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.

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

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