ICT YT - 2024-05-01 - Key Notes and Observations - Day 3 of 3
Last modified by Drunk Monkey on 2024-05-02 10:28
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- ICT YT - 2024-05-01 - Key Notes and Observations - Day 3 of 3
04:03 - Live streaming, comments, and feedback.
- ICT emphasizes importance of sincerely asking questions in comments section.
- Ict addresses criticism from viewers, muting those who cannot see the obvious.
08:19 - Trading and risk management in forex markets.
- The speaker criticizes the lack of attention span and critical thinking skills in new generations, citing social media as the main culprit.
- The speaker emphasizes the importance of understanding the logic behind trading decisions, rather than just following actionable points without considering potential risks or consequences.
- ICT: Live trades cause puckered assholes, unwanted stops, and abandonment of trading plans.
- ICT: Focus on Euro and cable shorts if dollar is going higher, using price action and case studies.
- ICT teaches traders how to identify and trade on gaps, including new day opening gaps.
- ICT emphasizes the importance of economic calendar in framing daily bias and predicting price movements.
17:24 - Trading strategies and market analysis.
- The speaker emphasizes the importance of understanding market risks and not gambling.
- The speaker encourages listeners to have a sober mindset and not be impulsive in trading.
- ICT: Focus on ceiling to price action, not daily bias or live stream chatter.
- ICT: Avoid watching live streams with "a bunch of fucking children" in the chat window.
- ICT emphasizes the importance of understanding market conditions and risk management in trading.
- ICT criticizes other trading educators for oversimplifying complex concepts and failing to address the real challenges of trading.
25:54 - Trading and market analysis.
- The speaker emphasizes the importance of patience and self-control in trading, particularly when feeling the urge to act quickly.
- The speaker warns against ignoring the skills and knowledge needed to succeed in trading, and instead focuses on developing those skills through practice and experience.
- ICT warns against impulsive trading, emphasizing self-control and personal responsibility.
- The FOMC event is typically a two-stage event, with a large move initiating around 2 pm and completing between 220 and 235.
- Study the FOMC events with this in mind, but do not trade with a funded account.
32:34 - Manual intervention in financial markets, potential for collapse of market structure.
- ICT explains why manual intervention may occur in the market, citing events like Non Farm Payroll.
34:45 - Trading strategies and risk management.
- Trader warns of high risk of losing money during major events like Non Farm Payroll and FOMC announcements.
- ICT explains his trading strategy, focusing on the dollar index.
- He outlines the conditions for taking a trade, including market movement and price levels.
- The speaker criticizes the use of indicators in trading, arguing that they remove personal responsibility and decision-making.
- The speaker suggests that relying on indicators can lead to a lack of understanding of market momentum and direction.
41:56 - Trading psychology and the importance of a sober mindset.
- The speaker emphasizes the importance of understanding price action and using indicators in trading.
- The speaker warns that a lack of self-awareness and poor trading habits can lead to consistent losses.
- The speaker emphasizes the importance of understanding the adversities of trading and how to deal with them.
- The speaker recommends reading books on trading that focus on how traders handle challenges rather than how to make money.
- ICT emphasizes the importance of a sober mindset in trading, rejecting excuses and blame-shifting.
- He stresses the need for honesty and self-awareness in recognizing price action and making informed decisions.
50:38 - Trading strategies and avoiding common mistakes.
- ICT explains that current market conditions are not ideal for trading due to lack of high resistance liquidity runs.
- ICT emphasizes the importance of identifying low resistance liquidity runs for successful trading.
- Trader teaches students to wait for obvious market entries with low resistance.
- ICT is frustrated with students who don't listen and repeat mistakes.
- ICT warns against 15 contract trading without stop loss, overtrading, and ignoring his teachings.
57:34 - Forming session bias using four-hour and one-hour charts.
- Trader analyzes daily fear Vega and identifies low weight on chart.
- The speaker focuses on identifying the operating hours or "kill zones" for a specific market, using the four-hour and one-hour charts to determine the session bias.
- The speaker uses these identified operating hours to formulate a bias for the session, without considering other markets or timeframes.
01:00:59 - Psychological and emotional aspects of trading.
- ICT emphasizes the importance of accepting and learning from losing trades.
- Trader seeks help from respected mentor to address psychological and emotional issues driving trading decisions.
- The speaker struggles with external reasons for trading, leading to poor money management and a lack of satisfaction with profitable trades.
- The speaker's lack of self-worth and fear of failure hinder their ability to trust and follow trading procedures, leading to repeated mistakes.
01:07:44 - Struggling with trading and the importance of proper strategies and mindset.
- Michael struggles with feeling significant and worthy, leading to impulsive trading decisions.
- The speaker struggles with constantly doing things wrong and lying to themselves about cracking it.
- The speaker advises others to focus on making money through trading and not get distracted by other reasons.
- ICT emphasizes the importance of stop losses in protecting against larger losses.
01:14:12 - Market analysis and trading strategies using price action.
- ICT teaches how to identify market conditions and make informed trades.
- ICT emphasizes the importance of understanding market dynamics and anticipating price movements.
- ICT highlights two instances where the market showed weakness after failing to break above resistance.
- ICT emphasizes the importance of PD arrays in identifying market strength or weakness, with a weak market showing signs of lower prices.
01:20:43 - Market analysis and price movements.
- ICT explains the significance of a gap and the potential for higher highs.
- Trader discusses market analysis and potential for large range down day.
01:24:18 - Technical analysis and market structure.
- The speaker emphasizes the importance of identifying fair value gaps in price action, as this is a signature of Smart Money.
- The speaker believes that understanding where stops are located is crucial for predicting market movements, as it reveals the lifeblood of the market: liquidity.
- ICT: Market structure shift indicated by short position accumulation.
- ICT expects large ranges due to market damage and reduced liquidity.
- Smart money will look to take out low or relative equal lows to cover short positions.
01:31:42 - Price action and trading opportunities in the forex market.
- ICT discusses gap opening and trading levels in context of previous day's events.
- ICT discusses retail traders' mindset and potential stop loss placement in a breakout scenario.
01:35:53 - Trading strategies using time frames and fair value gaps.
- Trader observes sellside liquidity after large range down day, expects short covering rally.
- ICT analyzes market action and identifies potential retest levels.
- ICT explains how to enter trades based on fair value gaps and institutional order flow entry drills.
01:42:19 - Confirming price movements without visual aids.
- ICT: Focusing on key price movements, ignoring minor fluctuations.
01:43:43 - Trading NASDAQ with focus on gaps and volume imbalances.
- Analyst identifies weak link in stock price movement and suggests potential trading opportunity.
- ICT analyzes FOMC day trading opportunities, emphasizing buyside resting above midpoint.
01:48:08 - Market inefficiencies and potential trading opportunities.
- Analyzes liquidity and inefficiencies, seeking to springboard off support and reach the buy side.
- ICT identifies a potential trading opportunity in a gap between two candles.
01:53:37 - Trading strategies for a stock with a large range day.
- ICT assesses price action for potential trading opportunities.
- ICT wants to see a sweep of the low and a gap fill before taking action.
- ICT prefers to trade in the afternoon session after a large range day.
01:59:48 - How lottery winners often waste their money.
- ICT discusses how lottery winners often squander their money.
02:01:50 - Trading strategies and market analysis.
- ICT describes market action, highlighting buildup of short positions and failure to engage buy stops.
- ICT emphasizes patience and waiting for clear signals in trading.
02:07:23 - Trading strategies and market analysis.
- ICT is skeptical of shorting after recent price action, preferring to wait for a potential buy opportunity.
- ICT believes retail traders may be trying to short the market, but is unwilling to take on that perspective.
02:12:43 - Fan use and chart analysis.
- ICT grabs socks, adjusts ceiling fan for comfort while monitoring trading hours.
02:15:34 - Stock market efficiency and potential price movements based on volume and stops.
- ICT: expects stock to drop after reaching high, plans to secure positions beforehand.
02:17:23 - Trading strategies and scenarios.
- ICT discusses various scenarios and responds to questions on how to manage trades in real-time.
02:21:19 - Tape reading and trading in a low-resistance environment.
- I demonstrate trading strategies in real-time, showing smooth price runs and quick reactions to market movements.
- ICT observes low liquidity resistance on FOMC day, with price drifting lower.
- The speaker emphasizes the importance of practicing tape reading without using real money, as it helps traders develop their skills and build confidence.
- The speaker believes that men, especially younger ones, tend to struggle with this concept due to their desire to prove themselves, while women tend to be more pragmatic and focused on making money.
02:27:46 - Trading in high resistance liquidity environments.
- Trader identifies ideal trading conditions, avoids potential losses.
- ICT emphasizes the importance of studying hard market conditions and resistances, rather than trading in them.
- ICT analyzes a fair pay gap run and determines it's a nice bread and butter trade, but not with a live account due to FOMC tomfoolery.
02:33:14 - Trading strategies and risk management.
- Trader assesses risk and potential profit in a trading scenario.
02:36:17 - Recognizing low resistance liquidity runs in trading.
- ICT identifies conditions for low resistance liquidity runs by analyzing market behavior and economic calendar factors.
- Avoiding difficult trading conditions by understanding market profile and algorithm mannerisms.
- The speaker discusses the importance of identifying low resistance, liquidity run conditions in trading.
- The speaker emphasizes the need to be in control of oneself and not trade when conditions are not favorable.
- ICT outlines a potential trading opportunity in a stock, highlighting a bullish fair value gap and a potential entry and stop loss point.
- ICT emphasizes the importance of using the body of the candle to determine the narrative and make trading decisions, rather than relying on other indicators.
02:45:34 - Trading strategies using price action and order blocks.
- Ict teaches how to trade using his leaked videos, keeping some techniques guarded to avoid abuse.
- Ict uses mean threshold and retrace to identify bullish order blocks and predict higher prices.
- ICT emphasizes the importance of trading with a size that can be lived with in every fluctuation.
- ICT warns against using excessive leverage, citing the risk of losing control of trades.
- Trader discusses price action and potential for a bounce from a mid-range gap.
02:53:06 - Trading and navigating difficult market days.
- ICT expresses frustration with inexperienced traders who don't understand his methods and create sock puppet accounts to troll him.
- ICT plans to release a book in the second half of the year, confidently predicting he will reach the number one spot.
- ICT explains complex trading concepts to mentorship clients, emphasizing patience and understanding.
- ICT criticizes traders who seek instant gratification, prioritizing short-term gains over long-term success.
02:59:28 - Trading and the psychological aspects of competition.
- ICT believes market makers are vulnerable to being "devoured" and must maintain a wide gap to avoid pressure from below.
- ICT emphasizes the importance of mental toughness in trading, citing examples of successful traders who faced setbacks but continued to push forward.
03:02:52 - Trading strategies using price action and human nature.
- Trader discusses reading price action and predicting market movements without using any tools or automation.
- Trader identifies opportunities for shorting and buying in various markets based on market sentiment and price movements.
03:07:53 - Market manipulation and upcoming non-farm payroll event.
- ICT discusses manipulating traffic through controversial tactics, including trolling and creating mockery.
- ICT's YouTube channel offers free mentorship and profitable trading insights, despite past criticism and skepticism.
- ICT manipulates attention and expectations, using calculated moves to gain control.
- ICT plans to reveal secrets about Joel Robins and others, causing potential legal trouble.
- ICT expects dollar index to reach old highs and potentially use non-farm payroll as a factor.
03:14:36 - Financial markets, including Bitcoin and crude oil, with mentions of institutional order flow and past market events.
- Speaker discusses volatility in cryptocurrency market, mentions potential low and high targets.
- Speaker discusses potential for crude oil prices to reach $175 per barrel due to geopolitical tensions.
03:20:12 - Identifying fair value gaps in trading.
- Institutional order flow interviews require anticipating and entering gaps before they close.
03:22:24 - The potential regulation of funded account companies in the financial industry.
- The speaker believes funded account companies are unregulated and may be Ponzi schemes.
- The speaker predicts these companies will be gone in the near future due to regulatory action.
- The speaker criticizes the lack of regulation in the trading industry, particularly in forex and futures markets.
- The speaker believes that brokerage firms have unjustly received criticism for various reasons, including clients' poor trading habits.
- ICT warns of regulatory crackdown on traders, citing Biden's proposed 44% Capital Gains Tax and potential taxation of unrealized gains.
- ICT predicts manipulation and price moves will become more frequent as regulators seek to limit traders' profits, leading to a "snowball effect" across firms.
03:30:24 - Financial markets and central bank digital currencies.
- ICT predicts central bank digital currencies will replace traditional currencies.
- ICT predicts a "shitstorm" in markets this mid-summer to fall, despite Trump's inability to stop it.
- ICT emphasizes key levels and liquidity during lunch window.
03:36:51 - Central banks' control of markets and the importance of trusting oneself in trading.
- ICT emphasizes the importance of understanding price movements and risk management in trading.
- Fed Chair Powell's speeches are scripted, with little relevance to market movements.
- The speaker believes in being self-reliant and not trusting others for success.
03:43:15 - The importance of preparing for the future while acknowledging the uncertainty of life.
- ICT expresses frustration with people not taking action towards their goals due to uncertainty.
- Parent willing to sacrifice for children, but not the other way around.
03:46:40 - Financial preparedness for potential global crisis.
- The speaker emphasizes the importance of financial preparedness and self-sufficiency in the current economic climate.
- The speaker shares personal experiences of helping family members and friends who are struggling financially, despite having wealth.
- The speaker believes a nuclear bomb will be dropped in a major city soon, causing widespread panic and control.
- The speaker references the Fallout video game series and the Netflix movies released during COVID-19, suggesting a deliberate attempt to prepare the public for a nuclear event.
03:52:42 - Current events, fear, control, and preparation for unknown future events.
- ICT expresses frustration with government inaction and corruption.
- ICT predicts summer 2020 will be chaotic with fake alien invasions and government control.
- The speaker knew they were being used as a soundboard to share information (13 words)
- The speaker warned about a large theft and wealth transfer in 2020 (14 words)
04:00:42 - Faith, persecution, and the end times.
- ICT warns of impending economic crisis and central bank digital currency implementation.
- Pastor ICT discusses persecution of Christians and their faith in God.
- ICT warns of impending doom and spiritual transformation.
04:07:10 - Biblical giving and church practices.
- ICT retires from Inner Circle trader to focus on God and holy living.
- ICT emphasizes biblical giving and warns against 10% tithe.
04:11:39 - Personal profit, faith, and market trading.
- Peter emphasizes humility in trading and life, citing personal mistakes and dependence on God.
- ICT shares his motivations for creating content, emphasizing Jesus Christ.
- ICT wants to live a life focused on Christ, free from marketplace attention and wealth.
04:19:18 - Biblical prophecies and their fulfillment.
- The speaker believes that current events are fulfilling biblical prophecies, specifically Ezekiel 30 and 39, Psalm 83, and Daniel.
- The speaker emphasizes the importance of recognizing one's sinful nature and placing faith in Jesus Christ as the only remedy for sin.
- The speaker emphasizes the importance of faith in Jesus Christ and baptism in his name for salvation (Acts 2:38, 1 Corinthians 12:13).
- The speaker encourages listeners to read the Bible and seek God's presence in their lives, despite their imperfections and the lack of religious practices.
04:25:41 - Faith, spirituality, and trading.
- Pastor emphasizes Jesus' anti-religious stance, advocates for personal relationship with God.
- ICT shares personal experiences of hearing God's voice and having spiritual encounters.
- ICT creates YouTube videos to share faith-based ideas and encourages Berean study.
- ICT expresses gratitude for the opportunity to mentor and encourages the community to continue growing and learning.
- ICT plans to take down some channels and enforce copyright strikes against those who reupload his content without permission.
Transcription
| 1 | 00:04:03 --> 00:04:22 | ICT: Well, good morning. Good morning. Well, well well man I gotta tell you, you know I gotta get this part out of the way first, because I know some of you guys |
| 2 | 00:04:22 --> 00:04:33 | get your feelings hurt when I when I sprinkle it through the the discussions if it's a it's a live stream obviously it's unfiltered. I'm going to say words that |
| 3 | 00:04:33 --> 00:04:45 | probably aren't going to be good for children. You shouldn't be watching live streams around your children with their sensitive ears, especially knowing how I |
| 4 | 00:04:45 --> 00:05:02 | am I might be using some sentence enhancers every now and then. Especially when I'm trying to get a point across but the In the comments section, obviously, you |
| 5 | 00:05:02 --> 00:05:13 | guys are able to leave a comment. And for the most part, it's kind of like a sugar high. You know, it's almost like a diabetic coma. love fest, and you know, |
| 6 | 00:05:13 --> 00:05:25 | this is really awesome, I get to see it being a part of it live, and you're teaching it for free. And that's wonderful. That's great. Okay. What do I use it |
| 7 | 00:05:25 --> 00:05:39 | for? Because I'll see comments that are asking sincerely. Could you touch a little bit more on the topic of this particular concept, or this particular idea |
| 8 | 00:05:39 --> 00:05:53 | that you've expressed, or maybe a portion of a lecture like we've done in the last two days? The the interest, the sincere interest in understanding a |
| 9 | 00:05:53 --> 00:06:04 | specific dynamic, or an idea around a PDA array? Or when would you not consider a specific PDA array in this circumstance or that circumstance? Or if the |
| 10 | 00:06:04 --> 00:06:17 | economic calendar had this or an absence of this, you know, those are very sincere questions. And that's usually where I took all that type of answering |
| 11 | 00:06:17 --> 00:06:26 | and addressing those things in the long winded discussions. And then then there's other people that will leave comments like this, I'll say, I wish you |
| 12 | 00:06:26 --> 00:06:37 | would just get to the point and just tell us what we need to know. And they're usually the ones that aren't really followers of the channel. And they have like |
| 13 | 00:06:37 --> 00:06:48 | a paragraph of bullshit. And just morbid curiosity, I read it because they're entertaining to me. But that's the last time you get to see their post. In my, |
| 14 | 00:06:48 --> 00:06:55 | well, you can't see anybody's comments, it's for me to really see it. Because like I said, majority of and I've already proven this, I've done videos, where |
| 15 | 00:06:55 --> 00:06:59 | scrolling through the comments, you'll see a couple of them say scammer fraud |
| 16 | 00:07:04 --> 00:07:11 | can't do it live, you'll never live stream, you know, all that kind of stuff. But the majority of it is all basically like very, very appreciative. Thank you, |
| 17 | 00:07:11 --> 00:07:21 | and what they've been able to make money doing this and doing that, and that's cool. But I use it really as a sounding board for getting feedback for where I |
| 18 | 00:07:21 --> 00:07:31 | may have missed in terms of discussion points. And it helps me go into a later discussion, maybe another teaching and sometimes, you know, it's my personal |
| 19 | 00:07:31 --> 00:07:41 | private students that are actually comment. And they'll say it this minute marker on this particular video, or in the last few days, they'll say, what, |
| 20 | 00:07:41 --> 00:07:52 | what kept you from looking at this particular candlestick in regards to what you're expecting? But there's, there's comments that you get to make one time to |
| 21 | 00:07:52 --> 00:08:02 | me, okay, and then I just mute you. You can't be seen by me. You won't be seen on the channel. And basically, you're an asshat. an asshat is a clown that |
| 22 | 00:08:02 --> 00:08:15 | literally cannot see the obvious. I'll give you a case in point. I mentioned this yesterday. I cannot. Okay, I am not capable of fixing stupidity. Okay, |
| 23 | 00:08:15 --> 00:08:29 | stupidity is rampant right now. Okay. It's, it's been engineered by social media. They've cultivated this short attention span of a gnat. And the fine art |
| 24 | 00:08:29 --> 00:08:39 | of completely understanding and learning something, and applying your full attention to it is alien to these new generations. They're just completely |
| 25 | 00:08:39 --> 00:08:46 | oblivious to it. And I don't give a fuck if that offends you if you're one of them, because if you're here to learn, I'm literally giving you my time to do |
| 26 | 00:08:46 --> 00:08:58 | it. But if something's not happening, in between the last candle in the candles have been forming right now. And I have an opportunity to pull something in as |
| 27 | 00:08:58 --> 00:09:08 | just a conversation piece. That's my right to do that. I can I can do that. you filter it out, okay, I'm not going to filter shit. Okay, you're either going to |
| 28 | 00:09:08 --> 00:09:15 | be here because you want to be here, or you don't want to be here. Either way, I don't care. But I'm talking to the audience that wants to learn how to do this. |
| 29 | 00:09:15 --> 00:09:26 | So when individuals say, can you get to the point and start talking about, you know, politics, and talking about your personal stories. That's experience. |
| 30 | 00:09:26 --> 00:09:38 | That's how I learned to respect the risks that are that are elevated right now. But you don't know that because you want to have a 123 Give me this in real |
| 31 | 00:09:38 --> 00:09:48 | quick. So I can go on social media, and look smart in front of people. And that is, like I said, it doesn't work like that trading is too complex. And while we |
| 32 | 00:09:48 --> 00:09:57 | can do all kinds of things that simplify our focus on what we're looking for, and streamline just one or two approaches and get really dialed in with just |
| 33 | 00:09:57 --> 00:10:08 | doing that and trying to avoid errors. Every other possible way of trading. So that way it's not diluting your attention. I'm trying to show you and teach you |
| 34 | 00:10:09 --> 00:10:23 | what my problems were when I was coming up, how to avoid going through that same kind of stuff. Even if I tell you in one paragraph, one simple paragraph of |
| 35 | 00:10:23 --> 00:10:32 | trading, okay? This is what you do when you want to be a buyer, this is what you want to do when your seller, you're still going to fuck it up. Because you do |
| 36 | 00:10:32 --> 00:10:40 | not know all the other things, that's going to be an impact. Because you're oblivious, you're running forward, full steam ahead, thinking that you can't |
| 37 | 00:10:40 --> 00:10:50 | lose or won't lose, or you're going to be the exception to the rule. And I'm telling you, that's not going to happen for you. And you don't want to listen to |
| 38 | 00:10:50 --> 00:10:59 | good sound logic. So when I see individuals leave comments like that, and it was like four or five of them yesterday, or not all yesterday, some of them were |
| 39 | 00:10:59 --> 00:11:12 | this morning, before I came on, but I was going through them. And it's just like, the level of stupidity to try to say, Okay, tell me what to do. But don't |
| 40 | 00:11:12 --> 00:11:22 | tell me why I should worry about this or not worry about that. Just give me the actionable points. But don't give me any the logic behind why it could be |
| 41 | 00:11:22 --> 00:11:30 | trusted. Don't talk about the things that's going to come up in my mind, because I'm a human being, and it's going to be like it is for everyone else. As soon as |
| 42 | 00:11:30 --> 00:11:43 | you put a live trade on, folks, a wonderful thing happens. Your asshole starts to pucker every fluctuation that moves against you, you may not have a hard stop |
| 43 | 00:11:43 --> 00:11:54 | in that trade. And it's going to go start going towards a threshold in terms of money that you don't want to see coming out of your account. And then you're |
| 44 | 00:11:54 --> 00:12:04 | gonna be wishing you had put a stop loss on because now you don't know how far it's going to retrace. And you completely abandon the entire plan of what you're |
| 45 | 00:12:04 --> 00:12:13 | trying to trade. And if you were wrong, you're going to be willing to take a loss at this reasonable level. But you don't want to hear those things. Just |
| 46 | 00:12:13 --> 00:12:20 | tell me how to find the right order blocks, get the fuck at a ear. Seriously, get out of here. You're unteachable, you literally are communicating in the |
| 47 | 00:12:20 --> 00:12:30 | cleanest, simplest terms that you are not prepared to learn. You're not here to learn. You want something to go in and run off and write in an Amazon fucking |
| 48 | 00:12:30 --> 00:12:44 | book for $5 on Kindle, get the book out here, get out of here. So anyway, the other one was a response to me sharing the dollar index chart. Before I get into |
| 49 | 00:12:44 --> 00:12:54 | it my own personal private students do this sometimes do they like to Mother me, or be my father and say, you spend too much time addressing the negativity? No, |
| 50 | 00:12:54 --> 00:13:02 | actually, I'm having a sport of it because it allows me to get it right back to him and reminded that they're a fucking idiot. The chart and discussion about |
| 51 | 00:13:02 --> 00:13:20 | sellside Okay. Never came up in the dollar index. Go back and watch the first part in a second part. I told you it's very plain, it was not ambiguous. I said |
| 52 | 00:13:20 --> 00:13:34 | this is the higher timeframe monthly this is the weekly This is the daily it is finding support at that weekly consequent encouragement. It may drop a little |
| 53 | 00:13:34 --> 00:13:48 | bit it did that day. Did it leave that daily fair value got the break below it and close what No, we wanted to see it go higher. That focus was allowing you to |
| 54 | 00:13:48 --> 00:13:59 | as forex traders, to use that in conjunction with the Euro dollar in the POUND DOLLAR. So if the dollar is going to go higher, you want to be focusing on what |
| 55 | 00:13:59 --> 00:14:11 | for Euro and cable shorts. So you want to study price action and see what forms in price to allow or do a case study. How does the euro in the cable respond to |
| 56 | 00:14:11 --> 00:14:27 | the bullish PDF phrase in dollar and yesterday I watched with you live how it dropped down to the high of its daily fair value. At that moment, that's when |
| 57 | 00:14:28 --> 00:14:38 | euro was trading up into its sell side and bounce bounce on efficiency but leaving some of it open exactly what I was teaching. And then later in the day I |
| 58 | 00:14:38 --> 00:14:57 | gave you another entry technique where we use bounce price ranges and I even gave you the the idea of looking at a classic chart pattern which is a Island |
| 59 | 00:14:57 --> 00:15:11 | reversal that is not a Balanced price range, but I use it as a way of, for folks like myself have been trading for a long time. These old classic chart patterns. |
| 60 | 00:15:12 --> 00:15:21 | When we had, you know, open outcry markets, there was always gaps from where we stopped trading the previous day. And when we start trading the new day, we |
| 61 | 00:15:21 --> 00:15:32 | don't have that so much anymore. Now we do have new day opening gaps, which is between the difference of five PMS close, and at that one hour intermission, and |
| 62 | 00:15:32 --> 00:15:42 | they started back up at six o'clock. So that's a new day opening gap. That's why that's important. Now, before we went to electronic trading, it was every single |
| 63 | 00:15:42 --> 00:15:50 | day, you're going to use that opening gap and chances are there probably was going to be an opening gap, it may have gapped higher than the previous entire |
| 64 | 00:15:50 --> 00:16:01 | range of the previous day's time low, or it may gap lower at an opening below the previous day's high and low. And that gap is always going to be referred to |
| 65 | 00:16:01 --> 00:16:10 | in the same way that I used yesterday in the NASDAQ. And we're going to talk about all I'm going to go through all the things I want you to take away so that |
| 66 | 00:16:10 --> 00:16:17 | way, for the ones that don't take notes, I'm going to help you. Okay, we're going to take the short bus today. And when it literally hold you by your hand, |
| 67 | 00:16:18 --> 00:16:25 | and tell you exactly what you should have gleaned from everything. And then we'll give you some ideas about what might happen later in the afternoon, during |
| 68 | 00:16:25 --> 00:16:33 | FOMC, when I won't be with you, but I'll be watching my favorite live streamers and hearing what they think and what their chat window audiences suggesting my |
| 69 | 00:16:33 --> 00:16:50 | habit, and I'll be fading that. So when we look at the dollar index, and that dollar index is likely to go higher. I did not mention anything about sell side |
| 70 | 00:16:51 --> 00:17:01 | with the dollar index. It never ever came up. It never came up. It wasn't labeled in the charts. Okay, we were looking for price to go higher in dollar. |
| 71 | 00:17:01 --> 00:17:04 | So that is what it's a risk off scenario. |
| 72 | 00:17:05 --> 00:17:18 | Go back to day one. I stated when you're dealing with framing a daily bias, the first thing you need to look at is how the economic calendar is going to impact |
| 73 | 00:17:18 --> 00:17:27 | the ranges on the day. Is it going to be a landmine field of high impact and medium impact news drivers. That's what we had this week. That's exactly what I |
| 74 | 00:17:27 --> 00:17:38 | told you was going to be the reasons why we can't stick to a daily bias. So that was the whole long drawn out explanation as to why do not try to hold yourself |
| 75 | 00:17:38 --> 00:17:51 | to holding a daily bias abandoned abandon that and just simply trade intraday volatility, that means a session bias whatever you think maybe the next draw on |
| 76 | 00:17:51 --> 00:17:57 | liquidity for the morning session, whatever you think the next round of liquidity is going to be during the lunch hour macro, whatever you think the |
| 77 | 00:17:57 --> 00:18:04 | next draw on liquidity is going to be for the pm session, whatever you think the drama Quidditch on it being the last hour of trading, how many opportunities do |
| 78 | 00:18:04 --> 00:18:15 | you need, you just need one. And if the time you're looking at it, as I just mentioned, it's specific segments of the day, or London. If it's not clear to |
| 79 | 00:18:15 --> 00:18:23 | you, you don't do anything is sit on your hands. And then I go through the process of explaining how it's important for you to not feel rushed. But you're |
| 80 | 00:18:23 --> 00:18:31 | putting your fingers in your mouth, not all of you, but the ones that I'm talking to. I still care even though you're a dumbass. Okay, you're literally |
| 81 | 00:18:32 --> 00:18:41 | the very people I want to help. Because I was stubborn like that, in the beginning, I wanted to blame everything. When it was me. And when I finally |
| 82 | 00:18:41 --> 00:18:50 | pulled my fingers out of my ears, and just started listening to what my own results were telling me. These were the opportunities I think to address. You |
| 83 | 00:18:50 --> 00:19:03 | don't want to go three decades, okay? And not see the validity in the the value of the things I've literally given in the beginning for free. But because |
| 84 | 00:19:03 --> 00:19:11 | they're long winded. And it's boring to you, because you think it's all about making money right now, when the majority of what you're trying to learn is how |
| 85 | 00:19:11 --> 00:19:23 | to keep from losing money and feel comfortable not taking action, even if the market does move around. Those are very hard things to grasp and learn as a |
| 86 | 00:19:23 --> 00:19:31 | trader because the number one reason people get into this is They gamble. It's exciting, you might win a lot of money. And for some of you that are you know, |
| 87 | 00:19:33 --> 00:19:41 | in s&m you maybe sometimes like to get punished and spanked and lose a little bit. It gives you a thrill on it. I don't like to have that kind of thing |
| 88 | 00:19:41 --> 00:19:52 | happened to me. So I'd like to be very diligent about how I teach. I want you to have a very sober mindset going in. I want you to understand the risks. I don't |
| 89 | 00:19:52 --> 00:20:00 | sugarcoat shit around here. I don't do that. And unfortunately, that doesn't tickle your ass with a feather. It makes you feel like I gotta get Get to the |
| 90 | 00:20:00 --> 00:20:08 | point like right now some of you want to turn the video, good, go do something else go watch other people wreck their ass today on live streams, go do it, go |
| 91 | 00:20:08 --> 00:20:21 | do it and learn nothing from it. If someone takes the time to write a comment, or send me a message in TradingView, and they say something that I did not do, |
| 92 | 00:20:21 --> 00:20:34 | or state, and then stand on their high ground, thinking that they are superior on that talking point, and they're absolutely wrong, because I didn't say those |
| 93 | 00:20:34 --> 00:20:43 | things is not even in the live streams go back. I don't edit them. I don't delete them. I'm not afraid or ashamed of anything. I said in them. What I said, |
| 94 | 00:20:43 --> 00:20:55 | I said what I said, I stand by the beginning of the week, I stated with a gun to my head, I gotta say what I think my bias would be for Monday, Tuesday and |
| 95 | 00:20:55 --> 00:21:07 | Wednesday. And the tradable market I would be interested in was NASDAQ. I stayed that I wanted to see NASDAQ trade higher into a fair value gap between Monday's |
| 96 | 00:21:07 --> 00:21:14 | trading, and Wednesday, and I said it might reach up in here during FOMC. And if it does, that's something I'm just going to miss. Because I'm not going to trade |
| 97 | 00:21:14 --> 00:21:30 | ahead of FOMC. But because of the nature of the calendar that we are in, I'm not holding myself to a daily bias. I'm not saying I have to be right about the |
| 98 | 00:21:30 --> 00:21:40 | daily bias, I don't need to be because the volatility is gonna be there. So we can look for like we outlined yesterday, even in all the myths and the muddiness |
| 99 | 00:21:40 --> 00:21:49 | of price action. Right when everything started to do what it needed to do in terms of delivering price to that sell side. That's when you heard it. I |
| 100 | 00:21:49 --> 00:21:58 | outlined it right then and there and told you exactly how the market should behave. But prior to that, go back and listen, it's you're in no man's land, |
| 101 | 00:21:58 --> 00:22:08 | there's nothing to do yet. There's nothing to do nothing. But you're not listening to that. Those of you that want to get right to the point. The point |
| 102 | 00:22:08 --> 00:22:16 | is, is you're going to be watching charts like this. As long as you're trying to be a trader, or as long as you're going to trade the markets, you're going to be |
| 103 | 00:22:16 --> 00:22:26 | looking at these fucking candlesticks form. And sometimes they're going to be like paint drying or grass growing, and it's boring as hell. And there's nothing |
| 104 | 00:22:26 --> 00:22:36 | to do, you simply have to wait. And you go watch other live streamers, watch their chat window. It's a bunch of fucking children. It's like Romper Room in |
| 105 | 00:22:36 --> 00:22:44 | there. They're not watching the chart. They're watching and see what somebody else says. And I want to pay attention to that. They're like playing in traffic. |
| 106 | 00:22:45 --> 00:22:55 | It's just a bet. It's a matter of time, they're gonna get ran over. I'm not running a Romper Room. Do you see a chat window here? No. Because what I'm |
| 107 | 00:22:55 --> 00:23:02 | talking about is ceiling to the price action. And the conditions around that particular time of day, that trading day that week, that month, that seasonal |
| 108 | 00:23:03 --> 00:23:13 | tendency. All of that has something to do with why I'm even spending time with you. You're going to learn better. In the harder conditions. You don't really |
| 109 | 00:23:13 --> 00:23:23 | learn anything well, in the initial stages of your learning. When it's the easy salad days where the markets is obvious. It's obvious, you need to recognize the |
| 110 | 00:23:23 --> 00:23:34 | days that you are getting your ass handed to you. Because if you don't recognize what that looks like, in advance by the economic calendar, you're going to get |
| 111 | 00:23:34 --> 00:23:44 | wrecked. You're going to blow your account, you're going to lose. And if you're a live streamer, you'll delete your shift to try to save face. And people won't |
| 112 | 00:23:44 --> 00:23:55 | let you hide that it'll resurface, it'll be retweeted, it'd be relinked. It'll re upload. And they'll haunt you constantly. You don't want to be someone like |
| 113 | 00:23:55 --> 00:24:05 | that. You want to be able to say, Okay, I'm going to expect this in the marketplace. And if it doesn't deliver, it's okay. It's even more so better that |
| 114 | 00:24:05 --> 00:24:16 | if you don't take a trade, and you avoided that that's a skill set. You can't find that in books. I have lots of books, and it never addressed that shit. The |
| 115 | 00:24:16 --> 00:24:28 | things I talk about. They're the very things that every other major writer and author and trading educator never touches on. And it's the ones that listen to |
| 116 | 00:24:28 --> 00:24:36 | those types of stories are the ones that do very, very well in my, in my fold of my students. I have lots and lots of students. Some of them are very private, |
| 117 | 00:24:37 --> 00:24:46 | and they do fucking mad money, crazy fucking town money. And the other ones that want to be out in public guy. You see what they do, they bring their receipts, |
| 118 | 00:24:47 --> 00:24:58 | and I have lots of new people coming in. But the the constant delivery of you're gonna work your ass off. That remains true constant. I never make it sound like |
| 119 | 00:24:58 --> 00:25:07 | it's going to be easier for you because that's not the reality. But it pisses me off. When I see these individuals think that they're standing on some pseudo |
| 120 | 00:25:07 --> 00:25:16 | moral high ground, saying, Yeah, but you said buy side and sell side, one of them is gonna get hit you dumb shit. Nobody said anything, there was never even |
| 121 | 00:25:16 --> 00:25:25 | there wasn't even typed out nowhere in bucking the dollar index, the chart was the dollar index, it was gonna go up it reacted off of the daily fair value got |
| 122 | 00:25:26 --> 00:25:34 | its risk off. So if risk off is in play, that means dollar is going higher, that means your Euro dollar is going to drop, that means your POUND DOLLAR is going |
| 123 | 00:25:34 --> 00:25:42 | to drop, that means NASDAQ is going to drop that means s&p is going to drop that means Dow is going to drop that means bitcoin is going to shit the bed and shit |
| 124 | 00:25:42 --> 00:25:53 | the bed too. So how do you want to find the big news? Do you want to go on internet and play Nostradamus? Or do you want to be someone that's going to go |
| 125 | 00:25:53 --> 00:26:02 | through the details? Put your hands in the mud, get dirty with it. Watch hard days like this, watch hard weeks like this and feel what it feels like, |
| 126 | 00:26:02 --> 00:26:12 | internally, emotionally, psychologically? Are you wrestling with the desire to want to do something right now. Because if you feel that, you need to dress it |
| 127 | 00:26:12 --> 00:26:23 | and dial it the fuck back. You got to turn that shit down. Because that's exactly the very first step to you blowing your account. That's the first step |
| 128 | 00:26:23 --> 00:26:32 | that heightened state of I need to do something right now real quick, I'm missing out. Other people are doing this and doing that you already highlighted |
| 129 | 00:26:32 --> 00:26:39 | all of your problem points. You're impatient, you don't have a plan of action, you don't know what you're doing. And you're worried about everybody else and |
| 130 | 00:26:39 --> 00:26:49 | what they're trying to do. You have a grocery cart of shit that you need to put back on the shelf. None of that stuff needs to go on any further. No more |
| 131 | 00:26:49 --> 00:26:52 | looking for entry patterns until you address that stuff. |
| 132 | 00:26:54 --> 00:27:03 | Because that stuff is going to play you in no matter if it's me teaching you or somebody else that stuff is going to resurface. But you don't want to hear you |
| 133 | 00:27:03 --> 00:27:12 | talk too much about other shit. Get to the point. Listen to me, if you had that mindset, I really, really need you to listen. And I mean this sincerely. Go fuck |
| 134 | 00:27:13 --> 00:27:22 | yourself. And if that offends you, please unsubscribe. Don't ever watch my shit again. Because you're literally a fucking idiot. You're an idiot, you're doing |
| 135 | 00:27:22 --> 00:27:30 | everything wrong, and you're gonna fault everyone else for it. And I'm just not going to give you a stage for that. I'm not going to do it. I have too many |
| 136 | 00:27:30 --> 00:27:41 | people out there listening and doing it the right way. And you ignore that. I sit in here and I tell you what the markets likely to do. Why it shouldn't be a |
| 137 | 00:27:41 --> 00:27:48 | big factor right now why you shouldn't be in a rush to do something. Because these are all skills that you're going to have to have in your repertoire. When |
| 138 | 00:27:48 --> 00:28:01 | there's nobody sitting with you. When you're trying to do this all by yourself. You have to have these skill sets to tap into. This is how I was trained. This |
| 139 | 00:28:01 --> 00:28:09 | is what I'm supposed to focus on. This is what I'm supposed to not worry about. And these are the things I need to worry about. I need to worry about trying to |
| 140 | 00:28:09 --> 00:28:18 | move fast when I'm trying to make money. When you feel that little itch. Yeah, I was going to trade one contract, but fuck it, it feels really it feels really |
| 141 | 00:28:18 --> 00:28:32 | bullish, I'm going to build with five that's a that's a rule being broken. You're increasing risk on an impulse. Never ever, ever do that shit. That's, |
| 142 | 00:28:32 --> 00:28:41 | that's worse than adding to a loser. You haven't even gotten into the market yet. And when you change when you change your whole initial step, or when you're |
| 143 | 00:28:41 --> 00:28:49 | placing your foot in the water, you're like, if it's cold, or if it's shallow, or if it's got something sharp beneath the surface, I'm gonna say I'll find out |
| 144 | 00:28:49 --> 00:29:02 | once I jump in. And that's exactly what you'll repeat over and over and over again, beginning because you don't have any self control. And because you don't |
| 145 | 00:29:02 --> 00:29:12 | have self control, you're not going to have any personal responsibility. So it's going to be easy for you to say, well, you know, I tried that ICT shit doesn't |
| 146 | 00:29:12 --> 00:29:24 | work. Okay. Explain how everybody else is making money with it is making it work. They're more disciplined. They have personal self responsibility. They've |
| 147 | 00:29:24 --> 00:29:32 | gone through the hard lessons that you are thinking you're going to tap dance around it, you're not going to be the exception. You're not okay, so I had to |
| 148 | 00:29:32 --> 00:29:43 | get that out of the way for those who had to endure. Thank you. But we're going to look at some of the things I mentioned this week. In regards to what we'll |
| 149 | 00:29:43 --> 00:29:47 | first start with dollar because that's how we started this whole carnival this week. |
| 150 | 00:29:52 --> 00:29:59 | Hope you're doing well. I slept like a baby last night I actually didn't want to go to bed is really comfortable. So we're looking at a 50 minute time for it. |
| 151 | 00:29:59 --> 00:30:12 | Let's look at Daily real quick. Today's FOMC as a reminder, they're going to give a rate announcement later on. I'll probably repeat this again before I |
| 152 | 00:30:12 --> 00:30:25 | close with you. But for now, while your attention spans a little bit higher, hopefully FOMC generally is a two stage event. What that means is, whatever you |
| 153 | 00:30:25 --> 00:30:39 | see happen, going into the two o'clock hour, and delivered to going into 230, that's usually the fake move. So, not all time, something very, very rare. There |
| 154 | 00:30:39 --> 00:30:50 | are instances where the first move at two o'clock is just the first leg of the move. And then there's a small little retracement between 220 and 235. And then |
| 155 | 00:30:51 --> 00:31:04 | it continues to keep going in the same initial move. But that is so infrequent, it's so not likely that I always look for FOMC that behave many times like Non |
| 156 | 00:31:04 --> 00:31:13 | Farm Payroll. So this is also what you can do when you study Friday, when I won't be with you live 830. Eastern Time. Non Farm Payroll usually is a two |
| 157 | 00:31:13 --> 00:31:23 | stage event to it's usually initial move, but it's a shortened time, it's like really sudden, it's an initial move, and it does something the other direction. |
| 158 | 00:31:23 --> 00:31:33 | So they push people in one direction or knock people out of the trade that would be profitable later. And then they smoke everybody and take them the other |
| 159 | 00:31:33 --> 00:31:43 | direction progressively. That's a That's a classic Non Farm Payroll event, it's always been that way since I was looking at the markets in 1992. And for the |
| 160 | 00:31:43 --> 00:31:52 | most part, it's still largely does the same type of stuff not every single time. But more times than not, it's how it usually behaves. But FOMC is a two stage |
| 161 | 00:31:52 --> 00:32:02 | event, that means there's going to be a large move that usually starts going into two o'clock or initiates at two o'clock and complete somewhere between 220 |
| 162 | 00:32:02 --> 00:32:14 | and 235. And then it goes the other direction. Don't take my word for it today and plunge in trade, study it, observe it. Okay. And every single time we have a |
| 163 | 00:32:14 --> 00:32:23 | right announcement or FOMC event, you study it with that in mind. It's not an inspiration or an invitation for you to go out there and try to trade with your |
| 164 | 00:32:23 --> 00:32:33 | funded account with your Live account, none of that stuff. But they're wonderful resources to tap into for experience and see how the algorithm is allowed to do |
| 165 | 00:32:33 --> 00:32:45 | what it does. Or sometimes they completely go in and manually intervene. And you'll know that because when it does crazy town one sided, just like like it's |
| 166 | 00:32:45 --> 00:32:57 | super beyond exaggerated. That's manual intervention. algorithmically. It'll go in to a 1530 or 60 minute pool of liquidity. That's, that's reasonable. But if |
| 167 | 00:32:57 --> 00:33:05 | it goes beyond that, that's manual intervention. So I've answered a lot of questions right there that you may not be aware of. But the people that have |
| 168 | 00:33:05 --> 00:33:14 | asked that question, they'll have their answer. So that's why I talk a lot, you stupid Tucker's so the thought and for the folks that are sensitive here, I |
| 169 | 00:33:14 --> 00:33:25 | understand, I understand that it would be better if I didn't use that type of language. But sometimes, I don't have control over that. And that's a frailty on |
| 170 | 00:33:25 --> 00:33:36 | my part. That's why I'm not the best mentor. That's why I'm not a good teacher because I can't control my tongue at all times. So we're looking at the dollar |
| 171 | 00:33:36 --> 00:33:49 | index. This is Ed. daily fear Vega. Okay, see, here's the candles high. That candles low. That shaded area. When we were looking at it on Monday, I said it |
| 172 | 00:33:49 --> 00:33:59 | could drop down a little bit more it did, did it come outside of the fair value got whipped, but didn't close below? No. The focus was we want to see a child |
| 173 | 00:33:59 --> 00:34:14 | gravitate higher. Now, this entire market structure right here could completely collapse. And we could see dollar down in here today. Why? Because this event, |
| 174 | 00:34:14 --> 00:34:29 | much like Non Farm Payroll, listen, it invites the potential, a greater likelihood of manual intervention, that means the algorithm is turned off. And |
| 175 | 00:34:29 --> 00:34:41 | they say this is where we want it right now. And they take it there immediately. It's a straight line run right to it. It's untradable. You can't participate in |
| 176 | 00:34:41 --> 00:34:50 | it. It just simply demolish and wrecks everything. If you're in the way of it, or if you're in it and it's against you. You're getting crushed, murdered, |
| 177 | 00:34:50 --> 00:35:06 | pulverized and decapitated. So with those adjectives, do you want to trade it? I'm trying to be as good are responsible as I possibly can to highlight the |
| 178 | 00:35:06 --> 00:35:19 | level of risk that's associated with these two events, Non Farm Payroll, and FOMC announcements. It is such a gamble, it is such an unlikelihood that you're |
| 179 | 00:35:19 --> 00:35:31 | going to be consistent about being right about it, that you shouldn't do it simple. But it teaches a great deal about how markets seeks liquidity and or |
| 180 | 00:35:31 --> 00:35:41 | inefficiency. Because those two, those two things are still in operation there, they there's going far outside the normal realm of what would be considered |
| 181 | 00:35:41 --> 00:35:51 | normal volatility. To get into those inefficiencies, or to tap into that, buy side or sell side liquidity, I promise you the level you're probably looking at |
| 182 | 00:35:51 --> 00:36:02 | today, it's probably going to go right through that it's going to go right on through it. Like it wasn't even, you know, a problem before, like, it's like a |
| 183 | 00:36:02 --> 00:36:13 | hot knife through butter. And when you're brand new and trading, you don't number one, see that expected or understand that that's usually what happens. |
| 184 | 00:36:13 --> 00:36:25 | And when you have a big event that goes outside the realm of normal volatility, it's shell shocked if you lose money on that, that type of event where you lose |
| 185 | 00:36:25 --> 00:36:38 | money, that sudden quick pace like that, and the account is blown. It's so demoralizing. Even if you had the money to put into an account, you take a |
| 186 | 00:36:38 --> 00:36:47 | little bit of time to think about do I really want to do this again. And that scar tissue, that stuff that's going to plague you as a trader for ever, it'll |
| 187 | 00:36:47 --> 00:36:58 | never go away, I can still remember the losing trade of orange juice on my first one. And it hurts. Because I wanted my first adventure in this to be profitable |
| 188 | 00:36:58 --> 00:37:08 | in the first trade I did was a trade I didn't understand, which is what everybody does. Let's see what happens when I push the button. But you did it |
| 189 | 00:37:08 --> 00:37:19 | wrong or you raise your price. So when we're looking at the dollar index, we're looking for the market to continuously drive higher today. Now can it do it |
| 190 | 00:37:19 --> 00:37:32 | before FOMC, maybe, maybe during FOMC, the two o'clock hour, the first move is it runs up to tap into this. And then it folds that can happen. I can tell you |
| 191 | 00:37:32 --> 00:37:44 | these scenarios because I'm not going to trade ahead of FOMC, I will be looking to take a trade between 230 and 315. That's what I want to do today, my my own |
| 192 | 00:37:44 --> 00:37:52 | personal trading. That's what I want to do. And I won't be doing it with a fucking demo account. I won't be trading with a demo funded account. Okay, I'm |
| 193 | 00:37:52 --> 00:38:04 | going to be doing it with a real account. So it demands your attention as to what I'm going to cover today. Because if I'm willing to trade on the things I'm |
| 194 | 00:38:04 --> 00:38:14 | going to cover in today's discussion, you'll understand why I'm willing to do this. And you'll also understand the things that would negate that. What happens |
| 195 | 00:38:14 --> 00:38:21 | if it does this, then I won't take a trade. If it does this, I won't take a trade. But if it does this, this this and leaves these things in place, I will |
| 196 | 00:38:21 --> 00:38:32 | be looking to take a trade. That's logic. That's what you need as a trader. down close candles and saying here's the rules for order block. And here's the rules |
| 197 | 00:38:32 --> 00:38:47 | for fair value got all that stuff? That's just one cog, one little piece of the machine. It does nothing for you. You could have a Ferrari, have a Ferrari. And |
| 198 | 00:38:47 --> 00:38:57 | take one of the main components off the engine thing handed somebody can can they drive a Ferrari? No, they're holding an important part of that Ferrari. But |
| 199 | 00:38:57 --> 00:39:09 | the part that came off the Ferrari to the person that owns F right, they can't drive it. Why? Because it's missing something. One person holds one thing that |
| 200 | 00:39:09 --> 00:39:20 | has greater impact over the larger hole. But by itself that one little component can't do anything. But it's essential. And the newer students that that come to |
| 201 | 00:39:20 --> 00:39:31 | me, they expect immediate gratification and understanding the first time they look at something and that's not because there's a poor teaching approach is |
| 202 | 00:39:31 --> 00:39:44 | complex. It's a lot of moving parts to get a clearer picture about what may happen. Your indicator isn't going to help you filter all that stuff out. The |
| 203 | 00:39:44 --> 00:39:48 | only thing indicators do is give you a timing element |
| 204 | 00:39:49 --> 00:39:59 | to a decision that you're not really really making. You're saying okay, I'm looking at moving averages that are sloping down. So that means I'm bearish |
| 205 | 00:39:59 --> 00:40:10 | Okay, You've removed personal responsibility and you've placed it in the hands of crunching numbers. I'm not going to disparage that. I made money in the 90s |
| 206 | 00:40:10 --> 00:40:18 | doing that. But you have removed the personal responsibility of determining what the market momentum is going to be because you look at moving averages, |
| 207 | 00:40:19 --> 00:40:28 | wonderful. If it's bearish, that means the moving averages are pointing lower, and I'm using some really basic shit here and retail stuff. If you have an |
| 208 | 00:40:28 --> 00:40:38 | overbought oversold indicator we'll use a nine period, Williams percent are if it goes overbought, that means now you're gonna go short. I'm telling you not to |
| 209 | 00:40:38 --> 00:40:49 | trade like somebody, but I'm telling you that you're placing things that are outside yourself. You're not making the decision, you're letting math tell you. |
| 210 | 00:40:50 --> 00:40:58 | And numbers can be tortured. And they'll submit to anything you want them to say. You need proof, change the settings on your indicator you've ever bought |
| 211 | 00:40:58 --> 00:41:08 | might not be so overbought when you use a larger degree in terms of the period of range that is measuring a nine periods pretty, it's pretty quick. It's |
| 212 | 00:41:08 --> 00:41:19 | measuring about four and a half 4.5 rate of change. It's usually half or whatever the number is that you're using for the the the range multiplier. When |
| 213 | 00:41:19 --> 00:41:27 | it goes overbought, if you're an indicator person like I was when I first started, I would go short. If it was overbought, and moving averages, we're |
| 214 | 00:41:27 --> 00:41:43 | we're down on typing something that I don't really have an understanding about, because I'm trusting the math behind it. I'm deciding the direction, because I'm |
| 215 | 00:41:43 --> 00:41:57 | looking at moving averages. So it distracts me from requiring myself to make the decision about the direction and the timing of the entry. I'm not comfortable |
| 216 | 00:41:57 --> 00:42:09 | with that. And I'm going to submit this to you that you shouldn't be comfortable with that. There are times where if you understand how I interpret price action, |
| 217 | 00:42:09 --> 00:42:20 | how I teach my students to read price action. If you want to use indicators, they're going to start working for you then. And that's the part that people |
| 218 | 00:42:20 --> 00:42:29 | don't like when I talk like that, because it sounds like I'm being arrogant. But that's what I discovered. I discovered the times the conditions, the settings |
| 219 | 00:42:30 --> 00:42:38 | when indicators were going to work because think about you can buy a book. There'll be books written 20 years from now. And they'll talk about old |
| 220 | 00:42:38 --> 00:42:49 | horseshit retail patterns, moving average crossovers, overbought oversold stochastic divergence. All you need is a stochastics divergence, dude. Yeah, |
| 221 | 00:42:49 --> 00:43:02 | we'll do it live streaming. And these people just shut up real quick. But if you apply the the logic I'm teaching you, the indicators will suddenly seem like |
| 222 | 00:43:02 --> 00:43:13 | they're perfect. And what was missing in the beginning with me and why I believe the writers of these books don't show you them trading with it. They just give |
| 223 | 00:43:13 --> 00:43:22 | you static images where it worked in the past. And the old adages during the Gold Rush, the people that were digging for gold never got rich, but the people |
| 224 | 00:43:22 --> 00:43:37 | that sold pickaxes and pans, they're the ones that got rich. And that's why education, education makes a lot of money. And it's fast, easy money. But most |
| 225 | 00:43:37 --> 00:43:47 | of you that are trying to learn how to do this, most of you are going to fail, not because you weren't trained properly. Not that you don't have sound logic, |
| 226 | 00:43:47 --> 00:43:57 | because there's all kinds of things out there that you can make money with. But because you won't do the right things with the information in this culture that |
| 227 | 00:43:57 --> 00:44:07 | we have now is blame everybody but yourself. And you can't do that in trading. You can't you can't do those types of things. So if you have those tendencies, |
| 228 | 00:44:07 --> 00:44:18 | maybe you aren't somebody that leaves comments, or trolls other people and talk shit about them. Maybe you're not like that, but you feel the impulse to want to |
| 229 | 00:44:18 --> 00:44:25 | do but you say you know what, I'm a better person and I just don't do it, you still have an underlying problem. You need to address that because they will |
| 230 | 00:44:25 --> 00:44:35 | surface in your trading. I promise you they will absolutely surface in your trading. And it's always going to have some direct correlation to how you either |
| 231 | 00:44:35 --> 00:44:45 | lose your account or stay in continual perpetual drawdown. You might make a little bit of money, get back to breakeven and then drift lower never making |
| 232 | 00:44:45 --> 00:44:57 | profits. Because it's the way you're thinking in the way you're attacking. The process of being a traitor, you're holding on a lot of toxicity. And it's it's |
| 233 | 00:44:57 --> 00:45:12 | correctable, you can you can fix it But it takes a great deal of coping skills and replacement concepts like you can't focus on being a dick, you got to say, |
| 234 | 00:45:12 --> 00:45:22 | Okay, if I am trying to learn how to do this, I gotta give myself permission to know and understand it's going to take me longer than I probably wanted to do. |
| 235 | 00:45:24 --> 00:45:35 | And it's gonna be hard. It's not gonna be easy. But if I do this, for a couple months, I should see progress. Progress does not equate to profitability, does |
| 236 | 00:45:35 --> 00:45:44 | not mean consistently profitable, it just means that there is evidence to see these things are working, they may not be as frequent as you want them to be, |
| 237 | 00:45:44 --> 00:45:57 | because you're still fumbling through it. Because your aptitude, your experience is limited. The concepts are there every single day. The daily bias may not be |
| 238 | 00:45:57 --> 00:46:10 | correct, when you do the analysis. Did you lose money, if you didn't lose money, that's wonderful. That's you being wrong, and still not losing money. That is a |
| 239 | 00:46:10 --> 00:46:19 | skill set. That's the first lesson you're supposed to learn as a trader. Whereas the guys writing books about that shit. It's not they're not facetiously said in |
| 240 | 00:46:19 --> 00:46:31 | the past, I can write a book, How To learn how not to lose money. And it's probably going to be the best thing you could ever do to read it and apply it |
| 241 | 00:46:32 --> 00:46:43 | before you ever, ever tried to make money. Because the same things I fell victim to it. Many times when I was 27 year old, I repeated it over and over again, |
| 242 | 00:46:43 --> 00:46:50 | thinking I was going to beat it. Like, I'll do it, I'm going to do it slightly differently. But I'm gonna, I'm gonna go around that, I'll be able to avoid that |
| 243 | 00:46:50 --> 00:47:02 | wrong. And there's been lots of people out there that have tried to trade. And that's why I like those books. Jack Swagger wrote, Market Wizards. None of them |
| 244 | 00:47:02 --> 00:47:12 | tell you how to trade. I bought them originally thinking that that's what they would talk about. But I found that what I needed to hear was how they dealt with |
| 245 | 00:47:12 --> 00:47:20 | the adversities of trading. I don't care how much money they made, I don't care their best returns. See, that's what most people that's the Instagram |
| 246 | 00:47:20 --> 00:47:28 | perspective. The people that want to trade and learn how to do it themselves, learn how to do it, so that way, you gotta listen to me anymore. That's your, |
| 247 | 00:47:28 --> 00:47:36 | that's your motivation. Let me listen to this guy. I'm going to take everything he says I'm gonna apply it. And then once I know how to do it, I never need to |
| 248 | 00:47:36 --> 00:47:44 | fucking load this guy's ICT videos again, that's exactly what I want everybody to have. That's it. That's the mentality, I don't want you to come back to my |
| 249 | 00:47:44 --> 00:47:53 | fucking YouTube videos. I don't want to deal with that. I want you to learn it correctly. Know how to deal with it. How to live well in your own skin as a |
| 250 | 00:47:53 --> 00:48:03 | trader, assume the risks. Own the risks yourself. Don't blame me. Don't blame somebody else. Don't blame the market. If you made money, you did something |
| 251 | 00:48:03 --> 00:48:11 | correct. If you follow the rules, if you didn't follow the rules, and you made money, you're a fucking clown. You just gamble. There's no There's no difference |
| 252 | 00:48:11 --> 00:48:21 | between that and going out and buying a scratch off? Where there's no skill. And when you make money, wow, I'm lucky. No, you're not. That's a circumstance. You |
| 253 | 00:48:21 --> 00:48:29 | came in behind the person that didn't buy that ticket and you bought it. That's it. It's all you did. There was no skill in that you didn't think I was gonna do |
| 254 | 00:48:29 --> 00:48:45 | that. So these are the very sober mindset, central tenants that a trader needs to have. It's a no bullshit approach. It's no sugarcoating. It is what it is. If |
| 255 | 00:48:45 --> 00:48:53 | you make money and you did the right things, that's when you feel good about it. You don't beat your chest. You don't go out there on social media say I'm |
| 256 | 00:48:53 --> 00:49:05 | fucking the king of the world. But you don't let anybody shit where you live. What does that mean? You don't argue with them. You don't debate with them. Let |
| 257 | 00:49:05 --> 00:49:13 | them say what they want to say. And just cut them off. Because their, their, their shit perspective, you're not going to change it no matter how much you do |
| 258 | 00:49:13 --> 00:49:22 | for them. No matter how much you make in front of them, no matter how many times you prove it to them. They're broken. There's something inside of them that's |
| 259 | 00:49:22 --> 00:49:31 | broken. And I had a lot of students come to me from other people they tried to learn from they were broken. And I said this and paid mentorship lectures and |
| 260 | 00:49:31 --> 00:49:42 | I'm doing it here and it goes largely on listen to they don't want to hear it because they don't like the feeling of what it feels like to know that they are |
| 261 | 00:49:42 --> 00:49:43 | the problem. |
| 262 | 00:49:44 --> 00:49:56 | They want to hear someone say here's the solution and you can be a fuckup and still do well. Not in trading you can not hear you can not hear. That shit might |
| 263 | 00:49:56 --> 00:50:05 | float when you're in college and when you're in high school and grade school and you can get Leave with some dumb shit here, oh hell no, you will be punished. |
| 264 | 00:50:07 --> 00:50:18 | You will pay, you may not be able to afford what you have to pay. And you may not have the wherewithal to stick it out. But you have to have a sober mindset |
| 265 | 00:50:18 --> 00:50:29 | going in. And you have to be honest, if you're seeing the things in the price action, that means they really do exist. Just because you start noticing them |
| 266 | 00:50:29 --> 00:50:38 | doesn't mean that that should be the same level of understanding. So that way you go out and trade off of it next, there's a growth period there. And it's |
| 267 | 00:50:38 --> 00:50:47 | going to be different for all of you. And when I sit down, and yesterday was a perfect example. There are days when the market is literally just going to take |
| 268 | 00:50:47 --> 00:50:58 | off and start running. That's not a trend market. That's just a market that's going to be a very low resistance liquidity run. We don't have that right now, |
| 269 | 00:50:58 --> 00:51:12 | folks. Why? How do we how do we know when there is going to be a harder degree of free running price higher and lower? Before we even start trading? How can we |
| 270 | 00:51:12 --> 00:51:19 | anticipate conditions where there's going to be high resistance liquidity because high resistance liquidity runs are very hard to trade and you can make |
| 271 | 00:51:19 --> 00:51:26 | money in them. But you're going to get stopped out a lot, you're going to be frustrated with the length of time it takes before your trade overcomes the |
| 272 | 00:51:26 --> 00:51:34 | spreads and moves in your favor. And even when it does move in your favor, it'll move a little bit and then DT retracements move a little bit more than DT |
| 273 | 00:51:34 --> 00:51:44 | retracements. They're not fun. They take a lot of mental capital to hold in those types of trades. And I had done all the work that I spent in the last 30 |
| 274 | 00:51:44 --> 00:51:55 | years on how to eliminate trading those environments. And focusing on when the low resistance liquidity runs are going to be in play. What did they look like? |
| 275 | 00:51:55 --> 00:52:06 | That's an excellent, that's an economic calendar for the week that has maybe one or two high or medium impact news drivers, not what we had this week. The |
| 276 | 00:52:06 --> 00:52:15 | analogy I use when I was teaching paid mentorship. And the analogy I used when I started this week on Monday with y'all it's a landmine field, it will not be |
| 277 | 00:52:15 --> 00:52:25 | easy for price to go one direction and be sustained. You're gonna get banged around a lot. But eventually, when the higher impact news drivers are done, |
| 278 | 00:52:26 --> 00:52:36 | whatever's left in its wake, whether it be inefficiency or liquidity it hasn't been engaged it then the market will be free to run rather quickly and easily. |
| 279 | 00:52:37 --> 00:52:45 | And that's where you want to be focusing on trading. That's the reason why I talk to you about all these things. Because there is a greater appreciation for |
| 280 | 00:52:45 --> 00:52:55 | when you use the concepts I'm teaching in a climate and setting that you can know in advance, it's more likely to be in your favor than that of what we've |
| 281 | 00:52:55 --> 00:53:10 | seen now. I literally looked at a live streamer, still trading his funded account shit with 15 contracts in slop. And you can read their face. And they're |
| 282 | 00:53:10 --> 00:53:20 | just like they're they're stressing, they're stressing over it. I don't teach my students to trade like that. None of my lectures teach you to trade like that. |
| 283 | 00:53:22 --> 00:53:34 | I'm teaching you how to identify these hard times, still study in them. And that way, because you are seeing it when it's trapped in this consolidation, and it's |
| 284 | 00:53:34 --> 00:53:41 | not allowed to freely run with a low resistance. Look what you run at what is a low resistance, look what you're on, because you probably knew and you have |
| 285 | 00:53:41 --> 00:53:55 | never heard that expression before. When you can see a clear entry, maybe going long or going short. And your entry is so one sided, that it's so obvious, it's |
| 286 | 00:53:55 --> 00:54:08 | absolutely obvious that it's going to go higher or lower at that given time than you anticipated in advance. And there's an obvious inefficiency or relative |
| 287 | 00:54:08 --> 00:54:18 | equal high or low that it's going to aim for. It's just It goes without any second guessing. It's so overwhelmingly obvious. And you cannot describe how you |
| 288 | 00:54:18 --> 00:54:28 | could go the opposite direction and trade it. That is the very moment that I teach my students to wait for it. And the ones that don't wait for that. They |
| 289 | 00:54:28 --> 00:54:36 | know what it looks like they know what it is. But the ones that say I can't stand the wait for that. I have to do something else right now. They are the |
| 290 | 00:54:36 --> 00:54:44 | ones that send me emails. They're the ones that make videos and they talk to me in YouTube and private links and say, This is what I've done to myself and |
| 291 | 00:54:44 --> 00:54:57 | they're crying. And I want to reach into the video and grab them by the lapels and shake them and say why don't you fucking listen? You know how to do these |
| 292 | 00:54:57 --> 00:55:06 | things, but you don't want to listen you want Wanna find down through pain? You want to get the same scar tissue? Like we're all the band The Brotherhood? And |
| 293 | 00:55:06 --> 00:55:15 | here's my scar. I've got here's mine ICT No, no, here, look, I got a bigger one. Look at this, I lost my whole ass Look at this. You don't want to be a part of |
| 294 | 00:55:15 --> 00:55:23 | that club. You want to be able to build out the whole reason why I teach the way I teach. I want you to go through this process. So that way you don't suffer. |
| 295 | 00:55:25 --> 00:55:35 | You don't have, you don't have to have all this, this drama in your learning. You don't need to have all that. There's, it's completely avoidable. But Human |
| 296 | 00:55:35 --> 00:55:45 | nature being what it is. You can trade with 15 contracts, you're going to trade without stop loss, you're going to over trade and you're going to think that you |
| 297 | 00:55:45 --> 00:55:55 | know better. No, you will know better. After you wreck your account, and you lost your money. You'll know better that that was a dumb decision, or decisions |
| 298 | 00:55:55 --> 00:56:02 | that lead to the outcome. And then you'll hear my voice in the back of your head and then you'll hate me. Because you'll hear me saying the very fucking things |
| 299 | 00:56:02 --> 00:56:09 | that you just did. I said don't do those things. Because that's this is what's going to happen. And now you're stuck in that quagmire of now what do I do? Do I |
| 300 | 00:56:09 --> 00:56:18 | email this guy and say I didn't listen? Is he going to help me? Or is he going to tear my asset. And usually I'll say, This is why I teach this way. So that |
| 301 | 00:56:18 --> 00:56:26 | way, you won't be sending me this email. That way, you won't be the person sending me a video link that takes me to a YouTube channel where I see your face |
| 302 | 00:56:26 --> 00:56:38 | and listen to you talk. And I get to see the emotions because you didn't listen. You tried to do your own way. And that's what you get with these 20 year olds |
| 303 | 00:56:38 --> 00:56:51 | taking my concepts, my buzzwords, and they're reinventing things. They're saying things I've never said and marketing that. And that's, that's harmful to the |
| 304 | 00:56:51 --> 00:57:04 | audience. Because you're not teaching them anything that I taught. It is using the image the brand name, as a drawl, to get people to come to you. And the |
| 305 | 00:57:04 --> 00:57:12 | purest, the ones that just simply do what I taught. And they're out there trying to be drama marketing, they're not out there trying to war against everybody |
| 306 | 00:57:12 --> 00:57:22 | else, or stand against the machine and say I'm betting I'm the new Chosen One. They're the ones that are just constantly making money. And they're doing fine. |
| 307 | 00:57:22 --> 00:57:30 | They're having losses like anybody else would reasonably expect to have, but they're killing it. And then after you're showing it to you look at I did, |
| 308 | 00:57:30 --> 00:57:39 | because they don't need the attaboy addict girl, pat on the back, they don't need that. Their bottom line does that for them. So that was my part of the |
| 309 | 00:57:39 --> 00:57:54 | psychological stuff and also correcting the assets in my comments section. But this daily fear value get right in here. This fib number, this was the weekly |
| 310 | 00:57:55 --> 00:58:08 | fare Vega let me drop it into a chart, you'll see what I'm referring to. That's this candles high. See that? That's this candles low. And we drew that for |
| 311 | 00:58:08 --> 00:58:17 | consequent consequent courtroom purposes. So that was that low weight there. So we go back into a daily. That's that low. And that's why it's hitting that. And |
| 312 | 00:58:17 --> 00:58:28 | we mentioned how the bodies were staying inside that daily fear Vega. So in case you missed it, I like to look for those types of things on a higher timeframe |
| 313 | 00:58:28 --> 00:58:41 | chart. So whatever chart I'm trading on, or whatever chart I'm basing my bias on. In this case, since I'm looking for weekly and daily bias, it goes without |
| 314 | 00:58:41 --> 00:58:51 | saying that obviously refer to a weekly chart and a daily chart. But for a session bias. Let's say you want to be trading just the the morning session. And |
| 315 | 00:58:51 --> 00:58:57 | that's your business operating hours where you don't care what the market doesn't afternoon, you don't care what it does in London, you don't care what it |
| 316 | 00:58:57 --> 00:59:06 | does in Asia, these are the times that you can trade. And I only care about this. And what do I do? How do I formulate a bias for that session? It may be in |
| 317 | 00:59:06 --> 00:59:15 | agreement with the daily bias it may be against the weekly bias. It's just very, very short term. How do you arrive at that? Use the four hour and you use the |
| 318 | 00:59:15 --> 00:59:24 | hourly chart. That's that's your timeframes to determine the session bias. I don't care if it's London, I don't care if it's Asia, I don't care if it's New |
| 319 | 00:59:24 --> 00:59:36 | York, I don't care if it's you know, the lunch hour you're using with the four hours offering in terms of where's the next inefficiency it may be drilling to? |
| 320 | 00:59:36 --> 00:59:37 | Where did it come from? |
| 321 | 00:59:39 --> 00:59:49 | Where's it at right now? And what's it likely reaching for? It's only going to go up for my stops or it's going to go up into inefficiency. A very vague city |
| 322 | 00:59:49 --> 01:00:03 | of some sort in the offices said for when it's bearish on the four hour and one hour you're going to use that to frame out you Your session bias, whether it's |
| 323 | 01:00:03 --> 01:00:14 | like I said, The New York, the lunch hour, the pm session, the London session or the Asian session, four hour and one hour is same thing you watch me do this |
| 324 | 01:00:14 --> 01:00:22 | week with the weekly in the daily, that's what you're dealing with the four hour. And that's going to give you the bias for the session sessions are several |
| 325 | 01:00:22 --> 01:00:35 | hours long. And if you reduce it down to the very specific trading times, the operating hours or kill zones that I teach you, the setup will usually form the |
| 326 | 01:00:35 --> 01:00:45 | highest degree of formation is going to be in those set times. That's all your focus is limited to that. And you don't look at anything else you don't look at |
| 327 | 01:00:45 --> 01:00:54 | any other market, you don't look at any other timeframes. That gives you your bias for the session. And when you do it wrong, and you will you take the loss |
| 328 | 01:00:54 --> 01:01:05 | and you stop for the day, you don't go back in. That's a real hard thing to do. But that's something that everybody when they are learning how to trade, they |
| 329 | 01:01:05 --> 01:01:18 | need to learn how to take a loss, they need to limit it in not let it be too large. But also learning to go home and sleeping with a losing trade in your in |
| 330 | 01:01:18 --> 01:01:28 | your record of trades and your ledger. You go home with a losing trade a net loss day. And you need to feel what it feels like to come back the next day, |
| 331 | 01:01:28 --> 01:01:39 | follow your model and not have any influence placed on your next trade because of the previous day's losing trade. And you're trying to avoid that when I'm |
| 332 | 01:01:39 --> 01:01:47 | telling you that's a strength, that's a thing that you're going to need to tap into. Because eventually you're gonna have a losing trade, nobody has a perfect |
| 333 | 01:01:47 --> 01:01:56 | record. Nobody has that. And to even start your career as a student and trying to trade and learning how to trade or read price action. Assuming that you're |
| 334 | 01:01:56 --> 01:02:07 | going to be somehow capable of avoiding that moment, you might as well just get it out of the way. Let it just get out of the way. Flip a coin heads you're |
| 335 | 01:02:07 --> 01:02:17 | gonna buy tails, you're gonna sell risk a half a percent and just put it in. Whatever happens happens if it's a losing trade done. You can't feel bad about |
| 336 | 01:02:17 --> 01:02:25 | it, because you opened it up for that to happen. Now you broke the ice. Now you have to fix that drawdown. Now you have a real reason to be diligent about the |
| 337 | 01:02:25 --> 01:02:32 | next trade you're going to take. And if you win, we're good. Now you have exercise and saying, Well, that wasn't skill. So I can't place too much emphasis |
| 338 | 01:02:32 --> 01:02:45 | on that. Remember, this is a tug of war psychologically, and emotionally more so than it isn't an intellectual challenge. But everybody wants to elevate to |
| 339 | 01:02:45 --> 01:02:57 | intellectual challenge. And completely ignore the idea of how much of a emotional and psychological rollercoaster it is. And they mask their |
| 340 | 01:02:57 --> 01:03:10 | insecurities by pretending to be high IQ assholes on the internet. And then show in perfect form, that they're victims of psychological and emotional effects of |
| 341 | 01:03:10 --> 01:03:23 | trading and the public looking at them and their results. So there's a rhyme and reason why you're learning the way that I teach. And may be kicking and |
| 342 | 01:03:23 --> 01:03:32 | screaming, saying, I wish you would do it differently. When if you feel that way, you're probably being shown the very things I'm talking about. You're |
| 343 | 01:03:32 --> 01:03:44 | trying to hide that from yourself. No one wants to hear about character flaws that they have. Nobody wants to go to a counselor, or someone that has more |
| 344 | 01:03:44 --> 01:03:54 | wisdom and sit down and have them tell them everything wrong with them. Especially in today's culture. It's offensive to them though you you're racist. |
| 345 | 01:03:54 --> 01:04:06 | Oh, you're, you're you're supremacist. Regardless of what color your skin is, you're you're an elitist. You're something you know, you're trying to be |
| 346 | 01:04:06 --> 01:04:15 | something that is above everyone else. No. If you come to someone that you have respect for initially, and you ask them to help you and they observe the things |
| 347 | 01:04:15 --> 01:04:27 | that you're doing that are problematic, why wouldn't you want to take their counsel and their wisdom to heart? I would I would have loved to have someone |
| 348 | 01:04:27 --> 01:04:39 | show me what I was doing wrong to myself in all the things I was doing wrong in my trading. And I was pushing emotional psychological needs in my life that I |
| 349 | 01:04:39 --> 01:04:51 | didn't get answers to. And I was placing them in two trades and letting it be like a like a genie. You know, the market was the lamp and I'm rubbing the |
| 350 | 01:04:51 --> 01:05:00 | market to see if I can get the genie to come out in terms of profits and grant my wishes, which was the feels significant. Feel needed feel wanted in |
| 351 | 01:05:00 --> 01:05:10 | Appreciate it. And I wasn't trading for money. I wasn't trading to make money, I was trading, to feel better about myself. I wanted to feel better about who I |
| 352 | 01:05:10 --> 01:05:19 | was as a person. And that's the wrong reason for you or me or anyone else to want to trade. Because if that's the reason why, listen, what I'm about to say, |
| 353 | 01:05:19 --> 01:05:27 | I mean this wholeheartedly. And if you've experienced this, it's going to resonate with you. When you go into the marketplace with external reasons, while |
| 354 | 01:05:27 --> 01:05:38 | you're trying to take a trade, or while you're trading at all, the pain of losing money is not going to be large enough for you to fear or respect it, and |
| 355 | 01:05:38 --> 01:05:48 | you sound money management, you're willing to lose everything, just for that one time to get it right. And that one time getting it right may not even be that |
| 356 | 01:05:48 --> 01:06:00 | much in terms of a win. But that win is the underlying reason why you're trying to do any of this. You have no idea how many times I've wept with my journals. |
| 357 | 01:06:01 --> 01:06:11 | Because I was seeking something that the market was never going to give me. And I kept diving into it, wanting it to do that very thing in the money was just in |
| 358 | 01:06:11 --> 01:06:21 | the way. Even when it was profits, it was still in the way, because it wasn't still giving me what I wanted, I can make lots of money. And that profitable |
| 359 | 01:06:21 --> 01:06:38 | trading never satisfied me. It never gave me what I was looking for. And when I lost, even losing accounts, it did not hurt. Not enough. Not enough for me to |
| 360 | 01:06:38 --> 01:06:48 | take inventory and say, hey, look, I'm doing this wrong. I'm doing it for reasons outside of investing. I'm not doing it for trying to build wealth, I'm |
| 361 | 01:06:48 --> 01:07:00 | doing it because I need to feel better about myself. Because I was skirting on that very thin line of do I want to be here anymore? And if I can get an answer |
| 362 | 01:07:00 --> 01:07:17 | to feeling worth it? Am I worth it? You're placing yourself in an equation where the answer is never going to be satisfying. And that loop that you constantly |
| 363 | 01:07:17 --> 01:07:24 | put yourself through. That's what tears you down. And you keep telling yourself, you don't deserve to be successful. That's why you're not successful, that |
| 364 | 01:07:24 --> 01:07:31 | you're a failure because you deserve to fail. You don't deserve to be successful. You don't deserve it. So you don't do the very things that the |
| 365 | 01:07:31 --> 01:07:41 | procedures and routines and processes that are are given to you. You don't put them to work and trust that they will do the right things for you over time if |
| 366 | 01:07:41 --> 01:07:50 | you submit to them. Everybody has a bad day. Everybody has a relationship that actually everybody would say, lasses. They have a wonderful marriage, they have |
| 367 | 01:07:50 --> 01:08:03 | a wonderful relationship. But they're not in there when you're having marital marital disagreements arguments, Spats, that's the word I was looking for. |
| 368 | 01:08:05 --> 01:08:18 | Because you manage it. The outside world do not obligate this show the outside world through personal life. But everybody has these adversities. But I have |
| 369 | 01:08:18 --> 01:08:30 | found in me as Michael the person when I was 20 years old, I needed to feel significant. And I think that that is something that plagues a lot of |
| 370 | 01:08:30 --> 01:08:38 | individuals. And they wrestle with it. They don't want to admit it. Because they feel that that's a weakness. It's not a weakness, it's strength for you to be |
| 371 | 01:08:38 --> 01:08:49 | able to say, I have a character flaw that I'm having a real hard time overcoming. I want to be significant in my own eyes. Because everybody could |
| 372 | 01:08:49 --> 01:09:00 | say, wow, you're awesome, you're this You're that in America Online. They were doing it. But it wouldn't feel it. It would not fill that void. That need I |
| 373 | 01:09:00 --> 01:09:13 | needed to have to feel significant. Wanted appreciated worth. And that's what kept me losing my accounts, I would blow the account, work real hard, get second |
| 374 | 01:09:13 --> 01:09:26 | jobs, put the money in the account and do the same thing over again. Not understanding what I was trying to do was impossible. It was impossible for me |
| 375 | 01:09:26 --> 01:09:37 | to try to get the outcome I was aiming for doing what I was doing. Breaking rolls, not using stop losses, risking 10 12% of my account, sometimes 20% of my |
| 376 | 01:09:37 --> 01:09:37 | account |
| 377 | 01:09:40 --> 01:09:51 | because I wanted to I wanted to win something I wanted to slay a dragon I wanted to conquer something because in my mind that would be formidable. I'm worth it. |
| 378 | 01:09:51 --> 01:10:02 | I earned that then. I didn't do it like everybody else. I did it my way in my way while I was ignorant of how the markets delivered price and how they behaved |
| 379 | 01:10:02 --> 01:10:16 | and booked. I was in that loop of constantly doing things all wrong, and lying to myself saying I'm going to eventually crack it by doing this dumb stuff. And |
| 380 | 01:10:16 --> 01:10:26 | you need to be reminded sometimes, in a lot of you don't want to hear it. But if you if you suffer from this type of thing, and you wrestle with it, you got to |
| 381 | 01:10:26 --> 01:10:37 | put it down, you got to just relax and say, You know what, I'm going to do this, the way it's been taught, and I'm going to submit to it. And the results I get |
| 382 | 01:10:37 --> 01:10:46 | will be honest, there'll be directly linked to the processes I'm following, and not mean muddying the water by doing things that are outside the parameters, the |
| 383 | 01:10:46 --> 01:10:56 | scope of what the lectures and lessons are, and what it is that you're doing it for. If you're not trading to make money, you're doing everything wrong. Because |
| 384 | 01:10:56 --> 01:11:06 | there's no other reason to do this. And if you trade for the purposes of making money, that means your focus will be on not losing it. If it's about being a |
| 385 | 01:11:06 --> 01:11:16 | superstar on social media, you'll trade in, have a trade off with no stop loss, and lose $30,000. And delete the stream. And pretend it didn't happen. But the |
| 386 | 01:11:16 --> 01:11:25 | whole world knows otherwise. All these things that people will do things like that they're wrestling with it, too. But they'll deny it, they'll lie, they'll |
| 387 | 01:11:25 --> 01:11:35 | say the ark, and they are. And they won't listen to good sound counsel, saying from someone that's done to this is what you're suffering from. This is how you |
| 388 | 01:11:35 --> 01:11:47 | fix it. But they're going to continuously do what they want to do, thinking that it saves face in the pub guy, and never grow better as a trader, or educator or |
| 389 | 01:11:47 --> 01:11:57 | social media influencer, or public figure or whatever it is they want to be. But trading should only be done because you want to make money. And when you trade |
| 390 | 01:11:57 --> 01:12:09 | with that in mind. You'll care about the money. When it's the losing, you don't care about it when you're profiting. That sounds like doesn't make any sense. |
| 391 | 01:12:11 --> 01:12:22 | Like, wait a minute, I'm supposed to not care about the money when I'm making it. But I'm supposed to care about the money when I'm losing it. Yes. Because if |
| 392 | 01:12:22 --> 01:12:31 | you're doing what you're supposed to be doing, you have the right sound logic behind it. The money making part of it will work itself out. You're always going |
| 393 | 01:12:31 --> 01:12:39 | to be able to look at it and say I didn't earn enough in history because I got out too early. I didn't have enough on in terms of contracts or lot sizes. If |
| 394 | 01:12:39 --> 01:12:51 | you're trading Forex, there's always a way to beat that end result in profit up you'll always find a way to beat that up. But how many times have you ever said |
| 395 | 01:12:51 --> 01:13:02 | to your losing trade? I'm glad I only lost this much. You look at it like it was sleeping with your spouse. That you call it cheating with your spouse. You son |
| 396 | 01:13:02 --> 01:13:11 | of a bitch. Look what you did to me. You wrecked everything homewrecker. And it takes you into a tailspin. You go out into a drinking drug using binge and then |
| 397 | 01:13:11 --> 01:13:23 | you end your life. Metaphorically speaking, you blow your account as a traitor. Go into a tailspin start trading recklessly, because of one small little loss |
| 398 | 01:13:23 --> 01:13:35 | one paper cut one reasonable transaction that like insurance, nobody wants to use their car insurance or house insurance. But when you use it, you'd like to |
| 399 | 01:13:35 --> 01:13:48 | have it. Well, that's your stop losses, therefore, you pay it good money. But you want to pay it reasonably well, but not more than this necessary. And accept |
| 400 | 01:13:48 --> 01:13:59 | the fact that when you have it go to work for you. It's done its job. It's protected you from a larger loss. And all these things are central to being |
| 401 | 01:13:59 --> 01:14:12 | consistently profitable, and well rounded as a trader. And not enough is said about it. Not enough. Everything else is about how you make a lot of money. How |
| 402 | 01:14:12 --> 01:14:26 | you can afford to buy things that other people really don't give two shits about. So when I teach you and what I've taught you this week, I'm wanting you |
| 403 | 01:14:26 --> 01:14:39 | to experience what it's like to be in hard market conditions. And you watched me explain to you that there's nothing to do yet. There's nothing to focus on |
| 404 | 01:14:39 --> 01:14:52 | beyond what we're looking at right now in NASDAQ, but that daily bias on NASDAQ that may not pan out even after today and going into non farm payrolls. It may |
| 405 | 01:14:52 --> 01:15:05 | not even go up there. It may just keep on trading lower. Okay, did I Lose on a trade now, in the public's eye, some of you may say, and I didn't see anybody in |
| 406 | 01:15:05 --> 01:15:14 | the comment section mentioned this, by the way, so I'm bringing it up, in case you missed it. The daily bias that I was holding for Monday, Tuesday and |
| 407 | 01:15:14 --> 01:15:26 | Wednesday, I wanted to see NASDAQ. I wanted to see if he could reach up into this fair value got touched the low, or the lowest quadrant, and maybe half of |
| 408 | 01:15:26 --> 01:15:41 | it. And then, based on that, that'll tell me what I want to see going into Non Farm Payroll. Post FOMC. That's, that's basically what I was looking at. But |
| 409 | 01:15:41 --> 01:15:54 | look how it traded yesterday. You'll hear me in the live stream yesterday, describe how the two levels I was interested in. Either one of them was going to |
| 410 | 01:15:54 --> 01:16:04 | be the catalyst for the other side to be tagged. That's not a breakout trader, that's me, engaging sell side expecting it to go up to buy side. That's not |
| 411 | 01:16:04 --> 01:16:11 | breakout. That's not I'm not a breakout trader, that somebody doesn't know what they're doing. If it will went to the buy side first, and I would expect it to |
| 412 | 01:16:11 --> 01:16:19 | go for those specific sellside. That's exactly what I was describing yesterday. There's no ambiguous way of looking at it. That's exactly what I was expecting. |
| 413 | 01:16:20 --> 01:16:29 | That's what I wanted to see. But I preferred the initial sellside. First, I wanted to see that it didn't pan out that way. And it didn't even go to the |
| 414 | 01:16:29 --> 01:16:38 | buyside itself is just fell short of hitting it. And then we watched how multiple times it went up there intraday, making swing highs and dis coming back |
| 415 | 01:16:38 --> 01:16:51 | down. And everything on the upside. Every time it tried to rally, it was creating jaggedness in that smart money, tossing short positions and all of |
| 416 | 01:16:51 --> 01:17:01 | that. Listen to what listen to what I'm saying, when price is doing what it's doing yesterday. You'll have to listen to some stuff about the college's I make |
| 417 | 01:17:01 --> 01:17:19 | one comment about it and everybody lost your frickin mind. They're probably blue haired. This this skill set requires you to think in a way where who in the |
| 418 | 01:17:19 --> 01:17:29 | market right now is going to be targeted next, who's the who's the mark right now. Because if you don't know who the market is, you're the mark, you're the |
| 419 | 01:17:29 --> 01:17:40 | victim that's going to going to be wrong or lose money next. So that's what I was teaching you yesterday live until it trades to the buy side or till it |
| 420 | 01:17:40 --> 01:17:56 | trades the sell side, I do nothing until more information is given to me. When we are inside that silver bullet our between 10 and 11. That fair Vega that are |
| 421 | 01:17:56 --> 01:17:57 | highlighted. |
| 422 | 01:18:10 --> 01:18:21 | Right in here, when they started showing an unwillingness sub one minute, this is a one minute chart, but the bodies were telling us Uh, hey, look, you know, |
| 423 | 01:18:22 --> 01:18:34 | we're having a real hard time getting out of this to the upside. After we've seen the low taken here, rally and failed. And then that low taken there. So |
| 424 | 01:18:34 --> 01:18:44 | then we have two times the market has shown its hand that it's going to go lower. We've had multiple times trying to trade up. I told you about them the |
| 425 | 01:18:44 --> 01:18:55 | opening range. I said, anytime I have a PDA array, and I rung in, grabbed the ones about their nose, that like to take things out of context when I was doing |
| 426 | 01:18:55 --> 01:19:07 | Twitter spaces. And I would call out individual one minute candles and say notice that this candle here that's not an entry. I was teaching how to look at |
| 427 | 01:19:07 --> 01:19:18 | price and refer to these price points. That's all that was. Same thing happening in a live stream. But if I if I call on a specific PV array, and it doesn't |
| 428 | 01:19:18 --> 01:19:29 | completely fill it in, if it's inefficiency, like affair Vega, and it doesn't even go to its halfway point consequent encouragement that's telling you |
| 429 | 01:19:29 --> 01:19:43 | something. It's showing you its weakness or its underlying strength and you want a market that's predisposed to go lower to show you a weakness. That's one of |
| 430 | 01:19:43 --> 01:19:58 | the strongest things you can see in terms of using my PD arrays. It measures the strength or validity of the next subsequent move. Much like I taught when I say |
| 431 | 01:19:59 --> 01:20:07 | if the markets gonna go Go down, I'd like to see it take out by stops first. Because if it does that, and I'm bearish that I knew I have a big move coming. |
| 432 | 01:20:09 --> 01:20:22 | Because they have unseated someone and took that position over at a higher price, there's only one reason to do that. Their greed, they need to be placed |
| 433 | 01:20:22 --> 01:20:31 | in a higher price and a premium. And then they're gonna let the market move lower and they'll distribute in a discount below some old low or old lows, or |
| 434 | 01:20:31 --> 01:20:40 | inside of inefficiency. That's in discount. But I mentioned with the opening range, and I'll draw that here because I do have regular trading hours on the |
| 435 | 01:20:40 --> 01:20:50 | chart right now. This is what we were looking at where we closed or settled previous session. And where we opened |
| 436 | 01:20:55 --> 01:21:08 | that little marker here that's equivalent to what will be the Fibonacci halfway consequent coachmen. Look what's happening here, it digs above it reaches real |
| 437 | 01:21:08 --> 01:21:22 | high body stayin within the range of the first pass higher. Even though we went higher, that's not higher, high, higher low, I'm gonna keep going higher. Go |
| 438 | 01:21:22 --> 01:21:34 | back and watch your favorite live streams. They were looking for higher. We were sitting still waiting. I expected to see it trade to the halfway point of that |
| 439 | 01:21:34 --> 01:21:45 | gap. That's this level right here. When it was down here. I said that the highest probable price when we have a gap lower is the the reach up into the |
| 440 | 01:21:45 --> 01:21:54 | halfway point. And then we have to see how it trades there. What does that mean? Well, what I'm explaining to you here, the first pass here, look what the bodies |
| 441 | 01:21:54 --> 01:22:04 | are doing. Yeah, we closed above the consequent encroachment, then drop down and read once more, we whipped above that high. But were the bodies giving you any |
| 442 | 01:22:04 --> 01:22:14 | confirmation that that was a higher high? Remember the wicks due to damage? What was it doing with? What type of damage? Is it doing? Knocking out anyone that |
| 443 | 01:22:14 --> 01:22:27 | went short here to hit a stop loss just above it? Why don't we want the opening range to be filled entirely or close the gap as as the expression is when we're |
| 444 | 01:22:27 --> 01:22:38 | bearish? Because if it can't fill the gap, that means we're really, really bearish, then that means what if we take out that low listen to the commentary. |
| 445 | 01:22:38 --> 01:22:49 | If we like if we take out that low, then we're likely to have a large range down day. Those are my words. That's what's in the commentary yesterday. But you're |
| 446 | 01:22:49 --> 01:22:59 | not listening for that. You're not taking notes, but it's there. I'm not editing anything. I didn't really upload anything. I'm certainly not able to hide it. So |
| 447 | 01:22:59 --> 01:23:07 | when I'm talking about specific PDA raise or buy side and sell side, I'm not bracketing and strangling the market or straddling the market rather, and |
| 448 | 01:23:07 --> 01:23:18 | waiting to be able to say see it hit that one. So therefore I'm right no when I do that, that was in the context of the commentary I was given at that given |
| 449 | 01:23:18 --> 01:23:30 | moment. We were looking for higher prices on dollar. We were not looking for lower prices on dollar. It went to its Beisa moved higher after hitting its |
| 450 | 01:23:30 --> 01:23:47 | daily fare a gap high. And then euro and cable fell out of bed NASDAQ traded below its relative equal lows. That's that's the one I said I want to did that I |
| 451 | 01:23:47 --> 01:23:56 | said I'm done. I will be done for the day. I would turn my charts off and go do something else. Why? Because of the nature of the calendar. And then when this |
| 452 | 01:23:56 --> 01:24:14 | wild return all we back up to what level were to go back to where the bodies at consequent curtailment of the opening range gap. The gap didn't get filled. This |
| 453 | 01:24:14 --> 01:24:27 | is the remaining portion of that gap. left it open. That's exactly what you want to see. You don't want to see bullish orderbox trade below its mean threshold or |
| 454 | 01:24:27 --> 01:24:39 | halfway point you don't want to see that. You want to see the upper half that's that's the that is the secret to it. Fair Value gaps you do not want to see a |
| 455 | 01:24:39 --> 01:24:51 | inefficiency closed in entirely you don't want that. You don't why? Because it's telling you it's got some place to be in ain't worried about nickel and diamond |
| 456 | 01:24:51 --> 01:25:01 | the the price ranges that are left open. That's the signature that Smart Money looks for. That's what they're looking for. They're looking for that they're not |
| 457 | 01:25:01 --> 01:25:10 | looking for pennant patterns, they're not looking for harmonic patterns, they're not looking for bullshit. They're looking for measurements with their charts |
| 458 | 01:25:10 --> 01:25:21 | that tell them, this is telling me, we're done. I'm waiting for price to get into this range of inefficiency, or take out this high, you don't need a depth |
| 459 | 01:25:21 --> 01:25:34 | of market, you don't need a it's probably good that I don't remember the company's name. There's, there's lots of different applications and resources |
| 460 | 01:25:34 --> 01:25:44 | out there, where they show you supposedly where large pools of orders are resting above and below certain price levels. You don't need that. In the |
| 461 | 01:25:44 --> 01:25:56 | beginning, it's useful to communicate the idea. But you'll see quickly that the highs and the lows are in your chart. Like you can see him they're not hiding. |
| 462 | 01:25:57 --> 01:26:06 | And I used to facetiously say on, on baby pips, you know, I can see your stop. And just by me saying that I could gauge the level of maturity of the traders |
| 463 | 01:26:06 --> 01:26:15 | that were conversing with me when we had the chat room. And you're like, how do you know where my stop is? Like, it's some mystical bullshit, right. But really, |
| 464 | 01:26:15 --> 01:26:22 | what they're saying is, I don't know how to read charts, I don't know how to read price action. And that is telling that that's very telling in an |
| 465 | 01:26:22 --> 01:26:29 | individual, because if you don't know where the stops are, then you don't know where the markets gonna go, because that's where it's gonna go. That's the |
| 466 | 01:26:29 --> 01:26:38 | lifeblood of the market. liquidity. Without liquidity, there's no trading going on. None, zero zip. There's got to be a buyer and a seller. So how can we know |
| 467 | 01:26:38 --> 01:26:51 | with great assurance where the buyers and sellers are going to be at by studying what prices recently done? Where's it at right now? And where is it likely |
| 468 | 01:26:51 --> 01:26:58 | reaching for? And if you have those three things understood and near sometimes when you're not going to know that yesterday, when we were and all this mess in |
| 469 | 01:26:58 --> 01:27:05 | here, I didn't know if we're going to run to the buy side. And I didn't know we were gonna go to the sell side. First. I wanted to see sell side taken first, |
| 470 | 01:27:06 --> 01:27:17 | because then that would have gave me conviction to try to trade for the full closure of the gap. Why? Because it ran sell side. And the obvious would be |
| 471 | 01:27:17 --> 01:27:27 | completely closed in the inefficiency and then wait for FOMC to then roll over lower. That's what I would have said, but I'm telling you everything I would |
| 472 | 01:27:27 --> 01:27:36 | have done if it would have done that. Because it didn't happen. That's unfortunate, but I gave you when we were right here. Alright, we're about the |
| 473 | 01:27:36 --> 01:27:51 | rollover, because everything is indicating that we have done all the work up and failed. Look at the bodies. Okay. Here's your body. On that so high, this wick, |
| 474 | 01:27:51 --> 01:28:03 | the bodies there are lower than that, you see that? Look at the bodies here. It's lower than those bodies. Those bodies here are lower than that. What's |
| 475 | 01:28:03 --> 01:28:13 | actually occurring their smart money is accumulating short positions. That's what that indicates. Find that your fucking books find that rebranded from |
| 476 | 01:28:13 --> 01:28:22 | anyway. It's not out there it is now it'll be in every book on Amazon now. But that's what you're reading, you're waiting for that. And when you see these |
| 477 | 01:28:22 --> 01:28:31 | swing lows being taken out relative equal low swing low taken that mean that right there tells you that we have now had a shift in market structure. Does |
| 478 | 01:28:31 --> 01:28:40 | that mean enter go short right away? No. We're in a consolidation you have to you have to demand more information. So when you have a fair value gap |
| 479 | 01:28:56 --> 01:29:08 | excuse me, you have a gap. And you're seeing the candlesticks body's failing to get outside the other upper end of it. After you had all this behind you in |
| 480 | 01:29:08 --> 01:29:18 | terms of backdrop that's now given you the capability to say okay, the narrative is now in play. They they have assumed long, I'm sorry, they have assumed short |
| 481 | 01:29:18 --> 01:29:26 | position by knocking out long holders and stopping out anyone that was already short inefficiencies, that's where your real support resistance is going to be. |
| 482 | 01:29:27 --> 01:29:34 | If you want to think of it like that, you'll be able to discern where those real support resistance levels are not just where did it turn last time because that |
| 483 | 01:29:34 --> 01:29:44 | doesn't work. That doesn't work. Does not work? Okay? Just like diagnose Support Resistance. trend lines don't work. They're too subjective. I promise you |
| 484 | 01:29:44 --> 01:29:56 | billions of dollars are not being rushed on this the sake of the degree of a trendline like that's a that's a religion. That's something that look man. I |
| 485 | 01:29:56 --> 01:30:06 | ain't gonna be there. But the bodies are telling you the story. At the wicks do the damage Yes, there are about the trade outside that inefficiency. But the |
| 486 | 01:30:06 --> 01:30:14 | bodies go back and listen to when I'm talking to you at that time, I'm expecting it to now rollover, I talked about the volume imbalance, I talked about the |
| 487 | 01:30:14 --> 01:30:22 | other volume imbalance. And when it traded there, I said, now we want to see it aggressively run, it's because it's going to be heavy. Now, it's going to attack |
| 488 | 01:30:22 --> 01:30:30 | where it's smooth, whereas smooth levels that it's these two relatively equal lows, and then once it goes below here, then it should stay really heavy and |
| 489 | 01:30:30 --> 01:30:41 | quickly run for that sell side, because they don't want to let them pull those orders. If they drop it slowly, anyone that had a long position that has a |
| 490 | 01:30:41 --> 01:30:49 | stoploss in here in the form of a sell stop, they'll they'll get the picture and say, Okay, this is probably going to be a losing trade. And that pool of |
| 491 | 01:30:49 --> 01:31:00 | liquidity will reduce in size. And if Smart Money has sold short up here, up here, up here and up here, they won't have the liquidity to be counterparty to |
| 492 | 01:31:00 --> 01:31:12 | buy back from covering their short, because it will evaporate because of the market is drifting lower. That's how you know, when ICT says I'm expecting large |
| 493 | 01:31:12 --> 01:31:21 | ranges, it's because everything that's in play right now all the damage is done, and everybody stuck on the wrong side and the smart money who's going to be |
| 494 | 01:31:21 --> 01:31:30 | looking to get out. So if they're short, they're gonna be looking to take out a low or relative equal lows, because there's going to be pending orders in the |
| 495 | 01:31:30 --> 01:31:42 | form of sell stops, which is the exact opposite side of a short position being covered when they buy at the market or at a limit order below these lows. And |
| 496 | 01:31:42 --> 01:31:51 | that's why we drifted below that. And I said at that moment, I would be done. That means I would have never suffered the drawdown or return and retrace back |
| 497 | 01:31:51 --> 01:32:02 | into this area right here. But it's interesting how it went into that midpoint again, the consequent encroachment, and then fell out of it again and attacked a |
| 498 | 01:32:02 --> 01:32:13 | larger pool of sell side liquidity. So that's what you should have gleaned from yesterday. That's what was being said to you. But I had other things I was |
| 499 | 01:32:13 --> 01:32:21 | talking about the same time. And maybe that causes you to lose focus, maybe a distraction, maybe it makes you angry, maybe turn an eye livestream off and when |
| 500 | 01:32:21 --> 01:32:30 | to watch somebody else because they'll press a button on a demo account. And that's, that's fine. But the recordings there. So now that you can go back and |
| 501 | 01:32:30 --> 01:32:43 | listen to it in context, and see what really what I said, we have a gap opening here. So the same thing applies as we did yesterday. Regular trading hours, this |
| 502 | 01:32:43 --> 01:33:01 | is our opening price. And where we settled yesterday. So there's your opening range. And you can do this, or you can use a fib you put your fit on where we |
| 503 | 01:33:01 --> 01:33:11 | settled and where we opened and have your your quadrant levels on it. Here's your consequent encroachment. That's always the high high probability draw, even |
| 504 | 01:33:11 --> 01:33:21 | if it's going to go lower, we always reasonably expect it to at least try to make an attempt to get to that to that middle point. Okay. That doesn't |
| 505 | 01:33:21 --> 01:33:25 | necessarily mean or invite you to take a trade it's just all part of reading price action. |
| 506 | 01:33:41 --> 01:33:54 | We opened below that low here. Initial Ron came back tucks the lower quadrant of the opening range. Watch and see if it wants to take out this low. If it does, |
| 507 | 01:33:54 --> 01:34:04 | and it comes back up. We'll watch the see if it wants to reach the midpoint of that opening range gap. On a day like today, after we had such a large move |
| 508 | 01:34:04 --> 01:34:15 | lower. Think about what the where the retail traders are thinking they now have the opportunity to do what those short because they think it's it's time to go |
| 509 | 01:34:15 --> 01:34:26 | short. It can go lower today. But because we're at the opening bell, anyone that wants to use this as a breakout going lower, they could be net short now where |
| 510 | 01:34:26 --> 01:34:29 | are they going to place their stop loss? Right here |
| 511 | 01:34:34 --> 01:34:39 | you're not trying to trade. You're trying to learn how to read price action, and build narrative |
| 512 | 01:35:05 --> 01:35:19 | So think about the individuals that were selling in this area of inefficiency, all these opportunities in here to be short, getting below this low here what's |
| 513 | 01:35:19 --> 01:35:20 | resting below that low? |
| 514 | 01:35:42 --> 01:35:53 | So individuals that were short up here, they're looking for an opportunity to cover with the liquidity that would be resting below that wick. We opened with a |
| 515 | 01:35:53 --> 01:36:08 | gap blower, lower quadrant traded to now taking out the initial low the day. So now we're seeing two areas of sellside liquidity taken after a large range down |
| 516 | 01:36:08 --> 01:36:20 | day. Every time this occurs, I'm considering how the traders that are potentially trying to be short. On the new opening new day opening rate we're at |
| 517 | 01:36:20 --> 01:36:24 | right now the opening bell, how do they feel? |
| 518 | 01:36:32 --> 01:36:42 | Every time we make a lower low Is it is it met with a lot more momentum on the downside? Or is it trying to give and take back and forth back and forth. So we |
| 519 | 01:36:42 --> 01:36:53 | have liquidity here, they've engaged that they took out the initial the other day, two times here. So we had 123 passes below this low and below the initial |
| 520 | 01:36:53 --> 01:37:03 | low of the day. Now, the initial load day on the 32nd chart isn't all that terribly important. But I'm watching price on all the timeframes that I |
| 521 | 01:37:03 --> 01:37:16 | observed. So I have I have a matrix of charts where it's the one minute chart, two minute three minute format, and five, and then I have a group of the five |
| 522 | 01:37:16 --> 01:37:26 | second 15 Second 32nd charts. So I'm looking at how all of those timeframes are providing me the details. Set in another way is I like to see it when it does |
| 523 | 01:37:26 --> 01:37:38 | these types of things. Each time it breaks lower, it's trapping short holders or new shorts in the marketplace, after a big down day. So in my mind, I'm |
| 524 | 01:37:38 --> 01:37:46 | expecting them to try to get back up to that midpoint of that gap after getting people stuck down here short, and they may get overzealous and want to come back |
| 525 | 01:37:46 --> 01:37:48 | all the way up to the upper quadrant. |
| 526 | 01:37:55 --> 01:38:03 | Imagine all those individuals that held short from yesterday, they have a wonderful opportunity to be covering down here at a really, really low price. |
| 527 | 01:38:03 --> 01:38:11 | When the public is trying to do what be a buyer. I'm sorry, VSL. They want to sell short because it seems obvious now, they have a big down day yesterday. So |
| 528 | 01:38:11 --> 01:38:21 | they're always coming to the party late. So st. money's coming in. They're trying to be short, at a time when Smart Money has already made bank, but hasn't |
| 529 | 01:38:21 --> 01:38:30 | realized that game yet. So how are they going to do that they're going to be buying sell side liquidity. So they wait and they allow the market to offer new |
| 530 | 01:38:30 --> 01:38:40 | lows. But are these lows being met with a careening price breaking hard lower, not as of yet. And that's what I'm referring to I'm looking at that and studying |
| 531 | 01:38:40 --> 01:38:50 | that and submitting to you that this level here which is mid mid gap consequent encouragement and upper quadrant is reasonable and it's also real close to that |
| 532 | 01:38:50 --> 01:38:53 | up close candle here. So there's a couple of things factored there |
| 533 | 01:39:11 --> 01:39:17 | I wanted to give you guys a five minute intermission that 920 But I've lost track of time sorry. |
| 534 | 01:39:36 --> 01:39:44 | I'm going to take the shaded area away. We'll leave the fib levels up here, but you'll know that that's it. This is just below the opening range. It's where we |
| 535 | 01:39:44 --> 01:39:58 | opened up for today. First trading price and then we have the lower quadrant. Mid gap. This is always the highest probable retest. Does it mean we'll hit it |
| 536 | 01:39:58 --> 01:40:07 | if it goes up and starts to break lower. Then that means we're really bearish. And you know, who knows how low we'll go? Everything's measuring strength and |
| 537 | 01:40:07 --> 01:40:17 | weakness. And if we can't reach the midpoint, which is the that's the, that's the parameter just like mean threshold is for an order block, just like |
| 538 | 01:40:17 --> 01:40:30 | consequent coachmen is for a fair value guy, that is your decision making level. Okay, it helps you measure should you be really buying in that run and set in |
| 539 | 01:40:30 --> 01:40:40 | another way, like say, you don't have the the experience or confidence to buy when the markets dropping down into a fair value gap, like you're still learning |
| 540 | 01:40:40 --> 01:40:50 | this. You can wait for that to happen when a higher timeframe. And then if it supports price at the midpoint, or it doesn't go to the midpoint and starts |
| 541 | 01:40:50 --> 01:40:59 | rallying like you would like to see if you're bullish, then you can drop down into a lower timeframe than that timeframe. And the very first fair value get |
| 542 | 01:40:59 --> 01:41:09 | you'd see traded into enter on an institutional order flow entry drive means the lowest low of the candle that makes the high the fair value got that forms on |
| 543 | 01:41:09 --> 01:41:20 | the smaller timeframe. Your limit order to buy will be there. Because your expectation is an institutional order flow entry drill is a time where the |
| 544 | 01:41:20 --> 01:41:30 | market will go into a fair value gap, but won't even trade to consequently, parchment. So now you're using the higher timeframe fair value gap that |
| 545 | 01:41:30 --> 01:41:38 | supported the idea that you wanted to see directionally. And it gave you the signature in price action that it's not willing to hit its constant |
| 546 | 01:41:38 --> 01:41:45 | encouragement, but rallied sharply higher when you're bullish, dropped down to a lower timeframe. So if you saw that form of going on a five minute chart, and |
| 547 | 01:41:45 --> 01:41:54 | you looked at the first fairway you got that formed after that five minute charts survey get formed and showed its willingness to go higher. Buying the |
| 548 | 01:41:54 --> 01:42:06 | first institutional order flow entry drill. That's, that's how you enter on that. And it's not chasing price. And you'll use the same stop loss mechanism |
| 549 | 01:42:06 --> 01:42:13 | but using it on the institutional order flow entry drill timeframe of the smaller timeframe. So your risk is small, you're not chasing price, you're |
| 550 | 01:42:13 --> 01:42:23 | you're you're trading within the price delivery continuum, everything is moving in sync. And all those signatures would be basically confirming what you'd be |
| 551 | 01:42:23 --> 01:42:30 | hoping to see in price we don't have anything yet. So right now it's just banging around |
| 552 | 01:42:43 --> 01:42:45 | the those are a little too smooth. |
| 553 | 01:43:23 --> 01:43:32 | Don't have all this stuff on my chart. I'm only putting the things on here that I'm paying attention to that's salient to me while I'm watching price with you. |
| 554 | 01:43:43 --> 01:43:56 | So we have NASDAQ 32nd up here, one minute down here, and a 15 minute chart over here. So if we can rally. There's no investment timeframe, there's really no |
| 555 | 01:43:56 --> 01:44:11 | inefficiency until we get to that area right there. See that volume imbalance right there. Let me zoom in for that right there. That's a little tiny little |
| 556 | 01:44:11 --> 01:44:21 | crack, little tiny little kink. That's a weak link. If this if this price action, all this price action right here, all that move lower. If that was a |
| 557 | 01:44:21 --> 01:44:36 | chain link, or the link of metal chain, it's linked together with Metal Links. The kinked weakest link is right there. So my mind is if we can go in here and |
| 558 | 01:44:36 --> 01:44:48 | try to do like a three quarters or full closure the gap. We have that also. So that low or the volume of balance right there look overlaps with the closure of |
| 559 | 01:44:48 --> 01:45:00 | the gap. That's using a 15 minute timeframe. So now we don't need to be on the 15 minute timeframe. You can drop into a five Hey |
| 560 | 01:45:09 --> 01:45:16 | what's up here relative equal highs what does that mean there's buyside resting above that |
| 561 | 01:45:36 --> 01:45:50 | that's real close proximity to the midpoint the opening range gap so with those levels in mind and go back to watch him i really really small timeframe and all |
| 562 | 01:45:50 --> 01:46:04 | the points are are in the chart so you can see how they're converging around one another I'm gonna take this off because we don't need it anymore and now the |
| 563 | 01:46:04 --> 01:46:16 | sell side is here to see the reaction I was mentioning when we are trading below these assets a little too small smoothen there they dipped below it and went |
| 564 | 01:46:16 --> 01:46:27 | above for any short term buyside there is a gap here let's watch and see how that behaves. buyside is resting rate above this candlesticks Hi. |
| 565 | 01:47:11 --> 01:47:19 | wife gave me the evil eye. She didn't want me to do this in our morning room. She's our morning rooms right next to our kitchen. And she's over here looking |
| 566 | 01:47:19 --> 01:47:31 | at me Give me the evil eye washing your hands you better realize You buttered your bread woman. Ladies, please don't email me I love my wife don't get Don't |
| 567 | 01:47:31 --> 01:47:33 | get it wrong. Just being fun |
| 568 | 01:47:41 --> 01:47:52 | now originally, my my students know that we don't try to trade the morning of FOMC but it is a perfect environment to study. If you're going to trade FOMC |
| 569 | 01:47:52 --> 01:48:06 | days you have to wait until at least 230 that means the first initial run on FOMC that's usually what we're waiting for. That's usually the bed unexpected |
| 570 | 01:48:06 --> 01:48:14 | you don't know what they're going to do right away. And then after that you can see what the lay of the land is where the liquidity is that they haven't engaged |
| 571 | 01:48:14 --> 01:48:24 | where the inefficiencies are. And then you can try to perk up there doesn't mean you're gonna be right but that's that's the usual protocol feeding the initial |
| 572 | 01:48:24 --> 01:48:24 | move |
| 573 | 01:48:39 --> 01:48:42 | probably probably told me maybe not maybe not tilting |
| 574 | 01:48:55 --> 01:49:08 | challenge chair chatter get me to get up and move out of here and go up into my office or go downstairs in the basement. No, I'm being stubborn Alright, so we |
| 575 | 01:49:08 --> 01:49:23 | have relative equal highs in play. Here went a little bit beyond the scope of my personal tastes for for that little area in here. So I would like in this case, |
| 576 | 01:49:23 --> 01:49:36 | I would like to see it do this I'd like to see it support price and springboard off of that and then reach for the buy side |
| 577 | 01:49:49 --> 01:49:52 | you're gonna get me laughing and once I start tackling them, we'll be able to focus stop |
| 578 | 01:50:12 --> 01:50:27 | So what's important to note in here is that we had this one single wick, you see that or tail. So, in and of itself that right there is very thin delivered price |
| 579 | 01:50:27 --> 01:50:43 | action. And this has been shown to you on a 32nd chart. So in and of itself that right there shows a deficiency for price, it need not be considered immediately |
| 580 | 01:50:43 --> 01:50:53 | today, but inside that range and this is going to be busy for a moment while I'm putting this on here, but I'm trying to communicate something to you. So, |
| 581 | 01:50:53 --> 01:51:04 | because this wick let me draw over here, you can see this wick or tail on the candlestick. That's all one single pass on a 32nd chart. So, did price allow |
| 582 | 01:51:04 --> 01:51:16 | enough time for traders to buy and sell in that range between where we close on that candle and the low one would it there being reasonable? No, it didn't, it |
| 583 | 01:51:16 --> 01:51:26 | didn't afford traders enough time to participate there. Even though it did deliver it quickly. Then we had this wick that dipped into a little bit and then |
| 584 | 01:51:26 --> 01:51:36 | they had this wick so this gets changed to this so this portion of the range is still a little bit too thin where we've had multiple passes between these three |
| 585 | 01:51:36 --> 01:51:45 | candles from that low to that opening understand you may not understand but watch the video again a few times and you'll see what I'm talking about the |
| 586 | 01:51:45 --> 01:52:01 | expose area is this this low to that low now what's resting inside here we went up into that range and we left this portion of the inefficiency there so we have |
| 587 | 01:52:01 --> 01:52:19 | relative equal highs here and here in the markets drop down opened lower that gap opening and we left relative equal highs so in and of itself by itself, |
| 588 | 01:52:19 --> 01:52:30 | that's enough for me, but then we have the opening range gap that gap lower. So that means we have a lot of opportunity to want to see it travel into this area |
| 589 | 01:52:30 --> 01:52:43 | here is in his in my opinion the most interesting price point is that mid gap which is right in here and they do enough to clear up the buy side if it wants |
| 590 | 01:52:43 --> 01:52:54 | to go lower or if it wants to sweep this low one more time then reject and start running aggressively for mid gap then attack the buy side and why would they |
| 591 | 01:52:54 --> 01:53:03 | want to do that they could buy the sell side and then distribute to the buy side so buy sell stops sell to buy stops |
| 592 | 01:53:21 --> 01:53:23 | shouldn't crack your knuckles ICT? |
| 593 | 01:53:37 --> 01:53:55 | CD these lows right here real smooth right? It dipped down into it and by the sea it's spring it has yet to come up out of that tree inversion coming above it |
| 594 | 01:53:55 --> 01:54:04 | and then come back down into it. That's what I'd like to see them run into here then mid gap and and see if we can get up here and do a three quarter close on |
| 595 | 01:54:04 --> 01:54:05 | its opening gap |
| 596 | 01:54:28 --> 01:54:34 | that's a sweep so far it hasn't done anything on a closing basis has got to close above it and then come down and touch it |
| 597 | 01:54:41 --> 01:54:55 | again, this is a 32nd chart. So it's a lot of movement in between the high and low of each individual candlestick. But it's moving the same speed that on all |
| 598 | 01:54:55 --> 01:55:12 | timeframes. But the rate of change between candlesticks highs and Lows is much more higher paced. Net gives you see the fair Vegas room right here. See if |
| 599 | 01:55:12 --> 01:55:23 | there's any sensitivity there, it's too much of a closure for my liking doesn't mean it can't still support it. But ideally would have been like right here, and |
| 600 | 01:55:23 --> 01:55:36 | then sent it higher. We have the low today. Smooth lows taken out, we're inside of a fairway get the body closed inside of it. We whipped outside of it into |
| 601 | 01:55:36 --> 01:55:46 | volume and balancing. Didn't take up that low, but I'm going to see does it have any interest in getting up into at least half of its gap. Because either these |
| 602 | 01:55:46 --> 01:55:59 | are all points of consideration for how we trade going into the lunch hour, which is obvious precursor to what they'll do in terms of damage for the |
| 603 | 01:55:59 --> 01:56:01 | afternoon FOMC circus act |
| 604 | 01:56:14 --> 01:56:23 | now whenever price has this type of action here, where we have a fair pay gap, we're looking for something, support price, maybe moving higher. You want to |
| 605 | 01:56:23 --> 01:56:33 | extend this in the future, not just they're closed, and now it's done. Okay, that's not how we look at inefficiencies and price. If it's good, it'll still be |
| 606 | 01:56:33 --> 01:56:48 | good in the future. And the same idea we use when we look at initially is does it have a willingness to respect the upper half of it. If it doesn't, it's |
| 607 | 01:56:48 --> 01:56:56 | indicating that it's probably suspect and don't do anything yet demand something else in in addition to that. |
| 608 | 01:57:06 --> 01:57:08 | So do you want to sweep that low? |
| 609 | 01:57:20 --> 01:57:22 | The left relative equal highs here. |
| 610 | 01:57:45 --> 01:57:56 | Where we're at is nothing I can't do anything right right here. But what I would like to see is the market want to get above this. To make it plain, I don't want |
| 611 | 01:57:56 --> 01:58:06 | to sell short after a big day like this. We just had yesterday. And after we have a large range day I teach my students that the morning session should be |
| 612 | 01:58:06 --> 01:58:19 | avoided. Even if this was FOMC say it wasn't FOMC say it was a normal regular non event on the calendar, we would still avoid trading the morning session, we |
| 613 | 01:58:19 --> 01:58:28 | would watch it get intel on it so that way we can use it in the afternoon. But the trade would be the afternoon session. Large Range Days in the morning |
| 614 | 01:58:28 --> 01:58:37 | session, you get this type of action here. Usually indecisive. Sometimes it can just bang around it can go seek and destroy. Where it takes the low out takes |
| 615 | 01:58:37 --> 01:58:45 | the initial hire, then takes the lower low that this mate was just made, and then comes back and makes a higher high and keeps hanging around in the middle |
| 616 | 01:58:45 --> 01:58:57 | of the range that's created. And then during the lunch hour, it clears it up and then the pm session is the better trading condition. But with all that said, I'd |
| 617 | 01:58:57 --> 01:59:11 | like to see it sweep the low, come up, use this gap here as a stepping stone, then get above here, use that only trade down to half of it and then rally in |
| 618 | 01:59:11 --> 01:59:20 | the very first fairway gap after that I would indicate and hopefully get a ride into this level here. So here's a lot of things I would demand for it to be in |
| 619 | 01:59:20 --> 01:59:32 | price before I would take action on it. Because of all the factors that this gave you. uncomfortable if it was the runaway and dropping all the 300 handles, |
| 620 | 01:59:32 --> 01:59:42 | it's fine. It doesn't fit what I'm trying to do or what I would expect to see in price. And it gets back to making money with something you didn't really |
| 621 | 01:59:42 --> 01:59:50 | understand what why it did it. That's not skill. That's this the lottery, okay, and people win the lottery. And usually when they win the lottery, they lose |
| 622 | 01:59:50 --> 01:59:53 | that money once they get in their hands, spending it stupidly. |
| 623 | 02:00:33 --> 02:00:44 | Just taking a peek at the other industries I'm actually talking with you only using one screen I'm using a laptop obviously does not in my trading room so I'm |
| 624 | 02:00:44 --> 02:00:53 | trying to I'm trying to do it in a manner where it's closest to what you'd be likely to need to do now having all these amendments I have at my disposal |
| 625 | 02:00:54 --> 02:00:56 | Dollar Index and get a peek at what she's doing here. |
| 626 | 02:01:50 --> 02:02:00 | Think about what I was describing to you yesterday when we're looking at the interview it kept reaching higher making swing highs but failing to show any |
| 627 | 02:02:00 --> 02:02:13 | kind of continuation and the bodies are reflecting that as well. So it was building smart money short positions they left all the sell side untouched until |
| 628 | 02:02:13 --> 02:02:24 | later in the day when obviously when we were closing the stream you had already went down and took the target out for the sell side here Look what we've done. |
| 629 | 02:02:24 --> 02:02:40 | We have taken this low out here these lows have been swept we've done all the damage were taking out cell stops. So what is it leaving what what's left |
| 630 | 02:02:40 --> 02:02:53 | untouched right now the buy side and any portion of the gap above that lower quadrant lower quadrant is this level here. That's the opening range gap well |
| 631 | 02:02:56 --> 02:03:05 | got a little bit animated there got some news event coming up came back up into consequent Crotona that gap we were looking at |
| 632 | 02:03:13 --> 02:03:14 | still nothing I will trade on |
| 633 | 02:03:31 --> 02:03:40 | so again even with this spike up they didn't engage the the buy stops that are resting right above these smooth highs here. They ran aggressively to take out |
| 634 | 02:03:40 --> 02:03:54 | anyone that would be long. And now new shorts are caught in as a breakout to focus here and here |
| 635 | 02:04:13 --> 02:04:24 | gonna sing same thing, we want to see it trade above and use these as footholds and see if we can get up to mid gap which is here and three quarters of the gap |
| 636 | 02:04:31 --> 02:04:43 | no anxiety. No, I'm going to miss a move no FOMO no nervousness, or to simply waiting and seeing if it's giving us any inclination that it wants to behave a |
| 637 | 02:04:43 --> 02:04:44 | specific way. |
| 638 | 02:04:53 --> 02:05:08 | Vega Vega will teach you yesterday. You'll have to look at the Euro discussion towards the end of the livestream to get what I'm referring to there. That's |
| 639 | 02:05:08 --> 02:05:09 | your homework? |
| 640 | 02:07:04 --> 02:07:10 | Imagine this is your first day trading? How confident Would you feel with all this? |
| 641 | 02:07:23 --> 02:07:32 | And for the folks that have not been paying close attention because you're doing other things. I'm only interested if the price can get above here and here it |
| 642 | 02:07:32 --> 02:07:42 | acts acts as support. I'm not interested in being short, I'm not interested in chasing it after yesterday's run lower. Absolutely not. I'm not interested in |
| 643 | 02:07:42 --> 02:07:52 | that. So but what happens if it drops, then it drops without me, I know I don't lose my mind over that I don't get mad about it. Because it doesn't fit what I'm |
| 644 | 02:07:52 --> 02:08:04 | trying to do, or what I'm comfortable, it's safe that way. I'm uncomfortable taking a trade short after such a large move ahead of FOMC that's probably the |
| 645 | 02:08:04 --> 02:08:16 | better way of saying it. I am comfortable if price were to do these things here because I know if it's going to go that high and respect these PD arrays then |
| 646 | 02:08:16 --> 02:08:26 | this buy side is likely in mid gap is certainly likely and then maybe as much as three quarter to a full closure of that gap. Because I'm operating under the |
| 647 | 02:08:26 --> 02:08:41 | pretense that it is Street money trying to get short still. Now sometimes Street money gets it right. It's always some kind of a you know they call it the stars |
| 648 | 02:08:41 --> 02:08:53 | lining up right. The I don't have a whole lot of faith in that kind of stuff. But sometimes, you know, retail traders can get it right. I am not willing to do |
| 649 | 02:08:53 --> 02:09:04 | that hear and I will err on the side of caution and say I'm more comfortable trading with the idea that retails trying to be short this morning. So I don't |
| 650 | 02:09:04 --> 02:09:17 | want to see their perspective. I want to see how they could be victimized and see the market go against that that school of thought today. The trick is and |
| 651 | 02:09:17 --> 02:09:26 | this is the difficulty in is knowing how many times they're going to want to take the short term low out but not really traveled far before they rip it the |
| 652 | 02:09:26 --> 02:09:36 | other direction and even when it does, if it does pan out this morning, they may just take it in one single pass all the way up to mid gap and offer no fair |
| 653 | 02:09:36 --> 02:09:45 | value gap or no stepping stool to get into a trade and that sometimes happens as well and you can't get mad about it because you don't have control over price |
| 654 | 02:09:45 --> 02:09:57 | you're not going to tell him you're not going to tell price what you want to do and it's gonna listen and you're not like CT after all Good grief. Sorry, I just |
| 655 | 02:09:57 --> 02:10:10 | set myself up for not realizing it couldn't waste So I'm going to place you on mute just for a quick moment I'm going to grab something from the kitchen it may |
| 656 | 02:10:10 --> 02:10:14 | make noise and I don't want that to be in there here within one second? |
| 657 | 02:12:43 --> 02:12:54 | Okay had to run and grab some socks My feet are freezing underneath a ceiling fan keep it kind of cold in the house but with the ceiling fan blowing on me too |
| 658 | 02:12:54 --> 02:13:02 | it's a little too much right another lower low here |
| 659 | 02:13:42 --> 02:13:53 | cleared up that area in here. If dad wants to make its run to our boss I did we had on a 60 minute chart |
| 660 | 02:14:30 --> 02:14:37 | go to electronic trading hours watch it from a one minute chart. |
| 661 | 02:15:34 --> 02:15:42 | enterprises not had any real run on sellside that all except for this in here that to me is not all that terribly important |
| 662 | 02:15:50 --> 02:15:59 | you might be thinking okay, well what's the significance in that? Well, even if we go higher like say say we go higher today say completely they come out with |
| 663 | 02:15:59 --> 02:16:09 | FOMC and they post on CNN guns and they send this thing higher and 50% three quarters so the or or the entire range of yesterday gets completely given back |
| 664 | 02:16:10 --> 02:16:18 | and that's it they're doing that because I don't know what they're going to do at two o'clock we have to wait and see that goes without saying if it's going to |
| 665 | 02:16:18 --> 02:16:28 | go up what's it going up for because there's really no inefficiency speak up so it's all by stops if we're going to go lower it would be reasonable to go up to |
| 666 | 02:16:28 --> 02:16:39 | take stops to unseat those individuals and secure more position before dropping it lower because we're already in that real deep discount watch this one here |
| 667 | 02:16:46 --> 02:16:48 | it's also volume and balance in there |
| 668 | 02:17:01 --> 02:17:02 | kind of like how did this |
| 669 | 02:17:10 --> 02:17:20 | I'd like to I'd like to see it close above it. Even better, like if it were closed up here and then the next candle it traded down into it and then react to |
| 670 | 02:17:20 --> 02:17:27 | the hood then that's good. I don't like what it's doing here. That's amazing all that not all that helpful |
| 671 | 02:17:43 --> 02:17:43 | thank you. |
| 672 | 02:18:32 --> 02:18:35 | Military when I was trembling |
| 673 | 02:18:57 --> 02:19:07 | for a sake of discussion it like I say this was a day we were looking for Long's and it was just everything lined up. There was no impact news to be concerned |
| 674 | 02:19:07 --> 02:19:18 | about in the afternoon, I would already be long. Perfectly partial would be above here that I would look for all the things I mentioned earlier to see if it |
| 675 | 02:19:18 --> 02:19:29 | can support that run. And then I would take 80% of the remaining portion off at mid gap and at least one final little piece to see if I get the full closure the |
| 676 | 02:19:29 --> 02:19:45 | gap and trail stop loss and manage it that way. But we don't have that situation today we have FOMC. But I get questions a lot. Like how would you how would you |
| 677 | 02:19:45 --> 02:19:59 | handle this and how would you handle that? How would you look at this if it did that? There's so many different kinds of scenarios. That unless you see them in |
| 678 | 02:19:59 --> 02:20:05 | it's happening real time I admit it's hard it's hard to make a satisfying response to a lot of the emails I get |
| 679 | 02:20:23 --> 02:20:25 | what did it just touch? |
| 680 | 02:21:19 --> 02:21:32 | Now, one of the observations that you should have picked up on is, when you see me doing I executions and I'm entering the trades, managing the stop loss, doing |
| 681 | 02:21:32 --> 02:21:45 | partials or adding to it's a pyramid position. The markets are not ever really behaving like this. Have you noticed that they're in low resistance before the |
| 682 | 02:21:45 --> 02:21:55 | runs where the market is really a mess, I'm proving that stuff still works out that I think I did two or three high resistance liquidity run trades, but by far |
| 683 | 02:21:55 --> 02:22:06 | and large, they're usually showcasing low resistance liquidity run conditions, so that we, I'm confident, I have all the things firing in the right direction |
| 684 | 02:22:06 --> 02:22:14 | for me. That's why I'm recording that trade. What you hear from people that don't like me, or they're trying to sell something that they want you to buy, |
| 685 | 02:22:15 --> 02:22:23 | they'll say that they're cherry picked. And I got a lot of different computers doing it all at the same time. It's very hard for me to focus on anything but |
| 686 | 02:22:23 --> 02:22:32 | whatever I'm doing at the time, and I'm easily distracted, so that that whole bullshit falls apart real quick. But you should be noticing that the way the |
| 687 | 02:22:32 --> 02:22:43 | market is behaving here, by contrast, with how I show examples, where the trades just have real nice smooth price runs, it's usually really quick and sudden when |
| 688 | 02:22:43 --> 02:22:54 | it moves away from my entries. And rarely does it ever go towards the stock loss. And that's why I'm managing the stock the way I do in the examples exactly |
| 689 | 02:22:54 --> 02:22:56 | how I teach it in the mentorship videos on this YouTube channel. |
| 690 | 02:23:26 --> 02:23:38 | All these gyrations up and down seeing all the candles expand, come back, reach higher and come back the this is what tape reading is like you have to get |
| 691 | 02:23:38 --> 02:23:48 | yourself comfortable with seeing this is what price can do. And when you're learning, especially, I've noticed that with the young folks that try to learn |
| 692 | 02:23:48 --> 02:23:57 | trading not just for me, but other people. They want instant gratification, no adversity, no drawdown, they want everything to go immediately in their favor. |
| 693 | 02:23:57 --> 02:24:06 | And it's just real easy. I wish I wish every trading was like that. I want trading like that too. But I've been around long enough to know it doesn't it |
| 694 | 02:24:06 --> 02:24:17 | doesn't behave like that. And they don't like to be told that it's not going to be like that. They think there's there's a trick to only picking the setups that |
| 695 | 02:24:17 --> 02:24:32 | only does that and you can't lose it's it's a unicorn they don't exist. Certainly not gonna find it on an FOMC day. Yes, for sure. But what's the |
| 696 | 02:24:32 --> 02:24:42 | benefit then, if you're not going to take a trade? Like what's the benefit? Understanding what it looks like? What it feels like watching the price action, |
| 697 | 02:24:43 --> 02:24:54 | because even though this is directly related to the week, that we're in the day that we're in on the heels of a large range down day, all those things |
| 698 | 02:24:55 --> 02:25:07 | converging. That is creating what would be other Wise, even without economic calendar, this is what a hard trading day looks like, with low resistance. I'm |
| 699 | 02:25:07 --> 02:25:15 | sorry, I'm sorry, I said that wrong with high resistance. So this will be the equivalent to what would be considered a high resistance liquidity run condition |
| 700 | 02:25:15 --> 02:25:29 | where the moves are very much just look at it. It's a lot of give and take backwards. Yes, it's drifted lower. Yes. I'm not willing to sell short. But |
| 701 | 02:25:29 --> 02:25:42 | being short look at retraces it comes back deep, it comes back to levels that are not something that I would be willing to absorb or have any logic behind as |
| 702 | 02:25:42 --> 02:25:54 | to why I would anticipate it doing. So is that communicating? That this is an environment that is worth assuming any risk in monetarily? No. But because |
| 703 | 02:25:54 --> 02:26:01 | you're engaging in your study, and you're watching it, and you're seeing, I'm sure some of you were like, Okay, I would buy here on sell here, I would put my |
| 704 | 02:26:01 --> 02:26:08 | stop loss here, I wouldn't have my stop loss there, I would move my stop loss there. And you probably had been feeling like wow, if that would have been a |
| 705 | 02:26:08 --> 02:26:18 | trade I would have gotten is handed to me or this would be uncomfortable holding it right now. That's what tape reading is. It's for you to feel what it's like |
| 706 | 02:26:18 --> 02:26:30 | to have in your head just an opinion. Without pressing the button. That's a stage in your development that is best not skipped. You're usually going right |
| 707 | 02:26:30 --> 02:26:38 | in here pressing demo trades, not knowing what you're doing and trying to get your experience that way or listen to people that are clueless telling you you |
| 708 | 02:26:38 --> 02:26:47 | got to put real money into can't learn how to trade without putting real money in. That's bull shit. That's people that are making no money trading, and only |
| 709 | 02:26:47 --> 02:26:56 | showing you the sunny side. Because guarantee if they were going to come out here and trade live, they would be scared shitless they'd be scared to do |
| 710 | 02:26:56 --> 02:27:09 | anything. You don't you don't learn how to trade starting with real money. And even a small account doesn't it doesn't change, it makes it worse. It's bad |
| 711 | 02:27:09 --> 02:27:18 | enough that you don't want to see your pride bruised. If you think about something being the outcome and not do it. That hurts especially men, in the |
| 712 | 02:27:18 --> 02:27:27 | younger men, even more so because they're out there trying to prove themselves like I tried to do when I was 20 Ladies tend to do better because they just want |
| 713 | 02:27:27 --> 02:27:39 | to make money as they want to spend it. I knew that because my wife She's, she's a she's a world class champion and spending money if you make any more this week |
| 714 | 02:27:42 --> 02:27:50 | was hanging around inside this one here. See other bodies are just hugging that consequent encroachment. |
| 715 | 02:27:59 --> 02:28:14 | But by having the exposure of seeing and experiencing what price does when it is not low resistance conditions, low resistance doesn't mean a trade that's going |
| 716 | 02:28:14 --> 02:28:32 | long and it has no resistance to stop it from going higher. It is low resistance in the scope that it's not met with any slowing down know that your entries are |
| 717 | 02:28:32 --> 02:28:44 | not being obscured by cloudy price action choppiness. It says open beautiful ranges where it's like literally just a road right in front of you with no cars |
| 718 | 02:28:44 --> 02:28:54 | on front of in front of you. It's just open lane traffic is gone. And you can just push the gas pedal down to the floor and there's no cops. And nobody could |
| 719 | 02:28:54 --> 02:29:04 | get hurt if you crashed. So it's just all you taking the risk. And it's running real easy to your targets, very little retracements in against you that would |
| 720 | 02:29:04 --> 02:29:13 | otherwise scare you or make you feel uncomfortable. And any retracements that do form, they're just opportunities for you to get another partial on to build a |
| 721 | 02:29:13 --> 02:29:23 | pyramid. That that's really by definition. The easiest way I can explain it, but that doesn't sound easily explained to a new student or a new viewer because |
| 722 | 02:29:23 --> 02:29:33 | it's like what the hell are you talking about? But for individuals that have watched these types of price action, or these types of conditions rather. These |
| 723 | 02:29:33 --> 02:29:44 | are the ones you don't want to trade in. Or if you start trading and you find yourself in them. Do not let it take your stop. Be aggressive about closing it |
| 724 | 02:29:44 --> 02:29:47 | before it goes to your stop because it probably will go to your stop |
| 725 | 02:30:05 --> 02:30:18 | Blink. So that little area of smooth price action got tagged. And now look at all this. Okay. Now is, is that something that is note worthy for you to put in |
| 726 | 02:30:18 --> 02:30:33 | your journal? Yes, absolutely. relatively close cell sites below that they dug it in and one more time and 1234 times and said, No, thank you. I told you to |
| 727 | 02:30:33 --> 02:30:47 | watch this fair Vega. It went through it a few times. But look at the bodies. Now, it's uncomfortable watching it. If you're in a in a live trade, it's hard |
| 728 | 02:30:47 --> 02:30:58 | to hold these types of trades when you have money on them. Why? Because it's high resistance, it's being met with difficulty expanding higher, it's |
| 729 | 02:30:58 --> 02:31:09 | lethargic. When it does move, it's not real, real energetic and to start to keep running. But when it goes a little bit, it wants to come back a lot more. And |
| 730 | 02:31:09 --> 02:31:21 | that's what high resistance liquidity runs are. You can trade them, you can be profitable in them. But it spends so much mental capital worrying about the |
| 731 | 02:31:21 --> 02:31:33 | trade not working for you that in my opinion. I'm trying and I have tried for decades to try to teach my students not to trade in these environments, but you |
| 732 | 02:31:33 --> 02:31:43 | don't know what they are until you've studied them, which is why we look at hard market conditions. We don't say Oh, well, the markets got some bad calendar data |
| 733 | 02:31:43 --> 02:31:55 | coming out. So don't even look at your charts. No, I say keep your powder dry, let this day pass, let these moves go by, but still study them. Because the |
| 734 | 02:31:55 --> 02:32:07 | dividends that they're going to pay you in terms of experience, you can't put a price tag on it. But you can't you can't put a price tag on it. Watching this |
| 735 | 02:32:07 --> 02:32:23 | fair pay gap here, run to this little pool of liquidity. You know, it's not much 50 to 75. So 2525 ish, 2530 handles, that is a nice little bread and butter run, |
| 736 | 02:32:24 --> 02:32:33 | would I have taken that trade with a live account? Absolutely not. Because it goes against everything I've preached to you today, we're on the heels of a |
| 737 | 02:32:33 --> 02:32:47 | large range day FOMC it's the morning, retail wants to be short. And I think by my experience that they're going to want to go back up into that opening range |
| 738 | 02:32:47 --> 02:33:00 | gap. But I don't know for certain how far they'll drop it before it does that. Because there's a whole lot of tomfoolery that goes on in the morning session in |
| 739 | 02:33:00 --> 02:33:19 | one session of FOMC and then the all the stops are pulled out during FOMC in at 230 It's It's crazy. But this could be absolutely locked. But look how long you |
| 740 | 02:33:19 --> 02:33:31 | gotta wait to see the movement that it would otherwise in low resistance liquidity runs. The first time it drops into that it would respect it and start |
| 741 | 02:33:31 --> 02:33:42 | running. You wouldn't see all the attempts to get down underneath it with the wicks to try to scare you out of it. The low resistance liquidity runs are the |
| 742 | 02:33:42 --> 02:33:55 | safest, most comfortable, fastest, easy money you can make as a trader but it is hard as hell to learn what they look like beforehand because you gotta watch a |
| 743 | 02:33:55 --> 02:34:08 | lot of this type of price action and none of my students like to do it not one of them said I'm joined this it sucks. It's like doing leg day okay, you got to |
| 744 | 02:34:08 --> 02:34:09 | do it otherwise you'll get an ice cream cone |
| 745 | 02:34:15 --> 02:34:16 | we're now gonna toothpick |
| 746 | 02:34:28 --> 02:34:43 | now I would like to see it try to make or mount a respectable run now up into that 495 level because this is the liquidity that stands right now and then |
| 747 | 02:34:43 --> 02:34:53 | right above that is here. So I want to see does it have a willingness to sharply run there and get to that and sweep Baba and engage this in the gears here. It |
| 748 | 02:34:53 --> 02:35:02 | can come back down and work inside the order flow of the difference between the highs here and the bar Trees that are just below the consequent encroachment. |
| 749 | 02:35:03 --> 02:35:14 | And maybe use that as a stepping stone to maybe run the buy side here, and then ultimately get what I'm looking to see happen is that may get traded to. |
| 750 | 02:35:36 --> 02:35:45 | Now would you if you were short? Would you feel comfortable where we're at right now? And how price is behaving? That's what I'm thinking in my head. My internal |
| 751 | 02:35:45 --> 02:36:00 | dialogue right now is if I was short, would I feel comfortable here? And would I feel comfortable if it takes out to 7480? Level? I would want to see for a trade |
| 752 | 02:36:00 --> 02:36:01 | if I was short. |
| 753 | 02:36:17 --> 02:36:26 | How do you recognize low resistance liquidity runs? How do you recognize the conditions that are going to be easy trading, when it's not behaving and |
| 754 | 02:36:26 --> 02:36:38 | performing like this, and there are lots of things that tell you in the economic calendar and or the where, where the market has traded. That will help you |
| 755 | 02:36:38 --> 02:36:49 | discern that right now we're in high resistance liquidity run. When you if you're listening as a student, you remember me talking about this a lot more |
| 756 | 02:36:49 --> 02:37:01 | times than I talked about the low resistance, liquidity run conditions. And many times every time I allowed a new group of students come in, their impatience |
| 757 | 02:37:01 --> 02:37:08 | would kick in. And they would say, well, you're always talking about high resistance liquidity runs? And it would, it would seem like to them because they |
| 758 | 02:37:08 --> 02:37:16 | haven't spent any time with me studying, they would feel like well, you're making excuses why the trades are not running real easy and go into your |
| 759 | 02:37:16 --> 02:37:27 | targets. Now, that's not what I was doing. The majority of the time training was identifying where you're going to have hardship and difficulty. When you |
| 760 | 02:37:27 --> 02:37:36 | understand all those things, and why they're repeating the factors around that, that create these types of conditions, then by avoiding those very conditions, |
| 761 | 02:37:36 --> 02:37:46 | what are you doing, you're filtering, you're filtering them out, or at least the majority of them, which will then afford you the opportunity to trade in the |
| 762 | 02:37:46 --> 02:37:56 | conditions that would be the opposite of that which would be what low resistance liquidity runs. And you're gonna find that there are periods of the month, where |
| 763 | 02:37:56 --> 02:38:10 | there's small little pockets of low resistance liquidity runs in the majority is going to be like this. Which is why I teach my students not to have an everyday |
| 764 | 02:38:10 --> 02:38:21 | trading approach. Every day engaging price and studying it, yes, every day, every day is leg day, okay? Every day when you're trading and learning how to |
| 765 | 02:38:21 --> 02:38:30 | read price, not trading. But when you're trying to learn how to read price action, and study what the algorithm does and understand liquidity and market |
| 766 | 02:38:30 --> 02:38:39 | conditions and market profile that is not the market profile that you probably think like corpse uses, I don't subscribe to that. The things that I'm referring |
| 767 | 02:38:39 --> 02:38:53 | to is the the mannerisms, okay in which the market will behave in. It goes down to go up, it goes up to go down, it consolidates then drops to go up. It |
| 768 | 02:38:53 --> 02:39:04 | consolidates and goes up and drop hard. They're like profiles. I've given those out on the YouTube channel. I've given you intraday templates. I've given you |
| 769 | 02:39:05 --> 02:39:16 | daily templates, I've given you weekly templates, the yearly template is the seasonal tendency. And if you operate and trade in that, it'll help you figure |
| 770 | 02:39:16 --> 02:39:25 | it out the hard times, and focus on the easy ones. And if you limit your trading to just that you won't trade every day. But you're gonna make a whole lot more |
| 771 | 02:39:25 --> 02:39:33 | fucking money and you're gonna have fun doing it, you won't lose your hair, you won't be panicking, heavy anxiety attacks, you'll enjoy doing it. And that's |
| 772 | 02:39:33 --> 02:39:42 | what it should be it should be enjoyed and ran like a business. Alright, so we finally got our way above that little short term high here. So now what you want |
| 773 | 02:39:42 --> 02:39:52 | to do is you want to log that fear of a gap down here to that run, how long did it take? How much of a drawdown Did you incur? And the question is, Is it okay |
| 774 | 02:39:52 --> 02:40:01 | if you were going to do this, like say for the sake of argument that this was a low resistance liquidity run day where If we didn't have all the other factors |
| 775 | 02:40:02 --> 02:40:11 | that we have here, that's plaguing us as a resistance to price running smoothly and efficiently and quickly, because that's what everybody really wants, they |
| 776 | 02:40:11 --> 02:40:24 | want those sharp, fast, easy runs get to target and be out. Well, I that's how I teach. But the way you avoid these bad days where it's not easily done, you have |
| 777 | 02:40:24 --> 02:40:34 | to know a whole lot more to navigate them, is to see them and spend time in them, and do a lot of heavy lifting with studying and journaling them. And then |
| 778 | 02:40:34 --> 02:40:44 | when you start seeing the low resistance, liquidity run conditions, they are absolutely perfectly illustrated as this is an obvious run here. This is an |
| 779 | 02:40:44 --> 02:40:57 | obvious run down here. And because they're so fun, and they're so easy, they're the very thing like like sugar, that makes you want to go back and like I want |
| 780 | 02:40:57 --> 02:41:04 | to have that again, it was so fun and easy. And that's how you fall victim. When you get the low resistance, liquidator, and signature, and you get that trade |
| 781 | 02:41:04 --> 02:41:12 | and you get out of profit, you turn the charts off. You do not listen to jokers that don't know what the fuck you're talking about. And say you have to push |
| 782 | 02:41:12 --> 02:41:21 | your edge because if you push your edge against concrete, you're gonna dull it. You go in, you have your knife, it's sharp, you go in there. And when it's low |
| 783 | 02:41:21 --> 02:41:29 | resistance, liquidity run, cut out your pound of flesh, and you take it home and you eat good. Come back again, if the conditions are ripe again for low |
| 784 | 02:41:29 --> 02:41:38 | resistance, then you trade if not, go do something else. That doesn't mean you can't trade Well, if you if you say no, I'm not going to trade today. It means |
| 785 | 02:41:38 --> 02:41:49 | that you're in control of yourself. But let's assume for a moment that this was a day where it is a low resistance condition. And you are going to use what I've |
| 786 | 02:41:49 --> 02:42:00 | outlined here watching that fair value gap. If you were trying to buy that, where would your stop loss be? It has to be below this candles body. Because |
| 787 | 02:42:00 --> 02:42:12 | while this is the one I took your attention to, because it should act as what inversion. Remember up here, that's where everybody thinks go short. This one is |
| 788 | 02:42:12 --> 02:42:24 | just the idea of how it should find a footing. But over here, this is the natural bullish fair value gap. So if you were seeing that, while I was talking |
| 789 | 02:42:24 --> 02:42:31 | about it, you understand also by the rules, this is the camera that makes a fair value got. So you have to do what you have to place your stop loss below the |
| 790 | 02:42:31 --> 02:42:42 | body. Or if it's allow for you for risk. And you're allowing for it in terms of how much you're risking as much as the low but I use the body. So your risk |
| 791 | 02:42:42 --> 02:42:51 | would be buying it in here. And there's your stop loss. It Wikked down into it. But it's why I asked you watch go back and listen to the recording, when it |
| 792 | 02:42:51 --> 02:43:01 | dropped down here when it was boldface like that. And it started to pull where I asked you what did it just touch? What did it touch, you have a fair value gap |
| 793 | 02:43:01 --> 02:43:17 | there. But to the left of that candle, what kind of candle is it down close. Inside liquidity, when we're anticipating a run higher, to run for buy side to |
| 794 | 02:43:17 --> 02:43:28 | put pressure on retail traders that want to be short and also try to work towards that opening range gap. So your stop loss would be here. And this is a |
| 795 | 02:43:28 --> 02:43:29 | bullish order blah. |
| 796 | 02:43:38 --> 02:43:39 | Can't see |
| 797 | 02:43:49 --> 02:44:02 | them hit it and then look at the bodies was the body's indicating that it was telegraphing that it was going to drop now? Not if you use the logic on teaching |
| 798 | 02:44:02 --> 02:44:13 | you. The body's telling you what the narrative, it tells you the storyline behind price. This is what it's supporting the idea that yeah, it might make |
| 799 | 02:44:13 --> 02:44:22 | these little tails in price action here. But that doesn't do anything except for scare retail traders or people that don't know what they're doing. No, there's |
| 800 | 02:44:22 --> 02:44:32 | no reason to be excited or animated or anxious, no anxiety whatsoever. And there's no necessity for that. The reason to feel like that, unless you're going |
| 801 | 02:44:32 --> 02:44:40 | to try to trade in these environments and over leverage and over trade and you should feel all those feelings and cortisol cortisol coursing through your body. |
| 802 | 02:44:40 --> 02:44:47 | Yeah, it's gonna be hard to breathe and you're gonna be sick to your stomach. It's like you're gonna pass out a shit yourself. That's a normal experience for |
| 803 | 02:44:47 --> 02:45:02 | trying to do those types of things. But your trading shouldn't be that way. So we had this run here. Turn it back up into that Okay, so we had this to here, |
| 804 | 02:45:02 --> 02:45:13 | that's one trade, from here to here, that's one trade. Or you can study it like this. This could be your entry, that could be your stop. So what's your risk, |
| 805 | 02:45:14 --> 02:45:24 | you can do double tap, double tap is where you take two entries, or two contracts, entered at the same position entry. And if you take one off here, and |
| 806 | 02:45:24 --> 02:45:34 | you take the second off the other target, or you can look at it this way, by, and then when I was telling you, it should run higher here, that's good. You use |
| 807 | 02:45:34 --> 02:45:47 | that as what? Buying the mean threshold of the down close candle before it even leaves the candle? Why can I how can I limit? How can I do that? And you've |
| 808 | 02:45:47 --> 02:45:54 | watched me do this in trades where I annotate an order block. And then you're probably one of the folks that were sending me comments in the video, but no one |
| 809 | 02:45:54 --> 02:46:02 | else can see it. You're saying? Why is that an order block, it didn't go above it and come back down to it. Because I can trade inside the PDF, because I know |
| 810 | 02:46:02 --> 02:46:10 | what my tools are. I made these things. So I knew how to navigate with them. What did I teach you? Yesterday in a day before? |
| 811 | 02:46:16 --> 02:46:31 | That's my target. That's my range. Is that order block engaging in in close proximity to what equilibrium when I'm bullish when you're bullish, and you're |
| 812 | 02:46:31 --> 02:46:39 | using what I'm teaching you, with the algorithm will will treat price as if you're bullish, and it trades above and comes back down to equilibrium. |
| 813 | 02:46:39 --> 02:46:54 | Equilibrium becomes what discount. It goes without saying this down close candle is going to promote higher prices afterwards. I don't need to wait for it to |
| 814 | 02:46:54 --> 02:47:02 | come back down and touch it as an order block. As you classically, notice. These are the things I kept from people. These are the types of things I didn't want |
| 815 | 02:47:02 --> 02:47:11 | to teach the public because every time they can hear me was going out there on YouTube, and having their little multilevel marketing horseshit companies, okay, |
| 816 | 02:47:11 --> 02:47:19 | and teaching like they invented it themselves, or they discovered it. All of these tools and these things. We've discovered so many guys on YouTube right now |
| 817 | 02:47:19 --> 02:47:29 | running ads, it's my stuff that they're using. It's all my stuff. And yeah, we've discovered you didn't discover shit, you found my fucking leaked videos is |
| 818 | 02:47:29 --> 02:47:39 | what you found, okay? You didn't discover anything in price action. You found my stuff. That's what that is. You found much it. But that was the reason why I |
| 819 | 02:47:39 --> 02:47:49 | kept most things guarded. And that's why I won't teach all at one of my PDA arrays because they're, they're abused. I don't get the credit for it. The Lord |
| 820 | 02:47:49 --> 02:47:58 | doesn't get the credit for giving it to me. So I'm not gonna give it the hell it is what it is. You had enough anyway. But you could add in here as a pyramid. It |
| 821 | 02:47:58 --> 02:48:08 | takes you to here. And as I was mentioned earlier, I can enter that you can enter it when you understand the logic round the mean threshold, what is the |
| 822 | 02:48:08 --> 02:48:18 | bodies of the candles here telling you it's respecting mean threshold half of that body or down close candle? You understand it by doing this retrace to the |
| 823 | 02:48:19 --> 02:48:20 | change in the state of delivery. |
| 824 | 02:48:30 --> 02:48:39 | opening price and the down close candle when it's a valid bullish order block trades down into here. Does it send price higher? Yes. clears a relative equal |
| 825 | 02:48:39 --> 02:48:51 | highs. That's another trade there too. But you can't add there. Why? You can't add there. That's a trade where you take off a remaining partial if you had one. |
| 826 | 02:48:52 --> 02:49:02 | You can't enter there. Why can't you enter their? Why is entering it mean threshold here? While the formation of the down close candles there? Why is that |
| 827 | 02:49:02 --> 02:49:14 | valid in this is not valid? Only in order block theory. Because this is in a premium. It's not in close proximity to the range at which you're trading. |
| 828 | 02:49:18 --> 02:49:28 | There's levels there's rules. There's logic in trying to buy this one here on a on a day like today. While it's in a premium, you don't know if they're going to |
| 829 | 02:49:28 --> 02:49:39 | retrace and go lower. I don't know that right now, because of the uncertainty and there's a lot of manual intervention on this day just like the Thursday |
| 830 | 02:49:39 --> 02:49:48 | ahead of non farm payrolls. That's why I don't like to trade Thursday before Non Farm Payroll. Because the things that I expect to see in price that are so |
| 831 | 02:49:48 --> 02:50:01 | perfectly precise, that are so well scheduled in time. They are not there as they are when those days are not the counter day your turn Writing? I don't know |
| 832 | 02:50:01 --> 02:50:10 | how to make it any plainer than that. The advantages are not there. Can you trade them profitably? absolutely you can. I'm not willing to do that. Because I |
| 833 | 02:50:10 --> 02:50:20 | want to be in there when I have all things in my favor. Wouldn't you want to trade that way? Why? Why would you want to do it any other way? If you're going |
| 834 | 02:50:20 --> 02:50:28 | to work real hard to get that funded account passed, and you finally get there, and just because they offer you 15, contracts leverage, which is suicide. That's |
| 835 | 02:50:28 --> 02:50:37 | why all the guys that do it, they can't hold a trade. We're gonna talk about that, before I close it. You have to trade a size that you can live with in |
| 836 | 02:50:37 --> 02:50:49 | every fluctuation, is it going to make you gasp? In the folks that, do it in the live stream? Did they look calm? No. They're not calm. They're freaking out. |
| 837 | 02:50:49 --> 02:50:57 | They're hoping and praying. That's why they're not showing when they enter the trade, then it starts moving in our favor. Okay. Yeah, I'm long here. You know, |
| 838 | 02:50:57 --> 02:51:04 | I'm looking at this and I stopped here, they had that little boost of confidence, they would be able to take the trade right in front of you live if |
| 839 | 02:51:04 --> 02:51:12 | they just did one contract. But they think that their audience won't be impressed with that, because the one contract result will not be enough money to |
| 840 | 02:51:12 --> 02:51:22 | warrant another return to watch their video or their livestream, when they ain't even making half of that at their job. So everything about this industry is |
| 841 | 02:51:22 --> 02:51:31 | asked backwards. And I tried to be many times, countless in the way I deliver it. But I tell you the truth, I tell you how it needs to be how you're going to |
| 842 | 02:51:31 --> 02:51:41 | have to study to learn it. And many people come to me willing to say I'm gonna go and put myself through the wringer, whatever you say, I'm going to do it ICT. |
| 843 | 02:51:43 --> 02:51:56 | But then when I start the process with them, and they realize how hard it is to adhere to. And it's not easy. Now think about the tap out bases, what I'm |
| 844 | 02:51:56 --> 02:52:03 | saying, I'm going to focus back on my price action. So we had this by side taken liberties, relative equal highs there. So we've cleared that. So that's no |
| 845 | 02:52:03 --> 02:52:08 | longer an issue. Watch this. |
| 846 | 02:52:14 --> 02:52:25 | We are at the low of the opening range gap by touching that right there. That's what that is returning to the opening range gap, this can sometimes be a return |
| 847 | 02:52:25 --> 02:52:36 | to it, and then it sends it lower. Now, if we didn't have price action like this, and it wasn't FOMC, on the morning session of the day, after a large range |
| 848 | 02:52:36 --> 02:52:45 | down day, I might entertain the idea of being a short seller, if it touched the bottom of the opening range when it does something like this, but because I'm |
| 849 | 02:52:45 --> 02:52:55 | not bearish where we're at, I'm not trying to short, I'm not looking for sell, I'm anticipating us getting up into the mid gap right here, I'm willing to see |
| 850 | 02:52:55 --> 02:53:06 | it, give an initial response and maybe repel it, and then wind up at a later time to run through to get this by side and accelerate to mid gap. You see how |
| 851 | 02:53:06 --> 02:53:18 | all these things, it requires experienced folks? And I've asked God many times how I could make this simpler and explain it simpler. But it's a lot of time and |
| 852 | 02:53:18 --> 02:53:29 | a lot of scenarios and variables that I don't know how I don't know how to do that. To be honest with you, I don't know how to do that. And I'm confident that |
| 853 | 02:53:29 --> 02:53:37 | no one else will because they don't know all the scenarios in my head that warrants my experience to speak when it does. So that's why I say the things I |
| 854 | 02:53:37 --> 02:53:44 | say and the young guys get mad at me and they make sock puppet accounts and they start to troll me and he say ICG is rebranded things it's the stuff that's |
| 855 | 02:53:44 --> 02:53:51 | always been existence but when you ask them to prove it it's crickets they can't do that they can't prove it's rebranded anything |
| 856 | 02:53:59 --> 02:54:00 | freezin tip me |
| 857 | 02:54:07 --> 02:54:12 | off me I'm feeling 50 today oh man bones aching |
| 858 | 02:54:18 --> 02:54:31 | so the I guess one of the things that since the last day you guys were a little selfish yesterday in in the likes of either I didn't do well in explaining what |
| 859 | 02:54:31 --> 02:54:42 | was transpiring in this deck before it happened, despite your chart showing it or you just didn't want to give me any kind of feedback so I apparently didn't |
| 860 | 02:54:42 --> 02:54:53 | learn much yesterday. But today you know if you've learned I'm not closing it yet we've still be here till around noon. Unless we hit the mid mid game once it |
| 861 | 02:54:53 --> 02:55:06 | hits that I'm probably gonna close because I'm faster. I'm gonna grab something with my wife because she's giving me the Harry I do The FBI is something that I |
| 862 | 02:55:06 --> 02:55:15 | can see in her face. Like she's, she's getting impatient, even though she knows that I scheduled this today. And yesterday and Monday, she's wanting to go do |
| 863 | 02:55:15 --> 02:55:27 | something. So, men, you know what I'm talking about, you know, that look your wife gives you today, you know, when you see these things, let me get, let me |
| 864 | 02:55:28 --> 02:55:39 | make it plain, okay? When I go out on live streams, okay, and I have an agenda, to troll to make light of something and bait people to do something, try to get |
| 865 | 02:55:39 --> 02:55:47 | them to come in the Robins cup because they think I can't trade and they still won't even enter it, they still won't trade it and they still they won't do it. |
| 866 | 02:55:48 --> 02:55:55 | He doesn't talk about Robins cup. I'm talking about Robins cup today, maybe I'm talking about that. I'm winning that shit. I am going to win that. I don't know |
| 867 | 02:55:55 --> 02:56:02 | why you guys are sitting here pretending like I forgot about it. I didn't forget about I know exactly the book I'm doing. I told you, you'll see me in the second |
| 868 | 02:56:02 --> 02:56:10 | half of the year. But you're gonna see me that number one spot taste sweet. Enjoy your spot right now gentlemen, enjoy it, hold on to those seats, because |
| 869 | 02:56:10 --> 02:56:16 | I'm going to park the Red Sea and I'm running to the top of that motherfucker. And none of you're going to be near me, none of you are going to be near me. So |
| 870 | 02:56:16 --> 02:56:29 | get your sound bites out of that, because that's what's coming. But today, I'm explaining things to you that would otherwise be like a charter level. This is |
| 871 | 02:56:29 --> 02:56:40 | like this is charter level content. People that have gone through the entirety of mentorship secured their lifetime access. This is the conversations that I |
| 872 | 02:56:40 --> 02:56:53 | would have with them. When I'm explaining the difficult things and how to weigh all that stuff out. Okay. It's not easy to navigate these types of days. It's |
| 873 | 02:56:53 --> 02:57:08 | not it's not easy at all. But it looks easy when it's done. And you forget the 30 plus years that it took to get here. And you don't want to take 30 years to |
| 874 | 02:57:08 --> 02:57:16 | get this good. You want to have it real quick, because you watched a five minute trainer video, or you want to hear it without me talking about other things that |
| 875 | 02:57:17 --> 02:57:26 | I feel like I got to talk about because my mind's going 1000 miles an hour. And there's 15 conversations that I'm having with my self inside while I'm talking |
| 876 | 02:57:26 --> 02:57:34 | to you and they're all fighting to get to the front of the line to talk to you about whatever it is I'm thinking is important. Right now you are looking at |
| 877 | 02:57:34 --> 02:57:48 | price and you have 1000 questions. Why is it not doing this? Why is it doing that? You need to use your journal for that. You want immediate gratification |
| 878 | 02:57:48 --> 02:57:58 | instant gratification. And you want all your questions answered right now. And that's not what trading is going to provide for you. No matter how many times |
| 879 | 02:57:58 --> 02:58:06 | you jump to a new mentor or new methodology or someone that says they know it better, or they can teach it to you faster, I promise you, they won't be able to |
| 880 | 02:58:06 --> 02:58:15 | describe what you just saw here today. They don't have it, they do not have that. They're going to look for other shit. They're going to make up excuses of |
| 881 | 02:58:15 --> 02:58:24 | why, you know, it's just don't trade that day, when I'm not saying you shouldn't trade it, you shouldn't try to trade it in the beginning. Because you're not |
| 882 | 02:58:24 --> 02:58:34 | going to understand the the give and take that's required when these days are forming. There's a whole lot of reluctance on price because it doesn't have to |
| 883 | 02:58:34 --> 02:58:47 | do it right now. It can stay in the range that's formed right here and chop all the way in and through lunch and do nothing else. But what happens if you're in |
| 884 | 02:58:47 --> 02:59:00 | here with your 15 contract short? Right after the open are you are you confident where it's at right now when any little spike up can take your stuff and your |
| 885 | 02:59:00 --> 02:59:12 | funded account is no longer sweet and sitting like it was when you were initially given it for your Live account that had real nice profits when they |
| 886 | 02:59:12 --> 02:59:24 | were down here and it felt like it was gonna fall to the depths of hell could never reach retrace couldn't do it. Now were the guys that faded me in thought |
| 887 | 02:59:24 --> 02:59:33 | that that was something to go short on. So they can go on social media later on. I faded ICT, you're not seeing them I do that today. I'll be looking for it |
| 888 | 02:59:41 --> 02:59:57 | the role of a market maker is good just enough to make them want to bite just enough to let them initiate action. And once they step their ass in the deep |
| 889 | 02:59:57 --> 03:00:12 | water I devour them. And they're smart enough to know, to not come off the fucking beach. That's where we're at. That's where we're at friends. I don't |
| 890 | 03:00:12 --> 03:00:22 | blame him. I don't blame them. They have their livelihoods at stake. They don't want a more of that. They have their mentorships, they have their horseshit |
| 891 | 03:00:22 --> 03:00:31 | they're trying to sell, they ain't trying to do not like that. But I do absolutely have a great deal of respect for all the gentlemen that are on that |
| 892 | 03:00:31 --> 03:00:41 | leaderboard right now. Because they did it. They did it and they're grinding it out. And not all, not all of them have done well, the guy that's in fifth place, |
| 893 | 03:00:41 --> 03:00:52 | at least, should be I haven't looked at it this morning. The guy in fifth place, he's pretty much you know, he got up there. And he's just sitting still, he |
| 894 | 03:00:52 --> 03:01:00 | squeezes ready to do anything, like what the fuck, I don't want to do nothing, hopefully, everybody else will fall down below me. And you can't do that when |
| 895 | 03:01:00 --> 03:01:08 | you're below 100%. Like, if you get like 300% That's, that's a pretty good idea. Because most people don't do well enough to get that high, they'll get real, |
| 896 | 03:01:08 --> 03:01:19 | real hard efforts to get above 100%, maybe 200%. And then the pressure of the guys below them chomping at their ass, they feel like they gotta get a wide |
| 897 | 03:01:20 --> 03:01:34 | range gap. And you don't, I've watched guys get up there and get to the second highest ever held up 13 100% plus. And if he just would have sat still, it was |
| 898 | 03:01:34 --> 03:01:48 | secured, it was done. It was done. And he completely dropped all the way down to some, you know, not all that terribly exciting return. It's a head game. That's |
| 899 | 03:01:48 --> 03:01:55 | why I tell everybody if you're gonna compete against me, you're gonna be there. You're everyone's going to see what it's like for you. If you secure a seat |
| 900 | 03:01:55 --> 03:02:10 | there. When you slip a little bit, that little slip is going to be magnified beyond normal ranges of reasonable comfort or discomforts. If you take a loss in |
| 901 | 03:02:10 --> 03:02:23 | your trading account, and nobody sees it, it sucks. But if you have 1% drawdown in the witness of the entire world, you're like shit, I gotta come back from it |
| 902 | 03:02:23 --> 03:02:31 | because he this must be come down. That's why nobody wants to do it. And that's why the gentlemen that are in it, deserve your respect, because they have mine. |
| 903 | 03:02:32 --> 03:02:46 | Whether they were up there and fell off, you still have mine. You did it. You entered it 99 999 9% of the bullshit talkers out there won't even enter it won't |
| 904 | 03:02:46 --> 03:02:57 | even enter it, let alone trade in it and do well in at least make themselves known. So stop leaving comments in my videos. All you Jack legs are going to see |
| 905 | 03:02:57 --> 03:03:03 | me in the leader spot. I'm going to cut I'm going to have that pewter shit they gave out as a trophy. I'm gonna have that |
| 906 | 03:03:10 --> 03:03:18 | then what will they say? What do I say then? No, no, they'll come up with something they always do. |
| 907 | 03:03:23 --> 03:03:29 | So anyway, let's take a peek at Yes. |
| 908 | 03:03:39 --> 03:03:51 | Nice, thanks better. And I did not have s&p. On any charts in front of me. What you saw in this livestream is all I'm looking at as I'm looking at. So when I |
| 909 | 03:03:51 --> 03:03:59 | minimize the charts when I do something like that, that's the only time I saw the other markets. So it wasn't like I was seeing something and then had the |
| 910 | 03:03:59 --> 03:04:14 | advantages of looking at other timeframes. This is literally all I have. I'm literally on a what is this? Hewlett Packard laptop. That's what I'm on. Sitting |
| 911 | 03:04:14 --> 03:04:24 | on one of the sofas in my morning room with Bose headsets on with no sound coming through just muting up all the outside sounds. New Music just sitting |
| 912 | 03:04:24 --> 03:04:34 | here talking to you over one chart at a time. And anytime I toggled to a different timeframe or I showed this. That's what I was using. So I didn't have |
| 913 | 03:04:34 --> 03:04:44 | like all of my weapons. I didn't have all of my tools. I didn't use anything enigma. I didn't use anything. Automated nothing. It was just pure reading price |
| 914 | 03:04:44 --> 03:04:54 | action. Knowing what typically can happen, how human nature being what it is and how the retail traders are going to want to come in and are going to want to be |
| 915 | 03:04:54 --> 03:05:10 | short. They're going to want to do that. They went below this low. And that looks like what? It's straight shot to hell good blow there. No, not after a big |
| 916 | 03:05:10 --> 03:05:22 | large range down day. You have to anticipate the market creating a bait and switch where they lay down the cheese. Yeah, come on, you're going to make money |
| 917 | 03:05:22 --> 03:05:29 | look out. Look, it's already moved down 10 handles. Come on, get more friends talk about on social media. So everybody thinks the same thing. Oh, I'm gonna |
| 918 | 03:05:29 --> 03:05:42 | get short to get short get short. And then this happens. All that retracement that they can't they can't weather that they can't suffer that and not pick up |
| 919 | 03:05:42 --> 03:05:44 | their guts or, or blow out. |
| 920 | 03:06:03 --> 03:06:16 | So all these things that we covered today is how, by not knowing it, I hurt myself as a 20 year old or sell side don't want to come back for that. It's also |
| 921 | 03:06:16 --> 03:06:25 | an imbalance. So you have two things, two factors there. Whether it wants to keep going lower, or if it retraces just to get some more seats, this is what |
| 922 | 03:06:25 --> 03:06:26 | they're reaching for. |
| 923 | 03:06:33 --> 03:06:50 | Let's turn handles those types of moves. One on one, their chart 32nd chart 15. Second chart. Those are the moves that happen all day long. That once you |
| 924 | 03:06:50 --> 03:06:59 | understand what you're looking for, and once it reaches once it reaches an objective, and it's reasonable to anticipate it to drop lower after it's been |
| 925 | 03:06:59 --> 03:07:07 | rallying. You can short that. And then when it goes to its first logical level, I got to say, Alan here, you take your 10 handles and you're done. Or if it's |
| 926 | 03:07:07 --> 03:07:17 | the s&p, you take your five handles and be done. Close that trade. And then you can look for another opportunity in either that market or a closely correlated |
| 927 | 03:07:17 --> 03:07:33 | market. There's some days where I've went long, in s&p only. And when short. In NASDAQ when the trades were moving in instinct, like it just did there. Then |
| 928 | 03:07:33 --> 03:07:44 | there's other days where I've done buying and selling, writing 10 minute 10 to 10 handle 15 handle 20 handle runs on sub one minute charts. And I'm doing up |
| 929 | 03:07:44 --> 03:07:58 | down, up, down, up down. And I did it in forex. I've done it in bonds, I've done it in futures. I have a recording that I did where I think I don't know what the |
| 930 | 03:07:58 --> 03:08:07 | title was. I can't remember this something like when I have to pull out my heavy artillery. When I'm literally dialed in. And I know exactly what I'm working |
| 931 | 03:08:07 --> 03:08:18 | with that day, that week. And I can buy and sell up down up down and just go nuts. It looks it really looks too good to be true for someone that's never seen |
| 932 | 03:08:18 --> 03:08:26 | me trade before. Never seen me explain price action live and explain that we can see these things. They can't hide it from you. And unfortunately, whenever I do |
| 933 | 03:08:26 --> 03:08:34 | stunts in the past that that make people second guess me because it allows talking points when people talk. What does it do? It brings people to my |
| 934 | 03:08:34 --> 03:08:42 | channel. It's traffic. I'm manipulating controlling trolls. They think that they're doing something to me. They're making all these bullshit documentaries |
| 935 | 03:08:42 --> 03:08:52 | that absolutely nothing means nothing. But it creates traffic. So they work for me for free. And all the chatter all the talking points brings people to my |
| 936 | 03:08:52 --> 03:09:03 | YouTube channel. And sometimes majority of times, it brings people that are never really aware of who I am. And who's this ICT guy. And usually it's Oh, |
| 937 | 03:09:03 --> 03:09:14 | he's a scammer. He's, he's a guy that didn't put the minus symbol next to his withdrawal request. But what I was doing was I was trolling Sean Powell of Astro |
| 938 | 03:09:14 --> 03:09:25 | effects and making a mockery of that was his that was his proof that he could trade Well, screenshots of Mt. Four. And they ran with that for a long time. It |
| 939 | 03:09:25 --> 03:09:34 | still has some traction still, but all these things that people didn't get introduced because of hearsay whatnot. That brings them here because they want |
| 940 | 03:09:34 --> 03:09:42 | to see a train crash they want to see a car crash they want to see someone getting wrecked. And when they come here, they see me call the market they see |
| 941 | 03:09:42 --> 03:09:48 | me tell you what the market is going to do. They find out that have profitable students and they find out that my mentorship that I used to sell for for |
| 942 | 03:09:48 --> 03:09:59 | personal profit. It's for free on my YouTube channel. And then now now I had them as a student. So I appreciate all the hard work. Keep working the corner |
| 943 | 03:09:59 --> 03:10:09 | girls He's working your corner is you're doing, you're all good earners for me, your wonderful earners, you're doing such a wonderful favor and I don't have to |
| 944 | 03:10:09 --> 03:10:16 | pay you. I don't have to do anything for you, except for keep throwing pieces of meat at you lay down some cheese. So that way you'll talk about me and more |
| 945 | 03:10:16 --> 03:10:29 | people come think about it. I'm in control. I'm calling the shots here. Everything I'm doing is all scheduled. It's all manipulation. To get the |
| 946 | 03:10:29 --> 03:10:39 | attention when I want to do it. I'm going to do it. I got plenty of time. Plenty of time day nobody net Robins cut right now is ever going to come close to what |
| 947 | 03:10:39 --> 03:10:49 | I'm going to do. And M seven, why aren't you up there? I heard you quit. Why don't you do that? You got more expectation placed on you because you appeared |
| 948 | 03:10:49 --> 03:10:59 | in the second or third spot. Even though it was, you know, some kind of calculation problem I was hoping to see up there, I was gonna run your ass down. |
| 949 | 03:11:00 --> 03:11:07 | Just like Benny, who apparently can't get in the trade because he's talked too much shit about him and brought on legal trouble for him. So they won't allow |
| 950 | 03:11:07 --> 03:11:20 | him to enter which was exactly what he wanted. Oops. And I'm not the only one that knows that. Their conversations with Joel Robins, oh, that's that's going |
| 951 | 03:11:20 --> 03:11:30 | to come out at the end of the year too. I told him to tell anybody what they want to know. Because it's been bait all this time. I want you all to feel good, |
| 952 | 03:11:30 --> 03:11:41 | I feel strong. Oh, he's not going to do exactly what I want. I told you in the beginning, I'm gonna get every part of my crowd and audience something to feel |
| 953 | 03:11:41 --> 03:11:55 | good about. You're all gonna have an experience this year. But I'm gonna have a championship. And then I'm going to tip my hat and say, farewell to do enjoy the |
| 954 | 03:11:55 --> 03:12:04 | YouTube don't give a fuck if you come back to it. I'm not making anything else for it. And I'm doing my own thing. Because shits about to get real everywhere, |
| 955 | 03:12:04 --> 03:12:18 | not just in America everywhere. And my attention is going to be there. And I will feel like I have cleaned my client my conscience and done the best I could |
| 956 | 03:12:18 --> 03:12:29 | have done to give you the skill set to try to do whatever you can to stay above what's coming. It doesn't mean you got to get rich, but if it puts food on your |
| 957 | 03:12:29 --> 03:12:31 | table, then praise the Lord. |
| 958 | 03:12:48 --> 03:13:06 | Dollar index I would like to see that still today traverse all this range here and go up into that old high. If it doesn't say it it goes up there I mean, |
| 959 | 03:13:06 --> 03:13:23 | maximize that charter second. If it goes up there and say it fails at this right here say it goes here and fails. In leads that as a relative equal high, I would |
| 960 | 03:13:23 --> 03:13:37 | expect that to be the nonfarm payroll target or to reach for that on Friday. That In other words, if they leave that by side, leaving it there and they could |
| 961 | 03:13:37 --> 03:13:45 | bounce around, do whatever it even even retrace lower, I think that they will use that for Non Farm Payroll. That would be the the objective for Friday. And |
| 962 | 03:13:45 --> 03:13:59 | so that way I got that out of the way. I told you I would explain to you what I think would be the the play for she'd be for, for me on Non Farm Payroll. So a |
| 963 | 03:13:59 --> 03:14:11 | couple of minutes after 830 news release on Friday when you do non farm after the initial whipsaw. If that was still there for dollar, I would use that as a |
| 964 | 03:14:11 --> 03:14:19 | factor. And then obviously, you know, that means if if it's going to run that on the dollar, that means it's going probably going to be risk off in shorts for |
| 965 | 03:14:20 --> 03:14:32 | index futures. But all that can be completely destroyed the day where this dollar index could just fall out of bed and they could reprice the indices that |
| 966 | 03:14:32 --> 03:14:48 | completely overlap yesterday's down, move entirely and go higher. That's the that's the the fierceness the the veracity of the volatility. These individual |
| 967 | 03:14:48 --> 03:15:00 | days, especially right announcement days FOMC like, it can just absolutely go way beyond what you think is reasonable. And just keep going and can't feed that |
| 968 | 03:15:00 --> 03:15:09 | kind of stuff this just keeps going and then when it opens up again at six o'clock it's still going it's hundreds and hundreds of handles and if you're in |
| 969 | 03:15:09 --> 03:15:19 | that on the wrong side like you ran over you can't you can't you can't undo that it's it's a lot of carnage and damage |
| 970 | 03:15:28 --> 03:15:45 | see how smooth that is in Montana but look how he left that too I don't like that so they have some business the probably attend to the low here, here and |
| 971 | 03:15:45 --> 03:15:54 | here. Going down a little bit to clean that up and then if you can reject that and go higher I'd like to see that high taken out in the buyside we were |
| 972 | 03:15:54 --> 03:16:02 | watching yesterday and the day before for about two minutes go to a daily |
| 973 | 03:16:12 --> 03:16:37 | Bitcoin came to mind Oh shit. Oh, shit, Virginia. I was watching this guy on YouTube. What's his name? Again? I've periodically looked at him over the years. |
| 974 | 03:16:38 --> 03:16:49 | He's one of those conspiracy guys that always talks about something after it starts the what is it mean? He's got this thing with crypto and Bitcoin I don't |
| 975 | 03:16:49 --> 03:17:03 | remember his name off top my head. But he said that's the low. That's the low. Apparently that's the low now. This looks real smooth. Don't Don't don't look |
| 976 | 03:17:03 --> 03:17:16 | real smooth. Even if this thing does want to go to a million like you think it will. It's not. This is pretty good run down there and knock out some people. |
| 977 | 03:17:16 --> 03:17:31 | Like if I was making Bitcoin, if I was making the market for this, I would run all the way down here and take out 50,500 50,002 50 and then send it up here if |
| 978 | 03:17:32 --> 03:17:43 | I was going to drive it there. But I think we're going to see some heartbreak in this. It's unfortunate. I'm not trying to make fun of anybody. I really am not. |
| 979 | 03:17:44 --> 03:18:03 | But yeah, nothing's going to be exempt from what's coming. This is it's not good. Crude oil. Let's take a quick look at that. Ready? rotted, equal highs as |
| 980 | 03:18:03 --> 03:18:18 | brilliant, just like these in here. All it takes is a skirmish and Passover is now done for the Jews. So I expect whether by proxy or inline direct, it's gonna |
| 981 | 03:18:18 --> 03:18:33 | pick up again and then we'll see crude oil over $175 a barrel. Not right away. But we'll see. We'll see it so if you got 80 on the course like me, you better |
| 982 | 03:18:33 --> 03:18:43 | expect to be paying more money for gas if we're even gonna get this like in the 70s there was an embargo young guys don't know anything about that. I remember |
| 983 | 03:18:43 --> 03:18:54 | seeing lines of cars down the road and you can only get a few gallons that was it. And people were fighting and getting stabbed and shot all up. It was not it |
| 984 | 03:18:54 --> 03:19:14 | was cool cooker. See? I think she's retraced retrace on that in that much prettier the Bitcoin face better to sexual child I wouldn't be able to get away |
| 985 | 03:19:14 --> 03:19:24 | with that if my wife wasn't here. I had to tell her because she's not there on the deck. And why and we'll take a quick look at that when appropriate for your |
| 986 | 03:19:24 --> 03:19:40 | time together to close. I literally I hate this indicee Raider. Like I hate it. It's like the Swiss franc of forex for me. Well, no. See, I can tolerate more |
| 987 | 03:19:40 --> 03:19:48 | than the yen. I absolutely. I loathe the yen and they're getting smashed right now. |
| 988 | 03:20:02 --> 03:20:13 | For the folks earlier that were listening to me say, can you talk more about institutional order flow entry jail, and I did mention it. What is an |
| 989 | 03:20:13 --> 03:20:18 | institutional order flow interview? It's this right here. |
| 990 | 03:20:24 --> 03:20:38 | The gap is this candles low, that candles high midpoint or consequent encouragement doesn't get touched. That's here. There are times, and this is |
| 991 | 03:20:38 --> 03:20:51 | where you want to write this stuff down, folks, there are times when you have a fair value got form, and where it is, in relationship to the present market |
| 992 | 03:20:51 --> 03:21:04 | structure. And I'm gonna explain that in a second. Where it's advantageous for you to anticipate and expect it to not even trade halfway. And if it's going to |
| 993 | 03:21:04 --> 03:21:16 | do that, it's going to dip inside of the gap, and go just below the candle that frames the fair value gaps high by one, Pip, tick, whatever the smallest |
| 994 | 03:21:16 --> 03:21:30 | fluctuation, that's all it requires. So the easiest way for you to be in sync, to look in, capitalize jump on a entry, whether it be a fair value gap, or a |
| 995 | 03:21:30 --> 03:21:39 | institution order for interior and the beginning, you're going to wrestle with knowing when one is in when it's not a institutional or for interview, sometimes |
| 996 | 03:21:39 --> 03:21:47 | you'll think it's an institutional offering to drill, and then it'll close the gap entirely. And because of what I've taught, and because you want it to not |
| 997 | 03:21:47 --> 03:21:54 | close, it'll make you nervous, because you're probably going to be over leveraged chain, taking larger size trades bigger than you should have for that |
| 998 | 03:21:54 --> 03:22:01 | trade. And it's going to invite all this excitement that would otherwise not be there, if you simply treated with the smallest of leverage until you learn how |
| 999 | 03:22:01 --> 03:22:12 | to trade well. The way you do it, is you simply use the low of the candle. That's your limit order. So that way, it only requires that one tick into the |
| 1000 | 03:22:12 --> 03:22:24 | fair value gap. If you start training yourself to use that for your fair value gap entry point. And then using the low the body over here, that's your risk. |
| 1001 | 03:22:24 --> 03:22:33 | Well, that's a lot, okay, it might be a lot, but there's micro contracts out there. There's no necessity because your funded account company wants you to |
| 1002 | 03:22:33 --> 03:22:38 | blow your account so they can make money because that's how they make money. I'm gonna be real honest with you give me a second because I gotta get this off my |
| 1003 | 03:22:38 --> 03:22:50 | fucking chest. This is exactly what Forex was like, Okay, this is exactly what Forex was, like, in around 2006, when I made the transition from predominantly |
| 1004 | 03:22:50 --> 03:23:04 | just commodities and futures. And I was just dabbling, just dabbling. In Forex a little bit. I always traded currency futures. But I was like, You know what, I |
| 1005 | 03:23:04 --> 03:23:18 | think I'm going to abandon commodities and just dive on in to just Forex. And there were times where brokers were like, Look, you can't get in and get out, |
| 1006 | 03:23:18 --> 03:23:28 | like, you got to hold it. You can't be getting in and getting out. And that created the problem. And then we had all these issues where people were getting |
| 1007 | 03:23:28 --> 03:23:41 | defrauded, and not seeing their stop loss honored. And for people like me who recorded my screens. You, you had evidence to prove that you had this and it |
| 1008 | 03:23:41 --> 03:23:54 | didn't fill but other brokers were able to fill out those orders. So it proved you know, that that was not good business, and they were cannibalizing their own |
| 1009 | 03:23:54 --> 03:24:08 | customers in their own liquidity pool. So all those factors led to the eventual regulation by the CFTC, which was absolutely needed and welcomed. Okay. Right |
| 1010 | 03:24:08 --> 03:24:14 | now, all these funded account companies, you've seen some of them fail, some of them said, Okay, we're gonna stop for a little while, and others have been |
| 1011 | 03:24:14 --> 03:24:30 | already tagged by the CFTC and smashed. Some of them are coming out now and saying, you can't get in and get out. Because it's not profitable for us. Well, |
| 1012 | 03:24:30 --> 03:24:40 | there is the underlying issue, and regulators now because it's been expressed in that same tone. Watch and see exactly what I told you last summer and Twitter |
| 1013 | 03:24:40 --> 03:24:54 | spaces. This venue that you have right now, these funded account companies, they are going to be gone. They're going to be going, okay, there are they're their |
| 1014 | 03:24:54 --> 03:25:03 | own little Ponzi scheme. And granted, you know, the majority of people Don't know how to trade, they don't have to manage money they over, they over trade |
| 1015 | 03:25:03 --> 03:25:14 | they over leverage, and they're reckless in their game. And that's their business model. Okay? If you were not trading demo, and you were trading with |
| 1016 | 03:25:14 --> 03:25:22 | real money, even when they're funded accounts, any fees that they ask for, it could be taken out of that account. Just like a real brokerage firm, when you |
| 1017 | 03:25:22 --> 03:25:34 | have to pay for fees, and commissions, they don't ask you to pay by credit card. It's a component of the account. So now I know right away by saying this, your |
| 1018 | 03:25:34 --> 03:25:42 | truck he's calling the end of the whole? Well, it primary may take a little bit of time, but it's going to be it's going to be gone. And it's going to be met |
| 1019 | 03:25:42 --> 03:25:54 | with regulation first, preferably. But here's the problem with that. You're asking the governing body, the cowboy police, of commodity markets and futures, |
| 1020 | 03:25:54 --> 03:26:08 | in forex, to just turn the cheek to let this industry make millions and millions of dollars and have pretty much free rein to do whatever they want to do how |
| 1021 | 03:26:08 --> 03:26:19 | they want to do it. You can't get in and get out of the trade, where you're scalping these micro scalping techniques, because that it's not profitable for |
| 1022 | 03:26:19 --> 03:26:33 | us. See brokers in in the markets used to try to do that too, until they said you can't do that. So their only combat was, well, we'll just start fucking with |
| 1023 | 03:26:33 --> 03:26:45 | your fills will require you. And that's how they do it. Oh, you record me the time it takes for you to sit there and say, give me a record or give me a record |
| 1024 | 03:26:45 --> 03:27:00 | and I keep doing it. That was their answer. And then eventually, regulation kicked in even more. And now, the better businesses, the upstanding firms. But |
| 1025 | 03:27:00 --> 03:27:07 | all brokerages suck, don't get me wrong, all of them have something wrong. There's no perfect broker, and you're always gonna hear horror stories. And |
| 1026 | 03:27:07 --> 03:27:17 | every brokerage firm I ever traded with has done something that I either frowned upon, or didn't like. Now, is it worth me going out on a soapbox and tell you |
| 1027 | 03:27:17 --> 03:27:27 | the names of the companies and what they did specifically? No, it doesn't really it doesn't serve a purpose. That sounds like a sorry loser to do that. But I say |
| 1028 | 03:27:27 --> 03:27:35 | that, because there's a lot of things that brokerage firms get as far as flack that it's unwarranted, because it's usually just people that don't matter |
| 1029 | 03:27:35 --> 03:27:42 | fucking trade, they've had no business being in there. And they want to fault the broker like they did it to them. They may have beat both you. But if you're |
| 1030 | 03:27:42 --> 03:27:49 | wrong, you deserve to lose your money anyway, you would have lost it to someone else in the marketplace. But these funded accounts, those orders are not going |
| 1031 | 03:27:49 --> 03:28:05 | into the marketplace. There aren't. And you're playing a game with them. If you know how to really, if you really know how to trade. You literally as a |
| 1032 | 03:28:05 --> 03:28:17 | community could shut them all down. And the more people that learn how to trade and trade Well, it's getting harder for them to have that margin of |
| 1033 | 03:28:17 --> 03:28:29 | profitability. And when a handful guys or gals go in there, and they know what they're doing. You see it with casinos, they don't let card counters in. And if |
| 1034 | 03:28:29 --> 03:28:37 | you start getting wildly profitable, they're gonna look for some bullshit to say you're breaking rolls. You can't be here, it's not profitable for us to get |
| 1035 | 03:28:37 --> 03:28:45 | booked. So basically, you're asking to have a bull's eye placed on you for the regulator's because that's exactly what you're going to do. And it's going to |
| 1036 | 03:28:45 --> 03:28:54 | snowball in every firm, they can talk their bullshit to say face all they want, but it's eventually going to steamroll over every single one of them. Now, |
| 1037 | 03:28:54 --> 03:29:03 | that's not an invitation for you to get this one out there. You just told me I have to do a real quick No. Don't do it quick. Don't do it quick. I don't know |
| 1038 | 03:29:03 --> 03:29:13 | when it's going to happen. But I know it's going to happen. And with everything else that's coming us that trade in real brokerage firms with real money. You |
| 1039 | 03:29:13 --> 03:29:21 | think they're just going to sit back and let us do what we want to do to talk now. Biden's talking about a 44% Capital Gains Tax and guess what? He's talking |
| 1040 | 03:29:21 --> 03:29:33 | about taxing unrealized gains? Who the hell mentioned that a year and a half ago. It's like time traveling. It's just it's just, it's what they're gonna do. |
| 1041 | 03:29:34 --> 03:29:42 | Now, you might say, well, they're not going to pass that. Yeah, just like they said they weren't gonna pass Obamacare. Just like they said they weren't going |
| 1042 | 03:29:42 --> 03:29:55 | to pass these bullshit bills. They can't do that. It's one party, one bird. Two wings are the same thing. And you can deny it all you want. But this last |
| 1043 | 03:29:55 --> 03:30:08 | bastion of freedom and enterprise and making money that we call trading They're going to be in this thing to messing it all up. And what's the surest way of |
| 1044 | 03:30:08 --> 03:30:17 | messing it all up, manipulating manipulation and causing ridiculous price moves and claiming liquidity problems. |
| 1045 | 03:30:17 --> 03:30:25 | There's never a liquidity problem. There's always somebody out there wanting to trade, always someone out there with more information than you. That's just the |
| 1046 | 03:30:25 --> 03:30:32 | excuse. That the excuse and well, it's plausible. So therefore, you know, we got to eat it and believe it, and anybody goes against that, Oh, you don't know what |
| 1047 | 03:30:32 --> 03:30:39 | you're talking about. You're a scammer, you're a fraud, you're, you know, somebody that shouldn't be listened to. I'm patting the fucking 1000 Folks, |
| 1048 | 03:30:39 --> 03:30:50 | everything I've said that's supposed to happen is coming, your Bitcoin will be zero, I promise you that it will be fucking zero. Every cryptocurrency zero. But |
| 1049 | 03:30:50 --> 03:31:01 | their central bank digital currency, that won't be zero. That's what's coming. Your Bitcoin was a Trojan horse. And a lot of you did it, hook line and sinker. |
| 1050 | 03:31:02 --> 03:31:11 | But all of us that are trading real markets, were going to have the short end of the stick to, and they're gonna make it hard. And it could present an |
| 1051 | 03:31:11 --> 03:31:22 | opportunity for them to take away maybe for a short period of time or indefinitely. Our ability to do this, and they may make it only for institutions |
| 1052 | 03:31:22 --> 03:31:30 | to do it. Because think about it. If they're gonna have a central bank digital currency, that means they have a currency that expires it has an expiration |
| 1053 | 03:31:30 --> 03:31:44 | date. That means if you don't spend it, it's no longer useful. It means it's a credit. It's not a currency. It's a credit. That can be discontinued when they |
| 1054 | 03:31:44 --> 03:31:51 | when they say so. And what are you going to have alternative to do nothing? Because cash is gonna be outlawed. They're going to take it away? Oh, well, I'm |
| 1055 | 03:31:51 --> 03:32:00 | gonna use cash. Yeah, well, you're just gonna be barter systems. And that's, that's fine. It's always gonna be a black market. But you won't be able to home, |
| 1056 | 03:32:01 --> 03:32:10 | you're gonna lose your home, I'm ready to lose my shit. I'm ready. I'm not here. I'm not tied to this world, where if I don't have the monetary things I have, |
| 1057 | 03:32:11 --> 03:32:21 | I'm gonna lose my shit. I don't, I don't want to be here, I want to be with the Lord. I'm ready for it. Everything around you is pointing to that. You can't see |
| 1058 | 03:32:21 --> 03:32:32 | it, you're you're blind. But if you don't have the central bank, digital currency to pay your property tax on the house that you own, but you got to pay |
| 1059 | 03:32:32 --> 03:32:42 | the government rent every year, or they'll take it from you. If you don't have the central bank, digital currency to pay those property taxes, but you they |
| 1060 | 03:32:42 --> 03:32:51 | already had the system in place. They take your property. insurances, car insurance, a lot of people don't know it. But really, that's a government |
| 1061 | 03:32:51 --> 03:33:01 | sponsored program, the agencies only get a small piece of it. You have to have car insurance. You can't legally drive your vehicles, unless you pay for car |
| 1062 | 03:33:01 --> 03:33:09 | insurance. If you don't have the central bank, digital currency, you can't get car insurance. You can't do that. You can't get the tag to drive that electric |
| 1063 | 03:33:09 --> 03:33:17 | car they want everybody to have which can be turned off by Wi Fi. If you ain't doing what you're supposed to do on social media. If you do something like I'm |
| 1064 | 03:33:17 --> 03:33:30 | doing right now, they turn your shit off. To the sound like I'm worried about ad revenue right now. No, I'm not worried about Avenue. I'm worried but none that |
| 1065 | 03:33:30 --> 03:33:42 | shit. None of that stuff. I'm not worried about it. You're not going to stop it. It's coming. Trump ain't gonna change it. And we're not going to have a normal |
| 1066 | 03:33:42 --> 03:33:53 | election. And if you can't see everything, building up and building up and building up and we're gonna have a shitstorm in these markets. mid summer to |
| 1067 | 03:33:53 --> 03:34:13 | fall it's gonna be absolutely in sane clown town. It's gonna be nuts. Nuts, and I'm here for it. I'm ready for it but you came here to watch and learn about |
| 1068 | 03:34:13 --> 03:34:18 | waterblock so I shouldn't talk about that other stuff |
| 1069 | 03:34:24 --> 03:34:37 | Robins GO TO FUCKING challenge. Alright, so we're looking at relative equal lows here. So going into the afternoon session, this is what you should be mindful. |
| 1070 | 03:34:37 --> 03:34:57 | Okay. Key Levels. Right here, delete that beautifully. So lunch macro. The usual. Mo is to see them run any liquidity that has been left in the morning |
| 1071 | 03:34:57 --> 03:35:09 | session during the lunch hour. And then resumed the existing direction of trend. You don't want to think that on FOMC morning or going into the lunch hour, okay? |
| 1072 | 03:35:09 --> 03:35:22 | What you want to look for is like bookends or kind of like the ceiling and the floor, what's the what's the best? Okay, guess near term? Because that's the |
| 1073 | 03:35:22 --> 03:35:27 | best word to use. We're the best near term by side. That's here. |
| 1074 | 03:35:32 --> 03:35:43 | And the sell side is here. Okay. And you want to just have these on your chart? Why am I doing it? Now? It could change, right? It doesn't matter. Because right |
| 1075 | 03:35:43 --> 03:36:00 | now we are in the lunch window. But 1130 starts New York lunch. For me, personally, it's 1130 to 130. So it's not an hour long. It's two hours. So I |
| 1076 | 03:36:00 --> 03:36:09 | want to define where the parameters are for buy side liquidity, buy stocks where that is, and where to sell stops are, even if because of the day that we're in |
| 1077 | 03:36:09 --> 03:36:24 | this FOMC. If it wasn't FOMC, it would not be used once and then use later on. Again, we're Fs FOMC. It can think about like what I teach you with the Fair Pay |
| 1078 | 03:36:24 --> 03:36:32 | Gap. When it closes it in, we're not done with it. We don't discard it and throw it out. So okay, well, that's one and done. It's over with, there's no more need |
| 1079 | 03:36:32 --> 03:36:42 | for it. Because now it's been rebalanced. That's not rebalanced. That's just repriced, it can use those same specific price points in the future throughout |
| 1080 | 03:36:42 --> 03:36:55 | the day, and as long as a week, five days, then I'm no longer interested in. Well, that's a lot of fair value gets right. If you're going to put every single |
| 1081 | 03:36:55 --> 03:37:04 | one of them on there, without any framework, or any context, or any narrative behind why you're even using them. Oh, this is too complicated. I'm gonna go |
| 1082 | 03:37:04 --> 03:37:10 | watch somebody with indicators go do that. If they never manage money, well, they probably will teach you how to be profitable. There's nothing wrong with |
| 1083 | 03:37:10 --> 03:37:20 | that stuff. If you manage risk, you can flip a quarter and make money. I am just different. Like, I want to know what I expect to see in price and I want to see |
| 1084 | 03:37:20 --> 03:37:33 | it do it more times than not, then I can trust it. And I have a belief that I can transfer this information and understanding to other people. And I've proven |
| 1085 | 03:37:33 --> 03:37:40 | it, because they're doing it without me telling them what to do. And they're making money. Using the logic that I've made available on this YouTube channel |
| 1086 | 03:37:40 --> 03:37:50 | for free. You should not be buying anything ICT from anybody else, because it's right here. I promise you, it's right here. There's nothing extra you need to |
| 1087 | 03:37:50 --> 03:38:01 | pay for. And nobody's going to explain anything better than what you're getting it right here. It's just a lot of content and you can't get around it. So that's |
| 1088 | 03:38:01 --> 03:38:14 | the business for NASDAQ. And I think yeah, at two o'clock leading into two o'clock, the first run, remember that you usually the fake moon, that's usually |
| 1089 | 03:38:14 --> 03:38:27 | the fake moon. And then at 230 when they start the conference. Powell is a little bit like me, okay, we share something in a in a lot of ways. He likes to |
| 1090 | 03:38:27 --> 03:38:37 | talk. And I love to inform and teach. Okay, so it used to be other Fed chairman. It wouldn't be so long winded and you're like, Okay, well, this is what he or |
| 1091 | 03:38:38 --> 03:38:47 | she or he's saying, and it's right quick break quite quick to the point you can figure out what it is they're gonna try to do and watch price I can do it. He |
| 1092 | 03:38:47 --> 03:38:55 | tends to go on a little bit. So why I never listened to him. I don't never listen to any of the Fed Chairman's, don't care what they say. Because really, |
| 1093 | 03:38:56 --> 03:39:04 | it's whatever they say. The guys that really run the show are going to do what they want to do. They're not doing in price action, what Fed Chair Powell or any |
| 1094 | 03:39:04 --> 03:39:13 | other Fed Chair wants to do. They're not running the market. They're just the Muppet. And the people that really run the show have their hand up their ass, |
| 1095 | 03:39:13 --> 03:39:23 | and make them say what they want them to say. The he's saying a script. And you don't believe that's a script. Listen to the soundbites of the speeches that he |
| 1096 | 03:39:23 --> 03:39:37 | gives. They're usually the same fucking speech almost verbatim. With all the things going on the world and the US all the money that's been thrown away. You |
| 1097 | 03:39:37 --> 03:39:47 | would think he had something, some different to say, and how what the solution might be, but it's the same stuff. But they bank on the fact that you have short |
| 1098 | 03:39:47 --> 03:39:55 | attention span, tick tock mentality, and you're not going to go back and listen to what they said the previous time. That's why I don't need to listen to it, |
| 1099 | 03:39:55 --> 03:40:04 | because it's all scripted nonsense. None of the things they're saying Ain't has any bearing on what price is going to do period. Because the price is going to |
| 1100 | 03:40:04 --> 03:40:13 | do what the market makers are going to do. The central banks run everything. They run everything, everything, everything you buy off the shelves at the |
| 1101 | 03:40:13 --> 03:40:19 | grocery store, they own that every conglomerate is part of a larger umbrella that they own. |
| 1102 | 03:40:24 --> 03:40:35 | That's that's the world we live in. And if it's that controlled, that means it's rigged. If it's rigged, that means it has repeating phenomenon, because it would |
| 1103 | 03:40:35 --> 03:40:43 | not be effective to lure people in, if it was completely, always 1% Random carnage all the time, which is exactly what real buying and selling pressure |
| 1104 | 03:40:43 --> 03:40:50 | would create, if that's exactly what the fuck was going on. And that doesn't happen, folks, we could crash these markets, or we could send them to the moon |
| 1105 | 03:40:50 --> 03:41:08 | in any given day. But it doesn't happen. But when they want things to crash, they crash them. And you're watching that controlled demolition right now. And |
| 1106 | 03:41:08 --> 03:41:25 | for years, it's been going on. So on that warm and fuzzy note. This guy is evil, he's talking all this nonsense and he's happy. I'm happy because I am not of |
| 1107 | 03:41:25 --> 03:41:38 | this world. I'm just passing through. And it's not my home. So I can look at this world and see it for what it is. And not be tethered to it and chained to |
| 1108 | 03:41:38 --> 03:41:50 | it. And I need to have my wealth. I need to have my homes. I need to have my cars I need to have my toys. No, no. I got a treasure inside me. That's worth |
| 1109 | 03:41:50 --> 03:41:59 | more than all that stuff is worth more than any accolades. You guys can give me on the internet and lift me up and treat me as a hero. It's all bullshit. It's |
| 1110 | 03:41:59 --> 03:42:12 | nonsense. It's nonsense. You don't worship anybody. No Man, No Woman, none of these people out here. No public figure, no trader does well pretends to do well |
| 1111 | 03:42:12 --> 03:42:22 | teaches something special has a specific product. There are no demigods. There are no goats. There are no heroes in on the highest on that list. That is not |
| 1112 | 03:42:22 --> 03:42:35 | any of that. And that's the truth. That's the reality. You have to be the person you trust. By looking at the shards, you have to be the person that you rely on. |
| 1113 | 03:42:36 --> 03:42:49 | Because nobody else is pushing that button that you and the outcome and the results are all yours. And if it's pain that you brought on yourself, suck it |
| 1114 | 03:42:49 --> 03:43:05 | up, buttercup. And when it's sweet victory cipet make it last longer. You don't need the splash in everybody's face with the setback. relish the idea that you |
| 1115 | 03:43:05 --> 03:43:15 | could be a jerk and go through and show everybody, but so much sweeter when you sit in your in house. And the whole world thinks that you wasted your time. |
| 1116 | 03:43:15 --> 03:43:33 | You'll never arrive. You'll never get it. And you're living it now, albeit, how long will you be able to enjoy it? I don't know. I don't know. We'll be sudden. |
| 1117 | 03:43:33 --> 03:43:41 | And we have all kinds of problems where we can't do these things. Maybe. But wasting time worrying about because I saw a guy leave comment. Usually I hear |
| 1118 | 03:43:41 --> 03:43:49 | you talking about all this stuff. ICT. I'm gonna say this, I'm gonna close. If you don't wanna hear this stuff you can close as a trading partner. The guy |
| 1119 | 03:43:49 --> 03:43:59 | says, if you're saying all this stuff's gonna happen. Why should I take any time to learn your stuff or even worry about trading? Because nobody knows how long |
| 1120 | 03:43:59 --> 03:44:10 | it will last until you can't do it. So you're just going to just not do it at all. If it's something that you're you're working towards to help provide for |
| 1121 | 03:44:10 --> 03:44:21 | you and your family, feed yourself how'd that a losing proposition like that? Like that's an insurance policy. Like you're you're working towards something |
| 1122 | 03:44:21 --> 03:44:29 | that may not hit, you know, trading isn't profitable for everybody. I mean, you could, you could spend a lot of time trying to do something and it not work for |
| 1123 | 03:44:29 --> 03:44:36 | you, but still have a lot of time working towards doing it because it's a hobby, right? Not everybody can be a basketball player on NBA not everybody can be a |
| 1124 | 03:44:36 --> 03:44:52 | NASCAR driver, but you could be an enthusiast and and be a part of it. But what happens if you do try? It puts a little bit of paper in your pocket allows you |
| 1125 | 03:44:52 --> 03:45:07 | to pay for your gas. And if that's all it is, your gas is gonna go up a lot That's a big burden off of you. If you have children, knowing that you can |
| 1126 | 03:45:07 --> 03:45:17 | afford a little bit more for groceries, because you can go without eating, I know I could go without eating for one meal a day, skip a day, one meal a day, |
| 1127 | 03:45:17 --> 03:45:27 | skip a day to make sure my family ate. And I can I can do I could do that. A parent, a father, a mother, they're willing to do those types of things. But you |
| 1128 | 03:45:27 --> 03:45:40 | would never let your children do that. Your ROPs deal and kill for your kids. And that's understandable. Any parent would? So if you're saying, why bother if |
| 1129 | 03:45:40 --> 03:45:53 | you have children? I don't understand that question. Because if I wasn't in the situation I am, and I'm blessed, like I am blessed. But also know that I'm |
| 1130 | 03:45:53 --> 03:46:07 | holding on to this world with very, very open hands. I don't care what this world becomes. It's doomed. All this Green Deal stuff, the Lord says he's gonna |
| 1131 | 03:46:07 --> 03:46:13 | make a new heaven and new earth, this thing's going away. He's gonna make a new one. So why are we worried about protecting it, it's not to say that you should |
| 1132 | 03:46:13 --> 03:46:21 | go out there and just tear it all up intentionally. But all these ideas, they're all flawed. They're trying to promote the idea, there is no creator, there is a |
| 1133 | 03:46:21 --> 03:46:37 | Creator, and we're all you accountable to him. Whether you like it or not, you're all going to meet him. But to have no interest at all, I'll try to see if |
| 1134 | 03:46:37 --> 03:46:47 | you can better yourself. It doesn't cost you anything. Like I'm not charging anything, any money to sit down and study these things. And you don't have to |
| 1135 | 03:46:47 --> 03:46:55 | watch my videos from YouTube, where I get ad revenue. I've already told you download them. I don't care. I don't need that money. I don't need it. What What |
| 1136 | 03:46:55 --> 03:47:02 | YouTuber would be out there telling you don't watch my videos, just download. Nobody's gonna tell talk to you like that. They want you to keep coming back. |
| 1137 | 03:47:05 --> 03:47:14 | How many videos ever been making recently I'm not I'm not interested in that. I certainly could have used as a distraction, with all the things that was going |
| 1138 | 03:47:14 --> 03:47:26 | on with my mother in law. But I don't need the money. But all of you may not be in that same situation or circumstance in life, where maybe you do feel the |
| 1139 | 03:47:26 --> 03:47:35 | pinch. And everything's extremely expensive right now. And maybe some of you are scared. I get emails from people all around the world saying, wow, you know, the |
| 1140 | 03:47:35 --> 03:47:42 | things you said I thought you were a crackpot. And now, literally, all these things are happening. And I didn't prepare, I didn't do anything. I didn't even |
| 1141 | 03:47:42 --> 03:47:49 | learn how to trade and I'm starting to panic. But that was the reason why I told you these things. So that way, you wouldn't end up in a situation where you are |
| 1142 | 03:47:49 --> 03:48:01 | panicking, and you have little, little time, little resources available. A lot of you listening to me, were there in Twitter when I was doing Twitter spaces. |
| 1143 | 03:48:03 --> 03:48:18 | Look around. Do you think America is the America that everybody knows it's not. And it's not going to be at all resembling what it was created to be. Trump's |
| 1144 | 03:48:18 --> 03:48:27 | not going to change anything. Nobody's going to come here and fix it for you in politics, it's going to get expensive, it's going to get uncomfortable, things |
| 1145 | 03:48:27 --> 03:48:38 | are going to be hard to get. And it's going to be extremely expensive for everything. And having the kind of money I have doesn't exempt me from all those |
| 1146 | 03:48:38 --> 03:48:53 | things. It doesn't exempt me from that. I have to take care of family members and friends because they can't do it. It's hurts because they do everything that |
| 1147 | 03:48:53 --> 03:49:03 | they're supposed to do. They go to work. They save money, how they can they don't live above their means, and they still can't make it. And they're ashamed |
| 1148 | 03:49:03 --> 03:49:11 | when I have to give them help. And I feel uncomfortable because they feel ashamed. And it's like I want to do more. And they're telling me I don't want |
| 1149 | 03:49:11 --> 03:49:22 | what you have. But I don't take I don't have it. There's a lot of people that come to me and they expect some kind of magic thing that happened real quick for |
| 1150 | 03:49:22 --> 03:49:36 | them. And I'm telling you in Jesus name, I wish I had a fast fix for it. Because I would give it but it takes time. It takes time and effort. And it's hard right |
| 1151 | 03:49:36 --> 03:49:49 | now, these markets are not easy. They're very, very hard. And it might get harder before the end of the year. Nothing's promised, what I believe and I have |
| 1152 | 03:49:49 --> 03:50:00 | faith about how the markets may present certain opportunities now I might be wrong. We might have something happen. What happens if a bomb blows literally is |
| 1153 | 03:50:00 --> 03:50:21 | dropped in Chicago and in New York. Who's trading in? What happens if a bombs dropped in London? Chicago and New York? What do you think that's gonna do? You |
| 1154 | 03:50:21 --> 03:50:24 | think you're gonna be able to get out of your trade you held overnight. |
| 1155 | 03:50:25 --> 03:50:38 | You think you're gonna get right back to the swing of things and a couple days a week or two. Listen to the language they're using the things that are |
| 1156 | 03:50:38 --> 03:50:52 | discussing. They can't scare us anymore with COVID. They can't scare us anymore. With, you know, silly stuff. What's common is gonna scare everybody. You see a |
| 1157 | 03:50:52 --> 03:51:03 | mushroom cloud in any part of any country, immediately, palms are going to start sweating. And that's what they want. They're not trying to nuke the entire |
| 1158 | 03:51:03 --> 03:51:17 | world. But I'm telling you, one of them is coming. And it will be in mainland. us we're going to I'm telling you, I'm telling you, it's going to happen. |
| 1159 | 03:51:18 --> 03:51:29 | They're telegraphing it. They're preparing you for it. You're seeing the Fallout series they put on Amazon. I like playing the game, by the way. The opening |
| 1160 | 03:51:29 --> 03:51:48 | scene, you see other mushroom clouds it's interesting. It's timely. Right when COVID began, they had all the contagious movies. on Netflix, they were prime in |
| 1161 | 03:51:48 --> 03:51:59 | you. So that way, when one of them it need not do a maximum amount of damage. But guess what happens when you drop one, they got it in everybody's head, that |
| 1162 | 03:51:59 --> 03:52:08 | the fallout, you can't taste it, you can't smell it, you can't see it. Stay in your house, you're gonna stay in your fucking house. If it happens in in your |
| 1163 | 03:52:08 --> 03:52:20 | general vicinity, you're gonna stay in your house. They want control. And then they're gonna go right back to doing what they did in September 11 2001. You're |
| 1164 | 03:52:20 --> 03:52:33 | gonna have communications on your TV and on your phone. Okay, we're at terror level read. And I had anxiety out the ass then. Because I was afraid for me and |
| 1165 | 03:52:33 --> 03:52:37 | my family. I kids, I was scared for them. |
| 1166 | 03:52:42 --> 03:52:49 | And that's what they want. Because fear controls. I'm not afraid. If you're going to drop a bomb, just drop it right here in fallston, Maryland in that |
| 1167 | 03:52:49 --> 03:52:56 | lead, just go out with a suntan. Because I ain't worried about it. I don't lose sleep over it. I ain't worried about it. They can drop bombs all over the place. |
| 1168 | 03:52:56 --> 03:53:09 | It's terrible that people are going to die. But we're not going to stop it. I'm not going to live in fear. I'm not living in fear of that stuff. But all these |
| 1169 | 03:53:09 --> 03:53:16 | things while you may not feel that they're convenient to listen to or have anything to do with you, because maybe you live in a part of the world that it |
| 1170 | 03:53:16 --> 03:53:27 | has somehow somehow impact you will, especially if you're trying to trade everyone listening to me right now we're all connected with a common interest in |
| 1171 | 03:53:27 --> 03:53:35 | the markets. In everything that they're doing right now, the rhetoric, the things they're talking about the way they're throwing money around. They have |
| 1172 | 03:53:35 --> 03:53:45 | billions and billions of dollars to give to another country who is literally stealing the money and buying mansions all around the world and supporting the |
| 1173 | 03:53:45 --> 03:53:57 | closure and denying the border access of their country and paying pensions for people running businesses in that country. But they're letting our country |
| 1174 | 03:53:57 --> 03:54:13 | circle the toilet. Get me to get flushed. Does that make you feel? How's that make you feel as an American? See, Democrats are waking up to that shit to |
| 1175 | 03:54:13 --> 03:54:31 | really this is this is dumb. Like what's going on here right? To have been talking about since 2016. Spring 2016 Trump's not your answer, folks. He's not. |
| 1176 | 03:54:33 --> 03:54:45 | I don't I don't know what the answer is. I mean, Christ is obviously but apart from him, nothing's getting fixed. We're too far out in left field. For any |
| 1177 | 03:54:45 --> 03:54:59 | person with a sane mind and have any position in this world right now. That's going to be able to fix it. But there's somebody coming that's going to pretend |
| 1178 | 03:54:59 --> 03:55:05 | that he does us for a little while, a lot of you might be here and believe it |
| 1179 | 03:55:10 --> 03:55:26 | I told you there's gonna be some science fiction level stuff coming. We saw aliens. They even brought out little alien bodies. You see? Ridiculous. But |
| 1180 | 03:55:26 --> 03:55:34 | that's all priming. That's all priming, that's going to be the perfect excuse for the heart pods. And when everybody's trying to figure out what their loved |
| 1181 | 03:55:34 --> 03:55:44 | ones are. That's the excuse. Well, that's what that was, we saw all that happening. That's what it is. They're making perfect little storylines, the |
| 1182 | 03:55:44 --> 03:55:53 | excuse of how all this happens. And then they're gonna be able to scare you to stay indoors, don't write, don't protest, don't do anything to disrupt |
| 1183 | 03:55:53 --> 03:56:03 | everything while we're doing what we're doing. And that's just the way it works. That's the way it is. You can't stop it. Your second amendment rights ain't |
| 1184 | 03:56:03 --> 03:56:14 | gonna help you fix it either. I'm a registered gun owner, and I'm telling you, that ain't gonna fix it either. That's what they want you to do. They want you |
| 1185 | 03:56:14 --> 03:56:21 | to act up. They want you to go out there. They want people so pissed off. They want the these kids in these colleges that are being paid to do that stuff. They |
| 1186 | 03:56:21 --> 03:56:28 | don't even know what their hell they're protesting. Ask them they're quiet. They think they're, you think that they're being rebellious by not saying anything, |
| 1187 | 03:56:28 --> 03:56:40 | they don't know what they're doing it for. They just know they're getting paid to do it. And that's going to ramp up more and more and more and more. In this |
| 1188 | 03:56:40 --> 03:56:54 | summer is going to be nuts. And you think that's not going to have an impact on the markets? It will? Absolutely well the guys that were in my mentorship that |
| 1189 | 03:56:54 --> 03:57:01 | quit when I started telling her about what's going to happen in 2020 Oh, man, you're nuts. They're not going to shut down the economy not gonna do this. We're |
| 1190 | 03:57:01 --> 03:57:12 | not going to do that. I said, all these things are gonna impact the market. Look, I'm out here, Celia. Every single one of them are looking for the same |
| 1191 | 03:57:12 --> 03:57:22 | thing around the world just like you and I are in many of them begged to get back into mentorship. And I was simply no. Loop |
| 1192 | 03:57:29 --> 03:57:45 | now you're probably wondering why you know all this stuff? How did you know all these things will happen like this? One, I knew the book. I knew that. I'm not |
| 1193 | 03:57:45 --> 03:58:00 | claiming to be an expert. But I do know, the book. enough to know that. If you're looking you'll see it. And the same still quiet voice that guided me to |
| 1194 | 03:58:00 --> 03:58:12 | understand all the things that you're learning from. I didn't know why I was talking to people on Twitter in 2016. Before I did a mentorship. I was tweeting |
| 1195 | 03:58:12 --> 03:58:24 | stuff and warning about things. Even after I pressed the send button. I didn't even know why I was doing it. But I felt like I had to do it. And I would tell |
| 1196 | 03:58:24 --> 03:58:35 | my wife, I'm talking about things. I'm not a politician type person. Like I'm not into politics. Like I've never had an interest in it. But everything I said, |
| 1197 | 03:58:36 --> 03:58:45 | which I didn't understand why I was saying it then. But I could look back now and say Well, that wasn't guessing. And that wasn't me trying to pretend to be |
| 1198 | 03:58:45 --> 03:58:56 | something and it wasn't it was literally me being used as a soundboard to put it out there. When I got the Chicken Little memes made about me all that guy said |
| 1199 | 03:58:56 --> 03:59:16 | this and said that. And then march 2020 came in, everything changed. And we watched the largest theft and wealth transfer that's ever existed. And he |
| 1200 | 03:59:16 --> 03:59:28 | constantly kept you distracted with every new thing. While everybody forgot about what he did to everybody over the last three years and what they've hit |
| 1201 | 03:59:29 --> 03:59:39 | and people are in jail for things that the people that did it. They're just missing. They don't You don't get to see them in court. You get a picture drawn |
| 1202 | 03:59:39 --> 03:59:46 | over them. But we get to see Johnny Depp and Alex Jones trial. We get to see that |
| 1203 | 03:59:53 --> 04:00:06 | so while this is my last live stream, I want you to think about As we go into the summer, what you can do to keep you and your family safe and prepare for |
| 1204 | 04:00:07 --> 04:00:15 | whatever it is, is coming. Hey, you know what? I would love nothing more. And I said this in 2016. I said this in 2019. And Twitter, I said something really |
| 1205 | 04:00:15 --> 04:00:30 | Bad's coming worse than 911. And it's all about control. And in 2020, it was like high definition, resolution, I knew exactly what they're doing. And they've |
| 1206 | 04:00:30 --> 04:00:40 | been doing it lockstep one piece at a time falling into place. And I said it, then I will say, here, I hope I'm wrong. And I hope all of you get the laugh at |
| 1207 | 04:00:40 --> 04:00:58 | me. I'll laugh with you. But listen. What if it is like this, and you're not doing anything to prepare for it? You can't imagine the level of stress and |
| 1208 | 04:00:58 --> 04:01:07 | anxiety that you're gonna have. If you can't take care of your family. You got nothing, yet nothing to defend yourself when people start coming to your door, |
| 1209 | 04:01:07 --> 04:01:26 | because you might have something they can't get any more food. Clothes, clothing, resources, shelter. Listen, I want nothing more than to leave you with |
| 1210 | 04:01:26 --> 04:01:35 | my last last thing on a high note the like everything's Lamborghinis, and champagne and caviar, it's gonna be awesome. I told you when we were in Twitter |
| 1211 | 04:01:35 --> 04:01:49 | spaces, it's coming. Look around, just look around me and you can pretend it's not going to happen. If 10 is not real Oh, to this and to that, you're going to |
| 1212 | 04:01:49 --> 04:02:04 | have a different tune. Come mid summer, it's going to be a mess. In that will absolutely have a bearing on what these markets are doing. And how people spend |
| 1213 | 04:02:04 --> 04:02:15 | money, how much they have, what they're going to be able to do with it. And as soon as a central bank, digital currency is pushed on you, in every other |
| 1214 | 04:02:15 --> 04:02:31 | country. You can't do anything off of the blockchain without being recorded. You're gonna have every transaction recorded. And some of you will probably |
| 1215 | 04:02:31 --> 04:02:42 | think, well, you know, I don't do anything wrong. So who cares? But what happens when you don't do what you're supposed to do on social media? See, I'm, I'm |
| 1216 | 04:02:42 --> 04:02:52 | leaving social media because I have a tendency to say what the fuck I want to say. And I know that I'm not gonna be agreed with by some and maybe many of you. |
| 1217 | 04:02:54 --> 04:03:10 | When I mentioned Christ in a post, okay, and we'll do it in $30,000 a month in ad revenue. Even when I wasn't putting anything up. That post I mentioned about |
| 1218 | 04:03:10 --> 04:03:22 | Christ immediately took me down to only 40% ad revenue. I have the same amount of views that were coming in. So I have all the analytics that tell me what it |
| 1219 | 04:03:22 --> 04:03:28 | is. Now don't get me wrong. I'm not crybaby about, I don't care, they can take the fucking revenue away from you. I don't care, I don't need it. I don't need |
| 1220 | 04:03:28 --> 04:03:42 | that. I don't need it. I swear to you, I do not need that money. But I find it odd at a time when everybody is taking shots at the Lord. And they don't have |
| 1221 | 04:03:42 --> 04:03:51 | any time to listen to anything about him. And where some churches are kicking Bibles around like footballs and having male strippers dancing around. And |
| 1222 | 04:03:51 --> 04:04:07 | they're treating things that are supposed to be holy. In a manner that is, by by every definition, that's definitely a pastor. That's apostasy. It's literally, |
| 1223 | 04:04:07 --> 04:04:20 | we're in it, we're in that time. And if you have faith in Him, you're going to be persecuted. You're going to be vilified. You're going to be targeted. I don't |
| 1224 | 04:04:20 --> 04:04:31 | care. I don't care. Because I'm going to talk about anytime I can in every opportunity I can. I'm going to brag on him because I have what I have because |
| 1225 | 04:04:31 --> 04:04:45 | of him. Everything I've been able to do and accomplish has come from him. And I can't do anything apart from him. And it's his anyway. So if he wants to take it |
| 1226 | 04:04:45 --> 04:04:54 | from me, it's his the Tate. If he allows anyone else in the government say well, you don't have a right to talk about this anymore. We're going to take your |
| 1227 | 04:04:54 --> 04:05:06 | YouTube down. You're going to take your monetization down. We're gonna take your website down, you're not going to okay Whatever, I'm not going to shut up, I |
| 1228 | 04:05:06 --> 04:05:08 | just won't be able to do your platform, but I'm going to shut up |
| 1229 | 04:05:15 --> 04:05:31 | see, the science fiction stuff I talked about, is right in that last book. That's what you're about to see soon. And some of you're gonna be shocked. In |
| 1230 | 04:05:31 --> 04:05:46 | money, and trading is gonna be the last thing on your list of to do. And you're gonna be coming to grips with the levels of fear and anxiety and depression that |
| 1231 | 04:05:46 --> 04:05:59 | you've never felt before. And it's gonna happen dest and sudden, and when it starts, it will ramp up quicker and faster, and nobody will be able to see it |
| 1232 | 04:05:59 --> 04:06:17 | coming. And no one's going to escape it. Unless you believe in Him, you have faith in and you've asked them to forgive you for your sin. That ties in his |
| 1233 | 04:06:17 --> 04:06:28 | name for the remission of sin, and you will obey the gospel, okay to say, I believe, can't to say that. You I believe it. You got to believe that God came |
| 1234 | 04:06:28 --> 04:06:37 | in the flesh, you got to believe that he willfully died on a cross, that He allowed that body to die. And he resurrected it later. You don't believe that? |
| 1235 | 04:06:38 --> 04:06:51 | That's not believing in him. But he believed in him like that. And you're constantly praying that you kind of worry to escape these things coming up on |
| 1236 | 04:06:51 --> 04:07:07 | here, then you won't be here when it kicks off. So when I have told you that I'm retiring, and I'm moving away from all this stuff. My heart's not in this |
| 1237 | 04:07:07 --> 04:07:18 | anymore. I love teaching, don't get me wrong. I love teaching. But this stuff brings out the ugly part of me. Here. If you hear how I talk, when I'm talking |
| 1238 | 04:07:18 --> 04:07:31 | about the markets, you hear it. That's ego, that's flesh. That's my pride. And I don't want that. Because I know he's coming soon. And I don't want to be sitting |
| 1239 | 04:07:31 --> 04:07:44 | here one day talking about the market. Using language I'm not proud of. And to be ashamed, I don't I don't want to be ashamed. That is coming. I don't want |
| 1240 | 04:07:44 --> 04:08:00 | that. So I'm closing this chapter in my life this year. Inner Circle trader is being retired. I am not somebody else doing it. I'm doing it. Everything |
| 1241 | 04:08:00 --> 04:08:00 | scheduled. |
| 1242 | 04:08:05 --> 04:08:13 | I want my attention on the things of God, I want to live more holy. I want to remove the things that are profane. |
| 1243 | 04:08:20 --> 04:08:32 | In all this stuff, while it's fun, and I love it, don't get me wrong. I love it. I love it. It's my whole life. But I'm willing to put it down for him. Early in |
| 1244 | 04:08:32 --> 04:08:39 | my life, I wasn't ready to do that. In fact, I wouldn't. I would have done anything I could not do it |
| 1245 | 04:08:45 --> 04:08:53 | but I really really want to and for him I won't miss it. Anything else I would miss it |
| 1246 | 04:08:59 --> 04:09:12 | I don't go to church. That's not what it's about. It's not going to a church. It's not about paying a pastor pretending he's a Levite paying 10% of your wages |
| 1247 | 04:09:12 --> 04:09:25 | That's not biblical giving yes it is. But supporting these celebrity pastors. These mega churches That's not biblical. But coming together with like minded |
| 1248 | 04:09:25 --> 04:09:30 | fellow believers, breaking bread with one another That's Biblical, that's the book X |
| 1249 | 04:09:35 --> 04:09:45 | and you're going to be need to do that if you're listening to me. There's either a Christian that like to send me emails and rebuke me and tell me I'm I'm |
| 1250 | 04:09:45 --> 04:09:56 | talking profanely and I am and I'm thankful that you do that, because it makes it but I will be doing more of it if you didn't. As soon as I say it in medium |
| 1251 | 04:09:56 --> 04:10:03 | convicted by the Spirit, and I'm also convicted by the people that reach out and tell I mean, I love listening to you. But I wish you wouldn't say these types of |
| 1252 | 04:10:03 --> 04:10:14 | words. I know. I wish I didn't do it either. I wish I wouldn't do it either. But sometimes my flesh rises up. And I'm not strong enough to say no. And that's why |
| 1253 | 04:10:14 --> 04:10:26 | I want to quit this stuff down. For many don't make any sense to you. Some of you are convinced now I'm a crackpot. And that's fine, good. How are you, I'll |
| 1254 | 04:10:26 --> 04:10:36 | receive a reward for that. I'll be rewarded for all that it's good. But I'm talking because I want you to do well. So that way you can take care of someone |
| 1255 | 04:10:36 --> 04:10:45 | else, even if you don't believe how I believe. If I've convinced you to take something that you earned, by doing what it is I teach you, and you bless |
| 1256 | 04:10:45 --> 04:10:57 | somebody else. Don't get me wrong, I'll get a reward for that. Yes, it helps somebody else. But I'm gonna get a reward for that, because I'm teaching you how |
| 1257 | 04:10:57 --> 04:11:09 | to give biblically, not 10% tithe because that tithing stuff doesn't exist anymore. There's no Levitical priesthood. That stuff is not biblical. Anything I |
| 1258 | 04:11:09 --> 04:11:20 | didn't do to money is if you couldn't carry the tie was always food and drink. That's what it was, it was food. If it was meaning Money Than why they tell you, |
| 1259 | 04:11:20 --> 04:11:28 | if you can't carry it all, sell it, take the money. And then when you arrive where you can go, buy everything that your heart desires, and eat it before the |
| 1260 | 04:11:28 --> 04:11:39 | Lord. But you don't hear pastors teach that you don't hear churches teach that. And that's why I don't go to churches because their business is through like |
| 1261 | 04:11:39 --> 04:11:49 | seven elevens. Now, personal profit. And Paul said basically this, we are not like those who peddle the Word of God for profit. That's what you see in |
| 1262 | 04:11:49 --> 04:11:55 | churches today. Right books, Pastor Olsteen. |
| 1263 | 04:12:09 --> 04:12:25 | Rob's changing folks from saying, changing, and you need to either prepare to endure it. Or learn who to believe in and I'm not the person to believe it. I'm |
| 1264 | 04:12:25 --> 04:12:39 | not the one that should be looked at as a hero and worshipped I'm a sinful man. I make mistakes. given opportunity. I'll speak profanely just like Peter. He |
| 1265 | 04:12:39 --> 04:12:54 | messed up tonight and three times cussing while he did it. In last chapter and John and he's you see John, give the the event where Jesus basically redeemed |
| 1266 | 04:12:54 --> 04:13:07 | him three times ask him Do you love Me more than these? You know, I love you. What was it more? Here? Do you love Me more than these? Yes, Lord, you know. The |
| 1267 | 04:13:07 --> 04:13:17 | third time he asked him and said it hurt him that he asked. That was his restoration for the three times he denied. And that's why when you read the |
| 1268 | 04:13:17 --> 04:13:29 | gospels, it talks about Go and tell the disciples and Peter, because he was not in good standing with Christ at that time. I take a lot of solace in Peter |
| 1269 | 04:13:37 --> 04:13:54 | Peter relied on his flesh a lot. He reacted responsive, just like that. And then a messed up. And I do that a lot when it comes to trading. I'm very |
| 1270 | 04:13:54 --> 04:14:05 | knowledgeable about these markets. And I'm very prideful about it. And there ain't nobody out there better than me at it. And that's why I have to stop. |
| 1271 | 04:14:07 --> 04:14:18 | Because when I do that, I'm bragging. And there's nothing wrong with bragging unless you're bragging about anything but God. And what I do is I stand in front |
| 1272 | 04:14:18 --> 04:14:36 | of him and say, Look at me when the deal was look at him and sometimes I mix it up and mess it up and do things that it's about me getting the credit and I |
| 1273 | 04:14:36 --> 04:14:45 | don't want the credit. I don't want ad revenue. I don't want my image to be any bigger than it is. It's uncomfortable |
| 1274 | 04:14:53 --> 04:15:06 | I just want you all to know that by me giving you this stuff. My interest was for you to Do well, to do well, to make it better for your family for your kids. |
| 1275 | 04:15:07 --> 04:15:18 | Provide for them better, because it's hard. It's hard, whether you went to college and got a degree or not, everything's expensive right now. It's gonna |
| 1276 | 04:15:18 --> 04:15:18 | get even more expensive. |
| 1277 | 04:15:26 --> 04:15:38 | And some of you, if I'm going to be honest, maybe most of you probably won't ever taste success in this. That's it made available to everyone. I hope that |
| 1278 | 04:15:38 --> 04:15:53 | that you hope you do. It's my prayer that you do. But more importantly, I hope that you learn who Jesus Christ is. He's the Lord. He's got in the flesh. And |
| 1279 | 04:15:53 --> 04:16:01 | for the Muslims that are friends and associates and students of mine, I know you don't like to hear me talk like that. And you from your heart, you reach out to |
| 1280 | 04:16:01 --> 04:16:10 | me to tell me to read the Koran, and you tell me that Jesus wasn't God, and he didn't claim to be God's Son. And I can tell you, you have a time with me, I |
| 1281 | 04:16:10 --> 04:16:18 | will take you to Scripture where he claims to be God. The things that I'm told by other people in other religions, I have an answer for all that stuff, you're |
| 1282 | 04:16:18 --> 04:16:28 | never going to convince me to do anything apart from where I am right now. I'm a Christian. I believe in Christ. And I don't live Christ like as a traitor. And I |
| 1283 | 04:16:28 --> 04:16:30 | don't want to be like that anymore. |
| 1284 | 04:16:39 --> 04:16:43 | I'm willing to put it down. I want to |
| 1285 | 04:16:53 --> 04:17:07 | there are better Christians than I am. That will be able to take this information and live doing it and not need to do the things that my flesh asks |
| 1286 | 04:17:07 --> 04:17:18 | me to do sometimes, which is seek attention, seek credit seek accolades seek. Thanks, appreciation. |
| 1287 | 04:17:24 --> 04:17:34 | I've done what I promised to do that I would give it away. I will teach how to use it. And the books I'm writing, they're not going to be for sale, they're |
| 1288 | 04:17:34 --> 04:17:43 | going to be printed. And they are going to be made in a PDF file. And I'm going to place them on my YouTube channel as a link and I'm placing them on my |
| 1289 | 04:17:43 --> 04:17:51 | website, you do not have to purchase them, you will not have to pay for them. I already know that people are going to take them and make books and copy them. |
| 1290 | 04:17:51 --> 04:18:00 | And they already done it with my mentorship videos. There's people have books right on Amazon right now. Literally, it's just the screenshots of the videos |
| 1291 | 04:18:00 --> 04:18:10 | that you can see for free here. And they have it in Spanish. They have it in Russian, they have it in Chinese, they have it in all kinds of languages. I |
| 1292 | 04:18:10 --> 04:18:22 | don't care. I don't need money. I don't want your money. I don't want your attention. I don't want your you lifting me up. I don't want all that stuff. I |
| 1293 | 04:18:22 --> 04:18:36 | want to just go and start doing things away from the marketplace. live my life with my family and keep my focus on Christ. That's it, it's up to her alone. And |
| 1294 | 04:18:36 --> 04:18:47 | if the world takes a toll on me like it's going to take a toll on everybody else and I lose the Fluence wealth, financial status, who cares? I've been had been |
| 1295 | 04:18:47 --> 04:19:02 | homeless before I've been broke before. I don't fear that stuff anymore. Having nice homes and cars and money. I mean, they'll do whatever I want to do. It's |
| 1296 | 04:19:02 --> 04:19:14 | nice. It is it's nice. But that doesn't give me happiness. If it did, I will do I will be doing more of it. It doesn't it doesn't give you happiness. What gives |
| 1297 | 04:19:14 --> 04:19:24 | me happiness is knowing that I am a sinner but I'm forgiven. In all the things that's going on in the world right now. was foretold exactly as it's happening. |
| 1298 | 04:19:26 --> 04:19:38 | Russia, Iran, Israel, Turkey, all the players are on the chessboard right now. Ezekiel 30 and 39 in Psalm 83 You're about to see that stuff come to pass. |
| 1299 | 04:19:39 --> 04:19:52 | You're gonna see it Jesus said that you've you see the fig tree. That's the nation of Israel blossom. That generation that sees that's gonna see everything. |
| 1300 | 04:19:52 --> 04:19:59 | So if you don't think the Bible is real, you don't think Christ is God. You don't take all the prophecies that that was foretold. You don't think none of |
| 1301 | 04:19:59 --> 04:20:12 | that Real? Well, you have a timeline right now, you have till 2048. Because a generation can't be any longer than 100 years. You're gonna see Christ come back |
| 1302 | 04:20:12 --> 04:20:25 | before 2048. There you go, there's a call for you. With that in the screenshot that one before 2048, you're gonna see Christ combat. Maybe a whole lot sooner |
| 1303 | 04:20:25 --> 04:20:38 | than that. I'm of the opinion that it's probably going to be sooner than that. They're talking about sacrificing the red heifer using its burnt ashes, there's |
| 1304 | 04:20:38 --> 04:20:47 | only one reason for that. They're talking about building another temple. Well, that's interesting, because Daniel talks about how this person is going to step |
| 1305 | 04:20:47 --> 04:21:00 | in there and say, Stop doing all the ablations and basically establishes himself like God. And that kicks off the great tribulation that lasts three and a half |
| 1306 | 04:21:00 --> 04:21:07 | years. But there's a whole lot of stuff going on prior to that, that you don't want to be a part of. You don't want to any of that stuff. It's real easy to |
| 1307 | 04:21:07 --> 04:21:17 | avoid it. Real easy to avoid it. But it's not popular in this world. You got to admit that you were born a sinner. And even though that you were a baby, and you |
| 1308 | 04:21:17 --> 04:21:30 | think you were innocent, and in man's eyes, we wouldn't see a baby as innocent. But we're born in shapen in iniquity are sinful. We have fallen nature in us by |
| 1309 | 04:21:30 --> 04:21:46 | issue of blood. I believe sinned, and we were descendants. So it's passed down just like a disease. It's we're Sian positive and our blood. But God made a |
| 1310 | 04:21:46 --> 04:21:58 | remedy for that. He came in the flesh. That's what makes him the Son. There's not a second person or third person. It's one God. It's one god that came in the |
| 1311 | 04:21:58 --> 04:22:13 | person singular, of Jesus Christ. That flesh had a beginning. That son was offered for us to die on a cross. And those that placed their faith in his work |
| 1312 | 04:22:15 --> 04:22:26 | and finished work on the cross and His death era and resurrection. If you believe in that, and a lot of people think that's nonsense, foolishness. I don't |
| 1313 | 04:22:26 --> 04:22:32 | think that I don't think that at all. I'm thankful for that. |
| 1314 | 04:22:38 --> 04:22:53 | If you place your faith in that in him, and you obeyed the axe to 38 When Peter stood up said, you know, what are we gonna do here? repent, believe, repent and |
| 1315 | 04:22:53 --> 04:23:04 | be baptized Name of Lord Jesus Christ permission sense. And then how did the disciples treat any new believer? They told him what to believe. Jesus is Lord. |
| 1316 | 04:23:04 --> 04:23:21 | He's got in the flesh. He died. rose again the third day. He was baptized, baptized by John. Corinthians. First Corinthians tells us what the gospel is. We |
| 1317 | 04:23:21 --> 04:23:30 | were baptized with Christ in baptism. Every believer in the book of Acts when when Jesus told them Go therefore in all the nations baptizing them in the name |
| 1318 | 04:23:30 --> 04:23:39 | of the Father, Son, and Holy Spirit, what's the name? Their titles, what's the name? Export 12. There's no other name. No other name given among them whereby |
| 1319 | 04:23:39 --> 04:23:52 | we must be saved. Christ, Jesus Christ as the Lord. That's God. He came in the flesh. And when you're baptized in his name, Jesus name for original sins. |
| 1320 | 04:23:52 --> 04:24:00 | You're very with Christ. In your sensor, we made it. The fact that you got wet had nothing to do with it, the operation of the spiritual faith behind what it |
| 1321 | 04:24:00 --> 04:24:13 | is that you're believing, you're solidifying your belief outwardly. Because he said, if you're ashamed of me, I'll be ashamed of you. And if you sin after |
| 1322 | 04:24:13 --> 04:24:23 | that, he's faith one, just that he will forgive you if you repent and you acknowledge that you sin. That's how you walk with them. And I sin daily. |
| 1323 | 04:24:28 --> 04:24:38 | Nobody's perfect. And you don't need to go to church. But you should read the Word of God. You should you shouldn't be doing that. And you should be looking |
| 1324 | 04:24:38 --> 04:24:52 | for it's coming. Because all the signs are around us right now. And no bodies religion had anybody come in the form of a man as a perfect sacrifice for sin of |
| 1325 | 04:24:52 --> 04:25:05 | mankind. There's no other answer for sin in any other religion. In Christ ended religion I'm not a religious person. And Jesus wasn't religious. He ended it. |
| 1326 | 04:25:07 --> 04:25:18 | When he said it's finished, the earth shook, the sun went dark, in the temple, at earthquakes coming, it tore the veil. That means there's the high priest, he |
| 1327 | 04:25:18 --> 04:25:27 | tore his veil. When he saw his robe. Psychiatrists ended the priesthood by that alone. And then the veil was torn and the temple was destroyed right there, |
| 1328 | 04:25:27 --> 04:25:37 | boom. And Jesus told him a couple days before that. It is written, My house shall be a house of prayer, but you've made it with no fees, exactly what our |
| 1329 | 04:25:37 --> 04:25:48 | churches are doing right now. Support me, I'm a celebrity pastor. I got security team detail in front of my stage while I'm performing, and not even teaching you |
| 1330 | 04:25:48 --> 04:26:00 | the gospel. got people in there need help. financially? Well, you know, your tithe is for the Lord. Okay? How much is that income that you pay in time? |
| 1331 | 04:26:03 --> 04:26:15 | Nonetheless, biblical, and people go in and they leave unchanged, because it's not a church. It's a business. Alter, alternatively, under some of your hissing |
| 1332 | 04:26:15 --> 04:26:23 | anything, well, if you knew, uncertain, there are people out there running churches that are not like that. There are filled with believers, I'm saying |
| 1333 | 04:26:23 --> 04:26:34 | mainstream Christianity, I have an issue with that, too. So I'm not part of it. But Jesus ended religion. He was the most anti religious person that ever walked |
| 1334 | 04:26:34 --> 04:26:34 | this planet. |
| 1335 | 04:26:40 --> 04:26:54 | But he's the only God the only one. He's the father because he created all things. He's the son because he inhabited that flesh, He created that body he |
| 1336 | 04:26:54 --> 04:27:10 | prepared, made of a woman under the law. He had a beginning. And He is the Holy Spirit. That's him. He's the Holy Ghost. His Spirit is the Holy Ghost. So how |
| 1337 | 04:27:10 --> 04:27:20 | many gods is that? One? How many persons is one, it's the person of Christ Jesus. So that's the name where you must be baptized in baptizing them in the |
| 1338 | 04:27:20 --> 04:27:29 | name of the Father, Son, the Holy Spirit, the name that names the name. There is no plurality in the Godhead, Jesus is either in the Godhead, or the God is in |
| 1339 | 04:27:29 --> 04:27:43 | Jesus. And the Bible says, all the fullness of the Godhead was in Christ. Oops. I'm not gonna go to church and play church with other people playing church, I |
| 1340 | 04:27:43 --> 04:27:54 | want to be close to God. I want to be close to the Creator. I've heard him audibly. He's told me things that I would have not known. I've had things |
| 1341 | 04:27:54 --> 04:28:06 | recorded. In video, I've had things recorded in audio, that denied any kind of doubt. And I don't care who believes or doesn't believe. When you have |
| 1342 | 04:28:06 --> 04:28:19 | experiences like that, it changes you. That's just the bottom line changes you. And I didn't deserve it. I didn't deserve any of those experiences, none of |
| 1343 | 04:28:19 --> 04:28:32 | them. I didn't deserve the information I've been able to share with you. But I did tell him if you open my understanding, I'll spend my life sharing this and |
| 1344 | 04:28:32 --> 04:28:46 | give it to him. And here it is. So I do have another YouTube channel that YouTube runs ads on, I'm going to make a video proving that I don't have at the |
| 1345 | 04:28:46 --> 04:28:55 | moment because it's, it's things of this faith based idea. You're all welcome to take a look at it. If it's something that's of interest to you. I've already got |
| 1346 | 04:28:56 --> 04:29:05 | three videos up there. They're a little bit long winded, but that's usually how I do things, isn't it? It may not be your cup of tea, it may be something that |
| 1347 | 04:29:05 --> 04:29:12 | you know, if you're interested in just hearing me talk about. So I like listening to you talk which I find that kind of weird because I don't like my |
| 1348 | 04:29:12 --> 04:29:25 | voice. But it Bereans study, just do the Add symbol Berean study, b e r e a n s t d y, that's the YouTube channel, the comment sections open. And you guys can |
| 1349 | 04:29:25 --> 04:29:31 | say whatever you want to say if you're offensive about anything, you will be muted. You won't be able to you'll see your comment, but nobody else will see |
| 1350 | 04:29:31 --> 04:29:41 | it. It's really not meant for any kind of debate. I will I'm not going to debate anybody in another religion or an atheist. It's really not. It's not meant for |
| 1351 | 04:29:41 --> 04:29:49 | that. Because you're not going to convince me otherwise. And I know enough to know that unless the Lord draws you. You're not going to come to him. So in my |
| 1352 | 04:29:49 --> 04:29:58 | youth, I was very overzealous and tried to convert people. I don't do that. So it was a project that I felt inspired to do and was encouraged by other people |
| 1353 | 04:29:58 --> 04:30:10 | in my mentorship. You And I got fourth part coming this Friday. So I, it's a really long version of a discussion about it. But it may not be like I said, it |
| 1354 | 04:30:10 --> 04:30:18 | may not be for you. But I did want to at least give you the invitation that let you know, that's what I'll be doing since I won't be doing anything so much as |
| 1355 | 04:30:18 --> 04:30:26 | you used to see me do as inner circle trader. But I'd like to as long as the Lord gives me time and mental faculties to be able to do it, I would love to |
| 1356 | 04:30:27 --> 04:30:37 | keep doing what I'm doing over there. It's not things that are monetized on, you're welcome to take them and share them, re upload them, I don't care what |
| 1357 | 04:30:37 --> 04:30:45 | you do with the videos, like I really don't care. My mentorship video is the trading stuff, I have several channels that I'm gonna be having taken down. Some |
| 1358 | 04:30:45 --> 04:30:52 | of them are uploading them in their own language, I've mentioned this before, I'm gonna do copyright strikes against them. You don't have my permission to do |
| 1359 | 04:30:52 --> 04:31:00 | that, and you can be mad about it all you want. But if you're going to, if you're going to reteach my stuff, make your own slides, okay, do all the do all |
| 1360 | 04:31:00 --> 04:31:07 | the hard work, you're not going to be allowed to do that type of stuff, at least I don't need to. And again, don't buy from other people. Because it's here for |
| 1361 | 04:31:07 --> 04:31:16 | free, you don't need to pay for it. You don't need to do any of that stuff. But that's going to be I've had a lot of time with you this week. I've enjoyed the |
| 1362 | 04:31:16 --> 04:31:24 | time I spent with you. I hope that you learned something today, and yesterday and Monday. And hopefully I've cleared up some of the confusion about certain |
| 1363 | 04:31:24 --> 04:31:34 | things about oral blogsphere baguettes entry patterns, how to deal with, you know, hard market structures and high resistance liquidity run conditions. So if |
| 1364 | 04:31:35 --> 04:31:46 | it's been beneficial to you, obviously, I appreciate seeing it by a thumbs up, you can leave me a comment, obviously, I see all them as well. But I don't know |
| 1365 | 04:31:46 --> 04:31:56 | what I'm going to talk to you again, at least in this capacity. But if I don't ever talk to you, again, as an American trader, I want you to know that it's |
| 1366 | 04:31:56 --> 04:32:08 | been my honor and privilege to be a mentor for you to learn how to do this stuff. And I'm thankful for the relationships and the community that has been |
| 1367 | 04:32:09 --> 04:32:20 | cultivated around the whole of it. I'm not the the center point of it, it's the community itself. And that, to me has been such a blessing. You know, it's nice |
| 1368 | 04:32:20 --> 04:32:32 | to see some individuals that are very active in pursuing the betterment of themselves and to encourage their brethren that want to do the same thing. It's |
| 1369 | 04:32:32 --> 04:32:42 | a real wholesome thing to see it and I hope it continues. You don't need me to be a part of that. And I'm going to be watching maybe distant but I'll be |
| 1370 | 04:32:42 --> 04:32:53 | watching nonetheless with the with adoration for all of you and hoping that you all do well with it. So, on that note, just be safe. |