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Last modified by Drunk Monkey on 2024-08-07 10:35
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4
5 == Outline ==
6
7 ##02:22 -## Using OBS streaming service for live streams, audio delay issues.
8
9 - ICT struggles with OBS settings, delays audio check.
10
11 ##03:58 -## Teaching children to be self-sufficient and not rely on others for income.
12
13 - The speaker, ICT, explains why they're teaching their kids to be self-sufficient and not rely on others for income.
14 - ICT shares their approach to teaching their kids, including making them work hard and not giving them money without effort.
15
16 ##06:57 -## Trading strategies and market analysis.
17
18 - ICT explains the importance of having a reason for trading and being mindful of market news.
19 - ICT provides insights on how to approach trading, including the importance of being responsible for losses.
20 - ICT emphasizes the importance of proper training and mentorship in trading.
21 - ICT plans to share his knowledge and experience with his son through a YouTube channel.
22 - ICT argues that price action is coded to follow time-based patterns, not buyer/seller pressure.
23 - ICT teaches a simple approach to trading based on time and market analysis.
24 - ICT encourages listeners to try his methods and see the results for themselves.
25
26 ##16:31 -## Teaching son how to trade cryptocurrency with full disclosure.
27
28 - Father and son experiment with trading cryptocurrency, using Top Step as a test case.
29 - The speaker's son wants to create a YouTube channel to share his learning journey, and the speaker is supportive of this decision.
30 - The speaker believes that the son's struggles and successes will draw a crowd and provide valuable insights.
31
32 ##19:59 -## Trading mindset and strategies for beginners.
33
34 - The speaker will mentor the listener on trading, focusing on their mindset and chart setup to determine their trading style.
35 - The speaker will help the listener develop real skills and a consistent baseline for evaluating their trading performance.
36 - The speaker emphasizes the importance of understanding market retracements and setting up a long-term trend model.
37 - The speaker encourages traders to focus on their own strategy and mindset, rather than trying to copy others.
38 - The speaker warns against using their content without permission, threatening to take down channels that violate their rights.
39 - The speaker encourages their students to create a secondary income stream through live streaming or other means to alleviate financial stress while trading.
40
41 ##28:00 -## Trading risks and importance of proper preparation.
42
43 - ICT argues against inviting uncertainty into trading decisions.
44 - Influencer warns against selective attention and lack of transparency in live streaming.
45
46 ##31:04 -## Overcoming mental barriers to trading success.
47
48 - The speaker emphasizes the importance of having the right mindset for learning and trading.
49 - The speaker encourages the audience to be the type of person who proves others wrong and does more than expected.
50 - The speaker's childhood experiences shape their need for control in adulthood.
51 - ICT emphasizes the importance of proper journaling for traders, citing the need to understand market bias and profiling.
52 - ICT challenges viewers to prove their trading skills by making $100,000 in 4 weeks, offering $500,000 to the successful trader.
53
54 ##38:18 -## Mentorship, learning, and market expectations.
55
56 - ICT: Overconfidence increases difficulty, time limit on learning.
57 - ICT warns against lazy learners with unrealistic expectations.
58
59 ##42:01 -## Trading and the importance of mental preparation.
60
61 - ICT warns of the dangers of chasing a "quick fix" in trading, leading to long-term negative consequences.
62 - The speaker compares basic training in the military to trading, emphasizing the importance of physical and mental toughness.
63 - The speaker prioritizes being an "island unto yourself" in trading, relying on one's own analysis and decision-making.
64 - ICT warns against gambling in trading with real money, citing personal experience.
65
66 ##48:16 -## Trading fear and anxiety, using a quarter to practice with small leverage.
67
68 - ICT teaches on market analysis, identifying potential liquidity draws and low-hanging fruit for short-term bias.
69 - ICT advises new traders to start small and let go of fear of first trade with real money.
70
71 ##51:50 -## Market analysis and trading strategies.
72
73 - Observe price movements and identify areas of liquidity and inefficiency to make informed trades.
74 - Market predisposed to move in one direction, but intervention possible.
75
76 ##56:16 -## Using time frames to identify market movements and make trades.
77
78 - ICT teaches traders to focus on 3 time frames: 15, 5, and 1 min.
79 - ICT identifies algorithmic characteristic to make money by buying below open and holding for whole day.
80
81 ##59:43 -## Trading psychology and proper techniques.
82
83 - Trader struggles with holding on to trades due to fear of losing gains.
84 - Trader records and analyzes price action to improve trading skills.
85 - ICT warns against impulsive trading, emphasizing the importance of a proper mindset and following rules.
86
87 ##01:05:58 -## Analyzing market liquidity and predicting price movements.
88
89 - ICT emphasizes liquidity and its importance in market movements.
90 - Trader shares 81 "pet techniques" with unique names, reflecting personal significance and discovery.
91
92 ##01:09:17 -## Identifying smooth price areas for potential disruption.
93
94 - The speaker observes that the market will go to areas of smoothness to disrupt orders above or below it.
95 - The speaker is not a fan of using Market Replay to watch price action, preferring to use other instruments instead.
96
97 ##01:11:49 -## Identifying high probability price movements using chart analysis.
98
99 - The speaker expresses frustration with the availability of real-time market analysis, wishing it weren't available to anyone.
100 - The speaker emphasizes the importance of journaling and annotating charts to study price movements and identify potential trading opportunities.
101 - ICT discusses the importance of identifying high probability trading opportunities by analyzing market dynamics and identifying relative equal highs on charts.
102 - ICT highlights the concept of priming, where traders continuously create expectations and manipulate market sentiment to influence price movements.
103 - ICT explains how to identify failure swings in price action, which the algorithm refers back to for trading decisions.
104 - ICT highlights the importance of identifying relative equal lows and highs in price action for trading success.
105
106 ##01:19:10 -## Identifying trading opportunities using price action and market structure analysis.
107
108 - ICT emphasizes the importance of understanding the time element in the market's behavior.
109 - The speaker emphasizes the importance of identifying smooth locations in price action on different time frames to increase the odds of a profitable trade.
110 - The speaker warns against blindly following his teachings and encourages listeners to use their own judgment and experience when trading.
111
112 ##01:23:08 -## Technical analysis and market behavior.
113
114 - ICT explains how to identify bullish breakers by analyzing candlestick patterns and volume imbalances.
115 - ICT demonstrates how to trade on the narrative of the market by focusing on short-term highs and inefficiencies.
116 - ICT identifies a scalp opportunity in a choppy market, highlighting the importance of identifying levels of support and resistance.
117 - ICT analyzes the market's reaction to these levels, noting the significance of clean breaks and the potential for a punishing move towards shorts.
118
119 ##01:28:49 -## Technical analysis and trading strategies using market replay.
120
121 - Long-term market participants can be identified by their consistent presence at the final table, just like in the World Series of Poker.
122 - ICT discusses market replay and trading strategies with live chart analysis.
123
124 ##01:31:50 -## Market analysis and trading strategies.
125
126 - The speaker emphasizes the importance of identifying smooth areas in the market where the price is being defended or offered.
127 - The speaker uses the concept of "bias" to explain how traders can determine which side of the marketplace the price will reach.
128 - 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.
129 - ICT emphasizes the importance of being reasonable and identifying problems in a relationship to overcome adversities.
130
131 ##01:37:52 -## Technical analysis and market predictions using charts and time frames.
132
133 - The speaker identified smooth areas in the market and used analogies to explain their analysis.
134 - The speaker used three time frames to identify potential highs and lows, with each time frame providing a stepping stone for their analysis.
135
136 ##01:40:26 -## Trading and market analysis using key times and chart analysis.
137
138 - ICT consistently predicts market movements despite skepticism from viewers.
139 - 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.
140 - The speaker encourages traders to be mindful of smooth market conditions and avoid disrupting them with unnecessary actions.
141
142 ##01:45:45 -## Trading strategies and market analysis.
143
144 - The speaker shares valuable insights on trading, including identifying market trends and making informed decisions.
145 - The speaker demonstrates a unique approach to trading by using a "bazooka" when necessary and a "match" when less powerful tools are required.
146
147 ##01:48:20 -## Trading strategies and market analysis.
148
149 - ICT shares his expertise on trading, revealing his methods for analyzing markets and executing trades.
150 - He emphasizes the importance of honesty and transparency in learning and sharing knowledge.
151 - ICT expresses his willingness to pour himself into mentorship and teaching, despite his potential to earn millions through private lessons.
152 - 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).
153 - 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.
154
155 ##01:54:22 -## Identifying bias in financial markets using smooth areas and jagged edges.
156
157 - ICT explains how to identify bias in markets by looking for smooth areas and jagged edges.
158 - ICT criticizes traders for not following his teachings and instead relying on other methods that are "gambling".
159
160 ##01:57:23 -## Technical analysis and market trends.
161
162 - ICT identifies a bullish breaker and highlights it for viewers to focus on.
163 - Viewers are encouraged to annotate charts and journal their findings to reinforce learning.
164 - The speaker identified a fair value gap in the price action and predicted that it would be attacked by sharks.
165 - The speaker advised against trading into levels where the sharks have already had a frenzy.
166 - The speaker discusses the importance of identifying fair value gaps in the market and how they can be used to make trading decisions.
167 - The speaker highlights the significance of inversion points in the market and how they can be used to identify potential buy areas.
168
169 ##02:04:59 -## Using time frames to predict market movements, with emphasis on avoiding over-leveraging due to geopolitical tensions.
170
171 - ICT identifies three opportunities for bias in the London session, starting at 7am.
172 - ICT emphasizes the importance of not over-leveraging due to geopolitical tensions and market volatility.
173
174 ##02:08:15 -## Identifying market bias using time and price analysis.
175
176 - ICT warns of over-leveraging and provides a secret trading strategy.
177 - ICT emphasizes the importance of confidence and hard work in trading.
178 - The speaker emphasizes the importance of having a bias-free mindset when trading.
179 - The speaker provides practical tips for identifying and managing one's emotions during trading.
180
181 == Transcription ==
182
183 (% class="hover min" %)
184 |1 |00:02:22 ~-~-> 00:02:27 |ICT: I Know, right? I know, another live stream, another mentorship. Oh, my
185 |2 |00:02:27 ~-~-> 00:02:33 |goodness. How you doing? Folks? Hope you're doing well, give me a second
186 |3 |00:02:33 ~-~-> 00:02:39 |here. I apologize for being slightly late. The OBS, streaming service thing I
187 |4 |00:02:39 ~-~-> 00:02:45 |hear I use wasn't cooperating with me, so I couldn't find the settings to get
188 |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
189 |6 |00:02:49 ~-~-> 00:02:59 |doing any more. Jaw burning. All right, it looks like, it looks like we're we're
190 |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
191 |8 |00:03:11 ~-~-> 00:03:16 |can hear myself in my headphones. I
192 |9 |00:03:33 ~-~-> 00:03:42 |the audio check one. That's about three seconds delay. That's pretty good, so I
193 |10 |00:03:42 ~-~-> 00:03:49 |have it set to the lowest latency. So when I'm showing my like 15 second chart
194 |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.
195 |12 |00:03:58 ~-~-> 00:04:07 |Alright, so let me explain to you why I'm even doing mentorship here, as you
196 |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
197 |14 |00:04:11 ~-~-> 00:04:17 |were born, trying to mold them and get them into the mindset not thinking for
198 |15 |00:04:18 ~-~-> 00:04:24 |The purposes of procuring an income from someone else's hand, you know, relying
199 |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,
200 |17 |00:04:30 ~-~-> 00:04:35 |when they can have time off. I don't like to cultivate an employee mentality,
201 |18 |00:04:36 ~-~-> 00:04:45 |because I don't have one. So my son, Caleb, recently had an interest in
202 |19 |00:04:45 ~-~-> 00:04:48 |making another attempt at doing this. I know a lot of you always ask, you know,
203 |20 |00:04:48 ~-~-> 00:04:53 |how my kids doing, how they doing in their in their learning and whatnot.
204 |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
205 |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
206 |23 |00:05:05 ~-~-> 00:05:10 |a lifestyle given to you, it kind of like makes you lazy and become very lots
207 |24 |00:05:10 ~-~-> 00:05:16 |of days ago when you just don't really have any pursuit in you. So that method
208 |25 |00:05:16 ~-~-> 00:05:23 |I've used has hopefully done its work in the venom of making him want to leave
209 |26 |00:05:23 ~-~-> 00:05:31 |the rat race, knowing that I'm not just going to dull money out to him, his
210 |27 |00:05:31 ~-~-> 00:05:37 |interest is again peaked, and want to make a good, good attempt at it. So I
211 |28 |00:05:37 ~-~-> 00:05:41 |get a lot of questions about, you know, if, if you're teaching your kids. How do
212 |29 |00:05:41 ~-~-> 00:05:45 |you teach your kids? You know, what is it that you do differently if you do
213 |30 |00:05:45 ~-~-> 00:05:50 |anything differently? And I, honestly, I do, I do things slightly differently
214 |31 |00:05:50 ~-~-> 00:05:54 |because, you know, they're my kids. Okay, you're not entitled to anything
215 |32 |00:05:54 ~-~-> 00:06:01 |from me. I'm not obligated to giving you anything. I'm not expected, you know, to
216 |33 |00:06:01 ~-~-> 00:06:07 |to be your best friend, or to be your your guiding light, as much as I seem
217 |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
218 |35 |00:06:12 ~-~-> 00:06:17 |you have this connection with me, because you hear the sincerity and what
219 |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
220 |37 |00:06:21 ~-~-> 00:06:25 |a an archive of me teaching, instructing, encouraging my own
221 |38 |00:06:25 ~-~-> 00:06:34 |children. So when I talking with a sense of sincerity and empathy, it's genuine,
222 |39 |00:06:34 ~-~-> 00:06:38 |because I have them in my mind. Now, invariably, sometimes I get a student
223 |40 |00:06:38 ~-~-> 00:06:42 |that's outside my family tree, and they'll contact me, and they'll say,
224 |41 |00:06:42 ~-~-> 00:06:46 |hey, look, you know, I really appreciate if you could do this, this, that. And I
225 |42 |00:06:46 ~-~-> 00:06:52 |would touch on those types of, those types of rather, and or one of my kids
226 |43 |00:06:52 ~-~-> 00:06:57 |will say, Dad, how do you how do you deal with a situation like this? Or what
227 |44 |00:06:57 ~-~-> 00:07:02 |if the market does that? Or how do you know when not to do something, or when
228 |45 |00:07:02 ~-~-> 00:07:08 |should you really push it aggressively? I'm going to talk a little bit about
229 |46 |00:07:08 ~-~-> 00:07:12 |that, not so much today, but I want to give like, a baseline on where you
230 |47 |00:07:12 ~-~-> 00:07:18 |should be at when you first sit down. Start learning how to do this. I'll push
231 |48 |00:07:18 ~-~-> 00:07:22 |buttons in front of you. I'll talk about where the market should go. I'll talk
232 |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
233 |50 |00:07:28 ~-~-> 00:07:33 |that I think are important. So that way, it kind of like filters out. And because
234 |51 |00:07:33 ~-~-> 00:07:38 |I plan on doing this Monday through Friday, it will be a exercise for you
235 |52 |00:07:39 ~-~-> 00:07:43 |now, if you're already profitable. If you're already profitable, whether
236 |53 |00:07:43 ~-~-> 00:07:48 |you're using my concepts or a derivative of them, or you're doing something
237 |54 |00:07:48 ~-~-> 00:07:51 |entirely different, it's probably better that you don't watch it live stream.
238 |55 |00:07:51 ~-~-> 00:07:55 |Just do what you normally do, because I'm probably going to distract you, or
239 |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
240 |57 |00:07:58 ~-~-> 00:08:03 |calls me to lose money, and you won't take responsibility. And you need to be
241 |58 |00:08:03 ~-~-> 00:08:10 |responsible. Okay, the things I'm going to touch on is, obviously, you know
242 |59 |00:08:12 ~-~-> 00:08:15 |where your mind should be every day, sitting down in front of the charts, you
243 |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
244 |61 |00:08:19 ~-~-> 00:08:22 |started the stream at around eight o'clock. I know it's like seven minutes
245 |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
246 |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
247 |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
248 |65 |00:08:40 ~-~-> 00:08:45 |with you until probably the quarter after 10. Okay, but this mentorship, at
249 |66 |00:08:45 ~-~-> 00:08:49 |least the first lecture here, is probably going to be a little annoying
250 |67 |00:08:49 ~-~-> 00:08:53 |for some of you that just want to get out here and start pushing buttons. But
251 |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
252 |69 |00:08:56 ~-~-> 00:09:01 |you have time to do it, but before you watch tomorrow's live stream, okay?
253 |70 |00:09:01 ~-~-> 00:09:04 |Because otherwise you'll miss the whole importance of what it is that you should
254 |71 |00:09:04 ~-~-> 00:09:08 |be doing before you sit down. Whether you're watching my live stream, someone
255 |72 |00:09:08 ~-~-> 00:09:12 |else's live stream, or you're doing your own model, you're in trading, okay?
256 |73 |00:09:12 ~-~-> 00:09:16 |Because it's very, very important that you have a real reason of why you're
257 |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
258 |75 |00:09:21 ~-~-> 00:09:25 |out so something can go on social media and get some clicks and likes and some
259 |76 |00:09:25 ~-~-> 00:09:29 |interactions because you need to get your grocery bill paid, and that's fine,
260 |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
261 |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
262 |79 |00:09:35 ~-~-> 00:09:39 |sending me emails. Okay, just I got plenty of time for that. Don't worry
263 |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
264 |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
265 |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
266 |83 |00:09:51 ~-~-> 00:09:55 |relax. Keep making your videos, because you look stupid. Exposed. ICT field,
267 |84 |00:09:56 ~-~-> 00:10:01 |Robin's cup, it's going to make it even better. But anyway. Okay, our focus is
268 |85 |00:10:01 ~-~-> 00:10:06 |going to be primarily on the NASDAQ today, but in this mentorship, I will go
269 |86 |00:10:06 ~-~-> 00:10:11 |back to talking about forex, because I know a lot of you are stuck in that
270 |87 |00:10:11 ~-~-> 00:10:16 |asset class. Okay, even though I'm not interested in pushing any orders through
271 |88 |00:10:16 ~-~-> 00:10:21 |that market anymore, I will cover some of the things that are salient to that
272 |89 |00:10:21 ~-~-> 00:10:26 |individual asset class when it is appropriate, but it's not appropriate
273 |90 |00:10:26 ~-~-> 00:10:29 |right now, because right now, I want you to think about what it is that you
274 |91 |00:10:29 ~-~-> 00:10:33 |should be doing before you are trying to trade before you're trying to trade with
275 |92 |00:10:33 ~-~-> 00:10:39 |your funded accounts or trying to pass combines or whatnot. Full disclosure, I
276 |93 |00:10:39 ~-~-> 00:10:43 |talked to Caleb, and I asked him, you know, what his intentions were, what he
277 |94 |00:10:43 ~-~-> 00:10:49 |wants to do, what he's willing to do. He wants to share and document his
278 |95 |00:10:49 ~-~-> 00:10:56 |progress. So he'll be doing a YouTube channel. So when I teach, I'm talking,
279 |96 |00:10:56 ~-~-> 00:10:59 |he's not with me right now, but he's listening and watching it live like you
280 |97 |00:10:59 ~-~-> 00:11:06 |are. So the things I'm talking about in this is going to be my suggestion to
281 |98 |00:11:06 ~-~-> 00:11:10 |you, if you maybe have watched some of my videos, maybe you watched a lot of my
282 |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
283 |100 |00:11:14 ~-~-> 00:11:17 |right now. What do I do right now? Because it's very daunting seeing how
284 |101 |00:11:17 ~-~-> 00:11:20 |many videos I have and all these different concepts and all these
285 |102 |00:11:20 ~-~-> 00:11:27 |different things, these moving parts. It's, it's very intimidating, and I get
286 |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
287 |104 |00:11:31 ~-~-> 00:11:35 |entire encyclopedia of what I'm willing to give to the public. So you can go and
288 |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
289 |106 |00:11:41 ~-~-> 00:11:45 |correctly this time, where it's step by step, Dad's going to be explaining it
290 |107 |00:11:45 ~-~-> 00:11:49 |live, so that way there's no hindsight stuff. Not that it was ever hindsight.
291 |108 |00:11:49 ~-~-> 00:11:53 |When I was teaching him, he would watch me push the button right in front of
292 |109 |00:11:53 ~-~-> 00:11:56 |him. He would see me explain. I think it's going to go here. This is where
293 |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
294 |111 |00:11:59 ~-~-> 00:12:03 |do that. This is real mentorship. Okay? It's we're not going to be doing any
295 |112 |00:12:03 ~-~-> 00:12:06 |market replay, and we're going to talk about theory and say, now let me push
296 |113 |00:12:06 ~-~-> 00:12:09 |the market forward and watch what happens when you had the benefit of
297 |114 |00:12:09 ~-~-> 00:12:12 |already knowing what it's going to do. That is absolutely not that's not
298 |115 |00:12:12 ~-~-> 00:12:16 |mentorship. That is absolutely not teaching anybody anything, and it
299 |116 |00:12:16 ~-~-> 00:12:21 |certainly doesn't inspire trust in the person that you're learning from because
300 |117 |00:12:21 ~-~-> 00:12:27 |they have the added benefit of knowing what has already happened. So seeing
301 |118 |00:12:27 ~-~-> 00:12:33 |live price action, watching data tick, without the benefit of knowing what it's
302 |119 |00:12:33 ~-~-> 00:12:36 |going to do, is exactly what you as a trader are going to have to encounter
303 |120 |00:12:36 ~-~-> 00:12:41 |every single time you sit in front of the charts. You don't know what's going
304 |121 |00:12:41 ~-~-> 00:12:45 |to happen, and right now is a wonderful learning experience, because the climate
305 |122 |00:12:46 ~-~-> 00:12:50 |is so statically charged. Everything that's going on over the Middle East
306 |123 |00:12:50 ~-~-> 00:12:55 |right now, they're going to have reverberations throughout the entire
307 |124 |00:12:55 ~-~-> 00:13:03 |market, globally, and probably in your neck of the woods where you live. So it
308 |125 |00:13:03 ~-~-> 00:13:08 |increases the level of responsibility on your part as someone that wants to
309 |126 |00:13:08 ~-~-> 00:13:12 |engage in these markets because they're very risky. And now add to it the
310 |127 |00:13:12 ~-~-> 00:13:22 |increased level and amplitude of uncertainty where anything can happen, a
311 |128 |00:13:22 ~-~-> 00:13:28 |bomb drops, or a series of bombs drop in an unexpected location, and then, boom,
312 |129 |00:13:28 ~-~-> 00:13:33 |everything starts changing rapidly, and that fear and that rush will be injected
313 |130 |00:13:33 ~-~-> 00:13:34 |into the marketplace,
314 |131 |00:13:36 ~-~-> 00:13:39 |and they will use, they being the people that are in charge of price action. It's
315 |132 |00:13:39 ~-~-> 00:13:42 |not the buying and selling pressure that moves price. And you'll hear a lot about
316 |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
317 |134 |00:13:46 ~-~-> 00:13:50 |you don't believe in an algorithm. I know you believe that you know buyers
318 |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
319 |136 |00:13:55 ~-~-> 00:13:58 |believe in fairy tales. That's your that's your business. I'm not going to
320 |137 |00:13:58 ~-~-> 00:14:04 |try to wake you up from your dream. Sleep tight. Price. Will do what it's
321 |138 |00:14:04 ~-~-> 00:14:13 |going to do because it's coded to do it based on time. Okay, and time is
322 |139 |00:14:13 ~-~-> 00:14:18 |essential. It's the first Hallmark to when and why a market should produce a
323 |140 |00:14:18 ~-~-> 00:14:22 |displacement, a run, whether it be impulsive, whether it be retracement,
324 |141 |00:14:22 ~-~-> 00:14:27 |whether it be anything, it's always going to be delivered on the basis of
325 |142 |00:14:27 ~-~-> 00:14:34 |time. It's going to move at a specific time or a period of time within 20
326 |143 |00:14:34 ~-~-> 00:14:37 |minutes. That's a macro. And we're going to talk about those things because I
327 |144 |00:14:37 ~-~-> 00:14:43 |want to simplify it for my son. You all are getting that benefit of seeing it,
328 |145 |00:14:43 ~-~-> 00:14:50 |hearing it, and being explained to you as if it were you being Caleb, I'm not
329 |146 |00:14:50 ~-~-> 00:14:54 |hiding anything. I just sent him a text before I started. I said, just stop
330 |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
331 |148 |00:14:58 ~-~-> 00:15:02 |you're distracting. Okay, so there's. No secret, texting going on. There's no
332 |149 |00:15:02 ~-~-> 00:15:06 |conversation behind the scenes. Everything you see and experience while
333 |150 |00:15:06 ~-~-> 00:15:12 |I'm doing these live streams is exactly what he's digesting the same way. And
334 |151 |00:15:12 ~-~-> 00:15:16 |the things that I'm going to encourage him to do, my suggestion is to try it
335 |152 |00:15:16 ~-~-> 00:15:21 |for yourself, and you're going to see everything that I taught is absolutely
336 |153 |00:15:21 ~-~-> 00:15:25 |not complicated. The complication comes from people that want to take my stuff.
337 |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
338 |155 |00:15:31 ~-~-> 00:15:36 |write a book. There's dozens of books about me now, and I'm quite certain all
339 |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
340 |157 |00:15:42 ~-~-> 00:15:47 |won't be forever, and somebody else will become something interesting, and
341 |158 |00:15:47 ~-~-> 00:15:53 |that'll be the new buzz thing. But right now, the problem with it, the community
342 |159 |00:15:53 ~-~-> 00:15:57 |that has any interest in me, is either they want to do the gotcha about me
343 |160 |00:15:57 ~-~-> 00:16:03 |because it gives them grocery money, or they want to learn from me, and then say
344 |161 |00:16:03 ~-~-> 00:16:06 |they don't learn from me, but they talk with my vernacular. They use all my
345 |162 |00:16:06 ~-~-> 00:16:11 |terms. They trade just like me, but they say they don't, and they do mentorships.
346 |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
347 |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
348 |165 |00:16:23 ~-~-> 00:16:26 |response to you being here, because you're going to learn how to finally do
349 |166 |00:16:26 ~-~-> 00:16:31 |it, instead of pretending, instead of talking about and teaching through
350 |167 |00:16:31 ~-~-> 00:16:38 |Market Replay. Okay? I asked my son what his interest was. He doesn't want me to
351 |168 |00:16:38 ~-~-> 00:16:43 |give him money to trade with, which is good. That's cool. So I asked him what
352 |169 |00:16:43 ~-~-> 00:16:49 |his intentions were, and yeah, so you're going to go through like a prof again.
353 |170 |00:16:50 ~-~-> 00:16:55 |And he said he was going to use top step now, full disclosure, if anyone, if
354 |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
355 |172 |00:17:00 ~-~-> 00:17:05 |have students in my mentorship that are affiliated with them directly, not just
356 |173 |00:17:05 ~-~-> 00:17:12 |users of it, but they have no connection to me. They have no connection to my
357 |174 |00:17:12 ~-~-> 00:17:18 |son, Caleb. There is no affiliate links. Okay. I have no connection with top
358 |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
359 |176 |00:17:22 ~-~-> 00:17:27 |partner with them. I'm not trying to push any of you to their company. I
360 |177 |00:17:27 ~-~-> 00:17:32 |personally would not trade with with a company like any of them. I guess I
361 |178 |00:17:32 ~-~-> 00:17:36 |personally wouldn't do it. I'm just stating full disclosure. While my son
362 |179 |00:17:36 ~-~-> 00:17:43 |learns how to do this, when he feels equipped to do that again, he will then
363 |180 |00:17:44 ~-~-> 00:17:50 |use top step to do a funded account. So that way everything could be seen
364 |181 |00:17:50 ~-~-> 00:17:56 |through the lens of that instrument. So you can see what he's doing when he's
365 |182 |00:17:56 ~-~-> 00:17:59 |making money when he's not making money. If he does any withdraws and gets
366 |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
367 |184 |00:18:04 ~-~-> 00:18:09 |baby experiment. He's completely he says he is, we'll see what happens when we
368 |185 |00:18:09 ~-~-> 00:18:12 |get a little further along. But he says he's comfortable with disclosing all of
369 |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
370 |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
371 |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
372 |189 |00:18:23 ~-~-> 00:18:26 |good and he's your son, he shouldn't need to do all these things. Well,
373 |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
374 |191 |00:18:30 ~-~-> 00:18:34 |job, but you're probably on other people's YouTube channels, and you're
375 |192 |00:18:34 ~-~-> 00:18:37 |trolling people, and you're on social media trolling because you're miserable
376 |193 |00:18:37 ~-~-> 00:18:41 |because you don't have any money. Dad's not giving him any money. He doesn't
377 |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.
378 |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
379 |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
380 |197 |00:18:55 ~-~-> 00:19:01 |my kids work if he knows there is an interest, and there's a huge interest in
381 |198 |00:19:01 ~-~-> 00:19:06 |what my kids are learning from me directly. So if I'm willing to teach him
382 |199 |00:19:06 ~-~-> 00:19:10 |that, and he's willing to share that, and I'm comfortable with that, because
383 |200 |00:19:10 ~-~-> 00:19:14 |if he makes a YouTube channel while he's learning, yes, there will be ad revenue
384 |201 |00:19:14 ~-~-> 00:19:19 |behind those videos that he puts up and shows his his progress. That's not
385 |202 |00:19:19 ~-~-> 00:19:23 |important right now, in the grand scheme of things, because there isn't going to
386 |203 |00:19:23 ~-~-> 00:19:27 |be a whole lot of viewership, I'm sure initially, there's going to be the
387 |204 |00:19:27 ~-~-> 00:19:32 |morbid curiosity of seeing him fail when he does fail, and they will be
388 |205 |00:19:32 ~-~-> 00:19:37 |celebrated amongst the social media networks. Okay, that's great. That's,
389 |206 |00:19:37 ~-~-> 00:19:42 |that's, that's good, because that draws a crowd. But when he has his milestones
390 |207 |00:19:42 ~-~-> 00:19:45 |where he grows and gets a little bit more understanding, and he finds his
391 |208 |00:19:45 ~-~-> 00:19:50 |successes, and you hear him explain what he struggles with, when you hear him
392 |209 |00:19:50 ~-~-> 00:19:54 |explain what he felt victorious over, and what he made a big deal out of,
393 |210 |00:19:55 ~-~-> 00:19:58 |while he was first learning how to do it, and then he realizes it wasn't that
394 |211 |00:19:58 ~-~-> 00:20:04 |big of a deal. And. It will personify the very things that I've already taught
395 |212 |00:20:04 ~-~-> 00:20:07 |and mentioned in Twitter spaces where I would more or less Council, encourage
396 |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
397 |214 |00:20:14 ~-~-> 00:20:19 |we you and I have a intimate relationship, that I care about you on a
398 |215 |00:20:19 ~-~-> 00:20:26 |personal level, because I'm speaking that way to them, so you can tap into
399 |216 |00:20:26 ~-~-> 00:20:32 |that same network and or hive mentality that I have directed towards my own
400 |217 |00:20:32 ~-~-> 00:20:36 |children. By going through this mentorship, it will be over life price
401 |218 |00:20:36 ~-~-> 00:20:42 |action, it'll be real experience that we can see what it is that you should be
402 |219 |00:20:42 ~-~-> 00:20:46 |doing, and try, at my best, try to steer you away from the things that you're
403 |220 |00:20:46 ~-~-> 00:20:49 |probably going to want to be doing, but they're going to be detrimental to your
404 |221 |00:20:49 ~-~-> 00:20:57 |development. And this first lecture is, number one, your mindset going into it,
405 |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
406 |223 |00:21:02 ~-~-> 00:21:06 |determine what type of trader you're going to be, because it's real important
407 |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,
408 |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
409 |226 |00:21:16 ~-~-> 00:21:21 |what that is for yourself today too. Because you don't have that direction.
410 |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
411 |228 |00:21:25 ~-~-> 00:21:27 |going to chase things, you're going to worry about things that are not
412 |229 |00:21:27 ~-~-> 00:21:31 |important. It's going to actually slow your growth. It'll slow down your
413 |230 |00:21:31 ~-~-> 00:21:37 |productivity, and it'll hold you back. And there's nothing more challenging
414 |231 |00:21:37 ~-~-> 00:21:41 |than feeling like you're not doing enough in trading, because no matter if
415 |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,
416 |233 |00:21:44 ~-~-> 00:21:47 |whether it be a demo account, dabbling around with it, or you tried funded
417 |234 |00:21:47 ~-~-> 00:21:51 |accounts, and maybe you got lucky, you got to pay out. And then now you never
418 |235 |00:21:51 ~-~-> 00:21:58 |can do it again. What changed? Nothing changed. You just got lucky doing
419 |236 |00:21:58 ~-~-> 00:22:02 |something that had no bearing on what you should be doing consistently going
420 |237 |00:22:02 ~-~-> 00:22:08 |forward. It was just an aberration and something that it just happened, but now
421 |238 |00:22:08 ~-~-> 00:22:12 |you have attributed to all that methods. That's that skill, and we're going to
422 |239 |00:22:12 ~-~-> 00:22:17 |show how you develop real skill so that way you can produce a consistent
423 |240 |00:22:18 ~-~-> 00:22:26 |baseline to to evaluate. Okay, do I want to be a trader that focuses on long term
424 |241 |00:22:26 ~-~-> 00:22:28 |trend, directional moves and
425 |242 |00:22:30 ~-~-> 00:22:34 |only trading in that direction? Or do I look for periods where, even in those
426 |243 |00:22:34 ~-~-> 00:22:41 |long term, daily and weekly movements, where can I see potential intermediate
427 |244 |00:22:41 ~-~-> 00:22:46 |term or short term retracements, because I understand the trend may be going in
428 |245 |00:22:46 ~-~-> 00:22:50 |one direction, but it's something I don't trust to get it be a part of,
429 |246 |00:22:50 ~-~-> 00:22:54 |because maybe you've tried entering on trend models, and they burn you and they
430 |247 |00:22:54 ~-~-> 00:23:01 |retrace deeply against you, and you feel more comfortable fading those types of
431 |248 |00:23:01 ~-~-> 00:23:05 |moods. I'm going to teach on that topic as well. So that way you'll have
432 |249 |00:23:05 ~-~-> 00:23:10 |reversible patterns. Turtle suit, real turtle suit, not Twitter. Wish versions
433 |250 |00:23:10 ~-~-> 00:23:17 |of it. The idea of knowing where the market should retrace deeper, maybe even
434 |251 |00:23:17 ~-~-> 00:23:22 |the basis of retracing to set up a long term trend model and treat to get in
435 |252 |00:23:22 ~-~-> 00:23:29 |sync with that daily and or weekly direction. So it's real important that
436 |253 |00:23:29 ~-~-> 00:23:35 |you have some input initially, not just take everything I'm saying, writing it
437 |254 |00:23:35 ~-~-> 00:23:37 |down your notes and saying, Okay, I'm going to do this, this, this, this,
438 |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
439 |256 |00:23:40 ~-~-> 00:23:44 |to give me what I'm looking for there. We're in that gray area initially, where
440 |257 |00:23:44 ~-~-> 00:23:48 |you have the responsibility, because if you don't do this part correctly,
441 |258 |00:23:49 ~-~-> 00:23:54 |everything you do after this holds you up. And it's not because my stuff
442 |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
443 |260 |00:23:57 ~-~-> 00:24:01 |you can't be consistently profitable. It just means that you screwed up and
444 |261 |00:24:01 ~-~-> 00:24:07 |didn't listen to this first lesson. You have to determine what you're going to
445 |262 |00:24:07 ~-~-> 00:24:13 |do as a trader, and then whatever that is, you bloom. There. You plant yourself
446 |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
447 |264 |00:24:17 ~-~-> 00:24:20 |what every one of my other students do that live stream and do it right in
448 |265 |00:24:20 ~-~-> 00:24:24 |front of you. You don't care what anybody else is doing, even outside of
449 |266 |00:24:24 ~-~-> 00:24:28 |my circle of influence, whatever they're doing, whether they're being profitable
450 |267 |00:24:28 ~-~-> 00:24:32 |or not, that's none of your business. You're going to have no bearing on their
451 |268 |00:24:32 ~-~-> 00:24:35 |outcome or their results. You're not going to make them more money. You're
452 |269 |00:24:35 ~-~-> 00:24:40 |not going to prevent them from being profitable. So why waste any time trying
453 |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
454 |271 |00:24:45 ~-~-> 00:24:49 |you should try to copy is the mindset about what I'm going to cover, in terms
455 |272 |00:24:49 ~-~-> 00:24:55 |of reading price, very specific, generic things that are absolutely not
456 |273 |00:24:55 ~-~-> 00:25:00 |complicated, folks. It is not complicated. Complication. Is when
457 |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
458 |275 |00:25:05 ~-~-> 00:25:10 |or my teachings or my lectures. That's what makes it complicated. That's why
459 |276 |00:25:10 ~-~-> 00:25:14 |everybody asks for my slides from the mentorship. That's why everybody says,
460 |277 |00:25:14 ~-~-> 00:25:19 |talk little. You talk too much, because most of them are not English speaking
461 |278 |00:25:19 ~-~-> 00:25:23 |individuals, and they want to translate it into their local language. And if you
462 |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
463 |280 |00:25:26 ~-~-> 00:25:29 |doing a YouTube channel, and it's a dozen of you right now that I'm getting
464 |281 |00:25:29 ~-~-> 00:25:33 |ready to copyright strikes against you're translating all of my mentorship
465 |282 |00:25:33 ~-~-> 00:25:37 |videos into your local language, and I don't give you permission to do that.
466 |283 |00:25:37 ~-~-> 00:25:41 |I've already taken down several channels that have done that, and you can be mad
467 |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
468 |285 |00:25:44 ~-~-> 00:25:47 |about that. But I've already said that. I don't give you permission to do that.
469 |286 |00:25:48 ~-~-> 00:25:51 |You know, if you want to do that, go write a book on Amazon. That's what
470 |287 |00:25:51 ~-~-> 00:25:55 |people have done. Okay, I can't stop you from doing that, and everybody wants,
471 |288 |00:25:55 ~-~-> 00:25:59 |apparently, wants to buy them. So go ahead and go. Go do that. But you don't
472 |289 |00:25:59 ~-~-> 00:26:04 |have my permission to take the the work, the time and effort I put into making
473 |290 |00:26:04 ~-~-> 00:26:09 |the charts, the lectures, the graphics, all those things I did that on my own.
474 |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
475 |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
476 |293 |00:26:16 ~-~-> 00:26:19 |already warned you ahead of time. So no, you don't have the permission to do
477 |294 |00:26:19 ~-~-> 00:26:25 |that, but Caleb will have whatever he gets in terms of ad revenue to help meet
478 |295 |00:26:25 ~-~-> 00:26:32 |his bills while he works his job, and it helps alleviate some of those things
479 |296 |00:26:32 ~-~-> 00:26:35 |that plague people while they're trying to learn, which is, I need to make money
480 |297 |00:26:35 ~-~-> 00:26:41 |real fast, because you can't force being profitable. You can't do it, folks, you
481 |298 |00:26:41 ~-~-> 00:26:45 |absolutely cannot do it. And I said this in my mentorship to my students. I said,
482 |299 |00:26:45 ~-~-> 00:26:51 |Listen, one of the best things you can do is create another stream of income.
483 |300 |00:26:51 ~-~-> 00:26:55 |And I gave them permission that, hey, look, if you want to go out and live
484 |301 |00:26:55 ~-~-> 00:27:03 |stream, not teach. That was when I was doing mentorship, go out and show on a
485 |302 |00:27:03 ~-~-> 00:27:07 |live stream and monetize it that your development is here. Here's what I'm
486 |303 |00:27:07 ~-~-> 00:27:10 |trying to do. I'm trying to be profitable. And I'm going to trade the
487 |304 |00:27:10 ~-~-> 00:27:16 |forex market, or I'm going to trade, you know, Futures, or whatever is, you know,
488 |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,
489 |306 |00:27:21 ~-~-> 00:27:24 |did you hear about crypto? Or Trump came out and said he was going to make
490 |307 |00:27:24 ~-~-> 00:27:28 |America like the the hub for Bitcoin? All of a sudden, Bitcoin fell out of
491 |308 |00:27:28 ~-~-> 00:27:37 |bed. That's interesting, isn't it? But anyway, I encourage my students to live
492 |309 |00:27:37 ~-~-> 00:27:42 |stream, to get a secondary income, because that passive secondary income
493 |310 |00:27:43 ~-~-> 00:27:50 |can be a way of maneuvering the fear and anxiety away from you needing to be
494 |311 |00:27:50 ~-~-> 00:27:57 |perfect in your trades, which is absolutely toxic, absolutely toxic. You
495 |312 |00:27:57 ~-~-> 00:28:03 |cannot have that mindset as a trader. You can't do that. You have to invite
496 |313 |00:28:03 ~-~-> 00:28:09 |the opportunity for you to be wrong. And that doesn't sound productive. It sounds
497 |314 |00:28:10 ~-~-> 00:28:15 |counterintuitive to say, Okay, I invite myself to be incorrect about what my
498 |315 |00:28:15 ~-~-> 00:28:19 |assumptions are about price action right now, and when I go into a trade, when
499 |316 |00:28:19 ~-~-> 00:28:22 |you go into a trade, as soon as you enter that trade, you've completely
500 |317 |00:28:22 ~-~-> 00:28:31 |given the responsibility of the outcome to the market. You don't have any
501 |318 |00:28:31 ~-~-> 00:28:34 |assurity that your stop loss is going to get you out at that price. You don't
502 |319 |00:28:34 ~-~-> 00:28:39 |have that promise, that guarantee the market could happen, especially in the
503 |320 |00:28:39 ~-~-> 00:28:43 |conditions we have right now where a bomb a war can break out in an
504 |321 |00:28:43 ~-~-> 00:28:49 |undisclosed location, boom, unexpected events, bang, you have a huge gap, and
505 |322 |00:28:49 ~-~-> 00:28:52 |it could gap way beyond what your stop loss is. And guess what, folks, that
506 |323 |00:28:52 ~-~-> 00:28:56 |risk is always there. That's why every brokerage firm makes you sign these risk
507 |324 |00:28:56 ~-~-> 00:29:01 |disclosures, because that's what can happen, and when it happens, you want to
508 |325 |00:29:01 ~-~-> 00:29:05 |sue the brokerage company. You want to sue this one and sue that one, because
509 |326 |00:29:07 ~-~-> 00:29:12 |the unexpected happen. And for individuals that trade with extreme
510 |327 |00:29:12 ~-~-> 00:29:16 |leverage that would never do that with a real account, but they are doing it with
511 |328 |00:29:16 ~-~-> 00:29:19 |their funded account, because all they gotta do is pay the reset, or they get
512 |329 |00:29:19 ~-~-> 00:29:23 |free, free resets because they're having affiliate program with one of these
513 |330 |00:29:23 ~-~-> 00:29:28 |companies. It kind of promotes the wrong, wrong idea. Okay, it doesn't
514 |331 |00:29:28 ~-~-> 00:29:36 |matter how many times you can show that you did something right here, but you're
515 |332 |00:29:36 ~-~-> 00:29:38 |constantly restarting these new accounts. You're if you're an
516 |333 |00:29:38 ~-~-> 00:29:42 |influencer, and you keep doing that, you're actually having a detrimental
517 |334 |00:29:42 ~-~-> 00:29:47 |impact on your viewership, because knowing that people have selective
518 |335 |00:29:47 ~-~-> 00:29:51 |vision and selective hearing, they're attracted to when it's right and when it
519 |336 |00:29:51 ~-~-> 00:29:56 |makes money, so therefore, I want to be like this person, because look what they
520 |337 |00:29:56 ~-~-> 00:30:00 |just made. But if you're not disclosing the entirety behind. Everything, and I
521 |338 |00:30:00 ~-~-> 00:30:06 |just blew 25 accounts, or I just had to reset 16 accounts, because every one of
522 |339 |00:30:06 ~-~-> 00:30:12 |them just got blew out. It kind of it kind of defeats the whole premise behind
523 |340 |00:30:12 ~-~-> 00:30:17 |what is it you're doing following them, except for just entertainment value. So
524 |341 |00:30:17 ~-~-> 00:30:23 |I'm trying not to be anything but straight nuts and bolts. This is what
525 |342 |00:30:23 ~-~-> 00:30:26 |you're supposed to be focusing on. But if I don't lay the groundwork initially
526 |343 |00:30:26 ~-~-> 00:30:31 |on the first discussion here, in the first 20 minutes or so, you won't know
527 |344 |00:30:31 ~-~-> 00:30:36 |what we're doing, and you'll just be watching for something and anticipating
528 |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
529 |346 |00:30:40 ~-~-> 00:30:44 |to be helpful to you. In fact, it'll probably be very frustrating for you,
530 |347 |00:30:44 ~-~-> 00:30:50 |and you'll either turn off and go watch the usual suspects on my t live
531 |348 |00:30:50 ~-~-> 00:30:55 |streaming, or you'll just walk away and you'll do nothing with and maybe you'll
532 |349 |00:30:55 ~-~-> 00:30:59 |come back to this live stream at a later time, but you'll still have this better,
533 |350 |00:30:59 ~-~-> 00:31:01 |better taste in your mouth, and you won't be willing to write down the
534 |351 |00:31:01 ~-~-> 00:31:06 |things I'm talking about and preparing yourself. You have to absolutely prepare
535 |352 |00:31:06 ~-~-> 00:31:11 |yourself to learn properly. And if you don't have that mindset going in,
536 |353 |00:31:11 ~-~-> 00:31:19 |everything you do, everything you focus on, will be the wrong things. They'll
537 |354 |00:31:19 ~-~-> 00:31:25 |they'll all be doing things that are, you know, moving towards consistently
538 |355 |00:31:26 ~-~-> 00:31:29 |profitable, that that's, that's the number one goal, whether it be learning
539 |356 |00:31:29 ~-~-> 00:31:36 |from me or learning from anyone else, it's, it's not a task that is outside
540 |357 |00:31:36 ~-~-> 00:31:41 |your grasp right now. It might be because you're brand new, but if you do
541 |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
542 |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
543 |360 |00:31:51 ~-~-> 00:31:56 |try to trade every single fluctuation in price. He doesn't try to do everything
544 |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
545 |362 |00:32:00 ~-~-> 00:32:09 |do they all dabble too much. And if you simply go through this simple question
546 |363 |00:32:09 ~-~-> 00:32:14 |and answer for yourself right now, are you someone now? If you're not paying
547 |364 |00:32:14 ~-~-> 00:32:21 |attention right now, you're distracted, you're going to miss it. But the type of
548 |365 |00:32:21 ~-~-> 00:32:24 |person you are right now, are you someone, if someone says to you,
549 |366 |00:32:26 ~-~-> 00:32:30 |I don't think this is possible, and it doesn't necessarily trading I don't
550 |367 |00:32:30 ~-~-> 00:32:34 |think this is possible, or I don't think that you can do that. Are you someone
551 |368 |00:32:34 ~-~-> 00:32:43 |that says they're probably right, or I'm going to show this person they're wrong,
552 |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
553 |370 |00:32:47 ~-~-> 00:32:51 |beyond what they thought. I said I was going to do, or I could do, and they
554 |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
555 |372 |00:32:55 ~-~-> 00:32:59 |going to divide you all as an audience, because either you're going to be
556 |373 |00:32:59 ~-~-> 00:33:04 |someone that's going to be influenced and held back by someone else's opinion
557 |374 |00:33:04 ~-~-> 00:33:10 |or suggestion on you, or maybe you've watched someone else receive criticism.
558 |375 |00:33:12 ~-~-> 00:33:16 |Okay, you've watched other people receive criticism, and then you somehow
559 |376 |00:33:16 ~-~-> 00:33:21 |latch on to that like it was told to you, and you feel emotional about it,
560 |377 |00:33:22 ~-~-> 00:33:25 |and you have a psychological response, and it was never directed to you, but
561 |378 |00:33:25 ~-~-> 00:33:34 |you personify it and personalize it to yourself. That's very telling. That is a
562 |379 |00:33:34 ~-~-> 00:33:39 |barrier for you as a trader. You may not realize it right now, but Friday, I'm
563 |380 |00:33:39 ~-~-> 00:33:44 |going to cover the contrast of all that you may not know the answers to these
564 |381 |00:33:44 ~-~-> 00:33:47 |things right now today, because you want to think about what I'm going to tell
565 |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
566 |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
567 |384 |00:33:55 ~-~-> 00:33:58 |this and do that. Chances are every male listening is probably going to be
568 |385 |00:33:58 ~-~-> 00:34:04 |wanting to do that. But in you, in honesty, all of you aren't really like
569 |386 |00:34:04 ~-~-> 00:34:08 |that. You're influenced by other people's opinion, and it makes you feel
570 |387 |00:34:09 ~-~-> 00:34:14 |unsure about yourself. It may be causing anxiety, it may feel embarrassment. You
571 |388 |00:34:14 ~-~-> 00:34:19 |may feel like you don't feel like you're going to do well because of someone
572 |389 |00:34:19 ~-~-> 00:34:29 |else's opinion about you or you have that spark, that inspiration, that,
573 |390 |00:34:31 ~-~-> 00:34:36 |well, kicking, uh, the hinder parts, if you will, to to now do something,
574 |391 |00:34:36 ~-~-> 00:34:40 |because it's a challenge that's been laid in your hands. It's like now, this
575 |392 |00:34:40 ~-~-> 00:34:44 |is what it's like for for me when I listen to other people when they say
576 |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,
577 |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
578 |395 |00:34:54 ~-~-> 00:34:59 |immediately, my mind immediately switches on. I'm in predator mode, like
579 |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
580 |397 |00:35:05 ~-~-> 00:35:09 |you're wrong and you're wrong here, and you were wrong here, and you were wrong
581 |398 |00:35:09 ~-~-> 00:35:14 |there, and you were wrong there, here, there, everywhere, and I want to bury
582 |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
583 |400 |00:35:20 ~-~-> 00:35:27 |interact with outside influences, and that stems from a childhood that I had
584 |401 |00:35:27 ~-~-> 00:35:30 |no control over the factors and environments that I was left in which
585 |402 |00:35:30 ~-~-> 00:35:35 |were dangerous and they were hostile. So as an adult now, I seek control all the
586 |403 |00:35:35 ~-~-> 00:35:40 |time. I am a control freak, everything in every aspect of my life. I have to
587 |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
588 |405 |00:35:43 ~-~-> 00:35:48 |interest in it. That's my pre that. That's my disposition, that's that's how
589 |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
590 |407 |00:35:54 ~-~-> 00:36:01 |very lethargic in terms of responding to things that are met as a challenge
591 |408 |00:36:01 ~-~-> 00:36:08 |towards you, and you may be using that very perception about the marketplace,
592 |409 |00:36:08 ~-~-> 00:36:12 |and that's your hindrance, that's the barrier that you have to if you have
593 |410 |00:36:12 ~-~-> 00:36:15 |that mentality, you're going to have to break through that. And it's not going
594 |411 |00:36:15 ~-~-> 00:36:21 |to be easy for you, because what you're seeing is most people fail doing this.
595 |412 |00:36:21 ~-~-> 00:36:25 |Most people are not consistent. Most people can't even determine where the
596 |413 |00:36:25 ~-~-> 00:36:30 |market's going to go, let alone get in it without having stopped out or managed
597 |414 |00:36:30 ~-~-> 00:36:34 |risk appropriately. That's the majority. That's the truth about this industry.
598 |415 |00:36:34 ~-~-> 00:36:41 |Very, very, very few people can do this consistently, and you know this, but
599 |416 |00:36:41 ~-~-> 00:36:44 |you're still willing to watch videos, you're still willing to try to practice
600 |417 |00:36:44 ~-~-> 00:36:49 |and and dabble, because you're waiting for some kind of magical thing occur
601 |418 |00:36:49 ~-~-> 00:36:54 |where it just it clicks for you with no real effort, with no real study, with no
602 |419 |00:36:54 ~-~-> 00:36:58 |real logging and journaling, you think it's just going to happen for you.
603 |420 |00:36:59 ~-~-> 00:37:07 |That's not realistic. So part of this mentorship will be using the the tools
604 |421 |00:37:07 ~-~-> 00:37:11 |and resources of journaling properly. But what is it you're supposed to be
605 |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
606 |423 |00:37:15 ~-~-> 00:37:19 |know where the market's going to go next, because you don't know bias, you
607 |424 |00:37:19 ~-~-> 00:37:23 |don't know profiling, you don't know, session characteristics, day of week,
608 |425 |00:37:23 ~-~-> 00:37:29 |characteristics, seasonal tendencies, all those things. I'm going to present
609 |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
610 |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
611 |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,
612 |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
613 |430 |00:37:51 ~-~-> 00:37:54 |there. You're you don't know you're doing right now. Go out there and watch
614 |431 |00:37:54 ~-~-> 00:37:59 |the one of the five minute trainer YouTubers. Okay? And you got four weeks
615 |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
616 |433 |00:38:03 ~-~-> 00:38:06 |that, I will give you $500,000 I will drive to your location and long journey
617 |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
618 |435 |00:38:10 ~-~-> 00:38:14 |you can live stream me, live stream me giving you a $500,000 bank check. Okay,
619 |436 |00:38:15 ~-~-> 00:38:18 |that stuff doesn't work, folks, you're gonna have to put some real effort into
620 |437 |00:38:18 ~-~-> 00:38:22 |it. You can't condense it. You can't reduce it down, okay? And a lot of
621 |438 |00:38:22 ~-~-> 00:38:25 |people don't realize what you what I just did. I just made a lot of those
622 |439 |00:38:25 ~-~-> 00:38:29 |guys mad, and now they're all going to really do the little micro mentorships.
623 |440 |00:38:29 ~-~-> 00:38:31 |And really what that does is going to bring more traction back to this
624 |441 |00:38:31 ~-~-> 00:38:36 |mentorship, because they're going to work for free. But anyway, see that
625 |442 |00:38:36 ~-~-> 00:38:40 |everything's predetermined. He's maniacal. He's a mastermind. He's
626 |443 |00:38:40 ~-~-> 00:38:47 |diabolical. Anyway, the very first step is for you to determine where you are
627 |444 |00:38:47 ~-~-> 00:38:52 |mentally and then determine, ahead of time, preparing yourself what
628 |445 |00:38:52 ~-~-> 00:38:56 |adversities are going to be in front of you. For the folks that are saying,
629 |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
630 |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
631 |448 |00:39:04 ~-~-> 00:39:07 |have confidence in yourself. But the problem is, is you're going to overstep
632 |449 |00:39:07 ~-~-> 00:39:11 |that and become overconfident, and then as soon as you're met with that first
633 |450 |00:39:11 ~-~-> 00:39:17 |adversity, it's going to really hold you down, and it's going to cause you to
634 |451 |00:39:17 ~-~-> 00:39:22 |second guess the next step of stepping out there in faith and determining what
635 |452 |00:39:22 ~-~-> 00:39:25 |it is that you're trying to do or practicing, and then what you end up
636 |453 |00:39:25 ~-~-> 00:39:29 |doing is the initial strength is, I'm strong, I'm confident, and no one's
637 |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
638 |455 |00:39:32 ~-~-> 00:39:35 |done it if they would just invited me to do it casually. But now, because they
639 |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
640 |457 |00:39:40 ~-~-> 00:39:44 |doing that, what you end up doing is you increase the level of adversity, the
641 |458 |00:39:44 ~-~-> 00:39:48 |difficulty. You put a time limit on it, which is the worst thing in the world to
642 |459 |00:39:48 ~-~-> 00:39:53 |do. You absolutely put a time limit on how fast you should learn how to do
643 |460 |00:39:53 ~-~-> 00:39:58 |something. As soon as someone starts telling you, I'm going to teach you how
644 |461 |00:39:58 ~-~-> 00:40:02 |to do ICT or anything else. In this number of days, absolutely, I promise
645 |462 |00:40:02 ~-~-> 00:40:11 |you, they are full of grade a manure. They're lying to you that's clicks for
646 |463 |00:40:11 ~-~-> 00:40:14 |money. They want you to either buy something they're going to upsell to you
647 |464 |00:40:14 ~-~-> 00:40:17 |later on, or they want you to keep watching their videos that are not going
648 |465 |00:40:17 ~-~-> 00:40:20 |to help you. They may be entertaining, but they're not going to supercharge
649 |466 |00:40:20 ~-~-> 00:40:24 |your understanding. They're not going to make you faster at learning it okay. The
650 |467 |00:40:24 ~-~-> 00:40:27 |only thing they're doing is trying to capitalize on a market that's huge right
651 |468 |00:40:27 ~-~-> 00:40:33 |now, which is Tiktok mentality. You know, 10 second, 15 second, 32nd time
652 |469 |00:40:33 ~-~-> 00:40:40 |span of attention span. And I have no patience for anyone. Zero patience for
653 |470 |00:40:40 ~-~-> 00:40:44 |anyone as a student that thinks like that, I broom them quickly. I get them
654 |471 |00:40:44 ~-~-> 00:40:48 |out of my face. I don't want to have any interaction with them, because you're
655 |472 |00:40:48 ~-~-> 00:40:53 |absolutely lazy. You're absolutely lazy. You want it easy, you want it real fast,
656 |473 |00:40:53 ~-~-> 00:40:57 |and you have unrealistic expectations. And anyone that has common sense will
657 |474 |00:40:57 ~-~-> 00:41:02 |tell you that that is someone that will not be successful period. End of story.
658 |475 |00:41:03 ~-~-> 00:41:06 |If you don't want to warm up the idea to have have do this properly and
659 |476 |00:41:06 ~-~-> 00:41:11 |understand really, understand, that's what mentorship is, understanding how
660 |477 |00:41:11 ~-~-> 00:41:15 |you're going to most likely interact with the marketplace, what's a
661 |478 |00:41:15 ~-~-> 00:41:21 |reasonable response to you, for you feeling this way or that way, should the
662 |479 |00:41:21 ~-~-> 00:41:26 |market produce an outcome that was either favorable or not favorable for
663 |480 |00:41:26 ~-~-> 00:41:29 |you? How are you going to interact with let's say, the first time you sit down,
664 |481 |00:41:29 ~-~-> 00:41:35 |you try to test something, and it takes off and runs like 150 handles in the
665 |482 |00:41:35 ~-~-> 00:41:42 |NASDAQ. What's that going to feel like for you? You're going to feel ecstatic,
666 |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
667 |484 |00:41:45 ~-~-> 00:41:51 |lot easier than I thought, and that's wrong. But see, that's the problem with
668 |485 |00:41:52 ~-~-> 00:41:56 |these 20 year olds that teach they want you to have the emotional stimuli,
669 |486 |00:41:57 ~-~-> 00:42:00 |because that emotional stimuli gives you a rush.
670 |487 |00:42:01 ~-~-> 00:42:08 |It's dopamine. It's it gives you that physical feel good butterfly moment that
671 |488 |00:42:08 ~-~-> 00:42:13 |does not last. It will not last. 10 minutes later, you're not buzzing by
672 |489 |00:42:13 ~-~-> 00:42:18 |that right call that you made, that demo trade that you made, or that you just
673 |490 |00:42:18 ~-~-> 00:42:23 |passed your combine. You all think that I gotta get my combine passed, and then
674 |491 |00:42:23 ~-~-> 00:42:27 |I can start trading an account where I can make profitable trades. So you're
675 |492 |00:42:27 ~-~-> 00:42:31 |willing to do everything and anything, just the gamble to get it passed. And
676 |493 |00:42:33 ~-~-> 00:42:37 |then once you get there, you think it's going to be easy, when it becomes
677 |494 |00:42:37 ~-~-> 00:42:43 |extremely, much more difficult, because now you don't want to lose that past
678 |495 |00:42:43 ~-~-> 00:42:48 |funded account, and every candlestick looks like a foreign language to you.
679 |496 |00:42:49 ~-~-> 00:42:53 |Even if you understand certain elements of reading price action, it will look
680 |497 |00:42:53 ~-~-> 00:42:58 |completely different. You won't feel comfortable pushing a button, because
681 |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
682 |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
683 |500 |00:43:06 ~-~-> 00:43:10 |want to get stopped out, but I gotta use a stop and see. What are you doing?
684 |501 |00:43:10 ~-~-> 00:43:15 |You're trying to protect yourself from a losing trade. Because that losing trade,
685 |502 |00:43:15 ~-~-> 00:43:22 |even if it's small in denomination, if it's small in amount of really, dollar
686 |503 |00:43:22 ~-~-> 00:43:30 |risk, the lasting impact in the depths of how far it digs into your backside.
687 |504 |00:43:32 ~-~-> 00:43:39 |It's monstrous because you're creating a demon. You're manifesting your worst
688 |505 |00:43:39 ~-~-> 00:43:43 |adversary because you didn't do everything that I'm suggesting as a
689 |506 |00:43:43 ~-~-> 00:43:48 |starting point right now, it prepares you for this. What do you think basic
690 |507 |00:43:48 ~-~-> 00:43:52 |training is for when people go to the military, it's to get the person
691 |508 |00:43:52 ~-~-> 00:43:59 |physically fit, to get them introduced to constant disruption, constant mental
692 |509 |00:43:59 ~-~-> 00:44:03 |fatigue, so that way they're not shell shocked and they get out on the
693 |510 |00:44:03 ~-~-> 00:44:10 |battlefield and freeze up. They're used to being treated like trash, worked out,
694 |511 |00:44:10 ~-~-> 00:44:16 |fatigued, run them, work them hard, talk down to them. There's no hope. There's
695 |512 |00:44:17 ~-~-> 00:44:21 |no hope while you're in basic training. Well, this is what this is like here.
696 |513 |00:44:21 ~-~-> 00:44:25 |This is basic training. I'm not going to sugarcoat it for you millennials. I'm
697 |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
698 |515 |00:44:28 ~-~-> 00:44:32 |hold you. Let me hold you close and coddle you. ICT has got you, baby. ICT
699 |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
700 |517 |00:44:35 ~-~-> 00:44:39 |to trade. You want to be consistently profitable. ICT is not going to be
701 |518 |00:44:39 ~-~-> 00:44:42 |rubbing your shoulders for you, okay, and powdering your ass when the market's
702 |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
703 |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
704 |521 |00:44:50 ~-~-> 00:44:56 |able to do this absolutely isolated. You have to be an island unto yourself when
705 |522 |00:44:56 ~-~-> 00:44:59 |everybody else is on social media saying they want to do one thing or the other.
706 |523 |00:45:00 ~-~-> 00:45:03 |And you look at your model saying, I don't see that. You got to be completely
707 |524 |00:45:03 ~-~-> 00:45:07 |comfortable with that, not for the basis of just simply being a contrarian alone,
708 |525 |00:45:08 ~-~-> 00:45:12 |but for the basis of, okay, I understand what I'm looking for. And this is just
709 |526 |00:45:13 ~-~-> 00:45:18 |further confirmation that the herd of sheep out there are expecting this. So I
710 |527 |00:45:18 ~-~-> 00:45:23 |know I have a lead pipe sense trade now, because every time Dick and Harry out
711 |528 |00:45:23 ~-~-> 00:45:28 |there is wanting the market to go to this level or this direction, and here I
712 |529 |00:45:28 ~-~-> 00:45:31 |am sitting confidently waiting for a setup that's completely diametrically
713 |530 |00:45:31 ~-~-> 00:45:37 |opposed to what they expect. That's one of the things that I take great comfort
714 |531 |00:45:37 ~-~-> 00:45:42 |in watching live streamers, because sometimes they get it right, and that's
715 |532 |00:45:42 ~-~-> 00:45:46 |fine. Most of the time they aren't. And the times that I'm looking for something
716 |533 |00:45:46 ~-~-> 00:45:50 |before I even start looking at their live stream, if it's opposed to what I'm
717 |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
718 |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
719 |536 |00:46:01 ~-~-> 00:46:05 |use the maximum leverage. Okay, so whatever my maximum leverage would be
720 |537 |00:46:05 ~-~-> 00:46:09 |for that individual asset class or that market, I would be comfortable doing
721 |538 |00:46:09 ~-~-> 00:46:13 |that. But initially, when you first want to do this, you want to be trading,
722 |539 |00:46:13 ~-~-> 00:46:18 |listen, folks, I know this is going to be unpopular, but you want to be trading
723 |540 |00:46:18 ~-~-> 00:46:26 |with a micro just because that funded account says I can trade five contracts
724 |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
725 |542 |00:46:35 ~-~-> 00:46:40 |mean this sincerely, and I'm not trying to be funny about it, but if you're
726 |543 |00:46:40 ~-~-> 00:46:49 |trading more than one contract of a micro with 3000 cushion, and you're not
727 |544 |00:46:49 ~-~-> 00:46:52 |consistently profitable, and you don't know what you're doing, you're
728 |545 |00:46:52 ~-~-> 00:46:59 |absolutely gambling. And gamblers don't last long. You can gamble. There's a lot
729 |546 |00:46:59 ~-~-> 00:47:02 |of people over the years with all these funded account companies, I've had
730 |547 |00:47:02 ~-~-> 00:47:07 |students that's done this too, paid mentorship, students that have gone
731 |548 |00:47:07 ~-~-> 00:47:13 |through it, they've passed combines. They got paid out, and then they lost
732 |549 |00:47:13 ~-~-> 00:47:17 |it, and then it completely undid them, and they can't get it back, and they
733 |550 |00:47:17 ~-~-> 00:47:21 |can't, you can't pass a another combine. What happened? The concept stopped
734 |551 |00:47:21 ~-~-> 00:47:28 |working. Did they change the algorithm? No. Now they have mental baggage. They
735 |552 |00:47:28 ~-~-> 00:47:33 |have scar tissue. And now the lessons I taught in those Twitter spaces over the
736 |553 |00:47:33 ~-~-> 00:47:38 |past couple years, and now I'm not on Twitter, the the depths of where I was
737 |554 |00:47:38 ~-~-> 00:47:43 |trying to take you. A lot of you haven't gone to those places yet in your
738 |555 |00:47:43 ~-~-> 00:47:47 |trading, so the lessons just went right over your head. It doesn't apply to me,
739 |556 |00:47:47 ~-~-> 00:47:52 |but for anyone that has actually tried to trade with real money or had a Live
740 |557 |00:47:52 ~-~-> 00:47:56 |account or a funded account, and has taken withdrawals from the marketplace
741 |558 |00:47:57 ~-~-> 00:48:02 |and then they lost it. Now, those Twitter spaces now, those talking
742 |559 |00:48:02 ~-~-> 00:48:05 |points, those lectures, like we're doing right here, they are much more
743 |560 |00:48:05 ~-~-> 00:48:10 |meaningful, and they're impactful, and they are helpful, but we have a
744 |561 |00:48:10 ~-~-> 00:48:13 |millennial that wants to go out here, and so Look, man, this guy's full of
745 |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
746 |563 |00:48:17 ~-~-> 00:48:20 |ain't pushing any buttons. How am I gonna learn from somebody like that? I
747 |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,
748 |565 |00:48:24 ~-~-> 00:48:30 |that's not you learning. That's how you grow codependent, and I don't want any
749 |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
750 |567 |00:48:34 ~-~-> 00:48:39 |is what I see potentially unfolding in the marketplace today. So I'm going to
751 |568 |00:48:39 ~-~-> 00:48:46 |build an idea on how the market may, in fact, set this up. And if I understand
752 |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
753 |570 |00:48:49 ~-~-> 00:48:52 |draw on liquidity, where's the market likely to go, you know, what are we
754 |571 |00:48:52 ~-~-> 00:48:58 |looking for in terms of potential expectations, and where the market could
755 |572 |00:48:58 ~-~-> 00:49:05 |trade to? And that could be something like this. We go to we have relative
756 |573 |00:49:05 ~-~-> 00:49:11 |equal highs right here, okay, very simple, smooth price level. The market's
757 |574 |00:49:11 ~-~-> 00:49:19 |gone down a lot, several 1000 handles. Okay, we had a huge gap new week,
758 |575 |00:49:19 ~-~-> 00:49:23 |opening gap here. So where we settled on Friday and where we opened on Sunday at
759 |576 |00:49:23 ~-~-> 00:49:30 |six o'clock last night, Eastern Time in the States, that new week opening gap,
760 |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
761 |578 |00:49:35 ~-~-> 00:49:40 |there. So where is the low hanging fruit? Objectives for just short term
762 |579 |00:49:40 ~-~-> 00:49:45 |bias. This is what I'm teaching you. Caleb, initially, I want you to think
763 |580 |00:49:45 ~-~-> 00:49:49 |about where the market could draw to right now, where it could go to next.
764 |581 |00:49:50 ~-~-> 00:49:56 |And what that does is it gives you something to focus on, and it also gives
765 |582 |00:49:56 ~-~-> 00:50:02 |you a way of measuring every. Jewel candles formation, and what your
766 |583 |00:50:02 ~-~-> 00:50:07 |expectation is as it's forming, and what the next candles should do, and how they
767 |584 |00:50:07 ~-~-> 00:50:14 |behave, and what it feels like for you when you do this. Because whether you
768 |585 |00:50:14 ~-~-> 00:50:19 |want to admit it or not when you're first starting, the majority of your
769 |586 |00:50:19 ~-~-> 00:50:25 |time is going to be spent in uncertainty, in times of confusion. It's
770 |587 |00:50:25 ~-~-> 00:50:36 |going to be fearful. It's going to be well, it's going to feel very anxious.
771 |588 |00:50:37 ~-~-> 00:50:43 |You'll feel anxious. You may even start feeling body symptoms of tinglingness,
772 |589 |00:50:43 ~-~-> 00:50:47 |lightheadedness, feel like you're going to get sick, and you may still only be
773 |590 |00:50:47 ~-~-> 00:50:52 |in a demo, because what you're doing is you're elevating the outcome to a level
774 |591 |00:50:52 ~-~-> 00:50:58 |that is not expected. You don't need to put that much pressure on you. In fact,
775 |592 |00:50:58 ~-~-> 00:51:01 |if that's how you're thinking, it's normal for you to feel that when you
776 |593 |00:51:01 ~-~-> 00:51:04 |first start trading, when the real trading with a real account. That's a
777 |594 |00:51:04 ~-~-> 00:51:09 |normal thing, but there's no way around it. There's no way around that first
778 |595 |00:51:09 ~-~-> 00:51:14 |trade with real money. That fear and that anxiety is something you just have
779 |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
780 |597 |00:51:18 ~-~-> 00:51:22 |thing you should do is flip a quarter lowest leverage. If it's tails, you buy
781 |598 |00:51:22 ~-~-> 00:51:26 |it. If it's heads, you sell short, or vice versa. And do the smallest leverage
782 |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
783 |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
784 |601 |00:51:36 ~-~-> 00:51:41 |your first trade to be a winner, because you think it's a jinx, okay, it's
785 |602 |00:51:41 ~-~-> 00:51:46 |somehow an invitation for failure. If your first trade with your real account
786 |603 |00:51:46 ~-~-> 00:51:51 |loses money like that somehow defines your entire career. It doesn't. It's
787 |604 |00:51:51 ~-~-> 00:51:57 |just one transaction, but the way you overcome that is spending time without
788 |605 |00:51:57 ~-~-> 00:52:02 |pushing a button, studying where price can go. And that's this, we have
789 |606 |00:52:04 ~-~-> 00:52:12 |this short term high here post 830 meaning after we had 830 right here we
790 |607 |00:52:12 ~-~-> 00:52:18 |have 836 so the market went below these relative equal lows. So any liquidity
791 |608 |00:52:18 ~-~-> 00:52:21 |below that, they disrupted that, and then took it above this short term high,
792 |609 |00:52:21 ~-~-> 00:52:25 |took it above this short term high, and traded right inside this fair value got
793 |610 |00:52:25 ~-~-> 00:52:30 |right there. So when you're watching price Caleb, you're looking for how the
794 |611 |00:52:30 ~-~-> 00:52:42 |market maneuvers and trades and books between obvious price levels with old
795 |612 |00:52:42 ~-~-> 00:52:53 |highs, old lows, and inefficiencies. They're the only two things you're
796 |613 |00:52:53 ~-~-> 00:52:57 |worried about. You're not trying to predict a direction on the day. You're
797 |614 |00:52:57 ~-~-> 00:53:03 |not trying to be right about 50 handle runs. You're just studying, observing,
798 |615 |00:53:04 ~-~-> 00:53:10 |okay, this down closed candle here, after taking out the liquidity, and then
799 |616 |00:53:10 ~-~-> 00:53:19 |we have displacement here. Displacement is where the market runs against a pre
800 |617 |00:53:19 ~-~-> 00:53:27 |session, pre day, pre trend or price swing. Direction. In other words, it's a
801 |618 |00:53:27 ~-~-> 00:53:31 |counter move to what's already been in play. So the market has dropped here,
802 |619 |00:53:31 ~-~-> 00:53:37 |and then we moved aggressively above the short term high. This high being traded
803 |620 |00:53:37 ~-~-> 00:53:41 |above. There we go back down to this down closed candle. That down closed
804 |621 |00:53:41 ~-~-> 00:53:46 |candle is a order block. We have displacement. It took liquidity and the
805 |622 |00:53:46 ~-~-> 00:53:50 |market has been one directional. Now, what makes that an order block
806 |623 |00:53:51 ~-~-> 00:53:55 |specifically is that is has happened post 830 now it could have formed great
807 |624 |00:53:55 ~-~-> 00:54:02 |at 830 because 830 the algorithm will start spooling for liquidity or
808 |625 |00:54:02 ~-~-> 00:54:06 |inefficiencies, one or the other. Now, in the beginning, you're going to want
809 |626 |00:54:06 ~-~-> 00:54:09 |to know, because you're probably asking right now, can you just tell us what
810 |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
811 |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
812 |629 |00:54:18 ~-~-> 00:54:26 |both. Does that complicated? No. Now, to further strip away the complication
813 |630 |00:54:26 ~-~-> 00:54:29 |you're adding to it right now, you're bringing all these things. But what if
814 |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
815 |632 |00:54:34 ~-~-> 00:54:37 |I say anything about those things that you're thinking right now? No, they're
816 |633 |00:54:37 ~-~-> 00:54:45 |not important. The only thing we're doing is we're sitting down at a time, a
817 |634 |00:54:45 ~-~-> 00:54:51 |time when the market is predisposed. That means it's most likely going to do
818 |635 |00:54:51 ~-~-> 00:54:59 |this, and it will do it, unless some unexpected event where manual and.
819 |636 |00:55:00 ~-~-> 00:55:04 |Intervention steps in, and you don't know, and I don't know when that's going
820 |637 |00:55:04 ~-~-> 00:55:09 |to happen. What does it look like when the market just starts going, it starts
821 |638 |00:55:09 ~-~-> 00:55:14 |going one direction, and it doesn't stop. It doesn't go up a little bit,
822 |639 |00:55:14 ~-~-> 00:55:18 |come back with it up a little bit, come back. That's, that's market standard
823 |640 |00:55:18 ~-~-> 00:55:29 |delivery intervention is, think like FOMC, think like CPI, think like Non
824 |641 |00:55:29 ~-~-> 00:55:37 |Farm Payroll, where if you're wrong, if you're offside, right when it hits the
825 |642 |00:55:37 ~-~-> 00:55:43 |market, you're dead. That's what manual intervention looks like. There are many
826 |643 |00:55:43 ~-~-> 00:55:52 |times untradable. It takes off so fast you you reasonably, no, not reasonably,
827 |644 |00:55:52 ~-~-> 00:55:55 |you're it's unreasonable for you to assume that you can trade that once it
828 |645 |00:55:55 ~-~-> 00:56:01 |starts, because you're literally chasing the wind and you're never going to catch
829 |646 |00:56:01 ~-~-> 00:56:08 |it, you're just going to frustrate yourself and get placed very poorly, and
830 |647 |00:56:08 ~-~-> 00:56:12 |you're going to be in a trade that's going to be highly anxious and
831 |648 |00:56:12 ~-~-> 00:56:19 |stressful, and it that's not trading. That's gambling. Okay? So when we look
832 |649 |00:56:19 ~-~-> 00:56:23 |at individuals setups like this. You want to sit down in front of the
833 |650 |00:56:23 ~-~-> 00:56:28 |marketplace right before 830 Okay, preferably eight o'clock, and you want
834 |651 |00:56:28 ~-~-> 00:56:33 |to look at where the highs and the lows are in deference to the one minute chart
835 |652 |00:56:33 ~-~-> 00:56:36 |in the 15 minute time frame. So I'm gonna change this chart over here to 15.
836 |653 |00:56:37 ~-~-> 00:56:42 |So here's what 15 minute looks like here. And if you look at where we came
837 |654 |00:56:42 ~-~-> 00:56:47 |from, see this high at seven o'clock in the morning. That's this high right
838 |655 |00:56:47 ~-~-> 00:56:52 |there. See it on the right chart. So this chart, this larger chart here is
839 |656 |00:56:52 ~-~-> 00:56:58 |the one minute, and this is the 15 minute time frame, 15, five, one minute.
840 |657 |00:56:59 ~-~-> 00:57:03 |Those are your first three time frames to worry about. Okay? And I shouldn't
841 |658 |00:57:03 ~-~-> 00:57:06 |say worry, because it's kind of like gives you a subconscious concern that
842 |659 |00:57:06 ~-~-> 00:57:10 |you need to worry about it. You don't need to worry about it, but the levels
843 |660 |00:57:10 ~-~-> 00:57:15 |and inefficiencies on the 15 minute time frame, the five minute time frame and
844 |661 |00:57:16 ~-~-> 00:57:20 |the one minute time frame, if you're brand new, you don't know how to trade.
845 |662 |00:57:20 ~-~-> 00:57:23 |ICT. You don't have a trade price action. You don't have trade period,
846 |663 |00:57:23 ~-~-> 00:57:27 |okay? You don't need any other time frame, okay, you don't need anything
847 |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
848 |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
849 |666 |00:57:34 ~-~-> 00:57:38 |second chart. You don't need anything below a one minute chart. You don't need
850 |667 |00:57:38 ~-~-> 00:57:43 |anything else to do what I'm going to teach you. Okay, this is what you're
851 |668 |00:57:43 ~-~-> 00:57:47 |doing. You're studying price at specific times of the day. If you're not writing
852 |669 |00:57:47 ~-~-> 00:57:52 |this part down, you're blowing it already. So between eight o'clock and
853 |670 |00:57:52 ~-~-> 00:57:58 |830 in the morning, New York local time or eastern standard time in the US,
854 |671 |00:57:59 ~-~-> 00:58:05 |everything I mentioned in terms of time, if it's the time that matches New York
855 |672 |00:58:05 ~-~-> 00:58:10 |local time. So set a clock. If you have your smartphone, there's a way that you
856 |673 |00:58:10 ~-~-> 00:58:15 |can pull up world time and put one in there for New York, and you'll always
857 |674 |00:58:15 ~-~-> 00:58:20 |know what time ICT is saying to look for these things to happen, because they're
858 |675 |00:58:20 ~-~-> 00:58:27 |never going to not be there. Write that down again, okay, and underline it. This
859 |676 |00:58:27 ~-~-> 00:58:32 |is always, absolutely without fail. It's never not going to do it. It's always
860 |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.
861 |678 |00:58:37 ~-~-> 00:58:43 |It's going to absolutely do it, because there is an algorithm, and it does this
862 |679 |00:58:43 ~-~-> 00:58:50 |to spur on emotional interest or tangible orders that are actually
863 |680 |00:58:50 ~-~-> 00:58:55 |sitting out there, real orders that are sitting above and below or inside of
864 |681 |00:58:55 ~-~-> 00:59:01 |inefficiencies where the market needs to offer fair value to the marketplace. So
865 |682 |00:59:01 ~-~-> 00:59:04 |what is it reaching for? It's reaching for old highs, old lows and
866 |683 |00:59:04 ~-~-> 00:59:11 |inefficiencies. That's the fair value gap. Sippy but busy that thing. So once
867 |684 |00:59:11 ~-~-> 00:59:15 |we know that the market is likely to do these things, that's a characteristic.
868 |685 |00:59:16 ~-~-> 00:59:23 |It's an algorithmic characteristic. You don't need anything else besides this
869 |686 |00:59:23 ~-~-> 00:59:30 |element as the foundation to what you're trying to trade, and you can make all
870 |687 |00:59:30 ~-~-> 00:59:35 |the money you'd ever want. I'm going to say that again. Case you missed it,
871 |688 |00:59:36 ~-~-> 00:59:39 |you're trying to find right now. You want the daily bias, and you want to be
872 |689 |00:59:39 ~-~-> 00:59:44 |able to buy below the open and hold for the whole entire day. But are you really
873 |690 |00:59:44 ~-~-> 00:59:47 |doing those things when you try to trade? No, as soon as you get 10 handles
874 |691 |00:59:48 ~-~-> 00:59:52 |or 10 pips or whatever, you start struggling with holding on to the trade.
875 |692 |00:59:53 ~-~-> 00:59:58 |You're paranoid that that winning trade, you just found out, just fell into your
876 |693 |00:59:58 ~-~-> 01:00:02 |lap. Oh my goodness. Is, I'm winning. This is, this is something new. I need
877 |694 |01:00:02 ~-~-> 01:00:06 |to secure this. But then you're, you're thinking, oh, wait a minute, let's just
878 |695 |01:00:06 ~-~-> 01:00:10 |be holding for the daily range. And then you're wrestling, and that becomes a
879 |696 |01:00:10 ~-~-> 01:00:15 |real hard wrestling match, doesn't it? It makes you feel nauseous. And if
880 |697 |01:00:15 ~-~-> 01:00:18 |anybody tries to talk to you, even if they love you, your spouse, your
881 |698 |01:00:18 ~-~-> 01:00:22 |girlfriend, your boyfriend, your child, your dog comes over and nuzzles up next
882 |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
883 |700 |01:00:26 ~-~-> 01:00:32 |see? I'm trying to worry about this. 10 PIP handles move. The weight of the
884 |701 |01:00:32 ~-~-> 01:00:38 |world is on my shoulders right now, and you're coming at me with this. You know
885 |702 |01:00:38 ~-~-> 01:00:43 |what it means? You're stressing out. Why? Why would you have that response?
886 |703 |01:00:43 ~-~-> 01:00:49 |Folks listening to headphones like, Oh, me, this guy, you're awake now, aren't
887 |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
888 |705 |01:00:54 ~-~-> 01:00:59 |never been there, you'll feel it. But the reason why you feel that is because
889 |706 |01:00:59 ~-~-> 01:01:06 |you don't know what you're doing. You haven't done this part long enough where
890 |707 |01:01:06 ~-~-> 01:01:12 |you're completely desensitized to okay, I'm doing this exercise to get
891 |708 |01:01:12 ~-~-> 01:01:17 |comfortable with anticipating price moves. I'm getting comfortable with not
892 |709 |01:01:17 ~-~-> 01:01:21 |knowing what it's going to do next candle, this candle, five candles from
893 |710 |01:01:21 ~-~-> 01:01:31 |now, but I think it's going to draw to specific price levels. So if it clears
894 |711 |01:01:31 ~-~-> 01:01:34 |that short term, let we talked about, what's it going to reach into? We have
895 |712 |01:01:34 ~-~-> 01:01:43 |this inefficiency here. How long does it take to do that? And then you record,
896 |713 |01:01:43 ~-~-> 01:01:47 |you screenshot this, and you say, Okay, well, it took 123456,
897 |714 |01:01:50 ~-~-> 01:01:57 |candles from this volume imbalance to run above this short term high and get
898 |715 |01:01:57 ~-~-> 01:02:02 |into this city, which is a sell side, imbalanced by sudden efficiency, a fair
899 |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
900 |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
901 |718 |01:02:15 ~-~-> 01:02:20 |is you're measuring because you have zero baseline experience. You have no
902 |719 |01:02:20 ~-~-> 01:02:24 |continuity and what is your reaching for, looking for in price action. And
903 |720 |01:02:24 ~-~-> 01:02:29 |you study how long it took, and you record that many, this many minutes. And
904 |721 |01:02:29 ~-~-> 01:02:33 |you also are honestly going to record in your journal, within the screenshot,
905 |722 |01:02:33 ~-~-> 01:02:36 |like, like, maybe over here, or somewhere over here, you're going to
906 |723 |01:02:36 ~-~-> 01:02:44 |record what it felt for you, physically. Were you anxious? Did you second guess
907 |724 |01:02:44 ~-~-> 01:02:49 |that it was going to run there? Did you feel excited the entire time? Were you
908 |725 |01:02:49 ~-~-> 01:02:53 |impatient that you thought it should have moved there sooner and faster? Did
909 |726 |01:02:53 ~-~-> 01:02:59 |certain candle formations cause you to, you know, doubt it. Did you have a point
910 |727 |01:02:59 ~-~-> 01:03:04 |at which you thought that it was given another opportunity to trade to or not
911 |728 |01:03:04 ~-~-> 01:03:07 |trade to but offer another entry, like, say, for instance, if you want a
912 |729 |01:03:07 ~-~-> 01:03:11 |pyramid, pyramiding should not be part of your repertoire yet. That's something
913 |730 |01:03:11 ~-~-> 01:03:16 |that you need to be doing maybe a year after trading with one contract. Oh,
914 |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.
915 |732 |01:03:21 ~-~-> 01:03:25 |There's all kinds of time and opportunity for pyramided trades, but
916 |733 |01:03:25 ~-~-> 01:03:30 |you first have to get good at trading with one micro contract, one micro
917 |734 |01:03:30 ~-~-> 01:03:36 |contract, because what that does is it removes, hopefully, this is the only
918 |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
919 |736 |01:03:45 ~-~-> 01:03:51 |you trade with one micro and you only take one trade a day, you can there.
920 |737 |01:03:51 ~-~-> 01:03:55 |It's physically impossible for you to go out there on day one and blow the
921 |738 |01:03:55 ~-~-> 01:03:59 |account, because, see, that's what your your subconscious is fearful of. I don't
922 |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
923 |740 |01:04:03 ~-~-> 01:04:08 |to go into big draw down. Okay, that's easy. Don't overlever your account, and
924 |741 |01:04:08 ~-~-> 01:04:13 |don't take more than one trade today. But ICT. But ICT, nothing. If you want
925 |742 |01:04:13 ~-~-> 01:04:19 |to be able to do it correctly, you have to do things with a process. There has
926 |743 |01:04:19 ~-~-> 01:04:25 |to be a logic behind it. There has to be some measure of rule based thinking, and
927 |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
928 |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.
929 |746 |01:04:34 ~-~-> 01:04:37 |You're going to blame everybody else. You're going to blame the the prop firm.
930 |747 |01:04:37 ~-~-> 01:04:40 |You're going to blame the brokerage firm. You're going to blame everything.
931 |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
932 |749 |01:04:46 ~-~-> 01:04:52 |same thing numerous times. I have students that repeat the same thing.
933 |750 |01:04:52 ~-~-> 01:04:57 |They send me hate mail years ago. Oh, you, you didn't teach me, right? This
934 |751 |01:04:57 ~-~-> 01:05:01 |blah, blah, blah, and then later on, they went. Do it properly, and then they
935 |752 |01:05:01 ~-~-> 01:05:05 |send me emails apologizing. It was a mistake on my part. ICT, I didn't
936 |753 |01:05:05 ~-~-> 01:05:08 |listen. I went back and re listened to it all, and I made all the mistakes you
937 |754 |01:05:08 ~-~-> 01:05:11 |said I was going to make if I didn't listen, and just plunged ahead and did
938 |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
939 |756 |01:05:15 ~-~-> 01:05:23 |expecting in terms of a properly mindset student that follows the rules and
940 |757 |01:05:23 ~-~-> 01:05:26 |accepts the the diversities initially that are normal. They're all normal
941 |758 |01:05:26 ~-~-> 01:05:31 |growing pains. But see, you're trying to be the exception. You don't want it to
942 |759 |01:05:31 ~-~-> 01:05:35 |happen to you. You think it's going to be candy bars and milkshakes and just
943 |760 |01:05:35 ~-~-> 01:05:38 |everything's sweet and lovely, and butterflies are going to come land on
944 |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
945 |762 |01:05:45 ~-~-> 01:05:53 |button, you're asking the shark to take a leg off. You're asking that lion to
946 |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
947 |764 |01:06:00 ~-~-> 01:06:05 |these markets, you've entered the jungle, you've entered the deep waters.
948 |765 |01:06:06 ~-~-> 01:06:10 |And honey, Everybody's hungry, and if you offer it up on a silver platter,
949 |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
950 |767 |01:06:16 ~-~-> 01:06:23 |that's the, that's the the currency here, yours are mine, mine are yours.
951 |768 |01:06:24 ~-~-> 01:06:29 |That's it. It doesn't matter how anybody else trades. It's are you liquidity?
952 |769 |01:06:29 ~-~-> 01:06:40 |Right now? Are you liquidity? Because if you're liquidity, your lunch. I go in
953 |770 |01:06:40 ~-~-> 01:06:43 |and I'm looking for lunch. I'm looking for the liquidity. I'm looking for
954 |771 |01:06:43 ~-~-> 01:06:49 |reasons why the market will trade to this level, why it could potentially
955 |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
956 |773 |01:06:54 ~-~-> 01:07:02 |on liquidity. Draw on liquidity is just a initial reasonable assumption on our
957 |774 |01:07:02 ~-~-> 01:07:08 |part to determine a directional move that could unfold. It does not mean and
958 |775 |01:07:08 ~-~-> 01:07:14 |it does not define the absolute Terminus to a price run or the be all, end all
959 |776 |01:07:14 ~-~-> 01:07:22 |target in planar terms, the market's probably going to keep moving until it
960 |777 |01:07:22 ~-~-> 01:07:25 |gets to this level. It doesn't mean that it can't have retracements lower. It
961 |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,
962 |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
963 |780 |01:07:35 ~-~-> 01:07:38 |these markets, when you're first trying to determine where the market's likely
964 |781 |01:07:38 ~-~-> 01:07:43 |to go, you have to strip away everything that you're trying to force into
965 |782 |01:07:44 ~-~-> 01:07:48 |reading, every single individual candlestick. And if you watch a lot of
966 |783 |01:07:48 ~-~-> 01:07:51 |my videos, or if you have a lot of notes, or you've dabbled in things,
967 |784 |01:07:52 ~-~-> 01:07:56 |chances are you probably already have a pet technique that you want to be yours,
968 |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
969 |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
970 |787 |01:08:03 ~-~-> 01:08:08 |private mentorship, they're like, oh, man, I that's going to be my thing.
971 |788 |01:08:08 ~-~-> 01:08:12 |That's going to that's going to be it for me, you know, or event horizon,
972 |789 |01:08:12 ~-~-> 01:08:17 |which is the midpoint between two, two, new week opening gaps, or new date
973 |790 |01:08:17 ~-~-> 01:08:24 |opening gaps. And because of the names, okay, these names are meaningful to me.
974 |791 |01:08:25 ~-~-> 01:08:30 |They're not meant to inspire you to want to do them over another. It's just
975 |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
976 |793 |01:08:35 ~-~-> 01:08:42 |keep track of what its purpose was, and or it kind of puts a little stamp of
977 |794 |01:08:42 ~-~-> 01:08:47 |when I discovered it, and something had a impact on me, and it was a cool name
978 |795 |01:08:47 ~-~-> 01:08:54 |or inspiration to it. So when we're looking at price as you as a brand new
979 |796 |01:08:54 ~-~-> 01:08:58 |student, not knowing what to do, you want to make this kind of like a game
980 |797 |01:08:59 ~-~-> 01:09:06 |and a discovery, something fun, not a video game, okay, but it's a game of
981 |798 |01:09:06 ~-~-> 01:09:14 |determining. Does it have what it takes to move to these highs? Here a way of
982 |799 |01:09:14 ~-~-> 01:09:19 |saying it to yourself that's very disarming. It's okay. I see how this is
983 |800 |01:09:19 ~-~-> 01:09:25 |smooth. These two highs are relatively equal. That looks like a real nice,
984 |801 |01:09:25 ~-~-> 01:09:34 |obvious flat space in price. We don't see that same flatness down here. You
985 |802 |01:09:34 ~-~-> 01:09:39 |see that. So in other words, if you had a shark, if you had two sharks, rather,
986 |803 |01:09:40 ~-~-> 01:09:46 |you have two sharks in front of you. One has had its teeth removed. Well, that
987 |804 |01:09:48 ~-~-> 01:09:51 |would be represented something like this. This is the shark with no teeth.
988 |805 |01:09:51 ~-~-> 01:09:57 |It's basically got gums. Okay? There's no teeth there. Down here, there has
989 |806 |01:09:57 ~-~-> 01:10:00 |been a shark attack. How do we know that? Because we can see the wound. Was
990 |807 |01:10:00 ~-~-> 01:10:06 |from the teeth, the jaggedness, the jaggedness, the jaggedness, and now it's
991 |808 |01:10:06 ~-~-> 01:10:10 |going to another free, to another frenzy or feeding. Where is that? Well, we've
992 |809 |01:10:10 ~-~-> 01:10:15 |just created one. We have this high here that's really close to this one. You see
993 |810 |01:10:15 ~-~-> 01:10:23 |that. So you observe price action, and you're looking for areas that look real
994 |811 |01:10:23 ~-~-> 01:10:28 |smooth and safe, where they say peace and safety, sudden destruction comes
995 |812 |01:10:28 ~-~-> 01:10:33 |upon them anytime that you're looking at price action. And it doesn't matter what
996 |813 |01:10:33 ~-~-> 01:10:37 |time frame you're looking at, okay, if you're looking at it through the lens of
997 |814 |01:10:37 ~-~-> 01:10:43 |a second chart, sub, sub one minute, or a weekly chart, or a monthly chart, or a
998 |815 |01:10:43 ~-~-> 01:10:46 |quarterly chart, where it's three months of data compressed in to make the
999 |816 |01:10:46 ~-~-> 01:10:53 |candlesticks. It does not matter. This principle is always true. The market
1000 |817 |01:10:53 ~-~-> 01:11:00 |will go to an area of smoothness for the purpose of disrupting any orders that
1001 |818 |01:11:00 ~-~-> 01:11:07 |would be resting above or below it we've already mentioned down here show you.
1002 |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
1003 |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
1004 |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
1005 |822 |01:11:30 ~-~-> 01:11:35 |have, obviously the benefit of hindsight initially, but you don't want to stay in
1006 |823 |01:11:35 ~-~-> 01:11:40 |that very long, so you're going to have to procure yourself Some instruments
1007 |824 |01:11:40 ~-~-> 01:11:45 |that allow you to watch price action, not with Market Replay.
1008 |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
1009 |826 |01:11:52 ~-~-> 01:11:56 |stand it, and I wish it wasn't available. That's that I wish it wasn't
1010 |827 |01:11:56 ~-~-> 01:12:03 |even available to anyone else, because it's a crutch that allows frauds to be
1011 |828 |01:12:03 ~-~-> 01:12:07 |able to sound like they're smart and teach something because it's already
1012 |829 |01:12:07 ~-~-> 01:12:16 |happened. If you can do it over live price action, not just once in a while,
1013 |830 |01:12:16 ~-~-> 01:12:23 |but continuously, and your audience or viewership can see this, then you have
1014 |831 |01:12:23 ~-~-> 01:12:27 |earned the right to have a voice, and then people should have no problems
1015 |832 |01:12:27 ~-~-> 01:12:30 |sitting and listening to you lecture and talk about what you think is likely to
1016 |833 |01:12:30 ~-~-> 01:12:35 |occur, because you have a sound basis or foundation to what what it is that
1017 |834 |01:12:35 ~-~-> 01:12:38 |you're talking about. Therefore, because you have a track record of being able to
1018 |835 |01:12:38 ~-~-> 01:12:44 |talk about before it happens, it removes the anxiety that is reasonable for
1019 |836 |01:12:44 ~-~-> 01:12:46 |everyone to have when they first sit down Listen, but when you as the
1020 |837 |01:12:46 ~-~-> 01:12:49 |student, and you don't have the ability to watch it live, because you have a
1021 |838 |01:12:49 ~-~-> 01:12:56 |job, or you're in university, or you sleep like you have to sleep, right, and
1022 |839 |01:12:56 ~-~-> 01:13:03 |your place In the world and your general geographic location may not be conducive
1023 |840 |01:13:03 ~-~-> 01:13:07 |for you to trade at 830 tomorrow in New York, local time, you may have to trade
1024 |841 |01:13:07 ~-~-> 01:13:13 |in the London session. And yes, Virginia, I will be up during the London
1025 |842 |01:13:13 ~-~-> 01:13:16 |session doing one of these, or two of these lectures in a week or two. Okay,
1026 |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
1027 |844 |01:13:21 ~-~-> 01:13:24 |back to that section where I was telling you, write down the times of the day in
1028 |845 |01:13:24 ~-~-> 01:13:28 |a moment. But when we're looking at initially, you don't have to see this
1029 |846 |01:13:28 ~-~-> 01:13:37 |real time to get a collection of screenshots for your journal. But if you
1030 |847 |01:13:37 ~-~-> 01:13:42 |don't do this and journal and screenshot and annotate your chart and study how
1031 |848 |01:13:42 ~-~-> 01:13:47 |long price runs took place. How many candles did it take to move there? Was
1032 |849 |01:13:47 ~-~-> 01:13:55 |there any kind of formation in the price delivery that would have caused you to
1033 |850 |01:13:55 ~-~-> 01:13:59 |not trust it unfolding? Now that's going to be very hard for you to do, because
1034 |851 |01:13:59 ~-~-> 01:14:02 |initially, especially the men, they're always going to say, No, I would have
1035 |852 |01:14:02 ~-~-> 01:14:05 |never second guessed it. It would have it would have been easy for me to hold
1036 |853 |01:14:05 ~-~-> 01:14:08 |on to that. And the same people, when they get into a trade, if they ever were
1037 |854 |01:14:08 ~-~-> 01:14:12 |to do it in front of you, they don't have any conviction, and they're going
1038 |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
1039 |856 |01:14:15 ~-~-> 01:14:20 |pressure. It's moved five handles, but they call 30 handles or 50 handles above
1040 |857 |01:14:20 ~-~-> 01:14:25 |or below, and they get out of five hands because the pressure of it not doing
1041 |858 |01:14:26 ~-~-> 01:14:30 |what they expected to do, and then realizing a loss in front of someone
1042 |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
1043 |860 |01:14:35 ~-~-> 01:14:39 |more important their image, or them following a model that they have seen
1044 |861 |01:14:39 ~-~-> 01:14:42 |works and have trusted and did the back testing, and they had the data behind
1045 |862 |01:14:42 ~-~-> 01:14:47 |it, their image, and that's not someone you should learn from. Okay, I'm just
1046 |863 |01:14:47 ~-~-> 01:14:54 |tossing that out there. So what we're looking for always, the first thing that
1047 |864 |01:14:54 ~-~-> 01:15:02 |you're looking for, Caleb, is, where is the market? Smooth. On the 15, the five
1048 |865 |01:15:02 ~-~-> 01:15:07 |and the one minute chart. Is that complicated? Nope, it's not complicated
1049 |866 |01:15:07 ~-~-> 01:15:12 |at all. It's real simple. What does it look like to be smooth? Well, when you
1050 |867 |01:15:12 ~-~-> 01:15:17 |have price levels that create highs, like this swing high here and this swing
1051 |868 |01:15:17 ~-~-> 01:15:23 |high here, they're real close to one another. See that when you're looking
1052 |869 |01:15:23 ~-~-> 01:15:28 |for relative equal highs, here's your secret weapon for it, okay, how do you
1053 |870 |01:15:28 ~-~-> 01:15:33 |know it's a high probability, relative equal high that's likely to get swept or
1054 |871 |01:15:33 ~-~-> 01:15:38 |traded through? How do you know that? ICT, what differentiates that from any
1055 |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
1056 |873 |01:15:44 ~-~-> 01:15:47 |slightly higher than the right, you have a very, very high probability that
1057 |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
1058 |875 |01:15:52 ~-~-> 01:15:56 |high and then the swing here happens to be just a little bit lower than that.
1059 |876 |01:15:56 ~-~-> 01:16:02 |Here's what's going on. This is called priming. Okay? Priming is where you
1060 |877 |01:16:02 ~-~-> 01:16:13 |continuously create, inspire or manipulate the expectations of a large
1061 |878 |01:16:13 ~-~-> 01:16:17 |number of investors, and they think, oh, it's going to go through that high but
1062 |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
1063 |880 |01:16:20 ~-~-> 01:16:26 |went short. So when the market goes up here and stops and turns down, what that
1064 |881 |01:16:26 ~-~-> 01:16:33 |does is it creates a sympathetic sigh. The shorts are relaxing. If the shorts
1065 |882 |01:16:33 ~-~-> 01:16:36 |are relaxing, what are they saying? They're saying that this is now what
1066 |883 |01:16:36 ~-~-> 01:16:42 |resistance. So anyone that takes a new short position, where are they going to
1067 |884 |01:16:42 ~-~-> 01:16:46 |think that the safest place to put their stop loss is going to be right above
1068 |885 |01:16:46 ~-~-> 01:16:52 |these highs? Why can we trust that they're likely to take that relative
1069 |886 |01:16:52 ~-~-> 01:16:57 |equal high out? Not that it will that session that you're trading, but it's
1070 |887 |01:16:57 ~-~-> 01:17:02 |high probability that this will be swept when the second or the one to the right
1071 |888 |01:17:02 ~-~-> 01:17:06 |that swing high is lower than the one to the left, that frames these two as
1072 |889 |01:17:06 ~-~-> 01:17:12 |relatively equal. Okay, same thing is occurring. Here. We have this high here,
1073 |890 |01:17:12 ~-~-> 01:17:16 |this high here, this one being slightly lower than that one. So when the market
1074 |891 |01:17:16 ~-~-> 01:17:20 |went up like this and we had this drop down, what that causes is a sympathetic
1075 |892 |01:17:20 ~-~-> 01:17:26 |sigh. I What Is that causing people? Anyone that went short here, they feel
1076 |893 |01:17:26 ~-~-> 01:17:31 |like, okay, that's scary, because it almost went that high where their stop
1077 |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
1078 |895 |01:17:36 ~-~-> 01:17:39 |you think it looks like when we have relative equal lows, what would be a
1079 |896 |01:17:39 ~-~-> 01:17:43 |high probability, relative equal load, that the market is likely to draw down
1080 |897 |01:17:43 ~-~-> 01:17:46 |and go below it would be a low I
1081 |898 |01:18:04 ~-~-> 01:18:14 |that has a slightly higher low in common terms, it's referred as a failure swing.
1082 |899 |01:18:14 ~-~-> 01:18:18 |Okay, so a failure swing. Now a lot of people say, Oh, see, he's just
1083 |900 |01:18:18 ~-~-> 01:18:22 |reinventing No, see what you you're trying to trade that. That's what a
1084 |901 |01:18:22 ~-~-> 01:18:26 |failure swing is when you're trying to trade you long or short, when that
1085 |902 |01:18:26 ~-~-> 01:18:32 |second pass that doesn't take out the low or take out a previous high, that's
1086 |903 |01:18:32 ~-~-> 01:18:37 |selling short of failure swing, okay, what I'm teaching you is, is how to
1087 |904 |01:18:37 ~-~-> 01:18:43 |identify in in price action, where the algorithm will refer back to and why?
1088 |905 |01:18:44 ~-~-> 01:18:48 |What are the what are the the central tenants as to what the algorithm is
1089 |906 |01:18:48 ~-~-> 01:18:54 |referring to at a specific time of day, most important, and then it refers back
1090 |907 |01:18:54 ~-~-> 01:18:58 |to these because, okay, it sees this high based on time, and then the higher
1091 |908 |01:18:58 ~-~-> 01:19:02 |high prior to that one is here. So it's very simple for the algorithm to call
1092 |909 |01:19:02 ~-~-> 01:19:06 |that information as an array and say, Okay, this high was at this time, and
1093 |910 |01:19:06 ~-~-> 01:19:10 |this high was higher than prior to it, and they're in close proximity. What's
1094 |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
1095 |912 |01:19:15 ~-~-> 01:19:20 |difference between the price and when you have that element, the market will
1096 |913 |01:19:20 ~-~-> 01:19:25 |invariably start marching back to those levels. It does not matter. It apps.
1097 |914 |01:19:25 ~-~-> 01:19:31 |Listen, listen, folks. It does not matter how many buyers are buying the
1098 |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
1099 |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?
1100 |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
1101 |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.
1102 |919 |01:19:55 ~-~-> 01:20:01 |There's no imbalances there. There's no imbalances. You're. Just as many short
1103 |920 |01:20:01 ~-~-> 01:20:06 |orders below the market as there is above. But yet, the market will still
1104 |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
1105 |922 |01:20:10 ~-~-> 01:20:18 |you it does. It reaches to these levels because it's coded to do this. And if
1106 |923 |01:20:18 ~-~-> 01:20:22 |you do this for a couple weeks, you're going to see, oh, wow, yeah. This is,
1107 |924 |01:20:22 ~-~-> 01:20:27 |this feels artificial. It feels like it's it's designed to do these types of
1108 |925 |01:20:27 ~-~-> 01:20:31 |things because they tend to repeat every single day at specific times of the day.
1109 |926 |01:20:31 ~-~-> 01:20:37 |It will do this. Let me go back to the times element every day between eight
1110 |927 |01:20:37 ~-~-> 01:20:40 |o'clock in the morning. This is all always New York local time. Okay, so
1111 |928 |01:20:40 ~-~-> 01:20:43 |it's very important you You remember that, because I have new people coming
1112 |929 |01:20:43 ~-~-> 01:20:47 |all the time, and they'll say, I looked at this chart here, and you told me,
1113 |930 |01:20:47 ~-~-> 01:20:52 |Yeah, but you're looking at it in Bangladesh time. Okay? I don't live in
1114 |931 |01:20:52 ~-~-> 01:20:57 |Bangladesh. I'm in the east coast of the United States, and the algorithm is on
1115 |932 |01:20:57 ~-~-> 01:21:01 |New York local time. I don't care what anybody else tells you, okay, that's
1116 |933 |01:21:01 ~-~-> 01:21:06 |what it's on, period and the story. You can wrestle with it if you want, but
1117 |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
1118 |935 |01:21:12 ~-~-> 01:21:17 |to sit down and determine where are the smooth locations in price action on the
1119 |936 |01:21:17 ~-~-> 01:21:22 |15 minute, the five minute and the one minute, okay? And we go, we've, we've
1120 |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
1121 |938 |01:21:29 ~-~-> 01:21:35 |that this high here is relative to that one, and this one here also with that
1122 |939 |01:21:36 ~-~-> 01:21:39 |this one being slightly higher than that one. So there's a lot of liquidity.
1123 |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
1124 |941 |01:21:48 ~-~-> 01:21:55 |to happen during that session. It does not mean that, and that is the
1125 |942 |01:21:55 ~-~-> 01:21:59 |underlying risk that you assume every single time you take a trade. You're
1126 |943 |01:21:59 ~-~-> 01:22:04 |looking for things that are going to stack the odds of probability in your
1127 |944 |01:22:04 ~-~-> 01:22:08 |favor. It does not mean it's an absolute, guaranteed outcome. See, I
1128 |945 |01:22:08 ~-~-> 01:22:13 |have students that literally take the time and waste their time and writing me
1129 |946 |01:22:13 ~-~-> 01:22:17 |an email. Sometimes they're like novels or novellas, and usually it's like three
1130 |947 |01:22:17 ~-~-> 01:22:22 |paragraphs of congrat congratulating me and worship and whatever. And I don't
1131 |948 |01:22:22 ~-~-> 01:22:25 |like that, and usually when I get that kind of stuff, I immediately just this.
1132 |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
1133 |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
1134 |951 |01:22:33 ~-~-> 01:22:36 |of those things. I'm just a guy that has a whole bunch of information and
1135 |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
1136 |953 |01:22:40 ~-~-> 01:22:50 |it. But these individuals will say, you know, I need you to tell me how to make
1137 |954 |01:22:50 ~-~-> 01:22:55 |sure that I don't have this wrong. I only want to take this pattern. So how
1138 |955 |01:22:55 ~-~-> 01:23:01 |do I avoid taking losing trades with a inversion, fair value gap or a
1139 |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
1140 |957 |01:23:05 ~-~-> 01:23:10 |shift in market structure? Well, that's easy. You have to have a higher Time
1141 |958 |01:23:10 ~-~-> 01:23:16 |Frame premise and a directional draw where the market's going to go, and if
1142 |959 |01:23:16 ~-~-> 01:23:22 |you think it's going to go higher, when you see the market creating a short term
1143 |960 |01:23:22 ~-~-> 01:23:27 |turn. Well, I'll give you an example. Over here. We have the relative equal
1144 |961 |01:23:27 ~-~-> 01:23:34 |lows here and the market drops. You see that? So this drop down here, every up
1145 |962 |01:23:34 ~-~-> 01:23:41 |close candle on this time frame, all this right here, that is your breaker.
1146 |963 |01:23:41 ~-~-> 01:23:47 |The most sensitive candle, or range is going to be the last up close candle.
1147 |964 |01:23:50 ~-~-> 01:23:56 |Look at like this. That's this range low and see where the body stopped, right
1148 |965 |01:23:56 ~-~-> 01:24:00 |there. We wick through it. I'm not denying that, but the damage is always
1149 |966 |01:24:00 ~-~-> 01:24:05 |done by the wick and the range high there,
1150 |967 |01:24:13 ~-~-> 01:24:18 |oops, sorry, that is your bullish breaker. But the range here from that up
1151 |968 |01:24:18 ~-~-> 01:24:23 |close candle that starts all these consecutive up close candles, all of
1152 |969 |01:24:23 ~-~-> 01:24:29 |that is technically the bullish breaker, though, the most sensitivity is going to
1153 |970 |01:24:29 ~-~-> 01:24:33 |be seen in that last up close candle. That is not supply and demand. That's
1154 |971 |01:24:33 ~-~-> 01:24:38 |not, that's not supply and demand zone. Sam SEIDEN would never, ever, ever refer
1155 |972 |01:24:38 ~-~-> 01:24:41 |to what I just said, Never. He would never do that, and he would never
1156 |973 |01:24:41 ~-~-> 01:24:45 |consider anyway, because we're cutting through candles, because we're looking
1157 |974 |01:24:45 ~-~-> 01:24:50 |at what an algorithm is doing, not some floor trader ticket runners perception
1158 |975 |01:24:50 ~-~-> 01:24:56 |of something that doesn't really exist. So the turn here at the bodies that
1159 |976 |01:24:56 ~-~-> 01:25:00 |tells you what tells you the narrative. So what is it going to do? It, it's
1160 |977 |01:25:00 ~-~-> 01:25:04 |going to go higher. Okay, so what at that time would you focus on? Well, you
1161 |978 |01:25:04 ~-~-> 01:25:09 |have this short term high here, the inefficiency that's trade to there. We
1162 |979 |01:25:09 ~-~-> 01:25:12 |want to see it, trade above it and then act as what support, which would be a,
1163 |980 |01:25:12 ~-~-> 01:25:17 |what integration of your value gap to do that. What would it reach for next, this
1164 |981 |01:25:17 ~-~-> 01:25:22 |high and this inefficiency? Does it do that? Yes, what are the bodies doing?
1165 |982 |01:25:23 ~-~-> 01:25:27 |Stopping just at that same level here, and more specifically, in my eyes,
1166 |983 |01:25:27 ~-~-> 01:25:30 |didn't notice this when I put it up here. Do you see a little separation?
1167 |984 |01:25:32 ~-~-> 01:25:35 |That's a volume imbalance. Go back and listen to the other lectures. You have
1168 |985 |01:25:35 ~-~-> 01:25:39 |to include that volume imbalance when you have a fair value gap. Whether this
1169 |986 |01:25:39 ~-~-> 01:25:47 |year city put it on you can see the bodies being encapsulated by that, and
1170 |987 |01:25:47 ~-~-> 01:25:52 |now the market trades back up into that, the bodies. I'm sorry the audience,
1171 |988 |01:25:52 ~-~-> 01:25:56 |candlesticks are trading inside the inefficiency it wicks above it. But look
1172 |989 |01:25:56 ~-~-> 01:26:04 |where the bodies are stopping, and look where the bodies are here. I'm Where's
1173 |990 |01:26:04 ~-~-> 01:26:10 |liquidity at below here, nothing in here. This is all very balanced price
1174 |991 |01:26:10 ~-~-> 01:26:15 |delivery, because it's back and forth. Every other candle is overlapping the
1175 |992 |01:26:15 ~-~-> 01:26:21 |highest high and the lowest low. Pretty much, pretty much, kind of coloring it
1176 |993 |01:26:21 ~-~-> 01:26:25 |very, very, very good, back and forth, all this price actions back and forth
1177 |994 |01:26:25 ~-~-> 01:26:30 |versus then we have all these run where we have separations in here, back down
1178 |995 |01:26:30 ~-~-> 01:26:36 |into that breaker. There this response right here to what it's just done. There
1179 |996 |01:26:38 ~-~-> 01:26:44 |that expectation and response in how price can react to levels like that.
1180 |997 |01:26:44 ~-~-> 01:26:48 |That's a nice little scalp, right there. I mean, look at it. Move from 515 to
1181 |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
1182 |999 |01:26:58 ~-~-> 01:27:04 |second chart. You can, if you know what you're looking for. You looking for now,
1183 |1000 |01:27:04 ~-~-> 01:27:13 |also notice that we've treated again, high, lower, high, high, lower, high,
1184 |1001 |01:27:13 ~-~-> 01:27:21 |but real close to one another. When did it form? Prior to 930 so we have eight
1185 |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
1186 |1003 |01:27:26 ~-~-> 01:27:33 |to look and seek the liquidity or inefficiencies. So here's 930 there,
1187 |1004 |01:27:34 ~-~-> 01:27:40 |forming on the bullish breaker. It trades down. And then we have relative
1188 |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
1189 |1006 |01:27:45 ~-~-> 01:27:53 |the sake of discussion. So we have these relative equal highs, this high and that
1190 |1007 |01:27:53 ~-~-> 01:27:58 |high, relative equal high and we have this area up here. So if the market's
1191 |1008 |01:27:58 ~-~-> 01:28:03 |going to do, what if it's going to make a punishing move towards the shorts that
1192 |1009 |01:28:03 ~-~-> 01:28:09 |want to see it drop, because the market has dropped early on, seven o'clock in
1193 |1010 |01:28:09 ~-~-> 01:28:14 |the morning, okay? And we have all these very clean levels. What did we just do
1194 |1011 |01:28:14 ~-~-> 01:28:20 |here? We have a low. It was traded down into it disrupted this little area in
1195 |1012 |01:28:20 ~-~-> 01:28:26 |here. So it's made this area jagged. Remember I was saying earlier, where the
1196 |1013 |01:28:26 ~-~-> 01:28:33 |market's real smooth over here versus what it was doing down here, where has
1197 |1014 |01:28:33 ~-~-> 01:28:40 |the work been done? Meaning, if there is a group of traders that are very
1198 |1015 |01:28:40 ~-~-> 01:28:45 |cannibalistic, and they tend to be more correct than wrong, or if they are the
1199 |1016 |01:28:45 ~-~-> 01:28:49 |ones that generally make the money more consistently than the ones that don't.
1200 |1017 |01:28:49 ~-~-> 01:28:54 |In other words, think of like the World Series of Poker. Okay, if you ever watch
1201 |1018 |01:28:54 ~-~-> 01:29:02 |that, it's really fascinating to see how the long term players that always find
1202 |1019 |01:29:02 ~-~-> 01:29:07 |themselves at the final table. They may not win, but they always find their way
1203 |1020 |01:29:07 ~-~-> 01:29:14 |at the final table. That's experience, and that's skill. Well, you can see
1204 |1021 |01:29:14 ~-~-> 01:29:18 |those things in price action. They're like fingerprints, okay, you can see
1205 |1022 |01:29:18 ~-~-> 01:29:21 |when the cannibals come in and they devour the pygmies. They go in there and
1206 |1023 |01:29:21 ~-~-> 01:29:27 |just chew em all up. And it's where the market is made jagged price delivery
1207 |1024 |01:29:28 ~-~-> 01:29:32 |always. It's always like this, folks. It's never not going to be hidden from
1208 |1025 |01:29:32 ~-~-> 01:29:41 |you. Okay? It's always plain sight. But see, you're so in enamored by animal
1209 |1026 |01:29:41 ~-~-> 01:29:47 |patterns, harmonic patterns, gimmicky named, supposed retail indicators.
1210 |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
1211 |1028 |01:29:52 ~-~-> 01:29:59 |them. It's the open, high, low and close and the clock. How about that? How about
1212 |1029 |01:29:59 ~-~-> 01:30:04 |that? Catch me outside. How about that? Okay, it's simple, and all of you
1213 |1030 |01:30:04 ~-~-> 01:30:08 |complain, not all, but just the the asshats do, oh, this is complicated.
1214 |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
1215 |1032 |01:30:13 ~-~-> 01:30:17 |so, doing anything I don't see so and so, doing anything but using market
1216 |1033 |01:30:17 ~-~-> 01:30:25 |replay and trying to convince himself everything he says after he says it. So
1217 |1034 |01:30:25 ~-~-> 01:30:31 |we had these relative equal highs swept here. See that case study, bullish
1218 |1035 |01:30:31 ~-~-> 01:30:35 |breaker to there. So how many candles did it take to do that? You screenshot
1219 |1036 |01:30:35 ~-~-> 01:30:42 |it. How many? How many handles Did it run from the low to that relative equal
1220 |1037 |01:30:42 ~-~-> 01:30:46 |high being taken out. And once it does that, keep the chart active with it on
1221 |1038 |01:30:46 ~-~-> 01:30:50 |there, but then just make it very, very light. Well, not that like, make it
1222 |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.
1223 |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
1224 |1041 |01:30:58 ~-~-> 01:31:05 |traded down into mid gap, which is this wick here, since price is above it, that
1225 |1042 |01:31:05 ~-~-> 01:31:09 |makes it a discount array, consequent encroachment of that trace to it, we
1226 |1043 |01:31:09 ~-~-> 01:31:11 |want to see it run above this high here.
1227 |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,
1228 |1045 |01:31:22 ~-~-> 01:31:27 |because not only am I giving you things to talk about in your own journal of
1229 |1046 |01:31:27 ~-~-> 01:31:32 |focus, but you're also seeing things unfold over a live chart, and you're
1230 |1047 |01:31:32 ~-~-> 01:31:35 |watching on your live chart. Okay? So this is not Market Replay. It's not
1231 |1048 |01:31:35 ~-~-> 01:31:40 |delayed data, okay? It's not after the fact, talking narrative over a chart,
1232 |1049 |01:31:41 ~-~-> 01:31:45 |everything that these assets leave comments on in my YouTube comment
1233 |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
1234 |1051 |01:31:48 ~-~-> 01:31:52 |the relative equal highs there too. So now same thing here. You want to mute
1235 |1052 |01:31:53 ~-~-> 01:31:58 |that in terms of its importance. And now you want to see, does it have the
1236 |1053 |01:31:58 ~-~-> 01:32:07 |wherewithal to run aggressively for that 17,008 20.75 any of this seem
1237 |1054 |01:32:07 ~-~-> 01:32:14 |complicated to you? It shouldn't already know what you're thinking. And some of
1238 |1055 |01:32:14 ~-~-> 01:32:17 |you said it out loud, yes, because you're saying it when you talk about it,
1239 |1056 |01:32:17 ~-~-> 01:32:21 |so obvious when you talk about it, when it's happening, I can see it when you
1240 |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
1241 |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
1242 |1059 |01:32:29 ~-~-> 01:32:31 |stream off, and you're just going to just know how to do it right away,
1243 |1060 |01:32:31 ~-~-> 01:32:34 |because you watch me disclose one or two things and one element in the
1244 |1061 |01:32:34 ~-~-> 01:32:38 |marketplace now you're suddenly going to know how to do it. Nobody can reasonably
1245 |1062 |01:32:38 ~-~-> 01:32:44 |expect to do that. You're placing too much emphasis on being fast. I gotta
1246 |1063 |01:32:44 ~-~-> 01:32:47 |learn how to do it right now, because the market's going to stop working next
1247 |1064 |01:32:47 ~-~-> 01:32:54 |week, next year. I thought the algorithm was supposed to stop working this year.
1248 |1065 |01:32:54 ~-~-> 01:32:58 |Whatever. Get out of here. Get out of here. The batteries don't run dead on
1249 |1066 |01:32:58 ~-~-> 01:33:02 |this. Okay? When the markets are dead, then the algorithm won't work anymore.
1250 |1067 |01:33:02 ~-~-> 01:33:09 |Okay. But the point is this the very, very first thing you're doing as an
1251 |1068 |01:33:09 ~-~-> 01:33:15 |undeveloped, unrefined trader, someone like my son. Caleb, okay, don't be
1252 |1069 |01:33:15 ~-~-> 01:33:18 |offended by that, son. It is what it is. I've called you worse things. The idea
1253 |1070 |01:33:18 ~-~-> 01:33:25 |is that you're looking for the smooth areas where the price is so obviously
1254 |1071 |01:33:25 ~-~-> 01:33:31 |being defended and being presented and being offered. For retail minded Tracy,
1255 |1072 |01:33:31 ~-~-> 01:33:36 |I don't look at charts. I absolutely don't look at charts and think of what
1256 |1073 |01:33:36 ~-~-> 01:33:43 |retail pattern here I can use to get in sync with a price run. Look at that
1257 |1074 |01:33:43 ~-~-> 01:33:47 |beautiful delivery right to that volume of balance there, which is inside,
1258 |1075 |01:33:47 ~-~-> 01:33:52 |encapsulated in that city, went right to the high of that. Now, when you're
1259 |1076 |01:33:52 ~-~-> 01:33:58 |looking at price, you're looking for the obvious, very, very, very smooth,
1260 |1077 |01:33:58 ~-~-> 01:34:03 |relative equal highs or relative equal lows. How do you know which one they're
1261 |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
1262 |1079 |01:34:08 ~-~-> 01:34:14 |trust? How do you determine which side of the marketplace it's going to reach
1263 |1080 |01:34:14 ~-~-> 01:34:18 |for? Because what this is going to do, it gives you the initial building blocks
1264 |1081 |01:34:18 ~-~-> 01:34:27 |to understanding bias. Oh, you didn't realize we were going there, did you?
1265 |1082 |01:34:28 ~-~-> 01:34:32 |You didn't realize? With all this jaw burning and half of you quit watching
1266 |1083 |01:34:32 ~-~-> 01:34:36 |because I was talking about things that wasn't interesting, but they're coming
1267 |1084 |01:34:36 ~-~-> 01:34:41 |back to the channel now or later on, they'll say, Damn it, right. It went
1268 |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
1269 |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
1270 |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
1271 |1088 |01:34:52 ~-~-> 01:34:55 |week, and it's going to do it every freaking week that I want to stay out
1272 |1089 |01:34:55 ~-~-> 01:34:58 |here and do it live. Okay? That's just the way it works around here. You.
1273 |1090 |01:35:00 ~-~-> 01:35:05 |That's the way it is, because I understand what this thing's doing. And
1274 |1091 |01:35:05 ~-~-> 01:35:10 |then you want to screenshot that. Okay, so when you're looking at price action,
1275 |1092 |01:35:12 ~-~-> 01:35:17 |you want to be able to determine what in this whole scheme of price delivery,
1276 |1093 |01:35:17 ~-~-> 01:35:23 |what does it do in terms of resonating with you. Where would you feel
1277 |1094 |01:35:23 ~-~-> 01:35:28 |confident? This is the part that a lot of my students skip over. They don't do
1278 |1095 |01:35:28 ~-~-> 01:35:33 |any work with this part of it. They ignore it. They assume that it has no
1279 |1096 |01:35:33 ~-~-> 01:35:38 |bearing on them. It doesn't have any basis or placement in them. Okay?
1280 |1097 |01:35:38 ~-~-> 01:35:43 |Because they want some kind of gimmicky little 123, get me in the trade. Where's
1281 |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
1282 |1099 |01:35:47 ~-~-> 01:35:51 |be able to do everything perfect, right from step one. I don't want to have any
1283 |1100 |01:35:51 ~-~-> 01:35:56 |adversities. That's not realistic, because you're gonna have a whole lot of
1284 |1101 |01:35:56 ~-~-> 01:35:59 |adversities, and you have to invite that. Be comfortable with it, because
1285 |1102 |01:35:59 ~-~-> 01:36:02 |that's where it's going to highlight your shortcomings and your
1286 |1103 |01:36:02 ~-~-> 01:36:07 |understanding, and it's going to also teach you how to overcome it, because
1287 |1104 |01:36:07 ~-~-> 01:36:12 |once you identify what you're having an issue with, wouldn't you want to know
1288 |1105 |01:36:12 ~-~-> 01:36:15 |what your problems are in your relationship? Like if you're if you are
1289 |1106 |01:36:15 ~-~-> 01:36:21 |married to a new, new spouse, and you genuinely love them, but they haven't
1290 |1107 |01:36:21 ~-~-> 01:36:24 |been forthright in telling you what your character flaws are that really get
1291 |1108 |01:36:24 ~-~-> 01:36:27 |under their skin because they don't want to offend you, because they don't want
1292 |1109 |01:36:27 ~-~-> 01:36:32 |to hurt your feelings. But wouldn't you want them sincerely? Wouldn't you want
1293 |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
1294 |1111 |01:36:38 ~-~-> 01:36:42 |you feel offended, that you want to go run to the bar and cheat on them you
1295 |1112 |01:36:42 ~-~-> 01:36:48 |would love for them to say, Hey, I love you. I sincerely, sincerely care about
1296 |1113 |01:36:48 ~-~-> 01:36:53 |you. I want us to be together. And that romance is what you want with the
1297 |1114 |01:36:53 ~-~-> 01:36:58 |marketplace. You want the market to open its arms and invite you into an embrace
1298 |1115 |01:36:58 ~-~-> 01:37:03 |and feel its bosom against yours, and that tenderness and that love and
1299 |1116 |01:37:03 ~-~-> 01:37:07 |acceptance that I've always been waiting for you, and you're finally with me, and
1300 |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
1301 |1118 |01:37:11 ~-~-> 01:37:15 |that's what you want. You want that romance. But really, what this is, this
1302 |1119 |01:37:15 ~-~-> 01:37:21 |is a dysfunctional element of family, and what it does is it says, Listen, my
1303 |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
1304 |1121 |01:37:25 ~-~-> 01:37:30 |around, okay? And find a spouse out of that type of thing. And you wonder why
1305 |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
1306 |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
1307 |1124 |01:37:42 ~-~-> 01:37:48 |one person in this relationship has to be able to be reasonable, and at some
1308 |1125 |01:37:48 ~-~-> 01:37:52 |point the person that's reasonable has to say, You know what? This isn't
1309 |1126 |01:37:52 ~-~-> 01:37:57 |healthy for me anymore. So that means I have to turn the charts off. I need to
1310 |1127 |01:37:57 ~-~-> 01:37:59 |stop following this market on this time frame right now, because it's not
1311 |1128 |01:37:59 ~-~-> 01:38:08 |healthy. But you can't arrive at that until you do rule based ideas, and you
1312 |1129 |01:38:08 ~-~-> 01:38:15 |break things down modularly, very simplistic. Nothing I did today. Nothing
1313 |1130 |01:38:15 ~-~-> 01:38:21 |is complex. I outlined every single thing. Go back and watch the live stream
1314 |1131 |01:38:22 ~-~-> 01:38:27 |every single thing was in advance and shown to you on a one minute chart. This
1315 |1132 |01:38:27 ~-~-> 01:38:31 |would be further amplified if I was showing it to you on a 15 second chart.
1316 |1133 |01:38:32 ~-~-> 01:38:37 |If you have the capabilities, I'm not saying you have to, but if you have the
1317 |1134 |01:38:37 ~-~-> 01:38:41 |ability to look at a 15 second chart study every level I've outlined here,
1318 |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
1319 |1136 |01:38:46 ~-~-> 01:38:52 |gave you the bias before we really essentially started today. I explained
1320 |1137 |01:38:52 ~-~-> 01:39:00 |to you in very, very bland commentary, almost boring, really, it didn't seem
1321 |1138 |01:39:00 ~-~-> 01:39:04 |scientific. I used analogies that I thought were very simplistic. You know,
1322 |1139 |01:39:04 ~-~-> 01:39:10 |when we're looking at areas that are very smooth, contrast this area up here,
1323 |1140 |01:39:10 ~-~-> 01:39:13 |how that was very, very smooth. And these, remember, these levels over here,
1324 |1141 |01:39:13 ~-~-> 01:39:19 |told you this one. In addition, if you weren't looking at that, that's the
1325 |1142 |01:39:19 ~-~-> 01:39:24 |benefit of looking at three time frames, because, if you can frame an idea of why
1326 |1143 |01:39:24 ~-~-> 01:39:30 |the market's likely to draw to a high or a low or inefficiency that is completely
1327 |1144 |01:39:30 ~-~-> 01:39:35 |visible on three time frames, that it means you have three time frames telling
1328 |1145 |01:39:35 ~-~-> 01:39:41 |you, Hey, pay attention to me. And if that time frame, or those time frames
1329 |1146 |01:39:41 ~-~-> 01:39:46 |are in agreement with a relative equal high or a inefficiency above the
1330 |1147 |01:39:46 ~-~-> 01:39:50 |marketplace. That means, like something like this right here, or this right
1331 |1148 |01:39:50 ~-~-> 01:39:59 |here, or this right here. They're all stepping stones. Notice that they're all
1332 |1149 |01:39:59 ~-~-> 01:40:05 |stepping stones. Inside the context in your under all, I'm sorry, overall
1333 |1150 |01:40:05 ~-~-> 01:40:09 |narrative that the market was going to go here when I first started the live
1334 |1151 |01:40:09 ~-~-> 01:40:17 |session, what? What's the first line I dropped on the chart. This one, it was
1335 |1152 |01:40:17 ~-~-> 01:40:25 |based on these two highs here. That's all it was. Why did I pick this this
1336 |1153 |01:40:25 ~-~-> 01:40:29 |high? Yes, you got my question. Finally, I've been sitting here the whole time
1337 |1154 |01:40:29 ~-~-> 01:40:33 |you're talking. Why'd you pick that high? What's the first thing I told you
1338 |1155 |01:40:34 ~-~-> 01:40:40 |the algorithm is going to go based on time? I don't care what Mickey Mouse
1339 |1156 |01:40:40 ~-~-> 01:40:46 |pattern, with Mickey Mouse logic, some Romper Room theory that just got pulled
1340 |1157 |01:40:46 ~-~-> 01:40:51 |out of somebody's backside because they want to sell some attention for clicks
1341 |1158 |01:40:51 ~-~-> 01:40:59 |and views and mentorships, unless it stems on the basis of time. First, it
1342 |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
1343 |1160 |01:41:04 ~-~-> 01:41:09 |not going to work period. End of story. Put anybody as a mentor, anybody as the
1344 |1161 |01:41:09 ~-~-> 01:41:14 |trader. I don't give up. Shouldn't have said that.
1345 |1162 |01:41:15 ~-~-> 01:41:21 |I tried real hard. I always got through it. I almost got through it. Put anybody
1346 |1163 |01:41:21 ~-~-> 01:41:26 |you want in that list, whatever they trade, however they trade, it does not
1347 |1164 |01:41:26 ~-~-> 01:41:32 |work. It will fail. Stick with it long enough, you'll see it will fail more
1348 |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
1349 |1166 |01:41:38 ~-~-> 01:41:41 |down with you, whether it be on the Twitter space where I was calling out
1350 |1167 |01:41:41 ~-~-> 01:41:45 |the candlesticks individually before they happened, or on a live stream where
1351 |1168 |01:41:45 ~-~-> 01:41:50 |giving you the logic, explaining to you why it should do it okay, and then it
1352 |1169 |01:41:50 ~-~-> 01:41:58 |just simply does it. How's that possible? No ego. Seriously, let's,
1353 |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
1354 |1171 |01:42:02 ~-~-> 01:42:05 |you, especially if you're a first time viewer here, or maybe you come back.
1355 |1172 |01:42:05 ~-~-> 01:42:08 |This is your second time watching a live stream, because You expected me to do
1356 |1173 |01:42:08 ~-~-> 01:42:17 |something silly today. How is it, how is it that the market does exactly what I'm
1357 |1174 |01:42:17 ~-~-> 01:42:23 |saying, it's going to do you ever think about that. How is it possible that this
1358 |1175 |01:42:23 ~-~-> 01:42:31 |one single person can get it right so often, in front of 1000s of people, when
1359 |1176 |01:42:31 ~-~-> 01:42:35 |many of them are hoping and praying, please, please, God, let him get it
1360 |1177 |01:42:35 ~-~-> 01:42:38 |right. I gotta go on Twitter and brag about how you messed up today. I gotta
1361 |1178 |01:42:38 ~-~-> 01:42:46 |make a video exposing ICT. I need grocery bill money. You're so fun to
1362 |1179 |01:42:46 ~-~-> 01:42:52 |manipulate all you haters. But seven o'clock is a very key time that starts.
1363 |1180 |01:42:52 ~-~-> 01:42:57 |What the morning session? It matters not that we're trading a Forex or futures.
1364 |1181 |01:42:58 ~-~-> 01:43:02 |The morning session am session starts at seven o'clock in the morning New York
1365 |1182 |01:43:02 ~-~-> 01:43:08 |local time. York local time. Okay? So you can have a model that says, I can't
1366 |1183 |01:43:08 ~-~-> 01:43:12 |be in front of the charts between eight o'clock and 830 and maybe you can trade
1367 |1184 |01:43:12 ~-~-> 01:43:17 |a 930 opening bell for indices because you have to get ready for work. Okay,
1368 |1185 |01:43:17 ~-~-> 01:43:21 |but it just so happens that the time elements in your personal life and
1369 |1186 |01:43:21 ~-~-> 01:43:24 |geographically location in the world that it allows you and affords you to
1370 |1187 |01:43:24 ~-~-> 01:43:30 |look at the mark between seven o'clock and say, 745 worst case scenario, 730 if
1371 |1188 |01:43:30 ~-~-> 01:43:34 |you're going to work with smaller time frames, you absolutely can use seven
1372 |1189 |01:43:34 ~-~-> 01:43:42 |o'clock to 730 as a model to do this Very exercise, same thing. So your key
1373 |1190 |01:43:42 ~-~-> 01:43:49 |times are this, seven o'clock in the morning to 730 in that 30 minute window,
1374 |1191 |01:43:49 ~-~-> 01:43:54 |you're going to look for relative equal highs and relative equal lows that have
1375 |1192 |01:43:54 ~-~-> 01:43:59 |happened prior to seven o'clock. Okay, and you're going to be looking through
1376 |1193 |01:43:59 ~-~-> 01:44:03 |the time frames of the one minute chart, the five minute chart in the 15 minute
1377 |1194 |01:44:03 ~-~-> 01:44:09 |time now, Caleb, you're not expected to do anything else beyond that until I
1378 |1195 |01:44:09 ~-~-> 01:44:14 |change the depth of what your focus should be. Right. Now, you're just
1379 |1196 |01:44:14 ~-~-> 01:44:19 |having three charts up. Since the 15 minute time frame is pretty, pretty
1380 |1197 |01:44:19 ~-~-> 01:44:23 |static, you only need to refer to it once in the morning. And then your
1381 |1198 |01:44:23 ~-~-> 01:44:26 |second chart could be the five minute chart. We'll go back. Watch what it is
1382 |1199 |01:44:26 ~-~-> 01:44:31 |right now five minute chart. But then what you're doing is, is you're watching
1383 |1200 |01:44:31 ~-~-> 01:44:38 |between seven o'clock and 730 or eight o'clock to 830 or nine to 930 opening
1384 |1201 |01:44:38 ~-~-> 01:44:48 |bell. You're looking for where is the market? Smooth? Smooth? Because still
1385 |1202 |01:44:48 ~-~-> 01:44:56 |waters invite rocks. Think about that. Remember being a kid walking and you see
1386 |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
1387 |1204 |01:44:59 ~-~-> 01:45:03 |the sky. Reflection off of it so smooth. What's the first thing you jump to your
1388 |1205 |01:45:03 ~-~-> 01:45:09 |head? I need a rock for what? Because you can't accept that. Our sinful nature
1389 |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
1390 |1207 |01:45:12 ~-~-> 01:45:16 |out there. Why? What's it going to do? It's going to cause ripples. That's
1391 |1208 |01:45:16 ~-~-> 01:45:20 |exactly why a weak character, individual in a relationship, will have a beautiful
1392 |1209 |01:45:20 ~-~-> 01:45:26 |relationship, a wonderful relationship, something smooth, ain't no drama, no
1393 |1210 |01:45:26 ~-~-> 01:45:31 |reason for ruckus. And what they gotta do, they go out there and they chase
1394 |1211 |01:45:31 ~-~-> 01:45:37 |some thought to go to the bar and pick up some floozy or some silver tongued
1395 |1212 |01:45:38 ~-~-> 01:45:45 |Fox. It says all the right things for her, and you invite that disruption.
1396 |1213 |01:45:45 ~-~-> 01:45:50 |Well, that's what the market does, folks. It's a dysfunctional family
1397 |1214 |01:45:50 ~-~-> 01:45:57 |environment, and you have to be the one that says, Not today, Satan, not today,
1398 |1215 |01:45:58 ~-~-> 01:46:03 |not today. I know your tricks, I know your snares. I know how you're going to
1399 |1216 |01:46:03 ~-~-> 01:46:10 |do it. Okay, so what's the market going to do? Every single session? In the
1400 |1217 |01:46:10 ~-~-> 01:46:14 |morning, you have three opportunities, and you don't have to trade. In the
1401 |1218 |01:46:14 ~-~-> 01:46:17 |afternoon, you don't have to trade the london session, you have three
1402 |1219 |01:46:17 ~-~-> 01:46:23 |opportunities in the morning to set the stage for a run that will build if you
1403 |1220 |01:46:23 ~-~-> 01:46:27 |don't have any understanding about bias, okay, if you don't know what direction
1404 |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
1405 |1222 |01:46:32 ~-~-> 01:46:36 |say note this, note that, here's the secret I just gave to you, what I do
1406 |1223 |01:46:36 ~-~-> 01:46:41 |every single time I go into Tanja trades, when Patrick Whelan had balls
1407 |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
1408 |1225 |01:46:45 ~-~-> 01:46:50 |going to be paying me $500,000 this year. The whole business of anyone else
1409 |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
1410 |1227 |01:46:54 ~-~-> 01:46:57 |do, what I was looking for, in private text, and he can show I gave him
1411 |1228 |01:46:57 ~-~-> 01:47:03 |permission. He can show you what I was expecting. And he watched me do this for
1412 |1229 |01:47:03 ~-~-> 01:47:09 |almost a month, and I got two or three of them wrong, but most of them were
1413 |1230 |01:47:09 ~-~-> 01:47:12 |like, bang, bang, bang, bang. And guess what I was doing, folks, what I just
1414 |1231 |01:47:12 ~-~-> 01:47:18 |taught you here. Tom hoogard, not as much as I showed with the trades by
1415 |1232 |01:47:18 ~-~-> 01:47:23 |Matt, but in certain instances, I showed him, this is what I'm looking for. I
1416 |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
1417 |1234 |01:47:31 ~-~-> 01:47:34 |think is going to happen in the witness of other people, and they can come out
1418 |1235 |01:47:34 ~-~-> 01:47:38 |and say, Yeah, this guy, don't somebody he's talking about. And they're not
1419 |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
1420 |1237 |01:47:42 ~-~-> 01:47:50 |that I like certain people in this industry, and the ones I like, I
1421 |1238 |01:47:50 ~-~-> 01:47:55 |converse with, I share and I engage with. And when I go into other people's
1422 |1239 |01:47:55 ~-~-> 01:47:58 |live streams and I'm helping promote them, sometimes I'll go out and I'll
1423 |1240 |01:47:58 ~-~-> 01:48:02 |point to something and I'll say, watch this level. When I was on Twitter, watch
1424 |1241 |01:48:02 ~-~-> 01:48:07 |note this level. I was doing this in my private mentorship. Never learned this.
1425 |1242 |01:48:08 ~-~-> 01:48:13 |I never sat down with them, never told them that this is a secret weapon. It's
1426 |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.
1427 |1244 |01:48:20 ~-~-> 01:48:28 |This is a flame flower. It's, it's, it's the thing that makes every playing
1428 |1245 |01:48:28 ~-~-> 01:48:33 |field, even they cannot hide it from you. They cannot hide it from you.
1429 |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
1430 |1247 |01:48:37 ~-~-> 01:48:43 |terms, it's this, if you can contrast one side of the marketplace against
1431 |1248 |01:48:43 ~-~-> 01:48:47 |another. Let me. Let me do this in this little area down here, okay, in this
1432 |1249 |01:48:47 ~-~-> 01:48:50 |small, little open section, I'm going to say this and I'm going to close it
1433 |1250 |01:48:50 ~-~-> 01:48:55 |because I have somewhere to be with my wife, and I'm about 20 minutes. I hope
1434 |1251 |01:48:55 ~-~-> 01:48:58 |you haven't if you take this moment for right now,
1435 |1252 |01:48:59 ~-~-> 01:49:03 |if you learn something today, and if you didn't learn something, you're a
1436 |1253 |01:49:03 ~-~-> 01:49:08 |freaking liar, okay, but if you honestly was with me this entire session, and you
1437 |1254 |01:49:08 ~-~-> 01:49:12 |watched me outline this, and I told you why it was going to go here, what levels
1438 |1255 |01:49:12 ~-~-> 01:49:17 |were key, what to focus on, and you watched it pan out, and you understood,
1439 |1256 |01:49:17 ~-~-> 01:49:20 |and you understand now, and if you don't, I'm going to get clear for You.
1440 |1257 |01:49:21 ~-~-> 01:49:25 |Give that a thumbs up, because I take that as I appreciate you spending time
1441 |1258 |01:49:25 ~-~-> 01:49:28 |with us. ICT, I don't need to be doing this. I can do this privately with
1442 |1259 |01:49:28 ~-~-> 01:49:32 |Caleb. I don't I can tell Caleb. I understand that you want to make a
1443 |1260 |01:49:32 ~-~-> 01:49:35 |YouTube channel. I understand that that could make you a little bit of scratch
1444 |1261 |01:49:35 ~-~-> 01:49:39 |and money. I understand that. But no, I don't want these people to know this. I
1445 |1262 |01:49:39 ~-~-> 01:49:43 |could do that, and I don't feel bad telling you that openly, because I've
1446 |1263 |01:49:43 ~-~-> 01:49:48 |done a lot of that stuff that I don't want to share certain things because
1447 |1264 |01:49:48 ~-~-> 01:49:52 |it's too good, because 20 year old kids go out there and pretend they didn't
1448 |1265 |01:49:52 ~-~-> 01:49:55 |learn it from me, and they found it on their own, and they relabel it so they
1449 |1266 |01:49:55 ~-~-> 01:49:59 |can make a name for themselves. And then eventually people find out about and
1450 |1267 |01:49:59 ~-~-> 01:50:02 |then they expose. Minutes, you're nothing more than just an ICT ripoff,
1451 |1268 |01:50:03 ~-~-> 01:50:06 |and you can spare yourself all that stuff just by being honest and say, You
1452 |1269 |01:50:06 ~-~-> 01:50:09 |know what? Thank you, ICT for sharing this. I'm going to make it mine, and
1453 |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
1454 |1271 |01:50:13 ~-~-> 01:50:18 |there doing mentorships now, okay, it's their business. It's not mine. They're
1455 |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,
1456 |1273 |01:50:22 ~-~-> 01:50:26 |just, just remember who fed you. That's it. I'm not doing paid mentorships. I
1457 |1274 |01:50:26 ~-~-> 01:50:30 |could be out here teaching this kind of stuff and more for millions of dollars a
1458 |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
1459 |1276 |01:50:35 ~-~-> 01:50:38 |wasn't for my son tapping me, saying, Hey, Dad, give me another chance to do
1460 |1277 |01:50:38 ~-~-> 01:50:42 |this. I want to learn it. I wouldn't be doing this. Have you been seeing any
1461 |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
1462 |1279 |01:50:47 ~-~-> 01:50:53 |myself into it. I'm going to pour everything I have into this. And I'm not
1463 |1280 |01:50:53 ~-~-> 01:50:57 |fully back to myself. I'm not doing well, like I I've been experiencing
1464 |1281 |01:50:57 ~-~-> 01:51:00 |vertigo, I've had high blood pressure, I've had chest pains. I went rushed to
1465 |1282 |01:51:00 ~-~-> 01:51:04 |their hospital like I had a lot of stuff going on, and I'm not stressed about
1466 |1283 |01:51:04 ~-~-> 01:51:07 |nothing. It's just my body's going through something, and I don't know what
1467 |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
1468 |1285 |01:51:11 ~-~-> 01:51:14 |know exactly what these markets going to do any given day, even on sloppy, seek
1469 |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
1470 |1287 |01:51:18 ~-~-> 01:51:22 |show you me executing in one of them. I am not fearful of any of these market
1471 |1288 |01:51:22 ~-~-> 01:51:26 |profiles. I'm not fearful of my stuff falling out of style, because there is
1472 |1289 |01:51:26 ~-~-> 01:51:31 |no style. This is the market. This is the source code. But when you set up a
1473 |1290 |01:51:31 ~-~-> 01:51:34 |framework of whatever you're going to study in the morning, if you're going to
1474 |1291 |01:51:34 ~-~-> 01:51:37 |trade the morning session, your key times, you have to absolutely be in
1475 |1292 |01:51:37 ~-~-> 01:51:41 |front of the charts between seven o'clock and 730 in the morning, always
1476 |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,
1477 |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
1478 |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.
1479 |1296 |01:51:56 ~-~-> 01:51:59 |Write that down, because if you don't write it down, you're going to forget.
1480 |1297 |01:51:59 ~-~-> 01:52:02 |You're going to call it the opening range. It's not the opening range. The
1481 |1298 |01:52:02 ~-~-> 01:52:07 |opening range is the first 30 minutes after the opening bell at the New York
1482 |1299 |01:52:07 ~-~-> 01:52:15 |session, the first 30 minutes after seven o'clock to 730 that is your pre
1483 |1300 |01:52:15 ~-~-> 01:52:22 |market range. 730 to eight o'clock is your opening range. Oh, remember, I was
1484 |1301 |01:52:22 ~-~-> 01:52:26 |telling you I could trade every single hourly candle. Now you're starting to
1485 |1302 |01:52:26 ~-~-> 01:52:32 |think you're just returning. Aren't they fun, isn't it? And obviously the nine to
1486 |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
1487 |1304 |01:52:37 ~-~-> 01:52:41 |opening range. There is no 15 minute opening range. I don't care what anybody
1488 |1305 |01:52:41 ~-~-> 01:52:45 |tells you. Okay, it's a 30 minute opening range. That's algorithmic. Okay,
1489 |1306 |01:52:46 ~-~-> 01:52:49 |so what you're doing and this, this little range here that's being shown
1490 |1307 |01:52:49 ~-~-> 01:52:52 |here with this rectangle. What I'm saying is, is this is essentially that
1491 |1308 |01:52:53 ~-~-> 01:52:56 |30 minute interval, whether it be seven o'clock to 730, or eight o'clock to 830,
1492 |1309 |01:52:57 ~-~-> 01:53:02 |or nine to 930, that pre market range. In that range, what you're doing is
1493 |1310 |01:53:02 ~-~-> 01:53:05 |you're looking at this, this line, or beginning of that shaded area with
1494 |1311 |01:53:05 ~-~-> 01:53:12 |delineate the seven o'clock, or the eight o'clock or the nine o'clock, where
1495 |1312 |01:53:12 ~-~-> 01:53:17 |it begins at that specific top of the hour. And then this would be the range
1496 |1313 |01:53:17 ~-~-> 01:53:20 |that makes up that first 30 minutes. Now it's not obviously to scale, but I'm
1497 |1314 |01:53:20 ~-~-> 01:53:23 |oversimplifying it for the for the purposes of teaching what I'm saying
1498 |1315 |01:53:24 ~-~-> 01:53:32 |prior to that range, anything before or to the left of this, you're looking for
1499 |1316 |01:53:32 ~-~-> 01:53:40 |equal highs or equal lows. Which side has it? Because that's your bias. It's
1500 |1317 |01:53:40 ~-~-> 01:53:48 |going to draw to that. How do you know if you have both? Because I heard you,
1501 |1318 |01:53:48 ~-~-> 01:53:51 |you're thinking it. But what happens if you have a relative equal high here and
1502 |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
1503 |1320 |01:53:54 ~-~-> 01:53:59 |one to get disrupted, because once that happens, then you work to the other one.
1504 |1321 |01:53:59 ~-~-> 01:54:03 |That's That's your bias. So you have to defer and wait. Now, gamblers or live
1505 |1322 |01:54:03 ~-~-> 01:54:07 |streamers that just want to have people watching them doing anything and not
1506 |1323 |01:54:07 ~-~-> 01:54:10 |really executing on stream, but after trade starts moving in their favor, then
1507 |1324 |01:54:10 ~-~-> 01:54:15 |they'll show I took a trade here. What good is that? What good is that that
1508 |1325 |01:54:15 ~-~-> 01:54:18 |just proves you're not confident in what you're doing, and you're going to show
1509 |1326 |01:54:18 ~-~-> 01:54:22 |it after smoothing your favor, talk about it, explain it, and then do it.
1510 |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,
1511 |1328 |01:54:29 ~-~-> 01:54:34 |how it's easy for me and it's easy for you, whichever one has the relative
1512 |1329 |01:54:34 ~-~-> 01:54:37 |equal highs or relative equal lows, that's a smooth area. It will be
1513 |1330 |01:54:37 ~-~-> 01:54:42 |disrupted anywhere where you see jagged edges, like this down here. See how it
1514 |1331 |01:54:42 ~-~-> 01:54:47 |went jagged and then ripped higher. What's it telling you? What's it telling
1515 |1332 |01:54:47 ~-~-> 01:54:53 |you? I'm going to look for buy side liquidity, buy stops. This has been a
1516 |1333 |01:54:53 ~-~-> 01:54:57 |trap. They engage traders to go short. They're they're trapped short on a
1517 |1334 |01:54:57 ~-~-> 01:55:04 |breakout. Or you. They're not trying to take the shorts out of the market yet,
1518 |1335 |01:55:04 ~-~-> 01:55:10 |and that's why you see all this creeping up. This is all balanced. That's why
1519 |1336 |01:55:10 ~-~-> 01:55:14 |this spike stopped right at the top of the breaker here. Isn't it interesting?
1520 |1337 |01:55:14 ~-~-> 01:55:19 |Isn't that interesting? I've been talking non stop. No chance for me to
1521 |1338 |01:55:19 ~-~-> 01:55:25 |have another ad over, voice over. It's all live. You watch me do it live. I
1522 |1339 |01:55:25 ~-~-> 01:55:31 |explained the logic. And now here's the wonderful thing, you have the privilege
1523 |1340 |01:55:33 ~-~-> 01:55:37 |to go back to your charts and back test this, and your jaw is going to drop.
1524 |1341 |01:55:37 ~-~-> 01:55:42 |You're going to be thinking, it's always been there, but I've been looking for
1525 |1342 |01:55:42 ~-~-> 01:55:46 |this stupid ass harmonic pattern. I've been waiting for my yin and yang to
1526 |1343 |01:55:46 ~-~-> 01:55:50 |appear on my chart. I've been waiting for my moving averages crossing over.
1527 |1344 |01:55:51 ~-~-> 01:55:56 |But my out, my Lux algo indicator, said this, and then said that, and I got
1528 |1345 |01:55:56 ~-~-> 01:56:00 |tripped up. I thought it was going to do no bullshit, bullshit. It's all
1529 |1346 |01:56:00 ~-~-> 01:56:05 |bullshit. There's nothing complicated about what I said in any of the
1530 |1347 |01:56:05 ~-~-> 01:56:10 |mentorship videos. They're just very deep, dry lessons that give you the why.
1531 |1348 |01:56:11 ~-~-> 01:56:14 |Because I'm a person that's highly technical. I want to know why it's going
1532 |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
1533 |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
1534 |1351 |01:56:23 ~-~-> 01:56:28 |it. And if you don't think critically about that, you're a gambler. You
1535 |1352 |01:56:28 ~-~-> 01:56:33 |absolutely are a gambler. I need to understand before I put money behind it.
1536 |1353 |01:56:33 ~-~-> 01:56:38 |I need to know, why is this market going to do this? Then at that time, why
1537 |1354 |01:56:38 ~-~-> 01:56:42 |should it behave that way? And folks, you can't get any plainer or simpler
1538 |1355 |01:56:42 ~-~-> 01:56:45 |than just simply saying, okay, where it's smooth. Now you're going to say,
1539 |1356 |01:56:45 ~-~-> 01:56:49 |well, this isn't new. ICT you talked about relative equal highs and lows
1540 |1357 |01:56:49 ~-~-> 01:56:55 |before, right? And I taught that you should be aiming for them. But you
1541 |1358 |01:56:55 ~-~-> 01:57:00 |haven't been trading like that. You've been doing other stuff and then cussing
1542 |1359 |01:57:00 ~-~-> 01:57:04 |me behind my back, saying this stuff doesn't work. This guy's a fraud. We
1543 |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
1544 |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
1545 |1362 |01:57:14 ~-~-> 01:57:22 |cup. You think, come on, you guys are gullible, man. You're so easy. You're so
1546 |1363 |01:57:22 ~-~-> 01:57:30 |easy. I love it. I absolutely love it. But anyway, the market trades down to
1547 |1364 |01:57:30 ~-~-> 01:57:34 |the bullish breaker that I absolutely identify before it hits it, and then
1548 |1365 |01:57:34 ~-~-> 01:57:37 |goes to the relative equal highs I told you to focus on. And then I gave you
1549 |1366 |01:57:37 ~-~-> 01:57:41 |this one here, and I told you this imbalances prior to these relative equal
1550 |1367 |01:57:41 ~-~-> 01:57:45 |highs being taken. But this was where we were focused on and look where we're
1551 |1368 |01:57:45 ~-~-> 01:57:53 |trading at, see that now in closing, because I really do have to close now,
1552 |1369 |01:57:56 ~-~-> 01:57:59 |in this price run, and we're not going to use all of this, this is
1553 |1370 |01:57:59 ~-~-> 01:58:06 |capitulation. Now it's getting real excited if we have this segment of price
1554 |1371 |01:58:06 ~-~-> 01:58:15 |action, okay, if I'm identifying this area up here, okay, more specifically,
1555 |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
1556 |1373 |01:58:19 ~-~-> 01:58:22 |stick with that one, even though that that other one was later mentioned, even
1557 |1374 |01:58:22 ~-~-> 01:58:26 |before it got treated to that high rate there. Did
1558 |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
1559 |1376 |01:58:32 ~-~-> 01:58:37 |time to press that up thumb icon on YouTube? That's free. I didn't charge
1560 |1377 |01:58:37 ~-~-> 01:58:41 |anything for it, because that really is a way for you to communicate to me that
1561 |1378 |01:58:41 ~-~-> 01:58:44 |you had fun today, that you really did leave and learn something, and now you
1562 |1379 |01:58:44 ~-~-> 01:58:47 |have something that's tangible, that you go back and look at every single day in
1563 |1380 |01:58:47 ~-~-> 01:58:50 |the past and journaling, because you should be doing that every single day.
1564 |1381 |01:58:50 ~-~-> 01:58:54 |You break down the chart starting at seven o'clock in the morning, have seven
1565 |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
1566 |1383 |01:59:00 ~-~-> 01:59:03 |hours, and you want to have your 15 minute time frame, your five minute time
1567 |1384 |01:59:03 ~-~-> 01:59:07 |frame and your one minute time frame charts and annotate. It may require you
1568 |1385 |01:59:07 ~-~-> 01:59:10 |to have multiple charts from that individual one minute chart where you're
1569 |1386 |01:59:10 ~-~-> 01:59:13 |zoomed in and you're annotating something specific that are very salient
1570 |1387 |01:59:13 ~-~-> 01:59:20 |to you, because most of you may not have trusted this as a bullish breaker. You
1571 |1388 |01:59:20 ~-~-> 01:59:23 |mean you saw this drop in here, you're hoping, and some of you are probably
1572 |1389 |01:59:23 ~-~-> 01:59:26 |tickled your asshole was pucker and thinking he's getting screwed. In in
1573 |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
1574 |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
1575 |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
1576 |1393 |01:59:39 ~-~-> 01:59:44 |son, and you're here to learn. If you go back through all of this price, run
1577 |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
1578 |1395 |01:59:50 ~-~-> 01:59:55 |make the most obvious sense to you that you could see. And it says, You know
1579 |1396 |01:59:55 ~-~-> 02:00:00 |what? I understand this, even though ICT pointed out this breaker. You may have
1580 |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
1581 |1398 |02:00:05 ~-~-> 02:00:10 |noticed that it traded down into this fair value gap right there inside of
1582 |1399 |02:00:10 ~-~-> 02:00:17 |this old city, which is essentially where that midpoint between where we
1583 |1400 |02:00:17 ~-~-> 02:00:21 |expect price to trade to, which is above these highs and where it traded from,
1584 |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
1585 |1402 |02:00:29 ~-~-> 02:00:33 |originated from, where's the midpoint? Well, let's do a simple measurement.
1586 |1403 |02:00:33 ~-~-> 02:00:37 |Here's your fib, and we're going to say something above these relative equal
1587 |1404 |02:00:37 ~-~-> 02:00:40 |highs. We'll just randomly pick an area right there. Okay, I'm just being very
1588 |1405 |02:00:40 ~-~-> 02:00:44 |bland. There's no real reason I'm picking that price. It's just simply
1589 |1406 |02:00:44 ~-~-> 02:00:48 |slightly above the relative equal highs. There's no other logic simply that.
1590 |1407 |02:00:48 ~-~-> 02:00:51 |Okay, so I'm not trying to complicate anything. But if you take that and you
1591 |1408 |02:00:51 ~-~-> 02:00:56 |go down to the lows that are relatively equal, not the lowest low, that's the
1592 |1409 |02:00:56 ~-~-> 02:00:59 |manipulation you want to use, the relative equal lows like that. Okay, you
1593 |1410 |02:00:59 ~-~-> 02:01:04 |see that, and then you have essentially the midpoint here in close proximity to
1594 |1411 |02:01:04 ~-~-> 02:01:13 |that. You have this fair Vega, and you have this fair Vega, and this one here
1595 |1412 |02:01:13 ~-~-> 02:01:17 |can be used even though it's a little bit above equilibrium, because we didn't
1596 |1413 |02:01:17 ~-~-> 02:01:21 |take this high and that high out, which I was outlining to you real time. We
1597 |1414 |02:01:21 ~-~-> 02:01:25 |didn't take that out yet. We didn't take out these two relative equal highs when
1598 |1415 |02:01:25 ~-~-> 02:01:29 |it was trading down to the breaker. But what happens when it trades up here and
1599 |1416 |02:01:29 ~-~-> 02:01:34 |then at real time? I said, Watch this fair value gap. Watch the stream. Go
1600 |1417 |02:01:34 ~-~-> 02:01:37 |back and watch the stream when we were trading right there. I said, What? And
1601 |1418 |02:01:37 ~-~-> 02:01:43 |here we over trading this fair value gap here, and then takes off and runs to
1602 |1419 |02:01:43 ~-~-> 02:01:49 |where we are waiting to see it delivered. The smooth areas are going to
1603 |1420 |02:01:49 ~-~-> 02:01:55 |be attacked. The sharks are going to go to the still water. That's where they're
1604 |1421 |02:01:55 ~-~-> 02:02:00 |going to go. Why? Because as soon as someone in there starts shaking in fear
1605 |1422 |02:02:00 ~-~-> 02:02:05 |that their stops going to be taken, that still water will ripple, and that
1606 |1423 |02:02:05 ~-~-> 02:02:11 |triggers a frenzy, and the sharks are going to go right there. You don't trade
1607 |1424 |02:02:11 ~-~-> 02:02:15 |into levels where the sharks have already had a frenzy, and that's down
1608 |1425 |02:02:15 ~-~-> 02:02:20 |here. Okay, they've already done the work. There's been an attack down here.
1609 |1426 |02:02:20 ~-~-> 02:02:24 |How do you know there's been the great disturbance in in what price was doing
1610 |1427 |02:02:24 ~-~-> 02:02:29 |and how it's delivered? It's jagged like shark teeth cutting through the side of
1611 |1428 |02:02:29 ~-~-> 02:02:35 |a whale's body. It's been damaged delivered. You can see it. It's
1612 |1429 |02:02:35 ~-~-> 02:02:41 |physically represented in the jaggedness of the swings going down, where we don't
1613 |1430 |02:02:41 ~-~-> 02:02:46 |see that jaggedness up here. It's nice and smooth, real, inviting. It's safe.
1614 |1431 |02:02:46 ~-~-> 02:02:50 |Put your stop loss above me like a siren calling out to the sailors, come to me.
1615 |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
1616 |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
1617 |1434 |02:03:01 ~-~-> 02:03:07 |action in here and determine what price level makes sense to you. Which one
1618 |1435 |02:03:07 ~-~-> 02:03:12 |resonates with you? Do you see the fair value gaps where I was outlining before
1619 |1436 |02:03:12 ~-~-> 02:03:18 |I did it? Did it make sense when I was drawing them out? Did you change your
1620 |1437 |02:03:18 ~-~-> 02:03:23 |expectation and get fearful that I'm wrong and it's not going to go up there,
1621 |1438 |02:03:23 ~-~-> 02:03:28 |because it that this drop here. What's occurring here? The only thing it's
1622 |1439 |02:03:28 ~-~-> 02:03:32 |doing is at 930 during the opening range, it's doing what it's creating a
1623 |1440 |02:03:32 ~-~-> 02:03:37 |Judah swing, something that's opposite to the real move. The real move was
1624 |1441 |02:03:37 ~-~-> 02:03:43 |given to you with these highs. It's going to go there at any time. Did you
1625 |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
1626 |1443 |02:03:46 ~-~-> 02:03:50 |watching. I think it was like 6000 earlier, the first time I checked the
1627 |1444 |02:03:50 ~-~-> 02:03:56 |streams continuity, but I haven't seen I don't know what the highest high was in
1628 |1445 |02:03:56 ~-~-> 02:04:00 |terms of how many people are watching. Did I sound like I was nervous? Because
1629 |1446 |02:04:00 ~-~-> 02:04:04 |I don't think I was nervous at all today, and I've been really, really
1630 |1447 |02:04:04 ~-~-> 02:04:09 |trying not to say any embellishments on the curse words and stuff. But sometimes
1631 |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
1632 |1449 |02:04:14 ~-~-> 02:04:19 |repent all the time when I do it, I always regret when it slips out. But
1633 |1450 |02:04:19 ~-~-> 02:04:24 |that's I'm real, like, I'm a real person, and I have character flaws like
1634 |1451 |02:04:24 ~-~-> 02:04:29 |anybody else, but I try very, very hard today not to use that type of language,
1635 |1452 |02:04:29 ~-~-> 02:04:34 |but depending on what subject matter I refer to, it will it'll draw it out of
1636 |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
1637 |1454 |02:04:40 ~-~-> 02:04:46 |inversion, fair value gap here, and then it sends price higher, retraces down,
1638 |1455 |02:04:46 ~-~-> 02:04:52 |and then you have your second leg redistribution, and then send it to the
1639 |1456 |02:04:53 ~-~-> 02:05:00 |smooth area that makes up this market maker buy model. I knew it. I see. Yeah,
1640 |1457 |02:05:01 ~-~-> 02:05:07 |that's how it is. So when you're looking for the bias, okay, the easiest, most
1641 |1458 |02:05:07 ~-~-> 02:05:12 |scientifically proven, nine out of 10 doctors approved. ICT has nailed it down
1642 |1459 |02:05:12 ~-~-> 02:05:18 |to a science of wherever the smooth, equal highs are or smooth relative equal
1643 |1460 |02:05:18 ~-~-> 02:05:22 |lows are at the beginning of seven o'clock to 730 or eight o'clock to 830
1644 |1461 |02:05:22 ~-~-> 02:05:28 |or nine to 930 you got three opportunities, three chances. Okay, as
1645 |1462 |02:05:28 ~-~-> 02:05:33 |each one of these time windows passes by, so at seven o'clock we formed the
1646 |1463 |02:05:33 ~-~-> 02:05:37 |relative equal highs, and then at eight to 830 we didn't go up there yet. So
1647 |1464 |02:05:37 ~-~-> 02:05:43 |that means that what nine to 930 chances are that's the run. See how that does
1648 |1465 |02:05:43 ~-~-> 02:05:48 |that. It increases the likelihood of it going there. It doesn't diminish it,
1649 |1466 |02:05:48 ~-~-> 02:05:53 |because it's building up more trust in that area, right there. So the framework
1650 |1467 |02:05:53 ~-~-> 02:05:59 |begins at seven o'clock in the morning. Start looking for relative equal highs
1651 |1468 |02:05:59 ~-~-> 02:05:59 |to form,
1652 |1469 |02:06:00 ~-~-> 02:06:09 |not before he he takeaway is not before seven o'clock. At seven o'clock, look
1653 |1470 |02:06:09 ~-~-> 02:06:14 |for them to form big, big, big, big takeaway there. Okay, if you're looking
1654 |1471 |02:06:14 ~-~-> 02:06:17 |for relative equal highs prior to seven o'clock in the morning, you may, you may
1655 |1472 |02:06:17 ~-~-> 02:06:24 |get it, but many times you're expecting the london session to be completely
1656 |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
1657 |1474 |02:06:29 ~-~-> 02:06:36 |this filter where you're not trying to demand that the run on London is removed
1658 |1475 |02:06:36 ~-~-> 02:06:41 |or or dismissed because of price overload, overlapping it and going back
1659 |1476 |02:06:41 ~-~-> 02:06:46 |over top of it, because the general consensus is we could see the higher low
1660 |1477 |02:06:46 ~-~-> 02:06:50 |that they form inland. So if it's bearish or bullish relative to a higher
1661 |1478 |02:06:50 ~-~-> 02:06:54 |Time Frame draw, which is not necessary, notice, I haven't even used that here
1662 |1479 |02:06:54 ~-~-> 02:06:59 |yet. Only thing I used was a 15 minute time frame, a five minute time frame and
1663 |1480 |02:06:59 ~-~-> 02:07:04 |a one minute time frame. And I was framing on the basis of time because I
1664 |1481 |02:07:04 ~-~-> 02:07:07 |understand my algorithm. I understand what it's going to do. I understand
1665 |1482 |02:07:07 ~-~-> 02:07:14 |exactly what these markets are going to do every single day, every single day.
1666 |1483 |02:07:14 ~-~-> 02:07:19 |It will not stop, it will not be hidden from you, but it can be disrupted by
1667 |1484 |02:07:19 ~-~-> 02:07:25 |manual intervention, and that will always cause me to lose. It will always
1668 |1485 |02:07:25 ~-~-> 02:07:31 |cause me to be incorrect, because that's something that we and noone can predict.
1669 |1486 |02:07:31 ~-~-> 02:07:36 |It's their casino if they want to come in and, you know, disrupt everything. It
1670 |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
1671 |1488 |02:07:41 ~-~-> 02:07:47 |while trading, so that's that should be the number one reason why you should
1672 |1489 |02:07:47 ~-~-> 02:07:52 |never over leverage, because that is always looming, and we're in a condition
1673 |1490 |02:07:52 ~-~-> 02:07:56 |in the marketplace right now, in geopolitical tension and turmoil that is
1674 |1491 |02:07:57 ~-~-> 02:08:03 |expected to unfold At any given time, any moment, folks, things could pop off.
1675 |1492 |02:08:04 ~-~-> 02:08:08 |And your little indicator, or your little market structure idea, whether it
1676 |1493 |02:08:08 ~-~-> 02:08:13 |be mine or somebody else's stuff, means nothing. When that happens, it literally
1677 |1494 |02:08:13 ~-~-> 02:08:18 |is cannon fodder. It's gone. You're dusted. And if you happen to be over
1678 |1495 |02:08:18 ~-~-> 02:08:25 |leveraged when it happens, you're going to eat it and sorry but it's not going
1679 |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
1680 |1497 |02:08:29 ~-~-> 02:08:32 |end you and take you out of the game entirely. And all of that is avoidable
1681 |1498 |02:08:33 ~-~-> 02:08:36 |if you don't over leverage, if you trade with one contract and you try to capture
1682 |1499 |02:08:36 ~-~-> 02:08:40 |moves like this, I promise you're going to beat the socks off of every one of
1683 |1500 |02:08:40 ~-~-> 02:08:45 |the live streamers out there and my students included all of them that are
1684 |1501 |02:08:45 ~-~-> 02:08:48 |doing well. Now they're going to start applying this and watch and see how well
1685 |1502 |02:08:48 ~-~-> 02:08:52 |they start increasing. And people that don't like me, their trades are going to
1686 |1503 |02:08:52 ~-~-> 02:08:55 |start working. And go back and look at what I'm taught you here. They're going
1687 |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
1688 |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
1689 |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
1690 |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
1691 |1508 |02:09:16 ~-~-> 02:09:21 |one or the other. And if there's two extremes above and below the range
1692 |1509 |02:09:21 ~-~-> 02:09:25 |that's relative equal high and relative equal low, then you just wait for one of
1693 |1510 |02:09:25 ~-~-> 02:09:29 |them to be disrupted. And just sometimes you'll miss a move. Sometimes it'll do
1694 |1511 |02:09:29 ~-~-> 02:09:34 |it, and then you won't get a trade. Who cares? Who cares? When you back test
1695 |1512 |02:09:34 ~-~-> 02:09:39 |this, you're going to see like, what am I worried about? Man, like this is so
1696 |1513 |02:09:39 ~-~-> 02:09:44 |many times offered to me every single week, right? That's the mindset you need
1697 |1514 |02:09:44 ~-~-> 02:09:48 |to come away with. Not I gotta trade every single day when it's so obvious,
1698 |1515 |02:09:48 ~-~-> 02:09:54 |when it's so obvious, that's the ones you want to trade on, because retail is
1699 |1516 |02:09:54 ~-~-> 02:09:57 |going to have every hope and prayer hanging on those relative equal highs,
1700 |1517 |02:09:57 ~-~-> 02:10:02 |thinking it's resistance, and they're going. To eat them. They're going to
1701 |1518 |02:10:02 ~-~-> 02:10:08 |devour them and grind their bones to powder. And you can have a moral dilemma
1702 |1519 |02:10:08 ~-~-> 02:10:12 |and have some convictions about that being well, I can't do that to somebody
1703 |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
1704 |1521 |02:10:17 ~-~-> 02:10:23 |an account, and if they make the wrong move, don't interrupt them. That's how
1705 |1522 |02:10:23 ~-~-> 02:10:29 |you eat. That's how you eat here. And if you have a problem with that, then
1706 |1523 |02:10:30 ~-~-> 02:10:35 |trading is not for you, and there's nothing wrong with that either. But
1707 |1524 |02:10:36 ~-~-> 02:10:40 |hopefully you you see that when we're doing this, we're not trying to be
1708 |1525 |02:10:40 ~-~-> 02:10:45 |smart. We're not trying to be more popular than somebody else. We're not
1709 |1526 |02:10:45 ~-~-> 02:10:49 |trying to get more attention and more viewership or more followers. We're in
1710 |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,
1711 |1528 |02:10:55 ~-~-> 02:11:00 |and some of you will supercharge that and become pillars in the community and
1712 |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
1713 |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.
1714 |1531 |02:11:12 ~-~-> 02:11:16 |I've been trying to cultivate that since they were little. But they're they're
1715 |1532 |02:11:16 ~-~-> 02:11:21 |individual personalities, and you know how it is you don't want to listen to
1716 |1533 |02:11:21 ~-~-> 02:11:26 |your parents. And even if your dad Can Do It and Prove it over and over and
1717 |1534 |02:11:26 ~-~-> 02:11:29 |over and over and over again, sometimes still isn't enough as a motivation you
1718 |1535 |02:11:29 ~-~-> 02:11:33 |do because you have to want to do it. And guess what makes that happen when
1719 |1536 |02:11:33 ~-~-> 02:11:39 |you make them work menial jobs and they hate it? What's the alternative college
1720 |1537 |02:11:39 ~-~-> 02:11:47 |that's out of the question? So do what works, do what works, and can be proven
1721 |1538 |02:11:47 ~-~-> 02:11:53 |I could do this in front of the Supreme Court right, just like I did today. I
1722 |1539 |02:11:53 ~-~-> 02:11:58 |ain't afraid of it. I'm not afraid of this. And when you get that confidence,
1723 |1540 |02:11:58 ~-~-> 02:12:02 |it's not arrogance. But when somebody doesn't know how to do something and
1724 |1541 |02:12:02 ~-~-> 02:12:05 |they fail miserably, when they hear somebody talk like that, and when they
1725 |1542 |02:12:05 ~-~-> 02:12:11 |see somebody display it, it's so uncomfortable, it's unbearable for them.
1726 |1543 |02:12:12 ~-~-> 02:12:19 |So now you are a narcissistic jerk, you're arrogant, you're conceited. Okay,
1727 |1544 |02:12:19 ~-~-> 02:12:24 |is that going to make me lose money on the next trade? No, is that going to
1728 |1545 |02:12:24 ~-~-> 02:12:29 |make me forget to the logic that is being being employed here? No, I'm not
1729 |1546 |02:12:29 ~-~-> 02:12:35 |here for friends. I'm not here for friends. Neither should you be. I'm
1730 |1547 |02:12:35 ~-~-> 02:12:40 |warming up to these candlesticks when it's appropriate, but when the date is
1731 |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
1732 |1549 |02:12:45 ~-~-> 02:12:56 |is. It's a momentary engagement, and I'm leaving before any kids are made. Simple
1733 |1550 |02:12:56 ~-~-> 02:13:00 |as that. I'm staying protected. I'm wrapping up. I got a stop loss. I know
1734 |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
1735 |1552 |02:13:04 ~-~-> 02:13:09 |getting out of there before it does any damage. And that's me thinking like a
1736 |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
1737 |1554 |02:13:15 ~-~-> 02:13:21 |it when with the lady side. But hopefully you've learned something
1738 |1555 |02:13:21 ~-~-> 02:13:25 |today. I'm going to close this one. I want to invite you all tomorrow to the
1739 |1556 |02:13:25 ~-~-> 02:13:29 |comeback. If you found this insightful, it'll be a little bit more technical
1740 |1557 |02:13:29 ~-~-> 02:13:33 |tomorrow. Today was more or less the mindset, how to relax when you're
1741 |1558 |02:13:33 ~-~-> 02:13:37 |watching the charts and what to look for. So that way you're not holding so
1742 |1559 |02:13:37 ~-~-> 02:13:43 |much expectation of yourself, and then you can enjoy, enjoy studying it,
1743 |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
1744 |1561 |02:13:46 ~-~-> 02:13:52 |you're not really seeing any kind of fun characteristics in it, it's going to be
1745 |1562 |02:13:52 ~-~-> 02:13:56 |very hard to stick with it. So I tried to cultivate that today. If I was
1746 |1563 |02:13:56 ~-~-> 02:14:00 |successful, you can obviously show me by giving a thumbs up. I promise you, I
1747 |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
1748 |1565 |02:14:04 ~-~-> 02:14:07 |when you put the thumbs down either. It doesn't change anything, but it's just a
1749 |1566 |02:14:07 ~-~-> 02:14:12 |way for you to give me feedback that you found something in this today that made
1750 |1567 |02:14:12 ~-~-> 02:14:17 |sense for you, that you are inspired to go into your charts, and you had fun
1751 |1568 |02:14:17 ~-~-> 02:14:20 |while you were learning it. So this is going to be the end of lecture number
1752 |1569 |02:14:20 ~-~-> 02:14:25 |one, dealing with the foundations of determining a bias. It's very, very
1753 |1570 |02:14:25 ~-~-> 02:14:29 |simple. It doesn't, doesn't require a whole lot of complicated things. It's
1754 |1571 |02:14:29 ~-~-> 02:14:34 |very time specific. Without the time elements, none of it matters. And it's
1755 |1572 |02:14:34 ~-~-> 02:14:37 |very, very rule based. That doesn't require a whole lot of moving parts.
1756 |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
1757 |1574 |02:14:40 ~-~-> 02:14:44 |very, very simple logic, folks, not complicated at all, and I'll talk to you
1758 |1575 |02:14:44 ~-~-> 02:14:46 |tomorrow. Lord willing be safe. You.