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2 |1 |00:02:32 ~-~-> 00:02:39 |ICT: Alright folks. It's been a it's been a minute since have used OBS or had
3 |2 |00:02:39 ~-~-> 00:02:43 |an old intro splash welcome screen that this flashed across the air. So
4 |3 |00:02:44 ~-~-> 00:02:53 |something about losing my voice or whatnot. But the the delay was due to my
5 |4 |00:02:53 ~-~-> 00:02:57 |wife giving me the wrong time I had to take my youngest son to a dentist's
6 |5 |00:02:57 ~-~-> 00:03:04 |appointment, I thought I had time to do it right before I had to leave my, my
7 |6 |00:03:04 ~-~-> 00:03:08 |understanding was that he had a dentist's appointment at 11. And she
8 |7 |00:03:08 ~-~-> 00:03:14 |told me your last minute right after I invited you all to a live stream. She
9 |8 |00:03:14 ~-~-> 00:03:20 |said, Oh, you got to be there at 10 o'clock. I was like, Oh, that's nice. So
10 |9 |00:03:20 ~-~-> 00:03:23 |I can't complain and say, but I just scheduled a live stream because I'm
11 |10 |00:03:23 ~-~-> 00:03:30 |supposed to be on break, right. Anyway. All right. So I'm showing my entire
12 |11 |00:03:30 ~-~-> 00:03:35 |screen here. Okay, for the purposes of understanding what it is that I do when
13 |12 |00:03:35 ~-~-> 00:03:42 |I teach I also show you some things about this morning's price action. I was
14 |13 |00:03:42 ~-~-> 00:03:47 |watching it from my phone while my son was in the dentist office and I was
15 |14 |00:03:47 ~-~-> 00:03:52 |watching to see if we could get that 16,000 to 8.50 that was the initial
16 |15 |00:03:52 ~-~-> 00:03:59 |draw. I mentioned that this morning on my YouTube comm community post. So you
17 |16 |00:03:59 ~-~-> 00:04:06 |can you can see that there. I just realized I don't know if you can hear me
18 |17 |00:04:09 ~-~-> 00:04:10 |Yeah, I don't I don't know.
19 |18 |00:04:15 ~-~-> 00:04:16 |Let me see.
20 |19 |00:04:21 ~-~-> 00:04:29 |Bear with me one second. This is like a casual live stream so it's not going to
21 |20 |00:04:29 ~-~-> 00:04:33 |be all that formal. So if I do thinks is going to be annoying to you, you know,
22 |21 |00:04:33 ~-~-> 00:04:38 |go watch somebody else. I'm not charging you to be here. Give me a second here.
23 |22 |00:05:48 ~-~-> 00:05:52 |Alright, so I'm gonna see how long of a delay this is. I'm listening to it on my
24 |23 |00:05:52 ~-~-> 00:05:52 |phone. So
25 |24 |00:06:05 ~-~-> 00:06:08 |hear some sounds. And that's, that's good
26 |25 |00:06:16 ~-~-> 00:06:22 |see how long of a delay, so that's about 20 seconds delay. So it don't matter,
27 |26 |00:06:22 ~-~-> 00:06:25 |because we're not doing anything here on the fly, where you have to be falling
28 |27 |00:06:25 ~-~-> 00:06:32 |along. Second by second anyway. But let me welcome you back. Hope you're doing
29 |28 |00:06:32 ~-~-> 00:06:38 |well. It is a good morning, Cynthia little. I don't know what you would call
30 |29 |00:06:38 ~-~-> 00:06:46 |that little short. Video shown my house this morning. We woke up. And let me
31 |30 |00:06:46 ~-~-> 00:06:52 |rephrase that ICT broke up. And Doctor puppies out back. And when I open up the
32 |31 |00:06:52 ~-~-> 00:06:56 |door, I saw the snow on the ground like what just happened? I was not. I was not
33 |32 |00:06:56 ~-~-> 00:07:02 |expecting that. Pleasantly surprised. So figured I'd share that with everyone.
34 |33 |00:07:03 ~-~-> 00:07:08 |They all like to see those personal things from my personal life, I'm going
35 |34 |00:07:08 ~-~-> 00:07:14 |to not be showing you everything that most of you asked to see. But every now
36 |35 |00:07:14 ~-~-> 00:07:19 |and then one is something nice like that. I think it's, you know, that I
37 |36 |00:07:19 ~-~-> 00:07:27 |thought was pretty good. Anyway, this morning, I was looking at the index
38 |37 |00:07:27 ~-~-> 00:07:34 |futures market. And let me get this stuff off here. Okay, as I mentioned,
39 |38 |00:07:34 ~-~-> 00:07:38 |for the folks that just joined us, I'm showing the entire screen. So that way
40 |39 |00:07:38 ~-~-> 00:07:42 |you can see Yes, look right down here, folks, you see that right there? That
41 |40 |00:07:42 ~-~-> 00:07:46 |says paper trading, okay, for the folks that constantly keep posting in my
42 |41 |00:07:46 ~-~-> 00:07:52 |community on that mind Makini. But the comment section, every video is open for
43 |42 |00:07:52 ~-~-> 00:07:56 |you to leave a comment. Okay, and the reason why I have it like that is it's
44 |43 |00:07:56 ~-~-> 00:08:01 |for me to read it. You're welcome to post whatever you want to post it and
45 |44 |00:08:01 ~-~-> 00:08:06 |that's fine. But I can see your questions. And some of those things are
46 |45 |00:08:06 ~-~-> 00:08:12 |very helpful to me. So and a lot of my my mentorship students, they will post
47 |46 |00:08:12 ~-~-> 00:08:17 |questions in there as well. So I use that as a means of coming back into
48 |47 |00:08:17 ~-~-> 00:08:21 |another lecture. Or I'll I'll touch on something that maybe, you know, a
49 |48 |00:08:21 ~-~-> 00:08:29 |student needed more insight on, or maybe a topic, but most mostly it is like a
50 |49 |00:08:29 ~-~-> 00:08:34 |sugar fest. And there's like, you know, I love you, ICT. Thank you so much. And
51 |50 |00:08:34 ~-~-> 00:08:39 |I appreciate all that, but it just seems like they look they look artificial if I
52 |51 |00:08:39 ~-~-> 00:08:42 |let them post and so that was the reason why I kept it hidden all the time
53 |52 |00:08:42 ~-~-> 00:08:47 |before. So yes, I see all your posts, okay, you can start putting the test
54 |53 |00:08:47 ~-~-> 00:08:53 |comment. Or the fellows that are Oh, yeah, paper trading laugh out loud. So
55 |54 |00:08:53 ~-~-> 00:08:57 |let me do this, again, for the people that are slow in understanding or brand
56 |55 |00:08:57 ~-~-> 00:09:03 |new. I am in the United States. And I am not a registered trade advisor that to
57 |56 |00:09:03 ~-~-> 00:09:09 |me, that means I'm not a CTA. I'm not a financial advisor. So when I talk about
58 |57 |00:09:09 ~-~-> 00:09:15 |price action, and I openly share it in the context as a paper trade or a demo.
59 |58 |00:09:16 ~-~-> 00:09:20 |That gives me protection. Okay, it doesn't, you can't use this as
60 |59 |00:09:20 ~-~-> 00:09:26 |investment advice, because any execution I'm showing while I'm teaching, okay,
61 |60 |00:09:26 ~-~-> 00:09:29 |yes, you can look on this YouTube channel and you can see live trade
62 |61 |00:09:30 ~-~-> 00:09:34 |executions. They were cleared through amp, global futures, that was the
63 |62 |00:09:34 ~-~-> 00:09:38 |brokerage firm, I'm not representing them. I'm not asking you to join them.
64 |63 |00:09:38 ~-~-> 00:09:42 |I'm not saying they're the best broker. I had problems with them. They fixed
65 |64 |00:09:42 ~-~-> 00:09:46 |that problem, but every broker out there has their own little quirky things, and
66 |65 |00:09:46 ~-~-> 00:09:50 |some of them are worse than others. Okay. So I'm not going to tell you to
67 |66 |00:09:50 ~-~-> 00:09:53 |put money in but for the folks that say that there's no executions with a live
68 |67 |00:09:53 ~-~-> 00:09:57 |account. That is a lie. You can see that on the YouTube channel. Okay, but when
69 |68 |00:09:57 ~-~-> 00:10:01 |I'm teaching, when I'm talking Thinking about something when I'm pointing out
70 |69 |00:10:01 ~-~-> 00:10:08 |something in advance, I'm always doing that in the medium of a paper trading
71 |70 |00:10:08 ~-~-> 00:10:11 |account. The reason why I do that, for the folks that don't understand this,
72 |71 |00:10:11 ~-~-> 00:10:19 |okay? There is a thing called pumping and dumping. I can never be accused of
73 |72 |00:10:19 ~-~-> 00:10:24 |anything like that. Because if I talk about something in advance, I'm only
74 |73 |00:10:24 ~-~-> 00:10:28 |showing you those examples with a demo account, because I'm not trying to get
75 |74 |00:10:28 ~-~-> 00:10:35 |the audience size that I have behind a price move. And then me exit early. And
76 |75 |00:10:35 ~-~-> 00:10:38 |then I get to make money and everybody else doesn't. And there's been people
77 |76 |00:10:38 ~-~-> 00:10:42 |caught doing things like that, which is unfortunate, okay, but I don't do those
78 |77 |00:10:42 ~-~-> 00:10:46 |types of things. And because I'm not licensed to get traded advice, when
79 |78 |00:10:46 ~-~-> 00:10:49 |we're talking about price action, and I'm teaching through the medium of a
80 |79 |00:10:49 ~-~-> 00:10:52 |paper trading account, okay, just like when I was teaching Forex,
81 |80 |00:10:52 ~-~-> 00:10:57 |predominantly, I was using a demo account, that that protects me in the
82 |81 |00:10:57 ~-~-> 00:11:04 |United States, because I'm not operating as a analyst slash trade advisor or
83 |82 |00:11:04 ~-~-> 00:11:07 |financial guru that you're doing everything I tell you to do with your
84 |83 |00:11:07 ~-~-> 00:11:13 |money. I don't do that. Okay. So what we do is we study price action, I point out
85 |84 |00:11:13 ~-~-> 00:11:18 |the specific things, but I'm doing in the context of live market price, it's
86 |85 |00:11:18 ~-~-> 00:11:23 |not the lead, okay. And I'm going to show you the difference between Market
87 |86 |00:11:23 ~-~-> 00:11:29 |Replay I meant to do this the other day, when I was doing the example I forgot
88 |87 |00:11:29 ~-~-> 00:11:33 |what I was talking about. But I was going to show you the difference between
89 |88 |00:11:33 ~-~-> 00:11:37 |Market Replay and a live execution. And how you can see the difference when I'm
90 |89 |00:11:37 ~-~-> 00:11:41 |showing examples. For the fellows from India, that keeps saying that this is
91 |90 |00:11:41 ~-~-> 00:11:46 |Market Replay. When you do Market Replay, this little button up here, this
92 |91 |00:11:46 ~-~-> 00:11:54 |little thing, it says market open, that changes to see that I've activated
93 |92 |00:11:54 ~-~-> 00:11:58 |Market Replay, this doesn't show market open, it's not a green little button
94 |93 |00:11:58 ~-~-> 00:12:02 |anymore, okay. And also, you have to do all of your buying and selling down
95 |94 |00:12:02 ~-~-> 00:12:07 |here. So for the sake of saying, we're going to look at this example here, I
96 |95 |00:12:07 ~-~-> 00:12:11 |promise you there's we're going to look at some things that are more pertinent
97 |96 |00:12:11 ~-~-> 00:12:17 |and more useful. But it's important that some of you see this because these
98 |97 |00:12:17 ~-~-> 00:12:20 |things keep repeating in the comment section. And it's because of ignorance,
99 |98 |00:12:20 ~-~-> 00:12:24 |not because you're stupid. It just means that you just simply don't, you just
100 |99 |00:12:24 ~-~-> 00:12:29 |don't know. Okay, and I'm going to show you the difference. So whenever you
101 |100 |00:12:29 ~-~-> 00:12:33 |highlight a chart, wherever you, you see a point of reference, where you want to
102 |101 |00:12:33 ~-~-> 00:12:39 |have something you want to study, I really never use Market Replay. This is
103 |102 |00:12:39 ~-~-> 00:12:44 |probably the only second time doing it. To show you the Compare and contrast of
104 |103 |00:12:44 ~-~-> 00:12:49 |what it is I actually do versus what is actually occurring. Now, right away. If
105 |104 |00:12:49 ~-~-> 00:12:53 |you look at what I've done here, I've put the market replay on and you can see
106 |105 |00:12:53 ~-~-> 00:12:57 |the little player button down here. If you click play, all the candles start
107 |106 |00:12:57 ~-~-> 00:13:02 |moving. And they do not have a countdown, the close function, or a
108 |107 |00:13:02 ~-~-> 00:13:08 |little window that pops over here in the right hand side of the price axis. That
109 |108 |00:13:08 ~-~-> 00:13:13 |countdown to close, that's occurring when I'm using live data. In all of my
110 |109 |00:13:13 ~-~-> 00:13:17 |examples. It's always live data. And notice what's occurring also here. You
111 |110 |00:13:17 ~-~-> 00:13:23 |see what time that is. And look at the time down here. It's 1030, we're way
112 |111 |00:13:23 ~-~-> 00:13:28 |past that the time down here in the lower right hand corner is 1145. I'm
113 |112 |00:13:28 ~-~-> 00:13:36 |always using New York local time. So whether you're in Uganda, or Greenland,
114 |113 |00:13:36 ~-~-> 00:13:42 |or California, USA, wherever you're at, if you're trying to follow my concepts
115 |114 |00:13:42 ~-~-> 00:13:48 |or the things that I've taught, you're trading view timeframe, or the the time
116 |115 |00:13:48 ~-~-> 00:13:54 |zone for your data must be in New York time. If you do that everything matches
117 |116 |00:13:54 ~-~-> 00:13:57 |with my lessons, the folks that want to use their local time that messes up
118 |117 |00:13:57 ~-~-> 00:14:05 |everything. Okay? So when we look at things like this, and all of this price
119 |118 |00:14:05 ~-~-> 00:14:08 |run here, I'm going to cover all that too, by the way. So in case you're
120 |119 |00:14:08 ~-~-> 00:14:11 |looking at this thinking I'm not here to try to learn Market Replay. This is just
121 |120 |00:14:11 ~-~-> 00:14:14 |to teach the folks that are ignorant, they have no idea what you're talking
122 |121 |00:14:14 ~-~-> 00:14:20 |about. If I'm going to do a market replay trade, okay, and I'm going to
123 |122 |00:14:20 ~-~-> 00:14:23 |only be able to do that if I use these two buttons down here. When you watch my
124 |123 |00:14:23 ~-~-> 00:14:29 |examples. This is not blue, it is not showing you Market Replay paused it
125 |124 |00:14:29 ~-~-> 00:14:38 |showing you market open this over here. I'm sorry, the forgot I forgot what I
126 |125 |00:14:38 ~-~-> 00:14:44 |was gonna say here. Oh, the buttons for buying and selling. They're not there
127 |126 |00:14:44 ~-~-> 00:14:50 |now. When I'm executing my examples from taking partials, that is the reason why
128 |127 |00:14:50 ~-~-> 00:14:54 |I use that clunky little hot button up there. Okay. It's not that I don't know
129 |128 |00:14:54 ~-~-> 00:14:57 |how to use limit orders because clearly I've shown examples of that as well both
130 |129 |00:14:57 ~-~-> 00:15:04 |in a demo account a Patreon account and a live amp account with real money in
131 |130 |00:15:04 ~-~-> 00:15:08 |for the folks that say that when I'm showing an amp account, they're saying
132 |131 |00:15:08 ~-~-> 00:15:11 |that that's an amp demo account, hook up a demo account from amp and you're never
133 |132 |00:15:11 ~-~-> 00:15:15 |gonna see amp live show up down here. It never happens, folks. Okay, so you
134 |133 |00:15:15 ~-~-> 00:15:19 |really need to do some homework and stop listening to Damascus on the internet
135 |134 |00:15:19 ~-~-> 00:15:22 |because that's what you're listening to. And you're lazy and you don't want to
136 |135 |00:15:22 ~-~-> 00:15:26 |just see for yourself what it looks like if that's really what I'm trying to do.
137 |136 |00:15:26 ~-~-> 00:15:30 |So there's a discrepancy if I'm using Mark replay between these two times,
138 |137 |00:15:30 ~-~-> 00:15:36 |they won't ever match. Notice that and this is always the green market open
139 |138 |00:15:36 ~-~-> 00:15:43 |showing you that is not using Market Replay. Okay. There's also another
140 |139 |00:15:43 ~-~-> 00:15:48 |distinguishing characteristic that when you see the executions and the mean
141 |140 |00:15:48 ~-~-> 00:15:49 |changes to
142 |141 |00:15:55 ~-~-> 00:16:00 |Okay, and say we're, we're watching price, okay? Notice how the candlestick
143 |142 |00:16:00 ~-~-> 00:16:04 |doesn't show any fluctuations at all. It's just it appears and that's it,
144 |143 |00:16:04 ~-~-> 00:16:10 |there's no up and down within the same candlestick. So when it does that, it's
145 |144 |00:16:10 ~-~-> 00:16:16 |it's like wooden and stilted. It doesn't give you the the dynamic fluctuations
146 |145 |00:16:16 ~-~-> 00:16:20 |that live price action will show within a one minute candlestick. So because
147 |146 |00:16:20 ~-~-> 00:16:26 |that is not having a countdown, little timer here saying how many seconds it is
148 |147 |00:16:26 ~-~-> 00:16:30 |till the candle closes, and a new candle starts. That tells you right away that
149 |148 |00:16:30 ~-~-> 00:16:34 |this is not Market Replay when I'm showing you that to the time always
150 |149 |00:16:34 ~-~-> 00:16:37 |matches in the lower right hand corner. That's the reason why when you see my
151 |150 |00:16:37 ~-~-> 00:16:42 |examples, even though they're sped up many times, I'm clicking on the time
152 |151 |00:16:42 ~-~-> 00:16:46 |window. So you can see I'm literally clicking on New York time. And you can
153 |152 |00:16:46 ~-~-> 00:16:50 |see that the times match and then I'll hover over top of a candlestick. And the
154 |153 |00:16:50 ~-~-> 00:16:55 |candlesticks will always match. And for the folks that try to say that this is
155 |154 |00:16:56 ~-~-> 00:17:00 |me rigging TradingView I've openly told TradingView who follows me on social
156 |155 |00:17:00 ~-~-> 00:17:04 |media to come out and tell everybody that what I'm doing is fake if it's not
157 |156 |00:17:04 ~-~-> 00:17:08 |being truthful and done. It's simple, folks. It's very simple. I don't need to
158 |157 |00:17:08 ~-~-> 00:17:12 |pretend. Okay, it's very important that you understand that. So notice that the
159 |158 |00:17:12 ~-~-> 00:17:17 |market replay ended and that turns right back into what the little button that
160 |159 |00:17:17 ~-~-> 00:17:25 |says market open. Okay, so the difference between, say the idea of
161 |160 |00:17:26 ~-~-> 00:17:30 |using the information that this showed here and showing the difference between
162 |161 |00:17:30 ~-~-> 00:17:37 |what a market live execution looks like, okay, with real time data not delayed
163 |162 |00:17:37 ~-~-> 00:17:42 |not using Market Replay, versus that of a market replay execution. And we're
164 |163 |00:17:42 ~-~-> 00:17:47 |going to do that again real quick. I've highlighted market replay that little
165 |164 |00:17:47 ~-~-> 00:17:52 |open button turns fitting green, it ain't showing you anything. There's no D
166 |165 |00:17:52 ~-~-> 00:17:55 |up in here showing it's delayed data. So if I'm going to look at this little
167 |166 |00:17:55 ~-~-> 00:18:03 |segment of price action right in here. There's the segment of price action.
168 |167 |00:18:04 ~-~-> 00:18:10 |We're gonna click play. And we're going to do a mock up of taking a trade
169 |168 |00:18:17 ~-~-> 00:18:24 |Okay, look how big and clunky that arrow is. You see that? Right there? If I
170 |169 |00:18:24 ~-~-> 00:18:30 |pause there, and I lay my mouse over top of it, does it give you the little tab
171 |170 |00:18:30 ~-~-> 00:18:33 |that shows you the actual price that overlays the candlestick itself? It
172 |171 |00:18:33 ~-~-> 00:18:37 |doesn't do that. See how big in weird looking at looks? See that right there?
173 |172 |00:18:38 ~-~-> 00:18:42 |None of my executions have arrows that look like that. None of them they have
174 |173 |00:18:42 ~-~-> 00:18:47 |never looked like that is never happened ever. Okay. So continuing on.
175 |174 |00:18:52 ~-~-> 00:18:58 |Okay, and again, everything here looks stilted, wouldn't it looks artificial?
176 |175 |00:18:58 ~-~-> 00:19:03 |My executions are always done with live execution with live data. Okay? It's
177 |176 |00:19:03 ~-~-> 00:19:07 |very important. It matters not if it's demo or paper trading it because if I
178 |177 |00:19:07 ~-~-> 00:19:10 |don't know what I'm teaching, if I don't know what the market is going to do,
179 |178 |00:19:10 ~-~-> 00:19:12 |it's not going to work in that demo account here. Okay, because it's real
180 |179 |00:19:12 ~-~-> 00:19:17 |time data. It's real, real important that you know that okay, so I'll let
181 |180 |00:19:17 ~-~-> 00:19:22 |this finish out. Watch this up here up here. Okay, it's going to change all by
182 |181 |00:19:22 ~-~-> 00:19:30 |itself in the market replay. finishes. Its painting out get a quick sip of my
183 |182 |00:19:30 ~-~-> 00:19:31 |water while it's doing this.
184 |183 |00:19:49 ~-~-> 00:19:53 |And there you go. Now see what happens there. Does that ever pop up on my
185 |184 |00:19:53 ~-~-> 00:19:59 |screen when I have a winning trade? No. It looks cool as neat I guess. But you
186 |185 |00:19:59 ~-~-> 00:20:04 |know Uh, none of my examples are done like that. Okay, that never happened. It
187 |186 |00:20:04 ~-~-> 00:20:12 |never, never, never, never never happens. Okay? So for the difference or
188 |187 |00:20:12 ~-~-> 00:20:19 |contrast, if you look at now, the executions done that are done with live
189 |188 |00:20:19 ~-~-> 00:20:23 |data, okay? Because small and tight, every single one of these little candles
190 |189 |00:20:23 ~-~-> 00:20:27 |are not candlesticks, but these little arrows are okay. See that? Even if I
191 |190 |00:20:27 ~-~-> 00:20:37 |zoom in? Much did they become big and bulky and clunky looking? Nope. Those
192 |191 |00:20:37 ~-~-> 00:20:41 |arrows are always alive execution. Okay, that's, that's, that's the way it looks.
193 |192 |00:20:41 ~-~-> 00:20:49 |Okay. I'm glad that they kept that distinction between a market replay
194 |193 |00:20:49 ~-~-> 00:20:55 |execution because if you really wanted to fake and you wanted to be a fraud,
195 |194 |00:20:55 ~-~-> 00:21:00 |you would be taking screenshots of these little arrows if they matched or Market
196 |195 |00:21:00 ~-~-> 00:21:05 |Replay. And you would crop out all this up here. But I don't ever let that
197 |196 |00:21:05 ~-~-> 00:21:08 |happen. I'm always showing you everything so that way you can see and
198 |197 |00:21:08 ~-~-> 00:21:12 |cancel out anything that would have been done. Notice how these boxes are all
199 |198 |00:21:12 ~-~-> 00:21:16 |back up here again, because we're looking at what real time data, you
200 |199 |00:21:16 ~-~-> 00:21:20 |can't market replay the buy and sell buttons up here. They force you to use
201 |200 |00:21:20 ~-~-> 00:21:25 |them down here. See him? See that? So now you know. Okay, now that you know
202 |201 |00:21:25 ~-~-> 00:21:30 |that you can shut the fuck up in my comment section. Okay, because it's
203 |202 |00:21:30 ~-~-> 00:21:38 |stupid. Now, let's go over here and talk about what we're here for today. Right
204 |203 |00:21:38 ~-~-> 00:21:47 |Market Replay is turned off, and we have this business. Okay. Alright, so right
205 |204 |00:21:47 ~-~-> 00:21:50 |away, some of you are probably thinking, Well, you know, I'm watching top step.
206 |205 |00:21:50 ~-~-> 00:21:54 |And I was listening to tops that while I was in the dentist office and driving
207 |206 |00:21:54 ~-~-> 00:21:58 |back home to I like listening to those guys, because they were actually on the
208 |207 |00:21:58 ~-~-> 00:22:03 |floor. And whether I subscribe to their views or not, and how they treat, you
209 |208 |00:22:03 ~-~-> 00:22:07 |know, is irrelevant. Obviously, with all due respect, I don't. But I like
210 |209 |00:22:07 ~-~-> 00:22:11 |listening to them. I like listening to their stories. I like listening to
211 |210 |00:22:11 ~-~-> 00:22:17 |their, their banter with each other. So it just it feels good as a background
212 |211 |00:22:17 ~-~-> 00:22:22 |sound. So I've been using them a lot as something to listen to while I'm either
213 |212 |00:22:22 ~-~-> 00:22:25 |needing to hear something because I'm in a place where I need to be zoning out
214 |213 |00:22:25 ~-~-> 00:22:29 |like a dentist's office is never pleasant to be in. I didn't need to go
215 |214 |00:22:29 ~-~-> 00:22:34 |there for my son. But I like looking at the chat window too, because the chat
216 |215 |00:22:34 ~-~-> 00:22:38 |window much like I've mentioned before, it's a great sentiment indicator. It's
217 |216 |00:22:38 ~-~-> 00:22:43 |wonderful. When I see folks getting real emotional or concerned or fearful about
218 |217 |00:22:43 ~-~-> 00:22:49 |something in the market, that to me, if I couple that with something I see in my
219 |218 |00:22:49 ~-~-> 00:22:54 |own price action study. What I'm actually doing here is I'm getting a
220 |219 |00:22:54 ~-~-> 00:22:59 |measurement of my experience, versus someone that I know is predominantly
221 |220 |00:22:59 ~-~-> 00:23:04 |inexperienced or a novice, okay. And there's nothing wrong with that. I'm not
222 |221 |00:23:04 ~-~-> 00:23:08 |trying to look down my nose at them and say, you know, you're you're pissy and
223 |222 |00:23:08 ~-~-> 00:23:11 |you don't know anything, and you'll never become anything just means that if
224 |223 |00:23:11 ~-~-> 00:23:16 |that resource is made available to us, I'm not I'm not going to turn my head
225 |224 |00:23:16 ~-~-> 00:23:19 |away from it and say, I'm going to ignore that I'm gonna go there, right,
226 |225 |00:23:19 ~-~-> 00:23:22 |where I can see the real sentiment of someone that doesn't really know how to
227 |226 |00:23:22 ~-~-> 00:23:26 |trade. And if they're openly sharing, and I'm glad, I'm glad that they're
228 |227 |00:23:26 ~-~-> 00:23:30 |sharing it. And I would never ridicule any one individual or any one particular
229 |228 |00:23:30 ~-~-> 00:23:34 |channel, but I get asked a lot, What channels do I listen to? Or what
230 |229 |00:23:34 ~-~-> 00:23:38 |channels are YouTubers that I watch? And I love the fact that they have their
231 |230 |00:23:38 ~-~-> 00:23:43 |chat window open because it is the perfect market sentiment. There was a
232 |231 |00:23:43 ~-~-> 00:23:49 |back in the 80s and whatnot. Maybe even before that, there was a service called
233 |232 |00:23:49 ~-~-> 00:23:56 |Market theme where they would call up 100 Different traders and Oberg
234 |233 |00:23:56 ~-~-> 00:23:59 |insurance. I hate looking at you bullish or bearish on this market. And based on
235 |234 |00:23:59 ~-~-> 00:24:03 |that sentiment or the cumulative total of how much bullishness or bearishness
236 |235 |00:24:03 ~-~-> 00:24:07 |they would have on that market, they would share that percentage and if
237 |236 |00:24:07 ~-~-> 00:24:12 |you've gotten real real high like 75 to 90% or higher when bullishness, usually
238 |237 |00:24:12 ~-~-> 00:24:17 |your near some kind of important high, and vice versa, if it was a market, they
239 |238 |00:24:17 ~-~-> 00:24:23 |were exceedingly bearish on like lower 25 or 30%. Then obviously, you're
240 |239 |00:24:23 ~-~-> 00:24:27 |probably near some important low. Well, I use that because day trading is a real
241 |240 |00:24:27 ~-~-> 00:24:32 |popular thing today. And when if I'm watching price action live, and I'm
242 |241 |00:24:32 ~-~-> 00:24:35 |looking for a setup and I'm usually watching a one minute chart, maybe
243 |242 |00:24:35 ~-~-> 00:24:41 |sometimes under a one minute chart like 15 second five second 32nd chart. I'll
244 |243 |00:24:41 ~-~-> 00:24:45 |use those timeframes. If I really want to, if I miss the ideal entry, I'll drop
245 |244 |00:24:45 ~-~-> 00:24:48 |down below one minute chart, okay, or if I'm really trying to smash somebody's
246 |245 |00:24:48 ~-~-> 00:24:52 |opinion about me, I'll go down to a second chart and run it up real fast.
247 |246 |00:24:53 ~-~-> 00:24:59 |Well, today, one of my sons want to talk to the dentist's office he was asking me
248 |247 |00:25:00 ~-~-> 00:25:04 |How do I get in when the markets going sideways? And how do you know what side
249 |248 |00:25:04 ~-~-> 00:25:08 |the marketplace is going to run to? Like? In other words, if you have a
250 |249 |00:25:08 ~-~-> 00:25:13 |consolidation, which is what we're seeing right here, okay, all of this
251 |250 |00:25:13 ~-~-> 00:25:19 |right here is a consolidation. And the question my son was asking is, you know,
252 |251 |00:25:20 ~-~-> 00:25:25 |when it's going sideways like this, how do you know what side it's going to run
253 |252 |00:25:25 ~-~-> 00:25:31 |for? Because you can you can make an argument basically, that there's
254 |253 |00:25:31 ~-~-> 00:25:35 |buyside, above this high or relative equal highs, or here sellside below
255 |254 |00:25:35 ~-~-> 00:25:40 |these relative equal lows or singular, well, how do you know which one to work
256 |255 |00:25:40 ~-~-> 00:25:44 |with? And that's why I teach folks who have not tried to trade during
257 |256 |00:25:44 ~-~-> 00:25:48 |consolidations, you want to see the market share displacement. Okay, but
258 |257 |00:25:48 ~-~-> 00:25:52 |because it's my son, I don't usually try to teach these types of teachings
259 |258 |00:25:52 ~-~-> 00:25:58 |because it's, I keep it for my kids. But in spirit of giving you in the snow this
260 |259 |00:25:58 ~-~-> 00:26:02 |morning, really supercharged mine, Christmas spirit, if you will. And now I
261 |260 |00:26:02 ~-~-> 00:26:05 |don't decorate outside. I think it's, I think it's too gaudy looking. I think
262 |261 |00:26:07 ~-~-> 00:26:11 |it's beautiful in other people's homes. But I don't want to Oman, okay, so I'm
263 |262 |00:26:11 ~-~-> 00:26:16 |not a Grinch to it, or a scrooge to the idea that I just simply I'm not climbing
264 |263 |00:26:16 ~-~-> 00:26:19 |out there on my house. And I'm not hiring a service to go out there and
265 |264 |00:26:19 ~-~-> 00:26:23 |hang stuff on my house. I'm not going to having it. So why don't have decorations
266 |265 |00:26:23 ~-~-> 00:26:28 |and stuff out there. But the question, again, is, when it's in consolidation,
267 |266 |00:26:28 ~-~-> 00:26:33 |how do you know which one is going to run for? Well, that goes back to the
268 |267 |00:26:33 ~-~-> 00:26:37 |higher timeframe premise, when we're looking to get all this business off
269 |268 |00:26:37 ~-~-> 00:26:48 |your fair second. We'll come back to all that. And we'll take this off. And if
270 |269 |00:26:48 ~-~-> 00:26:53 |we're looking at how the market was ranging, okay, from Monday, this
271 |270 |00:26:53 ~-~-> 00:26:59 |morning, around prior to seven o'clock in the morning, all through here, okay?
272 |271 |00:27:00 ~-~-> 00:27:05 |If we're watching price like this, it's advantageous for us, for traders,
273 |272 |00:27:05 ~-~-> 00:27:09 |because we need we need movement. Okay, first and foremost, we have to have
274 |273 |00:27:09 ~-~-> 00:27:16 |movement, that movement is going to be instigated around time of day. Okay. So
275 |274 |00:27:17 ~-~-> 00:27:22 |time is a very crucial part to my analysis concept. And it's what drives
276 |275 |00:27:22 ~-~-> 00:27:28 |the algorithm. Okay, it's not price, it is not price, it's time, there is a time
277 |276 |00:27:28 ~-~-> 00:27:31 |for everything that occurs in price action, there's macros and small little
278 |277 |00:27:32 ~-~-> 00:27:38 |short scripts where the price engines will create these little punchy, short
279 |278 |00:27:38 ~-~-> 00:27:43 |term little fluctuations, that you may be surprised by when it happens. But I'm
280 |279 |00:27:43 ~-~-> 00:27:47 |not my students are not we're looking for another specific times of the day,
281 |280 |00:27:47 ~-~-> 00:27:52 |specific segments of the morning session, the lunch hour, when the lunch
282 |281 |00:27:52 ~-~-> 00:27:57 |hour ends, the pm session, and right before the close of the day. Okay, so
283 |282 |00:27:58 ~-~-> 00:28:01 |there are specific times where the algorithm will literally do this, to
284 |283 |00:28:02 ~-~-> 00:28:09 |create fear, greed, greed, many times is the fact that is the engineered chemical
285 |284 |00:28:09 ~-~-> 00:28:13 |response. As a human, we're watching this, in watching these candlesticks, or
286 |285 |00:28:13 ~-~-> 00:28:16 |whatever you're watching on your charts, they cause you to feel like you're going
287 |286 |00:28:16 ~-~-> 00:28:20 |to miss a move. Oh, I missed that better entry route. And you were looking at
288 |287 |00:28:20 ~-~-> 00:28:22 |thinking I'd like to buy that. I think it's gonna go off and on, but you don't
289 |288 |00:28:22 ~-~-> 00:28:26 |really execute on it. You've been there 1000 times, trust me, I know, I did the
290 |289 |00:28:26 ~-~-> 00:28:29 |same stuff when I first started. But when you know what you're looking for,
291 |290 |00:28:30 ~-~-> 00:28:33 |there's going to be some times where you still miss that move for that better
292 |291 |00:28:33 ~-~-> 00:28:33 |entry.
293 |292 |00:28:35 ~-~-> 00:28:42 |These little times of the day, will really, I guess, exaggerate that desire
294 |293 |00:28:42 ~-~-> 00:28:46 |to get into it? Because you think oh, no, especially on a day where maybe
295 |294 |00:28:46 ~-~-> 00:28:48 |you've had drawdown or you didn't do any trades in the first part of the day.
296 |295 |00:28:49 ~-~-> 00:28:53 |You're feeling like, well, I need to do something. I'm missing out on something.
297 |296 |00:28:53 ~-~-> 00:28:59 |Okay. So fear, greed, or FOMO. Not wanting to miss out on any potential
298 |297 |00:28:59 ~-~-> 00:29:02 |movement, even if the movement is so minut you normally wouldn't trade it,
299 |298 |00:29:02 ~-~-> 00:29:05 |but you feel like you have to do it, because that's what traders do, right?
300 |299 |00:29:06 ~-~-> 00:29:09 |Well, you shouldn't have that mindset. But there's certain times of day where
301 |300 |00:29:09 ~-~-> 00:29:14 |these little things occur. And they're scheduled. They're literally scheduled
302 |301 |00:29:14 ~-~-> 00:29:17 |just like an economic calendar has a scheduled event, every single month,
303 |302 |00:29:17 ~-~-> 00:29:20 |there's certainly events that come out, you know, what time they usually come
304 |303 |00:29:20 ~-~-> 00:29:26 |out. FOMC is what always two o'clock and 230 is the conference. You know, at time
305 |304 |00:29:26 ~-~-> 00:29:29 |that Non Farm Payroll Friday is going to release, it's 830 in the morning, New
306 |305 |00:29:29 ~-~-> 00:29:34 |York local time. You know, these times they're not changing them, okay? Because
307 |306 |00:29:34 ~-~-> 00:29:37 |they don't change them. That means the algorithm isn't going to change either.
308 |307 |00:29:38 ~-~-> 00:29:40 |Now, if they had an economic calendar, here's how you know when they're going
309 |308 |00:29:40 ~-~-> 00:29:43 |to change the algorithms for the all the folks that are asking this in the
310 |309 |00:29:43 ~-~-> 00:29:46 |comment section. Aren't you afraid that you're teaching so many people and
311 |310 |00:29:46 ~-~-> 00:29:49 |they're making lots of money now that they're going to change the algorithm,
312 |311 |00:29:49 ~-~-> 00:29:53 |they're not going to change the fucking algorithm because the markets are going
313 |312 |00:29:53 ~-~-> 00:29:56 |to book the way they're, they've always booked. They're going to run from
314 |313 |00:29:56 ~-~-> 00:30:00 |liquidity. They're going to fill in and reprice to inefficiencies and And
315 |314 |00:30:00 ~-~-> 00:30:05 |they're going to respond by sentiment, either by engineered from a market maker
316 |315 |00:30:05 ~-~-> 00:30:11 |stance, or from the weakness of poor trading and stock placement for
317 |316 |00:30:11 ~-~-> 00:30:16 |liquidity. And they're going to use these volatility injections that occur
318 |317 |00:30:16 ~-~-> 00:30:21 |around economic calendar. Based on that time that that event is scheduled to
319 |318 |00:30:21 ~-~-> 00:30:27 |release, when this crude oil numbers come out, 1030 Does it ever change it?
320 |319 |00:30:27 ~-~-> 00:30:30 |Oh, we're gonna throw them a curveball today, we're gonna start sending it out
321 |320 |00:30:30 ~-~-> 00:30:37 |at 145. That's not happening, folks. Okay, they they work off of a script in
322 |321 |00:30:37 ~-~-> 00:30:42 |that script is not going to change. Now, if they start changing times when all
323 |322 |00:30:42 ~-~-> 00:30:46 |these things get released. And you don't know until the day of and it's it's
324 |323 |00:30:46 ~-~-> 00:30:48 |always constant moving and fluctuating, okay, then they're playing the shell
325 |324 |00:30:48 ~-~-> 00:30:52 |game with you, but they're not doing that. So there's no reason for you to be
326 |325 |00:30:52 ~-~-> 00:30:55 |fearful that they're going to change the algorithm, they're not going to change
327 |326 |00:30:55 ~-~-> 00:30:59 |the algorithm, okay, they're making so much more money than all the students
328 |327 |00:30:59 ~-~-> 00:31:02 |collectively that I have, that are profitable. And everybody else is people
329 |328 |00:31:02 ~-~-> 00:31:06 |that's claiming they make money too. They're doing a larger degree of volume
330 |329 |00:31:06 ~-~-> 00:31:12 |against larger entities in the marketplace. Huge conglomerates, big
331 |330 |00:31:12 ~-~-> 00:31:16 |they're cannibalizing brokerage firms, okay. I mean, they're, they're taking
332 |331 |00:31:16 ~-~-> 00:31:21 |advantage of big pools of liquidity. And they're chewing at it in small pieces
333 |332 |00:31:21 ~-~-> 00:31:24 |all day long. They're not trying to do what you think you're trying to do as a
334 |333 |00:31:24 ~-~-> 00:31:28 |trader, which is trying to get the entirety of the daily range, the lowest
335 |334 |00:31:28 ~-~-> 00:31:31 |little low and the highest of the high. That's not what they're trying to do.
336 |335 |00:31:31 ~-~-> 00:31:36 |They're not trying to do that. They're looking for pieces of it. Okay, just
337 |336 |00:31:36 ~-~-> 00:31:39 |going out there. And I mentioned this before, as an analogy, there's a,
338 |337 |00:31:39 ~-~-> 00:31:43 |there's a tiny little shark is called a cookie cutter shark. It's not out there
339 |338 |00:31:43 ~-~-> 00:31:47 |trying to devour anything, but it runs up real quick, slanting the side of
340 |339 |00:31:47 ~-~-> 00:31:51 |whatever it is it wants you to take advantage of and bites it and runs away,
341 |340 |00:31:51 ~-~-> 00:31:57 |it lives, it gets to eat, okay. And that's what these participants in the
342 |341 |00:31:57 ~-~-> 00:32:01 |marketplace are trying to do all day long. And because they're doing 1000s of
343 |342 |00:32:01 ~-~-> 00:32:06 |transactions, and you're doing it in such a small, in and out, in and out,
344 |343 |00:32:07 ~-~-> 00:32:12 |okay, that's not buying and selling pressure. That's just them utilizing
345 |344 |00:32:12 ~-~-> 00:32:16 |what the fluctuation in price is going to become anyway. Okay, and I'm gonna
346 |345 |00:32:16 ~-~-> 00:32:18 |talk a little bit about order flow. And we'll talk a little bit about how, what
347 |346 |00:32:18 ~-~-> 00:32:23 |the algorithms doing, what real volume is actually occurring in price action,
348 |347 |00:32:23 ~-~-> 00:32:26 |and how we can see and forecast the right side of the marketplace before it
349 |348 |00:32:26 ~-~-> 00:32:29 |actually happens. Okay, so if you didn't look at what I was showing you on my
350 |349 |00:32:29 ~-~-> 00:32:33 |community Post this morning, before you started watching this video, you can
351 |350 |00:32:33 ~-~-> 00:32:36 |listen to what I'm doing here and go to community posts. And you'll see what I
352 |351 |00:32:36 ~-~-> 00:32:40 |posted was, in fact, where we were drawing to, we're trying to get up into
353 |352 |00:32:40 ~-~-> 00:32:45 |that 16,000 to eight and a half. Okay, because there was by side up there. I'm
354 |353 |00:32:45 ~-~-> 00:32:48 |going to, I'm going to teach you again with the premise in mind that you don't
355 |354 |00:32:48 ~-~-> 00:32:54 |need to be correct to be profitable. The question goes back to what my son asked
356 |355 |00:32:54 ~-~-> 00:32:58 |me this morning, dad, when we're looking at it like this, how do we know what
357 |356 |00:32:58 ~-~-> 00:33:02 |side of the marketplace is? It's going to reach for, because you can look at
358 |357 |00:33:02 ~-~-> 00:33:06 |old lows and old highs and say, Okay, there's Basa in their cell side, but
359 |358 |00:33:06 ~-~-> 00:33:11 |which 1am I going to focus on? Which one should I look for? Where's the drawing
360 |359 |00:33:11 ~-~-> 00:33:14 |liquidity really going to be? Well, you have to look outside of the
361 |360 |00:33:14 ~-~-> 00:33:17 |consolidation. And this in and of itself. We're not looking whenever the
362 |361 |00:33:17 ~-~-> 00:33:20 |markets ranging like this, I don't look at this and say, Okay, here's the buy
363 |362 |00:33:20 ~-~-> 00:33:25 |side. And really take it out, this is exactly what you're going to be doing.
364 |363 |00:33:25 ~-~-> 00:33:26 |And this is where you get confused.
365 |364 |00:33:32 ~-~-> 00:33:35 |My wife is not here, in case you're wondering what I'm getting away with
366 |365 |00:33:35 ~-~-> 00:33:44 |this. Can't keep getting away with this selfie, look at that nuts needs to be a
367 |366 |00:33:44 ~-~-> 00:33:56 |little bit bigger. And then we'll do that. For the folks who want to know
368 |367 |00:33:56 ~-~-> 00:34:00 |what I just did there, I learned that from a student. A lot of my students are
369 |368 |00:34:00 ~-~-> 00:34:05 |real savvy with these things because I'm an old guy, and they keep up with all
370 |369 |00:34:05 ~-~-> 00:34:11 |this. But what I do is I highlight the thing I want to copy and then I hold
371 |370 |00:34:11 ~-~-> 00:34:16 |down the Ctrl tab and I drag it away from itself and it'll copy it for you.
372 |371 |00:34:18 ~-~-> 00:34:23 |Alright, so there's by itself, both respectively. And it's important for you
373 |372 |00:34:23 ~-~-> 00:34:26 |to know this while you're learning. Okay, but while it's in this
374 |373 |00:34:26 ~-~-> 00:34:31 |consolidation, I do not teach okay, I do not teach I do not advocate I did not
375 |374 |00:34:31 ~-~-> 00:34:37 |want you to try to do what I'm pointing out here. And before I go any further
376 |375 |00:34:37 ~-~-> 00:34:41 |with this, I want to make sure I say something you're looking at the NASDAQ
377 |376 |00:34:41 ~-~-> 00:34:46 |December contract and I did execute on the December contract. I will not be
378 |377 |00:34:46 ~-~-> 00:34:49 |executing on the December contract tomorrow if I choose to do anything.
379 |378 |00:34:50 ~-~-> 00:35:04 |Why? Because if you go over to bar chart.com And you look up the If you can
380 |379 |00:35:04 ~-~-> 00:35:16 |use s&p or NASDAQ, it doesn't matter. You pull it up. Right, and then I'm not
381 |380 |00:35:16 ~-~-> 00:35:24 |sure what the trying to have all this ad stuff pop out as far as zooms and not
382 |381 |00:35:24 ~-~-> 00:35:29 |making money off of me Jack, you can tell them looking for going to my son
383 |382 |00:35:29 ~-~-> 00:35:35 |stocking stuffing, not these ones. But the cash. Ignore that one in the top one
384 |383 |00:35:35 ~-~-> 00:35:39 |is your nearby your front month. That's December right now. So you got Christmas
385 |384 |00:35:39 ~-~-> 00:35:43 |spoons right now. And then you have March. That's the next delivery
386 |385 |00:35:43 ~-~-> 00:35:49 |contract. So we're rolling over from December that will be expiring. And then
387 |386 |00:35:49 ~-~-> 00:35:54 |you go into the next month. So when this stops trading, this will fall off the
388 |387 |00:35:54 ~-~-> 00:35:58 |board and then the March contract will become the front month, okay, or the
389 |388 |00:35:58 ~-~-> 00:36:05 |nearby contract. So we have this volume is 1,016,000. And in March is showing
390 |389 |00:36:05 ~-~-> 00:36:09 |you what the volume is now larger. So I was willing to trade before seeing that
391 |390 |00:36:09 ~-~-> 00:36:12 |volume. I didn't know what that volume is going to be could have been a little
392 |391 |00:36:13 ~-~-> 00:36:18 |lazy today and not posted. The numbers we're seeing. The open interest right
393 |392 |00:36:18 ~-~-> 00:36:23 |now still is higher in December, but we're already seeing a lot more interest
394 |393 |00:36:23 ~-~-> 00:36:29 |in buying and selling for what the March contract. So I'm not going to get stuck
395 |394 |00:36:29 ~-~-> 00:36:33 |in a trade when there's this much volume. Okay, so don't be afraid to
396 |395 |00:36:33 ~-~-> 00:36:37 |trade like this when you've ever considered doing it on your own. But
397 |396 |00:36:37 ~-~-> 00:36:40 |whenever you see the signs like this, okay, well, there's a whole lot more
398 |397 |00:36:40 ~-~-> 00:36:45 |going on in the front month. Okay, then I'll discount the open interest. But as
399 |398 |00:36:45 ~-~-> 00:36:49 |long as the open interest is higher than here, I'll look to trade that until I
400 |399 |00:36:49 ~-~-> 00:36:54 |see the volume become larger in number of contracts being traded, as we see
401 |400 |00:36:54 ~-~-> 00:36:59 |today. So December today is the last time I touch ES or NASDAQ. So that way
402 |401 |00:36:59 ~-~-> 00:37:03 |you understand when do I rollover? That's exactly how I determine when I'm
403 |402 |00:37:03 ~-~-> 00:37:06 |going to roll it. I don't listen to people on YouTube saying they rolled
404 |403 |00:37:06 ~-~-> 00:37:10 |over I'm not asking someone on social media. Hey, did you roll over? This is
405 |404 |00:37:10 ~-~-> 00:37:14 |what I do. Okay, this is exactly what I do. And I do it every single time a
406 |405 |00:37:14 ~-~-> 00:37:19 |contract month rollover occurs. And since it's only four contracts per year,
407 |406 |00:37:19 ~-~-> 00:37:27 |when we're trading index futures, it's March. June, set September, and
408 |407 |00:37:27 ~-~-> 00:37:34 |December. Okay, so it's real easy to use this criteria. It's not complicated. But
409 |408 |00:37:34 ~-~-> 00:37:39 |now because I've done that I can close this. And hopefully you guys can allow
410 |409 |00:37:39 ~-~-> 00:37:43 |me because yes, it still says paper trading. Okay. So when I show you my
411 |410 |00:37:43 ~-~-> 00:37:48 |executions, just remember, I'm teaching. So therefore, because I'm teaching, I'm
412 |411 |00:37:48 ~-~-> 00:37:51 |not licensed to give you trade advice, I'm going to protect my ass and make
413 |412 |00:37:51 ~-~-> 00:37:55 |sure that I'm reminding you that it's in a paper trading account. So none of you
414 |413 |00:37:55 ~-~-> 00:37:58 |can come back and say, Well, I took a trade No, you fucking didn't, you're a
415 |414 |00:37:58 ~-~-> 00:38:03 |liar. Because I'm never going to walk you through a Live account trade, it
416 |415 |00:38:03 ~-~-> 00:38:07 |will never ever, ever, ever happen, it will never happen, I will never open
417 |416 |00:38:07 ~-~-> 00:38:11 |myself up to that liability, it will never happen. But I will say that here
418 |417 |00:38:11 ~-~-> 00:38:14 |all day long in front of whoever you want them to sell in front of. And I
419 |418 |00:38:14 ~-~-> 00:38:19 |will talk about the market live in this medium. Because I'm protected. I'm not
420 |419 |00:38:19 ~-~-> 00:38:25 |acting as a financial advisor. So it's really, really clear as to why I do what
421 |420 |00:38:25 ~-~-> 00:38:30 |I do. But you want to see real time, real live account trading, you can look
422 |421 |00:38:30 ~-~-> 00:38:32 |on this YouTube channel, and you'll see it just look down here. And when you see
423 |422 |00:38:32 ~-~-> 00:38:37 |the example say amp live, that's amp global. It's a futures brokerage firm.
424 |423 |00:38:37 ~-~-> 00:38:41 |And they have very, very competitive margins. There. In my mind, I think
425 |424 |00:38:41 ~-~-> 00:38:46 |they're a little too extreme. They allow people to do way too many contracts for
426 |425 |00:38:46 ~-~-> 00:38:51 |the size of money. But hey, a lot of people want to do that, right. So again,
427 |426 |00:38:51 ~-~-> 00:38:54 |I don't rep them. I'm not an IB or not introducing broker, I have no
428 |427 |00:38:54 ~-~-> 00:38:59 |affiliation with them at all. They're not perfect. So I'm not repping them.
429 |428 |00:38:59 ~-~-> 00:39:02 |And I'm not telling you to go. In fact, don't put your money with them so that
430 |429 |00:39:02 ~-~-> 00:39:06 |you can see that I am not trying to do anything with any brokerage firm. I get
431 |430 |00:39:06 ~-~-> 00:39:10 |requests all the time from companies, I don't do that stuff. So now because I've
432 |431 |00:39:10 ~-~-> 00:39:15 |done this, okay, I want you to know that I'm going to maximize the screen because
433 |432 |00:39:15 ~-~-> 00:39:20 |I like to look at it like this. Okay, so now we're all on the same page. Now
434 |433 |00:39:20 ~-~-> 00:39:25 |hopefully, I can go through this and explain it where it matters. With what I
435 |434 |00:39:25 ~-~-> 00:39:29 |was looking at what I was expecting what I would have used for a silver bullet
436 |435 |00:39:29 ~-~-> 00:39:33 |all those things. We're gonna talk about that right now. So again, the question
437 |436 |00:39:33 ~-~-> 00:39:37 |was, my son was asking why it's going like this, what do we look for? What's
438 |437 |00:39:37 ~-~-> 00:39:42 |the draw on liquidity? Where do we look to see price going? Where's it? Where's
439 |438 |00:39:42 ~-~-> 00:39:45 |it likely to go to next? Well, we don't look at this the original consolidation
440 |439 |00:39:45 ~-~-> 00:39:48 |here and think to ourselves, okay, well, all we're going to do is look at the
441 |440 |00:39:49 ~-~-> 00:39:52 |high and the low. And that's all that matters, because I'm never teaching
442 |441 |00:39:52 ~-~-> 00:39:58 |trading in this consolidation, to get to just this level. That's too small. It's
443 |442 |00:39:58 ~-~-> 00:40:02 |too myopic, and it You're not going to do well, if you're just looking at it
444 |443 |00:40:02 ~-~-> 00:40:06 |like that. So what are we supposed to be doing? Well, you got to come off that
445 |444 |00:40:06 ~-~-> 00:40:11 |one minute chart and go at least up to a 15 minute timeframe. So with a 15 minute
446 |445 |00:40:11 ~-~-> 00:40:18 |timeframe, you can see that we had relative equal highs here. So that was
447 |446 |00:40:18 ~-~-> 00:40:22 |an obvious level to do what anticipate price wanting to clean up this area up
448 |447 |00:40:22 ~-~-> 00:40:27 |in here. So just like we have here, actually, I'm gonna just take that off
449 |448 |00:40:27 ~-~-> 00:40:32 |here, because it's, we've already accomplished the method there. There,
450 |449 |00:40:33 ~-~-> 00:40:42 |and we had sellside. There. Now, while it's moved up here, and we've moved
451 |450 |00:40:42 ~-~-> 00:40:48 |sideways, inside this pre market opening before 930, we were in a small little
452 |451 |00:40:48 ~-~-> 00:40:54 |range, which was part of this consolidation here. What is it more
453 |452 |00:40:54 ~-~-> 00:41:04 |likely? What is it more likely to do? If you had control like a, like a video
454 |453 |00:41:04 ~-~-> 00:41:12 |game, okay, or a remote control, if you had control to steer price, okay. And
455 |454 |00:41:12 ~-~-> 00:41:17 |you had the benefit of controlling price with the expectation of knocking out
456 |455 |00:41:17 ~-~-> 00:41:21 |other traders. So that way, you could take their position over where they get
457 |456 |00:41:21 ~-~-> 00:41:27 |out with a loss, where they get out with a loss, your intention, are to take that
458 |457 |00:41:27 ~-~-> 00:41:32 |trade over exactly where they get out with the maximum pain that they felt an
459 |458 |00:41:32 ~-~-> 00:41:37 |incurred loss at you because you're in control of price, you take price to that
460 |459 |00:41:37 ~-~-> 00:41:41 |level to take them out, their orders would be executed because their stop
461 |460 |00:41:41 ~-~-> 00:41:46 |loss. Or for folks that would be trying to trade as a breakout using that same
462 |461 |00:41:46 ~-~-> 00:41:52 |location to keep trading in that direction. Either way, it's still using
463 |462 |00:41:52 ~-~-> 00:41:56 |that liquidity for our counterparty purpose, if you had the ability to do
464 |463 |00:41:56 ~-~-> 00:41:59 |and this is, so this is the part where people say the markets are not driven by
465 |464 |00:41:59 ~-~-> 00:42:02 |an algorithm. They're not controlled by an algorithm. It's buying and selling
466 |465 |00:42:02 ~-~-> 00:42:05 |pressure. And I'm telling you, that's straight up bullshit. That's bullshit.
467 |466 |00:42:06 ~-~-> 00:42:10 |Okay. And I understand it feels good to believe that because that's the
468 |467 |00:42:10 ~-~-> 00:42:16 |majority's perspective on it. But folks, listen, these markets are highly
469 |468 |00:42:16 ~-~-> 00:42:23 |efficiently delivered artificially. It's aI driven. Okay, when he moved away from
470 |469 |00:42:23 ~-~-> 00:42:27 |open outcry, and it became an electronic trading, it used to be, you know, only
471 |470 |00:42:27 ~-~-> 00:42:33 |the season, people would trade Globex before we had electronic trading, you
472 |471 |00:42:33 ~-~-> 00:42:37 |could trade pullbacks. But when everything became electronic, where now
473 |472 |00:42:37 ~-~-> 00:42:39 |everybody has 24 hour access,
474 |473 |00:42:41 ~-~-> 00:42:46 |you still hold on to these dinosaur archaic perspectives that markets are
475 |474 |00:42:46 ~-~-> 00:42:51 |are driven by the buying and selling pressure, I'm going to I'm going to
476 |475 |00:42:52 ~-~-> 00:42:56 |differentiate what that really should be seen as versus what everybody believes
477 |476 |00:42:56 ~-~-> 00:43:01 |it is. Okay. You're going to know more about order flow today than any Joker
478 |477 |00:43:01 ~-~-> 00:43:05 |out there. That's talking about bullshit that shows up ladders and Dom's and all
479 |478 |00:43:05 ~-~-> 00:43:09 |that other stuff, you don't need any of that stuff. You don't need any of that.
480 |479 |00:43:10 ~-~-> 00:43:13 |Now, if you use and you make money, understand that I'm not trying to debate
481 |480 |00:43:13 ~-~-> 00:43:16 |you on that, because that's your religion, you believe it and I would
482 |481 |00:43:16 ~-~-> 00:43:19 |never be convinced of the things I believe in aren't working for me either.
483 |482 |00:43:19 ~-~-> 00:43:24 |Okay, but you're you're watching my live stream. I'm not watching yours. So I'm
484 |483 |00:43:24 ~-~-> 00:43:26 |teaching the people that have asked these questions, and this is my response
485 |484 |00:43:26 ~-~-> 00:43:31 |to them. Okay. And these are also the things that keep me consistently
486 |485 |00:43:31 ~-~-> 00:43:36 |accurate. When I show examples, I'm pointing out things. I'm leaning on this
487 |486 |00:43:36 ~-~-> 00:43:41 |logic as to why I'm dealing not trying to do something new all the time, or
488 |487 |00:43:41 ~-~-> 00:43:45 |trusting in something that everybody else is looking at, which is depth of
489 |488 |00:43:45 ~-~-> 00:43:51 |market level to data, volume profile, trend lines, moving averages, supply and
490 |489 |00:43:51 ~-~-> 00:43:56 |demand, all these things, Elliott Wave harmonic patterns. What what is the
491 |490 |00:43:56 ~-~-> 00:44:00 |market going to respect today? Out of all that stuff, what's it going to
492 |491 |00:44:00 ~-~-> 00:44:03 |respect? Is it going to go with Elliot wave today? Is it going to go with
493 |492 |00:44:03 ~-~-> 00:44:10 |harmonic animal patterns is going to go with, you know, again, when you really
494 |493 |00:44:10 ~-~-> 00:44:14 |take a step back and you think about it like that? Because they're never an
495 |494 |00:44:14 ~-~-> 00:44:19 |agreement. So what is it that makes the decision for the market that say I'm
496 |495 |00:44:19 ~-~-> 00:44:24 |going to be team ICT concepts today? I'm going to be team Elliott Wave, I'm going
497 |496 |00:44:24 ~-~-> 00:44:29 |to be team horseshit. You know, whatever the hell it is that you believe in. It's
498 |497 |00:44:29 ~-~-> 00:44:34 |foolishness. So but what can we do to remove any level of foolishness?
499 |498 |00:44:36 ~-~-> 00:44:41 |Understand that these markets operate on the basis of liquidity. They seek yield.
500 |499 |00:44:42 ~-~-> 00:44:49 |And they like to reprice to cause efficiency where there's inefficiency.
501 |500 |00:44:51 ~-~-> 00:44:54 |When you take a step back and you look at it from that perspective, it makes
502 |501 |00:44:54 ~-~-> 00:44:59 |things so much more simpler. You don't have to worry about anything except for
503 |502 |00:45:00 ~-~-> 00:45:06 |Okay, where's the maximum pain? Because wherever the maximum pain is, that's the
504 |503 |00:45:06 ~-~-> 00:45:12 |path of least resistance for price. What does that mean? Well, I'm gonna show it
505 |504 |00:45:12 ~-~-> 00:45:17 |to you prior to this morning's opening, Okay, before we go into further, I've
506 |505 |00:45:17 ~-~-> 00:45:23 |mentioned this this morning, the 16,002 e 50. Level, posted as a small little
507 |506 |00:45:23 ~-~-> 00:45:27 |chart, I didn't have much time to do it before I had to walk out the house. But
508 |507 |00:45:27 ~-~-> 00:45:32 |that said, noted, okay, I believe that this is where the market draws to
509 |508 |00:45:32 ~-~-> 00:45:36 |withdrawals here today, or draws near tomorrow for CPI. It matters not to me,
510 |509 |00:45:36 ~-~-> 00:45:40 |that's the draw liquidity for me. Okay, I'm going to show you how I arrived at
511 |510 |00:45:40 ~-~-> 00:45:44 |that. But I want you to understand there's other things that go along with
512 |511 |00:45:44 ~-~-> 00:45:48 |this. Not just pointing out old highs and all those other factors that I lean
513 |512 |00:45:48 ~-~-> 00:45:53 |on. And I give you the procedure and process that I use, that gives me that
514 |513 |00:45:53 ~-~-> 00:45:56 |this is what I'm looking for. This is why I'm looking for it. And this is what
515 |514 |00:45:56 ~-~-> 00:45:59 |I would say no, I'm not interested in that. And this is why I'm interested in
516 |515 |00:45:59 ~-~-> 00:46:05 |something else. Okay, so I'm giving you a real procedure, something that I I
517 |516 |00:46:05 ~-~-> 00:46:11 |know that when you read my books, it probably won't be conveyed as good as
518 |517 |00:46:11 ~-~-> 00:46:15 |I'm going to show you today. So I'm giving this example because it'll be
519 |518 |00:46:15 ~-~-> 00:46:19 |something I can refer to. And there'll be like an amplification of something
520 |519 |00:46:19 ~-~-> 00:46:23 |that several chapters in those books will talk about it. But you don't need
521 |520 |00:46:23 ~-~-> 00:46:27 |because I talked about it before. But I'm going to show you what I use today
522 |521 |00:46:27 ~-~-> 00:46:32 |is that we gives you a real world example. And going forward, and you just
523 |522 |00:46:32 ~-~-> 00:46:36 |lean on that same logic, and it's not 100% because nothing ever is 100%. But
524 |523 |00:46:36 ~-~-> 00:46:40 |it's going to serve you better than trying to figure out what system, what
525 |524 |00:46:40 ~-~-> 00:46:45 |methodology you should try to go to. And if you're always system hopping, trying
526 |525 |00:46:45 ~-~-> 00:46:48 |to jump from one thing to the next, you're not going to find consistency.
527 |526 |00:46:48 ~-~-> 00:46:52 |You I think you're being consistent is your inconsistency and sticking with
528 |527 |00:46:52 ~-~-> 00:46:57 |something till you learn it well. So because we moved off that one minute
529 |528 |00:46:57 ~-~-> 00:47:01 |chart, a bellwether timeframe for me 15 minutes, okay, so if I'm looking for
530 |529 |00:47:01 ~-~-> 00:47:06 |something that is liquidity based, where I'm looking for a draw on liquidity,
531 |530 |00:47:06 ~-~-> 00:47:10 |that's going to have an impact for the session, I'm not talking about an hour
532 |531 |00:47:10 ~-~-> 00:47:13 |candle, where I can trade inside of one hour candle, and I can get scalping I
533 |532 |00:47:13 ~-~-> 00:47:19 |can, I can make what an average person can earn in a week with every single one
534 |533 |00:47:19 ~-~-> 00:47:24 |hour candle. I don't need to do that you shouldn't try to do that. But for the
535 |534 |00:47:24 ~-~-> 00:47:28 |sake of understanding the highest degree of probability, where the mark is going
536 |535 |00:47:28 ~-~-> 00:47:31 |to reach for, you have to come off that one minute, you got to come off that
537 |536 |00:47:31 ~-~-> 00:47:37 |five minute go to at least a 15 minute timeframe. Why? Because the majority of
538 |537 |00:47:37 ~-~-> 00:47:42 |short term fluctuations that going on in intraday, algorithmic price delivery is
539 |538 |00:47:42 ~-~-> 00:47:48 |on that timeframe. Now I'm gonna say in simpler terms, the liquidity you're
540 |539 |00:47:48 ~-~-> 00:47:52 |looking for as a general go to that's going to serve you the best is a 15
541 |540 |00:47:52 ~-~-> 00:47:57 |minute timeframe chart. That's the ones that are so clear, and they're obvious.
542 |541 |00:47:58 ~-~-> 00:48:01 |They don't hide them from you, they can never hide them from me, because this is
543 |542 |00:48:01 ~-~-> 00:48:08 |the first one they work off. Period. Don't believe what I said, go back and
544 |543 |00:48:08 ~-~-> 00:48:13 |look at every fucking day in every market. And you'll see exactly what I'm
545 |544 |00:48:13 ~-~-> 00:48:16 |talking about. It's there every single day. Now over time, you're gonna get
546 |545 |00:48:16 ~-~-> 00:48:19 |good at it, you're gonna get better at knowing which side is going to reach
547 |546 |00:48:19 ~-~-> 00:48:24 |for. But I'm going to show you it's not hard. When we're in this little
548 |547 |00:48:24 ~-~-> 00:48:28 |consolidation here, which is all part of this larger consolidation. It's to the
549 |548 |00:48:28 ~-~-> 00:48:34 |left, you see all that? Where is the market jagged versus where it's smooth?
550 |549 |00:48:37 ~-~-> 00:48:41 |Now for the folks that don't know English very well, what do I mean by
551 |550 |00:48:41 ~-~-> 00:48:46 |that? Well, if you look at the difference between how this high in this
552 |551 |00:48:46 ~-~-> 00:48:51 |high in this high and these highs here, you can pretty much see how these are
553 |552 |00:48:51 ~-~-> 00:48:57 |all like real real uniform, that's real smooth. It doesn't make any kind of real
554 |553 |00:48:57 ~-~-> 00:49:03 |jagged, run up and run away. Notice that but where do we see that type of
555 |554 |00:49:03 ~-~-> 00:49:10 |delivering price down here, this is all jagged. Okay. So if you are looking at
556 |555 |00:49:10 ~-~-> 00:49:19 |it like a sawtooth or the edge of a saw, or some type of serrated edge down here,
557 |556 |00:49:19 ~-~-> 00:49:24 |they cut up all of the liquidity it was resting below that low. That low a rip
558 |557 |00:49:24 ~-~-> 00:49:29 |through it. It caused this one here and then what did it do it ran right up here
559 |558 |00:49:29 ~-~-> 00:49:34 |but then it left this nice smooth little area right in here. So what happens is
560 |559 |00:49:34 ~-~-> 00:49:41 |that retail minded traders, they see this price action and they envision this
561 |560 |00:49:41 ~-~-> 00:49:49 |little area right in here. This is their safety or safe house that's their, this
562 |561 |00:49:49 ~-~-> 00:49:53 |this little area here where they feel that if they go into the marketplace and
563 |562 |00:49:53 ~-~-> 00:49:57 |they try to go short, they feel that this is a
564 |563 |00:50:05 ~-~-> 00:50:10 |It's a safe room. Okay. My house it has won most other people that have high
565 |564 |00:50:11 ~-~-> 00:50:16 |security and things like that those places in your house where it's
566 |565 |00:50:16 ~-~-> 00:50:20 |fortified, it has means of protecting yourself with food, water, medicine,
567 |566 |00:50:20 ~-~-> 00:50:26 |weapons, lighting, communication, we can talk outside the house without even
568 |567 |00:50:26 ~-~-> 00:50:29 |having a connection with your house phone. Rubin has that anymore, right.
569 |568 |00:50:30 ~-~-> 00:50:35 |But the idea is, this is a safe space for retail traders, because they trust
570 |569 |00:50:35 ~-~-> 00:50:38 |this as what they see this as
571 |570 |00:50:43 ~-~-> 00:50:47 |what their textbooks have taught them all along, that this has resistance.
572 |571 |00:50:48 ~-~-> 00:50:53 |They think that price cannot get through that. This is strong resistance. So that
573 |572 |00:50:53 ~-~-> 00:50:57 |means what the market has to bend to its will they're classifying that as
574 |573 |00:50:57 ~-~-> 00:51:03 |resistance. That's exactly what those books taught me. And I lost my fucking
575 |574 |00:51:03 ~-~-> 00:51:10 |ass. I've lost my ass trying to use that logic. Every single time I trusted what
576 |575 |00:51:10 ~-~-> 00:51:14 |I thought was obvious and strong resistance. If it looks smooth like
577 |576 |00:51:14 ~-~-> 00:51:19 |this, you can bet your ass are running through that, just like the SWAT team is
578 |577 |00:51:19 ~-~-> 00:51:22 |going to kick that door in. They've already done a SWAT move down here,
579 |578 |00:51:22 ~-~-> 00:51:26 |they've already busted through the door. It's all busted up jagged. Here, it's
580 |579 |00:51:26 ~-~-> 00:51:33 |all smooth, real smooth highs. And they do this to instigate the idea that it's
581 |580 |00:51:33 ~-~-> 00:51:38 |safe to trust that as resistance. So what will traders do, they'll will
582 |581 |00:51:38 ~-~-> 00:51:42 |they'll want to go short. So when they go short, if they're thinking about
583 |582 |00:51:42 ~-~-> 00:51:48 |protecting their money, that's a good thing. They'll place their stop loss
584 |583 |00:51:48 ~-~-> 00:51:51 |rate above these highs, what kind of stops
585 |584 |00:51:56 ~-~-> 00:52:03 |by stops, okay, so they're thinking that if they can go short in here or in here,
586 |585 |00:52:03 ~-~-> 00:52:06 |or they don't catch the move, they see this run here, what they're gonna do,
587 |586 |00:52:06 ~-~-> 00:52:11 |they're gonna chase it. They're gonna chase it and go short, then they have
588 |587 |00:52:11 ~-~-> 00:52:16 |all this potential inefficiency that they could actually see go against them
589 |588 |00:52:16 ~-~-> 00:52:21 |while they're in a trade, and that might squeeze them out. Or if they're just a
590 |589 |00:52:21 ~-~-> 00:52:24 |chaser in price, because they don't know where the markets gonna go. And they
591 |590 |00:52:24 ~-~-> 00:52:27 |haven't really over leveraged, they use the smallest in terms of leverage, they
592 |591 |00:52:27 ~-~-> 00:52:31 |can afford to even chase it. Even though that's not a good way of trading, that
593 |592 |00:52:31 ~-~-> 00:52:33 |they can afford to put a stop loss off here, because they're not trying to
594 |593 |00:52:33 ~-~-> 00:52:41 |trade with 15 contracts. Wink wink, nudge nudge, they had the smallest
595 |594 |00:52:41 ~-~-> 00:52:44 |leverage on so they're going to place their stop loss up here, because they
596 |595 |00:52:44 ~-~-> 00:52:47 |understand they're not that great in terms of precision. But they know that
597 |596 |00:52:47 ~-~-> 00:52:50 |this has proven to them that they think it's going to be acting as resistance.
598 |597 |00:52:50 ~-~-> 00:52:56 |It's not, but that's what they're being trained to think. So if you do this over
599 |598 |00:52:56 ~-~-> 00:53:00 |and over and over again, reading books, looking at the examples that they want
600 |599 |00:53:00 ~-~-> 00:53:07 |you to see, you will believe you will be indoctrinated, seeing that this is
601 |600 |00:53:07 ~-~-> 00:53:11 |resistance. So therefore the market should not go through that. See how that
602 |601 |00:53:11 ~-~-> 00:53:17 |ingrains in your mind that you're going to believe it. Because you paid for the
603 |602 |00:53:17 ~-~-> 00:53:21 |book, you took the time to read the book. And these people are claiming
604 |603 |00:53:21 ~-~-> 00:53:25 |they've been doing it before you and they claim it works. So right away,
605 |604 |00:53:25 ~-~-> 00:53:30 |you're you're being brainwashed. I'm not trying to brainwash you, I'm telling you
606 |605 |00:53:30 ~-~-> 00:53:34 |don't believe anything, I say, use the logic that I'm talking about and go in
607 |606 |00:53:34 ~-~-> 00:53:38 |and see if it doesn't work for you. In every single instance, the people that
608 |607 |00:53:38 ~-~-> 00:53:43 |tried to do that with a real interest in trying to debunk it, they become a
609 |608 |00:53:43 ~-~-> 00:53:46 |student, and then they get fucking funded, they make money, and some of
610 |609 |00:53:46 ~-~-> 00:53:50 |them have gone on to make a lot of money. And that's why that's how I
611 |610 |00:53:50 ~-~-> 00:53:54 |market myself, I'd say don't believe what I say, go in use the logic that I'm
612 |611 |00:53:54 ~-~-> 00:53:58 |teaching you. And you see if I'm foolish enough, and then you'll read away know
613 |612 |00:53:58 ~-~-> 00:54:02 |if this stuff works. You don't need to listen to somebody else. And when you
614 |613 |00:54:02 ~-~-> 00:54:06 |see this logic that is turned on its head, retail logic is what I'm referring
615 |614 |00:54:06 ~-~-> 00:54:11 |to. There's no need to go down below all this stuff or even revisited when this
616 |615 |00:54:11 ~-~-> 00:54:17 |is left intact. This is all smooth. This is all smooth, and it needs to be made
617 |616 |00:54:17 ~-~-> 00:54:23 |jagged. So if price is down here, how do we use that logic to answer my son, I
618 |617 |00:54:23 ~-~-> 00:54:28 |said, look where this is smooth. And you see how this is smashed down several
619 |618 |00:54:28 ~-~-> 00:54:34 |times. It looks like sharp teeth on the side of an edge of assault, right? So
620 |619 |00:54:34 ~-~-> 00:54:39 |they tore us all up down here. And this is all left smooth and intact. So when
621 |620 |00:54:39 ~-~-> 00:54:42 |we're in these small little consolidations like this and you don't
622 |621 |00:54:42 ~-~-> 00:54:45 |know what side the marketplace is going to run for, look for where it's left
623 |622 |00:54:45 ~-~-> 00:54:51 |smooth edges. That's this side here. I was not bearish this morning. You should
624 |623 |00:54:51 ~-~-> 00:54:53 |not have been bearish if you're a student of mine because we've already
625 |624 |00:54:53 ~-~-> 00:54:57 |seen how they've done the damage down here. Plus the market is still trying to
626 |625 |00:54:57 ~-~-> 00:55:00 |reach for that old daily high. What I mean by that let's go alto daily chart
627 |626 |00:55:06 ~-~-> 00:55:13 |see this one over here on the weekly range, my analysis says I'm going to
628 |627 |00:55:13 ~-~-> 00:55:18 |look to see if they can try to trade up to that. So until proven wrong, unless
629 |628 |00:55:18 ~-~-> 00:55:23 |CPI comes out tomorrow and completely this decimates all this market structure
630 |629 |00:55:23 ~-~-> 00:55:29 |here, I'm anticipating today or going into CPI tomorrow that we run up into
631 |630 |00:55:29 ~-~-> 00:55:34 |and through the 16,000 to 64. Now, obviously, I'm using the December
632 |631 |00:55:34 ~-~-> 00:55:40 |contract. So let's take a quick little peek real quick over the this is the
633 |632 |00:55:40 ~-~-> 00:55:46 |symbol for March 2024. Okay, so when you're on TradingView, it's NQ. H, the
634 |633 |00:55:46 ~-~-> 00:55:52 |symbol H is for March, the symbol for June is m, the symbol for s, I'm sorry,
635 |634 |00:55:52 ~-~-> 00:55:56 |for September is s, and lowercase letters, D is for the summer contract.
636 |635 |00:55:57 ~-~-> 00:56:03 |So we're rolling away from the December of 2023 into March 2024. That H is for
637 |636 |00:56:03 ~-~-> 00:56:09 |that contract month. Okay, so if you do this, you can see my levels already
638 |637 |00:56:09 ~-~-> 00:56:15 |there. So it's already close to that, and then this one right there. So drop
639 |638 |00:56:15 ~-~-> 00:56:23 |it over here doesn't take much to get to the March objective. And we pierced it
640 |639 |00:56:23 ~-~-> 00:56:27 |today. I don't think it stops there is when I'm getting that because I'm using
641 |640 |00:56:27 ~-~-> 00:56:32 |the logic that even though that its volume is rolling out of December into
642 |641 |00:56:32 ~-~-> 00:56:36 |March, December still gonna be trading, December still gonna be traded, even on
643 |642 |00:56:36 ~-~-> 00:56:41 |the day of expiration, it may not be a lot, but it's still being traded. So I'm
644 |643 |00:56:41 ~-~-> 00:56:46 |not advocating for you to trade that long. But there's unfinished business up
645 |644 |00:56:46 ~-~-> 00:56:52 |here, based on what that front month right now, which is December still, even
646 |645 |00:56:52 ~-~-> 00:57:01 |though volume is highest in the March 2024 contract, December still active. So
647 |646 |00:57:01 ~-~-> 00:57:04 |you can't discount that. So when I'm looking at it, I don't just simply say,
648 |647 |00:57:04 ~-~-> 00:57:10 |Okay, forget what December contracts dealing in a chart only focus on 2024.
649 |648 |00:57:10 ~-~-> 00:57:15 |Because if you do that, you are literally putting blinders on. You can't
650 |649 |00:57:15 ~-~-> 00:57:19 |simply because you rolled over, and you're actively trading now, March
651 |650 |00:57:19 ~-~-> 00:57:23 |contract and 2024 if you're trading this contract here, and and there's nothing
652 |651 |00:57:23 ~-~-> 00:57:29 |wrong about doing that, but you can't ignore, you can't be oblivious to what
653 |652 |00:57:29 ~-~-> 00:57:33 |that December contract still has in play. Because that liquidity still is
654 |653 |00:57:33 ~-~-> 00:57:40 |what it's a factor. So if we have that in mind, you go back into the summer
655 |654 |00:57:40 ~-~-> 00:57:51 |contract here. Go back down into 15 timeframe. So while we're in here, we're
656 |655 |00:57:51 ~-~-> 00:57:57 |going up into what time? Okay, Dave, listen, don't get too crazy. Okay.
657 |656 |00:57:57 ~-~-> 00:58:00 |Because time is still the most important thing. You're taking a post I made on
658 |657 |00:58:00 ~-~-> 00:58:05 |Twitter at a context, I was practicing just reading price action just by in and
659 |658 |00:58:05 ~-~-> 00:58:09 |of itself. But the importance of time cannot be diminished. All the real
660 |659 |00:58:09 ~-~-> 00:58:13 |moves, the sustained price runs that run for significant price runs to
661 |660 |00:58:13 ~-~-> 00:58:18 |inefficiencies or liquidity are going to be based on a time delivery schedule. It
662 |661 |00:58:18 ~-~-> 00:58:22 |is always based on time, time, time, time, time, without time, you can't do
663 |662 |00:58:22 ~-~-> 00:58:26 |shit, period. You can't do anything. Because if the market is open, can you
664 |663 |00:58:26 ~-~-> 00:58:32 |put anything into a trade? No. That you might argue say that's the extreme
665 |664 |00:58:32 ~-~-> 00:58:36 |argument. And of course, it goes without saying, but none of the sustain price
666 |665 |00:58:36 ~-~-> 00:58:40 |runs where significant price runs ever manifest themselves at the time periods
667 |666 |00:58:40 ~-~-> 00:58:45 |I pointed out. Look at the macro. That's, that's a small window of time.
668 |667 |00:58:46 ~-~-> 00:58:51 |20 minutes 20 Little minutes. Okay, and I can time every significant price run
669 |668 |00:58:51 ~-~-> 00:58:56 |is going to occur intraday on a one minute chart. That's what a macro does.
670 |669 |00:58:56 ~-~-> 00:59:03 |So can you tell, can you hear how I've been wanting to do this, and I've been
671 |670 |00:59:03 ~-~-> 00:59:08 |starved. I didn't want to be here. I didn't set my schedule to be here for a
672 |671 |00:59:08 ~-~-> 00:59:14 |long time. But I've been really missing doing this. And now because I'm out of
673 |672 |00:59:14 ~-~-> 00:59:20 |the cage for a little while today. I'm having fun with it. But don't discount
674 |673 |00:59:20 ~-~-> 00:59:25 |time or place price overtop of Time, time is always going to be paramount and
675 |674 |00:59:25 ~-~-> 00:59:33 |above price. Always every instance of it. Every single instance, time is going
676 |675 |00:59:33 ~-~-> 00:59:38 |to be the absolute Paramount principle that is going to be the largest factor
677 |676 |00:59:38 ~-~-> 00:59:43 |in why price is going to move. Don't believe me? Look at the economic
678 |677 |00:59:43 ~-~-> 00:59:47 |calendar to cancel any argument against it initially right away. Because CPI
679 |678 |00:59:47 ~-~-> 00:59:51 |tomorrow when it comes out. It doesn't matter what the fuck you trade. It's
680 |679 |00:59:51 ~-~-> 00:59:58 |going to rip your face off. He's going to rip your face off. You're not going
681 |680 |00:59:58 ~-~-> 01:00:02 |to be able to trade it. You're going to be dead estimated, and nobody can stand
682 |681 |01:00:02 ~-~-> 01:00:06 |in front of that. Not not with any assurance that they're going to be
683 |682 |01:00:07 ~-~-> 01:00:11 |having an outcome that's favorable, not consistently. And I feel like I'm pretty
684 |683 |01:00:11 ~-~-> 01:00:15 |good trader, and I can't find consistency ahead of CPI every single
685 |684 |01:00:15 ~-~-> 01:00:19 |time it comes around. Once in a while I'll get it right once in a while, but
686 |685 |01:00:19 ~-~-> 01:00:22 |most of the time I'm not. So I have to wait for that first initial delivery,
687 |686 |01:00:22 ~-~-> 01:00:27 |and then look for where it left pores weak in that price run. That means
688 |687 |01:00:27 ~-~-> 01:00:32 |inefficiencies fair value gaps. And what liquidity in terms of old highs or lows
689 |688 |01:00:32 ~-~-> 01:00:38 |that they left smooth like this? That is that complicated. Folks? Forget
690 |689 |01:00:38 ~-~-> 01:00:43 |everything else at this Jawbone about Okay. Isn't it easier for you to not
691 |690 |01:00:43 ~-~-> 01:00:46 |worry about what setting your indicators should be on? What indicator to even
692 |691 |01:00:46 ~-~-> 01:00:51 |use? What moving average? What fucking trendline to draw from? Okay, what
693 |692 |01:00:51 ~-~-> 01:00:56 |volume node to worry about? Nothing about depth of market, you don't need to
694 |693 |01:00:56 ~-~-> 01:01:00 |worry about what any particular price it on any DOM is going to be any factor for
695 |694 |01:01:00 ~-~-> 01:01:05 |you. No, it isn't. It's not needed. Because you can clearly see at this
696 |695 |01:01:05 ~-~-> 01:01:12 |level here 16,120 Has buyside or biceps resting above it. Because it's smooth.
697 |696 |01:01:13 ~-~-> 01:01:16 |You don't need a depth of market, you don't need level two data. You don't
698 |697 |01:01:16 ~-~-> 01:01:20 |need a market map or book map or anything else out there. To do this.
699 |698 |01:01:21 ~-~-> 01:01:26 |It's all on one chart. One timeframe. It's the 15 minute timeframe. Okay, the
700 |699 |01:01:26 ~-~-> 01:01:33 |same thing we see. What is this over here? Are they smooth? These are smooth.
701 |700 |01:01:34 ~-~-> 01:01:40 |These are smooth. It's all part of that same consolidation, isn't it? What do we
702 |701 |01:01:40 ~-~-> 01:01:45 |have right there? It stepped outside of it. Did it stay there? No. Did it
703 |702 |01:01:45 ~-~-> 01:01:51 |retreat away from it? Yes. But we're going into the time what time 830. But
704 |703 |01:01:51 ~-~-> 01:01:55 |there's no news coming out. 830. Michael, it doesn't fucking matter.
705 |704 |01:01:55 ~-~-> 01:01:58 |Because 830 is when the algorithm is going to do it. It doesn't matter if
706 |705 |01:01:58 ~-~-> 01:02:01 |there's no news there doesn't matter if your economic calendar says there's a
707 |706 |01:02:01 ~-~-> 01:02:06 |medium impact news driver, or low impact news driver or a high impact news driver
708 |707 |01:02:06 ~-~-> 01:02:13 |is going to start running based on that time of day. Now, that means, Okay,
709 |708 |01:02:13 ~-~-> 01:02:20 |listen, friends and neighbors. Listen. If we can look at price like this, we
710 |709 |01:02:20 ~-~-> 01:02:25 |can already come to the conclusion that we want to anticipate and expect and not
711 |710 |01:02:25 ~-~-> 01:02:32 |be fucking surprised when the market goes up at 930 and into the lunch hour.
712 |711 |01:02:32 ~-~-> 01:02:39 |Why? Because it has all of this. And this on a daily chart to reach for
713 |712 |01:02:39 ~-~-> 01:02:43 |remember that December contract is active right now. But it's rolling over?
714 |713 |01:02:43 ~-~-> 01:02:51 |Do they want to leave those individuals that have a stoploss? Up here in before
715 |714 |01:02:51 ~-~-> 01:02:55 |the rollover is completed, and now March is still true now becomes the front
716 |715 |01:02:55 ~-~-> 01:02:59 |month and most active? They're not going to do that. It's most likely not. Let's
717 |716 |01:02:59 ~-~-> 01:03:02 |say let me let me rephrase that, because I've done this one time before, and it
718 |717 |01:03:02 ~-~-> 01:03:06 |didn't pan out. But I want you to hear the logic. This is what I this is what I
719 |718 |01:03:06 ~-~-> 01:03:12 |lean on and as to why I'm doing it. Now. Take away the roller aspect. Say that is
720 |719 |01:03:12 ~-~-> 01:03:16 |not a factor right now. And you're trading at a time where it's weeks or
721 |720 |01:03:16 ~-~-> 01:03:21 |months before the contract is rolling over? No words, we have plenty of time
722 |721 |01:03:21 ~-~-> 01:03:24 |before contract, your trading expires. Okay, take that out. Everything else
723 |722 |01:03:24 ~-~-> 01:03:31 |remains the same. Is that complicated? am I hiding something from it? From you
724 |723 |01:03:31 ~-~-> 01:03:35 |as the student? No, I'm literally simplifying this, the only thing you're
725 |724 |01:03:35 ~-~-> 01:03:41 |doing every single day is determined. On the weekend, you're gonna look at that
726 |725 |01:03:41 ~-~-> 01:03:46 |weekly chart and say, Okay, well, let's do it. It's a lot easier to simply do it
727 |726 |01:03:46 ~-~-> 01:03:53 |right. Let me take these off, we'll go to a weekly chart. All right, here's
728 |727 |01:03:53 ~-~-> 01:04:00 |that high, you see that. This is the December contract is the front month,
729 |728 |01:04:00 ~-~-> 01:04:07 |it's still active. This is where buyside is residing. We went down into a fair
730 |729 |01:04:07 ~-~-> 01:04:08 |value gap between here
731 |730 |01:04:13 ~-~-> 01:04:20 |so it dropped down halfway point, look at the midpoint of that rectangle. And I
732 |731 |01:04:20 ~-~-> 01:04:23 |got a question in the comment section. I'm glad that this did this. One of my
733 |732 |01:04:24 ~-~-> 01:04:28 |students asked how do I get that little horizontal line in the rectangle. When
734 |733 |01:04:28 ~-~-> 01:04:34 |you go to the rectangle properties go to style middle line. If you toggle that
735 |734 |01:04:34 ~-~-> 01:04:39 |it'll put the line in here and see how it goes right down the middle. Perfect.
736 |735 |01:04:40 ~-~-> 01:04:45 |That's algorithmic that's not harmonic fucking. So by side liquidity here.
737 |736 |01:04:46 ~-~-> 01:04:51 |That's my, my understanding and my expectation is they're going to run for
738 |737 |01:04:51 ~-~-> 01:04:56 |that level not because that is Ohioans resistance, but because there's orders
739 |738 |01:04:56 ~-~-> 01:05:01 |up there. There's an interest to get out of the market that are long By and large
740 |739 |01:05:01 ~-~-> 01:05:06 |funds absolutely have liquidity in the form of a buy stop right there, because
741 |740 |01:05:06 ~-~-> 01:05:11 |they're trying to do what they're trying to ride down long, sustained price runs.
742 |741 |01:05:12 ~-~-> 01:05:15 |And they're not trailing our stop loss here, here, here. They don't trade like
743 |742 |01:05:15 ~-~-> 01:05:21 |that. There's many models that run on a large fund level, that they never move
744 |743 |01:05:21 ~-~-> 01:05:25 |their stop, because they have a long term trend following model. They don't
745 |744 |01:05:25 ~-~-> 01:05:27 |want to be babysitting it, they don't need to, because even if they do get
746 |745 |01:05:27 ~-~-> 01:05:32 |stopped out, over time, I'll give you a perfect example, the Turtles, their
747 |746 |01:05:32 ~-~-> 01:05:38 |accuracy sucked. It was atrocious. But they had sustained price runs that they
748 |747 |01:05:38 ~-~-> 01:05:41 |could be participants of. And that's what carried them through. So they had
749 |748 |01:05:41 ~-~-> 01:05:46 |very, very low strike, right? That means the accuracy of their trades were very
750 |749 |01:05:46 ~-~-> 01:05:51 |low. But their winners when they were winners were huge. They would catch I
751 |750 |01:05:51 ~-~-> 01:05:54 |mean, well think about it like this, if they went short here, you went short
752 |751 |01:05:54 ~-~-> 01:05:57 |here, and you wrote it all down here. Forget what I'm talking about here in
753 |752 |01:05:57 ~-~-> 01:06:01 |terms of not showing stop loss. But if that was a sustained run over the course
754 |753 |01:06:01 ~-~-> 01:06:06 |of months, not weeks, even though it is months, but say each one of these was
755 |754 |01:06:06 ~-~-> 01:06:11 |represented by a month. That gives them the opportunity should they trade to a
756 |755 |01:06:11 ~-~-> 01:06:17 |target or objective is met, they can be taken down huge, huge harvest of
757 |756 |01:06:17 ~-~-> 01:06:23 |profits, millions of dollars. And they can afford to take losses of 1020 30,000
758 |757 |01:06:23 ~-~-> 01:06:27 |our losses in the grand scheme of thing because if they're taking millions of
759 |758 |01:06:27 ~-~-> 01:06:31 |dollars out when they win, are you going to lose sleep over that, even if your
760 |759 |01:06:31 ~-~-> 01:06:39 |accuracy is less than 20%? Think about. So. Anyway, the point is my analysis
761 |760 |01:06:39 ~-~-> 01:06:43 |this weekend while I was sitting outside looking and hoping it would get away
762 |761 |01:06:43 ~-~-> 01:06:49 |Christmas. The the chariot was telling me I want to focus on this high as a
763 |762 |01:06:49 ~-~-> 01:06:53 |drain on liquidity for the weekly chart. So right away is does ICT want to go
764 |763 |01:06:53 ~-~-> 01:06:56 |short this week? Hell no, I don't want to go short. I don't want to be short, I
765 |764 |01:06:56 ~-~-> 01:07:03 |don't want to look for anything short. But I have to be aware of what that high
766 |765 |01:07:03 ~-~-> 01:07:06 |right there that failed to get there the first time I tried. So this high here is
767 |766 |01:07:06 ~-~-> 01:07:11 |important. So these two levels you would have on your chart, these are very
768 |767 |01:07:11 ~-~-> 01:07:17 |significant price levels that you have to have the awareness of I have a
769 |768 |01:07:17 ~-~-> 01:07:20 |notepad, it's a simple little tiny little yellow notepad I've shown it
770 |769 |01:07:20 ~-~-> 01:07:25 |before. I'm not going into the business of showing you what I'm writing because
771 |770 |01:07:25 ~-~-> 01:07:30 |every single time I mentioned this new Pat, you think I have something secret
772 |771 |01:07:30 ~-~-> 01:07:33 |written down on and the only thing I have written down at or are specific
773 |772 |01:07:33 ~-~-> 01:07:38 |levels that I'm highlighting, just like I'm showing you here. Instead of having
774 |773 |01:07:38 ~-~-> 01:07:42 |it on my chart, I'm writing down the levels that are shown.
775 |774 |01:07:50 ~-~-> 01:07:58 |The blue lines, see the levels they are. But levels at 16,000 208 50 were like at
776 |775 |01:07:58 ~-~-> 01:08:02 |that level from that I posted on the Community tab there. It's important to
777 |776 |01:08:02 ~-~-> 01:08:07 |me, this should be traded above it. This is where I think that we're going to go
778 |777 |01:08:07 ~-~-> 01:08:13 |for for the week. See that. So there is a drop in liquidity down looking for
779 |778 |01:08:13 ~-~-> 01:08:19 |that may be a factor doesn't mean it's a have to have a go there. It doesn't have
780 |779 |01:08:19 ~-~-> 01:08:24 |to go to these levels, if it's used for the context of a intraday objective or
781 |780 |01:08:24 ~-~-> 01:08:28 |session. Like if I'm trading the morning session indices. Or if I'm trading the
782 |781 |01:08:28 ~-~-> 01:08:33 |afternoon session and the indices, I have an objective I'm reaching for. But
783 |782 |01:08:33 ~-~-> 01:08:38 |when I execute my trades do not have a dependency on that target being met
784 |783 |01:08:38 ~-~-> 01:08:43 |before I'm profitable. I'm gonna say that again, because for some of you that
785 |784 |01:08:43 ~-~-> 01:08:47 |are new and went right over your head, there is a best case scenario objective
786 |785 |01:08:47 ~-~-> 01:08:52 |or target that I believe that the market will want to reach for, I do not need it
787 |786 |01:08:52 ~-~-> 01:08:59 |to get to that level before I profit. I'm looking to engage price. With that
788 |787 |01:08:59 ~-~-> 01:09:04 |in mind as a draw for price. It's like a magnet, it'll it'll pull price towards
789 |788 |01:09:04 ~-~-> 01:09:09 |that level. And it matters not to me as the trader if it trades to it. Now, what
790 |789 |01:09:09 ~-~-> 01:09:15 |does that do? It removes all of the fear about being wrong. And the importance of
791 |790 |01:09:15 ~-~-> 01:09:22 |being right. It's completely canceled out. I'm trading with probability it
792 |791 |01:09:22 ~-~-> 01:09:26 |might go there is a large degree of probability that that pool of liquidity
793 |792 |01:09:26 ~-~-> 01:09:29 |above are high or relatively equal highs or something to that effect. If I'm
794 |793 |01:09:29 ~-~-> 01:09:33 |bullish. It might reach there. It might reach this high today, it might. But
795 |794 |01:09:33 ~-~-> 01:09:37 |guess what, my example I showed this morning, I'm going to walk you through
796 |795 |01:09:37 ~-~-> 01:09:44 |didn't require that and still was profitable demo, because I'm teaching it
797 |796 |01:09:45 ~-~-> 01:09:49 |when I'm not teaching and I'm quiet and I'm showing examples and I'm showing
798 |797 |01:09:49 ~-~-> 01:09:51 |other people out there that claim they make money and then I don't trade with
799 |798 |01:09:51 ~-~-> 01:09:57 |real money. I'm doing it with an amp account I went into I can't remember the
800 |799 |01:09:57 ~-~-> 01:10:03 |name of the company. Give me a second here. I gotta go on my phone like, I'm
801 |800 |01:10:03 ~-~-> 01:10:12 |having a senior moment. Thinkorswim Okay, Thinkorswim I logged in I showed
802 |801 |01:10:12 ~-~-> 01:10:15 |three months of trading. Okay, everybody that's out there crowing about how I
803 |802 |01:10:15 ~-~-> 01:10:19 |don't ever show a Live account I've never showed statements are never show a
804 |803 |01:10:19 ~-~-> 01:10:24 |loss. Go in there and ask your guru to go in and show the last three months of
805 |804 |01:10:24 ~-~-> 01:10:27 |their trading. They're gonna fucking clam up and shut up and probably block
806 |805 |01:10:27 ~-~-> 01:10:32 |and being you. Okay? Every question everyone's ever asked of me. I've done
807 |806 |01:10:32 ~-~-> 01:10:35 |it. And now I'm going in the Robins cup, and I'm gonna fucking win Robins cup and
808 |807 |01:10:35 ~-~-> 01:10:38 |2020 forced to shut your fucking mouth coming in here and compete against me if
809 |808 |01:10:38 ~-~-> 01:10:41 |you got something to say, because this is your last time to do it. This is your
810 |809 |01:10:41 ~-~-> 01:10:47 |last time to do it. But there has to be a rule based idea on what you're trying
811 |810 |01:10:47 ~-~-> 01:10:50 |to do every single day. And if you don't stick to that rule based idea, you're
812 |811 |01:10:50 ~-~-> 01:10:57 |gonna wing it all the time. And when you get lucky, lucky. You're gonna attribute
813 |812 |01:10:57 ~-~-> 01:11:02 |that as skill falsely. And you're gonna go into the market on another impulse.
814 |813 |01:11:03 ~-~-> 01:11:07 |Thinking you're doing something that is skill, but you're not doing anything
815 |814 |01:11:07 ~-~-> 01:11:11 |that has been consistently fallen. There's no rule based idea. There's no
816 |815 |01:11:12 ~-~-> 01:11:16 |protocol being used. You're just winging it, you get a hunch, you fall to my
817 |816 |01:11:16 ~-~-> 01:11:19 |house on social media, oh, they they're doing this. So I think it's gonna go
818 |817 |01:11:19 ~-~-> 01:11:23 |there too. That's why I don't want to teach you that way. Because what that
819 |818 |01:11:23 ~-~-> 01:11:28 |does is it keeps it creates a codependence, I want you to have
820 |819 |01:11:28 ~-~-> 01:11:32 |independence and your ability to reprise and find your own setups and trust, what
821 |820 |01:11:32 ~-~-> 01:11:37 |you're doing is going to lead you to an expectation and result that you're going
822 |821 |01:11:37 ~-~-> 01:11:41 |to be satisfied with and not have a leash or a tethering to me or anyone
823 |822 |01:11:41 ~-~-> 01:11:47 |else. Because that sucks. That That doesn't give you confidence. Because
824 |823 |01:11:47 ~-~-> 01:11:51 |what happens if I said, if I was doing all the time, I was giving you my trades
825 |824 |01:11:51 ~-~-> 01:11:56 |and let you follow me. If I say okay, I'm done. You want to crucify Me and
826 |825 |01:11:56 ~-~-> 01:12:03 |burn me at a steak, because now your income is then cut off. Replace me with
827 |826 |01:12:03 ~-~-> 01:12:05 |anyone else that you're trying to follow for signals, because that's exactly what
828 |827 |01:12:05 ~-~-> 01:12:09 |you do, you're placing yourself in a position where you're dependent on them
829 |828 |01:12:09 ~-~-> 01:12:13 |constantly feeding you just like your employer, fuck them, you want to be
830 |829 |01:12:13 ~-~-> 01:12:17 |independent, you want to get away from them, you want to get away from them and
831 |830 |01:12:17 ~-~-> 01:12:21 |have your own mindset, your own ability to follow the rules that you've grown
832 |831 |01:12:21 ~-~-> 01:12:25 |accustomed to trusting. They served you well in the past. So therefore, you're
833 |832 |01:12:25 ~-~-> 01:12:28 |going to trust them just like you trust the route, you take the work every
834 |833 |01:12:28 ~-~-> 01:12:32 |single day, you have a favorite route, you drive to work every single day, you
835 |834 |01:12:32 ~-~-> 01:12:35 |might have a detour, there might be something going on that you get jerked
836 |835 |01:12:35 ~-~-> 01:12:39 |out of your your comfort level, you got to pick another route to get there. But
837 |836 |01:12:39 ~-~-> 01:12:42 |you can still find your way to work, right? Well, that's why I have more than
838 |837 |01:12:42 ~-~-> 01:12:49 |one model. I have a model that I love. I have a model that most every single day
839 |838 |01:12:49 ~-~-> 01:12:57 |will appear in some capacity or another. And if I don't get that one, it doesn't
840 |839 |01:12:57 ~-~-> 01:13:00 |mean I can't take a trade. It just means that oh, okay, I can't use that one. Or
841 |840 |01:13:00 ~-~-> 01:13:05 |if I get in from the charts. And I miss a move. Okay, for instance, I was at the
842 |841 |01:13:05 ~-~-> 01:13:09 |dentist's office with my son. And well, hopefully I've already communicated
843 |842 |01:13:09 ~-~-> 01:13:12 |this. Okay, so this is a daily objective, because we're real close to
844 |843 |01:13:12 ~-~-> 01:13:15 |it. And then for the week, I think that we're reaching up to here, it doesn't
845 |844 |01:13:15 ~-~-> 01:13:18 |need to go to either one of these for meeting profitable. That's, that's what
846 |845 |01:13:18 ~-~-> 01:13:24 |I'm getting at. Okay, so now go back down to a 15 timeframe. And that should
847 |846 |01:13:24 ~-~-> 01:13:36 |take me back into the 15 1515 timeframe, rather. I wasn't in front of the charts.
848 |847 |01:13:37 ~-~-> 01:13:40 |And I wasn't going to try to execute anything from my phone because I was
849 |848 |01:13:40 ~-~-> 01:13:44 |getting questioned by the dentist. Do I want to do this for my son? Or do I want
850 |849 |01:13:44 ~-~-> 01:13:48 |to have this procedure done? Do I want to have this teeth sealed all kinds of
851 |850 |01:13:48 ~-~-> 01:13:53 |stuff. So I knew if I entered something, and they would ask me questions, it
852 |851 |01:13:53 ~-~-> 01:14:00 |would distract me and I can't do that. And trade. I gotta have my peace of mind
853 |852 |01:14:00 ~-~-> 01:14:06 |and not having my messing with me. So had I been in front of the charts. Okay,
854 |853 |01:14:06 ~-~-> 01:14:10 |using all this logic. We're in here expecting what 830 is gonna start the
855 |854 |01:14:10 ~-~-> 01:14:15 |clock, it's gonna start running. So you have that one hour window prior to what?
856 |855 |01:14:15 ~-~-> 01:14:21 |The opening bell at what 930 New York local time. So right here on this
857 |856 |01:14:21 ~-~-> 01:14:28 |candle. That's the 930 candle. Don't worry about time you say? Well, there's
858 |857 |01:14:28 ~-~-> 01:14:32 |your there's your volatility coming in. What's it running for on that one single
859 |858 |01:14:32 ~-~-> 01:14:37 |candle on a 15 timeframe? What's it running rate for? Where retail thinks
860 |859 |01:14:37 ~-~-> 01:14:43 |they're safe? They're safe right here they think. No, no, no, no. Despite what
861 |860 |01:14:43 ~-~-> 01:14:50 |your bedtime story tells you. There are monsters under the bed. There's monsters
862 |861 |01:14:50 ~-~-> 01:14:55 |in the closet. And they're going to come out and snatch your ass up despite
863 |862 |01:14:55 ~-~-> 01:14:58 |whether you believe in them or not, because that's what this market does it
864 |863 |01:14:58 ~-~-> 01:15:03 |cannibalizes Whether you want to accept it or not, you like to walk in here and
865 |864 |01:15:03 ~-~-> 01:15:07 |think it's a sporting event, you want to have analogies that make it seem like
866 |865 |01:15:07 ~-~-> 01:15:11 |you're running a race. You're climbing a mountain, it's all great. It's
867 |866 |01:15:11 ~-~-> 01:15:17 |independent sport. It's wonderful. It's not It's fucking war. Okay, if you're on
868 |867 |01:15:17 ~-~-> 01:15:22 |the other side of my trade, I want you to be dashed on rocks, because I want
869 |868 |01:15:22 ~-~-> 01:15:25 |your money. And you're gonna take that sound clip and place it in things that
870 |869 |01:15:25 ~-~-> 01:15:29 |are out of context. But that's the mindset I have anybody that's on the
871 |870 |01:15:29 ~-~-> 01:15:36 |other side of my trade, I want them to be wrong. Why? Because for me to be
872 |871 |01:15:36 ~-~-> 01:15:42 |profitable, I have to have someone take the other side of that trade. That is an
873 |872 |01:15:42 ~-~-> 01:15:50 |opposing view. Now, for people that take this, and you think, well, that causes a
874 |873 |01:15:50 ~-~-> 01:15:55 |moral dilemma for me, because, you know, my belief, my, my faith, my religion, my
875 |874 |01:15:55 ~-~-> 01:15:59 |whatever, says that I shouldn't do that to people. Well, here's how I get around
876 |875 |01:15:59 ~-~-> 01:16:04 |this. Okay? The parable of talents. And I'm not going to be preaching, but I
877 |876 |01:16:04 ~-~-> 01:16:09 |just want to answer this because it has been brought up many times. If you read
878 |877 |01:16:09 ~-~-> 01:16:14 |it, the person that just buried the talent and didn't do anything, they were
879 |878 |01:16:14 ~-~-> 01:16:20 |chastised and said, Listen, you should have at least put it into the bank, or
880 |879 |01:16:20 ~-~-> 01:16:24 |the equivalent, so that way, they can get usury or interest on it. But they
881 |880 |01:16:24 ~-~-> 01:16:29 |didn't do that. So that means you're investing. So when you invest in a 401 k
882 |881 |01:16:29 ~-~-> 01:16:34 |does that 401k had a guaranteed outcome and profitability, Fuck no, nobody has
883 |882 |01:16:34 ~-~-> 01:16:40 |that. But what are you doing? You're investing, you're placing an investment
884 |883 |01:16:40 ~-~-> 01:16:44 |in there? What does the farmer do? When he's out there planting all of his crops
885 |884 |01:16:44 ~-~-> 01:16:47 |and stuff? He's doing what he's making an investment? Does he know he's gonna
886 |885 |01:16:47 ~-~-> 01:16:52 |have a bumper crop? No. So is that gambling that he's planting and trying
887 |886 |01:16:52 ~-~-> 01:16:58 |to put put forth and effort to multiply what he's been given? No, of course not.
888 |887 |01:16:58 ~-~-> 01:17:02 |He's not gambling, he's investing. So when you listen to these people in the
889 |888 |01:17:02 ~-~-> 01:17:07 |pulpit start to preach and teach to give you them 10% Of the of your money. But
890 |889 |01:17:07 ~-~-> 01:17:13 |trading is sin. They're a liar, they are a liar, and they are a wolf in sheep's
891 |890 |01:17:13 ~-~-> 01:17:16 |clothing. Okay, I have no problem with trading, I have no problem with
892 |891 |01:17:16 ~-~-> 01:17:25 |investing. But I have to understand and respect the the food chain here, okay.
893 |892 |01:17:26 ~-~-> 01:17:30 |When you first start to do this, you're going to be a losing trader most of the
894 |893 |01:17:30 ~-~-> 01:17:31 |time.
895 |894 |01:17:32 ~-~-> 01:17:37 |Now, the way I sleep at night is I look at it when I win and someone else's lost
896 |895 |01:17:37 ~-~-> 01:17:42 |the other side of that trade. I tell myself, there are novice though, either
897 |896 |01:17:42 ~-~-> 01:17:45 |learn from it, or they'll be smart and stop doing it all together. That's how I
898 |897 |01:17:45 ~-~-> 01:17:49 |work it out with my mind, that may not work for you. But that's my answer for
899 |898 |01:17:49 ~-~-> 01:17:53 |okay, I don't feel bad for the people that lost the money because they signed
900 |899 |01:17:53 ~-~-> 01:17:58 |the same risk disclosure that I did when I opened up my live accounts that you
901 |900 |01:17:58 ~-~-> 01:18:01 |don't ever read them. You go into you're gonna be right all the time. And that's
902 |901 |01:18:01 ~-~-> 01:18:05 |not practical. That's not realistic. Okay? That's why I never sugarcoat
903 |902 |01:18:05 ~-~-> 01:18:08 |anything. And for people that come here, and they hear it, talk to them like
904 |903 |01:18:08 ~-~-> 01:18:11 |this, it's like, well, I want to go to somebody else's gonna tickle my ears and
905 |904 |01:18:11 ~-~-> 01:18:14 |put a feather on my ass and make me feel like I'm gonna win all the time. Well,
906 |905 |01:18:14 ~-~-> 01:18:17 |that doesn't work like this, the real world's going to be very harsh. It's
907 |906 |01:18:17 ~-~-> 01:18:20 |going to take something from you every single day. Whether it be confidence,
908 |907 |01:18:21 ~-~-> 01:18:26 |money, hope, it's going to instill fear. This is war. This is exactly what goes
909 |908 |01:18:26 ~-~-> 01:18:30 |on all the time. But books aren't written like that, because they want you
910 |909 |01:18:30 ~-~-> 01:18:34 |to do what feel good about the author. I don't give a shit if you'd like me, I'm
911 |910 |01:18:34 ~-~-> 01:18:37 |telling you what this market is going to do, why it's going to do it, why it will
912 |911 |01:18:37 ~-~-> 01:18:42 |do it consistently in the future without me talking about anymore. That's what
913 |912 |01:18:42 ~-~-> 01:18:46 |you should want to have, as an educator you want someone's going to tell you cut
914 |913 |01:18:46 ~-~-> 01:18:50 |through the bullshit, please tell me what I got to focus on. And how am I
915 |914 |01:18:50 ~-~-> 01:18:54 |going to make a mistake? And how can I rectify that or prevent myself from
916 |915 |01:18:54 ~-~-> 01:18:59 |repeating that same over and over effect where most traders that are retail never
917 |916 |01:18:59 ~-~-> 01:19:02 |acknowledged that they're wrong? They never acknowledged it? They are the
918 |917 |01:19:02 ~-~-> 01:19:06 |problem. It's always the system. It's the person they followed their logic.
919 |918 |01:19:06 ~-~-> 01:19:12 |It's flawed. No, it's you being stupid and impatient, just like I was when I
920 |919 |01:19:12 ~-~-> 01:19:15 |first started. I was foolish and thinking I was gonna have to do it right
921 |920 |01:19:15 ~-~-> 01:19:18 |away. I went in there started trading with real money in one month of reading
922 |921 |01:19:18 ~-~-> 01:19:22 |a raggedy ass book that had no basis of knowing what the markets gonna do. But I
923 |922 |01:19:22 ~-~-> 01:19:29 |believe the bullshit. I believed the bullshit. And I went in there and the
924 |923 |01:19:29 ~-~-> 01:19:34 |first trade I lost 50% of what I put up, and that scares the hell out of me. So
925 |924 |01:19:34 ~-~-> 01:19:37 |it forced me to go back and say, Okay, I gotta know what's going on. And one of
926 |925 |01:19:37 ~-~-> 01:19:43 |the biggest epiphanies I had was, the markets run on a time based delivery
927 |926 |01:19:43 ~-~-> 01:19:49 |schedule. That means you could set your clocks to win these market moves are
928 |927 |01:19:49 ~-~-> 01:19:54 |going to manifest themselves. And if you limit t your trades, to the specific
929 |928 |01:19:54 ~-~-> 01:19:59 |times of the day, and if you get a win, and you get out of that trade, whether
930 |929 |01:19:59 ~-~-> 01:20:11 |it's premature Are not you stop? You stop. Okay. One of the questions that
931 |930 |01:20:11 ~-~-> 01:20:15 |come up a lot is how do I, how do I hold on to a trade? Like, how do I hold on to
932 |931 |01:20:15 ~-~-> 01:20:20 |a running trade? Well, immediately, it was no way I was gonna be able to feel
933 |932 |01:20:20 ~-~-> 01:20:25 |comfortable managing what I put on this morning as our outline and show to you.
934 |933 |01:20:26 ~-~-> 01:20:29 |But I traveled time to get to the dentist, I knew I was gonna be asked a
935 |934 |01:20:29 ~-~-> 01:20:33 |lot of questions. And I didn't wanna have the phone in front of me, managing
936 |935 |01:20:33 ~-~-> 01:20:36 |a demo trade of all things in front of the dentist, that's going to be asking
937 |936 |01:20:36 ~-~-> 01:20:39 |me questions about my son, which is going to be rude. So I set it up, where
938 |937 |01:20:39 ~-~-> 01:20:42 |I knew I was going to likely run to the objectives, I'm going to walk you
939 |938 |01:20:42 ~-~-> 01:20:46 |through what those limit orders were posted at why I chose them, I'm going to
940 |939 |01:20:46 ~-~-> 01:20:49 |explain everything. But it's really important that these parts of the
941 |940 |01:20:49 ~-~-> 01:20:54 |conversation that you don't want to listen to, this is the mindset part.
942 |941 |01:20:55 ~-~-> 01:20:58 |This is why I know when everybody else talks shit about what I teach and what I
943 |942 |01:20:58 ~-~-> 01:21:04 |do and what I know. And I can do next week, next year, even 25 years of the
944 |943 |01:21:04 ~-~-> 01:21:08 |Lord giving that much time, this stuff is gonna work the same way. How am I
945 |944 |01:21:08 ~-~-> 01:21:12 |confident about that? Because I know what I know. You don't even know what
946 |945 |01:21:12 ~-~-> 01:21:17 |you don't know. So how are you going to argue that. So you're you're standing on
947 |946 |01:21:17 ~-~-> 01:21:24 |a position. That is ignorance, you have ignorance, you have no experience. And
948 |947 |01:21:24 ~-~-> 01:21:26 |you're trying to convince yourself, don't bother trying to learn this.
949 |948 |01:21:27 ~-~-> 01:21:31 |Because you're probably going to fail. And until you get over overcome that,
950 |949 |01:21:31 ~-~-> 01:21:35 |you're not going to be a trader, not one more thing, anything in terms of
951 |950 |01:21:35 ~-~-> 01:21:39 |profitability, you're gonna fail, because you've talked yourself out of
952 |951 |01:21:39 ~-~-> 01:21:43 |it. And a trader that's going to be profitable, they already see the end
953 |952 |01:21:43 ~-~-> 01:21:48 |result. Like I know, when I'm looking at the market, I know what I think the
954 |953 |01:21:48 ~-~-> 01:21:55 |market should do. And I have to submit to what time I gotta give it time. But I
955 |954 |01:21:55 ~-~-> 01:21:58 |also have to be in front of that chart at the time when that market moves going
956 |955 |01:21:58 ~-~-> 01:22:05 |to begin. Because they're all time based delivery. We're in this consolidation.
957 |956 |01:22:06 ~-~-> 01:22:10 |We walk through the idea that this is too smooth. So it's going to run for
958 |957 |01:22:10 ~-~-> 01:22:13 |that boss that liquidity. So if it's going to go above here, how far can it
959 |958 |01:22:13 ~-~-> 01:22:18 |go past that ICT? Well, that was where this level came from. Remember, we were
960 |959 |01:22:18 ~-~-> 01:22:23 |looking at the weekly chart. That's what this level was up here. So 16,000, I'm
961 |960 |01:22:23 ~-~-> 01:22:29 |sorry, that's the daily chart, there's another level of past that. Results.
962 |961 |01:22:29 ~-~-> 01:22:34 |Here you go. 16,002 64. That's the weekly objective. So in my mind, when I
963 |962 |01:22:34 ~-~-> 01:22:38 |was looking at over the weekend, I felt that we could try to challenge that high
964 |963 |01:22:38 ~-~-> 01:22:43 |here, maybe before the contract expires for December. But it doesn't have to do
965 |964 |01:22:43 ~-~-> 01:22:48 |that. I got to take you back to this, okay, it does not need to trade this
966 |965 |01:22:48 ~-~-> 01:22:52 |level here for me to be profitable. It never needs to go to that level up here
967 |966 |01:22:53 ~-~-> 01:22:58 |for me to be profitable. So when you're taking trades, and when you're trying to
968 |967 |01:22:58 ~-~-> 01:23:02 |engage the marketplace, and you're putting on an entry, hopefully using a
969 |968 |01:23:02 ~-~-> 01:23:07 |stoploss. And you're putting a target in are you using the hardest target to
970 |969 |01:23:07 ~-~-> 01:23:12 |reach for as your objective to get out at? Or are you using a low hanging fruit
971 |970 |01:23:12 ~-~-> 01:23:17 |objective? Based on your analysis, skill set that you have right now at the time
972 |971 |01:23:17 ~-~-> 01:23:21 |of listening to me, whether you use my logic or if you use somebody else's
973 |972 |01:23:21 ~-~-> 01:23:26 |horseshit, whatever it is that you're doing as a trader, whatever that is, are
974 |973 |01:23:26 ~-~-> 01:23:32 |you demanding the highest degree of profitability for that trade to yield
975 |974 |01:23:32 ~-~-> 01:23:37 |you your only profit? Because if that's what you're doing, you're doing it
976 |975 |01:23:37 ~-~-> 01:23:42 |wrong. You're absolutely doing it wrong. Because what you're saying is, in your
977 |976 |01:23:42 ~-~-> 01:23:46 |ignorance, in your infancy as a trader, you don't have very much experience.
978 |977 |01:23:46 ~-~-> 01:23:51 |You're trying to make this harder than it has to be learn. You're demanding an
979 |978 |01:23:51 ~-~-> 01:23:56 |Olympic level result, a gold medal result, while you're a novice, while
980 |979 |01:23:56 ~-~-> 01:24:00 |you're a neophyte. I mean, you don't really know anything about yourself as a
981 |980 |01:24:00 ~-~-> 01:24:04 |trader, let alone what the market is going to do. So you have to give
982 |981 |01:24:04 ~-~-> 01:24:12 |yourself room to grow and bloom where you're planted. So that means Yeah, you
983 |982 |01:24:12 ~-~-> 01:24:15 |might see the same objective here. You might have looked at this level here,
984 |983 |01:24:16 ~-~-> 01:24:20 |wonderful. But in the beginning, you don't have the wherewithal to hold on to
985 |984 |01:24:20 ~-~-> 01:24:24 |it. So how do you how do you get that? You have to grow into it through growing
986 |985 |01:24:24 ~-~-> 01:24:31 |pains, taking off the trade before as it reaches into it, and then watching and
987 |986 |01:24:31 ~-~-> 01:24:35 |seeing what it does afterwards? Oh, it did go there. Okay, what does that do?
988 |987 |01:24:35 ~-~-> 01:24:39 |Number one, it removes the pain of being wrong. If you are, you've paid yourself
989 |988 |01:24:39 ~-~-> 01:24:43 |with a partial. You participated in a move that you did analysis on, and
990 |989 |01:24:43 ~-~-> 01:24:48 |you've removed any possibility for you to feel the sting of being the wrong
991 |990 |01:24:48 ~-~-> 01:24:53 |sign of it. But you can still appreciate you being wrong if it never reaches
992 |991 |01:24:53 ~-~-> 01:24:59 |there, but you did what you made money for you have a positive result. You see
993 |992 |01:24:59 ~-~-> 01:25:02 |the difference between a lesson huge paradigm shift in that retail traders
994 |993 |01:25:02 ~-~-> 01:25:07 |don't tap into because most of these retail teachers and educators are full
995 |994 |01:25:07 ~-~-> 01:25:10 |of shit. They don't make any money. They don't know how to trade. And that's why
996 |995 |01:25:10 ~-~-> 01:25:13 |they write books. That's why they sell courses and they still sell courses,
997 |996 |01:25:13 ~-~-> 01:25:17 |they still sell courses, they still sell courses. Because that's where their
998 |997 |01:25:17 ~-~-> 01:25:26 |income comes from. Think, think if the ship that they do is so good, wouldn't
999 |998 |01:25:26 ~-~-> 01:25:31 |they be doing it? Wouldn't they be out here showing you it consistently? What
1000 |999 |01:25:31 ~-~-> 01:25:37 |may have students that are popping up all the time? Doing the same stuff? Yes,
1001 |1000 |01:25:37 ~-~-> 01:25:42 |they would. But most of the authors I bought books from have none of those
1002 |1001 |01:25:42 ~-~-> 01:25:47 |things. They don't even have examples where they've done it, they just talk
1003 |1002 |01:25:47 ~-~-> 01:25:50 |about it in hindsight, pointing to something that here, here here. And
1004 |1003 |01:25:50 ~-~-> 01:25:54 |there's a stage in your learning that that's important. When I teach, and I
1005 |1004 |01:25:54 ~-~-> 01:25:57 |tell my students to back test, that's exactly what you're doing. You're
1006 |1005 |01:25:57 ~-~-> 01:26:01 |looking at hindsight moves. Looking at the framework and what the market has
1007 |1006 |01:26:01 ~-~-> 01:26:05 |done, what didn't utilize it, use a fair value, get us an order block and run
1008 |1007 |01:26:05 ~-~-> 01:26:09 |liquidity before it ran there, you know, reach for a single high or relatively
1009 |1008 |01:26:09 ~-~-> 01:26:14 |equal high did it reach for a single low or relatively equal lows. When you're
1010 |1009 |01:26:14 ~-~-> 01:26:17 |looking for liquidity, there's only two things you're looking for folks. Don't
1011 |1010 |01:26:17 ~-~-> 01:26:23 |two things, a single or a double point of resistance or support, because that's
1012 |1011 |01:26:23 ~-~-> 01:26:25 |what you're attacking, you're not trading Support Resistance, you're
1013 |1012 |01:26:25 ~-~-> 01:26:29 |fucking running through it, like the swat at the door of the drug dealers,
1014 |1013 |01:26:29 ~-~-> 01:26:33 |okay? You smash through the doors of resistance, you're smashing through the
1015 |1014 |01:26:33 ~-~-> 01:26:41 |doors of support. I do not trade support resistance, I attack it. I look at it
1016 |1015 |01:26:41 ~-~-> 01:26:45 |from the lens that retail traders trust these levels. And because they're
1017 |1016 |01:26:45 ~-~-> 01:26:47 |stupid, and they don't know anything, just like I didn't know shit when I
1018 |1017 |01:26:47 ~-~-> 01:26:50 |first started. And I'm not trying to be condescending to someone that are new. I
1019 |1018 |01:26:50 ~-~-> 01:26:54 |had no business getting in there with real money trading one month after
1020 |1019 |01:26:54 ~-~-> 01:26:59 |reading a raggedy ass book. That's us talking to you, the guy that can do all
1021 |1020 |01:26:59 ~-~-> 01:27:02 |this stuff and tell you before it happens on it and do executions. It's
1022 |1021 |01:27:03 ~-~-> 01:27:09 |great. I started prematurely stupidly, because I wanted to make money fast.
1023 |1022 |01:27:10 ~-~-> 01:27:14 |And that's exactly what most of you are listening to me for. And other people.
1024 |1023 |01:27:14 ~-~-> 01:27:19 |You want to learn how to make money fast. And I'm telling you, you need to
1025 |1024 |01:27:19 ~-~-> 01:27:24 |learn how to make money slowly. Because you don't know who you are as a trader,
1026 |1025 |01:27:24 ~-~-> 01:27:27 |you don't know what you're going to do to hurt yourself. There's a gray area
1027 |1026 |01:27:27 ~-~-> 01:27:32 |that no mentor can fill in. Because you have to discover who you are as a as a
1028 |1027 |01:27:33 ~-~-> 01:27:38 |as a derailment. How are you going to derail yourself in your progress?
1029 |1028 |01:27:38 ~-~-> 01:27:40 |Because that's, that's exactly it's gonna happen. There's never been a
1030 |1029 |01:27:40 ~-~-> 01:27:43 |trader ever, not one fucking person. And then you come in and say they didn't.
1031 |1030 |01:27:44 ~-~-> 01:27:51 |They're full of shit. Everybody goes out here and does their own asset. It will
1032 |1031 |01:27:51 ~-~-> 01:27:54 |happen to every one of you. But how are you going to think about yourself when
1033 |1032 |01:27:54 ~-~-> 01:27:57 |you do? Well, you want to fold up and say that's it. I'm done. Never gonna
1034 |1033 |01:27:57 ~-~-> 01:28:05 |trade. So that wasn't in me. I failed a lot. Many, many, many times. Okay, many
1035 |1034 |01:28:05 ~-~-> 01:28:10 |times I failed. I blew lots of accounts. But every single time I blew those
1036 |1035 |01:28:10 ~-~-> 01:28:13 |accounts, I could go back and look and see what I did wrong. And the
1037 |1036 |01:28:13 ~-~-> 01:28:17 |encouragement I had from that was okay. I remember being in that trade, even
1038 |1037 |01:28:17 ~-~-> 01:28:22 |feeling like I needed to close it and reverse it. But I didn't. Why? Because I
1039 |1038 |01:28:22 ~-~-> 01:28:27 |didn't have the experience. But guess what, I can look at that and say I
1040 |1039 |01:28:27 ~-~-> 01:28:30 |should have done that. So now I know when I get to that same instance, where
1041 |1040 |01:28:30 ~-~-> 01:28:34 |I see something in price action. I've been there before I know what it's
1042 |1041 |01:28:34 ~-~-> 01:28:38 |trying to reach for, I will have no problem getting out of the losing
1043 |1042 |01:28:38 ~-~-> 01:28:42 |position. I'm holding, reversing it with half the position I was holding in the
1044 |1043 |01:28:42 ~-~-> 01:28:46 |other side of the trade. And then I will make the loss back many times and then
1045 |1044 |01:28:46 ~-~-> 01:28:51 |make new profit. But I didn't have that ability to see that. And when I first
1046 |1045 |01:28:51 ~-~-> 01:28:54 |started that was something alien to me. I didn't think that was something
1047 |1046 |01:28:54 ~-~-> 01:28:59 |anybody would even want to do. Let alone teaching books because they don't teach
1048 |1047 |01:28:59 ~-~-> 01:29:05 |that. They give you one trick pony mindset. Support Resistance. Look at
1049 |1048 |01:29:05 ~-~-> 01:29:11 |these ratios and Fibonacci, this is harmonic. Bullshit. More shit. Okay,
1050 |1049 |01:29:11 ~-~-> 01:29:14 |bullshit. Because if it was as simple as that, just as simple as Support
1051 |1050 |01:29:14 ~-~-> 01:29:19 |Resistance, everybody would be making money for some of your troops in
1052 |1051 |01:29:19 ~-~-> 01:29:22 |yourself, bro, look at what it's done. It did support resistance here. This
1053 |1052 |01:29:22 ~-~-> 01:29:26 |level here. This low did not even touch this, this hot here. So how's that
1054 |1053 |01:29:26 ~-~-> 01:29:30 |support resistance? I've done many times when I first started to 20 year old, I
1055 |1054 |01:29:30 ~-~-> 01:29:34 |was in here thinking okay, here's support, because it's resistance broken
1056 |1055 |01:29:34 ~-~-> 01:29:38 |here. I'm gonna put my order right down there. I'm gonna try to buy it and it
1057 |1056 |01:29:38 ~-~-> 01:29:43 |did this and I'm punching the air because it ran off without me. How many
1058 |1057 |01:29:43 ~-~-> 01:29:47 |times have you done that? Honestly, I just no way for me to know how many of
1059 |1058 |01:29:47 ~-~-> 01:29:50 |you're actually responding to this. But you know, damn well, you've been there.
1060 |1059 |01:29:51 ~-~-> 01:29:56 |How many trade lines have you drawn diagonal Support Resistance and it never
1061 |1060 |01:29:56 ~-~-> 01:29:59 |reacted off your shit. But the times that you did try to trade that diagonal
1062 |1061 |01:29:59 ~-~-> 01:30:05 |support to rip your ass apart and went right through it. So I learned from that
1063 |1062 |01:30:05 ~-~-> 01:30:08 |and said, Okay, I'm looking for phantom trendlines, I'm looking for those
1064 |1063 |01:30:08 ~-~-> 01:30:12 |instances where retail traders are gonna see that stuff and have faith based
1065 |1064 |01:30:12 ~-~-> 01:30:16 |around it. And they're gonna put their money in there. So if they're gonna put
1066 |1065 |01:30:16 ~-~-> 01:30:20 |their money in there, I know I have a loser on the other side of my trade I'm
1067 |1066 |01:30:20 ~-~-> 01:30:24 |going to take advantage of, and I'll let you wrestle with it, the moral dilemma
1068 |1067 |01:30:24 ~-~-> 01:30:29 |about that I have none. I have zero qualms about that. None whatsoever,
1069 |1068 |01:30:29 ~-~-> 01:30:34 |zero, because I lose, just like they have lost on that trade. Difference is,
1070 |1069 |01:30:35 ~-~-> 01:30:37 |I'm coming back with interest, motherfucker, I'm not going to stop
1071 |1070 |01:30:37 ~-~-> 01:30:40 |trading when they pack up their shit and say I'm not, I'm not going to do this
1072 |1071 |01:30:40 ~-~-> 01:30:43 |anymore. I'm not going to try to do another combine, I'm going to get a
1073 |1072 |01:30:43 ~-~-> 01:30:45 |funded account, and I'm gonna put more money in my live account, I'm not going
1074 |1073 |01:30:45 ~-~-> 01:30:50 |to trade anymore. At a me, I'm not built that way. I'm not built that way. And I
1075 |1074 |01:30:50 ~-~-> 01:30:53 |tried to instill that in my students, whether you'd like the language I use or
1076 |1075 |01:30:53 ~-~-> 01:30:57 |not, it's irrelevant. Because I'm not going to sugarcoat it, I'm going to tell
1077 |1076 |01:30:57 ~-~-> 01:31:00 |you exactly how you should learn it. What you should be thinking about what
1078 |1077 |01:31:00 ~-~-> 01:31:04 |your what the impediments are going to be in front of you many times, because
1079 |1078 |01:31:04 ~-~-> 01:31:07 |you're not the only person that's going through the same thing that I went
1080 |1079 |01:31:07 ~-~-> 01:31:10 |through and everybody else goes through, you're afraid of the you're gonna fail,
1081 |1080 |01:31:10 ~-~-> 01:31:13 |you're afraid is going to take you longer than There you go. We just ran
1082 |1081 |01:31:13 ~-~-> 01:31:19 |through the the high. He never tells it. He never calls it live. He never tells
1083 |1082 |01:31:19 ~-~-> 01:31:23 |you in advance Joker boy, in my comment section, go fuck yourself, because I do
1084 |1083 |01:31:23 ~-~-> 01:31:30 |this every single week, even on vacations. So the point is this. The
1085 |1084 |01:31:30 ~-~-> 01:31:36 |price action is delivered on a time based schedule. Okay, I give you very
1086 |1085 |01:31:36 ~-~-> 01:31:41 |specific key times. It's in the core content. It's it was taught a lot in the
1087 |1086 |01:31:41 ~-~-> 01:31:44 |Twitter spaces that are not on Twitter anymore. But there's a lot of folks that
1088 |1087 |01:31:44 ~-~-> 01:31:49 |have put them on their YouTube channel. I got no problem with that I do have a
1089 |1088 |01:31:49 ~-~-> 01:31:52 |problem. And I've been yakking down other people's channel, and uploads of
1090 |1089 |01:31:52 ~-~-> 01:31:56 |my core content lessons. I'm pulling them down. And when you asked me to take
1091 |1090 |01:31:56 ~-~-> 01:31:59 |the copyright strike back, I'm telling you go fuck yourself, because you don't
1092 |1091 |01:31:59 ~-~-> 01:32:03 |have the right to put my content out there. But Twitter spaces and stuff like
1093 |1092 |01:32:03 ~-~-> 01:32:05 |that you're welcome to do that you are because I don't want them on my channel.
1094 |1093 |01:32:06 ~-~-> 01:32:13 |But in those presentations, for the people that were really there to listen
1095 |1094 |01:32:13 ~-~-> 01:32:22 |and learn, I was dropping down serious, serious gems. Things that I didn't
1096 |1095 |01:32:22 ~-~-> 01:32:27 |really focus on teaching in my mentorship. I was laying it down for the
1097 |1096 |01:32:27 ~-~-> 01:32:32 |first time macros. Oh, you said you were gonna teach. I already taught macros.
1098 |1097 |01:32:32 ~-~-> 01:32:35 |I've already taught them. But you don't want to listen, you don't want to go
1099 |1098 |01:32:35 ~-~-> 01:32:38 |looking for and going through the process of taking the notes. Okay, you
1100 |1099 |01:32:38 ~-~-> 01:32:41 |want to like come around until you have five minutes trainer. They may tell you
1101 |1100 |01:32:41 ~-~-> 01:32:46 |ICT said, you know 1050 to 1110. That's a macro. Okay, what are you gonna fuckin
1102 |1101 |01:32:46 ~-~-> 01:32:53 |do with it? I just saved I just gave you a 10 second concise presentation of it.
1103 |1102 |01:32:54 ~-~-> 01:32:57 |We're gonna do with it. You still have to know what I'm showing you here.
1104 |1103 |01:32:58 ~-~-> 01:33:03 |What's it reaching for? What is it reaching for? What is the market
1105 |1104 |01:33:03 ~-~-> 01:33:08 |reaching for? And if I'm in livestreams, listening to other people who I have a
1106 |1105 |01:33:08 ~-~-> 01:33:10 |great respect for because they're willing to go out there and put their
1107 |1106 |01:33:11 ~-~-> 01:33:15 |opinions out there. Or they're they're telling you they're taking the trade and
1108 |1107 |01:33:15 ~-~-> 01:33:18 |you may not actually see them but they're saying hey, I'm long here. The
1109 |1108 |01:33:18 ~-~-> 01:33:20 |guys that were on top step they'll tell you you have to stick along and over
1110 |1109 |01:33:20 ~-~-> 01:33:26 |anyway like Michael Pataki. You just have to trade here in areas you need to
1111 |1110 |01:33:26 ~-~-> 01:33:29 |get stopped out. He's got no problem. He's telling you he got stopped out into
1112 |1111 |01:33:29 ~-~-> 01:33:32 |loss. What's he doing right after that roll into the next one. And it's there.
1113 |1112 |01:33:33 ~-~-> 01:33:38 |He's trading, okay, he's trading his mind is seeking yield. He's looking for
1114 |1113 |01:33:38 ~-~-> 01:33:45 |the next setup. Okay? It matters not what means of engagement that he uses
1115 |1114 |01:33:45 ~-~-> 01:33:49 |doesn't matter what it is that you're using as a PDF if you're using my
1116 |1115 |01:33:49 ~-~-> 01:33:55 |content whatever one you've grown an association to an affinity for. That's
1117 |1116 |01:33:55 ~-~-> 01:33:57 |the one you're going to trade it doesn't matter what other students are making
1118 |1117 |01:33:57 ~-~-> 01:34:01 |how much money or if they're on the leaderboard of this payout funded
1119 |1118 |01:34:01 ~-~-> 01:34:05 |company or if they're showing you their withdrawals or this much or that much
1120 |1119 |01:34:05 ~-~-> 01:34:10 |that doesn't mean shit to you. You can't spend their fucking money they're not
1121 |1120 |01:34:10 ~-~-> 01:34:13 |going to give you any of that money. So why are you counting pocket change on
1122 |1121 |01:34:13 ~-~-> 01:34:19 |other main results? That dumb if you want to be inspired by that great that
1123 |1122 |01:34:19 ~-~-> 01:34:22 |only happens in the first month or two? Because once you get inspired to do it
1124 |1123 |01:34:22 ~-~-> 01:34:27 |stop looking and counting other people's pocket money you're gonna pocket watch
1125 |1124 |01:34:28 ~-~-> 01:34:30 |you're never gonna pay attention to the with these candlesticks are dealing
1126 |1125 |01:34:30 ~-~-> 01:34:33 |you're never gonna learn how to trade. You will never do that. If you're
1127 |1126 |01:34:33 ~-~-> 01:34:38 |constantly pocket watching other people. What are they doing with their money?
1128 |1127 |01:34:38 ~-~-> 01:34:41 |Who gives a fuck? Who gives a shit what they're doing with their money? Who
1129 |1128 |01:34:41 ~-~-> 01:34:45 |cares? Because you're not going to spend any time driving their car. You're not
1130 |1129 |01:34:45 ~-~-> 01:34:48 |going to spend a night and make sandwiches in their fucking kitchen.
1131 |1130 |01:34:48 ~-~-> 01:34:51 |They're a nice house that they're renting and you're never going to be
1132 |1131 |01:34:51 ~-~-> 01:34:53 |able to wear the watch that they're saying they probably pay too little for
1133 |1132 |01:34:53 ~-~-> 01:34:57 |because it's fake and fraud and Rolex is a piece of shit. Get a Pathak or you've
1134 |1133 |01:34:57 ~-~-> 01:35:03 |got nothing. The point is this Your focus should be primarily on you what
1135 |1134 |01:35:03 ~-~-> 01:35:08 |you're learning today and does it work. That's the first stage, okay. And it's
1136 |1135 |01:35:08 ~-~-> 01:35:14 |free to learn that it only takes about a month to figure out that right away. And
1137 |1136 |01:35:14 ~-~-> 01:35:19 |if you do everything, I suggest that you go in and you look for these signatures
1138 |1137 |01:35:19 ~-~-> 01:35:22 |and price action, you'll be convinced that there's something and keep
1139 |1138 |01:35:22 ~-~-> 01:35:29 |researching in this YouTube channel. And then you will see a lot of different
1140 |1139 |01:35:29 ~-~-> 01:35:34 |things that will really resonate with you. And that's a normal thing. It's
1141 |1140 |01:35:34 ~-~-> 01:35:37 |normal, if you don't like breakers, where if you don't like mitigation
1142 |1141 |01:35:37 ~-~-> 01:35:40 |blocks, or if you don't like the optimal trade entry, it just doesn't resonate
1143 |1142 |01:35:40 ~-~-> 01:35:43 |with you. And all of a sudden, now you'd like to silver bullet? Well, guess what,
1144 |1143 |01:35:44 ~-~-> 01:35:49 |don't look at anything else. Period. Don't watch any other fucking video on
1145 |1144 |01:35:49 ~-~-> 01:35:52 |my YouTube channel that talks about other PDA, right? Because the only thing
1146 |1145 |01:35:52 ~-~-> 01:35:56 |you're going to do is second guess the affinity you have now developed towards
1147 |1146 |01:35:56 ~-~-> 01:35:59 |the silver bullet. And I'm not saying the silver bullet is the best, I'm the
1148 |1147 |01:35:59 ~-~-> 01:36:03 |same. It's the easiest visual representation of how I can teach
1149 |1148 |01:36:03 ~-~-> 01:36:05 |someone to get in the marketplace. And we're gonna talk about in a minute.
1150 |1149 |01:36:06 ~-~-> 01:36:10 |But these are all important factors that you have to have in your mind while
1151 |1150 |01:36:10 ~-~-> 01:36:13 |you're trying to learn how to trade whether it be my stuff or someone
1152 |1151 |01:36:13 ~-~-> 01:36:19 |else's. Because this is what makes the market move. The perceptions of what one
1153 |1152 |01:36:19 ~-~-> 01:36:23 |set of traders that are myopic, or neophytes, they have no idea what
1154 |1153 |01:36:23 ~-~-> 01:36:26 |they're doing. They have no idea what the markets likely to do. They've never
1155 |1154 |01:36:26 ~-~-> 01:36:31 |been here before, or they just started. And they've never had a winning trade.
1156 |1155 |01:36:31 ~-~-> 01:36:35 |And they're sharing their opinion in live streams. Oh, I'm bullish here. I
1157 |1156 |01:36:35 ~-~-> 01:36:39 |think it's ready to crash. Oh, it looks heavy. Oh, it looks toppy or it looks
1158 |1157 |01:36:39 ~-~-> 01:36:45 |like it's getting ready to rip. I love I fucking love seeing that shit in chat
1159 |1158 |01:36:45 ~-~-> 01:36:50 |windows. I love it. Because if I'm looking at the marketplace, and some guy
1160 |1159 |01:36:50 ~-~-> 01:36:54 |or gal in the chat window and another live streamers, shit is talking like
1161 |1160 |01:36:54 ~-~-> 01:36:58 |that. And then they see what Yeah, I think so too. I'm on the I'm on the same
1162 |1161 |01:36:58 ~-~-> 01:37:02 |page as you or Yeah, I think the same thing. I'm doing what you're doing.
1163 |1162 |01:37:02 ~-~-> 01:37:09 |That's herd mentality. I'm a fucking Wolf. I am an apex predator, I want you
1164 |1163 |01:37:09 ~-~-> 01:37:13 |to show me that you have a bad ledge, because I'm going to run your ass down
1165 |1164 |01:37:13 ~-~-> 01:37:18 |and eat your ass. And that's what these live streamers provide for me and
1166 |1165 |01:37:18 ~-~-> 01:37:21 |anybody else that wants to use it. They are the perfect sentiment indicator.
1167 |1166 |01:37:22 ~-~-> 01:37:25 |There's a perfect sentiment and you don't need anything on your chart.
1168 |1167 |01:37:26 ~-~-> 01:37:31 |Nothing except for what you're going to trade. And if I have an opposing myopic
1169 |1168 |01:37:31 ~-~-> 01:37:38 |retail logic trader telling me in the in the public eye that they believe that
1170 |1169 |01:37:38 ~-~-> 01:37:41 |this is going to happen, and it's diametrically opposed to what I
1171 |1170 |01:37:41 ~-~-> 01:37:47 |anticipate in price action. Oh, yes. Yes, indeed. Yes, ma'am. I'm taking that
1172 |1171 |01:37:47 ~-~-> 01:37:55 |trade. Yes, I am. Now, is there a moral dilemma there for you? Because I don't
1173 |1172 |01:37:55 ~-~-> 01:38:03 |feel it. I have no qualms about that at all. None. Why? Because I was just like
1174 |1173 |01:38:03 ~-~-> 01:38:07 |those, those people in that chat window. When I first started, I had no idea what
1175 |1174 |01:38:07 ~-~-> 01:38:10 |I was doing had my head up my ass. I thought I knew everything by reading a
1176 |1175 |01:38:10 ~-~-> 01:38:15 |book that had nothing to do with why price moves. It was based on classic
1177 |1176 |01:38:15 ~-~-> 01:38:19 |bull flags, channel breakouts, all the bullshit that people read John Murphy's
1178 |1177 |01:38:19 ~-~-> 01:38:24 |book, which is the retail traders Bible, you should all read that book and do the
1179 |1178 |01:38:24 ~-~-> 01:38:28 |opposite of everything in fucking says using when I tell you to trade. If you
1180 |1179 |01:38:28 ~-~-> 01:38:33 |do that, there you go buy one book, it's the technical analysis of the financial
1181 |1180 |01:38:33 ~-~-> 01:38:38 |markets by John Murphy. buy that book. Okay, buy that book, pay that man, his
1182 |1181 |01:38:38 ~-~-> 01:38:43 |is his due for reading the book. Okay? Don't go on the internet, get the PDF
1183 |1182 |01:38:43 ~-~-> 01:38:49 |file. Okay. Do this, read it, know what the retail trader is going to be
1184 |1183 |01:38:49 ~-~-> 01:38:55 |thinking. And couple that with how I teach you how price will book price.
1185 |1184 |01:38:58 ~-~-> 01:39:02 |When they're diametrically opposed, you have a 90% likelihood of your trades
1186 |1185 |01:39:02 ~-~-> 01:39:07 |panning out. Now, that's not a 90% likelihood that your targets getting
1187 |1186 |01:39:07 ~-~-> 01:39:11 |hit, it just means that it's going to move opposed to what they think is gonna
1188 |1187 |01:39:11 ~-~-> 01:39:15 |happen. And that's a challenge for you. That's a challenge for you to go out
1189 |1188 |01:39:15 ~-~-> 01:39:18 |there and see if what I just said is real. Because if it's not true, you're
1190 |1189 |01:39:18 ~-~-> 01:39:24 |going to know right away. And there's no need for you to go any further and
1191 |1190 |01:39:24 ~-~-> 01:39:28 |listening to me. But that's what I'm doing all the time. I'm doing that very
1192 |1191 |01:39:28 ~-~-> 01:39:32 |thing. I look at where people think is resistance and support. I run right
1193 |1192 |01:39:32 ~-~-> 01:39:36 |through it. I am a battering ram. There it is. I'm smashing through it. Because
1194 |1193 |01:39:36 ~-~-> 01:39:42 |the orders that are resting around that level. I want that. I want that as my
1195 |1194 |01:39:42 ~-~-> 01:39:46 |exit or I want that as my entry because I'm going to then target to people that
1196 |1195 |01:39:46 ~-~-> 01:39:50 |are doing what they want to see a breakout and he wants the continuation
1197 |1196 |01:39:50 ~-~-> 01:39:57 |going lower. Well, I'm going to trade against that. So I'm going to use based
1198 |1197 |01:39:57 ~-~-> 01:40:01 |on what my understanding of or narrative about what price is likely to do. And I
1199 |1198 |01:40:01 ~-~-> 01:40:04 |shared that this morning, it's on Twitter, not Twitter, blue brief
1200 |1199 |01:40:05 ~-~-> 01:40:10 |creatures of Hattery. It's on my YouTube community post. I said, Nope, this,
1201 |1200 |01:40:10 ~-~-> 01:40:14 |okay, you got to click on the chart for to maximize and show it to show it to
1202 |1201 |01:40:14 ~-~-> 01:40:20 |you. But it's the 16,208.50 level. And when I started this last thing I said,
1203 |1202 |01:40:20 ~-~-> 01:40:24 |just so you guys know, I still believe that this is where we're going to draw
1204 |1203 |01:40:24 ~-~-> 01:40:29 |to. Okay, but on the grand scheme of things for the week, I think that we're
1205 |1204 |01:40:29 ~-~-> 01:40:35 |going to reach up to here and it might, it may need CPI to get there. It may
1206 |1205 |01:40:35 ~-~-> 01:40:41 |not, if we move quickly away from it, and we trade down, you know, into, in
1207 |1206 |01:40:41 ~-~-> 01:40:48 |this range in here, prior to CPI, like in other words, if we trade down, and we
1208 |1207 |01:40:48 ~-~-> 01:40:52 |get into this area here prior to right before eight o'clock, 830, tomorrow,
1209 |1208 |01:40:52 ~-~-> 01:40:58 |we're we're CPI number will be released, then it's 5050. For me, I don't know
1210 |1209 |01:40:58 ~-~-> 01:41:04 |what it will do. Okay, if we are high up here like this, then I would expect it
1211 |1210 |01:41:04 ~-~-> 01:41:08 |to drop heavy, and then reverse and then rip up here. That's, that's what I would
1212 |1211 |01:41:08 ~-~-> 01:41:13 |do. If I was making the market for NSE. Or especially for in queue. That's what
1213 |1212 |01:41:13 ~-~-> 01:41:19 |I would do, I would use the first impulsive price leg of CPI, but I think
1214 |1213 |01:41:19 ~-~-> 01:41:22 |it's short, and then come back up here and smash these guys. That's how I would
1215 |1214 |01:41:22 ~-~-> 01:41:25 |do it. That is not a trade advice. It's not for you to go out there and trade
1216 |1215 |01:41:25 ~-~-> 01:41:30 |ahead of CPI, it's not for you to trade after CPI number hits. It's just that's
1217 |1216 |01:41:30 ~-~-> 01:41:33 |a scenario in my head right now I'm looking at the chart is that the one I'm
1218 |1217 |01:41:33 ~-~-> 01:41:38 |going to trade tomorrow? No, because I'm not trading CPI is a lot of, you know,
1219 |1218 |01:41:39 ~-~-> 01:41:43 |this is what you do. To learn, you have to have experience, right, you have to
1220 |1219 |01:41:43 ~-~-> 01:41:47 |have an expectation of what you think price will do and how it should behave,
1221 |1220 |01:41:47 ~-~-> 01:41:51 |and what it should not do. And over time, which is what you don't want to
1222 |1221 |01:41:51 ~-~-> 01:41:55 |submit to. You don't want to you don't want to put time into it years before
1223 |1222 |01:41:55 ~-~-> 01:42:00 |you get excellent at it. You want to be excellent right away. You want to have
1224 |1223 |01:42:00 ~-~-> 01:42:03 |it your way mentorship and have it your way mentor that tells you right in five
1225 |1224 |01:42:03 ~-~-> 01:42:08 |seconds in three sentences or less how to buy and sell how to place a stop loss
1226 |1225 |01:42:08 ~-~-> 01:42:12 |how to manage a stop loss, how to get a partial target, and never lose money.
1227 |1226 |01:42:13 ~-~-> 01:42:16 |Now the people that have traded for a while you're laughing your ass off with
1228 |1227 |01:42:16 ~-~-> 01:42:20 |me right now. Because you know exactly that's exactly what this world today
1229 |1228 |01:42:20 ~-~-> 01:42:22 |right now wants everybody that comes into trading that's exactly what they
1230 |1229 |01:42:22 ~-~-> 01:42:26 |believe is possible be handed to them. And I'm telling you, you're full of
1231 |1230 |01:42:26 ~-~-> 01:42:31 |shit. Because that doesn't exist. You're so many things. You're asking them all
1232 |1231 |01:42:31 ~-~-> 01:42:35 |the time you see examples why I'm How am I having a stoploss it's that tight 30
1233 |1232 |01:42:35 ~-~-> 01:42:40 |years experience losing lots of money blowing lots of accounts, learning from
1234 |1233 |01:42:40 ~-~-> 01:42:44 |those lessons. And I understand even learning those lessons, there's no way
1235 |1234 |01:42:44 ~-~-> 01:42:47 |for me to condense it like all these jokers out there, say you talk too much.
1236 |1235 |01:42:47 ~-~-> 01:42:51 |You could have said all this in less time, and you would still know nothing
1237 |1236 |01:42:51 ~-~-> 01:42:55 |afterwards. So what's the point? I'm teaching because I want you to learn.
1238 |1237 |01:42:57 ~-~-> 01:43:02 |I'm doing this for free, folks. Okay, I don't need to be here. But I love it.
1239 |1238 |01:43:02 ~-~-> 01:43:08 |And I miss it. And I want you to succeed. I want you to see what I'm
1240 |1239 |01:43:08 ~-~-> 01:43:14 |showing you it pans out it pans out it pans out it pans out. So if I can do it.
1241 |1240 |01:43:15 ~-~-> 01:43:18 |And I'm using the logic and the tools that I've made available for free.
1242 |1241 |01:43:19 ~-~-> 01:43:23 |What's preventing you from dealing it experience. So get your as busy and
1243 |1242 |01:43:23 ~-~-> 01:43:28 |getting it get that experience. Alright, so let's get through the brass tacks of
1244 |1243 |01:43:28 ~-~-> 01:43:34 |this. It's about lunchtime. So 830 right here, that's when the market is going to
1245 |1244 |01:43:34 ~-~-> 01:43:39 |start doing what it's going to start going towards the pool of liquidity that
1246 |1245 |01:43:39 ~-~-> 01:43:44 |it's going to aim for. So at that 830 time window, we've already arrived and
1247 |1246 |01:43:45 ~-~-> 01:43:48 |determined that we've already done damage down here so there's no need to
1248 |1247 |01:43:48 ~-~-> 01:43:53 |come down here. This is the safe house. This is where all the little lambs feel
1249 |1248 |01:43:53 ~-~-> 01:43:59 |safe. Okay, so the wolf has already smashed through the grass house, the
1250 |1249 |01:43:59 ~-~-> 01:44:02 |wooden stick house and here's the brick house appeared. So they think they're
1251 |1250 |01:44:02 ~-~-> 01:44:06 |safe. All of them piled up in here laughing at the Big Bad Wolf. They're
1252 |1251 |01:44:06 ~-~-> 01:44:10 |never gonna get me they're never gonna get me and they're hanging down in here.
1253 |1252 |01:44:11 ~-~-> 01:44:16 |So 830 we see it starting right there. You start to moving. We break out of
1254 |1253 |01:44:16 ~-~-> 01:44:20 |this little area here and then a breakout trader. Then it comes back
1255 |1254 |01:44:20 ~-~-> 01:44:30 |down. And then right at 930 No escape. Little pig, little pig. Let me in
1256 |1255 |01:44:32 ~-~-> 01:44:39 |smashed bacon for breakfast. I eat bacon. So we ran through it, took them
1257 |1256 |01:44:39 ~-~-> 01:44:46 |out and then for good measure, ran deeper. Come up to this level here and
1258 |1257 |01:44:46 ~-~-> 01:44:52 |then started pulling that but ICT is wrong. I know you were hoping I know you
1259 |1258 |01:44:52 ~-~-> 01:44:56 |were hoping that that level I posted this morning. She can go on social media
1260 |1259 |01:44:56 ~-~-> 01:45:00 |and say look at this level he called and it didn't even trade there. Were You
1261 |1260 |01:45:00 ~-~-> 01:45:04 |post that. Okay, just post it now because you had it set up waiting to do
1262 |1261 |01:45:04 ~-~-> 01:45:09 |it, but you got denied again, just like it'll be all year long next year in 2024
1263 |1262 |01:45:09 ~-~-> 01:45:16 |in the Robins cup. So because we failed to get to there, and we pulled back, we
1264 |1263 |01:45:16 ~-~-> 01:45:21 |didn't trade to the top of that candle there as support after resistance broken
1265 |1264 |01:45:21 ~-~-> 01:45:26 |would become your denied there. What is it really doing? It's trading in here
1266 |1265 |01:45:26 ~-~-> 01:45:30 |for institutional order flow entry drill, which is this little candle low
1267 |1266 |01:45:30 ~-~-> 01:45:36 |here. It's part of this. Okay, I'm literally teaching you exactly what the
1268 |1267 |01:45:36 ~-~-> 01:45:40 |fuck my books are going to talk about. So don't buy my books. I don't need your
1269 |1268 |01:45:40 ~-~-> 01:45:43 |fucking money. I'm only putting it in print. So that way everybody knows it's
1270 |1269 |01:45:43 ~-~-> 01:45:48 |my shit. Because all the books out there right now are teaching in partial
1271 |1270 |01:45:48 ~-~-> 01:45:52 |format. They are not complete. You don't know what the hell you're doing at the
1272 |1271 |01:45:52 ~-~-> 01:45:54 |end of it. It's just me being parroted.
1273 |1272 |01:45:56 ~-~-> 01:46:03 |So take this off for a second. This rip right here at 930. What time 930? What
1274 |1273 |01:46:03 ~-~-> 01:46:12 |time I see at 930 What time did his moves begin and run ICT? 938 30. This is
1275 |1274 |01:46:12 ~-~-> 01:46:16 |not the first time I mentioned it. It's not the first time I mentioned it,
1276 |1275 |01:46:16 ~-~-> 01:46:21 |folks. It's not cookie cutter. It's not Oh, the only talked about when it works.
1277 |1276 |01:46:21 ~-~-> 01:46:25 |It's the same shit every day. It's always the same way. It's always the
1278 |1277 |01:46:25 ~-~-> 01:46:29 |same way. So what are we arrived at, we arrived at there was no necessity for
1279 |1278 |01:46:29 ~-~-> 01:46:36 |the market to go lower. It would in fact run here, but not just simply there. I
1280 |1279 |01:46:36 ~-~-> 01:46:41 |was watching live streamers, and I'm gonna say their names. They had a long,
1281 |1280 |01:46:41 ~-~-> 01:46:46 |and they stopped holding that long prematurely before it even got above
1282 |1281 |01:46:46 ~-~-> 01:46:52 |here. And I smacked myself, I'm thinking myself, Wow, they're gonna be mad.
1283 |1282 |01:46:53 ~-~-> 01:46:56 |They're gonna be mad. And a couple of minutes may see that things start
1284 |1283 |01:46:56 ~-~-> 01:47:05 |fucking tear gas. And it did that inexperience that's all it is. And it's
1285 |1284 |01:47:05 ~-~-> 01:47:12 |easily overcome. It's easily overcome. But at 930. That window of time, right
1286 |1285 |01:47:12 ~-~-> 01:47:20 |at 930, what's actually occurring? I want to go down into a one minute chart.
1287 |1286 |01:47:21 ~-~-> 01:47:26 |Let me put that level back on here first. So here is that pool of liquidity
1288 |1287 |01:47:26 ~-~-> 01:47:31 |whereby side list my side liquidity or buy stops are resting. And these levels
1289 |1288 |01:47:31 ~-~-> 01:47:35 |are obviously what I've already outlined here. So it's this is the daily
1290 |1289 |01:47:35 ~-~-> 01:47:40 |objective. And then for the week, where they would run for liquidity for the
1291 |1290 |01:47:40 ~-~-> 01:47:45 |purposes of going against the large funds. Okay. So this is not a one time
1292 |1291 |01:47:45 ~-~-> 01:47:49 |teaching is exactly what I was teaching last year. Okay. And this is exactly
1293 |1292 |01:47:49 ~-~-> 01:47:52 |what I taught my paid mentorship students. This is the same logic, I'm
1294 |1293 |01:47:52 ~-~-> 01:47:55 |not morphing into something different. I'm not trying to make it complicated.
1295 |1294 |01:47:55 ~-~-> 01:47:59 |This is simple shit. It's really, really, really simple. But now we're
1296 |1295 |01:47:59 ~-~-> 01:48:02 |going to drop down into a one minute chart and look at this 15 minute
1297 |1296 |01:48:02 ~-~-> 01:48:09 |candlestick over the course of individual one minute candles, okay. Do
1298 |1297 |01:48:09 ~-~-> 01:48:16 |me a favor, if you are learning from this today, I would greatly appreciate a
1299 |1298 |01:48:16 ~-~-> 01:48:21 |thumbs up. It doesn't cost you anything. I promise you, no one's going to know
1300 |1299 |01:48:21 ~-~-> 01:48:26 |you'd like the video. It's completely anonymous. But it encourages me because
1301 |1300 |01:48:26 ~-~-> 01:48:30 |I sometimes I've asked for this and I look at it. I'm like, wow, I literally
1302 |1301 |01:48:30 ~-~-> 01:48:34 |just gave you something I used to charge people $20,000 For and you literally
1303 |1302 |01:48:34 ~-~-> 01:48:39 |can't click the thumbs up is a sign of appreciation. That to me is entitlement.
1304 |1303 |01:48:40 ~-~-> 01:48:46 |That to me is absolutely entitlement. And I don't owe you any of this. And
1305 |1304 |01:48:46 ~-~-> 01:48:50 |while I don't necessarily need it, it just it's astonishing to see a video get
1306 |1305 |01:48:50 ~-~-> 01:48:57 |185,000 views and 5000 likes. When I'm inviting you to do something as a means
1307 |1306 |01:48:57 ~-~-> 01:49:01 |of encouragement. Did you notice how I slacked off doing it? It's because of
1308 |1307 |01:49:01 ~-~-> 01:49:04 |that? Because that are there. And there's a lot of people that do want to
1309 |1308 |01:49:04 ~-~-> 01:49:13 |do it and that's great. But I'm looking for a movement here, not just lukewarm
1310 |1309 |01:49:13 ~-~-> 01:49:19 |response. Alright, so we're in here at 930 is right there. So I'm gonna zoom in
1311 |1310 |01:49:19 ~-~-> 01:49:22 |so that we can see it. But here's that cell side, we will have to worry about
1312 |1311 |01:49:22 ~-~-> 01:49:27 |it. We don't need to worry about it. Why? Why don't we worried about why are
1313 |1312 |01:49:27 ~-~-> 01:49:33 |we worried about these relative equals ICT? Why are we looking at this one
1314 |1313 |01:49:33 ~-~-> 01:49:37 |minute relative equal lows? Why didn't the market go down there? I can't hear
1315 |1314 |01:49:37 ~-~-> 01:49:42 |you. I don't see any comment that some of your are asking that maybe you did
1316 |1315 |01:49:42 ~-~-> 01:49:46 |post it. Maybe you are planning on asking about it. Maybe you're smiling
1317 |1316 |01:49:46 ~-~-> 01:49:49 |and thinking yes, that's the question I was going to ask her. So what I asked
1318 |1317 |01:49:49 ~-~-> 01:49:55 |them you haven't got to get everything I've outlined in the first part of this
1319 |1318 |01:49:55 ~-~-> 01:50:00 |presentation is there's no need for it to go down the path of least resistance
1320 |1319 |01:50:00 ~-~-> 01:50:05 |is where the largest pool of liquidity that has not been tapped into resides,
1321 |1320 |01:50:06 ~-~-> 01:50:11 |where the smooth edges are in price. We determine that from the 15 minute
1322 |1321 |01:50:11 ~-~-> 01:50:14 |timeframe. So when I'm looking at a one minute chart, you think I'm turning the
1323 |1322 |01:50:14 ~-~-> 01:50:18 |chart on. Oh, he went right to a one minute chart, he can just look at the
1324 |1323 |01:50:18 ~-~-> 01:50:22 |moment chart, there's no I mean, at least looking at what I believe I
1325 |1324 |01:50:22 ~-~-> 01:50:27 |thought was going to be pertinent for the week that I did the analysis on, on
1326 |1325 |01:50:27 ~-~-> 01:50:31 |a day when the markets not trading Sunday or Saturday or Friday evening
1327 |1326 |01:50:31 ~-~-> 01:50:34 |when the markets are closed. So I'm looking at the weekly chart, and I'm
1328 |1327 |01:50:34 ~-~-> 01:50:41 |spending about five minutes determining, okay, it's likely to keep running higher
1329 |1328 |01:50:41 ~-~-> 01:50:47 |to run out hold high, or go into a fair value go. Go back and look at your own
1330 |1329 |01:50:47 ~-~-> 01:50:50 |weekly chart. Was there a fair value out there need to trade up into? No? So what
1331 |1330 |01:50:50 ~-~-> 01:50:56 |is it it's a highs? Real simple in, in that simple. But what happens if there's
1332 |1331 |01:50:56 ~-~-> 01:50:59 |an inefficiency or fair value got prior to that hot? Well, then I would use the
1333 |1332 |01:50:59 ~-~-> 01:51:06 |inefficiency. That will be the weekly objective. This is too hard. I don't
1334 |1333 |01:51:06 ~-~-> 01:51:09 |know what to do with this stuff. There's too many variables ICT bullshit, you
1335 |1334 |01:51:09 ~-~-> 01:51:14 |just simply aren't taking notes, and you're, you're complicating it. If this
1336 |1335 |01:51:14 ~-~-> 01:51:18 |was complicated, it would be very hard for me to continuously keep using
1337 |1336 |01:51:18 ~-~-> 01:51:23 |different models all the time and still make it work for you. Think about it.
1338 |1337 |01:51:24 ~-~-> 01:51:28 |All of these models are available to you for free. But not every one of them are
1339 |1338 |01:51:28 ~-~-> 01:51:32 |going to fit you like a glove, you'll have one that works perfectly, and maybe
1340 |1339 |01:51:32 ~-~-> 01:51:36 |an extra that if that model doesn't exist, there's something else you can
1341 |1340 |01:51:36 ~-~-> 01:51:40 |lean on. And if you can't find it in one or two models, then that's a perfect
1342 |1341 |01:51:40 ~-~-> 01:51:43 |excuse for you not to be trading today. Don't force it, turn the charts off and
1343 |1342 |01:51:43 ~-~-> 01:51:48 |go do something else. How's that for logic? But no, that's not going to be
1344 |1343 |01:51:48 ~-~-> 01:51:52 |what you do. You're going to find some reason to get in there. You're going to
1345 |1344 |01:51:52 ~-~-> 01:51:54 |look at relative equal lows like this and say, No, I think it's going to go
1346 |1345 |01:51:54 ~-~-> 01:51:58 |down because look at it. Look at it. Look, it's making a bear flag. And so
1347 |1346 |01:51:58 ~-~-> 01:52:01 |it's going to drop down here and bullshit. What is it really doing?
1348 |1347 |01:52:03 ~-~-> 01:52:06 |What's it really doing? It's only trading to the midpoint of that
1349 |1348 |01:52:06 ~-~-> 01:52:12 |consolidation. I'm for you right there. Perfect. Are any the bodies closing
1350 |1349 |01:52:12 ~-~-> 01:52:17 |below the midpoint of that consolidation? No. What did these wicks
1351 |1350 |01:52:17 ~-~-> 01:52:25 |reach into that volume imbalance between these two candles bodies? Oh, it's gonna
1352 |1351 |01:52:25 ~-~-> 01:52:30 |drop down. No, it's not. Because the unfinished business is this level here,
1353 |1352 |01:52:30 ~-~-> 01:52:35 |which is those relative equal highs in that 15 minute timeframe. And by the
1354 |1353 |01:52:35 ~-~-> 01:52:38 |way, the other video do private listen, I listened to the playback two days ago.
1355 |1354 |01:52:39 ~-~-> 01:52:43 |And I actually call the highs, I said, these are relative equal lows, but their
1356 |1355 |01:52:43 ~-~-> 01:52:50 |highs. When I saw that my OCD flared like crazy. Fuck, I can't go in there
1357 |1356 |01:52:50 ~-~-> 01:52:53 |and fix it. And it's driving me crazy how many people looked at density, I see
1358 |1357 |01:52:53 ~-~-> 01:52:56 |what you thought about their highs. But it is what it is when I tell you. That's
1359 |1358 |01:52:56 ~-~-> 01:53:00 |how you get it from me when I don't have a script. And I don't upgrade on a
1360 |1359 |01:53:00 ~-~-> 01:53:05 |script. It's as it happens. So there's no need for it to go down here based on
1361 |1360 |01:53:05 ~-~-> 01:53:09 |everything online prior to where we are right now. So we're dropping down to the
1362 |1361 |01:53:09 ~-~-> 01:53:14 |midpoint of the consolidation. And as price drops down into that midpoint,
1363 |1362 |01:53:15 ~-~-> 01:53:19 |you're going to be anticipating a price run, you're anticipating ripping higher,
1364 |1363 |01:53:20 ~-~-> 01:53:26 |and you want to look for reasons to get into the move. And if you're undecided,
1365 |1364 |01:53:28 ~-~-> 01:53:33 |okay, my my son asked the question, well, can you start? Because what if it
1366 |1365 |01:53:33 ~-~-> 01:53:38 |goes into something like this here? Right ahead of 930? What if it does
1367 |1366 |01:53:38 ~-~-> 01:53:43 |something like that, and then use the top of the consolidation, but trades
1368 |1367 |01:53:43 ~-~-> 01:53:47 |into a fair value gap like that, and then keeps on going off like that? Well,
1369 |1368 |01:53:47 ~-~-> 01:53:50 |then that means you're missing putting on the largest portion of your your
1370 |1369 |01:53:50 ~-~-> 01:53:57 |trade, you might just get small, small piece on. But using that question that
1371 |1370 |01:53:57 ~-~-> 01:54:00 |he presented to me this morning, I will present to you this
1372 |1371 |01:54:06 ~-~-> 01:54:11 |so we're inside, trading in here in this fear of a gap here. I'm using that logic
1373 |1372 |01:54:11 ~-~-> 01:54:17 |with this movement here and then using this as an inversion fair Vega. So that
1374 |1373 |01:54:17 ~-~-> 01:54:19 |was what I was telling him at the time. I said, Okay, well, you can get a small
1375 |1374 |01:54:19 ~-~-> 01:54:24 |piece on. Don't look at the contract size. It's irrelevant. Okay, this could
1376 |1375 |01:54:24 ~-~-> 01:54:28 |be just one contract. It could be 50 each time. It's irrelevant. It just so
1377 |1376 |01:54:28 ~-~-> 01:54:31 |happens that when we were working together with it, and I don't want you
1378 |1377 |01:54:31 ~-~-> 01:54:35 |look at counting all the money up because it's demo. It's demo demo demo.
1379 |1378 |01:54:35 ~-~-> 01:54:42 |Okay. The logic is how do we scale in. And every single time we trade it to a
1380 |1379 |01:54:42 ~-~-> 01:54:45 |specific PV array. I told him, press the button Now, press the button Now, press
1381 |1380 |01:54:45 ~-~-> 01:54:50 |the button Now, press the button now. And I was telling him every single time
1382 |1381 |01:54:50 ~-~-> 01:54:53 |he did it, I said no, this is what we're using. And this is what we're using and
1383 |1382 |01:54:53 ~-~-> 01:54:58 |this is what we're using. So he was seeing the pattern formation being
1384 |1383 |01:54:58 ~-~-> 01:55:04 |brought to his attention By me at the time, he was pressing the button. So he
1385 |1384 |01:55:04 ~-~-> 01:55:08 |was having the engagement and the memory of I see this happening, because that's
1386 |1385 |01:55:08 ~-~-> 01:55:11 |pointing out. So he's going to hear my voice in his memory. He's going to see
1387 |1386 |01:55:11 ~-~-> 01:55:14 |the chart, because he's going to remember by repetition. This is how I
1388 |1387 |01:55:14 ~-~-> 01:55:19 |teach my kids, by the way. And he's doing the process of him pressing a
1389 |1388 |01:55:19 ~-~-> 01:55:23 |button. It's not him watching me press the button. Notice this, because many of
1390 |1389 |01:55:23 ~-~-> 01:55:27 |you that watch my videos think you're learning. No, you're becoming familiar.
1391 |1390 |01:55:27 ~-~-> 01:55:32 |That's all you're doing. You're becoming familiar with it. It's the equivalent of
1392 |1391 |01:55:32 ~-~-> 01:55:37 |you watching someone else do a workout in the gym. Wow. And he's bench pressing
1393 |1392 |01:55:37 ~-~-> 01:55:40 |600 pounds. He's doing? Yeah, oh, man, that's great. I went to the gym today,
1394 |1393 |01:55:40 ~-~-> 01:55:44 |you didn't, you didn't do shit. He fucking bonbons and potato chips,
1395 |1394 |01:55:45 ~-~-> 01:55:48 |drinking root beer, watching somebody else bust ass and getting the weight
1396 |1395 |01:55:48 ~-~-> 01:55:51 |lifted up throwing weight around, you didn't do anything. And that's the
1397 |1396 |01:55:51 ~-~-> 01:55:54 |equivalent of people that come to my YouTube channel and they watch my
1398 |1397 |01:55:54 ~-~-> 01:55:58 |videos, but then they don't do anything I tell you to do in the videos, which
1399 |1398 |01:55:58 ~-~-> 01:56:01 |means you got to go back through the price action, you got to back test, and
1400 |1399 |01:56:01 ~-~-> 01:56:05 |then you got to study and then do forward testing. Eventually, when you
1401 |1400 |01:56:05 ~-~-> 01:56:08 |get through tape reading, and you get familiar with reading where the price
1402 |1401 |01:56:08 ~-~-> 01:56:12 |should react and you're not pressing any buttons there. You're just watching
1403 |1402 |01:56:12 ~-~-> 01:56:16 |price, getting a feel for what it's likely to do next. And there's no
1404 |1403 |01:56:17 ~-~-> 01:56:21 |dependency on you being right or wrong. Not even in our demo. Because if you
1405 |1404 |01:56:21 ~-~-> 01:56:25 |jump to that stage, before tape reading is done, and you get good at reading
1406 |1405 |01:56:25 ~-~-> 01:56:29 |price. The feeling like it's gonna go to a specific level, then go from that
1407 |1406 |01:56:29 ~-~-> 01:56:32 |level to another level. That's tape reading. Okay, fuck all you guys.
1408 |1407 |01:56:32 ~-~-> 01:56:35 |They're talking about, oh, that's not taking, you don't know what the fuck
1409 |1408 |01:56:35 ~-~-> 01:56:38 |you're doing. You have no idea what you're talking about. You're talking
1410 |1409 |01:56:38 ~-~-> 01:56:42 |about level two data bullshit. That is irrelevant spoofed bull shit, it has
1411 |1410 |01:56:42 ~-~-> 01:56:48 |absolutely no bearing on my price is gonna go up None, zero zilch. But at
1412 |1411 |01:56:48 ~-~-> 01:56:52 |some point, when you get good at reading price, real time, and you know what it's
1413 |1412 |01:56:52 ~-~-> 01:56:57 |likely to do, then you go to the stage of entering. But you have to go through
1414 |1413 |01:56:57 ~-~-> 01:57:03 |that process of getting through a period of uncertainty and not trusting your own
1415 |1414 |01:57:03 ~-~-> 01:57:08 |executions. And since he asked about consolidations, just so you know, I'm
1416 |1415 |01:57:08 ~-~-> 01:57:14 |telling you don't trade like this, because this is the highest complicated
1417 |1416 |01:57:14 ~-~-> 01:57:18 |fucking way for me as a mentor to try to teach this part to you. But I'm going to
1418 |1417 |01:57:18 ~-~-> 01:57:22 |share it with you how I taught my son this morning, okay? Trading in
1419 |1418 |01:57:22 ~-~-> 01:57:29 |consolidations is very tricky, because you don't know. And I don't know if
1420 |1419 |01:57:29 ~-~-> 01:57:33 |they're going to go in manually and intervene and rip the other side that
1421 |1420 |01:57:33 ~-~-> 01:57:38 |consolidation one more time, and then sent hard the other direction. But if I
1422 |1421 |01:57:38 ~-~-> 01:57:43 |do take a trade, now I'm going to teach it in a way where it didn't happen
1423 |1422 |01:57:43 ~-~-> 01:57:47 |today. But I'm gonna tell you any event, if I ever trade like this in the future,
1424 |1423 |01:57:47 ~-~-> 01:57:50 |and you probably have seen examples of this in the past on baby pips, I did a
1425 |1424 |01:57:50 ~-~-> 01:58:00 |lot with Forex. But this consolidation here, how we moved outside of it. We
1426 |1425 |01:58:00 ~-~-> 01:58:04 |were using this gap here. And we already worked into this one. So this has
1427 |1426 |01:58:04 ~-~-> 01:58:08 |already traded down. Let me I'm going to take the I'll put these back on in a
1428 |1427 |01:58:08 ~-~-> 01:58:15 |minute. But I want to go in and show you what I was pointing to to him. Right,
1429 |1428 |01:58:15 ~-~-> 01:58:22 |you see a smaller gap right here, me, let me elongate the chart. See a little
1430 |1429 |01:58:22 ~-~-> 01:58:27 |separation right in here. See how the bodies worked just inside that the wicks
1431 |1430 |01:58:27 ~-~-> 01:58:31 |went past that that's fine. But the bodies are stopping right in there. That
1432 |1431 |01:58:31 ~-~-> 01:58:37 |to me tells me that it's already building the narrative that it's gonna
1433 |1432 |01:58:37 ~-~-> 01:58:43 |go higher. But what it creates here is a pool of liquidity for sellside. Meaning
1434 |1433 |01:58:43 ~-~-> 01:58:46 |that it's going to do this and go higher, if it goes back below that.
1435 |1434 |01:58:47 ~-~-> 01:58:50 |Okay, that's fine. It's going to do what it's going to pull back to the middle of
1436 |1435 |01:58:50 ~-~-> 01:58:54 |consolidation. And what's at the middle of consolidation? Look over here.
1437 |1436 |01:58:55 ~-~-> 01:58:59 |There's a separation of these two candlesticks bodies. Yes, we have a wick
1438 |1437 |01:58:59 ~-~-> 01:59:04 |right there, that connects this candle and the candle previous. But there's a
1439 |1438 |01:59:04 ~-~-> 01:59:09 |separation. And I teach that as a volume imbalance. Because I teach that the
1440 |1439 |01:59:09 ~-~-> 01:59:15 |volume of the move is seen in the body of the candlestick. So if there's a
1441 |1440 |01:59:15 ~-~-> 01:59:19 |separation of two consecutive candles, where they may overlap or connect with
1442 |1441 |01:59:19 ~-~-> 01:59:24 |the wicks, but their bodies don't connect, there's an absence or imbalance
1443 |1442 |01:59:25 ~-~-> 01:59:30 |of volume there. So the algorithm refers back to that that's what you're seeing
1444 |1443 |01:59:30 ~-~-> 01:59:35 |right here. But no, it didn't look at it. Look here, here's the low of that
1445 |1444 |01:59:35 ~-~-> 01:59:38 |fair value gap, I'm sorry, volume imbalance. It went past that right and
1446 |1445 |01:59:38 ~-~-> 01:59:41 |you're not paying attention to the volume imbalance that's right here.
1447 |1446 |01:59:43 ~-~-> 01:59:52 |That's what it's digging down into perfectly. But the real work is this
1448 |1447 |01:59:52 ~-~-> 01:59:56 |determining that yes, it can reach for these areas here. But the narrative is
1449 |1448 |01:59:56 ~-~-> 02:00:01 |not changing is not a bear flag. Why? Because none of These bodies are closing
1450 |1449 |02:00:01 ~-~-> 02:00:07 |below the midpoint, that's consolidation. You see that? So, as I'm
1451 |1450 |02:00:07 ~-~-> 02:00:12 |watching this, I'm telling my son, look at the bottom, everything I type out
1452 |1451 |02:00:12 ~-~-> 02:00:16 |when I'm looking at the examples, and I'm doing right executions, I'm typing
1453 |1452 |02:00:16 ~-~-> 02:00:19 |out the narrative, I'm typing out what I think. Or I'm drawing attention to watch
1454 |1453 |02:00:19 ~-~-> 02:00:22 |the candles bodies, watch the bodies, watch the candlestick bodies. Or if I'm
1455 |1454 |02:00:22 ~-~-> 02:00:25 |talking about something when I was doing live tape reading with you often now
1456 |1455 |02:00:25 ~-~-> 02:00:28 |watch the bodies, keep your eye on the bodies, the wicks can do all that
1457 |1456 |02:00:28 ~-~-> 02:00:36 |damage. At some point, this candlestick was a bold, faced bearish candle. And it
1458 |1457 |02:00:36 ~-~-> 02:00:41 |was right on the low. But then it changed. I'm watching these candles as
1459 |1458 |02:00:41 ~-~-> 02:00:46 |it trades down in that midpoint. And that concerned that it's doing it, it's
1460 |1459 |02:00:46 ~-~-> 02:00:54 |expected to do that. So my question, sorry, my son's question was, how do I
1461 |1460 |02:00:54 ~-~-> 02:00:59 |if I, if I say do this, and it trades here? Can I buy it? And if it just goes
1462 |1461 |02:00:59 ~-~-> 02:01:03 |to the top of that consolidation? What happens? It does that, you know, can I
1463 |1462 |02:01:03 ~-~-> 02:01:06 |do that? Yes, you can do that. But you can't build your largest position there.
1464 |1463 |02:01:06 ~-~-> 02:01:10 |And you run the risk of entering. And then if it takes off like this, well,
1465 |1464 |02:01:10 ~-~-> 02:01:14 |you whatever you got on the trade is all you can do, you may not get an
1466 |1465 |02:01:14 ~-~-> 02:01:19 |opportunity to pyramid anything else in. So that's what you run the risk of the
1467 |1466 |02:01:19 ~-~-> 02:01:27 |deeper you can trade inside of that consolidation ahead of what time 930. So
1468 |1467 |02:01:27 ~-~-> 02:01:31 |what's on the marketplace was likely to be traded to the buy side, what specific
1469 |1468 |02:01:31 ~-~-> 02:01:39 |levels 16,000 to 80.50. And then we're gonna sign up to the 208 50, and then
1470 |1469 |02:01:39 ~-~-> 02:01:50 |264, something. Yeah, to a 50. And then 264, whatnot. So in here, as the markets
1471 |1470 |02:01:50 ~-~-> 02:01:55 |trading down into this, every single time is digging in, towards the halfway
1472 |1471 |02:01:55 ~-~-> 02:02:00 |point here. I'm telling him, press the button, press the button, press the
1473 |1472 |02:02:00 ~-~-> 02:02:05 |button. And he's scaling in because I'm teaching him to see what it feels like
1474 |1473 |02:02:05 ~-~-> 02:02:11 |to be buying it when it's dropping. See, for some of you, when you watch me take
1475 |1474 |02:02:11 ~-~-> 02:02:16 |trades where I'm buying below old, single lows or relative equal lows, you
1476 |1475 |02:02:16 ~-~-> 02:02:20 |that's a trade you won't hate. Because you have never conditioned yourself to
1477 |1476 |02:02:20 ~-~-> 02:02:24 |anticipate that it's going to be doing that very thing. It's scary to you right
1478 |1477 |02:02:24 ~-~-> 02:02:28 |now, even in a demo, because you don't like the response of that result being
1479 |1478 |02:02:28 ~-~-> 02:02:32 |adverse or not profitable for you or the outcome not favorable, or something you
1480 |1479 |02:02:32 ~-~-> 02:02:35 |can brag about on social media look at this, or feel good that you did
1481 |1480 |02:02:35 ~-~-> 02:02:39 |something, right, because you're worrying about being right or wrong. And
1482 |1481 |02:02:39 ~-~-> 02:02:42 |when you're learning, it's not about right or wrong. It's about learning a
1483 |1482 |02:02:42 ~-~-> 02:02:49 |process. Process. That is not an absolute profitability, it means that
1484 |1483 |02:02:49 ~-~-> 02:02:53 |there's a gray area that you have to willingly embrace. And trading is all
1485 |1484 |02:02:53 ~-~-> 02:02:58 |about that. So by doing these types of examples, going in, and I'll give you
1486 |1485 |02:02:58 ~-~-> 02:03:03 |some right now, I'll slap some down right now for you. Every single fair
1487 |1486 |02:03:03 ~-~-> 02:03:08 |Baghdad, whether you can determine the bias or not every single fair value gap
1488 |1487 |02:03:08 ~-~-> 02:03:14 |on a one minute chart, you should engage not holding yourself to being right or
1489 |1488 |02:03:14 ~-~-> 02:03:18 |wrong. But when you see it, and it trades into it, for instance, right in
1490 |1489 |02:03:18 ~-~-> 02:03:24 |here. See this boss on unbalanced us on efficiency, that big green candle here?
1491 |1490 |02:03:24 ~-~-> 02:03:29 |Why is that occurring? But what time is that? 933?
1492 |1491 |02:03:31 ~-~-> 02:03:35 |Will it what is it running towards what direction that blue line here, which is
1493 |1492 |02:03:35 ~-~-> 02:03:39 |that 15 minute, relative equal high. The buy sites are where I told you it was
1494 |1493 |02:03:39 ~-~-> 02:03:43 |like a safe room where the retail thought it was safe to be there with a
1495 |1494 |02:03:43 ~-~-> 02:03:46 |short position having a protective buy stock in that area. We're going above
1496 |1495 |02:03:46 ~-~-> 02:03:52 |that. Well, it 933 In one single candle it ripped from here, all up here but
1497 |1496 |02:03:52 ~-~-> 02:03:56 |stopped short of it. The next candle opens, sweeps it then gigs all the way
1498 |1497 |02:03:56 ~-~-> 02:04:04 |back down to what to reprice to this candles high. And rebalance all of this
1499 |1498 |02:04:04 ~-~-> 02:04:08 |inefficiency that's created by that one single upclose candle. So that buys that
1500 |1499 |02:04:08 ~-~-> 02:04:12 |analysis on an efficiency. It is a fair value gap. But what is it inefficient
1501 |1500 |02:04:12 ~-~-> 02:04:17 |and movement delivered to the downside. So in efficient market delivery,
1502 |1501 |02:04:17 ~-~-> 02:04:22 |delivered price is where price has been offered on the upstroke. And on the
1503 |1502 |02:04:22 ~-~-> 02:04:26 |downstroke because it's giving both entities in the marketplace buyers and
1504 |1503 |02:04:26 ~-~-> 02:04:33 |sellers reason to employ whatever logic they have in the in the movement of
1505 |1504 |02:04:33 ~-~-> 02:04:39 |price. So as price is going up, oh, it's buying pressure here. Bullshit. That's
1506 |1505 |02:04:39 ~-~-> 02:04:43 |not what's going on here. Okay, because these orders were already sitting here
1507 |1506 |02:04:43 ~-~-> 02:04:48 |read about that hot well above the 50 Minute highs. Okay. Remember, for some
1508 |1507 |02:04:48 ~-~-> 02:04:52 |of you that are brand new, I probably lost you. I'm going to go back up to a
1509 |1508 |02:04:52 ~-~-> 02:04:57 |15 minute chart and come right back to this chart here. But the 16,118.75
1510 |1509 |02:04:57 ~-~-> 02:05:07 |level, what is that level? It's this one It's these highs right here. See the
1511 |1510 |02:05:07 ~-~-> 02:05:17 |price 16,118.75. That's these relative equal highs right there. So it runs real
1512 |1511 |02:05:17 ~-~-> 02:05:24 |quick to get those. It doesn't take a lot of contracts being bought to get
1513 |1512 |02:05:24 ~-~-> 02:05:32 |there. If there was a handful of orders coming in, okay, at 930, there is a
1514 |1513 |02:05:32 ~-~-> 02:05:37 |plethora, there's a huge injection of market orders coming in, flooding the
1515 |1514 |02:05:37 ~-~-> 02:05:42 |marketplace, buying and selling, buying and selling, buying and selling. The
1516 |1515 |02:05:42 ~-~-> 02:05:48 |algorithm will reprice and keep offering higher prices. It doesn't fucking matter
1517 |1516 |02:05:48 ~-~-> 02:05:51 |how many people are selling short, it doesn't fucking matter how many people
1518 |1517 |02:05:51 ~-~-> 02:05:56 |are buying it, it matters not. It just needs people to come in. So they can
1519 |1518 |02:05:56 ~-~-> 02:06:02 |book that price. And when that price is booked to candlestick, your chart, the
1520 |1519 |02:06:02 ~-~-> 02:06:06 |market itself will reflect that because it's being controlled, to go right into
1521 |1520 |02:06:06 ~-~-> 02:06:10 |here. And then the real party starts what's happening. The market has now
1522 |1521 |02:06:10 ~-~-> 02:06:15 |brought in traders that are thinking what? They're short now they're stopped
1523 |1522 |02:06:15 ~-~-> 02:06:20 |out, are they? Are they thinking about doing a short again? Hell no. They're
1524 |1523 |02:06:20 ~-~-> 02:06:23 |they're like a deer in headlights. They're scared to death. They're stopped
1525 |1524 |02:06:23 ~-~-> 02:06:27 |out. They're wrong. What the hell is gonna happen today? I don't know. And
1526 |1525 |02:06:27 ~-~-> 02:06:35 |then it drops aggressively. What's that doing? enticing them to get back in. So
1527 |1526 |02:06:35 ~-~-> 02:06:40 |what are they gonna do? They're gonna sell as it goes into this inefficiency.
1528 |1527 |02:06:40 ~-~-> 02:06:45 |Exactly, exactly. When smart money is waiting for price to get right into this
1529 |1528 |02:06:45 ~-~-> 02:06:58 |little area. between here and here that is being done by the algorithm to offer
1530 |1529 |02:06:58 ~-~-> 02:07:04 |the opportunity for smart money. People that are looking for these types of
1531 |1530 |02:07:04 ~-~-> 02:07:09 |setups, when it trades down there. There they're trying to accumulate. And by
1532 |1531 |02:07:09 ~-~-> 02:07:15 |that, as retail chases it going, Oh, I got stopped out. It's gone. Now. It's
1533 |1532 |02:07:15 ~-~-> 02:07:19 |gone right back up to stop your ass out again. Because you're trying to force
1534 |1533 |02:07:19 ~-~-> 02:07:23 |your will as a retail trader, you don't know shit. You don't know anything.
1535 |1534 |02:07:23 ~-~-> 02:07:29 |You're completely a neophyte, but you're impulsive. And you can't accept being
1536 |1535 |02:07:29 ~-~-> 02:07:32 |wrong. So therefore, when you trade, you're putting everything behind the
1537 |1536 |02:07:32 ~-~-> 02:07:37 |trade, reckless abandonment, you don't care. You're right, the market is going
1538 |1537 |02:07:37 ~-~-> 02:07:44 |to listen to you. You read 16 books this past summer, you you know you're doing
1539 |1538 |02:07:45 ~-~-> 02:07:50 |well. I'm teaching what the markets actually gonna do. Why does the
1540 |1539 |02:07:50 ~-~-> 02:07:53 |candlestick closed on or something like that? We'll look at it when you be
1541 |1540 |02:07:53 ~-~-> 02:07:59 |scared by that? No. Why is this permissible here? Because all of these
1542 |1541 |02:07:59 ~-~-> 02:08:05 |candlesticks here have wicks? And what are they? They're gaps, just like this
1543 |1542 |02:08:05 ~-~-> 02:08:11 |is a gap. So inside of these individual wicks, we can expect elegant dig down
1544 |1543 |02:08:11 ~-~-> 02:08:17 |into that. How far? Well, we just left this consolidation, that industry down
1545 |1544 |02:08:17 ~-~-> 02:08:24 |to that, yes. But is it closing inside a consolidation? No. So the bulk of buying
1546 |1545 |02:08:24 ~-~-> 02:08:28 |would be done in here. And you'd have to let the market trade against you on that
1547 |1546 |02:08:28 ~-~-> 02:08:34 |new pyramid entry, or if that was your entry to get into it. Now, find the
1548 |1547 |02:08:34 ~-~-> 02:08:39 |books that talk about that. They don't exist. They don't tell you where you're
1549 |1548 |02:08:39 ~-~-> 02:08:43 |getting in it and how to be comfortable in drawdown initially, while you're in a
1550 |1549 |02:08:43 ~-~-> 02:08:47 |trade. I've never bought a book. And I have over 2000 of these spoken things,
1551 |1550 |02:08:48 ~-~-> 02:08:52 |both in electronic format and actual hard copies. Not one book I've ever
1552 |1551 |02:08:52 ~-~-> 02:08:57 |bought taught anything about when you get into a trade, how much it takes to
1553 |1552 |02:08:57 ~-~-> 02:09:01 |hold on to a trade while you're in drawdown before your trade starts to pan
1554 |1553 |02:09:01 ~-~-> 02:09:06 |out. Not one author has ever touched on that subject matter. And that's the very
1555 |1554 |02:09:06 ~-~-> 02:09:09 |thing that caused me to fail when I had winning trades, but I couldn't hold on
1556 |1555 |02:09:09 ~-~-> 02:09:12 |to him because I was scared because I was afraid to take another losing trade.
1557 |1556 |02:09:13 ~-~-> 02:09:19 |In the way I teach is you need to do these things with a demo you have that
1558 |1557 |02:09:19 ~-~-> 02:09:27 |has a purpose for you doing it. And that's what I was saying. A drill a way
1559 |1558 |02:09:27 ~-~-> 02:09:32 |of overcoming fear, a way of getting yourself pseudo experience every fair
1560 |1559 |02:09:32 ~-~-> 02:09:36 |value gap. Okay, let me let me widen this because it's not as clear as I want
1561 |1560 |02:09:36 ~-~-> 02:09:41 |it to be. So between this candles low in this candles high right there, that one
1562 |1561 |02:09:41 ~-~-> 02:09:48 |single green candle that's inefficient. So if we believe that this is just the
1563 |1562 |02:09:48 ~-~-> 02:09:52 |first part of the run up, and remember, we're still looking for price to get up
1564 |1563 |02:09:52 ~-~-> 02:10:00 |to here 16,000 to 850 I told you that this morning. Well if it can do Do this,
1565 |1564 |02:10:01 ~-~-> 02:10:04 |come back down and trade into this inefficiency. And we already feel
1566 |1565 |02:10:04 ~-~-> 02:10:08 |confident that this was only getting down to the midpoint of consolidation.
1567 |1566 |02:10:08 ~-~-> 02:10:12 |We didn't need to go down below these relative equal loads. Why? Because the
1568 |1567 |02:10:12 ~-~-> 02:10:17 |premise in the narrative was it's going higher. So there's no need to fear about
1569 |1568 |02:10:17 ~-~-> 02:10:22 |it, it's gonna go below that low. Why? It didn't go to the 208 50 level yet.
1570 |1569 |02:10:23 ~-~-> 02:10:26 |It's so close to that level in the daily chart. They're not going to leave it
1571 |1570 |02:10:26 ~-~-> 02:10:32 |there. Why? Because contract rollover. They're not going to let them sit there
1572 |1571 |02:10:32 ~-~-> 02:10:36 |safely. Right above that high, they're not going to do it, folks. They're not
1573 |1572 |02:10:36 ~-~-> 02:10:43 |going to do it. And did they? Fuck no. Nope. And you're all here live. This
1574 |1573 |02:10:43 ~-~-> 02:10:49 |isn't a recorded video. I've explained this in at nauseam, maybe not what the
1575 |1574 |02:10:49 ~-~-> 02:10:54 |best choice of vocabulary, but it's emphatic. I'm in I'm being in fact about
1576 |1575 |02:10:54 ~-~-> 02:10:59 |it. Because I want you to understand that these things repeat because they're
1577 |1576 |02:10:59 ~-~-> 02:11:05 |coded to do this. They're, they're coded to do these things. And when this rush
1578 |1577 |02:11:05 ~-~-> 02:11:09 |of volatility that comes in and order flow, the buying and selling that's
1579 |1578 |02:11:09 ~-~-> 02:11:17 |coming in, it doesn't matter how many contracts, they just need a contract to
1580 |1579 |02:11:17 ~-~-> 02:11:22 |book a price. And as it goes higher, the next next price that's offered, there's
1581 |1580 |02:11:22 ~-~-> 02:11:25 |people coming in all the time with market orders all the time, you could
1582 |1581 |02:11:25 ~-~-> 02:11:31 |have a flood, a flood of short selling orders coming in, it's not making the
1583 |1582 |02:11:31 ~-~-> 02:11:34 |market go fucking down, because they're gonna keep offering it higher, higher,
1584 |1583 |02:11:34 ~-~-> 02:11:39 |higher, higher, higher, you ever been in a short squeeze your short? What to keep
1585 |1584 |02:11:39 ~-~-> 02:11:42 |doing pricing higher, higher, higher, higher heart, look at the volume, it's
1586 |1585 |02:11:42 ~-~-> 02:11:46 |not much buying. But you wanna look at that ladder and a depth of market
1587 |1586 |02:11:46 ~-~-> 02:11:51 |bullshit. Level two data. Look how many contracts are really fortifying that
1588 |1587 |02:11:51 ~-~-> 02:11:58 |rally? Perfect example here for commodity traders. How many contracts
1589 |1588 |02:11:58 ~-~-> 02:12:03 |does it take to create a limit up or limit down day? Some of you only have to
1590 |1589 |02:12:03 ~-~-> 02:12:07 |talk that is, but there's a day where the market will open up based on the
1591 |1590 |02:12:07 ~-~-> 02:12:11 |previous day's close. And where we opened the new day. The opening price is
1592 |1591 |02:12:11 ~-~-> 02:12:16 |the entirety of that daily fluctuation, it's at the maximum movement, it will be
1593 |1592 |02:12:16 ~-~-> 02:12:25 |allowed. It stays there lot limit. What Yeah, I got stuck in that once before.
1594 |1593 |02:12:26 ~-~-> 02:12:30 |It's not fun. But I also had days where I was stuck in it moving in my favor.
1595 |1594 |02:12:31 ~-~-> 02:12:37 |Both instances that it's terrifying. But because you can't get out, you cannot
1596 |1595 |02:12:37 ~-~-> 02:12:41 |get out. There's nothing that will allow you to get out of that trade. And that
1597 |1596 |02:12:41 ~-~-> 02:12:46 |my friends is fucking terrifying. Even when you're making money, it's
1598 |1597 |02:12:46 ~-~-> 02:12:51 |terrifying. And worse, so when you're losing, and you don't your mind, you're
1599 |1598 |02:12:51 ~-~-> 02:12:56 |thinking shit, it's going to do 57 days of this. So astronomical in terms of
1600 |1599 |02:12:56 ~-~-> 02:13:00 |exaggerated expectations, right. But that's exactly what it feels like. And
1601 |1600 |02:13:00 ~-~-> 02:13:02 |anybody that's been trading commodities for any length of time, there's ever
1602 |1601 |02:13:02 ~-~-> 02:13:06 |been a limit up, move or limit down move. And it's been an adverse side.
1603 |1602 |02:13:06 ~-~-> 02:13:09 |Like if you're offside, you're not on the right side and you're losing money.
1604 |1603 |02:13:09 ~-~-> 02:13:14 |That is a sick feeling. Because there's nobody to help you. And everybody
1605 |1604 |02:13:14 ~-~-> 02:13:16 |becomes a Christian, then they start praying to God, they never believed them
1606 |1605 |02:13:16 ~-~-> 02:13:18 |before. Please let me get out of this right.
1607 |1606 |02:13:21 ~-~-> 02:13:25 |Every time you see a fair value gap, and it trades down into like this, it's
1608 |1607 |02:13:25 ~-~-> 02:13:28 |irrelevant, whether you believe it's gonna go higher or not. If it does this
1609 |1608 |02:13:28 ~-~-> 02:13:33 |very thing here, press that with your demo account with one contract. Just one
1610 |1609 |02:13:33 ~-~-> 02:13:39 |not 50 Not 20, not 19 Not new 40 Just do one contract, get the experience of what
1611 |1610 |02:13:39 ~-~-> 02:13:44 |it feels like to go in there as it happens. And just watch the reaction,
1612 |1611 |02:13:44 ~-~-> 02:13:48 |you're not using a stop loss, you're not using a target, you're just engaging
1613 |1612 |02:13:48 ~-~-> 02:13:52 |that fair value that it gives you experience of seeing it I've done this
1614 |1613 |02:13:52 ~-~-> 02:13:57 |for weeks with my son in that that's what helped him find fair value gaps. I
1615 |1614 |02:13:57 ~-~-> 02:14:00 |would see him using my experience that's okay. You put your finger on the buy
1616 |1615 |02:14:00 ~-~-> 02:14:06 |button he'd be sitting up here like this and that's okay. And push it and as it's
1617 |1616 |02:14:06 ~-~-> 02:14:10 |going down here like this he puts it he pushes the button and then he gets the
1618 |1617 |02:14:10 ~-~-> 02:14:14 |fill and then we watch it admittedly you know I'm telling you just watch to train
1619 |1618 |02:14:14 ~-~-> 02:14:19 |great back to their heart in and of itself that right there to hear. That's
1620 |1619 |02:14:19 ~-~-> 02:14:23 |a meal ticket. Like that's a model that's it's that's that's an easy
1621 |1620 |02:14:23 ~-~-> 02:14:27 |winning a combine that's easy getting paid out. That's easy replacing your
1622 |1621 |02:14:27 ~-~-> 02:14:30 |fucking job. That's easy getting rich it's easy winning the Robins cup it's
1623 |1622 |02:14:31 ~-~-> 02:14:33 |easy fucking becoming a millionaire it's easy fucking talent Tom, Dick and
1624 |1623 |02:14:33 ~-~-> 02:14:39 |Harry's mentorship will fuck yourself. I'm not saying any more mama. But you
1625 |1624 |02:14:39 ~-~-> 02:14:45 |want to do those things because it's a sense of community. Goes fucking join a
1626 |1625 |02:14:45 ~-~-> 02:14:48 |gym, okay, and get something better out of it. There's a community are there for
1627 |1626 |02:14:48 ~-~-> 02:14:54 |you start feeding these people. They're parasites, okay. You can do this on your
1628 |1627 |02:14:54 ~-~-> 02:14:59 |own. It just takes time. You got to work towards it. It's going to take effort
1629 |1628 |02:14:59 ~-~-> 02:15:02 |and it's going to it's not Not gonna happen overnight, but it will work if
1630 |1629 |02:15:02 ~-~-> 02:15:08 |you put the effort into it now. I mean, add those executions back because I
1631 |1630 |02:15:08 ~-~-> 02:15:13 |wanted to see where I was in this. So I told him initially, when we were up
1632 |1631 |02:15:13 ~-~-> 02:15:18 |here, working off the top of that initial consolidation, if it takes
1633 |1632 |02:15:18 ~-~-> 02:15:22 |offering from there, because it can do that, you just put on a small piece,
1634 |1633 |02:15:22 ~-~-> 02:15:27 |okay. And because I'm teaching him just to press the button, the numbers of the
1635 |1634 |02:15:27 ~-~-> 02:15:32 |contracts is irrelevant. When you practice, just use one, don't try to do
1636 |1635 |02:15:32 ~-~-> 02:15:36 |more than one, it doesn't matter how many contracts, you're just trying to
1637 |1636 |02:15:36 ~-~-> 02:15:40 |engage it. Okay, it just so happens that it was set on five like it is normally
1638 |1637 |02:15:40 ~-~-> 02:15:44 |here. And every time I told him to press the button, this is the reaction, I want
1639 |1638 |02:15:44 ~-~-> 02:15:48 |to him to see what it feels like to push the button, the numbers of what these
1640 |1639 |02:15:48 ~-~-> 02:15:51 |trades add up to and see irrelevant, because that's not the that's not the
1641 |1640 |02:15:51 ~-~-> 02:15:56 |point here. The point is engaging, as every time it trades down into this area
1642 |1641 |02:15:56 ~-~-> 02:15:59 |here, you want those very things that you can see the prices, and then
1643 |1642 |02:15:59 ~-~-> 02:16:04 |ultimately it trades up. And when it trades up into a point where it offers
1644 |1643 |02:16:04 ~-~-> 02:16:10 |you a sense of accomplishment. Like I want to teach my son how to take a low
1645 |1644 |02:16:10 ~-~-> 02:16:18 |hanging fruit objective, because he's living 16. Like he's, he's so so new.
1646 |1645 |02:16:19 ~-~-> 02:16:26 |That is equivalent to someone that just said, Oh, trading, let me go see what
1647 |1646 |02:16:26 ~-~-> 02:16:30 |that is. And he's my son. He's heard about all his life, but looking at on a
1648 |1647 |02:16:30 ~-~-> 02:16:35 |chart, he's got a learning disability. So I have to do what I have to do with
1649 |1648 |02:16:35 ~-~-> 02:16:41 |him in a way that I feel confident he'll, he'll grow. And in the last, I
1650 |1649 |02:16:41 ~-~-> 02:16:47 |guess, three weeks, four weeks, he's shown the understanding a small growth,
1651 |1650 |02:16:47 ~-~-> 02:16:53 |but it's gonna be a long process for him, where, you know, some of you
1652 |1651 |02:16:53 ~-~-> 02:16:56 |learning from me directly, would probably take a couple of weeks, and
1653 |1652 |02:16:56 ~-~-> 02:17:01 |you'd be able to do everything you know, and find a model and there it is. But
1654 |1653 |02:17:01 ~-~-> 02:17:04 |for him, it's gonna, it's gonna take a lot. So for him, I have to teach it to
1655 |1654 |02:17:04 ~-~-> 02:17:08 |him, like he's playing a trick or like a video game. Okay. And I give him
1656 |1655 |02:17:09 ~-~-> 02:17:13 |discussion points, like, Okay, now see this level here. Now think that that's a
1657 |1656 |02:17:13 ~-~-> 02:17:18 |fort, okay, and have a fence right there. And below this area here, there
1658 |1657 |02:17:18 ~-~-> 02:17:23 |are people that have gold, because he plays a lot of games and such. And as it
1659 |1658 |02:17:23 ~-~-> 02:17:25 |drops down, and I want you to think that you're going down here to get their
1660 |1659 |02:17:25 ~-~-> 02:17:29 |gold, and you're going to run away with it. So that's the analogy I use. He's
1661 |1660 |02:17:29 ~-~-> 02:17:33 |16. But he has a mentality of someone who's like 10. So that way you can
1662 |1661 |02:17:33 ~-~-> 02:17:42 |understand where I'm coming from. So when it got to here, I said, Do you want
1663 |1662 |02:17:42 ~-~-> 02:17:49 |to think about getting out. With these relative equal highs. You don't need it
1664 |1663 |02:17:49 ~-~-> 02:17:57 |to go above those highs. But because they're even, it's smooth. It's before
1665 |1664 |02:17:57 ~-~-> 02:18:01 |we get to that level up here, right? So it's important for if you're going to
1666 |1665 |02:18:01 ~-~-> 02:18:09 |buy down here, pay yourself something easy. That level was 16,000 09 5.50. So
1667 |1666 |02:18:09 ~-~-> 02:18:15 |as it's trading up there, right there, you see little arrow here to pops up
1668 |1667 |02:18:15 ~-~-> 02:18:21 |little. Because it's called care. That little thing right there pops up just
1669 |1668 |02:18:21 ~-~-> 02:18:25 |below my cursor. That's the actual exit. And so I was teaching I said as it's
1670 |1669 |02:18:25 ~-~-> 02:18:32 |going up there, you do not need it to go above that. To make money to be right to
1671 |1670 |02:18:32 ~-~-> 02:18:37 |have a win. Okay to get a high score that type mentality. It's better if you
1672 |1671 |02:18:37 ~-~-> 02:18:41 |can time it when it goes up there. But as it was going up, that's where he
1673 |1672 |02:18:41 ~-~-> 02:18:45 |decided to push the button. Okay. You all know that it would be me reaching
1674 |1673 |02:18:45 ~-~-> 02:18:50 |above this, and there it is. But that's him pushing the button to give himself
1675 |1674 |02:18:50 ~-~-> 02:18:56 |his first win. And when you see that happen, and he smiles and that sense of
1676 |1675 |02:18:56 ~-~-> 02:19:00 |accomplishment, like I did something right, you really do really anything. He
1677 |1676 |02:19:00 ~-~-> 02:19:02 |feels like he did something and that's the encourager, and that's the same
1678 |1677 |02:19:02 ~-~-> 02:19:05 |thing that you have to do as a developing student. You got to reward
1679 |1678 |02:19:05 ~-~-> 02:19:09 |yourself. When you sit down you practice you got to have something to measure
1680 |1679 |02:19:09 ~-~-> 02:19:13 |your progress. And it just because it's it's a demo account, okay, our paper
1681 |1680 |02:19:13 ~-~-> 02:19:17 |trading account. Don't read into that and listen these fuck nuts. Okay, these
1682 |1681 |02:19:17 ~-~-> 02:19:21 |Jack legs, internet say, Oh, it's a demo accounts. Motherfucker. Listen, I pay
1683 |1682 |02:19:21 ~-~-> 02:19:26 |more taxes in one fucking quarter than you'll make in your entire fucking life,
1684 |1683 |02:19:26 ~-~-> 02:19:32 |your entire family in one fucking lifetime. So please save your bullshit,
1685 |1684 |02:19:32 ~-~-> 02:19:37 |okay, I'm teaching something that will make many people wealthy. But you don't
1686 |1685 |02:19:37 ~-~-> 02:19:41 |need to be wealthy. If you just make your ends meet. That's a success. And
1687 |1686 |02:19:41 ~-~-> 02:19:46 |that's where I aim. I aim for that. So you have you have to graduate in your
1688 |1687 |02:19:46 ~-~-> 02:19:49 |understand immensely. You can't imagine making a million dollars you can
1689 |1688 |02:19:49 ~-~-> 02:19:53 |imagine. It seems unfathomable to you right now and you're thinking you can't
1690 |1689 |02:19:53 ~-~-> 02:19:58 |make $1,000 a month because something always happens where you lose. The way
1691 |1690 |02:19:58 ~-~-> 02:20:01 |you get there is doing these types of things. thinks you have to do things
1692 |1691 |02:20:01 ~-~-> 02:20:06 |marginally smaller little incremental steps where you feel rewarded by doing
1693 |1692 |02:20:06 ~-~-> 02:20:11 |so. And but it cancels out any chance of any adverse reaction or losing money.
1694 |1693 |02:20:12 ~-~-> 02:20:14 |Because those things, even if it's a small amount of money that you lose,
1695 |1694 |02:20:14 ~-~-> 02:20:21 |they cut deep. They cut deep. And you got to remove any partner any
1696 |1695 |02:20:21 ~-~-> 02:20:30 |possibility of that happening. So anyway, we have the 16,001 or 18.75
1697 |1696 |02:20:30 ~-~-> 02:20:33 |level, I was confident before I had to leave the house to go to get to his 10
1698 |1697 |02:20:33 ~-~-> 02:20:39 |o'clock appointment. That that's, I could, I could finesse that, okay, so I
1699 |1698 |02:20:39 ~-~-> 02:20:42 |told him, I said, we're going to put limit orders in. And we're going to
1700 |1699 |02:20:42 ~-~-> 02:20:46 |stagger them all above this level here, but we're going to leave one where he
1701 |1700 |02:20:46 ~-~-> 02:20:52 |reaches for. Well, I don't know if that's the actual order. But I sent a
1702 |1701 |02:20:52 ~-~-> 02:20:55 |screenshot on the committee post where you can see the actual limit orders that
1703 |1702 |02:20:55 ~-~-> 02:20:59 |were resting in the marketplace before it spiked up like that. But then it
1704 |1703 |02:20:59 ~-~-> 02:21:03 |dropped down in here, if I would have been home and not in my car driving him.
1705 |1704 |02:21:03 ~-~-> 02:21:08 |I would have went in and told him now buy it once more here, and then rally
1706 |1705 |02:21:08 ~-~-> 02:21:13 |up. And I would have told him use half of this. I hope I can talk like this to
1707 |1706 |02:21:13 ~-~-> 02:21:17 |the real students here. Because I know sometimes, because I actually didn't do
1708 |1707 |02:21:17 ~-~-> 02:21:19 |it here. And because I'm not actually having an engineer with here, it seems
1709 |1708 |02:21:19 ~-~-> 02:21:23 |like oh, this time so I'm telling you in hindsight, but with a great deal of
1710 |1709 |02:21:23 ~-~-> 02:21:25 |surety that I would have absolutely fucking been all over this like white on
1711 |1710 |02:21:25 ~-~-> 02:21:30 |rice, I would have bought that. And then middle of this wick, let me take these
1712 |1711 |02:21:30 ~-~-> 02:21:39 |these labeling things off. Okay. See that wick right there? See, when you see
1713 |1712 |02:21:39 ~-~-> 02:21:43 |these types of things you think Steve Nielsen taught you that's a doji? Well,
1714 |1713 |02:21:43 ~-~-> 02:21:45 |that's something that's building up bearishness thought that is, this is
1715 |1714 |02:21:45 ~-~-> 02:21:50 |something I'm looking at, I'm gonna buy it. Because the gap. So what am I? How
1716 |1715 |02:21:50 ~-~-> 02:21:56 |am I going to treat it as a gap? Here's the blow the gap, which is the opening
1717 |1716 |02:21:56 ~-~-> 02:22:01 |of that candle, because the damn close candle? And here is the high of what's
1718 |1717 |02:22:01 ~-~-> 02:22:05 |occurring around the 50% level that it's accumulating what? What's it
1719 |1718 |02:22:05 ~-~-> 02:22:10 |accumulating new long positions who's buying that? My students and people that
1720 |1719 |02:22:10 ~-~-> 02:22:16 |have traded the markets like I'm teaching you, that's smart money. high
1721 |1720 |02:22:16 ~-~-> 02:22:19 |frequency trading algorithms are using that very specific price level right
1722 |1721 |02:22:19 ~-~-> 02:22:24 |there. They can make new Long's What is he reaching for a high frequency trading
1723 |1722 |02:22:24 ~-~-> 02:22:29 |algorithm will buy that level and sell it here right above the high. If they
1724 |1723 |02:22:29 ~-~-> 02:22:33 |hold more, they'll sell when it breaks above this high right there. That's
1725 |1724 |02:22:33 ~-~-> 02:22:38 |running down equity. That's high frequency trading algorithm. In a
1726 |1725 |02:22:38 ~-~-> 02:22:46 |nutshell. Every single time the market runs to a new higher high, it's taking
1727 |1726 |02:22:46 ~-~-> 02:22:51 |something off as it retraces and goes lower retail things, okay, it's created,
1728 |1727 |02:22:51 ~-~-> 02:22:55 |what 123 drives pattern, it's gonna go lower the fucking days, why it's gonna
1729 |1728 |02:22:55 ~-~-> 02:23:02 |go up to the higher objectives. Reaching up into that 16,000 208, I can't be in
1730 |1729 |02:23:02 ~-~-> 02:23:06 |front of the chart, because I'm at a dentist, I can't manage the position,
1731 |1730 |02:23:06 ~-~-> 02:23:10 |because I'm going to be talking to this dentist. So I did everything with the
1732 |1731 |02:23:10 ~-~-> 02:23:12 |setup, telling him place your limit order here, here, here, here, here. And
1733 |1732 |02:23:12 ~-~-> 02:23:16 |you can see those very prices on the community post. Okay, before all these
1734 |1733 |02:23:16 ~-~-> 02:23:19 |filled, put them back on again.
1735 |1734 |02:23:22 ~-~-> 02:23:30 |They were staggered all above, in here above that 16,001 18.75 level, which was
1736 |1735 |02:23:30 ~-~-> 02:23:33 |the 15 Minute relatively equal highs that I was teaching the beginning of
1737 |1736 |02:23:33 ~-~-> 02:23:36 |this presentation, that retail thought was a safe area to have their stock
1738 |1737 |02:23:36 ~-~-> 02:23:45 |falls. Okay. Now let's go in and talk about why I chose those levels for the
1739 |1738 |02:23:45 ~-~-> 02:23:47 |limit orders. So I'll take these off.
1740 |1739 |02:23:57 ~-~-> 02:24:04 |Right? And actually, before I do that, do you see how this right here is the
1741 |1740 |02:24:04 ~-~-> 02:24:09 |same thing, this is that shaded mean take this off, we don't do that anymore.
1742 |1741 |02:24:10 ~-~-> 02:24:16 |This single candle right here, it trades back down into and then runs higher.
1743 |1742 |02:24:16 ~-~-> 02:24:22 |That's the same thing that's occurring. Right here. rallies up, comes back down
1744 |1743 |02:24:22 ~-~-> 02:24:27 |into it, and then rallies higher, and then it comes back down into a deeper
1745 |1744 |02:24:27 ~-~-> 02:24:32 |why because it left this portion open between here in here. The other day I
1746 |1745 |02:24:32 ~-~-> 02:24:36 |was showing the trade where I had the opening range highlighted. It was me
1747 |1746 |02:24:36 ~-~-> 02:24:39 |adjusting to what was remaining in terms of the opening range. The opening range
1748 |1747 |02:24:39 ~-~-> 02:24:46 |gap is where we open at 930 to where we settled previous day. So that's my
1749 |1748 |02:24:46 ~-~-> 02:24:53 |opening range. And there's lectures this been presented about in your lectures
1750 |1749 |02:24:53 ~-~-> 02:24:58 |taught going forward but if I can, if I confused you and I saw a few people post
1751 |1750 |02:24:58 ~-~-> 02:25:03 |in the comment section on that video saying why that habit highlighted there.
1752 |1751 |02:25:03 ~-~-> 02:25:07 |And why not at the higher point, it's because it was already trading lower at
1753 |1752 |02:25:07 ~-~-> 02:25:11 |the time. And I was only interested taking the trade when I got down to that
1754 |1753 |02:25:11 ~-~-> 02:25:18 |lower degree. And just because I'm looking at a position, or let me say
1755 |1754 |02:25:18 ~-~-> 02:25:22 |this way, just because you're watching me put on a position, and I'm annotating
1756 |1755 |02:25:22 ~-~-> 02:25:26 |the chart, I'm annotating it based on what I see at the time, and opening
1757 |1756 |02:25:26 ~-~-> 02:25:30 |ranges and evolving thing. Once 930 comes in the opening bell occurs,
1758 |1757 |02:25:30 ~-~-> 02:25:33 |whatever the difference is between the opening price and where settlement was
1759 |1758 |02:25:33 ~-~-> 02:25:40 |the previous day, that range is gonna either reduce in narrow as it starts to
1760 |1759 |02:25:40 ~-~-> 02:25:45 |close in and fill it for repriced, back to the previous day's settlement, or it
1761 |1760 |02:25:45 ~-~-> 02:25:51 |stays open and just keeps on running. So it will depend upon when I sit down and
1762 |1761 |02:25:51 ~-~-> 02:25:54 |start taking a trade or if I do analysis, or I have to wait for
1763 |1762 |02:25:54 ~-~-> 02:25:57 |Camtasia. Or sometimes my computer's just like yours, it starts doing Windows
1764 |1763 |02:25:57 ~-~-> 02:26:01 |update when you don't want it to all those things slow down the process of me
1765 |1764 |02:26:01 ~-~-> 02:26:07 |getting the recording started. And it may not be a time where I have the
1766 |1765 |02:26:07 ~-~-> 02:26:10 |annotation for the opening range, showing the entirety of where it would
1767 |1766 |02:26:10 ~-~-> 02:26:14 |have been if you watched it right as 930 opening bell curve. So I'm answering
1768 |1767 |02:26:14 ~-~-> 02:26:20 |that question also too. But this here. Don't worry, I did not forget about why
1769 |1768 |02:26:20 ~-~-> 02:26:24 |I chose those limit orders. But I wanted to throw this in here. But if I don't
1770 |1769 |02:26:24 ~-~-> 02:26:30 |talk about now, I will forget this part. This same area here is this shaded area
1771 |1770 |02:26:30 ~-~-> 02:26:35 |here the same idea. It's going up and then it comes back down. Okay, here's
1772 |1771 |02:26:35 ~-~-> 02:26:41 |another 123 jobs pattern, it's gone short note ain't no one ain't. That this
1773 |1772 |02:26:41 ~-~-> 02:26:48 |is an inefficiency. So this inefficiency between this candle is high. And this
1774 |1773 |02:26:48 ~-~-> 02:26:53 |candles low, it only has one single pass through only upside. What is an up close
1775 |1774 |02:26:53 ~-~-> 02:26:58 |candle. That means it's a fair value gap in a form of a busy buy side in balance,
1776 |1775 |02:26:59 ~-~-> 02:27:03 |sell side in efficient, meaning it needs to have in a perfect world in a
1777 |1776 |02:27:03 ~-~-> 02:27:07 |symmetrical market, there's going to be a future delivery of price that's going
1778 |1777 |02:27:07 ~-~-> 02:27:11 |to overlap all of this and come back down in a perfect world to touch this
1779 |1778 |02:27:11 ~-~-> 02:27:18 |candles high right there. But what can it do? Also? It can because it's a down
1780 |1779 |02:27:18 ~-~-> 02:27:21 |closed candle. It can trade to the opening of it. Why? Because it's an
1781 |1780 |02:27:21 ~-~-> 02:27:27 |order block. So it's two things there. It's two PD arrays. So this level closes
1782 |1781 |02:27:27 ~-~-> 02:27:32 |the inefficiency. So selling down to it. Look at the bodies of the candles. Does
1783 |1782 |02:27:32 ~-~-> 02:27:38 |it satisfy that? Sure does. Do the bodies closed below the fair value gap
1784 |1783 |02:27:38 ~-~-> 02:27:43 |low? Which is this candle time? Nope. But what did the wicks do? It digs into
1785 |1784 |02:27:43 ~-~-> 02:27:49 |this down close candle. Why? Because it's an order block. So when you're
1786 |1785 |02:27:49 ~-~-> 02:27:54 |placing a stop loss, you have to confer with what you're trading up against? Is
1787 |1786 |02:27:54 ~-~-> 02:27:58 |it just one PD Right? Or is it a PD raid it overlaps one another like this thing
1788 |1787 |02:27:58 ~-~-> 02:28:02 |does. Because look, look at the complexity of if you are going to use
1789 |1788 |02:28:02 ~-~-> 02:28:06 |this as your entry, say this was the silver bullet because it's exactly what
1790 |1789 |02:28:06 ~-~-> 02:28:10 |this if I was trading this silver bowl, this is how I would have traded it, I
1791 |1790 |02:28:10 ~-~-> 02:28:16 |would have traded it as it traded rate to this low here and touch this, I would
1792 |1791 |02:28:16 ~-~-> 02:28:20 |have waited to see if it wants to trade into the body of this candle in allowing
1793 |1792 |02:28:20 ~-~-> 02:28:29 |for and as much as what midpoint of that wick. Why? Because that's constant
1794 |1793 |02:28:29 ~-~-> 02:28:33 |encouragement, it could trade all way back down and touch the midpoint of
1795 |1794 |02:28:33 ~-~-> 02:28:40 |that. And if your stop loss is just above that you're getting roasted, and
1796 |1795 |02:28:40 ~-~-> 02:28:42 |then when it turns against you and starts moving in your favor, you're
1797 |1796 |02:28:42 ~-~-> 02:28:46 |gonna be mad. So these are instances where my stop loss would be a little bit
1798 |1797 |02:28:46 ~-~-> 02:28:50 |wider than it would be in other instances. If this would have been a
1799 |1798 |02:28:50 ~-~-> 02:28:55 |bold faced bearish candle, then I would only expect it the touch the opening and
1800 |1799 |02:28:55 ~-~-> 02:29:00 |maybe just the below the opening of it. But because it has this wick here, I
1801 |1800 |02:29:00 ~-~-> 02:29:04 |have to allow for the potential for it to trade down to respect the consequent
1802 |1801 |02:29:04 ~-~-> 02:29:08 |Crotona, that which would also upset those individuals that have a stoploss
1803 |1802 |02:29:08 ~-~-> 02:29:13 |there, it might squeeze them out without needing to trade below there. You follow
1804 |1803 |02:29:13 ~-~-> 02:29:20 |I'm saying so like I'm gonna hear you but the bodies are they're telling me
1805 |1804 |02:29:20 ~-~-> 02:29:23 |that it's not trying to do that now because we tried to go down there and in
1806 |1805 |02:29:23 ~-~-> 02:29:28 |this candle closed it did not close outside of the fair value gap here. And
1807 |1806 |02:29:28 ~-~-> 02:29:33 |now we can be long we can we can be a buyer right as this candle opens up,
1808 |1807 |02:29:34 ~-~-> 02:29:40 |that's when I would be buying as early as I can pushing the button. I'm getting
1809 |1808 |02:29:40 ~-~-> 02:29:44 |in there. I would if it was an opportunity for me and if it was a
1810 |1809 |02:29:44 ~-~-> 02:29:48 |timeframe other than one minute chart, you know had the afforded luxury of
1811 |1810 |02:29:49 ~-~-> 02:29:53 |using the opening price here I would have a limit order. Now to place it at
1812 |1811 |02:29:53 ~-~-> 02:29:57 |that opening price that way if I got that price or less, that's where it
1813 |1812 |02:29:57 ~-~-> 02:30:01 |would fill me. And then that would be my entry order. Am I Stop Loss would still
1814 |1813 |02:30:01 ~-~-> 02:30:06 |be just below here. Because you could go one more time and create another Mohawk
1815 |1814 |02:30:06 ~-~-> 02:30:11 |trade below this one, dig into that one and then rip higher. So I'm teaching you
1816 |1815 |02:30:11 ~-~-> 02:30:15 |start management. Here it also today, I'm giving you a fucking clinic for
1817 |1816 |02:30:15 ~-~-> 02:30:19 |free, you should be thankful. So over here, same thing, same premise, we have
1818 |1817 |02:30:19 ~-~-> 02:30:23 |a small little gap there. That's what's being respected with the bodies, you see
1819 |1818 |02:30:23 ~-~-> 02:30:34 |that? But the wick here, half of that written here. Then it rounds. Was it
1820 |1819 |02:30:34 ~-~-> 02:30:40 |rallying for it's been drawn up into that 16,000 208 level is being drawn up
1821 |1820 |02:30:40 ~-~-> 02:30:46 |there? Do you need it? Do you need it to trade there? If you're trading the
1822 |1821 |02:30:46 ~-~-> 02:30:53 |silver bullet? No. What do you need? You needed? Liquidity pool? This is a this
1823 |1822 |02:30:53 ~-~-> 02:30:57 |is one on the day or the session? What is this over here? Is this chopped
1824 |1823 |02:30:57 ~-~-> 02:31:01 |liver? No. There's liquidity resting above that. So if you were trading the
1825 |1824 |02:31:01 ~-~-> 02:31:08 |silver bullet going long, based on how I would have traded it, there is another
1826 |1825 |02:31:08 ~-~-> 02:31:12 |opportunity right here because you're trading back into what time is 1042? Can
1827 |1826 |02:31:12 ~-~-> 02:31:16 |you treat it as a silver bullet? Absolutely. Because it's not 11 o'clock
1828 |1827 |02:31:16 ~-~-> 02:31:20 |or after it right? So that's the silver bullet, using the logic and the drama
1829 |1828 |02:31:20 ~-~-> 02:31:26 |coding, I made public to everyone before it traded there. Go along, push the
1830 |1829 |02:31:26 ~-~-> 02:31:31 |button as it happens. Put your stop loss rate below there. And just see what
1831 |1830 |02:31:31 ~-~-> 02:31:37 |happens. When it gets here, close it. But ICT What if it goes up to here or
1832 |1831 |02:31:37 ~-~-> 02:31:41 |when it goes past? Who gives a shit? You don't know what's going to do that when
1833 |1832 |02:31:41 ~-~-> 02:31:45 |you're doing this? You have to learn that. And in fact, you can see, by not
1834 |1833 |02:31:45 ~-~-> 02:31:49 |taking that partial here. You would miss the opportunity because it comes all the
1835 |1834 |02:31:49 ~-~-> 02:31:54 |way back down and swipes it. But what is it doing? It's only cleaning up the
1836 |1835 |02:31:54 ~-~-> 02:32:03 |edges over here. What's this relative equal lows? Relative equal lows? This is
1837 |1836 |02:32:03 ~-~-> 02:32:07 |the old high on a 50 minute chart. If it's support resistance, this should
1838 |1837 |02:32:07 ~-~-> 02:32:13 |come down to us that line, does it? Nope. But what is it really doing?
1839 |1838 |02:32:14 ~-~-> 02:32:18 |Cleaning up these relative equal lows. It's trading just below that low here.
1840 |1839 |02:32:21 ~-~-> 02:32:26 |Goes back up. Now we're using what that fair value gap again, that's a reclaimed
1841 |1840 |02:32:26 ~-~-> 02:32:30 |order block. Sorry, reclaimed fair value gap difference, there's a difference.
1842 |1841 |02:32:31 ~-~-> 02:32:36 |It's not an inversion fair value gap. It's a reclaimed fair a gap, it means
1843 |1842 |02:32:36 ~-~-> 02:32:40 |it's being used again, even though it's white, both sides of it, the algorithm
1844 |1843 |02:32:40 ~-~-> 02:32:44 |is going to still refer back to it. Why? Because the underlying narrative has not
1845 |1844 |02:32:44 ~-~-> 02:32:46 |paid out yet which is delivered to the boss of liquidity it has yet to be
1846 |1845 |02:32:46 ~-~-> 02:32:50 |traded to. And now there's larger pool of liquidity because now we have this
1847 |1846 |02:32:50 ~-~-> 02:32:55 |high that hasn't been purged yet. So this high, plus the 15 Minute highs
1848 |1847 |02:32:55 ~-~-> 02:32:59 |comes out I'm sorry, the old daily high. And then we still have the weekly
1849 |1848 |02:32:59 ~-~-> 02:33:05 |objective up here. So all these built on context and narrative that helps you
1850 |1849 |02:33:05 ~-~-> 02:33:09 |keep your focus on what's on the market you're trading on. You're not falling
1851 |1850 |02:33:09 ~-~-> 02:33:13 |victim to oh, I don't know what to do. Or let me change my mind prematurely and
1852 |1851 |02:33:13 ~-~-> 02:33:16 |follow someone else because they're shortening the life dream. And then
1853 |1852 |02:33:16 ~-~-> 02:33:19 |you're claiming they made money today. And then you just follow them talk all
1854 |1853 |02:33:19 ~-~-> 02:33:23 |that you have to be independent in your thought process. So when we traded down
1855 |1854 |02:33:23 ~-~-> 02:33:26 |below, there's relatively equal lows over here. I'll say this, then we're
1856 |1855 |02:33:26 ~-~-> 02:33:30 |gonna go into the target. When it cleaned up this area here, what do we
1857 |1856 |02:33:30 ~-~-> 02:33:35 |get another run up? We start appealing inside that same fair buy, you get right
1858 |1857 |02:33:35 ~-~-> 02:33:39 |there. Nothing has changed on there to the only thing has happened is we traded
1859 |1858 |02:33:39 ~-~-> 02:33:45 |down to clean up trailed stop losses, which is a convenient way of picking up
1860 |1859 |02:33:45 ~-~-> 02:33:48 |a discount when you're still trying to get long for higher prices to market
1861 |1860 |02:33:48 ~-~-> 02:33:52 |then does what it rallies up. Does it rip away and take off? No, it goes right
1862 |1861 |02:33:52 ~-~-> 02:33:56 |back up here. And it allows the smart money to accumulate in here.
1863 |1862 |02:33:57 ~-~-> 02:34:03 |Let's go along. Why? Because it's telling them look, I'm respecting
1864 |1863 |02:34:03 ~-~-> 02:34:06 |something that you would have bought already over here. We've already stopped
1865 |1864 |02:34:06 ~-~-> 02:34:12 |out the stops here. And all these clean levels here. All of this, then this
1866 |1865 |02:34:12 ~-~-> 02:34:19 |consolidation sets the tone for a ramp hire. Now this gap right here, why did
1867 |1866 |02:34:19 ~-~-> 02:34:22 |it go here and not go down? Because the narrative is still it's going to go here
1868 |1867 |02:34:22 ~-~-> 02:34:28 |and potentially up to here. It's bullish. So when we see this my mind
1869 |1868 |02:34:28 ~-~-> 02:34:32 |doesn't say oh, let's go short. There are this is an optimal trade entry. This
1870 |1869 |02:34:32 ~-~-> 02:34:39 |is a perfect selling short nobody. This is an inversion fair value yet this to
1871 |1870 |02:34:39 ~-~-> 02:34:46 |here, right every year. Here's the color I always use. What is it doing? Trades
1872 |1871 |02:34:46 ~-~-> 02:34:50 |back down to the inversion fair value gap and right into this gap in and of
1873 |1872 |02:34:50 ~-~-> 02:34:56 |itself. See that? All these things build on one another. And as I'm watching
1874 |1873 |02:34:56 ~-~-> 02:34:59 |price and I sat with you this past year, and I did live tape reading right called
1875 |1874 |02:34:59 ~-~-> 02:35:03 |Air Every single fucking candle on a one minute chart. And sometimes I was
1876 |1875 |02:35:03 ~-~-> 02:35:06 |dealing with less than a minute chart, it was on seconds. And I was telling you
1877 |1876 |02:35:06 ~-~-> 02:35:13 |exactly how the candles going to behave and it behaved. That's experience,
1878 |1877 |02:35:13 ~-~-> 02:35:16 |that's understanding that's authorship. It's knowing what the fuck you're doing.
1879 |1878 |02:35:17 ~-~-> 02:35:21 |But the more important thing is knowing when not to do something and why you
1880 |1879 |02:35:21 ~-~-> 02:35:24 |shouldn't be doing it. Those are the lessons that I can only give you
1881 |1880 |02:35:24 ~-~-> 02:35:28 |guidelines on. Because the majority of the things you're going to do that you
1882 |1881 |02:35:28 ~-~-> 02:35:31 |shouldn't do are going to be, they're going to be instigated by your own
1883 |1882 |02:35:31 ~-~-> 02:35:35 |personality and character falls. And I know you don't want to hear that. But I
1884 |1883 |02:35:35 ~-~-> 02:35:40 |have character falls. I I've already said more F words in this presentation
1885 |1884 |02:35:40 ~-~-> 02:35:45 |than I wanted to. I didn't want to say any answers yet. But when I'm allowed
1886 |1885 |02:35:45 ~-~-> 02:35:52 |to, this is what happens sometimes. And it's unfortunate, but I'm human. And I
1887 |1886 |02:35:53 ~-~-> 02:35:59 |want you to understand that there's a there's a limit to any mentor. All of us
1888 |1887 |02:35:59 ~-~-> 02:36:03 |that know how to do something, whether it be trading or whatnot, all of us can
1889 |1888 |02:36:03 ~-~-> 02:36:08 |guide you and give you the greatest advice that we have for you. And you can
1890 |1889 |02:36:08 ~-~-> 02:36:13 |do well with that. But you still bring your own emotional baggage and your own
1891 |1890 |02:36:13 ~-~-> 02:36:18 |character flaws and personality deficiencies. The things that make you
1892 |1891 |02:36:18 ~-~-> 02:36:23 |derail yourself in everything in life, your personal relationships, your jobs,
1893 |1892 |02:36:23 ~-~-> 02:36:27 |do you have a lot of jobs? Did you get fired a lot? You have an issue with
1894 |1893 |02:36:27 ~-~-> 02:36:31 |authority? Why are you going to submit to a role based idea or a trading plan?
1895 |1894 |02:36:34 ~-~-> 02:36:38 |Think Like, these are real things that nobody talks about in books, because
1896 |1895 |02:36:38 ~-~-> 02:36:43 |they don't want you to put the book down and discuss because the disgust of you
1897 |1896 |02:36:43 ~-~-> 02:36:48 |referring and reflecting on your own inability to be a functioning adult.
1898 |1897 |02:36:50 ~-~-> 02:36:54 |It's gonna make you feel alienated as the author as a as a reader of that
1899 |1898 |02:36:54 ~-~-> 02:36:59 |book. And you'll hate the author. And that's why I believe most people that
1900 |1899 |02:36:59 ~-~-> 02:37:03 |don't want to my ideas they keep you can't get past the fact that I'm telling
1901 |1900 |02:37:03 ~-~-> 02:37:06 |them, they're the fuckup. They're the they're the reason why they can't do it.
1902 |1901 |02:37:06 ~-~-> 02:37:11 |But I'm being honest with you. If you were my relative, if you were my child,
1903 |1902 |02:37:11 ~-~-> 02:37:15 |I'd be telling you the same thing. You're doing this, you're doing it
1904 |1903 |02:37:15 ~-~-> 02:37:19 |wrong, this is what you're doing wrong, you need to stop doing this, try doing
1905 |1904 |02:37:19 ~-~-> 02:37:23 |these things to replace that bad habit, it may not be successful. If it doesn't,
1906 |1905 |02:37:23 ~-~-> 02:37:26 |I'll try to find something else to replace that bad habit. But you have to
1907 |1906 |02:37:26 ~-~-> 02:37:30 |at least admit and identify that you have a bad habit that you choose to keep
1908 |1907 |02:37:30 ~-~-> 02:37:35 |repeating. And every time I blew an account as a 20 year old, I did the same
1909 |1908 |02:37:35 ~-~-> 02:37:41 |shit all the time. Just like you're doing it right now. And until someone
1910 |1909 |02:37:41 ~-~-> 02:37:44 |puts their foot in your ass and tells you that you're the problem, you're
1911 |1910 |02:37:44 ~-~-> 02:37:48 |going to continuously do it. In every one of my profitable students have came
1912 |1911 |02:37:48 ~-~-> 02:37:51 |to the conclusion that you know what, there was a time period where it was me
1913 |1912 |02:37:51 ~-~-> 02:37:55 |doing it all wrong. And I was trying to force my opinion, my will I want to
1914 |1913 |02:37:55 ~-~-> 02:37:59 |bring my favorite technique or my my faith in something else before learning
1915 |1914 |02:37:59 ~-~-> 02:38:03 |this and try to move it in here somehow weave it into the fabric of ICT and
1916 |1915 |02:38:03 ~-~-> 02:38:07 |Smart Money concepts. And then when you stop trying to do that stuff, and just
1917 |1916 |02:38:07 ~-~-> 02:38:11 |stick to the rule based ideas I present. It's not complicated, but it's still
1918 |1917 |02:38:11 ~-~-> 02:38:15 |very fucking hard trying to do that because it's forcing you to be
1919 |1918 |02:38:15 ~-~-> 02:38:20 |responsible and trading is being responsible during uncertainty at all
1920 |1919 |02:38:20 ~-~-> 02:38:24 |times. Until you get add that trade with the when it's uncertainty. You're gonna
1921 |1920 |02:38:24 ~-~-> 02:38:28 |go home profitable. Are you comfortable with that? Because there's a lot of
1922 |1921 |02:38:28 ~-~-> 02:38:34 |people in this world aren't. But you have to be. So anyway. Let me take all
1923 |1922 |02:38:34 ~-~-> 02:38:36 |this business off because it's too much for me now.
1924 |1923 |02:38:49 ~-~-> 02:38:54 |What do you think it's gonna go? This doesn't look like it's trying to get up
1925 |1924 |02:38:54 ~-~-> 02:38:58 |here. It's like a magnet drawing up here. It doesn't need to get up there,
1926 |1925 |02:38:58 ~-~-> 02:39:02 |folks. But can you at least appreciate the fact that knowing this level is
1927 |1926 |02:39:02 ~-~-> 02:39:08 |where there's orders. They're just keeping it going up and up and up.
1928 |1927 |02:39:08 ~-~-> 02:39:14 |They're trying to sell shortly move like that. I did. I tried to do that stuff in
1929 |1928 |02:39:14 ~-~-> 02:39:18 |pork bellies, and I handed in my ass, okay. I didn't know why it wasn't going
1930 |1929 |02:39:18 ~-~-> 02:39:22 |down every every indicator I plotted that was overbought, and diverts.
1931 |1930 |02:39:22 ~-~-> 02:39:26 |bearishly told me it was gonna keep going down. And it kept kept going up.
1932 |1931 |02:39:26 ~-~-> 02:39:29 |Because I didn't know how to trade. That's, that's the that's the reality.
1933 |1932 |02:39:30 ~-~-> 02:39:33 |And in the beginning, you don't know how to trade and there's a lot of things you
1934 |1933 |02:39:33 ~-~-> 02:39:36 |have to learn. But let's go back into this area here. Okay.
1935 |1934 |02:39:42 ~-~-> 02:39:51 |All right. So we have the orders here, or the limit orders were being filled in
1936 |1935 |02:39:52 ~-~-> 02:40:00 |this price leg from here, down. You see that? Right there? If we look at that
1937 |1936 |02:40:00 ~-~-> 02:40:03 |where I was showing my son, okay, push the button because that way you can
1938 |1937 |02:40:03 ~-~-> 02:40:08 |capitalize on if it runs away, you have something on and perfect world, this
1939 |1938 |02:40:08 ~-~-> 02:40:12 |would have been one contract. And all of these would have been one contract in
1940 |1939 |02:40:12 ~-~-> 02:40:16 |here. But again, don't pay attention to the number of the contracts. It's not
1941 |1940 |02:40:16 ~-~-> 02:40:19 |about the money. It's not about the size. We're not even talking about that
1942 |1941 |02:40:19 ~-~-> 02:40:24 |we're talking about how to scale in and build in your confidence level, how it
1943 |1942 |02:40:24 ~-~-> 02:40:26 |trades into a specific level with the context and a narrative that the market
1944 |1943 |02:40:26 ~-~-> 02:40:31 |should deliver a specific direction and a specific price level as an acting,
1945 |1944 |02:40:32 ~-~-> 02:40:36 |drawing liquidity or pulling price in one direction. This is how you submit to
1946 |1945 |02:40:36 ~-~-> 02:40:41 |those ideas. How do you hold on to a trade ICT, I have a hard time holding
1947 |1946 |02:40:41 ~-~-> 02:40:48 |trades, Michael Potomac. The idea is you have to have a higher timeframe premise
1948 |1947 |02:40:48 ~-~-> 02:40:52 |like I've outlined here, and submit yourself to it. If you have more than
1949 |1948 |02:40:52 ~-~-> 02:40:55 |one contract, and you feel the impulsiveness and want to close the
1950 |1949 |02:40:55 ~-~-> 02:41:00 |trade, just take one off, roll the stock to break even plus commissions and let
1951 |1950 |02:41:00 ~-~-> 02:41:08 |it go walk away. That's the first step. And then whether it stops you out or
1952 |1951 |02:41:08 ~-~-> 02:41:12 |whether it hits the target or not, you have to be comfortable in accepting
1953 |1952 |02:41:12 ~-~-> 02:41:16 |that. And the easiest way. And I'm not saying it's easy, but it's the easiest
1954 |1953 |02:41:16 ~-~-> 02:41:20 |way to submit to it is once you do that, and you set your stop loss to break even
1955 |1954 |02:41:20 ~-~-> 02:41:24 |plus commissions and costs. And you've already took one partial off, you set
1956 |1955 |02:41:24 ~-~-> 02:41:29 |your target to the 16,000 208. Or if you had three, you take one off at some
1957 |1956 |02:41:29 ~-~-> 02:41:34 |level here like we did. And if it gets 16,000 to eight, you take it off there.
1958 |1957 |02:41:34 ~-~-> 02:41:38 |And then you leave the one up here. And you wrote your stop loss to what you
1959 |1958 |02:41:38 ~-~-> 02:41:44 |took your first profit just below that. And just let it happen. Accept the
1960 |1959 |02:41:44 ~-~-> 02:41:50 |outcome, whatever it is accept it. Because if you've taken to partial or
1961 |1960 |02:41:50 ~-~-> 02:41:55 |even if you've just taken one and it stops you out, are you a losing trader?
1962 |1961 |02:41:55 ~-~-> 02:42:02 |Fuck now? Are you a failed trader? No. Do you have failed my model? No. Are you
1963 |1962 |02:42:02 ~-~-> 02:42:07 |going in the wrong direction? No. Are you adding new equity are your bottom
1964 |1963 |02:42:07 ~-~-> 02:42:17 |line? Yes. Are you better than you were today before? Yes. So why are you not
1965 |1964 |02:42:17 ~-~-> 02:42:22 |doing those things? Instead of saying, and I'm not trying to beat up on Michael
1966 |1965 |02:42:22 ~-~-> 02:42:26 |Todd, please don't. Don't be upset that I mentioned your name. But as I've seen
1967 |1966 |02:42:26 ~-~-> 02:42:30 |it several times, and I see it with every other live streamer that trades.
1968 |1967 |02:42:30 ~-~-> 02:42:35 |And I see it a lot with my own students that repeat the same question to me. How
1969 |1968 |02:42:35 ~-~-> 02:42:41 |do you have the ability to hold these trades new for longer periods. If you
1970 |1969 |02:42:41 ~-~-> 02:42:46 |don't see the higher timeframe drawl or targets that could potentially reach for
1971 |1970 |02:42:46 ~-~-> 02:42:51 |these are what I call my best case or optimal Terminus levels. So that means
1972 |1971 |02:42:51 ~-~-> 02:42:55 |they're the literally the best of the best of the best. If everything was
1973 |1972 |02:42:55 ~-~-> 02:43:01 |perfect is exactly what the price would go to. I have to submit to that idea.
1974 |1973 |02:43:02 ~-~-> 02:43:06 |And while most of my trades don't get to those best case exits, because I'm
1975 |1974 |02:43:06 ~-~-> 02:43:12 |actively managing the trade, I'm taking partials if it's uncertainty, or if it's
1976 |1975 |02:43:12 ~-~-> 02:43:15 |me teaching, I'm doing partials most of the time as a teacher. Like when I'm
1977 |1976 |02:43:15 ~-~-> 02:43:20 |when I'm trading with a demo. I'm many times taking partials for the purposes
1978 |1977 |02:43:20 ~-~-> 02:43:23 |of teaching it to you because if I'm your teacher, I'm the captain of this
1979 |1978 |02:43:23 ~-~-> 02:43:27 |vessel. And I'm teaching you as my first mates. Hey, I'm the captain. This is
1980 |1979 |02:43:27 ~-~-> 02:43:31 |what we do. I run the ship like this. And if you want to be a good captain,
1981 |1980 |02:43:31 ~-~-> 02:43:34 |this is how I navigate. You're going to do what you're going to take partials
1982 |1981 |02:43:34 ~-~-> 02:43:36 |to, you're not going to be embarrassed about taking partials because some of
1983 |1982 |02:43:36 ~-~-> 02:43:40 |y'all who on fucking Twitter do this and beauty is profitable. We'll say Parcells
1984 |1983 |02:43:40 ~-~-> 02:43:45 |is not good. When partials 100% of the time pay, they're profitable all the
1985 |1984 |02:43:45 ~-~-> 02:43:48 |time. There's never been a partial profit. That's never been profitable.
1986 |1985 |02:43:49 ~-~-> 02:43:55 |Okay. So by me teaching you to operate in practice with a demo, and I'm out
1987 |1986 |02:43:55 ~-~-> 02:44:01 |here in the the role of a teacher Fuu they call it guru, an educator, a
1988 |1987 |02:44:01 ~-~-> 02:44:05 |mentor, whatever. I'm doing it with a medium that protects me legally, but it
1989 |1988 |02:44:05 ~-~-> 02:44:10 |also it removes the stigmatism is placed around it because everybody else says,
1990 |1989 |02:44:10 ~-~-> 02:44:13 |Oh, it's a demo. But if you're trading in a fucking combine your training and
1991 |1990 |02:44:13 ~-~-> 02:44:17 |demo your training and demo. You call them fuck you want to call it but it's
1992 |1991 |02:44:18 ~-~-> 02:44:21 |in reality. It's the demo. I'm going to express funded account. You're gonna
1993 |1992 |02:44:21 ~-~-> 02:44:27 |fucking demo. It's a demo period, knowing differences you paid for your
1994 |1993 |02:44:27 ~-~-> 02:44:31 |demo. I'm not paying for it. And I'm teaching people how to trade properly.
1995 |1994 |02:44:32 ~-~-> 02:44:35 |And they're going to that same company or companies like it, and they're
1996 |1995 |02:44:35 ~-~-> 02:44:41 |getting payouts. So where's the argument here? There's none. So you hold on to
1997 |1996 |02:44:41 ~-~-> 02:44:49 |the trade based on some level that's above an intraday chart. What is that a
1998 |1997 |02:44:49 ~-~-> 02:44:54 |daily chart? There has to be something that you're aiming for. Where do you get
1999 |1998 |02:44:54 ~-~-> 02:45:01 |that on your weekend? Remember, I told you my objective for the weak was a
2000 |1999 |02:45:01 ~-~-> 02:45:07 |potential draw up to here. Whether it gets there or not is irrelevant. It
2001 |2000 |02:45:07 ~-~-> 02:45:11 |doesn't matter to me if it goes there, because there's lots of trades I can
2002 |2001 |02:45:11 ~-~-> 02:45:14 |find throughout the entirety of the week that will have that underlying premise
2003 |2002 |02:45:14 ~-~-> 02:45:18 |or reason for the market to want to go higher. And it can get real close to it
2004 |2003 |02:45:18 ~-~-> 02:45:24 |and then fail. It can go to where it's gone today, and never go any higher and
2005 |2004 |02:45:24 ~-~-> 02:45:30 |be done. And be done. Does it change the underlying profitability of my
2006 |2005 |02:45:30 ~-~-> 02:45:37 |executions today? No. And that's where you want to aim for in your trading.
2007 |2006 |02:45:38 ~-~-> 02:45:43 |Once you get to this point here, where outcome is not the result that matters
2008 |2007 |02:45:43 ~-~-> 02:45:48 |for you. It's this are you making money. everybody's opinion about how you trade
2009 |2008 |02:45:48 ~-~-> 02:45:52 |how I teach what I do, what I don't do, is irrelevant. If you're making money,
2010 |2009 |02:45:53 ~-~-> 02:45:59 |period. It's about making money stuff, it's putting coins in your pocket. Who
2011 |2010 |02:45:59 ~-~-> 02:46:02 |gives a shit when anybody else thinks, because you're living, you're making
2012 |2011 |02:46:02 ~-~-> 02:46:06 |your ends meet, you're proving to your spouse, you're proving to yourself and
2013 |2012 |02:46:06 ~-~-> 02:46:09 |anybody else, you want to make that knowledge, known to them, that you're a
2014 |2013 |02:46:09 ~-~-> 02:46:14 |trader, that you can take profits out of the marketplace, when 99% of the people
2015 |2014 |02:46:14 ~-~-> 02:46:19 |that tried can't. And if you're able to take profits out, regardless of the size
2016 |2015 |02:46:19 ~-~-> 02:46:24 |of them, you should be encouraged by that because you are in a small, small
2017 |2016 |02:46:24 ~-~-> 02:46:31 |segment of this industry. Because most of them lose consistently. If you're
2018 |2017 |02:46:31 ~-~-> 02:46:36 |taking money out, you are absolutely successful. And don't look at that and
2019 |2018 |02:46:36 ~-~-> 02:46:42 |think, Oh, I'm gonna race faster to get to a millionaire. Because being a
2020 |2019 |02:46:42 ~-~-> 02:46:45 |millionaire, just means you're gonna have more money problems. It's a good
2021 |2020 |02:46:45 ~-~-> 02:46:50 |thing to have that kind of problem. But it's just more of the same stuff on a
2022 |2021 |02:46:50 ~-~-> 02:46:54 |grander scale. You buy stuff that cost more to insure you buy stuff that people
2023 |2022 |02:46:54 ~-~-> 02:46:57 |want to take from you in lawsuits, and they didn't even fucking earn it, you
2024 |2023 |02:46:57 ~-~-> 02:47:00 |got people trying to drive in front of you and slam their brakes on because
2025 |2024 |02:47:00 ~-~-> 02:47:03 |they know you have a fucking $100,000 car, and you rear end them, they need to
2026 |2025 |02:47:03 ~-~-> 02:47:06 |get to your bank account. You're constantly on edge. There's fucking
2027 |2026 |02:47:06 ~-~-> 02:47:10 |ambulance chasers all the time. But this is what you want to chase. That's the
2028 |2027 |02:47:10 ~-~-> 02:47:13 |lifestyle you want to chase and you want to promote that you live that way.
2029 |2028 |02:47:14 ~-~-> 02:47:20 |You're literally a billboard sign sue me, I got something to take. And you got
2030 |2029 |02:47:20 ~-~-> 02:47:24 |to pay for insurance policies, like I have to several four and five $6 million
2031 |2030 |02:47:25 ~-~-> 02:47:28 |insurance policies. If anybody ever does anything like that, to me, I'm not
2032 |2031 |02:47:28 ~-~-> 02:47:31 |getting sued, the insurance company's gonna pay out that I still keep my
2033 |2032 |02:47:31 ~-~-> 02:47:39 |assets. But it's still something you always have to worry about. So images,
2034 |2033 |02:47:39 ~-~-> 02:47:43 |nothing opinions of others is nothing. Are you making progress? And does that
2035 |2034 |02:47:43 ~-~-> 02:47:47 |progress lead you to profitability? That's what you're trading for. Okay,
2036 |2035 |02:47:47 ~-~-> 02:47:51 |that's what your focus should be primarily on. Now, if you look at this
2037 |2036 |02:47:51 ~-~-> 02:47:55 |price leg in here, okay, I'm going to take those little entries off, we're
2038 |2037 |02:47:55 ~-~-> 02:47:57 |going to say this part, and then I'm going to close it because I'm hungry.
2039 |2038 |02:47:59 ~-~-> 02:48:09 |This price leg here? From here, down, okay. Here down, you want to take your
2040 |2039 |02:48:09 ~-~-> 02:48:15 |fib? We're gonna use the wicks first, okay. Up to here to here.
2041 |2040 |02:48:23 ~-~-> 02:48:27 |There's your first standard deviation, negative one, which is the symmetrical
2042 |2041 |02:48:27 ~-~-> 02:48:33 |price swing that is this low to that high, projected up. So how high would
2043 |2042 |02:48:33 ~-~-> 02:48:37 |you hold your limit order? If you're buying down here? Where would you're in
2044 |2043 |02:48:37 ~-~-> 02:48:40 |a perfect world, where would you place your first limit order and as a partial
2045 |2044 |02:48:41 ~-~-> 02:48:48 |at that level minus one tick, which would basically come to that same level,
2046 |2045 |02:48:48 ~-~-> 02:48:54 |apparently, it's real close to it. Or not that close, but it's closer than
2047 |2046 |02:48:54 ~-~-> 02:49:02 |this. One 20.25. So your limit order will be 2001 20. Even. So if it trades
2048 |2047 |02:49:02 ~-~-> 02:49:07 |that level here or higher, your it has to go higher actually, to get the limit
2049 |2048 |02:49:07 ~-~-> 02:49:10 |order kick. But once it does, that your partial will be taken. And then you can
2050 |2049 |02:49:10 ~-~-> 02:49:16 |roll your stop to cover costs and be completely disconnected from the
2051 |2050 |02:49:16 ~-~-> 02:49:23 |outcome. Because you've paid yourself if you're going to use the wicks, which is
2052 |2051 |02:49:23 ~-~-> 02:49:32 |the bulk of the volume highest up close or opening, same thing here lowest
2053 |2052 |02:49:32 ~-~-> 02:49:39 |opening her up close. I'm sorry, the lowest opening or down close. And we're
2054 |2053 |02:49:39 ~-~-> 02:49:42 |using that one right here because it's lower than the opening of this candle.
2055 |2054 |02:49:43 ~-~-> 02:49:48 |Same idea projecting so if you're using this, you can't place your limit order
2056 |2055 |02:49:48 ~-~-> 02:49:52 |here. So I'm showing you both ways because this is why I do myself my own
2057 |2056 |02:49:52 ~-~-> 02:50:02 |analysis on half to so Looking at this like this, you think to yourself, Okay,
2058 |2057 |02:50:02 ~-~-> 02:50:10 |well, I know that there's a staggered level of potential fib levels that I use
2059 |2058 |02:50:10 ~-~-> 02:50:16 |as targets, the FIB, is just a way for me to come out with a specific target,
2060 |2059 |02:50:16 ~-~-> 02:50:22 |that I can come to the conclusion not put a lot of thought behind it. It's
2061 |2060 |02:50:22 ~-~-> 02:50:25 |above a level I'm reaching for, it allows me to go to something I'm
2062 |2061 |02:50:25 ~-~-> 02:50:30 |repeating over and over again, the process is never changing. Admittedly
2063 |2062 |02:50:30 ~-~-> 02:50:36 |not satisfied with the outcomes sometimes, because if I finesse it
2064 |2063 |02:50:36 ~-~-> 02:50:40 |manually, sometimes I can do a better job. And other times, I wish I would
2065 |2064 |02:50:40 ~-~-> 02:50:44 |have stopped at the Fed, instead of doing the manual. So I've wrestled with
2066 |2065 |02:50:44 ~-~-> 02:50:48 |my exits, it's always been my weakness. I've never been satisfied with it. My
2067 |2066 |02:50:48 ~-~-> 02:50:52 |entries are absolutely stellar. I have no issues with it, absolutely. One bit
2068 |2067 |02:50:52 ~-~-> 02:50:56 |at all. But my exits have always been a source of contention for me as a
2069 |2068 |02:50:56 ~-~-> 02:51:00 |traitor. And I'm saying that it admitting it to you. But now I don't
2070 |2069 |02:51:00 ~-~-> 02:51:04 |want you to look at this and say, Well, let me be very harsh about myself and
2071 |2070 |02:51:04 ~-~-> 02:51:08 |beat myself up when I don't do something right here on this admitting my frailty
2072 |2071 |02:51:08 ~-~-> 02:51:11 |as a human being, that that's the struggling point, even after 30 years,
2073 |2072 |02:51:11 ~-~-> 02:51:16 |I'm not, I'm not satisfied with that measure of precision yet. And I've
2074 |2073 |02:51:16 ~-~-> 02:51:20 |basically came to the conclusion that the way I use my fib and come to the
2075 |2074 |02:51:20 ~-~-> 02:51:25 |targets, using it as a target beyond the liquidity levels I'm looking for that
2076 |2075 |02:51:25 ~-~-> 02:51:30 |would be aiming for anyway. That's what I come to. And I say I have to, I have
2077 |2076 |02:51:30 ~-~-> 02:51:35 |to submit myself to this. And the few times that I am a deviant. And I go
2078 |2077 |02:51:35 ~-~-> 02:51:40 |outside of that and try to finesse it and do better. I many times regret doing
2079 |2078 |02:51:40 ~-~-> 02:51:44 |it and simply wish we would have done the fib levels and then stuck to that.
2080 |2079 |02:51:45 ~-~-> 02:51:52 |So I'm sharing something that unless I told it to you what No, but I say it in
2081 |2080 |02:51:52 ~-~-> 02:51:56 |a way that way encourages you, because you're going to have a frailty, it might
2082 |2081 |02:51:56 ~-~-> 02:52:01 |be your entries, and you might be better at exits than I am. That's not anything
2083 |2082 |02:52:01 ~-~-> 02:52:05 |that I feel bad about. I'm convinced if I live long enough, some of my students
2084 |2083 |02:52:05 ~-~-> 02:52:09 |are going to have a better exit strategy using your ideal, and I may adopt it.
2085 |2084 |02:52:09 ~-~-> 02:52:13 |And if I did, I would come out and say, I have chosen this and this is my
2086 |2085 |02:52:13 ~-~-> 02:52:18 |students, you know, working in that area, much like Larry Williams presented
2087 |2086 |02:52:18 ~-~-> 02:52:22 |a problem for himself. He didn't know how to buy below the opening price, he
2088 |2087 |02:52:22 ~-~-> 02:52:27 |only bought strength, that threat moved above using price he used to 20% of the
2089 |2088 |02:52:27 ~-~-> 02:52:30 |previous day's range, and that's where he was entering. To me that's fucking
2090 |2089 |02:52:30 ~-~-> 02:52:34 |stupid. That's nonsense, you're buying at a premium and you're guaranteed
2091 |2090 |02:52:34 ~-~-> 02:52:37 |you're gonna have to go through drawdown. Not all the time, but most of
2092 |2091 |02:52:37 ~-~-> 02:52:41 |the time, you're gonna have to sit through it trawling back into a fair pay
2093 |2092 |02:52:41 ~-~-> 02:52:45 |gap or running back intraday stops. I don't like that. I don't like that at
2094 |2093 |02:52:45 ~-~-> 02:52:50 |all I want to be buying when it's dropping, I want to be buying when it's
2095 |2094 |02:52:50 ~-~-> 02:52:55 |going down below an old low or down inside of inefficiency. A fair mega, I
2096 |2095 |02:52:55 ~-~-> 02:53:00 |want to be selling as it goes above an old high or goes up into inefficiency or
2097 |2096 |02:53:00 ~-~-> 02:53:06 |fair value. That's, that's how I trade. I want the best of the best. And if I'm
2098 |2097 |02:53:06 ~-~-> 02:53:09 |long I'm going to be bullish, I want to get in before it goes up. I want to be
2099 |2098 |02:53:09 ~-~-> 02:53:14 |getting in as it's dropping. And when I was a 20 year old, I didn't have any
2100 |2099 |02:53:15 ~-~-> 02:53:19 |comfort in it at all. I didn't feel comfortable with that, oh, it took a
2101 |2100 |02:53:19 ~-~-> 02:53:24 |great deal of work to get to that. But anyway, I had to work out all this stuff
2102 |2101 |02:53:24 ~-~-> 02:53:27 |prior to getting to a 10 o'clock appointment and drive time. And that's
2103 |2102 |02:53:27 ~-~-> 02:53:31 |what we built this morning. So in and of itself, that's enough for all of you to
2104 |2103 |02:53:31 ~-~-> 02:53:36 |be finding profitability finding your way to the other side of the pursuits of
2105 |2104 |02:53:36 ~-~-> 02:53:41 |being funded or not. And we are let me just compare and contrast real quick.
2106 |2105 |02:53:42 ~-~-> 02:53:45 |Here's the NASDAQ and II s
2107 |2106 |02:53:50 ~-~-> 02:53:54 |both of those highs are there so I'm not I'm not I wouldn't expect it to
2108 |2107 |02:53:54 ~-~-> 02:53:58 |completely break down to break down but I'm not saying that should
2109 |2108 |02:54:17 ~-~-> 02:54:20 |this is probably gonna be one of those little sloppy these keeps driving higher
2110 |2109 |02:54:20 ~-~-> 02:54:24 |into the afternoon today. Same with NASDAQ
2111 |2110 |02:54:30 ~-~-> 02:54:38 |as a fair value gap in their trading right inside of that still, it would it
2112 |2111 |02:54:38 ~-~-> 02:54:48 |would need to take out it would need to go on a closing basis. People start to
2113 |2112 |02:54:48 ~-~-> 02:54:52 |have to show a five minute close below this low here for me to change my
2114 |2113 |02:54:52 ~-~-> 02:54:55 |opinion about where it's gonna go up to here. If it goes below here on a five
2115 |2114 |02:54:55 ~-~-> 02:55:01 |minute closes. Then I don't know what it's going to do before CPI But until he
2116 |2115 |02:55:01 ~-~-> 02:55:03 |does that, I would still hold on to the idea that it's probably going to reach
2117 |2116 |02:55:03 ~-~-> 02:55:09 |for this before you get to CPM. That's how I would interpret it and I'm not
2118 |2117 |02:55:09 ~-~-> 02:55:12 |saying you should trade that way. I'm not saying that this is what's going to
2119 |2118 |02:55:12 ~-~-> 02:55:15 |work out but that's how I would internalize it. And the reason why five
2120 |2119 |02:55:15 ~-~-> 02:55:21 |minutes is because woman's just too narrow and too too tight. And five
2121 |2120 |02:55:21 ~-~-> 02:55:26 |minute would be a little bit bigger timeframe for me to stick with that
2122 |2121 |02:55:26 ~-~-> 02:55:32 |narrative in mind. And I think my friends and neighbors that's gonna be it
2123 |2122 |02:55:32 ~-~-> 02:55:36 |for today I gave you a really good I would have paid money for this. I'm
2124 |2123 |02:55:36 ~-~-> 02:55:44 |gonna I'm gonna lie. I would have enjoyed it. But II s real quick one more
2125 |2124 |02:55:44 ~-~-> 02:55:45 |time.
2126 |2125 |02:56:06 ~-~-> 02:56:13 |You fellas like to see the recept accounts. And there's the other example
2127 |2126 |02:56:13 ~-~-> 02:56:28 |issued on ES and then NASDAQ. In assets today, NASDAQ here we don't see one on
2128 |2127 |02:56:28 ~-~-> 02:56:35 |the Roberts cup next year. You rigged it is rigged is all rigged. He paid his
2129 |2128 |02:56:35 ~-~-> 02:56:45 |way. Anyway, there's today's example. So this was a rushed job, because I had
2130 |2129 |02:56:45 ~-~-> 02:56:49 |very little time. But when you know what you're doing, when you really know
2131 |2130 |02:56:49 ~-~-> 02:56:54 |you're doing your need to offer this shit. You can find it. But it's always
2132 |2131 |02:56:54 ~-~-> 02:57:00 |going to be on a delivery schedule based around time, time is going to be the
2133 |2132 |02:57:00 ~-~-> 02:57:05 |important factor. Because the market will start spoiling for inefficiencies
2134 |2133 |02:57:05 ~-~-> 02:57:11 |for the liquidity above or below the marketplace. Anything else? Anything
2135 |2134 |02:57:11 ~-~-> 02:57:19 |else you add to that? Is a religion. It that's all it is. And I don't mean to be
2136 |2135 |02:57:19 ~-~-> 02:57:22 |disrespectful. I don't mean to be condescending to anyone. But I guarantee
2137 |2136 |02:57:22 ~-~-> 02:57:28 |you, if you strip your trading down to what I'm saying to you right here, only
2138 |2137 |02:57:28 ~-~-> 02:57:32 |focus on where the stops are only focus on inefficiencies and where the markets
2139 |2138 |02:57:32 ~-~-> 02:57:38 |likely to drop, that's three pillars. Those three pillars are the basis of you
2140 |2139 |02:57:38 ~-~-> 02:57:43 |finding consistency, profitability, and longevity and trading. You will not have
2141 |2140 |02:57:43 ~-~-> 02:57:47 |100% strike rate, you will lose trades. But you will know exactly why you
2142 |2141 |02:57:47 ~-~-> 02:57:51 |shouldn't freak out. If you do have a losing trade, you won't rush back in
2143 |2142 |02:57:51 ~-~-> 02:57:54 |because you lost mind, you gotta get it back. If there's not a reason to get
2144 |2143 |02:57:54 ~-~-> 02:57:58 |back in, you'll know. And you'll sit quietly and wait for the next day or
2145 |2144 |02:57:58 ~-~-> 02:58:03 |trading session. That's confidence. That's control at self control. It's
2146 |2145 |02:58:03 ~-~-> 02:58:10 |being responsible, you being a good steward of your money. And that's all
2147 |2146 |02:58:10 ~-~-> 02:58:13 |characteristic of someone that's trying to run this as a business versus
2148 |2147 |02:58:13 ~-~-> 02:58:17 |gambling and trying to play the lottery with it. Because columbines are cheap
2149 |2148 |02:58:17 ~-~-> 02:58:22 |right now. That's a stupid excuse to go on and waste 50 bucks. That's dumb.
2150 |2149 |02:58:22 ~-~-> 02:58:27 |You're paying 50 bucks to try to do something, okay? Or a couple 100 hours
2151 |2150 |02:58:27 ~-~-> 02:58:32 |to do something that if you did it the right way. You could literally start in
2152 |2151 |02:58:32 ~-~-> 02:58:37 |a new year. Okay, I'm gonna I'm placing a challenge for you as a student,
2153 |2152 |02:58:37 ~-~-> 02:58:41 |listen, even if you don't trade with my shit here, you're probably doing
2154 |2153 |02:58:41 ~-~-> 02:58:47 |something else. Wonderful. I would love to see this. Start a new fresh account,
2155 |2154 |02:58:47 ~-~-> 02:58:52 |whether it's a live account, or you pass a combine at some kind of fund account
2156 |2155 |02:58:52 ~-~-> 02:59:03 |company, okay. Trade with no expectation of taking any money out? None. Don't
2157 |2156 |02:59:03 ~-~-> 02:59:10 |take anything. You have to only get paid at the end of the year. But you cannot
2158 |2157 |02:59:10 ~-~-> 02:59:18 |trade more than one contract. Do you have discipline to do that? Do you have
2159 |2158 |02:59:18 ~-~-> 02:59:22 |the discipline to do one contract trade all year you cannot take your paycheck
2160 |2159 |02:59:23 ~-~-> 02:59:31 |until the end of next year. You have any idea how hard that is? But the patience
2161 |2160 |02:59:31 ~-~-> 02:59:36 |that you forge with that and the responsibility because you have to guard
2162 |2161 |02:59:36 ~-~-> 02:59:44 |your only one time withdrawal. You gotta guard it all year long. I'm not saying
2163 |2162 |02:59:44 ~-~-> 02:59:47 |you can't treat another one. Another account separate today. But can you
2164 |2163 |02:59:47 ~-~-> 02:59:51 |manage one account like that? You don't need to treat it every day. But you
2165 |2164 |02:59:51 ~-~-> 02:59:58 |should treat at least once a week. Trading one contract and letting it grow
2166 |2165 |02:59:58 ~-~-> 03:00:04 |and you have no Oh, impulse that I gotta get a piatto I gotta get peed out of it
2167 |2166 |03:00:05 ~-~-> 03:00:11 |by a treat it real big, or I gotta treat one more one contract. It's an exercise
2168 |2167 |03:00:11 ~-~-> 03:00:16 |in building discipline, and patience. Most of you will fail trying to do this,
2169 |2168 |03:00:17 ~-~-> 03:00:21 |because you can't do it. But the ones that tried to do it, you'll gain a
2170 |2169 |03:00:21 ~-~-> 03:00:29 |greater deal of self responsibility, self control, and patience. And you'll
2171 |2170 |03:00:29 ~-~-> 03:00:32 |look at trading and you'll look at profitability. And you'll look at
2172 |2171 |03:00:32 ~-~-> 03:00:36 |managing equity from a different perspective that you can't have until
2173 |2172 |03:00:36 ~-~-> 03:00:44 |you do it. And then the following year, you do the same thing, but you let your
2174 |2173 |03:00:44 ~-~-> 03:00:47 |equity dictate how many contracts you can trade, but do the same thing. One
2175 |2174 |03:00:47 ~-~-> 03:00:52 |payout and the year? Are you going to take crazy fucking risks? If that's the
2176 |2175 |03:00:52 ~-~-> 03:00:54 |only thing you're going to submit to? And you really stick to it? No, you're
2177 |2176 |03:00:54 ~-~-> 03:01:02 |not? None if you're trading like a business you think. So I set that up for
2178 |2177 |03:01:02 ~-~-> 03:01:04 |you as a challenge. Because with people that don't want to join the Robins cup,
2179 |2178 |03:01:06 ~-~-> 03:01:12 |grow one account all year long. Can you do that? Because that's what I'm doing
2180 |2179 |03:01:12 ~-~-> 03:01:19 |next year. I'm only one payout at the end of the year, and my hands are gonna
2181 |2180 |03:01:19 ~-~-> 03:01:25 |hold that trophy. And I'm gonna say I fucking told you. So. Do I need to do
2182 |2181 |03:01:25 ~-~-> 03:01:29 |it? Nope. Do I want to do it? You're fucking right I do. I want to shut up
2183 |2182 |03:01:29 ~-~-> 03:01:33 |your fucking asses. Everybody's ever talk shit. I'm going to feed it to you,
2184 |2183 |03:01:34 ~-~-> 03:01:41 |as ended. I'm gonna have fun doing it. So hopefully you learned something
2185 |2184 |03:01:41 ~-~-> 03:01:45 |today, have you had some new insights shared with you, I broke down a lot of
2186 |2185 |03:01:45 ~-~-> 03:01:50 |stuff that would have been just too good for a book, and not really in a way
2187 |2186 |03:01:50 ~-~-> 03:01:54 |where I could articulate it well enough, I think in a book, showing it to you
2188 |2187 |03:01:54 ~-~-> 03:01:58 |over a chart, showing it to you with execution, where it was, why it was what
2189 |2188 |03:01:58 ~-~-> 03:02:01 |I would have done differently, why it's performing the way it's performing, what
2190 |2189 |03:02:01 ~-~-> 03:02:06 |it's reaching for all those things, okay. Seeing it in a static chart with a
2191 |2190 |03:02:06 ~-~-> 03:02:11 |couple of paragraphs isn't the same as seeing it explained dynamically like
2192 |2191 |03:02:11 ~-~-> 03:02:15 |this, where you have real time price action, everything has to pan out or
2193 |2192 |03:02:15 ~-~-> 03:02:19 |it's a failure, right? It has to go through those levels. Or I'm wrong,
2194 |2193 |03:02:19 ~-~-> 03:02:24 |right? Well, that doesn't equate to profitability or unprofitability, you
2195 |2194 |03:02:24 ~-~-> 03:02:29 |have to find that little area in between that, where you're right or wrong, and
2196 |2195 |03:02:29 ~-~-> 03:02:35 |find your ability to be profitable. That is possible. That is what every
2197 |2196 |03:02:35 ~-~-> 03:02:40 |professional trader strives for. They're not out here telling you that they're
2198 |2197 |03:02:40 ~-~-> 03:02:42 |not out here giving a shit whether you make money or not. They're out there
2199 |2198 |03:02:42 ~-~-> 03:02:47 |mind your own damn business. And what they're doing is focusing on how they
2200 |2199 |03:02:47 ~-~-> 03:02:52 |can put more coin in their pocket. That's it. They don't care about how
2201 |2200 |03:02:52 ~-~-> 03:02:55 |many likes they get, they don't how many, how many people will love them,
2202 |2201 |03:02:56 ~-~-> 03:03:00 |give them clout mentioned their name. They're out here simply trying to do
2203 |2202 |03:03:00 ~-~-> 03:03:05 |better than he did the day before, make more money than he did last year, and
2204 |2203 |03:03:05 ~-~-> 03:03:10 |hold on to what they have. And stay within a model that keeps them balanced,
2205 |2204 |03:03:10 ~-~-> 03:03:15 |where they're not emotionally freaking out. They're not fearful, they're not
2206 |2205 |03:03:15 ~-~-> 03:03:18 |second guessing themselves, they know exactly when they're going to do
2207 |2206 |03:03:18 ~-~-> 03:03:21 |something, why they're going to do it, and then why they're sitting still and
2208 |2207 |03:03:21 ~-~-> 03:03:24 |when they're not going to take a trade. And they're comfortable with that. When
2209 |2208 |03:03:24 ~-~-> 03:03:28 |you have a model. When you have a process that controls when and when you
2210 |2209 |03:03:28 ~-~-> 03:03:35 |can't take a trade. You will never feel anxiety about getting in a trade that
2211 |2210 |03:03:35 ~-~-> 03:03:41 |isn't really there. But you're fighting man, you're resisting that by trying to
2212 |2211 |03:03:43 ~-~-> 03:03:47 |give into your impulses about I need to take a trade. And if you're prone to be
2213 |2212 |03:03:47 ~-~-> 03:03:52 |like that, the worst thing you can do is hang around other people that are
2214 |2213 |03:03:52 ~-~-> 03:03:56 |supposedly taking live trades or actively trying to do so. Because that
2215 |2214 |03:03:56 ~-~-> 03:03:59 |peer pressure is going to push you right into something that you aren't really
2216 |2215 |03:03:59 ~-~-> 03:04:04 |equipped to do or shouldn't do. And what I mean by that, hanging out on other
2217 |2216 |03:04:04 ~-~-> 03:04:09 |live streamers. If you have poor discipline, don't go there. Watch it
2218 |2217 |03:04:09 ~-~-> 03:04:14 |after the fact. I'm not saying don't watch other YouTubers, I'm saying you
2219 |2218 |03:04:14 ~-~-> 03:04:19 |have to be responsible, just like an alcoholic. If you know you can't control
2220 |2219 |03:04:19 ~-~-> 03:04:23 |yourself around the bar scene, don't go hang around those friends when they're
2221 |2220 |03:04:23 ~-~-> 03:04:26 |not at that, that that scene, that location where it's available to you.
2222 |2221 |03:04:29 ~-~-> 03:04:33 |Until you build the discipline until you build the personal responsibility that
2223 |2222 |03:04:33 ~-~-> 03:04:39 |hold you to this measure of expectation that you cannot you're not allowed.
2224 |2223 |03:04:40 ~-~-> 03:04:44 |You're not allowed to do these things. And some of you don't like that
2225 |2224 |03:04:44 ~-~-> 03:04:47 |language. No, you're not gonna tell me what the fuck I'm gonna do. Well, I get
2226 |2225 |03:04:47 ~-~-> 03:04:53 |it. I understand that I'm built that way. But do you want to succeed? Do you
2227 |2226 |03:04:53 ~-~-> 03:04:57 |want to have a long term career? This is not just a flash in the pan lottery when
2228 |2227 |03:04:58 ~-~-> 03:05:05 |there's a lot of people that have had payouts one time and disappeared. My own
2229 |2228 |03:05:05 ~-~-> 03:05:12 |son has had that two times got two payouts. And now because of life, his ex
2230 |2229 |03:05:12 ~-~-> 03:05:17 |girlfriend that's causing him a huge barrier. He's depressed. All he cares
2231 |2230 |03:05:17 ~-~-> 03:05:21 |about as long as he can get through his workday. He's worrying about the new guy
2232 |2231 |03:05:21 ~-~-> 03:05:25 |she's with, because she went to college. But guess what, that's the real world.
2233 |2232 |03:05:25 ~-~-> 03:05:30 |That's the real world, how are you going to deal with that? That's not in books.
2234 |2233 |03:05:30 ~-~-> 03:05:34 |Of course, sellers aren't telling you that shit. They're only giving the sugar
2235 |2234 |03:05:34 ~-~-> 03:05:38 |high, I'm telling you, you have no idea what you're stepping into, and how much
2236 |2235 |03:05:38 ~-~-> 03:05:40 |it takes to manage all of this.
2237 |2236 |03:05:42 ~-~-> 03:05:44 |And you're asking for give me the bias and I'll figure it out the rest now your
2238 |2237 |03:05:44 ~-~-> 03:05:51 |bullshit you will show you're going to know, when you first tried to do this,
2239 |2238 |03:05:51 ~-~-> 03:05:55 |that there's a whole lot more to it. And when you feel it, you're going to try to
2240 |2239 |03:05:55 ~-~-> 03:06:00 |pretend it isn't like that. It's just you're just scared and you're too new.
2241 |2240 |03:06:00 ~-~-> 03:06:03 |Now it's your you really felt the reality of it all. That's exactly what
2242 |2241 |03:06:03 ~-~-> 03:06:08 |this is like. So you have to do a lot to manage all those things. And once you're
2243 |2242 |03:06:08 ~-~-> 03:06:10 |able to do that, once you're able to manage yourself, keep yourself from
2244 |2243 |03:06:10 ~-~-> 03:06:14 |derailing yourself, and you're able to stick to a model, even if it doesn't
2245 |2244 |03:06:14 ~-~-> 03:06:18 |give you a profitable trade two, three times a week. You don't throw the model
2246 |2245 |03:06:18 ~-~-> 03:06:29 |away. You you associate the executions with your own error. And that's
2247 |2246 |03:06:29 ~-~-> 03:06:35 |uncomfortable. But that's the reality. Because no one puts you in that trade.
2248 |2247 |03:06:35 ~-~-> 03:06:41 |But you I didn't. The people in those chat rooms, you're hanging around with
2249 |2248 |03:06:41 ~-~-> 03:06:50 |the book author, the video that you watched the tweet that the Facebook, the
2250 |2249 |03:06:50 ~-~-> 03:06:58 |Instagram alert, none of those things put you in trade. You did, always you.
2251 |2250 |03:06:59 ~-~-> 03:07:05 |And if it doesn't pan out, you own that. It's your responsibility to be able to
2252 |2251 |03:07:05 ~-~-> 03:07:10 |work past that if it's a loss, eat it. It's good medicine, you'll learn from
2253 |2252 |03:07:10 ~-~-> 03:07:14 |that you're not going to learn anything from winning trades, you're not going to
2254 |2253 |03:07:14 ~-~-> 03:07:19 |learn shit from that, except for ego and pride. And they are going to introduce
2255 |2254 |03:07:19 ~-~-> 03:07:26 |more complexities than trading than anything else. I know this intimately. I
2256 |2255 |03:07:26 ~-~-> 03:07:33 |tried to pretend that my losing trades were to be ignored. Don't spend no time
2257 |2256 |03:07:33 ~-~-> 03:07:39 |with that. You know, it was it was them guys got got me. And then I had to
2258 |2257 |03:07:39 ~-~-> 03:07:45 |figure out what those guys are doing. And why I keep falling victim to it. And
2259 |2258 |03:07:45 ~-~-> 03:07:49 |when I would fall victim to it. That's okay, what did I do wrong? See the
2260 |2259 |03:07:49 ~-~-> 03:07:53 |difference? There is a paradigm shift. I'm being responsible. What did I do as
2261 |2260 |03:07:53 ~-~-> 03:07:58 |the trader wrong there? Most people today in our society don't want to admit
2262 |2261 |03:07:58 ~-~-> 03:08:05 |they're wrong about anything. It's an uncomfortable position to be in. Because
2263 |2262 |03:08:05 ~-~-> 03:08:11 |social media has trained us to be what? judgmental of everyone? Oh, you did that
2264 |2263 |03:08:11 ~-~-> 03:08:17 |wrong? Oh, look at you. Okay, what have you fucked up on the last 24 hours on
2265 |2264 |03:08:17 ~-~-> 03:08:25 |your business block. But that's the state of the world right now. And we're
2266 |2265 |03:08:25 ~-~-> 03:08:31 |in this, this social climate right now. And there's so many people coming into
2267 |2266 |03:08:31 ~-~-> 03:08:34 |our industry, trying to believe that they're going to walk out here and it's
2268 |2267 |03:08:34 ~-~-> 03:08:37 |going to be cakewalk, and they're going to start making all kinds of money, it's
2269 |2268 |03:08:37 ~-~-> 03:08:40 |gonna be easy for them, and they're gonna win on their first time, their
2270 |2269 |03:08:40 ~-~-> 03:08:45 |first attempt are gonna be successful. They actually believe this shit. I'm
2271 |2270 |03:08:45 ~-~-> 03:08:50 |promising you, that is not going to happen like that. Even if I trained you
2272 |2271 |03:08:50 ~-~-> 03:08:55 |personally, personally, you're still going to have adversities, you're still
2273 |2272 |03:08:55 ~-~-> 03:09:01 |going to lose, you won't be able to be comfortable taking that first loss, you
2274 |2273 |03:09:01 ~-~-> 03:09:07 |won't be able to, unless you want up to the idea that that's part of it. That's
2275 |2274 |03:09:07 ~-~-> 03:09:13 |part of it. Losing, making it back losing losing more than you lost last
2276 |2275 |03:09:13 ~-~-> 03:09:19 |time, they had a lower drawdown. Okay, nothing's changed. But I have to reduce
2277 |2276 |03:09:19 ~-~-> 03:09:23 |my risk and accept the fact that it's going to take me a little bit longer to
2278 |2277 |03:09:23 ~-~-> 03:09:28 |recoup this. Nothing's changing model wise. You're just lowering your risk,
2279 |2278 |03:09:28 ~-~-> 03:09:32 |and you're lowering your frequency of trade and raising the higher timeframe
2280 |2279 |03:09:32 ~-~-> 03:09:37 |level that you're trading on. There you go. That's something for a bull. But now
2281 |2280 |03:09:37 ~-~-> 03:09:45 |you have homework. So, anyway, my stomach is telling me I need to grab
2282 |2281 |03:09:45 ~-~-> 03:09:48 |something to eat. And I had a lot of fun hanging out with you all today.
2283 |2282 |03:09:49 ~-~-> 03:09:53 |Hopefully, you've found something useful and insightful. And if you didn't, I
2284 |2283 |03:09:53 ~-~-> 03:09:57 |apologize. I tried really hard to give you something that would be useful to
2285 |2284 |03:09:57 ~-~-> 03:10:01 |you. But I can't please everyone, right? If you like what you've seen today and
2286 |2285 |03:10:01 ~-~-> 03:10:05 |learning something give me a thumbs up if not I don't give a I'll talk to you
2287 |2286 |03:10:05 ~-~-> 03:10:07 |next time be safe