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ICT YT - 2023-12-08 - December 2023 Non Farm Payroll Live Execution and Explanations

Last modified by Drunk Monkey on 2025-09-27 13:18
1 00:00:00 --> 00:00:06 ICT: Well, good morning. Good morning. Good morning is a good price. Here's a
2 00:00:06 --> 00:00:11 four hour chart on es just let me know I'm bullish. I think we're gonna try to
3 00:00:11 --> 00:00:20 press higher. And we'll jump into a 15 minute timeframe. See that fairway
4 00:00:20 --> 00:00:25 getting right there, I missed that dilly dally and waiting for this Camtasia
5 00:00:26 --> 00:00:31 platform to start. So this is where I believe we're gonna rip up into and hire
6 00:00:35 --> 00:00:38 Okay, and I may
7 00:00:43 --> 00:00:57 see if I use that and then put the stop below there's a little why because it
8 00:00:57 --> 00:01:08 must be for non farm payrolls, wild and wooly price action. So right in there,
9 00:01:09 --> 00:01:19 I'll make it white. So it's a contrast. So inside that for our for Vega, it's in
10 00:01:19 --> 00:01:26 a discount relative to that low to the high, we drop down. There's a small
11 00:01:26 --> 00:01:32 little gap in here I'm watching and see how it behaves in here as well. But this
12 00:01:32 --> 00:01:39 is the one that's the inefficiency. Oh, and like, give us an allowance, you know
13 00:01:39 --> 00:01:44 that that will take that thank you so much. Alright, so that might look like a
14 00:01:44 --> 00:01:49 lot of money with you. But it's really not in the grand scheme of things. And
15 00:01:49 --> 00:02:01 we'll take five off of here. And just so you understand what I'm referring to
16 00:02:01 --> 00:02:04 here, and what's making this even important at all, is that this is a
17 00:02:04 --> 00:02:09 Judas swing. Yes, initially, we had this little run up in here. But notice it did
18 00:02:09 --> 00:02:14 not take the buy side here, here, or here. This is what they're tricking
19 00:02:14 --> 00:02:23 traders to trust this resistance, okay. In here this inefficiency when price
20 00:02:23 --> 00:02:28 started to rally up, and between this high been taken out through here, in
21 00:02:28 --> 00:02:34 this low forming that range, if we look through that, and we only focus on this
22 00:02:34 --> 00:02:44 segment of price action right in here. Okay, you know, color that yellow. Okay,
23 00:02:44 --> 00:02:53 so all of us wanted. So all of this price range that ran from this area here
24 00:02:53 --> 00:02:59 to here, all that price run, what I'm looking at is how price started the
25 00:02:59 --> 00:03:07 rally here came up to this candles high and then retreated. repriced, back down
26 00:03:07 --> 00:03:14 into the low end here. So from this high that candle to that candles low. This is
27 00:03:14 --> 00:03:20 all efficiently delivered price action. Meaning that it's like a paint roller
28 00:03:20 --> 00:03:25 analogy I use if you're painting your wall your home, when you apply the paint
29 00:03:25 --> 00:03:29 to the roller and like place the roller against the wall and you roll it up the
30 00:03:29 --> 00:03:36 first few inches of the paint being delivered to the wall, it's ample,
31 00:03:36 --> 00:03:42 meaning that it's very significant amount of paint being distributed to the
32 00:03:42 --> 00:03:47 wall surface. But eventually, as that roller keeps being being pressed higher,
33 00:03:47 --> 00:03:53 it runs out of the amount of paint that would be equally distributed on the
34 00:03:53 --> 00:03:57 surface of the wall. And you'll start seeing these little horse pockets, which
35 00:03:57 --> 00:04:03 is what this has been shown here, this little chip, which is that one single
36 00:04:03 --> 00:04:08 candle. Take that off. So this inefficiency here, just like if you were
37 00:04:08 --> 00:04:13 rolling a paint roller with paint and applying it to this area here. Well,
38 00:04:13 --> 00:04:17 looking back at where you just rolled the paint roller, this is a little area
39 00:04:17 --> 00:04:23 where the paint wasn't equally distributed. Because of this very
40 00:04:23 --> 00:04:30 candle. Let me widen them a little bit. This candle here it's high right there.
41 00:04:30 --> 00:04:35 And then the next candle after big up close candle here. There's a gap where
42 00:04:35 --> 00:04:40 there was nothing offered back down to at least touch this candles high. So
43 00:04:40 --> 00:04:44 that's what makes a fair value gap, a fair value gap. Okay, why did I name it
44 00:04:44 --> 00:04:50 and coin a fair value gap? It's offering fair value. If you're bullish, and this
45 00:04:50 --> 00:04:54 is the part that news still escapes many of you that are running around trying to
46 00:04:54 --> 00:04:57 talk about fair I guess when most the time don't really know what you're doing
47 00:04:57 --> 00:05:02 it and I Understand the Zeel it's exciting because you're you're handling
48 00:05:02 --> 00:05:06 something that you know and see it works. And you're, you're discovering
49 00:05:06 --> 00:05:14 new multi facets to something that you're on the road the progression to
50 00:05:14 --> 00:05:18 understanding. But don't try to teach it yet because you don't know what you're
51 00:05:18 --> 00:05:23 doing it. But I appreciate and love the zeal and all of your excitement about
52 00:05:23 --> 00:05:30 it. But this little area in here, it's lacking movement back down to at least
53 00:05:30 --> 00:05:34 at least touch this candle is high. Okay, so because this candle is high and
54 00:05:34 --> 00:05:40 at candles low, there's only one pass in delivery price and it's going up, you
55 00:05:40 --> 00:05:48 see that? So that movement up? How does that re distribute efficiency in market
56 00:05:48 --> 00:05:53 delivery for price, it must do what offering going back down at a later
57 00:05:53 --> 00:05:58 time. While we're seeing it 830, which is nonfarm payroll Friday, this is where
58 00:05:58 --> 00:06:02 we're at happening on payroll, the market drops back down into that area
59 00:06:02 --> 00:06:06 overshoots a little bit. But that's, that's fine. Because all of this area in
60 00:06:06 --> 00:06:12 here is a balanced price range. So goes down into the range. I mentioned it to
61 00:06:12 --> 00:06:18 you live. It's part of that for our fair value guy. Okay, so the market has shown
62 00:06:18 --> 00:06:25 a willingness to want to reach back up in to this area up in here. So what
63 00:06:25 --> 00:06:30 we're gonna be watching now is, does price want to at least trade back above
64 00:06:31 --> 00:06:38 the consequent encroachment of this wick, which is here. And once I drop
65 00:06:38 --> 00:06:44 this level on, and I'll have the quarter segment, each one of these is a
66 00:06:44 --> 00:06:50 quadrant. And it's not quarters theory, by the way. And what's all this business
67 00:06:50 --> 00:06:54 about Goldbach levels, I don't do anything with Goldbach. The price
68 00:06:54 --> 00:07:01 engines the algorithm itself. Enigma has no association with Goldbach. Okay, so
69 00:07:01 --> 00:07:06 for the folks that are out there trying to claim that it is it's not okay, stop
70 00:07:06 --> 00:07:10 doing that kind of stuff. Because you're you're sowing misinformation. And I'm
71 00:07:10 --> 00:07:15 going to call you out on it. So anyway, let's jump into a five minute chart. And
72 00:07:15 --> 00:07:20 you can see the bodies respecting that for our fair value get high. And see
73 00:07:20 --> 00:07:26 that. And our focus is does it want to trade above that consequent
74 00:07:26 --> 00:07:36 encouragement right here that midpoint. So I would like to pair my lungs with
75 00:07:36 --> 00:07:46 the existing by stops that are resting above you might hear my puppy snoring,
76 00:07:47 --> 00:07:53 the buy stops that are resting on this old high here. So I want to see it go
77 00:07:53 --> 00:08:00 there. Because there's actual orders resting up there. And the initial run on
78 00:08:00 --> 00:08:04 Non Farm Payroll generally is kind of like a FOMC event. It's a fake move. And
79 00:08:04 --> 00:08:10 I don't see this initial rally is the fake move. Okay, it's more this trending
80 00:08:10 --> 00:08:12 back down. And this really gets everybody thinking it's gonna go lower.
81 00:08:13 --> 00:08:16 And you're probably watching live streamers right now they're probably
82 00:08:16 --> 00:08:23 extremely bearish. And I'm not. So let's do this
83 00:08:30 --> 00:08:38 inside, right, so right away, you know, I can be taking something off because
84 00:08:38 --> 00:08:47 it's not from payroll Friday, it's it's moved enough to warrant a measure of
85 00:08:47 --> 00:08:51 profit taking it certainly the five handles minimum I preach and teach that
86 00:08:52 --> 00:08:57 you should be striving for about one give it some time, but it took a little
87 00:08:57 --> 00:09:05 bit. And I would like to see it in the event that it does want to go up here
88 00:09:05 --> 00:09:10 and shake out and then go lower again, I'm going to put a limit order right at
89 00:09:10 --> 00:09:17 the consequent curtailment level for just one contract. Because I'm not
90 00:09:17 --> 00:09:19 certain I'm gonna be able to pyramid anything on this. And because non farm
91 00:09:19 --> 00:09:26 payrolls kind of woolly, it does some pretty gnarly stuff. So if it can reach
92 00:09:26 --> 00:09:29 above this area here, one more pass up in there that will allow me to at least
93 00:09:29 --> 00:09:32 get something out of it. And then I can roll the stop to break even then I can
94 00:09:32 --> 00:09:35 just sacrifice the rest of the position. And some of you might say, Well, why
95 00:09:35 --> 00:09:41 would you want to do that? You're leaving 7000 $8,000 on the table. And
96 00:09:41 --> 00:09:46 the reason why I'm saying that is because of experience. You're not going
97 00:09:46 --> 00:09:51 to get the big runs or big wins, unless you hold for. If you don't ever hold on
98 00:09:51 --> 00:09:56 to it. You'll never get the big large range days you'll never get them. So you
99 00:09:56 --> 00:10:02 have to allow for it to sometimes Take it all back, except for a small little
100 00:10:02 --> 00:10:08 piece. This way it covers costs, it covers commissions, it covers that
101 00:10:08 --> 00:10:12 little scratch that itch that you have, as a trader, when you're in a trade, you
102 00:10:12 --> 00:10:17 feel like you have to have something profitable, or it's, it's a total
103 00:10:17 --> 00:10:27 failure. I'm invested you a few minutes, that hasn't been very long, less than 10
104 00:10:27 --> 00:10:32 minutes. And your 10 minutes is not a lot of time. So I can I can afford to
105 00:10:33 --> 00:10:38 have a move on the market. See it came out, give me a small little piece like
106 00:10:38 --> 00:10:43 it's about to hear. And then we're almost out to breakeven, and isn't the
107 00:10:43 --> 00:10:49 only time I've made $10,000. Okay, so here we go, just got taken out. So now I
108 00:10:49 --> 00:10:55 can roll my stop, to break even plus commissions plus a small little profit.
109 00:10:55 --> 00:10:59 And why am I not jamming and all we back up here because it could respect the
110 00:10:59 --> 00:11:05 same for our fair value gap. Hi, notice I have it sitting right here, you're
111 00:11:05 --> 00:11:08 probably wondering, Well, isn't that rate below that low, where they're
112 00:11:08 --> 00:11:11 sellside. They've already done the damage and rip through all of that.
113 00:11:12 --> 00:11:16 Okay, so what I want to do is I'm gonna sit and watch does it give me that
114 00:11:16 --> 00:11:21 close? Any close above this consequent encroachment level is going to be like
115 00:11:21 --> 00:11:27 the hand of the dealers, okay? being shown to you, they're going to show you
116 00:11:27 --> 00:11:30 their cards. If you can close above that level, meaning that I would like to see
117 00:11:30 --> 00:11:36 it, then run up here hit my limit order. And then at that time, or how it trades
118 00:11:36 --> 00:11:41 there, if at all, because I could be wrong, then I'll determine whether or
119 00:11:41 --> 00:11:47 not I want to take more off you manually or if I get stopped out it everything
120 00:11:47 --> 00:11:51 remains an uncertain right now. And that's the reason why I don't like
121 00:11:51 --> 00:11:55 trading Non Farm Payroll because it really is a gamble. And if I fail in
122 00:11:55 --> 00:12:00 seeing anything outside of what are you have posted here as a gain, and it comes
123 00:12:00 --> 00:12:05 back and starting out and only allows me to have this exit here. And where the
124 00:12:05 --> 00:12:11 stop losses when it comes back down. If he hits it, then you know, it is what it
125 00:12:11 --> 00:12:15 is it's done. But it's a wonderful experience for you to study. It's a
126 00:12:15 --> 00:12:20 wonderful experience for you to see why and appreciate why I don't actively go
127 00:12:20 --> 00:12:28 out here and try to participate. Because it's not something that I don't need
128 00:12:28 --> 00:12:35 this day of every month to need to feel good about being a trader. I've done it
129 00:12:35 --> 00:12:40 long enough. And I've been hurt enough times to know that this is a day, just
130 00:12:40 --> 00:12:44 like yesterday, Thursday, even though you saw me smoke it and literally
131 00:12:44 --> 00:12:50 destroy it. That's the two days of the month, where it might accuracy, my
132 00:12:50 --> 00:13:00 precision, my trust, my affinity for the market in itself is challenged. So I
133 00:13:00 --> 00:13:05 don't excel very well on those two days out of the month. So would it be
134 00:13:06 --> 00:13:11 advantageous for me to keep pushing in those two days, some might say, well,
135 00:13:11 --> 00:13:15 you should just go in here and try to overcome it. Well, I overcome it by not
136 00:13:15 --> 00:13:18 taking any risks in it. But today, I want to take those risks and show you
137 00:13:18 --> 00:13:23 that, you know, on the mack daddy, and there's none nothing like this in the
138 00:13:23 --> 00:13:28 marketplace. But there are times and it still could happen here where I can get
139 00:13:28 --> 00:13:32 it wrong. And getting it wrong is not failure. getting it wrong is not
140 00:13:32 --> 00:13:38 embarrassing. getting it wrong is not a I can't trade phenomenon. It's simply a
141 00:13:38 --> 00:13:43 much more challenging environment. So therefore, I'd simply avoid most at a
142 00:13:43 --> 00:13:48 time. But when asked to do so when you're pressed by real sincere students,
143 00:13:49 --> 00:13:53 I have no problem showing you. It's not it's not a big deal. So I like where
144 00:13:53 --> 00:13:58 we're at here, I want to see we're on a five minute chart. Let me add those
145 00:14:00 --> 00:14:03 levels back here. So I want to see it close above that consequent current
146 00:14:03 --> 00:14:09 level. If this candle can close above it, then that, to me indicates that the
147 00:14:09 --> 00:14:12 algorithm should if it if it just doesn't already run right up later and
148 00:14:12 --> 00:14:18 reach for it. As long as it closes about there. I'll trust that it will run for
149 00:14:18 --> 00:14:23 my at least my first limit order resting above here. But I'm gonna be very
150 00:14:23 --> 00:14:27 careful about how it trades here because it could run up rip that and then just
151 00:14:27 --> 00:14:35 drop in for you know, the 450 I'm sorry. 4590 two's Alright, so we closed above
152 00:14:35 --> 00:14:42 it. Now. My mindset is I trust I don't get afraid. I don't become nervous
153 00:14:42 --> 00:14:46 because we're seeing it down close candle information. It doesn't freak me
154 00:14:46 --> 00:14:50 out. It doesn't cause any anxieties. I'm gonna take this Fibonacci off because
155 00:14:50 --> 00:14:54 you've already accomplished the method here. But explaining to you what it was
156 00:14:54 --> 00:14:59 I was looking for. But I'm relaxed. What am I thinking? How far can it go back?
157 00:15:00 --> 00:15:04 down, well, we have these two consecutive down close candles, that
158 00:15:04 --> 00:15:08 body right there that can be treated as an order block. So it can trade back
159 00:15:08 --> 00:15:12 down, rip into this here and then go higher, I don't want to see it do that.
160 00:15:12 --> 00:15:15 Because the fact that it needs to go back down into this as an order block,
161 00:15:16 --> 00:15:21 if it needs to do that, that's far less probability in my favor, I want to see
162 00:15:21 --> 00:15:25 it not do so. So it's not a matter of knowing a PDA, right and expecting it to
163 00:15:25 --> 00:15:30 be hit and respected. There's also a balancing, of seeing the PDA right in
164 00:15:30 --> 00:15:37 price, but then also seeing and measuring the the magnitude of stuff
165 00:15:37 --> 00:15:40 strength or weakness in the market. In this case, I want to see strength, I'm
166 00:15:40 --> 00:15:46 gonna see price reaching up into without needing to come back down to a
167 00:15:46 --> 00:15:49 discounted rate, if it doesn't need to go back down and touch this candles
168 00:15:49 --> 00:15:50 body. And I'll show you what I mean by that.
169 00:15:58 --> 00:16:05 There. So when you see me, showing examples where it's silent executions,
170 00:16:08 --> 00:16:13 I'm testing this as a series, by the way, on the YouTube channel, where I'm
171 00:16:13 --> 00:16:17 doing the executions, and kind of talking about what it is that's going
172 00:16:17 --> 00:16:21 through my mind, I'm giving you the inner musings of ICT, as it happens real
173 00:16:21 --> 00:16:27 time. I don't want to see it, come down and hit that. But if it does, it's
174 00:16:27 --> 00:16:31 completely acceptable, it doesn't change the underlying narrative that we're
175 00:16:31 --> 00:16:36 going to likely go higher, it just means that it's better if it doesn't come down
176 00:16:36 --> 00:16:41 to hit that. Because if it doesn't go down and starts rallying, then it's
177 00:16:41 --> 00:16:46 really going to be bullish, it's really going to be an energetic price run to
178 00:16:46 --> 00:16:51 the upside. So there's a, there's a strong contrast to what you understand
179 00:16:52 --> 00:16:55 in unlimited capacity about my order block theory, where you would think,
180 00:16:55 --> 00:16:59 Okay, this makes sense to come down to hit that and then rally. But what
181 00:16:59 --> 00:17:05 happens if the market is so strong, in not patient enough to even want to go
182 00:17:05 --> 00:17:10 back down into that discount array? That means it's exceedingly bullish, right.
183 00:17:11 --> 00:17:14 And I want to be a part of that move. And I'm going to be in trades. And I
184 00:17:14 --> 00:17:17 want to hold on to my targets, when it's indicating those types of things.
185 00:17:17 --> 00:17:22 Because it's giving me a great advantage that retail can't perceive and price
186 00:17:22 --> 00:17:27 action, they have no idea what's going on, they have no idea what it's reaching
187 00:17:27 --> 00:17:32 for. I'm sitting here, I'm calmly explaining to you, there's no anxiety,
188 00:17:32 --> 00:17:38 there's no excitement, it's just this is the stuff that happens all the time. And
189 00:17:38 --> 00:17:42 it's just like the same route that you take to your job, you, you drive it all
190 00:17:42 --> 00:17:46 the time, you know, the person's house on the zone, so street that you're gonna
191 00:17:46 --> 00:17:50 pass, you know, all the things you know, the people that you're going to pass
192 00:17:50 --> 00:17:55 that are sitting in the bus stops. It's the same creatures of habit. While price
193 00:17:55 --> 00:17:59 action is the same way after doing it for so long. You get accustomed to it.
194 00:18:00 --> 00:18:05 So you're not surprised, okay. And surprise, invites the elements of fear
195 00:18:06 --> 00:18:12 and greed. If it starts to explode, I'm not going to go wow, look at that, where
196 00:18:12 --> 00:18:18 that comes from. And on the same coin, just turning the other side. If it were
197 00:18:18 --> 00:18:22 to drop and stop me out, I'm not surprised by that either, because it's
198 00:18:22 --> 00:18:27 the characteristic of this particular day of the month where it can absolutely
199 00:18:28 --> 00:18:35 fool me because it's highly manipulated. Okay, but given all the factors being
200 00:18:35 --> 00:18:39 equal, okay, assuming everything being equal is not Non Farm Payroll Friday,
201 00:18:40 --> 00:18:43 how would I trade this market environment? Um, that's what I'm, that's
202 00:18:43 --> 00:18:47 what I'm sharing with you right here. But I'm sharing under the pretense that
203 00:18:47 --> 00:18:51 it is any market condition that is admittedly by my own words, not just
204 00:18:51 --> 00:18:56 here today, but many times, okay, I always say NFP, Non Farm Payroll, I'm
205 00:18:56 --> 00:19:00 going to borrow a term I learned from Linda Raschke. It's not for
206 00:19:00 --> 00:19:07 professionals. Okay, so that idea stands true today. And right now, some of you
207 00:19:07 --> 00:19:12 should be scratching your head thinking, you know, if you're uncertain, and it's
208 00:19:12 --> 00:19:18 already showing unwillingness to rally continuously, why don't you just take
209 00:19:18 --> 00:19:23 more profits off here? I could, but I don't want to. I want you to see what
210 00:19:23 --> 00:19:28 it's like for me to try to trade like I normally do in this particular day. That
211 00:19:28 --> 00:19:32 way you can appreciate the characteristics and the difficulty of
212 00:19:32 --> 00:19:38 managing the emotions managing the the risk obviously is which is paramount.
213 00:19:39 --> 00:19:44 And knowing what that feels like watching it, but also trusting your role
214 00:19:44 --> 00:19:50 based ideas. So since these concepts are codified by me, and I understand them
215 00:19:50 --> 00:19:54 intimately, I am okay with it. Even if it comes back and starts me out. This
216 00:19:54 --> 00:19:58 isn't the only trade I'm ever going to win it. It's not the it's not the only
217 00:19:58 --> 00:20:03 day I can be profitable. But when you are a new trader, and you're not really
218 00:20:03 --> 00:20:08 versed in what it is that you're you should be focusing on, it's very easy to
219 00:20:08 --> 00:20:15 encapsulate or try to encapsulate the entirety of your career. On the results
220 00:20:15 --> 00:20:18 of that one trade that you're in right now, or the one you're about to take.
221 00:20:19 --> 00:20:28 The, the measure of your success is based on the trade right now. And you
222 00:20:28 --> 00:20:33 need to remove that. That's a plague. Okay, that's a terrible, toxic mindset.
223 00:20:34 --> 00:20:39 And that's why trading is very difficult for everyone, because, especially for
224 00:20:39 --> 00:20:45 men, because we are all about measuring up. And in trading, it really seizes on
225 00:20:45 --> 00:20:50 that weakness in the male mindset that they have to measure up. When this isn't
226 00:20:50 --> 00:20:55 about Olympic feet, it's about making money. That's all this is. It's unless
227 00:20:55 --> 00:20:58 you're in a competition. If you're in a trading competition, then all you know,
228 00:20:58 --> 00:21:03 then it's balls out, and let's see what happens. And who can do what, but on an
229 00:21:03 --> 00:21:06 everyday basis, running it as a business. When you're not gambling,
230 00:21:06 --> 00:21:09 you're not trying to over leverage because you want to have unrealistic
231 00:21:09 --> 00:21:15 expectations realized as a competition result or percentage gain. If it's just
232 00:21:15 --> 00:21:18 about making money, and you're running as a business, you're not going to take
233 00:21:18 --> 00:21:23 foolish risks. But you're not going to also worry. If you own a business of
234 00:21:23 --> 00:21:27 brick and mortar store that sold shoes, you know, you're not going to go to work
235 00:21:27 --> 00:21:32 every day worrying about the likelihood of people not wanting to wear shoes
236 00:21:32 --> 00:21:36 anymore, we're all going to wear shoes, we're all gonna have shoes, we're all
237 00:21:36 --> 00:21:40 gonna have a need for shoes, okay. And there's lots of different brands of
238 00:21:40 --> 00:21:45 shoes. Some are more popular than others. But the premise is that there is
239 00:21:45 --> 00:21:50 a real need, there is a model that can be exploited there, people are going to
240 00:21:50 --> 00:21:55 be born generally unless there's a birth defect, they're going to need covering
241 00:21:55 --> 00:22:00 for the feet. So therefore that market will always exist. My pdra is my models,
242 00:22:00 --> 00:22:05 okay, are based on that same idea that I know the market is going to reach for
243 00:22:05 --> 00:22:09 inefficiencies, then it's going to reach for liquidity, or it's going to reach
244 00:22:09 --> 00:22:13 for liquidity and then reach for inefficiencies, or vice versa. But those
245 00:22:13 --> 00:22:18 two premise permeate the understanding that I have with the marketplace, and I
246 00:22:18 --> 00:22:22 share with you as my students. So I'm not I'm not surprised when I'm looking
247 00:22:22 --> 00:22:25 at price action. I'm like, Oh, my goodness, wait, why did that happen?
248 00:22:26 --> 00:22:31 That's not That's not a concern. For me. My concern is, is am I following my
249 00:22:31 --> 00:22:36 model, am I following the rule based ideas that I've codified, implemented,
250 00:22:36 --> 00:22:42 and I've used for 30 years, so I'm not emotional about it. And frankly, I'm
251 00:22:42 --> 00:22:46 bored. And this is actually not all that exciting, like, I wanted to see a whole
252 00:22:46 --> 00:22:49 lot more movement for this particular Non Farm Payroll.
253 00:23:02 --> 00:23:08 So we've had one close above. I'm watching this candle here.
254 00:23:13 --> 00:23:17 And how it's behaving, we'll put the feedback on just to show you in
255 00:23:17 --> 00:23:24 relationship to that wick right here. So all of this was a initial rate. And then
256 00:23:24 --> 00:23:28 they dropped the object down into a deep discount. We've had one close above,
257 00:23:28 --> 00:23:33 this one didn't close above, and we're now just below it. So I'm demanding
258 00:23:33 --> 00:23:39 price action to show me another close above here. If this doesn't close above
259 00:23:39 --> 00:23:44 it, I will take three contracts off just to fund the position and they get a
260 00:23:44 --> 00:23:56 little bit better. Payment for my time. Okay, about 40 seconds to the close of
261 00:23:56 --> 00:24:02 that candle. We're on a five minute candlestick chart, by the way. folks
262 00:24:02 --> 00:24:06 asking can you do things with finance or I don't like the one minute charts too
263 00:24:06 --> 00:24:13 fast. It's the same market. The fluctuations that you're watching from
264 00:24:13 --> 00:24:21 Port 458 5.50 2.75. That's, that's happening the same speed on a minute
265 00:24:21 --> 00:24:26 chart, it's happening the same speed on a five second chart or one second, it's
266 00:24:26 --> 00:24:32 the same. The price action is the same. You need to stop thinking and being
267 00:24:32 --> 00:24:36 imprisoned by timeframes. Alright, so it didn't close. You see that. So I'm going
268 00:24:36 --> 00:24:45 to take three off there. So now I'm well funded on this. And now if it were to
269 00:24:45 --> 00:24:48 come all the way back down in, it stopped me out. It's completely
270 00:24:48 --> 00:24:53 irrelevant. Now. I've made more than the average person makes in a week's Wait,
271 00:24:54 --> 00:24:58 even that professional wage, and I've done so in just a few minutes of the
272 00:24:58 --> 00:25:01 worst trading environment day The other month, which is Non Farm Payroll Friday
273 00:25:04 --> 00:25:08 in local markets behaving here, so we trading in the debt waterblock. And this
274 00:25:08 --> 00:25:16 is where I would demand the importance of not importance. But the
275 00:25:16 --> 00:25:22 characteristic that this should send price higher. Were in this area, he all
276 00:25:22 --> 00:25:26 of this price action here was a raid. That's my entire interpretation of price
277 00:25:26 --> 00:25:31 action. And I'm believing that they're going to want to rip up into this area
278 00:25:31 --> 00:25:36 here because they want to attack people that are short. And they enticed people
279 00:25:36 --> 00:25:42 to get short. But they stopped anyone that was already short ahead of time,
280 00:25:42 --> 00:25:46 before 830, they come up, knock them out, so they can't get a part of this
281 00:25:46 --> 00:25:49 move where you can get really good profits and cover at a really nice
282 00:25:49 --> 00:25:58 handsome profit. Then they took it all back up here thinking okay. There is no
283 00:25:58 --> 00:26:09 necessity for price to do what? Pay long holders. Nobody wants to be long. Nobody
284 00:26:09 --> 00:26:15 would trust being short, as a smart money, mindset. They want to be long.
285 00:26:16 --> 00:26:20 dipping down here as the discount, that's this is all trap. But they
286 00:26:20 --> 00:26:24 cancelled out the potential for profitability for anyone that was short
287 00:26:24 --> 00:26:28 that show their stop loss rate in here. So if they didn't trail their stop loss,
288 00:26:28 --> 00:26:32 and we're short from back here, where's their stop at right there.
289 00:26:38 --> 00:26:44 So as soon as the market decides if it wants to go up here, I will take one off
290 00:26:44 --> 00:26:49 rate above this high manually if it allows me to do so I will not move my
291 00:26:49 --> 00:26:54 stop loss from where it is right now. That's leaving a lot of money on the
292 00:26:54 --> 00:26:59 table. I got a guy said to comment on the video the other day where I had a
293 00:26:59 --> 00:27:03 couple $1,000 He came all the back and stopped me out. I wasn't in front of the
294 00:27:03 --> 00:27:07 screen. But I am in front of screen today because it's not on payroll and I
295 00:27:07 --> 00:27:13 want to be babysitting the position. But after the fact, it's real easy to ask
296 00:27:13 --> 00:27:16 questions like you know, why did you leave all the money on the table. But if
297 00:27:16 --> 00:27:20 this person is a traitor, you didn't take every bit of the profit of every
298 00:27:20 --> 00:27:23 trade you were in either. There's going to be times where you leave money on the
299 00:27:23 --> 00:27:27 table. But you're worried about that money. I'm not worried about that money.
300 00:27:28 --> 00:27:32 That's I mean, that's that money can be taken and plucked off the money tree
301 00:27:32 --> 00:27:35 that's in here every single day, when I'm going to sit down and read these
302 00:27:35 --> 00:27:39 charts, I can do that. So that's the reason why I leave money on the table.
303 00:27:39 --> 00:27:43 Because I'm looking for the larger hauls. I want a bigger harvest. And I
304 00:27:43 --> 00:27:49 know what to do to get them. But sometimes it's not it's not going to be
305 00:27:49 --> 00:27:54 that day for that particular trade to pan out in its biggest capacity or
306 00:27:54 --> 00:27:58 largest magnitude that I'm anticipating in that specific setup, it may not yield
307 00:27:58 --> 00:28:04 itself to me. So because I don't measure my success on the basis of one
308 00:28:04 --> 00:28:09 individual transaction on one trade, I'm okay with letting it pick some back from
309 00:28:09 --> 00:28:14 me. It's an it's a interesting one. Okay, I'm going to let the market take
310 00:28:14 --> 00:28:18 it back from me, because I'm going to get it back with interest later on that
311 00:28:18 --> 00:28:23 I don't look at losses as a failure. I look at it as a loan that I'm giving to
312 00:28:23 --> 00:28:27 the marketplace. Someone made some money off of that money I left on the table.
313 00:28:28 --> 00:28:35 Okay, that's fine. I'm in the business of interest and I'm going to get that
314 00:28:35 --> 00:28:40 money back with interest in my future trades. See that's the difference
315 00:28:40 --> 00:28:45 between me and my mindset and how smart money and longevity traders think you
316 00:28:45 --> 00:28:52 know we are legacy moneymakers we're not you know, one hit wonders day traders
317 00:28:52 --> 00:28:56 getting lucky here and there windfall victory traders, where you are counting
318 00:28:56 --> 00:29:01 every penny, in every penny matters. That's that's not how we think we're not
319 00:29:01 --> 00:29:05 we're not worried about those types of things. We're sitting back relaxing,
320 00:29:05 --> 00:29:10 letting the probabilities do the heavy lifting. And just simply following the
321 00:29:10 --> 00:29:15 model not over leveraging not forcing it. Alright, so here's a little bit of
322 00:29:15 --> 00:29:21 the inefficiency and between this candle here and here. So I'll be watching how
323 00:29:21 --> 00:29:31 we trade here the sky like the last line in the sand for me she got bullshit that
324 00:29:31 --> 00:29:37 green just to have a little contrast. So there's a little inefficiency here. So
325 00:29:37 --> 00:29:45 in a way, it's kinda like a breaker kinda like a reason for it needs to
326 00:29:45 --> 00:29:49 start rallying here or it's likely come back down in touch and maybe trade
327 00:29:49 --> 00:29:53 deeper into that for our fair value got which is in that darker blue shaded area
328 00:29:53 --> 00:30:02 here. When I'm trading here when I'm at educating, I don't have all this stuff
329 00:30:02 --> 00:30:06 on my chart, I have this the levels itself, the numbers, and I write them
330 00:30:06 --> 00:30:12 down on a little notepad. And that's what I work on. Because all of these
331 00:30:12 --> 00:30:17 boxes become very distracting to me. And, like I said, maintenance, if you
332 00:30:17 --> 00:30:21 listen to my, like when I was doing Twitter spaces in the ramps and such,
333 00:30:23 --> 00:30:27 unless I tell you, I'm reading off of the bullet point, list of things, I have
334 00:30:27 --> 00:30:31 an owner, a script knew the things I want to make sure I cover most of the
335 00:30:31 --> 00:30:36 time I'm talking 99.999% of time. I'm not, I'm not following the script here.
336 00:30:36 --> 00:30:40 Obviously, I'm not running off the script, I'm just running off the mouth.
337 00:30:42 --> 00:30:50 These Twitter spaces, show you how I can very easily distract myself from all
338 00:30:50 --> 00:30:56 these different rabbit trails and different tangents I can go off of, in
339 00:30:56 --> 00:31:01 many times, what you think I'm going to cover and talk about, I'll bring in 15
340 00:31:01 --> 00:31:06 other different subjects. And for some people, it's very difficult to listen to
341 00:31:06 --> 00:31:16 me when I'm live and unfiltered. Because I'm, I stray off topic, but I come back.
342 00:31:17 --> 00:31:20 And it's comfortable for me to talk like that my wife, she doesn't really like to
343 00:31:20 --> 00:31:24 have long winded conversations with me. Because I tend to bring in other
344 00:31:24 --> 00:31:27 conversations. She's like, can we talk about this and finishes before we go
345 00:31:27 --> 00:31:31 into another topic. And my mind doesn't work that way, it's 1000 miles an hour,
346 00:31:31 --> 00:31:37 if you can't keep up, then stay on the porch. That's just the way it is. Okay,
347 00:31:37 --> 00:31:42 unfortunately, that's a weakness. In my mind, in my observations as a mentor,
348 00:31:42 --> 00:31:47 that's my weakness. It's very hard for me to stay on task, about one subject
349 00:31:47 --> 00:31:51 matter, but I'm bored easily. Because there's lots of other things to talk
350 00:31:51 --> 00:31:54 about in the price action, there's other things that I could be mentioning, and
351 00:31:54 --> 00:32:00 having a greater appreciation for in the community. When I'm sharing and
352 00:32:00 --> 00:32:04 teaching. There's a lot of things I leave out because I can't allow the
353 00:32:04 --> 00:32:07 teacher to you. But and I don't want to say there's loads of things that get
354 00:32:07 --> 00:32:10 under your skin. Oh, that's a bunch of tone. So it's marketing, it's this,
355 00:32:10 --> 00:32:14 whatever, dude, I can literally keep putting out models every single month,
356 00:32:15 --> 00:32:18 and they'll never be the same thing. And they'll all make money and people will
357 00:32:18 --> 00:32:22 get funded people will make money in life funded accounts, or their own
358 00:32:22 --> 00:32:26 actual money. And people will still try to discount and say it's not real, it's
359 00:32:26 --> 00:32:29 something else made up or it's rehash something, there's always gonna be
360 00:32:29 --> 00:32:31 somebody that has an opinion about what it is I'm doing what everybody else is
361 00:32:31 --> 00:32:36 doing. But all of that stuff is irrelevant. Are you making money with
362 00:32:36 --> 00:32:39 what I'm teaching? That's all it matters? Are you understanding what
363 00:32:39 --> 00:32:43 price action is about the dude next, because if it isn't helping, you don't
364 00:32:43 --> 00:32:47 want to buy stuff. If it's complicated, understand that it was already told to
365 00:32:47 --> 00:32:50 you that it's going to be complicated. It's not an indicator based thing where
366 00:32:50 --> 00:32:54 you wait for it to be overbought or oversold, and you trust something that
367 00:32:54 --> 00:32:56 has absolutely no bearing on what price is going to do as a result of that
368 00:32:56 --> 00:33:03 indicator saying whatever it's saying, there's no bearing at all on overbought,
369 00:33:03 --> 00:33:08 oversold, crossover moving averages harmonic, none of that stuff's making
370 00:33:08 --> 00:33:13 price go up or down. And buying and selling pressure is a myth. The depth of
371 00:33:13 --> 00:33:20 market the DOM, it's not dumb, it's dumb. That in itself means absolutely
372 00:33:20 --> 00:33:23 nothing to because it can be spoofed spoofed is where orders can be flashing
373 00:33:23 --> 00:33:27 in there. Like there's a lot of buy orders above a specific price level or
374 00:33:27 --> 00:33:32 at a particular price level on the on the ladder of a DOM. And they can be
375 00:33:32 --> 00:33:39 spoofed large institutions, okay, like Goldman Sachs, and Citi, all these kind
376 00:33:39 --> 00:33:46 of big, big conglomerates for trading, they have been punished and charges put
377 00:33:46 --> 00:33:52 against them and fined for spoofing and pretending to really try to have orders
378 00:33:52 --> 00:33:59 there. And that it's a gimmick, okay, your it takes more faith to believe in
379 00:33:59 --> 00:34:02 that than it is that you just simply look at where the stops should be.
380 00:34:02 --> 00:34:06 Where's the inefficiencies, they don't hide them from you. They can't hide them
381 00:34:06 --> 00:34:13 from me. So because they can't hide them from you. That's an advantage. Because
382 00:34:13 --> 00:34:16 everyone will have a stoploss when the market has been dropping low or
383 00:34:16 --> 00:34:21 someone's short there or someone's short in a move that's dropping, okay. And we
384 00:34:21 --> 00:34:24 don't need to know how many people are short who it is what their entity is.
385 00:34:24 --> 00:34:29 This means that they're short. And if they're going to manage risk, they're
386 00:34:29 --> 00:34:35 going to place a protective stop in the form of a buy stop above some important
387 00:34:35 --> 00:34:41 high. Well, prior to this drop down. This high was important. We've seen it
388 00:34:41 --> 00:34:46 go right back above it again, in this high. There's people that are short here
389 00:34:47 --> 00:34:52 that their stop loss was never traded to hear. See that? So that's kind of like
390 00:34:52 --> 00:34:57 when I'm basing the remaining portion of this trade on that. They have unfinished
391 00:34:57 --> 00:35:00 business above here and if they get really overzealous on the UPS aside,
392 00:35:00 --> 00:35:05 they can take it up here. And I have enough in the in the tank to allow for
393 00:35:05 --> 00:35:10 to adjust that. If it can start the run up here, I'll change this five to
394 00:35:10 --> 00:35:14 something other than five to allow me a runner because I don't want to pyramid
395 00:35:15 --> 00:35:21 on Non Farm Payroll. Non Farm Payroll is a very challenging market environment
396 00:35:21 --> 00:35:28 where I don't have the faith in my own ability to be very precise in nonfarm
397 00:35:28 --> 00:35:37 payroll market structure. Because it's quirky, it's a little bit more wild,
398 00:35:37 --> 00:35:43 where it is whips around and it seems aimless. And because of that, I can't
399 00:35:43 --> 00:35:49 trust the UNbuilding in a larger position with sound footing. Meaning
400 00:35:49 --> 00:35:56 that it's too uncertain for me to build larger positions were another day of the
401 00:35:56 --> 00:36:03 month, where there isn't this highly manipulation, order flow where it's
402 00:36:03 --> 00:36:09 literally constantly for the first hour, it's highly manipulated, and things that
403 00:36:09 --> 00:36:12 I would otherwise trust in market delivering. And I could go in here and
404 00:36:12 --> 00:36:15 just feel confident that I'm going to do this and do that. I've walked you
405 00:36:15 --> 00:36:18 through most of it to so far this morning about all of this area in here.
406 00:36:18 --> 00:36:22 And because it didn't do a certain thing I was looking for, you know, I banked
407 00:36:22 --> 00:36:27 some more. So out of the 10 contracts that was available to me in the entry
408 00:36:28 --> 00:36:30 down here. The
409 00:36:32 --> 00:36:36 the partials that I've taken one, and then three more because it wasn't given
410 00:36:36 --> 00:36:41 me what I wanted to see. And now look what's happened. Okay, we're in this
411 00:36:41 --> 00:36:47 last enclosed candle. And we're inside of this very vague gap and I'm watching
412 00:36:47 --> 00:36:54 does this candle have a body that closes below or outside this shaded blue area
413 00:36:54 --> 00:36:55 or green area?
414 00:37:01 --> 00:37:07 Here, here, Piper snore, Piper is one of my puppy boxers, all three of my dogs
415 00:37:07 --> 00:37:12 are are female, by the way, sometimes I made so many like to comment and refer
416 00:37:12 --> 00:37:16 to them as some was, sometimes they refer to them as a male puppy or a male
417 00:37:16 --> 00:37:21 dog, I don't have male dogs. I prefer the females and I don't make them, I
418 00:37:21 --> 00:37:22 don't make puppies with them.
419 00:37:29 --> 00:37:33 Alright, so I'd like to see this candle or the very next candle, start to really
420 00:37:33 --> 00:37:38 gain some momentum on the upside and get out of that green shaded area. The
421 00:37:38 --> 00:37:42 longer we spend time in this little area, the more likely we are to trade
422 00:37:42 --> 00:37:45 back down into the top of that fair value gap on the four hour chart, which
423 00:37:45 --> 00:37:46 is this level were here.
424 00:37:52 --> 00:37:58 But being in a position like this, where your your trade is funded, meaning that
425 00:37:58 --> 00:38:03 you've taken something out, anything that can happen right now cannot remove
426 00:38:03 --> 00:38:09 the profitability of this day. Like it could get down there and hit my stop, it
427 00:38:09 --> 00:38:15 doesn't matter. Because the profits are already booked. It doesn't matter to my
428 00:38:15 --> 00:38:20 trade psyche, where it will break me mentally, because it did it. If it comes
429 00:38:20 --> 00:38:23 back and starts me out. I'm not gonna have a bad weekend, because I lost
430 00:38:23 --> 00:38:29 money. It can't happen now. It cannot happen that this trade comes back
431 00:38:29 --> 00:38:34 against me stops me out. And it becomes a negative experience where I can't go
432 00:38:34 --> 00:38:39 on the weekend sailing into it with a smile, see that that's the strength.
433 00:38:39 --> 00:38:43 That's the benefit of taking partials. And that's why I laugh in the face of
434 00:38:43 --> 00:38:47 people that say taking partials is stupid from someone that is anonymous in
435 00:38:47 --> 00:38:51 terms of their ability to trade or be profitable. And there's lots of them on
436 00:38:51 --> 00:39:00 Twitter, lots of them, they have large followings for no reason. So I'd like
437 00:39:00 --> 00:39:03 what we're seeing here, see how the bodies are staying just at the bottom of
438 00:39:03 --> 00:39:08 that green box. The next candle on this candle we're looking at here it opened
439 00:39:08 --> 00:39:13 right at the below the shaded area and we're working our way up in here. I want
440 00:39:13 --> 00:39:19 to see it get really energetic and start to come up out here. I believe that
441 00:39:19 --> 00:39:24 she's really snoring over there. I believe that you at 930 we're really
442 00:39:24 --> 00:39:29 going to rip up into this area here. If it doesn't do before, it definitely will
443 00:39:29 --> 00:39:35 be where I'm thinking that it's going to really reach up into that at 930 and
444 00:39:35 --> 00:39:38 really punish the people that are thinking it's going to go lower. The
445 00:39:38 --> 00:39:43 problem is is Do I have it in me to navigate and stay with this trade not
446 00:39:43 --> 00:39:51 get stopped out. I think I'm safe with the stock where I'm at. It's a bit below
447 00:39:51 --> 00:39:59 the fair pay gap on the four hour charts high and it's behind all the bodies here
448 00:40:00 --> 00:40:02 So remember the bulk of the volume is what in the bodies of the candle, the
449 00:40:02 --> 00:40:08 wick does the damage. And it just seems like, you know, if I get stopped out,
450 00:40:08 --> 00:40:14 I'm okay, this is what I'm saying. And you really want to have your trait and
451 00:40:14 --> 00:40:18 let's take this Fibonacci off because it's really cluttering up the chart. And
452 00:40:18 --> 00:40:21 we've already seen what it was used for
453 00:40:31 --> 00:40:34 She sounds like a lumberjack of theirs Lauren
454 00:40:44 --> 00:40:49 some of you foreign folks are going to assume that that's flatulence. Somebody,
455 00:40:49 --> 00:40:53 some I leave a comment in one of the videos where I've, I didn't mention it
456 00:40:53 --> 00:40:57 was my puppy snoring. And that's why I do it. Because I'm human. I mean,
457 00:40:57 --> 00:41:02 obviously, you know, when I eat and consume food, I'm just like, you know,
458 00:41:02 --> 00:41:07 those things are gonna happen. But I'm not doing that on videos. I would never
459 00:41:07 --> 00:41:12 do that on video. But yeah, some I've seen comments from folks I'm certain are
460 00:41:12 --> 00:41:20 foreigners. They hear a sound, and because the sound isn't addressed. And
461 00:41:20 --> 00:41:25 maybe they're watching my videos through like, subtitles and whatnot, closed
462 00:41:25 --> 00:41:37 caption. They're thinking that so I'm so unsavory to do something like that on a
463 00:41:37 --> 00:41:43 video or leave it in there, that would be it'd be atrocious. So that's the
464 00:41:43 --> 00:41:47 reason why I'm bringing it out. I'm making sure I'm including it that way
465 00:41:47 --> 00:41:51 for the folks that listen to these videos. They hear me talking in a
466 00:41:51 --> 00:41:54 language you probably don't understand, but they're watching the subtitles. So
467 00:41:55 --> 00:41:58 because they hear that sound, that sound is not in a specific language. It's my
468 00:41:58 --> 00:42:03 puppy snoring. So that's why I'm making sure it's included here in the
469 00:42:03 --> 00:42:03 discussion.
470 00:42:09 --> 00:42:16 I've had people when I was in the middle of thought I'd be like, it would sound a
471 00:42:16 --> 00:42:20 little funny. And they think Did you just belt or burp? And they you know,
472 00:42:20 --> 00:42:25 they put a time stamp on it. I'm like, how can they think that's about or burn,
473 00:42:25 --> 00:42:29 it's me just holding on to where I want to go with this. And sometimes I want to
474 00:42:29 --> 00:42:35 say certain things. But then common sense kicks in says don't go there. So I
475 00:42:35 --> 00:42:39 had to change the direction and what I'm going to say or deliver a specific
476 00:42:39 --> 00:42:42 point, especially during live discussions
477 00:42:49 --> 00:42:55 Alright, so we're coming up on just about 17 minutes till the opening bell
478 00:43:06 --> 00:43:08 clean up this up, get this off here.
479 00:43:14 --> 00:43:19 So while watching this, I'm gonna have these inefficiencies outlined from this
480 00:43:19 --> 00:43:28 candles low, which is her here. This camp was high, that one single pass that
481 00:43:28 --> 00:43:32 big candle right here. That is the fair value gap, that fair value gap because
482 00:43:32 --> 00:43:39 it's an up close candle. Makes it a busy by side imbalance, sell side
483 00:43:39 --> 00:43:45 inefficiency. We have since offered sell side. And I don't like the heaviness
484 00:43:45 --> 00:43:49 that we're experiencing in here because it's spending way too much time at the
485 00:43:49 --> 00:43:55 low end of that. I don't like that. It doesn't bode well for the setup. But I'm
486 00:43:55 --> 00:44:00 going to commit to it for the basis of teaching the difficulties because it's
487 00:44:00 --> 00:44:04 one thing for me to say I don't like to trade Non Farm Payroll. And for the
488 00:44:04 --> 00:44:09 people that get out there and they over leverage, and they gamble, any guess and
489 00:44:09 --> 00:44:13 they might live streaming or they maybe don't live stream. They don't show it to
490 00:44:13 --> 00:44:17 live account. They don't show it to live data. You know for all those individuals
491 00:44:17 --> 00:44:20 that say that and they always come after the fact. They always come after the
492 00:44:20 --> 00:44:25 fact say, you know, I made money on this day and ICT doesn't trade on this day.
493 00:44:25 --> 00:44:28 He tells you not to trade on Mondays I trade every Monday on that from payroll
494 00:44:28 --> 00:44:34 week. I trade every single Monday on a Non Farm Payroll week. But I may not
495 00:44:34 --> 00:44:40 trade a Monday on any other week. I'm comfortable with letting the market have
496 00:44:40 --> 00:44:44 that. So see we had a close outside that shaded area. So because we had this one
497 00:44:44 --> 00:44:48 single closed, it's inside this down close candle. So what I'm weighing out
498 00:44:48 --> 00:44:52 is okay, well, it could still do what I would like to see it happen in move
499 00:44:52 --> 00:44:59 higher. But the more time we spend drifting lower, the more likely that
500 00:44:59 --> 00:45:04 they'll want to Take the 930, run, rip that low, then come back up here. That's
501 00:45:04 --> 00:45:08 the that's the problem I'm facing with this trade right now. And that's what's
502 00:45:08 --> 00:45:11 in my mind, that's what I'm concerned about, but not to the degree where it's
503 00:45:11 --> 00:45:14 freaking me out or making me upset. And if it comes down and does that very
504 00:45:14 --> 00:45:19 thing, I don't care. That's the wonderful thing about how taking
505 00:45:19 --> 00:45:23 partials, knowing where and why you should take that partial, it frees your
506 00:45:23 --> 00:45:32 mind up about needing to be what, right. That is power, that strength, partials
507 00:45:32 --> 00:45:36 remove the necessity for you as the trader, whether you're advanced and
508 00:45:36 --> 00:45:40 you've been dealing with for a long time, or you're new and are fledgling
509 00:45:40 --> 00:45:45 student of price action, it removes that very, very difficult task of managing
510 00:45:45 --> 00:45:51 the impulse to be correct to be right. Because I'm going to be honest with you,
511 00:45:51 --> 00:45:53 I've said this many times before, and I learned this from Larry Williams that
512 00:45:53 --> 00:46:04 coined it from many times, watching his four VHS tape series. You're never
513 00:46:04 --> 00:46:12 right. In trading. You're never right. You're never ever, ever, ever, ever,
514 00:46:12 --> 00:46:18 ever, right? You're either profitable or unprofitable. Now, how's that possible?
515 00:46:19 --> 00:46:23 We surely you're right, if you make money? I guess so. But really are you?
516 00:46:23 --> 00:46:28 Did you really buy as much as you really wanted to after the trade close, because
517 00:46:28 --> 00:46:32 you're always going to say, if I just would have bought more shares, if I just
518 00:46:32 --> 00:46:37 would have bought more contracts, if I would have just bought more lots. If I
519 00:46:37 --> 00:46:41 just want to maximize the contract, they allow me to trade for my combine or my
520 00:46:41 --> 00:46:47 funded account. If I just want to use the max leverage, I could have made this
521 00:46:47 --> 00:46:50 much. So what are you saying? You weren't right. Even though you made
522 00:46:50 --> 00:46:55 money? You're saying you weren't right? Because right is defined by you by doing
523 00:46:55 --> 00:47:01 the most. And I'm telling you, that's a lie. That's toxic thinking. And that's
524 00:47:01 --> 00:47:06 why that you're never going to be right. So you're objective in trying to be
525 00:47:06 --> 00:47:11 right in your trades. That's a foolish errand and you can't do that it's
526 00:47:11 --> 00:47:16 impossible for you to be right. Because even if you share your profitable trade
527 00:47:16 --> 00:47:20 someone and I do it, people come into the comment section. And they'll say,
528 00:47:20 --> 00:47:24 But why didn't you take profits here mighty profits there? That's your way of
529 00:47:24 --> 00:47:27 doing it. But you're looking at it after it's happened? Why don't you show me
530 00:47:27 --> 00:47:31 your trade where you did that? They're not doing that. So it's pointless to
531 00:47:31 --> 00:47:34 have conversations about why didn't I do this? And why didn't because I didn't
532 00:47:34 --> 00:47:39 trade it that way. Okay, when I'm doing a trade, and I'm explaining it to you,
533 00:47:39 --> 00:47:43 and I'm showing you why I'm doing certain things. That's how I'm managing
534 00:47:43 --> 00:47:48 that trade, based on my understanding my belief in how the market may behave, or
535 00:47:48 --> 00:47:54 it shouldn't behave. I'm being responsible, I'm owning my own decision.
536 00:47:54 --> 00:47:58 I'm not lending it out to someone else to critique it, and then learn from
537 00:47:58 --> 00:48:02 their insight. I'm not here to learn from anybody. I already know what I'm
538 00:48:02 --> 00:48:10 doing. And I'm comfortable with being not perfect. My results, you see them,
539 00:48:10 --> 00:48:14 you see the results of my students, you see the growth in our community, in the
540 00:48:14 --> 00:48:18 phenomenon that is Smart Money concepts, that it's global. Now it's viral, it's
541 00:48:18 --> 00:48:23 everywhere, and really upsets a lot of people because it casts a very large
542 00:48:23 --> 00:48:28 shadow, that they can't step outside up. Because we have students, you have a
543 00:48:28 --> 00:48:32 mentor that can do this, that can explain it before it happens, do it in
544 00:48:32 --> 00:48:37 great detail. And my students are able to learn that same skill set. And
545 00:48:39 --> 00:48:43 unfortunately, it's created a very large body of witnesses that have testimonies
546 00:48:43 --> 00:48:47 that are undeniable that it works, it works in their hands, they're trading
547 00:48:47 --> 00:48:51 markets that I don't touch I won't even comment on and they're making money
548 00:48:51 --> 00:48:56 using what they learned here on this YouTube channel. And that is inspiring.
549 00:48:56 --> 00:48:59 It should be inspiring, it should not be a reason for you to go out and start
550 00:48:59 --> 00:49:05 doing videos. Here's why ICT some concepts or Smart Money, concepts don't
551 00:49:05 --> 00:49:09 work. And then not even teach it the way it's been taught or even referred to it
552 00:49:09 --> 00:49:13 the way it's been taught. You can make videos saying that you failed using it
553 00:49:13 --> 00:49:16 because you haven't spent enough time learning how to do it properly. That's
554 00:49:16 --> 00:49:19 fine if you need clicks, okay, a lot of people put my name out there in their
555 00:49:19 --> 00:49:23 YouTube videos just to get clicks. I get it things times are hard and groceries
556 00:49:23 --> 00:49:27 are more expensive things are expensive. And you know my name sells right now.
557 00:49:28 --> 00:49:32 But in trading, if you're in this industry to learn how to make money,
558 00:49:32 --> 00:49:36 people don't have any time for all that nonsense. They're here to learn how to
559 00:49:36 --> 00:49:40 trade. And if someone's not learning how to trade for me, they're not going to
560 00:49:40 --> 00:49:42 spend time here. They're going to go on to somebody else that's going to be able
561 00:49:43 --> 00:49:47 to help them and I'm telling you to do that very thing. This like I said
562 00:49:47 --> 00:49:52 yesterday, in the YouTube video, I mentioned that if I'm not helping you
563 00:49:52 --> 00:49:56 don't spend any time here. If I'm a distraction from something that you've
564 00:49:56 --> 00:50:00 maybe you've already profitable, you have a model that works for you. You In,
565 00:50:00 --> 00:50:05 I'm causing a great deal of confusion for you. And now you're having some
566 00:50:06 --> 00:50:14 struggles. Don't listen to me. How hard is that? It's very easy. I don't have a
567 00:50:14 --> 00:50:19 fragile ego, like I don't have a dependency on you loving me. But for the
568 00:50:19 --> 00:50:22 folks that want to learn how to do this, it's been made available to you for
569 00:50:22 --> 00:50:27 free, like I do spend time in and you don't have to come to this video, you
570 00:50:27 --> 00:50:32 don't have to come to this YouTube channel, you can literally study what's
571 00:50:32 --> 00:50:36 already been shown to you, the last few years, you never need to come back to
572 00:50:36 --> 00:50:41 these videos. Because I've already taught it. It's there, it's already in
573 00:50:41 --> 00:50:44 there, you've experienced it already. What's missing is that you haven't spent
574 00:50:44 --> 00:50:49 time doing it back testing it, studying it. And going forward tests where you're
575 00:50:49 --> 00:50:53 watching tape reading where you're not doing a trade. Okay? And again, this
576 00:50:53 --> 00:50:56 sort of people all you know, show me your tape reading, okay, show me your
577 00:50:56 --> 00:51:00 level two data at level two data is a gimmick, it's a bunch of bullshit. Okay,
578 00:51:00 --> 00:51:04 let's be honest, it's bullshit. And it's the same thing as the depth of market
579 00:51:04 --> 00:51:10 data, the Damn, it's all spoofed. You cannot spoof this candle being an
580 00:51:10 --> 00:51:14 inefficiency. You cannot spoof this inefficiency down here in the four hour
581 00:51:14 --> 00:51:18 range that I highlighted. You can't spoof the fact that that high rate there
582 00:51:18 --> 00:51:21 had an price run move away from it. So there's going to be liquidity resting
583 00:51:21 --> 00:51:25 mode that you need book map software program gimmick application to tell you
584 00:51:25 --> 00:51:29 there's a stoploss out there or orders above that you need that I don't need
585 00:51:29 --> 00:51:34 that. I don't need that. But in the beginning, it makes sense for you to be
586 00:51:34 --> 00:51:38 able to see it visually with these crutches, these little aids, these these
587 00:51:38 --> 00:51:43 helpers, but eventually, you're going to outgrow them. And you're not going to
588 00:51:43 --> 00:51:47 have anything on your chart. All these things are on the chart. So that way,
589 00:51:47 --> 00:51:53 you can see what I'm weighing in terms of concern, importance, what salient to
590 00:51:53 --> 00:52:00 me in this price action, where it is my focus, lie inside of that what we're
591 00:52:00 --> 00:52:08 having right now is price given to us. I do not have anything on my charts. When
592 00:52:08 --> 00:52:15 I'm trading and I'm not trying to teach it, my charts look like this. That's it.
593 00:52:17 --> 00:52:22 That's it, it's naked to me, on a notepad, I have the same levels that is
594 00:52:22 --> 00:52:26 being indicated here. The high of The Four Hour, the low the four hour
595 00:52:26 --> 00:52:31 ferrite, you got the high in the low in the midpoint of that inefficiency on the
596 00:52:31 --> 00:52:36 lower timeframe we've literally did in front of you. I have these two levels.
597 00:52:36 --> 00:52:40 Here. In the midpoint level, I'm written down on a notepad and what I'm
598 00:52:40 --> 00:52:43 consciously doing, because I'm not trying to talk to anybody when I'm
599 00:52:43 --> 00:52:49 trading. I'm looking at where price is every few minutes, every individual
600 00:52:49 --> 00:52:53 Minute, I'm looking at other things in relationship to that. And those
601 00:52:53 --> 00:52:58 measurements of how much time we're spending. How does it behave? Is it
602 00:52:58 --> 00:53:02 respecting these levels, with the idea that I think we're going to go above
603 00:53:02 --> 00:53:09 this high, this high end up in here, post 930. So when the market opens in
604 00:53:09 --> 00:53:13 the New York session, opening bell rings and on CNBC, they're all clapping, like
605 00:53:13 --> 00:53:14 they did something amazing.
606 00:53:15 --> 00:53:20 And when that happens, that rush have liquidity, that order flow that comes
607 00:53:20 --> 00:53:24 rushing in the marketplace, I believe that they're going to use all those
608 00:53:24 --> 00:53:29 orders coming in. That is not buying and selling pressure. Because when that
609 00:53:29 --> 00:53:34 liquidity is coming into the marketplace, when your stop loss gets
610 00:53:34 --> 00:53:40 hit, that's the puppies rolling around in their kennel roll momentarily. When
611 00:53:40 --> 00:53:45 that order flow comes in that rush and it hits a stop loss, when that stop loss
612 00:53:45 --> 00:53:51 gets hit. If it's a sell stop, it is flooding the market with sell orders at
613 00:53:51 --> 00:53:58 the market. whatever price you can give me and what the algorithm does, it uses
614 00:53:58 --> 00:54:03 that constant rush of new orders coming in the marketplace to run up and reprice
615 00:54:03 --> 00:54:09 to another pocket of liquidity here. By stops by stops by stops. Remember
616 00:54:11 --> 00:54:18 relative equal highs here, and then over here. We have that high back there. So
617 00:54:18 --> 00:54:24 they're gonna target that when opening bell rings at 930. That's my belief. If
618 00:54:24 --> 00:54:29 I'm wrong, guess what? I mean money. Did you make money today? If you watch this
619 00:54:29 --> 00:54:33 over the weekend, did you make money on Friday? See, I'm going to sweet position
620 00:54:33 --> 00:54:39 right now. I don't need my trade to be right. I don't need to be right. I'm
621 00:54:39 --> 00:54:42 right as rain as far as I'm concerned. It is straight up profitable for me
622 00:54:42 --> 00:54:46 right now where I'm at and I don't need to be right and I don't have to be
623 00:54:46 --> 00:54:51 afraid of being wrong. If this doesn't pan out and started me I'm uploading it
624 00:54:51 --> 00:54:58 anyway. I don't I don't know how to make it any plainer than that. Like I have
625 00:54:58 --> 00:55:04 zero emotion Zero emotion. If this fails and doesn't pan out like I want, it
626 00:55:04 --> 00:55:08 doesn't mean that things that I know and trust won't work for me next Monday,
627 00:55:08 --> 00:55:11 next Tuesday, next Wednesday, next Thursday, next Friday, it doesn't mean
628 00:55:11 --> 00:55:17 that it won't work for me next May in 2024, it won't pan out for me in months
629 00:55:17 --> 00:55:21 and years ahead. It's not going to change that. But see, when you're new,
630 00:55:22 --> 00:55:26 you tend to think that way, if this trade doesn't pan out, I'm skipping over
631 00:55:26 --> 00:55:32 SMC Smart Money, concepts, ICC stuff, it doesn't work. I'm going to skip over
632 00:55:32 --> 00:55:37 this, because I can't make it work. So therefore, it doesn't work at all. And
633 00:55:37 --> 00:55:41 you'll deny the ample evidence that it does, and people are making real money
634 00:55:41 --> 00:55:49 with it undeniable evidence. So who really has a firm grasp on their
635 00:55:49 --> 00:55:56 emotions here? I know I have. I'm bipolar. Yeah. But when it comes to
636 00:55:56 --> 00:56:00 this, I'm very focused, I know exactly what I'm doing. But I can't be focused
637 00:56:00 --> 00:56:05 if I'm in an environment where people can actively ask me questions while I'm
638 00:56:05 --> 00:56:12 doing it. Because what does that do? It opens up this beautiful distraction,
639 00:56:12 --> 00:56:17 where because of my experience, and my character, I can run rampant, and go
640 00:56:17 --> 00:56:24 through all these different tangents. And because of my importance of making
641 00:56:24 --> 00:56:28 sure that you understand anything I'm referring to I go overboard and trying
642 00:56:28 --> 00:56:36 to make sure you understand to the, to a degree, that is just a testament that my
643 00:56:36 --> 00:56:42 concern is, I want you to really know what I mean. Not just, yeah. The market
644 00:56:42 --> 00:56:48 should go up to those stops up there at 4600. Okay, why? Why do you think that?
645 00:56:49 --> 00:56:52 I'm glad you asked. Let me go through all of this. In New York, some of you
646 00:56:52 --> 00:56:56 don't want to hear that. Because you just want to know, tell me how I can
647 00:56:56 --> 00:57:01 easily just get to it's going to run the 45 98.75 high. Because if I can do that,
648 00:57:02 --> 00:57:06 that's the bias. And I can make money wrong. Absolutely wrong. But you don't
649 00:57:06 --> 00:57:10 want to hear that lesson. You don't hear that, that that truth from me. You don't
650 00:57:10 --> 00:57:13 want to hear it, you reject it. Because it doesn't fit your underlying narrative
651 00:57:13 --> 00:57:18 to what you believe how you should learn. You're coming to me with no
652 00:57:18 --> 00:57:21 understanding about what it is I'm teaching. And you're going to tell me,
653 00:57:21 --> 00:57:25 and many of you and many my paid students, which I don't have a paid
654 00:57:25 --> 00:57:29 mentorship anymore, I will not be opening one in the future. If my books
655 00:57:29 --> 00:57:32 sell like hotcakes, and it gets real popular because of the books. I'm not
656 00:57:32 --> 00:57:36 going to do a mentorship where I'm charging people money for lessons like
657 00:57:36 --> 00:57:42 that, again, I'm not doing that. Like I'm not trying to do anything except for
658 00:57:42 --> 00:57:48 help you. That's it. That's all I'm trying to do. And many, many times
659 00:57:48 --> 00:57:54 you're you're fighting me. No, I don't want your I don't want your free help. I
660 00:57:54 --> 00:57:58 know how should be taught, I know how I should learn how to do this, when you
661 00:57:58 --> 00:58:01 don't even know what it is you're trying to learn to how can you tell me as a
662 00:58:01 --> 00:58:06 teacher, this is how you should teach me know, a real student is going to say,
663 00:58:06 --> 00:58:11 I'm ready to be taught. What is it you have for me to learn today. And that let
664 00:58:11 --> 00:58:16 experience dictate the pace and direction and where you go with it. But
665 00:58:16 --> 00:58:21 in today's society, it doesn't that doesn't fit. It doesn't fit the mold. It
666 00:58:21 --> 00:58:25 doesn't give the the comfort that's necessary for that. Give it to me right
667 00:58:25 --> 00:58:30 now. And it's already too late. Crowd that that mindset of impatience
668 00:58:30 --> 00:58:35 entitlement. It's rampant right now. And that's why I'm off of social media like
669 00:58:35 --> 00:58:38 Twitter and stuff. You know, it's toxic. It's really toxic, because there's
670 00:58:38 --> 00:58:45 people there that pretend to be smart. And they're idiots. bowls, and I don't
671 00:58:45 --> 00:58:48 have time for that every year, I can be in my little bubble, I can talk if you
672 00:58:48 --> 00:58:50 choose to come here and you came, you came here and by your own choice, I
673 00:58:50 --> 00:58:54 didn't drag you over here, right. And you're watching these videos because you
674 00:58:54 --> 00:58:57 want to listen to it. You want to learn the word, you want to take something
675 00:58:57 --> 00:59:03 from it and you run in to your little circle of circle jerks and make fun of
676 00:59:03 --> 00:59:06 something that you still don't understand or even come close to
677 00:59:06 --> 00:59:13 replicating. So again, I will accommodate all manner of audience you
678 00:59:13 --> 00:59:18 can come here to learn you can come here you feel like you're smart you know and
679 00:59:18 --> 00:59:22 look at something and they'll go on social media and lie and said the same
680 00:59:22 --> 00:59:25 tree that I did. Or you did something opposite when I was trying to do
681 00:59:25 --> 00:59:29 something and said you made money but you're not really showing anything. I
682 00:59:29 --> 00:59:32 don't have time for that. You shouldn't have any time for that. Okay, if you're
683 00:59:32 --> 00:59:35 going to take the time to even post anything on social media at all. Here we
684 00:59:35 --> 00:59:42 are an opening bell. Missy rip up into this, this in up here. So I'm gonna get
685 00:59:42 --> 00:59:55 my orders ready because if it does me take this off and I want to just do
686 00:59:56 --> 01:00:03 three above there and I want to do one and manually if at all, allow me if we
687 01:00:03 --> 01:00:07 get above here, so these are relatively equal lows. So I'm looking at that
688 01:00:07 --> 01:00:11 suddenly putting up here visually. So I'm watching if price goes up into that
689 01:00:11 --> 01:00:13 level here and goes above it, I'm going to close one.
690 01:00:19 --> 01:00:29 Piper, hey, I'm sorry, let's go. Alright, so far, so good, I want to see
691 01:00:29 --> 01:00:37 it really accelerate, reaching into that area here. So if I close one above this
692 01:00:37 --> 01:00:41 area hereby site is, then if it gets up to here and takes that limit order
693 01:00:41 --> 01:00:46 there, that will give me two remaining contracts that I'll treat as a runner.
694 01:00:46 --> 01:00:51 And if it can get up here, I'm going to place my stop loss rate at the high of
695 01:00:51 --> 01:00:55 the, for our fair Vega, so it's not gonna be much of a change. But I do want
696 01:00:55 --> 01:00:59 to have a little bit more protected on the balance of the two contracts, what's
697 01:00:59 --> 01:01:01 more, they won't make a difference in the grand scheme of things.
698 01:01:12 --> 01:01:17 Now, I want you to think about the mindset of who was hopeful and being
699 01:01:17 --> 01:01:23 profitable this morning, they set the trap that it was going lower than it
700 01:01:23 --> 01:01:27 really dropped down here. The mindset is, okay, the markets weak, it's
701 01:01:27 --> 01:01:31 probably gonna keep going lower. And I don't want to subscribe to that view, I
702 01:01:31 --> 01:01:39 want to see where they left traders feeling safe. These stops here, that
703 01:01:39 --> 01:01:44 have been trailed from here to here. For those investors that were short from up
704 01:01:44 --> 01:01:47 in here, that have their stop loss here, or felt like they had to place their
705 01:01:47 --> 01:01:57 stop above that board, I back here. Back here, okay. So that's what I'm
706 01:01:57 --> 01:02:03 attacking, I'm targeting that. And I'm running against the logic of a retail
707 01:02:03 --> 01:02:08 trader that is, hopefully, you know, wanting to see lower prices. And they're
708 01:02:08 --> 01:02:14 trying to be responsible with their account and using stock orders, which in
709 01:02:14 --> 01:02:20 this case, is going to be their undoing. If I'm correct in my trade, and it pans
710 01:02:20 --> 01:02:24 out like I want to, but I don't need it to That's the wonderful thing. Like
711 01:02:24 --> 01:02:29 that's a wonderful place to be in your trading where you don't need it to do
712 01:02:29 --> 01:02:33 this. But if it does, wow, what a feeling because it profits, and it's an
713 01:02:33 --> 01:02:37 encouragement to you. But you don't have any of the negative components that come
714 01:02:37 --> 01:02:42 along with, I needed to be right. Because to be right means in your mind,
715 01:02:43 --> 01:02:47 you have to be right to be profitable, I can be profitable and not right. Think
716 01:02:47 --> 01:02:53 about that. How's that for logic. And that's what really, I believe that
717 01:02:54 --> 01:02:58 traders should focus there. And professional trader traders. That's what
718 01:02:58 --> 01:03:01 that's how they operate. They operate in probabilities that allows them to be
719 01:03:01 --> 01:03:05 profitable, and they leave their ego at the door. They don't care about being
720 01:03:05 --> 01:03:08 right. They don't care about having the better feel than the other guy. They
721 01:03:08 --> 01:03:13 don't care about. Anything except for did they make their ends meet? Are they
722 01:03:13 --> 01:03:16 making more money? Did they protect what they have or be preserving capital,
723 01:03:16 --> 01:03:20 which is number one rule. Number one we're winning the game is to preserve
724 01:03:20 --> 01:03:24 capital. And that was the whole premise of how I traded so far this morning, is
725 01:03:24 --> 01:03:28 I allowed the market to pay me there's no way that this trade can come back
726 01:03:28 --> 01:03:31 against me and I can lose money on it. There's not there's not it's not going
727 01:03:31 --> 01:03:37 to happen. I shouldn't say that there is a way for it to happen. If it were to be
728 01:03:37 --> 01:03:40 here, right here at this moment and they drop a nuclear bomb somewhere and in the
729 01:03:40 --> 01:03:44 market is gaps all the way down 100 points, then that would be a losing day.
730 01:03:45 --> 01:03:49 But that's the inherent risks that you are associated with trading. When you
731 01:03:49 --> 01:03:52 sign up to your account, when you put real money into a brokerage account.
732 01:03:53 --> 01:03:56 You're basically saying as long as there's liquidity, we'll we'll try to
733 01:03:56 --> 01:03:59 get out. But there's no guarantee. And there's no guarantee you're going to get
734 01:03:59 --> 01:04:04 the price that you are hoping for, you might get a price that slips you
735 01:04:04 --> 01:04:10 horribly. Barring that event, there's no way that this can turn into a negative
736 01:04:10 --> 01:04:15 day for me. And that is a rare, very reassuring and comforting feeling. As a
737 01:04:15 --> 01:04:20 trader, it frees you up to just sit back and trust what your model should be
738 01:04:20 --> 01:04:24 doing. And if it doesn't pan out, it's not going to cause you to squirm.
739 01:04:24 --> 01:04:28 Whereas if you've taken nothing out of the trade, if you take nothing out of
740 01:04:28 --> 01:04:32 the trade you've taken no partial. You're hoping and praying please start
741 01:04:32 --> 01:04:37 moving in my favor. Please start doing the touch that right there. Now I want
742 01:04:37 --> 01:04:40 to see it, do a little bit of that and then repeat. That's what I want. I don't
743 01:04:40 --> 01:04:49 want to see it close below the midpoint of that fair value gotten here. So it's
744 01:04:49 --> 01:04:53 really important that you you guard your mind and you learn things that help you
745 01:04:54 --> 01:04:58 understand how you behave and how you think about the market while you're in a
746 01:04:58 --> 01:05:03 trade. It's Many times, it's the very things that you are ignoring about
747 01:05:03 --> 01:05:07 yourself, that you keep repeating, that are going to be toxic to your
748 01:05:07 --> 01:05:12 development. There are hindrances to you. And you don't realize it. You think
749 01:05:12 --> 01:05:15 by pretending that it's not there or blocking it out. And in lying to
750 01:05:15 --> 01:05:19 yourself, Well, I was right about this. I'm right about that. But you're not
751 01:05:19 --> 01:05:22 addressing or at least identifying the things that are holding you back that
752 01:05:22 --> 01:05:26 are problematic. The toxic thinking the what if thinking, what if it turns
753 01:05:26 --> 01:05:30 around, I lose on this trade? Okay, that's the same thing as what happens if
754 01:05:30 --> 01:05:34 you start to drive to work tomorrow. I shouldn't say tomorrow is Saturday or
755 01:05:34 --> 01:05:38 something you work on Saturday, right? The next day, you go to work, you get in
756 01:05:38 --> 01:05:41 your car, you get in your car, you start the car, and you think, oh, what happens
757 01:05:41 --> 01:05:44 if I get a flat tire? Well, what are you going to do with it, you're just going
758 01:05:44 --> 01:05:47 to leave the car on the side of the road and abandon it because he's got a flat
759 01:05:47 --> 01:05:50 tire, now you're going to take care of it, you're going to address it, you're
760 01:05:50 --> 01:05:53 going to lose some time, you're going to get late to work, you're going to lose
761 01:05:53 --> 01:05:56 some wages, you're going to spend money that you don't enjoy spending, it's a
762 01:05:56 --> 01:06:00 cost. It's a hindrance, but life still gonna go on, you're gonna still trust
763 01:06:00 --> 01:06:04 the motto of getting up starting your car driving to work going there and
764 01:06:04 --> 01:06:08 exchanging your time for money. So that way you can meet your bills, right? So
765 01:06:08 --> 01:06:12 trading needs to be the same way. You need to be able to say, okay, my trade
766 01:06:12 --> 01:06:16 that I'm in right now, if it doesn't pan out, it doesn't change my model, I'm
767 01:06:16 --> 01:06:19 still going to do these things. I'm going to manage risk the same way. I'm
768 01:06:19 --> 01:06:24 not going to over leverage. Do you everyday go to work speeding 120 mile an
769 01:06:24 --> 01:06:30 hour? No. Now, you might do it once in a while when you're really really late.
770 01:06:30 --> 01:06:35 But we're spirit a small period of time. But that's it's exaggerated risk. What
771 01:06:35 --> 01:06:39 is it risking it's risking your life, your property, other people's property
772 01:06:39 --> 01:06:43 and their health and their life. And it's risking you what a ticket,
773 01:06:44 --> 01:06:49 potentially jail time because you're speeding excessively. And all of that is
774 01:06:49 --> 01:06:52 excessive risk. So the same thing in your training, you don't go in there,
775 01:06:52 --> 01:06:56 just because top staff or another company out there says hey, I'm going to
776 01:06:56 --> 01:07:02 allow you to trade 15 contracts in your combine, it doesn't mean do it. Just
777 01:07:02 --> 01:07:06 because your odometer says you can do 100 miles an hour doesn't mean that
778 01:07:06 --> 01:07:09 you're on a road that you should be doing it on. There's risks to doing
779 01:07:09 --> 01:07:15 that. So being able to manage your expectations, manage yourself, manage
780 01:07:15 --> 01:07:21 how you behave. I'm looking at this candlestick right here, inside of that
781 01:07:21 --> 01:07:32 fear Vega right there. Like to see it, respect that and start to sending it
782 01:07:32 --> 01:07:38 higher. Spending a lot of time in this area here. I'm not. I'm not overzealous
783 01:07:38 --> 01:07:43 about why it's spending so much time that consolidation
784 01:07:48 --> 01:07:51 lost my train thought about what I was saying. But main thing is, is you just
785 01:07:51 --> 01:07:58 want to be able to remove the necessity about being right. Okay, using the same
786 01:07:58 --> 01:08:05 analogy of driving to work. What happens if you get in your car. And before you
787 01:08:05 --> 01:08:09 start the car off and you think yourself what happens if my battery died? Well,
788 01:08:09 --> 01:08:12 you're gonna get a hotshot, you're gonna get someone to give you a jump, or
789 01:08:12 --> 01:08:16 you're gonna have to go some way to get to a store to buy a battery to replace
790 01:08:16 --> 01:08:20 it, and then go back to doing what you're doing. It's an exchange for your
791 01:08:20 --> 01:08:26 time. It's a nuisance, it's not fun. It's not pleasurable, it's an expense
792 01:08:26 --> 01:08:29 that you would rather not be spending. But that's how trading is sometimes too.
793 01:08:30 --> 01:08:34 But when you are a new trader, you're thinking, I gotta find a way to avoid
794 01:08:34 --> 01:08:39 losing. What are you really saying about yourself, you have a character flaw that
795 01:08:39 --> 01:08:44 you can't accept imperfection. When professional traders embrace
796 01:08:44 --> 01:08:50 imperfection. We embrace it, we know that we can't be perfect. So therefore
797 01:08:50 --> 01:08:55 Our strength is our acceptance of the uncertainty. This hard right edge over
798 01:08:55 --> 01:09:00 here, where no one knows what the next candle is going to do. I'm comfortable
799 01:09:00 --> 01:09:05 in that area. I'm real comfortable with it. As a new trader, it's scary. It's
800 01:09:05 --> 01:09:09 uncharted territory. And there's mythological beasts and monsters and sea
801 01:09:09 --> 01:09:14 creatures out there is going to take you under and drown you devalue. I was there
802 01:09:14 --> 01:09:18 before I know what that feels like. But I'm also you that same person that says,
803 01:09:19 --> 01:09:25 yeah, if I get out there, and I go, and deep sea dive in shark infested waters,
804 01:09:25 --> 01:09:34 I run the risk of getting bitten, yes. But if I follow a model, and I stay in a
805 01:09:34 --> 01:09:40 close proximity to the boat, I'm in a cage and that bleeding and that putting
806 01:09:40 --> 01:09:46 chum in the water, those chances are far less likely. And I could still encounter
807 01:09:46 --> 01:09:51 these beautiful creatures that God's created. So there's a measure of
808 01:09:51 --> 01:09:56 managing the risks. Okay. So that's what trading should be about. And it's it's
809 01:09:56 --> 01:10:02 fun when you are able to control the risk keep it manageable. And then by
810 01:10:02 --> 01:10:09 doing that, that association of managing risk appropriately, allows you to enjoy
811 01:10:09 --> 01:10:14 the experience of trading. It's fun, where it's not a terribly a frightening
812 01:10:14 --> 01:10:20 experience for a new trader. an inexperienced trader trading is very,
813 01:10:20 --> 01:10:24 very scary. Because of what you're thinking, you have all this toxic What
814 01:10:24 --> 01:10:30 if this doesn't work? What if I do this wrong? What if? What if? What if? What
815 01:10:30 --> 01:10:35 if is a waste of time? Because majority of what you're dealing with the what if
816 01:10:35 --> 01:10:40 scenario is negative? It's rooted in negativity? What if this doesn't work
817 01:10:40 --> 01:10:44 out for me? What if I don't make any money? What if I wasted all this time
818 01:10:44 --> 01:10:47 watching these videos? What if I've wasted time believing something that
819 01:10:47 --> 01:10:52 isn't really happening? What if it's all a scam? What if all these people were
820 01:10:52 --> 01:10:56 paid actors and they don't really make money? That's all that one too. It's,
821 01:10:56 --> 01:11:01 it's funny, right? It's ridiculous. But what happens if you just really put the
822 01:11:01 --> 01:11:06 effort forward? And you just simply made your best attempt to do this and you
823 01:11:06 --> 01:11:10 fell in love with it? And it started working for you? What if it happens like
824 01:11:10 --> 01:11:15 that? Think about all the time you wasted not doing it. Think about that.
825 01:11:16 --> 01:11:19 What about all those opportunities where you could have been doing this stuff
826 01:11:19 --> 01:11:24 sooner? That's what I try to instill in all of my students minds, I want them to
827 01:11:24 --> 01:11:29 think about the opportunities of how this may impact your life positively.
828 01:11:30 --> 01:11:33 I'm not promising you're gonna get rich folks, I'm not I'm not saying that at
829 01:11:33 --> 01:11:37 all. But I am saying that you will know how to read price action, and you will
830 01:11:37 --> 01:11:40 do it better than anyone else is going to be able to teach you in a book course
831 01:11:40 --> 01:11:45 or whatnot. It's more predictable. It's not ambiguous. It's something that is
832 01:11:45 --> 01:11:50 transferable knowledge. And it is fun, when you really learn how to do this.
833 01:11:50 --> 01:11:55 It's fun. And you can turn it into whatever you want to turn it into. You
834 01:11:55 --> 01:12:01 want to get wealthy, there's lots of ways to turn this into a wealthy income
835 01:12:01 --> 01:12:05 stream, through your trades that are profitable, you let time and money
836 01:12:05 --> 01:12:09 management and the money management aspects, do all the heavy lifting,
837 01:12:09 --> 01:12:15 compound interest and let time do that. But in the beginning, as a new trader,
838 01:12:15 --> 01:12:20 time is a commodity that you don't have a lot of in your mind, when you have to
839 01:12:20 --> 01:12:23 submit to the fact that you have whatever time you have left. It's it.
840 01:12:24 --> 01:12:28 however long you're here until you're taken out of this world, that's how much
841 01:12:28 --> 01:12:31 time you have. And nobody knows that. And I'm not saying that that should
842 01:12:31 --> 01:12:35 speed up this urgency that you need to learn how to do it real quick, because
843 01:12:35 --> 01:12:39 the urgency of trying to learn how to do it real quick. That unfortunately is a
844 01:12:39 --> 01:12:43 problem. And it causes people to want to rush, they want to get through it too
845 01:12:43 --> 01:12:48 fast, without really learning what it is that they should have learned. Two
846 01:12:48 --> 01:12:52 things are about to happen. If it pans out. If it goes above this swing high,
847 01:12:52 --> 01:12:57 as I mentioned before, there's buyside above that, and if it trades into that
848 01:13:03 --> 01:13:12 top so if it trades above that high, I'm going to close I'm actually going to do
849 01:13:14 --> 01:13:22 three, I'm gonna do three and then if it runs at this one here, I'll be I'll be
850 01:13:22 --> 01:13:26 done for the day. Because it's a little late in the morning and my wife this
851 01:13:26 --> 01:13:35 gave me the Harry I will have this satisfied with that. But doing your the
852 01:13:35 --> 01:13:39 bird that comes every morning around the same time, and sit down sits out there
853 01:13:39 --> 01:13:46 on my deck and starts chirping. But it's so fun, you know, seeing how students do
854 01:13:46 --> 01:13:51 the very things I encourage them to do. And the two things I was going to do is
855 01:13:51 --> 01:13:56 I'm gonna take profit here, above that 93 and a half level should offer it to
856 01:13:56 --> 01:14:00 me. And let me just do it this way because it might pull some shenanigans
857 01:14:00 --> 01:14:06 on me. Alright, so that way I limit orders there so it goes above it'll fill
858 01:14:06 --> 01:14:12 me hopefully, and then it does that then I'm gonna roll the stop up to just half
859 01:14:12 --> 01:14:13 of this wick is here
860 01:14:19 --> 01:14:25 I will roll the stop just below to 4577 even which is below consequent
861 01:14:25 --> 01:14:30 parchment. Okay. That's what's going to happen. Three contracts will come off.
862 01:14:30 --> 01:14:33 Three will be left here. Also, if it really ramps up there. They'll
863 01:14:33 --> 01:14:37 completely close out the trade and now we'll have one more opportunity to be
864 01:14:37 --> 01:14:42 able to prance around the house like Mick Jagger and tell my wife. I told him
865 01:14:42 --> 01:14:45 so. I told him so.
866 01:14:50 --> 01:15:00 Scout. Hey, Scout. It's almost time honey relax, wants to get out bear with
867 01:15:00 --> 01:15:03 me a second. These are all the things that usually get edited out of the video
868 01:15:03 --> 01:15:07 about the stolen stuff anymore and getting it wrong
869 01:15:32 --> 01:15:36 these are, these are times as a new trader, not really in front of my
870 01:15:36 --> 01:15:40 laptop. So the price didn't pick me up on volume. But these are the times where
871 01:15:40 --> 01:15:44 traders get nervous, they get scared like, Oh no, it's going back against me
872 01:15:44 --> 01:15:48 just, it's pulling back inside of this range expansion, which if this candle
873 01:15:48 --> 01:15:52 closes becomes a fair value gap, I would want to see that stay open. If this
874 01:15:52 --> 01:15:57 candle closes, I don't want to see it. All young re visit a reprice back to
875 01:15:57 --> 01:16:00 that candles Hi, I don't want to see that. There's liquidity here. There's
876 01:16:00 --> 01:16:05 liquidity here. It's in striking distance. And it is opposed to the
877 01:16:05 --> 01:16:08 underlying sentiment that's been engineered this morning where it's going
878 01:16:08 --> 01:16:11 to go lower, they cancelled out any opportunity for those people that were
879 01:16:11 --> 01:16:14 trying to be short to be profitable. See that mentioned that earlier in this
880 01:16:14 --> 01:16:23 recording. So I'm trusting I'm trusting the arm one side, one side means that
881 01:16:23 --> 01:16:29 it's going to run for the liquidity I'm targeting. I apologize if you hear
882 01:16:29 --> 01:16:32 crunching in the background. She's eating a chicken foot and give them to
883 01:16:32 --> 01:16:39 them once a day. And I think she's demand she was demanding it basically
884 01:16:39 --> 01:16:42 that she wants to get out run around. She's in a kennel right now. Because if
885 01:16:42 --> 01:16:45 I don't put her in a kennel, she'll be crawling up and jumping on my lap and
886 01:16:45 --> 01:16:49 licking me in the face. And it'd be much more distracting. And I probably
887 01:16:49 --> 01:16:52 wouldn't have been able to stay on track as much as I have been here even though
888 01:16:52 --> 01:16:56 some of you may think that this guy is all over the place. And I'm doing
889 01:16:56 --> 01:17:00 actually pretty good compared to what I've done in the past, it's to work
890 01:17:00 --> 01:17:06 better focus, I've been enjoying my time, my time away from social media,
891 01:17:06 --> 01:17:12 then away from Twitter. I miss engaging all of you. Obviously, you can see that
892 01:17:12 --> 01:17:18 by me doing this. But it just it's nice not seeing all the other stuff that
893 01:17:18 --> 01:17:23 social media constantly posts outside of trading is it constantly keep you
894 01:17:24 --> 01:17:31 depressed, ain't got time for it. Alright, so again, we've been working on
895 01:17:31 --> 01:17:37 a five minute chart. So I don't want to come off of the five minute chart. But
896 01:17:37 --> 01:17:42 when this trade hopefully pans out, it gives me at least a 45 minute three and
897 01:17:42 --> 01:17:48 a half. Phil, then I'll drop down to a limit chart and give you the the view or
898 01:17:48 --> 01:17:53 the lay of the land, if you will, on what the one minute chart looks like. I
899 01:17:53 --> 01:17:57 have forced myself to only use the chart that I'm showing you here. I'm
900 01:17:57 --> 01:18:03 downstairs in my I guess it's called the great room. My trading room is upstairs,
901 01:18:03 --> 01:18:07 where we have all the monitors and stuff. I've only used what I'm showing
902 01:18:07 --> 01:18:10 you on the laptop. Okay, so everything the perspective I've had on the
903 01:18:10 --> 01:18:15 marketplace, was limited to just what you have seen in this video. I've not
904 01:18:15 --> 01:18:18 looked at anything else, I promise you in Jesus name, there's been nothing
905 01:18:18 --> 01:18:23 else. There's no added advantages of any other timeframes. Everything was based
906 01:18:23 --> 01:18:26 on what I'm showing you here. So that way for the folks are saying, you know,
907 01:18:26 --> 01:18:29 I see you have that big setup, you know, and that's the reason why you're
908 01:18:29 --> 01:18:37 profitable. No, no, those things helped me. But they are not requirements. You
909 01:18:37 --> 01:18:41 can literally do this with one laptop and not have anything but one screen.
910 01:18:41 --> 01:18:45 You don't need to divide it up either. You don't have to have all the windows
911 01:18:45 --> 01:18:48 segregated, showing you different multiple timeframes. If you know what
912 01:18:48 --> 01:18:53 you're looking for, you simplify your model. And I've, in my opinion, I've
913 01:18:53 --> 01:18:57 simplified the things I've taught on this channel, again here on one of the
914 01:18:57 --> 01:19:03 most complex, difficult trading days by my own description and definition. Non
915 01:19:03 --> 01:19:08 Farm Payroll Fridays, are difficult trading days because they're highly
916 01:19:08 --> 01:19:14 manipulated. Meaning that what you might anticipate in any given day, they may
917 01:19:14 --> 01:19:19 deny you. They mean they may not allow me to at 9350 exit. They may not allow
918 01:19:19 --> 01:19:22 me to get any more profit. They make this Senate lower and take the stop and
919 01:19:22 --> 01:19:27 that's it. I don't care if it happens because I've done enough. But for some
920 01:19:27 --> 01:19:32 of you, it might not seem like a victory feels like oh, that was a failure. It
921 01:19:32 --> 01:19:35 didn't work like you said it was going to so therefore Smart Money concepts
922 01:19:35 --> 01:19:39 don't work. Oh, that's flawed logic. You're still gonna be working next week.
923 01:19:39 --> 01:19:43 So I mean, that's, that's the reason why you should be learning how to trade is
924 01:19:43 --> 01:19:47 that way you don't need to go to work next week. You don't need to get that
925 01:19:47 --> 01:19:50 paycheck that they're going to give you for prostituting your time.
926 01:20:00 --> 01:20:07 We're going to take the better golfer Rhinelander
927 01:20:13 --> 01:20:17 my wife doesn't like to take rides in the back because I get a little, a
928 01:20:17 --> 01:20:21 little heavy on the acceleration pedal. No all the time, but just sometimes,
929 01:20:21 --> 01:20:30 because of the the torque and pushing into the chair, it makes you think two
930 01:20:30 --> 01:20:35 years ago we were, we were driving in some nut job cut in front of me
931 01:20:35 --> 01:20:44 basically here to ODU driving a car economic vehicle, electric thing cut in
932 01:20:44 --> 01:20:53 front of me new signal, whatnot. I just wanted to fly by and I was like, No,
933 01:20:54 --> 01:20:59 don't do that. Why are you doing this man? I just wanted the buzzer. Like Top
934 01:20:59 --> 01:21:02 Gun, you know, in the same way, say you mean buzzer tower. Yeah, I'm with the
935 01:21:02 --> 01:21:07 buzzer him. So now I'm looking at the consequent correction and that wick
936 01:21:07 --> 01:21:14 right here. So I want to see that just reach into that or just above it and
937 01:21:14 --> 01:21:18 then run for that liquidity. You can go down here and wick below it, I just
938 01:21:18 --> 01:21:19 don't want to see it close below it
939 01:21:31 --> 01:21:37 you can clearly see how all this becomes a lot more confusing. And having too
940 01:21:37 --> 01:21:40 many things on your chart. That's why I don't have it, but I'm showing you
941 01:21:40 --> 01:21:43 visually. So hopefully you can appreciate what I'm doing here because
942 01:21:44 --> 01:21:50 this is a terrible distraction to me. But I'm showing you from a conceptual
943 01:21:50 --> 01:21:54 perspective, what in my mind, I'm concerning myself with and focusing on.
944 01:21:55 --> 01:22:02 It's that very level right there. Okay, and I apologize if you can hear my dog
945 01:22:02 --> 01:22:10 chewing up for chicken foot, but that's what they say in the real world is. You
946 01:22:10 --> 01:22:14 know, I'm a human being I got puppies. You know, I love them. They're part of
947 01:22:14 --> 01:22:20 my family. And if I'm not in their sight, they will freak out and cry. You
948 01:22:20 --> 01:22:27 barking the hype and go on and on. And life is very jealous of that by the way.
949 01:22:28 --> 01:22:32 I do everything for him and they love you most. That's because I'm ICT baby.
950 01:22:35 --> 01:22:45 Yeah, yeah. I only pretend to be full of myself when the internet Trust me, I
951 01:22:45 --> 01:22:48 don't feel that way about myself. In reality, I just deal with the rest of
952 01:22:48 --> 01:22:53 people that don't like me. And you know, you are Mr watching my video but don't
953 01:22:53 --> 01:22:53 like
954 01:23:01 --> 01:23:07 it. Alright, so I have to submit myself to the willingness of letting it go into
955 01:23:07 --> 01:23:10 this fair pay gap, which is what I didn't want to see it do, I don't want
956 01:23:10 --> 01:23:12 to see it come around saying I don't want to see it come back or we do that
957 01:23:12 --> 01:23:16 candle. So I have to submit myself to the idea that it may need to do that
958 01:23:16 --> 01:23:20 very thing here. It's completely permissible. It's better if it doesn't
959 01:23:20 --> 01:23:24 completely close it, the trades where it's here and then starts to rally up.
960 01:23:24 --> 01:23:28 Okay, that's fine. Remember, there's three PD res three things I'm looking
961 01:23:28 --> 01:23:35 at. That will cancel the trade, it will remove the I guess the the probabilities
962 01:23:35 --> 01:23:41 of it panning out my favor. So after three PD arrays that outline in my mind,
963 01:23:41 --> 01:23:44 and one of them was the constant encouragement of this wick here. It's
964 01:23:44 --> 01:23:50 this candles high. And now it's this order block level, if we trade back into
965 01:23:50 --> 01:23:54 that order block, I'm uncomfortable holding the trade and I'll probably I'll
966 01:23:54 --> 01:23:59 cancel the trade at that point, I won't even let it go down to this low sum of
967 01:23:59 --> 01:24:03 words, if it trades this order block and digs into that body right there, I will
968 01:24:03 --> 01:24:06 make the trade right there. And even if it rips back up here, I'm okay I care
969 01:24:06 --> 01:24:12 less. Now, that's something that most of you don't have a comfort level with.
970 01:24:12 --> 01:24:15 Because you need your trade to pan out or you feel like a failure. I don't feel
971 01:24:15 --> 01:24:19 that way. I don't feel that way at all. You know, I want to go home with a
972 01:24:19 --> 01:24:24 couple $1,000 today. In addition to what I've already took away, that's how my
973 01:24:24 --> 01:24:29 mindset works. So to sit in a trade and let it go all the way back down below
974 01:24:30 --> 01:24:35 this orderbox mean threshold, like I don't want to see it do that because the
975 01:24:35 --> 01:24:38 mean threshold is down close candle is also basically below of that fair value,
976 01:24:38 --> 01:24:44 get the shape and green, you see that. So there's a lot of things that to me,
977 01:24:44 --> 01:24:48 it doesn't need to go back down here for that. If it's going down there, it's
978 01:24:48 --> 01:24:53 going down here to go lower, lower to a degree where I'm uncomfortable holding
979 01:24:53 --> 01:25:01 the trade. So this is this thing that I got mentioned earlier. That's where
980 01:25:01 --> 01:25:07 we're at right now. In my mind, I see traders seeing that as oh, we're we got
981 01:25:07 --> 01:25:14 strong resistance at 4593 and a half and they're wanting to go short. So what
982 01:25:14 --> 01:25:19 does that do it engineers liquidity more by side if there wasn't already a
983 01:25:19 --> 01:25:23 significant amount here, which there is absolutely a significant amount up here.
984 01:25:23 --> 01:25:30 This level in this level is building by side liquidity. Because they see this
985 01:25:31 --> 01:25:41 when I say they, they are the retail traders. Hey, let's go. Okay. Enough of
986 01:25:41 --> 01:25:51 that. She's rowdy when we got her first, first time home with her. She was very
987 01:25:52 --> 01:25:58 timid. And Piper the other boxer puppy. She was rowdy, like I wanted to rename a
988 01:25:58 --> 01:26:04 rowdy. But scat was always bullied by her. And now Scout has flipped the
989 01:26:04 --> 01:26:09 script and now she's the rambunctious rowdy one in that's the one that's
990 01:26:09 --> 01:26:11 making all the noise Piper's been laying at my feet the whole time just being
991 01:26:11 --> 01:26:17 real she's she's a sweetheart I love them both but Scout I guess because she
992 01:26:17 --> 01:26:21 was bullied by Piper her first few months now she's like well I'm gonna be
993 01:26:21 --> 01:26:26 the dominant one and she does she dominates her in every aspect towards a
994 01:26:26 --> 01:26:30 smaller in stature in size but she's gotten bigger like she's filled out
995 01:26:30 --> 01:26:37 better and she's trying to exert her dominance so she's looking at a
996 01:26:37 --> 01:26:42 hyperlink next to me and she wants to be over here trying to usurp
997 01:26:47 --> 01:26:51 so this is what I was referring to earlier like on on nonpayroll Fridays
998 01:26:52 --> 01:26:56 the things that you want to see happen which it should very easily just came
999 01:26:56 --> 01:27:01 right out there and swipe that look how close they got look at the high it's the
1000 01:27:01 --> 01:27:06 93.50 level so what do I need to get out there? I need that spread so it's
1001 01:27:06 --> 01:27:12 denying that it denied it okay. This candle High was nine 350 This candle as
1002 01:27:12 --> 01:27:18 high as nine 350 And you wonder why I don't trade aggressively and more
1003 01:27:19 --> 01:27:23 frequently when the Non Farm Payroll Friday that comes around it's because of
1004 01:27:23 --> 01:27:26 these very characteristics they're highly manipulated
1005 01:28:03 --> 01:28:06 just want to take a quick look at the NASDAQ real quick
1006 01:28:11 --> 01:28:18 alright it's pulled into Is there a gap as well liquidity is resting here
1007 01:28:24 --> 01:28:30 I'm gonna roll the staff up to brass I was gonna do to earlier so I'm gonna
1008 01:28:30 --> 01:28:38 lock in this is rolled up to 3000 it goes there I want to be out anyway so I
1009 01:28:38 --> 01:28:47 now I've completely removed any concern should have decided not to go to my
1010 01:28:47 --> 01:28:55 limit orders I've funded myself a paid the tree and I removed even further
1011 01:28:57 --> 01:29:00 she's she wants out of her kennel
1012 01:29:31 --> 01:29:37 she got her way just like my wife. I'm gonna keep doing this. Oh, there we go.
1013 01:29:38 --> 01:29:44 There's a limit order and then see if we can punch up and get the other one and
1014 01:29:46 --> 01:29:51 randomness again. There we go. Beautiful beautiful field you better fill me I
1015 01:29:51 --> 01:29:59 thought so. So again, you know one of those instances where I guess this stuff
1016 01:29:59 --> 01:30:06 still works. So I guess the they haven't figured out how to beat ICT. As I've
1017 01:30:06 --> 01:30:09 enjoyed my time with you all this morning, hopefully, you got something
1018 01:30:09 --> 01:30:15 out of all this. If anything, if it's an inspiring to you to stick to what it is
1019 01:30:15 --> 01:30:18 I'm teaching you it works, folks, I promise you there's nothing else there's
1020 01:30:18 --> 01:30:22 absolutely nothing else out there that's better than this. This is the market.
1021 01:30:23 --> 01:30:27 This is the market. Look at the turning point here. I told you I can go down and
1022 01:30:27 --> 01:30:30 touch that it's better if it doesn't, but if it does, I would expect it to do
1023 01:30:30 --> 01:30:36 what? move higher. In the event that I'm incorrect, what am I doing? I'm making
1024 01:30:36 --> 01:30:43 sure I'm paid. I rolled the stop and then delivered like gangbusters back
1025 01:30:45 --> 01:30:52 every week, every day and it won't stop. Until talk to you next time. Be safe