ICT YT - 2024-08-05 - ICT 2024 Mentorship - Lecture 01
Last modified by Drunk Monkey on 2024-08-07 10:35
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Outline
02:22 - Using OBS streaming service for live streams, audio delay issues.
- ICT struggles with OBS settings, delays audio check.
03:58 - Teaching children to be self-sufficient and not rely on others for income.
- The speaker, ICT, explains why they're teaching their kids to be self-sufficient and not rely on others for income.
- ICT shares their approach to teaching their kids, including making them work hard and not giving them money without effort.
06:57 - Trading strategies and market analysis.
- ICT explains the importance of having a reason for trading and being mindful of market news.
- ICT provides insights on how to approach trading, including the importance of being responsible for losses.
- ICT emphasizes the importance of proper training and mentorship in trading.
- ICT plans to share his knowledge and experience with his son through a YouTube channel.
- ICT argues that price action is coded to follow time-based patterns, not buyer/seller pressure.
- ICT teaches a simple approach to trading based on time and market analysis.
- ICT encourages listeners to try his methods and see the results for themselves.
16:31 - Teaching son how to trade cryptocurrency with full disclosure.
- Father and son experiment with trading cryptocurrency, using Top Step as a test case.
- The speaker's son wants to create a YouTube channel to share his learning journey, and the speaker is supportive of this decision.
- The speaker believes that the son's struggles and successes will draw a crowd and provide valuable insights.
19:59 - Trading mindset and strategies for beginners.
- The speaker will mentor the listener on trading, focusing on their mindset and chart setup to determine their trading style.
- The speaker will help the listener develop real skills and a consistent baseline for evaluating their trading performance.
- The speaker emphasizes the importance of understanding market retracements and setting up a long-term trend model.
- The speaker encourages traders to focus on their own strategy and mindset, rather than trying to copy others.
- The speaker warns against using their content without permission, threatening to take down channels that violate their rights.
- The speaker encourages their students to create a secondary income stream through live streaming or other means to alleviate financial stress while trading.
28:00 - Trading risks and importance of proper preparation.
- ICT argues against inviting uncertainty into trading decisions.
- Influencer warns against selective attention and lack of transparency in live streaming.
31:04 - Overcoming mental barriers to trading success.
- The speaker emphasizes the importance of having the right mindset for learning and trading.
- The speaker encourages the audience to be the type of person who proves others wrong and does more than expected.
- The speaker's childhood experiences shape their need for control in adulthood.
- ICT emphasizes the importance of proper journaling for traders, citing the need to understand market bias and profiling.
- ICT challenges viewers to prove their trading skills by making $100,000 in 4 weeks, offering $500,000 to the successful trader.
38:18 - Mentorship, learning, and market expectations.
- ICT: Overconfidence increases difficulty, time limit on learning.
- ICT warns against lazy learners with unrealistic expectations.
42:01 - Trading and the importance of mental preparation.
- ICT warns of the dangers of chasing a "quick fix" in trading, leading to long-term negative consequences.
- The speaker compares basic training in the military to trading, emphasizing the importance of physical and mental toughness.
- The speaker prioritizes being an "island unto yourself" in trading, relying on one's own analysis and decision-making.
- ICT warns against gambling in trading with real money, citing personal experience.
48:16 - Trading fear and anxiety, using a quarter to practice with small leverage.
- ICT teaches on market analysis, identifying potential liquidity draws and low-hanging fruit for short-term bias.
- ICT advises new traders to start small and let go of fear of first trade with real money.
51:50 - Market analysis and trading strategies.
- Observe price movements and identify areas of liquidity and inefficiency to make informed trades.
- Market predisposed to move in one direction, but intervention possible.
56:16 - Using time frames to identify market movements and make trades.
- ICT teaches traders to focus on 3 time frames: 15, 5, and 1 min.
- ICT identifies algorithmic characteristic to make money by buying below open and holding for whole day.
59:43 - Trading psychology and proper techniques.
- Trader struggles with holding on to trades due to fear of losing gains.
- Trader records and analyzes price action to improve trading skills.
- ICT warns against impulsive trading, emphasizing the importance of a proper mindset and following rules.
01:05:58 - Analyzing market liquidity and predicting price movements.
- ICT emphasizes liquidity and its importance in market movements.
- Trader shares 81 "pet techniques" with unique names, reflecting personal significance and discovery.
01:09:17 - Identifying smooth price areas for potential disruption.
- The speaker observes that the market will go to areas of smoothness to disrupt orders above or below it.
- The speaker is not a fan of using Market Replay to watch price action, preferring to use other instruments instead.
01:11:49 - Identifying high probability price movements using chart analysis.
- The speaker expresses frustration with the availability of real-time market analysis, wishing it weren't available to anyone.
- The speaker emphasizes the importance of journaling and annotating charts to study price movements and identify potential trading opportunities.
- ICT discusses the importance of identifying high probability trading opportunities by analyzing market dynamics and identifying relative equal highs on charts.
- ICT highlights the concept of priming, where traders continuously create expectations and manipulate market sentiment to influence price movements.
- ICT explains how to identify failure swings in price action, which the algorithm refers back to for trading decisions.
- ICT highlights the importance of identifying relative equal lows and highs in price action for trading success.
01:19:10 - Identifying trading opportunities using price action and market structure analysis.
- ICT emphasizes the importance of understanding the time element in the market's behavior.
- The speaker emphasizes the importance of identifying smooth locations in price action on different time frames to increase the odds of a profitable trade.
- The speaker warns against blindly following his teachings and encourages listeners to use their own judgment and experience when trading.
01:23:08 - Technical analysis and market behavior.
- ICT explains how to identify bullish breakers by analyzing candlestick patterns and volume imbalances.
- ICT demonstrates how to trade on the narrative of the market by focusing on short-term highs and inefficiencies.
- ICT identifies a scalp opportunity in a choppy market, highlighting the importance of identifying levels of support and resistance.
- ICT analyzes the market's reaction to these levels, noting the significance of clean breaks and the potential for a punishing move towards shorts.
01:28:49 - Technical analysis and trading strategies using market replay.
- Long-term market participants can be identified by their consistent presence at the final table, just like in the World Series of Poker.
- ICT discusses market replay and trading strategies with live chart analysis.
01:31:50 - Market analysis and trading strategies.
- The speaker emphasizes the importance of identifying smooth areas in the market where the price is being defended or offered.
- The speaker uses the concept of "bias" to explain how traders can determine which side of the marketplace the price will reach.
- ICT explains that price action in the market is like a dysfunctional family, with the market inviting traders to romp around and find a spouse.
- ICT emphasizes the importance of being reasonable and identifying problems in a relationship to overcome adversities.
01:37:52 - Technical analysis and market predictions using charts and time frames.
- The speaker identified smooth areas in the market and used analogies to explain their analysis.
- The speaker used three time frames to identify potential highs and lows, with each time frame providing a stepping stone for their analysis.
01:40:26 - Trading and market analysis using key times and chart analysis.
- ICT consistently predicts market movements despite skepticism from viewers.
- The speaker emphasizes the importance of identifying key times in the market, such as the 7:00 AM to 7:30 AM window, for trading.
- The speaker encourages traders to be mindful of smooth market conditions and avoid disrupting them with unnecessary actions.
01:45:45 - Trading strategies and market analysis.
- The speaker shares valuable insights on trading, including identifying market trends and making informed decisions.
- The speaker demonstrates a unique approach to trading by using a "bazooka" when necessary and a "match" when less powerful tools are required.
01:48:20 - Trading strategies and market analysis.
- ICT shares his expertise on trading, revealing his methods for analyzing markets and executing trades.
- He emphasizes the importance of honesty and transparency in learning and sharing knowledge.
- ICT expresses his willingness to pour himself into mentorship and teaching, despite his potential to earn millions through private lessons.
- ICT emphasizes the importance of being in front of charts during specific hours for pre-market analysis (7-7:30 AM, 8-8:30 AM, 9-9:30 AM).
- ICT explains how to identify bias by analyzing equal highs and lows in the pre-market range, and waiting for one side to be disrupted before taking a trade.
01:54:22 - Identifying bias in financial markets using smooth areas and jagged edges.
- ICT explains how to identify bias in markets by looking for smooth areas and jagged edges.
- ICT criticizes traders for not following his teachings and instead relying on other methods that are "gambling".
01:57:23 - Technical analysis and market trends.
- ICT identifies a bullish breaker and highlights it for viewers to focus on.
- Viewers are encouraged to annotate charts and journal their findings to reinforce learning.
- The speaker identified a fair value gap in the price action and predicted that it would be attacked by sharks.
- The speaker advised against trading into levels where the sharks have already had a frenzy.
- The speaker discusses the importance of identifying fair value gaps in the market and how they can be used to make trading decisions.
- The speaker highlights the significance of inversion points in the market and how they can be used to identify potential buy areas.
02:04:59 - Using time frames to predict market movements, with emphasis on avoiding over-leveraging due to geopolitical tensions.
- ICT identifies three opportunities for bias in the London session, starting at 7am.
- ICT emphasizes the importance of not over-leveraging due to geopolitical tensions and market volatility.
02:08:15 - Identifying market bias using time and price analysis.
- ICT warns of over-leveraging and provides a secret trading strategy.
- ICT emphasizes the importance of confidence and hard work in trading.
- The speaker emphasizes the importance of having a bias-free mindset when trading.
- The speaker provides practical tips for identifying and managing one's emotions during trading.
Transcription
| 1 | 00:02:22 --> 00:02:27 | ICT: I Know, right? I know, another live stream, another mentorship. Oh, my |
| 2 | 00:02:27 --> 00:02:33 | goodness. How you doing? Folks? Hope you're doing well, give me a second |
| 3 | 00:02:33 --> 00:02:39 | here. I apologize for being slightly late. The OBS, streaming service thing I |
| 4 | 00:02:39 --> 00:02:45 | hear I use wasn't cooperating with me, so I couldn't find the settings to get |
| 5 | 00:02:45 --> 00:02:49 | my chart to show up. So I just want to make sure it's showing before I start |
| 6 | 00:02:49 --> 00:02:59 | doing any more. Jaw burning. All right, it looks like, it looks like we're we're |
| 7 | 00:02:59 --> 00:03:11 | live. I'm not sure I'm a second one more time I apologize. Just want to see if I |
| 8 | 00:03:11 --> 00:03:16 | can hear myself in my headphones. I |
| 9 | 00:03:33 --> 00:03:42 | the audio check one. That's about three seconds delay. That's pretty good, so I |
| 10 | 00:03:42 --> 00:03:49 | have it set to the lowest latency. So when I'm showing my like 15 second chart |
| 11 | 00:03:49 --> 00:03:56 | or and we won't go down to a 15 seconds chart today, but we'll go to one minute. |
| 12 | 00:03:58 --> 00:04:07 | Alright, so let me explain to you why I'm even doing mentorship here, as you |
| 13 | 00:04:07 --> 00:04:11 | know, I've been trying to get my kids to want to do this pretty much since they |
| 14 | 00:04:11 --> 00:04:17 | were born, trying to mold them and get them into the mindset not thinking for |
| 15 | 00:04:18 --> 00:04:24 | The purposes of procuring an income from someone else's hand, you know, relying |
| 16 | 00:04:24 --> 00:04:29 | on them to say what they can earn when they can go to work when they shouldn't, |
| 17 | 00:04:30 --> 00:04:35 | when they can have time off. I don't like to cultivate an employee mentality, |
| 18 | 00:04:36 --> 00:04:45 | because I don't have one. So my son, Caleb, recently had an interest in |
| 19 | 00:04:45 --> 00:04:48 | making another attempt at doing this. I know a lot of you always ask, you know, |
| 20 | 00:04:48 --> 00:04:53 | how my kids doing, how they doing in their in their learning and whatnot. |
| 21 | 00:04:53 --> 00:04:59 | First of all, I make them work, and it's work hardening it will make you want to |
| 22 | 00:04:59 --> 00:05:04 | leave it. It if you're forced to do it, if you get money from daddy, if you get |
| 23 | 00:05:05 --> 00:05:10 | a lifestyle given to you, it kind of like makes you lazy and become very lots |
| 24 | 00:05:10 --> 00:05:16 | of days ago when you just don't really have any pursuit in you. So that method |
| 25 | 00:05:16 --> 00:05:23 | I've used has hopefully done its work in the venom of making him want to leave |
| 26 | 00:05:23 --> 00:05:31 | the rat race, knowing that I'm not just going to dull money out to him, his |
| 27 | 00:05:31 --> 00:05:37 | interest is again peaked, and want to make a good, good attempt at it. So I |
| 28 | 00:05:37 --> 00:05:41 | get a lot of questions about, you know, if, if you're teaching your kids. How do |
| 29 | 00:05:41 --> 00:05:45 | you teach your kids? You know, what is it that you do differently if you do |
| 30 | 00:05:45 --> 00:05:50 | anything differently? And I, honestly, I do, I do things slightly differently |
| 31 | 00:05:50 --> 00:05:54 | because, you know, they're my kids. Okay, you're not entitled to anything |
| 32 | 00:05:54 --> 00:06:01 | from me. I'm not obligated to giving you anything. I'm not expected, you know, to |
| 33 | 00:06:01 --> 00:06:07 | to be your best friend, or to be your your guiding light, as much as I seem |
| 34 | 00:06:07 --> 00:06:12 | like I am in the videos, it's because I'm talking to my kids, and that's why |
| 35 | 00:06:12 --> 00:06:17 | you have this connection with me, because you hear the sincerity and what |
| 36 | 00:06:17 --> 00:06:21 | it is I'm teaching because I care about them, receiving it from me. So it's like |
| 37 | 00:06:21 --> 00:06:25 | a an archive of me teaching, instructing, encouraging my own |
| 38 | 00:06:25 --> 00:06:34 | children. So when I talking with a sense of sincerity and empathy, it's genuine, |
| 39 | 00:06:34 --> 00:06:38 | because I have them in my mind. Now, invariably, sometimes I get a student |
| 40 | 00:06:38 --> 00:06:42 | that's outside my family tree, and they'll contact me, and they'll say, |
| 41 | 00:06:42 --> 00:06:46 | hey, look, you know, I really appreciate if you could do this, this, that. And I |
| 42 | 00:06:46 --> 00:06:52 | would touch on those types of, those types of rather, and or one of my kids |
| 43 | 00:06:52 --> 00:06:57 | will say, Dad, how do you how do you deal with a situation like this? Or what |
| 44 | 00:06:57 --> 00:07:02 | if the market does that? Or how do you know when not to do something, or when |
| 45 | 00:07:02 --> 00:07:08 | should you really push it aggressively? I'm going to talk a little bit about |
| 46 | 00:07:08 --> 00:07:12 | that, not so much today, but I want to give like, a baseline on where you |
| 47 | 00:07:12 --> 00:07:18 | should be at when you first sit down. Start learning how to do this. I'll push |
| 48 | 00:07:18 --> 00:07:22 | buttons in front of you. I'll talk about where the market should go. I'll talk |
| 49 | 00:07:22 --> 00:07:28 | about what PD array isn't so important to me at the time, and why, and the ones |
| 50 | 00:07:28 --> 00:07:33 | that I think are important. So that way, it kind of like filters out. And because |
| 51 | 00:07:33 --> 00:07:38 | I plan on doing this Monday through Friday, it will be a exercise for you |
| 52 | 00:07:39 --> 00:07:43 | now, if you're already profitable. If you're already profitable, whether |
| 53 | 00:07:43 --> 00:07:48 | you're using my concepts or a derivative of them, or you're doing something |
| 54 | 00:07:48 --> 00:07:51 | entirely different, it's probably better that you don't watch it live stream. |
| 55 | 00:07:51 --> 00:07:55 | Just do what you normally do, because I'm probably going to distract you, or |
| 56 | 00:07:55 --> 00:07:58 | I'll be a perfect excuse for you. If you take a losing trade, you'll say, ICT |
| 57 | 00:07:58 --> 00:08:03 | calls me to lose money, and you won't take responsibility. And you need to be |
| 58 | 00:08:03 --> 00:08:10 | responsible. Okay, the things I'm going to touch on is, obviously, you know |
| 59 | 00:08:12 --> 00:08:15 | where your mind should be every day, sitting down in front of the charts, you |
| 60 | 00:08:15 --> 00:08:19 | have to have some reason to be in the charts doing it. So that's reason why I |
| 61 | 00:08:19 --> 00:08:22 | started the stream at around eight o'clock. I know it's like seven minutes |
| 62 | 00:08:22 --> 00:08:28 | late, but you know you're not mindful. So I can punch in late if I want, not to |
| 63 | 00:08:28 --> 00:08:33 | go home early if I want. So I want to talk a little bit about that ahead of |
| 64 | 00:08:33 --> 00:08:40 | 830 we have an a heavy news driver, the ISM, PMI number at 10 o'clock. I'll be |
| 65 | 00:08:40 --> 00:08:45 | with you until probably the quarter after 10. Okay, but this mentorship, at |
| 66 | 00:08:45 --> 00:08:49 | least the first lecture here, is probably going to be a little annoying |
| 67 | 00:08:49 --> 00:08:53 | for some of you that just want to get out here and start pushing buttons. But |
| 68 | 00:08:53 --> 00:08:56 | I promise you, if you don't want to sit through this live, come back to it when |
| 69 | 00:08:56 --> 00:09:01 | you have time to do it, but before you watch tomorrow's live stream, okay? |
| 70 | 00:09:01 --> 00:09:04 | Because otherwise you'll miss the whole importance of what it is that you should |
| 71 | 00:09:04 --> 00:09:08 | be doing before you sit down. Whether you're watching my live stream, someone |
| 72 | 00:09:08 --> 00:09:12 | else's live stream, or you're doing your own model, you're in trading, okay? |
| 73 | 00:09:12 --> 00:09:16 | Because it's very, very important that you have a real reason of why you're |
| 74 | 00:09:16 --> 00:09:21 | doing it. Some of you are here just want to see me do something and it not pan |
| 75 | 00:09:21 --> 00:09:25 | out so something can go on social media and get some clicks and likes and some |
| 76 | 00:09:25 --> 00:09:29 | interactions because you need to get your grocery bill paid, and that's fine, |
| 77 | 00:09:29 --> 00:09:32 | that's cool, but I'm not here to do those types of things. I'm not here to |
| 78 | 00:09:32 --> 00:09:35 | brag. I'm not here to boast, and yes, I'm going to win the Robins cups to stop |
| 79 | 00:09:35 --> 00:09:39 | sending me emails. Okay, just I got plenty of time for that. Don't worry |
| 80 | 00:09:39 --> 00:09:42 | about it. It's in the bag. Trust me on that. Okay, I told you all I would give |
| 81 | 00:09:42 --> 00:09:47 | you a drama, I'll give you a tragedy, I'd give you a tear jerker, but at the |
| 82 | 00:09:47 --> 00:09:51 | end of the year, it's my name at the top of that list. Okay, so just, just, just |
| 83 | 00:09:51 --> 00:09:55 | relax. Keep making your videos, because you look stupid. Exposed. ICT field, |
| 84 | 00:09:56 --> 00:10:01 | Robin's cup, it's going to make it even better. But anyway. Okay, our focus is |
| 85 | 00:10:01 --> 00:10:06 | going to be primarily on the NASDAQ today, but in this mentorship, I will go |
| 86 | 00:10:06 --> 00:10:11 | back to talking about forex, because I know a lot of you are stuck in that |
| 87 | 00:10:11 --> 00:10:16 | asset class. Okay, even though I'm not interested in pushing any orders through |
| 88 | 00:10:16 --> 00:10:21 | that market anymore, I will cover some of the things that are salient to that |
| 89 | 00:10:21 --> 00:10:26 | individual asset class when it is appropriate, but it's not appropriate |
| 90 | 00:10:26 --> 00:10:29 | right now, because right now, I want you to think about what it is that you |
| 91 | 00:10:29 --> 00:10:33 | should be doing before you are trying to trade before you're trying to trade with |
| 92 | 00:10:33 --> 00:10:39 | your funded accounts or trying to pass combines or whatnot. Full disclosure, I |
| 93 | 00:10:39 --> 00:10:43 | talked to Caleb, and I asked him, you know, what his intentions were, what he |
| 94 | 00:10:43 --> 00:10:49 | wants to do, what he's willing to do. He wants to share and document his |
| 95 | 00:10:49 --> 00:10:56 | progress. So he'll be doing a YouTube channel. So when I teach, I'm talking, |
| 96 | 00:10:56 --> 00:10:59 | he's not with me right now, but he's listening and watching it live like you |
| 97 | 00:10:59 --> 00:11:06 | are. So the things I'm talking about in this is going to be my suggestion to |
| 98 | 00:11:06 --> 00:11:10 | you, if you maybe have watched some of my videos, maybe you watched a lot of my |
| 99 | 00:11:10 --> 00:11:14 | videos, and you just don't know what to do or where to begin, or what to do |
| 100 | 00:11:14 --> 00:11:17 | right now. What do I do right now? Because it's very daunting seeing how |
| 101 | 00:11:17 --> 00:11:20 | many videos I have and all these different concepts and all these |
| 102 | 00:11:20 --> 00:11:27 | different things, these moving parts. It's, it's very intimidating, and I get |
| 103 | 00:11:27 --> 00:11:31 | it, but it's, it's meant to be a compendium, meaning it's like, it's my |
| 104 | 00:11:31 --> 00:11:35 | entire encyclopedia of what I'm willing to give to the public. So you can go and |
| 105 | 00:11:35 --> 00:11:41 | you can build your own model. So I'm going to show my son how he should do it |
| 106 | 00:11:41 --> 00:11:45 | correctly this time, where it's step by step, Dad's going to be explaining it |
| 107 | 00:11:45 --> 00:11:49 | live, so that way there's no hindsight stuff. Not that it was ever hindsight. |
| 108 | 00:11:49 --> 00:11:53 | When I was teaching him, he would watch me push the button right in front of |
| 109 | 00:11:53 --> 00:11:56 | him. He would see me explain. I think it's going to go here. This is where |
| 110 | 00:11:56 --> 00:11:59 | it's going to go next. I don't want to see it do this. I don't want to see it |
| 111 | 00:11:59 --> 00:12:03 | do that. This is real mentorship. Okay? It's we're not going to be doing any |
| 112 | 00:12:03 --> 00:12:06 | market replay, and we're going to talk about theory and say, now let me push |
| 113 | 00:12:06 --> 00:12:09 | the market forward and watch what happens when you had the benefit of |
| 114 | 00:12:09 --> 00:12:12 | already knowing what it's going to do. That is absolutely not that's not |
| 115 | 00:12:12 --> 00:12:16 | mentorship. That is absolutely not teaching anybody anything, and it |
| 116 | 00:12:16 --> 00:12:21 | certainly doesn't inspire trust in the person that you're learning from because |
| 117 | 00:12:21 --> 00:12:27 | they have the added benefit of knowing what has already happened. So seeing |
| 118 | 00:12:27 --> 00:12:33 | live price action, watching data tick, without the benefit of knowing what it's |
| 119 | 00:12:33 --> 00:12:36 | going to do, is exactly what you as a trader are going to have to encounter |
| 120 | 00:12:36 --> 00:12:41 | every single time you sit in front of the charts. You don't know what's going |
| 121 | 00:12:41 --> 00:12:45 | to happen, and right now is a wonderful learning experience, because the climate |
| 122 | 00:12:46 --> 00:12:50 | is so statically charged. Everything that's going on over the Middle East |
| 123 | 00:12:50 --> 00:12:55 | right now, they're going to have reverberations throughout the entire |
| 124 | 00:12:55 --> 00:13:03 | market, globally, and probably in your neck of the woods where you live. So it |
| 125 | 00:13:03 --> 00:13:08 | increases the level of responsibility on your part as someone that wants to |
| 126 | 00:13:08 --> 00:13:12 | engage in these markets because they're very risky. And now add to it the |
| 127 | 00:13:12 --> 00:13:22 | increased level and amplitude of uncertainty where anything can happen, a |
| 128 | 00:13:22 --> 00:13:28 | bomb drops, or a series of bombs drop in an unexpected location, and then, boom, |
| 129 | 00:13:28 --> 00:13:33 | everything starts changing rapidly, and that fear and that rush will be injected |
| 130 | 00:13:33 --> 00:13:34 | into the marketplace, |
| 131 | 00:13:36 --> 00:13:39 | and they will use, they being the people that are in charge of price action. It's |
| 132 | 00:13:39 --> 00:13:42 | not the buying and selling pressure that moves price. And you'll hear a lot about |
| 133 | 00:13:42 --> 00:13:46 | lot about that as I go and I know some of you don't like that. I know some of |
| 134 | 00:13:46 --> 00:13:50 | you don't believe in an algorithm. I know you believe that you know buyers |
| 135 | 00:13:50 --> 00:13:55 | and sellers push price, and that's fine. I'll leave you to that myth you want to |
| 136 | 00:13:55 --> 00:13:58 | believe in fairy tales. That's your that's your business. I'm not going to |
| 137 | 00:13:58 --> 00:14:04 | try to wake you up from your dream. Sleep tight. Price. Will do what it's |
| 138 | 00:14:04 --> 00:14:13 | going to do because it's coded to do it based on time. Okay, and time is |
| 139 | 00:14:13 --> 00:14:18 | essential. It's the first Hallmark to when and why a market should produce a |
| 140 | 00:14:18 --> 00:14:22 | displacement, a run, whether it be impulsive, whether it be retracement, |
| 141 | 00:14:22 --> 00:14:27 | whether it be anything, it's always going to be delivered on the basis of |
| 142 | 00:14:27 --> 00:14:34 | time. It's going to move at a specific time or a period of time within 20 |
| 143 | 00:14:34 --> 00:14:37 | minutes. That's a macro. And we're going to talk about those things because I |
| 144 | 00:14:37 --> 00:14:43 | want to simplify it for my son. You all are getting that benefit of seeing it, |
| 145 | 00:14:43 --> 00:14:50 | hearing it, and being explained to you as if it were you being Caleb, I'm not |
| 146 | 00:14:50 --> 00:14:54 | hiding anything. I just sent him a text before I started. I said, just stop |
| 147 | 00:14:54 --> 00:14:58 | texting me. I'm doing it live right now. Don't talk to me in a text because |
| 148 | 00:14:58 --> 00:15:02 | you're distracting. Okay, so there's. No secret, texting going on. There's no |
| 149 | 00:15:02 --> 00:15:06 | conversation behind the scenes. Everything you see and experience while |
| 150 | 00:15:06 --> 00:15:12 | I'm doing these live streams is exactly what he's digesting the same way. And |
| 151 | 00:15:12 --> 00:15:16 | the things that I'm going to encourage him to do, my suggestion is to try it |
| 152 | 00:15:16 --> 00:15:21 | for yourself, and you're going to see everything that I taught is absolutely |
| 153 | 00:15:21 --> 00:15:25 | not complicated. The complication comes from people that want to take my stuff. |
| 154 | 00:15:26 --> 00:15:31 | They want to water it down to a 123, ABC pattern so they can go out to Amazon and |
| 155 | 00:15:31 --> 00:15:36 | write a book. There's dozens of books about me now, and I'm quite certain all |
| 156 | 00:15:36 --> 00:15:42 | of them are wrong, but it's a cash grab because my name's big right now, it |
| 157 | 00:15:42 --> 00:15:47 | won't be forever, and somebody else will become something interesting, and |
| 158 | 00:15:47 --> 00:15:53 | that'll be the new buzz thing. But right now, the problem with it, the community |
| 159 | 00:15:53 --> 00:15:57 | that has any interest in me, is either they want to do the gotcha about me |
| 160 | 00:15:57 --> 00:16:03 | because it gives them grocery money, or they want to learn from me, and then say |
| 161 | 00:16:03 --> 00:16:06 | they don't learn from me, but they talk with my vernacular. They use all my |
| 162 | 00:16:06 --> 00:16:11 | terms. They trade just like me, but they say they don't, and they do mentorships. |
| 163 | 00:16:12 --> 00:16:17 | So if you're one of those individuals, I'm going to help you too, not because I |
| 164 | 00:16:17 --> 00:16:22 | want to, but because it's going to be a default. It's it's going to be a default |
| 165 | 00:16:23 --> 00:16:26 | response to you being here, because you're going to learn how to finally do |
| 166 | 00:16:26 --> 00:16:31 | it, instead of pretending, instead of talking about and teaching through |
| 167 | 00:16:31 --> 00:16:38 | Market Replay. Okay? I asked my son what his interest was. He doesn't want me to |
| 168 | 00:16:38 --> 00:16:43 | give him money to trade with, which is good. That's cool. So I asked him what |
| 169 | 00:16:43 --> 00:16:49 | his intentions were, and yeah, so you're going to go through like a prof again. |
| 170 | 00:16:50 --> 00:16:55 | And he said he was going to use top step now, full disclosure, if anyone, if |
| 171 | 00:16:55 --> 00:17:00 | anyone from top step, is listening, I don't know if they do or don't. I know I |
| 172 | 00:17:00 --> 00:17:05 | have students in my mentorship that are affiliated with them directly, not just |
| 173 | 00:17:05 --> 00:17:12 | users of it, but they have no connection to me. They have no connection to my |
| 174 | 00:17:12 --> 00:17:18 | son, Caleb. There is no affiliate links. Okay. I have no connection with top |
| 175 | 00:17:18 --> 00:17:22 | step. I did not ask them to be a partner with me. I they didn't ask me to be a |
| 176 | 00:17:22 --> 00:17:27 | partner with them. I'm not trying to push any of you to their company. I |
| 177 | 00:17:27 --> 00:17:32 | personally would not trade with with a company like any of them. I guess I |
| 178 | 00:17:32 --> 00:17:36 | personally wouldn't do it. I'm just stating full disclosure. While my son |
| 179 | 00:17:36 --> 00:17:43 | learns how to do this, when he feels equipped to do that again, he will then |
| 180 | 00:17:44 --> 00:17:50 | use top step to do a funded account. So that way everything could be seen |
| 181 | 00:17:50 --> 00:17:56 | through the lens of that instrument. So you can see what he's doing when he's |
| 182 | 00:17:56 --> 00:17:59 | making money when he's not making money. If he does any withdraws and gets |
| 183 | 00:17:59 --> 00:18:04 | payouts, you'll see all that stuff. Okay, so it's kind of like a a test tube |
| 184 | 00:18:04 --> 00:18:09 | baby experiment. He's completely he says he is, we'll see what happens when we |
| 185 | 00:18:09 --> 00:18:12 | get a little further along. But he says he's comfortable with disclosing all of |
| 186 | 00:18:12 --> 00:18:17 | it, and he wants to put it on his own YouTube channel. And why does he want to |
| 187 | 00:18:17 --> 00:18:20 | do that? Because I'm going to, I want to kill that real quick, because I know a |
| 188 | 00:18:20 --> 00:18:23 | lot of you are twisted up and your panties are on a bunch. Oh, if he's so |
| 189 | 00:18:23 --> 00:18:26 | good and he's your son, he shouldn't need to do all these things. Well, |
| 190 | 00:18:26 --> 00:18:30 | here's what he's doing. He's working a job just like you are. You're working a |
| 191 | 00:18:30 --> 00:18:34 | job, but you're probably on other people's YouTube channels, and you're |
| 192 | 00:18:34 --> 00:18:37 | trolling people, and you're on social media trolling because you're miserable |
| 193 | 00:18:37 --> 00:18:41 | because you don't have any money. Dad's not giving him any money. He doesn't |
| 194 | 00:18:41 --> 00:18:45 | want dad to give him money. He wants to do it on his own steam. I respect that. |
| 195 | 00:18:45 --> 00:18:49 | That's exactly what I want him to do. I want all my kids to do that. I gave |
| 196 | 00:18:49 --> 00:18:55 | money to Cody, and it didn't help him. So I learned my lesson there. So I make |
| 197 | 00:18:55 --> 00:19:01 | my kids work if he knows there is an interest, and there's a huge interest in |
| 198 | 00:19:01 --> 00:19:06 | what my kids are learning from me directly. So if I'm willing to teach him |
| 199 | 00:19:06 --> 00:19:10 | that, and he's willing to share that, and I'm comfortable with that, because |
| 200 | 00:19:10 --> 00:19:14 | if he makes a YouTube channel while he's learning, yes, there will be ad revenue |
| 201 | 00:19:14 --> 00:19:19 | behind those videos that he puts up and shows his his progress. That's not |
| 202 | 00:19:19 --> 00:19:23 | important right now, in the grand scheme of things, because there isn't going to |
| 203 | 00:19:23 --> 00:19:27 | be a whole lot of viewership, I'm sure initially, there's going to be the |
| 204 | 00:19:27 --> 00:19:32 | morbid curiosity of seeing him fail when he does fail, and they will be |
| 205 | 00:19:32 --> 00:19:37 | celebrated amongst the social media networks. Okay, that's great. That's, |
| 206 | 00:19:37 --> 00:19:42 | that's, that's good, because that draws a crowd. But when he has his milestones |
| 207 | 00:19:42 --> 00:19:45 | where he grows and gets a little bit more understanding, and he finds his |
| 208 | 00:19:45 --> 00:19:50 | successes, and you hear him explain what he struggles with, when you hear him |
| 209 | 00:19:50 --> 00:19:54 | explain what he felt victorious over, and what he made a big deal out of, |
| 210 | 00:19:55 --> 00:19:58 | while he was first learning how to do it, and then he realizes it wasn't that |
| 211 | 00:19:58 --> 00:20:04 | big of a deal. And. It will personify the very things that I've already taught |
| 212 | 00:20:04 --> 00:20:07 | and mentioned in Twitter spaces where I would more or less Council, encourage |
| 213 | 00:20:07 --> 00:20:14 | them, but you think I'm talking to you, I'm talking to them, and it feels like |
| 214 | 00:20:14 --> 00:20:19 | we you and I have a intimate relationship, that I care about you on a |
| 215 | 00:20:19 --> 00:20:26 | personal level, because I'm speaking that way to them, so you can tap into |
| 216 | 00:20:26 --> 00:20:32 | that same network and or hive mentality that I have directed towards my own |
| 217 | 00:20:32 --> 00:20:36 | children. By going through this mentorship, it will be over life price |
| 218 | 00:20:36 --> 00:20:42 | action, it'll be real experience that we can see what it is that you should be |
| 219 | 00:20:42 --> 00:20:46 | doing, and try, at my best, try to steer you away from the things that you're |
| 220 | 00:20:46 --> 00:20:49 | probably going to want to be doing, but they're going to be detrimental to your |
| 221 | 00:20:49 --> 00:20:57 | development. And this first lecture is, number one, your mindset going into it, |
| 222 | 00:20:57 --> 00:21:02 | and then how we set up our charts, what we're looking for to start a baseline to |
| 223 | 00:21:02 --> 00:21:06 | determine what type of trader you're going to be, because it's real important |
| 224 | 00:21:06 --> 00:21:12 | that I don't push you into a mode. Caleb needs to tell me what he wants to do, |
| 225 | 00:21:13 --> 00:21:16 | and then once he finds out what that is, and I'm going to teach how to determine |
| 226 | 00:21:16 --> 00:21:21 | what that is for yourself today too. Because you don't have that direction. |
| 227 | 00:21:21 --> 00:21:25 | If you don't have that pathway, you're going to waste a lot of time. You're |
| 228 | 00:21:25 --> 00:21:27 | going to chase things, you're going to worry about things that are not |
| 229 | 00:21:27 --> 00:21:31 | important. It's going to actually slow your growth. It'll slow down your |
| 230 | 00:21:31 --> 00:21:37 | productivity, and it'll hold you back. And there's nothing more challenging |
| 231 | 00:21:37 --> 00:21:41 | than feeling like you're not doing enough in trading, because no matter if |
| 232 | 00:21:41 --> 00:21:44 | you're making money or not, you know what it's like if you've made any money, |
| 233 | 00:21:44 --> 00:21:47 | whether it be a demo account, dabbling around with it, or you tried funded |
| 234 | 00:21:47 --> 00:21:51 | accounts, and maybe you got lucky, you got to pay out. And then now you never |
| 235 | 00:21:51 --> 00:21:58 | can do it again. What changed? Nothing changed. You just got lucky doing |
| 236 | 00:21:58 --> 00:22:02 | something that had no bearing on what you should be doing consistently going |
| 237 | 00:22:02 --> 00:22:08 | forward. It was just an aberration and something that it just happened, but now |
| 238 | 00:22:08 --> 00:22:12 | you have attributed to all that methods. That's that skill, and we're going to |
| 239 | 00:22:12 --> 00:22:17 | show how you develop real skill so that way you can produce a consistent |
| 240 | 00:22:18 --> 00:22:26 | baseline to to evaluate. Okay, do I want to be a trader that focuses on long term |
| 241 | 00:22:26 --> 00:22:28 | trend, directional moves and |
| 242 | 00:22:30 --> 00:22:34 | only trading in that direction? Or do I look for periods where, even in those |
| 243 | 00:22:34 --> 00:22:41 | long term, daily and weekly movements, where can I see potential intermediate |
| 244 | 00:22:41 --> 00:22:46 | term or short term retracements, because I understand the trend may be going in |
| 245 | 00:22:46 --> 00:22:50 | one direction, but it's something I don't trust to get it be a part of, |
| 246 | 00:22:50 --> 00:22:54 | because maybe you've tried entering on trend models, and they burn you and they |
| 247 | 00:22:54 --> 00:23:01 | retrace deeply against you, and you feel more comfortable fading those types of |
| 248 | 00:23:01 --> 00:23:05 | moods. I'm going to teach on that topic as well. So that way you'll have |
| 249 | 00:23:05 --> 00:23:10 | reversible patterns. Turtle suit, real turtle suit, not Twitter. Wish versions |
| 250 | 00:23:10 --> 00:23:17 | of it. The idea of knowing where the market should retrace deeper, maybe even |
| 251 | 00:23:17 --> 00:23:22 | the basis of retracing to set up a long term trend model and treat to get in |
| 252 | 00:23:22 --> 00:23:29 | sync with that daily and or weekly direction. So it's real important that |
| 253 | 00:23:29 --> 00:23:35 | you have some input initially, not just take everything I'm saying, writing it |
| 254 | 00:23:35 --> 00:23:37 | down your notes and saying, Okay, I'm going to do this, this, this, this, |
| 255 | 00:23:37 --> 00:23:40 | this, and I'm going to file to the letter of the law, and then it's going |
| 256 | 00:23:40 --> 00:23:44 | to give me what I'm looking for there. We're in that gray area initially, where |
| 257 | 00:23:44 --> 00:23:48 | you have the responsibility, because if you don't do this part correctly, |
| 258 | 00:23:49 --> 00:23:54 | everything you do after this holds you up. And it's not because my stuff |
| 259 | 00:23:54 --> 00:23:57 | doesn't work. It doesn't mean that I'm not a good teacher. It doesn't mean that |
| 260 | 00:23:57 --> 00:24:01 | you can't be consistently profitable. It just means that you screwed up and |
| 261 | 00:24:01 --> 00:24:07 | didn't listen to this first lesson. You have to determine what you're going to |
| 262 | 00:24:07 --> 00:24:13 | do as a trader, and then whatever that is, you bloom. There. You plant yourself |
| 263 | 00:24:13 --> 00:24:17 | in that you don't care what Caleb does. You don't care what I do. You don't care |
| 264 | 00:24:17 --> 00:24:20 | what every one of my other students do that live stream and do it right in |
| 265 | 00:24:20 --> 00:24:24 | front of you. You don't care what anybody else is doing, even outside of |
| 266 | 00:24:24 --> 00:24:28 | my circle of influence, whatever they're doing, whether they're being profitable |
| 267 | 00:24:28 --> 00:24:32 | or not, that's none of your business. You're going to have no bearing on their |
| 268 | 00:24:32 --> 00:24:35 | outcome or their results. You're not going to make them more money. You're |
| 269 | 00:24:35 --> 00:24:40 | not going to prevent them from being profitable. So why waste any time trying |
| 270 | 00:24:40 --> 00:24:45 | to do that. Don't try to copy anybody. Don't try to do that. The things that |
| 271 | 00:24:45 --> 00:24:49 | you should try to copy is the mindset about what I'm going to cover, in terms |
| 272 | 00:24:49 --> 00:24:55 | of reading price, very specific, generic things that are absolutely not |
| 273 | 00:24:55 --> 00:25:00 | complicated, folks. It is not complicated. Complication. Is when |
| 274 | 00:25:00 --> 00:25:05 | people want to try to dilute it, to make it look like it really isn't my concepts |
| 275 | 00:25:05 --> 00:25:10 | or my teachings or my lectures. That's what makes it complicated. That's why |
| 276 | 00:25:10 --> 00:25:14 | everybody asks for my slides from the mentorship. That's why everybody says, |
| 277 | 00:25:14 --> 00:25:19 | talk little. You talk too much, because most of them are not English speaking |
| 278 | 00:25:19 --> 00:25:23 | individuals, and they want to translate it into their local language. And if you |
| 279 | 00:25:23 --> 00:25:26 | are running a YouTube channel, I'm going to tell us this in real quick. If you're |
| 280 | 00:25:26 --> 00:25:29 | doing a YouTube channel, and it's a dozen of you right now that I'm getting |
| 281 | 00:25:29 --> 00:25:33 | ready to copyright strikes against you're translating all of my mentorship |
| 282 | 00:25:33 --> 00:25:37 | videos into your local language, and I don't give you permission to do that. |
| 283 | 00:25:37 --> 00:25:41 | I've already taken down several channels that have done that, and you can be mad |
| 284 | 00:25:41 --> 00:25:44 | at me, you can send me hate mail. You can do all those things and be mad at me |
| 285 | 00:25:44 --> 00:25:47 | about that. But I've already said that. I don't give you permission to do that. |
| 286 | 00:25:48 --> 00:25:51 | You know, if you want to do that, go write a book on Amazon. That's what |
| 287 | 00:25:51 --> 00:25:55 | people have done. Okay, I can't stop you from doing that, and everybody wants, |
| 288 | 00:25:55 --> 00:25:59 | apparently, wants to buy them. So go ahead and go. Go do that. But you don't |
| 289 | 00:25:59 --> 00:26:04 | have my permission to take the the work, the time and effort I put into making |
| 290 | 00:26:04 --> 00:26:09 | the charts, the lectures, the graphics, all those things I did that on my own. |
| 291 | 00:26:09 --> 00:26:13 | You don't have, you don't have the rights to use them, so you're all going |
| 292 | 00:26:13 --> 00:26:16 | to lose your ad revenue on that. And I don't feel bad for you, because I've |
| 293 | 00:26:16 --> 00:26:19 | already warned you ahead of time. So no, you don't have the permission to do |
| 294 | 00:26:19 --> 00:26:25 | that, but Caleb will have whatever he gets in terms of ad revenue to help meet |
| 295 | 00:26:25 --> 00:26:32 | his bills while he works his job, and it helps alleviate some of those things |
| 296 | 00:26:32 --> 00:26:35 | that plague people while they're trying to learn, which is, I need to make money |
| 297 | 00:26:35 --> 00:26:41 | real fast, because you can't force being profitable. You can't do it, folks, you |
| 298 | 00:26:41 --> 00:26:45 | absolutely cannot do it. And I said this in my mentorship to my students. I said, |
| 299 | 00:26:45 --> 00:26:51 | Listen, one of the best things you can do is create another stream of income. |
| 300 | 00:26:51 --> 00:26:55 | And I gave them permission that, hey, look, if you want to go out and live |
| 301 | 00:26:55 --> 00:27:03 | stream, not teach. That was when I was doing mentorship, go out and show on a |
| 302 | 00:27:03 --> 00:27:07 | live stream and monetize it that your development is here. Here's what I'm |
| 303 | 00:27:07 --> 00:27:10 | trying to do. I'm trying to be profitable. And I'm going to trade the |
| 304 | 00:27:10 --> 00:27:16 | forex market, or I'm going to trade, you know, Futures, or whatever is, you know, |
| 305 | 00:27:16 --> 00:27:21 | some of them trade crypto. I don't like crypto, but it is what it is the way, |
| 306 | 00:27:21 --> 00:27:24 | did you hear about crypto? Or Trump came out and said he was going to make |
| 307 | 00:27:24 --> 00:27:28 | America like the the hub for Bitcoin? All of a sudden, Bitcoin fell out of |
| 308 | 00:27:28 --> 00:27:37 | bed. That's interesting, isn't it? But anyway, I encourage my students to live |
| 309 | 00:27:37 --> 00:27:42 | stream, to get a secondary income, because that passive secondary income |
| 310 | 00:27:43 --> 00:27:50 | can be a way of maneuvering the fear and anxiety away from you needing to be |
| 311 | 00:27:50 --> 00:27:57 | perfect in your trades, which is absolutely toxic, absolutely toxic. You |
| 312 | 00:27:57 --> 00:28:03 | cannot have that mindset as a trader. You can't do that. You have to invite |
| 313 | 00:28:03 --> 00:28:09 | the opportunity for you to be wrong. And that doesn't sound productive. It sounds |
| 314 | 00:28:10 --> 00:28:15 | counterintuitive to say, Okay, I invite myself to be incorrect about what my |
| 315 | 00:28:15 --> 00:28:19 | assumptions are about price action right now, and when I go into a trade, when |
| 316 | 00:28:19 --> 00:28:22 | you go into a trade, as soon as you enter that trade, you've completely |
| 317 | 00:28:22 --> 00:28:31 | given the responsibility of the outcome to the market. You don't have any |
| 318 | 00:28:31 --> 00:28:34 | assurity that your stop loss is going to get you out at that price. You don't |
| 319 | 00:28:34 --> 00:28:39 | have that promise, that guarantee the market could happen, especially in the |
| 320 | 00:28:39 --> 00:28:43 | conditions we have right now where a bomb a war can break out in an |
| 321 | 00:28:43 --> 00:28:49 | undisclosed location, boom, unexpected events, bang, you have a huge gap, and |
| 322 | 00:28:49 --> 00:28:52 | it could gap way beyond what your stop loss is. And guess what, folks, that |
| 323 | 00:28:52 --> 00:28:56 | risk is always there. That's why every brokerage firm makes you sign these risk |
| 324 | 00:28:56 --> 00:29:01 | disclosures, because that's what can happen, and when it happens, you want to |
| 325 | 00:29:01 --> 00:29:05 | sue the brokerage company. You want to sue this one and sue that one, because |
| 326 | 00:29:07 --> 00:29:12 | the unexpected happen. And for individuals that trade with extreme |
| 327 | 00:29:12 --> 00:29:16 | leverage that would never do that with a real account, but they are doing it with |
| 328 | 00:29:16 --> 00:29:19 | their funded account, because all they gotta do is pay the reset, or they get |
| 329 | 00:29:19 --> 00:29:23 | free, free resets because they're having affiliate program with one of these |
| 330 | 00:29:23 --> 00:29:28 | companies. It kind of promotes the wrong, wrong idea. Okay, it doesn't |
| 331 | 00:29:28 --> 00:29:36 | matter how many times you can show that you did something right here, but you're |
| 332 | 00:29:36 --> 00:29:38 | constantly restarting these new accounts. You're if you're an |
| 333 | 00:29:38 --> 00:29:42 | influencer, and you keep doing that, you're actually having a detrimental |
| 334 | 00:29:42 --> 00:29:47 | impact on your viewership, because knowing that people have selective |
| 335 | 00:29:47 --> 00:29:51 | vision and selective hearing, they're attracted to when it's right and when it |
| 336 | 00:29:51 --> 00:29:56 | makes money, so therefore, I want to be like this person, because look what they |
| 337 | 00:29:56 --> 00:30:00 | just made. But if you're not disclosing the entirety behind. Everything, and I |
| 338 | 00:30:00 --> 00:30:06 | just blew 25 accounts, or I just had to reset 16 accounts, because every one of |
| 339 | 00:30:06 --> 00:30:12 | them just got blew out. It kind of it kind of defeats the whole premise behind |
| 340 | 00:30:12 --> 00:30:17 | what is it you're doing following them, except for just entertainment value. So |
| 341 | 00:30:17 --> 00:30:23 | I'm trying not to be anything but straight nuts and bolts. This is what |
| 342 | 00:30:23 --> 00:30:26 | you're supposed to be focusing on. But if I don't lay the groundwork initially |
| 343 | 00:30:26 --> 00:30:31 | on the first discussion here, in the first 20 minutes or so, you won't know |
| 344 | 00:30:31 --> 00:30:36 | what we're doing, and you'll just be watching for something and anticipating |
| 345 | 00:30:36 --> 00:30:40 | or trying to predict what it is I'm going to say next, and that's not going |
| 346 | 00:30:40 --> 00:30:44 | to be helpful to you. In fact, it'll probably be very frustrating for you, |
| 347 | 00:30:44 --> 00:30:50 | and you'll either turn off and go watch the usual suspects on my t live |
| 348 | 00:30:50 --> 00:30:55 | streaming, or you'll just walk away and you'll do nothing with and maybe you'll |
| 349 | 00:30:55 --> 00:30:59 | come back to this live stream at a later time, but you'll still have this better, |
| 350 | 00:30:59 --> 00:31:01 | better taste in your mouth, and you won't be willing to write down the |
| 351 | 00:31:01 --> 00:31:06 | things I'm talking about and preparing yourself. You have to absolutely prepare |
| 352 | 00:31:06 --> 00:31:11 | yourself to learn properly. And if you don't have that mindset going in, |
| 353 | 00:31:11 --> 00:31:19 | everything you do, everything you focus on, will be the wrong things. They'll |
| 354 | 00:31:19 --> 00:31:25 | they'll all be doing things that are, you know, moving towards consistently |
| 355 | 00:31:26 --> 00:31:29 | profitable, that that's, that's the number one goal, whether it be learning |
| 356 | 00:31:29 --> 00:31:36 | from me or learning from anyone else, it's, it's not a task that is outside |
| 357 | 00:31:36 --> 00:31:41 | your grasp right now. It might be because you're brand new, but if you do |
| 358 | 00:31:41 --> 00:31:47 | the things that I'm going to suggest, to my son, and he doesn't rush, he doesn't |
| 359 | 00:31:47 --> 00:31:51 | rush to go and try to pass a combine. He doesn't rush to get a payout. He doesn't |
| 360 | 00:31:51 --> 00:31:56 | try to trade every single fluctuation in price. He doesn't try to do everything |
| 361 | 00:31:56 --> 00:32:00 | that I've made available to all of you, which is what most of my students try to |
| 362 | 00:32:00 --> 00:32:09 | do they all dabble too much. And if you simply go through this simple question |
| 363 | 00:32:09 --> 00:32:14 | and answer for yourself right now, are you someone now? If you're not paying |
| 364 | 00:32:14 --> 00:32:21 | attention right now, you're distracted, you're going to miss it. But the type of |
| 365 | 00:32:21 --> 00:32:24 | person you are right now, are you someone, if someone says to you, |
| 366 | 00:32:26 --> 00:32:30 | I don't think this is possible, and it doesn't necessarily trading I don't |
| 367 | 00:32:30 --> 00:32:34 | think this is possible, or I don't think that you can do that. Are you someone |
| 368 | 00:32:34 --> 00:32:43 | that says they're probably right, or I'm going to show this person they're wrong, |
| 369 | 00:32:43 --> 00:32:47 | and I'm going to show them 12 ways that why they're wrong, and I'm going to do |
| 370 | 00:32:47 --> 00:32:51 | beyond what they thought. I said I was going to do, or I could do, and they |
| 371 | 00:32:51 --> 00:32:55 | said I couldn't do. I'm going to do more than that. Okay, cuz right now we're |
| 372 | 00:32:55 --> 00:32:59 | going to divide you all as an audience, because either you're going to be |
| 373 | 00:32:59 --> 00:33:04 | someone that's going to be influenced and held back by someone else's opinion |
| 374 | 00:33:04 --> 00:33:10 | or suggestion on you, or maybe you've watched someone else receive criticism. |
| 375 | 00:33:12 --> 00:33:16 | Okay, you've watched other people receive criticism, and then you somehow |
| 376 | 00:33:16 --> 00:33:21 | latch on to that like it was told to you, and you feel emotional about it, |
| 377 | 00:33:22 --> 00:33:25 | and you have a psychological response, and it was never directed to you, but |
| 378 | 00:33:25 --> 00:33:34 | you personify it and personalize it to yourself. That's very telling. That is a |
| 379 | 00:33:34 --> 00:33:39 | barrier for you as a trader. You may not realize it right now, but Friday, I'm |
| 380 | 00:33:39 --> 00:33:44 | going to cover the contrast of all that you may not know the answers to these |
| 381 | 00:33:44 --> 00:33:47 | things right now today, because you want to think about what I'm going to tell |
| 382 | 00:33:47 --> 00:33:51 | you, and you all want to be able to say, Yeah, I want to be the guy or gal that |
| 383 | 00:33:51 --> 00:33:55 | says, If you can't do this, I'm going to prove it to him, and I'm going to do |
| 384 | 00:33:55 --> 00:33:58 | this and do that. Chances are every male listening is probably going to be |
| 385 | 00:33:58 --> 00:34:04 | wanting to do that. But in you, in honesty, all of you aren't really like |
| 386 | 00:34:04 --> 00:34:08 | that. You're influenced by other people's opinion, and it makes you feel |
| 387 | 00:34:09 --> 00:34:14 | unsure about yourself. It may be causing anxiety, it may feel embarrassment. You |
| 388 | 00:34:14 --> 00:34:19 | may feel like you don't feel like you're going to do well because of someone |
| 389 | 00:34:19 --> 00:34:29 | else's opinion about you or you have that spark, that inspiration, that, |
| 390 | 00:34:31 --> 00:34:36 | well, kicking, uh, the hinder parts, if you will, to to now do something, |
| 391 | 00:34:36 --> 00:34:40 | because it's a challenge that's been laid in your hands. It's like now, this |
| 392 | 00:34:40 --> 00:34:44 | is what it's like for for me when I listen to other people when they say |
| 393 | 00:34:44 --> 00:34:49 | this can't be done or no one can do that, I am the person my personality is, |
| 394 | 00:34:49 --> 00:34:54 | is you tell me that that can't be done or that I can't do something, I |
| 395 | 00:34:54 --> 00:34:59 | immediately, my mind immediately switches on. I'm in predator mode, like |
| 396 | 00:34:59 --> 00:35:05 | I'm in the. And looking for every way to come back at them and say, This is how |
| 397 | 00:35:05 --> 00:35:09 | you're wrong and you're wrong here, and you were wrong here, and you were wrong |
| 398 | 00:35:09 --> 00:35:14 | there, and you were wrong there, here, there, everywhere, and I want to bury |
| 399 | 00:35:14 --> 00:35:20 | them in it. That's my mentality, and that's not a strength. That's just how I |
| 400 | 00:35:20 --> 00:35:27 | interact with outside influences, and that stems from a childhood that I had |
| 401 | 00:35:27 --> 00:35:30 | no control over the factors and environments that I was left in which |
| 402 | 00:35:30 --> 00:35:35 | were dangerous and they were hostile. So as an adult now, I seek control all the |
| 403 | 00:35:35 --> 00:35:40 | time. I am a control freak, everything in every aspect of my life. I have to |
| 404 | 00:35:40 --> 00:35:43 | have control over if I don't have any control over it, I am not. I have no |
| 405 | 00:35:43 --> 00:35:48 | interest in it. That's my pre that. That's my disposition, that's that's how |
| 406 | 00:35:48 --> 00:35:54 | I am. You may not be that way. You may be very, very passive, and you may be |
| 407 | 00:35:54 --> 00:36:01 | very lethargic in terms of responding to things that are met as a challenge |
| 408 | 00:36:01 --> 00:36:08 | towards you, and you may be using that very perception about the marketplace, |
| 409 | 00:36:08 --> 00:36:12 | and that's your hindrance, that's the barrier that you have to if you have |
| 410 | 00:36:12 --> 00:36:15 | that mentality, you're going to have to break through that. And it's not going |
| 411 | 00:36:15 --> 00:36:21 | to be easy for you, because what you're seeing is most people fail doing this. |
| 412 | 00:36:21 --> 00:36:25 | Most people are not consistent. Most people can't even determine where the |
| 413 | 00:36:25 --> 00:36:30 | market's going to go, let alone get in it without having stopped out or managed |
| 414 | 00:36:30 --> 00:36:34 | risk appropriately. That's the majority. That's the truth about this industry. |
| 415 | 00:36:34 --> 00:36:41 | Very, very, very few people can do this consistently, and you know this, but |
| 416 | 00:36:41 --> 00:36:44 | you're still willing to watch videos, you're still willing to try to practice |
| 417 | 00:36:44 --> 00:36:49 | and and dabble, because you're waiting for some kind of magical thing occur |
| 418 | 00:36:49 --> 00:36:54 | where it just it clicks for you with no real effort, with no real study, with no |
| 419 | 00:36:54 --> 00:36:58 | real logging and journaling, you think it's just going to happen for you. |
| 420 | 00:36:59 --> 00:37:07 | That's not realistic. So part of this mentorship will be using the the tools |
| 421 | 00:37:07 --> 00:37:11 | and resources of journaling properly. But what is it you're supposed to be |
| 422 | 00:37:11 --> 00:37:15 | journaling anyway? Cuz if you're if you don't know what you're doing, you don't |
| 423 | 00:37:15 --> 00:37:19 | know where the market's going to go next, because you don't know bias, you |
| 424 | 00:37:19 --> 00:37:23 | don't know profiling, you don't know, session characteristics, day of week, |
| 425 | 00:37:23 --> 00:37:29 | characteristics, seasonal tendencies, all those things. I'm going to present |
| 426 | 00:37:29 --> 00:37:34 | it in a nice, neat little package, but it cannot be done in one video. I don't |
| 427 | 00:37:34 --> 00:37:41 | I don't care how many people go on YouTube and try to say I watched all of |
| 428 | 00:37:41 --> 00:37:44 | ICTs videos, and now I'm going to show you, in five minutes how you can do it, |
| 429 | 00:37:44 --> 00:37:51 | and you don't to do that, I promise you. Okay, here it is, $500,000 okay, go out |
| 430 | 00:37:51 --> 00:37:54 | there. You're you don't know you're doing right now. Go out there and watch |
| 431 | 00:37:54 --> 00:37:59 | the one of the five minute trainer YouTubers. Okay? And you got four weeks |
| 432 | 00:37:59 --> 00:38:03 | to pass a combine and make $100,000 by the end of the year. If you can prove |
| 433 | 00:38:03 --> 00:38:06 | that, I will give you $500,000 I will drive to your location and long journey |
| 434 | 00:38:06 --> 00:38:10 | in the States, I will drive, because I don't fly, I'll drive to your place. And |
| 435 | 00:38:10 --> 00:38:14 | you can live stream me, live stream me giving you a $500,000 bank check. Okay, |
| 436 | 00:38:15 --> 00:38:18 | that stuff doesn't work, folks, you're gonna have to put some real effort into |
| 437 | 00:38:18 --> 00:38:22 | it. You can't condense it. You can't reduce it down, okay? And a lot of |
| 438 | 00:38:22 --> 00:38:25 | people don't realize what you what I just did. I just made a lot of those |
| 439 | 00:38:25 --> 00:38:29 | guys mad, and now they're all going to really do the little micro mentorships. |
| 440 | 00:38:29 --> 00:38:31 | And really what that does is going to bring more traction back to this |
| 441 | 00:38:31 --> 00:38:36 | mentorship, because they're going to work for free. But anyway, see that |
| 442 | 00:38:36 --> 00:38:40 | everything's predetermined. He's maniacal. He's a mastermind. He's |
| 443 | 00:38:40 --> 00:38:47 | diabolical. Anyway, the very first step is for you to determine where you are |
| 444 | 00:38:47 --> 00:38:52 | mentally and then determine, ahead of time, preparing yourself what |
| 445 | 00:38:52 --> 00:38:56 | adversities are going to be in front of you. For the folks that are saying, |
| 446 | 00:38:56 --> 00:38:59 | Okay, you say, I can't do this, or someone else is saying that you can't do |
| 447 | 00:38:59 --> 00:39:04 | this, you're going to go at it 100 mile an hour, that's that's good, that you |
| 448 | 00:39:04 --> 00:39:07 | have confidence in yourself. But the problem is, is you're going to overstep |
| 449 | 00:39:07 --> 00:39:11 | that and become overconfident, and then as soon as you're met with that first |
| 450 | 00:39:11 --> 00:39:17 | adversity, it's going to really hold you down, and it's going to cause you to |
| 451 | 00:39:17 --> 00:39:22 | second guess the next step of stepping out there in faith and determining what |
| 452 | 00:39:22 --> 00:39:25 | it is that you're trying to do or practicing, and then what you end up |
| 453 | 00:39:25 --> 00:39:29 | doing is the initial strength is, I'm strong, I'm confident, and no one's |
| 454 | 00:39:29 --> 00:39:32 | going to tell me I can't do it. I'm going to do it better than I would have |
| 455 | 00:39:32 --> 00:39:35 | done it if they would just invited me to do it casually. But now, because they |
| 456 | 00:39:35 --> 00:39:40 | said I couldn't do it, I'm going to do a superhuman Olympic feat of it. And by |
| 457 | 00:39:40 --> 00:39:44 | doing that, what you end up doing is you increase the level of adversity, the |
| 458 | 00:39:44 --> 00:39:48 | difficulty. You put a time limit on it, which is the worst thing in the world to |
| 459 | 00:39:48 --> 00:39:53 | do. You absolutely put a time limit on how fast you should learn how to do |
| 460 | 00:39:53 --> 00:39:58 | something. As soon as someone starts telling you, I'm going to teach you how |
| 461 | 00:39:58 --> 00:40:02 | to do ICT or anything else. In this number of days, absolutely, I promise |
| 462 | 00:40:02 --> 00:40:11 | you, they are full of grade a manure. They're lying to you that's clicks for |
| 463 | 00:40:11 --> 00:40:14 | money. They want you to either buy something they're going to upsell to you |
| 464 | 00:40:14 --> 00:40:17 | later on, or they want you to keep watching their videos that are not going |
| 465 | 00:40:17 --> 00:40:20 | to help you. They may be entertaining, but they're not going to supercharge |
| 466 | 00:40:20 --> 00:40:24 | your understanding. They're not going to make you faster at learning it okay. The |
| 467 | 00:40:24 --> 00:40:27 | only thing they're doing is trying to capitalize on a market that's huge right |
| 468 | 00:40:27 --> 00:40:33 | now, which is Tiktok mentality. You know, 10 second, 15 second, 32nd time |
| 469 | 00:40:33 --> 00:40:40 | span of attention span. And I have no patience for anyone. Zero patience for |
| 470 | 00:40:40 --> 00:40:44 | anyone as a student that thinks like that, I broom them quickly. I get them |
| 471 | 00:40:44 --> 00:40:48 | out of my face. I don't want to have any interaction with them, because you're |
| 472 | 00:40:48 --> 00:40:53 | absolutely lazy. You're absolutely lazy. You want it easy, you want it real fast, |
| 473 | 00:40:53 --> 00:40:57 | and you have unrealistic expectations. And anyone that has common sense will |
| 474 | 00:40:57 --> 00:41:02 | tell you that that is someone that will not be successful period. End of story. |
| 475 | 00:41:03 --> 00:41:06 | If you don't want to warm up the idea to have have do this properly and |
| 476 | 00:41:06 --> 00:41:11 | understand really, understand, that's what mentorship is, understanding how |
| 477 | 00:41:11 --> 00:41:15 | you're going to most likely interact with the marketplace, what's a |
| 478 | 00:41:15 --> 00:41:21 | reasonable response to you, for you feeling this way or that way, should the |
| 479 | 00:41:21 --> 00:41:26 | market produce an outcome that was either favorable or not favorable for |
| 480 | 00:41:26 --> 00:41:29 | you? How are you going to interact with let's say, the first time you sit down, |
| 481 | 00:41:29 --> 00:41:35 | you try to test something, and it takes off and runs like 150 handles in the |
| 482 | 00:41:35 --> 00:41:42 | NASDAQ. What's that going to feel like for you? You're going to feel ecstatic, |
| 483 | 00:41:42 --> 00:41:45 | you're going to be excited, and you're going to feel like, wow, this is a whole |
| 484 | 00:41:45 --> 00:41:51 | lot easier than I thought, and that's wrong. But see, that's the problem with |
| 485 | 00:41:52 --> 00:41:56 | these 20 year olds that teach they want you to have the emotional stimuli, |
| 486 | 00:41:57 --> 00:42:00 | because that emotional stimuli gives you a rush. |
| 487 | 00:42:01 --> 00:42:08 | It's dopamine. It's it gives you that physical feel good butterfly moment that |
| 488 | 00:42:08 --> 00:42:13 | does not last. It will not last. 10 minutes later, you're not buzzing by |
| 489 | 00:42:13 --> 00:42:18 | that right call that you made, that demo trade that you made, or that you just |
| 490 | 00:42:18 --> 00:42:23 | passed your combine. You all think that I gotta get my combine passed, and then |
| 491 | 00:42:23 --> 00:42:27 | I can start trading an account where I can make profitable trades. So you're |
| 492 | 00:42:27 --> 00:42:31 | willing to do everything and anything, just the gamble to get it passed. And |
| 493 | 00:42:33 --> 00:42:37 | then once you get there, you think it's going to be easy, when it becomes |
| 494 | 00:42:37 --> 00:42:43 | extremely, much more difficult, because now you don't want to lose that past |
| 495 | 00:42:43 --> 00:42:48 | funded account, and every candlestick looks like a foreign language to you. |
| 496 | 00:42:49 --> 00:42:53 | Even if you understand certain elements of reading price action, it will look |
| 497 | 00:42:53 --> 00:42:58 | completely different. You won't feel comfortable pushing a button, because |
| 498 | 00:42:58 --> 00:43:02 | now you're thinking, if I get in right here. What if it goes down to here? Or |
| 499 | 00:43:03 --> 00:43:06 | what if it goes this to this high here? Where do I put my stop loss? I don't |
| 500 | 00:43:06 --> 00:43:10 | want to get stopped out, but I gotta use a stop and see. What are you doing? |
| 501 | 00:43:10 --> 00:43:15 | You're trying to protect yourself from a losing trade. Because that losing trade, |
| 502 | 00:43:15 --> 00:43:22 | even if it's small in denomination, if it's small in amount of really, dollar |
| 503 | 00:43:22 --> 00:43:30 | risk, the lasting impact in the depths of how far it digs into your backside. |
| 504 | 00:43:32 --> 00:43:39 | It's monstrous because you're creating a demon. You're manifesting your worst |
| 505 | 00:43:39 --> 00:43:43 | adversary because you didn't do everything that I'm suggesting as a |
| 506 | 00:43:43 --> 00:43:48 | starting point right now, it prepares you for this. What do you think basic |
| 507 | 00:43:48 --> 00:43:52 | training is for when people go to the military, it's to get the person |
| 508 | 00:43:52 --> 00:43:59 | physically fit, to get them introduced to constant disruption, constant mental |
| 509 | 00:43:59 --> 00:44:03 | fatigue, so that way they're not shell shocked and they get out on the |
| 510 | 00:44:03 --> 00:44:10 | battlefield and freeze up. They're used to being treated like trash, worked out, |
| 511 | 00:44:10 --> 00:44:16 | fatigued, run them, work them hard, talk down to them. There's no hope. There's |
| 512 | 00:44:17 --> 00:44:21 | no hope while you're in basic training. Well, this is what this is like here. |
| 513 | 00:44:21 --> 00:44:25 | This is basic training. I'm not going to sugarcoat it for you millennials. I'm |
| 514 | 00:44:25 --> 00:44:28 | not going to be nice to you and say, Honey, it's going to be okay. Let me |
| 515 | 00:44:28 --> 00:44:32 | hold you. Let me hold you close and coddle you. ICT has got you, baby. ICT |
| 516 | 00:44:32 --> 00:44:35 | has got you it's okay. It's okay. That's not what this is. You want to learn how |
| 517 | 00:44:35 --> 00:44:39 | to trade. You want to be consistently profitable. ICT is not going to be |
| 518 | 00:44:39 --> 00:44:42 | rubbing your shoulders for you, okay, and powdering your ass when the market's |
| 519 | 00:44:42 --> 00:44:45 | in front of you and you're ready to take a trade and it's all on you. I'm not |
| 520 | 00:44:45 --> 00:44:50 | going to be there. You have to be able to do this on your own. You have to be |
| 521 | 00:44:50 --> 00:44:56 | able to do this absolutely isolated. You have to be an island unto yourself when |
| 522 | 00:44:56 --> 00:44:59 | everybody else is on social media saying they want to do one thing or the other. |
| 523 | 00:45:00 --> 00:45:03 | And you look at your model saying, I don't see that. You got to be completely |
| 524 | 00:45:03 --> 00:45:07 | comfortable with that, not for the basis of just simply being a contrarian alone, |
| 525 | 00:45:08 --> 00:45:12 | but for the basis of, okay, I understand what I'm looking for. And this is just |
| 526 | 00:45:13 --> 00:45:18 | further confirmation that the herd of sheep out there are expecting this. So I |
| 527 | 00:45:18 --> 00:45:23 | know I have a lead pipe sense trade now, because every time Dick and Harry out |
| 528 | 00:45:23 --> 00:45:28 | there is wanting the market to go to this level or this direction, and here I |
| 529 | 00:45:28 --> 00:45:31 | am sitting confidently waiting for a setup that's completely diametrically |
| 530 | 00:45:31 --> 00:45:37 | opposed to what they expect. That's one of the things that I take great comfort |
| 531 | 00:45:37 --> 00:45:42 | in watching live streamers, because sometimes they get it right, and that's |
| 532 | 00:45:42 --> 00:45:46 | fine. Most of the time they aren't. And the times that I'm looking for something |
| 533 | 00:45:46 --> 00:45:50 | before I even start looking at their live stream, if it's opposed to what I'm |
| 534 | 00:45:50 --> 00:45:56 | expecting, it's a dead deal. It's over. I know. I know I'm I'm on. I'm over. The |
| 535 | 00:45:56 --> 00:46:01 | target. I know I'm right, and that's not the goal here, but I know I'm going to |
| 536 | 00:46:01 --> 00:46:05 | use the maximum leverage. Okay, so whatever my maximum leverage would be |
| 537 | 00:46:05 --> 00:46:09 | for that individual asset class or that market, I would be comfortable doing |
| 538 | 00:46:09 --> 00:46:13 | that. But initially, when you first want to do this, you want to be trading, |
| 539 | 00:46:13 --> 00:46:18 | listen, folks, I know this is going to be unpopular, but you want to be trading |
| 540 | 00:46:18 --> 00:46:26 | with a micro just because that funded account says I can trade five contracts |
| 541 | 00:46:27 --> 00:46:35 | of the NASDAQ with $3,000 of a cushion. I want you to hear this, okay, and I |
| 542 | 00:46:35 --> 00:46:40 | mean this sincerely, and I'm not trying to be funny about it, but if you're |
| 543 | 00:46:40 --> 00:46:49 | trading more than one contract of a micro with 3000 cushion, and you're not |
| 544 | 00:46:49 --> 00:46:52 | consistently profitable, and you don't know what you're doing, you're |
| 545 | 00:46:52 --> 00:46:59 | absolutely gambling. And gamblers don't last long. You can gamble. There's a lot |
| 546 | 00:46:59 --> 00:47:02 | of people over the years with all these funded account companies, I've had |
| 547 | 00:47:02 --> 00:47:07 | students that's done this too, paid mentorship, students that have gone |
| 548 | 00:47:07 --> 00:47:13 | through it, they've passed combines. They got paid out, and then they lost |
| 549 | 00:47:13 --> 00:47:17 | it, and then it completely undid them, and they can't get it back, and they |
| 550 | 00:47:17 --> 00:47:21 | can't, you can't pass a another combine. What happened? The concept stopped |
| 551 | 00:47:21 --> 00:47:28 | working. Did they change the algorithm? No. Now they have mental baggage. They |
| 552 | 00:47:28 --> 00:47:33 | have scar tissue. And now the lessons I taught in those Twitter spaces over the |
| 553 | 00:47:33 --> 00:47:38 | past couple years, and now I'm not on Twitter, the the depths of where I was |
| 554 | 00:47:38 --> 00:47:43 | trying to take you. A lot of you haven't gone to those places yet in your |
| 555 | 00:47:43 --> 00:47:47 | trading, so the lessons just went right over your head. It doesn't apply to me, |
| 556 | 00:47:47 --> 00:47:52 | but for anyone that has actually tried to trade with real money or had a Live |
| 557 | 00:47:52 --> 00:47:56 | account or a funded account, and has taken withdrawals from the marketplace |
| 558 | 00:47:57 --> 00:48:02 | and then they lost it. Now, those Twitter spaces now, those talking |
| 559 | 00:48:02 --> 00:48:05 | points, those lectures, like we're doing right here, they are much more |
| 560 | 00:48:05 --> 00:48:10 | meaningful, and they're impactful, and they are helpful, but we have a |
| 561 | 00:48:10 --> 00:48:13 | millennial that wants to go out here, and so Look, man, this guy's full of |
| 562 | 00:48:13 --> 00:48:17 | crap. You know, he's, he's, he's talking too much. He ain't done anything. He |
| 563 | 00:48:17 --> 00:48:20 | ain't pushing any buttons. How am I gonna learn from somebody like that? I |
| 564 | 00:48:20 --> 00:48:24 | need somebody to show me what to do so I can copy them. That's me learning, no, |
| 565 | 00:48:24 --> 00:48:30 | that's not you learning. That's how you grow codependent, and I don't want any |
| 566 | 00:48:30 --> 00:48:34 | of you to be codependent. I want you to be able to walk out there and say, This |
| 567 | 00:48:34 --> 00:48:39 | is what I see potentially unfolding in the marketplace today. So I'm going to |
| 568 | 00:48:39 --> 00:48:46 | build an idea on how the market may, in fact, set this up. And if I understand |
| 569 | 00:48:46 --> 00:48:49 | that this is where it's likely to go, and what I mean by that is, where's the |
| 570 | 00:48:49 --> 00:48:52 | draw on liquidity, where's the market likely to go, you know, what are we |
| 571 | 00:48:52 --> 00:48:58 | looking for in terms of potential expectations, and where the market could |
| 572 | 00:48:58 --> 00:49:05 | trade to? And that could be something like this. We go to we have relative |
| 573 | 00:49:05 --> 00:49:11 | equal highs right here, okay, very simple, smooth price level. The market's |
| 574 | 00:49:11 --> 00:49:19 | gone down a lot, several 1000 handles. Okay, we had a huge gap new week, |
| 575 | 00:49:19 --> 00:49:23 | opening gap here. So where we settled on Friday and where we opened on Sunday at |
| 576 | 00:49:23 --> 00:49:30 | six o'clock last night, Eastern Time in the States, that new week opening gap, |
| 577 | 00:49:30 --> 00:49:35 | that's a draw on liquidity, but we don't need it to trade all the way up to |
| 578 | 00:49:35 --> 00:49:40 | there. So where is the low hanging fruit? Objectives for just short term |
| 579 | 00:49:40 --> 00:49:45 | bias. This is what I'm teaching you. Caleb, initially, I want you to think |
| 580 | 00:49:45 --> 00:49:49 | about where the market could draw to right now, where it could go to next. |
| 581 | 00:49:50 --> 00:49:56 | And what that does is it gives you something to focus on, and it also gives |
| 582 | 00:49:56 --> 00:50:02 | you a way of measuring every. Jewel candles formation, and what your |
| 583 | 00:50:02 --> 00:50:07 | expectation is as it's forming, and what the next candles should do, and how they |
| 584 | 00:50:07 --> 00:50:14 | behave, and what it feels like for you when you do this. Because whether you |
| 585 | 00:50:14 --> 00:50:19 | want to admit it or not when you're first starting, the majority of your |
| 586 | 00:50:19 --> 00:50:25 | time is going to be spent in uncertainty, in times of confusion. It's |
| 587 | 00:50:25 --> 00:50:36 | going to be fearful. It's going to be well, it's going to feel very anxious. |
| 588 | 00:50:37 --> 00:50:43 | You'll feel anxious. You may even start feeling body symptoms of tinglingness, |
| 589 | 00:50:43 --> 00:50:47 | lightheadedness, feel like you're going to get sick, and you may still only be |
| 590 | 00:50:47 --> 00:50:52 | in a demo, because what you're doing is you're elevating the outcome to a level |
| 591 | 00:50:52 --> 00:50:58 | that is not expected. You don't need to put that much pressure on you. In fact, |
| 592 | 00:50:58 --> 00:51:01 | if that's how you're thinking, it's normal for you to feel that when you |
| 593 | 00:51:01 --> 00:51:04 | first start trading, when the real trading with a real account. That's a |
| 594 | 00:51:04 --> 00:51:09 | normal thing, but there's no way around it. There's no way around that first |
| 595 | 00:51:09 --> 00:51:14 | trade with real money. That fear and that anxiety is something you just have |
| 596 | 00:51:14 --> 00:51:18 | to you have to engage it. And that's why I say soon you get a lot of count. First |
| 597 | 00:51:18 --> 00:51:22 | thing you should do is flip a quarter lowest leverage. If it's tails, you buy |
| 598 | 00:51:22 --> 00:51:26 | it. If it's heads, you sell short, or vice versa. And do the smallest leverage |
| 599 | 00:51:26 --> 00:51:33 | and put a 15 point stop on it, and just let it happen to you and get it break |
| 600 | 00:51:33 --> 00:51:36 | the ice and let it go. But see a lot of you, if not all of you, you, you want |
| 601 | 00:51:36 --> 00:51:41 | your first trade to be a winner, because you think it's a jinx, okay, it's |
| 602 | 00:51:41 --> 00:51:46 | somehow an invitation for failure. If your first trade with your real account |
| 603 | 00:51:46 --> 00:51:51 | loses money like that somehow defines your entire career. It doesn't. It's |
| 604 | 00:51:51 --> 00:51:57 | just one transaction, but the way you overcome that is spending time without |
| 605 | 00:51:57 --> 00:52:02 | pushing a button, studying where price can go. And that's this, we have |
| 606 | 00:52:04 --> 00:52:12 | this short term high here post 830 meaning after we had 830 right here we |
| 607 | 00:52:12 --> 00:52:18 | have 836 so the market went below these relative equal lows. So any liquidity |
| 608 | 00:52:18 --> 00:52:21 | below that, they disrupted that, and then took it above this short term high, |
| 609 | 00:52:21 --> 00:52:25 | took it above this short term high, and traded right inside this fair value got |
| 610 | 00:52:25 --> 00:52:30 | right there. So when you're watching price Caleb, you're looking for how the |
| 611 | 00:52:30 --> 00:52:42 | market maneuvers and trades and books between obvious price levels with old |
| 612 | 00:52:42 --> 00:52:53 | highs, old lows, and inefficiencies. They're the only two things you're |
| 613 | 00:52:53 --> 00:52:57 | worried about. You're not trying to predict a direction on the day. You're |
| 614 | 00:52:57 --> 00:53:03 | not trying to be right about 50 handle runs. You're just studying, observing, |
| 615 | 00:53:04 --> 00:53:10 | okay, this down closed candle here, after taking out the liquidity, and then |
| 616 | 00:53:10 --> 00:53:19 | we have displacement here. Displacement is where the market runs against a pre |
| 617 | 00:53:19 --> 00:53:27 | session, pre day, pre trend or price swing. Direction. In other words, it's a |
| 618 | 00:53:27 --> 00:53:31 | counter move to what's already been in play. So the market has dropped here, |
| 619 | 00:53:31 --> 00:53:37 | and then we moved aggressively above the short term high. This high being traded |
| 620 | 00:53:37 --> 00:53:41 | above. There we go back down to this down closed candle. That down closed |
| 621 | 00:53:41 --> 00:53:46 | candle is a order block. We have displacement. It took liquidity and the |
| 622 | 00:53:46 --> 00:53:50 | market has been one directional. Now, what makes that an order block |
| 623 | 00:53:51 --> 00:53:55 | specifically is that is has happened post 830 now it could have formed great |
| 624 | 00:53:55 --> 00:54:02 | at 830 because 830 the algorithm will start spooling for liquidity or |
| 625 | 00:54:02 --> 00:54:06 | inefficiencies, one or the other. Now, in the beginning, you're going to want |
| 626 | 00:54:06 --> 00:54:09 | to know, because you're probably asking right now, can you just tell us what |
| 627 | 00:54:09 --> 00:54:12 | it's going to reach for? Is it going to go for an old high or old low, or it's |
| 628 | 00:54:12 --> 00:54:18 | going to go for a fair value gap above or below? Both? It's going to go for |
| 629 | 00:54:18 --> 00:54:26 | both. Does that complicated? No. Now, to further strip away the complication |
| 630 | 00:54:26 --> 00:54:29 | you're adding to it right now, you're bringing all these things. But what if |
| 631 | 00:54:29 --> 00:54:34 | the CO T, I didn't say anything about a co T, yeah, but what happens if the Did |
| 632 | 00:54:34 --> 00:54:37 | I say anything about those things that you're thinking right now? No, they're |
| 633 | 00:54:37 --> 00:54:45 | not important. The only thing we're doing is we're sitting down at a time, a |
| 634 | 00:54:45 --> 00:54:51 | time when the market is predisposed. That means it's most likely going to do |
| 635 | 00:54:51 --> 00:54:59 | this, and it will do it, unless some unexpected event where manual and. |
| 636 | 00:55:00 --> 00:55:04 | Intervention steps in, and you don't know, and I don't know when that's going |
| 637 | 00:55:04 --> 00:55:09 | to happen. What does it look like when the market just starts going, it starts |
| 638 | 00:55:09 --> 00:55:14 | going one direction, and it doesn't stop. It doesn't go up a little bit, |
| 639 | 00:55:14 --> 00:55:18 | come back with it up a little bit, come back. That's, that's market standard |
| 640 | 00:55:18 --> 00:55:29 | delivery intervention is, think like FOMC, think like CPI, think like Non |
| 641 | 00:55:29 --> 00:55:37 | Farm Payroll, where if you're wrong, if you're offside, right when it hits the |
| 642 | 00:55:37 --> 00:55:43 | market, you're dead. That's what manual intervention looks like. There are many |
| 643 | 00:55:43 --> 00:55:52 | times untradable. It takes off so fast you you reasonably, no, not reasonably, |
| 644 | 00:55:52 --> 00:55:55 | you're it's unreasonable for you to assume that you can trade that once it |
| 645 | 00:55:55 --> 00:56:01 | starts, because you're literally chasing the wind and you're never going to catch |
| 646 | 00:56:01 --> 00:56:08 | it, you're just going to frustrate yourself and get placed very poorly, and |
| 647 | 00:56:08 --> 00:56:12 | you're going to be in a trade that's going to be highly anxious and |
| 648 | 00:56:12 --> 00:56:19 | stressful, and it that's not trading. That's gambling. Okay? So when we look |
| 649 | 00:56:19 --> 00:56:23 | at individuals setups like this. You want to sit down in front of the |
| 650 | 00:56:23 --> 00:56:28 | marketplace right before 830 Okay, preferably eight o'clock, and you want |
| 651 | 00:56:28 --> 00:56:33 | to look at where the highs and the lows are in deference to the one minute chart |
| 652 | 00:56:33 --> 00:56:36 | in the 15 minute time frame. So I'm gonna change this chart over here to 15. |
| 653 | 00:56:37 --> 00:56:42 | So here's what 15 minute looks like here. And if you look at where we came |
| 654 | 00:56:42 --> 00:56:47 | from, see this high at seven o'clock in the morning. That's this high right |
| 655 | 00:56:47 --> 00:56:52 | there. See it on the right chart. So this chart, this larger chart here is |
| 656 | 00:56:52 --> 00:56:58 | the one minute, and this is the 15 minute time frame, 15, five, one minute. |
| 657 | 00:56:59 --> 00:57:03 | Those are your first three time frames to worry about. Okay? And I shouldn't |
| 658 | 00:57:03 --> 00:57:06 | say worry, because it's kind of like gives you a subconscious concern that |
| 659 | 00:57:06 --> 00:57:10 | you need to worry about it. You don't need to worry about it, but the levels |
| 660 | 00:57:10 --> 00:57:15 | and inefficiencies on the 15 minute time frame, the five minute time frame and |
| 661 | 00:57:16 --> 00:57:20 | the one minute time frame, if you're brand new, you don't know how to trade. |
| 662 | 00:57:20 --> 00:57:23 | ICT. You don't have a trade price action. You don't have trade period, |
| 663 | 00:57:23 --> 00:57:27 | okay? You don't need any other time frame, okay, you don't need anything |
| 664 | 00:57:27 --> 00:57:30 | else. You don't need a daily chart. You don't need an hourly chart. You don't |
| 665 | 00:57:30 --> 00:57:34 | need a 31 minute chart. You don't need a 17 minute chart, you don't need a 15 |
| 666 | 00:57:34 --> 00:57:38 | second chart. You don't need anything below a one minute chart. You don't need |
| 667 | 00:57:38 --> 00:57:43 | anything else to do what I'm going to teach you. Okay, this is what you're |
| 668 | 00:57:43 --> 00:57:47 | doing. You're studying price at specific times of the day. If you're not writing |
| 669 | 00:57:47 --> 00:57:52 | this part down, you're blowing it already. So between eight o'clock and |
| 670 | 00:57:52 --> 00:57:58 | 830 in the morning, New York local time or eastern standard time in the US, |
| 671 | 00:57:59 --> 00:58:05 | everything I mentioned in terms of time, if it's the time that matches New York |
| 672 | 00:58:05 --> 00:58:10 | local time. So set a clock. If you have your smartphone, there's a way that you |
| 673 | 00:58:10 --> 00:58:15 | can pull up world time and put one in there for New York, and you'll always |
| 674 | 00:58:15 --> 00:58:20 | know what time ICT is saying to look for these things to happen, because they're |
| 675 | 00:58:20 --> 00:58:27 | never going to not be there. Write that down again, okay, and underline it. This |
| 676 | 00:58:27 --> 00:58:32 | is always, absolutely without fail. It's never not going to do it. It's always |
| 677 | 00:58:32 --> 00:58:36 | every single fn day, it's going to do this very thing. It's going to do it. |
| 678 | 00:58:37 --> 00:58:43 | It's going to absolutely do it, because there is an algorithm, and it does this |
| 679 | 00:58:43 --> 00:58:50 | to spur on emotional interest or tangible orders that are actually |
| 680 | 00:58:50 --> 00:58:55 | sitting out there, real orders that are sitting above and below or inside of |
| 681 | 00:58:55 --> 00:59:01 | inefficiencies where the market needs to offer fair value to the marketplace. So |
| 682 | 00:59:01 --> 00:59:04 | what is it reaching for? It's reaching for old highs, old lows and |
| 683 | 00:59:04 --> 00:59:11 | inefficiencies. That's the fair value gap. Sippy but busy that thing. So once |
| 684 | 00:59:11 --> 00:59:15 | we know that the market is likely to do these things, that's a characteristic. |
| 685 | 00:59:16 --> 00:59:23 | It's an algorithmic characteristic. You don't need anything else besides this |
| 686 | 00:59:23 --> 00:59:30 | element as the foundation to what you're trying to trade, and you can make all |
| 687 | 00:59:30 --> 00:59:35 | the money you'd ever want. I'm going to say that again. Case you missed it, |
| 688 | 00:59:36 --> 00:59:39 | you're trying to find right now. You want the daily bias, and you want to be |
| 689 | 00:59:39 --> 00:59:44 | able to buy below the open and hold for the whole entire day. But are you really |
| 690 | 00:59:44 --> 00:59:47 | doing those things when you try to trade? No, as soon as you get 10 handles |
| 691 | 00:59:48 --> 00:59:52 | or 10 pips or whatever, you start struggling with holding on to the trade. |
| 692 | 00:59:53 --> 00:59:58 | You're paranoid that that winning trade, you just found out, just fell into your |
| 693 | 00:59:58 --> 01:00:02 | lap. Oh my goodness. Is, I'm winning. This is, this is something new. I need |
| 694 | 01:00:02 --> 01:00:06 | to secure this. But then you're, you're thinking, oh, wait a minute, let's just |
| 695 | 01:00:06 --> 01:00:10 | be holding for the daily range. And then you're wrestling, and that becomes a |
| 696 | 01:00:10 --> 01:00:15 | real hard wrestling match, doesn't it? It makes you feel nauseous. And if |
| 697 | 01:00:15 --> 01:00:18 | anybody tries to talk to you, even if they love you, your spouse, your |
| 698 | 01:00:18 --> 01:00:22 | girlfriend, your boyfriend, your child, your dog comes over and nuzzles up next |
| 699 | 01:00:22 --> 01:00:26 | to you any other time. You're like, oh, this time, get away from me. Can't you |
| 700 | 01:00:26 --> 01:00:32 | see? I'm trying to worry about this. 10 PIP handles move. The weight of the |
| 701 | 01:00:32 --> 01:00:38 | world is on my shoulders right now, and you're coming at me with this. You know |
| 702 | 01:00:38 --> 01:00:43 | what it means? You're stressing out. Why? Why would you have that response? |
| 703 | 01:00:43 --> 01:00:49 | Folks listening to headphones like, Oh, me, this guy, you're awake now, aren't |
| 704 | 01:00:49 --> 01:00:54 | you, but that's the reality. That's what it's like, and you'll feel it. If you |
| 705 | 01:00:54 --> 01:00:59 | never been there, you'll feel it. But the reason why you feel that is because |
| 706 | 01:00:59 --> 01:01:06 | you don't know what you're doing. You haven't done this part long enough where |
| 707 | 01:01:06 --> 01:01:12 | you're completely desensitized to okay, I'm doing this exercise to get |
| 708 | 01:01:12 --> 01:01:17 | comfortable with anticipating price moves. I'm getting comfortable with not |
| 709 | 01:01:17 --> 01:01:21 | knowing what it's going to do next candle, this candle, five candles from |
| 710 | 01:01:21 --> 01:01:31 | now, but I think it's going to draw to specific price levels. So if it clears |
| 711 | 01:01:31 --> 01:01:34 | that short term, let we talked about, what's it going to reach into? We have |
| 712 | 01:01:34 --> 01:01:43 | this inefficiency here. How long does it take to do that? And then you record, |
| 713 | 01:01:43 --> 01:01:47 | you screenshot this, and you say, Okay, well, it took 123456, |
| 714 | 01:01:50 --> 01:01:57 | candles from this volume imbalance to run above this short term high and get |
| 715 | 01:01:57 --> 01:02:02 | into this city, which is a sell side, imbalanced by sudden efficiency, a fair |
| 716 | 01:02:02 --> 01:02:07 | value gap that has a down close is a city, okay? A fair value gap that has a |
| 717 | 01:02:08 --> 01:02:15 | up close is a busy buy side of ml cell sign in efficiency. So what you're doing |
| 718 | 01:02:15 --> 01:02:20 | is you're measuring because you have zero baseline experience. You have no |
| 719 | 01:02:20 --> 01:02:24 | continuity and what is your reaching for, looking for in price action. And |
| 720 | 01:02:24 --> 01:02:29 | you study how long it took, and you record that many, this many minutes. And |
| 721 | 01:02:29 --> 01:02:33 | you also are honestly going to record in your journal, within the screenshot, |
| 722 | 01:02:33 --> 01:02:36 | like, like, maybe over here, or somewhere over here, you're going to |
| 723 | 01:02:36 --> 01:02:44 | record what it felt for you, physically. Were you anxious? Did you second guess |
| 724 | 01:02:44 --> 01:02:49 | that it was going to run there? Did you feel excited the entire time? Were you |
| 725 | 01:02:49 --> 01:02:53 | impatient that you thought it should have moved there sooner and faster? Did |
| 726 | 01:02:53 --> 01:02:59 | certain candle formations cause you to, you know, doubt it. Did you have a point |
| 727 | 01:02:59 --> 01:03:04 | at which you thought that it was given another opportunity to trade to or not |
| 728 | 01:03:04 --> 01:03:07 | trade to but offer another entry, like, say, for instance, if you want a |
| 729 | 01:03:07 --> 01:03:11 | pyramid, pyramiding should not be part of your repertoire yet. That's something |
| 730 | 01:03:11 --> 01:03:16 | that you need to be doing maybe a year after trading with one contract. Oh, |
| 731 | 01:03:16 --> 01:03:20 | come on. You want to learn how to do it correctly. This is the way you do it. |
| 732 | 01:03:21 --> 01:03:25 | There's all kinds of time and opportunity for pyramided trades, but |
| 733 | 01:03:25 --> 01:03:30 | you first have to get good at trading with one micro contract, one micro |
| 734 | 01:03:30 --> 01:03:36 | contract, because what that does is it removes, hopefully, this is the only |
| 735 | 01:03:36 --> 01:03:45 | thing you can do to fend off the greed and fear. You can't blow the account. If |
| 736 | 01:03:45 --> 01:03:51 | you trade with one micro and you only take one trade a day, you can there. |
| 737 | 01:03:51 --> 01:03:55 | It's physically impossible for you to go out there on day one and blow the |
| 738 | 01:03:55 --> 01:03:59 | account, because, see, that's what your your subconscious is fearful of. I don't |
| 739 | 01:03:59 --> 01:04:03 | want to blow the account. I don't want to have a big losing trade. I don't want |
| 740 | 01:04:03 --> 01:04:08 | to go into big draw down. Okay, that's easy. Don't overlever your account, and |
| 741 | 01:04:08 --> 01:04:13 | don't take more than one trade today. But ICT. But ICT, nothing. If you want |
| 742 | 01:04:13 --> 01:04:19 | to be able to do it correctly, you have to do things with a process. There has |
| 743 | 01:04:19 --> 01:04:25 | to be a logic behind it. There has to be some measure of rule based thinking, and |
| 744 | 01:04:25 --> 01:04:30 | then you have to adhere to that. If you don't want to adhere to rules, I promise |
| 745 | 01:04:30 --> 01:04:34 | you, you're going to lose, you're going to fail, and you're going to blame me. |
| 746 | 01:04:34 --> 01:04:37 | You're going to blame everybody else. You're going to blame the the prop firm. |
| 747 | 01:04:37 --> 01:04:40 | You're going to blame the brokerage firm. You're going to blame everything. |
| 748 | 01:04:40 --> 01:04:46 | But you I know this because I did the same thing as a 20 year old. I did the |
| 749 | 01:04:46 --> 01:04:52 | same thing numerous times. I have students that repeat the same thing. |
| 750 | 01:04:52 --> 01:04:57 | They send me hate mail years ago. Oh, you, you didn't teach me, right? This |
| 751 | 01:04:57 --> 01:05:01 | blah, blah, blah, and then later on, they went. Do it properly, and then they |
| 752 | 01:05:01 --> 01:05:05 | send me emails apologizing. It was a mistake on my part. ICT, I didn't |
| 753 | 01:05:05 --> 01:05:08 | listen. I went back and re listened to it all, and I made all the mistakes you |
| 754 | 01:05:08 --> 01:05:11 | said I was going to make if I didn't listen, and just plunged ahead and did |
| 755 | 01:05:11 --> 01:05:15 | what I wanted to do now. I did it the right way. I listened to what you were |
| 756 | 01:05:15 --> 01:05:23 | expecting in terms of a properly mindset student that follows the rules and |
| 757 | 01:05:23 --> 01:05:26 | accepts the the diversities initially that are normal. They're all normal |
| 758 | 01:05:26 --> 01:05:31 | growing pains. But see, you're trying to be the exception. You don't want it to |
| 759 | 01:05:31 --> 01:05:35 | happen to you. You think it's going to be candy bars and milkshakes and just |
| 760 | 01:05:35 --> 01:05:38 | everything's sweet and lovely, and butterflies are going to come land on |
| 761 | 01:05:38 --> 01:05:45 | your hand, and everything's up. No, no, no, no, no, no. As soon as you push the |
| 762 | 01:05:45 --> 01:05:53 | button, you're asking the shark to take a leg off. You're asking that lion to |
| 763 | 01:05:53 --> 01:06:00 | take your face off. You're inviting it. That's what it is. As soon as you enter |
| 764 | 01:06:00 --> 01:06:05 | these markets, you've entered the jungle, you've entered the deep waters. |
| 765 | 01:06:06 --> 01:06:10 | And honey, Everybody's hungry, and if you offer it up on a silver platter, |
| 766 | 01:06:11 --> 01:06:16 | they're going to take it and eat it. And you can't be upset about it. That's |
| 767 | 01:06:16 --> 01:06:23 | that's the, that's the the currency here, yours are mine, mine are yours. |
| 768 | 01:06:24 --> 01:06:29 | That's it. It doesn't matter how anybody else trades. It's are you liquidity? |
| 769 | 01:06:29 --> 01:06:40 | Right now? Are you liquidity? Because if you're liquidity, your lunch. I go in |
| 770 | 01:06:40 --> 01:06:43 | and I'm looking for lunch. I'm looking for the liquidity. I'm looking for |
| 771 | 01:06:43 --> 01:06:49 | reasons why the market will trade to this level, why it could potentially |
| 772 | 01:06:49 --> 01:06:54 | trade to this level, but I don't need it to trade. For instance, this is the draw |
| 773 | 01:06:54 --> 01:07:02 | on liquidity. Draw on liquidity is just a initial reasonable assumption on our |
| 774 | 01:07:02 --> 01:07:08 | part to determine a directional move that could unfold. It does not mean and |
| 775 | 01:07:08 --> 01:07:14 | it does not define the absolute Terminus to a price run or the be all, end all |
| 776 | 01:07:14 --> 01:07:22 | target in planar terms, the market's probably going to keep moving until it |
| 777 | 01:07:22 --> 01:07:25 | gets to this level. It doesn't mean that it can't have retracements lower. It |
| 778 | 01:07:25 --> 01:07:30 | doesn't mean that it can't make a lower low than it's done here highly unlikely, |
| 779 | 01:07:30 --> 01:07:35 | but it's still a initial idea. So when you're first trying to learn how to read |
| 780 | 01:07:35 --> 01:07:38 | these markets, when you're first trying to determine where the market's likely |
| 781 | 01:07:38 --> 01:07:43 | to go, you have to strip away everything that you're trying to force into |
| 782 | 01:07:44 --> 01:07:48 | reading, every single individual candlestick. And if you watch a lot of |
| 783 | 01:07:48 --> 01:07:51 | my videos, or if you have a lot of notes, or you've dabbled in things, |
| 784 | 01:07:52 --> 01:07:56 | chances are you probably already have a pet technique that you want to be yours, |
| 785 | 01:07:56 --> 01:07:59 | and you may not even be good at using it yet, but you just want it because it has |
| 786 | 01:07:59 --> 01:08:03 | a cool name, like a a Reaper, fair value guy, you know, when I taught that to my |
| 787 | 01:08:03 --> 01:08:08 | private mentorship, they're like, oh, man, I that's going to be my thing. |
| 788 | 01:08:08 --> 01:08:12 | That's going to that's going to be it for me, you know, or event horizon, |
| 789 | 01:08:12 --> 01:08:17 | which is the midpoint between two, two, new week opening gaps, or new date |
| 790 | 01:08:17 --> 01:08:24 | opening gaps. And because of the names, okay, these names are meaningful to me. |
| 791 | 01:08:25 --> 01:08:30 | They're not meant to inspire you to want to do them over another. It's just |
| 792 | 01:08:30 --> 01:08:35 | that's, that's what I named. I got 81 of these things, so it's a way for me to |
| 793 | 01:08:35 --> 01:08:42 | keep track of what its purpose was, and or it kind of puts a little stamp of |
| 794 | 01:08:42 --> 01:08:47 | when I discovered it, and something had a impact on me, and it was a cool name |
| 795 | 01:08:47 --> 01:08:54 | or inspiration to it. So when we're looking at price as you as a brand new |
| 796 | 01:08:54 --> 01:08:58 | student, not knowing what to do, you want to make this kind of like a game |
| 797 | 01:08:59 --> 01:09:06 | and a discovery, something fun, not a video game, okay, but it's a game of |
| 798 | 01:09:06 --> 01:09:14 | determining. Does it have what it takes to move to these highs? Here a way of |
| 799 | 01:09:14 --> 01:09:19 | saying it to yourself that's very disarming. It's okay. I see how this is |
| 800 | 01:09:19 --> 01:09:25 | smooth. These two highs are relatively equal. That looks like a real nice, |
| 801 | 01:09:25 --> 01:09:34 | obvious flat space in price. We don't see that same flatness down here. You |
| 802 | 01:09:34 --> 01:09:39 | see that. So in other words, if you had a shark, if you had two sharks, rather, |
| 803 | 01:09:40 --> 01:09:46 | you have two sharks in front of you. One has had its teeth removed. Well, that |
| 804 | 01:09:48 --> 01:09:51 | would be represented something like this. This is the shark with no teeth. |
| 805 | 01:09:51 --> 01:09:57 | It's basically got gums. Okay? There's no teeth there. Down here, there has |
| 806 | 01:09:57 --> 01:10:00 | been a shark attack. How do we know that? Because we can see the wound. Was |
| 807 | 01:10:00 --> 01:10:06 | from the teeth, the jaggedness, the jaggedness, the jaggedness, and now it's |
| 808 | 01:10:06 --> 01:10:10 | going to another free, to another frenzy or feeding. Where is that? Well, we've |
| 809 | 01:10:10 --> 01:10:15 | just created one. We have this high here that's really close to this one. You see |
| 810 | 01:10:15 --> 01:10:23 | that. So you observe price action, and you're looking for areas that look real |
| 811 | 01:10:23 --> 01:10:28 | smooth and safe, where they say peace and safety, sudden destruction comes |
| 812 | 01:10:28 --> 01:10:33 | upon them anytime that you're looking at price action. And it doesn't matter what |
| 813 | 01:10:33 --> 01:10:37 | time frame you're looking at, okay, if you're looking at it through the lens of |
| 814 | 01:10:37 --> 01:10:43 | a second chart, sub, sub one minute, or a weekly chart, or a monthly chart, or a |
| 815 | 01:10:43 --> 01:10:46 | quarterly chart, where it's three months of data compressed in to make the |
| 816 | 01:10:46 --> 01:10:53 | candlesticks. It does not matter. This principle is always true. The market |
| 817 | 01:10:53 --> 01:11:00 | will go to an area of smoothness for the purpose of disrupting any orders that |
| 818 | 01:11:00 --> 01:11:07 | would be resting above or below it we've already mentioned down here show you. |
| 819 | 01:11:11 --> 01:11:17 | Now. Don't be discouraged if you can't watch this stuff real time and see it or |
| 820 | 01:11:17 --> 01:11:24 | outline it in advance. It's okay for you to come home for work and look at your |
| 821 | 01:11:24 --> 01:11:30 | your charts after the fact, and go back and look at this and study it as if you |
| 822 | 01:11:30 --> 01:11:35 | have, obviously the benefit of hindsight initially, but you don't want to stay in |
| 823 | 01:11:35 --> 01:11:40 | that very long, so you're going to have to procure yourself Some instruments |
| 824 | 01:11:40 --> 01:11:45 | that allow you to watch price action, not with Market Replay. |
| 825 | 01:11:46 --> 01:11:52 | Look, I am not a fan of Market Replay. I absolutely loathe it. I hate it. I can't |
| 826 | 01:11:52 --> 01:11:56 | stand it, and I wish it wasn't available. That's that I wish it wasn't |
| 827 | 01:11:56 --> 01:12:03 | even available to anyone else, because it's a crutch that allows frauds to be |
| 828 | 01:12:03 --> 01:12:07 | able to sound like they're smart and teach something because it's already |
| 829 | 01:12:07 --> 01:12:16 | happened. If you can do it over live price action, not just once in a while, |
| 830 | 01:12:16 --> 01:12:23 | but continuously, and your audience or viewership can see this, then you have |
| 831 | 01:12:23 --> 01:12:27 | earned the right to have a voice, and then people should have no problems |
| 832 | 01:12:27 --> 01:12:30 | sitting and listening to you lecture and talk about what you think is likely to |
| 833 | 01:12:30 --> 01:12:35 | occur, because you have a sound basis or foundation to what what it is that |
| 834 | 01:12:35 --> 01:12:38 | you're talking about. Therefore, because you have a track record of being able to |
| 835 | 01:12:38 --> 01:12:44 | talk about before it happens, it removes the anxiety that is reasonable for |
| 836 | 01:12:44 --> 01:12:46 | everyone to have when they first sit down Listen, but when you as the |
| 837 | 01:12:46 --> 01:12:49 | student, and you don't have the ability to watch it live, because you have a |
| 838 | 01:12:49 --> 01:12:56 | job, or you're in university, or you sleep like you have to sleep, right, and |
| 839 | 01:12:56 --> 01:13:03 | your place In the world and your general geographic location may not be conducive |
| 840 | 01:13:03 --> 01:13:07 | for you to trade at 830 tomorrow in New York, local time, you may have to trade |
| 841 | 01:13:07 --> 01:13:13 | in the London session. And yes, Virginia, I will be up during the London |
| 842 | 01:13:13 --> 01:13:16 | session doing one of these, or two of these lectures in a week or two. Okay, |
| 843 | 01:13:17 --> 01:13:21 | so we're not we're not focusing on one specific time of the day. And I'll come |
| 844 | 01:13:21 --> 01:13:24 | back to that section where I was telling you, write down the times of the day in |
| 845 | 01:13:24 --> 01:13:28 | a moment. But when we're looking at initially, you don't have to see this |
| 846 | 01:13:28 --> 01:13:37 | real time to get a collection of screenshots for your journal. But if you |
| 847 | 01:13:37 --> 01:13:42 | don't do this and journal and screenshot and annotate your chart and study how |
| 848 | 01:13:42 --> 01:13:47 | long price runs took place. How many candles did it take to move there? Was |
| 849 | 01:13:47 --> 01:13:55 | there any kind of formation in the price delivery that would have caused you to |
| 850 | 01:13:55 --> 01:13:59 | not trust it unfolding? Now that's going to be very hard for you to do, because |
| 851 | 01:13:59 --> 01:14:02 | initially, especially the men, they're always going to say, No, I would have |
| 852 | 01:14:02 --> 01:14:05 | never second guessed it. It would have it would have been easy for me to hold |
| 853 | 01:14:05 --> 01:14:08 | on to that. And the same people, when they get into a trade, if they ever were |
| 854 | 01:14:08 --> 01:14:12 | to do it in front of you, they don't have any conviction, and they're going |
| 855 | 01:14:12 --> 01:14:15 | to bail out on the trade. Okay, I gotta get out of it. So can't stand the |
| 856 | 01:14:15 --> 01:14:20 | pressure. It's moved five handles, but they call 30 handles or 50 handles above |
| 857 | 01:14:20 --> 01:14:25 | or below, and they get out of five hands because the pressure of it not doing |
| 858 | 01:14:26 --> 01:14:30 | what they expected to do, and then realizing a loss in front of someone |
| 859 | 01:14:30 --> 01:14:35 | that's a lot more pressure for them, and they don't want to have that. So what's |
| 860 | 01:14:35 --> 01:14:39 | more important their image, or them following a model that they have seen |
| 861 | 01:14:39 --> 01:14:42 | works and have trusted and did the back testing, and they had the data behind |
| 862 | 01:14:42 --> 01:14:47 | it, their image, and that's not someone you should learn from. Okay, I'm just |
| 863 | 01:14:47 --> 01:14:54 | tossing that out there. So what we're looking for always, the first thing that |
| 864 | 01:14:54 --> 01:15:02 | you're looking for, Caleb, is, where is the market? Smooth. On the 15, the five |
| 865 | 01:15:02 --> 01:15:07 | and the one minute chart. Is that complicated? Nope, it's not complicated |
| 866 | 01:15:07 --> 01:15:12 | at all. It's real simple. What does it look like to be smooth? Well, when you |
| 867 | 01:15:12 --> 01:15:17 | have price levels that create highs, like this swing high here and this swing |
| 868 | 01:15:17 --> 01:15:23 | high here, they're real close to one another. See that when you're looking |
| 869 | 01:15:23 --> 01:15:28 | for relative equal highs, here's your secret weapon for it, okay, how do you |
| 870 | 01:15:28 --> 01:15:33 | know it's a high probability, relative equal high that's likely to get swept or |
| 871 | 01:15:33 --> 01:15:38 | traded through? How do you know that? ICT, what differentiates that from any |
| 872 | 01:15:38 --> 01:15:44 | other? Okay, it's this, if you have two swing highs, if the one to the left is |
| 873 | 01:15:44 --> 01:15:47 | slightly higher than the right, you have a very, very high probability that |
| 874 | 01:15:47 --> 01:15:52 | they're going to want to take it above there, just like you see here, we have a |
| 875 | 01:15:52 --> 01:15:56 | high and then the swing here happens to be just a little bit lower than that. |
| 876 | 01:15:56 --> 01:16:02 | Here's what's going on. This is called priming. Okay? Priming is where you |
| 877 | 01:16:02 --> 01:16:13 | continuously create, inspire or manipulate the expectations of a large |
| 878 | 01:16:13 --> 01:16:17 | number of investors, and they think, oh, it's going to go through that high but |
| 879 | 01:16:17 --> 01:16:20 | then there's a lot of folks that don't want to see it go there because they |
| 880 | 01:16:20 --> 01:16:26 | went short. So when the market goes up here and stops and turns down, what that |
| 881 | 01:16:26 --> 01:16:33 | does is it creates a sympathetic sigh. The shorts are relaxing. If the shorts |
| 882 | 01:16:33 --> 01:16:36 | are relaxing, what are they saying? They're saying that this is now what |
| 883 | 01:16:36 --> 01:16:42 | resistance. So anyone that takes a new short position, where are they going to |
| 884 | 01:16:42 --> 01:16:46 | think that the safest place to put their stop loss is going to be right above |
| 885 | 01:16:46 --> 01:16:52 | these highs? Why can we trust that they're likely to take that relative |
| 886 | 01:16:52 --> 01:16:57 | equal high out? Not that it will that session that you're trading, but it's |
| 887 | 01:16:57 --> 01:17:02 | high probability that this will be swept when the second or the one to the right |
| 888 | 01:17:02 --> 01:17:06 | that swing high is lower than the one to the left, that frames these two as |
| 889 | 01:17:06 --> 01:17:12 | relatively equal. Okay, same thing is occurring. Here. We have this high here, |
| 890 | 01:17:12 --> 01:17:16 | this high here, this one being slightly lower than that one. So when the market |
| 891 | 01:17:16 --> 01:17:20 | went up like this and we had this drop down, what that causes is a sympathetic |
| 892 | 01:17:20 --> 01:17:26 | sigh. I What Is that causing people? Anyone that went short here, they feel |
| 893 | 01:17:26 --> 01:17:31 | like, okay, that's scary, because it almost went that high where their stop |
| 894 | 01:17:31 --> 01:17:36 | loss would be if they're trying to go short in this area. See that? So what do |
| 895 | 01:17:36 --> 01:17:39 | you think it looks like when we have relative equal lows, what would be a |
| 896 | 01:17:39 --> 01:17:43 | high probability, relative equal load, that the market is likely to draw down |
| 897 | 01:17:43 --> 01:17:46 | and go below it would be a low I |
| 898 | 01:18:04 --> 01:18:14 | that has a slightly higher low in common terms, it's referred as a failure swing. |
| 899 | 01:18:14 --> 01:18:18 | Okay, so a failure swing. Now a lot of people say, Oh, see, he's just |
| 900 | 01:18:18 --> 01:18:22 | reinventing No, see what you you're trying to trade that. That's what a |
| 901 | 01:18:22 --> 01:18:26 | failure swing is when you're trying to trade you long or short, when that |
| 902 | 01:18:26 --> 01:18:32 | second pass that doesn't take out the low or take out a previous high, that's |
| 903 | 01:18:32 --> 01:18:37 | selling short of failure swing, okay, what I'm teaching you is, is how to |
| 904 | 01:18:37 --> 01:18:43 | identify in in price action, where the algorithm will refer back to and why? |
| 905 | 01:18:44 --> 01:18:48 | What are the what are the the central tenants as to what the algorithm is |
| 906 | 01:18:48 --> 01:18:54 | referring to at a specific time of day, most important, and then it refers back |
| 907 | 01:18:54 --> 01:18:58 | to these because, okay, it sees this high based on time, and then the higher |
| 908 | 01:18:58 --> 01:19:02 | high prior to that one is here. So it's very simple for the algorithm to call |
| 909 | 01:19:02 --> 01:19:06 | that information as an array and say, Okay, this high was at this time, and |
| 910 | 01:19:06 --> 01:19:10 | this high was higher than prior to it, and they're in close proximity. What's |
| 911 | 01:19:10 --> 01:19:15 | the filter? I'm not going to tell you that, but it's not very much in terms of |
| 912 | 01:19:15 --> 01:19:20 | difference between the price and when you have that element, the market will |
| 913 | 01:19:20 --> 01:19:25 | invariably start marching back to those levels. It does not matter. It apps. |
| 914 | 01:19:25 --> 01:19:31 | Listen, listen, folks. It does not matter how many buyers are buying the |
| 915 | 01:19:31 --> 01:19:36 | market to go up there and how many short sellers. Okay, the proof of it is, it's |
| 916 | 01:19:36 --> 01:19:42 | just look at a depth of market. Look at a ladder. Okay, a DOM, not a dome. Okay? |
| 917 | 01:19:42 --> 01:19:47 | I'm so tired of hearing people it's not a dome. Do you see an E at the end of |
| 918 | 01:19:47 --> 01:19:54 | that? It's D, O N, it's a DOM. Okay, depth of market. Look at those orders. |
| 919 | 01:19:55 --> 01:20:01 | There's no imbalances there. There's no imbalances. You're. Just as many short |
| 920 | 01:20:01 --> 01:20:06 | orders below the market as there is above. But yet, the market will still |
| 921 | 01:20:06 --> 01:20:10 | March in March, in March and March, and go to the beat of the drum that I tell |
| 922 | 01:20:10 --> 01:20:18 | you it does. It reaches to these levels because it's coded to do this. And if |
| 923 | 01:20:18 --> 01:20:22 | you do this for a couple weeks, you're going to see, oh, wow, yeah. This is, |
| 924 | 01:20:22 --> 01:20:27 | this feels artificial. It feels like it's it's designed to do these types of |
| 925 | 01:20:27 --> 01:20:31 | things because they tend to repeat every single day at specific times of the day. |
| 926 | 01:20:31 --> 01:20:37 | It will do this. Let me go back to the times element every day between eight |
| 927 | 01:20:37 --> 01:20:40 | o'clock in the morning. This is all always New York local time. Okay, so |
| 928 | 01:20:40 --> 01:20:43 | it's very important you You remember that, because I have new people coming |
| 929 | 01:20:43 --> 01:20:47 | all the time, and they'll say, I looked at this chart here, and you told me, |
| 930 | 01:20:47 --> 01:20:52 | Yeah, but you're looking at it in Bangladesh time. Okay? I don't live in |
| 931 | 01:20:52 --> 01:20:57 | Bangladesh. I'm in the east coast of the United States, and the algorithm is on |
| 932 | 01:20:57 --> 01:21:01 | New York local time. I don't care what anybody else tells you, okay, that's |
| 933 | 01:21:01 --> 01:21:06 | what it's on, period and the story. You can wrestle with it if you want, but |
| 934 | 01:21:06 --> 01:21:12 | that's just the way it is. Between eight o'clock and 830 in the morning, you want |
| 935 | 01:21:12 --> 01:21:17 | to sit down and determine where are the smooth locations in price action on the |
| 936 | 01:21:17 --> 01:21:22 | 15 minute, the five minute and the one minute, okay? And we go, we've, we've |
| 937 | 01:21:22 --> 01:21:29 | had the 15 minute on. Let's go down to a five. Okay, so right away you can see |
| 938 | 01:21:29 --> 01:21:35 | that this high here is relative to that one, and this one here also with that |
| 939 | 01:21:36 --> 01:21:39 | this one being slightly higher than that one. So there's a lot of liquidity. |
| 940 | 01:21:40 --> 01:21:48 | That's sitting at 17,008 20.75 now real important. It does not mean that it has |
| 941 | 01:21:48 --> 01:21:55 | to happen during that session. It does not mean that, and that is the |
| 942 | 01:21:55 --> 01:21:59 | underlying risk that you assume every single time you take a trade. You're |
| 943 | 01:21:59 --> 01:22:04 | looking for things that are going to stack the odds of probability in your |
| 944 | 01:22:04 --> 01:22:08 | favor. It does not mean it's an absolute, guaranteed outcome. See, I |
| 945 | 01:22:08 --> 01:22:13 | have students that literally take the time and waste their time and writing me |
| 946 | 01:22:13 --> 01:22:17 | an email. Sometimes they're like novels or novellas, and usually it's like three |
| 947 | 01:22:17 --> 01:22:22 | paragraphs of congrat congratulating me and worship and whatever. And I don't |
| 948 | 01:22:22 --> 01:22:25 | like that, and usually when I get that kind of stuff, I immediately just this. |
| 949 | 01:22:25 --> 01:22:29 | It's pushed the email away. I don't want you looking up to me. I don't want you |
| 950 | 01:22:29 --> 01:22:33 | worshiping Me. I'm not the greatest of all time, I'm not the goat, I'm not none |
| 951 | 01:22:33 --> 01:22:36 | of those things. I'm just a guy that has a whole bunch of information and |
| 952 | 01:22:36 --> 01:22:40 | experience, and I want to share it with you, and I want to see what you do with |
| 953 | 01:22:40 --> 01:22:50 | it. But these individuals will say, you know, I need you to tell me how to make |
| 954 | 01:22:50 --> 01:22:55 | sure that I don't have this wrong. I only want to take this pattern. So how |
| 955 | 01:22:55 --> 01:23:01 | do I avoid taking losing trades with a inversion, fair value gap or a |
| 956 | 01:23:01 --> 01:23:05 | mitigation block, or the breaker? How do I know if it's a breaker or if it's a |
| 957 | 01:23:05 --> 01:23:10 | shift in market structure? Well, that's easy. You have to have a higher Time |
| 958 | 01:23:10 --> 01:23:16 | Frame premise and a directional draw where the market's going to go, and if |
| 959 | 01:23:16 --> 01:23:22 | you think it's going to go higher, when you see the market creating a short term |
| 960 | 01:23:22 --> 01:23:27 | turn. Well, I'll give you an example. Over here. We have the relative equal |
| 961 | 01:23:27 --> 01:23:34 | lows here and the market drops. You see that? So this drop down here, every up |
| 962 | 01:23:34 --> 01:23:41 | close candle on this time frame, all this right here, that is your breaker. |
| 963 | 01:23:41 --> 01:23:47 | The most sensitive candle, or range is going to be the last up close candle. |
| 964 | 01:23:50 --> 01:23:56 | Look at like this. That's this range low and see where the body stopped, right |
| 965 | 01:23:56 --> 01:24:00 | there. We wick through it. I'm not denying that, but the damage is always |
| 966 | 01:24:00 --> 01:24:05 | done by the wick and the range high there, |
| 967 | 01:24:13 --> 01:24:18 | oops, sorry, that is your bullish breaker. But the range here from that up |
| 968 | 01:24:18 --> 01:24:23 | close candle that starts all these consecutive up close candles, all of |
| 969 | 01:24:23 --> 01:24:29 | that is technically the bullish breaker, though, the most sensitivity is going to |
| 970 | 01:24:29 --> 01:24:33 | be seen in that last up close candle. That is not supply and demand. That's |
| 971 | 01:24:33 --> 01:24:38 | not, that's not supply and demand zone. Sam SEIDEN would never, ever, ever refer |
| 972 | 01:24:38 --> 01:24:41 | to what I just said, Never. He would never do that, and he would never |
| 973 | 01:24:41 --> 01:24:45 | consider anyway, because we're cutting through candles, because we're looking |
| 974 | 01:24:45 --> 01:24:50 | at what an algorithm is doing, not some floor trader ticket runners perception |
| 975 | 01:24:50 --> 01:24:56 | of something that doesn't really exist. So the turn here at the bodies that |
| 976 | 01:24:56 --> 01:25:00 | tells you what tells you the narrative. So what is it going to do? It, it's |
| 977 | 01:25:00 --> 01:25:04 | going to go higher. Okay, so what at that time would you focus on? Well, you |
| 978 | 01:25:04 --> 01:25:09 | have this short term high here, the inefficiency that's trade to there. We |
| 979 | 01:25:09 --> 01:25:12 | want to see it, trade above it and then act as what support, which would be a, |
| 980 | 01:25:12 --> 01:25:17 | what integration of your value gap to do that. What would it reach for next, this |
| 981 | 01:25:17 --> 01:25:22 | high and this inefficiency? Does it do that? Yes, what are the bodies doing? |
| 982 | 01:25:23 --> 01:25:27 | Stopping just at that same level here, and more specifically, in my eyes, |
| 983 | 01:25:27 --> 01:25:30 | didn't notice this when I put it up here. Do you see a little separation? |
| 984 | 01:25:32 --> 01:25:35 | That's a volume imbalance. Go back and listen to the other lectures. You have |
| 985 | 01:25:35 --> 01:25:39 | to include that volume imbalance when you have a fair value gap. Whether this |
| 986 | 01:25:39 --> 01:25:47 | year city put it on you can see the bodies being encapsulated by that, and |
| 987 | 01:25:47 --> 01:25:52 | now the market trades back up into that, the bodies. I'm sorry the audience, |
| 988 | 01:25:52 --> 01:25:56 | candlesticks are trading inside the inefficiency it wicks above it. But look |
| 989 | 01:25:56 --> 01:26:04 | where the bodies are stopping, and look where the bodies are here. I'm Where's |
| 990 | 01:26:04 --> 01:26:10 | liquidity at below here, nothing in here. This is all very balanced price |
| 991 | 01:26:10 --> 01:26:15 | delivery, because it's back and forth. Every other candle is overlapping the |
| 992 | 01:26:15 --> 01:26:21 | highest high and the lowest low. Pretty much, pretty much, kind of coloring it |
| 993 | 01:26:21 --> 01:26:25 | very, very, very good, back and forth, all this price actions back and forth |
| 994 | 01:26:25 --> 01:26:30 | versus then we have all these run where we have separations in here, back down |
| 995 | 01:26:30 --> 01:26:36 | into that breaker. There this response right here to what it's just done. There |
| 996 | 01:26:38 --> 01:26:44 | that expectation and response in how price can react to levels like that. |
| 997 | 01:26:44 --> 01:26:48 | That's a nice little scalp, right there. I mean, look at it. Move from 515 to |
| 998 | 01:26:48 --> 01:26:58 | what? 596 that's a good run. You can't get 20 handles out of that on a 15 |
| 999 | 01:26:58 --> 01:27:04 | second chart. You can, if you know what you're looking for. You looking for now, |
| 1000 | 01:27:04 --> 01:27:13 | also notice that we've treated again, high, lower, high, high, lower, high, |
| 1001 | 01:27:13 --> 01:27:21 | but real close to one another. When did it form? Prior to 930 so we have eight |
| 1002 | 01:27:21 --> 01:27:26 | to 830 and then you study nine to 930 because it's going to do what it's going |
| 1003 | 01:27:26 --> 01:27:33 | to look and seek the liquidity or inefficiencies. So here's 930 there, |
| 1004 | 01:27:34 --> 01:27:40 | forming on the bullish breaker. It trades down. And then we have relative |
| 1005 | 01:27:40 --> 01:27:45 | equal highs here. I don't like to usually do this, but I have to do it to |
| 1006 | 01:27:45 --> 01:27:53 | the sake of discussion. So we have these relative equal highs, this high and that |
| 1007 | 01:27:53 --> 01:27:58 | high, relative equal high and we have this area up here. So if the market's |
| 1008 | 01:27:58 --> 01:28:03 | going to do, what if it's going to make a punishing move towards the shorts that |
| 1009 | 01:28:03 --> 01:28:09 | want to see it drop, because the market has dropped early on, seven o'clock in |
| 1010 | 01:28:09 --> 01:28:14 | the morning, okay? And we have all these very clean levels. What did we just do |
| 1011 | 01:28:14 --> 01:28:20 | here? We have a low. It was traded down into it disrupted this little area in |
| 1012 | 01:28:20 --> 01:28:26 | here. So it's made this area jagged. Remember I was saying earlier, where the |
| 1013 | 01:28:26 --> 01:28:33 | market's real smooth over here versus what it was doing down here, where has |
| 1014 | 01:28:33 --> 01:28:40 | the work been done? Meaning, if there is a group of traders that are very |
| 1015 | 01:28:40 --> 01:28:45 | cannibalistic, and they tend to be more correct than wrong, or if they are the |
| 1016 | 01:28:45 --> 01:28:49 | ones that generally make the money more consistently than the ones that don't. |
| 1017 | 01:28:49 --> 01:28:54 | In other words, think of like the World Series of Poker. Okay, if you ever watch |
| 1018 | 01:28:54 --> 01:29:02 | that, it's really fascinating to see how the long term players that always find |
| 1019 | 01:29:02 --> 01:29:07 | themselves at the final table. They may not win, but they always find their way |
| 1020 | 01:29:07 --> 01:29:14 | at the final table. That's experience, and that's skill. Well, you can see |
| 1021 | 01:29:14 --> 01:29:18 | those things in price action. They're like fingerprints, okay, you can see |
| 1022 | 01:29:18 --> 01:29:21 | when the cannibals come in and they devour the pygmies. They go in there and |
| 1023 | 01:29:21 --> 01:29:27 | just chew em all up. And it's where the market is made jagged price delivery |
| 1024 | 01:29:28 --> 01:29:32 | always. It's always like this, folks. It's never not going to be hidden from |
| 1025 | 01:29:32 --> 01:29:41 | you. Okay? It's always plain sight. But see, you're so in enamored by animal |
| 1026 | 01:29:41 --> 01:29:47 | patterns, harmonic patterns, gimmicky named, supposed retail indicators. |
| 1027 | 01:29:47 --> 01:29:52 | Everybody's got a new indicator. I got one for you that's going to beat all of |
| 1028 | 01:29:52 --> 01:29:59 | them. It's the open, high, low and close and the clock. How about that? How about |
| 1029 | 01:29:59 --> 01:30:04 | that? Catch me outside. How about that? Okay, it's simple, and all of you |
| 1030 | 01:30:04 --> 01:30:08 | complain, not all, but just the the asshats do, oh, this is complicated. |
| 1031 | 01:30:08 --> 01:30:13 | It's convoluted. So and So teaches this so much better. Okay, I don't see so and |
| 1032 | 01:30:13 --> 01:30:17 | so, doing anything I don't see so and so, doing anything but using market |
| 1033 | 01:30:17 --> 01:30:25 | replay and trying to convince himself everything he says after he says it. So |
| 1034 | 01:30:25 --> 01:30:31 | we had these relative equal highs swept here. See that case study, bullish |
| 1035 | 01:30:31 --> 01:30:35 | breaker to there. So how many candles did it take to do that? You screenshot |
| 1036 | 01:30:35 --> 01:30:42 | it. How many? How many handles Did it run from the low to that relative equal |
| 1037 | 01:30:42 --> 01:30:46 | high being taken out. And once it does that, keep the chart active with it on |
| 1038 | 01:30:46 --> 01:30:50 | there, but then just make it very, very light. Well, not that like, make it |
| 1039 | 01:30:50 --> 01:30:55 | light. So that way you can still see it, but it doesn't have all of your focus. |
| 1040 | 01:30:55 --> 01:30:58 | So that way it allows you to focus on, like, there's a fair value gap here. We |
| 1041 | 01:30:58 --> 01:31:05 | traded down into mid gap, which is this wick here, since price is above it, that |
| 1042 | 01:31:05 --> 01:31:09 | makes it a discount array, consequent encroachment of that trace to it, we |
| 1043 | 01:31:09 --> 01:31:11 | want to see it run above this high here. |
| 1044 | 01:31:16 --> 01:31:22 | Some of you that are trying to learn how to do this are having a blast with this, |
| 1045 | 01:31:22 --> 01:31:27 | because not only am I giving you things to talk about in your own journal of |
| 1046 | 01:31:27 --> 01:31:32 | focus, but you're also seeing things unfold over a live chart, and you're |
| 1047 | 01:31:32 --> 01:31:35 | watching on your live chart. Okay? So this is not Market Replay. It's not |
| 1048 | 01:31:35 --> 01:31:40 | delayed data, okay? It's not after the fact, talking narrative over a chart, |
| 1049 | 01:31:41 --> 01:31:45 | everything that these assets leave comments on in my YouTube comment |
| 1050 | 01:31:45 --> 01:31:48 | section that you can't see, but I see in getting them in use by it. So there's |
| 1051 | 01:31:48 --> 01:31:52 | the relative equal highs there too. So now same thing here. You want to mute |
| 1052 | 01:31:53 --> 01:31:58 | that in terms of its importance. And now you want to see, does it have the |
| 1053 | 01:31:58 --> 01:32:07 | wherewithal to run aggressively for that 17,008 20.75 any of this seem |
| 1054 | 01:32:07 --> 01:32:14 | complicated to you? It shouldn't already know what you're thinking. And some of |
| 1055 | 01:32:14 --> 01:32:17 | you said it out loud, yes, because you're saying it when you talk about it, |
| 1056 | 01:32:17 --> 01:32:21 | so obvious when you talk about it, when it's happening, I can see it when you |
| 1057 | 01:32:21 --> 01:32:24 | point it out. I just can't point it out when I'm doing it right. You're just |
| 1058 | 01:32:24 --> 01:32:29 | learning it. You expect to be able to go out there right now if I turn that live |
| 1059 | 01:32:29 --> 01:32:31 | stream off, and you're just going to just know how to do it right away, |
| 1060 | 01:32:31 --> 01:32:34 | because you watch me disclose one or two things and one element in the |
| 1061 | 01:32:34 --> 01:32:38 | marketplace now you're suddenly going to know how to do it. Nobody can reasonably |
| 1062 | 01:32:38 --> 01:32:44 | expect to do that. You're placing too much emphasis on being fast. I gotta |
| 1063 | 01:32:44 --> 01:32:47 | learn how to do it right now, because the market's going to stop working next |
| 1064 | 01:32:47 --> 01:32:54 | week, next year. I thought the algorithm was supposed to stop working this year. |
| 1065 | 01:32:54 --> 01:32:58 | Whatever. Get out of here. Get out of here. The batteries don't run dead on |
| 1066 | 01:32:58 --> 01:33:02 | this. Okay? When the markets are dead, then the algorithm won't work anymore. |
| 1067 | 01:33:02 --> 01:33:09 | Okay. But the point is this the very, very first thing you're doing as an |
| 1068 | 01:33:09 --> 01:33:15 | undeveloped, unrefined trader, someone like my son. Caleb, okay, don't be |
| 1069 | 01:33:15 --> 01:33:18 | offended by that, son. It is what it is. I've called you worse things. The idea |
| 1070 | 01:33:18 --> 01:33:25 | is that you're looking for the smooth areas where the price is so obviously |
| 1071 | 01:33:25 --> 01:33:31 | being defended and being presented and being offered. For retail minded Tracy, |
| 1072 | 01:33:31 --> 01:33:36 | I don't look at charts. I absolutely don't look at charts and think of what |
| 1073 | 01:33:36 --> 01:33:43 | retail pattern here I can use to get in sync with a price run. Look at that |
| 1074 | 01:33:43 --> 01:33:47 | beautiful delivery right to that volume of balance there, which is inside, |
| 1075 | 01:33:47 --> 01:33:52 | encapsulated in that city, went right to the high of that. Now, when you're |
| 1076 | 01:33:52 --> 01:33:58 | looking at price, you're looking for the obvious, very, very, very smooth, |
| 1077 | 01:33:58 --> 01:34:03 | relative equal highs or relative equal lows. How do you know which one they're |
| 1078 | 01:34:03 --> 01:34:08 | going to go to? How do they know? I'm sorry, how do you know? How can you |
| 1079 | 01:34:08 --> 01:34:14 | trust? How do you determine which side of the marketplace it's going to reach |
| 1080 | 01:34:14 --> 01:34:18 | for? Because what this is going to do, it gives you the initial building blocks |
| 1081 | 01:34:18 --> 01:34:27 | to understanding bias. Oh, you didn't realize we were going there, did you? |
| 1082 | 01:34:28 --> 01:34:32 | You didn't realize? With all this jaw burning and half of you quit watching |
| 1083 | 01:34:32 --> 01:34:36 | because I was talking about things that wasn't interesting, but they're coming |
| 1084 | 01:34:36 --> 01:34:41 | back to the channel now or later on, they'll say, Damn it, right. It went |
| 1085 | 01:34:41 --> 01:34:44 | right to where he said it was going to go. It did exactly what he said it was |
| 1086 | 01:34:44 --> 01:34:49 | going to do again and again. And it's going to do it tomorrow, and it's going |
| 1087 | 01:34:49 --> 01:34:52 | to do it Wednesday, and it's going to do it Friday, and it's going to do it next |
| 1088 | 01:34:52 --> 01:34:55 | week, and it's going to do it every freaking week that I want to stay out |
| 1089 | 01:34:55 --> 01:34:58 | here and do it live. Okay? That's just the way it works around here. You. |
| 1090 | 01:35:00 --> 01:35:05 | That's the way it is, because I understand what this thing's doing. And |
| 1091 | 01:35:05 --> 01:35:10 | then you want to screenshot that. Okay, so when you're looking at price action, |
| 1092 | 01:35:12 --> 01:35:17 | you want to be able to determine what in this whole scheme of price delivery, |
| 1093 | 01:35:17 --> 01:35:23 | what does it do in terms of resonating with you. Where would you feel |
| 1094 | 01:35:23 --> 01:35:28 | confident? This is the part that a lot of my students skip over. They don't do |
| 1095 | 01:35:28 --> 01:35:33 | any work with this part of it. They ignore it. They assume that it has no |
| 1096 | 01:35:33 --> 01:35:38 | bearing on them. It doesn't have any basis or placement in them. Okay? |
| 1097 | 01:35:38 --> 01:35:43 | Because they want some kind of gimmicky little 123, get me in the trade. Where's |
| 1098 | 01:35:43 --> 01:35:47 | my stop supposed to be? I only want a one handle stop loss like ICT. I want to |
| 1099 | 01:35:47 --> 01:35:51 | be able to do everything perfect, right from step one. I don't want to have any |
| 1100 | 01:35:51 --> 01:35:56 | adversities. That's not realistic, because you're gonna have a whole lot of |
| 1101 | 01:35:56 --> 01:35:59 | adversities, and you have to invite that. Be comfortable with it, because |
| 1102 | 01:35:59 --> 01:36:02 | that's where it's going to highlight your shortcomings and your |
| 1103 | 01:36:02 --> 01:36:07 | understanding, and it's going to also teach you how to overcome it, because |
| 1104 | 01:36:07 --> 01:36:12 | once you identify what you're having an issue with, wouldn't you want to know |
| 1105 | 01:36:12 --> 01:36:15 | what your problems are in your relationship? Like if you're if you are |
| 1106 | 01:36:15 --> 01:36:21 | married to a new, new spouse, and you genuinely love them, but they haven't |
| 1107 | 01:36:21 --> 01:36:24 | been forthright in telling you what your character flaws are that really get |
| 1108 | 01:36:24 --> 01:36:27 | under their skin because they don't want to offend you, because they don't want |
| 1109 | 01:36:27 --> 01:36:32 | to hurt your feelings. But wouldn't you want them sincerely? Wouldn't you want |
| 1110 | 01:36:32 --> 01:36:38 | them to tell you in a way that doesn't hurt you, that doesn't jar you or make |
| 1111 | 01:36:38 --> 01:36:42 | you feel offended, that you want to go run to the bar and cheat on them you |
| 1112 | 01:36:42 --> 01:36:48 | would love for them to say, Hey, I love you. I sincerely, sincerely care about |
| 1113 | 01:36:48 --> 01:36:53 | you. I want us to be together. And that romance is what you want with the |
| 1114 | 01:36:53 --> 01:36:58 | marketplace. You want the market to open its arms and invite you into an embrace |
| 1115 | 01:36:58 --> 01:37:03 | and feel its bosom against yours, and that tenderness and that love and |
| 1116 | 01:37:03 --> 01:37:07 | acceptance that I've always been waiting for you, and you're finally with me, and |
| 1117 | 01:37:07 --> 01:37:11 | I'm never going to let you go, honey. I'm never going to let you go. See |
| 1118 | 01:37:11 --> 01:37:15 | that's what you want. You want that romance. But really, what this is, this |
| 1119 | 01:37:15 --> 01:37:21 | is a dysfunctional element of family, and what it does is it says, Listen, my |
| 1120 | 01:37:21 --> 01:37:25 | husband's away. Come on over. The bed's open, and you want to go there and romp |
| 1121 | 01:37:25 --> 01:37:30 | around, okay? And find a spouse out of that type of thing. And you wonder why |
| 1122 | 01:37:30 --> 01:37:35 | you end up with a STD or a broken home. That's the way it works. But see, you |
| 1123 | 01:37:35 --> 01:37:42 | think it's a love story, it's a romance. It's not it's a toxic relationship, and |
| 1124 | 01:37:42 --> 01:37:48 | one person in this relationship has to be able to be reasonable, and at some |
| 1125 | 01:37:48 --> 01:37:52 | point the person that's reasonable has to say, You know what? This isn't |
| 1126 | 01:37:52 --> 01:37:57 | healthy for me anymore. So that means I have to turn the charts off. I need to |
| 1127 | 01:37:57 --> 01:37:59 | stop following this market on this time frame right now, because it's not |
| 1128 | 01:37:59 --> 01:38:08 | healthy. But you can't arrive at that until you do rule based ideas, and you |
| 1129 | 01:38:08 --> 01:38:15 | break things down modularly, very simplistic. Nothing I did today. Nothing |
| 1130 | 01:38:15 --> 01:38:21 | is complex. I outlined every single thing. Go back and watch the live stream |
| 1131 | 01:38:22 --> 01:38:27 | every single thing was in advance and shown to you on a one minute chart. This |
| 1132 | 01:38:27 --> 01:38:31 | would be further amplified if I was showing it to you on a 15 second chart. |
| 1133 | 01:38:32 --> 01:38:37 | If you have the capabilities, I'm not saying you have to, but if you have the |
| 1134 | 01:38:37 --> 01:38:41 | ability to look at a 15 second chart study every level I've outlined here, |
| 1135 | 01:38:41 --> 01:38:46 | and the logic of why it was going to draw up into that 17,008 20.75 level. I |
| 1136 | 01:38:46 --> 01:38:52 | gave you the bias before we really essentially started today. I explained |
| 1137 | 01:38:52 --> 01:39:00 | to you in very, very bland commentary, almost boring, really, it didn't seem |
| 1138 | 01:39:00 --> 01:39:04 | scientific. I used analogies that I thought were very simplistic. You know, |
| 1139 | 01:39:04 --> 01:39:10 | when we're looking at areas that are very smooth, contrast this area up here, |
| 1140 | 01:39:10 --> 01:39:13 | how that was very, very smooth. And these, remember, these levels over here, |
| 1141 | 01:39:13 --> 01:39:19 | told you this one. In addition, if you weren't looking at that, that's the |
| 1142 | 01:39:19 --> 01:39:24 | benefit of looking at three time frames, because, if you can frame an idea of why |
| 1143 | 01:39:24 --> 01:39:30 | the market's likely to draw to a high or a low or inefficiency that is completely |
| 1144 | 01:39:30 --> 01:39:35 | visible on three time frames, that it means you have three time frames telling |
| 1145 | 01:39:35 --> 01:39:41 | you, Hey, pay attention to me. And if that time frame, or those time frames |
| 1146 | 01:39:41 --> 01:39:46 | are in agreement with a relative equal high or a inefficiency above the |
| 1147 | 01:39:46 --> 01:39:50 | marketplace. That means, like something like this right here, or this right |
| 1148 | 01:39:50 --> 01:39:59 | here, or this right here. They're all stepping stones. Notice that they're all |
| 1149 | 01:39:59 --> 01:40:05 | stepping stones. Inside the context in your under all, I'm sorry, overall |
| 1150 | 01:40:05 --> 01:40:09 | narrative that the market was going to go here when I first started the live |
| 1151 | 01:40:09 --> 01:40:17 | session, what? What's the first line I dropped on the chart. This one, it was |
| 1152 | 01:40:17 --> 01:40:25 | based on these two highs here. That's all it was. Why did I pick this this |
| 1153 | 01:40:25 --> 01:40:29 | high? Yes, you got my question. Finally, I've been sitting here the whole time |
| 1154 | 01:40:29 --> 01:40:33 | you're talking. Why'd you pick that high? What's the first thing I told you |
| 1155 | 01:40:34 --> 01:40:40 | the algorithm is going to go based on time? I don't care what Mickey Mouse |
| 1156 | 01:40:40 --> 01:40:46 | pattern, with Mickey Mouse logic, some Romper Room theory that just got pulled |
| 1157 | 01:40:46 --> 01:40:51 | out of somebody's backside because they want to sell some attention for clicks |
| 1158 | 01:40:51 --> 01:40:59 | and views and mentorships, unless it stems on the basis of time. First, it |
| 1159 | 01:40:59 --> 01:41:04 | has to be the right time. If it's not the right time of day, it is absolutely |
| 1160 | 01:41:04 --> 01:41:09 | not going to work period. End of story. Put anybody as a mentor, anybody as the |
| 1161 | 01:41:09 --> 01:41:14 | trader. I don't give up. Shouldn't have said that. |
| 1162 | 01:41:15 --> 01:41:21 | I tried real hard. I always got through it. I almost got through it. Put anybody |
| 1163 | 01:41:21 --> 01:41:26 | you want in that list, whatever they trade, however they trade, it does not |
| 1164 | 01:41:26 --> 01:41:32 | work. It will fail. Stick with it long enough, you'll see it will fail more |
| 1165 | 01:41:32 --> 01:41:38 | times than it'll work. But why and how is it that every single time I'm sitting |
| 1166 | 01:41:38 --> 01:41:41 | down with you, whether it be on the Twitter space where I was calling out |
| 1167 | 01:41:41 --> 01:41:45 | the candlesticks individually before they happened, or on a live stream where |
| 1168 | 01:41:45 --> 01:41:50 | giving you the logic, explaining to you why it should do it okay, and then it |
| 1169 | 01:41:50 --> 01:41:58 | just simply does it. How's that possible? No ego. Seriously, let's, |
| 1170 | 01:41:58 --> 01:42:02 | let's put aside. I try. I'm not trying to beat my chest here. I really want |
| 1171 | 01:42:02 --> 01:42:05 | you, especially if you're a first time viewer here, or maybe you come back. |
| 1172 | 01:42:05 --> 01:42:08 | This is your second time watching a live stream, because You expected me to do |
| 1173 | 01:42:08 --> 01:42:17 | something silly today. How is it, how is it that the market does exactly what I'm |
| 1174 | 01:42:17 --> 01:42:23 | saying, it's going to do you ever think about that. How is it possible that this |
| 1175 | 01:42:23 --> 01:42:31 | one single person can get it right so often, in front of 1000s of people, when |
| 1176 | 01:42:31 --> 01:42:35 | many of them are hoping and praying, please, please, God, let him get it |
| 1177 | 01:42:35 --> 01:42:38 | right. I gotta go on Twitter and brag about how you messed up today. I gotta |
| 1178 | 01:42:38 --> 01:42:46 | make a video exposing ICT. I need grocery bill money. You're so fun to |
| 1179 | 01:42:46 --> 01:42:52 | manipulate all you haters. But seven o'clock is a very key time that starts. |
| 1180 | 01:42:52 --> 01:42:57 | What the morning session? It matters not that we're trading a Forex or futures. |
| 1181 | 01:42:58 --> 01:43:02 | The morning session am session starts at seven o'clock in the morning New York |
| 1182 | 01:43:02 --> 01:43:08 | local time. York local time. Okay? So you can have a model that says, I can't |
| 1183 | 01:43:08 --> 01:43:12 | be in front of the charts between eight o'clock and 830 and maybe you can trade |
| 1184 | 01:43:12 --> 01:43:17 | a 930 opening bell for indices because you have to get ready for work. Okay, |
| 1185 | 01:43:17 --> 01:43:21 | but it just so happens that the time elements in your personal life and |
| 1186 | 01:43:21 --> 01:43:24 | geographically location in the world that it allows you and affords you to |
| 1187 | 01:43:24 --> 01:43:30 | look at the mark between seven o'clock and say, 745 worst case scenario, 730 if |
| 1188 | 01:43:30 --> 01:43:34 | you're going to work with smaller time frames, you absolutely can use seven |
| 1189 | 01:43:34 --> 01:43:42 | o'clock to 730 as a model to do this Very exercise, same thing. So your key |
| 1190 | 01:43:42 --> 01:43:49 | times are this, seven o'clock in the morning to 730 in that 30 minute window, |
| 1191 | 01:43:49 --> 01:43:54 | you're going to look for relative equal highs and relative equal lows that have |
| 1192 | 01:43:54 --> 01:43:59 | happened prior to seven o'clock. Okay, and you're going to be looking through |
| 1193 | 01:43:59 --> 01:44:03 | the time frames of the one minute chart, the five minute chart in the 15 minute |
| 1194 | 01:44:03 --> 01:44:09 | time now, Caleb, you're not expected to do anything else beyond that until I |
| 1195 | 01:44:09 --> 01:44:14 | change the depth of what your focus should be. Right. Now, you're just |
| 1196 | 01:44:14 --> 01:44:19 | having three charts up. Since the 15 minute time frame is pretty, pretty |
| 1197 | 01:44:19 --> 01:44:23 | static, you only need to refer to it once in the morning. And then your |
| 1198 | 01:44:23 --> 01:44:26 | second chart could be the five minute chart. We'll go back. Watch what it is |
| 1199 | 01:44:26 --> 01:44:31 | right now five minute chart. But then what you're doing is, is you're watching |
| 1200 | 01:44:31 --> 01:44:38 | between seven o'clock and 730 or eight o'clock to 830 or nine to 930 opening |
| 1201 | 01:44:38 --> 01:44:48 | bell. You're looking for where is the market? Smooth? Smooth? Because still |
| 1202 | 01:44:48 --> 01:44:56 | waters invite rocks. Think about that. Remember being a kid walking and you see |
| 1203 | 01:44:56 --> 01:44:59 | a pond. It's real smooth. Wow. Look at that. It was like a mirror. You can see |
| 1204 | 01:44:59 --> 01:45:03 | the sky. Reflection off of it so smooth. What's the first thing you jump to your |
| 1205 | 01:45:03 --> 01:45:09 | head? I need a rock for what? Because you can't accept that. Our sinful nature |
| 1206 | 01:45:09 --> 01:45:12 | says we have to disrupt that. So you pick up a rock and you want to throw it |
| 1207 | 01:45:12 --> 01:45:16 | out there. Why? What's it going to do? It's going to cause ripples. That's |
| 1208 | 01:45:16 --> 01:45:20 | exactly why a weak character, individual in a relationship, will have a beautiful |
| 1209 | 01:45:20 --> 01:45:26 | relationship, a wonderful relationship, something smooth, ain't no drama, no |
| 1210 | 01:45:26 --> 01:45:31 | reason for ruckus. And what they gotta do, they go out there and they chase |
| 1211 | 01:45:31 --> 01:45:37 | some thought to go to the bar and pick up some floozy or some silver tongued |
| 1212 | 01:45:38 --> 01:45:45 | Fox. It says all the right things for her, and you invite that disruption. |
| 1213 | 01:45:45 --> 01:45:50 | Well, that's what the market does, folks. It's a dysfunctional family |
| 1214 | 01:45:50 --> 01:45:57 | environment, and you have to be the one that says, Not today, Satan, not today, |
| 1215 | 01:45:58 --> 01:46:03 | not today. I know your tricks, I know your snares. I know how you're going to |
| 1216 | 01:46:03 --> 01:46:10 | do it. Okay, so what's the market going to do? Every single session? In the |
| 1217 | 01:46:10 --> 01:46:14 | morning, you have three opportunities, and you don't have to trade. In the |
| 1218 | 01:46:14 --> 01:46:17 | afternoon, you don't have to trade the london session, you have three |
| 1219 | 01:46:17 --> 01:46:23 | opportunities in the morning to set the stage for a run that will build if you |
| 1220 | 01:46:23 --> 01:46:27 | don't have any understanding about bias, okay, if you don't know what direction |
| 1221 | 01:46:27 --> 01:46:32 | the market's going to move in, when I go into other people's live streams, and I |
| 1222 | 01:46:32 --> 01:46:36 | say note this, note that, here's the secret I just gave to you, what I do |
| 1223 | 01:46:36 --> 01:46:41 | every single time I go into Tanja trades, when Patrick Whelan had balls |
| 1224 | 01:46:41 --> 01:46:45 | and let me into his live streams and chat, he won't do that now, because he's |
| 1225 | 01:46:45 --> 01:46:50 | going to be paying me $500,000 this year. The whole business of anyone else |
| 1226 | 01:46:50 --> 01:46:54 | I talked to trades by Matt for like a month. I told him what I was going to |
| 1227 | 01:46:54 --> 01:46:57 | do, what I was looking for, in private text, and he can show I gave him |
| 1228 | 01:46:57 --> 01:47:03 | permission. He can show you what I was expecting. And he watched me do this for |
| 1229 | 01:47:03 --> 01:47:09 | almost a month, and I got two or three of them wrong, but most of them were |
| 1230 | 01:47:09 --> 01:47:12 | like, bang, bang, bang, bang. And guess what I was doing, folks, what I just |
| 1231 | 01:47:12 --> 01:47:18 | taught you here. Tom hoogard, not as much as I showed with the trades by |
| 1232 | 01:47:18 --> 01:47:23 | Matt, but in certain instances, I showed him, this is what I'm looking for. I |
| 1233 | 01:47:23 --> 01:47:31 | like this level. So it's not like, I'm not afraid to share this. I put what I |
| 1234 | 01:47:31 --> 01:47:34 | think is going to happen in the witness of other people, and they can come out |
| 1235 | 01:47:34 --> 01:47:38 | and say, Yeah, this guy, don't somebody he's talking about. And they're not |
| 1236 | 01:47:38 --> 01:47:42 | telling you that. Are they? I'm inviting them to prove the world that I didn't do |
| 1237 | 01:47:42 --> 01:47:50 | that I like certain people in this industry, and the ones I like, I |
| 1238 | 01:47:50 --> 01:47:55 | converse with, I share and I engage with. And when I go into other people's |
| 1239 | 01:47:55 --> 01:47:58 | live streams and I'm helping promote them, sometimes I'll go out and I'll |
| 1240 | 01:47:58 --> 01:48:02 | point to something and I'll say, watch this level. When I was on Twitter, watch |
| 1241 | 01:48:02 --> 01:48:07 | note this level. I was doing this in my private mentorship. Never learned this. |
| 1242 | 01:48:08 --> 01:48:13 | I never sat down with them, never told them that this is a secret weapon. It's |
| 1243 | 01:48:13 --> 01:48:20 | a it's a bazooka. When a BB gun is necessary, when all you need is a match. |
| 1244 | 01:48:20 --> 01:48:28 | This is a flame flower. It's, it's, it's the thing that makes every playing |
| 1245 | 01:48:28 --> 01:48:33 | field, even they cannot hide it from you. They cannot hide it from you. |
| 1246 | 01:48:33 --> 01:48:37 | You're never not going to be able to see it. It's always there. And In plain |
| 1247 | 01:48:37 --> 01:48:43 | terms, it's this, if you can contrast one side of the marketplace against |
| 1248 | 01:48:43 --> 01:48:47 | another. Let me. Let me do this in this little area down here, okay, in this |
| 1249 | 01:48:47 --> 01:48:50 | small, little open section, I'm going to say this and I'm going to close it |
| 1250 | 01:48:50 --> 01:48:55 | because I have somewhere to be with my wife, and I'm about 20 minutes. I hope |
| 1251 | 01:48:55 --> 01:48:58 | you haven't if you take this moment for right now, |
| 1252 | 01:48:59 --> 01:49:03 | if you learn something today, and if you didn't learn something, you're a |
| 1253 | 01:49:03 --> 01:49:08 | freaking liar, okay, but if you honestly was with me this entire session, and you |
| 1254 | 01:49:08 --> 01:49:12 | watched me outline this, and I told you why it was going to go here, what levels |
| 1255 | 01:49:12 --> 01:49:17 | were key, what to focus on, and you watched it pan out, and you understood, |
| 1256 | 01:49:17 --> 01:49:20 | and you understand now, and if you don't, I'm going to get clear for You. |
| 1257 | 01:49:21 --> 01:49:25 | Give that a thumbs up, because I take that as I appreciate you spending time |
| 1258 | 01:49:25 --> 01:49:28 | with us. ICT, I don't need to be doing this. I can do this privately with |
| 1259 | 01:49:28 --> 01:49:32 | Caleb. I don't I can tell Caleb. I understand that you want to make a |
| 1260 | 01:49:32 --> 01:49:35 | YouTube channel. I understand that that could make you a little bit of scratch |
| 1261 | 01:49:35 --> 01:49:39 | and money. I understand that. But no, I don't want these people to know this. I |
| 1262 | 01:49:39 --> 01:49:43 | could do that, and I don't feel bad telling you that openly, because I've |
| 1263 | 01:49:43 --> 01:49:48 | done a lot of that stuff that I don't want to share certain things because |
| 1264 | 01:49:48 --> 01:49:52 | it's too good, because 20 year old kids go out there and pretend they didn't |
| 1265 | 01:49:52 --> 01:49:55 | learn it from me, and they found it on their own, and they relabel it so they |
| 1266 | 01:49:55 --> 01:49:59 | can make a name for themselves. And then eventually people find out about and |
| 1267 | 01:49:59 --> 01:50:02 | then they expose. Minutes, you're nothing more than just an ICT ripoff, |
| 1268 | 01:50:03 --> 01:50:06 | and you can spare yourself all that stuff just by being honest and say, You |
| 1269 | 01:50:06 --> 01:50:09 | know what? Thank you, ICT for sharing this. I'm going to make it mine, and |
| 1270 | 01:50:09 --> 01:50:13 | this is how I use it. I got no I got no problem with that. I got students out |
| 1271 | 01:50:13 --> 01:50:18 | there doing mentorships now, okay, it's their business. It's not mine. They're |
| 1272 | 01:50:18 --> 01:50:22 | not hiding where they learn it from. And that's all I've asked for. This is, hey, |
| 1273 | 01:50:22 --> 01:50:26 | just, just remember who fed you. That's it. I'm not doing paid mentorships. I |
| 1274 | 01:50:26 --> 01:50:30 | could be out here teaching this kind of stuff and more for millions of dollars a |
| 1275 | 01:50:30 --> 01:50:35 | month, all over again. Folks, I don't want it. I don't want it. And if it |
| 1276 | 01:50:35 --> 01:50:38 | wasn't for my son tapping me, saying, Hey, Dad, give me another chance to do |
| 1277 | 01:50:38 --> 01:50:42 | this. I want to learn it. I wouldn't be doing this. Have you been seeing any |
| 1278 | 01:50:42 --> 01:50:47 | videos? No, I'm not worried about it. But since he wants to, I'm going to pour |
| 1279 | 01:50:47 --> 01:50:53 | myself into it. I'm going to pour everything I have into this. And I'm not |
| 1280 | 01:50:53 --> 01:50:57 | fully back to myself. I'm not doing well, like I I've been experiencing |
| 1281 | 01:50:57 --> 01:51:00 | vertigo, I've had high blood pressure, I've had chest pains. I went rushed to |
| 1282 | 01:51:00 --> 01:51:04 | their hospital like I had a lot of stuff going on, and I'm not stressed about |
| 1283 | 01:51:04 --> 01:51:07 | nothing. It's just my body's going through something, and I don't know what |
| 1284 | 01:51:07 --> 01:51:11 | it is. And I don't not know how to trade. I know exactly how to trade. I |
| 1285 | 01:51:11 --> 01:51:14 | know exactly what these markets going to do any given day, even on sloppy, seek |
| 1286 | 01:51:14 --> 01:51:18 | and destroy days. In fact, I'm going to wait until we have one, and I'm going to |
| 1287 | 01:51:18 --> 01:51:22 | show you me executing in one of them. I am not fearful of any of these market |
| 1288 | 01:51:22 --> 01:51:26 | profiles. I'm not fearful of my stuff falling out of style, because there is |
| 1289 | 01:51:26 --> 01:51:31 | no style. This is the market. This is the source code. But when you set up a |
| 1290 | 01:51:31 --> 01:51:34 | framework of whatever you're going to study in the morning, if you're going to |
| 1291 | 01:51:34 --> 01:51:37 | trade the morning session, your key times, you have to absolutely be in |
| 1292 | 01:51:37 --> 01:51:41 | front of the charts between seven o'clock and 730 in the morning, always |
| 1293 | 01:51:41 --> 01:51:46 | New York local time. Okay, if you can be in front of the charts by seven o'clock, |
| 1294 | 01:51:46 --> 01:51:48 | this is what you're doing. But if you can't, you do the same thing at eight |
| 1295 | 01:51:48 --> 01:51:56 | o'clock to 830 the same thing at nine to 930 okay, this is your pre market range. |
| 1296 | 01:51:56 --> 01:51:59 | Write that down, because if you don't write it down, you're going to forget. |
| 1297 | 01:51:59 --> 01:52:02 | You're going to call it the opening range. It's not the opening range. The |
| 1298 | 01:52:02 --> 01:52:07 | opening range is the first 30 minutes after the opening bell at the New York |
| 1299 | 01:52:07 --> 01:52:15 | session, the first 30 minutes after seven o'clock to 730 that is your pre |
| 1300 | 01:52:15 --> 01:52:22 | market range. 730 to eight o'clock is your opening range. Oh, remember, I was |
| 1301 | 01:52:22 --> 01:52:26 | telling you I could trade every single hourly candle. Now you're starting to |
| 1302 | 01:52:26 --> 01:52:32 | think you're just returning. Aren't they fun, isn't it? And obviously the nine to |
| 1303 | 01:52:32 --> 01:52:37 | 930 that's your pre market range, and then post 930 to 10 o'clock, that's your |
| 1304 | 01:52:37 --> 01:52:41 | opening range. There is no 15 minute opening range. I don't care what anybody |
| 1305 | 01:52:41 --> 01:52:45 | tells you. Okay, it's a 30 minute opening range. That's algorithmic. Okay, |
| 1306 | 01:52:46 --> 01:52:49 | so what you're doing and this, this little range here that's being shown |
| 1307 | 01:52:49 --> 01:52:52 | here with this rectangle. What I'm saying is, is this is essentially that |
| 1308 | 01:52:53 --> 01:52:56 | 30 minute interval, whether it be seven o'clock to 730, or eight o'clock to 830, |
| 1309 | 01:52:57 --> 01:53:02 | or nine to 930, that pre market range. In that range, what you're doing is |
| 1310 | 01:53:02 --> 01:53:05 | you're looking at this, this line, or beginning of that shaded area with |
| 1311 | 01:53:05 --> 01:53:12 | delineate the seven o'clock, or the eight o'clock or the nine o'clock, where |
| 1312 | 01:53:12 --> 01:53:17 | it begins at that specific top of the hour. And then this would be the range |
| 1313 | 01:53:17 --> 01:53:20 | that makes up that first 30 minutes. Now it's not obviously to scale, but I'm |
| 1314 | 01:53:20 --> 01:53:23 | oversimplifying it for the for the purposes of teaching what I'm saying |
| 1315 | 01:53:24 --> 01:53:32 | prior to that range, anything before or to the left of this, you're looking for |
| 1316 | 01:53:32 --> 01:53:40 | equal highs or equal lows. Which side has it? Because that's your bias. It's |
| 1317 | 01:53:40 --> 01:53:48 | going to draw to that. How do you know if you have both? Because I heard you, |
| 1318 | 01:53:48 --> 01:53:51 | you're thinking it. But what happens if you have a relative equal high here and |
| 1319 | 01:53:51 --> 01:53:54 | a relative equal low here? Which one I'm going to go for you wait for the first |
| 1320 | 01:53:54 --> 01:53:59 | one to get disrupted, because once that happens, then you work to the other one. |
| 1321 | 01:53:59 --> 01:54:03 | That's That's your bias. So you have to defer and wait. Now, gamblers or live |
| 1322 | 01:54:03 --> 01:54:07 | streamers that just want to have people watching them doing anything and not |
| 1323 | 01:54:07 --> 01:54:10 | really executing on stream, but after trade starts moving in their favor, then |
| 1324 | 01:54:10 --> 01:54:15 | they'll show I took a trade here. What good is that? What good is that that |
| 1325 | 01:54:15 --> 01:54:18 | just proves you're not confident in what you're doing, and you're going to show |
| 1326 | 01:54:18 --> 01:54:22 | it after smoothing your favor, talk about it, explain it, and then do it. |
| 1327 | 01:54:22 --> 01:54:29 | I'm going to do that. But today I gave you a clinic on how to determine bias, |
| 1328 | 01:54:29 --> 01:54:34 | how it's easy for me and it's easy for you, whichever one has the relative |
| 1329 | 01:54:34 --> 01:54:37 | equal highs or relative equal lows, that's a smooth area. It will be |
| 1330 | 01:54:37 --> 01:54:42 | disrupted anywhere where you see jagged edges, like this down here. See how it |
| 1331 | 01:54:42 --> 01:54:47 | went jagged and then ripped higher. What's it telling you? What's it telling |
| 1332 | 01:54:47 --> 01:54:53 | you? I'm going to look for buy side liquidity, buy stops. This has been a |
| 1333 | 01:54:53 --> 01:54:57 | trap. They engage traders to go short. They're they're trapped short on a |
| 1334 | 01:54:57 --> 01:55:04 | breakout. Or you. They're not trying to take the shorts out of the market yet, |
| 1335 | 01:55:04 --> 01:55:10 | and that's why you see all this creeping up. This is all balanced. That's why |
| 1336 | 01:55:10 --> 01:55:14 | this spike stopped right at the top of the breaker here. Isn't it interesting? |
| 1337 | 01:55:14 --> 01:55:19 | Isn't that interesting? I've been talking non stop. No chance for me to |
| 1338 | 01:55:19 --> 01:55:25 | have another ad over, voice over. It's all live. You watch me do it live. I |
| 1339 | 01:55:25 --> 01:55:31 | explained the logic. And now here's the wonderful thing, you have the privilege |
| 1340 | 01:55:33 --> 01:55:37 | to go back to your charts and back test this, and your jaw is going to drop. |
| 1341 | 01:55:37 --> 01:55:42 | You're going to be thinking, it's always been there, but I've been looking for |
| 1342 | 01:55:42 --> 01:55:46 | this stupid ass harmonic pattern. I've been waiting for my yin and yang to |
| 1343 | 01:55:46 --> 01:55:50 | appear on my chart. I've been waiting for my moving averages crossing over. |
| 1344 | 01:55:51 --> 01:55:56 | But my out, my Lux algo indicator, said this, and then said that, and I got |
| 1345 | 01:55:56 --> 01:56:00 | tripped up. I thought it was going to do no bullshit, bullshit. It's all |
| 1346 | 01:56:00 --> 01:56:05 | bullshit. There's nothing complicated about what I said in any of the |
| 1347 | 01:56:05 --> 01:56:10 | mentorship videos. They're just very deep, dry lessons that give you the why. |
| 1348 | 01:56:11 --> 01:56:14 | Because I'm a person that's highly technical. I want to know why it's going |
| 1349 | 01:56:14 --> 01:56:18 | to do it. Don't tell me something and then do it 10 times and be right 10 |
| 1350 | 01:56:18 --> 01:56:23 | times. And that's not going to me of anything, I need to know why it's doing |
| 1351 | 01:56:23 --> 01:56:28 | it. And if you don't think critically about that, you're a gambler. You |
| 1352 | 01:56:28 --> 01:56:33 | absolutely are a gambler. I need to understand before I put money behind it. |
| 1353 | 01:56:33 --> 01:56:38 | I need to know, why is this market going to do this? Then at that time, why |
| 1354 | 01:56:38 --> 01:56:42 | should it behave that way? And folks, you can't get any plainer or simpler |
| 1355 | 01:56:42 --> 01:56:45 | than just simply saying, okay, where it's smooth. Now you're going to say, |
| 1356 | 01:56:45 --> 01:56:49 | well, this isn't new. ICT you talked about relative equal highs and lows |
| 1357 | 01:56:49 --> 01:56:55 | before, right? And I taught that you should be aiming for them. But you |
| 1358 | 01:56:55 --> 01:57:00 | haven't been trading like that. You've been doing other stuff and then cussing |
| 1359 | 01:57:00 --> 01:57:04 | me behind my back, saying this stuff doesn't work. This guy's a fraud. We |
| 1360 | 01:57:04 --> 01:57:09 | don't see his name on leaderboard. He's a fraud. I'm out here in front of your |
| 1361 | 01:57:09 --> 01:57:12 | life telling you what's going to happen. You think I can't do that in the Robin's |
| 1362 | 01:57:14 --> 01:57:22 | cup. You think, come on, you guys are gullible, man. You're so easy. You're so |
| 1363 | 01:57:22 --> 01:57:30 | easy. I love it. I absolutely love it. But anyway, the market trades down to |
| 1364 | 01:57:30 --> 01:57:34 | the bullish breaker that I absolutely identify before it hits it, and then |
| 1365 | 01:57:34 --> 01:57:37 | goes to the relative equal highs I told you to focus on. And then I gave you |
| 1366 | 01:57:37 --> 01:57:41 | this one here, and I told you this imbalances prior to these relative equal |
| 1367 | 01:57:41 --> 01:57:45 | highs being taken. But this was where we were focused on and look where we're |
| 1368 | 01:57:45 --> 01:57:53 | trading at, see that now in closing, because I really do have to close now, |
| 1369 | 01:57:56 --> 01:57:59 | in this price run, and we're not going to use all of this, this is |
| 1370 | 01:57:59 --> 01:58:06 | capitulation. Now it's getting real excited if we have this segment of price |
| 1371 | 01:58:06 --> 01:58:15 | action, okay, if I'm identifying this area up here, okay, more specifically, |
| 1372 | 01:58:15 --> 01:58:19 | let's be honest, because this is the one I drew your attention to first. So we'll |
| 1373 | 01:58:19 --> 01:58:22 | stick with that one, even though that that other one was later mentioned, even |
| 1374 | 01:58:22 --> 01:58:26 | before it got treated to that high rate there. Did |
| 1375 | 01:58:28 --> 01:58:32 | you get the video thumbs up? By the way, did you take a take a second of your |
| 1376 | 01:58:32 --> 01:58:37 | time to press that up thumb icon on YouTube? That's free. I didn't charge |
| 1377 | 01:58:37 --> 01:58:41 | anything for it, because that really is a way for you to communicate to me that |
| 1378 | 01:58:41 --> 01:58:44 | you had fun today, that you really did leave and learn something, and now you |
| 1379 | 01:58:44 --> 01:58:47 | have something that's tangible, that you go back and look at every single day in |
| 1380 | 01:58:47 --> 01:58:50 | the past and journaling, because you should be doing that every single day. |
| 1381 | 01:58:50 --> 01:58:54 | You break down the chart starting at seven o'clock in the morning, have seven |
| 1382 | 01:58:54 --> 01:59:00 | o'clock in the morning all the way to say 11 o'clock. Okay, so it's four |
| 1383 | 01:59:00 --> 01:59:03 | hours, and you want to have your 15 minute time frame, your five minute time |
| 1384 | 01:59:03 --> 01:59:07 | frame and your one minute time frame charts and annotate. It may require you |
| 1385 | 01:59:07 --> 01:59:10 | to have multiple charts from that individual one minute chart where you're |
| 1386 | 01:59:10 --> 01:59:13 | zoomed in and you're annotating something specific that are very salient |
| 1387 | 01:59:13 --> 01:59:20 | to you, because most of you may not have trusted this as a bullish breaker. You |
| 1388 | 01:59:20 --> 01:59:23 | mean you saw this drop in here, you're hoping, and some of you are probably |
| 1389 | 01:59:23 --> 01:59:26 | tickled your asshole was pucker and thinking he's getting screwed. In in |
| 1390 | 01:59:26 --> 01:59:30 | front of all this, I love it. I love it. I love it. Oh, you're drilling. And then |
| 1391 | 01:59:30 --> 01:59:35 | what happens? It rips your face off. And then I'm right again. I know, I know I |
| 1392 | 01:59:35 --> 01:59:39 | can have a lot of fun with that, but I'm not, because I'm here to try to teach my |
| 1393 | 01:59:39 --> 01:59:44 | son, and you're here to learn. If you go back through all of this price, run |
| 1394 | 01:59:44 --> 01:59:50 | here, okay, what you're going to do is you're going to focus on the points that |
| 1395 | 01:59:50 --> 01:59:55 | make the most obvious sense to you that you could see. And it says, You know |
| 1396 | 01:59:55 --> 02:00:00 | what? I understand this, even though ICT pointed out this breaker. You may have |
| 1397 | 02:00:00 --> 02:00:05 | noticed it. Maybe you didn't. If you didn't, that's not your PD array. If you |
| 1398 | 02:00:05 --> 02:00:10 | noticed that it traded down into this fair value gap right there inside of |
| 1399 | 02:00:10 --> 02:00:17 | this old city, which is essentially where that midpoint between where we |
| 1400 | 02:00:17 --> 02:00:21 | expect price to trade to, which is above these highs and where it traded from, |
| 1401 | 02:00:23 --> 02:00:29 | see that. So if we see where it's likely to go and where it went from, where it |
| 1402 | 02:00:29 --> 02:00:33 | originated from, where's the midpoint? Well, let's do a simple measurement. |
| 1403 | 02:00:33 --> 02:00:37 | Here's your fib, and we're going to say something above these relative equal |
| 1404 | 02:00:37 --> 02:00:40 | highs. We'll just randomly pick an area right there. Okay, I'm just being very |
| 1405 | 02:00:40 --> 02:00:44 | bland. There's no real reason I'm picking that price. It's just simply |
| 1406 | 02:00:44 --> 02:00:48 | slightly above the relative equal highs. There's no other logic simply that. |
| 1407 | 02:00:48 --> 02:00:51 | Okay, so I'm not trying to complicate anything. But if you take that and you |
| 1408 | 02:00:51 --> 02:00:56 | go down to the lows that are relatively equal, not the lowest low, that's the |
| 1409 | 02:00:56 --> 02:00:59 | manipulation you want to use, the relative equal lows like that. Okay, you |
| 1410 | 02:00:59 --> 02:01:04 | see that, and then you have essentially the midpoint here in close proximity to |
| 1411 | 02:01:04 --> 02:01:13 | that. You have this fair Vega, and you have this fair Vega, and this one here |
| 1412 | 02:01:13 --> 02:01:17 | can be used even though it's a little bit above equilibrium, because we didn't |
| 1413 | 02:01:17 --> 02:01:21 | take this high and that high out, which I was outlining to you real time. We |
| 1414 | 02:01:21 --> 02:01:25 | didn't take that out yet. We didn't take out these two relative equal highs when |
| 1415 | 02:01:25 --> 02:01:29 | it was trading down to the breaker. But what happens when it trades up here and |
| 1416 | 02:01:29 --> 02:01:34 | then at real time? I said, Watch this fair value gap. Watch the stream. Go |
| 1417 | 02:01:34 --> 02:01:37 | back and watch the stream when we were trading right there. I said, What? And |
| 1418 | 02:01:37 --> 02:01:43 | here we over trading this fair value gap here, and then takes off and runs to |
| 1419 | 02:01:43 --> 02:01:49 | where we are waiting to see it delivered. The smooth areas are going to |
| 1420 | 02:01:49 --> 02:01:55 | be attacked. The sharks are going to go to the still water. That's where they're |
| 1421 | 02:01:55 --> 02:02:00 | going to go. Why? Because as soon as someone in there starts shaking in fear |
| 1422 | 02:02:00 --> 02:02:05 | that their stops going to be taken, that still water will ripple, and that |
| 1423 | 02:02:05 --> 02:02:11 | triggers a frenzy, and the sharks are going to go right there. You don't trade |
| 1424 | 02:02:11 --> 02:02:15 | into levels where the sharks have already had a frenzy, and that's down |
| 1425 | 02:02:15 --> 02:02:20 | here. Okay, they've already done the work. There's been an attack down here. |
| 1426 | 02:02:20 --> 02:02:24 | How do you know there's been the great disturbance in in what price was doing |
| 1427 | 02:02:24 --> 02:02:29 | and how it's delivered? It's jagged like shark teeth cutting through the side of |
| 1428 | 02:02:29 --> 02:02:35 | a whale's body. It's been damaged delivered. You can see it. It's |
| 1429 | 02:02:35 --> 02:02:41 | physically represented in the jaggedness of the swings going down, where we don't |
| 1430 | 02:02:41 --> 02:02:46 | see that jaggedness up here. It's nice and smooth, real, inviting. It's safe. |
| 1431 | 02:02:46 --> 02:02:50 | Put your stop loss above me like a siren calling out to the sailors, come to me. |
| 1432 | 02:02:50 --> 02:02:56 | Come to me. And he crashes them on the rocks. I know Mr. Analogy. I don't know |
| 1433 | 02:02:56 --> 02:03:01 | where it comes from. It's a gift, but you have to go through all of this price |
| 1434 | 02:03:01 --> 02:03:07 | action in here and determine what price level makes sense to you. Which one |
| 1435 | 02:03:07 --> 02:03:12 | resonates with you? Do you see the fair value gaps where I was outlining before |
| 1436 | 02:03:12 --> 02:03:18 | I did it? Did it make sense when I was drawing them out? Did you change your |
| 1437 | 02:03:18 --> 02:03:23 | expectation and get fearful that I'm wrong and it's not going to go up there, |
| 1438 | 02:03:23 --> 02:03:28 | because it that this drop here. What's occurring here? The only thing it's |
| 1439 | 02:03:28 --> 02:03:32 | doing is at 930 during the opening range, it's doing what it's creating a |
| 1440 | 02:03:32 --> 02:03:37 | Judah swing, something that's opposite to the real move. The real move was |
| 1441 | 02:03:37 --> 02:03:43 | given to you with these highs. It's going to go there at any time. Did you |
| 1442 | 02:03:43 --> 02:03:46 | hear me sound nervous in front of all of you? I don't know how many people were |
| 1443 | 02:03:46 --> 02:03:50 | watching. I think it was like 6000 earlier, the first time I checked the |
| 1444 | 02:03:50 --> 02:03:56 | streams continuity, but I haven't seen I don't know what the highest high was in |
| 1445 | 02:03:56 --> 02:04:00 | terms of how many people are watching. Did I sound like I was nervous? Because |
| 1446 | 02:04:00 --> 02:04:04 | I don't think I was nervous at all today, and I've been really, really |
| 1447 | 02:04:04 --> 02:04:09 | trying not to say any embellishments on the curse words and stuff. But sometimes |
| 1448 | 02:04:09 --> 02:04:14 | it's just it has to find its way out. I'm human. I'm a sinner, and I have to |
| 1449 | 02:04:14 --> 02:04:19 | repent all the time when I do it, I always regret when it slips out. But |
| 1450 | 02:04:19 --> 02:04:24 | that's I'm real, like, I'm a real person, and I have character flaws like |
| 1451 | 02:04:24 --> 02:04:29 | anybody else, but I try very, very hard today not to use that type of language, |
| 1452 | 02:04:29 --> 02:04:34 | but depending on what subject matter I refer to, it will it'll draw it out of |
| 1453 | 02:04:34 --> 02:04:40 | me, and I'm not proud of it. But anyway, we can see how that city becomes an |
| 1454 | 02:04:40 --> 02:04:46 | inversion, fair value gap here, and then it sends price higher, retraces down, |
| 1455 | 02:04:46 --> 02:04:52 | and then you have your second leg redistribution, and then send it to the |
| 1456 | 02:04:53 --> 02:05:00 | smooth area that makes up this market maker buy model. I knew it. I see. Yeah, |
| 1457 | 02:05:01 --> 02:05:07 | that's how it is. So when you're looking for the bias, okay, the easiest, most |
| 1458 | 02:05:07 --> 02:05:12 | scientifically proven, nine out of 10 doctors approved. ICT has nailed it down |
| 1459 | 02:05:12 --> 02:05:18 | to a science of wherever the smooth, equal highs are or smooth relative equal |
| 1460 | 02:05:18 --> 02:05:22 | lows are at the beginning of seven o'clock to 730 or eight o'clock to 830 |
| 1461 | 02:05:22 --> 02:05:28 | or nine to 930 you got three opportunities, three chances. Okay, as |
| 1462 | 02:05:28 --> 02:05:33 | each one of these time windows passes by, so at seven o'clock we formed the |
| 1463 | 02:05:33 --> 02:05:37 | relative equal highs, and then at eight to 830 we didn't go up there yet. So |
| 1464 | 02:05:37 --> 02:05:43 | that means that what nine to 930 chances are that's the run. See how that does |
| 1465 | 02:05:43 --> 02:05:48 | that. It increases the likelihood of it going there. It doesn't diminish it, |
| 1466 | 02:05:48 --> 02:05:53 | because it's building up more trust in that area, right there. So the framework |
| 1467 | 02:05:53 --> 02:05:59 | begins at seven o'clock in the morning. Start looking for relative equal highs |
| 1468 | 02:05:59 --> 02:05:59 | to form, |
| 1469 | 02:06:00 --> 02:06:09 | not before he he takeaway is not before seven o'clock. At seven o'clock, look |
| 1470 | 02:06:09 --> 02:06:14 | for them to form big, big, big, big takeaway there. Okay, if you're looking |
| 1471 | 02:06:14 --> 02:06:17 | for relative equal highs prior to seven o'clock in the morning, you may, you may |
| 1472 | 02:06:17 --> 02:06:24 | get it, but many times you're expecting the london session to be completely |
| 1473 | 02:06:24 --> 02:06:29 | overrid, and it's it's most times not the case. So it kind of like builds in |
| 1474 | 02:06:29 --> 02:06:36 | this filter where you're not trying to demand that the run on London is removed |
| 1475 | 02:06:36 --> 02:06:41 | or or dismissed because of price overload, overlapping it and going back |
| 1476 | 02:06:41 --> 02:06:46 | over top of it, because the general consensus is we could see the higher low |
| 1477 | 02:06:46 --> 02:06:50 | that they form inland. So if it's bearish or bullish relative to a higher |
| 1478 | 02:06:50 --> 02:06:54 | Time Frame draw, which is not necessary, notice, I haven't even used that here |
| 1479 | 02:06:54 --> 02:06:59 | yet. Only thing I used was a 15 minute time frame, a five minute time frame and |
| 1480 | 02:06:59 --> 02:07:04 | a one minute time frame. And I was framing on the basis of time because I |
| 1481 | 02:07:04 --> 02:07:07 | understand my algorithm. I understand what it's going to do. I understand |
| 1482 | 02:07:07 --> 02:07:14 | exactly what these markets are going to do every single day, every single day. |
| 1483 | 02:07:14 --> 02:07:19 | It will not stop, it will not be hidden from you, but it can be disrupted by |
| 1484 | 02:07:19 --> 02:07:25 | manual intervention, and that will always cause me to lose. It will always |
| 1485 | 02:07:25 --> 02:07:31 | cause me to be incorrect, because that's something that we and noone can predict. |
| 1486 | 02:07:31 --> 02:07:36 | It's their casino if they want to come in and, you know, disrupt everything. It |
| 1487 | 02:07:36 --> 02:07:41 | is what it is, and that's the inherent risk that every one of us has to assume |
| 1488 | 02:07:41 --> 02:07:47 | while trading, so that's that should be the number one reason why you should |
| 1489 | 02:07:47 --> 02:07:52 | never over leverage, because that is always looming, and we're in a condition |
| 1490 | 02:07:52 --> 02:07:56 | in the marketplace right now, in geopolitical tension and turmoil that is |
| 1491 | 02:07:57 --> 02:08:03 | expected to unfold At any given time, any moment, folks, things could pop off. |
| 1492 | 02:08:04 --> 02:08:08 | And your little indicator, or your little market structure idea, whether it |
| 1493 | 02:08:08 --> 02:08:13 | be mine or somebody else's stuff, means nothing. When that happens, it literally |
| 1494 | 02:08:13 --> 02:08:18 | is cannon fodder. It's gone. You're dusted. And if you happen to be over |
| 1495 | 02:08:18 --> 02:08:25 | leveraged when it happens, you're going to eat it and sorry but it's not going |
| 1496 | 02:08:25 --> 02:08:29 | to be pleasurable. It's going to be it's going to be a hard swallow, and probably |
| 1497 | 02:08:29 --> 02:08:32 | end you and take you out of the game entirely. And all of that is avoidable |
| 1498 | 02:08:33 --> 02:08:36 | if you don't over leverage, if you trade with one contract and you try to capture |
| 1499 | 02:08:36 --> 02:08:40 | moves like this, I promise you're going to beat the socks off of every one of |
| 1500 | 02:08:40 --> 02:08:45 | the live streamers out there and my students included all of them that are |
| 1501 | 02:08:45 --> 02:08:48 | doing well. Now they're going to start applying this and watch and see how well |
| 1502 | 02:08:48 --> 02:08:52 | they start increasing. And people that don't like me, their trades are going to |
| 1503 | 02:08:52 --> 02:08:55 | start working. And go back and look at what I'm taught you here. They're going |
| 1504 | 02:08:55 --> 02:08:58 | to you're going to see that they're using this too. It's a secret weapon. I |
| 1505 | 02:08:58 --> 02:09:04 | didn't want to give it to anybody. I did not want to give it away to anyone. It's |
| 1506 | 02:09:04 --> 02:09:09 | a it's a home field advantage, one of many that I have. But because I want my |
| 1507 | 02:09:09 --> 02:09:16 | son to know what he's doing, that's real simple. It's It's not complicated. It's |
| 1508 | 02:09:16 --> 02:09:21 | one or the other. And if there's two extremes above and below the range |
| 1509 | 02:09:21 --> 02:09:25 | that's relative equal high and relative equal low, then you just wait for one of |
| 1510 | 02:09:25 --> 02:09:29 | them to be disrupted. And just sometimes you'll miss a move. Sometimes it'll do |
| 1511 | 02:09:29 --> 02:09:34 | it, and then you won't get a trade. Who cares? Who cares? When you back test |
| 1512 | 02:09:34 --> 02:09:39 | this, you're going to see like, what am I worried about? Man, like this is so |
| 1513 | 02:09:39 --> 02:09:44 | many times offered to me every single week, right? That's the mindset you need |
| 1514 | 02:09:44 --> 02:09:48 | to come away with. Not I gotta trade every single day when it's so obvious, |
| 1515 | 02:09:48 --> 02:09:54 | when it's so obvious, that's the ones you want to trade on, because retail is |
| 1516 | 02:09:54 --> 02:09:57 | going to have every hope and prayer hanging on those relative equal highs, |
| 1517 | 02:09:57 --> 02:10:02 | thinking it's resistance, and they're going. To eat them. They're going to |
| 1518 | 02:10:02 --> 02:10:08 | devour them and grind their bones to powder. And you can have a moral dilemma |
| 1519 | 02:10:08 --> 02:10:12 | and have some convictions about that being well, I can't do that to somebody |
| 1520 | 02:10:12 --> 02:10:17 | else. I can't because they sign the same risk disclosure that I do when I open up |
| 1521 | 02:10:17 --> 02:10:23 | an account, and if they make the wrong move, don't interrupt them. That's how |
| 1522 | 02:10:23 --> 02:10:29 | you eat. That's how you eat here. And if you have a problem with that, then |
| 1523 | 02:10:30 --> 02:10:35 | trading is not for you, and there's nothing wrong with that either. But |
| 1524 | 02:10:36 --> 02:10:40 | hopefully you you see that when we're doing this, we're not trying to be |
| 1525 | 02:10:40 --> 02:10:45 | smart. We're not trying to be more popular than somebody else. We're not |
| 1526 | 02:10:45 --> 02:10:49 | trying to get more attention and more viewership or more followers. We're in |
| 1527 | 02:10:49 --> 02:10:54 | here to try to make money so that way you can make your ends meet. That's it, |
| 1528 | 02:10:55 --> 02:11:00 | and some of you will supercharge that and become pillars in the community and |
| 1529 | 02:11:00 --> 02:11:05 | Titans and be so much bigger than I am. And I'm here to see it. I want to see |
| 1530 | 02:11:05 --> 02:11:11 | it. I want to cheer you on. I'd love it for one of my sons to be that person. |
| 1531 | 02:11:12 --> 02:11:16 | I've been trying to cultivate that since they were little. But they're they're |
| 1532 | 02:11:16 --> 02:11:21 | individual personalities, and you know how it is you don't want to listen to |
| 1533 | 02:11:21 --> 02:11:26 | your parents. And even if your dad Can Do It and Prove it over and over and |
| 1534 | 02:11:26 --> 02:11:29 | over and over and over again, sometimes still isn't enough as a motivation you |
| 1535 | 02:11:29 --> 02:11:33 | do because you have to want to do it. And guess what makes that happen when |
| 1536 | 02:11:33 --> 02:11:39 | you make them work menial jobs and they hate it? What's the alternative college |
| 1537 | 02:11:39 --> 02:11:47 | that's out of the question? So do what works, do what works, and can be proven |
| 1538 | 02:11:47 --> 02:11:53 | I could do this in front of the Supreme Court right, just like I did today. I |
| 1539 | 02:11:53 --> 02:11:58 | ain't afraid of it. I'm not afraid of this. And when you get that confidence, |
| 1540 | 02:11:58 --> 02:12:02 | it's not arrogance. But when somebody doesn't know how to do something and |
| 1541 | 02:12:02 --> 02:12:05 | they fail miserably, when they hear somebody talk like that, and when they |
| 1542 | 02:12:05 --> 02:12:11 | see somebody display it, it's so uncomfortable, it's unbearable for them. |
| 1543 | 02:12:12 --> 02:12:19 | So now you are a narcissistic jerk, you're arrogant, you're conceited. Okay, |
| 1544 | 02:12:19 --> 02:12:24 | is that going to make me lose money on the next trade? No, is that going to |
| 1545 | 02:12:24 --> 02:12:29 | make me forget to the logic that is being being employed here? No, I'm not |
| 1546 | 02:12:29 --> 02:12:35 | here for friends. I'm not here for friends. Neither should you be. I'm |
| 1547 | 02:12:35 --> 02:12:40 | warming up to these candlesticks when it's appropriate, but when the date is |
| 1548 | 02:12:40 --> 02:12:45 | over. I'm going home alone. They're not spending a night with me. That's all it |
| 1549 | 02:12:45 --> 02:12:56 | is. It's a momentary engagement, and I'm leaving before any kids are made. Simple |
| 1550 | 02:12:56 --> 02:13:00 | as that. I'm staying protected. I'm wrapping up. I got a stop loss. I know |
| 1551 | 02:13:00 --> 02:13:04 | when I hit the brakes and go out the other direction, if it's a grenade I'm |
| 1552 | 02:13:04 --> 02:13:09 | getting out of there before it does any damage. And that's me thinking like a |
| 1553 | 02:13:09 --> 02:13:15 | man for the ladies. You you come up with your own analogy. I'm not that good with |
| 1554 | 02:13:15 --> 02:13:21 | it when with the lady side. But hopefully you've learned something |
| 1555 | 02:13:21 --> 02:13:25 | today. I'm going to close this one. I want to invite you all tomorrow to the |
| 1556 | 02:13:25 --> 02:13:29 | comeback. If you found this insightful, it'll be a little bit more technical |
| 1557 | 02:13:29 --> 02:13:33 | tomorrow. Today was more or less the mindset, how to relax when you're |
| 1558 | 02:13:33 --> 02:13:37 | watching the charts and what to look for. So that way you're not holding so |
| 1559 | 02:13:37 --> 02:13:43 | much expectation of yourself, and then you can enjoy, enjoy studying it, |
| 1560 | 02:13:43 --> 02:13:46 | because it's important that you do enjoy it, because if it's if it's daunting and |
| 1561 | 02:13:46 --> 02:13:52 | you're not really seeing any kind of fun characteristics in it, it's going to be |
| 1562 | 02:13:52 --> 02:13:56 | very hard to stick with it. So I tried to cultivate that today. If I was |
| 1563 | 02:13:56 --> 02:14:00 | successful, you can obviously show me by giving a thumbs up. I promise you, I |
| 1564 | 02:14:00 --> 02:14:04 | don't make any more money by thumbs up, and you don't take any money from me |
| 1565 | 02:14:04 --> 02:14:07 | when you put the thumbs down either. It doesn't change anything, but it's just a |
| 1566 | 02:14:07 --> 02:14:12 | way for you to give me feedback that you found something in this today that made |
| 1567 | 02:14:12 --> 02:14:17 | sense for you, that you are inspired to go into your charts, and you had fun |
| 1568 | 02:14:17 --> 02:14:20 | while you were learning it. So this is going to be the end of lecture number |
| 1569 | 02:14:20 --> 02:14:25 | one, dealing with the foundations of determining a bias. It's very, very |
| 1570 | 02:14:25 --> 02:14:29 | simple. It doesn't, doesn't require a whole lot of complicated things. It's |
| 1571 | 02:14:29 --> 02:14:34 | very time specific. Without the time elements, none of it matters. And it's |
| 1572 | 02:14:34 --> 02:14:37 | very, very rule based. That doesn't require a whole lot of moving parts. |
| 1573 | 02:14:37 --> 02:14:40 | Where it's smooth, it's going where it's jagged. It's going to move away from |
| 1574 | 02:14:40 --> 02:14:44 | very, very simple logic, folks, not complicated at all, and I'll talk to you |
| 1575 | 02:14:44 --> 02:14:46 | tomorrow. Lord willing be safe. You. |