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4
5 == Outline ==
6
7 ##02:02 -## The birthday of ICT, including its actual birth date and a message to the audience.
8
9 - ICT celebrates their birthday on August 8, 1969.
10
11 ##02:41 -## Live stream disruptions and audio quality.
12
13 - ICT went off on a rant during a live stream, expressing frustration with interruptions and technical issues.
14 - ICT's personal, private students confirmed they could hear him loud and clear, despite technical difficulties.
15
16 ##05:16 -## Economic calendar and market analysis.
17
18 - ICT discusses trading strategies and discloses his approach to analyzing market data without being influenced by monetary interests.
19 - ICT explains how to use Trading View and highlights the importance of labeling chart markers.
20 - The speaker is waiting for a medium high impact news event at 830, despite lacking high or medium impact news in the morning session.
21 - The speaker believes the market will still be volatile at 830 due to the absence of news, making it more probable for price runs to occur.
22
23 ##12:12 -## Using Fibonacci levels to analyze stock market gaps.
24
25 - ICT suggests waiting to buy or sell based on market reaction to new week opening gaps.
26 - ICT explains how to use Fibonacci levels to identify potential trading opportunities.
27
28 ##15:41 -## Identifying market trends and using Fibonacci levels for trading.
29
30 - ICT outlines Fibonacci settings for monitoring opening gaps, including 0.75 and 0.25 levels.
31 - ICT emphasizes the importance of only commenting on their YouTube channel or in direct messages, and being respectful of their time and opinions.
32 - The speaker discusses the importance of identifying areas of support and resistance in the market, using the New Day opening gap as a key indicator.
33 - The speaker emphasizes the role of buying pressure in turning the market, citing a Reddit thread as an example of collective buying pressure.
34
35 ##21:59 -## Trading strategies and market inefficiencies.
36
37 - Trader identifies potential trading opportunities based on market structure and time of day.
38 - ICT argues that traditional support and resistance concepts are too narrow and can lead to losses.
39
40 ##25:47 -## Identifying price direction using gaps and reference points.
41
42 - ICT emphasizes the importance of identifying reference points in price action.
43 - ICT explains how to anticipate market direction by analyzing price and time references.
44 - ICT emphasizes the importance of testing trading strategies personally to build trust and confidence.
45 - The speaker identifies a potential inversion fair value gap in the chart, which could indicate a potential direction for price movement.
46 - The speaker highlights the importance of identifying breakers and fair value gaps in technical analysis, and how they can help predict price movement.
47
48 ##33:00 -## Technical analysis and market movement.
49
50 - ICT explains how to identify fair value in the market by looking for specific signatures and evidences.
51 - ICT demonstrates how to use these signatures to determine the direction of the market and make trades.
52
53 ##35:52 -## Trading strategies and market analysis.
54
55 - ICT: Disputes opening gap, trades at high, then displaces lower (risky trading).
56 - Unknown Speaker: Seeks lower charts to maximize potential trading opportunities (15-second chart shown).
57 - ICT identifies a potential trading opportunity based on a balance between supply and demand.
58
59 ##41:42 -## Annotating charts for trading with a focus on new day opening gaps.
60
61 - Speaker 2 explains importance of annotating charts with key levels for trading.
62 - ICT explains how to use news drivers to predict market movements.
63
64 ##44:59 -## Price action and market analysis.
65
66 - ICT discusses the importance of 8:30 AM due to economic calendar and price movements.
67 - The speaker emphasizes the importance of not having an opinion when brand new to trading, and instead focusing on annotating and studying charts.
68 - The speaker suggests that by watching price action repeatedly, traders can pick up on patterns and learn to identify potential trading opportunities.
69 - ICT teaches student traders to trust their anticipatory price reading skills by practicing with real-time market data.
70
71 ##51:02 -## Using price action to make informed trading decisions.
72
73 - ICT explains walking forward method to students, emphasizing log analysis and trade development.
74 - ICT emphasizes the importance of journaling and intentional observation in trading.
75
76 ##54:34 -## Trading and market analysis.
77
78 - ICT discusses the market's tendency to rally after new day opening gaps, with a bias towards shorts experiencing pain.
79 - ICT highlights the importance of trading inefficiencies and First Order blocks, with potential for price runs up to the Tuesday New Day opening gap high.
80 - The speaker compares plate spinning to trading, emphasizing the need to avoid breaking plates (i.e., making mistakes) in the beginning stages of learning.
81 - The speaker shares personal experiences of trying and failing to use certain trading methods, emphasizing the importance of persistence and adaptability in trading.
82 - The speaker discusses their experience with trading, mentioning their impatience and desire to make money quickly.
83 - The speaker emphasizes the importance of patience and watching price action without emotional attachment to potential highs and lows.
84
85 ##01:02:06 -## Using stop losses in trading, observing price action, and managing concerns.
86
87 - ICT emphasizes the importance of using a real stop loss to avoid mental stress and guarantee success in trading.
88 - ICT observes price action, notes concerns, and writes them down in real-time.
89
90 ##01:05:35 -## Trading strategies and risk management using price action analysis.
91
92 - The speaker emphasizes the importance of watching price action and waiting for certain patterns to develop before making trades.
93 - The speaker encourages listeners to be patient and persistent in their trading, even if it's not fun or lucrative at first.
94 - ICT explains how he places stop losses based on volume imbalance and price action, using a real-life example.
95 - ICT's son is the one who requested him to document his stop loss placement method for trading.
96
97 ##01:09:53 -## Trading strategies and market analysis.
98
99 - ICT argues that traders need to stop being skeptical and start trusting the evidence provided by successful students.
100 - ICT analyzes market activity, predicts potential future movements.
101 - ICT highlights a fair value gap in a stock, explaining why he chose that specific gap.
102
103 ##01:16:04 -## Fibonacci levels and price movement.
104
105 - ICT measures Fibonacci levels to identify range highs and lows, and anticipates future directional movement based on recent protracted moves.
106 - ICT explains how open outcry trading worked before electronic markets, using examples from his teaching on baby pips.
107 - ICT anticipates a price movement based on logic taught yesterday, with potential impact from news driver.
108
109 ##01:20:00 -## Using market replay to identify trading opportunities.
110
111 - ICT explains market dynamics, including spooling and liquidity.
112 - Analyzes price range convergence and potential trade opportunities.
113 - ICT analyzes market behavior and identifies patterns, using logic and real-time data to make informed trading decisions.
114 - ICT's screen appearance reflects their unique approach, with volume and balance indicators used to identify potential entry points and catalysts for price movement.
115
116 ##01:26:03 -## Trading strategies and market analysis.
117
118 - ICT explains how smart money uses concepts like event horizon and dark pools to cannibalize stupid money.
119 - ICT criticizes others for teaching misinterpreted versions of his trading strategies.
120
121 ##01:29:41 -## Technical analysis and trading strategies using candlestick patterns.
122
123 - ICT analyzes price action, identifying fair value gaps and wick behavior, providing insights for traders.
124 - ICT highlights the importance of volume balance and encroachment, showing how these factors impact price movement.
125 - The speaker discusses the importance of observing price action and identifying potential trading opportunities.
126 - The speaker provides examples of how to analyze price action and make trading decisions based on real-time observations.
127
128 ##01:35:17 -## Technical analysis and trading strategies.
129
130 - ICT emphasizes the importance of managing risk in trading.
131 - ICT emphasizes the importance of focusing on one's own learning and understanding, rather than external opinions or projections.
132
133 ##01:38:33 -## Trading psychology and managing emotions.
134
135 - ICT emphasizes the importance of understanding market dynamics and not relying solely on luck or past successes.
136 - ICT warns against the dangers of overconfidence and the tendency to attribute luck to skill in trading.
137 - The speaker emphasizes the importance of self-discipline and consistency in trading, citing examples from their own experience.
138 - The speaker encourages listeners to focus on the positive aspects of trading and to endure difficult moments with a growth mindset.
139 - The speaker warns against watching profit/loss while trading, as it can lead to toxic thinking and emotional distress.
140 - The speaker suggests breathing exercises and positive self-talk to manage stress and anxiety while trading.
141
142 ##01:46:23 -## Managing distractions while trading, emphasizing the importance of a dedicated workspace and minimizing interruptions.
143
144 - The speaker emphasizes the importance of maintaining a focused mindset while trading, free from distractions and interruptions.
145 - The speaker shares their personal strategy for managing distractions, including closing the door to their office and limiting interactions with family and pets.
146
147 ##01:49:14 -## Trading psychology and risk management.
148
149 - The speaker emphasizes the importance of trading with real money to learn and improve.
150 - The speaker advocates for a detached and unempathetic approach to trading, viewing it as a means to survive and succeed.
151 - The speaker emphasizes the importance of understanding the risks and having a balance in trading, rather than trying to trade every day or multiple times a day.
152 - The speaker encourages the listener to go through past price action and identify potential trading opportunities, with the goal of discovering their ideal trading model.
153 - ICT demonstrates a one-second chart to show opportunities for trading are present constantly.
154
155 ##01:56:06 -## Trading and market analysis.
156
157 - ICT discusses fair value gaps and their impact on trading.
158
159 ##01:57:55 -## Using charts to predict market movements.
160
161 - The speaker believes the markets are rigged and thankful for it, as it allows them to make informed decisions.
162 - The speaker compares the markets to a casino, where card counters are not allowed to play due to their skill set.
163 - ICT argues that relying on support and resistance levels is a losing strategy, and instead suggests attacking levels as opportunities.
164 - The speaker compares the economic calendar to a watering hole for lions, where gazelles (traders) go to get devoured.
165 - The speaker emphasizes the importance of respecting levels on a chart, rather than relying on random lines or levels.
166
167 ##02:04:54 -## Technical analysis and trading strategies.
168
169 - ICT argues that market prices are not rigged, despite claims to the contrary, and that studying the charts can reveal valid patterns and levels.
170 - ICT searches for s and t divergences on multiple time frames to anticipate a fair value gap or run above old highs.
171
172 ##02:08:23 -## Technical analysis and trading strategies.
173
174 - ICT wants to see divergence in a trade, where one asset fails and the other succeeds, as it provides quality behind analysis.
175 - ICT uses SMT to confirm trades, but doesn't necessarily need it, as it gives a little bit more quality behind analysis.
176 - ICT explains how to identify and trade on new day and new week gaps, using live data to verify opportunities.
177 - ICT emphasizes the importance of noticing and anticipating price action, calling it a "time machine" for forecasting the future.
178 - Enigma shares his experience and knowledge with enthusiasm and confidence, inspiring others to join the "cult of winning."
179 - Enigma's unique approach to technical analysis and trading has led to success for himself and those he has mentored.
180
181 == Transcription ==
182
183 (% class="hover min" %)
184 |1 |00:02:02 ~-~-> 00:02:10 |ICT: Happy Happy birthday to me. Happy birthday. Oh, hello. Good morning. Good
185 |2 |00:02:10 ~-~-> 00:02:17 |morning. How are you? Well? Today is ICTs birthday. Not when Michael became
186 |3 |00:02:17 ~-~-> 00:02:25 |ICT That's November 5, the actual birth date of the domain himself, Mr. Guru,
187 |4 |00:02:28 ~-~-> 00:02:38 |August 8 at 7:11pm, tonight, 52 years ago, I entered the fray. So hope you're
188 |5 |00:02:38 ~-~-> 00:02:47 |all doing well. Let me just start off real quick with the the live stream
189 |6 |00:02:47 ~-~-> 00:02:52 |yesterday, I kind of like went off on a rant, and I don't apologize for it, so
190 |7 |00:02:52 ~-~-> 00:02:57 |let me just make that very clear. I don't apologize for it, but I think
191 |8 |00:02:58 ~-~-> 00:03:05 |those in the in the seats they have control over what's going on these live
192 |9 |00:03:05 ~-~-> 00:03:09 |streams, I think they let me know that I was given a little too much opinion
193 |10 |00:03:09 ~-~-> 00:03:13 |about certain things. So we're going to avoid that, because my stream was
194 |11 |00:03:13 ~-~-> 00:03:20 |disrupted yesterday. So to avoid that happening again, we'll just have to
195 |12 |00:03:21 ~-~-> 00:03:29 |leave it for another medium. So anyway, today on the economic calendar, and
196 |13 |00:03:29 ~-~-> 00:03:35 |today you can take this one to the bank. We will be shutting down at nine
197 |14 |00:03:35 ~-~-> 00:03:41 |o'clock. It's my birthday, and I do have plans, and my wife basically laid down
198 |15 |00:03:41 ~-~-> 00:03:46 |the wall and said, nine o'clock, or else. So, gentlemen, you know what that
199 |16 |00:03:46 ~-~-> 00:03:55 |means. I have to make my escape here at 859, so that way I have met our
200 |17 |00:03:55 ~-~-> 00:03:58 |arrangement and agreements before I started the stream today. She was a
201 |18 |00:03:58 ~-~-> 00:04:01 |little disappointed. Actually, it was going to be doing it at all, but I was
202 |19 |00:04:01 ~-~-> 00:04:05 |like, yeah, come on. I gotta, I gotta go out here and hang up my people. Okay, so
203 |20 |00:04:07 ~-~-> 00:04:12 |we're going to look at this morning's price delivery. If you've noticed on the
204 |21 |00:04:13 ~-~-> 00:04:19 |let's see here. Get my cards out of the way. Yes, I still hold a deck of cards
205 |22 |00:04:20 ~-~-> 00:04:26 |when I'm talking to y'all, I don't know what's going on with YouTube, like, I
206 |23 |00:04:26 ~-~-> 00:04:34 |can't see anything that to check it or test it. So I'm going to go over to my
207 |24 |00:04:34 ~-~-> 00:04:37 |personal, private group real quick, if you just give me a moment,
208 |25 |00:04:40 ~-~-> 00:04:41 |I just want to get a check
209 |26 |00:04:44 ~-~-> 00:04:47 |on my audio before I go in any further, because I've I've done live streams
210 |27 |00:04:47 ~-~-> 00:04:52 |before and thought I was talking and could be heard and it wasn't picking up
211 |28 |00:04:52 ~-~-> 00:04:56 |anything. And I've also done videos where I've recorded for hours
212 |29 |00:04:57 ~-~-> 00:04:58 |and, uh.
213 |30 |00:05:00 ~-~-> 00:05:05 |Become the finding I wasted my time talking. So, okay, my my personal,
214 |31 |00:05:05 ~-~-> 00:05:09 |private students are letting me know they can hear me loud, clear. So I don't
215 |32 |00:05:09 ~-~-> 00:05:13 |want to see any comments saying, Turn up your mic, get get better equipment,
216 |33 |00:05:13 ~-~-> 00:05:18 |because you need to turn your volume up or use headphones. Alright? So at 830
217 |34 |00:05:18 ~-~-> 00:05:25 |today, the economic calendar gives us employment data. Okay, so it's not Non
218 |35 |00:05:25 ~-~-> 00:05:31 |Farm Payroll, like, like typical, you know, first Friday of the month, it is
219 |36 |00:05:32 ~-~-> 00:05:38 |something that is ahead of those numbers. Oh, not, I'm sorry, not ahead
220 |37 |00:05:38 ~-~-> 00:05:45 |of those numbers. But it's like, related, to that, that information. I
221 |38 |00:05:45 ~-~-> 00:05:50 |don't care what the number is. I never look at those numbers for any report. I
222 |39 |00:05:50 ~-~-> 00:05:54 |don't look at the number for CPI, I don't look at PMI, I don't look at the
223 |40 |00:05:54 ~-~-> 00:05:58 |knock on payroll numbers. I don't compare the trends of what it what all
224 |41 |00:05:58 ~-~-> 00:06:03 |of that is all baked in. Okay, it's all baked into. What price is going to do,
225 |42 |00:06:03 ~-~-> 00:06:11 |and I just want to hunt where I think it may reach for, okay, so you're probably
226 |43 |00:06:11 ~-~-> 00:06:13 |looking at the charts, especially the one of the upper left hand corner, the
227 |44 |00:06:13 ~-~-> 00:06:17 |15 minute time frame, and you probably noticed that there's a whole bunch of
228 |45 |00:06:17 ~-~-> 00:06:23 |lines on it, okay? And for a chart that is an ICT chart that's very busy. Okay,
229 |46 |00:06:23 ~-~-> 00:06:27 |it's a whole lot of stuff going on, which is what I was referring to
230 |47 |00:06:27 ~-~-> 00:06:34 |yesterday, when I was talking about how you want to create a low A layout, and
231 |48 |00:06:35 ~-~-> 00:06:39 |also want to say something real quick, trading view. I think was a little upset
232 |49 |00:06:39 ~-~-> 00:06:40 |with me,
233 |50 |00:06:41 ~-~-> 00:06:44 |my representatives, tapping in the private message,
234 |51 |00:06:46 ~-~-> 00:06:51 |usually you see the messages over here on the right hand side. I think he was
235 |52 |00:06:51 ~-~-> 00:06:55 |letting me know that I disclosed too much information about but I really
236 |53 |00:06:55 ~-~-> 00:06:58 |didn't disclose anything, except for they offered him an opportunity, and
237 |54 |00:06:58 ~-~-> 00:07:02 |like I've been true to everyone else, every vendor, every brokerage firm,
238 |55 |00:07:02 ~-~-> 00:07:08 |every prop firm, every person or entity or company has ever asked for some kind
239 |56 |00:07:08 ~-~-> 00:07:13 |of a partnership with me, I've always declined it. Because if I do that, if I
240 |57 |00:07:13 ~-~-> 00:07:19 |if I do a program or an affiliation with anyone, that means my opinion is
241 |58 |00:07:19 ~-~-> 00:07:25 |influenced, period, and I don't trust anyone's opinion that has an affiliate
242 |59 |00:07:25 ~-~-> 00:07:30 |or partnership monetarily with anyone or any company, because they're monetized.
243 |60 |00:07:30 ~-~-> 00:07:34 |Their opinion is monetized. So when I say something, and I haven't said
244 |61 |00:07:34 ~-~-> 00:07:38 |anything bad about trading view, in fact, you're probably all going to be
245 |62 |00:07:38 ~-~-> 00:07:42 |buying a membership to trading view on Black Friday, so they should be
246 |63 |00:07:42 ~-~-> 00:07:46 |thankful, and then I'm pushing and hurting everybody, but that's the day
247 |64 |00:07:46 ~-~-> 00:07:49 |everybody should buy it. It's not my fault that they heavily discount their
248 |65 |00:07:49 ~-~-> 00:07:53 |stuff on that day. I just wish I would have done it like that the first few
249 |66 |00:07:53 ~-~-> 00:07:59 |times I paid for it. But don't bother me, dude. Okay, I'm repping. I'm repping
250 |67 |00:07:59 ~-~-> 00:08:02 |as best as I can, because I like the service, but don't, don't nag me in the
251 |68 |00:08:02 ~-~-> 00:08:10 |private messages. So anyway, the the lines you see here, this is kind of like
252 |69 |00:08:10 ~-~-> 00:08:14 |what I was getting at yesterday, where you want to start populating your chart
253 |70 |00:08:15 ~-~-> 00:08:20 |with you don't have to go back in time. You can just start doing it walking
254 |71 |00:08:20 ~-~-> 00:08:25 |forward, which is essentially what I have here. I just picked the sunny new
255 |72 |00:08:25 ~-~-> 00:08:30 |week opening gap, and that's as you see up here. And I want to take you to the
256 |73 |00:08:30 ~-~-> 00:08:35 |chart where it actually is formed so we can see it. And then this is how I
257 |74 |00:08:35 ~-~-> 00:08:43 |recommend that Caleb labels his okay. So while it's not important to have these
258 |75 |00:08:43 ~-~-> 00:08:48 |on the chart you're watching, you know, all day long, or minute by minute, or if
259 |76 |00:08:48 ~-~-> 00:08:52 |you're looking at a chart, like a less than one minute chart, 15 second 32nd
260 |77 |00:08:52 ~-~-> 00:08:57 |chart, it's not important to view it from this perspective, because once you
261 |78 |00:08:57 ~-~-> 00:09:00 |see where you're at, like, for instance, we're here right now. This is mark to
262 |79 |00:09:00 ~-~-> 00:09:07 |market there. That's real time, and we are just below Wednesday's New Day
263 |80 |00:09:07 ~-~-> 00:09:14 |opening gaps low, and we are above today's New Day opening got hot, so
264 |81 |00:09:14 ~-~-> 00:09:19 |we're in between, okay, which is classic. It's typical, because we're
265 |82 |00:09:19 ~-~-> 00:09:28 |waiting for a medium high impact type of event at 830 now, when we do not have
266 |83 |00:09:28 ~-~-> 00:09:33 |high impact or medium impact news in the morning session, I still am watching
267 |84 |00:09:33 ~-~-> 00:09:39 |these levels, because at 830 the element of time is still there. So the algorithm
268 |85 |00:09:39 ~-~-> 00:09:44 |is going to just walk forward. It's not, it's not aware. Okay, this is, this is
269 |86 |00:09:44 ~-~-> 00:09:49 |kind of like me saying probably too much more than I should. But this is why I
270 |87 |00:09:49 ~-~-> 00:09:55 |say I don't care about the numbers that these reports, you know, present to the
271 |88 |00:09:55 ~-~-> 00:10:00 |public, because at 830 the algorithm is going to start school. Going anyway,
272 |89 |00:10:01 ~-~-> 00:10:08 |okay, on high impact news drivers or medium impact news drivers, they can
273 |90 |00:10:09 ~-~-> 00:10:14 |push it a little bit further. I'm not saying that it's absolutely 100% manual
274 |91 |00:10:14 ~-~-> 00:10:18 |intervention, but they will loosen it up a little bit so it starts to reach for a
275 |92 |00:10:18 ~-~-> 00:10:24 |little bit farther outside the normal band of volatility where it can go up a
276 |93 |00:10:24 ~-~-> 00:10:28 |little bit further than if it was, if without a news driver, that would be
277 |94 |00:10:28 ~-~-> 00:10:32 |either medium or high impact. And what am I referring to? If this is the first
278 |95 |00:10:32 ~-~-> 00:10:37 |time you're watching if you go to Forex factory.com, I don't have an affiliate
279 |96 |00:10:37 ~-~-> 00:10:41 |with them either. I don't have anything with them, but they have a calendar that
280 |97 |00:10:41 ~-~-> 00:10:44 |I've always used when I was on baby pips, I used that calendar, and when I
281 |98 |00:10:44 ~-~-> 00:10:48 |was teaching forex and price action through Forex, that's the one I would
282 |99 |00:10:48 ~-~-> 00:10:54 |use. You can still use it, but I prefer econo day, and that was the one I was
283 |100 |00:10:54 ~-~-> 00:11:02 |using a long time ago, and it's a little bit harder on the eyes than the real
284 |101 |00:11:02 ~-~-> 00:11:08 |nice presentation that Forex factory does. It's a real cleaner, easier and
285 |102 |00:11:08 ~-~-> 00:11:12 |economy gives you a whole lot more information that I don't personally
286 |103 |00:11:12 ~-~-> 00:11:17 |think you need everything it shows. But if you want to be a completeness freak
287 |104 |00:11:17 ~-~-> 00:11:21 |like you just have to know everything. Econo day is the better economic
288 |105 |00:11:21 ~-~-> 00:11:27 |calendar, okay? And it's free. You can go to their website, and there it is. If
289 |106 |00:11:27 ~-~-> 00:11:31 |there is an absence of medium or high impact news in the morning session at
290 |107 |00:11:31 ~-~-> 00:11:36 |830 I still am watching 830 because the market will, in fact, still sport,
291 |108 |00:11:36 ~-~-> 00:11:40 |because it does that. I'm already looking at 830 anyway, because it's a
292 |109 |00:11:40 ~-~-> 00:11:47 |key time. It just makes it better, more probable that we'll have a lot more
293 |110 |00:11:47 ~-~-> 00:11:52 |volatility, and the price runs will be a little bit more energetic when we have a
294 |111 |00:11:52 ~-~-> 00:12:00 |medium impact or a high impact, new driver that's due out at 830 now, at 830
295 |112 |00:12:01 ~-~-> 00:12:05 |when we have something like we have today, this is classic where we'll be
296 |113 |00:12:05 ~-~-> 00:12:13 |sandwiched between just waiting for that news to hit. Everybody that wants to
297 |114 |00:12:13 ~-~-> 00:12:18 |play breakouts, okay, they're going to want to be a buyer, maybe above this
298 |115 |00:12:18 ~-~-> 00:12:25 |high or that high. Short sellers are going to want to sell short here on a
299 |116 |00:12:25 ~-~-> 00:12:29 |break, below those levels or above those levels, respectively, because they don't
300 |117 |00:12:29 ~-~-> 00:12:34 |know what they're doing. I'm suggesting to you that we have to sit and wait,
301 |118 |00:12:34 ~-~-> 00:12:41 |because it's not in an area where any one particular direction is more likely
302 |119 |00:12:41 ~-~-> 00:12:47 |than the other. Let's say it that way. So let's go through a process of this is
303 |120 |00:12:47 ~-~-> 00:12:51 |what we're practicing. We're looking at a time when the market should start
304 |121 |00:12:51 ~-~-> 00:12:59 |running in about seven minutes or so, and then we want to watch and see how
305 |122 |00:12:59 ~-~-> 00:13:04 |price reacts and delivers to I'm going to scroll back real quick and show you
306 |123 |00:13:04 ~-~-> 00:13:08 |where the new week opening gap high the consequent crochet, which is the
307 |124 |00:13:08 ~-~-> 00:13:13 |midpoint between the high and the low, and it's labeled, as you can see here.
308 |125 |00:13:13 ~-~-> 00:13:20 |Okay. And then here is Tuesday's New Day opening gap, which you get that on
309 |126 |00:13:20 ~-~-> 00:13:26 |Monday at 6pm Eastern, Standard Time. And then here is Wednesday's New Day
310 |127 |00:13:26 ~-~-> 00:13:32 |opening got high mid point. New Day opening got low for Wednesday, which you
311 |128 |00:13:32 ~-~-> 00:13:40 |get on Tuesday at 6pm Remember, you're the 6pm opening price gives you one or
312 |129 |00:13:40 ~-~-> 00:13:46 |the other, the new day opening got high or low. And wherever that 6pm open is,
313 |130 |00:13:46 ~-~-> 00:13:51 |if it's above where it's stopped trading at 5pm that same trading day, then
314 |131 |00:13:51 ~-~-> 00:13:58 |that's that's going to mean we have an up gap, or opening gap higher, and the
315 |132 |00:13:58 ~-~-> 00:14:04 |higher reading would be your high or your new day open gap high, and then
316 |133 |00:14:04 ~-~-> 00:14:10 |where we closed at 5pm for that one hour break. If the close is lower, then that
317 |134 |00:14:10 ~-~-> 00:14:14 |would be your new day opening gap low. And then you put a fib and measure the
318 |135 |00:14:14 ~-~-> 00:14:19 |difference between both, and that 50% level is your consequent encouragement.
319 |136 |00:14:19 ~-~-> 00:14:25 |So it's your midpoint. You don't need to put the quadrants on it, okay? Like I
320 |137 |00:14:25 ~-~-> 00:14:29 |was teaching yesterday, after a while, you'll just trust the fact that you can
321 |138 |00:14:29 ~-~-> 00:14:35 |eyeball it. You don't have to be so precise about those levels. I like to do
322 |139 |00:14:35 ~-~-> 00:14:40 |the quadrant levels when there's a larger range, okay? And this particular
323 |140 |00:14:40 ~-~-> 00:14:44 |range. This is one where I would have the quadrants on if it's a smaller
324 |141 |00:14:44 ~-~-> 00:14:49 |range, like, say, the say the new day opening gap is like, you know, 1010,
325 |142 |00:14:50 ~-~-> 00:14:54 |handles or 15, something less than 20 handles. I'm going to eyeball it. I'm
326 |143 |00:14:54 ~-~-> 00:14:57 |not going to worry about the actual specific levels, because we're talking
327 |144 |00:14:57 ~-~-> 00:15:02 |about very little in terms of. Of separation from where a trade might be
328 |145 |00:15:02 ~-~-> 00:15:06 |entered and where a stop stop would be. It's not going to be an impact to me for
329 |146 |00:15:06 ~-~-> 00:15:10 |making or breaking a trade. But this, this is a significant range here, from
330 |147 |00:15:11 ~-~-> 00:15:20 |18,099 to 18,033 so we have, we have 66 handles or so in here. So that's a
331 |148 |00:15:20 ~-~-> 00:15:25 |pretty significant price range. So you would want to look at the quadrants, and
332 |149 |00:15:25 ~-~-> 00:15:31 |then you simply would just when you put the FIB between the high and the low
333 |150 |00:15:32 ~-~-> 00:15:35 |that makes up that new day opening gap. And if you don't know what I'm talking
334 |151 |00:15:35 ~-~-> 00:15:38 |about, you didn't watch yesterday's presentation, go back and watch it.
335 |152 |00:15:38 ~-~-> 00:15:40 |Okay, don't, don't skip ahead, because you're going to watch the video. Be
336 |153 |00:15:40 ~-~-> 00:15:43 |frustrated. You have no idea what I'm talking about. I'm talking about, or
337 |154 |00:15:43 ~-~-> 00:15:46 |assume that I don't care that you are trying to learn it properly because I've
338 |155 |00:15:46 ~-~-> 00:15:52 |already outlined it yesterday. But when you put the fib on the low and the high
339 |156 |00:15:52 ~-~-> 00:15:58 |of that gap on your Fibonacci, you're just going to toggle point seven five,
340 |157 |00:15:58 ~-~-> 00:16:02 |or add it into your settings, point seven, five and point two, five. So it
341 |158 |00:16:02 ~-~-> 00:16:06 |gives you your quadrant levels in addition to the point five zero level,
342 |159 |00:16:06 ~-~-> 00:16:11 |which is the consequent encroachment. So you can see where everything is
343 |160 |00:16:11 ~-~-> 00:16:18 |anchored, here, here, here, but I want to scrub back and show you where we
344 |161 |00:16:18 ~-~-> 00:16:21 |opened. So here's where Friday's trading closed, and
345 |162 |00:16:25 ~-~-> 00:16:30 |then here's where we opened on Sunday. See that, and then measuring the
346 |163 |00:16:30 ~-~-> 00:16:38 |distance between the close on Friday and the open on Sunday at 6pm your 50% level
347 |164 |00:16:38 ~-~-> 00:16:43 |now on new week, opening gaps, same thing. If it's a significant new week
348 |165 |00:16:43 ~-~-> 00:16:48 |opening gap, I want, I want to put the quadrant levels on. Okay, so I'll do
349 |166 |00:16:48 ~-~-> 00:16:54 |that here, so that way you can see it. This level was dropped in. So it's not
350 |167 |00:16:54 ~-~-> 00:16:58 |like, it's not a it's not a fit, you can see that. So that's how I keep the chart
351 |168 |00:16:58 ~-~-> 00:17:02 |clean, and that's it. What I'm suggesting to you, Caleb, all I'm doing
352 |169 |00:17:02 ~-~-> 00:17:10 |is, when I put the fib on, I'm meshing the open to the close, and you can see
353 |170 |00:17:10 ~-~-> 00:17:16 |it's the same price level. So four, five, 1.75 let's take that Fibonacci
354 |171 |00:17:16 ~-~-> 00:17:22 |off. Four, five, 1.75 and all I did was drop the horizontal line, which is this
355 |172 |00:17:22 ~-~-> 00:17:27 |one here, and put it on that price. And if you have to, if you have to calibrate
356 |173 |00:17:27 ~-~-> 00:17:35 |it, you just drop it in close proximity to it. And then coordinates, you just
357 |174 |00:17:35 ~-~-> 00:17:41 |put the price in 18,004 five, 1.75 and then if you have to move it around. Just
358 |175 |00:17:41 ~-~-> 00:17:46 |do these types of things here. So that way it's sitting either below the high
359 |176 |00:17:46 ~-~-> 00:17:51 |or just above the low. So it's it's closely correlated. So that way you know
360 |177 |00:17:51 ~-~-> 00:17:55 |what you're you're monitoring. But to get the quadrants when it's an opening
361 |178 |00:17:56 ~-~-> 00:18:03 |gap like that, these are the settings again, real quick. For for clarity sake,
362 |179 |00:18:03 ~-~-> 00:18:07 |you're going to have these in your Fibonacci settings. So if you toggle
363 |180 |00:18:07 ~-~-> 00:18:13 |them, 0.75 0.25 that'll give you your quadrant level. So I'm adding them now
364 |181 |00:18:13 ~-~-> 00:18:19 |so you can see, you think that's random. You think that's random, right there.
365 |182 |00:18:22 ~-~-> 00:18:26 |Some of you have already mentioned to me either in an email or a direct message
366 |183 |00:18:26 ~-~-> 00:18:31 |to me on my cell phone, and I've asked you politely not to do that. My phone's
367 |184 |00:18:31 ~-~-> 00:18:35 |been buzzing since 11 o'clock last night with everybody wishing me happy birthday
368 |185 |00:18:35 ~-~-> 00:18:39 |while I appreciate that, you can just as well do it in the comment section on a
369 |186 |00:18:39 ~-~-> 00:18:43 |most recent post on the Community tab on my YouTube channel, because that's like
370 |187 |00:18:43 ~-~-> 00:18:48 |the replacement for Twitter. So while you don't see other people commenting, I
371 |188 |00:18:48 ~-~-> 00:18:51 |see every comment that's made to me. Anything rude, I broom you. I don't ever
372 |189 |00:18:51 ~-~-> 00:18:54 |need to see anything from you ever again, because I frankly don't care
373 |190 |00:18:54 ~-~-> 00:18:57 |about your opinion. You're either here to learn or you're not. If you're not
374 |191 |00:18:57 ~-~-> 00:19:03 |here to learn, piss off. So we spike through it. The wicks do the damage. And
375 |192 |00:19:03 ~-~-> 00:19:07 |then we come back down. Look how it hits the bottom of the new week, opening gap
376 |193 |00:19:07 ~-~-> 00:19:11 |there, and then accelerates lower. What is it reaching for? Well, you have
377 |194 |00:19:11 ~-~-> 00:19:16 |Tuesdays, New Day opening gap there. It trades into that. Look at the consequent
378 |195 |00:19:16 ~-~-> 00:19:22 |crochet one of that level, bang. And then we come back up, hit the low of it
379 |196 |00:19:22 ~-~-> 00:19:29 |inside of a fair value gap trades lower. Here is the Wednesday New Day opening
380 |197 |00:19:29 ~-~-> 00:19:33 |gap. Look at the bodies, respecting that you see that the wicks are going to do
381 |198 |00:19:33 ~-~-> 00:19:39 |the damage, okay? And then we have look at this completely random comes back up,
382 |199 |00:19:39 ~-~-> 00:19:44 |consequent encouragement. Trades lower. One more time drops back down. And now
383 |200 |00:19:44 ~-~-> 00:19:51 |what have we done? 830 we traded up to Wednesday's New Day opening got low,
384 |201 |00:19:51 ~-~-> 00:19:54 |consequent encroachment high. See if we can hit it. I.
385 |202 |00:20:03 ~-~-> 00:20:08 |A little bit more of a spike. There you go. So what I was talking about
386 |203 |00:20:08 ~-~-> 00:20:13 |yesterday, when we're looking at price, how do you learn to trust where the
387 |204 |00:20:13 ~-~-> 00:20:17 |market's going to gravitate to? Okay, like, what side the market's going to
388 |205 |00:20:17 ~-~-> 00:20:21 |reach for? Do you remember what I told you that you're going to focus on? If
389 |206 |00:20:21 ~-~-> 00:20:24 |you've taken notes, you should already know this, because it's basically
390 |207 |00:20:24 ~-~-> 00:20:30 |staring it in front of you right now, if the market's here, okay, and we have
391 |208 |00:20:30 ~-~-> 00:20:35 |only today's New Day opening gap, which is here that's below opening right
392 |209 |00:20:35 ~-~-> 00:20:40 |before 830 before the run. That's on that news driver. Where are you seeing
393 |210 |00:20:40 ~-~-> 00:20:44 |clustering of New Day opening gaps and a new week opening gap? Where do you see
394 |211 |00:20:44 ~-~-> 00:20:51 |it? Is it above the market or below it? Smiling? Aren't you look at it. You have
395 |212 |00:20:51 ~-~-> 00:20:56 |it above, you have it above, and you have it above. Plus we've already had a
396 |213 |00:20:56 ~-~-> 00:21:06 |nice drop down. We've taken liquidity relative equal lows inside of eight by
397 |214 |00:21:06 ~-~-> 00:21:09 |sign a bell cell sign, in efficiency, right there.
398 |215 |00:21:20 ~-~-> 00:21:27 |I'll extend it to the right.
399 |216 |00:21:29 ~-~-> 00:21:33 |Okay, boom, trace down to upper quadrant of that fair value gap, which is a buy
400 |217 |00:21:33 ~-~-> 00:21:39 |side and balance cell sign efficiency. Okay, let's just put some juice on this
401 |218 |00:21:39 ~-~-> 00:21:39 |a little bit.
402 |219 |00:21:42 ~-~-> 00:21:43 |Think that's random.
403 |220 |00:21:46 ~-~-> 00:21:49 |You think that's just random? It's buying pressure there, guys, don't you
404 |221 |00:21:49 ~-~-> 00:21:52 |understand? It's buying pressure that turns these markets right on a dime.
405 |222 |00:21:53 ~-~-> 00:21:58 |Somebody collectively tells everybody in a Reddit thread that we're all going to
406 |223 |00:21:58 ~-~-> 00:22:02 |buy at that price. So anyway, the price comes off of that comes back down. I
407 |224 |00:22:02 ~-~-> 00:22:06 |like the fact that we didn't come down and touch this, because that sets the
408 |225 |00:22:06 ~-~-> 00:22:12 |tone for it's trading up to these levels. Okay, it's going up into these
409 |226 |00:22:12 ~-~-> 00:22:18 |levels for the sake of offering the equivalent to fair value, because all
410 |227 |00:22:18 ~-~-> 00:22:24 |these levels here are potential areas for engagement, for deeper pockets,
411 |228 |00:22:24 ~-~-> 00:22:29 |okay? And that means that they could, I'm not saying yet, but it could be
412 |229 |00:22:29 ~-~-> 00:22:35 |going up here to create just a little bit of excitement to low or lower in
413 |230 |00:22:35 ~-~-> 00:22:40 |buyers, and then they take them against the coals and come back down and work in
414 |231 |00:22:40 ~-~-> 00:22:45 |today's New Day opening gap again, later in the afternoon, or maybe during the
415 |232 |00:22:45 ~-~-> 00:22:50 |930 opening while I won't be with you, and I will be with my wife. I will be
416 |233 |00:22:50 ~-~-> 00:22:56 |admittedly peeking at my phone, watching at 930 to see what we're gravitating to.
417 |234 |00:22:56 ~-~-> 00:23:02 |Okay, new week opening gap. It's going to take a real move to get up there. And
418 |235 |00:23:02 ~-~-> 00:23:06 |that would indicate something entirely different. That would probably put me on
419 |236 |00:23:06 ~-~-> 00:23:12 |the sidelines until we get to like 10 o'clock, like, if, in other words, if we
420 |237 |00:23:12 ~-~-> 00:23:16 |run up there, if we start to really expand up in there prior to 930 opening,
421 |238 |00:23:16 ~-~-> 00:23:21 |I would absolutely wait until 10 o'clock. Silver bullet, and that would
422 |239 |00:23:21 ~-~-> 00:23:27 |be my my setup, and I would worry about taking a trade only around that premise,
423 |240 |00:23:27 ~-~-> 00:23:33 |not something you know before, like usually, I'll have a an expectation in
424 |241 |00:23:33 ~-~-> 00:23:38 |the marketplace where I think it's going to gravitate to this or that level, and
425 |242 |00:23:38 ~-~-> 00:23:41 |if it's above that means I'm going to be looking for some scenario where I want
426 |243 |00:23:41 ~-~-> 00:23:46 |to see a shift in market structure that's bullish time of day, I want to
427 |244 |00:23:46 ~-~-> 00:23:50 |trade inside of a macro that's the last 10 minutes of the new new hour about to
428 |245 |00:23:50 ~-~-> 00:23:55 |begin, and or 10 minutes after the top of the new hour. So I'm hunting that
429 |246 |00:23:55 ~-~-> 00:24:02 |type of setup. And those conditions are not there yet for me, but I wanted to
430 |247 |00:24:02 ~-~-> 00:24:06 |sit with you today and have it on the chart and kind of like, prove to you
431 |248 |00:24:06 ~-~-> 00:24:11 |like, this is when you're when you're talking about support, resistance, okay?
432 |249 |00:24:11 ~-~-> 00:24:14 |And you're looking at books like technical announcement, financial
433 |250 |00:24:14 ~-~-> 00:24:18 |markets by John Murphy, or any other classical retail, you know, textbook.
434 |251 |00:24:19 ~-~-> 00:24:24 |Those are absolutely helpful and useful, because it gives you what the other
435 |252 |00:24:25 ~-~-> 00:24:29 |traders out there are going to be trying to do, and they're going to try to risk
436 |253 |00:24:29 ~-~-> 00:24:34 |money on those ideas, these archaic ideas that have actually no bearing on
437 |254 |00:24:34 ~-~-> 00:24:41 |what price is going to do. The concept of support and resistance is, in my
438 |255 |00:24:41 ~-~-> 00:24:48 |opinion, to myopic, and I've lost a lot of money trying to trade them. Because
439 |256 |00:24:48 ~-~-> 00:24:52 |the idea is, it goes to an old high, bounces down, and then if it goes up
440 |257 |00:24:52 ~-~-> 00:24:55 |here one more time, the idea that going back up here and touch it again, to me,
441 |258 |00:24:55 ~-~-> 00:24:59 |that's a trader with the perspective I have now is, why does it need to go
442 |259 |00:24:59 ~-~-> 00:25:03 |back? Out there, if it's going to be resistance and it started to drop the
443 |260 |00:25:03 ~-~-> 00:25:07 |first time it touched it, then there's really no weakness there. It's going
444 |261 |00:25:07 ~-~-> 00:25:10 |back there for a reason, right? It's going back there to go above it because
445 |262 |00:25:10 ~-~-> 00:25:14 |people are shorting it, but their stop loss is above that. And it took years
446 |263 |00:25:14 ~-~-> 00:25:17 |for me to figure that out, because I wasn't someone that would want to sell
447 |264 |00:25:17 ~-~-> 00:25:21 |short because I was afraid to sell short. I was only trying to buy if I was
448 |265 |00:25:21 ~-~-> 00:25:26 |trying to trade. So when you look at how the market trades around these
449 |266 |00:25:26 ~-~-> 00:25:30 |inefficiencies, these actual gaps, and then, because they trade to them and
450 |267 |00:25:30 ~-~-> 00:25:36 |fill them in, everybody else in this industry, before I started teaching like
451 |268 |00:25:36 ~-~-> 00:25:42 |this publicly, they would never worry about those levels again. It was
452 |269 |00:25:42 ~-~-> 00:25:47 |completely tossed out. This, this, this got rid of it. It was no longer a factor
453 |270 |00:25:47 ~-~-> 00:25:51 |for them. And they would look at price action. And I'm trying to tell you that
454 |271 |00:25:52 ~-~-> 00:25:56 |you don't want to do that. You don't want to do that. They have a life cycle
455 |272 |00:25:57 ~-~-> 00:26:03 |of a high degree of sensitivity that, in my opinion, to serve you as a student,
456 |273 |00:26:04 ~-~-> 00:26:10 |New Day opening gaps, you want to have at least the last five days, okay, and
457 |274 |00:26:11 ~-~-> 00:26:16 |the last five weeks, if it's the new week opening gap. And if you have these
458 |275 |00:26:16 ~-~-> 00:26:22 |levels on a layout, you'll be able to see okay at the time of 830 when we were
459 |276 |00:26:22 ~-~-> 00:26:29 |first talking, I mentioned how we're in between two significant inefficiencies.
460 |277 |00:26:30 ~-~-> 00:26:36 |So nobody can sit there and say, Well, it's a so and so entry pattern because
461 |278 |00:26:36 ~-~-> 00:26:42 |of this or that, because it's in like a no man's land. But as I was teaching you
462 |279 |00:26:42 ~-~-> 00:26:48 |yesterday, how can you determine what side it's going to push through, and why
463 |280 |00:26:48 ~-~-> 00:26:53 |would it do that? Well, if you're sitting and watching the market eight
464 |281 |00:26:53 ~-~-> 00:26:56 |o'clock, it's when you're looking for relative equal highs and relative equal
465 |282 |00:26:56 ~-~-> 00:27:03 |lows and into 830 and then at 830 what are we doing? We're looking for, where
466 |283 |00:27:03 ~-~-> 00:27:09 |is the stacking and clustering of these inefficiencies, The New Day opening gaps
467 |284 |00:27:09 ~-~-> 00:27:14 |and the new week opening gap, if it's above market price, which is right here
468 |285 |00:27:14 ~-~-> 00:27:21 |at 830 where is it most likely going to press into the side that has all the
469 |286 |00:27:21 ~-~-> 00:27:24 |inefficiencies, even if they've already been traded to see, this is what I'm
470 |287 |00:27:24 ~-~-> 00:27:29 |referring to. Like, it's already crossed over this gap here. It's already touched
471 |288 |00:27:29 ~-~-> 00:27:34 |the low of it here, and dropped this one here. We went back and forth inside of
472 |289 |00:27:34 ~-~-> 00:27:39 |it and left it came up constant crochet to the low. Well, that means it's done
473 |290 |00:27:39 ~-~-> 00:27:43 |right? Just toss it out the window. It's already been used up. It's stale. Now
474 |291 |00:27:43 ~-~-> 00:27:47 |that's what you're, you're, you're going to think that, like anybody else with
475 |292 |00:27:47 ~-~-> 00:27:51 |they saw a gap fill in. Okay, what gaps done? Let's go look at something else.
476 |293 |00:27:52 ~-~-> 00:27:55 |You don't want to do that. You absolutely don't want to do that,
477 |294 |00:27:55 ~-~-> 00:28:01 |because the algorithm this price engine that pushes price. It's driven by these
478 |295 |00:28:01 ~-~-> 00:28:07 |reference points. So what the algorithm does is it calls back to these points of
479 |296 |00:28:07 ~-~-> 00:28:14 |reference based on time and price, what prices, the prices I showed you, what
480 |297 |00:28:14 ~-~-> 00:28:18 |locations and what date, the ones I'm showing you here, and what I taught you,
481 |298 |00:28:19 ~-~-> 00:28:24 |and what will happen is, you're going to learn to anticipate what's direction the
482 |299 |00:28:24 ~-~-> 00:28:29 |market will push to before it happens. So the next stage in your understanding
483 |300 |00:28:29 ~-~-> 00:28:33 |would be, if you're expecting price to reach up, why? Because you have a new
484 |301 |00:28:33 ~-~-> 00:28:37 |day gap. Need to open a gap here, a new day opening gap here, and a new week
485 |302 |00:28:37 ~-~-> 00:28:41 |opening gap up here, and we've already dropped down into a very deep discount
486 |303 |00:28:41 ~-~-> 00:28:46 |relative to the price. Run from down here all the way up to what we did as a
487 |304 |00:28:46 ~-~-> 00:28:54 |high on Wednesday. So we've dropped down. We're in a deep discount here. It
488 |305 |00:28:54 ~-~-> 00:28:58 |rallies up, and then we're waiting for that news driver to come out to wreck
489 |306 |00:28:58 ~-~-> 00:29:04 |retail, because they're going to play the breakout game. They don't have any
490 |307 |00:29:04 ~-~-> 00:29:11 |idea what side the market is going to reach for. And the way you build
491 |308 |00:29:11 ~-~-> 00:29:14 |confidence and trust in your trades is you have to do these types of exercises.
492 |309 |00:29:15 ~-~-> 00:29:18 |Notice, no button was pushed. Notice, there's no trade idea. There's no worry
493 |310 |00:29:18 ~-~-> 00:29:22 |about a stop loss. There's no worry about how many contracts to buy or sell,
494 |311 |00:29:23 ~-~-> 00:29:30 |because you have to do this drill for weeks and months to overcome that fear
495 |312 |00:29:30 ~-~-> 00:29:36 |of I'm going to get it wrong. How do you How can you trust it, the things I'm
496 |313 |00:29:36 ~-~-> 00:29:40 |teaching you, how can you personally trust these things outside of my word
497 |314 |00:29:40 ~-~-> 00:29:44 |saying it's it's good stuff, you should take my word for it. I'm telling you
498 |315 |00:29:44 ~-~-> 00:29:48 |don't take my word. I don't want you to take my word for any of it. I want you
499 |316 |00:29:48 ~-~-> 00:29:58 |to test it yourself, because you already see it's valid. The logic is there, and
500 |317 |00:29:58 ~-~-> 00:30:02 |if you can't see that, you. You're denying it, or you didn't pay attention
501 |318 |00:30:02 ~-~-> 00:30:06 |or take notes, because this is the, this is the exact thing I outlined yesterday,
502 |319 |00:30:07 ~-~-> 00:30:11 |where you see the new day, new day opening gap, New Day opening gaps,
503 |320 |00:30:11 ~-~-> 00:30:16 |plural and the new week opening gap. It's above where market price was right
504 |321 |00:30:16 ~-~-> 00:30:22 |before that high impact news driver at 830 so what does that mean? Well, let's
505 |322 |00:30:22 ~-~-> 00:30:29 |say it like this, if we would have seen price drop down, okay, and there was a
506 |323 |00:30:29 ~-~-> 00:30:34 |much cleaner fair value gap in here, not the inversion fair value gap that's
507 |324 |00:30:34 ~-~-> 00:30:39 |right there. If it would have had another cleaner fair value gap here, and
508 |325 |00:30:39 ~-~-> 00:30:44 |if it would have dropped down initially at 830 that would then a potential for
509 |326 |00:30:45 ~-~-> 00:30:48 |us to say, Okay, we would expect it to drop down to that fair value gap, and
510 |327 |00:30:48 ~-~-> 00:30:57 |then expand up and reach into these gaps here, and maybe look real close there.
511 |328 |00:30:59 ~-~-> 00:31:06 |Why there? Well, if you look at the range from this high, I'll fix that in a
512 |329 |00:31:06 ~-~-> 00:31:15 |second. It's always in the wrong place. Does that ever happen to you? This box
513 |330 |00:31:15 ~-~-> 00:31:18 |always pops up right where I need to be adjusting something. So here we have the
514 |331 |00:31:18 ~-~-> 00:31:27 |high down the low, and where is that? 50% there. It is right there. 50% level
515 |332 |00:31:27 ~-~-> 00:31:33 |there. So above this level, we have this gap here, which is what it's we've
516 |333 |00:31:33 ~-~-> 00:31:36 |already traded to. But this one here, I like that one because it's also inside
517 |334 |00:31:36 ~-~-> 00:31:41 |of a breaker. See that now?
518 |335 |00:31:42 ~-~-> 00:31:47 |If we're using this reference point, do you remember when I taught you about the
519 |336 |00:31:47 ~-~-> 00:31:53 |breakers? What did I teach you about the breakers? I'll give you a minute and get
520 |337 |00:31:53 ~-~-> 00:32:01 |a drink real quick. It should be in your notes. If you have a breaker, which is a
521 |338 |00:32:01 ~-~-> 00:32:07 |high, low, higher high that blows out the buy side liquidity during the run
522 |339 |00:32:07 ~-~-> 00:32:10 |up, if you have a fair value gap in there, that's the one you want to focus
523 |340 |00:32:10 ~-~-> 00:32:14 |on. And you don't want to focus on just the down closed candles that make the
524 |341 |00:32:14 ~-~-> 00:32:19 |last bit of turn before the rally up, because this is technically your bearish
525 |342 |00:32:19 ~-~-> 00:32:26 |breaker here. But if you have a gap like that right there, that one could be a
526 |343 |00:32:26 ~-~-> 00:32:34 |potential inversion, fair Vega, so you have to highlight that and extend it
527 |344 |00:32:34 ~-~-> 00:32:41 |over. So we have this PDA right here, the breaker and the potential inversion
528 |345 |00:32:41 ~-~-> 00:32:48 |fair Vega that could draw price up to that, meaning that what we see here,
529 |346 |00:32:48 ~-~-> 00:32:55 |this was indicating the likely direction it would trade up to. And you have to
530 |347 |00:32:55 ~-~-> 00:33:00 |appreciate in the beginning and not punish yourself or tell yourself, this
531 |348 |00:33:00 ~-~-> 00:33:04 |isn't doing it. I'm not making any money doing this. This is foolishness. There
532 |349 |00:33:04 ~-~-> 00:33:07 |should be a button being pushed. There should be a stop loss recommended, or
533 |350 |00:33:07 ~-~-> 00:33:12 |something like that. You don't get to that level with confidence being able to
534 |351 |00:33:12 ~-~-> 00:33:15 |take the trade and hold on to a trade and not get scared out of it or put a
535 |352 |00:33:15 ~-~-> 00:33:19 |stop loss in the wrong place, until you do these types of things, and you have
536 |353 |00:33:19 ~-~-> 00:33:25 |to do it daily for weeks and months, and then you overcome that fear of I don't
537 |354 |00:33:25 ~-~-> 00:33:28 |know what's going to do, but I'm willing to press the button because I see
538 |355 |00:33:28 ~-~-> 00:33:31 |somebody on the live stream or ICT talked about something, they talked
539 |356 |00:33:31 ~-~-> 00:33:34 |about a specific level. That means it's going to go right there right away. No,
540 |357 |00:33:34 ~-~-> 00:33:38 |that's where my interest is. And I want to then look for evidences and signs in
541 |358 |00:33:38 ~-~-> 00:33:43 |press delivery that it's going to probably reach there. But the first step
542 |359 |00:33:43 ~-~-> 00:33:47 |in you determining the direction or bias Caleb is when you're looking at when the
543 |360 |00:33:47 ~-~-> 00:33:51 |market's about to move, which is 830 news driver. Even if there isn't any
544 |361 |00:33:51 ~-~-> 00:33:55 |news, you still look for these same signatures here. It just means that if
545 |362 |00:33:55 ~-~-> 00:34:02 |there's a high impact or a medium impact news report due at 830 then it's going
546 |363 |00:34:02 ~-~-> 00:34:09 |to be a much more significant more the magnitude of the move and the speed of
547 |364 |00:34:09 ~-~-> 00:34:13 |the move will be that much more prevalent, because there is a higher,
548 |365 |00:34:13 ~-~-> 00:34:18 |medium impact news driver. If there is none, then we'll just start to see
549 |366 |00:34:18 ~-~-> 00:34:23 |prices start to move up to these levels. Okay, it's not 100% but out of 100%
550 |367 |00:34:24 ~-~-> 00:34:28 |you're probably in 80% or higher. That that's the right direction initially. So
551 |368 |00:34:28 ~-~-> 00:34:31 |if you're a scalper, if you're looking for something to get in there and just
552 |369 |00:34:31 ~-~-> 00:34:38 |make a run on some movement in handles and or in forex pips, this is what you
553 |370 |00:34:38 ~-~-> 00:34:42 |do. Okay, you look for these types of signatures, these evidences that the
554 |371 |00:34:42 ~-~-> 00:34:47 |market is going to want to do this type of thing, and it gravitates to it. It's
555 |372 |00:34:47 ~-~-> 00:34:53 |like a magnet pooling price there. Okay, so I just want to real quick add these
556 |373 |00:34:53 ~-~-> 00:34:58 |things on the chart, just as lipstick. I'll do this. I'm.
557 |374 |00:35:04 ~-~-> 00:35:09 |And we'll do this
558 |375 |00:35:18 ~-~-> 00:35:21 |whenever you see a fair value you got this highlighted in this shade of
559 |376 |00:35:21 ~-~-> 00:35:27 |orange. That's that's my way of reminding myself, as I'm talking to my
560 |377 |00:35:27 ~-~-> 00:35:32 |son, or you if I'm in a video, or if I share a trade, you should already know
561 |378 |00:35:32 ~-~-> 00:35:37 |that I'm viewing that as an inversion. So if the market creates it as a buy
562 |379 |00:35:37 ~-~-> 00:35:41 |side and balance sales on efficiency, and it rallies up for someone that just
563 |380 |00:35:41 ~-~-> 00:35:44 |watches a five minute trainer video from somebody else that watches my stuff and
564 |381 |00:35:44 ~-~-> 00:35:48 |thinks they understand it, or watches me do something with a concept of
565 |382 |00:35:49 ~-~-> 00:35:52 |introduced, they'll think, Okay, well, this, when it drops back down here,
566 |383 |00:35:52 ~-~-> 00:35:57 |that's a buy. No, it's not. No, it's not. All we did was go up and did a new
567 |384 |00:35:57 ~-~-> 00:36:01 |week, opening gap, traded at a high, wick through it a few times, doing the
568 |385 |00:36:01 ~-~-> 00:36:08 |damage, and then we displace lower. That's not a buy, okay, so with that, we
569 |386 |00:36:08 ~-~-> 00:36:10 |can now go into
570 |387 |00:36:14 ~-~-> 00:36:16 |where's my lower charts I'm
571 |388 |00:36:22 ~-~-> 00:36:24 |Let me maximize this one.
572 |389 |00:36:27 ~-~-> 00:36:29 |So here's a 15 second chart. And
573 |390 |00:36:34 ~-~-> 00:36:41 |there's some of you don't have the ability to see this real time, but
574 |391 |00:36:41 ~-~-> 00:36:49 |here's 830 right there. Bang. It opens and quickly runs in 15 seconds, the
575 |392 |00:36:49 ~-~-> 00:36:59 |market travels from 17,009 86 and three quarters to 18,089 huge, huge amount of
576 |393 |00:36:59 ~-~-> 00:37:04 |displacement. And if you don't know what you're doing and you're gambling that
577 |394 |00:37:04 ~-~-> 00:37:07 |type of run, especially if you're trying to do these funded account company
578 |395 |00:37:07 ~-~-> 00:37:11 |challenges, and they're offering you a maximum five contracts on their on their
579 |396 |00:37:11 ~-~-> 00:37:17 |lowest thing, and your risk is is maximum 3000 Don't hold me these
580 |397 |00:37:17 ~-~-> 00:37:20 |numbers. I just I'm just trying to remember what Cameron and Caleb were
581 |398 |00:37:20 ~-~-> 00:37:24 |having to deal with when they were trying to do these things. But I think
582 |399 |00:37:24 ~-~-> 00:37:27 |it's $3,000 if it's if it's not something close to that, but they
583 |400 |00:37:27 ~-~-> 00:37:32 |offered like, you can trade with five contracts, or on the larger ones, you
584 |401 |00:37:32 ~-~-> 00:37:36 |can trade with 15 contracts, and that's guaranteeing you're going to blow out.
585 |402 |00:37:36 ~-~-> 00:37:39 |And then you have to pay a reset fee, and they don't have to pay you out
586 |403 |00:37:39 ~-~-> 00:37:43 |anything, because you you you failed. So you just keep paying the transaction
587 |404 |00:37:43 ~-~-> 00:37:48 |fees, and that's how they make their money. Well, on the 15 second chart, we
588 |405 |00:37:48 ~-~-> 00:37:55 |can see it. It runs into Wednesday's New Day opening gap, Tuesday's New Day
589 |406 |00:37:55 ~-~-> 00:38:02 |opening gap, and then we have this fairway gap that is above equilibrium on
590 |407 |00:38:02 ~-~-> 00:38:05 |the price run that's dropped since Wednesday's high.
591 |408 |00:38:12 ~-~-> 00:38:17 |And here we have price rally up, come back down. Look at the overlapping of
592 |409 |00:38:17 ~-~-> 00:38:23 |this candles high, and the next calendar we open, we trade down. Where's the
593 |410 |00:38:23 ~-~-> 00:38:27 |trade to consequent encroachment on Wednesday's New Day opening gap, you see
594 |411 |00:38:27 ~-~-> 00:38:32 |that that's this level right here. It touches it right there, and then rallies
595 |412 |00:38:32 ~-~-> 00:38:37 |leaving. What a fair value gap. What kind this is a buy side and balance sell
596 |413 |00:38:37 ~-~-> 00:38:40 |side and efficiency. So if it's likely to keep going higher, because it's going
597 |414 |00:38:40 ~-~-> 00:38:45 |to dig into this one and maybe reach into this level. We don't need to know
598 |415 |00:38:45 ~-~-> 00:38:50 |right away, but because we have this potential new day opening gap, we can
599 |416 |00:38:50 ~-~-> 00:38:54 |draw up into there's range between trading on this fair value gap and
600 |417 |00:38:54 ~-~-> 00:39:01 |reprice two. And how far can it overshoot this gap? We'll look at the
601 |418 |00:39:01 ~-~-> 00:39:06 |overlapping of here, where this body and this body agree the top of that one and
602 |419 |00:39:06 ~-~-> 00:39:12 |the low of that one. That right there is a PD array, one of the 81 that
603 |420 |00:39:12 ~-~-> 00:39:17 |supposedly, I don't have it can touch that perfectly. What's the open on that
604 |421 |00:39:19 ~-~-> 00:39:26 |18,081 and a half, what's the low on that candle? 18,081 and a half, perfect,
605 |422 |00:39:27 ~-~-> 00:39:35 |perfect. And then it rallies. What does it create? Small, little volume and
606 |423 |00:39:35 ~-~-> 00:39:41 |bounce inside of and real close to, what? What's, what's between these two
607 |424 |00:39:41 ~-~-> 00:39:51 |levels here I sound a balance sell side inefficiency. So we want to see it form
608 |425 |00:39:51 ~-~-> 00:39:55 |support, or an inability trade to the midpoint of it. Or if it does, it needs
609 |426 |00:39:55 ~-~-> 00:39:58 |to repel it immediately. That looks like this. I'm.
610 |427 |00:40:01 ~-~-> 00:40:03 |I see every time I do that, it jumps.
611 |428 |00:40:07 ~-~-> 00:40:14 |So here's consequent approachency. We trade down to some random quadrant
612 |429 |00:40:14 ~-~-> 00:40:21 |level. See that, and then what does it do? It routes. This is good. This is
613 |430 |00:40:21 ~-~-> 00:40:25 |good because it leaves this volume and balance open, and it doesn't come back
614 |431 |00:40:25 ~-~-> 00:40:31 |down to the midpoint and starts around then the market creates every little
615 |432 |00:40:31 ~-~-> 00:40:36 |down close candle needs to support price, because that means it's acting as
616 |433 |00:40:36 ~-~-> 00:40:40 |a bullish order block, until we get above here, and it does, and trace it a
617 |434 |00:40:40 ~-~-> 00:40:44 |higher that New Day opening gap on Tuesday, which you derive that
618 |435 |00:40:44 ~-~-> 00:40:48 |information from Monday at 6pm and the difference between Monday at 5pm to
619 |436 |00:40:48 ~-~-> 00:40:54 |closing price market trades back down into down closed candles here, just
620 |437 |00:40:54 ~-~-> 00:41:00 |outside of the Tuesday's New Day opening got low, hammering around back, back and
621 |438 |00:41:00 ~-~-> 00:41:06 |forth inside here, if this falters and fails and goes below this candle is low
622 |439 |00:41:08 ~-~-> 00:41:15 |to me, stand aside until 930 opening. Don't try to Mickey Mouse and play games
623 |440 |00:41:15 ~-~-> 00:41:20 |with it, because it probably hurt you. I'm I
624 |441 |00:41:27 ~-~-> 00:41:30 |challenge figure out what this level was here.
625 |442 |00:41:39 ~-~-> 00:41:43 |It's the midpoint of the overall range. So I was like, Oh, what is that line?
626 |443 |00:41:45 ~-~-> 00:41:55 |It's the measurement of that high on Wednesday to the low of yesterday. So
627 |444 |00:41:56 ~-~-> 00:42:01 |distracting. But while you have these levels in mind, and when they're in
628 |445 |00:42:01 ~-~-> 00:42:08 |close proximity, you want to have these on your chart for trade purposes. You
629 |446 |00:42:09 ~-~-> 00:42:11 |don't have to have every single one of them on your chart that you're going to
630 |447 |00:42:11 ~-~-> 00:42:14 |operate on. So again, as I was mentioning yesterday, you want to see
631 |448 |00:42:14 ~-~-> 00:42:21 |them on a layout that you can refer back to that's outside of your operating
632 |449 |00:42:21 ~-~-> 00:42:27 |trading layout. So over here, like where I have live trading this, this could be
633 |450 |00:42:28 ~-~-> 00:42:37 |labeled as New Day opening gap template, okay, or it could be new week opening
634 |451 |00:42:37 ~-~-> 00:42:40 |gaps and New Day opening gaps. If you want to have a lot of stuff on your
635 |452 |00:42:40 ~-~-> 00:42:43 |chart and you're comfortable with navigating all that, you can navigating
636 |453 |00:42:43 ~-~-> 00:42:46 |all that you can put them both on there. I personally don't recommend doing that,
637 |454 |00:42:46 ~-~-> 00:42:51 |but, you know, I'm affording you your own personality to be implemented here.
638 |455 |00:42:51 ~-~-> 00:42:56 |So I'm not trying to say this is the best way to do it. It's up to you how
639 |456 |00:42:56 ~-~-> 00:42:59 |you want to annotate your charts. I'm just saying that this is how I'm
640 |457 |00:42:59 ~-~-> 00:43:04 |coaching my son to do it. So that way his charts will look easy to me and
641 |458 |00:43:04 ~-~-> 00:43:08 |understanding what he saw annotating, because it's something I've instructed
642 |459 |00:43:08 ~-~-> 00:43:12 |him to do this way. So That way we're not trying to make it harder for me,
643 |460 |00:43:12 ~-~-> 00:43:20 |because I'm a little older and can tankers now being 52 so here we have a
644 |461 |00:43:20 ~-~-> 00:43:22 |potential, immediate rebalance.
645 |462 |00:43:38 ~-~-> 00:43:46 |Yeah, my bones are telling me I'm 52 today. I All right, so the initial run
646 |463 |00:43:47 ~-~-> 00:43:52 |from 830 unless you were already positioned long from early on, and
647 |464 |00:43:52 ~-~-> 00:43:57 |you're just using it for a momentum run, like trying to get to a higher Time
648 |465 |00:43:57 ~-~-> 00:44:03 |Frame objective, above the marketplace, your ability to get into move, you know,
649 |466 |00:44:03 ~-~-> 00:44:08 |move like 100 handles in just like 15 seconds. You're not, you're not going to
650 |467 |00:44:08 ~-~-> 00:44:14 |be able to pull that off, okay, using the ideas that just outlined when you're
651 |468 |00:44:14 ~-~-> 00:44:17 |in the 15 second chart. That's the closest thing that could have been
652 |469 |00:44:17 ~-~-> 00:44:21 |implemented for me, and I'm ICT, so that's the, that's the best I could have
653 |470 |00:44:21 ~-~-> 00:44:26 |pulled off using the information that, as I taught yesterday, that draw would
654 |471 |00:44:26 ~-~-> 00:44:32 |be deciphered and determined based on where the market was at right before the
655 |472 |00:44:32 ~-~-> 00:44:38 |news driver hits, and then that means I have more probability that the market's
656 |473 |00:44:38 ~-~-> 00:44:42 |going to expand higher. Why? Because I taught you yesterday. Go back and listen
657 |474 |00:44:42 ~-~-> 00:44:47 |to it again. If you didn't listen to it, go in and listen to how I explained. If
658 |475 |00:44:47 ~-~-> 00:44:53 |you start looking at a chart or a layout that has these new day opening gaps, and
659 |476 |00:44:53 ~-~-> 00:44:57 |you start seeing clustering above it, above wherever you're at, waiting for a
660 |477 |00:44:57 ~-~-> 00:45:04 |setup to form. When. Between seven o'clock, eight o'clock and nine o'clock?
661 |478 |00:45:04 ~-~-> 00:45:08 |Well, we have a sweet little cherry on top with the fact that we have a news
662 |479 |00:45:08 ~-~-> 00:45:11 |driver today at 830 so that means the attention and focus is going to be.
663 |480 |00:45:11 ~-~-> 00:45:15 |Where is it going to be in the first 30 minutes of seven o'clock, Eastern Time?
664 |481 |00:45:16 ~-~-> 00:45:21 |No, it's going to be ahead of eight o'clock. No, it's going to be right at
665 |482 |00:45:21 ~-~-> 00:45:27 |830 why? Because the economic calendar is your TV Guide to the next important
666 |483 |00:45:27 ~-~-> 00:45:33 |event to watch on TV. Okay, so we're watching price like television. Our
667 |484 |00:45:33 ~-~-> 00:45:38 |interest is peak wind at 830 because the new driver is going to happen and that
668 |485 |00:45:38 ~-~-> 00:45:43 |volatility that will be introduced. Why? Because the market is going to spoil.
669 |486 |00:45:43 ~-~-> 00:45:51 |It's going to run real quick. Look at your time and sales data. At 830 look at
670 |487 |00:45:51 ~-~-> 00:45:59 |it at 829, at 828-820-7825. How much buying was taking place there? How much
671 |488 |00:45:59 ~-~-> 00:46:08 |buying took place in the run up in this just one single candle at 830 you're not
672 |489 |00:46:08 ~-~-> 00:46:13 |going to see a an exorbitant number of contracts. It's the fact that it's being
673 |490 |00:46:13 ~-~-> 00:46:17 |repriced there aggressively. So how's that happening? The price engines.
674 |491 |00:46:17 ~-~-> 00:46:22 |That's an algorithmic artifact. It's it's something that is driven by
675 |492 |00:46:22 ~-~-> 00:46:28 |automation. It matters not how many buying of of the asset or contracts, or
676 |493 |00:46:28 ~-~-> 00:46:31 |if it's a stock, it doesn't matter how many shares are being bought. It's going
677 |494 |00:46:31 ~-~-> 00:46:37 |to be pushed up there, and then when it's at these lofty price levels, then
678 |495 |00:46:38 ~-~-> 00:46:43 |it's your it's your task to see, does it justify being there? And if there's
679 |496 |00:46:43 ~-~-> 00:46:48 |reasons to see it sustain a run higher, then you don't look at anything that
680 |497 |00:46:48 ~-~-> 00:46:53 |would otherwise look like a reversal pattern. You cancel that out, and you
681 |498 |00:46:53 ~-~-> 00:46:58 |look for continuation, which is very, very hard to do when you're brand new.
682 |499 |00:47:00 ~-~-> 00:47:06 |When you look at runs like this, it's hard not to feel like, okay, I'm looking
683 |500 |00:47:06 ~-~-> 00:47:11 |at indicators, and it's all these divergences bearishly, so I'm afraid to
684 |501 |00:47:11 ~-~-> 00:47:16 |do anything going long. And when you're brand new and you don't know anything at
685 |502 |00:47:16 ~-~-> 00:47:21 |all, that's why it's important to not have any opinion. So the only thing you
686 |503 |00:47:21 ~-~-> 00:47:25 |can do is, in the beginning, you annotate your chart, as I annotate
687 |504 |00:47:25 ~-~-> 00:47:30 |indicated for you here, and then you study it, and you watch it, and you
688 |505 |00:47:30 ~-~-> 00:47:34 |observe. And when you see things that are interesting, you screenshot it and
689 |506 |00:47:35 ~-~-> 00:47:39 |make a quick note. You have to have a pad and a pen or pencil next to you, and
690 |507 |00:47:39 ~-~-> 00:47:44 |you write down, you know, the screenshot I took at 857 you know, on the one
691 |508 |00:47:44 ~-~-> 00:47:49 |minute chart, you know, what was your concern there? There's a fair value gap
692 |509 |00:47:49 ~-~-> 00:47:52 |here. It was like a buy side of balance sales and efficiency. And there's a fair
693 |510 |00:47:52 ~-~-> 00:47:56 |value gap a little bit higher in price. Is it going to go into this and then
694 |511 |00:47:56 ~-~-> 00:48:01 |propel up into this level here? Is it going to do that? Is it going to do it
695 |512 |00:48:01 ~-~-> 00:48:05 |before 930 or does it want to retrace and clean up these relative equal lows,
696 |513 |00:48:05 ~-~-> 00:48:09 |disrupt that and then run up there? Or does it completely fall out of bed and
697 |514 |00:48:09 ~-~-> 00:48:14 |trade back down into this imbalance here to the low of Wednesday's new date
698 |515 |00:48:14 ~-~-> 00:48:18 |opening gap? See, these are all questions when you're brand new. These
699 |516 |00:48:18 ~-~-> 00:48:23 |are all things that you can study and you have no monetary risk involved. And
700 |517 |00:48:23 ~-~-> 00:48:27 |by doing these types of things, it it desensitizes yourself to needing to be
701 |518 |00:48:27 ~-~-> 00:48:30 |right in the beginning, because you're not going to be right. You don't know
702 |519 |00:48:30 ~-~-> 00:48:35 |what what you're going to see you're learning. And by watching price do these
703 |520 |00:48:35 ~-~-> 00:48:40 |things day after day, week after week, for months, you're going to pick up on
704 |521 |00:48:40 ~-~-> 00:48:45 |things that I've talked about in lectures, but it didn't mean anything to
705 |522 |00:48:45 ~-~-> 00:48:52 |you because you haven't saw price action repeat. You haven't seen it repeat
706 |523 |00:48:52 ~-~-> 00:48:56 |rather over and over and over again, and then it means something to you. It
707 |524 |00:48:56 ~-~-> 00:49:00 |resonates with you then, whereas right now, you don't know what it's doing. You
708 |525 |00:49:00 ~-~-> 00:49:04 |don't know what to expect. If I had nothing on my charts, it would be, it
709 |526 |00:49:04 ~-~-> 00:49:07 |would be completely alien to you. Wouldn't have any idea what it what's
710 |527 |00:49:07 ~-~-> 00:49:11 |what's it trying to do. Why would it have gone up here? If I wouldn't have
711 |528 |00:49:11 ~-~-> 00:49:16 |gave you that lecture yesterday in a live stream, you could not sit here in
712 |529 |00:49:16 ~-~-> 00:49:19 |agreement and say, Yeah, this is what you said yesterday. This is what it will
713 |530 |00:49:19 ~-~-> 00:49:25 |likely do, and this is what it did. Okay? So now, what do you do with it
714 |531 |00:49:25 ~-~-> 00:49:32 |when the market has already traded in a manner where it has then set up the
715 |532 |00:49:32 ~-~-> 00:49:38 |likelihood that, if it's bullish, okay, if it's going to likely press into an
716 |533 |00:49:38 ~-~-> 00:49:42 |area above the marketplace where you're watching price form a potential setup.
717 |534 |00:49:42 ~-~-> 00:49:47 |In other words, the key times when you're hunting a setup, what happens if
718 |535 |00:49:47 ~-~-> 00:49:52 |it would have done something where it at 825 it had dropped down into a fair
719 |536 |00:49:52 ~-~-> 00:50:00 |value gap, and then going into 830 what would have been potentially. Available
720 |537 |00:50:00 ~-~-> 00:50:06 |to you. You could have traded into that news data as it dropped down to the fair
721 |538 |00:50:06 ~-~-> 00:50:13 |value gap, buying that anticipating this type of run, but because we were between
722 |539 |00:50:13 ~-~-> 00:50:17 |two new day opening gaps, and there was no real inefficiency to think of in
723 |540 |00:50:17 ~-~-> 00:50:22 |terms of trusting it. Yeah, you had a bias that's based on what I taught
724 |541 |00:50:22 ~-~-> 00:50:28 |yesterday, that it would likely go higher. But as a new developing student
725 |542 |00:50:28 ~-~-> 00:50:32 |or trader, you don't want to gamble on that, because you're like, just saying,
726 |543 |00:50:32 ~-~-> 00:50:36 |Okay, I want to test this theory, and if it's good, I'm going to make money on
727 |544 |00:50:36 ~-~-> 00:50:41 |it. But you have to understand that if you're testing this, and you're
728 |545 |00:50:41 ~-~-> 00:50:45 |observing it, and you're doing practice drills with watching price action tape,
729 |546 |00:50:45 ~-~-> 00:50:48 |reading it. You're not even demo trading it. There's no paper trade execution.
730 |547 |00:50:49 ~-~-> 00:50:53 |You're teaching yourself to trust your anticipatory price reading skills.
731 |548 |00:50:54 ~-~-> 00:50:58 |Reading price, anticipating that it's going to behave a certain way. You can't
732 |549 |00:50:58 ~-~-> 00:51:03 |rush this part of it. You gotta watch it, see it. And this is the part of the
733 |550 |00:51:03 ~-~-> 00:51:11 |walk forward. So three, two and one. Lecture of this mentorship is basically
734 |551 |00:51:12 ~-~-> 00:51:16 |the back testing, how to log, how to look for certain things and observe how
735 |552 |00:51:16 ~-~-> 00:51:21 |the market behaves. This is what you're doing when you're walking forward. So
736 |553 |00:51:21 ~-~-> 00:51:24 |that way, if you're a little bit further along in understanding, you don't have
737 |554 |00:51:24 ~-~-> 00:51:29 |to go at the snail pace that I'm forcing Caleb to go through because he doesn't
738 |555 |00:51:29 ~-~-> 00:51:34 |have this silk, this skill set strong enough, yet nowhere near where most of
739 |556 |00:51:34 ~-~-> 00:51:38 |my students had been with him for a while. They could read price action
740 |557 |00:51:38 ~-~-> 00:51:41 |better than him. Just because he's my son doesn't make him better than
741 |558 |00:51:41 ~-~-> 00:51:46 |majority of you. He really isn't that good, but he's he's making an effort to
742 |559 |00:51:46 ~-~-> 00:51:51 |get good at it, so that way he can make money and and, you know, carve out his
743 |560 |00:51:51 ~-~-> 00:51:59 |way with actual trades and not rely only on his income. So this is like a
744 |561 |00:51:59 ~-~-> 00:52:03 |beginning. This this lecture and Friday's lecture again, will be all
745 |562 |00:52:03 ~-~-> 00:52:07 |based on walking forward, what you're supposed to be doing, what you're
746 |563 |00:52:07 ~-~-> 00:52:11 |supposed to be looking for, how to weigh out factors that will help build a
747 |564 |00:52:11 ~-~-> 00:52:19 |routine or guidance that helps you refer to it as a process or procedure. This is
748 |565 |00:52:19 ~-~-> 00:52:23 |what we do every time we sit in front of the charts, we start like this. We look
749 |566 |00:52:23 ~-~-> 00:52:29 |for things like this, and then we take the experience of watching it, logging
750 |567 |00:52:29 ~-~-> 00:52:36 |it. And when you do that, what are you doing? You're making price action the
751 |568 |00:52:36 ~-~-> 00:52:42 |same thing as if you went out and bought a brand new Ashton Martin or a new
752 |569 |00:52:42 ~-~-> 00:52:48 |rolls, Royce, ghost or Wraith, or Lamborghini or Bugatti, or whatever,
753 |570 |00:52:48 ~-~-> 00:52:50 |whatever car that tickles your fancy.
754 |571 |00:52:52 ~-~-> 00:52:56 |Suddenly, your eye is keyed up on that car, and you're when you see it out in
755 |572 |00:52:56 ~-~-> 00:53:00 |public. If someone else has it again, you'll say, Wow, that's my car. Or
756 |573 |00:53:00 ~-~-> 00:53:04 |that's like my car, they must have bought one when I bought one. And it's
757 |574 |00:53:04 ~-~-> 00:53:08 |just because now you've made it significant to you. You've opened up
758 |575 |00:53:08 ~-~-> 00:53:12 |your mind and activated your reticular activating system, meaning that you've
759 |576 |00:53:12 ~-~-> 00:53:18 |added significance to this. You've added significance to reading price when it
760 |577 |00:53:18 ~-~-> 00:53:22 |makes these certain things or these characteristics. And therefore, because
761 |578 |00:53:22 ~-~-> 00:53:27 |you're journaling them, you're continuously adding significance to the
762 |579 |00:53:27 ~-~-> 00:53:31 |importance of understanding what these formations at the time of day that they
763 |580 |00:53:31 ~-~-> 00:53:35 |form. What do you think is going to happen when you look at a new chart,
764 |581 |00:53:35 ~-~-> 00:53:39 |when it's ticking real time? You're going to notice your your you're going
765 |582 |00:53:39 ~-~-> 00:53:42 |to notice your car, right? You're going to notice your setup, your pattern, the
766 |583 |00:53:42 ~-~-> 00:53:47 |thing that you have built affinity for and around because you have spent time
767 |584 |00:53:47 ~-~-> 00:53:51 |caring about it by journaling. Now, if you're just going to sit back and and
768 |585 |00:53:51 ~-~-> 00:53:56 |have an attitude that has, yeah, I know it's four minutes after nine, I got to
769 |586 |00:53:56 ~-~-> 00:54:01 |get this part out entirely. And I'm I'm going to hope my wife's grace is a
770 |587 |00:54:01 ~-~-> 00:54:05 |little bit more lenient, because it's my birthday, but I have to make this point,
771 |588 |00:54:06 ~-~-> 00:54:09 |the fact that you're watching price and you're journaling it, not just looking
772 |589 |00:54:09 ~-~-> 00:54:14 |at it blindly like a deer in headlights, confused and scared and wondering what
773 |590 |00:54:14 ~-~-> 00:54:18 |it's going to do and or not pressing the button to try to chase a price run.
774 |591 |00:54:18 ~-~-> 00:54:25 |You're looking at it with the intent, purpose of logging things that are
775 |592 |00:54:25 ~-~-> 00:54:30 |important to you that you want to study and see if it pans out. And you're
776 |593 |00:54:30 ~-~-> 00:54:36 |noticing how fast the price runs move if they fail. What did it look like before
777 |594 |00:54:36 ~-~-> 00:54:41 |it fails? And how much does it how much does it run against you before it
778 |595 |00:54:41 ~-~-> 00:54:46 |delivers to where you studied to see if it can reach for now, I have this fair
779 |596 |00:54:46 ~-~-> 00:54:53 |value gap up here, and it may not get there. If it doesn't get there, I don't
780 |597 |00:54:53 ~-~-> 00:54:58 |care, because the idea of the lecture and the thought process behind
781 |598 |00:54:58 ~-~-> 00:55:02 |yesterday's teaching deliver. Are like gangbusters today, right in front of you
782 |599 |00:55:02 ~-~-> 00:55:07 |in a live stream, the side of the marketplace that I gave you the rules on
783 |600 |00:55:07 ~-~-> 00:55:14 |yesterday, the guidance, the process and protocol delivered today. There was no
784 |601 |00:55:14 ~-~-> 00:55:19 |reason to enter beforehand, because it was not in an area where it could be
785 |602 |00:55:19 ~-~-> 00:55:25 |trusted, and there wasn't any drop down rate before 830 which would have been a
786 |603 |00:55:25 ~-~-> 00:55:28 |little bit more indicative of, okay, that would be where I would trade. I
787 |604 |00:55:28 ~-~-> 00:55:33 |would I would trade in that because I anticipate the market wants to trade up
788 |605 |00:55:33 ~-~-> 00:55:37 |into these inefficiencies that have already been crossed over by price
789 |606 |00:55:37 ~-~-> 00:55:42 |action. So again, we're not doing supply and demand. We're not trading support
790 |607 |00:55:42 ~-~-> 00:55:47 |and resistance. We're trading old reference points in inefficiency for the
791 |608 |00:55:47 ~-~-> 00:55:54 |express purpose of seeing it engage and liquidate traders. That's liquidity.
792 |609 |00:55:55 ~-~-> 00:55:59 |Where has the money been made prior to 830 where's the money been made? Being
793 |610 |00:55:59 ~-~-> 00:56:08 |short. So if there is a huge bias to the market wanting to reach up into where
794 |611 |00:56:08 ~-~-> 00:56:11 |the new day opening gaps are and a new week opening gap, what does that mean?
795 |612 |00:56:12 ~-~-> 00:56:15 |The pain is going to be placed on the shorts, and that means the market's
796 |613 |00:56:15 ~-~-> 00:56:20 |going to rally. You may or may not have an opportunity to get involved in it,
797 |614 |00:56:20 ~-~-> 00:56:24 |and when it starts off as it did right before 830 that's one where you just
798 |615 |00:56:24 ~-~-> 00:56:28 |simply have to wait, and you drop down into a 15 second chart, and then you
799 |616 |00:56:28 ~-~-> 00:56:33 |trade the the inefficiencies and or the First Order block that will support that
800 |617 |00:56:33 ~-~-> 00:56:39 |idea, in this case, is likely go up into the Tuesday, New day, new day opening
801 |618 |00:56:39 ~-~-> 00:56:44 |gap, which it's done. It's working above it here, it still might fail. It still
802 |619 |00:56:44 ~-~-> 00:56:48 |could very well fail and go down back into Wednesday's New Day, opening gap
803 |620 |00:56:48 ~-~-> 00:56:53 |high, perfectly reasonable. It could still do that, and then still trade
804 |621 |00:56:53 ~-~-> 00:56:58 |after 930 and trade up to here. It could do that. So all these things come with
805 |622 |00:56:58 ~-~-> 00:57:02 |experience and weighing out. Okay, what's the probability? What time is it
806 |623 |00:57:02 ~-~-> 00:57:09 |right now? It's seven minutes after nine. Is that? Is that conducive for a
807 |624 |00:57:09 ~-~-> 00:57:15 |significant, sharp price run? When you have, in 22 minutes or so, the opening
808 |625 |00:57:15 ~-~-> 00:57:19 |bell, we're going to have that initial volatility, and you have the opening
809 |626 |00:57:19 ~-~-> 00:57:23 |range of 30 minutes that could easily trade all the way back down here and
810 |627 |00:57:23 ~-~-> 00:57:27 |give the impression that it's completely failed and fell on out of bed, and it
811 |628 |00:57:27 ~-~-> 00:57:31 |could never go back up here to this high again, and it could rip their face off,
812 |629 |00:57:31 ~-~-> 00:57:35 |for anyone that tries to fade that. So it's a whole lot of it's like I've said
813 |630 |00:57:35 ~-~-> 00:57:40 |it before when I was doing Twitter spaces and and other lectures too. It's
814 |631 |00:57:40 ~-~-> 00:57:45 |many times like plate spinning. And it's usually where a guy has a dowel rod, a
815 |632 |00:57:45 ~-~-> 00:57:50 |wooden dowel rod, and plates, china plates, and he spends the plate on top
816 |633 |00:57:50 ~-~-> 00:57:54 |this single dowel rod. And he has like 2030, of them gone on the stage, and he
817 |634 |00:57:54 ~-~-> 00:57:57 |has to constantly run around to the ones that are starting to slow down, and he
818 |635 |00:57:57 ~-~-> 00:58:01 |don't want anything to fall and break. That's what you're doing. In the
819 |636 |00:58:01 ~-~-> 00:58:06 |beginning, you feel like a plate spinner because you're trying to find the end
820 |637 |00:58:06 ~-~-> 00:58:10 |that's profitable, but you don't want to break any plates in the process. When
821 |638 |00:58:10 ~-~-> 00:58:12 |I'm telling you, it's like making an omelet, you're going to have to break
822 |639 |00:58:12 ~-~-> 00:58:16 |some eggs for you to understand how to make a good omelet. You got to break
823 |640 |00:58:16 ~-~-> 00:58:21 |them, and you have to screw up a few times. And that's where your learning
824 |641 |00:58:21 ~-~-> 00:58:23 |comes from. A good see, in the beginning, you're thinking, I got to
825 |642 |00:58:23 ~-~-> 00:58:28 |avoid losing, that's, that's, that's success, that's winning. I have to avoid
826 |643 |00:58:28 ~-~-> 00:58:32 |doing it wrong, otherwise I'm going to fail. And I'm telling you, you have to
827 |644 |00:58:32 ~-~-> 00:58:36 |fail in the beginning to see what you're doing wrong and not look at it as a way
828 |645 |00:58:36 ~-~-> 00:58:42 |of, oh, I'm never going to get there. I failed a lot. I've done a lot of things
829 |646 |00:58:42 ~-~-> 00:58:45 |in the beginning where I thought for sure this was going to this was going to
830 |647 |00:58:45 ~-~-> 00:58:51 |be the thing, and that indicator didn't lend me anything but more drawdown. I
831 |648 |00:58:51 ~-~-> 00:58:56 |would try a new, new study method, or I would follow somebody that was hot and
832 |649 |00:58:56 ~-~-> 00:59:01 |important back then in the 90s, and I would lose money with Larry Williams
833 |650 |00:59:01 ~-~-> 00:59:07 |stuff, you know, I tried to do his, his one 900 you know, his calls for the S, P
834 |651 |00:59:07 ~-~-> 00:59:12 |in the bond market, and I would lose money, you know, I personally couldn't
835 |652 |00:59:12 ~-~-> 00:59:15 |make it work for me. That's all I'm saying. And does that mean that he
836 |653 |00:59:15 ~-~-> 00:59:18 |didn't make money using it? No, it just means that when I tried to use it for
837 |654 |00:59:18 ~-~-> 00:59:25 |myself, I couldn't make it work. So because of that, I didn't stick with it.
838 |655 |00:59:27 ~-~-> 00:59:30 |I would do a couple weeks, and with the I wouldn't do anything with it.
839 |656 |00:59:30 ~-~-> 00:59:34 |Basically what most of my students, when they first come here, they try to they
840 |657 |00:59:34 ~-~-> 00:59:37 |listen to the lectures, they hear me talk and cheerlead them on. They like,
841 |658 |00:59:37 ~-~-> 00:59:40 |Hey, this guy can really talk a good game. I'm inspired. I'm gonna go out
842 |659 |00:59:40 ~-~-> 00:59:44 |there and run out there and get successful, and then they realize, oh,
843 |660 |00:59:44 ~-~-> 00:59:48 |this is kind of boring, like this. This is not all that exciting. I gotta do all
844 |661 |00:59:48 ~-~-> 00:59:52 |this, man, there's gotta be an easier way to make money. And then they start
845 |662 |00:59:52 ~-~-> 00:59:56 |looking at people that have indicators or signal services or whatnot. And then
846 |663 |00:59:56 ~-~-> 01:00:02 |they do the very thing that I did when I was 20. My impatience got the better of
847 |664 |01:00:02 ~-~-> 01:00:06 |me, and I just wanted to make money. And I'm telling you, that's not how you do
848 |665 |01:00:06 ~-~-> 01:00:12 |it. It sounds counterintuitive and counterproductive, but you have to do
849 |666 |01:00:12 ~-~-> 01:00:17 |these things here, and then once you get the skill set and knowing that you can
850 |667 |01:00:17 ~-~-> 01:00:23 |trust yourself and you can read price action, no one can take it from you if
851 |668 |01:00:23 ~-~-> 01:00:27 |you make a mistake, or if you if you do a trade incorrectly and you made it
852 |669 |01:00:27 ~-~-> 01:00:32 |public, you they might troll you for that trade, but they that doesn't strip
853 |670 |01:00:32 ~-~-> 01:00:37 |you of your ability or prowess to be able to do again and profitably and
854 |671 |01:00:37 ~-~-> 01:00:40 |mitigate that drawing and make new equity highs while they're still trying
855 |672 |01:00:40 ~-~-> 01:00:43 |to figure out what you're doing to make money, and they're miserable, and
856 |673 |01:00:43 ~-~-> 01:00:46 |they're going around to the next person as soon as you win, they're going to go
857 |674 |01:00:46 ~-~-> 01:00:49 |to another person and control that, because they're miserable, because
858 |675 |01:00:49 ~-~-> 01:00:54 |misery loves company. So when you're watching price, you're trying not to
859 |676 |01:00:54 ~-~-> 01:00:58 |think about the highs and lows emotionally. If it goes down here,
860 |677 |01:00:58 ~-~-> 01:01:03 |that'll be demoralizing. I wasted all this time watching it from 830 to now.
861 |678 |01:01:03 ~-~-> 01:01:06 |You know, this is like 45 minutes almost, and the market's just sitting
862 |679 |01:01:06 ~-~-> 01:01:09 |around here like this. Well, that's what trading that's what trading is like,
863 |680 |01:01:09 ~-~-> 01:01:13 |folks, you just because you want to make money and you eventually pass a funded
864 |681 |01:01:13 ~-~-> 01:01:18 |account. It doesn't mean the market's going to say, Okay, well, Shirley has
865 |682 |01:01:18 ~-~-> 01:01:23 |put her time in, so we're gonna, we're gonna run real quick for her, because
866 |683 |01:01:23 ~-~-> 01:01:28 |she's in a trade, and she's, you know, she's, she deserves it. So let's just,
867 |684 |01:01:28 ~-~-> 01:01:33 |let's just all work towards making this fast and painless for Shirley. Shirley
868 |685 |01:01:33 ~-~-> 01:01:38 |needs to get a grip, because, anyhow, it works. This is a long, arduous task
869 |686 |01:01:38 ~-~-> 01:01:44 |where you're just gonna sit there and watch candlesticks meander around and
870 |687 |01:01:44 ~-~-> 01:01:48 |then eventually go against you or go in your favor. And what you're doing every
871 |688 |01:01:48 ~-~-> 01:01:52 |single candle is you're watching and weighing out. Does it support the
872 |689 |01:01:52 ~-~-> 01:01:57 |narrative that I underlyingly chose to get into as a trade? Is it still giving
873 |690 |01:01:57 ~-~-> 01:02:01 |me indications that what I would like to see pan out is it still potentially
874 |691 |01:02:01 ~-~-> 01:02:06 |there, as long as that is in play, you don't think about the opposite side.
875 |692 |01:02:06 ~-~-> 01:02:12 |Why? Because your stop loss would do its job. You're paying that stop loss to
876 |693 |01:02:12 ~-~-> 01:02:16 |protect you if it trades to a specific level that you don't want to be a part
877 |694 |01:02:16 ~-~-> 01:02:21 |of. If it goes beyond that, you're gonna you're gonna pay for that stop loss to
878 |695 |01:02:21 ~-~-> 01:02:25 |do its job, which is get you out at a loss, or at open profit, where you're
879 |696 |01:02:25 ~-~-> 01:02:28 |willing to say, Okay, I don't want to give more open profit than this. If it
880 |697 |01:02:28 ~-~-> 01:02:32 |goes to this level, I'm probably wrong, and that means I'm okay with being
881 |698 |01:02:32 ~-~-> 01:02:35 |wrong. But now it's at a point where I have to make a decision, and I don't
882 |699 |01:02:35 ~-~-> 01:02:38 |want to be focused on that decision every five seconds while the trades
883 |700 |01:02:38 ~-~-> 01:02:42 |going on. So you have to use a real stop, not a mental stop, because it will
884 |701 |01:02:42 ~-~-> 01:02:46 |make you mental when you lose 2030, 40% of your account, when a market move
885 |702 |01:02:46 ~-~-> 01:02:50 |comes and you didn't expect it, it blows you out and you didn't have stop loss,
886 |703 |01:02:53 ~-~-> 01:02:57 |you're mental, then you're literally going to go crazy, because it's a simple
887 |704 |01:02:57 ~-~-> 01:03:03 |thing. You place a stop loss. Place it. Place it not using a stop loss is
888 |705 |01:03:03 ~-~-> 01:03:06 |guaranteeing that you're going to fail eventually, given enough time, that
889 |706 |01:03:06 ~-~-> 01:03:13 |outcome always, always comes with failure. That means blown account, that
890 |707 |01:03:13 ~-~-> 01:03:17 |means back to square run, or you're completely not going to do it ever
891 |708 |01:03:17 ~-~-> 01:03:23 |again. So I'm looking at that volume imbalance right here, and the fact that
892 |709 |01:03:23 ~-~-> 01:03:29 |we came down and touched the top of the Tuesday New Day opening gap high. So we
893 |710 |01:03:29 ~-~-> 01:03:36 |have two little PD arrays inside of this order block there. So I want to see,
894 |711 |01:03:36 ~-~-> 01:03:42 |does it want to make a run for the high here and start squeezing towards that
895 |712 |01:03:42 ~-~-> 01:03:49 |Fairbank out there. It's already done enough for me today, where I can go
896 |713 |01:03:49 ~-~-> 01:03:52 |peacock in front of my wife. Tell her, I told him yesterday how I look for it.
897 |714 |01:03:53 ~-~-> 01:03:56 |Have determined which side it's going to run for, and it did it beautifully
898 |715 |01:03:56 ~-~-> 01:04:05 |today. And when you start seeing in the beginning, I gotta text my wife and tell
899 |716 |01:04:05 ~-~-> 01:04:08 |her I'm gonna be here until the opening bell, and she's gonna yell at me with
900 |717 |01:04:08 ~-~-> 01:04:20 |emojis. Give me a second. Dear honey, love of my life, my sunshine in the
901 |718 |01:04:20 ~-~-> 01:04:22 |morning. How much do I love you?
902 |719 |01:04:24 ~-~-> 01:04:36 |I will be down. Come on. I'll be down at 930 smack on that one. All
903 |720 |01:04:40 ~-~-> 01:04:44 |right, so when you're watching price action like this, walking forward,
904 |721 |01:04:46 ~-~-> 01:04:52 |you're observing certain things, anything that would make you feel
905 |722 |01:04:53 ~-~-> 01:04:57 |apprehensive, anything that would make you feel that would second guess your
906 |723 |01:04:57 ~-~-> 01:05:02 |expectations on what you think price might try. To do whenever you have that
907 |724 |01:05:02 ~-~-> 01:05:11 |in the early stages. Okay, don't. Don't shun those concerns. Write them down in
908 |725 |01:05:11 ~-~-> 01:05:15 |your your chart after you screenshot them. Okay, but you want to write that
909 |726 |01:05:15 ~-~-> 01:05:19 |real quick, briefly inside of your notepad, because you have to have a
910 |727 |01:05:19 ~-~-> 01:05:23 |notepad in a writing instrument when you're watching price, and you should do
911 |728 |01:05:23 ~-~-> 01:05:29 |that while you're actually trading too. But if you have something that you know
912 |729 |01:05:29 ~-~-> 01:05:33 |is a concern for you while you're watching price, deliver mind you in the
913 |730 |01:05:33 ~-~-> 01:05:37 |beginning, you're not even demoing it. You're not pushing a demo entry. You're
914 |731 |01:05:37 ~-~-> 01:05:42 |not trying to pick a entry point. You're not trying to know with great certainty
915 |732 |01:05:42 ~-~-> 01:05:45 |where your stop loss should be, that those are questions that need to be
916 |733 |01:05:45 ~-~-> 01:05:50 |answered later on, the initial stage of your development is sitting in front of
917 |734 |01:05:50 ~-~-> 01:05:57 |price action and watching how it behaves. I promise you, 99% of all the
918 |735 |01:05:57 ~-~-> 01:06:00 |instructors and mentor wannabes out there that are trying to sell
919 |736 |01:06:00 ~-~-> 01:06:04 |mentorships or teaching you stuff. They didn't do this part very long at all.
920 |737 |01:06:04 ~-~-> 01:06:09 |They went right into trying to demo and trying to demo and trying to demo and
921 |738 |01:06:09 ~-~-> 01:06:13 |then doing funded account challenges. And how much money did they spend on
922 |739 |01:06:13 ~-~-> 01:06:17 |funded account challenges versus how much money they've withdrawn? It would
923 |740 |01:06:17 ~-~-> 01:06:21 |be really interesting to see that come here, in contrast, if, for people that
924 |741 |01:06:21 ~-~-> 01:06:25 |do mentoring, if they do that kind of stuff, what would be the difference?
925 |742 |01:06:25 ~-~-> 01:06:28 |What's the split, the ratio between that? I think you'd be probably
926 |743 |01:06:28 ~-~-> 01:06:34 |illuminating. But instead of trying to be the next teacher, okay, because some
927 |744 |01:06:34 ~-~-> 01:06:37 |of you want to learn how to do this, that way, you can do mentorships and
928 |745 |01:06:37 ~-~-> 01:06:40 |make a lot of money too, and have all the tax breaks and benefits of that that
929 |746 |01:06:40 ~-~-> 01:06:47 |trading doesn't afford you learn how to just be a good trader. And the way every
930 |747 |01:06:47 ~-~-> 01:06:51 |good trader gets there is doing the boring part of what we're doing here and
931 |748 |01:06:51 ~-~-> 01:06:58 |what I've been talking about last three sessions, if you don't have the tenacity
932 |749 |01:06:58 ~-~-> 01:07:05 |and to say this is boring, this is not fun. I'm not making any money with this,
933 |750 |01:07:06 ~-~-> 01:07:10 |but I know that this is absolutely the way I'm going to get there, because I
934 |751 |01:07:10 ~-~-> 01:07:14 |will know by experience that there's absolutely no reason for me to be
935 |752 |01:07:14 ~-~-> 01:07:19 |fearful of a movie that doesn't pan out, because I've seen many times where if I
936 |753 |01:07:19 ~-~-> 01:07:24 |watched and waited for certain things to present themselves in price action, the
937 |754 |01:07:24 ~-~-> 01:07:29 |probabilities get shifted so much more in my favor that it's going to happen,
938 |755 |01:07:29 ~-~-> 01:07:34 |versus that if I didn't know these things, where? How would I know it
939 |756 |01:07:34 ~-~-> 01:07:38 |otherwise? And then what you do is you end up coaching yourself and encouraging
940 |757 |01:07:38 ~-~-> 01:07:42 |yourself, which is what self talk is self talk. You want to do that to
941 |758 |01:07:42 ~-~-> 01:07:46 |yourself while you're watching price action by yourself. You want to say,
942 |759 |01:07:46 ~-~-> 01:07:51 |Okay, you're doing good like it's it's reactive off of that volume imbalance in
943 |760 |01:07:51 ~-~-> 01:07:55 |that order block and touching the top of that new day opening gap from Tuesday
944 |761 |01:07:55 ~-~-> 01:07:59 |that otherwise other people would have never noticed it, never concerned
945 |762 |01:07:59 ~-~-> 01:08:03 |themselves with it, because the gap filled. Well, here we are. It's, you
946 |763 |01:08:03 ~-~-> 01:08:10 |know, ICT is birthday and is stuff still working days after that, these levels
947 |764 |01:08:10 ~-~-> 01:08:18 |were formed. So my question to you is this, how many times do I have to come
948 |765 |01:08:18 ~-~-> 01:08:23 |out here and prove this stuff theoretically, logically, and it
949 |766 |01:08:23 ~-~-> 01:08:30 |delivers to it perfect again, like think about it. See, some of you, you need to
950 |767 |01:08:30 ~-~-> 01:08:35 |see me push the button as a long as it goes down to that volume and balance and
951 |768 |01:08:35 ~-~-> 01:08:38 |use a stop loss that would be right at the rejection block, right there on that
952 |769 |01:08:38 ~-~-> 01:08:44 |close that's where your stop loss would be. So what's the risk between that and
953 |770 |01:08:44 ~-~-> 01:08:48 |getting in at the high or the open on that candle, which is the volume and
954 |771 |01:08:48 ~-~-> 01:08:52 |balance inside of that order block, right there? Devil's Advocate. You can
955 |772 |01:08:52 ~-~-> 01:08:55 |be worst case scenario. Use the opening price of that order block and say that's
956 |773 |01:08:55 ~-~-> 01:09:01 |your fill and your risk is the close of that candle. You're watching this level
957 |774 |01:09:01 ~-~-> 01:09:07 |here. It could have wicked below it by a tick, but that's about as much as I
958 |775 |01:09:07 ~-~-> 01:09:11 |would have expected. Why? Why would I only expected that much? Because it's
959 |776 |01:09:11 ~-~-> 01:09:18 |already filled in this volume imbalance. There two bodies. This body's inside
960 |777 |01:09:18 ~-~-> 01:09:21 |that volume balance too. Then we had a wick in here that went below that.
961 |778 |01:09:21 ~-~-> 01:09:27 |There's no need for it to go back down below that, except for one tick. How
962 |779 |01:09:27 ~-~-> 01:09:30 |does ICT know how to put these stop losses real tight like that? How does he
963 |780 |01:09:30 ~-~-> 01:09:36 |know ICT stop placement is top tier. You're fucking ready to this because
964 |781 |01:09:36 ~-~-> 01:09:40 |there's logic behind it that you're learning here, and you have my son to
965 |782 |01:09:40 ~-~-> 01:09:45 |thank for it, because he's the one that wanted me to do this for him, and he
966 |783 |01:09:45 ~-~-> 01:09:50 |wants it documented. So therefore, the things that I'm teaching him, he'll tell
967 |784 |01:09:50 ~-~-> 01:09:54 |you I'm not talking to him about price action in in texts. I'm talking to you
968 |785 |01:09:54 ~-~-> 01:09:59 |right here. Everything I'm doing in front of you, he's watching it just
969 |786 |01:09:59 ~-~-> 01:10:08 |like. You are, and I do this every single day, every single day. I know
970 |787 |01:10:08 ~-~-> 01:10:12 |what the I know what it's going to do. If I don't know at the moment when I sit
971 |788 |01:10:12 ~-~-> 01:10:15 |down, I'm going to wait for more information, and then I know what it's
972 |789 |01:10:15 ~-~-> 01:10:23 |going to do. Now, if you are someone that watches this and says, Well, you
973 |790 |01:10:23 ~-~-> 01:10:28 |know, that's all well and good. He got lucky. What's it going to be like when
974 |791 |01:10:28 ~-~-> 01:10:34 |we were five weeks into this and it's still panning out? Is it still luck? Is
975 |792 |01:10:34 ~-~-> 01:10:41 |it? Is it still luck? Where's my where's my lucky rabbit's foot? No, no, no, it's
976 |793 |01:10:41 ~-~-> 01:10:47 |this boring logic that repeats all the time. And you want your trading to be
977 |794 |01:10:47 ~-~-> 01:10:51 |boring. You want it to be boring. You want it to be a monotonous task where it
978 |795 |01:10:51 ~-~-> 01:10:55 |says, so redundant, just like your job, but yet you still find your ass back
979 |796 |01:10:55 ~-~-> 01:10:59 |there to get that paycheck, don't you? You'll drive and sit through traffic,
980 |797 |01:11:00 ~-~-> 01:11:04 |have other people cut you off and cuss you out, brave through the weather just
981 |798 |01:11:04 ~-~-> 01:11:08 |to go get that little ass paycheck and deal with Carl.
982 |799 |01:11:13 ~-~-> 01:11:17 |Well, if you're willing to put yourself through all that bullshit, what's
983 |800 |01:11:17 ~-~-> 01:11:22 |keeping you from doing this? It's something simple, some kind of head up
984 |801 |01:11:22 ~-~-> 01:11:26 |your ass syndrome that you gotta pull your head out of your own ass and say,
985 |802 |01:11:26 ~-~-> 01:11:31 |You know what? This guy has the goods. He's got people all around the world
986 |803 |01:11:31 ~-~-> 01:11:35 |proving that they're making money. You see the students names on the payout.
987 |804 |01:11:36 ~-~-> 01:11:40 |You see them. You go on, go on to those funded account places that shows you
988 |805 |01:11:40 ~-~-> 01:11:43 |who's getting paid out and then watch their videos. When they say, Yeah, I did
989 |806 |01:11:43 ~-~-> 01:11:50 |this. This is how I'm making money. There was a time that they were thinking
990 |807 |01:11:50 ~-~-> 01:11:55 |just like you, this guy's full of shit. You never see him get out here and trade
991 |808 |01:11:55 ~-~-> 01:11:57 |a Live account in front of people. You're never gonna see him. Call the
992 |809 |01:11:57 ~-~-> 01:12:06 |market live. What's going on right now, I'm giving you the logic the day before
993 |810 |01:12:06 ~-~-> 01:12:10 |it does it, and then after the fact, I'm telling you, okay, now watch this. I'm
994 |811 |01:12:10 ~-~-> 01:12:13 |watching this volume of balance right here. It's come down here. Now I want to
995 |812 |01:12:13 ~-~-> 01:12:18 |see, does it run up here and reach into that now, because it's done this ahead
996 |813 |01:12:18 ~-~-> 01:12:25 |of 930 opening bell. What does that mean? Well, on a day like today, I would
997 |814 |01:12:25 ~-~-> 01:12:30 |wait, because I got a run from here to here. That's a, that's a pretty sizable
998 |815 |01:12:30 ~-~-> 01:12:37 |run. What is it? Almost 100 handles. Let me make sure. I'm trying to say too
999 |816 |01:12:37 ~-~-> 01:12:40 |much. I'll just use the opening price on the order block. That's, that's our
1000 |817 |01:12:40 ~-~-> 01:12:45 |hypothetical entry. Okay, so 173 and we're aiming for consequent
1001 |818 |01:12:45 ~-~-> 01:12:54 |encroachment. So consequent encroachment is, we'll say 250 did it get to 252 52
1002 |819 |01:12:54 ~-~-> 01:13:03 |Okay, so 250 from 173 80 handles. Were there about 70 handles, something like
1003 |820 |01:13:03 ~-~-> 01:13:08 |that. I'm 52 years old today. Okay, I'm having a Biden amendment. You can do the
1004 |821 |01:13:08 ~-~-> 01:13:13 |math. It's better than every other YouTuber that live streams. Let's put it
1005 |822 |01:13:13 ~-~-> 01:13:15 |that way, except for my student, Taj, that killed it the other day, making it
1006 |823 |01:13:15 ~-~-> 01:13:20 |130 handles. I watched you, girl, don't don't think I ain't looking okay. I'm
1007 |824 |01:13:20 ~-~-> 01:13:24 |watching you. Just because I'm quiet doesn't mean I got I don't have your
1008 |825 |01:13:24 ~-~-> 01:13:32 |live stream on. I'm watching what you're doing. The the takeaway is today,
1009 |826 |01:13:32 ~-~-> 01:13:36 |because we've already pressed up one sided and we've done all this business
1010 |827 |01:13:36 ~-~-> 01:13:41 |in here. Remember all saying that how most people would look at this and feel
1011 |828 |01:13:41 ~-~-> 01:13:47 |like it's petering out, and they may be second guessing, like, Okay, is it gonna
1012 |829 |01:13:47 ~-~-> 01:13:53 |is it gonna behave? Is it gonna act like resistance or bearish divergences?
1013 |830 |01:13:53 ~-~-> 01:13:57 |Because if you're watching indicators, it might trip you up and think, Wow,
1014 |831 |01:13:57 ~-~-> 01:14:01 |this is, this is really running out of momentum, and it's probably going to go
1015 |832 |01:14:01 ~-~-> 01:14:08 |back down here and fill in this liquidity void. No, no, no, no, it's
1016 |833 |01:14:08 ~-~-> 01:14:14 |drawing up to areas of inefficiency. Why did it? Why did I highlight this fair
1017 |834 |01:14:14 ~-~-> 01:14:19 |value gap? Remember that, why? Why was that even highlighted? What did i What
1018 |835 |01:14:19 ~-~-> 01:14:25 |did I use the same stuff that I taught in my private mentorship lectures that
1019 |836 |01:14:25 ~-~-> 01:14:30 |are on my YouTube channel for free. Stop paying people for mentorship, stuff that
1020 |837 |01:14:30 ~-~-> 01:14:36 |I've already played on this YouTube channel for free, for free, and it's
1021 |838 |01:14:36 ~-~-> 01:14:38 |there for you to watch it anytime you want.
1022 |839 |01:14:40 ~-~-> 01:14:44 |But this is formed on the.
1023 |840 |01:15:03 ~-~-> 01:15:08 |I always gonna kill me today, my birthday present, honey, is leniency.
1024 |841 |01:15:10 ~-~-> 01:15:14 |The warden. I'm asking the warden for leniency. Please be lenient with me
1025 |842 |01:15:14 ~-~-> 01:15:19 |today. I'm in my moment. Okay, I gotta have to, have to do this to my
1026 |843 |01:15:19 ~-~-> 01:15:22 |completion, and then I'm satisfied, because if I leave it and I don't say
1027 |844 |01:15:22 ~-~-> 01:15:25 |what I want to say, I won't be able to enjoy my time with her and my family,
1028 |845 |01:15:25 ~-~-> 01:15:29 |because I'll be thinking about this because I'm obsessive. This guy's a real
1029 |846 |01:15:29 ~-~-> 01:15:33 |jerk, man. He's He's putting trading before his wife and kids. That's been my
1030 |847 |01:15:33 ~-~-> 01:15:37 |whole life, and that's why I'm not the best mentor. So you have the low of this
1031 |848 |01:15:38 ~-~-> 01:15:41 |candle and the high that candle on the single pass through. It's sell side
1032 |849 |01:15:41 ~-~-> 01:15:47 |delivery inefficiency is on the buy side. That means, until this candlestick
1033 |850 |01:15:47 ~-~-> 01:15:52 |here that high, the difference between that and this candles high, that is your
1034 |851 |01:15:53 ~-~-> 01:15:58 |inefficiency still okay, so it looks like that, and what does it do? It
1035 |852 |01:15:58 ~-~-> 01:16:03 |trades up just above that on this candle there. But why did I pick this fair
1036 |853 |01:16:03 ~-~-> 01:16:07 |value gap? Why did I do that? Well, if you go back and look at where we were
1037 |854 |01:16:07 ~-~-> 01:16:12 |here before 830 started to run up, I measured in front of you
1038 |855 |01:16:17 ~-~-> 01:16:23 |this high, dragging the Fibonacci down to here, the only use of a Fibonacci for
1039 |856 |01:16:23 ~-~-> 01:16:27 |me is I want to know where the midpoint is. That's all Fibonacci does for me,
1040 |857 |01:16:28 ~-~-> 01:16:31 |because that determines if it's whoever bought or ever sold. I don't need an
1041 |858 |01:16:31 ~-~-> 01:16:34 |indicator to tell me that you don't need an indicator to tell you that and
1042 |859 |01:16:34 ~-~-> 01:16:38 |divergence on any indicator is useless. It doesn't mean because you're
1043 |860 |01:16:38 ~-~-> 01:16:43 |compressing numbers, and if you beat and torture numbers enough, the data will
1044 |861 |01:16:43 ~-~-> 01:16:48 |submit to anything you wanted to say. So it's a matter of looking for where are
1045 |862 |01:16:48 ~-~-> 01:16:56 |we at in the range. So can you see clearly that this is the range high all
1046 |863 |01:16:56 ~-~-> 01:17:03 |the way down to that low? So the most recent large degree of directional
1047 |864 |01:17:03 ~-~-> 01:17:09 |movement right at 830 as it happened, where was the profitable trades being
1048 |865 |01:17:09 ~-~-> 01:17:14 |held, the longs or the shorts? Predominantly, it's the shorts. Why?
1049 |866 |01:17:14 ~-~-> 01:17:18 |Because it's been the most recent protracted directional move, and it's
1050 |867 |01:17:18 ~-~-> 01:17:23 |been going lower. So when we have these big ranges like that, it's important to
1051 |868 |01:17:23 ~-~-> 01:17:27 |measure with the fit that way, if you're going to go long, or if you're
1052 |869 |01:17:27 ~-~-> 01:17:31 |anticipating it's going to go long, and why would we anticipate that? Because
1053 |870 |01:17:31 ~-~-> 01:17:36 |what I gave you yesterday as guidance, I'm going to I'm going to slap you
1054 |871 |01:17:36 ~-~-> 01:17:39 |around a little bit and get any space off like this. I got to get it out of my
1055 |872 |01:17:39 ~-~-> 01:17:44 |system. But 50% is here, so that's equilibrium. So at that level, or below
1056 |873 |01:17:44 ~-~-> 01:17:50 |is discount. At that level, or above is premium. So we're here at 830 I taught
1057 |874 |01:17:50 ~-~-> 01:17:53 |you yesterday that if there's clustering with the new day opening gaps and a new
1058 |875 |01:17:53 ~-~-> 01:17:56 |week opening gap, if that's above where the market price is and you're
1059 |876 |01:17:56 ~-~-> 01:18:02 |anticipating price to have a movement one directional, okay, or high impact or
1060 |877 |01:18:02 ~-~-> 01:18:08 |medium impact news drivers are likely to create a spooling in price where they
1061 |878 |01:18:08 ~-~-> 01:18:13 |start gapping prior price higher, and you see that in that 15 second chart
1062 |879 |01:18:13 ~-~-> 01:18:18 |where it traversed over 100 handles in 15 seconds. And you think that's buying
1063 |880 |01:18:18 ~-~-> 01:18:23 |pressure. It's not that's absolutely algorithmic. It's them repricing. Now,
1064 |881 |01:18:23 ~-~-> 01:18:28 |before the markets were electronic, there would be a group of men that sat
1065 |882 |01:18:28 ~-~-> 01:18:31 |around and they would pair orders. If you remember back in times where I was
1066 |883 |01:18:31 ~-~-> 01:18:35 |teaching on baby pips, is you're pairing their pairing orders. What does that
1067 |884 |01:18:35 ~-~-> 01:18:42 |mean? All they need is one trade, one contract to book price. That's it. So if
1068 |885 |01:18:42 ~-~-> 01:18:49 |they have an intention of repricing to 18,165 when prices sitting at 17,009 73
1069 |886 |01:18:49 ~-~-> 01:18:56 |and it wasn't electronic markets, so the algorithm was all future, they can't do
1070 |887 |01:18:56 ~-~-> 01:18:59 |it yet because it's not automated yet. We don't have the technology to do that,
1071 |888 |01:18:59 ~-~-> 01:19:03 |so everything's open outcry. What they would do is they would sit in a room,
1072 |889 |01:19:04 ~-~-> 01:19:08 |one man would put an order in, okay, I want to buy at this price, and another
1073 |890 |01:19:08 ~-~-> 01:19:11 |guy would say, Okay, I will agree with that price. And they hurry up and they
1074 |891 |01:19:11 ~-~-> 01:19:15 |they stair step, it just like that. And that would feed that that price run. So
1075 |892 |01:19:15 ~-~-> 01:19:20 |that way the price would book on your chart before electronic trading. And
1076 |893 |01:19:20 ~-~-> 01:19:24 |they just kept prices moving just like that. And you can see it. You can
1077 |894 |01:19:24 ~-~-> 01:19:29 |validate it with volume. Just look at volume. How many contracts, how many
1078 |895 |01:19:29 ~-~-> 01:19:37 |contracts were traded at 830 to make that 100 handle run. When I get done
1079 |896 |01:19:37 ~-~-> 01:19:39 |showing this again, I'm going to, I'm going to drop down into like a one
1080 |897 |01:19:39 ~-~-> 01:19:46 |second chart, and we'll look at that, that first 830, to 831, movement with a
1081 |898 |01:19:46 ~-~-> 01:19:52 |one second chart. It's illuminating. So, because we have equilibrium here, and
1082 |899 |01:19:52 ~-~-> 01:19:55 |we're I'm anticipating based on the logic I taught yesterday, if the
1083 |900 |01:19:55 ~-~-> 01:19:59 |market's here before the news driver, the news driver is going to be the you.
1084 |901 |01:20:00 ~-~-> 01:20:05 |Uh, retails. Excuse for why price went up when it's not it's just the
1085 |902 |01:20:06 ~-~-> 01:20:10 |highlighting of the time when the market's going to start spooling.
1086 |903 |01:20:10 ~-~-> 01:20:15 |Spooling is just like when you have a fishing rod, okay, and you put your
1087 |904 |01:20:15 ~-~-> 01:20:18 |little anchor, your little sinker on the end of it, with your bait and your hook,
1088 |905 |01:20:19 ~-~-> 01:20:23 |and then you cast the fishing rod out into the water, the fishing line, when
1089 |906 |01:20:23 ~-~-> 01:20:33 |it starts leaving that that that spool, that reel of fishing line, as it's going
1090 |907 |01:20:33 ~-~-> 01:20:39 |off that reel, it's shooting off, but it's being unraveled real quick, and
1091 |908 |01:20:39 ~-~-> 01:20:43 |it's shooting out the length of the fishing pole and out into the water.
1092 |909 |01:20:44 ~-~-> 01:20:50 |That's exactly what's going on when the algorithm starts running. When it enters
1093 |910 |01:20:50 ~-~-> 01:20:55 |into a buy program, boom, it starts spoiling higher when it enters the cell
1094 |911 |01:20:55 ~-~-> 01:20:57 |program, boom, it starts going lower.
1095 |912 |01:21:02 ~-~-> 01:21:08 |Your task is to understand the characteristics when the time is likely,
1096 |913 |01:21:08 ~-~-> 01:21:14 |to see that unfold, when there is no market driver, when there's no news,
1097 |914 |01:21:15 ~-~-> 01:21:19 |like at 830 or 10 o'clock reports that come out, or sometimes it's a 945 number
1098 |915 |01:21:19 ~-~-> 01:21:25 |or 1030 if it's crude oil inventory, when you have all those those reports,
1099 |916 |01:21:25 ~-~-> 01:21:28 |or those times the day that's they're pretty generic. Everybody knows that.
1100 |917 |01:21:29 ~-~-> 01:21:33 |But there also are things like I taught as a macro. It's the first 10 minutes
1101 |918 |01:21:33 ~-~-> 01:21:37 |before the top of the hour, and 10 minutes after the top of the hour, the
1102 |919 |01:21:37 ~-~-> 01:21:41 |market will spool there as well. They'll start running. What is it running for?
1103 |920 |01:21:41 ~-~-> 01:21:45 |It's running for liquidity or run rushing to get into an inefficiency. You
1104 |921 |01:21:45 ~-~-> 01:21:47 |probably hear Bill in the background and
1105 |922 |01:21:52 ~-~-> 01:21:57 |thank you for the birthday cards. By the way, too many of them to show. I showed
1106 |923 |01:21:57 ~-~-> 01:22:01 |one of them. Moses, thank you again. But I just don't, I know some of you
1107 |924 |01:22:01 ~-~-> 01:22:05 |probably would like to see your stuff show up on my community post. I don't
1108 |925 |01:22:05 ~-~-> 01:22:15 |want to do that, but that day, I just got one, so that was nice. The the fair
1109 |926 |01:22:15 ~-~-> 01:22:19 |value get that I chose here is above the equilibrium price point, okay? And it's
1110 |927 |01:22:19 ~-~-> 01:22:24 |also inside of that breaker. And if it's going to trade above this, where could
1111 |928 |01:22:24 ~-~-> 01:22:29 |it trade to as an up, you know, upside target, this area here, that could act
1112 |929 |01:22:29 ~-~-> 01:22:35 |as what the inversion fair value got. So it's those levels we look for. Okay, so
1113 |930 |01:22:35 ~-~-> 01:22:42 |how can we use this information in a trade idea? Let's go back down and get
1114 |931 |01:22:42 ~-~-> 01:22:49 |this fitting onto go into a one minute chart, all right, and then when price
1115 |932 |01:22:49 ~-~-> 01:22:53 |had this big run here, that's not what I want to do. Let's go into 15 second
1116 |933 |01:22:53 ~-~-> 01:23:01 |chart. I apologize. Look at the reaction off the low of that fair value got
1117 |934 |01:23:01 ~-~-> 01:23:06 |there, that's probably random. Don't pay attention to that. So it's all selling
1118 |935 |01:23:06 ~-~-> 01:23:12 |pressure, the the balancing between this candle body and then open and trading
1119 |936 |01:23:12 ~-~-> 01:23:16 |down here, that makes this from this low to that high. That's a balanced price
1120 |937 |01:23:16 ~-~-> 01:23:22 |range. What? Yeah, that's balanced. That's balanced. Price delivery, both
1121 |938 |01:23:22 ~-~-> 01:23:26 |directions have been offered. It's from this low that we don't know yet is
1122 |939 |01:23:26 ~-~-> 01:23:30 |formed yet, but it's also the same low that makes a consequent encroachment of
1123 |940 |01:23:30 ~-~-> 01:23:35 |Wednesday's New Day opening gap, see that. So all these things are converging
1124 |941 |01:23:35 ~-~-> 01:23:41 |this run away from that and then close. We open trade down to that consequent
1125 |942 |01:23:41 ~-~-> 01:23:45 |encroachment, and then pass through and leave that high there. That means that
1126 |943 |01:23:45 ~-~-> 01:23:53 |this high is a balanced price range down to that low, because between this candle
1127 |944 |01:23:53 ~-~-> 01:23:58 |is low and that candle is high, price has been offered up and down that's
1128 |945 |01:23:58 ~-~-> 01:24:04 |balanced, that's balanced, and the market trades back down, and you see
1129 |946 |01:24:04 ~-~-> 01:24:11 |them hitting the up close, closing price here, and digging into this, candles
1130 |947 |01:24:12 ~-~-> 01:24:23 |open, hits it perfectly, rallies on a 15 second chart you can use order blocks as
1131 |948 |01:24:23 ~-~-> 01:24:29 |your entry small, fair value gaps, volume imbalances. I love them, if the
1132 |949 |01:24:29 ~-~-> 01:24:33 |direction still in play. Okay, and we're outlining this level here, so anytime
1133 |950 |01:24:33 ~-~-> 01:24:39 |you see a convergence of a new day opening gaps, low, high or consequent
1134 |951 |01:24:39 ~-~-> 01:24:43 |encouragement level and a down closed camel, and you're bullish, it leaves it
1135 |952 |01:24:43 ~-~-> 01:24:49 |and comes back down in you can use that as your catalyst to study price. Does it
1136 |953 |01:24:49 ~-~-> 01:24:56 |behave and run to your objective? I gave you the objective today. I outlined how
1137 |954 |01:24:56 ~-~-> 01:25:00 |the market will behave yesterday. So I pointed out the volume and balance. Once
1138 |955 |01:25:00 ~-~-> 01:25:07 |I pointed out the fact that we came down and touched the top of the Tuesday,
1139 |956 |01:25:07 ~-~-> 01:25:11 |yeah, Tuesday's New Day opening gap. And then we want to see, does it rally up
1140 |957 |01:25:11 ~-~-> 01:25:16 |and go into this pair of a gap? And we got that, okay, 70 plus handles, if not,
1141 |958 |01:25:17 ~-~-> 01:25:24 |you know, whatever that is, on a very small run, but after the major damage
1142 |959 |01:25:24 ~-~-> 01:25:29 |was done. So I used the logic in front of you. We didn't touch Market Replay to
1143 |960 |01:25:29 ~-~-> 01:25:33 |do that. You got to do this. Okay, you see how that changes. The bottom of my
1144 |961 |01:25:33 ~-~-> 01:25:38 |screen. Down here, my screen never looks like that. It never looks like that
1145 |962 |01:25:39 ~-~-> 01:25:42 |because ICT knows what the fuck is going on. I don't need to use no market replay
1146 |963 |01:25:42 ~-~-> 01:25:47 |to guess. Oh, let's start watching and going for it. The hell with that. It's,
1147 |964 |01:25:47 ~-~-> 01:25:52 |it's dumb. Okay, dumb. I want to leave this. Yes, I do. So that's why my chart
1148 |965 |01:25:52 ~-~-> 01:25:57 |looks and looks like that. Okay, even if I maximize it, you know, I don't think
1149 |966 |01:25:57 ~-~-> 01:26:00 |you can pull up Market Replay when you do that. Can you? No, you can't. So
1150 |967 |01:26:00 ~-~-> 01:26:04 |there you go. That's why I showed my screen maximize. I try. I go through all
1151 |968 |01:26:04 ~-~-> 01:26:10 |this to prove to you that all this stuff is happening in real time. The markets
1152 |969 |01:26:10 ~-~-> 01:26:14 |open account down to close a candlestick. I mean, it's all there. But
1153 |970 |01:26:15 ~-~-> 01:26:18 |there are specific things that you're going to find that are, they're real
1154 |971 |01:26:18 ~-~-> 01:26:23 |signals that you want to participate in. There are setups that are are more
1155 |972 |01:26:23 ~-~-> 01:26:27 |likely to pan out than just looking at, oh, well, it's trading down at the down
1156 |973 |01:26:27 ~-~-> 01:26:31 |closed candle. So it must go up. No, there has to be other contributing
1157 |974 |01:26:31 ~-~-> 01:26:35 |factors to it. And when you're looking at things that are outside the candles,
1158 |975 |01:26:35 ~-~-> 01:26:41 |a la New Day, opening gap, new week opening gaps, the separation between
1159 |976 |01:26:41 ~-~-> 01:26:47 |those price levels, which is event horizon, those types of things, they're
1160 |977 |01:26:47 ~-~-> 01:26:48 |like
1161 |978 |01:26:49 ~-~-> 01:26:50 |dark pools.
1162 |979 |01:26:51 ~-~-> 01:26:58 |They're things that the general public are not privy to. They're not something
1163 |980 |01:26:58 ~-~-> 01:27:02 |they can reach for and say, oh, yeah, this is they're looking at indicators.
1164 |981 |01:27:03 ~-~-> 01:27:07 |They're trying, they're trying to overlay stuff on their chart and looking
1165 |982 |01:27:07 ~-~-> 01:27:11 |at mathematically crunched data, thinking that that's what's going to
1166 |983 |01:27:11 ~-~-> 01:27:14 |cause the market to go up and down. No, the only thing that's doing is providing
1167 |984 |01:27:14 ~-~-> 01:27:18 |liquidity for people that use that logic, and they put orders in the
1168 |985 |01:27:18 ~-~-> 01:27:23 |marketplace based on that bullshit. And then we go in like a cannibal and devour
1169 |986 |01:27:23 ~-~-> 01:27:26 |them, and they don't even know what just happened. And we're going to go back the
1170 |987 |01:27:26 ~-~-> 01:27:29 |next day do the same thing all over again, and as long as they have money in
1171 |988 |01:27:29 ~-~-> 01:27:34 |their account and buttons to push to do so, and we'll be cleaning their clock
1172 |989 |01:27:34 ~-~-> 01:27:39 |again. And that's the that's the life cycle, stupid money, Street Money, dumb
1173 |990 |01:27:39 ~-~-> 01:27:44 |money, being cannibalized by smart money, and smart money uses these
1174 |991 |01:27:44 ~-~-> 01:27:51 |concepts. Look at what the market's doing consequent encroachment. I told
1175 |992 |01:27:51 ~-~-> 01:27:55 |you this level before it happened, it traded up to it and then hits it here.
1176 |993 |01:27:55 ~-~-> 01:27:59 |So what is it indicating? It's having resistance, right? It's having a hard
1177 |994 |01:27:59 ~-~-> 01:28:05 |time, and then it breaks down this level or that low after it touches this.
1178 |995 |01:28:05 ~-~-> 01:28:11 |Trades down below that low. What does that mean? Right there? It's a shift in
1179 |996 |01:28:11 ~-~-> 01:28:14 |market structure. So what it's going to do? It's probably going to trade up to a
1180 |997 |01:28:14 ~-~-> 01:28:22 |short term premium. What's it going to trade to see that gap, see it there to
1181 |998 |01:28:22 ~-~-> 01:28:28 |there. What's the bodies over here? Respecting that, but the wicks are
1182 |999 |01:28:28 ~-~-> 01:28:32 |allowed to do. What the damage? How far can it go? Well, do you see the volume
1183 |1000 |01:28:32 ~-~-> 01:28:35 |imbalance right there? These are all things that you annotate and screenshot
1184 |1001 |01:28:35 ~-~-> 01:28:39 |as price is doing what you're watching. And what does it trade down to some
1185 |1002 |01:28:39 ~-~-> 01:28:44 |random bullshit and do G some horse shit. It's it's all made up. It's all
1186 |1003 |01:28:44 ~-~-> 01:28:51 |make believe. I renamed this from something apparently. Find a book, find
1187 |1004 |01:28:51 ~-~-> 01:28:55 |it, find the VHS tapes and courses that talks about these new day opening gaps
1188 |1005 |01:28:55 ~-~-> 01:28:59 |being used like I taught it. Ain't there, folks. But guess what? It's all
1189 |1006 |01:28:59 ~-~-> 01:29:03 |over on Amazon right now. It's on Amazon right now, and it has my logo somewhere
1190 |1007 |01:29:03 ~-~-> 01:29:07 |in the book, or my name, the one that cover the book, ICTs, inner circle
1191 |1008 |01:29:07 ~-~-> 01:29:11 |trader, secrets, the blah, blah, blah, and they're teaching it through
1192 |1009 |01:29:11 ~-~-> 01:29:14 |ignorance. They have no idea what they're talking about. The only thing
1193 |1010 |01:29:14 ~-~-> 01:29:17 |they're doing is parroting what I said. That's why people that leave me notes
1194 |1011 |01:29:17 ~-~-> 01:29:21 |and stuff you talk too much, because that means they got to listen to all
1195 |1012 |01:29:21 ~-~-> 01:29:25 |that shit or try to condense it, and they failed in school. So they're trying
1196 |1013 |01:29:25 ~-~-> 01:29:32 |to do, you know, with with John fibotti, did make a book with a bunch of
1197 |1014 |01:29:32 ~-~-> 01:29:35 |bullshit, and it's all my stuff, but supposedly credit everyone else that has
1198 |1015 |01:29:35 ~-~-> 01:29:39 |nothing to do with them. It's because he want to do a cash grab until I put a
1199 |1016 |01:29:39 ~-~-> 01:29:44 |review on there. Come to the YouTube channel, you'll see this guy's a liar.
1200 |1017 |01:29:44 ~-~-> 01:29:52 |That's did you get from the multi level marketing gurus? 20 year old, rip offs,
1201 |1018 |01:29:52 ~-~-> 01:30:01 |rip off artists, hits it fails, blindly bounce survey gap you. The takeaway is
1202 |1019 |01:30:01 ~-~-> 01:30:06 |this, when you have a fair value gap and you have small little cracks in the
1203 |1020 |01:30:06 ~-~-> 01:30:11 |delivery of price, like that little, tiny volume of balance right there, this
1204 |1021 |01:30:11 ~-~-> 01:30:16 |tells you where the wit can go. But how can you trust the trade is still
1205 |1022 |01:30:16 ~-~-> 01:30:20 |valuable? Or, if you miss this first run up here, can you trade it? If it goes
1206 |1023 |01:30:20 ~-~-> 01:30:27 |into it again in here. Yes, that's a reclaimed fair value gap. That's the
1207 |1024 |01:30:27 ~-~-> 01:30:31 |fact that the market's offering that again. It's reclaiming that fair value
1208 |1025 |01:30:31 ~-~-> 01:30:35 |gap, but the wicks are doing the damage. So how far can it how can it run against
1209 |1026 |01:30:35 ~-~-> 01:30:38 |you? How far can it run against you? Rather well, it can trade into that
1210 |1027 |01:30:38 ~-~-> 01:30:42 |volume imbalance, but if it does both, and it starts to slam down, you really
1211 |1028 |01:30:42 ~-~-> 01:30:47 |are being like a billboard sign, like on an interstate, saying you're running low
1212 |1029 |01:30:47 ~-~-> 01:30:52 |on gas, or you you're, if you're hungry, pull out on this exit here, because we
1213 |1030 |01:30:52 ~-~-> 01:30:56 |have the goods. It's a good thing to come this direction. Well, that's kind
1214 |1031 |01:30:56 ~-~-> 01:30:58 |of like a neon sign saying that, like the bodies are staying inside this
1215 |1032 |01:30:58 ~-~-> 01:31:03 |volume of, I'm sorry, fair value got these are all things that you're going
1216 |1033 |01:31:03 ~-~-> 01:31:04 |to annotate while you're watching price.
1217 |1034 |01:31:13 ~-~-> 01:31:17 |Okay, and look where the body stop. I mean, really, really, really, really,
1218 |1035 |01:31:17 ~-~-> 01:31:20 |think about this. Okay, think about the bullshit that people are going to tell
1219 |1036 |01:31:20 ~-~-> 01:31:23 |you and you've read in books and you probably believe Ray. Believe, right
1220 |1037 |01:31:23 ~-~-> 01:31:27 |now, if you're new, that markets are random. It's all buying and selling
1221 |1038 |01:31:27 ~-~-> 01:31:31 |pressure. What the fuck are the chances of this candle is low and this candle is
1222 |1039 |01:31:31 ~-~-> 01:31:36 |high? That is my fair value gap. Midpoint is consequent encroachment.
1223 |1040 |01:31:36 ~-~-> 01:31:42 |That means it's it's encroaching into this space again, it's consequential.
1224 |1041 |01:31:43 ~-~-> 01:31:47 |It's, it's, it's likely to happen, because, therefore, if it's going to
1225 |1042 |01:31:47 ~-~-> 01:31:52 |return back to it, this is what you expect. That's why it's consequential.
1226 |1043 |01:31:52 ~-~-> 01:31:59 |Encouragement. Look where the bodies are. You see that, what's the wick doing
1227 |1044 |01:31:59 ~-~-> 01:32:04 |the damage to? What? To what degree is that wit going up against the underlying
1228 |1045 |01:32:04 ~-~-> 01:32:09 |expectation? If you're going to trade with this pattern, what is the extreme
1229 |1046 |01:32:09 ~-~-> 01:32:13 |of how far that wick can go? Well, look back over here. We have this short term
1230 |1047 |01:32:13 ~-~-> 01:32:16 |high. Does it go above that? Sure it does. But how high can it go above that?
1231 |1048 |01:32:16 ~-~-> 01:32:21 |ICT. Look to the left. What do you have left? Volume of balance,
1232 |1049 |01:32:28 ~-~-> 01:32:35 |deliver one tick above, back down in consequent encroachment. Consequent
1233 |1050 |01:32:35 ~-~-> 01:32:40 |encroachment fails to get to consequent encroachment. That's what you're looking
1234 |1051 |01:32:40 ~-~-> 01:32:46 |for. You want to see the next candle start to dive, go lower, does it? Oh,
1235 |1052 |01:32:46 ~-~-> 01:32:50 |wow. Now you can use this as a institutional order for entry drill
1236 |1053 |01:32:50 ~-~-> 01:32:54 |trades up into that gap, but you want to see that left open. You don't want to
1237 |1054 |01:32:54 ~-~-> 01:32:56 |see that fill in, because if it can leave that open, guess what that means.
1238 |1055 |01:32:57 ~-~-> 01:33:01 |It's a breakaway gap, and it's probably going to remain heavy, and it may afford
1239 |1056 |01:33:01 ~-~-> 01:33:08 |you 1520, or more handles something to that effect. And you're weighing out all
1240 |1057 |01:33:08 ~-~-> 01:33:13 |of these potential delivery mechanisms, your stop loss would be here. Here's
1241 |1058 |01:33:13 ~-~-> 01:33:16 |your fair value gap, institutional order, financial drill. There it spikes
1242 |1059 |01:33:16 ~-~-> 01:33:21 |up, yes, but beforehand it trades down to the low The New Day opening gap on
1243 |1060 |01:33:21 ~-~-> 01:33:27 |Tuesday, you would take a partial here if you were holding on for more. Chances
1244 |1061 |01:33:27 ~-~-> 01:33:30 |are you probably would have got stopped out, because you would have definitely
1245 |1062 |01:33:30 ~-~-> 01:33:34 |been moving your stop loss below the fair value guy. But you're paid. You're
1246 |1063 |01:33:34 ~-~-> 01:33:38 |paid. And if you did something like that, if you had an expectation, maybe
1247 |1064 |01:33:38 ~-~-> 01:33:41 |you're watching on the chart right now, while I was talking and you were looking
1248 |1065 |01:33:41 ~-~-> 01:33:46 |at something like that. That's a that's a plus. That's a win in your learning.
1249 |1066 |01:33:46 ~-~-> 01:33:49 |Not that you should have been taking a trade, by the way, but if you're
1250 |1067 |01:33:49 ~-~-> 01:33:56 |watching and observing it relative equal lows top of the Tuesday, let's see if we
1251 |1068 |01:33:56 ~-~-> 01:34:05 |can spike down below that. You can make these drills as small and as minute as
1252 |1069 |01:34:05 ~-~-> 01:34:11 |possible, and then looking and judging how does it behave. Or you can look at
1253 |1070 |01:34:11 ~-~-> 01:34:16 |it from I want to see it, try to traverse over a span of 20 to 30 handles
1254 |1071 |01:34:16 ~-~-> 01:34:22 |and study each one of them. And if you're looking at a 15 second chart, it
1255 |1072 |01:34:22 ~-~-> 01:34:26 |gives you a lot of examples where you can do this and just study. What is it
1256 |1073 |01:34:26 ~-~-> 01:34:30 |doing, how is it behaving? What levels is it respecting? How fast is it going
1257 |1074 |01:34:30 ~-~-> 01:34:36 |away from a level? How fast is it drawing to a level and or is it starting
1258 |1075 |01:34:36 ~-~-> 01:34:41 |to stagnate? Is it having a hard time moving around? All these things are
1259 |1076 |01:34:41 ~-~-> 01:34:46 |things that you need to be condition yourself to observe real time, because
1260 |1077 |01:34:46 ~-~-> 01:34:50 |that's the that's the experience that you're going to lean on when you're
1261 |1078 |01:34:50 ~-~-> 01:34:54 |trading with real money, or when you're trading a funded account challenge, or
1262 |1079 |01:34:54 ~-~-> 01:34:58 |when you're trading with a funded account, with a prop firm, or if you're
1263 |1080 |01:34:58 ~-~-> 01:35:02 |managing other people's money, you. Because I have students that are delving
1264 |1081 |01:35:02 ~-~-> 01:35:06 |into that now, and I'm not talking about Mickey Mouse money, like millions of
1265 |1082 |01:35:06 ~-~-> 01:35:11 |money, which my opinion. And you know who you are to just recently email me.
1266 |1083 |01:35:12 ~-~-> 01:35:17 |My opinion is no comment if you're if you're choosing to do that. I have no
1267 |1084 |01:35:17 ~-~-> 01:35:23 |input on that. I just know that it's very, very, very, very stressful. If
1268 |1085 |01:35:23 ~-~-> 01:35:27 |you're okay with that kind of stress, have fun. Don't do anything differently.
1269 |1086 |01:35:27 ~-~-> 01:35:33 |You're gonna trade. Just trade with a whole lot less risk. But I don't want to
1270 |1087 |01:35:33 ~-~-> 01:35:37 |comment anymore on that, because I don't I, I'm not, I'm not going to do that,
1271 |1088 |01:35:37 ~-~-> 01:35:40 |because I just know it's very, it's very, very stressful to manage other
1272 |1089 |01:35:40 ~-~-> 01:35:47 |people's money with that level. I think that's it. I gave you that's more than I
1273 |1090 |01:35:47 ~-~-> 01:35:51 |wanted to you got another 46 minutes beyond what I said I was willing to do.
1274 |1091 |01:35:51 ~-~-> 01:35:55 |Today. I spent a little bit of my birthday with you. Seattle. In the
1275 |1092 |01:35:55 ~-~-> 01:36:00 |balance, we wicked above that New Day opening. Got to what random level right
1276 |1093 |01:36:00 ~-~-> 01:36:04 |there, and then we move back down to make another little low
1277 |1094 |01:36:10 ~-~-> 01:36:14 |watch right here. Okay? Because all of this is pretty, pretty well balanced. If
1278 |1095 |01:36:14 ~-~-> 01:36:20 |it remains heavy at 10 o'clock or leading into 10 o'clock, we might get
1279 |1096 |01:36:20 ~-~-> 01:36:24 |some kind of a silver bullet. It could try to explore a little bit deeper in
1280 |1097 |01:36:24 ~-~-> 01:36:27 |here. It doesn't mean it's going to keep falling out of bed, but based on what
1281 |1098 |01:36:27 ~-~-> 01:36:31 |it's doing right now, at the very moment where we're looking at it, I'd give it
1282 |1099 |01:36:31 ~-~-> 01:36:37 |an opportunity to see that. I would rather see this stay open or not open,
1283 |1100 |01:36:37 ~-~-> 01:36:40 |but not traded too, because they're relative equal highs right now, I'd like
1284 |1101 |01:36:40 ~-~-> 01:36:45 |to see it come back down and upset this. Where's that? Right here. Come down and
1285 |1102 |01:36:45 ~-~-> 01:36:49 |hit that. Let everybody think it's going to drop, and then wake them across the
1286 |1103 |01:36:49 ~-~-> 01:36:52 |coast and take it back up here in the afternoon, or going into the lunch hour.
1287 |1104 |01:36:53 ~-~-> 01:36:59 |If I was making the market for NASDAQ, that's how I'd do it. But I'm just a
1288 |1105 |01:36:59 ~-~-> 01:37:02 |demo baller. I don't know anything. I had fun today. I hope you learned
1289 |1106 |01:37:02 ~-~-> 01:37:06 |something. If you did, I'd appreciate you giving me a thumbs up. I didn't
1290 |1107 |01:37:06 ~-~-> 01:37:12 |check yesterday's live stream, and because it abruptly ended, and I had no
1291 |1108 |01:37:12 ~-~-> 01:37:17 |control over that, it just, they just turned off the stream, and I couldn't do
1292 |1109 |01:37:17 ~-~-> 01:37:23 |anything about so I didn't bother trying to restart it. I just left it the way it
1293 |1110 |01:37:23 ~-~-> 01:37:27 |is. I don't even know what the last few words were that I was saying, but I was
1294 |1111 |01:37:27 ~-~-> 01:37:31 |pretty much done teaching. It was more or less me coaching and encouraging my
1295 |1112 |01:37:31 ~-~-> 01:37:35 |son to just keep his focus on what it is he's trying to learn, versus other
1296 |1113 |01:37:35 ~-~-> 01:37:39 |people's opinions, whether it be about me or or our ability to read Christ
1297 |1114 |01:37:39 ~-~-> 01:37:44 |action as a community, it's hard to it's hard to argue against the stuff when you
1298 |1115 |01:37:44 ~-~-> 01:37:49 |see it over a live chart where it's being explained, and especially with
1299 |1116 |01:37:49 ~-~-> 01:37:55 |this very, very small time frame like this, it's not random. It leaves the
1300 |1117 |01:37:56 ~-~-> 01:38:03 |viewer with a sense of astonishment. It is impressive to see the prognostication
1301 |1118 |01:38:03 ~-~-> 01:38:07 |that's available to you when you understand what it is it's doing and why
1302 |1119 |01:38:07 ~-~-> 01:38:11 |is it doing it. And you're not surprised, you're not scared, you're not
1303 |1120 |01:38:11 ~-~-> 01:38:15 |nervous. If I didn't know what I was doing, I certainly wouldn't be able to
1304 |1121 |01:38:15 ~-~-> 01:38:18 |sit out here and explain this stuff over a live chart, because I'd be afraid that
1305 |1122 |01:38:18 ~-~-> 01:38:25 |it wouldn't pan out. And I think that if you listen to me, I don't sound like I'm
1306 |1123 |01:38:25 ~-~-> 01:38:29 |animated at all, except for me making my dad jokes like I do all the time, like
1307 |1124 |01:38:29 ~-~-> 01:38:33 |that type of stuff is that's synonymous with that's my delivery mechanism.
1308 |1125 |01:38:33 ~-~-> 01:38:37 |That's how I talk with you all. But I'm not in any way afraid that this stuff's
1309 |1126 |01:38:37 ~-~-> 01:38:40 |going to fall out of style, like I mentioned before. It's going to keep
1310 |1127 |01:38:40 ~-~-> 01:38:44 |working, and the time that you're wasting worrying about all that stuff,
1311 |1128 |01:38:45 ~-~-> 01:38:49 |when the market's presenting opportunities for you to make your
1312 |1129 |01:38:49 ~-~-> 01:38:54 |grocery bill, to make your car, to make your home rent or mortgage payment a
1313 |1130 |01:38:54 ~-~-> 01:39:01 |little less painful or entirely covered, all you're wasting your opportunity and
1314 |1131 |01:39:01 ~-~-> 01:39:04 |time that could have been used to just go through the things that I'm teaching
1315 |1132 |01:39:04 ~-~-> 01:39:09 |you to do, that I'm putting my son through, and he has to subject himself
1316 |1133 |01:39:09 ~-~-> 01:39:13 |to doing these types of things, and when you see it pan out, it's really
1317 |1134 |01:39:13 ~-~-> 01:39:16 |rewarding, and you don't need to have any profit yet, because you're seeing
1318 |1135 |01:39:16 ~-~-> 01:39:21 |progress. And that's why people quit trading. That's the number one reason
1319 |1136 |01:39:21 ~-~-> 01:39:25 |why people quit trading, because it ain't the money that they made, even
1320 |1137 |01:39:25 ~-~-> 01:39:29 |when they gambled, that keeps them wanting to trade. It's the the truth
1321 |1138 |01:39:29 ~-~-> 01:39:33 |that's deep down inside their core, that they know what they did to earn that
1322 |1139 |01:39:33 ~-~-> 01:39:37 |money was absolutely fucking luck. It was not skill, and they can parade it
1323 |1140 |01:39:37 ~-~-> 01:39:41 |around on the internet like it was skill, but it isn't. It's not based on
1324 |1141 |01:39:41 ~-~-> 01:39:44 |anything, but it just happened, just like it happens for people when they buy
1325 |1142 |01:39:44 ~-~-> 01:39:49 |the lottery tickets or scratch offs or go to the casino, those moments of where
1326 |1143 |01:39:49 ~-~-> 01:39:54 |it just happened to be good for them. How can you attribute skill to going in
1327 |1144 |01:39:54 ~-~-> 01:39:58 |and buying a scratch off lottery ticket or picking a random lottery ticket?
1328 |1145 |01:39:58 ~-~-> 01:40:02 |You're in the line of how. Remember the main people there are, and you just
1329 |1146 |01:40:02 ~-~-> 01:40:06 |happen to get up to the register at that time, and then you ask the person to
1330 |1147 |01:40:06 ~-~-> 01:40:10 |give you a random lottery ticket. You didn't pick the number. He just bought a
1331 |1148 |01:40:10 ~-~-> 01:40:14 |random pick. And then it happened to be the winning ticket. You can't say that
1332 |1149 |01:40:14 ~-~-> 01:40:20 |skill. That's you just got lucky there. And sometimes, unfortunately, in trading
1333 |1150 |01:40:20 ~-~-> 01:40:25 |individuals when we do things we shouldn't do before, we should do them,
1334 |1151 |01:40:25 ~-~-> 01:40:29 |which is push a button on a live account and risk real money when that happens,
1335 |1152 |01:40:30 ~-~-> 01:40:34 |and we have a positive expectation met, where we hope to make money, and it
1336 |1153 |01:40:34 ~-~-> 01:40:38 |does. Chances are you probably got out of the level you didn't want to get out
1337 |1154 |01:40:38 ~-~-> 01:40:44 |at, and it's probably a level that is before or earlier than you wanted to get
1338 |1155 |01:40:44 ~-~-> 01:40:49 |out, but because you've never made money before, this now is $1,000 or 500 bucks,
1339 |1156 |01:40:50 ~-~-> 01:40:52 |and it's a lot of money to you because you've never made any money in the
1340 |1157 |01:40:52 ~-~-> 01:40:57 |market. And then you close the trade, and you want to tell yourself and
1341 |1158 |01:40:57 ~-~-> 01:41:02 |project that over the internet and say, This is my trade today. I made money. I
1342 |1159 |01:41:02 ~-~-> 01:41:07 |made real money. What did you do? You're a demo wallet like ICT or whatever. That
1343 |1160 |01:41:07 ~-~-> 01:41:17 |type of behavior and activity is. You literally lying to yourself and
1344 |1161 |01:41:17 ~-~-> 01:41:22 |condition yourself to believe that you're prepared to continuously do that.
1345 |1162 |01:41:22 ~-~-> 01:41:28 |When I teach, I teach a manner in which that you're going to learn how to do
1346 |1163 |01:41:28 ~-~-> 01:41:32 |this. It's going to be harder than you want it to be. It's going to take longer
1347 |1164 |01:41:32 ~-~-> 01:41:36 |than you want it to take, but once you get through it, you never have to go
1348 |1165 |01:41:36 ~-~-> 01:41:41 |through that ever again. It's like riding a bike. I don't even know the
1349 |1166 |01:41:41 ~-~-> 01:41:44 |last time I got on the bicycle, but I'm quite fucking certain I can ride that
1350 |1167 |01:41:44 ~-~-> 01:41:48 |bike. I can pretty much go anywhere I want to go in okay, even in bad weather.
1351 |1168 |01:41:49 ~-~-> 01:41:55 |So it's just like that. It's like knowing what it is that you're doing at
1352 |1169 |01:41:55 ~-~-> 01:42:00 |your job, but your job's only going to pay you what your company is willing to
1353 |1170 |01:42:00 ~-~-> 01:42:04 |pay you, but you have to go there every day, the time they tell you to go there
1354 |1171 |01:42:04 ~-~-> 01:42:08 |and stay there, as long as they tell you to stay there or you don't maintain that
1355 |1172 |01:42:08 ~-~-> 01:42:16 |gainful employment. If you go outside of the parameters, you lose the job. That
1356 |1173 |01:42:16 ~-~-> 01:42:19 |means you lose the income. That's like blowing your account in trading, well,
1357 |1174 |01:42:19 ~-~-> 01:42:23 |in trading, you have to start the same way. You have to submit to the boss
1358 |1175 |01:42:23 ~-~-> 01:42:28 |that's you, your future trading self that knows what they're doing. If you
1359 |1176 |01:42:28 ~-~-> 01:42:32 |have time machine, you go back in time, your future successful self will be
1360 |1177 |01:42:32 ~-~-> 01:42:35 |telling you what I'm telling you. Listen, this is going to suck. It's
1361 |1178 |01:42:35 ~-~-> 01:42:38 |going to be boring. It's going to be a monotonous task. It's going to be
1362 |1179 |01:42:38 ~-~-> 01:42:42 |mundane and redundant, and you're not going to make any money initially for
1363 |1180 |01:42:42 ~-~-> 01:42:49 |months, but stick with it. Stick with it. If you do the experience that you
1364 |1181 |01:42:49 ~-~-> 01:42:55 |garner from it, you glean all this positive self talk, and you focus on the
1365 |1182 |01:42:55 ~-~-> 01:43:00 |things that are are beneficial to you, and you endure the things that are
1366 |1183 |01:43:00 ~-~-> 01:43:04 |hardships and opportunities for you to learn better what you did wrong. But you
1367 |1184 |01:43:04 ~-~-> 01:43:10 |don't vilify those moments. You don't say and I that up. I didn't I didn't do
1368 |1185 |01:43:10 ~-~-> 01:43:13 |that right. If I would have traded with real money there, I would have lost my
1369 |1186 |01:43:13 ~-~-> 01:43:18 |ass. That's That's not how you record any observation in your journal, and
1370 |1187 |01:43:18 ~-~-> 01:43:21 |that's not how you think about it either. You may be watching the tape,
1371 |1188 |01:43:22 ~-~-> 01:43:25 |just watching and observing and saying, Okay, here's an opportunity to see if
1372 |1189 |01:43:25 ~-~-> 01:43:32 |the market behaves a certain manner here. But when it starts to turn on you,
1373 |1190 |01:43:32 ~-~-> 01:43:36 |you should not feel any body symptoms, but you're going to be aware of it. I
1374 |1191 |01:43:36 ~-~-> 01:43:43 |want you to think about it. When you start doing this, you breathe. Breathing
1375 |1192 |01:43:43 ~-~-> 01:43:47 |starts to speed up, or you start breathing through your mouth. That's the
1376 |1193 |01:43:47 ~-~-> 01:43:52 |first indication that you're now feeling stress and anxiety. And if you don't
1377 |1194 |01:43:52 ~-~-> 01:43:56 |check that, you'll develop that as a habit. And when you start trading with
1378 |1195 |01:43:56 ~-~-> 01:44:01 |real money, they will become full blown panic attacks, which will distract you
1379 |1196 |01:44:01 ~-~-> 01:44:05 |from watching the trade, even though the trade may still be viable and profitable
1380 |1197 |01:44:05 ~-~-> 01:44:09 |if you just stick with it, but because it's real money and you're watching the
1381 |1198 |01:44:09 ~-~-> 01:44:13 |ticker of the profit loss, little thing when you when you put a trade on, it'll
1382 |1199 |01:44:13 ~-~-> 01:44:19 |tell you what your open profit or loss is. You're going to be fixed on that and
1383 |1200 |01:44:19 ~-~-> 01:44:24 |not watching the candlesticks, and that's toxic thinking. It's toxic trade
1384 |1201 |01:44:24 ~-~-> 01:44:28 |management. You're trading your equity and you're not trading price action,
1385 |1202 |01:44:29 ~-~-> 01:44:34 |which is why you should not have your P L being shown on trader. I'm trying on
1386 |1203 |01:44:34 ~-~-> 01:44:38 |the trade while you're first taking your your trades, because you want to
1387 |1204 |01:44:38 ~-~-> 01:44:42 |condition yourself to focus on the price action. Is the chart still delivering?
1388 |1205 |01:44:42 ~-~-> 01:44:46 |Is it still doing the things that you were thinking it was expected to do at
1389 |1206 |01:44:46 ~-~-> 01:44:49 |the beginning of your trade, before you even enter the trade? Because as long as
1390 |1207 |01:44:49 ~-~-> 01:44:53 |those things are checking the boxes, yes, yes, yes. Who gives a shit what the
1391 |1208 |01:44:53 ~-~-> 01:44:57 |profit is? Because until you close the trade or get stopped out that month,
1392 |1209 |01:44:57 ~-~-> 01:45:01 |that number is not the number. It's going to be different. Higher, but
1393 |1210 |01:45:01 ~-~-> 01:45:04 |you're watching it because you're getting a dopamine hit every time it
1394 |1211 |01:45:04 ~-~-> 01:45:09 |makes a higher equity high, and then then you're feeling adrenaline and
1395 |1212 |01:45:09 ~-~-> 01:45:14 |cortisol when you're in drawdown. And it was moving away from the highest point
1396 |1213 |01:45:14 ~-~-> 01:45:18 |of the open trade equity, the highest point the profit was there. If you would
1397 |1214 |01:45:18 ~-~-> 01:45:21 |have closed it, then you're going to start thinking, I wish I would have
1398 |1215 |01:45:21 ~-~-> 01:45:25 |closed that. Are you watching price action when you're doing that? No, but
1399 |1216 |01:45:25 ~-~-> 01:45:29 |what are you doing? You're feeding your subconscious fear, anxiety, regret,
1400 |1217 |01:45:30 ~-~-> 01:45:35 |depression. So what are you gonna What are you gonna tap into? The next time
1401 |1218 |01:45:35 ~-~-> 01:45:38 |you sit in front of a chart and you do another engagement of price action,
1402 |1219 |01:45:39 ~-~-> 01:45:43 |entering a trade, even if it's demo, you're going to revert back to that same
1403 |1220 |01:45:43 ~-~-> 01:45:49 |toxic experience that you just left. So you have to be very guarded on how you
1404 |1221 |01:45:49 ~-~-> 01:45:54 |manage your perception of yourself, how you manage yourself, you have to keep
1405 |1222 |01:45:54 ~-~-> 01:45:57 |yourself calm. And
1406 |1223 |01:45:58 ~-~-> 01:46:02 |there's a lot of things that I'm capable of sharing in terms of managing the
1407 |1224 |01:46:02 ~-~-> 01:46:08 |stress and managing the anxiety that will initially be there, but it's mainly
1408 |1225 |01:46:08 ~-~-> 01:46:13 |around your breath, like breathing slow breathing through your nose, and also
1409 |1226 |01:46:13 ~-~-> 01:46:20 |self talk, because if you have your conscience On talking to yourself
1410 |1227 |01:46:20 ~-~-> 01:46:24 |positive saying, Okay, this is I want to see this. This is exactly what I'm
1411 |1228 |01:46:24 ~-~-> 01:46:28 |hoping to see, because this is supporting my original trade idea. But
1412 |1229 |01:46:28 ~-~-> 01:46:33 |even if it turns around, it's okay, because I have a idea that if it goes to
1413 |1230 |01:46:33 ~-~-> 01:46:37 |this threshold, if this was a trade, it would stop me out, and it would be
1414 |1231 |01:46:37 ~-~-> 01:46:41 |minuscule in terms of any damage, that would never take me completely on the
1415 |1232 |01:46:41 ~-~-> 01:46:45 |game. So I'm focusing on what price is doing right now, and everything is
1416 |1233 |01:46:45 ~-~-> 01:46:49 |indicating to me that's still moving in my favor. And every down close candle is
1417 |1234 |01:46:49 ~-~-> 01:46:53 |supporting a move higher, or every up close candle is supporting lower prices
1418 |1235 |01:46:53 ~-~-> 01:46:56 |that still has a target to reach for. There's an inefficiency or relatively
1419 |1236 |01:46:56 ~-~-> 01:46:59 |below that I'm holding for. I'm submitting to that. I don't need to rush
1420 |1237 |01:46:59 ~-~-> 01:47:03 |my stop loss. This is not the last trade I'm going to take. Everything I'm doing
1421 |1238 |01:47:03 ~-~-> 01:47:07 |is I'm doing everything as I'm supposed to. I'm sticking to the process, and it
1422 |1239 |01:47:07 ~-~-> 01:47:11 |feels good doing that. I have no anxiety about this, because everything I'm doing
1423 |1240 |01:47:11 ~-~-> 01:47:16 |is exactly pre planned and pre scripted. I know what this is likely to do, and
1424 |1241 |01:47:16 ~-~-> 01:47:21 |I'm fulfilling my obligation in following this procedures as I should.
1425 |1242 |01:47:22 ~-~-> 01:47:27 |There's nothing negative there is there you're being objective, you're
1426 |1243 |01:47:27 ~-~-> 01:47:32 |reinforcing things positively, and you're canceling out any potential for
1427 |1244 |01:47:32 ~-~-> 01:47:38 |negative stimuli to make you feel regret or fear or anxiety. And that's exactly
1428 |1245 |01:47:38 ~-~-> 01:47:42 |what professional traders are doing, whether audibly, like I just did in the
1429 |1246 |01:47:42 ~-~-> 01:47:46 |beginning, you need to do it audibly. That's why you have to be you have to
1430 |1247 |01:47:46 ~-~-> 01:47:50 |have a space away from everybody else. You don't want anybody looking at you or
1431 |1248 |01:47:50 ~-~-> 01:47:54 |listening to you and interrupting your train of thought. If you have animals
1432 |1249 |01:47:54 ~-~-> 01:47:57 |and pets like I do, they gotta be away from you. Every single time I've allowed
1433 |1250 |01:47:57 ~-~-> 01:48:00 |my pets in, they've always been a distraction, because I'm going to stop
1434 |1251 |01:48:00 ~-~-> 01:48:03 |and pet them and love all over them, and if they ain't enough love for them, then
1435 |1252 |01:48:03 ~-~-> 01:48:07 |they start jumping in my lap, and then all of a sudden, I just missed an
1436 |1253 |01:48:07 ~-~-> 01:48:11 |opportunity to take a partial. And then now what has happened, man, if I would
1437 |1254 |01:48:11 ~-~-> 01:48:15 |have took that partial off, where's my thought process? I'm not in the trade
1438 |1255 |01:48:15 ~-~-> 01:48:19 |anymore. I'm in the I'm in hindsight. I'm hanging on something I should have
1439 |1256 |01:48:19 ~-~-> 01:48:22 |done but didn't do. So I end up usually closing the trade, or at least 50% of
1440 |1257 |01:48:22 ~-~-> 01:48:27 |the trade. That's my mechanism for managing that, because I've already been
1441 |1258 |01:48:27 ~-~-> 01:48:32 |distracted and I could potentially have lost the plot. So to avoid that thing,
1442 |1259 |01:48:33 ~-~-> 01:48:39 |no new interactions. Okay, when my door is closed on my office, no one comes
1443 |1260 |01:48:39 ~-~-> 01:48:44 |knocking and my wife or children keep my pets downstairs. They're not allowed to
1444 |1261 |01:48:44 ~-~-> 01:48:47 |come to the door and scratch and let me know that they want to come and see me.
1445 |1262 |01:48:47 ~-~-> 01:48:51 |I'll see them when I'm done working, or when I'm done doing like these live
1446 |1263 |01:48:51 ~-~-> 01:48:56 |streams or lectures, and this is time to focus, and that's how you manage all
1447 |1264 |01:48:56 ~-~-> 01:49:01 |those things. But you're still going to feel it, and you're gonna have to cope
1448 |1265 |01:49:01 ~-~-> 01:49:07 |with it, and it's manageable, but in the beginning, you're going to feel them.
1449 |1266 |01:49:07 ~-~-> 01:49:13 |You're going to feel all these scary thoughts and feelings and the report
1450 |1267 |01:49:13 ~-~-> 01:49:19 |card mentality. Am I doing this? Am I going to be successful the more times
1451 |1268 |01:49:19 ~-~-> 01:49:24 |you expose yourself to watching price action without pushing a button, the
1452 |1269 |01:49:24 ~-~-> 01:49:28 |more acclimated you are to eventually get to the point where you can do a demo
1453 |1270 |01:49:28 ~-~-> 01:49:33 |trade. Because if you do anything with a demo account, prior to spending time
1454 |1271 |01:49:33 ~-~-> 01:49:36 |with reading price and tape reading and developing these skill sets within
1455 |1272 |01:49:36 ~-~-> 01:49:42 |yourself and managing your expectations, managing your emotions, managing the the
1456 |1273 |01:49:42 ~-~-> 01:49:46 |stimuli that you're receiving by watching price if it moves in your
1457 |1274 |01:49:46 ~-~-> 01:49:49 |favor, when it's not moving in your favor, you don't know anything about
1458 |1275 |01:49:49 ~-~-> 01:49:54 |yourself as a trader. If you're brand new, if you haven't done this, you learn
1459 |1276 |01:49:54 ~-~-> 01:49:57 |just how ill equipped you are when you start trading with real money and you
1460 |1277 |01:49:57 ~-~-> 01:50:01 |don't know how to trade. The only thing that does. Is trading with real money,
1461 |1278 |01:50:01 ~-~-> 01:50:06 |and I don't care if it's $100 account, that's bullshit. That's absolute asinine
1462 |1279 |01:50:06 ~-~-> 01:50:10 |bullshit. To start trading with any amount of money that's real because now
1463 |1280 |01:50:10 ~-~-> 01:50:15 |you have skin in the race. An ass has to tell you to try to learn how to trade
1464 |1281 |01:50:15 ~-~-> 01:50:18 |with real money, or you ain't really learning how to trade. That's an idiot.
1465 |1282 |01:50:19 ~-~-> 01:50:25 |That is an absolutely fucking idiot because you're putting so much toxicity
1466 |1283 |01:50:25 ~-~-> 01:50:30 |and negative thinking around every aspect of your decision making and
1467 |1284 |01:50:30 ~-~-> 01:50:36 |execution and management of that trade that you are fortifying and guaranteeing
1468 |1285 |01:50:36 ~-~-> 01:50:43 |that you're going to always trade in fear anyone that tells you different is
1469 |1286 |01:50:43 ~-~-> 01:50:49 |a fucking liar, and they aren't making money, period. That's this bottom line,
1470 |1287 |01:50:49 ~-~-> 01:50:54 |truth. The only way you're going to get to this point where you're completely
1471 |1288 |01:50:55 ~-~-> 01:51:00 |like you're completely detached like a psychopath, there's no remorse for the
1472 |1289 |01:51:00 ~-~-> 01:51:05 |victim. On the other side of my trade. I have zero fucking empathy for the person
1473 |1290 |01:51:05 ~-~-> 01:51:09 |that's on the other side of my trade. I have zero empathy. I don't lose sleep
1474 |1291 |01:51:09 ~-~-> 01:51:15 |over them. I'm not worried about that. I don't care. I want them to lose. I want
1475 |1292 |01:51:15 ~-~-> 01:51:20 |any person that's on the other side of my trade, I want them to fucking lose.
1476 |1293 |01:51:21 ~-~-> 01:51:30 |That's the way we eat here, like a lion, like wolves, they don't want to torture
1477 |1294 |01:51:30 ~-~-> 01:51:34 |they don't want to torture the animal, but they want to kill it because they
1478 |1295 |01:51:34 ~-~-> 01:51:37 |want to devour and eat it because they need that sustenance. They want to feed
1479 |1296 |01:51:37 ~-~-> 01:51:43 |themselves. They want to feed their their pride or their pack? Well, I have,
1480 |1297 |01:51:44 ~-~-> 01:51:49 |I have a family, and I'm fucking alpha, so I have to do things and make
1481 |1298 |01:51:49 ~-~-> 01:51:54 |decisions that I can live with or have to live with, and the only way you're
1482 |1299 |01:51:54 ~-~-> 01:51:58 |going to get through this without a conscience and moral dilemma is that
1483 |1300 |01:51:59 ~-~-> 01:52:04 |everybody understands the risks. And if you've ever listened to me, you
1484 |1301 |01:52:04 ~-~-> 01:52:09 |understand that it's hard, it's going to take you longer. It's not going to be
1485 |1302 |01:52:09 ~-~-> 01:52:14 |easy for you. But once you understand you and what you're trying to do, and
1486 |1303 |01:52:14 ~-~-> 01:52:17 |you spend time in the charts, trading will get real, real easy for you,
1487 |1304 |01:52:17 ~-~-> 01:52:21 |because you're going to do a whole lot less trading. Whereas right now, you
1488 |1305 |01:52:21 ~-~-> 01:52:26 |want to do it every day, every session, multiple times. You think high frequency
1489 |1306 |01:52:26 ~-~-> 01:52:30 |trading is an everyday appetite that you should walk into these markets with.
1490 |1307 |01:52:30 ~-~-> 01:52:37 |It's not. You have to have a balance. And without balancing, I see we're
1491 |1308 |01:52:37 ~-~-> 01:52:41 |talking the whole way out of this there. Well, we traded down into this area here
1492 |1309 |01:52:42 ~-~-> 01:52:47 |we hit it, and then went up for the relative equal highs, and it did that.
1493 |1310 |01:52:47 ~-~-> 01:52:53 |What time is it? 10 o'clock? So there you go. So that's a pretty good read on
1494 |1311 |01:52:53 ~-~-> 01:52:59 |a 15 second chart, right? I'm on 15 second, yeah. So how much? How much
1495 |1312 |01:52:59 ~-~-> 01:53:05 |could you have harvested from all the fluctuations today. That's your that's
1496 |1313 |01:53:05 ~-~-> 01:53:11 |your homework. Go through all this price action, all of the previous price
1497 |1314 |01:53:11 ~-~-> 01:53:15 |action, after 830 over here, how much of that could you reasonably expect for
1498 |1315 |01:53:15 ~-~-> 01:53:19 |yourself? Low end, it don't do the high end Don't do the best scenario of where
1499 |1316 |01:53:19 ~-~-> 01:53:23 |you could have got a perfect entry and a perfect exit. Could you have taken 25
1500 |1317 |01:53:24 ~-~-> 01:53:31 |handles out of this today? Could you have taken 110 handle trade with little
1501 |1318 |01:53:31 ~-~-> 01:53:36 |to no drawdown? Could you have taken 50 handles out explore that, go into the
1502 |1319 |01:53:36 ~-~-> 01:53:39 |price action and look for those types of things. And by doing that, unless you
1503 |1320 |01:53:39 ~-~-> 01:53:44 |start seeking and looking for it, you're not going to discover what your ideal
1504 |1321 |01:53:44 ~-~-> 01:53:50 |model is. Your ideal model might simply just be 20 handles a day. It might be 15
1505 |1322 |01:53:50 ~-~-> 01:53:54 |handles a day, and you're content with that. You're done. Others, it might be
1506 |1323 |01:53:54 ~-~-> 01:53:58 |75 handles, and it might take you 325 handle runs to get it. There's nothing
1507 |1324 |01:53:58 ~-~-> 01:54:05 |wrong with that, but I don't want to press you into a specific locked in only
1508 |1325 |01:54:05 ~-~-> 01:54:12 |this way, because my my methods afford you flexibility. You can do whatever you
1509 |1326 |01:54:12 ~-~-> 01:54:16 |want to do. All you have to do is know when the price is going to behave in a
1510 |1327 |01:54:16 ~-~-> 01:54:22 |manner that is conducive for that to pan out. Look at this 15 second chart. This
1511 |1328 |01:54:22 ~-~-> 01:54:27 |looks like it's like a whole week of price action, but every individual
1512 |1329 |01:54:27 ~-~-> 01:54:33 |candlestick is 15 seconds. So everything you're seeing here is no different than
1513 |1330 |01:54:33 ~-~-> 01:54:37 |what you would have looked at over the span of a week with a one hour chart.
1514 |1331 |01:54:41 ~-~-> 01:54:46 |There's opportunities all the time, all the time, and I said I was going to show
1515 |1332 |01:54:46 ~-~-> 01:54:54 |you that one second chart at 830 just to show you that it's pretty much
1516 |1333 |01:54:54 ~-~-> 01:54:58 |untradable. At 830 when it first released, you either had to be
1517 |1334 |01:54:58 ~-~-> 01:55:00 |positioned beforehand, or you just. Mistake.
1518 |1335 |01:55:14 ~-~-> 01:55:17 |So if you like, today's lesson and you learn something, the way, you tell me,
1519 |1336 |01:55:18 ~-~-> 01:55:20 |is you have the thumbs up button.
1520 |1337 |01:55:30 ~-~-> 01:55:33 |I don't notice your thumbs down if you do that, and it doesn't change anything
1521 |1338 |01:55:33 ~-~-> 01:55:37 |when you do. I just look at the number. I don't look at the analytics page about
1522 |1339 |01:55:37 ~-~-> 01:55:45 |it. Some people obsess about that. I think it's pointless. So this is a one
1523 |1340 |01:55:45 ~-~-> 01:55:52 |second chart that means every single candlestick in this time frame is
1524 |1341 |01:55:52 ~-~-> 01:55:59 |represented by one second of open, high, low and close. So right here, that's 830
1525 |1342 |01:56:00 ~-~-> 01:56:04 |right there at the turn of 830 even notice, there's no there's no additional
1526 |1343 |01:56:04 ~-~-> 01:56:08 |seconds or anything like that. And then we had this big run. So in one second,
1527 |1344 |01:56:10 ~-~-> 01:56:17 |we traversed from 17,009 86 and three quarters, to 18,037 and three quarters.
1528 |1345 |01:56:18 ~-~-> 01:56:29 |So in one second, boom, just like that, 50 handles or so one second. If you're
1529 |1346 |01:56:29 ~-~-> 01:56:34 |offside and you're trading one contract, man, you're getting pinched, aren't you?
1530 |1347 |01:56:34 ~-~-> 01:56:39 |What happens if you're doing that 15 contract, trying to use it from an
1531 |1348 |01:56:39 ~-~-> 01:56:47 |account? You're smoked Well, let me get the refund this account. Link here and
1532 |1349 |01:56:47 ~-~-> 01:56:54 |put that through. Got a line tell my wife had to buy a tire. Market drops
1533 |1350 |01:56:54 ~-~-> 01:57:03 |down, rallies again. What is this? What's that right there? It's a fair
1534 |1351 |01:57:03 ~-~-> 01:57:11 |value gap. But where is it? What's this level here? Consequence, encroachment on
1535 |1352 |01:57:11 ~-~-> 01:57:17 |Wednesdays, New Day opening gap. So you have a fair value gap, it drops down
1536 |1353 |01:57:17 ~-~-> 01:57:18 |123,
1537 |1354 |01:57:20 ~-~-> 01:57:23 |times rally
1538 |1355 |01:57:25 ~-~-> 01:57:32 |trading up into Tuesday's New Day, opening gap trades back down into all of
1539 |1356 |01:57:32 ~-~-> 01:57:36 |this, which is a balanced price range. What makes us a balanced price range? If
1540 |1357 |01:57:36 ~-~-> 01:57:37 |you look inside,
1541 |1358 |01:57:39 ~-~-> 01:57:42 |do you have come on,
1542 |1359 |01:57:51 ~-~-> 01:58:00 |up down, up down. So it's painted like, say, this is a wall in your house. The
1543 |1360 |01:58:00 ~-~-> 01:58:05 |paint is coming off that roller. Really ample, really nice. And then you start
1544 |1361 |01:58:05 ~-~-> 01:58:09 |going to another area where there's no paint yet, and you paint all this up
1545 |1362 |01:58:09 ~-~-> 01:58:12 |here, and then you come right back down to where you finished before. You don't
1546 |1363 |01:58:12 ~-~-> 01:58:16 |need to go deep into that. Why? Because this has all been balanced. That's why
1547 |1364 |01:58:16 ~-~-> 01:58:19 |you see it's right down to here. There's no need for it to explore into this
1548 |1365 |01:58:19 ~-~-> 01:58:27 |range deeper so what is it doing? Using quadrants of that same balance price
1549 |1366 |01:58:27 ~-~-> 01:58:32 |range, put your fiber or something like that, and study that see what it's
1550 |1367 |01:58:32 ~-~-> 01:58:40 |doing. Everything is mathematically controlled by an algorithm. Everything
1551 |1368 |01:58:40 ~-~-> 01:58:45 |but it has to refer to specific things in price action that's already happened.
1552 |1369 |01:58:45 ~-~-> 01:58:51 |All of these calculations are happening so fast because it's computerized, and
1553 |1370 |01:58:51 ~-~-> 01:58:57 |it's cycling through time frames like real quick, and it's referring back to
1554 |1371 |01:58:57 ~-~-> 01:59:00 |them really quick, and making decisions and bang. But you think this is buying
1555 |1372 |01:59:00 ~-~-> 01:59:04 |and selling pressure, because it's easier to disbelieve that it's easier to
1556 |1373 |01:59:04 ~-~-> 01:59:08 |believe that, and it makes you sleep at night that it can't be this manipulated
1557 |1374 |01:59:08 ~-~-> 01:59:11 |and controlled, because if it's this manipulated controlled, that means that
1558 |1375 |01:59:11 ~-~-> 01:59:14 |they have strings on it, and they can tug their strings anytime they want and
1559 |1376 |01:59:14 ~-~-> 01:59:17 |have an outcome if they want to see and that's all I'm trying to tell you.
1560 |1377 |01:59:17 ~-~-> 01:59:20 |That's what it is. And you shouldn't be mad about that. You should be thankful
1561 |1378 |01:59:20 ~-~-> 01:59:23 |that the markets are rigged. I am. I'm certainly thankful of it. I don't look
1562 |1379 |01:59:23 ~-~-> 01:59:27 |at like a casino and say, You assholes. I know if I go there, I'm going to lose
1563 |1380 |01:59:27 ~-~-> 01:59:30 |my money, because it's rigged to the degree that you're going to screw you if
1564 |1381 |01:59:30 ~-~-> 01:59:33 |you start winning, they're going to escort you out the door. You're not
1565 |1382 |01:59:33 ~-~-> 01:59:36 |going to be allowed to play there anymore. Ask any count card, any card
1566 |1383 |01:59:36 ~-~-> 01:59:41 |counter in Las Vegas, they know him, and they're not allowed to be in there
1567 |1384 |01:59:41 ~-~-> 01:59:46 |because they're beating them. Does that sound like it's a fair place to gamble
1568 |1385 |01:59:46 ~-~-> 01:59:53 |at no if somebody can count cards, guess what? It's not easy to do. It's not easy
1569 |1386 |01:59:53 ~-~-> 01:59:57 |to do that. So they have a skill set, and they're matching that skill set
1570 |1387 |01:59:57 ~-~-> 02:00:01 |against your probabilities and your stack decks. In the eye in the sky and
1571 |1388 |02:00:01 ~-~-> 02:00:10 |the rib games they use. But even on the smaller time frame, like a one second
1572 |1389 |02:00:10 ~-~-> 02:00:15 |chart, you can see the same phenomenon as repeating fair value gaps, trading to
1573 |1390 |02:00:15 ~-~-> 02:00:26 |the levels, reacting off of them. You It's gravitating around the lower
1574 |1391 |02:00:26 ~-~-> 02:00:31 |quadrant in the midpoint. Consequence, look at respect to here a one second
1575 |1392 |02:00:31 ~-~-> 02:00:39 |chart. Look at respected there of the bodies. All this in here on a one second
1576 |1393 |02:00:39 ~-~-> 02:00:44 |chart. And there's no algorithm. There's no way, there's an algorithm. There's no
1577 |1394 |02:00:44 ~-~-> 02:00:47 |way you could never prove to me. ICT, there's an algorithm. Where is this
1578 |1395 |02:00:47 ~-~-> 02:00:53 |algorithm? At Tom who guard, someone sent me a clip Tom who guard said, Where
1579 |1396 |02:00:53 ~-~-> 02:00:57 |is this algorithm? It's in your charts. That's the closest thing you're ever
1580 |1397 |02:00:57 ~-~-> 02:01:02 |going to see. But if you don't want to believe it, because it upsets your
1581 |1398 |02:01:02 ~-~-> 02:01:07 |narrative or your your school of thought. It's just much painless, much
1582 |1399 |02:01:07 ~-~-> 02:01:12 |more painless for you to say, No, I don't believe in an algorithm. Okay,
1583 |1400 |02:01:14 ~-~-> 02:01:17 |you're not going to make me have the same thought process. That's for sure.
1584 |1401 |02:01:17 ~-~-> 02:01:23 |That's not going to happen with me. But look at look at this. This is a, you
1585 |1402 |02:01:23 ~-~-> 02:01:27 |know, Tuesdays New Day opening gap, and you're looking for support resistance
1586 |1403 |02:01:27 ~-~-> 02:01:31 |and failing at it, because the support resistance lines you're putting on is
1587 |1404 |02:01:31 ~-~-> 02:01:35 |what the books tell you to do an old high and old low, and we target those
1588 |1405 |02:01:35 ~-~-> 02:01:39 |things. You see how that's a completely paired, diametrically opposed paradigm
1589 |1406 |02:01:39 ~-~-> 02:01:45 |shift from what the losing crowds doing over and over and over again, and the
1590 |1407 |02:01:45 ~-~-> 02:01:48 |way they see price, and they're not smart enough to stop doing those things
1591 |1408 |02:01:49 ~-~-> 02:01:56 |and reverse it, just do the opposite of that, and then treat these levels as an
1592 |1409 |02:01:56 ~-~-> 02:02:02 |opportunity to be attacked because there's orders about that. How hard is
1593 |1410 |02:02:02 ~-~-> 02:02:06 |that to understand? I, for the life of me, I don't understand why anybody with
1594 |1411 |02:02:06 ~-~-> 02:02:12 |any common sense can't see the truth in that versus I'm looking for a pie, a
1595 |1412 |02:02:12 ~-~-> 02:02:17 |pattern, a harmonic crossover, this, that hunting ratio trades and all this
1596 |1413 |02:02:17 ~-~-> 02:02:22 |horse it's that's complicated to me. That's a complication. I went through
1597 |1414 |02:02:22 ~-~-> 02:02:28 |all that dumb and I said, Okay, what is the real mechanism here? Because when I
1598 |1415 |02:02:28 ~-~-> 02:02:32 |put a trade on, if I get stopped out, I lost. So if I lost, somebody got that
1599 |1416 |02:02:32 ~-~-> 02:02:38 |money. What were they doing to get to my money? Trading the other direction,
1600 |1417 |02:02:39 ~-~-> 02:02:44 |targeting my stop loss. Well, if that's the case, then it should start happening
1601 |1418 |02:02:44 ~-~-> 02:02:54 |all day long. And there it was, where the these things form timelines. They're
1602 |1419 |02:02:54 ~-~-> 02:02:59 |like traps and snares. Then you lay them down the same spot all the time. You go
1603 |1420 |02:02:59 ~-~-> 02:03:03 |out in the woods. If you ever go anywhere in the woods, you'll see a
1604 |1421 |02:03:03 ~-~-> 02:03:07 |hide. It's called a hide, where hunters will have, usually, like a tree stand or
1605 |1422 |02:03:07 ~-~-> 02:03:13 |something to that effect, and it's sitting there, and they might put deer
1606 |1423 |02:03:13 ~-~-> 02:03:16 |feeders or whatnot all around them, and they just keep feeding because they want
1607 |1424 |02:03:16 ~-~-> 02:03:20 |the deer to keep coming around. And then when they want to show up to hunt, they
1608 |1425 |02:03:20 ~-~-> 02:03:23 |go and they come up in their hide, and they wait for the deer to do what
1609 |1426 |02:03:23 ~-~-> 02:03:28 |they've been trained to do, keep coming here as food. Well, that's what the
1610 |1427 |02:03:28 ~-~-> 02:03:33 |economic counter has done. It's a watering hole for the Lions to wait for
1611 |1428 |02:03:33 ~-~-> 02:03:37 |all the gazelles and the dumb asses to go down there and get a drink. And when
1612 |1429 |02:03:37 ~-~-> 02:03:43 |they go down get a drink, it's their last supper, and lions eat. That's what
1613 |1430 |02:03:43 ~-~-> 02:03:47 |the economic calendar is for me. It tells me the time when the gazelles are
1614 |1431 |02:03:47 ~-~-> 02:03:53 |going to the watering hole. It tells me when my next meal in the marketplace is
1615 |1432 |02:03:53 ~-~-> 02:03:58 |coming to get devoured, and I can choose not to go down to the watering hole if I
1616 |1433 |02:03:58 ~-~-> 02:03:59 |have something better to do.
1617 |1434 |02:04:01 ~-~-> 02:04:02 |And that's a whole lesson in itself.
1618 |1435 |02:04:04 ~-~-> 02:04:07 |Just because that there's time and opportunity for you to be in front of
1619 |1436 |02:04:07 ~-~-> 02:04:11 |chart doesn't mean that you should be. And that's maturity. It's, it's, that's
1620 |1437 |02:04:11 ~-~-> 02:04:16 |you navigating your emotions. Look at this man, look at look how it's
1621 |1438 |02:04:16 ~-~-> 02:04:22 |respecting these levels, some random bullshit line dropped on a chart. That's
1622 |1439 |02:04:22 ~-~-> 02:04:24 |the goobers will tell you, Oh, eventually it's going to touch one of
1623 |1440 |02:04:24 ~-~-> 02:04:29 |those lines missing the entire plot, like missing the whole point of what
1624 |1441 |02:04:29 ~-~-> 02:04:35 |this is doing for you, it's giving you a means of determining where price should
1625 |1442 |02:04:35 ~-~-> 02:04:41 |fluctuate from or gravitate to. This is the real support and resistance that you
1626 |1443 |02:04:41 ~-~-> 02:04:45 |think that these books are teaching you, and when you try to do it, it's never
1627 |1444 |02:04:45 ~-~-> 02:04:49 |the right resistance as it goes through and just keeps trading higher, or it's
1628 |1445 |02:04:49 ~-~-> 02:04:54 |never the right support you try to buy it and just right through it. It's
1629 |1446 |02:04:54 ~-~-> 02:04:58 |demoralizing, isn't it? Consequence of the fair value I got, I told you i.
1630 |1447 |02:05:00 ~-~-> 02:05:02 |I hit the low of it. Boom.
1631 |1448 |02:05:04 ~-~-> 02:05:09 |Look at these levels. Man, this is one second. It looks just like any other
1632 |1449 |02:05:09 ~-~-> 02:05:13 |time frame, doesn't it trading down to the low of Tuesday's new video. Can gap?
1633 |1450 |02:05:16 ~-~-> 02:05:17 |Look at that.
1634 |1451 |02:05:19 ~-~-> 02:05:24 |There's no algorithm. There's no fucking algorithm, man. There's no way that
1635 |1452 |02:05:24 ~-~-> 02:05:26 |these markets are rigged. You could never convince me of it.
1636 |1453 |02:05:32 ~-~-> 02:05:35 |I'm telling you, every time I read somebody in somebody else's YouTube
1637 |1454 |02:05:35 ~-~-> 02:05:39 |channel, comment on that and say shit like that, tell me you're an idiot
1638 |1455 |02:05:39 ~-~-> 02:05:43 |without saying it, that's exactly what you just did, because all you have to do
1639 |1456 |02:05:43 ~-~-> 02:05:48 |is study it and see it. It's there. How the fuck is the buying and selling
1640 |1457 |02:05:48 ~-~-> 02:05:52 |pressure of all the traders in the world, stopping these prices on a dime
1641 |1458 |02:05:52 ~-~-> 02:05:56 |and respecting these levels that no one's ever talked about until I started
1642 |1459 |02:05:56 ~-~-> 02:06:00 |talking about, but you can go back in time before I taught them, and you can
1643 |1460 |02:06:00 ~-~-> 02:06:04 |find them in your chart, but you can't find Tom dick or fucking Harry or
1644 |1461 |02:06:04 ~-~-> 02:06:09 |mentors ever telling you about it. That's not me beating my chest and
1645 |1462 |02:06:09 ~-~-> 02:06:14 |bragging. I'm just trying to show you that this stuff is valid. But the people
1646 |1463 |02:06:14 ~-~-> 02:06:19 |that can't do it or made a very big argument about it online that there's no
1647 |1464 |02:06:19 ~-~-> 02:06:26 |algorithm now they're forced into a huge mob of all of you, now that you know it,
1648 |1465 |02:06:26 ~-~-> 02:06:29 |and some of you are very vocal, and I'm telling you, leave them in your
1649 |1466 |02:06:29 ~-~-> 02:06:34 |ignorance. Just leave them in it. It's better for you to do that. Just let them
1650 |1467 |02:06:34 ~-~-> 02:06:38 |stay stupid. They're just like that gazelle. Only thing they can think of
1651 |1468 |02:06:38 ~-~-> 02:06:41 |is, I gotta get a drink, and there's the water hole. Let me go down there, and
1652 |1469 |02:06:41 ~-~-> 02:06:49 |they're gone, ghosted. And where are we at here? What's that other level I told
1653 |1470 |02:06:49 ~-~-> 02:06:55 |you you could gravitate to? Do you remember that inversion fair value got
1654 |1471 |02:06:55 ~-~-> 02:06:56 |above the breaker? You
1655 |1472 |02:07:12 ~-~-> 02:07:16 |there's that gap I told you about high, low, high or high. This is where I can
1656 |1473 |02:07:16 ~-~-> 02:07:18 |draw to if it goes above here,
1657 |1474 |02:07:20 ~-~-> 02:07:26 |what's your chart? Show it's your chart. Show this. What about that
1658 |1475 |02:07:28 ~-~-> 02:07:33 |into that balanced price range that showed you little bit ago? So what I
1659 |1476 |02:07:33 ~-~-> 02:07:38 |have in front of me when I'm trading, the only thing I work with it today, was
1660 |1477 |02:07:38 ~-~-> 02:07:43 |the laptop that I swear in the Lord's name that all of my monitors that I have
1661 |1478 |02:07:43 ~-~-> 02:07:49 |in front of me are all off. They're they're all off. But what I have on my
1662 |1479 |02:07:49 ~-~-> 02:07:56 |charts is I have a 15 second chart, a one minute chart, a five minute 15 an
1663 |1480 |02:07:56 ~-~-> 02:08:02 |hour, a daily, a weekly, a monthly. And then I have a chart that I call a
1664 |1481 |02:08:02 ~-~-> 02:08:08 |matrix, where it's a five minute four minute three minute two minute one
1665 |1482 |02:08:08 ~-~-> 02:08:14 |minute chart for the NASDAQ, the S, P and the Dow. And what I'm doing is I'm
1666 |1483 |02:08:14 ~-~-> 02:08:19 |looking for s and t divergences on all of them at the same time, when I'm
1667 |1484 |02:08:19 ~-~-> 02:08:24 |anticipating a fair value gap to form, or a run above old highs. I want to see
1668 |1485 |02:08:24 ~-~-> 02:08:29 |it diverge. One of them will fail, and it's like a it's not a necessity for my
1669 |1486 |02:08:29 ~-~-> 02:08:32 |trade, but it's just one of those things I like to see as a qualifier. It gives a
1670 |1487 |02:08:32 ~-~-> 02:08:36 |little bit more quality behind my analysis, where I already think it's
1671 |1488 |02:08:36 ~-~-> 02:08:40 |going to do something anyway, and then it just behaves that way, even more
1672 |1489 |02:08:40 ~-~-> 02:08:45 |quicker and more strongly in my favor. And the speed usually really starts to
1673 |1490 |02:08:45 ~-~-> 02:08:49 |deliver, because I have that signature behind it. So you don't need SMT, like
1674 |1491 |02:08:49 ~-~-> 02:08:54 |you really don't need it to be in your trades. But I like to look for it,
1675 |1492 |02:08:54 ~-~-> 02:08:57 |because it gives me that little bit of, uh, okay, she's going to run now and
1676 |1493 |02:08:57 ~-~-> 02:09:02 |then she starts taking off, whether higher or lower, based on my analysis
1677 |1494 |02:09:02 ~-~-> 02:09:08 |and the SMT forms. So I want you to go back and listen to this again. Okay? And
1678 |1495 |02:09:08 ~-~-> 02:09:11 |you'll hear me talk about how, you know, if I was making the market, I would drop
1679 |1496 |02:09:11 ~-~-> 02:09:15 |it down, take it down into that area, wipe that out, and then run above the
1680 |1497 |02:09:15 ~-~-> 02:09:18 |relative equal highs. Earlier in the day, I told you that it's going to run
1681 |1498 |02:09:18 ~-~-> 02:09:22 |up into here and run up into here. If it goes above there, it's delivered all
1682 |1499 |02:09:22 ~-~-> 02:09:26 |that, folks, I'm a fucking fraud, right? I'm a fraud. I'm out here doing this in
1683 |1500 |02:09:26 ~-~-> 02:09:31 |front of you with a live data feed on the smallest of fucking time frames, one
1684 |1501 |02:09:31 ~-~-> 02:09:34 |second. Can you get any smaller than one second? Trading view, you're not. I know
1685 |1502 |02:09:34 ~-~-> 02:09:38 |you're listening now. Can you give me a time frame less than one second? Because
1686 |1503 |02:09:38 ~-~-> 02:09:44 |if you can, I will trade that too. Okay, I don't have any access to that. Okay,
1687 |1504 |02:09:44 ~-~-> 02:09:49 |it's, it's, this is what it is. So I don't know what else to tell you, folks.
1688 |1505 |02:09:49 ~-~-> 02:09:53 |Either you're going to sit down and listen, take notes and then stop, just
1689 |1506 |02:09:53 ~-~-> 02:09:57 |try it. That's all I'm asking you to do, is try it. I don't have to give you a
1690 |1507 |02:09:57 ~-~-> 02:10:01 |refund because you didn't pay for this. You're putting your. Time in to listen
1691 |1508 |02:10:01 ~-~-> 02:10:07 |to the rules, what it looks like, how to how to practice it, and observe and
1692 |1509 |02:10:07 ~-~-> 02:10:13 |capture the information, logging it. But all of this information doesn't have to
1693 |1510 |02:10:13 ~-~-> 02:10:19 |be on the same chart, but you should, if you can afford yourself a monitor, at
1694 |1511 |02:10:19 ~-~-> 02:10:23 |least one extra monitor, where you can have this information on a blank chart
1695 |1512 |02:10:23 ~-~-> 02:10:27 |without the other stuff there. But because I'm trying to teach you from the
1696 |1513 |02:10:27 ~-~-> 02:10:32 |ground up, a lot of you only have one device. That means you're stuck with one
1697 |1514 |02:10:32 ~-~-> 02:10:38 |chart, one screen. So it's a little bit harder. It's a lot more juggling between
1698 |1515 |02:10:38 ~-~-> 02:10:41 |time frames and whatnot, and you'll have a little bit more stuff on your chart.
1699 |1516 |02:10:42 ~-~-> 02:10:46 |But it's possible to grow from that. But you should have a chart that doesn't
1700 |1517 |02:10:46 ~-~-> 02:10:56 |have, like the fair Bay gap I have here, or that there for these or that. Okay,
1701 |1518 |02:10:56 ~-~-> 02:11:02 |and I taught you yesterday that, sorry, in this too. This shouldn't be earlier,
1702 |1519 |02:11:02 ~-~-> 02:11:07 |so you just have your new day opening gaps and new week opening gaps. I told
1703 |1520 |02:11:07 ~-~-> 02:11:13 |you how many to have and why. I told you how to determine the bias yesterday, and
1704 |1521 |02:11:13 ~-~-> 02:11:17 |I told you how to use these new day gaps. I'm sorry, New Day opening gaps
1705 |1522 |02:11:17 ~-~-> 02:11:21 |and new week opening gaps in relationship to when you anticipate
1706 |1523 |02:11:21 ~-~-> 02:11:25 |price schooling and moving directionally, and how to determine what
1707 |1524 |02:11:25 ~-~-> 02:11:30 |direction it moves for. Well, we were here, where is the clustering of all the
1708 |1525 |02:11:30 ~-~-> 02:11:34 |new day opening gaps? Is it above or below that? Above here, here and here?
1709 |1526 |02:11:35 ~-~-> 02:11:40 |So where's price going to go up? Then I told you, look at that fair value gap
1710 |1527 |02:11:40 ~-~-> 02:11:43 |right there. And then if it's going to go above that, it'll reach into here,
1711 |1528 |02:11:43 ~-~-> 02:11:48 |it's done that I would be done if I was trading I'm done. I'm not doing shit
1712 |1529 |02:11:48 ~-~-> 02:11:50 |now. I'm not worried about the afternoon. I'm going to have a
1713 |1530 |02:11:50 ~-~-> 02:11:54 |strawberry shortcake for birthday cake today. I'm going to chill. I'm probably
1714 |1531 |02:11:54 ~-~-> 02:11:58 |going to watch a movie with my wife in my theater. I'm going to kick back and
1715 |1532 |02:11:58 ~-~-> 02:12:05 |relax and enjoy being 52 you can do this. Folks, do not let these little
1716 |1533 |02:12:05 ~-~-> 02:12:09 |weasel nut motherfuckers on the internet talk you out of it, because it's costing
1717 |1534 |02:12:09 ~-~-> 02:12:13 |you nothing but the effort you put in. If you give it a half ass effort, you're
1718 |1535 |02:12:13 ~-~-> 02:12:18 |going to get it half ass results. You have no excuse. You have no hindrance
1719 |1536 |02:12:18 ~-~-> 02:12:21 |now. You have no reason to be fearful. You have no reason to doubt there's an
1720 |1537 |02:12:21 ~-~-> 02:12:24 |algorithm. You have no reason to believe that these things aren't going to work,
1721 |1538 |02:12:24 ~-~-> 02:12:29 |because they do fucking work. I come out here, I tell you what's going to happen
1722 |1539 |02:12:29 ~-~-> 02:12:34 |over live data on the smallest time, free time, fee, time, time frames and
1723 |1540 |02:12:34 ~-~-> 02:12:40 |feed that you all can verify. You all have live streaming of data, just like I
1724 |1541 |02:12:40 ~-~-> 02:12:45 |do, if you have live data, you watched everything before it happened today,
1725 |1542 |02:12:45 ~-~-> 02:12:51 |again, all of these opportunities that was pointed out to you are not all the
1726 |1543 |02:12:51 ~-~-> 02:12:55 |trades that were available. It's just that's the ones that I think, that I
1727 |1544 |02:12:55 ~-~-> 02:13:01 |believe that my son Caleb, should focus on those initially, but you only need
1728 |1545 |02:13:01 ~-~-> 02:13:05 |one of them, and the one that makes the most sense to you, that's the one that
1729 |1546 |02:13:05 ~-~-> 02:13:10 |you're going to work for and look for in all of your blogging and all your
1730 |1547 |02:13:10 ~-~-> 02:13:13 |forward testing and watching and reading price action without demoing. And then
1731 |1548 |02:13:13 ~-~-> 02:13:17 |when you get real good at noticing and when it's there and how to anticipate
1732 |1549 |02:13:17 ~-~-> 02:13:22 |how it's going to form, it's like a fucking time machine. It's like you can
1733 |1550 |02:13:22 ~-~-> 02:13:26 |predict tomorrow's weather better than the weatherman. You know the winning
1734 |1551 |02:13:26 ~-~-> 02:13:33 |lotteries tomorrow. You know the outcome of a sports event. You're literally a
1735 |1552 |02:13:33 ~-~-> 02:13:38 |time traveler, and you can forecast the future. And it feels like a mutant
1736 |1553 |02:13:38 ~-~-> 02:13:43 |superpower, and when you do it in the front of other people, they have to say
1737 |1554 |02:13:43 ~-~-> 02:13:47 |it has to be fake. This guy has to be a fraud, or this woman is a fraud. She has
1738 |1555 |02:13:47 ~-~-> 02:13:51 |to be a fraud. No one could do this. No one should be able to do this. But yeah,
1739 |1556 |02:13:51 ~-~-> 02:14:04 |here the fuck I am Enigma, something that shouldn't be, but is, and I'm
1740 |1557 |02:14:04 ~-~-> 02:14:16 |gifting this to you. I'm not selfish. I want to see you do well. I know you can
1741 |1558 |02:14:16 ~-~-> 02:14:20 |do it. You just have to believe it too and stick to the processes that I'm
1742 |1559 |02:14:20 ~-~-> 02:14:27 |laying out in front of you. Just do that. Just simply do that. You have an
1743 |1560 |02:14:27 ~-~-> 02:14:31 |advantage that I'm going to be doing this Monday through Friday, unless
1744 |1561 |02:14:31 ~-~-> 02:14:34 |something is scheduled, that I will tell you in advance, or if it's an emergency,
1745 |1562 |02:14:34 ~-~-> 02:14:39 |something comes up, but I'm committing myself to my son understanding how to do
1746 |1563 |02:14:39 ~-~-> 02:14:47 |this, so you're seeing it as he's intended to receive it. Do I look like I
1747 |1564 |02:14:47 ~-~-> 02:14:50 |know what I'm doing? Does it look like I'm scared? Does it look like I am
1748 |1565 |02:14:50 ~-~-> 02:14:55 |confused about what Christ is going to do? Does it seem like this is too good
1749 |1566 |02:14:55 ~-~-> 02:14:58 |to be true, because it fucking should feel like that, and that's how you know
1750 |1567 |02:14:58 ~-~-> 02:15:02 |you're at the right place listening to the. Right person, because there ain't
1751 |1568 |02:15:02 ~-~-> 02:15:06 |nobody else out there that's going to tell you what this price is going to do
1752 |1569 |02:15:06 ~-~-> 02:15:10 |like me, and that is arrogance, and that is me telling you, because I fucking
1753 |1570 |02:15:10 ~-~-> 02:15:17 |earned it. Like it or not. That's the way it is. I saw a comment and I'm going
1754 |1571 |02:15:17 ~-~-> 02:15:23 |to close that guy says, like it or not. ICT has a PhD in technical analysis, and
1755 |1572 |02:15:23 ~-~-> 02:15:26 |the only thing I'm going to submit to that is a correction. I have a PhD in
1756 |1573 |02:15:26 ~-~-> 02:15:30 |technical science, because that's what I've turned this into. It's a fucking
1757 |1574 |02:15:30 ~-~-> 02:15:36 |science. We are the cult of winning, and everybody outside of it wants to be in
1758 |1575 |02:15:36 ~-~-> 02:15:40 |it, but it's too fucking afraid to drink, drink deep, jump in the plasma
1759 |1576 |02:15:40 ~-~-> 02:15:44 |pool, baby. There's enough room for all of you, because it ain't changing. Shit.
1760 |1577 |02:15:44 ~-~-> 02:15:49 |Is this going to be a bigger club of winners, and it can keep going and going
1761 |1578 |02:15:49 ~-~-> 02:15:53 |and going, and who knows who you're going to inspire? Who knows who you are
1762 |1579 |02:15:53 ~-~-> 02:15:57 |going to inspire? Because your success you found in this all the doubt and
1763 |1580 |02:15:57 ~-~-> 02:16:01 |trepidation you've had, I don't know if it works. We're going to find out. We're
1764 |1581 |02:16:01 ~-~-> 02:16:05 |going to find out if. ICT, yeah, you're founding out, aren't you? You want me to
1765 |1582 |02:16:05 ~-~-> 02:16:08 |dance the way you want me to dance, and I'm going to dance the way that I want
1766 |1583 |02:16:08 ~-~-> 02:16:14 |to dance. I have no problem being out here every single day. No problem
1767 |1584 |02:16:14 ~-~-> 02:16:18 |whatsoever. And it's still going to work. It's still going to pan out, it's
1768 |1585 |02:16:18 ~-~-> 02:16:23 |still going to happen. You think this is fun, like you start seeing the entries
1769 |1586 |02:16:23 ~-~-> 02:16:28 |and the profit targets getting hit, in the partials, in the pyramiding all that
1770 |1587 |02:16:28 ~-~-> 02:16:32 |stuff, you ain't gonna be able to fucking sleep. You're gonna be buzzing
1771 |1588 |02:16:32 ~-~-> 02:16:37 |on goofballs. You think I put you to sleep with my talking. You're not going
1772 |1589 |02:16:37 ~-~-> 02:16:41 |to be able to fucking sleep waiting for the next live stream. So with that, it's
1773 |1590 |02:16:41 ~-~-> 02:16:44 |happy birthday. ICT, give me a thumbs up if you enjoyed it. Learn something
1774 |1591 |02:16:44 ~-~-> 02:16:48 |today, and I'll talk to you tomorrow at eight o'clock Eastern Standard.
1775 |1592 |02:16:55 ~-~-> 02:16:56 |Waiting for me sake, I.