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ICT YT - 2023-12-11 - ICT Mentorship 2023 - Scaling In On Consolidations December 11 2023

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