Skip to Content
Last modified by Drunk Monkey on 2024-08-31 08:02
Show last authors
1 (% class="hover min" %)
2 |1 |00:05:32 ~-~-> 00:05:35 |ICT: Well, good morning, Folks, audio check you.
3 |2 |00:05:47 ~-~-> 00:05:48 |Bear with me a second. Here you
4 |3 |00:06:35 ~-~-> 00:06:43 |All right. Well, good morning, folks. Hope everyone's doing well. See. Okay,
5 |4 |00:06:43 ~-~-> 00:06:51 |so if everything is as it should be, you should be seeing a weekly chart of the
6 |5 |00:06:51 ~-~-> 00:06:53 |NASDAQ for September delivery contract month.
7 |6 |00:07:00 ~-~-> 00:07:10 |Let me get my laptop. Hold it better. Alright, so we have had our economic
8 |7 |00:07:10 ~-~-> 00:07:18 |news driver come out at 830 whenever we have that report or similar, like ppi,
9 |8 |00:07:18 ~-~-> 00:07:25 |CPI, not from payroll, you shouldn't be trading that day. You just wait for the
10 |9 |00:07:25 ~-~-> 00:07:30 |opening bell and usually trade the 10 o'clock silver bullet. So if you're
11 |10 |00:07:30 ~-~-> 00:07:36 |really, really forcing yourself to engage on that day, just for practice or
12 |11 |00:07:36 ~-~-> 00:07:43 |just for the experience of it, just wait until the silver bullet for nonprofit.
13 |12 |00:07:43 ~-~-> 00:07:47 |That's the easiest way, in my opinion, and it doesn't always equate to you're
14 |13 |00:07:47 ~-~-> 00:07:53 |going to be winning, but that's the suggestion I would bring forth to you.
15 |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
16 |15 |00:07:59 ~-~-> 00:08:04 |to be trying to explore that. But I want to take your attention to this low right
17 |16 |00:08:04 ~-~-> 00:08:10 |here. Okay, so on this candle here on the weekly chart of NASDAQ, it's July 22
18 |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
19 |18 |00:08:18 ~-~-> 00:08:23 |quarter, it could touch it, because we have this cell, side imbalance by side
20 |19 |00:08:23 ~-~-> 00:08:28 |and efficiency. We're just about near here. So how far can it keep pressing up
21 |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
22 |21 |00:08:33 ~-~-> 00:08:38 |of right now, but the midpoint of that wick right there, which would be
23 |22 |00:08:38 ~-~-> 00:08:44 |consequent encouragement, I like the fact that we had the candle close on
24 |23 |00:08:44 ~-~-> 00:08:51 |this weekly range off of its low. The next week we open, we trade up, come all
25 |24 |00:08:51 ~-~-> 00:08:59 |the way back down. So from this candles close and this candles low, all of that
26 |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
27 |26 |00:09:06 ~-~-> 00:09:17 |some kind of stiff opposition to any forward run higher at the 18,008 83 and
28 |27 |00:09:17 ~-~-> 00:09:22 |a quarter level, okay, so I would count you to have that level on your notepad.
29 |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
30 |29 |00:09:26 ~-~-> 00:09:31 |level. Just means that, in my opinion, using a higher Time Frame, broad range
31 |30 |00:09:31 ~-~-> 00:09:40 |observation vantage point, I think that that's probably a likely scenario. If we
32 |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
33 |32 |00:09:46 ~-~-> 00:09:55 |end of that candlestick low, so about 10 handles or so thereabouts. So this big
34 |33 |00:09:55 ~-~-> 00:10:04 |candle up here, I. So that's also something to look for. So we'll just
35 |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
36 |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,
37 |36 |00:10:24 ~-~-> 00:10:31 |and then dropping down to a 60 minute chart. Really wonky type of price action
38 |37 |00:10:31 ~-~-> 00:10:40 |in here just keeps drifting higher 15 minute time frame. This is a really
39 |38 |00:10:40 ~-~-> 00:10:46 |random level and reaction off of that. It was probably some kind of a bullish
40 |39 |00:10:46 ~-~-> 00:10:50 |divergence and some kind of momentum indicator. I'm certain it was probably
41 |40 |00:10:50 ~-~-> 00:10:58 |something to that effect. I'm just kidding the if you look at the new day
42 |41 |00:10:58 ~-~-> 00:11:03 |opening gap, you'll see that's the high. So if we're looking at naked price
43 |42 |00:11:03 ~-~-> 00:11:12 |action, which we're going to try to do that today, okay, if we can just bring
44 |43 |00:11:12 ~-~-> 00:11:26 |in the five minute chart here. All right, so we had our 830 news driver. It
45 |44 |00:11:26 ~-~-> 00:11:36 |rallies up challenges the london session high. So I'll add this. It'll populate
46 |45 |00:11:36 ~-~-> 00:11:46 |all of my previous annotations. Okay, so you can see the new day opening gap high
47 |46 |00:11:47 ~-~-> 00:11:58 |that formed last evening, right there. Okay, so there is the close at five and
48 |47 |00:11:58 ~-~-> 00:12:04 |then reopen at six. And since it's over 20 handles sticking with the rules, the
49 |48 |00:12:04 ~-~-> 00:12:07 |constant encroachment level is annotated, so you can see how we can
50 |49 |00:12:07 ~-~-> 00:12:12 |trade it back down to that level there, and then rallied rather aggressively,
51 |50 |00:12:14 ~-~-> 00:12:23 |order block trades into here. Rallies up, and we've pushed above the London
52 |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
53 |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
54 |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
55 |54 |00:12:45 ~-~-> 00:12:52 |hurry, but for the sake of looking at where it could potentially reach for I
56 |55 |00:12:52 ~-~-> 00:12:54 |was looking at those Higher timeframes with
57 |56 |00:12:59 ~-~-> 00:13:07 |you. And by the way, I've gone through the comments, I'm pleased to see that
58 |57 |00:13:10 ~-~-> 00:13:13 |you guys are enjoying the live streams and also seeing how the markets are
59 |58 |00:13:14 ~-~-> 00:13:19 |respecting the things I'm covering before the fact. So that's, that's how
60 |59 |00:13:19 ~-~-> 00:13:23 |it should be. Never should be like just always Market Replay. You know, I guess
61 |60 |00:13:23 ~-~-> 00:13:27 |there's a time and place for Market Replay for you as a personal student
62 |61 |00:13:27 ~-~-> 00:13:32 |experience, but you're trying to teach with Market Replay, and it just, it
63 |62 |00:13:32 ~-~-> 00:13:35 |really just promotes the idea that you don't know what you're talking about. If
64 |63 |00:13:35 ~-~-> 00:13:40 |you did, you would just simply do it with live data. And there's no argument
65 |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.
66 |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,
67 |66 |00:13:54 ~-~-> 00:13:58 |obviously, like I mentioned, on that weekly chart. Then we dropped down to
68 |67 |00:13:58 ~-~-> 00:14:04 |the daily chart, the key level I'm interested in on the daily is here, the
69 |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
70 |69 |00:14:10 ~-~-> 00:14:15 |reach up into these levels here. I'm not trying to try to promote any kind of
71 |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
72 |71 |00:14:22 ~-~-> 00:14:26 |level, because they've already pushed it up a lot. I'm not interested in buying
73 |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
74 |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,
75 |74 |00:14:37 ~-~-> 00:14:42 |that type of report, in other words, after that report comes at 830 we don't
76 |75 |00:14:42 ~-~-> 00:14:49 |ever try to do a initial high, initial low, for liquidity sake, you know, into
77 |76 |00:14:49 ~-~-> 00:14:53 |those types of reports, because those types of reports, as I mentioned
78 |77 |00:14:53 ~-~-> 00:15:01 |yesterday and other times in the past, it's extremely manipulated. I. So and
79 |78 |00:15:01 ~-~-> 00:15:06 |because they're usually one sided directional runs, I try not to have any
80 |79 |00:15:06 ~-~-> 00:15:14 |concern right before the CPI number and the PPI number, because nobody has any
81 |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
82 |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
83 |82 |00:15:27 ~-~-> 00:15:33 |would see that I'm more apt to be incorrect. So if that's what I've
84 |83 |00:15:33 ~-~-> 00:15:37 |noticed over the last 30 years, I'm not having the ability as the daily chart
85 |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
86 |85 |00:15:42 ~-~-> 00:15:47 |that's what my data is suggesting, then that means that there's low probability
87 |86 |00:15:47 ~-~-> 00:15:51 |for me to try to pick a direction or pick a target, pick a liquidity I just
88 |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
89 |88 |00:15:55 ~-~-> 00:15:59 |it, so just simply wait for it to do whatever it's going to do, and then
90 |89 |00:16:00 ~-~-> 00:16:05 |after the after the storm passes, which is 830 and once that initial wave of
91 |90 |00:16:05 ~-~-> 00:16:09 |volatility comes in the marketplace, then you can go and start looking for
92 |91 |00:16:09 ~-~-> 00:16:15 |setups. Okay, what did they leave in the wake of that type of delivery and price?
93 |92 |00:16:16 ~-~-> 00:16:20 |Initially, what I'm looking at is, I like these lows in here. See how they're
94 |93 |00:16:20 ~-~-> 00:16:27 |relatively equal. So I like that one, so we can go and start annotating it now,
95 |94 |00:16:27 ~-~-> 00:16:37 |because this is our initial relative equal lows. So I like this, and we'll
96 |95 |00:16:37 ~-~-> 00:16:38 |just i
97 |96 |00:16:52 ~-~-> 00:16:56 |You may hear my puppies. I'm in the basement today. My wife's up here trying
98 |97 |00:16:56 ~-~-> 00:17:02 |to troubleshoot with a tech with my son's computer. So
99 |98 |00:17:11 ~-~-> 00:17:16 |that's my initial sell side liquidity. So I think this is a factor initially to
100 |99 |00:17:17 ~-~-> 00:17:23 |study. It goes below this low here. We've already ran through it on the 830
101 |100 |00:17:23 ~-~-> 00:17:28 |news, then came back down into the spot set about South Side and efficiency. So
102 |101 |00:17:28 ~-~-> 00:17:32 |you might question, well, why don't you just put your level there? Because I'm
103 |102 |00:17:32 ~-~-> 00:17:36 |teaching my son to focus on relative equal lows and relative equal highs. And
104 |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
105 |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
106 |105 |00:17:47 ~-~-> 00:17:52 |now and fail and break lower. Or it could go up above 8350, and just keep
107 |106 |00:17:52 ~-~-> 00:17:57 |going higher. I'm not trying to predict that type of price action, because I'm
108 |107 |00:17:57 ~-~-> 00:18:02 |trying to build a idea around the 10 o'clock hour. So hopefully, you know our
109 |108 |00:18:02 ~-~-> 00:18:08 |time together between now and 1030 I do want, I do personally want to close it
110 |109 |00:18:08 ~-~-> 00:18:15 |at 1030 today, just because I want to keep it short. So hopefully by then, you
111 |110 |00:18:15 ~-~-> 00:18:21 |know, I can identify the silver bullet with your life. There's your 883, 84,
112 |111 |00:18:21 ~-~-> 00:18:29 |level. So that's probably random too. When you have something like this, you
113 |112 |00:18:29 ~-~-> 00:18:35 |screenshot it, and the key takeaways is this, forget the fact that it's the PPI
114 |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
115 |114 |00:18:41 ~-~-> 00:18:46 |through price action and say, Okay, from where it was likely to reach to and why,
116 |115 |00:18:47 ~-~-> 00:18:53 |and then from that price point here, all the way to beginning, and the origin of
117 |116 |00:18:53 ~-~-> 00:18:58 |the move, which is here, which is the new the opening gap that was formed at
118 |117 |00:18:58 ~-~-> 00:19:02 |five, and the difference Between that closing price and the opening price at
119 |118 |00:19:02 ~-~-> 00:19:07 |6pm yesterday evening, New York local time. Okay? And then you go back through
120 |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
121 |120 |00:19:10 ~-~-> 00:19:15 |order block there. They rallied up. We have a breaker trades there with a
122 |121 |00:19:15 ~-~-> 00:19:19 |consequent encroachment, often efficiencies. There's a convergence of
123 |122 |00:19:19 ~-~-> 00:19:24 |several PD arrays there, with the likelihood that it's going to run what
124 |123 |00:19:26 ~-~-> 00:19:33 |here, trades higher comes back down. Trades into the inefficiency. Here
125 |124 |00:19:34 ~-~-> 00:19:38 |rallies again, comes back down once more, trades into the rejection block,
126 |125 |00:19:38 ~-~-> 00:19:43 |which is the down closed candle, closing price trades there and expands through
127 |126 |00:19:44 ~-~-> 00:19:52 |fair value gap forming here with an order block and hold high, very gap
128 |127 |00:19:52 ~-~-> 00:19:57 |trades to it rallies to the daily objective I outlined, and then the
129 |128 |00:19:57 ~-~-> 00:20:02 |weekly. Okay, so on the weekly chart we. Have now traded and closed in that
130 |129 |00:20:02 ~-~-> 00:20:10 |weekly fair value got or city, that's this level here. So you might look at
131 |130 |00:20:10 ~-~-> 00:20:14 |that and say, Well, that was wild. Why didn't take that trade? Because I'm not
132 |131 |00:20:14 ~-~-> 00:20:19 |interested in chasing a a run like this. That's long in the tooth. That means
133 |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
134 |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
135 |134 |00:20:27 ~-~-> 00:20:35 |gotta remember what's going on. Everyone now sees what the news driver did at 830
136 |135 |00:20:37 ~-~-> 00:20:45 |right in here. Okay, so that they run here. They want to try to get on board
137 |136 |00:20:45 ~-~-> 00:20:51 |and run with that. And here's the opening price at 930 what's it doing?
138 |137 |00:20:51 ~-~-> 00:20:58 |It's one shot. One shot, excuse me, tongue twister. It's a one sided one
139 |138 |00:20:58 ~-~-> 00:21:03 |shot delivery from open rate to the weekly level I just gave you going at
140 |139 |00:21:03 ~-~-> 00:21:09 |the opening of this live stream. So that's all I would be reaching for if I
141 |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
142 |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
143 |142 |00:21:18 ~-~-> 00:21:22 |going to do afterwards, because obviously the market's going to gyrate
144 |143 |00:21:22 ~-~-> 00:21:26 |and move around, right? So we have to build some kind of context as to why
145 |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
146 |145 |00:21:31 ~-~-> 00:21:40 |handles is 50 handles, but it's chasing 50 handles at the tail end of what's
147 |146 |00:21:40 ~-~-> 00:21:46 |that? 200 handles. Okay, so you're trying to get the last piece of pie, and
148 |147 |00:21:46 ~-~-> 00:21:50 |you know, they say, use your manners. Don't be the person that takes the last
149 |148 |00:21:50 ~-~-> 00:21:55 |thing left on on the serving table. I'm not trying to be the the glutton that
150 |149 |00:21:55 ~-~-> 00:21:59 |wants to catch every single move I've hurt myself doing that. I kind of talked
151 |150 |00:21:59 ~-~-> 00:22:02 |a little bit about that yesterday, I got a lot of feedback, positive feedback
152 |151 |00:22:02 ~-~-> 00:22:07 |about some of the additional content that I talked about yesterday, because
153 |152 |00:22:07 ~-~-> 00:22:12 |I'm counseling my son on how to prevent toxic thinking, and also to kind of like
154 |153 |00:22:12 ~-~-> 00:22:16 |balance the fear and greed aspects and when you start getting success, and how
155 |154 |00:22:16 ~-~-> 00:22:21 |to avoid the tilt when you lose control of what you're doing. And what that
156 |155 |00:22:21 ~-~-> 00:22:23 |means is, if you have a losing trade, you go and you start doing things that
157 |156 |00:22:23 ~-~-> 00:22:27 |are not characteristic to what you initially were trying to trade off of,
158 |157 |00:22:27 ~-~-> 00:22:32 |or, you know, abandon your plate, or trading opportunity or model, and just
159 |158 |00:22:32 ~-~-> 00:22:35 |trading impulsively because you're trying to chase price, and you lose
160 |159 |00:22:35 ~-~-> 00:22:38 |sight in connection with what it is you're trying to do, and then you blow
161 |160 |00:22:38 ~-~-> 00:22:42 |the account, or create such a huge draw down that's very hard to come back from.
162 |161 |00:22:43 ~-~-> 00:22:50 |So I said, I appreciate all the comments I see them, but the people that leave
163 |162 |00:22:50 ~-~-> 00:22:56 |the same comment that says, why? No comments? That person gets banned. I'll
164 |163 |00:22:56 ~-~-> 00:23:00 |never see a comment from you again. That means you do never listen to me, or
165 |164 |00:23:00 ~-~-> 00:23:04 |you're doing you're stealing something stupid, and usually it's from people
166 |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
167 |166 |00:23:08 ~-~-> 00:23:13 |appreciate all the positive comments and everyone's support of this new venture
168 |167 |00:23:13 ~-~-> 00:23:17 |here, and Caleb just like so you know that they're thanking you and telling me
169 |168 |00:23:17 ~-~-> 00:23:24 |to thank you for asking to go into teaching you again, because that the
170 |169 |00:23:24 ~-~-> 00:23:30 |unselfish decision you made about making it available to them as well. They
171 |170 |00:23:30 ~-~-> 00:23:34 |appreciate that. So anyway, that's the five minute chart. We went up to our
172 |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
173 |172 |00:23:42 ~-~-> 00:23:47 |see on the moment chart, we have these relative equal lows. Real smooth. I
174 |173 |00:23:47 ~-~-> 00:23:52 |don't like this one because it went slightly lower than that. Okay, if we
175 |174 |00:23:52 ~-~-> 00:23:57 |can get through this and and beyond that low, then my next attention would be
176 |175 |00:23:57 ~-~-> 00:24:03 |right in here. See how smooth that is. That's also right before the 830 news
177 |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
178 |177 |00:24:11 ~-~-> 00:24:16 |little bit more and trying to get traders caught offside, chasing it,
179 |178 |00:24:16 ~-~-> 00:24:23 |because it's been going up since last week. Okay? And I just remembered that I
180 |179 |00:24:23 ~-~-> 00:24:28 |didn't show you what I was referring to yesterday. I said how we can use Monday,
181 |180 |00:24:28 ~-~-> 00:24:32 |when there's a an expectation on my part, or anyone that learns my concepts,
182 |181 |00:24:32 ~-~-> 00:24:40 |and the way I internalize price delivery is if I'm anticipating a 20 to 30%
183 |182 |00:24:41 ~-~-> 00:24:47 |retracement on the present or previous week's range. If I don't get that type
184 |183 |00:24:47 ~-~-> 00:24:52 |of delivery on a Friday, which is why I dubbed it TGIF. Thank God it's Friday.
185 |184 |00:24:52 ~-~-> 00:24:58 |If the candle stick for the weekly range is all one sided big bullishness, that
186 |185 |00:24:58 ~-~-> 00:25:01 |type of thing, obviously it'd be one. Side because it's a single candidate
187 |186 |00:25:01 ~-~-> 00:25:05 |makes it weekly, but if it's been predominantly one sided in last week was
188 |187 |00:25:05 ~-~-> 00:25:12 |up predominantly for the indices i mentioned in the live stream on Friday
189 |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
190 |189 |00:25:16 ~-~-> 00:25:20 |means it could potentially reach into and retrace as much as 20 to 30% of the
191 |190 |00:25:20 ~-~-> 00:25:24 |weekly range last week, but I mentioned yesterday in Monday's live stream on the
192 |191 |00:25:24 ~-~-> 00:25:31 |12th of August 2024 that we didn't see it materialize. So when that happens, we
193 |192 |00:25:31 ~-~-> 00:25:37 |can use that same idea and use the highest hide it forms on Monday and
194 |193 |00:25:37 ~-~-> 00:25:42 |anticipate that type of retracement. And while I'm talking, and we're not really
195 |194 |00:25:42 ~-~-> 00:25:45 |doing anything yet here, technically, you can go and pull up your weekly
196 |195 |00:25:45 ~-~-> 00:25:50 |range, measure your fib low to high, include yesterday's high, and notice
197 |196 |00:25:50 ~-~-> 00:25:57 |where the low of the day formed, and also what, but also was there yesterday,
198 |197 |00:25:57 ~-~-> 00:26:02 |what I was calling for last Friday's New Day opening gap. So there's a
199 |198 |00:26:02 ~-~-> 00:26:11 |convergence and confluence of Friday's New Day opening gap and also the 20%
200 |199 |00:26:12 ~-~-> 00:26:18 |range of that entire, you know, yesterday's high and last week's low. So
201 |200 |00:26:18 ~-~-> 00:26:23 |that's the effect I was referring to, and that's why all the factors where I
202 |201 |00:26:23 ~-~-> 00:26:27 |was saying to you, you know, what are you doing when you're trading on a day
203 |202 |00:26:27 ~-~-> 00:26:32 |like this? You got to do it early. And when I was starting the stream, I was
204 |203 |00:26:32 ~-~-> 00:26:37 |thinking, bear with me one second. I was putting my pups away, and I heard, I'm
205 |204 |00:26:37 ~-~-> 00:26:42 |checked the fib level, and I saw that it was converging with that new day opening
206 |205 |00:26:42 ~-~-> 00:26:47 |gap, which is why I was telling you the watch this. If it goes below the new
207 |206 |00:26:47 ~-~-> 00:26:52 |week opening gap, it can go down to Friday's New Day opening gap. And we
208 |207 |00:26:52 ~-~-> 00:26:58 |watched it pan out like like gangbusters yesterday. So anyway, I did not lose on
209 |208 |00:26:58 ~-~-> 00:26:58 |purpose. By the way,
210 |209 |00:26:59 ~-~-> 00:27:05 |I've teased a lot in the past, but I was generally expecting it trying to get
211 |210 |00:27:05 ~-~-> 00:27:09 |down here and move in my favor. But I saw what was likely to happen, and good
212 |211 |00:27:09 ~-~-> 00:27:13 |old Phil over there slid some dials to the left and the right, and then I came
213 |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
214 |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
215 |214 |00:27:19 ~-~-> 00:27:23 |stop was. I'm sure everybody was going to try to trade with the same thing,
216 |215 |00:27:23 ~-~-> 00:27:26 |which is reason why you want to watch me live trade anyway, because you want to
217 |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
218 |217 |00:27:32 ~-~-> 00:27:38 |everything I outlined yesterday, real time. So it's important to try not to be
219 |218 |00:27:38 ~-~-> 00:27:45 |in a rush after a ppi, a CPI number release, because you feel like you're
220 |219 |00:27:45 ~-~-> 00:27:51 |missing the party. So Kayla, when you have these days, it's in it's in my
221 |220 |00:27:51 ~-~-> 00:27:57 |interest to see you try to not participate in these days. To be honest
222 |221 |00:27:57 ~-~-> 00:28:03 |with you, there's plenty of time to grow into the aptitude to work and navigate
223 |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
224 |223 |00:28:08 ~-~-> 00:28:11 |successful navigating them. Now, it doesn't mean that you shouldn't be in
225 |224 |00:28:11 ~-~-> 00:28:17 |there, watching price action, logging it and seeing what it has done and then
226 |225 |00:28:17 ~-~-> 00:28:25 |using that as a means of building, you know, building experience, reading it
227 |226 |00:28:26 ~-~-> 00:28:31 |and appreciating the level of risk that these types of days promote the other,
228 |227 |00:28:32 ~-~-> 00:28:37 |you know, other traders or new startups, someone that's really, not really been
229 |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
230 |229 |00:28:42 ~-~-> 00:28:54 |initial buy side. So let me draw it quick. Other folks with less experience,
231 |230 |00:28:54 ~-~-> 00:28:57 |they'll see this type of day, and they'll say, Well, you know, I want to
232 |231 |00:28:57 ~-~-> 00:29:02 |be a part of part of that, and hopefully capture, you know, big runs and big
233 |232 |00:29:02 ~-~-> 00:29:09 |money. And I'm going to counsel you to try to avoid that, because there's,
234 |233 |00:29:09 ~-~-> 00:29:14 |there's plenty of time once you have more experience to know with a great
235 |234 |00:29:14 ~-~-> 00:29:21 |deal more, I guess, trust in your ability to see these big news coming,
236 |235 |00:29:21 ~-~-> 00:29:25 |and you don't really need the PPI and CPI numbers to get these types of
237 |236 |00:29:25 ~-~-> 00:29:31 |ranges. You just have to hold for the daily range. Okay, over time, you'll
238 |237 |00:29:31 ~-~-> 00:29:39 |learn that. So what I'm studying here is this wick right there. I'm watching the
239 |238 |00:29:39 ~-~-> 00:29:42 |halfway point. Does it spike into it a little bit above it and reject, or is it
240 |239 |00:29:42 ~-~-> 00:29:53 |completely roll over top of this high and that should not be like that, too
241 |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
242 |241 |00:30:05 ~-~-> 00:30:09 |start to make an attempt to gravitate down, to take the low here, here, and
243 |242 |00:30:09 ~-~-> 00:30:13 |then work its way down in here, even if it wants to go higher in the afternoon
244 |243 |00:30:13 ~-~-> 00:30:17 |or continuously go higher, I would favor this type of action, simply because
245 |244 |00:30:17 ~-~-> 00:30:21 |it'll give us some framework to work within for the 10 o'clock hour. Okay, so
246 |245 |00:30:21 ~-~-> 00:30:27 |we got about 14 and a half minutes before 10 o'clock, less than that for
247 |246 |00:30:27 ~-~-> 00:30:32 |the 10 o'clock macro, which would begin in about three and a half minutes or so.
248 |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
249 |248 |00:30:39 ~-~-> 00:30:45 |to run above it. Okay, so now we have relative equal highs after the opening
250 |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
251 |250 |00:30:52 ~-~-> 00:31:00 |number days. Okay, wait for the opening bell. If we can get the framework within
252 |251 |00:31:00 ~-~-> 00:31:07 |the range of seven to 930 we can go back through that range, because that's
253 |252 |00:31:07 ~-~-> 00:31:11 |they're all operating hours, okay. Just don't want to look at anything prior to
254 |253 |00:31:11 ~-~-> 00:31:16 |seven o'clock, because then you're going to incorporate london session price
255 |254 |00:31:16 ~-~-> 00:31:21 |action, which just kind of makes it a little bit more complex, because there's
256 |255 |00:31:21 ~-~-> 00:31:26 |a lot of different things that that can inspire in terms of specific daily
257 |256 |00:31:26 ~-~-> 00:31:31 |schematics, or profiles, as I call them, like road maps, how the how the daily
258 |257 |00:31:31 ~-~-> 00:31:35 |range will be formed. Doesn't mean that you're going to know exactly. Doesn't
259 |258 |00:31:35 ~-~-> 00:31:37 |mean I'm going to know exactly every single day, but there are
260 |259 |00:31:37 ~-~-> 00:31:42 |characteristics that tend to repeat, and I taught that on the mentorship content.
261 |260 |00:31:42 ~-~-> 00:31:46 |So it's a private mentorship videos and core content lessons that I uploaded on
262 |261 |00:31:46 ~-~-> 00:31:50 |this YouTube channel for free go into the day, day trading section portion of
263 |262 |00:31:50 ~-~-> 00:31:53 |that, and you'll see what I'm referring to. All
264 |263 |00:32:02 ~-~-> 00:32:08 |right, so we have had the buy side ran on relative equal highs post opening
265 |264 |00:32:08 ~-~-> 00:32:17 |bell, and we have no run on sell side, yet. It's just been one straight shot
266 |265 |00:32:18 ~-~-> 00:32:25 |right from the opening bell. Here's 930 should be back down a little bit rallied
267 |266 |00:32:25 ~-~-> 00:32:25 |up.
268 |267 |00:32:40 ~-~-> 00:32:46 |So when we're looking at price, and you know this, Kayla, because every time I
269 |268 |00:32:46 ~-~-> 00:32:49 |sit down with you, I'm kind of explaining it to you. You're not trying
270 |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
271 |270 |00:32:54 ~-~-> 00:33:00 |back down into, does it give that up? Okay? Because if it can fail and go go
272 |271 |00:33:00 ~-~-> 00:33:04 |lower. This may be something that's influential for resistance. We're not
273 |272 |00:33:04 ~-~-> 00:33:07 |trying to pick the top, not trying to call the top. We're not trying to call
274 |273 |00:33:07 ~-~-> 00:33:13 |the reversal. We're letting the market tell us very clearly where it wants to
275 |274 |00:33:13 ~-~-> 00:33:20 |go. We already shown 50 handle run off of a daily target and a weekly target.
276 |275 |00:33:20 ~-~-> 00:33:25 |Straight shot to it, just a beautiful illustration of what it is that you're
277 |276 |00:33:25 ~-~-> 00:33:29 |trying to do initially. You're not trying to get entry patterns, okay?
278 |277 |00:33:29 ~-~-> 00:33:33 |You're not trying to pick the best stop loss location or where to move your stop
279 |278 |00:33:33 ~-~-> 00:33:39 |loss. You're trying to get a feel for where the market could genuinely and
280 |279 |00:33:39 ~-~-> 00:33:44 |without a whole lot of back and forth type price action, where it can try to
281 |280 |00:33:44 ~-~-> 00:33:49 |gravitate to and that's the draw on liquidity, and that's the first thing
282 |281 |00:33:49 ~-~-> 00:33:53 |that you're trying to do. And when you give yourself permission that that's all
283 |282 |00:33:53 ~-~-> 00:33:57 |you're trying to do, it makes watching price action enjoyable. It's very it's
284 |283 |00:33:57 ~-~-> 00:34:01 |almost like meditation for me, and I'm pretty good at I can see it, and pretty
285 |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.
286 |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
287 |286 |00:34:14 ~-~-> 00:34:20 |is it just disrupting everyone that's been wild watching the stream? You I
288 |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
289 |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
290 |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
291 |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
292 |291 |00:34:49 ~-~-> 00:34:54 |keeps going up? ICT, you know, what do you feel upset about that, that you
293 |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.
294 |293 |00:34:59 ~-~-> 00:35:06 |I. Because, number one, it's going against everything that I have as a
295 |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
296 |295 |00:35:12 ~-~-> 00:35:17 |people how to be a buyer in discounts, how to identify discount. Anyone that's
297 |296 |00:35:17 ~-~-> 00:35:21 |trying to go long in this right here is literally chasing price. That's the
298 |297 |00:35:21 ~-~-> 00:35:26 |definition. That's the epitome of chasing price. And you're literally
299 |298 |00:35:26 ~-~-> 00:35:30 |asking the market to take your head right off. And I've done that as a
300 |299 |00:35:30 ~-~-> 00:35:35 |younger man, thinking, Okay, I missed it. I'm going to catch the last portion
301 |300 |00:35:35 ~-~-> 00:35:38 |of it and hope it starts to take off and have one of these big commercial bull
302 |301 |00:35:38 ~-~-> 00:35:41 |markets that Larry Williams was talking about all the time, because I thought
303 |302 |00:35:41 ~-~-> 00:35:45 |every market that had certain characteristics were going to just go
304 |303 |00:35:45 ~-~-> 00:35:53 |straight to the moon. And I got hurt a lot doing that, so I forced myself to
305 |304 |00:35:53 ~-~-> 00:36:00 |wait for it to trade to either, you know, some kind of opposing liquidity
306 |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
307 |306 |00:36:06 ~-~-> 00:36:13 |indication that it wants to go higher after it's gone lower. So it has to go
308 |307 |00:36:13 ~-~-> 00:36:18 |into a retracement that makes sense and goes to a PD array or a liquidity pool
309 |308 |00:36:18 ~-~-> 00:36:22 |that I've already predetermined. So that way I'm not reacting to not being
310 |309 |00:36:22 ~-~-> 00:36:28 |response, responsive or impulsive to what it is I see in price, versus I'm
311 |310 |00:36:28 ~-~-> 00:36:31 |waiting for something to come into my crosshairs, and then when it does, I'm
312 |311 |00:36:31 ~-~-> 00:36:34 |going to pull the trigger, because I know what I want to see happen if I'm
313 |312 |00:36:34 ~-~-> 00:36:38 |going to pull the trigger, I expect my target to fall to its knees and expire
314 |313 |00:36:38 ~-~-> 00:36:44 |right then and there, not Fight me and try to, you know, do battle with me for
315 |314 |00:36:44 ~-~-> 00:36:47 |the outcome of that, that trade, I wanted to just give up the ghost and
316 |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
317 |316 |00:36:51 ~-~-> 00:36:59 |how much blood I can squeeze from it here, watching where price is right now,
318 |317 |00:36:59 ~-~-> 00:37:07 |it can be rather uncomfortable, because, especially if you're new, the natural
319 |318 |00:37:07 ~-~-> 00:37:10 |impulse is it's going to keep going higher, it's going to keep going higher,
320 |319 |00:37:10 ~-~-> 00:37:14 |it's going to keep going higher. And why shouldn't you just take along? Why
321 |320 |00:37:14 ~-~-> 00:37:18 |shouldn't you be taking this right here as resistance, broken turn support?
322 |321 |00:37:18 ~-~-> 00:37:21 |Because again, it goes against everything that I understand about price
323 |322 |00:37:21 ~-~-> 00:37:28 |action, we opened up after rallying. You know, since this morning, it's been
324 |323 |00:37:28 ~-~-> 00:37:36 |going higher. We had the 830 news driver come out here, came back up, we
325 |324 |00:37:36 ~-~-> 00:37:43 |retraced. We have these smooth levels here. This one here is possible. And
326 |325 |00:37:43 ~-~-> 00:37:56 |right at the opening bell, at 930 right there, that opening price, right there,
327 |326 |00:37:56 ~-~-> 00:38:00 |we opened and in rallied. We came back down and traded into the inefficiency
328 |327 |00:38:00 ~-~-> 00:38:07 |between that candle and that candle, and then rallied. I don't want to be a part
329 |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
330 |329 |00:38:13 ~-~-> 00:38:18 |buy it before it traded to this level and that level, I'm not interested in
331 |330 |00:38:18 ~-~-> 00:38:22 |taking that trade because the probabilities for me, in my personal
332 |331 |00:38:22 ~-~-> 00:38:31 |style of trading, my way of reading price action, is not it's not conducive
333 |332 |00:38:31 ~-~-> 00:38:35 |for that for me, okay, so while other people may take that trade, others may
334 |333 |00:38:35 ~-~-> 00:38:39 |have went long and maybe have made money, maybe they haven't taken their
335 |334 |00:38:39 ~-~-> 00:38:43 |profits yet and are expecting it to rally higher. If that were the case that
336 |335 |00:38:43 ~-~-> 00:38:48 |we see happening today, that's simply just a move that I wasn't a participant
337 |336 |00:38:48 ~-~-> 00:38:51 |in. I don't have a trade open right now. There's nothing, but there's literally
338 |337 |00:38:51 ~-~-> 00:38:57 |nothing going on for me. I'm waiting for more information, and my interest is how
339 |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
340 |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
341 |340 |00:39:09 ~-~-> 00:39:12 |make an attempt to come back down here and disrupt this smooth little area
342 |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
343 |342 |00:39:18 ~-~-> 00:39:25 |saying if I'm fortunate enough to see that unfold, and I can outline it in
344 |343 |00:39:25 ~-~-> 00:39:29 |front of you and walk you through it, and it delivers. Does that mean I'm
345 |344 |00:39:29 ~-~-> 00:39:36 |going to go long or hold for short lower prices than that? No, it just means that
346 |345 |00:39:36 ~-~-> 00:39:41 |that would be the end of my interest. The exercise would be complete. My son
347 |346 |00:39:41 ~-~-> 00:39:49 |would see what it is I want him to see you get another illustration of what it
348 |347 |00:39:49 ~-~-> 00:39:56 |is I try to do when I am not in like a quick, overwhelming, overkill hunting
349 |348 |00:39:56 ~-~-> 00:40:02 |mode. This is me on a passive death. Okay, where I'm not extremely
350 |349 |00:40:02 ~-~-> 00:40:07 |interested. I have subtle things that I would like to see happen, and if they
351 |350 |00:40:07 ~-~-> 00:40:13 |can materialize in price action, then I'll explore it. But I won't do maximum
352 |351 |00:40:13 ~-~-> 00:40:18 |leverage. I won't do, you know, crazy pyramiding and stuff like that. It's
353 |352 |00:40:18 ~-~-> 00:40:24 |just I would look for it to happen, go in maybe with one or two contracts that
354 |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
355 |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
356 |355 |00:40:32 ~-~-> 00:40:38 |to wait for price to give me those, I guess, confirmations that it may, in
357 |356 |00:40:38 ~-~-> 00:40:44 |fact, do it right now it's still too early to determine that. Remember this
358 |357 |00:40:44 ~-~-> 00:40:50 |gap right here I told you that may be influential if we fail. We went up to
359 |358 |00:40:50 ~-~-> 00:40:55 |the weekly objective I was giving you at the start of the live stream. We pierced
360 |359 |00:40:55 ~-~-> 00:41:01 |it and we pierced it once more. So we have three drives here, three drives
361 |360 |00:41:01 ~-~-> 00:41:04 |pattern, or if you have that book I recommended when we first started
362 |361 |00:41:04 ~-~-> 00:41:07 |talking last week, and I've mentioned other times in Twitter spaces, when I
363 |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
364 |363 |00:41:10 ~-~-> 00:41:14 |Instagram. If anybody's on Instagram my name, they're fake. Anyone on any other
365 |364 |00:41:14 ~-~-> 00:41:18 |social media, except for this YouTube channel, if you think I'm talking from
366 |365 |00:41:18 ~-~-> 00:41:23 |that account, and it's me running it. It's not true. It's somebody else's
367 |366 |00:41:23 ~-~-> 00:41:28 |taking my stuff and trying to pretend for engagements and whatnot. So they're
368 |367 |00:41:28 ~-~-> 00:41:33 |all just pretenders. But if I'm talking to you, I'm talking to you from this
369 |368 |00:41:33 ~-~-> 00:41:36 |YouTube channel or my community tab on this YouTube channel, so there's no
370 |369 |00:41:36 ~-~-> 00:41:42 |other way for me to be confused with somebody else's, you know, fraud they're
371 |370 |00:41:42 ~-~-> 00:41:48 |doing. They're trying to be me, just using stuff I've already put up. And
372 |371 |00:41:53 ~-~-> 00:41:58 |that book street smarts, there was a little pattern in there, and they they
373 |372 |00:41:58 ~-~-> 00:42:03 |labeled it or named it, the three Indians pattern, which was kind of cute
374 |373 |00:42:03 ~-~-> 00:42:09 |at the time, but it's basically just a simple three drives pattern. It's funny.
375 |374 |00:42:09 ~-~-> 00:42:14 |They don't ever get any flack about renaming something I do, but my stuff
376 |375 |00:42:14 ~-~-> 00:42:18 |isn't renamed anywhere. It didn't exist before me. But I do like patterns that
377 |376 |00:42:18 ~-~-> 00:42:27 |have predated me even, you know, even before my birth. You know, I'm 52 but a
378 |377 |00:42:27 ~-~-> 00:42:32 |lot of classic stuff that happens in price charts. I'd like to look at them
379 |378 |00:42:32 ~-~-> 00:42:39 |as a way of attacking it. And the three drives pattern is no different than
380 |379 |00:42:39 ~-~-> 00:42:44 |anything else, like a bull flag or bear flag. I like to see those things form
381 |380 |00:42:44 ~-~-> 00:42:48 |when I'm opposed to what they may indicate. So in other words, if you're
382 |381 |00:42:48 ~-~-> 00:42:53 |expecting a bull flag, I like seeing them and selling short right inside of a
383 |382 |00:42:53 ~-~-> 00:42:56 |bull flag when I know that the probabilities are likely the market will
384 |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
385 |384 |00:43:02 ~-~-> 00:43:06 |also very satisfying for me to identify diagonal support or resistance and then
386 |385 |00:43:06 ~-~-> 00:43:11 |target the liquidity that would be used in those instances. But a three drives
387 |386 |00:43:11 ~-~-> 00:43:16 |pattern also can fall victim to that. And how do I avoid falling victim to a
388 |387 |00:43:16 ~-~-> 00:43:20 |three drives pattern, a three drives pattern, just so you know, or three
389 |388 |00:43:20 ~-~-> 00:43:24 |Indians, if you want to use the title that Linda rash and Larry Connor's book,
390 |389 |00:43:24 ~-~-> 00:43:28 |street smarts utilizes, or labels, it's usually when the market's going higher.
391 |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,
392 |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
393 |392 |00:43:39 ~-~-> 00:43:43 |like the pattern, because I did see it sometimes form where it tried to go up,
394 |393 |00:43:44 ~-~-> 00:43:48 |made it higher high here. And that's usually when my stochastic indicator was
395 |394 |00:43:48 ~-~-> 00:43:53 |being bearish, showing me a divergence. And I would many times look at that and
396 |395 |00:43:53 ~-~-> 00:43:57 |say, Okay, it's going to retrace lower, and then give me a trend continuation
397 |396 |00:43:57 ~-~-> 00:44:02 |divergence, which is like an indicator that has an oversold reading here, and
398 |397 |00:44:02 ~-~-> 00:44:06 |then it creates a higher low, but the indicator goes lower than the reading it
399 |398 |00:44:06 ~-~-> 00:44:12 |was here. So that's a it's a type two trend following George Lane did not
400 |399 |00:44:12 ~-~-> 00:44:19 |create that. It's not hidden divergence because, you know, George Lane created,
401 |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
402 |401 |00:44:23 ~-~-> 00:44:27 |community the the trend following divergence into the cast. And George
403 |402 |00:44:27 ~-~-> 00:44:31 |lane gets a whole lot of credit for things that he really didn't earn. But
404 |403 |00:44:31 ~-~-> 00:44:35 |that's enough being disrespectful, but it's not meant to be disrespectful. I'm
405 |404 |00:44:35 ~-~-> 00:44:40 |just giving you a history lesson, because that guy, he, he didn't invent
406 |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
407 |406 |00:44:46 ~-~-> 00:44:49 |explore the idea of being a short seller, which made it hard for me,
408 |407 |00:44:49 ~-~-> 00:44:55 |because we remember, I was also more prone to be a buyer because it made
409 |408 |00:44:55 ~-~-> 00:45:01 |sense, buy something cheap, sell at a higher price. In my in. Chauffeur into
410 |409 |00:45:03 ~-~-> 00:45:07 |being a short seller. I liked the pattern of the three drives, or three
411 |410 |00:45:07 ~-~-> 00:45:12 |Indian pattern, where it would go up high, higher, high, and on a third high,
412 |411 |00:45:12 ~-~-> 00:45:16 |usually, not always. Usually it would start to trade lower. And you can get
413 |412 |00:45:17 ~-~-> 00:45:23 |something like a measured move of the load that formed prior to the first high
414 |413 |00:45:23 ~-~-> 00:45:26 |you make. And this is not in the street smarts book. This is from this is the
415 |414 |00:45:26 ~-~-> 00:45:33 |book of ICT talking the low to the first high, okay, that low to whatever the
416 |415 |00:45:33 ~-~-> 00:45:39 |highest third swing high would be. I would measure that, okay, and then what
417 |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
418 |417 |00:45:43 ~-~-> 00:45:47 |initial target, and then that low, right? There would be my objective. You
419 |418 |00:45:47 ~-~-> 00:45:50 |don't see that in street smarts book. You don't see that in any book that
420 |419 |00:45:50 ~-~-> 00:45:53 |talks about the three drives pattern that they don't they don't have that
421 |420 |00:45:53 ~-~-> 00:45:57 |concept. It's not there. But that's the logic that I was using, because I've
422 |421 |00:45:57 ~-~-> 00:46:03 |seen that pan out more times than anything else. There are people that say
423 |422 |00:46:03 ~-~-> 00:46:08 |that a three drives pattern where it's trading high, high, higher to three
424 |423 |00:46:08 ~-~-> 00:46:11 |higher successive highs, then that creates the long term top and it just
425 |424 |00:46:11 ~-~-> 00:46:16 |continuously reverse, you know, trades lower for a long time. Sometimes, you
426 |425 |00:46:16 ~-~-> 00:46:19 |know, I've seen, certainly, I've seen examples of that, but I've also seen how
427 |426 |00:46:19 ~-~-> 00:46:24 |many times these just create a intermediate term retracement to set up
428 |427 |00:46:24 ~-~-> 00:46:32 |a longer term continuation moving higher. Okay, so while I like the idea
429 |428 |00:46:33 ~-~-> 00:46:39 |of certain aspects of determining and measuring and anticipating visually what
430 |429 |00:46:39 ~-~-> 00:46:48 |a reversal pattern may look like in price action, I'm more inclined to
431 |430 |00:46:48 ~-~-> 00:46:53 |simply wait for the logic that I teach and have taught on the YouTube channel
432 |431 |00:46:53 ~-~-> 00:46:58 |and in mentorship, and in this mentorship here in 2024 where I'm trying
433 |432 |00:46:58 ~-~-> 00:47:03 |to focus just simply on What's the next easiest likelihood of where price is
434 |433 |00:47:03 ~-~-> 00:47:09 |going to go next. And it's very liberating to try to avoid being right
435 |434 |00:47:09 ~-~-> 00:47:13 |about where the weekly chart is going to go and close, because I used to worry
436 |435 |00:47:13 ~-~-> 00:47:16 |about that. I used to worry about where we're going to be three months from now.
437 |436 |00:47:18 ~-~-> 00:47:24 |I don't have to worry about that. So I've disarmed myself as an analyst,
438 |437 |00:47:24 ~-~-> 00:47:30 |where I don't have to have, you know, Olympic level results, and I'm trying to
439 |438 |00:47:30 ~-~-> 00:47:34 |look for just where's the next easy thing. And when I when I say easy
440 |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
441 |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
442 |441 |00:47:42 ~-~-> 00:47:48 |going on the market today, not just today, specifically the 13th of August.
443 |442 |00:47:48 ~-~-> 00:47:54 |I'm saying that in recent years and months that the market has become
444 |443 |00:47:54 ~-~-> 00:48:01 |faster, obviously, and that volatility brings with it a great deal of risk. So
445 |444 |00:48:01 ~-~-> 00:48:07 |you have to know what you're doing and just always going full bore, you know,
446 |445 |00:48:07 ~-~-> 00:48:12 |trying to accelerate to get to the next profitable trade and do more each time.
447 |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
448 |447 |00:48:18 ~-~-> 00:48:26 |careful and try not to be so you like 100 mile an hour. Just slow down and
449 |448 |00:48:26 ~-~-> 00:48:30 |look for a nice, easy setup that makes perfect sense to your model, the
450 |449 |00:48:30 ~-~-> 00:48:34 |parameters that you've made for that model and it fits your your personality.
451 |450 |00:48:34 ~-~-> 00:48:37 |You're not trying to be something that you're really physically not able to do
452 |451 |00:48:37 ~-~-> 00:48:41 |because you won't be comfortable in the model, as I was talking about last week.
453 |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
454 |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
455 |454 |00:48:53 ~-~-> 00:48:57 |line opinion and true to form, where I was saying, like, you know, we have a
456 |455 |00:48:57 ~-~-> 00:49:02 |high, higher, high and higher high, just because you see see three drives higher
457 |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
458 |457 |00:49:06 ~-~-> 00:49:10 |nice sell off. It just means sometimes that if the market is heavily
459 |458 |00:49:11 ~-~-> 00:49:15 |manipulated, and that's what we're seeing on a day like this, you can get
460 |459 |00:49:15 ~-~-> 00:49:21 |ground down to dust. You know the market is can continue continuously. Just keep
461 |460 |00:49:21 ~-~-> 00:49:26 |grinding in one direction. And I I genuinely don't like those types of
462 |461 |00:49:26 ~-~-> 00:49:30 |days, and if I can see days that are starting to show those characteristics,
463 |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
464 |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
465 |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
466 |465 |00:49:41 ~-~-> 00:49:50 |I won't walk, I won't watch the charts, because I want magnitude. I want swings
467 |466 |00:49:50 ~-~-> 00:49:54 |that move around, gyrate. I don't want to be a part of a day that just
468 |467 |00:49:54 ~-~-> 00:49:59 |continuously chips away and just grinds against a direction I don't like that.
469 |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
470 |469 |00:50:03 ~-~-> 00:50:07 |like those types of days. So one of the things that you probably seen over the
471 |470 |00:50:07 ~-~-> 00:50:12 |years, when I show examples and I end up in trades where I am seeing profits
472 |471 |00:50:12 ~-~-> 00:50:15 |build up, and it may be a trade that I've built a large position and
473 |472 |00:50:15 ~-~-> 00:50:20 |pyramiding it, I'm more likely to take a whole lot more partials along the way,
474 |473 |00:50:21 ~-~-> 00:50:25 |because what I'm doing is that I'm managing my emotions in the psychology,
475 |474 |00:50:25 ~-~-> 00:50:30 |psychological war I'm having inside my head that I don't like this, even though
476 |475 |00:50:30 ~-~-> 00:50:37 |it's making the trade more in either pips or or or handles, and the profits
477 |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
478 |477 |00:50:43 ~-~-> 00:50:50 |environment, because those days are harder for me to determine how far it'll
479 |478 |00:50:50 ~-~-> 00:50:54 |go, and because I don't have the patience that just simply hold on to it
480 |479 |00:50:54 ~-~-> 00:50:59 |and walk away, because I'm looking at every fluctuation in price action. I'm
481 |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,
482 |481 |00:51:03 ~-~-> 00:51:06 |I'm going to go over there and start grabbing candy and shoving it in my
483 |482 |00:51:06 ~-~-> 00:51:11 |mouth. I'm going to do that. Okay, that's that's my natural tendency. So
484 |483 |00:51:11 ~-~-> 00:51:16 |for me to balance that, and for me to compensate for that type of wrestling
485 |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
486 |485 |00:51:19 ~-~-> 00:51:24 |continuously moving in my favor. You might think that, well, I think he must
487 |486 |00:51:24 ~-~-> 00:51:27 |be chilling like he's just going to hold on to it forever. Actually, I'm not
488 |487 |00:51:27 ~-~-> 00:51:28 |like, I'm
489 |488 |00:51:28 ~-~-> 00:51:33 |literally my I'm crawling in my own skin, because this is not what I want to
490 |489 |00:51:33 ~-~-> 00:51:37 |see. I want to see it really start to run and then give me some kind of
491 |490 |00:51:37 ~-~-> 00:51:43 |additional entry point, even if I am beyond the point at which I can't by
492 |491 |00:51:43 ~-~-> 00:51:46 |money management rules, I can't pyramid anymore new positions to the underlying
493 |492 |00:51:46 ~-~-> 00:51:52 |position, making it bigger. And I taught that already in last mentorship. So I
494 |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
495 |494 |00:51:56 ~-~-> 00:52:05 |taught it. I'm actually looking for a way to start scaling out of the trade.
496 |495 |00:52:06 ~-~-> 00:52:10 |And there's many times where if I just simply would have just moved my stop one
497 |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
498 |497 |00:52:16 ~-~-> 00:52:19 |just simply waited till 30 minutes before the close. So, so basically,
499 |498 |00:52:19 ~-~-> 00:52:24 |we're saying 30, I'm sorry, yeah, 30 minutes after 3pm 330 New York local
500 |499 |00:52:24 ~-~-> 00:52:27 |time, and then come back and look at the chart and see where I am, and then
501 |500 |00:52:27 ~-~-> 00:52:31 |either take a large portion of the trade off, if it's in profit, or just simply
502 |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
503 |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
504 |503 |00:52:42 ~-~-> 00:52:46 |personality that goes against the grain with some of the things I teach, it
505 |504 |00:52:46 ~-~-> 00:52:51 |doesn't matter how profitable I can show it being or anybody else or a large
506 |505 |00:52:51 ~-~-> 00:52:54 |number of traders, it just means that it's not a right fit for you. And
507 |506 |00:52:54 ~-~-> 00:52:57 |there's nothing wrong with that, just like there's a lot of other things out
508 |507 |00:52:57 ~-~-> 00:53:03 |there that you can trade and you may be trading with, and it's profitable. It
509 |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
510 |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
511 |510 |00:53:14 ~-~-> 00:53:18 |certain characteristics in certain types of days, in the way the price action is
512 |511 |00:53:18 ~-~-> 00:53:23 |being delivered to us. Even with my concepts, I could be in a winning trade
513 |512 |00:53:23 ~-~-> 00:53:30 |and still not feel comfortable in it. And because of that discomfort, I will
514 |513 |00:53:30 ~-~-> 00:53:33 |actively look for ways to just start scaling out of the trade as it's moving
515 |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
516 |515 |00:53:38 ~-~-> 00:53:43 |in the day, it has this parabolic run, and if I just would have held onto the
517 |516 |00:53:43 ~-~-> 00:53:48 |trade, I would have had a huge win because of that. But I'm generally not a
518 |517 |00:53:48 ~-~-> 00:53:53 |part of that run because I've wrestled with the the personality traits that I
519 |518 |00:53:53 ~-~-> 00:53:59 |have within me that goes against that. So I'm not comfortable. It's like it
520 |519 |00:53:59 ~-~-> 00:54:02 |makes it feel like I'm long term trading. And I wanted to be like a long
521 |520 |00:54:02 ~-~-> 00:54:06 |term trader when I first started like I wanted to get into a trade and hold it
522 |521 |00:54:06 ~-~-> 00:54:10 |for months, and I discovered I don't have that ability to be that patient,
523 |522 |00:54:10 ~-~-> 00:54:16 |because I have so many opportunities to see different setups. I can trade long
524 |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
525 |524 |00:54:21 ~-~-> 00:54:26 |that in days like this. So what is that highlighting? It's it's highlighting the
526 |525 |00:54:26 ~-~-> 00:54:30 |fact that I don't have the the ability to be nimble and trade both long and
527 |526 |00:54:30 ~-~-> 00:54:35 |short in intraday price action. And if a day is trading like that, you can rest
528 |527 |00:54:35 ~-~-> 00:54:39 |assured, either I've either been stopped out on trade and not going to go back in
529 |528 |00:54:39 ~-~-> 00:54:44 |again, or I've taken my position out, or I've taken partials off and then got
530 |529 |00:54:44 ~-~-> 00:54:48 |stopped out. I'm not going to resume anymore, because I like to be able to
531 |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
532 |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
533 |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
534 |533 |00:55:04 ~-~-> 00:55:09 |that, just doing all kinds of stuff and taking all kinds of trades. But if the
535 |534 |00:55:09 ~-~-> 00:55:13 |market just continuously grinds in one direction, even if I gave pre market
536 |535 |00:55:13 ~-~-> 00:55:16 |analysis and commentary, if I'm fortunate enough to be on the right side
537 |536 |00:55:16 ~-~-> 00:55:22 |of the marketplace and be in that, I'm squirming in my own skin, because I
538 |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
539 |538 |00:55:29 ~-~-> 00:55:34 |mindset that's balanced. I'm wrestling constantly. So as I teach and I talk
540 |539 |00:55:34 ~-~-> 00:55:37 |about the mindset aspects of trading, and what you're going to be feeling when
541 |540 |00:55:37 ~-~-> 00:55:41 |you start engaging price, and you start seeing these things pan out and money
542 |541 |00:55:41 ~-~-> 00:55:46 |don't pan out for you because you did it wrong. How do you cope with those
543 |542 |00:55:46 ~-~-> 00:55:51 |things? Well, I'm telling you how I'm coping with it. I'm literally trying to
544 |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
545 |544 |00:55:57 ~-~-> 00:56:01 |close all of it, or should I take half of it off there? And if I start
546 |545 |00:56:01 ~-~-> 00:56:05 |wrestling with Hey for all that, just take one contract off and I see how I
547 |546 |00:56:05 ~-~-> 00:56:10 |feel about it. Do I feel any more comfort from it, or is it causing me
548 |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
549 |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
550 |549 |00:56:18 ~-~-> 00:56:25 |higher high if I'm long, right away, you know, you should be looking at this gap
551 |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
552 |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,
553 |552 |00:56:37 ~-~-> 00:56:41 |but I would like to see it, take it above these highs here, and then show
554 |553 |00:56:41 ~-~-> 00:56:48 |displacement below that low. If it doesn't do that by 1020 my interest is
555 |554 |00:56:48 ~-~-> 00:56:51 |done for the morning, and I'll kill the stream, and I'll be content with what
556 |555 |00:56:51 ~-~-> 00:56:57 |I've explained in that one but if it continuously goes higher, I'm not
557 |556 |00:56:57 ~-~-> 00:57:00 |interested. I'm going to close the stream. And that's kind of like what I'm
558 |557 |00:57:00 ~-~-> 00:57:04 |getting at. I don't like days like this, where it just keeps powering one side
559 |558 |00:57:04 ~-~-> 00:57:08 |and one side of one side. And everybody out there that wants to find an
560 |559 |00:57:08 ~-~-> 00:57:11 |opportunity to stand on their soapbox and say, Well, see, I see, I see, says
561 |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,
562 |561 |00:57:15 ~-~-> 00:57:19 |I'd be the first one to shake your hand say, Congratulations. You did something
563 |562 |00:57:19 ~-~-> 00:57:24 |that you felt comfortable doing. But I'm not out there saying, you know, trade
564 |563 |00:57:24 ~-~-> 00:57:27 |everything that I teach, and that's the problem with most of my students. They
565 |564 |00:57:27 ~-~-> 00:57:33 |try to do everything that I introduce. And I'm not using everything when I'm
566 |565 |00:57:33 ~-~-> 00:57:37 |trading. I'm picking one thing based on what I think the market's going to do,
567 |566 |00:57:37 ~-~-> 00:57:41 |and if I don't see it materialized, or if the price action is not conducive for
568 |567 |00:57:41 ~-~-> 00:57:46 |the things that I want to try to engage with, then I'm forced to either be
569 |568 |00:57:46 ~-~-> 00:57:50 |impulsive and just go in at the gambler's mindset thinking, Oh, well,
570 |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
571 |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
572 |571 |00:57:57 ~-~-> 00:58:01 |something, yeah, that doesn't make sense. So I have to know what it is I'm
573 |572 |00:58:01 ~-~-> 00:58:07 |trying to do. What is it that I'm looking for? Why should it even be there
574 |573 |00:58:07 ~-~-> 00:58:12 |in the first place? There's a whole lot more to it than just simply saying, I
575 |574 |00:58:12 ~-~-> 00:58:17 |want to trade silver bullets. I'm going to trade, you know, in the macro times,
576 |575 |00:58:17 ~-~-> 00:58:22 |you know? Okay, well, that's wonderful. But what are you trying to do in that 20
577 |576 |00:58:22 ~-~-> 00:58:27 |minute interval? What did you What did you're trying to wait for? There has to
578 |577 |00:58:27 ~-~-> 00:58:31 |be something you know for you to be building the idea around. And right now,
579 |578 |00:58:31 ~-~-> 00:58:35 |I have nothing, except for, whenever I talk about in price action, whatever I'm
580 |579 |00:58:35 ~-~-> 00:58:40 |suggesting to you at that moment, that's the only thing that I see viable. And so
581 |580 |00:58:40 ~-~-> 00:58:45 |far, we've had just the run above these relative equal highs. So we have that.
582 |581 |00:58:45 ~-~-> 00:58:51 |Let's annotate this one here. Okay, but it would have to, it would have to go
583 |582 |00:58:51 ~-~-> 00:58:55 |below here, because it's relative equal lows. It also would be a much more
584 |583 |00:58:55 ~-~-> 00:59:00 |meaningful displacement. I don't want to just use this one. I'm going to use this
585 |584 |00:59:00 ~-~-> 00:59:03 |low here. So I want to see if it can trade below that, maybe a little
586 |585 |00:59:03 ~-~-> 00:59:06 |retracement in there, and then we'll study and see if it wants to make an
587 |586 |00:59:06 ~-~-> 00:59:12 |attempt to get down into this inefficiency and maybe even challenge
588 |587 |00:59:12 ~-~-> 00:59:16 |this going into the lunch hour. But if we make a higher high, that'll close the
589 |588 |00:59:16 ~-~-> 00:59:19 |stream. For me, I won't be interested in doing anything more, even if it were to
590 |589 |00:59:19 ~-~-> 00:59:23 |trade lower after that, after I close the stream, it doesn't make a difference
591 |590 |00:59:23 ~-~-> 00:59:27 |to me. I will be away from the charts. Even my private students won't even see
592 |591 |00:59:27 ~-~-> 00:59:30 |me. Say, here's an example. I'll just simply close the charts and be done
593 |592 |00:59:31 ~-~-> 00:59:37 |looking for my bottled water here.
594 |593 |00:59:42 ~-~-> 00:59:50 |So watch this level in here or not level, I'm sorry this, this gap here.
595 |594 |00:59:50 ~-~-> 00:59:50 |I'm.
596 |595 |01:00:04 ~-~-> 01:00:10 |Now I'm shading that not orange, but the it should technically be orange, because
597 |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
598 |597 |01:00:16 ~-~-> 01:00:21 |it, come back up and find stiff resistance on it and try to retrace into
599 |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
600 |599 |01:00:25 ~-~-> 01:00:29 |way you understand what I'm doing. Because I told you before, if it's ever
601 |600 |01:00:29 ~-~-> 01:00:34 |this color, I'm expecting it to be an inversion characteristic to it, whereas
602 |601 |01:00:34 ~-~-> 01:00:37 |we see it here become a buy side and balance cell sign efficiency, and it
603 |602 |01:00:37 ~-~-> 01:00:41 |trades back down in if we were having a retracement, and it traded down below
604 |603 |01:00:41 ~-~-> 01:00:44 |these lows here, and it did something like that. Then I would love to look for
605 |604 |01:00:44 ~-~-> 01:00:48 |it to go higher off of that. But because we've been one sided, this keeps
606 |605 |01:00:48 ~-~-> 01:00:51 |pressing higher, higher, higher, higher, we created relative equal highs, and
607 |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
608 |607 |01:00:55 ~-~-> 01:01:00 |want to see it reject. It just seems like they're trying to punish anybody
609 |608 |01:01:00 ~-~-> 01:01:06 |that wants to be short, and they keep knocking them out. And then when there
610 |609 |01:01:06 ~-~-> 01:01:13 |is no more sanity in trying to go short through the retail traders perspective,
611 |610 |01:01:14 ~-~-> 01:01:19 |that's when the market will go lower, because they are building liquidity when
612 |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
613 |612 |01:01:24 ~-~-> 01:01:32 |interested. Days like this, ppi, CPI, if they present these types of
614 |613 |01:01:32 ~-~-> 01:01:37 |characteristics, I promise you, okay, I promise you. If you watch other folks on
615 |614 |01:01:37 ~-~-> 01:01:45 |live streams that are YouTube live streams, you'll probably see them do
616 |615 |01:01:45 ~-~-> 01:01:52 |their worst trading in those days. And it's I'm no different in that, in that
617 |616 |01:01:52 ~-~-> 01:01:57 |regard, because, as a trader, we need fluctuations and gyrations and all that
618 |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
619 |618 |01:02:01 ~-~-> 01:02:05 |in that trade to be the trading the whole daily range, and I wouldn't feel
620 |619 |01:02:05 ~-~-> 01:02:09 |comfortable trading at 930 waiting for the market to create just this little
621 |620 |01:02:09 ~-~-> 01:02:15 |bit of a little tail that's below the day. Can it form like that? Sure. Can
622 |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
623 |622 |01:02:20 ~-~-> 01:02:23 |break down, take out some liquidity here, and then if it wants to start
624 |623 |01:02:23 ~-~-> 01:02:27 |going higher, then I'm okay with that, because we went to a discount, right?
625 |624 |01:02:28 ~-~-> 01:02:34 |But you have to be comfortable identifying where your weaknesses are,
626 |625 |01:02:35 ~-~-> 01:02:39 |and that's the point of going slow in the beginning and not using real money,
627 |626 |01:02:39 ~-~-> 01:02:44 |not rushing to a demo account, you have to determine where your weaknesses and
628 |627 |01:02:44 ~-~-> 01:02:49 |your frailties are as a person, as a human, and if you don't identify them
629 |628 |01:02:49 ~-~-> 01:02:54 |and develop coping mechanisms and identifying how you're going to behave,
630 |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
631 |630 |01:02:57 ~-~-> 01:03:00 |was talking about yesterday? How are you going to prevent yourself from blowing
632 |631 |01:03:00 ~-~-> 01:03:04 |the account, from over trading or impulsively pressing the button because
633 |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
634 |633 |01:03:09 ~-~-> 01:03:14 |in trades and you tear yourself down with drawdown. Trading is not a sport,
635 |634 |01:03:14 ~-~-> 01:03:19 |it's not a video game, it's war. But much like anyone that goes through war,
636 |635 |01:03:19 ~-~-> 01:03:23 |and I'm not claiming to know that, but my father was in Vietnam, and he never
637 |636 |01:03:23 ~-~-> 01:03:28 |wants to talk about that stuff, so it bothered me. I want to see how it reacts
638 |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.
639 |638 |01:03:33 ~-~-> 01:03:36 |It can wick through that. That's fine, because we have this order block. It can
640 |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
641 |640 |01:03:41 ~-~-> 01:03:48 |area here maintain the bodies or resume and send it lower. But I've learned that
642 |641 |01:03:48 ~-~-> 01:03:55 |folks that have had seen action, okay, where they've been in firefights, and
643 |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
644 |643 |01:04:00 ~-~-> 01:04:03 |people that talk about it, oh, yeah, I was in this. They're either talking
645 |644 |01:04:03 ~-~-> 01:04:07 |other ass making up stuff, or they never saw it at all. But the same thing
646 |645 |01:04:07 ~-~-> 01:04:12 |happens to us as traders when we go through a period of severe drawdown or
647 |646 |01:04:12 ~-~-> 01:04:16 |adversities where you just simply can't find your groove and the markets are
648 |647 |01:04:16 ~-~-> 01:04:23 |hard. That tends to create this fog of war, also where we lose our bearings, we
649 |648 |01:04:23 ~-~-> 01:04:26 |don't really know what we're doing, and we're shell shocked, and that's why
650 |649 |01:04:26 ~-~-> 01:04:31 |people in that condition, they go on tilt like they they don't they don't
651 |650 |01:04:31 ~-~-> 01:04:36 |have the capacity to think rationally, because they they're experienced horror,
652 |651 |01:04:37 ~-~-> 01:04:41 |because they've equated the amount of money that they lost or drill down in
653 |652 |01:04:41 ~-~-> 01:04:45 |their account or the account being blown, they can't think rationally.
654 |653 |01:04:45 ~-~-> 01:04:50 |That's why you'll argue with your spouse. You'll be more abusive to the
655 |654 |01:04:50 ~-~-> 01:04:54 |people around you and more sharp and pointed with your responses, because you
656 |655 |01:04:54 ~-~-> 01:05:00 |view them as another distraction or another way of bombard. You with more
657 |656 |01:05:00 ~-~-> 01:05:03 |stimuli, and you're trying to come to terms with what you just put yourself
658 |657 |01:05:03 ~-~-> 01:05:07 |through. And because you put yourself through it, it's easier for you to
659 |658 |01:05:08 ~-~-> 01:05:14 |associate that pain and that overwhelming, you know, defeat as an
660 |659 |01:05:14 ~-~-> 01:05:18 |external thing or something else contributed to why it happened when it's
661 |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
662 |661 |01:05:27 ~-~-> 01:05:32 |like this, though, it's easy to get caught up in that, because you're you're
663 |662 |01:05:33 ~-~-> 01:05:38 |you're most likely going into this type of day, and if you're a live streamer,
664 |663 |01:05:38 ~-~-> 01:05:42 |you're going to feel the impulsiveness to want to do something because your
665 |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
666 |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
667 |666 |01:05:50 ~-~-> 01:05:54 |to live on the money that comes from this stuff. I'm not here to try and
668 |667 |01:05:54 ~-~-> 01:05:57 |impress you. I'm here to teach my son, and you're here just to either take
669 |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
670 |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,
671 |670 |01:06:04 ~-~-> 01:06:10 |but to manage all of these things. And when do they occur for me? You know,
672 |671 |01:06:10 ~-~-> 01:06:14 |with 30 years experience, I've seen a lot of things in price action, and I
673 |672 |01:06:14 ~-~-> 01:06:17 |know a little thing here and little thing there that tends to work well.
674 |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?
675 |674 |01:06:23 ~-~-> 01:06:27 |You know what type of characteristics tell me it's probably not a good idea
676 |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,
677 |676 |01:06:31 ~-~-> 01:06:35 |where it's after a high impact news driver, and you already know the PPI and
678 |677 |01:06:35 ~-~-> 01:06:38 |CPI number, especially because it's an election year, they are highly
679 |678 |01:06:38 ~-~-> 01:06:43 |manipulating these these reports. And it's also the Fed. The Fed's in this
680 |679 |01:06:43 ~-~-> 01:06:50 |market, okay? And I said this years ago. I said it in 2016 all through Trump's,
681 |680 |01:06:50 ~-~-> 01:06:55 |you know, his presidency. They were literally just throwing money in here.
682 |681 |01:06:55 ~-~-> 01:06:59 |And it's artificial. There's they're propping the market up. It's not, none
683 |682 |01:06:59 ~-~-> 01:07:03 |of these stocks should be at these levels. There's literally no reason for
684 |683 |01:07:03 ~-~-> 01:07:08 |stocks to be where they're at. They should have crashed years ago, but
685 |684 |01:07:08 ~-~-> 01:07:14 |because people in high seats get paid for doing certain things, I just
686 |685 |01:07:14 ~-~-> 01:07:18 |realized where I'm at. Let me shut up before the stream gets cut again.
687 |686 |01:07:20 ~-~-> 01:07:25 |There's a high degree of motivation for certain things to take place, and the
688 |687 |01:07:25 ~-~-> 01:07:33 |levels of manipulation control and rigging, like a casino, casino on a
689 |688 |01:07:33 ~-~-> 01:07:39 |river boat in the old times. I gave this analogy before on Twitter, spaces where
690 |689 |01:07:39 ~-~-> 01:07:45 |they would have the the roulette wheel will be rigged and, and I told you how
691 |690 |01:07:45 ~-~-> 01:07:49 |they did it. So all everything can be rigged. Everything can be gained if
692 |691 |01:07:49 ~-~-> 01:07:53 |there's money to be made in it, okay? And obviously, the biggest casino in the
693 |692 |01:07:53 ~-~-> 01:07:59 |world is the stock market, and next to that, it's the forex market. So all
694 |693 |01:07:59 ~-~-> 01:08:07 |these things, you know, when you look at the the potential for the benefits of
695 |694 |01:08:07 ~-~-> 01:08:11 |controlling the outcome, if you could find a way to control the outcome or
696 |695 |01:08:11 ~-~-> 01:08:16 |manipulate it so heavily that an outcome is more likely to occur, you don't think
697 |696 |01:08:16 ~-~-> 01:08:18 |there's going to be people that are going to have a vested interest in
698 |697 |01:08:18 ~-~-> 01:08:25 |trying To see that thing pan out like that. So because that's my perspective
699 |698 |01:08:25 ~-~-> 01:08:29 |on the markets, it doesn't have to be for you, and you can go around and
700 |699 |01:08:29 ~-~-> 01:08:37 |believe RSI and you know, price patterns push price around. That is what I'm
701 |700 |01:08:37 ~-~-> 01:08:40 |thinking when I see one sided days where they just keep grinding. You don't have
702 |701 |01:08:40 ~-~-> 01:08:45 |any meaningful retracements. So I know I'm in an environment that's highly and
703 |702 |01:08:45 ~-~-> 01:08:50 |heavily manipulated. So I know that the odds of me being number one accurate to
704 |703 |01:08:52 ~-~-> 01:08:55 |feeling comfortable holding on to the trade, because I know at any time the
705 |704 |01:08:55 ~-~-> 01:09:01 |market gets a slip and reverse on me, whether I'm going short or long, and
706 |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
707 |706 |01:09:05 ~-~-> 01:09:09 |see the characteristics showing the signs that I'm on a day where this isn't
708 |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
709 |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
710 |709 |01:09:23 ~-~-> 01:09:29 |is like a multiplier that is extremely painful for me. That's it. That's a loss
711 |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
712 |711 |01:09:33 ~-~-> 01:09:37 |understand who you are, you have to bloom where you're planted. Try not to
713 |712 |01:09:37 ~-~-> 01:09:41 |do things that are outside your comfort zone. You don't need to do anything
714 |713 |01:09:41 ~-~-> 01:09:45 |outside your comfort zone, because if you are you are doing is has an edge,
715 |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
716 |715 |01:09:49 ~-~-> 01:09:52 |consistent with it. But you have to guard that edge too. You know, there's,
717 |716 |01:09:52 ~-~-> 01:09:56 |there's individual out there to pretend to be influencers and trade educators.
718 |717 |01:09:56 ~-~-> 01:10:00 |They'll say, you have to, you have to push your edge when you have it. And
719 |718 |01:10:00 ~-~-> 01:10:05 |I've always said that That's stupidity, because no one takes a sharp edge on a
720 |719 |01:10:05 ~-~-> 01:10:13 |knife and constantly use it, use it, use it, use it, and then never hone it, rest
721 |720 |01:10:13 ~-~-> 01:10:18 |it. You know, take care of the edge, because you can push yourself. I have
722 |721 |01:10:18 ~-~-> 01:10:23 |lots of tools. I have lots of things that I can get into the market with, but
723 |722 |01:10:23 ~-~-> 01:10:29 |I also know that as the operator, the person, the the man that is going to be
724 |723 |01:10:29 ~-~-> 01:10:32 |in charge and responsible for the outcome, because I'm pushing the buttons
725 |724 |01:10:32 ~-~-> 01:10:36 |I'm getting in the trade, I'm placing the stop loss and moving that stop loss,
726 |725 |01:10:36 ~-~-> 01:10:43 |I have to assume all that responsibility. So if I know, and if I
727 |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
728 |727 |01:10:49 ~-~-> 01:10:56 |it's a just a grinding one sided deck, if I'm not equipped to identify early
729 |728 |01:10:56 ~-~-> 01:11:02 |enough and have taken partials out and profited in that move, if I get stopped
730 |729 |01:11:02 ~-~-> 01:11:05 |out on that day, and I have already recognized that this is the type of day
731 |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.
732 |731 |01:11:10 ~-~-> 01:11:15 |Because whatever that monetary loss is, and it could be very, very small in my
733 |732 |01:11:15 ~-~-> 01:11:21 |mind, I will magnify that many times over, because I didn't do what I have
734 |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
735 |734 |01:11:26 ~-~-> 01:11:29 |know it, recognize it, and then start taking money off the table, because
736 |735 |01:11:30 ~-~-> 01:11:35 |every single loss on a day like that when I was younger eventually led to me
737 |736 |01:11:35 ~-~-> 01:11:40 |glowing the account, because I was trying to force myself to Be in
738 |737 |01:11:40 ~-~-> 01:11:45 |conditions that I was not comfortable in, and then I would make excuses for
739 |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
740 |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
741 |740 |01:11:54 ~-~-> 01:11:58 |do something like this, because everybody wants to be able to fault
742 |741 |01:11:58 ~-~-> 01:12:01 |something external. You want to be able to be able to say, Oh, it wasn't my
743 |742 |01:12:01 ~-~-> 01:12:06 |fault. You can't blame me. You know, social media, you can't blame me.
744 |743 |01:12:06 ~-~-> 01:12:10 |Internet friends, you can't blame me. You can't blame you know, the person,
745 |744 |01:12:10 ~-~-> 01:12:16 |because that broker did it to me, or that, you know, something external to
746 |745 |01:12:16 ~-~-> 01:12:19 |yourself. Now you chose to put your stop loss there, or you chose not to use a
747 |746 |01:12:19 ~-~-> 01:12:27 |stop loss, and you chose to buy that many contracts or that many lots. If
748 |747 |01:12:27 ~-~-> 01:12:31 |you're trading Forex, you're you're making those decisions, and you have to
749 |748 |01:12:31 ~-~-> 01:12:36 |be responsible with that. So one of, one of the biggest things you're going to
750 |749 |01:12:36 ~-~-> 01:12:41 |have as a hurdle, son, is you need to find what those barriers are for you,
751 |750 |01:12:41 ~-~-> 01:12:45 |where you're uncomfortable, and don't be afraid to identify them, and don't look
752 |751 |01:12:45 ~-~-> 01:12:49 |at them when you discover what they are and say, Well, this is a weakness. That
753 |752 |01:12:49 ~-~-> 01:12:54 |means, you know, I'm going to fail. No, this is how you prevent failure. Because
754 |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,
755 |754 |01:12:59 ~-~-> 01:13:02 |and you know that this is your kryptonite. This is your week. This this
756 |755 |01:13:02 ~-~-> 01:13:07 |is your weakest stage to perform on. Nobody in their right mind would do
757 |756 |01:13:07 ~-~-> 01:13:11 |that. Nobody a glutton for punishment does that. But see, that's the that's
758 |757 |01:13:11 ~-~-> 01:13:16 |the very state of mind that every new trader and every student that comes to
759 |758 |01:13:16 ~-~-> 01:13:20 |me with either pre, pre conceived ideas on what they think they're going to
760 |759 |01:13:20 ~-~-> 01:13:26 |learn versus what, what they have to learn about themselves. First, all of my
761 |760 |01:13:26 ~-~-> 01:13:31 |successful students have gone through this process, and they have, in one way,
762 |761 |01:13:31 ~-~-> 01:13:37 |shape or form, communicated openly in our community as as the individual user
763 |762 |01:13:37 ~-~-> 01:13:42 |groups they they can see who shines and what user group and who doesn't, but the
764 |763 |01:13:42 ~-~-> 01:13:47 |ones that are successful, they've been very candid about what they see as their
765 |764 |01:13:47 ~-~-> 01:13:52 |personal weaknesses, and they don't, they don't feel any shame in that. And
766 |765 |01:13:52 ~-~-> 01:14:00 |that's strength, because what you identified is, okay, I don't want to be
767 |766 |01:14:00 ~-~-> 01:14:04 |in a condition, if you're, if you think of yourself as a Superman or Super Girl,
768 |767 |01:14:04 ~-~-> 01:14:09 |Super Woman, and kryptonite is Superman's weakness, no matter how big
769 |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
770 |769 |01:14:15 ~-~-> 01:14:19 |nobody, he's just the average person. Then, well, as a trader, you have to
771 |770 |01:14:19 ~-~-> 01:14:26 |identify where your kryptonite is. And every trader has kryptonite. Mine are
772 |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
773 |772 |01:14:31 ~-~-> 01:14:37 |sword when I don't identify where I'm at and what, what environment and climate
774 |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
775 |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
776 |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
777 |776 |01:14:52 ~-~-> 01:14:57 |for you. So because my son watches delayed data, he doesn't have live feed,
778 |777 |01:14:57 ~-~-> 01:15:04 |he doesn't have real time. Him price feeds. He has a delay. So when he's
779 |778 |01:15:04 ~-~-> 01:15:10 |watching the stream, if I'm pointing to something, he knows that there's a delay
780 |779 |01:15:10 ~-~-> 01:15:14 |of however many minutes. I don't know exactly how many minutes it is, but
781 |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
782 |781 |01:15:19 ~-~-> 01:15:24 |real time, so it's coming up, and I want him to practice seeing it materialize on
783 |782 |01:15:24 ~-~-> 01:15:31 |his delayed chart. Okay, so he's not doing trades, he's not even demoing,
784 |783 |01:15:31 ~-~-> 01:15:35 |he's just observing price action. To me, that's the best way of learning it beats
785 |784 |01:15:35 ~-~-> 01:15:39 |Market Replay, because Market Replay is you already know what it's done, but I
786 |785 |01:15:39 ~-~-> 01:15:45 |mentioned in here, just for the sake of our conversation here today, I mentioned
787 |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
788 |787 |01:15:50 ~-~-> 01:15:55 |courage. I'm sorry, mean threshold of the order block. Let me take all this
789 |788 |01:15:55 ~-~-> 01:16:07 |stuff off here. You. Now. So how far can it color outside the line of this? This
790 |789 |01:16:07 ~-~-> 01:16:13 |gap I was watching right there, which is the midpoint or mean threshold to trades
791 |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
792 |791 |01:16:19 ~-~-> 01:16:24 |to see. I would prefer to go one more time into this maybe, maybe tap the low
793 |792 |01:16:24 ~-~-> 01:16:32 |of that candle there. It doesn't have to. But right now I would like to see
794 |793 |01:16:34 ~-~-> 01:16:42 |clean this up. I would like to see it kind of like gravitate to these lows and
795 |794 |01:16:42 ~-~-> 01:16:52 |these lows. So I'll highlight like this. And if you're watching, I want you to
796 |795 |01:16:52 ~-~-> 01:16:58 |just relax. Okay, don't, don't have high expectations. Don't, don't demand that
797 |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
798 |797 |01:17:02 ~-~-> 01:17:07 |environment I'm admitting openly to you, trying to show my son that this is, this
799 |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
800 |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
801 |800 |01:17:13 ~-~-> 01:17:16 |avoid certain trading days? And what does it look like, and what does it feel
802 |801 |01:17:16 ~-~-> 01:17:21 |like? And what am I feeling? What is what are my concerns? Everything I've
803 |802 |01:17:21 ~-~-> 01:17:28 |outlined here. And honestly, you know, if, if you've been trading for a long
804 |803 |01:17:28 ~-~-> 01:17:35 |time, and you've made money trading, I promise you, in the audience, you're
805 |804 |01:17:35 ~-~-> 01:17:38 |you're telling yourself that this is something that you wish you would have
806 |805 |01:17:38 ~-~-> 01:17:43 |been exposed to soon, you probably had to glean it from your own experience.
807 |806 |01:17:43 ~-~-> 01:17:48 |Painfully, right? I would have given my left arm for this type of teachings
808 |807 |01:17:48 ~-~-> 01:17:54 |because I didn't identify any kind of hardship as a way of determining where
809 |808 |01:17:54 ~-~-> 01:18:00 |my weaknesses would be. So that way I can avoid them. It doesn't make sense
810 |809 |01:18:00 ~-~-> 01:18:05 |like Larry Williams gave a really funny analogy, and I've borrowed it many
811 |810 |01:18:05 ~-~-> 01:18:11 |times. He was referring to how, like, if like, say, you live next to a person
812 |811 |01:18:11 ~-~-> 01:18:16 |with a white picket fence, is a blue house. And I'm kind of going by memory
813 |812 |01:18:16 ~-~-> 01:18:21 |from my lecture, keynote speaker event he did, where he talks about, you know,
814 |813 |01:18:22 ~-~-> 01:18:26 |you walk down this this road, and you pass the same house with the white
815 |814 |01:18:26 ~-~-> 01:18:30 |picket fence, the blue vinyl siding and whatnot, and you see, it's there all the
816 |815 |01:18:30 ~-~-> 01:18:34 |time, and they have a dog that's ferocious, and it runs down to bite
817 |816 |01:18:34 ~-~-> 01:18:38 |anybody that comes by and too close to that fence. And you walk by and you make
818 |817 |01:18:38 ~-~-> 01:18:41 |the mistake of walking too close to the fence, and it bites you and tears into
819 |818 |01:18:41 ~-~-> 01:18:45 |your arm. Okay? Well, the next day you get up, you walk down there and do the
820 |819 |01:18:45 ~-~-> 01:18:48 |same thing. It reaps through the bandages and tears your arm open again.
821 |820 |01:18:48 ~-~-> 01:18:52 |Are you going to do this 50 times before you get the point? You probably
822 |821 |01:18:52 ~-~-> 01:18:54 |shouldn't walk so close to the fence. You probably should walk on the other
823 |822 |01:18:54 ~-~-> 01:18:59 |side of the fence, take a different route. Don't do that, because that is a
824 |823 |01:18:59 ~-~-> 01:19:06 |stage for you to do what experience some adverse reactions. So what I've done,
825 |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
826 |825 |01:19:11 ~-~-> 01:19:19 |in my first, like quarter of my development as a analyst and whatnot. I
827 |826 |01:19:19 ~-~-> 01:19:24 |wanted to see where I was making my biggest errors, and where it was easy
828 |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
829 |828 |01:19:30 ~-~-> 01:19:34 |types of climates and conditions in the marketplace that were prevalent? They're
830 |829 |01:19:34 ~-~-> 01:19:38 |obvious that were there all the time when I was creating these hardships for
831 |830 |01:19:38 ~-~-> 01:19:43 |myself. And it's some of the things I've talked about here today. And
832 |831 |01:19:45 ~-~-> 01:19:49 |have we moved around a little bit? Sure, I'm not going to argue that anybody
833 |832 |01:19:49 ~-~-> 01:19:52 |could see that we've had some fluctuations in price action, but it is
834 |833 |01:19:52 ~-~-> 01:19:58 |not clean price action, meaning that it's not going to obvious levels turning
835 |834 |01:19:58 ~-~-> 01:20:01 |around. I mean, I can talk about certain things. But you can see is a lot of
836 |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
837 |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
838 |837 |01:20:10 ~-~-> 01:20:15 |drop and then have this level here and it not go outside of that. I prefer
839 |838 |01:20:15 ~-~-> 01:20:20 |those types of climates, those those days where they respect the PD arrays,
840 |839 |01:20:21 ~-~-> 01:20:25 |and it's unable to do certain things when I would like to see them fail,
841 |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
842 |841 |01:20:30 ~-~-> 01:20:35 |confidence that what I'm expecting for directional runs, or where the market
843 |842 |01:20:35 ~-~-> 01:20:39 |may draw to it gives me confidence that that's still going to most likely pan
844 |843 |01:20:39 ~-~-> 01:20:45 |out. And this is just small little, you know, calling Outside the Lines,
845 |844 |01:20:47 ~-~-> 01:20:51 |alright? So right now it would need to start falling out of the bed and going
846 |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
847 |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
848 |847 |01:20:58 ~-~-> 01:20:59 |kills the session. I'm
849 |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
850 |849 |01:21:11 ~-~-> 01:21:16 |my wife. I'll break out to 21 Corvette and paint drove it in couple weeks. And
851 |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
852 |851 |01:21:22 ~-~-> 01:21:30 |dealing with an environment that I'm not interested in. Now, why would I pull the
853 |852 |01:21:30 ~-~-> 01:21:34 |plug on my interest on this day if it goes above this high? Because we have
854 |853 |01:21:34 ~-~-> 01:21:38 |these relative equal lows here that we swept down below, and it's probably
855 |854 |01:21:38 ~-~-> 01:21:43 |going to keep going higher. I'm not interested in being alone today. Well,
856 |855 |01:21:43 ~-~-> 01:21:46 |you know, you don't know how to draw you don't have to trade bullish markets.
857 |856 |01:21:46 ~-~-> 01:21:51 |Okay, everybody has an opinion after I say something, but you're not bringing
858 |857 |01:21:51 ~-~-> 01:21:54 |your live stream, you're not calling the market, you're not telling us what
859 |858 |01:21:54 ~-~-> 01:21:58 |you're doing. You have the benefit of the sidelines and anonymity. What I'm
860 |859 |01:21:58 ~-~-> 01:22:02 |trying to do is teach my son. I'm I'm teaching him with real experience where
861 |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
862 |861 |01:22:07 ~-~-> 01:22:18 |myself that were barriers to me developing sooner more comfortable are
863 |862 |01:22:18 ~-~-> 01:22:23 |the things of what I'm referring to today, which, in my opinion, you know,
864 |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,
865 |864 |01:22:27 ~-~-> 01:22:31 |because it is too many things that have to be referred to real time as it's
866 |865 |01:22:31 ~-~-> 01:22:36 |happening, it needs to be a dynamic type of lesson. But these are the types of
867 |866 |01:22:36 ~-~-> 01:22:40 |lessons that I can look back on with the experience I have. And how many years
868 |867 |01:22:40 ~-~-> 01:22:44 |looking at these freaking markets, if I would learn these lessons sooner, or if
869 |868 |01:22:44 ~-~-> 01:22:47 |I would have had someone tell me, this is the stuff that matters more than
870 |869 |01:22:47 ~-~-> 01:22:51 |anything else, because this is what wrecks you. This is what takes you out
871 |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
872 |871 |01:22:55 ~-~-> 01:23:00 |technique to do it. Everybody does, given the right conditions. You know,
873 |872 |01:23:00 ~-~-> 01:23:04 |anything can be profitable. Flipping a quarter can be if you're, if you're,
874 |873 |01:23:05 ~-~-> 01:23:10 |look well, when I first started trading, you know, I got lucky being a buyer,
875 |874 |01:23:10 ~-~-> 01:23:14 |because the market was in a a commercial bull market. That means it was going to
876 |875 |01:23:14 ~-~-> 01:23:18 |go up regardless. And I was spending time trying to figure out what, what
877 |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
878 |877 |01:23:23 ~-~-> 01:23:26 |a built in advantage, which I attributed to his initial skill. And it wasn't
879 |878 |01:23:26 ~-~-> 01:23:32 |skill at all. It was literally me being blind luck. And that blind luck can
880 |879 |01:23:32 ~-~-> 01:23:38 |exist for months, but when you no longer have the conditions that are predisposed
881 |880 |01:23:38 ~-~-> 01:23:46 |to move in your favor, you'll find that nothing works. And that was a very I
882 |881 |01:23:46 ~-~-> 01:23:56 |guess, this disenchantment, because I was like, wait a minute, somebody's
883 |882 |01:23:56 ~-~-> 01:23:59 |changed something around here. And because at the time, I didn't know how
884 |883 |01:23:59 ~-~-> 01:24:02 |to trade. I didn't really know how to trade, and I was just trusting
885 |884 |01:24:02 ~-~-> 01:24:06 |indicators, crunching the data for me, and that's all it was.
886 |885 |01:24:14 ~-~-> 01:24:19 |Now looking at this day here, okay, forget the fact that it's probably gonna
887 |886 |01:24:19 ~-~-> 01:24:22 |make a higher high, Okay, forget the fact that it's probably going to use
888 |887 |01:24:22 ~-~-> 01:24:25 |that inefficiency and find some support off of it, because we cleared the
889 |888 |01:24:25 ~-~-> 01:24:29 |liquidity below here, and we're, in my opinion, we're too far up here again.
890 |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
891 |890 |01:24:39 ~-~-> 01:24:44 |not a fast, running market where it knows it wants to go somewhere. So I'm
892 |891 |01:24:44 ~-~-> 01:24:47 |not interested in pushing a button. I'm not interested in having a hard, hard
893 |892 |01:24:47 ~-~-> 01:24:51 |line decision I would want to see, obviously, I want to see it, you know,
894 |893 |01:24:51 ~-~-> 01:24:57 |trade down here, but for it to come back up here and create this run through and
895 |894 |01:24:57 ~-~-> 01:25:03 |get that close to that high, what is this? I. Relative equal highs after it's
896 |895 |01:25:03 ~-~-> 01:25:09 |taken liquidity. So the jaggedness is down here. Where is it smooth here? So
897 |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
898 |897 |01:25:14 ~-~-> 01:25:18 |then run right through this high it can? So now think about what you just did.
899 |898 |01:25:19 ~-~-> 01:25:24 |You nodded your head with me, as I was saying both what is high probability
900 |899 |01:25:24 ~-~-> 01:25:31 |trading, the absence of one of them being true. Remember, high probability
901 |900 |01:25:31 ~-~-> 01:25:37 |is where it's very, very difficult to frame the other side of the market going
902 |901 |01:25:37 ~-~-> 01:25:42 |against what your trade ideas. If you can only paint the scenario that it's
903 |902 |01:25:42 ~-~-> 01:25:49 |going to move higher, and you're trying to be a long bullish trader, and it's
904 |903 |01:25:49 ~-~-> 01:25:52 |very difficult, next to impossible, to frame any chance that it goes lower,
905 |904 |01:25:52 ~-~-> 01:26:01 |unless some freak price move comes in. And that's not likely always. Let me say
906 |905 |01:26:01 ~-~-> 01:26:06 |that correctly, it's not potentially going to occur all that many times, but
907 |906 |01:26:06 ~-~-> 01:26:11 |that always is a underlying risk that it can create some wild price action and
908 |907 |01:26:11 ~-~-> 01:26:15 |Spike move a war type event, you know, some kind of terrorist attack that can
909 |908 |01:26:15 ~-~-> 01:26:21 |cause a shock to the marketplace. Years ago, we used to have surprise rate
910 |909 |01:26:21 ~-~-> 01:26:24 |announcements. We don't see that anymore. That's another reason why I
911 |910 |01:26:24 ~-~-> 01:26:27 |know the Fed's doing things that he really shouldn't be doing. They're
912 |911 |01:26:27 ~-~-> 01:26:31 |involved in the marketplace. They're in it. We don't have any kind of surprise
913 |912 |01:26:31 ~-~-> 01:26:37 |rate cut, surprise rate increase. For some of you millennials, you have no
914 |913 |01:26:37 ~-~-> 01:26:40 |idea what I'm talking about, but for the old heads in the audience, you know
915 |914 |01:26:40 ~-~-> 01:26:43 |exactly what I'm talking about, and that stuff doesn't happen anymore. Doesn't
916 |915 |01:26:43 ~-~-> 01:26:47 |happen anymore. Everything's scheduled. So that means everything is scripted. So
917 |916 |01:26:48 ~-~-> 01:26:52 |there's no there's no chance for the market to be dynamic, and a free market
918 |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
919 |918 |01:26:55 ~-~-> 01:27:01 |not. It's not been a free market. As soon as Nixon took off the gold
920 |919 |01:27:01 ~-~-> 01:27:05 |standard, it's been rigged, but that's another conversation for another day. I
921 |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
922 |921 |01:27:10 ~-~-> 01:27:18 |is quote, unquote sexy and interesting. There's a interest for me to see price
923 |922 |01:27:18 ~-~-> 01:27:24 |go to certain levels, but it's too muddy. It's too back and forth. And I
924 |923 |01:27:24 ~-~-> 01:27:28 |have not obviously looked at my favorite live streamers and seen what they are
925 |924 |01:27:28 ~-~-> 01:27:32 |doing today, and if they've done anything at all, or if they made money,
926 |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
927 |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
928 |927 |01:27:39 ~-~-> 01:27:44 |what everyone else has done. But here today, I don't have any interest in
929 |928 |01:27:44 ~-~-> 01:27:48 |being long, even though it could potentially make a higher high here
930 |929 |01:27:48 ~-~-> 01:27:56 |again, if I wanted to, let me make the argument that say that I wanted to see
931 |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
932 |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
933 |932 |01:28:04 ~-~-> 01:28:11 |based on either half of this down closed candle here, or touching the top of that
934 |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
935 |934 |01:28:16 ~-~-> 01:28:19 |this. To do that, that means we could trade one more time back inside this
936 |935 |01:28:19 ~-~-> 01:28:26 |gap. I That's that doesn't make sense for it to do that technically. For me,
937 |936 |01:28:26 ~-~-> 01:28:32 |it's going it's going to go higher. It's done enough here by making these
938 |937 |01:28:32 ~-~-> 01:28:38 |relative equal lows disrupted. But I don't want to be long, because it's been
939 |938 |01:28:38 ~-~-> 01:28:45 |one sided all morning, and it just feels like it's petering out. There are times
940 |939 |01:28:45 ~-~-> 01:28:48 |when it'll do these types of things and just keep, like I said, keep growing and
941 |940 |01:28:48 ~-~-> 01:28:53 |grinding higher. I don't personally care about those days, and sometimes those
942 |941 |01:28:53 ~-~-> 01:28:58 |days have several 100 handles. If you just would have got in and held on to
943 |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
944 |943 |01:29:03 ~-~-> 01:29:08 |don't have the complacency that's required to do that, because I've tried
945 |944 |01:29:08 ~-~-> 01:29:12 |that before, and I don't like it. I don't feel comfortable in that type of
946 |945 |01:29:13 ~-~-> 01:29:17 |trade, and I want to be in an environment that has gyrations up and
947 |946 |01:29:17 ~-~-> 01:29:21 |down. The market's moving very fluid higher and lower, and it's very, very
948 |947 |01:29:21 ~-~-> 01:29:26 |stilted in here. See how it's just like it's being restrained. I guess that's
949 |948 |01:29:26 ~-~-> 01:29:31 |the easiest way to explain it. So when I see price actions showing these types of
950 |949 |01:29:31 ~-~-> 01:29:36 |characteristics where it just doesn't want to do very much, it's lethargic. It
951 |950 |01:29:36 ~-~-> 01:29:41 |runs a little bit, then it comes back in a static, choppy little mess. Then it
952 |951 |01:29:41 ~-~-> 01:29:45 |runs a little bit and it comes back and does some kind of choppy little mess.
953 |952 |01:29:46 ~-~-> 01:29:52 |The best lessons in your development as a student, whether it be with me or
954 |953 |01:29:52 ~-~-> 01:29:56 |anyone else, okay, if you can identify these types of characteristics and
955 |954 |01:29:56 ~-~-> 01:30:00 |signatures in the day that you're watching price action, you. These are
956 |955 |01:30:00 ~-~-> 01:30:06 |the best days for you to say, You know what? I'm probably trying to swim uphill
957 |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
958 |957 |01:30:11 ~-~-> 01:30:16 |about what they do. They bust their ass swimming upstream to spawn, but then
959 |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
960 |959 |01:30:24 ~-~-> 01:30:28 |there has to be some life on the other side of that, right? And in trading,
961 |960 |01:30:29 ~-~-> 01:30:34 |guess what? That means, you have to be comfortable and live beyond today. And
962 |961 |01:30:34 ~-~-> 01:30:42 |we ran one more time, I'll go that high after taking that liquidity. So I'm
963 |962 |01:30:42 ~-~-> 01:30:46 |walking you through scenarios that don't they don't really feel comfortable for
964 |963 |01:30:46 ~-~-> 01:30:52 |me to engage. And what becomes problematic, what this may do, where is
965 |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?
966 |965 |01:30:56 ~-~-> 01:31:01 |What prevents me from being interested in the trade? Why something falls out of
967 |966 |01:31:01 ~-~-> 01:31:07 |favor while I'm watching price those types of observations when you're first
968 |967 |01:31:07 ~-~-> 01:31:11 |learning they're going to evade you, because you're going to be so fixated on
969 |968 |01:31:11 ~-~-> 01:31:17 |finding the right fair value gap or finding the right pattern, or some kind
970 |969 |01:31:17 ~-~-> 01:31:21 |of indicator setting or something that's made available to you whenever that's
971 |970 |01:31:22 ~-~-> 01:31:25 |distracting you from actually reading the price action, you're actually
972 |971 |01:31:25 ~-~-> 01:31:30 |deferring your greater understanding. And it's divided because you have the
973 |972 |01:31:30 ~-~-> 01:31:34 |personal observations that you're going to feel while you're learning and
974 |973 |01:31:34 ~-~-> 01:31:38 |developing, and also you're trying to also gravitate towards some kind of
975 |974 |01:31:39 ~-~-> 01:31:42 |approach or model that you're going to stick to come hell or high water, not
976 |975 |01:31:42 ~-~-> 01:31:48 |change, not deviate from. And it's not easy. That's the part that makes it very
977 |976 |01:31:48 ~-~-> 01:31:54 |expensive, not just with me, but no matter what you do in trading, you're
978 |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
979 |978 |01:31:58 ~-~-> 01:32:04 |going to have very, very well, sleepless nights and hardships dealing with and
980 |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
981 |980 |01:32:07 ~-~-> 01:32:13 |get around it, and just you're not going to be able to you Gotta go through
982 |981 |01:32:21 ~-~-> 01:32:25 |it. Let's take a quick look at daily before I close this one up today. There
983 |982 |01:32:25 ~-~-> 01:32:36 |you go. It's not real. You see that little gap right there? Volume and
984 |983 |01:32:36 ~-~-> 01:32:43 |balance rather, anyways, a guy, but this now, because of what it's done here, you
985 |984 |01:32:43 ~-~-> 01:32:44 |want to have this on your chart,
986 |985 |01:32:50 ~-~-> 01:33:00 |all right, and we will just highlight it that's good, like yellow, but That's
987 |986 |01:33:00 ~-~-> 01:33:05 |your daily chart. That is a volume and bounce and that little separation. It's
988 |987 |01:33:05 ~-~-> 01:33:09 |hard to see it when it's like that, right? But you have to elongate your
989 |988 |01:33:10 ~-~-> 01:33:15 |your your price chart so we can see any kind of inefficiencies and things like
990 |989 |01:33:15 ~-~-> 01:33:17 |that. Let's go back into alignment chart.
991 |990 |01:33:22 ~-~-> 01:33:39 |You okay, see if that's any rebalance that candles wick here in this instance,
992 |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
993 |992 |01:33:43 ~-~-> 01:33:47 |this, this, we want to see that remain open and then reach up into that little
994 |993 |01:33:47 ~-~-> 01:33:48 |area right there.
995 |994 |01:33:56 ~-~-> 01:34:00 |There's nothing wrong with missing moves. Okay, in the beginning, you're
996 |995 |01:34:00 ~-~-> 01:34:04 |going to feel like you're failing if you don't see every possible move,
997 |996 |01:34:04 ~-~-> 01:34:08 |especially if they're moving quickly, and if they have a sudden run and they
998 |997 |01:34:08 ~-~-> 01:34:14 |move a lot, it's hard to it's hard to wrestle through that, unless you have
999 |998 |01:34:14 ~-~-> 01:34:19 |somebody tell you in advance that don't place so much emphasis on that. Just
1000 |999 |01:34:19 ~-~-> 01:34:22 |relax and let it happen, because you're going to learn about yourself. You're
1001 |1000 |01:34:22 ~-~-> 01:34:25 |going to learn about your model. You're going to learn where your strengths are
1002 |1001 |01:34:25 ~-~-> 01:34:33 |in your model. Also, how do you build your strengths in your model? By
1003 |1002 |01:34:33 ~-~-> 01:34:38 |identifying your weaknesses as an individual and avoiding those because
1004 |1003 |01:34:38 ~-~-> 01:34:42 |then what you've done is you removed the biggest barriers to your progress is
1005 |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
1006 |1005 |01:34:46 ~-~-> 01:34:47 |wrong, you.
1007 |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
1008 |1007 |01:35:15 ~-~-> 01:35:22 |one that, in my opinion, this is the best one, because in the beginning, you
1009 |1008 |01:35:22 ~-~-> 01:35:24 |want to learn how to make money. You want to learn how to do the right
1010 |1009 |01:35:24 ~-~-> 01:35:32 |trades, not realizing that the barriers to you getting to that point is knowing
1011 |1010 |01:35:33 ~-~-> 01:35:37 |the things that we're talking about today, identifying problematic price
1012 |1011 |01:35:37 ~-~-> 01:35:44 |action, problematic conditions, when you're not going to do your best. And
1013 |1012 |01:35:44 ~-~-> 01:35:49 |for some of you, you might thrive in this type of environment. Like, this
1014 |1013 |01:35:49 ~-~-> 01:35:52 |might be your thing. Like, where you like, Oh, this is easy for me. Like, I
1015 |1014 |01:35:52 ~-~-> 01:35:58 |can see this is easy for me to to navigate this. Well done. I'm not saying
1016 |1015 |01:35:58 ~-~-> 01:36:03 |that there isn't someone, and maybe, you know large degree of my community, you
1017 |1016 |01:36:03 ~-~-> 01:36:06 |know my own personal students can see these types of days and say, you know,
1018 |1017 |01:36:06 ~-~-> 01:36:09 |it makes sense for me to trade these days, but when you're trading those
1019 |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
1020 |1019 |01:36:13 ~-~-> 01:36:20 |ashamed of. It's not something to be embarrassed by. It's just simply you
1021 |1020 |01:36:20 ~-~-> 01:36:23 |carving. And not everybody does the same thing for a living, right? Take yourself
1022 |1021 |01:36:23 ~-~-> 01:36:28 |out of trading. What do you do for your job? What business do you own? Does
1023 |1022 |01:36:28 ~-~-> 01:36:36 |everybody work in a tire shop? No, that's what my son does. He works at a
1024 |1023 |01:36:36 ~-~-> 01:36:45 |tire shop. How you make your bread and how you pay your bills is your decision.
1025 |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
1026 |1025 |01:36:49 ~-~-> 01:36:55 |in this. And not everybody's going to agree with it. But are you going to stop
1027 |1026 |01:36:55 ~-~-> 01:36:58 |working and paying your bills with the income you earn from your job? Because,
1028 |1027 |01:36:58 ~-~-> 01:37:04 |you know, a number of people say, Well, I would never do that job. You think
1029 |1028 |01:37:04 ~-~-> 01:37:13 |about the civil engineers that come around and collect our our waste. You
1030 |1029 |01:37:13 ~-~-> 01:37:19 |know, once a week, they call them the trash man. I'm sure when you're in
1031 |1030 |01:37:19 ~-~-> 01:37:25 |college or school. They didn't aspire to do that, but they have to make their
1032 |1031 |01:37:25 ~-~-> 01:37:28 |income, right? They have to make their bills, and that's what they're having to
1033 |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,
1034 |1033 |01:37:33 ~-~-> 01:37:39 |but there's a time and place for everything, and what you're trying to do
1035 |1034 |01:37:39 ~-~-> 01:37:44 |in the beginning is completely unknown to you. You don't know what you're going
1036 |1035 |01:37:44 ~-~-> 01:37:48 |to end up doing as a trader, and you have to have some kind of a baseline,
1037 |1036 |01:37:49 ~-~-> 01:37:58 |and avoiding or trying to ignore the barriers to your development, or the
1038 |1037 |01:37:58 ~-~-> 01:38:03 |speed bumps that say it that way, when you have these moments where the market
1039 |1038 |01:38:03 ~-~-> 01:38:09 |just seems like it doesn't want to do anything, every single time I put on
1040 |1039 |01:38:09 ~-~-> 01:38:13 |here and click it, I gotta start looking at how many seconds away is before it
1041 |1040 |01:38:13 ~-~-> 01:38:17 |changed into another candle. Every single time I try to annotate something,
1042 |1041 |01:38:17 ~-~-> 01:38:22 |it always moves right when I click on it. It's a conspiracy, I'll tell you,
1043 |1042 |01:38:23 ~-~-> 01:38:24 |the
1044 |1043 |01:38:29 ~-~-> 01:38:30 |the
1045 |1044 |01:38:36 ~-~-> 01:38:41 |the energy and the time you spend trying to avoid all the things that you are
1046 |1045 |01:38:41 ~-~-> 01:38:45 |thinking that you're going to try to avoid, like losing, never, having
1047 |1046 |01:38:45 ~-~-> 01:38:51 |drawdown, only winning, only picking the right order block, only entering at the
1048 |1047 |01:38:51 ~-~-> 01:39:00 |right time. That is a fool's errand. Like you're you're trying to do
1049 |1048 |01:39:00 ~-~-> 01:39:07 |something that everybody will fail at, myself included, okay, but because no
1050 |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
1051 |1050 |01:39:11 ~-~-> 01:39:15 |out of doing those types of silly stuff, you feel like you're going to be the
1052 |1051 |01:39:15 ~-~-> 01:39:20 |exception to the rule. And I honestly believe that was going to be that way,
1053 |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
1054 |1053 |01:39:25 ~-~-> 01:39:29 |trying to tell you that, instead of trying to avoid the things that are
1055 |1054 |01:39:29 ~-~-> 01:39:33 |going to be problematic, try to try to avoid the things that are going to feel
1056 |1055 |01:39:33 ~-~-> 01:39:38 |like it's harder than it needs to be, you need to grow into those periods and
1057 |1056 |01:39:38 ~-~-> 01:39:45 |say, Okay, I'm experiencing hardship in reading days like this. I don't know
1058 |1057 |01:39:45 ~-~-> 01:39:50 |where the market's going to go next. It tends to be choppy and aimless, like a
1059 |1058 |01:39:51 ~-~-> 01:39:54 |sailboat without a rudder, and then all of a sudden, it creates these little
1060 |1059 |01:39:54 ~-~-> 01:39:58 |runs that come out of nowhere. And then I get excited, and I chase that one, and
1061 |1060 |01:39:58 ~-~-> 01:40:02 |then it pulls back and goes the other. Direction. Well, guess what that that's
1062 |1061 |01:40:02 ~-~-> 01:40:06 |that's what I discovered about these types of days for me, they didn't feel
1063 |1062 |01:40:06 ~-~-> 01:40:10 |right for me, where every decision I was making about trying to engage with it
1064 |1063 |01:40:11 ~-~-> 01:40:18 |was not correct. And then I would identify early on in the future, those
1065 |1064 |01:40:18 ~-~-> 01:40:22 |same types of characteristics in a new trading day, and the times that I
1066 |1065 |01:40:22 ~-~-> 01:40:27 |ignored it and just pressed and plowed into it trying to do what I normally do,
1067 |1066 |01:40:28 ~-~-> 01:40:33 |I would get hurt, and I would draw the account down or do worse, and then I
1068 |1067 |01:40:33 ~-~-> 01:40:40 |would take that pain mentally and psychologically, emotionally that would
1069 |1068 |01:40:40 ~-~-> 01:40:45 |manifest into physical depression, physical ailments that eventually
1070 |1069 |01:40:45 ~-~-> 01:40:51 |started affecting my health. I would carry them into new trading days, when
1071 |1070 |01:40:51 ~-~-> 01:40:55 |my model would be there and it would be obvious that my model should be
1072 |1071 |01:40:56 ~-~-> 01:41:00 |implemented that day, but because I'm still beating myself up about not
1073 |1072 |01:41:00 ~-~-> 01:41:06 |recognizing the previous trading session or the previous time that I lost on when
1074 |1073 |01:41:06 ~-~-> 01:41:10 |I knew that I was identifying this is a problem day for me. So instead of trying
1075 |1074 |01:41:10 ~-~-> 01:41:15 |to force myself to perform when I wasn't doing it in front of anybody, it was
1076 |1075 |01:41:15 ~-~-> 01:41:20 |just me telling myself I had to do it, and I'm giving you permission to tell
1077 |1076 |01:41:20 ~-~-> 01:41:24 |yourself you don't have to trade every day. You don't have to have a winning
1078 |1077 |01:41:24 ~-~-> 01:41:29 |trade discovered and implemented and realized every single day. You don't
1079 |1078 |01:41:29 ~-~-> 01:41:33 |need to do that. Caleb, I'm not expecting you to do that. I'm not
1080 |1079 |01:41:33 ~-~-> 01:41:38 |expecting you to have a high win rate. I'm expecting you to grow a little bit
1081 |1080 |01:41:38 ~-~-> 01:41:43 |be a little bit better next week than you are this week. And I know by doing
1082 |1081 |01:41:43 ~-~-> 01:41:48 |that, by default, you will increase in your understanding. And if you give
1083 |1082 |01:41:48 ~-~-> 01:41:54 |yourself the opportunity and flexibility and permission to identify where you
1084 |1083 |01:41:54 ~-~-> 01:41:59 |don't feel comfortable, that, in itself, is going to highlight where your model
1085 |1084 |01:41:59 ~-~-> 01:42:04 |will be strong, and it doesn't feel like that in the beginning. It doesn't feel
1086 |1085 |01:42:04 ~-~-> 01:42:08 |like it's going to work like that. But that's exactly what everybody if you go
1087 |1086 |01:42:08 ~-~-> 01:42:11 |back and look at your development, if you're if you're profitable, go back and
1088 |1087 |01:42:11 ~-~-> 01:42:16 |think about the things that you felt, that were hardships, and by identifying
1089 |1088 |01:42:16 ~-~-> 01:42:22 |them, and if you're responsible and you're mature, you don't try to
1090 |1089 |01:42:22 ~-~-> 01:42:26 |sugarcoat them. You don't put blinders on or try to hide them from people. If
1091 |1090 |01:42:26 ~-~-> 01:42:29 |you're going to have a conversation about your trading and your model, you
1092 |1091 |01:42:29 ~-~-> 01:42:34 |have to be honest and say, Okay, this is where my model's strength is, and these
1093 |1092 |01:42:34 ~-~-> 01:42:39 |are the periods of time when it doesn't Excel well. But see, that's the problem
1094 |1093 |01:42:39 ~-~-> 01:42:44 |with the industry, because they're never going to tell you their personal
1095 |1094 |01:42:44 ~-~-> 01:42:48 |weaknesses, because that's not a selling point. That doesn't mean, hey, you know
1096 |1095 |01:42:48 ~-~-> 01:42:52 |this person should. Let's, let's subscribe to this guy service. Let's buy
1097 |1096 |01:42:52 ~-~-> 01:42:56 |this guy's software, program this let's buy this signal service. Let's join
1098 |1097 |01:42:56 ~-~-> 01:43:00 |their discord. Let's join their mentorship. Let's join their anything,
1099 |1098 |01:43:01 ~-~-> 01:43:06 |if they're not going to be upfront and tell you where the strengths are and
1100 |1099 |01:43:06 ~-~-> 01:43:12 |where the weaknesses are and how to cope with those things on an individual
1101 |1100 |01:43:12 ~-~-> 01:43:15 |basis, that's not someone that you should listen to. And I mean that
1102 |1101 |01:43:15 ~-~-> 01:43:20 |wholeheartedly, and you can put anybody's name in that statement. I
1103 |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
1104 |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
1105 |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
1106 |1105 |01:43:34 ~-~-> 01:43:42 |here, just for a fling, you're here for an affair, a short term affair, and
1107 |1106 |01:43:42 ~-~-> 01:43:46 |affairs generally don't usually work out. Long term, you get something you
1108 |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
1109 |1108 |01:43:54 ~-~-> 01:44:00 |doing this. And maybe, you know, he'll he'll learn fast by doing it this way,
1110 |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
1111 |1110 |01:44:06 ~-~-> 01:44:11 |interested in consistently doing the same thing and growing in understanding
1112 |1111 |01:44:12 ~-~-> 01:44:16 |because I know, by default, the time aspect will do its job. He'll know more
1113 |1112 |01:44:16 ~-~-> 01:44:21 |about himself. He'll know what makes him tick. What is it that you're looking
1114 |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,
1115 |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
1116 |1115 |01:44:30 ~-~-> 01:44:37 |out on a napkin at lunch today, pull out your pen, grab a napkin and draw out
1117 |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?
1118 |1117 |01:44:45 ~-~-> 01:44:49 |What is it that you're identifying in price action that your attention goes to
1119 |1118 |01:44:49 ~-~-> 01:44:54 |in price? What is it that you're seeing before you press the button? And it's
1120 |1119 |01:44:54 ~-~-> 01:44:58 |shocking to see how many people can't do that, and then they wonder why they
1121 |1120 |01:44:58 ~-~-> 01:45:03 |can't find profitable trades. Because if you can't articulate in a very simple
1122 |1121 |01:45:03 ~-~-> 01:45:07 |line drawing what it is you're trying to capitalize on where your stop loss would
1123 |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
1124 |1123 |01:45:14 ~-~-> 01:45:19 |physically draw that out, then how could you possibly articulate or expect,
1125 |1124 |01:45:19 ~-~-> 01:45:23 |expect to see it in price action. If you can't articulate it in a simple line
1126 |1125 |01:45:23 ~-~-> 01:45:31 |drawing, ever think about like that? For some of you, thinking, wow, you know, I
1127 |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
1128 |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
1129 |1128 |01:45:39 ~-~-> 01:45:42 |account without blowing it. That's why you can't pass a funded account
1130 |1129 |01:45:42 ~-~-> 01:45:45 |challenge. That's why, even if you got lucky and you got a funded account,
1131 |1130 |01:45:45 ~-~-> 01:45:50 |that's why you lost it and you lost that funded account, because you don't know
1132 |1131 |01:45:50 ~-~-> 01:45:55 |what you're looking for. And when we sit down to a price action like this, I
1133 |1132 |01:45:55 ~-~-> 01:46:01 |highlight things that I like to see based on numerous models. But if none of
1134 |1133 |01:46:01 ~-~-> 01:46:07 |the models that I like and can implement are speaking in terms of, it's obvious
1135 |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
1136 |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
1137 |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
1138 |1137 |01:46:20 ~-~-> 01:46:28 |to lose any lose any sleep over having the right or wrong expectation over the
1139 |1138 |01:46:28 ~-~-> 01:46:31 |marketplace, because I'm laughing in front of you. I'm telling you what
1140 |1139 |01:46:31 ~-~-> 01:46:38 |matters more, knowing and identifying these types of days, if it's against the
1141 |1140 |01:46:38 ~-~-> 01:46:44 |grain for you as a trader, anybody that makes money, folks, I'll just say it
1142 |1141 |01:46:44 ~-~-> 01:46:50 |like this. Anybody that makes money would not look at anyone in in that they
1143 |1142 |01:46:50 ~-~-> 01:46:54 |were honest in social media, or if they honest in front of, you know, someone in
1144 |1143 |01:46:54 ~-~-> 01:46:58 |the industry, and you met them for you face to face. I would talk the same way,
1145 |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
1146 |1145 |01:47:04 ~-~-> 01:47:08 |that makes money would never look at you and be condescending to you or say,
1147 |1146 |01:47:08 ~-~-> 01:47:13 |Well, you know you suck. You know anyone that does that type of stuff, I promise
1148 |1147 |01:47:13 ~-~-> 01:47:18 |you, they're not profitable, and they're wearing a mask online. And the ones that
1149 |1148 |01:47:18 ~-~-> 01:47:24 |make money would have a higher regard and respect for you if you spent time
1150 |1149 |01:47:24 ~-~-> 01:47:29 |articulating, not hiding, not pretending, you don't exist where your
1151 |1150 |01:47:29 ~-~-> 01:47:34 |weaknesses are as a trader and where your models are weak. Because if you
1152 |1151 |01:47:34 ~-~-> 01:47:43 |understand where your model is weak, you can do things to manage and avoid those
1153 |1152 |01:47:43 ~-~-> 01:47:48 |conditions that you have seen and measured by logging and journaling, and
1154 |1153 |01:47:48 ~-~-> 01:47:53 |that's the benefit of doing it. I've seen so many ass clowns out there saying
1155 |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
1156 |1155 |01:47:56 ~-~-> 01:48:01 |money. Show us you make money. These are the same people that never show a trade,
1157 |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
1158 |1157 |01:48:04 ~-~-> 01:48:08 |nothing, but they always got an opinion. And the problem is, is because social
1159 |1158 |01:48:08 ~-~-> 01:48:13 |media is so impactful, everyone because they're trying to learn this, and
1160 |1159 |01:48:13 ~-~-> 01:48:17 |they're their confidence level in themselves very low. And If there's
1161 |1160 |01:48:17 ~-~-> 01:48:26 |someone pretending to be a very hard like very argumentative or troll or
1162 |1161 |01:48:26 ~-~-> 01:48:30 |something like that, a troublemaker, just a plain troublemaker, when anyone
1163 |1162 |01:48:30 ~-~-> 01:48:31 |comes at them
1164 |1163 |01:48:33 ~-~-> 01:48:37 |with any kind of adversity or any kind of sharp toned response or say, Well,
1165 |1164 |01:48:37 ~-~-> 01:48:40 |you know, you suck. Or this that again, these are the same people that
1166 |1165 |01:48:40 ~-~-> 01:48:47 |absolutely are fucking failing on every level. Okay, but you tend to have a
1167 |1166 |01:48:47 ~-~-> 01:48:50 |little bit more concern about those individuals, because you're in a you're
1168 |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
1169 |1168 |01:48:54 ~-~-> 01:48:58 |know what you're talking about, because here's what I make, here's what I've
1170 |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
1171 |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,
1172 |1171 |01:49:04 ~-~-> 01:49:10 |they clam up, and they've got nothing to say, but you end up taking the opinions
1173 |1172 |01:49:10 ~-~-> 01:49:16 |or the concerns that other people have because they're miserable. And social
1174 |1173 |01:49:16 ~-~-> 01:49:21 |media fosters this type of climate, which is the most toxic thing in the
1175 |1174 |01:49:21 ~-~-> 01:49:26 |world for traders. You're inviting people in a conversation that never was
1176 |1175 |01:49:26 ~-~-> 01:49:30 |invited. You didn't start trading so you can impress everybody on the internet.
1177 |1176 |01:49:30 ~-~-> 01:49:36 |That's just one sub little thing that it's in addition to because you you want
1178 |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
1179 |1178 |01:49:41 ~-~-> 01:49:45 |want to be able to capitalize on moves and price action that repeat, and you
1180 |1179 |01:49:47 ~-~-> 01:49:50 |want to be able to feel confident when you do it. But in the beginning, you're
1181 |1180 |01:49:50 ~-~-> 01:49:53 |not going to you're not going to be confident in the beginning. And
1182 |1181 |01:49:53 ~-~-> 01:49:58 |everybody on social media is warring against other people. I have, I have, I
1183 |1182 |01:49:58 ~-~-> 01:50:01 |have students now that are trying to. Talk shit about me because they want to
1184 |1183 |01:50:01 ~-~-> 01:50:05 |garner attention around their mentorship, but they're teaching my
1185 |1184 |01:50:05 ~-~-> 01:50:13 |mentorship. Make that make sense. The point is, do not invite other people
1186 |1185 |01:50:13 ~-~-> 01:50:19 |into the conversation. Okay? Now, obviously I'm I'm allowing other people
1187 |1186 |01:50:19 ~-~-> 01:50:25 |to hear my conversation with you, Caleb, but I don't care, because these people
1188 |1187 |01:50:25 ~-~-> 01:50:28 |that listen to me, they can talk shit, they can make videos, they can do
1189 |1188 |01:50:28 ~-~-> 01:50:33 |anything they fucking want. Okay, none of that's changing anything. It's not
1190 |1189 |01:50:33 ~-~-> 01:50:38 |doing anything. It's just putting a bullet point list of everything they are
1191 |1190 |01:50:38 ~-~-> 01:50:45 |weak at. They're watching my streams. I'm not watching their they're in here
1192 |1191 |01:50:45 ~-~-> 01:50:49 |learning just like you are and but they'll never admit it, because their
1193 |1192 |01:50:49 ~-~-> 01:50:55 |ego is too inflated on no skill. They have no reason to be arrogant. They have
1194 |1193 |01:50:55 ~-~-> 01:50:59 |no reason to be conceited or self centered their failures, and they're the
1195 |1194 |01:50:59 ~-~-> 01:51:03 |ones with the biggest bark are the ones with the biggest mouth, and they
1196 |1195 |01:51:03 ~-~-> 01:51:12 |consistently are being exposed as a fucking failure. So don't invite any
1197 |1196 |01:51:12 ~-~-> 01:51:16 |other person in your conversations. That's why the comment sections are not
1198 |1197 |01:51:16 ~-~-> 01:51:22 |open on these live streams. I don't want you seeing any comments. And there's a
1199 |1198 |01:51:22 ~-~-> 01:51:25 |lot of them, I'll be honest with you, there's a lot of them that are
1200 |1199 |01:51:25 ~-~-> 01:51:29 |encouraging you along, and they're being very thankful that that you asked to go
1201 |1200 |01:51:29 ~-~-> 01:51:34 |through this again, and that you made it where you are allowing other people to
1202 |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
1203 |1202 |01:51:41 ~-~-> 01:51:45 |they're in there sucking themselves off, but they're from accounts with no
1204 |1203 |01:51:45 ~-~-> 01:51:48 |content, and the accounts were just made. So that tells you that they're
1205 |1204 |01:51:48 ~-~-> 01:51:55 |little dick energy boys. So if you're going to look at days like this and say,
1206 |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
1207 |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
1208 |1207 |01:52:05 ~-~-> 01:52:09 |the beginning with Larry Williams. If he said he couldn't do something, that was
1209 |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,
1210 |1209 |01:52:13 ~-~-> 01:52:18 |because it gave me a starting point. And all I'm doing by having these live
1211 |1210 |01:52:18 ~-~-> 01:52:22 |streams with you Caleb is to give you a starting point on how to read price
1212 |1211 |01:52:22 ~-~-> 01:52:30 |action and then understanding when to sit still, when to sit still. Why does
1213 |1212 |01:52:30 ~-~-> 01:52:35 |it make this? Why does it make sense to sit still? And when does that change?
1214 |1213 |01:52:35 ~-~-> 01:52:41 |When can we anticipate something that's measurable? Okay, when we were trading
1215 |1214 |01:52:41 ~-~-> 01:52:47 |down here, I wanted to see it trade up into here, and this gap offers some kind
1216 |1215 |01:52:47 ~-~-> 01:52:50 |of resistance, because then that would have indicated that all of this was
1217 |1216 |01:52:50 ~-~-> 01:52:55 |built in. It's like a premium. They pushed price up and trap traders there,
1218 |1217 |01:52:55 ~-~-> 01:53:00 |and now it should try to retrace to a deeper discount. And remember, I was
1219 |1218 |01:53:00 ~-~-> 01:53:04 |aiming for this down here. This was my initial and this is where my I still
1220 |1219 |01:53:04 ~-~-> 01:53:08 |think this is still plausible. May not need to do it today. It could be a
1221 |1220 |01:53:08 ~-~-> 01:53:15 |response to tomorrow's data. But once we showed this move outside of here, and we
1222 |1221 |01:53:15 ~-~-> 01:53:20 |had this close right there, see how that closed above that, if I had a trade,
1223 |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
1224 |1223 |01:53:27 ~-~-> 01:53:33 |closed here, I would kill the trade. I would not I would save the stop. Because
1225 |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
1226 |1225 |01:53:37 ~-~-> 01:53:41 |come back down here and treat this as support. I'm not go back and listen to
1227 |1226 |01:53:41 ~-~-> 01:53:43 |the stream. You'll be able to see it in the record the recording. I'm not
1228 |1227 |01:53:43 ~-~-> 01:53:47 |interested in being a buyer today. I said, I stated, and I said I would have
1229 |1228 |01:53:47 ~-~-> 01:53:52 |to consider potentially seeing a stop that would have to go, maybe into this
1230 |1229 |01:53:52 ~-~-> 01:53:55 |gap again. And I'm not interested. It wouldn't, it wouldn't make sense for me
1231 |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
1232 |1231 |01:54:02 ~-~-> 01:54:06 |going into this, this gap here, and reach for this high and then we went
1233 |1232 |01:54:06 ~-~-> 01:54:09 |back out to a daily chart, and I show you the volume and balance. We
1234 |1233 |01:54:09 ~-~-> 01:54:12 |highlighted it, and it went right to consequent, encroaching the midpoint of
1235 |1234 |01:54:12 ~-~-> 01:54:19 |that right here. And look how it's behaving Now, off of a gap here that I
1236 |1235 |01:54:19 ~-~-> 01:54:24 |said, I want to see that stay open? Did it stay open? Yes, it stayed open until
1237 |1236 |01:54:24 ~-~-> 01:54:32 |we traded up into that daily volume imbalance. So I don't know why my girls
1238 |1237 |01:54:32 ~-~-> 01:54:35 |upstairs are barking like crazy, but they must see deer. Every time they see
1239 |1238 |01:54:35 ~-~-> 01:54:40 |a deer, if they like, they want these things to bark back at them, and when
1240 |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
1241 |1240 |01:54:50 ~-~-> 01:54:53 |just kind of like say what I saw in a statement yesterday from one of the
1242 |1241 |01:54:53 ~-~-> 01:54:57 |young ladies that are watching these, these, these lessons. I'm assuming it's
1243 |1242 |01:54:57 ~-~-> 01:55:03 |a lady the photo. Up on their YouTube channel shows a woman. It's like a
1244 |1243 |01:55:03 ~-~-> 01:55:09 |meditation channel and relaxation channel, and they put up content around
1245 |1244 |01:55:09 ~-~-> 01:55:13 |relaxing, and she mentioned their comment that she's she's just started
1246 |1245 |01:55:13 ~-~-> 01:55:19 |watching in February this year, and she likes the idea and the approach that I'm
1247 |1246 |01:55:19 ~-~-> 01:55:24 |using and teaching, and she can see the stuff panning out, and she's now already
1248 |1247 |01:55:24 ~-~-> 01:55:30 |made progress in a funded account. So and she mentioned how she's encouraged
1249 |1248 |01:55:30 ~-~-> 01:55:34 |because she's able to help her her children and make her end me, ma'am, I
1250 |1249 |01:55:34 ~-~-> 01:55:40 |don't know your name, but I love I was half tempted to screenshot that and put
1251 |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
1252 |1251 |01:55:47 ~-~-> 01:55:51 |our community, and not just my personal community, but when I when I support the
1253 |1252 |01:55:51 ~-~-> 01:55:57 |ladies, jerks and perverts, always take that out of context, okay, like, for
1254 |1253 |01:55:57 ~-~-> 01:56:01 |instance, Tanya, she She reminds me of my daughter. That doesn't mean I'm
1255 |1254 |01:56:01 ~-~-> 01:56:05 |sexually attracted to my daughter, okay? But if you watch her live streams in the
1256 |1255 |01:56:05 ~-~-> 01:56:11 |chat window, it's very vulgar, nasty stuff that goes on and said to me and
1257 |1256 |01:56:11 ~-~-> 01:56:16 |said to her, and I encourage her, because she's a lady, okay? And I don't
1258 |1257 |01:56:16 ~-~-> 01:56:19 |want people coming to my channel thinking that it's just a man's world
1259 |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
1260 |1259 |01:56:25 ~-~-> 01:56:31 |best student is a woman, because she doesn't have a phallus. She doesn't have
1261 |1260 |01:56:31 ~-~-> 01:56:35 |to measure up to anybody she's providing. And that message that you
1262 |1261 |01:56:35 ~-~-> 01:56:39 |left me, and I read it, is just true. And you mentioned you just started
1263 |1262 |01:56:39 ~-~-> 01:56:45 |watching me this year in February, so you don't know that I've said that in
1264 |1263 |01:56:45 ~-~-> 01:56:49 |years gone by, where women tend to be better traders because they're not
1265 |1264 |01:56:49 ~-~-> 01:56:54 |trading for ego purposes, they don't win. Then go on the internet and say,
1266 |1265 |01:56:54 ~-~-> 01:56:59 |haha, look at this. They're not barbarians, they're not gladiators. They
1267 |1266 |01:56:59 ~-~-> 01:57:06 |do this to provide, provide what? Provide nesting. That's what women think
1268 |1267 |01:57:06 ~-~-> 01:57:10 |like. Okay, men are cavemen. We go out, we grab our club, we leave the cave,
1269 |1268 |01:57:10 ~-~-> 01:57:13 |rather than bonk something over the head and drag it back into the cave. And we
1270 |1269 |01:57:13 ~-~-> 01:57:17 |eat. We feed our families. Women don't think that way. They have to be much
1271 |1270 |01:57:17 ~-~-> 01:57:22 |more careful and calculated. So if they're going to be out there fending
1272 |1271 |01:57:22 ~-~-> 01:57:26 |for the family, they're going to do things in measured risk, and they're
1273 |1272 |01:57:26 ~-~-> 01:57:29 |going to be cautious, and they're not going to go out there and flash it and
1274 |1273 |01:57:29 ~-~-> 01:57:32 |say, Aha, look at I just caught and killed, and I'm going to have to get
1275 |1274 |01:57:32 ~-~-> 01:57:35 |back to my house and feed my kids. You're being much more prudent. And your
1276 |1275 |01:57:35 ~-~-> 01:57:41 |message, ma'am, was so perfectly illustrated of the very thing I've said
1277 |1276 |01:57:41 ~-~-> 01:57:47 |many times, and the men, they take odds at that, because they think that it's
1278 |1277 |01:57:47 ~-~-> 01:57:50 |supposed to be like football, like we're all supposed to like the same football
1279 |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
1280 |1279 |01:58:01 ~-~-> 01:58:07 |not a community. I'm an inner circle trader. I'm that person. And you take
1281 |1280 |01:58:07 ~-~-> 01:58:10 |this content and you make it yours, and you apply it to increase and build up
1282 |1281 |01:58:10 ~-~-> 01:58:15 |your your net worth, your legacy. You build a legacy for your family, a
1283 |1282 |01:58:15 ~-~-> 01:58:19 |network that your children can glean from. And
1284 |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
1285 |1284 |01:58:24 ~-~-> 01:58:27 |screenshot it and put in my community post, but I was like, if I do that,
1286 |1285 |01:58:27 ~-~-> 01:58:30 |number one, it's just going to open up another can of worms. I don't want
1287 |1286 |01:58:30 ~-~-> 01:58:34 |people going through your channel and then leaving your nasty comments because
1288 |1287 |01:58:35 ~-~-> 01:58:39 |they're jealous, okay, but just know that I read your comment, and I get a
1289 |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
1290 |1289 |01:58:45 ~-~-> 01:58:51 |ladies, because sometimes how I talk, it's, it's almost like locker room,
1291 |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
1292 |1291 |01:58:55 ~-~-> 01:58:58 |if you noticed it or not, because when I ended the stream yesterday, I told the
1293 |1292 |01:58:58 ~-~-> 01:59:02 |Lord, before I started yesterday, I was like, try to keep me from cursing like,
1294 |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
1295 |1294 |01:59:08 ~-~-> 01:59:12 |spectrum, I get a little imbalanced in one direction or the other, and then
1296 |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
1297 |1296 |01:59:16 ~-~-> 01:59:19 |in my recordings, even in the videos that you watch later on that were pre
1298 |1297 |01:59:19 ~-~-> 01:59:23 |recorded. I'm always talking like that, because I get animated, and then I go
1299 |1298 |01:59:23 ~-~-> 01:59:27 |back and I say, Okay, I mean, say that again, but I entered that part out. But
1300 |1299 |01:59:27 ~-~-> 01:59:30 |when I'm live like this, you shouldn't be listening to me or watching me when
1301 |1300 |01:59:30 ~-~-> 01:59:33 |you're around your kids, because I'm probably going to say something that I
1302 |1301 |01:59:33 ~-~-> 01:59:37 |wouldn't want younger children like I have my niece, my young niece, living
1303 |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
1304 |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.
1305 |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
1306 |1305 |01:59:54 ~-~-> 01:59:59 |don't usually use this language, unless I'm talking about trading, I can go all
1307 |1306 |01:59:59 ~-~-> 02:00:03 |day. Long if I'm not talking about trading, I'll rarely ever use these
1308 |1307 |02:00:03 ~-~-> 02:00:09 |types of words, but because it taps into a time that's very primal for me, where
1309 |1308 |02:00:09 ~-~-> 02:00:13 |I had to struggle to get to this level of understanding, and it had to go
1310 |1309 |02:00:13 ~-~-> 02:00:18 |through a lot of hardships, and it wasn't easy for me. So I feel like, you
1311 |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
1312 |1311 |02:00:24 ~-~-> 02:00:29 |to do this without doing that stuff. And the ladies, the women in my community,
1313 |1312 |02:00:29 ~-~-> 02:00:33 |they tend to listen better than the men, and they go through the motions of
1314 |1313 |02:00:34 ~-~-> 02:00:38 |identifying when I'm talking about where things are problematic, where they were
1315 |1314 |02:00:38 ~-~-> 02:00:43 |problematic. For me, it resonates with them, because they don't try to hide
1316 |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
1317 |1316 |02:00:48 ~-~-> 02:00:53 |view it as telling me it's a weakness, and therefore they expect to feel on the
1318 |1317 |02:00:53 ~-~-> 02:00:59 |basis of that. They say, this is a weakness. How can I? How can I cope or
1319 |1318 |02:00:59 ~-~-> 02:01:02 |overcome that or replace it with something else. And that's the reason
1320 |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
1321 |1320 |02:01:05 ~-~-> 02:01:10 |something technically, because having something technically in the chart
1322 |1321 |02:01:10 ~-~-> 02:01:15 |doesn't necessarily mean that you're equipped to do anything with it. And
1323 |1322 |02:01:16 ~-~-> 02:01:19 |then what happens if it doesn't work out in your hands? What are you left with?
1324 |1323 |02:01:20 ~-~-> 02:01:26 |You have to, you have to resolve that some way, shape or form, and what are
1325 |1324 |02:01:26 ~-~-> 02:01:31 |you going to lean on? Your emotions, your frustration, as I was talking about
1326 |1325 |02:01:31 ~-~-> 02:01:36 |yesterday. So anyway, I felt like I want to toss that in there, because I get a
1327 |1326 |02:01:36 ~-~-> 02:01:43 |lot of comments, and 98% of them are either saying thank you this is
1328 |1327 |02:01:43 ~-~-> 02:01:49 |happening, or telling me what they've already learned and they're appreciative
1329 |1328 |02:01:49 ~-~-> 02:01:55 |of it. The other portion is, why isn't there any comments and or can you do
1330 |1329 |02:01:55 ~-~-> 02:02:00 |Forex? And I told you I would mention and talk about forex one time, but it's
1331 |1330 |02:02:00 ~-~-> 02:02:03 |going to be towards the end. Okay, I'm not interested in trading Forex, but I
1332 |1331 |02:02:03 ~-~-> 02:02:08 |know a lot of you are only trading the asset class. These things still work
1333 |1332 |02:02:08 ~-~-> 02:02:11 |there, too. So don't think that it's just the one trick pony, my stuff,
1334 |1333 |02:02:11 ~-~-> 02:02:15 |unless I tell you specifically during them the lecture point that it's only
1335 |1334 |02:02:15 ~-~-> 02:02:20 |specific to one asset class. It's universal. So just, just think about it
1336 |1335 |02:02:20 ~-~-> 02:02:24 |as its time and price and price is price doesn't matter what we're dealing with.
1337 |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
1338 |1337 |02:02:27 ~-~-> 02:02:32 |everything is algorithmic. I'm just not convinced that crypto is running on the
1339 |1338 |02:02:32 ~-~-> 02:02:39 |same wavelength. Let's put it that way. All right. So anyway, what you can do is
1340 |1339 |02:02:39 ~-~-> 02:02:44 |you can screenshot where we talked about this level in here, and it created that
1341 |1340 |02:02:44 ~-~-> 02:02:49 |little, tiny, institutional order flow entry drill. So in your notes you want
1342 |1341 |02:02:49 ~-~-> 02:02:57 |to have, whenever is a fair value gap like that, that low, all it takes is
1343 |1342 |02:02:57 ~-~-> 02:03:01 |trading one tick below that and that, when it does that, when it does that,
1344 |1343 |02:03:01 ~-~-> 02:03:05 |that's an institution order for entry drill. How would you use institutional
1345 |1344 |02:03:05 ~-~-> 02:03:10 |order flow entry drill as an entry Well, when you anticipate a gap staying open,
1346 |1345 |02:03:10 ~-~-> 02:03:15 |but you think it may trade higher, in this case, train you trading up to this
1347 |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
1348 |1347 |02:03:19 ~-~-> 02:03:22 |stay open. That means I don't want to see the difference between this camp.
1349 |1348 |02:03:22 ~-~-> 02:03:26 |Between this candles high and that candles low. I don't want to see it
1350 |1349 |02:03:26 ~-~-> 02:03:31 |trade down like this. In other words, I don't want to see this type of thing.
1351 |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
1352 |1351 |02:03:42 ~-~-> 02:03:50 |like come down and completely laid over top of that, that lower level line. I
1353 |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
1354 |1353 |02:03:55 ~-~-> 02:03:59 |trade down to the halfway point, which is consequent crochet. But I don't want
1355 |1354 |02:03:59 ~-~-> 02:04:03 |to see it trade all the way down into it. So if I ever am watching price
1356 |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,
1357 |1356 |02:04:07 ~-~-> 02:04:12 |where I'll say, I want to see this remain unfilled or left open. It's
1358 |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
1359 |1358 |02:04:16 ~-~-> 02:04:19 |say this, this is where you write this stuff down in your your notes hooks,
1360 |1359 |02:04:20 ~-~-> 02:04:24 |because you'll you'll hear me say it again. But for the folks that are
1361 |1360 |02:04:24 ~-~-> 02:04:28 |watching me do this for the first time, and they record it, and then they hear
1362 |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
1363 |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
1364 |1363 |02:04:39 ~-~-> 02:04:44 |the time. But there are times where I want to see it close in, because I want
1365 |1364 |02:04:44 ~-~-> 02:04:50 |to see it fail. That's something for your notes too. The inefficiencies that
1366 |1365 |02:04:50 ~-~-> 02:04:56 |stay open are going to act like real support or resistance, because this is
1367 |1366 |02:04:56 ~-~-> 02:05:02 |acting as a breakaway gap. I. Why should I expect this? I know you're thinking,
1368 |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?
1369 |1368 |02:05:06 ~-~-> 02:05:11 |Because I get this question so many times, and even in the lectures, when I
1370 |1369 |02:05:11 ~-~-> 02:05:16 |talk about it like I'm doing here, I will still see I almost said something
1371 |1370 |02:05:16 ~-~-> 02:05:20 |rude. Now I probably will. I'm going to publicly shame you. I'm going to
1372 |1371 |02:05:20 ~-~-> 02:05:24 |screenshot it and putting that you're going to do it now because you want your
1373 |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
1374 |1373 |02:05:27 ~-~-> 02:05:31 |and show you that you're asking something I talked about in the very
1375 |1374 |02:05:31 ~-~-> 02:05:34 |lecture when I talked about the very thing you're mentioning, a concern about
1376 |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
1377 |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
1378 |1377 |02:05:47 ~-~-> 02:05:53 |don't know when to do that. Most, most everybody would probably raise their
1379 |1378 |02:05:53 ~-~-> 02:05:57 |hand. And I get that same type of thing in the comment section, they'll say, how
1380 |1379 |02:05:57 ~-~-> 02:06:01 |do you know that that fair value gap doesn't or won't likely close in. Like,
1381 |1380 |02:06:01 ~-~-> 02:06:07 |what gives you that, that discernment, What makes you say that, that you can
1382 |1381 |02:06:07 ~-~-> 02:06:13 |trust that? Well, we've consolidated like this here, and my attention was
1383 |1382 |02:06:13 ~-~-> 02:06:17 |around this level here, not enough to take a trade, but I wanted to see, does
1384 |1383 |02:06:17 ~-~-> 02:06:21 |it repel this and start to break down before I go any further on that, if it
1385 |1384 |02:06:21 ~-~-> 02:06:24 |would have started the breakdown, I would have dropped down into a 15 second
1386 |1385 |02:06:24 ~-~-> 02:06:28 |chart, use the fair value gap and outline that down into the level I was
1387 |1386 |02:06:28 ~-~-> 02:06:35 |looking for over here and then here. But it didn't give me that retrace back to
1388 |1387 |02:06:35 ~-~-> 02:06:38 |and break down, because we're looking at on a one minute chart. Then I could drop
1389 |1388 |02:06:38 ~-~-> 02:06:42 |down to a 15 second chart and use that and teach on the price delivery
1390 |1389 |02:06:42 ~-~-> 02:06:48 |continuum theory. So all that means is, it sounds like mumbo jumbo, but it's
1391 |1390 |02:06:48 ~-~-> 02:06:53 |basically understanding one time frame and then breaking that run that you see
1392 |1391 |02:06:53 ~-~-> 02:06:57 |beginning on one higher time frame, in this case the one minute chart, I can
1393 |1392 |02:06:57 ~-~-> 02:07:02 |drop down to a 32nd a 15 second, a five second chart, and find multiple entries
1394 |1393 |02:07:02 ~-~-> 02:07:07 |in that delivery. While that price run is unfolding, you're getting lots of
1395 |1394 |02:07:07 ~-~-> 02:07:10 |opportunities to get involved in that move and still not technically be
1396 |1395 |02:07:10 ~-~-> 02:07:14 |chasing the marketplace. But there's a threshold at which you gotta stop. And
1397 |1396 |02:07:14 ~-~-> 02:07:20 |if you've seen my lesson on pyramiding, when to stop adding to the trade and
1398 |1397 |02:07:20 ~-~-> 02:07:25 |making it larger. It's the same premise there. Okay, so you'll see me teach on
1399 |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
1400 |1399 |02:07:28 ~-~-> 02:07:31 |to be too redundant. But there's enough redundancy here to prove that it's the
1401 |1400 |02:07:31 ~-~-> 02:07:37 |repeating phenomenon in logic. But why did I talk about this thing open before
1402 |1401 |02:07:37 ~-~-> 02:07:42 |going up into this area here? Because we've traded above the consolidation.
1403 |1402 |02:07:42 ~-~-> 02:07:47 |All of this right here, let me. Let me do it like this, all this price action
1404 |1403 |02:07:47 ~-~-> 02:07:47 |here,
1405 |1404 |02:07:53 ~-~-> 02:08:01 |we've traded higher since 930 here, up, back down. Trade higher, consolidating.
1406 |1405 |02:08:01 ~-~-> 02:08:06 |Okay? I don't like these kind of days, and I would rather wait for more
1407 |1406 |02:08:06 ~-~-> 02:08:10 |information or do nothing, because on a day that's showing me that it's not
1408 |1407 |02:08:10 ~-~-> 02:08:16 |trying to gyrate around too much. It's small and compressed. It's a lot of
1409 |1408 |02:08:18 ~-~-> 02:08:23 |stagnant price action, whereas when it does finally move here outside of that
1410 |1409 |02:08:23 ~-~-> 02:08:30 |range, we had the stops below here taken out, as I mentioned, and then we traded
1411 |1410 |02:08:30 ~-~-> 02:08:35 |above the high. Okay, wonderful. Once it does that, that means we left this
1412 |1411 |02:08:35 ~-~-> 02:08:41 |consolidation. Did we lead the consolidation after a stop hunt? Yes. So
1413 |1412 |02:08:41 ~-~-> 02:08:45 |that means, once we're outside of this range, and if we have a fair value gap,
1414 |1413 |02:08:45 ~-~-> 02:08:54 |those tend to be left open. So what does that mean? You can feel not today, not
1415 |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
1416 |1415 |02:08:57 ~-~-> 02:09:00 |where there hasn't been a big PPI number, CPI number or something that
1417 |1416 |02:09:00 ~-~-> 02:09:04 |effect where we move outside of a range, and we have the same element here. This
1418 |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
1419 |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
1420 |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
1421 |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
1422 |1421 |02:09:20 ~-~-> 02:09:25 |time, if it's something like this, and you anticipate them staying open, and
1423 |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
1424 |1423 |02:09:30 ~-~-> 02:09:36 |this candlesticks low your limit order right at that candle sticks low because
1425 |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
1426 |1425 |02:09:41 ~-~-> 02:09:45 |your your target. Now this is like a bread and butter type setup where it's
1427 |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
1428 |1427 |02:09:48 ~-~-> 02:09:51 |did trade all the way to the top of that volume and balance on the daily chart.
1429 |1428 |02:09:53 ~-~-> 02:09:58 |So this one for your purposes and exercise of logging it you want to make
1430 |1429 |02:09:58 ~-~-> 02:10:03 |sure your charts all. The way over the whole real estate of your chart. You
1431 |1430 |02:10:03 ~-~-> 02:10:06 |don't want to have your charts like this, Kayla, because if I start seeing
1432 |1431 |02:10:06 ~-~-> 02:10:10 |it, it's going to drive me nuts. The whole chart from the beginning of the
1433 |1432 |02:10:10 ~-~-> 02:10:15 |move down here to the target. And make sure your chart is really filled up. And
1434 |1433 |02:10:15 ~-~-> 02:10:18 |it's showing you a nice range that we can see the prices over here. And it
1435 |1434 |02:10:18 ~-~-> 02:10:23 |gives you lots of places where you can write and annotate. Okay, but when it's
1436 |1435 |02:10:23 ~-~-> 02:10:26 |open like this, you can use institutional order for entry drills,
1437 |1436 |02:10:26 ~-~-> 02:10:31 |which is a partial entry into a fair value gap that you believe strongly is
1438 |1437 |02:10:31 ~-~-> 02:10:38 |not likely to completely fill in. Now you will see these setups form and you
1439 |1438 |02:10:38 ~-~-> 02:10:42 |will enter with institutional order for entry drill as your entry model, just
1440 |1439 |02:10:42 ~-~-> 02:10:46 |like any other model, any other entry technique, okay, but it's a very
1441 |1440 |02:10:46 ~-~-> 02:10:53 |specific element of anticipating fair value gaps that you believe will not
1442 |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
1443 |1442 |02:10:59 ~-~-> 02:11:06 |many times in my examples, either audibly in like a review, or when we're
1444 |1443 |02:11:06 ~-~-> 02:11:09 |watching recordings or tape reading, you'll hear me say, I want to see this
1445 |1444 |02:11:09 ~-~-> 02:11:13 |stay open. When I was doing Twitter spaces and I was calling every
1446 |1445 |02:11:13 ~-~-> 02:11:18 |individual one minute candle, I'd say, note candle at 10:47am, one minute
1447 |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
1448 |1447 |02:11:26 ~-~-> 02:11:30 |unfilled. That's the equivalent of me saying when we were watching it live
1449 |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.
1450 |1449 |02:11:34 ~-~-> 02:11:40 |And it doesn't okay. That proves there's logic there. It means there's something
1451 |1450 |02:11:40 ~-~-> 02:11:45 |behind what price is doing that's causing me to say those things. It's not
1452 |1451 |02:11:45 ~-~-> 02:11:49 |me just pulling shit out of my ass and just saying, hey, you know I talk and
1453 |1452 |02:11:49 ~-~-> 02:11:54 |hear myself talk. I'm drawing your attention to something that I know, with
1454 |1453 |02:11:54 ~-~-> 02:12:01 |experience will most likely present this, okay, contrast that with all of
1455 |1454 |02:12:01 ~-~-> 02:12:06 |everything else that was going on prior during the beginning of the stream, I
1456 |1455 |02:12:06 ~-~-> 02:12:11 |was in observation mode. I want to see this. I want to see that, because if it
1457 |1456 |02:12:11 ~-~-> 02:12:15 |does this, then I'll have more information. I have no hard line fast.
1458 |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
1459 |1458 |02:12:19 ~-~-> 02:12:23 |stay open and we're going to likely draw up in the net daily volume and balance.
1460 |1459 |02:12:23 ~-~-> 02:12:27 |Is it something I'm going to trade? No, I'm not interested in being long. But
1461 |1460 |02:12:27 ~-~-> 02:12:32 |ICT, it's moved up 3040, handles by now. Why didn't you take the trade? Because
1462 |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
1463 |1462 |02:12:38 ~-~-> 02:12:44 |can make all the points and handles I want just on Friday and not do anything
1464 |1463 |02:12:44 ~-~-> 02:12:50 |today, tomorrow or Thursday. That's the benefit of knowing that this stuff
1465 |1464 |02:12:50 ~-~-> 02:12:56 |repeats. You don't have that you think that every time there is something for
1466 |1465 |02:12:56 ~-~-> 02:13:00 |me in price action, and I'm talking about it live, something happens in your
1467 |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
1468 |1467 |02:13:04 ~-~-> 02:13:08 |only time that I have the opportunity to use this information. And I need to, I
1469 |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
1470 |1469 |02:13:12 ~-~-> 02:13:15 |stop loss, because you think that there's nothing else ever going to
1471 |1470 |02:13:15 ~-~-> 02:13:19 |repeat in this, like this is the only opportunity, and the way you get past
1472 |1471 |02:13:19 ~-~-> 02:13:25 |that is doing what we're doing here, like if, if you stopped watching the
1473 |1472 |02:13:25 ~-~-> 02:13:29 |stream, you come back later on, because, you know, you don't see any value in
1474 |1473 |02:13:29 ~-~-> 02:13:34 |this. You clearly are not ready to learn. You're not because this is the
1475 |1474 |02:13:34 ~-~-> 02:13:40 |part that everybody has to do with me. And I forced my paid students, our live
1476 |1475 |02:13:40 ~-~-> 02:13:44 |streams, or my live stream that I was dealing with them was me doing this with
1477 |1476 |02:13:44 ~-~-> 02:13:52 |them. In the first the first group of individuals I had people quit to the
1478 |1477 |02:13:52 ~-~-> 02:13:58 |tune of like 150 people in the first 60 days because they wanted a signal
1479 |1478 |02:13:58 ~-~-> 02:14:01 |service. When I told them there wasn't a signal service. I'm going to show you
1480 |1479 |02:14:01 ~-~-> 02:14:05 |characteristics in price action, and I want you to log them, and you're going
1481 |1480 |02:14:05 ~-~-> 02:14:10 |to see over time, certain things tend to repeat. And the things I'm referring to
1482 |1481 |02:14:10 ~-~-> 02:14:14 |in price action, you're going to identify on a personal level that it
1483 |1482 |02:14:14 ~-~-> 02:14:21 |makes sense to you, where other things you may not be all that interested in,
1484 |1483 |02:14:21 ~-~-> 02:14:27 |and you filter those things out, and you work on whatever PD array, what specific
1485 |1484 |02:14:27 ~-~-> 02:14:32 |principle of the price action that you see that is obvious to you, it's jumping
1486 |1485 |02:14:32 ~-~-> 02:14:39 |off the chart. That means that your concern is around that very function in
1487 |1486 |02:14:39 ~-~-> 02:14:44 |price delivery, and that is the beginning foundation to your model, your
1488 |1487 |02:14:44 ~-~-> 02:14:49 |first model. It may not be the be all, end all that you retire yourself with.
1489 |1488 |02:14:49 ~-~-> 02:14:52 |It may not be the thing that you make the most money with. It just means that
1490 |1489 |02:14:52 ~-~-> 02:14:58 |that's your starting point. So I'm forcing Caleb into fair value gap,
1491 |1490 |02:14:58 ~-~-> 02:15:01 |because that's what I want to focus. So on, and it just makes it easy. Because
1492 |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
1493 |1492 |02:15:04 ~-~-> 02:15:12 |comfortable for me, and, you know, it's up to him to keep up, but for everyone
1494 |1493 |02:15:12 ~-~-> 02:15:17 |else outside of him, because he's my son, I can exercise the role of dad even
1495 |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
1496 |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
1497 |1496 |02:15:23 ~-~-> 02:15:29 |my way, and for everyone else, just default back to what I've said many
1498 |1497 |02:15:29 ~-~-> 02:15:35 |times in other lectures and mentorship teachings, is that I'm inviting you as
1499 |1498 |02:15:35 ~-~-> 02:15:40 |the viewer, as the student. When you come here, you're not paying for the
1500 |1499 |02:15:40 ~-~-> 02:15:45 |lessons you do have to listen to things that are important, and the main
1501 |1500 |02:15:45 ~-~-> 02:15:53 |takeaway is it's allowing you to find the best fit, technically, out of all
1502 |1501 |02:15:53 ~-~-> 02:15:58 |the things I teach, which one makes the most sense to you. Now, it doesn't
1503 |1502 |02:15:58 ~-~-> 02:16:03 |diminish the effectiveness or efficacy of any anything else that I use or
1504 |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
1505 |1504 |02:16:07 ~-~-> 02:16:10 |right to the point kind of what most people want me to do when I'm teaching.
1506 |1505 |02:16:10 ~-~-> 02:16:13 |If you comment and say, I talk too much, you know, I bring you in the comment
1507 |1506 |02:16:13 ~-~-> 02:16:16 |section too. I never get to see your comments ever again, because if you're
1508 |1507 |02:16:16 ~-~-> 02:16:20 |rude enough to say shit like that, you never get a chance to have my attention.
1509 |1508 |02:16:20 ~-~-> 02:16:30 |So for you, because I'm so interested in teaching you every facet to what it is
1510 |1509 |02:16:30 ~-~-> 02:16:34 |going on the chart and how to focus in on what you should be doing
1511 |1510 |02:16:34 ~-~-> 02:16:40 |individually, but me having no impact on that. You have to determine what it is
1512 |1511 |02:16:40 ~-~-> 02:16:43 |that you like, I'm going to walk you through this price run and show you how
1513 |1512 |02:16:43 ~-~-> 02:16:46 |many examples there are that you could arrive at. So that kind of gives you,
1514 |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
1515 |1514 |02:16:49 ~-~-> 02:16:56 |going to start doing those things and start seeing, or start seeing the the
1516 |1515 |02:16:56 ~-~-> 02:17:00 |gravitation towards one PD array. Don't try to force yourself into it because I
1517 |1516 |02:17:00 ~-~-> 02:17:04 |said I'm forcing Caleb in it, so therefore that's the secret sauce. No,
1518 |1517 |02:17:04 ~-~-> 02:17:09 |you might be doing something entirely different, and I'll show you what I mean
1519 |1518 |02:17:09 ~-~-> 02:17:14 |in a moment. But for the sake of the discussion, you want to be able to
1520 |1519 |02:17:15 ~-~-> 02:17:21 |present yourself with that opportunity for you to pick what it is that you see
1521 |1520 |02:17:21 ~-~-> 02:17:26 |by nature, by the very fact that you're watching price action, and I'm
1522 |1521 |02:17:26 ~-~-> 02:17:29 |commenting on it, and this is what I think the price is going to do, and this
1523 |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
1524 |1523 |02:17:34 ~-~-> 02:17:41 |specific level. And if you see something that I teach as a PD array, I'm probably
1525 |1524 |02:17:41 ~-~-> 02:17:45 |not going to key up a whole lot of interest around it, because I'm forcing
1526 |1525 |02:17:45 ~-~-> 02:17:51 |Caleb to look at the gap. Hence, this one running to here. That's that from
1527 |1526 |02:17:51 ~-~-> 02:17:51 |here
1528 |1527 |02:17:53 ~-~-> 02:18:00 |to here. That's all I would expect for Caleb. That's it. And we waited until
1529 |1528 |02:18:01 ~-~-> 02:18:07 |1052 which is inside the macro for 11 o'clock. 1050, to 1110, there's going to
1530 |1529 |02:18:07 ~-~-> 02:18:12 |be a run on liquidity or run to inefficiency. I'll walk you through that
1531 |1530 |02:18:12 ~-~-> 02:18:18 |macro before I close this one. But the the idea is, you want to see what, where
1532 |1531 |02:18:18 ~-~-> 02:18:24 |does your attention jump to, even if I'm talking about price action, I'm
1533 |1532 |02:18:24 ~-~-> 02:18:29 |referring to something your attention may go and go right to something else
1534 |1533 |02:18:29 ~-~-> 02:18:35 |that I teach like it's an order block, a stop run like here institutional
1535 |1534 |02:18:35 ~-~-> 02:18:40 |orphanage drill for students of mine that know what An institutional or
1536 |1535 |02:18:40 ~-~-> 02:18:44 |financial drill is like my my private mentorship students. As soon as I
1537 |1536 |02:18:44 ~-~-> 02:18:47 |outlined the fair value gap, you're, you're probably, you probably already
1538 |1537 |02:18:47 ~-~-> 02:18:51 |saw that before I even started mentioning it. But anytime I say a fair
1539 |1538 |02:18:51 ~-~-> 02:18:56 |value gap that or an imbalance, should stay open. What I'm saying is this, this
1540 |1539 |02:18:56 ~-~-> 02:19:00 |is for your notes. If it's something that's acting as a premium array,
1541 |1540 |02:19:00 ~-~-> 02:19:04 |meaning that it's trading up to it, which was the opposite of this, because
1542 |1541 |02:19:04 ~-~-> 02:19:10 |we traded up and we're trading back down into it. The most sensitive area in that
1543 |1542 |02:19:10 ~-~-> 02:19:14 |fair value gap is going to be the midpoint to the high of it here, which
1544 |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
1545 |1544 |02:19:20 ~-~-> 02:19:24 |it, not staying completely open, and it trades down to the low it matters not
1546 |1545 |02:19:24 ~-~-> 02:19:29 |because I'm going to get filled either at that candle is low or just above the
1547 |1546 |02:19:29 ~-~-> 02:19:33 |consequent crochet or midpoint between the candles high here and the candles
1548 |1547 |02:19:33 ~-~-> 02:19:39 |low, so halfway in between my fill will always be in that area. I am never
1549 |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
1550 |1549 |02:19:46 ~-~-> 02:19:49 |market won't go down there, or if it goes down there, it won't fill me
1551 |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
1552 |1551 |02:19:55 ~-~-> 02:20:01 |with the low hanging fruit opportunities of entry the low resist. Sense barriers
1553 |1552 |02:20:01 ~-~-> 02:20:07 |to entry. That means the easiest one, that the spread won't be a factor for I
1554 |1553 |02:20:07 ~-~-> 02:20:11 |won't have to be perfect. I don't have to demand precision. Okay, to me, this
1555 |1554 |02:20:11 ~-~-> 02:20:18 |is precise enough, knowing that if, if I believe that this gap is going to stay
1556 |1555 |02:20:18 ~-~-> 02:20:22 |open in and have some measure of openness that are that's not completely
1557 |1556 |02:20:22 ~-~-> 02:20:26 |filled in. What am I saying by default? I'm saying that halfway between this
1558 |1557 |02:20:26 ~-~-> 02:20:33 |candle is low and this candle is high. Halfway point which is consequent
1559 |1558 |02:20:33 ~-~-> 02:20:37 |encroachment, it's going to go no lower than one tip below consequent
1560 |1559 |02:20:37 ~-~-> 02:20:44 |encroachment, meaning that I have to find a fill if I'm going to go long. At
1561 |1560 |02:20:44 ~-~-> 02:20:49 |that midpoint to this candle is low, there's nothing wrong with going one
1562 |1561 |02:20:49 ~-~-> 02:20:54 |tick as your limit order above this candle slow. Also, that really assures
1563 |1562 |02:20:54 ~-~-> 02:20:58 |that even if you just book this price low, chances are you're probably going
1564 |1563 |02:20:58 ~-~-> 02:21:01 |to get a fill. Worst case scenario, if it goes one tick below it, then you
1565 |1564 |02:21:01 ~-~-> 02:21:06 |should have no problem getting filled. But I've been in the market with real
1566 |1565 |02:21:06 ~-~-> 02:21:12 |accounts, with limit orders where the market has spread two ticks beyond my
1567 |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
1568 |1567 |02:21:18 ~-~-> 02:21:22 |guarantee that you're going to get in, which is why I always try to use and
1569 |1568 |02:21:22 ~-~-> 02:21:26 |teach low hanging fruit objectives for targets. And the same thing happens for
1570 |1569 |02:21:26 ~-~-> 02:21:33 |entries. We're looking for the lowest resistance and or barrier to getting in
1571 |1570 |02:21:33 ~-~-> 02:21:39 |trade. So what's if we believe that this is going to stay open? Caleb, where
1572 |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
1573 |1572 |02:21:42 ~-~-> 02:21:49 |this volume and bounces I outlined before it traded there, is it going to
1574 |1573 |02:21:49 ~-~-> 02:21:53 |be you're using that low as your limit order. Are you going to use one tick
1575 |1574 |02:21:53 ~-~-> 02:21:58 |above it and just feel comfortable with absorbing any of that extra draw down,
1576 |1575 |02:21:59 ~-~-> 02:22:02 |being willing to see it trade down to the low, because it could spike down
1577 |1576 |02:22:02 ~-~-> 02:22:08 |here and do that and still, still trade up there. But your stop has to be below
1578 |1577 |02:22:08 ~-~-> 02:22:13 |this, candles high. So the risk is defined by, okay, let's say like this.
1579 |1578 |02:22:14 ~-~-> 02:22:17 |Look at this value up here. Okay, right above where I'm showing you my cursor,
1580 |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
1581 |1580 |02:22:27 ~-~-> 02:22:32 |books at 931 even on that candle, as soon as it does that, it should fill
1582 |1581 |02:22:32 ~-~-> 02:22:37 |you. But it might not that low comes in at 929, even you're getting filled.
1583 |1582 |02:22:37 ~-~-> 02:22:44 |You're literally giving it five ticks. You know of or No? Was it more than
1584 |1583 |02:22:44 ~-~-> 02:22:50 |that? 31 nine ticks. You got nine ticks, four ticks makes up a handle. So it's
1585 |1584 |02:22:50 ~-~-> 02:22:56 |nine ticks traversing in price. So you're absolutely getting in there. So
1586 |1585 |02:22:56 ~-~-> 02:23:02 |what is a low resistance, barrier entry approach to using that institutional
1587 |1586 |02:23:02 ~-~-> 02:23:06 |order for entry drill. That sounds like a whole lot of stuff. Sounds technical,
1588 |1587 |02:23:06 ~-~-> 02:23:09 |doesn't it? Technical science? How about that? Anton Creole, we're not talking
1589 |1588 |02:23:09 ~-~-> 02:23:13 |about technical science. You might not be talking about that over in Goldman
1590 |1589 |02:23:13 ~-~-> 02:23:19 |Sachs, baby, but over here, it's technical science, okay, but I can't
1591 |1590 |02:23:19 ~-~-> 02:23:24 |believe we just talked about Anton. He's my hero. So this entry model here, you
1592 |1591 |02:23:24 ~-~-> 02:23:31 |have to anticipate, expect and welcome and afford yourself the amount of
1593 |1592 |02:23:31 ~-~-> 02:23:35 |drawdown that could take place, because it could come down here and touch the
1594 |1593 |02:23:35 ~-~-> 02:23:39 |low of that. But in my mind, because I've been doing it long enough, and you
1595 |1594 |02:23:39 ~-~-> 02:23:45 |will discover this too over time, that the market is controlled
1596 |1595 |02:23:45 ~-~-> 02:23:52 |algorithmically. And because of that, these types of events are true if you're
1597 |1596 |02:23:52 ~-~-> 02:23:56 |correct. And this is just go back on that for a second. No matter how you
1598 |1597 |02:23:56 ~-~-> 02:24:03 |trade, before you enter a trade, you have a religion. You have a faith based
1599 |1598 |02:24:03 ~-~-> 02:24:08 |model that what you're pressing the button on. You have faith that it's
1600 |1599 |02:24:08 ~-~-> 02:24:14 |going to do something because you believe it will okay. I don't have blind
1601 |1600 |02:24:14 ~-~-> 02:24:22 |faith. I have data. I have statistical probabilities that over 30 years, I've
1602 |1601 |02:24:22 ~-~-> 02:24:27 |noticed these observations tend to be more apt to be correct than they're not.
1603 |1602 |02:24:28 ~-~-> 02:24:33 |And I've transferred this information and logic and process and guidance to
1604 |1603 |02:24:33 ~-~-> 02:24:35 |other people all around the world in different walks of life, and they are
1605 |1604 |02:24:35 ~-~-> 02:24:39 |able to take this information and make money with it, because it repeats. Okay,
1606 |1605 |02:24:39 ~-~-> 02:24:44 |so if the markets are not algorithmic, then how do you explain that these are
1607 |1606 |02:24:44 ~-~-> 02:24:49 |very specific elements? Nobody. Chris Lord didn't talk about this. The guy he
1608 |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
1609 |1608 |02:24:56 ~-~-> 02:25:01 |now with my name and logo all over it. You. Reading everything I talked about
1610 |1609 |02:25:01 ~-~-> 02:25:04 |in lectures like this one, a lot of things I said in this one, we're going
1611 |1610 |02:25:04 ~-~-> 02:25:06 |to be in books on Amazon, but it's probably going to be one of the better
1612 |1611 |02:25:06 ~-~-> 02:25:10 |books, because if they do it verbatim, you're going to have a really good
1613 |1612 |02:25:10 ~-~-> 02:25:14 |psychological book. But that's it. He just gave me the permission to write a
1614 |1613 |02:25:14 ~-~-> 02:25:22 |psychology book, IGT, psychology, whatever the lower portion of that gap,
1615 |1614 |02:25:23 ~-~-> 02:25:26 |I'm not interested in seeing it trade down there. But guess what I'm doing?
1616 |1615 |02:25:26 ~-~-> 02:25:31 |I'm affording myself the flexibility. Should it do? So it would not freak me
1617 |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
1618 |1617 |02:25:37 ~-~-> 02:25:41 |determine if he's going to use the low of that candle when there's a likelihood
1619 |1618 |02:25:41 ~-~-> 02:25:46 |of a gap not filling, and it trades down into it, okay, the best fills are going
1620 |1619 |02:25:46 ~-~-> 02:25:50 |to occur at the midpoint, which is consequence crochet to the high of that
1621 |1620 |02:25:50 ~-~-> 02:25:56 |gap, and the least probable fill is going to be in the lower half, because
1622 |1621 |02:25:56 ~-~-> 02:26:00 |you're probably not going to get filled. Why? Because this gap formed after
1623 |1622 |02:26:00 ~-~-> 02:26:09 |leaving this consolidation. So therefore this gap should behave. It should behave
1624 |1623 |02:26:09 ~-~-> 02:26:14 |as a breakaway gap. It's breaking away from this consolidation. See, but the
1625 |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
1626 |1625 |02:26:19 ~-~-> 02:26:23 |in because I'm drawing rectangles and over certain specific candles, and it's
1627 |1626 |02:26:23 ~-~-> 02:26:26 |not supply and demand, because supply and demand is a fucking myth, unless
1628 |1627 |02:26:26 ~-~-> 02:26:29 |we're talking about commodities, because that's a real thing. That's a grocery
1629 |1628 |02:26:29 ~-~-> 02:26:32 |store of the world, there's real supply and demand factors in that market, but
1630 |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
1631 |1630 |02:26:38 ~-~-> 02:26:43 |controlled. Now, I guess to some degree, commodities are controlled too, but
1632 |1631 |02:26:44 ~-~-> 02:26:49 |there's real supply and demand factors with commodities. There's really no need
1633 |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
1634 |1633 |02:26:53 ~-~-> 02:26:58 |perceived form of of money, but that's getting ready to be zero too. You know
1635 |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
1636 |1635 |02:27:00 ~-~-> 02:27:03 |coming back soon when he does your silver and gold is going to be cast in
1637 |1636 |02:27:03 ~-~-> 02:27:08 |the street, because it's not going to save anybody wealth. Wealthy people in
1638 |1637 |02:27:08 ~-~-> 02:27:12 |the last days are not going to be comfortable. They're not okay. That's
1639 |1638 |02:27:12 ~-~-> 02:27:18 |why I plan not to be here. So watch my personal YouTube channel if you don't
1640 |1639 |02:27:18 ~-~-> 02:27:23 |want to know more about that. But this leaving of that consolidation, you're
1641 |1640 |02:27:23 ~-~-> 02:27:26 |breaking away from that if it's not supply and demand that people say I'm
1642 |1641 |02:27:26 ~-~-> 02:27:31 |trading with, they're saying that I'm trading support and resistance. So if
1643 |1642 |02:27:31 ~-~-> 02:27:34 |this is the resistance here, why didn't it come back down and touch it? Because
1644 |1643 |02:27:35 ~-~-> 02:27:39 |it's not support and resistance that makes markets go up and down, the
1645 |1644 |02:27:39 ~-~-> 02:27:43 |elements of this inefficiency. Identifying it, as I mentioned, in the
1646 |1645 |02:27:43 ~-~-> 02:27:46 |live stream, it'll you'll be able to record, not record, you'll be able to
1647 |1646 |02:27:46 ~-~-> 02:27:49 |rewind the stream when it's done, when, when the sessions ended,
1648 |1647 |02:27:51 ~-~-> 02:27:55 |within five minutes or so. Usually have to grab a drink or something. Then I'll
1649 |1648 |02:27:55 ~-~-> 02:28:00 |go into the settings and I'll add it to the playlist for 2024 mentorship, if
1650 |1649 |02:28:00 ~-~-> 02:28:09 |you, if you have bookmarked the playlist every day when the live streams done,
1651 |1650 |02:28:09 ~-~-> 02:28:13 |you can find that live stream that was made that day in the playlist in the
1652 |1651 |02:28:13 ~-~-> 02:28:17 |order of their new production. So that way you can go back and listen to
1653 |1652 |02:28:17 ~-~-> 02:28:22 |everything and do all your note taking. What not but the breakaway gaps, okay,
1654 |1653 |02:28:22 ~-~-> 02:28:27 |when I'm when I'm referring to anything like this, where it's not likely to
1655 |1654 |02:28:27 ~-~-> 02:28:32 |fill, that's your key. That's your like, okay. That means institutional order,
1656 |1655 |02:28:32 ~-~-> 02:28:40 |flow entry, Joe, okay, unless I say that this gap should stay open or unfilled.
1657 |1656 |02:28:42 ~-~-> 02:28:47 |You're never looking at institutional order entry. That's not the go to. Now
1658 |1657 |02:28:48 ~-~-> 02:28:53 |let me, let me back pedal just a little bit for the folks that like this idea,
1659 |1658 |02:28:53 ~-~-> 02:28:56 |because you might think, Okay, well, I'm going to use that as my entry technique,
1660 |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
1661 |1660 |02:29:02 ~-~-> 02:29:08 |open. There's nothing wrong with that, per se, if that's your entry model, if
1662 |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
1663 |1662 |02:29:13 ~-~-> 02:29:18 |wider. I will use institutional order for entry drill as my first entry six
1664 |1663 |02:29:18 ~-~-> 02:29:22 |contracts long, and it may dig down into consequent encouragement, or the upper
1665 |1664 |02:29:22 ~-~-> 02:29:26 |quadrant, and then I'll add four more. And then, if I really like what it's
1666 |1665 |02:29:26 ~-~-> 02:29:32 |doing in there, or if we enter in between, like, say it like this. Say it
1667 |1666 |02:29:32 ~-~-> 02:29:42 |goes in at 1047 say this time was 1047 and then at 1049 it went down into
1668 |1667 |02:29:42 ~-~-> 02:29:50 |consequent encroachment. And then at 1051 it trades down into one tick below
1669 |1668 |02:29:50 ~-~-> 02:29:54 |consequent encroachment. I'll add five contracts on that one, even though I'm
1670 |1669 |02:29:54 ~-~-> 02:29:58 |underwater a little bit on the six contracts and underwater maybe a tick or
1671 |1670 |02:29:58 ~-~-> 02:30:02 |two on the the trade. That I added four on, that would be 10 contracts. Then I
1672 |1671 |02:30:02 ~-~-> 02:30:06 |can go in with a five watt when it goes to one tick below consequent
1673 |1672 |02:30:06 ~-~-> 02:30:10 |encroachment, with the same assumptions that this lower portion is going to stay
1674 |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
1675 |1674 |02:30:15 ~-~-> 02:30:20 |to do that with one particular funded account company like you can't add they
1676 |1675 |02:30:20 ~-~-> 02:30:27 |call that averaging in, and it's just building your position you can you can
1677 |1676 |02:30:27 ~-~-> 02:30:34 |avoid that by just simply not doing this type of trading. Just do one entry, use
1678 |1677 |02:30:34 ~-~-> 02:30:40 |your institutional order entry drill as your only entry, and then add your trade
1679 |1678 |02:30:40 ~-~-> 02:30:46 |pyramiding in at a higher place. Okay, like this order block here, this order
1680 |1679 |02:30:46 ~-~-> 02:30:52 |block and fair value gap here, you know, all, all those subsequent, later and
1681 |1680 |02:30:52 ~-~-> 02:30:57 |higher PD arrays. You can participate with that particular fund. You know what
1682 |1681 |02:30:57 ~-~-> 02:31:00 |I'm saying, what company it is? I'm not going to mention them here, because I
1683 |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
1684 |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.
1685 |1684 |02:31:06 ~-~-> 02:31:10 |Okay, so it's not that I'm trying to funnel anybody there. That's not the
1686 |1685 |02:31:10 ~-~-> 02:31:14 |point. But I'm sure they're probably tickled it. I'll keep mentioning them,
1687 |1686 |02:31:14 ~-~-> 02:31:20 |but you know, if he has a bad experience, you'll hear about it. So be
1688 |1687 |02:31:22 ~-~-> 02:31:26 |the institutional order flow entry drill, is more specific to when we like
1689 |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,
1690 |1689 |02:31:32 ~-~-> 02:31:35 |the underlying assumption is, is that you think that this is going to somehow
1691 |1690 |02:31:36 ~-~-> 02:31:41 |remain the lower half open? Okay, some portion of this gap between these two
1692 |1691 |02:31:41 ~-~-> 02:31:46 |candles isn't going to be completely overlapped with sell side delivery. That
1693 |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
1694 |1693 |02:31:51 ~-~-> 02:31:56 |that, okay, then you would be trading order blocks, okay? And that would be
1695 |1694 |02:31:56 ~-~-> 02:32:01 |this candle right there, and that candle right there, and that candle right
1696 |1695 |02:32:01 ~-~-> 02:32:06 |there, because all three of these candles are all one order block, meaning
1697 |1696 |02:32:06 ~-~-> 02:32:12 |that this order block is not just the last down closed candle before they run
1698 |1697 |02:32:13 ~-~-> 02:32:18 |up. These three consecutive candles are trading back down into this gap that has
1699 |1698 |02:32:18 ~-~-> 02:32:22 |already been primed to send price higher, and we're just getting one more
1700 |1699 |02:32:22 ~-~-> 02:32:27 |visit here, and then it trades above it, and it comes right back down and digs
1701 |1700 |02:32:27 ~-~-> 02:32:36 |into this entire range here. See that? So if you look at it like this, can you
1702 |1701 |02:32:36 ~-~-> 02:32:39 |tell I'm having fun today? I was supposed to get out of here at 1030 What
1703 |1702 |02:32:39 ~-~-> 02:32:43 |time is it? It's almost noon. I had some people complaining, can you make your
1704 |1703 |02:32:43 ~-~-> 02:32:48 |videos shorter? I can't watch all this. I can't help you. Man, go watch somebody
1705 |1704 |02:32:48 ~-~-> 02:32:51 |else. Go learn from someone. Go watch the five minute train of people. And
1706 |1705 |02:32:51 ~-~-> 02:32:58 |never make any money. Never learn how to do it. This, this open price, all part
1707 |1706 |02:32:58 ~-~-> 02:33:02 |of these consecutive candles. Okay, that open price is the change in the state of
1708 |1707 |02:33:02 ~-~-> 02:33:09 |delivery. That means the algorithm sees these three candles and goes right to
1709 |1708 |02:33:09 ~-~-> 02:33:14 |that opening price. What makes these three candles the order block is because
1710 |1709 |02:33:14 ~-~-> 02:33:19 |we have a fair value gap down here. The momentum is shifted higher. This should
1711 |1710 |02:33:19 ~-~-> 02:33:23 |stay open. Trades down and touches the top of it and starts to move higher away
1712 |1711 |02:33:23 ~-~-> 02:33:30 |from it. It does so Okay, when this candles, I'm sorry, this candles open
1713 |1712 |02:33:30 ~-~-> 02:33:37 |price when that is breached, that validates this order of law. Think about
1714 |1713 |02:33:37 ~-~-> 02:33:41 |what I taught you yesterday in the live stream, or how my entry mechanism was
1715 |1714 |02:33:41 ~-~-> 02:33:47 |for the initial entry in six contract short on NQ. The same logic is being
1716 |1715 |02:33:47 ~-~-> 02:33:53 |shown here, just reversing it. Now look at that opening price through all of
1717 |1716 |02:33:53 ~-~-> 02:33:59 |this back and forth price action. See that I'm not supply and demand. Okay? I
1718 |1717 |02:33:59 ~-~-> 02:34:02 |don't give a shit what anybody else says. Sam Sidon scene seems like a
1719 |1718 |02:34:02 ~-~-> 02:34:06 |pretty nice guy. The few video clips people sent to me said you took this via
1720 |1719 |02:34:06 ~-~-> 02:34:13 |bullshit. This is not supply and demand. I'm cutting through candles. I'm
1721 |1720 |02:34:13 ~-~-> 02:34:17 |labeling an order block based on a supporting PD array. It's not a be all
1722 |1721 |02:34:17 ~-~-> 02:34:21 |standalone type thing. It's never an order block. Is never an island of an of
1723 |1722 |02:34:21 ~-~-> 02:34:26 |unto itself. But when you watch these multi level marketing heads, okay, and
1724 |1723 |02:34:26 ~-~-> 02:34:32 |these 20 year olds that talk like me, they talk like me, and they promote
1725 |1724 |02:34:32 ~-~-> 02:34:35 |these ideas and understandings that are incomplete because they don't know what
1726 |1725 |02:34:35 ~-~-> 02:34:38 |the they're talking about. See, here we go again. Let me download back in.
1727 |1726 |02:34:39 ~-~-> 02:34:46 |Forgive me, Lord, I'm trying, I'm trying. I'm trying. When you have this
1728 |1727 |02:34:46 ~-~-> 02:34:53 |opening price, you want to extend that to the right and then study how price
1729 |1728 |02:34:53 ~-~-> 02:34:59 |respects and deals with it. The wicks are always allowed to do the damage.
1730 |1729 |02:34:59 ~-~-> 02:35:06 |But. Look what the bodies are doing. The bodies are staying in the upper half of
1731 |1730 |02:35:06 ~-~-> 02:35:09 |the bodies. The bodies tell you the narrative. Okay, so if you take that
1732 |1731 |02:35:09 ~-~-> 02:35:14 |range and still like this, let me, let me, let me make it a little bit taller
1733 |1732 |02:35:14 ~-~-> 02:35:19 |so you can see what I'm referring to. You're getting lessons on order blocks.
1734 |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
1735 |1734 |02:35:23 ~-~-> 02:35:30 |I'm doing. It's just I feel like teaching today. So we have the body on
1736 |1735 |02:35:30 ~-~-> 02:35:38 |the open, down to this close, on the lowest down, closed candle, that range.
1737 |1736 |02:35:39 ~-~-> 02:35:43 |Okay, that range is where the narrative is going to be seen. You're going to
1738 |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
1739 |1738 |02:35:47 ~-~-> 02:35:55 |show you right here. They're going to be present. Okay, extend that forward. The
1740 |1739 |02:35:55 ~-~-> 02:36:00 |body stops right there, at that open. But what does the wick do? Trades down
1741 |1740 |02:36:02 ~-~-> 02:36:06 |this candle is up close. It doesn't matter. It doesn't mean anything. This
1742 |1741 |02:36:06 ~-~-> 02:36:11 |candle trades down into the open, plus a ticker too, and then trades higher. Then
1743 |1742 |02:36:11 ~-~-> 02:36:16 |we trade down again. What is it doing? It sends the body into the upper half
1744 |1743 |02:36:16 ~-~-> 02:36:21 |between that candles open and this candle is closed. That red line. Look at
1745 |1744 |02:36:21 ~-~-> 02:36:26 |what's going on there. Where are the bodies of the candles? Any down, move
1746 |1745 |02:36:26 ~-~-> 02:36:31 |back into that range. Where are the bodies? They're in the upper half. So
1747 |1746 |02:36:32 ~-~-> 02:36:38 |you don't have to sweat picking the best, best, best entry, if you know what
1748 |1747 |02:36:38 ~-~-> 02:36:41 |my order blocks are, and you really won't know everything about until the
1749 |1748 |02:36:41 ~-~-> 02:36:45 |books come out. What are you releasing the books I see, I never realized that
1750 |1749 |02:36:45 ~-~-> 02:36:52 |writing a book with, I guess, the community I had, and trying to get them
1751 |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,
1752 |1751 |02:36:57 ~-~-> 02:37:01 |and they're like, Well, you know, your your your percentage is going to be
1753 |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
1754 |1753 |02:37:06 ~-~-> 02:37:09 |understand you want anything. You take it as a rag if I gave it to you, because
1755 |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
1756 |1755 |02:37:13 ~-~-> 02:37:17 |specific way. So we're kind of arguing about what they're willing to do and
1757 |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
1758 |1757 |02:37:20 ~-~-> 02:37:26 |another publisher, not that I'm going to be a New York seller's best list type
1759 |1758 |02:37:26 ~-~-> 02:37:31 |thing. But you know, what I want is what I want. So the opening price extend that
1760 |1759 |02:37:31 ~-~-> 02:37:36 |through. You can see all the bodies are are working inside that, but the wicks
1761 |1760 |02:37:36 ~-~-> 02:37:41 |are allowed to do the damage, but they're never piercing the body's low.
1762 |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
1763 |1762 |02:37:51 ~-~-> 02:37:51 |it?
1764 |1763 |02:37:53 ~-~-> 02:37:57 |Isn't that delicious? Look at that, 1110, what do you think's happening?
1765 |1764 |02:37:57 ~-~-> 02:38:03 |Right there? The algorithm that most people don't want to believe. It opens
1766 |1765 |02:38:03 ~-~-> 02:38:07 |it sends the price down into that opening price right there. We're cutting
1767 |1766 |02:38:07 ~-~-> 02:38:12 |through candles. Sam, we're cutting through it. Okay, there's no white golf
1768 |1767 |02:38:12 ~-~-> 02:38:17 |here, but that opening price, that's the sensitive price point, and that's the
1769 |1768 |02:38:17 ~-~-> 02:38:22 |change in the state of delivery, meaning that that right there any return to that
1770 |1769 |02:38:22 ~-~-> 02:38:27 |price and or into the upper half of that consecutive down closed candles. And I
1771 |1770 |02:38:27 ~-~-> 02:38:30 |know some of this is going to be very confusing, especially if you're brand
1772 |1771 |02:38:30 ~-~-> 02:38:32 |new, because when we were talking about fair value, guys, you're like, I get
1773 |1772 |02:38:32 ~-~-> 02:38:35 |this makes sense. But this is just for the folks who been around for a while
1774 |1773 |02:38:35 ~-~-> 02:38:40 |with me, and they've seen me talk about ICT, order block, and they talked about
1775 |1774 |02:38:40 ~-~-> 02:38:44 |it in other circles, where, you know it's this, he's always he talks about
1776 |1775 |02:38:44 ~-~-> 02:38:46 |this down close candle, but it's not always this one. When he choose when
1777 |1776 |02:38:46 ~-~-> 02:38:51 |he's using consecutive candles. What's the theory? It's the first time I've
1778 |1777 |02:38:51 ~-~-> 02:38:54 |taught this. My private mentorship student has never seen this. Okay, like
1779 |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
1780 |1779 |02:39:00 ~-~-> 02:39:06 |to be here, but you can't deny that right there and the time it's forming,
1781 |1780 |02:39:06 ~-~-> 02:39:16 |Dave, because it's all time, time, time, time. So here is the first trade in
1782 |1781 |02:39:16 ~-~-> 02:39:21 |delivery inside of the fair value gap. This is the PD array at 1050 the
1783 |1782 |02:39:21 ~-~-> 02:39:26 |algorithm will do what it will seek, inefficiency or liquidity. Okay, well,
1784 |1783 |02:39:26 ~-~-> 02:39:30 |we have a gap. It could act as a breakaway gap. We expected to trade down
1785 |1784 |02:39:30 ~-~-> 02:39:34 |into it, but not fill the gap in wonderful. What time is that actually
1786 |1785 |02:39:34 ~-~-> 02:39:40 |occurring? At 1052 does it meet the criteria for a macro Yes. So the time
1787 |1786 |02:39:40 ~-~-> 02:39:45 |this is forming, it meets it. So that means the market should start to
1788 |1787 |02:39:45 ~-~-> 02:39:51 |gravitate where to liquidity here and where I took you to the daily chart.
1789 |1788 |02:39:51 ~-~-> 02:39:54 |Because if the market's going to move, it's going to move to something on the
1790 |1789 |02:39:54 ~-~-> 02:39:58 |daily chart. It's not just one minute charts. There's got to be some kind of
1791 |1790 |02:39:58 ~-~-> 02:40:02 |higher Time Frame. Premise. They. If you build that in relationship to what you
1792 |1791 |02:40:02 ~-~-> 02:40:05 |see on the smaller time frames, you have the best of both worlds, but the
1793 |1792 |02:40:05 ~-~-> 02:40:08 |inefficiencies on the daily chart, or the stops or liquidity that's being
1794 |1793 |02:40:09 ~-~-> 02:40:15 |either engineered or engaged, traded to booked to on the daily chart, all of the
1795 |1794 |02:40:15 ~-~-> 02:40:19 |things that make the world go round in the financial market, the key premise
1796 |1795 |02:40:19 ~-~-> 02:40:24 |and levels are going to derive from a daily chart. If the previous day's high
1797 |1796 |02:40:24 ~-~-> 02:40:27 |and low, the previous days high and low, in the last three days, last week's high
1798 |1797 |02:40:27 ~-~-> 02:40:31 |and low, the upper quadrant, the midpoint and the lower quadrant of that
1799 |1798 |02:40:31 ~-~-> 02:40:34 |range, those are always the levels that you need to have, and that is not
1800 |1799 |02:40:34 ~-~-> 02:40:37 |classic support and resistance. Okay, these are reference points that the
1801 |1800 |02:40:37 ~-~-> 02:40:40 |algorithm will always go back to. I don't give a fuck if you're talking
1802 |1801 |02:40:40 ~-~-> 02:40:43 |about forex. I don't care if you're talking about bonds. About bonds. I
1803 |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
1804 |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
1805 |1804 |02:40:52 ~-~-> 02:40:55 |an algorithm. Those are your key reference points. And you're probably
1806 |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
1807 |1806 |02:40:59 ~-~-> 02:41:06 |get that again. It'll be there. But here's the 1050, to 1110, macro. And if
1808 |1807 |02:41:06 ~-~-> 02:41:10 |you're a first time viewer and you don't know nothing, means every single 60
1809 |1808 |02:41:10 ~-~-> 02:41:17 |minute interval, okay, every cent, every 60 minutes, every hour, okay, at the top
1810 |1809 |02:41:17 ~-~-> 02:41:24 |of the hour, the market will spool. That means it jumps and runs to one of two
1811 |1810 |02:41:24 ~-~-> 02:41:30 |things. It will go to a short term low to tap into liquidity, that it would be
1812 |1811 |02:41:30 ~-~-> 02:41:36 |sell stops or sell side liquidity, or it goes up to a short term high, which is
1813 |1812 |02:41:36 ~-~-> 02:41:41 |buy side liquidity, or engage buy stops for the purpose of introducing liquidity
1814 |1813 |02:41:41 ~-~-> 02:41:49 |to the marketplace, or it trades to an inefficiency to invite smart money to
1815 |1814 |02:41:49 ~-~-> 02:41:54 |capitalize on an entry right before price spoils to the liquidity. So in
1816 |1815 |02:41:54 ~-~-> 02:41:59 |case you missed it, the inefficiency I identified as it was forming, I said,
1817 |1816 |02:41:59 ~-~-> 02:42:03 |you know, I want to see this day open, and I drew your attention to that volume
1818 |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
1819 |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
1820 |1819 |02:42:11 ~-~-> 02:42:14 |telling you, like, how it's just going to keep marching around. These are days
1821 |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
1822 |1821 |02:42:18 ~-~-> 02:42:22 |be a profitable trader even using other stuff. But when you have these types of
1823 |1822 |02:42:22 ~-~-> 02:42:26 |days and you're trying to you work within it, it can be very frustrating.
1824 |1823 |02:42:27 ~-~-> 02:42:32 |So if you get one victory, one little win Caleb, and you identify a day like
1825 |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
1826 |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
1827 |1826 |02:42:43 ~-~-> 02:42:47 |off like, you know, shake the dust off the of the trading day and then leave it
1828 |1827 |02:42:48 ~-~-> 02:42:54 |but it's occurring at 1052 it's trading them that inefficiency. For what reason
1829 |1828 |02:42:54 ~-~-> 02:42:59 |it's going down there to offer fair value for anyone that understands the
1830 |1829 |02:42:59 ~-~-> 02:43:03 |elements that I'm teaching you, then where does the market trade to
1831 |1830 |02:43:03 ~-~-> 02:43:07 |liquidity, which is that high here, because when it drops down here, the
1832 |1831 |02:43:07 ~-~-> 02:43:11 |highest high prior to that is here. But what's above that, what I took your
1833 |1832 |02:43:11 ~-~-> 02:43:14 |attention to, I'm doing chart that volume of balance. So from this candles
1834 |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
1835 |1834 |02:43:27 ~-~-> 02:43:32 |we have 21 handles, or no, 20 handles, okay, 20 handles. That's enough to do a
1836 |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
1837 |1836 |02:43:37 ~-~-> 02:43:41 |out of something like that. Can you? I don't know, but if you're not confident,
1838 |1837 |02:43:41 ~-~-> 02:43:48 |don't do it. So to give a better range, that volume imbalance, that shade in
1839 |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
1840 |1839 |02:43:52 ~-~-> 02:44:00 |say it right here, that's 56 so it's 15 handles. Consequent encroachment, I
1841 |1840 |02:44:00 ~-~-> 02:44:06 |bought 60. So we're looking at 30 handles thereabouts to get the halfway
1842 |1841 |02:44:06 ~-~-> 02:44:09 |point, which is right up here. And that's exactly what I said. I would all
1843 |1842 |02:44:09 ~-~-> 02:44:13 |I would only expect that from Caleb. So being a buyer down here, should he felt
1844 |1843 |02:44:13 ~-~-> 02:44:17 |inclined to do so, and getting out at midpoint in here and maybe getting
1845 |1844 |02:44:17 ~-~-> 02:44:23 |filled here eventually, that would be the trade, and then he'd have to move to
1846 |1845 |02:44:23 ~-~-> 02:44:29 |the sidelines to be content with it, the fact that it's a PPI or CPI number
1847 |1846 |02:44:29 ~-~-> 02:44:34 |today, and it's doing these type of behavior. I'm not personally interested
1848 |1847 |02:44:34 ~-~-> 02:44:37 |in taking these types of trades, even though, clearly, as I've outlined it
1849 |1848 |02:44:37 ~-~-> 02:44:41 |today, there are some elements that I can pull out and say, Oh, here's a
1850 |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
1851 |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
1852 |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
1853 |1852 |02:44:52 ~-~-> 02:44:58 |that, but when it does it and it moves, 75 handles, 50 handles, 25 handles, like
1854 |1853 |02:44:58 ~-~-> 02:45:02 |they're happening all day long. But I don't feel like I'm missing anything,
1855 |1854 |02:45:02 ~-~-> 02:45:06 |because I know how to find trades tomorrow. I know how to find trades this
1856 |1855 |02:45:06 ~-~-> 02:45:10 |afternoon. I know how to find trades in the London session. I know to find
1857 |1856 |02:45:10 ~-~-> 02:45:15 |trades clearly in the Asian session, like I'm not I'm not running out of
1858 |1857 |02:45:15 ~-~-> 02:45:18 |yeast. This Baker doesn't run out of yeast, okay? And that gives you
1859 |1858 |02:45:18 ~-~-> 02:45:23 |confidence, which sounds like arrogance to somebody else that's struggling. And
1860 |1859 |02:45:23 ~-~-> 02:45:26 |it's not my intention to make you feel that way, but eventually, over a period
1861 |1860 |02:45:26 ~-~-> 02:45:32 |of time, my students feel that same mutant power, that confidence, and it
1862 |1861 |02:45:32 ~-~-> 02:45:37 |makes us sound like we're arrogant pricks or assholes. And again, it's just
1863 |1862 |02:45:37 ~-~-> 02:45:41 |other people that are weak minded. They can't accept the fact that some
1864 |1863 |02:45:41 ~-~-> 02:45:47 |individuals have their together, and it's it just feels uncomfortable. They
1865 |1864 |02:45:47 ~-~-> 02:45:50 |get their feelings all hurt, okay? And that's the problem with today. They they
1866 |1865 |02:45:50 ~-~-> 02:45:54 |wear their their emotions on their sleeve. And if someone's successful and
1867 |1866 |02:45:54 ~-~-> 02:45:58 |they want to share, to inspire other people, or you ask them, and they tell
1868 |1867 |02:45:58 ~-~-> 02:46:02 |you that what the reality is, and then you're like, Well, I asked you how
1869 |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
1870 |1869 |02:46:05 ~-~-> 02:46:09 |dick. Look at look at you. You tell me how much money you brag. You asked.
1871 |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
1872 |1871 |02:46:14 ~-~-> 02:46:27 |we're trading inside the time. That means every hour a macro is in operation
1873 |1872 |02:46:30 ~-~-> 02:46:39 |every single hour. Okay, some macros are better than others. I'll leave that for
1874 |1873 |02:46:39 ~-~-> 02:46:44 |the book, but I've talked about most of them already on Twitter spaces and or
1875 |1874 |02:46:44 ~-~-> 02:46:51 |other videos on this YouTube channel. There are times where you want to be
1876 |1875 |02:46:51 ~-~-> 02:46:55 |using them, and others you just want to sit and wait.
1877 |1876 |02:47:01 ~-~-> 02:47:13 |Okay, and this would be labeled on your chart, 1050, to 1110, Pam, Eastern Time,
1878 |1877 |02:47:13 ~-~-> 02:47:26 |always. Eastern time inside center and Okay, all right. And what we've done is
1879 |1878 |02:47:26 ~-~-> 02:47:31 |we've highlighted a time when the algorithm that absolutely does exist, it
1880 |1879 |02:47:31 ~-~-> 02:47:34 |controls price, and nothing happens outside of its control unless it's a
1881 |1880 |02:47:34 ~-~-> 02:47:37 |manual intervention. And you'll know when an intervention is there because
1882 |1881 |02:47:37 ~-~-> 02:47:42 |it's just completely abrupt, sudden, forceful, you're raped. Basically, the
1883 |1882 |02:47:42 ~-~-> 02:47:47 |market doesn't give you any chance of getting in. It just runs away one sided.
1884 |1883 |02:47:47 ~-~-> 02:47:50 |And if you're in, it in your other side of the marketplace and you're offside,
1885 |1884 |02:47:50 ~-~-> 02:47:55 |you're destroyed. Basically, that's manual intervention. Okay? Manual
1886 |1885 |02:47:55 ~-~-> 02:48:00 |intervention is FOMC. Look at look at it like that. That's always going on every
1887 |1886 |02:48:00 ~-~-> 02:48:05 |single time FOMC comes out at two o'clock and at 230 both of those things
1888 |1887 |02:48:05 ~-~-> 02:48:11 |are manual intervention. They're absolutely controlled demolition. That
1889 |1888 |02:48:11 ~-~-> 02:48:15 |is not organic. That's not buying and selling pressure. It's not an absence of
1890 |1889 |02:48:15 ~-~-> 02:48:20 |buyers or sellers. It's not a void of liquidity. It's a unadulterated rape.
1891 |1890 |02:48:21 ~-~-> 02:48:25 |That's exactly what it is. It's destruction. It's carnage. It's designed
1892 |1891 |02:48:25 ~-~-> 02:48:30 |to do that, and the sooner you accept that, the better you'll be looking at it
1893 |1892 |02:48:30 ~-~-> 02:48:37 |and treating after it forms. But at 1050 for the hour, at 11 o'clock, 10 minutes
1894 |1893 |02:48:37 ~-~-> 02:48:43 |before 11 and 10 minutes after 11, that's a 20 minute interval, okay, what
1895 |1894 |02:48:43 ~-~-> 02:48:50 |occurs is the market will seek either inefficiency, like this gap here, or it
1896 |1895 |02:48:50 ~-~-> 02:48:56 |will seek liquidity. If it's like, say, for instance, we didn't have this gap
1897 |1896 |02:48:56 ~-~-> 02:49:02 |here, okay, say this this wick touched this wick or the body's touched, there
1898 |1897 |02:49:02 ~-~-> 02:49:06 |was no separation between and not having this one singular candle traversing
1899 |1898 |02:49:06 ~-~-> 02:49:10 |between the previous candles low, I'm sorry, high, and the next candles low.
1900 |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,
1901 |1900 |02:49:15 ~-~-> 02:49:20 |then what you would do is you would wait for the down, closed candle that forms
1902 |1901 |02:49:20 ~-~-> 02:49:24 |in any retracement here, it has to run away from it and then come back down,
1903 |1902 |02:49:24 ~-~-> 02:49:28 |like we're teaching this order block. That would be what you would look for.
1904 |1903 |02:49:28 ~-~-> 02:49:34 |But if there's no inefficiency, you have to use the the order block. So either
1905 |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
1906 |1905 |02:49:41 ~-~-> 02:49:47 |in here until that forms. But what's there? The inefficiency? So there isn't
1907 |1906 |02:49:47 ~-~-> 02:49:52 |a there's no condition that has all three, you know, I'm saying like you're
1908 |1907 |02:49:52 ~-~-> 02:49:55 |not going to get a short term low, an order block and a fair value gap that
1909 |1908 |02:49:56 ~-~-> 02:50:00 |can't that, that can't occupy the same space in in the time frame. Or chart
1910 |1909 |02:50:00 ~-~-> 02:50:05 |you're looking at. It's physically impossible. It doesn't work that way. So
1911 |1910 |02:50:05 ~-~-> 02:50:09 |when students first start hearing these lessons, when I had paid mentorship,
1912 |1911 |02:50:09 ~-~-> 02:50:14 |they would like, Well, how do I know this? And what if it once you spend time
1913 |1912 |02:50:14 ~-~-> 02:50:20 |looking at it, they can't all three agree and exist in the same place, not
1914 |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,
1915 |1914 |02:50:26 ~-~-> 02:50:30 |but never all three. But usually it's one or the other, okay, at least one of
1916 |1915 |02:50:30 ~-~-> 02:50:34 |the three. So there's no short term load to be worried about trading down below.
1917 |1916 |02:50:34 ~-~-> 02:50:39 |We do have a gap, but it happens to form after a break away from all the
1918 |1917 |02:50:39 ~-~-> 02:50:43 |consolidation that we were monitoring, and I was not interested in all morning
1919 |1918 |02:50:43 ~-~-> 02:50:46 |here. And I mentioned that we had these lows down here, we swept below that. And
1920 |1919 |02:50:46 ~-~-> 02:50:51 |I said, Okay, I believe that they're going to use the fair value gap that I
1921 |1920 |02:50:51 ~-~-> 02:50:55 |mentioned here as support. They didn't really technically touch it at all. It's
1922 |1921 |02:50:55 ~-~-> 02:51:01 |like one tick away, but it then displace above the high this gap forms after that
1923 |1922 |02:51:01 ~-~-> 02:51:05 |break away from that consolidation. Which is classic algorithmically, it's
1924 |1923 |02:51:05 ~-~-> 02:51:11 |not classic support and resistance is it never came back down and touched that
1925 |1924 |02:51:11 ~-~-> 02:51:15 |wick. So at 1052, we have our first piece of information. Yes, price did
1926 |1925 |02:51:15 ~-~-> 02:51:19 |trade down in there. Yes, it did not fill that lower portion. And any
1927 |1926 |02:51:19 ~-~-> 02:51:23 |subsequent touch of the fair value gap. High can be used as support. It should
1928 |1927 |02:51:23 ~-~-> 02:51:29 |be immediate response, take off and leave it and trade to that high. But how
1929 |1928 |02:51:29 ~-~-> 02:51:33 |far above that high can it go? You got to go to a higher time frame reference
1930 |1929 |02:51:33 ~-~-> 02:51:36 |point, which is why I took it to the daily chart to highlight this volume
1931 |1930 |02:51:36 ~-~-> 02:51:40 |imbalance. It was the easiest, obvious level above this high that's
1932 |1931 |02:51:40 ~-~-> 02:51:46 |inefficient, because there's no way classify short term buy side liquidity
1933 |1932 |02:51:46 ~-~-> 02:51:50 |on the daily chart, because you have to go further up. So what's the first PD
1934 |1933 |02:51:50 ~-~-> 02:51:53 |array that you'd come to on the daily chart? It's this shaded area that I
1935 |1934 |02:51:53 ~-~-> 02:51:59 |highlighted, which is the volume and balance. So from entering here at 1052,
1936 |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.
1937 |1936 |02:52:08 ~-~-> 02:52:14 |So all through this period, from here to here relative to time, okay, this is a
1938 |1937 |02:52:14 ~-~-> 02:52:19 |time window. In other words, this is what you're saying in price action,
1939 |1938 |02:52:19 ~-~-> 02:52:26 |there's going to be opportunities to be a buyer at a discount array. What
1940 |1939 |02:52:26 ~-~-> 02:52:31 |discount arrays Do you see institutional workflow entry drill inside this fair
1941 |1940 |02:52:31 ~-~-> 02:52:34 |value gap that should not fill in, because it's breakaway gap. Why? Because
1942 |1941 |02:52:34 ~-~-> 02:52:39 |it left the consolidation okay, then we have this down closed candle. Does it
1943 |1942 |02:52:39 ~-~-> 02:52:45 |repel price after it does. Does it trade above the opening price? Yes, that
1944 |1943 |02:52:45 ~-~-> 02:52:50 |validates this down closed candle as an order block. Is there any down closed
1945 |1944 |02:52:50 ~-~-> 02:52:55 |candles prior to that candle immediately to the left of it? Yes. Is there one
1946 |1945 |02:52:55 ~-~-> 02:52:59 |prior to that one? Yes. Is there one prior to that one? No. So
1947 |1946 |02:52:59 ~-~-> 02:53:03 |algorithmically, the price is called to that opening price, because the highest
1948 |1947 |02:53:04 ~-~-> 02:53:09 |portion of these three consecutive down closed candles the opening that's the
1949 |1948 |02:53:09 ~-~-> 02:53:12 |price. This is that's the change in the state of delivery. You extend that
1950 |1949 |02:53:12 ~-~-> 02:53:20 |through time. How far do you do it all the way till 1110, pray, tell. Pray,
1951 |1950 |02:53:20 ~-~-> 02:53:26 |fucking tell how the hell all this stuff just happens to line up all by time
1952 |1951 |02:53:26 ~-~-> 02:53:35 |first and price to the fucking tick. There's no algorithm, folks. There's no
1953 |1952 |02:53:35 ~-~-> 02:53:39 |way they could control price like this. How could they possibly keep things this
1954 |1953 |02:53:39 ~-~-> 02:53:46 |controlled? It 81 million votes, my ass. But looking at this, if you send it
1955 |1954 |02:53:46 ~-~-> 02:53:53 |forward trades right back down into that opening price, bang, then it delivers
1956 |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
1957 |1956 |02:54:02 ~-~-> 02:54:08 |macro, because a macro that 20 minute interval is like a super charger for
1958 |1957 |02:54:08 ~-~-> 02:54:14 |efficiency and immediate responsiveness in your entries. That's not the mean
1959 |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
1960 |1959 |02:54:17 ~-~-> 02:54:22 |trying to say ICT only teaches the trade in the first 10 minutes up to the last
1961 |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
1962 |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,
1963 |1962 |02:54:31 ~-~-> 02:54:37 |as my son, if you focus on these elements of your setups, you're going to
1964 |1963 |02:54:37 ~-~-> 02:54:40 |get the better fills. You're going to get the immediate response by Christ
1965 |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
1966 |1965 |02:54:44 ~-~-> 02:54:48 |the market immediately starts moving away from your entry and never getting
1967 |1966 |02:54:48 ~-~-> 02:54:53 |close to your stop, that's a wonderful feeling. How do you? How do you get into
1968 |1967 |02:54:53 ~-~-> 02:55:02 |trades that promote that as a steady diet? Time, time. Time. Time is the most
1969 |1968 |02:55:02 ~-~-> 02:55:09 |critical function in price delivery, and if you can't see that, literally, you're
1970 |1969 |02:55:09 ~-~-> 02:55:15 |in denial. You're you're in fucking denial at this stage in the game, after
1971 |1970 |02:55:15 ~-~-> 02:55:22 |me showing so much you can't see this, there's no hope for you. Just just
1972 |1971 |02:55:22 ~-~-> 02:55:26 |believe it's all random. And then, you know, don't ever watch my videos. But
1973 |1972 |02:55:26 ~-~-> 02:55:30 |the point is, is you have the down closed candle here that we walk through
1974 |1973 |02:55:30 ~-~-> 02:55:36 |the sequence of, okay? Guidance tells me that if this is an order block, the way
1975 |1974 |02:55:36 ~-~-> 02:55:41 |you determine is there's a down close candle prior to that one to that one to
1976 |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
1977 |1976 |02:55:44 ~-~-> 02:55:48 |use the opening price there. That's all their algorithms doing. That's the code.
1978 |1977 |02:55:48 ~-~-> 02:55:53 |That's what it does. By time it does this. Okay, touched here. Why? Why is
1979 |1978 |02:55:53 ~-~-> 02:55:56 |that important? Because this is the framework that causes that inefficiency.
1980 |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
1981 |1980 |02:56:01 ~-~-> 02:56:04 |to offer one tick below it, and that's why it goes down there. That's not
1982 |1981 |02:56:04 ~-~-> 02:56:09 |fucking buying pressure that stops it there, folks. It's not the collective
1983 |1982 |02:56:09 ~-~-> 02:56:16 |universe of buyers and sellers didn't say, Hey, listen, today's my turn to be
1984 |1983 |02:56:16 ~-~-> 02:56:21 |the buyer. I'm going to be low tick. Today. I'm low tick. Everybody else had
1985 |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
1986 |1985 |02:56:25 ~-~-> 02:56:32 |tick on that candle. Think about the absurdity of stating that the buying and
1987 |1986 |02:56:32 ~-~-> 02:56:37 |selling of everybody out there, with all of the shit that they look at on their
1988 |1987 |02:56:37 ~-~-> 02:56:43 |charts, the things that they believe the last time their elbow hurt you, and Q
1989 |1988 |02:56:43 ~-~-> 02:56:49 |went up 50 handles. The last time they had gal. Then the NASDAQ dropped 500
1990 |1989 |02:56:49 ~-~-> 02:56:55 |handles. The nonsense, the people that fucking look at the stars in the moon
1991 |1990 |02:56:55 ~-~-> 02:56:57 |and the lunar sequence and says, Oh yeah,
1992 |1991 |02:56:59 ~-~-> 02:57:03 |Jupiter's in retrograde. And this is bullshit that has nothing to do with
1993 |1992 |02:57:03 ~-~-> 02:57:08 |these markets. It literally has nothing to do with it. But they'll write books
1994 |1993 |02:57:08 ~-~-> 02:57:12 |to sell courses, and people buy that shit and eat it up. They'll eat it up
1995 |1994 |02:57:12 ~-~-> 02:57:16 |and ask for more. They'll cheerlead these people on the internet and say
1996 |1995 |02:57:16 ~-~-> 02:57:20 |they're so smart. Look at the wisdom. Look at the sorcery. He can read the
1997 |1996 |02:57:20 ~-~-> 02:57:24 |lunar cycles in the cost of the fucking market is not given two shits about what
1998 |1997 |02:57:24 ~-~-> 02:57:31 |the fucking phase of the moon is or where the planets are. You're talking
1999 |1998 |02:57:31 ~-~-> 02:57:39 |about horror scopes. Horror scopes. Okay, I mean that facetiously. I am not
2000 |1999 |02:57:39 ~-~-> 02:57:43 |following the fucking sun, moon starts to pick a trade idea, okay? Because it
2001 |2000 |02:57:43 ~-~-> 02:57:49 |has no bearing on it. Do full moons cause people to be more aggressive?
2002 |2001 |02:57:49 ~-~-> 02:57:54 |Sure, I believe in that. But when I read that stuff in Larry Williams book, how I
2003 |2002 |02:57:54 ~-~-> 02:57:57 |made a million dollars trading commis last year, and he was talking about the
2004 |2003 |02:57:57 ~-~-> 02:58:01 |effects of full moons and what all that, it was an interesting read, but I don't
2005 |2004 |02:58:01 ~-~-> 02:58:06 |subscribe to it. I don't believe any of that bullshit, fascinating read at that
2006 |2005 |02:58:06 ~-~-> 02:58:10 |time, but I hold absolutely no interest in it, and I don't believe absolutely at
2007 |2006 |02:58:10 ~-~-> 02:58:16 |all that has no bearing whatsoever on what price is going to do. So when we
2008 |2007 |02:58:16 ~-~-> 02:58:24 |look at price like this, okay, every hour you should have an alarm, or you
2009 |2008 |02:58:24 ~-~-> 02:58:30 |have vertical line. Now, when I say the vertical line delineations, this might
2010 |2009 |02:58:30 ~-~-> 02:58:36 |be problematic, okay? Because if I do that, you may not see the colors of your
2011 |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
2012 |2011 |02:58:40 ~-~-> 02:58:45 |say here, because if you're not going to set alarms time wise, like on a clock,
2013 |2012 |02:58:46 ~-~-> 02:58:49 |say, hey, look, you know we're five minutes away from the next macro. What
2014 |2013 |02:58:49 ~-~-> 02:58:54 |time would that be on your clock? It would be 10:45am, Eastern Time. That
2015 |2014 |02:58:54 ~-~-> 02:58:58 |means New York local time. Everything I'm saying, Folks, if you don't have
2016 |2015 |02:58:58 ~-~-> 02:59:03 |this on trading view toggled, I don't care where you live, your time should be
2017 |2016 |02:59:03 ~-~-> 02:59:09 |set to this all the time. All the time. Doesn't matter where you are,
2018 |2017 |02:59:09 ~-~-> 02:59:13 |graphically, geographically around the world. This is the time that the
2019 |2018 |02:59:13 ~-~-> 02:59:20 |algorithm runs on period. But if you don't want to use time alarms, okay, you
2020 |2019 |02:59:20 ~-~-> 02:59:28 |can set up little vertical lines framing the macro at each top of the hour. Okay,
2021 |2020 |02:59:29 ~-~-> 02:59:38 |so it tells you, okay. Start looking for a run to gaps or inefficiencies or trade
2022 |2021 |02:59:38 ~-~-> 02:59:46 |to liquidity. Which one do you do? Well, right here, I'm sorry, right here, at
2023 |2022 |02:59:46 ~-~-> 02:59:50 |1050 that's the beginning of the macro. So what? What occurred right there? At
2024 |2023 |02:59:50 ~-~-> 02:59:55 |1050 we've already taken out relative equal highs. So we are engaging
2025 |2024 |02:59:55 ~-~-> 02:59:59 |liquidity. What kind of liquidity buy side? So what is the mark? What are
2026 |2025 |02:59:59 ~-~-> 03:00:05 |those? More likelihood of price going higher at that moment or going lower?
2027 |2026 |03:00:07 ~-~-> 03:00:11 |Well, we have the short term low that it forms and then trades higher once more.
2028 |2027 |03:00:11 ~-~-> 03:00:14 |So we have buy side once more. The inefficiency below the Marketplace is
2029 |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
2030 |2029 |03:00:21 ~-~-> 03:00:26 |no gap there. All that's laying over top of each other. This wick here goes back
2031 |2030 |03:00:26 ~-~-> 03:00:30 |to this, this low. So there's no inefficiency there for the one minute
2032 |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
2033 |2032 |03:00:36 ~-~-> 03:00:43 |or what's that daily inefficiency? Assume yellow, that volume imbalance. We
2034 |2033 |03:00:43 ~-~-> 03:00:47 |went down to it here. We rallied back up, traded down one more tire high, and
2035 |2034 |03:00:47 ~-~-> 03:00:52 |then did digs all the way back down. What time 12 o'clock. So that's mid
2036 |2035 |03:00:52 ~-~-> 03:00:56 |macro. It's like the first 10 minutes entering the last half an hour, or last
2037 |2036 |03:00:57 ~-~-> 03:01:02 |half of that 20 minute period. So if it's going to be reacting, reacting off
2038 |2037 |03:01:02 ~-~-> 03:01:07 |of that, and if price is bullish, where would it go to at that moment? The price
2039 |2038 |03:01:07 ~-~-> 03:01:12 |will spool, where to a inefficiency above that? So where's that at? Not
2040 |2039 |03:01:12 ~-~-> 03:01:18 |here, it's basically overlapping. There you have this one, which is a volume
2041 |2040 |03:01:18 ~-~-> 03:01:22 |imbalance, which is a smaller form of what this shaded area is that's derived
2042 |2041 |03:01:22 ~-~-> 03:01:26 |from the daily chart. So you can trade up to that. It does that handsomely. It
2043 |2042 |03:01:26 ~-~-> 03:01:29 |does this one here, again, handsomely. You have all of this here. It trades up
2044 |2043 |03:01:29 ~-~-> 03:01:33 |to that there, and then you have the liquidity above that high. So it's just
2045 |2044 |03:01:33 ~-~-> 03:01:37 |like riding or climbing a mountain, or rock climbing. This is the surface of
2046 |2045 |03:01:37 ~-~-> 03:01:41 |the mountain. You just drop down to go into an area, they'll start going back
2047 |2046 |03:01:41 ~-~-> 03:01:45 |up. So you have to look at that surface of that rock, like a rock climber, and
2048 |2047 |03:01:45 ~-~-> 03:01:51 |say, Okay, where's my footholds here? Here, all this inefficiency. How can
2049 |2048 |03:01:51 ~-~-> 03:01:56 |this inefficiency be used as a foothold? It has to go above it and then come back
2050 |2049 |03:01:56 ~-~-> 03:02:02 |down in here, and then sends price higher, again, taking out this high. So
2051 |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
2052 |2051 |03:02:10 ~-~-> 03:02:17 |are looking for a directional run, it helps you frame that every single hour
2053 |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
2054 |2053 |03:02:21 ~-~-> 03:02:26 |say, look, I can trade every hour candlestick. Every single hour I can
2055 |2054 |03:02:26 ~-~-> 03:02:33 |trade it. And it's based on this idea here, okay, all this stuff about 90
2056 |2055 |03:02:33 ~-~-> 03:02:38 |minute cycles. I'm telling you for the last time, there is no 90 minute cycles
2057 |2056 |03:02:38 ~-~-> 03:02:41 |that you can go out and copy and do something with. There's people doing all
2058 |2057 |03:02:41 ~-~-> 03:02:46 |kinds of bullshit, talking nonsense about it. It's just a measure of like,
2059 |2058 |03:02:46 ~-~-> 03:02:51 |that's the smallest window of your trading time, anything less than 90
2060 |2059 |03:02:51 ~-~-> 03:02:55 |minutes. You're not giving yourself a fair chance. Because what that does is
2061 |2060 |03:02:55 ~-~-> 03:02:59 |it guarantees you're going to get one macro. Very minimum, you're gonna get
2062 |2061 |03:02:59 ~-~-> 03:03:03 |one macro. And if you know what? If you're knowing what the price is likely
2063 |2062 |03:03:03 ~-~-> 03:03:07 |to do, because you understand how to read price, and you also understand a
2064 |2063 |03:03:07 ~-~-> 03:03:12 |directional draw on where the market may send price. That means, what do you
2065 |2064 |03:03:12 ~-~-> 03:03:15 |think the daily kennels there's going to do? What do you think the session is
2066 |2065 |03:03:15 ~-~-> 03:03:20 |going to do? What? What is the weekly chart reaching for? These are all things
2067 |2066 |03:03:20 ~-~-> 03:03:24 |that we taught in previous mentorships that are being run back in here, because
2068 |2067 |03:03:24 ~-~-> 03:03:28 |we spend enough time on a lower time frame, proving that you don't need to
2069 |2068 |03:03:28 ~-~-> 03:03:33 |see all the other stuff. But to get a better view holistically incorporating
2070 |2069 |03:03:33 ~-~-> 03:03:36 |the higher time frames, weekly and daily, you get much more information,
2071 |2070 |03:03:36 ~-~-> 03:03:43 |which makes your trade decisions a lot easier and better. So you can see how
2072 |2071 |03:03:43 ~-~-> 03:03:49 |these elements of time, they're crucial, they are super chargers for anticipating
2073 |2072 |03:03:49 ~-~-> 03:03:55 |price runs and how they are to behave, how they how they function. What are the
2074 |2073 |03:03:55 ~-~-> 03:04:00 |what's the mechanics behind why a price run takes place? That was what I did a
2075 |2074 |03:04:00 ~-~-> 03:04:05 |lot of study in my 20s. I wanted to know what repeating phenomenon were there and
2076 |2075 |03:04:05 ~-~-> 03:04:10 |all of these price runs. And back then, I would be in trades where the market
2077 |2076 |03:04:10 ~-~-> 03:04:15 |would just take off and start trading one sidedness. And I would go back
2078 |2077 |03:04:15 ~-~-> 03:04:19 |through and look at for looking for patterns from the book technical
2079 |2078 |03:04:19 ~-~-> 03:04:23 |analysis on the financial markets by John Murphy, and I couldn't see anything
2080 |2079 |03:04:23 ~-~-> 03:04:27 |in there because he was teaching support and resistance. So why was these prices
2081 |2080 |03:04:27 ~-~-> 03:04:32 |going down to specific levels? They were completely by themselves. They had no
2082 |2081 |03:04:33 ~-~-> 03:04:39 |they had no rhyme or reason to why it did it. And I collected and I collected
2083 |2082 |03:04:39 ~-~-> 03:04:43 |and I collected, and I started seeing these repeating phenomenon. And I was
2084 |2083 |03:04:43 ~-~-> 03:04:47 |obsessive about reading, price, studying. I wanted to figure this shit
2085 |2084 |03:04:47 ~-~-> 03:04:52 |out. I had to know it was a physical problem for me, like I it was consuming
2086 |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,
2087 |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,
2088 |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
2089 |2088 |03:05:08 ~-~-> 03:05:12 |brag on it, because she does exactly what she's told to do. And there are
2090 |2089 |03:05:12 ~-~-> 03:05:17 |times where it can be messed with, it can be tinkered with, it can be
2091 |2090 |03:05:17 ~-~-> 03:05:22 |disrupted, okay? And when you see those types of things, and you understand what
2092 |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
2093 |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
2094 |2093 |03:05:33 ~-~-> 03:05:40 |easier or cleaner than that. So if it's telling me very clearly that it's trying
2095 |2094 |03:05:40 ~-~-> 03:05:44 |to do something based on time. First, it's reaching for a pool of liquidity or
2096 |2095 |03:05:44 ~-~-> 03:05:47 |inefficiency above or below the marketplace. Then it's going to keep
2097 |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
2098 |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
2099 |2098 |03:05:55 ~-~-> 03:05:59 |types of runs here. These are not these are not important to me. They're not
2100 |2099 |03:05:59 ~-~-> 03:06:02 |interesting to me. They may be fascinating because I'm outlining it to
2101 |2100 |03:06:02 ~-~-> 03:06:06 |you and why the things happen and how it all stems from that first run out of
2102 |2101 |03:06:06 ~-~-> 03:06:11 |that consolidation from earlier in the day, and telling you that if it goes
2103 |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
2104 |2103 |03:06:14 ~-~-> 03:06:21 |be certain aspects to it that I can see that are synonymous to what we look for
2105 |2104 |03:06:21 ~-~-> 03:06:26 |for algorithmic trades. Look at the difference between like, see how we have
2106 |2105 |03:06:26 ~-~-> 03:06:36 |1150 to 1210 here I'm going to do the same thing for the 1110 to 1050
2107 |2106 |03:06:42 ~-~-> 03:06:46 |Okay, so in between these two vertical lines here the purest, cleanest
2108 |2107 |03:06:46 ~-~-> 03:06:51 |delivery, how price will spool now, think about like I gave you the analogy
2109 |2108 |03:06:51 ~-~-> 03:06:56 |last week. If you're a fisherman, and you cast your your your lure on your
2110 |2109 |03:06:56 ~-~-> 03:07:01 |reel, you cast it out, and all that fishing line starts spooling off the
2111 |2110 |03:07:01 ~-~-> 03:07:06 |reel as the as the lure and the weight and the hook gets further away from your
2112 |2111 |03:07:06 ~-~-> 03:07:12 |rod as you cast it out. That spooling, that, that leaving of the reel as this,
2113 |2112 |03:07:12 ~-~-> 03:07:16 |this fishing line comes off that. That's what's occurring here. It's spooling off
2114 |2113 |03:07:16 ~-~-> 03:07:22 |of it, running away as it's being cast away from the rod. Okay, look at the
2115 |2114 |03:07:22 ~-~-> 03:07:27 |difference between in between 1050 and 1110, which is what I'm teaching you.
2116 |2115 |03:07:27 ~-~-> 03:07:33 |The algorithm does the real runs start in there, and then after 1050 price can
2117 |2116 |03:07:33 ~-~-> 03:07:38 |still advance. But look how shitty it gets, all of this, all of this, all of
2118 |2117 |03:07:38 ~-~-> 03:07:41 |this, all of this. And then suddenly, what happens? The algorithm starts going
2119 |2118 |03:07:41 ~-~-> 03:07:48 |back into what it does, following its code at 1050, 10 minutes to 12, we get
2120 |2119 |03:07:48 ~-~-> 03:07:56 |run on liquidity, back down into a discount sell side run. Can you see
2121 |2120 |03:07:56 ~-~-> 03:08:01 |that? And this is, this isn't most obvious examples, but even on a shitty
2122 |2121 |03:08:01 ~-~-> 03:08:07 |day like this, you can clearly see something's going on between this time
2123 |2122 |03:08:07 ~-~-> 03:08:13 |window of 20 minutes. And I want you to study your charts like that, on a one
2124 |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
2125 |2124 |03:08:18 ~-~-> 03:08:23 |15 second chart. Now once you excuse me, once you get to the point where you can
2126 |2125 |03:08:23 ~-~-> 03:08:28 |afford to do so, then, then obviously, collect it. If you have friends that
2127 |2126 |03:08:28 ~-~-> 03:08:32 |are, you know, training with you, and they have the ability to do 15 second
2128 |2127 |03:08:32 ~-~-> 03:08:35 |charting, share that you share the chart with them. You're not You're not giving
2129 |2128 |03:08:35 ~-~-> 03:08:39 |them real time access. You give them something that's already happened, but
2130 |2129 |03:08:39 ~-~-> 03:08:43 |this is something that you should be observing and studying, because I've
2131 |2130 |03:08:43 ~-~-> 03:08:48 |taught about this, and people have tried to make courses around it, and they have
2132 |2131 |03:08:48 ~-~-> 03:08:52 |no idea the fuck you're talking about. They've rooked people. They've scammed
2133 |2132 |03:08:52 ~-~-> 03:08:56 |people because of something I've said, and they use the buzz words, and they
2134 |2133 |03:08:56 ~-~-> 03:08:59 |claim that, oh, this is what it's doing. And they talk about all these other
2135 |2134 |03:08:59 ~-~-> 03:09:05 |macros that aren't macros. They're not fucking macros. This is your macro. This
2136 |2135 |03:09:05 ~-~-> 03:09:13 |is this is what they are, right here. Now, you do have a midnight to one
2137 |2136 |03:09:13 ~-~-> 03:09:19 |o'clock in the morning macro. You do have a final hour of the day. Three
2138 |2137 |03:09:19 ~-~-> 03:09:26 |macros, I've talked about them for in the sea, trading what you do with them
2139 |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
2140 |2139 |03:09:29 ~-~-> 03:09:34 |be on the book I've already taught you a clinic today on macros. If I ever
2141 |2140 |03:09:34 ~-~-> 03:09:37 |stopped and never mentioned macros again, I have given you such an
2142 |2141 |03:09:37 ~-~-> 03:09:42 |advantage, I've given you a baseball bat, okay, that you could walk out there
2143 |2142 |03:09:42 ~-~-> 03:09:47 |every single day and smash something if you have a general idea where the
2144 |2143 |03:09:47 ~-~-> 03:09:51 |market's likely to go, that's the that's the first and foremost lesson, though,
2145 |2144 |03:09:51 ~-~-> 03:09:55 |which is why I've been beating it into everybody's head and when I teach
2146 |2145 |03:09:55 ~-~-> 03:09:59 |knowing where the market's trying to gravitate and draw to if you don't have.
2147 |2146 |03:10:00 ~-~-> 03:10:04 |That everything else is going to put you offside, and you're not going to do
2148 |2147 |03:10:04 ~-~-> 03:10:08 |well, and you'll be frustrated. But once you understand where the market's likely
2149 |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
2150 |2149 |03:10:12 ~-~-> 03:10:16 |10 handle, I'm sorry, 20 handles, because at 20 handles, I can get 15
2151 |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
2152 |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
2153 |2152 |03:10:25 ~-~-> 03:10:30 |to be timeable, where I can go in and anticipate it occurring. Then I'm not
2154 |2153 |03:10:30 ~-~-> 03:10:34 |interested in taking the trade, and I don't care how it trades and keeps
2155 |2154 |03:10:34 ~-~-> 03:10:37 |moving and moving and moving. I don't care about that, because I know that
2156 |2155 |03:10:37 ~-~-> 03:10:40 |there's going to be technical days that's going to be like this that I
2157 |2156 |03:10:40 ~-~-> 03:10:44 |don't care too much about, and for people that are brand new, and they
2158 |2157 |03:10:44 ~-~-> 03:10:47 |think, Well, you know, look, this thing's been going up the whole day. He
2159 |2158 |03:10:47 ~-~-> 03:10:50 |should have made this. And should have made that. I'm not here to prove
2160 |2159 |03:10:50 ~-~-> 03:10:55 |trading. I'm here to teach my son how to start being able to determine where the
2161 |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
2162 |2161 |03:10:59 ~-~-> 03:11:03 |trade and navigate in you're going to tell me all this stuff in here. All this
2163 |2162 |03:11:03 ~-~-> 03:11:06 |stuff was in here perfectly clear to you, every little, tiny, little
2164 |2163 |03:11:06 ~-~-> 03:11:10 |fluctuation, I guarantee you, if you were in a trade, every single instance
2165 |2164 |03:11:10 ~-~-> 03:11:13 |where it was dropping down, your asshole was puckering. But you're going to talk
2166 |2165 |03:11:13 ~-~-> 03:11:18 |about it after the fact. I'm not out here after the fact, I'm outlining it
2167 |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
2168 |2167 |03:11:25 ~-~-> 03:11:31 |your charts, log it, and then if you don't see where the market's referring
2169 |2168 |03:11:31 ~-~-> 03:11:36 |to beforehand, there's no there's no shame in getting, getting the
2170 |2169 |03:11:36 ~-~-> 03:11:40 |information after the fact, because Hindsight is 2020, and every doctor,
2171 |2170 |03:11:40 ~-~-> 03:11:44 |every surgeon, every fucking lawyer, every professional, every pilot,
2172 |2171 |03:11:45 ~-~-> 03:11:51 |everybody started learning their trade in hindsight. They looked at hindsight
2173 |2172 |03:11:51 ~-~-> 03:11:56 |examples. Everything has to be started from the basis of hindsight. And why
2174 |2173 |03:11:56 ~-~-> 03:11:59 |people pretend that looking at hindsight moves and studying price action like
2175 |2174 |03:11:59 ~-~-> 03:12:03 |that is not beneficial, like you're going to somehow learn how to do this
2176 |2175 |03:12:03 ~-~-> 03:12:06 |without doing that. They're full of shit. And because most people come in
2177 |2176 |03:12:06 ~-~-> 03:12:10 |this industry chomping at the bit to hurry up and run to make money, and
2178 |2177 |03:12:10 ~-~-> 03:12:14 |they're impatient, that's a huge market to tap into. I could rook all of you
2179 |2178 |03:12:15 ~-~-> 03:12:22 |easily, easily, if I wanted to, and fleece 95% of you immediately, just by
2180 |2179 |03:12:22 ~-~-> 03:12:25 |saying, I'm going to give you the secrets to the macros, and here's the
2181 |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
2182 |2181 |03:12:30 ~-~-> 03:12:35 |up. And once it's done, I'm done, and not have fucking millions of dollars
2183 |2182 |03:12:35 ~-~-> 03:12:40 |thrown at me again, because you've seen enough. Okay? You've seen enough to
2184 |2183 |03:12:40 ~-~-> 03:12:45 |validate the things I'm talking about. You watch me call it live. You watch me
2185 |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
2186 |2185 |03:12:49 ~-~-> 03:12:52 |like, but you can't argue the fact that I can see this shit before it happens,
2187 |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
2188 |2187 |03:12:56 ~-~-> 03:13:00 |much and I give the buzzwords, and other people know that, wow, there's going to
2189 |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
2190 |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
2191 |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
2192 |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
2193 |2192 |03:13:13 ~-~-> 03:13:18 |people all around the world in third world nations, scam individuals in those
2194 |2193 |03:13:18 ~-~-> 03:13:22 |third world nations and live then saying I'm in ICT mentorship, and this is what
2195 |2194 |03:13:22 ~-~-> 03:13:26 |he's doing. My private mentorship people barely get from me, because I have
2196 |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
2197 |2196 |03:13:33 ~-~-> 03:13:36 |going to share it and teach it, I'm going to amplify on what they've already
2198 |2197 |03:13:36 ~-~-> 03:13:39 |learned, which works because I have students that have made millions of
2199 |2198 |03:13:39 ~-~-> 03:13:44 |dollars. Find your mentor online, selling $200 courses that any
2200 |2199 |03:13:44 ~-~-> 03:13:49 |millionaire, they made none. Okay, they've made none, and they're watching
2201 |2200 |03:13:49 ~-~-> 03:13:54 |this live stream right now. Hi, Patrick. So if you're looking at this as a basis
2202 |2201 |03:13:54 ~-~-> 03:13:58 |of finding when the moves begin or where they originate, this is one of the
2203 |2202 |03:13:58 ~-~-> 03:14:03 |easiest ways that you can frame out your hindsight moves and start studying them,
2204 |2203 |03:14:03 ~-~-> 03:14:09 |and then by going through the process of reading all this stuff, okay, notice how
2205 |2204 |03:14:09 ~-~-> 03:14:14 |candlesticks, in and of themselves that are down, closed candles, okay? If, if
2206 |2205 |03:14:14 ~-~-> 03:14:19 |order flow is bullish, okay, for the sake of benefit of you know, the
2207 |2206 |03:14:19 ~-~-> 03:14:23 |hindsight that's it's available here. Obviously the market wants to go higher,
2208 |2207 |03:14:23 ~-~-> 03:14:29 |and we can see this done so. But where are you? Keying up your interest in
2209 |2208 |03:14:29 ~-~-> 03:14:37 |this? Because if you're trading outside of the 1050, to 1110, I'm sorry, 1150,
2210 |2209 |03:14:38 ~-~-> 03:14:46 |to 1210, and 1050, to 1110, intervals. You're You're demanding that you know a
2211 |2210 |03:14:46 ~-~-> 03:14:51 |whole lot more than you probably do in your skill set and your progress of of
2212 |2211 |03:14:51 ~-~-> 03:14:56 |learning how to reprice action. What I do is I'm putting your focus inside of
2213 |2212 |03:14:56 ~-~-> 03:15:02 |these specific windows of time. I. Where the setups will absolutely fucking be
2214 |2213 |03:15:02 ~-~-> 03:15:07 |there. You might get the direction wrong because you have not done enough work in
2215 |2214 |03:15:07 ~-~-> 03:15:14 |determining where price will be gravitating to you understand like
2216 |2215 |03:15:14 ~-~-> 03:15:19 |there's a certain measure of responsibility on your part, like you
2217 |2216 |03:15:19 ~-~-> 03:15:23 |still have to go back to square one, which is where is price being drawn to,
2218 |2217 |03:15:24 ~-~-> 03:15:29 |if your models don't start with that first foundational premise, everything
2219 |2218 |03:15:29 ~-~-> 03:15:36 |you do after that, or apart from that, is likely to fail, and you won't have
2220 |2219 |03:15:36 ~-~-> 03:15:41 |the courage to stick with any trade idea, because any little fluctuation and
2221 |2220 |03:15:41 ~-~-> 03:15:46 |return back into this right rally up. These are all ugly retracements. They're
2222 |2221 |03:15:46 ~-~-> 03:15:50 |all shitty retracements. I don't like price activity like that. I like price
2223 |2222 |03:15:50 ~-~-> 03:15:57 |action that has none of this shit in it, where it runs and creates very obvious
2224 |2223 |03:15:57 ~-~-> 03:16:00 |one point of inefficiency, a fair Vega, a buy side imbalance, outside
2225 |2224 |03:16:00 ~-~-> 03:16:04 |efficiency, or sell side imbalance, buy sign in efficiency. It's easy for me to
2226 |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
2227 |2226 |03:16:09 ~-~-> 03:16:13 |to read the price action the things I've taught, they can nod their head and say,
2228 |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
2229 |2228 |03:16:19 ~-~-> 03:16:25 |candlesticks are cars and trucks and tractor trailers on the highway, and the
2230 |2229 |03:16:25 ~-~-> 03:16:29 |highway is from this candlestick here to whatever this price is up here. Say you
2231 |2230 |03:16:29 ~-~-> 03:16:34 |had the foresight to know that from here to here, it's probably going to keep
2232 |2231 |03:16:34 ~-~-> 03:16:40 |going up. Okay? And this, this time of day
2233 |2232 |03:16:42 ~-~-> 03:16:48 |is three o'clock in the morning to five o'clock in the morning in your local
2234 |2233 |03:16:48 ~-~-> 03:16:55 |time, in your local time, okay? And then this right here is like eight o'clock to
2235 |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
2236 |2235 |03:16:59 ~-~-> 03:17:02 |can't go fucking nowhere. Everything's jammed to the gills. You can't do shit.
2237 |2236 |03:17:03 ~-~-> 03:17:06 |You're sitting out there cussing and wishing you weren't there. I should have
2238 |2237 |03:17:06 ~-~-> 03:17:09 |called out of work today. I should have wished I would have left earlier. I
2239 |2238 |03:17:09 ~-~-> 03:17:12 |should have got gas. I'm gonna ride a gas in a fucking accident up here. I
2240 |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
2241 |2240 |03:17:16 ~-~-> 03:17:19 |on. You're dealing with everybody's dealt with that before, right? Well,
2242 |2241 |03:17:20 ~-~-> 03:17:25 |look at all the congestion, even though this move has been going up. Look at the
2243 |2242 |03:17:25 ~-~-> 03:17:30 |congestion of back and forth, back and forth. You've seen the same guy or woman
2244 |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
2245 |2244 |03:17:35 ~-~-> 03:17:38 |within two car lengths of you and she's cussing and ranting, or even you're and
2246 |2245 |03:17:38 ~-~-> 03:17:41 |you're worried about not letting her get in front of you, or letting him get in
2247 |2246 |03:17:41 ~-~-> 03:17:45 |front of you, and they never find their way any further up the road. That's
2248 |2247 |03:17:45 ~-~-> 03:17:49 |what's going on back here, all through here. And then all of a sudden, you get
2249 |2248 |03:17:49 ~-~-> 03:17:54 |to six o'clock in the evening rush hour in the evening time is over, so the
2250 |2249 |03:17:54 ~-~-> 03:17:59 |traffic gets cleaner, and then all of a sudden, boom, it starts running because
2251 |2250 |03:17:59 ~-~-> 03:18:05 |there's no congestion. There's nothing slowing down the progress of price
2252 |2251 |03:18:05 ~-~-> 03:18:11 |delivery. If you're going to trade in environments like this, well, you're
2253 |2252 |03:18:12 ~-~-> 03:18:16 |going to do something I'm not interested in. And I can tell you right now, nobody
2254 |2253 |03:18:16 ~-~-> 03:18:20 |gives two shits about wanting to trade in this kind of mess here. Nobody's
2255 |2254 |03:18:20 ~-~-> 03:18:27 |going to put lipstick on this pig and say, How pretty is that? You're not
2256 |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
2257 |2256 |03:18:33 ~-~-> 03:18:36 |give a shit how much money you can prove after the fact that you made. You're
2258 |2257 |03:18:36 ~-~-> 03:18:39 |never going to convince people that this is the right place to be trading if they
2259 |2258 |03:18:39 ~-~-> 03:18:44 |know anything about reading price. Contrast that with when the market's
2260 |2259 |03:18:44 ~-~-> 03:18:49 |running real clean, you have nice run UPS obvious inefficiencies. There's gaps
2261 |2260 |03:18:49 ~-~-> 03:18:52 |there, and then it pulls back into those gaps. And you can reasonably expect it,
2262 |2261 |03:18:52 ~-~-> 03:18:56 |it's going to be bouncing and trade to another premium array. And then you can
2263 |2262 |03:18:56 ~-~-> 03:18:59 |judge whether or not it's going to stop there and go lower. You can swing trade
2264 |2263 |03:18:59 ~-~-> 03:19:04 |it. This is not a swing traders market. I guess it's probably would have been
2265 |2264 |03:19:04 ~-~-> 03:19:07 |better for me to say it that way. Earlier, I was trying to figure out how
2266 |2265 |03:19:07 ~-~-> 03:19:12 |to articulate what it was saying. I like a swing traders environment in intraday,
2267 |2266 |03:19:13 ~-~-> 03:19:17 |because I can buy and sell, buy and sell, go short, go long, in the same
2268 |2267 |03:19:17 ~-~-> 03:19:23 |trading day, in the same trading session, in the same hour. So if I can't
2269 |2268 |03:19:23 ~-~-> 03:19:27 |do those types of things, if I can't be like spider man web swinging back and
2270 |2269 |03:19:27 ~-~-> 03:19:30 |forth, up, down, up, down, that's usually an indication that I'm probably
2271 |2270 |03:19:30 ~-~-> 03:19:34 |not in a market environment or session that is conducive for me to be
2272 |2271 |03:19:34 ~-~-> 03:19:39 |comfortable. Can I squeeze something out clearly, as I outlined over here, I
2273 |2272 |03:19:39 ~-~-> 03:19:44 |could have very easily pushed a button on that and said, See, here you go. But
2274 |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
2275 |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
2276 |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
2277 |2276 |03:19:56 ~-~-> 03:19:59 |going to trade. And then I got there and trade and make, you know, 150 handles,
2278 |2277 |03:19:59 ~-~-> 03:20:02 |you. That's because of some asshole leaving and comment saying, oh, you
2279 |2278 |03:20:02 ~-~-> 03:20:05 |can't trade today because blah, blah, blah, and then I got to smoke them, and
2280 |2279 |03:20:05 ~-~-> 03:20:08 |I do their whole three months of whatever, whatever they pretend they
2281 |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
2282 |2281 |03:20:13 ~-~-> 03:20:17 |audience here, I'm practicing what I preach, because I want him to do those
2283 |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
2284 |2283 |03:20:23 ~-~-> 03:20:27 |doing these types of things, and also where dad has a little bit more
2285 |2284 |03:20:27 ~-~-> 03:20:33 |difficulty. Using days like this as a canvas to operate in. I can paint
2286 |2285 |03:20:34 ~-~-> 03:20:40 |whatever I want in terms of the hall or profit objective I want for the week I
2287 |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
2288 |2287 |03:20:49 ~-~-> 03:20:54 |saying in the presence of my son's attention, because I don't want him to
2289 |2288 |03:20:54 ~-~-> 03:20:59 |gravitate to the things that seem sexy, attractive, action pack that way it
2290 |2289 |03:20:59 ~-~-> 03:21:04 |draws attention. For the sake of drawing attention, I want him to be bored when
2291 |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
2292 |2291 |03:21:07 ~-~-> 03:21:12 |not influenced by fear and greed, and that's a very delicate thing to balance,
2293 |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
2294 |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
2295 |2294 |03:21:22 ~-~-> 03:21:27 |be teaching, but I was charging people money in my 20s because I had initial
2296 |2295 |03:21:27 ~-~-> 03:21:33 |success that was completely blind luck. I could not do what you're able to watch
2297 |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
2298 |2297 |03:21:41 ~-~-> 03:21:45 |affinity for other people and concern for other people, because I harmed
2299 |2298 |03:21:45 ~-~-> 03:21:51 |myself with these markets too. It hasn't always been good. In my 20s, it was a
2300 |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
2301 |2300 |03:21:56 ~-~-> 03:22:02 |that, and he can take all the advantages and the painful lessons I learned and do
2302 |2301 |03:22:02 ~-~-> 03:22:07 |the right things. Speed up his learning. Not that I want to make it faster, but
2303 |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
2304 |2303 |03:22:11 ~-~-> 03:22:15 |learning curve is shortened by you learning initially, in the early stages,
2305 |2304 |03:22:15 ~-~-> 03:22:22 |how you're going to probably mess it up. And 90% of those things, are you
2306 |2305 |03:22:22 ~-~-> 03:22:27 |yourself? You're the catalyst that causes those things. It's not poor
2307 |2306 |03:22:27 ~-~-> 03:22:30 |information, it's not incomplete lectures, it's not concepts that don't
2308 |2307 |03:22:30 ~-~-> 03:22:37 |work. It's you doing things that were not taught to you. You're you're trying
2309 |2308 |03:22:37 ~-~-> 03:22:43 |to reinvent it, trying to do something into something different, or you're not
2310 |2309 |03:22:43 ~-~-> 03:22:50 |following the rules at all. And if you can't do those two things, you can't
2311 |2310 |03:22:50 ~-~-> 03:22:54 |reasonably expect to be able to be productive and profitable in your
2312 |2311 |03:22:54 ~-~-> 03:22:59 |learning or eventually being profitable in terms of making money, because you're
2313 |2312 |03:22:59 ~-~-> 03:23:06 |not doing all the things you're supposed to do. So tomorrow, we're going to talk
2314 |2313 |03:23:06 ~-~-> 03:23:09 |a little bit about turtle soup. I was going to talk about it Friday, but I
2315 |2314 |03:23:09 ~-~-> 03:23:15 |lost my train of thought and because my son was sitting next to me, and it just,
2316 |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
2317 |2316 |03:23:22 ~-~-> 03:23:26 |to leave early anyway, and it just, it didn't work out. So tomorrow we're going
2318 |2317 |03:23:26 ~-~-> 03:23:33 |to talk about turtle soup and reversal patterns, you know, around that same
2319 |2318 |03:23:33 ~-~-> 03:23:38 |subject matter. But I'll, I'll give you my view as prices, you know, real time
2320 |2319 |03:23:38 ~-~-> 03:23:42 |producing its runs too. But the main focus tomorrow is going to be teaching
2321 |2320 |03:23:42 ~-~-> 03:23:49 |turtle suit. So it's a reversal program. It's a reversal pattern idea. It's a
2322 |2321 |03:23:49 ~-~-> 03:23:56 |methodology for capturing reversals. And I think you'll enjoy it. It's not a
2323 |2322 |03:23:56 ~-~-> 03:24:00 |great deal of moving parts, but the logic is very simple, and when to look
2324 |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
2325 |2324 |03:24:04 ~-~-> 03:24:13 |highlighting personal attributes about days like this, where I'm comfortable
2326 |2325 |03:24:13 ~-~-> 03:24:18 |being in front of you telling you that it might go higher, but I'm not
2327 |2326 |03:24:18 ~-~-> 03:24:22 |interested in being in This market, because I know that this one singular
2328 |2327 |03:24:22 ~-~-> 03:24:31 |candle isn't the entire capsulation of my trading career. It doesn't limit my
2329 |2328 |03:24:31 ~-~-> 03:24:35 |opportunities, because this is the day that I'm watching live with you. Just
2330 |2329 |03:24:35 ~-~-> 03:24:38 |look at what we were doing last week. Look at what we were able to do
2331 |2330 |03:24:38 ~-~-> 03:24:44 |yesterday. So unfortunately, when I do live streams and or I talk about price
2332 |2331 |03:24:44 ~-~-> 03:24:48 |action live, when I was on Twitter, calling every individual candlestick
2333 |2332 |03:24:48 ~-~-> 03:24:52 |before it happened, and what it would be reaching for, the idea is that, well,
2334 |2333 |03:24:52 ~-~-> 03:24:58 |ICT is always in there every single day, killing it every single day. And I'm not
2335 |2334 |03:24:58 ~-~-> 03:25:03 |many times you. If it's around a report day like this, if it behaves like this,
2336 |2335 |03:25:03 ~-~-> 03:25:09 |I won't touch it like I'll talk to traders online. You know, everybody
2337 |2336 |03:25:09 ~-~-> 03:25:12 |obviously has my phone number because it's, it's public knowledge, and I have
2338 |2337 |03:25:12 ~-~-> 03:25:16 |students that shared it, and I have people that trolled me and sent me, not
2339 |2338 |03:25:16 ~-~-> 03:25:22 |non nonsensical bullshit the but I do communicate with, you know, people on
2340 |2339 |03:25:22 ~-~-> 03:25:26 |the internet that are traders, and our YouTube, YouTube traders, the live
2341 |2340 |03:25:26 ~-~-> 03:25:31 |stream and whatnot. And sometimes we'll check in with each other. And then,
2342 |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,
2343 |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
2344 |2343 |03:25:38 ~-~-> 03:25:42 |you like to do differently if you could go back and do that. Now, obviously I
2345 |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
2346 |2345 |03:25:47 ~-~-> 03:25:53 |believe I've built a rapport with certain individuals, and they're very
2347 |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,
2348 |2347 |03:25:57 ~-~-> 03:26:01 |and I like seeing that. I like seeing that. They're flexible enough to say,
2349 |2348 |03:26:01 ~-~-> 03:26:01 |you know, this
2350 |2349 |03:26:01 ~-~-> 03:26:04 |is what I would have liked to do differently. But they don't beat
2351 |2350 |03:26:04 ~-~-> 03:26:08 |themselves up about I like that. And if they try to, I kind of refer,
2352 |2351 |03:26:08 ~-~-> 03:26:13 |reformulate their statements in a manner. So it's like, yeah, I get what
2353 |2352 |03:26:13 ~-~-> 03:26:16 |you're saying, but say it like this. That way, it doesn't feel like you're
2354 |2353 |03:26:16 ~-~-> 03:26:20 |you're whipping yourself in the in the woodshed. But anyway, this is one of
2355 |2354 |03:26:20 ~-~-> 03:26:24 |those lectures and lessons that I honestly would have paid fucking money
2356 |2355 |03:26:24 ~-~-> 03:26:28 |for this, like I would have paid money for this, and if I would have paid
2357 |2356 |03:26:28 ~-~-> 03:26:32 |money, and I had sat through this today, I would have got my money's worth and
2358 |2357 |03:26:32 ~-~-> 03:26:38 |more, because, having gone through initial stages of thinking, I figured it
2359 |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
2360 |2359 |03:26:43 ~-~-> 03:26:48 |supposed to be feeling, or how to identify certain times of the market
2361 |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
2362 |2361 |03:26:53 ~-~-> 03:27:01 |don't have any there's nothing that I feel as a embarrassment saying this, and
2363 |2362 |03:27:01 ~-~-> 03:27:10 |I hopefully have disarmed many of you that probably feel like that's bothering
2364 |2363 |03:27:10 ~-~-> 03:27:15 |me. It feels like, you know, I don't want to admit some frailty, you know, I
2365 |2364 |03:27:15 ~-~-> 03:27:19 |want everything to be like, you know, I'm, I'm Superman, like, I have no
2366 |2365 |03:27:19 ~-~-> 03:27:23 |weaknesses, but everybody, even Superman, has a kryptonite. And the
2367 |2366 |03:27:23 ~-~-> 03:27:27 |sooner you warm up to the idea that you're not expected to be perfect and
2368 |2367 |03:27:27 ~-~-> 03:27:33 |you don't have to trade every single day, that is such a very liberating
2369 |2368 |03:27:34 ~-~-> 03:27:40 |frame of mind. It's very liberating to feel like you know what, as a constant
2370 |2369 |03:27:40 ~-~-> 03:27:44 |reminder before you start trading, you should write it down in your pad that's
2371 |2370 |03:27:44 ~-~-> 03:27:49 |next to your computer, not on your screen, and remind yourself, if it
2372 |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
2373 |2372 |03:27:53 ~-~-> 03:28:00 |don't have to trade. And if live streamers did that, you wouldn't see
2374 |2373 |03:28:00 ~-~-> 03:28:04 |them lose as many times as they do, and there's nothing wrong with losing. I'm
2375 |2374 |03:28:04 ~-~-> 03:28:09 |not making a sharp, pointed statement, but I believe wholeheartedly, and the
2376 |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
2377 |2376 |03:28:13 ~-~-> 03:28:19 |about. They do things many times because they sat for a long period of time, and
2378 |2377 |03:28:19 ~-~-> 03:28:23 |they have an audience, and that audience is in the chat window, and they can say
2379 |2378 |03:28:23 ~-~-> 03:28:26 |they don't want to look at every chat, but the times they feel uncomfortable
2380 |2379 |03:28:26 ~-~-> 03:28:29 |because they know they haven't pushed a button, they haven't done anything, they
2381 |2380 |03:28:29 ~-~-> 03:28:32 |haven't explained anything, they haven't called something before it happened,
2382 |2381 |03:28:32 ~-~-> 03:28:37 |they know that the the natives are getting restless. They want to see
2383 |2382 |03:28:37 ~-~-> 03:28:40 |something. They want to see something. They've been there. They've invested
2384 |2383 |03:28:40 ~-~-> 03:28:44 |their time watching you, listening to you, looking at your live stream, and
2385 |2384 |03:28:44 ~-~-> 03:28:48 |what have you done in their mind? You've wasted their time. No, they wasted their
2386 |2385 |03:28:48 ~-~-> 03:28:54 |time. Any of you sitting here today, if you didn't get something from this, you
2387 |2386 |03:28:54 ~-~-> 03:29:01 |wasted your time. I didn't waste my time. I've invested into my son with
2388 |2387 |03:29:01 ~-~-> 03:29:05 |things that are absolutely grounded in making or losing real money based on
2389 |2388 |03:29:05 ~-~-> 03:29:13 |real executions and the lessons I had to learn painfully, painfully, and it took
2390 |2389 |03:29:13 ~-~-> 03:29:17 |a lot for me to wrestle myself into submission, saying, Okay, if I see these
2391 |2390 |03:29:17 ~-~-> 03:29:21 |things, I'm not trying to prove myself in these conditions. I'm not trying to
2392 |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
2393 |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
2394 |2393 |03:29:35 ~-~-> 03:29:41 |things in my favor. And if I choose to operate all my trading like that. Guess
2395 |2394 |03:29:41 ~-~-> 03:29:48 |what that does that refines you as a very mature principle oriented investor
2396 |2395 |03:29:48 ~-~-> 03:29:51 |and trader. That means you're not out there just pushing the buttons for the
2397 |2396 |03:29:51 ~-~-> 03:29:56 |to your gamble and thrill of it. You're weighing out all the ramifications of
2398 |2397 |03:29:56 ~-~-> 03:30:00 |your decisions. You're not limiting you're not limiting it to just. Dopamine
2399 |2398 |03:30:00 ~-~-> 03:30:05 |hit. If you did it right? Are you really following a model? Because if you have a
2400 |2399 |03:30:05 ~-~-> 03:30:09 |model that you're following, it's going to have certain measures of criteria,
2401 |2400 |03:30:09 ~-~-> 03:30:12 |like we're talking about here. There has to be something that frames a day that
2402 |2401 |03:30:12 ~-~-> 03:30:17 |you are not allowed to touch. It cannot be open season every day. So to people
2403 |2402 |03:30:17 ~-~-> 03:30:21 |that say every day is a trading day, every day is a profitable day. You're
2404 |2403 |03:30:21 ~-~-> 03:30:27 |listening to a gambler period. Okay? They're training you to try to go in
2405 |2404 |03:30:27 ~-~-> 03:30:33 |there on every instance, every instance, every single day, because the market's
2406 |2405 |03:30:33 ~-~-> 03:30:37 |trading, therefore you should go in there. No should you be in there,
2407 |2406 |03:30:37 ~-~-> 03:30:44 |engaging and studying price every day, absolutely. But you should not have the
2408 |2407 |03:30:44 ~-~-> 03:30:47 |mindset going in. You don't know what you're doing. You've never been
2409 |2408 |03:30:47 ~-~-> 03:30:51 |profitable. You're learning. You should not have the expectation of going in
2410 |2409 |03:30:51 ~-~-> 03:31:01 |every single day. No way, absolutely not. No way. You're setting yourself up
2411 |2410 |03:31:01 ~-~-> 03:31:09 |for unrealistic expectations never being met. And I know that isn't sexy to say
2412 |2411 |03:31:09 ~-~-> 03:31:13 |those types of things, but it's the that's the sound logic that a new
2413 |2412 |03:31:13 ~-~-> 03:31:17 |student should adhere to in the beginning. And then when you when you
2414 |2413 |03:31:17 ~-~-> 03:31:21 |finally get your model, you may have another model in addition to the one you
2415 |2414 |03:31:22 ~-~-> 03:31:28 |subscribe to and use predominantly, but you'll have a very specific routine that
2416 |2415 |03:31:28 ~-~-> 03:31:32 |you use. If it meets the criteria for trades, then you'll take it. When you
2417 |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
2418 |2417 |03:31:37 ~-~-> 03:31:42 |what that old mother fucker was, right? He was talking truth, and I didn't want
2419 |2418 |03:31:42 ~-~-> 03:31:45 |to receive it then, because I want to trade every day, because everyday
2420 |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
2421 |2420 |03:31:54 ~-~-> 03:31:58 |be a legend. I just want to be consistent, and I want to live my life
2422 |2421 |03:31:59 ~-~-> 03:32:02 |and know that what I'm doing isn't going to drain me emotionally and
2423 |2422 |03:32:02 ~-~-> 03:32:06 |psychologically. I'm not going to have regret I don't feel I don't like
2424 |2423 |03:32:06 ~-~-> 03:32:10 |gambling. I hate gambling. If I like gambling, I would play cards, and I'd
2425 |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
2426 |2425 |03:32:14 ~-~-> 03:32:18 |can stack a deck. I can do all that kind of stuff. I have built in advantages,
2427 |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
2428 |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
2429 |2428 |03:32:29 ~-~-> 03:32:34 |very boring things, like watching these candlesticks behave at a specific time
2430 |2429 |03:32:34 ~-~-> 03:32:38 |of day in an environment where it's conducive for it to be recognizable.
2431 |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,
2432 |2431 |03:32:47 ~-~-> 03:32:53 |Man, I'm missing so much, that's highlighting impatience and greed, and
2433 |2432 |03:32:53 ~-~-> 03:32:59 |those two things together, they're deadly, and you have to master them
2434 |2433 |03:32:59 ~-~-> 03:33:05 |early, and that means by watching price and giving yourself permission, I'm not
2435 |2434 |03:33:05 ~-~-> 03:33:11 |going to try to trade, even if this thing keeps going. I don't care, because
2436 |2435 |03:33:11 ~-~-> 03:33:18 |the visibility is beyond just today. Caleb will not be able to trade every
2437 |2436 |03:33:18 ~-~-> 03:33:26 |single day. His job won't allow for that. So a lesson like this helps him to
2438 |2437 |03:33:26 ~-~-> 03:33:31 |ground himself knowing that, okay, just because the market is trading and just
2439 |2438 |03:33:31 ~-~-> 03:33:37 |because there are fluctuations in price and it's moving, doesn't mean that I
2440 |2439 |03:33:37 ~-~-> 03:33:42 |have to be in that day because his schedule, his workload, something else
2441 |2440 |03:33:42 ~-~-> 03:33:46 |happening may prevent him from doing that. And I don't hear enough of that
2442 |2441 |03:33:46 ~-~-> 03:33:51 |taught by these pseudo mentors, these educators. Everything's Go, go, go, go,
2443 |2442 |03:33:51 ~-~-> 03:33:57 |go. Everything's maximum, maximum, maximum. Everything is trying to make
2444 |2443 |03:33:57 ~-~-> 03:34:05 |money, make executions, make trades, get payouts, not realizing that these same
2445 |2444 |03:34:05 ~-~-> 03:34:09 |individuals are making money off of you doing that and not being successful,
2446 |2445 |03:34:09 ~-~-> 03:34:13 |because every single time you use an affiliate link, they're making money.
2447 |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
2448 |2447 |03:34:21 ~-~-> 03:34:26 |not throwing shade or anything. I'm just making you remember for a second if the
2449 |2448 |03:34:26 ~-~-> 03:34:32 |if the constant reminder is Go, go, go, baby. Well, don't be surprised when it's
2450 |2449 |03:34:32 ~-~-> 03:34:36 |gone in 30 seconds and you have to pay another reset fee. It's a built in
2451 |2450 |03:34:36 ~-~-> 03:34:41 |advantage for that. It's a built in advantage for anybody with an affiliate
2452 |2451 |03:34:41 ~-~-> 03:34:49 |link to get other people to do these very poor choices, go out there and
2453 |2452 |03:34:49 ~-~-> 03:34:54 |trade, I can teach at trade in X amount of days, three months, four months, one
2454 |2453 |03:34:54 ~-~-> 03:34:58 |month, one week, one week. Workshop, one one weekend. Spend a weekend with me,
2455 |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
2456 |2455 |03:35:04 ~-~-> 03:35:09 |step back and say, Okay, where's the where's the motivation here. If I had an
2457 |2456 |03:35:09 ~-~-> 03:35:14 |affiliate link with people, any one of these brokerage firms, and they've most
2458 |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
2459 |2458 |03:35:20 ~-~-> 03:35:24 |influence that I have? And if I said, listen, here's the affiliate link, I
2460 |2459 |03:35:24 ~-~-> 03:35:29 |could probably make millions of dollars doing that. And I'm not here doing that,
2461 |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
2462 |2461 |03:35:34 ~-~-> 03:35:39 |cut off here, because I gotta get something you haven't eaten today. He
2463 |2462 |03:35:39 ~-~-> 03:35:43 |says, You know what? I like listening to you, and I love your long ones, because
2464 |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
2465 |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
2466 |2465 |03:35:54 ~-~-> 03:35:57 |Caleb as I'm obviously doing these live streams, because that's my target
2467 |2466 |03:35:57 ~-~-> 03:35:58 |audience. But
2468 |2467 |03:36:00 ~-~-> 03:36:05 |I liked his comment where he's like, I like the fact that you are spending time
2469 |2468 |03:36:06 ~-~-> 03:36:11 |I'm I live comfortably, okay? And when I said last week that I'm a millionaire,
2470 |2469 |03:36:11 ~-~-> 03:36:15 |that was not me bragging. I'm just reminding folks that I don't have to go
2471 |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
2472 |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
2473 |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
2474 |2473 |03:36:29 ~-~-> 03:36:32 |said this many times in passing, when people would be upset with me because I
2475 |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
2476 |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
2477 |2476 |03:36:43 ~-~-> 03:36:48 |spend my time in front of you, but I think you can appreciate that I enjoy it
2478 |2477 |03:36:48 ~-~-> 03:36:55 |right? Like, I love doing this, like I love it. And really, I'm not getting a
2479 |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
2480 |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
2481 |2480 |03:37:08 ~-~-> 03:37:11 |drought and the things I wanted to get done. I had some lighting put around
2482 |2481 |03:37:11 ~-~-> 03:37:19 |outside the house. That's $33,000 I spent 3000 plus of it was just basically
2483 |2482 |03:37:19 ~-~-> 03:37:22 |paying for the lawn care each week. But everything else was stuff I was being
2484 |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,
2485 |2484 |03:37:30 ~-~-> 03:37:37 |nine months, just for things for my house. And my wife is constantly looking
2486 |2485 |03:37:38 ~-~-> 03:37:45 |she's constantly looking for shit that we don't need. Okay, so I don't need
2487 |2486 |03:37:45 ~-~-> 03:37:51 |this for money, but I do enjoy doing, and once I start doing it, because it's
2488 |2487 |03:37:51 ~-~-> 03:37:55 |my whole life, I enjoy doing and I want to pour myself into it, and because I
2489 |2488 |03:37:55 ~-~-> 03:38:03 |want my son to have every aspect, every subtle nuance. That's why it's here. So
2490 |2489 |03:38:03 ~-~-> 03:38:08 |when you send me comments for the few little soy boys that do this, say you
2491 |2490 |03:38:08 ~-~-> 03:38:12 |talk too much. You talk too much for a grown man, I broom you because you're
2492 |2491 |03:38:12 ~-~-> 03:38:16 |insignificant. You're a nobody that's never going to be successful at this
2493 |2492 |03:38:16 ~-~-> 03:38:23 |because you can't appreciate complete understanding being shared with you. You
2494 |2493 |03:38:23 ~-~-> 03:38:26 |can watch everybody else out there. They're not they're not going to explain
2495 |2494 |03:38:26 ~-~-> 03:38:28 |to you why and when it's going to happen. You're not going to get that.
2496 |2495 |03:38:29 ~-~-> 03:38:32 |They might get lucky once a while chasing a momentum run, but you're never
2497 |2496 |03:38:32 ~-~-> 03:38:36 |going to hear them explain beforehand why it should do this. And it be this
2498 |2497 |03:38:36 ~-~-> 03:38:40 |precise. You won't hear them explain why they don't like a certain market
2499 |2498 |03:38:40 ~-~-> 03:38:45 |condition, because that means you're going to be doing little or less or not
2500 |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
2501 |2500 |03:38:50 ~-~-> 03:38:56 |care if this viewership drops down to one, because that's my son watching. He
2502 |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
2503 |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
2504 |2503 |03:39:09 ~-~-> 03:39:14 |say, Look, we don't like asking dad questions, because it's going to take an
2505 |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
2506 |2505 |03:39:18 ~-~-> 03:39:23 |going to make sure you under you had enough interest to ask me knowing full
2507 |2506 |03:39:23 ~-~-> 03:39:27 |fucking well that I am a mouth. I will talk and talk and talk and talk, not
2508 |2507 |03:39:27 ~-~-> 03:39:30 |because I like the sound of my voice, but because I want you to know that you
2509 |2508 |03:39:30 ~-~-> 03:39:35 |know you asked if I understand it and I know the question, and then I know the
2510 |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
2511 |2510 |03:39:39 ~-~-> 03:39:45 |never need to ask that question again, but now he's asked about trading in the
2512 |2511 |03:39:45 ~-~-> 03:39:51 |markets. So yes, Virginia, we're going around the mountain the long fucking
2513 |2512 |03:39:51 ~-~-> 03:39:55 |way. Okay? Because I want him to know everything, because Tomorrow is not
2514 |2513 |03:39:55 ~-~-> 03:39:59 |promised to me. I could, I could be taken out of here tomorrow. Lord says,
2515 |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
2516 |2515 |03:40:02 ~-~-> 03:40:06 |it. He could take me right now and then. He's only got everything I've ever
2517 |2516 |03:40:06 ~-~-> 03:40:11 |recorded in all of my journals, and those journals are not going to be
2518 |2517 |03:40:11 ~-~-> 03:40:15 |decipherable by the just reading them. I can place them in any one of your hands,
2519 |2518 |03:40:15 ~-~-> 03:40:19 |and you're not going to understand shit, because the the language that I'm using
2520 |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
2521 |2520 |03:40:26 ~-~-> 03:40:30 |something that it's an easy download and it's there. He's gotta go through the
2522 |2521 |03:40:30 ~-~-> 03:40:36 |same growth that anyone of you have gone through. The difference is, is I'm not
2523 |2522 |03:40:36 ~-~-> 03:40:42 |holding back anything, whereas, hell, I've held back a lot because it's been
2524 |2523 |03:40:42 ~-~-> 03:40:49 |abused. It's been marketed by people to make money. Some ass has still trying to
2525 |2524 |03:40:49 ~-~-> 03:40:51 |sell mentorship videos when it's still right here on the YouTube channel for
2526 |2525 |03:40:51 ~-~-> 03:40:56 |free, and the people that paid that person are stupid. They're fucking
2527 |2526 |03:40:56 ~-~-> 03:41:01 |stupid, like if you're literally paying anything for any smart money concepts
2528 |2527 |03:41:02 ~-~-> 03:41:07 |ICT related anything. If you're paying for that, you're an idiot. Like I'm
2529 |2528 |03:41:07 ~-~-> 03:41:12 |literally here right now teaching over live data, and I've uploaded the
2530 |2529 |03:41:12 ~-~-> 03:41:17 |mentorship videos on YouTube channel. They're in the playlists. I don't get
2531 |2530 |03:41:17 ~-~-> 03:41:21 |it, and there's people email me every day. Can you can you do another paid
2532 |2531 |03:41:21 ~-~-> 03:41:27 |mentorship? Why I'm doing more than I did here, than I did for them? Let it
2533 |2532 |03:41:27 ~-~-> 03:41:31 |sink in. I'm literally doing this with no reservations. I'm telling you what's
2534 |2533 |03:41:31 ~-~-> 03:41:35 |going to happen, how to use the information, very specific elements, to
2535 |2534 |03:41:35 ~-~-> 03:41:39 |the macros, to the inefficiencies, how they'll get the bias. That's a straight
2536 |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
2537 |2536 |03:41:49 ~-~-> 03:41:54 |that's all I've been teaching thus far. You're not What are you listening to?
2538 |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
2539 |2538 |03:42:04 ~-~-> 03:42:08 |a daily chart, and I'll take one quick peek at it, leave you with any
2540 |2539 |03:42:08 ~-~-> 03:42:13 |commentary in regards to where it might still reach for and then we'll close it,
2541 |2540 |03:42:13 ~-~-> 03:42:24 |and I'll have lunch. Already. I you. So here's the volume and bounce. I took
2542 |2541 |03:42:24 ~-~-> 03:42:29 |your attention to earlier. We've traded to that and through it this up close
2543 |2542 |03:42:29 ~-~-> 03:42:40 |candle right here. You want to measure that to the high, okay, so that's mean
2544 |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
2545 |2544 |03:42:46 ~-~-> 03:42:55 |wants to keep going higher and go beyond the previous new week opening gap which
2546 |2545 |03:42:55 ~-~-> 03:43:02 |is high, the high here, you see it right there, where we stopped trading and we
2547 |2546 |03:43:02 ~-~-> 03:43:07 |opened the next trading session. That's you can see that level here. That's a
2548 |2547 |03:43:07 ~-~-> 03:43:12 |level to look for, to trade to, and then the middle or mean threshold of that up
2549 |2548 |03:43:12 ~-~-> 03:43:16 |close can look prior to that drop down that midpoint right there. Now, if we
2550 |2549 |03:43:16 ~-~-> 03:43:21 |start exploring anything above that 255 level, then they're going to want to run
2551 |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
2552 |2551 |03:43:28 ~-~-> 03:43:34 |huge disparity between where we closed here and where we opened there. That's a
2553 |2552 |03:43:34 ~-~-> 03:43:41 |huge gap. So longer, longer term, if they want to pump this up, and it can
2554 |2553 |03:43:41 ~-~-> 03:43:45 |happen, because it's an election year, barring anything really catastrophic
2555 |2554 |03:43:45 ~-~-> 03:43:50 |taking place over in Middle East, it would be reasonable to see it. Want to
2556 |2555 |03:43:50 ~-~-> 03:43:56 |take this high and maybe even go up into this area here. But I'm not demanding
2557 |2556 |03:43:56 ~-~-> 03:44:01 |that. I'm not holding for something like that, but for the sake of this point in
2558 |2557 |03:44:01 ~-~-> 03:44:06 |your attention to something because, you know, without any real bad news, without
2559 |2558 |03:44:06 ~-~-> 03:44:10 |any mushroom clouds popping off, you know, any terrible things like that
2560 |2559 |03:44:11 ~-~-> 03:44:14 |occurring, they're going to try to keep pumping this up, because it's in their
2561 |2560 |03:44:14 ~-~-> 03:44:18 |vested interest to make it look like the economy is good. And everybody thinks
2562 |2561 |03:44:18 ~-~-> 03:44:21 |the economy is measured by the stock market, and it's not. They're not.
2563 |2562 |03:44:21 ~-~-> 03:44:28 |That's not, that's not a real value. The volume and balance here, that would be
2564 |2563 |03:44:28 ~-~-> 03:44:33 |the highest extreme for this year at the present, right now, looking at the
2565 |2564 |03:44:33 ~-~-> 03:44:37 |chart, if it were going to go up from where we're at now, any higher, the
2566 |2565 |03:44:37 ~-~-> 03:44:41 |highest that I would want it to go to and feel comfortable and reasonably
2567 |2566 |03:44:41 ~-~-> 03:44:44 |expecting it to do. So would be that volume and balance right here? Okay, am
2568 |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
2569 |2568 |03:44:48 ~-~-> 03:44:53 |this question, because they can't trade with intraday charts, they want to know
2570 |2569 |03:44:53 ~-~-> 03:44:56 |this. You know, if you were looking at the daily chart, how far can it go?
2571 |2570 |03:44:56 ~-~-> 03:44:59 |Because they can only trade longer term and use a daily chart. So for the
2572 |2571 |03:44:59 ~-~-> 03:45:02 |people. They're bitching, complaining about this stuff and saying, Why are you
2573 |2572 |03:45:02 ~-~-> 03:45:05 |talking about this? I don't care about this. You're not my only student. And
2574 |2573 |03:45:05 ~-~-> 03:45:09 |for the people that take the time to write that kind of stuff, I never get to
2575 |2574 |03:45:09 ~-~-> 03:45:11 |see your comments again. So just know that you can say anything you want in
2576 |2575 |03:45:11 ~-~-> 03:45:16 |your last day, because I never see your stupid shit again. But liquidity rests
2577 |2576 |03:45:16 ~-~-> 03:45:24 |here, and it volume and balances there, and I I think that's it. This is all
2578 |2577 |03:45:24 ~-~-> 03:45:29 |based on the fact that we didn't see anything pop off with Iran and Israel to
2579 |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
2580 |2579 |03:45:33 ~-~-> 03:45:39 |just being organized in sentiment that, okay, everything's safe right now. Does
2581 |2580 |03:45:39 ~-~-> 03:45:43 |it stay that way? Who knows? All it takes is the right thing dropping in the
2582 |2581 |03:45:43 ~-~-> 03:45:48 |right place and all hell breaks loose. So barring any of those types of things,
2583 |2582 |03:45:48 ~-~-> 03:45:52 |we're probably going to continue, keep pressing up and challenging, you know,
2584 |2583 |03:45:52 ~-~-> 03:45:55 |the midpoint of that inefficiency, and therefore,
2585 |2584 |03:45:57 ~-~-> 03:46:01 |to stick with an underlying narrative and don't try to fight it. Otherwise, I
2586 |2585 |03:46:01 ~-~-> 03:46:05 |will be back with you all again tomorrow. I do not absolutely want to
2587 |2586 |03:46:05 ~-~-> 03:46:08 |spend this much time tomorrow. I know some of you complain that the videos are
2588 |2587 |03:46:08 ~-~-> 03:46:11 |too long and you can't digest them because it's too much, because you work
2589 |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
2590 |2589 |03:46:16 ~-~-> 03:46:21 |here for a complete overview, a complete rundown, everything, because it's my
2591 |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
2592 |2591 |03:46:26 ~-~-> 03:46:31 |talking to you, but I'm talking to Caleb. So you're just here listening.
2593 |2592 |03:46:31 ~-~-> 03:46:36 |You're over. You know your eavesdropping, your eavesdropping by
2594 |2593 |03:46:36 ~-~-> 03:46:40 |invitation. Just remember that. So you're a guest, and you don't get to
2595 |2594 |03:46:40 ~-~-> 03:46:44 |tell me what you want. You can, but I don't need ever seeing your comments
2596 |2595 |03:46:44 ~-~-> 03:46:49 |ever again. But that's why it's a long way around the mountain. Because it's
2597 |2596 |03:46:49 ~-~-> 03:46:52 |it's my son asking, and I want him to have all the details, all of the
2598 |2597 |03:46:52 ~-~-> 03:46:56 |ramifications that will be met by him and his development, all of the
2599 |2598 |03:46:56 ~-~-> 03:46:59 |circumstances that will feel daunting, all the things and how to get around it,
2600 |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
2601 |2600 |03:47:05 ~-~-> 03:47:12 |what I'm including. This is me mentoring my son, and I don't want insight from
2602 |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.
2603 |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
2604 |2603 |03:47:20 ~-~-> 03:47:26 |dad. So no one's going to have the right answer beyond me. So while I appreciate
2605 |2604 |03:47:26 ~-~-> 03:47:30 |your enthusiasm and trying to feel like you're having an input in it, you don't
2606 |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
2607 |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
2608 |2607 |03:47:38 ~-~-> 03:47:43 |today. I think I've communicated, but rather effectively, that you don't have
2609 |2608 |03:47:43 ~-~-> 03:47:46 |to do something every single day. You don't have to know everything if it's
2610 |2609 |03:47:46 ~-~-> 03:47:52 |going against the grain that you are outlining for your model. Be flexible
2611 |2610 |03:47:52 ~-~-> 03:47:57 |with yourself. Give yourself permission in the beginning and just relax after it
2612 |2611 |03:47:57 ~-~-> 03:48:02 |happens, after it forms. Go back in and study what was presented, and hold
2613 |2612 |03:48:02 ~-~-> 03:48:05 |nothing over your head as a punishment, saying, well, I should have saw that,
2614 |2613 |03:48:05 ~-~-> 03:48:08 |because in the beginning you shouldn't. You're learning how to do that. And
2615 |2614 |03:48:08 ~-~-> 03:48:14 |there were time you'll pick it up. I promise, son, you will get this. But you
2616 |2615 |03:48:14 ~-~-> 03:48:18 |have to take things bite size, bite size at a time, and eventually you'll have
2617 |2616 |03:48:18 ~-~-> 03:48:22 |more experience. You'll start finishing my sentences like you do when we're
2618 |2617 |03:48:22 ~-~-> 03:48:26 |talking about the Bible, and all these things will start to become second
2619 |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
2620 |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
2621 |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
2622 |2621 |03:48:39 ~-~-> 03:48:43 |soon, but that's where we're aiming for we're aiming for you knowing where the
2623 |2622 |03:48:43 ~-~-> 03:48:48 |mark is going to go. Once we get there, then we can start fleshing out some more
2624 |2623 |03:48:48 ~-~-> 03:48:53 |stuff. But until tomorrow, 915 or so, Lord willing, I will talk with you all.
2625 |2624 |03:48:53 ~-~-> 03:48:55 |Then be safe. I.