:19,650 | or PD arrays to get into the trades. Based on a one minute chart two minute three minute four, or five, or a 15 minute chart, but you have less entry |
414 | 01:17:19,650 --> 01:17:27,990 | opportunities, the higher timeframe that you go. So this to add insult to injury for the people who say is this bullshit, and it's faked and all this other |
415 | 01:17:27,990 --> 01:17:39,300 | stuff, I go into these ultra short term timeframes, just to overkill, just to rub their nose in it, to show you that this stuff works, and it will work for |
416 | 01:17:39,300 --> 01:17:45,360 | you, it ain't gonna work for you the first time you watch the video and ain't gonna be working for you, because you've watched a couple videos and you wrote a |
417 | 01:17:45,360 --> 01:17:51,120 | couple of sentences there, and you think that's journaling, you're gonna have to really roll your sleeves up and dig into this stuff and study it, it's a |
418 | 01:17:51,120 --> 01:18:02,520 | lifestyle. If you don't make it a lifestyle, forget about it, it's not going to work for you, you have to be passionate about it. Alright, so I'm going long |
419 | 01:18:02,520 --> 01:18:13,170 | here, when the s&p, and here's that run that didn't take out the low at one o'clock. And I'm adding pyramiding. And I've already annotated that fair value, |
420 | 01:18:13,170 --> 01:18:20,550 | get in told you that it's an inversion fair value, that means it's going to go above it, treat it as support, and then rally up into the BI sides that I'm |
421 | 01:18:20,580 --> 01:18:31,350 | showing you here. So you can already see that 4422 Even level is highlighted as Basa liquidity notice, it's below that higher showing you when we were covering |
422 | 01:18:31,350 --> 01:18:41,790 | the lunch. liquidity. So this is order block, it's reclaimed. And it dug into the inversion fair value gap. And for the folks that think and all the Otterbox |
423 | 01:18:41,790 --> 01:18:49,830 | doesn't work. See here, that entire ranges, they were blocked. And I'm adding into it here inside the fair value gap that is already identified as an aversion |
424 | 01:18:49,830 --> 01:19:02,730 | for your makeup. To this is going to be dynamic support here, watch out respects it I've already shown you here it's gonna go up. And just like magic on a 15 |
425 | 01:19:02,730 --> 01:19:10,560 | second chart and look at that. So unbelievable, isn't it now my stop loss is below the inversion fair value gap. And I'm showing you where the executions |
426 | 01:19:10,560 --> 01:19:13,920 | are. So everything matches Now, folks, this is not replay. No net bullshit |
427 | 01:19:19,380 --> 01:19:31,410 | is another partial here. And my stop is below the low at 4416. I don't want to chase it up here because that's inefficient. It can trade down inside that so I |
428 | 01:19:31,410 --> 01:19:40,650 | don't want to put a stop loss at 4417 and a half. It can come back in there deeper. I'm making allowance for that. So my stop is staying below that. I'm not |
429 | 01:19:40,650 --> 01:19:55,680 | in a hurry to guarantee higher profits. I'm more concerned about my limit orders filling my stop is not being concerned about and here comes another run up into |
430 | 01:19:55,740 --> 01:20:07,770 | a 10 lock limit order that would put me at five remaining. See retracement down in there. I'm not worried about that you might be freaking out because you put |
431 | 01:20:07,770 --> 01:20:14,760 | your stop loss higher, or maybe even stopped out. But this is proper stop loss management. And here's the limit order. And then now we're going to run for that |
432 | 01:20:14,760 --> 01:20:26,190 | buy side here. And then once it runs that high, I'm wanting to trail my stop loss up, then this is exactly what I shared on Twitter today. Everything was |
433 | 01:20:26,190 --> 01:20:39,780 | recorded, this is not Market Replay. This is not the trading view, replay none of that stuff. Okay. The logic that I showed here, doesn't show everything that |
434 | 01:20:39,780 --> 01:20:50,010 | I taught tonight. But what I was utilizing, because you don't hear me talking in in the trade. But the things that I'm doing to trade this. Everything I'm doing |
435 | 01:20:50,430 --> 01:21:00,720 | is what I was teaching you tonight. It's not conjecture, I didn't form fitted. I do this stuff every single week with you on Twitter, over and over and over |
436 | 01:21:00,720 --> 01:21:08,940 | again. And when time permits it, I'll give an example every single day. Today I gave several examples. This one today, I told you to wait for the pm session, |
437 | 01:21:08,940 --> 01:21:22,380 | that was the morning advice. And I went in there and murdered it. So every single one of these individual entries. That could be your model. Some are |
438 | 01:21:22,380 --> 01:21:32,790 | better in terms of where their entry was, but I'm using them as pyramiding opportunities. None of the things in here that I showed violated any of the |
439 | 01:21:32,790 --> 01:21:45,840 | bullish order flow. This is real order flow. Notice there's no DOM depth of market level to data required. No book map required. Everything that I've |
440 | 01:21:45,840 --> 01:21:58,590 | outlined here is shown to you on a time based chart. My partials are based on liquidity. Look at my exits on the partials there at the highs. My entries are |
441 | 01:21:58,650 --> 01:22:08,850 | in very key levels, that would be a discount or re for what I've taught you. And I've done so on a 15 second chart that's not even a minute. It takes for these |
442 | 01:22:08,850 --> 01:22:19,170 | individual candles that make one minute. Does it look like noise? Do you look at how the market reacted? Right there. I time traveled folks, I time traveled. |
443 | 01:22:19,530 --> 01:22:27,030 | When we were down here. I drew this out and labeled it in version fair value. For the folks that have been following me for the last couple of weeks. In the |
444 | 01:22:27,030 --> 01:22:39,690 | month or so. Probably two months, I introduced the inversion fair value gap. Okay, so every one of my PD arrays can be utilized as a contrarian entry. But |
445 | 01:22:39,690 --> 01:22:46,020 | unless you have the narrative in mind, knowing where's it going to reach more, where's the liquidity? It's gonna be drawing price next. How do you know how do |
446 | 01:22:46,020 --> 01:22:56,850 | you know that ICT? Well, you started with the weekly candle. Where's it going to gravitate to? I don't care if you use another way of trading folks. I don't care |
447 | 01:22:57,000 --> 01:23:04,590 | if you do trade with harmonic patterns. Okay, if you use what I'm teaching you here tonight, it's going to make your shit start working. The times that it |
448 | 01:23:04,590 --> 01:23:13,230 | fails, it's going against what I'm teaching tonight, I promise you that is not arrogance or pride or ego speaking. Your shit ain't working when it goes against |
449 | 01:23:13,230 --> 01:23:24,750 | this. If you trade retail concepts with this stuff, your retail shit will start working. You don't have to like me. Okay, you don't have to tell everybody that |
450 | 01:23:24,750 --> 01:23:34,590 | you trade, SMC or ICT or whatever fuck you want to call me. I don't care. I really don't care. But I really want to see you succeed. Even if you fucking |
451 | 01:23:34,590 --> 01:23:41,640 | hate my guts. And you troll me and you make videos about me and all about bullshit. I don't care. I'm not losing any fucking sleep. Okay, I can still do |
452 | 01:23:41,640 --> 01:23:53,280 | this stuff, whether you love me or hate me. And I really want you to listen. And you never ever, ever have to tell me that didn't improve your trading. I don't |
453 | 01:23:53,280 --> 01:24:08,040 | need it. I know it works. I want you to think about everything I talked about tonight. And how it gives you a plethora of opportunities that will always be |
454 | 01:24:08,040 --> 01:24:21,000 | there. Folks, these intervals, they happen every day. And guess what? They can't hide it. They cannot hide this information from you. It doesn't require any kind |
455 | 01:24:21,000 --> 01:24:30,300 | of subscription to any fucking thing. It doesn't require you to do anything extra. It simply just looking at the time intervals. Where is that pool of |
456 | 01:24:30,300 --> 01:24:40,560 | liquidity above and below and where does it fit in the narrative? I'm guiding you I'm teaching you but tease me by as ICT This is all part of it. It's all |
457 | 01:24:40,560 --> 01:24:58,080 | part of it. Go back and look at the tweets. I've told you the focus on the pm session, but it's at 130 to four o'clock think how many opportunities are going |
458 | 01:24:58,080 --> 01:25:07,980 | to be much more within reach for you now, because you have this understanding of price. It doesn't mean you're going to go out and do it tomorrow. Remember I |
459 | 01:25:07,980 --> 01:25:18,570 | said in this lecture tonight, you have to go through weeks and months of back testing, studying what it's done, logging it, journaling it, and encouraging |
460 | 01:25:18,570 --> 01:25:26,790 | yourself in the commentary in the chart that you screenshot that you put into your journal. And you talk to yourself, like you knew it was going to happen in |
461 | 01:25:26,790 --> 01:25:34,710 | advance. And you're tricking your subconscious into believing that is experience. And because you're sugarcoating it with everything positive, and |
462 | 01:25:34,710 --> 01:25:43,800 | you're never saying anything negative, when you watch real time price, it won't feel scary. Subconsciously, if you always looked at price action, or looked at |
463 | 01:25:43,800 --> 01:25:52,650 | people like me or other people that you think are fraud scammers, or they don't really know how to trade or whatever, you are literally flooding your brain with |
464 | 01:25:52,650 --> 01:26:04,200 | toxicity. And I guarantee you probably can't make a fucking Penny trading because you've done that. This game is 90% psychological, it's easy to talk |
465 | 01:26:04,200 --> 01:26:13,740 | yourself out of it. And it's easy to program your mind to keep you in the game before you really know the skill set. You have to cheerlead yourself, nobody's |
466 | 01:26:13,740 --> 01:26:23,310 | gonna be able to do it for you just watch my videos is not enough. I promise you, I have paid members that paid me. And they still can't do it. Because they |
467 | 01:26:23,310 --> 01:26:32,040 | have not done what I've told them to do. Or they think they've done enough, but they haven't. The fruits and the results will come because of what they've done. |
468 | 01:26:32,250 --> 01:26:40,080 | And they gotta leave the bullshit at the door when they come in. They can't bring in Wycoff theory and harmonics and other stuff and try to blend it |
469 | 01:26:40,080 --> 01:26:49,470 | together. You have to learn this first, forget all that stuff. Learn this. And then once you understand this, it's easy to go into a John Murphy, financial, |
470 | 01:26:50,430 --> 01:26:59,940 | technical analysis, the financial markets, that's the retail traders Bible. Everything in that book, everything in that book can be contouring, if you |
471 | 01:26:59,940 --> 01:27:11,520 | understand this, but same side of the coin, if you flip it over, you can make these retail concepts work, if you understand this premise tonight. See, the |
472 | 01:27:11,520 --> 01:27:18,630 | problem with retail traders is they don't look at the market like this. They're looking for patterns for pattern sake. They're looking for indicator |
473 | 01:27:18,630 --> 01:27:29,130 | confirmation. They're looking for things that cuts through all the they think noise or uncertainty or randomness of price action. If you're believing that |
474 | 01:27:29,130 --> 01:27:36,240 | price is random, what the fuck are you thinking the indicator is going to do? It's not changing the randomness. It's just adding something else to believe in. |
475 | 01:27:38,010 --> 01:27:47,220 | So that's not the right way. The right way is understanding why price delivers the way it does. And it does on the basis of time. And price. There's a time |
476 | 01:27:47,700 --> 01:27:55,410 | that it operates. And it's reaching towards very specific price. I've already taught you the time elements. And tonight I've already taught you the price |
477 | 01:27:55,410 --> 01:28:07,050 | elements, time and price. Between those two, you will always have a setup for life. You can have a breaker, you can have a institutional order flow entry |
478 | 01:28:07,050 --> 01:28:15,720 | drill, you can have a fair value gap in inversion fair value. I did this trade today, the rub the nose of the guy that was in my comment section and you know |
479 | 01:28:15,720 --> 01:28:26,400 | you don't see him. But he's in the videos, right? It looks like my comment section open is open rather like it's usually the pre recorded videos, I think |
480 | 01:28:26,400 --> 01:28:33,990 | it's I think I don't think it lets you do a comment or doesn't look like it's gonna be comments open for a live stream. But when I do a pre recorded video, |
481 | 01:28:34,890 --> 01:28:41,130 | the section underneath the video, it looks like you can leave a comment. And I have so many people saying first first first first comment, whatever. That's |
482 | 01:28:41,130 --> 01:28:51,000 | silly. But invariably, I get some goober that comes in there and will say like, you know, this has never done in advance in your making this stuff up. It |
483 | 01:28:51,000 --> 01:28:59,430 | doesn't work. It only works sometimes. That's true for you, because you don't know what the fuck you're doing. But I know what I'm doing. And in inversion |
484 | 01:28:59,430 --> 01:29:08,970 | fair pay gaps. I know what's fair pay gap is going to be inverted. Here it is folks. And I've shown it to you on a 15 second chart. Like you can't get any |
485 | 01:29:08,970 --> 01:29:14,340 | plainer than that. It's real. It's absolutely |
486 | 01:29:14,370 --> 01:29:28,710 | a real phenomenon. It's really there. But you know what makes it valid? And how to predict it. Understanding liquidity, understanding time and price. That lunch |
487 | 01:29:28,740 --> 01:29:42,000 | hour that nobody goes to lunch. The algorithm runs on that liquidity and then it starts repricing and spooling to the next poor liquidity. So since it took sell |
488 | 01:29:42,000 --> 01:29:52,740 | side, okay, what did I teach you? Price only goes up to take by side or by stops. Or it goes up to an inefficiency above market price. That's the only two |
489 | 01:29:52,740 --> 01:29:58,890 | fucking reasons that price goes up period in a story. I don't care how many years you've been trading. You can call yourself a market maker. I don't care |
490 | 01:29:58,890 --> 01:30:06,660 | what institution you work for. You bank that this one, you did this trading for that when you manage funds, I don't give a shit. Price only goes up for one or |
491 | 01:30:06,660 --> 01:30:13,950 | two reasons to go up to inefficiency above market price where it runs up for buy side liquidity buy stops. That's it, folks. That is it. It's not going up |
492 | 01:30:13,950 --> 01:30:22,650 | because buying pressure, it's not going down because selling pressure. It's going down for inefficiency below market price, or it's going down for salsa, |
493 | 01:30:22,650 --> 01:30:33,690 | liquidity period and the story that is it. If it's not doing one of those two things. It's going sideways. I already teach you and taught you. The economic |
494 | 01:30:33,690 --> 01:30:42,090 | calendar tells you when it's gonna consolidate. So what does that leave? up or down? Okay, how do you know if it's gonna go up or down? Look at the weekly |
495 | 01:30:42,090 --> 01:30:52,740 | chart. What is he going to reach for on a weekly candlestick? Something above the price or below the price? Which is the most obvious there's gonna be a fair |
496 | 01:30:52,740 --> 01:31:04,800 | value gap or liquidity, which is the most easiest, closest proximity pdra It's probably going to go to that one. But what if you're wrong, then you fucking |
497 | 01:31:04,800 --> 01:31:14,550 | lose? You're gonna lose sometimes you're gonna lose, folks, you're gonna get it wrong sometimes. Why are you afraid? Look at how many new opportunities are made |
498 | 01:31:14,550 --> 01:31:24,990 | available to you now, you have information that is not found anywhere else. I have laughed at all these fucking clowns for 30 years on an internet, pretending |
499 | 01:31:24,990 --> 01:31:38,610 | they had some kind of Holy Grail and are clueless. They're absolutely clueless. And they perpetuate and regurgitate all the stuff that I bought in books, over |
500 | 01:31:38,610 --> 01:31:46,350 | 2000 books, and it's all horseshit. And I just can't bring it to throw, I can't bring myself to the point of throwing it away. Because number one, I spent a lot |
501 | 01:31:46,350 --> 01:31:58,500 | of good money on it. I worked hard for that money. And it just reminds me of what I had to wade through. And all the horseshit and lies and garbage that |
502 | 01:31:58,500 --> 01:32:08,130 | people believe that makes these markets move up and down. And it's all horseshit. It's a waste of time, all the things that you think is going to make |
503 | 01:32:08,130 --> 01:32:15,750 | the price go up and down. If it's in a book, unless I wrote it, it's all horseshit. And yes, I just let pride and ego speak right there because I can do |
504 | 01:32:15,750 --> 01:32:27,480 | it, I have the authority I have the authority to do so. You have a setup for life, if you use this information, I have given you the freedom to be able to |
505 | 01:32:27,480 --> 01:32:39,150 | pick what your entry model is going to be. Which one are you going to use? Is it going to be an overbought affair where you get optimal trade entry, inversion |
506 | 01:32:39,150 --> 01:32:55,950 | fare, Vega, turtle soup, consummate encroachment of a wick all these things are left into your hands. And I'm making allowance for that because I don't know |
507 | 01:32:56,220 --> 01:33:08,730 | where you started in my videos. And if you're wondering where to start, the 2022 Model for 2022 mentorship, it's 41 videos, I promise you if you start there, you |
508 | 01:33:08,730 --> 01:33:17,790 | will get the shortest route to going into the charts and finding something that works every fucking day. Every day works every day. Now here's, here's the |
509 | 01:33:17,790 --> 01:33:29,040 | caveat. It may not work in the market that you're looking at right now. But it's in every single one of these markets. It's in there. So what does that mean? If |
510 | 01:33:29,040 --> 01:33:39,900 | you're an index trader, it will be in one index. It may be in multiple index, but it might only BM one. And that's why I teach you to look at all three of the |
511 | 01:33:39,900 --> 01:33:52,680 | averages, the Dow the NASDAQ and the s&p. It may not be in the pound, but it is in the euro. You see the difference? That's why I teach at least a try it when I |
512 | 01:33:52,680 --> 01:34:04,800 | taught predominately only Forex. I was teaching dollar euro dollar and POUND DOLLAR. You can't miss it, then it's there. You have to have intermarket |
513 | 01:34:04,800 --> 01:34:15,630 | relationships and study like that. With a closely correlated market. Euro and cable or euro dollar and POUND DOLLAR are closely correlated. They're inversely |
514 | 01:34:15,630 --> 01:34:25,680 | correlated with the dollar. So when the dollar goes up, they go down. But just because the dollar is going down doesn't mean it's a good body and Euro |
515 | 01:34:25,710 --> 01:34:33,720 | sometimes it's a better buy in cable. Most times it's better than cable, better income, wherever, but there's gonna be times when the dollar is going sideways |
516 | 01:34:34,170 --> 01:34:45,450 | in the Euro, or cable may outperform one or the other. What does that mean? It just means that real trade is not in now and it's in the exotic, meaning that |
517 | 01:34:45,450 --> 01:34:54,510 | you can use the POUND DOLLAR if it's really running, or if it's predisposed to go up more if the dollar is consolidating. That means you probably have a really |
518 | 01:34:54,510 --> 01:35:06,360 | good trade short, I'm sorry long in pound yen. Don't take my word For considered, I've done lessons and core content about that stuff to those videos |
519 | 01:35:06,360 --> 01:35:16,650 | are not coming down in November. Everything on this YouTube channel will stay. I won't be here updating it after November. But I promise I will leave you with |
520 | 01:35:16,650 --> 01:35:28,500 | more than you will ever need. And you study at your own pace, don't rush. If you rush you just make it just makes your learning curve longer. You can't you can't |
521 | 01:35:28,500 --> 01:35:40,830 | speed garlis You can't learn. I saw a guy. I watched all the ICT videos, and I've condensed it into 15 videos. And now you can do it quicker and sooner and |
522 | 01:35:40,830 --> 01:35:48,090 | faster and more efficiently. Of course, that's bullshit. You hear that? That's me laughing at your fucking ass. You are clamoring if you think you can take |
523 | 01:35:48,090 --> 01:35:56,370 | everything I've done and condense it into the smallest little timeframe of presentation, you're gonna miss so much information. There's so much information |
524 | 01:35:56,370 --> 01:36:03,570 | in the stuff I've given. And you don't even appreciate what it is because you just went through it one time and you haven't even start trading with real |
525 | 01:36:03,570 --> 01:36:10,560 | money. And then you start trading with real money and you come back and you watch those same videos again, you're like, oh shit, he said that. I didn't hear |
526 | 01:36:10,560 --> 01:36:17,310 | it the first time. You're gonna swear up and down. And I made an edit to the video and I haven't. It just doesn't mean anything to you right now. Because |
527 | 01:36:17,310 --> 01:36:27,390 | you're not even a demo trader yet with consistency. When you start trading with real money, the lessons and all those droning discussions, jawboning by ICT, all |
528 | 01:36:27,390 --> 01:36:37,860 | that stuff is going to be much more meaningful to you. It's gonna be rich understanding. Because it'll be you that's prepared to hear it. You're not |
529 | 01:36:37,860 --> 01:36:50,460 | prepared to hear it. Most times you're not. And to be honest with you, I'm not talking to you. I'm talking to my children. That's what all this is for. That |
530 | 01:36:50,460 --> 01:37:00,840 | movie with Michael Keaton my life. That's what I'm doing right here. When I'm gone, they'll have all this. They'll have all this to listen to, and compare and |
531 | 01:37:00,840 --> 01:37:09,270 | contrast with notes that I have for Enigma, which I am not teaching and none of these presentations ever had indignant. No. and No Joker has cracked it and |
532 | 01:37:09,270 --> 01:37:22,110 | figured it out either. They may call what the fuck they're doing. Enigma didn't even close. I promise you, it's not even close. I am Enigma |
533 | 01:37:27,660 --> 01:37:34,860 | appreciate you hanging out with me tonight. Hopefully this was insightful and helpful to you and your learning. And if you could give me a thumbs up on the |
534 | 01:37:34,860 --> 01:37:42,150 | video doesn't cost you anything. It's an encouragement for me to want to come back and do more like this. So I'll talk to you next time. Be safe. |