ICT YT - 2024-08-07 - ICT 2024 Mentorship - Lecture 03
Last modified by Drunk Monkey on 2024-08-13 07:58
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Outline
01:14 - Trading strategies for the afternoon session.
- ICT explains how to trade in the afternoon session, focusing on the 7am-11am New York time window.
- ICT provides rules for trading in the afternoon session, despite Caleb being the main focus for the morning session.
04:20 - Trading Forex with a focus on using calendar events for market drivers.
- ICT explains how to trade bond options with a focus on the 1pm Eastern Time release.
- ICT emphasizes the importance of self-learning and not worshiping him as a hero or guru.
07:54 - Trading strategies and finding one's own approach.
- Ict teaches specific trading strategies, but students struggle to implement them.
- ICT emphasizes the importance of understanding market movements and finding a trading approach that fits your unique schedule and abilities.
11:08 - Trading strategies using price action and intervals.
- ICT pushes Caleb to focus on morning sessions, with afternoon and London sessions also having unique characteristics.
- ICT teaches specific elements of short-term trading, day trading, swing trading, and ultra-short term scalping on his YouTube channel.
- ICT emphasizes the importance of real-time price action and removing ambiguity in the markets, which are not random or rigged.
- The speaker explains the importance of identifying relative equal highs and lows in the market, which are linked to new day opening gaps.
- The speaker highlights the difference between a new week opening gap and a new day opening gap, and how they are used in the algorithm.
17:51 - Using one-minute charts for trading and annotating them with lines to track price movements.
- The speaker teaches their son how to trade and make money in the index markets.
- The speaker uses a one-minute chart to analyze price action and identify potential trading opportunities.
20:36 - New day opening gaps and their significance in trading.
- ICT teaches that new day opening gaps are important for trading, especially when they form at 7am EST.
- ICT highlights the difference between sell side delivery and sell side liquidity, and how it affects gap trading.
23:39 - Using new day opening gaps for trading reference points.
- ICT explains New Day opening gaps, their life cycle, and how they can act as magnets.
- The speaker annotates their chart with important market information, including date, high/low, and consequent encroachment.
- The speaker uses a spiral notebook to keep a running log of new day opening gaps, with labels for each market and trading day.
- ICT explains new week opening gaps as a life cycle of five weeks, sensitive still six months away.
- Creating a layout with new week opening gaps helps traders quickly reference market levels without cluttering the chart.
31:07 - Trading and market analysis using fibonacci levels.
- ICT explains why a gap in the market is not equilibrium, using a trading range as an example.
- ICT highlights key levels in a busy market, anticipating large range expansions.
35:15 - New day opening gaps and their significance in trading.
- Ict identifies a rallying pattern, considering levels important for 5 days.
- The speaker is showing the audience how to use a specific chart pattern to predict market movement.
- The pattern involves identifying new day opening gaps and analyzing their proximity to the current market price.
38:56 - Identifying market inefficiencies and predicting price movements using gaps and other technical analysis tools.
- The speaker discusses the use of gaps in the market and how they are filled, citing examples of buy side imbalance and liquidity voids.
- The speaker criticizes other trading books and courses for not addressing the concept of gaps and their role in market movements.
- ICT explains how to identify levels of support and resistance using consecutive crochet, midpoint, and highest and lowest levels.
- ICT emphasizes the importance of clustering and gravitating towards levels of support and resistance, especially when anticipating new day opening gaps.
- ICT emphasizes the importance of identifying critical times and conditions in the market, where the market is more likely to behave in a predictable manner.
- ICT highlights the difference between new day opening gaps and new week opening gaps, with the latter having more impact on swing trades due to the weekend digestion and Sunday evening price action.
45:51 - Market manipulation and predicting price movements using gaps.
- ICT claims to have a unique ability to predict market movements by understanding traders' fears and doubts.
- Trader identifies new day and week opening gaps as potential areas of support.
49:26 - Predicting market movements using engineering liquidity and relative equal highs/lows.
- ICT teaches market-generic strategies that work until markets are entirely torn down.
- ICT predicts price movements based on relative equal highs and lows.
53:13 - Using new day opening gaps and new week opening gaps for trading.
- ICT explains why new day opening gaps are important for traders, as they provide a larger draw on liquidity.
- ICT demonstrates how to use moving averages and stochastics to identify potential trading opportunities in the context of new day opening gaps.
- ICT explains how to use "magnets" (price patterns) to predict market movements.
- By mapping and tracking these patterns, traders can gain a unique perspective on price action.
59:09 - Using ICT signals and following protocols for efficient trading.
- ICT emphasizes the importance of sticking to established trading protocols and not reinventing the wheel.
01:00:48 - Trading and investing using ICT's principles, with emphasis on identifying and capitalizing on market inefficiencies.
- ICT: Street money (dumb money) has a herd mentality, which can be used to my advantage.
- ICT: My wife's perspective on Bitcoin is an example of Street money, which I can exploit for profit.
- ICT predicts others will attack him to deflect attention from his success.
01:04:26 - Algorithmic trading and market manipulation.
- ICT argues that retail traders are consistently underestimating the power of algorithms in financial markets.
- The algorithm uses historical data to make predictions, not just random guessing.
- Liquidity is engineered to create highs and lows, not just based on buying and selling.
- Wait for bond auction setup for potential breakout move without morning news drivers.
01:10:22 - Trading strategies and the importance of understanding market dynamics.
- ICT emphasizes the importance of consistently making 5-10 handle trades in the S&P or NASDAQ before attempting to hold on to a trade for a longer price move.
- ICT emphasizes the importance of liquidity and relative highs in trading.
- ICT warns against relying on copycat strategies or signal services for success.
01:14:08 - Trading and investing with a focus on following rules and processes for success.
- ICT emphasizes the importance of trusting oneself rather than relying on others for success in trading.
- He encourages listeners to follow his rules and processes for at least a month to see results.
01:17:13 - Holding onto trades longer, using different entry models.
- The speaker identifies a specific pattern in the market, which they call "one," and uses it to anticipate price movements.
- The speaker emphasizes the importance of patience and waiting for the right moment to trade, rather than trying to trade based on generic market analysis.
- The speaker shared their strategy for holding on to trades longer, including using a higher time frame chart to identify larger price runs.
- The speaker demonstrated their approach by showing the listener their entry, stop, and limit orders in real-time.
- The speaker discusses the importance of holding onto trades for longer periods, rather than just focusing on short-term gains.
- The speaker's hyperactive mindset makes it difficult for them to sit in trades for extended periods, but they still try to find ways to engage with the market.
01:24:59 - Identifying high probability relative equal lows for trading.
- Trader seeks trades with potential for 100 handles or more, using analysis to determine feasibility.
- ICT uses the bond auction at 1 o'clock as a go-to for fueling a run into the downtrend.
- ICT teaches students to refer to previous session's action to identify relative equal lows, meeting a filter criteria for high probability trading.
01:29:01 - Trading mindset and strategies for holding trades longer.
- The speaker discusses the importance of identifying a reason to hold onto trades longer, such as a breakout beyond normal range.
- The speaker emphasizes the need to have confidence and not be anxious about taking trades, even if they are at their biggest profit point.
- ICT shares a running joke in his pizza shop about a "dough repair kit" (no such thing exists) to illustrate the importance of treating losses in trading with a long-term mindset.
- ICT emphasizes the need for patience in trading, as prematurely getting stopped out can happen more frequently when holding for longer terms.
01:33:10 - Trading ahead of news drivers using candlestick patterns.
- ICT explains how to identify and trade off market fluctuations around a bond auction at 1 pm.
- ICT explains how to identify potential price movements based on news events and chart analysis.
- ICT identifies three factors for potential price drop: liquidity, narrative, and time.
01:40:15 - Trading strategies for bond auctions and market analysis.
- Trader anticipates bond auction impact, takes partial position and journals for future learning.
- The speaker discusses holding onto trades longer, mentioning the importance of patience and experience.
- The speaker analyzes market data and predicts potential price movements based on upcoming events and patterns.
01:44:01 - Trading strategies using bearish order blocks and price points.
- The speaker identifies a bearish order block at $100.50 and takes a partial short position below it.
- The market displaces the bearish order block and trades up, reaching a low of $101.50.
01:47:11 - Trading strategies and market analysis.
- Trader seeks to enter trade despite potential for stop loss hit.
- The speaker emphasizes the importance of understanding their teaching methods and using them in trading.
- The speaker demonstrates how their model can generate profits even in unfavorable market conditions.
- ICT discusses the importance of identifying fair value gaps and mohawks in the market.
- ICT highlights the aggressive trading behavior after one o'clock, indicating potential entry points for optimal trades.
01:53:49 - Market inefficiencies and their impact on price movements.
- ICT emphasizes the importance of relative equal highs and lows in price movement.
- Inefficiencies in the market are subordinate to relative equal highs and lows.
01:56:26 - Trading strategies and market analysis.
- ICT is critical of buy-side traders for not filling voids in the market.
- Trader discusses trading strategies and success in the cryptocurrency market.
01:59:40 - Trading, market analysis, and personal finance.
- The speaker emphasizes the importance of taking action and not just watching and criticizing.
- The speaker offers valuable insights and techniques for making money, but warns of impending economic hardship.
- The speaker emphasizes the importance of having a long-term mindset in trading, rather than seeking quick and easy profits.
- The speaker's son is the main motivation for sharing this message, as he wants his son to have the right mindset for success in trading.
- The speaker emphasizes their reach and influence in the trading industry without asking for money in return.
- The speaker's son, Caleb, wants to learn how to trade and document the process for ad revenue.
02:07:58 - Trading psychology and risk management.
- The speaker emphasizes the importance of paper trading for beginners, as it allows them to focus on price movements without worrying about real-life losses.
- The speaker advises against combining paper trading with funded account trading, as it can lead to distractions and impulsive decisions.
- ICT emphasizes the importance of journaling and logging experiences to build confidence and overcome doubts.
- ICT advises against sharing successes with others, instead focusing on personal growth and learning from mistakes.
02:12:25 - Trading and market analysis using technical indicators.
- ICT emphasizes the importance of mental preparation for trading success.
- Trader emphasizes importance of understanding market mechanics to succeed.
02:15:51 - Trading, risk management, and helping others.
- The speaker is teaching a student how to trade by backtesting and journaling old data, then watching real-time price action and identifying baseline price action.
- The speaker has 81 entry mechanisms to get into trades, and they use Larry Williams' method of desensitizing oneself through trading to overcome fear and execute trades with precision.
- The speaker has been trading for 14 years and has seen the same patterns in the market.
- The speaker believes that the market is clean and easy to identify patterns, despite the 24-hour trading.
- ICT emphasizes the importance of helping others financially, rather than focusing on personal wealth.
Transcription
| 1 | 00:01:14 --> 00:01:19 | ICT: Well, good afternoon. Hopefully this audio will be coming through now |
| 2 | 00:01:19 --> 00:01:19 | you |
| 3 | 00:01:27 --> 00:01:33 | it okay. I hear myself now, so should be okay. I know some of you are going to be |
| 4 | 00:01:33 --> 00:01:40 | wanting me to pump up the volume, but as you can see, I just did as I normally |
| 5 | 00:01:40 --> 00:01:46 | do, and for whatever reason, YouTube likes to mess around with me with my |
| 6 | 00:01:46 --> 00:01:51 | audio so they don't want you to know. They don't want you to know the secrets. |
| 7 | 00:01:51 --> 00:01:55 | Okay, that's what it is. Just don't tell my body everything I tell you today. |
| 8 | 00:01:55 --> 00:02:04 | Just keep it to yourself. Okay, it's a secret. All right. So anyway, today will |
| 9 | 00:02:04 --> 00:02:09 | be a rather brief one. Notice, I didn't say short, okay, it's going to be a |
| 10 | 00:02:09 --> 00:02:14 | brief one, meaning that I'm just going to cover some salient points, refer to |
| 11 | 00:02:14 --> 00:02:19 | some things in terms of processes and protocols for the afternoon session. And |
| 12 | 00:02:19 --> 00:02:24 | I'll stay with you probably till around three o'clock. Okay, so we'll, we'll aim |
| 13 | 00:02:24 --> 00:02:31 | to break away at three o'clock. All right, so if you recall the last two |
| 14 | 00:02:31 --> 00:02:37 | live streams, I've had a casual introduction, kind of like warming you |
| 15 | 00:02:37 --> 00:02:41 | up to the idea of just relaxing when you're watching price. And then the |
| 16 | 00:02:41 --> 00:02:45 | second one, I gave you very specific things to look for. What does it look |
| 17 | 00:02:45 --> 00:02:51 | like on the chart? And now this one, we're going to talk about, if you're |
| 18 | 00:02:51 --> 00:02:56 | going to be treating the afternoon, I'm full, full disclosure, I'm trying to |
| 19 | 00:02:56 --> 00:03:03 | press my son, Caleb, into the morning session. Okay, so most of this |
| 20 | 00:03:03 --> 00:03:08 | mentorship is going to lean heavily on the seven o'clock in the morning to 11 |
| 21 | 00:03:08 --> 00:03:12 | o'clock in the morning, New York local time. Okay, so inside that four hour |
| 22 | 00:03:12 --> 00:03:17 | window, and I'm going to leave it up to him to determine how his body behaves, |
| 23 | 00:03:17 --> 00:03:21 | and, you know, how he feels in those early hours. You know, does he want to |
| 24 | 00:03:21 --> 00:03:26 | be trading as early as seven o'clock as a start time or eight o'clock? Or is he |
| 25 | 00:03:26 --> 00:03:29 | just going to simply wait for the opening bell at 930 and use that nine |
| 26 | 00:03:29 --> 00:03:36 | o'clock to 11 o'clock two hour window there? So that part, he's being afforded |
| 27 | 00:03:36 --> 00:03:44 | that that decision. But as the dad exercising my dominance and authority. |
| 28 | 00:03:45 --> 00:03:50 | I'm assuming that everyone understands that this stuff will work in the |
| 29 | 00:03:50 --> 00:03:53 | afternoon too. I'm going to give you those rules, but these are not for him, |
| 30 | 00:03:54 --> 00:03:59 | okay, so Caleb, this is not for you, but it's for the sake of completeness, okay, |
| 31 | 00:03:59 --> 00:04:05 | much like I'll show you how to do it in the London session as well. We'll do it |
| 32 | 00:04:05 --> 00:04:12 | over live data as well. But for the afternoon session, sometimes when you |
| 33 | 00:04:12 --> 00:04:18 | look at the economic calendar, there is an absence of any significant medium or |
| 34 | 00:04:18 --> 00:04:22 | high impact news events. And what do I mean by that? If you go to like, four x5 |
| 35 | 00:04:22 --> 00:04:30 | Forex factory.com, or econo day, they they give a really good breakdown of |
| 36 | 00:04:30 --> 00:04:35 | every single calendar day and what time specific market drivers come out. I mean |
| 37 | 00:04:35 --> 00:04:44 | some speech, a market data release, like a report, think like PMI, CPI, you know |
| 38 | 00:04:44 --> 00:04:50 | those types of things when we have a day there that has an absence of any news |
| 39 | 00:04:50 --> 00:04:58 | drivers in the morning that tends to be a rather lackluster, rangy type false |
| 40 | 00:04:58 --> 00:05:02 | breakout, and then. Pull back down into the previous day's range, type of day, |
| 41 | 00:05:03 --> 00:05:11 | or reverse, if it's tone, move higher. So I try to look for reasons to |
| 42 | 00:05:11 --> 00:05:18 | anticipate an afternoon move, because the morning session can tend to be a |
| 43 | 00:05:18 --> 00:05:23 | little bit more it demands a lot more experiences. Put it that way, because |
| 44 | 00:05:23 --> 00:05:27 | you can, you can get caught offside, you can think you see something that's |
| 45 | 00:05:27 --> 00:05:31 | there, trade it, and then it reverses and goes the other direction, or it goes |
| 46 | 00:05:31 --> 00:05:35 | into a consolidation, if you notice on today's calendar, and I'm going to leave |
| 47 | 00:05:35 --> 00:05:39 | this up for you as your own little homework assignment, it's, it's not that |
| 48 | 00:05:39 --> 00:05:42 | challenging. I promise most of you are aware of if you're a student, you go to |
| 49 | 00:05:42 --> 00:05:46 | Forex factory com, and you pull up today's calendar, you'll see that there |
| 50 | 00:05:46 --> 00:05:52 | is a bond option today at 1pm Eastern Time. And I'm going to talk a little bit |
| 51 | 00:05:52 --> 00:05:56 | how to use that, how to trade it. I've never taught my students that, but it's |
| 52 | 00:05:56 --> 00:06:03 | something that it's not a terribly volatile report. It's not like, it's not |
| 53 | 00:06:03 --> 00:06:07 | something that you're going to burn the house down with, but it is absolutely |
| 54 | 00:06:07 --> 00:06:12 | something that you can trade. It does give a little bit of volatility. Does |
| 55 | 00:06:12 --> 00:06:17 | give you a, you know, a little type of momentum to work with. And if you have a |
| 56 | 00:06:17 --> 00:06:21 | little bit of a narrative, and I'll talk about that in a moment, you can find |
| 57 | 00:06:21 --> 00:06:30 | some setups. Okay, I watched the piece by another YouTuber, Kimmel. Very |
| 58 | 00:06:30 --> 00:06:36 | interesting video. I found it funny, but I have to comment on here, so that way, |
| 59 | 00:06:36 --> 00:06:41 | you know, it's really me. I see he's a fake. Okay, he's a fraud, hard pass. |
| 60 | 00:06:42 --> 00:06:50 | Anyway, all of the youtubers that use me as a way like pump themselves up. I'm |
| 61 | 00:06:51 --> 00:07:00 | I'm causing purpose, purposeful resistance for you. Okay, I don't mind |
| 62 | 00:07:00 --> 00:07:06 | you using my content, but I don't like using me as a springboard that, that |
| 63 | 00:07:06 --> 00:07:09 | that type of stuff. So if you have something you've been doing on your own |
| 64 | 00:07:09 --> 00:07:13 | with the things I've taught, then hey, I got all the respect for that. But if |
| 65 | 00:07:13 --> 00:07:17 | you're just trying to teach and you're not doing anything with it, Kimmel's |
| 66 | 00:07:17 --> 00:07:20 | proven he's made money with the stuff I've taught. So I got no problem with |
| 67 | 00:07:21 --> 00:07:24 | it, but the main thing is, I don't want any of you, and especially if you're a |
| 68 | 00:07:24 --> 00:07:28 | new student here, don't look at me as a hero. Don't look at me as your guru. |
| 69 | 00:07:28 --> 00:07:32 | Don't look at me as your master. Okay, you're not here to worship me. You're |
| 70 | 00:07:32 --> 00:07:36 | not here to lift me up or promote me or anything like that. You're here just to |
| 71 | 00:07:36 --> 00:07:39 | learn. That's it. That's all it is. That's the economy here. You put in a |
| 72 | 00:07:39 --> 00:07:43 | time I share what I'm willing to share, and then you put it to work. If it works |
| 73 | 00:07:43 --> 00:07:47 | for you, great. If it doesn't. There's plenty other people out there to learn |
| 74 | 00:07:47 --> 00:07:50 | from. Okay, I'm not going to ask you for a PayPal payment. I'm not going to ask |
| 75 | 00:07:50 --> 00:07:53 | you for a credit card payment. I'm not going to ask you for a What's up app |
| 76 | 00:07:53 --> 00:07:59 | payment, nothing. It's all 100% for free. But one of his statements in |
| 77 | 00:07:59 --> 00:08:03 | there, he opens up his video with and a lot of people have said this, that there |
| 78 | 00:08:03 --> 00:08:08 | is no guidance, there's no direction, there's no what to do. And I agree, I |
| 79 | 00:08:08 --> 00:08:12 | agree to some respect if you refer back to when I was teaching on baby pips, |
| 80 | 00:08:13 --> 00:08:17 | because it was meant to be like that. I want to see if I left some bread crumbs, |
| 81 | 00:08:17 --> 00:08:23 | could I create this test tube response of other other individuals watching what |
| 82 | 00:08:23 --> 00:08:26 | I was doing, could they had the same result that I'd had and come to the |
| 83 | 00:08:26 --> 00:08:30 | conclusion of what I see in price? Could they do it? No one's ever done it. Even |
| 84 | 00:08:30 --> 00:08:33 | still today, with even all the students I have, no one's ever been able to do |
| 85 | 00:08:33 --> 00:08:41 | that. So when I started doing mentorship, I started doing broad brush |
| 86 | 00:08:41 --> 00:08:47 | concepts and protocols, what to look for. Where's the focus? Where should |
| 87 | 00:08:47 --> 00:08:53 | your focus be? Okay? And it started with time of day, London. Session, London, |
| 88 | 00:08:53 --> 00:09:00 | open. And then New York, open, London, close, PM. Session for the American |
| 89 | 00:09:00 --> 00:09:06 | markets, like the in the season and such. And then I went into teaching very |
| 90 | 00:09:06 --> 00:09:11 | specific things, but they're tucked inside of all of the long winded, dry |
| 91 | 00:09:11 --> 00:09:17 | commentary. That's where I tucked it in. I have taught how to trade very specific |
| 92 | 00:09:17 --> 00:09:22 | do this, do this, do this, do this, do this, okay, and the reason why it |
| 93 | 00:09:22 --> 00:09:26 | doesn't feel like it was like that, because you all want me, and I had it in |
| 94 | 00:09:26 --> 00:09:30 | the previous video here, in part two of this mentorship, there's a lot of people |
| 95 | 00:09:30 --> 00:09:33 | saying You talk too much. You could, you could just tell us how to do it in five |
| 96 | 00:09:33 --> 00:09:36 | minutes. I'm not watching your next video. Good, but I knew here watching |
| 97 | 00:09:36 --> 00:09:37 | this one too. |
| 98 | 00:09:38 --> 00:09:44 | The the main takeaway is for you to, number one, understand that there has to |
| 99 | 00:09:44 --> 00:09:51 | be some reason for the setup to be there, okay, and majority of your time |
| 100 | 00:09:51 --> 00:09:55 | as a trader is going to be spent waiting for that very thing to occur. Now that's |
| 101 | 00:09:55 --> 00:10:01 | not to say that the market isn't moving all the time. It absolutely is. It. But |
| 102 | 00:10:01 --> 00:10:04 | just because it's moving and gyrating doesn't mean that you're supposed to be |
| 103 | 00:10:04 --> 00:10:09 | in that right now. Move that right now. Move may be completely diametrically |
| 104 | 00:10:09 --> 00:10:15 | opposed to what you are trying to do for your trade, because your trade may spend |
| 105 | 00:10:15 --> 00:10:21 | outside the realm of the next 20 minutes or the next hour, or today's entire |
| 106 | 00:10:21 --> 00:10:26 | trading session, you may be trying to nail down a trade that goes for weeks. |
| 107 | 00:10:26 --> 00:10:34 | So there's a lot of room for you to make what it is I've taught your own that way |
| 108 | 00:10:34 --> 00:10:38 | you can take it and apply it to the marketplace, a time frame, a scenario |
| 109 | 00:10:38 --> 00:10:44 | that you're looking for that meets and fits your personal, unique, personal |
| 110 | 00:10:44 --> 00:10:49 | life schedule and the aptitude that you have using the information I've taught |
| 111 | 00:10:49 --> 00:10:55 | so predominantly, most of my content is allowing and affording all of you as |
| 112 | 00:10:55 --> 00:11:04 | students to find Your Own mold, your own way of framing these things, okay? And |
| 113 | 00:11:04 --> 00:11:08 | Kimmel, yes, I do have 81 and put a joker to let the comment in your thing. |
| 114 | 00:11:08 --> 00:11:14 | It's not 84 and it's 81 very specific PD arrays. And they are both entry |
| 115 | 00:11:14 --> 00:11:19 | mechanisms. They are partial mechanisms, and they're take profit mechanisms, |
| 116 | 00:11:19 --> 00:11:23 | okay? I know sometimes people like to use reverse psychology, like I'm going |
| 117 | 00:11:23 --> 00:11:26 | to go out there and prove that I have here's 81 of them. I'm not doing it, but |
| 118 | 00:11:26 --> 00:11:30 | I'll teach it one or two of them extra today, just because I want to do it. But |
| 119 | 00:11:31 --> 00:11:34 | these mechanisms, okay, these little things, these little quirky, little |
| 120 | 00:11:35 --> 00:11:39 | excuses to get into the trade with a precision element that's not linked to |
| 121 | 00:11:39 --> 00:11:43 | anything, where I can say, I learned it from so and so's book, or I learned it |
| 122 | 00:11:43 --> 00:11:47 | from so and so's, course, it's something that's in price action, and when you |
| 123 | 00:11:47 --> 00:11:51 | observe it, you see it, and you start seeing it a lot, and then you can |
| 124 | 00:11:51 --> 00:11:54 | anticipate it should form when it does this, and it starts doing it, and you do |
| 125 | 00:11:54 --> 00:12:00 | it for 2030, years. You don't need to be convinced any further of it, right? So, |
| 126 | 00:12:01 --> 00:12:06 | when we look at times of day, like I said, I'm pushing Caleb into the morning |
| 127 | 00:12:06 --> 00:12:11 | session. He may elect to go when he gets good at the morning session. He has to |
| 128 | 00:12:11 --> 00:12:14 | do that first. Then he can make the decision if you want to go to an |
| 129 | 00:12:14 --> 00:12:18 | afternoon session, or if he wants to trade the london session. But I'm going |
| 130 | 00:12:18 --> 00:12:21 | to force him and twist his arm, basically, that he has to perform in the |
| 131 | 00:12:21 --> 00:12:25 | morning session. That's that's his payment for me investing my time and |
| 132 | 00:12:25 --> 00:12:29 | energy and pushing him along. He has to do it there. So it's kind of like, |
| 133 | 00:12:30 --> 00:12:35 | remember the movie Kill Bill. She went to train with the master, and he was |
| 134 | 00:12:35 --> 00:12:38 | going to put her through the ropes the way he wanted her to go through it. |
| 135 | 00:12:38 --> 00:12:41 | Well, that's what I'm doing with him. Okay? Because he's going about this the |
| 136 | 00:12:41 --> 00:12:46 | second time around. So he's got to earn a little bit harder. So morning session |
| 137 | 00:12:46 --> 00:12:51 | is his focus, but the afternoon session has its own characteristics as well. And |
| 138 | 00:12:51 --> 00:12:56 | just as much as the london session has its own characteristics. So if you are |
| 139 | 00:12:56 --> 00:13:00 | just looking for a way to get in the marketplace, or how to trade and get in, |
| 140 | 00:13:01 --> 00:13:05 | you can clearly find that on my YouTube channel, it's absolutely easy, silver |
| 141 | 00:13:05 --> 00:13:11 | bullet, optimal trade entry. It's a matter of, what is it you're trying to |
| 142 | 00:13:11 --> 00:13:15 | do. And if you go into the mentorship, which is all for free on this YouTube |
| 143 | 00:13:15 --> 00:13:19 | channel, and go into the playlist, you'll see it. It's divided by month, I |
| 144 | 00:13:19 --> 00:13:23 | will teach you very specific elements about short term trading, day trading, |
| 145 | 00:13:23 --> 00:13:28 | swing trading, ultra short term scalping. And they're very specific |
| 146 | 00:13:28 --> 00:13:32 | elements, but it's assuming that you have already done the work of looking at |
| 147 | 00:13:32 --> 00:13:36 | all of the broad brush concepts and modules that I have on this YouTube |
| 148 | 00:13:36 --> 00:13:40 | channel for someone that's brand new, just stepping out and says I'm going to |
| 149 | 00:13:40 --> 00:13:44 | watch five videos from ICT today. You're not going to walk away understanding it. |
| 150 | 00:13:44 --> 00:13:48 | You're not going to all it's going to do is give you a better foundation, one |
| 151 | 00:13:48 --> 00:13:54 | more cog in it. And those pieces come together when you sit down, like I was |
| 152 | 00:13:54 --> 00:13:58 | explaining yesterday and in the first lecture as well. When we're watching |
| 153 | 00:13:58 --> 00:14:02 | Real Time price action, you're not trying to hold your feet to the flame |
| 154 | 00:14:02 --> 00:14:06 | and say, I have to know what it's going to do right now. It's not realistic for |
| 155 | 00:14:06 --> 00:14:10 | you to have that at the early stages. And you got to give yourself permission |
| 156 | 00:14:10 --> 00:14:15 | to do that and have that peace of mind knowing that keep doing what I'm showing |
| 157 | 00:14:15 --> 00:14:19 | you how to do, and it will come by default. It will be a response |
| 158 | 00:14:19 --> 00:14:23 | naturally, because you'll see these things repeating over and over and over |
| 159 | 00:14:23 --> 00:14:27 | again. And what will be exciting for you is, is that you see them occurring at |
| 160 | 00:14:27 --> 00:14:31 | the time of the day when they should occur, which removes the whole, the |
| 161 | 00:14:31 --> 00:14:35 | whole idea that the markets are ambiguous, they're random, and they're |
| 162 | 00:14:36 --> 00:14:39 | in no way shape or form, not rigged when they absolutely, absolutely are. They |
| 163 | 00:14:39 --> 00:14:44 | really, really are. So maybe we first saw this last year when I first, first |
| 164 | 00:14:44 --> 00:14:50 | tried to start it at 145 I noticed I couldn't hear myself, but I put the |
| 165 | 00:14:50 --> 00:14:54 | screen on so that way you could see the new day opening gap high and low. And |
| 166 | 00:14:54 --> 00:14:57 | we're going to talk a little bit about that, because Caleb, that's going to be |
| 167 | 00:14:57 --> 00:15:03 | like a lot of what you're aiming for. As an underlying narrative, okay? So while |
| 168 | 00:15:03 --> 00:15:12 | you may be aiming for an intra day okay, or intra daily session, relative equal |
| 169 | 00:15:12 --> 00:15:18 | higher or relative equal low to draw to as an objective for your trade, it's |
| 170 | 00:15:18 --> 00:15:23 | going to be linked to a new day opening gap and or new week opening gap. And if |
| 171 | 00:15:23 --> 00:15:27 | this is the first time you've heard those terms, I will explain what they |
| 172 | 00:15:27 --> 00:15:30 | both are in this one and what you're going to be doing with them. Caleb, |
| 173 | 00:15:30 --> 00:15:37 | okay, so we talked a little bit about how at seven o'clock, at eight o'clock |
| 174 | 00:15:37 --> 00:15:41 | and at nine o'clock, the immediate 30 minutes after that, or each one of those |
| 175 | 00:15:41 --> 00:15:48 | top of the hour intervals, we want to anticipate a opposing direction in the |
| 176 | 00:15:48 --> 00:15:53 | marketplace. So the assumption is you have already identified, after seven |
| 177 | 00:15:53 --> 00:15:57 | o'clock in the morning New York of time, a relative equal high or relative equal |
| 178 | 00:15:57 --> 00:16:03 | up, or where price is smooth. Okay? And then you're anticipating. You're not arm |
| 179 | 00:16:03 --> 00:16:06 | wrestling the market. You're not forcing that. It has to go there, because you |
| 180 | 00:16:06 --> 00:16:11 | now see it, so therefore it can't do anything but go there. That's not That's |
| 181 | 00:16:11 --> 00:16:14 | not what you're supposed to be doing either, which is why I taught you in the |
| 182 | 00:16:14 --> 00:16:19 | first two sessions together. It's just to relax and observe. You have to |
| 183 | 00:16:19 --> 00:16:25 | observe. You have to sit back and watch, what does price do, and record your |
| 184 | 00:16:25 --> 00:16:29 | observations, if it means taking screenshots as price is going and moving |
| 185 | 00:16:29 --> 00:16:33 | around, and it may not be near anything of any particular importance, like an |
| 186 | 00:16:33 --> 00:16:37 | order block or a fair value gap or something like that. And no Kimmel an |
| 187 | 00:16:37 --> 00:16:41 | inversion fair value gap is not just a fair value gap. There's two distinct |
| 188 | 00:16:41 --> 00:16:46 | things going on there, but it's okay. It'll be in the book. The idea of you |
| 189 | 00:16:46 --> 00:16:51 | using these intervals as a starting point, a delineation in time. So Okay, |
| 190 | 00:16:51 --> 00:16:55 | now I'm really focusing it's It's seven o'clock in the morning, whatever's |
| 191 | 00:16:55 --> 00:16:58 | happened overnight during London, whatever's happened in the previous |
| 192 | 00:16:58 --> 00:17:04 | day's trading. I'm not factoring anything in yet. I want to see the |
| 193 | 00:17:04 --> 00:17:10 | design, the engineering of liquidity. And what does that mean when price |
| 194 | 00:17:10 --> 00:17:15 | creates these really smooth areas of relative equal highs or relative equal |
| 195 | 00:17:15 --> 00:17:21 | loads after a session changeover, meaning at midnight, New York local |
| 196 | 00:17:21 --> 00:17:26 | time. That is the beginning of true day. That's the beginning of the real true |
| 197 | 00:17:26 --> 00:17:30 | day and financial markets. So the algorithm likes to refer back to that |
| 198 | 00:17:30 --> 00:17:35 | time, and then everything since that time, it'll refer to for the purposes of |
| 199 | 00:17:36 --> 00:17:41 | liquidity or inefficiencies. Outside of that, you'll have things like new week |
| 200 | 00:17:41 --> 00:17:46 | opening gap and or New Day opening gap, which is what you see here on the chart, |
| 201 | 00:17:47 --> 00:17:53 | New Day opening gap, what that is. And let me just maximize this chart. Well, |
| 202 | 00:17:53 --> 00:17:56 | actually, let me do it on a one minute chart, because it'll be a little bit |
| 203 | 00:17:56 --> 00:18:06 | easier for you to see it every day, except for Friday. The this is for |
| 204 | 00:18:06 --> 00:18:10 | specifically the index markets. Okay, so while I'm teaching my son how to trade |
| 205 | 00:18:10 --> 00:18:14 | and make money in that asset class, this is not |
| 206 | 00:18:19 --> 00:18:25 | something to lose your mind over. It's really simple at 5pm again, every day, |
| 207 | 00:18:25 --> 00:18:33 | except for Friday, the market closes at 5pm It's it stops and it pauses for an |
| 208 | 00:18:33 --> 00:18:38 | hour, and then it resumes at 6pm Eastern, Standard Time. If you take your |
| 209 | 00:18:38 --> 00:18:45 | one minute chart, you don't have to have live data to do this. It's something |
| 210 | 00:18:45 --> 00:18:50 | that is a long term effect on price action. It'll it'll be used for weeks, |
| 211 | 00:18:51 --> 00:18:57 | okay? And I'll explain it in a second. Here is the 459 candle on a one minute |
| 212 | 00:18:57 --> 00:19:03 | chart, my candles that are bullish or green and my candles that are black or |
| 213 | 00:19:03 --> 00:19:08 | bearish, so the up close candle that is the closing price where we stopped, and |
| 214 | 00:19:08 --> 00:19:14 | it's the last print for NASDAQ on Tuesday, going into the five o'clock |
| 215 | 00:19:15 --> 00:19:20 | stop. And then at six o'clock, all you do is simply get in front of your |
| 216 | 00:19:20 --> 00:19:23 | computer. Wait a couple minutes, wait for four, six o'clock, and wait for the |
| 217 | 00:19:23 --> 00:19:27 | first print on a one minute chart. When it opens up that opening price, you drop |
| 218 | 00:19:27 --> 00:19:31 | it line segment on it, okay? And what I do is, all I do is I take this little |
| 219 | 00:19:31 --> 00:19:35 | line thing here, a horizontal Ray, and I just go and I drop it on the opening |
| 220 | 00:19:35 --> 00:19:41 | price. And you can annotate it any way you want. Okay, I know some of you folks |
| 221 | 00:19:41 --> 00:19:45 | that are on on the other side of the pond, if you will, you don't like to see |
| 222 | 00:19:46 --> 00:19:53 | our numerical version of like, today's date, for me would be 0807 24 and for |
| 223 | 00:19:53 --> 00:19:58 | you across the pond, you would probably see that as July 8. And obviously it |
| 224 | 00:19:58 --> 00:20:03 | causes confusion. So. So I I generally don't annotate it like this. But for the |
| 225 | 00:20:03 --> 00:20:07 | purpose of not confusing anyone, and for completeness sake, when you highlight |
| 226 | 00:20:08 --> 00:20:12 | and annotate your chart, you have to do this. Okay, this is the part. If you |
| 227 | 00:20:12 --> 00:20:15 | just put these lines on your chart, and you're going to have about five of them, |
| 228 | 00:20:15 --> 00:20:20 | because you're going to use the Present week, or if it's on the weekend, the new |
| 229 | 00:20:20 --> 00:20:25 | one that forms on Sunday's opening price. You annotate that on your chart, |
| 230 | 00:20:25 --> 00:20:29 | and then you'll have four more prior to that. So you're always going to have, |
| 231 | 00:20:29 --> 00:20:36 | like a floating reserve on your charts of five weeks of new week and new day. |
| 232 | 00:20:36 --> 00:20:42 | I'm sorry for new week, opening gaps, five days. Look back for New Day opening |
| 233 | 00:20:42 --> 00:20:48 | gaps. New week opening gaps is five weeks. So when we have these levels |
| 234 | 00:20:48 --> 00:20:52 | annotated like this, you can you can call it whatever you want. You can label |
| 235 | 00:20:52 --> 00:20:56 | it the way you want. But I taught my students that this would be referred to |
| 236 | 00:20:56 --> 00:21:02 | as The New Day opening gap high. Now why is that? It's the new day opening gap |
| 237 | 00:21:02 --> 00:21:09 | high, because at seven o'clock in the morning on Wednesday, and yes, that gap |
| 238 | 00:21:09 --> 00:21:16 | forms, technically on Tuesday evening, my local time in the eastern, East Coast |
| 239 | 00:21:16 --> 00:21:21 | of the of North America. But that's really technically, a gap or |
| 240 | 00:21:21 --> 00:21:26 | inefficiency that is attributed to and should be used for the basis of |
| 241 | 00:21:26 --> 00:21:30 | Wednesday's trading. So it's a little confusing that you rewind that and |
| 242 | 00:21:30 --> 00:21:34 | listen to it again. It's pretty straightforward, but at seven o'clock in |
| 243 | 00:21:34 --> 00:21:45 | the morning, there's 7am and if we scrub this down here, you can see that we are |
| 244 | 00:21:45 --> 00:21:50 | way above that New Day opening gap. See that? And since this is the first level |
| 245 | 00:21:50 --> 00:21:54 | you would come to, that makes it what the new day opening gap high, and then |
| 246 | 00:21:54 --> 00:21:59 | the next level below it, which would be, which? Whichever is, is the next |
| 247 | 00:22:01 --> 00:22:09 | reference point you can have a gap. In this case, we have a gap that has gapped |
| 248 | 00:22:09 --> 00:22:17 | down. So where we close here on this candlestick, there on Tuesday, at five |
| 249 | 00:22:17 --> 00:22:25 | o'clock, we open lower. See that now, when we drop down to it here, what we |
| 250 | 00:22:25 --> 00:22:29 | have done is we left this portion between this candles low, or whatever |
| 251 | 00:22:29 --> 00:22:34 | this one is, was ever lower. That little segment of inefficiency is still |
| 252 | 00:22:35 --> 00:22:41 | present. Because what is it lacking? What's it missing? Sell side delivery, |
| 253 | 00:22:42 --> 00:22:46 | not sell side liquidity. Sell side delivery. Okay. So if you look at this |
| 254 | 00:22:46 --> 00:22:52 | candlestick here, we open and trade it up, so there's nothing passing down into |
| 255 | 00:22:52 --> 00:22:57 | that. Candles low or, I'm sorry, the opening price. It's not it's not offered |
| 256 | 00:22:57 --> 00:23:06 | yet. So when we annotate our chart like that. These, these gaps. Okay, these |
| 257 | 00:23:06 --> 00:23:11 | gaps will be referred to for a week now, sometimes you'll see they actually get |
| 258 | 00:23:11 --> 00:23:17 | referred to a couple weeks later still, they'll they'll be sensitive because |
| 259 | 00:23:17 --> 00:23:23 | they're real algorithmic arrays where the market will refer back to them, but |
| 260 | 00:23:23 --> 00:23:26 | I'm not going to be able to teach you every aspect about those things, because |
| 261 | 00:23:26 --> 00:23:29 | to do that opens a Pandora's box for me, and I'm not going to do it. Okay, the |
| 262 | 00:23:29 --> 00:23:34 | fact that these exist, and once they get traded to anybody else that looks at |
| 263 | 00:23:34 --> 00:23:38 | gaps would think, okay, fill the gap, and that's it. Throw it out the window. |
| 264 | 00:23:38 --> 00:23:43 | It's done. It's over. Kind of like how the the the myopic view of supply and |
| 265 | 00:23:43 --> 00:23:47 | demand, where they say, I need a fresh zone, everything I serve up as a PD |
| 266 | 00:23:47 --> 00:23:53 | array is piping hot and fresh every single time it doesn't get stale, okay, |
| 267 | 00:23:53 --> 00:23:58 | but for the rule based idea trader in you, New Day opening gap. This is the |
| 268 | 00:23:58 --> 00:24:02 | part where you write down your journal, folks or your notes. New Day opening |
| 269 | 00:24:02 --> 00:24:09 | gaps have a life cycle of five days. Okay, you can use them longer if you |
| 270 | 00:24:09 --> 00:24:14 | want to, but for the teaching purposes, when I taught New Day opening gap, first |
| 271 | 00:24:14 --> 00:24:17 | I taught it on Twitter. I introduced it there in Twitter spaces, and I talked |
| 272 | 00:24:17 --> 00:24:22 | about it as a after effect and made its way into my lectures on the YouTube |
| 273 | 00:24:22 --> 00:24:30 | channel. They can act like magnets, where it draws price back down to them, |
| 274 | 00:24:30 --> 00:24:38 | because these levels, these gaps, have real value in them because there's an |
| 275 | 00:24:38 --> 00:24:44 | absence of any real trading, even when you see them open up initially here, we |
| 276 | 00:24:44 --> 00:24:50 | can see that it opened there, it traded above the previous days. Close does so |
| 277 | 00:24:50 --> 00:24:55 | here, and comes back down and then runs back up, stays around in here, runs back |
| 278 | 00:24:55 --> 00:24:59 | up, stays around here, drops, consolidates, drops a little bit and at |
| 279 | 00:24:59 --> 00:25:04 | least. Small portion. If you take a Fibonacci, okay, if you take a fib and |
| 280 | 00:25:06 --> 00:25:13 | you drop it on the lowest open or close. If we let me, let me say this part |
| 281 | 00:25:13 --> 00:25:22 | first, before I get any further, if you look at it from here, I want to zoom in. |
| 282 | 00:25:22 --> 00:25:30 | Use this little thing that you can hear, zoom in real tight. Here's the closing |
| 283 | 00:25:30 --> 00:25:37 | price on the Tuesday at five o'clock. We opened down here, so that's a lower gap |
| 284 | 00:25:37 --> 00:25:42 | opening. The opposite would be this, where we opened above that closing |
| 285 | 00:25:42 --> 00:25:48 | price. So if we opened up here, then you would draw the same lines the same way. |
| 286 | 00:25:48 --> 00:25:54 | And you using this ray down here that extends it in perpetuity. It keeps going |
| 287 | 00:25:54 --> 00:25:58 | to the right. It never, never stops projecting it to the right. And your |
| 288 | 00:25:58 --> 00:26:03 | annotations, when you annotate them, put it on the middle and to the right, and |
| 289 | 00:26:03 --> 00:26:08 | then you label it real important that you put the date in it, whatever format |
| 290 | 00:26:08 --> 00:26:13 | you want to use. That's up to you, but that format, or that date rather, helps |
| 291 | 00:26:13 --> 00:26:21 | you organize the level of importance. So what does that mean, if you have a new |
| 292 | 00:26:21 --> 00:26:28 | day opening gap, say, for, I don't know, two months old, okay, two months old, |
| 293 | 00:26:28 --> 00:26:34 | and we haven't referred back to it since the day that it formed. And then in |
| 294 | 00:26:34 --> 00:26:42 | that, in that instance, I would find it important I have a journal page, spiral |
| 295 | 00:26:42 --> 00:26:47 | notebook, basically. And I write down every single new day opening gap high |
| 296 | 00:26:47 --> 00:26:50 | and low, and it's midpoint work or consequent encroachment. And I'll |
| 297 | 00:26:50 --> 00:26:55 | explain what that is in a second too. And I keep a running log of that. And as |
| 298 | 00:26:55 --> 00:27:01 | long as we're 150 handles in close proximity to any one of them, then I |
| 299 | 00:27:01 --> 00:27:04 | personally will look at them. So I'm kind of like showing you my hand a |
| 300 | 00:27:04 --> 00:27:10 | little bit today. So for you, because it's something probably new to you, and |
| 301 | 00:27:10 --> 00:27:13 | you're probably going to have a whole lot of them on your chart, because |
| 302 | 00:27:13 --> 00:27:16 | you're going to think that you have to have every single one of them forever. |
| 303 | 00:27:16 --> 00:27:21 | It's until you know, until you run away from all the ones that you're presently |
| 304 | 00:27:21 --> 00:27:26 | trading around. You don't want to plug your chart up, but I like to see them. |
| 305 | 00:27:26 --> 00:27:31 | And in my journal, it has a spiral, you know, page that it's basically a column, |
| 306 | 00:27:31 --> 00:27:35 | and I write down what that market is, and it's usually just the S, P and the |
| 307 | 00:27:35 --> 00:27:41 | Nasdaq and sometimes the bond market, the the high and the low and the |
| 308 | 00:27:41 --> 00:27:45 | consequent encroachment and the week that it opened up and formed. So for |
| 309 | 00:27:45 --> 00:27:46 | instance, |
| 310 | 00:27:47 --> 00:27:53 | this is for Tuesday, okay, on the day it formed, but is it for Tuesday's |
| 311 | 00:27:53 --> 00:27:56 | reference? No, it's for Wednesday's trading. And that's why it's labeled |
| 312 | 00:27:56 --> 00:28:02 | that way. Okay, so you're going to use the next day after the 6pm candlestick. |
| 313 | 00:28:02 --> 00:28:06 | So if you look down at the bottom of the chart, down here, it says Tuesday, |
| 314 | 00:28:06 --> 00:28:11 | August 6. But really, what we're doing is we're building a reference point for |
| 315 | 00:28:11 --> 00:28:16 | Wednesday's trading and for the next five days. So that means this will |
| 316 | 00:28:16 --> 00:28:21 | overlap into next week, five trading days, not five calendar days, five |
| 317 | 00:28:21 --> 00:28:27 | trading days. Okay, if you have a holiday, skip that and add one more day |
| 318 | 00:28:27 --> 00:28:31 | to it. And that's kind of like your life cycle for New Day opening gaps, new week |
| 319 | 00:28:31 --> 00:28:37 | opening gaps. Go back with a life cycle of five weeks. So you're always going to |
| 320 | 00:28:37 --> 00:28:41 | have five weeks of new week opening gap, and a new week opening gap is where we |
| 321 | 00:28:41 --> 00:28:50 | stop trading on Friday at five o'clock, and then where we open up at on the the |
| 322 | 00:28:50 --> 00:28:55 | Sunday at 6pm and then you mark it the same way here. The only difference is, |
| 323 | 00:28:55 --> 00:29:01 | as you would say, n, w, O, G, which is new week opening gap, they tend to be |
| 324 | 00:29:01 --> 00:29:07 | very sensitive still five weeks back. Now that's not a it's ended at five |
| 325 | 00:29:07 --> 00:29:11 | weeks and you can never refer to them again. Okay? It's just a general rule or |
| 326 | 00:29:11 --> 00:29:15 | principle that you can start with. You're going to discover that they work |
| 327 | 00:29:16 --> 00:29:21 | six months, nine months still away, because they are actual places where the |
| 328 | 00:29:21 --> 00:29:25 | market didn't really efficiently trade, as I'm showing you here. But if you take |
| 329 | 00:29:25 --> 00:29:29 | the levels, once you have on that, have them on your chart, you want to own |
| 330 | 00:29:29 --> 00:29:38 | trading view. You want to create a, I don't know what they call that. Let me |
| 331 | 00:29:39 --> 00:29:44 | do this real quick. Whatever this is called up here, layout, okay, you want |
| 332 | 00:29:44 --> 00:29:50 | to create a layout that has a title that maybe it's new week opening gaps. And on |
| 333 | 00:29:50 --> 00:29:55 | that layout, the only thing you have referenced for the market that you trade |
| 334 | 00:29:55 --> 00:30:04 | or markets, are simply just the new week opening gaps. And or you create a layout |
| 335 | 00:30:04 --> 00:30:09 | that has the only new day opening gaps or new week opening gaps, rather, that |
| 336 | 00:30:09 --> 00:30:13 | is sailing to your market. So that way, if you ever watch in price action, or if |
| 337 | 00:30:13 --> 00:30:17 | you start your new trading session today or tomorrow or tonight, whatever you |
| 338 | 00:30:17 --> 00:30:22 | trade when you when you pop up one of your layouts, you'll have the |
| 339 | 00:30:23 --> 00:30:27 | information right away populated on your chart, and you don't have to have all |
| 340 | 00:30:27 --> 00:30:30 | that stuff on your chart when you're working with the chart time frame that |
| 341 | 00:30:30 --> 00:30:34 | you're exercising or executing on. So I'm saying that for the folks that are |
| 342 | 00:30:34 --> 00:30:38 | working, I'm physically sitting down with you with a laptop, so I don't have |
| 343 | 00:30:38 --> 00:30:42 | all the multiple charts or screens in front I mean, they're in front of me, |
| 344 | 00:30:42 --> 00:30:47 | but they're off. But I'm trying to teach it from a perspective of using a single |
| 345 | 00:30:47 --> 00:30:51 | device like one laptop, so that way it helps you manage your information and |
| 346 | 00:30:51 --> 00:30:55 | not color your chart all up, but once you have them on, this is how you get |
| 347 | 00:30:55 --> 00:31:02 | the other levels that are important to me. You use the low drag it up to the |
| 348 | 00:31:02 --> 00:31:06 | the with the close, which is the high or New Day opening gap, and here is your |
| 349 | 00:31:06 --> 00:31:10 | consequent encroachment. That's the midpoint. Okay, that's not equilibrium. |
| 350 | 00:31:10 --> 00:31:13 | It's consequent encroachment. Why is it consequent encroachment and not |
| 351 | 00:31:13 --> 00:31:19 | equilibrium? Because equilibrium is a range that has been delivered up and |
| 352 | 00:31:19 --> 00:31:25 | down. Okay, think about like a trading range. This is not a trading range. It's |
| 353 | 00:31:25 --> 00:31:33 | a gap. It's a real gap. So that real gap has a missing level of buying and |
| 354 | 00:31:33 --> 00:31:37 | selling. There's really no buying and selling yet, because we stopped trading |
| 355 | 00:31:37 --> 00:31:42 | on the previous session at five o'clock, and then resume trading here. So there's |
| 356 | 00:31:42 --> 00:31:47 | nothing being offered as a buy or sell, no printed trades until that opening |
| 357 | 00:31:47 --> 00:31:52 | right there. And then it starts trading. But what is it doing? It's delivering. |
| 358 | 00:31:53 --> 00:31:58 | Buy side delivery. That means it's going up. So what is it lacking? Sell side |
| 359 | 00:31:58 --> 00:32:12 | delivery? If we take this level here and we add 75 and 25 0.25 0.75 what that |
| 360 | 00:32:12 --> 00:32:22 | does? It grades into equal quarters the range. Okay, watch what happens. Look |
| 361 | 00:32:22 --> 00:32:31 | how it stops perfectly right there. What's the price? 18,000 04, 9.50 it |
| 362 | 00:32:31 --> 00:32:34 | stops exactly right there, right there. Look at that candles. Look at that |
| 363 | 00:32:34 --> 00:32:37 | candles. Low, right there, right up here. Look at that price, right there. |
| 364 | 00:32:37 --> 00:32:44 | Okay, what's the low that candle? Folks, that's fucking perfect. Okay, perfect. |
| 365 | 00:32:44 --> 00:32:47 | You can't improve on that. You're going to tell me, buying and selling pressure. |
| 366 | 00:32:47 --> 00:32:51 | Stop that right there. Some random bunch of Jokers out there looking at goofy |
| 367 | 00:32:51 --> 00:33:00 | stuff that they stopped the market right there. Okay, look how price gravitates |
| 368 | 00:33:00 --> 00:33:04 | around the upper quadrant. See that. See how it's graphing around that, and it |
| 369 | 00:33:04 --> 00:33:07 | expands just a little bit. Let me take this off, as you're probably thinking, |
| 370 | 00:33:07 --> 00:33:11 | this has something to do with any it doesn't have anything to do with this. |
| 371 | 00:33:11 --> 00:33:15 | And take this off. These are extensions for like swing targets and stuff. So the |
| 372 | 00:33:15 --> 00:33:21 | last time we talked, I was showing you yesterday's live session. That's why |
| 373 | 00:33:21 --> 00:33:24 | that was on there. And if you don't believe me, go back and look at the |
| 374 | 00:33:24 --> 00:33:26 | recording, and you'll see those levels were actually the ones that were |
| 375 | 00:33:26 --> 00:33:31 | highlighted in my fib so here we have the upper quadrant, midpoint or |
| 376 | 00:33:31 --> 00:33:37 | consequent encroachment. Consequent encroachment is the midpoint of any gap |
| 377 | 00:33:37 --> 00:33:43 | or any inefficiency. Okay, that means, if it's a city, that means it's a it's a |
| 378 | 00:33:43 --> 00:33:48 | down close, fair value gap. The midpoint is consequent encouragement. The best |
| 379 | 00:33:48 --> 00:33:52 | shorts will form at the lower half of that because you want to see the upper |
| 380 | 00:33:52 --> 00:33:59 | half left open, a midpoint of a busy which is an up close fair value gap. The |
| 381 | 00:33:59 --> 00:34:04 | best fills for going long are going to form in the upper half of that you want |
| 382 | 00:34:04 --> 00:34:08 | to leave the lower half open. Why? Because you want to see it create a |
| 383 | 00:34:08 --> 00:34:13 | breakaway gap, that inability to fill in that area down there. And if it rallies, |
| 384 | 00:34:13 --> 00:34:16 | that indicates to you that the algorithm is really going to start spoiling |
| 385 | 00:34:16 --> 00:34:23 | quickly and you anticipate large range expansions. Holy shit. I'm dropping some |
| 386 | 00:34:23 --> 00:34:27 | diamonds today, aren't I? Yes, I am, because it's 2024, baby, it's about time |
| 387 | 00:34:27 --> 00:34:30 | for you start making some fucking money around here. So this lower quadrant, |
| 388 | 00:34:30 --> 00:34:38 | beautiful, consolidating it trace just outside of the new day opening gap and |
| 389 | 00:34:38 --> 00:34:42 | the market trades down. Look at the sensitivity on the upper quadrant. You |
| 390 | 00:34:42 --> 00:34:43 | see that, see it. |
| 391 | 00:34:49 --> 00:34:58 | Look at that. It stands very, very close to the upper quadrant. And then boom, we |
| 392 | 00:34:58 --> 00:35:02 | trade down to consequent encroachment. And then one more time, look for trades |
| 393 | 00:35:02 --> 00:35:08 | that lower quadrant. Does it one more time just to take the low out, but does |
| 394 | 00:35:08 --> 00:35:12 | it come down and touch the very, very low The New Day opening gap formed at |
| 395 | 00:35:12 --> 00:35:20 | Tuesday, 6pm No. So what's it doing now? It starts to rally higher. We have this |
| 396 | 00:35:20 --> 00:35:28 | little segment of price action here that is inefficient. There's no trading down |
| 397 | 00:35:28 --> 00:35:34 | there. You know, once it formed this low, it starts moving higher. If you |
| 398 | 00:35:34 --> 00:35:38 | have these levels on your chart, even if this was to come down and touch that low |
| 399 | 00:35:38 --> 00:35:44 | here and then moved out of it that does not make this high, that midpoint or |
| 400 | 00:35:44 --> 00:35:49 | that low, stale or of no consequence or importance anymore. It is still |
| 401 | 00:35:49 --> 00:35:55 | meaningful to me for five days, five trading days. Okay, so if this is for |
| 402 | 00:35:55 --> 00:35:58 | Wednesday, this is for your notes. Make sure you write this stuff down. Now, |
| 403 | 00:35:58 --> 00:36:04 | since this formed on Tuesday for Wednesday's trading. You have |
| 404 | 00:36:04 --> 00:36:08 | Wednesday's trading. So that's day one, Thursday's trading. That's day two, |
| 405 | 00:36:08 --> 00:36:14 | Fridays day three. Monday is day is trading for day four, and then Tuesday. |
| 406 | 00:36:14 --> 00:36:22 | So this new day opening gap is still valid until Wednesday next week. That's |
| 407 | 00:36:22 --> 00:36:26 | how I would classify it. Okay, so that way, if you have any confusion about how |
| 408 | 00:36:26 --> 00:36:31 | long they're useful to me or not, not that they're not useful. But I love the |
| 409 | 00:36:31 --> 00:36:35 | sensitivity around them for the next five days. Let's say it that way. I |
| 410 | 00:36:35 --> 00:36:39 | think it's a better way of representing what I really mean. But in truth, be |
| 411 | 00:36:39 --> 00:36:43 | told, I will use them nine months in the past, if it's if it's within the |
| 412 | 00:36:43 --> 00:36:47 | narrative, I'm expecting to see price behave around them, and that part is |
| 413 | 00:36:47 --> 00:36:52 | experience. So just, just know that what I'm showing you here is gold, and I'm |
| 414 | 00:36:52 --> 00:36:55 | going to show you how to use it a little bit more specifically, because it's my |
| 415 | 00:36:55 --> 00:37:00 | son. That's actually the audience member I'm aiming for. So we can see how the |
| 416 | 00:37:00 --> 00:37:08 | market leaves that area. Yeah, there's no algorithm. Here's seven o'clock, |
| 417 | 00:37:08 --> 00:37:11 | here's eight o'clock, here's nine o'clock, and we were way above it. We're |
| 418 | 00:37:11 --> 00:37:21 | really north of it when it formed those opening intervals. So 789, I must have |
| 419 | 00:37:21 --> 00:37:25 | moved that line. I apologize. I was looking at those lines, and I'm like, |
| 420 | 00:37:26 --> 00:37:34 | they don't look uniform. And so here's seven, eight and nine, and we were way |
| 421 | 00:37:34 --> 00:37:39 | above it. So here we are. Oh, there you go. While I was talking to jawbone, it |
| 422 | 00:37:39 --> 00:37:45 | went down and closed it in. Okay, so if you watched it at the very beginning, |
| 423 | 00:37:45 --> 00:37:50 | the recording still there. I'm going to delete the recording of the first |
| 424 | 00:37:50 --> 00:37:53 | attempt to try to do the live stream. So you'll see this. It was actually in the |
| 425 | 00:37:53 --> 00:37:58 | chart for him, but it's not a big deal. I mean, most of my students already know |
| 426 | 00:37:58 --> 00:38:02 | about new doping gaps anyway, but the ability to want to want to see it |
| 427 | 00:38:02 --> 00:38:08 | gravitate back to them every single day. If you have the last five, like the week |
| 428 | 00:38:08 --> 00:38:12 | you're trading in right now, that's one that's one week of it, or one day of it, |
| 429 | 00:38:12 --> 00:38:18 | rather. And then you go back the last four trading days. So you have five of |
| 430 | 00:38:18 --> 00:38:23 | them on your chart, and as long as we're in close proximity to them, they're |
| 431 | 00:38:23 --> 00:38:29 | going to be impactful to your trading. And if you're bullish, if there's one |
| 432 | 00:38:29 --> 00:38:32 | above you, but there's several of them below you. Now this, this. We're here, |
| 433 | 00:38:32 --> 00:38:40 | folks. This is the this is gold dust. Okay, if you have a clustering of New |
| 434 | 00:38:40 --> 00:38:45 | Day opening gaps predominantly above where the market is trading at, and |
| 435 | 00:38:45 --> 00:38:49 | maybe there's one where you're trading at now around the market, or maybe it's |
| 436 | 00:38:49 --> 00:38:56 | below you. Where do you think the market's more likely to go? Oh, my |
| 437 | 00:38:56 --> 00:39:02 | goodness, oh my goodness, I'm getting moist. It's going to gravitate where the |
| 438 | 00:39:02 --> 00:39:06 | multitude of inefficiencies existed, because it's going to give the market an |
| 439 | 00:39:06 --> 00:39:11 | opportunity to go back there again. Why? Because there are people in this |
| 440 | 00:39:11 --> 00:39:14 | industry that trade with this information that you're not supposed to |
| 441 | 00:39:14 --> 00:39:20 | have, and it provides that, that vehicle of entry, that mechanism of repricing up |
| 442 | 00:39:20 --> 00:39:23 | there, it has absolutely nothing to do with buying and selling pressure, as |
| 443 | 00:39:23 --> 00:39:26 | much as those little goobers that write those books and sell courses tell you |
| 444 | 00:39:26 --> 00:39:31 | it's not how it works, folks, that's not how it works. If it breaks your heart, |
| 445 | 00:39:31 --> 00:39:35 | God bless you. Get over it, because this is what really makes the markets move |
| 446 | 00:39:35 --> 00:39:40 | around time and price. But you have to have reference points to know how do |
| 447 | 00:39:40 --> 00:39:45 | these markets book price? Because they're going to use these hidden areas. |
| 448 | 00:39:45 --> 00:39:48 | Oh, they're not hidden nicely. Everybody knows about gaps, right? And look at |
| 449 | 00:39:48 --> 00:39:53 | everybody else's use of them. No, it's going to, it's going to be a gap fill, |
| 450 | 00:39:53 --> 00:39:57 | and then it doesn't fill the gap. It runs away. And then the gaps used later |
| 451 | 00:39:57 --> 00:40:00 | on, at some other time, and once it fills up, and once it's. Those don't |
| 452 | 00:40:00 --> 00:40:04 | know he's interested in anymore. Allah, Chris, Laurie, they'll say there's an |
| 453 | 00:40:04 --> 00:40:09 | inefficiency, a buy side imbalance, as we call it, buy side and balance outside |
| 454 | 00:40:09 --> 00:40:12 | efficiency. He'll call that liquidity void. That's not a void of liquidity. It |
| 455 | 00:40:12 --> 00:40:15 | offered buy side delivery. There was buyers going on in there. What's it? |
| 456 | 00:40:15 --> 00:40:19 | App? What's absent? Sell side delivery. That means moving right back over top of |
| 457 | 00:40:19 --> 00:40:28 | it and tamping over top of that, run up in that single candle so you can look at |
| 458 | 00:40:28 --> 00:40:33 | it. Look at this stuff. Okay? He would say, okay, that's we're done now. We're |
| 459 | 00:40:33 --> 00:40:39 | done with that once it filled it in. He's done next. Setup, not me, brother, |
| 460 | 00:40:40 --> 00:40:50 | not me. These things around specific times, they are absolutely useful and |
| 461 | 00:40:50 --> 00:40:55 | will be used by the algorithm. Now think about it, if everybody has the same |
| 462 | 00:40:55 --> 00:41:01 | logic that once a gap fills it's over, then why would they fucking work again |
| 463 | 00:41:01 --> 00:41:04 | over and over and over again every time you trade back to them. And nobody's |
| 464 | 00:41:04 --> 00:41:10 | ever noticed it. No one's ever noticed it. I got over 2000 trading books, okay? |
| 465 | 00:41:10 --> 00:41:16 | Not one of these jokers ever talked about it, ever. And the first time I |
| 466 | 00:41:16 --> 00:41:20 | started using this information to call the market in front of family members |
| 467 | 00:41:20 --> 00:41:23 | and friends and friends and say, watch what it's doing right here. Look what |
| 468 | 00:41:23 --> 00:41:27 | it's going to do right here. I don't have the level strong on it. I'm just |
| 469 | 00:41:27 --> 00:41:29 | telling them this is where it's going to go. So in other words, I've had the |
| 470 | 00:41:29 --> 00:41:34 | level here, here and here, just in my mind, say, Okay, I know that number. |
| 471 | 00:41:34 --> 00:41:37 | That's the one that I'm going to see it trade too. And the watchster jaw opened |
| 472 | 00:41:37 --> 00:41:42 | up, like, how do you know that? Yeah, it's good, isn't it? Isn't it good? It's |
| 473 | 00:41:42 --> 00:41:46 | so good. Well, these things are always there. They're never going to hide it |
| 474 | 00:41:46 --> 00:41:49 | from you, folks. Okay? And you're probably thinking, Oh, they're going to |
| 475 | 00:41:49 --> 00:41:53 | change it because you taught it bullshit. How are they going to change |
| 476 | 00:41:54 --> 00:41:59 | the gap? First of all, they're not going to be able to hide the gap from you if |
| 477 | 00:41:59 --> 00:42:04 | we open at six o'clock, higher than where we closed at five o'clock. We have |
| 478 | 00:42:04 --> 00:42:12 | a we have a gap. Gap opening. It's a higher gap. Okay, I don't care. I don't |
| 479 | 00:42:12 --> 00:42:15 | care if it's an up gap or a down gap. I want to know what those levels are. What |
| 480 | 00:42:15 --> 00:42:18 | are they? The three levels here, consequent crochet, which is the |
| 481 | 00:42:18 --> 00:42:21 | midpoint, the highest, high and the lowest, low. What's the high whichever |
| 482 | 00:42:21 --> 00:42:26 | is higher, where we stopped at five o'clock or where we opened at six |
| 483 | 00:42:26 --> 00:42:31 | o'clock. It's a very simple process that's not complicated. What's going to |
| 484 | 00:42:31 --> 00:42:35 | be complicated is, is, if you're trying to have 1000 of these things, because |
| 485 | 00:42:35 --> 00:42:39 | it's, you know, 200 some trading days in a year, you're going to have a lot of |
| 486 | 00:42:39 --> 00:42:42 | them on your chart. And you're gonna look at this and say, What the hell am I |
| 487 | 00:42:42 --> 00:42:45 | supposed to do? And the jokers that are in the listening audience are gonna say, |
| 488 | 00:42:45 --> 00:42:49 | Well, of course, it's gonna hit one of these levels. There's so many of them, |
| 489 | 00:42:49 --> 00:42:54 | you're a fucking flam this logic is very specific. Just look at the last five. |
| 490 | 00:42:54 --> 00:42:59 | And if there is a clustering, if there's like out of the last five, say there's |
| 491 | 00:42:59 --> 00:43:03 | three of them that are above price at the market price right now, when you are |
| 492 | 00:43:03 --> 00:43:08 | looking at seven o'clock and eight o'clock and nine o'clock, anticipating |
| 493 | 00:43:08 --> 00:43:13 | that engineering of liquidity, I'm coming to that I didn't forget. But if |
| 494 | 00:43:13 --> 00:43:19 | you know that you have a series of new day opening gaps above, chances are |
| 495 | 00:43:19 --> 00:43:22 | they're going to want to gravitate to that. So what would that do for you as a |
| 496 | 00:43:22 --> 00:43:27 | trader, if you're anticipating a short, give it a chance in that first 30 |
| 497 | 00:43:27 --> 00:43:31 | minutes to try to reach in that direction, because they might spike it |
| 498 | 00:43:31 --> 00:43:35 | up there in a really thin price. Run to get up into those old, new day opening |
| 499 | 00:43:35 --> 00:43:40 | gaps, then wait for it to break down and show a market structure or a breaker, |
| 500 | 00:43:40 --> 00:43:44 | okay, and or look for an inversion fair bag app, like I tell you in the part two |
| 501 | 00:43:44 --> 00:43:50 | of this mentorship how to see them. Those are so powerful. They are so |
| 502 | 00:43:50 --> 00:43:56 | powerful that that is one of the bangers as a PD array. I think you if you can |
| 503 | 00:43:56 --> 00:44:00 | sit patiently, I say this about all my PD arrays, in case you don't know that, |
| 504 | 00:44:01 --> 00:44:07 | but if you could sit patiently and wait for them to form, they will give you |
| 505 | 00:44:07 --> 00:44:16 | runners that just are so good. It's like the first kiss of a girlfriend, the |
| 506 | 00:44:16 --> 00:44:20 | taste of those lips. That's exactly what it's like. It's beautiful. It's love. |
| 507 | 00:44:20 --> 00:44:27 | It's love, love and a candlestick baby, and this type of stuff repeats over and |
| 508 | 00:44:27 --> 00:44:34 | over and over again. So when I spent time teaching what I have made a real |
| 509 | 00:44:34 --> 00:44:40 | attempt to do is he your mind up and your attention to these critical times |
| 510 | 00:44:40 --> 00:44:46 | and conditions where the market is more predisposed to behave a manner that's |
| 511 | 00:44:46 --> 00:44:50 | one sided. That's what you need as a trader. |
| 512 | 00:44:50 --> 00:44:54 | You need movement number one. You need to be able to predict that movement. And |
| 513 | 00:44:54 --> 00:44:57 | you need to be able to predict the movements direction, unless you're |
| 514 | 00:44:57 --> 00:45:01 | trading options, and there's a way to do that too. Uh, you don't need another |
| 515 | 00:45:01 --> 00:45:04 | direction. You can be delta neutral, but that's another time for another subject |
| 516 | 00:45:04 --> 00:45:10 | matter. But in this case, we can see that these things tend to repeat. They |
| 517 | 00:45:10 --> 00:45:15 | tend to repeat every single day, every single week. Okay, so now, what's the |
| 518 | 00:45:15 --> 00:45:19 | difference between a new week opening gap and a new day opening gap? Well, |
| 519 | 00:45:19 --> 00:45:25 | there's five new day opening gaps in the course of a week, you only have one new |
| 520 | 00:45:25 --> 00:45:33 | week opening gap. So what do you think has more impact on a swing trade? A New |
| 521 | 00:45:33 --> 00:45:39 | Day opening gap or a new week opening gap, a new week opening gap because |
| 522 | 00:45:39 --> 00:45:44 | you're you're factoring the imbalance and inefficiency of a new week opening |
| 523 | 00:45:45 --> 00:45:49 | on Sunday at 6pm where they've had a whole weekend to digest everything, and |
| 524 | 00:45:49 --> 00:45:54 | they use that opening price. Who's that? Those individuals that are in control of |
| 525 | 00:45:54 --> 00:45:57 | the marketplace? I know you don't like to hear that, and I know it pisses you |
| 526 | 00:45:57 --> 00:46:00 | off, because I talk in a very condescending tone and arrogant pricky |
| 527 | 00:46:00 --> 00:46:06 | and all that bullshit. But if you took the time of investigating things that |
| 528 | 00:46:06 --> 00:46:09 | I'm telling you, you'll see that it's there. This isn't retail buying and |
| 529 | 00:46:09 --> 00:46:14 | selling pressure. It's not large funds buying and selling pressure that's |
| 530 | 00:46:14 --> 00:46:19 | causing them to turn because that's not what happens. Does it matter how much |
| 531 | 00:46:20 --> 00:46:24 | buying and selling pressure has absolutely no bearing on it, you'll be |
| 532 | 00:46:24 --> 00:46:32 | able to sit down and predict with a high degree of precision and accuracy where |
| 533 | 00:46:32 --> 00:46:37 | the market's going to gravitate to. That's the very first stage in your |
| 534 | 00:46:37 --> 00:46:41 | development that is not profitable trading, that is not precision entries, |
| 535 | 00:46:41 --> 00:46:46 | that's not tight stop losses and low risk management. It is the first stage. |
| 536 | 00:46:47 --> 00:46:52 | And you have to warm up to that idea knowing. Okay, this guy's talking to me. |
| 537 | 00:46:52 --> 00:46:55 | He does talk a lot, but the shit he's saying that, the stuff he's pointing |
| 538 | 00:46:55 --> 00:46:59 | out, is happening all the time, so it's worth me listening to, because I'm not |
| 539 | 00:46:59 --> 00:47:03 | talking for the sake of talking, I'm telling you all the things that's going |
| 540 | 00:47:03 --> 00:47:09 | to arise in your mind as a fear, as a uncertainty, as a doubt. These are all |
| 541 | 00:47:09 --> 00:47:15 | things I have experienced myself, and I have millions of students, and they all |
| 542 | 00:47:15 --> 00:47:18 | give me feedback, whether I give a response back to them or not. I take |
| 543 | 00:47:18 --> 00:47:22 | that feedback and I said, Okay, I can. I can I can use this information, and the |
| 544 | 00:47:22 --> 00:47:27 | next time I talk about it, I'll kind of draw that in to the conversation. So I |
| 545 | 00:47:27 --> 00:47:30 | know pretty much what questions you have in mind. That's why it feels like I'm |
| 546 | 00:47:30 --> 00:47:33 | reading your mind when I'm talking about certain things, or if I'm watching price |
| 547 | 00:47:33 --> 00:47:36 | action, and I'm saying, I'm looking for this or that, and then I'll say, and you |
| 548 | 00:47:36 --> 00:47:40 | probably think this, this, this, because I have heard all those questions before. |
| 549 | 00:47:40 --> 00:47:43 | That's all it is. I'm not I'm not clairvoyant. I don't believe in the SP. |
| 550 | 00:47:43 --> 00:47:50 | So as much as it looks like, sometimes I have it, if we have a clustering of new |
| 551 | 00:47:50 --> 00:47:57 | week opening gaps below the marketplace, okay, I'm going to elect to see price, |
| 552 | 00:47:57 --> 00:48:01 | try to gravitate to that. That's not a hard and fast only going short. It just |
| 553 | 00:48:01 --> 00:48:06 | means that if I'm going to look for a long I'm going to wait and see right |
| 554 | 00:48:06 --> 00:48:10 | away. Do they want to drop it down there in that direction? Doesn't mean they |
| 555 | 00:48:10 --> 00:48:15 | have to trade to those group of new week opening gaps or New Day opening gaps |
| 556 | 00:48:16 --> 00:48:21 | either or it's just it's a filter that my mentorship students don't even know |
| 557 | 00:48:21 --> 00:48:24 | anything about they're they're grinning right now because they they're learning |
| 558 | 00:48:24 --> 00:48:29 | just like you are. And when you have these things recorded in a layout for |
| 559 | 00:48:29 --> 00:48:33 | your chart, you'll be able to see, oh yeah, there's a there's a number of new |
| 560 | 00:48:33 --> 00:48:38 | day opening gaps and a couple new week opening gaps that are below price. And |
| 561 | 00:48:38 --> 00:48:41 | if you've seen we've only worked at one time, in other words, like we've seen it |
| 562 | 00:48:41 --> 00:48:44 | here, it went down into this one. This is the first time we passed down into |
| 563 | 00:48:44 --> 00:48:49 | it. This is the second time we passed down into it. Okay, if we've only |
| 564 | 00:48:49 --> 00:48:54 | touched the new week opening gap, or a series of new day opening gaps, once |
| 565 | 00:48:55 --> 00:48:59 | they're really sensitive, like they're hot, they're going to be one of the be |
| 566 | 00:48:59 --> 00:49:02 | they're going to see price draw back to them. That's just a guarantee it's going |
| 567 | 00:49:02 --> 00:49:05 | to happen. It's going to happen. And there's very few guarantees in price. |
| 568 | 00:49:05 --> 00:49:09 | There's very, very few guarantees in trading. But this is something that |
| 569 | 00:49:09 --> 00:49:12 | you're going to study and you're going to see it. What I just said is the |
| 570 | 00:49:12 --> 00:49:17 | gospel, it absolutely is always there, and that right there cancels out the |
| 571 | 00:49:17 --> 00:49:22 | whole idea that these markets aren't rigged. Because why would it care? Why |
| 572 | 00:49:22 --> 00:49:28 | would it care about a gap that filled weeks ago? Why would it do that? Unless |
| 573 | 00:49:28 --> 00:49:35 | it's being called as a reference point through coding and it's referring back |
| 574 | 00:49:35 --> 00:49:48 | to a certain span of time. Oh, my slip. Let me slow down. It's a very specific |
| 575 | 00:49:48 --> 00:49:55 | reference of time that the algorithm will seek and look back to, okay, and by |
| 576 | 00:49:55 --> 00:50:02 | having that look back period and looking at these. Uh, reference points in price, |
| 577 | 00:50:02 --> 00:50:08 | so you have time and then price, and when you can identify these things and |
| 578 | 00:50:08 --> 00:50:11 | they they're never going to be able to hide where they open the price up in |
| 579 | 00:50:11 --> 00:50:15 | relationship and in deference to where we closed it at five o'clock. Can you |
| 580 | 00:50:15 --> 00:50:19 | understand that much if you're brand new and you're thinking, Okay, this is |
| 581 | 00:50:19 --> 00:50:23 | probably going to stop working, because it's being taught. I taught this and |
| 582 | 00:50:23 --> 00:50:27 | it's it still works beautifully. It's not going to stop working. Okay, believe |
| 583 | 00:50:27 --> 00:50:30 | me, if I believed any of this stuff is going to stop working, if I taught any |
| 584 | 00:50:30 --> 00:50:35 | of it, you would never know about it. Okay, the things that I teach, they're |
| 585 | 00:50:35 --> 00:50:39 | just very market generic. They're going to behave this way all the time, because |
| 586 | 00:50:39 --> 00:50:42 | this is the source code. This is exactly what it's going to do. It's always going |
| 587 | 00:50:42 --> 00:50:45 | to do these things until they tear the markets down entirely. This is what's |
| 588 | 00:50:45 --> 00:50:50 | going to be there. So as long as we can trade markets, these advantages are |
| 589 | 00:50:50 --> 00:50:54 | going to be available to you. And that should excite you. It should you. It |
| 590 | 00:50:54 --> 00:50:59 | should give you passion and desire to spend more time seeking them and |
| 591 | 00:50:59 --> 00:51:05 | understanding the characteristics around them. And what this does, it gives you a |
| 592 | 00:51:05 --> 00:51:13 | magnetized reference point of where bias can draw to even before relative equal |
| 593 | 00:51:13 --> 00:51:20 | highs or lows form. Wait a minute. Slow this down. Slow your roll. ICT say that |
| 594 | 00:51:20 --> 00:51:23 | one more time, because I think I just heard you say you can predict relative |
| 595 | 00:51:23 --> 00:51:28 | equal highs and lows before they form. Yeah, you're fucking right. Yep. That's |
| 596 | 00:51:28 --> 00:51:34 | exactly what engineering liquidity is. That's exactly what it is. Okay? So if |
| 597 | 00:51:34 --> 00:51:41 | you have a predis predisposed likelihood, if it's likely that we're |
| 598 | 00:51:41 --> 00:51:44 | going to draw down to a new day opening gap, or we're going to draw down to a |
| 599 | 00:51:44 --> 00:51:49 | cluster of New Day opening gaps that haven't been traded to or used much, or |
| 600 | 00:51:49 --> 00:51:54 | a new week, or new week opening gaps that are clustering below market price. |
| 601 | 00:51:54 --> 00:52:00 | At what time, at what time? ICT, at seven, eight or nine. You're you're |
| 602 | 00:52:00 --> 00:52:06 | referencing, you're trying to get a feel for what is it, what is it likely to do? |
| 603 | 00:52:06 --> 00:52:09 | Sure there's going to be volatility, sure there's going to be probably all |
| 604 | 00:52:09 --> 00:52:13 | kinds of movement around. But what was the market showing us right away? Well, |
| 605 | 00:52:13 --> 00:52:19 | it's got relative equal highs, but it's also got relative equal lows from seven |
| 606 | 00:52:19 --> 00:52:24 | o'clock at eight o'clock. Okay, so if we know the new day opening gap is down |
| 607 | 00:52:24 --> 00:52:31 | here, south of all that down here, we know that it's probably going to run |
| 608 | 00:52:31 --> 00:52:36 | these hops. So you, as a trader, Caleb, you're going to be thinking, all right, |
| 609 | 00:52:36 --> 00:52:40 | I know that this is a gravitational pull on price. The algorithm is going to |
| 610 | 00:52:40 --> 00:52:47 | revisit this. Okay, if I noticed that there's relative equal highs after seven |
| 611 | 00:52:47 --> 00:52:51 | o'clock, that was the rules I gave you. There's no guidance from ICT, by the |
| 612 | 00:52:51 --> 00:52:54 | way, there's no guidance. There's no rule based idea. He never tells you how |
| 613 | 00:52:54 --> 00:52:59 | to do it. It's just he talks vaguely and he reinvents things and renames stuff |
| 614 | 00:52:59 --> 00:53:05 | that other people wrote about. Here's the high and the second one, okay, and |
| 615 | 00:53:05 --> 00:53:15 | the market drops down. Do you chase that? No. Why? Because you have a new |
| 616 | 00:53:15 --> 00:53:20 | day opening gap down here that it's most likely going to trade to okay. It |
| 617 | 00:53:20 --> 00:53:23 | doesn't need the trade there today, as I'm going to prove to you in a little |
| 618 | 00:53:23 --> 00:53:28 | bit. Okay, you can be profitable without it never reaching that. It could do |
| 619 | 00:53:28 --> 00:53:32 | that, return back into here in London, like, like tonight. It could trade there |
| 620 | 00:53:32 --> 00:53:36 | in London tonight, if it hadn't dropped down there. And that's what I would have |
| 621 | 00:53:36 --> 00:53:40 | done, looking for a trade in London. Okay, I know some of you think, Oh, |
| 622 | 00:53:40 --> 00:53:43 | here. I would have, could have, trust me, you're about to see an execution. |
| 623 | 00:53:43 --> 00:53:50 | Just let your ass down these highs here. That would be an ideal scenario to run |
| 624 | 00:53:50 --> 00:53:54 | those highs out. That would be a fake move. So that would be a Judah swing. |
| 625 | 00:53:54 --> 00:53:58 | Okay, as we referred to before, if we have a predisposed direction in mind, |
| 626 | 00:53:58 --> 00:54:04 | where we want to trade, where there's a larger draw or gravitational pull on |
| 627 | 00:54:04 --> 00:54:09 | price that's outside the parameters of just relative equal highs or relative |
| 628 | 00:54:09 --> 00:54:13 | equal lows, because that's just one piece of it. That's just a piece of it. |
| 629 | 00:54:14 --> 00:54:18 | So you want to have a tool, a weapon, okay, |
| 630 | 00:54:19 --> 00:54:25 | a weapon in your arsenal that will help you understand with more probability, |
| 631 | 00:54:25 --> 00:54:30 | more odds in your favor, that the market's going to gravitate to a very |
| 632 | 00:54:30 --> 00:54:35 | specific range in price action, and that range needs to be a new day opening gap, |
| 633 | 00:54:35 --> 00:54:39 | or a new week opening gap. Caleb, that's your black hole, if you will. It's going |
| 634 | 00:54:39 --> 00:54:43 | to draw price to it. It doesn't mean it's going to be a straight line to it. |
| 635 | 00:54:44 --> 00:54:48 | It just means that it's going to have an overwhelming impact on the overall |
| 636 | 00:54:48 --> 00:54:52 | direction of what price is going to do. There may be static price action moving |
| 637 | 00:54:52 --> 00:54:55 | around. It might have a little bit of flurry of rallies here and there, but |
| 638 | 00:54:55 --> 00:54:58 | ultimately it's going to bend a knee and go right to where it needs to go, which |
| 639 | 00:54:58 --> 00:55:03 | is the new day opening gap or. New week opening that Okay, so this is |
| 640 | 00:55:03 --> 00:55:09 | engineering liquidity. As the market drops down, we would never go short |
| 641 | 00:55:09 --> 00:55:14 | right away after seeing new new start of a new am session at seven o'clock, and |
| 642 | 00:55:14 --> 00:55:17 | they have relative equal highs, especially if we're thinking a new day |
| 643 | 00:55:17 --> 00:55:22 | opening gap is a draw. So what we would rather do is we would rather see it |
| 644 | 00:55:22 --> 00:55:29 | trade up and cancel out this liquidity. So as it's dropping, traders are going |
| 645 | 00:55:29 --> 00:55:32 | to chase that thing. Yes, this is a this is really good. This is easy. All I |
| 646 | 00:55:32 --> 00:55:37 | gotta do is follow the moving averages. Okay, do your stochastics over bought |
| 647 | 00:55:37 --> 00:55:43 | and oversold. You take your profit link for another go, go short, right? Well, |
| 648 | 00:55:43 --> 00:55:47 | this level you would have on your chart, and you would observe that, okay, |
| 649 | 00:55:56 --> 00:56:02 | above this high is buy side, okay, buy side, liquidity or buy stops. The market |
| 650 | 00:56:02 --> 00:56:07 | rallies after nine o'clock, we get this little squiggly line here, and then it |
| 651 | 00:56:07 --> 00:56:14 | runs, pumps up above it, 123, relative equal high, then breaks down and then |
| 652 | 00:56:14 --> 00:56:22 | increasing only relative equal high. Are we more likely to clear these highs |
| 653 | 00:56:22 --> 00:56:29 | here, if we have what I've been teaching you here, the larger draw, the more |
| 654 | 00:56:29 --> 00:56:32 | influential draw on liquidity, our new day opening gaps and new week opening |
| 655 | 00:56:32 --> 00:56:39 | gaps. That's the real hidden. That's the magnet on price, okay? And when you |
| 656 | 00:56:39 --> 00:56:43 | start mapping them out on your chart and keeping them active on your chart with |
| 657 | 00:56:43 --> 00:56:46 | the time reference points that I told you, like the the life cycle of them. |
| 658 | 00:56:49 --> 00:56:53 | For the sake of having more time used with them, you can create an additional |
| 659 | 00:56:53 --> 00:57:00 | layout on trading view where you keep them for as long as you want. Okay, but |
| 660 | 00:57:00 --> 00:57:04 | just understand knowing how to use them and managing them when they're older. |
| 661 | 00:57:04 --> 00:57:08 | Just you have to keep track of how many times they've been referred to, and it |
| 662 | 00:57:08 --> 00:57:11 | takes a little bit of effort, and most people don't want to listen to me teach |
| 663 | 00:57:11 --> 00:57:14 | something that's going to make them millions of dollars if they put their |
| 664 | 00:57:14 --> 00:57:18 | asses to work with it. But hey, you know, everybody wants to do their own |
| 665 | 00:57:18 --> 00:57:23 | thing. You can see the power of using this information. Once you start logging |
| 666 | 00:57:23 --> 00:57:27 | them in your own charts, you're going to see them in your charts. Once you have |
| 667 | 00:57:27 --> 00:57:31 | them, you're going to watch price do all kinds of silly shit that people on |
| 668 | 00:57:31 --> 00:57:36 | YouTube, on Twitter, on social media, if they're making their opinions vocal in |
| 669 | 00:57:36 --> 00:57:41 | public, you're going to start smiling. Your corners of your mouth are going to |
| 670 | 00:57:41 --> 00:57:45 | start aching because you're going to be smiling, grinning your ass off, because |
| 671 | 00:57:45 --> 00:57:50 | you can see them falling victim. They're literally falling on the sword of the |
| 672 | 00:57:50 --> 00:57:54 | market. And then they're going to get sucked into a motion going right down to |
| 673 | 00:57:54 --> 00:57:58 | these levels or up to these levels, in deference to when it's bullish. But |
| 674 | 00:57:58 --> 00:58:02 | you're going to see it, and you're going to watch it unfold, and you're going to |
| 675 | 00:58:02 --> 00:58:08 | have a perception over price that you've never imagined before. It's it literally |
| 676 | 00:58:08 --> 00:58:14 | is. If you remember watching the Batman when he he linked all everybody's cell |
| 677 | 00:58:14 --> 00:58:18 | phones together, and it was like a radar. He could see things because of |
| 678 | 00:58:18 --> 00:58:22 | their cell phones all being linked together, or like The Matrix when Neo |
| 679 | 00:58:22 --> 00:58:25 | finally solved in matrix for what it was, and you could just see it in binary |
| 680 | 00:58:25 --> 00:58:32 | code, zeros and ones. And it's very, very close to that feeling, if I can use |
| 681 | 00:58:32 --> 00:58:39 | an analogy that's artistic, if you will, because you have a vision that's outside |
| 682 | 00:58:39 --> 00:58:45 | the candlesticks, you don't see the candlesticks anymore for for just open, |
| 683 | 00:58:45 --> 00:58:52 | high, low, close. You're seeing them as a black hole. Pulling price, okay, |
| 684 | 00:58:52 --> 00:59:00 | pooling price, dark pool. Pooling price, where everybody else is unaware. They're |
| 685 | 00:59:00 --> 00:59:04 | unaware. They have no idea what the fuck is going on. They're freaking out |
| 686 | 00:59:04 --> 00:59:07 | because they're losing their trade. They're blowing their accounts, their |
| 687 | 00:59:07 --> 00:59:13 | system stuff ain't working. The guide are following signals or shit. They have |
| 688 | 00:59:13 --> 00:59:20 | no idea what's going on, but it's careening towards this hidden area that |
| 689 | 00:59:20 --> 00:59:24 | nobody seems to give a shit about. But they saw it when it got opened at the |
| 690 | 00:59:24 --> 00:59:28 | beginning of the day. They saw it gap open on Sunday. Everybody knows about |
| 691 | 00:59:28 --> 00:59:34 | that gap. It's always been talked about gaps. Oh, everybody knows about a gap. |
| 692 | 00:59:34 --> 00:59:40 | Nobody knows about a gap, but they all know about it. Now. These areas of price |
| 693 | 00:59:40 --> 00:59:49 | will never, ever, ever, ever, ever, ever be hidden from you. So therefore they |
| 694 | 00:59:49 --> 00:59:55 | will always have effectiveness in your trading. They'll always be efficient |
| 695 | 00:59:55 --> 01:00:02 | compartments to a trading model that has a huge. Huge impact on what makes you |
| 696 | 01:00:02 --> 01:00:06 | successful in reading price, therefore, as a default, if you can do entries that |
| 697 | 01:00:06 --> 01:00:11 | are very systematic, that has sound logic behind them, and you have small |
| 698 | 01:00:11 --> 01:00:14 | risk and you don't over trade, then by default, what does that mean that you're |
| 699 | 01:00:14 --> 01:00:20 | offered and afforded potential profitability, and what happens if you |
| 700 | 01:00:20 --> 01:00:24 | do these things, these routines, these protocols, these step by step, by step |
| 701 | 01:00:24 --> 01:00:33 | by step, things, this guidance, and you don't deviate from it. You don't try to |
| 702 | 01:00:33 --> 01:00:37 | reinvent the wheel. Yeah, like ICTs rims, but I'm going to spray paint on my |
| 703 | 01:00:37 --> 01:00:45 | color and call it my thing. No, don't change it. Stick to the things that I'm |
| 704 | 01:00:45 --> 01:00:51 | showing you. Don't embellish upon them. Just take that information and use it |
| 705 | 01:00:51 --> 01:00:56 | and be thankful that you got it, because I didn't have to give it to you. I |
| 706 | 01:00:56 --> 01:00:59 | didn't have to teach this stuff to you. I've been sitting on this stuff for |
| 707 | 01:00:59 --> 01:01:03 | three decades, man, watching everybody else out there act like they know |
| 708 | 01:01:03 --> 01:01:07 | they're talking about everybody on CNBC, the market's gonna do this. The market's |
| 709 | 01:01:07 --> 01:01:12 | gonna do that. Oh shit. And then what you'll see is, when you can watch social |
| 710 | 01:01:12 --> 01:01:16 | media, that's a herd. When they start talking about when they're bullish, when |
| 711 | 01:01:16 --> 01:01:19 | they're bearish, or they say, Oh, it's a crash. The market's crashing, you'll |
| 712 | 01:01:19 --> 01:01:24 | walk right in there and say, Okay, I'm going to be a buyer. Oh, the market's |
| 713 | 01:01:24 --> 01:01:28 | going to drop. It's going to it's going to crash. It's going to crash. You go in |
| 714 | 01:01:28 --> 01:01:34 | there because you see that herd mentality going against an idea based on |
| 715 | 01:01:34 --> 01:01:38 | these principles. And if it's diametrically opposed, the odds, my |
| 716 | 01:01:38 --> 01:01:44 | experience, the odds are going to be in your favor and less in theirs. And |
| 717 | 01:01:44 --> 01:01:48 | that's the key to trading with high degree of precision. You have smart |
| 718 | 01:01:48 --> 01:01:53 | money precision and odds in your favor when you're waiting for periods of time, |
| 719 | 01:01:53 --> 01:01:58 | when the markets participants that are stupid, dumb Street money, that's people |
| 720 | 01:01:58 --> 01:02:06 | that talk about their ideas online, those individuals that openly show their |
| 721 | 01:02:06 --> 01:02:13 | hand and show their cards. That is Street money. Okay? Street Money is my |
| 722 | 01:02:13 --> 01:02:18 | wife. When Bitcoin was just about to get to 20,000 the first time, but failed, |
| 723 | 01:02:18 --> 01:02:23 | and she said, Do you trade Bitcoin? I said, What did you just say to me? I |
| 724 | 01:02:23 --> 01:02:28 | said, Do you trade Bitcoin? I was like, That's it. Didn't answer. I went right |
| 725 | 01:02:28 --> 01:02:32 | on Twitter. I said, That's it. Bitcoin ain't hitting 20,000 it's going to go |
| 726 | 01:02:32 --> 01:02:36 | it's going to drop to 6000 and it did. And I said I was going to go to 3000 but |
| 727 | 01:02:36 --> 01:02:43 | I was off by three 300 points. It's all history. It's all there. Her perspective |
| 728 | 01:02:43 --> 01:02:47 | is Street money. It's the dumb money perspective, because she doesn't know |
| 729 | 01:02:47 --> 01:02:51 | how to trade. She doesn't know how to market operate. And here she is, has she |
| 730 | 01:02:51 --> 01:02:55 | has an interest in Bitcoin because it had been going up. Everybody's talking |
| 731 | 01:02:55 --> 01:02:58 | about it. Well, there you go. You're near the high. So what I like to do, and |
| 732 | 01:02:58 --> 01:03:02 | a lot of a lot of people get pissed off at me, a lot of people that are taking |
| 733 | 01:03:02 --> 01:03:04 | my stuff and trying stuff and trying to run mentorships and stuff, they're |
| 734 | 01:03:04 --> 01:03:07 | really going to heat up and start talking about me. Okay? They're going to |
| 735 | 01:03:07 --> 01:03:10 | say, I'm a fraud. They're going to say this, that nothing, because they need |
| 736 | 01:03:10 --> 01:03:14 | their marketing to focus the attention on themselves, and they look like a |
| 737 | 01:03:14 --> 01:03:18 | hero, because now they can point the finger back the ICT. IC doesn't he |
| 738 | 01:03:18 --> 01:03:21 | doesn't teach you look at everybody's making money off the stuff I've taught. |
| 739 | 01:03:21 --> 01:03:24 | Don't forget that. Don't forget these people talking to you have made money |
| 740 | 01:03:24 --> 01:03:27 | off of the stuff I've taught. They all have a little sales pitch, and that's |
| 741 | 01:03:27 --> 01:03:31 | fine. Look, I got no problem. I got no personal beef with anybody. You're going |
| 742 | 01:03:31 --> 01:03:34 | to do what you're going to do because you need to eat. And I'm not trying to |
| 743 | 01:03:34 --> 01:03:37 | starve anybody. I'm not trying to starve anybody, because what's about to happen, |
| 744 | 01:03:37 --> 01:03:43 | it's going to affect every single one of us. So if this helps me from doling out |
| 745 | 01:03:43 --> 01:03:47 | money to my son, because he can now make his money doing this outside and above |
| 746 | 01:03:47 --> 01:03:51 | his job, guess what? That helps me do. It helps me sleep at night. It takes any |
| 747 | 01:03:51 --> 01:03:55 | worry about him not being able to make it. If something happens to me, he's |
| 748 | 01:03:56 --> 01:04:00 | he's able to do this. He can take care of it. And that means that his brothers, |
| 749 | 01:04:00 --> 01:04:06 | who don't trade, they can learn from him. I've been trying to get one of them |
| 750 | 01:04:06 --> 01:04:10 | to do it really well, so that way I know if I have to lay my head down for the |
| 751 | 01:04:10 --> 01:04:14 | last time and leave this world, that I know I'm able to have this passed on, |
| 752 | 01:04:15 --> 01:04:20 | that's That's my motivation. But you have to think about, okay, well, here's |
| 753 | 01:04:20 --> 01:04:23 | relative equal highs. So they're going to run above that, right? Because ICT |
| 754 | 01:04:23 --> 01:04:27 | said they're going to run above the highs. You see what I'm showing you here |
| 755 | 01:04:27 --> 01:04:33 | today. This is underlying narrative, and you're coupling it with the engineering |
| 756 | 01:04:33 --> 01:04:37 | of liquidity. If there's an arm wrestling match, okay, say you have arm |
| 757 | 01:04:37 --> 01:04:42 | wrestling match between, oh, good gracious. I can't even think of anybody |
| 758 | 01:04:42 --> 01:04:46 | that's a strong man. I don't, I don't know. Just think of someone that's very, |
| 759 | 01:04:46 --> 01:04:51 | very strong. Okay, big biceps, big upper body, big latissimus, dorsi, deltoids, |
| 760 | 01:04:51 --> 01:04:56 | real big. And then you have somebody, you know, some teenager read out of |
| 761 | 01:04:56 --> 01:05:00 | school, okay? And he's got, like, spaghetti arms, and they're going. Have |
| 762 | 01:05:00 --> 01:05:04 | an arm wrestling match, who's going to win? Clearly, right? Clearly it's going |
| 763 | 01:05:04 --> 01:05:08 | to be the behemoth. It's It's a monster, right? Clearly, outweighing and strength |
| 764 | 01:05:08 --> 01:05:09 | and everything. |
| 765 | 01:05:10 --> 01:05:16 | When you place the effects of what street money will see in price versus |
| 766 | 01:05:16 --> 01:05:21 | what a smart money perspective is over price, you literally are arm wrestling |
| 767 | 01:05:21 --> 01:05:26 | the strongest man in the world, expecting to win. It's not going to |
| 768 | 01:05:26 --> 01:05:31 | happen. And this repeats every single week and every single trading day, |
| 769 | 01:05:31 --> 01:05:34 | because the retail crowd, number one, they don't even believe. Most of you |
| 770 | 01:05:34 --> 01:05:38 | listening to me, you probably don't really believe there's an algorithm. But |
| 771 | 01:05:38 --> 01:05:40 | you you entertain me because you think this is something like a nervous tic. I |
| 772 | 01:05:40 --> 01:05:44 | got to keep talking about or whatever I you know, at this point, if you don't |
| 773 | 01:05:44 --> 01:05:48 | see it or believe it, there's no hope for you. There's literally no hope for |
| 774 | 01:05:48 --> 01:05:52 | you. In that regard, you don't need to believe in an algorithm for it to be |
| 775 | 01:05:52 --> 01:05:55 | profitable. You could say, well, you know, I'm suspend my belief about it, |
| 776 | 01:05:55 --> 01:05:58 | and it's not important to me. I just want to trade something that works. |
| 777 | 01:05:58 --> 01:06:01 | Okay, wonderful. But you can't knock me for telling you what's really going on, |
| 778 | 01:06:01 --> 01:06:05 | because I'm not lying to you about it. It's really there, and these are the |
| 779 | 01:06:05 --> 01:06:09 | reasons why it repeats. Because if it's an algorithm, the algorithm does the |
| 780 | 01:06:09 --> 01:06:15 | same things all the time because it's following a code. It's following the |
| 781 | 01:06:15 --> 01:06:20 | syntax and coding and the logic that was used to create it, and it has to refer |
| 782 | 01:06:20 --> 01:06:25 | back to old information. It can't pull stuff out of its ass. It's not a real |
| 783 | 01:06:25 --> 01:06:30 | thing. So it has to use instructions like a recipe, okay, if you have a |
| 784 | 01:06:30 --> 01:06:34 | recipe card, you pull it out and say, I want to make chicken alfredo. All right, |
| 785 | 01:06:34 --> 01:06:38 | what ingredients do I need? I need this, this, this, this, this. So the recipe is |
| 786 | 01:06:38 --> 01:06:42 | calling your attention to Well, before we begin, you have to have a measuring |
| 787 | 01:06:42 --> 01:06:45 | cup of this much Parmesan cheese and this much of this and cream and whatnot. |
| 788 | 01:06:45 --> 01:06:49 | You have to all have have all these information laid out in front of you, |
| 789 | 01:06:49 --> 01:06:53 | how much we have to have. But then you have to do what. You have to execute on |
| 790 | 01:06:53 --> 01:06:58 | that and get those ingredients measured out, and then you combine them. Well, |
| 791 | 01:06:58 --> 01:07:04 | the algorithm has to have that information to call from, it needs to go |
| 792 | 01:07:04 --> 01:07:11 | back in time where it has delivered price before and it's based on date, day |
| 793 | 01:07:11 --> 01:07:16 | of week, month of the year, week of the month, what quarter of the year, and |
| 794 | 01:07:16 --> 01:07:20 | what price and what time it was trading there. That's the real fucking nitty |
| 795 | 01:07:20 --> 01:07:24 | gritty, baby. That's what's going on. It's going back to those reference |
| 796 | 01:07:24 --> 01:07:28 | points. It is absolutely has nothing to do with how many times a level was |
| 797 | 01:07:28 --> 01:07:33 | treated to you now, it's created resistance because everybody stopped |
| 798 | 01:07:33 --> 01:07:39 | buying it, because it went there before. This didn't stop going up because it ran |
| 799 | 01:07:39 --> 01:07:45 | out of buyers. This didn't go down and not go higher because it was more |
| 800 | 01:07:45 --> 01:07:50 | sellers. But that's the bullshit that you're told. There's a lot of talking |
| 801 | 01:07:50 --> 01:07:53 | heads that get paid a lot of money going around the world teaching that nonsense. |
| 802 | 01:07:53 --> 01:07:58 | There's a lot of people that go on TV and talk about this stuff and say that |
| 803 | 01:07:58 --> 01:08:02 | that's what's going on. And people eat it up. Eat it up. Oh yeah, that's |
| 804 | 01:08:02 --> 01:08:07 | exactly what's going on. That is absolutely not what's going on. That's |
| 805 | 01:08:07 --> 01:08:14 | not what's going on. The liquidity above these highs, it's traded to here, and it |
| 806 | 01:08:14 --> 01:08:19 | runs a little bit higher and a little bit higher, and it creates a relative |
| 807 | 01:08:19 --> 01:08:23 | equal high here. And this is designed in engineering liquidity. And this is, this |
| 808 | 01:08:23 --> 01:08:30 | is the the part that where, if you're anticipating a breakout move, you don't |
| 809 | 01:08:30 --> 01:08:36 | get filled, but if you're short, you're getting punished all day long, because |
| 810 | 01:08:36 --> 01:08:42 | they don't want you a part of the move. You have to wait, wait a minute. We got |
| 811 | 01:08:42 --> 01:08:48 | to wait for ICT. What did I mention at the beginning of this lecture today, the |
| 812 | 01:08:48 --> 01:08:53 | economic calendar when there's an absence? Oh, yeah, that's right. You did |
| 813 | 01:08:53 --> 01:08:58 | say that shit, there's an absence of any medium or high impact news driver in the |
| 814 | 01:08:58 --> 01:09:01 | morning session, where they're predominantly usually released around |
| 815 | 01:09:01 --> 01:09:05 | 830 sometimes 10 o'clock hour, like that. You have the 1030 had the the |
| 816 | 01:09:06 --> 01:09:14 | crude oil inventory number. That is generally that that that morning time of |
| 817 | 01:09:14 --> 01:09:18 | day is where all the reports come out. And predominantly, it's mostly given at |
| 818 | 01:09:18 --> 01:09:28 | the 830 Eastern time, but we had none of that today. But at one o'clock Eastern |
| 819 | 01:09:28 --> 01:09:33 | time we had the bond auction. So in my mind, what I like to do is I just sit |
| 820 | 01:09:33 --> 01:09:38 | still and wait for them to get everything all set up for that bond |
| 821 | 01:09:38 --> 01:09:43 | auction to release at one o'clock. Now you can, you can look at the economic |
| 822 | 01:09:43 --> 01:09:47 | calendar, and you can use what I'm showing you here today every single time |
| 823 | 01:09:47 --> 01:09:52 | they do a bond, bond auction, if there's a day where there's no morning data, |
| 824 | 01:09:53 --> 01:09:56 | this is the this is, this is important now, because sometimes you'll have a |
| 825 | 01:09:56 --> 01:10:01 | bond auction, but there'll be morning news drivers. You. That doesn't hold |
| 826 | 01:10:01 --> 01:10:05 | true for this. Okay? This is a condition. This is a setup, and a part |
| 827 | 01:10:05 --> 01:10:10 | of determining narrative where it's just a clean shot and you can just really |
| 828 | 01:10:10 --> 01:10:14 | anticipate it panning out, and you can trust everything I've taught before in |
| 829 | 01:10:14 --> 01:10:19 | terms of entry mechanisms, fair value, gap entries, bearish breakers, or, I'm |
| 830 | 01:10:19 --> 01:10:23 | sorry, bearish order blocks and or immediate rebalance. That's some of the |
| 831 | 01:10:23 --> 01:10:28 | things that you're going to see that I used here to do a trade. It was a demo |
| 832 | 01:10:28 --> 01:10:31 | trade. Okay? I want you to understand that it was a demo trade. It was me |
| 833 | 01:10:31 --> 01:10:35 | showing my son saying, hey, not Caleb, my youngest son. I said, this is what |
| 834 | 01:10:35 --> 01:10:38 | dad thinks is going to happen here. I'm going to push the button here, and I'm |
| 835 | 01:10:38 --> 01:10:41 | going to wait for it to come back up again. I'm going to show you the |
| 836 | 01:10:41 --> 01:10:45 | execution. I'll walk you through it, and then show you how if you want to hold on |
| 837 | 01:10:45 --> 01:10:51 | to a trade. Because I saw a lot of people leave in the very first lecture |
| 838 | 01:10:51 --> 01:10:57 | that I started in this 2024 mentorship, I got a lot of comments saying, Can you |
| 839 | 01:10:57 --> 01:11:02 | please talk about how to hold on to a trade? How can you hold on to a trade? |
| 840 | 01:11:02 --> 01:11:07 | How to hold on to a trade for a longer price move? Well, you obviously have to |
| 841 | 01:11:07 --> 01:11:13 | be able to get into a profitable trade to begin with. So that that right, there |
| 842 | 01:11:13 --> 01:11:18 | is a the first important factor that you have to first meet. If you can't do |
| 843 | 01:11:18 --> 01:11:21 | that, then it doesn't matter how, how far you want to hold on to a trade. |
| 844 | 01:11:21 --> 01:11:25 | Because if you can't get into a trade and make five handles in the s, p, or 10 |
| 845 | 01:11:25 --> 01:11:30 | handles in the NASDAQ, and consistently be able to do that, you probably are not |
| 846 | 01:11:30 --> 01:11:35 | going to be equipped to try to hold for something higher than that. So I'm sure |
| 847 | 01:11:35 --> 01:11:39 | there's a lot of folks out there that think that by saying here's how you hold |
| 848 | 01:11:39 --> 01:11:43 | for a larger trade, but they can't do a five handle trade consistently in an S |
| 849 | 01:11:43 --> 01:11:48 | and P or 10 handle run in the NASDAQ. If they're not doing that, they think that |
| 850 | 01:11:48 --> 01:11:53 | the answer to giving them a longer trade hold time or protocol or procedure that |
| 851 | 01:11:53 --> 01:11:57 | allows or affords for that, that that somehow answers the question of, I don't |
| 852 | 01:11:57 --> 01:12:01 | need to do a 10 handle or five handle, because I'm now going to trade 50 |
| 853 | 01:12:01 --> 01:12:07 | handles on NASDAQ. Okay, intermediate term price run, for me is 50 handles or |
| 854 | 01:12:07 --> 01:12:14 | more, okay, for NASDAQ, and then you have a larger price swing is 100 handles |
| 855 | 01:12:14 --> 01:12:17 | or more, and it doesn't, I don't have any grading beyond that, but anything |
| 856 | 01:12:17 --> 01:12:21 | less than a 50 handles is just to me. It's like a scalp. It's a very small |
| 857 | 01:12:21 --> 01:12:28 | scout. Intraday trades work where you're swing trading intraday volatility. It's |
| 858 | 01:12:28 --> 01:12:33 | usually like a 50 handle or more price run, okay? And I'm going to teach you a |
| 859 | 01:12:33 --> 01:12:39 | little bit how to do that, and then we'll close it for today. So what this |
| 860 | 01:12:39 --> 01:12:44 | does? It engineers, liquidity with their relative equal highs, when the real |
| 861 | 01:12:44 --> 01:12:50 | narrative is it's going to drop down here. And if that's the case, and you |
| 862 | 01:12:50 --> 01:12:53 | don't know how to hold for the longer term trades, because the things I'm |
| 863 | 01:12:53 --> 01:12:57 | giving you here today, you it's going to take time for you to grow into that, |
| 864 | 01:12:57 --> 01:13:02 | okay. It's going to take time for you to to get comfortable with it, to fail with |
| 865 | 01:13:02 --> 01:13:06 | it sometimes, and then wrestle with what that feel, what that failure feels like |
| 866 | 01:13:06 --> 01:13:09 | for you, emotionally and psychologically. And you'll see that |
| 867 | 01:13:09 --> 01:13:14 | you're going to do it wrong in the early stages a lot, and every single time you |
| 868 | 01:13:14 --> 01:13:18 | do it wrong, you have to treat those opportunities as an opportunity for you |
| 869 | 01:13:18 --> 01:13:23 | to go in and say, Okay, what didn't I do correctly. And what can I take away from |
| 870 | 01:13:23 --> 01:13:27 | this? Don't look at it as it didn't work. I'm throwing it away, and I'm |
| 871 | 01:13:27 --> 01:13:30 | going to go back to somebody else on here that has some kind of push a button |
| 872 | 01:13:30 --> 01:13:33 | and show me something on my chart, and I'm going to follow that, or let me |
| 873 | 01:13:33 --> 01:13:36 | follow a live streamer and try to copy that. For anybody out there that's |
| 874 | 01:13:36 --> 01:13:44 | trying to copy a live streamer or a signal service guy or gal, to me, that's |
| 875 | 01:13:44 --> 01:13:49 | the epitome of weakness, because what you're saying is is I'm too fucking lazy |
| 876 | 01:13:49 --> 01:13:53 | to learn how to do this on my own, and I'm gonna trust somebody else that |
| 877 | 01:13:53 --> 01:13:57 | doesn't get two shits about me or my money or my welfare with my family |
| 878 | 01:13:57 --> 01:14:04 | nothing, and they're up there for clicks and giggles and ad revenue, or monthly |
| 879 | 01:14:04 --> 01:14:07 | revenue from their signal service or mentorship, that's that's what they care |
| 880 | 01:14:07 --> 01:14:13 | about. That's what they care about. They don't care if you make money. They don't |
| 881 | 01:14:13 --> 01:14:17 | give a shit. But you're going to put your faith in something like that. |
| 882 | 01:14:18 --> 01:14:23 | You're exercising more faith in somebody that doesn't not give two shits about |
| 883 | 01:14:23 --> 01:14:28 | you, versus someone that's doing this for free. And I've made millionaires. |
| 884 | 01:14:29 --> 01:14:33 | I've made millionaires teaching this stuff to them, and they're using it. |
| 885 | 01:14:34 --> 01:14:36 | They've brought receipts forward. |
| 886 | 01:14:38 --> 01:14:42 | It's all over the internet. People are using all this stuff, okay, but you |
| 887 | 01:14:42 --> 01:14:47 | don't want to trust me for whatever reason. I don't know why, but this stuff |
| 888 | 01:14:47 --> 01:14:52 | works, and it can work in your hands and place that faith that you're putting in |
| 889 | 01:14:52 --> 01:14:55 | these jokers out there that are trying to rip your ass off and take money from |
| 890 | 01:14:55 --> 01:15:00 | you, take that same measure of faith and place it in yourself. And your ability |
| 891 | 01:15:00 --> 01:15:06 | to do this, because you can do it, you absolutely can do it. You just gotta let |
| 892 | 01:15:06 --> 01:15:10 | yourself get to that point where you're not letting outside influences mess you |
| 893 | 01:15:10 --> 01:15:14 | up, and don't let the internal voice that you use to defeat yourself with. |
| 894 | 01:15:14 --> 01:15:17 | Don't let that you know hold you down either. You're going to have |
| 895 | 01:15:17 --> 01:15:20 | adversities. You're going to mess it up. You're not going to follow the rules |
| 896 | 01:15:20 --> 01:15:24 | you're going to try to invent something new, and that way you can say, I want |
| 897 | 01:15:24 --> 01:15:28 | not use this. And it helped me make my own model. No, you didn't. You gambled |
| 898 | 01:15:28 --> 01:15:32 | it did something outside the realm of the procedures and processes I've |
| 899 | 01:15:32 --> 01:15:35 | outlined, and then it may have worked for you there. Let's see if it works for |
| 900 | 01:15:35 --> 01:15:39 | three years in a row, and you can put your job on it. Are you willing to bet |
| 901 | 01:15:39 --> 01:15:42 | it that much before you start talking about what you did on social media. |
| 902 | 01:15:42 --> 01:15:47 | Chances are no but you want to have some dopamine hit. Your dopamine hit should |
| 903 | 01:15:47 --> 01:15:50 | come by you following the rules and sticking your ass in front of these |
| 904 | 01:15:50 --> 01:15:55 | charts every single day and following the rules of engagement. That means |
| 905 | 01:15:55 --> 01:16:02 | process, practice proficiency in that order. That's how it happens. It there's |
| 906 | 01:16:02 --> 01:16:08 | no circumvention or navigation around to get to the top of I can now do it |
| 907 | 01:16:08 --> 01:16:12 | because I did it in a shorter time period. Take the time element of how |
| 908 | 01:16:12 --> 01:16:15 | fast you need to get there out of it, because you don't know how long it's |
| 909 | 01:16:15 --> 01:16:19 | going to take you. You might be worrying about it. You might be watching these |
| 910 | 01:16:19 --> 01:16:22 | things, thinking, I don't know if I can do all this. I don't think I can follow |
| 911 | 01:16:22 --> 01:16:27 | the rules. Okay, then you have to really sit yourself down and say, is it ever |
| 912 | 01:16:27 --> 01:16:30 | going to get easier if you don't at least try to adhere to the rules? |
| 913 | 01:16:32 --> 01:16:36 | Because it's never going to get easier if you don't do that. But if you do it, |
| 914 | 01:16:36 --> 01:16:40 | even if you fail initially, the first few weeks, and find no value in it. |
| 915 | 01:16:40 --> 01:16:45 | Right away, you're working towards a baseline, and by journaling that |
| 916 | 01:16:45 --> 01:16:48 | experience, what you'll see over a month, at the end of the month, you |
| 917 | 01:16:48 --> 01:16:51 | start looking back at the charts, you say, Man, I had no idea what this guy |
| 918 | 01:16:51 --> 01:16:55 | was talking about, but now I see this shits working. I don't I can't get into |
| 919 | 01:16:55 --> 01:16:59 | the trade yet, but I can see where price is going. And when people get like that, |
| 920 | 01:17:00 --> 01:17:04 | that's one of the best feelings as a teacher, because they're you're learning |
| 921 | 01:17:05 --> 01:17:11 | the hardest parts of this. That's the hardest part, folks. You think it's the |
| 922 | 01:17:11 --> 01:17:17 | entries and where your stop loss is. That's easy shit. That's easy stuff. I |
| 923 | 01:17:17 --> 01:17:23 | got any one ways to get into that thing, and you only need one. And every single |
| 924 | 01:17:23 --> 01:17:30 | day, every one of my PD arrays are there on one time for another, every 81 of |
| 925 | 01:17:30 --> 01:17:38 | them. There can't be 81 camel. Come on, there's 81 of them. And it's not just me |
| 926 | 01:17:38 --> 01:17:41 | talking about an inversion level. I'm calling it one. It's not the inversion |
| 927 | 01:17:41 --> 01:17:45 | aspect of it is not there we're talking it's technically what double that, if |
| 928 | 01:17:45 --> 01:17:51 | you use it as an inversion, but it's 81 very specific PDA race that I can see in |
| 929 | 01:17:51 --> 01:17:56 | price, and anticipate them being there, and then key off of that. But you only |
| 930 | 01:17:56 --> 01:18:04 | need one, just one, just one, and the patience to wait for it with a |
| 931 | 01:18:04 --> 01:18:12 | narrative, expecting price to draw, draw to that. And if you can anticipate that, |
| 932 | 01:18:12 --> 01:18:14 | you don't need moving averages, you know, trend lines, you don't need you |
| 933 | 01:18:14 --> 01:18:19 | don't need trend analysis. There's no trend analysis in this. I didn't even |
| 934 | 01:18:19 --> 01:18:26 | refer to a daily chart. Notice that we're not even using daily charts. We're |
| 935 | 01:18:26 --> 01:18:34 | just using intraday volatility, time of day, time and price liquidity. But the |
| 936 | 01:18:34 --> 01:18:43 | aspect of narrative, why price should be moving anyway? Why should it move? Why |
| 937 | 01:18:43 --> 01:18:51 | should it that stems from the economic calendar or the lack thereof? Like we |
| 938 | 01:18:51 --> 01:18:56 | had nothing on the morning session. There was no there was no data. So |
| 939 | 01:18:56 --> 01:18:59 | that's why i That's why I scheduled my eye appointment that morning. This |
| 940 | 01:18:59 --> 01:19:05 | morning, I told you I can't be with you because I have an eye appointment. I |
| 941 | 01:19:05 --> 01:19:10 | didn't tell you it was an eye point, but I got eyes checked, and my prescription |
| 942 | 01:19:10 --> 01:19:15 | went up to two, two more steps higher. So that's a little concerning. But long |
| 943 | 01:19:15 --> 01:19:20 | story short, I afforded myself the time away from the charts, not worrying about |
| 944 | 01:19:21 --> 01:19:26 | any of this, knowing that the afternoon has that bond option. Some of my |
| 945 | 01:19:26 --> 01:19:31 | students knew right away by me saying I'm going to do the afternoon. And I |
| 946 | 01:19:31 --> 01:19:35 | told you around 130 today, yesterday, in part two, I told you I would start the |
| 947 | 01:19:35 --> 01:19:40 | live stream. And then I settled in at 145 give myself some time to grab |
| 948 | 01:19:40 --> 01:19:48 | something, and then here I am. That is maturity, that's patience, that's |
| 949 | 01:19:48 --> 01:19:53 | knowing what to wait for and what to look for, and also canceling out an |
| 950 | 01:19:53 --> 01:20:00 | interest where everybody else is going to try to break their ass. You're. Are |
| 951 | 01:20:00 --> 01:20:06 | doing something in the morning session. If you have no data, no reason for them |
| 952 | 01:20:06 --> 01:20:12 | to manipulate price in the morning session, okay, write this stuff down. If |
| 953 | 01:20:12 --> 01:20:17 | there's no data, medium impact or high impact in the morning session, try to |
| 954 | 01:20:17 --> 01:20:22 | trade the afternoon session, because the cleaner price action will be after New |
| 955 | 01:20:22 --> 01:20:28 | York lunch. When does that happen? As early as 130 but starting between 130 |
| 956 | 01:20:28 --> 01:20:33 | and 230 there's usually some kind of a sweet spot that forms in price action |
| 957 | 01:20:33 --> 01:20:36 | where it's just really, really easy to see it, and even if you miss it, you can |
| 958 | 01:20:36 --> 01:20:40 | start using what I taught you yesterday, where you can use a very sub one minute |
| 959 | 01:20:40 --> 01:20:43 | chart and get in sync with the price run that's already unfolding on a higher |
| 960 | 01:20:43 --> 01:20:49 | Time Frame, one minute or five minute chart. Okay, so to answer the question, |
| 961 | 01:20:51 --> 01:20:55 | and if you'll afford me the ability to go forward with the lectures as I |
| 962 | 01:20:55 --> 01:21:00 | intended to do them for my son, I just wanted to address the question of how, |
| 963 | 01:21:02 --> 01:21:07 | how to hold on to a trade longer. How you know how to hold on to trades that |
| 964 | 01:21:07 --> 01:21:10 | are moving in your favor longer? I had a lot of, I don't know what, I don't know |
| 965 | 01:21:10 --> 01:21:16 | what instigated it, but the very first video had a lot of that in it by lots of |
| 966 | 01:21:16 --> 01:21:20 | different YouTube channel commenters like they were really interested in |
| 967 | 01:21:20 --> 01:21:26 | seeing how the hole into trade longer, and truth be told, and I hope Matt |
| 968 | 01:21:28 --> 01:21:31 | doesn't get upset. I can't imagine why he would be upset about it, but at the |
| 969 | 01:21:31 --> 01:21:34 | time, when I was talking to him privately in text messages, I was |
| 970 | 01:21:34 --> 01:21:37 | sharing with him what I thought the level was going to be for the day. And |
| 971 | 01:21:37 --> 01:21:40 | then I would execute and trade, and I would show him my entry, my entry, my |
| 972 | 01:21:40 --> 01:21:43 | stop, and as it was progressing to the trade, then when it would hit this hit |
| 973 | 01:21:43 --> 01:21:47 | the limit order, or stop me out before getting to the ultimate target, |
| 974 | 01:21:47 --> 01:21:54 | whatever, I was trying to encourage him to hold on to a little bit larger price |
| 975 | 01:21:54 --> 01:21:58 | run. I understand he has a model. I told him, said, keep doing that, but try to |
| 976 | 01:21:58 --> 01:22:02 | grow in using some of the things I'm going to show you. And I told him the |
| 977 | 01:22:02 --> 01:22:09 | very first videos I do, and that's not these videos, by the way, Matt, I was |
| 978 | 01:22:09 --> 01:22:14 | going to do three lectures, turtle soup and two other ones. I can't remember the |
| 979 | 01:22:14 --> 01:22:17 | title of my head, but two different subject matters. But one was turtle soup |
| 980 | 01:22:18 --> 01:22:23 | and how to hold on to these trades and how to capitalize on bigger runs in |
| 981 | 01:22:23 --> 01:22:28 | price action and not just do ultra small, small scalping. And he seemed |
| 982 | 01:22:28 --> 01:22:32 | very receptive to it. And he witnessed me doing it like, you know, week after |
| 983 | 01:22:32 --> 01:22:35 | week daily, showing him, you know, this is where it's going to go. He would go |
| 984 | 01:22:35 --> 01:22:42 | there. And I'm hoping that he uses this, if you watch, I don't know if he's |
| 985 | 01:22:42 --> 01:22:49 | watching this stuff, but the the idea of getting into a trade and holding on to |
| 986 | 01:22:49 --> 01:22:54 | it, you have to have something that's going to have a larger down range |
| 987 | 01:22:54 --> 01:23:00 | objective, which means you can't look at something just on A one minute chart and |
| 988 | 01:23:00 --> 01:23:05 | assume that, okay, you know, this is what I'm going to aim. I'm going to aim |
| 989 | 01:23:05 --> 01:23:09 | for this. You have to have some kind of reason to justify the trade moving |
| 990 | 01:23:09 --> 01:23:14 | beyond what a small time frame like one minute is going to afford you in terms |
| 991 | 01:23:14 --> 01:23:21 | of range, how far can it move, and how far can it move that session, but still |
| 992 | 01:23:21 --> 01:23:27 | maybe continue the next trading day or going into the next week. Okay, so just |
| 993 | 01:23:27 --> 01:23:32 | know that I'm going to give you some ideas here, but it's not going to answer |
| 994 | 01:23:32 --> 01:23:37 | everything, because it's a subject matter that can be really taken to |
| 995 | 01:23:37 --> 01:23:42 | extreme. And just keep building, adding clay to it as you go, because what does |
| 996 | 01:23:42 --> 01:23:47 | that mean to ask, how long? Or how to hold a trade longer? Because you can use |
| 997 | 01:23:47 --> 01:23:52 | any of these entry models on a smaller time frame. And let's say you're doing |
| 998 | 01:23:52 --> 01:23:58 | it on a day when it's potentially creating a run that may drop for months. |
| 999 | 01:23:58 --> 01:23:58 | See |
| 1000 | 01:24:01 --> 01:24:07 | how hard it is to answer that question. So I know how I could engage that, but I |
| 1001 | 01:24:07 --> 01:24:12 | also know that my personality doesn't afford me the comfort of sitting in |
| 1002 | 01:24:12 --> 01:24:18 | something that long, because I see 1000s of setups over the span of one month, |
| 1003 | 01:24:18 --> 01:24:25 | and my opinion can change, because I have a very, very hyperactive mindset. |
| 1004 | 01:24:26 --> 01:24:32 | So when I look at price, I can see in one in one hour, I can see half a dozen |
| 1005 | 01:24:32 --> 01:24:36 | trades that may go unnoticed by most people. It doesn't mean they're 50 |
| 1006 | 01:24:36 --> 01:24:41 | handle runs, but I could be buying and selling up and down inside that one hour |
| 1007 | 01:24:41 --> 01:24:46 | time frame and be done and never do anything else for the rest of the day, |
| 1008 | 01:24:46 --> 01:24:50 | or elect to trade on one time frame, you know, waiting for a specific setup to |
| 1009 | 01:24:50 --> 01:24:57 | unfold. So I appreciate and understand the question that the students that are |
| 1010 | 01:24:57 --> 01:25:01 | asking that you know how to hold on to it. So to answer. In a generic way to |
| 1011 | 01:25:01 --> 01:25:06 | kind of like be a blanket response. Before you put on the trade, you have to |
| 1012 | 01:25:06 --> 01:25:09 | have an understanding of where it could potentially trade to, okay, and I'm |
| 1013 | 01:25:09 --> 01:25:14 | assuming that maybe you're aiming for something like 100 handles or more, |
| 1014 | 01:25:14 --> 01:25:18 | something like that. You know that, to me, is a fair assumption on the part of |
| 1015 | 01:25:18 --> 01:25:23 | holding for a longer trade, because most of my stuff teaches around 20 pips, 25 |
| 1016 | 01:25:23 --> 01:25:29 | handles, 5050, handles, something to that effect, but anything greater than |
| 1017 | 01:25:29 --> 01:25:33 | 100 handles on index trading or, I guess maybe even Forex, if you're still |
| 1018 | 01:25:33 --> 01:25:40 | trading it, I think that they're respectable halls in terms of points or |
| 1019 | 01:25:40 --> 01:25:45 | ticks or what have you. If you're looking for that type of trade, then you |
| 1020 | 01:25:45 --> 01:25:51 | have to use your analysis that affords you that type of range. And I've said it |
| 1021 | 01:25:51 --> 01:25:55 | before when I was teaching in other lectures and other lessons on this |
| 1022 | 01:25:55 --> 01:26:01 | YouTube channel and in Twitter spaces, when I was doing them, the the trade has |
| 1023 | 01:26:01 --> 01:26:06 | to give me, for instance, if I want to, if I want to take 10 handles and I feel |
| 1024 | 01:26:06 --> 01:26:10 | confident that I can get 10 handles out of the next price run, I got to look for |
| 1025 | 01:26:10 --> 01:26:15 | something that's going to give me 15 to 20. Well, how do I determine that? Well, |
| 1026 | 01:26:15 --> 01:26:19 | let's give this an example here. If this range is going to anticipate, be |
| 1027 | 01:26:19 --> 01:26:23 | anticipated, that it's going to be sloppy in the morning to don't trust |
| 1028 | 01:26:23 --> 01:26:27 | anything in the morning and wait for the afternoon session. So what does that |
| 1029 | 01:26:27 --> 01:26:33 | mean? I have to wait until at least 130 so at 130 that starts the afternoon |
| 1030 | 01:26:33 --> 01:26:38 | session for me. Now sometimes the moves can begin just a little bit before 130 |
| 1031 | 01:26:39 --> 01:26:43 | and it's not a big deal. I don't care about that, but generally, I like to be |
| 1032 | 01:26:43 --> 01:26:47 | in front of my charts at 130 because even if nothing forms in that next 30 |
| 1033 | 01:26:47 --> 01:26:53 | minutes, going into two o'clock, I know I can get something post two o'clock, |
| 1034 | 01:26:53 --> 01:26:56 | because there's, there's a silver bullet at two o'clock, going in from two |
| 1035 | 01:26:56 --> 01:26:59 | o'clock to three, and if I missed that, or it just doesn't, if I don't get a |
| 1036 | 01:26:59 --> 01:27:03 | good read on it, or just simply doesn't do anything, but goes sideways. Then I'm |
| 1037 | 01:27:03 --> 01:27:08 | going to look at it in the three o'clock hour to to close. And every single day |
| 1038 | 01:27:08 --> 01:27:12 | it's there, but you have to look at it on time frames that will allow you to |
| 1039 | 01:27:12 --> 01:27:19 | see it. And if we're going to use the dynamic that was in play for today, |
| 1040 | 01:27:19 --> 01:27:23 | obviously morning session, avoid it. There's no news. And the only |
| 1041 | 01:27:23 --> 01:27:28 | information that was going to be used as manipulation or to upset or or to |
| 1042 | 01:27:28 --> 01:27:33 | engineer sentiment for traders is that one o'clock hour when they had the bond |
| 1043 | 01:27:33 --> 01:27:38 | auction. So the bond auction at one o'clock, that was my go to. So I was |
| 1044 | 01:27:38 --> 01:27:43 | watching and anticipating, okay, it's going to be a move. So I want to see |
| 1045 | 01:27:43 --> 01:27:51 | something that is going to be used as a fuel. It's going to be fuel for a run |
| 1046 | 01:27:51 --> 01:27:58 | into this down here. But keeping in mind that I'm teaching you, as I taught |
| 1047 | 01:27:58 --> 01:28:05 | yesterday, if you're going to trade outside of just a relative equal low, if |
| 1048 | 01:28:05 --> 01:28:09 | you're bearish, then you can for people that have a better understanding. And |
| 1049 | 01:28:09 --> 01:28:12 | that's not going to be all of you that are watching this. It's going to be |
| 1050 | 01:28:12 --> 01:28:14 | students that have been with me for a while. You got to refer to what the |
| 1051 | 01:28:14 --> 01:28:20 | market had done in the previous session, in in the like the london session, for |
| 1052 | 01:28:20 --> 01:28:25 | instance, well, we have this low here and we have this low here. What does |
| 1053 | 01:28:25 --> 01:28:31 | that make that? What is this right here, relative equal low? Does it meet the |
| 1054 | 01:28:31 --> 01:28:37 | criteria I gave you as a filter, the most right side. In other words, there's |
| 1055 | 01:28:37 --> 01:28:40 | going to be two swing highs or two swing lows, regardless of its relative equal |
| 1056 | 01:28:40 --> 01:28:44 | high or relative equal low, the right one, whatever the one is on the right |
| 1057 | 01:28:44 --> 01:28:49 | hand side, if it's relative equal lows, it has to be higher than the previous |
| 1058 | 01:28:49 --> 01:28:55 | low. Does it do that here? Yes. So the condition is there that this is a high |
| 1059 | 01:28:55 --> 01:29:01 | probability relative equal low for the purpose of drawing to it. Now, here's a |
| 1060 | 01:29:01 --> 01:29:05 | huge paradigm shift for you. Okay, you're going to jump light years ahead |
| 1061 | 01:29:05 --> 01:29:10 | in your understanding the fact that we had the new day opening gap below that, |
| 1062 | 01:29:10 --> 01:29:17 | that is a further like rocket fuel, that this is going to be easy to trade to. |
| 1063 | 01:29:19 --> 01:29:22 | But in the beginning stages, you won't know these types of things, and you |
| 1064 | 01:29:22 --> 01:29:27 | won't have the confidence to hold on to it. So you graduate into doing it by |
| 1065 | 01:29:27 --> 01:29:34 | taking trades. That's just the aim for this. And then you paper trade or not? I |
| 1066 | 01:29:34 --> 01:29:38 | shouldn't say it like that, paper trade, like if I say paper trade, you're going |
| 1067 | 01:29:38 --> 01:29:43 | to say, Okay, so in other words, demo trade. It. No, yes, you can demonstrate |
| 1068 | 01:29:43 --> 01:29:48 | it or tape read it. So in other words, if you're going to get to the point |
| 1069 | 01:29:48 --> 01:29:52 | where you trust it, but you can't hold for a move down here, because you just |
| 1070 | 01:29:52 --> 01:29:56 | can't find it in yourself to do that, because you're watching the profit grow |
| 1071 | 01:29:56 --> 01:29:59 | and grow and grow, and it's probably the biggest trade you've ever had in your |
| 1072 | 01:29:59 --> 01:30:03 | life. And. And now you have anxiety, because you're afraid if you don't take |
| 1073 | 01:30:03 --> 01:30:06 | the trade off while it's at the biggest point of profit, since you put the trade |
| 1074 | 01:30:06 --> 01:30:10 | on it, what happens if it reverses? And you're going to feel bad that you didn't |
| 1075 | 01:30:10 --> 01:30:14 | take out the full 1000 or hundreds of whatever the size is that you're trading |
| 1076 | 01:30:14 --> 01:30:17 | with, then leverage and affording you that that profit, you're going to be |
| 1077 | 01:30:17 --> 01:30:21 | worrying about that instead of watching and seeing is price still behaving in a |
| 1078 | 01:30:21 --> 01:30:26 | manner that supports the idea of reaching to this level. Okay, so number |
| 1079 | 01:30:26 --> 01:30:30 | one, to hold on to trades longer, you have to have something outside of the |
| 1080 | 01:30:30 --> 01:30:36 | normal range that you would trade for. So if you're graduating from 25 3050, |
| 1081 | 01:30:36 --> 01:30:40 | handles, there has to be something that points to price going to something |
| 1082 | 01:30:40 --> 01:30:46 | beyond that. Okay, so if we're looking at that lunch hour, and we know that |
| 1083 | 01:30:46 --> 01:30:51 | there's news coming out at one o'clock because the bond auction me, I'm a |
| 1084 | 01:30:51 --> 01:30:58 | little bit more I don't mind risk. Let's say it that way. Okay, if I do something |
| 1085 | 01:30:58 --> 01:31:02 | wrong, I can go back in and generally fix that problem. Okay, I can, like, |
| 1086 | 01:31:02 --> 01:31:07 | mitigate that. Or when I was doing dominoes, I used to manage the dominoes. |
| 1087 | 01:31:07 --> 01:31:13 | When I was younger, we had a running joke for any new hire that came in. If I |
| 1088 | 01:31:13 --> 01:31:18 | was running out of dough, I would usually take the last dough and put my |
| 1089 | 01:31:18 --> 01:31:21 | hole through it before I slap it out into a pizza. And I would show the new |
| 1090 | 01:31:21 --> 01:31:25 | hire and say, look, go into the freezer and bring me the dough repair kit. And |
| 1091 | 01:31:27 --> 01:31:30 | it's a running joke. Everybody that works there knows it's it's bullshit. |
| 1092 | 01:31:30 --> 01:31:34 | There's no such thing as a dough repair kit. But they'll look at you, nod, and |
| 1093 | 01:31:34 --> 01:31:37 | they'll go into the freezer and look around for something that says, dough |
| 1094 | 01:31:37 --> 01:31:45 | repair kit. There's no dough repair kit. So I say that because you have to treat |
| 1095 | 01:31:45 --> 01:31:50 | your boo boos in trading just like that. If you make a hole in the dough when you |
| 1096 | 01:31:50 --> 01:31:54 | slap out a pizza, just flatten out. Roll it out, and it's fixed. Pinch it. Roll |
| 1097 | 01:31:54 --> 01:31:58 | it out. It's done in trading when you have a loss or if you did a poor |
| 1098 | 01:31:58 --> 01:32:04 | placement, you maybe you took, took the trade a little too quick. You were |
| 1099 | 01:32:04 --> 01:32:08 | trying to anticipate the setup versus waiting for the setup. And you may have |
| 1100 | 01:32:08 --> 01:32:12 | to get out of it and wait for the real set of the form. And you may get a |
| 1101 | 01:32:12 --> 01:32:16 | drawdown. You may get stopped out, and you may need to do something else, you |
| 1102 | 01:32:16 --> 01:32:23 | know, as a later setup Well, the mindset that's needed to do that has to be in |
| 1103 | 01:32:23 --> 01:32:28 | play also, because if you're going to be holding for longer term, price runs the |
| 1104 | 01:32:28 --> 01:32:33 | potential for you to be stopped out prematurely increases exponentially. |
| 1105 | 01:32:34 --> 01:32:37 | Because in the beginning, you don't trust that the market's going to still |
| 1106 | 01:32:37 --> 01:32:42 | work towards this direction. Every little retracement is going to feel like |
| 1107 | 01:32:42 --> 01:32:48 | it's bottomed, because you don't have that experience yet. And when you start |
| 1108 | 01:32:48 --> 01:32:52 | having these new day opening gaps and new week opening gaps, and start waiting |
| 1109 | 01:32:52 --> 01:32:58 | for price to gravitate towards them, that is like a it's like a an exercise |
| 1110 | 01:32:58 --> 01:33:02 | that strengthens your patience, but you can't fast track it. You can't make it |
| 1111 | 01:33:02 --> 01:33:06 | happen faster because you want to be faster, like you just can't download the |
| 1112 | 01:33:06 --> 01:33:09 | experience of saying, Okay, I'm just going to hold for these new week opening |
| 1113 | 01:33:09 --> 01:33:13 | gaps or New Day opening gaps. And I can trust it, because I see these heads up |
| 1114 | 01:33:13 --> 01:33:18 | so, so that's enough. No, you need to see it for weeks and months and then |
| 1115 | 01:33:18 --> 01:33:22 | over time. Oh, yeah, I can see what it's trying to do, and I'm not going to get |
| 1116 | 01:33:22 --> 01:33:26 | tripped up by all these little fluctuations. But with that said, just |
| 1117 | 01:33:26 --> 01:33:29 | know that there's a graduation point that you have to go to which would be |
| 1118 | 01:33:29 --> 01:33:33 | using this area right over here. So that's what I've been teaching you so |
| 1119 | 01:33:33 --> 01:33:36 | far in the first two lessons, that we're looking for these types of things when |
| 1120 | 01:33:36 --> 01:33:40 | the market is likely to go lower. What are we looking for? Caleb, we're looking |
| 1121 | 01:33:40 --> 01:33:45 | for these types of things here, a higher low than the previous one, that are in |
| 1122 | 01:33:45 --> 01:33:50 | close proximity to one another. So this is a target that we use to aim for going |
| 1123 | 01:33:50 --> 01:33:57 | short at a time when the market is going to be used to accelerate around that |
| 1124 | 01:33:57 --> 01:34:04 | bond auction number at one o'clock. So if you look in here, |
| 1125 | 01:34:17 --> 01:34:25 | right here, zoom in a little bit, you can see this is not Market Replay. |
| 1126 | 01:34:30 --> 01:34:40 | All right, here's one of those 81 PD arrays. Okay, the market trades up and |
| 1127 | 01:34:40 --> 01:34:45 | starts to roll over. What time of day it's at? It's 1242, so what are we |
| 1128 | 01:34:45 --> 01:34:51 | approaching? We're fastly approaching. What that one o'clock hour, and the news |
| 1129 | 01:34:51 --> 01:34:55 | is going to be released at one one minute after one. Okay, so basically, |
| 1130 | 01:34:55 --> 01:35:00 | it's at one o'clock. So one o'clock, come on auction. Nine. Is going to be |
| 1131 | 01:35:00 --> 01:35:04 | released at the marketplace, and then everybody does whatever they're going to |
| 1132 | 01:35:04 --> 01:35:10 | do based on that. Okay? So the the understanding is this, that number comes |
| 1133 | 01:35:10 --> 01:35:13 | out, and then traders are going to buy and sell, and the buying and selling |
| 1134 | 01:35:13 --> 01:35:18 | pressure after that market release is done, pushes price around. Bullshit. |
| 1135 | 01:35:18 --> 01:35:22 | What's actually happening is the market's already starting to run lower. |
| 1136 | 01:35:24 --> 01:35:32 | This candle here trades up. I want to see it be sensitive. Let me take this |
| 1137 | 01:35:32 --> 01:35:36 | execution off for a second, and I'll put them back on in a moment. I want to be |
| 1138 | 01:35:36 --> 01:35:41 | able to share the candles, and this should see my way this candlestick |
| 1139 | 01:35:41 --> 01:35:47 | traded up into this gap. Now, if this was a PD array that I wanted to trade |
| 1140 | 01:35:47 --> 01:35:52 | on, that would be my entry, but because I'm trading ahead of this is the stuff |
| 1141 | 01:35:52 --> 01:35:56 | that you write down. Because these are all questions people used to leave on |
| 1142 | 01:35:56 --> 01:35:59 | Twitter to me when I was doing Twitter spaces. These are always in question |
| 1143 | 01:36:00 --> 01:36:03 | form in my comment section, my mentorship students have asked me this |
| 1144 | 01:36:03 --> 01:36:10 | many times in email, in the place where we meet, all those things, it always |
| 1145 | 01:36:10 --> 01:36:21 | comes up, okay, what do I do if I am not going to trade The fair value gap? What |
| 1146 | 01:36:21 --> 01:36:25 | am I looking for ahead of a news driver? Sometimes you'll see me take a trade |
| 1147 | 01:36:25 --> 01:36:30 | before the news or before the opening bell, and I'm recording myself doing it. |
| 1148 | 01:36:30 --> 01:36:36 | And invariably, what will happen is, how did you know it was doing that? How did |
| 1149 | 01:36:36 --> 01:36:40 | you trust that it was going to go that direction? How did you know it wasn't |
| 1150 | 01:36:40 --> 01:36:43 | going to go the other direction, and the assholes will say, Well, if it went the |
| 1151 | 01:36:43 --> 01:36:47 | other way, you never would have showed that. That's their cop out. But I'm |
| 1152 | 01:36:47 --> 01:36:50 | going to give you the logic Joker, so that way you can go start testing it and |
| 1153 | 01:36:50 --> 01:36:53 | back test it and see it, and it's exactly what goes on all the time. Okay, |
| 1154 | 01:36:53 --> 01:36:56 | so if I know at one o'clock, |
| 1155 | 01:37:02 --> 01:37:06 | that's when the news is going to hit for the bond option. Okay, we already |
| 1156 | 01:37:06 --> 01:37:10 | rounded over here, and we had a fair day gap there. The bodies are respecting it, |
| 1157 | 01:37:10 --> 01:37:16 | and we started displaced lower. So just with this alone, looking at the chart |
| 1158 | 01:37:16 --> 01:37:22 | like that, okay, if it's just looking like that in your rudimentary |
| 1159 | 01:37:22 --> 01:37:25 | understanding of what I'm teaching you already know the likelihood that it's |
| 1160 | 01:37:25 --> 01:37:31 | probably going to explore below that low. Why? Because that's where the |
| 1161 | 01:37:31 --> 01:37:35 | liquidity is, and it's been going down all day, and this is the time it stopped |
| 1162 | 01:37:36 --> 01:37:42 | and came all the way back up here and moved lower. So what is it? Remember |
| 1163 | 01:37:42 --> 01:37:49 | what it's gravitating towards down there. Okay, but now you have this short |
| 1164 | 01:37:49 --> 01:37:55 | term low here by itself. That's a reason to be short. You have two factors. You |
| 1165 | 01:37:55 --> 01:37:59 | have that new day opening gap as a larger like black hole, wanting to |
| 1166 | 01:37:59 --> 01:38:04 | eventually pull price to it, then you have this low here where There's very |
| 1167 | 01:38:04 --> 01:38:06 | short term minor |
| 1168 | 01:38:11 --> 01:38:12 | sell side liquidity. |
| 1169 | 01:38:22 --> 01:38:28 | Okay, so there's sell stops below there. Don't be worried or consumed about the |
| 1170 | 01:38:28 --> 01:38:32 | fact that these highs are relatively equal. Don't let that bother you. Why? |
| 1171 | 01:38:32 --> 01:38:41 | Because the market's moving lower and it's pulling to this and even if it |
| 1172 | 01:38:41 --> 01:38:46 | doesn't trade there during the day session, because this is the day session |
| 1173 | 01:38:46 --> 01:38:52 | low gear during the seven o'clock to this point, this is the lowest it traded |
| 1174 | 01:38:52 --> 01:38:56 | to at that time. So there's going to be stops below that. For anyone that try to |
| 1175 | 01:38:56 --> 01:39:00 | chase this going higher, these relative equal highs, they can stay in play. They |
| 1176 | 01:39:00 --> 01:39:04 | don't need to be upset. They don't need to do anything. The market's going to |
| 1177 | 01:39:04 --> 01:39:11 | stay heavy and keep working lower. How do you know that ICT experienced the |
| 1178 | 01:39:11 --> 01:39:18 | fact that this is still likely to happen? And think what's over here in |
| 1179 | 01:39:19 --> 01:39:25 | the London session? That low. |
| 1180 | 01:39:32 --> 01:39:36 | So we have this low, this low and this. So what is that that's three things |
| 1181 | 01:39:37 --> 01:39:43 | that's heavy, factors on wanting to see price, draw to it. There's no entry |
| 1182 | 01:39:43 --> 01:39:48 | pattern there. There's no moving average, no indicator, no bullshit |
| 1183 | 01:39:48 --> 01:39:52 | logic. It's set for its liquidity, and the market is operating on a narrative |
| 1184 | 01:39:52 --> 01:39:57 | that it's going to drop to reach into that liquidity, because if they're going |
| 1185 | 01:39:57 --> 01:40:01 | to spend all this time about these relative. Equal highs during the seven |
| 1186 | 01:40:01 --> 01:40:04 | o'clock hour and eight o'clock hour, and then they do to swing into the nine |
| 1187 | 01:40:04 --> 01:40:11 | o'clock Well, this, this is, this is all being held up there, tripping people up, |
| 1188 | 01:40:11 --> 01:40:18 | chopping people up, grinding them all up. And then finally it breaks. I don't |
| 1189 | 01:40:18 --> 01:40:22 | need to be a part of that, because the economic calendar, just like the TV guy |
| 1190 | 01:40:22 --> 01:40:26 | used to do for me, would tell me when my favorite time in front of the box would |
| 1191 | 01:40:26 --> 01:40:30 | be at nine o'clock on a Friday. Lou Ferrigno would turn green. He's the |
| 1192 | 01:40:30 --> 01:40:34 | incredible Hawk channel 11. I know where I'm going to be at. Well, the time on |
| 1193 | 01:40:34 --> 01:40:39 | the economic calendar says that at one o'clock today we have a bond auction. |
| 1194 | 01:40:39 --> 01:40:42 | That's the only point of interest that I have on their final calendar, and it's a |
| 1195 | 01:40:42 --> 01:40:47 | medium impact driver. It's not high impact. It's but it's medium impact. So |
| 1196 | 01:40:47 --> 01:40:55 | what that means is, is I want to be in the market anticipating this low being |
| 1197 | 01:40:55 --> 01:40:59 | taken out, this low from London, with relative equal lows. Remember, that's |
| 1198 | 01:40:59 --> 01:41:06 | this over here. See that that's going to be taken. And this is the part for those |
| 1199 | 01:41:06 --> 01:41:12 | that if you are not able to hold the trade longer and you don't know how to |
| 1200 | 01:41:12 --> 01:41:18 | get there, this is what you do. You take a partial below here, and you close the |
| 1201 | 01:41:18 --> 01:41:24 | trade here, and then you tape, read the rest of it, and you journal the shit out |
| 1202 | 01:41:24 --> 01:41:28 | of it. You journal every single time you feel an impulsive feeling or emotional |
| 1203 | 01:41:28 --> 01:41:31 | about the idea that maybe if you think it's going to not go down there, that's |
| 1204 | 01:41:31 --> 01:41:37 | when you screenshot it and real quickly make a notation that I have doubts it's |
| 1205 | 01:41:37 --> 01:41:42 | going to drop here. And then what you do is you look at that after the fact and |
| 1206 | 01:41:42 --> 01:41:47 | say, Okay, I didn't see this. So this is the takeaway, and you reinforce it |
| 1207 | 01:41:47 --> 01:41:54 | positively. And by doing that exposure, you desensitize yourself to needing to |
| 1208 | 01:41:54 --> 01:41:58 | be right. And it expands your your comfort from getting into this trade and |
| 1209 | 01:41:58 --> 01:42:02 | getting out maybe that would be the trade, or getting to the trade, and then |
| 1210 | 01:42:02 --> 01:42:07 | getting out below here, and never seeing all this run down here, but it gives you |
| 1211 | 01:42:07 --> 01:42:12 | that little cookie, that little reward that you did something it was sound |
| 1212 | 01:42:12 --> 01:42:17 | logic, but then you use everything past that time that you close the trade as a |
| 1213 | 01:42:17 --> 01:42:23 | real, focused, oriented drill to build your experience and exposure to waiting |
| 1214 | 01:42:23 --> 01:42:28 | for it to pan out. Believe me, it doesn't happen overnight. It's going to |
| 1215 | 01:42:28 --> 01:42:33 | take you a long time to hold on to price runs that just go and go and go and go. |
| 1216 | 01:42:33 --> 01:42:38 | And honestly, you're going to miss a lot of big runs if you want to trade like |
| 1217 | 01:42:38 --> 01:42:43 | that, and if you allow yourself to be beaten up easily, and you'll do it. |
| 1218 | 01:42:43 --> 01:42:46 | Trust me, every trader does it. I should have held longer. I wouldn't. I wish I |
| 1219 | 01:42:46 --> 01:42:49 | would have held on to it more. I wish I wouldn't have took all the partials off. |
| 1220 | 01:42:49 --> 01:42:52 | I wish I would have, you know, held the whole thing that's all toxic thinking. |
| 1221 | 01:42:53 --> 01:42:57 | So when I answer a question like this, that's why it's very long winded, |
| 1222 | 01:42:57 --> 01:43:01 | because as soon as I mention anything about it, there's a series of new |
| 1223 | 01:43:01 --> 01:43:04 | questions that will will come up, and it'll feel like I didn't answer the |
| 1224 | 01:43:04 --> 01:43:09 | question for you, which is why I opened the whole dialog around it with I know |
| 1225 | 01:43:09 --> 01:43:14 | me talking about this isn't going to answer or scratch the itch for for every |
| 1226 | 01:43:14 --> 01:43:20 | one of you, but as a means of growing in the right direction on how to hold onto |
| 1227 | 01:43:20 --> 01:43:24 | a trade longer you do these types of things, and it's already been taught on |
| 1228 | 01:43:24 --> 01:43:26 | the mentorship and it's already on the YouTube channel. It's something I've |
| 1229 | 01:43:26 --> 01:43:30 | talked about multiple, multiple times, but now anyway, we're gonna go back into |
| 1230 | 01:43:30 --> 01:43:32 | this area right here. I gotta zoom in on it. |
| 1231 | 01:43:38 --> 01:43:41 | All right, so I know that this is the time when the markets should start |
| 1232 | 01:43:41 --> 01:43:46 | running, because that's when the bond auction numbers come out. Okay, we're up |
| 1233 | 01:43:46 --> 01:43:49 | here. I know I have a real strong likelihood it's going to at least take |
| 1234 | 01:43:49 --> 01:43:54 | this out and maybe run below here, going into that one o'clock news release. |
| 1235 | 01:43:55 --> 01:43:59 | Well, here's the one o'clock and then the market drops here. What I was |
| 1236 | 01:43:59 --> 01:44:04 | looking at is, I want to see. Does it do this? Does it run up into this fair |
| 1237 | 01:44:04 --> 01:44:09 | value gap there? That's this here, |
| 1238 | 01:44:16 --> 01:44:20 | there's your fair value gap. And what is it doing there? Does it at least touch |
| 1239 | 01:44:20 --> 01:44:25 | the consequent encroachment or midpoint of that gap. Look closely. No, it |
| 1240 | 01:44:25 --> 01:44:29 | doesn't. It gets real close to it, but it doesn't let me see if I can make it a |
| 1241 | 01:44:29 --> 01:44:36 | little bit bigger. See, just fall short of it, the fact that it goes up there |
| 1242 | 01:44:36 --> 01:44:44 | and doesn't touch it, and it closes here. I know. I know that that right |
| 1243 | 01:44:44 --> 01:44:52 | there is a bearish order block I can trade after the next candles come up |
| 1244 | 01:44:52 --> 01:44:57 | into and bump in the bottom of it. I'll trade short there all it's. All it has |
| 1245 | 01:44:57 --> 01:45:01 | to do is move away from it and then come back up into that. I. Can trust this |
| 1246 | 01:45:01 --> 01:45:06 | candle not being overtaken. What's the next candle do? Goes up to it, but |
| 1247 | 01:45:06 --> 01:45:13 | doesn't touch this line, and it doesn't even breach the candles high. Now if, if |
| 1248 | 01:45:14 --> 01:45:17 | it would trade up and touch that midpoint and then did that, I would not |
| 1249 | 01:45:17 --> 01:45:21 | have taken that trade. I would have waited for another attempt to get in |
| 1250 | 01:45:21 --> 01:45:24 | there and work just a little bit about the consequence encroachment. And then |
| 1251 | 01:45:24 --> 01:45:28 | I'll try to go short in this upper part there. That's what I would have done |
| 1252 | 01:45:28 --> 01:45:32 | differently, but because it didn't and couldn't even touch the consequent |
| 1253 | 01:45:32 --> 01:45:38 | encroachment. These are PD arrays, and yes, they're used for very specific and |
| 1254 | 01:45:38 --> 01:45:43 | static levels to enter and exit on but I also use these same price points as a |
| 1255 | 01:45:43 --> 01:45:48 | means of measuring strength and weakness. If this candlestick can't even |
| 1256 | 01:45:48 --> 01:45:52 | touch that but gets close to it, it's signaling. It's a signature. If that's |
| 1257 | 01:45:52 --> 01:45:56 | an algorithmic signature, for someone that knows what they're looking for, |
| 1258 | 01:45:56 --> 01:45:59 | that tells me that when this candle closes, all I need to do is see it move |
| 1259 | 01:45:59 --> 01:46:03 | away and come back up and come back up and touch the bottom of that. And that's |
| 1260 | 01:46:06 --> 01:46:12 | a bear shorter walk. Yes. Now with that logic, I can be short and take a partial |
| 1261 | 01:46:12 --> 01:46:16 | below here, or if I know that, I can trust that it's going to go down below |
| 1262 | 01:46:16 --> 01:46:22 | the London lows, then I'll put a limit order below that, and then I could sit |
| 1263 | 01:46:22 --> 01:46:25 | and explain to my son that I think it may go down to those lows, but I'm |
| 1264 | 01:46:25 --> 01:46:30 | positioned now that if it doesn't need to do it today, it'll probably go down |
| 1265 | 01:46:30 --> 01:46:34 | there in the London session tonight, where to the new day open gap down here. |
| 1266 | 01:46:35 --> 01:46:41 | So with all of that narrative explained to you, let's put the executions back |
| 1267 | 01:46:41 --> 01:46:51 | on. There you go. So now we have the market displaced below the bearish order |
| 1268 | 01:46:51 --> 01:46:59 | block this candle. Here we open and trades up. There you go. It trades up. |
| 1269 | 01:46:59 --> 01:47:05 | Touches. It goes short. There's your love. What's the low that candle? Look |
| 1270 | 01:47:05 --> 01:47:09 | right here. See that candles? See that price? Right there, right above my |
| 1271 | 01:47:09 --> 01:47:15 | cursor, that's the low. What's the low? The candle? 18,003 20 and a quarter. |
| 1272 | 01:47:15 --> 01:47:26 | Okay, the fill. 18,003 21 and a quarter. So as it's bumping into that, I'm |
| 1273 | 01:47:26 --> 01:47:33 | selling short right there, and I want to see it aggressively run below here. It |
| 1274 | 01:47:33 --> 01:47:41 | does go back for a second the fact that we traded up here and we didn't touch |
| 1275 | 01:47:41 --> 01:47:46 | the consequent encroachment of this. I like to see if you're if there's two |
| 1276 | 01:47:46 --> 01:47:51 | fair value guys, because we have here and we have here, you have to at least |
| 1277 | 01:47:52 --> 01:47:57 | anticipate that it may go up into the higher one. But if it fails at the lower |
| 1278 | 01:47:57 --> 01:48:01 | one's consequent encroachment and there's a new driver coming. I have no |
| 1279 | 01:48:01 --> 01:48:07 | problem, no fear of absolutely none of getting into the trade if I did it wrong |
| 1280 | 01:48:07 --> 01:48:11 | and I get stopped out. I've shown executions where I've done this. My |
| 1281 | 01:48:11 --> 01:48:15 | students have seen it. It's on my YouTube channel. It was on Twitter. You |
| 1282 | 01:48:15 --> 01:48:18 | see me get stopped out, and then I go right in there, and I do another entry, |
| 1283 | 01:48:18 --> 01:48:22 | and it pans out, or if I did it wrong, and I know that my direction was off, |
| 1284 | 01:48:23 --> 01:48:27 | and I'm offside, I reversed and did the other direction, and then the partner |
| 1285 | 01:48:27 --> 01:48:31 | just goes the other way. That is going to come by experience. So invariably, if |
| 1286 | 01:48:31 --> 01:48:38 | I, if I address or field the questions that come to me, a lot of these |
| 1287 | 01:48:38 --> 01:48:44 | questions will be answered with your own experience, and it's an unfortunate cop |
| 1288 | 01:48:44 --> 01:48:49 | out sounding response, but that's the truth. You're gonna you're gonna feel |
| 1289 | 01:48:49 --> 01:48:52 | comfortable doing certain things that you aren't going to be comfortable even |
| 1290 | 01:48:52 --> 01:48:58 | imagining dealing at the beginning of your stages of learning. So I wanted to |
| 1291 | 01:48:58 --> 01:49:04 | see this stay open. Okay? I wanted to see it fail to get to that midpoint of |
| 1292 | 01:49:04 --> 01:49:09 | the lower one because it because it failed there. Okay, wonderful. I'm not |
| 1293 | 01:49:09 --> 01:49:11 | worried about it. But go back to what I was saying. If it would have touched the |
| 1294 | 01:49:11 --> 01:49:15 | consequent encroachment and this candle, I would anticipate it trading up into |
| 1295 | 01:49:15 --> 01:49:18 | the higher part of this and then my stop loss would have had to be above the |
| 1296 | 01:49:18 --> 01:49:23 | midpoint of this consequent encroachment. See how this gave you |
| 1297 | 01:49:23 --> 01:49:27 | everything that is logic based. That's these. These are this is your guidance. |
| 1298 | 01:49:27 --> 01:49:33 | These are the things I've already taught. They're in all the discussion |
| 1299 | 01:49:33 --> 01:49:36 | points of everything I've ever taught on this YouTube channel, all these things, |
| 1300 | 01:49:36 --> 01:49:40 | unless I said, my students have never learned that everything else has already |
| 1301 | 01:49:40 --> 01:49:43 | been taught to you, but because you didn't write anything down and you |
| 1302 | 01:49:43 --> 01:49:46 | didn't take notes, and you're just falling asleep to it, because a lot of |
| 1303 | 01:49:46 --> 01:49:49 | people use me as a lullaby, and they just listen to me and go to sleep, which |
| 1304 | 01:49:49 --> 01:49:54 | is fine, you know, whatever. I'm glad I can help you sleep good. But everything |
| 1305 | 01:49:54 --> 01:49:58 | I've taught unless I'm saying to you, this is the first time even my students |
| 1306 | 01:49:59 --> 01:50:02 | learned it. I'm excited. Fact that you'd already have it in your journal, in your |
| 1307 | 01:50:02 --> 01:50:05 | in your points of understanding what these things are expected to tell you. |
| 1308 | 01:50:06 --> 01:50:11 | But anyway, it drops down. And then we have the immediate rebalance. Okay, so |
| 1309 | 01:50:11 --> 01:50:14 | we have the market trading down here. We have big down, closed candle. The market |
| 1310 | 01:50:14 --> 01:50:19 | trades back up. Boom. Bumps into it here, immediate rebalance. And then I |
| 1311 | 01:50:19 --> 01:50:23 | get a little bit of heat here, but that does not take me underwater. This was |
| 1312 | 01:50:23 --> 01:50:29 | only it would still have like, $1,700 in profit, even with here. Why? How can |
| 1313 | 01:50:29 --> 01:50:33 | that be possible if I'm if I'm entering here, look at down here, if I'm entering |
| 1314 | 01:50:33 --> 01:50:39 | short there, why isn't that giving me draw down in the trade negative draw |
| 1315 | 01:50:39 --> 01:50:44 | down, let's say it that way, because the larger trade entry is here. There's six |
| 1316 | 01:50:44 --> 01:50:48 | contracts here, and you see me doing this all the time. This is my model, six |
| 1317 | 01:50:48 --> 01:50:53 | and four, six and four. So six contracts at the higher price, if I'm short, the |
| 1318 | 01:50:53 --> 01:50:57 | secondary affords me, when I'm only doing four contracts, it affords me to |
| 1319 | 01:50:57 --> 01:51:02 | trade above that. That entry, it's forgiving, because it could do what it |
| 1320 | 01:51:02 --> 01:51:07 | can revisit this fair value gap. It can trade inside that, but I don't want to |
| 1321 | 01:51:07 --> 01:51:11 | see it do that, so I had to have a little bit of heat there. But it doesn't |
| 1322 | 01:51:11 --> 01:51:17 | fill it. It just goes up to that level there. And what is it doing there? Is it |
| 1323 | 01:51:17 --> 01:51:20 | touching the consequent encroachment before it makes the swing high here. |
| 1324 | 01:51:21 --> 01:51:25 | Nope. So that, what does that tell me? It signals to me, just sit back and |
| 1325 | 01:51:25 --> 01:51:32 | relax. Don't do anything. Just relax. Move your stop to your first entry, |
| 1326 | 01:51:32 --> 01:51:38 | minus two ticks, and just relax. Just relax. And now we go into one o'clock. |
| 1327 | 01:51:39 --> 01:51:45 | Look what happens at one o'clock, they pump it and then dump it, small, little, |
| 1328 | 01:51:45 --> 01:51:50 | fair Bay. Got right there. All you're doing is you're studying price and |
| 1329 | 01:51:50 --> 01:51:53 | you're seeing every city. Remember I was telling you yesterday, when the |
| 1330 | 01:51:53 --> 01:51:58 | narratives in play and it's going to go lower, or your analysis assuming it will |
| 1331 | 01:51:58 --> 01:52:04 | go lower, you're looking at how the market is treated at every city sells |
| 1332 | 01:52:04 --> 01:52:08 | out efficiency or a fair value gap that has a down close. It's defined by this |
| 1333 | 01:52:08 --> 01:52:12 | candle is low, this candle is high. Even this range is that far down. This is the |
| 1334 | 01:52:12 --> 01:52:16 | only imbalance. So we have a little bit of an overshoot there that's called a |
| 1335 | 01:52:16 --> 01:52:20 | mohawk. It's a coloring outside the lines. I've talked about it yesterday. |
| 1336 | 01:52:20 --> 01:52:24 | It doesn't change anything. It doesn't change it. Did it take out this high? |
| 1337 | 01:52:24 --> 01:52:27 | No, it all this is went outside the boundaries just a little bit. And the |
| 1338 | 01:52:27 --> 01:52:30 | next one gives you peace of mind, because what is it doing? It's stopping |
| 1339 | 01:52:30 --> 01:52:33 | right at the high, the fair value, yeah, what's the high of that candle? You're |
| 1340 | 01:52:33 --> 01:52:36 | going to look right here, upper left hand corner. Look at that value right |
| 1341 | 01:52:36 --> 01:52:44 | there. What's the high of that candle? 18,283.7 18,283.75 what's the low of |
| 1342 | 01:52:44 --> 01:52:55 | this candle here? That's, that's right here. 18,002 83, point 50. It's, it's |
| 1343 | 01:52:55 --> 01:53:01 | not, it's not going outside the realm of what you would expect the price to reach |
| 1344 | 01:53:01 --> 01:53:07 | to and then move away from, is that? Is that proving to you that sellers and |
| 1345 | 01:53:07 --> 01:53:12 | their selling pressure had the ability to stop it like that? It doesn't do it |
| 1346 | 01:53:12 --> 01:53:18 | to me. You'll never convince me of that. You'll never convince me that sellers |
| 1347 | 01:53:18 --> 01:53:22 | and buyers stop every bit of one of these terms in all these PD arrays, |
| 1348 | 01:53:22 --> 01:53:26 | right to the tick or the point or within your shot of it. You're never going to |
| 1349 | 01:53:26 --> 01:53:30 | convince me of that. And even if I didn't believe in an algorithm, I would |
| 1350 | 01:53:30 --> 01:53:36 | think it was something other than that. But thankfully, I don't have to. But the |
| 1351 | 01:53:36 --> 01:53:40 | market trades aggressively after one o'clock after we have a retracement. So |
| 1352 | 01:53:40 --> 01:53:49 | here we have model 2022 here we have optimal trade entry. Easy, isn't it? |
| 1353 | 01:53:50 --> 01:53:56 | It's easy when you have all of the guidance and rules in place and you do |
| 1354 | 01:53:56 --> 01:54:00 | the things that you're taught to do, focusing on the time of day |
| 1355 | 01:54:01 --> 01:54:08 | and anticipating the delivery of price based on factors that call price to it, |
| 1356 | 01:54:09 --> 01:54:13 | new day, opening gaps, new week, opening gaps, relative equal highs, relative |
| 1357 | 01:54:13 --> 01:54:18 | equal lows, and then below that in In terms of importance, you have |
| 1358 | 01:54:19 --> 01:54:25 | inefficiencies. Inefficiencies are subordinate and less important than |
| 1359 | 01:54:26 --> 01:54:30 | relative equal highs relative equal lows or new day or new week opening gaps |
| 1360 | 01:54:30 --> 01:54:36 | because their influence over price, the algorithm will refer and prefer more |
| 1361 | 01:54:36 --> 01:54:39 | infinite, uh, importance and significance placed around them. I'm not |
| 1362 | 01:54:41 --> 01:54:45 | going to tell you the logic behind that, just trust me on that. It'll serve you |
| 1363 | 01:54:45 --> 01:54:47 | well. You don't need to know anything beyond that. When you drive your car, |
| 1364 | 01:54:47 --> 01:54:50 | what do you do? You push the button or turn the key. You don't need to know how |
| 1365 | 01:54:50 --> 01:54:58 | all that stuff works under the hood. Same thing here gaps when they're actual |
| 1366 | 01:54:58 --> 01:55:02 | like new week open and new. Day opening gap, that is absolutely going to be much |
| 1367 | 01:55:02 --> 01:55:07 | more significant, because there's a lack of trades there inefficiencies. I'll say |
| 1368 | 01:55:07 --> 01:55:12 | this much you have one side of the delivery offered to it, meaning that, |
| 1369 | 01:55:12 --> 01:55:16 | for instance, let's go back to this one here. This sell side, imbalanced by side |
| 1370 | 01:55:16 --> 01:55:22 | and efficiency has sell side delivery. Okay? Sell side delivery is always one |
| 1371 | 01:55:22 --> 01:55:28 | sidedness moving lower. Sell side liquidity is what's resting below that |
| 1372 | 01:55:28 --> 01:55:35 | low, the London low, or relative equal lows that this line is here. Remember, |
| 1373 | 01:55:35 --> 01:55:46 | that's this over here, that's these over here. Okay, that is sell side on the |
| 1374 | 01:55:46 --> 01:55:52 | daily range. That's the lowest that's moved for the day overnight, London. So |
| 1375 | 01:55:52 --> 01:55:59 | it's going to want to try to gravitate to that too. That is real orders. That's |
| 1376 | 01:55:59 --> 01:56:04 | not inefficiency, it's there's real pending orders down here. That is the |
| 1377 | 01:56:04 --> 01:56:10 | lifeblood of the marketplace, real buy stops, real sell stops. That is the |
| 1378 | 01:56:10 --> 01:56:17 | heartbeat of what makes these markets go up and down in between, that, okay, in |
| 1379 | 01:56:17 --> 01:56:23 | between that, you have inefficiencies. Inefficiencies. Have one pass through. |
| 1380 | 01:56:23 --> 01:56:27 | So they have delivery. In this case, we have sell side delivery. But what is it |
| 1381 | 01:56:27 --> 01:56:32 | lacking buy side? If I'm bearish, I don't want to see buy side offered. |
| 1382 | 01:56:32 --> 01:56:36 | Because what that, what that's telling me is I don't want to see it trade in |
| 1383 | 01:56:36 --> 01:56:42 | the upper half of this I don't want to see that at all. In fact, I'm enamored |
| 1384 | 01:56:42 --> 01:56:47 | when I see it, not even touch consequent encroachment. I basically get a hard on |
| 1385 | 01:56:47 --> 01:56:51 | from that. I am turned on by that. When I'm in a trade, I get so cocky and |
| 1386 | 01:56:51 --> 01:56:55 | arrogant. You see it in my trades, or I'll annotate it. I do. I very i say |
| 1387 | 01:56:55 --> 01:57:00 | very facetious things, because I see not just this signature, but other things |
| 1388 | 01:57:00 --> 01:57:03 | I'm not going to share with you, and then that pisses you off out you say |
| 1389 | 01:57:03 --> 01:57:05 | you're an asshole. You're not teaching me everything. I'm teaching you more |
| 1390 | 01:57:05 --> 01:57:10 | than anybody else would. And I'm teaching you how to make lots and lots |
| 1391 | 01:57:10 --> 01:57:19 | and lots of success, therefore, money, bread, De Niro, moolah, fun coupons, |
| 1392 | 01:57:19 --> 01:57:25 | right? The fact that we don't touch that consequent culture or midpoint, man, |
| 1393 | 01:57:26 --> 01:57:30 | that tells you what it's really heavy, because otherwise it would be natural |
| 1394 | 01:57:30 --> 01:57:33 | for it to come back up in here, trade there, close it in, and it could still |
| 1395 | 01:57:33 --> 01:57:37 | roll over. I don't like those kind of trades. That's, that's Chris Laurie |
| 1396 | 01:57:37 --> 01:57:41 | stuff. Chris Laurie stuff is, let's fill the void. That's not a void. That's a |
| 1397 | 01:57:41 --> 01:57:45 | sell side delivery. It's imbalanced. It's only sell side. It's inefficient in |
| 1398 | 01:57:45 --> 01:57:51 | its buy side. It's not going to be balanced. If it just trades up there. |
| 1399 | 01:57:52 --> 01:57:57 | That's not balanced. Okay? It needs to go there and then leave it, then it's |
| 1400 | 01:57:57 --> 01:58:01 | balanced. That's a balanced price range. So we're not talking about Chris Laurie |
| 1401 | 01:58:01 --> 01:58:04 | stuff, and you stop leaving those comments in my section. Okay, I need |
| 1402 | 01:58:04 --> 01:58:08 | Chris Laurie a millionaire by pushing lots of people to him, and I'm never |
| 1403 | 01:58:08 --> 01:58:12 | going to rip him again. I've seen emails where he's talked about me two faced out |
| 1404 | 01:58:12 --> 01:58:16 | those both sides of his mouth. He can kiss my ass. So there's there's your |
| 1405 | 01:58:16 --> 01:58:20 | skinny on Chris Laurie. But the point is this, at one o'clock, we have an up |
| 1406 | 01:58:20 --> 01:58:28 | close candle, and it pumps it. What's it doing? One Candle is moving up. So |
| 1407 | 01:58:28 --> 01:58:32 | people that are watching that, and they see this go up, even though it's a one |
| 1408 | 01:58:32 --> 01:58:36 | minute candle. That triggers people that watch one minute candles. Hey, I watch |
| 1409 | 01:58:36 --> 01:58:39 | ICT stuff. I watch people that trade smart money concept, who are watching |
| 1410 | 01:58:39 --> 01:58:43 | one minute charts. One minute charts is the bees needs, baby. You can't, can't |
| 1411 | 01:58:43 --> 01:58:45 | make any money unless you trade in a one minute chart. When they see this, do |
| 1412 | 01:58:45 --> 01:58:48 | that, they're like, oh, there we go. It's making a failure swing. It's going |
| 1413 | 01:58:48 --> 01:58:52 | to go up, and this is probably going to turn into a inversion fair value gap, |
| 1414 | 01:58:52 --> 01:58:55 | and it's probably going to go for those relative equal highs up here they, they, |
| 1415 | 01:58:55 --> 01:59:00 | they chase something so minute and significant, losing the entire plot, |
| 1416 | 01:59:00 --> 01:59:04 | that it's going to run the London lows, and now, as I've taught you today, it's |
| 1417 | 01:59:05 --> 01:59:10 | going to try to gravitate to New Day opening gaps. And the market does, in |
| 1418 | 01:59:10 --> 01:59:13 | fact, trade down below the London lows. And you can see my fill right there. So |
| 1419 | 01:59:13 --> 01:59:20 | my limit orders just below that there. So if you look at the fills, 321, and a |
| 1420 | 01:59:20 --> 01:59:26 | quarter, adding a partial pyramid of entry of four more contracts at 291, and |
| 1421 | 01:59:26 --> 01:59:32 | a quarter, scaling off the entirety of the of the position 10 contracts at |
| 1422 | 01:59:32 --> 01:59:38 | 18,002 1350, so that is over 100 handles with the largest portion there, and that |
| 1423 | 01:59:38 --> 01:59:42 | smokes all your favorite live streamers. Now your response is going to be, but |
| 1424 | 01:59:42 --> 01:59:48 | it's demo. My response is, this is how I teach. If it doesn't work here, it won't |
| 1425 | 01:59:48 --> 01:59:53 | work anywhere else. You're not going to spend my money. I'm not going to trade |
| 1426 | 01:59:53 --> 01:59:56 | with real money in front of you. I'm going to teach you the logic. I'm going |
| 1427 | 01:59:56 --> 02:00:00 | to show you what it's going to do. And I just saw a young man this. Use the stuff |
| 1428 | 02:00:00 --> 02:00:05 | I just taught in this mentorship trader, Chris, okay, I left the comment a little |
| 1429 | 02:00:05 --> 02:00:09 | smiley face because he used what I taught and he had a trade pan out for |
| 1430 | 02:00:09 --> 02:00:14 | him, immediate feedback, immediate success. What is he doing? He's putting |
| 1431 | 02:00:14 --> 02:00:18 | it to task. He's working with the information. If you're going to sit back |
| 1432 | 02:00:18 --> 02:00:21 | and just watch things and look for things to criticize and not really try |
| 1433 | 02:00:21 --> 02:00:24 | to learn it. You're going to be fucking broke the rest of your life. You're |
| 1434 | 02:00:24 --> 02:00:27 | going to be a failed trader. You're going to worship other people on the |
| 1435 | 02:00:27 --> 02:00:29 | internet, hoping that they're going to grease your palm and give you something |
| 1436 | 02:00:29 --> 02:00:33 | special and easy, and it's never going to happen. How do I know that? Because I |
| 1437 | 02:00:33 --> 02:00:39 | spent years and years and years trying to do that. I'm sorry, but I'm the best |
| 1438 | 02:00:39 --> 02:00:43 | fucking thing you're going to get in the trading industry. Best fucking thing, |
| 1439 | 02:00:43 --> 02:00:47 | I'm going to give you gold for free. I'm going to give it to you and keep giving |
| 1440 | 02:00:47 --> 02:00:50 | it to you, and you're going to love me for it. You might curse me. Talk about |
| 1441 | 02:00:50 --> 02:00:53 | me behind my back with your circle of friends, but you're going to come back |
| 1442 | 02:00:53 --> 02:00:56 | and watch my videos. You're going to learn how to make money, and that's all |
| 1443 | 02:00:56 --> 02:01:00 | I care about. I just want to see you do well, because what's about to happen not |
| 1444 | 02:01:00 --> 02:01:04 | just in America, but in every country. We're all going to get the raw stiff |
| 1445 | 02:01:04 --> 02:01:09 | right up the backside, and it's going to get real, real, real hard and real real, |
| 1446 | 02:01:09 --> 02:01:13 | real expensive. And unless you're making more money outside of what you're |
| 1447 | 02:01:13 --> 02:01:17 | earning at your job, and you might even lose your job, you're going to feel pain |
| 1448 | 02:01:17 --> 02:01:22 | and anxiety and stress like you've never felt before. So this helps me. This |
| 1449 | 02:01:22 --> 02:01:26 | helps me feel better about knowing what I know. And I'm not being greedy with |
| 1450 | 02:01:26 --> 02:01:30 | it. I'm not being self centered. I'm not the prick that you think I am. I'm |
| 1451 | 02:01:30 --> 02:01:35 | literally giving you things that nobody else on this fucking planet knows. How |
| 1452 | 02:01:35 --> 02:01:38 | about that? No one else is going to teach this to you. No one else is going |
| 1453 | 02:01:38 --> 02:01:42 | to be able to replicate it. They can't do it. They can't do this, folks. They |
| 1454 | 02:01:42 --> 02:01:47 | can have my logo in their fucking thumbnails. They can't do this. They're |
| 1455 | 02:01:47 --> 02:01:51 | not the fucking author. They're not the person that created it. They didn't |
| 1456 | 02:01:51 --> 02:01:57 | codify it. I am period. I'm not gonna make it any more plainer than it. If you |
| 1457 | 02:01:57 --> 02:02:04 | can't see that, I don't give a shit. Do you want to make more money? Do you want |
| 1458 | 02:02:04 --> 02:02:09 | to do the things in this marketplace and you can constantly trust that these |
| 1459 | 02:02:09 --> 02:02:14 | things will be there every single trading week, they're going to be there. |
| 1460 | 02:02:14 --> 02:02:17 | It's just like having an apple tree in a backyard, and it's right, all you got to |
| 1461 | 02:02:17 --> 02:02:21 | do is walk your ass out there and pluck one off the tree. These setups are there |
| 1462 | 02:02:21 --> 02:02:27 | every single day, and the logic behind them. It takes a little bit of time and |
| 1463 | 02:02:27 --> 02:02:34 | effort to learn it, that's all but it takes effort and Millennial mindset, |
| 1464 | 02:02:34 --> 02:02:39 | Tiktok mentality, the attention span of a fucking net that doesn't get you |
| 1465 | 02:02:39 --> 02:02:47 | anywhere, not in trading, not in life. My own kids tried to do it that way. My |
| 1466 | 02:02:47 --> 02:02:54 | own children, my own flesh and blood, wants it easy, and I'm saying no, if I'm |
| 1467 | 02:02:56 --> 02:03:00 | not going to do it for my own kids, why would you expect me to do it for you? |
| 1468 | 02:03:01 --> 02:03:09 | Because it won't work that way. It doesn't work that way. This stuff is |
| 1469 | 02:03:09 --> 02:03:13 | available to you. It's on my YouTube channel. I'm never going to delete the |
| 1470 | 02:03:13 --> 02:03:16 | channel. I'm never going to delete the videos. I'm never going to charge a |
| 1471 | 02:03:16 --> 02:03:22 | private mentorship where I'm charging money. Why are you finding fault with |
| 1472 | 02:03:22 --> 02:03:25 | this when it works and other people are making money with it, and I'm |
| 1473 | 02:03:25 --> 02:03:31 | continuously teaching it? Why? Because you want to sell your own horse shit, |
| 1474 | 02:03:32 --> 02:03:37 | and you gotta find some measure of importance by spitting on somebody else. |
| 1475 | 02:03:37 --> 02:03:40 | But there ain't never going to be somebody else out signing me here |
| 1476 | 02:03:40 --> 02:03:45 | because I'm making millionaires for fucking free, and you don't have to give |
| 1477 | 02:03:45 --> 02:03:52 | me anything back. Top that one, top that one, can't, you can't do it, and that |
| 1478 | 02:03:52 --> 02:03:55 | makes you mad, because that makes me the fucking hero, and I don't want to be a |
| 1479 | 02:03:55 --> 02:04:00 | hero. I'm an anti guru. I'm doing everything opposite what a guru would |
| 1480 | 02:04:00 --> 02:04:04 | do. I could be making millions of dollars a month all over again selling. |
| 1481 | 02:04:04 --> 02:04:08 | All I gotta do is put a PayPal link up. All I gotta do is do that just like |
| 1482 | 02:04:08 --> 02:04:12 | that. In one fucking night, I'll have hundreds of 1000s of dollars before I |
| 1483 | 02:04:12 --> 02:04:16 | wake up. There'll be a million dollars in that fucking paypal account. It was, |
| 1484 | 02:04:16 --> 02:04:24 | it's just like that. It's literally just like that. But I don't want that. And |
| 1485 | 02:04:24 --> 02:04:28 | when I'm done teaching this, unless another one of my boys want to go |
| 1486 | 02:04:28 --> 02:04:33 | through this again, I'm not teaching stuff on my YouTube channel. I don't |
| 1487 | 02:04:33 --> 02:04:38 | want to make videos. I don't want to do it. I'm just not I don't feel like I |
| 1488 | 02:04:38 --> 02:04:42 | want to do it anymore, but because it's my son, and I want him to hear what I'm |
| 1489 | 02:04:42 --> 02:04:48 | saying, I need him to have the right mindset. And this is dad talking to him. |
| 1490 | 02:04:48 --> 02:04:52 | This is dad chilling his ass out, reminding him that this is not going to |
| 1491 | 02:04:52 --> 02:04:55 | be easy. He's going to have to work his ass off, and there's going to be a lot |
| 1492 | 02:04:55 --> 02:04:58 | of things that he has to write down and test the theory and see it for himself. |
| 1493 | 02:04:58 --> 02:05:02 | And once you see it, you. Can't unsee it. You can't forget it. It's there. |
| 1494 | 02:05:02 --> 02:05:07 | It's ingrained in your idea of how these markets will work, how these markets |
| 1495 | 02:05:07 --> 02:05:12 | will book. And when you see it and you know it, and you can trust it, nobody |
| 1496 | 02:05:12 --> 02:05:15 | can take it from you. They can talk shit about that all they fucking want. They |
| 1497 | 02:05:15 --> 02:05:19 | can do anything they want on internet, chit chat, chit chat, all the bullshit |
| 1498 | 02:05:19 --> 02:05:22 | they want to say they're fucking broke. They're never going to make it in this |
| 1499 | 02:05:22 --> 02:05:26 | fucking industry, and they're trying to climb up on my back because it's strong |
| 1500 | 02:05:26 --> 02:05:30 | as fuck and I can carry all you fucking haters. That's what they're trying to |
| 1501 | 02:05:30 --> 02:05:33 | do, because they're irrelevant and insignificant. And then you have the |
| 1502 | 02:05:33 --> 02:05:37 | classification of people that come to this channel and they watch it, they're |
| 1503 | 02:05:37 --> 02:05:40 | quiet. They don't even leave comments saying thank you. They're just quiet. |
| 1504 | 02:05:40 --> 02:05:44 | They put it to work, and they find out for themselves. Wow, this shit really |
| 1505 | 02:05:44 --> 02:05:48 | works. And then I get my emails, and then I get the comments. I've been |
| 1506 | 02:05:48 --> 02:05:51 | following you for a year. I never left the comment before. I just passed my |
| 1507 | 02:05:51 --> 02:05:54 | funded account. I just got my first payout. Thank you so much. I never |
| 1508 | 02:05:54 --> 02:05:58 | thought this was gonna happen for me. I have 1000s of those every single fucking |
| 1509 | 02:05:58 --> 02:06:06 | month, every single month from every prop firm and every brokerage firm |
| 1510 | 02:06:06 --> 02:06:10 | that's out there, I have students that are doing that. There ain't a mother |
| 1511 | 02:06:10 --> 02:06:13 | fucker out there that's teaching people how to trade that has that much reach. |
| 1512 | 02:06:14 --> 02:06:18 | And guess who's doing it? Me without a price tag, without a fucking give me |
| 1513 | 02:06:18 --> 02:06:24 | some money for it. Who you going to trust? Who you going to trust? Somebody |
| 1514 | 02:06:24 --> 02:06:28 | that's going to say, Here, join my bullshit, pay me money. Who are the guy |
| 1515 | 02:06:28 --> 02:06:32 | that just simply just does it and makes other people money off of it? I don't |
| 1516 | 02:06:33 --> 02:06:35 | get nothing for it. I don't get no kickbacks. I don't have no affiliate |
| 1517 | 02:06:35 --> 02:06:40 | links. What's in it for me? Oh, but you make ad revenue only until I'm done, and |
| 1518 | 02:06:40 --> 02:06:48 | then I'm stopping that channel. Was only paying me $30,000 a month. $30,000 a |
| 1519 | 02:06:48 --> 02:06:54 | month. Dude, seriously. Get out of here. I was making millions of fucking dollars |
| 1520 | 02:06:54 --> 02:06:59 | without even doing anything, without doing shit. What's $30,000 it's nothing. |
| 1521 | 02:07:00 --> 02:07:05 | It's literally nothing. I P $30,000 just in the last month, just for landscaping |
| 1522 | 02:07:05 --> 02:07:10 | stuff. Yeah, how about that? You want to have a fucking big house, and with the |
| 1523 | 02:07:10 --> 02:07:17 | big lawn, it costs money, $60,000 for two air conditioners and furnaces to be |
| 1524 | 02:07:17 --> 02:07:20 | put in upstairs and downstairs. In your house, you won't have a big house. It |
| 1525 | 02:07:20 --> 02:07:26 | costs money. You think YouTube's gonna pay for that? It ain't, it ain't enough. |
| 1526 | 02:07:26 --> 02:07:30 | And I just don't have the energy to sit here and put videos out here and videos |
| 1527 | 02:07:30 --> 02:07:33 | out here. And I just don't have it. There's too many things going on in the |
| 1528 | 02:07:33 --> 02:07:37 | world, and I have to make sure my household and my family are ready. But |
| 1529 | 02:07:37 --> 02:07:41 | the only thing that's gonna draw my ass back out here to do this is what my son, |
| 1530 | 02:07:41 --> 02:07:45 | Caleb, just asked me to do teach him. And I would not be putting videos up |
| 1531 | 02:07:45 --> 02:07:51 | here unless he said he wanted to do he wanted to document everything. He liked |
| 1532 | 02:07:51 --> 02:07:55 | the idea of the ad revenue helping him along, and he's trying to make a way of |
| 1533 | 02:07:55 --> 02:07:59 | doing it. And if he gets that, it carries him through. That's what that |
| 1534 | 02:07:59 --> 02:08:04 | means. He's got a secondary income, plus his job that keeps him from doing what |
| 1535 | 02:08:04 --> 02:08:08 | gambling and pushing the trade when he doesn't have to, which is what most |
| 1536 | 02:08:08 --> 02:08:11 | people do when they're trying to learn how to trade with real money. And that's |
| 1537 | 02:08:11 --> 02:08:15 | why, when you're learning with real money, that's the worst thing to do, |
| 1538 | 02:08:15 --> 02:08:19 | because you're going to have all the worst toxic thinking right before you |
| 1539 | 02:08:19 --> 02:08:22 | push the button. And that's why it's not good to do that. You see this right |
| 1540 | 02:08:22 --> 02:08:29 | here, right down here. It says demo. See that demo? Paper trading. Okay, paper |
| 1541 | 02:08:29 --> 02:08:32 | trading. That's your best fucking friend when you're first learning how to do |
| 1542 | 02:08:32 --> 02:08:38 | this, because no one can grade you, no one can ridicule you, and you don't pay |
| 1543 | 02:08:38 --> 02:08:43 | taxes on it, you don't have to worry about a real life loss. So what does it |
| 1544 | 02:08:43 --> 02:08:48 | give you the freedom to do, to focus on what price is doing, and that's the only |
| 1545 | 02:08:48 --> 02:08:52 | thing you need to worry about. But when you try to do everything else that |
| 1546 | 02:08:52 --> 02:08:56 | everybody else is teaching you to do, try to combine, try to get a funded |
| 1547 | 02:08:56 --> 02:09:01 | account trade with a little bit of real money, you have so many more things to |
| 1548 | 02:09:01 --> 02:09:05 | worry about that are going to distract you, and versus watching what price is |
| 1549 | 02:09:05 --> 02:09:10 | doing, you have to look at it and measure as prices want. You know, |
| 1550 | 02:09:10 --> 02:09:15 | fluctuating. Go up and down. When you're up 500 bucks, then you're down 200 |
| 1551 | 02:09:15 --> 02:09:18 | bucks, and that's normal. Then all sudden, it starts running, and you're up |
| 1552 | 02:09:18 --> 02:09:22 | $1,500 in a trade. And that $1,500 it's going to feel like you want to get out |
| 1553 | 02:09:22 --> 02:09:25 | of it. You get out of it, but is there a reason for you to get out, except for |
| 1554 | 02:09:25 --> 02:09:29 | you just never made that much money before in a trade? Well, if that's the |
| 1555 | 02:09:29 --> 02:09:33 | answer, then you don't close the fucking trade. You hold on to it. What did you |
| 1556 | 02:09:33 --> 02:09:38 | put the trade on for? Oh, it's I got 40 more points, 40 more handles for the |
| 1557 | 02:09:38 --> 02:09:42 | trade. That's if we were talking. That's how I asked you. Okay, why are you antsy |
| 1558 | 02:09:42 --> 02:09:44 | right now? Why are you hyperventilating? Why are you getting up out of your |
| 1559 | 02:09:44 --> 02:09:47 | chair, pacing around? Why are you rubbing your arms? Oh, you know, I'm |
| 1560 | 02:09:47 --> 02:09:50 | nervous. I'm hyperventilating. I'm scared because I'm afraid it's going to |
| 1561 | 02:09:50 --> 02:09:55 | turn into a losing trade. Why? Because you think that this stuff doesn't work |
| 1562 | 02:09:55 --> 02:09:57 | because you didn't practice it enough, you didn't see it in demo, you didn't |
| 1563 | 02:09:57 --> 02:10:02 | tape read it enough to trust that these things. Repeat every single week, when I |
| 1564 | 02:10:02 --> 02:10:05 | came out with that slogan every week, every day, and it won't stop, that |
| 1565 | 02:10:05 --> 02:10:10 | wasn't just some fucking jingle. That's the real, that's the reality, every |
| 1566 | 02:10:10 --> 02:10:14 | single week, every single day, and it's never, ever, ever going to stop. As long |
| 1567 | 02:10:14 --> 02:10:19 | as these markets are there, you're never going to be short of opportunities to |
| 1568 | 02:10:19 --> 02:10:24 | use this information that should give you a fucking raging hard on, like you |
| 1569 | 02:10:24 --> 02:10:31 | should be walking around with perpetual Viagra, like you should not be worrying |
| 1570 | 02:10:31 --> 02:10:34 | about those types of things, but that is the clearest indication that you're |
| 1571 | 02:10:34 --> 02:10:42 | brand new or you don't tape read, because if you do that, those questions |
| 1572 | 02:10:42 --> 02:10:47 | never come up, those concerns never come up. You just don't see it because you |
| 1573 | 02:10:47 --> 02:10:53 | haven't looked for it, and because you study and you see it, and it been |
| 1574 | 02:10:53 --> 02:10:56 | journaled and you log it, you have experience after experience to lean on |
| 1575 | 02:10:56 --> 02:11:01 | say, You know what. This has been panning out like he said it was going to |
| 1576 | 02:11:01 --> 02:11:05 | and in one day, it's going to fail in your hands, and you're going to need to |
| 1577 | 02:11:05 --> 02:11:08 | see how many times it's worked before. And that's going to be your crutch, |
| 1578 | 02:11:09 --> 02:11:14 | that's your counselor, that's your that's your remedy for stress and doubt |
| 1579 | 02:11:14 --> 02:11:19 | and fear. Because when you go back, say, Yeah, but look at all this. I mean, it |
| 1580 | 02:11:19 --> 02:11:22 | did it this day. I thought I was going to do that. It did this day here. I did |
| 1581 | 02:11:22 --> 02:11:27 | this. You got months, in years of looking at that and seeing how many |
| 1582 | 02:11:27 --> 02:11:34 | times it works. So when it does fail in your hands, you did it wrong. I do it |
| 1583 | 02:11:34 --> 02:11:40 | wrong. When I lose, there's nobody's fault in it, but mine. It's mine. I did |
| 1584 | 02:11:40 --> 02:11:46 | it. I did it wrong. I'm the operator. I messed it up. Guess what that does? It |
| 1585 | 02:11:46 --> 02:11:52 | immediately allows you to let that loss go. But if you take that loss and you |
| 1586 | 02:11:52 --> 02:11:55 | put it in other people's hands so they can criticize it, guess what that means? |
| 1587 | 02:11:55 --> 02:12:00 | Now you made it into a discussion. It's a conversation piece. Now you're asking |
| 1588 | 02:12:00 --> 02:12:03 | other people that you really don't give two shits about, but you just want them |
| 1589 | 02:12:03 --> 02:12:06 | to pat you on the back. When you do it right, you're doing everything wrong. |
| 1590 | 02:12:07 --> 02:12:12 | You have to filter that stuff out. Even when you're successful. You don't go out |
| 1591 | 02:12:12 --> 02:12:16 | there and say, Hey, look at all this money I made today. Because you can't |
| 1592 | 02:12:16 --> 02:12:19 | believe it. This happened to you. If it's in your bank account, trust me, |
| 1593 | 02:12:19 --> 02:12:23 | it's fucking real. Go buy something you don't need to go on the internet and |
| 1594 | 02:12:23 --> 02:12:26 | say, This is how much money I made. Here's the proof of it, here's the proof |
| 1595 | 02:12:26 --> 02:12:30 | of the payout. Here's my certificate. Fuck that. That's a little dick energy |
| 1596 | 02:12:30 --> 02:12:38 | perspective that literally is what weak minded boys do. A man that is |
| 1597 | 02:12:38 --> 02:12:43 | understanding what he's doing, a man of principle does not need to do those |
| 1598 | 02:12:43 --> 02:12:48 | things. The fact that he was able to harvest that money, bring it home for |
| 1599 | 02:12:48 --> 02:12:53 | his family, and afford himself and his family whatever they need, that that's |
| 1600 | 02:12:53 --> 02:12:58 | the reward, the peace of mind, knowing it, that's what you can do again. Next |
| 1601 | 02:12:58 --> 02:13:02 | month, I can do that again. Next month I could do that again next month, it ain't |
| 1602 | 02:13:02 --> 02:13:05 | going to change. This is the same shit. It's redundant over and over and over |
| 1603 | 02:13:06 --> 02:13:11 | again. That's what back testing. That's what tape reading and demoing provides |
| 1604 | 02:13:11 --> 02:13:17 | for you. And because you desensitize yourself from being right or wrong, |
| 1605 | 02:13:17 --> 02:13:21 | having to make money. So you have to make money. If you start with a live |
| 1606 | 02:13:22 --> 02:13:27 | account, you have to or you'll have to refund it. You'll have to put more money |
| 1607 | 02:13:27 --> 02:13:27 | in it. |
| 1608 | 02:13:30 --> 02:13:33 | You're increasing the likelihood and odds of you having to do that. If you |
| 1609 | 02:13:33 --> 02:13:37 | skip over everything I've talked about so far and what I've already taught many |
| 1610 | 02:13:37 --> 02:13:41 | times before, but many of you want to just skip over it like it's somehow |
| 1611 | 02:13:41 --> 02:13:45 | going to be easier for you, and you don't realize that the lessons you get |
| 1612 | 02:13:45 --> 02:13:50 | in that stage are the very things that carry you through long term, profitable, |
| 1613 | 02:13:50 --> 02:13:55 | real money trading. What experience do you lean on if you're not having this |
| 1614 | 02:13:56 --> 02:14:05 | hope and a prayer, emotion, dopamine, come on. You have nothing to lean on. |
| 1615 | 02:14:06 --> 02:14:10 | You're gambling. That's what that is. But when you can look at the marketplace |
| 1616 | 02:14:10 --> 02:14:14 | and strip it down to its Chrome and say, Okay, this is when the market's going to |
| 1617 | 02:14:14 --> 02:14:18 | move when? Well, at seven o'clock we can start looking for signatures. It's going |
| 1618 | 02:14:18 --> 02:14:23 | to do something. At eight o'clock, we start looking for signatures and see if |
| 1619 | 02:14:23 --> 02:14:26 | it's going to do something relative equal highs, relative equal loads, if it |
| 1620 | 02:14:26 --> 02:14:29 | forms relative equal lows, and you've already determined as a new day opening |
| 1621 | 02:14:29 --> 02:14:34 | gap, or a cluster of them, and maybe a new week opening gap, same thing below |
| 1622 | 02:14:34 --> 02:14:37 | the marketplace, wherever it's trading at when we start watching price, think |
| 1623 | 02:14:37 --> 02:14:43 | of it like a kill zone. You have all of these things behind the scene that |
| 1624 | 02:14:43 --> 02:14:47 | retail traders have no understanding of, and they're getting their asses handed |
| 1625 | 02:14:47 --> 02:14:50 | to them, and without any understanding of why it's happening, they're losing |
| 1626 | 02:14:50 --> 02:14:55 | and losing and losing, and you're on the winning side, and you're not worrying |
| 1627 | 02:14:55 --> 02:14:59 | about it not working in the future, because this is what the markets do. |
| 1628 | 02:14:59 --> 02:15:07 | You. When you go out to your car and you turn the key or push the button, do you |
| 1629 | 02:15:07 --> 02:15:11 | expect fucking confetti to fall from the fucking roof? You expect that shit to |
| 1630 | 02:15:11 --> 02:15:15 | happen? Because I never expected that to happen. Okay? I expect the car to turn |
| 1631 | 02:15:15 --> 02:15:22 | over and it starts up, done. That's the That's a reasonable expectation. That's |
| 1632 | 02:15:22 --> 02:15:28 | what it's supposed to do. When you look at these markets with this perspective, |
| 1633 | 02:15:28 --> 02:15:34 | we're not looking in here thinking, well, ICP said he had 81 of these PD |
| 1634 | 02:15:34 --> 02:15:39 | arrays, which one's hiding from me today. What the hell? Why is he not |
| 1635 | 02:15:39 --> 02:15:42 | trying to teach all that? Why are you thinking that? How about looking for the |
| 1636 | 02:15:42 --> 02:15:47 | ones I've taught? Because they're there every day. On any given time frame, |
| 1637 | 02:15:47 --> 02:15:53 | you're going to find a plethora of everything I taught. But your your task? |
| 1638 | 02:15:53 --> 02:15:56 | And I'm saying this, and I'm closing, because I've already, I already went way |
| 1639 | 02:15:56 --> 02:16:03 | over. Is it going to be a brief one? I told you your task is to study price |
| 1640 | 02:16:03 --> 02:16:08 | action by back, testing, journaling old data and then picking out in hindsight, |
| 1641 | 02:16:08 --> 02:16:14 | where price did certain things. Okay, the next stage is for you to tape, read, |
| 1642 | 02:16:14 --> 02:16:20 | watching real price action. So Caleb's got to watch nothing live this month, |
| 1643 | 02:16:21 --> 02:16:27 | he's got to go through old data and collect it and show me what he sees in |
| 1644 | 02:16:27 --> 02:16:32 | price, what it did, and what that will do is it gives him a foundation of |
| 1645 | 02:16:33 --> 02:16:39 | identifying baseline price action, what it genuinely And generically will do. |
| 1646 | 02:16:40 --> 02:16:45 | The following month, he will expect, I will expect him to watch price live when |
| 1647 | 02:16:45 --> 02:16:48 | we're doing the live streams. And I'm going to point out things before it |
| 1648 | 02:16:48 --> 02:16:51 | happens and tell you, this is what you're looking for. This is what price |
| 1649 | 02:16:51 --> 02:16:55 | should do. We don't want to see price do this, and then we do that for a full |
| 1650 | 02:16:55 --> 02:17:01 | four weeks after that month three, I will be talking about pushing the button |
| 1651 | 02:17:01 --> 02:17:05 | and getting in and getting over the fear of getting into trades, because that's a |
| 1652 | 02:17:05 --> 02:17:09 | skill set that you have to have. So many people are fear. I was scared. When I |
| 1653 | 02:17:09 --> 02:17:14 | first started trading, I was scared to death. I was scared and I just started |
| 1654 | 02:17:14 --> 02:17:19 | doing entries just I just did it because I need to get over it. I was afraid as |
| 1655 | 02:17:19 --> 02:17:22 | soon as I put in the trade. It was going to do what orange juice option did to |
| 1656 | 02:17:22 --> 02:17:27 | me. Took half my money one night. So I had to, I had to coach myself through |
| 1657 | 02:17:27 --> 02:17:31 | doing lots of executions. And I got that idea from Larry Williams. He |
| 1658 | 02:17:32 --> 02:17:37 | desensitized himself by trading, just taking trades, and just didn't care, |
| 1659 | 02:17:37 --> 02:17:43 | just in. And I ended up doing that same thing, so, but I had to develop things |
| 1660 | 02:17:43 --> 02:17:49 | to get in on the trades, and over years of doing it, I I was fearful that I was |
| 1661 | 02:17:49 --> 02:17:53 | going to pick the wrong entry. So I understand that what you're trying to do |
| 1662 | 02:17:53 --> 02:17:55 | is you're trying to avoid the losing trade, and you want the perfect |
| 1663 | 02:17:55 --> 02:17:59 | precision entry with no drawdown. It'll never even, ever even imagine coming |
| 1664 | 02:17:59 --> 02:18:03 | close to your stop loss, and everything's gonna be good and easy, and |
| 1665 | 02:18:03 --> 02:18:07 | that's what I was trying to do. That's why I have 81 entry mechanisms. And |
| 1666 | 02:18:07 --> 02:18:12 | believe me, it's not bullshit. I have 81 ways to get into some kind of a fucking |
| 1667 | 02:18:12 --> 02:18:16 | trade. I will get into it. I'm like a fucking burglar, okay? I can break into |
| 1668 | 02:18:16 --> 02:18:22 | any one of these fucking trades and rob their ass. I can do it. But not all of |
| 1669 | 02:18:22 --> 02:18:28 | them are equal in its its ability to take as much out it's available. The |
| 1670 | 02:18:28 --> 02:18:32 | higher up on the spectrum of that price run, whether it be premium or |
| 1671 | 02:18:32 --> 02:18:38 | equilibrium, it will determine how much you can yield from it. But I can be in |
| 1672 | 02:18:38 --> 02:18:42 | there, which is why, when I pyramid and I build larger positions, all of that's |
| 1673 | 02:18:42 --> 02:18:47 | done with having a greater understanding that came from me doing this for years, |
| 1674 | 02:18:48 --> 02:18:51 | seeing it these, these candlesticks, are not doing anything different than they |
| 1675 | 02:18:51 --> 02:18:59 | did when they were doing it in 1992 think about that. Price is not doing |
| 1676 | 02:18:59 --> 02:19:05 | anything differently today than it did before I was born, and I'll be 52 |
| 1677 | 02:19:05 --> 02:19:15 | tomorrow. 52 and these markets, I have charts that are predated my birth, and |
| 1678 | 02:19:15 --> 02:19:22 | they still do the same stuff. They do the same stuff. The only difference is |
| 1679 | 02:19:22 --> 02:19:27 | it's much more cleaner to see and identify, because we have 24 hour |
| 1680 | 02:19:27 --> 02:19:32 | markets. Well, 23 hour markets because the indices stopped trading for an hour. |
| 1681 | 02:19:34 --> 02:19:39 | But it's it's become very clean, which makes it easier, and if they ever take |
| 1682 | 02:19:39 --> 02:19:43 | away the new week opening gap, I'm sorry, the new day opening gap, like, |
| 1683 | 02:19:43 --> 02:19:46 | say, say, they take it away and say, Okay, it's gonna be 24 hours trading. |
| 1684 | 02:19:46 --> 02:19:51 | Who gives a shit? I don't need that, because we have new week opening gaps, |
| 1685 | 02:19:51 --> 02:19:54 | and we have relative equal highs and relative equal lows. Like, you're |
| 1686 | 02:19:54 --> 02:19:59 | worried about things, that's going to be no problem at all. So while you have |
| 1687 | 02:19:59 --> 02:20:05 | these. Advantages. Why aren't you using them all the time and energy you're |
| 1688 | 02:20:05 --> 02:20:09 | spending worrying about is going to stop working? You know, they said that same |
| 1689 | 02:20:09 --> 02:20:12 | stuff when I was on baby pips. Oh, this is going to stop working because he's |
| 1690 | 02:20:12 --> 02:20:19 | teaching it. If you believe that, how many years has it been? 14 years? So |
| 1691 | 02:20:20 --> 02:20:23 | you're going to wait around 14 years to see if you're right about it going to |
| 1692 | 02:20:23 --> 02:20:26 | stop working, instead of using it and making money and better in your life and |
| 1693 | 02:20:26 --> 02:20:32 | your family and preparing yourself for what's coming. Look around folks on |
| 1694 | 02:20:32 --> 02:20:36 | Twitter, I said all kinds of stuff was going to be mad house. We're in it now. |
| 1695 | 02:20:37 --> 02:20:44 | Look what's going on over UK. Look at Bangladesh. What's going to happen in |
| 1696 | 02:20:44 --> 02:20:50 | the Middle East here soon, and all that stuff is going to be in all of our lives |
| 1697 | 02:20:50 --> 02:20:59 | and worse. And in November, we'll see what we get here in the States. There's |
| 1698 | 02:20:59 --> 02:21:05 | a lot of stuff coming, folks, and it's not meant to rush you. It's not meant to |
| 1699 | 02:21:05 --> 02:21:12 | panic you. But you know, I'm doing what I can. There's too many of you to dull |
| 1700 | 02:21:12 --> 02:21:16 | that money to you that doesn't fix anything. So if I can teach you how to |
| 1701 | 02:21:16 --> 02:21:20 | fish and give you a peace of mind knowing that you know, even if you make |
| 1702 | 02:21:20 --> 02:21:25 | your your groceries every year, every month, you know what you spend on food, |
| 1703 | 02:21:27 --> 02:21:34 | that's a blessing. That is a blessing. And my hope is that you'll do well with |
| 1704 | 02:21:34 --> 02:21:37 | this, and you can help somebody else that can't do it, if they can't meet |
| 1705 | 02:21:37 --> 02:21:42 | their bills, and you just help them. If I can give that, that mindset to all of |
| 1706 | 02:21:42 --> 02:21:50 | you, and just 10% of you do that, man, what a what a blessing that is. That |
| 1707 | 02:21:50 --> 02:21:57 | really gives what I'm doing here a deeper sense of of value. You think that |
| 1708 | 02:21:57 --> 02:22:01 | it's just you that needs to make the money. I'm hoping to change the way you |
| 1709 | 02:22:01 --> 02:22:06 | think about money, I want you to think of it as a tool that, yeah, you can make |
| 1710 | 02:22:06 --> 02:22:10 | it. You can make more of it, anytime you want. But do you having it in the bank |
| 1711 | 02:22:10 --> 02:22:17 | or leasing Lamborghinis and McLarens, all that bullshit that that is trash, |
| 1712 | 02:22:17 --> 02:22:22 | all that stuff, nobody cares about it. After a while nobody cares about and |
| 1713 | 02:22:22 --> 02:22:25 | then it makes it feel worse, because you have it still, and nobody cares about |
| 1714 | 02:22:25 --> 02:22:29 | it. But when you help somebody else, and you give somebody a helping hand with, |
| 1715 | 02:22:29 --> 02:22:33 | hey, look, you know, I can see these, these people, they can't make their |
| 1716 | 02:22:33 --> 02:22:36 | their rent, they can't they can't feed their family, or they may lose their |
| 1717 | 02:22:36 --> 02:22:40 | job, maybe make redundant. The economy is getting ready, you know, tear |
| 1718 | 02:22:40 --> 02:22:44 | everybody up. And just because we have millions of dollars in the upper |
| 1719 | 02:22:44 --> 02:22:49 | percentage of everyone, you know, like myself, I'm in the upper class |
| 1720 | 02:22:49 --> 02:22:55 | classification of an individual. I'm not poor, but I'm going to feel it just like |
| 1721 | 02:22:55 --> 02:22:57 | everybody else will. I have to spend. |