ICT YT - 2024-01-24 - ICT Tape Reading Price Action Livestream - January 24 2024
Last modified by Drunk Monkey on 2024-02-01 08:35
Outline
01:45 - Trading strategies and market analysis.
- Trader warns against copying trades without proper analysis, delays in transmission may occur.
- ICT emphasizes the importance of sticking to buy-side trades during the morning session, despite potential volatility.
06:29 - Trading strategies in a bull market.
- Trader discusses potential for market reversal during lunch hour.
- Trader favors move down to mid-gap, eyes PMI number and news.
11:06 - Gap analysis and trading strategies.
- ICT watches a gap and its extensions, looking for potential buy or sell signals.
- Trader identifies potential gap entry points and discusses brokerage options.
15:42 - Stock market price action in a paper trading account.
- ICT discusses price action in a paper trading account, emphasizing the importance of disclosure and risk management.
19:36 - Trading strategies and market analysis.
- Trader seeks to improve exit targets by measuring price swings and overlapping fib levels.
- ICT strives to improve his trading performance, particularly in the initial fair value gap.
24:34 - Trading and market liquidity.
- ICT is concerned about the potential for large amounts of liquidity to be created if a large number of traders follow his trades, as it could make it difficult for him to enter and exit trades without attracting attention.
- ICT believes that if he is successful in creating a large pool of liquidity, it could be profited from by others, including Robins and whoever else is associated with it, while he would be negatively impacted as a trader.
28:45 - Trading strategies and timeframe analysis.
- Trader seeks to identify potential trading opportunities by analyzing market behavior on different timeframes.
- ICT teaches on emerging fair value gaps, using lower timeframe charts for entry and stop placement.
- ICT: Focus on entry points, demand more information from price.
37:23 - Market manipulation and trading strategies.
- ICT believes the market is rigged and will drop if enough people follow his stops.
- ICT is concerned about young traders copying his moves without understanding the risks.
47:50 - Stock market trends and potential buy/sell opportunities.
- Trader discusses potential trading opportunities in NASDAQ and ICT, highlighting key levels of support and resistance.
59:41 - Liquidity and candle-calling in a financial context.
- ICT: Staff can't be placed in candles, and runtime liquidity is proving my points.
01:01:43 - Market manipulation and trading strategies.
- ICT identifies a breaker price and predicts a run up to join the S&P 500 index.
- Trader discusses market manipulation opportunities in a volatile market.
01:07:06 - Trading dynamics and liquidity.
- Trader seeks to avoid being "bullseyeed" by placing stop loss above a key level, despite potential for other traders to take the same trade.
- ICT highlights liquidity's role in driving market movements.
01:11:42 - High-frequency trading and market inefficiencies.
- Analyst observes decoupling between Dow, NASDAQ, and S&P, but waits for confirmation before acting.
- ICT: Liquidity issues make it difficult to execute trades, especially when many people are watching.
- The speaker discusses high-frequency trading and the importance of liquidity in the market, highlighting a potential silver bullet entry point.
- The speaker mentions a Twitter space discussion about going for five handles on the S&P 500 as a low-hanging fruit objective.
01:21:19 - Technical analysis and market predictions.
- ICT is frustrated with the market's lack of respect for his teachings and the inability to consistently execute his strategies.
- ICT is attempting to break Larry Williams' world record and is live streaming his trades to demonstrate his methodology.
- Trader analyzes market inefficiencies in real-time, using multiple timeframes and identifying potential trading opportunities.
- Trader identifies areas where market will respect price, reverses expectations if necessary.
01:29:22 - Trading strategies and market behavior.
- ICT explains why he doesn't provide signal services or live stream his trades, citing the potential for market manipulation and the importance of creating liquidity for himself and others.
- ICT believes that if a large percentage of viewers were to follow his trades, it would be easy for the market to pick them off, highlighting the importance of risk management and not relying solely on others for trading ideas.
- ICT: Observers making excuses for market movements, but I've been trading for long enough to know where the orders are going to be.
- ICT: Yesterday's observations and live stream showed faith in a new 513 by side and above, which ran exactly as traded off camera.
- ICT warns against piggybacking on his trades, as he wants to build up to being a larger trader without others following his moves.
- He explains how price action will react when he makes his stop loss public, and how it can create interest and build up to a larger trade size.
01:38:04 - Trading strategies and market analysis.
- ICT discusses market volatility and risk management strategies, emphasizing the importance of being prepared for unknown outcomes.
- Trader analyzes market behavior and identifies potential trading opportunities based on correlations between NASDAQ and ICT indices.
- ICT warns against trying to pick the top of the market, citing past mistakes and the potential for continued growth.
01:44:29 - Trading strategies for all-time highs.
- The speaker discusses the importance of identifying pools of liquidity in the market, particularly when trading at all-time highs.
- The speaker demonstrates how smart money can buy and sell stops to create liquidity and profit from the resulting price action.
- Daniel Andrews discusses the sell side of a market, highlighting the importance of matching buy and sell sides for market makers.
- He identifies a potential area of support for SNPs, citing a previous opening range high.
01:50:58 - Trading strategies and market analysis.
- ICT: Model six and model seven are the closest to how I actually trade, with universal appeal and perfect behavior.
- ICT: Out of all models, model six is the closest to what I do, with Larry Williams' endorsement and proven success.
- ICT explains market maker strategies, using buy and sell sides of the curve to profit from liquidity.
- ICT explains how to identify inefficiencies in the market by analyzing the bodies of candlesticks on a lower timeframe, which can be used for low-risk setups.
- ICT emphasizes the importance of respecting the bodies of candlesticks on the timeframe you observe them in, and using them for setup confirmation.
01:58:31 - Trading strategies using price action and body analysis.
- ICT analyzes a one-minute chart and identifies a breaker formation, which he uses to predict future price movements.
- ICT highlights the importance of body counts in identifying potential breaker formations and predicting price action.
- The speaker discusses a market maker sell model, highlighting the importance of identifying the unicorn setup (a second stage of redistribution) for maximum profit potential.
- The speaker provides examples of how to formulate a model using the body's first and partials, emphasizing the importance of picking the right entry and exit points for maximum profit.
- Set low-hanging fruit objectives in the beginning stages of trading.
- ICT expresses concern about shorting in a market that consistently harms short holders with no signs of slowing.
02:14:42 - Market trends and potential price movements.
- Analyst predicts NASDAQ will continue to rise despite lunch hour consolidation.
02:22:42 - Stock market trends and potential future price movements.
- ICT expects market to consolidate in February, potentially lower than current highs.
02:24:39 - Technical analysis and trading strategies.
- Trader discusses difficulty trading in narrow range, preferring to wait for clear directional signals.
- ICT explains that volume imbalances can act as a magnet for price and can be reused multiple times, but if a body is laid down overtop of it and closes below it, he is no longer interested in that setup.
- ICT highlights the importance of paying attention to the separation between bodies in the chart, as it can indicate a potential change in the market's direction.
02:30:21 - Trading strategies and market analysis.
- ICT is frustrated with followers who don't understand his trading strategies and are making his stock a "bullseye" by publicly placing stop losses.
- ICT is trying to prove a point by making a trade without publicly disclosing it, demonstrating the importance of liquidity in the marketplace.
- ICT had a high accuracy rate and consistently called market movements before they happened.
- ICT identified a significant gap in the market and predicted a rally, but it didn't fill in and instead gapped further, indicating a potentially significant move.
02:36:12 - Market dynamics and stop loss placement.
- ICT teaches that entering a position, even in paper trading, can be a testimony to what he teaches, as the market will jump to the liquidity provided.
- ICT believes he has satisfied his trading goals and may not have satisfied some viewers, but he is satisfied with his results.
- Ict explained that he wants to place a stop loss in the closest proximity to market price, where the largest interest is, to maximize potential profits.
- Ict emphasized the importance of placing a stop loss below the last candlestick that traded, to allow for a smooth entry into the market.
- ICT is impressed by their own trading abilities and believes they have a unique approach to market analysis and prediction.
- ICT challenges others to compete with them in a third-party competition, claiming they will easily outperform others despite the risks of losing.
- ICT plans to break Redwing's record by 1% in a live stream, showing respect for the trader's legacy.
- ICT believes in taking a different approach to trading than Redwing, focusing on his own methods and strategies.
02:47:33 - Market algorithms and their impact on trading.
- ICT emphasizes the importance of understanding the time-based nature of algorithms in the marketplace.
- He dismisses the idea that the algorithm will stop working in 2025, citing its lifeblood in the marketplace.
- Trader claims to have created a language to describe market movements that are not visible on charts.
02:52:28 - Trading strategies and market inefficiencies.
- ICT: Reflects on his experience in open outcry trading, feeling like King Kong but also acknowledging the inefficiencies and risks involved.
- ICT: Struggled to find a profitable trading method, tinkering with various approaches but ultimately finding success around 1998.
- Trader wants to find symmetry in markets to maximize high probability trades (25 words)
- Trader will record and share all trades, encouraging listeners to verify information in charts (26 words)
- Trader identifies inefficiency in market price movements, highlighting rapid price drops without seller activity.
02:59:23 - Trading and volume analysis.
- ICT: Record screen to observe market orders, see how many contracts form limit moves (1 contract for limit up/down move).
- Observe 1-minute, 5-minute, and 10-minute charts to see how many orders are in the marketplace.
- Reverend reveals truth about "buying and selling pressure" in trading.
- The speaker discusses the importance of understanding the small price movements in the market, as these can lead to profitable trading opportunities.
- The speaker demonstrates how the price engine offers prices between certain price points, even when there are no trades booked.
03:06:20 - Trading and market analysis.
- ICT uses limit orders to get his desired price, even if it means waiting for the market to reprice.
- ICT identifies inefficiencies in the market, such as gaps or wicks, to place his trades.
- ICT emphasizes the importance of TradingView's one-minute charts for identifying real gaps in the market.
- ICT declines offers to promote TradingView due to a commitment to honesty and transparency in their content.
03:12:19 - Market manipulation and trading strategies.
- ICT analyzes price action to identify when the market is in a defined range, and efficiently delivered price will see a move up.
- ICT looks for signatures in price action to determine when the market is being controlled, and traders can take advantage of these opportunities by getting on board the bus.
- ICT emphasizes the importance of identifying sell-side opportunities in a primarily bullish market, as this can lead to better trading opportunities (28 words).
- ICT highlights the value of his turtle suit based model, which focuses on identifying sell-side opportunities and filtering out shorts in a market trading at all-time highs (27 words).
03:18:21 - Technical analysis and trading strategies.
- ICT explains that he doesn't have a way to determine the highest highs in primary bull markets, despite wishing he did.
- He highlights a signature pattern in price action, where a close outside of a PD array is a boost of confidence, and he'll trade with that knowledge.
- ICT shares his experience of going 20 hours without eating, causing his stomach to growl, and he'll try to end the live stream before that happens.
- ICT expresses concerns about the impact of his mentorship on his students, particularly Tanya, who he saw as uncomfortable during a live stream.
- ICT emphasizes the importance of maintaining a clear mindset while trading, advising students to tune out external influences and focus on their own trades.
- ICT emphasizes the importance of understanding one's limitations and not relying solely on outside sources for monetization.
- ICT believes that YouTube's ad revenue model is unfair, as they run ads on every channel with a following, regardless of whether the creator is monetized or not.
- ICT expresses frustration with being unable to fully convey complex trading concepts to students due to limited time and bandwidth.
- ICT promises to deny trolls and haters who doubt their abilities in a Robinho competition, and plans to display their victory with a pewter statue or bone bear on their YouTube channel.
Transcription
| 1 | 00:01:45 --> 00:02:01 | ICT: Good morning folks have done well. Alright, so we are looking at a day with PMI numbers at 945. So I'm going to watch and see how we behave in price going |
| 2 | 00:02:01 --> 00:02:18 | into that number and how we have whatever liquidity or inefficiencies around mark at that time. So give me a moment here waiting to see what my delay is like |
| 3 | 00:02:30 --> 00:02:31 | what we came up with |
| 4 | 00:02:47 --> 00:02:51 | there's audio check to see what time it takes to get to you |
| 5 | 00:02:57 --> 00:03:02 | looking at trading view, the time is 924 40s for you. |
| 6 | 00:03:22 --> 00:03:27 | It's 20 seconds according to my test here. So there's a delay of 20 seconds |
| 7 | 00:03:33 --> 00:03:47 | actually a little bit longer than that to almost 30 seconds. So but that the reminder to you. What I'm saying may not get to you until half a minute later. |
| 8 | 00:03:47 --> 00:03:59 | Okay. As a reminder, yesterday, I started off with a low probability that I said that you should not copy anything else is going to do that you would regret it. |
| 9 | 00:04:00 --> 00:04:10 | And in the comment section, I had people posting that they copy the trade and they got hurt. And you didn't listen. So understand that if it's low |
| 10 | 00:04:10 --> 00:04:17 | probability, and I'm going to force myself in that situation. That doesn't sound like something that you should run. It's like a burning building. Let me run it |
| 11 | 00:04:17 --> 00:04:29 | and after you see what I can find out, you find out you get burned. So today, we're waiting for the news to hit. And also I noticed that I had some students |
| 12 | 00:04:29 --> 00:04:38 | that usually live stream and because you saw me doing what I was doing here at Mr. trades up, if you're live streaming, don't look at me, don't listen to me, |
| 13 | 00:04:38 --> 00:04:45 | okay? Because I'm probably going to be against what you expect to see in price. If it messes your trade up. It's gonna it's gonna make you angry, and it's just |
| 14 | 00:04:45 --> 00:04:56 | going to mess you up entirely. You should not let me or anyone else influence your trade ideas. But I walked you through yesterday's morning session, how we |
| 15 | 00:04:56 --> 00:05:04 | took both buy side and sell side in I mentioned how sticking To the buyers on higher timeframe that they will want to keep price moving higher, we saw that |
| 16 | 00:05:04 --> 00:05:18 | actually happen. And when I was inside the middle of the range that is a 5050, it's real hard to determine from that middle ground, where we're gonna move |
| 17 | 00:05:18 --> 00:05:29 | from, until we get into the latter portions of the, I mentioned times of macros and, and such, as I mentioned how the real macros are 10 minutes to the top of |
| 18 | 00:05:29 --> 00:05:40 | the hour, every hour to 10 minutes after. There are four macros in the last hour trading between three o'clock and four o'clock, Eastern Standard Time. I gave |
| 19 | 00:05:40 --> 00:05:49 | you the time yesterday, again, 250 to 310. Go back and listen to the live stream, it's there. And I told you that bias was bullish. And I told you that I |
| 20 | 00:05:49 --> 00:06:02 | still liked that buy side, as I ended this string, I recorded myself executing in that last hour MACRA. And it ran out it did way, way, way more than I had in |
| 21 | 00:06:02 --> 00:06:14 | the trade to capitalize on. So in the last 10 minutes of trading, which is the 350 You know, market and close algorithm that that macro really sent price up |
| 22 | 00:06:14 --> 00:06:28 | parabolically as well. And then after the New York regular session, it still kept going and overnight, we did more. So I know it feels like this thing should |
| 23 | 00:06:28 --> 00:06:37 | crash anytime. You know, when you're looking at the stock indices. It feels like they shouldn't be in fact, that's how I look at it too. Like there's no |
| 24 | 00:06:37 --> 00:06:48 | justification for them to be where they're at. Okay, it's a big Ponzi scheme. But hey, you know, you got to stick with it until it proves you wrong when we're |
| 25 | 00:06:48 --> 00:06:57 | in all time highs, and there's nothing like what do you what do you draw out as a draw and liquidity that's above where you are right now are the highest highs |
| 26 | 00:06:57 --> 00:07:07 | ever made? What are you reaching for the stars, you don't know how far it's going to go. And you don't know when it's going to end or reverse. So I don't |
| 27 | 00:07:07 --> 00:07:15 | have any tools for that no one really does. So it's kind of like one of those things where you just have to keep taking by signals and stick with that as your |
| 28 | 00:07:15 --> 00:07:27 | underlying bias. And if you have something that's really, really set up for, like a, like an afternoon lunch hour reversal, that's not a reversal for the |
| 29 | 00:07:27 --> 00:07:37 | high timeframe trend, it just means that it's reversing on an intraday basis to seek liquidity. So since we're underlying ly bullish in the lunch hour, usually |
| 30 | 00:07:37 --> 00:07:49 | you'll see the market retrace back down to take out a low that formed going into noon lunch hour. So always have your time when trading view set to New York |
| 31 | 00:07:49 --> 00:08:05 | local time. And the lunch hour is usually like 1130 to 130. So it's technically what two hours right? So in that field a time I allow for a stop hunt, I look |
| 32 | 00:08:05 --> 00:08:10 | for that in the lunch hour. So we're watching it poke here into a new higher high here |
| 33 | 00:08:26 --> 00:08:30 | have a five minute chart, it shouldn't be there. So you want me to chart? |
| 34 | 00:08:39 --> 00:08:54 | Alright, big opening range gap. So this is the opening range gap low. And the opening range gap high is the opening price. Did you guys bother to go through |
| 35 | 00:08:54 --> 00:09:05 | yesterday's price action after grading the opening range like I'm just gonna show you here again. Are there any turning points on those same levels projected |
| 36 | 00:09:05 --> 00:09:23 | through the remainder of the day. This is half of the gap. The first quarter, lower third and complete closure. So without trying to call a reversal, I'm |
| 37 | 00:09:24 --> 00:09:34 | going to do that because I basically built the case yesterday and starting it off again today is you don't want to try to predict the top in a primarily long |
| 38 | 00:09:34 --> 00:09:46 | term bull market. But we can trade back down into here like we saw yesterday and it still went higher. So I'm favoring a move down to at least mid gap and how we |
| 39 | 00:09:46 --> 00:10:02 | trade there and also what levels they leave if they leave any at all at 945 So if you look at your economic calendar 945 All right, we have the PMI number |
| 40 | 00:10:02 --> 00:10:25 | coming out. So a lot of news, red folder news on forex. Overnight, we saw euro and cable move higher as a result. Alright, so head by side swept here. This, I |
| 41 | 00:10:25 --> 00:10:33 | don't like this, usually I would view that as a breaker. But we had this wick all the way up and we widen it out love it so you can see the candles better. |
| 42 | 00:10:37 --> 00:10:47 | Okay, so I'm watching this little area right in here. That's your first gap inside the opening range. Now opening range, to me is the first 30 minutes I |
| 43 | 00:10:47 --> 00:11:01 | don't care what anybody else says about what opening range is. That's what they're looking at. But opening range to me is the first 30 minutes. So this is |
| 44 | 00:11:01 --> 00:11:12 | your first gap inside the opening range. I'm going to keep that kind of like a neutral color. You don't have any kind of subconscious emphasis placed on it |
| 45 | 00:11:12 --> 00:11:18 | like if I made it orange, you would think it's going to be an inverted pair of a gap. Or if it was red, it would be bearish or if it's blue or green, it'd be |
| 46 | 00:11:18 --> 00:11:27 | bullish that type of thing I don't I don't want to influence myself or you as a viewer. But I'm watching this, this gap there |
| 47 | 00:11:34 --> 00:11:47 | watch half of this wick. It's a consequent encroachment, which are treated the same way in my analysis concepts as a gap. So it'll many times go right back to |
| 48 | 00:11:47 --> 00:11:53 | the middle of the gap or middle of the week rather, whether it's a wick to the high end of the candle or the low end |
| 49 | 00:12:03 --> 00:12:15 | now I'd like to see it, use this here because we failed to get to the halfway point of this gap or wick make it to here |
| 50 | 00:12:26 --> 00:12:31 | so I'm looking at this level right here, I still didn't get all the extensions |
| 51 | 00:12:37 --> 00:12:38 | and sell sides right here. |
| 52 | 00:13:08 --> 00:13:18 | This is the upper quadrant on the opening range gap that's at that level is right here. scrunch it up, we'll get down to their upper quadrant, here's mid |
| 53 | 00:13:18 --> 00:13:20 | gap of the opening range |
| 54 | 00:13:26 --> 00:13:37 | you see a volume and bounce rate here and we have a gap that is here if this cannot enclose if it comes back up to the bottom end of that enter that volume |
| 55 | 00:13:37 --> 00:13:42 | and bounce that can act as an immediate rebounds and then get send it down into mid gap |
| 56 | 00:13:48 --> 00:13:57 | again, so that we can see this level here is the upper quarter of the gap that is from where we settled yesterday I'll show you with regular trading hours |
| 57 | 00:13:57 --> 00:14:10 | again, that's the upper mid gap. That's where I'd like to see it drop down to a minimum. And then down here is the lower quarter of the gap and here is the full |
| 58 | 00:14:10 --> 00:14:10 | closure |
| 59 | 00:14:26 --> 00:14:38 | as long as it doesn't tear off for it to come back up above, this candle is high that we're in and we touch that upper quadrant that might act as a institutional |
| 60 | 00:14:38 --> 00:14:47 | order flow entry drill, where it just goes up a little bit leaves this portion open between this candles low and if this candle can close in that have a |
| 61 | 00:14:47 --> 00:15:05 | complete closure that will create a in my mind a breakaway gap sending us down into here so I I officially registered with the Robins Cup last night with |
| 62 | 00:15:05 --> 00:15:13 | doorman so that's the broker I elected to go with I'm not representing them I don't act as an introducing broker I don't think you should trade with them I |
| 63 | 00:15:13 --> 00:15:30 | don't know how else to say it but out of the choices I was gonna go iron beam but I was suggested that way to use doorman over them so that's what I did as |
| 64 | 00:15:30 --> 00:15:40 | soon as they give me all the confirmations and give me the okay to send the water I'll send that when Chelsea Robins gives me the email that everything's on |
| 65 | 00:15:40 --> 00:15:50 | the hunky dory I will post that publicly. I know that that's officially I'm in there and I am funded okay but my first trade will not be done in that account |
| 66 | 00:15:50 --> 00:15:52 | until February sixth. |
| 67 | 00:16:39 --> 00:16:49 | Gotta put a password on this thermostat I go upstairs in my office and my wife turns the heat up. I'm dying here the window open fan blowing on that's what |
| 68 | 00:16:49 --> 00:16:59 | you're hearing by the way it's the the air coming on literally right underneath that air vents if you hear that noise or that sound it's ready to cook me |
| 69 | 00:17:15 --> 00:17:27 | see there's a small area right in here. I'm not going to leave this one but right there you see that I'd like to see that stay open. Okay, let's see that |
| 70 | 00:17:27 --> 00:17:27 | stay open |
| 71 | 00:17:33 --> 00:17:34 | and we're down here is mid gap. |
| 72 | 00:18:16 --> 00:18:27 | Again, for disclosure sake I'm discussing price action over the medium of a paper trading account. None of this should be viewed as investment advice. And |
| 73 | 00:18:27 --> 00:18:37 | there's some of you're not going to listen to that you're still going to try to do something based on what I said even after yesterday which is make your own |
| 74 | 00:18:37 --> 00:18:38 | risk it's better that way. |
| 75 | 00:18:43 --> 00:18:46 | Right four and a half minutes till the PMI number comes out. |
| 76 | 00:19:36 --> 00:19:49 | So if you look at this price swing right here if they use the 945 news. To reach lower I'm measuring from the body's highest open or close in this swing which is |
| 77 | 00:19:49 --> 00:20:08 | the up close candles closing price. And you can check that by up here this is the close this According to three quarters, and the open is 9050. So this is the |
| 78 | 00:20:08 --> 00:20:19 | highest one. And I'm dragging down to the lowest open or close in this price swing, right here, and I'm circling my cursor. So that's this right here. Now I |
| 79 | 00:20:19 --> 00:20:32 | want to do it half, one, and one and a half. And that gives me targets to reach for, based on this price point. And I want to look and see does here is there |
| 80 | 00:20:32 --> 00:20:43 | anything that overlaps this would have been better if it would overlap with that mid opening range gap, halfway point. And now I'll get a measurement on the |
| 81 | 00:20:43 --> 00:20:56 | extreme wicks. And I get a baseline based on all of them. So it's real close real in terms of proximity. So I like the idea that trading down to the mid gap, |
| 82 | 00:20:56 --> 00:21:05 | or halfway of whatever they're doing rings got was measured with these levels are showing right here. This is a fib level. So the FIB there's no magic in a |
| 83 | 00:21:05 --> 00:21:16 | fib, fib, this gives me measurements, treat them as a standard deviation how how many multiplications of a particular range can go higher or lower. If I look for |
| 84 | 00:21:16 --> 00:21:28 | things that are in close proximity to other PD arrays, a pool of liquidity you can older or old Hi, I'd like to see that as my targets. The the weakest part I |
| 85 | 00:21:28 --> 00:21:44 | have for my own personal trading is my dissatisfaction for my exits, I want them to be better than they are. And when I'm on site and I'm getting out profitably, |
| 86 | 00:21:45 --> 00:21:54 | they're good you know, you've seen examples of it but to me, that's the that's the part I wish I could strengthen. Like I want that to be better. I'm always |
| 87 | 00:21:54 --> 00:22:06 | striving for that. So we're one minute and 15 seconds away from the PMI numbers coming out and watching to see if they shoot it up into here or even exaggerate |
| 88 | 00:22:06 --> 00:22:18 | up into this initial fair value gap. It hits that and rejects then that will be where my objective is I don't want to get in ahead of that number |
| 89 | 00:22:26 --> 00:22:42 | I ended the day positive yesterday I saw the the savages on Twitter were happy yesterday that's good. I'm glad to have that energy here in a couple of weeks |
| 90 | 00:22:49 --> 00:22:59 | how about trades by Matt? Round of applause Mr. Miller well done sir. Well done. Last year you made it on a leaderboard this year and you're number two spot you |
| 91 | 00:22:59 --> 00:23:09 | are technique what they call the shit right now. I was teasing him last night but it's awesome to see him doing it alright four seconds |
| 92 | 00:23:16 --> 00:23:18 | here we are let's see |
| 93 | 00:23:37 --> 00:24:46 | On I was expecting to see a little more movement in this were waiting for you ICT. Would you stop loss out there buddy? Yeah, about that. Like, I think 16,000 |
| 94 | 00:24:46 --> 00:24:54 | consecutive viewers, I was like my high that I saw. I don't have a measurement. I don't see how many is watching right now. But I peeked at it when I was |
| 95 | 00:24:54 --> 00:25:07 | changing screens to go back to OBS to check my microphone and sound It flashed up that there was like 16,000 people watching, which is a little unnerving to be |
| 96 | 00:25:07 --> 00:25:20 | honest with you. It's a lot of people even watching you. But imagine if if just 10% of individuals put a trade on and put their stop loss rate where I was |
| 97 | 00:25:20 --> 00:25:29 | putting my stop, that creates a huge pool of liquidity in a very narrow range day yesterday. So it was really interesting to see how go right to the stop |
| 98 | 00:25:29 --> 00:25:38 | loss, and didn't go anywhere else after that, but it was like a stop, and then make back to the middle of the range of the day. And that's also one of the |
| 99 | 00:25:38 --> 00:25:47 | reasons why I was telling Joe Robbins, I don't want anyone copy my trades there. Because it sounds like a wonderful idea. If this guy's good, or whoever's good, |
| 100 | 00:25:47 --> 00:25:56 | you follow them, and whatever they do with their account, you can do too, but if there's a large following, okay? Apparently, when I go somewhere, it's like a |
| 101 | 00:25:56 --> 00:26:09 | carnival behind me. So that would create a huge pool of liquidity. What if I was a market maker, I would, I would lease it to, who wouldn't you would do it. And |
| 102 | 00:26:09 --> 00:26:19 | if that's the easiest, largest pool of liquidity that you into on low range, or small range day, then it goes without saying it creates that very issue, which |
| 103 | 00:26:19 --> 00:26:28 | would plague me as a trader. So if I'm trying to have really good precision, and well stock placement, but then I have everybody else, hitchhiking on that same |
| 104 | 00:26:28 --> 00:26:36 | idea, it creates too much of a pool of liquidity that the market will absolutely just go and run for. So for the people that are neophytes, they're just |
| 105 | 00:26:36 --> 00:26:46 | completely green to it and have no idea what they're doing or what they're talking about. Someone that has a huge influence the Create liquidity, because |
| 106 | 00:26:46 --> 00:26:56 | they're being copied, that would be counterproductive for me, so I want to be able to get in and out of trades with no problem not create liquidity to be |
| 107 | 00:26:56 --> 00:27:07 | drawn to and that's a large pool of liquidity would be created as a and there's no way of escaping it. Robins and whoever else would be associated with it, they |
| 108 | 00:27:07 --> 00:27:16 | would be profiting because of the turning of the you know, the participation of falling whoever it was. But me as the trader that would be number one would be |
| 109 | 00:27:16 --> 00:27:21 | in my head mess me up because I would feel like I'm trading your money which I'm not |
| 110 | 00:27:28 --> 00:27:35 | right, my attention is right back to this fair value gap. So I'm watching see if we can bump the bottom end of that |
| 111 | 00:27:51 --> 00:27:52 | not on the sinking. |
| 112 | 00:28:45 --> 00:28:55 | I would feel better about had they gone down here and upset these relative equal lows. And then if it made a run above this high, then it'll be easy for me to |
| 113 | 00:28:55 --> 00:29:03 | fall back in sync with Okay, I'm going to stick with a higher timeframe bias and then maybe treat this as an emerging favor. I got this one here. But the fact |
| 114 | 00:29:03 --> 00:29:13 | that they left that like that, it just feels like wait. So I'm gonna wait for 10 o'clock and see if I can get a turtle, not a turtle. I was gonna say turtle |
| 115 | 00:29:13 --> 00:29:25 | soup. I'm gonna get me a silver bullet if I can find one. I mentioned that if the market was going to run a little bit yesterday, I would drop down into lower |
| 116 | 00:29:25 --> 00:29:34 | timeframes underneath the one minute chart. So that's kind of like what I want to try to do and focus on today to show you what it looks like on lower |
| 117 | 00:29:34 --> 00:29:48 | timeframe in relationship to everything else I'm looking at. I'll change this one, here to be five minutes |
| 118 | 00:29:54 --> 00:30:13 | changes to one and we'll go down into a 15 second chart Okay so we found our way up into that first initial fair value got other day we have a minor sell saw the |
| 119 | 00:30:13 --> 00:30:18 | code repo right here this is mid range open gap. |
| 120 | 00:32:33 --> 00:32:34 | nothing to get excited about here yet |
| 121 | 00:32:59 --> 00:33:10 | got a lot of appreciation in the comments about what I taught yesterday in regards to emerging fair value gaps the opening range gap appreciate that |
| 122 | 00:33:32 --> 00:33:47 | so for lower timeframe charts like less than one minute 15 seconds 32nd Five Second 45 Second anything interval below 60 Minute, I'm sorry 62nd charts are |
| 123 | 00:33:47 --> 00:34:00 | one minute charts they can be utilized to run five minute price runs 10 minute price runs 15 minute price runs, hourly price runs, or you can utilize them to |
| 124 | 00:34:00 --> 00:34:14 | get in sync with the marketplace. Like if you miss a, a really good 15 minute entry or a five minute entry or you missed it perfect one minute entry. The 15 |
| 125 | 00:34:14 --> 00:34:22 | second or five second is very forgiving because let's say you you saw that the market was likely to go higher. And you missed the ideal entry on a woman |
| 126 | 00:34:22 --> 00:34:33 | farewell you get and it runs off. Well if you drop down less than one minute, you'll pick up a lower timeframe. Fair Value get it's going to act the same way |
| 127 | 00:34:33 --> 00:34:44 | because price is fractal. And also by linking that same idea to the structure on the one minute chart that would have been your initial entry. Your stop can |
| 128 | 00:34:44 --> 00:34:54 | actually be even less than that because you're using a smaller timeframe. So everything in this price action here. This is not conducive of any one direction |
| 129 | 00:34:54 --> 00:35:06 | at all. This is definitely just going back into our first fare Vega which It could be a rotation in here or go higher I don't have any trust in it yet |
| 130 | 00:35:06 --> 00:35:18 | because I don't have anything except for it coming down to this area and to this boss and analysis on efficiency it's not enough for me it's not good on a one |
| 131 | 00:35:18 --> 00:35:27 | minute chart over here I don't have anything to offer myself a sound entry on all we're doing is trading to a gap and typically there's a fair value gap |
| 132 | 00:35:27 --> 00:35:29 | doesn't mean that's a trade |
| 133 | 00:35:42 --> 00:35:46 | so up here on the a five minute chart |
| 134 | 00:35:52 --> 00:35:57 | this is our city there okay |
| 135 | 00:36:03 --> 00:36:16 | so we had this high, low, higher high, broke lower in a bearish market this is a shift in market structure bearish there, but against the higher timeframe I'm |
| 136 | 00:36:16 --> 00:36:30 | not looking at like that right here I would demand more information from price and I want to be inside that post 30 minutes you know 10 o'clock to 1030 That's |
| 137 | 00:36:30 --> 00:36:42 | where I want to have my my first entry in there the problem with that is I'm going to pick this up I don't like to leave this stuff on the chart. If I don't |
| 138 | 00:36:42 --> 00:36:49 | draw attention to it, you won't know what I'm referring to and where my focus is. So you'll have to forgive me if you want to see these things stay on the |
| 139 | 00:36:49 --> 00:36:58 | chart. I can't it's too distracting. But those are places in which I'm focusing on as it relates to the five minute chart. |
| 140 | 00:37:23 --> 00:37:32 | POUND DOLLAR has a weird double top and we're just looking at I have all my monitors that come today and I'm working off my laptop Oh my main hardwares in |
| 141 | 00:37:32 --> 00:37:52 | front of me and just come on it's a weird looking dollar top dollar some of you for sure his ears perked up he's talking about FX you get the feeling why I |
| 142 | 00:37:52 --> 00:38:18 | stopped trading Forex now sloppy and it's real frustrating over there bad stuff coming as why all right so SMP looks like it wants to drop in here let's take a |
| 143 | 00:38:18 --> 00:38:19 | quick look at yes |
| 144 | 00:38:31 --> 00:38:32 | Suicide |
| 145 | 00:39:18 --> 00:39:23 | you got to jump on it yes aren't you can help yourselves |
| 146 | 00:39:34 --> 00:39:41 | NSX being a little bit reluctant to do that. |
| 147 | 00:40:06 --> 00:40:12 | So s&p went down hit that sell side have just mentioned now let's take a quick look at that |
| 148 | 00:40:23 --> 00:40:28 | okay go back to NGO |
| 149 | 00:41:14 --> 00:41:24 | want to see is NASDAQ gonna roll over and replicate essentially what es has done Yes is leading to the downside |
| 150 | 00:41:50 --> 00:42:04 | yes picking up momentum on the downside want to see NASDAQ lose some ground in here like to see it give way really harshly below these lows in here |
| 151 | 00:42:52 --> 00:43:02 | Dow has fallen precipitously as tech is holding it being stubborn old bird |
| 152 | 00:43:36 --> 00:43:36 | see |
| 153 | 00:43:43 --> 00:43:44 | that's Dell |
| 154 | 00:43:52 --> 00:44:13 | XPS I was throwing out the liquidity or here these relatively equal lows So when I'm looking at price my jumps right to where it's smooth, smooth edges get me |
| 155 | 00:44:13 --> 00:44:16 | jagged and then |
| 156 | 00:44:22 --> 00:44:27 | wonder that you guys are following my stops |
| 157 | 00:44:52 --> 00:45:06 | remember I was saying the first few minutes of the stream if everybody goes to same place At the same corner that's where the drive bys gonna happen I was |
| 158 | 00:45:06 --> 00:45:16 | telling my private students that this is an interesting observation because if I place my stop publicly and people are going to be following me in a large degree |
| 159 | 00:45:17 --> 00:45:19 | that's creating an engineering liquidity |
| 160 | 00:45:28 --> 00:45:34 | NASDAQ won't drop s&p dropped Dow dropped it was just that |
| 161 | 00:45:41 --> 00:45:52 | don't think these markets are rigged they're rigged they're gonna get good it's gonna go right where you're going to be at if you're large enough fish to fry |
| 162 | 00:45:52 --> 00:46:05 | they'll fly you now explain why both the Dow and the Nasdaq dropped off but the one I'm putting myself into in front of everybody they're gonna say no we're not |
| 163 | 00:46:05 --> 00:46:06 | gonna take it down here ICT |
| 164 | 00:46:14 --> 00:46:17 | they're not rigged they don't go for your stuff. Yes they do |
| 165 | 00:46:23 --> 00:46:25 | even left this right in here |
| 166 | 00:46:43 --> 00:46:47 | all this one here out what |
| 167 | 00:47:04 --> 00:47:06 | that's why I don't want people copying me |
| 168 | 00:47:12 --> 00:47:21 | some of you young bucks out there thank you new stuff. Oh, that's that's his excuse. You're watching it. You literally wants to happen here. You can't have a |
| 169 | 00:47:21 --> 00:47:23 | better testimony to why I don't want to do it |
| 170 | 00:47:41 --> 00:47:54 | ES is off that run on that. Southside pretty nice. Take a real quick look at that. On the string. I can see it on my charts but I want to bring it up here |
| 171 | 00:48:09 --> 00:48:17 | want to see if it can support es in here and start going higher than NASDAQ will probably have a sustained run above its initial high of the day. |
| 172 | 00:48:27 --> 00:48:28 | Nice reaction off the bat |
| 173 | 00:51:15 --> 00:51:16 | To buy |
| 174 | 00:51:22 --> 00:51:25 | we'll be reaching for the heights |
| 175 | 00:51:46 --> 00:51:57 | want to see this candle here come down and hit that one I would have went long there but it hasn't given it to me so I can't chase it and I'm not really |
| 176 | 00:51:57 --> 00:52:01 | interested in it now because it's move too far away from it |
| 177 | 00:52:26 --> 00:52:37 | so far NASDAQ's is staying inside its opening range that's the highest high here and the low |
| 178 | 00:52:46 --> 00:52:48 | watching this and we are here halfway point |
| 179 | 00:53:15 --> 00:53:34 | should have pulled a fast one I should have executed on the yes and kept the NASDAQ chart off they're watching me on the MQ pool shell game on was in Chicago |
| 180 | 00:53:35 --> 00:53:36 | you guys have popped through |
| 181 | 00:53:44 --> 00:53:52 | Alright, so NASDAQ has shaken off any willingness to want to go lower bid and even take the sell side out below here which to me is it's pretty neat |
| 182 | 00:54:02 --> 00:54:16 | denied me an entry on this order block denied me an entry at this order block. So we are seeing some shenanigans you enjoying the show out there buddies I'm |
| 183 | 00:54:16 --> 00:54:23 | still gonna fuck this shit up in Robins now live streaming news |
| 184 | 00:54:46 --> 00:54:54 | so it's a little too expensive in here for en que. So my attention will go to ES |
| 185 | 00:58:33 --> 00:58:34 | See you |
| 186 | 00:58:48 --> 00:58:49 | you don't think there's watching me |
| 187 | 00:58:54 --> 00:58:55 | Of course they are. |
| 188 | 00:59:41 --> 00:59:42 | Just for good measure |
| 189 | 01:00:22 --> 01:00:30 | It's interesting, isn't it, I can call all the candles, as long as my staff is not placed in there. As soon as I can public stop, you'll go right to the stop. |
| 190 | 01:00:31 --> 01:00:34 | And all they're doing is proving everything I've already told you |
| 191 | 01:00:44 --> 01:00:45 | runtime liquidity |
| 192 | 01:00:59 --> 01:01:06 | I didn't get to have the chances I was looking for for that, and queue to get onto it, for it ran up there |
| 193 | 01:01:25 --> 01:01:43 | the premise I'm using is that we had this drop here. Southside below here in the south side over here. I mentioned earlier wait for the drop. So that's a |
| 194 | 01:01:43 --> 01:01:47 | breaker. And it's suspending, in my opinion, too much time here. |
| 195 | 01:01:53 --> 01:02:03 | If I were them, I'd stop me then run it. Because it's not just my start, it's every one of you that have placed your stop loss right there too. |
| 196 | 01:02:12 --> 01:02:18 | They don't call, they don't care about the calls being mentioned. They don't say, oh, let's go after that move, because he's mentioned it. But if I put a |
| 197 | 01:02:18 --> 01:02:27 | stop there, you're all following that stop loss. And that creates an engineers liquidity. It doesn't negate a trading methodology, it just proves the |
| 198 | 01:02:27 --> 01:02:34 | methodology that it's gonna it's gonna go to where the largest pool of liquidity is the easiest path of least resistance and just it's going to jump right there |
| 199 | 01:02:34 --> 01:02:35 | that liquidity is. |
| 200 | 01:02:46 --> 01:02:56 | And since net, since NASDAQ failed to go lower, to take itself side out here, where the s&p did go lower down here taking into it. So I'll sign out. I |
| 201 | 01:02:56 --> 01:03:06 | mentioned this in here, is it going to support price, and we see that it did. And then we're inside this area here, which is less a closed candle prior to the |
| 202 | 01:03:06 --> 01:03:24 | drop down, that's a breaker price should run up into this buy side and join and Q in its higher high the day. So it's like a six Sr. So I was using six Sr, |
| 203 | 01:03:24 --> 01:03:36 | which is one index is leading the other. It's not SMT SMTs, for measuring the turning point where it takes place at what specific price level in comparison. |
| 204 | 01:03:37 --> 01:03:49 | Wow, while markets are movement. successor is when there is a price run that is being led by one or two of the indices. And one of them is reluctant what it |
| 205 | 01:03:49 --> 01:03:59 | won't join it, which is what we were looking at with the NASDAQ. I shorted the NASDAQ with that premise in mind that it would catch up basically, and move |
| 206 | 01:03:59 --> 01:04:13 | lower for a run into a lower low, at least aiming for these down here. And my intentions were if it would have done that my stop would have been lower than my |
| 207 | 01:04:13 --> 01:04:21 | entry just to cover what would be considered hypothetical costs, which are nothing because it's in a paper trading account. But I have it set to commission |
| 208 | 01:04:21 --> 01:04:30 | costs would be like if you were trading with and global, that that's what I have set in place as a setting on my trading view. So if I do an execution, the |
| 209 | 01:04:30 --> 01:04:41 | numbers reflect that. That's what it would cost me. It's not perfect, but it's just a rough approximation set. Well, you're not just getting a sugar high. Oh, |
| 210 | 01:04:41 --> 01:04:51 | this is what the market would have paid me here and that factoring in commissions NFA fees and whatnot. Because NASDAQ 118 wasn't able to get below |
| 211 | 01:04:51 --> 01:05:04 | here. And s&p has already done its work by going down here. And then NASDAQ went to a higher high. The premises stops have been taken. First order of rebalancing |
| 212 | 01:05:04 --> 01:05:14 | has been shown here, then this breaker again spending a little too much time it needs to be on this candle the next it needs to start running higher |
| 213 | 01:05:19 --> 01:05:26 | I'd like to see NASDAQ start going higher to now just really pull up all boats rise in high tide basically. |
| 214 | 01:05:50 --> 01:06:02 | We're at a really sweet spot for manipulation like it's, it's a perfect area where the market can really beat up both sides of the marketplace. They can beat |
| 215 | 01:06:02 --> 01:06:13 | up bears, they can beat up bowls. And they can also frustrate both by keeping it in their ranges, and then shooting it off into liquidity that's been generated. |
| 216 | 01:06:15 --> 01:06:30 | So it's not easy right now don't don't go anywhere. Or stretch of the imagination think that it's easy. It's not not at this this moment. But the year |
| 217 | 01:06:30 --> 01:06:43 | is young, so many so many opportunities waiting all the stuff that's going on around the world that's going to cause commodity prices to go crazy. |
| 218 | 01:07:06 --> 01:07:07 | Slow |
| 219 | 01:07:18 --> 01:07:28 | I wanted to see when I first put my initial entry here in the stop loss, wrap, put it up, put it right underneath this low. And I was wanting this to stay |
| 220 | 01:07:28 --> 01:07:39 | entirely open, I didn't want to see it come back down into that area at all. I'm still not out of the woods yet, I mean, you could still just come right back |
| 221 | 01:07:39 --> 01:07:52 | down here and pull my head off and everybody in but this gap here, it's a continuation of this candle, this volume imbalance in this candle here to that |
| 222 | 01:07:52 --> 01:08:04 | candles low. So all of this area above the inversion fair value gap here that in my mind, I wanted to see this little area stay entirely open and not go below |
| 223 | 01:08:05 --> 01:08:17 | the low. And that's where I had my stop loss. So to form, I'm sure there's lots of you in here that want to take that same idea. And you placed your liquidity |
| 224 | 01:08:17 --> 01:08:24 | there too. And it's a very narrow range, and it's easy for it to be driven right down to it, excuse me. |
| 225 | 01:08:33 --> 01:08:41 | So it's not, it's not that I don't want to help other people. You know, if I have a winning trade, you know, I would want nothing more than to be able to sit |
| 226 | 01:08:41 --> 01:08:52 | here join me in take that same winning trade. But the dynamics behind it doesn't, doesn't facilitate it. Because you're literally creating a bull's eye |
| 227 | 01:08:52 --> 01:09:00 | on yourself. By having that and sitting out here and watching it literally puts a bull's eye on it. And it's proven because listen to what I was doing at the |
| 228 | 01:09:00 --> 01:09:10 | opening range today. And what I was looking at yesterday, when there was no execution zero, I knew exactly what it was reaching for it was explained. But |
| 229 | 01:09:10 --> 01:09:18 | until liquidity enters the market, they're not going to they're not going to make a run on a opinion of a candlestick doing this or doing that. There's |
| 230 | 01:09:18 --> 01:09:27 | nothing they can't capitalize on that. But as soon as you enter the market and you have your orders resting in the marketplace, then now there's a reason to |
| 231 | 01:09:27 --> 01:09:39 | drive the market right to that liquidity proving the various functions that I tell you that price runs on the basis of liquidity. What liquidity above and |
| 232 | 01:09:39 --> 01:09:55 | below the range which is time now price, it's time. How far do we look back right now for Emini, s&p. The buy sides are here. See how lethargic it is? |
| 233 | 01:10:03 --> 01:10:04 | really difficult |
| 234 | 01:10:16 --> 01:10:38 | I don't like the Dow I'm just gonna pull it up just contrast yes trash. I love the Dow 30 stocks it's not even worth trading but ICT I got paid out |
| 235 | 01:11:06 --> 01:11:20 | all right, it's one hour trading has passed. We've not seen the E Mini s&p retorts, buyside, NASDAQ has created a higher high, it's hanging aloft above. So |
| 236 | 01:11:20 --> 01:11:30 | I'm going to collapse this and sit still for a moment to get a better read on what it wants to do. |
| 237 | 01:11:42 --> 01:11:51 | Big decoupling they're not moving in tandem, and you want to be in a market environment that's symmetrical, meaning that they're going to move I mean, they |
| 238 | 01:11:51 --> 01:12:01 | can have a crack and correlation being the Dow, the NASDAQ and s&p, they can they could have that disconnection as they're moving lower. If you're bullish in |
| 239 | 01:12:01 --> 01:12:17 | one field to go lower than an SMT that's, that's, that's a welcomed decoupling, it gives you a timing aspect. But if it's not in both directions, in both |
| 240 | 01:12:17 --> 01:12:26 | directions are not being confirmed. I'm gonna, I'm just gonna sit out just wait and see what I can find. That means I can't do anything the rest of the morning |
| 241 | 01:12:26 --> 01:12:31 | session then that's that's what it will be. But I'll stay with it. See what we got here. |
| 242 | 01:13:33 --> 01:13:44 | So because they're both not moving in tandem, they should be moving in concert with one another. If there's going to be SMP divergence where the market goes |
| 243 | 01:13:44 --> 01:13:56 | lower, one failed to go lower with it. In your bullish, that's SMT that supports the idea that they both bet that time should start moving in tandem, and |
| 244 | 01:13:56 --> 01:14:08 | agreeing with one another as highs are broken. The other should see highs broken in relative terms. So whatever High was in the place of the last 15 or 30 |
| 245 | 01:14:08 --> 01:14:19 | minutes, both indices should be breaking those highs, one will probably break their highs prior to the other. But they should be eventually moving in that |
| 246 | 01:14:19 --> 01:14:28 | direction. And if it starts getting really lethargic, or it's showing no willingness to want to move, that becomes a suspect market where it can become |
| 247 | 01:14:29 --> 01:14:36 | range bound. And the s&p never clears the higher high in the morning session until we get into lunch. |
| 248 | 01:14:50 --> 01:15:00 | But calling the candles and explaining what it should do and what it shouldn't do it behaving that way. approves concept, but soon as you place a large |
| 249 | 01:15:00 --> 01:15:11 | interest in terms of liquidity, dog, everybody dogpiling in where I'm at, it's just like a candy store. They're just gonna go and snatch it up. It's easy. It |
| 250 | 01:15:11 --> 01:15:19 | costs them nothing to reprice, that pool of liquidity, and they can still resume, sending it some new price they hadn't seen for the earlier part of the |
| 251 | 01:15:19 --> 01:15:31 | day. So again, my point was, it's not that I don't want you to follow me, it is to do so I create too much of an interest where it could be a pool of liquidity |
| 252 | 01:15:31 --> 01:15:42 | easily snatched, just like that. And what I would I capitalize on that, no, it would hurt me and anyone else that follows me. It sounds to someone that doesn't |
| 253 | 01:15:42 --> 01:15:51 | know how the markets book or even how to trade. It sounds like an excuse. But every single time I talk about it, and I'm trying to trade, there's no liquidity |
| 254 | 01:15:51 --> 01:16:00 | placed behind that idea. Every candlestick or IBM referring to it does exactly what I'm saying. But as soon as I put that stuff out there publicly, boom, |
| 255 | 01:16:00 --> 01:16:11 | everyone's right to the start. So it's, for someone like myself, I want to help you do that, like I want to do that. But it's not it's not feasible because |
| 256 | 01:16:11 --> 01:16:21 | you're all going to create that very counter liquidity that would upset my trade. And if you're behind me in that same trade, you won't see a gain out of |
| 257 | 01:16:21 --> 01:16:33 | it either. If I had like five people following me, it was a group of five people and no one talked about it, then obviously, then it can be easily done. But look |
| 258 | 01:16:33 --> 01:16:43 | how many people are here watching it today. And how many people were watching it yesterday. I mean, it's not conjecture it's not contrived. It's It's fact and |
| 259 | 01:16:43 --> 01:16:45 | you can see it it's been proven |
| 260 | 01:16:54 --> 01:17:00 | I'd like to see I'm going to take the just the number part of the entries and exits off the areas of stay up |
| 261 | 01:17:06 --> 01:17:22 | okay, I see this gap over here I'd like to see that if there's inversion. |
| 262 | 01:17:46 --> 01:18:09 | Stop Loss, no liquidity. Watch out who's well, don't put your trade on ICT, just talk about it just read my mind. I ran all these scenarios in my head. Every |
| 263 | 01:18:09 --> 01:18:23 | single one of you thought I've already thought about it. Get my drift now. If I execute on and put a stop and when you're going to copy that, and it creates a |
| 264 | 01:18:23 --> 01:18:33 | large pool of liquidity, where it would be below the marketplace. Price would drop down here, hit it and allow buyers to come in at that cheaper price, not me |
| 265 | 01:18:33 --> 01:18:42 | and whoever else is following me out and it goes higher. That's how markets book. That's how the books that's how it works. And you and you think that I |
| 266 | 01:18:42 --> 01:18:49 | don't want to do it. For other reasons. It's because of that very reason. And I've said it before, but you don't want to believe me. |
| 267 | 01:18:54 --> 01:19:04 | I'm not going to get in here and use like a 20 handle stop loss on the E Mini s&p. Just to make sure I stay in a move. It will take a gross repricing that |
| 268 | 01:19:04 --> 01:19:14 | would be so exaggerated and obvious. I mean extremely obvious at that point just a good I'm going to hit that stop out. But that's poor money management to. |
| 269 | 01:19:29 --> 01:19:44 | So think about what a dis pointed out to you. Okay. This is a high frequency trading entry in old inefficiency over here, where price moves lower if price is |
| 270 | 01:19:44 --> 01:19:55 | going to run for this liquidity and above it, and we're trading here, this order and efficiency has been offered in what sell side and balanced by 10 efficiency. |
| 271 | 01:19:56 --> 01:20:06 | It's a down close in balance. So sell aside, delivery was offered, and then to efficiently rebalanced that area it needs to offer by side delivery or candles |
| 272 | 01:20:06 --> 01:20:18 | that are moving up. We see it here. Okay. So when the market goes back through it on this candle, this inversion fair Vega is acting as a very small little |
| 273 | 01:20:18 --> 01:20:29 | micro balance price range, where it'll be a real support level, there is no support that you can draw from here from a retail perspective. And to do so |
| 274 | 01:20:30 --> 01:20:40 | you're really creating some kind of horseshit that you're, you're going to try to make up something there. But this is all part of what I teach in the fact |
| 275 | 01:20:40 --> 01:20:53 | that went right down. I said, No, watch that. Okay. And then price rallies, this price run here. That right there is essentially silver bullet. It's also when I |
| 276 | 01:20:53 --> 01:21:03 | did Twitter spaces talking about you go for five handles and s&p as a low hanging fruit objective. Note that there is an example. |
| 277 | 01:21:12 --> 01:21:22 | Now do I sit out here and keep putting stop losses out here publicly? And letting them run them? And allow the in the infants that don't know nothing? |
| 278 | 01:21:23 --> 01:21:32 | Assume that the market doesn't respect what it is I'm teaching? Or does it prove what I'm teaching, and it's running for that liquidity? Because every time I |
| 279 | 01:21:32 --> 01:21:38 | talk about it, and I'm not excusing, it's doing exactly what I say it's going to do? Not sometimes, every time. |
| 280 | 01:21:45 --> 01:21:57 | And that part immediately, is a little bit frustrating for me, because I do want to see you do what I know it's possible for you. If I could sit here and do it |
| 281 | 01:21:57 --> 01:22:06 | and show you the stop losses that, you know, I know they wouldn't be to run on, it had to be a wider stop. And I don't use really wide stop losses. So it it |
| 282 | 01:22:06 --> 01:22:17 | flies in the face of I wouldn't be using the logic that I trade with it if I did that, right. So that's why I'm not showing or live streaming my Robbins |
| 283 | 01:22:18 --> 01:22:30 | executions. Either I fail, or I do well. If I do well, you'll see him on the leaderboard. If I do what I intend to do, I'll have a new higher world record |
| 284 | 01:22:30 --> 01:22:38 | than Mr. Williams. That's, that's all I'm going in there for. And then they're trying to be the number one for the year. I'm trying to beat Larry Williams |
| 285 | 01:22:39 --> 01:22:40 | respectfully. |
| 286 | 01:22:48 --> 01:23:03 | But I can't have everybody behind me saying, Come over here. We dare you. Because they will. I would get machines saying that anybody that has the ability |
| 287 | 01:23:03 --> 01:23:17 | to do it, they would do it as well. So now think about for a second for s&p. |
| 288 | 01:23:23 --> 01:23:33 | Be at the sell side over here. Oops. So I decided to draw your attention to when NASDAQ was being reluctant to go lower. I said it looks like yes, it's gonna |
| 289 | 01:23:33 --> 01:23:42 | drop. I gave you this level here where the sell side was Where did it go right down to the sell side. And then it came back above it. I said now we want to see |
| 290 | 01:23:42 --> 01:23:45 | if this gap year |
| 291 | 01:23:52 --> 01:24:05 | on a 32nd chart, too. That's this candles low. That candles high. Extend that forward? Did we wick outside of it? Yes. Why? Because wicks are where the damage |
| 292 | 01:24:05 --> 01:24:14 | is done. The bodies tell you where the bulk of the volume in the narrative is. It's it's signaling that this very area that I told you to watch and see if it |
| 293 | 01:24:14 --> 01:24:23 | supports Bryce. It's in the live stream. Okay, scrub back, I don't hide the ability for you to rewind it. It's there, you can do it or not, I'll delete my |
| 294 | 01:24:23 --> 01:24:33 | live streams. By the way. This one won't be deleted either. You can't learn it if if I'm going to make the time to show you this stuff. And if it doesn't give |
| 295 | 01:24:33 --> 01:24:44 | me the outcome that I wanted to show you favorably for me to delete it. First of all, it's a little bit move. It's a it's a poor character. demonstration, and |
| 296 | 01:24:44 --> 01:24:54 | I'm not afraid or ashamed of it. Because I understand what's going on here. And I also know that these are not going to be streamed when I'm in the Robins cup |
| 297 | 01:24:54 --> 01:25:05 | trading, they're going to be just like always do off camera, but you can't fake it. there because it's only allowing me one account to trade with. But this area |
| 298 | 01:25:05 --> 01:25:14 | here, does it support it with the bodies? Look at that body close rate on the low that see it. So that right there is a signature that says, yes, the market |
| 299 | 01:25:14 --> 01:25:25 | will start repricing higher. So what do you look for this breaker here, I put a stop loss and you're expecting this area to stay open, but right down to the |
| 300 | 01:25:25 --> 01:25:45 | start. And then what meanders we wait for NASDAQ to push higher. all boats rise in high tide. Meaning if this is going up, the tide should be rising. So s&p is |
| 301 | 01:25:45 --> 01:26:01 | another boat in the same water. So it should rise as well. The market rallies supports es with the breaker rallies up and I told you the inversion fair value |
| 302 | 01:26:01 --> 01:26:29 | gap over here. Near what time is that? 930 30 seconds after 930. So in this 32nd timeframe, that's our first what? in balance, it becomes rebalanced, once it |
| 303 | 01:26:29 --> 01:26:40 | goes up into offers it and breaks away from it. So it's offered both passes up and down in that little candlestick right there. That's highlighted. That passed |
| 304 | 01:26:40 --> 01:26:50 | down lower, of course, that is based on a one minute chart, I wanted to go on a 32nd because that's where I showed this imbalance here. And admittedly, if |
| 305 | 01:26:50 --> 01:27:01 | you're new, this is a whole lot of plate spinning, to be referring to constantly. And that's why it's not easy. It's not easy to do this. But this is |
| 306 | 01:27:01 --> 01:27:09 | what I do. So I cycle through the timeframes. Because that's what an algorithm would do would go through one timeframe down to the next day on the next day on |
| 307 | 01:27:09 --> 01:27:17 | the next and it's looking for inefficiencies and liquidity. And once it makes one single pass, then it reverses direction and starts looking for the opposing |
| 308 | 01:27:17 --> 01:27:27 | side of either if it was seeking downside, or sell side or discount, then it'll switch to seeking premium, you know, go for inefficiency above price, or short |
| 309 | 01:27:27 --> 01:27:35 | term highs where buy side is. And it's all that it does all day long. All day long it does that in buying and selling pressure have nothing to do with it. |
| 310 | 01:27:36 --> 01:27:46 | How? Think about it for a second, okay, really think about it. If it's buying and selling pressure, how could I predict that insignificant little price range |
| 311 | 01:27:46 --> 01:27:59 | was going to support price before it did it. That means I'm predicting the buying pressure. That's That's nonsense. That's nonsense. I'm looking at the |
| 312 | 01:27:59 --> 01:28:08 | areas at which the market itself will respect. Or if it doesn't respect it, then it gives me another side of that narrative or a different perspective to that |
| 313 | 01:28:08 --> 01:28:19 | either I have to reverse my expectations or sit on my hands and do nothing. So the market did in fact support it here. We did go up in the breaker, the |
| 314 | 01:28:19 --> 01:28:34 | inversion fair value gap here that has been repriced, to and becomes a balanced price range. A balanced price range is when a range of inefficiency or a dealing |
| 315 | 01:28:34 --> 01:28:44 | range, it could be a larger price range. So balanced price range is not limited to just inefficiencies. When you have a market has traded both directions up and |
| 316 | 01:28:44 --> 01:28:53 | down in between a defined range, where it's easily discernible which this is the highest high that range or trading range to this low when it's traded back and |
| 317 | 01:28:53 --> 01:29:05 | forth and near. Okay? Once it leaves that range, it doesn't matter which direction once it leaves that range, it will act as real support or resistance. |
| 318 | 01:29:05 --> 01:29:19 | And because price was sitting right here, it was sitting right in here. As said, Watch this fair bike app here and drag it out in the back of that truck, which |
| 319 | 01:29:19 --> 01:29:29 | is what it's drawn from right there. I pull that out. And you see it right there hanging out. And I did absolutely I was going to go for I was going to go in and |
| 320 | 01:29:29 --> 01:29:36 | do two contracts. But if I did that, it would have been like, Well, you didn't drop down. So I ran through all kinds of scenarios. In a matter of a few |
| 321 | 01:29:36 --> 01:29:45 | seconds. I felt like it could have panned out but I also knew that if I put my stop loss down here, you could just wick down here, grabbing and then run and |
| 322 | 01:29:45 --> 01:29:54 | just further frustrate me in front of all of you. So I just said I'm just going to call it because they can't run on anything that's called out. There's no |
| 323 | 01:29:54 --> 01:30:07 | liquidity behind that. So when you when you weigh all this stuff out, you can See that the concepts, in fact do work. So much so proven that if I create, with |
| 324 | 01:30:07 --> 01:30:16 | my presence in a specific price point, saying this is where my stop loss is, if that's in the marketplace, and a large percentage of you are doing that same |
| 325 | 01:30:16 --> 01:30:25 | thing, because your belief is I'm here doing live streaming, not to try to embarrass myself not to try to do it foolishly, to do the very things that I do |
| 326 | 01:30:25 --> 01:30:40 | when I'm doing my other trades. And I am, I'm trying to do that. But if I make that stop loss, public, it creates all the focus to okay, there's a big pool of |
| 327 | 01:30:40 --> 01:30:52 | liquidity right there right now. It's not like I'm moving the market down 50 handles, it's in close proximity, because I'm trading how I trade. I'm using a |
| 328 | 01:30:52 --> 01:31:05 | respectable amount of risk. It's not exorbitant. But if you all dogpile behind me, and you're doing that same thing, it becomes easy to pick me off and pick |
| 329 | 01:31:05 --> 01:31:15 | you off. Not to be personal, it's not impersonal. It's just that's that's what the market does. That's what it does, it jumps to where that liquidity is. So if |
| 330 | 01:31:15 --> 01:31:21 | all of you are trying to do what I'm doing, because you have belief and faith that I wouldn't be out here trying to do this, if I didn't believe it's going to |
| 331 | 01:31:21 --> 01:31:33 | work, right? And where I say it's going to behave and how it's going to behave, it does. But also, I'm not stupid. Okay? The more times I do this, I don't need |
| 332 | 01:31:33 --> 01:31:42 | to do it this many times approved. What I'm trying to say is the real core reasons why I don't do signal services, I don't do coming watch me in front of |
| 333 | 01:31:42 --> 01:31:53 | the world, because look, how many people here are watching it just a small percentage of that. Perfectly example, I don't need a book map, okay, I don't |
| 334 | 01:31:53 --> 01:32:06 | need a book map, I don't need level two data, I don't need the ladders and I that. If you watch where I make my stocking in that area, will increase. So I'm |
| 335 | 01:32:06 --> 01:32:19 | creating an engineering liquidity for them to fleece. So if I sit out here, I'm actually being counterproductive to you. For someone that doesn't know how the |
| 336 | 01:32:19 --> 01:32:26 | markets trade or book, or doesn't know how the markets operate, that sounds like an excuse. But anyone that's been trading for a long period of time that says |
| 337 | 01:32:26 --> 01:32:35 | obvious, that's where all the orders are going to be at. So it goes without saying that's where the markets gonna jump to. And it could still unwind, and go |
| 338 | 01:32:35 --> 01:32:48 | where I think it's gonna go clearly. Yesterday and today. And for people that say, Well, you know, you always do with offs offs, off screen. Yes, of course, |
| 339 | 01:32:48 --> 01:32:58 | this is the reason why I do it like that. I can tell you what's going to happen clearly here. And like I did yesterday, everything is in conceptual form, it |
| 340 | 01:32:58 --> 01:33:11 | works. But if I put my stop out there publicly, it's a perfect target. It's a perfect target. And for some of you that will be too ignorant to understand |
| 341 | 01:33:11 --> 01:33:20 | that, you know, I'll let you have fun. You can take pop shots all you want. But those excuses, okay, what you are making up, they're not going to hold water |
| 342 | 01:33:20 --> 01:33:28 | here in a couple of weeks. Okay, as aanzien the stuff that you see me do off camera, and that's what's common. And it'll be measured on that leaderboard. |
| 343 | 01:33:28 --> 01:33:39 | Okay. It's just a simple wait and see. That's all I'm saying. But I was encouraged to see the folks yesterday talk about in the comment section. And |
| 344 | 01:33:39 --> 01:33:45 | some of them actually, were trying to defend me on Twitter. You don't need to defend me folks. Really, you don't. Okay, but it's funny watching everybody get |
| 345 | 01:33:45 --> 01:33:47 | their confidence up beating your chest. |
| 346 | 01:33:48 --> 01:33:58 | But the observations of observing what it is I said, What's going to happen yesterday, how difficult was going to be in a range, and in the latter portions |
| 347 | 01:33:58 --> 01:34:11 | of the day, you know, that 253 10 macro? You want to focus on it, and I left you with a live stream saying that I had still faith in that new 513 by side and |
| 348 | 01:34:11 --> 01:34:24 | above it. And at that time, 250 to three turn it ran to it. Exactly as I traded it. off camera. Yes. But it was still in execution. So that that's, I leave it |
| 349 | 01:34:24 --> 01:34:34 | to you as the audience member. Okay. I mean, did you see me outline anything here that moved? Yeah. Did I place my stuff publicly? Yes. Did it run right to |
| 350 | 01:34:34 --> 01:34:48 | my stuff? Yes, it absolutely did. Yesterday, I was looking over and watching how fast it seems I put the stop loss on until it took the time for the latency from |
| 351 | 01:34:48 --> 01:34:57 | whenever I talk here live streamed to when it would be received. It was like about that much time and then I'm suddenly like right to the stop loss. And then |
| 352 | 01:34:57 --> 01:35:06 | it wouldn't go anywhere. It would just hang around middle range. So that's a little frustrating, admittedly. But it's not something I'm going to bear stuff, |
| 353 | 01:35:06 --> 01:35:15 | because it's proving everything I've ever said about it, about the market itself. Wherever that poor liquidity is, that's where it's going to draw to. And |
| 354 | 01:35:15 --> 01:35:25 | if I create that liquidity, not willingly, I'm not trying to so I say, Don't copy me. But you're still going to do it. Because you think that I'm going to |
| 355 | 01:35:25 --> 01:35:33 | catch a big 100% Run, and you want to be part of it, and go on social media and say, I did the same thing you did. And I don't, I don't like that. Not that I |
| 356 | 01:35:33 --> 01:35:42 | don't want to see you make money, or be profitable. But it worries me. Because I don't want any of you following what it is I'm doing, you should be able to see |
| 357 | 01:35:42 --> 01:35:53 | the market when on an independent basis, and take those trades all independently without me doing it. And you'll be in a smaller area of liquidity where they're |
| 358 | 01:35:53 --> 01:36:05 | not so eager to get to you when you're trading. The point I was saying earlier about the book map or whatnot. As soon as I put my stop loss in the public eye, |
| 359 | 01:36:06 --> 01:36:19 | that price level will swell in interest. Meaning I hope I'm saying that right, I think it's Boatman. You know, what I'm talking about, most of you understand |
| 360 | 01:36:19 --> 01:36:29 | what that is. I think Patrick, we use I want to say it's book map. But if it's not, it's whatever that guy puts up there. And it shows like these bubbles on |
| 361 | 01:36:29 --> 01:36:44 | the chart. Whenever I make my stop loss public, you can literally see it swell up and it becomes bigger. Okay, so if it can be seen, like that, and we can see |
| 362 | 01:36:44 --> 01:36:55 | it on level two data where it'll it'll appear that this is how many contracts are sitting at that price. The longer the string goes in prices moving around |
| 363 | 01:36:55 --> 01:37:06 | and hasn't gotten there yet, in terms of a stop loss, the more interest is going to build around that same level. So if you're walking down the street, and you |
| 364 | 01:37:06 --> 01:37:16 | see a wallet, on the ground, and there's some 20s and 50s hanging out of it, are you going to walk by and just let it sit there. Now you're gonna pick it up, |
| 365 | 01:37:16 --> 01:37:23 | whether you're honest, or you're like, Well, I'm just gonna grab it and take it and I'll take the money out and ditch the vault later on. If you're a person |
| 366 | 01:37:23 --> 01:37:30 | with new character, that's what you would do. But either way, your eyes gonna go right to that wallet. And you're going to do what you're going to engage it. |
| 367 | 01:37:31 --> 01:37:41 | That's what price is going to do, it's going to do that very thing. So if you're a trader, okay, and if you want to build up to be a larger trader, are you going |
| 368 | 01:37:41 --> 01:37:50 | to try to do something like I'm going to try to do this year, you do not want anybody trying to piggyback on you, because I'm going to go as high as about 75 |
| 369 | 01:37:50 --> 01:38:00 | contracts. That's the highest I'm going to need to go to beat Larry Williams, I want me to go higher than 75 contracts, he was trading 1000s of contracts. But |
| 370 | 01:38:00 --> 01:38:08 | the ranges were smaller back then to he had the advantage of cheaper margins. It doesn't matter. It's still math. It's all math. But I'm not going to need more |
| 371 | 01:38:08 --> 01:38:23 | than 75 contracts. So when I get above 50, I'm going to be splitting my risk between two markets. Because I don't want to be building these big bull's eyes. |
| 372 | 01:38:23 --> 01:38:29 | Oh, there's a big block of orders sitting right here. There's a big block of orders there. But that won't need to be done until the last month and a half |
| 373 | 01:38:32 --> 01:38:40 | it's all percentage growth. It's all this and I'm watching this right here |
| 374 | 01:38:47 --> 01:38:59 | I got a lot of questions or statements in the comment section yesterday. Was I nervous coming out tomorrow? Which is today and or was I embarrassed from |
| 375 | 01:38:59 --> 01:39:11 | yesterday? No, it's literally proving everything I've ever said. So why would I be embarrassed about that? I made a killing yesterday. What am I worried about? |
| 376 | 01:39:21 --> 01:39:27 | So I'm looking at does it want to support price here and set us up into a run into that high right there? |
| 377 | 01:39:46 --> 01:39:56 | So all time highs. As a reminder, I don't have tools that give me any kind of advantage in that. Like I don't know how far it's gonna go up. I just subscribe |
| 378 | 01:39:56 --> 01:40:10 | to the idea. It's gonna go up and down. Nobody knows how high it's gonna go. So because it's an unknown, you just got to hopefully get into a good discount |
| 379 | 01:40:10 --> 01:40:18 | price, buy it, wrap your arms around it, close your eyes, and then see where it goes. And it really is just like that. Because there's nobody, honestly, nobody |
| 380 | 01:40:18 --> 01:40:28 | knows, no one's going to know how high it's gonna go. And they don't ever know, when it's gonna reverse it, they may get lucky and have a piece of it or get |
| 381 | 01:40:28 --> 01:40:35 | near it. But there's no way to determine market reversals on a long term basis, because they can always go back here and one more time sweep it |
| 382 | 01:40:41 --> 01:40:52 | see how we've dug into that little down close candle right there, which is essentially half of that gap. Let me put that little midpoint line on it. See, |
| 383 | 01:40:52 --> 01:41:03 | down close candle right there. That's the order block. Picking just into the body of that candle right there on that wick, this one here, went to essentially |
| 384 | 01:41:03 --> 01:41:14 | half of that wick right there. And it's at the top of that inversion fair Vega. So I'm watching NASDAQ over here to see if it will support that idea in its |
| 385 | 01:41:14 --> 01:41:20 | price action. Because if this drops, this will give Wango lower. |
| 386 | 01:41:27 --> 01:41:38 | So you're going to constantly even though you don't see it, like when I'm showing the examples, when I'm doing executions and whatnot. I'm balancing what |
| 387 | 01:41:38 --> 01:41:47 | my belief is around the market, I'm trading in relationship to the NASDAQ, or vice versa, if I'm trading the NASDAQ, I'm looking at other screens that you |
| 388 | 01:41:47 --> 01:41:58 | don't have, you're not privileged to see it because I'm only trying to capture that one chart. I'm referring to how the prices behaving in a closely correlated |
| 389 | 01:41:58 --> 01:42:00 | market like these two indices are. |
| 390 | 01:42:15 --> 01:42:30 | Now, over here on NASDAQ, you see this gap here? I'm going to do the same thing here. But for that one. Yeah. So if we can get above it, excuse me, if we can |
| 391 | 01:42:30 --> 01:42:41 | get above it, and come back down and it provides support, then I want to see it run and create a higher high. A lot of people want to sell short, you know, they |
| 392 | 01:42:41 --> 01:42:55 | want to be the person that picked the top and there's a guy on on youtube I'm not gonna say his name because it would be rude of me. But he's like, the stock |
| 393 | 01:42:55 --> 01:43:08 | market's gonna crash in bitcoins gone 200,000. And bitcoins been struggling while the market has been raging higher. And if you keep throwing it out there |
| 394 | 01:43:08 --> 01:43:15 | and it's gonna happen, it's gonna happen. It's gonna happen. It's gonna happen eventually, when when does happen. Your dog and pony show that that See, I told |
| 395 | 01:43:15 --> 01:43:16 | you, but all the other times you were wrong |
| 396 | 01:43:23 --> 01:43:34 | because of that idea, people wanting to try to pick the top in the stock market and say I call the crash. You know, I tried that a lot when I was younger, you |
| 397 | 01:43:34 --> 01:43:46 | know, every day trading the market when it's going up. I mean, look at 1995 to now imagine, every other week, thinking that the market is gonna crash. It's |
| 398 | 01:43:46 --> 01:43:59 | gonna crash, it's gonna crash. If you look at 1987, or even the 2000. Correction, they're like a small little retracement anymore today with the |
| 399 | 01:43:59 --> 01:44:13 | volatility we have. But all through the 90s I had to keep taking buy signals. I didn't trust you know, early on. Much of short selling, it was a long period of |
| 400 | 01:44:13 --> 01:44:20 | time for me to trust going short. And I'm thankful in a lot of ways because I could have got hurt if I was trying to sell short because it was in the |
| 401 | 01:44:20 --> 01:44:31 | beginning of the biggest bull market it ever was. And everybody wants is an SMT divergence right now, you see that? NASDAQ has failed to make a higher high |
| 402 | 01:44:31 --> 01:44:44 | where s&p has done so. And at the time, right now we're at six minutes after 11. So that's a little problematic. |
| 403 | 01:45:03 --> 01:45:15 | So on all time, highs are markets that are trading at all time highs? How do you trade them? Or how should you engage them? How would you study them? How would |
| 404 | 01:45:15 --> 01:45:29 | you practice in them? How would you tape read them paper trading, whatever. Look for pools of liquidity, that would be sellside. We saw yesterday it did very |
| 405 | 01:45:29 --> 01:45:40 | thing, it went down clear to sell stops and moved higher. Today, same premise, it was able to pick it up on the s&p, but NASDAQ was just unwilling to do so. So |
| 406 | 01:45:44 --> 01:45:58 | because the underlying sentiment, for most traders, they'll be in interested in going short, they want to sell the market crash, they want to pick the top the |
| 407 | 01:45:58 --> 01:46:13 | market will offer a decline and reward them with a very short brief passage of time where they think they pick the top or in introduce a measure of price |
| 408 | 01:46:13 --> 01:46:22 | action running lower, where they know traders will chase it. And they'll be doing what selling, selling, selling, creating buy stops above the marketplace. |
| 409 | 01:46:23 --> 01:46:34 | But they're dropping price down into old sell stops for people that are already long. So they're knocking out really close, trailed stop losses while being long |
| 410 | 01:46:34 --> 01:46:43 | in the marketplace. So it clears the sell stops. smart money buys those sell stops knocking out the people that would capitalize on the new, higher high, |
| 411 | 01:46:43 --> 01:46:55 | it's going to come. And it runs on the buy stops, that are engineered on those individuals that think they're selling the high on the market. And they sell |
| 412 | 01:46:55 --> 01:47:09 | those purchased sell stops, to the waiting by stops. So they have to create a high create some narrative that it looks like it's a shorting opportunity. So |
| 413 | 01:47:09 --> 01:47:18 | that way, liquidity will be resting up there. If they don't do that, there's not going to be a significant amount of liquidity. If there isn't, then what will |
| 414 | 01:47:18 --> 01:47:30 | happen is, then that price will run way past the high, which creates a new shift in sentiment. And left this paradigm that constantly isn't in flow in what these |
| 415 | 01:47:30 --> 01:47:44 | markets are doing constantly. So in short, buy, sell stops. When markets are at an all time highs every single time the market drops down below a clear obvious |
| 416 | 01:47:44 --> 01:47:55 | pool of liquidity. And you saw me do that with an s&p. Well look at it. Look at behaved. And that was the that was the sell side Daniel Andrew. And that was the |
| 417 | 01:47:55 --> 01:48:03 | inversion, fairway got the total study and see if it supports price. And I told you the breaker. And then this one here gave you the last little piece. What is |
| 418 | 01:48:03 --> 01:48:09 | this little piece right there? What's that little? What was this setup here? What do you see? |
| 419 | 01:48:15 --> 01:48:26 | Market Maker by model. Second stage will be accumulation. paired up with what you see. On the left side. I just realized I didn't put a video up last night. |
| 420 | 01:48:27 --> 01:48:40 | Oops. Sorry about that. It will be supplementary lesson two, model six. I apologize. I don't know why didn't do it. I thought I had it set up. But this is |
| 421 | 01:48:40 --> 01:48:52 | the second stage of the accumulation. And it clears what the original consolidation and trade tire Smart Money reversal, low risk by accumulation, re |
| 422 | 01:48:52 --> 01:49:01 | accumulation it's got to match on the sell side of the curve on this dropping down. Everything over here that comes a buy has to match something over here on |
| 423 | 01:49:01 --> 01:49:10 | the sell side. That's why it's not like off. Okay. It's not like off. A market maker buy model in a market maker sell model is absolutely not like off. Because |
| 424 | 01:49:10 --> 01:49:21 | you're matching up. What was used over here to act as a premium will act as a discount array over here. The curve is defined by the lowest low or the highest |
| 425 | 01:49:21 --> 01:49:34 | high in a sell model. So to the left of it, everything that's in inefficiency, like a fair value gap or order block or breaker here, this becomes all of the |
| 426 | 01:49:34 --> 01:49:46 | discount buying. So you have to wait and look at the sell side of the curve to present something over here. We did it rally off of that range when I drew it |
| 427 | 01:49:46 --> 01:50:00 | out. Of course it did. Of course it did. Because that's what price is going to do. But there has to be an agreement over here or it's not a market maker by |
| 428 | 01:50:00 --> 01:50:14 | them all. And it's not support resistance at another guy who said, Oh, I'm renaming Elliott Wave, wave, get out of here that horseshit. That's the worst |
| 429 | 01:50:14 --> 01:50:29 | thing out there. So it's so much conjecture, it's opinion, this wave count that wave count as 15 guys are all gonna have different ones. Alright, so we're back |
| 430 | 01:50:29 --> 01:50:48 | inside of SNPs. range here, this was the opening range high, read the sell side, we've cleared the sell side here, and we named it one more time in there. So |
| 431 | 01:50:48 --> 01:50:58 | we'll see get off of this. If it fails here, then we have this area where I was originally interested in seeing stay open, that might become a factor. So I'll |
| 432 | 01:50:58 --> 01:51:02 | just put some lines there because I don't want to, I don't want the charts to be too busy. |
| 433 | 01:51:09 --> 01:51:22 | Model six, and model seven. I don't recall if I said it, because I've done so many videos over the years. And I don't remember where I said what, but model |
| 434 | 01:51:22 --> 01:51:32 | six and model seven. I had asked, I've been asked rather by a lot of students over the years, you know, out of all the things that I teach, what's the closest |
| 435 | 01:51:32 --> 01:51:38 | thing to how I actually trade, because there's a lot of ways to make a model, I can make models, you know, I could do one with you here today before we leave. |
| 436 | 01:51:39 --> 01:51:51 | In fact, I might even do that. But the the idea of what I make available as a model and publicly releasing it, you know, what's one of them, is the closest |
| 437 | 01:51:51 --> 01:52:00 | thing to what I actually do when I'm trading with my own money. And it's model six model. So because it's a universal model. And that means you can use every |
| 438 | 01:52:00 --> 01:52:10 | time frame, any time frame every time frame. And it's based on this premise. And I literally just did it again in front of you today. Just like I did, in other |
| 439 | 01:52:10 --> 01:52:20 | lash games going out loud. This is what's going to do this is why I should do it. And it behaves perfectly. So if I were being asked again, and I'm sure some |
| 440 | 01:52:20 --> 01:52:28 | of you in the audience, whether you're listening to this video later, you're right now during the live stream, if you ever thought about like, what, out of |
| 441 | 01:52:28 --> 01:52:36 | all the models, which one would you pick, because that's what you want, you want to hear me say, This is my best model. And you'll just focus there. I mean, |
| 442 | 01:52:36 --> 01:52:44 | obviously is exactly that go back to being 20 year old again. And Larry Williams, who was the only person I was really subscribing to you, this is the |
| 443 | 01:52:44 --> 01:52:56 | person that knows what he's doing, because he's proven it. If he would have said, This is my only model of choice, or this is my only indicator settings. |
| 444 | 01:52:56 --> 01:53:05 | And this is the indicator that I'm going to use, and I only look at this and I don't need to do anything else. What am I gonna do? I'm gonna go right there. |
| 445 | 01:53:05 --> 01:53:15 | That's exactly where I'm gonna go. Right. So that I think that that is the closest thing. And it still isn't really everything, obviously. But out of all |
| 446 | 01:53:15 --> 01:53:27 | the models that I have released and or we'll release what I teach in model six and model seven in those charter price action models. That is the closest to |
| 447 | 01:53:28 --> 01:53:39 | what I do. That's not Enigma that's not, you know, every aspect of what I'm doing. But generally, that's that's how I'm feeling. So if I'm bullish, you |
| 448 | 01:53:39 --> 01:53:54 | know, I can be buying the buy side of the curve of a market maker by model, which is what this is here. Okay. If I'm bearish, I'll be selling short, the |
| 449 | 01:53:54 --> 01:54:02 | sell side of the curve, which will be the opposite side of the downward movement. But if I'm short term bullish, because I expect it to go up to create |
| 450 | 01:54:02 --> 01:54:10 | a reversal to go lower, I can buy during the buy side of the curve of a market maker sell model. And it's easier to understand it here where I can be going |
| 451 | 01:54:10 --> 01:54:24 | short. Here, the bearish and aim for liquidity. And if it's going down, you know, underlying premise higher timeframe, because we're at all time highs and |
| 452 | 01:54:24 --> 01:54:32 | nobody should try to pick the top of the marketplace. Going down and pick sell stops. It's going down there to accumulate their sell stocks to buy them and |
| 453 | 01:54:32 --> 01:54:43 | then start moving higher. You won't have the experience to determine this turning point, which is why it's called Smart Money reversal. You don't need to |
| 454 | 01:54:43 --> 01:54:56 | know that. Once it comes up in real time today I did it with you. This is where you'll see the low risk buy form that's here and the market rallies up. We have |
| 455 | 01:54:56 --> 01:55:08 | a shift in market structure. It goes into a break or, and eventually gives you your second stage of accumulation at the last premium array over here, and then |
| 456 | 01:55:08 --> 01:55:17 | both are there. So in the market does what it rips higher digging into the liquidity that's leveled higher and higher and higher above that high. |
| 457 | 01:55:22 --> 01:55:25 | It looks a little too sloppy for me now. |
| 458 | 01:55:31 --> 01:55:43 | So let me just give you a model real quick. Just to show you how easy it is to do it. If we understand what I'm going to be teaching you in great detail in |
| 459 | 01:55:43 --> 01:55:56 | model six model center price action models on the YouTube channel, you can create a model out of just components of the sell side of the curve of a market |
| 460 | 01:55:56 --> 01:56:06 | maker bimodal. Where you're looking for just individual components, that would give you your setup. So perfect example, let's say you've been trading for a |
| 461 | 01:56:06 --> 01:56:13 | long time, and you could see that they were going to go to that sell side like I did this morning with you. You could be buying that that's your turtle soup. |
| 462 | 01:56:14 --> 01:56:24 | Okay, that's where you do your work as long iron. Okay. Some of you that don't have the experience, but have a little bit more experienced than the average |
| 463 | 01:56:24 --> 01:56:35 | person. When it starts to rally up, your eye goes over to sell side of the curve here. And you see this single candle right there. Which creates what? On the |
| 464 | 01:56:35 --> 01:56:37 | 32nd chart, let's get back into it real quick. |
| 465 | 01:56:43 --> 01:56:52 | That's this candlestick right there. That's the sell side of bounce by side and efficiency. So the market rallies up. What do we see in this timeframe in |
| 466 | 01:56:52 --> 01:57:06 | inefficiency, and a swing high shift in market structure, they're bullish, that lows intact, it's done the lows in you don't have the experience to trade that |
| 467 | 01:57:06 --> 01:57:17 | belong in. This is where you go in with a low risk by using what's on the sell side of the curve to the left of the lowest low. This is your first array |
| 468 | 01:57:20 --> 01:57:31 | carried over to the left side of the curve, which is anything to the right of the lowest low here. See if it offers what support the market does what it |
| 469 | 01:57:31 --> 01:57:42 | rallies creating the signature with the body saying okay, yes, the bodies are suggesting that it's supporting price. If you're ever looking at an efficiency, |
| 470 | 01:57:42 --> 01:57:54 | this is also for your notes. Since I framed this in version four of a gap on the 32nd chart, I would demand that the bodies are respecting it on the timeframe I |
| 471 | 01:57:54 --> 01:58:05 | observe it in on a lower timeframe. The bodies can be outside of that. Okay, real big, huge milestone right there. Okay. Whatever timeframe you see the |
| 472 | 01:58:05 --> 01:58:17 | inefficiency and to have faith in it, to trust it and to use it for your setup, it must respect it by its bodies. This is a mohawk this is like this is Aaron |
| 473 | 01:58:17 --> 01:58:27 | price action that we allow for. It's normal, it doesn't change or undermine the other underpinnings of what we're trying to trade on. So the market rallies up |
| 474 | 01:58:27 --> 01:58:37 | and you go back over here, and here is your old high. Here that forward? What is it gonna become once it trades to that level a breaker? Well, it trades above it |
| 475 | 01:58:37 --> 01:58:54 | here. We trade back down into it. This breaker. Okay, was formed on the 32nd term timeframe? No. It was fine on the one minute chart. But you can see the |
| 476 | 01:58:54 --> 01:59:04 | bodies even in this lower timeframe. Look where the bodies are closing and opening. See how the inside of that candle was framed on a moment chart. See how |
| 477 | 01:59:04 --> 01:59:16 | it's staying in there? We're getting wicks, yes. And I tried to be fancy and free this morning and put my stop loss there and it came right down into it. So |
| 478 | 01:59:17 --> 01:59:25 | you know, there you go. But the bodies were telling the narrative that I was on side but I'm not going to compete with them, they're going to run my stops |
| 479 | 01:59:26 --> 01:59:37 | rallies up and then right in here what is it doing? Every PDE array can be scaled upper quadrant, midpoint, lower quadrant and then you have the extreme |
| 480 | 01:59:37 --> 01:59:44 | high and low that much like I did with the opening range where I mentioned the highest high and the lowest low of it. And then there is the upper quadrant, the |
| 481 | 01:59:44 --> 01:59:53 | middle and the lower quadrant that is not quarters theories, okay. Quarters theory, study that, okay. And then look at what I'm doing here. I'm taking you |
| 482 | 01:59:53 --> 02:00:08 | into a specific PD array. Okay. Opening range isn't a PD array. It's a With a range of inefficiency, that can be scaled and measured. Every PD array has that |
| 483 | 02:00:08 --> 02:00:14 | same aspect to it. So if you look at the range that's created with this breaker that was used on a one minute chart. |
| 484 | 02:00:19 --> 02:00:35 | Jumping right there, use the bodies. So how many? Right there. I'll take the extensions off, because that's not what we're looking at 75 and 25. Okay, |
| 485 | 02:00:35 --> 02:00:45 | there's your breaker. Look at that right there. That's on your upper quadrant. Yes, it wicks down a little bit, but it's going into that small little fairway |
| 486 | 02:00:45 --> 02:00:57 | get right there. And this is all occurring on a 32nd chart, crazy in it, and then at market rallies up. And then we create the last premium array on the sell |
| 487 | 02:00:57 --> 02:01:12 | side of the curve, are here and trades into here and then sends it up. Every one of these individual price points like that could be your mom, like you're always |
| 488 | 02:01:12 --> 02:01:20 | looking for the unicorn, the unicorn is a second stage re accumulation in a market maker bimodal. Or it's a second stage of redistribution. In a market |
| 489 | 02:01:20 --> 02:01:29 | maker sell model. That's where your biggest price run the most energetic, the one that has the most magnitude, the immediate run bang for your buck. That's |
| 490 | 02:01:29 --> 02:01:35 | the one you want to be looking for. That's why I call out a unicorn. If you're looking for moves, it's going to be very energetic, they're just really quick, |
| 491 | 02:01:35 --> 02:01:44 | they start running for you. And they just need to be instant gratification. That's the one you should be aiming and studying. Okay. But some of you may |
| 492 | 02:01:44 --> 02:01:56 | think, Well, yeah, that's wrong in a pyramid, I want to try to buy the first stage accumulation in a market nearby model, or you want to buy the most |
| 493 | 02:01:56 --> 02:02:03 | advanced would be buying the smart money reversal. Pair meeting at and you've seen go and look at my examples, you're seeing the actually do those things. |
| 494 | 02:02:04 --> 02:02:22 | This is low risk by accumulation. Re accumulation. So you'd be a buyer, pyramid pyramid. So that's the most advanced version where you're doing, like, six |
| 495 | 02:02:22 --> 02:02:38 | contracts, for contracts, to contracts, one. There it is. And then you have all this area here where you would be layering where your targets should be, or |
| 496 | 02:02:38 --> 02:02:48 | where you're not your targets your your partial profits. And what could you aim for? Well, you have the breaker down here, okay. So you can take your fit and |
| 497 | 02:02:48 --> 02:02:51 | run it on your breaker using the body's first. |
| 498 | 02:03:00 --> 02:03:12 | See, this range on the bodies, this partial is a good place to pick a partial No, because it doesn't even do what doesn't even clear the original |
| 499 | 02:03:12 --> 02:03:24 | consolidation that this market maker buyer model is creating for you. This could be a partial Sure. This could be a partial and look where it turned three in the |
| 500 | 02:03:24 --> 02:03:37 | right. So if you missed your partial here, and it's retraced and really back up, you could take a partial there. But there's lots of things you can formulate |
| 501 | 02:03:37 --> 02:03:46 | your model and you don't have to do every one of the some of my students think that you have to be in every part of a market maker sell or buy model, or you're |
| 502 | 02:03:46 --> 02:03:57 | somehow not profitable or you're not knowledgeable. That's not true. All you're doing is looking for one setup. Okay? If you're buying down here, in starter, if |
| 503 | 02:03:57 --> 02:04:05 | you're buying it down here on a slightly reversal or close to it, your first objective should be at least get to this high right there. That could be your |
| 504 | 02:04:05 --> 02:04:17 | model. And then you are learning how to trust when it creates this. And then the next one in the unicorn, which is second stage reformulation. But in the |
| 505 | 02:04:17 --> 02:04:24 | beginning stages, you want to be able to set like very low hanging fruit objectives. Were you buying down here, look for that, how do we take them out |
| 506 | 02:04:24 --> 02:04:32 | and be done. And then paper trade to rest. I mean, not paper trade, but tape reader, we're not pushing any buttons. Or you could be waiting for this. This is |
| 507 | 02:04:32 --> 02:04:43 | your model or you buy it here. And you get out right above here. And that's your very easy bread and butter setup and those forms several times a week. Yes, per |
| 508 | 02:04:43 --> 02:04:56 | week. Or you can get here on a low risk buy and then you're getting out right at this high here. Right there. I mean I've literally given you several models. And |
| 509 | 02:04:56 --> 02:05:04 | that's the power of what you're learning in model six and seven because it gets gives you a whole plethora of opportunities in how you can go in and scale |
| 510 | 02:05:05 --> 02:05:16 | entries exits where your partial should be. And I don't mandate and force you into a mold and say, only trade my market maker models this way, because you're |
| 511 | 02:05:16 --> 02:05:27 | going to see one part of these models faster than all the other ones. And when you do that, start there. That's where your premises that's your model, that's |
| 512 | 02:05:27 --> 02:05:35 | the foundation you're gonna build your model, it doesn't mean that you won't obviously evolve and know more, and be able to do more of it, it just means that |
| 513 | 02:05:35 --> 02:05:44 | you have to have a have to have a starting point. And if you don't have a starting point, you don't have any way of gauging measurement of progress. And |
| 514 | 02:05:44 --> 02:05:56 | as soon as you start looking at it that way, and you have measured progress, even if it's slow it's very exciting. So anyway, this is inefficiency here scrub |
| 515 | 02:05:56 --> 02:05:57 | this over here a little bit more |
| 516 | 02:06:03 --> 02:06:04 | volume and bounce there |
| 517 | 02:06:10 --> 02:06:11 | think I'm coming down something |
| 518 | 02:06:29 --> 02:06:33 | they know what I want to do run it and run it |
| 519 | 02:06:39 --> 02:06:52 | Alright, so this is too smooth here and there's buyside up here so they've really encouraged people to want to go short and that's that's to me it's kind |
| 520 | 02:06:52 --> 02:07:05 | of scary because you're you're in a market that's constantly going to rip the face off of short holders with no intent no intentions of stopping anytime soon. |
| 521 | 02:07:50 --> 02:07:51 | Got to a one minute chart |
| 522 | 02:08:33 --> 02:08:46 | so we've had a high high today broke lower reprice to this city broke a low came down to this spot out of balance on efficiency and fair value got waterblock |
| 523 | 02:08:47 --> 02:08:56 | trades up old inefficiency here you chug a new drug trade up into this because it |
| 524 | 02:09:03 --> 02:09:05 | just fell short of it or anything |
| 525 | 02:09:11 --> 02:09:21 | came down took this sellside out here in here. Look at the body stopped. Net Oldenburger inversion fer Vega that was used here. Watch this |
| 526 | 02:09:39 --> 02:09:41 | I want to see this area stay open |
| 527 | 02:11:51 --> 02:11:56 | would need to stay above the low of this blue shaded area |
| 528 | 02:12:01 --> 02:12:02 | on a closing basis |
| 529 | 02:12:07 --> 02:12:11 | this timeframe not in your timeframe just one minute chart. |
| 530 | 02:13:51 --> 02:13:57 | knockin price run up to the high end of this conversion fair value get and treat it as support. |
| 531 | 02:14:42 --> 02:14:45 | Imagine the NASDAQ on the left hand side and we see it expand higher |
| 532 | 02:15:21 --> 02:15:35 | Alright, so we're in technically the lunch hour. Years ago, when open outcry was the thing, and traders would be in the pits. Some, some would start straggling |
| 533 | 02:15:35 --> 02:15:49 | away from the floor to get their lunch. It's early as 1130. And usually, there'll be like a consolidation during the lunch hour. And sometimes it would |
| 534 | 02:15:49 --> 02:15:57 | retrace and run on the stops. Okay, so I'm kind of gonna paint a picture here from a narrative perspective, doesn't mean I'm gonna be right. But this is how |
| 535 | 02:15:57 --> 02:16:07 | I'm proceeding. We are in a primarily strong market right now. It's been bullish, it's been moving higher, and no determination of how high it can go. |
| 536 | 02:16:07 --> 02:16:15 | I'm not gonna sit here and pretend to know where it's going to be going to, I don't know. So I keep subscribing to the idea. It's gonna go higher. We've had |
| 537 | 02:16:15 --> 02:16:31 | sellside taken here. And then we've had sellside taken here, we rallied up. We've broken down and inside me, I think that there's people that want to go |
| 538 | 02:16:31 --> 02:16:45 | short. So they probably sold here. Some price sold as it started to turn here. So where would their stop be here? So if we're going into lunch, and lunch is |
| 539 | 02:16:45 --> 02:16:57 | going to run on liquidity that was used earlier in the day and it's also in a market it's bullish. I would want to see trade up into this hmm okay between now |
| 540 | 02:16:57 --> 02:17:00 | and going into say 1:30pm Eastern Time? |
| 541 | 02:19:16 --> 02:19:26 | Since this is the timeframe I've annotated this area in here which is both the volume and balance of that candle this candle body in that candle by because |
| 542 | 02:19:26 --> 02:19:36 | this is the timeframe between that low and that I'm treating this as a breakaway gap. Thinking that it's gonna keep it all the way open, not completely closed |
| 543 | 02:19:36 --> 02:19:42 | and right now as of this moment, it has this portion we mean that still breakaway gap in my mind |
| 544 | 02:22:32 --> 02:22:46 | When we get into February and beyond that, I think we'll see a lot less of this type of ranging. It creates these early session runs, and it goes consolidation |
| 545 | 02:22:46 --> 02:23:00 | in the last hour, it gives you your little flurry saw the reason why I like waiting till February, in January, you have so many things, you have post |
| 546 | 02:23:00 --> 02:23:13 | holiday sentiment. Usually what happens in the beginning years, not how we end. So, I'm not trying to read more into that or making something that's implied by |
| 547 | 02:23:13 --> 02:23:23 | there. But that's the general rules I've learned. So we might not be where we're out here at the end of the year, is what I'm saying we might be we might be a |
| 548 | 02:23:23 --> 02:23:37 | lot lower, you know, 11 months from now. But where is that high, I don't know. But February, it tends to clean up a little bit a little bit more symmetry in |
| 549 | 02:23:37 --> 02:23:49 | the marketplace and less of this type of consolidation. If this candle closes below this area here, my interest is no longer held for this session because |
| 550 | 02:23:49 --> 02:23:50 | we're entering into the lunch hour. |
| 551 | 02:24:07 --> 02:24:17 | To have these relative equal lows or here we swipe them. This can't be a breakaway gap anymore. At best it can be just a fair value gap. |
| 552 | 02:24:39 --> 02:24:48 | It's very, very difficult to trade in this kind of stuff here. All of this ranging, it's very difficult to navigate in that |
| 553 | 02:24:53 --> 02:24:59 | same thing over here in NASDAQ it's just very very difficult to work in that you're not getting enough of |
| 554 | 02:25:07 --> 02:25:26 | disagreement between a high and a low. The premium to the discount is so tight, there's not enough range in here to work with. My minimum is 1010 points, but 10 |
| 555 | 02:25:26 --> 02:25:39 | points can happen like that, in the NASDAQ in, it's swiping back and forth on here within around 10 to 12 handle range. That's not what you want to be |
| 556 | 02:25:39 --> 02:25:50 | trading. You want to be part of a move that's going to be offering you minimum, easy want to start running in your direction 10 handles and then can I give you |
| 557 | 02:25:50 --> 02:26:00 | 20? Can you lock in 10 after it clears a high for Bolger or clears a low if you're bearish and then see what you can expand to. |
| 558 | 02:26:08 --> 02:26:16 | But this is another reason why you can see visually like, I like the way they don't want to answer it, they still ask me, What are you waiting for? Why are |
| 559 | 02:26:16 --> 02:26:27 | you waiting till February. If you know me, I do this all the time every year. Because I want that first month of the year, because everybody's in a hurry to |
| 560 | 02:26:27 --> 02:26:31 | do something. And usually that something's wrong. So |
| 561 | 02:26:37 --> 02:26:48 | notice we Wikked. Down, beyond which is permissible. We didn't hear that line, the valence is I'll draw it out. |
| 562 | 02:27:09 --> 02:27:19 | So volume of balances and every other pdra they can have a wick outside of it just a little bit, that's completely acceptable. The defining moment would have |
| 563 | 02:27:19 --> 02:27:29 | been if we would have closed outside of that, because it's been annotated on this timeframe. So if it closes outside of your PD array, that's a violation. |
| 564 | 02:27:30 --> 02:27:39 | Three of them debit support a trade idea. If they violate that means you're that means for me, let me say it this way, it means for me that my trade idea is |
| 565 | 02:27:39 --> 02:27:51 | wrong, or unless my stop loss is hit. And obviously, it goes without saying that I was wrong. But volume imbalances, we always allow for those color outside the |
| 566 | 02:27:51 --> 02:28:00 | lines. That's the that's the one PDA them very, very flexible with but they still can act as a magnet for price. And it can be reused multiple times. But |
| 567 | 02:28:00 --> 02:28:09 | when he lay a body down over top of it closing below it in this case, if it lays a body down like that in the timeframe, I see it formal, then I'm no longer |
| 568 | 02:28:09 --> 02:28:16 | personally interested in that one. So to answer the question that came up a lot yesterday also, you said that they can go back and forth at what time do you |
| 569 | 02:28:16 --> 02:28:28 | discount it is no longer considered a salient point. If the if there was a closed laid down, then it violates the the future use of it because it can be |
| 570 | 02:28:28 --> 02:28:40 | used multiple times. Hopefully it makes sense. Because the nature of the pdra itself is there's no body between the candle here in the candle here. The wicks |
| 571 | 02:28:40 --> 02:28:56 | overlap between this candle in that one. Permit me to zoom in on this, I know what's around. This bodies close in this bodies open the separation between |
| 572 | 02:28:56 --> 02:28:58 | these two bodies. That's what I'm annotating. It's this |
| 573 | 02:29:10 --> 02:29:21 | that separation between the two bodies. So while there is a wick that traveled into this range to open the next candle, it opened here went down and then went |
| 574 | 02:29:21 --> 02:29:31 | higher, the bodies are not connected. That's what makes the volume of balance with this. So the press can travel down through it but if there ever is a distro |
| 575 | 02:29:31 --> 02:29:49 | crude depiction, if there's ever a body that's laid down over top of it and it bridges both of those candles together. It does something like that, then I'm no |
| 576 | 02:29:49 --> 02:30:01 | longer going to use this on my chart or refer to it. Okay. You'll see going forward or looking at my old Exam. wasn't you'll see that's the case. And |
| 577 | 02:30:03 --> 02:30:18 | interesting. See how, again, for the asshats that like the tone of my comment section, no stop loss was mentioned, be traveled down, colored outside the line |
| 578 | 02:30:19 --> 02:30:29 | and is delivered. Okay? This is the part that I'm talking to all the time, the concepts where I can see it coming, but they're not going to let me have all of |
| 579 | 02:30:29 --> 02:30:37 | you dogpile behind, it isn't going to happen. You saw that yesterday. So today. So if I didn't know what I was doing, it wouldn't behave like this. |
| 580 | 02:30:46 --> 02:30:57 | So the question would be ICT, if you would have taken that trade, where would you enter, and where's your stop loss being You read my mind again? Well, if we |
| 581 | 02:30:57 --> 02:31:07 | if we have to understand that this blind balance can be traded through it. And that's acceptable. And this gap is framed on that one and bounced to this |
| 582 | 02:31:07 --> 02:31:22 | candles low. This candlestick right here, it has the stock has the builder and buying anywhere in this shaded area is fine, there's nothing, there's nothing |
| 583 | 02:31:22 --> 02:31:33 | wrong with it. Meaning that you can buy the upper quadrant, the midpoint of it, or the lower quadrant, the lower you get, the less likely you'll get a fill. So |
| 584 | 02:31:33 --> 02:31:43 | that's why you see me buying and scaling in on user using the upper half of a discount array. Because I'm trying to get established as the position is being |
| 585 | 02:31:43 --> 02:31:56 | offered to me, I may not get the best best fill. Even though I can see it visually. The the actual execution of it may not be within my grasp, it may or |
| 586 | 02:31:56 --> 02:32:09 | may not just afford me, you know, my best case entry. So to remove all of that, because I'm obsessively compulsive. I just make it easy. That's okay, I'm not |
| 587 | 02:32:09 --> 02:32:18 | going to him and hold on it. If I know it's anywhere in this range here I can do but earlier what I was going to do, if you saw what I was dealing, I went into |
| 588 | 02:32:19 --> 02:32:28 | the settings here and I turned off the executions. And I was going over to my cell phone because I was going to buy that down here and have my stop loss on |
| 589 | 02:32:28 --> 02:32:36 | it. And let it run up to this high here and say see, I didn't get it the stop loss publicly and it worked. But I realized as soon as I would have done it on |
| 590 | 02:32:36 --> 02:32:45 | my phone, the position would have opened up on the screen here. So some of you stupid people are gonna say see, he's trying to do sneaky stuff. No, I'm trying |
| 591 | 02:32:45 --> 02:32:53 | to prove a point. Okay, if I don't make the stock public. I'm confident that that trade Oh Pena, but if I make it public, all of you that are following me, |
| 592 | 02:32:54 --> 02:33:02 | you're going to make my stock a bullseye, you understand that? I understand. If you're brand new, it completely goes over your head. And that's not a statement |
| 593 | 02:33:02 --> 02:33:12 | saying that you're, you're, you're an idiot. It's not it's that you don't understand how these markets book. And I'm trying to do something that in and of |
| 594 | 02:33:12 --> 02:33:22 | itself will be permitted. If there is no liquidity in the marketplace. That's why I'm right. That's why for years and mentorship, because I wasn't giving them |
| 595 | 02:33:22 --> 02:33:33 | actual entries and placing stop losses in front of them. I had a high 90% accuracy. And it's undeniable nobody nobody that was ever a mentorship student |
| 596 | 02:33:33 --> 02:33:44 | has any record of me failing calling it beforehand. It was like all the time. Clockwork clockwork, clockwork. I know enough, I learned this on merch. Okay, |
| 597 | 02:33:44 --> 02:33:54 | Internet Relay Chat, where I had 1000 people following me. When I talked about on buying or selling. We we literally saw it happen where it would start running |
| 598 | 02:33:54 --> 02:34:05 | and refund because those same 1000 People, I'm certain they were selling the same things I was talking about and so on, okay, and just look around ICT stuffs |
| 599 | 02:34:05 --> 02:34:14 | everywhere. It's all everywhere. And that was what was going on in the in the late 90s. So we would see an SMP is a huge market. Don't get me wrong, but we |
| 600 | 02:34:14 --> 02:34:25 | would see when everybody's order for coming in. Okay, it would start gapping was reaching. So you're gonna say let's find this on pressure. No, that's spoiling |
| 601 | 02:34:26 --> 02:34:35 | the market is going to it's going to rally like when we were looking at it here. I drew your attention here. I would have rather seen it. Come back and touch |
| 602 | 02:34:35 --> 02:34:46 | this. Use that in version three, right? You got again, but you didn't need to use the breaker right there, which is low, high, lower low. Take that candle |
| 603 | 02:34:46 --> 02:35:00 | estimator. We're already here. Let me see. I'm already there might be long. Highs 26 and a quarter in the middle and that is it's perfect when Second |
| 604 | 02:35:00 --> 02:35:10 | quarter. So I touched on that support systems, you can call it that. I don't call it that. But it cleaned up all these little smooth areas here. So all this |
| 605 | 02:35:10 --> 02:35:19 | smooth area was made jagged, this smooth area here with these lows, and that volume of bounce it, overlapped it and then came back up to that close outside |
| 606 | 02:35:19 --> 02:35:31 | that blue shaded area, you know, did it did it stay a breakaway gap? No. So your notes were breakaway gaps, Breakaway gaps can be initially viewed as an |
| 607 | 02:35:31 --> 02:35:40 | expectation in anticipation that it does not fill it in. And if it doesn't fill in, in what that tells you as the trader or the operator using the concepts is |
| 608 | 02:35:41 --> 02:35:49 | that that move is going to be significant in pace in magnitude and speed. And it's going to really deliver probably deliver more than you thought was |
| 609 | 02:35:49 --> 02:35:56 | initially. So in other words, if this were to stay open, let me give it to you in terms where it makes more sense. If this blue area wouldn't have been traded |
| 610 | 02:35:56 --> 02:36:05 | down to to this degree, and just a little bit outside of it. If it wouldn't have done that, and it stayed open and started rallying, my interest would have been |
| 611 | 02:36:05 --> 02:36:18 | beyond this. And then over here, I would have labeled that boss up. But this is where I have your attention. And that's what a market oriented. So I understand, |
| 612 | 02:36:18 --> 02:36:29 | trust me, I'm completely aware that entering a position, even if it is paper trading, because I'm protecting myself legally putting on an entry and placing |
| 613 | 02:36:29 --> 02:36:40 | stock publicly, and it goes into the stop loss. You know, that's a testimony to what it is I teach it, the markets going to jump right to that liquidity. You |
| 614 | 02:36:40 --> 02:36:49 | can't deny the things I'm outlining here aren't happening, it's happening. But if I place my stop loss in an area where I would realistically place it if I was |
| 615 | 02:36:49 --> 02:37:01 | trading, you see me and my executions, and that using crazy wide stops. But no one's aware of those stops. I mean it so it's not like I'm broadcasting it on |
| 616 | 02:37:01 --> 02:37:12 | you on YouTube, here's where's my here's my stop loss. Here's my stop loss. What if I'm saying that I'm a person of influence is and I'm not saying that to brag, |
| 617 | 02:37:12 --> 02:37:21 | because it's a little uncomfortable, to be honest with you. But because of that influence, everybody that hears me or sees me do something, they're all going to |
| 618 | 02:37:21 --> 02:37:31 | try to do the same thing. And if it is being replicated in a lot of other people. It goes without saying you're creating the very thing I teach as an |
| 619 | 02:37:31 --> 02:37:42 | attacking mechanism for my trades. I'm attacking liquidity. So if I go in and I make myself available publicly, here's my stuff. I'm literally painting a bull's |
| 620 | 02:37:42 --> 02:37:51 | eye on my forehead and saying come get me. But for someone that doesn't know how to trade or doesn't understand how these markets book, it sounds like a perfect |
| 621 | 02:37:51 --> 02:37:59 | excuse. But why? Why am I able to tell you what it's going to do for me and still, I didn't quit and rage quit. I'm not deleting my stream, I understand |
| 622 | 02:37:59 --> 02:38:06 | what's going on here. And I'm trusting that the mature audience is going to see the same thing as what I'm saying. If you don't have to, it's not worshiping Me. |
| 623 | 02:38:06 --> 02:38:17 | It's not blindly following some guru cult leader. It's logic it this goes without saying if there's a big Bullseye in close proximity, the price and it |
| 624 | 02:38:17 --> 02:38:25 | keeps swelling with more interest placed behind it in the form of a stoploss the market is going to go right to that stop loss. That's exactly what I was |
| 625 | 02:38:25 --> 02:38:37 | teaching all the time. Every every aspect of how these markets book, that's the primary function of what it's doing, it's going to liquidity. It's running to |
| 626 | 02:38:37 --> 02:38:39 | that liquidity at a specific time |
| 627 | 02:38:49 --> 02:39:06 | well I do believe I'm gonna escape here because it's new. It's done enough in here to satisfy me and it may not have satisfied some of you. But I'm satisfied. |
| 628 | 02:39:06 --> 02:39:15 | One of the things I was talking to my wife and Caleb about is how I was very fascinated to see as soon as I made that stoploss public on each one that is |
| 629 | 02:39:15 --> 02:39:27 | trained yesterday how quickly it went, wait till it like it jumped right to it. And today is a little slower to to a degree in terms of pace, but still did it. |
| 630 | 02:39:28 --> 02:39:40 | My question to you is this If my ideal scenario was to be buying because we gave you this idea as a support price, then we're gonna see it go up. It's going to |
| 631 | 02:39:40 --> 02:39:54 | take that bicep okay. If you see me going in here buying and the stop loss was placed our owning that stock loss was placed at the wrong location. Okay, I'm |
| 632 | 02:39:54 --> 02:40:02 | not I'm not trying to place blame. I did it incorrectly. I knowingly placed that stop loss knowing But I just explained to you what I mentioned to you yesterday, |
| 633 | 02:40:03 --> 02:40:11 | I know that I'm creating that liquidity. Even though I'm in a paper trading account, there's a lot of you that are actually pushing a button, even though I |
| 634 | 02:40:11 --> 02:40:20 | told you not to do it, you're putting real liquidity there. So it's going to jump to where it doesn't, it doesn't care about me, because I'm trading here. In |
| 635 | 02:40:20 --> 02:40:29 | this example, in front of you in a paper trading account. There is no there is no liquidity. But when I make that idea known that this is where I would, if I |
| 636 | 02:40:29 --> 02:40:38 | was risking your money, this is where I would place my stop loss. You by default, dealing the very thing with real money because you're greedy and trying |
| 637 | 02:40:38 --> 02:40:48 | to make money. And I understand that. But you are literally putting a billboard sign up here is where the largest interest is right now for liquidity, and it's |
| 638 | 02:40:48 --> 02:40:59 | in closest proximity to market price. What's the market going to do? Well, place a strong magnet, underneath a desk, in dump a cup full of paper clips, what's |
| 639 | 02:40:59 --> 02:41:08 | going to happen? The paper clips are every tick in the marketplace. All those paper clips are going to jump to where that magnets. And that magnet is where my |
| 640 | 02:41:08 --> 02:41:19 | stop is being new and made public. Does that help you understand that? That's what's going on? Because I mentioned no stop loss here. It worked fine. Did it? |
| 641 | 02:41:21 --> 02:41:29 | Every don't don't just listen to what I just said. nod your heads that. Yeah. Okay. I believe what you said, listen to whatever I was saying is it was |
| 642 | 02:41:29 --> 02:41:43 | dropping down in here. I don't want to see it close outside of that. What is the what is the stop placement rule for failure? Would it be just below here? No. |
| 643 | 02:41:44 --> 02:41:58 | This candlestick right here? Right here? See that one right there? It's got to be below that. Did it trade there? No. Had I said in place a stop loss there, it |
| 644 | 02:41:58 --> 02:42:08 | would have been able to trade your way down into this. And then did that? I'm convinced of it. That's not schizophrenia that says I've been doing it a long |
| 645 | 02:42:08 --> 02:42:20 | time. And to see it do what I already understand it does. And do it so efficiently and quick. To me, it's fascinating. I'm impressed by it. But it also |
| 646 | 02:42:20 --> 02:42:33 | proved today that if there is no known stop, there is no target. Oh, my bad. So then the market will do what exactly what I explained to you they will do. Which |
| 647 | 02:42:33 --> 02:42:44 | is the reason why I was teaching in mentorship in a paper trading account. And everything I talked about, had no real liquidity in the marketplace to be |
| 648 | 02:42:44 --> 02:42:55 | targeted. But the market could be called with it, you know, an amazing ability of precision for years, daily, week after week, month after week, I'm sorry, |
| 649 | 02:42:55 --> 02:43:06 | month after month, every single month, every single week, every single day, which is wherever that little catchphrase and slogan came from. Because I proved |
| 650 | 02:43:06 --> 02:43:14 | it to that community. And no one has came forward and said here's the documentation it says he got it wrong here, here here. Here Here your see you as |
| 651 | 02:43:14 --> 02:43:23 | a viewer yesterday. Say this is the first time in for most of you probably was the very first time you watch me live stream do executions in front of you. I |
| 652 | 02:43:23 --> 02:43:33 | don't usually do that. For that reason, and you saw that very thing unfold. But understand something I'm not hiding from people measuring my ability as a |
| 653 | 02:43:33 --> 02:43:42 | trader, I'm literally going into a third party competition, where only one account is allowed the tire here and in reading these people say you can use |
| 654 | 02:43:42 --> 02:43:50 | multiple accounts, contact Robins, ask them if you can put two accounts in your name in trade in the futures division. See if you can do that. They're gonna |
| 655 | 02:43:50 --> 02:44:02 | laugh at you. I talked to the guy on the phone. Don't take my colon, colon, contact him speak to him. Don't believe these dumbasses. Okay? They're trying to |
| 656 | 02:44:02 --> 02:44:08 | say whatever they want to say because they need money in clicks and clout and attention. Go find out that information on your own, you're going to find out |
| 657 | 02:44:08 --> 02:44:21 | that every one of these brave brass bald motherfuckers that are getting out there and trading in that competition. That's a real one. That's a real one. |
| 658 | 02:44:22 --> 02:44:28 | Because they're willing to say hey, I don't mind going out there. I do this all the time. Anyway. What difference does it make if it's in competition with other |
| 659 | 02:44:28 --> 02:44:37 | people? Who cares? If I don't win it? Who cares? If I don't do better than ICT? Who cares? You're gonna it's gonna be fun. It's gonna be fun. Whoever gets |
| 660 | 02:44:37 --> 02:44:48 | involved in it. It's gonna be a whole year of fun. It's just the I'm looking forward to it. But some of you honestly believe that this yesterday and today |
| 661 | 02:44:48 --> 02:44:58 | you think this is going to somehow cause me the fear doing anything? Dude, I'm in it. I'm in it. All I'm waiting for his email to say okay, funded Let's go. |
| 662 | 02:44:59 --> 02:45:10 | And when it's funded, I'm We're gonna make it public. It's it's funded now. And then we'll see what we're seeing. Because I'm going in there with the express |
| 663 | 02:45:11 --> 02:45:23 | intent to beat Redwings record. I contacted him, I spoke to him directly. And I told him, I said, 25 years ago, I sent you a letter. And I told you out of all |
| 664 | 02:45:23 --> 02:45:38 | your students, I'm going to be that guy that beat your record. But I have learned a great deal from him as a young man, much of you had long for me. But a |
| 665 | 02:45:38 --> 02:45:49 | lot of things that built that foundation as a trader, some of the generic rules that I live by, I don't trade like leg limbs. But a lot of the things that he |
| 666 | 02:45:49 --> 02:45:58 | instilled in me about thinking about the marketplace, they still resonate in some of the things that he believed and taught them. And I don't know if he |
| 667 | 02:45:58 --> 02:46:08 | holds true to them today, still, but I have made models that attack that premise. And my power three was built on his public acknowledgement at the time |
| 668 | 02:46:08 --> 02:46:17 | in 1995, that he didn't understand how people could be a buyer below the opening price or near the low on big updates. So that's why he would take 20% the |
| 669 | 02:46:17 --> 02:46:26 | previous day's range, add it to these openings, he's bullish, if it rises, that much you'll buy. I personally couldn't do that. Because I couldn't stand the |
| 670 | 02:46:26 --> 02:46:39 | retracements that would come. And I would get scared on the trade. And I told him in an email, so my intentions are to go above your record. Let it sit there. |
| 671 | 02:46:40 --> 02:46:50 | But if I see it, say nothing about it. I'm not going on Twitter to gloat. I'm not going to champion and I'm not going to parade around with pissing peacock at |
| 672 | 02:46:50 --> 02:46:56 | my house, I'm going to don't don't do think for a minute, I'm not gonna be parading around the house, when I do, I'm gonna do it. I'm just not gonna |
| 673 | 02:46:56 --> 02:47:07 | publicly do. Okay, I'm not gonna, I'm not gonna do that. But I told him, I said, I'm going to drop it. And I'm live stream 1% under your record. And I just, I'm |
| 674 | 02:47:07 --> 02:47:14 | going to explain before I do the trade, that this is where I really think it's going to go. And I'm going to go the opposite of that. And I'm going to |
| 675 | 02:47:14 --> 02:47:27 | livestream, my last trade in the Robins cup. And it will be me going under his record by 1%. And that's me tipping my hat to him out of respect. When he's no |
| 676 | 02:47:27 --> 02:47:38 | longer with us, and if the Lord allows me to still be here, I will go back and I will double his record. Double it in half the time. But I want you understand |
| 677 | 02:47:38 --> 02:47:46 | this year, we're going in like a cool breeze. I'm going in swirl. Because my whole point is I want to prove silver bullet. It's the simplest thing I have. |
| 678 | 02:47:47 --> 02:48:04 | It's the simplest thing I have. And it works really, really well. It's time based. It's real simple to see visually. So that's my job to change that premise |
| 679 | 02:48:04 --> 02:48:13 | to your attention. But that's what I say. Go back and listen. And we'll see it get above that. treat that as support. Look where it stopped. Yeah, that's |
| 680 | 02:48:13 --> 02:48:21 | perfect. And look where the bodies are stopping above the upper half. I'm sorry, above the midpoint in the upper half of that new version fair. But I guess |
| 681 | 02:48:21 --> 02:48:30 | that's a signature that's telling you, we're really strong. So when I talk about this entity, that smart money, okay, who is that? It's people that understand |
| 682 | 02:48:30 --> 02:48:45 | how this algorithm books price. And there are things that are going on, watch how we're going to run this. There are individuals that are not in the business |
| 683 | 02:48:45 --> 02:48:51 | to try and draw attention to themselves. They don't write books, they don't make courses. They don't do teaching circuits. They're on YouTube. |
| 684 | 02:48:52 --> 02:48:59 | They're not teaching people, my buddy met a Smart Money trader, and he told me that the algorithm is gonna stop in 2025. That's bullshit, stop listening to |
| 685 | 02:48:59 --> 02:49:09 | people like that. As long as these markets are trading, this algorithm will absolutely be in play. Okay, they're never going to stop running for stops. |
| 686 | 02:49:10 --> 02:49:19 | That's the lifeblood of the marketplace. That's never going to stop working. Okay. There's always going to be inefficiencies in the marketplace. Always. |
| 687 | 02:49:19 --> 02:49:31 | Okay. And I'm quite confident in saying that everybody is going to be aware of time. As long as they're alive, they're going to worry about time. You're |
| 688 | 02:49:31 --> 02:49:37 | worried about getting the work late. You're worried about getting home in time to see your spouse, you're worried about getting the kids in bed, but you know, |
| 689 | 02:49:37 --> 02:49:49 | specific time, everything revolves around time. Why would you not understand and accept the fact that these algorithms run on the basis of time first. It's just |
| 690 | 02:49:49 --> 02:49:59 | you don't want to you have a narrative that you're trying to sell. You're trying to promote an idea. It's infantile. It's too myopic. Everything in these |
| 691 | 02:49:59 --> 02:50:12 | markets. Place, run by time first. Perfect example. Do you expect to see these large range moves in Asia? No. Why do you think there's not enough agents to |
| 692 | 02:50:12 --> 02:50:21 | trade? Because of buying and selling pressure to did it? There's a whole lot more Asian traders than there are US traders. Well, that kind of this coat did |
| 693 | 02:50:21 --> 02:50:33 | loads that whole idea of the water, doesn't it? Yeah. I get it. We are all I said, we, we are all indoctrinated in the beginning, by reading books and |
| 694 | 02:50:33 --> 02:50:42 | things. And while that's wonderful, and gives us an underlying foundation to what the markets are capable of providing, in terms of opportunity, it doesn't |
| 695 | 02:50:42 --> 02:50:56 | really communicate the the truisms that go on behind the scenes. And there is a collection of traders that capitalize on moments that I have created a language |
| 696 | 02:50:56 --> 02:51:12 | around that I can't physically, I can't physically bring you to a point and say, okay, here is where the algorithm runs from. This is what it's going to do. In |
| 697 | 02:51:12 --> 02:51:21 | reality. What I had to do was I had to create a language that has absolutely no bearing on anything retail, and anybody that says it's Elliott Wave renamed, |
| 698 | 02:51:21 --> 02:51:36 | supply and demand harmonic Wycoff come out here and do a complete expose it because I will give you 5 million fucking dollars in a bank check. Because it |
| 699 | 02:51:36 --> 02:51:47 | ain't there. It's not there. No, why isn't anybody said, I'm going to take this man up on his offer, because they can't do it. Find this information I'm |
| 700 | 02:51:47 --> 02:52:01 | teaching you prior to 1996. It doesn't exist. It doesn't exist, folks. But it was very difficult for me to find a way where I can bridge that gap to what the |
| 701 | 02:52:02 --> 02:52:12 | what the algorithm is really doing that has nothing to do with a chart. It has nothing to do with it has nothing to do with a chart. But there's an overlap, |
| 702 | 02:52:12 --> 02:52:29 | there was an agreement that when these certain things take place? Well, it just so happens that sometimes those charts create this enigma. And I dug into it and |
| 703 | 02:52:29 --> 02:52:41 | dug into it and dug into it and started researching more about bold moves before electronic trading. And I saw it but it wasn't as perfect. It wasn't as |
| 704 | 02:52:41 --> 02:52:49 | efficient. Sometimes you would see it like in this instance where I was talking about down here. Sometimes it would close a little bit below that. But then then |
| 705 | 02:52:49 --> 02:53:01 | resume. What was that indicating? That was indicating the inefficiency of non electronic trading. That's why there was a big push for efficient trading, |
| 706 | 02:53:01 --> 02:53:08 | electronic trading. That's why I was not an opponent of it. There's a lot of people saying I don't want it to be like that. I don't want it to be electronic |
| 707 | 02:53:08 --> 02:53:13 | trading, especially to for traders. There. It was, it's very hard for a floor trader. And that's why I like listen to the guys over a top step. Because they |
| 708 | 02:53:13 --> 02:53:22 | were there they lived that. And a lot of traders I'm sure they know that never found their way to profitability, once leaving the floor and going into screen |
| 709 | 02:53:22 --> 02:53:32 | only trading. You know, I know some of them. Not those individuals on top step but I know for traders that couldn't make it and they say I can't do it. Some of |
| 710 | 02:53:32 --> 02:53:49 | them are in my mentorship and now they can trade hello I wanted that electronic trading I want I came up as a traitor in that my hands were in there doing all |
| 711 | 02:53:49 --> 02:54:00 | that stuff. So I felt what it was like to be in open outcry and calling in your orders and be at a payphone and wait and sometimes your calls get disconnected. |
| 712 | 02:54:01 --> 02:54:12 | The markets still moving folks. And it's it was scary. Here you have no idea especially young 20 year olds that they know everything. Just like I thought I |
| 713 | 02:54:12 --> 02:54:23 | knew everything. You know nothing. I didn't know anything back then. Even on my best days. I felt like King Kong. I didn't know anything. I had no idea what |
| 714 | 02:54:23 --> 02:54:36 | else No, I had no business and you're risking real money I had no business doing. And in the 90s you know 1995 In 1996 I started it was last the last few |
| 715 | 02:54:36 --> 02:54:52 | months in 1985 I was feeling myself because I had my first son in 1992. But I started teaching before I should have I was just figuring out things then. It |
| 716 | 02:54:52 --> 02:55:05 | wasn't till around 1998 that I really had a grasp on what it was I was doing But two and a half years, just shy of three years prior to that, I kept trying to |
| 717 | 02:55:05 --> 02:55:13 | tinker with it. And then I would, it would fall apart. And it wouldn't hold up every year it will hold up over here, but it would fall apart over there. And |
| 718 | 02:55:13 --> 02:55:22 | when I was trying to look for this symmetry where everything together fits together, because if if the market is, in fact, rain on algorithm, if it's all |
| 719 | 02:55:22 --> 02:55:29 | manipulated, rigged, and it's all like a casino, and they're all in control everything, then that means that every market should be in agreement to some |
| 720 | 02:55:29 --> 02:55:38 | degree. And my best trading, your best trading is when all the markets are moving in concert with one another. That's the highest degree of high |
| 721 | 02:55:38 --> 02:55:48 | probability. That's when I'm going to be doing the highest leverage I can afford to do so in Robbins, unless it does that I'm not dealing. I'm not trying to have |
| 722 | 02:55:48 --> 02:55:59 | drawdown that looks like a roller coaster. I want to be steady, Eddie, I'm not I'm not trying to go for grand slams, I'm not going to risk the equity, when I |
| 723 | 02:55:59 --> 02:56:10 | get into the latter months, I want to be able to show that that silver bullet is a steady Eddy consistent red one in the aspect of money management, and the |
| 724 | 02:56:10 --> 02:56:21 | effects of compound interest, doing the same thing over and over and over again. But with a different amount of money that never increases by percentage basis. |
| 725 | 02:56:22 --> 02:56:31 | Okay, so I've created a very specific money management approach to using what I'm going to trade with this year. Every part of that is going to be made |
| 726 | 02:56:31 --> 02:56:40 | available. Like every trade I'm going to do, I'm going to record it. I'm not going to live streaming because as you can see, I've heard so many people ask |
| 727 | 02:56:40 --> 02:56:49 | me, please live stream, please live stream, your exit your entries and your exits. This is this was always my concern. Because I know if I put a big |
| 728 | 02:56:49 --> 02:56:58 | bullseye on, this is where my liquidity is. There's a lot of you that want to do everything I'm doing. And a lot of you literally pare it, everything you hear me |
| 729 | 02:56:58 --> 02:57:06 | say, and you've never really done the research to see if in fact, what I said is in the marketplace, you're just trusting because I said it. And that's never |
| 730 | 02:57:06 --> 02:57:13 | what I wanted you to do. I wanted you to go into the marketplace, study the charts and see if what I'm saying is there. If it's not, then there's no reason |
| 731 | 02:57:13 --> 02:57:20 | to watch me, there's no reason to listen to me believe everything that everybody says about me, that's negative mice. But if you go into the chart, you will see |
| 732 | 02:57:20 --> 02:57:30 | exactly what I'm talking about is there. I have no fear being out here like this, okay, it's nothing for me to do this, literally. It's going to repeat |
| 733 | 02:57:30 --> 02:57:39 | tomorrow, it's going to repeat next week, it's going to repeat until there is no market, the algorithm is not going to be recoated. Okay, no one's going to |
| 734 | 02:57:39 --> 02:57:48 | change the algorithm. So that way all this stuff stops working. Because to say that this is this is what you're really saying is, I'm an idiot, I don't know |
| 735 | 02:57:48 --> 02:57:56 | how the markets operate, and nobody's ever going to try it again. Because that's where it's going to take for it to not work anymore. There's always going to be |
| 736 | 02:57:56 --> 02:58:02 | new traders coming in. And there's gonna be traders that know how to trade there's going to constantly training. So therefore what does that mean, there's |
| 737 | 02:58:02 --> 02:58:09 | always going to be liquidity. And there's always going to be these sudden movements in one directional in every timeframe, where it creates an |
| 738 | 02:58:09 --> 02:58:21 | inefficiency where it's not efficiently offered price on both paths through both going down and going up. That's an efficiently traded range of price whatever |
| 739 | 02:58:21 --> 02:58:36 | that range is wherever highest highs and lowest lows and what I mean by that in this area right here between this between this candles low right there in this |
| 740 | 02:58:36 --> 02:58:47 | candles Hi. I'm gonna just annotate this, I'll say this and then I'm done. I'm hungry, I gotta get something there's if I hear if if I hear my stomach that |
| 741 | 02:58:47 --> 02:58:52 | means I'm you're going to be hearing it and I don't want you to realize it. |
| 742 | 02:58:54 --> 02:59:12 | Alright, so All right. So that inefficiency right there. From this candles low in this candle is high that little range here that I highlight all the time with |
| 743 | 02:59:12 --> 02:59:22 | a shaded box or a rectangle that's not a supplier domains and what's actually occurring there is the price engine drops the price quickly it's not sellers |
| 744 | 02:59:22 --> 02:59:34 | that are doing that. Test it okay. When you go through record your screen, okay people that have like level two data and or I got I don't know why I don't trust |
| 745 | 02:59:34 --> 02:59:43 | myself saying book map. It doesn't sound right to me. I don't use it, but I know it's popular. But if it's not book map, you know what I'm talking is that little |
| 746 | 02:59:43 --> 02:59:50 | thing that they show where supposedly the owners are and it makes these big bubbles, which is to me atrocious I can't even look at that thing. It drives me |
| 747 | 02:59:50 --> 03:00:01 | nuts. study how many orders are in that run when it creates like this and you'll be able to see that if you record your screen. If you're not trying to trade |
| 748 | 03:00:01 --> 03:00:10 | anything, just observe it one minute chart, a five minute chart and a 10 minute chart, observe it. And you'll see that there isn't a whole lot of orders that |
| 749 | 03:00:10 --> 03:00:22 | are traversing through the marketplace. And one of the biggest epiphanies I had as a trader early on was I was trying to learn how to use volume. VSA. Okay, |
| 750 | 03:00:22 --> 03:00:35 | that's kind of like what I was trying to do. And I was given it some time to prove itself to me. And I got stuck in a market limit, like it was going against |
| 751 | 03:00:35 --> 03:00:44 | me limit moves. And that means you can't get out of the trade. And it's, I'm sure it's very fun, exhilarating, when it's working out in your favor, anybody |
| 752 | 03:00:44 --> 03:00:52 | would want that, right? But what happens when it's not? And you can't get out of the brokerage, they can't do anything for you. That means the market opens up |
| 753 | 03:00:52 --> 03:01:03 | the next trading day lock limit, up or down. If it's against your trade, you're stuck. That's a trader that becomes a Christian, he starts praying to God real |
| 754 | 03:01:03 --> 03:01:14 | quick. And apparently, God doesn't care so much about traders in those days, because he won't get them out of it. Okay, so how many contracts did it take for |
| 755 | 03:01:14 --> 03:01:23 | that limit up move to form? I asked this, of course, when he did the face to face he's the only person ever given face to face to except for my students who |
| 756 | 03:01:23 --> 03:01:37 | were being interviewed. But I asked him, I said, you know, how many contracts is the make? Up Move or limit down move? One. So it's not buying and selling |
| 757 | 03:01:37 --> 03:01:49 | pressure. That was the first epiphany. Okay, if we can move to the maximum daily allowance that the price can move for any one instrument? Okay. It didn't take a |
| 758 | 03:01:49 --> 03:02:01 | lot of contracts to do that. So that means that price was offered there. And it's stuck there. Nobody can buy and sell out of it. Okay, well, that tells you |
| 759 | 03:02:01 --> 03:02:12 | what volume is everything. And it opened my mind up to start thinking, Okay, I need to see what this looks like in price runs that are real quick. And what's |
| 760 | 03:02:12 --> 03:02:22 | actually occurring is you're not seeing a lot of selling pressure they're in, in the minds of most that don't know what's going on. They see this candlestick, |
| 761 | 03:02:22 --> 03:02:31 | right here, they see this is a big candle with a lot of voters going short. That's in your mind. That's what you're thinking. When you say selling pressure, |
| 762 | 03:02:31 --> 03:02:44 | you're thinking a lot of people came in, and so this and pushed it down. They can't sell anything unless there's a buyer. Think that selling pressure, what do |
| 763 | 03:02:44 --> 03:02:51 | you call it for the people that will understand the trade? Because there's a transaction? It's a net sum zero again, you fucking clowns have no idea what |
| 764 | 03:02:51 --> 03:03:02 | you're talking about. This literally is the biggest lie that this industry promotes all the time buying and selling pressure. There is none of that. What's |
| 765 | 03:03:02 --> 03:03:12 | actually occurring there is this between this candlesticks low in this candlesticks. Hi, me, I'm Reverend, I gotta tell myself back, you're gonna give |
| 766 | 03:03:12 --> 03:03:14 | me a second good grip. |
| 767 | 03:03:19 --> 03:03:28 | what's actually occurring, it's a little bit of edit point for recording, and you wouldn't heard the outburst there. But I'm live, so I can't do it. This drop |
| 768 | 03:03:28 --> 03:03:37 | here, what's occurring is there's a gap between this price. And I'm not saying if this was this price, specifically, but it may go from 28 and a quarter down |
| 769 | 03:03:37 --> 03:03:48 | to 27 and three quarters, and there's no trade between the previous price in this one. There's no print, there's no booking of that at all. And then it goes |
| 770 | 03:03:48 --> 03:03:55 | down a little bit more and it comes back up and it might print in that little gap that was created, or maybe just in a piece of that, but doesn't give you |
| 771 | 03:03:55 --> 03:04:08 | every single price offered by tick. So the smallest fluctuation in these indices is a tick or a quarter point. There's four quarter points in one full handle in |
| 772 | 03:04:08 --> 03:04:19 | these fast runs like this. There's porous price action where there's little tiny little gaps. And the way you see that is with a one second chart, a five second |
| 773 | 03:04:19 --> 03:04:30 | chart and you'll seek not let me see if I can show it to you. So this price random here is going to a what let me let me let me shade this here so that we |
| 774 | 03:04:30 --> 03:04:44 | were looking at a very specific range from here to where we're at right now the highest high of that candle. Okay, and let's shade this an ugly yellow and we'll |
| 775 | 03:04:44 --> 03:05:01 | roll down into a one second chart All right, prices fractal meaning that there is no movement in price action that's not occurring. All timeframes. And when I |
| 776 | 03:05:01 --> 03:05:09 | hear people say, I can't really trade the one minute chart, because it's too fast. What the hell are you talking about? It's the same movement that's |
| 777 | 03:05:09 --> 03:05:18 | occurring on a 15 minute chart, an hourly chart, a four hour chart or a daily chart. But what you're looking at is these little tiny little candlesticks, |
| 778 | 03:05:18 --> 03:05:29 | okay, and you're trying to figure out where you can place a stop loss and make all your decisions, and it's moving. And that movement is scary. So you just did |
| 779 | 03:05:29 --> 03:05:42 | a little gap, it can rebound the price into that. So that what's missing in here? Yeah. What's missing right there? Those are small little micrographs, like |
| 780 | 03:05:42 --> 03:05:53 | this right here. See that? And then what does it do? It drops down in there and offers it in offers it in offers it what's going on right there. The algorithm, |
| 781 | 03:05:53 --> 03:06:06 | the price engine is offering this price between this here to there, because there was no trade booked no print at all between these two price points. So the |
| 782 | 03:06:06 --> 03:06:13 | market will go down here and offer that it doesn't matter how many people are buying and selling, because someone and you see me do a majority of my entries |
| 783 | 03:06:13 --> 03:06:19 | are market orders. Because I'm trying to prove by clicking these buttons up here, that it's not Market Replay because you don't have these buttons when |
| 784 | 03:06:19 --> 03:06:27 | you're doing Market Replay. That's why I do it that way. I don't like market orders, I want to use limit orders because I'll get my price. And if I don't get |
| 785 | 03:06:27 --> 03:06:35 | my price, it's okay, I'll use another PDA right to get into the move. I don't have to have my best price entry. I am not worried about my entries, my exes are |
| 786 | 03:06:35 --> 03:06:42 | stressed out because I want them to be better than they really are. And I'm never going to be satisfied because it's like anything else. That's a pursuit of |
| 787 | 03:06:42 --> 03:06:52 | perfection and nobody could ever attain it. But this little separation and here, it goes down and offers that price. Someone, some entity, some character that |
| 788 | 03:06:52 --> 03:07:04 | has a trading account is going to always go into the marketplace and buy or sell at the market. That's never going to stop happening, folks. That's never going |
| 789 | 03:07:04 --> 03:07:10 | to stop happening. People are always going to use limit orders. They're always not not every trader, but they're always going to use limit orders, they're |
| 790 | 03:07:10 --> 03:07:23 | always going to use stop orders, protecting your position or stopping into a trade, buying strength or selling short weakness. What I'm looking for is these |
| 791 | 03:07:23 --> 03:07:35 | little moments like this. Okay, I'm looking for these little moments right there inside of biocide and salsa inefficiencies, because that's what the markets |
| 792 | 03:07:35 --> 03:07:42 | gonna reprice to if I'm bearish and it goes up into something. No, I mean, let me say correct, because this has been shown as the markets going up, if I'm |
| 793 | 03:07:42 --> 03:07:51 | bullish. And if it hasn't traded to a target, that I think it was going to be reaching for some kind of draw on liquidity, I would have a limit order resting |
| 794 | 03:07:51 --> 03:07:59 | right in here and waiting for it to come down to fill that. And I'd be confident that the algorithm is doing that very thing to facilitate trade efficiently. |
| 795 | 03:08:00 --> 03:08:10 | Because there's no trade between these two price points. That's, that's algorithmic price delivery. That's something that it repeats every single day. |
| 796 | 03:08:10 --> 03:08:23 | It does it all day long, every single day, both directions, and high frequency trading algorithms. They capitalize on these little inefficiencies. So when |
| 797 | 03:08:23 --> 03:08:28 | we're looking at price that's a one second chart. Here's a five second chart |
| 798 | 03:08:34 --> 03:08:49 | sell side taken, rallies, higher comes back down. Order block, rallies. inefficiency. inefficiency, there's a wicks that not the bodies is all on what |
| 799 | 03:08:50 --> 03:09:04 | five seconds? Was it run for vice on rallies up, breaks down, fair value got trades up into it breaks lower gap doesn't get filled breakaway gap, meaning |
| 800 | 03:09:04 --> 03:09:17 | what it's going to run for sell sign? Where's that right there? Was it go down there. Your greatest epiphanies are going to happen by looking at price runs on |
| 801 | 03:09:17 --> 03:09:28 | a one in five minute 15 minute timeframe. And you may not have a membership to trading view that afford you these sub women in charts and don't think for a |
| 802 | 03:09:28 --> 03:09:36 | minute that I'm trying to sell you on the idea that the buy anything from it. I don't get anything. They asked me for disclosure. They asked me if I wanted to |
| 803 | 03:09:36 --> 03:09:45 | have a partnership with them. And I declined them and I can literally take you into if if privacy wasn't an issue because there's a lot of people over here on |
| 804 | 03:09:45 --> 03:09:53 | this little button thing here. If I click on it. In the top three, the guy that is the representative for trading view reached out to me and asked me would I be |
| 805 | 03:09:53 --> 03:10:01 | willing to do something like that and promote trading view and I declined respectfully I said I don't do that for anything. If I don't do any affiliate |
| 806 | 03:10:01 --> 03:10:08 | marketing, I won't accept any affiliate marketing, I'm not going to represent your broker, I'm not going to talk about your funded account, or company. I |
| 807 | 03:10:08 --> 03:10:17 | don't do those things. I may mention things in passing, but I never cosign are telling me to go to anything. Because I want to be honest. And the only way |
| 808 | 03:10:17 --> 03:10:24 | you're going to be able to trust what I'm saying is this, if I say everything on the basis of my own opinion, and it's not monetized, no one's telling me, hey, |
| 809 | 03:10:24 --> 03:10:36 | represent me or represent my company. And we'll reward you for doing that. So I say that to say that, if you're using TradingView, I don't know what the |
| 810 | 03:10:36 --> 03:10:43 | membership is, you'll have to do that research on your own to determine what membership level you have to have to get the one minute charts conference are |
| 811 | 03:10:43 --> 03:10:54 | less than one minute chart. But you don't need this to trade. Okay, I want you to understand, you don't need this to trade. But I get asked so many times, what |
| 812 | 03:10:54 --> 03:11:02 | am I looking at, on the sub one minute charts, it's that. And it's no different than what I've already said about a one minute chart, a five minute chart, a 15, |
| 813 | 03:11:02 --> 03:11:14 | or any other timeframe. But there are real gaps, where there is no price printing inside that run in the market has a very strong tendency to do what |
| 814 | 03:11:14 --> 03:11:23 | gravitate back down because it wants to efficiently deliver both sides of the marketplace. An efficient market is this in any range, any range whatsoever, in |
| 815 | 03:11:23 --> 03:11:39 | efficient market between whatever price level, this would be, let's say I have to end this lifetime after I say this. I'm gonna go crazy. You're already crazy. |
| 816 | 03:11:42 --> 03:11:50 | So here is representative of them close to 10. And then say we have |
| 817 | 03:12:00 --> 03:12:14 | a later time we have the market trade back up. And I'll explain this in a second any color scheme. So I use a Black Candle for anything that closes bearish. And, |
| 818 | 03:12:14 --> 03:12:26 | and I use a green candle for any candlestick. That closes bullish. Okay. So if any range whether it be a pdra, whether it be a dealing range, whether it be a |
| 819 | 03:12:26 --> 03:12:37 | inefficiency, whether it be a gap, an actual gap in price, where there's no trading, efficient delivery of price is offered, when it's dropping, sell side |
| 820 | 03:12:37 --> 03:12:45 | delivery, there's not sell side liquidity, it's cell cycle, and then simply moving movement is going lower, and the price engine just keeps offering lower |
| 821 | 03:12:45 --> 03:12:54 | prices, it matters not how many people are buying it, it will still drop, it will still drop, because it's controlled. And whenever it hits this extreme |
| 822 | 03:12:54 --> 03:13:05 | opposite end of the range, whatever is going to be defining that for you as an analysis. Then efficiently delivered price would see a move up. So traveling |
| 823 | 03:13:05 --> 03:13:15 | through a defined range of of any particular high to any particular low. I'm always measuring and looking for the signatures that see these elements here. |
| 824 | 03:13:15 --> 03:13:30 | Sometimes you're gonna see this What is it efficient, and it's it's inefficient, in fireside between this candle is high in that high. So that's not a fair |
| 825 | 03:13:30 --> 03:13:45 | value. But the market will reprice up there on another candle, it may be the immediate one that may be a later one. And you'll see it do this this one in |
| 826 | 03:13:45 --> 03:13:55 | here is where the market does its efficiently delivered price. It's a mechanism that constantly is gyrating up and down. And it matters not folks. And the only |
| 827 | 03:13:55 --> 03:14:02 | way you can prove this to yourself is to study it with that in mind, and start stripping down the price action. And then compare it to how many contracts are |
| 828 | 03:14:02 --> 03:14:10 | really being traded, and compare it to other price moves, where you'll see these big runs. It's not the buying selling pressure. And it's not the absence of |
| 829 | 03:14:10 --> 03:14:17 | buying and selling either. Chris Laurie mentioned, it's an absence of buying and selling. It's not. It's not buying and selling pressure. It's completely fucking |
| 830 | 03:14:17 --> 03:14:27 | rigged. That's the reality, the markets going to go to these predetermined levels because it's going to go there. But it affords us as traders, these |
| 831 | 03:14:27 --> 03:14:40 | little opportunities for us to get on board like a bus. Every bus route has multiple bus bus stops. Every price run has multiple points of entry. And I have |
| 832 | 03:14:40 --> 03:14:49 | at one of those motherfuckers up and get myself into them. Now I might not be able to get on the ones I really really want. And I might have to take a walk to |
| 833 | 03:14:49 --> 03:14:58 | get to or jump on somebody's hood and get a ride down a couple blocks and beat the the next bus stop in meeting, meet it there and then get on board and ride |
| 834 | 03:14:58 --> 03:15:06 | the rest of the way. That's trading Okay, that's the same thing that's going on in trading, you're looking for a run on liquidity, you're looking for a reason |
| 835 | 03:15:06 --> 03:15:19 | for price to reach to a specific price point. And then be positioned to do so. And manage risk in between. When you look at price like this, it's not anything |
| 836 | 03:15:19 --> 03:15:29 | retail, what I just described there, that is not a fair value gap. That's not in any books, it will be further discussed in my books. And some of you think you |
| 837 | 03:15:29 --> 03:15:36 | already know what I'm talking about there. I promise you you don't. But for others that have really been ingrained in studying you really, really in detail. |
| 838 | 03:15:36 --> 03:15:44 | This does open up a whole lot more opportunities for you. And you started smiling right away soon, because you're like, I see that, right? But what are |
| 839 | 03:15:44 --> 03:15:53 | you gonna do with it? That's the difference. Everybody can see a turtle soup after it happens. Not many people can do it in court before it happens |
| 840 | 03:15:53 --> 03:16:07 | consistently. Women. Alright, so anyway, I think, is there anything else I want to add to this before I close? Okay. |
| 841 | 03:16:19 --> 03:16:27 | So I'm quite confident you got something today, and sure you were entertained by me getting stopped out, that's fine, that's good. If it makes you feel better |
| 842 | 03:16:27 --> 03:16:35 | about yourself, as a, as a student, or someone who doesn't trade really well, or doesn't like me, it helps you get through the day with a smile, I'm thankful |
| 843 | 03:16:35 --> 03:16:43 | that I can help you. It is not going to change me not being successful in winning the Rollins Cup this year, because that's gonna fucking happen. Do you |
| 844 | 03:16:43 --> 03:16:52 | want to believe it or not, it's going to happen. But look at where we are down here. I mentioned that that sell side before it happened, traded there. And then |
| 845 | 03:16:52 --> 03:17:03 | once we got it, we got this inversion, fair value gap. We got it. In the breaker, we got it, I got stopped down. rally up in here I told you this was the |
| 846 | 03:17:03 --> 03:17:12 | second stage re accumulation of the market maker bimodal. It rallied up the highest degree of the price move today that we had a sell side of putting one |
| 847 | 03:17:12 --> 03:17:21 | here, we traded back down into the same inversion fair value got that I gave you for the market maker model by model rather second stage re accumulation. And if |
| 848 | 03:17:21 --> 03:17:32 | somebody that brand new is like what are you saying? It's all in the model six and model seven lecture and teachings I just put two days ago put model six |
| 849 | 03:17:32 --> 03:17:40 | initial video up. It's kind of like the presentation that they did an introduction to it. And then the next video is will be more detail aspect of it. |
| 850 | 03:17:41 --> 03:17:49 | But we had sellside. Now think I said it, we're in a primarily bullish market. And the way you want to trade markets that are all time highs is you want to |
| 851 | 03:17:49 --> 03:18:01 | focus on it. This is my interpretation, this is what I go by. I look for sell side to be rated. So it's a turtle suit based model. And if you do that, if it's |
| 852 | 03:18:01 --> 03:18:12 | predisposed to go higher, and the keep pushing it higher, the better trades will be going long. So filter out all the shorts and every impulse of wanting to |
| 853 | 03:18:12 --> 03:18:21 | short just this domain and do it. So marry the idea only in times where when markets are trading at all time highs because you don't know where the high is |
| 854 | 03:18:21 --> 03:18:29 | going to be at. I don't know. And I swear to God on Monday, I don't know how to determine where the highest highs gonna be in primary bull markets. I promise |
| 855 | 03:18:29 --> 03:18:38 | you if I did if I had an inkling, it would be a lecture for I don't have it. I wish I did. I don't have it. So and nobody else has it either believe me, |
| 856 | 03:18:38 --> 03:18:45 | doesn't they? Everybody would know about it. Maybe not so much of how they did it. But they would know that they were doing it because they would bring forth |
| 857 | 03:18:45 --> 03:18:52 | evidence and say here, I can do this, like I'm showing you here I'm pointing out certain things in price action in many respects, it behaves a certain way. They |
| 858 | 03:18:52 --> 03:19:00 | would have documentation to be able to say that same thing. And no one has it so but we had sellside taken below these lows here went down into our inversion |
| 859 | 03:19:00 --> 03:19:10 | fear of a gap. We whipped down through it but the body's ever close outside of that No. So that's a signature. It's like a boost of confidence, basically, a |
| 860 | 03:19:10 --> 03:19:18 | good way of giving me an analogy of what I'm seeing when it does that, if it starts closing outside of PD arrays, and I'm going to trade is yet to get my |
| 861 | 03:19:18 --> 03:19:27 | stop if it does it for three PV arrays in the order of succession from where my entry was to where my stop loss is. If there's three PD arrays between that, and |
| 862 | 03:19:27 --> 03:19:35 | it still hasn't yet stopped me out. I'll close the trade because I don't know I'm next. Okay, some trades I don't have the luxury of having three. So I have |
| 863 | 03:19:35 --> 03:19:44 | to just let my trade go to the stock. Or if it gets close to it, then I'll take some of the trade off and just reduce the risk. So I've answered a lot of |
| 864 | 03:19:44 --> 03:19:53 | questions right there. A lot of you have been asking, and I guess it's later in the video or the live stream that's usually how I do things but you have to earn |
| 865 | 03:19:53 --> 03:20:02 | these types of details. Then we went into this area here I said that I don't want to see it close outside. About with the clothes and bases, and it can look |
| 866 | 03:20:02 --> 03:20:12 | through that guy because it's a volume of balance in nature, that very PDA right is it can go through it back and forth until it lays a body down across it. It's |
| 867 | 03:20:12 --> 03:20:21 | usable. But once it lays a body down across it, meaning it could still be used by me, at a later time, I'll have this on my chart until he body is laid over |
| 868 | 03:20:21 --> 03:20:32 | top of these two lines. But since there's no body, it's just wicks, this is a pertinent level to me in the future still today. Okay, tomorrow into where, but |
| 869 | 03:20:32 --> 03:20:32 | um |
| 870 | 03:20:37 --> 03:20:52 | yeah, I don't stop now, I'm going to keep going. And I have to, like I have to eat, I feel myself. I'm going like 20 hours, 2019 and a half hours, since the |
| 871 | 03:20:52 --> 03:21:00 | last time I eat. So I'm feeling a little bit more hungry. So my stomach is not going to start growling. So I'm gonna try to get off here before that happens. |
| 872 | 03:21:00 --> 03:21:08 | So hopefully, I've entertained you today, hopefully I've given you some insight about some things. And I've called some market movement with details as to why |
| 873 | 03:21:08 --> 03:21:17 | it should behave this way. It was all here live in front of you, nothing was done with the replay. Nothing was done on a delayed data, apart from the latency |
| 874 | 03:21:17 --> 03:21:27 | between what YouTube collects from my live stream at a time and then projecting it to where you are in the world. It was about a 32nd delay. And I don't know |
| 875 | 03:21:27 --> 03:21:39 | how to over overcome that. I don't know how to do that. So it is what it is. Hopefully, you've seen yesterday and today, the illustration as to why I don't |
| 876 | 03:21:39 --> 03:21:51 | want to live stream. I'm I'm I'm privileged to have a very large following. And they love me so much that they know that if I'm wanting to come out here and |
| 877 | 03:21:51 --> 03:22:01 | push the button, I have faith in what I'm doing. And if I put a stop loss on and it's been public, everybody's gonna do the same thing. Everybody's gonna do the |
| 878 | 03:22:01 --> 03:22:12 | same thing. And I, unfortunately, was an influence adversely to some of my students like, Tanya, I watched her. I didn't watch all of it and watch the part |
| 879 | 03:22:12 --> 03:22:21 | of it. And it turned off because I got emotional about it. For her to say that she was considering a trade and in watch me doing something, it messed her up. |
| 880 | 03:22:22 --> 03:22:30 | That's exactly why I thought mentorship, if you're going to trade, don't even look at me. Because you don't want to have a conflicted mindset. You don't want |
| 881 | 03:22:30 --> 03:22:41 | to be have a divided mind. And because you have a regard for me, that's high, and I appreciate and I'm thankful for that. I'm not, I'm not infallible. That |
| 882 | 03:22:41 --> 03:22:49 | means I might do it wrong, I might do it wrong, I might do it more aggressive than you and I might inspire you to do more leverage than you really would have |
| 883 | 03:22:49 --> 03:23:01 | done initially. Okay, so you can have me as a mentor. But if you're going to be trading, put me in the box, don't don't look at me later on. So that way, your |
| 884 | 03:23:01 --> 03:23:12 | mindset is clear. I've never heard Tanya use the F bomb. And believe me, I'm capable. You heard this today in Twitter, when I really go off the rails. I say |
| 885 | 03:23:12 --> 03:23:24 | it a lot. And it's not something I'm proud of. But I've never heard her say it. And she she visibly and audibly was uncomfortable yesterday. And that I |
| 886 | 03:23:24 --> 03:23:35 | apologize if I had any impact on. That's the last thing I want to do for any student. But if you're going to be trading, tune everybody out, even your chat, |
| 887 | 03:23:36 --> 03:23:44 | they can chat amongst themselves. But if you focus on these candlesticks and what you're only worried about for yourself, you can talk audibly, and let them |
| 888 | 03:23:44 --> 03:23:55 | hear what you're thinking. But as soon as you include them in the conversation. It's not your trade anymore. It's theirs. Now you got to live up to the |
| 889 | 03:23:55 --> 03:24:09 | expectation of them as the viewer. And then you're going to manage the trade based on what you're weighing out. In terms of what they expect to see. And if |
| 890 | 03:24:09 --> 03:24:19 | you are a channel that's trying to grow, that's gonna be a huge weight on your back. And it's going to make trading harder than it really is. As a 20 year old |
| 891 | 03:24:19 --> 03:24:26 | when I first started learning how to do this, I would never be willing to come out here and funny. I was too insecure to do it. And a lot of you believe I'm |
| 892 | 03:24:26 --> 03:24:35 | insecure I'm not insecure, I'm a braggart. I'm arrogant. It's fuck. I know this stuff like the back of my hand clearly, but also know my limitations. I know |
| 893 | 03:24:35 --> 03:24:46 | exactly how I will walk into a scenario where it can be made very easily invisibly questionable whether or not you should even spend any time learning |
| 894 | 03:24:46 --> 03:24:57 | how to do this. Because you watched yesterday he wants to do when my staff has made them public. It's a huge draw right to that liquidity. Did it run away from |
| 895 | 03:24:57 --> 03:25:06 | those stop outs? No, I mean today I mean, I wasn't willing to stick with it, I wanted to go back and I was like, I'm not going to do it. I was going to buy at |
| 896 | 03:25:06 --> 03:25:13 | a later time to I was going to do this one, as I mentioned. I said, No, I don't want to do that, because somebody will see that and say, Oh, see, that's what he |
| 897 | 03:25:13 --> 03:25:22 | does. He does it off screen and he doesn't, with 15 computers, fuck all that. Explain how I outlined everything that you see here in the chart. Okay. Explain |
| 898 | 03:25:22 --> 03:25:33 | that. Because that happened in front of all your eyes. And I did this in the witness of a legion of people for years. And without any execution, it doesn't |
| 899 | 03:25:33 --> 03:25:45 | create pools of liquidity that will be big. It will be an obvious draw on the code. It just it tested the way it worked. It works now. And it's fascinating to |
| 900 | 03:25:45 --> 03:25:55 | see how fast it ran to that. So that was one of the things I told y'all Robins when I talked to him last Thursday, and he was asking me what my thoughts were |
| 901 | 03:25:55 --> 03:26:03 | about letting people copy my trades, because they they offer that as a service to their business folks, their businesses like trading view is just like, your |
| 902 | 03:26:03 --> 03:26:09 | your broker is just like anybody else's running a business, anybody that runs a YouTube channel, you're running a business, you're trying to get ad revenue, and |
| 903 | 03:26:09 --> 03:26:17 | there's nothing wrong with that. I have nothing to say about anybody like that. But if I have monetization on my videos, or not, YouTube's going to run ads on |
| 904 | 03:26:17 --> 03:26:24 | my videos. Okay, you guys have a large following and had somebody leave a comment saying well, but there's an Indian YouTube channel that doesn't get ads. |
| 905 | 03:26:24 --> 03:26:34 | That's bullshit. Okay, every channel with any following has ads running on it. I had to sign a disclosure clicking a box, and I'm aware, a year and a half ago, |
| 906 | 03:26:34 --> 03:26:43 | whatever, that YouTube, whether I'm monetized or not, they're gonna run ads on my videos. So if I'm not gonna run ads on it, they get 100% of what would have |
| 907 | 03:26:43 --> 03:26:54 | been, basically, almost $700,000 in revenue off of my YouTube channel just last year. So think about that, you're gonna let somebody else have that money, when |
| 908 | 03:26:54 --> 03:27:09 | you do all the work yourself, and nobody would do that. So stop with the bullshit. But you're gonna have to get to a point where all this outside stuff, |
| 909 | 03:27:09 --> 03:27:18 | either this stuff works, and you see value in it or you don't, okay? It doesn't matter. To me personally, it doesn't matter. Like I love teaching, I think I |
| 910 | 03:27:18 --> 03:27:27 | mean, look, I have a hard time leaving all the time. Because I want you to, I want you to learn, I want you to learn, I want you to learn properly, I want you |
| 911 | 03:27:27 --> 03:27:37 | to have the right conditions, the learning, and I have tried my best to try to make it available to you. So that way you can see it real time. And as soon as I |
| 912 | 03:27:37 --> 03:27:45 | put my stop loss there, you watched it happen. And then I outlined this area over here, how's that any different from me doing a trade when I'm not doing |
| 913 | 03:27:45 --> 03:27:57 | live and I'm recording every aspect of the trades being recorded. I'm not having 15 contracts or not 15, contracts, 1512 10 532. Computers recording different |
| 914 | 03:27:57 --> 03:28:07 | things. I can't think about anything more than one thing at a time. And that's why I jumped from one subject to the next, I can put one subject on pause, start |
| 915 | 03:28:07 --> 03:28:15 | talking about something else and come back. And it's real hard to listen to me. Because it's frustrating for people that don't have that capability to keep up |
| 916 | 03:28:15 --> 03:28:23 | with someone like me. That's what makes me a bad mentor. It makes me a weak mentor. Because it's very easy for me to be distracted. And I have so many |
| 917 | 03:28:23 --> 03:28:31 | things I want to talk about so many things I want to share and teach. And I don't have enough time. And I don't have the bandwidth in this body to be able |
| 918 | 03:28:31 --> 03:28:40 | to pour it out on and you don't have the ability to take it all in because it's like drinking from a firehose. But nobody is going to be able to clown what was |
| 919 | 03:28:40 --> 03:28:51 | outlined today. And what I what I completely outline yesterday about how the day was going to behave. And eventually an afternoon, I needed the very specific |
| 920 | 03:28:51 --> 03:29:01 | times that that price run would occur. And then I executed on it recorded every aspect of it. I was waiting for it to happen. Alright, so now we're gonna close |
| 921 | 03:29:01 --> 03:29:10 | it. So hopefully you got something out of this today. I'm not promising that I'm going to come out here and press buttons, but I am promising you that every |
| 922 | 03:29:10 --> 03:29:17 | motherfucker beaten me in this Robinho competition is here, and you can get mad about that you can call me arrogant, you can hope and pray that I'm going to |
| 923 | 03:29:17 --> 03:29:26 | fail so you can clown and troll me. I'm going to fucking deny all of you that will do that. I'm going to enjoy that. I'm going to moonwalk my ass into Chicago |
| 924 | 03:29:26 --> 03:29:36 | and get that pewter s statue, okay, or that bone bear that probably cost 100 bucks at best. And I'm going to just put that as my border grade on the YouTube |
| 925 | 03:29:36 --> 03:29:44 | channel. And I'm never going to mention it. I'm never going to say anything about it, because there's nothing else to say. So I'll talk to you next time. |