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Version 1.1 by Drunk Monkey on 2024-08-07 10:34
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1 == Outline ==
2
3 ##02:22 -## Using OBS streaming service for live streams, audio delay issues.
4
5 - ICT struggles with OBS settings, delays audio check.
6
7 ##03:58 -## Teaching children to be self-sufficient and not rely on others for income.
8
9 - The speaker, ICT, explains why they're teaching their kids to be self-sufficient and not rely on others for income.
10 - ICT shares their approach to teaching their kids, including making them work hard and not giving them money without effort.
11
12 ##06:57 -## Trading strategies and market analysis.
13
14 - ICT explains the importance of having a reason for trading and being mindful of market news.
15 - ICT provides insights on how to approach trading, including the importance of being responsible for losses.
16 - ICT emphasizes the importance of proper training and mentorship in trading.
17 - ICT plans to share his knowledge and experience with his son through a YouTube channel.
18 - ICT argues that price action is coded to follow time-based patterns, not buyer/seller pressure.
19 - ICT teaches a simple approach to trading based on time and market analysis.
20 - ICT encourages listeners to try his methods and see the results for themselves.
21
22 ##16:31 -## Teaching son how to trade cryptocurrency with full disclosure.
23
24 - Father and son experiment with trading cryptocurrency, using Top Step as a test case.
25 - The speaker's son wants to create a YouTube channel to share his learning journey, and the speaker is supportive of this decision.
26 - The speaker believes that the son's struggles and successes will draw a crowd and provide valuable insights.
27
28 ##19:59 -## Trading mindset and strategies for beginners.
29
30 - The speaker will mentor the listener on trading, focusing on their mindset and chart setup to determine their trading style.
31 - The speaker will help the listener develop real skills and a consistent baseline for evaluating their trading performance.
32 - The speaker emphasizes the importance of understanding market retracements and setting up a long-term trend model.
33 - The speaker encourages traders to focus on their own strategy and mindset, rather than trying to copy others.
34 - The speaker warns against using their content without permission, threatening to take down channels that violate their rights.
35 - The speaker encourages their students to create a secondary income stream through live streaming or other means to alleviate financial stress while trading.
36
37 ##28:00 -## Trading risks and importance of proper preparation.
38
39 - ICT argues against inviting uncertainty into trading decisions.
40 - Influencer warns against selective attention and lack of transparency in live streaming.
41
42 ##31:04 -## Overcoming mental barriers to trading success.
43
44 - The speaker emphasizes the importance of having the right mindset for learning and trading.
45 - The speaker encourages the audience to be the type of person who proves others wrong and does more than expected.
46 - The speaker's childhood experiences shape their need for control in adulthood.
47 - ICT emphasizes the importance of proper journaling for traders, citing the need to understand market bias and profiling.
48 - ICT challenges viewers to prove their trading skills by making $100,000 in 4 weeks, offering $500,000 to the successful trader.
49
50 ##38:18 -## Mentorship, learning, and market expectations.
51
52 - ICT: Overconfidence increases difficulty, time limit on learning.
53 - ICT warns against lazy learners with unrealistic expectations.
54
55 ##42:01 -## Trading and the importance of mental preparation.
56
57 - ICT warns of the dangers of chasing a "quick fix" in trading, leading to long-term negative consequences.
58 - The speaker compares basic training in the military to trading, emphasizing the importance of physical and mental toughness.
59 - The speaker prioritizes being an "island unto yourself" in trading, relying on one's own analysis and decision-making.
60 - ICT warns against gambling in trading with real money, citing personal experience.
61
62 ##48:16 -## Trading fear and anxiety, using a quarter to practice with small leverage.
63
64 - ICT teaches on market analysis, identifying potential liquidity draws and low-hanging fruit for short-term bias.
65 - ICT advises new traders to start small and let go of fear of first trade with real money.
66
67 ##51:50 -## Market analysis and trading strategies.
68
69 - Observe price movements and identify areas of liquidity and inefficiency to make informed trades.
70 - Market predisposed to move in one direction, but intervention possible.
71
72 ##56:16 -## Using time frames to identify market movements and make trades.
73
74 - ICT teaches traders to focus on 3 time frames: 15, 5, and 1 min.
75 - ICT identifies algorithmic characteristic to make money by buying below open and holding for whole day.
76
77 ##59:43 -## Trading psychology and proper techniques.
78
79 - Trader struggles with holding on to trades due to fear of losing gains.
80 - Trader records and analyzes price action to improve trading skills.
81 - ICT warns against impulsive trading, emphasizing the importance of a proper mindset and following rules.
82
83 ##01:05:58 -## Analyzing market liquidity and predicting price movements.
84
85 - ICT emphasizes liquidity and its importance in market movements.
86 - Trader shares 81 "pet techniques" with unique names, reflecting personal significance and discovery.
87
88 ##01:09:17 -## Identifying smooth price areas for potential disruption.
89
90 - The speaker observes that the market will go to areas of smoothness to disrupt orders above or below it.
91 - The speaker is not a fan of using Market Replay to watch price action, preferring to use other instruments instead.
92
93 ##01:11:49 -## Identifying high probability price movements using chart analysis.
94
95 - The speaker expresses frustration with the availability of real-time market analysis, wishing it weren't available to anyone.
96 - The speaker emphasizes the importance of journaling and annotating charts to study price movements and identify potential trading opportunities.
97 - ICT discusses the importance of identifying high probability trading opportunities by analyzing market dynamics and identifying relative equal highs on charts.
98 - ICT highlights the concept of priming, where traders continuously create expectations and manipulate market sentiment to influence price movements.
99 - ICT explains how to identify failure swings in price action, which the algorithm refers back to for trading decisions.
100 - ICT highlights the importance of identifying relative equal lows and highs in price action for trading success.
101
102 ##01:19:10 -## Identifying trading opportunities using price action and market structure analysis.
103
104 - ICT emphasizes the importance of understanding the time element in the market's behavior.
105 - The speaker emphasizes the importance of identifying smooth locations in price action on different time frames to increase the odds of a profitable trade.
106 - The speaker warns against blindly following his teachings and encourages listeners to use their own judgment and experience when trading.
107
108 ##01:23:08 -## Technical analysis and market behavior.
109
110 - ICT explains how to identify bullish breakers by analyzing candlestick patterns and volume imbalances.
111 - ICT demonstrates how to trade on the narrative of the market by focusing on short-term highs and inefficiencies.
112 - ICT identifies a scalp opportunity in a choppy market, highlighting the importance of identifying levels of support and resistance.
113 - ICT analyzes the market's reaction to these levels, noting the significance of clean breaks and the potential for a punishing move towards shorts.
114
115 ##01:28:49 -## Technical analysis and trading strategies using market replay.
116
117 - Long-term market participants can be identified by their consistent presence at the final table, just like in the World Series of Poker.
118 - ICT discusses market replay and trading strategies with live chart analysis.
119
120 ##01:31:50 -## Market analysis and trading strategies.
121
122 - The speaker emphasizes the importance of identifying smooth areas in the market where the price is being defended or offered.
123 - The speaker uses the concept of "bias" to explain how traders can determine which side of the marketplace the price will reach.
124 - 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.
125 - ICT emphasizes the importance of being reasonable and identifying problems in a relationship to overcome adversities.
126
127 ##01:37:52 -## Technical analysis and market predictions using charts and time frames.
128
129 - The speaker identified smooth areas in the market and used analogies to explain their analysis.
130 - The speaker used three time frames to identify potential highs and lows, with each time frame providing a stepping stone for their analysis.
131
132 ##01:40:26 -## Trading and market analysis using key times and chart analysis.
133
134 - ICT consistently predicts market movements despite skepticism from viewers.
135 - 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.
136 - The speaker encourages traders to be mindful of smooth market conditions and avoid disrupting them with unnecessary actions.
137
138 ##01:45:45 -## Trading strategies and market analysis.
139
140 - The speaker shares valuable insights on trading, including identifying market trends and making informed decisions.
141 - The speaker demonstrates a unique approach to trading by using a "bazooka" when necessary and a "match" when less powerful tools are required.
142
143 ##01:48:20 -## Trading strategies and market analysis.
144
145 - ICT shares his expertise on trading, revealing his methods for analyzing markets and executing trades.
146 - He emphasizes the importance of honesty and transparency in learning and sharing knowledge.
147 - ICT expresses his willingness to pour himself into mentorship and teaching, despite his potential to earn millions through private lessons.
148 - 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).
149 - 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.
150
151 ##01:54:22 -## Identifying bias in financial markets using smooth areas and jagged edges.
152
153 - ICT explains how to identify bias in markets by looking for smooth areas and jagged edges.
154 - ICT criticizes traders for not following his teachings and instead relying on other methods that are "gambling".
155
156 ##01:57:23 -## Technical analysis and market trends.
157
158 - ICT identifies a bullish breaker and highlights it for viewers to focus on.
159 - Viewers are encouraged to annotate charts and journal their findings to reinforce learning.
160 - The speaker identified a fair value gap in the price action and predicted that it would be attacked by sharks.
161 - The speaker advised against trading into levels where the sharks have already had a frenzy.
162 - The speaker discusses the importance of identifying fair value gaps in the market and how they can be used to make trading decisions.
163 - The speaker highlights the significance of inversion points in the market and how they can be used to identify potential buy areas.
164
165 ##02:04:59 -## Using time frames to predict market movements, with emphasis on avoiding over-leveraging due to geopolitical tensions.
166
167 - ICT identifies three opportunities for bias in the London session, starting at 7am.
168 - ICT emphasizes the importance of not over-leveraging due to geopolitical tensions and market volatility.
169
170 ##02:08:15 -## Identifying market bias using time and price analysis.
171
172 - ICT warns of over-leveraging and provides a secret trading strategy.
173 - ICT emphasizes the importance of confidence and hard work in trading.
174 - The speaker emphasizes the importance of having a bias-free mindset when trading.
175 - The speaker provides practical tips for identifying and managing one's emotions during trading.
176
177 == Transcription ==
178
179 (% class="hover min" %)
180 |1 |00:02:22 ~-~-> 00:02:27 |ICT: I Know, right? I know, another live stream, another mentorship. Oh, my
181 |2 |00:02:27 ~-~-> 00:02:33 |goodness. How you doing? Folks? Hope you're doing well, give me a second
182 |3 |00:02:33 ~-~-> 00:02:39 |here. I apologize for being slightly late. The OBS, streaming service thing I
183 |4 |00:02:39 ~-~-> 00:02:45 |hear I use wasn't cooperating with me, so I couldn't find the settings to get
184 |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
185 |6 |00:02:49 ~-~-> 00:02:59 |doing any more. Jaw burning. All right, it looks like, it looks like we're we're
186 |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
187 |8 |00:03:11 ~-~-> 00:03:16 |can hear myself in my headphones. I
188 |9 |00:03:33 ~-~-> 00:03:42 |the audio check one. That's about three seconds delay. That's pretty good, so I
189 |10 |00:03:42 ~-~-> 00:03:49 |have it set to the lowest latency. So when I'm showing my like 15 second chart
190 |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.
191 |12 |00:03:58 ~-~-> 00:04:07 |Alright, so let me explain to you why I'm even doing mentorship here, as you
192 |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
193 |14 |00:04:11 ~-~-> 00:04:17 |were born, trying to mold them and get them into the mindset not thinking for
194 |15 |00:04:18 ~-~-> 00:04:24 |The purposes of procuring an income from someone else's hand, you know, relying
195 |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,
196 |17 |00:04:30 ~-~-> 00:04:35 |when they can have time off. I don't like to cultivate an employee mentality,
197 |18 |00:04:36 ~-~-> 00:04:45 |because I don't have one. So my son, Caleb, recently had an interest in
198 |19 |00:04:45 ~-~-> 00:04:48 |making another attempt at doing this. I know a lot of you always ask, you know,
199 |20 |00:04:48 ~-~-> 00:04:53 |how my kids doing, how they doing in their in their learning and whatnot.
200 |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
201 |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
202 |23 |00:05:05 ~-~-> 00:05:10 |a lifestyle given to you, it kind of like makes you lazy and become very lots
203 |24 |00:05:10 ~-~-> 00:05:16 |of days ago when you just don't really have any pursuit in you. So that method
204 |25 |00:05:16 ~-~-> 00:05:23 |I've used has hopefully done its work in the venom of making him want to leave
205 |26 |00:05:23 ~-~-> 00:05:31 |the rat race, knowing that I'm not just going to dull money out to him, his
206 |27 |00:05:31 ~-~-> 00:05:37 |interest is again peaked, and want to make a good, good attempt at it. So I
207 |28 |00:05:37 ~-~-> 00:05:41 |get a lot of questions about, you know, if, if you're teaching your kids. How do
208 |29 |00:05:41 ~-~-> 00:05:45 |you teach your kids? You know, what is it that you do differently if you do
209 |30 |00:05:45 ~-~-> 00:05:50 |anything differently? And I, honestly, I do, I do things slightly differently
210 |31 |00:05:50 ~-~-> 00:05:54 |because, you know, they're my kids. Okay, you're not entitled to anything
211 |32 |00:05:54 ~-~-> 00:06:01 |from me. I'm not obligated to giving you anything. I'm not expected, you know, to
212 |33 |00:06:01 ~-~-> 00:06:07 |to be your best friend, or to be your your guiding light, as much as I seem
213 |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
214 |35 |00:06:12 ~-~-> 00:06:17 |you have this connection with me, because you hear the sincerity and what
215 |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
216 |37 |00:06:21 ~-~-> 00:06:25 |a an archive of me teaching, instructing, encouraging my own
217 |38 |00:06:25 ~-~-> 00:06:34 |children. So when I talking with a sense of sincerity and empathy, it's genuine,
218 |39 |00:06:34 ~-~-> 00:06:38 |because I have them in my mind. Now, invariably, sometimes I get a student
219 |40 |00:06:38 ~-~-> 00:06:42 |that's outside my family tree, and they'll contact me, and they'll say,
220 |41 |00:06:42 ~-~-> 00:06:46 |hey, look, you know, I really appreciate if you could do this, this, that. And I
221 |42 |00:06:46 ~-~-> 00:06:52 |would touch on those types of, those types of rather, and or one of my kids
222 |43 |00:06:52 ~-~-> 00:06:57 |will say, Dad, how do you how do you deal with a situation like this? Or what
223 |44 |00:06:57 ~-~-> 00:07:02 |if the market does that? Or how do you know when not to do something, or when
224 |45 |00:07:02 ~-~-> 00:07:08 |should you really push it aggressively? I'm going to talk a little bit about
225 |46 |00:07:08 ~-~-> 00:07:12 |that, not so much today, but I want to give like, a baseline on where you
226 |47 |00:07:12 ~-~-> 00:07:18 |should be at when you first sit down. Start learning how to do this. I'll push
227 |48 |00:07:18 ~-~-> 00:07:22 |buttons in front of you. I'll talk about where the market should go. I'll talk
228 |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
229 |50 |00:07:28 ~-~-> 00:07:33 |that I think are important. So that way, it kind of like filters out. And because
230 |51 |00:07:33 ~-~-> 00:07:38 |I plan on doing this Monday through Friday, it will be a exercise for you
231 |52 |00:07:39 ~-~-> 00:07:43 |now, if you're already profitable. If you're already profitable, whether
232 |53 |00:07:43 ~-~-> 00:07:48 |you're using my concepts or a derivative of them, or you're doing something
233 |54 |00:07:48 ~-~-> 00:07:51 |entirely different, it's probably better that you don't watch it live stream.
234 |55 |00:07:51 ~-~-> 00:07:55 |Just do what you normally do, because I'm probably going to distract you, or
235 |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
236 |57 |00:07:58 ~-~-> 00:08:03 |calls me to lose money, and you won't take responsibility. And you need to be
237 |58 |00:08:03 ~-~-> 00:08:10 |responsible. Okay, the things I'm going to touch on is, obviously, you know
238 |59 |00:08:12 ~-~-> 00:08:15 |where your mind should be every day, sitting down in front of the charts, you
239 |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
240 |61 |00:08:19 ~-~-> 00:08:22 |started the stream at around eight o'clock. I know it's like seven minutes
241 |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
242 |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
243 |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
244 |65 |00:08:40 ~-~-> 00:08:45 |with you until probably the quarter after 10. Okay, but this mentorship, at
245 |66 |00:08:45 ~-~-> 00:08:49 |least the first lecture here, is probably going to be a little annoying
246 |67 |00:08:49 ~-~-> 00:08:53 |for some of you that just want to get out here and start pushing buttons. But
247 |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
248 |69 |00:08:56 ~-~-> 00:09:01 |you have time to do it, but before you watch tomorrow's live stream, okay?
249 |70 |00:09:01 ~-~-> 00:09:04 |Because otherwise you'll miss the whole importance of what it is that you should
250 |71 |00:09:04 ~-~-> 00:09:08 |be doing before you sit down. Whether you're watching my live stream, someone
251 |72 |00:09:08 ~-~-> 00:09:12 |else's live stream, or you're doing your own model, you're in trading, okay?
252 |73 |00:09:12 ~-~-> 00:09:16 |Because it's very, very important that you have a real reason of why you're
253 |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
254 |75 |00:09:21 ~-~-> 00:09:25 |out so something can go on social media and get some clicks and likes and some
255 |76 |00:09:25 ~-~-> 00:09:29 |interactions because you need to get your grocery bill paid, and that's fine,
256 |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
257 |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
258 |79 |00:09:35 ~-~-> 00:09:39 |sending me emails. Okay, just I got plenty of time for that. Don't worry
259 |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
260 |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
261 |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
262 |83 |00:09:51 ~-~-> 00:09:55 |relax. Keep making your videos, because you look stupid. Exposed. ICT field,
263 |84 |00:09:56 ~-~-> 00:10:01 |Robin's cup, it's going to make it even better. But anyway. Okay, our focus is
264 |85 |00:10:01 ~-~-> 00:10:06 |going to be primarily on the NASDAQ today, but in this mentorship, I will go
265 |86 |00:10:06 ~-~-> 00:10:11 |back to talking about forex, because I know a lot of you are stuck in that
266 |87 |00:10:11 ~-~-> 00:10:16 |asset class. Okay, even though I'm not interested in pushing any orders through
267 |88 |00:10:16 ~-~-> 00:10:21 |that market anymore, I will cover some of the things that are salient to that
268 |89 |00:10:21 ~-~-> 00:10:26 |individual asset class when it is appropriate, but it's not appropriate
269 |90 |00:10:26 ~-~-> 00:10:29 |right now, because right now, I want you to think about what it is that you
270 |91 |00:10:29 ~-~-> 00:10:33 |should be doing before you are trying to trade before you're trying to trade with
271 |92 |00:10:33 ~-~-> 00:10:39 |your funded accounts or trying to pass combines or whatnot. Full disclosure, I
272 |93 |00:10:39 ~-~-> 00:10:43 |talked to Caleb, and I asked him, you know, what his intentions were, what he
273 |94 |00:10:43 ~-~-> 00:10:49 |wants to do, what he's willing to do. He wants to share and document his
274 |95 |00:10:49 ~-~-> 00:10:56 |progress. So he'll be doing a YouTube channel. So when I teach, I'm talking,
275 |96 |00:10:56 ~-~-> 00:10:59 |he's not with me right now, but he's listening and watching it live like you
276 |97 |00:10:59 ~-~-> 00:11:06 |are. So the things I'm talking about in this is going to be my suggestion to
277 |98 |00:11:06 ~-~-> 00:11:10 |you, if you maybe have watched some of my videos, maybe you watched a lot of my
278 |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
279 |100 |00:11:14 ~-~-> 00:11:17 |right now. What do I do right now? Because it's very daunting seeing how
280 |101 |00:11:17 ~-~-> 00:11:20 |many videos I have and all these different concepts and all these
281 |102 |00:11:20 ~-~-> 00:11:27 |different things, these moving parts. It's, it's very intimidating, and I get
282 |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
283 |104 |00:11:31 ~-~-> 00:11:35 |entire encyclopedia of what I'm willing to give to the public. So you can go and
284 |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
285 |106 |00:11:41 ~-~-> 00:11:45 |correctly this time, where it's step by step, Dad's going to be explaining it
286 |107 |00:11:45 ~-~-> 00:11:49 |live, so that way there's no hindsight stuff. Not that it was ever hindsight.
287 |108 |00:11:49 ~-~-> 00:11:53 |When I was teaching him, he would watch me push the button right in front of
288 |109 |00:11:53 ~-~-> 00:11:56 |him. He would see me explain. I think it's going to go here. This is where
289 |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
290 |111 |00:11:59 ~-~-> 00:12:03 |do that. This is real mentorship. Okay? It's we're not going to be doing any
291 |112 |00:12:03 ~-~-> 00:12:06 |market replay, and we're going to talk about theory and say, now let me push
292 |113 |00:12:06 ~-~-> 00:12:09 |the market forward and watch what happens when you had the benefit of
293 |114 |00:12:09 ~-~-> 00:12:12 |already knowing what it's going to do. That is absolutely not that's not
294 |115 |00:12:12 ~-~-> 00:12:16 |mentorship. That is absolutely not teaching anybody anything, and it
295 |116 |00:12:16 ~-~-> 00:12:21 |certainly doesn't inspire trust in the person that you're learning from because
296 |117 |00:12:21 ~-~-> 00:12:27 |they have the added benefit of knowing what has already happened. So seeing
297 |118 |00:12:27 ~-~-> 00:12:33 |live price action, watching data tick, without the benefit of knowing what it's
298 |119 |00:12:33 ~-~-> 00:12:36 |going to do, is exactly what you as a trader are going to have to encounter
299 |120 |00:12:36 ~-~-> 00:12:41 |every single time you sit in front of the charts. You don't know what's going
300 |121 |00:12:41 ~-~-> 00:12:45 |to happen, and right now is a wonderful learning experience, because the climate
301 |122 |00:12:46 ~-~-> 00:12:50 |is so statically charged. Everything that's going on over the Middle East
302 |123 |00:12:50 ~-~-> 00:12:55 |right now, they're going to have reverberations throughout the entire
303 |124 |00:12:55 ~-~-> 00:13:03 |market, globally, and probably in your neck of the woods where you live. So it
304 |125 |00:13:03 ~-~-> 00:13:08 |increases the level of responsibility on your part as someone that wants to
305 |126 |00:13:08 ~-~-> 00:13:12 |engage in these markets because they're very risky. And now add to it the
306 |127 |00:13:12 ~-~-> 00:13:22 |increased level and amplitude of uncertainty where anything can happen, a
307 |128 |00:13:22 ~-~-> 00:13:28 |bomb drops, or a series of bombs drop in an unexpected location, and then, boom,
308 |129 |00:13:28 ~-~-> 00:13:33 |everything starts changing rapidly, and that fear and that rush will be injected
309 |130 |00:13:33 ~-~-> 00:13:34 |into the marketplace,
310 |131 |00:13:36 ~-~-> 00:13:39 |and they will use, they being the people that are in charge of price action. It's
311 |132 |00:13:39 ~-~-> 00:13:42 |not the buying and selling pressure that moves price. And you'll hear a lot about
312 |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
313 |134 |00:13:46 ~-~-> 00:13:50 |you don't believe in an algorithm. I know you believe that you know buyers
314 |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
315 |136 |00:13:55 ~-~-> 00:13:58 |believe in fairy tales. That's your that's your business. I'm not going to
316 |137 |00:13:58 ~-~-> 00:14:04 |try to wake you up from your dream. Sleep tight. Price. Will do what it's
317 |138 |00:14:04 ~-~-> 00:14:13 |going to do because it's coded to do it based on time. Okay, and time is
318 |139 |00:14:13 ~-~-> 00:14:18 |essential. It's the first Hallmark to when and why a market should produce a
319 |140 |00:14:18 ~-~-> 00:14:22 |displacement, a run, whether it be impulsive, whether it be retracement,
320 |141 |00:14:22 ~-~-> 00:14:27 |whether it be anything, it's always going to be delivered on the basis of
321 |142 |00:14:27 ~-~-> 00:14:34 |time. It's going to move at a specific time or a period of time within 20
322 |143 |00:14:34 ~-~-> 00:14:37 |minutes. That's a macro. And we're going to talk about those things because I
323 |144 |00:14:37 ~-~-> 00:14:43 |want to simplify it for my son. You all are getting that benefit of seeing it,
324 |145 |00:14:43 ~-~-> 00:14:50 |hearing it, and being explained to you as if it were you being Caleb, I'm not
325 |146 |00:14:50 ~-~-> 00:14:54 |hiding anything. I just sent him a text before I started. I said, just stop
326 |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
327 |148 |00:14:58 ~-~-> 00:15:02 |you're distracting. Okay, so there's. No secret, texting going on. There's no
328 |149 |00:15:02 ~-~-> 00:15:06 |conversation behind the scenes. Everything you see and experience while
329 |150 |00:15:06 ~-~-> 00:15:12 |I'm doing these live streams is exactly what he's digesting the same way. And
330 |151 |00:15:12 ~-~-> 00:15:16 |the things that I'm going to encourage him to do, my suggestion is to try it
331 |152 |00:15:16 ~-~-> 00:15:21 |for yourself, and you're going to see everything that I taught is absolutely
332 |153 |00:15:21 ~-~-> 00:15:25 |not complicated. The complication comes from people that want to take my stuff.
333 |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
334 |155 |00:15:31 ~-~-> 00:15:36 |write a book. There's dozens of books about me now, and I'm quite certain all
335 |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
336 |157 |00:15:42 ~-~-> 00:15:47 |won't be forever, and somebody else will become something interesting, and
337 |158 |00:15:47 ~-~-> 00:15:53 |that'll be the new buzz thing. But right now, the problem with it, the community
338 |159 |00:15:53 ~-~-> 00:15:57 |that has any interest in me, is either they want to do the gotcha about me
339 |160 |00:15:57 ~-~-> 00:16:03 |because it gives them grocery money, or they want to learn from me, and then say
340 |161 |00:16:03 ~-~-> 00:16:06 |they don't learn from me, but they talk with my vernacular. They use all my
341 |162 |00:16:06 ~-~-> 00:16:11 |terms. They trade just like me, but they say they don't, and they do mentorships.
342 |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
343 |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
344 |165 |00:16:23 ~-~-> 00:16:26 |response to you being here, because you're going to learn how to finally do
345 |166 |00:16:26 ~-~-> 00:16:31 |it, instead of pretending, instead of talking about and teaching through
346 |167 |00:16:31 ~-~-> 00:16:38 |Market Replay. Okay? I asked my son what his interest was. He doesn't want me to
347 |168 |00:16:38 ~-~-> 00:16:43 |give him money to trade with, which is good. That's cool. So I asked him what
348 |169 |00:16:43 ~-~-> 00:16:49 |his intentions were, and yeah, so you're going to go through like a prof again.
349 |170 |00:16:50 ~-~-> 00:16:55 |And he said he was going to use top step now, full disclosure, if anyone, if
350 |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
351 |172 |00:17:00 ~-~-> 00:17:05 |have students in my mentorship that are affiliated with them directly, not just
352 |173 |00:17:05 ~-~-> 00:17:12 |users of it, but they have no connection to me. They have no connection to my
353 |174 |00:17:12 ~-~-> 00:17:18 |son, Caleb. There is no affiliate links. Okay. I have no connection with top
354 |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
355 |176 |00:17:22 ~-~-> 00:17:27 |partner with them. I'm not trying to push any of you to their company. I
356 |177 |00:17:27 ~-~-> 00:17:32 |personally would not trade with with a company like any of them. I guess I
357 |178 |00:17:32 ~-~-> 00:17:36 |personally wouldn't do it. I'm just stating full disclosure. While my son
358 |179 |00:17:36 ~-~-> 00:17:43 |learns how to do this, when he feels equipped to do that again, he will then
359 |180 |00:17:44 ~-~-> 00:17:50 |use top step to do a funded account. So that way everything could be seen
360 |181 |00:17:50 ~-~-> 00:17:56 |through the lens of that instrument. So you can see what he's doing when he's
361 |182 |00:17:56 ~-~-> 00:17:59 |making money when he's not making money. If he does any withdraws and gets
362 |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
363 |184 |00:18:04 ~-~-> 00:18:09 |baby experiment. He's completely he says he is, we'll see what happens when we
364 |185 |00:18:09 ~-~-> 00:18:12 |get a little further along. But he says he's comfortable with disclosing all of
365 |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
366 |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
367 |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
368 |189 |00:18:23 ~-~-> 00:18:26 |good and he's your son, he shouldn't need to do all these things. Well,
369 |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
370 |191 |00:18:30 ~-~-> 00:18:34 |job, but you're probably on other people's YouTube channels, and you're
371 |192 |00:18:34 ~-~-> 00:18:37 |trolling people, and you're on social media trolling because you're miserable
372 |193 |00:18:37 ~-~-> 00:18:41 |because you don't have any money. Dad's not giving him any money. He doesn't
373 |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.
374 |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
375 |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
376 |197 |00:18:55 ~-~-> 00:19:01 |my kids work if he knows there is an interest, and there's a huge interest in
377 |198 |00:19:01 ~-~-> 00:19:06 |what my kids are learning from me directly. So if I'm willing to teach him
378 |199 |00:19:06 ~-~-> 00:19:10 |that, and he's willing to share that, and I'm comfortable with that, because
379 |200 |00:19:10 ~-~-> 00:19:14 |if he makes a YouTube channel while he's learning, yes, there will be ad revenue
380 |201 |00:19:14 ~-~-> 00:19:19 |behind those videos that he puts up and shows his his progress. That's not
381 |202 |00:19:19 ~-~-> 00:19:23 |important right now, in the grand scheme of things, because there isn't going to
382 |203 |00:19:23 ~-~-> 00:19:27 |be a whole lot of viewership, I'm sure initially, there's going to be the
383 |204 |00:19:27 ~-~-> 00:19:32 |morbid curiosity of seeing him fail when he does fail, and they will be
384 |205 |00:19:32 ~-~-> 00:19:37 |celebrated amongst the social media networks. Okay, that's great. That's,
385 |206 |00:19:37 ~-~-> 00:19:42 |that's, that's good, because that draws a crowd. But when he has his milestones
386 |207 |00:19:42 ~-~-> 00:19:45 |where he grows and gets a little bit more understanding, and he finds his
387 |208 |00:19:45 ~-~-> 00:19:50 |successes, and you hear him explain what he struggles with, when you hear him
388 |209 |00:19:50 ~-~-> 00:19:54 |explain what he felt victorious over, and what he made a big deal out of,
389 |210 |00:19:55 ~-~-> 00:19:58 |while he was first learning how to do it, and then he realizes it wasn't that
390 |211 |00:19:58 ~-~-> 00:20:04 |big of a deal. And. It will personify the very things that I've already taught
391 |212 |00:20:04 ~-~-> 00:20:07 |and mentioned in Twitter spaces where I would more or less Council, encourage
392 |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
393 |214 |00:20:14 ~-~-> 00:20:19 |we you and I have a intimate relationship, that I care about you on a
394 |215 |00:20:19 ~-~-> 00:20:26 |personal level, because I'm speaking that way to them, so you can tap into
395 |216 |00:20:26 ~-~-> 00:20:32 |that same network and or hive mentality that I have directed towards my own
396 |217 |00:20:32 ~-~-> 00:20:36 |children. By going through this mentorship, it will be over life price
397 |218 |00:20:36 ~-~-> 00:20:42 |action, it'll be real experience that we can see what it is that you should be
398 |219 |00:20:42 ~-~-> 00:20:46 |doing, and try, at my best, try to steer you away from the things that you're
399 |220 |00:20:46 ~-~-> 00:20:49 |probably going to want to be doing, but they're going to be detrimental to your
400 |221 |00:20:49 ~-~-> 00:20:57 |development. And this first lecture is, number one, your mindset going into it,
401 |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
402 |223 |00:21:02 ~-~-> 00:21:06 |determine what type of trader you're going to be, because it's real important
403 |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,
404 |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
405 |226 |00:21:16 ~-~-> 00:21:21 |what that is for yourself today too. Because you don't have that direction.
406 |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
407 |228 |00:21:25 ~-~-> 00:21:27 |going to chase things, you're going to worry about things that are not
408 |229 |00:21:27 ~-~-> 00:21:31 |important. It's going to actually slow your growth. It'll slow down your
409 |230 |00:21:31 ~-~-> 00:21:37 |productivity, and it'll hold you back. And there's nothing more challenging
410 |231 |00:21:37 ~-~-> 00:21:41 |than feeling like you're not doing enough in trading, because no matter if
411 |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,
412 |233 |00:21:44 ~-~-> 00:21:47 |whether it be a demo account, dabbling around with it, or you tried funded
413 |234 |00:21:47 ~-~-> 00:21:51 |accounts, and maybe you got lucky, you got to pay out. And then now you never
414 |235 |00:21:51 ~-~-> 00:21:58 |can do it again. What changed? Nothing changed. You just got lucky doing
415 |236 |00:21:58 ~-~-> 00:22:02 |something that had no bearing on what you should be doing consistently going
416 |237 |00:22:02 ~-~-> 00:22:08 |forward. It was just an aberration and something that it just happened, but now
417 |238 |00:22:08 ~-~-> 00:22:12 |you have attributed to all that methods. That's that skill, and we're going to
418 |239 |00:22:12 ~-~-> 00:22:17 |show how you develop real skill so that way you can produce a consistent
419 |240 |00:22:18 ~-~-> 00:22:26 |baseline to to evaluate. Okay, do I want to be a trader that focuses on long term
420 |241 |00:22:26 ~-~-> 00:22:28 |trend, directional moves and
421 |242 |00:22:30 ~-~-> 00:22:34 |only trading in that direction? Or do I look for periods where, even in those
422 |243 |00:22:34 ~-~-> 00:22:41 |long term, daily and weekly movements, where can I see potential intermediate
423 |244 |00:22:41 ~-~-> 00:22:46 |term or short term retracements, because I understand the trend may be going in
424 |245 |00:22:46 ~-~-> 00:22:50 |one direction, but it's something I don't trust to get it be a part of,
425 |246 |00:22:50 ~-~-> 00:22:54 |because maybe you've tried entering on trend models, and they burn you and they
426 |247 |00:22:54 ~-~-> 00:23:01 |retrace deeply against you, and you feel more comfortable fading those types of
427 |248 |00:23:01 ~-~-> 00:23:05 |moods. I'm going to teach on that topic as well. So that way you'll have
428 |249 |00:23:05 ~-~-> 00:23:10 |reversible patterns. Turtle suit, real turtle suit, not Twitter. Wish versions
429 |250 |00:23:10 ~-~-> 00:23:17 |of it. The idea of knowing where the market should retrace deeper, maybe even
430 |251 |00:23:17 ~-~-> 00:23:22 |the basis of retracing to set up a long term trend model and treat to get in
431 |252 |00:23:22 ~-~-> 00:23:29 |sync with that daily and or weekly direction. So it's real important that
432 |253 |00:23:29 ~-~-> 00:23:35 |you have some input initially, not just take everything I'm saying, writing it
433 |254 |00:23:35 ~-~-> 00:23:37 |down your notes and saying, Okay, I'm going to do this, this, this, this,
434 |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
435 |256 |00:23:40 ~-~-> 00:23:44 |to give me what I'm looking for there. We're in that gray area initially, where
436 |257 |00:23:44 ~-~-> 00:23:48 |you have the responsibility, because if you don't do this part correctly,
437 |258 |00:23:49 ~-~-> 00:23:54 |everything you do after this holds you up. And it's not because my stuff
438 |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
439 |260 |00:23:57 ~-~-> 00:24:01 |you can't be consistently profitable. It just means that you screwed up and
440 |261 |00:24:01 ~-~-> 00:24:07 |didn't listen to this first lesson. You have to determine what you're going to
441 |262 |00:24:07 ~-~-> 00:24:13 |do as a trader, and then whatever that is, you bloom. There. You plant yourself
442 |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
443 |264 |00:24:17 ~-~-> 00:24:20 |what every one of my other students do that live stream and do it right in
444 |265 |00:24:20 ~-~-> 00:24:24 |front of you. You don't care what anybody else is doing, even outside of
445 |266 |00:24:24 ~-~-> 00:24:28 |my circle of influence, whatever they're doing, whether they're being profitable
446 |267 |00:24:28 ~-~-> 00:24:32 |or not, that's none of your business. You're going to have no bearing on their
447 |268 |00:24:32 ~-~-> 00:24:35 |outcome or their results. You're not going to make them more money. You're
448 |269 |00:24:35 ~-~-> 00:24:40 |not going to prevent them from being profitable. So why waste any time trying
449 |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
450 |271 |00:24:45 ~-~-> 00:24:49 |you should try to copy is the mindset about what I'm going to cover, in terms
451 |272 |00:24:49 ~-~-> 00:24:55 |of reading price, very specific, generic things that are absolutely not
452 |273 |00:24:55 ~-~-> 00:25:00 |complicated, folks. It is not complicated. Complication. Is when
453 |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
454 |275 |00:25:05 ~-~-> 00:25:10 |or my teachings or my lectures. That's what makes it complicated. That's why
455 |276 |00:25:10 ~-~-> 00:25:14 |everybody asks for my slides from the mentorship. That's why everybody says,
456 |277 |00:25:14 ~-~-> 00:25:19 |talk little. You talk too much, because most of them are not English speaking
457 |278 |00:25:19 ~-~-> 00:25:23 |individuals, and they want to translate it into their local language. And if you
458 |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
459 |280 |00:25:26 ~-~-> 00:25:29 |doing a YouTube channel, and it's a dozen of you right now that I'm getting
460 |281 |00:25:29 ~-~-> 00:25:33 |ready to copyright strikes against you're translating all of my mentorship
461 |282 |00:25:33 ~-~-> 00:25:37 |videos into your local language, and I don't give you permission to do that.
462 |283 |00:25:37 ~-~-> 00:25:41 |I've already taken down several channels that have done that, and you can be mad
463 |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
464 |285 |00:25:44 ~-~-> 00:25:47 |about that. But I've already said that. I don't give you permission to do that.
465 |286 |00:25:48 ~-~-> 00:25:51 |You know, if you want to do that, go write a book on Amazon. That's what
466 |287 |00:25:51 ~-~-> 00:25:55 |people have done. Okay, I can't stop you from doing that, and everybody wants,
467 |288 |00:25:55 ~-~-> 00:25:59 |apparently, wants to buy them. So go ahead and go. Go do that. But you don't
468 |289 |00:25:59 ~-~-> 00:26:04 |have my permission to take the the work, the time and effort I put into making
469 |290 |00:26:04 ~-~-> 00:26:09 |the charts, the lectures, the graphics, all those things I did that on my own.
470 |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
471 |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
472 |293 |00:26:16 ~-~-> 00:26:19 |already warned you ahead of time. So no, you don't have the permission to do
473 |294 |00:26:19 ~-~-> 00:26:25 |that, but Caleb will have whatever he gets in terms of ad revenue to help meet
474 |295 |00:26:25 ~-~-> 00:26:32 |his bills while he works his job, and it helps alleviate some of those things
475 |296 |00:26:32 ~-~-> 00:26:35 |that plague people while they're trying to learn, which is, I need to make money
476 |297 |00:26:35 ~-~-> 00:26:41 |real fast, because you can't force being profitable. You can't do it, folks, you
477 |298 |00:26:41 ~-~-> 00:26:45 |absolutely cannot do it. And I said this in my mentorship to my students. I said,
478 |299 |00:26:45 ~-~-> 00:26:51 |Listen, one of the best things you can do is create another stream of income.
479 |300 |00:26:51 ~-~-> 00:26:55 |And I gave them permission that, hey, look, if you want to go out and live
480 |301 |00:26:55 ~-~-> 00:27:03 |stream, not teach. That was when I was doing mentorship, go out and show on a
481 |302 |00:27:03 ~-~-> 00:27:07 |live stream and monetize it that your development is here. Here's what I'm
482 |303 |00:27:07 ~-~-> 00:27:10 |trying to do. I'm trying to be profitable. And I'm going to trade the
483 |304 |00:27:10 ~-~-> 00:27:16 |forex market, or I'm going to trade, you know, Futures, or whatever is, you know,
484 |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,
485 |306 |00:27:21 ~-~-> 00:27:24 |did you hear about crypto? Or Trump came out and said he was going to make
486 |307 |00:27:24 ~-~-> 00:27:28 |America like the the hub for Bitcoin? All of a sudden, Bitcoin fell out of
487 |308 |00:27:28 ~-~-> 00:27:37 |bed. That's interesting, isn't it? But anyway, I encourage my students to live
488 |309 |00:27:37 ~-~-> 00:27:42 |stream, to get a secondary income, because that passive secondary income
489 |310 |00:27:43 ~-~-> 00:27:50 |can be a way of maneuvering the fear and anxiety away from you needing to be
490 |311 |00:27:50 ~-~-> 00:27:57 |perfect in your trades, which is absolutely toxic, absolutely toxic. You
491 |312 |00:27:57 ~-~-> 00:28:03 |cannot have that mindset as a trader. You can't do that. You have to invite
492 |313 |00:28:03 ~-~-> 00:28:09 |the opportunity for you to be wrong. And that doesn't sound productive. It sounds
493 |314 |00:28:10 ~-~-> 00:28:15 |counterintuitive to say, Okay, I invite myself to be incorrect about what my
494 |315 |00:28:15 ~-~-> 00:28:19 |assumptions are about price action right now, and when I go into a trade, when
495 |316 |00:28:19 ~-~-> 00:28:22 |you go into a trade, as soon as you enter that trade, you've completely
496 |317 |00:28:22 ~-~-> 00:28:31 |given the responsibility of the outcome to the market. You don't have any
497 |318 |00:28:31 ~-~-> 00:28:34 |assurity that your stop loss is going to get you out at that price. You don't
498 |319 |00:28:34 ~-~-> 00:28:39 |have that promise, that guarantee the market could happen, especially in the
499 |320 |00:28:39 ~-~-> 00:28:43 |conditions we have right now where a bomb a war can break out in an
500 |321 |00:28:43 ~-~-> 00:28:49 |undisclosed location, boom, unexpected events, bang, you have a huge gap, and
501 |322 |00:28:49 ~-~-> 00:28:52 |it could gap way beyond what your stop loss is. And guess what, folks, that
502 |323 |00:28:52 ~-~-> 00:28:56 |risk is always there. That's why every brokerage firm makes you sign these risk
503 |324 |00:28:56 ~-~-> 00:29:01 |disclosures, because that's what can happen, and when it happens, you want to
504 |325 |00:29:01 ~-~-> 00:29:05 |sue the brokerage company. You want to sue this one and sue that one, because
505 |326 |00:29:07 ~-~-> 00:29:12 |the unexpected happen. And for individuals that trade with extreme
506 |327 |00:29:12 ~-~-> 00:29:16 |leverage that would never do that with a real account, but they are doing it with
507 |328 |00:29:16 ~-~-> 00:29:19 |their funded account, because all they gotta do is pay the reset, or they get
508 |329 |00:29:19 ~-~-> 00:29:23 |free, free resets because they're having affiliate program with one of these
509 |330 |00:29:23 ~-~-> 00:29:28 |companies. It kind of promotes the wrong, wrong idea. Okay, it doesn't
510 |331 |00:29:28 ~-~-> 00:29:36 |matter how many times you can show that you did something right here, but you're
511 |332 |00:29:36 ~-~-> 00:29:38 |constantly restarting these new accounts. You're if you're an
512 |333 |00:29:38 ~-~-> 00:29:42 |influencer, and you keep doing that, you're actually having a detrimental
513 |334 |00:29:42 ~-~-> 00:29:47 |impact on your viewership, because knowing that people have selective
514 |335 |00:29:47 ~-~-> 00:29:51 |vision and selective hearing, they're attracted to when it's right and when it
515 |336 |00:29:51 ~-~-> 00:29:56 |makes money, so therefore, I want to be like this person, because look what they
516 |337 |00:29:56 ~-~-> 00:30:00 |just made. But if you're not disclosing the entirety behind. Everything, and I
517 |338 |00:30:00 ~-~-> 00:30:06 |just blew 25 accounts, or I just had to reset 16 accounts, because every one of
518 |339 |00:30:06 ~-~-> 00:30:12 |them just got blew out. It kind of it kind of defeats the whole premise behind
519 |340 |00:30:12 ~-~-> 00:30:17 |what is it you're doing following them, except for just entertainment value. So
520 |341 |00:30:17 ~-~-> 00:30:23 |I'm trying not to be anything but straight nuts and bolts. This is what
521 |342 |00:30:23 ~-~-> 00:30:26 |you're supposed to be focusing on. But if I don't lay the groundwork initially
522 |343 |00:30:26 ~-~-> 00:30:31 |on the first discussion here, in the first 20 minutes or so, you won't know
523 |344 |00:30:31 ~-~-> 00:30:36 |what we're doing, and you'll just be watching for something and anticipating
524 |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
525 |346 |00:30:40 ~-~-> 00:30:44 |to be helpful to you. In fact, it'll probably be very frustrating for you,
526 |347 |00:30:44 ~-~-> 00:30:50 |and you'll either turn off and go watch the usual suspects on my t live
527 |348 |00:30:50 ~-~-> 00:30:55 |streaming, or you'll just walk away and you'll do nothing with and maybe you'll
528 |349 |00:30:55 ~-~-> 00:30:59 |come back to this live stream at a later time, but you'll still have this better,
529 |350 |00:30:59 ~-~-> 00:31:01 |better taste in your mouth, and you won't be willing to write down the
530 |351 |00:31:01 ~-~-> 00:31:06 |things I'm talking about and preparing yourself. You have to absolutely prepare
531 |352 |00:31:06 ~-~-> 00:31:11 |yourself to learn properly. And if you don't have that mindset going in,
532 |353 |00:31:11 ~-~-> 00:31:19 |everything you do, everything you focus on, will be the wrong things. They'll
533 |354 |00:31:19 ~-~-> 00:31:25 |they'll all be doing things that are, you know, moving towards consistently
534 |355 |00:31:26 ~-~-> 00:31:29 |profitable, that that's, that's the number one goal, whether it be learning
535 |356 |00:31:29 ~-~-> 00:31:36 |from me or learning from anyone else, it's, it's not a task that is outside
536 |357 |00:31:36 ~-~-> 00:31:41 |your grasp right now. It might be because you're brand new, but if you do
537 |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
538 |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
539 |360 |00:31:51 ~-~-> 00:31:56 |try to trade every single fluctuation in price. He doesn't try to do everything
540 |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
541 |362 |00:32:00 ~-~-> 00:32:09 |do they all dabble too much. And if you simply go through this simple question
542 |363 |00:32:09 ~-~-> 00:32:14 |and answer for yourself right now, are you someone now? If you're not paying
543 |364 |00:32:14 ~-~-> 00:32:21 |attention right now, you're distracted, you're going to miss it. But the type of
544 |365 |00:32:21 ~-~-> 00:32:24 |person you are right now, are you someone, if someone says to you,
545 |366 |00:32:26 ~-~-> 00:32:30 |I don't think this is possible, and it doesn't necessarily trading I don't
546 |367 |00:32:30 ~-~-> 00:32:34 |think this is possible, or I don't think that you can do that. Are you someone
547 |368 |00:32:34 ~-~-> 00:32:43 |that says they're probably right, or I'm going to show this person they're wrong,
548 |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
549 |370 |00:32:47 ~-~-> 00:32:51 |beyond what they thought. I said I was going to do, or I could do, and they
550 |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
551 |372 |00:32:55 ~-~-> 00:32:59 |going to divide you all as an audience, because either you're going to be
552 |373 |00:32:59 ~-~-> 00:33:04 |someone that's going to be influenced and held back by someone else's opinion
553 |374 |00:33:04 ~-~-> 00:33:10 |or suggestion on you, or maybe you've watched someone else receive criticism.
554 |375 |00:33:12 ~-~-> 00:33:16 |Okay, you've watched other people receive criticism, and then you somehow
555 |376 |00:33:16 ~-~-> 00:33:21 |latch on to that like it was told to you, and you feel emotional about it,
556 |377 |00:33:22 ~-~-> 00:33:25 |and you have a psychological response, and it was never directed to you, but
557 |378 |00:33:25 ~-~-> 00:33:34 |you personify it and personalize it to yourself. That's very telling. That is a
558 |379 |00:33:34 ~-~-> 00:33:39 |barrier for you as a trader. You may not realize it right now, but Friday, I'm
559 |380 |00:33:39 ~-~-> 00:33:44 |going to cover the contrast of all that you may not know the answers to these
560 |381 |00:33:44 ~-~-> 00:33:47 |things right now today, because you want to think about what I'm going to tell
561 |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
562 |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
563 |384 |00:33:55 ~-~-> 00:33:58 |this and do that. Chances are every male listening is probably going to be
564 |385 |00:33:58 ~-~-> 00:34:04 |wanting to do that. But in you, in honesty, all of you aren't really like
565 |386 |00:34:04 ~-~-> 00:34:08 |that. You're influenced by other people's opinion, and it makes you feel
566 |387 |00:34:09 ~-~-> 00:34:14 |unsure about yourself. It may be causing anxiety, it may feel embarrassment. You
567 |388 |00:34:14 ~-~-> 00:34:19 |may feel like you don't feel like you're going to do well because of someone
568 |389 |00:34:19 ~-~-> 00:34:29 |else's opinion about you or you have that spark, that inspiration, that,
569 |390 |00:34:31 ~-~-> 00:34:36 |well, kicking, uh, the hinder parts, if you will, to to now do something,
570 |391 |00:34:36 ~-~-> 00:34:40 |because it's a challenge that's been laid in your hands. It's like now, this
571 |392 |00:34:40 ~-~-> 00:34:44 |is what it's like for for me when I listen to other people when they say
572 |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,
573 |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
574 |395 |00:34:54 ~-~-> 00:34:59 |immediately, my mind immediately switches on. I'm in predator mode, like
575 |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
576 |397 |00:35:05 ~-~-> 00:35:09 |you're wrong and you're wrong here, and you were wrong here, and you were wrong
577 |398 |00:35:09 ~-~-> 00:35:14 |there, and you were wrong there, here, there, everywhere, and I want to bury
578 |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
579 |400 |00:35:20 ~-~-> 00:35:27 |interact with outside influences, and that stems from a childhood that I had
580 |401 |00:35:27 ~-~-> 00:35:30 |no control over the factors and environments that I was left in which
581 |402 |00:35:30 ~-~-> 00:35:35 |were dangerous and they were hostile. So as an adult now, I seek control all the
582 |403 |00:35:35 ~-~-> 00:35:40 |time. I am a control freak, everything in every aspect of my life. I have to
583 |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
584 |405 |00:35:43 ~-~-> 00:35:48 |interest in it. That's my pre that. That's my disposition, that's that's how
585 |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
586 |407 |00:35:54 ~-~-> 00:36:01 |very lethargic in terms of responding to things that are met as a challenge
587 |408 |00:36:01 ~-~-> 00:36:08 |towards you, and you may be using that very perception about the marketplace,
588 |409 |00:36:08 ~-~-> 00:36:12 |and that's your hindrance, that's the barrier that you have to if you have
589 |410 |00:36:12 ~-~-> 00:36:15 |that mentality, you're going to have to break through that. And it's not going
590 |411 |00:36:15 ~-~-> 00:36:21 |to be easy for you, because what you're seeing is most people fail doing this.
591 |412 |00:36:21 ~-~-> 00:36:25 |Most people are not consistent. Most people can't even determine where the
592 |413 |00:36:25 ~-~-> 00:36:30 |market's going to go, let alone get in it without having stopped out or managed
593 |414 |00:36:30 ~-~-> 00:36:34 |risk appropriately. That's the majority. That's the truth about this industry.
594 |415 |00:36:34 ~-~-> 00:36:41 |Very, very, very few people can do this consistently, and you know this, but
595 |416 |00:36:41 ~-~-> 00:36:44 |you're still willing to watch videos, you're still willing to try to practice
596 |417 |00:36:44 ~-~-> 00:36:49 |and and dabble, because you're waiting for some kind of magical thing occur
597 |418 |00:36:49 ~-~-> 00:36:54 |where it just it clicks for you with no real effort, with no real study, with no
598 |419 |00:36:54 ~-~-> 00:36:58 |real logging and journaling, you think it's just going to happen for you.
599 |420 |00:36:59 ~-~-> 00:37:07 |That's not realistic. So part of this mentorship will be using the the tools
600 |421 |00:37:07 ~-~-> 00:37:11 |and resources of journaling properly. But what is it you're supposed to be
601 |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
602 |423 |00:37:15 ~-~-> 00:37:19 |know where the market's going to go next, because you don't know bias, you
603 |424 |00:37:19 ~-~-> 00:37:23 |don't know profiling, you don't know, session characteristics, day of week,
604 |425 |00:37:23 ~-~-> 00:37:29 |characteristics, seasonal tendencies, all those things. I'm going to present
605 |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
606 |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
607 |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,
608 |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
609 |430 |00:37:51 ~-~-> 00:37:54 |there. You're you don't know you're doing right now. Go out there and watch
610 |431 |00:37:54 ~-~-> 00:37:59 |the one of the five minute trainer YouTubers. Okay? And you got four weeks
611 |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
612 |433 |00:38:03 ~-~-> 00:38:06 |that, I will give you $500,000 I will drive to your location and long journey
613 |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
614 |435 |00:38:10 ~-~-> 00:38:14 |you can live stream me, live stream me giving you a $500,000 bank check. Okay,
615 |436 |00:38:15 ~-~-> 00:38:18 |that stuff doesn't work, folks, you're gonna have to put some real effort into
616 |437 |00:38:18 ~-~-> 00:38:22 |it. You can't condense it. You can't reduce it down, okay? And a lot of
617 |438 |00:38:22 ~-~-> 00:38:25 |people don't realize what you what I just did. I just made a lot of those
618 |439 |00:38:25 ~-~-> 00:38:29 |guys mad, and now they're all going to really do the little micro mentorships.
619 |440 |00:38:29 ~-~-> 00:38:31 |And really what that does is going to bring more traction back to this
620 |441 |00:38:31 ~-~-> 00:38:36 |mentorship, because they're going to work for free. But anyway, see that
621 |442 |00:38:36 ~-~-> 00:38:40 |everything's predetermined. He's maniacal. He's a mastermind. He's
622 |443 |00:38:40 ~-~-> 00:38:47 |diabolical. Anyway, the very first step is for you to determine where you are
623 |444 |00:38:47 ~-~-> 00:38:52 |mentally and then determine, ahead of time, preparing yourself what
624 |445 |00:38:52 ~-~-> 00:38:56 |adversities are going to be in front of you. For the folks that are saying,
625 |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
626 |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
627 |448 |00:39:04 ~-~-> 00:39:07 |have confidence in yourself. But the problem is, is you're going to overstep
628 |449 |00:39:07 ~-~-> 00:39:11 |that and become overconfident, and then as soon as you're met with that first
629 |450 |00:39:11 ~-~-> 00:39:17 |adversity, it's going to really hold you down, and it's going to cause you to
630 |451 |00:39:17 ~-~-> 00:39:22 |second guess the next step of stepping out there in faith and determining what
631 |452 |00:39:22 ~-~-> 00:39:25 |it is that you're trying to do or practicing, and then what you end up
632 |453 |00:39:25 ~-~-> 00:39:29 |doing is the initial strength is, I'm strong, I'm confident, and no one's
633 |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
634 |455 |00:39:32 ~-~-> 00:39:35 |done it if they would just invited me to do it casually. But now, because they
635 |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
636 |457 |00:39:40 ~-~-> 00:39:44 |doing that, what you end up doing is you increase the level of adversity, the
637 |458 |00:39:44 ~-~-> 00:39:48 |difficulty. You put a time limit on it, which is the worst thing in the world to
638 |459 |00:39:48 ~-~-> 00:39:53 |do. You absolutely put a time limit on how fast you should learn how to do
639 |460 |00:39:53 ~-~-> 00:39:58 |something. As soon as someone starts telling you, I'm going to teach you how
640 |461 |00:39:58 ~-~-> 00:40:02 |to do ICT or anything else. In this number of days, absolutely, I promise
641 |462 |00:40:02 ~-~-> 00:40:11 |you, they are full of grade a manure. They're lying to you that's clicks for
642 |463 |00:40:11 ~-~-> 00:40:14 |money. They want you to either buy something they're going to upsell to you
643 |464 |00:40:14 ~-~-> 00:40:17 |later on, or they want you to keep watching their videos that are not going
644 |465 |00:40:17 ~-~-> 00:40:20 |to help you. They may be entertaining, but they're not going to supercharge
645 |466 |00:40:20 ~-~-> 00:40:24 |your understanding. They're not going to make you faster at learning it okay. The
646 |467 |00:40:24 ~-~-> 00:40:27 |only thing they're doing is trying to capitalize on a market that's huge right
647 |468 |00:40:27 ~-~-> 00:40:33 |now, which is Tiktok mentality. You know, 10 second, 15 second, 32nd time
648 |469 |00:40:33 ~-~-> 00:40:40 |span of attention span. And I have no patience for anyone. Zero patience for
649 |470 |00:40:40 ~-~-> 00:40:44 |anyone as a student that thinks like that, I broom them quickly. I get them
650 |471 |00:40:44 ~-~-> 00:40:48 |out of my face. I don't want to have any interaction with them, because you're
651 |472 |00:40:48 ~-~-> 00:40:53 |absolutely lazy. You're absolutely lazy. You want it easy, you want it real fast,
652 |473 |00:40:53 ~-~-> 00:40:57 |and you have unrealistic expectations. And anyone that has common sense will
653 |474 |00:40:57 ~-~-> 00:41:02 |tell you that that is someone that will not be successful period. End of story.
654 |475 |00:41:03 ~-~-> 00:41:06 |If you don't want to warm up the idea to have have do this properly and
655 |476 |00:41:06 ~-~-> 00:41:11 |understand really, understand, that's what mentorship is, understanding how
656 |477 |00:41:11 ~-~-> 00:41:15 |you're going to most likely interact with the marketplace, what's a
657 |478 |00:41:15 ~-~-> 00:41:21 |reasonable response to you, for you feeling this way or that way, should the
658 |479 |00:41:21 ~-~-> 00:41:26 |market produce an outcome that was either favorable or not favorable for
659 |480 |00:41:26 ~-~-> 00:41:29 |you? How are you going to interact with let's say, the first time you sit down,
660 |481 |00:41:29 ~-~-> 00:41:35 |you try to test something, and it takes off and runs like 150 handles in the
661 |482 |00:41:35 ~-~-> 00:41:42 |NASDAQ. What's that going to feel like for you? You're going to feel ecstatic,
662 |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
663 |484 |00:41:45 ~-~-> 00:41:51 |lot easier than I thought, and that's wrong. But see, that's the problem with
664 |485 |00:41:52 ~-~-> 00:41:56 |these 20 year olds that teach they want you to have the emotional stimuli,
665 |486 |00:41:57 ~-~-> 00:42:00 |because that emotional stimuli gives you a rush.
666 |487 |00:42:01 ~-~-> 00:42:08 |It's dopamine. It's it gives you that physical feel good butterfly moment that
667 |488 |00:42:08 ~-~-> 00:42:13 |does not last. It will not last. 10 minutes later, you're not buzzing by
668 |489 |00:42:13 ~-~-> 00:42:18 |that right call that you made, that demo trade that you made, or that you just
669 |490 |00:42:18 ~-~-> 00:42:23 |passed your combine. You all think that I gotta get my combine passed, and then
670 |491 |00:42:23 ~-~-> 00:42:27 |I can start trading an account where I can make profitable trades. So you're
671 |492 |00:42:27 ~-~-> 00:42:31 |willing to do everything and anything, just the gamble to get it passed. And
672 |493 |00:42:33 ~-~-> 00:42:37 |then once you get there, you think it's going to be easy, when it becomes
673 |494 |00:42:37 ~-~-> 00:42:43 |extremely, much more difficult, because now you don't want to lose that past
674 |495 |00:42:43 ~-~-> 00:42:48 |funded account, and every candlestick looks like a foreign language to you.
675 |496 |00:42:49 ~-~-> 00:42:53 |Even if you understand certain elements of reading price action, it will look
676 |497 |00:42:53 ~-~-> 00:42:58 |completely different. You won't feel comfortable pushing a button, because
677 |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
678 |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
679 |500 |00:43:06 ~-~-> 00:43:10 |want to get stopped out, but I gotta use a stop and see. What are you doing?
680 |501 |00:43:10 ~-~-> 00:43:15 |You're trying to protect yourself from a losing trade. Because that losing trade,
681 |502 |00:43:15 ~-~-> 00:43:22 |even if it's small in denomination, if it's small in amount of really, dollar
682 |503 |00:43:22 ~-~-> 00:43:30 |risk, the lasting impact in the depths of how far it digs into your backside.
683 |504 |00:43:32 ~-~-> 00:43:39 |It's monstrous because you're creating a demon. You're manifesting your worst
684 |505 |00:43:39 ~-~-> 00:43:43 |adversary because you didn't do everything that I'm suggesting as a
685 |506 |00:43:43 ~-~-> 00:43:48 |starting point right now, it prepares you for this. What do you think basic
686 |507 |00:43:48 ~-~-> 00:43:52 |training is for when people go to the military, it's to get the person
687 |508 |00:43:52 ~-~-> 00:43:59 |physically fit, to get them introduced to constant disruption, constant mental
688 |509 |00:43:59 ~-~-> 00:44:03 |fatigue, so that way they're not shell shocked and they get out on the
689 |510 |00:44:03 ~-~-> 00:44:10 |battlefield and freeze up. They're used to being treated like trash, worked out,
690 |511 |00:44:10 ~-~-> 00:44:16 |fatigued, run them, work them hard, talk down to them. There's no hope. There's
691 |512 |00:44:17 ~-~-> 00:44:21 |no hope while you're in basic training. Well, this is what this is like here.
692 |513 |00:44:21 ~-~-> 00:44:25 |This is basic training. I'm not going to sugarcoat it for you millennials. I'm
693 |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
694 |515 |00:44:28 ~-~-> 00:44:32 |hold you. Let me hold you close and coddle you. ICT has got you, baby. ICT
695 |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
696 |517 |00:44:35 ~-~-> 00:44:39 |to trade. You want to be consistently profitable. ICT is not going to be
697 |518 |00:44:39 ~-~-> 00:44:42 |rubbing your shoulders for you, okay, and powdering your ass when the market's
698 |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
699 |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
700 |521 |00:44:50 ~-~-> 00:44:56 |able to do this absolutely isolated. You have to be an island unto yourself when
701 |522 |00:44:56 ~-~-> 00:44:59 |everybody else is on social media saying they want to do one thing or the other.
702 |523 |00:45:00 ~-~-> 00:45:03 |And you look at your model saying, I don't see that. You got to be completely
703 |524 |00:45:03 ~-~-> 00:45:07 |comfortable with that, not for the basis of just simply being a contrarian alone,
704 |525 |00:45:08 ~-~-> 00:45:12 |but for the basis of, okay, I understand what I'm looking for. And this is just
705 |526 |00:45:13 ~-~-> 00:45:18 |further confirmation that the herd of sheep out there are expecting this. So I
706 |527 |00:45:18 ~-~-> 00:45:23 |know I have a lead pipe sense trade now, because every time Dick and Harry out
707 |528 |00:45:23 ~-~-> 00:45:28 |there is wanting the market to go to this level or this direction, and here I
708 |529 |00:45:28 ~-~-> 00:45:31 |am sitting confidently waiting for a setup that's completely diametrically
709 |530 |00:45:31 ~-~-> 00:45:37 |opposed to what they expect. That's one of the things that I take great comfort
710 |531 |00:45:37 ~-~-> 00:45:42 |in watching live streamers, because sometimes they get it right, and that's
711 |532 |00:45:42 ~-~-> 00:45:46 |fine. Most of the time they aren't. And the times that I'm looking for something
712 |533 |00:45:46 ~-~-> 00:45:50 |before I even start looking at their live stream, if it's opposed to what I'm
713 |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
714 |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
715 |536 |00:46:01 ~-~-> 00:46:05 |use the maximum leverage. Okay, so whatever my maximum leverage would be
716 |537 |00:46:05 ~-~-> 00:46:09 |for that individual asset class or that market, I would be comfortable doing
717 |538 |00:46:09 ~-~-> 00:46:13 |that. But initially, when you first want to do this, you want to be trading,
718 |539 |00:46:13 ~-~-> 00:46:18 |listen, folks, I know this is going to be unpopular, but you want to be trading
719 |540 |00:46:18 ~-~-> 00:46:26 |with a micro just because that funded account says I can trade five contracts
720 |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
721 |542 |00:46:35 ~-~-> 00:46:40 |mean this sincerely, and I'm not trying to be funny about it, but if you're
722 |543 |00:46:40 ~-~-> 00:46:49 |trading more than one contract of a micro with 3000 cushion, and you're not
723 |544 |00:46:49 ~-~-> 00:46:52 |consistently profitable, and you don't know what you're doing, you're
724 |545 |00:46:52 ~-~-> 00:46:59 |absolutely gambling. And gamblers don't last long. You can gamble. There's a lot
725 |546 |00:46:59 ~-~-> 00:47:02 |of people over the years with all these funded account companies, I've had
726 |547 |00:47:02 ~-~-> 00:47:07 |students that's done this too, paid mentorship, students that have gone
727 |548 |00:47:07 ~-~-> 00:47:13 |through it, they've passed combines. They got paid out, and then they lost
728 |549 |00:47:13 ~-~-> 00:47:17 |it, and then it completely undid them, and they can't get it back, and they
729 |550 |00:47:17 ~-~-> 00:47:21 |can't, you can't pass a another combine. What happened? The concept stopped
730 |551 |00:47:21 ~-~-> 00:47:28 |working. Did they change the algorithm? No. Now they have mental baggage. They
731 |552 |00:47:28 ~-~-> 00:47:33 |have scar tissue. And now the lessons I taught in those Twitter spaces over the
732 |553 |00:47:33 ~-~-> 00:47:38 |past couple years, and now I'm not on Twitter, the the depths of where I was
733 |554 |00:47:38 ~-~-> 00:47:43 |trying to take you. A lot of you haven't gone to those places yet in your
734 |555 |00:47:43 ~-~-> 00:47:47 |trading, so the lessons just went right over your head. It doesn't apply to me,
735 |556 |00:47:47 ~-~-> 00:47:52 |but for anyone that has actually tried to trade with real money or had a Live
736 |557 |00:47:52 ~-~-> 00:47:56 |account or a funded account, and has taken withdrawals from the marketplace
737 |558 |00:47:57 ~-~-> 00:48:02 |and then they lost it. Now, those Twitter spaces now, those talking
738 |559 |00:48:02 ~-~-> 00:48:05 |points, those lectures, like we're doing right here, they are much more
739 |560 |00:48:05 ~-~-> 00:48:10 |meaningful, and they're impactful, and they are helpful, but we have a
740 |561 |00:48:10 ~-~-> 00:48:13 |millennial that wants to go out here, and so Look, man, this guy's full of
741 |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
742 |563 |00:48:17 ~-~-> 00:48:20 |ain't pushing any buttons. How am I gonna learn from somebody like that? I
743 |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,
744 |565 |00:48:24 ~-~-> 00:48:30 |that's not you learning. That's how you grow codependent, and I don't want any
745 |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
746 |567 |00:48:34 ~-~-> 00:48:39 |is what I see potentially unfolding in the marketplace today. So I'm going to
747 |568 |00:48:39 ~-~-> 00:48:46 |build an idea on how the market may, in fact, set this up. And if I understand
748 |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
749 |570 |00:48:49 ~-~-> 00:48:52 |draw on liquidity, where's the market likely to go, you know, what are we
750 |571 |00:48:52 ~-~-> 00:48:58 |looking for in terms of potential expectations, and where the market could
751 |572 |00:48:58 ~-~-> 00:49:05 |trade to? And that could be something like this. We go to we have relative
752 |573 |00:49:05 ~-~-> 00:49:11 |equal highs right here, okay, very simple, smooth price level. The market's
753 |574 |00:49:11 ~-~-> 00:49:19 |gone down a lot, several 1000 handles. Okay, we had a huge gap new week,
754 |575 |00:49:19 ~-~-> 00:49:23 |opening gap here. So where we settled on Friday and where we opened on Sunday at
755 |576 |00:49:23 ~-~-> 00:49:30 |six o'clock last night, Eastern Time in the States, that new week opening gap,
756 |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
757 |578 |00:49:35 ~-~-> 00:49:40 |there. So where is the low hanging fruit? Objectives for just short term
758 |579 |00:49:40 ~-~-> 00:49:45 |bias. This is what I'm teaching you. Caleb, initially, I want you to think
759 |580 |00:49:45 ~-~-> 00:49:49 |about where the market could draw to right now, where it could go to next.
760 |581 |00:49:50 ~-~-> 00:49:56 |And what that does is it gives you something to focus on, and it also gives
761 |582 |00:49:56 ~-~-> 00:50:02 |you a way of measuring every. Jewel candles formation, and what your
762 |583 |00:50:02 ~-~-> 00:50:07 |expectation is as it's forming, and what the next candles should do, and how they
763 |584 |00:50:07 ~-~-> 00:50:14 |behave, and what it feels like for you when you do this. Because whether you
764 |585 |00:50:14 ~-~-> 00:50:19 |want to admit it or not when you're first starting, the majority of your
765 |586 |00:50:19 ~-~-> 00:50:25 |time is going to be spent in uncertainty, in times of confusion. It's
766 |587 |00:50:25 ~-~-> 00:50:36 |going to be fearful. It's going to be well, it's going to feel very anxious.
767 |588 |00:50:37 ~-~-> 00:50:43 |You'll feel anxious. You may even start feeling body symptoms of tinglingness,
768 |589 |00:50:43 ~-~-> 00:50:47 |lightheadedness, feel like you're going to get sick, and you may still only be
769 |590 |00:50:47 ~-~-> 00:50:52 |in a demo, because what you're doing is you're elevating the outcome to a level
770 |591 |00:50:52 ~-~-> 00:50:58 |that is not expected. You don't need to put that much pressure on you. In fact,
771 |592 |00:50:58 ~-~-> 00:51:01 |if that's how you're thinking, it's normal for you to feel that when you
772 |593 |00:51:01 ~-~-> 00:51:04 |first start trading, when the real trading with a real account. That's a
773 |594 |00:51:04 ~-~-> 00:51:09 |normal thing, but there's no way around it. There's no way around that first
774 |595 |00:51:09 ~-~-> 00:51:14 |trade with real money. That fear and that anxiety is something you just have
775 |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
776 |597 |00:51:18 ~-~-> 00:51:22 |thing you should do is flip a quarter lowest leverage. If it's tails, you buy
777 |598 |00:51:22 ~-~-> 00:51:26 |it. If it's heads, you sell short, or vice versa. And do the smallest leverage
778 |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
779 |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
780 |601 |00:51:36 ~-~-> 00:51:41 |your first trade to be a winner, because you think it's a jinx, okay, it's
781 |602 |00:51:41 ~-~-> 00:51:46 |somehow an invitation for failure. If your first trade with your real account
782 |603 |00:51:46 ~-~-> 00:51:51 |loses money like that somehow defines your entire career. It doesn't. It's
783 |604 |00:51:51 ~-~-> 00:51:57 |just one transaction, but the way you overcome that is spending time without
784 |605 |00:51:57 ~-~-> 00:52:02 |pushing a button, studying where price can go. And that's this, we have
785 |606 |00:52:04 ~-~-> 00:52:12 |this short term high here post 830 meaning after we had 830 right here we
786 |607 |00:52:12 ~-~-> 00:52:18 |have 836 so the market went below these relative equal lows. So any liquidity
787 |608 |00:52:18 ~-~-> 00:52:21 |below that, they disrupted that, and then took it above this short term high,
788 |609 |00:52:21 ~-~-> 00:52:25 |took it above this short term high, and traded right inside this fair value got
789 |610 |00:52:25 ~-~-> 00:52:30 |right there. So when you're watching price Caleb, you're looking for how the
790 |611 |00:52:30 ~-~-> 00:52:42 |market maneuvers and trades and books between obvious price levels with old
791 |612 |00:52:42 ~-~-> 00:52:53 |highs, old lows, and inefficiencies. They're the only two things you're
792 |613 |00:52:53 ~-~-> 00:52:57 |worried about. You're not trying to predict a direction on the day. You're
793 |614 |00:52:57 ~-~-> 00:53:03 |not trying to be right about 50 handle runs. You're just studying, observing,
794 |615 |00:53:04 ~-~-> 00:53:10 |okay, this down closed candle here, after taking out the liquidity, and then
795 |616 |00:53:10 ~-~-> 00:53:19 |we have displacement here. Displacement is where the market runs against a pre
796 |617 |00:53:19 ~-~-> 00:53:27 |session, pre day, pre trend or price swing. Direction. In other words, it's a
797 |618 |00:53:27 ~-~-> 00:53:31 |counter move to what's already been in play. So the market has dropped here,
798 |619 |00:53:31 ~-~-> 00:53:37 |and then we moved aggressively above the short term high. This high being traded
799 |620 |00:53:37 ~-~-> 00:53:41 |above. There we go back down to this down closed candle. That down closed
800 |621 |00:53:41 ~-~-> 00:53:46 |candle is a order block. We have displacement. It took liquidity and the
801 |622 |00:53:46 ~-~-> 00:53:50 |market has been one directional. Now, what makes that an order block
802 |623 |00:53:51 ~-~-> 00:53:55 |specifically is that is has happened post 830 now it could have formed great
803 |624 |00:53:55 ~-~-> 00:54:02 |at 830 because 830 the algorithm will start spooling for liquidity or
804 |625 |00:54:02 ~-~-> 00:54:06 |inefficiencies, one or the other. Now, in the beginning, you're going to want
805 |626 |00:54:06 ~-~-> 00:54:09 |to know, because you're probably asking right now, can you just tell us what
806 |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
807 |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
808 |629 |00:54:18 ~-~-> 00:54:26 |both. Does that complicated? No. Now, to further strip away the complication
809 |630 |00:54:26 ~-~-> 00:54:29 |you're adding to it right now, you're bringing all these things. But what if
810 |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
811 |632 |00:54:34 ~-~-> 00:54:37 |I say anything about those things that you're thinking right now? No, they're
812 |633 |00:54:37 ~-~-> 00:54:45 |not important. The only thing we're doing is we're sitting down at a time, a
813 |634 |00:54:45 ~-~-> 00:54:51 |time when the market is predisposed. That means it's most likely going to do
814 |635 |00:54:51 ~-~-> 00:54:59 |this, and it will do it, unless some unexpected event where manual and.
815 |636 |00:55:00 ~-~-> 00:55:04 |Intervention steps in, and you don't know, and I don't know when that's going
816 |637 |00:55:04 ~-~-> 00:55:09 |to happen. What does it look like when the market just starts going, it starts
817 |638 |00:55:09 ~-~-> 00:55:14 |going one direction, and it doesn't stop. It doesn't go up a little bit,
818 |639 |00:55:14 ~-~-> 00:55:18 |come back with it up a little bit, come back. That's, that's market standard
819 |640 |00:55:18 ~-~-> 00:55:29 |delivery intervention is, think like FOMC, think like CPI, think like Non
820 |641 |00:55:29 ~-~-> 00:55:37 |Farm Payroll, where if you're wrong, if you're offside, right when it hits the
821 |642 |00:55:37 ~-~-> 00:55:43 |market, you're dead. That's what manual intervention looks like. There are many
822 |643 |00:55:43 ~-~-> 00:55:52 |times untradable. It takes off so fast you you reasonably, no, not reasonably,
823 |644 |00:55:52 ~-~-> 00:55:55 |you're it's unreasonable for you to assume that you can trade that once it
824 |645 |00:55:55 ~-~-> 00:56:01 |starts, because you're literally chasing the wind and you're never going to catch
825 |646 |00:56:01 ~-~-> 00:56:08 |it, you're just going to frustrate yourself and get placed very poorly, and
826 |647 |00:56:08 ~-~-> 00:56:12 |you're going to be in a trade that's going to be highly anxious and
827 |648 |00:56:12 ~-~-> 00:56:19 |stressful, and it that's not trading. That's gambling. Okay? So when we look
828 |649 |00:56:19 ~-~-> 00:56:23 |at individuals setups like this. You want to sit down in front of the
829 |650 |00:56:23 ~-~-> 00:56:28 |marketplace right before 830 Okay, preferably eight o'clock, and you want
830 |651 |00:56:28 ~-~-> 00:56:33 |to look at where the highs and the lows are in deference to the one minute chart
831 |652 |00:56:33 ~-~-> 00:56:36 |in the 15 minute time frame. So I'm gonna change this chart over here to 15.
832 |653 |00:56:37 ~-~-> 00:56:42 |So here's what 15 minute looks like here. And if you look at where we came
833 |654 |00:56:42 ~-~-> 00:56:47 |from, see this high at seven o'clock in the morning. That's this high right
834 |655 |00:56:47 ~-~-> 00:56:52 |there. See it on the right chart. So this chart, this larger chart here is
835 |656 |00:56:52 ~-~-> 00:56:58 |the one minute, and this is the 15 minute time frame, 15, five, one minute.
836 |657 |00:56:59 ~-~-> 00:57:03 |Those are your first three time frames to worry about. Okay? And I shouldn't
837 |658 |00:57:03 ~-~-> 00:57:06 |say worry, because it's kind of like gives you a subconscious concern that
838 |659 |00:57:06 ~-~-> 00:57:10 |you need to worry about it. You don't need to worry about it, but the levels
839 |660 |00:57:10 ~-~-> 00:57:15 |and inefficiencies on the 15 minute time frame, the five minute time frame and
840 |661 |00:57:16 ~-~-> 00:57:20 |the one minute time frame, if you're brand new, you don't know how to trade.
841 |662 |00:57:20 ~-~-> 00:57:23 |ICT. You don't have a trade price action. You don't have trade period,
842 |663 |00:57:23 ~-~-> 00:57:27 |okay? You don't need any other time frame, okay, you don't need anything
843 |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
844 |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
845 |666 |00:57:34 ~-~-> 00:57:38 |second chart. You don't need anything below a one minute chart. You don't need
846 |667 |00:57:38 ~-~-> 00:57:43 |anything else to do what I'm going to teach you. Okay, this is what you're
847 |668 |00:57:43 ~-~-> 00:57:47 |doing. You're studying price at specific times of the day. If you're not writing
848 |669 |00:57:47 ~-~-> 00:57:52 |this part down, you're blowing it already. So between eight o'clock and
849 |670 |00:57:52 ~-~-> 00:57:58 |830 in the morning, New York local time or eastern standard time in the US,
850 |671 |00:57:59 ~-~-> 00:58:05 |everything I mentioned in terms of time, if it's the time that matches New York
851 |672 |00:58:05 ~-~-> 00:58:10 |local time. So set a clock. If you have your smartphone, there's a way that you
852 |673 |00:58:10 ~-~-> 00:58:15 |can pull up world time and put one in there for New York, and you'll always
853 |674 |00:58:15 ~-~-> 00:58:20 |know what time ICT is saying to look for these things to happen, because they're
854 |675 |00:58:20 ~-~-> 00:58:27 |never going to not be there. Write that down again, okay, and underline it. This
855 |676 |00:58:27 ~-~-> 00:58:32 |is always, absolutely without fail. It's never not going to do it. It's always
856 |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.
857 |678 |00:58:37 ~-~-> 00:58:43 |It's going to absolutely do it, because there is an algorithm, and it does this
858 |679 |00:58:43 ~-~-> 00:58:50 |to spur on emotional interest or tangible orders that are actually
859 |680 |00:58:50 ~-~-> 00:58:55 |sitting out there, real orders that are sitting above and below or inside of
860 |681 |00:58:55 ~-~-> 00:59:01 |inefficiencies where the market needs to offer fair value to the marketplace. So
861 |682 |00:59:01 ~-~-> 00:59:04 |what is it reaching for? It's reaching for old highs, old lows and
862 |683 |00:59:04 ~-~-> 00:59:11 |inefficiencies. That's the fair value gap. Sippy but busy that thing. So once
863 |684 |00:59:11 ~-~-> 00:59:15 |we know that the market is likely to do these things, that's a characteristic.
864 |685 |00:59:16 ~-~-> 00:59:23 |It's an algorithmic characteristic. You don't need anything else besides this
865 |686 |00:59:23 ~-~-> 00:59:30 |element as the foundation to what you're trying to trade, and you can make all
866 |687 |00:59:30 ~-~-> 00:59:35 |the money you'd ever want. I'm going to say that again. Case you missed it,
867 |688 |00:59:36 ~-~-> 00:59:39 |you're trying to find right now. You want the daily bias, and you want to be
868 |689 |00:59:39 ~-~-> 00:59:44 |able to buy below the open and hold for the whole entire day. But are you really
869 |690 |00:59:44 ~-~-> 00:59:47 |doing those things when you try to trade? No, as soon as you get 10 handles
870 |691 |00:59:48 ~-~-> 00:59:52 |or 10 pips or whatever, you start struggling with holding on to the trade.
871 |692 |00:59:53 ~-~-> 00:59:58 |You're paranoid that that winning trade, you just found out, just fell into your
872 |693 |00:59:58 ~-~-> 01:00:02 |lap. Oh my goodness. Is, I'm winning. This is, this is something new. I need
873 |694 |01:00:02 ~-~-> 01:00:06 |to secure this. But then you're, you're thinking, oh, wait a minute, let's just
874 |695 |01:00:06 ~-~-> 01:00:10 |be holding for the daily range. And then you're wrestling, and that becomes a
875 |696 |01:00:10 ~-~-> 01:00:15 |real hard wrestling match, doesn't it? It makes you feel nauseous. And if
876 |697 |01:00:15 ~-~-> 01:00:18 |anybody tries to talk to you, even if they love you, your spouse, your
877 |698 |01:00:18 ~-~-> 01:00:22 |girlfriend, your boyfriend, your child, your dog comes over and nuzzles up next
878 |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
879 |700 |01:00:26 ~-~-> 01:00:32 |see? I'm trying to worry about this. 10 PIP handles move. The weight of the
880 |701 |01:00:32 ~-~-> 01:00:38 |world is on my shoulders right now, and you're coming at me with this. You know
881 |702 |01:00:38 ~-~-> 01:00:43 |what it means? You're stressing out. Why? Why would you have that response?
882 |703 |01:00:43 ~-~-> 01:00:49 |Folks listening to headphones like, Oh, me, this guy, you're awake now, aren't
883 |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
884 |705 |01:00:54 ~-~-> 01:00:59 |never been there, you'll feel it. But the reason why you feel that is because
885 |706 |01:00:59 ~-~-> 01:01:06 |you don't know what you're doing. You haven't done this part long enough where
886 |707 |01:01:06 ~-~-> 01:01:12 |you're completely desensitized to okay, I'm doing this exercise to get
887 |708 |01:01:12 ~-~-> 01:01:17 |comfortable with anticipating price moves. I'm getting comfortable with not
888 |709 |01:01:17 ~-~-> 01:01:21 |knowing what it's going to do next candle, this candle, five candles from
889 |710 |01:01:21 ~-~-> 01:01:31 |now, but I think it's going to draw to specific price levels. So if it clears
890 |711 |01:01:31 ~-~-> 01:01:34 |that short term, let we talked about, what's it going to reach into? We have
891 |712 |01:01:34 ~-~-> 01:01:43 |this inefficiency here. How long does it take to do that? And then you record,
892 |713 |01:01:43 ~-~-> 01:01:47 |you screenshot this, and you say, Okay, well, it took 123456,
893 |714 |01:01:50 ~-~-> 01:01:57 |candles from this volume imbalance to run above this short term high and get
894 |715 |01:01:57 ~-~-> 01:02:02 |into this city, which is a sell side, imbalanced by sudden efficiency, a fair
895 |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
896 |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
897 |718 |01:02:15 ~-~-> 01:02:20 |is you're measuring because you have zero baseline experience. You have no
898 |719 |01:02:20 ~-~-> 01:02:24 |continuity and what is your reaching for, looking for in price action. And
899 |720 |01:02:24 ~-~-> 01:02:29 |you study how long it took, and you record that many, this many minutes. And
900 |721 |01:02:29 ~-~-> 01:02:33 |you also are honestly going to record in your journal, within the screenshot,
901 |722 |01:02:33 ~-~-> 01:02:36 |like, like, maybe over here, or somewhere over here, you're going to
902 |723 |01:02:36 ~-~-> 01:02:44 |record what it felt for you, physically. Were you anxious? Did you second guess
903 |724 |01:02:44 ~-~-> 01:02:49 |that it was going to run there? Did you feel excited the entire time? Were you
904 |725 |01:02:49 ~-~-> 01:02:53 |impatient that you thought it should have moved there sooner and faster? Did
905 |726 |01:02:53 ~-~-> 01:02:59 |certain candle formations cause you to, you know, doubt it. Did you have a point
906 |727 |01:02:59 ~-~-> 01:03:04 |at which you thought that it was given another opportunity to trade to or not
907 |728 |01:03:04 ~-~-> 01:03:07 |trade to but offer another entry, like, say, for instance, if you want a
908 |729 |01:03:07 ~-~-> 01:03:11 |pyramid, pyramiding should not be part of your repertoire yet. That's something
909 |730 |01:03:11 ~-~-> 01:03:16 |that you need to be doing maybe a year after trading with one contract. Oh,
910 |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.
911 |732 |01:03:21 ~-~-> 01:03:25 |There's all kinds of time and opportunity for pyramided trades, but
912 |733 |01:03:25 ~-~-> 01:03:30 |you first have to get good at trading with one micro contract, one micro
913 |734 |01:03:30 ~-~-> 01:03:36 |contract, because what that does is it removes, hopefully, this is the only
914 |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
915 |736 |01:03:45 ~-~-> 01:03:51 |you trade with one micro and you only take one trade a day, you can there.
916 |737 |01:03:51 ~-~-> 01:03:55 |It's physically impossible for you to go out there on day one and blow the
917 |738 |01:03:55 ~-~-> 01:03:59 |account, because, see, that's what your your subconscious is fearful of. I don't
918 |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
919 |740 |01:04:03 ~-~-> 01:04:08 |to go into big draw down. Okay, that's easy. Don't overlever your account, and
920 |741 |01:04:08 ~-~-> 01:04:13 |don't take more than one trade today. But ICT. But ICT, nothing. If you want
921 |742 |01:04:13 ~-~-> 01:04:19 |to be able to do it correctly, you have to do things with a process. There has
922 |743 |01:04:19 ~-~-> 01:04:25 |to be a logic behind it. There has to be some measure of rule based thinking, and
923 |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
924 |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.
925 |746 |01:04:34 ~-~-> 01:04:37 |You're going to blame everybody else. You're going to blame the the prop firm.
926 |747 |01:04:37 ~-~-> 01:04:40 |You're going to blame the brokerage firm. You're going to blame everything.
927 |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
928 |749 |01:04:46 ~-~-> 01:04:52 |same thing numerous times. I have students that repeat the same thing.
929 |750 |01:04:52 ~-~-> 01:04:57 |They send me hate mail years ago. Oh, you, you didn't teach me, right? This
930 |751 |01:04:57 ~-~-> 01:05:01 |blah, blah, blah, and then later on, they went. Do it properly, and then they
931 |752 |01:05:01 ~-~-> 01:05:05 |send me emails apologizing. It was a mistake on my part. ICT, I didn't
932 |753 |01:05:05 ~-~-> 01:05:08 |listen. I went back and re listened to it all, and I made all the mistakes you
933 |754 |01:05:08 ~-~-> 01:05:11 |said I was going to make if I didn't listen, and just plunged ahead and did
934 |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
935 |756 |01:05:15 ~-~-> 01:05:23 |expecting in terms of a properly mindset student that follows the rules and
936 |757 |01:05:23 ~-~-> 01:05:26 |accepts the the diversities initially that are normal. They're all normal
937 |758 |01:05:26 ~-~-> 01:05:31 |growing pains. But see, you're trying to be the exception. You don't want it to
938 |759 |01:05:31 ~-~-> 01:05:35 |happen to you. You think it's going to be candy bars and milkshakes and just
939 |760 |01:05:35 ~-~-> 01:05:38 |everything's sweet and lovely, and butterflies are going to come land on
940 |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
941 |762 |01:05:45 ~-~-> 01:05:53 |button, you're asking the shark to take a leg off. You're asking that lion to
942 |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
943 |764 |01:06:00 ~-~-> 01:06:05 |these markets, you've entered the jungle, you've entered the deep waters.
944 |765 |01:06:06 ~-~-> 01:06:10 |And honey, Everybody's hungry, and if you offer it up on a silver platter,
945 |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
946 |767 |01:06:16 ~-~-> 01:06:23 |that's the, that's the the currency here, yours are mine, mine are yours.
947 |768 |01:06:24 ~-~-> 01:06:29 |That's it. It doesn't matter how anybody else trades. It's are you liquidity?
948 |769 |01:06:29 ~-~-> 01:06:40 |Right now? Are you liquidity? Because if you're liquidity, your lunch. I go in
949 |770 |01:06:40 ~-~-> 01:06:43 |and I'm looking for lunch. I'm looking for the liquidity. I'm looking for
950 |771 |01:06:43 ~-~-> 01:06:49 |reasons why the market will trade to this level, why it could potentially
951 |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
952 |773 |01:06:54 ~-~-> 01:07:02 |on liquidity. Draw on liquidity is just a initial reasonable assumption on our
953 |774 |01:07:02 ~-~-> 01:07:08 |part to determine a directional move that could unfold. It does not mean and
954 |775 |01:07:08 ~-~-> 01:07:14 |it does not define the absolute Terminus to a price run or the be all, end all
955 |776 |01:07:14 ~-~-> 01:07:22 |target in planar terms, the market's probably going to keep moving until it
956 |777 |01:07:22 ~-~-> 01:07:25 |gets to this level. It doesn't mean that it can't have retracements lower. It
957 |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,
958 |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
959 |780 |01:07:35 ~-~-> 01:07:38 |these markets, when you're first trying to determine where the market's likely
960 |781 |01:07:38 ~-~-> 01:07:43 |to go, you have to strip away everything that you're trying to force into
961 |782 |01:07:44 ~-~-> 01:07:48 |reading, every single individual candlestick. And if you watch a lot of
962 |783 |01:07:48 ~-~-> 01:07:51 |my videos, or if you have a lot of notes, or you've dabbled in things,
963 |784 |01:07:52 ~-~-> 01:07:56 |chances are you probably already have a pet technique that you want to be yours,
964 |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
965 |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
966 |787 |01:08:03 ~-~-> 01:08:08 |private mentorship, they're like, oh, man, I that's going to be my thing.
967 |788 |01:08:08 ~-~-> 01:08:12 |That's going to that's going to be it for me, you know, or event horizon,
968 |789 |01:08:12 ~-~-> 01:08:17 |which is the midpoint between two, two, new week opening gaps, or new date
969 |790 |01:08:17 ~-~-> 01:08:24 |opening gaps. And because of the names, okay, these names are meaningful to me.
970 |791 |01:08:25 ~-~-> 01:08:30 |They're not meant to inspire you to want to do them over another. It's just
971 |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
972 |793 |01:08:35 ~-~-> 01:08:42 |keep track of what its purpose was, and or it kind of puts a little stamp of
973 |794 |01:08:42 ~-~-> 01:08:47 |when I discovered it, and something had a impact on me, and it was a cool name
974 |795 |01:08:47 ~-~-> 01:08:54 |or inspiration to it. So when we're looking at price as you as a brand new
975 |796 |01:08:54 ~-~-> 01:08:58 |student, not knowing what to do, you want to make this kind of like a game
976 |797 |01:08:59 ~-~-> 01:09:06 |and a discovery, something fun, not a video game, okay, but it's a game of
977 |798 |01:09:06 ~-~-> 01:09:14 |determining. Does it have what it takes to move to these highs? Here a way of
978 |799 |01:09:14 ~-~-> 01:09:19 |saying it to yourself that's very disarming. It's okay. I see how this is
979 |800 |01:09:19 ~-~-> 01:09:25 |smooth. These two highs are relatively equal. That looks like a real nice,
980 |801 |01:09:25 ~-~-> 01:09:34 |obvious flat space in price. We don't see that same flatness down here. You
981 |802 |01:09:34 ~-~-> 01:09:39 |see that. So in other words, if you had a shark, if you had two sharks, rather,
982 |803 |01:09:40 ~-~-> 01:09:46 |you have two sharks in front of you. One has had its teeth removed. Well, that
983 |804 |01:09:48 ~-~-> 01:09:51 |would be represented something like this. This is the shark with no teeth.
984 |805 |01:09:51 ~-~-> 01:09:57 |It's basically got gums. Okay? There's no teeth there. Down here, there has
985 |806 |01:09:57 ~-~-> 01:10:00 |been a shark attack. How do we know that? Because we can see the wound. Was
986 |807 |01:10:00 ~-~-> 01:10:06 |from the teeth, the jaggedness, the jaggedness, the jaggedness, and now it's
987 |808 |01:10:06 ~-~-> 01:10:10 |going to another free, to another frenzy or feeding. Where is that? Well, we've
988 |809 |01:10:10 ~-~-> 01:10:15 |just created one. We have this high here that's really close to this one. You see
989 |810 |01:10:15 ~-~-> 01:10:23 |that. So you observe price action, and you're looking for areas that look real
990 |811 |01:10:23 ~-~-> 01:10:28 |smooth and safe, where they say peace and safety, sudden destruction comes
991 |812 |01:10:28 ~-~-> 01:10:33 |upon them anytime that you're looking at price action. And it doesn't matter what
992 |813 |01:10:33 ~-~-> 01:10:37 |time frame you're looking at, okay, if you're looking at it through the lens of
993 |814 |01:10:37 ~-~-> 01:10:43 |a second chart, sub, sub one minute, or a weekly chart, or a monthly chart, or a
994 |815 |01:10:43 ~-~-> 01:10:46 |quarterly chart, where it's three months of data compressed in to make the
995 |816 |01:10:46 ~-~-> 01:10:53 |candlesticks. It does not matter. This principle is always true. The market
996 |817 |01:10:53 ~-~-> 01:11:00 |will go to an area of smoothness for the purpose of disrupting any orders that
997 |818 |01:11:00 ~-~-> 01:11:07 |would be resting above or below it we've already mentioned down here show you.
998 |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
999 |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
1000 |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
1001 |822 |01:11:30 ~-~-> 01:11:35 |have, obviously the benefit of hindsight initially, but you don't want to stay in
1002 |823 |01:11:35 ~-~-> 01:11:40 |that very long, so you're going to have to procure yourself Some instruments
1003 |824 |01:11:40 ~-~-> 01:11:45 |that allow you to watch price action, not with Market Replay.
1004 |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
1005 |826 |01:11:52 ~-~-> 01:11:56 |stand it, and I wish it wasn't available. That's that I wish it wasn't
1006 |827 |01:11:56 ~-~-> 01:12:03 |even available to anyone else, because it's a crutch that allows frauds to be
1007 |828 |01:12:03 ~-~-> 01:12:07 |able to sound like they're smart and teach something because it's already
1008 |829 |01:12:07 ~-~-> 01:12:16 |happened. If you can do it over live price action, not just once in a while,
1009 |830 |01:12:16 ~-~-> 01:12:23 |but continuously, and your audience or viewership can see this, then you have
1010 |831 |01:12:23 ~-~-> 01:12:27 |earned the right to have a voice, and then people should have no problems
1011 |832 |01:12:27 ~-~-> 01:12:30 |sitting and listening to you lecture and talk about what you think is likely to
1012 |833 |01:12:30 ~-~-> 01:12:35 |occur, because you have a sound basis or foundation to what what it is that
1013 |834 |01:12:35 ~-~-> 01:12:38 |you're talking about. Therefore, because you have a track record of being able to
1014 |835 |01:12:38 ~-~-> 01:12:44 |talk about before it happens, it removes the anxiety that is reasonable for
1015 |836 |01:12:44 ~-~-> 01:12:46 |everyone to have when they first sit down Listen, but when you as the
1016 |837 |01:12:46 ~-~-> 01:12:49 |student, and you don't have the ability to watch it live, because you have a
1017 |838 |01:12:49 ~-~-> 01:12:56 |job, or you're in university, or you sleep like you have to sleep, right, and
1018 |839 |01:12:56 ~-~-> 01:13:03 |your place In the world and your general geographic location may not be conducive
1019 |840 |01:13:03 ~-~-> 01:13:07 |for you to trade at 830 tomorrow in New York, local time, you may have to trade
1020 |841 |01:13:07 ~-~-> 01:13:13 |in the London session. And yes, Virginia, I will be up during the London
1021 |842 |01:13:13 ~-~-> 01:13:16 |session doing one of these, or two of these lectures in a week or two. Okay,
1022 |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
1023 |844 |01:13:21 ~-~-> 01:13:24 |back to that section where I was telling you, write down the times of the day in
1024 |845 |01:13:24 ~-~-> 01:13:28 |a moment. But when we're looking at initially, you don't have to see this
1025 |846 |01:13:28 ~-~-> 01:13:37 |real time to get a collection of screenshots for your journal. But if you
1026 |847 |01:13:37 ~-~-> 01:13:42 |don't do this and journal and screenshot and annotate your chart and study how
1027 |848 |01:13:42 ~-~-> 01:13:47 |long price runs took place. How many candles did it take to move there? Was
1028 |849 |01:13:47 ~-~-> 01:13:55 |there any kind of formation in the price delivery that would have caused you to
1029 |850 |01:13:55 ~-~-> 01:13:59 |not trust it unfolding? Now that's going to be very hard for you to do, because
1030 |851 |01:13:59 ~-~-> 01:14:02 |initially, especially the men, they're always going to say, No, I would have
1031 |852 |01:14:02 ~-~-> 01:14:05 |never second guessed it. It would have it would have been easy for me to hold
1032 |853 |01:14:05 ~-~-> 01:14:08 |on to that. And the same people, when they get into a trade, if they ever were
1033 |854 |01:14:08 ~-~-> 01:14:12 |to do it in front of you, they don't have any conviction, and they're going
1034 |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
1035 |856 |01:14:15 ~-~-> 01:14:20 |pressure. It's moved five handles, but they call 30 handles or 50 handles above
1036 |857 |01:14:20 ~-~-> 01:14:25 |or below, and they get out of five hands because the pressure of it not doing
1037 |858 |01:14:26 ~-~-> 01:14:30 |what they expected to do, and then realizing a loss in front of someone
1038 |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
1039 |860 |01:14:35 ~-~-> 01:14:39 |more important their image, or them following a model that they have seen
1040 |861 |01:14:39 ~-~-> 01:14:42 |works and have trusted and did the back testing, and they had the data behind
1041 |862 |01:14:42 ~-~-> 01:14:47 |it, their image, and that's not someone you should learn from. Okay, I'm just
1042 |863 |01:14:47 ~-~-> 01:14:54 |tossing that out there. So what we're looking for always, the first thing that
1043 |864 |01:14:54 ~-~-> 01:15:02 |you're looking for, Caleb, is, where is the market? Smooth. On the 15, the five
1044 |865 |01:15:02 ~-~-> 01:15:07 |and the one minute chart. Is that complicated? Nope, it's not complicated
1045 |866 |01:15:07 ~-~-> 01:15:12 |at all. It's real simple. What does it look like to be smooth? Well, when you
1046 |867 |01:15:12 ~-~-> 01:15:17 |have price levels that create highs, like this swing high here and this swing
1047 |868 |01:15:17 ~-~-> 01:15:23 |high here, they're real close to one another. See that when you're looking
1048 |869 |01:15:23 ~-~-> 01:15:28 |for relative equal highs, here's your secret weapon for it, okay, how do you
1049 |870 |01:15:28 ~-~-> 01:15:33 |know it's a high probability, relative equal high that's likely to get swept or
1050 |871 |01:15:33 ~-~-> 01:15:38 |traded through? How do you know that? ICT, what differentiates that from any
1051 |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
1052 |873 |01:15:44 ~-~-> 01:15:47 |slightly higher than the right, you have a very, very high probability that
1053 |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
1054 |875 |01:15:52 ~-~-> 01:15:56 |high and then the swing here happens to be just a little bit lower than that.
1055 |876 |01:15:56 ~-~-> 01:16:02 |Here's what's going on. This is called priming. Okay? Priming is where you
1056 |877 |01:16:02 ~-~-> 01:16:13 |continuously create, inspire or manipulate the expectations of a large
1057 |878 |01:16:13 ~-~-> 01:16:17 |number of investors, and they think, oh, it's going to go through that high but
1058 |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
1059 |880 |01:16:20 ~-~-> 01:16:26 |went short. So when the market goes up here and stops and turns down, what that
1060 |881 |01:16:26 ~-~-> 01:16:33 |does is it creates a sympathetic sigh. The shorts are relaxing. If the shorts
1061 |882 |01:16:33 ~-~-> 01:16:36 |are relaxing, what are they saying? They're saying that this is now what
1062 |883 |01:16:36 ~-~-> 01:16:42 |resistance. So anyone that takes a new short position, where are they going to
1063 |884 |01:16:42 ~-~-> 01:16:46 |think that the safest place to put their stop loss is going to be right above
1064 |885 |01:16:46 ~-~-> 01:16:52 |these highs? Why can we trust that they're likely to take that relative
1065 |886 |01:16:52 ~-~-> 01:16:57 |equal high out? Not that it will that session that you're trading, but it's
1066 |887 |01:16:57 ~-~-> 01:17:02 |high probability that this will be swept when the second or the one to the right
1067 |888 |01:17:02 ~-~-> 01:17:06 |that swing high is lower than the one to the left, that frames these two as
1068 |889 |01:17:06 ~-~-> 01:17:12 |relatively equal. Okay, same thing is occurring. Here. We have this high here,
1069 |890 |01:17:12 ~-~-> 01:17:16 |this high here, this one being slightly lower than that one. So when the market
1070 |891 |01:17:16 ~-~-> 01:17:20 |went up like this and we had this drop down, what that causes is a sympathetic
1071 |892 |01:17:20 ~-~-> 01:17:26 |sigh. I What Is that causing people? Anyone that went short here, they feel
1072 |893 |01:17:26 ~-~-> 01:17:31 |like, okay, that's scary, because it almost went that high where their stop
1073 |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
1074 |895 |01:17:36 ~-~-> 01:17:39 |you think it looks like when we have relative equal lows, what would be a
1075 |896 |01:17:39 ~-~-> 01:17:43 |high probability, relative equal load, that the market is likely to draw down
1076 |897 |01:17:43 ~-~-> 01:17:46 |and go below it would be a low I
1077 |898 |01:18:04 ~-~-> 01:18:14 |that has a slightly higher low in common terms, it's referred as a failure swing.
1078 |899 |01:18:14 ~-~-> 01:18:18 |Okay, so a failure swing. Now a lot of people say, Oh, see, he's just
1079 |900 |01:18:18 ~-~-> 01:18:22 |reinventing No, see what you you're trying to trade that. That's what a
1080 |901 |01:18:22 ~-~-> 01:18:26 |failure swing is when you're trying to trade you long or short, when that
1081 |902 |01:18:26 ~-~-> 01:18:32 |second pass that doesn't take out the low or take out a previous high, that's
1082 |903 |01:18:32 ~-~-> 01:18:37 |selling short of failure swing, okay, what I'm teaching you is, is how to
1083 |904 |01:18:37 ~-~-> 01:18:43 |identify in in price action, where the algorithm will refer back to and why?
1084 |905 |01:18:44 ~-~-> 01:18:48 |What are the what are the the central tenants as to what the algorithm is
1085 |906 |01:18:48 ~-~-> 01:18:54 |referring to at a specific time of day, most important, and then it refers back
1086 |907 |01:18:54 ~-~-> 01:18:58 |to these because, okay, it sees this high based on time, and then the higher
1087 |908 |01:18:58 ~-~-> 01:19:02 |high prior to that one is here. So it's very simple for the algorithm to call
1088 |909 |01:19:02 ~-~-> 01:19:06 |that information as an array and say, Okay, this high was at this time, and
1089 |910 |01:19:06 ~-~-> 01:19:10 |this high was higher than prior to it, and they're in close proximity. What's
1090 |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
1091 |912 |01:19:15 ~-~-> 01:19:20 |difference between the price and when you have that element, the market will
1092 |913 |01:19:20 ~-~-> 01:19:25 |invariably start marching back to those levels. It does not matter. It apps.
1093 |914 |01:19:25 ~-~-> 01:19:31 |Listen, listen, folks. It does not matter how many buyers are buying the
1094 |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
1095 |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?
1096 |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
1097 |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.
1098 |919 |01:19:55 ~-~-> 01:20:01 |There's no imbalances there. There's no imbalances. You're. Just as many short
1099 |920 |01:20:01 ~-~-> 01:20:06 |orders below the market as there is above. But yet, the market will still
1100 |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
1101 |922 |01:20:10 ~-~-> 01:20:18 |you it does. It reaches to these levels because it's coded to do this. And if
1102 |923 |01:20:18 ~-~-> 01:20:22 |you do this for a couple weeks, you're going to see, oh, wow, yeah. This is,
1103 |924 |01:20:22 ~-~-> 01:20:27 |this feels artificial. It feels like it's it's designed to do these types of
1104 |925 |01:20:27 ~-~-> 01:20:31 |things because they tend to repeat every single day at specific times of the day.
1105 |926 |01:20:31 ~-~-> 01:20:37 |It will do this. Let me go back to the times element every day between eight
1106 |927 |01:20:37 ~-~-> 01:20:40 |o'clock in the morning. This is all always New York local time. Okay, so
1107 |928 |01:20:40 ~-~-> 01:20:43 |it's very important you You remember that, because I have new people coming
1108 |929 |01:20:43 ~-~-> 01:20:47 |all the time, and they'll say, I looked at this chart here, and you told me,
1109 |930 |01:20:47 ~-~-> 01:20:52 |Yeah, but you're looking at it in Bangladesh time. Okay? I don't live in
1110 |931 |01:20:52 ~-~-> 01:20:57 |Bangladesh. I'm in the east coast of the United States, and the algorithm is on
1111 |932 |01:20:57 ~-~-> 01:21:01 |New York local time. I don't care what anybody else tells you, okay, that's
1112 |933 |01:21:01 ~-~-> 01:21:06 |what it's on, period and the story. You can wrestle with it if you want, but
1113 |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
1114 |935 |01:21:12 ~-~-> 01:21:17 |to sit down and determine where are the smooth locations in price action on the
1115 |936 |01:21:17 ~-~-> 01:21:22 |15 minute, the five minute and the one minute, okay? And we go, we've, we've
1116 |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
1117 |938 |01:21:29 ~-~-> 01:21:35 |that this high here is relative to that one, and this one here also with that
1118 |939 |01:21:36 ~-~-> 01:21:39 |this one being slightly higher than that one. So there's a lot of liquidity.
1119 |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
1120 |941 |01:21:48 ~-~-> 01:21:55 |to happen during that session. It does not mean that, and that is the
1121 |942 |01:21:55 ~-~-> 01:21:59 |underlying risk that you assume every single time you take a trade. You're
1122 |943 |01:21:59 ~-~-> 01:22:04 |looking for things that are going to stack the odds of probability in your
1123 |944 |01:22:04 ~-~-> 01:22:08 |favor. It does not mean it's an absolute, guaranteed outcome. See, I
1124 |945 |01:22:08 ~-~-> 01:22:13 |have students that literally take the time and waste their time and writing me
1125 |946 |01:22:13 ~-~-> 01:22:17 |an email. Sometimes they're like novels or novellas, and usually it's like three
1126 |947 |01:22:17 ~-~-> 01:22:22 |paragraphs of congrat congratulating me and worship and whatever. And I don't
1127 |948 |01:22:22 ~-~-> 01:22:25 |like that, and usually when I get that kind of stuff, I immediately just this.
1128 |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
1129 |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
1130 |951 |01:22:33 ~-~-> 01:22:36 |of those things. I'm just a guy that has a whole bunch of information and
1131 |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
1132 |953 |01:22:40 ~-~-> 01:22:50 |it. But these individuals will say, you know, I need you to tell me how to make
1133 |954 |01:22:50 ~-~-> 01:22:55 |sure that I don't have this wrong. I only want to take this pattern. So how
1134 |955 |01:22:55 ~-~-> 01:23:01 |do I avoid taking losing trades with a inversion, fair value gap or a
1135 |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
1136 |957 |01:23:05 ~-~-> 01:23:10 |shift in market structure? Well, that's easy. You have to have a higher Time
1137 |958 |01:23:10 ~-~-> 01:23:16 |Frame premise and a directional draw where the market's going to go, and if
1138 |959 |01:23:16 ~-~-> 01:23:22 |you think it's going to go higher, when you see the market creating a short term
1139 |960 |01:23:22 ~-~-> 01:23:27 |turn. Well, I'll give you an example. Over here. We have the relative equal
1140 |961 |01:23:27 ~-~-> 01:23:34 |lows here and the market drops. You see that? So this drop down here, every up
1141 |962 |01:23:34 ~-~-> 01:23:41 |close candle on this time frame, all this right here, that is your breaker.
1142 |963 |01:23:41 ~-~-> 01:23:47 |The most sensitive candle, or range is going to be the last up close candle.
1143 |964 |01:23:50 ~-~-> 01:23:56 |Look at like this. That's this range low and see where the body stopped, right
1144 |965 |01:23:56 ~-~-> 01:24:00 |there. We wick through it. I'm not denying that, but the damage is always
1145 |966 |01:24:00 ~-~-> 01:24:05 |done by the wick and the range high there,
1146 |967 |01:24:13 ~-~-> 01:24:18 |oops, sorry, that is your bullish breaker. But the range here from that up
1147 |968 |01:24:18 ~-~-> 01:24:23 |close candle that starts all these consecutive up close candles, all of
1148 |969 |01:24:23 ~-~-> 01:24:29 |that is technically the bullish breaker, though, the most sensitivity is going to
1149 |970 |01:24:29 ~-~-> 01:24:33 |be seen in that last up close candle. That is not supply and demand. That's
1150 |971 |01:24:33 ~-~-> 01:24:38 |not, that's not supply and demand zone. Sam SEIDEN would never, ever, ever refer
1151 |972 |01:24:38 ~-~-> 01:24:41 |to what I just said, Never. He would never do that, and he would never
1152 |973 |01:24:41 ~-~-> 01:24:45 |consider anyway, because we're cutting through candles, because we're looking
1153 |974 |01:24:45 ~-~-> 01:24:50 |at what an algorithm is doing, not some floor trader ticket runners perception
1154 |975 |01:24:50 ~-~-> 01:24:56 |of something that doesn't really exist. So the turn here at the bodies that
1155 |976 |01:24:56 ~-~-> 01:25:00 |tells you what tells you the narrative. So what is it going to do? It, it's
1156 |977 |01:25:00 ~-~-> 01:25:04 |going to go higher. Okay, so what at that time would you focus on? Well, you
1157 |978 |01:25:04 ~-~-> 01:25:09 |have this short term high here, the inefficiency that's trade to there. We
1158 |979 |01:25:09 ~-~-> 01:25:12 |want to see it, trade above it and then act as what support, which would be a,
1159 |980 |01:25:12 ~-~-> 01:25:17 |what integration of your value gap to do that. What would it reach for next, this
1160 |981 |01:25:17 ~-~-> 01:25:22 |high and this inefficiency? Does it do that? Yes, what are the bodies doing?
1161 |982 |01:25:23 ~-~-> 01:25:27 |Stopping just at that same level here, and more specifically, in my eyes,
1162 |983 |01:25:27 ~-~-> 01:25:30 |didn't notice this when I put it up here. Do you see a little separation?
1163 |984 |01:25:32 ~-~-> 01:25:35 |That's a volume imbalance. Go back and listen to the other lectures. You have
1164 |985 |01:25:35 ~-~-> 01:25:39 |to include that volume imbalance when you have a fair value gap. Whether this
1165 |986 |01:25:39 ~-~-> 01:25:47 |year city put it on you can see the bodies being encapsulated by that, and
1166 |987 |01:25:47 ~-~-> 01:25:52 |now the market trades back up into that, the bodies. I'm sorry the audience,
1167 |988 |01:25:52 ~-~-> 01:25:56 |candlesticks are trading inside the inefficiency it wicks above it. But look
1168 |989 |01:25:56 ~-~-> 01:26:04 |where the bodies are stopping, and look where the bodies are here. I'm Where's
1169 |990 |01:26:04 ~-~-> 01:26:10 |liquidity at below here, nothing in here. This is all very balanced price
1170 |991 |01:26:10 ~-~-> 01:26:15 |delivery, because it's back and forth. Every other candle is overlapping the
1171 |992 |01:26:15 ~-~-> 01:26:21 |highest high and the lowest low. Pretty much, pretty much, kind of coloring it
1172 |993 |01:26:21 ~-~-> 01:26:25 |very, very, very good, back and forth, all this price actions back and forth
1173 |994 |01:26:25 ~-~-> 01:26:30 |versus then we have all these run where we have separations in here, back down
1174 |995 |01:26:30 ~-~-> 01:26:36 |into that breaker. There this response right here to what it's just done. There
1175 |996 |01:26:38 ~-~-> 01:26:44 |that expectation and response in how price can react to levels like that.
1176 |997 |01:26:44 ~-~-> 01:26:48 |That's a nice little scalp, right there. I mean, look at it. Move from 515 to
1177 |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
1178 |999 |01:26:58 ~-~-> 01:27:04 |second chart. You can, if you know what you're looking for. You looking for now,
1179 |1000 |01:27:04 ~-~-> 01:27:13 |also notice that we've treated again, high, lower, high, high, lower, high,
1180 |1001 |01:27:13 ~-~-> 01:27:21 |but real close to one another. When did it form? Prior to 930 so we have eight
1181 |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
1182 |1003 |01:27:26 ~-~-> 01:27:33 |to look and seek the liquidity or inefficiencies. So here's 930 there,
1183 |1004 |01:27:34 ~-~-> 01:27:40 |forming on the bullish breaker. It trades down. And then we have relative
1184 |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
1185 |1006 |01:27:45 ~-~-> 01:27:53 |the sake of discussion. So we have these relative equal highs, this high and that
1186 |1007 |01:27:53 ~-~-> 01:27:58 |high, relative equal high and we have this area up here. So if the market's
1187 |1008 |01:27:58 ~-~-> 01:28:03 |going to do, what if it's going to make a punishing move towards the shorts that
1188 |1009 |01:28:03 ~-~-> 01:28:09 |want to see it drop, because the market has dropped early on, seven o'clock in
1189 |1010 |01:28:09 ~-~-> 01:28:14 |the morning, okay? And we have all these very clean levels. What did we just do
1190 |1011 |01:28:14 ~-~-> 01:28:20 |here? We have a low. It was traded down into it disrupted this little area in
1191 |1012 |01:28:20 ~-~-> 01:28:26 |here. So it's made this area jagged. Remember I was saying earlier, where the
1192 |1013 |01:28:26 ~-~-> 01:28:33 |market's real smooth over here versus what it was doing down here, where has
1193 |1014 |01:28:33 ~-~-> 01:28:40 |the work been done? Meaning, if there is a group of traders that are very
1194 |1015 |01:28:40 ~-~-> 01:28:45 |cannibalistic, and they tend to be more correct than wrong, or if they are the
1195 |1016 |01:28:45 ~-~-> 01:28:49 |ones that generally make the money more consistently than the ones that don't.
1196 |1017 |01:28:49 ~-~-> 01:28:54 |In other words, think of like the World Series of Poker. Okay, if you ever watch
1197 |1018 |01:28:54 ~-~-> 01:29:02 |that, it's really fascinating to see how the long term players that always find
1198 |1019 |01:29:02 ~-~-> 01:29:07 |themselves at the final table. They may not win, but they always find their way
1199 |1020 |01:29:07 ~-~-> 01:29:14 |at the final table. That's experience, and that's skill. Well, you can see
1200 |1021 |01:29:14 ~-~-> 01:29:18 |those things in price action. They're like fingerprints, okay, you can see
1201 |1022 |01:29:18 ~-~-> 01:29:21 |when the cannibals come in and they devour the pygmies. They go in there and
1202 |1023 |01:29:21 ~-~-> 01:29:27 |just chew em all up. And it's where the market is made jagged price delivery
1203 |1024 |01:29:28 ~-~-> 01:29:32 |always. It's always like this, folks. It's never not going to be hidden from
1204 |1025 |01:29:32 ~-~-> 01:29:41 |you. Okay? It's always plain sight. But see, you're so in enamored by animal
1205 |1026 |01:29:41 ~-~-> 01:29:47 |patterns, harmonic patterns, gimmicky named, supposed retail indicators.
1206 |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
1207 |1028 |01:29:52 ~-~-> 01:29:59 |them. It's the open, high, low and close and the clock. How about that? How about
1208 |1029 |01:29:59 ~-~-> 01:30:04 |that? Catch me outside. How about that? Okay, it's simple, and all of you
1209 |1030 |01:30:04 ~-~-> 01:30:08 |complain, not all, but just the the asshats do, oh, this is complicated.
1210 |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
1211 |1032 |01:30:13 ~-~-> 01:30:17 |so, doing anything I don't see so and so, doing anything but using market
1212 |1033 |01:30:17 ~-~-> 01:30:25 |replay and trying to convince himself everything he says after he says it. So
1213 |1034 |01:30:25 ~-~-> 01:30:31 |we had these relative equal highs swept here. See that case study, bullish
1214 |1035 |01:30:31 ~-~-> 01:30:35 |breaker to there. So how many candles did it take to do that? You screenshot
1215 |1036 |01:30:35 ~-~-> 01:30:42 |it. How many? How many handles Did it run from the low to that relative equal
1216 |1037 |01:30:42 ~-~-> 01:30:46 |high being taken out. And once it does that, keep the chart active with it on
1217 |1038 |01:30:46 ~-~-> 01:30:50 |there, but then just make it very, very light. Well, not that like, make it
1218 |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.
1219 |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
1220 |1041 |01:30:58 ~-~-> 01:31:05 |traded down into mid gap, which is this wick here, since price is above it, that
1221 |1042 |01:31:05 ~-~-> 01:31:09 |makes it a discount array, consequent encroachment of that trace to it, we
1222 |1043 |01:31:09 ~-~-> 01:31:11 |want to see it run above this high here.
1223 |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,
1224 |1045 |01:31:22 ~-~-> 01:31:27 |because not only am I giving you things to talk about in your own journal of
1225 |1046 |01:31:27 ~-~-> 01:31:32 |focus, but you're also seeing things unfold over a live chart, and you're
1226 |1047 |01:31:32 ~-~-> 01:31:35 |watching on your live chart. Okay? So this is not Market Replay. It's not
1227 |1048 |01:31:35 ~-~-> 01:31:40 |delayed data, okay? It's not after the fact, talking narrative over a chart,
1228 |1049 |01:31:41 ~-~-> 01:31:45 |everything that these assets leave comments on in my YouTube comment
1229 |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
1230 |1051 |01:31:48 ~-~-> 01:31:52 |the relative equal highs there too. So now same thing here. You want to mute
1231 |1052 |01:31:53 ~-~-> 01:31:58 |that in terms of its importance. And now you want to see, does it have the
1232 |1053 |01:31:58 ~-~-> 01:32:07 |wherewithal to run aggressively for that 17,008 20.75 any of this seem
1233 |1054 |01:32:07 ~-~-> 01:32:14 |complicated to you? It shouldn't already know what you're thinking. And some of
1234 |1055 |01:32:14 ~-~-> 01:32:17 |you said it out loud, yes, because you're saying it when you talk about it,
1235 |1056 |01:32:17 ~-~-> 01:32:21 |so obvious when you talk about it, when it's happening, I can see it when you
1236 |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
1237 |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
1238 |1059 |01:32:29 ~-~-> 01:32:31 |stream off, and you're just going to just know how to do it right away,
1239 |1060 |01:32:31 ~-~-> 01:32:34 |because you watch me disclose one or two things and one element in the
1240 |1061 |01:32:34 ~-~-> 01:32:38 |marketplace now you're suddenly going to know how to do it. Nobody can reasonably
1241 |1062 |01:32:38 ~-~-> 01:32:44 |expect to do that. You're placing too much emphasis on being fast. I gotta
1242 |1063 |01:32:44 ~-~-> 01:32:47 |learn how to do it right now, because the market's going to stop working next
1243 |1064 |01:32:47 ~-~-> 01:32:54 |week, next year. I thought the algorithm was supposed to stop working this year.
1244 |1065 |01:32:54 ~-~-> 01:32:58 |Whatever. Get out of here. Get out of here. The batteries don't run dead on
1245 |1066 |01:32:58 ~-~-> 01:33:02 |this. Okay? When the markets are dead, then the algorithm won't work anymore.
1246 |1067 |01:33:02 ~-~-> 01:33:09 |Okay. But the point is this the very, very first thing you're doing as an
1247 |1068 |01:33:09 ~-~-> 01:33:15 |undeveloped, unrefined trader, someone like my son. Caleb, okay, don't be
1248 |1069 |01:33:15 ~-~-> 01:33:18 |offended by that, son. It is what it is. I've called you worse things. The idea
1249 |1070 |01:33:18 ~-~-> 01:33:25 |is that you're looking for the smooth areas where the price is so obviously
1250 |1071 |01:33:25 ~-~-> 01:33:31 |being defended and being presented and being offered. For retail minded Tracy,
1251 |1072 |01:33:31 ~-~-> 01:33:36 |I don't look at charts. I absolutely don't look at charts and think of what
1252 |1073 |01:33:36 ~-~-> 01:33:43 |retail pattern here I can use to get in sync with a price run. Look at that
1253 |1074 |01:33:43 ~-~-> 01:33:47 |beautiful delivery right to that volume of balance there, which is inside,
1254 |1075 |01:33:47 ~-~-> 01:33:52 |encapsulated in that city, went right to the high of that. Now, when you're
1255 |1076 |01:33:52 ~-~-> 01:33:58 |looking at price, you're looking for the obvious, very, very, very smooth,
1256 |1077 |01:33:58 ~-~-> 01:34:03 |relative equal highs or relative equal lows. How do you know which one they're
1257 |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
1258 |1079 |01:34:08 ~-~-> 01:34:14 |trust? How do you determine which side of the marketplace it's going to reach
1259 |1080 |01:34:14 ~-~-> 01:34:18 |for? Because what this is going to do, it gives you the initial building blocks
1260 |1081 |01:34:18 ~-~-> 01:34:27 |to understanding bias. Oh, you didn't realize we were going there, did you?
1261 |1082 |01:34:28 ~-~-> 01:34:32 |You didn't realize? With all this jaw burning and half of you quit watching
1262 |1083 |01:34:32 ~-~-> 01:34:36 |because I was talking about things that wasn't interesting, but they're coming
1263 |1084 |01:34:36 ~-~-> 01:34:41 |back to the channel now or later on, they'll say, Damn it, right. It went
1264 |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
1265 |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
1266 |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
1267 |1088 |01:34:52 ~-~-> 01:34:55 |week, and it's going to do it every freaking week that I want to stay out
1268 |1089 |01:34:55 ~-~-> 01:34:58 |here and do it live. Okay? That's just the way it works around here. You.
1269 |1090 |01:35:00 ~-~-> 01:35:05 |That's the way it is, because I understand what this thing's doing. And
1270 |1091 |01:35:05 ~-~-> 01:35:10 |then you want to screenshot that. Okay, so when you're looking at price action,
1271 |1092 |01:35:12 ~-~-> 01:35:17 |you want to be able to determine what in this whole scheme of price delivery,
1272 |1093 |01:35:17 ~-~-> 01:35:23 |what does it do in terms of resonating with you. Where would you feel
1273 |1094 |01:35:23 ~-~-> 01:35:28 |confident? This is the part that a lot of my students skip over. They don't do
1274 |1095 |01:35:28 ~-~-> 01:35:33 |any work with this part of it. They ignore it. They assume that it has no
1275 |1096 |01:35:33 ~-~-> 01:35:38 |bearing on them. It doesn't have any basis or placement in them. Okay?
1276 |1097 |01:35:38 ~-~-> 01:35:43 |Because they want some kind of gimmicky little 123, get me in the trade. Where's
1277 |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
1278 |1099 |01:35:47 ~-~-> 01:35:51 |be able to do everything perfect, right from step one. I don't want to have any
1279 |1100 |01:35:51 ~-~-> 01:35:56 |adversities. That's not realistic, because you're gonna have a whole lot of
1280 |1101 |01:35:56 ~-~-> 01:35:59 |adversities, and you have to invite that. Be comfortable with it, because
1281 |1102 |01:35:59 ~-~-> 01:36:02 |that's where it's going to highlight your shortcomings and your
1282 |1103 |01:36:02 ~-~-> 01:36:07 |understanding, and it's going to also teach you how to overcome it, because
1283 |1104 |01:36:07 ~-~-> 01:36:12 |once you identify what you're having an issue with, wouldn't you want to know
1284 |1105 |01:36:12 ~-~-> 01:36:15 |what your problems are in your relationship? Like if you're if you are
1285 |1106 |01:36:15 ~-~-> 01:36:21 |married to a new, new spouse, and you genuinely love them, but they haven't
1286 |1107 |01:36:21 ~-~-> 01:36:24 |been forthright in telling you what your character flaws are that really get
1287 |1108 |01:36:24 ~-~-> 01:36:27 |under their skin because they don't want to offend you, because they don't want
1288 |1109 |01:36:27 ~-~-> 01:36:32 |to hurt your feelings. But wouldn't you want them sincerely? Wouldn't you want
1289 |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
1290 |1111 |01:36:38 ~-~-> 01:36:42 |you feel offended, that you want to go run to the bar and cheat on them you
1291 |1112 |01:36:42 ~-~-> 01:36:48 |would love for them to say, Hey, I love you. I sincerely, sincerely care about
1292 |1113 |01:36:48 ~-~-> 01:36:53 |you. I want us to be together. And that romance is what you want with the
1293 |1114 |01:36:53 ~-~-> 01:36:58 |marketplace. You want the market to open its arms and invite you into an embrace
1294 |1115 |01:36:58 ~-~-> 01:37:03 |and feel its bosom against yours, and that tenderness and that love and
1295 |1116 |01:37:03 ~-~-> 01:37:07 |acceptance that I've always been waiting for you, and you're finally with me, and
1296 |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
1297 |1118 |01:37:11 ~-~-> 01:37:15 |that's what you want. You want that romance. But really, what this is, this
1298 |1119 |01:37:15 ~-~-> 01:37:21 |is a dysfunctional element of family, and what it does is it says, Listen, my
1299 |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
1300 |1121 |01:37:25 ~-~-> 01:37:30 |around, okay? And find a spouse out of that type of thing. And you wonder why
1301 |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
1302 |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
1303 |1124 |01:37:42 ~-~-> 01:37:48 |one person in this relationship has to be able to be reasonable, and at some
1304 |1125 |01:37:48 ~-~-> 01:37:52 |point the person that's reasonable has to say, You know what? This isn't
1305 |1126 |01:37:52 ~-~-> 01:37:57 |healthy for me anymore. So that means I have to turn the charts off. I need to
1306 |1127 |01:37:57 ~-~-> 01:37:59 |stop following this market on this time frame right now, because it's not
1307 |1128 |01:37:59 ~-~-> 01:38:08 |healthy. But you can't arrive at that until you do rule based ideas, and you
1308 |1129 |01:38:08 ~-~-> 01:38:15 |break things down modularly, very simplistic. Nothing I did today. Nothing
1309 |1130 |01:38:15 ~-~-> 01:38:21 |is complex. I outlined every single thing. Go back and watch the live stream
1310 |1131 |01:38:22 ~-~-> 01:38:27 |every single thing was in advance and shown to you on a one minute chart. This
1311 |1132 |01:38:27 ~-~-> 01:38:31 |would be further amplified if I was showing it to you on a 15 second chart.
1312 |1133 |01:38:32 ~-~-> 01:38:37 |If you have the capabilities, I'm not saying you have to, but if you have the
1313 |1134 |01:38:37 ~-~-> 01:38:41 |ability to look at a 15 second chart study every level I've outlined here,
1314 |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
1315 |1136 |01:38:46 ~-~-> 01:38:52 |gave you the bias before we really essentially started today. I explained
1316 |1137 |01:38:52 ~-~-> 01:39:00 |to you in very, very bland commentary, almost boring, really, it didn't seem
1317 |1138 |01:39:00 ~-~-> 01:39:04 |scientific. I used analogies that I thought were very simplistic. You know,
1318 |1139 |01:39:04 ~-~-> 01:39:10 |when we're looking at areas that are very smooth, contrast this area up here,
1319 |1140 |01:39:10 ~-~-> 01:39:13 |how that was very, very smooth. And these, remember, these levels over here,
1320 |1141 |01:39:13 ~-~-> 01:39:19 |told you this one. In addition, if you weren't looking at that, that's the
1321 |1142 |01:39:19 ~-~-> 01:39:24 |benefit of looking at three time frames, because, if you can frame an idea of why
1322 |1143 |01:39:24 ~-~-> 01:39:30 |the market's likely to draw to a high or a low or inefficiency that is completely
1323 |1144 |01:39:30 ~-~-> 01:39:35 |visible on three time frames, that it means you have three time frames telling
1324 |1145 |01:39:35 ~-~-> 01:39:41 |you, Hey, pay attention to me. And if that time frame, or those time frames
1325 |1146 |01:39:41 ~-~-> 01:39:46 |are in agreement with a relative equal high or a inefficiency above the
1326 |1147 |01:39:46 ~-~-> 01:39:50 |marketplace. That means, like something like this right here, or this right
1327 |1148 |01:39:50 ~-~-> 01:39:59 |here, or this right here. They're all stepping stones. Notice that they're all
1328 |1149 |01:39:59 ~-~-> 01:40:05 |stepping stones. Inside the context in your under all, I'm sorry, overall
1329 |1150 |01:40:05 ~-~-> 01:40:09 |narrative that the market was going to go here when I first started the live
1330 |1151 |01:40:09 ~-~-> 01:40:17 |session, what? What's the first line I dropped on the chart. This one, it was
1331 |1152 |01:40:17 ~-~-> 01:40:25 |based on these two highs here. That's all it was. Why did I pick this this
1332 |1153 |01:40:25 ~-~-> 01:40:29 |high? Yes, you got my question. Finally, I've been sitting here the whole time
1333 |1154 |01:40:29 ~-~-> 01:40:33 |you're talking. Why'd you pick that high? What's the first thing I told you
1334 |1155 |01:40:34 ~-~-> 01:40:40 |the algorithm is going to go based on time? I don't care what Mickey Mouse
1335 |1156 |01:40:40 ~-~-> 01:40:46 |pattern, with Mickey Mouse logic, some Romper Room theory that just got pulled
1336 |1157 |01:40:46 ~-~-> 01:40:51 |out of somebody's backside because they want to sell some attention for clicks
1337 |1158 |01:40:51 ~-~-> 01:40:59 |and views and mentorships, unless it stems on the basis of time. First, it
1338 |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
1339 |1160 |01:41:04 ~-~-> 01:41:09 |not going to work period. End of story. Put anybody as a mentor, anybody as the
1340 |1161 |01:41:09 ~-~-> 01:41:14 |trader. I don't give up. Shouldn't have said that.
1341 |1162 |01:41:15 ~-~-> 01:41:21 |I tried real hard. I always got through it. I almost got through it. Put anybody
1342 |1163 |01:41:21 ~-~-> 01:41:26 |you want in that list, whatever they trade, however they trade, it does not
1343 |1164 |01:41:26 ~-~-> 01:41:32 |work. It will fail. Stick with it long enough, you'll see it will fail more
1344 |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
1345 |1166 |01:41:38 ~-~-> 01:41:41 |down with you, whether it be on the Twitter space where I was calling out
1346 |1167 |01:41:41 ~-~-> 01:41:45 |the candlesticks individually before they happened, or on a live stream where
1347 |1168 |01:41:45 ~-~-> 01:41:50 |giving you the logic, explaining to you why it should do it okay, and then it
1348 |1169 |01:41:50 ~-~-> 01:41:58 |just simply does it. How's that possible? No ego. Seriously, let's,
1349 |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
1350 |1171 |01:42:02 ~-~-> 01:42:05 |you, especially if you're a first time viewer here, or maybe you come back.
1351 |1172 |01:42:05 ~-~-> 01:42:08 |This is your second time watching a live stream, because You expected me to do
1352 |1173 |01:42:08 ~-~-> 01:42:17 |something silly today. How is it, how is it that the market does exactly what I'm
1353 |1174 |01:42:17 ~-~-> 01:42:23 |saying, it's going to do you ever think about that. How is it possible that this
1354 |1175 |01:42:23 ~-~-> 01:42:31 |one single person can get it right so often, in front of 1000s of people, when
1355 |1176 |01:42:31 ~-~-> 01:42:35 |many of them are hoping and praying, please, please, God, let him get it
1356 |1177 |01:42:35 ~-~-> 01:42:38 |right. I gotta go on Twitter and brag about how you messed up today. I gotta
1357 |1178 |01:42:38 ~-~-> 01:42:46 |make a video exposing ICT. I need grocery bill money. You're so fun to
1358 |1179 |01:42:46 ~-~-> 01:42:52 |manipulate all you haters. But seven o'clock is a very key time that starts.
1359 |1180 |01:42:52 ~-~-> 01:42:57 |What the morning session? It matters not that we're trading a Forex or futures.
1360 |1181 |01:42:58 ~-~-> 01:43:02 |The morning session am session starts at seven o'clock in the morning New York
1361 |1182 |01:43:02 ~-~-> 01:43:08 |local time. York local time. Okay? So you can have a model that says, I can't
1362 |1183 |01:43:08 ~-~-> 01:43:12 |be in front of the charts between eight o'clock and 830 and maybe you can trade
1363 |1184 |01:43:12 ~-~-> 01:43:17 |a 930 opening bell for indices because you have to get ready for work. Okay,
1364 |1185 |01:43:17 ~-~-> 01:43:21 |but it just so happens that the time elements in your personal life and
1365 |1186 |01:43:21 ~-~-> 01:43:24 |geographically location in the world that it allows you and affords you to
1366 |1187 |01:43:24 ~-~-> 01:43:30 |look at the mark between seven o'clock and say, 745 worst case scenario, 730 if
1367 |1188 |01:43:30 ~-~-> 01:43:34 |you're going to work with smaller time frames, you absolutely can use seven
1368 |1189 |01:43:34 ~-~-> 01:43:42 |o'clock to 730 as a model to do this Very exercise, same thing. So your key
1369 |1190 |01:43:42 ~-~-> 01:43:49 |times are this, seven o'clock in the morning to 730 in that 30 minute window,
1370 |1191 |01:43:49 ~-~-> 01:43:54 |you're going to look for relative equal highs and relative equal lows that have
1371 |1192 |01:43:54 ~-~-> 01:43:59 |happened prior to seven o'clock. Okay, and you're going to be looking through
1372 |1193 |01:43:59 ~-~-> 01:44:03 |the time frames of the one minute chart, the five minute chart in the 15 minute
1373 |1194 |01:44:03 ~-~-> 01:44:09 |time now, Caleb, you're not expected to do anything else beyond that until I
1374 |1195 |01:44:09 ~-~-> 01:44:14 |change the depth of what your focus should be. Right. Now, you're just
1375 |1196 |01:44:14 ~-~-> 01:44:19 |having three charts up. Since the 15 minute time frame is pretty, pretty
1376 |1197 |01:44:19 ~-~-> 01:44:23 |static, you only need to refer to it once in the morning. And then your
1377 |1198 |01:44:23 ~-~-> 01:44:26 |second chart could be the five minute chart. We'll go back. Watch what it is
1378 |1199 |01:44:26 ~-~-> 01:44:31 |right now five minute chart. But then what you're doing is, is you're watching
1379 |1200 |01:44:31 ~-~-> 01:44:38 |between seven o'clock and 730 or eight o'clock to 830 or nine to 930 opening
1380 |1201 |01:44:38 ~-~-> 01:44:48 |bell. You're looking for where is the market? Smooth? Smooth? Because still
1381 |1202 |01:44:48 ~-~-> 01:44:56 |waters invite rocks. Think about that. Remember being a kid walking and you see
1382 |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
1383 |1204 |01:44:59 ~-~-> 01:45:03 |the sky. Reflection off of it so smooth. What's the first thing you jump to your
1384 |1205 |01:45:03 ~-~-> 01:45:09 |head? I need a rock for what? Because you can't accept that. Our sinful nature
1385 |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
1386 |1207 |01:45:12 ~-~-> 01:45:16 |out there. Why? What's it going to do? It's going to cause ripples. That's
1387 |1208 |01:45:16 ~-~-> 01:45:20 |exactly why a weak character, individual in a relationship, will have a beautiful
1388 |1209 |01:45:20 ~-~-> 01:45:26 |relationship, a wonderful relationship, something smooth, ain't no drama, no
1389 |1210 |01:45:26 ~-~-> 01:45:31 |reason for ruckus. And what they gotta do, they go out there and they chase
1390 |1211 |01:45:31 ~-~-> 01:45:37 |some thought to go to the bar and pick up some floozy or some silver tongued
1391 |1212 |01:45:38 ~-~-> 01:45:45 |Fox. It says all the right things for her, and you invite that disruption.
1392 |1213 |01:45:45 ~-~-> 01:45:50 |Well, that's what the market does, folks. It's a dysfunctional family
1393 |1214 |01:45:50 ~-~-> 01:45:57 |environment, and you have to be the one that says, Not today, Satan, not today,
1394 |1215 |01:45:58 ~-~-> 01:46:03 |not today. I know your tricks, I know your snares. I know how you're going to
1395 |1216 |01:46:03 ~-~-> 01:46:10 |do it. Okay, so what's the market going to do? Every single session? In the
1396 |1217 |01:46:10 ~-~-> 01:46:14 |morning, you have three opportunities, and you don't have to trade. In the
1397 |1218 |01:46:14 ~-~-> 01:46:17 |afternoon, you don't have to trade the london session, you have three
1398 |1219 |01:46:17 ~-~-> 01:46:23 |opportunities in the morning to set the stage for a run that will build if you
1399 |1220 |01:46:23 ~-~-> 01:46:27 |don't have any understanding about bias, okay, if you don't know what direction
1400 |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
1401 |1222 |01:46:32 ~-~-> 01:46:36 |say note this, note that, here's the secret I just gave to you, what I do
1402 |1223 |01:46:36 ~-~-> 01:46:41 |every single time I go into Tanja trades, when Patrick Whelan had balls
1403 |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
1404 |1225 |01:46:45 ~-~-> 01:46:50 |going to be paying me $500,000 this year. The whole business of anyone else
1405 |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
1406 |1227 |01:46:54 ~-~-> 01:46:57 |do, what I was looking for, in private text, and he can show I gave him
1407 |1228 |01:46:57 ~-~-> 01:47:03 |permission. He can show you what I was expecting. And he watched me do this for
1408 |1229 |01:47:03 ~-~-> 01:47:09 |almost a month, and I got two or three of them wrong, but most of them were
1409 |1230 |01:47:09 ~-~-> 01:47:12 |like, bang, bang, bang, bang. And guess what I was doing, folks, what I just
1410 |1231 |01:47:12 ~-~-> 01:47:18 |taught you here. Tom hoogard, not as much as I showed with the trades by
1411 |1232 |01:47:18 ~-~-> 01:47:23 |Matt, but in certain instances, I showed him, this is what I'm looking for. I
1412 |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
1413 |1234 |01:47:31 ~-~-> 01:47:34 |think is going to happen in the witness of other people, and they can come out
1414 |1235 |01:47:34 ~-~-> 01:47:38 |and say, Yeah, this guy, don't somebody he's talking about. And they're not
1415 |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
1416 |1237 |01:47:42 ~-~-> 01:47:50 |that I like certain people in this industry, and the ones I like, I
1417 |1238 |01:47:50 ~-~-> 01:47:55 |converse with, I share and I engage with. And when I go into other people's
1418 |1239 |01:47:55 ~-~-> 01:47:58 |live streams and I'm helping promote them, sometimes I'll go out and I'll
1419 |1240 |01:47:58 ~-~-> 01:48:02 |point to something and I'll say, watch this level. When I was on Twitter, watch
1420 |1241 |01:48:02 ~-~-> 01:48:07 |note this level. I was doing this in my private mentorship. Never learned this.
1421 |1242 |01:48:08 ~-~-> 01:48:13 |I never sat down with them, never told them that this is a secret weapon. It's
1422 |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.
1423 |1244 |01:48:20 ~-~-> 01:48:28 |This is a flame flower. It's, it's, it's the thing that makes every playing
1424 |1245 |01:48:28 ~-~-> 01:48:33 |field, even they cannot hide it from you. They cannot hide it from you.
1425 |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
1426 |1247 |01:48:37 ~-~-> 01:48:43 |terms, it's this, if you can contrast one side of the marketplace against
1427 |1248 |01:48:43 ~-~-> 01:48:47 |another. Let me. Let me do this in this little area down here, okay, in this
1428 |1249 |01:48:47 ~-~-> 01:48:50 |small, little open section, I'm going to say this and I'm going to close it
1429 |1250 |01:48:50 ~-~-> 01:48:55 |because I have somewhere to be with my wife, and I'm about 20 minutes. I hope
1430 |1251 |01:48:55 ~-~-> 01:48:58 |you haven't if you take this moment for right now,
1431 |1252 |01:48:59 ~-~-> 01:49:03 |if you learn something today, and if you didn't learn something, you're a
1432 |1253 |01:49:03 ~-~-> 01:49:08 |freaking liar, okay, but if you honestly was with me this entire session, and you
1433 |1254 |01:49:08 ~-~-> 01:49:12 |watched me outline this, and I told you why it was going to go here, what levels
1434 |1255 |01:49:12 ~-~-> 01:49:17 |were key, what to focus on, and you watched it pan out, and you understood,
1435 |1256 |01:49:17 ~-~-> 01:49:20 |and you understand now, and if you don't, I'm going to get clear for You.
1436 |1257 |01:49:21 ~-~-> 01:49:25 |Give that a thumbs up, because I take that as I appreciate you spending time
1437 |1258 |01:49:25 ~-~-> 01:49:28 |with us. ICT, I don't need to be doing this. I can do this privately with
1438 |1259 |01:49:28 ~-~-> 01:49:32 |Caleb. I don't I can tell Caleb. I understand that you want to make a
1439 |1260 |01:49:32 ~-~-> 01:49:35 |YouTube channel. I understand that that could make you a little bit of scratch
1440 |1261 |01:49:35 ~-~-> 01:49:39 |and money. I understand that. But no, I don't want these people to know this. I
1441 |1262 |01:49:39 ~-~-> 01:49:43 |could do that, and I don't feel bad telling you that openly, because I've
1442 |1263 |01:49:43 ~-~-> 01:49:48 |done a lot of that stuff that I don't want to share certain things because
1443 |1264 |01:49:48 ~-~-> 01:49:52 |it's too good, because 20 year old kids go out there and pretend they didn't
1444 |1265 |01:49:52 ~-~-> 01:49:55 |learn it from me, and they found it on their own, and they relabel it so they
1445 |1266 |01:49:55 ~-~-> 01:49:59 |can make a name for themselves. And then eventually people find out about and
1446 |1267 |01:49:59 ~-~-> 01:50:02 |then they expose. Minutes, you're nothing more than just an ICT ripoff,
1447 |1268 |01:50:03 ~-~-> 01:50:06 |and you can spare yourself all that stuff just by being honest and say, You
1448 |1269 |01:50:06 ~-~-> 01:50:09 |know what? Thank you, ICT for sharing this. I'm going to make it mine, and
1449 |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
1450 |1271 |01:50:13 ~-~-> 01:50:18 |there doing mentorships now, okay, it's their business. It's not mine. They're
1451 |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,
1452 |1273 |01:50:22 ~-~-> 01:50:26 |just, just remember who fed you. That's it. I'm not doing paid mentorships. I
1453 |1274 |01:50:26 ~-~-> 01:50:30 |could be out here teaching this kind of stuff and more for millions of dollars a
1454 |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
1455 |1276 |01:50:35 ~-~-> 01:50:38 |wasn't for my son tapping me, saying, Hey, Dad, give me another chance to do
1456 |1277 |01:50:38 ~-~-> 01:50:42 |this. I want to learn it. I wouldn't be doing this. Have you been seeing any
1457 |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
1458 |1279 |01:50:47 ~-~-> 01:50:53 |myself into it. I'm going to pour everything I have into this. And I'm not
1459 |1280 |01:50:53 ~-~-> 01:50:57 |fully back to myself. I'm not doing well, like I I've been experiencing
1460 |1281 |01:50:57 ~-~-> 01:51:00 |vertigo, I've had high blood pressure, I've had chest pains. I went rushed to
1461 |1282 |01:51:00 ~-~-> 01:51:04 |their hospital like I had a lot of stuff going on, and I'm not stressed about
1462 |1283 |01:51:04 ~-~-> 01:51:07 |nothing. It's just my body's going through something, and I don't know what
1463 |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
1464 |1285 |01:51:11 ~-~-> 01:51:14 |know exactly what these markets going to do any given day, even on sloppy, seek
1465 |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
1466 |1287 |01:51:18 ~-~-> 01:51:22 |show you me executing in one of them. I am not fearful of any of these market
1467 |1288 |01:51:22 ~-~-> 01:51:26 |profiles. I'm not fearful of my stuff falling out of style, because there is
1468 |1289 |01:51:26 ~-~-> 01:51:31 |no style. This is the market. This is the source code. But when you set up a
1469 |1290 |01:51:31 ~-~-> 01:51:34 |framework of whatever you're going to study in the morning, if you're going to
1470 |1291 |01:51:34 ~-~-> 01:51:37 |trade the morning session, your key times, you have to absolutely be in
1471 |1292 |01:51:37 ~-~-> 01:51:41 |front of the charts between seven o'clock and 730 in the morning, always
1472 |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,
1473 |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
1474 |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.
1475 |1296 |01:51:56 ~-~-> 01:51:59 |Write that down, because if you don't write it down, you're going to forget.
1476 |1297 |01:51:59 ~-~-> 01:52:02 |You're going to call it the opening range. It's not the opening range. The
1477 |1298 |01:52:02 ~-~-> 01:52:07 |opening range is the first 30 minutes after the opening bell at the New York
1478 |1299 |01:52:07 ~-~-> 01:52:15 |session, the first 30 minutes after seven o'clock to 730 that is your pre
1479 |1300 |01:52:15 ~-~-> 01:52:22 |market range. 730 to eight o'clock is your opening range. Oh, remember, I was
1480 |1301 |01:52:22 ~-~-> 01:52:26 |telling you I could trade every single hourly candle. Now you're starting to
1481 |1302 |01:52:26 ~-~-> 01:52:32 |think you're just returning. Aren't they fun, isn't it? And obviously the nine to
1482 |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
1483 |1304 |01:52:37 ~-~-> 01:52:41 |opening range. There is no 15 minute opening range. I don't care what anybody
1484 |1305 |01:52:41 ~-~-> 01:52:45 |tells you. Okay, it's a 30 minute opening range. That's algorithmic. Okay,
1485 |1306 |01:52:46 ~-~-> 01:52:49 |so what you're doing and this, this little range here that's being shown
1486 |1307 |01:52:49 ~-~-> 01:52:52 |here with this rectangle. What I'm saying is, is this is essentially that
1487 |1308 |01:52:53 ~-~-> 01:52:56 |30 minute interval, whether it be seven o'clock to 730, or eight o'clock to 830,
1488 |1309 |01:52:57 ~-~-> 01:53:02 |or nine to 930, that pre market range. In that range, what you're doing is
1489 |1310 |01:53:02 ~-~-> 01:53:05 |you're looking at this, this line, or beginning of that shaded area with
1490 |1311 |01:53:05 ~-~-> 01:53:12 |delineate the seven o'clock, or the eight o'clock or the nine o'clock, where
1491 |1312 |01:53:12 ~-~-> 01:53:17 |it begins at that specific top of the hour. And then this would be the range
1492 |1313 |01:53:17 ~-~-> 01:53:20 |that makes up that first 30 minutes. Now it's not obviously to scale, but I'm
1493 |1314 |01:53:20 ~-~-> 01:53:23 |oversimplifying it for the for the purposes of teaching what I'm saying
1494 |1315 |01:53:24 ~-~-> 01:53:32 |prior to that range, anything before or to the left of this, you're looking for
1495 |1316 |01:53:32 ~-~-> 01:53:40 |equal highs or equal lows. Which side has it? Because that's your bias. It's
1496 |1317 |01:53:40 ~-~-> 01:53:48 |going to draw to that. How do you know if you have both? Because I heard you,
1497 |1318 |01:53:48 ~-~-> 01:53:51 |you're thinking it. But what happens if you have a relative equal high here and
1498 |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
1499 |1320 |01:53:54 ~-~-> 01:53:59 |one to get disrupted, because once that happens, then you work to the other one.
1500 |1321 |01:53:59 ~-~-> 01:54:03 |That's That's your bias. So you have to defer and wait. Now, gamblers or live
1501 |1322 |01:54:03 ~-~-> 01:54:07 |streamers that just want to have people watching them doing anything and not
1502 |1323 |01:54:07 ~-~-> 01:54:10 |really executing on stream, but after trade starts moving in their favor, then
1503 |1324 |01:54:10 ~-~-> 01:54:15 |they'll show I took a trade here. What good is that? What good is that that
1504 |1325 |01:54:15 ~-~-> 01:54:18 |just proves you're not confident in what you're doing, and you're going to show
1505 |1326 |01:54:18 ~-~-> 01:54:22 |it after smoothing your favor, talk about it, explain it, and then do it.
1506 |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,
1507 |1328 |01:54:29 ~-~-> 01:54:34 |how it's easy for me and it's easy for you, whichever one has the relative
1508 |1329 |01:54:34 ~-~-> 01:54:37 |equal highs or relative equal lows, that's a smooth area. It will be
1509 |1330 |01:54:37 ~-~-> 01:54:42 |disrupted anywhere where you see jagged edges, like this down here. See how it
1510 |1331 |01:54:42 ~-~-> 01:54:47 |went jagged and then ripped higher. What's it telling you? What's it telling
1511 |1332 |01:54:47 ~-~-> 01:54:53 |you? I'm going to look for buy side liquidity, buy stops. This has been a
1512 |1333 |01:54:53 ~-~-> 01:54:57 |trap. They engage traders to go short. They're they're trapped short on a
1513 |1334 |01:54:57 ~-~-> 01:55:04 |breakout. Or you. They're not trying to take the shorts out of the market yet,
1514 |1335 |01:55:04 ~-~-> 01:55:10 |and that's why you see all this creeping up. This is all balanced. That's why
1515 |1336 |01:55:10 ~-~-> 01:55:14 |this spike stopped right at the top of the breaker here. Isn't it interesting?
1516 |1337 |01:55:14 ~-~-> 01:55:19 |Isn't that interesting? I've been talking non stop. No chance for me to
1517 |1338 |01:55:19 ~-~-> 01:55:25 |have another ad over, voice over. It's all live. You watch me do it live. I
1518 |1339 |01:55:25 ~-~-> 01:55:31 |explained the logic. And now here's the wonderful thing, you have the privilege
1519 |1340 |01:55:33 ~-~-> 01:55:37 |to go back to your charts and back test this, and your jaw is going to drop.
1520 |1341 |01:55:37 ~-~-> 01:55:42 |You're going to be thinking, it's always been there, but I've been looking for
1521 |1342 |01:55:42 ~-~-> 01:55:46 |this stupid ass harmonic pattern. I've been waiting for my yin and yang to
1522 |1343 |01:55:46 ~-~-> 01:55:50 |appear on my chart. I've been waiting for my moving averages crossing over.
1523 |1344 |01:55:51 ~-~-> 01:55:56 |But my out, my Lux algo indicator, said this, and then said that, and I got
1524 |1345 |01:55:56 ~-~-> 01:56:00 |tripped up. I thought it was going to do no bullshit, bullshit. It's all
1525 |1346 |01:56:00 ~-~-> 01:56:05 |bullshit. There's nothing complicated about what I said in any of the
1526 |1347 |01:56:05 ~-~-> 01:56:10 |mentorship videos. They're just very deep, dry lessons that give you the why.
1527 |1348 |01:56:11 ~-~-> 01:56:14 |Because I'm a person that's highly technical. I want to know why it's going
1528 |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
1529 |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
1530 |1351 |01:56:23 ~-~-> 01:56:28 |it. And if you don't think critically about that, you're a gambler. You
1531 |1352 |01:56:28 ~-~-> 01:56:33 |absolutely are a gambler. I need to understand before I put money behind it.
1532 |1353 |01:56:33 ~-~-> 01:56:38 |I need to know, why is this market going to do this? Then at that time, why
1533 |1354 |01:56:38 ~-~-> 01:56:42 |should it behave that way? And folks, you can't get any plainer or simpler
1534 |1355 |01:56:42 ~-~-> 01:56:45 |than just simply saying, okay, where it's smooth. Now you're going to say,
1535 |1356 |01:56:45 ~-~-> 01:56:49 |well, this isn't new. ICT you talked about relative equal highs and lows
1536 |1357 |01:56:49 ~-~-> 01:56:55 |before, right? And I taught that you should be aiming for them. But you
1537 |1358 |01:56:55 ~-~-> 01:57:00 |haven't been trading like that. You've been doing other stuff and then cussing
1538 |1359 |01:57:00 ~-~-> 01:57:04 |me behind my back, saying this stuff doesn't work. This guy's a fraud. We
1539 |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
1540 |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
1541 |1362 |01:57:14 ~-~-> 01:57:22 |cup. You think, come on, you guys are gullible, man. You're so easy. You're so
1542 |1363 |01:57:22 ~-~-> 01:57:30 |easy. I love it. I absolutely love it. But anyway, the market trades down to
1543 |1364 |01:57:30 ~-~-> 01:57:34 |the bullish breaker that I absolutely identify before it hits it, and then
1544 |1365 |01:57:34 ~-~-> 01:57:37 |goes to the relative equal highs I told you to focus on. And then I gave you
1545 |1366 |01:57:37 ~-~-> 01:57:41 |this one here, and I told you this imbalances prior to these relative equal
1546 |1367 |01:57:41 ~-~-> 01:57:45 |highs being taken. But this was where we were focused on and look where we're
1547 |1368 |01:57:45 ~-~-> 01:57:53 |trading at, see that now in closing, because I really do have to close now,
1548 |1369 |01:57:56 ~-~-> 01:57:59 |in this price run, and we're not going to use all of this, this is
1549 |1370 |01:57:59 ~-~-> 01:58:06 |capitulation. Now it's getting real excited if we have this segment of price
1550 |1371 |01:58:06 ~-~-> 01:58:15 |action, okay, if I'm identifying this area up here, okay, more specifically,
1551 |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
1552 |1373 |01:58:19 ~-~-> 01:58:22 |stick with that one, even though that that other one was later mentioned, even
1553 |1374 |01:58:22 ~-~-> 01:58:26 |before it got treated to that high rate there. Did
1554 |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
1555 |1376 |01:58:32 ~-~-> 01:58:37 |time to press that up thumb icon on YouTube? That's free. I didn't charge
1556 |1377 |01:58:37 ~-~-> 01:58:41 |anything for it, because that really is a way for you to communicate to me that
1557 |1378 |01:58:41 ~-~-> 01:58:44 |you had fun today, that you really did leave and learn something, and now you
1558 |1379 |01:58:44 ~-~-> 01:58:47 |have something that's tangible, that you go back and look at every single day in
1559 |1380 |01:58:47 ~-~-> 01:58:50 |the past and journaling, because you should be doing that every single day.
1560 |1381 |01:58:50 ~-~-> 01:58:54 |You break down the chart starting at seven o'clock in the morning, have seven
1561 |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
1562 |1383 |01:59:00 ~-~-> 01:59:03 |hours, and you want to have your 15 minute time frame, your five minute time
1563 |1384 |01:59:03 ~-~-> 01:59:07 |frame and your one minute time frame charts and annotate. It may require you
1564 |1385 |01:59:07 ~-~-> 01:59:10 |to have multiple charts from that individual one minute chart where you're
1565 |1386 |01:59:10 ~-~-> 01:59:13 |zoomed in and you're annotating something specific that are very salient
1566 |1387 |01:59:13 ~-~-> 01:59:20 |to you, because most of you may not have trusted this as a bullish breaker. You
1567 |1388 |01:59:20 ~-~-> 01:59:23 |mean you saw this drop in here, you're hoping, and some of you are probably
1568 |1389 |01:59:23 ~-~-> 01:59:26 |tickled your asshole was pucker and thinking he's getting screwed. In in
1569 |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
1570 |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
1571 |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
1572 |1393 |01:59:39 ~-~-> 01:59:44 |son, and you're here to learn. If you go back through all of this price, run
1573 |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
1574 |1395 |01:59:50 ~-~-> 01:59:55 |make the most obvious sense to you that you could see. And it says, You know
1575 |1396 |01:59:55 ~-~-> 02:00:00 |what? I understand this, even though ICT pointed out this breaker. You may have
1576 |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
1577 |1398 |02:00:05 ~-~-> 02:00:10 |noticed that it traded down into this fair value gap right there inside of
1578 |1399 |02:00:10 ~-~-> 02:00:17 |this old city, which is essentially where that midpoint between where we
1579 |1400 |02:00:17 ~-~-> 02:00:21 |expect price to trade to, which is above these highs and where it traded from,
1580 |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
1581 |1402 |02:00:29 ~-~-> 02:00:33 |originated from, where's the midpoint? Well, let's do a simple measurement.
1582 |1403 |02:00:33 ~-~-> 02:00:37 |Here's your fib, and we're going to say something above these relative equal
1583 |1404 |02:00:37 ~-~-> 02:00:40 |highs. We'll just randomly pick an area right there. Okay, I'm just being very
1584 |1405 |02:00:40 ~-~-> 02:00:44 |bland. There's no real reason I'm picking that price. It's just simply
1585 |1406 |02:00:44 ~-~-> 02:00:48 |slightly above the relative equal highs. There's no other logic simply that.
1586 |1407 |02:00:48 ~-~-> 02:00:51 |Okay, so I'm not trying to complicate anything. But if you take that and you
1587 |1408 |02:00:51 ~-~-> 02:00:56 |go down to the lows that are relatively equal, not the lowest low, that's the
1588 |1409 |02:00:56 ~-~-> 02:00:59 |manipulation you want to use, the relative equal lows like that. Okay, you
1589 |1410 |02:00:59 ~-~-> 02:01:04 |see that, and then you have essentially the midpoint here in close proximity to
1590 |1411 |02:01:04 ~-~-> 02:01:13 |that. You have this fair Vega, and you have this fair Vega, and this one here
1591 |1412 |02:01:13 ~-~-> 02:01:17 |can be used even though it's a little bit above equilibrium, because we didn't
1592 |1413 |02:01:17 ~-~-> 02:01:21 |take this high and that high out, which I was outlining to you real time. We
1593 |1414 |02:01:21 ~-~-> 02:01:25 |didn't take that out yet. We didn't take out these two relative equal highs when
1594 |1415 |02:01:25 ~-~-> 02:01:29 |it was trading down to the breaker. But what happens when it trades up here and
1595 |1416 |02:01:29 ~-~-> 02:01:34 |then at real time? I said, Watch this fair value gap. Watch the stream. Go
1596 |1417 |02:01:34 ~-~-> 02:01:37 |back and watch the stream when we were trading right there. I said, What? And
1597 |1418 |02:01:37 ~-~-> 02:01:43 |here we over trading this fair value gap here, and then takes off and runs to
1598 |1419 |02:01:43 ~-~-> 02:01:49 |where we are waiting to see it delivered. The smooth areas are going to
1599 |1420 |02:01:49 ~-~-> 02:01:55 |be attacked. The sharks are going to go to the still water. That's where they're
1600 |1421 |02:01:55 ~-~-> 02:02:00 |going to go. Why? Because as soon as someone in there starts shaking in fear
1601 |1422 |02:02:00 ~-~-> 02:02:05 |that their stops going to be taken, that still water will ripple, and that
1602 |1423 |02:02:05 ~-~-> 02:02:11 |triggers a frenzy, and the sharks are going to go right there. You don't trade
1603 |1424 |02:02:11 ~-~-> 02:02:15 |into levels where the sharks have already had a frenzy, and that's down
1604 |1425 |02:02:15 ~-~-> 02:02:20 |here. Okay, they've already done the work. There's been an attack down here.
1605 |1426 |02:02:20 ~-~-> 02:02:24 |How do you know there's been the great disturbance in in what price was doing
1606 |1427 |02:02:24 ~-~-> 02:02:29 |and how it's delivered? It's jagged like shark teeth cutting through the side of
1607 |1428 |02:02:29 ~-~-> 02:02:35 |a whale's body. It's been damaged delivered. You can see it. It's
1608 |1429 |02:02:35 ~-~-> 02:02:41 |physically represented in the jaggedness of the swings going down, where we don't
1609 |1430 |02:02:41 ~-~-> 02:02:46 |see that jaggedness up here. It's nice and smooth, real, inviting. It's safe.
1610 |1431 |02:02:46 ~-~-> 02:02:50 |Put your stop loss above me like a siren calling out to the sailors, come to me.
1611 |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
1612 |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
1613 |1434 |02:03:01 ~-~-> 02:03:07 |action in here and determine what price level makes sense to you. Which one
1614 |1435 |02:03:07 ~-~-> 02:03:12 |resonates with you? Do you see the fair value gaps where I was outlining before
1615 |1436 |02:03:12 ~-~-> 02:03:18 |I did it? Did it make sense when I was drawing them out? Did you change your
1616 |1437 |02:03:18 ~-~-> 02:03:23 |expectation and get fearful that I'm wrong and it's not going to go up there,
1617 |1438 |02:03:23 ~-~-> 02:03:28 |because it that this drop here. What's occurring here? The only thing it's
1618 |1439 |02:03:28 ~-~-> 02:03:32 |doing is at 930 during the opening range, it's doing what it's creating a
1619 |1440 |02:03:32 ~-~-> 02:03:37 |Judah swing, something that's opposite to the real move. The real move was
1620 |1441 |02:03:37 ~-~-> 02:03:43 |given to you with these highs. It's going to go there at any time. Did you
1621 |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
1622 |1443 |02:03:46 ~-~-> 02:03:50 |watching. I think it was like 6000 earlier, the first time I checked the
1623 |1444 |02:03:50 ~-~-> 02:03:56 |streams continuity, but I haven't seen I don't know what the highest high was in
1624 |1445 |02:03:56 ~-~-> 02:04:00 |terms of how many people are watching. Did I sound like I was nervous? Because
1625 |1446 |02:04:00 ~-~-> 02:04:04 |I don't think I was nervous at all today, and I've been really, really
1626 |1447 |02:04:04 ~-~-> 02:04:09 |trying not to say any embellishments on the curse words and stuff. But sometimes
1627 |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
1628 |1449 |02:04:14 ~-~-> 02:04:19 |repent all the time when I do it, I always regret when it slips out. But
1629 |1450 |02:04:19 ~-~-> 02:04:24 |that's I'm real, like, I'm a real person, and I have character flaws like
1630 |1451 |02:04:24 ~-~-> 02:04:29 |anybody else, but I try very, very hard today not to use that type of language,
1631 |1452 |02:04:29 ~-~-> 02:04:34 |but depending on what subject matter I refer to, it will it'll draw it out of
1632 |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
1633 |1454 |02:04:40 ~-~-> 02:04:46 |inversion, fair value gap here, and then it sends price higher, retraces down,
1634 |1455 |02:04:46 ~-~-> 02:04:52 |and then you have your second leg redistribution, and then send it to the
1635 |1456 |02:04:53 ~-~-> 02:05:00 |smooth area that makes up this market maker buy model. I knew it. I see. Yeah,
1636 |1457 |02:05:01 ~-~-> 02:05:07 |that's how it is. So when you're looking for the bias, okay, the easiest, most
1637 |1458 |02:05:07 ~-~-> 02:05:12 |scientifically proven, nine out of 10 doctors approved. ICT has nailed it down
1638 |1459 |02:05:12 ~-~-> 02:05:18 |to a science of wherever the smooth, equal highs are or smooth relative equal
1639 |1460 |02:05:18 ~-~-> 02:05:22 |lows are at the beginning of seven o'clock to 730 or eight o'clock to 830
1640 |1461 |02:05:22 ~-~-> 02:05:28 |or nine to 930 you got three opportunities, three chances. Okay, as
1641 |1462 |02:05:28 ~-~-> 02:05:33 |each one of these time windows passes by, so at seven o'clock we formed the
1642 |1463 |02:05:33 ~-~-> 02:05:37 |relative equal highs, and then at eight to 830 we didn't go up there yet. So
1643 |1464 |02:05:37 ~-~-> 02:05:43 |that means that what nine to 930 chances are that's the run. See how that does
1644 |1465 |02:05:43 ~-~-> 02:05:48 |that. It increases the likelihood of it going there. It doesn't diminish it,
1645 |1466 |02:05:48 ~-~-> 02:05:53 |because it's building up more trust in that area, right there. So the framework
1646 |1467 |02:05:53 ~-~-> 02:05:59 |begins at seven o'clock in the morning. Start looking for relative equal highs
1647 |1468 |02:05:59 ~-~-> 02:05:59 |to form,
1648 |1469 |02:06:00 ~-~-> 02:06:09 |not before he he takeaway is not before seven o'clock. At seven o'clock, look
1649 |1470 |02:06:09 ~-~-> 02:06:14 |for them to form big, big, big, big takeaway there. Okay, if you're looking
1650 |1471 |02:06:14 ~-~-> 02:06:17 |for relative equal highs prior to seven o'clock in the morning, you may, you may
1651 |1472 |02:06:17 ~-~-> 02:06:24 |get it, but many times you're expecting the london session to be completely
1652 |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
1653 |1474 |02:06:29 ~-~-> 02:06:36 |this filter where you're not trying to demand that the run on London is removed
1654 |1475 |02:06:36 ~-~-> 02:06:41 |or or dismissed because of price overload, overlapping it and going back
1655 |1476 |02:06:41 ~-~-> 02:06:46 |over top of it, because the general consensus is we could see the higher low
1656 |1477 |02:06:46 ~-~-> 02:06:50 |that they form inland. So if it's bearish or bullish relative to a higher
1657 |1478 |02:06:50 ~-~-> 02:06:54 |Time Frame draw, which is not necessary, notice, I haven't even used that here
1658 |1479 |02:06:54 ~-~-> 02:06:59 |yet. Only thing I used was a 15 minute time frame, a five minute time frame and
1659 |1480 |02:06:59 ~-~-> 02:07:04 |a one minute time frame. And I was framing on the basis of time because I
1660 |1481 |02:07:04 ~-~-> 02:07:07 |understand my algorithm. I understand what it's going to do. I understand
1661 |1482 |02:07:07 ~-~-> 02:07:14 |exactly what these markets are going to do every single day, every single day.
1662 |1483 |02:07:14 ~-~-> 02:07:19 |It will not stop, it will not be hidden from you, but it can be disrupted by
1663 |1484 |02:07:19 ~-~-> 02:07:25 |manual intervention, and that will always cause me to lose. It will always
1664 |1485 |02:07:25 ~-~-> 02:07:31 |cause me to be incorrect, because that's something that we and noone can predict.
1665 |1486 |02:07:31 ~-~-> 02:07:36 |It's their casino if they want to come in and, you know, disrupt everything. It
1666 |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
1667 |1488 |02:07:41 ~-~-> 02:07:47 |while trading, so that's that should be the number one reason why you should
1668 |1489 |02:07:47 ~-~-> 02:07:52 |never over leverage, because that is always looming, and we're in a condition
1669 |1490 |02:07:52 ~-~-> 02:07:56 |in the marketplace right now, in geopolitical tension and turmoil that is
1670 |1491 |02:07:57 ~-~-> 02:08:03 |expected to unfold At any given time, any moment, folks, things could pop off.
1671 |1492 |02:08:04 ~-~-> 02:08:08 |And your little indicator, or your little market structure idea, whether it
1672 |1493 |02:08:08 ~-~-> 02:08:13 |be mine or somebody else's stuff, means nothing. When that happens, it literally
1673 |1494 |02:08:13 ~-~-> 02:08:18 |is cannon fodder. It's gone. You're dusted. And if you happen to be over
1674 |1495 |02:08:18 ~-~-> 02:08:25 |leveraged when it happens, you're going to eat it and sorry but it's not going
1675 |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
1676 |1497 |02:08:29 ~-~-> 02:08:32 |end you and take you out of the game entirely. And all of that is avoidable
1677 |1498 |02:08:33 ~-~-> 02:08:36 |if you don't over leverage, if you trade with one contract and you try to capture
1678 |1499 |02:08:36 ~-~-> 02:08:40 |moves like this, I promise you're going to beat the socks off of every one of
1679 |1500 |02:08:40 ~-~-> 02:08:45 |the live streamers out there and my students included all of them that are
1680 |1501 |02:08:45 ~-~-> 02:08:48 |doing well. Now they're going to start applying this and watch and see how well
1681 |1502 |02:08:48 ~-~-> 02:08:52 |they start increasing. And people that don't like me, their trades are going to
1682 |1503 |02:08:52 ~-~-> 02:08:55 |start working. And go back and look at what I'm taught you here. They're going
1683 |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
1684 |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
1685 |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
1686 |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
1687 |1508 |02:09:16 ~-~-> 02:09:21 |one or the other. And if there's two extremes above and below the range
1688 |1509 |02:09:21 ~-~-> 02:09:25 |that's relative equal high and relative equal low, then you just wait for one of
1689 |1510 |02:09:25 ~-~-> 02:09:29 |them to be disrupted. And just sometimes you'll miss a move. Sometimes it'll do
1690 |1511 |02:09:29 ~-~-> 02:09:34 |it, and then you won't get a trade. Who cares? Who cares? When you back test
1691 |1512 |02:09:34 ~-~-> 02:09:39 |this, you're going to see like, what am I worried about? Man, like this is so
1692 |1513 |02:09:39 ~-~-> 02:09:44 |many times offered to me every single week, right? That's the mindset you need
1693 |1514 |02:09:44 ~-~-> 02:09:48 |to come away with. Not I gotta trade every single day when it's so obvious,
1694 |1515 |02:09:48 ~-~-> 02:09:54 |when it's so obvious, that's the ones you want to trade on, because retail is
1695 |1516 |02:09:54 ~-~-> 02:09:57 |going to have every hope and prayer hanging on those relative equal highs,
1696 |1517 |02:09:57 ~-~-> 02:10:02 |thinking it's resistance, and they're going. To eat them. They're going to
1697 |1518 |02:10:02 ~-~-> 02:10:08 |devour them and grind their bones to powder. And you can have a moral dilemma
1698 |1519 |02:10:08 ~-~-> 02:10:12 |and have some convictions about that being well, I can't do that to somebody
1699 |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
1700 |1521 |02:10:17 ~-~-> 02:10:23 |an account, and if they make the wrong move, don't interrupt them. That's how
1701 |1522 |02:10:23 ~-~-> 02:10:29 |you eat. That's how you eat here. And if you have a problem with that, then
1702 |1523 |02:10:30 ~-~-> 02:10:35 |trading is not for you, and there's nothing wrong with that either. But
1703 |1524 |02:10:36 ~-~-> 02:10:40 |hopefully you you see that when we're doing this, we're not trying to be
1704 |1525 |02:10:40 ~-~-> 02:10:45 |smart. We're not trying to be more popular than somebody else. We're not
1705 |1526 |02:10:45 ~-~-> 02:10:49 |trying to get more attention and more viewership or more followers. We're in
1706 |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,
1707 |1528 |02:10:55 ~-~-> 02:11:00 |and some of you will supercharge that and become pillars in the community and
1708 |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
1709 |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.
1710 |1531 |02:11:12 ~-~-> 02:11:16 |I've been trying to cultivate that since they were little. But they're they're
1711 |1532 |02:11:16 ~-~-> 02:11:21 |individual personalities, and you know how it is you don't want to listen to
1712 |1533 |02:11:21 ~-~-> 02:11:26 |your parents. And even if your dad Can Do It and Prove it over and over and
1713 |1534 |02:11:26 ~-~-> 02:11:29 |over and over and over again, sometimes still isn't enough as a motivation you
1714 |1535 |02:11:29 ~-~-> 02:11:33 |do because you have to want to do it. And guess what makes that happen when
1715 |1536 |02:11:33 ~-~-> 02:11:39 |you make them work menial jobs and they hate it? What's the alternative college
1716 |1537 |02:11:39 ~-~-> 02:11:47 |that's out of the question? So do what works, do what works, and can be proven
1717 |1538 |02:11:47 ~-~-> 02:11:53 |I could do this in front of the Supreme Court right, just like I did today. I
1718 |1539 |02:11:53 ~-~-> 02:11:58 |ain't afraid of it. I'm not afraid of this. And when you get that confidence,
1719 |1540 |02:11:58 ~-~-> 02:12:02 |it's not arrogance. But when somebody doesn't know how to do something and
1720 |1541 |02:12:02 ~-~-> 02:12:05 |they fail miserably, when they hear somebody talk like that, and when they
1721 |1542 |02:12:05 ~-~-> 02:12:11 |see somebody display it, it's so uncomfortable, it's unbearable for them.
1722 |1543 |02:12:12 ~-~-> 02:12:19 |So now you are a narcissistic jerk, you're arrogant, you're conceited. Okay,
1723 |1544 |02:12:19 ~-~-> 02:12:24 |is that going to make me lose money on the next trade? No, is that going to
1724 |1545 |02:12:24 ~-~-> 02:12:29 |make me forget to the logic that is being being employed here? No, I'm not
1725 |1546 |02:12:29 ~-~-> 02:12:35 |here for friends. I'm not here for friends. Neither should you be. I'm
1726 |1547 |02:12:35 ~-~-> 02:12:40 |warming up to these candlesticks when it's appropriate, but when the date is
1727 |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
1728 |1549 |02:12:45 ~-~-> 02:12:56 |is. It's a momentary engagement, and I'm leaving before any kids are made. Simple
1729 |1550 |02:12:56 ~-~-> 02:13:00 |as that. I'm staying protected. I'm wrapping up. I got a stop loss. I know
1730 |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
1731 |1552 |02:13:04 ~-~-> 02:13:09 |getting out of there before it does any damage. And that's me thinking like a
1732 |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
1733 |1554 |02:13:15 ~-~-> 02:13:21 |it when with the lady side. But hopefully you've learned something
1734 |1555 |02:13:21 ~-~-> 02:13:25 |today. I'm going to close this one. I want to invite you all tomorrow to the
1735 |1556 |02:13:25 ~-~-> 02:13:29 |comeback. If you found this insightful, it'll be a little bit more technical
1736 |1557 |02:13:29 ~-~-> 02:13:33 |tomorrow. Today was more or less the mindset, how to relax when you're
1737 |1558 |02:13:33 ~-~-> 02:13:37 |watching the charts and what to look for. So that way you're not holding so
1738 |1559 |02:13:37 ~-~-> 02:13:43 |much expectation of yourself, and then you can enjoy, enjoy studying it,
1739 |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
1740 |1561 |02:13:46 ~-~-> 02:13:52 |you're not really seeing any kind of fun characteristics in it, it's going to be
1741 |1562 |02:13:52 ~-~-> 02:13:56 |very hard to stick with it. So I tried to cultivate that today. If I was
1742 |1563 |02:13:56 ~-~-> 02:14:00 |successful, you can obviously show me by giving a thumbs up. I promise you, I
1743 |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
1744 |1565 |02:14:04 ~-~-> 02:14:07 |when you put the thumbs down either. It doesn't change anything, but it's just a
1745 |1566 |02:14:07 ~-~-> 02:14:12 |way for you to give me feedback that you found something in this today that made
1746 |1567 |02:14:12 ~-~-> 02:14:17 |sense for you, that you are inspired to go into your charts, and you had fun
1747 |1568 |02:14:17 ~-~-> 02:14:20 |while you were learning it. So this is going to be the end of lecture number
1748 |1569 |02:14:20 ~-~-> 02:14:25 |one, dealing with the foundations of determining a bias. It's very, very
1749 |1570 |02:14:25 ~-~-> 02:14:29 |simple. It doesn't, doesn't require a whole lot of complicated things. It's
1750 |1571 |02:14:29 ~-~-> 02:14:34 |very time specific. Without the time elements, none of it matters. And it's
1751 |1572 |02:14:34 ~-~-> 02:14:37 |very, very rule based. That doesn't require a whole lot of moving parts.
1752 |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
1753 |1574 |02:14:40 ~-~-> 02:14:44 |very, very simple logic, folks, not complicated at all, and I'll talk to you
1754 |1575 |02:14:44 ~-~-> 02:14:46 |tomorrow. Lord willing be safe. You.