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ICT YT - 2024-08-13 - ICT 2024 Mentorship - Lecture 07

Last modified by Drunk Monkey on 2024-08-31 08:02
1 00:05:32 --> 00:05:35 ICT: Well, good morning, Folks, audio check you.
2 00:05:47 --> 00:05:48 Bear with me a second. Here you
3 00:06:35 --> 00:06:43 All right. Well, good morning, folks. Hope everyone's doing well. See. Okay,
4 00:06:43 --> 00:06:51 so if everything is as it should be, you should be seeing a weekly chart of the
5 00:06:51 --> 00:06:53 NASDAQ for September delivery contract month.
6 00:07:00 --> 00:07:10 Let me get my laptop. Hold it better. Alright, so we have had our economic
7 00:07:10 --> 00:07:18 news driver come out at 830 whenever we have that report or similar, like ppi,
8 00:07:18 --> 00:07:25 CPI, not from payroll, you shouldn't be trading that day. You just wait for the
9 00:07:25 --> 00:07:30 opening bell and usually trade the 10 o'clock silver bullet. So if you're
10 00:07:30 --> 00:07:36 really, really forcing yourself to engage on that day, just for practice or
11 00:07:36 --> 00:07:43 just for the experience of it, just wait until the silver bullet for nonprofit.
12 00:07:43 --> 00:07:47 That's the easiest way, in my opinion, and it doesn't always equate to you're
13 00:07:47 --> 00:07:53 going to be winning, but that's the suggestion I would bring forth to you.
14 00:07:53 --> 00:07:59 So if you were NFP kind of guy or gal, that's my recommendation if you're going
15 00:07:59 --> 00:08:04 to be trying to explore that. But I want to take your attention to this low right
16 00:08:04 --> 00:08:10 here. Okay, so on this candle here on the weekly chart of NASDAQ, it's July 22
17 00:08:12 --> 00:08:18 2024, and this is a weekly chart. So I believe that low at 18,008 83, and a
18 00:08:18 --> 00:08:23 quarter, it could touch it, because we have this cell, side imbalance by side
19 00:08:23 --> 00:08:28 and efficiency. We're just about near here. So how far can it keep pressing up
20 00:08:28 --> 00:08:33 into it that far and as much? But I don't have a whole lot of faith in it as
21 00:08:33 --> 00:08:38 of right now, but the midpoint of that wick right there, which would be
22 00:08:38 --> 00:08:44 consequent encouragement, I like the fact that we had the candle close on
23 00:08:44 --> 00:08:51 this weekly range off of its low. The next week we open, we trade up, come all
24 00:08:51 --> 00:08:59 the way back down. So from this candles close and this candles low, all of that
25 00:08:59 --> 00:09:06 range is balanced and all the way back up to here as well. So I like to see
26 00:09:06 --> 00:09:17 some kind of stiff opposition to any forward run higher at the 18,008 83 and
27 00:09:17 --> 00:09:22 a quarter level, okay, so I would count you to have that level on your notepad.
28 00:09:22 --> 00:09:26 If it's on your chart, that's fine, too. It doesn't mean it has to go to that
29 00:09:26 --> 00:09:31 level. Just means that, in my opinion, using a higher Time Frame, broad range
30 00:09:31 --> 00:09:40 observation vantage point, I think that that's probably a likely scenario. If we
31 00:09:40 --> 00:09:46 look at the daily chart, and we can see also that we are just about at the butt
32 00:09:46 --> 00:09:55 end of that candlestick low, so about 10 handles or so thereabouts. So this big
33 00:09:55 --> 00:10:04 candle up here, I. So that's also something to look for. So we'll just
34 00:10:04 --> 00:10:13 call it the 50 what is it? I'm on the wrong cable, sorry, the 54 level. So 854
35 00:10:14 --> 00:10:22 so 854 should be on your chart, and 883 we'll call it 84 just to round it up,
36 00:10:24 --> 00:10:31 and then dropping down to a 60 minute chart. Really wonky type of price action
37 00:10:31 --> 00:10:40 in here just keeps drifting higher 15 minute time frame. This is a really
38 00:10:40 --> 00:10:46 random level and reaction off of that. It was probably some kind of a bullish
39 00:10:46 --> 00:10:50 divergence and some kind of momentum indicator. I'm certain it was probably
40 00:10:50 --> 00:10:58 something to that effect. I'm just kidding the if you look at the new day
41 00:10:58 --> 00:11:03 opening gap, you'll see that's the high. So if we're looking at naked price
42 00:11:03 --> 00:11:12 action, which we're going to try to do that today, okay, if we can just bring
43 00:11:12 --> 00:11:26 in the five minute chart here. All right, so we had our 830 news driver. It
44 00:11:26 --> 00:11:36 rallies up challenges the london session high. So I'll add this. It'll populate
45 00:11:36 --> 00:11:46 all of my previous annotations. Okay, so you can see the new day opening gap high
46 00:11:47 --> 00:11:58 that formed last evening, right there. Okay, so there is the close at five and
47 00:11:58 --> 00:12:04 then reopen at six. And since it's over 20 handles sticking with the rules, the
48 00:12:04 --> 00:12:07 constant encroachment level is annotated, so you can see how we can
49 00:12:07 --> 00:12:12 trade it back down to that level there, and then rallied rather aggressively,
50 00:12:14 --> 00:12:23 order block trades into here. Rallies up, and we've pushed above the London
51 00:12:23 --> 00:12:30 high. So now I'd like to see it either try to make an attempt and fail. You can
52 00:12:30 --> 00:12:37 see all the other levels down here. You see all that. So I'd like to see it make
53 00:12:37 --> 00:12:45 an attempt to try to get to that 54 level and or the 84 level, and I'm in no
54 00:12:45 --> 00:12:52 hurry, but for the sake of looking at where it could potentially reach for I
55 00:12:52 --> 00:12:54 was looking at those Higher timeframes with
56 00:12:59 --> 00:13:07 you. And by the way, I've gone through the comments, I'm pleased to see that
57 00:13:10 --> 00:13:13 you guys are enjoying the live streams and also seeing how the markets are
58 00:13:14 --> 00:13:19 respecting the things I'm covering before the fact. So that's, that's how
59 00:13:19 --> 00:13:23 it should be. Never should be like just always Market Replay. You know, I guess
60 00:13:23 --> 00:13:27 there's a time and place for Market Replay for you as a personal student
61 00:13:27 --> 00:13:32 experience, but you're trying to teach with Market Replay, and it just, it
62 00:13:32 --> 00:13:35 really just promotes the idea that you don't know what you're talking about. If
63 00:13:35 --> 00:13:40 you did, you would just simply do it with live data. And there's no argument
64 00:13:40 --> 00:13:45 around that no one can argue their cells out of that. It's the way it is alright.
65 00:13:45 --> 00:13:54 So all I'm doing is, yeah, we'll go 883, and a half. And that was based,
66 00:13:54 --> 00:13:58 obviously, like I mentioned, on that weekly chart. Then we dropped down to
67 00:13:58 --> 00:14:04 the daily chart, the key level I'm interested in on the daily is here, the
68 00:14:04 --> 00:14:10 weekly is here. So now opening bell, I want to see if it can spike up into and
69 00:14:10 --> 00:14:15 reach up into these levels here. I'm not trying to try to promote any kind of
70 00:14:15 --> 00:14:22 entry idea. I want to see how if it can trade to that daily level or the weekly
71 00:14:22 --> 00:14:26 level, because they've already pushed it up a lot. I'm not interested in buying
72 00:14:26 --> 00:14:31 long. I'm not interested in going short yet. So I just want to sit on my hands
73 00:14:31 --> 00:14:37 and wait. And what I'm trying to do Caleb is, since it's post ppi, post CPI,
74 00:14:37 --> 00:14:42 that type of report, in other words, after that report comes at 830 we don't
75 00:14:42 --> 00:14:49 ever try to do a initial high, initial low, for liquidity sake, you know, into
76 00:14:49 --> 00:14:53 those types of reports, because those types of reports, as I mentioned
77 00:14:53 --> 00:15:01 yesterday and other times in the past, it's extremely manipulated. I. So and
78 00:15:01 --> 00:15:06 because they're usually one sided directional runs, I try not to have any
79 00:15:06 --> 00:15:14 concern right before the CPI number and the PPI number, because nobody has any
80 00:15:14 --> 00:15:22 idea what they're going to do. Okay, if I try to give you a directional bias and
81 00:15:22 --> 00:15:27 or is it's going to reach here, when it does the CPI or the PPI number, you
82 00:15:27 --> 00:15:33 would see that I'm more apt to be incorrect. So if that's what I've
83 00:15:33 --> 00:15:37 noticed over the last 30 years, I'm not having the ability as the daily chart
84 00:15:37 --> 00:15:42 objective to trade to so they want to see if we can trade it at 350 the if
85 00:15:42 --> 00:15:47 that's what my data is suggesting, then that means that there's low probability
86 00:15:47 --> 00:15:51 for me to try to pick a direction or pick a target, pick a liquidity I just
87 00:15:51 --> 00:15:55 let them go in like a hurricane. You can't stop it. Can't stand in front of
88 00:15:55 --> 00:15:59 it, so just simply wait for it to do whatever it's going to do, and then
89 00:16:00 --> 00:16:05 after the after the storm passes, which is 830 and once that initial wave of
90 00:16:05 --> 00:16:09 volatility comes in the marketplace, then you can go and start looking for
91 00:16:09 --> 00:16:15 setups. Okay, what did they leave in the wake of that type of delivery and price?
92 00:16:16 --> 00:16:20 Initially, what I'm looking at is, I like these lows in here. See how they're
93 00:16:20 --> 00:16:27 relatively equal. So I like that one, so we can go and start annotating it now,
94 00:16:27 --> 00:16:37 because this is our initial relative equal lows. So I like this, and we'll
95 00:16:37 --> 00:16:38 just i
96 00:16:52 --> 00:16:56 You may hear my puppies. I'm in the basement today. My wife's up here trying
97 00:16:56 --> 00:17:02 to troubleshoot with a tech with my son's computer. So
98 00:17:11 --> 00:17:16 that's my initial sell side liquidity. So I think this is a factor initially to
99 00:17:17 --> 00:17:23 study. It goes below this low here. We've already ran through it on the 830
100 00:17:23 --> 00:17:28 news, then came back down into the spot set about South Side and efficiency. So
101 00:17:28 --> 00:17:32 you might question, well, why don't you just put your level there? Because I'm
102 00:17:32 --> 00:17:36 teaching my son to focus on relative equal lows and relative equal highs. And
103 00:17:36 --> 00:17:42 what I'm doing here is I'm waiting to see if they're if they can form a
104 00:17:42 --> 00:17:47 relative equal high it doesn't have to. It can go up there where it's at right
105 00:17:47 --> 00:17:52 now and fail and break lower. Or it could go up above 8350, and just keep
106 00:17:52 --> 00:17:57 going higher. I'm not trying to predict that type of price action, because I'm
107 00:17:57 --> 00:18:02 trying to build a idea around the 10 o'clock hour. So hopefully, you know our
108 00:18:02 --> 00:18:08 time together between now and 1030 I do want, I do personally want to close it
109 00:18:08 --> 00:18:15 at 1030 today, just because I want to keep it short. So hopefully by then, you
110 00:18:15 --> 00:18:21 know, I can identify the silver bullet with your life. There's your 883, 84,
111 00:18:21 --> 00:18:29 level. So that's probably random too. When you have something like this, you
112 00:18:29 --> 00:18:35 screenshot it, and the key takeaways is this, forget the fact that it's the PPI
113 00:18:35 --> 00:18:41 number, forget that it's a ppi, a CPI, FOMC. Label it, but you want to go back
114 00:18:41 --> 00:18:46 through price action and say, Okay, from where it was likely to reach to and why,
115 00:18:47 --> 00:18:53 and then from that price point here, all the way to beginning, and the origin of
116 00:18:53 --> 00:18:58 the move, which is here, which is the new the opening gap that was formed at
117 00:18:58 --> 00:19:02 five, and the difference Between that closing price and the opening price at
118 00:19:02 --> 00:19:07 6pm yesterday evening, New York local time. Okay? And then you go back through
119 00:19:07 --> 00:19:10 and you study it. This is a five minute chart, so you can see, we traded into an
120 00:19:10 --> 00:19:15 order block there. They rallied up. We have a breaker trades there with a
121 00:19:15 --> 00:19:19 consequent encroachment, often efficiencies. There's a convergence of
122 00:19:19 --> 00:19:24 several PD arrays there, with the likelihood that it's going to run what
123 00:19:26 --> 00:19:33 here, trades higher comes back down. Trades into the inefficiency. Here
124 00:19:34 --> 00:19:38 rallies again, comes back down once more, trades into the rejection block,
125 00:19:38 --> 00:19:43 which is the down closed candle, closing price trades there and expands through
126 00:19:44 --> 00:19:52 fair value gap forming here with an order block and hold high, very gap
127 00:19:52 --> 00:19:57 trades to it rallies to the daily objective I outlined, and then the
128 00:19:57 --> 00:20:02 weekly. Okay, so on the weekly chart we. Have now traded and closed in that
129 00:20:02 --> 00:20:10 weekly fair value got or city, that's this level here. So you might look at
130 00:20:10 --> 00:20:14 that and say, Well, that was wild. Why didn't take that trade? Because I'm not
131 00:20:14 --> 00:20:19 interested in chasing a a run like this. That's long in the tooth. That means
132 00:20:19 --> 00:20:23 it's, it's been working, it's it's running. I don't want to try to get in
133 00:20:23 --> 00:20:27 the last portion of the move, not to say that this can't go any higher, but you
134 00:20:27 --> 00:20:35 gotta remember what's going on. Everyone now sees what the news driver did at 830
135 00:20:37 --> 00:20:45 right in here. Okay, so that they run here. They want to try to get on board
136 00:20:45 --> 00:20:51 and run with that. And here's the opening price at 930 what's it doing?
137 00:20:51 --> 00:20:58 It's one shot. One shot, excuse me, tongue twister. It's a one sided one
138 00:20:58 --> 00:21:03 shot delivery from open rate to the weekly level I just gave you going at
139 00:21:03 --> 00:21:09 the opening of this live stream. So that's all I would be reaching for if I
140 00:21:09 --> 00:21:14 was going to go along anyway. So what I choose to do is I want to see do they
141 00:21:14 --> 00:21:18 want to take it there, and then I can sit and relax and worry about what it's
142 00:21:18 --> 00:21:22 going to do afterwards, because obviously the market's going to gyrate
143 00:21:22 --> 00:21:26 and move around, right? So we have to build some kind of context as to why
144 00:21:26 --> 00:21:31 we're entering a trade, and if it's so close, like if we're in here, yes, 50
145 00:21:31 --> 00:21:40 handles is 50 handles, but it's chasing 50 handles at the tail end of what's
146 00:21:40 --> 00:21:46 that? 200 handles. Okay, so you're trying to get the last piece of pie, and
147 00:21:46 --> 00:21:50 you know, they say, use your manners. Don't be the person that takes the last
148 00:21:50 --> 00:21:55 thing left on on the serving table. I'm not trying to be the the glutton that
149 00:21:55 --> 00:21:59 wants to catch every single move I've hurt myself doing that. I kind of talked
150 00:21:59 --> 00:22:02 a little bit about that yesterday, I got a lot of feedback, positive feedback
151 00:22:02 --> 00:22:07 about some of the additional content that I talked about yesterday, because
152 00:22:07 --> 00:22:12 I'm counseling my son on how to prevent toxic thinking, and also to kind of like
153 00:22:12 --> 00:22:16 balance the fear and greed aspects and when you start getting success, and how
154 00:22:16 --> 00:22:21 to avoid the tilt when you lose control of what you're doing. And what that
155 00:22:21 --> 00:22:23 means is, if you have a losing trade, you go and you start doing things that
156 00:22:23 --> 00:22:27 are not characteristic to what you initially were trying to trade off of,
157 00:22:27 --> 00:22:32 or, you know, abandon your plate, or trading opportunity or model, and just
158 00:22:32 --> 00:22:35 trading impulsively because you're trying to chase price, and you lose
159 00:22:35 --> 00:22:38 sight in connection with what it is you're trying to do, and then you blow
160 00:22:38 --> 00:22:42 the account, or create such a huge draw down that's very hard to come back from.
161 00:22:43 --> 00:22:50 So I said, I appreciate all the comments I see them, but the people that leave
162 00:22:50 --> 00:22:56 the same comment that says, why? No comments? That person gets banned. I'll
163 00:22:56 --> 00:23:00 never see a comment from you again. That means you do never listen to me, or
164 00:23:00 --> 00:23:04 you're doing you're stealing something stupid, and usually it's from people
165 00:23:04 --> 00:23:08 that don't even follow me. So I'll just burn them, get rid of them. But I
166 00:23:08 --> 00:23:13 appreciate all the positive comments and everyone's support of this new venture
167 00:23:13 --> 00:23:17 here, and Caleb just like so you know that they're thanking you and telling me
168 00:23:17 --> 00:23:24 to thank you for asking to go into teaching you again, because that the
169 00:23:24 --> 00:23:30 unselfish decision you made about making it available to them as well. They
170 00:23:30 --> 00:23:34 appreciate that. So anyway, that's the five minute chart. We went up to our
171 00:23:34 --> 00:23:42 price level here I'm going to drop into a one minute chart now. Okay, so you can
172 00:23:42 --> 00:23:47 see on the moment chart, we have these relative equal lows. Real smooth. I
173 00:23:47 --> 00:23:52 don't like this one because it went slightly lower than that. Okay, if we
174 00:23:52 --> 00:23:57 can get through this and and beyond that low, then my next attention would be
175 00:23:57 --> 00:24:03 right in here. See how smooth that is. That's also right before the 830 news
176 00:24:03 --> 00:24:11 driver. So I'm going to air on the side of it could be just them pumping it up a
177 00:24:11 --> 00:24:16 little bit more and trying to get traders caught offside, chasing it,
178 00:24:16 --> 00:24:23 because it's been going up since last week. Okay? And I just remembered that I
179 00:24:23 --> 00:24:28 didn't show you what I was referring to yesterday. I said how we can use Monday,
180 00:24:28 --> 00:24:32 when there's a an expectation on my part, or anyone that learns my concepts,
181 00:24:32 --> 00:24:40 and the way I internalize price delivery is if I'm anticipating a 20 to 30%
182 00:24:41 --> 00:24:47 retracement on the present or previous week's range. If I don't get that type
183 00:24:47 --> 00:24:52 of delivery on a Friday, which is why I dubbed it TGIF. Thank God it's Friday.
184 00:24:52 --> 00:24:58 If the candle stick for the weekly range is all one sided big bullishness, that
185 00:24:58 --> 00:25:01 type of thing, obviously it'd be one. Side because it's a single candidate
186 00:25:01 --> 00:25:05 makes it weekly, but if it's been predominantly one sided in last week was
187 00:25:05 --> 00:25:12 up predominantly for the indices i mentioned in the live stream on Friday
188 00:25:12 --> 00:25:16 talking to my son, I said, it's, I think it has the potential to do TGIF. That
189 00:25:16 --> 00:25:20 means it could potentially reach into and retrace as much as 20 to 30% of the
190 00:25:20 --> 00:25:24 weekly range last week, but I mentioned yesterday in Monday's live stream on the
191 00:25:24 --> 00:25:31 12th of August 2024 that we didn't see it materialize. So when that happens, we
192 00:25:31 --> 00:25:37 can use that same idea and use the highest hide it forms on Monday and
193 00:25:37 --> 00:25:42 anticipate that type of retracement. And while I'm talking, and we're not really
194 00:25:42 --> 00:25:45 doing anything yet here, technically, you can go and pull up your weekly
195 00:25:45 --> 00:25:50 range, measure your fib low to high, include yesterday's high, and notice
196 00:25:50 --> 00:25:57 where the low of the day formed, and also what, but also was there yesterday,
197 00:25:57 --> 00:26:02 what I was calling for last Friday's New Day opening gap. So there's a
198 00:26:02 --> 00:26:11 convergence and confluence of Friday's New Day opening gap and also the 20%
199 00:26:12 --> 00:26:18 range of that entire, you know, yesterday's high and last week's low. So
200 00:26:18 --> 00:26:23 that's the effect I was referring to, and that's why all the factors where I
201 00:26:23 --> 00:26:27 was saying to you, you know, what are you doing when you're trading on a day
202 00:26:27 --> 00:26:32 like this? You got to do it early. And when I was starting the stream, I was
203 00:26:32 --> 00:26:37 thinking, bear with me one second. I was putting my pups away, and I heard, I'm
204 00:26:37 --> 00:26:42 checked the fib level, and I saw that it was converging with that new day opening
205 00:26:42 --> 00:26:47 gap, which is why I was telling you the watch this. If it goes below the new
206 00:26:47 --> 00:26:52 week opening gap, it can go down to Friday's New Day opening gap. And we
207 00:26:52 --> 00:26:58 watched it pan out like like gangbusters yesterday. So anyway, I did not lose on
208 00:26:58 --> 00:26:58 purpose. By the way,
209 00:26:59 --> 00:27:05 I've teased a lot in the past, but I was generally expecting it trying to get
210 00:27:05 --> 00:27:09 down here and move in my favor. But I saw what was likely to happen, and good
211 00:27:09 --> 00:27:13 old Phil over there slid some dials to the left and the right, and then I came
212 00:27:13 --> 00:27:16 back for the stop, which is kind of like what I said was going to do. It's going
213 00:27:16 --> 00:27:19 to get stopped. I was going to go up and bump my stop. Everybody can see where my
214 00:27:19 --> 00:27:23 stop was. I'm sure everybody was going to try to trade with the same thing,
215 00:27:23 --> 00:27:26 which is reason why you want to watch me live trade anyway, because you want to
216 00:27:26 --> 00:27:32 copy what it is I'm doing. And once it hit the stop, dropped down and went to
217 00:27:32 --> 00:27:38 everything I outlined yesterday, real time. So it's important to try not to be
218 00:27:38 --> 00:27:45 in a rush after a ppi, a CPI number release, because you feel like you're
219 00:27:45 --> 00:27:51 missing the party. So Kayla, when you have these days, it's in it's in my
220 00:27:51 --> 00:27:57 interest to see you try to not participate in these days. To be honest
221 00:27:57 --> 00:28:03 with you, there's plenty of time to grow into the aptitude to work and navigate
222 00:28:03 --> 00:28:08 in these types of days, but try not to put so much emphasis on being able to be
223 00:28:08 --> 00:28:11 successful navigating them. Now, it doesn't mean that you shouldn't be in
224 00:28:11 --> 00:28:17 there, watching price action, logging it and seeing what it has done and then
225 00:28:17 --> 00:28:25 using that as a means of building, you know, building experience, reading it
226 00:28:26 --> 00:28:31 and appreciating the level of risk that these types of days promote the other,
227 00:28:32 --> 00:28:37 you know, other traders or new startups, someone that's really, not really been
228 00:28:37 --> 00:28:42 able to find their model yet, they'll Go in and they will this right here is our
229 00:28:42 --> 00:28:54 initial buy side. So let me draw it quick. Other folks with less experience,
230 00:28:54 --> 00:28:57 they'll see this type of day, and they'll say, Well, you know, I want to
231 00:28:57 --> 00:29:02 be a part of part of that, and hopefully capture, you know, big runs and big
232 00:29:02 --> 00:29:09 money. And I'm going to counsel you to try to avoid that, because there's,
233 00:29:09 --> 00:29:14 there's plenty of time once you have more experience to know with a great
234 00:29:14 --> 00:29:21 deal more, I guess, trust in your ability to see these big news coming,
235 00:29:21 --> 00:29:25 and you don't really need the PPI and CPI numbers to get these types of
236 00:29:25 --> 00:29:31 ranges. You just have to hold for the daily range. Okay, over time, you'll
237 00:29:31 --> 00:29:39 learn that. So what I'm studying here is this wick right there. I'm watching the
238 00:29:39 --> 00:29:42 halfway point. Does it spike into it a little bit above it and reject, or is it
239 00:29:42 --> 00:29:53 completely roll over top of this high and that should not be like that, too
240 00:29:53 --> 00:30:05 many things at one time. Okay, I'm. So I prefer it to take out that high and then
241 00:30:05 --> 00:30:09 start to make an attempt to gravitate down, to take the low here, here, and
242 00:30:09 --> 00:30:13 then work its way down in here, even if it wants to go higher in the afternoon
243 00:30:13 --> 00:30:17 or continuously go higher, I would favor this type of action, simply because
244 00:30:17 --> 00:30:21 it'll give us some framework to work within for the 10 o'clock hour. Okay, so
245 00:30:21 --> 00:30:27 we got about 14 and a half minutes before 10 o'clock, less than that for
246 00:30:27 --> 00:30:32 the 10 o'clock macro, which would begin in about three and a half minutes or so.
247 00:30:32 --> 00:30:39 So, 10 minutes before the top of the hour at 10 to 10, there we go. You have
248 00:30:39 --> 00:30:45 to run above it. Okay, so now we have relative equal highs after the opening
249 00:30:45 --> 00:30:52 bell, so we don't try to do any initial buy side or sell side on ppi and CPI
250 00:30:52 --> 00:31:00 number days. Okay, wait for the opening bell. If we can get the framework within
251 00:31:00 --> 00:31:07 the range of seven to 930 we can go back through that range, because that's
252 00:31:07 --> 00:31:11 they're all operating hours, okay. Just don't want to look at anything prior to
253 00:31:11 --> 00:31:16 seven o'clock, because then you're going to incorporate london session price
254 00:31:16 --> 00:31:21 action, which just kind of makes it a little bit more complex, because there's
255 00:31:21 --> 00:31:26 a lot of different things that that can inspire in terms of specific daily
256 00:31:26 --> 00:31:31 schematics, or profiles, as I call them, like road maps, how the how the daily
257 00:31:31 --> 00:31:35 range will be formed. Doesn't mean that you're going to know exactly. Doesn't
258 00:31:35 --> 00:31:37 mean I'm going to know exactly every single day, but there are
259 00:31:37 --> 00:31:42 characteristics that tend to repeat, and I taught that on the mentorship content.
260 00:31:42 --> 00:31:46 So it's a private mentorship videos and core content lessons that I uploaded on
261 00:31:46 --> 00:31:50 this YouTube channel for free go into the day, day trading section portion of
262 00:31:50 --> 00:31:53 that, and you'll see what I'm referring to. All
263 00:32:02 --> 00:32:08 right, so we have had the buy side ran on relative equal highs post opening
264 00:32:08 --> 00:32:17 bell, and we have no run on sell side, yet. It's just been one straight shot
265 00:32:18 --> 00:32:25 right from the opening bell. Here's 930 should be back down a little bit rallied
266 00:32:25 --> 00:32:25 up.
267 00:32:40 --> 00:32:46 So when we're looking at price, and you know this, Kayla, because every time I
268 00:32:46 --> 00:32:49 sit down with you, I'm kind of explaining it to you. You're not trying
269 00:32:49 --> 00:32:54 to force and what I want to do is I want to see if this gap here that we traded
270 00:32:54 --> 00:33:00 back down into, does it give that up? Okay? Because if it can fail and go go
271 00:33:00 --> 00:33:04 lower. This may be something that's influential for resistance. We're not
272 00:33:04 --> 00:33:07 trying to pick the top, not trying to call the top. We're not trying to call
273 00:33:07 --> 00:33:13 the reversal. We're letting the market tell us very clearly where it wants to
274 00:33:13 --> 00:33:20 go. We already shown 50 handle run off of a daily target and a weekly target.
275 00:33:20 --> 00:33:25 Straight shot to it, just a beautiful illustration of what it is that you're
276 00:33:25 --> 00:33:29 trying to do initially. You're not trying to get entry patterns, okay?
277 00:33:29 --> 00:33:33 You're not trying to pick the best stop loss location or where to move your stop
278 00:33:33 --> 00:33:39 loss. You're trying to get a feel for where the market could genuinely and
279 00:33:39 --> 00:33:44 without a whole lot of back and forth type price action, where it can try to
280 00:33:44 --> 00:33:49 gravitate to and that's the draw on liquidity, and that's the first thing
281 00:33:49 --> 00:33:53 that you're trying to do. And when you give yourself permission that that's all
282 00:33:53 --> 00:33:57 you're trying to do, it makes watching price action enjoyable. It's very it's
283 00:33:57 --> 00:34:01 almost like meditation for me, and I'm pretty good at I can see it, and pretty
284 00:34:01 --> 00:34:05 much know what it's trying to do, and more or less when it's trying to do it.
285 00:34:05 --> 00:34:14 So there we go. We have a run again, and we'll see, does it want to keep that or
286 00:34:14 --> 00:34:20 is it just disrupting everyone that's been wild watching the stream? You I
287 00:34:27 --> 00:34:31 forgot to put my phone on. Do not deserve it's a local number, so I don't
288 00:34:31 --> 00:34:39 know who that is, but I can't talk to you right now. The but the same thing
289 00:34:39 --> 00:34:45 here, if, if we can trade lower again. I'm not trying to buy it. I'm not trying
290 00:34:45 --> 00:34:49 to chase it. It's too long in the tooth for me. And what happens if it just
291 00:34:49 --> 00:34:54 keeps going up? ICT, you know, what do you feel upset about that, that you
292 00:34:54 --> 00:34:59 missed it? It's like say, it runs 400 handles day to do upside I don't care.
293 00:34:59 --> 00:35:06 I. Because, number one, it's going against everything that I have as a
294 00:35:06 --> 00:35:12 comfort and knowing that this is what I choose to do. And what I do is I teach
295 00:35:12 --> 00:35:17 people how to be a buyer in discounts, how to identify discount. Anyone that's
296 00:35:17 --> 00:35:21 trying to go long in this right here is literally chasing price. That's the
297 00:35:21 --> 00:35:26 definition. That's the epitome of chasing price. And you're literally
298 00:35:26 --> 00:35:30 asking the market to take your head right off. And I've done that as a
299 00:35:30 --> 00:35:35 younger man, thinking, Okay, I missed it. I'm going to catch the last portion
300 00:35:35 --> 00:35:38 of it and hope it starts to take off and have one of these big commercial bull
301 00:35:38 --> 00:35:41 markets that Larry Williams was talking about all the time, because I thought
302 00:35:41 --> 00:35:45 every market that had certain characteristics were going to just go
303 00:35:45 --> 00:35:53 straight to the moon. And I got hurt a lot doing that, so I forced myself to
304 00:35:53 --> 00:36:00 wait for it to trade to either, you know, some kind of opposing liquidity
305 00:36:00 --> 00:36:06 and then wait for a failure swing after that, or I look for it to give a clear
306 00:36:06 --> 00:36:13 indication that it wants to go higher after it's gone lower. So it has to go
307 00:36:13 --> 00:36:18 into a retracement that makes sense and goes to a PD array or a liquidity pool
308 00:36:18 --> 00:36:22 that I've already predetermined. So that way I'm not reacting to not being
309 00:36:22 --> 00:36:28 response, responsive or impulsive to what it is I see in price, versus I'm
310 00:36:28 --> 00:36:31 waiting for something to come into my crosshairs, and then when it does, I'm
311 00:36:31 --> 00:36:34 going to pull the trigger, because I know what I want to see happen if I'm
312 00:36:34 --> 00:36:38 going to pull the trigger, I expect my target to fall to its knees and expire
313 00:36:38 --> 00:36:44 right then and there, not Fight me and try to, you know, do battle with me for
314 00:36:44 --> 00:36:47 the outcome of that, that trade, I wanted to just give up the ghost and
315 00:36:47 --> 00:36:51 drop dead, and then I know I have a winner, and I can just manage it and see
316 00:36:51 --> 00:36:59 how much blood I can squeeze from it here, watching where price is right now,
317 00:36:59 --> 00:37:07 it can be rather uncomfortable, because, especially if you're new, the natural
318 00:37:07 --> 00:37:10 impulse is it's going to keep going higher, it's going to keep going higher,
319 00:37:10 --> 00:37:14 it's going to keep going higher. And why shouldn't you just take along? Why
320 00:37:14 --> 00:37:18 shouldn't you be taking this right here as resistance, broken turn support?
321 00:37:18 --> 00:37:21 Because again, it goes against everything that I understand about price
322 00:37:21 --> 00:37:28 action, we opened up after rallying. You know, since this morning, it's been
323 00:37:28 --> 00:37:36 going higher. We had the 830 news driver come out here, came back up, we
324 00:37:36 --> 00:37:43 retraced. We have these smooth levels here. This one here is possible. And
325 00:37:43 --> 00:37:56 right at the opening bell, at 930 right there, that opening price, right there,
326 00:37:56 --> 00:38:00 we opened and in rallied. We came back down and traded into the inefficiency
327 00:38:00 --> 00:38:07 between that candle and that candle, and then rallied. I don't want to be a part
328 00:38:07 --> 00:38:13 of that if I can't be a buyer, which I explained to you why I wasn't willing to
329 00:38:13 --> 00:38:18 buy it before it traded to this level and that level, I'm not interested in
330 00:38:18 --> 00:38:22 taking that trade because the probabilities for me, in my personal
331 00:38:22 --> 00:38:31 style of trading, my way of reading price action, is not it's not conducive
332 00:38:31 --> 00:38:35 for that for me, okay, so while other people may take that trade, others may
333 00:38:35 --> 00:38:39 have went long and maybe have made money, maybe they haven't taken their
334 00:38:39 --> 00:38:43 profits yet and are expecting it to rally higher. If that were the case that
335 00:38:43 --> 00:38:48 we see happening today, that's simply just a move that I wasn't a participant
336 00:38:48 --> 00:38:51 in. I don't have a trade open right now. There's nothing, but there's literally
337 00:38:51 --> 00:38:57 nothing going on for me. I'm waiting for more information, and my interest is how
338 00:38:57 --> 00:39:02 we trade at the 10 o'clock hour. Okay, that's kind of like what I'm I'm dealing
339 00:39:02 --> 00:39:09 I want to see if we can give up this ground that we've made here and try to
340 00:39:09 --> 00:39:12 make an attempt to come back down here and disrupt this smooth little area
341 00:39:12 --> 00:39:18 here. I don't care what it does after that. Okay, so now think about what I'm
342 00:39:18 --> 00:39:25 saying if I'm fortunate enough to see that unfold, and I can outline it in
343 00:39:25 --> 00:39:29 front of you and walk you through it, and it delivers. Does that mean I'm
344 00:39:29 --> 00:39:36 going to go long or hold for short lower prices than that? No, it just means that
345 00:39:36 --> 00:39:41 that would be the end of my interest. The exercise would be complete. My son
346 00:39:41 --> 00:39:49 would see what it is I want him to see you get another illustration of what it
347 00:39:49 --> 00:39:56 is I try to do when I am not in like a quick, overwhelming, overkill hunting
348 00:39:56 --> 00:40:02 mode. This is me on a passive death. Okay, where I'm not extremely
349 00:40:02 --> 00:40:07 interested. I have subtle things that I would like to see happen, and if they
350 00:40:07 --> 00:40:13 can materialize in price action, then I'll explore it. But I won't do maximum
351 00:40:13 --> 00:40:18 leverage. I won't do, you know, crazy pyramiding and stuff like that. It's
352 00:40:18 --> 00:40:24 just I would look for it to happen, go in maybe with one or two contracts that
353 00:40:24 --> 00:40:28 way, if I can get a partial off on one and let the other one run to this
354 00:40:28 --> 00:40:32 objective down here, that's, that's kind of like what I have in mind. But I have
355 00:40:32 --> 00:40:38 to wait for price to give me those, I guess, confirmations that it may, in
356 00:40:38 --> 00:40:44 fact, do it right now it's still too early to determine that. Remember this
357 00:40:44 --> 00:40:50 gap right here I told you that may be influential if we fail. We went up to
358 00:40:50 --> 00:40:55 the weekly objective I was giving you at the start of the live stream. We pierced
359 00:40:55 --> 00:41:01 it and we pierced it once more. So we have three drives here, three drives
360 00:41:01 --> 00:41:04 pattern, or if you have that book I recommended when we first started
361 00:41:04 --> 00:41:07 talking last week, and I've mentioned other times in Twitter spaces, when I
362 00:41:07 --> 00:41:10 was on Twitter, I'm not on Twitter now. I don't have a discord. I'm not on
363 00:41:10 --> 00:41:14 Instagram. If anybody's on Instagram my name, they're fake. Anyone on any other
364 00:41:14 --> 00:41:18 social media, except for this YouTube channel, if you think I'm talking from
365 00:41:18 --> 00:41:23 that account, and it's me running it. It's not true. It's somebody else's
366 00:41:23 --> 00:41:28 taking my stuff and trying to pretend for engagements and whatnot. So they're
367 00:41:28 --> 00:41:33 all just pretenders. But if I'm talking to you, I'm talking to you from this
368 00:41:33 --> 00:41:36 YouTube channel or my community tab on this YouTube channel, so there's no
369 00:41:36 --> 00:41:42 other way for me to be confused with somebody else's, you know, fraud they're
370 00:41:42 --> 00:41:48 doing. They're trying to be me, just using stuff I've already put up. And
371 00:41:53 --> 00:41:58 that book street smarts, there was a little pattern in there, and they they
372 00:41:58 --> 00:42:03 labeled it or named it, the three Indians pattern, which was kind of cute
373 00:42:03 --> 00:42:09 at the time, but it's basically just a simple three drives pattern. It's funny.
374 00:42:09 --> 00:42:14 They don't ever get any flack about renaming something I do, but my stuff
375 00:42:14 --> 00:42:18 isn't renamed anywhere. It didn't exist before me. But I do like patterns that
376 00:42:18 --> 00:42:27 have predated me even, you know, even before my birth. You know, I'm 52 but a
377 00:42:27 --> 00:42:32 lot of classic stuff that happens in price charts. I'd like to look at them
378 00:42:32 --> 00:42:39 as a way of attacking it. And the three drives pattern is no different than
379 00:42:39 --> 00:42:44 anything else, like a bull flag or bear flag. I like to see those things form
380 00:42:44 --> 00:42:48 when I'm opposed to what they may indicate. So in other words, if you're
381 00:42:48 --> 00:42:53 expecting a bull flag, I like seeing them and selling short right inside of a
382 00:42:53 --> 00:42:56 bull flag when I know that the probabilities are likely the market will
383 00:42:56 --> 00:43:02 go, go what we're not higher. And it's very, very satisfying to see that. It's
384 00:43:02 --> 00:43:06 also very satisfying for me to identify diagonal support or resistance and then
385 00:43:06 --> 00:43:11 target the liquidity that would be used in those instances. But a three drives
386 00:43:11 --> 00:43:16 pattern also can fall victim to that. And how do I avoid falling victim to a
387 00:43:16 --> 00:43:20 three drives pattern, a three drives pattern, just so you know, or three
388 00:43:20 --> 00:43:24 Indians, if you want to use the title that Linda rash and Larry Connor's book,
389 00:43:24 --> 00:43:28 street smarts utilizes, or labels, it's usually when the market's going higher.
390 00:43:29 --> 00:43:32 And if it's starting to get close to a level that might be of interest to you,
391 00:43:34 --> 00:43:39 they don't go so much in the detail in the book, the street smarts book, but I
392 00:43:39 --> 00:43:43 like the pattern, because I did see it sometimes form where it tried to go up,
393 00:43:44 --> 00:43:48 made it higher high here. And that's usually when my stochastic indicator was
394 00:43:48 --> 00:43:53 being bearish, showing me a divergence. And I would many times look at that and
395 00:43:53 --> 00:43:57 say, Okay, it's going to retrace lower, and then give me a trend continuation
396 00:43:57 --> 00:44:02 divergence, which is like an indicator that has an oversold reading here, and
397 00:44:02 --> 00:44:06 then it creates a higher low, but the indicator goes lower than the reading it
398 00:44:06 --> 00:44:12 was here. So that's a it's a type two trend following George Lane did not
399 00:44:12 --> 00:44:19 create that. It's not hidden divergence because, you know, George Lane created,
400 00:44:19 --> 00:44:23 it's Nick van nice, he Nick Van Nuys is, that is the guy that gave the trading
401 00:44:23 --> 00:44:27 community the the trend following divergence into the cast. And George
402 00:44:27 --> 00:44:31 lane gets a whole lot of credit for things that he really didn't earn. But
403 00:44:31 --> 00:44:35 that's enough being disrespectful, but it's not meant to be disrespectful. I'm
404 00:44:35 --> 00:44:40 just giving you a history lesson, because that guy, he, he didn't invent
405 00:44:40 --> 00:44:46 it. Let's just put it that way, so I would get burned when I was trying to
406 00:44:46 --> 00:44:49 explore the idea of being a short seller, which made it hard for me,
407 00:44:49 --> 00:44:55 because we remember, I was also more prone to be a buyer because it made
408 00:44:55 --> 00:45:01 sense, buy something cheap, sell at a higher price. In my in. Chauffeur into
409 00:45:03 --> 00:45:07 being a short seller. I liked the pattern of the three drives, or three
410 00:45:07 --> 00:45:12 Indian pattern, where it would go up high, higher, high, and on a third high,
411 00:45:12 --> 00:45:16 usually, not always. Usually it would start to trade lower. And you can get
412 00:45:17 --> 00:45:23 something like a measured move of the load that formed prior to the first high
413 00:45:23 --> 00:45:26 you make. And this is not in the street smarts book. This is from this is the
414 00:45:26 --> 00:45:33 book of ICT talking the low to the first high, okay, that low to whatever the
415 00:45:33 --> 00:45:39 highest third swing high would be. I would measure that, okay, and then what
416 00:45:39 --> 00:45:43 I would look for is, I would look for half of that range to be traded to as an
417 00:45:43 --> 00:45:47 initial target, and then that low, right? There would be my objective. You
418 00:45:47 --> 00:45:50 don't see that in street smarts book. You don't see that in any book that
419 00:45:50 --> 00:45:53 talks about the three drives pattern that they don't they don't have that
420 00:45:53 --> 00:45:57 concept. It's not there. But that's the logic that I was using, because I've
421 00:45:57 --> 00:46:03 seen that pan out more times than anything else. There are people that say
422 00:46:03 --> 00:46:08 that a three drives pattern where it's trading high, high, higher to three
423 00:46:08 --> 00:46:11 higher successive highs, then that creates the long term top and it just
424 00:46:11 --> 00:46:16 continuously reverse, you know, trades lower for a long time. Sometimes, you
425 00:46:16 --> 00:46:19 know, I've seen, certainly, I've seen examples of that, but I've also seen how
426 00:46:19 --> 00:46:24 many times these just create a intermediate term retracement to set up
427 00:46:24 --> 00:46:32 a longer term continuation moving higher. Okay, so while I like the idea
428 00:46:33 --> 00:46:39 of certain aspects of determining and measuring and anticipating visually what
429 00:46:39 --> 00:46:48 a reversal pattern may look like in price action, I'm more inclined to
430 00:46:48 --> 00:46:53 simply wait for the logic that I teach and have taught on the YouTube channel
431 00:46:53 --> 00:46:58 and in mentorship, and in this mentorship here in 2024 where I'm trying
432 00:46:58 --> 00:47:03 to focus just simply on What's the next easiest likelihood of where price is
433 00:47:03 --> 00:47:09 going to go next. And it's very liberating to try to avoid being right
434 00:47:09 --> 00:47:13 about where the weekly chart is going to go and close, because I used to worry
435 00:47:13 --> 00:47:16 about that. I used to worry about where we're going to be three months from now.
436 00:47:18 --> 00:47:24 I don't have to worry about that. So I've disarmed myself as an analyst,
437 00:47:24 --> 00:47:30 where I don't have to have, you know, Olympic level results, and I'm trying to
438 00:47:30 --> 00:47:34 look for just where's the next easy thing. And when I when I say easy
439 00:47:34 --> 00:47:38 meaning that it's easy for me to assume a position, it doesn't mean it's easy
440 00:47:38 --> 00:47:42 for you to see it, just like I see it, and there's a lot of things that are
441 00:47:42 --> 00:47:48 going on the market today, not just today, specifically the 13th of August.
442 00:47:48 --> 00:47:54 I'm saying that in recent years and months that the market has become
443 00:47:54 --> 00:48:01 faster, obviously, and that volatility brings with it a great deal of risk. So
444 00:48:01 --> 00:48:07 you have to know what you're doing and just always going full bore, you know,
445 00:48:07 --> 00:48:12 trying to accelerate to get to the next profitable trade and do more each time.
446 00:48:13 --> 00:48:18 We're not in that kind of climate. We're in a climate where you have to be very
447 00:48:18 --> 00:48:26 careful and try not to be so you like 100 mile an hour. Just slow down and
448 00:48:26 --> 00:48:30 look for a nice, easy setup that makes perfect sense to your model, the
449 00:48:30 --> 00:48:34 parameters that you've made for that model and it fits your your personality.
450 00:48:34 --> 00:48:37 You're not trying to be something that you're really physically not able to do
451 00:48:37 --> 00:48:41 because you won't be comfortable in the model, as I was talking about last week.
452 00:48:41 --> 00:48:47 So we're in 10 o'clock now, okay? And so far, the market's still just pressing
453 00:48:47 --> 00:48:53 higher, and that's fine. I'm in no I'm in no hurry to assume any kind of hard
454 00:48:53 --> 00:48:57 line opinion and true to form, where I was saying, like, you know, we have a
455 00:48:57 --> 00:49:02 high, higher, high and higher high, just because you see see three drives higher
456 00:49:02 --> 00:49:06 doesn't mean it's going to reverse. It doesn't mean that you're going to get a
457 00:49:06 --> 00:49:10 nice sell off. It just means sometimes that if the market is heavily
458 00:49:11 --> 00:49:15 manipulated, and that's what we're seeing on a day like this, you can get
459 00:49:15 --> 00:49:21 ground down to dust. You know the market is can continue continuously. Just keep
460 00:49:21 --> 00:49:26 grinding in one direction. And I I genuinely don't like those types of
461 00:49:26 --> 00:49:30 days, and if I can see days that are starting to show those characteristics,
462 00:49:31 --> 00:49:33 it's very easy for me to say, You know what? I'm going to go watch a movie, I'm
463 00:49:34 --> 00:49:37 going to go read a book, I'm going to go swim, I'm going to go exercise, I'm
464 00:49:37 --> 00:49:41 going to go spend time with my wife, or I'm going to do whatever, you know, but
465 00:49:41 --> 00:49:50 I won't walk, I won't watch the charts, because I want magnitude. I want swings
466 00:49:50 --> 00:49:54 that move around, gyrate. I don't want to be a part of a day that just
467 00:49:54 --> 00:49:59 continuously chips away and just grinds against a direction I don't like that.
468 00:49:59 --> 00:50:03 I. I don't like to be in trades, even if I'm right when they do that. I don't
469 00:50:03 --> 00:50:07 like those types of days. So one of the things that you probably seen over the
470 00:50:07 --> 00:50:12 years, when I show examples and I end up in trades where I am seeing profits
471 00:50:12 --> 00:50:15 build up, and it may be a trade that I've built a large position and
472 00:50:15 --> 00:50:20 pyramiding it, I'm more likely to take a whole lot more partials along the way,
473 00:50:21 --> 00:50:25 because what I'm doing is that I'm managing my emotions in the psychology,
474 00:50:25 --> 00:50:30 psychological war I'm having inside my head that I don't like this, even though
475 00:50:30 --> 00:50:37 it's making the trade more in either pips or or or handles, and the profits
476 00:50:37 --> 00:50:43 just keep building up. I don't like that. I don't like being in that type of
477 00:50:43 --> 00:50:50 environment, because those days are harder for me to determine how far it'll
478 00:50:50 --> 00:50:54 go, and because I don't have the patience that just simply hold on to it
479 00:50:54 --> 00:50:59 and walk away, because I'm looking at every fluctuation in price action. I'm
480 00:50:59 --> 00:51:03 like, you know, a kid in a candy store, if you let go in my hand, mom or dad,
481 00:51:03 --> 00:51:06 I'm going to go over there and start grabbing candy and shoving it in my
482 00:51:06 --> 00:51:11 mouth. I'm going to do that. Okay, that's that's my natural tendency. So
483 00:51:11 --> 00:51:16 for me to balance that, and for me to compensate for that type of wrestling
484 00:51:16 --> 00:51:19 mess, it's always going on in my head. If I am in a day where it's just
485 00:51:19 --> 00:51:24 continuously moving in my favor. You might think that, well, I think he must
486 00:51:24 --> 00:51:27 be chilling like he's just going to hold on to it forever. Actually, I'm not
487 00:51:27 --> 00:51:28 like, I'm
488 00:51:28 --> 00:51:33 literally my I'm crawling in my own skin, because this is not what I want to
489 00:51:33 --> 00:51:37 see. I want to see it really start to run and then give me some kind of
490 00:51:37 --> 00:51:43 additional entry point, even if I am beyond the point at which I can't by
491 00:51:43 --> 00:51:46 money management rules, I can't pyramid anymore new positions to the underlying
492 00:51:46 --> 00:51:52 position, making it bigger. And I taught that already in last mentorship. So I
493 00:51:52 --> 00:51:56 think it was 2020 three's mentorship, or is it 2022 I don't know, but I know I
494 00:51:56 --> 00:52:05 taught it. I'm actually looking for a way to start scaling out of the trade.
495 00:52:06 --> 00:52:10 And there's many times where if I just simply would have just moved my stop one
496 00:52:10 --> 00:52:16 more time just to be at peace with it, if it came back and stopped me out and I
497 00:52:16 --> 00:52:19 just simply waited till 30 minutes before the close. So, so basically,
498 00:52:19 --> 00:52:24 we're saying 30, I'm sorry, yeah, 30 minutes after 3pm 330 New York local
499 00:52:24 --> 00:52:27 time, and then come back and look at the chart and see where I am, and then
500 00:52:27 --> 00:52:31 either take a large portion of the trade off, if it's in profit, or just simply
501 00:52:31 --> 00:52:37 close it. I would make a whole lot more money doing that, but I can't live with
502 00:52:37 --> 00:52:42 myself while I'm in the trade. So that's what I'm talking about. If you have a
503 00:52:42 --> 00:52:46 personality that goes against the grain with some of the things I teach, it
504 00:52:46 --> 00:52:51 doesn't matter how profitable I can show it being or anybody else or a large
505 00:52:51 --> 00:52:54 number of traders, it just means that it's not a right fit for you. And
506 00:52:54 --> 00:52:57 there's nothing wrong with that, just like there's a lot of other things out
507 00:52:57 --> 00:53:03 there that you can trade and you may be trading with, and it's profitable. It
508 00:53:03 --> 00:53:09 doesn't it doesn't vibe with me, like I don't have any any connection to it, and
509 00:53:09 --> 00:53:14 I can't make that type of stuff work with me. So what I'm saying is there are
510 00:53:14 --> 00:53:18 certain characteristics in certain types of days, in the way the price action is
511 00:53:18 --> 00:53:23 being delivered to us. Even with my concepts, I could be in a winning trade
512 00:53:23 --> 00:53:30 and still not feel comfortable in it. And because of that discomfort, I will
513 00:53:30 --> 00:53:33 actively look for ways to just start scaling out of the trade as it's moving
514 00:53:33 --> 00:53:38 in my favor. And what will happen is it's it's many times like this, later on
515 00:53:38 --> 00:53:43 in the day, it has this parabolic run, and if I just would have held onto the
516 00:53:43 --> 00:53:48 trade, I would have had a huge win because of that. But I'm generally not a
517 00:53:48 --> 00:53:53 part of that run because I've wrestled with the the personality traits that I
518 00:53:53 --> 00:53:59 have within me that goes against that. So I'm not comfortable. It's like it
519 00:53:59 --> 00:54:02 makes it feel like I'm long term trading. And I wanted to be like a long
520 00:54:02 --> 00:54:06 term trader when I first started like I wanted to get into a trade and hold it
521 00:54:06 --> 00:54:10 for months, and I discovered I don't have that ability to be that patient,
522 00:54:10 --> 00:54:16 because I have so many opportunities to see different setups. I can trade long
523 00:54:16 --> 00:54:21 and short in the same day while it's going up, but it's harder for me to do
524 00:54:21 --> 00:54:26 that in days like this. So what is that highlighting? It's it's highlighting the
525 00:54:26 --> 00:54:30 fact that I don't have the the ability to be nimble and trade both long and
526 00:54:30 --> 00:54:35 short in intraday price action. And if a day is trading like that, you can rest
527 00:54:35 --> 00:54:39 assured, either I've either been stopped out on trade and not going to go back in
528 00:54:39 --> 00:54:44 again, or I've taken my position out, or I've taken partials off and then got
529 00:54:44 --> 00:54:48 stopped out. I'm not going to resume anymore, because I like to be able to
530 00:54:48 --> 00:54:53 buy and sell on the same day. That, to me, is an ideal technical day. If I can
531 00:54:53 --> 00:54:58 be a buyer and a seller and have range that I can use both sides going long and
532 00:54:58 --> 00:55:04 short, that's. A playground for me, like I am in my element, I will be all in
533 00:55:04 --> 00:55:09 that, just doing all kinds of stuff and taking all kinds of trades. But if the
534 00:55:09 --> 00:55:13 market just continuously grinds in one direction, even if I gave pre market
535 00:55:13 --> 00:55:16 analysis and commentary, if I'm fortunate enough to be on the right side
536 00:55:16 --> 00:55:22 of the marketplace and be in that, I'm squirming in my own skin, because I
537 00:55:22 --> 00:55:29 don't know how to behave in that moment or in that trade, in a balanced in a
538 00:55:29 --> 00:55:34 mindset that's balanced. I'm wrestling constantly. So as I teach and I talk
539 00:55:34 --> 00:55:37 about the mindset aspects of trading, and what you're going to be feeling when
540 00:55:37 --> 00:55:41 you start engaging price, and you start seeing these things pan out and money
541 00:55:41 --> 00:55:46 don't pan out for you because you did it wrong. How do you cope with those
542 00:55:46 --> 00:55:51 things? Well, I'm telling you how I'm coping with it. I'm literally trying to
543 00:55:51 --> 00:55:57 find an exit ramp. And some days where I'm in it, it's like, should I just
544 00:55:57 --> 00:56:01 close all of it, or should I take half of it off there? And if I start
545 00:56:01 --> 00:56:05 wrestling with Hey for all that, just take one contract off and I see how I
546 00:56:05 --> 00:56:10 feel about it. Do I feel any more comfort from it, or is it causing me
547 00:56:10 --> 00:56:14 more concern? I should have took off more if I if I feel like that, then I'll
548 00:56:14 --> 00:56:18 take another partial off as soon as it makes a lower low, if I'm short or a
549 00:56:18 --> 00:56:25 higher high if I'm long, right away, you know, you should be looking at this gap
550 00:56:25 --> 00:56:32 right there and how we left it smooth if it's going to drop. Okay, let's say it's
551 00:56:32 --> 00:56:36 if it's going to drop. And I'm not saying it will or won't. I prefer it,
552 00:56:37 --> 00:56:41 but I would like to see it, take it above these highs here, and then show
553 00:56:41 --> 00:56:48 displacement below that low. If it doesn't do that by 1020 my interest is
554 00:56:48 --> 00:56:51 done for the morning, and I'll kill the stream, and I'll be content with what
555 00:56:51 --> 00:56:57 I've explained in that one but if it continuously goes higher, I'm not
556 00:56:57 --> 00:57:00 interested. I'm going to close the stream. And that's kind of like what I'm
557 00:57:00 --> 00:57:04 getting at. I don't like days like this, where it just keeps powering one side
558 00:57:04 --> 00:57:08 and one side of one side. And everybody out there that wants to find an
559 00:57:08 --> 00:57:11 opportunity to stand on their soapbox and say, Well, see, I see, I see, says
560 00:57:11 --> 00:57:15 this. And here's the trade I took. Well, if you, if you did well doing it, you,
561 00:57:15 --> 00:57:19 I'd be the first one to shake your hand say, Congratulations. You did something
562 00:57:19 --> 00:57:24 that you felt comfortable doing. But I'm not out there saying, you know, trade
563 00:57:24 --> 00:57:27 everything that I teach, and that's the problem with most of my students. They
564 00:57:27 --> 00:57:33 try to do everything that I introduce. And I'm not using everything when I'm
565 00:57:33 --> 00:57:37 trading. I'm picking one thing based on what I think the market's going to do,
566 00:57:37 --> 00:57:41 and if I don't see it materialized, or if the price action is not conducive for
567 00:57:41 --> 00:57:46 the things that I want to try to engage with, then I'm forced to either be
568 00:57:46 --> 00:57:50 impulsive and just go in at the gambler's mindset thinking, Oh, well,
569 00:57:50 --> 00:57:54 you know, this is what I really want to do, but let's throw that out the window
570 00:57:54 --> 00:57:57 and I'm going to just try to trade for the sake of being in there and doing
571 00:57:57 --> 00:58:01 something, yeah, that doesn't make sense. So I have to know what it is I'm
572 00:58:01 --> 00:58:07 trying to do. What is it that I'm looking for? Why should it even be there
573 00:58:07 --> 00:58:12 in the first place? There's a whole lot more to it than just simply saying, I
574 00:58:12 --> 00:58:17 want to trade silver bullets. I'm going to trade, you know, in the macro times,
575 00:58:17 --> 00:58:22 you know? Okay, well, that's wonderful. But what are you trying to do in that 20
576 00:58:22 --> 00:58:27 minute interval? What did you What did you're trying to wait for? There has to
577 00:58:27 --> 00:58:31 be something you know for you to be building the idea around. And right now,
578 00:58:31 --> 00:58:35 I have nothing, except for, whenever I talk about in price action, whatever I'm
579 00:58:35 --> 00:58:40 suggesting to you at that moment, that's the only thing that I see viable. And so
580 00:58:40 --> 00:58:45 far, we've had just the run above these relative equal highs. So we have that.
581 00:58:45 --> 00:58:51 Let's annotate this one here. Okay, but it would have to, it would have to go
582 00:58:51 --> 00:58:55 below here, because it's relative equal lows. It also would be a much more
583 00:58:55 --> 00:59:00 meaningful displacement. I don't want to just use this one. I'm going to use this
584 00:59:00 --> 00:59:03 low here. So I want to see if it can trade below that, maybe a little
585 00:59:03 --> 00:59:06 retracement in there, and then we'll study and see if it wants to make an
586 00:59:06 --> 00:59:12 attempt to get down into this inefficiency and maybe even challenge
587 00:59:12 --> 00:59:16 this going into the lunch hour. But if we make a higher high, that'll close the
588 00:59:16 --> 00:59:19 stream. For me, I won't be interested in doing anything more, even if it were to
589 00:59:19 --> 00:59:23 trade lower after that, after I close the stream, it doesn't make a difference
590 00:59:23 --> 00:59:27 to me. I will be away from the charts. Even my private students won't even see
591 00:59:27 --> 00:59:30 me. Say, here's an example. I'll just simply close the charts and be done
592 00:59:31 --> 00:59:37 looking for my bottled water here.
593 00:59:42 --> 00:59:50 So watch this level in here or not level, I'm sorry this, this gap here.
594 00:59:50 --> 00:59:50 I'm.
595 01:00:04 --> 01:00:10 Now I'm shading that not orange, but the it should technically be orange, because
596 01:00:10 --> 01:00:16 I want to see, can it fail? I want this to fail. I want to see it trade below
597 01:00:16 --> 01:00:21 it, come back up and find stiff resistance on it and try to retrace into
598 01:00:21 --> 01:00:25 the daily range. That's what I want to see. So let me change the color so that
599 01:00:25 --> 01:00:29 way you understand what I'm doing. Because I told you before, if it's ever
600 01:00:29 --> 01:00:34 this color, I'm expecting it to be an inversion characteristic to it, whereas
601 01:00:34 --> 01:00:37 we see it here become a buy side and balance cell sign efficiency, and it
602 01:00:37 --> 01:00:41 trades back down in if we were having a retracement, and it traded down below
603 01:00:41 --> 01:00:44 these lows here, and it did something like that. Then I would love to look for
604 01:00:44 --> 01:00:48 it to go higher off of that. But because we've been one sided, this keeps
605 01:00:48 --> 01:00:51 pressing higher, higher, higher, higher, we created relative equal highs, and
606 01:00:52 --> 01:00:55 then we upset it like I was outlining it. I'd like to see that happen. Then I
607 01:00:55 --> 01:01:00 want to see it reject. It just seems like they're trying to punish anybody
608 01:01:00 --> 01:01:06 that wants to be short, and they keep knocking them out. And then when there
609 01:01:06 --> 01:01:13 is no more sanity in trying to go short through the retail traders perspective,
610 01:01:14 --> 01:01:19 that's when the market will go lower, because they are building liquidity when
611 01:01:19 --> 01:01:24 you do this. If it makes a higher high, I pull the plug and I'm no longer
612 01:01:24 --> 01:01:32 interested. Days like this, ppi, CPI, if they present these types of
613 01:01:32 --> 01:01:37 characteristics, I promise you, okay, I promise you. If you watch other folks on
614 01:01:37 --> 01:01:45 live streams that are YouTube live streams, you'll probably see them do
615 01:01:45 --> 01:01:52 their worst trading in those days. And it's I'm no different in that, in that
616 01:01:52 --> 01:01:57 regard, because, as a trader, we need fluctuations and gyrations and all that
617 01:01:57 --> 01:02:01 stuff and just a constant march in one direction. You know, I'm not, if I'm not
618 01:02:01 --> 01:02:05 in that trade to be the trading the whole daily range, and I wouldn't feel
619 01:02:05 --> 01:02:09 comfortable trading at 930 waiting for the market to create just this little
620 01:02:09 --> 01:02:15 bit of a little tail that's below the day. Can it form like that? Sure. Can
621 01:02:16 --> 01:02:20 I'm I'm more inclined to say, Okay, let it rally, let it by, chase it, then
622 01:02:20 --> 01:02:23 break down, take out some liquidity here, and then if it wants to start
623 01:02:23 --> 01:02:27 going higher, then I'm okay with that, because we went to a discount, right?
624 01:02:28 --> 01:02:34 But you have to be comfortable identifying where your weaknesses are,
625 01:02:35 --> 01:02:39 and that's the point of going slow in the beginning and not using real money,
626 01:02:39 --> 01:02:44 not rushing to a demo account, you have to determine where your weaknesses and
627 01:02:44 --> 01:02:49 your frailties are as a person, as a human, and if you don't identify them
628 01:02:49 --> 01:02:54 and develop coping mechanisms and identifying how you're going to behave,
629 01:02:54 --> 01:02:57 how you're going to how are you going to keep yourself from going on tilt like I
630 01:02:57 --> 01:03:00 was talking about yesterday? How are you going to prevent yourself from blowing
631 01:03:00 --> 01:03:04 the account, from over trading or impulsively pressing the button because
632 01:03:04 --> 01:03:09 you're now in a daze. It's called. It's like the the fog of war when when you're
633 01:03:09 --> 01:03:14 in trades and you tear yourself down with drawdown. Trading is not a sport,
634 01:03:14 --> 01:03:19 it's not a video game, it's war. But much like anyone that goes through war,
635 01:03:19 --> 01:03:23 and I'm not claiming to know that, but my father was in Vietnam, and he never
636 01:03:23 --> 01:03:28 wants to talk about that stuff, so it bothered me. I want to see how it reacts
637 01:03:28 --> 01:03:32 here. I like how it's doing that. Again. I don't want to see a trade above here.
638 01:03:33 --> 01:03:36 It can wick through that. That's fine, because we have this order block. It can
639 01:03:36 --> 01:03:41 go as much as the halfway point on the spike of a wick. But I want to see this
640 01:03:41 --> 01:03:48 area here maintain the bodies or resume and send it lower. But I've learned that
641 01:03:48 --> 01:03:55 folks that have had seen action, okay, where they've been in firefights, and
642 01:03:55 --> 01:04:00 they've seen the the horrors of war, they don't like to talk about it in the
643 01:04:00 --> 01:04:03 people that talk about it, oh, yeah, I was in this. They're either talking
644 01:04:03 --> 01:04:07 other ass making up stuff, or they never saw it at all. But the same thing
645 01:04:07 --> 01:04:12 happens to us as traders when we go through a period of severe drawdown or
646 01:04:12 --> 01:04:16 adversities where you just simply can't find your groove and the markets are
647 01:04:16 --> 01:04:23 hard. That tends to create this fog of war, also where we lose our bearings, we
648 01:04:23 --> 01:04:26 don't really know what we're doing, and we're shell shocked, and that's why
649 01:04:26 --> 01:04:31 people in that condition, they go on tilt like they they don't they don't
650 01:04:31 --> 01:04:36 have the capacity to think rationally, because they they're experienced horror,
651 01:04:37 --> 01:04:41 because they've equated the amount of money that they lost or drill down in
652 01:04:41 --> 01:04:45 their account or the account being blown, they can't think rationally.
653 01:04:45 --> 01:04:50 That's why you'll argue with your spouse. You'll be more abusive to the
654 01:04:50 --> 01:04:54 people around you and more sharp and pointed with your responses, because you
655 01:04:54 --> 01:05:00 view them as another distraction or another way of bombard. You with more
656 01:05:00 --> 01:05:03 stimuli, and you're trying to come to terms with what you just put yourself
657 01:05:03 --> 01:05:07 through. And because you put yourself through it, it's easier for you to
658 01:05:08 --> 01:05:14 associate that pain and that overwhelming, you know, defeat as an
659 01:05:14 --> 01:05:18 external thing or something else contributed to why it happened when it's
660 01:05:18 --> 01:05:27 you that did it. So I don't even know why I'm on this subject matter. On days
661 01:05:27 --> 01:05:32 like this, though, it's easy to get caught up in that, because you're you're
662 01:05:33 --> 01:05:38 you're most likely going into this type of day, and if you're a live streamer,
663 01:05:38 --> 01:05:42 you're going to feel the impulsiveness to want to do something because your
664 01:05:42 --> 01:05:47 people are watching I'm not. I'm not. John Q live streamer, like I'm not. I
665 01:05:47 --> 01:05:50 don't care if you come back and watch the streams. I don't care. I don't need
666 01:05:50 --> 01:05:54 to live on the money that comes from this stuff. I'm not here to try and
667 01:05:54 --> 01:05:57 impress you. I'm here to teach my son, and you're here just to either take
668 01:05:57 --> 01:06:00 notes and see if this stuff has any value for you or not. If you don't, then
669 01:06:00 --> 01:06:04 you won't come back. If you do, you'll keep coming back. It matters not to me,
670 01:06:04 --> 01:06:10 but to manage all of these things. And when do they occur for me? You know,
671 01:06:10 --> 01:06:14 with 30 years experience, I've seen a lot of things in price action, and I
672 01:06:14 --> 01:06:17 know a little thing here and little thing there that tends to work well.
673 01:06:19 --> 01:06:23 When do I put on the brakes and say, I don't really want to engage in price?
674 01:06:23 --> 01:06:27 You know what type of characteristics tell me it's probably not a good idea
675 01:06:27 --> 01:06:31 for me to take a trade if that's the case where we have a day like today,
676 01:06:31 --> 01:06:35 where it's after a high impact news driver, and you already know the PPI and
677 01:06:35 --> 01:06:38 CPI number, especially because it's an election year, they are highly
678 01:06:38 --> 01:06:43 manipulating these these reports. And it's also the Fed. The Fed's in this
679 01:06:43 --> 01:06:50 market, okay? And I said this years ago. I said it in 2016 all through Trump's,
680 01:06:50 --> 01:06:55 you know, his presidency. They were literally just throwing money in here.
681 01:06:55 --> 01:06:59 And it's artificial. There's they're propping the market up. It's not, none
682 01:06:59 --> 01:07:03 of these stocks should be at these levels. There's literally no reason for
683 01:07:03 --> 01:07:08 stocks to be where they're at. They should have crashed years ago, but
684 01:07:08 --> 01:07:14 because people in high seats get paid for doing certain things, I just
685 01:07:14 --> 01:07:18 realized where I'm at. Let me shut up before the stream gets cut again.
686 01:07:20 --> 01:07:25 There's a high degree of motivation for certain things to take place, and the
687 01:07:25 --> 01:07:33 levels of manipulation control and rigging, like a casino, casino on a
688 01:07:33 --> 01:07:39 river boat in the old times. I gave this analogy before on Twitter, spaces where
689 01:07:39 --> 01:07:45 they would have the the roulette wheel will be rigged and, and I told you how
690 01:07:45 --> 01:07:49 they did it. So all everything can be rigged. Everything can be gained if
691 01:07:49 --> 01:07:53 there's money to be made in it, okay? And obviously, the biggest casino in the
692 01:07:53 --> 01:07:59 world is the stock market, and next to that, it's the forex market. So all
693 01:07:59 --> 01:08:07 these things, you know, when you look at the the potential for the benefits of
694 01:08:07 --> 01:08:11 controlling the outcome, if you could find a way to control the outcome or
695 01:08:11 --> 01:08:16 manipulate it so heavily that an outcome is more likely to occur, you don't think
696 01:08:16 --> 01:08:18 there's going to be people that are going to have a vested interest in
697 01:08:18 --> 01:08:25 trying To see that thing pan out like that. So because that's my perspective
698 01:08:25 --> 01:08:29 on the markets, it doesn't have to be for you, and you can go around and
699 01:08:29 --> 01:08:37 believe RSI and you know, price patterns push price around. That is what I'm
700 01:08:37 --> 01:08:40 thinking when I see one sided days where they just keep grinding. You don't have
701 01:08:40 --> 01:08:45 any meaningful retracements. So I know I'm in an environment that's highly and
702 01:08:45 --> 01:08:50 heavily manipulated. So I know that the odds of me being number one accurate to
703 01:08:52 --> 01:08:55 feeling comfortable holding on to the trade, because I know at any time the
704 01:08:55 --> 01:09:01 market gets a slip and reverse on me, whether I'm going short or long, and
705 01:09:01 --> 01:09:05 that I knew that my first stop out on a day like that, when I already know if I
706 01:09:05 --> 01:09:09 see the characteristics showing the signs that I'm on a day where this isn't
707 01:09:09 --> 01:09:16 my, this isn't my foray, like I don't or forte is not my, my strong point as a
708 01:09:16 --> 01:09:23 trader. If I get a stop out, it is a realized loss on a day like that. That
709 01:09:23 --> 01:09:29 is like a multiplier that is extremely painful for me. That's it. That's a loss
710 01:09:29 --> 01:09:33 that I will beat myself up over, and that's why I tell you, as soon as you
711 01:09:33 --> 01:09:37 understand who you are, you have to bloom where you're planted. Try not to
712 01:09:37 --> 01:09:41 do things that are outside your comfort zone. You don't need to do anything
713 01:09:41 --> 01:09:45 outside your comfort zone, because if you are you are doing is has an edge,
714 01:09:45 --> 01:09:49 and you don't need a very, very big edge, you just need to be able to be
715 01:09:49 --> 01:09:52 consistent with it. But you have to guard that edge too. You know, there's,
716 01:09:52 --> 01:09:56 there's individual out there to pretend to be influencers and trade educators.
717 01:09:56 --> 01:10:00 They'll say, you have to, you have to push your edge when you have it. And
718 01:10:00 --> 01:10:05 I've always said that That's stupidity, because no one takes a sharp edge on a
719 01:10:05 --> 01:10:13 knife and constantly use it, use it, use it, use it, and then never hone it, rest
720 01:10:13 --> 01:10:18 it. You know, take care of the edge, because you can push yourself. I have
721 01:10:18 --> 01:10:23 lots of tools. I have lots of things that I can get into the market with, but
722 01:10:23 --> 01:10:29 I also know that as the operator, the person, the the man that is going to be
723 01:10:29 --> 01:10:32 in charge and responsible for the outcome, because I'm pushing the buttons
724 01:10:32 --> 01:10:36 I'm getting in the trade, I'm placing the stop loss and moving that stop loss,
725 01:10:36 --> 01:10:43 I have to assume all that responsibility. So if I know, and if I
726 01:10:43 --> 01:10:49 can identify a environment where I know I'm not in, I'm a fish out of water, if
727 01:10:49 --> 01:10:56 it's a just a grinding one sided deck, if I'm not equipped to identify early
728 01:10:56 --> 01:11:02 enough and have taken partials out and profited in that move, if I get stopped
729 01:11:02 --> 01:11:05 out on that day, and I have already recognized that this is the type of day
730 01:11:05 --> 01:11:10 it is for me, those are the worst for me. That's the worst type of day for me.
731 01:11:10 --> 01:11:15 Because whatever that monetary loss is, and it could be very, very small in my
732 01:11:15 --> 01:11:21 mind, I will magnify that many times over, because I didn't do what I have
733 01:11:21 --> 01:11:26 told myself when I was younger, as soon as I see this type of day, I have to
734 01:11:26 --> 01:11:29 know it, recognize it, and then start taking money off the table, because
735 01:11:30 --> 01:11:35 every single loss on a day like that when I was younger eventually led to me
736 01:11:35 --> 01:11:40 glowing the account, because I was trying to force myself to Be in
737 01:11:40 --> 01:11:45 conditions that I was not comfortable in, and then I would make excuses for
738 01:11:45 --> 01:11:50 why. You know, this didn't do that, and it was it was me, it was me that was
739 01:11:50 --> 01:11:54 doing it wrong. And it's a very hard thing to do when you're learning how to
740 01:11:54 --> 01:11:58 do something like this, because everybody wants to be able to fault
741 01:11:58 --> 01:12:01 something external. You want to be able to be able to say, Oh, it wasn't my
742 01:12:01 --> 01:12:06 fault. You can't blame me. You know, social media, you can't blame me.
743 01:12:06 --> 01:12:10 Internet friends, you can't blame me. You can't blame you know, the person,
744 01:12:10 --> 01:12:16 because that broker did it to me, or that, you know, something external to
745 01:12:16 --> 01:12:19 yourself. Now you chose to put your stop loss there, or you chose not to use a
746 01:12:19 --> 01:12:27 stop loss, and you chose to buy that many contracts or that many lots. If
747 01:12:27 --> 01:12:31 you're trading Forex, you're you're making those decisions, and you have to
748 01:12:31 --> 01:12:36 be responsible with that. So one of, one of the biggest things you're going to
749 01:12:36 --> 01:12:41 have as a hurdle, son, is you need to find what those barriers are for you,
750 01:12:41 --> 01:12:45 where you're uncomfortable, and don't be afraid to identify them, and don't look
751 01:12:45 --> 01:12:49 at them when you discover what they are and say, Well, this is a weakness. That
752 01:12:49 --> 01:12:54 means, you know, I'm going to fail. No, this is how you prevent failure. Because
753 01:12:54 --> 01:12:59 if you go out there on your strong foot in an area where it's quicksand for you,
754 01:12:59 --> 01:13:02 and you know that this is your kryptonite. This is your week. This this
755 01:13:02 --> 01:13:07 is your weakest stage to perform on. Nobody in their right mind would do
756 01:13:07 --> 01:13:11 that. Nobody a glutton for punishment does that. But see, that's the that's
757 01:13:11 --> 01:13:16 the very state of mind that every new trader and every student that comes to
758 01:13:16 --> 01:13:20 me with either pre, pre conceived ideas on what they think they're going to
759 01:13:20 --> 01:13:26 learn versus what, what they have to learn about themselves. First, all of my
760 01:13:26 --> 01:13:31 successful students have gone through this process, and they have, in one way,
761 01:13:31 --> 01:13:37 shape or form, communicated openly in our community as as the individual user
762 01:13:37 --> 01:13:42 groups they they can see who shines and what user group and who doesn't, but the
763 01:13:42 --> 01:13:47 ones that are successful, they've been very candid about what they see as their
764 01:13:47 --> 01:13:52 personal weaknesses, and they don't, they don't feel any shame in that. And
765 01:13:52 --> 01:14:00 that's strength, because what you identified is, okay, I don't want to be
766 01:14:00 --> 01:14:04 in a condition, if you're, if you think of yourself as a Superman or Super Girl,
767 01:14:04 --> 01:14:09 Super Woman, and kryptonite is Superman's weakness, no matter how big
768 01:14:09 --> 01:14:15 and bad he is, okay. You put a a corn flake with Kryptonite on it. He's He's
769 01:14:15 --> 01:14:19 nobody, he's just the average person. Then, well, as a trader, you have to
770 01:14:19 --> 01:14:26 identify where your kryptonite is. And every trader has kryptonite. Mine are
771 01:14:26 --> 01:14:31 internally. It's not that the market's beating me, it's I. I fall on my own
772 01:14:31 --> 01:14:37 sword when I don't identify where I'm at and what, what environment and climate
773 01:14:37 --> 01:14:43 I'm trading in, go back and when you can't rewind. And by the way, I got a
774 01:14:43 --> 01:14:47 lot of people saying I can't rewind the live stream while it's going I like to
775 01:14:47 --> 01:14:52 be able to pause it and break down my notes and all Well, again, I'm not here
776 01:14:52 --> 01:14:57 for you. So because my son watches delayed data, he doesn't have live feed,
777 01:14:57 --> 01:15:04 he doesn't have real time. Him price feeds. He has a delay. So when he's
778 01:15:04 --> 01:15:10 watching the stream, if I'm pointing to something, he knows that there's a delay
779 01:15:10 --> 01:15:14 of however many minutes. I don't know exactly how many minutes it is, but
780 01:15:14 --> 01:15:19 there's a delay. I want him to study. He knows there's something I I commented on
781 01:15:19 --> 01:15:24 real time, so it's coming up, and I want him to practice seeing it materialize on
782 01:15:24 --> 01:15:31 his delayed chart. Okay, so he's not doing trades, he's not even demoing,
783 01:15:31 --> 01:15:35 he's just observing price action. To me, that's the best way of learning it beats
784 01:15:35 --> 01:15:39 Market Replay, because Market Replay is you already know what it's done, but I
785 01:15:39 --> 01:15:45 mentioned in here, just for the sake of our conversation here today, I mentioned
786 01:15:45 --> 01:15:50 how I wanted to see it's that it could spike up with the wicks up to consequent
787 01:15:50 --> 01:15:55 courage. I'm sorry, mean threshold of the order block. Let me take all this
788 01:15:55 --> 01:16:07 stuff off here. You. Now. So how far can it color outside the line of this? This
789 01:16:07 --> 01:16:13 gap I was watching right there, which is the midpoint or mean threshold to trades
790 01:16:13 --> 01:16:19 up to it and then dropped. So we went below this low here. I like that. I want
791 01:16:19 --> 01:16:24 to see. I would prefer to go one more time into this maybe, maybe tap the low
792 01:16:24 --> 01:16:32 of that candle there. It doesn't have to. But right now I would like to see
793 01:16:34 --> 01:16:42 clean this up. I would like to see it kind of like gravitate to these lows and
794 01:16:42 --> 01:16:52 these lows. So I'll highlight like this. And if you're watching, I want you to
795 01:16:52 --> 01:16:58 just relax. Okay, don't, don't have high expectations. Don't, don't demand that
796 01:16:58 --> 01:17:02 it's going to pan out. And don't be afraid if it doesn't, because this is an
797 01:17:02 --> 01:17:07 environment I'm admitting openly to you, trying to show my son that this is, this
798 01:17:07 --> 01:17:10 is where dad doesn't like to trade in. I don't like to trade in these types of
799 01:17:10 --> 01:17:13 days. And I get a lot of questions all the time, like, how do you know when to
800 01:17:13 --> 01:17:16 avoid certain trading days? And what does it look like, and what does it feel
801 01:17:16 --> 01:17:21 like? And what am I feeling? What is what are my concerns? Everything I've
802 01:17:21 --> 01:17:28 outlined here. And honestly, you know, if, if you've been trading for a long
803 01:17:28 --> 01:17:35 time, and you've made money trading, I promise you, in the audience, you're
804 01:17:35 --> 01:17:38 you're telling yourself that this is something that you wish you would have
805 01:17:38 --> 01:17:43 been exposed to soon, you probably had to glean it from your own experience.
806 01:17:43 --> 01:17:48 Painfully, right? I would have given my left arm for this type of teachings
807 01:17:48 --> 01:17:54 because I didn't identify any kind of hardship as a way of determining where
808 01:17:54 --> 01:18:00 my weaknesses would be. So that way I can avoid them. It doesn't make sense
809 01:18:00 --> 01:18:05 like Larry Williams gave a really funny analogy, and I've borrowed it many
810 01:18:05 --> 01:18:11 times. He was referring to how, like, if like, say, you live next to a person
811 01:18:11 --> 01:18:16 with a white picket fence, is a blue house. And I'm kind of going by memory
812 01:18:16 --> 01:18:21 from my lecture, keynote speaker event he did, where he talks about, you know,
813 01:18:22 --> 01:18:26 you walk down this this road, and you pass the same house with the white
814 01:18:26 --> 01:18:30 picket fence, the blue vinyl siding and whatnot, and you see, it's there all the
815 01:18:30 --> 01:18:34 time, and they have a dog that's ferocious, and it runs down to bite
816 01:18:34 --> 01:18:38 anybody that comes by and too close to that fence. And you walk by and you make
817 01:18:38 --> 01:18:41 the mistake of walking too close to the fence, and it bites you and tears into
818 01:18:41 --> 01:18:45 your arm. Okay? Well, the next day you get up, you walk down there and do the
819 01:18:45 --> 01:18:48 same thing. It reaps through the bandages and tears your arm open again.
820 01:18:48 --> 01:18:52 Are you going to do this 50 times before you get the point? You probably
821 01:18:52 --> 01:18:54 shouldn't walk so close to the fence. You probably should walk on the other
822 01:18:54 --> 01:18:59 side of the fence, take a different route. Don't do that, because that is a
823 01:18:59 --> 01:19:06 stage for you to do what experience some adverse reactions. So what I've done,
824 01:19:06 --> 01:19:11 and I didn't do it soon enough, if I was being honest with you, I've spent time
825 01:19:11 --> 01:19:19 in my first, like quarter of my development as a analyst and whatnot. I
826 01:19:19 --> 01:19:24 wanted to see where I was making my biggest errors, and where it was easy
827 01:19:24 --> 01:19:30 for me to make errors. How can I mess it up? When do I mess it up? What are the
828 01:19:30 --> 01:19:34 types of climates and conditions in the marketplace that were prevalent? They're
829 01:19:34 --> 01:19:38 obvious that were there all the time when I was creating these hardships for
830 01:19:38 --> 01:19:43 myself. And it's some of the things I've talked about here today. And
831 01:19:45 --> 01:19:49 have we moved around a little bit? Sure, I'm not going to argue that anybody
832 01:19:49 --> 01:19:52 could see that we've had some fluctuations in price action, but it is
833 01:19:52 --> 01:19:58 not clean price action, meaning that it's not going to obvious levels turning
834 01:19:58 --> 01:20:01 around. I mean, I can talk about certain things. But you can see is a lot of
835 01:20:01 --> 01:20:04 coloring outside the lines, and I had to tell you how far it'd be willing to go
836 01:20:04 --> 01:20:09 here. I don't like that. I want to be in a situation where I can see the expected
837 01:20:10 --> 01:20:15 drop and then have this level here and it not go outside of that. I prefer
838 01:20:15 --> 01:20:20 those types of climates, those those days where they respect the PD arrays,
839 01:20:21 --> 01:20:25 and it's unable to do certain things when I would like to see them fail,
840 01:20:26 --> 01:20:30 because I do want to see PD arrays fail. I want to see that because it gives me
841 01:20:30 --> 01:20:35 confidence that what I'm expecting for directional runs, or where the market
842 01:20:35 --> 01:20:39 may draw to it gives me confidence that that's still going to most likely pan
843 01:20:39 --> 01:20:45 out. And this is just small little, you know, calling Outside the Lines,
844 01:20:47 --> 01:20:51 alright? So right now it would need to start falling out of the bed and going
845 01:20:51 --> 01:20:55 lower if it's going to go lower, if it were to rally and go above this short
846 01:20:55 --> 01:20:58 term high here. Now that kills it for me, and I'm done for the morning, and it
847 01:20:58 --> 01:20:59 kills the session. I'm
848 01:21:05 --> 01:21:11 but ICT, you don't? You want to know ICT would go and probably take a ride with
849 01:21:11 --> 01:21:16 my wife. I'll break out to 21 Corvette and paint drove it in couple weeks. And
850 01:21:16 --> 01:21:22 that's what I tend to do. There's nothing wrong with that. It's my way of
851 01:21:22 --> 01:21:30 dealing with an environment that I'm not interested in. Now, why would I pull the
852 01:21:30 --> 01:21:34 plug on my interest on this day if it goes above this high? Because we have
853 01:21:34 --> 01:21:38 these relative equal lows here that we swept down below, and it's probably
854 01:21:38 --> 01:21:43 going to keep going higher. I'm not interested in being alone today. Well,
855 01:21:43 --> 01:21:46 you know, you don't know how to draw you don't have to trade bullish markets.
856 01:21:46 --> 01:21:51 Okay, everybody has an opinion after I say something, but you're not bringing
857 01:21:51 --> 01:21:54 your live stream, you're not calling the market, you're not telling us what
858 01:21:54 --> 01:21:58 you're doing. You have the benefit of the sidelines and anonymity. What I'm
859 01:21:58 --> 01:22:02 trying to do is teach my son. I'm I'm teaching him with real experience where
860 01:22:02 --> 01:22:07 I've lost real money and I've made real money, and the things that I've exposed
861 01:22:07 --> 01:22:18 myself that were barriers to me developing sooner more comfortable are
862 01:22:18 --> 01:22:23 the things of what I'm referring to today, which, in my opinion, you know,
863 01:22:23 --> 01:22:26 if there was a way for me to talk about this, and I can't write it in a book,
864 01:22:27 --> 01:22:31 because it is too many things that have to be referred to real time as it's
865 01:22:31 --> 01:22:36 happening, it needs to be a dynamic type of lesson. But these are the types of
866 01:22:36 --> 01:22:40 lessons that I can look back on with the experience I have. And how many years
867 01:22:40 --> 01:22:44 looking at these freaking markets, if I would learn these lessons sooner, or if
868 01:22:44 --> 01:22:47 I would have had someone tell me, this is the stuff that matters more than
869 01:22:47 --> 01:22:51 anything else, because this is what wrecks you. This is what takes you out
870 01:22:51 --> 01:22:55 of the game. There's so many things you can do to buy and sell. Everybody has a
871 01:22:55 --> 01:23:00 technique to do it. Everybody does, given the right conditions. You know,
872 01:23:00 --> 01:23:04 anything can be profitable. Flipping a quarter can be if you're, if you're,
873 01:23:05 --> 01:23:10 look well, when I first started trading, you know, I got lucky being a buyer,
874 01:23:10 --> 01:23:14 because the market was in a a commercial bull market. That means it was going to
875 01:23:14 --> 01:23:18 go up regardless. And I was spending time trying to figure out what, what
876 01:23:18 --> 01:23:23 market to buy that would be better than you, and they are all going up, so I had
877 01:23:23 --> 01:23:26 a built in advantage, which I attributed to his initial skill. And it wasn't
878 01:23:26 --> 01:23:32 skill at all. It was literally me being blind luck. And that blind luck can
879 01:23:32 --> 01:23:38 exist for months, but when you no longer have the conditions that are predisposed
880 01:23:38 --> 01:23:46 to move in your favor, you'll find that nothing works. And that was a very I
881 01:23:46 --> 01:23:56 guess, this disenchantment, because I was like, wait a minute, somebody's
882 01:23:56 --> 01:23:59 changed something around here. And because at the time, I didn't know how
883 01:23:59 --> 01:24:02 to trade. I didn't really know how to trade, and I was just trusting
884 01:24:02 --> 01:24:06 indicators, crunching the data for me, and that's all it was.
885 01:24:14 --> 01:24:19 Now looking at this day here, okay, forget the fact that it's probably gonna
886 01:24:19 --> 01:24:22 make a higher high, Okay, forget the fact that it's probably going to use
887 01:24:22 --> 01:24:25 that inefficiency and find some support off of it, because we cleared the
888 01:24:25 --> 01:24:29 liquidity below here, and we're, in my opinion, we're too far up here again.
889 01:24:32 --> 01:24:39 Today has not been, in my opinion, a day that is very easy. It's not clean, it's
890 01:24:39 --> 01:24:44 not a fast, running market where it knows it wants to go somewhere. So I'm
891 01:24:44 --> 01:24:47 not interested in pushing a button. I'm not interested in having a hard, hard
892 01:24:47 --> 01:24:51 line decision I would want to see, obviously, I want to see it, you know,
893 01:24:51 --> 01:24:57 trade down here, but for it to come back up here and create this run through and
894 01:24:57 --> 01:25:03 get that close to that high, what is this? I. Relative equal highs after it's
895 01:25:03 --> 01:25:09 taken liquidity. So the jaggedness is down here. Where is it smooth here? So
896 01:25:09 --> 01:25:14 can it go up here and bump that and then go lower? Can Can it go about here and
897 01:25:14 --> 01:25:18 then run right through this high it can? So now think about what you just did.
898 01:25:19 --> 01:25:24 You nodded your head with me, as I was saying both what is high probability
899 01:25:24 --> 01:25:31 trading, the absence of one of them being true. Remember, high probability
900 01:25:31 --> 01:25:37 is where it's very, very difficult to frame the other side of the market going
901 01:25:37 --> 01:25:42 against what your trade ideas. If you can only paint the scenario that it's
902 01:25:42 --> 01:25:49 going to move higher, and you're trying to be a long bullish trader, and it's
903 01:25:49 --> 01:25:52 very difficult, next to impossible, to frame any chance that it goes lower,
904 01:25:52 --> 01:26:01 unless some freak price move comes in. And that's not likely always. Let me say
905 01:26:01 --> 01:26:06 that correctly, it's not potentially going to occur all that many times, but
906 01:26:06 --> 01:26:11 that always is a underlying risk that it can create some wild price action and
907 01:26:11 --> 01:26:15 Spike move a war type event, you know, some kind of terrorist attack that can
908 01:26:15 --> 01:26:21 cause a shock to the marketplace. Years ago, we used to have surprise rate
909 01:26:21 --> 01:26:24 announcements. We don't see that anymore. That's another reason why I
910 01:26:24 --> 01:26:27 know the Fed's doing things that he really shouldn't be doing. They're
911 01:26:27 --> 01:26:31 involved in the marketplace. They're in it. We don't have any kind of surprise
912 01:26:31 --> 01:26:37 rate cut, surprise rate increase. For some of you millennials, you have no
913 01:26:37 --> 01:26:40 idea what I'm talking about, but for the old heads in the audience, you know
914 01:26:40 --> 01:26:43 exactly what I'm talking about, and that stuff doesn't happen anymore. Doesn't
915 01:26:43 --> 01:26:47 happen anymore. Everything's scheduled. So that means everything is scripted. So
916 01:26:48 --> 01:26:52 there's no there's no chance for the market to be dynamic, and a free market
917 01:26:52 --> 01:26:55 like we're relied to and said, told that this is what it really is, when it's
918 01:26:55 --> 01:27:01 not. It's not been a free market. As soon as Nixon took off the gold
919 01:27:01 --> 01:27:05 standard, it's been rigged, but that's another conversation for another day. I
920 01:27:05 --> 01:27:10 don't have time to go and all that, but we have not seen anything in here that
921 01:27:10 --> 01:27:18 is quote, unquote sexy and interesting. There's a interest for me to see price
922 01:27:18 --> 01:27:24 go to certain levels, but it's too muddy. It's too back and forth. And I
923 01:27:24 --> 01:27:28 have not obviously looked at my favorite live streamers and seen what they are
924 01:27:28 --> 01:27:32 doing today, and if they've done anything at all, or if they made money,
925 01:27:32 --> 01:27:35 or if they lost, I don't I don't know that. Obviously, you know, when we're
926 01:27:35 --> 01:27:39 done and I get a moment, that's what I'll be checking on. I'll see you know
927 01:27:39 --> 01:27:44 what everyone else has done. But here today, I don't have any interest in
928 01:27:44 --> 01:27:48 being long, even though it could potentially make a higher high here
929 01:27:48 --> 01:27:56 again, if I wanted to, let me make the argument that say that I wanted to see
930 01:27:56 --> 01:28:00 it go higher, which I don't care if it does, I don't want to do it if it does
931 01:28:00 --> 01:28:04 go high, I don't want to be a part of that move. I would have to take a trade
932 01:28:04 --> 01:28:11 based on either half of this down closed candle here, or touching the top of that
933 01:28:11 --> 01:28:16 one. That means it's got to come back down and hit that after it's done all
934 01:28:16 --> 01:28:19 this. To do that, that means we could trade one more time back inside this
935 01:28:19 --> 01:28:26 gap. I That's that doesn't make sense for it to do that technically. For me,
936 01:28:26 --> 01:28:32 it's going it's going to go higher. It's done enough here by making these
937 01:28:32 --> 01:28:38 relative equal lows disrupted. But I don't want to be long, because it's been
938 01:28:38 --> 01:28:45 one sided all morning, and it just feels like it's petering out. There are times
939 01:28:45 --> 01:28:48 when it'll do these types of things and just keep, like I said, keep growing and
940 01:28:48 --> 01:28:53 grinding higher. I don't personally care about those days, and sometimes those
941 01:28:53 --> 01:28:58 days have several 100 handles. If you just would have got in and held on to
942 01:28:58 --> 01:29:03 it. That's wonderful, but that doesn't fit who I am as a trader, doesn't I
943 01:29:03 --> 01:29:08 don't have the complacency that's required to do that, because I've tried
944 01:29:08 --> 01:29:12 that before, and I don't like it. I don't feel comfortable in that type of
945 01:29:13 --> 01:29:17 trade, and I want to be in an environment that has gyrations up and
946 01:29:17 --> 01:29:21 down. The market's moving very fluid higher and lower, and it's very, very
947 01:29:21 --> 01:29:26 stilted in here. See how it's just like it's being restrained. I guess that's
948 01:29:26 --> 01:29:31 the easiest way to explain it. So when I see price actions showing these types of
949 01:29:31 --> 01:29:36 characteristics where it just doesn't want to do very much, it's lethargic. It
950 01:29:36 --> 01:29:41 runs a little bit, then it comes back in a static, choppy little mess. Then it
951 01:29:41 --> 01:29:45 runs a little bit and it comes back and does some kind of choppy little mess.
952 01:29:46 --> 01:29:52 The best lessons in your development as a student, whether it be with me or
953 01:29:52 --> 01:29:56 anyone else, okay, if you can identify these types of characteristics and
954 01:29:56 --> 01:30:00 signatures in the day that you're watching price action, you. These are
955 01:30:00 --> 01:30:06 the best days for you to say, You know what? I'm probably trying to swim uphill
956 01:30:07 --> 01:30:11 or upstream, and I'm not a salmon, okay? And if you want to be a salmon, think
957 01:30:11 --> 01:30:16 about what they do. They bust their ass swimming upstream to spawn, but then
958 01:30:16 --> 01:30:24 they die. So I'm not look okay. I'm all for getting what you want to get, but
959 01:30:24 --> 01:30:28 there has to be some life on the other side of that, right? And in trading,
960 01:30:29 --> 01:30:34 guess what? That means, you have to be comfortable and live beyond today. And
961 01:30:34 --> 01:30:42 we ran one more time, I'll go that high after taking that liquidity. So I'm
962 01:30:42 --> 01:30:46 walking you through scenarios that don't they don't really feel comfortable for
963 01:30:46 --> 01:30:52 me to engage. And what becomes problematic, what this may do, where is
964 01:30:52 --> 01:30:55 it likely to go? Because if it does this or does that, why won't I take a trade?
965 01:30:56 --> 01:31:01 What prevents me from being interested in the trade? Why something falls out of
966 01:31:01 --> 01:31:07 favor while I'm watching price those types of observations when you're first
967 01:31:07 --> 01:31:11 learning they're going to evade you, because you're going to be so fixated on
968 01:31:11 --> 01:31:17 finding the right fair value gap or finding the right pattern, or some kind
969 01:31:17 --> 01:31:21 of indicator setting or something that's made available to you whenever that's
970 01:31:22 --> 01:31:25 distracting you from actually reading the price action, you're actually
971 01:31:25 --> 01:31:30 deferring your greater understanding. And it's divided because you have the
972 01:31:30 --> 01:31:34 personal observations that you're going to feel while you're learning and
973 01:31:34 --> 01:31:38 developing, and also you're trying to also gravitate towards some kind of
974 01:31:39 --> 01:31:42 approach or model that you're going to stick to come hell or high water, not
975 01:31:42 --> 01:31:48 change, not deviate from. And it's not easy. That's the part that makes it very
976 01:31:48 --> 01:31:54 expensive, not just with me, but no matter what you do in trading, you're
977 01:31:54 --> 01:31:58 going to find that this is a it's a truism. It's it's something that you're
978 01:31:58 --> 01:32:04 going to have very, very well, sleepless nights and hardships dealing with and
979 01:32:04 --> 01:32:07 it's uncomfortable, and you're going to want to find a way to get through it and
980 01:32:07 --> 01:32:13 get around it, and just you're not going to be able to you Gotta go through
981 01:32:21 --> 01:32:25 it. Let's take a quick look at daily before I close this one up today. There
982 01:32:25 --> 01:32:36 you go. It's not real. You see that little gap right there? Volume and
983 01:32:36 --> 01:32:43 balance rather, anyways, a guy, but this now, because of what it's done here, you
984 01:32:43 --> 01:32:44 want to have this on your chart,
985 01:32:50 --> 01:33:00 all right, and we will just highlight it that's good, like yellow, but That's
986 01:33:00 --> 01:33:05 your daily chart. That is a volume and bounce and that little separation. It's
987 01:33:05 --> 01:33:09 hard to see it when it's like that, right? But you have to elongate your
988 01:33:10 --> 01:33:15 your your price chart so we can see any kind of inefficiencies and things like
989 01:33:15 --> 01:33:17 that. Let's go back into alignment chart.
990 01:33:22 --> 01:33:39 You okay, see if that's any rebalance that candles wick here in this instance,
991 01:33:39 --> 01:33:43 I wouldn't want to see this traded back into until it did this move up here. So
992 01:33:43 --> 01:33:47 this, this, we want to see that remain open and then reach up into that little
993 01:33:47 --> 01:33:48 area right there.
994 01:33:56 --> 01:34:00 There's nothing wrong with missing moves. Okay, in the beginning, you're
995 01:34:00 --> 01:34:04 going to feel like you're failing if you don't see every possible move,
996 01:34:04 --> 01:34:08 especially if they're moving quickly, and if they have a sudden run and they
997 01:34:08 --> 01:34:14 move a lot, it's hard to it's hard to wrestle through that, unless you have
998 01:34:14 --> 01:34:19 somebody tell you in advance that don't place so much emphasis on that. Just
999 01:34:19 --> 01:34:22 relax and let it happen, because you're going to learn about yourself. You're
1000 01:34:22 --> 01:34:25 going to learn about your model. You're going to learn where your strengths are
1001 01:34:25 --> 01:34:33 in your model. Also, how do you build your strengths in your model? By
1002 01:34:33 --> 01:34:38 identifying your weaknesses as an individual and avoiding those because
1003 01:34:38 --> 01:34:42 then what you've done is you removed the biggest barriers to your progress is
1004 01:34:42 --> 01:34:46 going to be you and what you're going to do wrong and when you're likely to do it
1005 01:34:46 --> 01:34:47 wrong, you.
1006 01:35:00 --> 01:35:15 It. This is going to be one of the most not liked live streams, but this is the
1007 01:35:15 --> 01:35:22 one that, in my opinion, this is the best one, because in the beginning, you
1008 01:35:22 --> 01:35:24 want to learn how to make money. You want to learn how to do the right
1009 01:35:24 --> 01:35:32 trades, not realizing that the barriers to you getting to that point is knowing
1010 01:35:33 --> 01:35:37 the things that we're talking about today, identifying problematic price
1011 01:35:37 --> 01:35:44 action, problematic conditions, when you're not going to do your best. And
1012 01:35:44 --> 01:35:49 for some of you, you might thrive in this type of environment. Like, this
1013 01:35:49 --> 01:35:52 might be your thing. Like, where you like, Oh, this is easy for me. Like, I
1014 01:35:52 --> 01:35:58 can see this is easy for me to to navigate this. Well done. I'm not saying
1015 01:35:58 --> 01:36:03 that there isn't someone, and maybe, you know large degree of my community, you
1016 01:36:03 --> 01:36:06 know my own personal students can see these types of days and say, you know,
1017 01:36:06 --> 01:36:09 it makes sense for me to trade these days, but when you're trading those
1018 01:36:09 --> 01:36:12 other type of days, it don't make any sense to me. That's not something to be
1019 01:36:13 --> 01:36:20 ashamed of. It's not something to be embarrassed by. It's just simply you
1020 01:36:20 --> 01:36:23 carving. And not everybody does the same thing for a living, right? Take yourself
1021 01:36:23 --> 01:36:28 out of trading. What do you do for your job? What business do you own? Does
1022 01:36:28 --> 01:36:36 everybody work in a tire shop? No, that's what my son does. He works at a
1023 01:36:36 --> 01:36:45 tire shop. How you make your bread and how you pay your bills is your decision.
1024 01:36:45 --> 01:36:49 How you do that, and the training is the same thing. You got to find your own way
1025 01:36:49 --> 01:36:55 in this. And not everybody's going to agree with it. But are you going to stop
1026 01:36:55 --> 01:36:58 working and paying your bills with the income you earn from your job? Because,
1027 01:36:58 --> 01:37:04 you know, a number of people say, Well, I would never do that job. You think
1028 01:37:04 --> 01:37:13 about the civil engineers that come around and collect our our waste. You
1029 01:37:13 --> 01:37:19 know, once a week, they call them the trash man. I'm sure when you're in
1030 01:37:19 --> 01:37:25 college or school. They didn't aspire to do that, but they have to make their
1031 01:37:25 --> 01:37:28 income, right? They have to make their bills, and that's what they're having to
1032 01:37:28 --> 01:37:32 do, right? Then I wouldn't want to do that job. I'm thankful that they do it,
1033 01:37:33 --> 01:37:39 but there's a time and place for everything, and what you're trying to do
1034 01:37:39 --> 01:37:44 in the beginning is completely unknown to you. You don't know what you're going
1035 01:37:44 --> 01:37:48 to end up doing as a trader, and you have to have some kind of a baseline,
1036 01:37:49 --> 01:37:58 and avoiding or trying to ignore the barriers to your development, or the
1037 01:37:58 --> 01:38:03 speed bumps that say it that way, when you have these moments where the market
1038 01:38:03 --> 01:38:09 just seems like it doesn't want to do anything, every single time I put on
1039 01:38:09 --> 01:38:13 here and click it, I gotta start looking at how many seconds away is before it
1040 01:38:13 --> 01:38:17 changed into another candle. Every single time I try to annotate something,
1041 01:38:17 --> 01:38:22 it always moves right when I click on it. It's a conspiracy, I'll tell you,
1042 01:38:23 --> 01:38:24 the
1043 01:38:29 --> 01:38:30 the
1044 01:38:36 --> 01:38:41 the energy and the time you spend trying to avoid all the things that you are
1045 01:38:41 --> 01:38:45 thinking that you're going to try to avoid, like losing, never, having
1046 01:38:45 --> 01:38:51 drawdown, only winning, only picking the right order block, only entering at the
1047 01:38:51 --> 01:39:00 right time. That is a fool's errand. Like you're you're trying to do
1048 01:39:00 --> 01:39:07 something that everybody will fail at, myself included, okay, but because no
1049 01:39:07 --> 01:39:11 one's sitting down with you when you're trying to do it and trying to coax you
1050 01:39:11 --> 01:39:15 out of doing those types of silly stuff, you feel like you're going to be the
1051 01:39:15 --> 01:39:20 exception to the rule. And I honestly believe that was going to be that way,
1052 01:39:20 --> 01:39:24 and you're not going to be and that's not a knock against you. It's just
1053 01:39:25 --> 01:39:29 trying to tell you that, instead of trying to avoid the things that are
1054 01:39:29 --> 01:39:33 going to be problematic, try to try to avoid the things that are going to feel
1055 01:39:33 --> 01:39:38 like it's harder than it needs to be, you need to grow into those periods and
1056 01:39:38 --> 01:39:45 say, Okay, I'm experiencing hardship in reading days like this. I don't know
1057 01:39:45 --> 01:39:50 where the market's going to go next. It tends to be choppy and aimless, like a
1058 01:39:51 --> 01:39:54 sailboat without a rudder, and then all of a sudden, it creates these little
1059 01:39:54 --> 01:39:58 runs that come out of nowhere. And then I get excited, and I chase that one, and
1060 01:39:58 --> 01:40:02 then it pulls back and goes the other. Direction. Well, guess what that that's
1061 01:40:02 --> 01:40:06 that's what I discovered about these types of days for me, they didn't feel
1062 01:40:06 --> 01:40:10 right for me, where every decision I was making about trying to engage with it
1063 01:40:11 --> 01:40:18 was not correct. And then I would identify early on in the future, those
1064 01:40:18 --> 01:40:22 same types of characteristics in a new trading day, and the times that I
1065 01:40:22 --> 01:40:27 ignored it and just pressed and plowed into it trying to do what I normally do,
1066 01:40:28 --> 01:40:33 I would get hurt, and I would draw the account down or do worse, and then I
1067 01:40:33 --> 01:40:40 would take that pain mentally and psychologically, emotionally that would
1068 01:40:40 --> 01:40:45 manifest into physical depression, physical ailments that eventually
1069 01:40:45 --> 01:40:51 started affecting my health. I would carry them into new trading days, when
1070 01:40:51 --> 01:40:55 my model would be there and it would be obvious that my model should be
1071 01:40:56 --> 01:41:00 implemented that day, but because I'm still beating myself up about not
1072 01:41:00 --> 01:41:06 recognizing the previous trading session or the previous time that I lost on when
1073 01:41:06 --> 01:41:10 I knew that I was identifying this is a problem day for me. So instead of trying
1074 01:41:10 --> 01:41:15 to force myself to perform when I wasn't doing it in front of anybody, it was
1075 01:41:15 --> 01:41:20 just me telling myself I had to do it, and I'm giving you permission to tell
1076 01:41:20 --> 01:41:24 yourself you don't have to trade every day. You don't have to have a winning
1077 01:41:24 --> 01:41:29 trade discovered and implemented and realized every single day. You don't
1078 01:41:29 --> 01:41:33 need to do that. Caleb, I'm not expecting you to do that. I'm not
1079 01:41:33 --> 01:41:38 expecting you to have a high win rate. I'm expecting you to grow a little bit
1080 01:41:38 --> 01:41:43 be a little bit better next week than you are this week. And I know by doing
1081 01:41:43 --> 01:41:48 that, by default, you will increase in your understanding. And if you give
1082 01:41:48 --> 01:41:54 yourself the opportunity and flexibility and permission to identify where you
1083 01:41:54 --> 01:41:59 don't feel comfortable, that, in itself, is going to highlight where your model
1084 01:41:59 --> 01:42:04 will be strong, and it doesn't feel like that in the beginning. It doesn't feel
1085 01:42:04 --> 01:42:08 like it's going to work like that. But that's exactly what everybody if you go
1086 01:42:08 --> 01:42:11 back and look at your development, if you're if you're profitable, go back and
1087 01:42:11 --> 01:42:16 think about the things that you felt, that were hardships, and by identifying
1088 01:42:16 --> 01:42:22 them, and if you're responsible and you're mature, you don't try to
1089 01:42:22 --> 01:42:26 sugarcoat them. You don't put blinders on or try to hide them from people. If
1090 01:42:26 --> 01:42:29 you're going to have a conversation about your trading and your model, you
1091 01:42:29 --> 01:42:34 have to be honest and say, Okay, this is where my model's strength is, and these
1092 01:42:34 --> 01:42:39 are the periods of time when it doesn't Excel well. But see, that's the problem
1093 01:42:39 --> 01:42:44 with the industry, because they're never going to tell you their personal
1094 01:42:44 --> 01:42:48 weaknesses, because that's not a selling point. That doesn't mean, hey, you know
1095 01:42:48 --> 01:42:52 this person should. Let's, let's subscribe to this guy service. Let's buy
1096 01:42:52 --> 01:42:56 this guy's software, program this let's buy this signal service. Let's join
1097 01:42:56 --> 01:43:00 their discord. Let's join their mentorship. Let's join their anything,
1098 01:43:01 --> 01:43:06 if they're not going to be upfront and tell you where the strengths are and
1099 01:43:06 --> 01:43:12 where the weaknesses are and how to cope with those things on an individual
1100 01:43:12 --> 01:43:15 basis, that's not someone that you should listen to. And I mean that
1101 01:43:15 --> 01:43:20 wholeheartedly, and you can put anybody's name in that statement. I
1102 01:43:20 --> 01:43:26 don't care who they are, because you're going to get your ass handed to you in
1103 01:43:26 --> 01:43:30 this if you do it long enough, and how you're going to cope with that tells the
1104 01:43:30 --> 01:43:34 story of whether you're going to be in it for a long term or if you're just in
1105 01:43:34 --> 01:43:42 here, just for a fling, you're here for an affair, a short term affair, and
1106 01:43:42 --> 01:43:46 affairs generally don't usually work out. Long term, you get something you
1107 01:43:46 --> 01:43:54 don't want, and I'm trying to teach my son how to have a long term approach to
1108 01:43:54 --> 01:44:00 doing this. And maybe, you know, he'll he'll learn fast by doing it this way,
1109 01:44:01 --> 01:44:06 maybe he'll go slower. I don't I'm not interested in how fast or slow. I'm just
1110 01:44:06 --> 01:44:11 interested in consistently doing the same thing and growing in understanding
1111 01:44:12 --> 01:44:16 because I know, by default, the time aspect will do its job. He'll know more
1112 01:44:16 --> 01:44:21 about himself. He'll know what makes him tick. What is it that you're looking
1113 01:44:21 --> 01:44:26 for, like? What is it that you're trying to trade on? Because, and if you can't,
1114 01:44:26 --> 01:44:30 if you can't draw out, and I did this in my private mentorship, if you can't draw
1115 01:44:30 --> 01:44:37 out on a napkin at lunch today, pull out your pen, grab a napkin and draw out
1116 01:44:39 --> 01:44:45 with a a line drawing. What it is that you're doing to be a buyer or a seller?
1117 01:44:45 --> 01:44:49 What is it that you're identifying in price action that your attention goes to
1118 01:44:49 --> 01:44:54 in price? What is it that you're seeing before you press the button? And it's
1119 01:44:54 --> 01:44:58 shocking to see how many people can't do that, and then they wonder why they
1120 01:44:58 --> 01:45:03 can't find profitable trades. Because if you can't articulate in a very simple
1121 01:45:03 --> 01:45:07 line drawing what it is you're trying to capitalize on where your stop loss would
1122 01:45:07 --> 01:45:14 be, where's your first target and where is it trying to go to? If you can't
1123 01:45:14 --> 01:45:19 physically draw that out, then how could you possibly articulate or expect,
1124 01:45:19 --> 01:45:23 expect to see it in price action. If you can't articulate it in a simple line
1125 01:45:23 --> 01:45:31 drawing, ever think about like that? For some of you, thinking, wow, you know, I
1126 01:45:31 --> 01:45:35 don't know. I don't really know how to describe it with a line draw. I can't
1127 01:45:35 --> 01:45:39 draw it, and that's why you can't make money. That's why you can't keep a demo
1128 01:45:39 --> 01:45:42 account without blowing it. That's why you can't pass a funded account
1129 01:45:42 --> 01:45:45 challenge. That's why, even if you got lucky and you got a funded account,
1130 01:45:45 --> 01:45:50 that's why you lost it and you lost that funded account, because you don't know
1131 01:45:50 --> 01:45:55 what you're looking for. And when we sit down to a price action like this, I
1132 01:45:55 --> 01:46:01 highlight things that I like to see based on numerous models. But if none of
1133 01:46:01 --> 01:46:07 the models that I like and can implement are speaking in terms of, it's obvious
1134 01:46:07 --> 01:46:13 this is what the market's going to do right now, then I have to sit still and
1135 01:46:13 --> 01:46:17 I'm going to let the market do whatever it's going to do, and it's going to do
1136 01:46:17 --> 01:46:20 it without me. It's not, I'm not trying to make money off of it. I'm not trying
1137 01:46:20 --> 01:46:28 to lose any lose any sleep over having the right or wrong expectation over the
1138 01:46:28 --> 01:46:31 marketplace, because I'm laughing in front of you. I'm telling you what
1139 01:46:31 --> 01:46:38 matters more, knowing and identifying these types of days, if it's against the
1140 01:46:38 --> 01:46:44 grain for you as a trader, anybody that makes money, folks, I'll just say it
1141 01:46:44 --> 01:46:50 like this. Anybody that makes money would not look at anyone in in that they
1142 01:46:50 --> 01:46:54 were honest in social media, or if they honest in front of, you know, someone in
1143 01:46:54 --> 01:46:58 the industry, and you met them for you face to face. I would talk the same way,
1144 01:46:58 --> 01:47:04 like I'm doing right here. If I met you, it's this is the reality. But anyone
1145 01:47:04 --> 01:47:08 that makes money would never look at you and be condescending to you or say,
1146 01:47:08 --> 01:47:13 Well, you know you suck. You know anyone that does that type of stuff, I promise
1147 01:47:13 --> 01:47:18 you, they're not profitable, and they're wearing a mask online. And the ones that
1148 01:47:18 --> 01:47:24 make money would have a higher regard and respect for you if you spent time
1149 01:47:24 --> 01:47:29 articulating, not hiding, not pretending, you don't exist where your
1150 01:47:29 --> 01:47:34 weaknesses are as a trader and where your models are weak. Because if you
1151 01:47:34 --> 01:47:43 understand where your model is weak, you can do things to manage and avoid those
1152 01:47:43 --> 01:47:48 conditions that you have seen and measured by logging and journaling, and
1153 01:47:48 --> 01:47:53 that's the benefit of doing it. I've seen so many ass clowns out there saying
1154 01:47:53 --> 01:47:56 I don't journal. That's the stupidest thing in the world. I'm in here to make
1155 01:47:56 --> 01:48:01 money. Show us you make money. These are the same people that never show a trade,
1156 01:48:01 --> 01:48:04 they don't even record it, they don't show it after the fact. They don't do
1157 01:48:04 --> 01:48:08 nothing, but they always got an opinion. And the problem is, is because social
1158 01:48:08 --> 01:48:13 media is so impactful, everyone because they're trying to learn this, and
1159 01:48:13 --> 01:48:17 they're their confidence level in themselves very low. And If there's
1160 01:48:17 --> 01:48:26 someone pretending to be a very hard like very argumentative or troll or
1161 01:48:26 --> 01:48:30 something like that, a troublemaker, just a plain troublemaker, when anyone
1162 01:48:30 --> 01:48:31 comes at them
1163 01:48:33 --> 01:48:37 with any kind of adversity or any kind of sharp toned response or say, Well,
1164 01:48:37 --> 01:48:40 you know, you suck. Or this that again, these are the same people that
1165 01:48:40 --> 01:48:47 absolutely are fucking failing on every level. Okay, but you tend to have a
1166 01:48:47 --> 01:48:50 little bit more concern about those individuals, because you're in a you're
1167 01:48:50 --> 01:48:54 in a moment of weakness, because you can't come back at them and say, I don't
1168 01:48:54 --> 01:48:58 know what you're talking about, because here's what I make, here's what I've
1169 01:48:58 --> 01:49:01 done, and I'm going to do it live today, or I want to do this tomorrow, and I'm
1170 01:49:01 --> 01:49:04 going to prove it, and let's see you do it. And then they run away, they hide,
1171 01:49:04 --> 01:49:10 they clam up, and they've got nothing to say, but you end up taking the opinions
1172 01:49:10 --> 01:49:16 or the concerns that other people have because they're miserable. And social
1173 01:49:16 --> 01:49:21 media fosters this type of climate, which is the most toxic thing in the
1174 01:49:21 --> 01:49:26 world for traders. You're inviting people in a conversation that never was
1175 01:49:26 --> 01:49:30 invited. You didn't start trading so you can impress everybody on the internet.
1176 01:49:30 --> 01:49:36 That's just one sub little thing that it's in addition to because you you want
1177 01:49:36 --> 01:49:41 to make money. That's why you're here. You want to be able to make money. You
1178 01:49:41 --> 01:49:45 want to be able to capitalize on moves and price action that repeat, and you
1179 01:49:47 --> 01:49:50 want to be able to feel confident when you do it. But in the beginning, you're
1180 01:49:50 --> 01:49:53 not going to you're not going to be confident in the beginning. And
1181 01:49:53 --> 01:49:58 everybody on social media is warring against other people. I have, I have, I
1182 01:49:58 --> 01:50:01 have students now that are trying to. Talk shit about me because they want to
1183 01:50:01 --> 01:50:05 garner attention around their mentorship, but they're teaching my
1184 01:50:05 --> 01:50:13 mentorship. Make that make sense. The point is, do not invite other people
1185 01:50:13 --> 01:50:19 into the conversation. Okay? Now, obviously I'm I'm allowing other people
1186 01:50:19 --> 01:50:25 to hear my conversation with you, Caleb, but I don't care, because these people
1187 01:50:25 --> 01:50:28 that listen to me, they can talk shit, they can make videos, they can do
1188 01:50:28 --> 01:50:33 anything they fucking want. Okay, none of that's changing anything. It's not
1189 01:50:33 --> 01:50:38 doing anything. It's just putting a bullet point list of everything they are
1190 01:50:38 --> 01:50:45 weak at. They're watching my streams. I'm not watching their they're in here
1191 01:50:45 --> 01:50:49 learning just like you are and but they'll never admit it, because their
1192 01:50:49 --> 01:50:55 ego is too inflated on no skill. They have no reason to be arrogant. They have
1193 01:50:55 --> 01:50:59 no reason to be conceited or self centered their failures, and they're the
1194 01:50:59 --> 01:51:03 ones with the biggest bark are the ones with the biggest mouth, and they
1195 01:51:03 --> 01:51:12 consistently are being exposed as a fucking failure. So don't invite any
1196 01:51:12 --> 01:51:16 other person in your conversations. That's why the comment sections are not
1197 01:51:16 --> 01:51:22 open on these live streams. I don't want you seeing any comments. And there's a
1198 01:51:22 --> 01:51:25 lot of them, I'll be honest with you, there's a lot of them that are
1199 01:51:25 --> 01:51:29 encouraging you along, and they're being very thankful that that you asked to go
1200 01:51:29 --> 01:51:34 through this again, and that you made it where you are allowing other people to
1201 01:51:34 --> 01:51:40 hear what I say to you. But there's two or three that come in every day, and
1202 01:51:41 --> 01:51:45 they're in there sucking themselves off, but they're from accounts with no
1203 01:51:45 --> 01:51:48 content, and the accounts were just made. So that tells you that they're
1204 01:51:48 --> 01:51:55 little dick energy boys. So if you're going to look at days like this and say,
1205 01:51:55 --> 01:52:01 You know what ICT says, This is not his cup of tea, I'm going to go in and make
1206 01:52:01 --> 01:52:05 it my cup of tea. Guess what? I ain't got no problem done. I did that stuff in
1207 01:52:05 --> 01:52:09 the beginning with Larry Williams. If he said he couldn't do something, that was
1208 01:52:09 --> 01:52:13 like, Oh man, I don't know where I'm going. I'm that was my best inspiration,
1209 01:52:13 --> 01:52:18 because it gave me a starting point. And all I'm doing by having these live
1210 01:52:18 --> 01:52:22 streams with you Caleb is to give you a starting point on how to read price
1211 01:52:22 --> 01:52:30 action and then understanding when to sit still, when to sit still. Why does
1212 01:52:30 --> 01:52:35 it make this? Why does it make sense to sit still? And when does that change?
1213 01:52:35 --> 01:52:41 When can we anticipate something that's measurable? Okay, when we were trading
1214 01:52:41 --> 01:52:47 down here, I wanted to see it trade up into here, and this gap offers some kind
1215 01:52:47 --> 01:52:50 of resistance, because then that would have indicated that all of this was
1216 01:52:50 --> 01:52:55 built in. It's like a premium. They pushed price up and trap traders there,
1217 01:52:55 --> 01:53:00 and now it should try to retrace to a deeper discount. And remember, I was
1218 01:53:00 --> 01:53:04 aiming for this down here. This was my initial and this is where my I still
1219 01:53:04 --> 01:53:08 think this is still plausible. May not need to do it today. It could be a
1220 01:53:08 --> 01:53:15 response to tomorrow's data. But once we showed this move outside of here, and we
1221 01:53:15 --> 01:53:20 had this close right there, see how that closed above that, if I had a trade,
1222 01:53:20 --> 01:53:27 okay, if we were trading short, and I had used this area here as a stop, if it
1223 01:53:27 --> 01:53:33 closed here, I would kill the trade. I would not I would save the stop. Because
1224 01:53:33 --> 01:53:37 if it's if it's closing up here, chances are it's going to do what it's going to
1225 01:53:37 --> 01:53:41 come back down here and treat this as support. I'm not go back and listen to
1226 01:53:41 --> 01:53:43 the stream. You'll be able to see it in the record the recording. I'm not
1227 01:53:43 --> 01:53:47 interested in being a buyer today. I said, I stated, and I said I would have
1228 01:53:47 --> 01:53:52 to consider potentially seeing a stop that would have to go, maybe into this
1229 01:53:52 --> 01:53:55 gap again. And I'm not interested. It wouldn't, it wouldn't make sense for me
1230 01:53:55 --> 01:54:02 to have a trade up like that. So if it's going to go up, it'll go up just by
1231 01:54:02 --> 01:54:06 going into this, this gap here, and reach for this high and then we went
1232 01:54:06 --> 01:54:09 back out to a daily chart, and I show you the volume and balance. We
1233 01:54:09 --> 01:54:12 highlighted it, and it went right to consequent, encroaching the midpoint of
1234 01:54:12 --> 01:54:19 that right here. And look how it's behaving Now, off of a gap here that I
1235 01:54:19 --> 01:54:24 said, I want to see that stay open? Did it stay open? Yes, it stayed open until
1236 01:54:24 --> 01:54:32 we traded up into that daily volume imbalance. So I don't know why my girls
1237 01:54:32 --> 01:54:35 upstairs are barking like crazy, but they must see deer. Every time they see
1238 01:54:35 --> 01:54:40 a deer, if they like, they want these things to bark back at them, and when
1239 01:54:40 --> 01:54:50 they don't, they go crazy, the the times in which we can see price action. I'll
1240 01:54:50 --> 01:54:53 just kind of like say what I saw in a statement yesterday from one of the
1241 01:54:53 --> 01:54:57 young ladies that are watching these, these, these lessons. I'm assuming it's
1242 01:54:57 --> 01:55:03 a lady the photo. Up on their YouTube channel shows a woman. It's like a
1243 01:55:03 --> 01:55:09 meditation channel and relaxation channel, and they put up content around
1244 01:55:09 --> 01:55:13 relaxing, and she mentioned their comment that she's she's just started
1245 01:55:13 --> 01:55:19 watching in February this year, and she likes the idea and the approach that I'm
1246 01:55:19 --> 01:55:24 using and teaching, and she can see the stuff panning out, and she's now already
1247 01:55:24 --> 01:55:30 made progress in a funded account. So and she mentioned how she's encouraged
1248 01:55:30 --> 01:55:34 because she's able to help her her children and make her end me, ma'am, I
1249 01:55:34 --> 01:55:40 don't know your name, but I love I was half tempted to screenshot that and put
1250 01:55:40 --> 01:55:47 it up. And the reason why I didn't do it is because when I support the women in
1251 01:55:47 --> 01:55:51 our community, and not just my personal community, but when I when I support the
1252 01:55:51 --> 01:55:57 ladies, jerks and perverts, always take that out of context, okay, like, for
1253 01:55:57 --> 01:56:01 instance, Tanya, she She reminds me of my daughter. That doesn't mean I'm
1254 01:56:01 --> 01:56:05 sexually attracted to my daughter, okay? But if you watch her live streams in the
1255 01:56:05 --> 01:56:11 chat window, it's very vulgar, nasty stuff that goes on and said to me and
1256 01:56:11 --> 01:56:16 said to her, and I encourage her, because she's a lady, okay? And I don't
1257 01:56:16 --> 01:56:19 want people coming to my channel thinking that it's just a man's world
1258 01:56:19 --> 01:56:25 here. It's not my best students are the ladies, and it's it's still true. My
1259 01:56:25 --> 01:56:31 best student is a woman, because she doesn't have a phallus. She doesn't have
1260 01:56:31 --> 01:56:35 to measure up to anybody she's providing. And that message that you
1261 01:56:35 --> 01:56:39 left me, and I read it, is just true. And you mentioned you just started
1262 01:56:39 --> 01:56:45 watching me this year in February, so you don't know that I've said that in
1263 01:56:45 --> 01:56:49 years gone by, where women tend to be better traders because they're not
1264 01:56:49 --> 01:56:54 trading for ego purposes, they don't win. Then go on the internet and say,
1265 01:56:54 --> 01:56:59 haha, look at this. They're not barbarians, they're not gladiators. They
1266 01:56:59 --> 01:57:06 do this to provide, provide what? Provide nesting. That's what women think
1267 01:57:06 --> 01:57:10 like. Okay, men are cavemen. We go out, we grab our club, we leave the cave,
1268 01:57:10 --> 01:57:13 rather than bonk something over the head and drag it back into the cave. And we
1269 01:57:13 --> 01:57:17 eat. We feed our families. Women don't think that way. They have to be much
1270 01:57:17 --> 01:57:22 more careful and calculated. So if they're going to be out there fending
1271 01:57:22 --> 01:57:26 for the family, they're going to do things in measured risk, and they're
1272 01:57:26 --> 01:57:29 going to be cautious, and they're not going to go out there and flash it and
1273 01:57:29 --> 01:57:32 say, Aha, look at I just caught and killed, and I'm going to have to get
1274 01:57:32 --> 01:57:35 back to my house and feed my kids. You're being much more prudent. And your
1275 01:57:35 --> 01:57:41 message, ma'am, was so perfectly illustrated of the very thing I've said
1276 01:57:41 --> 01:57:47 many times, and the men, they take odds at that, because they think that it's
1277 01:57:47 --> 01:57:50 supposed to be like football, like we're all supposed to like the same football
1278 01:57:50 --> 01:58:01 team, or the ICT is a team, okay? I'm a man. ICT is not a tribe, okay? It's it's
1279 01:58:01 --> 01:58:07 not a community. I'm an inner circle trader. I'm that person. And you take
1280 01:58:07 --> 01:58:10 this content and you make it yours, and you apply it to increase and build up
1281 01:58:10 --> 01:58:15 your your net worth, your legacy. You build a legacy for your family, a
1282 01:58:15 --> 01:58:19 network that your children can glean from. And
1283 01:58:20 --> 01:58:24 I just want to let you know that I when I saw your comment, I was going to
1284 01:58:24 --> 01:58:27 screenshot it and put in my community post, but I was like, if I do that,
1285 01:58:27 --> 01:58:30 number one, it's just going to open up another can of worms. I don't want
1286 01:58:30 --> 01:58:34 people going through your channel and then leaving your nasty comments because
1287 01:58:35 --> 01:58:39 they're jealous, okay, but just know that I read your comment, and I get a
1288 01:58:39 --> 01:58:45 lot of them. I get a lot of them from from women, and I want to encourage the
1289 01:58:45 --> 01:58:51 ladies, because sometimes how I talk, it's, it's almost like locker room,
1290 01:58:52 --> 01:58:55 okay, I don't always choose the I'm trying very hard today, and I don't know
1291 01:58:55 --> 01:58:58 if you noticed it or not, because when I ended the stream yesterday, I told the
1292 01:58:58 --> 01:59:02 Lord, before I started yesterday, I was like, try to keep me from cursing like,
1293 01:59:02 --> 01:59:08 because I don't like doing it. But when I get one side or the other on the
1294 01:59:08 --> 01:59:12 spectrum, I get a little imbalanced in one direction or the other, and then
1295 01:59:12 --> 01:59:16 I'll reach for words that I'm not proud of after it's done. And they're always
1296 01:59:16 --> 01:59:19 in my recordings, even in the videos that you watch later on that were pre
1297 01:59:19 --> 01:59:23 recorded. I'm always talking like that, because I get animated, and then I go
1298 01:59:23 --> 01:59:27 back and I say, Okay, I mean, say that again, but I entered that part out. But
1299 01:59:27 --> 01:59:30 when I'm live like this, you shouldn't be listening to me or watching me when
1300 01:59:30 --> 01:59:33 you're around your kids, because I'm probably going to say something that I
1301 01:59:33 --> 01:59:37 wouldn't want younger children like I have my niece, my young niece, living
1302 01:59:37 --> 01:59:44 with me. So I have to move myself away where she can't be in earshot when I do
1303 01:59:44 --> 01:59:48 this, because I know I'm going to use language that I don't want her to hear.
1304 01:59:48 --> 01:59:54 So I know enough that I shouldn't do it, but I'm human, and I mess up so and I
1305 01:59:54 --> 01:59:59 don't usually use this language, unless I'm talking about trading, I can go all
1306 01:59:59 --> 02:00:03 day. Long if I'm not talking about trading, I'll rarely ever use these
1307 02:00:03 --> 02:00:09 types of words, but because it taps into a time that's very primal for me, where
1308 02:00:09 --> 02:00:13 I had to struggle to get to this level of understanding, and it had to go
1309 02:00:13 --> 02:00:18 through a lot of hardships, and it wasn't easy for me. So I feel like, you
1310 02:00:18 --> 02:00:24 know, I'm back in that arena again. So it goes along with it, and there's a way
1311 02:00:24 --> 02:00:29 to do this without doing that stuff. And the ladies, the women in my community,
1312 02:00:29 --> 02:00:33 they tend to listen better than the men, and they go through the motions of
1313 02:00:34 --> 02:00:38 identifying when I'm talking about where things are problematic, where they were
1314 02:00:38 --> 02:00:43 problematic. For me, it resonates with them, because they don't try to hide
1315 02:00:43 --> 02:00:48 their frailty. They say, this is where I'm weak at. And they don't, they don't
1316 02:00:48 --> 02:00:53 view it as telling me it's a weakness, and therefore they expect to feel on the
1317 02:00:53 --> 02:00:59 basis of that. They say, this is a weakness. How can I? How can I cope or
1318 02:00:59 --> 02:01:02 overcome that or replace it with something else. And that's the reason
1319 02:01:02 --> 02:01:05 why I talk the way I talk, because in my lectures, I don't want to just point to
1320 02:01:05 --> 02:01:10 something technically, because having something technically in the chart
1321 02:01:10 --> 02:01:15 doesn't necessarily mean that you're equipped to do anything with it. And
1322 02:01:16 --> 02:01:19 then what happens if it doesn't work out in your hands? What are you left with?
1323 02:01:20 --> 02:01:26 You have to, you have to resolve that some way, shape or form, and what are
1324 02:01:26 --> 02:01:31 you going to lean on? Your emotions, your frustration, as I was talking about
1325 02:01:31 --> 02:01:36 yesterday. So anyway, I felt like I want to toss that in there, because I get a
1326 02:01:36 --> 02:01:43 lot of comments, and 98% of them are either saying thank you this is
1327 02:01:43 --> 02:01:49 happening, or telling me what they've already learned and they're appreciative
1328 02:01:49 --> 02:01:55 of it. The other portion is, why isn't there any comments and or can you do
1329 02:01:55 --> 02:02:00 Forex? And I told you I would mention and talk about forex one time, but it's
1330 02:02:00 --> 02:02:03 going to be towards the end. Okay, I'm not interested in trading Forex, but I
1331 02:02:03 --> 02:02:08 know a lot of you are only trading the asset class. These things still work
1332 02:02:08 --> 02:02:11 there, too. So don't think that it's just the one trick pony, my stuff,
1333 02:02:11 --> 02:02:15 unless I tell you specifically during them the lecture point that it's only
1334 02:02:15 --> 02:02:20 specific to one asset class. It's universal. So just, just think about it
1335 02:02:20 --> 02:02:24 as its time and price and price is price doesn't matter what we're dealing with.
1336 02:02:24 --> 02:02:27 If it's trading and it makes a chart, it's going to work off of this, because
1337 02:02:27 --> 02:02:32 everything is algorithmic. I'm just not convinced that crypto is running on the
1338 02:02:32 --> 02:02:39 same wavelength. Let's put it that way. All right. So anyway, what you can do is
1339 02:02:39 --> 02:02:44 you can screenshot where we talked about this level in here, and it created that
1340 02:02:44 --> 02:02:49 little, tiny, institutional order flow entry drill. So in your notes you want
1341 02:02:49 --> 02:02:57 to have, whenever is a fair value gap like that, that low, all it takes is
1342 02:02:57 --> 02:03:01 trading one tick below that and that, when it does that, when it does that,
1343 02:03:01 --> 02:03:05 that's an institution order for entry drill. How would you use institutional
1344 02:03:05 --> 02:03:10 order flow entry drill as an entry Well, when you anticipate a gap staying open,
1345 02:03:10 --> 02:03:15 but you think it may trade higher, in this case, train you trading up to this
1346 02:03:15 --> 02:03:19 area here. So I drew all this out here, and I told you that I want to see this
1347 02:03:19 --> 02:03:22 stay open. That means I don't want to see the difference between this camp.
1348 02:03:22 --> 02:03:26 Between this candles high and that candles low. I don't want to see it
1349 02:03:26 --> 02:03:31 trade down like this. In other words, I don't want to see this type of thing.
1350 02:03:35 --> 02:03:42 I'm not sure it's gonna even let me do it. Well, I don't want to see it do that
1351 02:03:42 --> 02:03:50 like come down and completely laid over top of that, that lower level line. I
1352 02:03:50 --> 02:03:55 want to see it can come down into it a little bit like it does here, maybe even
1353 02:03:55 --> 02:03:59 trade down to the halfway point, which is consequent crochet. But I don't want
1354 02:03:59 --> 02:04:03 to see it trade all the way down into it. So if I ever am watching price
1355 02:04:03 --> 02:04:06 action, and you'll see this in the live stream, so you'll hear me talk about it,
1356 02:04:07 --> 02:04:12 where I'll say, I want to see this remain unfilled or left open. It's
1357 02:04:12 --> 02:04:16 because I want to see it do this very thing here. And as soon as you hear me
1358 02:04:16 --> 02:04:19 say this, this is where you write this stuff down in your your notes hooks,
1359 02:04:20 --> 02:04:24 because you'll you'll hear me say it again. But for the folks that are
1360 02:04:24 --> 02:04:28 watching me do this for the first time, and they record it, and then they hear
1361 02:04:28 --> 02:04:33 me say it again, it proves this. It's the same logic. I'm like, I'm not cherry
1362 02:04:33 --> 02:04:39 picking things. I'm not you making stuff up as I go. It's the same protocol all
1363 02:04:39 --> 02:04:44 the time. But there are times where I want to see it close in, because I want
1364 02:04:44 --> 02:04:50 to see it fail. That's something for your notes too. The inefficiencies that
1365 02:04:50 --> 02:04:56 stay open are going to act like real support or resistance, because this is
1366 02:04:56 --> 02:05:02 acting as a breakaway gap. I. Why should I expect this? I know you're thinking,
1367 02:05:02 --> 02:05:06 okay, so I get it ICT I wrote it down, but why did you expect it to stay open?
1368 02:05:06 --> 02:05:11 Because I get this question so many times, and even in the lectures, when I
1369 02:05:11 --> 02:05:16 talk about it like I'm doing here, I will still see I almost said something
1370 02:05:16 --> 02:05:20 rude. Now I probably will. I'm going to publicly shame you. I'm going to
1371 02:05:20 --> 02:05:24 screenshot it and putting that you're going to do it now because you want your
1372 02:05:24 --> 02:05:27 name to it if you're on my team. But I was thinking, I'm going to shame you and
1373 02:05:27 --> 02:05:31 and show you that you're asking something I talked about in the very
1374 02:05:31 --> 02:05:34 lecture when I talked about the very thing you're mentioning, a concern about
1375 02:05:35 --> 02:05:40 which is, I get this question a lot, how do I know which fair value gap won't
1376 02:05:40 --> 02:05:47 fill in. Okay? If we were in a classroom and I said, Okay, raise your hand if you
1377 02:05:47 --> 02:05:53 don't know when to do that. Most, most everybody would probably raise their
1378 02:05:53 --> 02:05:57 hand. And I get that same type of thing in the comment section, they'll say, how
1379 02:05:57 --> 02:06:01 do you know that that fair value gap doesn't or won't likely close in. Like,
1380 02:06:01 --> 02:06:07 what gives you that, that discernment, What makes you say that, that you can
1381 02:06:07 --> 02:06:13 trust that? Well, we've consolidated like this here, and my attention was
1382 02:06:13 --> 02:06:17 around this level here, not enough to take a trade, but I wanted to see, does
1383 02:06:17 --> 02:06:21 it repel this and start to break down before I go any further on that, if it
1384 02:06:21 --> 02:06:24 would have started the breakdown, I would have dropped down into a 15 second
1385 02:06:24 --> 02:06:28 chart, use the fair value gap and outline that down into the level I was
1386 02:06:28 --> 02:06:35 looking for over here and then here. But it didn't give me that retrace back to
1387 02:06:35 --> 02:06:38 and break down, because we're looking at on a one minute chart. Then I could drop
1388 02:06:38 --> 02:06:42 down to a 15 second chart and use that and teach on the price delivery
1389 02:06:42 --> 02:06:48 continuum theory. So all that means is, it sounds like mumbo jumbo, but it's
1390 02:06:48 --> 02:06:53 basically understanding one time frame and then breaking that run that you see
1391 02:06:53 --> 02:06:57 beginning on one higher time frame, in this case the one minute chart, I can
1392 02:06:57 --> 02:07:02 drop down to a 32nd a 15 second, a five second chart, and find multiple entries
1393 02:07:02 --> 02:07:07 in that delivery. While that price run is unfolding, you're getting lots of
1394 02:07:07 --> 02:07:10 opportunities to get involved in that move and still not technically be
1395 02:07:10 --> 02:07:14 chasing the marketplace. But there's a threshold at which you gotta stop. And
1396 02:07:14 --> 02:07:20 if you've seen my lesson on pyramiding, when to stop adding to the trade and
1397 02:07:20 --> 02:07:25 making it larger. It's the same premise there. Okay, so you'll see me teach on
1398 02:07:25 --> 02:07:28 it. I know some of you gonna get next. I didn't say it again, but I'm trying not
1399 02:07:28 --> 02:07:31 to be too redundant. But there's enough redundancy here to prove that it's the
1400 02:07:31 --> 02:07:37 repeating phenomenon in logic. But why did I talk about this thing open before
1401 02:07:37 --> 02:07:42 going up into this area here? Because we've traded above the consolidation.
1402 02:07:42 --> 02:07:47 All of this right here, let me. Let me do it like this, all this price action
1403 02:07:47 --> 02:07:47 here,
1404 02:07:53 --> 02:08:01 we've traded higher since 930 here, up, back down. Trade higher, consolidating.
1405 02:08:01 --> 02:08:06 Okay? I don't like these kind of days, and I would rather wait for more
1406 02:08:06 --> 02:08:10 information or do nothing, because on a day that's showing me that it's not
1407 02:08:10 --> 02:08:16 trying to gyrate around too much. It's small and compressed. It's a lot of
1408 02:08:18 --> 02:08:23 stagnant price action, whereas when it does finally move here outside of that
1409 02:08:23 --> 02:08:30 range, we had the stops below here taken out, as I mentioned, and then we traded
1410 02:08:30 --> 02:08:35 above the high. Okay, wonderful. Once it does that, that means we left this
1411 02:08:35 --> 02:08:41 consolidation. Did we lead the consolidation after a stop hunt? Yes. So
1412 02:08:41 --> 02:08:45 that means, once we're outside of this range, and if we have a fair value gap,
1413 02:08:45 --> 02:08:54 those tend to be left open. So what does that mean? You can feel not today, not
1414 02:08:54 --> 02:08:57 on a day like to this, but you're going to see me talk about it on other days
1415 02:08:57 --> 02:09:00 where there hasn't been a big PPI number, CPI number or something that
1416 02:09:00 --> 02:09:04 effect where we move outside of a range, and we have the same element here. This
1417 02:09:04 --> 02:09:07 is something you can go back and look at your old charts. Maybe it's a trade idea
1418 02:09:07 --> 02:09:11 that you lost on or maybe you missed the move, or maybe you didn't know what the
1419 02:09:11 --> 02:09:16 market was going to do. And you can go back and look at your old charts and see
1420 02:09:16 --> 02:09:20 this here, and you'll see that they stay open, not all the time, but most of the
1421 02:09:20 --> 02:09:25 time, if it's something like this, and you anticipate them staying open, and
1422 02:09:25 --> 02:09:30 you have a target up here that you think is going to draw a price to, you can put
1423 02:09:30 --> 02:09:36 this candlesticks low your limit order right at that candle sticks low because
1424 02:09:36 --> 02:09:41 then it only takes one tick to get below it to fill You long and then aim for
1425 02:09:41 --> 02:09:45 your your target. Now this is like a bread and butter type setup where it's
1426 02:09:45 --> 02:09:48 not a whole lot of movement, it's not a whole lot of range, but you can see we
1427 02:09:48 --> 02:09:51 did trade all the way to the top of that volume and balance on the daily chart.
1428 02:09:53 --> 02:09:58 So this one for your purposes and exercise of logging it you want to make
1429 02:09:58 --> 02:10:03 sure your charts all. The way over the whole real estate of your chart. You
1430 02:10:03 --> 02:10:06 don't want to have your charts like this, Kayla, because if I start seeing
1431 02:10:06 --> 02:10:10 it, it's going to drive me nuts. The whole chart from the beginning of the
1432 02:10:10 --> 02:10:15 move down here to the target. And make sure your chart is really filled up. And
1433 02:10:15 --> 02:10:18 it's showing you a nice range that we can see the prices over here. And it
1434 02:10:18 --> 02:10:23 gives you lots of places where you can write and annotate. Okay, but when it's
1435 02:10:23 --> 02:10:26 open like this, you can use institutional order for entry drills,
1436 02:10:26 --> 02:10:31 which is a partial entry into a fair value gap that you believe strongly is
1437 02:10:31 --> 02:10:38 not likely to completely fill in. Now you will see these setups form and you
1438 02:10:38 --> 02:10:42 will enter with institutional order for entry drill as your entry model, just
1439 02:10:42 --> 02:10:46 like any other model, any other entry technique, okay, but it's a very
1440 02:10:46 --> 02:10:53 specific element of anticipating fair value gaps that you believe will not
1441 02:10:53 --> 02:10:58 close up or fill in like like in here. So if you see those, and I talk about
1442 02:10:59 --> 02:11:06 many times in my examples, either audibly in like a review, or when we're
1443 02:11:06 --> 02:11:09 watching recordings or tape reading, you'll hear me say, I want to see this
1444 02:11:09 --> 02:11:13 stay open. When I was doing Twitter spaces and I was calling every
1445 02:11:13 --> 02:11:18 individual one minute candle, I'd say, note candle at 10:47am, one minute
1446 02:11:18 --> 02:11:26 basis, okay, and Q. And then I'd say, I want to see that one stay open or remain
1447 02:11:26 --> 02:11:30 unfilled. That's the equivalent of me saying when we were watching it live
1448 02:11:30 --> 02:11:33 down here, I want to see this one stay open. I don't want to see it fill in.
1449 02:11:34 --> 02:11:40 And it doesn't okay. That proves there's logic there. It means there's something
1450 02:11:40 --> 02:11:45 behind what price is doing that's causing me to say those things. It's not
1451 02:11:45 --> 02:11:49 me just pulling shit out of my ass and just saying, hey, you know I talk and
1452 02:11:49 --> 02:11:54 hear myself talk. I'm drawing your attention to something that I know, with
1453 02:11:54 --> 02:12:01 experience will most likely present this, okay, contrast that with all of
1454 02:12:01 --> 02:12:06 everything else that was going on prior during the beginning of the stream, I
1455 02:12:06 --> 02:12:11 was in observation mode. I want to see this. I want to see that, because if it
1456 02:12:11 --> 02:12:15 does this, then I'll have more information. I have no hard line fast.
1457 02:12:15 --> 02:12:19 This is what's going to do until we had that. Then I said I want to see this
1458 02:12:19 --> 02:12:23 stay open and we're going to likely draw up in the net daily volume and balance.
1459 02:12:23 --> 02:12:27 Is it something I'm going to trade? No, I'm not interested in being long. But
1460 02:12:27 --> 02:12:32 ICT, it's moved up 3040, handles by now. Why didn't you take the trade? Because
1461 02:12:32 --> 02:12:38 it's going against my comfort level. I don't want to take this trade. I can. I
1462 02:12:38 --> 02:12:44 can make all the points and handles I want just on Friday and not do anything
1463 02:12:44 --> 02:12:50 today, tomorrow or Thursday. That's the benefit of knowing that this stuff
1464 02:12:50 --> 02:12:56 repeats. You don't have that you think that every time there is something for
1465 02:12:56 --> 02:13:00 me in price action, and I'm talking about it live, something happens in your
1466 02:13:00 --> 02:13:04 head, where you think this is the only time it's going to work, or this is the
1467 02:13:04 --> 02:13:08 only time that I have the opportunity to use this information. And I need to, I
1468 02:13:08 --> 02:13:12 need to hear him say, this is a buy or sell. I need him to tell me where the
1469 02:13:12 --> 02:13:15 stop loss, because you think that there's nothing else ever going to
1470 02:13:15 --> 02:13:19 repeat in this, like this is the only opportunity, and the way you get past
1471 02:13:19 --> 02:13:25 that is doing what we're doing here, like if, if you stopped watching the
1472 02:13:25 --> 02:13:29 stream, you come back later on, because, you know, you don't see any value in
1473 02:13:29 --> 02:13:34 this. You clearly are not ready to learn. You're not because this is the
1474 02:13:34 --> 02:13:40 part that everybody has to do with me. And I forced my paid students, our live
1475 02:13:40 --> 02:13:44 streams, or my live stream that I was dealing with them was me doing this with
1476 02:13:44 --> 02:13:52 them. In the first the first group of individuals I had people quit to the
1477 02:13:52 --> 02:13:58 tune of like 150 people in the first 60 days because they wanted a signal
1478 02:13:58 --> 02:14:01 service. When I told them there wasn't a signal service. I'm going to show you
1479 02:14:01 --> 02:14:05 characteristics in price action, and I want you to log them, and you're going
1480 02:14:05 --> 02:14:10 to see over time, certain things tend to repeat. And the things I'm referring to
1481 02:14:10 --> 02:14:14 in price action, you're going to identify on a personal level that it
1482 02:14:14 --> 02:14:21 makes sense to you, where other things you may not be all that interested in,
1483 02:14:21 --> 02:14:27 and you filter those things out, and you work on whatever PD array, what specific
1484 02:14:27 --> 02:14:32 principle of the price action that you see that is obvious to you, it's jumping
1485 02:14:32 --> 02:14:39 off the chart. That means that your concern is around that very function in
1486 02:14:39 --> 02:14:44 price delivery, and that is the beginning foundation to your model, your
1487 02:14:44 --> 02:14:49 first model. It may not be the be all, end all that you retire yourself with.
1488 02:14:49 --> 02:14:52 It may not be the thing that you make the most money with. It just means that
1489 02:14:52 --> 02:14:58 that's your starting point. So I'm forcing Caleb into fair value gap,
1490 02:14:58 --> 02:15:01 because that's what I want to focus. So on, and it just makes it easy. Because
1491 02:15:01 --> 02:15:04 if I got to go through this again with him, I'm going to do it where it's more
1492 02:15:04 --> 02:15:12 comfortable for me, and, you know, it's up to him to keep up, but for everyone
1493 02:15:12 --> 02:15:17 else outside of him, because he's my son, I can exercise the role of dad even
1494 02:15:17 --> 02:15:20 though he's in his mid 20s. I'm just going to say, look, I'm dad, and this is
1495 02:15:20 --> 02:15:23 the way it's going to be. You know, if we're going to do this, we're doing it
1496 02:15:23 --> 02:15:29 my way, and for everyone else, just default back to what I've said many
1497 02:15:29 --> 02:15:35 times in other lectures and mentorship teachings, is that I'm inviting you as
1498 02:15:35 --> 02:15:40 the viewer, as the student. When you come here, you're not paying for the
1499 02:15:40 --> 02:15:45 lessons you do have to listen to things that are important, and the main
1500 02:15:45 --> 02:15:53 takeaway is it's allowing you to find the best fit, technically, out of all
1501 02:15:53 --> 02:15:58 the things I teach, which one makes the most sense to you. Now, it doesn't
1502 02:15:58 --> 02:16:03 diminish the effectiveness or efficacy of any anything else that I use or
1503 02:16:03 --> 02:16:07 teach. It just means that you're going to cut to the chase. You're going to get
1504 02:16:07 --> 02:16:10 right to the point kind of what most people want me to do when I'm teaching.
1505 02:16:10 --> 02:16:13 If you comment and say, I talk too much, you know, I bring you in the comment
1506 02:16:13 --> 02:16:16 section too. I never get to see your comments ever again, because if you're
1507 02:16:16 --> 02:16:20 rude enough to say shit like that, you never get a chance to have my attention.
1508 02:16:20 --> 02:16:30 So for you, because I'm so interested in teaching you every facet to what it is
1509 02:16:30 --> 02:16:34 going on the chart and how to focus in on what you should be doing
1510 02:16:34 --> 02:16:40 individually, but me having no impact on that. You have to determine what it is
1511 02:16:40 --> 02:16:43 that you like, I'm going to walk you through this price run and show you how
1512 02:16:43 --> 02:16:46 many examples there are that you could arrive at. So that kind of gives you,
1513 02:16:46 --> 02:16:49 like, a baseline. It's okay. Now I know what he's talking about. So now I'm
1514 02:16:49 --> 02:16:56 going to start doing those things and start seeing, or start seeing the the
1515 02:16:56 --> 02:17:00 gravitation towards one PD array. Don't try to force yourself into it because I
1516 02:17:00 --> 02:17:04 said I'm forcing Caleb in it, so therefore that's the secret sauce. No,
1517 02:17:04 --> 02:17:09 you might be doing something entirely different, and I'll show you what I mean
1518 02:17:09 --> 02:17:14 in a moment. But for the sake of the discussion, you want to be able to
1519 02:17:15 --> 02:17:21 present yourself with that opportunity for you to pick what it is that you see
1520 02:17:21 --> 02:17:26 by nature, by the very fact that you're watching price action, and I'm
1521 02:17:26 --> 02:17:29 commenting on it, and this is what I think the price is going to do, and this
1522 02:17:29 --> 02:17:34 is what it shouldn't do when I say those things, and price starts to march to a
1523 02:17:34 --> 02:17:41 specific level. And if you see something that I teach as a PD array, I'm probably
1524 02:17:41 --> 02:17:45 not going to key up a whole lot of interest around it, because I'm forcing
1525 02:17:45 --> 02:17:51 Caleb to look at the gap. Hence, this one running to here. That's that from
1526 02:17:51 --> 02:17:51 here
1527 02:17:53 --> 02:18:00 to here. That's all I would expect for Caleb. That's it. And we waited until
1528 02:18:01 --> 02:18:07 1052 which is inside the macro for 11 o'clock. 1050, to 1110, there's going to
1529 02:18:07 --> 02:18:12 be a run on liquidity or run to inefficiency. I'll walk you through that
1530 02:18:12 --> 02:18:18 macro before I close this one. But the the idea is, you want to see what, where
1531 02:18:18 --> 02:18:24 does your attention jump to, even if I'm talking about price action, I'm
1532 02:18:24 --> 02:18:29 referring to something your attention may go and go right to something else
1533 02:18:29 --> 02:18:35 that I teach like it's an order block, a stop run like here institutional
1534 02:18:35 --> 02:18:40 orphanage drill for students of mine that know what An institutional or
1535 02:18:40 --> 02:18:44 financial drill is like my my private mentorship students. As soon as I
1536 02:18:44 --> 02:18:47 outlined the fair value gap, you're, you're probably, you probably already
1537 02:18:47 --> 02:18:51 saw that before I even started mentioning it. But anytime I say a fair
1538 02:18:51 --> 02:18:56 value gap that or an imbalance, should stay open. What I'm saying is this, this
1539 02:18:56 --> 02:19:00 is for your notes. If it's something that's acting as a premium array,
1540 02:19:00 --> 02:19:04 meaning that it's trading up to it, which was the opposite of this, because
1541 02:19:04 --> 02:19:10 we traded up and we're trading back down into it. The most sensitive area in that
1542 02:19:10 --> 02:19:14 fair value gap is going to be the midpoint to the high of it here, which
1543 02:19:14 --> 02:19:20 is this candle is low. So even if it did trade down into it, if I'm wrong about
1544 02:19:20 --> 02:19:24 it, not staying completely open, and it trades down to the low it matters not
1545 02:19:24 --> 02:19:29 because I'm going to get filled either at that candle is low or just above the
1546 02:19:29 --> 02:19:33 consequent crochet or midpoint between the candles high here and the candles
1547 02:19:33 --> 02:19:39 low, so halfway in between my fill will always be in that area. I am never
1548 02:19:40 --> 02:19:46 trying to get a fill at the low end, because I I've seen many times that the
1549 02:19:46 --> 02:19:49 market won't go down there, or if it goes down there, it won't fill me
1550 02:19:49 --> 02:19:54 because of the spread. So I'm not trying to frustrate myself. So I want to get in
1551 02:19:55 --> 02:20:01 with the low hanging fruit opportunities of entry the low resist. Sense barriers
1552 02:20:01 --> 02:20:07 to entry. That means the easiest one, that the spread won't be a factor for I
1553 02:20:07 --> 02:20:11 won't have to be perfect. I don't have to demand precision. Okay, to me, this
1554 02:20:11 --> 02:20:18 is precise enough, knowing that if, if I believe that this gap is going to stay
1555 02:20:18 --> 02:20:22 open in and have some measure of openness that are that's not completely
1556 02:20:22 --> 02:20:26 filled in. What am I saying by default? I'm saying that halfway between this
1557 02:20:26 --> 02:20:33 candle is low and this candle is high. Halfway point which is consequent
1558 02:20:33 --> 02:20:37 encroachment, it's going to go no lower than one tip below consequent
1559 02:20:37 --> 02:20:44 encroachment, meaning that I have to find a fill if I'm going to go long. At
1560 02:20:44 --> 02:20:49 that midpoint to this candle is low, there's nothing wrong with going one
1561 02:20:49 --> 02:20:54 tick as your limit order above this candle slow. Also, that really assures
1562 02:20:54 --> 02:20:58 that even if you just book this price low, chances are you're probably going
1563 02:20:58 --> 02:21:01 to get a fill. Worst case scenario, if it goes one tick below it, then you
1564 02:21:01 --> 02:21:06 should have no problem getting filled. But I've been in the market with real
1565 02:21:06 --> 02:21:12 accounts, with limit orders where the market has spread two ticks beyond my
1566 02:21:12 --> 02:21:18 limit order, and it still did not fill me, and it ran without me. So it doesn't
1567 02:21:18 --> 02:21:22 guarantee that you're going to get in, which is why I always try to use and
1568 02:21:22 --> 02:21:26 teach low hanging fruit objectives for targets. And the same thing happens for
1569 02:21:26 --> 02:21:33 entries. We're looking for the lowest resistance and or barrier to getting in
1570 02:21:33 --> 02:21:39 trade. So what's if we believe that this is going to stay open? Caleb, where
1571 02:21:39 --> 02:21:42 would you place your limit order to get in as a buy. If you're trying to aim for
1572 02:21:42 --> 02:21:49 this volume and bounces I outlined before it traded there, is it going to
1573 02:21:49 --> 02:21:53 be you're using that low as your limit order. Are you going to use one tick
1574 02:21:53 --> 02:21:58 above it and just feel comfortable with absorbing any of that extra draw down,
1575 02:21:59 --> 02:22:02 being willing to see it trade down to the low, because it could spike down
1576 02:22:02 --> 02:22:08 here and do that and still, still trade up there. But your stop has to be below
1577 02:22:08 --> 02:22:13 this, candles high. So the risk is defined by, okay, let's say like this.
1578 02:22:14 --> 02:22:17 Look at this value up here. Okay, right above where I'm showing you my cursor,
1579 02:22:20 --> 02:22:27 that low is 18,009 31 even. So your limit order could be 930 1.25 so if it
1580 02:22:27 --> 02:22:32 books at 931 even on that candle, as soon as it does that, it should fill
1581 02:22:32 --> 02:22:37 you. But it might not that low comes in at 929, even you're getting filled.
1582 02:22:37 --> 02:22:44 You're literally giving it five ticks. You know of or No? Was it more than
1583 02:22:44 --> 02:22:50 that? 31 nine ticks. You got nine ticks, four ticks makes up a handle. So it's
1584 02:22:50 --> 02:22:56 nine ticks traversing in price. So you're absolutely getting in there. So
1585 02:22:56 --> 02:23:02 what is a low resistance, barrier entry approach to using that institutional
1586 02:23:02 --> 02:23:06 order for entry drill. That sounds like a whole lot of stuff. Sounds technical,
1587 02:23:06 --> 02:23:09 doesn't it? Technical science? How about that? Anton Creole, we're not talking
1588 02:23:09 --> 02:23:13 about technical science. You might not be talking about that over in Goldman
1589 02:23:13 --> 02:23:19 Sachs, baby, but over here, it's technical science, okay, but I can't
1590 02:23:19 --> 02:23:24 believe we just talked about Anton. He's my hero. So this entry model here, you
1591 02:23:24 --> 02:23:31 have to anticipate, expect and welcome and afford yourself the amount of
1592 02:23:31 --> 02:23:35 drawdown that could take place, because it could come down here and touch the
1593 02:23:35 --> 02:23:39 low of that. But in my mind, because I've been doing it long enough, and you
1594 02:23:39 --> 02:23:45 will discover this too over time, that the market is controlled
1595 02:23:45 --> 02:23:52 algorithmically. And because of that, these types of events are true if you're
1596 02:23:52 --> 02:23:56 correct. And this is just go back on that for a second. No matter how you
1597 02:23:56 --> 02:24:03 trade, before you enter a trade, you have a religion. You have a faith based
1598 02:24:03 --> 02:24:08 model that what you're pressing the button on. You have faith that it's
1599 02:24:08 --> 02:24:14 going to do something because you believe it will okay. I don't have blind
1600 02:24:14 --> 02:24:22 faith. I have data. I have statistical probabilities that over 30 years, I've
1601 02:24:22 --> 02:24:27 noticed these observations tend to be more apt to be correct than they're not.
1602 02:24:28 --> 02:24:33 And I've transferred this information and logic and process and guidance to
1603 02:24:33 --> 02:24:35 other people all around the world in different walks of life, and they are
1604 02:24:35 --> 02:24:39 able to take this information and make money with it, because it repeats. Okay,
1605 02:24:39 --> 02:24:44 so if the markets are not algorithmic, then how do you explain that these are
1606 02:24:44 --> 02:24:49 very specific elements? Nobody. Chris Lord didn't talk about this. The guy he
1607 02:24:49 --> 02:24:56 learned from doesn't talk about it. It's not in books. I mean, it's all on Amazon
1608 02:24:56 --> 02:25:01 now with my name and logo all over it. You. Reading everything I talked about
1609 02:25:01 --> 02:25:04 in lectures like this one, a lot of things I said in this one, we're going
1610 02:25:04 --> 02:25:06 to be in books on Amazon, but it's probably going to be one of the better
1611 02:25:06 --> 02:25:10 books, because if they do it verbatim, you're going to have a really good
1612 02:25:10 --> 02:25:14 psychological book. But that's it. He just gave me the permission to write a
1613 02:25:14 --> 02:25:22 psychology book, IGT, psychology, whatever the lower portion of that gap,
1614 02:25:23 --> 02:25:26 I'm not interested in seeing it trade down there. But guess what I'm doing?
1615 02:25:26 --> 02:25:31 I'm affording myself the flexibility. Should it do? So it would not freak me
1616 02:25:31 --> 02:25:37 out if it's a day where I'm willing to be long. Okay, so Caleb needs to
1617 02:25:37 --> 02:25:41 determine if he's going to use the low of that candle when there's a likelihood
1618 02:25:41 --> 02:25:46 of a gap not filling, and it trades down into it, okay, the best fills are going
1619 02:25:46 --> 02:25:50 to occur at the midpoint, which is consequence crochet to the high of that
1620 02:25:50 --> 02:25:56 gap, and the least probable fill is going to be in the lower half, because
1621 02:25:56 --> 02:26:00 you're probably not going to get filled. Why? Because this gap formed after
1622 02:26:00 --> 02:26:09 leaving this consolidation. So therefore this gap should behave. It should behave
1623 02:26:09 --> 02:26:14 as a breakaway gap. It's breaking away from this consolidation. See, but the
1624 02:26:14 --> 02:26:19 folks that listen to me or watch what I do, they think it's either so finding me
1625 02:26:19 --> 02:26:23 in because I'm drawing rectangles and over certain specific candles, and it's
1626 02:26:23 --> 02:26:26 not supply and demand, because supply and demand is a fucking myth, unless
1627 02:26:26 --> 02:26:29 we're talking about commodities, because that's a real thing. That's a grocery
1628 02:26:29 --> 02:26:32 store of the world, there's real supply and demand factors in that market, but
1629 02:26:32 --> 02:26:38 everything else is it's not, it's supply and demand. It's controlled. It's it's
1630 02:26:38 --> 02:26:43 controlled. Now, I guess to some degree, commodities are controlled too, but
1631 02:26:44 --> 02:26:49 there's real supply and demand factors with commodities. There's really no need
1632 02:26:49 --> 02:26:53 to be buying a share of stock. There's really no need to be buying gold. It's a
1633 02:26:53 --> 02:26:58 perceived form of of money, but that's getting ready to be zero too. You know
1634 02:26:58 --> 02:27:00 when the Lord comes back, and I know you don't care to hear about this, but he's
1635 02:27:00 --> 02:27:03 coming back soon when he does your silver and gold is going to be cast in
1636 02:27:03 --> 02:27:08 the street, because it's not going to save anybody wealth. Wealthy people in
1637 02:27:08 --> 02:27:12 the last days are not going to be comfortable. They're not okay. That's
1638 02:27:12 --> 02:27:18 why I plan not to be here. So watch my personal YouTube channel if you don't
1639 02:27:18 --> 02:27:23 want to know more about that. But this leaving of that consolidation, you're
1640 02:27:23 --> 02:27:26 breaking away from that if it's not supply and demand that people say I'm
1641 02:27:26 --> 02:27:31 trading with, they're saying that I'm trading support and resistance. So if
1642 02:27:31 --> 02:27:34 this is the resistance here, why didn't it come back down and touch it? Because
1643 02:27:35 --> 02:27:39 it's not support and resistance that makes markets go up and down, the
1644 02:27:39 --> 02:27:43 elements of this inefficiency. Identifying it, as I mentioned, in the
1645 02:27:43 --> 02:27:46 live stream, it'll you'll be able to record, not record, you'll be able to
1646 02:27:46 --> 02:27:49 rewind the stream when it's done, when, when the sessions ended,
1647 02:27:51 --> 02:27:55 within five minutes or so. Usually have to grab a drink or something. Then I'll
1648 02:27:55 --> 02:28:00 go into the settings and I'll add it to the playlist for 2024 mentorship, if
1649 02:28:00 --> 02:28:09 you, if you have bookmarked the playlist every day when the live streams done,
1650 02:28:09 --> 02:28:13 you can find that live stream that was made that day in the playlist in the
1651 02:28:13 --> 02:28:17 order of their new production. So that way you can go back and listen to
1652 02:28:17 --> 02:28:22 everything and do all your note taking. What not but the breakaway gaps, okay,
1653 02:28:22 --> 02:28:27 when I'm when I'm referring to anything like this, where it's not likely to
1654 02:28:27 --> 02:28:32 fill, that's your key. That's your like, okay. That means institutional order,
1655 02:28:32 --> 02:28:40 flow entry, Joe, okay, unless I say that this gap should stay open or unfilled.
1656 02:28:42 --> 02:28:47 You're never looking at institutional order entry. That's not the go to. Now
1657 02:28:48 --> 02:28:53 let me, let me back pedal just a little bit for the folks that like this idea,
1658 02:28:53 --> 02:28:56 because you might think, Okay, well, I'm going to use that as my entry technique,
1659 02:28:57 --> 02:29:02 and even if it's a fair value gap that I may not say I want to see it remain
1660 02:29:02 --> 02:29:08 open. There's nothing wrong with that, per se, if that's your entry model, if
1661 02:29:08 --> 02:29:13 I'm building a position and say this gap is larger, okay, say it's a little bit
1662 02:29:13 --> 02:29:18 wider. I will use institutional order for entry drill as my first entry six
1663 02:29:18 --> 02:29:22 contracts long, and it may dig down into consequent encouragement, or the upper
1664 02:29:22 --> 02:29:26 quadrant, and then I'll add four more. And then, if I really like what it's
1665 02:29:26 --> 02:29:32 doing in there, or if we enter in between, like, say it like this. Say it
1666 02:29:32 --> 02:29:42 goes in at 1047 say this time was 1047 and then at 1049 it went down into
1667 02:29:42 --> 02:29:50 consequent encroachment. And then at 1051 it trades down into one tick below
1668 02:29:50 --> 02:29:54 consequent encroachment. I'll add five contracts on that one, even though I'm
1669 02:29:54 --> 02:29:58 underwater a little bit on the six contracts and underwater maybe a tick or
1670 02:29:58 --> 02:30:02 two on the the trade. That I added four on, that would be 10 contracts. Then I
1671 02:30:02 --> 02:30:06 can go in with a five watt when it goes to one tick below consequent
1672 02:30:06 --> 02:30:10 encroachment, with the same assumptions that this lower portion is going to stay
1673 02:30:10 --> 02:30:15 open I've built in a position, okay, but what I just described, you won't be able
1674 02:30:15 --> 02:30:20 to do that with one particular funded account company like you can't add they
1675 02:30:20 --> 02:30:27 call that averaging in, and it's just building your position you can you can
1676 02:30:27 --> 02:30:34 avoid that by just simply not doing this type of trading. Just do one entry, use
1677 02:30:34 --> 02:30:40 your institutional order entry drill as your only entry, and then add your trade
1678 02:30:40 --> 02:30:46 pyramiding in at a higher place. Okay, like this order block here, this order
1679 02:30:46 --> 02:30:52 block and fair value gap here, you know, all, all those subsequent, later and
1680 02:30:52 --> 02:30:57 higher PD arrays. You can participate with that particular fund. You know what
1681 02:30:57 --> 02:31:00 I'm saying, what company it is? I'm not going to mention them here, because I
1682 02:31:00 --> 02:31:03 don't want to sound like I'm a affiliate or repping them, and the only reason why
1683 02:31:03 --> 02:31:06 I brought up top step is because Caleb said that's the one he's going to use.
1684 02:31:06 --> 02:31:10 Okay, so it's not that I'm trying to funnel anybody there. That's not the
1685 02:31:10 --> 02:31:14 point. But I'm sure they're probably tickled it. I'll keep mentioning them,
1686 02:31:14 --> 02:31:20 but you know, if he has a bad experience, you'll hear about it. So be
1687 02:31:22 --> 02:31:26 the institutional order flow entry drill, is more specific to when we like
1688 02:31:26 --> 02:31:31 to see a gap stay open. So if it does get below that low and enters into it,
1689 02:31:32 --> 02:31:35 the underlying assumption is, is that you think that this is going to somehow
1690 02:31:36 --> 02:31:41 remain the lower half open? Okay, some portion of this gap between these two
1691 02:31:41 --> 02:31:46 candles isn't going to be completely overlapped with sell side delivery. That
1692 02:31:46 --> 02:31:51 means the market moving lower. If this is not your cup of tea and you can't see
1693 02:31:51 --> 02:31:56 that, okay, then you would be trading order blocks, okay? And that would be
1694 02:31:56 --> 02:32:01 this candle right there, and that candle right there, and that candle right
1695 02:32:01 --> 02:32:06 there, because all three of these candles are all one order block, meaning
1696 02:32:06 --> 02:32:12 that this order block is not just the last down closed candle before they run
1697 02:32:13 --> 02:32:18 up. These three consecutive candles are trading back down into this gap that has
1698 02:32:18 --> 02:32:22 already been primed to send price higher, and we're just getting one more
1699 02:32:22 --> 02:32:27 visit here, and then it trades above it, and it comes right back down and digs
1700 02:32:27 --> 02:32:36 into this entire range here. See that? So if you look at it like this, can you
1701 02:32:36 --> 02:32:39 tell I'm having fun today? I was supposed to get out of here at 1030 What
1702 02:32:39 --> 02:32:43 time is it? It's almost noon. I had some people complaining, can you make your
1703 02:32:43 --> 02:32:48 videos shorter? I can't watch all this. I can't help you. Man, go watch somebody
1704 02:32:48 --> 02:32:51 else. Go learn from someone. Go watch the five minute train of people. And
1705 02:32:51 --> 02:32:58 never make any money. Never learn how to do it. This, this open price, all part
1706 02:32:58 --> 02:33:02 of these consecutive candles. Okay, that open price is the change in the state of
1707 02:33:02 --> 02:33:09 delivery. That means the algorithm sees these three candles and goes right to
1708 02:33:09 --> 02:33:14 that opening price. What makes these three candles the order block is because
1709 02:33:14 --> 02:33:19 we have a fair value gap down here. The momentum is shifted higher. This should
1710 02:33:19 --> 02:33:23 stay open. Trades down and touches the top of it and starts to move higher away
1711 02:33:23 --> 02:33:30 from it. It does so Okay, when this candles, I'm sorry, this candles open
1712 02:33:30 --> 02:33:37 price when that is breached, that validates this order of law. Think about
1713 02:33:37 --> 02:33:41 what I taught you yesterday in the live stream, or how my entry mechanism was
1714 02:33:41 --> 02:33:47 for the initial entry in six contract short on NQ. The same logic is being
1715 02:33:47 --> 02:33:53 shown here, just reversing it. Now look at that opening price through all of
1716 02:33:53 --> 02:33:59 this back and forth price action. See that I'm not supply and demand. Okay? I
1717 02:33:59 --> 02:34:02 don't give a shit what anybody else says. Sam Sidon scene seems like a
1718 02:34:02 --> 02:34:06 pretty nice guy. The few video clips people sent to me said you took this via
1719 02:34:06 --> 02:34:13 bullshit. This is not supply and demand. I'm cutting through candles. I'm
1720 02:34:13 --> 02:34:17 labeling an order block based on a supporting PD array. It's not a be all
1721 02:34:17 --> 02:34:21 standalone type thing. It's never an order block. Is never an island of an of
1722 02:34:21 --> 02:34:26 unto itself. But when you watch these multi level marketing heads, okay, and
1723 02:34:26 --> 02:34:32 these 20 year olds that talk like me, they talk like me, and they promote
1724 02:34:32 --> 02:34:35 these ideas and understandings that are incomplete because they don't know what
1725 02:34:35 --> 02:34:38 the they're talking about. See, here we go again. Let me download back in.
1726 02:34:39 --> 02:34:46 Forgive me, Lord, I'm trying, I'm trying. I'm trying. When you have this
1727 02:34:46 --> 02:34:53 opening price, you want to extend that to the right and then study how price
1728 02:34:53 --> 02:34:59 respects and deals with it. The wicks are always allowed to do the damage.
1729 02:34:59 --> 02:35:06 But. Look what the bodies are doing. The bodies are staying in the upper half of
1730 02:35:06 --> 02:35:09 the bodies. The bodies tell you the narrative. Okay, so if you take that
1731 02:35:09 --> 02:35:14 range and still like this, let me, let me, let me make it a little bit taller
1732 02:35:14 --> 02:35:19 so you can see what I'm referring to. You're getting lessons on order blocks.
1733 02:35:19 --> 02:35:23 And didn't even ask for it today. Some of you asked for it, but that's not what
1734 02:35:23 --> 02:35:30 I'm doing. It's just I feel like teaching today. So we have the body on
1735 02:35:30 --> 02:35:38 the open, down to this close, on the lowest down, closed candle, that range.
1736 02:35:39 --> 02:35:43 Okay, that range is where the narrative is going to be seen. You're going to
1737 02:35:43 --> 02:35:47 you're going to see, what if this is an order block these things I'm going to
1738 02:35:47 --> 02:35:55 show you right here. They're going to be present. Okay, extend that forward. The
1739 02:35:55 --> 02:36:00 body stops right there, at that open. But what does the wick do? Trades down
1740 02:36:02 --> 02:36:06 this candle is up close. It doesn't matter. It doesn't mean anything. This
1741 02:36:06 --> 02:36:11 candle trades down into the open, plus a ticker too, and then trades higher. Then
1742 02:36:11 --> 02:36:16 we trade down again. What is it doing? It sends the body into the upper half
1743 02:36:16 --> 02:36:21 between that candles open and this candle is closed. That red line. Look at
1744 02:36:21 --> 02:36:26 what's going on there. Where are the bodies of the candles? Any down, move
1745 02:36:26 --> 02:36:31 back into that range. Where are the bodies? They're in the upper half. So
1746 02:36:32 --> 02:36:38 you don't have to sweat picking the best, best, best entry, if you know what
1747 02:36:38 --> 02:36:41 my order blocks are, and you really won't know everything about until the
1748 02:36:41 --> 02:36:45 books come out. What are you releasing the books I see, I never realized that
1749 02:36:45 --> 02:36:52 writing a book with, I guess, the community I had, and trying to get them
1750 02:36:52 --> 02:36:57 to do what I want them to do, like I want to cover, the way I want to cover,
1751 02:36:57 --> 02:37:01 and they're like, Well, you know, your your your percentage is going to be
1752 02:37:01 --> 02:37:06 lower for the it's a lot of bickering back and forth. I want what I want. So I
1753 02:37:06 --> 02:37:09 understand you want anything. You take it as a rag if I gave it to you, because
1754 02:37:09 --> 02:37:13 you just want to learn the information. But I want, I want my first book to be a
1755 02:37:13 --> 02:37:17 specific way. So we're kind of arguing about what they're willing to do and
1756 02:37:17 --> 02:37:20 what I want done, and if it doesn't work the way I want, then I'm going to use
1757 02:37:20 --> 02:37:26 another publisher, not that I'm going to be a New York seller's best list type
1758 02:37:26 --> 02:37:31 thing. But you know, what I want is what I want. So the opening price extend that
1759 02:37:31 --> 02:37:36 through. You can see all the bodies are are working inside that, but the wicks
1760 02:37:36 --> 02:37:41 are allowed to do the damage, but they're never piercing the body's low.
1761 02:37:41 --> 02:37:51 See that? And then over here, what time is that? Oh, it's so fucking good, isn't
1762 02:37:51 --> 02:37:51 it?
1763 02:37:53 --> 02:37:57 Isn't that delicious? Look at that, 1110, what do you think's happening?
1764 02:37:57 --> 02:38:03 Right there? The algorithm that most people don't want to believe. It opens
1765 02:38:03 --> 02:38:07 it sends the price down into that opening price right there. We're cutting
1766 02:38:07 --> 02:38:12 through candles. Sam, we're cutting through it. Okay, there's no white golf
1767 02:38:12 --> 02:38:17 here, but that opening price, that's the sensitive price point, and that's the
1768 02:38:17 --> 02:38:22 change in the state of delivery, meaning that that right there any return to that
1769 02:38:22 --> 02:38:27 price and or into the upper half of that consecutive down closed candles. And I
1770 02:38:27 --> 02:38:30 know some of this is going to be very confusing, especially if you're brand
1771 02:38:30 --> 02:38:32 new, because when we were talking about fair value, guys, you're like, I get
1772 02:38:32 --> 02:38:35 this makes sense. But this is just for the folks who been around for a while
1773 02:38:35 --> 02:38:40 with me, and they've seen me talk about ICT, order block, and they talked about
1774 02:38:40 --> 02:38:44 it in other circles, where, you know it's this, he's always he talks about
1775 02:38:44 --> 02:38:46 this down close candle, but it's not always this one. When he choose when
1776 02:38:46 --> 02:38:51 he's using consecutive candles. What's the theory? It's the first time I've
1777 02:38:51 --> 02:38:54 taught this. My private mentorship student has never seen this. Okay, like
1778 02:38:54 --> 02:39:00 I'm I'm here to teach. If you don't want to learn, then you know you don't need
1779 02:39:00 --> 02:39:06 to be here, but you can't deny that right there and the time it's forming,
1780 02:39:06 --> 02:39:16 Dave, because it's all time, time, time, time. So here is the first trade in
1781 02:39:16 --> 02:39:21 delivery inside of the fair value gap. This is the PD array at 1050 the
1782 02:39:21 --> 02:39:26 algorithm will do what it will seek, inefficiency or liquidity. Okay, well,
1783 02:39:26 --> 02:39:30 we have a gap. It could act as a breakaway gap. We expected to trade down
1784 02:39:30 --> 02:39:34 into it, but not fill the gap in wonderful. What time is that actually
1785 02:39:34 --> 02:39:40 occurring? At 1052 does it meet the criteria for a macro Yes. So the time
1786 02:39:40 --> 02:39:45 this is forming, it meets it. So that means the market should start to
1787 02:39:45 --> 02:39:51 gravitate where to liquidity here and where I took you to the daily chart.
1788 02:39:51 --> 02:39:54 Because if the market's going to move, it's going to move to something on the
1789 02:39:54 --> 02:39:58 daily chart. It's not just one minute charts. There's got to be some kind of
1790 02:39:58 --> 02:40:02 higher Time Frame. Premise. They. If you build that in relationship to what you
1791 02:40:02 --> 02:40:05 see on the smaller time frames, you have the best of both worlds, but the
1792 02:40:05 --> 02:40:08 inefficiencies on the daily chart, or the stops or liquidity that's being
1793 02:40:09 --> 02:40:15 either engineered or engaged, traded to booked to on the daily chart, all of the
1794 02:40:15 --> 02:40:19 things that make the world go round in the financial market, the key premise
1795 02:40:19 --> 02:40:24 and levels are going to derive from a daily chart. If the previous day's high
1796 02:40:24 --> 02:40:27 and low, the previous days high and low, in the last three days, last week's high
1797 02:40:27 --> 02:40:31 and low, the upper quadrant, the midpoint and the lower quadrant of that
1798 02:40:31 --> 02:40:34 range, those are always the levels that you need to have, and that is not
1799 02:40:34 --> 02:40:37 classic support and resistance. Okay, these are reference points that the
1800 02:40:37 --> 02:40:40 algorithm will always go back to. I don't give a fuck if you're talking
1801 02:40:40 --> 02:40:43 about forex. I don't care if you're talking about bonds. About bonds. I
1802 02:40:43 --> 02:40:47 don't care if you're talking about gold. I don't care if you're talking about any
1803 02:40:47 --> 02:40:52 of the indices, anything that's that's what it's going to do if it's running on
1804 02:40:52 --> 02:40:55 an algorithm. Those are your key reference points. And you're probably
1805 02:40:55 --> 02:40:59 like, Man, I can't wait for him to put the recording out so I can rewind it and
1806 02:40:59 --> 02:41:06 get that again. It'll be there. But here's the 1050, to 1110, macro. And if
1807 02:41:06 --> 02:41:10 you're a first time viewer and you don't know nothing, means every single 60
1808 02:41:10 --> 02:41:17 minute interval, okay, every cent, every 60 minutes, every hour, okay, at the top
1809 02:41:17 --> 02:41:24 of the hour, the market will spool. That means it jumps and runs to one of two
1810 02:41:24 --> 02:41:30 things. It will go to a short term low to tap into liquidity, that it would be
1811 02:41:30 --> 02:41:36 sell stops or sell side liquidity, or it goes up to a short term high, which is
1812 02:41:36 --> 02:41:41 buy side liquidity, or engage buy stops for the purpose of introducing liquidity
1813 02:41:41 --> 02:41:49 to the marketplace, or it trades to an inefficiency to invite smart money to
1814 02:41:49 --> 02:41:54 capitalize on an entry right before price spoils to the liquidity. So in
1815 02:41:54 --> 02:41:59 case you missed it, the inefficiency I identified as it was forming, I said,
1816 02:41:59 --> 02:42:03 you know, I want to see this day open, and I drew your attention to that volume
1817 02:42:03 --> 02:42:06 of gas on the daily chart. That's all you need for a trade, folks. You don't
1818 02:42:06 --> 02:42:11 need to be in it doing all this. You don't need all that. But remember I was
1819 02:42:11 --> 02:42:14 telling you, like, how it's just going to keep marching around. These are days
1820 02:42:14 --> 02:42:18 that you're going to get beat up. And you might know a lot of stuff, you might
1821 02:42:18 --> 02:42:22 be a profitable trader even using other stuff. But when you have these types of
1822 02:42:22 --> 02:42:26 days and you're trying to you work within it, it can be very frustrating.
1823 02:42:27 --> 02:42:32 So if you get one victory, one little win Caleb, and you identify a day like
1824 02:42:32 --> 02:42:38 this, and you feel like it's like, man, it's a hard read, take it and leave and
1825 02:42:39 --> 02:42:43 don't regret it. Don't look back. Don't even look back at it. To shake your feet
1826 02:42:43 --> 02:42:47 off like, you know, shake the dust off the of the trading day and then leave it
1827 02:42:48 --> 02:42:54 but it's occurring at 1052 it's trading them that inefficiency. For what reason
1828 02:42:54 --> 02:42:59 it's going down there to offer fair value for anyone that understands the
1829 02:42:59 --> 02:43:03 elements that I'm teaching you, then where does the market trade to
1830 02:43:03 --> 02:43:07 liquidity, which is that high here, because when it drops down here, the
1831 02:43:07 --> 02:43:11 highest high prior to that is here. But what's above that, what I took your
1832 02:43:11 --> 02:43:14 attention to, I'm doing chart that volume of balance. So from this candles
1833 02:43:14 --> 02:43:27 low, which is 18, 18,009 31 even to this candles high for the buy side, 5150 so
1834 02:43:27 --> 02:43:32 we have 21 handles, or no, 20 handles, okay, 20 handles. That's enough to do a
1835 02:43:32 --> 02:43:37 trade for, like a bread and butter type sec I can, I can eat 10 to 15 handles
1836 02:43:37 --> 02:43:41 out of something like that. Can you? I don't know, but if you're not confident,
1837 02:43:41 --> 02:43:48 don't do it. So to give a better range, that volume imbalance, that shade in
1838 02:43:48 --> 02:43:52 yellow that I got on daily chart, the low of that, we'll just ball talk it and
1839 02:43:52 --> 02:44:00 say it right here, that's 56 so it's 15 handles. Consequent encroachment, I
1840 02:44:00 --> 02:44:06 bought 60. So we're looking at 30 handles thereabouts to get the halfway
1841 02:44:06 --> 02:44:09 point, which is right up here. And that's exactly what I said. I would all
1842 02:44:09 --> 02:44:13 I would only expect that from Caleb. So being a buyer down here, should he felt
1843 02:44:13 --> 02:44:17 inclined to do so, and getting out at midpoint in here and maybe getting
1844 02:44:17 --> 02:44:23 filled here eventually, that would be the trade, and then he'd have to move to
1845 02:44:23 --> 02:44:29 the sidelines to be content with it, the fact that it's a PPI or CPI number
1846 02:44:29 --> 02:44:34 today, and it's doing these type of behavior. I'm not personally interested
1847 02:44:34 --> 02:44:37 in taking these types of trades, even though, clearly, as I've outlined it
1848 02:44:37 --> 02:44:41 today, there are some elements that I can pull out and say, Oh, here's a
1849 02:44:41 --> 02:44:45 setup, and let's watch this. But I'm not going to push the button. There's lots
1850 02:44:45 --> 02:44:49 of things all day long that I may be looking at my phone. I'll maybe out and
1851 02:44:49 --> 02:44:52 about with my wife or whatever. I'm like, Okay, it's going to do this and do
1852 02:44:52 --> 02:44:58 that, but when it does it and it moves, 75 handles, 50 handles, 25 handles, like
1853 02:44:58 --> 02:45:02 they're happening all day long. But I don't feel like I'm missing anything,
1854 02:45:02 --> 02:45:06 because I know how to find trades tomorrow. I know how to find trades this
1855 02:45:06 --> 02:45:10 afternoon. I know how to find trades in the London session. I know to find
1856 02:45:10 --> 02:45:15 trades clearly in the Asian session, like I'm not I'm not running out of
1857 02:45:15 --> 02:45:18 yeast. This Baker doesn't run out of yeast, okay? And that gives you
1858 02:45:18 --> 02:45:23 confidence, which sounds like arrogance to somebody else that's struggling. And
1859 02:45:23 --> 02:45:26 it's not my intention to make you feel that way, but eventually, over a period
1860 02:45:26 --> 02:45:32 of time, my students feel that same mutant power, that confidence, and it
1861 02:45:32 --> 02:45:37 makes us sound like we're arrogant pricks or assholes. And again, it's just
1862 02:45:37 --> 02:45:41 other people that are weak minded. They can't accept the fact that some
1863 02:45:41 --> 02:45:47 individuals have their together, and it's it just feels uncomfortable. They
1864 02:45:47 --> 02:45:50 get their feelings all hurt, okay? And that's the problem with today. They they
1865 02:45:50 --> 02:45:54 wear their their emotions on their sleeve. And if someone's successful and
1866 02:45:54 --> 02:45:58 they want to share, to inspire other people, or you ask them, and they tell
1867 02:45:58 --> 02:46:02 you that what the reality is, and then you're like, Well, I asked you how
1868 02:46:02 --> 02:46:05 you're doing and how much money you're making, and you told me. And now you're
1869 02:46:05 --> 02:46:09 dick. Look at look at you. You tell me how much money you brag. You asked.
1870 02:46:09 --> 02:46:14 Don't ask, if you don't want to know, right? Don't Ask, Don't Tell. So at 1052
1871 02:46:14 --> 02:46:27 we're trading inside the time. That means every hour a macro is in operation
1872 02:46:30 --> 02:46:39 every single hour. Okay, some macros are better than others. I'll leave that for
1873 02:46:39 --> 02:46:44 the book, but I've talked about most of them already on Twitter spaces and or
1874 02:46:44 --> 02:46:51 other videos on this YouTube channel. There are times where you want to be
1875 02:46:51 --> 02:46:55 using them, and others you just want to sit and wait.
1876 02:47:01 --> 02:47:13 Okay, and this would be labeled on your chart, 1050, to 1110, Pam, Eastern Time,
1877 02:47:13 --> 02:47:26 always. Eastern time inside center and Okay, all right. And what we've done is
1878 02:47:26 --> 02:47:31 we've highlighted a time when the algorithm that absolutely does exist, it
1879 02:47:31 --> 02:47:34 controls price, and nothing happens outside of its control unless it's a
1880 02:47:34 --> 02:47:37 manual intervention. And you'll know when an intervention is there because
1881 02:47:37 --> 02:47:42 it's just completely abrupt, sudden, forceful, you're raped. Basically, the
1882 02:47:42 --> 02:47:47 market doesn't give you any chance of getting in. It just runs away one sided.
1883 02:47:47 --> 02:47:50 And if you're in, it in your other side of the marketplace and you're offside,
1884 02:47:50 --> 02:47:55 you're destroyed. Basically, that's manual intervention. Okay? Manual
1885 02:47:55 --> 02:48:00 intervention is FOMC. Look at look at it like that. That's always going on every
1886 02:48:00 --> 02:48:05 single time FOMC comes out at two o'clock and at 230 both of those things
1887 02:48:05 --> 02:48:11 are manual intervention. They're absolutely controlled demolition. That
1888 02:48:11 --> 02:48:15 is not organic. That's not buying and selling pressure. It's not an absence of
1889 02:48:15 --> 02:48:20 buyers or sellers. It's not a void of liquidity. It's a unadulterated rape.
1890 02:48:21 --> 02:48:25 That's exactly what it is. It's destruction. It's carnage. It's designed
1891 02:48:25 --> 02:48:30 to do that, and the sooner you accept that, the better you'll be looking at it
1892 02:48:30 --> 02:48:37 and treating after it forms. But at 1050 for the hour, at 11 o'clock, 10 minutes
1893 02:48:37 --> 02:48:43 before 11 and 10 minutes after 11, that's a 20 minute interval, okay, what
1894 02:48:43 --> 02:48:50 occurs is the market will seek either inefficiency, like this gap here, or it
1895 02:48:50 --> 02:48:56 will seek liquidity. If it's like, say, for instance, we didn't have this gap
1896 02:48:56 --> 02:49:02 here, okay, say this this wick touched this wick or the body's touched, there
1897 02:49:02 --> 02:49:06 was no separation between and not having this one singular candle traversing
1898 02:49:06 --> 02:49:10 between the previous candles low, I'm sorry, high, and the next candles low.
1899 02:49:10 --> 02:49:15 So there's no there's no gap. Basically what I'm saying, if that's the case,
1900 02:49:15 --> 02:49:20 then what you would do is you would wait for the down, closed candle that forms
1901 02:49:20 --> 02:49:24 in any retracement here, it has to run away from it and then come back down,
1902 02:49:24 --> 02:49:28 like we're teaching this order block. That would be what you would look for.
1903 02:49:28 --> 02:49:34 But if there's no inefficiency, you have to use the the order block. So either
1904 02:49:34 --> 02:49:41 it's a gap or an order block or a short term low. So there is no short term low
1905 02:49:41 --> 02:49:47 in here until that forms. But what's there? The inefficiency? So there isn't
1906 02:49:47 --> 02:49:52 a there's no condition that has all three, you know, I'm saying like you're
1907 02:49:52 --> 02:49:55 not going to get a short term low, an order block and a fair value gap that
1908 02:49:56 --> 02:50:00 can't that, that can't occupy the same space in in the time frame. Or chart
1909 02:50:00 --> 02:50:05 you're looking at. It's physically impossible. It doesn't work that way. So
1910 02:50:05 --> 02:50:09 when students first start hearing these lessons, when I had paid mentorship,
1911 02:50:09 --> 02:50:14 they would like, Well, how do I know this? And what if it once you spend time
1912 02:50:14 --> 02:50:20 looking at it, they can't all three agree and exist in the same place, not
1913 02:50:20 --> 02:50:25 at the same price and same time. It doesn't work that way. It's two at best,
1914 02:50:26 --> 02:50:30 but never all three. But usually it's one or the other, okay, at least one of
1915 02:50:30 --> 02:50:34 the three. So there's no short term load to be worried about trading down below.
1916 02:50:34 --> 02:50:39 We do have a gap, but it happens to form after a break away from all the
1917 02:50:39 --> 02:50:43 consolidation that we were monitoring, and I was not interested in all morning
1918 02:50:43 --> 02:50:46 here. And I mentioned that we had these lows down here, we swept below that. And
1919 02:50:46 --> 02:50:51 I said, Okay, I believe that they're going to use the fair value gap that I
1920 02:50:51 --> 02:50:55 mentioned here as support. They didn't really technically touch it at all. It's
1921 02:50:55 --> 02:51:01 like one tick away, but it then displace above the high this gap forms after that
1922 02:51:01 --> 02:51:05 break away from that consolidation. Which is classic algorithmically, it's
1923 02:51:05 --> 02:51:11 not classic support and resistance is it never came back down and touched that
1924 02:51:11 --> 02:51:15 wick. So at 1052, we have our first piece of information. Yes, price did
1925 02:51:15 --> 02:51:19 trade down in there. Yes, it did not fill that lower portion. And any
1926 02:51:19 --> 02:51:23 subsequent touch of the fair value gap. High can be used as support. It should
1927 02:51:23 --> 02:51:29 be immediate response, take off and leave it and trade to that high. But how
1928 02:51:29 --> 02:51:33 far above that high can it go? You got to go to a higher time frame reference
1929 02:51:33 --> 02:51:36 point, which is why I took it to the daily chart to highlight this volume
1930 02:51:36 --> 02:51:40 imbalance. It was the easiest, obvious level above this high that's
1931 02:51:40 --> 02:51:46 inefficient, because there's no way classify short term buy side liquidity
1932 02:51:46 --> 02:51:50 on the daily chart, because you have to go further up. So what's the first PD
1933 02:51:50 --> 02:51:53 array that you'd come to on the daily chart? It's this shaded area that I
1934 02:51:53 --> 02:51:59 highlighted, which is the volume and balance. So from entering here at 1052,
1935 02:52:00 --> 02:52:07 into this very value gap, you have all the way up to 1110 to see any new entry.
1936 02:52:08 --> 02:52:14 So all through this period, from here to here relative to time, okay, this is a
1937 02:52:14 --> 02:52:19 time window. In other words, this is what you're saying in price action,
1938 02:52:19 --> 02:52:26 there's going to be opportunities to be a buyer at a discount array. What
1939 02:52:26 --> 02:52:31 discount arrays Do you see institutional workflow entry drill inside this fair
1940 02:52:31 --> 02:52:34 value gap that should not fill in, because it's breakaway gap. Why? Because
1941 02:52:34 --> 02:52:39 it left the consolidation okay, then we have this down closed candle. Does it
1942 02:52:39 --> 02:52:45 repel price after it does. Does it trade above the opening price? Yes, that
1943 02:52:45 --> 02:52:50 validates this down closed candle as an order block. Is there any down closed
1944 02:52:50 --> 02:52:55 candles prior to that candle immediately to the left of it? Yes. Is there one
1945 02:52:55 --> 02:52:59 prior to that one? Yes. Is there one prior to that one? No. So
1946 02:52:59 --> 02:53:03 algorithmically, the price is called to that opening price, because the highest
1947 02:53:04 --> 02:53:09 portion of these three consecutive down closed candles the opening that's the
1948 02:53:09 --> 02:53:12 price. This is that's the change in the state of delivery. You extend that
1949 02:53:12 --> 02:53:20 through time. How far do you do it all the way till 1110, pray, tell. Pray,
1950 02:53:20 --> 02:53:26 fucking tell how the hell all this stuff just happens to line up all by time
1951 02:53:26 --> 02:53:35 first and price to the fucking tick. There's no algorithm, folks. There's no
1952 02:53:35 --> 02:53:39 way they could control price like this. How could they possibly keep things this
1953 02:53:39 --> 02:53:46 controlled? It 81 million votes, my ass. But looking at this, if you send it
1954 02:53:46 --> 02:53:53 forward trades right back down into that opening price, bang, then it delivers
1955 02:53:53 --> 02:54:02 higher. If you're trying to get a get on board and you're trying to work with a
1956 02:54:02 --> 02:54:08 macro, because a macro that 20 minute interval is like a super charger for
1957 02:54:08 --> 02:54:14 efficiency and immediate responsiveness in your entries. That's not the mean
1958 02:54:14 --> 02:54:17 that you can't take trades outside this. So don't think for a moment that I'm
1959 02:54:17 --> 02:54:22 trying to say ICT only teaches the trade in the first 10 minutes up to the last
1960 02:54:22 --> 02:54:26 Oh, I'm sorry for the first 10 minutes prior to a new hour and 10 minutes after
1961 02:54:26 --> 02:54:31 the new hour. I'm not saying that that's the only entry times. I'm saying that,
1962 02:54:31 --> 02:54:37 as my son, if you focus on these elements of your setups, you're going to
1963 02:54:37 --> 02:54:40 get the better fills. You're going to get the immediate response by Christ
1964 02:54:40 --> 02:54:44 telling you, yes, you're on side. How do you? How do you know your own side when
1965 02:54:44 --> 02:54:48 the market immediately starts moving away from your entry and never getting
1966 02:54:48 --> 02:54:53 close to your stop, that's a wonderful feeling. How do you? How do you get into
1967 02:54:53 --> 02:55:02 trades that promote that as a steady diet? Time, time. Time. Time is the most
1968 02:55:02 --> 02:55:09 critical function in price delivery, and if you can't see that, literally, you're
1969 02:55:09 --> 02:55:15 in denial. You're you're in fucking denial at this stage in the game, after
1970 02:55:15 --> 02:55:22 me showing so much you can't see this, there's no hope for you. Just just
1971 02:55:22 --> 02:55:26 believe it's all random. And then, you know, don't ever watch my videos. But
1972 02:55:26 --> 02:55:30 the point is, is you have the down closed candle here that we walk through
1973 02:55:30 --> 02:55:36 the sequence of, okay? Guidance tells me that if this is an order block, the way
1974 02:55:36 --> 02:55:41 you determine is there's a down close candle prior to that one to that one to
1975 02:55:41 --> 02:55:44 the left, yes. And it does it here, yes. And then you don't have it here, so you
1976 02:55:44 --> 02:55:48 use the opening price there. That's all their algorithms doing. That's the code.
1977 02:55:48 --> 02:55:53 That's what it does. By time it does this. Okay, touched here. Why? Why is
1978 02:55:53 --> 02:55:56 that important? Because this is the framework that causes that inefficiency.
1979 02:55:57 --> 02:56:01 This is where we traded to the low of so to get this filled perfectly, it's got
1980 02:56:01 --> 02:56:04 to offer one tick below it, and that's why it goes down there. That's not
1981 02:56:04 --> 02:56:09 fucking buying pressure that stops it there, folks. It's not the collective
1982 02:56:09 --> 02:56:16 universe of buyers and sellers didn't say, Hey, listen, today's my turn to be
1983 02:56:16 --> 02:56:21 the buyer. I'm going to be low tick. Today. I'm low tick. Everybody else had
1984 02:56:21 --> 02:56:25 a chance to do it, but it's my time. I'm going to be the buyer that gets the low
1985 02:56:25 --> 02:56:32 tick on that candle. Think about the absurdity of stating that the buying and
1986 02:56:32 --> 02:56:37 selling of everybody out there, with all of the shit that they look at on their
1987 02:56:37 --> 02:56:43 charts, the things that they believe the last time their elbow hurt you, and Q
1988 02:56:43 --> 02:56:49 went up 50 handles. The last time they had gal. Then the NASDAQ dropped 500
1989 02:56:49 --> 02:56:55 handles. The nonsense, the people that fucking look at the stars in the moon
1990 02:56:55 --> 02:56:57 and the lunar sequence and says, Oh yeah,
1991 02:56:59 --> 02:57:03 Jupiter's in retrograde. And this is bullshit that has nothing to do with
1992 02:57:03 --> 02:57:08 these markets. It literally has nothing to do with it. But they'll write books
1993 02:57:08 --> 02:57:12 to sell courses, and people buy that shit and eat it up. They'll eat it up
1994 02:57:12 --> 02:57:16 and ask for more. They'll cheerlead these people on the internet and say
1995 02:57:16 --> 02:57:20 they're so smart. Look at the wisdom. Look at the sorcery. He can read the
1996 02:57:20 --> 02:57:24 lunar cycles in the cost of the fucking market is not given two shits about what
1997 02:57:24 --> 02:57:31 the fucking phase of the moon is or where the planets are. You're talking
1998 02:57:31 --> 02:57:39 about horror scopes. Horror scopes. Okay, I mean that facetiously. I am not
1999 02:57:39 --> 02:57:43 following the fucking sun, moon starts to pick a trade idea, okay? Because it
2000 02:57:43 --> 02:57:49 has no bearing on it. Do full moons cause people to be more aggressive?
2001 02:57:49 --> 02:57:54 Sure, I believe in that. But when I read that stuff in Larry Williams book, how I
2002 02:57:54 --> 02:57:57 made a million dollars trading commis last year, and he was talking about the
2003 02:57:57 --> 02:58:01 effects of full moons and what all that, it was an interesting read, but I don't
2004 02:58:01 --> 02:58:06 subscribe to it. I don't believe any of that bullshit, fascinating read at that
2005 02:58:06 --> 02:58:10 time, but I hold absolutely no interest in it, and I don't believe absolutely at
2006 02:58:10 --> 02:58:16 all that has no bearing whatsoever on what price is going to do. So when we
2007 02:58:16 --> 02:58:24 look at price like this, okay, every hour you should have an alarm, or you
2008 02:58:24 --> 02:58:30 have vertical line. Now, when I say the vertical line delineations, this might
2009 02:58:30 --> 02:58:36 be problematic, okay? Because if I do that, you may not see the colors of your
2010 02:58:36 --> 02:58:40 wick where the high and the low is. So just be mindful about what I'm about to
2011 02:58:40 --> 02:58:45 say here, because if you're not going to set alarms time wise, like on a clock,
2012 02:58:46 --> 02:58:49 say, hey, look, you know we're five minutes away from the next macro. What
2013 02:58:49 --> 02:58:54 time would that be on your clock? It would be 10:45am, Eastern Time. That
2014 02:58:54 --> 02:58:58 means New York local time. Everything I'm saying, Folks, if you don't have
2015 02:58:58 --> 02:59:03 this on trading view toggled, I don't care where you live, your time should be
2016 02:59:03 --> 02:59:09 set to this all the time. All the time. Doesn't matter where you are,
2017 02:59:09 --> 02:59:13 graphically, geographically around the world. This is the time that the
2018 02:59:13 --> 02:59:20 algorithm runs on period. But if you don't want to use time alarms, okay, you
2019 02:59:20 --> 02:59:28 can set up little vertical lines framing the macro at each top of the hour. Okay,
2020 02:59:29 --> 02:59:38 so it tells you, okay. Start looking for a run to gaps or inefficiencies or trade
2021 02:59:38 --> 02:59:46 to liquidity. Which one do you do? Well, right here, I'm sorry, right here, at
2022 02:59:46 --> 02:59:50 1050 that's the beginning of the macro. So what? What occurred right there? At
2023 02:59:50 --> 02:59:55 1050 we've already taken out relative equal highs. So we are engaging
2024 02:59:55 --> 02:59:59 liquidity. What kind of liquidity buy side? So what is the mark? What are
2025 02:59:59 --> 03:00:05 those? More likelihood of price going higher at that moment or going lower?
2026 03:00:07 --> 03:00:11 Well, we have the short term low that it forms and then trades higher once more.
2027 03:00:11 --> 03:00:14 So we have buy side once more. The inefficiency below the Marketplace is
2028 03:00:14 --> 03:00:21 where it doesn't exist. In here all this run up to that high, there's no there's
2029 03:00:21 --> 03:00:26 no gap there. All that's laying over top of each other. This wick here goes back
2030 03:00:26 --> 03:00:30 to this, this low. So there's no inefficiency there for the one minute
2031 03:00:30 --> 03:00:36 chart. So what does it mean sell side, if it's going to go discount to here and
2032 03:00:36 --> 03:00:43 or what's that daily inefficiency? Assume yellow, that volume imbalance. We
2033 03:00:43 --> 03:00:47 went down to it here. We rallied back up, traded down one more tire high, and
2034 03:00:47 --> 03:00:52 then did digs all the way back down. What time 12 o'clock. So that's mid
2035 03:00:52 --> 03:00:56 macro. It's like the first 10 minutes entering the last half an hour, or last
2036 03:00:57 --> 03:01:02 half of that 20 minute period. So if it's going to be reacting, reacting off
2037 03:01:02 --> 03:01:07 of that, and if price is bullish, where would it go to at that moment? The price
2038 03:01:07 --> 03:01:12 will spool, where to a inefficiency above that? So where's that at? Not
2039 03:01:12 --> 03:01:18 here, it's basically overlapping. There you have this one, which is a volume
2040 03:01:18 --> 03:01:22 imbalance, which is a smaller form of what this shaded area is that's derived
2041 03:01:22 --> 03:01:26 from the daily chart. So you can trade up to that. It does that handsomely. It
2042 03:01:26 --> 03:01:29 does this one here, again, handsomely. You have all of this here. It trades up
2043 03:01:29 --> 03:01:33 to that there, and then you have the liquidity above that high. So it's just
2044 03:01:33 --> 03:01:37 like riding or climbing a mountain, or rock climbing. This is the surface of
2045 03:01:37 --> 03:01:41 the mountain. You just drop down to go into an area, they'll start going back
2046 03:01:41 --> 03:01:45 up. So you have to look at that surface of that rock, like a rock climber, and
2047 03:01:45 --> 03:01:51 say, Okay, where's my footholds here? Here, all this inefficiency. How can
2048 03:01:51 --> 03:01:56 this inefficiency be used as a foothold? It has to go above it and then come back
2049 03:01:56 --> 03:02:02 down in here, and then sends price higher, again, taking out this high. So
2050 03:02:02 --> 03:02:10 price is doing what it's using this time to refer to key price points. And if you
2051 03:02:10 --> 03:02:17 are looking for a directional run, it helps you frame that every single hour
2052 03:02:18 --> 03:02:21 it does this, which is why I used to brag about all the time on Twitter, I'd
2053 03:02:21 --> 03:02:26 say, look, I can trade every hour candlestick. Every single hour I can
2054 03:02:26 --> 03:02:33 trade it. And it's based on this idea here, okay, all this stuff about 90
2055 03:02:33 --> 03:02:38 minute cycles. I'm telling you for the last time, there is no 90 minute cycles
2056 03:02:38 --> 03:02:41 that you can go out and copy and do something with. There's people doing all
2057 03:02:41 --> 03:02:46 kinds of bullshit, talking nonsense about it. It's just a measure of like,
2058 03:02:46 --> 03:02:51 that's the smallest window of your trading time, anything less than 90
2059 03:02:51 --> 03:02:55 minutes. You're not giving yourself a fair chance. Because what that does is
2060 03:02:55 --> 03:02:59 it guarantees you're going to get one macro. Very minimum, you're gonna get
2061 03:02:59 --> 03:03:03 one macro. And if you know what? If you're knowing what the price is likely
2062 03:03:03 --> 03:03:07 to do, because you understand how to read price, and you also understand a
2063 03:03:07 --> 03:03:12 directional draw on where the market may send price. That means, what do you
2064 03:03:12 --> 03:03:15 think the daily kennels there's going to do? What do you think the session is
2065 03:03:15 --> 03:03:20 going to do? What? What is the weekly chart reaching for? These are all things
2066 03:03:20 --> 03:03:24 that we taught in previous mentorships that are being run back in here, because
2067 03:03:24 --> 03:03:28 we spend enough time on a lower time frame, proving that you don't need to
2068 03:03:28 --> 03:03:33 see all the other stuff. But to get a better view holistically incorporating
2069 03:03:33 --> 03:03:36 the higher time frames, weekly and daily, you get much more information,
2070 03:03:36 --> 03:03:43 which makes your trade decisions a lot easier and better. So you can see how
2071 03:03:43 --> 03:03:49 these elements of time, they're crucial, they are super chargers for anticipating
2072 03:03:49 --> 03:03:55 price runs and how they are to behave, how they how they function. What are the
2073 03:03:55 --> 03:04:00 what's the mechanics behind why a price run takes place? That was what I did a
2074 03:04:00 --> 03:04:05 lot of study in my 20s. I wanted to know what repeating phenomenon were there and
2075 03:04:05 --> 03:04:10 all of these price runs. And back then, I would be in trades where the market
2076 03:04:10 --> 03:04:15 would just take off and start trading one sidedness. And I would go back
2077 03:04:15 --> 03:04:19 through and look at for looking for patterns from the book technical
2078 03:04:19 --> 03:04:23 analysis on the financial markets by John Murphy, and I couldn't see anything
2079 03:04:23 --> 03:04:27 in there because he was teaching support and resistance. So why was these prices
2080 03:04:27 --> 03:04:32 going down to specific levels? They were completely by themselves. They had no
2081 03:04:33 --> 03:04:39 they had no rhyme or reason to why it did it. And I collected and I collected
2082 03:04:39 --> 03:04:43 and I collected, and I started seeing these repeating phenomenon. And I was
2083 03:04:43 --> 03:04:47 obsessive about reading, price, studying. I wanted to figure this shit
2084 03:04:47 --> 03:04:52 out. I had to know it was a physical problem for me, like I it was consuming
2085 03:04:52 --> 03:04:56 every aspect of my life. And you can hear it. I mean, I'm I'm here. It's two,
2086 03:04:56 --> 03:05:00 it's 20 minutes after 12. I was supposed to be out of here two hours ago. I. It,
2087 03:05:00 --> 03:05:08 but I I'm this is my life, this is my passion, and it's my baby, so I want to
2088 03:05:08 --> 03:05:12 brag on it, because she does exactly what she's told to do. And there are
2089 03:05:12 --> 03:05:17 times where it can be messed with, it can be tinkered with, it can be
2090 03:05:17 --> 03:05:22 disrupted, okay? And when you see those types of things, and you understand what
2091 03:05:22 --> 03:05:28 it should do, and it's not doing that. That's the clearest thing I can say that
2092 03:05:28 --> 03:05:33 tells me I'm not doing something in the market that day, and I can't make it any
2093 03:05:33 --> 03:05:40 easier or cleaner than that. So if it's telling me very clearly that it's trying
2094 03:05:40 --> 03:05:44 to do something based on time. First, it's reaching for a pool of liquidity or
2095 03:05:44 --> 03:05:47 inefficiency above or below the marketplace. Then it's going to keep
2096 03:05:47 --> 03:05:51 doing that. And either I'm on a trade or I'm not going to be on a trade, and if
2097 03:05:51 --> 03:05:55 I'm not going to be on a trade, I don't care all of this price action, these
2098 03:05:55 --> 03:05:59 types of runs here. These are not these are not important to me. They're not
2099 03:05:59 --> 03:06:02 interesting to me. They may be fascinating because I'm outlining it to
2100 03:06:02 --> 03:06:06 you and why the things happen and how it all stems from that first run out of
2101 03:06:06 --> 03:06:11 that consolidation from earlier in the day, and telling you that if it goes
2102 03:06:11 --> 03:06:14 higher, I'm not going to be a part of it, and I'm okay with it, but there'll
2103 03:06:14 --> 03:06:21 be certain aspects to it that I can see that are synonymous to what we look for
2104 03:06:21 --> 03:06:26 for algorithmic trades. Look at the difference between like, see how we have
2105 03:06:26 --> 03:06:36 1150 to 1210 here I'm going to do the same thing for the 1110 to 1050
2106 03:06:42 --> 03:06:46 Okay, so in between these two vertical lines here the purest, cleanest
2107 03:06:46 --> 03:06:51 delivery, how price will spool now, think about like I gave you the analogy
2108 03:06:51 --> 03:06:56 last week. If you're a fisherman, and you cast your your your lure on your
2109 03:06:56 --> 03:07:01 reel, you cast it out, and all that fishing line starts spooling off the
2110 03:07:01 --> 03:07:06 reel as the as the lure and the weight and the hook gets further away from your
2111 03:07:06 --> 03:07:12 rod as you cast it out. That spooling, that, that leaving of the reel as this,
2112 03:07:12 --> 03:07:16 this fishing line comes off that. That's what's occurring here. It's spooling off
2113 03:07:16 --> 03:07:22 of it, running away as it's being cast away from the rod. Okay, look at the
2114 03:07:22 --> 03:07:27 difference between in between 1050 and 1110, which is what I'm teaching you.
2115 03:07:27 --> 03:07:33 The algorithm does the real runs start in there, and then after 1050 price can
2116 03:07:33 --> 03:07:38 still advance. But look how shitty it gets, all of this, all of this, all of
2117 03:07:38 --> 03:07:41 this, all of this. And then suddenly, what happens? The algorithm starts going
2118 03:07:41 --> 03:07:48 back into what it does, following its code at 1050, 10 minutes to 12, we get
2119 03:07:48 --> 03:07:56 run on liquidity, back down into a discount sell side run. Can you see
2120 03:07:56 --> 03:08:01 that? And this is, this isn't most obvious examples, but even on a shitty
2121 03:08:01 --> 03:08:07 day like this, you can clearly see something's going on between this time
2122 03:08:07 --> 03:08:13 window of 20 minutes. And I want you to study your charts like that, on a one
2123 03:08:13 --> 03:08:18 minute chart, on a 15 second chart, even if you don't have the ability to do the
2124 03:08:18 --> 03:08:23 15 second chart. Now once you excuse me, once you get to the point where you can
2125 03:08:23 --> 03:08:28 afford to do so, then, then obviously, collect it. If you have friends that
2126 03:08:28 --> 03:08:32 are, you know, training with you, and they have the ability to do 15 second
2127 03:08:32 --> 03:08:35 charting, share that you share the chart with them. You're not You're not giving
2128 03:08:35 --> 03:08:39 them real time access. You give them something that's already happened, but
2129 03:08:39 --> 03:08:43 this is something that you should be observing and studying, because I've
2130 03:08:43 --> 03:08:48 taught about this, and people have tried to make courses around it, and they have
2131 03:08:48 --> 03:08:52 no idea the fuck you're talking about. They've rooked people. They've scammed
2132 03:08:52 --> 03:08:56 people because of something I've said, and they use the buzz words, and they
2133 03:08:56 --> 03:08:59 claim that, oh, this is what it's doing. And they talk about all these other
2134 03:08:59 --> 03:09:05 macros that aren't macros. They're not fucking macros. This is your macro. This
2135 03:09:05 --> 03:09:13 is this is what they are, right here. Now, you do have a midnight to one
2136 03:09:13 --> 03:09:19 o'clock in the morning macro. You do have a final hour of the day. Three
2137 03:09:19 --> 03:09:26 macros, I've talked about them for in the sea, trading what you do with them
2138 03:09:26 --> 03:09:29 and how to use them and when to use one over the other. That's what's going to
2139 03:09:29 --> 03:09:34 be on the book I've already taught you a clinic today on macros. If I ever
2140 03:09:34 --> 03:09:37 stopped and never mentioned macros again, I have given you such an
2141 03:09:37 --> 03:09:42 advantage, I've given you a baseball bat, okay, that you could walk out there
2142 03:09:42 --> 03:09:47 every single day and smash something if you have a general idea where the
2143 03:09:47 --> 03:09:51 market's likely to go, that's the that's the first and foremost lesson, though,
2144 03:09:51 --> 03:09:55 which is why I've been beating it into everybody's head and when I teach
2145 03:09:55 --> 03:09:59 knowing where the market's trying to gravitate and draw to if you don't have.
2146 03:10:00 --> 03:10:04 That everything else is going to put you offside, and you're not going to do
2147 03:10:04 --> 03:10:08 well, and you'll be frustrated. But once you understand where the market's likely
2148 03:10:08 --> 03:10:12 to draw to, and it has range, what's range? It's got at least be able to move
2149 03:10:12 --> 03:10:16 10 handle, I'm sorry, 20 handles, because at 20 handles, I can get 15
2150 03:10:16 --> 03:10:20 handles or 10 handles from that. So if I'm if I'm not confident that I can see
2151 03:10:20 --> 03:10:25 a very simple price run of 20 handles. It's going to be one sided, it's going
2152 03:10:25 --> 03:10:30 to be timeable, where I can go in and anticipate it occurring. Then I'm not
2153 03:10:30 --> 03:10:34 interested in taking the trade, and I don't care how it trades and keeps
2154 03:10:34 --> 03:10:37 moving and moving and moving. I don't care about that, because I know that
2155 03:10:37 --> 03:10:40 there's going to be technical days that's going to be like this that I
2156 03:10:40 --> 03:10:44 don't care too much about, and for people that are brand new, and they
2157 03:10:44 --> 03:10:47 think, Well, you know, look, this thing's been going up the whole day. He
2158 03:10:47 --> 03:10:50 should have made this. And should have made that. I'm not here to prove
2159 03:10:50 --> 03:10:55 trading. I'm here to teach my son how to start being able to determine where the
2160 03:10:55 --> 03:10:59 market's going to go and where to avoid, where it's not likely to be so easy to
2161 03:10:59 --> 03:11:03 trade and navigate in you're going to tell me all this stuff in here. All this
2162 03:11:03 --> 03:11:06 stuff was in here perfectly clear to you, every little, tiny, little
2163 03:11:06 --> 03:11:10 fluctuation, I guarantee you, if you were in a trade, every single instance
2164 03:11:10 --> 03:11:13 where it was dropping down, your asshole was puckering. But you're going to talk
2165 03:11:13 --> 03:11:18 about it after the fact. I'm not out here after the fact, I'm outlining it
2166 03:11:18 --> 03:11:25 and giving the logic as it's happening. So it's up to you to test this theory in
2167 03:11:25 --> 03:11:31 your charts, log it, and then if you don't see where the market's referring
2168 03:11:31 --> 03:11:36 to beforehand, there's no there's no shame in getting, getting the
2169 03:11:36 --> 03:11:40 information after the fact, because Hindsight is 2020, and every doctor,
2170 03:11:40 --> 03:11:44 every surgeon, every fucking lawyer, every professional, every pilot,
2171 03:11:45 --> 03:11:51 everybody started learning their trade in hindsight. They looked at hindsight
2172 03:11:51 --> 03:11:56 examples. Everything has to be started from the basis of hindsight. And why
2173 03:11:56 --> 03:11:59 people pretend that looking at hindsight moves and studying price action like
2174 03:11:59 --> 03:12:03 that is not beneficial, like you're going to somehow learn how to do this
2175 03:12:03 --> 03:12:06 without doing that. They're full of shit. And because most people come in
2176 03:12:06 --> 03:12:10 this industry chomping at the bit to hurry up and run to make money, and
2177 03:12:10 --> 03:12:14 they're impatient, that's a huge market to tap into. I could rook all of you
2178 03:12:15 --> 03:12:22 easily, easily, if I wanted to, and fleece 95% of you immediately, just by
2179 03:12:22 --> 03:12:25 saying, I'm going to give you the secrets to the macros, and here's the
2180 03:12:25 --> 03:12:30 course, sign up to it. It's 560 bucks, and you only have this much time to join
2181 03:12:30 --> 03:12:35 up. And once it's done, I'm done, and not have fucking millions of dollars
2182 03:12:35 --> 03:12:40 thrown at me again, because you've seen enough. Okay? You've seen enough to
2183 03:12:40 --> 03:12:45 validate the things I'm talking about. You watch me call it live. You watch me
2184 03:12:45 --> 03:12:49 explain it, even though it may be at a level of detail and pace that you don't
2185 03:12:49 --> 03:12:52 like, but you can't argue the fact that I can see this shit before it happens,
2186 03:12:52 --> 03:12:56 and I can tell when I don't want to be a part of something. And if I say this
2187 03:12:56 --> 03:13:00 much and I give the buzzwords, and other people know that, wow, there's going to
2188 03:13:00 --> 03:13:03 be people that want to buy this shit. And I'm in a country where nobody I'm in
2189 03:13:03 --> 03:13:06 a country where nobody come after me if I scam them, so all I gotta do is get
2190 03:13:06 --> 03:13:09 them to send the money one time if they never pay again, I don't give a shit. I
2191 03:13:09 --> 03:13:13 can pay my bills. I can live. I can eat. And unfortunately, I've had a lot of
2192 03:13:13 --> 03:13:18 people all around the world in third world nations, scam individuals in those
2193 03:13:18 --> 03:13:22 third world nations and live then saying I'm in ICT mentorship, and this is what
2194 03:13:22 --> 03:13:26 he's doing. My private mentorship people barely get from me, because I have
2195 03:13:26 --> 03:13:33 leakers in there. Once in a while, I'll hang out with them, but no. So if I'm
2196 03:13:33 --> 03:13:36 going to share it and teach it, I'm going to amplify on what they've already
2197 03:13:36 --> 03:13:39 learned, which works because I have students that have made millions of
2198 03:13:39 --> 03:13:44 dollars. Find your mentor online, selling $200 courses that any
2199 03:13:44 --> 03:13:49 millionaire, they made none. Okay, they've made none, and they're watching
2200 03:13:49 --> 03:13:54 this live stream right now. Hi, Patrick. So if you're looking at this as a basis
2201 03:13:54 --> 03:13:58 of finding when the moves begin or where they originate, this is one of the
2202 03:13:58 --> 03:14:03 easiest ways that you can frame out your hindsight moves and start studying them,
2203 03:14:03 --> 03:14:09 and then by going through the process of reading all this stuff, okay, notice how
2204 03:14:09 --> 03:14:14 candlesticks, in and of themselves that are down, closed candles, okay? If, if
2205 03:14:14 --> 03:14:19 order flow is bullish, okay, for the sake of benefit of you know, the
2206 03:14:19 --> 03:14:23 hindsight that's it's available here. Obviously the market wants to go higher,
2207 03:14:23 --> 03:14:29 and we can see this done so. But where are you? Keying up your interest in
2208 03:14:29 --> 03:14:37 this? Because if you're trading outside of the 1050, to 1110, I'm sorry, 1150,
2209 03:14:38 --> 03:14:46 to 1210, and 1050, to 1110, intervals. You're You're demanding that you know a
2210 03:14:46 --> 03:14:51 whole lot more than you probably do in your skill set and your progress of of
2211 03:14:51 --> 03:14:56 learning how to reprice action. What I do is I'm putting your focus inside of
2212 03:14:56 --> 03:15:02 these specific windows of time. I. Where the setups will absolutely fucking be
2213 03:15:02 --> 03:15:07 there. You might get the direction wrong because you have not done enough work in
2214 03:15:07 --> 03:15:14 determining where price will be gravitating to you understand like
2215 03:15:14 --> 03:15:19 there's a certain measure of responsibility on your part, like you
2216 03:15:19 --> 03:15:23 still have to go back to square one, which is where is price being drawn to,
2217 03:15:24 --> 03:15:29 if your models don't start with that first foundational premise, everything
2218 03:15:29 --> 03:15:36 you do after that, or apart from that, is likely to fail, and you won't have
2219 03:15:36 --> 03:15:41 the courage to stick with any trade idea, because any little fluctuation and
2220 03:15:41 --> 03:15:46 return back into this right rally up. These are all ugly retracements. They're
2221 03:15:46 --> 03:15:50 all shitty retracements. I don't like price activity like that. I like price
2222 03:15:50 --> 03:15:57 action that has none of this shit in it, where it runs and creates very obvious
2223 03:15:57 --> 03:16:00 one point of inefficiency, a fair Vega, a buy side imbalance, outside
2224 03:16:00 --> 03:16:04 efficiency, or sell side imbalance, buy sign in efficiency. It's easy for me to
2225 03:16:04 --> 03:16:09 read that. It's it's very, very easy to do that. And my students that know how
2226 03:16:09 --> 03:16:13 to read the price action the things I've taught, they can nod their head and say,
2227 03:16:13 --> 03:16:19 Yes, that's all I do. If it's a day like think about like this. Imagine all these
2228 03:16:19 --> 03:16:25 candlesticks are cars and trucks and tractor trailers on the highway, and the
2229 03:16:25 --> 03:16:29 highway is from this candlestick here to whatever this price is up here. Say you
2230 03:16:29 --> 03:16:34 had the foresight to know that from here to here, it's probably going to keep
2231 03:16:34 --> 03:16:40 going up. Okay? And this, this time of day
2232 03:16:42 --> 03:16:48 is three o'clock in the morning to five o'clock in the morning in your local
2233 03:16:48 --> 03:16:55 time, in your local time, okay? And then this right here is like eight o'clock to
2234 03:16:55 --> 03:16:59 nine o'clock, or seven o'clock to nine o'clock, when it's rush hour, when you
2235 03:16:59 --> 03:17:02 can't go fucking nowhere. Everything's jammed to the gills. You can't do shit.
2236 03:17:03 --> 03:17:06 You're sitting out there cussing and wishing you weren't there. I should have
2237 03:17:06 --> 03:17:09 called out of work today. I should have wished I would have left earlier. I
2238 03:17:09 --> 03:17:12 should have got gas. I'm gonna ride a gas in a fucking accident up here. I
2239 03:17:12 --> 03:17:16 can't get past these people. They won't let me get past. Nobody's let me merge
2240 03:17:16 --> 03:17:19 on. You're dealing with everybody's dealt with that before, right? Well,
2241 03:17:20 --> 03:17:25 look at all the congestion, even though this move has been going up. Look at the
2242 03:17:25 --> 03:17:30 congestion of back and forth, back and forth. You've seen the same guy or woman
2243 03:17:31 --> 03:17:35 that's tried to cut in front of you and change lanes 15 times and she's still
2244 03:17:35 --> 03:17:38 within two car lengths of you and she's cussing and ranting, or even you're and
2245 03:17:38 --> 03:17:41 you're worried about not letting her get in front of you, or letting him get in
2246 03:17:41 --> 03:17:45 front of you, and they never find their way any further up the road. That's
2247 03:17:45 --> 03:17:49 what's going on back here, all through here. And then all of a sudden, you get
2248 03:17:49 --> 03:17:54 to six o'clock in the evening rush hour in the evening time is over, so the
2249 03:17:54 --> 03:17:59 traffic gets cleaner, and then all of a sudden, boom, it starts running because
2250 03:17:59 --> 03:18:05 there's no congestion. There's nothing slowing down the progress of price
2251 03:18:05 --> 03:18:11 delivery. If you're going to trade in environments like this, well, you're
2252 03:18:12 --> 03:18:16 going to do something I'm not interested in. And I can tell you right now, nobody
2253 03:18:16 --> 03:18:20 gives two shits about wanting to trade in this kind of mess here. Nobody's
2254 03:18:20 --> 03:18:27 going to put lipstick on this pig and say, How pretty is that? You're not
2255 03:18:27 --> 03:18:33 going to get it. Nobody's nobody sees this and says, Wow, that's sexy. I don't
2256 03:18:33 --> 03:18:36 give a shit how much money you can prove after the fact that you made. You're
2257 03:18:36 --> 03:18:39 never going to convince people that this is the right place to be trading if they
2258 03:18:39 --> 03:18:44 know anything about reading price. Contrast that with when the market's
2259 03:18:44 --> 03:18:49 running real clean, you have nice run UPS obvious inefficiencies. There's gaps
2260 03:18:49 --> 03:18:52 there, and then it pulls back into those gaps. And you can reasonably expect it,
2261 03:18:52 --> 03:18:56 it's going to be bouncing and trade to another premium array. And then you can
2262 03:18:56 --> 03:18:59 judge whether or not it's going to stop there and go lower. You can swing trade
2263 03:18:59 --> 03:19:04 it. This is not a swing traders market. I guess it's probably would have been
2264 03:19:04 --> 03:19:07 better for me to say it that way. Earlier, I was trying to figure out how
2265 03:19:07 --> 03:19:12 to articulate what it was saying. I like a swing traders environment in intraday,
2266 03:19:13 --> 03:19:17 because I can buy and sell, buy and sell, go short, go long, in the same
2267 03:19:17 --> 03:19:23 trading day, in the same trading session, in the same hour. So if I can't
2268 03:19:23 --> 03:19:27 do those types of things, if I can't be like spider man web swinging back and
2269 03:19:27 --> 03:19:30 forth, up, down, up, down, that's usually an indication that I'm probably
2270 03:19:30 --> 03:19:34 not in a market environment or session that is conducive for me to be
2271 03:19:34 --> 03:19:39 comfortable. Can I squeeze something out clearly, as I outlined over here, I
2272 03:19:39 --> 03:19:44 could have very easily pushed a button on that and said, See, here you go. But
2273 03:19:44 --> 03:19:48 I'm practicing what I preach and what I live by. If it's a condition that I
2274 03:19:48 --> 03:19:53 don't like, I'm staying out of it. Why? Why am I? In the past, I've done things
2275 03:19:53 --> 03:19:56 like that where I said I don't like this, and then all of a sudden, I'm not
2276 03:19:56 --> 03:19:59 going to trade. And then I got there and trade and make, you know, 150 handles,
2277 03:19:59 --> 03:20:02 you. That's because of some asshole leaving and comment saying, oh, you
2278 03:20:02 --> 03:20:05 can't trade today because blah, blah, blah, and then I got to smoke them, and
2279 03:20:05 --> 03:20:08 I do their whole three months of whatever, whatever they pretend they
2280 03:20:08 --> 03:20:13 did. I did it in one day. But because it's my son, that's the real target
2281 03:20:13 --> 03:20:17 audience here, I'm practicing what I preach, because I want him to do those
2282 03:20:17 --> 03:20:23 same things. I want him to be humble. I want him to know that I've made mistakes
2283 03:20:23 --> 03:20:27 doing these types of things, and also where dad has a little bit more
2284 03:20:27 --> 03:20:33 difficulty. Using days like this as a canvas to operate in. I can paint
2285 03:20:34 --> 03:20:40 whatever I want in terms of the hall or profit objective I want for the week I
2286 03:20:40 --> 03:20:49 don't have to be in every day seeking to do it. So I want to be aware of what I'm
2287 03:20:49 --> 03:20:54 saying in the presence of my son's attention, because I don't want him to
2288 03:20:54 --> 03:20:59 gravitate to the things that seem sexy, attractive, action pack that way it
2289 03:20:59 --> 03:21:04 draws attention. For the sake of drawing attention, I want him to be bored when
2290 03:21:04 --> 03:21:07 he does this, not that he's so bored he doesn't want to do it, but because he's
2291 03:21:07 --> 03:21:12 not influenced by fear and greed, and that's a very delicate thing to balance,
2292 03:21:13 --> 03:21:16 and I didn't know how to address those things when I was a 20 year old, but I
2293 03:21:16 --> 03:21:22 was teaching then, and I wasn't prepared to be a teacher. I didn't know enough to
2294 03:21:22 --> 03:21:27 be teaching, but I was charging people money in my 20s because I had initial
2295 03:21:27 --> 03:21:33 success that was completely blind luck. I could not do what you're able to watch
2296 03:21:33 --> 03:21:41 me do today, then I couldn't do it, then I can do it now. And my maturity and my
2297 03:21:41 --> 03:21:45 affinity for other people and concern for other people, because I harmed
2298 03:21:45 --> 03:21:51 myself with these markets too. It hasn't always been good. In my 20s, it was a
2299 03:21:51 --> 03:21:56 wreck. It was bad, it was really bad. But I want my son to be spared of all
2300 03:21:56 --> 03:22:02 that, and he can take all the advantages and the painful lessons I learned and do
2301 03:22:02 --> 03:22:07 the right things. Speed up his learning. Not that I want to make it faster, but
2302 03:22:07 --> 03:22:11 this is the way you speed it up. It's the only way it can be sped up. The
2303 03:22:11 --> 03:22:15 learning curve is shortened by you learning initially, in the early stages,
2304 03:22:15 --> 03:22:22 how you're going to probably mess it up. And 90% of those things, are you
2305 03:22:22 --> 03:22:27 yourself? You're the catalyst that causes those things. It's not poor
2306 03:22:27 --> 03:22:30 information, it's not incomplete lectures, it's not concepts that don't
2307 03:22:30 --> 03:22:37 work. It's you doing things that were not taught to you. You're you're trying
2308 03:22:37 --> 03:22:43 to reinvent it, trying to do something into something different, or you're not
2309 03:22:43 --> 03:22:50 following the rules at all. And if you can't do those two things, you can't
2310 03:22:50 --> 03:22:54 reasonably expect to be able to be productive and profitable in your
2311 03:22:54 --> 03:22:59 learning or eventually being profitable in terms of making money, because you're
2312 03:22:59 --> 03:23:06 not doing all the things you're supposed to do. So tomorrow, we're going to talk
2313 03:23:06 --> 03:23:09 a little bit about turtle soup. I was going to talk about it Friday, but I
2314 03:23:09 --> 03:23:15 lost my train of thought and because my son was sitting next to me, and it just,
2315 03:23:16 --> 03:23:22 it wasn't a good it wasn't a good fix. You know, I had limited time. I wanted
2316 03:23:22 --> 03:23:26 to leave early anyway, and it just, it didn't work out. So tomorrow we're going
2317 03:23:26 --> 03:23:33 to talk about turtle soup and reversal patterns, you know, around that same
2318 03:23:33 --> 03:23:38 subject matter. But I'll, I'll give you my view as prices, you know, real time
2319 03:23:38 --> 03:23:42 producing its runs too. But the main focus tomorrow is going to be teaching
2320 03:23:42 --> 03:23:49 turtle suit. So it's a reversal program. It's a reversal pattern idea. It's a
2321 03:23:49 --> 03:23:56 methodology for capturing reversals. And I think you'll enjoy it. It's not a
2322 03:23:56 --> 03:24:00 great deal of moving parts, but the logic is very simple, and when to look
2323 03:24:00 --> 03:24:04 for it, when not to look for it, kind of like I spent a great deal of time today
2324 03:24:04 --> 03:24:13 highlighting personal attributes about days like this, where I'm comfortable
2325 03:24:13 --> 03:24:18 being in front of you telling you that it might go higher, but I'm not
2326 03:24:18 --> 03:24:22 interested in being in This market, because I know that this one singular
2327 03:24:22 --> 03:24:31 candle isn't the entire capsulation of my trading career. It doesn't limit my
2328 03:24:31 --> 03:24:35 opportunities, because this is the day that I'm watching live with you. Just
2329 03:24:35 --> 03:24:38 look at what we were doing last week. Look at what we were able to do
2330 03:24:38 --> 03:24:44 yesterday. So unfortunately, when I do live streams and or I talk about price
2331 03:24:44 --> 03:24:48 action live, when I was on Twitter, calling every individual candlestick
2332 03:24:48 --> 03:24:52 before it happened, and what it would be reaching for, the idea is that, well,
2333 03:24:52 --> 03:24:58 ICT is always in there every single day, killing it every single day. And I'm not
2334 03:24:58 --> 03:25:03 many times you. If it's around a report day like this, if it behaves like this,
2335 03:25:03 --> 03:25:09 I won't touch it like I'll talk to traders online. You know, everybody
2336 03:25:09 --> 03:25:12 obviously has my phone number because it's, it's public knowledge, and I have
2337 03:25:12 --> 03:25:16 students that shared it, and I have people that trolled me and sent me, not
2338 03:25:16 --> 03:25:22 non nonsensical bullshit the but I do communicate with, you know, people on
2339 03:25:22 --> 03:25:26 the internet that are traders, and our YouTube, YouTube traders, the live
2340 03:25:26 --> 03:25:31 stream and whatnot. And sometimes we'll check in with each other. And then,
2341 03:25:31 --> 03:25:35 how'd you do today? What you do today? And or I'll, if someone had a good day,
2342 03:25:35 --> 03:25:38 I'll congratulate them. Or if they had a bad day, I'll say, you know, what would
2343 03:25:38 --> 03:25:42 you like to do differently if you could go back and do that. Now, obviously I
2344 03:25:42 --> 03:25:47 wouldn't come out of the blue and send that to anybody as a first text, but I
2345 03:25:47 --> 03:25:53 believe I've built a rapport with certain individuals, and they're very
2346 03:25:53 --> 03:25:57 cordial with me. They'll say, Well, you know, I did this or I didn't do this,
2347 03:25:57 --> 03:26:01 and I like seeing that. I like seeing that. They're flexible enough to say,
2348 03:26:01 --> 03:26:01 you know, this
2349 03:26:01 --> 03:26:04 is what I would have liked to do differently. But they don't beat
2350 03:26:04 --> 03:26:08 themselves up about I like that. And if they try to, I kind of refer,
2351 03:26:08 --> 03:26:13 reformulate their statements in a manner. So it's like, yeah, I get what
2352 03:26:13 --> 03:26:16 you're saying, but say it like this. That way, it doesn't feel like you're
2353 03:26:16 --> 03:26:20 you're whipping yourself in the in the woodshed. But anyway, this is one of
2354 03:26:20 --> 03:26:24 those lectures and lessons that I honestly would have paid fucking money
2355 03:26:24 --> 03:26:28 for this, like I would have paid money for this, and if I would have paid
2356 03:26:28 --> 03:26:32 money, and I had sat through this today, I would have got my money's worth and
2357 03:26:32 --> 03:26:38 more, because, having gone through initial stages of thinking, I figured it
2358 03:26:38 --> 03:26:43 out when I was 20, and then losing my ass and then not knowing what it is I'm
2359 03:26:43 --> 03:26:48 supposed to be feeling, or how to identify certain times of the market
2360 03:26:48 --> 03:26:53 where I'm not interested in trading and I have no shame in it. There's no ego. I
2361 03:26:53 --> 03:27:01 don't have any there's nothing that I feel as a embarrassment saying this, and
2362 03:27:01 --> 03:27:10 I hopefully have disarmed many of you that probably feel like that's bothering
2363 03:27:10 --> 03:27:15 me. It feels like, you know, I don't want to admit some frailty, you know, I
2364 03:27:15 --> 03:27:19 want everything to be like, you know, I'm, I'm Superman, like, I have no
2365 03:27:19 --> 03:27:23 weaknesses, but everybody, even Superman, has a kryptonite. And the
2366 03:27:23 --> 03:27:27 sooner you warm up to the idea that you're not expected to be perfect and
2367 03:27:27 --> 03:27:33 you don't have to trade every single day, that is such a very liberating
2368 03:27:34 --> 03:27:40 frame of mind. It's very liberating to feel like you know what, as a constant
2369 03:27:40 --> 03:27:44 reminder before you start trading, you should write it down in your pad that's
2370 03:27:44 --> 03:27:49 next to your computer, not on your screen, and remind yourself, if it
2371 03:27:49 --> 03:27:53 doesn't feel right, if it doesn't look right, and if I don't recognize it, I
2372 03:27:53 --> 03:28:00 don't have to trade. And if live streamers did that, you wouldn't see
2373 03:28:00 --> 03:28:04 them lose as many times as they do, and there's nothing wrong with losing. I'm
2374 03:28:04 --> 03:28:09 not making a sharp, pointed statement, but I believe wholeheartedly, and the
2375 03:28:09 --> 03:28:12 ones that I talk to know what I'm saying is exactly what I've talked to them
2376 03:28:13 --> 03:28:19 about. They do things many times because they sat for a long period of time, and
2377 03:28:19 --> 03:28:23 they have an audience, and that audience is in the chat window, and they can say
2378 03:28:23 --> 03:28:26 they don't want to look at every chat, but the times they feel uncomfortable
2379 03:28:26 --> 03:28:29 because they know they haven't pushed a button, they haven't done anything, they
2380 03:28:29 --> 03:28:32 haven't explained anything, they haven't called something before it happened,
2381 03:28:32 --> 03:28:37 they know that the the natives are getting restless. They want to see
2382 03:28:37 --> 03:28:40 something. They want to see something. They've been there. They've invested
2383 03:28:40 --> 03:28:44 their time watching you, listening to you, looking at your live stream, and
2384 03:28:44 --> 03:28:48 what have you done in their mind? You've wasted their time. No, they wasted their
2385 03:28:48 --> 03:28:54 time. Any of you sitting here today, if you didn't get something from this, you
2386 03:28:54 --> 03:29:01 wasted your time. I didn't waste my time. I've invested into my son with
2387 03:29:01 --> 03:29:05 things that are absolutely grounded in making or losing real money based on
2388 03:29:05 --> 03:29:13 real executions and the lessons I had to learn painfully, painfully, and it took
2389 03:29:13 --> 03:29:17 a lot for me to wrestle myself into submission, saying, Okay, if I see these
2390 03:29:17 --> 03:29:21 things, I'm not trying to prove myself in these conditions. I'm not trying to
2391 03:29:21 --> 03:29:26 do that. I don't need to do that. In the past, I've hurt myself doing that. So I
2392 03:29:26 --> 03:29:35 want to focus where I shine. I want to be visible when I know I have all of the
2393 03:29:35 --> 03:29:41 things in my favor. And if I choose to operate all my trading like that. Guess
2394 03:29:41 --> 03:29:48 what that does that refines you as a very mature principle oriented investor
2395 03:29:48 --> 03:29:51 and trader. That means you're not out there just pushing the buttons for the
2396 03:29:51 --> 03:29:56 to your gamble and thrill of it. You're weighing out all the ramifications of
2397 03:29:56 --> 03:30:00 your decisions. You're not limiting you're not limiting it to just. Dopamine
2398 03:30:00 --> 03:30:05 hit. If you did it right? Are you really following a model? Because if you have a
2399 03:30:05 --> 03:30:09 model that you're following, it's going to have certain measures of criteria,
2400 03:30:09 --> 03:30:12 like we're talking about here. There has to be something that frames a day that
2401 03:30:12 --> 03:30:17 you are not allowed to touch. It cannot be open season every day. So to people
2402 03:30:17 --> 03:30:21 that say every day is a trading day, every day is a profitable day. You're
2403 03:30:21 --> 03:30:27 listening to a gambler period. Okay? They're training you to try to go in
2404 03:30:27 --> 03:30:33 there on every instance, every instance, every single day, because the market's
2405 03:30:33 --> 03:30:37 trading, therefore you should go in there. No should you be in there,
2406 03:30:37 --> 03:30:44 engaging and studying price every day, absolutely. But you should not have the
2407 03:30:44 --> 03:30:47 mindset going in. You don't know what you're doing. You've never been
2408 03:30:47 --> 03:30:51 profitable. You're learning. You should not have the expectation of going in
2409 03:30:51 --> 03:31:01 every single day. No way, absolutely not. No way. You're setting yourself up
2410 03:31:01 --> 03:31:09 for unrealistic expectations never being met. And I know that isn't sexy to say
2411 03:31:09 --> 03:31:13 those types of things, but it's the that's the sound logic that a new
2412 03:31:13 --> 03:31:17 student should adhere to in the beginning. And then when you when you
2413 03:31:17 --> 03:31:21 finally get your model, you may have another model in addition to the one you
2414 03:31:22 --> 03:31:28 subscribe to and use predominantly, but you'll have a very specific routine that
2415 03:31:28 --> 03:31:32 you use. If it meets the criteria for trades, then you'll take it. When you
2416 03:31:32 --> 03:31:36 take a step back over years of doing it, you don't look back and see you know
2417 03:31:37 --> 03:31:42 what that old mother fucker was, right? He was talking truth, and I didn't want
2418 03:31:42 --> 03:31:45 to receive it then, because I want to trade every day, because everyday
2419 03:31:45 --> 03:31:54 trading is a legend, is a goat. I'm not trying to be a goat. I'm not trying to
2420 03:31:54 --> 03:31:58 be a legend. I just want to be consistent, and I want to live my life
2421 03:31:59 --> 03:32:02 and know that what I'm doing isn't going to drain me emotionally and
2422 03:32:02 --> 03:32:06 psychologically. I'm not going to have regret I don't feel I don't like
2423 03:32:06 --> 03:32:10 gambling. I hate gambling. If I like gambling, I would play cards, and I'd
2424 03:32:10 --> 03:32:14 probably win, because I know I can count cards, I can I can run the cards up, I
2425 03:32:14 --> 03:32:18 can stack a deck. I can do all that kind of stuff. I have built in advantages,
2426 03:32:18 --> 03:32:23 but I don't want to gamble. I don't go to casinos, I don't play the fucking
2427 03:32:23 --> 03:32:29 lottery. Okay? I don't do none of those things. I don't do that stuff, but I do
2428 03:32:29 --> 03:32:34 very boring things, like watching these candlesticks behave at a specific time
2429 03:32:34 --> 03:32:38 of day in an environment where it's conducive for it to be recognizable.
2430 03:32:39 --> 03:32:47 That's it. And if you can't let the market pass you by, and you feel like,
2431 03:32:47 --> 03:32:53 Man, I'm missing so much, that's highlighting impatience and greed, and
2432 03:32:53 --> 03:32:59 those two things together, they're deadly, and you have to master them
2433 03:32:59 --> 03:33:05 early, and that means by watching price and giving yourself permission, I'm not
2434 03:33:05 --> 03:33:11 going to try to trade, even if this thing keeps going. I don't care, because
2435 03:33:11 --> 03:33:18 the visibility is beyond just today. Caleb will not be able to trade every
2436 03:33:18 --> 03:33:26 single day. His job won't allow for that. So a lesson like this helps him to
2437 03:33:26 --> 03:33:31 ground himself knowing that, okay, just because the market is trading and just
2438 03:33:31 --> 03:33:37 because there are fluctuations in price and it's moving, doesn't mean that I
2439 03:33:37 --> 03:33:42 have to be in that day because his schedule, his workload, something else
2440 03:33:42 --> 03:33:46 happening may prevent him from doing that. And I don't hear enough of that
2441 03:33:46 --> 03:33:51 taught by these pseudo mentors, these educators. Everything's Go, go, go, go,
2442 03:33:51 --> 03:33:57 go. Everything's maximum, maximum, maximum. Everything is trying to make
2443 03:33:57 --> 03:34:05 money, make executions, make trades, get payouts, not realizing that these same
2444 03:34:05 --> 03:34:09 individuals are making money off of you doing that and not being successful,
2445 03:34:09 --> 03:34:13 because every single time you use an affiliate link, they're making money.
2446 03:34:16 --> 03:34:21 And I mean that not to be vilified, not to, you know, throw hate at them. I'm
2447 03:34:21 --> 03:34:26 not throwing shade or anything. I'm just making you remember for a second if the
2448 03:34:26 --> 03:34:32 if the constant reminder is Go, go, go, baby. Well, don't be surprised when it's
2449 03:34:32 --> 03:34:36 gone in 30 seconds and you have to pay another reset fee. It's a built in
2450 03:34:36 --> 03:34:41 advantage for that. It's a built in advantage for anybody with an affiliate
2451 03:34:41 --> 03:34:49 link to get other people to do these very poor choices, go out there and
2452 03:34:49 --> 03:34:54 trade, I can teach at trade in X amount of days, three months, four months, one
2453 03:34:54 --> 03:34:58 month, one week, one week. Workshop, one one weekend. Spend a weekend with me,
2454 03:34:58 --> 03:35:04 and I'll teach you how to trade. Come on. At some point you have to take a
2455 03:35:04 --> 03:35:09 step back and say, Okay, where's the where's the motivation here. If I had an
2456 03:35:09 --> 03:35:14 affiliate link with people, any one of these brokerage firms, and they've most
2457 03:35:14 --> 03:35:20 of them have asked me, and I'm like, No, I won't do it. Can you imagine the
2458 03:35:20 --> 03:35:24 influence that I have? And if I said, listen, here's the affiliate link, I
2459 03:35:24 --> 03:35:29 could probably make millions of dollars doing that. And I'm not here doing that,
2460 03:35:29 --> 03:35:34 am I? I'm spending time. I've read a comment from a young man, I do need to
2461 03:35:34 --> 03:35:39 cut off here, because I gotta get something you haven't eaten today. He
2462 03:35:39 --> 03:35:43 says, You know what? I like listening to you, and I love your long ones, because
2463 03:35:45 --> 03:35:50 it feels like I'm a dad, and I'm talking to him like, like a dad, and it's
2464 03:35:50 --> 03:35:54 because I'm as I'm talking this stuff. I'm picturing my kids, and I'm picturing
2465 03:35:54 --> 03:35:57 Caleb as I'm obviously doing these live streams, because that's my target
2466 03:35:57 --> 03:35:58 audience. But
2467 03:36:00 --> 03:36:05 I liked his comment where he's like, I like the fact that you are spending time
2468 03:36:06 --> 03:36:11 I'm I live comfortably, okay? And when I said last week that I'm a millionaire,
2469 03:36:11 --> 03:36:15 that was not me bragging. I'm just reminding folks that I don't have to go
2470 03:36:15 --> 03:36:18 to a job. I don't have to do any I don't need to trade ever again, like, I never
2471 03:36:18 --> 03:36:23 need to do this ever again. I don't ever need to press a button and hope to make
2472 03:36:23 --> 03:36:29 money. I don't need to do any of that stuff. But he says something that I've
2473 03:36:29 --> 03:36:32 said this many times in passing, when people would be upset with me because I
2474 03:36:32 --> 03:36:40 wasn't doing enough. He stated that he's thankful that I'm in the position I'm
2475 03:36:40 --> 03:36:43 in, and I don't have to make this available to you, like, I don't need to
2476 03:36:43 --> 03:36:48 spend my time in front of you, but I think you can appreciate that I enjoy it
2477 03:36:48 --> 03:36:55 right? Like, I love doing this, like I love it. And really, I'm not getting a
2478 03:36:55 --> 03:37:01 lot. There's the ad revenue that's not a lot. Like, it costs a lot of money to
2479 03:37:01 --> 03:37:08 live like I live. I spent $30,000 on my lawn in the last 45 days because of the
2480 03:37:08 --> 03:37:11 drought and the things I wanted to get done. I had some lighting put around
2481 03:37:11 --> 03:37:19 outside the house. That's $33,000 I spent 3000 plus of it was just basically
2482 03:37:19 --> 03:37:22 paying for the lawn care each week. But everything else was stuff I was being
2483 03:37:22 --> 03:37:30 it's been done to my home. Okay? I, I spent over $100,000 in the last, what,
2484 03:37:30 --> 03:37:37 nine months, just for things for my house. And my wife is constantly looking
2485 03:37:38 --> 03:37:45 she's constantly looking for shit that we don't need. Okay, so I don't need
2486 03:37:45 --> 03:37:51 this for money, but I do enjoy doing, and once I start doing it, because it's
2487 03:37:51 --> 03:37:55 my whole life, I enjoy doing and I want to pour myself into it, and because I
2488 03:37:55 --> 03:38:03 want my son to have every aspect, every subtle nuance. That's why it's here. So
2489 03:38:03 --> 03:38:08 when you send me comments for the few little soy boys that do this, say you
2490 03:38:08 --> 03:38:12 talk too much. You talk too much for a grown man, I broom you because you're
2491 03:38:12 --> 03:38:16 insignificant. You're a nobody that's never going to be successful at this
2492 03:38:16 --> 03:38:23 because you can't appreciate complete understanding being shared with you. You
2493 03:38:23 --> 03:38:26 can watch everybody else out there. They're not they're not going to explain
2494 03:38:26 --> 03:38:28 to you why and when it's going to happen. You're not going to get that.
2495 03:38:29 --> 03:38:32 They might get lucky once a while chasing a momentum run, but you're never
2496 03:38:32 --> 03:38:36 going to hear them explain beforehand why it should do this. And it be this
2497 03:38:36 --> 03:38:40 precise. You won't hear them explain why they don't like a certain market
2498 03:38:40 --> 03:38:45 condition, because that means you're going to be doing little or less or not
2499 03:38:45 --> 03:38:50 watching them. I don't care if you watch my stream. I don't give a fuck. I don't
2500 03:38:50 --> 03:38:56 care if this viewership drops down to one, because that's my son watching. He
2501 03:38:56 --> 03:39:02 asked for this. I didn't answer this. He asked for it. So I'm pouring myself into
2502 03:39:02 --> 03:39:09 this, and he'll tell you, if any one of my kids were the be candid with the and
2503 03:39:09 --> 03:39:14 say, Look, we don't like asking dad questions, because it's going to take an
2504 03:39:14 --> 03:39:18 hour for him to explain shit. So it's not just this. If I know something, I'm
2505 03:39:18 --> 03:39:23 going to make sure you under you had enough interest to ask me knowing full
2506 03:39:23 --> 03:39:27 fucking well that I am a mouth. I will talk and talk and talk and talk, not
2507 03:39:27 --> 03:39:30 because I like the sound of my voice, but because I want you to know that you
2508 03:39:30 --> 03:39:35 know you asked if I understand it and I know the question, and then I know the
2509 03:39:35 --> 03:39:39 answer to it. I'm going to pour myself into that. You're going to know. You'll
2510 03:39:39 --> 03:39:45 never need to ask that question again, but now he's asked about trading in the
2511 03:39:45 --> 03:39:51 markets. So yes, Virginia, we're going around the mountain the long fucking
2512 03:39:51 --> 03:39:55 way. Okay? Because I want him to know everything, because Tomorrow is not
2513 03:39:55 --> 03:39:59 promised to me. I could, I could be taken out of here tomorrow. Lord says,
2514 03:39:59 --> 03:40:02 know what? It's done. You don't need to get through our you get today. That's
2515 03:40:02 --> 03:40:06 it. He could take me right now and then. He's only got everything I've ever
2516 03:40:06 --> 03:40:11 recorded in all of my journals, and those journals are not going to be
2517 03:40:11 --> 03:40:15 decipherable by the just reading them. I can place them in any one of your hands,
2518 03:40:15 --> 03:40:19 and you're not going to understand shit, because the the language that I'm using
2519 03:40:19 --> 03:40:26 in it is not something I taught to you or anyone else. So it's it's not
2520 03:40:26 --> 03:40:30 something that it's an easy download and it's there. He's gotta go through the
2521 03:40:30 --> 03:40:36 same growth that anyone of you have gone through. The difference is, is I'm not
2522 03:40:36 --> 03:40:42 holding back anything, whereas, hell, I've held back a lot because it's been
2523 03:40:42 --> 03:40:49 abused. It's been marketed by people to make money. Some ass has still trying to
2524 03:40:49 --> 03:40:51 sell mentorship videos when it's still right here on the YouTube channel for
2525 03:40:51 --> 03:40:56 free, and the people that paid that person are stupid. They're fucking
2526 03:40:56 --> 03:41:01 stupid, like if you're literally paying anything for any smart money concepts
2527 03:41:02 --> 03:41:07 ICT related anything. If you're paying for that, you're an idiot. Like I'm
2528 03:41:07 --> 03:41:12 literally here right now teaching over live data, and I've uploaded the
2529 03:41:12 --> 03:41:17 mentorship videos on YouTube channel. They're in the playlists. I don't get
2530 03:41:17 --> 03:41:21 it, and there's people email me every day. Can you can you do another paid
2531 03:41:21 --> 03:41:27 mentorship? Why I'm doing more than I did here, than I did for them? Let it
2532 03:41:27 --> 03:41:31 sink in. I'm literally doing this with no reservations. I'm telling you what's
2533 03:41:31 --> 03:41:35 going to happen, how to use the information, very specific elements, to
2534 03:41:35 --> 03:41:39 the macros, to the inefficiencies, how they'll get the bias. That's a straight
2535 03:41:39 --> 03:41:49 shot. You. And I still have people. Can you tell us how to do a daily bias? And
2536 03:41:49 --> 03:41:54 that's all I've been teaching thus far. You're not What are you listening to?
2537 03:41:56 --> 03:42:04 But anyway, we're on one minute chart. Let's, let's back out of this. Go up to
2538 03:42:04 --> 03:42:08 a daily chart, and I'll take one quick peek at it, leave you with any
2539 03:42:08 --> 03:42:13 commentary in regards to where it might still reach for and then we'll close it,
2540 03:42:13 --> 03:42:24 and I'll have lunch. Already. I you. So here's the volume and bounce. I took
2541 03:42:24 --> 03:42:29 your attention to earlier. We've traded to that and through it this up close
2542 03:42:29 --> 03:42:40 candle right here. You want to measure that to the high, okay, so that's mean
2543 03:42:40 --> 03:42:46 threshold. So 19,002 55 I'm not saying it's going there, but let's say that it
2544 03:42:46 --> 03:42:55 wants to keep going higher and go beyond the previous new week opening gap which
2545 03:42:55 --> 03:43:02 is high, the high here, you see it right there, where we stopped trading and we
2546 03:43:02 --> 03:43:07 opened the next trading session. That's you can see that level here. That's a
2547 03:43:07 --> 03:43:12 level to look for, to trade to, and then the middle or mean threshold of that up
2548 03:43:12 --> 03:43:16 close can look prior to that drop down that midpoint right there. Now, if we
2549 03:43:16 --> 03:43:21 start exploring anything above that 255 level, then they're going to want to run
2550 03:43:21 --> 03:43:28 this high and where does that leave us? This right here, that's a huge that's a
2551 03:43:28 --> 03:43:34 huge disparity between where we closed here and where we opened there. That's a
2552 03:43:34 --> 03:43:41 huge gap. So longer, longer term, if they want to pump this up, and it can
2553 03:43:41 --> 03:43:45 happen, because it's an election year, barring anything really catastrophic
2554 03:43:45 --> 03:43:50 taking place over in Middle East, it would be reasonable to see it. Want to
2555 03:43:50 --> 03:43:56 take this high and maybe even go up into this area here. But I'm not demanding
2556 03:43:56 --> 03:44:01 that. I'm not holding for something like that, but for the sake of this point in
2557 03:44:01 --> 03:44:06 your attention to something because, you know, without any real bad news, without
2558 03:44:06 --> 03:44:10 any mushroom clouds popping off, you know, any terrible things like that
2559 03:44:11 --> 03:44:14 occurring, they're going to try to keep pumping this up, because it's in their
2560 03:44:14 --> 03:44:18 vested interest to make it look like the economy is good. And everybody thinks
2561 03:44:18 --> 03:44:21 the economy is measured by the stock market, and it's not. They're not.
2562 03:44:21 --> 03:44:28 That's not, that's not a real value. The volume and balance here, that would be
2563 03:44:28 --> 03:44:33 the highest extreme for this year at the present, right now, looking at the
2564 03:44:33 --> 03:44:37 chart, if it were going to go up from where we're at now, any higher, the
2565 03:44:37 --> 03:44:41 highest that I would want it to go to and feel comfortable and reasonably
2566 03:44:41 --> 03:44:44 expecting it to do. So would be that volume and balance right here? Okay, am
2567 03:44:45 --> 03:44:48 I saying it's going to go there? No, I'm saying for the folks that have asked
2568 03:44:48 --> 03:44:53 this question, because they can't trade with intraday charts, they want to know
2569 03:44:53 --> 03:44:56 this. You know, if you were looking at the daily chart, how far can it go?
2570 03:44:56 --> 03:44:59 Because they can only trade longer term and use a daily chart. So for the
2571 03:44:59 --> 03:45:02 people. They're bitching, complaining about this stuff and saying, Why are you
2572 03:45:02 --> 03:45:05 talking about this? I don't care about this. You're not my only student. And
2573 03:45:05 --> 03:45:09 for the people that take the time to write that kind of stuff, I never get to
2574 03:45:09 --> 03:45:11 see your comments again. So just know that you can say anything you want in
2575 03:45:11 --> 03:45:16 your last day, because I never see your stupid shit again. But liquidity rests
2576 03:45:16 --> 03:45:24 here, and it volume and balances there, and I I think that's it. This is all
2577 03:45:24 --> 03:45:29 based on the fact that we didn't see anything pop off with Iran and Israel to
2578 03:45:29 --> 03:45:33 a greater degree, that that's what this is. This is kind of like a relief. It's
2579 03:45:33 --> 03:45:39 just being organized in sentiment that, okay, everything's safe right now. Does
2580 03:45:39 --> 03:45:43 it stay that way? Who knows? All it takes is the right thing dropping in the
2581 03:45:43 --> 03:45:48 right place and all hell breaks loose. So barring any of those types of things,
2582 03:45:48 --> 03:45:52 we're probably going to continue, keep pressing up and challenging, you know,
2583 03:45:52 --> 03:45:55 the midpoint of that inefficiency, and therefore,
2584 03:45:57 --> 03:46:01 to stick with an underlying narrative and don't try to fight it. Otherwise, I
2585 03:46:01 --> 03:46:05 will be back with you all again tomorrow. I do not absolutely want to
2586 03:46:05 --> 03:46:08 spend this much time tomorrow. I know some of you complain that the videos are
2587 03:46:08 --> 03:46:11 too long and you can't digest them because it's too much, because you work
2588 03:46:11 --> 03:46:16 and you have a life. I get it, but remember, I'm not here for just you. I'm
2589 03:46:16 --> 03:46:21 here for a complete overview, a complete rundown, everything, because it's my
2590 03:46:21 --> 03:46:26 son, that's that's my that's who I'm talking to. It might feel like I'm
2591 03:46:26 --> 03:46:31 talking to you, but I'm talking to Caleb. So you're just here listening.
2592 03:46:31 --> 03:46:36 You're over. You know your eavesdropping, your eavesdropping by
2593 03:46:36 --> 03:46:40 invitation. Just remember that. So you're a guest, and you don't get to
2594 03:46:40 --> 03:46:44 tell me what you want. You can, but I don't need ever seeing your comments
2595 03:46:44 --> 03:46:49 ever again. But that's why it's a long way around the mountain. Because it's
2596 03:46:49 --> 03:46:52 it's my son asking, and I want him to have all the details, all of the
2597 03:46:52 --> 03:46:56 ramifications that will be met by him and his development, all of the
2598 03:46:56 --> 03:46:59 circumstances that will feel daunting, all the things and how to get around it,
2599 03:46:59 --> 03:47:05 how to cope with it, how to feel normal in it, how to look beyond it. That's
2600 03:47:05 --> 03:47:12 what I'm including. This is me mentoring my son, and I don't want insight from
2601 03:47:12 --> 03:47:16 any of you, because I don't I don't care to know what you you think I should do.
2602 03:47:16 --> 03:47:20 You're not going to give it any better than me. I I'm who I am, and I'm his
2603 03:47:20 --> 03:47:26 dad. So no one's going to have the right answer beyond me. So while I appreciate
2604 03:47:26 --> 03:47:30 your enthusiasm and trying to feel like you're having an input in it, you don't
2605 03:47:30 --> 03:47:34 get an input. You just get a seat to sit here and watch it, and nobody's twisting
2606 03:47:34 --> 03:47:38 your arm. So that's going to be it. I've had fun. I've shared a lot of stuff
2607 03:47:38 --> 03:47:43 today. I think I've communicated, but rather effectively, that you don't have
2608 03:47:43 --> 03:47:46 to do something every single day. You don't have to know everything if it's
2609 03:47:46 --> 03:47:52 going against the grain that you are outlining for your model. Be flexible
2610 03:47:52 --> 03:47:57 with yourself. Give yourself permission in the beginning and just relax after it
2611 03:47:57 --> 03:48:02 happens, after it forms. Go back in and study what was presented, and hold
2612 03:48:02 --> 03:48:05 nothing over your head as a punishment, saying, well, I should have saw that,
2613 03:48:05 --> 03:48:08 because in the beginning you shouldn't. You're learning how to do that. And
2614 03:48:08 --> 03:48:14 there were time you'll pick it up. I promise, son, you will get this. But you
2615 03:48:14 --> 03:48:18 have to take things bite size, bite size at a time, and eventually you'll have
2616 03:48:18 --> 03:48:22 more experience. You'll start finishing my sentences like you do when we're
2617 03:48:22 --> 03:48:26 talking about the Bible, and all these things will start to become second
2618 03:48:26 --> 03:48:30 nature to you. And when it's like that, and it's boring, and you're not in a
2619 03:48:30 --> 03:48:35 rush to get in there and show dad that you can do this, that's a huge goal, but
2620 03:48:35 --> 03:48:39 we're not in a rush to get there. Don't think that I need to see that anytime
2621 03:48:39 --> 03:48:43 soon, but that's where we're aiming for we're aiming for you knowing where the
2622 03:48:43 --> 03:48:48 mark is going to go. Once we get there, then we can start fleshing out some more
2623 03:48:48 --> 03:48:53 stuff. But until tomorrow, 915 or so, Lord willing, I will talk with you all.
2624 03:48:53 --> 03:48:55 Then be safe. I.