ICT YT - 2024-08-19 - ICT 2024 Mentorship - Lecture 11-summary

Last modified by Drunk Monkey on 2024-08-31 08:10

1	00:01:40 --> 00:01:47	ICT: Well, good morning, folks, just an audio check real quick.
2	00:01:57 --> 00:01:58	All right, latency test now i
3	00:02:03 --> 00:02:05	It's about three seconds.
4	00:02:10 --> 00:02:12	Not bad, not bad. Hope you're all doing well.
5	00:02:13 --> 00:02:15	Give your body a minute or two here. I
6	00:02:35 --> 00:02:37	this might get a couple 1000 marks before I start talking. I
7	00:02:47 --> 00:02:55	right again. Good morning. Happy Monday to you. So we are looking at the NASDAQ
8	00:02:55 --> 00:03:02	here, and I'm sure some of you are wondering, What on earth is ICT hiding?
9	00:03:02 --> 00:03:06	Look in the upper left to see that some of you have actually been leaving
10	00:03:06 --> 00:03:13	comments saying, all right, you would indicate your height. I have students
11	00:03:13 --> 00:03:20	all around the world that will tip me off on some things about some tools or
12	00:03:21 --> 00:03:26	little things that trading view. Then they would say, see me doing something,
13	00:03:26 --> 00:03:29	maybe online, shooting or something and recording. And they'll say, Hey, look at
14	00:03:29 --> 00:03:33	look at this. ICT, I think this will be helpful for the most part. Most of the
15	00:03:33 --> 00:03:36	things that they tell me either I know about because another student has taught
16	00:03:36 --> 00:03:41	me about trading views, little hot buttons or shortcuts, which I'm thankful
17	00:03:41 --> 00:03:45	for. I'm not so old and set my ways. I won't learn something from someone, even
18	00:03:45 --> 00:03:48	a student, if it's useful, not in trading, but in technical stuff, like
19	00:03:48 --> 00:03:58	trading view. But the little thing here is just the watermarks. Now this is a
20	00:03:58 --> 00:04:03	plug for any one of these individuals. I'm trained. I'm testing them to see if
21	00:04:03 --> 00:04:08	they accomplish what I want. And honestly, this is not big enough for me.
22	00:04:09 --> 00:04:15	I like to be a little bit more, not just larger than that. And this is just me.
23	00:04:15 --> 00:04:19	What I usually do. I just add something, I move it around, because there's
24	00:04:19 --> 00:04:24	dipshits on other platforms, and they take my content and they act like
25	00:04:24 --> 00:04:31	they're me, and you know, so as a reminder, I'm not on Instagram, I'm not
26	00:04:31 --> 00:04:37	on Discord, I'm not on Facebook, I'm not teaching paid mentorships. So people are
27	00:04:38 --> 00:04:43	still listening to you, directly or indirectly asking you for money. That's
28	00:04:43 --> 00:04:50	not me. I'm out here doing it for free. So anyway, I got a lot of questions over
29	00:04:50 --> 00:04:56	the weekend for students that have been with me for a while, and they wanted to
30	00:04:56 --> 00:05:01	know how someone with more experience i. Would use what amount whining for
31	00:05:01 --> 00:05:06	Caleb's model in their hands? So I kind of demonstrated that this morning. Also
32	00:05:06 --> 00:05:14	kind of like the segue into entry entering entry patterns and how to enter
33	00:05:14 --> 00:05:19	into the setups that we're looking for, also how to get over that hump of fear
34	00:05:19 --> 00:05:24	of being wrong, because before you start trading with a demo account, you're
35	00:05:24 --> 00:05:27	going to be watching price action. So we're going to do a little bit of a time
36	00:05:27 --> 00:05:30	link, just for the sake of answering questions, and also give the direction
37	00:05:30 --> 00:05:36	to my son Caleb, where he's going to be going to next after spending some time
38	00:05:36 --> 00:05:39	doing more, he's not there yet. So Don't, don't, don't think for a second
39	00:05:39 --> 00:05:43	he understands how to determine the general liquidity, that's the part he's
40	00:05:43 --> 00:05:48	working on. So which is what every one of you are probably going to and there's
41	00:05:48 --> 00:05:51	nothing wrong with that. If it's taking you that little bit longer than you
42	00:05:51 --> 00:06:01	thought I was going to just relax. It's fun. But the the mechanics of how we
43	00:06:01 --> 00:06:06	look at price action, the framework I'm going to start teaching on this week,
44	00:06:06 --> 00:06:10	and we'll be doing some afternoon sessions as well this week too. But the
45	00:06:11 --> 00:06:17	Jackson Hole symposium and the chair Powell is going to be jaw burning
46	00:06:17 --> 00:06:21	several times this week. We have a speaker that's been talking, I think,
47	00:06:21 --> 00:06:27	for about 11 minutes, 12 minutes now, or was scheduled to. I don't care so much
48	00:06:27 --> 00:06:33	about them. And when pal talks, I am aware trying to either be out of the way
49	00:06:33 --> 00:06:38	before he starts talking and wait till something happens in the price action.
50	00:06:38 --> 00:06:43	That makes sense based on the time he's talking, they'll say it's because of
51	00:06:43 --> 00:06:49	what he said, and it's not. It's the actual intervention that's being
52	00:06:49 --> 00:06:53	influenced over price action. It's not divine selling pressure, it's they will
53	00:06:53 --> 00:07:00	do certain things in price action and use the excuse that it was pal but it's
54	00:07:00 --> 00:07:07	really just then manually, and that's just the way it is. But Jackson Hole
55	00:07:07 --> 00:07:14	symposium is typically an opportunity for some, some wild stuff to occur, and
56	00:07:14 --> 00:07:18	we'll probably see some, some really nice volatility on Wednesday, Thursday
57	00:07:18 --> 00:07:27	and Friday, as a result of all that. So anyway, we are looking at the new week
58	00:07:27 --> 00:07:36	opening gap for this given week. And I have to take you back to the one minute
59	00:07:36 --> 00:07:41	chart. This is how you calibrate your your levels. Okay, so here is the
60	00:07:42 --> 00:07:46	settlement price on Friday. The last tick is the close. So we want to
61	00:07:46 --> 00:07:54	annotate that. So that's 19,000 604. Young man in the comment section. That's
62	00:07:54 --> 00:08:00	me. Why mine isn't nowhere. And then here is the opening price Sunday, at 6pm
63	00:08:01 --> 00:08:05	and that's the gap. There is no consequence encroachment being annotated
64	00:08:05 --> 00:08:10	there because it just fell short of 20 handles. And you're welcome to do that
65	00:08:10 --> 00:08:18	if you want me simply just thinking, drop it on the lid and the honey, and
66	00:08:19 --> 00:08:21	there's your consequence. It,
67	00:08:29 --> 00:08:33	Chopper on there, like that. Annotate to whatever color you want.
68	00:08:40 --> 00:08:45	Date new company got high August. I'm sorry, not high, but new, good thing,
69	00:08:45 --> 00:08:54	gap, August 18, 24 and then C period, e period. But I don't need that, but
70	00:08:54 --> 00:09:01	you're welcome to have that insurance. Nothing wrong with it. And again, that's
71	00:09:01 --> 00:09:07	what this little thing is. Finally, I'm not hiding indicators. I'm hiding the
72	00:09:07 --> 00:09:10	watermarks. So again, these are not me cosigners saying they're good, that I
73	00:09:10 --> 00:09:13	love them. This is not big enough.
74	00:09:22 --> 00:09:30	Our an extra large, petite like that doesn't work for me. Okay? So we are
75	00:09:30 --> 00:09:37	seeing the responses off of that opening gap down to the low. We have really nice
76	00:09:37 --> 00:09:42	relative equal highs in place now going into the opening a 10 second small
77	00:09:42 --> 00:09:47	seconds in post opening bell. We've attacked the relative eco lows here, and
78	00:09:47 --> 00:09:52	I'll go over this trade that I did this morning to show the students that are a
79	00:09:52 --> 00:09:56	little bit more advanced how they'll use the entry models that I'm going to be
80	00:09:56 --> 00:10:05	teaching using Caleb's model. All right, so let's take a quick look at the record
81	00:10:05 --> 00:10:13	trading hours. Never be in a rush. Don't feel like you're missing anything. And
82	00:10:13 --> 00:10:20	we'll take this off for a second. So we have this price here that is your
83	00:10:20 --> 00:10:28	opening range gap high. We are now trading and formulating the opening
84	00:10:28 --> 00:10:32	range. Okay, so the gap is the difference between where you settle at
85	00:10:32 --> 00:10:37	regular trading session hours and where we opened so that is this. This is your
86	00:10:37 --> 00:10:42	opening range gap. You
87	00:10:49 --> 00:10:53	came back up almost three quarters of the way, if not actually three quarters
88	00:10:56 --> 00:11:01	just fell short of that there. So I'm measuring the opening price to where we
89	00:11:01 --> 00:11:06	closed previous session on record trading hours. We have relative equal
90	00:11:06 --> 00:11:11	highs, and we didn't quite completely close that in it's the first few minutes
91	00:11:11 --> 00:11:20	of trading. So I'm watching to see if we have any interest in doing that. Holy,
92	00:11:20 --> 00:11:25	no hard bias right now, we have a little bit of cell side resting below these
93	00:11:25 --> 00:11:30	relative equal lows here, I'll dig into that's a swim low. So don't look at this
94	00:11:30 --> 00:11:34	area here. As you know, there's no there's no load there. To the mark with
95	00:11:34 --> 00:11:40	this one, it is this one and this one. So you use the lowest one. You take
96	00:11:40 --> 00:11:40	that.
97	00:11:47 --> 00:11:48	Don't want it red.
98	00:11:53 --> 00:12:02	Okay, so we just came back up hit the new week, opening gap low here, and you
99	00:12:02 --> 00:12:05	can see the response off the lower quadrant on the opening range gap, which
100	00:12:05 --> 00:12:07	is shaded here in pink.
101	00:12:13 --> 00:12:21	We just bang the bottom of the opening range gap low again, and the buy side is
102	00:12:21 --> 00:12:29	here, sell side is down here, if they want to overshoot that how far can go
103	00:12:29 --> 00:12:34	below here, you can touch the new day opening gap on August 16. So that's the
104	00:12:34 --> 00:12:38	benefit of having these levels on a notepad or on your chart. Visual,
105	00:12:38 --> 00:12:40	visually you I'm
106	00:12:51 --> 00:12:54	just a little too busy for me. I'm gonna take that off, because it's distracting
107	00:12:54 --> 00:13:05	to me. If it helps you, by all means, keeping your chart I'm these are the
108	00:13:05 --> 00:13:13	lows where sell side is. So I'll annotate that you should be doing this
109	00:13:13 --> 00:13:16	on your chart, not worrying about where I think it's going to go next. So you
110	00:13:16 --> 00:13:21	can try to trade. We're doing that while you're watching my live streams, you're
111	00:13:21 --> 00:13:24	not learning you're copycatting, and you're copycatting with limited
112	00:13:24 --> 00:13:27	understanding of no idea what I'm talking about, why I'm even referring to
113	00:13:27 --> 00:13:33	it. So that means you're gonna be in a high anxiety state of mind, hoping that
114	00:13:34 --> 00:13:38	something magical happens, because you followed your impulse of nature, instead
115	00:13:38 --> 00:13:42	of wanting to learn how to do this stuff for real without looking at my videos
116	00:13:42 --> 00:13:52	ever again. That's your range for liquidity on both extremes. You have buy
117	00:13:52 --> 00:13:59	side and sell side. So far, we have respected the opening range, failed to
118	00:13:59 --> 00:14:04	get it to three quarters or upper quadrant level, consequent correction of
119	00:14:04 --> 00:14:10	it. And do we want to sweep down, to engage this liquidity here, here, and
120	00:14:10 --> 00:14:16	retap into that new day opening gap on the 16th? And then, should it do that? I
121	00:14:16 --> 00:14:21	would expect it to try to make some kind of an attempt, technically, not the run
122	00:14:21 --> 00:14:24	rate straight from there, but to give some kind of technical indication that
123	00:14:24 --> 00:14:27	it may want to be interesting going up here. So that means I'm kind of
124	00:14:27 --> 00:14:35	forecasting some idea technically that would potentially form, say, a very
125	00:14:35 --> 00:14:40	small short term breaker, a shift in market structure, some kind of a fair
126	00:14:40 --> 00:14:49	value got to come back in, tap into and if it gives that type of Intel, if it
127	00:14:49 --> 00:14:53	gives that kind of technical formation After trading down in here, then I'd be
128	00:14:53 --> 00:14:58	interested to see, does it start building all of those same things that
129	00:14:58 --> 00:15:02	we look for in all the price run? From here all the way up, using every
130	00:15:02 --> 00:15:06	reference point there, carried over here. Does it use it like a footing to
131	00:15:06 --> 00:15:10	climb higher, to make an intent to get up in here? I'm not calling that as a
132	00:15:10 --> 00:15:14	bias. That's something I'm interested in to see if it'll do it. That's not me
133	00:15:14 --> 00:15:17	saying I'm only waiting to do that because right now, I'm waiting to see.
134	00:15:17 --> 00:15:21	Does it want to trade down here? Now, when I say things like that, I see, I
135	00:15:21 --> 00:15:26	see comments in my own videos, in my live stream, doesn't have a ability to
136	00:15:26 --> 00:15:31	leave a comment, but usually they'll go to the most recent post on the Community
137	00:15:31 --> 00:15:36	tab or the most recent video where comments can be left, and they'll say,
138	00:15:36 --> 00:15:40	you know, he doesn't know what he referring to me. He doesn't know where
139	00:15:40 --> 00:15:44	it's going. He doesn't have a trade you know, something to affect. And you you
140	00:15:44 --> 00:15:47	really don't know what I'm doing, because you don't listen, just like the
141	00:15:47 --> 00:15:50	individuals that are telling me this trade should have been taken because
142	00:15:50 --> 00:15:54	you're supposed to be waiting for relative equal highs and relative equal
143	00:15:54 --> 00:15:59	lows. And again, you don't know what I'm addressing. You have no idea what I'm
144	00:15:59 --> 00:16:04	talking about and why I'm talking about and the audience members. So there's the
145	00:16:04 --> 00:16:09	reach below the sell side liquidity. So what you want to do is, for that, you
146	00:16:09 --> 00:16:17	want to screenshot it and go into your 15 second and 32nd chart inside of the
147	00:16:17 --> 00:16:21	opening range gap. We'll do that. How far can it trade below the sell side?
148	00:16:21 --> 00:16:25	Liquidity? Uh, initially it can touch the new day opening gap here, as we just
149	00:16:25 --> 00:16:29	saw here, you want to screenshot that on your chart, not my, not my live stream.
150	00:16:29 --> 00:16:32	Don't do that, because if you do that, you're you're not, you're not doing what
151	00:16:32 --> 00:16:36	you're supposed to do. Supposed to be doing this with your own charts. So a
152	00:16:36 --> 00:16:43	price run from the new week opening gap low or, say, the lower quadrant, or the
153	00:16:43 --> 00:16:47	consequent encroachment. That would be a nice run to go back and do a back study
154	00:16:47 --> 00:16:54	on taking screenshots of it, looking for reasons why it would be a pass, like I
155	00:16:54 --> 00:16:58	wouldn't take that trade, even though it delivered. Or this is what my entry
156	00:16:58 --> 00:17:01	model looks like, because in the beginning, you're gonna have to try to
157	00:17:01 --> 00:17:05	capture and collect a lot of this type of information to kind of like to
158	00:17:05 --> 00:17:11	promote the idea of inspiration and keep you motivated, because you're not
159	00:17:11 --> 00:17:15	watching a demo ticker go up and down with profit and loss. So it makes it
160	00:17:15 --> 00:17:21	very boring. And that's okay, boring is good while you're learning, because
161	00:17:21 --> 00:17:24	eventually to do everything right, this stuff can make you profit, and that
162	00:17:24 --> 00:17:29	profit is only determined and limited by what you have put into it. So I want to
163	00:17:29 --> 00:17:38	show you inside of this opening range gap, what makes it the opening range
164	00:17:38 --> 00:17:47	gap. We have 930 and here. That's the opening price. That's what's being
165	00:17:47 --> 00:17:53	anchored to, and the high is where we stop trading regular trading hours. So
166	00:17:53 --> 00:17:53	real quick, let
167	00:17:53 --> 00:17:54	me pop it up
168	00:17:56 --> 00:18:01	here. That's this on Friday. So regular session trading settlement is 4:15pm
169	00:18:02 --> 00:18:07	Eastern Time, even though electronic trading continues until 5pm then it
170	00:18:07 --> 00:18:13	stops, and then, because Friday doesn't resume until 6pm Sunday, Eastern Time.
171	00:18:15 --> 00:18:22	On any other day but Friday and or holiday, we have that 5pm stop and then
172	00:18:22 --> 00:18:27	it resumes one hour later, at 6pm so it's very important you understand what
173	00:18:27 --> 00:18:30	these levels and what I'm referring to this is the opening range gap, the
174	00:18:30 --> 00:18:36	difference between where we settle at 4:15pm Eastern Time, And where we start
175	00:18:36 --> 00:18:44	trading, regular trading hours, not electronic, regular trading hours. That
176	00:18:44 --> 00:18:49	means we start trading at 930 opening bell. Eastern Time just starts ticking.
177	00:18:50 --> 00:18:56	We round up and we overshot the new day opening gap. So we want to see, does it
178	00:18:56 --> 00:19:00	want to make an attempt to get in here, find some footing inside of these wicks?
179	00:19:00 --> 00:19:03	Why? Because there's consequence encroachment in that. And then maybe
180	00:19:03 --> 00:19:07	wick out of that come back down and tap the new day opening gap high again and
181	00:19:07 --> 00:19:11	start making some structure to maybe return back into the weak opening gap
182	00:19:11 --> 00:19:17	low and get back in, potentially into this opening range gap. I'm not calling
183	00:19:17 --> 00:19:22	that. I'm looking for reasons to hunt a setup should that form I've already
184	00:19:22 --> 00:19:27	outlined where it was going to reach to. You're looking for reasons to justify
185	00:19:27 --> 00:19:33	why the market may do a certain run here or there. What's nice is, or what is
186	00:19:33 --> 00:19:37	nice rather, is that we've already had the sell off down into the liquidity we
187	00:19:37 --> 00:19:41	were looking for, and we had these relative equal highs are just sitting
188	00:19:41 --> 00:19:47	there now. Who's made money so far this morning? Shorts. So the initial opening
189	00:19:47 --> 00:19:52	range is 30 minutes long. It's not 15 minutes. I don't care who's telling you
190	00:19:52 --> 00:19:59	that. Okay, there is no 15 minute opening range. That is something that is
191	00:19:59 --> 00:20:06	a. Just a gimmick for to look different, to stand apart. I promise you, I promise
192	00:20:06 --> 00:20:12	you, it's the first 30 minutes. That means 930, to 10. So you're best served
193	00:20:12 --> 00:20:17	by not taking any entries in that first 30 minutes when your experience level is
194	00:20:17 --> 00:20:20	nil zero, when you don't know what you're looking for, when you don't know
195	00:20:20 --> 00:20:24	how to trade, you don't know how to read price action, to sit still for the first
196	00:20:24 --> 00:20:28	30 minutes. Number one, it teaches you discipline. It teaches you patience. And
197	00:20:28 --> 00:20:32	you're also going to filter out a lot of the fake price setups that you're
198	00:20:32 --> 00:20:36	probably going to be impulsively chasing. Oh, I got to chase it. It's
199	00:20:36 --> 00:20:39	doing this. It's doing that. He's wrong. He's live streaming. He said his bias is
200	00:20:39 --> 00:20:44	here. These are all the comments that I see in other people's YouTube channels,
201	00:20:45 --> 00:20:48	leaving comments about me, or they'll leave it in my comment section. And you
202	00:20:49 --> 00:20:55	don't know what you're talking about. What I'm teaching is how my son Caleb,
203	00:20:55 --> 00:21:00	who isn't good at reading price yet he's not good at it. I don't know what part
204	00:21:00 --> 00:21:06	of this that you understand. So to give him a framework to start with, what
205	00:21:06 --> 00:21:11	should he start doing? What exercises should he and anyone else that wants to
206	00:21:11 --> 00:21:15	do the same thing he's willing to go through? How do you start? How do you
207	00:21:15 --> 00:21:20	start? ICT stuff. What videos should I watch? What should I you start here, I'm
208	00:21:20 --> 00:21:24	literally talking to someone that's brand spanking new. Well, he's not brand
209	00:21:24 --> 00:21:27	spanking new, but in terms of being able to go through it with a structured
210	00:21:27 --> 00:21:31	approach, not just simply me telling my son, say, hey, go to my YouTube channel
211	00:21:32 --> 00:21:37	and go through the mentorship videos. It's, it's an it's a lot, and it's, it's
212	00:21:37 --> 00:21:42	in very intimidating. So what I do, and how I taught people in the 90s was I
213	00:21:42 --> 00:21:45	would sit down with them and say, Okay, here's what we're doing. We're watching
214	00:21:45 --> 00:21:51	price action. And I would point out things like this, until you look at this
215	00:21:51 --> 00:22:00	note this, watch this and see, does these things have a interest in in your
216	00:22:00 --> 00:22:03	observation? Do you see something there that is obvious that would draw your
217	00:22:03 --> 00:22:07	attention to it? See how fast we came right back up. New thing, range guy, Oct
218	00:22:07 --> 00:22:12	is wrong. So many other jokers out there doing gold buck and supply and demand,
219	00:22:12 --> 00:22:14	they're down here. They're trying to sell. Then he's wrong. He's wrong. Ain't
220	00:22:14 --> 00:22:17	gonna go back up there and we're in here now, but they're never gonna show you
221	00:22:17 --> 00:22:23	that trade. They're never gonna do that. So we're inside of the opening range
222	00:22:23 --> 00:22:30	gap. So now what we've done is we've gone just above this high here, so now
223	00:22:30 --> 00:22:35	delivered by a little bit more buy side still is inefficient until we touch the
224	00:22:35 --> 00:22:35	high of that.
225	00:22:40 --> 00:22:46	Now it can touch the new week opening gap low and wick just outside of it,
226	00:22:46 --> 00:22:49	because we have a little bit of inefficiency. See that candles high
227	00:22:49 --> 00:22:55	right there and where we are here, so it can go back down into this portion. The
228	00:22:55 --> 00:23:00	wick can go below this new week opening gap and still maintain the structure
229	00:23:00 --> 00:23:05	that's conducive for it to go back up here and challenge that buy side
230	00:23:05 --> 00:23:08	liquidity that everybody feels safe right now. Would you feel safe if your
231	00:23:08 --> 00:23:11	stop was there and you're short? Imagine that say you're short and you have a
232	00:23:11 --> 00:23:17	stop loss right here, if your stop on a short position is sitting right there
233	00:23:17 --> 00:23:20	and you didn't want to trail okay, because you didn't want to lock in
234	00:23:20 --> 00:23:29	anything, and you gave up all of this. If you give up 60% of an open profit of
235	00:23:29 --> 00:23:32	a trade that's an unrealized In other words, you haven't closed the trade yet,
236	00:23:32 --> 00:23:38	because you're trying to hold for a long type move, or whatever, 60% of
237	00:23:38 --> 00:23:42	retracement on a trade and you didn't take any partials to me, is something I
238	00:23:42 --> 00:23:47	would not be comfortable with, because, especially when you're first learning
239	00:23:47 --> 00:23:50	how to trade, or you're trying to find a model or develop a model, or develop
240	00:23:50 --> 00:23:54	some kind of a skill set to lean on as this is what I'm trying to do, and I'm
241	00:23:54 --> 00:23:58	going to work with this until it proves that it's ineffective and or I find
242	00:23:58 --> 00:24:03	something better In the process of using it, because that's, that's what my hope
243	00:24:03 --> 00:24:10	is, what my son Caleb by forcing him to use the entry mechanism of the fair
244	00:24:10 --> 00:24:15	value gap within the context of order flow, not the bullshit That's level two
245	00:24:15 --> 00:24:18	and depth of market and volume profile, volume profiles, a bunch of bullshit
246	00:24:18 --> 00:24:21	too. I might as well just toss that out there. I know I'm gonna break some
247	00:24:21 --> 00:24:24	hearts. I don't give a fuck. Okay, because the little boys that Aaron other
248	00:24:24 --> 00:24:29	YouTube channels, leave your comment in mind. Leave your comment on mine, and
249	00:24:29 --> 00:24:32	I'll let it be seen, and then I'll challenge you openly to bring your
250	00:24:32 --> 00:24:36	Mickey Mouse shit on live. I'll stream right next to you, and I'll have a chart
251	00:24:36 --> 00:24:40	or screen with your bullshit live, and I'll show you that you don't know shit.
252	00:24:40 --> 00:24:46	You don't know anything, but you won't do that. That's okay. But by looking at
253	00:24:46 --> 00:24:50	the fair value gap as an entry mechanism, initially, it may help him
254	00:24:50 --> 00:24:54	see, like the order block, it may it may help him see a breaker. It may show a
255	00:24:55 --> 00:25:00	inversion fair value gap, that that might be his model. But because he. Has
256	00:25:00 --> 00:25:04	the fear of it's too much information that is overload. I don't know what to
257	00:25:04 --> 00:25:07	do. And he's my son, and it's something that most people do. When they come to
258	00:25:07 --> 00:25:10	my child, they're like, Man, where do I start with all this stuff? Because you
259	00:25:10 --> 00:25:14	don't want to waste time. Well, there's no such thing as wasting time. Because
260	00:25:15 --> 00:25:20	if you just start and start getting your hands in for price action, start looking
261	00:25:20 --> 00:25:24	at what price is doing, and how these things are annotated in price, and how I
262	00:25:25 --> 00:25:30	call your attention to it, you will, by default, build a baseline understanding,
263	00:25:30 --> 00:25:34	and then that way, you'll be able to grow from there, regardless of what you
264	00:25:34 --> 00:25:38	start with. If it order block its optimal trade entry, if it's you know,
265	00:25:40 --> 00:25:45	whatever Yeah, the list is long, right? But whatever it is, as long as you start
266	00:25:46 --> 00:25:51	that that gives you the baseline that the build on. But if you spend so much
267	00:25:51 --> 00:25:55	time, or just say, I don't know how to start with this guy's these two main
268	00:25:55 --> 00:25:59	things, or I've read some negative stuff about him, Okay, you're the person I
269	00:25:59 --> 00:26:02	don't want to because you didn't even bother to look and see if this stuff
270	00:26:02 --> 00:26:09	that's for free has any merit for you. So we came all the ACT down into this
271	00:26:09 --> 00:26:17	area here with this wick in closing price. This area here should not close
272	00:26:17 --> 00:26:22	in now, because we already went back into the opening range gap. I'd like to
273	00:26:22 --> 00:26:25	see a close above the consequent encroachment of that and then next
274	00:26:25 --> 00:26:29	candle come down, fail to touch consequent encroachment, and then
275	00:26:29 --> 00:26:34	springboard into upper quadrant of the new week, opening gap high and that mid
276	00:26:34 --> 00:26:39	level between pathway and here, which would be upper quadrant, and build some
277	00:26:39 --> 00:26:44	momentum and try to get into that buy side. And then once it should do that,
278	00:26:44 --> 00:26:47	we'll drop down into the 15 second chart, and we'll look at where we have
279	00:26:47 --> 00:26:53	traded from here, all of the turn here, and all the business here. And I'll show
280	00:26:53 --> 00:26:57	you the way you would go back through and also how to use the information I
281	00:26:57 --> 00:27:00	was shown as an actual live execution with
282	00:27:02 --> 00:27:03	the anku earlier.
283	00:27:16 --> 00:27:23	Damn ICT tell me my profile volume profiles it is you're looking at
284	00:27:23 --> 00:27:27	gimmicks. You're not looking to press, but you say you're saying you're looking
285	00:27:27 --> 00:27:33	at order flip. No, you're not looking no idea what you're doing. But it sounds
286	00:27:33 --> 00:27:38	technical. It looks cool with all that horizontal, vertical volume notes and
287	00:27:38 --> 00:27:43	all little highest, high and lowest of the volume. It sounds real technical and
288	00:27:43 --> 00:27:46	none of that shit matters. Literally has nothing to do it,
289	00:27:52 --> 00:27:56	alright, so we're able to get to the high of the opening range gap one more
290	00:27:56 --> 00:28:07	time, tapping in here, look back where we are in this no actual fair value gap,
291	00:28:07 --> 00:28:13	that small little separation right there. That's the only thing that my
292	00:28:13 --> 00:28:18	jumps to, and that's about midpoint of that down closed candle. So in my mind,
293	00:28:18 --> 00:28:23	in can it touch that again? It could, I'd rather it didn't. It needs to get up
294	00:28:23 --> 00:28:29	into and use this little area in here as a footing, if not run right on them, and
295	00:28:29 --> 00:28:32	take the buy side out and break the hearts of those that are short
296	00:28:34 --> 00:28:35	because they're trying to fade.
297	00:28:37 --> 00:28:38	Show me that video.
298	00:28:39 --> 00:28:40	Show me that one
299	00:28:45 --> 00:28:49	have so many people counseling me in the comment section too. You spend so much
300	00:28:49 --> 00:28:52	time on the people that hate you, and you don't spend that much time and
301	00:28:52 --> 00:28:55	people that love and support you. I'm spending more time for the people that
302	00:28:55 --> 00:28:59	love and support me by actually doing the content that death goes without
303	00:28:59 --> 00:29:03	saying. I'm just having fun with the people that think that I'm getting a
304	00:29:03 --> 00:29:05	broken heart or anything they say, because it's nonsense, but it is
305	00:29:05 --> 00:29:12	humorous. A lot. You should be thankful, because a lot of stuff spurs my
306	00:29:12 --> 00:29:20	interest. I'm like, like, coming out here and rubbing their nose in it,
307	00:29:20 --> 00:29:27	alright? So see the volume imbalance right here. Now with what we already
308	00:29:27 --> 00:29:32	have in price, we came down here with below the new doping gap from August 16
309	00:29:33 --> 00:29:37	King back, climbed all the way back up into the opening range gap, which is
310	00:29:37 --> 00:29:44	shaded in pink, and found its way to the high end of it. We're inside of this
311	00:29:44 --> 00:29:50	little business here. This, to me, is a little porous, because we had these two
312	00:29:50 --> 00:29:54	candles in here, even though the opening of this candle and this close of this
313	00:29:54 --> 00:29:58	candle are essentially the same, this sputtering, this like little bit of
314	00:29:58 --> 00:30:05	pause about any body. Forming kind of like in my mind, thinks it has to
315	00:30:05 --> 00:30:09	deliver a couple times in that in that area, again, you can see we had it here.
316	00:30:09 --> 00:30:13	We had a buy side. Here we open traded back down, and we open trade rate one
317	00:30:13 --> 00:30:16	more time up. So we're getting that return back into the opening range. So
318	00:30:16 --> 00:30:19	that's what I'm saying. We have, we have to get through this area here. I
319	00:30:36 --> 00:30:41	i get a couple every time I open more water get a drink, the clicking in that
320	00:30:42 --> 00:30:46	same that would, that would get on my nerves, and I was listening to someone
321	00:30:46 --> 00:30:53	else. So I'm trying to make myself grateful that I always say it. I just
322	00:30:53 --> 00:30:57	don't do it. This is I grab a water head to my location mask where I'm gonna
323	00:30:58 --> 00:30:58	stream to i
324	00:31:12 --> 00:31:18	for your notes, also just know that the Jackson Hole symposium, whenever that
325	00:31:18 --> 00:31:24	occurs in price action, you're going to get a lot of overlapping price delivery.
326	00:31:24 --> 00:31:29	That means a lot of back and forth. It's going to read it's going to redeliver
327	00:31:29 --> 00:31:35	over ranges that would otherwise in any idea climate. It wouldn't generally do
328	00:31:35 --> 00:31:41	that so frequently, so often, but that's just the characteristic for this event
329	00:31:41 --> 00:31:46	that takes place, and what is the Jackson Hole symposium. It's a bunch of
330	00:31:46 --> 00:31:52	Jokers that come together, okay? And they, they look at trends, they look at
331	00:31:52 --> 00:32:02	things around the world. And it's, it's a matter of people that I don't want to
332	00:32:02 --> 00:32:06	fraternize with, and I would never fraternize with, and they're like they
333	00:32:06 --> 00:32:12	think to themselves as they're the the elites or whatever, and they look at how
334	00:32:12 --> 00:32:16	they can push things around, I guess, that way. Now you might not hear it
335	00:32:16 --> 00:32:22	described that way, but that's really what this but because of that, there's
336	00:32:22 --> 00:32:28	people that are always sitting outside waiting for someone to drag to the side
337	00:32:28 --> 00:32:31	and say, hey, you know, can you tell us what's going on? Like, what's the what's
338	00:32:31 --> 00:32:36	the hot buttons this time? What are we listening for? What are the directions?
339	00:32:36 --> 00:32:42	And in all this this time? And sometimes they're very closed lit sometimes other
340	00:32:42 --> 00:32:47	people like tossing out hints and news wires, or people that are pumping that
341	00:32:47 --> 00:32:51	kind of information out, they will do that with the expectation, in hopes that
342	00:32:51 --> 00:32:56	it will spur on market sentiment or disrupt market sentiment. Again, I could
343	00:32:56 --> 00:33:00	care less. Price is either going to tell me or I'm not doing anything with it.
344	00:33:00 --> 00:33:04	And that's makes it a whole lot easier. It doesn't complicate things, because
345	00:33:04 --> 00:33:07	soon as you start asking for what do you think's happening? What do you think?
346	00:33:07 --> 00:33:10	Who gives a shit? What they're thinking the market's going to do, what the
347	00:33:10 --> 00:33:18	market's going to do, and you have to be there to react on it or stand aside. So
348	00:33:18 --> 00:33:22	we're spending a little bit more time, more time in the opening range than I
349	00:33:22 --> 00:33:29	would have liked. So if it's going to run for that buy side, it would need to
350	00:33:30 --> 00:33:37	giddy up and go and not do a close below the midpoint of that wick right here.
351	00:33:37 --> 00:33:41	Can it come down, tap that and come all the way back up and run over top, sure
352	00:33:41 --> 00:33:44	thing. But I would, I wouldn't personally want to be interested in
353	00:33:44 --> 00:33:50	seeing anything on a close below the midpoint of that. I'd like to see this
354	00:33:50 --> 00:33:53	stay open. If it comes down and hits it and rejects. That's another entirely
355	00:33:55 --> 00:34:00	supporting thing that would be in the delivery. But still, I wouldn't want to
356	00:34:00 --> 00:34:03	see that no sales in a trade. I would not want to see it come back down in
357	00:34:03 --> 00:34:12	here. I'd like to see it support Wick here with no clothes below. Excuse me.
358	00:34:20 --> 00:34:24	Okay, you're in that wick. I'm sorry. You're in that fairway. I got below the
359	00:34:24 --> 00:34:24	wick
360	00:34:31 --> 00:34:35	at the end of the week, when you get to Friday, when it's no longer trading and
361	00:34:35 --> 00:34:40	or the weekend, go back and look at your one minute charts, and you'll see a lot
362	00:34:40 --> 00:34:46	of overlapping price delivery, back and forth, back and forth. That's usually
363	00:34:46 --> 00:34:52	what you get on the week that Jackson Hole symposium unfolds. It's it's just
364	00:34:52 --> 00:34:56	one of those things. I don't know why it does it, so don't ask me, okay, because
365	00:34:56 --> 00:35:00	it's not like I'm hiding it from you. I just noted that that's something. The
366	00:35:00 --> 00:35:07	years that I tend to notice. So how, how could you use that information you need
367	00:35:07 --> 00:35:10	to be if you're going to be trading at all during the week of Jackson Hole,
368	00:35:10 --> 00:35:15	especially during the days like day one, day two, day three of this week. You
369	00:35:15 --> 00:35:20	want to be thinking about where your first line of partials are going to be,
370	00:35:20 --> 00:35:24	and don't think, well, I'm going to outsmart the market. And while that
371	00:35:24 --> 00:35:27	would be a wonderful place to take a partial I'm going to be a little bit
372	00:35:27 --> 00:35:30	more greedier. I need to hold for a larger trade. I need to impress somebody
373	00:35:30 --> 00:35:35	else, and that's something you shouldn't be trying to do. You want to find a
374	00:35:35 --> 00:35:42	level that's easy, low threshold, and then get out and take some part partial
375	00:35:42 --> 00:35:45	profits, because, if not, what will happen is you'll be in some really nice
376	00:35:45 --> 00:35:50	trades, and you'll be riding a run from a low or to a high down to a
377	00:35:51 --> 00:35:55	inefficiency or something effective at discount. And it'll feel wonderful while
378	00:35:55 --> 00:35:59	you're in it. And it could be delivering rather quickly, but then it'll
379	00:35:59 --> 00:36:04	completely overlap all that run again, and if you chilled your stop, you'll get
380	00:36:04 --> 00:36:08	knocked out with nothing, or you'll get stopped out because you're trying to
381	00:36:08 --> 00:36:13	hold on to something that isn't going to deliver in one way, delivery like one
382	00:36:13 --> 00:36:17	sidedness. It's going to be back and forth, and it's going to completely
383	00:36:17 --> 00:36:24	overlap a price run that you wouldn't generally expect it to do. There is no
384	00:36:24 --> 00:36:28	other time of the year or any kind of other event that I've noticed that it
385	00:36:28 --> 00:36:33	has that characteristic. It's just something that I've never seen anybody
386	00:36:33 --> 00:36:37	else refer to it or whatever. But it'll it'll be something everybody talks about
387	00:36:37 --> 00:36:41	now, but I want you to look at it this weekend. Go back over your charts, and
388	00:36:41 --> 00:36:45	you'll see there's a whole lot of over lapping of what price has done before it
389	00:36:45 --> 00:36:49	goes to Significant targets or objectives. You
390	00:37:22 --> 00:37:27	Yeah, I wish this thing to the fellow that made this one. I'm not sure which
391	00:37:27 --> 00:37:33	one it is. If it's this, yes, that one. So, AG, FX, I'm assuming that's the
392	00:37:33 --> 00:37:41	person or the account for trading view or pester. I don't know. I guess it's
393	00:37:41 --> 00:37:48	what they call themselves. If you could make this bigger, because the large is,
394	00:37:48 --> 00:37:53	I have it set to huge, and it doesn't, it doesn't do it enough for me, unless
395	00:37:53 --> 00:37:59	I'm doing something incorrect. So if I'm doing it incorrectly, send me a video
396	00:37:59 --> 00:38:04	with a short, little private video uploaded to YouTube. If you send me
397	00:38:04 --> 00:38:09	something that's an mp three, or I'm sorry, MP four, and I'm never going to
398	00:38:09 --> 00:38:12	open that up, because you might be sending me a virus, and I'm not trying
399	00:38:12 --> 00:38:17	to do all that business, but if you send me a YouTube link to a private video,
400	00:38:17 --> 00:38:22	I'll watch it. Don't make it along, please. I don't have time to watch and
401	00:38:22 --> 00:38:26	all that stuff, but if you can make it larger, and I mean, like from like, from
402	00:38:26 --> 00:38:33	here to here. So about that broad, that's what I want on the chart. If you
403	00:38:33 --> 00:38:36	go back and look at my other videos, or actually type out the watermark itself
404	00:38:36 --> 00:38:43	as an overlay, I put that watermark as an overlay on the Camtasia Recording so
405	00:38:43 --> 00:38:47	it's technically not there when I'm recording, and then I overlay it and
406	00:38:48 --> 00:38:53	reduce the opaqueness and that size is what I'm looking for. I haven't looked
407	00:38:53 --> 00:38:58	at every single one of the trading view indicators that do a watermark, so just
408	00:38:58 --> 00:39:01	know that these are going to mess around with. Not that anyone recommend either
409	00:39:01 --> 00:39:09	one of them. It just this is what I've used for right now. I wish I didn't have
410	00:39:09 --> 00:39:14	to even bother doing it, but the people with less class and bottom feeders, they
411	00:39:14 --> 00:39:18	like to take people's content, especially mine, if I'm executing, if
412	00:39:18 --> 00:39:20	I'm highlighting something, and they could put it on their social media
413	00:39:20 --> 00:39:24	account that's pretending to be me, and it makes it look like it's really me.
414	00:39:24 --> 00:39:29	It's really not just take something I've already produced.
415	00:39:36 --> 00:39:39	So see how we're back and forth. Everything's overlapping the previous
416	00:39:39 --> 00:39:47	short term run. I And if you're expecting new that real nice one
417	00:39:47 --> 00:39:55	directional price runs during the week of Jackson Hole is going to frustrate
418	00:39:55 --> 00:39:59	you, because this is what I've encountered now, is it every single week
419	00:39:59 --> 00:40:04	that it does? That when it's Jackson Hole, no. But predominantly I, I have
420	00:40:04 --> 00:40:10	learned that trades will come back on me deeper and run right back over top of
421	00:40:10 --> 00:40:16	the short term price legs and if any other instances of me where I will roll
422	00:40:16 --> 00:40:22	the stop and cover costs, cover commissions, cover, you know, whatever,
423	00:40:24 --> 00:40:30	they generally will come back and hit that stop loss because of this is the
424	00:40:30 --> 00:40:36	climate that it creates. So if you're going to trade, you want to be looking
425	00:40:36 --> 00:40:42	for, if you're in a long soon as it trades into a premium inefficiency. That
426	00:40:42 --> 00:40:47	means a sell side of balance, buy side and efficiency, or a short term high. If
427	00:40:47 --> 00:40:52	it clears a short term high, you better take something off. And if you don't,
428	00:40:52 --> 00:40:56	you're literally asking for the market to take every opportunity for you to
429	00:40:56 --> 00:41:02	find profit away, only during this given week, though, there's no other there's
430	00:41:02 --> 00:41:05	no other climate. There's another thing that goes on in the economic calendar
431	00:41:05 --> 00:41:09	that I have that same observation with. So it's just a matter of everything
432	00:41:09 --> 00:41:14	redelivers back and forth, and it generally does it the week of Jackson
433	00:41:14 --> 00:41:18	Hole. So when can you expect seek and destroy
434	00:41:20 --> 00:41:21	Jackson Hole,
435	00:41:22 --> 00:41:27	but it can be done in a manner where you don't see it coming, you don't really
436	00:41:27 --> 00:41:31	think it's there until it's actually stopped you out several times. And the
437	00:41:31 --> 00:41:35	worst thing you can do is over trade on this week. So know what you're looking
438	00:41:35 --> 00:41:38	for. What's the easiest, low hanging fruit objective? Say, for instance, you
439	00:41:39 --> 00:41:45	you felt strongly that this, this turn down here was something be noteworthy.
440	00:41:46 --> 00:41:50	And we thought that the opening range gap could be a nice draw. Well, when we
441	00:41:50 --> 00:41:53	ran up into a here, you create a short term high and didn't completely close
442	00:41:53 --> 00:41:57	into the top of it. When it trades back down, soon as it crossed it right there,
443	00:41:57 --> 00:42:01	that would have been a partial. I was pulling your attention here. It needed
444	00:42:01 --> 00:42:05	to get through that. It went right up in that area stagnated and then rolled down
445	00:42:05 --> 00:42:09	three quarters of the opening range gap, lower quadrant, the opening range gap
446	00:42:10 --> 00:42:14	and failure to get to the new week opening gap, low or touch the opening
447	00:42:14 --> 00:42:19	range gap and displacement to downside. So watch this wick in here. This is the
448	00:42:19 --> 00:42:20	lowest one
449	00:42:26 --> 00:42:28	again. These are my fifth settings that we can See it. I'm
450	00:43:01 --> 00:43:05	so far, we cleared the rejection block, which is the lowest down closed candle
451	00:43:05 --> 00:43:09	in the swing here, we swept that there.
452	00:43:14 --> 00:43:19	Do you feel safe if you were short up here, if you shorted in here with your
453	00:43:19 --> 00:43:29	stop loss, right there? Would you feel safe? What if you didn't sell sell short
454	00:43:29 --> 00:43:35	there, but then you sold short here? Would you feel safe with your stop loss?
455	00:43:35 --> 00:43:35	Right here?
456	00:43:42 --> 00:44:01	I I probably shouldn't shuffle carts. You're going to hear that and think,
457	00:44:02 --> 00:44:02	what's he doing?
458	00:44:15 --> 00:44:20	Leave a comment, even though nobody else sees them. On my most recent community
459	00:44:20 --> 00:44:25	post, leave a comment and tell me, do you fidget while you're watching price
460	00:44:25 --> 00:44:29	action and or trading? And if not, what are your hands doing? And don't be
461	00:44:29 --> 00:44:35	obscene. I touch myself. I see some of you gonna use the opportunity. Of
462	00:44:35 --> 00:44:38	course, I'm touching myself. I bought Deadpool too, right? That that's not
463	00:44:38 --> 00:44:40	what I'm inviting me to do.
464	00:44:42 --> 00:44:50	You guys are creepy. Note that volume imbalance right there.
465	00:44:59 --> 00:45:35	I. See where the bodies are closed at right inside that volume of balance,
466	00:45:36 --> 00:45:42	that's the stuff I like to look for. The wicks are allowed to do the damage. And
467	00:45:42 --> 00:45:46	that's the part when candles are are open and they're still forming. They
468	00:45:46 --> 00:45:51	haven't settled and closed and started a new candle. That's the stuff in a book
469	00:45:51 --> 00:45:57	that can't be like you can't get that information shared with you watching,
470	00:45:58 --> 00:46:02	oh, not watching, but reading a book with static charts, even if I did a
471	00:46:02 --> 00:46:07	multiple series of updating of I think about how long the book would be if I
472	00:46:07 --> 00:46:11	was showing you a candlestick and screenshotting every fluctuation while
473	00:46:11 --> 00:46:16	the candlestick was still active, what it would look like and how it's morphing
474	00:46:16 --> 00:46:20	like that that I just don't know how. I don't know how to communicate that
475	00:46:21 --> 00:46:25	outside of actually watching price action with you and observing and
476	00:46:25 --> 00:46:29	pointing and saying, Look what it's doing here and or look how it just did
477	00:46:29 --> 00:46:32	that. When we were watching this candle, we were watching reads for this, you're
478	00:46:32 --> 00:46:36	watching it reach for that. That's that's an organic study that you can't
479	00:46:36 --> 00:46:41	replicate that. And even Market Replay doesn't, doesn't do it. It does not do
480	00:46:41 --> 00:46:46	it. So you have to have someone that's sitting with you live pointing out
481	00:46:46 --> 00:46:50	certain things in price action that are salient to why things should or
482	00:46:50 --> 00:46:51	shouldn't behave.
483	00:47:00 --> 00:47:08	But you have to watch it and also relax and know that the wicks are going to
484	00:47:08 --> 00:47:13	reach outside the levels that you want to see them stay within. And that's one
485	00:47:13 --> 00:47:16	of the things you're going to have to get comfortable with Caleb, because when
486	00:47:16 --> 00:47:20	you're looking at price, you know, the first time I showed him a fair value
487	00:47:20 --> 00:47:24	guy, he thought that, you know, by me describing it should go right in there.
488	00:47:25 --> 00:47:28	Don't go outside the lines of the low and the high of it, just go right into
489	00:47:28 --> 00:47:34	the middle completely overlap it perfectly, and then move to the higher
490	00:47:34 --> 00:47:38	low that we were aiming for as a draw. And then soon as it would go outside the
491	00:47:38 --> 00:47:43	line of the low, if we're trying to use it for a long and as soon as we color
492	00:47:43 --> 00:47:48	outside the lowest boundary of it, and the body of the candle is still active
493	00:47:48 --> 00:47:53	because it hasn't closed yet, but it's just outside of it. He's like, Okay,
494	00:47:53 --> 00:47:58	well, that shouldn't we get out of this right now? Or is this not going to go
495	00:47:58 --> 00:48:02	up? Because look what it went outside. No, that's the part you have to submit
496	00:48:02 --> 00:48:08	to, like you have to watch these things. And when you see that it's just forming
497	00:48:08 --> 00:48:12	the wick, that's all it's doing. And before it can become a wick, it has to
498	00:48:12 --> 00:48:17	be a bold faced candle at the level that makes the low the wick or the high of
499	00:48:17 --> 00:48:23	the wick. So you can't appreciate that unless you sit here and watch very low
500	00:48:23 --> 00:48:27	time frame charts, because you get lots of examples of it. Look at the reaction
501	00:48:27 --> 00:48:32	off that volume. Look how the body's closed right at it. See that you're
502	00:48:32 --> 00:48:37	gonna find that wipe off the fuck you are. It's not in there. It's not in
503	00:48:37 --> 00:48:44	there. So here at the opening range, gap high again. So now we don't want to see
504	00:48:44 --> 00:48:48	the midpoint of that. So let's highlight that. We don't want to see that
505	00:48:48 --> 00:48:53	breached, because we've been here multiple times now, no close below it.
506	00:48:53 --> 00:48:57	Can touch it. It's better if we don't go down and touch it at all. And okay, we
507	00:48:57 --> 00:49:00	touch it. Now, it needs to be responsive. We don't want to see it come
508	00:49:00 --> 00:49:04	back down below the new week opening gap low, which is this level here on a
509	00:49:04 --> 00:49:09	closing basis. We don't want that all of this while the candles open completely
510	00:49:09 --> 00:49:13	normal. Nothing to be worried about, nothing to be concerned about. It's
511	00:49:13 --> 00:49:17	exactly what you need to see if a wick's going to form. You got to give the
512	00:49:17 --> 00:49:21	candlestick the opportunity to go down there or go up there to form the wick.
513	00:49:22 --> 00:49:25	If you try to be perfect and say that it can't do this and can't do that, it's
514	00:49:25 --> 00:49:29	going to humble you fast, and it's going to make you frustrated. It's going to
515	00:49:29 --> 00:49:32	make you feel like you're never going to be able to trust anything reading price
516	00:49:32 --> 00:49:38	action. See what this did. There's the wick formation. We opened, touched one
517	00:49:38 --> 00:49:44	more time, the consequent encroachment of that opening range, gap delivery.
518	00:49:44 --> 00:49:48	Here's now. It needs to speed up right above here. And the for the folks that
519	00:49:48 --> 00:49:53	had their stop loss here, their hearts are broken, we're gonna fade. ICT, I'm
520	00:49:53 --> 00:49:56	recording. I can't wait to show it. This is what I did against ICT, well, you're
521	00:49:56 --> 00:50:01	not doing that shit today. Are you here? Is i? The buy stops that are resting by
522	00:50:01 --> 00:50:03	the relative equal highs.
523	00:50:10 --> 00:50:14	And as I'm pointing out, things okay, what you should be doing as a viewer,
524	00:50:15 --> 00:50:20	and what Caleb should be doing is when I mentioned something okay, for instance,
525	00:50:20 --> 00:50:24	when I talked about how we could go down here and go into the new New Day opening
526	00:50:24 --> 00:50:31	gap on August 16, it can trade down that you can trade down into that below these
527	00:50:31 --> 00:50:37	lows over here. How far can it go? Well, if it's going below here, how far can it
528	00:50:37 --> 00:50:42	go into that new day opening gap, that's old. It's an old one. It's stale, right?
529	00:50:42 --> 00:50:46	No, it doesn't get stale around here. But then you have this swing low here,
530	00:50:47 --> 00:50:52	so we have sell side that can tap into an old, new day opening gap. But what
531	00:50:52 --> 00:50:58	did I teach you last week? What's that teach you about that that we can see
532	00:50:58 --> 00:51:03	them, trade through them, and then you want to see how they behave once it does
533	00:51:03 --> 00:51:10	it, we're not always expecting a stop and turn no further run through nothing
534	00:51:10 --> 00:51:15	that's demanding precision, like that. Entries. You can frame entries with
535	00:51:15 --> 00:51:21	precision elements, but we're looking for a bias. We're looking for some kind
536	00:51:21 --> 00:51:25	of like a sentiment to shift in the marketplace, but we have to allow the
537	00:51:25 --> 00:51:30	market to deliver to these inefficiencies again, and if it's going
538	00:51:30 --> 00:51:34	to go through them, which is a normal characteristic, especially if we're
539	00:51:34 --> 00:51:40	anticipating a early session, start to determining a bias, well, we wait for it
540	00:51:40 --> 00:51:43	to trade through it, and if it's going to go through that, what's, what's to
541	00:51:43 --> 00:51:50	the left of this relative equal lows and their sell side? So at that price level,
542	00:51:50 --> 00:51:58	right there, we have 562 market drops all the way down, clearing out all the
543	00:51:58 --> 00:52:04	way to 544 and a half. So it's allowing for any liquidity that would have been
544	00:52:04 --> 00:52:10	trailed from that low. They cleared that out, took it all the way back up to
545	00:52:10 --> 00:52:13	opening range. Gap failed in that little area I told you we need to get through.
546	00:52:15 --> 00:52:20	Broke lower, broke lower, swept one more time. Rejection block didn't get the
547	00:52:20 --> 00:52:25	consequence. Encroachment that wick. Notice that we didn't get the consequent
548	00:52:25 --> 00:52:32	encroachment of the lesser wick either. See that? Oops. Every single time I do
549	00:52:32 --> 00:52:37	this, it jumps, every time it goes to uh, just short of the uh, where's that?
550	00:52:37 --> 00:52:43	Right at the quadrant. Let me see what is that? Yeah, it's got it hit it
551	00:52:43 --> 00:52:48	perfectly to the tick. So the quadrant on the initial wick hits it perfectly to
552	00:52:48 --> 00:52:53	the tick. I'm watching the low. So if you look up here, that that price right
553	00:52:53 --> 00:52:58	here, that's what I'm looking at. Right on that candle, the low is 560 and a
554	00:52:58 --> 00:53:03	quarter, and the upper quadrant levels 560, and quarter for this wick. See that
555	00:53:03 --> 00:53:07	that's just probably random. But the point is is we didn't get to what level.
556	00:53:08 --> 00:53:13	It's midpoint on either this wick or that one. It stopped went right to the
557	00:53:13 --> 00:53:16	rejection block, which is why I was mentioning so we just cleared the
558	00:53:16 --> 00:53:21	rejection block. Watch that wick. So your observation and your takeaway for
559	00:53:21 --> 00:53:27	this is you want to annotate how this low stopped directly at that Wix
560	00:53:27 --> 00:53:33	quadrant, upper quadrant, and did not touch its midpoint. See that. And then,
561	00:53:34 --> 00:53:40	how fast did it run? Where did it go to? Where are the bodies right now, we
562	00:53:40 --> 00:53:44	cleared the short term high rate there, but we're working inside the opening
563	00:53:44 --> 00:53:50	range gap, the difference between Friday's settlement price at 4:15pm and
564	00:53:51 --> 00:53:56	since there's no technical opening price at 415 it's the settlement at 414 and it
565	00:53:56 --> 00:53:59	just doesn't get you in on The candlestick when it's record trading
566	00:53:59 --> 00:54:10	hours, meaning this, see the time at the bottom chart, 4:15pm Friday, August 16.
567	00:54:11 --> 00:54:17	And then the next candles formation is on Monday, at 9:30am and then we traded
568	00:54:17 --> 00:54:22	up so we've completely overlapped all this, and we're banging up against the
569	00:54:22 --> 00:54:26	high of the opening range gap, which is the settlement on regular trading hours
570	00:54:26 --> 00:54:31	on Friday. See that you're spending a lot of time in here. I would not bet
571	00:54:31 --> 00:54:39	against that clearing a higher high. I just wouldn't bet against it. And then
572	00:54:39 --> 00:54:43	we have electronic trading hours, and the chart looks completely different,
573	00:54:45 --> 00:54:49	and it's very confusing for someone, but that's the reason why you have to you
574	00:54:49 --> 00:54:55	have to know what you're looking at in relationship to time, visually showing
575	00:54:55 --> 00:54:59	price action around regular trading hours and electronic trading hours.
576	00:55:00 --> 00:55:06	Hours, you have to get used to seeing that, and also while you're watching
577	00:55:06 --> 00:55:10	price action, if you're trading like the afternoon, or if you're trading in
578	00:55:12 --> 00:55:16	latter portions of the morning session and you're in lower time frames, if
579	00:55:16 --> 00:55:19	you're toggling back and forth between electronic trading hours, this is what
580	00:55:19 --> 00:55:24	I'm showing you here now in record trading hours. I've done this in the
581	00:55:24 --> 00:55:30	past where I've referenced something, and because I referenced it on either
582	00:55:30 --> 00:55:35	electronic trading or regulator trading hours, I mistakenly put more emphasis on
583	00:55:35 --> 00:55:39	something that should not have had the emphasis placed on it, and discovered,
584	00:55:39 --> 00:55:43	oh, there you go, I made a mistake by having either regular trading hours on
585	00:55:43 --> 00:55:48	or electronic trading hours on, and I messed I messed up either the trade or
586	00:55:48 --> 00:55:54	missed the trade entirely. So that's the aspect of human frailty that's going to
587	00:55:54 --> 00:55:57	come into your trading as well. Just be mindful while you're toggling back and
588	00:55:57 --> 00:56:01	forth. I always tell myself, as a result of those instances, I tell myself
589	00:56:01 --> 00:56:04	outliers I'm doing, even when I'm not live streaming or recording something,
590	00:56:05 --> 00:56:07	I'll say, Okay, I'm back in electronic trading hours. And then I say it again
591	00:56:07 --> 00:56:11	and I double check my scene. It says eth, because otherwise it'll mess me all
592	00:56:11 --> 00:56:16	up. So when I was talking about the Jackson Hole symposium and the
593	00:56:16 --> 00:56:21	characteristic of that week, what does price do? It overlaps back and forth the
594	00:56:21 --> 00:56:22	previous run.
595	00:56:28 --> 00:56:35	930 we drop down. Overlap that entire run here, okay, we drop down here,
596	00:56:36 --> 00:56:41	overlap the entire run right above this high. And now what are we doing? We're
597	00:56:41 --> 00:56:46	overlapping all this price from here, you see how fast this can frustrate you.
598	00:56:47 --> 00:56:51	Very, very frustrating. And it's explained to you in advance, real time
599	00:56:51 --> 00:56:57	over live price action. Why do you talk so much? ICT, because I want my
600	00:56:57 --> 00:57:02	children, who are always the that's the that's the audience of my videos, every
601	00:57:02 --> 00:57:06	single presentation I've ever recorded, they're always for my children. So
602	00:57:06 --> 00:57:11	because I care about them and I want them to know everything, I give them all
603	00:57:11 --> 00:57:15	of the bits and pieces and all those bits and pieces that get shit upon and
604	00:57:16 --> 00:57:18	cast it aside by assholes that don't know what the fuck they're doing and
605	00:57:18 --> 00:57:23	never will make money. You're a clown to me. You don't change anything. You don't
606	00:57:23 --> 00:57:26	do anything. I'm going to still deliver the way I'm going to deliver, because
607	00:57:26 --> 00:57:31	I'm making these for them. And what are we doing? We redelivering all of this
608	00:57:31 --> 00:57:38	run from here to here. We're overlapping it now. Watch the wick. This one here,
609	00:57:38 --> 00:57:46	we just touched it there, and the larger one right there.
610	00:57:52 --> 00:57:52	And this one I'm
611	00:57:55 --> 00:58:00	just gonna eyeball, agreed there, we'll call that low, just below that low, the
612	00:58:00 --> 00:58:04	consequent version of that wick, so it can spike up with a wick, touch that
613	00:58:04 --> 00:58:09	one. It'd be great if it didn't touch the new David and got well and then roll
614	00:58:09 --> 00:58:12	lower. That'd be good if you see a sustainable price run.
615	00:58:19 --> 00:58:24	Then so many subtle nuances, the trading you thought it was just five minutes
616	00:58:24 --> 00:58:29	over, so when it's over, but where's the diversions?
617	00:58:34 --> 00:58:40	Knowing how you're going to get burned, knowing how the market will stick around
618	00:58:40 --> 00:58:46	here, how the market will behave, what characteristics remember my lectures
619	00:58:46 --> 00:58:55	around FOMC? Okay, like we have FOMC minutes this week. That's not the same
620	00:58:55 --> 00:59:00	thing as a rate announcement. It's just the minutes. So it's not as impactful as
621	00:59:00 --> 00:59:05	money go rate announcement and a policy statement. At two o'clock, there's an
622	00:59:05 --> 00:59:12	initial run, and then at 230 it usually, not always. Usually it's going against
623	00:59:12 --> 00:59:17	whatever you saw going into the two o'clock run. So it's two stages. So it's
624	00:59:17 --> 00:59:21	a two stage delivery. So going into two o'clock, and until o'clock at 230
625	00:59:22 --> 00:59:27	whatever you see there, directionally, generally, you have about 70% likelihood
626	00:59:28 --> 00:59:30	that it's going to do the opposite direction, and it's going to be
627	00:59:30 --> 00:59:37	extremely, much more exaggerated, going the other direction. So it'll it'll re
628	00:59:37 --> 00:59:42	reverse, and do the opposite direction and go the biggest mood of the day will
629	00:59:42 --> 00:59:45	be opposed to what you saw going into two o'clock as it traded to 230 and then
630	00:59:45 --> 00:59:51	we do the conference portion of the PALS like me, he must be watching my live
631	00:59:51 --> 00:59:57	streams and videos. He likes to talk and he he's the longest winded, Fed Chairman
632	00:59:57 --> 01:00:01	that we've ever had, that I can't remember. And. I prefer Bernanke, but
633	01:00:01 --> 01:00:05	everybody sends Bernanke's got they get on my skin. I don't like him. I didn't
634	01:00:05 --> 01:00:09	like yelling, and I don't like pow, but pal means cut from the same cloth. He
635	01:00:09 --> 01:00:14	likes to talk and talk and talk and talk. But if I think if he was a little
636	01:00:14 --> 01:00:20	bit less talkative at the 230 session, we'd have really better FOMC trades,
637	01:00:20 --> 01:00:28	because sometimes he just likes to drag it out. And the more he talks, the more
638	01:00:28 --> 01:00:30	they have to wait to do their intervention. Sometimes you can just see
639	01:00:30 --> 01:00:34	to get five they fed up with it. It's okay, let's just start running it while
640	01:00:34 --> 01:00:39	he's talking. And it usually is them talking at the conference, the 230
641	01:00:39 --> 01:00:46	portion of the FMC announcement, usually the 230 they'll say something or open
642	01:00:46 --> 01:00:51	the beginning of the discussion with and that gives you all that you need for
643	01:00:51 --> 01:00:55	them to do whatever intervention they're going to do, which really, again,
644	01:00:55 --> 01:00:59	setting time to time is just do the opposite of what just took place, and
645	01:00:59 --> 01:01:04	hold on to it. Hold on to it to around 15 minutes after three. And just if you
646	01:01:04 --> 01:01:08	look and study that, don't take my word for it, look and study and see that that
647	01:01:08 --> 01:01:12	that's usually, that's the winner, that's the thing. But everybody likes to
648	01:01:12 --> 01:01:17	hold on to the close of the day, and you want to be getting out early on, so
649	01:01:17 --> 01:01:22	about 15 minutes after three. Why? Because that starts your last hour
650	01:01:22 --> 01:01:26	macro, one of four macros that are in the three o'clock to four o'clock time
651	01:01:26 --> 01:01:30	window, time window. That's the only time of day that there's multiple macros
652	01:01:30 --> 01:01:36	in the same hour. There are no 20 minutes to 40 minutes or 30 minutes to
653	01:01:36 --> 01:01:40	40 minutes. That's all bullshit. Anybody that's saying that they're just trying
654	01:01:40 --> 01:01:44	to sell you a gimmick. I promise you that is not a thing. It's not a thing.
655	01:01:45 --> 01:01:51	All right, so now we've taken sell side out below here. Watch new open gap on
656	01:01:51 --> 01:01:55	the 16th. This is the last attempt, if it, if it breaks this low here, I'm
657	01:01:55 --> 01:01:59	going to move to the sidelines, and that would be enough for today, but I want to
658	01:01:59 --> 01:02:09	see it now. Start to find some footing, go back and use this wick here. Why are
659	01:02:09 --> 01:02:11	you doing this now? Like, why are you looking at that wick? Why is it
660	01:02:11 --> 01:02:17	something that you're making a reference to? Why is this fucking fid not moving?
661	01:02:17 --> 01:02:26	How's that for a question. All right, so that is there. So I'm watching this
662	01:02:26 --> 01:02:30	level right there, if we open on another candle, come back down and touch it, or
663	01:02:30 --> 01:02:34	fail to touch it and rally or just run straight from here, either one's it's
664	01:02:34 --> 01:02:40	good. But I'm watching this as like a like an indication of strength, because
665	01:02:41 --> 01:02:46	this level is a discounted rate right now. Where's price up here? Below it, we
666	01:02:46 --> 01:02:49	have what we have, this little bit of a gap. We have the new day opening gap,
667	01:02:49 --> 01:02:57	high consequence encroachment, easy for me to say. ICT, so the new day opening
668	01:02:57 --> 01:03:01	gap low, and then below that, we have this balanced price range of this wick,
669	01:03:01 --> 01:03:07	in that wick, but in the middle of it, we have this midpoint of that wick
670	01:03:07 --> 01:03:13	there. So my eyes jumping to that so it needs now, because it's taken off like
671	01:03:13 --> 01:03:17	it has, I don't want to see it come back down to this level now at all. So let's
672	01:03:17 --> 01:03:22	use this information. Say you would have taken this as a long I'm not saying you
673	01:03:22 --> 01:03:26	should have, I'm not saying that Caleb should have, but I would use this level
674	01:03:26 --> 01:03:31	here as a any any stop would have to be below that, and it would have to be
675	01:03:31 --> 01:03:36	below this low here, because this wick up and this wick down, it's travel,
676	01:03:36 --> 01:03:40	Beth, back and forth in here. So that portion right below that, that would be
677	01:03:40 --> 01:03:46	a place for a stop loss, using the ideas of trailing stop losses, stop placement,
678	01:03:46 --> 01:03:50	that type of thing. I would not be long, but if I were, this is the type of thing
679	01:03:50 --> 01:03:54	you guys are asking me all the time, how, how do you arrive at where you're
680	01:03:54 --> 01:03:58	placing your stop loss? It's a lot of these things as I'm watching price, and
681	01:03:58 --> 01:04:01	if I see these things start to form and I'm in a move that's going up, or if I'm
682	01:04:01 --> 01:04:04	in move that's going lower, and I see the opposite side, and I start seeing
683	01:04:04 --> 01:04:09	these, like these barriers where price has done multiple passes through after
684	01:04:09 --> 01:04:15	it's done something. Okay, what is the something that was done? Low, lower,
685	01:04:15 --> 01:04:20	low. So that's relative equal lows, big liquidity resting below that. We dove
686	01:04:20 --> 01:04:28	down below it. So it's been made jagged down here. So where is it smoothed here
687	01:04:30 --> 01:04:42	and here? Okay, so now we have a fair value gap there. So this could be viewed
688	01:04:42 --> 01:04:47	as breakaway. This could be a common gap which can fill in. It can come down and
689	01:04:47 --> 01:04:50	give it institutional order, flow, entry drill, which is just below this wick,
690	01:04:51 --> 01:04:56	then leave a portion of it open. It can completely overlap that and close that,
691	01:04:56 --> 01:04:58	and it's fine. I'm going to take this line off because, if you remember,
692	01:04:58 --> 01:05:03	that's the old relative. Equal lows over here. See that? I'm gonna take that off
693	01:05:03 --> 01:05:06	because it's distracting me, and it's another reason why, like I said, I don't
694	01:05:06 --> 01:05:15	like to have too many things on my chart. There's the wick you want one
695	01:05:15 --> 01:05:18	tick below. Look at the low of that candle. You're looking at this price
696	01:05:18 --> 01:05:28	right here. That candles low is five 80.50 the next candles low 580 even so
697	01:05:28 --> 01:05:33	it went down two ticks just below. Now we're into it again. That way. I'm sorry
698	01:05:33 --> 01:05:37	that fair value got is what I'm referring to. Ideally, if it really
699	01:05:37 --> 01:05:41	wants to take these areas up here, it'd be wonderful to see it leave a portion
700	01:05:41 --> 01:05:46	of this open. It can close it, but every fair value gap that we're looking for as
701	01:05:46 --> 01:05:53	a means of supporting or providing a market propellant to send prices higher,
702	01:05:53 --> 01:05:59	supporting it, basically in order flow, we want to see it stay open. Some degree
703	01:05:59 --> 01:06:04	of the inefficiency stay open, because as long as it starts to do that, and it
704	01:06:04 --> 01:06:09	starts gaining ground and moving higher, that's supportive to your trade. So how
705	01:06:09 --> 01:06:12	do you hold on to trades and have confidence? How do you hold on to trades
706	01:06:12 --> 01:06:17	and not get scared out? Well, it starts with these types of things, and you
707	01:06:17 --> 01:06:20	still will get stopped out of trades. It's not it's not a BLM, though. It's
708	01:06:20 --> 01:06:23	not a it's on a panacea. It's not an answer to everything. It's not it's not
709	01:06:23 --> 01:06:29	a magic bullet. It fixes all problems for you. It just means that this is what
710	01:06:29 --> 01:06:34	I grow confident in while I'm holding trace. You see me execute recording the
711	01:06:34 --> 01:06:37	things I call out when it's when it was on Twitter space. I said, Okay, it's
712	01:06:37 --> 01:06:41	going to run to this or run to that, and I wouldn't change my mind, we would stay
713	01:06:41 --> 01:06:44	with that narrative until it delivered to it. And I'd say, there you go. It
714	01:06:44 --> 01:06:49	must be random again, right? Well, the ideas of how price is going to use these
715	01:06:49 --> 01:06:57	inefficiencies as a as a building block. And then are we seeing them fail? And
716	01:06:57 --> 01:07:02	seeing them fail is a good thing, but see now, can you hear the jacklegs that
717	01:07:02 --> 01:07:05	would come in to hear me say that we want to see it fail, and that's a good
718	01:07:05 --> 01:07:10	thing saying that, see he wants his stuff to fail. Now you want to see a
719	01:07:10 --> 01:07:17	fear of a gap not completely fill in. What did it do here? Before I went over
720	01:07:17 --> 01:07:20	and showed you the old sell side liquidity, I told you that we want to
721	01:07:20 --> 01:07:25	see the candle here, drop down just below that. It did it two times and then
722	01:07:25 --> 01:07:30	delivered a run here. That's more than your live streaming guys do they get
723	01:07:30 --> 01:07:33	out, you know, because they're panicking. They have no idea. They'll
724	01:07:33 --> 01:07:35	call a move. It could go up here. Remember I said at the beginning,
725	01:07:35 --> 01:07:40	stream, well, if you're going to say it, why aren't you holding for it? Why do
726	01:07:40 --> 01:07:44	you keep resetting your accounts? Why? Why aren't you doing why aren't you
727	01:07:44 --> 01:07:54	doing it? Because you can't do it. I see stay focused. I'm focused, focused on
728	01:07:54 --> 01:08:03	making you a winner. Plus, I gotta speak when I have some it's about period
729	01:08:09 --> 01:08:13	I'm unsatisfied later in the day, when I felt like I should have unloaded on it.
730	01:08:17 --> 01:08:21	So there's the gap. That's where I told you the institution, order, flow, entry,
731	01:08:21 --> 01:08:24	drill would form based on that candle. That candle. We want to see it stay
732	01:08:24 --> 01:08:28	open. What does that mean? Well, it went down as far as that low. Did that low
733	01:08:28 --> 01:08:34	touch this candle high? Right there? No, it didn't. So what did it do? It went
734	01:08:34 --> 01:08:38	down one more time and then rallied. But what did it create? This down closed
735	01:08:38 --> 01:08:41	candle, which means absolutely nothing, right means nothing. Steve Nielsen knows
736	01:08:41 --> 01:08:50	nothing about this, nothing. This right here is an order block. The high of that
737	01:08:50 --> 01:08:56	candle, right there is 19 591, and a half. You're going to look up here, by
738	01:08:56 --> 01:09:05	the way, the high of that candle is 19,005 91 and a half, the next candle we
739	01:09:05 --> 01:09:16	trade above it, and then we have the low of that candle right here. Five, 90.75
740	01:09:16 --> 01:09:22	did we get the touch of that? That looked like we did? One tick away, one
741	01:09:22 --> 01:09:26	tick away. So if I would have had a partial amount of partial I would have a
742	01:09:26 --> 01:09:30	pyramid entry trying to get in on that, adding more to it there. I would not
743	01:09:30 --> 01:09:35	have gotten the fill in that, but we gave you the institutional refund entry
744	01:09:35 --> 01:09:39	drill here, and delivered beautifully. So if you're using that as your entry
745	01:09:39 --> 01:09:49	model, I so 580 and a half. So 580 and three quarters or seven five. So 19,005
746	01:09:50 --> 01:09:58	80.75 that would be your your threshold that it had the book to so that means
747	01:09:58 --> 01:10:04	your limit order would have to be right at. At 90,005 80 and a half. So if
748	01:10:04 --> 01:10:10	that's the low, you need to breach it. Does it here by two ticks. You're filled
749	01:10:10 --> 01:10:14	on that one. If not, you definitely were filled on this one. And what's your
750	01:10:14 --> 01:10:24	heat? What's the drawdown on that? The difference in this low, it's 80 and a
751	01:10:24 --> 01:10:30	half. So 580 and a half, and the low on this one is 78 and a half. It just
752	01:10:30 --> 01:10:37	jumped 78 and a half. So it's two handles or eight ticks. So that's the
753	01:10:37 --> 01:10:43	heat you felt. 40 bucks per contract on a standard contract of E Mini. And then
754	01:10:43 --> 01:10:48	it runs, what's your first threshold? Let's see if it can touch what new week
755	01:10:48 --> 01:10:53	opening gap, low of this week that what that was the low of the new week opening
756	01:10:53 --> 01:10:59	gap, or where we settled, or where we opened there? I forgot which one it was
757	01:10:59 --> 01:11:06	the that would be your first threshold. And then can it reach to halfway? You
758	01:11:06 --> 01:11:07	measure that out,
759	01:11:13 --> 01:11:17	there's your half. And then you watch, does it have speed to get to the upper
760	01:11:17 --> 01:11:21	quadrant? And if it gets the upper quadrant, it should pierce right through
761	01:11:21 --> 01:11:25	the high of new week, opening gap. Why? Because these traders that have stop
762	01:11:25 --> 01:11:30	loss orders sitting right there's really smooth highs, they're not going to want
763	01:11:30 --> 01:11:35	to give them an opportunity to do what get out of it. But, uh, just like that.
764	01:11:35 --> 01:11:44	See how it was like, real energetic punching up there. You I get these two
765	01:11:44 --> 01:11:51	main lines out here. Look at the bodies right here. See how they're using that
766	01:11:51 --> 01:11:55	old reference point of the opening range gap we've already passed through it. See
767	01:11:55 --> 01:11:58	everybody else that knows? Oh, everybody knows about gas. ICT, you're just
768	01:11:58 --> 01:12:02	reinventing bullshit. No, I'm not. I'm peeling back the layers and telling you
769	01:12:02 --> 01:12:07	what you never paid attention to, proving that no one else is doing it
770	01:12:07 --> 01:12:10	because they would have it in books, and it's not there, but they're, they're in
771	01:12:10 --> 01:12:13	Amazon books now, because everybody out there is writing books about what you're
772	01:12:13 --> 01:12:18	hearing. You tell you why. But we passed and closed in that opening range gap
773	01:12:18 --> 01:12:23	here, we passed into a here, reacted off of it nice, and we went back into it
774	01:12:23 --> 01:12:27	again here. And what did we do? We whipped through the new week, opening
775	01:12:27 --> 01:12:30	gap high. And admittedly, I'm very surprised. I thought for certain when it
776	01:12:30 --> 01:12:35	first pumps up like that, my eyes got that was the seed by what I thought was
777	01:12:35 --> 01:12:39	the real quick punch through. I thought I did that. Rally through that. But this
778	01:12:39 --> 01:12:43	is enough from the institutional order, flow entry drill down here because we're
779	01:12:43 --> 01:12:48	teaching entries. We're teaching what it looks like, what is the logic behind it.
780	01:12:48 --> 01:12:53	Why should it do this or that? What is favorable, what is unfavorable? This is
781	01:12:53 --> 01:12:58	what it should do. If it's good, if it does this, this is still good, but it's
782	01:12:58 --> 01:13:02	better if it didn't. You see what I'm doing. This is mentoring. This is
783	01:13:02 --> 01:13:05	somebody that knows what the fuck they're talking about. If you can't find
784	01:13:05 --> 01:13:10	this in your lecture, provider, your mentor, your teacher, if you're not
785	01:13:10 --> 01:13:17	seeing that, if they can't do that, you need to unload them. You need to get rid
786	01:13:17 --> 01:13:22	of them immediately, because they don't know what they're doing. They're
787	01:13:22 --> 01:13:27	guessing they're never going to be able to do it in front of you. And everybody
788	01:13:27 --> 01:13:30	says, I will never do these things in front of people every time I live
789	01:13:30 --> 01:13:34	stream, I'm giving you the logic as of why the market should behave a certain
790	01:13:34 --> 01:13:39	way. Tell me where the institutional order flow entry drills before I taught
791	01:13:39 --> 01:13:45	it, and anything. It's not there. No one had that entry mechanism. No one ever
792	01:13:45 --> 01:13:52	did that. No one ever did it. Got $5 million you can find it. I don't know
793	01:13:52 --> 01:13:57	why you guys are waiting around. Some of you spend all this time justifying why
794	01:13:57 --> 01:14:01	nobody should follow me. And you could be retired if you just simply come
795	01:14:01 --> 01:14:04	forward and say, here's what ICT rebranded. And this is the logic, here's
796	01:14:04 --> 01:14:08	where the source materials found. This is the book. This is the course, this is
797	01:14:08 --> 01:14:13	the author, and it's got to be before 1996 why is it that no one can do that?
798	01:14:14 --> 01:14:19	Come on, it's $5 million for fuck sake. I would stop. I would quit my job, if I
799	01:14:19 --> 01:14:23	felt that sure about it. I would quit my job, pour into everything. Screenshot.
800	01:14:23 --> 01:14:26	This screenshot, I would I would spend money on credit cards, buying books to
801	01:14:26 --> 01:14:30	be able to go through it and PDF file, print everything, and make a fucking
802	01:14:30 --> 01:14:35	YouTube channel saying, Here's what it is. But news, it's not happening. It's
803	01:14:35 --> 01:14:39	not happening. And I have put this bounty out there and raised it and
804	01:14:39 --> 01:14:42	raised it and raised it and raised it, and nobody's done it, but they'll still
805	01:14:42 --> 01:14:46	leave baseless comments, either in somebody else's YouTube channel or
806	01:14:46 --> 01:14:50	someone else's social media posts that may be supporting me or saying that they
807	01:14:50 --> 01:14:53	like what they learn here, and then some little shitbagger comes by and says
808	01:14:53 --> 01:14:58	they're not his concepts. Okay? Who's already because we already went down the
809	01:14:58 --> 01:15:02	list of everything that's everybody. Everybody, everyone said and proved that
810	01:15:02 --> 01:15:06	it's not the case. I'm the original. I'm the original Maverick at this I'm the
811	01:15:06 --> 01:15:10	I'm the real McCoy. And that bothers a lot of you people, because everything's
812	01:15:10 --> 01:15:15	about clout now, and you can't claim you found it because you've heard me say it
813	01:15:15 --> 01:15:21	now. You're just a neck up. Sorry, but no, I'm sorry. So so far we've had this
814	01:15:21 --> 01:15:25	area here. Now I saw you watch this area. It needs to get through that. We
815	01:15:25 --> 01:15:29	went through it. We went through the new day opening I'm sorry, new week opening
816	01:15:29 --> 01:15:43	gap, but from here to the new week opening gap. Hi, right there. So we have
817	01:15:43 --> 01:15:45	worked this level there.
818	01:15:47 --> 01:15:48	Let's shade it yellow.
819	01:15:51 --> 01:15:55	Did you not do so much rants? ICT, and just focus on the teachings. It's
820	01:15:55 --> 01:15:59	disrespectful to your students. It's disrespectful to me when you leave
821	01:15:59 --> 01:16:03	comments like that and I delete you because I don't like to be mothered. I'm
822	01:16:03 --> 01:16:06	going to do it regardless whether you like it or not. So that's what you need
823	01:16:06 --> 01:16:14	to understand. So we've seen it get made jagged down here. These highs were buy
824	01:16:14 --> 01:16:20	stops. They went through it, and I'm admittedly surprised that they did not
825	01:16:20 --> 01:16:24	take that. I'm not convinced that we're going lower because they'll be leaving
826	01:16:24 --> 01:16:28	them intact. I don't I don't believe that's the case. What I'm looking at is,
827	01:16:28 --> 01:16:32	do we wick down below the new date? I'm sorry, new week, opening gap trade into
828	01:16:33 --> 01:16:38	this balanced price range, and then one more time, send it up into here. That's
829	01:16:38 --> 01:16:46	what I would like to see. Uh, delivered and take this off here, but that right
830	01:16:46 --> 01:16:51	there, son is one of the elements of how you're going to use the fair Vega. Okay,
831	01:16:51 --> 01:16:59	I did it live, doing it as a manual entry. But when you're watching it form
832	01:16:59 --> 01:17:02	like in other words, if you're looking at pricing. It was behaving like this,
833	01:17:04 --> 01:17:09	like that, and this candle is manning around as soon as the next candle opens
834	01:17:09 --> 01:17:14	up, okay? Soon as some of you are going to watch the video right at this point,
835	01:17:15 --> 01:17:19	or you'll cut it and splice it and make a little jab video about me. Okay, but
836	01:17:19 --> 01:17:22	you ignore what I said before it happened, because when this candle was
837	01:17:22 --> 01:17:26	forming, we have a little bit of a fair value gap right there. While that candle
838	01:17:26 --> 01:17:31	was active, go back and watch the live stream. It'll be there. I expect to see
839	01:17:31 --> 01:17:35	the mark come back down into this little area here, but I don't want to see it
840	01:17:35 --> 01:17:41	close in. That's not me, form fitting it, cherry picking it and just lay it
841	01:17:41 --> 01:17:47	down with with smoke and mirrors. It's me saying I want to see it trade with
842	01:17:47 --> 01:17:52	this gap partially left open. So if we're going to use an entry model, like
843	01:17:52 --> 01:17:56	the institutional order for entry drill, which is technically what Caleb's entry
844	01:17:56 --> 01:18:01	mechanism is, you can do it manually, like I showed in a recording earlier in
845	01:18:01 --> 01:18:05	the morning. I put it on the YouTube channel, and then I called it out wild
846	01:18:05 --> 01:18:12	here, and told you where it would trade to how it would trade, meaning that it
847	01:18:12 --> 01:18:19	would go right below this candles, wick by one tick by one tick. I was wrong
848	01:18:19 --> 01:18:23	technically, because it went down two ticks. There you go. My fucking fraud. I
849	01:18:23 --> 01:18:27	expected one tick, and it moved two ticks and left the fair value up. And so
850	01:18:27 --> 01:18:31	none of this shit works. Go watch supplying demand gurus, okay, go out
851	01:18:31 --> 01:18:36	there and chase Elliott Wave and animal patterns. Go, go be the zoo. The Zoo
852	01:18:36 --> 01:18:44	trader, okay, animal patterns, but the the wick that defines your entry. Caleb,
853	01:18:45 --> 01:18:50	so in my interest, okay, for you initially, is I want you to look at that
854	01:18:50 --> 01:18:54	wick low, of that candle over here, this one, once it creates a fair value gap,
855	01:18:54 --> 01:18:58	or while it's forming, you're anticipating, okay, in other words, I
856	01:18:58 --> 01:19:02	was predicting, while that candle was still there that this would form a fair
857	01:19:02 --> 01:19:04	value gap. I know you. I don't remember. You probably didn't pick up on it when
858	01:19:04 --> 01:19:09	it happened, but rewind to that time in the in the video, which reminded me I'm
859	01:19:09 --> 01:19:13	not writing down the notes when I'm talking about certain things. This is a
860	01:19:13 --> 01:19:16	lot harder when you don't have a script and you're watching price action. That's
861	01:19:16 --> 01:19:19	why I asked some of you that are more inclined to do those types of things,
862	01:19:19 --> 01:19:22	because you're very, very organized about what you're watching with me and
863	01:19:22 --> 01:19:29	where you can go. Where you can go back and listen to the information the the
864	01:19:29 --> 01:19:33	time when you hear me talk about this gap this candle was forming, okay? And
865	01:19:33 --> 01:19:38	you would take that candles low, assuming when the next candle opens, it
866	01:19:38 --> 01:19:44	didn't make a lower low when that wick so that candle here, we opened up here,
867	01:19:44 --> 01:19:49	so there's time, there's time to drop a limit order in right below that, that
868	01:19:49 --> 01:19:57	low one of the things you can do is you can set up limit orders and have them
869	01:19:58 --> 01:20:03	hunt some handles or. A way that all you have to do is just drag them to a
870	01:20:03 --> 01:20:06	location when you're expecting a silver bullet to form, because that's what that
871	01:20:06 --> 01:20:10	was right there. By the way, it's a 10 o'clock fair value gap that is easy to
872	01:20:10 --> 01:20:14	understand because now you've seen what happened. There has been a disruption,
873	01:20:14 --> 01:20:20	there's been a shark frenzy. There's been this evisceration of orders below
874	01:20:20 --> 01:20:26	that low and that low, we dove down below it, then the market gets back
875	01:20:26 --> 01:20:30	above. We want to see it touch the new day opening gap, high minimum or
876	01:20:30 --> 01:20:34	consequent pressure or the low, but we don't want to see it go below the
877	01:20:34 --> 01:20:38	consequent pressure of that wick on a closing basis. Ideally, we don't want to
878	01:20:38 --> 01:20:41	see it straight to it at all. And it didn't do that, right? So that gives me
879	01:20:41 --> 01:20:44	the confidence to say to you, while I'm live streaming, do I sound like I'm
880	01:20:44 --> 01:20:47	scared? Do I sound like my voice is shaking? Do I feel like I'm reaching for
881	01:20:47 --> 01:20:52	something? No, this is all 30 years of stuff that I've known that it's this old
882	01:20:52 --> 01:20:55	hat to me. So it was very easy for me to say that it's going to go below that
883	01:20:55 --> 01:21:00	candles wick by one tick, and I was technically wrong, because it only went
884	01:21:00 --> 01:21:07	down two ticks. It went down beyond it more than I wanted it to, or four ticks.
885	01:21:07 --> 01:21:12	I think it was, wasn't it? Or two handles, right? Still leaving a portion
886	01:21:12 --> 01:21:17	of it open. I was saying ticks earlier as two handles. So two handles of
887	01:21:17 --> 01:21:27	drawdown. Okay, wonderful. It's 40 bucks, $40 of drawdown. Okay, 40 bucks
888	01:21:27 --> 01:21:32	of drawdown. That was explained to you that this gap should stay open. Why?
889	01:21:32 --> 01:21:37	Because every fucking gap that I'm looking at, I wanted to do that. I
890	01:21:37 --> 01:21:41	wanted to do that very thing. I want them to fail to close in. I'm not Chris
891	01:21:41 --> 01:21:46	Laurie. I'm not trying to see them close in. I'm not trying to see it completely
892	01:21:46 --> 01:21:51	closed back in. I want to see these little cracks in order flow. Because
893	01:21:51 --> 01:21:55	this is the real shit that your little horizontal volume bars on the right side
894	01:21:55 --> 01:21:58	of your fucking chart that you're doing. Oh well, this is the, this is the volume
895	01:21:58 --> 01:22:04	profile, and I'm looking for this. Is the, you know, highest volume nude,
896	01:22:04 --> 01:22:08	lowest volume nude. This is the VWAP. If it touches the beat, fuck the VWAP. Fuck
897	01:22:08 --> 01:22:17	the fucking horizontal volume. Listen, that shit has to form. That shit has to
898	01:22:17 --> 01:22:21	finally make its way into the fucking chart before you can start thinking
899	01:22:21 --> 01:22:26	about it. I'm ahead of all that stuff. Do you understand that I am fucking like
900	01:22:26 --> 01:22:30	I'm from the future talking back to you? Okay, I'm talking to you from the
901	01:22:30 --> 01:22:36	fucking future. I'm proving it right here. I'm telling you what it's doing
902	01:22:36 --> 01:22:41	here before it does it on a live stream with three second fucking delay. I can
903	01:22:41 --> 01:22:46	pull that off. I can I can fraudulently do that. Is that what you're telling me
904	01:22:46 --> 01:22:50	in the witness of all you people here watching me, really, you give me far too
905	01:22:50 --> 01:22:58	much credit for that. That's amazing. That's amazing. But your entry model,
906	01:22:58 --> 01:23:01	Caleb, is going to be based on this, so that way it completely strips away all
907	01:23:01 --> 01:23:07	of the necessity and the fear of, where do I buy it inside the fair value gap
908	01:23:08 --> 01:23:14	you don't you buy it at the high of the gap, plus one tick that assures you that
909	01:23:14 --> 01:23:18	you're going to get filled. And it's also doing what it's allowing you to sit
910	01:23:18 --> 01:23:24	in a little bit of drawdown. And it's normal. It's normal, but what happens if
911	01:23:24 --> 01:23:28	it goes down and stops me out there? Well, that's a stop out son. I mean,
912	01:23:28 --> 01:23:33	that's what's going to happen to you. You're going to have a loss. It's going
913	01:23:33 --> 01:23:38	to happen. You're never going to evade the eventual losing streak, not single
914	01:23:38 --> 01:23:44	loss. You're going to have a losing streak, and it's going to have to be met
915	01:23:44 --> 01:23:50	with you trusting what you're learning is going to work again. Don't change
916	01:23:50 --> 01:23:54	anything except for the amount of risk. So in other words, you'll drop your
917	01:23:54 --> 01:23:58	leverage, which for you won't have to be messed with, because you're going to be
918	01:23:58 --> 01:24:04	doing one contract, you're going to need to trade with one and a half times the
919	01:24:04 --> 01:24:11	margin for every new contract that you ate you add to your trading. So the
920	01:24:11 --> 01:24:15	whole worry about over leveraging that ain't going to be you, because you don't
921	01:24:15 --> 01:24:18	you don't know what you're doing, and everybody else out there wants to trade
922	01:24:18 --> 01:24:23	lots of contract sizes, and that's why they fail, and when you have a losing
923	01:24:23 --> 01:24:27	trade, you're going to stop trading for that day. That prevents you from over
924	01:24:27 --> 01:24:31	trading. You can't over leverage because it demands you one and a half times the
925	01:24:31 --> 01:24:37	margin for adding another contract. You will never over leverage your account.
926	01:24:37 --> 01:24:44	It can't happen mathematically. You're denied that from the perspective of
927	01:24:44 --> 01:24:48	frequency of trade, as soon as you have a winning day, then you close your your
928	01:24:48 --> 01:24:52	trade, and it was a win that means all partials, if you have gotten to the
929	01:24:52 --> 01:24:57	point where you can have two contracts and everything is now done, you close
930	01:24:57 --> 01:25:00	the charts, you cannot turn them back on until the end of the day. So you're not
931	01:25:00 --> 01:25:04	even watching price action, because that way you are enticed to do it again.
932	01:25:05 --> 01:25:09	You're going to learn discipline. You're going to learn to follow the fucking
933	01:25:09 --> 01:25:14	rules, and you cannot fail. If you follow these it will give you the chance
934	01:25:14 --> 01:25:17	for the tools to do what they have been coded to do, when,
935	01:25:18 --> 01:25:23	when, when, in surprising and stunning fucking fashion, with levels of
936	01:25:23 --> 01:25:27	precision that everybody else out there are learning with you, that no one else
937	01:25:27 --> 01:25:33	can match no one else can match this, no one else can match this. There's no
938	01:25:33 --> 01:25:36	discipline of trading. We're looking at charts or technical studies of this that
939	01:25:36 --> 01:25:41	now thing, it doesn't exist, folks, because this is the market. You're not
940	01:25:41 --> 01:25:45	going to beat the market. Okay? You're not going to beat it. The only thing you
941	01:25:45 --> 01:25:49	can do is get in sync with it. That's it. That's only thing you can do and or
942	01:25:49 --> 01:25:55	survive it by luck. But you're not going to beat it because it's always
943	01:25:55 --> 01:26:00	controlled, and when it's advantageous for them to color outside the lines, pay
944	01:26:00 --> 01:26:08	attention. Come down outside of the new new week, opening gap here, and then
945	01:26:08 --> 01:26:14	price higher. I would want to see speed and distance now, because we've already
946	01:26:14 --> 01:26:18	been here before. So we're knocking on heaven's door when Guns and Roses came
947	01:26:18 --> 01:26:25	out with that song number one, I love the album. I love the group. But when I
948	01:26:25 --> 01:26:34	was doing a MRI see internet chat relay room, I had 1000 members in there. And
949	01:26:34 --> 01:26:40	right before September 11, 2001 before all that stuff happened, I was running a
950	01:26:40 --> 01:26:44	room 1000 members in it. I was calling the s, p, calling the bond market live.
951	01:26:45 --> 01:26:50	And whenever it would do things like this, where it would get to a level we
952	01:26:50 --> 01:26:56	were identifying, and it would just go, bump, bump, bump. It's like, I use the
953	01:26:56 --> 01:27:01	analogy like Swat, like eventually swats coming through your door. Okay, you
954	01:27:01 --> 01:27:04	don't have enough to keep them from coming in. They're coming in. Well
955	01:27:04 --> 01:27:08	before I adopted that mindset, it was like I would always say, knock, knock,
956	01:27:08 --> 01:27:13	knocking on heaven's door, because it's doing everything that leads up to an
957	01:27:13 --> 01:27:18	eventual run up into this area here. Or imagine taking a champagne bottle that's
958	01:27:18 --> 01:27:21	never been opened. It's shaking out right now, and they're gonna pop the
959	01:27:21 --> 01:27:28	cork, and that's where the spray is going. Okay, so, but going back to order
960	01:27:28 --> 01:27:36	entry the I don't know why anybody wouldn't be having fun learning like
961	01:27:36 --> 01:27:39	this, because this, this is my cup of tea. Like I would love to have this. You
962	01:27:39 --> 01:27:43	don't need to stay. You would bore me, put me to sleep if it was just this,
963	01:27:43 --> 01:27:46	just the dry, monotonous, this is the rules as it is, but I'm giving you
964	01:27:46 --> 01:27:53	things that support the ideas that leads to what I'm teaching and outlining and
965	01:27:53 --> 01:27:57	where I think the marks gonna go, but entry techniques, because the fair value
966	01:27:57 --> 01:28:02	gap is Caleb's, I'm forcing him into that, not that it should be for you, but
967	01:28:02 --> 01:28:05	if you're going to watch the videos, just understand that that's what I'm
968	01:28:05 --> 01:28:08	doing, because he's my son, and I'm exercising my right and authority. Is
969	01:28:08 --> 01:28:12	that to say I'm telling you what to do, because you're an adult, you can make
970	01:28:12 --> 01:28:16	all the decisions outside of this, and that's fine, but you asked for this, so
971	01:28:16 --> 01:28:20	it's my rules, it's my way, and this is the way it is. So he's going to learn
972	01:28:20 --> 01:28:25	the fair value gap, because it's it's visual. There are things that, as you'll
973	01:28:25 --> 01:28:30	learn, as we go through this mentorship, that you can use the gaps to measure
974	01:28:30 --> 01:28:35	market structure. You can measure the strength or weakness of an underlying
975	01:28:35 --> 01:28:39	move. And that was indicative of what I was saying earlier, and what I've
976	01:28:39 --> 01:28:44	mentioned the last two weeks in live streaming, whenever we're looking for a
977	01:28:44 --> 01:28:52	PD array, if, if they are not traded to or if data, for instance, like a gap, if
978	01:28:52 --> 01:28:58	they don't completely overlap. It like we were outlining here. I was saying at
979	01:28:58 --> 01:29:03	the time, let me make this a little bit larger, but keep that portion of price
980	01:29:03 --> 01:29:10	action up there so available to us. If we look at what was being spoken about,
981	01:29:10 --> 01:29:14	that gap when this was forming, that candle, this candle had not closed. Yet
982	01:29:15 --> 01:29:20	it has not closed. The next candle I want to see it drop down right below
983	01:29:20 --> 01:29:24	that candles wick, which it does here. You may or may not have been filled
984	01:29:24 --> 01:29:28	there. Caleb, to be fair, because it's literally like one tick or two, and I've
985	01:29:28 --> 01:29:31	seen it happen with me. I've live streamed recordings. I've live streamed
986	01:29:33 --> 01:29:37	my analysis of you know, this is where things happen. I've had real trades
987	01:29:37 --> 01:29:43	running with $18,000 of profit with amp, which is a real brokerage firm and not a
988	01:29:43 --> 01:29:49	fucking demo, okay, and my limit order did not get respected. Was it amp? Screw
989	01:29:49 --> 01:29:53	me. I didn't say that. I've had it happen to me when I was in TD
990	01:29:53 --> 01:29:56	Ameritrade. I had to happen when I was trading with Lynn waldock. I had to
991	01:29:56 --> 01:30:01	happen when I was trading with Box investments. I. So it's it's just an
992	01:30:01 --> 01:30:05	it's a occurrence that's going to happen to you, because you're trying to be so
993	01:30:05 --> 01:30:11	precise, trying to be so precise, that you have a margin for error for that to
994	01:30:11 --> 01:30:16	occur. So to prevent that from happening with your entries, you're going to use
995	01:30:16 --> 01:30:23	that candlesticks low plus one tick above it. So that means if it books two
996	01:30:23 --> 01:30:27	handles, or, I'm sorry, two ticks below that, that low, you should be filled.
997	01:30:27 --> 01:30:32	Look where it's trading. Somebody's about to punch this punch the air. Oh,
998	01:30:32 --> 01:30:36	son of a bitch. I was trying to fade. ICT. Fuck him. He's a fraud. I can't
999	01:30:36 --> 01:30:47	show the video now. It failed on me. You very much. I fuck you, baby, I'm here
1000	01:30:47 --> 01:30:52	all week. Baby, tip your bartender. Tip your fucking bartender. Who's doing it
1001	01:30:52 --> 01:30:54	like this, Patrick, go baby, get
1002	01:30:58 --> 01:30:59	the fuck out of here.
1003	01:31:02 --> 01:31:09	You Oh, the fair value gap. We don't need it to come all the way down to the
1004	01:31:09 --> 01:31:13	low end, because that's what folks that are prematurely trying to teach my
1005	01:31:13 --> 01:31:17	concepts. They're saying that you can get filled at the low end and you'll
1006	01:31:17 --> 01:31:21	have the best and your stop loss will be micro, short and small. You don't need
1007	01:31:21 --> 01:31:27	that. Because if you haven't picked up on what I've been laying down here,
1008	01:31:27 --> 01:31:32	knowing where the market's going to gravitate and draw to, okay, where the
1009	01:31:32 --> 01:31:39	market's going to draw and gravitate to is more important, which has more impact
1010	01:31:40 --> 01:31:45	on trading, not just your trading, but everyone's trading, your ability to get
1011	01:31:45 --> 01:31:50	in on this fair value gap that maybe not 75% of the people to trade even are
1012	01:31:50 --> 01:31:54	paying attention to or where the market's going to draw to, because their
1013	01:31:54 --> 01:31:58	stocks resting right up here, clearly it's where the market's going to go to.
1014	01:31:58 --> 01:32:02	So if we have done the work and we're laying the ground work and foundation
1015	01:32:02 --> 01:32:07	for that to determine where the market's going to go over the course of the
1016	01:32:07 --> 01:32:10	session, over the course of the day, which we haven't got to that part yet.
1017	01:32:11 --> 01:32:16	So far, we're only working with session session draws on liquidity, and they are
1018	01:32:16 --> 01:32:21	dynamic. Session draws on liquidity are dynamic. That means it's above and
1019	01:32:21 --> 01:32:28	below. You have to start there. You will not know how to derive the daily bias
1020	01:32:28 --> 01:32:32	until you get good at knowing how to determine what side of the session bias
1021	01:32:32 --> 01:32:38	is going to be. The draw. Didn't think about that, have you, but that's how I
1022	01:32:38 --> 01:32:44	teach. That's how you learn it. But if you can formulate an entry mechanism
1023	01:32:44 --> 01:32:49	that affords you, number one, a high precision entry model, which is
1024	01:32:49 --> 01:32:52	obviously institutional, underflow entry drill, you don't want to see that gap
1025	01:32:52 --> 01:32:55	filled in, but what happens if you get filled and it does close it in? Caleb,
1026	01:32:55 --> 01:32:59	nothing. It just means you have a little bit more drawdown. It's not that much
1027	01:32:59 --> 01:33:06	from this candle is high of 76 and three quarters to the low of that one, which
1028	01:33:06 --> 01:33:15	is 80 and a half. So what is that? Five handles or so factor that in with with
1029	01:33:15 --> 01:33:22	commission. Yeah, you fluff that with a with commission cost you're using, say,
1030	01:33:22 --> 01:33:25	for instance, when you when I say commissions, you're not technically
1031	01:33:25 --> 01:33:28	paying commissions through top step that I'm aware of. I don't know I might be
1032	01:33:28 --> 01:33:33	wrong. I might be wrong by saying it. I don't know how they do it, but because
1033	01:33:33 --> 01:33:36	it's funded, it's basically a demo account. You're really not technically
1034	01:33:36 --> 01:33:40	trading and paying any commissions, not that I'm aware of. If I'm wrong, please
1035	01:33:40 --> 01:33:43	accept my apologies. I don't know for certain, but what I'm saying is, is he's
1036	01:33:43 --> 01:33:49	only going to trade a prop firm to get enough steak to take that money and go
1037	01:33:49 --> 01:33:53	into amp global. Amp global is where he's going to be trading with real
1038	01:33:53 --> 01:33:58	money. So he's only using a prop firm to springboard from demo to profitable,
1039	01:33:58 --> 01:34:01	making money, and then taking that little bit of money, he's going to stop
1040	01:34:01 --> 01:34:06	doing business with every with every prop firm and then go into, I shouldn't
1041	01:34:06 --> 01:34:09	have said it that way, because it makes it like he's in multiples, because he's
1042	01:34:09 --> 01:34:13	not top step is the only one he's going to go with. He's He's opened up one
1043	01:34:13 --> 01:34:17	before with them, tried to pass a combine or two, I think. And what need
1044	01:34:17 --> 01:34:20	to do it so he's going to make an attempt to go back and do it that way,
1045	01:34:21 --> 01:34:23	recoup whatever he spent there, make enough money to put into a live
1046	01:34:23 --> 01:34:27	brokerage account. And he'll be trading with AMP global. Not that I have an
1047	01:34:27 --> 01:34:32	affiliate partnership with them. I have traded through them. They have cleared
1048	01:34:32 --> 01:34:39	trades for me. I have nothing really bad to say about amp that would be like,
1049	01:34:40 --> 01:34:43	like fxcm. Fuck fxcm. And I'm glad they got shut down, thrown at the fucking us.
1050	01:34:43 --> 01:34:49	I'll just leave it at that. But amp global, every broker is going to have
1051	01:34:49 --> 01:34:56	something wrong with them. I mean, nobody's perfect. Would I choose any
1052	01:34:56 --> 01:35:01	other broker to trade with, live with real money a part? From amp, no, not at
1053	01:35:01 --> 01:35:06	this moment. I wouldn't do it. That's my opinion. That is not to say that you
1054	01:35:06 --> 01:35:11	should. Okay, so the answer, broker statements, the answer getting a broker
1055	01:35:11 --> 01:35:15	with real accounts, who would you trade with? To answer the equation of, why
1056	01:35:15 --> 01:35:19	wouldn't you trade with a funded account? Anything? Anything to that,
1057	01:35:20 --> 01:35:25	that, that vein of thought, if it's dealing with a real brokerage amp, is
1058	01:35:25 --> 01:35:30	the only one that if I had to start all over again, if I had to start completely
1059	01:35:30 --> 01:35:35	all over again, which is why I've said this is what Caleb's going to do, I
1060	01:35:35 --> 01:35:40	would go through the process of doing whatever I could. I personally, I
1061	01:35:40 --> 01:35:44	honestly would not be doing a funded account challenge. I simply wouldn't do
1062	01:35:44 --> 01:35:48	it. And the reason why I say that is because I can only see it from who I am
1063	01:35:48 --> 01:35:51	today. They all would love me to do that because they have my social security
1064	01:35:51 --> 01:35:54	number. And then there it is. My whole fucking identity is fucking copycatted
1065	01:35:54 --> 01:36:00	by some dickhead that goes through their shit in back order, and I'm in trouble
1066	01:36:00 --> 01:36:04	with them because they could ruin me financially. I, you know, they can say
1067	01:36:04 --> 01:36:08	everything they want, but you can't control the thoughts and intentions of
1068	01:36:08 --> 01:36:12	your employees. Okay, you can't, if they have access to that type of information.
1069	01:36:13 --> 01:36:16	But guess what? You've you've given it to him on silver platter. Can it still
1070	01:36:16 --> 01:36:21	happen in a brokerage firm? Sure? Can I just feel like, you know, it's a little
1071	01:36:21 --> 01:36:26	bit more easier to prove who had access to that with a reputable, regulated
1072	01:36:26 --> 01:36:29	broker than someone that's running a funded account company. Okay? And I'll
1073	01:36:29 --> 01:36:36	just say it like that, but I would do whatever I could to raise the money up
1074	01:36:36 --> 01:36:41	to put it into amp. Their margins are extremely low. Not that that's a good
1075	01:36:41 --> 01:36:46	thing. Their commission costs are extremely low. That's a real good thing.
1076	01:36:46 --> 01:36:52	And their executions have been awesome. Sometimes my limit orders don't get
1077	01:36:52 --> 01:36:57	filled. Sometimes, you know, I've been slipped a little bit, but not like, wow,
1078	01:36:57 --> 01:37:00	like I got slipped with, uh, slippages where you try to get into the
1079	01:37:00 --> 01:37:03	marketplace and say, right now it's trading at six, four. Trading at 642,
1080	01:37:03 --> 01:37:08	and three quarters, 42 even 42 and a quarter, 42 and a half. If I bought it,
1081	01:37:08 --> 01:37:12	you know, it's filling me yet. And now I'm feeling so I've got four tick
1082	01:37:12 --> 01:37:18	slippage. I've seen that, and worse with TD Ameritrade, it was, it was kind of
1083	01:37:18 --> 01:37:24	shitty over there, to be honest with you. They sucked. So amp is reasonable.
1084	01:37:25 --> 01:37:29	My experience with them is reasonable. If you're trying to trade futures, okay,
1085	01:37:29 --> 01:37:33	this is the part where the funding account companies are gonna fucking hiss
1086	01:37:33 --> 01:37:36	and moon are gonna create soft public accounts and fucking troll me and talk
1087	01:37:36 --> 01:37:40	shit about me anybody else's stuff. I would not try to do funded account
1088	01:37:40 --> 01:37:45	challenges or try to do that. I wouldn't do that. Okay? I wouldn't do it. I would
1089	01:37:45 --> 01:37:53	do everything in my power to sell, to barter, to work a second job. I did all
1090	01:37:53 --> 01:37:56	those things when I was coming up with a 20 year old. I delivered pizza, I worked
1091	01:37:56 --> 01:38:00	on the weekends, you know? I did all that stuff just to get money to fund the
1092	01:38:00 --> 01:38:04	account, and anytime I blew the account as a 20 year old, I would go and do
1093	01:38:04 --> 01:38:07	more, more shifts. I would do it, and I would work and earn that money. But
1094	01:38:07 --> 01:38:10	that's not what you want to hear today, because you have a millennial tick tock
1095	01:38:10 --> 01:38:14	mindset where you want it real fast, you want it easy, and everybody owes it to
1096	01:38:14 --> 01:38:16	you and fuck you because you took too long getting it to me. That's your
1097	01:38:16 --> 01:38:19	mentality, and you don't like to hear it being told to you that way, but that's
1098	01:38:19 --> 01:38:23	exactly what it is, and you don't like me because I'll call you out on their
1099	01:38:23 --> 01:38:26	bullshit and say that's your mentality. That's why it's holding you up. You need
1100	01:38:26 --> 01:38:29	to change that. Stop expecting it to be easy for you. Stop expecting it to be
1101	01:38:29 --> 01:38:35	handed to you. And I force my son, he works in another state. He has to go two
1102	01:38:35 --> 01:38:40	hours commute to get to where he works at now, does that sound like a loving
1103	01:38:40 --> 01:38:45	father. It is because I'm showing him this is what you're going to have to do.
1104	01:38:45 --> 01:38:52	It's either that or it's my way, and my way fucking makes money. My way makes
1105	01:38:52 --> 01:38:56	your own schedule. My Way sits on your fucking ass and says, I'm not going to
1106	01:38:56 --> 01:38:59	that man's place today. So he can tell me, this is all I'm worth for this many
1107	01:38:59 --> 01:39:02	hours, and I better show up on time tomorrow. I don't have a job. Fuck you.
1108	01:39:03 --> 01:39:06	Fuck you. And Carl, I don't want to have anything to do with that. And the only
1109	01:39:06 --> 01:39:11	way that I can forge that mentality in my children is to allow them to go
1110	01:39:11 --> 01:39:17	through work hardening. Work hardening is what made me who I am. I don't like a
1111	01:39:17 --> 01:39:21	fucking job. You throwing a job out there that can pay me high enough for me
1112	01:39:21 --> 01:39:27	to work. It ain't no fucking way. I'm unemployable. You can't hire me. Okay?
1113	01:39:27 --> 01:39:32	You can't you can't fucking afford me. And that's what your mindset should be.
1114	01:39:32 --> 01:39:37	I can make as much as I fucking want, and I can sit as long as I want to do
1115	01:39:37 --> 01:39:44	nothing. Tell me who's happy. Tell me who's happier? The surgeon that's making
1116	01:39:44 --> 01:39:50	$600,000 a year that's sweating his ass off 20 hours in a fucking surgery? Yeah,
1117	01:39:50 --> 01:39:55	he's got a good salary, but he's paying a lot in taxes, and it's stress, and he
1118	01:39:55 --> 01:40:00	has the life of someone else's in his in his own hands, and the outcome. Guess
1119	01:40:00 --> 01:40:03	what? If that stop loss is hit, you got to live with that. That's too much
1120	01:40:03 --> 01:40:08	stress for me. Fuck that, no way. And I have surgeons like that in my paid
1121	01:40:08 --> 01:40:16	group. I couldn't do what they do. I couldn't do that emotionally, mentally.
1122	01:40:16 --> 01:40:21	I couldn't do it. And their argument was they want to stay doing that and still
1123	01:40:21 --> 01:40:26	make a lot of money here, my question is, is, if you can make millions of
1124	01:40:26 --> 01:40:34	dollars, why would you want to keep doing that when you can, if you went
1125	01:40:34 --> 01:40:37	into that not to save people's lives, that's just the derivative everybody
1126	01:40:37 --> 01:40:40	wants to go into because it's it's a lot of money. I can own a Porsche. I can own
1127	01:40:40 --> 01:40:44	a nice beach house. I can have a second house. I can have a lot of money, but
1128	01:40:44 --> 01:40:49	you still have a job. You don't have freedom. You have to do what that
1129	01:40:49 --> 01:40:56	hospital says you have to do when you have to do it. And what's worse, because
1130	01:40:56 --> 01:40:57	you're now such a high,
1131	01:40:58 --> 01:41:05	high demand personnel, you could be called in at any time. We have a trauma
1132	01:41:05 --> 01:41:09	patient. Look at this. We need this. We need you here right now. We're gonna
1133	01:41:09 --> 01:41:13	say, Nah, man, I can't right now. I'm trading British Pound. I'm trading FOMC.
1134	01:41:13 --> 01:41:17	I'm watching this guy on live stream. I can't do it. I can't do it. Got somebody
1135	01:41:17 --> 01:41:22	else? No, you're it. See what happens. Because you're an employee. Fuck that.
1136	01:41:23 --> 01:41:29	No way. That's not me. So Caleb, he has to see the same thing you're seeing
1137	01:41:29 --> 01:41:34	right here. You're watching and observing. You're waiting for the still
1138	01:41:34 --> 01:41:41	waters to be disturbed. Watch the water turn red and then look, where is it
1139	01:41:41 --> 01:41:47	smooth. I gave you both sides of marketplace. That means you're looking
1140	01:41:47 --> 01:41:55	at both ends of the session, because session draw on liquidity. Session
1141	01:41:55 --> 01:42:03	liquidity is above and below. It's above and below, all you have to do is wait,
1142	01:42:04 --> 01:42:09	wait for them to do the damage, wait for them to do what's the what's the time
1143	01:42:09 --> 01:42:12	window? You're going to see it at 10 o'clock. That means you have to wait
1144	01:42:12 --> 01:42:20	that first 30 minutes. Why? Because that is the opening range. That's that
1145	01:42:20 --> 01:42:29	vertical line right here. Okay? So when you're watching price action, you're
1146	01:42:29 --> 01:42:35	looking all through that first 30 minutes your eye, your eye is going to
1147	01:42:35 --> 01:42:40	where is the initial legs of liquidity. We gave them to you. Here is the buy
1148	01:42:40 --> 01:42:49	side and the sell side was over here, here and here. And how far could it
1149	01:42:49 --> 01:42:52	reach down? Michael minerals telling you that you can trade down to that new day
1150	01:42:52 --> 01:42:55	opening gap. You can trade down into that. And if it's going to trade through
1151	01:42:55 --> 01:42:58	that, we have that lower here, which was in view when I was showing you all this
1152	01:42:58 --> 01:43:05	stuff. Anyway, then once it does that, it rallies back up to opening range gap
1153	01:43:05 --> 01:43:09	closes it in, drops one more time, overlaps into all this the rejection
1154	01:43:09 --> 01:43:13	block. You heard me talk about that as it's happening, come back down, hits the
1155	01:43:13 --> 01:43:17	new the opening gap from the 16th rallies back up in. Look how the bodies
1156	01:43:17 --> 01:43:21	are staying and then raw saying, listen to this part. Okay, it's spending too
1157	01:43:21 --> 01:43:28	much time. It's spending too much time inside of the opening range gap, meaning
1158	01:43:28 --> 01:43:33	what they're not in a hurry to pierce this high, much more meaningful than
1159	01:43:33 --> 01:43:37	they did here. So this high and this high, still relatively clean. That's
1160	01:43:37 --> 01:43:42	just tiny. It's little, it's little bit of movement. This is like when I was
1161	01:43:42 --> 01:43:45	telling you the description. When your child's coloring, they color outside the
1162	01:43:45 --> 01:43:47	lines. You don't look at that as a failure. You don't say, Look what you
1163	01:43:47 --> 01:43:51	did. You did that wrong. Smack them forward. You're going to hang it on your
1164	01:43:51 --> 01:43:56	refrigerator, because it's your child. Well, same thing here. When the
1165	01:43:56 --> 01:44:00	algorithm is trading just outside of the lines, it's okay. It's doing everything
1166	01:44:00 --> 01:44:05	it's designed to do to get that price high book, it's got to go above it,
1167	01:44:05 --> 01:44:10	because this spread. Well, that's all it did there. Did it close above it? No.
1168	01:44:10 --> 01:44:14	Did it have much more meaningful movement beyond that? No. Did it trade
1169	01:44:14 --> 01:44:18	to the high of the new week opening gap for August 18? This week's new week
1170	01:44:18 --> 01:44:25	opening gap? No. So what is it leaving? It's leaving this liquidity and making
1171	01:44:25 --> 01:44:28	these individuals over here feel safe. So what is it? What is it going to
1172	01:44:28 --> 01:44:34	inspire? If it sells off shorts to do, what place their stop loss above here?
1173	01:44:34 --> 01:44:39	Or if they have deeper pockets, build it right there. So this is engineering
1174	01:44:39 --> 01:44:46	liquidity. It drops here. I said, take your attention over here, to these wicks
1175	01:44:46 --> 01:44:51	here. And here we watch it drop down below. Took out that love. And now I
1176	01:44:51 --> 01:44:54	said, Now watch. What I want to see is, does it get back above the new day,
1177	01:44:54 --> 01:44:59	opening gap on the 16th and then does it come back down and touch that there?
1178	01:44:59 --> 01:45:03	Yes. Yes, I don't want to see it trade down and below that Wix consequent
1179	01:45:03 --> 01:45:08	encouragement. It never did. It right there. That tells me, and this is what
1180	01:45:08 --> 01:45:11	you're supposed to be doing by listening to that that you didn't pay attention to
1181	01:45:11 --> 01:45:13	because you're looking for something else, or you're waiting for me to say
1182	01:45:14 --> 01:45:18	something that's going to resonate with you. I'm teaching you how I called that
1183	01:45:18 --> 01:45:21	institutional order flow entry trail. How did you know if I show you all you
1184	01:45:21 --> 01:45:24	all the comments from me uploading that video earlier this morning where I got
1185	01:45:24 --> 01:45:27	into trade. How did you know that? And why are you trading before? Weren't you
1186	01:45:27 --> 01:45:30	supposed to wait for relative equal highs? Weren't you supposed to be
1187	01:45:30 --> 01:45:33	waiting for relative equal lows? Again, you don't know what I'm putting the
1188	01:45:33 --> 01:45:38	content out there for. I'm addressing individuals that are paid students. How
1189	01:45:38 --> 01:45:41	can we that know a little bit more than the average bear watching my channel.
1190	01:45:42 --> 01:45:46	How can we use this model if we don't have a model that we've really warmed up
1191	01:45:46 --> 01:45:53	to specifically, 2016 students. I have 2016 paid students that can't find their
1192	01:45:53 --> 01:45:56	way through this bill. No matter what content I bring forward, no matter how
1193	01:45:56 --> 01:45:59	many people are making money with it, with real money, with real results,
1194	01:45:59 --> 01:46:03	proving it is happening, calling it live. They can't make it work for
1195	01:46:03 --> 01:46:06	themselves, because there's some kind of a barrier. But their question was is,
1196	01:46:06 --> 01:46:11	how can we I? I know that they know a lot more than Caleb does, but the
1197	01:46:11 --> 01:46:18	questions are, how can they use this methodology and understand how to use
1198	01:46:18 --> 01:46:22	the range that was formed in London? If you go back and listen to us talking
1199	01:46:22 --> 01:46:25	about, if you're brand new, you don't know you're doing. And I'm telling
1200	01:46:25 --> 01:46:30	Caleb, you don't worry about this. You don't worry about this. You wait for
1201	01:46:30 --> 01:46:33	seven o'clock and you look for relative equal highs and relative equal lows.
1202	01:46:33 --> 01:46:37	Well, guess what that that's this, folks, that's that's the relative equal
1203	01:46:37 --> 01:46:48	highs. After seven o'clock, you right here. Here's seven o'clock. Okay, it
1204	01:46:48 --> 01:46:54	rallies. We're waiting. We're waiting. We're waiting 930 opening bell, all the
1205	01:46:54 --> 01:46:56	way to seven o'clock. You're going to look back through that. So if you're
1206	01:46:56 --> 01:47:02	going to not be an early, early trader, you're not trying to trade early. You're
1207	01:47:02 --> 01:47:05	going to start looking at the market at nine o'clock. Go back to seven o'clock.
1208	01:47:05 --> 01:47:08	So you're looking back through the last two hours. You only have to look back
1209	01:47:08 --> 01:47:14	for the last two hours and see where the liquidity is. So here at nine o'clock,
1210	01:47:17 --> 01:47:23	right there, what do you have high that's lower than that. Isn't that a
1211	01:47:23 --> 01:47:27	relative equal high? Listen to the definition I gave you in the previous
1212	01:47:27 --> 01:47:33	teachings. Yes, what are these relative equal lows? So what is it doing? First,
1213	01:47:34 --> 01:47:39	it runs above these highs there, and then creates what another smooth
1214	01:47:39 --> 01:47:42	relative equal high. But then what does it then do after that, it breaks lower,
1215	01:47:42 --> 01:47:47	takes out the liquidity here, and we're watching the opening range. What's it
1216	01:47:47 --> 01:47:54	doing? It's finding responsiveness at the midpoint. It has no ability to get
1217	01:47:54 --> 01:48:00	the upper half of it. So what's it going to do? Go back further to seven o'clock.
1218	01:48:01 --> 01:48:05	Anyone that has more advanced understanding, listen to the lectures I
1219	01:48:05 --> 01:48:09	gave prior to this week, where I'm talking about the relative equal highs
1220	01:48:09 --> 01:48:13	and relative equal lows, and I'm telling Caleb, you only wait for the seven
1221	01:48:13 --> 01:48:17	o'clock and anything that forms to the right of that, I have students that will
1222	01:48:17 --> 01:48:20	be able to use the information that is in price action prior to seven o'clock
1223	01:48:20 --> 01:48:23	in the morning, because they know all the things that I taught them around
1224	01:48:23 --> 01:48:28	London, and how they deal with the opening and closing of a daily range
1225	01:48:28 --> 01:48:32	power three they're going to incorporate that part of the range. So that lesson
1226	01:48:32 --> 01:48:37	was just simply me saying, this is using Caleb's model, and you know how to use
1227	01:48:37 --> 01:48:40	the other stuff I've taught you with London. The things I'm talking about and
1228	01:48:40 --> 01:48:43	referring to that are already on the YouTube channel. Go watch the mentorship
1229	01:48:43 --> 01:48:49	videos in 2017 the 2017 mentorship playlist, the students that paid and
1230	01:48:49 --> 01:48:52	went through those those lectures live as I was delivering them as it was
1231	01:48:52 --> 01:48:56	happening. And I was doing live streams and calling markets and saying, This is
1232	01:48:56 --> 01:48:59	what's going to happen. Do a market review, same where it's going to go
1233	01:48:59 --> 01:49:03	next. Those were the individuals I was answering and dressing to there because
1234	01:49:03 --> 01:49:06	they want to know, Is it anything here for them, or should they just stick with
1235	01:49:06 --> 01:49:10	what they got? And I have students that don't find their way well to the
1236	01:49:10 --> 01:49:15	marketplace still, because they have something. And I don't know what the
1237	01:49:15 --> 01:49:19	barrier is for all of them. I don't know what it is. Okay sometimes, you know,
1238	01:49:19 --> 01:49:22	they're very clear and showing what it is, and others are just I don't know
1239	01:49:22 --> 01:49:25	they. I don't know if they're just guarded, and they won't be honest with
1240	01:49:25 --> 01:49:28	me and say, This is what I keep doing. But I haven't been willing to show you
1241	01:49:28 --> 01:49:32	this. I keep making this mistake. So if you're going to ask me as a student, and
1242	01:49:32 --> 01:49:35	I'm not saying you should do this, because I still get emails from people
1243	01:49:35 --> 01:49:39	all around the world saying, hey, look, can you tell me what I'm doing wrong, or
1244	01:49:39 --> 01:49:43	can you look at what I did here and tell me I did it right? I shouldn't have to
1245	01:49:43 --> 01:49:47	do that. If the outcome was positive, you did something right. If the outcome
1246	01:49:47 --> 01:49:51	was not positive, you didn't do something right. So explore. I'm not
1247	01:49:51 --> 01:49:54	going to cut, cut you to the front of the line of your learning curve by doing
1248	01:49:54 --> 01:49:57	it. And I know some of you just want to interaction with me on an email, like,
1249	01:49:57 --> 01:50:00	I'm a celebrity. I'm not a celebrity, I'm not important. I'm. I'm not that
1250	01:50:00 --> 01:50:04	great of a person. Just be content with what I'm teaching you here. Stop trying
1251	01:50:04 --> 01:50:10	to lift me up to a celebrity status. I'm not that. I'm not that amazing, okay,
1252	01:50:10 --> 01:50:14	but anything prior to seven o'clock. But what does that take you back to here,
1253	01:50:15 --> 01:50:22	there, which is what I referred you to when we were what entering into that 930
1254	01:50:22 --> 01:50:31	opening? Where's the Lakota yet? Here and here, and what did the market do? It
1255	01:50:31 --> 01:50:35	addressed what side first here, after 930
1256	01:50:41 --> 01:50:41	that's here,
1257	01:50:46 --> 01:50:52	right there. So did it go for that liquidity or the cell side over here?
1258	01:50:52 --> 01:50:58	Which side did it go for? It went for the cell side first came back up. Did it
1259	01:50:58 --> 01:51:02	take that liquidity out yet when it was here? No. Did it take it out right here?
1260	01:51:03 --> 01:51:08	No. So where'd it go? It went below one more time here we were looking for it to
1261	01:51:08 --> 01:51:12	sweep down here, and as it was dropping down, I said, Watch these wicks in here.
1262	01:51:12 --> 01:51:16	It overshot the entire low. That's fine. We're not going to trade. We're not
1263	01:51:16 --> 01:51:19	getting stopped out. We're not getting squeezed out. We're observing and
1264	01:51:19 --> 01:51:22	watching. What are we waiting for? We want to see it take that low out so out
1265	01:51:23 --> 01:51:29	drops. What is this forming? Relative equal lows for anybody that's trading to
1266	01:51:29 --> 01:51:33	nine o'clock going in, waiting for what the first 30 minutes opening range?
1267	01:51:35 --> 01:51:41	High, high, relative equal highs in an area I told you, this is going to be
1268	01:51:41 --> 01:51:44	problematic. We need to study this. It needs to it's going to need to get
1269	01:51:44 --> 01:51:47	through this little area here, because there's two indecisive candles, even
1270	01:51:47 --> 01:51:50	though that this candle sticks closed and this candle sticks open, is
1271	01:51:50 --> 01:51:55	basically symmetrical. It's it's close. It doesn't really provide a gap. When I
1272	01:51:56 --> 01:51:59	see candles like this in the middle of two of them like that, that, to me, is
1273	01:51:59 --> 01:52:02	something that needs to be repriced to. And if it goes through it in the
1274	01:52:02 --> 01:52:05	direction I'm looking for it to move, then I'm fine with it, then I'm going to
1275	01:52:05 --> 01:52:09	disregard it and never worry about it again. But go back and listen to it
1276	01:52:09 --> 01:52:11	while we're trading here, I said it needs to go through here, and couldn't
1277	01:52:11 --> 01:52:16	do it. Went lower, lower, rally one more time. The body's staying inside the
1278	01:52:16 --> 01:52:23	opening range gap just bumped that high and then took us down to clear this. I
1279	01:52:23 --> 01:52:26	told you, once it done that, I want to see it trade above the new divide and
1280	01:52:26 --> 01:52:31	gap on the 16th, come back down. Touch that. And it did. And then I gave you,
1281	01:52:31 --> 01:52:35	because of all the things I just outlined, Which side did it work?
1282	01:52:35 --> 01:52:40	Predominantly the sell side. What is the side of the marketplace usually offered
1283	01:52:40 --> 01:52:48	to the public first the wrong side, they take him down the primrose lane. Okay,
1284	01:52:48 --> 01:52:52	there was a song My grandpa used to listen to. I don't know the artist said,
1285	01:52:52 --> 01:52:56	Oh, those old singer, but he used to play every time he would get drunk, he
1286	01:52:56 --> 01:53:00	would sit there with boxer shorts on, nothing else on, despite Well, that's
1287	01:53:00 --> 01:53:04	not true. He would wear white tube socks and a pair of boxer shorts his
1288	01:53:04 --> 01:53:08	underwear, and he'd sit there with a half a guy, ice cream, butter pecan,
1289	01:53:08 --> 01:53:15	smoking larks cigarettes and watching Gomer Pile drunk as shit. The TV would
1290	01:53:15 --> 01:53:18	be on, and this guy would be singing something about going down the primrose
1291	01:53:18 --> 01:53:24	lane. Well, in the market, they send the traders on the wrong side. That's the
1292	01:53:24 --> 01:53:30	Judas swing. That's the run on price action. That gets people thinking, this
1293	01:53:30 --> 01:53:34	is where it's going. I want to get on board. And they chase it. And if they're
1294	01:53:34 --> 01:53:39	initially positioned to profit while it's forming, it gives them a sense of
1295	01:53:40 --> 01:53:45	like comfort when you shouldn't be comfortable. It's usually the wrong side
1296	01:53:45 --> 01:53:48	of the marketplace, and then it comes down, takes the low out. And remember, I
1297	01:53:48 --> 01:53:52	was asking, do you feel safe if your stop was here? That's me priming you.
1298	01:53:53 --> 01:53:58	I'm priming you as a student, okay, he's taking my attention up here. And I said,
1299	01:53:58 --> 01:54:01	Now, what about the people had their stop loss here. Who's made money right
1300	01:54:01 --> 01:54:02	now?
1301	01:54:03 --> 01:54:04	Shorts
1302	01:54:05 --> 01:54:09	anyone long from that low is now unseated. Why did they do that? Because
1303	01:54:09 --> 01:54:16	they're going to go here. So to run from here to here is profitable. To run from
1304	01:54:16 --> 01:54:21	here to here is profitable. And why it went down there is to unseat the stops
1305	01:54:21 --> 01:54:28	that were resting right below that low I took your attention to this area here.
1306	01:54:28 --> 01:54:31	Told you to Fairbank that was going to be there before that candle closed one
1307	01:54:31 --> 01:54:35	tick below this candle, that's the institutional order flow entry drill.
1308	01:54:35 --> 01:54:41	And we don't want to see that entire gap closed in. That gap looks like this.
1309	01:54:46 --> 01:54:52	That's your fair value gap. It went down to this low. Is that still unfilled? Of
1310	01:54:52 --> 01:54:56	course it is. That's exactly what you want to see as a signature that is the
1311	01:54:56 --> 01:54:59	algorithm tipping its hand to me, because I know what the fuck I'm looking
1312	01:54:59 --> 01:55:04	for. When it does that, it's going to be what I want to see. We want to see it
1313	01:55:04 --> 01:55:08	rally up. Where is it going to rally to Michael, new week. New week, opening gap
1314	01:55:08 --> 01:55:12	low. And then we want to see it trade into the midpoint of that consequent
1315	01:55:12 --> 01:55:15	encroachment. And does it touch the top of it? Look at the bodies respecting it
1316	01:55:15 --> 01:55:19	again. Yeah. We wick through it. Admittedly, when I said six, yeah, boom,
1317	01:55:19 --> 01:55:23	it happened. I thought, because it flashed real quick. My eye was watching
1318	01:55:23 --> 01:55:26	that this line. I thought that that was this over here, and they had to dig
1319	01:55:26 --> 01:55:30	down. And I told you, okay, I want to see it go down into this area here, and
1320	01:55:30 --> 01:55:33	there's a balanced price range in there, so it can do that and then send it
1321	01:55:33 --> 01:55:39	higher. Does your chart show this? I'm quite fucking certain that your chart,
1322	01:55:39 --> 01:55:42	if you have live data feed right now, if you're watching it after the fact,
1323	01:55:42 --> 01:55:46	you're now looking at the same thing that's on this chart. And you're going
1324	01:55:46 --> 01:55:50	to tell me that we don't know what the fuck we're doing around here. Like, this
1325	01:55:50 --> 01:55:56	is completely random. Like it's random. We're looking at a one minute chart.
1326	01:55:57 --> 01:56:03	Every fluctuation of any significance is being outlined. The logic is the why
1327	01:56:03 --> 01:56:06	it's going to go, where it's going to go, pray tell, Where's the fucking book?
1328	01:56:07 --> 01:56:11	Where's the authors? Before 1996 that was outlining anything like that, and it
1329	01:56:11 --> 01:56:15	happened, and there was nobody doing it while I was becoming who I am today.
1330	01:56:16 --> 01:56:19	November 5, 1992 that was when I started, on a Thursday night at nine
1331	01:56:19 --> 01:56:32	o'clock in a house in bird River, Maryland, renting $50 a month, I'm
1332	01:56:32 --> 01:56:37	sorry, $50 a week, room and board at my aunt uncle's house. And I started to
1333	01:56:37 --> 01:56:44	learn how to be a trader. November 5, at 9pm on Thursday night, and between then
1334	01:56:47 --> 01:56:55	all the way to 1996 that's when I had everything as I wanted it. And then I
1335	01:56:55 --> 01:57:00	tinkered with it for a little bit more after that, and prolonged the progress,
1336	01:57:00 --> 01:57:08	but I had it figured out in 1996 around April of 96 thereabouts, it was
1337	01:57:08 --> 01:57:17	springtime, and I was looking out over the water in gunpowder State Park. I
1338	01:57:17 --> 01:57:23	used to go out there and listen to CDs and tapes and audiobooks and stuff, not
1339	01:57:23 --> 01:57:29	about trading, just usually it was like Stephen King stuff, and I'd have my
1340	01:57:29 --> 01:57:36	little Walkman headset. It dawned on me that I have cracked this shit. I figured
1341	01:57:36 --> 01:57:43	it out like I have it. And it was my moment of astonishment that I have
1342	01:57:43 --> 01:57:47	arrived, and I didn't realize it until that moment, and I wasn't even looking
1343	01:57:47 --> 01:57:55	at charts when it happened. But all of these things in price action, they're
1344	01:57:55 --> 01:58:01	going to repeat. They're going to repeat, but I have to walk Caleb through
1345	01:58:01 --> 01:58:09	this and prompt him to say, Okay, do you see this? You see this? Watch observe
1346	01:58:09 --> 01:58:13	what happens when it does this. Watch observe when it happens to do this. When
1347	01:58:13 --> 01:58:18	it's time to move. You hear me? Tell you, you hear me. But I'm not going to
1348	01:58:18 --> 01:58:21	hold your hand and say, here's a buy put your stop loss here. That's not what I'm
1349	01:58:21 --> 01:58:24	here for, but that's what most of you won't happen. And because it ain't
1350	01:58:24 --> 01:58:27	happening that way, you're going to talk shit because you think number one,
1351	01:58:27 --> 01:58:31	either you're going to feel good about having done it because it's a release
1352	01:58:31 --> 01:58:34	for you, or that I'm going to read it get inspired by and say, Okay, well,
1353	01:58:34 --> 01:58:38	this is reverse psychology. I'm going to fall victim because I'm a moron and I'm
1354	01:58:38 --> 01:58:40	going to do what you want me to do because you're pulling strings. You're
1355	01:58:40 --> 01:58:48	no Marionette master over me. You feel in charge. You feel in charge of me. No,
1356	01:58:48 --> 01:58:54	nobody's in charge of me. The Lord is. But these things that repeat over and
1357	01:58:54 --> 01:58:59	over again in price action, the logic of waiting for the sell side and the buy
1358	01:58:59 --> 01:59:03	side wants you to define what they are. Just wait for the first one to get
1359	01:59:03 --> 01:59:09	taken. When that water is disturbed and you see violence, jagged, jagged,
1360	01:59:09 --> 01:59:14	jagged, jagged. The whole time. These are smooth. And this is smooth. Oh, I
1361	01:59:15 --> 01:59:18	want to be able to buy down here. Oh, when it goes below that, you buy it.
1362	01:59:18 --> 01:59:28	Then learn from that. Sometimes it'll be great, sometimes it won't be. We want to
1363	01:59:28 --> 01:59:33	see a trade above the new day opening gap. That means, I'm saying that once it
1364	01:59:33 --> 01:59:35	gets above that, it starts to trade here, as long as we don't reach that
1365	01:59:35 --> 01:59:41	midpoint of that wick right there. Why? Because we've had the stops run below
1366	01:59:41 --> 01:59:48	that low and here. So this movement is what it's a wick on a higher time frame.
1367	01:59:48 --> 01:59:57	It just doesn't look like one. It's wicking here to take us below that low
1368	01:59:58 --> 02:00:05	and that low. So this. Low is the low that forms what these relative equal
1369	02:00:05 --> 02:00:10	lows, and it's also being respective of the new day, opening gap. See the
1370	02:00:10 --> 02:00:14	bodies. Is this one doing it? No,
1371	02:00:18 --> 02:00:20	Oh, see, that's logic.
1372	02:00:22 --> 02:00:26	That's logic. I'm not going to refer to this one as we go back above it as
1373	02:00:26 --> 02:00:31	support. I'm going to use this one because this one here is already showing
1374	02:00:32 --> 02:00:36	that it's done what it's respected it. So the algorithm is going to go back to
1375	02:00:36 --> 02:00:41	that one. It's not going to refer to this one, which one was on The New Day
1376	02:00:41 --> 02:00:47	opening gap, and the bodies are showing it right there. So now my attention was
1377	02:00:47 --> 02:00:51	focused. There we went. Above it. I want to see it trade down. Touch the opening.
1378	02:00:52 --> 02:00:57	I'm sorry, the new day opening got high. It can trade its lowest, that low one.
1379	02:00:57 --> 02:01:03	But we don't want to see it close below that wick of that candlesticks, midpoint
1380	02:01:03 --> 02:01:07	or consequence of it, and it only gave us a touch of the high of The New Day
1381	02:01:07 --> 02:01:12	opening. Gap rallied. Showed displacement. Wonderful. Next candle as
1382	02:01:12 --> 02:01:16	it's forming, this is going to be a fair value gap called before it formed,
1383	02:01:16 --> 02:01:21	institutional order flow, called before it delivered. I was off by two handles,
1384	02:01:21 --> 02:01:25	eight ticks, or lair bouncing, or seven ticks? Would it be seven ticks? Let's
1385	02:01:25 --> 02:01:28	call it two handles. It did not close in that gap, which is exactly what I told
1386	02:01:28 --> 02:01:35	you. That's ideal. And then it's off to the races. Look how it responded off of
1387	02:01:35 --> 02:01:40	the constant crushing of the opening range gap there isn't that beautiful. I
1388	02:01:40 --> 02:01:43	mean, when you see that, doesn't that doesn't let this get your fucking juices
1389	02:01:43 --> 02:01:49	flowing, like this is stuff that once you study it and you see it, and you're
1390	02:01:49 --> 02:01:55	able to see it, your eyes gonna jump to it. And then after being able to see it,
1391	02:01:55 --> 02:01:58	in hindsight, where your eye jumps to it, you'll be able to predict it, like
1392	02:01:58 --> 02:02:04	I'm proven to you, because you know what it's trying to do. You know what
1393	02:02:04 --> 02:02:10	handhold it's going to have if price was personified as a rock climber, okay, if
1394	02:02:10 --> 02:02:14	it's a rock climber, you can look back over here and see what it's going to
1395	02:02:14 --> 02:02:18	place its hand in and or what it's going to place its foot in. I told you it's
1396	02:02:18 --> 02:02:22	going to go down in this gap, a gap in here, pull down into this balance price
1397	02:02:22 --> 02:02:28	range. Go back, go back and listen. I can't edit it. I don't re upload the
1398	02:02:28 --> 02:02:35	live streams once they're there, they're there. Trades into it there only by the
1399	02:02:35 --> 02:02:46	wick. Consequent encouragement sends us boom, heartache. Shorts are non
1400	02:02:46 --> 02:02:52	profitable longs that bought in here, knocked out. Who made money? They
1401	02:02:52 --> 02:03:02	cleared the they cleared a table both sides. When you're watching me. Don't
1402	02:03:02 --> 02:03:08	try to predict why I'm trying to say something. Just listen, take notes,
1403	02:03:08 --> 02:03:11	because you're not going to get the lesson until you go back and watch the
1404	02:03:11 --> 02:03:15	live stream after the fact. If you're just watching it one time through, you
1405	02:03:15 --> 02:03:19	didn't learn shit. You observed. You're some of you're just looking for me to do
1406	02:03:19 --> 02:03:23	something wrong. That's a waste of your time. I'm tickled that I'm wasting your
1407	02:03:23 --> 02:03:27	time because you're not here to learn, and you're wasting your time. I'm doing
1408	02:03:27 --> 02:03:31	this, and it's profiting my son. It may be profiting a large number of you that
1409	02:03:31 --> 02:03:34	are watching as well, but that's just something extra. That's not my
1410	02:03:34 --> 02:03:40	motivation, my vote. My motivation is proving that my son, over time, can do
1411	02:03:40 --> 02:03:45	what I'm able to do, even if it's 5% of what I know, that's enough to replace
1412	02:03:45 --> 02:03:52	his job. If he could do 25% of what I know, he's wildly rich, he's got to wait
1413	02:03:52 --> 02:03:57	for it to build up. That's all. But if you're going in here watching me to
1414	02:03:57 --> 02:04:03	learn how to quickly get money, to quickly make money, to quickly blow your
1415	02:04:03 --> 02:04:12	accounts to stratosphere levels you're thinking about it wrong. Your idea about
1416	02:04:12 --> 02:04:16	making money is going to surpass the necessity for you to be humble and just
1417	02:04:17 --> 02:04:21	take in information. That's what he's doing. He's not trying to predict what
1418	02:04:21 --> 02:04:24	it's going to do. He's listening. He's observing. He's watching it. He's
1419	02:04:24 --> 02:04:27	watched me do this side by side right next to him. He's watched me take the
1420	02:04:27 --> 02:04:32	trades. He's watched me make your fucking annual salary in one trade. He's
1421	02:04:32 --> 02:04:39	watched me do that. But he's also unaware on how to do it himself. So this
1422	02:04:39 --> 02:04:43	is, this is how I would talk to him. I would not be adding anything extra than
1423	02:04:45 --> 02:04:50	what I'm doing here. This is exactly how I talked to him when it's something
1424	02:04:50 --> 02:04:53	that's it's salient and it's meaningful. It has an impact, or will have an
1425	02:04:53 --> 02:04:57	impact, on his growth and what he'll probably be wasting time if he falls
1426	02:04:57 --> 02:05:00	victim to worrying about this and not paying attention to things I'm. Talking
1427	02:05:00 --> 02:05:06	about, if he doesn't listen, it's going to take him longer if he listens.
1428	02:05:06 --> 02:05:13	Applies the things I'm showing you, the logic. These things you'll see, they
1429	02:05:13 --> 02:05:17	will repeat, and because they're repeating, and because I'm here every
1430	02:05:17 --> 02:05:21	single day, over top of live price action, outlining them, explaining them
1431	02:05:21 --> 02:05:27	to you. I mean, think about it. How many things are you seeing happen every time
1432	02:05:27 --> 02:05:32	we get a live stream going, you're seeing fluctuations in price action
1433	02:05:32 --> 02:05:36	outlined beforehand. Is it every single candle providing you a trade? No, and
1434	02:05:36 --> 02:05:45	that's exactly the point. That's the point he's going to see, oh, this is the
1435	02:05:45 --> 02:05:48	thing I'm looking for. There might be some wiggle and waggle in price action
1436	02:05:48 --> 02:05:53	that he can see coming and, oh, yeah, that's not a trade. But isn't it funny
1437	02:05:53 --> 02:05:56	how it's time to put the money in? We're going to see a gap. Stay open,
1438	02:05:56 --> 02:06:01	institutional order for entry. We're talking about entries this week. Did it
1439	02:06:01 --> 02:06:10	work? You tell me, you tell me, expose e you tell me, Mr. YouTuber, trying to
1440	02:06:10 --> 02:06:12	make money with affiliate links and talking to other fucking people, you
1441	02:06:12 --> 02:06:17	fucking clown Come on. You tell me. Is it working? Am I Am I throwing my career
1442	02:06:17 --> 02:06:24	away? Am I I'm out here clowning you, you fucking retard. The fuck out of
1443	02:06:24 --> 02:06:28	here, you fucking piece of shits. Students that stay here and learn how to
1444	02:06:28 --> 02:06:33	do this, they will be laughing at you like I laugh at you, because once they
1445	02:06:33 --> 02:06:37	know how this is done in their own hands, nobody's going to convince them
1446	02:06:37 --> 02:06:41	otherwise. Because this is the truth, this is the market, and there ain't
1447	02:06:41 --> 02:06:46	nothing better. Nothing's going to be better than this. How the fuck can you
1448	02:06:46 --> 02:06:52	improve upon perfection? How can you you'll know when to do something, when
1449	02:06:52 --> 02:06:55	not to do something. You know when a market's going to behave a certain way.
1450	02:06:56 --> 02:07:00	You talk about volume, profile, that's really a, really a poor choice of of
1451	02:07:00 --> 02:07:06	words. Because if I say a market profile, invariably, some of you are
1452	02:07:06 --> 02:07:11	thinking, Oh, well, he's just renaming volume profile. No, what I'm saying is
1453	02:07:12 --> 02:07:18	there are schematics on how the price will behave a certain way, on an
1454	02:07:18 --> 02:07:23	individual session basis, on a daily basis, on a weekly range basis, and on a
1455	02:07:23 --> 02:07:30	monthly range basis, on a quarterly basis. And for the year, I know that if
1456	02:07:30 --> 02:07:33	I didn't know that, I couldn't sit here and tell you when certain things are
1457	02:07:33 --> 02:07:38	going to form on a one minute chart, on a 15 second fucking chart. How could
1458	02:07:38 --> 02:07:42	that be possible? How is that possible unless I know something that nobody else
1459	02:07:42 --> 02:07:47	fucking knows. That's not bragging. I'm forcing you to make a critical
1460	02:07:47 --> 02:07:52	assessment. Here. Are you paying attention? Because clearly, this is not
1461	02:07:52 --> 02:07:58	harmonic bullshit. It's not supply and demand, it's elements of time then
1462	02:07:58 --> 02:08:03	waiting for price to do something as a response to what's done at the specific
1463	02:08:03 --> 02:08:12	time you're waiting. And to make it very, very easy, to make it very simple,
1464	02:08:13 --> 02:08:19	I taught my son to outline the liquidity above and below the marketplace and wait
1465	02:08:19 --> 02:08:24	for the first one to be taken and then the second one will come later, because
1466	02:08:24 --> 02:08:30	the first one shall later be last. That's in Scripture. That's the same
1467	02:08:30 --> 02:08:35	thing you're seeing in the marketplace. This liquidity was saved. And what
1468	02:08:35 --> 02:08:40	you're going to learn the key takeaways, Caleb, is, if this is going to be taken
1469	02:08:40 --> 02:08:43	second, that means it's going to potentially move a little bit more
1470	02:08:43 --> 02:08:50	beyond this one. Meaning, what if you know that a daily range, and I'm going
1471	02:08:50 --> 02:08:55	to let me draw a crude depiction of a thunder, another daily candlestick here.
1472	02:08:55 --> 02:09:02	We're not canceling, but open highly close. If you're enjoying this and
1473	02:09:02 --> 02:09:07	you're making leaps and bounds in your understanding or just entertained, this
1474	02:09:07 --> 02:09:11	is the time when you do the thumbs up on the channel. Well, in this video, if you
1475	02:09:11 --> 02:09:16	took the thumbs up, that means that I connected with you on a level that has
1476	02:09:16 --> 02:09:22	helped you understand and inspired you to stick with it. If you don't put the
1477	02:09:22 --> 02:09:27	thumbs up, I'm still going to keep doing it, because that means that you want me
1478	02:09:27 --> 02:09:29	to stop, and I'm going to deny you.
1479	02:09:35 --> 02:09:38	Okay, I did this the last time. I guess it's too small for me to copy, like
1480	02:09:38 --> 02:09:42	that. I'm sure there's probably an easier way just calling it ICT. I heard
1481	02:09:42 --> 02:09:50	you, but if I still move it, it's gonna act wonky. I said, say, think of this as
1482	02:09:50 --> 02:09:56	a individual bar for a daily chart. Okay, so in other words, it's, it's
1483	02:09:56 --> 02:10:04	representing the highest high i. In the lowest low of the day, okay? And say in
1484	02:10:04 --> 02:10:08	your in your mind, that you're looking at the market and you're studying weekly
1485	02:10:08 --> 02:10:12	charts and monthly charts and daily charts over the weekend, before the
1486	02:10:12 --> 02:10:16	market starts trading on Sunday at 6pm I'm going to say this portion here, and
1487	02:10:16 --> 02:10:19	then we'll drop down to a 15 second chart and look at the fluctuations. And
1488	02:10:19 --> 02:10:22	then I'm going to close the session now, because it's getting a little bit too
1489	02:10:22 --> 02:10:28	long, I'm bit too long. No, no, keep going. I want to, but I want to keep it
1490	02:10:28 --> 02:10:32	small, because my son doesn't have a lot of time after he works to watch all
1491	02:10:32 --> 02:10:37	these things, so I have to be a little bit more economical with my time, as
1492	02:10:37 --> 02:10:41	much as I'm pouring into it, but I'm doing it every day. So he's he's laxy
1493	02:10:41 --> 02:10:47	behind, so he's not watching these in the entirety from the beginning to end,
1494	02:10:47 --> 02:10:50	because he's working, and I don't want to get in trouble while he's worth
1495	02:10:50 --> 02:10:57	watching my stuff at work. You shouldn't do that. So that's kind of like where
1496	02:10:57 --> 02:11:01	I'm trying to aim for going forward. And it's a little bit complicated, because
1497	02:11:01 --> 02:11:04	you're gonna eventually have to trade the whole session, right? So you have to
1498	02:11:04 --> 02:11:08	have the, at least the entire session in the live stream to talk about what it is
1499	02:11:08 --> 02:11:12	and what it isn't. But if this is the daily range, okay, not a candlestick,
1500	02:11:12 --> 02:11:16	but an Open, High, Low, Close bar. So this is the open, this is the lowest
1501	02:11:16 --> 02:11:19	that made for the day, and this is the highest it made for the day, and this is
1502	02:11:19 --> 02:11:26	where it stops trading. Okay, if you're thinking is that we're probably going to
1503	02:11:26 --> 02:11:32	move up over a series of days or for the week or for the month, or we're moving
1504	02:11:32 --> 02:11:38	in that direction higher, okay? And you're watching price action at 930
1505	02:11:39 --> 02:11:49	here, and you've defined as we did here, the sell side was here. We incorporated
1506	02:11:49 --> 02:11:54	that old, new date opening that, and we gave you the buy side. So if we're
1507	02:11:54 --> 02:11:56	opening right here at that candlesticks tick opening,
1508	02:11:57 --> 02:11:59	we go back over here.
1509	02:12:01 --> 02:12:07	If that opening price on that I'm gonna move this vertical line so as you can
1510	02:12:07 --> 02:12:14	see it better, so that opening, we opened went up, closed down. That
1511	02:12:14 --> 02:12:20	opening right there represents this graphically in my diagram. Okay, and
1512	02:12:20 --> 02:12:25	then from that open price, that movement from here to that low, that low would
1513	02:12:25 --> 02:12:29	represent that low on the daily Open, High, Low, Close bar. So what we're
1514	02:12:29 --> 02:12:35	saying is the open and the initial drop down, that's the fake move. That's the
1515	02:12:35 --> 02:12:41	Judah swing. That's where smart money buys. Okay, now the complication comes
1516	02:12:41 --> 02:12:46	in at where you are going to be a buyer. I don't expect my son to be a buyer down
1517	02:12:46 --> 02:12:50	here. I don't expect him to buy the rejection block. I don't expect him to
1518	02:12:50 --> 02:12:53	buy down here. Below that low that's too much of an expectation placed on him.
1519	02:12:53 --> 02:12:58	He's not it's going to take him a long time to try to buy below here. I can do
1520	02:12:58 --> 02:13:01	that clearly. You can see I've done I've done executions with live accounts.
1521	02:13:01 --> 02:13:07	Proved it. They were in live accounts. You can see it there, signed in to my
1522	02:13:07 --> 02:13:10	account. It's on this channel, still written a TD Ameritrade show every
1523	02:13:10 --> 02:13:15	single day with the broker statements are shown every single day. Okay? It's
1524	02:13:15 --> 02:13:18	there people that want to talk about, I don't trade real money. Kiss my fucking
1525	02:13:18 --> 02:13:25	ass. I'm out here doing it. You talking about, but that opening price here, down
1526	02:13:25 --> 02:13:31	to that low in that area, that range, that means where this low forms and
1527	02:13:31 --> 02:13:36	where the opening is you're hunting. You don't have to have the low tick. You're
1528	02:13:36 --> 02:13:42	just hunting something to be long. You can feel confident that when you're
1529	02:13:42 --> 02:13:45	working towards holding on to trades that pan out longer term. Patrick wheel,
1530	02:13:45 --> 02:13:49	and this is for you, buddy, because you need to learn how to fucking trade this
1531	02:13:49 --> 02:13:53	movement from the opening price of the shock team right now. He's like, What
1532	02:13:53 --> 02:13:57	the fuck is called darning. Yeah, your your listeners need to support you too,
1533	02:13:57 --> 02:14:00	not trolling. You shouldn't encourage him, because if he starts doing stuff
1534	02:14:00 --> 02:14:07	like this, he'll start making real big money, real big money, and he'll be
1535	02:14:07 --> 02:14:11	amazing to watch live streaming and doing it. Okay, but this opening price
1536	02:14:11 --> 02:14:19	down to that low, that range, okay, graphically looks like this, that little
1537	02:14:19 --> 02:14:22	sweet spot right here,
1538	02:14:29 --> 02:14:33	inside that range. That's where your best opportunity to buy and hold and
1539	02:14:33 --> 02:14:37	just wait until we get to the lunch hour and then measure out where it can
1540	02:14:37 --> 02:14:41	retrace. So if there's going to be a lunch macro, if it's going to go lower,
1541	02:14:41 --> 02:14:45	you can determine where it's going to go lower. You can determine that and not
1542	02:14:45 --> 02:14:50	place your stop loss within grasp of that. Ideally, what you want to do is
1543	02:14:50 --> 02:14:53	learn to try to enter when you're bullish, longer term, when you think
1544	02:14:53 --> 02:14:55	it's going to go higher. So don't think that this is a one trick coating
1545	02:14:55 --> 02:14:59	intraday trading only, and you can never use it to make bigger money. You can
1546	02:14:59 --> 02:15:04	you. But you can't, you can't appreciate this type of daily candlestick flows
1547	02:15:04 --> 02:15:08	until you first learn how to read these intraday price fluctuations. Because by
1548	02:15:08 --> 02:15:11	doing it this way, number one, you're going to get a lot of exercise. You're
1549	02:15:11 --> 02:15:17	going to get a lot of price action to digest and learn from. Because
1550	02:15:17 --> 02:15:20	everything I'm showing you here is fractal. You can apply it to a weekly
1551	02:15:20 --> 02:15:24	chart. You can apply it to a monthly chart. You can drill down to a five
1552	02:15:24 --> 02:15:28	second chart. It's still there. What do you want to do with it? How you want to
1553	02:15:28 --> 02:15:34	frame your model? But for folks that want to use this for longer term holding
1554	02:15:34 --> 02:15:38	on for the longer term range. And I'm reason why I'm teaching this is I got
1555	02:15:38 --> 02:15:42	criticized by students that actually aren't paid students too. They're like
1556	02:15:42 --> 02:15:47	you said in our lectures, that days that go up are classic by day, yeah, but you
1557	02:15:47 --> 02:15:53	can't participate on them if they make this low before 830 I'm sorry, before
1558	02:15:53 --> 02:15:57	930 is opening bell, and you're trading at 930 and you're streaming at 930 How
1559	02:15:57 --> 02:16:01	the fuck am I going to teach you how to use an 830 entry if I'm starting the
1560	02:16:01 --> 02:16:07	stream at 930 so I can't go back in time and put myself in the trade. And clearly
1561	02:16:07 --> 02:16:11	I can't do that. But for those individuals that know that this is what
1562	02:16:11 --> 02:16:16	it looks like, not every classic by day or classic sell day where it's just one
1563	02:16:16 --> 02:16:22	direction that's not the same, a classic buy day is just it moves up and closes
1564	02:16:22 --> 02:16:27	up high. It doesn't mean it's one direction with no retracements. There
1565	02:16:27 --> 02:16:30	are. Sometimes it's like that, and if you're able to hold on to it, they're
1566	02:16:30 --> 02:16:33	very, very fun. And I'm teaching you how to do those types of things right here,
1567	02:16:33 --> 02:16:39	right now, addressing paid students that question me critically, I might add,
1568	02:16:39 --> 02:16:43	disrespectfully. I might add, if I was Negan, you get a fucking molten, hot
1569	02:16:43 --> 02:16:46	lava shit poured over your fucking head because of that, you better talk nicely
1570	02:16:46 --> 02:16:52	to me. Better remember who daddy is. So we have the opening, which is that price
1571	02:16:52 --> 02:16:59	there, and any movement down, we don't need it to tell us in advance what the
1572	02:16:59 --> 02:17:02	lowest lowest see that that's the part that's going to hurt you, because you're
1573	02:17:02 --> 02:17:06	thinking, I need to know how to buy below the opening price. Because that
1574	02:17:06 --> 02:17:11	was what I that was my biggest challenge, because Larry Williams said
1575	02:17:11 --> 02:17:16	he couldn't determine how to do that. So he would buy strength breaking above the
1576	02:17:16 --> 02:17:19	opening price. And every time I did that, it would hurt me, because it would
1577	02:17:19 --> 02:17:24	retrace back down in and it would crush me. I would get stopped out because I
1578	02:17:24 --> 02:17:28	was over leveraging in my 20s, and I wanted to get to the end of the game
1579	02:17:28 --> 02:17:30	where I didn't have to have a job. So I was doing all the wrong things. I was
1580	02:17:30 --> 02:17:34	putting all the emphasis on all the wrong shit, hoping that I could get
1581	02:17:34 --> 02:17:37	myself around all the adversities that I knew were likely. But I just put
1582	02:17:37 --> 02:17:41	blinders on saying I'm not gonna I'm not gonna be subject to that. It's gonna
1583	02:17:41 --> 02:17:45	work for me. I'm gonna get lucky and it didn't work like that. I had all the
1584	02:17:45 --> 02:17:49	things, same things that happened to you, happen to me, but it happened in
1585	02:17:49 --> 02:17:53	much more stunning fashion, because I was willing to put more money in
1586	02:17:53 --> 02:17:58	constantly, and trade without any stock, without any measure of concern about it
1587	02:17:58 --> 02:18:03	losing. I only saw the potential of it winning every single time. So that's
1588	02:18:03 --> 02:18:10	toxic, and you got to avoid that. But at the opening price or below, that's what
1589	02:18:10 --> 02:18:13	Larry Williams is saying. He couldn't figure that out. And he faces he said,
1590	02:18:13 --> 02:18:17	You know, I don't know if, if he knew the addresses or the not the address,
1591	02:18:17 --> 02:18:20	but the zip codes of the traders that knew how do that would be helpful. It
1592	02:18:20 --> 02:18:24	was facetious statement, but I was like, You know what? Here's my hero in 1995
1593	02:18:25 --> 02:18:30	I'm watching this man who went out there in public, physically took $10,000 to
1594	02:18:30 --> 02:18:35	$2.2 million fell, got hurt, and then traded back to $1.2 million and
1595	02:18:35 --> 02:18:39	everybody said it wasn't, it wasn't real. Wasn't it wasn't a real event. It
1596	02:18:39 --> 02:18:45	just took place, man. He did it. Okay. So that was my hero. That was everything
1597	02:18:45 --> 02:18:48	he said. I hung on every word, like some of you do with me, and please don't do
1598	02:18:48 --> 02:18:52	that. Never meet your hero. Never look up to your hero and put them on a
1599	02:18:52 --> 02:18:55	pedestal, because eventually you get more information about that person,
1600	02:18:55 --> 02:19:00	you'll find out they're done as heroic as you thought. And it hurts. It hurts.
1601	02:19:00 --> 02:19:05	And I'm not saying anything bad about Larry. I'm just saying that I took his
1602	02:19:06 --> 02:19:10	public statement about what he was unable to see in price action, and that
1603	02:19:10 --> 02:19:14	was the invitation for me to say, that's the thing I'm looking for. Because if he
1604	02:19:14 --> 02:19:19	can't do that, I'm going to go in. If anybody on this fucking plan is going to
1605	02:19:19 --> 02:19:25	figure it out, I'm going to, and I did, and I teach it to power three. So if we
1606	02:19:25 --> 02:19:28	know the opening price, that's a finite number, they're not going to move that
1607	02:19:28 --> 02:19:33	around. It's right there. It's the opening tick on that candle. Then simply
1608	02:19:33 --> 02:19:39	wait for it to drop. Aim for liquidity, or aim for any inefficiency below that
1609	02:19:39 --> 02:19:42	price to the left over here. Okay, the first stages were the sell side
1610	02:19:42 --> 02:19:45	liquidity, and then that knew the opening gap. It pierced through both of
1611	02:19:45 --> 02:19:48	them. And then what it did came right back to opening range. And I said it was
1612	02:19:48 --> 02:19:54	spending too much time into it here. And then it drops takes out that low. Then I
1613	02:19:54 --> 02:19:59	told you I took your attention to that wick, the midpoint of that and we want
1614	02:19:59 --> 02:20:04	to see it get above it. To treat the old New Day opening gap. Now let me ask you
1615	02:20:04 --> 02:20:07	something. If you didn't know about the new day opening gap, why would you
1616	02:20:07 --> 02:20:10	expect this candle to drop to that level right there and then send it high? Why
1617	02:20:10 --> 02:20:15	would why would you expect that you fucking wouldn't. You would have never
1618	02:20:15 --> 02:20:19	expected that to happen. That would have never fucking happened. But here it is.
1619	02:20:19 --> 02:20:24	Go to ICT, sitting here, 50 to 52 years old. Could be sitting on a fucking beach
1620	02:20:24 --> 02:20:27	sipping on some pina colada, non alcoholic, relaxing. I could have been
1621	02:20:27 --> 02:20:33	doing anything else but this, and I'm explaining it to you beforehand, for
1622	02:20:33 --> 02:20:41	free, for free, no fucking course, payments required. Taking your attention
1623	02:20:41 --> 02:20:44	right there, it's going to form a fair value gap, and it's going to be an entry
1624	02:20:44 --> 02:20:47	that's an institution order flow entry drill. That means it's not going to
1625	02:20:47 --> 02:20:51	close the gap in. It's going to leave a portion open, and then it fucking does
1626	02:20:53 --> 02:20:57	it. What's occurring, this fair value gap with the institutional order flow
1627	02:20:57 --> 02:21:01	entry drill and leaving that gap open? Where's that? Where's that forming in
1628	02:21:01 --> 02:21:06	the context of the daily range based on this logic over here, it's inside that,
1629	02:21:06 --> 02:21:14	open to the low, open to the low. Look. I'll use the same thing graphically
1630	02:21:14 --> 02:21:17	depicting. I'm not predicting the closing price. Don't get me wrong. I'm
1631	02:21:17 --> 02:21:21	just saying, if you go in every single day with this logic while you're
1632	02:21:21 --> 02:21:25	learning how to do it better. This is how you grow in holding on to trades.
1633	02:21:25 --> 02:21:30	And eventually you are going to catch a fucking tiger by the tail, and baby,
1634	02:21:30 --> 02:21:33	when it starts running, you better hold the fuck on, because you're going
1635	02:21:33 --> 02:21:39	through all kinds of shit, sticker bushes, water, dry ground, rocks, tear
1636	02:21:39 --> 02:21:43	your ass all up. It's gonna be hard to hold on to it, but the end of the day,
1637	02:21:43 --> 02:21:47	when it closes like this, on the days that it doesn't, man, you've made tons.
1638	02:21:48 --> 02:21:53	You've made tons, and that fixes all kinds of screw ups. It fixes all kinds
1639	02:21:53 --> 02:21:57	of drawdown it fixes all kinds of days where you did too much and you gave back
1640	02:21:57 --> 02:22:01	wins. It fixes all that stuff, and it smooths out your monthly equity curve.
1641	02:22:02 --> 02:22:06	So I'm not poor. I'm not pushing my son into taking trades that it's just 1015,
1642	02:22:06 --> 02:22:11	handles, 20 handles, and, yeah, you're a success. You can and it's going to prove
1643	02:22:11 --> 02:22:16	to him that you don't need anything more than that to make your job. But
1644	02:22:16 --> 02:22:21	eventually he's going to be forced into trading like this. See, I this is my
1645	02:22:21 --> 02:22:31	son. I want ICT 5.0 fuck 2.0 we're going 5.0 because I want him to be a fucking
1646	02:22:31 --> 02:22:34	freak. I want him to be able to go in there like I can, and say, This is
1647	02:22:34 --> 02:22:36	what's going to happen, and this is why it's going to happen, and I ain't
1648	02:22:36 --> 02:22:39	worried about it's going to happen. Boom, done. He can go in here like a
1649	02:22:39 --> 02:22:42	fucking money tree, walk out back, pluck some fucking Benjamins off the fucking
1650	02:22:42 --> 02:22:45	branch, stuff his pockets, go fucking spin it and not worry about the price
1651	02:22:45 --> 02:22:48	tag. That's what I want for my son. And if you think that's arrogant, you think
1652	02:22:48 --> 02:22:52	that's narcissistic, go fuck yourself this. Why would you want anything less?
1653	02:22:52 --> 02:22:57	It doesn't mean it's, it's, oh, it's, it's evil. That's what the devil wants.
1654	02:22:57 --> 02:23:03	That's not biblical. People that send me stuff, you God, the God doesn't want you
1655	02:23:03 --> 02:23:08	trading. He literally teaches a parable about giving a reward for people that do
1656	02:23:08 --> 02:23:11	the very thing that we do. We're investing, we're not gambling. Does this
1657	02:23:11 --> 02:23:16	look like fucking gambling? Knowing what you're looking for, waiting for the
1658	02:23:16 --> 02:23:20	criteria to be met, and then having sound logic, saying it should behave
1659	02:23:20 --> 02:23:25	like this, and then it does inside the range between the open down to the low.
1660	02:23:25 --> 02:23:29	There's your fair value. Get right there. That is your low risk.
1661	02:23:34 --> 02:23:41	Oh, and you did it? Live. You outline the details. Live. No hindsight, no
1662	02:23:41 --> 02:23:48	edited out here in front of everybody, it either works or it doesn't. I either
1663	02:23:48 --> 02:23:52	do my victory lap or I fall on my face. Which is it? Which happened in your
1664	02:23:52 --> 02:23:56	chart? Pun, isn't it? So eventually, what happens is, by entering like this,
1665	02:23:56 --> 02:24:00	when you have a longer term bias that you derive from a monthly and a weekly
1666	02:24:00 --> 02:24:06	chart. So eventually Caleb's going to determine where in that spectrum his
1667	02:24:06 --> 02:24:11	trades should be focused on. So if you're bullish longer term, and you
1668	02:24:11 --> 02:24:15	think that this is the criteria that the daily candles are going to form, or the
1669	02:24:15 --> 02:24:19	day that you're trading is going to form this so this is basically at five, five
1670	02:24:19 --> 02:24:23	o'clock or 415, Eastern Standard Time that closing price in relationship
1671	02:24:23 --> 02:24:28	theory, opened up at 930 down here, that's bullish, isn't it? So how can
1672	02:24:28 --> 02:24:34	you, how can you hold on to those trades without having a whole lot of fear,
1673	02:24:34 --> 02:24:38	anxiety or scared I'm going to get stopped out. You have to determine how
1674	02:24:38 --> 02:24:43	to buy at the open or below it, because rarely will it go back down after it
1675	02:24:43 --> 02:24:47	runs up here, it rarely goes back back down here. If it does, it's probably not
1676	02:24:47 --> 02:24:52	going to create this condition here. So why do I teach you to take partials?
1677	02:24:52 --> 02:24:55	Because you don't know when it's going to turn on. You. You don't have the
1678	02:24:55 --> 02:24:59	advanced understanding, you don't have the experience, you don't have the you.
1679	02:25:00 --> 02:25:05	The time invested in knowing how to navigate price you don't know. You're
1680	02:25:05 --> 02:25:09	going to react to everything, adversely, everything. When you're making money,
1681	02:25:09 --> 02:25:12	it's going to scare you shitless. You're going to know what the like. What am I
1682	02:25:12 --> 02:25:16	supposed to do? I was hoping I was going to move up 20 handles. It just jumped
1683	02:25:16 --> 02:25:21	40. I didn't put a limit order in. What the fuck do I do? I'm making more money,
1684	02:25:21 --> 02:25:25	I'm supposed to what am I supposed to do? That's a good problem, but you're
1685	02:25:25 --> 02:25:28	going to get panicked by that, and you're to hold on to it too long,
1686	02:25:28 --> 02:25:32	because you're not going to notice that it's caused a reversal, because you
1687	02:25:32 --> 02:25:38	don't have the experience, and that's the first time you made big money. These
1688	02:25:38 --> 02:25:42	are all lessons that you're going to walk into and discover, wow, I didn't
1689	02:25:42 --> 02:25:45	know that about myself. I didn't know I was going to handle it that way. You
1690	02:25:45 --> 02:25:50	think when you make money, it's going to be, I'm cool, I'm chill shit. I got
1691	02:25:50 --> 02:25:54	nothing to worry about. Bro, it's this everyday thing around here, man, the
1692	02:25:54 --> 02:25:58	whole time you're shitting bricks because you've never felt that before.
1693	02:25:58 --> 02:26:05	Your panic, your your heart's tacking 130 beats a minute. You can't catch your
1694	02:26:05 --> 02:26:08	breath. You're hyperventilating. Your body's tingling. You'd like you're gonna
1695	02:26:08 --> 02:26:11	pass out and throw up and shit yourself all at the same time. Welcome to
1696	02:26:11 --> 02:26:14	profitable trading for the first time, because that's exactly what it fucking
1697	02:26:14 --> 02:26:17	feels like. You've never been there, and nobody can adequately describe it.
1698	02:26:17 --> 02:26:21	That's the closest thing when you get there, you're like, Damn, he was right.
1699	02:26:21 --> 02:26:25	And when you let go of that moment and you let it turn into a loss, man, does
1700	02:26:25 --> 02:26:31	that suck? So I'm trying to prevent that. I'm trying to prevent that whole
1701	02:26:32 --> 02:26:36	escapade because it holds you back when you have it, because it creates scar
1702	02:26:37 --> 02:26:42	tissue. So by entering in after what side of the marketplace? And it's
1703	02:26:42 --> 02:26:46	liquidity. Remember, we framed it here. This is easy, folks. I don't know what
1704	02:26:46 --> 02:26:49	the fuck you people are complaining about relative equal highs and the
1705	02:26:50 --> 02:26:53	relative equal lows I gave you this morning. Which one does it hit first
1706	02:26:53 --> 02:26:59	after 930 bang. Okay, so what does that tell you? That's the first stage of
1707	02:26:59 --> 02:27:03	catching a power three day like this. If you're gonna try to hold for a long, big
1708	02:27:03 --> 02:27:09	up close day, it has to drop down and take the sell side first. It did it this
1709	02:27:09 --> 02:27:14	morning. But see, look at, well, look at how I'm teaching my son. Look at how I
1710	02:27:14 --> 02:27:19	taught the mentorship, the paid mentorship, is the same way. It's the
1711	02:27:19 --> 02:27:25	same way. Listen to the liquidity conversations I have in there, the buy
1712	02:27:25 --> 02:27:28	side and the sell side. Now Johnny asked Munch will sit there and watch this
1713	02:27:28 --> 02:27:32	stuff and say, Hey, see, he's calling both sides of marketplace. He doesn't
1714	02:27:32 --> 02:27:34	know what the fuck he's talking about. You're an idiot. You're a fucking idiot.
1715	02:27:34 --> 02:27:39	You're a clown. You don't even listen if you're gonna troll me, at least do the
1716	02:27:39 --> 02:27:43	fucking due diligence of listening to what I said, get the framework and then
1717	02:27:43 --> 02:27:47	go and improve. It doesn't work. That's how you do it. But see, you can't do it
1718	02:27:47 --> 02:27:51	that way. So you gotta take things out of context. Because 90% of people that
1719	02:27:51 --> 02:27:53	have any familiarity with me, they are not my students. They'll say, Oh yeah,
1720	02:27:53 --> 02:27:57	it's a ICT guy. He's hindsight, he's Democrat, he's whatever, because they
1721	02:27:57 --> 02:28:01	heard everybody else's opinion about it, and they never sat here and was a
1722	02:28:01 --> 02:28:05	student. They never put themselves through it. But if you take the sell
1723	02:28:05 --> 02:28:09	side first, that's the first qualifier for an up close day. Because what is it
1724	02:28:09 --> 02:28:14	doing? It's tricking people that it's going to go down. That's the Judas
1725	02:28:14 --> 02:28:19	swing. The Judas goat is the goat that leads the lamb, or the lambs, into the
1726	02:28:19 --> 02:28:22	slaughterhouse. There's a little pathway that the Judas go that's trained to take
1727	02:28:23 --> 02:28:26	a little detour, not going slaughterhouse. But the sheep are
1728	02:28:26 --> 02:28:31	stupid. They're following the opinions of other people that are not students of
1729	02:28:31 --> 02:28:34	mine, that have something to sell, and they want to deter you. They want to
1730	02:28:34 --> 02:28:37	take you away from it. They want to lead you into their slaughterhouse. Who do
1731	02:28:37 --> 02:28:41	you want to fucking believe? Who are you going to believe the guy that's
1732	02:28:41 --> 02:28:45	literally sitting here for fucking free teaching you how to beat the shit out of
1733	02:28:45 --> 02:28:49	these fucking markets with a level of precision that none of these clowns can
1734	02:28:49 --> 02:28:54	even come close to, and explaining it over a one minute chart real time with a
1735	02:28:54 --> 02:28:58	three second delay, and I can't speed it up anymore, baby, that's the fastest
1736	02:28:58 --> 02:29:02	that YouTube's gonna send it through Its servers. Are you gonna believe the guy
1737	02:29:02 --> 02:29:05	that says, Oh, this guy's an asshole. Here's my affiliate link. Hope you use
1738	02:29:05 --> 02:29:09	my broker, because I help me out and support my channel. Who are you gonna
1739	02:29:09 --> 02:29:18	believe? Who is teaching what they need their money? I am not asking for shit. I
1740	02:29:18 --> 02:29:21	don't give a fuck whether you use my stuff or not. I don't care, because it's
1741	02:29:21 --> 02:29:24	going to keep working regardless of you using it or not using it, and the more
1742	02:29:24 --> 02:29:27	people using it. Guess what? It just means there's more witnesses to the fact
1743	02:29:27 --> 02:29:34	that it's fucking working. But everything is a graduated understanding.
1744	02:29:35 --> 02:29:38	When Caleb sees that the cell side's taken first, okay, that means it's going
1745	02:29:38 --> 02:29:42	to reach for the boss side. But I can't take him into a lesson. Says, Look, son,
1746	02:29:42 --> 02:29:47	when we're bullish, what makes us bullish? Well, we just watched today. It
1747	02:29:47 --> 02:29:51	took the sell side first, and then it reaches for the buy side. After seeing
1748	02:29:51 --> 02:29:54	that for days, weeks and months, you get comfortable with that idea. You don't
1749	02:29:54 --> 02:29:57	need somebody else to tell you in another video, you don't need ICT to
1750	02:29:57 --> 02:30:02	answer your question about the bias, because you. Already seen it. So then
1751	02:30:02 --> 02:30:11	the next graduated step is holding through lunch. Aim for 130 close your
1752	02:30:11 --> 02:30:16	trait entirely at 130 if you're in profit, close it. And you keep doing
1753	02:30:16 --> 02:30:19	that. And then eventually what you'll do is you'll watch and see that. Eventually
1754	02:30:19 --> 02:30:23	you'll start seeing the days that do these types of things, they close near
1755	02:30:23 --> 02:30:30	their high, but just off the high, like it does here. And you'll see that during
1756	02:30:30 --> 02:30:34	the last hour, it creates that far upstream high, and then right before
1757	02:30:34 --> 02:30:38	close, it comes off that, and that closes just a little bit below where the
1758	02:30:38 --> 02:30:45	highest high was for the day. So if you do your work of buying below the open at
1759	02:30:45 --> 02:30:51	or below it, and I gave you that real time here today, in such a beautiful,
1760	02:30:51 --> 02:30:56	beautiful tapestry, it's beautiful, isn't it? See how all this stuff fits
1761	02:30:56 --> 02:31:00	together. And some of you think this is this is complicated. Well, it's
1762	02:31:00 --> 02:31:03	complicated Well, it's complicated because it's going to require some
1763	02:31:03 --> 02:31:07	fucking brain cells, okay? And it's going to require more than 30 seconds of
1764	02:31:08 --> 02:31:17	spending time looking at it. I'm not tick tock, okay? The logic of following
1765	02:31:17 --> 02:31:22	this to its completion, you have no idea where you are going to be as a trader
1766	02:31:23 --> 02:31:28	the let the leaps and bounds that and in the depth of understanding, you're gonna
1767	02:31:28 --> 02:31:32	be able to have using this information once you have it, no one can take it
1768	02:31:32 --> 02:31:36	from you, no one can diminish it. No one can talk down to you. They can't strip
1769	02:31:36 --> 02:31:39	it from you. They can't demoralize you. They can't make you doubt it. You'll
1770	02:31:39 --> 02:31:43	never fucking doubt it. You'll literally walk around with a fucking raging hard
1771	02:31:43 --> 02:31:46	on, and you may still be a fucking female but you're gonna be horned up on
1772	02:31:46 --> 02:31:49	it, because this is the real shit. You will never be scared of the market.
1773	02:31:49 --> 02:31:52	You're never scared of it, will you respect it absolutely fucking lutely.
1774	02:31:55 --> 02:31:58	But you won't be fearful. You won't be fearful that it's gonna stop working.
1775	02:31:58 --> 02:32:03	It's gonna keep working because there's assets and dumbasses always coming in
1776	02:32:03 --> 02:32:06	the marketplace that want to follow indicators and some bullshit Mickey
1777	02:32:06 --> 02:32:11	Mouse logic that's sold in books and core seller stuff, there's always gonna
1778	02:32:11 --> 02:32:14	be some kind of fucking ginnick that comes out and so, oh well, yeah, I was
1779	02:32:14 --> 02:32:19	just so and so. I was an ex ICT student, but this guy's Lux algo indicator did it
1780	02:32:19 --> 02:32:22	for me. And Lux I'll go, I know you haven't reached out to me or anything.
1781	02:32:22 --> 02:32:26	I'm not shitting on you. I'm just saying you make indicators, okay? And I make a
1782	02:32:26 --> 02:32:29	lot unique indicators with my own stuff in it. Some of it ain't right, some of
1783	02:32:29 --> 02:32:33	it's close. But the point is, is indicators, by Venom itself, is useless.
1784	02:32:35 --> 02:32:41	It's useless if I have a fucking stop sign, okay, if I have a stop sign, which
1785	02:32:41 --> 02:32:47	is a control device for drivers, if I take that stop sign and I put it at the
1786	02:32:47 --> 02:32:52	bottom of the fucking cliff on a foggy day, okay, and you drive off the fucking
1787	02:32:52 --> 02:32:58	cliff, and as you're going down, you see the stop sign, what good is that you're
1788	02:32:58 --> 02:33:05	fucked. You can't stop it. You're done. Indicators are taking what's already
1789	02:33:05 --> 02:33:08	happened. You're fucking falling off a cliff. You better stop. You're damn
1790	02:33:08 --> 02:33:11	right. You better stop. But unfortunately, you're gonna stop
1791	02:33:11 --> 02:33:12	abruptly, and that ends you
1792	02:33:14 --> 02:33:16	just like it does in your trading account, because you're taking
1793	02:33:16 --> 02:33:19	mathematically derived information that's been crunched by indicators,
1794	02:33:20 --> 02:33:25	okay, and attributing to it a level of faith it does not deserve. It doesn't
1795	02:33:25 --> 02:33:30	give you advanced insight. I'm telling you fair value gaps where they're going
1796	02:33:30 --> 02:33:34	to form in inversion. Fair Value gaps before they fucking form, before they're
1797	02:33:34 --> 02:33:39	there. The indicator can never do that. It has to have the old data. Then it
1798	02:33:39 --> 02:33:47	crunches it then it spits it out. I'm ahead of everything before any of your
1799	02:33:47 --> 02:33:54	volume bullshit. I'm already ahead of it before any harmonic fucking pattern. I
1800	02:33:54 --> 02:34:00	already see it coming. And what do you think happens when you're a student of
1801	02:34:00 --> 02:34:07	mine, and you take it serious, you're just like me. You're informed, you're
1802	02:34:07 --> 02:34:11	educated, you're fucking light years ahead of everybody else. And when you
1803	02:34:11 --> 02:34:16	listen to these ass hats, these fucking ankle biters, these little nose mining
1804	02:34:16 --> 02:34:22	pricks, these 20 year olds that think they know something, they have no idea.
1805	02:34:22 --> 02:34:27	They have no fucking idea. And it's entertaining as fuck. And I do this
1806	02:34:27 --> 02:34:32	because I want more of it. I want more of it. You entertain me, you fucking
1807	02:34:32 --> 02:34:36	assholes, you fucking clowns. I can sit here every fucking day and it's still
1808	02:34:36 --> 02:34:43	gonna be the same outcome, but you're sitting over there waiting for the day,
1809	02:34:43 --> 02:34:46	waiting for the day that I'll call one candle wrong, and you'll you'll forget
1810	02:34:46 --> 02:34:52	everything else in the live stream, but you'll go to that and you're still
1811	02:34:52 --> 02:34:57	Hawking affiliate links. You're still Hawking some drama, bullshit clowns.
1812	02:34:57 --> 02:35:02	That's a clown, but I'll have fun like. You, you'll be a toy for me. And
1813	02:35:02 --> 02:35:05	everybody that learns how to do this will look at people like that the same
1814	02:35:05 --> 02:35:08	way. You won't. Maybe you won't play around like a cat and mouse, like I do,
1815	02:35:09 --> 02:35:13	but you look at and say, No, you dismiss it because it's irrelevant. Their
1816	02:35:13 --> 02:35:17	opinion is irrelevant because once you adopt your own mindset, your own
1817	02:35:17 --> 02:35:21	opinion, because you've handled it, you've worked with the information,
1818	02:35:21 --> 02:35:25	you've tested it, you've seen the benefits of it, and it doesn't have any
1819	02:35:25 --> 02:35:30	comparison. There's nothing close to it, and there's nothing ever going to be
1820	02:35:30 --> 02:35:40	better than that, because this is the market. This is it period. Okay, so it's
1821	02:35:40 --> 02:35:43	a graduated understanding that my son's going to go through, and he knows it's
1822	02:35:43 --> 02:35:49	going to take him some time. And it's not a quick, real fast type thing,
1823	02:35:49 --> 02:35:53	because you can't just jump into, well here by the open or below it, and then
1824	02:35:53 --> 02:35:56	hold for a closed game. How do you get to the point where you trust that that's
1825	02:35:56 --> 02:36:01	even there? You have to have some kind of a logic that has repeated, that built
1826	02:36:01 --> 02:36:05	on your understanding modularly, one piece at a time, okay, one little piece
1827	02:36:05 --> 02:36:08	at a time, and you get more understanding about yourself, how you're
1828	02:36:08 --> 02:36:13	going to endure or fail. And failure is a normal thing initially. Don't be
1829	02:36:13 --> 02:36:18	afraid of that, because when you fail in your observations, you highlight these
1830	02:36:18 --> 02:36:22	little opportunities for you say, Okay, this is exciting because I thought this
1831	02:36:22 --> 02:36:25	is going to work, but now I'm going to find something with more understanding,
1832	02:36:25 --> 02:36:28	and it's going to make this so much clearer, and it's probably going to
1833	02:36:28 --> 02:36:31	unlock something else that I don't even have a question about yet. And it's
1834	02:36:31 --> 02:36:36	going to keep feeding you. It feeds on itself. That's what that's what excited
1835	02:36:36 --> 02:36:40	learning feels like. But if you go in thinking that you're going to fail, and
1836	02:36:40 --> 02:36:43	why bother? And first time I have any kind of adverse adversity, I'm just
1837	02:36:43 --> 02:36:48	gonna drop this shit like it's a hot rock. I'm not the guy for you. I want
1838	02:36:48 --> 02:36:52	people that are gonna be like a pit bull bite down on this pork chop and don't
1839	02:36:52 --> 02:36:56	fucking let go, because I promise you're gonna eat and you're gonna fucking eat
1840	02:36:56 --> 02:37:00	good, real good, better than you ever fucking thought. And you'll be able to
1841	02:37:00 --> 02:37:04	do it any fucking time you want. You want to take a week off of trading,
1842	02:37:04 --> 02:37:07	wonderful. Do it, because when you come back, this shit still going to be
1843	02:37:07 --> 02:37:10	working. You want to take the whole summer off. Wonderful. Do it. When you
1844	02:37:10 --> 02:37:14	come back in the fall, it's still going to be fucking working. But think about
1845	02:37:14 --> 02:37:17	how you think about trading right now, and how your educators tell you, Oh,
1846	02:37:17 --> 02:37:20	man, you got to push your edge. Notice right now the market's really hot. The
1847	02:37:20 --> 02:37:27	market's always fucking hot. It's always hot. It's always moving around. It's
1848	02:37:27 --> 02:37:32	always doing these things every single week. It's moving around. It's always
1849	02:37:32 --> 02:37:35	following time. It's always doing the same thing. It's setting up stupid
1850	02:37:35 --> 02:37:42	people and knocking them out. What's it doing that for liquidity, that's the
1851	02:37:42 --> 02:37:48	lifeblood of the marketplace. It's what makes the markets move around. It's
1852	02:37:48 --> 02:37:54	moving to where orders are resting. And if someone in here that has a vested
1853	02:37:54 --> 02:37:58	interest in pushing price around, just like a casino, they keep people in that
1854	02:37:58 --> 02:38:02	lose, and the ones that lose big, they'll give them free fucking rooms.
1855	02:38:02 --> 02:38:07	You want to see a show, it's good to have you back. We ain't seen you in a
1856	02:38:07 --> 02:38:11	while. You're down the day. Oh, no problem. Don't worry here, here's some
1857	02:38:11 --> 02:38:14	things. Go watch the show. Girls. Go watch the magic that here we're going to
1858	02:38:14 --> 02:38:19	comp your room. Come back. That fucking room costs them nothing. They want you
1859	02:38:19 --> 02:38:23	to come back and spend more money. That's what the market does. They keep
1860	02:38:23 --> 02:38:27	selling that idea. Here's a new indicator, here's a new gimmick, here's
1861	02:38:27 --> 02:38:30	a new methodology of trading, here's a new guru, here's a new twist on old
1862	02:38:30 --> 02:38:35	things. There's always going to be suckers coming in, folks that is not
1863	02:38:35 --> 02:38:40	that's never going to stop happening as people grow older, new people grow
1864	02:38:40 --> 02:38:43	older, and now they're older in an investment age, and they're gonna agree
1865	02:38:43 --> 02:38:46	the same horseshit that probably got you into trading, and they're gonna put
1866	02:38:46 --> 02:38:52	money into it. And that one contract, it's all takes that one contract above
1867	02:38:52 --> 02:38:57	or below old lows, that's liquidity, and they only need one contract to book
1868	02:38:57 --> 02:39:01	price. And if you know where they're trading, no not trading, but training
1869	02:39:01 --> 02:39:05	their eye on taking the market up to a specific level, a la these highs here,
1870	02:39:06 --> 02:39:14	or down to the lows. I love these here. What if they can't hide it? Think about
1871	02:39:14 --> 02:39:18	they cannot ever hide it from you. That should make you feel confident. It
1872	02:39:19 --> 02:39:22	shouldn't give you a sense of overconfidence, but it should give you
1873	02:39:22 --> 02:39:26	confidence that this stuff is in your grasp. It just takes a little bit of
1874	02:39:26 --> 02:39:31	time of you watching it, studying it, take examples, screenshot it, and see
1875	02:39:31 --> 02:39:34	what it did, and you're going to see the things I'm talking about. It repeats
1876	02:39:34 --> 02:39:40	every day. That's why the whole the whole moniker, is every week, every day,
1877	02:39:40 --> 02:39:45	and it won't stop. That's my slogan. That's my little catchphrase. In the
1878	02:39:45 --> 02:39:48	beginning, it's like, oh, well, he's just bragging because he got right. I
1879	02:39:48 --> 02:39:54	get it right every fucking week. Every week, it's the fucking same show. I get
1880	02:39:54 --> 02:39:58	excited and animated because I get to experience it through your eyes, because
1881	02:39:58 --> 02:40:04	I know you've never seen this. Before. You've never seen it like this, where
1882	02:40:04 --> 02:40:08	it's like, I've said I've read this book before. I know the outcome. That's what
1883	02:40:08 --> 02:40:15	it feels like. That's exactly what it feels like. And it's wonderful. It's
1884	02:40:15 --> 02:40:19	encouraging. And then you want to teach it to your children when you know it,
1885	02:40:20 --> 02:40:26	because once they had that skill set, that's it. You're done. You're set. You
1886	02:40:26 --> 02:40:30	can lay your head down and not have to worry about it no more. That's what I
1887	02:40:30 --> 02:40:33	want for all of you. I want it for my son. I want it for his sons and
1888	02:40:33 --> 02:40:38	daughters to choose to have some. But all of you that are listening ease
1889	02:40:38 --> 02:40:42	dropping in. I want it for you too. You can't even imagine what it feels like to
1890	02:40:42 --> 02:40:46	wake up in the morning. Whenever you wake up, not by an alarm clock, just
1891	02:40:46 --> 02:40:50	wake up because your body says it's not beauty, up and do something. And you
1892	02:40:50 --> 02:40:55	decide, do you want to make an annual salary by pushing a couple buttons and
1893	02:40:55 --> 02:40:58	waiting a little bit of time, or you just want to take another day off
1894	02:40:58 --> 02:41:03	because it ain't going to bother you do, you have no idea what that feels like.
1895	02:41:04 --> 02:41:09	You have no idea, but it's all in your grasp by what I'm sharing for free here.
1896	02:41:09 --> 02:41:15	I promise you, if it was complicated and you couldn't do it, and it's going to
1897	02:41:15 --> 02:41:18	require more than what anybody else would be expected to put themselves
1898	02:41:18 --> 02:41:21	through, I would be upfront and say, Look, you're probably not going to do
1899	02:41:21 --> 02:41:24	this. It's going to be hard. Only less than 1% are you going to be able to do
1900	02:41:24 --> 02:41:29	this. I would come out and tell you, I'm blunt about everything. And I would tell
1901	02:41:29 --> 02:41:35	you, this is some hard shit, but it's not. What's hard is starting with a
1902	02:41:35 --> 02:41:41	systematic approach to studying and sticking with it, like a diet or working
1903	02:41:41 --> 02:41:45	out with weights, you're not getting the results right away. You're deferring the
1904	02:41:45 --> 02:41:49	results. You're going to put yourself through this process and defer the
1905	02:41:49 --> 02:41:52	results that you hope that you'll get. You don't know if you're going to get
1906	02:41:52 --> 02:41:55	because you don't know if you're going to stick with it, and most people don't
1907	02:41:55 --> 02:41:58	stick with it. So what do they get? They don't get the results. I'm trying this
1908	02:41:58 --> 02:42:02	diet. I'm trying that diet. I tried this exercise routine. You actually see this
1909	02:42:02 --> 02:42:05	new workout routine. Hey, I'm doing the SO and SO split routine. Everybody's got
1910	02:42:05 --> 02:42:09	something. How about just lift fucking weights and have a caloric deficit? How
1911	02:42:09 --> 02:42:14	about that? It's simple. Well, I just did that same thing with trading. All
1912	02:42:14 --> 02:42:17	you're doing is looking at specific element of time. Start watching at
1913	02:42:17 --> 02:42:22	seven, five up to nine o'clock, regardless if you start seven, eight or
1914	02:42:22 --> 02:42:27	nine, you're waiting. You're waiting for information to be delivered to you in
1915	02:42:27 --> 02:42:30	the form of relative equal highs, relative equal lows, and what side of
1916	02:42:30 --> 02:42:39	the marketplace are they taking first? That's the trap. That is the gimmick.
1917	02:42:39 --> 02:42:46	That's the snare. That's the Judas swing doing its job, leaving the dumbasses the
1918	02:42:46 --> 02:42:49	sheep that just going to follow the herd. What's the herd? Whatever the
1919	02:42:49 --> 02:42:53	market's doing right now. If it's been going up, they're going to buy it. If
1920	02:42:53 --> 02:42:57	it's going down, they're going to sell short. That's what a retail minded
1921	02:42:57 --> 02:43:01	trader does. That's what they do. They key up on okay, this is what's happening
1922	02:43:01 --> 02:43:04	right now. What's the easiest thing to do? I need to push a button. I need you
1923	02:43:04 --> 02:43:06	some Fuck it. Stop it. I'm gonna so short.
1924	02:43:10 --> 02:43:16	And sometimes, sometimes it moves continuously for them, and they
1925	02:43:16 --> 02:43:22	attribute that as skill, and it's not. They're rewarding poor decision making
1926	02:43:22 --> 02:43:31	and gambling. And that's exactly what I did in 1992 and I attribute it as I'm
1927	02:43:31 --> 02:43:35	better than I thought. It was shit. This was easy, and a couple months went by,
1928	02:43:35 --> 02:43:43	yeah, I got all this shit figured out. No, no, it wasn't like that at all. Then
1929	02:43:43 --> 02:43:46	the market started dropping, having retracements, and I didn't have to go
1930	02:43:46 --> 02:43:49	short, and I was buying it. And every time I went lower, I bought, bought. Add
1931	02:43:49 --> 02:43:54	more to it. Yeah, I better not. Better not put a stop loss on this one. Let me
1932	02:43:54 --> 02:43:58	just buy one more, because it only has to go up a little bit more, and then I
1933	02:43:58 --> 02:44:03	can get out even see what just happened. I'm not trying to make money. I'm trying
1934	02:44:03 --> 02:44:09	to get back something I lost, that's not profiting, that's getting even. And
1935	02:44:09 --> 02:44:13	getting even is the same thing as revenge. I want to get even. Fuck that.
1936	02:44:14 --> 02:44:18	That's that's toxic. How do you avoid all that stuff by knowing what you're
1937	02:44:18 --> 02:44:21	doing, what you're looking for, and you've been around the block enough
1938	02:44:21 --> 02:44:24	times know that this is what generally is going to happen. That means you're
1939	02:44:24 --> 02:44:29	desensitized to it. That's what these live streams do. They show you over real
1940	02:44:29 --> 02:44:34	price action with somebody that's going to show you 30 years of experience. This
1941	02:44:34 --> 02:44:40	is what I see through my eyes. This is what I see, watch and observe. That's
1942	02:44:40 --> 02:44:44	all, that's all you're going to do. And by watching and observing, Caleb is
1943	02:44:44 --> 02:44:48	going to say, Okay, I see this. I didn't see that that. So he knows now I got to
1944	02:44:48 --> 02:44:53	go in and look at when the market does this or that as a result. And I don't
1945	02:44:53 --> 02:44:57	know what he because I'm I'm not able to read his mind. Obviously he's going to
1946	02:44:57 --> 02:45:00	have his own questions, just like you have a large degree of. Questions, I'm
1947	02:45:00 --> 02:45:04	sure, from a session like today. But I want to go into the 15 second chart,
1948	02:45:04 --> 02:45:07	because I said we were going to do that. But I also want to refer back to this
1949	02:45:07 --> 02:45:13	little area here. So when the market was creating this little run, what I was
1950	02:45:13 --> 02:45:16	anticipating is that they were going to take this relative equal high out.
1951	02:45:16 --> 02:45:22	That's what I wanted to see. Okay? And I felt that we were going to work at least
1952	02:45:23 --> 02:45:26	in the lower half of the new week opening gap, which is, this is new week
1953	02:45:26 --> 02:45:33	opening gap low, and this is new week opening gap high, and all of this price
1954	02:45:33 --> 02:45:36	in that, I'm sorry, all this price action here on a one minute chart
1955	02:45:37 --> 02:45:43	doesn't look as clear and obvious as it will when we look at the 15 second
1956	02:45:43 --> 02:45:46	chart. Next thing that's not what I want to do here.
1957	02:45:53 --> 02:45:54	Let's look at
1958	02:46:00 --> 02:46:03	here, if you study the video,
1959	02:46:07 --> 02:46:08	the hell am I doing?
1960	02:46:15 --> 02:46:16	There we go,
1961	02:46:20 --> 02:46:26	right as price creates this price run in here, I've already saw this low, this
1962	02:46:26 --> 02:46:30	high in that low, on a one minute chart, but like I have the charts over here,
1963	02:46:30 --> 02:46:33	like I have a one minute chart over here, which is really redundant, I
1964	02:46:33 --> 02:46:34	should that should be a five,
1965	02:46:36 --> 02:46:38	and this should be a 15,
1966	02:46:41 --> 02:46:48	when I'm watching price action, I'm looking at a higher Time Frame chart,
1967	02:46:49 --> 02:46:53	and if I'm looking at something on a five second chart, a 15 second chart or
1968	02:46:53 --> 02:47:00	32nd chart, anything less than 6060 seconds, so sub one minute, I have to
1969	02:47:00 --> 02:47:05	anchor some logic as to what I'm expected to see on the lower time frame.
1970	02:47:05 --> 02:47:12	So for a 15 second chart, all of this run from here to here is going to look
1971	02:47:12 --> 02:47:16	different. There's going to be some not always, and it's not going to be always
1972	02:47:16 --> 02:47:21	a overlap of the same inefficiencies, the same gaps that would exist on a 15
1973	02:47:21 --> 02:47:25	second chart may or may not exist on your one minute chart. It certainly
1974	02:47:25 --> 02:47:30	isn't going to likely appear on a five minute chart. So the price continuum,
1975	02:47:30 --> 02:47:34	price delivery continuum theory is where we're, where we have something
1976	02:47:34 --> 02:47:40	identified on a higher Time Frame level. And when I say one minute in deference
1977	02:47:40 --> 02:47:44	to a five second chart. One minute is higher time frame. It's not a
1978	02:47:44 --> 02:47:48	significant higher Time Frame because it's only a one minute chart. But if I'm
1979	02:47:48 --> 02:47:53	going to engage price action with the basis of a sub one minute chart, that
1980	02:47:53 --> 02:47:59	means five second, 15 second, 32nd chart, 45 second chart, something to
1981	02:47:59 --> 02:48:06	that effect, I'm leaning on the logic that the one minute chart is subordinate
1982	02:48:06 --> 02:48:12	to something higher than it, which would be the five and the 15. So if you do all
1983	02:48:12 --> 02:48:16	of your study initially with just a 5/5 I'm sorry, 15 minute, five minute and
1984	02:48:16 --> 02:48:21	one minute chart, you will have a solid understanding of price action. It
1985	02:48:21 --> 02:48:25	doesn't mean that you will know when to hold for long term updates or down days.
1986	02:48:25 --> 02:48:29	It doesn't mean that you're gonna hold for the weekly range. It just gives you
1987	02:48:29 --> 02:48:33	opportunity to practice and study where and how price delivers and the
1988	02:48:33 --> 02:48:38	relationship between a 15 minute time frame, how it books price, and then what
1989	02:48:38 --> 02:48:42	it looks like on a five minute chart and how it books price and then a one minute
1990	02:48:42 --> 02:48:46	chart. But when you go down to a 15 second chart, or anything less than a
1991	02:48:46 --> 02:48:50	one minute chart, you're going to see spotty price action that is many times
1992	02:48:50 --> 02:48:56	acceptable in that time frame. But when you start seeing things that agree with,
1993	02:48:57 --> 02:49:01	say a one minute chart here, then it's going to be a matter of,
1994	02:49:03 --> 02:49:08	let me do this. On that chart, I'm
1995	02:49:28 --> 02:49:29	one second I'm
1996	02:50:24 --> 02:50:32	You should be seeing the one minute chart with the opening range gap. It's
1997	02:50:32 --> 02:50:41	shaded here, but it's the portion, the lower half, portion here of the new week
1998	02:50:41 --> 02:50:45	opening gap. So the new week opening gap high, new week opening gap low. If we've
1999	02:50:45 --> 02:50:49	measured that like this, and I'm just going to eyeball it, okay,
2000	02:50:52 --> 02:50:54	to 604. Even
2001	02:50:57 --> 02:51:04	see that right there? That's the lowest quadrant level. Okay, it can trade to
2002	02:51:04 --> 02:51:08	the midpoint. But what's a low hanging, low threshold objective, if you're going
2003	02:51:08 --> 02:51:15	to target something going long, the lower quadrant, right or the low? Okay,
2004	02:51:15 --> 02:51:21	great. So if I think that I'm looking at a marketplace that's trading off of this
2005	02:51:21 --> 02:51:32	breaker, low, lower, low, high. That's not a breaker. That's a breaker to me,
2006	02:51:34 --> 02:51:39	this retracement, every retracement that sees it break to the upside that's a
2007	02:51:39 --> 02:51:44	breaker inside of here, in this range, the up last, up close can but what is
2008	02:51:44 --> 02:51:47	that that's a bullish breaker. We're
2009	02:51:58 --> 02:52:02	trading down into it, and then we have a shift in market structure right there. I
2010	02:52:02 --> 02:52:08	want to see when this gap formed on what on 15 second chart. All these boxes here
2011	02:52:08 --> 02:52:12	are relative to a 15 second chart. You'll see it in a second, but I want
2012	02:52:12 --> 02:52:17	you to look at the logic on a one minute chart shift and market structure on that
2013	02:52:17 --> 02:52:24	candle right there. Then we have a candle close here. So now on this
2014	02:52:24 --> 02:52:32	timeframe, we would have this big paradigm shift about take place for you.
2015	02:52:36 --> 02:52:41	You would see that gap, and this is institutional ortho integer right there,
2016	02:52:41 --> 02:52:44	if you're trading on the one minute chart, because you don't want to see
2017	02:52:44 --> 02:52:51	this gap fill in this smaller gap that's different, different shade of color that
2018	02:52:51 --> 02:52:56	is inside of that gap, because it's a 15 second bicycle balance cell sign in
2019	02:52:56 --> 02:53:05	efficiency that you want to see what stay open stay open. Then you want to
2020	02:53:05 --> 02:53:09	see it displace higher, proving that this is going to stay open. And then we
2021	02:53:09 --> 02:53:15	have what this rejection block is pierced right there. So then on the
2022	02:53:15 --> 02:53:19	lower time frame 15 second chart, we will drop down to that when it trades
2023	02:53:19 --> 02:53:23	into this gap that will be based on a 15 second chart. And it's also, what is it?
2024	02:53:24 --> 02:53:32	What's this on a one minute chart? What is this? That right there? It's a wick.
2025	02:53:33 --> 02:53:38	Half that wick, because it treats like a gap, if we measure that, half of that is
2026	02:53:38 --> 02:53:46	this. So when I'm watching price action, I don't just look at one time frame. I
2027	02:53:46 --> 02:53:53	have a continuum of price from a weekly to a daily to a four hour to three hour,
2028	02:53:53 --> 02:54:03	two hour one hour, 30 minute, 15 minute, five minute, 4321, sub minute on a
2029	02:54:03 --> 02:54:09	matrix chart where it's a lot of the 54321, and submit sub one minute chart
2030	02:54:09 --> 02:54:13	time frames I watch and I'm reading price action like this, because that's
2031	02:54:13 --> 02:54:18	exactly the algorithms doing. It's cycling down and then going right back
2032	02:54:18 --> 02:54:22	up, cycling down and right back up through the time frames. So if I know
2033	02:54:22 --> 02:54:26	I'm an area where the woman is in a buy program, if it's going to go up, where's
2034	02:54:26 --> 02:54:30	it going to go to? New week opening gap low, because it's going to gravitate
2035	02:54:30 --> 02:54:33	towards these new week opening gaps. It's this week's new week opening gap.
2036	02:54:33 --> 02:54:39	It's a it's a highly influential price action. It's like a price it's a PDR, in
2037	02:54:39 --> 02:54:43	price action. It's like a black hole. It's not going to escape it. It's going
2038	02:54:43 --> 02:54:47	to draw it back in. Well, we're down here waiting for it to prove they wants
2039	02:54:47 --> 02:54:51	to go up. Wonderful. I don't need to be a buyer down here when it's sloppy and
2040	02:54:51 --> 02:54:55	who the hell knows what's going to do. I don't need to buy this institutional
2041	02:54:55 --> 02:54:58	order flow integer on the one minute chart. I want something that is in line
2042	02:54:58 --> 02:55:03	after it's a. Curb. It's done this movement here, and then I have this wick
2043	02:55:03 --> 02:55:07	on the one minute chart. That means that when we opened up here and create that
2044	02:55:07 --> 02:55:14	that separation. Let me take this off for a second, that separation between
2045	02:55:14 --> 02:55:19	that wicks high and that candles close, wonderful. The next candle we open up
2046	02:55:19 --> 02:55:25	here and does what it trades down. There is no gap right here on the one minute
2047	02:55:25 --> 02:55:29	chart, but there is a consequent encroachment midpoint of that gap on
2048	02:55:29 --> 02:55:34	that wick, because wicks are gaps. That's the logic I teach you to have. So
2049	02:55:34 --> 02:55:38	when we see it drop down like this in the recording I put on YouTube, you can
2050	02:55:38 --> 02:55:43	see I executed a market order. As it went into that, I hit it, market
2051	02:55:45 --> 02:55:50	rallied, and then I shared this imbalance here, trades into that, and
2052	02:55:50 --> 02:55:56	then delivers up into the new week, opening gap. Because I'm trading pre
2053	02:55:56 --> 02:56:03	session, that means even before seven o'clock, I'm using the logic of relative
2054	02:56:03 --> 02:56:10	equal highs over here. So now watch what occurs in price. Are these? Are these
2055	02:56:10 --> 02:56:15	relative equal highs hiding from you? Were they in your chart too? Of course,
2056	02:56:15 --> 02:56:18	they were. Were you watching chart at the time? Maybe, maybe not. I don't
2057	02:56:18 --> 02:56:23	know, but I know that there's liquidity up there in this list. In this 2024
2058	02:56:24 --> 02:56:30	mentorship, I taught you to validate a relative equal high. It is a high that
2059	02:56:30 --> 02:56:37	has a slightly lower high to the right of it. That's it. That's a valid
2060	02:56:37 --> 02:56:40	relative equal high. That is where your liquidity is most likely going to be
2061	02:56:40 --> 02:56:46	tapped. Can it run relative equal highs that have a slightly higher high than
2062	02:56:46 --> 02:56:52	that one? Sure can. The key is, this is the part where you write down shit, if
2063	02:56:52 --> 02:56:56	you watch that one that has the higher high, if it makes the higher high with
2064	02:56:56 --> 02:57:01	the wick. But the bodies are still selling showing this this body close is
2065	02:57:01 --> 02:57:05	slightly lower than that one. If the one that you think is a relative equal high,
2066	02:57:05 --> 02:57:09	if it wicks above it, but the body still stays below than the one to the left
2067	02:57:09 --> 02:57:13	that's still a valid relative equal high, and it'll go into the wick. You're
2068	02:57:13 --> 02:57:18	just going to be met with the challenge of you need to see it trade above and
2069	02:57:18 --> 02:57:22	close and show speed and magnitude above. If it has a width, it's
2070	02:57:22 --> 02:57:27	consequent encroachment. Okay, remember, we were looking at when price was diving
2071	02:57:27 --> 02:57:31	down today, below its initial low after 930 is opening. I said, What's the
2072	02:57:31 --> 02:57:36	wicks? That's why you need to see. Does it want to indicate that it wants to go
2073	02:57:36 --> 02:57:39	through that? If it does, then you probably part of a more meaningful run.
2074	02:57:39 --> 02:57:45	Or if it does that, give it a chance to reverse and get back above it, which is
2075	02:57:45 --> 02:57:48	what we outlined this morning, and then trade to the opening range gap again and
2076	02:57:48 --> 02:57:51	to write to the buy side liquidity I outlined at the very beginning of the
2077	02:57:52 --> 02:57:57	stream. See how this stuff goes together. It's logic that will repeat
2078	02:57:57 --> 02:58:04	for you, but until you see it and expose yourself to it via livestream, watching
2079	02:58:04 --> 02:58:07	over real time price action, because if I don't know what I'm talking about,
2080	02:58:07 --> 02:58:12	you're gonna see it. It will fail miserably, that things won't be there.
2081	02:58:12 --> 02:58:16	Are you seeing that? Or are you seeing shit that just does not make sense
2082	02:58:16 --> 02:58:21	otherwise, but works? Yeah, it's like technical science. So this is the draw
2083	02:58:21 --> 02:58:22	on liquidity. Are
2084	02:58:30 --> 02:58:32	you having fun? I'm having fun.
2085	02:58:36 --> 02:58:40	I see your buy stops are here. So that's where your buy side liquidity is. This
2086	02:58:40 --> 02:58:45	is the entry I'll show you that in a minute, it rallies, creates an imbalance
2087	02:58:45 --> 02:58:49	here. Notice that this imbalance doesn't even match on the one minute chart, but
2088	02:58:49 --> 02:58:57	we're watching on the lower time frames. But again, what is here? When price goes
2089	02:58:57 --> 02:59:01	above it did we just disregard this? Well, if you're watching anything else
2090	02:59:01 --> 02:59:10	but ICP, that's exactly what you do. No, we don't do that. We take and you
2091	02:59:10 --> 02:59:13	measure it when the timeframe it exists. So there is what consequent
2092	02:59:13 --> 02:59:19	encroachment? Do these candles touch that consequent encroachment? No. So
2093	02:59:19 --> 02:59:23	while I'm watching price action. I may be showing you the execution being
2094	02:59:23 --> 02:59:28	recorded on that one specific time frame. What am I not showing you? It's
2095	02:59:28 --> 02:59:32	my observations through the price delivery continuum. It's watching higher
2096	02:59:32 --> 02:59:37	time frames down the lower time frames. And I'm weighing out, do my PD arrays
2097	02:59:37 --> 02:59:42	keep price from dropping, or if I'm expecting this consequent encroachment
2098	02:59:42 --> 02:59:47	to trade to which is reasonable, it's consequential. It's consequential to you
2099	02:59:47 --> 02:59:51	holding onto the trade so it can encroach into the mid part of that wick.
2100	02:59:51 --> 02:59:55	Hence the name consequent encroachment. So if I'm looking at it and it doesn't
2101	02:59:55 --> 02:59:59	touch the midpoint of that, if I'm bullish, and if I'm in a long trade,
2102	02:59:59 --> 03:00:04	does that. Bolster my confidence, or does it chip away at my confidence about
2103	03:00:04 --> 03:00:09	holding the trade if it fails to touch that midpoint? Is that a good thing, or
2104	03:00:09 --> 03:00:13	is it a bad thing for my trade? If I'm long, I'm trying to make a game by
2105	03:00:13 --> 03:00:18	having prices move higher. It's fucking wonderfully delicious. That's exactly
2106	03:00:18 --> 03:00:23	what I want to see happen. But you aren't taught that in anything else.
2107	03:00:23 --> 03:00:28	This is real order, flow. I didn't have to show you a market profile, volume. I
2108	03:00:28 --> 03:00:33	didn't have to show you depth of market. A ladder, no v wop. Fuck all the Mickey
2109	03:00:33 --> 03:00:37	Mouse bullshit. You're literally seeing everything in Open, High, lows, close
2110	03:00:37 --> 03:00:43	bars, okay, everything is in price, everything. They're never, ever, ever,
2111	03:00:43 --> 03:00:47	ever, ever, gonna be able to hide it from you. It's never gonna be hidden
2112	03:00:47 --> 03:00:50	from you. They cannot fucking hide it from you. Stop worrying about it. It's
2113	03:00:50 --> 03:00:54	gonna not work, because I'm gonna start doing it's gonna stop working. I'm gonna
2114	03:00:54 --> 03:00:58	change the algorithm. I'm not changing shit. What part of this, don't you
2115	03:00:58 --> 03:01:05	understand? It's gonna keep fucking working. Man, come on. But you're
2116	03:01:05 --> 03:01:09	watching time frames that are higher down to the lower time frames. You're
2117	03:01:09 --> 03:01:12	gonna see things on the lower time frames that you won't see on the higher
2118	03:01:12 --> 03:01:17	Time Frame, for instance, the 15 second chart. But I'm managing, I'm managing
2119	03:01:17 --> 03:01:23	the expectation of what the five minutes doing, with the 15 minutes doing, and
2120	03:01:23 --> 03:01:27	how many things are forming on that 15 minute chart. It's not forming like on a
2121	03:01:27 --> 03:01:32	15 second chart, and it's behind you after it forms. That means the price is
2122	03:01:32 --> 03:01:35	advanced. If you're on the right side, you're moving further away from that
2123	03:01:35 --> 03:01:39	thing that occurred on the 15 minute time frame. For instance, say this, say
2124	03:01:39 --> 03:01:44	this gap down here was based on a 15 minute time frame, and we're trading
2125	03:01:44 --> 03:01:48	here. Is this all the influential in terms of watching price action at that
2126	03:01:48 --> 03:01:54	moment? There no so as I move away from the higher Time Frame PD arrays, that's
2127	03:01:54 --> 03:01:57	supporting my confidence that the trade's panning out, I don't need to
2128	03:01:57 --> 03:02:01	worry about the 15 second anymore. My focus drops down to the five. And as
2129	03:02:01 --> 03:02:04	long as I'm moving away from the PB arrays that swarm on the five minute
2130	03:02:04 --> 03:02:06	chart, then that's wonderful. That's exactly what I see happen. But I'm
2131	03:02:06 --> 03:02:10	watching that one minute chart, and then same thing, because one minute is going
2132	03:02:10 --> 03:02:13	to be closest to anything less than a one minute chart. So the PB arrays that
2133	03:02:13 --> 03:02:17	form on the one minute chart, if I'm working with a 15 second, 32nd 45
2134	03:02:17 --> 03:02:22	second, or five second chart, I am very, very hawkish over the one minute chart,
2135	03:02:22 --> 03:02:28	I'm watching every PD array. This is an example. So if I have a wick here, the
2136	03:02:28 --> 03:02:32	midpoint of that wick, I'm watching as his feelings. I could see it touch that,
2137	03:02:32 --> 03:02:36	but I don't want to see it, touch it. When's the last time you were in a
2138	03:02:36 --> 03:02:42	trade? And you know what you're looking for, for support or resistance? And your
2139	03:02:42 --> 03:02:46	thing about it goes in the face of trading support, resistance. You want to
2140	03:02:46 --> 03:02:50	see price, find support at support, right? I want to see it come down, touch
2141	03:02:50 --> 03:02:54	this and and, and push price higher. Well, that very there's flawed logic,
2142	03:02:54 --> 03:02:58	because support was ain't pushing shit, but the narrative that causes you to
2143	03:02:58 --> 03:03:03	lose money and put false hope in something, it doesn't work. I want to
2144	03:03:03 --> 03:03:08	see a level that could support but not touch it. That right? There is a whole
2145	03:03:08 --> 03:03:13	paradigm shift. If something is reasonable to assume that this is likely
2146	03:03:13 --> 03:03:18	to happen in price, but it can't even do it. It tells you, without a shadow of
2147	03:03:18 --> 03:03:23	doubt, it's immediate feedback. This motherfucker is going up or going down
2148	03:03:23 --> 03:03:26	in deference if it can't trade up to a level that you thought it could be, if
2149	03:03:27 --> 03:03:32	it could be touched, think about it. Never thought about like that. Have you
2150	03:03:32 --> 03:03:36	right? Because I take everything and turn it upside down, and when you do
2151	03:03:36 --> 03:03:40	that with trading, it works. If you do what everybody else does, you're gonna
2152	03:03:40 --> 03:03:44	get the same results. 90% of people lose money. 90 people fucking blow their
2153	03:03:44 --> 03:03:48	accounts out. 90% of people can't be profit long term. They don't see what
2154	03:03:48 --> 03:03:51	price is gonna do. They can't trade. They can't do this candy. They don't win
2155	03:03:51 --> 03:03:53	to buy. They don't want to sell. You can't time the market. That's what they
2156	03:03:53 --> 03:03:56	tell you. You can't time the market. What the fuck am I doing here? I'm
2157	03:03:56 --> 03:04:00	literally telling you in advance what it's gonna do on a one minute candle on
2158	03:04:00 --> 03:04:07	a 15 second candle. Why it should do it? You have a choice. You either believe
2159	03:04:07 --> 03:04:11	the god is standing here telling you and proving it to you and charging nothing
2160	03:04:11 --> 03:04:16	for it, or you believe everybody else. What are you going to do? Do you have a
2161	03:04:16 --> 03:04:20	choice now? What direction are you going to walk forward with? You going to
2162	03:04:20 --> 03:04:24	believe the guy that's proven it to you and saying all you have to do is keep
2163	03:04:24 --> 03:04:28	taking lessons, and you're going to learn more as you go. And it costs
2164	03:04:28 --> 03:04:32	nothing out of your pocket. You're going to grow, and you eventually will make
2165	03:04:32 --> 03:04:36	more than you've ever fucking needed in your job ever. And what you do beyond
2166	03:04:36 --> 03:04:40	that is up to you, or you want to listen to everybody else's opinion. I don't
2167	03:04:40 --> 03:04:43	know you tell me which one's the best watcher decision, but that right there
2168	03:04:43 --> 03:04:47	sets up the tone for it to run higher. How high can it run? Well, the draw is
2169	03:04:48 --> 03:04:52	the new week opening gap low, right? No, because that's equivalent to and below
2170	03:04:52 --> 03:04:56	the relative equal highs. It's over here where the stops are. This is where real
2171	03:04:56 --> 03:05:00	orders are. Anyone that's been short, they have stop orders, right? Here. How
2172	03:05:00 --> 03:05:03	do you protect a shortstop, I'm sorry, a short position, you put a buy stop on
2173	03:05:03 --> 03:05:06	it. So if it goes up to that level, you want to be out, because it could keep
2174	03:05:06 --> 03:05:11	going higher. You don't want to hold on to unlimited risk, right? So above highs
2175	03:05:11 --> 03:05:15	or a singular high after markets dropped, you don't need a book map to
2176	03:05:15 --> 03:05:20	tell you that there's buy stops above that, you don't need that. Do you need
2177	03:05:20 --> 03:05:24	it in the beginning to help convey and teach you conceptually, I believe, at
2178	03:05:24 --> 03:05:30	the time when I first started, if a if there was a way to I could see real
2179	03:05:30 --> 03:05:36	orders that would have helped me understand why the market could gyrate
2180	03:05:36 --> 03:05:41	to a specific level, but not to everything, any the perfect excuse of
2181	03:05:41 --> 03:05:45	saying why it's not always the be all, end all, panacea that people say it is.
2182	03:05:45 --> 03:05:49	Just look at the live streamers that use it. Why aren't they talking about the
2183	03:05:49 --> 03:05:54	very levels that call the high enemy term, high and low in a day? They're not
2184	03:05:55 --> 03:05:58	because they don't know how to read it. It might be telling you that that
2185	03:05:58 --> 03:06:02	there's this number of trades sitting here in a pending order. But that number
2186	03:06:02 --> 03:06:06	of trades pending above an old high or relative equal highs, or below a low or
2187	03:06:06 --> 03:06:13	below relative equal lows, doesn't mean it's going to turn the market. It
2188	03:06:13 --> 03:06:16	doesn't mean anything except for that's where the orders are. So if that's all
2189	03:06:16 --> 03:06:18	you're going to get from it, I've already taught you how to read price
2190	03:06:18 --> 03:06:23	action, where you don't need any extra gimmick. Everything is in the chart.
2191	03:06:23 --> 03:06:28	Everything is in the chart. As long as you have real time data. You have every
2192	03:06:28 --> 03:06:33	weapon that's available to you that's required to do well. So you can't use
2193	03:06:33 --> 03:06:37	the new week opening gap low, which is that big, bold line here from this week,
2194	03:06:37 --> 03:06:44	Sunday's opening. You can't use that one because the the barrier to getting to
2195	03:06:44 --> 03:06:49	the liquidity is above that here, by that candle sticks high, so right away
2196	03:06:49 --> 03:06:53	we're met with this is the initial interest. Can it trade there? And then,
2197	03:06:54 --> 03:06:57	if you start doing calculations, which you don't see me doing, but I'm showing
2198	03:06:57 --> 03:07:01	you why I did it, and you're going to see right away, this is exactly what I
2199	03:07:01 --> 03:07:06	was doing on my other chart, because I have monitors in front of me. And you
2200	03:07:06 --> 03:07:10	can see that if you go on my YouTube shorts, you'll see my my trading, uh,
2201	03:07:11 --> 03:07:17	layout. I have 12 monitors. I have a 13th monitor that I don't have actually
2202	03:07:17 --> 03:07:20	hung up. And I was telling my kids the other day, I gotta get this thing hung
2203	03:07:20 --> 03:07:25	up. It's a larger screen, but you need all that stuff now. And I probably
2204	03:07:25 --> 03:07:28	shouldn't have said it that way, because it sounds like, Oh man, I'm not gonna be
2205	03:07:28 --> 03:07:31	able to trade like this or have this information unless that you don't need
2206	03:07:31 --> 03:07:36	that. You can do it with a three panel layout like I first started. But I had
2207	03:07:36 --> 03:07:40	to preface this part of discussion with the with the disclaimer, again, because
2208	03:07:41 --> 03:07:46	I don't want you believing just because I said it. I want you to investigate it
2209	03:07:46 --> 03:07:51	yourself. See it, if it's there, if it's not like anything else. Okay, for the
2210	03:07:51 --> 03:07:55	people that go through it and start trying to study it this way, it's going
2211	03:07:55 --> 03:07:58	to unlock a perception of price actions you've never seen before. Everybody has
2212	03:07:58 --> 03:08:02	a 15 minute time frame. Everybody has a five minute, everybody has a one minute,
2213	03:08:02 --> 03:08:07	but they how they manage it, the continuum of how price is delivered
2214	03:08:07 --> 03:08:11	through that, that mechanism of higher Time Frame, down the lower time frame
2215	03:08:11 --> 03:08:15	and then back up, not just one side. It's got to go back both ways. And
2216	03:08:15 --> 03:08:18	you're constantly weighing out what feedback you're getting with the PD
2217	03:08:18 --> 03:08:23	arrays I teach. And when you can see the price action doing these elements and
2218	03:08:23 --> 03:08:27	how it supports price continuously moving, it's about it's not being
2219	03:08:27 --> 03:08:31	negated. It's not eating into levels that would otherwise be problematic.
2220	03:08:31 --> 03:08:35	Everything's supporting each other, but it's not support resistance. It's not
2221	03:08:35 --> 03:08:39	supply and demand. It's literally looking at how price refers to liquidity
2222	03:08:39 --> 03:08:44	and inefficiency in the spectrum of moving in a predetermined level above
2223	03:08:44 --> 03:08:48	these relative equal highs. Okay, but now how far the question is always this,
2224	03:08:48 --> 03:08:52	where is price drawing to? Well, where's the relative equal highs and relative
2225	03:08:52 --> 03:08:57	equal lows? Once you determine that, how far beyond them can it reach? Well, what
2226	03:08:58 --> 03:09:02	end dog or new week opening gap is existing beyond them, because that's
2227	03:09:02 --> 03:09:09	where it's going to gravitate to. So we have the the buy side here, these
2228	03:09:09 --> 03:09:13	relative equal highs at the butt end and into the lower quadrant of the new week
2229	03:09:13 --> 03:09:18	opening gap, which is defined by that high here, this line, in this line, if
2230	03:09:18 --> 03:09:20	you watch the beginning of the recording, I'll show you where these
2231	03:09:20 --> 03:09:24	levels are anchored to it's Sunday and month Sunday and Mondays. I'm sorry,
2232	03:09:25 --> 03:09:30	Sunday's opening tick at 6pm and where Friday's settlement price was, and the
2233	03:09:30 --> 03:09:34	difference between it whichever is higher, that makes that the new week
2234	03:09:34 --> 03:09:38	opening got high. Whichever is lower, last Friday's settlement price or
2235	03:09:38 --> 03:09:42	Sunday's opening price is obviously the low, okay, so that's how you define it,
2236	03:09:43 --> 03:09:49	but the midpoint of it is here. That would be consequence encroachment. But
2237	03:09:49 --> 03:09:53	because I want to have the lowest threshold exit, I want to show my
2238	03:09:53 --> 03:09:56	students how to do that. I want to show my son how to do that. Yeah, it could
2239	03:09:56 --> 03:10:03	trade there, but what's before that? Uh, the lower quadrant level, right there.
2240	03:10:03 --> 03:10:10	So to get this, this price is going to have to book what 19,006 10.50 or
2241	03:10:10 --> 03:10:16	slightly higher, right, right, of course. So if that's the case, we're
2242	03:10:16 --> 03:10:22	going to have these levels here. And just know that that line, once we get
2243	03:10:22 --> 03:10:29	above the blue line, which is the bio to here, if we have that on our chart, we
2244	03:10:29 --> 03:10:36	can do this. We can look at a 15 second chart here. All of the things that are
2245	03:10:36 --> 03:10:45	over here on this chart right here are being shown to you on a one minute
2246	03:10:45 --> 03:10:51	chart, and I'm watching on a 15 second chart now. 15 second chart. Your first
2247	03:10:51 --> 03:10:56	time seeing it, you're going to think, wow, it's too fast. I can't use that
2248	03:10:56 --> 03:11:01	time frame. It's too fast. It's not moving any faster than what that one
2249	03:11:01 --> 03:11:06	minute and then 15 minute time frame the hourly chart, the daily chart, if you're
2250	03:11:06 --> 03:11:12	watching ticking price on a 15 second chart, have a daily candle chart right
2251	03:11:12 --> 03:11:17	next to it, and you'll see it's not moving any faster. But because you're
2252	03:11:17 --> 03:11:21	looking at the candlesticks forming closing, create another one open,
2253	03:11:21 --> 03:11:26	forming closing. It feels fast, but when you anchor it to a higher time frame
2254	03:11:26 --> 03:11:29	reference point, like, for instance, the one minute chart. The one minute chart
2255	03:11:29 --> 03:11:36	is my guide on what I'm doing for a 45 second chart, a 32nd chart, a 15 second
2256	03:11:36 --> 03:11:40	chart and a five second chart, I've executed, and you've seen me do this
2257	03:11:40 --> 03:11:43	with a five second chart, and it has the same measure of precision that I show on
2258	03:11:43 --> 03:11:49	any other time frame. So if, well, if I'm looking on a one minute chart like
2259	03:11:49 --> 03:11:56	this, and I'm expecting price to gravitate up to that 19,006 10.25 level,
2260	03:11:56 --> 03:12:00	which is right here as well on the 15 second chart, it could trade up to the
2261	03:12:00 --> 03:12:06	halfway point of the new week, opening gap, which is here, over here, okay, but
2262	03:12:06 --> 03:12:11	I want to be able to teach my son how to get very easy objectives where it's not
2263	03:12:11 --> 03:12:15	hard work. It's more likely to fill this one than try to reach for something
2264	03:12:15 --> 03:12:20	that's really high and lofty. Because I've been in a pursuit of perfection my
2265	03:12:20 --> 03:12:24	entire career. And every time I demand perfection while I'm moving in the
2266	03:12:24 --> 03:12:29	direction, right direction, because of the aspect of the limit order, meeting
2267	03:12:29 --> 03:12:35	the spread in that agreement before I get my fill, sometimes I don't get my
2268	03:12:35 --> 03:12:38	exit even though the price can book there. And I've shown this in live
2269	03:12:38 --> 03:12:42	streams. I've shown it in live examples. I've shown it with live accounts. I've
2270	03:12:42 --> 03:12:46	done it and it trades the price. I've called it trades to the limit order
2271	03:12:46 --> 03:12:52	price that should have booked, but it doesn't. It doesn't trip me in that. I
2272	03:12:52 --> 03:12:55	take that as a little aggravating, but it's also a pat on the back for saying,
2273	03:12:55 --> 03:12:59	You know what, you're a fucking animal ICT, because literally, you called the
2274	03:12:59 --> 03:13:02	very turning point. And they were being dicks on the way out the door, they
2275	03:13:02 --> 03:13:05	said, No, you can't have it, you motherfucker, you're taking everything
2276	03:13:05 --> 03:13:11	from us. We can't let you have it. Don't take the last piece of pie. So I've
2277	03:13:11 --> 03:13:16	afforded myself a strategy that says, Yes, I can see where the best turning
2278	03:13:16 --> 03:13:20	points are likely to form, but on a steady diet, I need to know where the
2279	03:13:20 --> 03:13:25	easiest barriers to profitable exits are going to be, for me, which is the
2280	03:13:25 --> 03:13:29	easiest thing to get to? Well, it can't be the low, because that's where the
2281	03:13:29 --> 03:13:33	actual relative equal highs are, then where the buy side is, and it's just
2282	03:13:33 --> 03:13:38	slightly above that. So that's that blue line, remember. And then above that, we
2283	03:13:38 --> 03:13:41	have the lower quadrant of the new week opening gap. And then then we have the
2284	03:13:41 --> 03:13:47	midpoint of it. So this level here is the easiest threshold to exit
2285	03:13:47 --> 03:13:52	profitably, even if I can't get the midpoint of the new week opening gap. So
2286	03:13:52 --> 03:13:56	you see how I'm measuring with logic that it could go to a specific level
2287	03:13:56 --> 03:14:00	that I can forecast. I can see it, and I can feel good in my journal and say I
2288	03:14:00 --> 03:14:04	felt really strong about the consequent crochet of that level being traded to.
2289	03:14:04 --> 03:14:09	But rules state that to have a low barrier to exit profitably. State that
2290	03:14:09 --> 03:14:12	what's, what's the threshold prior to that? Well, it would be the lower
2291	03:14:12 --> 03:14:17	quadrant of the new week opening gap, and then as price created this level
2292	03:14:17 --> 03:14:22	here, that's green. I'm looking for that to be a breakaway. And it acted as such.
2293	03:14:22 --> 03:14:26	It didn't even trade back down into it. And then we had this gap here, from
2294	03:14:26 --> 03:14:29	where we close here, we opened on that candlestick right there. And there's an
2295	03:14:29 --> 03:14:35	actual gap with an order block. This is a strong PD array, if you ever have an
2296	03:14:35 --> 03:14:43	actual gap where there's no no wicks, and you see it after a down closed
2297	03:14:43 --> 03:14:47	candle, and you're bullish as soon as it trades down into that, that's a buy, and
2298	03:14:47 --> 03:14:53	that's why I bought it. But it's the gap. Even if that order block wasn't
2299	03:14:53 --> 03:14:57	there, this, this would have been a fair value, and that's what's highlighted
2300	03:14:57 --> 03:15:02	there in blue. So it's for student. That know more than you generally do. As a
2301	03:15:02 --> 03:15:05	new student watching me on YouTube, I've had students for a number of years
2302	03:15:05 --> 03:15:10	following me, and they have a little bit advantage of having been with me longer,
2303	03:15:10 --> 03:15:13	and they know a little bit more about what it is I teach, but most of it's
2304	03:15:13 --> 03:15:16	actually on this YouTube channel. So don't look at them and say, Well, I wish
2305	03:15:16 --> 03:15:20	I would have been just watch the fucking videos. They're here for free. But as it
2306	03:15:20 --> 03:15:24	slammed into that, I went long and turned out to market. You watched it in
2307	03:15:24 --> 03:15:31	the recording, and then we rallied up in this area, right here, right there.
2308	03:15:31 --> 03:15:36	That's this wick. That's what's being measured on one minute chart. I'm
2309	03:15:36 --> 03:15:41	watching as prices going up. I'm watching the 15 second destroy the
2310	03:15:41 --> 03:15:45	midpoint of that right there, which is exactly what I want to see. And then
2311	03:15:45 --> 03:15:48	when we start to come back down in I don't want to see it touched. Does it
2312	03:15:48 --> 03:15:53	touch it there? No, oh no, oh no, oh no. I want to see it come down and not touch
2313	03:15:53 --> 03:15:58	it. Does it touch it? No. Then it starts to rally up. Wonderful institutional
2314	03:15:58 --> 03:16:02	order for entry drill. Why? Because we have proof that it doesn't want to go to
2315	03:16:02 --> 03:16:05	them. Consequent pressure here based on a one minute chart. See what I'm doing.
2316	03:16:06 --> 03:16:09	I'm measuring the strength and the magnitude that's still possible in the
2317	03:16:09 --> 03:16:14	delivery of the price, but I'm measuring the underlying strength and seeing, does
2318	03:16:14 --> 03:16:19	this really prove that I'm on the right side? And is the market breadth in a
2319	03:16:19 --> 03:16:23	visual representation that can never hide it from you. Is it supporting
2320	03:16:23 --> 03:16:28	higher prices? Yes, because if it was weak and touched this level here, then
2321	03:16:28 --> 03:16:31	it's probably going to have a deeper retracement only. I don't want to see
2322	03:16:31 --> 03:16:35	that. I want to be a part of a trade. I want to hold on to a trade. I want to
2323	03:16:35 --> 03:16:39	fucking add to trades that show me all these types of signatures that tell me,
2324	03:16:39 --> 03:16:43	No, I can't even get down there for you. ICT, yeah, this is your shit, but I
2325	03:16:43 --> 03:16:48	can't even get down there for you. I can't even get down okay, that means
2326	03:16:48 --> 03:16:52	you're getting ready to go up for me, and I'm already on side, so I'm gonna be
2327	03:16:52 --> 03:16:56	comfortable. I'm gonna be wonderful, and then I'm gonna make my target better.
2328	03:16:56 --> 03:17:01	When it was just above that blue line. Watch the recording. I raise it up to
2329	03:17:01 --> 03:17:04	some random level you can't see otherwise, but it's the lower quadrant.
2330	03:17:16 --> 03:17:19	There's the buy. Has it happened in real time? Look at the look at the little
2331	03:17:19 --> 03:17:29	carrot that appears right at the order block. You see that beautiful, isn't it?
2332	03:17:29 --> 03:17:33	That's the entry. Could you improve on that? ICT? I probably could have buy a
2333	03:17:33 --> 03:17:37	tick. That's the best I probably could have improved on because I was dealing
2334	03:17:37 --> 03:17:42	with a market limit order. I probably could have done consequent encroachment,
2335	03:17:42 --> 03:17:48	but risk maybe not getting filled. But that is fucking poetry. Like, that's
2336	03:17:48 --> 03:17:53	beautiful. Like, that's beautiful. The market rallies up, comes back down.
2337	03:17:53 --> 03:17:56	Doesn't give me consequent encroachment test there, folks, this is, this is
2338	03:17:56 --> 03:18:01	fucking beyond charter level. Charter level members never learned this shit.
2339	03:18:01 --> 03:18:05	They never were gonna get these lessons. They never, ever, ever, ever would have
2340	03:18:05 --> 03:18:10	gotten this lesson, ever. They never would have gotten it. They never would
2341	03:18:10 --> 03:18:14	have learned this. This never been taught anywhere else before. It's never
2342	03:18:14 --> 03:18:18	intended to be in the public size. It never was supposed to be in your hands
2343	03:18:19 --> 03:18:23	and you're watching this stuff, you might be thinking, this is complicated,
2344	03:18:23 --> 03:18:29	this is dumb. I don't get this. The logic was used. They take the trade,
2345	03:18:30 --> 03:18:35	then you hear me bloviate about the same stuff every single time we're in front
2346	03:18:35 --> 03:18:37	of live streams. This is what you're looking for. You're watching this,
2347	03:18:37 --> 03:18:40	Caleb, you're looking for this. And you're gonna see this shit. This piece
2348	03:18:40 --> 03:18:43	happened over and over again, and it might seem alien to you. It might seem
2349	03:18:43 --> 03:18:48	complex to you right now, but you're going to see it doesn't get complex. It
2350	03:18:48 --> 03:18:51	gets easier because you keep seeing me say the same things about the same
2351	03:18:51 --> 03:18:56	stuff. All you have to do is know where the price is going to move. Where's it
2352	03:18:56 --> 03:19:00	going to draw relative equal highs, okay? How far past the relative equal
2353	03:19:00 --> 03:19:03	highs? Well, is there a new day of winning gap, or is there a new week
2354	03:19:03 --> 03:19:07	opening gap just above it? Where is it? Close proximity. Use that one if the
2355	03:19:07 --> 03:19:12	range permits it. Break that range or inefficiency into quadrants. Lowest
2356	03:19:13 --> 03:19:18	quadrant, right here. What's that price? Right there? 19,006 10.25 to get that
2357	03:19:18 --> 03:19:25	price, you got to book what one tick above it, bam. Look real close right
2358	03:19:25 --> 03:19:29	here. You'll see the little arrow where I get out of bam, right there. That's
2359	03:19:29 --> 03:19:33	the logic, folks. So am I making this shit up as I go along and just happens
2360	03:19:33 --> 03:19:36	to fucking line up to the things I'm teaching? That's the that's the other
2361	03:19:36 --> 03:19:39	shit I get my comment section. Oh, this is after the fact. He's just trying to
2362	03:19:39 --> 03:19:43	make it fit. He's just cherry picking. Are you in your fucking mind? Here's
2363	03:19:43 --> 03:19:48	what I'm doing. I'm cherry picking everything that fucking works live right
2364	03:19:48 --> 03:19:53	in front of you. How about that one? Yeah, of course I'm fucking cherry
2365	03:19:53 --> 03:19:57	picking. I know what stare value got by one. That's the one I want, the one I
2366	03:19:57 --> 03:20:00	called to you live. I told you to be institutional and. Institutional order
2367	03:20:00 --> 03:20:07	for entry drill, and it delivered like a fucking Gangbuster bang, delivered. I
2368	03:20:07 --> 03:20:10	don't run out of fucking luck, and I don't run out of fucking yeast. This
2369	03:20:10 --> 03:20:14	Baker can make fucking cakes forever, as long as the Lord gives me breath and
2370	03:20:14 --> 03:20:17	faculties, I can still have in my head. I'm gonna be doing this. It's not gonna
2371	03:20:17 --> 03:20:22	stop working. So you might as well just warm up to the idea that, hey, this is
2372	03:20:22 --> 03:20:26	the real shit. I'm gonna try to learn how to do this. Even if you're just 1%
2373	03:20:27 --> 03:20:33	better each week, you're moving in the right direction. And don't let go of it.
2374	03:20:33 --> 03:20:37	Keep progressing further and further in the future, you'll see if it works. It
2375	03:20:37 --> 03:20:46	fucking works. So now let's slide on over into the 930 and this is probably
2376	03:20:46 --> 03:20:53	going to be the last long one in the series, because I have to make it
2377	03:20:53 --> 03:20:56	palatable for Caleb, because it is a lot. I'm gonna take these. These are
2378	03:20:56 --> 03:21:04	just measuring those wicks on the one minute chart, and I don't need this, and
2379	03:21:04 --> 03:21:07	don't need the old lows, I'm sorry, the relatively glass. We don't need to see
2380	03:21:07 --> 03:21:08	that anymore,
2381	03:21:11 --> 03:21:12	and we don't need
2382	03:21:14 --> 03:21:19	and we'll keep that one for now. All right, so 930 Okay, so we ran up into
2383	03:21:19 --> 03:21:23	the opening range. Gap went above it a little bit, broke down. Here's a gap
2384	03:21:23 --> 03:21:29	right there. You see that right there, we overshoot it a little bit. That's
2385	03:21:29 --> 03:21:32	that's equivalent to a one minute Mohawk. There's a little bit of a
2386	03:21:32 --> 03:21:35	coloring outside the range. You have to keep things in perspective, because this
2387	03:21:35 --> 03:21:39	is a 15 second chart, meaning every single individual candlestick is
2388	03:21:39 --> 03:21:44	representing the open, the highest high, the lowest low, and where we stop
2389	03:21:44 --> 03:21:49	trading every 15 seconds. Now it sounds scary like, Man, this is moving too
2390	03:21:49 --> 03:21:54	fast. It's moving no faster than it's moving on an hourly chart, a weekly
2391	03:21:54 --> 03:21:59	chart, a monthly chart, a yearly chart. It's not moving any faster. The only
2392	03:21:59 --> 03:22:04	thing that tricks you by perspective, is the frequency of a new candle forming
2393	03:22:05 --> 03:22:10	the range upon which it's moving higher and lower. It's not changing that the
2394	03:22:10 --> 03:22:16	same amount of time and fluctuation is occurring. So when people say the speed
2395	03:22:16 --> 03:22:20	is too fast, they're really talking other ass, because the market's still
2396	03:22:20 --> 03:22:26	doing the same speed. What's changing is the magnitude of the move. That is not
2397	03:22:26 --> 03:22:31	determined by the time frame you're watching. It's that has no it has no
2398	03:22:33 --> 03:22:41	direct influence of how far it's going to go. Something occurring on a 15
2399	03:22:41 --> 03:22:49	second chart doesn't equate to or make 100 PIP or 100 handle run in price. You
2400	03:22:49 --> 03:22:52	can't think about it like that. The market's going to run like that because
2401	03:22:52 --> 03:22:57	of time. If it's the right time for those types of runs to occur, then it
2402	03:22:57 --> 03:23:01	will. It matters not whether you're perceiving price through a 15 second
2403	03:23:01 --> 03:23:04	chart, a one minute chart, five minute chart, 15 second chart, whatever time
2404	03:23:04 --> 03:23:08	for you're watching the magnitude or the distance upon which price is going to
2405	03:23:08 --> 03:23:14	move is dictated by the time upon which that move begins. And it doesn't mean
2406	03:23:14 --> 03:23:19	that you begin a move on a 15 second chart. 15 second charts, this gives you
2407	03:23:19 --> 03:23:23	these areas of opportunity for you engaging price. It does not make the
2408	03:23:23 --> 03:23:26	move faster, and it doesn't slow the move down. It just gives you
2409	03:23:26 --> 03:23:32	opportunities to engage. What's going to be in play, higher prices or lower
2410	03:23:32 --> 03:23:37	prices. Okay, so we're going to go into the second drop, where we're spending
2411	03:23:37 --> 03:23:42	too much time in the opening range. We're inside this inefficiency here we
2412	03:23:42 --> 03:23:44	drop down after working the midpoint of it
2413	03:23:44 --> 03:23:46	or not the midpoint of it, the
2414	03:23:48 --> 03:23:57	lower lower quadrant, we drop institutional or flow entry drill there,
2415	03:23:57 --> 03:24:01	almost immediate rebalance, right there. If I was watching this live as it was
2416	03:24:01 --> 03:24:05	going up like that, I would have commented, said, Watch for an immediate,
2417	03:24:06 --> 03:24:09	immediate rebalance. Immediately when you have a big down close candle and the
2418	03:24:09 --> 03:24:12	next candle opens up and goes right back up to the previous candle before the
2419	03:24:12 --> 03:24:17	down close or the larger range candle, and when it touches that right there,
2420	03:24:17 --> 03:24:21	that's one of the best one side indicators that you could ever get in
2421	03:24:21 --> 03:24:25	trading. And when you're watching time frames, and you're watching and managing
2422	03:24:25 --> 03:24:29	your trade, any instance of that occurring, and you have not had
2423	03:24:29 --> 03:24:36	liquidity taken, it didn't happen yet, until that right there, see that. So it
2424	03:24:36 --> 03:24:39	could have very easily went up and touch that candles low. If it did, that would
2425	03:24:39 --> 03:24:44	be an area where I would pyramid. If I was short, I would pyramid there, and I
2426	03:24:44 --> 03:24:49	would look for this load to show speed through it. It does, and that would be
2427	03:24:49 --> 03:24:56	first partial. But let's go to the conversation about what I outlined real
2428	03:24:56 --> 03:25:03	time on July. Stream. You watch me execute on something beforehand, and I
2429	03:25:03 --> 03:25:06	get to flack all the time. Why can't you talk about these moves in real time?
2430	03:25:06 --> 03:25:11	ICT, you're a bitch. You're a fraud. When I do it, you don't pay attention to
2431	03:25:11 --> 03:25:15	it. You want me to execute and place my stop loss so you can mimic me. I don't.
2432	03:25:15 --> 03:25:19	I don't want you doing that, but I will do it here. I have to do it because I
2433	03:25:19 --> 03:25:23	want my son to do it. So we have this area. I want to take this box and then
2434	03:25:23 --> 03:25:26	that shade the blue area. Remember I was telling you, that's the range between
2435	03:25:26 --> 03:25:30	the opening price to the lowest low of the day. So now it's gone, and that
2436	03:25:30 --> 03:25:36	chart looks familiar again. Okay, so we went down below the lows over here. This
2437	03:25:36 --> 03:25:42	is a one minute chart on the left low and a slightly lower load left that
2438	03:25:42 --> 03:25:49	there. So we went down below this low, right there, this price action right
2439	03:25:49 --> 03:25:52	there. Is this price action right here.
2440	03:25:53 --> 03:25:54	Watch, I'm
2441	03:26:00 --> 03:26:09	I see I'm making that little box here on the one minute chart. It shows it here
2442	03:26:09 --> 03:26:14	on the 15 second chart. So the market has a shift in market structure on the
2443	03:26:14 --> 03:26:19	15 second chart here, the same thing you see on this one minute candle. It
2444	03:26:19 --> 03:26:28	rallies up. This is a breaker. This is a breaker. This breaker, this up close
2445	03:26:28 --> 03:26:35	candle, extend that in time there. So you have a gap, which is a buy side of
2446	03:26:35 --> 03:26:39	balance, cell sign efficiency. And you have the midpoint of that gap, which is
2447	03:26:39 --> 03:26:42	consequence encroachment. And then you have the breaker. So you have several
2448	03:26:42 --> 03:26:45	things there. If you were watching a 15 second chart, or if I was trading on a
2449	03:26:45 --> 03:26:52	15 second chart, I would have tested the market by entering in here. Would it
2450	03:26:52 --> 03:26:57	feed that idea? It rallies up and it does. Then we said, we want to watch it
2451	03:26:57 --> 03:27:01	trade back down into the new day opening gap, high and maybe as low as the New
2452	03:27:01 --> 03:27:05	day, new day opening gap low on the 16th. Go back and listen to the early
2453	03:27:05 --> 03:27:08	part of this stream. You'll hear me saying those things over live price
2454	03:27:08 --> 03:27:13	action before it happened later on in the stream. I explained why. Because the
2455	03:27:13 --> 03:27:18	Lazi was over here with this, the bodies were respecting the new day opening gap
2456	03:27:18 --> 03:27:23	high, and it didn't do it here. So which low am I going to refer to as a discount
2457	03:27:23 --> 03:27:27	array for price this one? Even though this is lower, I don't care about that.
2458	03:27:27 --> 03:27:31	I want this one. Why? Because this one was respecting the same reference point
2459	03:27:31 --> 03:27:34	I'm using to enter off of over here on one minute chart. We want to see it
2460	03:27:34 --> 03:27:39	open, trade down to that new day, opening gap on the 16th. We get that
2461	03:27:39 --> 03:27:42	here, trades down, hit it and then rallies up. Then we have displacement.
2462	03:27:43 --> 03:27:47	We have a separation of overlapping candles, which is what we're seeing in
2463	03:27:47 --> 03:27:50	here. All of these candles are overlapping. They're sharing the same
2464	03:27:50 --> 03:27:53	price range, the highest high and the lowest low. They keep pricing them back
2465	03:27:53 --> 03:27:58	and forth, and then we leave it right there. Wonderful. That's this movement
2466	03:27:58 --> 03:28:03	right there on that candle in a limited chart. That's what I said when this
2467	03:28:03 --> 03:28:06	candle was still active on the one minute chart lower left hand corner,
2468	03:28:06 --> 03:28:10	when the candle I'm highlighting right there was still forming, had not closed
2469	03:28:10 --> 03:28:14	yet. I said we're going to see a fair value gap, and I would like to see it
2470	03:28:14 --> 03:28:19	create an institutional order flow entry drill. That means go one tick below this
2471	03:28:19 --> 03:28:23	candle is low, and then rally up to new week, opening gap low, and we'll see
2472	03:28:23 --> 03:28:27	what it does after that. Well, we get that here, boom,
2473	03:28:29 --> 03:28:31	boom rallies.
2474	03:28:32 --> 03:28:38	See that this. We don't want to see that close back in why? Because we're close
2475	03:28:38 --> 03:28:42	to a target. And if it's if it's going to go here, it's probably going to run
2476	03:28:42 --> 03:28:47	this high, because their stops right before this drop down here. Anyone
2477	03:28:47 --> 03:28:50	short, where's it going to place their protective buy stop at right above this
2478	03:28:50 --> 03:28:58	high. So if it's going to go here and trade into this old opening gap, which
2479	03:28:58 --> 03:29:03	is shaded in pink, that's the difference between yesterday's settlement price and
2480	03:29:03 --> 03:29:10	where we started trading at 930 that's the opening range. Gap price eventually
2481	03:29:10 --> 03:29:13	trades up into there and hits the new week opening gap high. Look at the
2482	03:29:13 --> 03:29:20	bodies. Look at the bodies, respecting that on a 15 second chart, buying and
2483	03:29:20 --> 03:29:28	selling pressure causes that, right? Buying and selling pressure causes that
2484	03:29:28 --> 03:29:31	much of respect of a level that's supposed to be randomly pulled out my
2485	03:29:31 --> 03:29:34	own ass. No, come on, man, at some point you're just going to have to take this.
2486	03:29:34 --> 03:29:40	Is this is something to this, and it's not somewhere else in books. No other
2487	03:29:40 --> 03:29:44	feature. Another author talked about it, they have this inefficiency down here,
2488	03:29:46 --> 03:29:53	and go over to the left, see that. So this singular candle and this singular
2489	03:29:53 --> 03:30:00	candle here are sharing space, the same space, the same range. And. And it
2490	03:30:00 --> 03:30:06	passed through with one single candle on the downside here and on the upside
2491	03:30:06 --> 03:30:10	here. Go back and listen to the time when we were trading here. We can see it
2492	03:30:10 --> 03:30:14	drop down below the new week, opening gap low and trade into the inefficiency
2493	03:30:15 --> 03:30:19	right here. But this is a balanced price range, because we pass through here and
2494	03:30:19 --> 03:30:23	we pass through it here. So between this candle slow and that candles high, that
2495	03:30:23 --> 03:30:27	little box is balanced. It's like a brick fucking wall. It's like, you will
2496	03:30:27 --> 03:30:32	not pass me. Why? Because it's in a buy program. It's going to be reaching for
2497	03:30:32 --> 03:30:37	the liquidity here, here and where we mentioned earlier, where the where the
2498	03:30:37 --> 03:30:43	buy side was, eventually we saw trading too. But the point was, I can see this.
2499	03:30:43 --> 03:30:48	I'm watching this, and I'm pairing this up with this over here. So just as much
2500	03:30:48 --> 03:30:51	as this is a balanced price range, this candle in the lower left hand corner,
2501	03:30:51 --> 03:30:55	that candle sticks high and that candle sticks low. Those two price points
2502	03:30:55 --> 03:31:00	define where two candles back to back have traded in both directions, passed
2503	03:31:00 --> 03:31:07	through multiple times in that range. So think about like a trading range. Okay,
2504	03:31:07 --> 03:31:12	you've ever studied the the trading range in a market? It's you. Most
2505	03:31:12 --> 03:31:17	traders are doing what they're waiting for, the breakout. Okay? And I'm not a
2506	03:31:17 --> 03:31:20	breakout trader, but I can understand that when a market passes back and forth
2507	03:31:20 --> 03:31:25	through a predefined range, high and low. It's going to take something
2508	03:31:25 --> 03:31:30	significant to get on the other side of it. So if I can see those types of
2509	03:31:30 --> 03:31:36	signatures in price action, it's two forms of it, single delivery down here,
2510	03:31:36 --> 03:31:40	one candle. And I mean it like this. Look at like this. Conceptually. View it
2511	03:31:40 --> 03:31:41	like this
2512	03:31:47 --> 03:31:53	gap, well now we pass through it. So we offered what here buy side, what's
2513	03:31:53 --> 03:31:56	missing over here buy side, because they only have one single cannon going down.
2514	03:31:56 --> 03:32:02	So in a perfect world, a balanced market, a efficiently delivered market
2515	03:32:02 --> 03:32:06	would have the range open all the way up to here and pass back through it,
2516	03:32:06 --> 03:32:11	because only this single candle for 15 seconds only passed through the range of
2517	03:32:11 --> 03:32:16	the previous candles low to the candles high here. So between those two price
2518	03:32:16 --> 03:32:19	points that's shaded in this blue, it only offered movement going to the
2519	03:32:19 --> 03:32:24	downside. How many times could someone buy or sell in at 15 seconds? Not much.
2520	03:32:25 --> 03:32:29	So what's it inefficient? It's inefficient in the scope of price moving
2521	03:32:29 --> 03:32:34	up, doing that same price range, and we get it here. Okay, so because we have
2522	03:32:34 --> 03:32:39	one single pass on this candle, and this candle here, I see that visually as a
2523	03:32:39 --> 03:32:45	balanced price range. It's offered both sides. It's true, because we have not
2524	03:32:45 --> 03:32:49	seen what the buy side that was going to be targeted, which is the 630, 8.75
2525	03:32:50 --> 03:32:58	level. What does the market do? It trades down lots of bodies. The wicks
2526	03:32:58 --> 03:33:03	can do. What do the damage? They can trade outside the range. So I'm looking
2527	03:33:03 --> 03:33:07	at this as a balanced price range, but I'm anchoring it to what logic on the on
2528	03:33:07 --> 03:33:11	the one minute here. So the bottom of that candlestick right there, go back
2529	03:33:11 --> 03:33:14	and listen to the stream. It's I'm telling you about this. I'm not
2530	03:33:14 --> 03:33:18	referring to the 15 second but I'm anchoring it to the one minute chart, as
2531	03:33:18 --> 03:33:21	I'm referring to this candlestick here in this council. That's a balanced price
2532	03:33:21 --> 03:33:26	range, but it looks visually like this on a 15 second chart, so there's more
2533	03:33:26 --> 03:33:29	room for it to have this little errant price action there. But it's not errant
2534	03:33:29 --> 03:33:36	on this time frame, because watch, we're inside that balance price range. It did
2535	03:33:36 --> 03:33:39	not take out that candle. Slow. That's reasonable. It's like a brick wall.
2536	03:33:39 --> 03:33:43	You're not going to go past me, past what the low of that range that's
2537	03:33:43 --> 03:33:50	defined by that candle? Find that logic in a trading book. It's not there. It's
2538	03:33:50 --> 03:33:54	not there. I had to come up with a way to describe something that I still can't
2539	03:33:54 --> 03:33:57	go beyond the scope of what I'm saying here. That's really occurring right
2540	03:33:57 --> 03:34:02	there, but because it happens to visually agree with the primary function
2541	03:34:02 --> 03:34:07	of what's occurring at that time. It allows me to communicate to you
2542	03:34:07 --> 03:34:14	visually, balance price ranges are an efficient delivery mechanism, but if
2543	03:34:14 --> 03:34:22	they ever fail, that's a huge, huge indication that something has changed,
2544	03:34:22 --> 03:34:26	and it's manual intervention, because algorithmically, the price is going to
2545	03:34:26 --> 03:34:31	respect these types of things. But if they stop, the hand's in the mix. The
2546	03:34:31 --> 03:34:35	hand is the market maker. The people that are going to push price beyond
2547	03:34:35 --> 03:34:38	where you think they're going to go, even my stuff, even me taking a trade,
2548	03:34:38 --> 03:34:42	it's not going to work. They're just going to upset it, and that's okay. I
2549	03:34:42 --> 03:34:47	can accept that. Problem is, Can you can you accept an uncertainty of when that's
2550	03:34:47 --> 03:34:52	going to occur? I cut things so I can see when they get involved in it, but
2551	03:34:52 --> 03:34:57	not always, but when I see things like a balanced price range give way, then
2552	03:34:57 --> 03:35:00	there's something underlying behind the scenes that I. Don't know what they're
2553	03:35:00 --> 03:35:04	doing, but I know now they're in it. Remember the analogy I gave you, the Neo
2554	03:35:04 --> 03:35:08	in the book, going with the book that maybe the matrix. He sees that black cat
2555	03:35:08 --> 03:35:11	walk, and he looks over and sees it again. He says, Well, that's weird.
2556	03:35:11 --> 03:35:15	That's deja vu. I just saw the same cat twice, and they all knew, because of
2557	03:35:15 --> 03:35:20	experience shits changing, we got to go. The agents are on our way or on their
2558	03:35:20 --> 03:35:23	way there. There's a change in the matrix. They made a change. That's
2559	03:35:23 --> 03:35:27	manual intervention. The same thing when I'm watching price visually, and I see
2560	03:35:27 --> 03:35:31	things like a balanced price range break, what I think was underway is
2561	03:35:31 --> 03:35:36	changed. It's not likely to occur here. That's not the case. We're seeing this
2562	03:35:38 --> 03:35:41	candle is high. That candle is low because it's moved back and forth in
2563	03:35:41 --> 03:35:47	that range. We're not concerned about price going below that. We're seeing it
2564	03:35:47 --> 03:35:53	deliver up, down, up, down, up. You see it? That's the balance price range here
2565	03:35:53 --> 03:35:58	on the 15 second chart. But visually, it's this. This candle is high. That
2566	03:35:58 --> 03:36:02	candle slow, but that it's occurring right there? Did that candlestick go
2567	03:36:02 --> 03:36:07	below that low? Right there? No, it didn't. So what's changed? Nothing.
2568	03:36:07 --> 03:36:11	Everything's still valid. That's why I was telling you. I believe we're going
2569	03:36:11 --> 03:36:14	to go down to this little area here in the inefficiency on the one minute
2570	03:36:14 --> 03:36:18	chart, but not go below this area here, because this is a balanced price range.
2571	03:36:18 --> 03:36:21	This range, high, that range, low. Listen, go back and watch the recording.
2572	03:36:21 --> 03:36:25	It's there. This is the part. When people watch these portions of it, it
2573	03:36:25 --> 03:36:33	sounds like, Oh, he's making up shit. I get so tired of saying this shit that,
2574	03:36:33 --> 03:36:37	if you just listen, I'm telling you this stuff before it happens. Now I'm
2575	03:36:37 --> 03:36:43	explaining in ad nauseam, the details as to why it's doing what it's doing, what
2576	03:36:43 --> 03:36:47	it looks like, how to recognize it. Remember pattern recognition. When
2577	03:36:47 --> 03:36:50	you're hunting something, you have to know how to track it. This is what a
2578	03:36:50 --> 03:36:54	track of this balanced price range looks like. And you can see it going back down
2579	03:36:54 --> 03:36:58	into that balance price range, but not going past it. It says, No, you're not
2580	03:36:58 --> 03:37:02	going lower than that. So any retracement down, like there that's not
2581	03:37:02 --> 03:37:07	changing anything. It's breaking the hearts of anybody that you know, maybe
2582	03:37:07 --> 03:37:13	trading against it. Maybe they're long up here. They chased it and it's
2583	03:37:13 --> 03:37:17	dropping down here. Now they're scared, like, oh, it's gonna keep dropping. No,
2584	03:37:20 --> 03:37:23	the market rallies back up, find some support at the new week, opening got low
2585	03:37:23 --> 03:37:27	again, and then here, and I was telling you, watch, look what it's doing here
2586	03:37:27 --> 03:37:34	during the live stream. See how it's finding support. Great. The middle of
2587	03:37:34 --> 03:37:39	the opening range gap. That's what this is. Okay, the opening range gap.
2588	03:37:39 --> 03:37:40	Gonna take that off.
2589	03:37:42 --> 03:37:47	When you take this stuff off like this, it's like, what is it doing? It's hard
2590	03:37:47 --> 03:37:51	to discern what it is it's trying to do. And if you start looking for indicators
2591	03:37:51 --> 03:37:55	to give you clues, if you start looking at harmonic patterns and things or
2592	03:37:55 --> 03:37:59	retail patterns, you're placing your faith on something that doesn't mean
2593	03:37:59 --> 03:38:04	shit. But when you start looking at what the algorithm will refer to, that's what
2594	03:38:04 --> 03:38:08	I'm pointing you to. I'm pointing to the very reference points, and I'm proving
2595	03:38:08 --> 03:38:12	it lies. These are what the reference points that the algorithm is going to
2596	03:38:12 --> 03:38:17	refer back to, and it's going to behave based on this, nothing else. And then
2597	03:38:17 --> 03:38:23	what does price do? Everything that he fucking says. And for people that don't
2598	03:38:23 --> 03:38:28	want to see me do this and they want to watch me fail in front of you, it kills
2599	03:38:28 --> 03:38:33	them. They punch the fucking air. It makes them mad. And I love it. Cry
2600	03:38:33 --> 03:38:38	harder, bitch, and the market rallies up, comes back down, small, little
2601	03:38:38 --> 03:38:43	retracement. This is the old relative equal high, which is now, as it
2602	03:38:43 --> 03:38:48	retraces, is what it is a discount array. So old highs is, is the highest
2603	03:38:48 --> 03:38:56	form of a premium array. Old lows are the outside that wrong. I'm sorry. Old
2604	03:38:56 --> 03:39:01	highs are the lowest discount array. It sounds like an oxymoron. How can an old
2605	03:39:01 --> 03:39:04	high because if you're above it and trading back down, think Flint clap in
2606	03:39:04 --> 03:39:12	this regard, think classic sport resistance. Old highs are the highest
2607	03:39:16 --> 03:39:24	discount array. Old lows are the lowest premium rate. So if you have a reference
2608	03:39:24 --> 03:39:28	of how, what, where the market is going to draw to up or down every time you
2609	03:39:28 --> 03:39:32	breach a PD array, you got to look back at the range it just traveled through
2610	03:39:33 --> 03:39:40	and map out each PD array. Did you miss a PD array not being traded to? Did it
2611	03:39:40 --> 03:39:45	totally disregard it. That's a good thing. That's a good thing. That means
2612	03:39:45 --> 03:39:48	you're on side. All those things are indicative that you're on the right side
2613	03:39:48 --> 03:39:51	of the marketplace. So to answer the question in continuity and what I was
2614	03:39:51 --> 03:39:54	referring to last Friday, when I was saying, when people are asking me, how
2615	03:39:54 --> 03:39:57	do you hold on to trades? How do you trust trading and catching big moves?
2616	03:39:57 --> 03:40:03	Well, I talk a lot about that. I did a clinic on it today. In the market trades
2617	03:40:03 --> 03:40:09	back down in relative equal lows, sweeps, it doesn't touch the new week
2618	03:40:09 --> 03:40:14	opening gap here high, and now we're just Manning around. And this is a 15
2619	03:40:14 --> 03:40:19	second chart. Breaks down. Where's the trade? Back into new week opening gap
2620	03:40:19 --> 03:40:24	high. What time of day is this, we're in lunch. So what can the lunch market time
2621	03:40:24 --> 03:40:29	do retrace on what's been profitable? So it goes back against what was been
2622	03:40:29 --> 03:40:33	underway in terms of higher prices or lower prices. So it's going to seek the
2623	03:40:33 --> 03:40:37	sell stops on moves that's been going up, or it's going to seek the buy stops
2624	03:40:37 --> 03:40:44	on moves it's been going lower. The reaction off of that. And we're right
2625	03:40:44 --> 03:40:51	here. I mean, if, if, if you don't extend the new week, opening gaps on
2626	03:40:51 --> 03:40:55	your chart and keep them on there for a few weeks, you're really you're trading
2627	03:40:55 --> 03:41:00	blind, like you have no idea why the market's doing what it's doing. And if
2628	03:41:00 --> 03:41:04	your indicator, or if your idea of your elbow, last time you had tennis elbow,
2629	03:41:04 --> 03:41:08	the market went up, whatever the bullshit logic is that you use, whatever
2630	03:41:08 --> 03:41:13	it is, if it agrees with my stuff, your stuff's going to work then, and you can
2631	03:41:13 --> 03:41:17	say that they're going to not. That's the fucking truth. That's what makes
2632	03:41:17 --> 03:41:21	your stuff work when it happened to be in those fleeting moments where it's in
2633	03:41:21 --> 03:41:26	agreement with what I say the market's going to do. And then there we go. Now,
2634	03:41:26 --> 03:41:34	imagine, now, imagine you have done the due diligence of studying and price
2635	03:41:35 --> 03:41:39	reading like we're doing tape reading and defining certain things, getting
2636	03:41:39 --> 03:41:44	familiar with certain logic when you when you sign up to learn a language,
2637	03:41:45 --> 03:41:51	like I went through Spanish one and Spanish two, and I know a little bit of
2638	03:41:51 --> 03:42:00	Arabic, I know a little bit of Spanish, that's pretty much it. There's those are
2639	03:42:00 --> 03:42:05	the two languages that I learned from and when I was working for an Arabic
2640	03:42:05 --> 03:42:10	family, I learned all the bad words. First, obviously, because I want to know
2641	03:42:10 --> 03:42:15	when they're cussing me out behind my back. Then I learned the casual stuff.
2642	03:42:16 --> 03:42:24	And when you sit down with me and you want to learn how to read price action,
2643	03:42:24 --> 03:42:27	and you want to be able to read price action and do the executions like you
2644	03:42:27 --> 03:42:31	watch me do, and you want to see me share this logic in a way that's
2645	03:42:31 --> 03:42:37	straightforward, easy, real fast, I want you to think about say you're say you're
2646	03:42:37 --> 03:42:41	foreign, and you want to learn to speak English. And a lot of my students
2647	03:42:41 --> 03:42:45	actually chose to learn how to speak English because of wanting to learn from
2648	03:42:45 --> 03:42:50	me this and now they can speak English because they have been so inspired to
2649	03:42:50 --> 03:42:53	learn how to trade, they force themselves to learn English so that way
2650	03:42:53 --> 03:43:01	you can listen to me. Did that come easy? No way. When you learn another
2651	03:43:01 --> 03:43:06	language, it takes time. It's very difficult, especially the English
2652	03:43:06 --> 03:43:10	language, because we have words that shouldn't sound like other words that
2653	03:43:10 --> 03:43:16	spelled completely different, like wood, W, O, O, D, and then you have W, o, u,
2654	03:43:16 --> 03:43:23	l, D, what? Yeah, it's very confusing. And if you have time, you can look on
2655	03:43:23 --> 03:43:30	YouTube. Look at Gallagher. He's a he's a very funny comedian, and he's very
2656	03:43:30 --> 03:43:35	popular for taking this as a skit idea, and makes fun of our English language.
2657	03:43:35 --> 03:43:38	And it's like, Who the hell designed this? This is dumb, but it really is
2658	03:43:38 --> 03:43:42	true. I'm thankful that I had learned English initially, because I think I
2659	03:43:42 --> 03:43:45	would have been treating it like I did when I was trying to learn French, or I
2660	03:43:45 --> 03:43:49	tried to learn Chinese, and that's a really hard language. I tried to write
2661	03:43:49 --> 03:43:54	and read Arabic. That's very hard, too. It's beautiful to read like I love the
2662	03:43:54 --> 03:43:58	way it looks. It's beautiful, but it was hard enough just to learn to speak a
2663	03:43:58 --> 03:44:01	little bit of it. And I'm not that fluid with it, but I can get myself through a
2664	03:44:01 --> 03:44:07	little bit of a conversation, but learning a language like this is not
2665	03:44:07 --> 03:44:11	going to be easy. It's not going to be right away, type results, okay, it's
2666	03:44:11 --> 03:44:14	it's going to take time. It's going to feel like you're never going to get
2667	03:44:14 --> 03:44:19	there. But I'm giving you the best way. Like, if you're going to learn a
2668	03:44:19 --> 03:44:23	language, work around people that speak that language, and because of the
2669	03:44:23 --> 03:44:28	exposure to it, when I was working at a restaurant in the air family that I
2670	03:44:28 --> 03:44:34	worked for, they would speak in Arabic, and then they would say to English, so I
2671	03:44:34 --> 03:44:39	would know what they were doing, and I would hear him or them say the words,
2672	03:44:39 --> 03:44:43	and then over time, I'm like, Oh yeah, he's saying, Are they wrong? Up yet? Did
2673	03:44:43 --> 03:44:50	they pay yet? Is this done? How many more left? This is not complete, you
2674	03:44:50 --> 03:44:54	know. Or hand them this and hand them that, and it was monotonous for them,
2675	03:44:54 --> 03:44:58	but they were nice enough to do that so I could, I could learn Arabic, and
2676	03:44:59 --> 03:45:02	that's. The equivalent of what I'm doing. I use the real world experience
2677	03:45:02 --> 03:45:08	of me learning while working. I'm over top of live price action with you, just
2678	03:45:08 --> 03:45:12	like I am with my son. So I'm showing you things as the price is happening,
2679	03:45:13 --> 03:45:16	that the delivering higher or lower around specific levels that I think are
2680	03:45:16 --> 03:45:20	important, that are pertinent to the ideas that I teach, and I draw your
2681	03:45:20 --> 03:45:26	attention to the moments where you're met with a decision, does it continue,
2682	03:45:27 --> 03:45:31	or is it likely to reverse, or is it done for the day? And I share my
2683	03:45:31 --> 03:45:39	experience in 30 years of doing this with you real time. There really is no
2684	03:45:39 --> 03:45:44	better benefit than having someone that willing to do this. I would have solved
2685	03:45:44 --> 03:45:48	my left fucking leg off as a 20 year old, when I had all that money lost and
2686	03:45:48 --> 03:45:53	draw down and just feeling like I want to, I wanted to end myself literally. I
2687	03:45:53 --> 03:45:57	wanted to end myself because I was like, why they even start doing this? I'm
2688	03:45:57 --> 03:46:00	never going to be able to get it like it's just I don't have anybody lean on
2689	03:46:00 --> 03:46:04	nobody can help me. Nobody believes in me. My family thinks it's never going to
2690	03:46:04 --> 03:46:10	work. My friends are like, you know, I don't get why you keep doing so. I had
2691	03:46:10 --> 03:46:17	no support structure around me. You have such a wonderful opportunity just to sit
2692	03:46:17 --> 03:46:21	here and watch, even if you don't really want to learn what it is I'm doing. I
2693	03:46:21 --> 03:46:24	promise you that if you're watching price and you're trading, you're going
2694	03:46:24 --> 03:46:29	to see something you didn't see or expect in what you're watching, and it
2695	03:46:29 --> 03:46:32	might protect you. It might change your mind about something you may be
2696	03:46:32 --> 03:46:36	overhanded in, like you're really, really bearish, and you're holding a
2697	03:46:36 --> 03:46:39	really big short position. And I'm saying, and watch this level, it's
2698	03:46:39 --> 03:46:42	probably going to send us up to that level when, when I do that in the live
2699	03:46:42 --> 03:46:46	streams, you have my permission to try to protect your ass, because if you're
2700	03:46:46 --> 03:46:49	on the other side of me calling this stuff in the live stream, you're
2701	03:46:49 --> 03:46:55	probably going to lose your ass. And I mean that not to be bragging, not to
2702	03:46:55 --> 03:46:58	hurt your feelings, not to be arrogant. I mean it wholeheartedly, because I'm
2703	03:46:58 --> 03:47:02	doing this for my son. I'm not going to I'm not going to blow smoke up his ass.
2704	03:47:02 --> 03:47:06	I'm not trying to deter him from learning the shortest route and
2705	03:47:06 --> 03:47:10	directional way to get right to the end of the conversation of knowing what to
2706	03:47:10 --> 03:47:19	do. I'm trying to make it complete. I'm also showing him the levels that he has
2707	03:47:19 --> 03:47:21	to understand in in a graduated manner,
2708	03:47:23 --> 03:47:26	and it's up to you to decide whether or not you want to be a part of it, like,
2709	03:47:26 --> 03:47:28	like I said, I don't care if there's if it's one person that watched it. I know
2710	03:47:28 --> 03:47:32	it's my son, and I want to keep doing it. No one's going to stop me. If you
2711	03:47:32 --> 03:47:36	don't put thumbs up, I don't get too fucked. I really don't care. You can do
2712	03:47:36 --> 03:47:38	a thumbs down. I don't give a fuck. I'm still going to keep doing this. I'm
2713	03:47:38 --> 03:47:42	going to do it because he wants to learn, and I want him to learn the
2714	03:47:42 --> 03:47:47	correct way. And there's no better way than dad sitting out here doing it with
2715	03:47:47 --> 03:47:51	a live chart, recording it. So that way, it's recorded, it's it's logged, it's
2716	03:47:51 --> 03:47:58	archived. And even if something bad happens and I and I lost my laptop, the
2717	03:47:58 --> 03:48:02	recordings that are on it don't matter, because I have it on an external
2718	03:48:02 --> 03:48:05	archive. It's on YouTube, and there's witnesses all around the world seeing me
2719	03:48:05 --> 03:48:09	do it, seeing that it works, seeing that the logic is the same stuff. It's not
2720	03:48:09 --> 03:48:15	being bent and twisted and contorted. It's there. And now, to answer the last
2721	03:48:15 --> 03:48:20	question before I go grab something to eat, a Reaper fair value gap. Just
2722	03:48:20 --> 03:48:25	because I introduced it, don't think you know it. Don't think because I showed my
2723	03:48:25 --> 03:48:31	deuce. You think you know everything okay? There are certain little things
2724	03:48:31 --> 03:48:37	that change in price that make it one thing or the other. Every fair value gap
2725	03:48:37 --> 03:48:44	is not the same if they share the same space of another PVA Ray, it changes its
2726	03:48:44 --> 03:48:50	character. It changes it. It makes it something else. Again, you don't know
2727	03:48:50 --> 03:48:54	what the fuck you're talking about. Okay, so stop trying to teach and trying
2728	03:48:54 --> 03:48:57	to call it something else. It's not. And when you question me about what I'm
2729	03:48:57 --> 03:49:01	annotating on my chart, unless I come back and say, I messed this up. I messed
2730	03:49:01 --> 03:49:04	up. Not done that. I have said I referred to a market maker sell model
2731	03:49:04 --> 03:49:10	when it was really a buy model and or I referred to a second stage distribution
2732	03:49:10 --> 03:49:14	when it was clearly going up. And it's re accumulation, second stage, re
2733	03:49:14 --> 03:49:17	accumulation, because I'm out here without script, and I'm going to do it
2734	03:49:17 --> 03:49:20	eventually, in the future, I'm going to say something that slips. It's a slip it
2735	03:49:20 --> 03:49:25	up tongue, but that is a Reaper fair value gap that I showed the other day,
2736	03:49:25 --> 03:49:31	and I told you to project it through, extend it through, and how many times it
2737	03:49:31 --> 03:49:42	used it key takeaway, what is August, 1, first day of the week? What time did
2738	03:49:42 --> 03:49:44	that gap get referenced?
2739	03:49:48 --> 03:49:50	It happens every single month,
2740	03:49:52 --> 03:49:56	because the algorithm will go back to a specific date. What date would it use?
2741	03:49:58 --> 03:50:09	First trading day? I. First day of week, Wednesday, previous Friday. That's not
2742	03:50:09 --> 03:50:14	all of them, but I'm proving that there is an algorithm and it's going back to
2743	03:50:14 --> 03:50:21	Days specific. Why? Because it has to go back to a frame of reference. We're in a
2744	03:50:21 --> 03:50:26	new month. Okay? What month are we in August? Let's go back to the first day
2745	03:50:26 --> 03:50:33	of August. Use the first pertinent PD array of August. Carry it through your
2746	03:50:33 --> 03:50:37	chart, and you're gonna see shit that you never saw before. That's all I'm
2747	03:50:37 --> 03:50:41	gonna tell you now. The rest of the stuff will be in the book. But when I
2748	03:50:41 --> 03:50:46	give a speed specific PD array and I annotate it, as long as I'll come back
2749	03:50:46 --> 03:50:50	the day after, because I have made mistakes before, I've miscued, miscalled
2750	03:50:50 --> 03:50:53	something, and it's just human error, like I have a Biden movement once in a
2751	03:50:53 --> 03:50:57	once in a while, it's just, you're gonna have it too. And every live streamer
2752	03:50:57 --> 03:51:01	I've ever watched, they've said shit that I don't think they realize that.
2753	03:51:01 --> 03:51:04	They go back in a recording and say, oh shit, you know what? I didn't say that.
2754	03:51:04 --> 03:51:07	It was backwards. It was but I get it. And if you're a mature audience member,
2755	03:51:07 --> 03:51:11	you know, you know what a market maker buy model is, if you've been around the
2756	03:51:11 --> 03:51:14	block with me, and if it's going up, it's not distribution, that's re
2757	03:51:14 --> 03:51:18	accumulation. So it's just an innocent type thing. But that was an absolute
2758	03:51:18 --> 03:51:25	Reaper. A Reaper is a fucking scythe. It literally cuts through the whole fucking
2759	03:51:25 --> 03:51:30	month and makes it so tradable, where any opportunity you see, where you can
2760	03:51:30 --> 03:51:34	engage that one, and as long as it matches time of day when the market
2761	03:51:34 --> 03:51:38	should deliver, it's just obvious. This is real easy. That's That's one of those
2762	03:51:38 --> 03:51:41	times when you ask me, How do you know which one, which? Which fair value got
2763	03:51:41 --> 03:51:44	to use? Well, that's one of them, because it has to be anchored to a
2764	03:51:44 --> 03:51:50	specific day that is meaningful, first day of month, first day of week. What's
2765	03:51:50 --> 03:51:55	the first fair value? Get the forms after 930 on a Monday, draw that bitch
2766	03:51:55 --> 03:51:57	out through the time over the course of your week
2767	03:51:59 --> 03:52:00	and the month.
2768	03:52:02 --> 03:52:06	Oh. This is too good. I'll give you too much shit. I'm giving too much away.
2769	03:52:06 --> 03:52:10	What the hell I'm gonna have to open up a mentorship I'm never gonna be able to
2770	03:52:10 --> 03:52:14	eat again. How am I gonna keep giving this away for free? How can, how can I
2771	03:52:14 --> 03:52:16	make my ends meet if I keep giving it away for free, right?
2772	03:52:18 --> 03:52:19	Oh, anyway,
2773	03:52:19 --> 03:52:23	I've had so much fun with you all. Today, I spent my time way beyond what I
2774	03:52:23 --> 03:52:26	wanted to spend. So tomorrow, we're going to try to be a little bit more
2775	03:52:26 --> 03:52:31	economical and focus just on the 930 to 1030 hour, because I want to keep keep
2776	03:52:31 --> 03:52:36	my son's focus into that little time window. Okay, I may leave you with
2777	03:52:36 --> 03:52:39	things to annotate and watch going throughout the rest of the day, but
2778	03:52:40 --> 03:52:43	Tuesday through Friday. The rest of this week, we're just going to be doing one
2779	03:52:43 --> 03:52:47	hour sessions. I don't know which day this week we're going to do two sessions
2780	03:52:47 --> 03:52:52	in the afternoon. I'm I'm leaving that open because I have to rely on my wife
2781	03:52:52 --> 03:52:58	to to tell me what that is. We have family members visiting us, and I have
2782	03:52:58 --> 03:53:02	to navigate that. So I want to make sure that I tell you in advance. It's not
2783	03:53:02 --> 03:53:06	because I got a bruised ego and I did something wrong on the stream. I had to
2784	03:53:06 --> 03:53:09	close it. I'm telling you in advance that they're going to be shorter because
2785	03:53:09 --> 03:53:13	I have to make allowances for my personal family time, but still force my
2786	03:53:13 --> 03:53:18	son into studying that individual trading day. Okay, so until I talk to
2787	03:53:18 --> 03:53:22	you tomorrow, we'll be back again at the quarter after nine tomorrow, New York,
2788	03:53:22 --> 03:53:27	Standard Time, and we'll end it tomorrow around 1030 and I'll talk with you all
2789	03:53:27 --> 03:53:30	day, Lord willing, until then. Be safe. Bye.

ICT YT - 2024-08-19 - ICT 2024 Mentorship - Lecture 11-summary

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