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Last modified by Drunk Monkey on 2024-08-07 10:36
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4
5 == Outline ==
6
7 ##02:53 -## Audio volume issues during live stream.
8
9 - The speaker is frustrated with comments about the audio volume, insisting they have good equipment and are using it properly.
10 - The speaker blocks text messages from unknown senders due to privacy concerns, mentioning their phone number and address are publicly available.
11
12 ##05:25 -## Market analysis and trading strategies.
13
14 - ICT explains the importance of journaling and logging for traders.
15 - The speaker discussed their preference for pre-recorded lectures over live streaming due to their perfectionism and human frailties.
16 - The speaker introduced new concepts and visual aids to help viewers understand market behavior and observe charts without forcing predictions.
17
18 ##09:21 -## Technical analysis and trading with a mentorship approach.
19
20 - Caleb wants to see a swing low followed by a long trade, with a reminder to check audio quality.
21 - The speaker is teaching their son how to trade and wants to show proper technique.
22 - The speaker emphasizes the importance of being present in the market and having a job.
23
24 ##13:03 -## Trading strategies and journaling for personal growth.
25
26 - ICT explains the price continuum theory, using 15-minute time frames for intraday trading.
27 - New Zealand lawmakers passed a law allowing arrest for not receiving the arm ticket from Mr. 19.
28 - ICT emphasizes the importance of slowing down in the initial stages of trading to avoid making mistakes.
29 - ICT encourages traders to bring their own personality to the learning process to achieve success.
30 - The speaker emphasizes the importance of journaling and logging market observations and decisions made, even on non-trading days.
31 - The speaker encourages self-reflection and identifying opportunities for improvement through journaling, rather than dwelling on past mistakes.
32
33 ##20:10 -## Journaling for self-improvement, avoiding toxic opinions.
34
35 - ICT advises filtering out toxic opinions and journaling for self-improvement.
36 - ICT emphasizes the importance of maintaining a positive mindset in journaling.
37
38 ##23:51 -## Importance of journaling and self-reflection in personal growth and mentorship.
39
40 - ICT advises against engaging with toxic people or those who try to flatter (ICT, 0:23:51)
41 - ICT emphasizes the importance of balance in self-coaching and encouragement (ICT, 0:23:51)
42 - The speaker emphasizes the importance of personal contribution in the initial stages of a mentorship experience.
43 - The speaker wants to see if the person can stick to a process of studying charts and journaling their findings.
44
45 ##27:47 -## Trading with precision and flexibility.
46
47 - ICT emphasizes the importance of understanding price action and overcoming fear of missing moves.
48 - ICT clarifies confusion around references to time, stating that he meant to look for directional moves before 7am, not avoid looking before that time.
49 - The speaker advises against relying solely on a smartphone for trading, suggesting a laptop with at least 15 inches of surface space is necessary for proper analysis.
50 - The speaker will demonstrate how to integrate a trading view subscription into a 15-minute time frame chart, showing how to study price movements and identify patterns.
51 - ICT emphasizes the importance of precision in trading, but acknowledges that it's unrealistic to demand perfection.
52 - ICT encourages traders to be flexible and adaptable, rather than getting upset when things don't go as planned.
53
54 ##35:25 -## Using 15-second charts for trading, with emphasis on reducing risk and increasing opportunities.
55
56 - Trader emphasizes importance of focusing on one time frame, the 15-second chart.
57 - The speaker emphasizes the importance of taking action and reducing risk in trading, particularly with the 15-second time frame.
58 - The speaker's use of the 15-second time frame has led to responses from some listeners, including those who feel they have been given a "shortcut" or "golden ticket."
59
60 ##39:15 -## Using TradingView for market analysis and avoiding fake brokers.
61
62 - ICT explains why son doesn't have live data, despite watching delayed videos.
63 - ICT rejects affiliation with brokers, emphasizes honesty and integrity in trading.
64
65 ##43:10 -## Trading view charting and real-time data for a unique learning experience.
66
67 - Caleb learns trading through real-time data analysis with his father, who provides insights and executes trades live on the chart.
68 - Caleb gains unique perspective by seeing his father's real-time data analysis and trade execution, with the ability to stalk the chart and learn from his father's decisions.
69 - The speaker has faced challenges in the past and has learned to anticipate market movements through real-time data and charting.
70 - The speaker's student, Caleb, will not spend money on trading view charting or real-time data until the third Friday of November.
71
72 ##48:17 -## Trading London session and New York session, focusing on relative equal highs and lows.
73
74 - ICT explains that prior to 7am New York time, London session price data and profile should be observed, not market profile making higher low of the day.
75 - Confusion about start time is clarified, with ICT emphasizing 7am New York time as the earliest reference point for price observation.
76 - ICT teaches day of week and time of day London session trading.
77 - ICT focuses on New York session market reversal profiles.
78 - ICT explains that before 7am New York time, traders should focus on relative equal highs and lows, not actual highs and lows.
79 - ICT uses the 5-minute chart to identify potential relative equal lows, making mental notes for future trading decisions.
80
81 ##55:27 -## Patience and dedication in trading, with emphasis on repetition and experience.
82
83 - The speaker emphasizes the importance of patience and repetition in trading, as it takes time and effort to develop skills and gain experience.
84 - The speaker encourages listeners to submit themselves to the process of learning and improving, rather than rushing to be significant with no talent or understanding.
85
86 ##58:13 -## Identifying price action and liquidity in the forex market using the 15-minute, 5-minute, and 1
87
88 - Observe liquidity engagement on charts to identify potential relative equal lows.
89 - ICT identifies relative equal highs and lows on 15-5-1 min charts to encapsulate price action.
90 - Retail traders look for support and resistance, while ICT seeks liquidity and inefficiencies.
91
92 ##01:03:20 -## Identifying fair value gaps and using them for trading.
93
94 - ICT explains the concept of fair value gaps and how they can be used to identify potential trading opportunities.
95 - ICT highlights several inefficiencies in the market, including small gaps and imbalances, and shows how to use these to enter trades with minimal risk.
96 - The speaker emphasizes the importance of fair value gaps in analyzing price action, as they can be used to identify potential areas of support or resistance.
97 - The speaker introduces a new concept related to fair value gaps, which involves incorporating volume imbalances into the analysis to improve precision.
98 - The speaker discusses the importance of identifying fair value gaps in candlestick patterns, which can indicate potential price movements.
99 - The speaker demonstrates how to identify fair value gaps by analyzing the volume imbalance in a candle, and how to ignore any wicks that are below the halfway point of the candle.
100
101 ##01:10:48 -## Technical analysis and chart patterns.
102
103 - Trader explains market manipulation through algorithm-induced buying pressure.
104 - ICT explains inversion fair value gaps in his book, emphasizing their importance in identifying potential turning points.
105
106 ##01:14:42 -## Trading with breaker inversion fair value gaps.
107
108 - Inversion, fair value gaps, and breaker trading strategies discussed.
109 - ICT identifies reversal patterns in fair value gaps.
110
111 ##01:18:45 -## Trading strategies using chart analysis.
112
113 - ICT emphasizes importance of relative equal highs and lows in trading.
114 - Trader identifies optimal trade entry point based on inversion and fair value gap.
115
116 ##01:22:00 -## Identifying and trading fair value gaps in price action.
117
118 - ICT identifies areas of price action where stops can be placed and reversals can occur.
119 - ICT uses inefficiencies in price action to identify support and resistance levels.
120 - ICT identifies efficient price action by focusing on fair value gaps and sell side imbalances.
121 - By analyzing these signs, traders can remove ambiguity and focus on specific trades with high probability of success.
122 - ICT explains the importance of experience in trading, emphasizing the need for hands-on practice and hindsight.
123 - ICT highlights the significance of the first fair value gap prior to a stop run, using a red or pink color code to distinguish it from other gaps.
124
125 ##01:29:52 -## Identifying trading opportunities through analysis of sell side imbalances and buy side efficiencies.
126
127 - ICT discusses stop management and identifies potential entry points based on sell side imbalances and buy side efficiencies.
128 - ICT analyzes price action, identifying potential reversals and trading opportunities.
129
130 ##01:33:24 -## Analyzing stock market trends and identifying potential price movements based on pre-market range.
131
132 - ICT explains Judah swing, manipulation of price action against expected direction.
133 - ICT explains how to anticipate price movements by analyzing pre-market range.
134
135 ##01:36:46 -## Trading strategies and market structure analysis.
136
137 - ICT explains the optimal trade entry pattern, using a 60-72% retracement level and 70.5 level.
138 - ICT emphasizes the importance of waiting for relative equal highs or lows during the morning session.
139 - The speaker discusses the importance of anticipating manipulation in the market, using the example of a gap and a city.
140 - The speaker highlights the role of bodies in the market, including the use of stops and the creation of inefficiencies.
141 - ICT emphasizes the importance of relative equal highs and lows in trading.
142
143 ##01:43:44 -## Technical analysis and trading strategies.
144
145 - ICT wants to see market action align with fair value gaps, with a focus on London session low or high.
146 - ICT warns of low-probability trade setup due to overlapping patterns.
147
148 ##01:47:07 -## Annotating charts and retaining memories.
149
150 - I annotate charts to retain significant price action memories subconsciously.
151
152 ##01:49:29 -## Using technical analysis to manage emotions and make informed trading decisions.
153
154 - ICT emphasizes logging useful information to manage regret and fear.
155 - The speaker emphasizes the importance of managing emotions and expectations in trading, using a journal and role-based ideas to develop skill sets.
156 - The speaker identifies specific times of day (7-9 am) and price levels (highs/lows) to watch for potential manipulation, with a focus on waiting for a breakdown before entering a trade.
157
158 ##01:53:18 -## Using Fibonacci levels to identify potential price movements.
159
160 - Analyzes price swings after the fact to teach range finding.
161 - Ict uses a model to identify convergence of levels in agreement with old highs or lows.
162 - Eye is drawn to sell side and balance by side efficiencies, including down, close, big range candles.
163 - The speaker emphasizes the importance of sticking with a trading idea and process, even when faced with opposition or uncertainty.
164 - The speaker warns against entering trades too quickly or without proper setup, leading to potential losses and emotional distress.
165
166 ##02:00:39 -## Identifying trading opportunities using technical analysis and entry models.
167
168 - ICT explains how to identify potential entry points in the market by analyzing price action and identifying patterns such as breakers and inversion fair value gaps.
169 - ICT emphasizes the importance of studying price action in hindsight to develop an entry model that resonates with your observations.
170
171 ##02:03:49 -## Trading psychology and self-awareness.
172
173 - Trader seeks to manage risk and find contentment in trading with minimal activity.
174 - The speaker emphasizes the importance of filtering out negativity and managing exuberance to avoid failure.
175 - The speaker advises against becoming emotionally stimulated by one's own abilities, and instead focuses on keeping a positive mindset.
176
177 ##02:07:44 -## Trading and investing with a focus on simplicity and understanding market odds.
178
179 - ICT emphasizes the importance of a business-like approach to trading, prioritizing routine and monotony over emotions and excitement.
180 - ICT warns against seeking advice from unproven and unreliable sources, as they may try to use others for their own significance.
181 - The speaker emphasizes the importance of understanding the logic behind trading decisions and trusting one's own experience over proprietary algorithms.
182 - The speaker advises against blindly following any trading strategy without proper understanding and risk management, even if it seems simple or obvious.
183
184 ##02:13:50 -## Using social media sentiment for trading, with a focus on opposing opinions and their impact on decision-making.
185
186 - ICT uses social media as a sentiment gauge for trading ideas and validates them by observing the reactions of his followers.
187 - ICT shares his trading ideas publicly and observes how the market reacts, using the reactions to confirm or disprove his ideas.
188 - ICT prioritizes accuracy over speed, valuing honesty and transparency in trading.
189
190 ##02:17:39 -## Trading and emotional control.
191
192 - The speaker emphasizes the importance of saving and consistently doubling income before quitting a job.
193 - The speaker warns against trying to quit a job without sufficient savings and trading proficiency.
194 - ICT warns of emotional manipulation in trading, risking physical and mental health.
195
196 ##02:22:01 -## Trading mindset and strategies for success.
197
198 - ICT emphasizes the importance of managing trades soberly and avoiding unfulfilled delivery of price.
199 - Trader prioritizes consistency and self-awareness over aggressive trading.
200
201 ##02:26:01 -## Technical analysis and trading strategies using candlestick charts.
202
203 - ICT discusses technical analysis techniques for identifying trade opportunities.
204 - The mentor emphasizes the importance of real-time chart analysis and forward testing for consistent profitability in trading.
205 - By studying repeating price patterns at specific times of the day, traders can set realistic expectations and improve their chances of success.
206
207 ##02:31:08 -## Trading, humility, and contentment.
208
209 - ICT warns against young men's desire for validation through risky trades.
210 - The speaker advises against comparing oneself to others in the industry, instead focusing on personal growth and contentment.
211 - The speaker encourages the listener to prioritize their own journey and not worry about being faster or better than others.
212
213 ##02:35:27 -## Trading strategies and analysis of a price run.
214
215 - ICT highlights a price run on the 5-minute chart, annotating key levels and a potential immediate rebalance.
216 - ICT emphasizes the importance of identifying disruptions and trading accordingly, avoiding afternoon trading.
217
218 ##02:38:11 -## Trading strategies using price delivery continuum theory.
219
220 - The speaker discusses the price delivery continuum theory, which provides a continuous opportunity for traders to participate in the market.
221 - The speaker emphasizes the importance of being consistent with small trades in the beginning to build the mindset and skill set for trading.
222 - Algorithm identifies key price points to rebalance inefficient markets.
223
224 ##02:43:48 -## Algorithmic trading and market dynamics.
225
226 - ICT explains how algorithmic trading works, using examples from the audio.
227 - The algorithm constantly offers higher prices, regardless of buying or selling pressure.
228
229 ##02:47:15 -## Trading inefficiencies and potential buying opportunities in a stock.
230
231 - ICT identifies a price drop opportunity despite limited move due to time and price inefficiency.
232
233 ##02:49:14 -## Using 15-second charts for trading and identifying high-probability setups.
234
235 - The speaker emphasizes the importance of aligning with the market's movements and avoiding emotional trading decisions.
236 - The speaker believes that live streamers on YouTube often miss out on significant price movements due to their limited perspective and emotional decision-making.
237 - ICT explains how to use 15-second charts for trading, highlighting the importance of reference points and algorithmic trading.
238 - ICT challenges the idea that retail traders can outsmart algorithms by buying and selling at specific price levels, arguing that the market is scripted based on time.
239 - Caleb explains how to identify high probability setups using chart analysis.
240 - Caleb expresses frustration with low engagement and considers taking tomorrow off.
241
242 == Transcription ==
243
244 (% class="hover min" %)
245 |1 |00:02:53,200 ~-~-> 00:02:56,740 |Well, good morning. This is an audio check
246 |2 |00:03:01,780 ~-~-> 00:03:10,320 |now, before we get into this, my comment section and my text messages on my cell
247 |3 |00:03:10,320 ~-~-> 00:03:17,580 |phone and email box and every form of communication that anyone could get to
248 |4 |00:03:17,580 ~-~-> 00:03:22,100 |me, everyone was trying to let me know that the volume was too low yesterday,
249 |5 |00:03:23,420 ~-~-> 00:03:30,200 |and I'm doing the same thing I did yesterday. Okay, I noticed that some of
250 |6 |00:03:30,200 ~-~-> 00:03:34,880 |the individuals that left comments saying that the audio was too low or
251 |7 |00:03:34,880 ~-~-> 00:03:39,260 |that I was using a cheap microphone or whatever. I actually have good equipment
252 |8 |00:03:39,860 ~-~-> 00:03:47,380 |to sometimes YouTube just doesn't want to communicate the way a streamer would
253 |9 |00:03:47,380 ~-~-> 00:03:52,180 |like them to do. And I'm not doing anything different today. Um, I went
254 |10 |00:03:52,180 ~-~-> 00:03:56,260 |through the process of checking everything I have the microphone
255 |11 |00:03:56,320 ~-~-> 00:04:01,800 |literally almost clipping. There's a little gage that shows how, how high the
256 |12 |00:04:01,800 ~-~-> 00:04:08,760 |audio goes up as I speak and I'm and I'm at the last little line before it goes
257 |13 |00:04:08,760 ~-~-> 00:04:12,540 |into the orange, and then it's in red, and then it starts clipping. Then it's
258 |14 |00:04:12,540 ~-~-> 00:04:19,800 |really bad audio. So the compression and all of the things that YouTube does on
259 |15 |00:04:19,800 ~-~-> 00:04:25,760 |its servers sometimes corrects any issues through the capture of live
260 |16 |00:04:25,760 ~-~-> 00:04:31,160 |streaming. I've actually had this happen in some of the, you know, the not live
261 |17 |00:04:31,160 ~-~-> 00:04:35,060 |session, but lectures and videos I've made in the past where the audio, even
262 |18 |00:04:35,060 ~-~-> 00:04:41,500 |on my side, when I would listen to it, would sound different than my original
263 |19 |00:04:41,500 ~-~-> 00:04:47,620 |capture that's on my system. So I'm not doing anything to try to make it harder
264 |20 |00:04:47,620 ~-~-> 00:04:52,720 |for you to listen to me. I'm not using substandard equipment. I have a pretty
265 |21 |00:04:52,720 ~-~-> 00:04:57,880 |good amount of money in stuff I'm using, and I don't know what else to do. So my
266 |22 |00:04:57,880 ~-~-> 00:05:02,640 |volume's exactly what it's. Supposed to be. My microphone is working properly,
267 |23 |00:05:03,000 ~-~-> 00:05:07,080 |and I don't know what else to tell you. Okay, so if you're sending me text
268 |24 |00:05:07,080 ~-~-> 00:05:11,040 |messages, by the way, I don't ever really get to see them until later on.
269 |25 |00:05:11,640 ~-~-> 00:05:16,800 |And generally, I block your phone number because you took it upon yourself to
270 |26 |00:05:17,460 ~-~-> 00:05:22,460 |step into my private area of my life, and I know my phone number and my
271 |27 |00:05:22,460 ~-~-> 00:05:26,900 |address and all those things are on the internet. I'm not inviting you to send
272 |28 |00:05:26,900 ~-~-> 00:05:31,340 |me text messages. So you can send me something one time, but I'll never see
273 |29 |00:05:31,340 ~-~-> 00:05:34,940 |it again because you've crossed that line. It's kind of like the people that
274 |30 |00:05:34,940 ~-~-> 00:05:38,060 |come to my door knock on my door, I'd like to meet you and talk to you. ICT,
275 |31 |00:05:38,060 ~-~-> 00:05:41,060 |please don't do that. I'm not going to go out there and talk to you. I'm not
276 |32 |00:05:41,060 ~-~-> 00:05:44,740 |going to shake your hand. I'm not going to shake your hand off. I'm not going to
277 |33 |00:05:44,740 ~-~-> 00:05:48,100 |do a selfie with you. I'm not that important. So anyway, today it's going
278 |34 |00:05:48,160 ~-~-> 00:05:52,000 |to be a little bit more technical, but I promise it won't be too much and it
279 |35 |00:05:52,000 ~-~-> 00:05:57,580 |won't be a long session. Okay, I have an eye appointment tomorrow, just so you
280 |36 |00:05:57,580 ~-~-> 00:06:03,000 |guys know, for scheduling purposes, we will be doing an afternoon lecture, so
281 |37 |00:06:03,000 ~-~-> 00:06:08,400 |we'll be doing a pm session and some role based ideas for you to look at the
282 |38 |00:06:08,400 ~-~-> 00:06:14,160 |market during that time. Caleb and so I won't be here tomorrow morning session,
283 |39 |00:06:14,220 ~-~-> 00:06:19,080 |but we'll start the stream at 1:30pm eastern time tomorrow. So Wednesday
284 |40 |00:06:19,080 ~-~-> 00:06:23,480 |session will be an afternoon session, and then Thursday, we'll be back to a
285 |41 |00:06:23,480 ~-~-> 00:06:29,600 |morning session, and Friday will be a morning session as well. Okay, so one of
286 |42 |00:06:29,600 ~-~-> 00:06:33,980 |the things I want you to understand, Caleb, is you when you're doing your
287 |43 |00:06:33,980 ~-~-> 00:06:37,520 |journaling and your logging, which is what you're going to be primarily doing
288 |44 |00:06:37,520 ~-~-> 00:06:42,880 |for the full month of August, okay, you're not trying to push any buttons,
289 |45 |00:06:42,880 ~-~-> 00:06:48,100 |you're not trying to demo trade. You're not trying to do anything specific about
290 |46 |00:06:48,100 ~-~-> 00:06:52,120 |entering the market, but you're just collecting data, collecting information,
291 |47 |00:06:52,660 ~-~-> 00:06:57,520 |and you're being organized. So that way, it's training and activating your
292 |48 |00:06:57,520 ~-~-> 00:07:01,740 |reticular activating system. Okay, that means the when you see a car that you
293 |49 |00:07:01,740 ~-~-> 00:07:06,060 |just bought, it seems like everybody else bought the same car. It's only
294 |50 |00:07:06,060 ~-~-> 00:07:10,200 |because it's now meaningful to you. So the things I introduced yesterday, I
295 |51 |00:07:10,500 ~-~-> 00:07:15,480 |kind of like want to give you the rule based idea on what it is, very specific,
296 |52 |00:07:15,780 ~-~-> 00:07:19,080 |and I have to clarify a few things, because it was live stream yesterday,
297 |53 |00:07:19,740 ~-~-> 00:07:24,920 |and I said a couple things incorrectly after listening to the playback. And a
298 |54 |00:07:24,920 ~-~-> 00:07:28,640 |couple of you actually reached out to me an email and questioned them, questioned
299 |55 |00:07:28,640 ~-~-> 00:07:33,260 |me about what I meant, about certain areas of my dialog, and I realized I
300 |56 |00:07:33,260 ~-~-> 00:07:36,680 |didn't say something correctly. And for instance, it was me referring to the
301 |57 |00:07:36,680 ~-~-> 00:07:41,080 |second stage of re accumulation. I called it miss. Called it second stage
302 |58 |00:07:41,200 ~-~-> 00:07:44,800 |redistribution. Oh, that's where market makers sell out. But because I'm out
303 |59 |00:07:44,800 ~-~-> 00:07:48,640 |here without a script, I'm not following cue cards, I'm not reading teleprompter,
304 |60 |00:07:49,240 ~-~-> 00:07:56,560 |I'm just going on my own steam and just what I see at the time. So I'm going to
305 |61 |00:07:56,560 ~-~-> 00:08:01,560 |invariably make a mistake of MIS calling something. It's not intentional. It's
306 |62 |00:08:01,560 ~-~-> 00:08:06,420 |not to confuse or anything. But I'm human, so I'm not AI like some of you
307 |63 |00:08:06,420 ~-~-> 00:08:11,460 |actually think I am. I have frailties and thoughts just like any one of you.
308 |64 |00:08:11,460 ~-~-> 00:08:16,140 |So if I'm out here in front of the world, doing it live, I'm going to make
309 |65 |00:08:16,140 ~-~-> 00:08:21,380 |a mistake, say something incorrectly. I'm going to, you know, have no way of
310 |66 |00:08:21,380 ~-~-> 00:08:27,020 |editing that out and make it more palatable for a first time viewer to
311 |67 |00:08:27,020 ~-~-> 00:08:29,900 |listen to it and not have any distractions by something I did as a
312 |68 |00:08:29,900 ~-~-> 00:08:34,880 |human being, and that's why I prefer to always to do pre recorded lectures,
313 |69 |00:08:34,880 ~-~-> 00:08:40,840 |because my obsessive compulsiveness wouldn't let me do the live streaming,
314 |70 |00:08:42,340 ~-~-> 00:08:45,940 |but I've spent a lot of time in the last year or so, just getting over a lot of
315 |71 |00:08:45,940 ~-~-> 00:08:50,140 |that stuff. And I'm in my 50s, so I'm trying to take things a little bit
316 |72 |00:08:51,520 ~-~-> 00:08:57,520 |easier. I make things too personal when it don't need to be. So anyway, I
317 |73 |00:08:57,520 ~-~-> 00:09:01,680 |introduced some things yesterday, visually. I talked about what the market
318 |74 |00:09:01,680 ~-~-> 00:09:05,400 |was going to do, why it should behave a specific way, and how you should be
319 |75 |00:09:05,400 ~-~-> 00:09:12,180 |comfortable sitting in front of the charts and observing and getting used to
320 |76 |00:09:12,180 ~-~-> 00:09:16,200 |doing that initially and not trying to force yourself into trying to pick a
321 |77 |00:09:16,200 ~-~-> 00:09:20,280 |direction so you can impress dad, not try to tell me what you think is going
322 |78 |00:09:20,280 ~-~-> 00:09:25,460 |to happen beforehand. That way you can tell that, hey, I did that right. Remove
323 |79 |00:09:25,460 ~-~-> 00:09:28,880 |the right and wrong right now, just get that out of your head. You've already
324 |80 |00:09:28,880 ~-~-> 00:09:32,780 |sent me text messages. Tell me what you think's going to happen. Okay, now for
325 |81 |00:09:32,780 ~-~-> 00:09:37,760 |the purposes, for everyone here to know what he sent me, I'm not going to show
326 |82 |00:09:37,760 ~-~-> 00:09:43,660 |you the screen, but I'm going to read, I didn't actually read it word by word,
327 |83 |00:09:43,660 ~-~-> 00:09:50,200 |but I want you to see what Caleb's expectations were are for today, and
328 |84 |00:09:50,200 ~-~-> 00:09:57,640 |this is without any prodding or coaxing on my part. At 7:33am he sends me a
329 |85 |00:09:57,640 ~-~-> 00:10:02,460 |chart that I really don't understand with. Showing me. So that's the point of
330 |86 |00:10:02,460 ~-~-> 00:10:07,140 |today's lesson. I want your charts to be organized. I want it to be very specific
331 |87 |00:10:07,140 ~-~-> 00:10:13,380 |in capturing what I want to see so that way we can measure your progress going
332 |88 |00:10:13,380 ~-~-> 00:10:18,960 |forward, and that way your your charts will look uniform every day, and then at
333 |89 |00:10:18,960 ~-~-> 00:10:23,840 |the end of the week, you know, we'll sit down with a weekly recap, and that'll be
334 |90 |00:10:23,840 ~-~-> 00:10:29,360 |your first video. Everybody's asking for your YouTube channel right now. There's
335 |91 |00:10:29,360 ~-~-> 00:10:34,880 |nothing on it yet. Okay, so hopefully this weekend, we'll have something where
336 |92 |00:10:34,880 ~-~-> 00:10:39,200 |we sit down together, maybe a resume call, and we'll review what you've done
337 |93 |00:10:39,620 ~-~-> 00:10:44,200 |and how to go into next week as well. So it's kind of like over the shoulder
338 |94 |00:10:44,200 ~-~-> 00:10:50,320 |approach to ICT grooming and teaching his son, mentoring him, and that way you
339 |95 |00:10:50,320 ~-~-> 00:10:56,920 |get to be a part of that experience. So but he says at 734 he says he wants to
340 |96 |00:10:56,920 ~-~-> 00:11:01,740 |see it, take the swing low, then go long, take out the relative equal highs.
341 |97 |00:11:01,740 ~-~-> 00:11:08,040 |And then reminds me, don't forget to do an audio check. Listen the audio is
342 |98 |00:11:08,040 ~-~-> 00:11:11,460 |going to be what the audio is going to be. Okay? So don't send me any messages,
343 |99 |00:11:14,880 ~-~-> 00:11:18,240 |and for the assets to send it really rudely in the comment section, I never
344 |100 |00:11:18,240 ~-~-> 00:11:21,680 |will see a comment from you ever again. So I make you invisible to the channel,
345 |101 |00:11:21,980 ~-~-> 00:11:25,040 |so you think you're leaving messages and posts on my channel, but I'm never
346 |102 |00:11:25,040 ~-~-> 00:11:29,300 |seeing that again. So if you're rude, I got no time for you. So anyway, Caleb
347 |103 |00:11:29,300 ~-~-> 00:11:35,900 |thinks that there's going to be a rally higher today, and that's not to say
348 |104 |00:11:35,960 ~-~-> 00:11:39,440 |that's right or wrong, because I purposely have to cut myself away from
349 |105 |00:11:39,440 ~-~-> 00:11:43,060 |looking at the charts. So I'm sitting down with you right now, with the
350 |106 |00:11:43,060 ~-~-> 00:11:47,560 |exception of this loading trading view and opening up the quadrants that are on
351 |107 |00:11:47,680 ~-~-> 00:11:52,000 |the screen. Now the four charts, there's should be a chart in the upper left hand
352 |108 |00:11:52,000 ~-~-> 00:11:59,380 |corner, right up here. That's my 15 minute time frame chart. Every chart
353 |109 |00:11:59,380 ~-~-> 00:12:02,640 |here is naked. That means I have absolutely zero annotations on them, and
354 |110 |00:12:02,640 ~-~-> 00:12:06,060 |this is what it's going to be like for you if you have a job, or if you're in
355 |111 |00:12:06,060 ~-~-> 00:12:10,980 |university, or if you're sleeping and you're coming back to the marketplace to
356 |112 |00:12:10,980 ~-~-> 00:12:16,140 |kind of learn what has happened, to train your eye. Okay,
357 |113 |00:12:17,640 ~-~-> 00:12:20,840 |for the folks that are here that are just chomping at the bit, to watch me
358 |114 |00:12:20,840 ~-~-> 00:12:25,940 |push buttons and enter trades. That's not today. The reason why is because I'm
359 |115 |00:12:25,940 ~-~-> 00:12:29,840 |teaching my son on how to start, and anybody else wants to listen, this is
360 |116 |00:12:29,840 ~-~-> 00:12:33,200 |the proper way of doing it. I've already proved yesterday I can call it minute by
361 |117 |00:12:33,200 ~-~-> 00:12:36,080 |minute and tell you where it's going to go. If you didn't see that, go back and
362 |118 |00:12:36,080 ~-~-> 00:12:39,680 |listen to it again. But we're going to go back into yesterday's price action
363 |119 |00:12:40,160 ~-~-> 00:12:44,860 |and show how if you can't be there live, okay, say you can't watch me live
364 |120 |00:12:44,860 ~-~-> 00:12:47,800 |either, because your boss is over your shoulder, constantly hovering over top
365 |121 |00:12:47,800 ~-~-> 00:12:51,040 |of you, and you just don't want to risk losing your job. Please, don't do that.
366 |122 |00:12:51,340 ~-~-> 00:12:54,820 |Don't lose your job, because you need that right now, until you get to the
367 |123 |00:12:54,820 ~-~-> 00:12:59,140 |point where you can replace it with your investments and then eventually double
368 |124 |00:12:59,140 ~-~-> 00:13:02,460 |it, and then have two years of living salary, and then you can quit your job.
369 |125 |00:13:03,000 ~-~-> 00:13:09,360 |But until then, don't, we can't talk about quitting jobs. So the upper left
370 |126 |00:13:09,360 ~-~-> 00:13:14,400 |hand corner is my 15 minute time frame. The lower left hand corner is a five
371 |127 |00:13:14,400 ~-~-> 00:13:21,440 |minute chart, and then the upper right hand corner is a one minute chart, and
372 |128 |00:13:21,440 ~-~-> 00:13:26,660 |for teaching purposes and to answer a few questions that came up from my
373 |129 |00:13:26,660 ~-~-> 00:13:31,400 |private mentorship students, how to hold on to a trade and or how to look for it,
374 |130 |00:13:32,780 ~-~-> 00:13:36,140 |additional entries if you missed the ideal one that would be on the one
375 |131 |00:13:36,140 ~-~-> 00:13:40,720 |minute chart. So I'm going to give you a little bit of a lesson on the price
376 |132 |00:13:40,720 ~-~-> 00:13:46,240 |continuum, price delivery continuum theory, which is where we go through all
377 |133 |00:13:46,240 ~-~-> 00:13:50,560 |of the time frames and all the time frames, as I mentioned yesterday, this
378 |134 |00:13:50,560 ~-~-> 00:13:54,940 |is it. I'm not using anything higher than a 15 minute time frame, because
379 |135 |00:13:54,940 ~-~-> 00:13:58,780 |it's intraday trading. You don't need a daily chart, you don't need an hourly
380 |136 |00:13:58,780 ~-~-> 00:14:01,740 |chart, you don't need a 30 minute chart. You don't need anything above a 15
381 |137 |00:14:01,740 ~-~-> 00:14:06,120 |minute time, because everybody, everyone's clock. I don't care if you're
382 |138 |00:14:06,120 ~-~-> 00:14:12,900 |from Switzerland, Uganda, you know, New Zealand, by the way, did I? Did I read
383 |139 |00:14:12,900 ~-~-> 00:14:17,400 |something correctly New Zealand? Did you just pass up bill or a law that says
384 |140 |00:14:17,400 ~-~-> 00:14:22,400 |that they can arrest you if you've not received the arm ticket from mister 19.
385 |141 |00:14:23,060 ~-~-> 00:14:27,260 |And I can't say everything exactly as I want, but it seems like I read something
386 |142 |00:14:27,260 ~-~-> 00:14:32,120 |that said that New Zealand lawmakers have passed the law stating that they
387 |143 |00:14:32,120 ~-~-> 00:14:34,880 |can arrest you if you don't have the thing that should have been introduced
388 |144 |00:14:35,060 ~-~-> 00:14:42,580 |as a remedy for mister 19. Wow, that's and enforceably. Give it to you, send me
389 |145 |00:14:42,580 ~-~-> 00:14:46,540 |an email if you have any information on that, and title it New Zealand in that
390 |146 |00:14:46,540 ~-~-> 00:14:49,960 |way, I'll look for it because I get too many emails. I can't read everybody's
391 |147 |00:14:49,960 ~-~-> 00:14:55,780 |email. But yeah, wherever you're from, you're all going to have the same face
392 |148 |00:14:55,780 ~-~-> 00:14:59,920 |one o'clock and everybody has a seven o'clock in the morning. Everyone has.
393 |149 |00:15:00,000 ~-~-> 00:15:02,640 |Eight o'clock in the morning, and everybody has a nine o'clock in the
394 |150 |00:15:02,760 ~-~-> 00:15:08,700 |morning. And as long as that time is set to New York local time, every one of us
395 |151 |00:15:08,700 ~-~-> 00:15:14,520 |are going to be on the same page every single market day. We're all going to be
396 |152 |00:15:14,520 ~-~-> 00:15:22,520 |expecting the same thing. There's no way for me as the educator here to have out.
397 |153 |00:15:22,760 ~-~-> 00:15:26,540 |I don't have a way of saying, Well, this is what I really meant, and it did this
398 |154 |00:15:26,540 ~-~-> 00:15:31,640 |and that it either works or it doesn't right. Yeah, that's the litmus test. It
399 |155 |00:15:31,640 ~-~-> 00:15:37,940 |either works or it doesn't. It either holds up, it stands the test of time, or
400 |156 |00:15:37,940 ~-~-> 00:15:42,700 |it doesn't. How can you prove that to yourself to trust it. That's the
401 |157 |00:15:42,700 ~-~-> 00:15:47,620 |important factor. And this is the part that most traders, when they're
402 |158 |00:15:47,620 ~-~-> 00:15:52,600 |developing themselves, they rush through this. And this is such an essential part
403 |159 |00:15:53,200 ~-~-> 00:15:58,000 |that I can't stress it enough, and I've done it a lot in lectures and teachings,
404 |160 |00:15:58,000 ~-~-> 00:16:03,720 |and all of my mentor videos is focused on slowing you down in the initial
405 |161 |00:16:03,720 ~-~-> 00:16:08,160 |stages because you're too quick to run out there and try to make money. And you
406 |162 |00:16:08,160 ~-~-> 00:16:11,820 |don't know what you're supposed to know. You don't even know what it is that you
407 |163 |00:16:11,820 ~-~-> 00:16:17,040 |should know and what you should avoid doing. And I'm going to cover a little
408 |164 |00:16:17,040 ~-~-> 00:16:21,020 |bit of that today, also how to organize your charts, and then I'm going to show
409 |165 |00:16:21,020 ~-~-> 00:16:23,960 |you what you need to be doing as homework for the rest of the day,
410 |166 |00:16:23,960 ~-~-> 00:16:28,460 |because we're only going to be here to around nine o'clock. Hopefully, that's
411 |167 |00:16:28,460 ~-~-> 00:16:35,120 |my plan, at least, right? So that way you can go in and start looking for very
412 |168 |00:16:35,120 ~-~-> 00:16:41,080 |specific things that your eye will jump to initially. Doesn't mean that that's
413 |169 |00:16:41,080 ~-~-> 00:16:44,260 |going to be your model. Doesn't mean that's going to be your entry technique
414 |170 |00:16:44,320 ~-~-> 00:16:48,040 |that you live by and make all your money from. It just means that that's your
415 |171 |00:16:48,040 ~-~-> 00:16:55,480 |first one, and it's an invitation for your personal interest, what you
416 |172 |00:16:55,480 ~-~-> 00:16:58,780 |gravitate to initially, wherever you are in your development as a trader, and
417 |173 |00:16:58,780 ~-~-> 00:17:03,360 |what you've been accustomed to seeing from my content, I have to allow that
418 |174 |00:17:03,360 ~-~-> 00:17:08,100 |part. You have to give yourself permission to have that part as well,
419 |175 |00:17:08,700 ~-~-> 00:17:12,300 |because if I force you into we're only going to use breakers, we're only going
420 |176 |00:17:12,300 ~-~-> 00:17:15,900 |to use order blocks, we're only going to use fair value gaps. It's going to
421 |177 |00:17:15,900 ~-~-> 00:17:20,840 |alienate a large segment of you, and you will be left behind in your development,
422 |178 |00:17:20,840 ~-~-> 00:17:25,760 |and it's not that's not proper learning, that's not a hallmark or a signature of
423 |179 |00:17:25,760 ~-~-> 00:17:31,040 |a good teacher. So I have to have to make allowance for you to bring your own
424 |180 |00:17:31,040 ~-~-> 00:17:35,240 |personality to this, and you're going to see the benefits of that. Because some,
425 |181 |00:17:35,300 ~-~-> 00:17:40,220 |for some of you, you've been trying to lock yourself into one trick pony ICT
426 |182 |00:17:40,220 ~-~-> 00:17:43,840 |concepts, because either I've done a video, or I've done a trade, or I've
427 |183 |00:17:43,840 ~-~-> 00:17:47,260 |recorded something, or I said something that really resonated with you, and you
428 |184 |00:17:47,260 ~-~-> 00:17:52,060 |think because it sounded cool, you know, you want to be tapped to cool in your
429 |185 |00:17:52,060 ~-~-> 00:17:59,140 |trading, instead of technically linked to your personality, it is going to be
430 |186 |00:17:59,140 ~-~-> 00:18:03,060 |easier for you to See how you've held yourself back by trying to force
431 |187 |00:18:03,060 ~-~-> 00:18:07,800 |yourself into a mode that nobody asked you to do. The proper learning is for
432 |188 |00:18:07,800 ~-~-> 00:18:11,160 |you to come into this and say, Okay, there's lots of things in this candy
433 |189 |00:18:11,160 ~-~-> 00:18:15,840 |store I can have. Which one do I want to work with first? It doesn't mean it has
434 |190 |00:18:15,840 ~-~-> 00:18:19,740 |to be my favorite is, but I have to start somewhere, so I leave that up to
435 |191 |00:18:19,740 ~-~-> 00:18:23,060 |you, and now it'll make much more sense when we get into the charts and the
436 |192 |00:18:23,060 ~-~-> 00:18:26,900 |technical aspects. But initially, I want to give you the protocol that you go
437 |193 |00:18:26,900 ~-~-> 00:18:30,260 |through every single day when you sit down in front of the charts, whether
438 |194 |00:18:30,260 ~-~-> 00:18:35,300 |you're doing it live or if it's after the fact, and you come home from
439 |195 |00:18:35,300 ~-~-> 00:18:39,080 |university, come home from school, if you wake up and now you're going to have
440 |196 |00:18:39,080 ~-~-> 00:18:42,700 |time to do it, you haven't made the changes in your life to allow yourself
441 |197 |00:18:42,700 ~-~-> 00:18:45,880 |to actually be in from the charts there live, or you're working, let's just be
442 |198 |00:18:45,880 ~-~-> 00:18:49,240 |real. Okay, you may not be able to do what we're doing right here live, and
443 |199 |00:18:49,240 ~-~-> 00:18:52,840 |you maybe you can't see any doing live streams when I'm doing them and having
444 |200 |00:18:52,840 ~-~-> 00:18:56,980 |the benefit of of borrowing my experience. So what do you do with that
445 |201 |00:18:56,980 ~-~-> 00:19:00,300 |information? How do you journal? How do you log what it is that you should be
446 |202 |00:19:00,300 ~-~-> 00:19:04,140 |observing and studying each day, and then referring back to that same
447 |203 |00:19:04,200 ~-~-> 00:19:08,280 |information on an individual day by day basis. On the weekend, whether it be a
448 |204 |00:19:08,280 ~-~-> 00:19:12,180 |Saturday or a Sunday, when I used to do Twitter spaces, I would talk about how
449 |205 |00:19:12,180 ~-~-> 00:19:15,540 |many this is our day to kind of like ground ourselves. The markets are not
450 |206 |00:19:15,540 ~-~-> 00:19:18,540 |trading, unless you trade crypto and you're then you think that that's going
451 |207 |00:19:18,540 ~-~-> 00:19:23,600 |to be real money in the future. All those things, but aside, that is the day
452 |208 |00:19:23,600 ~-~-> 00:19:27,620 |where we rest. We don't try to trade, we don't try to formulate any kind of
453 |209 |00:19:27,860 ~-~-> 00:19:33,080 |hardline ideas. We go back and refer to what decisions we made, what actions we
454 |210 |00:19:33,080 ~-~-> 00:19:38,660 |took and or actions that we should have but didn't, and identify opportunities
455 |211 |00:19:38,660 ~-~-> 00:19:42,100 |that we weren't able to see then and then encourage ourselves through
456 |212 |00:19:42,100 ~-~-> 00:19:45,760 |journaling saying, These are the things I did right, and these are new
457 |213 |00:19:45,760 ~-~-> 00:19:51,400 |opportunities for me to investigate and look into, because this was something I
458 |214 |00:19:51,400 ~-~-> 00:19:58,240 |didn't have the pleasure or the the luxury of understanding or identifying
459 |215 |00:19:58,240 ~-~-> 00:20:03,480 |at the time. You see what I did there, I. I took something that every one of us
460 |216 |00:20:03,480 ~-~-> 00:20:05,760 |is going to have happen to us. Okay, there's a
461 |217 |00:20:07,200 ~-~-> 00:20:11,340 |opportunity for us to see what we could have done better. Now, if you're on
462 |218 |00:20:11,340 ~-~-> 00:20:15,420 |social media or you invite other people, usually people that are an idiot. They
463 |219 |00:20:15,540 ~-~-> 00:20:18,600 |don't know how to trade, they're toxic. They work at Jiffy Lube, they got a
464 |220 |00:20:18,600 ~-~-> 00:20:21,800 |raise, and they're probably on the verge of getting fired, you're going to listen
465 |221 |00:20:21,800 ~-~-> 00:20:25,940 |to those individuals give you insight or opinions in your comment section, or
466 |222 |00:20:26,120 ~-~-> 00:20:29,840 |they're going to comment to you in a live chat via someone else's live
467 |223 |00:20:29,840 ~-~-> 00:20:36,200 |stream, if you make yourself available, okay, toxic people are going to give you
468 |224 |00:20:36,200 ~-~-> 00:20:40,240 |their opinion unsolicited, and they're idiots. You don't want to listen to an
469 |225 |00:20:40,240 ~-~-> 00:20:45,100 |idiot. The village idiot mentality is in every segment, in every community of
470 |226 |00:20:45,100 ~-~-> 00:20:49,480 |trading, there's a whole bunch of them. There's a whole tribe of them, okay? And
471 |227 |00:20:49,780 ~-~-> 00:20:53,860 |you should not care what anybody else thinks. And if someone takes the time to
472 |228 |00:20:53,860 ~-~-> 00:20:57,700 |congratulate you or say, Well done, you need to dismiss that as well, because
473 |229 |00:20:57,760 ~-~-> 00:21:01,620 |you're not trying to feel ego. You're not trying to allow anyone to influence
474 |230 |00:21:01,620 ~-~-> 00:21:06,540 |you negatively, either. But that same element needs to occur in your
475 |231 |00:21:06,540 ~-~-> 00:21:11,040 |journaling, which means you have to filter out all of the toxicity that
476 |232 |00:21:11,040 ~-~-> 00:21:14,520 |you're invariably going to reach into and say, I didn't do that right. That
477 |233 |00:21:14,520 ~-~-> 00:21:20,040 |was stupid of me. I should have saw that so and so forming in the chart, or I saw
478 |234 |00:21:20,040 ~-~-> 00:21:25,220 |it, but I ignored it because I wanted to be right. And then you you feel
479 |235 |00:21:25,220 ~-~-> 00:21:29,120 |compelled to you think journaling is a beat up session, like you're you're
480 |236 |00:21:29,120 ~-~-> 00:21:32,960 |you're giving yourself an ass, chilling. You're not trying to parent yourself.
481 |237 |00:21:33,980 ~-~-> 00:21:38,720 |You're not trying to be Dad. You're not trying to be mom, overbearing. You know,
482 |238 |00:21:38,720 ~-~-> 00:21:43,120 |correcting you and punishing you, what you're trying to be is the best coach
483 |239 |00:21:43,540 ~-~-> 00:21:48,160 |for someone that you love. If you're trying to coach someone that you
484 |240 |00:21:48,160 ~-~-> 00:21:51,280 |genuinely love, and you don't want to break the spirit of and you want to
485 |241 |00:21:51,280 ~-~-> 00:21:55,720 |encourage that person, you should love yourself just as much as you love your
486 |242 |00:21:55,720 ~-~-> 00:21:59,020 |spouse or your children. You have to have some measure of respect for
487 |243 |00:21:59,020 ~-~-> 00:22:03,900 |yourself, and tearing yourself a new ass in a journal is not going to help you
488 |244 |00:22:03,960 ~-~-> 00:22:07,800 |get better. You're not trying to play a drill sergeant. We mentioned this
489 |245 |00:22:07,800 ~-~-> 00:22:11,340 |yesterday as an analogy. When you go through boot camp, they're tearing these
490 |246 |00:22:11,340 ~-~-> 00:22:16,440 |individuals down mentally and physically and to the breaking point, and then
491 |247 |00:22:16,440 ~-~-> 00:22:21,500 |they're shaping them up into a sword. Okay, you're going to be a Marine,
492 |248 |00:22:21,500 ~-~-> 00:22:25,160 |you're going to be a machine, you're going to be a soldier of fortune. You're
493 |249 |00:22:25,160 ~-~-> 00:22:28,220 |going to you're going to go out there and rip people's hearts out and eat it
494 |250 |00:22:28,220 ~-~-> 00:22:32,780 |before they die. You know, they're trying to turn them into an animal for
495 |251 |00:22:32,780 ~-~-> 00:22:37,460 |war purposes. That's not what you're doing in a journal. Okay? You're not
496 |252 |00:22:37,460 ~-~-> 00:22:41,980 |trying to mutate yourself into some crazy Wolverine. You're literally
497 |253 |00:22:42,280 ~-~-> 00:22:47,080 |coaching yourself, and you're encouraging yourself in any opportunity
498 |254 |00:22:47,080 ~-~-> 00:22:51,460 |where someone else could and yourself as well could take something out of context
499 |255 |00:22:51,940 ~-~-> 00:22:58,840 |and say, this is a perfect opportunity for me to dump on myself and spend too
500 |256 |00:22:58,840 ~-~-> 00:23:04,800 |much time dwelling on a negative thought, or a negative reaction, or an
501 |257 |00:23:04,800 ~-~-> 00:23:10,260 |inability to respond or react to an opportunity, and frame it and
502 |258 |00:23:10,260 ~-~-> 00:23:14,280 |encapsulate it with toxicity. You don't want to do those things in your journal.
503 |259 |00:23:14,760 ~-~-> 00:23:19,020 |Now, for people that are idiots, they're going to say, well, you're just sugar
504 |260 |00:23:19,020 ~-~-> 00:23:22,520 |coating it, okay, and it's a waste of time. Journaling is a waste of time. I
505 |261 |00:23:22,520 ~-~-> 00:23:26,900 |promise you, these people are not making money. These people do not have trade.
506 |262 |00:23:26,900 ~-~-> 00:23:31,040 |They're not consistent, and they're just absolutely miserable. Credence. You need
507 |263 |00:23:31,040 ~-~-> 00:23:35,720 |to keep all that junk and filth out of your mind, out of your circle of
508 |264 |00:23:35,720 ~-~-> 00:23:41,800 |influence. That's why social media is a cancer. This is my only mode of social
509 |265 |00:23:41,800 ~-~-> 00:23:46,000 |media. I am not on Instagram. I'm not active on Twitter. I am not doing
510 |266 |00:23:46,000 ~-~-> 00:23:49,540 |anything else. I'm not in a discord. I'm not running any kind of social media
511 |267 |00:23:49,540 ~-~-> 00:23:53,140 |where people can engage with me. Hey, how you doing? It's not how that works.
512 |268 |00:23:53,380 ~-~-> 00:23:59,980 |My private mentorship. We have a space, okay? We have a space where we
513 |269 |00:23:59,980 ~-~-> 00:24:03,120 |communicate. When I want to make something available to them, I talk to
514 |270 |00:24:03,120 ~-~-> 00:24:08,400 |them. That's it. And it's at my time. It's at my I don't schedule anything.
515 |271 |00:24:08,400 ~-~-> 00:24:13,500 |It's just when you see me, I appear. And that's it. Outside of YouTube, this very
516 |272 |00:24:13,500 ~-~-> 00:24:18,540 |YouTube channel, there's no other ICT experience, and when I mentioned that I
517 |273 |00:24:18,540 ~-~-> 00:24:22,340 |was never going to do a paid mentorship, I had people leaving comments yesterday
518 |274 |00:24:22,340 ~-~-> 00:24:27,800 |saying you said you was never going to do a mentorship. Right for money. I'm
519 |275 |00:24:27,800 ~-~-> 00:24:30,920 |not asking for payments. You're not sending me any money here. You're
520 |276 |00:24:30,920 ~-~-> 00:24:35,960 |watching because you want to watch or you don't want to watch. So you have to
521 |277 |00:24:35,960 ~-~-> 00:24:41,020 |manage a lot of people's personalities if you allow them to have any
522 |278 |00:24:41,020 ~-~-> 00:24:44,800 |interaction with you. So the best thing you can do if you're really going to
523 |279 |00:24:44,800 ~-~-> 00:24:50,320 |make an attempt to do do it well, is what I told my son. I allowed him to be
524 |280 |00:24:50,320 ~-~-> 00:24:55,420 |amongst my private mentorship students. He's a he's among them right now, but
525 |281 |00:24:55,420 ~-~-> 00:24:59,320 |I've also told him, don't talk to any of them, and don't think that it's rude.
526 |282 |00:24:59,500 ~-~-> 00:25:02,880 |Don't think. That you're trying to be pompous or arrogant, because these
527 |283 |00:25:02,880 ~-~-> 00:25:08,040 |individuals are going to try to warm up to you. And I have leakers in my in my
528 |284 |00:25:08,040 ~-~-> 00:25:12,480 |groups. They're they're there, okay, so I told them, don't even listen to it.
529 |285 |00:25:12,480 ~-~-> 00:25:15,300 |They're going to blow smoke up your ass. They're going to try to befriend you.
530 |286 |00:25:15,420 ~-~-> 00:25:18,180 |They're going to say whatever they want. Or some of them might take a shot and
531 |287 |00:25:18,180 ~-~-> 00:25:21,060 |say, hey, look, your dad's not on the leaderboard of Robin's cup. He's a frog.
532 |288 |00:25:21,060 ~-~-> 00:25:23,660 |And what are you going to say about that? You to say about that? Well, they
533 |289 |00:25:23,660 ~-~-> 00:25:26,480 |won't have the balls to do that because they don't get I'll bring them around to
534 |290 |00:25:26,480 ~-~-> 00:25:32,600 |mentorship. But the point is this, don't allow toxic people or anyone to fluff
535 |291 |00:25:32,600 ~-~-> 00:25:37,100 |you up, and you need to do the same thing in your journal. It doesn't mean
536 |292 |00:25:37,100 ~-~-> 00:25:40,220 |you can't congratulate yourself and cheerlead yourself when you do it right.
537 |293 |00:25:40,280 ~-~-> 00:25:44,320 |Just don't lay it on thick. Where you think you're, you know, the bee's knees,
538 |294 |00:25:44,320 ~-~-> 00:25:48,520 |if you will, meaning that you're really a hot shot or better than you really
539 |295 |00:25:48,520 ~-~-> 00:25:54,220 |are. So you have to be very, very balanced, but you're leaning heavily on
540 |296 |00:25:54,520 ~-~-> 00:26:00,300 |coaching, encouraging. Yeah, you may have not observed a specific function in
541 |297 |00:26:00,300 ~-~-> 00:26:04,020 |price delivery, and it just happened to be probably the biggest run of the day.
542 |298 |00:26:04,500 ~-~-> 00:26:08,220 |And you in your infancy and your understanding you don't see those things
543 |299 |00:26:08,220 ~-~-> 00:26:11,460 |forming yet, because you haven't had an experience doing these very things I'm
544 |300 |00:26:11,460 ~-~-> 00:26:15,540 |going to show you today, and then studying it and looking at old price
545 |301 |00:26:15,540 ~-~-> 00:26:22,940 |moves. This is exactly what you need and must do. You will not be consistent. You
546 |302 |00:26:22,940 ~-~-> 00:26:27,800 |will not be consistently profitable. You will not be comfortable waiting for
547 |303 |00:26:27,800 ~-~-> 00:26:34,040 |setups until you've done this part. Now I'm forcing Caleb to do this for a month
548 |304 |00:26:34,340 ~-~-> 00:26:38,060 |because I want to see that number one, he can stick to the process of doing it
549 |305 |00:26:38,060 ~-~-> 00:26:41,140 |over and over and again. I don't want to receive texts from him saying what he
550 |306 |00:26:41,140 ~-~-> 00:26:43,900 |thinks going to happen. I don't care about his opinion, and it's not
551 |307 |00:26:43,900 ~-~-> 00:26:48,040 |appropriate for him to have that understanding yet. Anyway, he thinks, he
552 |308 |00:26:48,040 ~-~-> 00:26:51,760 |thinks that he should. He thinks that that's going to be a measuring stick so
553 |309 |00:26:51,760 ~-~-> 00:26:56,440 |that can feel like, okay, my son's doing his part. No, I'm going to know you're
554 |310 |00:26:56,440 ~-~-> 00:27:00,360 |doing your part by what I'm going to outline today, and then this weekend,
555 |311 |00:27:00,360 ~-~-> 00:27:04,920 |when we see it together, I'll know if you've been doing it or not, because you
556 |312 |00:27:04,920 ~-~-> 00:27:08,040 |can't make that up. It's something you have to journal. It's something you have
557 |313 |00:27:08,040 ~-~-> 00:27:11,100 |to go through the process of studying the charts. You can't fake that. You
558 |314 |00:27:11,100 ~-~-> 00:27:14,220 |can't watch 10 minutes of my video like my son Cameron did, and said, Yeah, I
559 |315 |00:27:14,220 ~-~-> 00:27:18,060 |was watching your videos, dad and so and so. Okay, then I asked him something
560 |316 |00:27:18,060 ~-~-> 00:27:21,320 |else, I said in the video, and he had no idea what I was talking about, because I
561 |317 |00:27:21,320 ~-~-> 00:27:24,800 |know what he did. He skimmed through the video, listened for a couple buzzwords,
562 |318 |00:27:25,040 ~-~-> 00:27:28,400 |and he fell into the same click. A lot of people do on the internet. They want
563 |319 |00:27:28,400 ~-~-> 00:27:31,520 |to talk with the language, but they have no understanding, but they'll use market
564 |320 |00:27:31,520 ~-~-> 00:27:34,760 |replay to teach my stuff. It doesn't make any sense. You don't want to fake
565 |321 |00:27:34,760 ~-~-> 00:27:38,060 |it. You want to be able to do it genuine, and you want to have a genuine
566 |322 |00:27:38,060 ~-~-> 00:27:43,960 |mentorship experience. Well, your part of this, your personal contribution in
567 |323 |00:27:43,960 ~-~-> 00:27:50,320 |initial stages, is what this is all about today. Okay, so yesterday I talked
568 |324 |00:27:50,320 ~-~-> 00:27:55,360 |about the process of not going above a 15 minute time frame. And I know some of
569 |325 |00:27:55,360 ~-~-> 00:27:59,200 |you that have a higher Time Frame affinity for like, a daily chart, weekly
570 |326 |00:27:59,200 ~-~-> 00:28:04,860 |chart, whatnot, that probably feels very uncomfortable hearing that. And I said
571 |327 |00:28:04,860 ~-~-> 00:28:10,320 |this before, you don't need all those time frames. Now, when you have a model
572 |328 |00:28:10,320 ~-~-> 00:28:14,760 |that you're risking money behind, it's important to refer to those things. But
573 |329 |00:28:14,760 ~-~-> 00:28:18,720 |right now, the only thing you're trying to do is get familiar with reading price
574 |330 |00:28:18,720 ~-~-> 00:28:25,700 |action and getting over that fear of missing moves, and fear of not knowing,
575 |331 |00:28:26,000 ~-~-> 00:28:30,800 |the fear of not knowing what's going to happen next. That's an it's an enormous
576 |332 |00:28:30,980 ~-~-> 00:28:38,300 |sense of, Well, it's like a barrier. You feel like you can't break through this
577 |333 |00:28:38,300 ~-~-> 00:28:43,240 |invisible force field of, I wish I could know what it's going to do next, because
578 |334 |00:28:43,240 ~-~-> 00:28:47,200 |if I could just do that, then I could be profitable. And I'm telling you, that's
579 |335 |00:28:47,200 ~-~-> 00:28:55,960 |not true. That's not true, but it has a necessary role in your overall
580 |336 |00:28:55,960 ~-~-> 00:28:59,620 |development, and it needs to be the first thing. Where's the market likely
581 |337 |00:28:59,620 ~-~-> 00:29:05,580 |to move directionally, where is it going to gravitate to, and what time usually
582 |338 |00:29:05,580 ~-~-> 00:29:09,900 |will these moves form? I introduced the very generic form of that yesterday.
583 |339 |00:29:10,500 ~-~-> 00:29:13,920 |It's not complicated, and we're going to go through the rules very, very
584 |340 |00:29:13,920 ~-~-> 00:29:17,040 |specific. And it's not a lot of them. It's not a whole lot of moving parts.
585 |341 |00:29:17,040 ~-~-> 00:29:21,020 |And I'm going to clarify what I meant yesterday, prior to seven o'clock in the
586 |342 |00:29:21,020 ~-~-> 00:29:25,040 |morning and what you're specifically looking for. Because I got a question
587 |343 |00:29:25,040 ~-~-> 00:29:28,340 |from one of my private mentorship students, and I went back and listened
588 |344 |00:29:28,340 ~-~-> 00:29:31,880 |to I was like, Oh yeah, I can see how that causes confusion. So I'm gonna
589 |345 |00:29:32,000 ~-~-> 00:29:37,280 |address that as well. I apologize if I confuse a little bit of some of the
590 |346 |00:29:37,280 ~-~-> 00:29:40,720 |references to time around that seven o'clock in the morning, because it does
591 |347 |00:29:40,720 ~-~-> 00:29:46,600 |sound like I say, look for it before 7am and then later on, I say, you don't want
592 |348 |00:29:46,600 ~-~-> 00:29:50,800 |to look before 7am so I'm going to clarify what I really meant there. And
593 |349 |00:29:50,980 ~-~-> 00:29:54,400 |like I said, I'm not using a script. I don't have any kind of bullet points to
594 |350 |00:29:54,400 ~-~-> 00:29:54,880 |go by. I'm
595 |351 |00:29:55,060 ~-~-> 00:29:58,180 |I know what I want to talk about, but because I was watching price action
596 |352 |00:29:58,180 ~-~-> 00:30:03,960 |live, my 10. Tim was on that as well as as talking about what it is I wanted to
597 |353 |00:30:03,960 ~-~-> 00:30:07,080 |cover. But yes, there was a casual lesson. This is a little bit more
598 |354 |00:30:07,080 ~-~-> 00:30:13,500 |specific, so I have lots of charts available to me in hardware, on screens
599 |355 |00:30:13,500 ~-~-> 00:30:17,460 |that are off right now in front of me, I'm only physically working with a
600 |356 |00:30:17,460 ~-~-> 00:30:23,180 |laptop computer. Most of you only have, like a tablet or a singular computer
601 |357 |00:30:23,180 ~-~-> 00:30:30,380 |screen or a laptop, okay? And you can do everything from that, okay? I would
602 |358 |00:30:30,380 ~-~-> 00:30:36,500 |counsel you not to try to put your faith in using just a smartphone. Okay? If
603 |359 |00:30:36,500 ~-~-> 00:30:40,600 |there's something you're observing and studying on the you know, on the move,
604 |360 |00:30:40,600 ~-~-> 00:30:44,200 |like you're at work and you're getting a bathroom break, or if you're on lunch
605 |361 |00:30:44,200 ~-~-> 00:30:47,200 |break and you want to look at the market through your phone. I don't have any
606 |362 |00:30:47,380 ~-~-> 00:30:51,460 |qualms against that, but if you're going to try to make an attempt to learn how
607 |363 |00:30:51,460 ~-~-> 00:30:56,800 |to do this well and consistently, you need to have something larger than your
608 |364 |00:30:56,800 ~-~-> 00:31:01,320 |smartphone. Okay? And I don't mean the one phone like my son Cody has. He opens
609 |365 |00:31:01,320 ~-~-> 00:31:05,700 |it up and unfolds and it's a bigger screen. That's still not enough. You
610 |366 |00:31:05,700 ~-~-> 00:31:10,260 |have to have a laptop a minimum, okay, about 15 inches, you know, minimum
611 |367 |00:31:10,500 ~-~-> 00:31:16,920 |surface space. You may not have a trading view subscription that allows
612 |368 |00:31:16,920 ~-~-> 00:31:21,740 |you to do some of the things that I'm going to refer to today. You do not need
613 |369 |00:31:21,740 ~-~-> 00:31:25,160 |a sub one minute time frame, but I'm going to show you, for the people that
614 |370 |00:31:25,160 ~-~-> 00:31:29,600 |do have that, how to integrate that into this. Okay, I mentioned it in passing
615 |371 |00:31:29,600 ~-~-> 00:31:33,860 |yesterday, so now I'm going to give you the rules and how it looks, what it
616 |372 |00:31:33,860 ~-~-> 00:31:38,000 |looks like rather in the price runs from yesterday and how to study today,
617 |373 |00:31:38,000 ~-~-> 00:31:43,600 |because I won't be with you after the opening bell at 930 Eastern Time, the
618 |374 |00:31:43,600 ~-~-> 00:31:46,600 |and also, the reason why I want to keep this short is because I have not been
619 |375 |00:31:46,600 ~-~-> 00:31:51,520 |doing a lot of talking. And yesterday, you know, a little over two hours, I got
620 |376 |00:31:51,520 ~-~-> 00:31:54,460 |a little horse yesterday. So I want to make sure I can preserve my voice. I
621 |377 |00:31:54,460 ~-~-> 00:31:59,380 |don't want to come to you tomorrow and say I can't talk. I lost my voice. As
622 |378 |00:31:59,380 ~-~-> 00:32:03,960 |much as some of you guys really want to hear hear me say I lost my voice. So I'd
623 |379 |00:32:04,320 ~-~-> 00:32:07,320 |probably still sit out here and type over the chart and without having to say
624 |380 |00:32:07,320 ~-~-> 00:32:10,320 |anything, and still do the same thing. But people that don't know English,
625 |381 |00:32:10,320 ~-~-> 00:32:13,740 |they'll send me hate mail saying, I can't read what you're saying. Why don't
626 |382 |00:32:13,740 ~-~-> 00:32:17,700 |you have subtitles? Because I'm not speaking. It's all being typed out. So
627 |383 |00:32:17,940 ~-~-> 00:32:23,660 |your your chart, if you have the ability put all four charts up on the screen
628 |384 |00:32:23,660 ~-~-> 00:32:27,620 |like this. Your upper left is 15 minute time frame. Lower Left is five minute.
629 |385 |00:32:27,920 ~-~-> 00:32:33,620 |Upper right is one minute. And if you do have the ability to look at anything
630 |386 |00:32:33,620 ~-~-> 00:32:37,820 |less than one minute, you can put a 15 second chart, not that you need it, but
631 |387 |00:32:38,060 ~-~-> 00:32:44,080 |you're going to find out today that it is very, very informative for seeing
632 |388 |00:32:44,080 ~-~-> 00:32:48,160 |what price is doing underneath these one minute candlesticks that you never
633 |389 |00:32:48,160 ~-~-> 00:32:54,820 |really are aware of, usually or you probably didn't think of it okay prior
634 |390 |00:32:54,820 ~-~-> 00:32:59,440 |to investigating and studying it, because there's a lot of things that you
635 |391 |00:32:59,440 ~-~-> 00:33:03,240 |would see on any other client frame occurring on that 15 second chart, and
636 |392 |00:33:03,240 ~-~-> 00:33:10,020 |it's very forgiving. So is if you missed a move and you missed an entry, the 15
637 |393 |00:33:10,020 ~-~-> 00:33:15,480 |second allows me to get into a move if I missed my ideal fair value gap, or if I
638 |394 |00:33:15,480 ~-~-> 00:33:19,560 |have a limit order and I had the order sitting inside of a level that I feel
639 |395 |00:33:19,560 ~-~-> 00:33:23,000 |pretty confident that it's going to trade too. Sometimes I've had, and if
640 |396 |00:33:23,000 ~-~-> 00:33:28,160 |you watch some of my recorded sessions before, you can see where I have had
641 |397 |00:33:28,160 ~-~-> 00:33:32,540 |limit orders, where it goes up and touches the limit order but doesn't go
642 |398 |00:33:32,540 ~-~-> 00:33:37,580 |above it for the spread. And I've had one instance where it did technically go
643 |399 |00:33:37,580 ~-~-> 00:33:42,340 |above, and the spread should have afforded me the fill, but it did not
644 |400 |00:33:42,340 ~-~-> 00:33:46,300 |fill me. Guess what that means? That's the real world. That's what's going to
645 |401 |00:33:46,300 ~-~-> 00:33:49,720 |happen to you when you start trading. You're going to have limit orders that
646 |402 |00:33:49,720 ~-~-> 00:33:55,360 |don't get filled because we're using such a degree of precision. That is a
647 |403 |00:33:55,360 ~-~-> 00:34:00,400 |welcome struggle. That's a challenge that I enjoy having. And you're going to
648 |404 |00:34:00,400 ~-~-> 00:34:03,660 |learn to learn to have that, that mindset as well. Whereas right now, if
649 |405 |00:34:03,660 ~-~-> 00:34:09,540 |you don't have a whole degree of importance placed around precision, when
650 |406 |00:34:09,540 ~-~-> 00:34:14,220 |you don't get your fill on a thing, it's, it's, it's struggling point for
651 |407 |00:34:14,220 ~-~-> 00:34:18,420 |you to wrestle with. Why did that thing take off without me? I'm never going to
652 |408 |00:34:18,420 ~-~-> 00:34:22,280 |get another move. This is the only move I'm ever going to capture, and I missed
653 |409 |00:34:22,280 ~-~-> 00:34:26,240 |it. That's what you think. That's what you feel. But me and my students that
654 |410 |00:34:26,240 ~-~-> 00:34:31,520 |have done these things for years and years now we're comfortable with, well,
655 |411 |00:34:31,520 ~-~-> 00:34:35,240 |I was trying to be so perfect and precise about where I wanted to get in
656 |412 |00:34:35,240 ~-~-> 00:34:40,120 |at so I can have a very small stop, excuse me, very small stop loss. It
657 |413 |00:34:40,120 ~-~-> 00:34:44,500 |didn't fill me, and it started running away. So I didn't get my best fill. We
658 |414 |00:34:44,500 ~-~-> 00:34:48,700 |don't get upset about that. We're not cussing at the screen. Oh, you so and
659 |415 |00:34:48,700 ~-~-> 00:34:53,260 |so's You didn't give me my fill. Okay, that is an expression, and you know,
660 |416 |00:34:53,260 ~-~-> 00:34:57,820 |don't be a dick for a tick if you're trying to be very, very precise about
661 |417 |00:34:57,820 ~-~-> 00:35:02,400 |your fills and your entries. Um. And you don't give yourself flexibility and
662 |418 |00:35:02,400 ~-~-> 00:35:09,120 |permission to see it not fill sometimes you're going to have a real hard time in
663 |419 |00:35:09,120 ~-~-> 00:35:13,980 |the early stages of order placement and learning how to trade entries, because
664 |420 |00:35:14,040 ~-~-> 00:35:19,680 |you're going to be demanding perfection. And demanding Perfection isn't is an
665 |421 |00:35:19,680 ~-~-> 00:35:24,020 |invitation for frustration and regret and struggle, and it's going to make
666 |422 |00:35:24,020 ~-~-> 00:35:26,540 |your learning process a whole lot harder. And you know, in longer you
667 |423 |00:35:26,540 ~-~-> 00:35:32,300 |don't want that. So a 15 second chart just I'm going to say this, and then
668 |424 |00:35:32,300 ~-~-> 00:35:39,740 |we'll get into the business of the 15 five and one the the advantages of a 15
669 |425 |00:35:39,740 ~-~-> 00:35:44,440 |second chart is that I can get into a price run that I missed on a one minute
670 |426 |00:35:44,440 ~-~-> 00:35:50,140 |chart, a five minute chart, or 15 minutes chart, or any other time frame
671 |427 |00:35:50,140 ~-~-> 00:35:54,040 |that I may be looking at, but for the rules that I'm placing on you, Caleb,
672 |428 |00:35:54,400 ~-~-> 00:35:59,680 |these are the only time frames until I tell you otherwise you're not looking at
673 |429 |00:35:59,680 ~-~-> 00:36:04,200 |anything else. So don't send me a daily chart. Don't send me an hourly chart.
674 |430 |00:36:04,260 ~-~-> 00:36:09,360 |Don't even ask me questions about any other time frame ever, until I introduce
675 |431 |00:36:09,360 ~-~-> 00:36:13,680 |some other reason for you to look at another time frame. Because this, this
676 |432 |00:36:13,680 ~-~-> 00:36:21,020 |universe right here, okay, this whole solar system of price action is all you
677 |433 |00:36:21,020 ~-~-> 00:36:27,440 |need. You don't need anything else. You literally need nothing else but this. I
678 |434 |00:36:27,440 ~-~-> 00:36:30,620 |mean, truth be taught. I said this before. I don't even need a chart. I
679 |435 |00:36:30,620 ~-~-> 00:36:35,240 |don't need a chart to trade, but to communicate what it is. I know that I'm
680 |436 |00:36:35,240 ~-~-> 00:36:41,200 |not going to teach. I use charts to kind of bridge the gap. So it's a very
681 |437 |00:36:41,200 ~-~-> 00:36:49,300 |effective medium to prove that is. It's your task to see what I'm saying is
682 |438 |00:36:49,300 ~-~-> 00:36:55,420 |valid or not. So y'all have this entire month to walk forward and see what it is
683 |439 |00:36:55,420 ~-~-> 00:37:00,100 |I'm talking about, whether it works or not. You all will be able to see if it's
684 |440 |00:37:00,580 ~-~-> 00:37:06,780 |based on fluff, or if it's really valid, I walked you through it yesterday, live
685 |441 |00:37:06,900 ~-~-> 00:37:12,780 |over one minute chart every fluctuation to tell you what was going to happen.
686 |442 |00:37:12,780 ~-~-> 00:37:18,240 |There's still huge opportunity for you as the person in the driver's seat of
687 |443 |00:37:18,240 ~-~-> 00:37:21,260 |determining what it is you're going to do with this information, because
688 |444 |00:37:21,260 ~-~-> 00:37:24,680 |there's, as you're going to see today, there's a lot of that in your disposal.
689 |445 |00:37:24,920 ~-~-> 00:37:28,940 |You have a lot of input that you're going to bring to this. And I'm not
690 |446 |00:37:28,940 ~-~-> 00:37:32,660 |asking you to send me an email saying, Okay, I watched this, and this is what
691 |447 |00:37:32,660 ~-~-> 00:37:35,480 |I'm choosing to do, like, like, I'm going to sit down and say, well, that's
692 |448 |00:37:35,480 ~-~-> 00:37:39,200 |a good decision of what you're focused on. And I think this is a great I don't
693 |449 |00:37:39,200 ~-~-> 00:37:42,280 |have time to do that. There's too many of you that always try to reach out to
694 |450 |00:37:42,280 ~-~-> 00:37:46,660 |me, and I physically don't have the time to respond to everyone, and that makes a
695 |451 |00:37:46,660 ~-~-> 00:37:50,740 |lot of you upset, like I'm ignoring you specifically. No, I'm trying. I'm trying
696 |452 |00:37:50,740 ~-~-> 00:37:56,020 |to ignore all of you. I've been trying to have a normal life, okay? And I have
697 |453 |00:37:56,200 ~-~-> 00:38:01,140 |ICT ism all the time, but the 15 second census simply gives you more
698 |454 |00:38:01,140 ~-~-> 00:38:04,680 |opportunities to get into a move that's underway. That's really all I'm saying,
699 |455 |00:38:04,980 ~-~-> 00:38:12,360 |or to dial down and reduce the risk and the exposure of a stop loss that would
700 |456 |00:38:12,360 ~-~-> 00:38:16,320 |otherwise probably require much more handles or pips. If you're referring to
701 |457 |00:38:16,620 ~-~-> 00:38:21,320 |Forex, it can be reduced very small because you're locating a 15 second time
702 |458 |00:38:21,320 ~-~-> 00:38:24,560 |frame. Now, don't think for a second that the 15 seconds just answers all the
703 |459 |00:38:24,560 ~-~-> 00:38:30,500 |equation and problems of larger stop losses, because if you don't know how to
704 |460 |00:38:30,500 ~-~-> 00:38:35,480 |reprice action, and if you don't know what that 15 five and one's doing, just
705 |461 |00:38:35,480 ~-~-> 00:38:38,600 |because you looked at a 15 second, some of you are thinking, Oh, he just gave me
706 |462 |00:38:38,600 ~-~-> 00:38:41,800 |the shortcut. There's there's a shortcut. All right. ICT, is to plug.
707 |463 |00:38:41,980 ~-~-> 00:38:45,580 |Hey, he just gave us the sneakers, the golden ticket. Don't look at anything
708 |464 |00:38:45,580 ~-~-> 00:38:49,300 |else, folks. Everything else is distraction. To red herring. 15 seconds
709 |465 |00:38:49,300 ~-~-> 00:38:53,320 |is the answer. And when I started talking and trading off a 15 second
710 |466 |00:38:53,320 ~-~-> 00:38:58,120 |chart, I got responses like that, like, oh bro, like you're the go, like you're,
711 |467 |00:38:58,120 ~-~-> 00:39:02,880 |you've, you've, you've, tipped the hand, you made it. It's easy for us now and
712 |468 |00:39:02,880 ~-~-> 00:39:08,460 |then, invariably, weeks later, they're like, I don't know, I'm getting chopped
713 |469 |00:39:08,460 ~-~-> 00:39:12,720 |up on this 15 second track, right? Yeah, because you thought you were just going
714 |470 |00:39:12,720 ~-~-> 00:39:17,340 |to jump to the head of the line and no adversity. And you can't do that. So
715 |471 |00:39:17,340 ~-~-> 00:39:21,140 |son, when you're doing this, I know right now, he doesn't have just so you
716 |472 |00:39:21,140 ~-~-> 00:39:28,760 |know, he doesn't have a membership or plan through trading deal. Okay, so that
717 |473 |00:39:28,760 ~-~-> 00:39:33,140 |way, here's what you maybe don't know, but my product internship students have
718 |474 |00:39:33,140 ~-~-> 00:39:34,880 |been monitoring this for a little while.
719 |475 |00:39:36,020 ~-~-> 00:39:41,480 |The we're probably gonna go to like 920 but all this is essential, because I'm
720 |476 |00:39:41,480 ~-~-> 00:39:45,460 |going to answer a lot of questions. That you're going to keep trying to send to
721 |477 |00:39:45,460 ~-~-> 00:39:48,880 |me, and it's going to frustrate me because I am answering them in the
722 |478 |00:39:48,880 ~-~-> 00:39:53,980 |dialog. But my son doesn't have live data, okay? And you're probably saying,
723 |479 |00:39:53,980 ~-~-> 00:39:57,520 |Well, what business should he have trying to learn this stuff if he's not
724 |480 |00:39:57,520 ~-~-> 00:40:02,820 |looking at live data? Because I am talking. To him, and I'm telling him up
725 |481 |00:40:02,820 ~-~-> 00:40:14,280 |until recently now, I would tell him by me, either entering a trade, live, not
726 |482 |00:40:14,340 ~-~-> 00:40:19,620 |Market Replay, not hindsight stuff, I would point his attention to a specific
727 |483 |00:40:19,620 ~-~-> 00:40:23,660 |level, like I was outlining it yesterday for all of you watching. And thank you
728 |484 |00:40:23,660 ~-~-> 00:40:26,900 |all for giving the thumbs up. I appreciate that. Last time I looked at
729 |485 |00:40:26,900 ~-~-> 00:40:33,020 |was 17,000 thumbs up. So it's like 10% 170,000 175,000 people watch the video
730 |486 |00:40:33,140 ~-~-> 00:40:37,400 |or live stream, either replay or whatever. It's still a little bit lower
731 |487 |00:40:37,400 ~-~-> 00:40:40,340 |number. So, you know, I'm trying to figure out what you were expecting,
732 |488 |00:40:40,340 ~-~-> 00:40:43,660 |because it literally did exactly what I said I was going to do. I was going to
733 |489 |00:40:43,660 ~-~-> 00:40:50,200 |do. But he watches delayed data. And for some of you that can't afford trading
734 |490 |00:40:50,200 ~-~-> 00:40:55,240 |view stuff, they do a Black Friday sale. And last year I bought, like, six years
735 |491 |00:40:55,300 ~-~-> 00:41:00,960 |of trading view membership at the level I have, which is the highest I use, the
736 |492 |00:41:00,960 ~-~-> 00:41:05,460 |highest one. And it was, I think it's like 600 bucks or something like that. I
737 |493 |00:41:05,460 ~-~-> 00:41:10,440 |got like, six years of, like, everything that I use right now, which is the
738 |494 |00:41:10,440 ~-~-> 00:41:15,480 |highest membership. You don't need the highest membership, okay? But I'm not a
739 |495 |00:41:15,480 ~-~-> 00:41:18,960 |representative for TradingView. I'm not trying to invite you to spend, spend
740 |496 |00:41:18,960 ~-~-> 00:41:23,000 |money there. This is just the medium that my community asked me if I would
741 |497 |00:41:23,000 ~-~-> 00:41:30,200 |use when Mt four became exposed as a way for people to rig it, okay? And people
742 |498 |00:41:30,200 ~-~-> 00:41:34,520 |accused me of using a white label broker, and I've already smashed that
743 |499 |00:41:34,520 ~-~-> 00:41:40,240 |lie and conspiracy. It's destroyed. You watched me do it yesterday. Okay? I know
744 |500 |00:41:40,240 ~-~-> 00:41:44,920 |what price is going to do. I don't need a a gimmick. Okay? I don't have a fake
745 |501 |00:41:44,920 ~-~-> 00:41:49,480 |brokerage firm that like Hanko trade, okay, oh yeah, that's make this person
746 |502 |00:41:49,480 ~-~-> 00:41:53,020 |look like he's made a lot of money, and I can go in and edit my trades, and that
747 |503 |00:41:53,020 ~-~-> 00:41:55,780 |way you can get other people to go in and sign up with them. They can lose
748 |504 |00:41:55,780 ~-~-> 00:42:00,300 |their money. And these types of brokers, you know, keep the money because they
749 |505 |00:42:00,300 ~-~-> 00:42:05,640 |debunk you. And that's the that's an opinion. That's not my opinion. I've
750 |506 |00:42:05,640 ~-~-> 00:42:09,660 |heard other people say that. So just for for the people of Hanko trade, they want
751 |507 |00:42:09,660 ~-~-> 00:42:13,620 |to send me some mail. Just know that I'll, I'll respond to that accordingly
752 |508 |00:42:13,620 ~-~-> 00:42:17,640 |as well. I'm using an analogy that's been said and banded about by other
753 |509 |00:42:17,640 ~-~-> 00:42:23,180 |people. I would never trade Hanko trade, by the way, but the point is, I'm using
754 |510 |00:42:23,240 ~-~-> 00:42:26,480 |a medium that the community introduced to me. I didn't know anything about
755 |511 |00:42:26,480 ~-~-> 00:42:30,320 |trading, so don't think that it's an invitation for me to make money. There's
756 |512 |00:42:30,320 ~-~-> 00:42:35,000 |no business arrangement with me. Trading view has asked me in the past to have
757 |513 |00:42:35,000 ~-~-> 00:42:38,900 |some kind of partnership. I have declined that I still had the messages.
758 |514 |00:42:39,200 ~-~-> 00:42:43,540 |That's been screenshot. I can load that up on my trading view and show it to
759 |515 |00:42:43,540 ~-~-> 00:42:47,260 |you, but for privacy's sake, I'm not going to disclose the person from
760 |516 |00:42:47,440 ~-~-> 00:42:51,580 |trading view, but I've been honest. I've never had an affiliate with anyone, so
761 |517 |00:42:51,580 ~-~-> 00:42:58,000 |my opinion is always raw. It's honest, and sometimes it's going to be appearing
762 |518 |00:42:58,000 ~-~-> 00:43:01,380 |disrespectful to them. If it's something I don't agree with if I say there's
763 |519 |00:43:01,380 ~-~-> 00:43:04,980 |something that there's a problem with, I don't like it, like, for instance, fxcm,
764 |520 |00:43:05,520 ~-~-> 00:43:08,640 |I think they're a shit broker, and they should have been shut down entirely, not
765 |521 |00:43:08,640 ~-~-> 00:43:12,000 |just moved out of the United States. But that's my opinion, right? That's my
766 |522 |00:43:12,000 ~-~-> 00:43:16,080 |personal experience with them, and I'm glad that the US can't deal with them,
767 |523 |00:43:16,560 ~-~-> 00:43:26,600 |and they did you a favor by leaving Long story short, he has a task of securing
768 |524 |00:43:26,660 ~-~-> 00:43:33,020 |on Black Friday a trading view plan or membership where he has real time data.
769 |525 |00:43:33,140 ~-~-> 00:43:39,260 |So he has what he has a few months, because Black Friday is in November, so
770 |526 |00:43:39,260 ~-~-> 00:43:46,180 |he is not going to need or require live, real time data at all, because I'm I'm
771 |527 |00:43:46,180 ~-~-> 00:43:50,620 |providing that perspective. I'm providing that okay? I'm coaching him
772 |528 |00:43:50,620 ~-~-> 00:43:56,320 |along, and then, because he's doing it with a delayed data, I am pointing at
773 |529 |00:43:56,320 ~-~-> 00:44:01,260 |real time data and a setup that I'm expecting to take a trade on drawing to
774 |530 |00:44:01,260 ~-~-> 00:44:04,320 |a pool of liquidity, whether it be relative equal highs or relative equal
775 |531 |00:44:04,320 ~-~-> 00:44:10,440 |lows, and then he has the benefit of not even having any hindsight advantage,
776 |532 |00:44:10,860 ~-~-> 00:44:14,880 |because he's now, what is it? 1520, I don't even know what the delay is. Okay,
777 |533 |00:44:14,940 ~-~-> 00:44:19,260 |whatever the delay is on trading view, like, if you don't have a membership and
778 |534 |00:44:19,260 ~-~-> 00:44:23,240 |you're looking at the futures chart. I don't know what the time limit or
779 |535 |00:44:23,300 ~-~-> 00:44:28,460 |deferred, uh, delivery of whatever the real time Price is Right now, for me, or
780 |536 |00:44:28,460 ~-~-> 00:44:31,940 |anyone else has real time data versus what trading view shows you like. I
781 |537 |00:44:31,940 ~-~-> 00:44:37,760 |don't personally, I don't know what that is, but Caleb doesn't have any
782 |538 |00:44:37,880 ~-~-> 00:44:43,360 |advantage. He doesn't have any resource to tap into the C, okay, I want to
783 |539 |00:44:43,360 ~-~-> 00:44:46,480 |impress that, but I'm going to cheat, and I'm going to look at a chart that
784 |540 |00:44:46,480 ~-~-> 00:44:49,420 |has real time the I know it's going to go there in the next couple minutes. So
785 |541 |00:44:49,420 ~-~-> 00:44:52,480 |therefore I'm going to trade this, or I'm going to say it's going to do that.
786 |542 |00:44:52,480 ~-~-> 00:44:58,060 |See, he hasn't had any of that. So because of that, he has a unique
787 |543 |00:44:58,060 ~-~-> 00:45:02,100 |perspective as me as his. Dad, I have the experience. I can see it real time
788 |544 |00:45:02,100 ~-~-> 00:45:06,720 |and know what it's most likely going to do more times than it's not. And then I
789 |545 |00:45:06,720 ~-~-> 00:45:12,300 |enter a trade. So he can see dad doing it right. Dad calling it. Dad executing
790 |546 |00:45:12,300 ~-~-> 00:45:16,080 |on it. Dad managing a real stop loss, managing a stop loss throughout, and
791 |547 |00:45:16,080 ~-~-> 00:45:19,980 |then watching the targets get hit, or if it reverses and takes me out with a stop
792 |548 |00:45:19,980 ~-~-> 00:45:24,740 |loss that prematurely and exits the trade. He sees all that stuff, you know,
793 |549 |00:45:24,740 ~-~-> 00:45:29,360 |as it's going I update it constantly as it's going on. But then he has the
794 |550 |00:45:29,360 ~-~-> 00:45:35,780 |ability to see the trade forming with me telling him what I'm doing with my
795 |551 |00:45:35,780 ~-~-> 00:45:41,260 |account, with real time data. And it's a unique learning experience, because,
796 |552 |00:45:41,260 ~-~-> 00:45:45,640 |number one, he has me telling him what I'm doing real time, but then he can
797 |553 |00:45:45,640 ~-~-> 00:45:55,360 |stalk the chart. He can see it as it's forming, knowing that I have placed skin
798 |554 |00:45:55,360 ~-~-> 00:46:02,100 |in the race with my execution. I have faced the save. I have money to lose. I
799 |555 |00:46:02,100 ~-~-> 00:46:08,940 |have profits to make. I have a real management engagement with this idea,
800 |556 |00:46:09,060 ~-~-> 00:46:14,040 |whereas he has just the luxury of I don't have to be right or wrong. I want
801 |557 |00:46:14,040 ~-~-> 00:46:18,900 |to wait and see when the chart presents the things that I'm trying to learn, and
802 |558 |00:46:18,900 ~-~-> 00:46:25,880 |it when it's given to you like that. It's like the best of the best. And for
803 |559 |00:46:25,880 ~-~-> 00:46:30,260 |anybody that has an issue with that, you're an idiot. Okay? Because he has
804 |560 |00:46:30,260 ~-~-> 00:46:35,900 |all of the advantages and none of this disadvantages. He can't lose money. He's
805 |561 |00:46:35,900 ~-~-> 00:46:40,120 |being primed to look at it at the right time. And it's always the same times all
806 |562 |00:46:40,120 ~-~-> 00:46:45,340 |the time, because the market is algorithmic, so it subconsciously trains
807 |563 |00:46:45,340 ~-~-> 00:46:53,980 |him, and he's learning, on the surface level, what he should be feeling and how
808 |564 |00:46:53,980 ~-~-> 00:47:00,540 |he manages expectations over time and until We get to Black Friday, which is
809 |565 |00:47:01,020 ~-~-> 00:47:05,640 |in November, he'll purchase at a discount rate, because trading view
810 |566 |00:47:05,640 ~-~-> 00:47:10,200 |always does a very, very deep discount. And I don't recall how much it is
811 |567 |00:47:10,200 ~-~-> 00:47:16,080 |because I don't worry about price tags, but I bought it at that time because I
812 |568 |00:47:16,080 ~-~-> 00:47:19,560 |realized I was spending full price by buying it in January, and I didn't know
813 |569 |00:47:19,560 ~-~-> 00:47:22,460 |they were doing Black Friday. I don't usually worry about Black Friday sales
814 |570 |00:47:22,460 ~-~-> 00:47:25,820 |stuff. Like, if I want something, I just buy it. And I don't really care to know
815 |571 |00:47:25,820 ~-~-> 00:47:29,060 |what it costs. I don't shop around and try to get a good deal. I don't give a
816 |572 |00:47:29,180 ~-~-> 00:47:32,720 |if I want something, it's in front of if it's in front of me, I'm taking it home
817 |573 |00:47:32,720 ~-~-> 00:47:36,620 |with me. Well, treating you. I'm telling you, if you're buying it any other day,
818 |574 |00:47:36,620 ~-~-> 00:47:41,680 |except for Black Friday, you're wasting money. So there you go. Then you're
819 |575 |00:47:41,740 ~-~-> 00:47:45,880 |probably gonna be mad at me because I said that. But Caleb isn't going to be
820 |576 |00:47:45,880 ~-~-> 00:47:50,140 |spending any money on trading view charting or real time data until that
821 |577 |00:47:50,260 ~-~-> 00:47:55,780 |that month, so the third Friday of November, and then he'll have the
822 |578 |00:47:55,780 ~-~-> 00:47:59,560 |ability to see things real time too. But he has at that time, he has several
823 |579 |00:47:59,560 ~-~-> 00:48:05,160 |months of learning how to anticipate these things that he watched me do like
824 |580 |00:48:05,160 ~-~-> 00:48:08,760 |you did yesterday, but he's been watching me do that for a while, and my
825 |581 |00:48:08,760 ~-~-> 00:48:13,500 |students have been watching me do that for years. It doesn't it doesn't change,
826 |582 |00:48:13,500 ~-~-> 00:48:19,140 |doesn't morph. So let's go into the business. All right. So if you go over
827 |583 |00:48:19,140 ~-~-> 00:48:26,300 |here and you look at my 15 minute chart, I know there's a really long monolog,
828 |584 |00:48:26,300 ~-~-> 00:48:32,420 |but you have no idea how many questions I get and how those types of segments of
829 |585 |00:48:32,420 ~-~-> 00:48:37,220 |my delivery removes a lot of headache, because people get mad at me like I'm
830 |586 |00:48:37,220 ~-~-> 00:48:41,140 |ignoring them, and there are questions and it just it's not about you, Bro,
831 |587 |00:48:41,200 ~-~-> 00:48:45,820 |okay, you're not the only person I'm talking to. And the 15 minute time
832 |588 |00:48:45,820 ~-~-> 00:48:52,120 |frame, what you're doing is you're looking at time first. And let me first
833 |589 |00:48:52,180 ~-~-> 00:48:56,140 |cancel out the confusion I'll probably cause some of you. So here's, here's
834 |590 |00:48:56,140 ~-~-> 00:49:02,160 |seven o'clock in the morning today. All right, you want to put a vertical line
835 |591 |00:49:02,160 ~-~-> 00:49:06,600 |on that. It doesn't need to be a very bold color and like that. You want to
836 |592 |00:49:06,600 ~-~-> 00:49:13,020 |just be able to annotate seven o'clock. Okay, the things I mentioned yesterday
837 |593 |00:49:13,080 ~-~-> 00:49:16,320 |where I said you want to start at seven o'clock in the morning, that's true.
838 |594 |00:49:17,160 ~-~-> 00:49:19,980 |Caleb, you don't want to look at anything prior to seven o'clock
839 |595 |00:49:21,420 ~-~-> 00:49:26,720 |because you are not versed in anything with the London session. I'm not
840 |596 |00:49:26,720 ~-~-> 00:49:32,720 |expanding your your your focus and time beyond the scope of seven o'clock in the
841 |597 |00:49:32,720 ~-~-> 00:49:37,040 |morning New York local time. That's your that's your punch in time. Okay, that's
842 |598 |00:49:37,040 ~-~-> 00:49:41,920 |the earliest you can refer to in price. If we look at now, pay attention to
843 |599 |00:49:41,920 ~-~-> 00:49:44,920 |this. Okay, because this is going to answer the confusion I called yesterday
844 |600 |00:49:45,820 ~-~-> 00:49:50,680 |without really wanting to at seven o'clock in the morning. That begins your
845 |601 |00:49:50,680 ~-~-> 00:49:56,920 |hunt for relative equal highs or relative equal lows. What I meant to
846 |602 |00:49:56,920 ~-~-> 00:50:00,480 |say, but I wasn't very successful or articulate in the way I said it. Okay,
847 |603 |00:50:00,480 ~-~-> 00:50:03,780 |is when I was referring to the London session. You do not this is the part
848 |604 |00:50:03,780 ~-~-> 00:50:07,500 |where I say, this is really important. This is key takeaway information. Do not
849 |605 |00:50:07,500 ~-~-> 00:50:13,380 |look for your relative equal highs or lows prior to seven o'clock Caleb. That
850 |606 |00:50:13,380 ~-~-> 00:50:16,620 |does not mean students that have learned models from me in private mentorship
851 |607 |00:50:16,620 ~-~-> 00:50:19,980 |that they shouldn't be doing an observation on these relative equal
852 |608 |00:50:19,980 ~-~-> 00:50:24,560 |highs. Because if you're looking at prior to anything at seven o'clock in
853 |609 |00:50:24,560 ~-~-> 00:50:27,800 |the morning, what you're really doing is, is you're referring to London
854 |610 |00:50:27,800 ~-~-> 00:50:32,540 |sessions, price data and its profile, not market profile, where it has the
855 |611 |00:50:32,540 ~-~-> 00:50:37,880 |volume, you know, horizontally, okay, like it's something special that that's
856 |612 |00:50:37,880 ~-~-> 00:50:41,260 |not what I'm talking about. Market profile is, is it making the higher low
857 |613 |00:50:41,260 ~-~-> 00:50:48,100 |of the day in London? Is it setting up a consolidation to expansion trend day, or
858 |614 |00:50:48,100 ~-~-> 00:50:52,900 |is it going to be just a trending day? Is it seek and destroy? You know, all
859 |615 |00:50:52,900 ~-~-> 00:50:56,020 |those profiles I taught, they're all my mentorship videos on this YouTube
860 |616 |00:50:56,020 ~-~-> 00:50:58,900 |channel for free. You don't need to pay for them. You don't need to go to
861 |617 |00:50:58,900 ~-~-> 00:51:01,740 |somebody else's five minute trainers. And I promise you, they don't know how
862 |618 |00:51:01,740 ~-~-> 00:51:08,700 |to use them either this reference point at seven o'clock. If you know how to
863 |619 |00:51:08,700 ~-~-> 00:51:12,480 |trade other price action models or ideas that I taught, and you've been with me
864 |620 |00:51:12,480 ~-~-> 00:51:17,280 |as a student for a while, and you do trade London setups as a continuation or
865 |621 |00:51:17,280 ~-~-> 00:51:21,320 |a potential reversal for a London, I'm sorry, a New York session market
866 |622 |00:51:21,320 ~-~-> 00:51:25,880 |reversal profile, where, what that means is London session between two o'clock
867 |623 |00:51:25,880 ~-~-> 00:51:29,720 |and five o'clock in the morning, Eastern Time. That's New York local time always,
868 |624 |00:51:30,260 ~-~-> 00:51:34,880 |if that, if that session time has seen the market drop like we see here. Okay,
869 |625 |00:51:34,880 ~-~-> 00:51:38,720 |if there, if there's going to be a New York session market reversal profile,
870 |626 |00:51:39,080 ~-~-> 00:51:43,660 |that means that they're most likely going to see price trade back above and
871 |627 |00:51:43,660 ~-~-> 00:51:47,740 |overlap all the movement that was started at two o'clock in the morning
872 |628 |00:51:48,280 ~-~-> 00:51:53,980 |here. Well, if you're, if you're a brand new student of mine, or if you've been
873 |629 |00:51:53,980 ~-~-> 00:51:57,280 |familiar with some of my videos, but you just feel confused, and you've never
874 |630 |00:51:57,280 ~-~-> 00:52:01,380 |been able to find a footing on how to start, where to begin. This is what I'm
875 |631 |00:52:01,560 ~-~-> 00:52:06,180 |I'm teaching that to my son, Kayla, because he's in that same boat. He has
876 |632 |00:52:06,180 ~-~-> 00:52:12,000 |familiarity, you know, he he's had top step account, he's done all that stuff,
877 |633 |00:52:12,300 ~-~-> 00:52:16,980 |but he hasn't seen consistency, and he doesn't really know what he's doing to
878 |634 |00:52:17,220 ~-~-> 00:52:21,260 |to this. This is what I'm going to do, that I'm only going to do this. So what
879 |635 |00:52:21,260 ~-~-> 00:52:25,400 |I'm trying to do is I'm stripping it down to the Chrome and saying, This is
880 |636 |00:52:25,400 ~-~-> 00:52:31,340 |what you focus on. You start here. And then when he shows me by his progress
881 |637 |00:52:31,520 ~-~-> 00:52:36,920 |that he understands what I've given at this point here today, then I will
882 |638 |00:52:36,920 ~-~-> 00:52:42,880 |expand his circle of focus and his intentions on other factors of time. But
883 |639 |00:52:42,940 ~-~-> 00:52:49,000 |you don't need anything, honestly, you don't need anything extra outside of
884 |640 |00:52:49,000 ~-~-> 00:52:55,420 |today's stuff, what I'm going to teach today. So in clarity, if you are a
885 |641 |00:52:55,420 ~-~-> 00:52:59,680 |trader that understands day of the week and time of day in London, session
886 |642 |00:52:59,680 ~-~-> 00:53:04,140 |trading and how it can communicate a potential continuation or reversal in
887 |643 |00:53:04,200 ~-~-> 00:53:08,820 |the New York session. You should have been fine with yesterday's commentary,
888 |644 |00:53:08,880 ~-~-> 00:53:13,800 |but for the folks that don't understand how to trade the london session and how
889 |645 |00:53:13,800 ~-~-> 00:53:17,940 |to integrate that with the New York session, and how it works together to
890 |646 |00:53:17,940 ~-~-> 00:53:21,380 |make the daily range, that could have caused you a great deal of confusion.
891 |647 |00:53:21,380 ~-~-> 00:53:25,520 |And I did. I saw a lot of folks in the comment section saying, you kind of like
892 |648 |00:53:26,960 ~-~-> 00:53:31,760 |you made two two statements that are opposed to one another. At one point,
893 |649 |00:53:31,760 ~-~-> 00:53:36,680 |you say, look for relative equal highs and lows prior to seven o'clock in the
894 |650 |00:53:36,680 ~-~-> 00:53:41,020 |morning. And what I'm what I'm talking about is for anyone that wants to look
895 |651 |00:53:41,020 ~-~-> 00:53:44,560 |at the London session, and you understand daily range, and you
896 |652 |00:53:44,560 ~-~-> 00:53:47,380 |understand all the other things I've taught. And you're more of an advanced
897 |653 |00:53:47,380 ~-~-> 00:53:52,300 |trader using my concepts, you can look for setups prior to seven o'clock in the
898 |654 |00:53:52,300 ~-~-> 00:53:56,980 |morning, but if you're brand new, don't even worry about that right now. You
899 |655 |00:53:56,980 ~-~-> 00:54:02,280 |trust me, you don't need anything else prior to seven o'clock in the morning at
900 |656 |00:54:02,280 ~-~-> 00:54:10,020 |all. So for clarity sake and simplicity and to remove all the complications that
901 |657 |00:54:10,020 ~-~-> 00:54:13,680 |you probably thought that was being thrown in there at seven o'clock in the
902 |658 |00:54:13,680 ~-~-> 00:54:16,680 |morning, what you're doing is you're that's your that's your beginning of the
903 |659 |00:54:16,680 ~-~-> 00:54:21,380 |day. You're now starting to look for relative equal highs and lows, and you
904 |660 |00:54:21,380 ~-~-> 00:54:27,440 |start on what time frame first the 15 minute time frame. Okay, so this starts
905 |661 |00:54:27,440 ~-~-> 00:54:31,580 |the hunt for at seven o'clock. Did we create a relative equal high yet? No, we
906 |662 |00:54:31,580 ~-~-> 00:54:36,860 |just have one singular high. Do we have relative equal lows? Don't look at this
907 |663 |00:54:36,860 ~-~-> 00:54:40,040 |because it's before seven o'clock the morning. Don't do that. Don't even refer
908 |664 |00:54:40,040 ~-~-> 00:54:44,680 |to it. The rules are very simple. You're waiting to see relative equal highs and
909 |665 |00:54:44,680 ~-~-> 00:54:56,080 |relative equal lows form after post 7am New York local time. Now these two lows
910 |666 |00:54:56,080 ~-~-> 00:55:04,080 |may be a factor for the five minute chart. I'm. So we're going to go to the
911 |667 |00:55:04,080 ~-~-> 00:55:05,760 |five minute chart. You're going to expand
912 |668 |00:55:11,580 ~-~-> 00:55:18,480 |that all right. So now we do potentially have, if this starts to rally, we don't
913 |669 |00:55:18,480 ~-~-> 00:55:23,660 |have it yet, this could potentially become relative equal lows. Now with
914 |670 |00:55:23,660 ~-~-> 00:55:27,620 |that, all you're dealing is you're making a mental note of it. You're not
915 |671 |00:55:27,620 ~-~-> 00:55:33,800 |annotating your chart because it's not there. You never, never, never lead your
916 |672 |00:55:33,800 ~-~-> 00:55:38,900 |expectations with something that has not actually formed in the chart. Don't
917 |673 |00:55:38,900 ~-~-> 00:55:44,380 |predict the setup. You have to wait for the setup. You have to wait for these
918 |674 |00:55:44,380 ~-~-> 00:55:48,700 |signatures to form in price. You cannot anticipate them. You don't know what
919 |675 |00:55:48,700 ~-~-> 00:55:51,820 |you're doing yet. I can do those types of things. You've watched me do that
920 |676 |00:55:51,820 ~-~-> 00:55:56,500 |with calling inversion fair value gaps before they actually formed. And people
921 |677 |00:55:56,500 ~-~-> 00:56:01,800 |insisted that it was after the fact annotations. It's it's not. So the point
922 |678 |00:56:01,800 ~-~-> 00:56:06,600 |is, is that experience will be given to you by exposure and repetition. That's
923 |679 |00:56:06,600 ~-~-> 00:56:10,620 |the only way you glean the experience. You have to do these things, and they
924 |680 |00:56:10,620 ~-~-> 00:56:14,160 |are monotonous. They're boring. They feel like they're fruitless. In the
925 |681 |00:56:14,160 ~-~-> 00:56:17,880 |beginning, it feels like what am I even doing this for? And that's why I'm
926 |682 |00:56:17,880 ~-~-> 00:56:21,380 |talking to you this way, because you're going to want to not do this. You might
927 |683 |00:56:21,440 ~-~-> 00:56:25,820 |you might do it tonight, today or tomorrow, maybe the rest of this week,
928 |684 |00:56:26,300 ~-~-> 00:56:29,420 |but something's going to happen next week. You're going to want to do
929 |685 |00:56:29,420 ~-~-> 00:56:32,960 |something differently, because it's not making you money. You're not pushing a
930 |686 |00:56:32,960 ~-~-> 00:56:36,800 |demo trade, and you're going to mess up. You're not going to learn, you're not
931 |687 |00:56:36,800 ~-~-> 00:56:40,360 |going to progress, you're not going to understand yourself and what you're
932 |688 |00:56:40,540 ~-~-> 00:56:44,380 |expecting to see in price action because you're not doing enough of it. Just like
933 |689 |00:56:44,380 ~-~-> 00:56:47,320 |working out, everybody can join the gym, but you're not going to stick to the
934 |690 |00:56:47,320 ~-~-> 00:56:50,920 |process of eating well and exercising and sticking to that sticking to that
935 |691 |00:56:50,920 ~-~-> 00:56:54,880 |regimen and that routine to see the results finally come that you're going
936 |692 |00:56:54,880 ~-~-> 00:57:01,080 |to have to wait for those results are a deferred result. Everybody wants to join
937 |693 |00:57:01,080 ~-~-> 00:57:04,920 |a gym and lose 10 pounds in the first two days and feel like I've been I made
938 |694 |00:57:04,920 ~-~-> 00:57:09,300 |the right decision, but you have to submit yourself to the process that
939 |695 |00:57:09,660 ~-~-> 00:57:13,200 |these results that you're wanting, you're going to have to wait for them,
940 |696 |00:57:13,200 ~-~-> 00:57:17,160 |but you're still going to have to do a lot of work every single day, working
941 |697 |00:57:17,160 ~-~-> 00:57:21,020 |towards those results that will come later On. That's the problem with
942 |698 |00:57:21,020 ~-~-> 00:57:25,160 |millennial mindset and trading all of you Millennials out there that are
943 |699 |00:57:25,160 ~-~-> 00:57:33,500 |trying to be substantial or significant in this community, you're rushing to try
944 |700 |00:57:33,500 ~-~-> 00:57:38,840 |to be significant with no talent, no skill or understanding and no prowess.
945 |701 |00:57:39,740 ~-~-> 00:57:43,720 |And if you do what I'm teaching you today, you'll get that for real and
946 |702 |00:57:43,720 ~-~-> 00:57:48,040 |honestly, and in that skill set, no one can take it away from you. I won't be
947 |703 |00:57:48,040 ~-~-> 00:57:50,980 |able to talk down to you. No one else will be able to talk down to you,
948 |704 |00:57:50,980 ~-~-> 00:57:54,520 |because you'll be able to carry yourself with a with a skill set that no one can
949 |705 |00:57:54,520 ~-~-> 00:57:58,900 |strip away or diminish and that's what everybody should aspire to have. But I'm
950 |706 |00:57:58,900 ~-~-> 00:58:01,920 |promising you're not going to get it quick, five minute trainer videos. Five
951 |707 |00:58:01,920 ~-~-> 00:58:05,580 |Minute mentorship, guys, they're not going to get you there. Okay, this is
952 |708 |00:58:05,580 ~-~-> 00:58:10,980 |the way you get there. It's blood, sweat and tears. It's doing these very boring
953 |709 |00:58:10,980 ~-~-> 00:58:16,320 |observations. So post seven o'clock, you're scanning through looking for
954 |710 |00:58:16,320 ~-~-> 00:58:20,480 |relative equal highs and relative equal lows. We can't refer that low because
955 |711 |00:58:20,480 ~-~-> 00:58:24,440 |it's before seven o'clock in the morning. So we go down to a one minute
956 |712 |00:58:24,440 ~-~-> 00:58:30,560 |chart. I'm just going to toggle through on on the chart itself. And here is the
957 |713 |00:58:30,560 ~-~-> 00:58:39,200 |seven o'clock delineation, and you're looking for relative equal highs. Now
958 |714 |00:58:39,200 ~-~-> 00:58:44,140 |these have already happened, okay? So that's something that you could have
959 |715 |00:58:44,140 ~-~-> 00:58:47,140 |observed at the time, at seven o'clock. We weren't here, obviously, at seven
960 |716 |00:58:47,140 ~-~-> 00:58:52,480 |o'clock, but it ran through there. So what did this do? Okay, think about what
961 |717 |00:58:52,480 ~-~-> 00:58:58,600 |I was talking about yesterday. There's two different characteristics in price
962 |718 |00:58:58,600 ~-~-> 00:59:06,000 |delivery that is a very, very simple perception of what price has done. It
963 |719 |00:59:06,000 ~-~-> 00:59:12,720 |took an area that's smooth and made it jagged. So what happened here? This was
964 |720 |00:59:12,720 ~-~-> 00:59:18,540 |an engagement for liquidity. So what did it do? It took buy side. After it took
965 |721 |00:59:18,540 ~-~-> 00:59:25,340 |that buy side, where did it go? Directionally lower. So if it's done
966 |722 |00:59:25,340 ~-~-> 00:59:29,780 |this type of work, then you have to go back through this price like from here
967 |723 |00:59:30,080 ~-~-> 00:59:37,280 |down to there, see that? So what you're going to wait for is something after
968 |724 |00:59:37,280 ~-~-> 00:59:42,580 |seven o'clock in the morning to create relative equal lows. It could rally up,
969 |725 |00:59:43,180 ~-~-> 00:59:47,920 |and then these relative equal lows could be the setup for a run lower. And if it
970 |726 |00:59:47,920 ~-~-> 00:59:50,860 |goes below these relative equal lows, and I'm not saying it's there yet,
971 |727 |00:59:50,860 ~-~-> 00:59:54,580 |because we're not, I'm not trying to push that on you today, but these are
972 |728 |00:59:54,580 ~-~-> 00:59:59,800 |the things you're doing as you're watching the chart you're observing. And
973 |729 |00:59:59,800 ~-~-> 01:00:03,240 |we're. Referring. So if these become relative equal lows, and it rallies
974 |730 |01:00:03,240 ~-~-> 01:00:07,680 |higher than this high here, these become relative equal lows, and if it wants to
975 |731 |01:00:07,680 ~-~-> 01:00:15,240 |go below that, how far can it go? Refer over there? That's not the same thing as
976 |732 |01:00:15,420 ~-~-> 01:00:19,080 |looking at relative equal lows before seven o'clock. You're just looking for
977 |733 |01:00:19,080 ~-~-> 01:00:23,000 |liquidity, for the sake of this simple liquidity, and you're referring to how
978 |734 |01:00:23,000 ~-~-> 01:00:26,660 |far can it go beyond relative equal highs or relative equal lows. You gotta
979 |735 |01:00:26,660 ~-~-> 01:00:30,980 |look at market structure outside this parameter. But initially, all you're
980 |736 |01:00:30,980 ~-~-> 01:00:38,540 |looking for is to get a draw or a short term bias on to on a time frame, whether
981 |737 |01:00:38,540 ~-~-> 01:00:43,240 |it be 15, five or, in this case, one minute chart, where it affords you
982 |738 |01:00:43,300 ~-~-> 01:00:50,560 |movement. You're watching to see how it attacks or tracks to a relative equal
983 |739 |01:00:50,560 ~-~-> 01:00:56,020 |low or relative equal high. We already see that. They've done some work up
984 |740 |01:00:56,020 ~-~-> 01:01:00,300 |here. There was a shark frenzy. Okay? There's blood in the water up here. We
985 |741 |01:01:00,300 ~-~-> 01:01:04,320 |don't want to trade up into that. We don't want to we don't want to trade
986 |742 |01:01:04,320 ~-~-> 01:01:09,840 |into this because they've already done a lot of things in here. So what we're
987 |743 |01:01:09,840 ~-~-> 01:01:16,020 |doing is we want to see it, try to make an attempt to run out some kind of a
988 |744 |01:01:16,200 ~-~-> 01:01:21,740 |relative equal level. That's what you start with. It doesn't mean you're
989 |745 |01:01:21,740 ~-~-> 01:01:24,620 |right. It doesn't mean it's going to pan out. It's just that's what you start
990 |746 |01:01:24,620 ~-~-> 01:01:28,160 |with. That's the process. So you work from the 15 minute time frame. Look for
991 |747 |01:01:28,160 ~-~-> 01:01:31,640 |relative equal highs, relative equal lows after seven o'clock in the morning,
992 |748 |01:01:32,180 ~-~-> 01:01:35,900 |even if you see them obviously right before seven o'clock or during the
993 |749 |01:01:35,900 ~-~-> 01:01:40,840 |London session, ignore them. All you're trying to do is learn how to encapsulate
994 |750 |01:01:40,840 ~-~-> 01:01:47,800 |price action. If this price all say all this price action here was over the
995 |751 |01:01:47,800 ~-~-> 01:01:53,080 |course of, I don't know, 15 minute time frames or 30 minute time frames. And
996 |752 |01:01:53,140 ~-~-> 01:01:57,160 |this was the close at four o'clock in the afternoon New York time. What that
997 |753 |01:01:57,160 ~-~-> 01:02:01,020 |would indicate is that this was the daily range. It created the Judah swing
998 |754 |01:02:01,020 ~-~-> 01:02:05,460 |here, it dropped down and it came off the low to close near the low today,
999 |755 |01:02:07,800 ~-~-> 01:02:12,600 |that's power three. You're going to discover that every single time you sit
1000 |756 |01:02:12,600 ~-~-> 01:02:16,560 |down and you look at the am session, you're essentially looking for that to
1001 |757 |01:02:16,560 ~-~-> 01:02:22,940 |form. You're looking for some fake manipulation that creates all this
1002 |758 |01:02:22,940 ~-~-> 01:02:27,500 |animation, and it does the harmful work of hurting people and putting them out
1003 |759 |01:02:27,500 ~-~-> 01:02:30,260 |of a trade that would have been profitable, or putting them in a
1004 |760 |01:02:30,260 ~-~-> 01:02:35,300 |direction that's not right. And now they're trapped long in this case, and
1005 |761 |01:02:35,300 ~-~-> 01:02:41,020 |then they rake them across the coals and drop it lower, so you're looking for
1006 |762 |01:02:41,080 ~-~-> 01:02:45,400 |where the retail or Street Money, Street Money trader is going to be, or less
1007 |763 |01:02:45,400 ~-~-> 01:02:48,880 |informed trader they're going to be looking for support and resistance. I'm
1008 |764 |01:02:48,880 ~-~-> 01:02:52,480 |not a support and resistance trader. I don't teach my students to trade support
1009 |765 |01:02:52,480 ~-~-> 01:02:56,860 |and resistance. We look for liquidity and inefficiencies. And when you go
1010 |766 |01:02:56,860 ~-~-> 01:03:00,780 |through the process of looking for all of the relative equal highs and relative
1011 |767 |01:03:00,780 ~-~-> 01:03:04,620 |equal lows on the 15 minute the five minute and one minute chart, once you
1012 |768 |01:03:04,620 ~-~-> 01:03:08,160 |have either panned through and either identified what's available on any one
1013 |769 |01:03:08,220 ~-~-> 01:03:13,740 |of those time frames, or if there is none that's obvious, then what you do is
1014 |770 |01:03:13,740 ~-~-> 01:03:16,560 |you go through your charts and you annotate all of the inefficiencies, and
1015 |771 |01:03:16,560 ~-~-> 01:03:19,740 |we're going to work our way back up. So right now, we're on the one minute
1016 |772 |01:03:19,740 ~-~-> 01:03:27,080 |chart. So this would be like this. You see this. There is no volume imbalance
1017 |773 |01:03:27,080 ~-~-> 01:03:31,040 |in here. So you're going to start right the candles low, drop it down to the
1018 |774 |01:03:31,040 ~-~-> 01:03:34,640 |very next candle after the big, long down close candle. What kind of
1019 |775 |01:03:34,640 ~-~-> 01:03:38,660 |candlestick? Fair value gap is this? It has a down close. What did I teach you
1020 |776 |01:03:38,660 ~-~-> 01:03:42,640 |yesterday? A down close fair value gap is a city
1021 |777 |01:03:54,280 ~-~-> 01:04:00,240 |stands for sell side imbalance, buy side inefficiency. That means it offered
1022 |778 |01:04:00,240 ~-~-> 01:04:06,180 |delivery on the downside, it's inefficient in any movement back up
1023 |779 |01:04:06,180 ~-~-> 01:04:10,620 |inside that same range that creates this one single pass through until you get
1024 |780 |01:04:10,620 ~-~-> 01:04:13,680 |into this area here. So that's the furthest we weren't back up into this
1025 |781 |01:04:13,680 ~-~-> 01:04:19,320 |range, right there. So it's inefficient by characteristic and definition.
1026 |782 |01:04:19,620 ~-~-> 01:04:23,180 |Anything above this high up to this candle sticks low, right there that
1027 |783 |01:04:23,180 ~-~-> 01:04:28,400 |candlesticks low. All of that is inefficient and is inviting the
1028 |784 |01:04:28,400 ~-~-> 01:04:31,880 |opportunity for price to want to trade up into. It doesn't mean it's going to
1029 |785 |01:04:31,880 ~-~-> 01:04:34,760 |happen right now, doesn't it's going to happen this session, but that's the
1030 |786 |01:04:34,760 ~-~-> 01:04:40,300 |characteristic. Then you have this one in here. We've already worked this one
1031 |787 |01:04:40,300 ~-~-> 01:04:44,440 |there. So there's a small little section between that candles low and that
1032 |788 |01:04:44,440 ~-~-> 01:04:50,980 |candles high. Maybe you didn't see it. Maybe you did. If you didn't, don't beat
1033 |789 |01:04:50,980 ~-~-> 01:04:56,200 |yourself up about it. I've been doing it for a long time, but your aisle jumped
1034 |790 |01:04:56,200 ~-~-> 01:04:59,740 |to these little gaps and these small little inefficiencies, where they where
1035 |791 |01:04:59,740 ~-~-> 01:05:03,180 |they. Seem insignificant to you right now, like, really? Why would you even
1036 |792 |01:05:03,240 ~-~-> 01:05:08,160 |highlight that? That's like nothing, meaning that from this candle is high
1037 |793 |01:05:08,160 ~-~-> 01:05:12,600 |and that candles low, essentially, this is what's remaining in that, that
1038 |794 |01:05:12,600 ~-~-> 01:05:15,660 |little, small section. And I'm telling you, I've entered trades and recorded
1039 |795 |01:05:15,660 ~-~-> 01:05:19,800 |myself doing it with real money and shared it with you where I've used
1040 |796 |01:05:19,800 ~-~-> 01:05:23,420 |levels just like that, and place limit orders just below it to get filled, and
1041 |797 |01:05:23,420 ~-~-> 01:05:26,900 |it never has any significant drawdown, and just runs and takes off. Goes to my
1042 |798 |01:05:26,900 ~-~-> 01:05:30,920 |limit order for target. If you're a student of mine, you're in private
1043 |799 |01:05:30,920 ~-~-> 01:05:34,820 |mentorship, you've seen some of those things lots of times, actually. And then
1044 |800 |01:05:34,880 ~-~-> 01:05:40,780 |over here, this inefficiency, let me fix this, because I always want to refer to
1045 |801 |01:05:40,780 ~-~-> 01:05:46,360 |refer to the original fair value gap, but noting what level of inefficiency
1046 |802 |01:05:46,360 ~-~-> 01:05:49,900 |still available. That means a small little section between this candle is
1047 |803 |01:05:49,900 ~-~-> 01:05:56,020 |high and that candle is low, right there. So I always keep the original
1048 |804 |01:05:56,020 ~-~-> 01:06:01,200 |fair value gaps the levels, because they're key. They can be used again.
1049 |805 |01:06:01,260 ~-~-> 01:06:05,580 |They're influential. It's not so much that I'm only looking for the remaining
1050 |806 |01:06:05,580 ~-~-> 01:06:09,900 |unfilled portion. I am aware of seeing that because I'm I can see the
1051 |807 |01:06:09,900 ~-~-> 01:06:13,200 |difference between the high at the fair value gap and this high of that candle.
1052 |808 |01:06:13,500 ~-~-> 01:06:19,860 |So I'm not trying to make any special, distinct, distinguishing note of it. But
1053 |809 |01:06:19,860 ~-~-> 01:06:23,240 |in my mind subconscious. I know that, that if I'm going to go back to that it
1054 |810 |01:06:23,240 ~-~-> 01:06:27,620 |may go back here, just to tap the high of it, and then it'll be it, or if it
1055 |811 |01:06:27,620 ~-~-> 01:06:33,080 |goes above, it comes back down. Then I could use this candles wick and halfway
1056 |812 |01:06:33,080 ~-~-> 01:06:36,260 |point of it, that's how far I can retrace back down into it. And it
1057 |813 |01:06:36,320 ~-~-> 01:06:41,500 |becomes an inversion, fair value gap when I have a candlestick like this.
1058 |814 |01:06:41,740 ~-~-> 01:06:46,780 |Okay, when you're annotating your inefficiencies, we have this one here.
1059 |815 |01:06:47,260 ~-~-> 01:06:56,980 |There's no volume imbalance up in this segment to here. Is that accurate? Look
1060 |816 |01:06:56,980 ~-~-> 01:07:07,980 |closely. All uh, what's wrong? The low of it needs to incorporate that volume
1061 |817 |01:07:07,980 ~-~-> 01:07:10,980 |imbalance right there. The volume imbalance is as if the separation
1062 |818 |01:07:10,980 ~-~-> 01:07:16,860 |between one candlesticks body and the very next subsequent candlestick, if the
1063 |819 |01:07:16,860 ~-~-> 01:07:21,920 |bodies don't overlap, or at least touch, there's a volume imbalance there. I'm,
1064 |820 |01:07:21,980 ~-~-> 01:07:25,880 |I'm quite certain you're not going to see any information about that unless
1065 |821 |01:07:25,880 ~-~-> 01:07:29,900 |someone else wrote a book about my concepts. And this is, this is new
1066 |822 |01:07:29,900 ~-~-> 01:07:34,160 |stuff, okay, I introduced it to the community, and it is very, very
1067 |823 |01:07:34,160 ~-~-> 01:07:37,580 |influential in terms of reading, price action, in terms of precision elements,
1068 |824 |01:07:38,000 ~-~-> 01:07:44,260 |you have to incorporate that. That is your your fair value gap. Why? Because
1069 |825 |01:07:44,260 ~-~-> 01:07:49,840 |the wicks are not the true narrative. That's where the damage can be done.
1070 |826 |01:07:50,080 ~-~-> 01:07:54,760 |It's like your child that colors with a crayon in a coloring book. They color
1071 |827 |01:07:54,760 ~-~-> 01:07:59,500 |sometimes outside the lines. You know that they messed that up, but you're not
1072 |828 |01:07:59,500 ~-~-> 01:08:03,600 |going to sit down say, Look here. Look here, Billy. I don't know how many times
1073 |829 |01:08:03,600 ~-~-> 01:08:06,720 |I gotta give you this lesson, but you will not be eating dinner tonight
1074 |830 |01:08:06,900 ~-~-> 01:08:11,760 |because you colored outside that picture again, sure, sure, sure. You'll do a
1075 |831 |01:08:11,760 ~-~-> 01:08:15,660 |better job next time. But right now, it's no dinner. You're not going to
1076 |832 |01:08:15,660 ~-~-> 01:08:23,120 |treat your son like that. If you do, you need to get stomped. But if you see your
1077 |833 |01:08:23,120 ~-~-> 01:08:28,100 |child do that and it colors outside the line, what do you do? Oh, he colored a
1078 |834 |01:08:28,100 ~-~-> 01:08:31,760 |picture for dad or mom, and you put it on your refrigerator, or you take it to
1079 |835 |01:08:31,760 ~-~-> 01:08:35,900 |work, and you're hanging in your cubicle because you're proud of them, right?
1080 |836 |01:08:36,560 ~-~-> 01:08:39,920 |Because you know that that's just an aberration. It's just something that
1081 |837 |01:08:39,920 ~-~-> 01:08:46,300 |just happened, and it's not a big deal. Well, that's how I look at Wix. Yes, the
1082 |838 |01:08:46,300 ~-~-> 01:08:50,320 |algorithm repriced up into there a little bit. That's fine. Where's the
1083 |839 |01:08:50,320 ~-~-> 01:08:58,480 |body, right there. So volume imbalances here. This is the stuff you're supposed
1084 |840 |01:08:58,480 ~-~-> 01:09:01,860 |to be writing down, folks. If you're just listening potato chips, you're
1085 |841 |01:09:01,860 ~-~-> 01:09:07,680 |completely oblivious to what's being introduced to you. The volume imbalance
1086 |842 |01:09:08,280 ~-~-> 01:09:13,380 |tells you to ignore any of the wick. This wick will not be all that
1087 |843 |01:09:13,380 ~-~-> 01:09:17,760 |influential, whereas, if you were without a volume imbalance in here, let
1088 |844 |01:09:17,760 ~-~-> 01:09:20,660 |me zoom in, because I really want you to see what I'm talking about, because I'm
1089 |845 |01:09:20,660 ~-~-> 01:09:23,600 |not sure if you can see it. Well, some of you guys are trying to learn this on
1090 |846 |01:09:23,600 ~-~-> 01:09:29,300 |your smartphone, and I've got students in prison that are studying, and they're
1091 |847 |01:09:29,300 ~-~-> 01:09:34,880 |like, Man, I wish you could zoom in this, brother. Just read my mind. How
1092 |848 |01:09:34,880 ~-~-> 01:09:39,380 |you like that. So that's the volume of balance, right there. Okay, so if you
1093 |849 |01:09:39,380 ~-~-> 01:09:43,780 |have a fair value gap or an imbalance, and it has a volume imbalance in it. Any
1094 |850 |01:09:43,780 ~-~-> 01:09:47,560 |wick inside the fair value gap just completely nullify any intention on
1095 |851 |01:09:47,560 ~-~-> 01:09:53,740 |that. Now find that in your textbooks, find that in your rip off ICT
1096 |852 |01:09:53,740 ~-~-> 01:09:56,440 |mentorship, five minute training guys, they're not going to tell you that
1097 |853 |01:09:56,440 ~-~-> 01:10:01,380 |insight, because they didn't make it so the. Diamond bounce right there that
1098 |854 |01:10:01,380 ~-~-> 01:10:06,420 |tells you, if you have that in any wick in there, just completely disregard it.
1099 |855 |01:10:08,160 ~-~-> 01:10:12,180 |Only if it's a wick that's that's below the consequent encroachment, which is
1100 |856 |01:10:12,180 ~-~-> 01:10:17,100 |the halfway point here. So any week wick that reaches up to that level or less,
1101 |857 |01:10:17,280 ~-~-> 01:10:21,260 |ignore any of those wicks. You have to take it to the body of the candle. Okay,
1102 |858 |01:10:21,260 ~-~-> 01:10:27,920 |so that gives you the true, real fair value gap, or, in this case, a city sell
1103 |859 |01:10:27,920 ~-~-> 01:10:32,600 |side imbalance, by signing efficiency. All right, so that's the business there,
1104 |860 |01:10:32,600 ~-~-> 01:10:36,860 |and extend it out in time, and the market goes right up to that high and
1105 |861 |01:10:36,860 ~-~-> 01:10:42,700 |then folds and creates what right here? What is this? That's that fair value gap
1106 |862 |01:10:42,700 ~-~-> 01:10:46,060 |between this low and this candle is high, and you see it trade right up into
1107 |863 |01:10:46,060 ~-~-> 01:10:50,440 |consequent encouragement plus a little bit more. Why? Why? Because the
1108 |864 |01:10:50,440 ~-~-> 01:10:55,720 |algorithm is affording anyone that uses this information, that uses this level
1109 |865 |01:10:55,780 ~-~-> 01:11:02,160 |as a entry point, they have to offer them the spread, right? Or they won't
1110 |866 |01:11:02,160 ~-~-> 01:11:05,100 |get their fill, and that's why you get this little bump right above right
1111 |867 |01:11:05,100 ~-~-> 01:11:09,600 |there. But you're going to be told that that's buying pressure. The buying
1112 |868 |01:11:09,600 ~-~-> 01:11:14,940 |pressure just happens to stop at levels of precision that fit inside the
1113 |869 |01:11:14,940 ~-~-> 01:11:18,900 |narrative that I've proven to you over and over and over again with live price
1114 |870 |01:11:18,900 ~-~-> 01:11:26,120 |action before it happens, folks, as we go through this, that onion, okay, that
1115 |871 |01:11:26,120 ~-~-> 01:11:31,820 |sits in the the skull of yours that you think is a brain. I'm gonna be peeling
1116 |872 |01:11:31,820 ~-~-> 01:11:35,300 |back those layers and getting rid of all that crusty shit, okay, when you get
1117 |873 |01:11:35,300 ~-~-> 01:11:38,480 |down to the Sweet kernel in the middle, and you're gonna find out that there
1118 |874 |01:11:38,480 ~-~-> 01:11:42,380 |really is an algorithm, and it really is absolutely 100% manipulated and
1119 |875 |01:11:42,380 ~-~-> 01:11:45,640 |controlled in and controlled and scripted, until they manually intervene,
1120 |876 |01:11:46,060 ~-~-> 01:11:50,860 |and then it seems like the markets are random. The markets are controlled by
1121 |877 |01:11:50,860 ~-~-> 01:11:56,260 |buying and selling pressure. Wrong, absolutely not. So you have all these
1122 |878 |01:11:56,260 ~-~-> 01:12:00,660 |levels here, and I'm gonna leave it up to you to have a color scheme that you
1123 |879 |01:12:00,660 ~-~-> 01:12:05,100 |like, okay, meaning that you're going to come up with the scheme fix that.
1124 |880 |01:12:05,100 ~-~-> 01:12:09,180 |Because people are always like, can you show us the colors that you use for your
1125 |881 |01:12:09,180 ~-~-> 01:12:11,940 |candlesticks? I get nervous when I see stuff like that, because I know
1126 |882 |01:12:11,940 ~-~-> 01:12:15,660 |invariably, what that means is there's somebody that wants it start putting
1127 |883 |01:12:15,660 ~-~-> 01:12:21,020 |their charts out like mine, and they want to put my videos and clips and
1128 |884 |01:12:21,020 ~-~-> 01:12:24,260 |whatever on their Instagram or their other social media, whatever, and
1129 |885 |01:12:24,260 ~-~-> 01:12:27,860 |pretend that they did these trades when I'm recording myself doing them, and
1130 |886 |01:12:27,860 ~-~-> 01:12:31,880 |then they can't show something after the fact or explain it in hindsight, because
1131 |887 |01:12:31,880 ~-~-> 01:12:35,360 |now they know that the move happened, they can't have their charts look like
1132 |888 |01:12:35,360 ~-~-> 01:12:40,180 |mine because they won't match the color. So it creates a problem for them, and
1133 |889 |01:12:40,180 ~-~-> 01:12:46,600 |they're fraud, so I don't sit down and try to show you the actual hue or color
1134 |890 |01:12:46,600 ~-~-> 01:12:54,340 |of here. In fact, this these charts may actually become a different color, and
1135 |891 |01:12:54,940 ~-~-> 01:12:58,840 |the background may change also, because it's starting to bottom my eyes, and
1136 |892 |01:12:58,900 ~-~-> 01:13:05,040 |even with the blue filters that have on, it's still, it's a little irritated, but
1137 |893 |01:13:05,100 ~-~-> 01:13:09,060 |you want to go through the charts and you want to highlight these things. And
1138 |894 |01:13:10,140 ~-~-> 01:13:19,320 |since we have done this work up here, where we had relative equal highs here
1139 |895 |01:13:19,740 ~-~-> 01:13:24,560 |and here, but did I teach you yesterday? How do you know it's a high probability
1140 |896 |01:13:24,560 ~-~-> 01:13:30,440 |relative equal high when the right side that is identified as a potential
1141 |897 |01:13:31,580 ~-~-> 01:13:36,680 |turning point for a quote, unquote potential relative equal, high, the
1142 |898 |01:13:36,680 ~-~-> 01:13:41,500 |right one is going to be slightly lower than the one on the left.
1143 |899 |01:13:43,180 ~-~-> 01:13:48,160 |We have that here. We don't even need to see this ahead of time. We just need to
1144 |900 |01:13:48,160 ~-~-> 01:13:52,840 |see, okay, it ran that. And you might, you might identify it after it does that
1145 |901 |01:13:52,840 ~-~-> 01:13:59,500 |run there, and then you start seeing it break down. See that at the turning
1146 |902 |01:13:59,500 ~-~-> 01:14:05,760 |points, or potential turning points like this. Okay, this is where, and I'm going
1147 |903 |01:14:05,760 ~-~-> 01:14:09,900 |to refer to this in my book with this lecture here, I've taught and introduced
1148 |904 |01:14:09,960 ~-~-> 01:14:15,360 |inversion fair value gaps on Twitter spaces last year. Okay, all of my PD
1149 |905 |01:14:15,360 ~-~-> 01:14:20,340 |arrays have an inversion aspect to every single one of them. Every single one of
1150 |906 |01:14:20,340 ~-~-> 01:14:26,960 |them can reverse their role, every single one of them, but it's not easy
1151 |907 |01:14:26,960 ~-~-> 01:14:30,260 |for you, and it's not easy for people that want to try to teach my stuff for
1152 |908 |01:14:30,260 ~-~-> 01:14:33,860 |money when you're actually getting it right from the source here for free.
1153 |909 |01:14:34,400 ~-~-> 01:14:38,420 |It's not easy for them to be able to teach that, because I've never went into
1154 |910 |01:14:38,420 ~-~-> 01:14:42,220 |great detail like I will in the books, so that way it kind of bridges the gap.
1155 |911 |01:14:42,220 ~-~-> 01:14:46,300 |And then you'll see everybody start teaching it then. But this is a note
1156 |912 |01:14:46,300 ~-~-> 01:14:51,160 |that's real important for you. Okay, inversion, fair value gaps, the highest
1157 |913 |01:14:51,160 ~-~-> 01:14:55,720 |form of precision, the ones that are really, really trustworthy, the ones
1158 |914 |01:14:55,720 ~-~-> 01:15:00,360 |that have the highest degree of working in your favor, depends. On your
1159 |915 |01:15:00,360 ~-~-> 01:15:04,320 |understanding of what I taught you yesterday, and I'm what I'm building on
1160 |916 |01:15:04,320 ~-~-> 01:15:10,260 |here, whereas we have an area that's smooth after seven o'clock, so the seven
1161 |917 |01:15:10,260 ~-~-> 01:15:15,420 |o'clock in the morning starts the am session. So now you start hunting on the
1162 |918 |01:15:16,080 ~-~-> 01:15:19,560 |15 minute time frame, the five minute time frame and the one minute time
1163 |919 |01:15:19,560 ~-~-> 01:15:23,540 |frame, you're hunting relative equal highs and lows to form after seven
1164 |920 |01:15:23,540 ~-~-> 01:15:26,960 |o'clock. But we have that here. You may not have had the experience to
1165 |921 |01:15:26,960 ~-~-> 01:15:31,520 |anticipate this run up. That's fine. You don't need it. You don't need it.
1166 |922 |01:15:31,520 ~-~-> 01:15:36,860 |Remember when I first taught breakers, I thought that on baby pips back in 2011 I
1167 |923 |01:15:36,860 ~-~-> 01:15:48,700 |think it was 2011 if it wasn't, it wasn't 2012 the the idea of waiting for
1168 |924 |01:15:48,700 ~-~-> 01:15:54,940 |a stop run and then wait for the market to come back down in to the range prior
1169 |925 |01:15:55,000 ~-~-> 01:16:01,200 |to all that run up, and then wait for the bearish breaker. In this case, the
1170 |926 |01:16:01,200 ~-~-> 01:16:08,280 |bearish breaker is this candle, and this candle, the most sensitivity, is going
1171 |927 |01:16:08,280 ~-~-> 01:16:14,220 |to come inside of the most lowest down, closed candle prior to the run up,
1172 |928 |01:16:14,760 ~-~-> 01:16:18,960 |because you have a high, a low, and then you have the stock hunt, and then the
1173 |929 |01:16:18,960 ~-~-> 01:16:27,380 |reversal. Well, that's trading with a breaker inversion fair value gaps. If
1174 |930 |01:16:27,380 ~-~-> 01:16:32,300 |you have a gap inside of the range, that creates the bearish breaker, as we have
1175 |931 |01:16:32,300 ~-~-> 01:16:37,580 |here. Now remember what I tell you, a down close candle. That is a fair value
1176 |932 |01:16:37,580 ~-~-> 01:16:43,720 |gap. Is a city, a up close candle right here. This is the opposite which is a
1177 |933 |01:16:43,720 ~-~-> 01:16:50,740 |busy B, i, s, I buy side imbalance, sell side inefficiency. Now this is going to
1178 |934 |01:16:50,740 ~-~-> 01:16:55,360 |be a huge step in understanding narrative and understanding directional
1179 |935 |01:16:55,360 ~-~-> 01:17:02,820 |bias and also reversal patterns. This fair value gap here, if you don't
1180 |936 |01:17:02,820 ~-~-> 01:17:07,620 |understand you're looking for and you don't have the element of time Dave, and
1181 |937 |01:17:07,620 ~-~-> 01:17:13,740 |you trade back down into this fair value gap, you might be lulled into thinking,
1182 |938 |01:17:13,740 ~-~-> 01:17:16,680 |well, wow. You know, this is an opportunity for me to take on those ICT
1183 |939 |01:17:16,680 ~-~-> 01:17:23,960 |fair value gap buys. And go long, and then it's to your detriment that it
1184 |940 |01:17:23,960 ~-~-> 01:17:28,820 |reverses and collapses on you. Understanding that it's seven o'clock
1185 |941 |01:17:29,120 ~-~-> 01:17:34,820 |post seven o'clock, we have relative equal highs. It rallies after remember
1186 |942 |01:17:34,820 ~-~-> 01:17:38,480 |the new week opening gap I talked about yesterday. You're going to discover,
1187 |943 |01:17:38,900 ~-~-> 01:17:43,180 |Caleb, that your model is going to be gravitating towards those new week
1188 |944 |01:17:43,180 ~-~-> 01:17:47,260 |opening gaps. That's your model. You're going to be trading in that direction.
1189 |945 |01:17:47,500 ~-~-> 01:17:52,300 |But before we get to that, you have to be able to look at small, small, small
1190 |946 |01:17:52,360 ~-~-> 01:17:57,820 |fluctuations around segments of time that will have a repeating phenomena
1191 |947 |01:17:58,060 ~-~-> 01:18:05,880 |that they all look very similar to one another. It's a fractal, okay, but the
1192 |948 |01:18:05,880 ~-~-> 01:18:13,260 |fractal element is only repeating and verifiable on the time frames I'm
1193 |949 |01:18:13,440 ~-~-> 01:18:16,380 |teaching you to focus on right now. We're not going anything higher than the
1194 |950 |01:18:16,380 ~-~-> 01:18:20,160 |15 minute time frame, but this buy sign and balance, sell sign and efficiency,
1195 |951 |01:18:20,520 ~-~-> 01:18:26,600 |that fair value gap is going to have a role reversal, where everyone else that
1196 |952 |01:18:26,600 ~-~-> 01:18:35,660 |thinks they understand it because they didn't introduce to it lightly. That is
1197 |953 |01:18:35,660 ~-~-> 01:18:44,020 |an inversion fair value gap. So the market creates this fair value gap after
1198 |954 |01:18:44,380 ~-~-> 01:18:50,680 |this run here. You don't want to use that as a buy. We're so elongated and
1199 |955 |01:18:50,680 ~-~-> 01:18:56,140 |stretched out from London, and it's past seven o'clock in the morning. So now
1200 |956 |01:18:56,140 ~-~-> 01:19:00,540 |we're in an am session. Am session characteristic is always first and
1201 |957 |01:19:00,540 ~-~-> 01:19:05,280 |foremost characteristic is re trade back into the London range. The London range
1202 |958 |01:19:05,280 ~-~-> 01:19:08,100 |is whatever the highest high and the lowest low was between two o'clock in
1203 |959 |01:19:08,100 ~-~-> 01:19:11,400 |the morning and five o'clock in the morning, Eastern Standard Time. Now I'm
1204 |960 |01:19:11,400 ~-~-> 01:19:16,200 |going to slow things down here, because already, I already know some of your
1205 |961 |01:19:16,200 ~-~-> 01:19:19,140 |your heads are spinning like, Dude, you said this is going to be easy. You're
1206 |962 |01:19:19,140 ~-~-> 01:19:24,740 |not complicated. But what I just said is not complicated. You have to look at
1207 |963 |01:19:24,740 ~-~-> 01:19:31,940 |these specific times of the day. So if we're anticipating a rally up because of
1208 |964 |01:19:31,940 ~-~-> 01:19:35,300 |these relative equal highs, and it's after seven o'clock in the morning, and
1209 |965 |01:19:35,300 ~-~-> 01:19:40,160 |it creates this type of reversal scenario where it breaks down, your eyes
1210 |966 |01:19:40,160 ~-~-> 01:19:45,880 |should go right to are we looking for relative equal highs or relative equal
1211 |967 |01:19:45,880 ~-~-> 01:19:52,480 |lows, or are we looking for inefficiencies? You have to go with what
1212 |968 |01:19:52,480 ~-~-> 01:19:57,280 |the charts giving you. You can only trade with the premise of relative equal
1213 |969 |01:19:57,280 ~-~-> 01:20:01,680 |lows or relative equal highs if it's in price action. If it's not there, you
1214 |970 |01:20:01,680 ~-~-> 01:20:05,880 |can't you can't refer to it. So if there's nothing else in price, because
1215 |971 |01:20:05,880 ~-~-> 01:20:10,260 |we want below these relative equal lows there, what's left now, at this price
1216 |972 |01:20:10,260 ~-~-> 01:20:13,260 |point, right here, if there were not anything else on the chart yet over
1217 |973 |01:20:13,260 ~-~-> 01:20:17,760 |here, this is the only chart candlestick at the time you're watching it, what
1218 |974 |01:20:17,760 ~-~-> 01:20:24,200 |does your eye go well, you'll naturally go to this, but my eye jumps to the stop
1219 |975 |01:20:24,200 ~-~-> 01:20:29,840 |hunt here, and the breaker, and from the breaker to the high where the stops were
1220 |976 |01:20:29,840 ~-~-> 01:20:35,300 |taken. Is there a fair value gap? If there is, I'm going to navigate away
1221 |977 |01:20:35,300 ~-~-> 01:20:40,040 |from the breaker, and I want to have that premium level right there. I want
1222 |978 |01:20:40,040 ~-~-> 01:20:44,620 |that. That's the one I want. Everybody else might be trading down here, and
1223 |979 |01:20:44,680 ~-~-> 01:20:48,640 |they might get a fill right there, and they won't be comfortable trading into
1224 |980 |01:20:48,640 ~-~-> 01:20:55,600 |this high here or right there. See where it's stopping. It's not random. The
1225 |981 |01:20:56,440 ~-~-> 01:21:02,220 |market breaks down that queue, working off of that inversion fair value gap,
1226 |982 |01:21:03,000 ~-~-> 01:21:09,780 |that drop, and it creates this gap right there. That right there is the sweet
1227 |983 |01:21:09,780 ~-~-> 01:21:14,220 |spot when you're bearish and you have everything behind you that's in play.
1228 |984 |01:21:15,300 ~-~-> 01:21:22,760 |It's your optimal trade entry. It's your model 2022 it's right there, and then
1229 |985 |01:21:22,760 ~-~-> 01:21:27,380 |this becomes a selling point. And now what do you have at this point? You have
1230 |986 |01:21:27,440 ~-~-> 01:21:34,460 |this low and this low. What time of day is that? Eight o'clock? So the price is
1231 |987 |01:21:34,460 ~-~-> 01:21:40,340 |rallying up against the underlying, expected, expected move, or directional
1232 |988 |01:21:40,340 ~-~-> 01:21:45,880 |bias, because this move here has caused a potential reversal, so now you have
1233 |989 |01:21:45,880 ~-~-> 01:21:51,520 |relative equal lows here. But how far can it go? You have to refer to the
1234 |990 |01:21:51,520 ~-~-> 01:21:56,260 |range prior to that reversal pattern that formed after relative equal hasn't
1235 |991 |01:21:56,260 ~-~-> 01:22:00,520 |been taken. So let me slow you down because you're getting a little
1236 |992 |01:22:00,520 ~-~-> 01:22:04,440 |panicked. I'm sure this is too much information on head spinning. ICT, all
1237 |993 |01:22:04,440 ~-~-> 01:22:09,420 |you're doing is you're looking for areas where they can stop people out and go
1238 |994 |01:22:09,420 ~-~-> 01:22:14,400 |the other direction. That's essentially all you're doing. And you're looking for
1239 |995 |01:22:14,400 ~-~-> 01:22:20,720 |little periods of price action where obvious highs can be targeted, obvious
1240 |996 |01:22:20,720 ~-~-> 01:22:25,820 |lows can be targeted for liquidity purposes and in between them. Or if
1241 |997 |01:22:25,820 ~-~-> 01:22:30,620 |there's nothing new to work off of, then you focus on all of the fair value gaps,
1242 |998 |01:22:30,620 ~-~-> 01:22:34,640 |the inefficiencies. That means things that we've been coloring here with the
1243 |999 |01:22:34,640 ~-~-> 01:22:42,220 |rectangles. Okay, your eye will jump to them with experience, you'll see them
1244 |1000 |01:22:42,220 ~-~-> 01:22:48,100 |more the more you do this, and because of that experience factor, you'll learn
1245 |1001 |01:22:48,100 ~-~-> 01:22:52,120 |to filter out some of them because they've already been used several times.
1246 |1002 |01:22:52,120 ~-~-> 01:22:56,020 |It doesn't mean that they won't be used again. It just means that the ones that
1247 |1003 |01:22:56,020 ~-~-> 01:23:03,060 |are unfilled or left in a state of imbalance, like this portion of this
1248 |1004 |01:23:03,060 ~-~-> 01:23:07,320 |gray box here, from this candle sticks high to that candle sticks low, there's
1249 |1005 |01:23:07,320 ~-~-> 01:23:10,260 |a little bit of inefficiency. And graphically, it looks like this.
1250 |1006 |01:23:10,800 ~-~-> 01:23:15,000 |That's the that's the remaining portion that's inefficient. That little segment
1251 |1007 |01:23:15,000 ~-~-> 01:23:19,080 |up there, it doesn't mean it need it can or needs that fill it right now. It just
1252 |1008 |01:23:19,080 ~-~-> 01:23:22,940 |that's the part that my eye goes to. But you still want to have the low, the
1253 |1009 |01:23:22,940 ~-~-> 01:23:26,480 |midpoint, with the consequent encroachment and the high. You want to
1254 |1010 |01:23:26,480 ~-~-> 01:23:31,640 |have those levels all the time, because they will refer to them. If the price is
1255 |1011 |01:23:31,640 ~-~-> 01:23:35,240 |trading anywhere around this range here, the rest of the day, watch and see how
1256 |1012 |01:23:35,240 ~-~-> 01:23:38,600 |it uses it. It will use it again. So if you want to talk about support and
1257 |1013 |01:23:38,600 ~-~-> 01:23:43,000 |resistance, these inefficiencies are the real support and resistance in price
1258 |1014 |01:23:43,000 ~-~-> 01:23:48,400 |action. You'll see them, kiss them, turn on a dime, go right to the level, stop,
1259 |1015 |01:23:48,400 ~-~-> 01:23:53,200 |turn around the bodies of them. Stop like it's it's so precise, it goes
1260 |1016 |01:23:53,200 ~-~-> 01:23:56,860 |without questions, laughable for anyone to say there isn't an algorithm these
1261 |1017 |01:23:56,860 ~-~-> 01:24:00,840 |price engines. What are they referring to? Think about it, what are they
1262 |1018 |01:24:00,840 ~-~-> 01:24:05,400 |referring to? They have, if it's an algorithm, it has to refer to something
1263 |1019 |01:24:05,400 ~-~-> 01:24:09,840 |it's happened in the past. So what I've done is I've created a language where
1264 |1020 |01:24:10,980 ~-~-> 01:24:14,700 |you're either going to be reaching for old highs for the Express purposes of
1265 |1021 |01:24:14,760 ~-~-> 01:24:19,440 |taking out or engaging that liquidity that we be resting above it in the form
1266 |1022 |01:24:19,440 ~-~-> 01:24:25,400 |of buy stops or going below a low, or equal lows for the Express purposes,
1267 |1023 |01:24:25,400 ~-~-> 01:24:30,800 |going down to engage the sell side of it, or sell stops outside of that. What
1268 |1024 |01:24:30,800 ~-~-> 01:24:36,440 |are we left with? Anything that's inefficient in terms of price action. So
1269 |1025 |01:24:36,440 ~-~-> 01:24:40,040 |if we have a inversion fair value gap here, after these relative equal highs
1270 |1026 |01:24:40,040 ~-~-> 01:24:45,220 |have been traded through, and it starts to break down. No panic. Don't worry
1271 |1027 |01:24:45,220 ~-~-> 01:24:51,040 |about panicking. There's no reason to do that. Go into this price. Run here.
1272 |1028 |01:24:52,000 ~-~-> 01:24:56,140 |That's your that's your breaker, right? Runs up and tags all the stops, gets
1273 |1029 |01:24:56,140 ~-~-> 01:24:59,680 |people stopped out if they were short, they're not allowed to be profitable.
1274 |1030 |01:24:59,800 ~-~-> 01:25:04,020 |You. Four trick them into a long trade, and then when they start raking them
1275 |1031 |01:25:04,380 ~-~-> 01:25:11,040 |across the coals, going lower, they're unprofitable. If that's the case, your
1276 |1032 |01:25:11,040 ~-~-> 01:25:14,820 |eye goes into this price run. Is there a fair value gap there? If there is,
1277 |1033 |01:25:15,120 ~-~-> 01:25:18,780 |extend it forward and then wait for the trade up there. Don't sell yourself
1278 |1034 |01:25:18,780 ~-~-> 01:25:22,820 |short and only look for the return to the breaker or the low point, because
1279 |1035 |01:25:22,880 ~-~-> 01:25:25,760 |it's going to trade right back up into that. And if you go back and look at
1280 |1036 |01:25:25,760 ~-~-> 01:25:28,880 |your examples, maybe you've taken trades, whether it be live demo,
1281 |1037 |01:25:28,880 ~-~-> 01:25:32,660 |whatever, or maybe you've done some annotations and chart work and
1282 |1038 |01:25:32,660 ~-~-> 01:25:36,620 |journaling, and you're focusing on studying on the breaker. Go back and see
1283 |1039 |01:25:36,620 ~-~-> 01:25:40,300 |if this signature doesn't appear in some of them, and maybe some of the things
1284 |1040 |01:25:40,300 ~-~-> 01:25:43,660 |that you would have taken as a trade there, or maybe you've taken and got
1285 |1041 |01:25:43,660 ~-~-> 01:25:48,100 |stopped out this was the factor that you didn't see it happening and notice that
1286 |1042 |01:25:48,100 ~-~-> 01:25:51,760 |this is the only buy side about sell side efficiency. And once you have a
1287 |1043 |01:25:51,760 ~-~-> 01:25:57,760 |valid return here and it sells off, what you should be focusing on is all of the
1288 |1044 |01:25:57,760 ~-~-> 01:26:03,360 |cities, all of the cities, until the narrative is likely to change, bullish,
1289 |1045 |01:26:04,080 ~-~-> 01:26:07,980 |your focus goes to only looking for sell side imbalances. That means a down close
1290 |1046 |01:26:07,980 ~-~-> 01:26:13,680 |candle that has a segment with the previous candles low in the subsequent
1291 |1047 |01:26:13,680 ~-~-> 01:26:19,140 |candle after it is has a high that doesn't connect, and the only bridge
1292 |1048 |01:26:19,140 ~-~-> 01:26:22,460 |between those two points is the down closed candle in between. That's your
1293 |1049 |01:26:22,460 ~-~-> 01:26:26,180 |fair value gap, and it's specifically a self sign of balance by signing
1294 |1050 |01:26:26,180 ~-~-> 01:26:33,440 |efficiency and by having that what that does, it removes the ambiguity, and it
1295 |1051 |01:26:33,440 ~-~-> 01:26:38,780 |gives you a very specific process of saying, Okay, I'm only focusing on these
1296 |1052 |01:26:38,780 ~-~-> 01:26:41,900 |specific fair value gaps. I get that question a lot, even with prior
1297 |1053 |01:26:41,900 ~-~-> 01:26:46,420 |mentorship students, how did I pick that one? Why did I pick that one? Why didn't
1298 |1054 |01:26:46,420 ~-~-> 01:26:50,320 |I pick this one over here? Well, that that comes with experience, and it may
1299 |1055 |01:26:50,320 ~-~-> 01:26:53,860 |seem like a compound to some of you to do straight assets, and you don't really
1300 |1056 |01:26:53,860 ~-~-> 01:26:57,580 |want to take the the honest truth. There's some things that you're going to
1301 |1057 |01:26:57,580 ~-~-> 01:27:01,320 |have to get with experience. And I don't make any bones about it. I don't sugar
1302 |1058 |01:27:01,320 ~-~-> 01:27:04,440 |coat it, and you're going to pick it up because you've been doing it long
1303 |1059 |01:27:04,860 ~-~-> 01:27:07,920 |enough. But to get that experience that's required to do a lot of things
1304 |1060 |01:27:07,920 ~-~-> 01:27:13,200 |that you're asking for answers, you got to do what I'm showing you here, and you
1305 |1061 |01:27:13,200 ~-~-> 01:27:16,980 |can do it after the fact. You can go back and look at it, and yes, you have
1306 |1062 |01:27:16,980 ~-~-> 01:27:21,500 |the added benefit of hindsight. Don't, don't discourage yourself in that,
1307 |1063 |01:27:21,860 ~-~-> 01:27:25,940 |because anything you learn, every surgeon that ever did a surgery on you,
1308 |1064 |01:27:26,660 ~-~-> 01:27:30,620 |they studied in a book. They watched other surgeons do it first, then they
1309 |1065 |01:27:30,620 ~-~-> 01:27:34,100 |worked on a cadaver to it's a dead body, okay? Where, if they cut some artery or
1310 |1066 |01:27:34,100 ~-~-> 01:27:36,620 |something, they make a mistake, the person is not going to assume for
1311 |1067 |01:27:36,620 ~-~-> 01:27:41,020 |malpractice or die on the on the table. They're already dead. So they're demo
1312 |1068 |01:27:41,020 ~-~-> 01:27:46,000 |trading with it with a corpse, okay? Or demo surgery with a corpse. But when you
1313 |1069 |01:27:46,000 ~-~-> 01:27:51,580 |start looking for it, there are, there's specific fair value gaps Caleb that I
1314 |1070 |01:27:51,580 ~-~-> 01:27:58,240 |want you to focus on, okay, the very first fair value gap prior to a stop
1315 |1071 |01:27:58,240 ~-~-> 01:28:03,120 |run, always, always, always, always have that one noted. And that's why it's
1316 |1072 |01:28:03,120 ~-~-> 01:28:06,720 |colored red here, or pink, if you want to call it that, because this is a
1317 |1073 |01:28:06,720 ~-~-> 01:28:11,340 |change in a direction. And what this is doing is acting just like an order
1318 |1074 |01:28:11,340 ~-~-> 01:28:18,960 |block. It's just change in the state of delivery. Oh, so I'm incorporating
1319 |1075 |01:28:18,960 ~-~-> 01:28:25,400 |narrative where the market goes up after seven o'clock stop hunt. Change breaks
1320 |1076 |01:28:25,400 ~-~-> 01:28:29,240 |lower, comes right back up into inefficiency, but to a very specific
1321 |1077 |01:28:29,240 ~-~-> 01:28:36,860 |fair value gap. It's the first one prior to a stop hunt. Okay, there's going to
1322 |1078 |01:28:36,860 ~-~-> 01:28:39,620 |be lots of times where this doesn't form, and that's okay, if it doesn't
1323 |1079 |01:28:39,620 ~-~-> 01:28:43,720 |form, what do throw everything out the window and start trading supply and
1324 |1080 |01:28:43,720 ~-~-> 01:28:50,740 |demand and Elliot leave, because nothing's going to work for you. I had
1325 |1081 |01:28:50,740 ~-~-> 01:28:53,680 |to toss that in there. I had to toss it in here, because some of you fall
1326 |1082 |01:28:53,680 ~-~-> 01:28:56,500 |asleep. You're like, Oh, dude, he's throwing on I don't know what's going
1327 |1083 |01:28:56,500 ~-~-> 01:29:02,040 |on. This fair value got okay, if it's not there, then you use the breaker.
1328 |1084 |01:29:02,400 ~-~-> 01:29:05,940 |It's very simple. It's the last down closed candle, okay, but your stop needs
1329 |1085 |01:29:05,940 ~-~-> 01:29:09,840 |to be above the highest high of the consecutive down closed candles, because
1330 |1086 |01:29:09,840 ~-~-> 01:29:14,100 |this is all the bearish breaker, both of these candles here. So your stop has to
1331 |1087 |01:29:14,100 ~-~-> 01:29:20,340 |be above that, okay. How much two? Two ticks, maybe one tick, many times. How
1332 |1088 |01:29:20,340 ~-~-> 01:29:24,500 |to Use this the high, because if it's really good, it won't, it really won't
1333 |1089 |01:29:24,500 ~-~-> 01:29:29,660 |like to go back up into the full range of that. So using the very high of that
1334 |1090 |01:29:30,020 ~-~-> 01:29:36,620 |with in our case, would be fine, not, not if you have this gap here inside the
1335 |1091 |01:29:36,620 ~-~-> 01:29:41,200 |leg that has to stop on because if you have that, then you could potentially
1336 |1092 |01:29:41,200 ~-~-> 01:29:44,920 |see a whole return back up into this and maybe a little Mohawk, a little, a
1337 |1093 |01:29:44,980 ~-~-> 01:29:48,760 |little tiny, little spike above outside with the wick of the candle, with the
1338 |1094 |01:29:48,760 ~-~-> 01:29:53,920 |body be inside or below that gap. So that's all part of stop management. So I
1339 |1095 |01:29:53,920 ~-~-> 01:29:58,840 |talked to no extra charge, but that changes the state of delivery, meaning
1340 |1096 |01:29:58,900 ~-~-> 01:30:03,840 |that we went up to stop. Out, and then this is where everything algorithmically
1341 |1097 |01:30:03,840 ~-~-> 01:30:08,040 |changes. Now we're going to start going lower. It's going to seek sell side
1342 |1098 |01:30:08,040 ~-~-> 01:30:12,840 |liquidity. It's going to reach for sell side it's going to expand lower. So you
1343 |1099 |01:30:12,840 ~-~-> 01:30:17,760 |want to key off of and look for turning points, or what will be future entry
1344 |1100 |01:30:17,760 ~-~-> 01:30:22,220 |points for you, Kayla, for trades to key off of these, sell side imbalances, buy
1345 |1101 |01:30:22,220 ~-~-> 01:30:31,100 |side efficiencies, every single city, every single short term high. So why do
1346 |1102 |01:30:31,100 ~-~-> 01:30:35,900 |you want short term high noted, even if it's a singular one, because there's
1347 |1103 |01:30:36,140 ~-~-> 01:30:41,260 |there stops above that. Okay, we already have a relative equal high here to form,
1348 |1104 |01:30:41,260 ~-~-> 01:30:46,600 |and it caused a potential reversal that moves lower, that seeks liquidity. We
1349 |1105 |01:30:46,600 ~-~-> 01:30:49,660 |had relative equal lows here. It traded down through that, and then we had all
1350 |1106 |01:30:49,660 ~-~-> 01:30:56,680 |this business in here. We swept below that here, actually, it's kind of
1351 |1107 |01:30:56,680 ~-~-> 01:31:00,940 |sloppy, isn't it? It's 940 Well, whatever you're not paying for it. I'm
1352 |1108 |01:31:00,940 ~-~-> 01:31:03,780 |giving you something extra I wanted to be done so wanted to be done sooner. My
1353 |1109 |01:31:03,780 ~-~-> 01:31:07,020 |wife's probably thinking every time he says he's going to be this much time,
1354 |1110 |01:31:07,020 ~-~-> 01:31:10,800 |it's invariably going to happen. If I say it's going to be a little one, it's
1355 |1111 |01:31:10,800 ~-~-> 01:31:16,020 |going to be a long one, but I really can't do a two hour one today, so we'll
1356 |1112 |01:31:16,020 ~-~-> 01:31:21,260 |probably end up doing a two hour one. This guy's bipolar, and he says one
1357 |1113 |01:31:21,260 ~-~-> 01:31:24,320 |thing in the next minute, he changed his mind. It's that's what it's like being
1358 |1114 |01:31:24,320 ~-~-> 01:31:29,540 |in my mind, it's a beautiful place. So every sell side imbalance, every cell
1359 |1115 |01:31:29,540 ~-~-> 01:31:38,540 |side imbalance. Don't see anyone here, yeah, notice how this one here? What is
1360 |1116 |01:31:38,540 ~-~-> 01:31:42,580 |this one? What's this? What's this? Fair Value yet, by classification and name,
1361 |1117 |01:31:42,820 ~-~-> 01:31:46,720 |what would you call that one? So buy side and balance out, sign in
1362 |1118 |01:31:46,720 ~-~-> 01:31:52,600 |efficiency. Okay, I'm not looking at that one. I won't highlight that one. I
1363 |1119 |01:31:52,600 ~-~-> 01:31:57,040 |won't extend it for because it's, it's against, it's against the underlying
1364 |1120 |01:31:57,040 ~-~-> 01:32:01,440 |direction and the state of delivery, which is it wants to go lower. So if it
1365 |1121 |01:32:01,440 ~-~-> 01:32:07,800 |wants to go lower, I'm not interested in this unless it shows me that it wants to
1366 |1122 |01:32:07,800 ~-~-> 01:32:12,780 |reverse, and it's done something very violent down here, like it could do it
1367 |1123 |01:32:12,780 ~-~-> 01:32:16,080 |here. I'm not saying it will, but if it did something violent and started to
1368 |1124 |01:32:16,080 ~-~-> 01:32:19,680 |reverse, then I would draw my attention to this one, because then I could act on
1369 |1125 |01:32:19,680 ~-~-> 01:32:23,480 |that as an inversion through Vega, because it would reverse its role. But
1370 |1126 |01:32:23,480 ~-~-> 01:32:27,860 |right now, when the narratives in in motion every sell side imbalanced by
1371 |1127 |01:32:27,860 ~-~-> 01:32:32,000 |side and efficiency I'm referring to, I'm not always drawing them out on the
1372 |1128 |01:32:32,000 ~-~-> 01:32:40,280 |chart, because, as you'll see, it's it can be rather uh, busy on your charts,
1373 |1129 |01:32:40,280 ~-~-> 01:32:43,120 |and I like to keep things naked, but not afraid, and
1374 |1130 |01:32:44,980 ~-~-> 01:32:48,760 |you can see it trading up into the consequent creation of that one. So
1375 |1131 |01:32:49,180 ~-~-> 01:32:52,720 |when, when you're trading or not sorry, when you're observing price action,
1376 |1132 |01:32:53,440 ~-~-> 01:32:56,980 |you're spending your time not pushing a button trying to trade. You're not
1377 |1133 |01:32:56,980 ~-~-> 01:33:00,640 |trying to convince people in live chats in their chat window. You're not trying
1378 |1134 |01:33:00,640 ~-~-> 01:33:04,200 |to tell influencers what you think is going to happen, because you're going to
1379 |1135 |01:33:04,200 ~-~-> 01:33:07,980 |wait for a high five, like, yeah, bro, or yeah sister. You know, none of that
1380 |1136 |01:33:07,980 ~-~-> 01:33:13,800 |stuff you're you're in your own little bubble every single day, and you're
1381 |1137 |01:33:13,800 ~-~-> 01:33:22,280 |looking for these things to unfold. Now, if you recall I mentioned yesterday.
1382 |1138 |01:33:24,260 ~-~-> 01:33:32,540 |Let's do that, right? Michael, come on. Eight o'clock is the same thing. There's
1383 |1139 |01:33:32,540 ~-~-> 01:33:38,060 |another point of confusion I want to clarify. I talked about the first 30
1384 |1140 |01:33:38,060 ~-~-> 01:33:42,700 |minutes after seven o'clock and after eight o'clock and after nine o'clock,
1385 |1141 |01:33:42,700 ~-~-> 01:33:56,080 |that is your pre session range. Okay, it is 30 minutes of you expecting something
1386 |1142 |01:33:56,440 ~-~-> 01:34:02,280 |opposite. So in other words, if you see relative equal highs, what would you
1387 |1143 |01:34:02,280 ~-~-> 01:34:10,260 |expect after eight o'clock? You would expect a low or a price run lower. What
1388 |1144 |01:34:10,260 ~-~-> 01:34:14,700 |is that, by definition, opposing directional run that's against where you
1389 |1145 |01:34:14,700 ~-~-> 01:34:19,500 |think it's directing time go. That's a Judah swing. That's manipulation. It's
1390 |1146 |01:34:19,500 ~-~-> 01:34:24,500 |something that goes against the grain of what you're expecting, not what
1391 |1147 |01:34:24,500 ~-~-> 01:34:29,060 |everybody else on the internet is doing, but what you're expecting. Okay, if you
1392 |1148 |01:34:29,060 ~-~-> 01:34:32,840 |look around yesterday, everybody's titles on YouTube had stock market
1393 |1149 |01:34:32,840 ~-~-> 01:34:38,960 |crash, and I was in here telling you it's going to go up. Was that random?
1394 |1150 |01:34:40,400 ~-~-> 01:34:44,920 |No, because everybody had the same idea. And I sat down with you, explained to
1395 |1151 |01:34:44,920 ~-~-> 01:34:48,580 |you, this is what it's going to do, and we wait for it to present itself, and
1396 |1152 |01:34:48,580 ~-~-> 01:34:53,800 |then we put in motion a plan of where the next foothold or Next grab point,
1397 |1153 |01:34:53,800 ~-~-> 01:34:58,120 |like rock climbing, okay, a rock climber looks at the surface of the cliff that
1398 |1154 |01:34:58,120 ~-~-> 01:35:02,400 |is trying to climb, and he looks. Or she looks and tries to map out a pathway.
1399 |1155 |01:35:02,640 ~-~-> 01:35:06,720 |Okay, I am not going to just reach up for this grab point here with my hand
1400 |1156 |01:35:06,780 ~-~-> 01:35:10,320 |and pull myself up a little bit and then guess where the next hand hold is going
1401 |1157 |01:35:10,320 ~-~-> 01:35:13,860 |to be. They try to map out because they don't want to get to a point climbing up
1402 |1158 |01:35:13,860 ~-~-> 01:35:17,580 |using all that energy and then find out they're really not in a position to grab
1403 |1159 |01:35:17,580 ~-~-> 01:35:22,100 |onto something that's more efficient for the client to go back up? Well, in this
1404 |1160 |01:35:22,100 ~-~-> 01:35:29,120 |case, we have a descent, even though they were not trying to trade relative
1405 |1161 |01:35:29,120 ~-~-> 01:35:32,780 |equal highs and lows prior to seven o'clock in the morning. If this does
1406 |1162 |01:35:32,780 ~-~-> 01:35:37,040 |this and it starts to move lower, you have to incorporate the range. What
1407 |1163 |01:35:37,040 ~-~-> 01:35:42,280 |range is that the load it was formed prior to crossing the threshold of seven
1408 |1164 |01:35:42,280 ~-~-> 01:35:47,680 |o'clock in the morning. So we have all this run here. So every single one of
1409 |1165 |01:35:47,680 ~-~-> 01:35:54,700 |these inefficiencies over here, here, here, here, even though it's been used
1410 |1166 |01:35:54,700 ~-~-> 01:35:59,680 |already, you extend them in time, and they will be places for you to
1411 |1167 |01:35:59,680 ~-~-> 01:36:05,580 |anticipate price going up to and pushing into it, and then resisting and going
1412 |1168 |01:36:05,580 ~-~-> 01:36:09,720 |lower as it works and gravitates to that low right there, as I was hinting at
1413 |1169 |01:36:09,720 ~-~-> 01:36:17,220 |earlier. But the range, okay, the the pre session or pre market range after
1414 |1170 |01:36:17,580 ~-~-> 01:36:26,720 |the top of the hour, whether it be seven o'clock, eight o'clock or nine o'clock,
1415 |1171 |01:36:26,720 ~-~-> 01:36:31,640 |these are your three windows of opportunity. So right away, we can study
1416 |1172 |01:36:31,640 ~-~-> 01:36:37,880 |and see okay, there was really nothing in here except for these two right here,
1417 |1173 |01:36:37,880 ~-~-> 01:36:41,920 |these little, smaller ones. So what did it do? It rallied up where to go to some
1418 |1174 |01:36:41,920 ~-~-> 01:36:46,480 |random level. Nobody could have known that it was going to go that level. But
1419 |1175 |01:36:46,480 ~-~-> 01:36:51,220 |now you do, you have a stop hunt. The market broke down. So this is a shift in
1420 |1176 |01:36:51,220 ~-~-> 01:36:56,140 |market structure, okay? And this is a optimal trade entry, even if you didn't
1421 |1177 |01:36:56,140 ~-~-> 01:37:00,240 |have all the stuff I'm teaching you here and amplifying it. You already know
1422 |1178 |01:37:00,240 ~-~-> 01:37:05,460 |this? This was the flagship pattern of my channel since 12 2012 the optimal
1423 |1179 |01:37:05,460 ~-~-> 01:37:09,720 |trade entry, a shift in market structure. Measure your high to your
1424 |1180 |01:37:09,720 ~-~-> 01:37:21,620 |low. 60 to 72% retracement. 62 72% retracement level and 70.5 level. See,
1425 |1181 |01:37:21,620 ~-~-> 01:37:26,840 |this is, this is one of those moments where I'm able to hit control and tap M,
1426 |1182 |01:37:27,140 ~-~-> 01:37:31,220 |and I'll have to go back and listen to the audio, audio and edit and fix that
1427 |1183 |01:37:31,220 ~-~-> 01:37:36,500 |part, but it's live, so I have to, have to keep going. My OCD is, is tapping me
1428 |1184 |01:37:36,500 ~-~-> 01:37:39,860 |on the shoulder. But this is still a pattern you would have traded anyway
1429 |1185 |01:37:39,860 ~-~-> 01:37:45,460 |with using the rudimentary level lessons that I taught over a decade ago for free
1430 |1186 |01:37:45,460 ~-~-> 01:37:50,260 |on this YouTube channel, but now you're learning the signatures that present a
1431 |1187 |01:37:50,260 ~-~-> 01:37:57,880 |greater degree of precision and managing your expectations in the narrative. How
1432 |1188 |01:37:57,880 ~-~-> 01:38:02,280 |are you going to incorporate all these things and trust holding on to a trade.
1433 |1189 |01:38:03,540 ~-~-> 01:38:04,920 |So now we're going to go
1434 |1190 |01:38:12,120 ~-~-> 01:38:23,840 |into we have a I got distracted here. I had headphones on. So when I was
1435 |1191 |01:38:24,080 ~-~-> 01:38:29,540 |listening to a phone that's on Do Not Disturb I was still getting a flash on
1436 |1192 |01:38:29,540 ~-~-> 01:38:33,440 |the screen. I looked at it, made a mistake of looking at snap Abraham
1437 |1193 |01:38:33,440 ~-~-> 01:38:37,700 |concentration. But the each hour at seven o'clock, in this case, eight
1438 |1194 |01:38:37,700 ~-~-> 01:38:41,020 |o'clock, at nine o'clock, what you're doing is you're starting the whole
1439 |1195 |01:38:41,020 ~-~-> 01:38:44,860 |process all over again. You're waiting for relative equal highs to form or
1440 |1196 |01:38:44,860 ~-~-> 01:38:50,020 |identifying relative equal lows at eight o'clock, you can look prior to eight
1441 |1197 |01:38:50,020 ~-~-> 01:38:53,740 |o'clock. You just can't look prior to seven o'clock, relative equal highs or
1442 |1198 |01:38:53,740 ~-~-> 01:38:59,260 |lows because you're trying to work inside the range of the morning session.
1443 |1199 |01:38:59,980 ~-~-> 01:39:03,300 |Okay, in the morning session is essentially seven o'clock to 11 o'clock
1444 |1200 |01:39:03,300 ~-~-> 01:39:09,060 |in the morning, technically, until noon. But 11 o'clock for me, I like to, like
1445 |1201 |01:39:09,060 ~-~-> 01:39:13,680 |to be done by then. Frankly, I like to be done by 1015, 1030 you know, if I can
1446 |1202 |01:39:13,680 ~-~-> 01:39:18,240 |get something on and be paid out, I'm done. I don't I don't need to do
1447 |1203 |01:39:18,240 ~-~-> 01:39:22,160 |anything else. You may not like that. You might want to be for the whole day,
1448 |1204 |01:39:22,220 ~-~-> 01:39:25,340 |not me. I don't want to be in front of the charts. I don't like to be chained
1449 |1205 |01:39:25,340 ~-~-> 01:39:29,420 |in from the charts. But once you have a turn in the direction like this, and the
1450 |1206 |01:39:29,420 ~-~-> 01:39:38,060 |market's likely to draw lower, you'll see that by focusing on only one side of
1451 |1207 |01:39:38,060 ~-~-> 01:39:42,520 |the marketplace with the inefficiencies as we have here, it's moving lower, so
1452 |1208 |01:39:42,580 ~-~-> 01:39:47,920 |every Sibi is extended to the right. Okay, if you remember, on Twitter, I
1453 |1209 |01:39:47,920 ~-~-> 01:39:51,820 |would tell you note a specific fair value you got, and I'd say, extend it to
1454 |1210 |01:39:51,820 ~-~-> 01:39:59,740 |the right. That's this. That's me dealing this here. Okay, and you know
1455 |1211 |01:39:59,740 ~-~-> 01:40:04,860 |when. You see the market trade. You know, through them a little bit, you'll
1456 |1212 |01:40:04,860 ~-~-> 01:40:08,100 |see a troll or someone that has no idea what the hell is going on. They'll say,
1457 |1213 |01:40:08,100 ~-~-> 01:40:10,860 |oh, yeah, he thought it was going to sell. That's not, that's not what we're
1458 |1214 |01:40:10,860 ~-~-> 01:40:17,160 |doing here. You're you're going to wait for it to cover over top of it, and then
1459 |1215 |01:40:17,160 ~-~-> 01:40:22,220 |break back down through it, and then it will act as what you expect it to do.
1460 |1216 |01:40:23,540 ~-~-> 01:40:27,560 |Many of you, when you see me, talk about inefficiencies, fair value, gaps,
1461 |1217 |01:40:27,560 ~-~-> 01:40:32,840 |sippies, busy, all that business, you anticipate that, oh, it's a matter of
1462 |1218 |01:40:32,840 ~-~-> 01:40:36,320 |just going up once it gets into here. All you gotta do is sell short, right
1463 |1219 |01:40:36,320 ~-~-> 01:40:43,240 |there. That's not it, folks. You have to anticipate a measure of manipulation.
1464 |1220 |01:40:43,660 ~-~-> 01:40:47,200 |What was the price doing here? I told you, it was getting kind of sloppy. We
1465 |1221 |01:40:47,200 ~-~-> 01:40:53,320 |had this inefficiency. Yeah. But what else is there? What else is there? You
1466 |1222 |01:40:53,320 ~-~-> 01:40:57,340 |have this energetic drop that created that city, and there's going to be what
1467 |1223 |01:40:57,340 ~-~-> 01:41:00,160 |trailed there. For anyone that's short, they're going to put their stop loss
1468 |1224 |01:41:00,160 ~-~-> 01:41:05,640 |right there. Well, that efficiently done, been removed with this bump here,
1469 |1225 |01:41:06,240 ~-~-> 01:41:11,760 |back into an old Sibi. And then you have a market break down. Look at the work
1470 |1226 |01:41:11,760 ~-~-> 01:41:15,780 |around the halfway point, which is consequent encroachment. The market
1471 |1227 |01:41:15,780 ~-~-> 01:41:21,320 |drops. Opens again here, breaks lower. We have an inefficiency. The bodies are
1472 |1228 |01:41:21,320 ~-~-> 01:41:24,440 |telling you, yes, this is going to go lower. Why? Because it stops right
1473 |1229 |01:41:24,440 ~-~-> 01:41:29,180 |there. See that the wicks are allowed to do, what a little bit of damage is it
1474 |1230 |01:41:29,180 ~-~-> 01:41:32,660 |going to random locations? No, it just bumps the bottom of that city over
1475 |1231 |01:41:32,660 ~-~-> 01:41:42,100 |there, right there, and then works lower. Now, at nine o'clock. The same
1476 |1232 |01:41:42,100 ~-~-> 01:41:46,900 |thing, you can look at any relative equal high or low prior to eight
1477 |1233 |01:41:46,900 ~-~-> 01:41:54,040 |o'clock, up to seven o'clock if you're going to be trading with longer term
1478 |1234 |01:41:54,040 ~-~-> 01:41:57,940 |price runs. For the folks that are asking me, how do you hold on for longer
1479 |1235 |01:41:57,940 ~-~-> 01:42:01,980 |trades? In that case, you're going to have to look at the previous day's
1480 |1236 |01:42:01,980 ~-~-> 01:42:05,760 |range, and what is the previous day's low, or if it's if it's going higher,
1481 |1237 |01:42:05,820 ~-~-> 01:42:10,800 |what's the previous day's high? And that's your next logical level to reach
1482 |1238 |01:42:10,800 ~-~-> 01:42:14,220 |for. But I don't want to give Caleb anything beyond the scope of what I've
1483 |1239 |01:42:14,220 ~-~-> 01:42:18,780 |already covered, because it's giving him way too many things to worry about. And
1484 |1240 |01:42:18,780 ~-~-> 01:42:24,140 |if you're brand new, you're probably feeling that too. But in short, what
1485 |1241 |01:42:24,140 ~-~-> 01:42:28,640 |you're doing is is at seven o'clock that starts the hunt for relative equal highs
1486 |1242 |01:42:28,640 ~-~-> 01:42:32,840 |or lows. If you see a disruption, like we were talking about yesterday, where
1487 |1243 |01:42:32,840 ~-~-> 01:42:37,760 |it's jagged, you see how it's nice and jagged. That's that's indicating it's
1488 |1244 |01:42:37,760 ~-~-> 01:42:41,320 |probably going to go the opposite direction, especially if you have all
1489 |1245 |01:42:41,320 ~-~-> 01:42:45,820 |these other supporting factors where that would have been a breaker. This is
1490 |1246 |01:42:45,820 ~-~-> 01:42:50,800 |obviously a high probability inversion, fair value gap, and it hits it here
1491 |1247 |01:42:50,920 ~-~-> 01:42:54,700 |respects consequent encroachment breaks down, and then we have another return in
1492 |1248 |01:42:54,700 ~-~-> 01:42:59,920 |here. Here's the optimal trend entry as well. And everything is your mindset is
1493 |1249 |01:42:59,920 ~-~-> 01:43:04,260 |okay, I'm looking for lower, I'm looking for lower, I'm looking for lower. And it
1494 |1250 |01:43:04,260 ~-~-> 01:43:08,820 |breaks lower. And then you highlight every single time, it creates an
1495 |1251 |01:43:08,820 ~-~-> 01:43:14,160 |inefficiency where it's a big candle that doesn't have any overlapping with
1496 |1252 |01:43:14,160 ~-~-> 01:43:19,080 |the candle prior to it for me or the candle after it. So it creates that
1497 |1253 |01:43:19,080 ~-~-> 01:43:24,740 |inefficiency, that imbalance. And then when you have these long, protracted
1498 |1254 |01:43:24,740 ~-~-> 01:43:30,560 |consolidations like that, it's really better for you to sit still, let them do
1499 |1255 |01:43:30,560 ~-~-> 01:43:35,060 |whatever they're going to do. Why? What do we have there? What'd that say
1500 |1256 |01:43:35,060 ~-~-> 01:43:39,320 |yesterday? We have relative equal highs and we have relative equal lows. You're
1501 |1257 |01:43:39,320 ~-~-> 01:43:43,060 |going to be playing the breakout game. And I'm not a breakout artist. I'm not
1502 |1258 |01:43:43,060 ~-~-> 01:43:47,740 |trying to guess. I want to see what the market's going to do. So by this run up,
1503 |1259 |01:43:48,280 ~-~-> 01:43:55,060 |it can trade in any one of these fair value gaps in here. It does. And does it
1504 |1260 |01:43:55,060 ~-~-> 01:43:59,440 |fall out of bed? Yep. So what I would require, and you've heard me say, Well,
1505 |1261 |01:43:59,620 ~-~-> 01:44:04,800 |next, technically, he heard me. You'll see in old tweets where I'll say, we
1506 |1262 |01:44:04,800 ~-~-> 01:44:09,540 |want to see this fair value gap at as an inversion. Fair value gap, well, that
1507 |1263 |01:44:09,540 ~-~-> 01:44:13,560 |means it ran above it. It's got to go below it and then do this right there,
1508 |1264 |01:44:13,560 ~-~-> 01:44:20,840 |that function of redelivering to it, then a deeper protraction lower to upset
1509 |1265 |01:44:20,840 ~-~-> 01:44:25,580 |any liquidity that would be resting below here, as much as and to the degree
1510 |1266 |01:44:25,580 ~-~-> 01:44:29,900 |of reaching down into that low over there, because that's the low in London.
1511 |1267 |01:44:31,400 ~-~-> 01:44:38,900 |See that. So when you have your charts, Caleb, what I'm interested? I'm only
1512 |1268 |01:44:38,900 ~-~-> 01:44:44,080 |interested in seeing anything before seven o'clock, if the range of the
1513 |1269 |01:44:44,140 ~-~-> 01:44:49,300 |morning session trades to the London session low or the london session high.
1514 |1270 |01:44:50,140 ~-~-> 01:44:54,580 |Other than that, I don't want to see anything on your charts beyond this.
1515 |1271 |01:44:56,260 ~-~-> 01:45:01,620 |Okay, that's it. So all your charts are going to have about. Out six o'clock or
1516 |1272 |01:45:01,620 ~-~-> 01:45:08,580 |so, just to get a little taste of what London was doing, and then everything
1517 |1273 |01:45:08,580 ~-~-> 01:45:13,440 |else in your charts need to be very, very simple, but I want nine o'clock
1518 |1274 |01:45:13,440 ~-~-> 01:45:20,220 |delineated, eight o'clock delineated, and seven o'clock delineated, and any
1519 |1275 |01:45:20,520 ~-~-> 01:45:24,140 |formation of relative equal highs or lows. I want you to annotate them, okay?
1520 |1276 |01:45:24,140 ~-~-> 01:45:30,920 |And the way I want you to annotate them is, don't use this. Don't do this. Okay?
1521 |1277 |01:45:30,920 ~-~-> 01:45:32,180 |I want you to draw,
1522 |1278 |01:45:38,300 ~-~-> 01:45:42,760 |hold down, Shift as you drag it over. It'll keep it straight, and I want you
1523 |1279 |01:45:42,760 ~-~-> 01:45:49,900 |to annotate it like that and choose whatever color you want. It doesn't
1524 |1280 |01:45:49,900 ~-~-> 01:45:53,380 |matter. Don't just because dad's using this color, I'm just sticking with this
1525 |1281 |01:45:53,380 ~-~-> 01:45:58,840 |color right now because it's saving me some time. May not feel like it because
1526 |1282 |01:45:58,840 ~-~-> 01:46:04,080 |I'm taking more time than some of you guys are wanting me to spend doing it.
1527 |1283 |01:46:06,900 ~-~-> 01:46:11,340 |All right? And that's the relative equal lows and the relative equal highs I said
1528 |1284 |01:46:11,820 ~-~-> 01:46:16,740 |yesterday. When you have both of them, you wait, you wait for them to take one
1529 |1285 |01:46:16,740 ~-~-> 01:46:20,960 |side out. What does it do? It runs higher. So what's it going to attack
1530 |1286 |01:46:20,960 ~-~-> 01:46:28,520 |now, that one and it runs down below, okay, so as it is right now, if there
1531 |1287 |01:46:28,520 ~-~-> 01:46:34,460 |was any trade taken or no trade taken at all, you would do nothing, because it's
1532 |1288 |01:46:34,460 ~-~-> 01:46:39,080 |already done a whole lot of movement, and it's back in an area where I
1533 |1289 |01:46:39,080 ~-~-> 01:46:43,600 |wouldn't want to see it as a trade back in this city again, because we've
1534 |1290 |01:46:43,600 ~-~-> 01:46:48,460 |already done once, twice, overlapped, it, respected it, and now we're back
1535 |1291 |01:46:48,460 ~-~-> 01:46:51,640 |inside of it again. That is low probability, and it could fall out of
1536 |1292 |01:46:51,640 ~-~-> 01:46:55,480 |bed and crash 1000 points a day. It still wouldn't be a trade I took because
1537 |1293 |01:46:55,480 ~-~-> 01:47:00,660 |it's against the rules of me wanting to use it. It's it's been overlapped and
1538 |1294 |01:47:00,660 ~-~-> 01:47:06,720 |worked multiple times, and it's done enough so your day would be complete
1539 |1295 |01:47:06,720 ~-~-> 01:47:11,040 |here. And you would capture everything just like this, and then you would
1540 |1296 |01:47:11,100 ~-~-> 01:47:16,080 |annotate it like this. Would be an area where you could highlight or type out
1541 |1297 |01:47:16,680 ~-~-> 01:47:22,340 |any observations or what you felt about this movement here, in this little area
1542 |1298 |01:47:22,340 ~-~-> 01:47:25,700 |here you would annotate in text. So you would just take the text and say
1543 |1299 |01:47:25,700 ~-~-> 01:47:26,780 |something like this, like I'm
1544 |1300 |01:47:49,600 ~-~-> 01:47:53,380 |okay, and just simple little statements like this, and what you're doing is
1545 |1301 |01:47:53,380 ~-~-> 01:48:01,780 |you're highlighting your focus here and here and here And up here in this
1546 |1302 |01:48:01,780 ~-~-> 01:48:06,600 |segment, you can do something like, I like how it reacted off that inversion
1547 |1303 |01:48:06,600 ~-~-> 01:48:10,140 |fair value guy. So what you're doing is you're cherry picking points of
1548 |1304 |01:48:10,140 ~-~-> 01:48:17,040 |reference for your journal. And when you see the chart again the next day, like
1549 |1305 |01:48:17,040 ~-~-> 01:48:20,660 |tomorrow, when you sit down, you look at price action, you refer to what it did
1550 |1306 |01:48:20,660 ~-~-> 01:48:27,380 |yesterday. And these levels will be subconsciously retained as significant,
1551 |1307 |01:48:27,860 ~-~-> 01:48:33,320 |and it'll reinforce it subconsciously as a memory worth holding on to. And then
1552 |1308 |01:48:33,320 ~-~-> 01:48:37,340 |when the weekend comes and you go back to your journal and your charts and you
1553 |1309 |01:48:37,340 ~-~-> 01:48:41,380 |have these little annotations, what that will do is you'll read this comment
1554 |1310 |01:48:41,380 ~-~-> 01:48:48,100 |says, I like the obvious return of price. And don't have any typos like
1555 |1311 |01:48:48,100 ~-~-> 01:48:50,380 |this that
1556 |1312 |01:49:00,220 ~-~-> 01:49:05,400 |still don't I like the obvious return of price that the cities,
1557 |1313 |01:49:16,260 ~-~-> 01:49:24,140 |there we go, you know, Folks, you know, with one of those Biden movements, what
1558 |1314 |01:49:24,140 ~-~-> 01:49:30,320 |did you say? You Republican? Some bitch, here's one. I'm probably going to vote
1559 |1315 |01:49:30,320 ~-~-> 01:49:33,920 |this year. I'm probably going to vote for the first time, and you should vote
1560 |1316 |01:49:33,920 ~-~-> 01:49:38,900 |too. I'm not going to say who I'm voting for, because then you probably really
1561 |1317 |01:49:38,900 ~-~-> 01:49:48,460 |hate me, but I'll tell you any hairs. Oh, man, I'm such a troublemaker. So you
1562 |1318 |01:49:48,460 ~-~-> 01:49:51,400 |annotate your charts that way. You have something that when you refer to on the
1563 |1319 |01:49:51,400 ~-~-> 01:49:57,040 |weekend, it is a positive reference. You do nothing negative. You say nothing
1564 |1320 |01:49:57,040 ~-~-> 01:50:01,260 |negative. You criticize nothing negatively. You. And you draw out the
1565 |1321 |01:50:01,260 ~-~-> 01:50:06,600 |things that are useful information, okay? And when you do that, and you look
1566 |1322 |01:50:06,600 ~-~-> 01:50:10,560 |at it on the on the weekend, as a reflection, you're never looking at
1567 |1323 |01:50:10,560 ~-~-> 01:50:15,660 |things through the lens of regret, you notice that. And what does that do? It
1568 |1324 |01:50:15,660 ~-~-> 01:50:22,580 |manages your fear and greed. It manages regret. If you missed a move, you've
1569 |1325 |01:50:22,580 ~-~-> 01:50:26,780 |logged what you're focusing on. So when you look at an old chart, you're not
1570 |1326 |01:50:26,780 ~-~-> 01:50:29,480 |looking at man, I could have went short here, or I could have went short here
1571 |1327 |01:50:29,480 ~-~-> 01:50:34,640 |and held for all this move. That's what everybody does wrong. And I tortured
1572 |1328 |01:50:34,640 ~-~-> 01:50:40,180 |myself as a 20 year old doing that. I literally whooped my ass every day in a
1573 |1329 |01:50:40,180 ~-~-> 01:50:45,160 |journal, telling myself everything I did wrong, and then wondered why it took six
1574 |1330 |01:50:45,160 ~-~-> 01:50:49,900 |years for me to get it figured out that I was doing this to myself, like I was
1575 |1331 |01:50:49,900 ~-~-> 01:50:54,460 |doing all those things holding myself back. But I thought, well, I'm going to
1576 |1332 |01:50:54,460 ~-~-> 01:50:58,240 |be hard on myself because that's that's what I need to do, and that that was
1577 |1333 |01:50:58,240 ~-~-> 01:51:03,300 |actually detrimental to my development and my understanding about how I see
1578 |1334 |01:51:03,300 ~-~-> 01:51:07,080 |things in price and how I'm going to interact and how I'm going to treat
1579 |1335 |01:51:07,080 ~-~-> 01:51:10,500 |myself after the fact, whether I took a trade or didn't take a trade, whether I
1580 |1336 |01:51:10,500 ~-~-> 01:51:14,760 |had a win, I had a loss, I had a win, then lost money, like all those things,
1581 |1337 |01:51:14,760 ~-~-> 01:51:17,760 |you have no idea what you're going to do when you go through those experiences,
1582 |1338 |01:51:17,760 ~-~-> 01:51:21,020 |and until you develop skill sets to manage your emotions and your
1583 |1339 |01:51:21,020 ~-~-> 01:51:27,380 |expectations, and you do that with your journal, with role based ideas, okay,
1584 |1340 |01:51:27,740 ~-~-> 01:51:33,680 |until you appreciate the level of responsibility that this puts on you,
1585 |1341 |01:51:34,340 ~-~-> 01:51:38,000 |you won't understand it. It's easy to say, well, I'm going to trade. I'm just
1586 |1342 |01:51:38,000 ~-~-> 01:51:41,440 |going to go out and start pushing buttons. Well, okay, you know, people go
1587 |1343 |01:51:41,440 ~-~-> 01:51:44,140 |to casinos all the time, and they go home pissed off. They took too much
1588 |1344 |01:51:44,140 ~-~-> 01:51:47,260 |money and they didn't they didn't leave, or they should have stayed home because
1589 |1345 |01:51:47,260 ~-~-> 01:51:51,400 |they wasted their money. And you can waste your money looking at these
1590 |1346 |01:51:51,400 ~-~-> 01:51:55,960 |candlesticks and telling yourself a story that ain't there. So you have to
1591 |1347 |01:51:55,960 ~-~-> 01:52:01,440 |have an expectation on price at a time of day. In this case, you have three
1592 |1348 |01:52:01,440 ~-~-> 01:52:09,780 |specific times of the day, and the first 30 minutes, at 37 o'clock, after eight
1593 |1349 |01:52:09,780 ~-~-> 01:52:14,940 |o'clock and after nine o'clock. If there is relative equal highs or relative
1594 |1350 |01:52:14,940 ~-~-> 01:52:21,080 |equal lows below the marketplace, then you want to see a move the first 30
1595 |1351 |01:52:21,080 ~-~-> 01:52:26,300 |minutes, go in the opposite direction, up, if there's relative equal highs that
1596 |1352 |01:52:26,300 ~-~-> 01:52:31,940 |form after seven o'clock, after eight o'clock and after nine o'clock, that
1597 |1353 |01:52:31,940 ~-~-> 01:52:38,060 |first 30 minutes, you want to see the market drop. You want to see a measure
1598 |1354 |01:52:38,060 ~-~-> 01:52:43,060 |of manipulation. It doesn't have to only be in that first 30 minutes. But in my
1599 |1355 |01:52:43,060 ~-~-> 01:52:48,040 |mind, I'm thinking, I want to see that. And if I got that and it was given to me
1600 |1356 |01:52:48,040 ~-~-> 01:52:53,200 |in delivery price, then my interest in this move is even more peaked. I'm
1601 |1357 |01:52:53,200 ~-~-> 01:52:58,600 |really interested in it. If it doesn't do it, I'll wait for more information,
1602 |1358 |01:52:58,840 ~-~-> 01:53:01,620 |because it might have a deeper retracement than I would have expected
1603 |1359 |01:53:01,620 ~-~-> 01:53:06,120 |initially, and then I'll wait for a breakdown, and then having all these
1604 |1360 |01:53:06,300 ~-~-> 01:53:10,920 |inefficiencies extended over the market will refer back to them. And then all I
1605 |1361 |01:53:10,920 ~-~-> 01:53:14,820 |have to do is wait for a bus to get there, and then ride that thing down the
1606 |1362 |01:53:14,820 ~-~-> 01:53:20,340 |southern town, and that's it, and be content with it. Okay? So another
1607 |1363 |01:53:22,080 ~-~-> 01:53:26,900 |suggestion, and this is something you'll learn more about Caleb. But for now, I
1608 |1364 |01:53:26,900 ~-~-> 01:53:31,580 |want you to start measuring all the price swings that form. In other words,
1609 |1365 |01:53:31,580 ~-~-> 01:53:36,080 |if it's if it's moved lower, this is something you do after the fact. Okay,
1610 |1366 |01:53:36,080 ~-~-> 01:53:40,480 |don't try to do this while it's happening, but after the fact, okay, and
1611 |1367 |01:53:40,480 ~-~-> 01:53:45,820 |it'll teach you range finding how like, how far prices can run. You're going to
1612 |1368 |01:53:45,820 ~-~-> 01:53:52,060 |take the FIB and you're high here, you're going to take that and anchor it
1613 |1369 |01:53:52,060 ~-~-> 01:53:59,140 |to the lowest low at seven o'clock. And this is what my Fibonacci settings are.
1614 |1370 |01:53:59,140 ~-~-> 01:54:04,980 |So that way, if you've never seen them, you can see them now. And then you have
1615 |1371 |01:54:04,980 ~-~-> 01:54:14,880 |two and a half, all right, so two, which is one standard deviation, would be
1616 |1372 |01:54:14,880 ~-~-> 01:54:18,180 |about right here, and then two standard deviations, and then you got two and a
1617 |1373 |01:54:18,180 ~-~-> 01:54:21,560 |half, which is usually, like the extreme, for like, the wick purposes,
1618 |1374 |01:54:21,560 ~-~-> 01:54:27,200 |where I can just, just get outside the range of what you'd reasonably expect.
1619 |1375 |01:54:27,440 ~-~-> 01:54:33,320 |And that's kind of like a ballpark figure. Same thing happening on the
1620 |1376 |01:54:33,320 ~-~-> 01:54:39,560 |eight o'clock hour. You can take the FIB from the high to the lowest low at eight
1621 |1377 |01:54:39,560 ~-~-> 01:54:46,420 |o'clock, all right, so we have almost all the lows in here, and then we have
1622 |1378 |01:54:46,420 ~-~-> 01:54:52,960 |the Fibonacci at nine o'clock. So the high, the highest high, at nine o'clock,
1623 |1379 |01:54:52,960 ~-~-> 01:55:02,580 |they form the floor. That's four and the lowest low, up to nine o'clock. One and
1624 |1380 |01:55:02,640 ~-~-> 01:55:05,520 |I have to go to standard deviation one, it looks like,
1625 |1381 |01:55:17,040 ~-~-> 01:55:26,600 |okay, so we have this area in here, this area in here, look how close in
1626 |1382 |01:55:26,600 ~-~-> 01:55:30,080 |proximity that is. And then you have this one here, starting at seven
1627 |1383 |01:55:30,080 ~-~-> 01:55:34,880 |o'clock. So these are all parameters without using like a thing, like average
1628 |1384 |01:55:34,880 ~-~-> 01:55:37,580 |daily range. We don't need to use anything like that. These are all
1629 |1385 |01:55:37,580 ~-~-> 01:55:42,520 |ballpark estimates where it gives you a feel for how far it can reach
1630 |1386 |01:55:42,940 ~-~-> 01:55:48,520 |mathematically by itself. That's absolutely useless information, useless.
1631 |1387 |01:55:48,700 ~-~-> 01:55:54,520 |But when you incorporate it with real range, like we have over here, so we
1632 |1388 |01:55:54,520 ~-~-> 01:55:57,880 |have below this low, that's definitely something that's possible. And if it
1633 |1389 |01:55:57,880 ~-~-> 01:56:01,560 |really wants to be animated and go below that low, it can go as far as this level
1634 |1390 |01:56:01,560 ~-~-> 01:56:05,040 |down here, and it got real close to it, but fell short of it. And that's fine,
1635 |1391 |01:56:06,300 ~-~-> 01:56:11,880 |which is one of the arguments when we start doing entries, when I start
1636 |1392 |01:56:11,880 ~-~-> 01:56:14,880 |teaching you how to actually get into the trades, and what you're you know,
1637 |1393 |01:56:14,880 ~-~-> 01:56:19,440 |what you're holding for, the targets, what you're holding for, and what it's
1638 |1394 |01:56:19,440 ~-~-> 01:56:24,980 |likely to give you, in terms of a profit or target, how to say, Okay, this is how
1639 |1395 |01:56:24,980 ~-~-> 01:56:29,360 |far it can go. But where's the highest degree of probability, where, even if it
1640 |1396 |01:56:29,360 ~-~-> 01:56:35,180 |doesn't go to that specific XYZ target, and that's the perfect case exit point,
1641 |1397 |01:56:35,660 ~-~-> 01:56:39,440 |where am I going to come to the conclusion that this is an appropriate
1642 |1398 |01:56:39,440 ~-~-> 01:56:43,000 |level for me to escape the trade and be content with that, even if it moves
1643 |1399 |01:56:43,000 ~-~-> 01:56:47,020 |beyond it, and see if it still goes 200 handles past where I get out. I don't
1644 |1400 |01:56:47,020 ~-~-> 01:56:50,980 |care, because this was such a lion's portion of the move. I'm content with
1645 |1401 |01:56:50,980 ~-~-> 01:56:56,080 |that these are types. These are types of strategies I use. Okay, I look for the
1646 |1402 |01:56:56,140 ~-~-> 01:57:00,540 |the expansion below the underlying market structure, and I reference it
1647 |1403 |01:57:00,540 ~-~-> 01:57:04,980 |with those specific elements of time, and I don't demand that they give the
1648 |1404 |01:57:04,980 ~-~-> 01:57:09,000 |highest high and the lowest low. I'm looking for a convergence of these
1649 |1405 |01:57:09,000 ~-~-> 01:57:14,940 |levels in agreement with an actual old low or an old high. Doesn't need to be
1650 |1406 |01:57:14,940 ~-~-> 01:57:18,780 |relative equal highs or relative equal lows. It's just it's reaching for
1651 |1407 |01:57:18,780 ~-~-> 01:57:25,760 |another a pool of liquidity. But for this model that you're learning, you're
1652 |1408 |01:57:25,760 ~-~-> 01:57:29,960 |looking for relative equal highs in form after seven o'clock, for relative equal
1653 |1409 |01:57:29,960 ~-~-> 01:57:34,580 |lows, and you're going to look for them to target that very drawn liquidity. And
1654 |1410 |01:57:34,580 ~-~-> 01:57:38,180 |then, as it goes to the next hour, if you don't have one or it worked off of
1655 |1411 |01:57:38,180 ~-~-> 01:57:42,820 |one already, as it did here at eight o'clock, you wait for it again, and you
1656 |1412 |01:57:42,820 ~-~-> 01:57:49,540 |measure that directional bias, where it's likely to go and if it is likely to
1657 |1413 |01:57:49,540 ~-~-> 01:57:53,440 |go, lower your focus your eye. This is the thing you're supposed to walk away
1658 |1414 |01:57:53,440 ~-~-> 01:57:58,000 |with. In terms of the learning today, your eye jumps to all the sell side and
1659 |1415 |01:57:58,000 ~-~-> 01:58:01,680 |balance by side efficiencies. That means the down, close, big range candles.
1660 |1416 |01:58:01,860 ~-~-> 01:58:06,480 |They're all by themselves that I'm highlighting on your eye jumps to those
1661 |1417 |01:58:06,720 ~-~-> 01:58:11,280 |Okay, so when you're going back and you look at last week's charts, and you do
1662 |1418 |01:58:11,280 ~-~-> 01:58:14,700 |this every single day of the week, Monday, Tuesday, Wednesday, Thursday and
1663 |1419 |01:58:14,700 ~-~-> 01:58:18,540 |Friday, and we sit down on the weekend and we look at this week, and you'll
1664 |1420 |01:58:18,540 ~-~-> 01:58:23,360 |have last week. So you're going to show me 10 charts, or 10 days of data, but
1665 |1421 |01:58:23,360 ~-~-> 01:58:29,960 |all of this needs to be shown at the very lowest, one minute chart. But
1666 |1422 |01:58:29,960 ~-~-> 01:58:33,440 |referring to things on a 15 minute chart, if it's salient, if it has some
1667 |1423 |01:58:33,800 ~-~-> 01:58:37,880 |relevance to what you're looking for, based on the rules I'm giving here, but
1668 |1424 |01:58:37,880 ~-~-> 01:58:42,940 |all you're doing is limiting your focus and highlighting, okay, it's likely to
1669 |1425 |01:58:42,940 ~-~-> 01:58:47,080 |go lower and reach for relative equal lows, or it's reaching higher for
1670 |1426 |01:58:47,080 ~-~-> 01:58:53,500 |relative equal highs, once you determine that you stick with it, even if it turns
1671 |1427 |01:58:53,500 ~-~-> 01:58:56,080 |against you, this is the part that somebody you're going to be
1672 |1428 |01:58:56,080 ~-~-> 01:58:59,320 |uncomfortable hearing, because you think it's going to work out perfectly for
1673 |1429 |01:58:59,320 ~-~-> 01:59:03,840 |you, and this is going to keep moving and you'll want to go do demo trades, or
1674 |1430 |01:59:03,840 ~-~-> 01:59:07,140 |past funded account challenges or trade with real money because you think you've
1675 |1431 |01:59:07,140 ~-~-> 01:59:12,060 |learned it already. That's a mistake. That's foolishness. Don't do that. What
1676 |1432 |01:59:12,060 ~-~-> 01:59:18,840 |you're doing is is you're sticking with an idea and a process. And my best model
1677 |1433 |01:59:18,840 ~-~-> 01:59:28,100 |isn't 100% my best model is not 100% so I have to build in what I have to afford
1678 |1434 |01:59:28,100 ~-~-> 01:59:33,620 |myself, the flexibility that I'm going to do it wrong. I'm going to be
1679 |1435 |01:59:33,620 ~-~-> 01:59:39,620 |overzealous, because if I've allowed social media, other people to be against
1680 |1436 |01:59:39,620 ~-~-> 01:59:43,660 |my idea, the more folks that are like that, I get really excited about that.
1681 |1437 |01:59:43,660 ~-~-> 01:59:48,340 |That's when I do get excited, because I know I'm a a minority in a move in the
1682 |1438 |01:59:48,340 ~-~-> 01:59:53,380 |marketplace that I know has a huge degree of probability. And then I, you
1683 |1439 |01:59:53,380 ~-~-> 01:59:58,180 |know, I many times will, I'll try to out trade my my methodology and anticipate
1684 |1440 |01:59:58,180 ~-~-> 02:00:01,740 |the setup. So this is why I stress to you. Don't, don't try to anticipate a
1685 |1441 |02:00:01,740 ~-~-> 02:00:06,600 |setup. Wait for it to be there, because if it's really there, you'll see it. And
1686 |1442 |02:00:06,600 ~-~-> 02:00:09,480 |contrast that with, well, you know, I think it's going to go up. I just want
1687 |1443 |02:00:09,480 ~-~-> 02:00:12,360 |to hurt and get in it, because I'm afraid it might run off without me. And
1688 |1444 |02:00:12,360 ~-~-> 02:00:15,180 |I don't want to wait for the setup. And then you get in, then it starts
1689 |1445 |02:00:15,180 ~-~-> 02:00:18,660 |squeezing against you, maybe even trading back to a level you thought was
1690 |1446 |02:00:18,660 ~-~-> 02:00:22,760 |going to be the entry for you, but now, because you entered at a higher level,
1691 |1447 |02:00:23,120 ~-~-> 02:00:26,840 |it's drawing money out of your account, and it you're worried about that, not
1692 |1448 |02:00:27,020 ~-~-> 02:00:30,140 |well, it was originally going to go to that level and get me in, but then you
1693 |1449 |02:00:30,140 ~-~-> 02:00:33,920 |get out, or you put a stop loss in there too quick, because you don't want to
1694 |1450 |02:00:33,920 ~-~-> 02:00:38,360 |lose too much money, even though that subconsciously, you know, you should
1695 |1451 |02:00:38,360 ~-~-> 02:00:43,360 |have never took that trade. Okay? All those things are managed and prevented
1696 |1452 |02:00:43,360 ~-~-> 02:00:46,480 |by doing what I'm telling you to do here. Don't worry about trading right
1697 |1453 |02:00:46,480 ~-~-> 02:00:49,900 |now. Don't worry about entering anything. You need to be focusing on
1698 |1454 |02:00:49,900 ~-~-> 02:00:53,980 |what is important in the marketplace right now. So if the market's going to
1699 |1455 |02:00:53,980 ~-~-> 02:01:01,680 |gravitate lower, your eye jumps to only cities. If you start seeing these
1700 |1456 |02:01:01,680 ~-~-> 02:01:07,080 |cities, that's these down, close, big, large range candles. You have one here,
1701 |1457 |02:01:07,080 ~-~-> 02:01:13,800 |you see that. And then I'm going to close it. We've had enough time to do
1702 |1458 |02:01:14,700 ~-~-> 02:01:21,440 |and, okay, we have the market trade. I think the bodies are pretty much
1703 |1459 |02:01:21,440 ~-~-> 02:01:25,220 |respecting this inefficiency. The wicks go back to this city that acts as an
1704 |1460 |02:01:25,220 ~-~-> 02:01:30,320 |inversion fair value gap, and then we have this nice launch lower, disrupting
1705 |1461 |02:01:30,380 ~-~-> 02:01:34,460 |all these relatively glows. Here, we expand down through it, and then we
1706 |1462 |02:01:34,460 ~-~-> 02:01:39,320 |trade back up to it, and it breaks lower. And then what does it do here? It
1707 |1463 |02:01:39,320 ~-~-> 02:01:44,440 |disregards it. So now something has happened down here. So when you're
1708 |1464 |02:01:44,440 ~-~-> 02:01:47,260 |looking at it spread out like it doesn't look so obvious, but when you do
1709 |1465 |02:01:47,260 ~-~-> 02:01:53,920 |something like this, take a step back. This is something I learned from Larry
1710 |1466 |02:01:53,920 ~-~-> 02:02:01,200 |Williams. If you feel like you're losing touch, zoom out or go to a hard time
1711 |1467 |02:02:01,200 ~-~-> 02:02:05,160 |frame and step back away from your charts, look at it from across the room,
1712 |1468 |02:02:05,880 ~-~-> 02:02:10,560 |and you'll see that this looks very jagged. But when you're zoomed in real
1713 |1469 |02:02:10,560 ~-~-> 02:02:15,420 |tight, it doesn't look jagged. But this is a disruption, and as I mentioned
1714 |1470 |02:02:15,660 ~-~-> 02:02:19,440 |earlier this morning, before it went below here, this would be a potential
1715 |1471 |02:02:19,440 ~-~-> 02:02:24,020 |area to look for, it to draw down based on any assumptions of this being a
1716 |1472 |02:02:24,020 ~-~-> 02:02:27,860 |reversal pattern, as I outlined with the breaker and inversion fair value gap.
1717 |1473 |02:02:28,820 ~-~-> 02:02:33,980 |But this right here is made jagged, smooth, made jagged. So what will we do?
1718 |1474 |02:02:34,220 ~-~-> 02:02:41,260 |We look for buy side by side. Would be this high and this high in here trades
1719 |1475 |02:02:41,260 ~-~-> 02:02:45,940 |above it. We don't really have a high to work off here, because this is the
1720 |1476 |02:02:45,940 ~-~-> 02:02:51,520 |highest one, and goes down as we go over here. So it's this high here. So this is
1721 |1477 |02:02:51,520 ~-~-> 02:02:55,600 |in a potential run on this high here. And that's something you can watch
1722 |1478 |02:02:55,600 ~-~-> 02:02:58,960 |today, the rest of the day, and study that. And then once it does it, if it
1723 |1479 |02:02:58,960 ~-~-> 02:03:02,700 |does it at all, you go back through the price action, and you study what was
1724 |1480 |02:03:02,700 ~-~-> 02:03:07,740 |there, and you pull out the points that you understand about what it is. I teach
1725 |1481 |02:03:07,980 ~-~-> 02:03:12,660 |breakers, fair value gaps, institutional order, flow, entry, drills, inversion,
1726 |1482 |02:03:12,660 ~-~-> 02:03:19,320 |fair value gaps, mitigation blocks in the whole the whole thing, everything
1727 |1483 |02:03:19,320 ~-~-> 02:03:23,600 |that you understand about it. And when you do that, and you're identifying
1728 |1484 |02:03:23,600 ~-~-> 02:03:27,440 |every single one of that you can see, in hindsight, what will happen is, is,
1729 |1485 |02:03:27,860 ~-~-> 02:03:31,400 |because you're collecting these screenshots and you're, you're you're
1730 |1486 |02:03:31,820 ~-~-> 02:03:37,400 |expressing your observations in your journal, what will happen is your eye
1731 |1487 |02:03:37,400 ~-~-> 02:03:43,840 |will start resonating with one particular entry model. What is an entry
1732 |1488 |02:03:43,840 ~-~-> 02:03:48,100 |model? If you think the price is going to go lower, what is the catalyst that
1733 |1489 |02:03:48,100 ~-~-> 02:03:51,460 |puts you in your trade? That's your multiplier. That's the thing you're
1734 |1490 |02:03:51,460 ~-~-> 02:03:56,380 |betting on panning out and based on where you're trying to get in at versus
1735 |1491 |02:03:56,380 ~-~-> 02:04:01,140 |where the stop loss should be relative to that trade idea you're trying to make
1736 |1492 |02:04:01,140 ~-~-> 02:04:08,460 |a multiple greater than one, okay, of whatever you're risking, and it need not
1737 |1493 |02:04:08,460 ~-~-> 02:04:12,900 |be exorbitant. You don't need to have two to one, you don't need to have three
1738 |1494 |02:04:12,900 ~-~-> 02:04:15,720 |to one, you don't need to have four to one, you don't have five to one. You
1739 |1495 |02:04:15,720 ~-~-> 02:04:20,300 |just need to be able to see and anticipate fluctuations in price that
1740 |1496 |02:04:20,300 ~-~-> 02:04:24,440 |are reasonable, and it gives you something to study, because the first
1741 |1497 |02:04:24,440 ~-~-> 02:04:28,700 |lesson you need to know is how you're going to interact with that. Soon as it
1742 |1498 |02:04:28,700 ~-~-> 02:04:32,240 |starts moving and it starts being quick about it even only moves 10 handles,
1743 |1499 |02:04:32,240 ~-~-> 02:04:35,120 |you're going to have a surge of adrenaline. And you're not even in a
1744 |1500 |02:04:35,120 ~-~-> 02:04:38,540 |real trade. It's a demo trade, but because you're seeing something that you
1745 |1501 |02:04:38,540 ~-~-> 02:04:43,000 |anticipated and starts to run in your favor. That sense of accomplishment and
1746 |1502 |02:04:43,000 ~-~-> 02:04:47,200 |satisfaction is very, very addictive, which is the reason why you go in and
1747 |1503 |02:04:47,200 ~-~-> 02:04:48,940 |you push another bump on demo, oh, trade. That
1748 |1504 |02:04:48,940 ~-~-> 02:04:52,180 |felt good. Let me do it again. Let me do it again, like someone's scratching your
1749 |1505 |02:04:52,180 ~-~-> 02:04:55,720 |back. Okay, we're doing something else for you. You don't want to find your
1750 |1506 |02:04:55,720 ~-~-> 02:05:02,280 |happy endings by over trading that that's not good. It Okay, your happy
1751 |1507 |02:05:02,280 ~-~-> 02:05:06,960 |ending comes by doing very little and being content with that. That's the
1752 |1508 |02:05:06,960 ~-~-> 02:05:12,420 |secret sauce in trading doing very little and being content with it,
1753 |1509 |02:05:13,380 ~-~-> 02:05:21,260 |everybody else, everybody else. And I was like this before too, you get a win,
1754 |1510 |02:05:21,320 ~-~-> 02:05:24,800 |or you make money, or do something right, and that sense of accomplishment,
1755 |1511 |02:05:25,880 ~-~-> 02:05:31,400 |nobody else feels it because it's it's in your skin that you're experiencing
1756 |1512 |02:05:31,400 ~-~-> 02:05:36,680 |it. And showing somebody a chart, or showing someone the the move, even if
1757 |1513 |02:05:36,680 ~-~-> 02:05:40,360 |you recorded it, sure other traders can look at that nod and think, yeah, that
1758 |1514 |02:05:40,360 ~-~-> 02:05:43,900 |was pretty good, that even if they told you you're the goat, it still isn't
1759 |1515 |02:05:43,900 ~-~-> 02:05:49,900 |going to satisfy you, because you want them to feel that elation, that orgasmic
1760 |1516 |02:05:49,900 ~-~-> 02:05:55,120 |experience that you felt because you saw it coming, you executed on it, and then
1761 |1517 |02:05:55,120 ~-~-> 02:06:00,580 |it panned out in your favor, and it delivered with fierce momentum, like It
1762 |1518 |02:06:00,580 ~-~-> 02:06:03,300 |was real quick and sudden. It was immediate response. Immediate response,
1763 |1519 |02:06:03,420 ~-~-> 02:06:06,660 |like it listened to you. It's what it feels like it listened to you, like you
1764 |1520 |02:06:06,660 ~-~-> 02:06:11,940 |had to own a leash. You need to quell that. Okay, you need to quell that
1765 |1521 |02:06:11,940 ~-~-> 02:06:18,120 |because nobody else is going to feel it like you want them to, and you're going
1766 |1522 |02:06:18,120 ~-~-> 02:06:25,220 |to be in a pursuit that always seeks outward confirmation. And by you doing
1767 |1523 |02:06:25,220 ~-~-> 02:06:28,880 |everything in your journal, and you being an island unto yourself, that
1768 |1524 |02:06:28,880 ~-~-> 02:06:33,320 |means everything you do, you're in charge of this corporation, this
1769 |1525 |02:06:33,320 ~-~-> 02:06:37,640 |enterprises you're creating. You're the CEO, you're the CFO, you're the
1770 |1526 |02:06:37,640 ~-~-> 02:06:43,180 |employee, you're the gender. You got to take the trash out. You see it, and
1771 |1527 |02:06:43,180 ~-~-> 02:06:48,220 |sometimes it's going to stink. You got to clean the toilets. You made that
1772 |1528 |02:06:48,220 ~-~-> 02:06:55,720 |mess. So it goes without saying that you should be focused on trying to keep
1773 |1529 |02:06:55,840 ~-~-> 02:07:02,400 |everything positive, filtering out negativity, and also managing your
1774 |1530 |02:07:02,520 ~-~-> 02:07:06,960 |exuberance, because you don't want it to be a sugar high all the time. Because
1775 |1531 |02:07:06,960 ~-~-> 02:07:11,220 |just like fear can paralyze you and clouds your mind when you think you
1776 |1532 |02:07:11,220 ~-~-> 02:07:16,380 |can't do anything wrong, that's usually when you are going to fail your worst.
1777 |1533 |02:07:17,100 ~-~-> 02:07:20,780 |And like it says in the Bible, says, you know, Pride goeth before the fall. You
1778 |1534 |02:07:20,780 ~-~-> 02:07:25,340 |don't want to be so high and lofty about yourself in terms of your thoughts about
1779 |1535 |02:07:25,340 ~-~-> 02:07:29,960 |yourself, or your ability or your prowess at any time, no matter if you're
1780 |1536 |02:07:29,960 ~-~-> 02:07:34,100 |been doing it for 30 plus years, or if you just discover your own routine and
1781 |1537 |02:07:34,100 ~-~-> 02:07:38,960 |then now it's feels like a model that you can trust. You have to really keep
1782 |1538 |02:07:38,960 ~-~-> 02:07:44,080 |yourself protected from becoming emotionally stimulated by your ability.
1783 |1539 |02:07:44,920 ~-~-> 02:07:49,960 |And it needs to be boring. It needs to be monotonous. It needs to be like a
1784 |1540 |02:07:49,960 ~-~-> 02:07:54,940 |business. Yeah, sure, I'm going to do all this stuff, and that might yield me
1785 |1541 |02:07:55,360 ~-~-> 02:07:59,620 |X amount of dollars if I do it correctly. But you're not focused on
1786 |1542 |02:07:59,620 ~-~-> 02:08:06,240 |that, because in the beginning stages, you want this to be so routine and so
1787 |1543 |02:08:06,300 ~-~-> 02:08:12,180 |dry and boring. You can't be emotional about it. It's just making money or
1788 |1544 |02:08:12,240 ~-~-> 02:08:17,040 |managing losses. That's it. You have to reduce it to that. And that's what a
1789 |1545 |02:08:17,040 ~-~-> 02:08:21,320 |business does. They're they're not in the business of worrying about if
1790 |1546 |02:08:21,320 ~-~-> 02:08:25,700 |they're still going to be in business. They're not doing that. They made money
1791 |1547 |02:08:25,700 ~-~-> 02:08:29,420 |with a business model, and they stick to it. And what you're doing with this is
1792 |1548 |02:08:29,420 ~-~-> 02:08:33,920 |you're starting your own business model. Caleb, you have to think about it like
1793 |1549 |02:08:33,920 ~-~-> 02:08:39,260 |that. And everybody that you allow to influence you or have an interaction
1794 |1550 |02:08:39,260 ~-~-> 02:08:44,620 |with you, they're all going to tell you something that is ass backwards. You
1795 |1551 |02:08:44,620 ~-~-> 02:08:49,420 |know who I am. You see what I do. You see how we lived. You know everything
1796 |1552 |02:08:49,480 ~-~-> 02:08:54,700 |I'm your dad, everybody else's opinion and the horseshit head up, their ass
1797 |1553 |02:08:54,700 ~-~-> 02:09:00,220 |perspective. Everybody else is talking from ignorance. Okay, you see this?
1798 |1554 |02:09:00,220 ~-~-> 02:09:04,320 |You've watched it now. You were trying to get serious about it. You want to
1799 |1555 |02:09:04,320 ~-~-> 02:09:09,000 |learn how to do it correctly, like I promised you. You cannot go quickly
1800 |1556 |02:09:09,000 ~-~-> 02:09:13,200 |through this and it's going to seem boring. It's going to feel like I don't
1801 |1557 |02:09:13,200 ~-~-> 02:09:16,260 |want to do this part. I just want to get in there and push a button. If I'm
1802 |1558 |02:09:16,260 ~-~-> 02:09:19,320 |right, I'm right. If I'm wrong, I'm wrong. That's what a man thinks. That's
1803 |1559 |02:09:19,320 ~-~-> 02:09:23,540 |the bar. That's a barbarian or gladiator perspective, I need to learn by losing
1804 |1560 |02:09:23,540 ~-~-> 02:09:28,880 |real money or trading with real money. No, you don't you stupid asshole. That's
1805 |1561 |02:09:28,880 ~-~-> 02:09:34,640 |an asshole perspective. That's somebody that's a fucking idiot, that's someone
1806 |1562 |02:09:34,640 ~-~-> 02:09:41,200 |that's fucking clueless. And I promise you, I promise you, they are not making
1807 |1563 |02:09:41,200 ~-~-> 02:09:44,380 |money, and I'm talking about living on your ass, doing whatever the fuck you
1808 |1564 |02:09:44,380 ~-~-> 02:09:49,000 |want to do, kind of money. That's a mentorship that doesn't know shit
1809 |1565 |02:09:49,060 ~-~-> 02:09:53,500 |mentality. I had to learn how to trade with real money, even if it's a small
1810 |1566 |02:09:53,500 ~-~-> 02:10:02,520 |account. That's bullshit, that's bullshit, that's bullshit. It. And many
1811 |1567 |02:10:02,520 ~-~-> 02:10:06,360 |times it's coming from the mouths of people that don't prove they can do
1812 |1568 |02:10:06,420 ~-~-> 02:10:10,080 |anything. They may even get out there and call it before it happens, let alone
1813 |1569 |02:10:10,080 ~-~-> 02:10:17,160 |trade it with real money. So you have to guard your your mind from all these
1814 |1570 |02:10:17,160 ~-~-> 02:10:21,440 |other people, because these people, they want to they're going to want to use you
1815 |1571 |02:10:21,740 ~-~-> 02:10:26,480 |as a way of finding significance in themselves. I had to tell Cody, I had to
1816 |1572 |02:10:26,480 ~-~-> 02:10:33,380 |tell Cameron, I had to tell Caleb. I had to tell his youngest son what to do. I
1817 |1573 |02:10:33,380 ~-~-> 02:10:37,640 |had to coach him because ICT his dad was telling him wrong. I had to put him on
1818 |1574 |02:10:37,640 ~-~-> 02:10:41,800 |point. All of you assholes out there are just wanting to have that opportunity to
1819 |1575 |02:10:41,800 ~-~-> 02:10:46,180 |say something to him, like you somehow fixed him, or you gave him this little
1820 |1576 |02:10:46,180 ~-~-> 02:10:50,680 |edge and you out. You all know shit. You know nothing. You absolutely know
1821 |1577 |02:10:50,680 ~-~-> 02:10:56,260 |nothing. You have no accolades. But you want to feel significant, because you
1822 |1578 |02:10:56,260 ~-~-> 02:11:00,760 |want to feel like you did something you made an installment in ICT sun, and
1823 |1579 |02:11:01,300 ~-~-> 02:11:05,340 |that's what you have to guard yourself from on an individual basis, because
1824 |1580 |02:11:05,340 ~-~-> 02:11:08,760 |soon as you say you're trying to study what I teach, everybody's going to come
1825 |1581 |02:11:08,760 ~-~-> 02:11:15,180 |at you and tell you why you shouldn't do it. Or it's a complicated thing. No,
1826 |1582 |02:11:15,180 ~-~-> 02:11:19,920 |it's work. It's not an indicator. Push a button when it tells you here it's a buy
1827 |1583 |02:11:19,920 ~-~-> 02:11:23,600 |or sell when you don't know what the hell that was all that, what's the logic
1828 |1584 |02:11:23,600 ~-~-> 02:11:29,480 |behind that? Nobody will tell you, because to do that, they're getting into
1829 |1585 |02:11:29,480 ~-~-> 02:11:33,920 |a proprietary information that creates that black box scenario where it's a
1830 |1586 |02:11:33,920 ~-~-> 02:11:37,520 |flashing Lux algo that does this and does that. What's the, what's the
1831 |1587 |02:11:37,520 ~-~-> 02:11:42,100 |method, methodology behind it? And you're going to trust that, versus what
1832 |1588 |02:11:42,100 ~-~-> 02:11:47,200 |your own experience doing something based on time and experience and seeing
1833 |1589 |02:11:47,200 ~-~-> 02:11:52,840 |the fruits of it. The next four weeks or so, you have an experiment. It's very
1834 |1590 |02:11:52,840 ~-~-> 02:11:59,020 |easy, and you'll never have to waste any more time ever if it doesn't make sense
1835 |1591 |02:11:59,020 ~-~-> 02:12:04,560 |to you, if you can't see it. Don't ever expect to learn from me. Don't ever
1836 |1592 |02:12:04,560 ~-~-> 02:12:09,300 |watch my videos. And just for you, Caleb, just expect that you're going to
1837 |1593 |02:12:09,300 ~-~-> 02:12:15,360 |work the rest of your life. Because this is as simple as it gets. That's it. It's
1838 |1594 |02:12:15,540 ~-~-> 02:12:18,840 |either going to go up or it's going to go down. Why would it go up? It's going
1839 |1595 |02:12:18,840 ~-~-> 02:12:22,760 |to go towards relative equal highs, or it's going to go down to relative equal
1840 |1596 |02:12:22,760 ~-~-> 02:12:27,800 |lows. And if they're not obvious in the chart, what do you do? Well, you force a
1841 |1597 |02:12:27,800 ~-~-> 02:12:32,300 |trade. That's what you do. Shit. If you can afford 10 contracts or 15 contracts,
1842 |1598 |02:12:32,300 ~-~-> 02:12:39,620 |you do as much as you can. No, you don't do anything. You sit on your hands, turn
1843 |1599 |02:12:39,620 ~-~-> 02:12:44,200 |the charts off and say, Okay, this is not obvious. Today. It's not obvious. If
1844 |1600 |02:12:44,200 ~-~-> 02:12:50,680 |it's not obvious, why are you risking money? Casinos operate on the basis of
1845 |1601 |02:12:50,680 ~-~-> 02:12:54,640 |it's obvious that people are going to come there with money. It's obvious that
1846 |1602 |02:12:54,640 ~-~-> 02:13:00,660 |the the odds are stacked in their favor. It's obvious that people will not quit
1847 |1603 |02:13:00,660 ~-~-> 02:13:04,560 |when they're up, when they're in profit. They will not stop trading, or I'm
1848 |1604 |02:13:04,560 ~-~-> 02:13:11,760 |sorry, they will not they will not stop betting or gambling because the bug bit
1849 |1605 |02:13:11,760 ~-~-> 02:13:18,240 |them. Oh, man, I'm up $5,000 I only came here with 250 bucks. Gertrude, hey,
1850 |1606 |02:13:18,240 ~-~-> 02:13:22,040 |we're gonna have a steak dinner tonight, but I'm coming back down afterwards. I
1851 |1607 |02:13:22,040 ~-~-> 02:13:26,480 |feel like I'm gonna make a real big run. Yeah, you're gonna run, run home,
1852 |1608 |02:13:26,540 ~-~-> 02:13:31,520 |fucking broke, but you had a good steak dinner, if I would have just stopped
1853 |1609 |02:13:31,520 ~-~-> 02:13:31,940 |right
1854 |1610 |02:13:37,220 ~-~-> 02:13:43,900 |here. It's the same thing. You have to know when the odds are in your favor and
1855 |1611 |02:13:43,900 ~-~-> 02:13:51,580 |when it's so obvious, it's so easy. That's what I'm pointing out this stuff,
1856 |1612 |02:13:51,580 ~-~-> 02:13:56,080 |and I'm telling people, look at this. Look at that. Look at this. I'm not
1857 |1613 |02:13:56,080 ~-~-> 02:14:02,520 |every single day in Tanja livestream or in trades by Matt. I'm listening to both
1858 |1614 |02:14:02,520 ~-~-> 02:14:06,060 |of them. It's, it's like background noise until I hear something that's
1859 |1615 |02:14:06,060 ~-~-> 02:14:09,180 |either funny or something that gets my attention or whatever, or if I'm waiting
1860 |1616 |02:14:09,180 ~-~-> 02:14:14,640 |for a specific straight setup, I'll go to their chat, and I'll see if they're
1861 |1617 |02:14:14,640 ~-~-> 02:14:18,480 |in love with something that's opposed to what I'm doing. And then I'll use them
1862 |1618 |02:14:18,480 ~-~-> 02:14:24,380 |as sentiment, not them particular, the live streamers, but their audience that
1863 |1619 |02:14:24,380 ~-~-> 02:14:27,920 |they allow for their open discussion of what they think is going to happen, and
1864 |1620 |02:14:27,920 ~-~-> 02:14:31,280 |the more cheer leading they think, or the more back biting they think, for
1865 |1621 |02:14:31,280 ~-~-> 02:14:35,180 |someone else that has an opinion that we need, similar to mine, I am much more
1866 |1622 |02:14:35,180 ~-~-> 02:14:39,440 |emboldened by my trade idea because of that very thing. And I don't mean that
1867 |1623 |02:14:39,440 ~-~-> 02:14:44,740 |to be disrespectful, but I've taught this openly. You know, I use social
1868 |1624 |02:14:44,740 ~-~-> 02:14:49,960 |media as a sentiment Gage, and if I have a trade idea, or I expect the market to
1869 |1625 |02:14:49,960 ~-~-> 02:14:54,400 |draw to a specific level, and the general public that doesn't think like I
1870 |1626 |02:14:54,400 ~-~-> 02:15:00,600 |teach, they if they're diametrically opposed to that to me. I like, that's
1871 |1627 |02:15:00,600 ~-~-> 02:15:04,800 |the surest thing there is, like, I have no I have no doubts that it's going to
1872 |1628 |02:15:04,800 ~-~-> 02:15:09,120 |pan out then. And then what do I do? I share it publicly. I'll go into their
1873 |1629 |02:15:09,120 ~-~-> 02:15:12,900 |chat and I'll say, look at this, or note this. And then all of a sudden, the
1874 |1630 |02:15:12,900 ~-~-> 02:15:16,860 |people like, oh, look, it's ICTs here. And then the people that are not looking
1875 |1631 |02:15:16,860 ~-~-> 02:15:19,800 |at me like a celebrity, and they're like, Okay, he just co signed. Let's
1876 |1632 |02:15:19,800 ~-~-> 02:15:22,460 |watch and see if it goes there. And they're like, Damn, he just did it
1877 |1633 |02:15:22,460 ~-~-> 02:15:27,200 |again. Their their mind. They got the they understand the plan. They
1878 |1634 |02:15:27,200 ~-~-> 02:15:32,120 |understood the assignment. Oh. ICT, just tipped his hand. This is where it's
1879 |1635 |02:15:32,120 ~-~-> 02:15:37,400 |going, guys. But everybody else is talking to me, like, hey, ICT, how you
1880 |1636 |02:15:37,400 ~-~-> 02:15:41,260 |doing? Hey. ICT, how you feeling, how Hey, ICT, how you doing on the Robins
1881 |1637 |02:15:41,260 ~-~-> 02:15:44,560 |cup? Hey, ICT, remember that guy that said this about you? Blah, blah, blah.
1882 |1638 |02:15:44,560 ~-~-> 02:15:50,560 |We saw some really interesting things about him. All that stuff is not minding
1883 |1639 |02:15:50,560 ~-~-> 02:15:57,160 |your own business, all that chat, that chatter, that's all wasted time. I'm not
1884 |1640 |02:15:57,160 ~-~-> 02:16:01,140 |reading everybody's comment. I don't have time for that. I'm looking for
1885 |1641 |02:16:01,140 ~-~-> 02:16:06,960 |keywords. If I'm bearish, I want people to talk about being bullish. I'm going
1886 |1642 |02:16:06,960 ~-~-> 02:16:14,880 |long, or I'm long this man. I love that. I love that. But if I have a trade idea
1887 |1643 |02:16:14,940 ~-~-> 02:16:19,620 |that I'm not all that terribly excited about, where I think it's it's still in
1888 |1644 |02:16:19,620 ~-~-> 02:16:27,860 |the early stages of developing, and I see so much chatter that's very similar
1889 |1645 |02:16:27,860 ~-~-> 02:16:32,840 |to what I'm expecting. I'm not taking that trade. What? Yeah, I'm not taking
1890 |1646 |02:16:32,840 ~-~-> 02:16:36,020 |that trade because if the street money is in alignment with what I'm thinking,
1891 |1647 |02:16:36,020 ~-~-> 02:16:42,040 |and it's already a lukewarm idea, anyway, I'm gonna side on the fact that
1892 |1648 |02:16:42,040 ~-~-> 02:16:46,660 |I'm probably wrong. I'll just stand out. And there's a few times, and it's not
1893 |1649 |02:16:46,660 ~-~-> 02:16:50,680 |many, but it's a few times where I stayed out because of that and it ran
1894 |1650 |02:16:50,680 ~-~-> 02:16:56,800 |without me. And that's okay. I can sleep good with that. What I don't like is if
1895 |1651 |02:16:56,800 ~-~-> 02:17:01,620 |I use them as opposing sentiment, and it's not just these two live streams.
1896 |1652 |02:17:01,620 ~-~-> 02:17:04,680 |Don't think I'm ganging up on them. I have respect for both of them. I've
1897 |1653 |02:17:04,680 ~-~-> 02:17:08,520 |pushed both their channels. I think they have the Moxie that stand out there in
1898 |1654 |02:17:08,520 ~-~-> 02:17:11,460 |front of people. They push the button in front of people. They tell you what
1899 |1655 |02:17:11,460 ~-~-> 02:17:19,560 |their opinions are. You know, it's to me, it's incredible to do because I
1900 |1656 |02:17:19,560 ~-~-> 02:17:24,260 |personally would not do that. I wouldn't do it. Frankly, none of you deserve it,
1901 |1657 |02:17:24,260 ~-~-> 02:17:29,300 |too. It's just not in my character to do it, because I will think about if I'm
1902 |1658 |02:17:29,300 ~-~-> 02:17:32,840 |wrong, say I'm wrong on this trade. I knew people were putting money behind
1903 |1659 |02:17:32,840 ~-~-> 02:17:35,960 |it, and if I lose, they lost, and I'm going to worry about their money, not
1904 |1660 |02:17:35,960 ~-~-> 02:17:43,180 |mine. Who's in charge of the trade? My emotions. So I can't I can't function
1905 |1661 |02:17:43,180 ~-~-> 02:17:46,900 |that way. It's not that I can't trade. It's just I can't trade with that type
1906 |1662 |02:17:46,900 ~-~-> 02:17:51,700 |of pressure, where, if I'm wrong and I can take that loss, you might not be in
1907 |1663 |02:17:51,700 ~-~-> 02:17:54,580 |a situation where you can and you probably over leveraged your funded
1908 |1664 |02:17:54,580 ~-~-> 02:17:59,140 |account hoping to get your thing passed in one day, because I took a trade that
1909 |1665 |02:17:59,140 ~-~-> 02:18:03,540 |made made it public. So I worry about those types of things. I don't want that
1910 |1666 |02:18:03,540 ~-~-> 02:18:06,840 |problem of having to worry about that when I put a trade on, I don't care it's
1911 |1667 |02:18:07,200 ~-~-> 02:18:12,060 |either going to work or it's not, and I'm devoid of any emotion about it. But
1912 |1668 |02:18:12,060 ~-~-> 02:18:16,380 |if I have other people that can cook, you know, cocktail, I don't want that
1913 |1669 |02:18:16,380 ~-~-> 02:18:22,940 |because it becomes a burdensome thing for me. So I say that because I I know
1914 |1670 |02:18:22,940 ~-~-> 02:18:27,740 |Caleb wants to potentially grow a channel into something like what I've
1915 |1671 |02:18:27,740 ~-~-> 02:18:33,380 |done with mine. And I'm not trying to talk him out of that, but I did very,
1916 |1672 |02:18:33,380 ~-~-> 02:18:41,800 |very vocally tell him that you have to be content with enough, you know, if, if
1917 |1673 |02:18:41,800 ~-~-> 02:18:46,360 |he gets his rent paid, or half his rent paid with whatever the channel does
1918 |1674 |02:18:46,360 ~-~-> 02:18:49,900 |while he's learning that's a huge advantage, and that's going to be an
1919 |1675 |02:18:49,900 ~-~-> 02:18:54,460 |encouragement for trying to study more to get good at doing this better and
1920 |1676 |02:18:54,460 ~-~-> 02:18:58,420 |eventually replacing his income at his job. Because that's the that's the main
1921 |1677 |02:18:58,480 ~-~-> 02:19:03,180 |goal right now, is to match what he earns at his job, and then the next goal
1922 |1678 |02:19:03,180 ~-~-> 02:19:07,800 |was to double that. And then after he can double that consistently, then he
1923 |1679 |02:19:07,800 ~-~-> 02:19:12,360 |has to do two years of saving with whatever he earns on that channel, and
1924 |1680 |02:19:12,360 ~-~-> 02:19:16,200 |what he earns in trading and what he can save at his job. Once he has two years
1925 |1681 |02:19:16,200 ~-~-> 02:19:20,720 |of that salary, then he has my blessing that he can quit his job. But prior to
1926 |1682 |02:19:20,720 ~-~-> 02:19:24,380 |that, he can't, there's no discussion. And if he tries to do it sooner than
1927 |1683 |02:19:24,380 ~-~-> 02:19:28,520 |that, I'm not going to help him, because it's irresponsible. You're setting
1928 |1684 |02:19:28,520 ~-~-> 02:19:32,600 |yourself up for failure if you do it any other way. And there's nothing different
1929 |1685 |02:19:32,600 ~-~-> 02:19:35,600 |from what I just said, from what I've said in the past about when you want to
1930 |1686 |02:19:35,600 ~-~-> 02:19:40,900 |quit and trade full time, because unless you have two years of salary, and you've
1931 |1687 |02:19:40,900 ~-~-> 02:19:47,140 |had consistently being able to double your income with your trades, you have
1932 |1688 |02:19:47,140 ~-~-> 02:19:50,680 |no business thinking about quitting your job. And I know a lot of people want to
1933 |1689 |02:19:50,680 ~-~-> 02:19:55,360 |do that, because you know that's the life, but you don't realize when you
1934 |1690 |02:19:55,360 ~-~-> 02:20:02,160 |quit your job, you've made trading harder. You. Made it harder, because now
1935 |1691 |02:20:02,160 ~-~-> 02:20:07,140 |you have to eat on your results, and that, my friends, is very, very
1936 |1692 |02:20:07,140 ~-~-> 02:20:11,340 |difficult unless you know exactly what you're doing. That means knowing when
1937 |1693 |02:20:11,340 ~-~-> 02:20:16,020 |not to do something and when to do it and when to push it real hard, because
1938 |1694 |02:20:17,040 ~-~-> 02:20:22,220 |that circumstance, that environment you're inside of right now, it's really
1939 |1695 |02:20:22,220 ~-~-> 02:20:28,940 |ripe to really be milked and just take it to the limits. But sometimes, when
1940 |1696 |02:20:28,940 ~-~-> 02:20:32,420 |we're brand new and we're overzealous about getting in there just to make
1941 |1697 |02:20:32,420 ~-~-> 02:20:36,860 |money, you think that social media influencers, and I'm guilty of this,
1942 |1698 |02:20:36,860 ~-~-> 02:20:41,320 |because I can talk somebody into doing something very easily because of the
1943 |1699 |02:20:41,320 ~-~-> 02:20:46,780 |hype that I place around the things that I promote. All my stuff is badass shit,
1944 |1700 |02:20:46,780 ~-~-> 02:20:51,760 |like it's it's top tier stuff. There's nothing like it. And when you see it
1945 |1701 |02:20:51,760 ~-~-> 02:20:57,400 |being implemented and explained and it happens, it doesn't do anything except
1946 |1702 |02:20:57,400 ~-~-> 02:21:00,220 |for get you, like, hopped up on goofballs you really want to run through
1947 |1703 |02:21:00,220 ~-~-> 02:21:02,760 |a wall. You're like, I'm ready to do this right now. I ain't got time for
1948 |1704 |02:21:02,760 ~-~-> 02:21:07,140 |this. ICD. I need to make my bread right now. So the next live stream, whatever
1949 |1705 |02:21:07,140 ~-~-> 02:21:10,020 |you say, is going to happen next time I'm putting money on that one. And if
1950 |1706 |02:21:10,020 ~-~-> 02:21:16,380 |you do that, you're an idiot, because you're going to feel emotions, physical
1951 |1707 |02:21:16,380 ~-~-> 02:21:20,460 |stimuli in your body. You're going to feel adrenaline, and that's going to
1952 |1708 |02:21:20,460 ~-~-> 02:21:25,160 |increase your heart rate, and then you'll start feeling that rush. And then
1953 |1709 |02:21:25,160 ~-~-> 02:21:30,200 |you might think about, oh, man, my hands are tingling. I feel a little excited to
1954 |1710 |02:21:30,200 ~-~-> 02:21:34,880 |feel like I'm seeing stars. And that's cortisol, and that's the stress hormone,
1955 |1711 |02:21:35,000 ~-~-> 02:21:38,960 |which literally will tear you down. You keep doing that, and then you're going
1956 |1712 |02:21:38,960 ~-~-> 02:21:42,400 |to start worrying about what you feel like, versus what's the price action
1957 |1713 |02:21:42,400 ~-~-> 02:21:46,780 |doing right now and then? I gotta walk away from the charts. I gotta, I gotta
1958 |1714 |02:21:46,780 ~-~-> 02:21:50,200 |just take a walk real quick. If you smoke, what you shouldn't do. I gotta go
1959 |1715 |02:21:50,200 ~-~-> 02:21:54,040 |get a smoke. I gotta go vape and stick the shit in my head and puff on that.
1960 |1716 |02:21:54,040 ~-~-> 02:22:02,460 |Are you in control yourself? No. Are you in control your trade? No. Are you
1961 |1717 |02:22:02,460 ~-~-> 02:22:09,360 |managing everything soberly? No, but you're trying to make money, and it's
1962 |1718 |02:22:09,360 ~-~-> 02:22:17,340 |all the wrong way. That's all the wrong way when you feel like you have lost the
1963 |1719 |02:22:17,340 ~-~-> 02:22:25,220 |plot and or you can't see it, son, don't feel obligated to tell me what you
1964 |1720 |02:22:25,220 ~-~-> 02:22:31,220 |think's going to happen. Be comfortable saying I don't know today or right now,
1965 |1721 |02:22:31,220 ~-~-> 02:22:37,760 |I don't know, and there's nothing to be ashamed of in there. I'll be more proud
1966 |1722 |02:22:37,760 ~-~-> 02:22:41,980 |of seeing you do that than trying to tell me what I know with experience,
1967 |1723 |02:22:42,220 ~-~-> 02:22:46,120 |this is dog shit. It's not going to do anything. It's it's this going to be a
1968 |1724 |02:22:46,120 ~-~-> 02:22:49,780 |mess, it's going to be unorganized, and it's going to do a whole lot of
1969 |1725 |02:22:49,780 ~-~-> 02:22:54,520 |unfulfilled delivery of price. That means it's chopping around and moving
1970 |1726 |02:22:54,520 ~-~-> 02:23:01,320 |around without any real rhyme or reason, because it can stay in a range, a
1971 |1727 |02:23:01,320 ~-~-> 02:23:05,520 |defined range, and do nothing extra outside of that. And I don't want to be
1972 |1728 |02:23:05,520 ~-~-> 02:23:11,940 |involved in an opportunity like that. I want to have where it's easy to run to a
1973 |1729 |02:23:11,940 ~-~-> 02:23:17,160 |range low. What range is that? Well, it could be the range of the seven o'clock
1974 |1730 |02:23:17,160 ~-~-> 02:23:20,540 |to eight o'clock hour. It could be the range of whatever the highest high in
1975 |1731 |02:23:20,540 ~-~-> 02:23:23,720 |the lowest low since nine o'clock or at the opening at 930
1976 |1732 |02:23:25,340 ~-~-> 02:23:29,660 |all these ranges have the potential for you to have your own unique model, and
1977 |1733 |02:23:29,660 ~-~-> 02:23:33,980 |once it trades to them, you get out. You're not trying to get 100 handles
1978 |1734 |02:23:33,980 ~-~-> 02:23:37,220 |every day, but some of you think that's what you should be doing. I gotta make
1979 |1735 |02:23:37,220 ~-~-> 02:23:43,960 |200 handles a week or I'm not killing it, really. I have students that have
1980 |1736 |02:23:44,260 ~-~-> 02:23:48,640 |one contract trades. They never do more than one contract, and they're doing
1981 |1737 |02:23:48,640 ~-~-> 02:23:58,960 |$20,000 a month, month after month after month after month. And they still keep
1982 |1738 |02:23:58,960 ~-~-> 02:24:03,360 |their job, they still have their insurance. They're not trying to impress
1983 |1739 |02:24:03,360 ~-~-> 02:24:07,080 |me with I'm trading two contracts now. They're like, I don't need to change
1984 |1740 |02:24:07,080 ~-~-> 02:24:12,840 |anything. This is good. You know what that is? That's maturity. And I fucking
1985 |1741 |02:24:12,840 ~-~-> 02:24:19,560 |love that. I love that because that's someone that listened, that's someone
1986 |1742 |02:24:19,560 ~-~-> 02:24:24,500 |that did the personal inventory on how they interact. How do they engage price
1987 |1743 |02:24:24,500 ~-~-> 02:24:31,460 |action? How do they work within the strengths of being in a state of not
1988 |1744 |02:24:31,460 ~-~-> 02:24:35,480 |knowing for sure what's going to happen, managing themselves, following the
1989 |1745 |02:24:35,480 ~-~-> 02:24:39,440 |processes and protocols and just submitting themselves to the process and
1990 |1746 |02:24:39,440 ~-~-> 02:24:44,440 |being content with enough 20 grand a month. Do you earn that at your job?
1991 |1747 |02:24:45,580 ~-~-> 02:24:52,180 |Chances are no you don't. I promise you, most trading influencers on social media
1992 |1748 |02:24:52,420 ~-~-> 02:24:54,220 |don't make that in their trades. Mm, hmm.
1993 |1749 |02:25:01,260 ~-~-> 02:25:04,560 |And I'm certain she could do a whole lot more. Oh, I shouldn't have said that.
1994 |1750 |02:25:04,560 ~-~-> 02:25:09,540 |Well, they can do a whole lot more than that. I'm convinced that they could,
1995 |1751 |02:25:09,780 ~-~-> 02:25:14,880 |because they only take one set up a day. They have a one trick pony mindset.
1996 |1752 |02:25:14,880 ~-~-> 02:25:19,380 |They're not trying to bring every ICT bell in West Linda the conversation.
1997 |1753 |02:25:19,920 ~-~-> 02:25:23,300 |They wait for one simple little thing, and when it happens, they take the
1998 |1754 |02:25:23,300 ~-~-> 02:25:27,320 |trade, they have their stop loss, it's reasonable all the time, and then bang,
1999 |1755 |02:25:27,980 ~-~-> 02:25:32,240 |once it trades to a high or a low that they know liquidity is resting at,
2000 |1756 |02:25:32,480 ~-~-> 02:25:36,200 |they're done for the day, and it doesn't matter to them when it has these big
2001 |1757 |02:25:36,200 ~-~-> 02:25:43,060 |Range Days. How about having something like that as a mindset initially, not
2002 |1758 |02:25:43,060 ~-~-> 02:25:46,900 |that you have to aim for $20,000 or you're not successful. If you just make
2003 |1759 |02:25:46,900 ~-~-> 02:25:53,200 |one quarter of your income a week and you lose four times out of five trades,
2004 |1760 |02:25:53,260 ~-~-> 02:25:58,600 |but you were still able to net that is, that is that failure? Some of you on
2005 |1761 |02:25:58,600 ~-~-> 02:26:03,360 |social media would see that that's that's failure. It's not. When you are
2006 |1762 |02:26:03,360 ~-~-> 02:26:09,420 |brand new. You better expect to have those types of results as a first rung
2007 |1763 |02:26:09,480 ~-~-> 02:26:13,200 |objective or goal, because you're going to flounder in the beginning. You're
2008 |1764 |02:26:13,200 ~-~-> 02:26:17,520 |going to feel like you don't have what it takes. And you're going to look at
2009 |1765 |02:26:17,520 ~-~-> 02:26:22,160 |days where it's challenging technically. You know, there's days where the market
2010 |1766 |02:26:22,160 ~-~-> 02:26:25,340 |may appear it's going to do so, so obvious, it's going to go here or go
2011 |1767 |02:26:25,340 ~-~-> 02:26:32,180 |there, and I'll get tripped up in that I'm human. I might come into it with a
2012 |1768 |02:26:32,180 ~-~-> 02:26:35,000 |case of the ass. I'm mad about something to happen. A guy cut me off the other
2013 |1769 |02:26:35,000 ~-~-> 02:26:39,320 |day on the road, and I'm still pissed off about it. You know, I'm trying to
2014 |1770 |02:26:39,320 ~-~-> 02:26:43,540 |exact revenge on this guy. I'll show him. He doesn't even think about an
2015 |1771 |02:26:43,540 ~-~-> 02:26:47,680 |email. And that's what we do as humans. We bring in all of our mental baggage,
2016 |1772 |02:26:48,040 ~-~-> 02:26:52,540 |and we want to have a triumph that reminds us that we're we're more than
2017 |1773 |02:26:52,540 ~-~-> 02:26:56,500 |what everybody else thinks of us or what we think of ourselves the previous day.
2018 |1774 |02:26:56,500 ~-~-> 02:27:02,340 |What do you think it's doing here? Just like we had over here, we had a
2019 |1775 |02:27:02,340 ~-~-> 02:27:07,380 |disruption. We have a disruption down here. So where's their relative equal
2020 |1776 |02:27:07,380 ~-~-> 02:27:16,020 |highs here and here. So what are we looking for? We want to see if it can
2021 |1777 |02:27:16,320 ~-~-> 02:27:21,200 |muster the ability to poke its head above high of a day over here. I
2022 |1778 |02:27:28,160 ~-~-> 02:27:32,600 |hate when it does that always jumps last second later, adjusted.
2023 |1779 |02:27:37,940 ~-~-> 02:27:43,720 |So we have inefficiency here. This could be an immediate rebalance. Immediate
2024 |1780 |02:27:43,720 ~-~-> 02:27:48,460 |rebalance is when you have a extended range, or a candle that goes up and then
2025 |1781 |02:27:48,460 ~-~-> 02:27:53,620 |it drops back down and just touches the candle high and then starts to run to an
2026 |1782 |02:27:53,620 ~-~-> 02:27:57,220 |objective or liquidity, or an efficiency, something like that. We all,
2027 |1783 |02:27:57,220 ~-~-> 02:28:03,600 |we also, we also have this fair value gap here, in this case, I'd like to see
2028 |1784 |02:28:03,600 ~-~-> 02:28:08,280 |this fair value gap stay open, not traded entirely down into that candles
2029 |1785 |02:28:08,280 ~-~-> 02:28:12,660 |high, and then reach out here. So these are all little drills and exercises you
2030 |1786 |02:28:12,660 ~-~-> 02:28:17,280 |can do that will eventually lead to trade entries and trade stop placement
2031 |1787 |02:28:17,280 ~-~-> 02:28:22,400 |and management. But more specifically, it teaches you expectation, anticipatory
2032 |1788 |02:28:22,400 ~-~-> 02:28:28,640 |price reading, where you you study charts real time, and you're watching
2033 |1789 |02:28:28,640 ~-~-> 02:28:31,580 |price. It has to be on a real time basis. It can't be a market replay,
2034 |1790 |02:28:31,580 ~-~-> 02:28:36,200 |because Market Replay is like, stilted. It's like wooden. It's stunted. It
2035 |1791 |02:28:36,200 ~-~-> 02:28:41,320 |doesn't have the fluidity that a real time candlestick has. Where you see the
2036 |1792 |02:28:41,320 ~-~-> 02:28:45,400 |candle, like, for instance, is your one minute candlesticks, so they can be seen
2037 |1793 |02:28:45,400 ~-~-> 02:28:48,760 |where, at one time it could be looking very much like it's going to be a down
2038 |1794 |02:28:48,760 ~-~-> 02:28:53,020 |close candle, and all of a sudden it flips and goes the other direction.
2039 |1795 |02:28:53,500 ~-~-> 02:28:57,700 |That's a dynamic, fluid environment. You want to be able to see price action if
2040 |1796 |02:28:57,700 ~-~-> 02:29:02,160 |you think you're going to trade well and consistently without having that
2041 |1797 |02:29:02,220 ~-~-> 02:29:08,520 |exposure to price, like you can't skip that part and be good. I promise you it
2042 |1798 |02:29:08,520 ~-~-> 02:29:14,160 |doesn't. It doesn't work. Nobody ever gets consistently profitable without
2043 |1799 |02:29:14,160 ~-~-> 02:29:19,740 |doing some measure of forward testing and back testing. It may be miniscule
2044 |1800 |02:29:19,740 ~-~-> 02:29:25,520 |for some that are very, very gifted, but it's usually failure without doing it.
2045 |1801 |02:29:25,940 ~-~-> 02:29:30,800 |And when you start understanding the things that I'm outlining, you'll see
2046 |1802 |02:29:30,800 ~-~-> 02:29:33,800 |that there's plenty of opportunities. There's so many opportunities that are
2047 |1803 |02:29:33,800 ~-~-> 02:29:40,040 |there all day long. But because you have painted yourself into a corner, you
2048 |1804 |02:29:40,040 ~-~-> 02:29:44,200 |think that there's no way that I'm going to be profitable unless I get the big
2049 |1805 |02:29:44,200 ~-~-> 02:29:48,460 |run of the day, so I'm going to start hunting just for the big run of the day,
2050 |1806 |02:29:48,880 ~-~-> 02:29:53,500 |and you might miss the ideal entry point, which that gives me, I guess, the
2051 |1807 |02:29:53,500 ~-~-> 02:29:56,920 |perfect opportunity to use that 15 second chart. Because you were thinking
2052 |1808 |02:29:56,920 ~-~-> 02:30:00,720 |earlier when I said we're going to say this and quit. You. Because this is
2053 |1809 |02:30:00,720 ~-~-> 02:30:05,520 |supposed to be a short one, right? I'll use this as an opportunity to go into
2054 |1810 |02:30:05,520 ~-~-> 02:30:09,000 |the 15 second chart in a second. I promise. I won't close the live stream
2055 |1811 |02:30:09,000 ~-~-> 02:30:14,100 |until I do that part, because I did mention it earlier. But one of the key
2056 |1812 |02:30:14,100 ~-~-> 02:30:19,320 |takeaways by doing this mentorship with you is I'm teaching you son to look at
2057 |1813 |02:30:19,320 ~-~-> 02:30:27,260 |price with these little, tiny, little pieces of repeating phenomena, and they
2058 |1814 |02:30:27,260 ~-~-> 02:30:32,840 |happen at specific times of the day. They happen at a measure of frequency
2059 |1815 |02:30:32,840 ~-~-> 02:30:37,940 |that is sustainable. It is going to repeat weeks and months and years in
2060 |1816 |02:30:37,940 ~-~-> 02:30:42,520 |advance. As long as there's a market, these things will manifest. They will
2061 |1817 |02:30:42,700 ~-~-> 02:30:47,440 |they will repeat over and over and over again. All of them will not be
2062 |1818 |02:30:47,440 ~-~-> 02:30:54,640 |profitable. The majority of them tend to be okay. So I'm setting your
2063 |1819 |02:30:54,640 ~-~-> 02:31:00,900 |expectations and trying to calibrate your your well expectations to a degree
2064 |1820 |02:31:00,900 ~-~-> 02:31:06,240 |that you should not be expecting perfection. Okay, that's something that
2065 |1821 |02:31:06,240 ~-~-> 02:31:11,100 |should be first and foremost. Don't expect perfection. Don't expect
2066 |1822 |02:31:11,100 ~-~-> 02:31:16,980 |everything that you do to be without pain. It's going to be hard, especially
2067 |1823 |02:31:16,980 ~-~-> 02:31:21,000 |in the beginning, where you feel like, you know, I have the best of the best.
2068 |1824 |02:31:21,000 ~-~-> 02:31:25,700 |Dads give me the best of the best. So therefore I should have no expectations
2069 |1825 |02:31:25,700 ~-~-> 02:31:32,720 |for adversity. It's going to be really, really hard, because you don't know the
2070 |1826 |02:31:32,720 ~-~-> 02:31:36,320 |outcome. And as much as you might want to dismiss it psychologically and say, I
2071 |1827 |02:31:36,320 ~-~-> 02:31:42,820 |have, I have the best of the best, you still have to endure the waiting of this
2072 |1828 |02:31:42,880 ~-~-> 02:31:47,560 |to pan out, and you still have to go through the process of developing, like
2073 |1829 |02:31:47,560 ~-~-> 02:31:51,880 |the rest of my students, there's nothing that you're going to be subjected to
2074 |1830 |02:31:51,880 ~-~-> 02:31:55,900 |that puts you at the front of the line. There's no shortcuts around this part.
2075 |1831 |02:31:56,200 ~-~-> 02:32:00,840 |This is the stuff that every single profitable trader does, and this is what
2076 |1832 |02:32:00,840 ~-~-> 02:32:04,260 |they do to make that money. They got to be in front of the charts. They had to
2077 |1833 |02:32:04,260 ~-~-> 02:32:08,760 |submit themselves to the idea when they co sign and say, Okay, I'm going to
2078 |1834 |02:32:08,760 ~-~-> 02:32:12,840 |assume a trade and take on that responsibility and risk. They have to
2079 |1835 |02:32:13,680 ~-~-> 02:32:20,180 |agree on if they are wrong, this is what they have to lose. And why compound that
2080 |1836 |02:32:20,180 ~-~-> 02:32:25,580 |by saying I'm taking a trade into the ether, saying I'm going long or I'm
2081 |1837 |02:32:25,580 ~-~-> 02:32:30,140 |going short, and this is where my stop loss is, for the sake of being able to
2082 |1838 |02:32:30,140 ~-~-> 02:32:35,540 |say you did it when you don't know what you're doing yet, or even when you first
2083 |1839 |02:32:35,540 ~-~-> 02:32:40,300 |find profitability, young men tend to want to do that, because it's Like the
2084 |1840 |02:32:40,300 ~-~-> 02:32:45,400 |gladiator scenario, where they want to do something to impress everyone, making
2085 |1841 |02:32:45,400 ~-~-> 02:32:49,960 |money, it wasn't enough for them. Being profitable wasn't enough for them. They
2086 |1842 |02:32:49,960 ~-~-> 02:32:56,740 |want to be lifted up on a pedestal and say, You are a goat, and that's a sign
2087 |1843 |02:32:56,800 ~-~-> 02:33:04,200 |and character flaw that is synonymous with men, usually young men, and I don't
2088 |1844 |02:33:04,200 ~-~-> 02:33:08,100 |want you to grow into that. I want you to be humble. I want you to be modest. I
2089 |1845 |02:33:08,100 ~-~-> 02:33:11,340 |want you to feel like you're you're blessed if God gives you your
2090 |1846 |02:33:11,340 ~-~-> 02:33:16,800 |understanding to this, and I'm praying that he gives it to you when this is
2091 |1847 |02:33:17,340 ~-~-> 02:33:21,500 |something that you can do on a consistent basis, you shouldn't go
2092 |1848 |02:33:21,500 ~-~-> 02:33:24,680 |around like a sharp stick and beat everybody over the head and say, you
2093 |1849 |02:33:24,680 ~-~-> 02:33:30,740 |know you're inferior, because this is what I'm my pedigree is this, and I can
2094 |1850 |02:33:30,740 ~-~-> 02:33:35,900 |do this because I learned this way of doing it. Number one, it's ugly. I won't
2095 |1851 |02:33:36,080 ~-~-> 02:33:40,360 |be proud of you for doing that. I don't think you would do that. But I say that
2096 |1852 |02:33:40,360 ~-~-> 02:33:44,680 |because I know other people are listening and they might have that as an
2097 |1853 |02:33:44,680 ~-~-> 02:33:48,880 |aspiration for I want to do this because I want to be significant in the
2098 |1854 |02:33:48,880 ~-~-> 02:33:54,640 |industry. I want to make a name for myself for the sake of clout, and the
2099 |1855 |02:33:54,640 ~-~-> 02:34:02,220 |best measuring stick is being content with what you did, how you did it. You
2100 |1856 |02:34:02,220 ~-~-> 02:34:07,500 |didn't hurt anybody, you didn't belittle anybody, you didn't try to measure
2101 |1857 |02:34:07,500 ~-~-> 02:34:12,000 |yourself up against anyone else, and you don't concern yourself with those types
2102 |1858 |02:34:12,000 ~-~-> 02:34:18,120 |of things. When you trade and live your life like that, you will have no drama,
2103 |1859 |02:34:19,080 ~-~-> 02:34:23,180 |you'll have no spirit of competition that you have to live up to. You don't
2104 |1860 |02:34:23,180 ~-~-> 02:34:28,040 |owe anybody anything. You don't owe dad any explanations for how you're doing
2105 |1861 |02:34:28,040 ~-~-> 02:34:31,160 |it. You don't know anybody on social media an explanation of how you're
2106 |1862 |02:34:31,160 ~-~-> 02:34:36,380 |doing. You have no reason to give anybody a testimony or update of where
2107 |1863 |02:34:36,380 ~-~-> 02:34:42,460 |you are and how you're doing. But if you choose to do that, do it tactically. Do
2108 |1864 |02:34:42,460 ~-~-> 02:34:45,760 |it in a manner where it's disarming. You're not trying to make anybody else
2109 |1865 |02:34:45,760 ~-~-> 02:34:49,360 |feel like they're inferior. You're not looking at anyone trying to say, you
2110 |1866 |02:34:49,360 ~-~-> 02:34:53,500 |know, I'm better at you, I'm better at this than you, or I'm going to be faster
2111 |1867 |02:34:53,500 ~-~-> 02:34:56,980 |in profitability, because, as I know, I guarantee you, there's lots of students
2112 |1868 |02:34:56,980 ~-~-> 02:35:01,440 |out there right now that are going to try to race to. Consistently profitable
2113 |1869 |02:35:01,920 ~-~-> 02:35:08,160 |with you, and that's a that's a terrible, terrible thing to do, because
2114 |1870 |02:35:08,160 ~-~-> 02:35:14,040 |it's not a competition. You know, it may take you longer than you already think
2115 |1871 |02:35:14,040 ~-~-> 02:35:19,200 |it may take. And I want you to know, as your dad, it's okay. It's okay. There's
2116 |1872 |02:35:19,200 ~-~-> 02:35:23,900 |no rush. I'm not going to ever run out of interest in trying to help you. This
2117 |1873 |02:35:23,900 ~-~-> 02:35:28,640 |is what I've lived for. I've wanted you to do this. And here you go. It pans out
2118 |1874 |02:35:28,640 ~-~-> 02:35:35,180 |that was a immediate rebalance. Immediate rebalance is here, retreats
2119 |1875 |02:35:35,180 ~-~-> 02:35:39,560 |down, touches the candle, rallies up, and then we have a order block. It
2120 |1876 |02:35:39,560 ~-~-> 02:35:43,960 |trades down into that and then expands up to there. So if you did something
2121 |1877 |02:35:43,960 ~-~-> 02:35:45,040 |like that where,
2122 |1878 |02:35:50,080 ~-~-> 02:35:55,060 |I don't know now, I forgot where the candles because I was so interested in
2123 |1879 |02:35:55,060 ~-~-> 02:35:59,140 |talking, but nonetheless, it delivered where, where we thought it would go. I
2124 |1880 |02:35:59,140 ~-~-> 02:36:03,540 |said I wanted to see this stay open here, because that would act as a
2125 |1881 |02:36:03,540 ~-~-> 02:36:08,160 |breakaway gap. And then the Yeah, this should have been the immediate rebalance
2126 |1882 |02:36:08,160 ~-~-> 02:36:13,680 |there. And the next candle is it rallies up, and then it trick you back down into
2127 |1883 |02:36:14,160 ~-~-> 02:36:17,340 |this down close candle, which is an order block. It rallies up, it
2128 |1884 |02:36:17,340 ~-~-> 02:36:22,280 |completely closes in this inefficiency one more time, taps into it there, and
2129 |1885 |02:36:22,280 ~-~-> 02:36:25,940 |then finally reaches up. I would absolutely be done. I wouldn't touch
2130 |1886 |02:36:25,940 ~-~-> 02:36:29,900 |anything the rest of the day. There wouldn't be anything else I'd be
2131 |1887 |02:36:29,900 ~-~-> 02:36:32,900 |interested, and it could have all kinds of excitement right now. I wouldn't
2132 |1888 |02:36:32,900 ~-~-> 02:36:38,420 |touch anything more. Why? Because we have traded down. We had a disruption,
2133 |1889 |02:36:38,660 ~-~-> 02:36:43,420 |took out the sell side after we had a disruption here, and then we've come
2134 |1890 |02:36:43,420 ~-~-> 02:36:47,380 |back and touched the high of the day. So I wouldn't want to worry about trading
2135 |1891 |02:36:47,380 ~-~-> 02:36:50,980 |in the afternoon. I wouldn't worry about doing anything. I would be content with
2136 |1892 |02:36:50,980 ~-~-> 02:36:54,880 |whatever it is that you've done, whatever you've collected today in terms
2137 |1893 |02:36:54,880 ~-~-> 02:37:04,320 |of insight, experience, logging, encouragement, whatever that is, okay.
2138 |1894 |02:37:05,460 ~-~-> 02:37:10,140 |It would be content and left right where it is right now. But I want to drop down
2139 |1895 |02:37:10,140 ~-~-> 02:37:14,760 |into a 15 second and kind of tell you what I was talking about as we started
2140 |1896 |02:37:14,760 ~-~-> 02:37:21,740 |this live stream. Let me go down into the 15 second chart.
2141 |1897 |02:37:26,899 ~-~-> 02:37:38,059 |Let's highlight this first All right, and then we'll make that green so it's
2142 |1898 |02:37:38,239 ~-~-> 02:37:45,219 |it's highlighting. So here's the five minute price run in here. Okay, and this
2143 |1899 |02:37:45,219 ~-~-> 02:37:48,699 |is the immediate rebalance right there. So I'm going to draw a little line on
2144 |1900 |02:37:48,699 ~-~-> 02:37:58,659 |that. And as you see, everything I'm doing here, it's highlighting it. It's
2145 |1901 |02:37:58,659 ~-~-> 02:38:06,239 |highlighting it on the 15 second chart Okay, and now we can take our attention
2146 |1902 |02:38:06,239 ~-~-> 02:38:10,079 |over here. So I annotated everything that I was talking about and expecting
2147 |1903 |02:38:10,079 ~-~-> 02:38:14,159 |on the one minute chart. Real time with you, and now we're inside this price
2148 |1904 |02:38:14,159 ~-~-> 02:38:18,419 |run. So I'm going to talk about and what I mentioned to my private mentorship the
2149 |1905 |02:38:18,419 ~-~-> 02:38:25,339 |other day. This is the price delivery continuum theory, where you have an
2150 |1906 |02:38:25,339 ~-~-> 02:38:31,279 |expectation where price is going to gravitate to, and it gives you a
2151 |1907 |02:38:31,279 ~-~-> 02:38:36,559 |continuous opportunity for you to be a participant in it. Because the markets
2152 |1908 |02:38:36,559 ~-~-> 02:38:40,719 |are fractal, they're going to offer you setups on one time frame, and then that
2153 |1909 |02:38:40,719 ~-~-> 02:38:45,159 |time frame has, once it's expired, all of its opportunities. That's used for an
2154 |1910 |02:38:45,159 ~-~-> 02:38:50,439 |entry mechanism. You can't do anything else unless you're going to just chase
2155 |1911 |02:38:50,439 ~-~-> 02:38:53,979 |price. I don't chase price, okay? I'm going to show you how you can
2156 |1912 |02:38:53,979 ~-~-> 02:38:58,479 |effectively, efficiently use a 15 second chart. Should you ever want to do? So
2157 |1913 |02:38:58,899 ~-~-> 02:39:03,179 |you don't have to, okay, but you're going to find that it is very forgiving
2158 |1914 |02:39:03,899 ~-~-> 02:39:14,939 |for traders that have missed an ideal entry and or wants to. I'm going to say
2159 |1915 |02:39:14,939 ~-~-> 02:39:19,559 |this, but please do not take this as an invitation to start doing it yet,
2160 |1916 |02:39:19,619 ~-~-> 02:39:25,999 |because pyramiding and adding to a trade that's winning. That is very, very
2161 |1917 |02:39:25,999 ~-~-> 02:39:30,499 |challenging for me as a mentor to teach that, because I already know that you
2162 |1918 |02:39:30,499 ~-~-> 02:39:35,059 |want to do as much as you can to make money as fast as you can. You see all
2163 |1919 |02:39:35,059 ~-~-> 02:39:40,599 |these people out here to have 1516, 20 accounts, and they're doing lots of
2164 |1920 |02:39:40,599 ~-~-> 02:39:49,419 |withdrawals, pretty sizable withdrawals from from trading, all that, and it's
2165 |1921 |02:39:49,419 ~-~-> 02:39:54,039 |important for you to be comfortable being consistent with small trades in
2166 |1922 |02:39:54,039 ~-~-> 02:39:58,179 |the beginning, because if you can be consistent making small trades, you're
2167 |1923 |02:39:58,179 ~-~-> 02:40:06,539 |building the mindset. Building the well, the skill set, really, that's the best
2168 |1924 |02:40:06,539 ~-~-> 02:40:12,599 |way of saying it, to adhere to rules and not chase extra money. And you're going
2169 |1925 |02:40:12,599 ~-~-> 02:40:17,099 |to want to do bigger, bigger, bigger trades all the time, especially if you
2170 |1926 |02:40:17,099 ~-~-> 02:40:20,959 |start sharing your results with people on social media, because a novelty will
2171 |1927 |02:40:20,959 ~-~-> 02:40:25,039 |wear off fast. You know, when you buy a really nice sports car, everybody around
2172 |1928 |02:40:25,039 ~-~-> 02:40:27,319 |you, your friends, your neighbors, and they're like, oh, wow, that's really
2173 |1929 |02:40:27,319 ~-~-> 02:40:31,099 |nice. Five weeks later, they might look at you as you go down the road, but
2174 |1930 |02:40:31,099 ~-~-> 02:40:38,419 |they're not they're not saying that only happens the first time. Everything's got
2175 |1931 |02:40:38,419 ~-~-> 02:40:44,379 |a novelty aspect to it. It everything wears away, and when you start being
2176 |1932 |02:40:44,379 ~-~-> 02:40:50,319 |profitable, if those trades are by most of the industry's expectations, you
2177 |1933 |02:40:50,319 ~-~-> 02:40:55,179 |know, $1,000 a week, that's awesome. I'm a millionaire, and I'm telling you now,
2178 |1934 |02:40:55,239 ~-~-> 02:40:59,019 |if you can make $1,000 a week trading, you're doing really good. There's
2179 |1935 |02:40:59,019 ~-~-> 02:41:01,619 |nothing to be ashamed of. That's actually something to be very, very
2180 |1936 |02:41:01,619 ~-~-> 02:41:07,019 |proud of. But what happens if you can only make $200 right now or in the first
2181 |1937 |02:41:07,019 ~-~-> 02:41:12,719 |three or four months of you trying to do this? That's not failure. Failure is I'm
2182 |1938 |02:41:12,719 ~-~-> 02:41:15,839 |quitting and I'm never going to put more effort into this. That's, that's,
2183 |1939 |02:41:15,959 ~-~-> 02:41:21,199 |that's, that's bad, so you have to lower your expectation. But anyway, as I was
2184 |1940 |02:41:21,199 ~-~-> 02:41:24,979 |showing on the one minute chart, it was likely to come back down and touch the
2185 |1941 |02:41:24,979 ~-~-> 02:41:29,239 |top of the candle and then start to expand up into this blue level. Okay,
2186 |1942 |02:41:29,239 ~-~-> 02:41:33,079 |that was the initial high of the day, right at seven o'clock in the morning,
2187 |1943 |02:41:33,079 ~-~-> 02:41:37,819 |using the morning session. And if you look at what was happening here, it
2188 |1944 |02:41:37,819 ~-~-> 02:41:43,959 |traded up and then came right back down. See that what's what is occurring there,
2189 |1945 |02:41:45,279 ~-~-> 02:41:51,819 |what's occurring here, it's coming right back down, and it's rebalancing the
2190 |1946 |02:41:51,819 ~-~-> 02:41:58,539 |inefficiency of this quick, sudden price run from this close to that close.
2191 |1947 |02:41:59,619 ~-~-> 02:42:03,959 |That's what's occurring. So what the algorithm does, it refers back to that
2192 |1948 |02:42:03,959 ~-~-> 02:42:11,819 |price point at that time, and this is what goes on the market. Algorithm
2193 |1949 |02:42:11,819 ~-~-> 02:42:17,159 |starts from a higher Time Frame and refers to key price points that are
2194 |1950 |02:42:17,159 ~-~-> 02:42:23,239 |salient to where it's at right now, at given sets of time, as I'm teaching you
2195 |1951 |02:42:23,239 ~-~-> 02:42:27,859 |here, it will refer to close proximity points of reference, and that means
2196 |1952 |02:42:27,919 ~-~-> 02:42:32,479 |things like this, where we have a quick, sudden run like this, in a 15 second
2197 |1953 |02:42:32,479 ~-~-> 02:42:39,199 |chart, in a five second chart, a one second chart, it's cycling through very,
2198 |1954 |02:42:39,199 ~-~-> 02:42:42,819 |very fast the the mechanism this, it's it's going through all these
2199 |1955 |02:42:42,819 ~-~-> 02:42:50,619 |calculations so fast you can't keep up with what, what's actually going on. So
2200 |1956 |02:42:50,619 ~-~-> 02:42:54,339 |when I had to sit down and create a language to try to compare and contrast,
2201 |1957 |02:42:54,339 ~-~-> 02:43:00,659 |the closest thing I can and not break any agreements, this is what you have,
2202 |1958 |02:43:00,659 ~-~-> 02:43:06,959 |you have this visual representation of it, where it's likely to draw to this
2203 |1959 |02:43:06,959 ~-~-> 02:43:14,399 |level, and just above it, it comes back down, and where there's an absence of a
2204 |1960 |02:43:14,399 ~-~-> 02:43:23,959 |fair offer for buying On a down tick. Okay, you ever hear how, like when, when
2205 |1961 |02:43:23,959 ~-~-> 02:43:30,019 |the circuit breakers go off on the market goes too far one direction,
2206 |1962 |02:43:30,199 ~-~-> 02:43:34,639 |there's a circuit breaker, they halt trading, say, for instance, the market
2207 |1963 |02:43:34,639 ~-~-> 02:43:40,899 |goes down too fast, too much at one time. And they pause trading until the
2208 |1964 |02:43:40,899 ~-~-> 02:43:45,579 |market starts to tick up. Okay, there's a lot of high frequency trading
2209 |1965 |02:43:45,579 ~-~-> 02:43:49,539 |algorithms that operate and engage in a marketplace like that. So they're
2210 |1966 |02:43:49,599 ~-~-> 02:43:55,359 |filtering out of they're not trying to buy when the market's expanding up. But
2211 |1967 |02:43:55,359 ~-~-> 02:43:59,679 |what their algorithm seeks is these inefficiencies here, and then they once
2212 |1968 |02:43:59,679 ~-~-> 02:44:04,019 |they get inside that range, once it meets that threshold of trading into it,
2213 |1969 |02:44:04,199 ~-~-> 02:44:10,679 |then once it's met, then it trades the first down tick after that, and then
2214 |1970 |02:44:10,679 ~-~-> 02:44:19,499 |their algorithm fires entry orders to get long knowing that the algorithm Is
2215 |1971 |02:44:19,499 ~-~-> 02:44:24,139 |repricing. Here you can, if you have the benefit of looking at Time and Sales,
2216 |1972 |02:44:24,199 ~-~-> 02:44:28,879 |you can look at how many contracts were traded here, from here, that's not a lot
2217 |1973 |02:44:28,879 ~-~-> 02:44:34,039 |of contracts. That's not a lot of contracts from here to there. It doesn't
2218 |1974 |02:44:34,039 ~-~-> 02:44:40,579 |take a lot of contracts to move price. It just needs one contract to book and
2219 |1975 |02:44:40,699 ~-~-> 02:44:47,859 |show time of sales. It's not volume that's moving price. Volume precedes
2220 |1976 |02:44:47,859 ~-~-> 02:44:52,299 |Price. That's a textbook right out of every retail language book there is,
2221 |1977 |02:44:53,379 ~-~-> 02:45:00,779 |volume precedes Price. What does that mean? There's going to be a lot. Volume
2222 |1978 |02:45:01,739 ~-~-> 02:45:09,059 |in this area down here? Why? Because it took stops out what's below here still
2223 |1979 |02:45:09,059 ~-~-> 02:45:17,399 |stops. So volume will be larger here than it will be in here, because this is
2224 |1980 |02:45:17,399 ~-~-> 02:45:23,299 |all discovery. This is all going to levels that are outside the range. And
2225 |1981 |02:45:23,299 ~-~-> 02:45:27,379 |while there might be buy stops above this blue line that I indicated, the
2226 |1982 |02:45:27,379 ~-~-> 02:45:31,699 |further above that line we get, the less volume there will be, because everybody
2227 |1983 |02:45:31,699 ~-~-> 02:45:34,219 |wants to have a stop loss real close to a level.
2228 |1984 |02:45:35,540 ~-~-> 02:45:39,140 |And it's thinner as it gets up here. And that's why you start to see the price
2229 |1985 |02:45:39,140 ~-~-> 02:45:43,840 |start having all these big gaps, because it's pressing higher and higher and
2230 |1986 |02:45:43,840 ~-~-> 02:45:47,140 |higher. The algorithm is just going to reprice higher whether you want to be a
2231 |1987 |02:45:47,140 ~-~-> 02:45:50,380 |buyer or everybody collectively want to be a buyer or not. It's programmed to
2232 |1988 |02:45:50,380 ~-~-> 02:45:55,240 |keep offering that price, because someone is always coming in with a sell
2233 |1989 |02:45:55,240 ~-~-> 02:45:58,180 |order at market and a buy order at market. Guess what that does? It gives
2234 |1990 |02:45:58,180 ~-~-> 02:46:02,280 |you the counterparty and it's going to book price. You can sit on your hands
2235 |1991 |02:46:02,280 ~-~-> 02:46:05,100 |and talk about how you're not going to buy it, because it's this that and the
2236 |1992 |02:46:05,100 ~-~-> 02:46:09,600 |other thing, there's always some market orders coming in always, and the
2237 |1993 |02:46:09,600 ~-~-> 02:46:14,460 |algorithm knows that that function of liquidity is always present, so it will
2238 |1994 |02:46:14,460 ~-~-> 02:46:18,960 |constantly offer higher prices, and it doesn't matter how many. Tom Dixon,
2239 |1995 |02:46:18,960 ~-~-> 02:46:27,860 |Harry's from Goldman Sachs, okay? Or, well, I like kicking them around. We'll
2240 |1996 |02:46:27,920 ~-~-> 02:46:31,400 |just leave it at that. All these large investment firms, no matter how many
2241 |1997 |02:46:31,400 ~-~-> 02:46:33,980 |volume, how much volume they got, or they're trying to push into the
2242 |1998 |02:46:33,980 ~-~-> 02:46:38,180 |marketplace, they're not pressing price down. They might go out and say, Yeah,
2243 |1999 |02:46:38,180 ~-~-> 02:46:42,820 |we did this, we did that. But they're not doing shit. They're stuck in the
2244 |2000 |02:46:42,820 ~-~-> 02:46:47,620 |same delivery paradigm that every one of us is to the markets. Going to go where
2245 |2001 |02:46:47,620 ~-~-> 02:46:50,740 |they're going to go, regardless of how much buying and selling pressure there
2246 |2002 |02:46:50,740 ~-~-> 02:46:55,720 |is, period, end of story and how many equation I or not equation. But analogy
2247 |2003 |02:46:55,720 ~-~-> 02:47:00,240 |I like to use is, you know, when there's a limit, limit up, move in the
2248 |2004 |02:47:00,240 ~-~-> 02:47:05,100 |marketplace. How many contracts does it take to cause the market to open up?
2249 |2005 |02:47:05,100 ~-~-> 02:47:09,300 |Limit up? Say you're trading silver, and the markets are closed, and then we open
2250 |2006 |02:47:09,300 ~-~-> 02:47:12,660 |up, and we open up the limit up. How many contracts does it take to cause
2251 |2007 |02:47:12,660 ~-~-> 02:47:19,500 |that trade to be lock limit up? Just one. Just one contract, because it's
2252 |2008 |02:47:19,560 ~-~-> 02:47:25,700 |price oriented, but it opened at a time when that first price was offered at the
2253 |2009 |02:47:25,700 ~-~-> 02:47:29,120 |furthest extreme that the exchanges will allow. And that means that you have a
2254 |2010 |02:47:29,120 ~-~-> 02:47:34,520 |limited move. So buying and selling pressure is not it okay? It's time and
2255 |2011 |02:47:34,520 ~-~-> 02:47:42,280 |price so in here we have price dropping down to overlap this inefficiency.
2256 |2012 |02:47:42,640 ~-~-> 02:47:49,120 |There's no gap in here. Is there? Is there any gap in here? Sure, there is.
2257 |2013 |02:47:50,080 ~-~-> 02:47:50,560 |Look, I
2258 |2014 |02:48:04,440 ~-~-> 02:48:13,620 |I'm not Chris Laurie, when air, when there is a inefficiency, if it comes
2259 |2015 |02:48:13,620 ~-~-> 02:48:22,220 |down and closes it in, I'm not done with it. Relative equal highs here, fair
2260 |2016 |02:48:22,220 ~-~-> 02:48:28,520 |value gap. It trades outside of it comes back down into it here with a one
2261 |2017 |02:48:28,520 ~-~-> 02:48:36,680 |minute, immediate rebalance. So it's trading down to a deeper discount. So
2262 |2018 |02:48:36,680 ~-~-> 02:48:41,740 |this is your first return in after taking the buy side here, but this is
2263 |2019 |02:48:41,740 ~-~-> 02:48:46,000 |left intact, so this is still in play. So this dropping down that right there
2264 |2020 |02:48:46,000 ~-~-> 02:48:50,440 |would have been a 15 second long for me, if I would have been buying down in
2265 |2021 |02:48:50,440 ~-~-> 02:48:53,500 |here, or if I was long here, this would be another area where I could go long
2266 |2022 |02:48:54,280 ~-~-> 02:49:00,100 |and add another partial, but it couldn't be larger than one contract. Why?
2267 |2023 |02:49:00,100 ~-~-> 02:49:03,780 |Because we're we're long in the tooth with the price run. And my limit order
2268 |2024 |02:49:03,780 ~-~-> 02:49:10,020 |would be just above here. It wouldn't be up here. Oh, ICT. You should have been
2269 |2025 |02:49:10,620 ~-~-> 02:49:14,220 |looking for something like that. Why the low hanging fruit is just above here.
2270 |2026 |02:49:14,220 ~-~-> 02:49:17,400 |That's all I want. That's where the largest degree of volume is going to be,
2271 |2027 |02:49:17,400 ~-~-> 02:49:20,720 |because the order is going to be closer to the levels that are expected. The
2272 |2028 |02:49:20,960 ~-~-> 02:49:24,560 |algorithm is going to reprice, because it's going to do the function of what a
2273 |2029 |02:49:24,560 ~-~-> 02:49:29,360 |wick does, where it does the damage it go. It colors outside the line, just
2274 |2030 |02:49:29,360 ~-~-> 02:49:33,200 |like your son or daughter will, and she's doing exactly what she's coded to
2275 |2031 |02:49:33,200 ~-~-> 02:49:39,140 |do. But I need to be efficient with executions and remove the element of
2276 |2032 |02:49:39,440 ~-~-> 02:49:43,720 |fear and greed and regret. So I'm going to take where it's obvious for me to get
2277 |2033 |02:49:43,720 ~-~-> 02:49:49,480 |out. If you start getting out at the highest high and getting in at the
2278 |2034 |02:49:49,480 ~-~-> 02:49:52,780 |lowest low all the time, you're going to experience broker problems. They're
2279 |2035 |02:49:52,780 ~-~-> 02:49:55,960 |going to slip you. They're going to do re quotes, and you're going to miss
2280 |2036 |02:49:56,620 ~-~-> 02:49:59,440 |because if they've been de booking you, and you'll know they've been debunking
2281 |2037 |02:49:59,440 ~-~-> 02:50:04,200 |you if. You start getting that kind of stuff, and you're winning, then they'll
2282 |2038 |02:50:04,200 ~-~-> 02:50:08,040 |start messing with you, because you're taking money out of their hands. You get
2283 |2039 |02:50:08,040 ~-~-> 02:50:11,460 |mad about all you want. Oh, it's just it's wrong. It doesn't matter. You give
2284 |2040 |02:50:11,460 ~-~-> 02:50:15,720 |them permission when you signed up. It's the way it is. If they can get you out
2285 |2041 |02:50:15,720 ~-~-> 02:50:20,220 |with the liquidity, then they will, but they can't guarantee it, so there's
2286 |2042 |02:50:20,220 ~-~-> 02:50:26,900 |their gray area. So the 15 second chart, when you see things on a one minute,
2287 |2043 |02:50:26,900 ~-~-> 02:50:30,560 |five minute chart, it gives you opportunity for you to get in alignment.
2288 |2044 |02:50:30,620 ~-~-> 02:50:33,680 |Now let's just say, for sake of argument, when I was calling the one
2289 |2045 |02:50:33,680 ~-~-> 02:50:39,380 |minute institution, one minute immediate rebalance and expecting it to run up
2290 |2046 |02:50:39,380 ~-~-> 02:50:46,960 |here, okay, that is a 40 handle run or more. The live streamers on YouTube,
2291 |2047 |02:50:47,020 ~-~-> 02:50:52,360 |most of them don't see that. They get out with, like, five handles, 15
2292 |2048 |02:50:52,360 ~-~-> 02:50:57,220 |handles, 10. They might say they're aiming for 20. And they get out at
2293 |2049 |02:50:57,220 ~-~-> 02:51:01,740 |whatever they their emotions push them out of the market with. And you never
2294 |2050 |02:51:01,740 ~-~-> 02:51:05,400 |really, you never really see them enter. You don't you don't see when they're
2295 |2051 |02:51:05,400 ~-~-> 02:51:09,900 |actually telling you this is where it's happening right now. They they have a
2296 |2052 |02:51:09,900 ~-~-> 02:51:13,020 |target that's a lofty One. They'll say, I think it's going to go up here. And
2297 |2053 |02:51:13,140 ~-~-> 02:51:16,920 |then they'll say, Well, see, I caught it. Who's doing it like us. And they
2298 |2054 |02:51:16,920 ~-~-> 02:51:22,520 |show you the trade after the fact. They do that because they don't do what I'm
2299 |2055 |02:51:22,520 ~-~-> 02:51:25,220 |teaching you to do right here. And they're going to start doing it, trust
2300 |2056 |02:51:25,220 ~-~-> 02:51:28,280 |me. And then when they do it, their trading will improve, and then they'll
2301 |2057 |02:51:28,280 ~-~-> 02:51:32,420 |get more confident about pushing the button at the execution points from
2302 |2058 |02:51:32,420 ~-~-> 02:51:36,800 |beginning to end, and then they can earn the title of number one day trader on
2303 |2059 |02:51:36,800 ~-~-> 02:51:41,440 |YouTube. But until they do that, they can't. So let's say I missed this
2304 |2060 |02:51:41,440 ~-~-> 02:51:46,420 |opportunity to be long there. Okay, we have a down closed candle inside of a
2305 |2061 |02:51:46,420 ~-~-> 02:51:50,980 |fair value gap that came back down into an old inefficiency as well after the
2306 |2062 |02:51:50,980 ~-~-> 02:51:54,400 |first run above here. This is all extra credit stuff. Okay, so this is, this is
2307 |2063 |02:51:54,400 ~-~-> 02:51:57,820 |more or less not for you, Caleb. It's for the people that are familiar with my
2308 |2064 |02:51:57,820 ~-~-> 02:52:02,220 |stuff. But just want a little bit more icing on the cake when it trades back
2309 |2065 |02:52:02,220 ~-~-> 02:52:06,720 |down into this down closed candle here, that could be a buy for me as well, that
2310 |2066 |02:52:06,720 ~-~-> 02:52:12,960 |one, and we can look at this little gap right there, see that that's all it
2311 |2067 |02:52:12,960 ~-~-> 02:52:18,300 |takes. Trades down to here, my limit order would be just above midpoint of
2312 |2068 |02:52:18,300 ~-~-> 02:52:22,700 |that wick. I'm not demanding it gets me filled in it, because I may not get it.
2313 |2069 |02:52:22,700 ~-~-> 02:52:26,360 |So I'll be a little bit more forgiving and placing a limit order there, and
2314 |2070 |02:52:26,360 ~-~-> 02:52:29,480 |then I could use that to get in sync with the run if I felt like it was going
2315 |2071 |02:52:29,480 ~-~-> 02:52:33,020 |to go higher on this teaching on the basis of how to use the 15 second chart
2316 |2072 |02:52:33,020 ~-~-> 02:52:37,820 |and how it gives you a plethora of entries. There's so many entries offered
2317 |2073 |02:52:37,820 ~-~-> 02:52:42,280 |on a five second and a 15 second chart that you don't see in a one minute
2318 |2074 |02:52:42,280 ~-~-> 02:52:47,080 |chart, but the algorithm is doing the same thing. You're telling me that
2319 |2075 |02:52:47,680 ~-~-> 02:52:50,500 |people are looking at the chart and they're looking at reference points that
2320 |2076 |02:52:50,500 ~-~-> 02:52:55,300 |I've classically defined now is as PD arrays. The market keeps going back to
2321 |2077 |02:52:55,300 ~-~-> 02:52:58,960 |these price points. You mean to tell me everybody that learned from online Trade
2322 |2078 |02:52:58,960 ~-~-> 02:53:03,240 |Academy and supply and demand that they're all looking at 15 second charts,
2323 |2079 |02:53:03,240 ~-~-> 02:53:07,740 |and these are and they're stopping the market rate these levels they're buying
2324 |2080 |02:53:07,860 ~-~-> 02:53:11,100 |is stopping it right at these levels, and it's keying off of that stuff
2325 |2081 |02:53:11,280 ~-~-> 02:53:16,200 |precisely when you're full of shit. Any happen Jack, it's all algorithmic, and
2326 |2082 |02:53:16,500 ~-~-> 02:53:20,960 |it doesn't matter how many buying and selling a specific number of contracts,
2327 |2083 |02:53:20,960 ~-~-> 02:53:24,500 |the price is going to go where it's going to go because it's scripted, and
2328 |2084 |02:53:24,500 ~-~-> 02:53:27,920 |it's going to go there based on time. That's the way it works. And you can
2329 |2085 |02:53:27,920 ~-~-> 02:53:30,860 |argue with me, and I don't care, you're never going to convince me otherwise,
2330 |2086 |02:53:30,860 ~-~-> 02:53:33,800 |because I'm out here doing it. I'm out here telling you what it's going to do
2331 |2087 |02:53:33,800 ~-~-> 02:53:37,640 |beforehand. You're going to argue it in a hindsight capacity. If you want to
2332 |2088 |02:53:37,640 ~-~-> 02:53:41,440 |have a session where we sit down together and you're going to explain
2333 |2089 |02:53:41,440 ~-~-> 02:53:46,660 |things retail. I would love that. I would love that I will do a live stream,
2334 |2090 |02:53:46,840 ~-~-> 02:53:49,840 |and they could be on one side of the screen, and we can take turns talking
2335 |2091 |02:53:49,840 ~-~-> 02:53:53,620 |about what we think is going to happen. And I will run circles around you. I
2336 |2092 |02:53:53,620 ~-~-> 02:53:58,360 |will literally lay down every single price move all day long. But they'll,
2337 |2093 |02:53:58,420 ~-~-> 02:54:03,600 |they'll have nothing to say. Then they won't, but other people will still say,
2338 |2094 |02:54:03,600 ~-~-> 02:54:09,720 |Well, that was just one day. I was just, you know, he got lucky. It's fun. It's
2339 |2095 |02:54:09,720 ~-~-> 02:54:15,900 |really fun, but it anyway, the 15 second chart affords you that as a mechanism,
2340 |2096 |02:54:15,960 ~-~-> 02:54:20,040 |okay? It also gives you the ability to reduce your stop loss, okay, make it a
2341 |2097 |02:54:20,040 ~-~-> 02:54:23,480 |little bit tighter, not that you should be trading with really early, small stop
2342 |2098 |02:54:23,480 ~-~-> 02:54:27,980 |losses in the beginning, because it's important for you to read price
2343 |2099 |02:54:28,040 ~-~-> 02:54:32,000 |appropriately and effectively and efficiently first, and then eventually,
2344 |2100 |02:54:32,240 ~-~-> 02:54:37,220 |you know, when you're into the part of taking trades where you have to manage
2345 |2101 |02:54:37,220 ~-~-> 02:54:41,320 |real risk and real money, then these types of conversations are much more
2346 |2102 |02:54:41,320 ~-~-> 02:54:45,580 |pertinent to the discussion, but right now, it's so outside the scope of what
2347 |2103 |02:54:45,580 ~-~-> 02:54:49,120 |Caleb needs. Right now, it's not important at all. It's absolutely zero
2348 |2104 |02:54:49,120 ~-~-> 02:54:53,800 |importance, zero. But I wanted to kind of like outline something real time and
2349 |2105 |02:54:54,340 ~-~-> 02:54:59,560 |give you a feel for how you can make bread and butter setups. And they're
2350 |2106 |02:54:59,560 ~-~-> 02:55:04,620 |real easy. See the C like if you understand where the draw is, what it's
2351 |2107 |02:55:04,620 ~-~-> 02:55:09,120 |done. It made something jagged down here, and it made something jagged down
2352 |2108 |02:55:09,120 ~-~-> 02:55:17,520 |here, and it left that high in this high in place. It's relatively equal. When
2353 |2109 |02:55:17,520 ~-~-> 02:55:20,300 |you have the chart spread out like this, it doesn't look like that, but when you
2354 |2110 |02:55:20,300 ~-~-> 02:55:25,460 |compress it, we're back in the same discussion of, okay, it failed to get
2355 |2111 |02:55:25,460 ~-~-> 02:55:28,640 |back to that one, so the second one was lower. So what does that mean? It's a
2356 |2112 |02:55:28,640 ~-~-> 02:55:32,000 |high probability, relative equal high the market will reprice to that because
2357 |2113 |02:55:32,000 ~-~-> 02:55:36,980 |it wants to disrupt. It wants to disrupt, it wants to be that cousin or
2358 |2114 |02:55:38,600 ~-~-> 02:55:43,180 |in law that comes as a cookout that you really don't want there. That's what the
2359 |2115 |02:55:43,180 ~-~-> 02:55:46,600 |market does, okay? And when you understand that, you'll you'll do better
2360 |2116 |02:55:46,600 ~-~-> 02:55:50,680 |in your trades. But I've gone on and on today, I've really overstayed my
2361 |2117 |02:55:50,680 ~-~-> 02:55:54,520 |welcome. I'm tired, I'm hungry, and I want to get off here. So hopefully you
2362 |2118 |02:55:54,520 ~-~-> 02:55:58,060 |found this one insightful. If you did, I would appreciate a thumbs up. It doesn't
2363 |2119 |02:55:58,060 ~-~-> 02:56:01,020 |mean you love me. It just means that you learn something today, and you're
2364 |2120 |02:56:01,020 ~-~-> 02:56:05,580 |continuously getting a deposit in your understanding, and that's like a report
2365 |2121 |02:56:05,580 ~-~-> 02:56:10,020 |card for me to either continue or not. If there's 100,000 people watching and
2366 |2122 |02:56:10,020 ~-~-> 02:56:13,560 |there's less than 17,000 that's going to be very discouraging. I might take
2367 |2123 |02:56:13,560 ~-~-> 02:56:16,620 |tomorrow off if that's the case. So let that be a little factor in whether or
2368 |2124 |02:56:16,620 ~-~-> 02:56:20,160 |not you want to give me feedback until I'll talk to you next time. Be safe.
2369 |2125 |02:56:20,160 ~-~-> 02:56:20,280 |You.