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2 |1 |00:01:40 ~-~-> 00:01:47 |ICT: Well, good morning, folks, just an audio check real quick.
3 |2 |00:01:57 ~-~-> 00:01:58 |All right, latency test now i
4 |3 |00:02:03 ~-~-> 00:02:05 |It's about three seconds.
5 |4 |00:02:10 ~-~-> 00:02:12 |Not bad, not bad. Hope you're all doing well.
6 |5 |00:02:13 ~-~-> 00:02:15 |Give your body a minute or two here. I
7 |6 |00:02:35 ~-~-> 00:02:37 |this might get a couple 1000 marks before I start talking. I
8 |7 |00:02:47 ~-~-> 00:02:55 |right again. Good morning. Happy Monday to you. So we are looking at the NASDAQ
9 |8 |00:02:55 ~-~-> 00:03:02 |here, and I'm sure some of you are wondering, What on earth is ICT hiding?
10 |9 |00:03:02 ~-~-> 00:03:06 |Look in the upper left to see that some of you have actually been leaving
11 |10 |00:03:06 ~-~-> 00:03:13 |comments saying, all right, you would indicate your height. I have students
12 |11 |00:03:13 ~-~-> 00:03:20 |all around the world that will tip me off on some things about some tools or
13 |12 |00:03:21 ~-~-> 00:03:26 |little things that trading view. Then they would say, see me doing something,
14 |13 |00:03:26 ~-~-> 00:03:29 |maybe online, shooting or something and recording. And they'll say, Hey, look at
15 |14 |00:03:29 ~-~-> 00:03:33 |look at this. ICT, I think this will be helpful for the most part. Most of the
16 |15 |00:03:33 ~-~-> 00:03:36 |things that they tell me either I know about because another student has taught
17 |16 |00:03:36 ~-~-> 00:03:41 |me about trading views, little hot buttons or shortcuts, which I'm thankful
18 |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
19 |18 |00:03:45 ~-~-> 00:03:48 |a student, if it's useful, not in trading, but in technical stuff, like
20 |19 |00:03:48 ~-~-> 00:03:58 |trading view. But the little thing here is just the watermarks. Now this is a
21 |20 |00:03:58 ~-~-> 00:04:03 |plug for any one of these individuals. I'm trained. I'm testing them to see if
22 |21 |00:04:03 ~-~-> 00:04:08 |they accomplish what I want. And honestly, this is not big enough for me.
23 |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.
24 |23 |00:04:15 ~-~-> 00:04:19 |What I usually do. I just add something, I move it around, because there's
25 |24 |00:04:19 ~-~-> 00:04:24 |dipshits on other platforms, and they take my content and they act like
26 |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
27 |26 |00:04:31 ~-~-> 00:04:37 |on Discord, I'm not on Facebook, I'm not teaching paid mentorships. So people are
28 |27 |00:04:38 ~-~-> 00:04:43 |still listening to you, directly or indirectly asking you for money. That's
29 |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
30 |29 |00:04:50 ~-~-> 00:04:56 |the weekend for students that have been with me for a while, and they wanted to
31 |30 |00:04:56 ~-~-> 00:05:01 |know how someone with more experience i. Would use what amount whining for
32 |31 |00:05:01 ~-~-> 00:05:06 |Caleb's model in their hands? So I kind of demonstrated that this morning. Also
33 |32 |00:05:06 ~-~-> 00:05:14 |kind of like the segue into entry entering entry patterns and how to enter
34 |33 |00:05:14 ~-~-> 00:05:19 |into the setups that we're looking for, also how to get over that hump of fear
35 |34 |00:05:19 ~-~-> 00:05:24 |of being wrong, because before you start trading with a demo account, you're
36 |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
37 |36 |00:05:27 ~-~-> 00:05:30 |link, just for the sake of answering questions, and also give the direction
38 |37 |00:05:30 ~-~-> 00:05:36 |to my son Caleb, where he's going to be going to next after spending some time
39 |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
40 |39 |00:05:39 ~-~-> 00:05:43 |he understands how to determine the general liquidity, that's the part he's
41 |40 |00:05:43 ~-~-> 00:05:48 |working on. So which is what every one of you are probably going to and there's
42 |41 |00:05:48 ~-~-> 00:05:51 |nothing wrong with that. If it's taking you that little bit longer than you
43 |42 |00:05:51 ~-~-> 00:06:01 |thought I was going to just relax. It's fun. But the the mechanics of how we
44 |43 |00:06:01 ~-~-> 00:06:06 |look at price action, the framework I'm going to start teaching on this week,
45 |44 |00:06:06 ~-~-> 00:06:10 |and we'll be doing some afternoon sessions as well this week too. But the
46 |45 |00:06:11 ~-~-> 00:06:17 |Jackson Hole symposium and the chair Powell is going to be jaw burning
47 |46 |00:06:17 ~-~-> 00:06:21 |several times this week. We have a speaker that's been talking, I think,
48 |47 |00:06:21 ~-~-> 00:06:27 |for about 11 minutes, 12 minutes now, or was scheduled to. I don't care so much
49 |48 |00:06:27 ~-~-> 00:06:33 |about them. And when pal talks, I am aware trying to either be out of the way
50 |49 |00:06:33 ~-~-> 00:06:38 |before he starts talking and wait till something happens in the price action.
51 |50 |00:06:38 ~-~-> 00:06:43 |That makes sense based on the time he's talking, they'll say it's because of
52 |51 |00:06:43 ~-~-> 00:06:49 |what he said, and it's not. It's the actual intervention that's being
53 |52 |00:06:49 ~-~-> 00:06:53 |influenced over price action. It's not divine selling pressure, it's they will
54 |53 |00:06:53 ~-~-> 00:07:00 |do certain things in price action and use the excuse that it was pal but it's
55 |54 |00:07:00 ~-~-> 00:07:07 |really just then manually, and that's just the way it is. But Jackson Hole
56 |55 |00:07:07 ~-~-> 00:07:14 |symposium is typically an opportunity for some, some wild stuff to occur, and
57 |56 |00:07:14 ~-~-> 00:07:18 |we'll probably see some, some really nice volatility on Wednesday, Thursday
58 |57 |00:07:18 ~-~-> 00:07:27 |and Friday, as a result of all that. So anyway, we are looking at the new week
59 |58 |00:07:27 ~-~-> 00:07:36 |opening gap for this given week. And I have to take you back to the one minute
60 |59 |00:07:36 ~-~-> 00:07:41 |chart. This is how you calibrate your your levels. Okay, so here is the
61 |60 |00:07:42 ~-~-> 00:07:46 |settlement price on Friday. The last tick is the close. So we want to
62 |61 |00:07:46 ~-~-> 00:07:54 |annotate that. So that's 19,000 604. Young man in the comment section. That's
63 |62 |00:07:54 ~-~-> 00:08:00 |me. Why mine isn't nowhere. And then here is the opening price Sunday, at 6pm
64 |63 |00:08:01 ~-~-> 00:08:05 |and that's the gap. There is no consequence encroachment being annotated
65 |64 |00:08:05 ~-~-> 00:08:10 |there because it just fell short of 20 handles. And you're welcome to do that
66 |65 |00:08:10 ~-~-> 00:08:18 |if you want me simply just thinking, drop it on the lid and the honey, and
67 |66 |00:08:19 ~-~-> 00:08:21 |there's your consequence. It,
68 |67 |00:08:29 ~-~-> 00:08:33 |Chopper on there, like that. Annotate to whatever color you want.
69 |68 |00:08:40 ~-~-> 00:08:45 |Date new company got high August. I'm sorry, not high, but new, good thing,
70 |69 |00:08:45 ~-~-> 00:08:54 |gap, August 18, 24 and then C period, e period. But I don't need that, but
71 |70 |00:08:54 ~-~-> 00:09:01 |you're welcome to have that insurance. Nothing wrong with it. And again, that's
72 |71 |00:09:01 ~-~-> 00:09:07 |what this little thing is. Finally, I'm not hiding indicators. I'm hiding the
73 |72 |00:09:07 ~-~-> 00:09:10 |watermarks. So again, these are not me cosigners saying they're good, that I
74 |73 |00:09:10 ~-~-> 00:09:13 |love them. This is not big enough.
75 |74 |00:09:22 ~-~-> 00:09:30 |Our an extra large, petite like that doesn't work for me. Okay? So we are
76 |75 |00:09:30 ~-~-> 00:09:37 |seeing the responses off of that opening gap down to the low. We have really nice
77 |76 |00:09:37 ~-~-> 00:09:42 |relative equal highs in place now going into the opening a 10 second small
78 |77 |00:09:42 ~-~-> 00:09:47 |seconds in post opening bell. We've attacked the relative eco lows here, and
79 |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
80 |79 |00:09:52 ~-~-> 00:09:56 |little bit more advanced how they'll use the entry models that I'm going to be
81 |80 |00:09:56 ~-~-> 00:10:05 |teaching using Caleb's model. All right, so let's take a quick look at the record
82 |81 |00:10:05 ~-~-> 00:10:13 |trading hours. Never be in a rush. Don't feel like you're missing anything. And
83 |82 |00:10:13 ~-~-> 00:10:20 |we'll take this off for a second. So we have this price here that is your
84 |83 |00:10:20 ~-~-> 00:10:28 |opening range gap high. We are now trading and formulating the opening
85 |84 |00:10:28 ~-~-> 00:10:32 |range. Okay, so the gap is the difference between where you settle at
86 |85 |00:10:32 ~-~-> 00:10:37 |regular trading session hours and where we opened so that is this. This is your
87 |86 |00:10:37 ~-~-> 00:10:42 |opening range gap. You
88 |87 |00:10:49 ~-~-> 00:10:53 |came back up almost three quarters of the way, if not actually three quarters
89 |88 |00:10:56 ~-~-> 00:11:01 |just fell short of that there. So I'm measuring the opening price to where we
90 |89 |00:11:01 ~-~-> 00:11:06 |closed previous session on record trading hours. We have relative equal
91 |90 |00:11:06 ~-~-> 00:11:11 |highs, and we didn't quite completely close that in it's the first few minutes
92 |91 |00:11:11 ~-~-> 00:11:20 |of trading. So I'm watching to see if we have any interest in doing that. Holy,
93 |92 |00:11:20 ~-~-> 00:11:25 |no hard bias right now, we have a little bit of cell side resting below these
94 |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
95 |94 |00:11:30 ~-~-> 00:11:34 |area here. As you know, there's no there's no load there. To the mark with
96 |95 |00:11:34 ~-~-> 00:11:40 |this one, it is this one and this one. So you use the lowest one. You take
97 |96 |00:11:40 ~-~-> 00:11:40 |that.
98 |97 |00:11:47 ~-~-> 00:11:48 |Don't want it red.
99 |98 |00:11:53 ~-~-> 00:12:02 |Okay, so we just came back up hit the new week, opening gap low here, and you
100 |99 |00:12:02 ~-~-> 00:12:05 |can see the response off the lower quadrant on the opening range gap, which
101 |100 |00:12:05 ~-~-> 00:12:07 |is shaded here in pink.
102 |101 |00:12:13 ~-~-> 00:12:21 |We just bang the bottom of the opening range gap low again, and the buy side is
103 |102 |00:12:21 ~-~-> 00:12:29 |here, sell side is down here, if they want to overshoot that how far can go
104 |103 |00:12:29 ~-~-> 00:12:34 |below here, you can touch the new day opening gap on August 16. So that's the
105 |104 |00:12:34 ~-~-> 00:12:38 |benefit of having these levels on a notepad or on your chart. Visual,
106 |105 |00:12:38 ~-~-> 00:12:40 |visually you I'm
107 |106 |00:12:51 ~-~-> 00:12:54 |just a little too busy for me. I'm gonna take that off, because it's distracting
108 |107 |00:12:54 ~-~-> 00:13:05 |to me. If it helps you, by all means, keeping your chart I'm these are the
109 |108 |00:13:05 ~-~-> 00:13:13 |lows where sell side is. So I'll annotate that you should be doing this
110 |109 |00:13:13 ~-~-> 00:13:16 |on your chart, not worrying about where I think it's going to go next. So you
111 |110 |00:13:16 ~-~-> 00:13:21 |can try to trade. We're doing that while you're watching my live streams, you're
112 |111 |00:13:21 ~-~-> 00:13:24 |not learning you're copycatting, and you're copycatting with limited
113 |112 |00:13:24 ~-~-> 00:13:27 |understanding of no idea what I'm talking about, why I'm even referring to
114 |113 |00:13:27 ~-~-> 00:13:33 |it. So that means you're gonna be in a high anxiety state of mind, hoping that
115 |114 |00:13:34 ~-~-> 00:13:38 |something magical happens, because you followed your impulse of nature, instead
116 |115 |00:13:38 ~-~-> 00:13:42 |of wanting to learn how to do this stuff for real without looking at my videos
117 |116 |00:13:42 ~-~-> 00:13:52 |ever again. That's your range for liquidity on both extremes. You have buy
118 |117 |00:13:52 ~-~-> 00:13:59 |side and sell side. So far, we have respected the opening range, failed to
119 |118 |00:13:59 ~-~-> 00:14:04 |get it to three quarters or upper quadrant level, consequent correction of
120 |119 |00:14:04 ~-~-> 00:14:10 |it. And do we want to sweep down, to engage this liquidity here, here, and
121 |120 |00:14:10 ~-~-> 00:14:16 |retap into that new day opening gap on the 16th? And then, should it do that? I
122 |121 |00:14:16 ~-~-> 00:14:21 |would expect it to try to make some kind of an attempt, technically, not the run
123 |122 |00:14:21 ~-~-> 00:14:24 |rate straight from there, but to give some kind of technical indication that
124 |123 |00:14:24 ~-~-> 00:14:27 |it may want to be interesting going up here. So that means I'm kind of
125 |124 |00:14:27 ~-~-> 00:14:35 |forecasting some idea technically that would potentially form, say, a very
126 |125 |00:14:35 ~-~-> 00:14:40 |small short term breaker, a shift in market structure, some kind of a fair
127 |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
128 |127 |00:14:49 ~-~-> 00:14:53 |gives that kind of technical formation After trading down in here, then I'd be
129 |128 |00:14:53 ~-~-> 00:14:58 |interested to see, does it start building all of those same things that
130 |129 |00:14:58 ~-~-> 00:15:02 |we look for in all the price run? From here all the way up, using every
131 |130 |00:15:02 ~-~-> 00:15:06 |reference point there, carried over here. Does it use it like a footing to
132 |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
133 |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
134 |133 |00:15:14 ~-~-> 00:15:17 |saying I'm only waiting to do that because right now, I'm waiting to see.
135 |134 |00:15:17 ~-~-> 00:15:21 |Does it want to trade down here? Now, when I say things like that, I see, I
136 |135 |00:15:21 ~-~-> 00:15:26 |see comments in my own videos, in my live stream, doesn't have a ability to
137 |136 |00:15:26 ~-~-> 00:15:31 |leave a comment, but usually they'll go to the most recent post on the Community
138 |137 |00:15:31 ~-~-> 00:15:36 |tab or the most recent video where comments can be left, and they'll say,
139 |138 |00:15:36 ~-~-> 00:15:40 |you know, he doesn't know what he referring to me. He doesn't know where
140 |139 |00:15:40 ~-~-> 00:15:44 |it's going. He doesn't have a trade you know, something to affect. And you you
141 |140 |00:15:44 ~-~-> 00:15:47 |really don't know what I'm doing, because you don't listen, just like the
142 |141 |00:15:47 ~-~-> 00:15:50 |individuals that are telling me this trade should have been taken because
143 |142 |00:15:50 ~-~-> 00:15:54 |you're supposed to be waiting for relative equal highs and relative equal
144 |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
145 |144 |00:15:59 ~-~-> 00:16:04 |talking about and why I'm talking about and the audience members. So there's the
146 |145 |00:16:04 ~-~-> 00:16:09 |reach below the sell side liquidity. So what you want to do is, for that, you
147 |146 |00:16:09 ~-~-> 00:16:17 |want to screenshot it and go into your 15 second and 32nd chart inside of the
148 |147 |00:16:17 ~-~-> 00:16:21 |opening range gap. We'll do that. How far can it trade below the sell side?
149 |148 |00:16:21 ~-~-> 00:16:25 |Liquidity? Uh, initially it can touch the new day opening gap here, as we just
150 |149 |00:16:25 ~-~-> 00:16:29 |saw here, you want to screenshot that on your chart, not my, not my live stream.
151 |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
152 |151 |00:16:32 ~-~-> 00:16:36 |you're supposed to do. Supposed to be doing this with your own charts. So a
153 |152 |00:16:36 ~-~-> 00:16:43 |price run from the new week opening gap low or, say, the lower quadrant, or the
154 |153 |00:16:43 ~-~-> 00:16:47 |consequent encroachment. That would be a nice run to go back and do a back study
155 |154 |00:16:47 ~-~-> 00:16:54 |on taking screenshots of it, looking for reasons why it would be a pass, like I
156 |155 |00:16:54 ~-~-> 00:16:58 |wouldn't take that trade, even though it delivered. Or this is what my entry
157 |156 |00:16:58 ~-~-> 00:17:01 |model looks like, because in the beginning, you're gonna have to try to
158 |157 |00:17:01 ~-~-> 00:17:05 |capture and collect a lot of this type of information to kind of like to
159 |158 |00:17:05 ~-~-> 00:17:11 |promote the idea of inspiration and keep you motivated, because you're not
160 |159 |00:17:11 ~-~-> 00:17:15 |watching a demo ticker go up and down with profit and loss. So it makes it
161 |160 |00:17:15 ~-~-> 00:17:21 |very boring. And that's okay, boring is good while you're learning, because
162 |161 |00:17:21 ~-~-> 00:17:24 |eventually to do everything right, this stuff can make you profit, and that
163 |162 |00:17:24 ~-~-> 00:17:29 |profit is only determined and limited by what you have put into it. So I want to
164 |163 |00:17:29 ~-~-> 00:17:38 |show you inside of this opening range gap, what makes it the opening range
165 |164 |00:17:38 ~-~-> 00:17:47 |gap. We have 930 and here. That's the opening price. That's what's being
166 |165 |00:17:47 ~-~-> 00:17:53 |anchored to, and the high is where we stop trading regular trading hours. So
167 |166 |00:17:53 ~-~-> 00:17:53 |real quick, let
168 |167 |00:17:53 ~-~-> 00:17:54 |me pop it up
169 |168 |00:17:56 ~-~-> 00:18:01 |here. That's this on Friday. So regular session trading settlement is 4:15pm
170 |169 |00:18:02 ~-~-> 00:18:07 |Eastern Time, even though electronic trading continues until 5pm then it
171 |170 |00:18:07 ~-~-> 00:18:13 |stops, and then, because Friday doesn't resume until 6pm Sunday, Eastern Time.
172 |171 |00:18:15 ~-~-> 00:18:22 |On any other day but Friday and or holiday, we have that 5pm stop and then
173 |172 |00:18:22 ~-~-> 00:18:27 |it resumes one hour later, at 6pm so it's very important you understand what
174 |173 |00:18:27 ~-~-> 00:18:30 |these levels and what I'm referring to this is the opening range gap, the
175 |174 |00:18:30 ~-~-> 00:18:36 |difference between where we settle at 4:15pm Eastern Time, And where we start
176 |175 |00:18:36 ~-~-> 00:18:44 |trading, regular trading hours, not electronic, regular trading hours. That
177 |176 |00:18:44 ~-~-> 00:18:49 |means we start trading at 930 opening bell. Eastern Time just starts ticking.
178 |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
179 |178 |00:18:56 ~-~-> 00:19:00 |want to make an attempt to get in here, find some footing inside of these wicks?
180 |179 |00:19:00 ~-~-> 00:19:03 |Why? Because there's consequence encroachment in that. And then maybe
181 |180 |00:19:03 ~-~-> 00:19:07 |wick out of that come back down and tap the new day opening gap high again and
182 |181 |00:19:07 ~-~-> 00:19:11 |start making some structure to maybe return back into the weak opening gap
183 |182 |00:19:11 ~-~-> 00:19:17 |low and get back in, potentially into this opening range gap. I'm not calling
184 |183 |00:19:17 ~-~-> 00:19:22 |that. I'm looking for reasons to hunt a setup should that form I've already
185 |184 |00:19:22 ~-~-> 00:19:27 |outlined where it was going to reach to. You're looking for reasons to justify
186 |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
187 |186 |00:19:33 ~-~-> 00:19:37 |nice rather, is that we've already had the sell off down into the liquidity we
188 |187 |00:19:37 ~-~-> 00:19:41 |were looking for, and we had these relative equal highs are just sitting
189 |188 |00:19:41 ~-~-> 00:19:47 |there now. Who's made money so far this morning? Shorts. So the initial opening
190 |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
191 |190 |00:19:52 ~-~-> 00:19:59 |that. Okay, there is no 15 minute opening range. That is something that is
192 |191 |00:19:59 ~-~-> 00:20:06 |a. Just a gimmick for to look different, to stand apart. I promise you, I promise
193 |192 |00:20:06 ~-~-> 00:20:12 |you, it's the first 30 minutes. That means 930, to 10. So you're best served
194 |193 |00:20:12 ~-~-> 00:20:17 |by not taking any entries in that first 30 minutes when your experience level is
195 |194 |00:20:17 ~-~-> 00:20:20 |nil zero, when you don't know what you're looking for, when you don't know
196 |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
197 |196 |00:20:24 ~-~-> 00:20:28 |30 minutes. Number one, it teaches you discipline. It teaches you patience. And
198 |197 |00:20:28 ~-~-> 00:20:32 |you're also going to filter out a lot of the fake price setups that you're
199 |198 |00:20:32 ~-~-> 00:20:36 |probably going to be impulsively chasing. Oh, I got to chase it. It's
200 |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
201 |200 |00:20:39 ~-~-> 00:20:44 |here. These are all the comments that I see in other people's YouTube channels,
202 |201 |00:20:45 ~-~-> 00:20:48 |leaving comments about me, or they'll leave it in my comment section. And you
203 |202 |00:20:49 ~-~-> 00:20:55 |don't know what you're talking about. What I'm teaching is how my son Caleb,
204 |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
205 |204 |00:21:00 ~-~-> 00:21:06 |of this that you understand. So to give him a framework to start with, what
206 |205 |00:21:06 ~-~-> 00:21:11 |should he start doing? What exercises should he and anyone else that wants to
207 |206 |00:21:11 ~-~-> 00:21:15 |do the same thing he's willing to go through? How do you start? How do you
208 |207 |00:21:15 ~-~-> 00:21:20 |start? ICT stuff. What videos should I watch? What should I you start here, I'm
209 |208 |00:21:20 ~-~-> 00:21:24 |literally talking to someone that's brand spanking new. Well, he's not brand
210 |209 |00:21:24 ~-~-> 00:21:27 |spanking new, but in terms of being able to go through it with a structured
211 |210 |00:21:27 ~-~-> 00:21:31 |approach, not just simply me telling my son, say, hey, go to my YouTube channel
212 |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
213 |212 |00:21:37 ~-~-> 00:21:42 |in very intimidating. So what I do, and how I taught people in the 90s was I
214 |213 |00:21:42 ~-~-> 00:21:45 |would sit down with them and say, Okay, here's what we're doing. We're watching
215 |214 |00:21:45 ~-~-> 00:21:51 |price action. And I would point out things like this, until you look at this
216 |215 |00:21:51 ~-~-> 00:22:00 |note this, watch this and see, does these things have a interest in in your
217 |216 |00:22:00 ~-~-> 00:22:03 |observation? Do you see something there that is obvious that would draw your
218 |217 |00:22:03 ~-~-> 00:22:07 |attention to it? See how fast we came right back up. New thing, range guy, Oct
219 |218 |00:22:07 ~-~-> 00:22:12 |is wrong. So many other jokers out there doing gold buck and supply and demand,
220 |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
221 |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
222 |221 |00:22:17 ~-~-> 00:22:23 |that trade. They're never gonna do that. So we're inside of the opening range
223 |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
224 |223 |00:22:30 ~-~-> 00:22:35 |delivered by a little bit more buy side still is inefficient until we touch the
225 |224 |00:22:35 ~-~-> 00:22:35 |high of that.
226 |225 |00:22:40 ~-~-> 00:22:46 |Now it can touch the new week opening gap low and wick just outside of it,
227 |226 |00:22:46 ~-~-> 00:22:49 |because we have a little bit of inefficiency. See that candles high
228 |227 |00:22:49 ~-~-> 00:22:55 |right there and where we are here, so it can go back down into this portion. The
229 |228 |00:22:55 ~-~-> 00:23:00 |wick can go below this new week opening gap and still maintain the structure
230 |229 |00:23:00 ~-~-> 00:23:05 |that's conducive for it to go back up here and challenge that buy side
231 |230 |00:23:05 ~-~-> 00:23:08 |liquidity that everybody feels safe right now. Would you feel safe if your
232 |231 |00:23:08 ~-~-> 00:23:11 |stop was there and you're short? Imagine that say you're short and you have a
233 |232 |00:23:11 ~-~-> 00:23:17 |stop loss right here, if your stop on a short position is sitting right there
234 |233 |00:23:17 ~-~-> 00:23:20 |and you didn't want to trail okay, because you didn't want to lock in
235 |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
236 |235 |00:23:29 ~-~-> 00:23:32 |a trade that's an unrealized In other words, you haven't closed the trade yet,
237 |236 |00:23:32 ~-~-> 00:23:38 |because you're trying to hold for a long type move, or whatever, 60% of
238 |237 |00:23:38 ~-~-> 00:23:42 |retracement on a trade and you didn't take any partials to me, is something I
239 |238 |00:23:42 ~-~-> 00:23:47 |would not be comfortable with, because, especially when you're first learning
240 |239 |00:23:47 ~-~-> 00:23:50 |how to trade, or you're trying to find a model or develop a model, or develop
241 |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
242 |241 |00:23:54 ~-~-> 00:23:58 |going to work with this until it proves that it's ineffective and or I find
243 |242 |00:23:58 ~-~-> 00:24:03 |something better In the process of using it, because that's, that's what my hope
244 |243 |00:24:03 ~-~-> 00:24:10 |is, what my son Caleb by forcing him to use the entry mechanism of the fair
245 |244 |00:24:10 ~-~-> 00:24:15 |value gap within the context of order flow, not the bullshit That's level two
246 |245 |00:24:15 ~-~-> 00:24:18 |and depth of market and volume profile, volume profiles, a bunch of bullshit
247 |246 |00:24:18 ~-~-> 00:24:21 |too. I might as well just toss that out there. I know I'm gonna break some
248 |247 |00:24:21 ~-~-> 00:24:24 |hearts. I don't give a fuck. Okay, because the little boys that Aaron other
249 |248 |00:24:24 ~-~-> 00:24:29 |YouTube channels, leave your comment in mind. Leave your comment on mine, and
250 |249 |00:24:29 ~-~-> 00:24:32 |I'll let it be seen, and then I'll challenge you openly to bring your
251 |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
252 |251 |00:24:36 ~-~-> 00:24:40 |or screen with your bullshit live, and I'll show you that you don't know shit.
253 |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
254 |253 |00:24:46 ~-~-> 00:24:50 |the fair value gap as an entry mechanism, initially, it may help him
255 |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
256 |255 |00:24:55 ~-~-> 00:25:00 |inversion fair value gap, that that might be his model. But because he. Has
257 |256 |00:25:00 ~-~-> 00:25:04 |the fear of it's too much information that is overload. I don't know what to
258 |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
259 |258 |00:25:07 ~-~-> 00:25:10 |my child, they're like, Man, where do I start with all this stuff? Because you
260 |259 |00:25:10 ~-~-> 00:25:14 |don't want to waste time. Well, there's no such thing as wasting time. Because
261 |260 |00:25:15 ~-~-> 00:25:20 |if you just start and start getting your hands in for price action, start looking
262 |261 |00:25:20 ~-~-> 00:25:24 |at what price is doing, and how these things are annotated in price, and how I
263 |262 |00:25:25 ~-~-> 00:25:30 |call your attention to it, you will, by default, build a baseline understanding,
264 |263 |00:25:30 ~-~-> 00:25:34 |and then that way, you'll be able to grow from there, regardless of what you
265 |264 |00:25:34 ~-~-> 00:25:38 |start with. If it order block its optimal trade entry, if it's you know,
266 |265 |00:25:40 ~-~-> 00:25:45 |whatever Yeah, the list is long, right? But whatever it is, as long as you start
267 |266 |00:25:46 ~-~-> 00:25:51 |that that gives you the baseline that the build on. But if you spend so much
268 |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
269 |268 |00:25:55 ~-~-> 00:25:59 |things, or I've read some negative stuff about him, Okay, you're the person I
270 |269 |00:25:59 ~-~-> 00:26:02 |don't want to because you didn't even bother to look and see if this stuff
271 |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
272 |271 |00:26:09 ~-~-> 00:26:17 |area here with this wick in closing price. This area here should not close
273 |272 |00:26:17 ~-~-> 00:26:22 |in now, because we already went back into the opening range gap. I'd like to
274 |273 |00:26:22 ~-~-> 00:26:25 |see a close above the consequent encroachment of that and then next
275 |274 |00:26:25 ~-~-> 00:26:29 |candle come down, fail to touch consequent encroachment, and then
276 |275 |00:26:29 ~-~-> 00:26:34 |springboard into upper quadrant of the new week, opening gap high and that mid
277 |276 |00:26:34 ~-~-> 00:26:39 |level between pathway and here, which would be upper quadrant, and build some
278 |277 |00:26:39 ~-~-> 00:26:44 |momentum and try to get into that buy side. And then once it should do that,
279 |278 |00:26:44 ~-~-> 00:26:47 |we'll drop down into the 15 second chart, and we'll look at where we have
280 |279 |00:26:47 ~-~-> 00:26:53 |traded from here, all of the turn here, and all the business here. And I'll show
281 |280 |00:26:53 ~-~-> 00:26:57 |you the way you would go back through and also how to use the information I
282 |281 |00:26:57 ~-~-> 00:27:00 |was shown as an actual live execution with
283 |282 |00:27:02 ~-~-> 00:27:03 |the anku earlier.
284 |283 |00:27:16 ~-~-> 00:27:23 |Damn ICT tell me my profile volume profiles it is you're looking at
285 |284 |00:27:23 ~-~-> 00:27:27 |gimmicks. You're not looking to press, but you say you're saying you're looking
286 |285 |00:27:27 ~-~-> 00:27:33 |at order flip. No, you're not looking no idea what you're doing. But it sounds
287 |286 |00:27:33 ~-~-> 00:27:38 |technical. It looks cool with all that horizontal, vertical volume notes and
288 |287 |00:27:38 ~-~-> 00:27:43 |all little highest, high and lowest of the volume. It sounds real technical and
289 |288 |00:27:43 ~-~-> 00:27:46 |none of that shit matters. Literally has nothing to do it,
290 |289 |00:27:52 ~-~-> 00:27:56 |alright, so we're able to get to the high of the opening range gap one more
291 |290 |00:27:56 ~-~-> 00:28:07 |time, tapping in here, look back where we are in this no actual fair value gap,
292 |291 |00:28:07 ~-~-> 00:28:13 |that small little separation right there. That's the only thing that my
293 |292 |00:28:13 ~-~-> 00:28:18 |jumps to, and that's about midpoint of that down closed candle. So in my mind,
294 |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
295 |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
296 |295 |00:28:29 ~-~-> 00:28:32 |take the buy side out and break the hearts of those that are short
297 |296 |00:28:34 ~-~-> 00:28:35 |because they're trying to fade.
298 |297 |00:28:37 ~-~-> 00:28:38 |Show me that video.
299 |298 |00:28:39 ~-~-> 00:28:40 |Show me that one
300 |299 |00:28:45 ~-~-> 00:28:49 |have so many people counseling me in the comment section too. You spend so much
301 |300 |00:28:49 ~-~-> 00:28:52 |time on the people that hate you, and you don't spend that much time and
302 |301 |00:28:52 ~-~-> 00:28:55 |people that love and support you. I'm spending more time for the people that
303 |302 |00:28:55 ~-~-> 00:28:59 |love and support me by actually doing the content that death goes without
304 |303 |00:28:59 ~-~-> 00:29:03 |saying. I'm just having fun with the people that think that I'm getting a
305 |304 |00:29:03 ~-~-> 00:29:05 |broken heart or anything they say, because it's nonsense, but it is
306 |305 |00:29:05 ~-~-> 00:29:12 |humorous. A lot. You should be thankful, because a lot of stuff spurs my
307 |306 |00:29:12 ~-~-> 00:29:20 |interest. I'm like, like, coming out here and rubbing their nose in it,
308 |307 |00:29:20 ~-~-> 00:29:27 |alright? So see the volume imbalance right here. Now with what we already
309 |308 |00:29:27 ~-~-> 00:29:32 |have in price, we came down here with below the new doping gap from August 16
310 |309 |00:29:33 ~-~-> 00:29:37 |King back, climbed all the way back up into the opening range gap, which is
311 |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
312 |311 |00:29:44 ~-~-> 00:29:50 |little business here. This, to me, is a little porous, because we had these two
313 |312 |00:29:50 ~-~-> 00:29:54 |candles in here, even though the opening of this candle and this close of this
314 |313 |00:29:54 ~-~-> 00:29:58 |candle are essentially the same, this sputtering, this like little bit of
315 |314 |00:29:58 ~-~-> 00:30:05 |pause about any body. Forming kind of like in my mind, thinks it has to
316 |315 |00:30:05 ~-~-> 00:30:09 |deliver a couple times in that in that area, again, you can see we had it here.
317 |316 |00:30:09 ~-~-> 00:30:13 |We had a buy side. Here we open traded back down, and we open trade rate one
318 |317 |00:30:13 ~-~-> 00:30:16 |more time up. So we're getting that return back into the opening range. So
319 |318 |00:30:16 ~-~-> 00:30:19 |that's what I'm saying. We have, we have to get through this area here. I
320 |319 |00:30:36 ~-~-> 00:30:41 |i get a couple every time I open more water get a drink, the clicking in that
321 |320 |00:30:42 ~-~-> 00:30:46 |same that would, that would get on my nerves, and I was listening to someone
322 |321 |00:30:46 ~-~-> 00:30:53 |else. So I'm trying to make myself grateful that I always say it. I just
323 |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
324 |323 |00:30:58 ~-~-> 00:30:58 |stream to i
325 |324 |00:31:12 ~-~-> 00:31:18 |for your notes, also just know that the Jackson Hole symposium, whenever that
326 |325 |00:31:18 ~-~-> 00:31:24 |occurs in price action, you're going to get a lot of overlapping price delivery.
327 |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
328 |327 |00:31:29 ~-~-> 00:31:35 |over ranges that would otherwise in any idea climate. It wouldn't generally do
329 |328 |00:31:35 ~-~-> 00:31:41 |that so frequently, so often, but that's just the characteristic for this event
330 |329 |00:31:41 ~-~-> 00:31:46 |that takes place, and what is the Jackson Hole symposium. It's a bunch of
331 |330 |00:31:46 ~-~-> 00:31:52 |Jokers that come together, okay? And they, they look at trends, they look at
332 |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
333 |332 |00:32:02 ~-~-> 00:32:06 |fraternize with, and I would never fraternize with, and they're like they
334 |333 |00:32:06 ~-~-> 00:32:12 |think to themselves as they're the the elites or whatever, and they look at how
335 |334 |00:32:12 ~-~-> 00:32:16 |they can push things around, I guess, that way. Now you might not hear it
336 |335 |00:32:16 ~-~-> 00:32:22 |described that way, but that's really what this but because of that, there's
337 |336 |00:32:22 ~-~-> 00:32:28 |people that are always sitting outside waiting for someone to drag to the side
338 |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
339 |338 |00:32:31 ~-~-> 00:32:36 |the hot buttons this time? What are we listening for? What are the directions?
340 |339 |00:32:36 ~-~-> 00:32:42 |And in all this this time? And sometimes they're very closed lit sometimes other
341 |340 |00:32:42 ~-~-> 00:32:47 |people like tossing out hints and news wires, or people that are pumping that
342 |341 |00:32:47 ~-~-> 00:32:51 |kind of information out, they will do that with the expectation, in hopes that
343 |342 |00:32:51 ~-~-> 00:32:56 |it will spur on market sentiment or disrupt market sentiment. Again, I could
344 |343 |00:32:56 ~-~-> 00:33:00 |care less. Price is either going to tell me or I'm not doing anything with it.
345 |344 |00:33:00 ~-~-> 00:33:04 |And that's makes it a whole lot easier. It doesn't complicate things, because
346 |345 |00:33:04 ~-~-> 00:33:07 |soon as you start asking for what do you think's happening? What do you think?
347 |346 |00:33:07 ~-~-> 00:33:10 |Who gives a shit? What they're thinking the market's going to do, what the
348 |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
349 |348 |00:33:18 ~-~-> 00:33:22 |we're spending a little bit more time, more time in the opening range than I
350 |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
351 |350 |00:33:30 ~-~-> 00:33:37 |giddy up and go and not do a close below the midpoint of that wick right here.
352 |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
353 |352 |00:33:41 ~-~-> 00:33:44 |thing. But I would, I wouldn't personally want to be interested in
354 |353 |00:33:44 ~-~-> 00:33:50 |seeing anything on a close below the midpoint of that. I'd like to see this
355 |354 |00:33:50 ~-~-> 00:33:53 |stay open. If it comes down and hits it and rejects. That's another entirely
356 |355 |00:33:55 ~-~-> 00:34:00 |supporting thing that would be in the delivery. But still, I wouldn't want to
357 |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
358 |357 |00:34:03 ~-~-> 00:34:12 |here. I'd like to see it support Wick here with no clothes below. Excuse me.
359 |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
360 |359 |00:34:24 ~-~-> 00:34:24 |wick
361 |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
362 |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
363 |362 |00:34:40 ~-~-> 00:34:46 |of overlapping price delivery, back and forth, back and forth. That's usually
364 |363 |00:34:46 ~-~-> 00:34:52 |what you get on the week that Jackson Hole symposium unfolds. It's it's just
365 |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
366 |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
367 |366 |00:35:00 ~-~-> 00:35:07 |years that I tend to notice. So how, how could you use that information you need
368 |367 |00:35:07 ~-~-> 00:35:10 |to be if you're going to be trading at all during the week of Jackson Hole,
369 |368 |00:35:10 ~-~-> 00:35:15 |especially during the days like day one, day two, day three of this week. You
370 |369 |00:35:15 ~-~-> 00:35:20 |want to be thinking about where your first line of partials are going to be,
371 |370 |00:35:20 ~-~-> 00:35:24 |and don't think, well, I'm going to outsmart the market. And while that
372 |371 |00:35:24 ~-~-> 00:35:27 |would be a wonderful place to take a partial I'm going to be a little bit
373 |372 |00:35:27 ~-~-> 00:35:30 |more greedier. I need to hold for a larger trade. I need to impress somebody
374 |373 |00:35:30 ~-~-> 00:35:35 |else, and that's something you shouldn't be trying to do. You want to find a
375 |374 |00:35:35 ~-~-> 00:35:42 |level that's easy, low threshold, and then get out and take some part partial
376 |375 |00:35:42 ~-~-> 00:35:45 |profits, because, if not, what will happen is you'll be in some really nice
377 |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
378 |377 |00:35:51 ~-~-> 00:35:55 |inefficiency or something effective at discount. And it'll feel wonderful while
379 |378 |00:35:55 ~-~-> 00:35:59 |you're in it. And it could be delivering rather quickly, but then it'll
380 |379 |00:35:59 ~-~-> 00:36:04 |completely overlap all that run again, and if you chilled your stop, you'll get
381 |380 |00:36:04 ~-~-> 00:36:08 |knocked out with nothing, or you'll get stopped out because you're trying to
382 |381 |00:36:08 ~-~-> 00:36:13 |hold on to something that isn't going to deliver in one way, delivery like one
383 |382 |00:36:13 ~-~-> 00:36:17 |sidedness. It's going to be back and forth, and it's going to completely
384 |383 |00:36:17 ~-~-> 00:36:24 |overlap a price run that you wouldn't generally expect it to do. There is no
385 |384 |00:36:24 ~-~-> 00:36:28 |other time of the year or any kind of other event that I've noticed that it
386 |385 |00:36:28 ~-~-> 00:36:33 |has that characteristic. It's just something that I've never seen anybody
387 |386 |00:36:33 ~-~-> 00:36:37 |else refer to it or whatever. But it'll it'll be something everybody talks about
388 |387 |00:36:37 ~-~-> 00:36:41 |now, but I want you to look at it this weekend. Go back over your charts, and
389 |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
390 |389 |00:36:45 ~-~-> 00:36:49 |goes to Significant targets or objectives. You
391 |390 |00:37:22 ~-~-> 00:37:27 |Yeah, I wish this thing to the fellow that made this one. I'm not sure which
392 |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
393 |392 |00:37:33 ~-~-> 00:37:41 |person or the account for trading view or pester. I don't know. I guess it's
394 |393 |00:37:41 ~-~-> 00:37:48 |what they call themselves. If you could make this bigger, because the large is,
395 |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
396 |395 |00:37:53 ~-~-> 00:37:59 |I'm doing something incorrect. So if I'm doing it incorrectly, send me a video
397 |396 |00:37:59 ~-~-> 00:38:04 |with a short, little private video uploaded to YouTube. If you send me
398 |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
399 |398 |00:38:09 ~-~-> 00:38:12 |open that up, because you might be sending me a virus, and I'm not trying
400 |399 |00:38:12 ~-~-> 00:38:17 |to do all that business, but if you send me a YouTube link to a private video,
401 |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
402 |401 |00:38:22 ~-~-> 00:38:26 |all that stuff, but if you can make it larger, and I mean, like from like, from
403 |402 |00:38:26 ~-~-> 00:38:33 |here to here. So about that broad, that's what I want on the chart. If you
404 |403 |00:38:33 ~-~-> 00:38:36 |go back and look at my other videos, or actually type out the watermark itself
405 |404 |00:38:36 ~-~-> 00:38:43 |as an overlay, I put that watermark as an overlay on the Camtasia Recording so
406 |405 |00:38:43 ~-~-> 00:38:47 |it's technically not there when I'm recording, and then I overlay it and
407 |406 |00:38:48 ~-~-> 00:38:53 |reduce the opaqueness and that size is what I'm looking for. I haven't looked
408 |407 |00:38:53 ~-~-> 00:38:58 |at every single one of the trading view indicators that do a watermark, so just
409 |408 |00:38:58 ~-~-> 00:39:01 |know that these are going to mess around with. Not that anyone recommend either
410 |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
411 |410 |00:39:09 ~-~-> 00:39:14 |to even bother doing it, but the people with less class and bottom feeders, they
412 |411 |00:39:14 ~-~-> 00:39:18 |like to take people's content, especially mine, if I'm executing, if
413 |412 |00:39:18 ~-~-> 00:39:20 |I'm highlighting something, and they could put it on their social media
414 |413 |00:39:20 ~-~-> 00:39:24 |account that's pretending to be me, and it makes it look like it's really me.
415 |414 |00:39:24 ~-~-> 00:39:29 |It's really not just take something I've already produced.
416 |415 |00:39:36 ~-~-> 00:39:39 |So see how we're back and forth. Everything's overlapping the previous
417 |416 |00:39:39 ~-~-> 00:39:47 |short term run. I And if you're expecting new that real nice one
418 |417 |00:39:47 ~-~-> 00:39:55 |directional price runs during the week of Jackson Hole is going to frustrate
419 |418 |00:39:55 ~-~-> 00:39:59 |you, because this is what I've encountered now, is it every single week
420 |419 |00:39:59 ~-~-> 00:40:04 |that it does? That when it's Jackson Hole, no. But predominantly I, I have
421 |420 |00:40:04 ~-~-> 00:40:10 |learned that trades will come back on me deeper and run right back over top of
422 |421 |00:40:10 ~-~-> 00:40:16 |the short term price legs and if any other instances of me where I will roll
423 |422 |00:40:16 ~-~-> 00:40:22 |the stop and cover costs, cover commissions, cover, you know, whatever,
424 |423 |00:40:24 ~-~-> 00:40:30 |they generally will come back and hit that stop loss because of this is the
425 |424 |00:40:30 ~-~-> 00:40:36 |climate that it creates. So if you're going to trade, you want to be looking
426 |425 |00:40:36 ~-~-> 00:40:42 |for, if you're in a long soon as it trades into a premium inefficiency. That
427 |426 |00:40:42 ~-~-> 00:40:47 |means a sell side of balance, buy side and efficiency, or a short term high. If
428 |427 |00:40:47 ~-~-> 00:40:52 |it clears a short term high, you better take something off. And if you don't,
429 |428 |00:40:52 ~-~-> 00:40:56 |you're literally asking for the market to take every opportunity for you to
430 |429 |00:40:56 ~-~-> 00:41:02 |find profit away, only during this given week, though, there's no other there's
431 |430 |00:41:02 ~-~-> 00:41:05 |no other climate. There's another thing that goes on in the economic calendar
432 |431 |00:41:05 ~-~-> 00:41:09 |that I have that same observation with. So it's just a matter of everything
433 |432 |00:41:09 ~-~-> 00:41:14 |redelivers back and forth, and it generally does it the week of Jackson
434 |433 |00:41:14 ~-~-> 00:41:18 |Hole. So when can you expect seek and destroy
435 |434 |00:41:20 ~-~-> 00:41:21 |Jackson Hole,
436 |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
437 |436 |00:41:27 ~-~-> 00:41:31 |think it's there until it's actually stopped you out several times. And the
438 |437 |00:41:31 ~-~-> 00:41:35 |worst thing you can do is over trade on this week. So know what you're looking
439 |438 |00:41:35 ~-~-> 00:41:38 |for. What's the easiest, low hanging fruit objective? Say, for instance, you
440 |439 |00:41:39 ~-~-> 00:41:45 |you felt strongly that this, this turn down here was something be noteworthy.
441 |440 |00:41:46 ~-~-> 00:41:50 |And we thought that the opening range gap could be a nice draw. Well, when we
442 |441 |00:41:50 ~-~-> 00:41:53 |ran up into a here, you create a short term high and didn't completely close
443 |442 |00:41:53 ~-~-> 00:41:57 |into the top of it. When it trades back down, soon as it crossed it right there,
444 |443 |00:41:57 ~-~-> 00:42:01 |that would have been a partial. I was pulling your attention here. It needed
445 |444 |00:42:01 ~-~-> 00:42:05 |to get through that. It went right up in that area stagnated and then rolled down
446 |445 |00:42:05 ~-~-> 00:42:09 |three quarters of the opening range gap, lower quadrant, the opening range gap
447 |446 |00:42:10 ~-~-> 00:42:14 |and failure to get to the new week opening gap, low or touch the opening
448 |447 |00:42:14 ~-~-> 00:42:19 |range gap and displacement to downside. So watch this wick in here. This is the
449 |448 |00:42:19 ~-~-> 00:42:20 |lowest one
450 |449 |00:42:26 ~-~-> 00:42:28 |again. These are my fifth settings that we can See it. I'm
451 |450 |00:43:01 ~-~-> 00:43:05 |so far, we cleared the rejection block, which is the lowest down closed candle
452 |451 |00:43:05 ~-~-> 00:43:09 |in the swing here, we swept that there.
453 |452 |00:43:14 ~-~-> 00:43:19 |Do you feel safe if you were short up here, if you shorted in here with your
454 |453 |00:43:19 ~-~-> 00:43:29 |stop loss, right there? Would you feel safe? What if you didn't sell sell short
455 |454 |00:43:29 ~-~-> 00:43:35 |there, but then you sold short here? Would you feel safe with your stop loss?
456 |455 |00:43:35 ~-~-> 00:43:35 |Right here?
457 |456 |00:43:42 ~-~-> 00:44:01 |I I probably shouldn't shuffle carts. You're going to hear that and think,
458 |457 |00:44:02 ~-~-> 00:44:02 |what's he doing?
459 |458 |00:44:15 ~-~-> 00:44:20 |Leave a comment, even though nobody else sees them. On my most recent community
460 |459 |00:44:20 ~-~-> 00:44:25 |post, leave a comment and tell me, do you fidget while you're watching price
461 |460 |00:44:25 ~-~-> 00:44:29 |action and or trading? And if not, what are your hands doing? And don't be
462 |461 |00:44:29 ~-~-> 00:44:35 |obscene. I touch myself. I see some of you gonna use the opportunity. Of
463 |462 |00:44:35 ~-~-> 00:44:38 |course, I'm touching myself. I bought Deadpool too, right? That that's not
464 |463 |00:44:38 ~-~-> 00:44:40 |what I'm inviting me to do.
465 |464 |00:44:42 ~-~-> 00:44:50 |You guys are creepy. Note that volume imbalance right there.
466 |465 |00:44:59 ~-~-> 00:45:35 |I. See where the bodies are closed at right inside that volume of balance,
467 |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
468 |467 |00:45:42 ~-~-> 00:45:46 |that's the part when candles are are open and they're still forming. They
469 |468 |00:45:46 ~-~-> 00:45:51 |haven't settled and closed and started a new candle. That's the stuff in a book
470 |469 |00:45:51 ~-~-> 00:45:57 |that can't be like you can't get that information shared with you watching,
471 |470 |00:45:58 ~-~-> 00:46:02 |oh, not watching, but reading a book with static charts, even if I did a
472 |471 |00:46:02 ~-~-> 00:46:07 |multiple series of updating of I think about how long the book would be if I
473 |472 |00:46:07 ~-~-> 00:46:11 |was showing you a candlestick and screenshotting every fluctuation while
474 |473 |00:46:11 ~-~-> 00:46:16 |the candlestick was still active, what it would look like and how it's morphing
475 |474 |00:46:16 ~-~-> 00:46:20 |like that that I just don't know how. I don't know how to communicate that
476 |475 |00:46:21 ~-~-> 00:46:25 |outside of actually watching price action with you and observing and
477 |476 |00:46:25 ~-~-> 00:46:29 |pointing and saying, Look what it's doing here and or look how it just did
478 |477 |00:46:29 ~-~-> 00:46:32 |that. When we were watching this candle, we were watching reads for this, you're
479 |478 |00:46:32 ~-~-> 00:46:36 |watching it reach for that. That's that's an organic study that you can't
480 |479 |00:46:36 ~-~-> 00:46:41 |replicate that. And even Market Replay doesn't, doesn't do it. It does not do
481 |480 |00:46:41 ~-~-> 00:46:46 |it. So you have to have someone that's sitting with you live pointing out
482 |481 |00:46:46 ~-~-> 00:46:50 |certain things in price action that are salient to why things should or
483 |482 |00:46:50 ~-~-> 00:46:51 |shouldn't behave.
484 |483 |00:47:00 ~-~-> 00:47:08 |But you have to watch it and also relax and know that the wicks are going to
485 |484 |00:47:08 ~-~-> 00:47:13 |reach outside the levels that you want to see them stay within. And that's one
486 |485 |00:47:13 ~-~-> 00:47:16 |of the things you're going to have to get comfortable with Caleb, because when
487 |486 |00:47:16 ~-~-> 00:47:20 |you're looking at price, you know, the first time I showed him a fair value
488 |487 |00:47:20 ~-~-> 00:47:24 |guy, he thought that, you know, by me describing it should go right in there.
489 |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
490 |489 |00:47:28 ~-~-> 00:47:34 |the middle completely overlap it perfectly, and then move to the higher
491 |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
492 |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
493 |492 |00:47:43 ~-~-> 00:47:48 |outside the lowest boundary of it, and the body of the candle is still active
494 |493 |00:47:48 ~-~-> 00:47:53 |because it hasn't closed yet, but it's just outside of it. He's like, Okay,
495 |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
496 |495 |00:47:58 ~-~-> 00:48:02 |up? Because look what it went outside. No, that's the part you have to submit
497 |496 |00:48:02 ~-~-> 00:48:08 |to, like you have to watch these things. And when you see that it's just forming
498 |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
499 |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
500 |499 |00:48:17 ~-~-> 00:48:23 |the wick. So you can't appreciate that unless you sit here and watch very low
501 |500 |00:48:23 ~-~-> 00:48:27 |time frame charts, because you get lots of examples of it. Look at the reaction
502 |501 |00:48:27 ~-~-> 00:48:32 |off that volume. Look how the body's closed right at it. See that you're
503 |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
504 |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
505 |504 |00:48:44 ~-~-> 00:48:48 |the midpoint of that. So let's highlight that. We don't want to see that
506 |505 |00:48:48 ~-~-> 00:48:53 |breached, because we've been here multiple times now, no close below it.
507 |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
508 |507 |00:48:57 ~-~-> 00:49:00 |touch it. Now, it needs to be responsive. We don't want to see it come
509 |508 |00:49:00 ~-~-> 00:49:04 |back down below the new week opening gap low, which is this level here on a
510 |509 |00:49:04 ~-~-> 00:49:09 |closing basis. We don't want that all of this while the candles open completely
511 |510 |00:49:09 ~-~-> 00:49:13 |normal. Nothing to be worried about, nothing to be concerned about. It's
512 |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
513 |512 |00:49:17 ~-~-> 00:49:21 |candlestick the opportunity to go down there or go up there to form the wick.
514 |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
515 |514 |00:49:25 ~-~-> 00:49:29 |going to humble you fast, and it's going to make you frustrated. It's going to
516 |515 |00:49:29 ~-~-> 00:49:32 |make you feel like you're never going to be able to trust anything reading price
517 |516 |00:49:32 ~-~-> 00:49:38 |action. See what this did. There's the wick formation. We opened, touched one
518 |517 |00:49:38 ~-~-> 00:49:44 |more time, the consequent encroachment of that opening range, gap delivery.
519 |518 |00:49:44 ~-~-> 00:49:48 |Here's now. It needs to speed up right above here. And the for the folks that
520 |519 |00:49:48 ~-~-> 00:49:53 |had their stop loss here, their hearts are broken, we're gonna fade. ICT, I'm
521 |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
522 |521 |00:49:56 ~-~-> 00:50:01 |not doing that shit today. Are you here? Is i? The buy stops that are resting by
523 |522 |00:50:01 ~-~-> 00:50:03 |the relative equal highs.
524 |523 |00:50:10 ~-~-> 00:50:14 |And as I'm pointing out, things okay, what you should be doing as a viewer,
525 |524 |00:50:15 ~-~-> 00:50:20 |and what Caleb should be doing is when I mentioned something okay, for instance,
526 |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
527 |526 |00:50:24 ~-~-> 00:50:31 |gap on August 16, it can trade down that you can trade down into that below these
528 |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
529 |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?
530 |529 |00:50:42 ~-~-> 00:50:46 |No, it doesn't get stale around here. But then you have this swing low here,
531 |530 |00:50:47 ~-~-> 00:50:52 |so we have sell side that can tap into an old, new day opening gap. But what
532 |531 |00:50:52 ~-~-> 00:50:58 |did I teach you last week? What's that teach you about that that we can see
533 |532 |00:50:58 ~-~-> 00:51:03 |them, trade through them, and then you want to see how they behave once it does
534 |533 |00:51:03 ~-~-> 00:51:10 |it, we're not always expecting a stop and turn no further run through nothing
535 |534 |00:51:10 ~-~-> 00:51:15 |that's demanding precision, like that. Entries. You can frame entries with
536 |535 |00:51:15 ~-~-> 00:51:21 |precision elements, but we're looking for a bias. We're looking for some kind
537 |536 |00:51:21 ~-~-> 00:51:25 |of like a sentiment to shift in the marketplace, but we have to allow the
538 |537 |00:51:25 ~-~-> 00:51:30 |market to deliver to these inefficiencies again, and if it's going
539 |538 |00:51:30 ~-~-> 00:51:34 |to go through them, which is a normal characteristic, especially if we're
540 |539 |00:51:34 ~-~-> 00:51:40 |anticipating a early session, start to determining a bias, well, we wait for it
541 |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
542 |541 |00:51:43 ~-~-> 00:51:50 |the left of this relative equal lows and their sell side? So at that price level,
543 |542 |00:51:50 ~-~-> 00:51:58 |right there, we have 562 market drops all the way down, clearing out all the
544 |543 |00:51:58 ~-~-> 00:52:04 |way to 544 and a half. So it's allowing for any liquidity that would have been
545 |544 |00:52:04 ~-~-> 00:52:10 |trailed from that low. They cleared that out, took it all the way back up to
546 |545 |00:52:10 ~-~-> 00:52:13 |opening range. Gap failed in that little area I told you we need to get through.
547 |546 |00:52:15 ~-~-> 00:52:20 |Broke lower, broke lower, swept one more time. Rejection block didn't get the
548 |547 |00:52:20 ~-~-> 00:52:25 |consequence. Encroachment that wick. Notice that we didn't get the consequent
549 |548 |00:52:25 ~-~-> 00:52:32 |encroachment of the lesser wick either. See that? Oops. Every single time I do
550 |549 |00:52:32 ~-~-> 00:52:37 |this, it jumps, every time it goes to uh, just short of the uh, where's that?
551 |550 |00:52:37 ~-~-> 00:52:43 |Right at the quadrant. Let me see what is that? Yeah, it's got it hit it
552 |551 |00:52:43 ~-~-> 00:52:48 |perfectly to the tick. So the quadrant on the initial wick hits it perfectly to
553 |552 |00:52:48 ~-~-> 00:52:53 |the tick. I'm watching the low. So if you look up here, that that price right
554 |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
555 |554 |00:52:58 ~-~-> 00:53:03 |quarter, and the upper quadrant levels 560, and quarter for this wick. See that
556 |555 |00:53:03 ~-~-> 00:53:07 |that's just probably random. But the point is is we didn't get to what level.
557 |556 |00:53:08 ~-~-> 00:53:13 |It's midpoint on either this wick or that one. It stopped went right to the
558 |557 |00:53:13 ~-~-> 00:53:16 |rejection block, which is why I was mentioning so we just cleared the
559 |558 |00:53:16 ~-~-> 00:53:21 |rejection block. Watch that wick. So your observation and your takeaway for
560 |559 |00:53:21 ~-~-> 00:53:27 |this is you want to annotate how this low stopped directly at that Wix
561 |560 |00:53:27 ~-~-> 00:53:33 |quadrant, upper quadrant, and did not touch its midpoint. See that. And then,
562 |561 |00:53:34 ~-~-> 00:53:40 |how fast did it run? Where did it go to? Where are the bodies right now, we
563 |562 |00:53:40 ~-~-> 00:53:44 |cleared the short term high rate there, but we're working inside the opening
564 |563 |00:53:44 ~-~-> 00:53:50 |range gap, the difference between Friday's settlement price at 4:15pm and
565 |564 |00:53:51 ~-~-> 00:53:56 |since there's no technical opening price at 415 it's the settlement at 414 and it
566 |565 |00:53:56 ~-~-> 00:53:59 |just doesn't get you in on The candlestick when it's record trading
567 |566 |00:53:59 ~-~-> 00:54:10 |hours, meaning this, see the time at the bottom chart, 4:15pm Friday, August 16.
568 |567 |00:54:11 ~-~-> 00:54:17 |And then the next candles formation is on Monday, at 9:30am and then we traded
569 |568 |00:54:17 ~-~-> 00:54:22 |up so we've completely overlapped all this, and we're banging up against the
570 |569 |00:54:22 ~-~-> 00:54:26 |high of the opening range gap, which is the settlement on regular trading hours
571 |570 |00:54:26 ~-~-> 00:54:31 |on Friday. See that you're spending a lot of time in here. I would not bet
572 |571 |00:54:31 ~-~-> 00:54:39 |against that clearing a higher high. I just wouldn't bet against it. And then
573 |572 |00:54:39 ~-~-> 00:54:43 |we have electronic trading hours, and the chart looks completely different,
574 |573 |00:54:45 ~-~-> 00:54:49 |and it's very confusing for someone, but that's the reason why you have to you
575 |574 |00:54:49 ~-~-> 00:54:55 |have to know what you're looking at in relationship to time, visually showing
576 |575 |00:54:55 ~-~-> 00:54:59 |price action around regular trading hours and electronic trading hours.
577 |576 |00:55:00 ~-~-> 00:55:06 |Hours, you have to get used to seeing that, and also while you're watching
578 |577 |00:55:06 ~-~-> 00:55:10 |price action, if you're trading like the afternoon, or if you're trading in
579 |578 |00:55:12 ~-~-> 00:55:16 |latter portions of the morning session and you're in lower time frames, if
580 |579 |00:55:16 ~-~-> 00:55:19 |you're toggling back and forth between electronic trading hours, this is what
581 |580 |00:55:19 ~-~-> 00:55:24 |I'm showing you here now in record trading hours. I've done this in the
582 |581 |00:55:24 ~-~-> 00:55:30 |past where I've referenced something, and because I referenced it on either
583 |582 |00:55:30 ~-~-> 00:55:35 |electronic trading or regulator trading hours, I mistakenly put more emphasis on
584 |583 |00:55:35 ~-~-> 00:55:39 |something that should not have had the emphasis placed on it, and discovered,
585 |584 |00:55:39 ~-~-> 00:55:43 |oh, there you go, I made a mistake by having either regular trading hours on
586 |585 |00:55:43 ~-~-> 00:55:48 |or electronic trading hours on, and I messed I messed up either the trade or
587 |586 |00:55:48 ~-~-> 00:55:54 |missed the trade entirely. So that's the aspect of human frailty that's going to
588 |587 |00:55:54 ~-~-> 00:55:57 |come into your trading as well. Just be mindful while you're toggling back and
589 |588 |00:55:57 ~-~-> 00:56:01 |forth. I always tell myself, as a result of those instances, I tell myself
590 |589 |00:56:01 ~-~-> 00:56:04 |outliers I'm doing, even when I'm not live streaming or recording something,
591 |590 |00:56:05 ~-~-> 00:56:07 |I'll say, Okay, I'm back in electronic trading hours. And then I say it again
592 |591 |00:56:07 ~-~-> 00:56:11 |and I double check my scene. It says eth, because otherwise it'll mess me all
593 |592 |00:56:11 ~-~-> 00:56:16 |up. So when I was talking about the Jackson Hole symposium and the
594 |593 |00:56:16 ~-~-> 00:56:21 |characteristic of that week, what does price do? It overlaps back and forth the
595 |594 |00:56:21 ~-~-> 00:56:22 |previous run.
596 |595 |00:56:28 ~-~-> 00:56:35 |930 we drop down. Overlap that entire run here, okay, we drop down here,
597 |596 |00:56:36 ~-~-> 00:56:41 |overlap the entire run right above this high. And now what are we doing? We're
598 |597 |00:56:41 ~-~-> 00:56:46 |overlapping all this price from here, you see how fast this can frustrate you.
599 |598 |00:56:47 ~-~-> 00:56:51 |Very, very frustrating. And it's explained to you in advance, real time
600 |599 |00:56:51 ~-~-> 00:56:57 |over live price action. Why do you talk so much? ICT, because I want my
601 |600 |00:56:57 ~-~-> 00:57:02 |children, who are always the that's the that's the audience of my videos, every
602 |601 |00:57:02 ~-~-> 00:57:06 |single presentation I've ever recorded, they're always for my children. So
603 |602 |00:57:06 ~-~-> 00:57:11 |because I care about them and I want them to know everything, I give them all
604 |603 |00:57:11 ~-~-> 00:57:15 |of the bits and pieces and all those bits and pieces that get shit upon and
605 |604 |00:57:16 ~-~-> 00:57:18 |cast it aside by assholes that don't know what the fuck they're doing and
606 |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
607 |606 |00:57:23 ~-~-> 00:57:26 |do anything. I'm going to still deliver the way I'm going to deliver, because
608 |607 |00:57:26 ~-~-> 00:57:31 |I'm making these for them. And what are we doing? We redelivering all of this
609 |608 |00:57:31 ~-~-> 00:57:38 |run from here to here. We're overlapping it now. Watch the wick. This one here,
610 |609 |00:57:38 ~-~-> 00:57:46 |we just touched it there, and the larger one right there.
611 |610 |00:57:52 ~-~-> 00:57:52 |And this one I'm
612 |611 |00:57:55 ~-~-> 00:58:00 |just gonna eyeball, agreed there, we'll call that low, just below that low, the
613 |612 |00:58:00 ~-~-> 00:58:04 |consequent version of that wick, so it can spike up with a wick, touch that
614 |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
615 |614 |00:58:09 ~-~-> 00:58:12 |lower. That'd be good if you see a sustainable price run.
616 |615 |00:58:19 ~-~-> 00:58:24 |Then so many subtle nuances, the trading you thought it was just five minutes
617 |616 |00:58:24 ~-~-> 00:58:29 |over, so when it's over, but where's the diversions?
618 |617 |00:58:34 ~-~-> 00:58:40 |Knowing how you're going to get burned, knowing how the market will stick around
619 |618 |00:58:40 ~-~-> 00:58:46 |here, how the market will behave, what characteristics remember my lectures
620 |619 |00:58:46 ~-~-> 00:58:55 |around FOMC? Okay, like we have FOMC minutes this week. That's not the same
621 |620 |00:58:55 ~-~-> 00:59:00 |thing as a rate announcement. It's just the minutes. So it's not as impactful as
622 |621 |00:59:00 ~-~-> 00:59:05 |money go rate announcement and a policy statement. At two o'clock, there's an
623 |622 |00:59:05 ~-~-> 00:59:12 |initial run, and then at 230 it usually, not always. Usually it's going against
624 |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
625 |624 |00:59:17 ~-~-> 00:59:21 |a two stage delivery. So going into two o'clock, and until o'clock at 230
626 |625 |00:59:22 ~-~-> 00:59:27 |whatever you see there, directionally, generally, you have about 70% likelihood
627 |626 |00:59:28 ~-~-> 00:59:30 |that it's going to do the opposite direction, and it's going to be
628 |627 |00:59:30 ~-~-> 00:59:37 |extremely, much more exaggerated, going the other direction. So it'll it'll re
629 |628 |00:59:37 ~-~-> 00:59:42 |reverse, and do the opposite direction and go the biggest mood of the day will
630 |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
631 |630 |00:59:45 ~-~-> 00:59:51 |we do the conference portion of the PALS like me, he must be watching my live
632 |631 |00:59:51 ~-~-> 00:59:57 |streams and videos. He likes to talk and he he's the longest winded, Fed Chairman
633 |632 |00:59:57 ~-~-> 01:00:01 |that we've ever had, that I can't remember. And. I prefer Bernanke, but
634 |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
635 |634 |01:00:05 ~-~-> 01:00:09 |like yelling, and I don't like pow, but pal means cut from the same cloth. He
636 |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
637 |636 |01:00:14 ~-~-> 01:00:20 |bit less talkative at the 230 session, we'd have really better FOMC trades,
638 |637 |01:00:20 ~-~-> 01:00:28 |because sometimes he just likes to drag it out. And the more he talks, the more
639 |638 |01:00:28 ~-~-> 01:00:30 |they have to wait to do their intervention. Sometimes you can just see
640 |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
641 |640 |01:00:34 ~-~-> 01:00:39 |he's talking. And it usually is them talking at the conference, the 230
642 |641 |01:00:39 ~-~-> 01:00:46 |portion of the FMC announcement, usually the 230 they'll say something or open
643 |642 |01:00:46 ~-~-> 01:00:51 |the beginning of the discussion with and that gives you all that you need for
644 |643 |01:00:51 ~-~-> 01:00:55 |them to do whatever intervention they're going to do, which really, again,
645 |644 |01:00:55 ~-~-> 01:00:59 |setting time to time is just do the opposite of what just took place, and
646 |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
647 |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
648 |647 |01:01:08 ~-~-> 01:01:12 |that's usually, that's the winner, that's the thing. But everybody likes to
649 |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
650 |649 |01:01:17 ~-~-> 01:01:22 |about 15 minutes after three. Why? Because that starts your last hour
651 |650 |01:01:22 ~-~-> 01:01:26 |macro, one of four macros that are in the three o'clock to four o'clock time
652 |651 |01:01:26 ~-~-> 01:01:30 |window, time window. That's the only time of day that there's multiple macros
653 |652 |01:01:30 ~-~-> 01:01:36 |in the same hour. There are no 20 minutes to 40 minutes or 30 minutes to
654 |653 |01:01:36 ~-~-> 01:01:40 |40 minutes. That's all bullshit. Anybody that's saying that they're just trying
655 |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.
656 |655 |01:01:45 ~-~-> 01:01:51 |All right, so now we've taken sell side out below here. Watch new open gap on
657 |656 |01:01:51 ~-~-> 01:01:55 |the 16th. This is the last attempt, if it, if it breaks this low here, I'm
658 |657 |01:01:55 ~-~-> 01:01:59 |going to move to the sidelines, and that would be enough for today, but I want to
659 |658 |01:01:59 ~-~-> 01:02:09 |see it now. Start to find some footing, go back and use this wick here. Why are
660 |659 |01:02:09 ~-~-> 01:02:11 |you doing this now? Like, why are you looking at that wick? Why is it
661 |660 |01:02:11 ~-~-> 01:02:17 |something that you're making a reference to? Why is this fucking fid not moving?
662 |661 |01:02:17 ~-~-> 01:02:26 |How's that for a question. All right, so that is there. So I'm watching this
663 |662 |01:02:26 ~-~-> 01:02:30 |level right there, if we open on another candle, come back down and touch it, or
664 |663 |01:02:30 ~-~-> 01:02:34 |fail to touch it and rally or just run straight from here, either one's it's
665 |664 |01:02:34 ~-~-> 01:02:40 |good. But I'm watching this as like a like an indication of strength, because
666 |665 |01:02:41 ~-~-> 01:02:46 |this level is a discounted rate right now. Where's price up here? Below it, we
667 |666 |01:02:46 ~-~-> 01:02:49 |have what we have, this little bit of a gap. We have the new day opening gap,
668 |667 |01:02:49 ~-~-> 01:02:57 |high consequence encroachment, easy for me to say. ICT, so the new day opening
669 |668 |01:02:57 ~-~-> 01:03:01 |gap low, and then below that, we have this balanced price range of this wick,
670 |669 |01:03:01 ~-~-> 01:03:07 |in that wick, but in the middle of it, we have this midpoint of that wick
671 |670 |01:03:07 ~-~-> 01:03:13 |there. So my eyes jumping to that so it needs now, because it's taken off like
672 |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
673 |672 |01:03:17 ~-~-> 01:03:22 |use this information. Say you would have taken this as a long I'm not saying you
674 |673 |01:03:22 ~-~-> 01:03:26 |should have, I'm not saying that Caleb should have, but I would use this level
675 |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
676 |675 |01:03:31 ~-~-> 01:03:36 |below this low here, because this wick up and this wick down, it's travel,
677 |676 |01:03:36 ~-~-> 01:03:40 |Beth, back and forth in here. So that portion right below that, that would be
678 |677 |01:03:40 ~-~-> 01:03:46 |a place for a stop loss, using the ideas of trailing stop losses, stop placement,
679 |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
680 |679 |01:03:50 ~-~-> 01:03:54 |you guys are asking me all the time, how, how do you arrive at where you're
681 |680 |01:03:54 ~-~-> 01:03:58 |placing your stop loss? It's a lot of these things as I'm watching price, and
682 |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
683 |682 |01:04:01 ~-~-> 01:04:04 |in move that's going lower, and I see the opposite side, and I start seeing
684 |683 |01:04:04 ~-~-> 01:04:09 |these, like these barriers where price has done multiple passes through after
685 |684 |01:04:09 ~-~-> 01:04:15 |it's done something. Okay, what is the something that was done? Low, lower,
686 |685 |01:04:15 ~-~-> 01:04:20 |low. So that's relative equal lows, big liquidity resting below that. We dove
687 |686 |01:04:20 ~-~-> 01:04:28 |down below it. So it's been made jagged down here. So where is it smoothed here
688 |687 |01:04:30 ~-~-> 01:04:42 |and here? Okay, so now we have a fair value gap there. So this could be viewed
689 |688 |01:04:42 ~-~-> 01:04:47 |as breakaway. This could be a common gap which can fill in. It can come down and
690 |689 |01:04:47 ~-~-> 01:04:50 |give it institutional order, flow, entry drill, which is just below this wick,
691 |690 |01:04:51 ~-~-> 01:04:56 |then leave a portion of it open. It can completely overlap that and close that,
692 |691 |01:04:56 ~-~-> 01:04:58 |and it's fine. I'm going to take this line off because, if you remember,
693 |692 |01:04:58 ~-~-> 01:05:03 |that's the old relative. Equal lows over here. See that? I'm gonna take that off
694 |693 |01:05:03 ~-~-> 01:05:06 |because it's distracting me, and it's another reason why, like I said, I don't
695 |694 |01:05:06 ~-~-> 01:05:15 |like to have too many things on my chart. There's the wick you want one
696 |695 |01:05:15 ~-~-> 01:05:18 |tick below. Look at the low of that candle. You're looking at this price
697 |696 |01:05:18 ~-~-> 01:05:28 |right here. That candles low is five 80.50 the next candles low 580 even so
698 |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
699 |698 |01:05:33 ~-~-> 01:05:37 |that fair value got is what I'm referring to. Ideally, if it really
700 |699 |01:05:37 ~-~-> 01:05:41 |wants to take these areas up here, it'd be wonderful to see it leave a portion
701 |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
702 |701 |01:05:46 ~-~-> 01:05:53 |a means of supporting or providing a market propellant to send prices higher,
703 |702 |01:05:53 ~-~-> 01:05:59 |supporting it, basically in order flow, we want to see it stay open. Some degree
704 |703 |01:05:59 ~-~-> 01:06:04 |of the inefficiency stay open, because as long as it starts to do that, and it
705 |704 |01:06:04 ~-~-> 01:06:09 |starts gaining ground and moving higher, that's supportive to your trade. So how
706 |705 |01:06:09 ~-~-> 01:06:12 |do you hold on to trades and have confidence? How do you hold on to trades
707 |706 |01:06:12 ~-~-> 01:06:17 |and not get scared out? Well, it starts with these types of things, and you
708 |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
709 |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
710 |709 |01:06:23 ~-~-> 01:06:29 |a magic bullet. It fixes all problems for you. It just means that this is what
711 |710 |01:06:29 ~-~-> 01:06:34 |I grow confident in while I'm holding trace. You see me execute recording the
712 |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
713 |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
714 |713 |01:06:41 ~-~-> 01:06:44 |with that narrative until it delivered to it. And I'd say, there you go. It
715 |714 |01:06:44 ~-~-> 01:06:49 |must be random again, right? Well, the ideas of how price is going to use these
716 |715 |01:06:49 ~-~-> 01:06:57 |inefficiencies as a as a building block. And then are we seeing them fail? And
717 |716 |01:06:57 ~-~-> 01:07:02 |seeing them fail is a good thing, but see now, can you hear the jacklegs that
718 |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
719 |718 |01:07:05 ~-~-> 01:07:10 |thing saying that, see he wants his stuff to fail. Now you want to see a
720 |719 |01:07:10 ~-~-> 01:07:17 |fear of a gap not completely fill in. What did it do here? Before I went over
721 |720 |01:07:17 ~-~-> 01:07:20 |and showed you the old sell side liquidity, I told you that we want to
722 |721 |01:07:20 ~-~-> 01:07:25 |see the candle here, drop down just below that. It did it two times and then
723 |722 |01:07:25 ~-~-> 01:07:30 |delivered a run here. That's more than your live streaming guys do they get
724 |723 |01:07:30 ~-~-> 01:07:33 |out, you know, because they're panicking. They have no idea. They'll
725 |724 |01:07:33 ~-~-> 01:07:35 |call a move. It could go up here. Remember I said at the beginning,
726 |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
727 |726 |01:07:40 ~-~-> 01:07:44 |you keep resetting your accounts? Why? Why aren't you doing why aren't you
728 |727 |01:07:44 ~-~-> 01:07:54 |doing it? Because you can't do it. I see stay focused. I'm focused, focused on
729 |728 |01:07:54 ~-~-> 01:08:03 |making you a winner. Plus, I gotta speak when I have some it's about period
730 |729 |01:08:09 ~-~-> 01:08:13 |I'm unsatisfied later in the day, when I felt like I should have unloaded on it.
731 |730 |01:08:17 ~-~-> 01:08:21 |So there's the gap. That's where I told you the institution, order, flow, entry,
732 |731 |01:08:21 ~-~-> 01:08:24 |drill would form based on that candle. That candle. We want to see it stay
733 |732 |01:08:24 ~-~-> 01:08:28 |open. What does that mean? Well, it went down as far as that low. Did that low
734 |733 |01:08:28 ~-~-> 01:08:34 |touch this candle high? Right there? No, it didn't. So what did it do? It went
735 |734 |01:08:34 ~-~-> 01:08:38 |down one more time and then rallied. But what did it create? This down closed
736 |735 |01:08:38 ~-~-> 01:08:41 |candle, which means absolutely nothing, right means nothing. Steve Nielsen knows
737 |736 |01:08:41 ~-~-> 01:08:50 |nothing about this, nothing. This right here is an order block. The high of that
738 |737 |01:08:50 ~-~-> 01:08:56 |candle, right there is 19 591, and a half. You're going to look up here, by
739 |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
740 |739 |01:09:05 ~-~-> 01:09:16 |trade above it, and then we have the low of that candle right here. Five, 90.75
741 |740 |01:09:16 ~-~-> 01:09:22 |did we get the touch of that? That looked like we did? One tick away, one
742 |741 |01:09:22 ~-~-> 01:09:26 |tick away. So if I would have had a partial amount of partial I would have a
743 |742 |01:09:26 ~-~-> 01:09:30 |pyramid entry trying to get in on that, adding more to it there. I would not
744 |743 |01:09:30 ~-~-> 01:09:35 |have gotten the fill in that, but we gave you the institutional refund entry
745 |744 |01:09:35 ~-~-> 01:09:39 |drill here, and delivered beautifully. So if you're using that as your entry
746 |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
747 |746 |01:09:50 ~-~-> 01:09:58 |80.75 that would be your your threshold that it had the book to so that means
748 |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
749 |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
750 |749 |01:10:10 ~-~-> 01:10:14 |on that one. If not, you definitely were filled on this one. And what's your
751 |750 |01:10:14 ~-~-> 01:10:24 |heat? What's the drawdown on that? The difference in this low, it's 80 and a
752 |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
753 |752 |01:10:30 ~-~-> 01:10:37 |jumped 78 and a half. So it's two handles or eight ticks. So that's the
754 |753 |01:10:37 ~-~-> 01:10:43 |heat you felt. 40 bucks per contract on a standard contract of E Mini. And then
755 |754 |01:10:43 ~-~-> 01:10:48 |it runs, what's your first threshold? Let's see if it can touch what new week
756 |755 |01:10:48 ~-~-> 01:10:53 |opening gap, low of this week that what that was the low of the new week opening
757 |756 |01:10:53 ~-~-> 01:10:59 |gap, or where we settled, or where we opened there? I forgot which one it was
758 |757 |01:10:59 ~-~-> 01:11:06 |the that would be your first threshold. And then can it reach to halfway? You
759 |758 |01:11:06 ~-~-> 01:11:07 |measure that out,
760 |759 |01:11:13 ~-~-> 01:11:17 |there's your half. And then you watch, does it have speed to get to the upper
761 |760 |01:11:17 ~-~-> 01:11:21 |quadrant? And if it gets the upper quadrant, it should pierce right through
762 |761 |01:11:21 ~-~-> 01:11:25 |the high of new week, opening gap. Why? Because these traders that have stop
763 |762 |01:11:25 ~-~-> 01:11:30 |loss orders sitting right there's really smooth highs, they're not going to want
764 |763 |01:11:30 ~-~-> 01:11:35 |to give them an opportunity to do what get out of it. But, uh, just like that.
765 |764 |01:11:35 ~-~-> 01:11:44 |See how it was like, real energetic punching up there. You I get these two
766 |765 |01:11:44 ~-~-> 01:11:51 |main lines out here. Look at the bodies right here. See how they're using that
767 |766 |01:11:51 ~-~-> 01:11:55 |old reference point of the opening range gap we've already passed through it. See
768 |767 |01:11:55 ~-~-> 01:11:58 |everybody else that knows? Oh, everybody knows about gas. ICT, you're just
769 |768 |01:11:58 ~-~-> 01:12:02 |reinventing bullshit. No, I'm not. I'm peeling back the layers and telling you
770 |769 |01:12:02 ~-~-> 01:12:07 |what you never paid attention to, proving that no one else is doing it
771 |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
772 |771 |01:12:10 ~-~-> 01:12:13 |Amazon books now, because everybody out there is writing books about what you're
773 |772 |01:12:13 ~-~-> 01:12:18 |hearing. You tell you why. But we passed and closed in that opening range gap
774 |773 |01:12:18 ~-~-> 01:12:23 |here, we passed into a here, reacted off of it nice, and we went back into it
775 |774 |01:12:23 ~-~-> 01:12:27 |again here. And what did we do? We whipped through the new week, opening
776 |775 |01:12:27 ~-~-> 01:12:30 |gap high. And admittedly, I'm very surprised. I thought for certain when it
777 |776 |01:12:30 ~-~-> 01:12:35 |first pumps up like that, my eyes got that was the seed by what I thought was
778 |777 |01:12:35 ~-~-> 01:12:39 |the real quick punch through. I thought I did that. Rally through that. But this
779 |778 |01:12:39 ~-~-> 01:12:43 |is enough from the institutional order, flow entry drill down here because we're
780 |779 |01:12:43 ~-~-> 01:12:48 |teaching entries. We're teaching what it looks like, what is the logic behind it.
781 |780 |01:12:48 ~-~-> 01:12:53 |Why should it do this or that? What is favorable, what is unfavorable? This is
782 |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
783 |782 |01:12:58 ~-~-> 01:13:02 |better if it didn't. You see what I'm doing. This is mentoring. This is
784 |783 |01:13:02 ~-~-> 01:13:05 |somebody that knows what the fuck they're talking about. If you can't find
785 |784 |01:13:05 ~-~-> 01:13:10 |this in your lecture, provider, your mentor, your teacher, if you're not
786 |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
787 |786 |01:13:17 ~-~-> 01:13:22 |of them immediately, because they don't know what they're doing. They're
788 |787 |01:13:22 ~-~-> 01:13:27 |guessing they're never going to be able to do it in front of you. And everybody
789 |788 |01:13:27 ~-~-> 01:13:30 |says, I will never do these things in front of people every time I live
790 |789 |01:13:30 ~-~-> 01:13:34 |stream, I'm giving you the logic as of why the market should behave a certain
791 |790 |01:13:34 ~-~-> 01:13:39 |way. Tell me where the institutional order flow entry drills before I taught
792 |791 |01:13:39 ~-~-> 01:13:45 |it, and anything. It's not there. No one had that entry mechanism. No one ever
793 |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
794 |793 |01:13:52 ~-~-> 01:13:57 |why you guys are waiting around. Some of you spend all this time justifying why
795 |794 |01:13:57 ~-~-> 01:14:01 |nobody should follow me. And you could be retired if you just simply come
796 |795 |01:14:01 ~-~-> 01:14:04 |forward and say, here's what ICT rebranded. And this is the logic, here's
797 |796 |01:14:04 ~-~-> 01:14:08 |where the source materials found. This is the book. This is the course, this is
798 |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?
799 |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
800 |799 |01:14:19 ~-~-> 01:14:23 |felt that sure about it. I would quit my job, pour into everything. Screenshot.
801 |800 |01:14:23 ~-~-> 01:14:26 |This screenshot, I would I would spend money on credit cards, buying books to
802 |801 |01:14:26 ~-~-> 01:14:30 |be able to go through it and PDF file, print everything, and make a fucking
803 |802 |01:14:30 ~-~-> 01:14:35 |YouTube channel saying, Here's what it is. But news, it's not happening. It's
804 |803 |01:14:35 ~-~-> 01:14:39 |not happening. And I have put this bounty out there and raised it and
805 |804 |01:14:39 ~-~-> 01:14:42 |raised it and raised it and raised it, and nobody's done it, but they'll still
806 |805 |01:14:42 ~-~-> 01:14:46 |leave baseless comments, either in somebody else's YouTube channel or
807 |806 |01:14:46 ~-~-> 01:14:50 |someone else's social media posts that may be supporting me or saying that they
808 |807 |01:14:50 ~-~-> 01:14:53 |like what they learn here, and then some little shitbagger comes by and says
809 |808 |01:14:53 ~-~-> 01:14:58 |they're not his concepts. Okay? Who's already because we already went down the
810 |809 |01:14:58 ~-~-> 01:15:02 |list of everything that's everybody. Everybody, everyone said and proved that
811 |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
812 |811 |01:15:06 ~-~-> 01:15:10 |I'm the real McCoy. And that bothers a lot of you people, because everything's
813 |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
814 |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
815 |814 |01:15:21 ~-~-> 01:15:25 |area here. Now I saw you watch this area. It needs to get through that. We
816 |815 |01:15:25 ~-~-> 01:15:29 |went through it. We went through the new day opening I'm sorry, new week opening
817 |816 |01:15:29 ~-~-> 01:15:43 |gap, but from here to the new week opening gap. Hi, right there. So we have
818 |817 |01:15:43 ~-~-> 01:15:45 |worked this level there.
819 |818 |01:15:47 ~-~-> 01:15:48 |Let's shade it yellow.
820 |819 |01:15:51 ~-~-> 01:15:55 |Did you not do so much rants? ICT, and just focus on the teachings. It's
821 |820 |01:15:55 ~-~-> 01:15:59 |disrespectful to your students. It's disrespectful to me when you leave
822 |821 |01:15:59 ~-~-> 01:16:03 |comments like that and I delete you because I don't like to be mothered. I'm
823 |822 |01:16:03 ~-~-> 01:16:06 |going to do it regardless whether you like it or not. So that's what you need
824 |823 |01:16:06 ~-~-> 01:16:14 |to understand. So we've seen it get made jagged down here. These highs were buy
825 |824 |01:16:14 ~-~-> 01:16:20 |stops. They went through it, and I'm admittedly surprised that they did not
826 |825 |01:16:20 ~-~-> 01:16:24 |take that. I'm not convinced that we're going lower because they'll be leaving
827 |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,
828 |827 |01:16:28 ~-~-> 01:16:32 |do we wick down below the new date? I'm sorry, new week, opening gap trade into
829 |828 |01:16:33 ~-~-> 01:16:38 |this balanced price range, and then one more time, send it up into here. That's
830 |829 |01:16:38 ~-~-> 01:16:46 |what I would like to see. Uh, delivered and take this off here, but that right
831 |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,
832 |831 |01:16:51 ~-~-> 01:16:59 |I did it live, doing it as a manual entry. But when you're watching it form
833 |832 |01:16:59 ~-~-> 01:17:02 |like in other words, if you're looking at pricing. It was behaving like this,
834 |833 |01:17:04 ~-~-> 01:17:09 |like that, and this candle is manning around as soon as the next candle opens
835 |834 |01:17:09 ~-~-> 01:17:14 |up, okay? Soon as some of you are going to watch the video right at this point,
836 |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
837 |836 |01:17:19 ~-~-> 01:17:22 |you ignore what I said before it happened, because when this candle was
838 |837 |01:17:22 ~-~-> 01:17:26 |forming, we have a little bit of a fair value gap right there. While that candle
839 |838 |01:17:26 ~-~-> 01:17:31 |was active, go back and watch the live stream. It'll be there. I expect to see
840 |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
841 |840 |01:17:35 ~-~-> 01:17:41 |close in. That's not me, form fitting it, cherry picking it and just lay it
842 |841 |01:17:41 ~-~-> 01:17:47 |down with with smoke and mirrors. It's me saying I want to see it trade with
843 |842 |01:17:47 ~-~-> 01:17:52 |this gap partially left open. So if we're going to use an entry model, like
844 |843 |01:17:52 ~-~-> 01:17:56 |the institutional order for entry drill, which is technically what Caleb's entry
845 |844 |01:17:56 ~-~-> 01:18:01 |mechanism is, you can do it manually, like I showed in a recording earlier in
846 |845 |01:18:01 ~-~-> 01:18:05 |the morning. I put it on the YouTube channel, and then I called it out wild
847 |846 |01:18:05 ~-~-> 01:18:12 |here, and told you where it would trade to how it would trade, meaning that it
848 |847 |01:18:12 ~-~-> 01:18:19 |would go right below this candles, wick by one tick by one tick. I was wrong
849 |848 |01:18:19 ~-~-> 01:18:23 |technically, because it went down two ticks. There you go. My fucking fraud. I
850 |849 |01:18:23 ~-~-> 01:18:27 |expected one tick, and it moved two ticks and left the fair value up. And so
851 |850 |01:18:27 ~-~-> 01:18:31 |none of this shit works. Go watch supplying demand gurus, okay, go out
852 |851 |01:18:31 ~-~-> 01:18:36 |there and chase Elliott Wave and animal patterns. Go, go be the zoo. The Zoo
853 |852 |01:18:36 ~-~-> 01:18:44 |trader, okay, animal patterns, but the the wick that defines your entry. Caleb,
854 |853 |01:18:45 ~-~-> 01:18:50 |so in my interest, okay, for you initially, is I want you to look at that
855 |854 |01:18:50 ~-~-> 01:18:54 |wick low, of that candle over here, this one, once it creates a fair value gap,
856 |855 |01:18:54 ~-~-> 01:18:58 |or while it's forming, you're anticipating, okay, in other words, I
857 |856 |01:18:58 ~-~-> 01:19:02 |was predicting, while that candle was still there that this would form a fair
858 |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
859 |858 |01:19:04 ~-~-> 01:19:09 |it happened, but rewind to that time in the in the video, which reminded me I'm
860 |859 |01:19:09 ~-~-> 01:19:13 |not writing down the notes when I'm talking about certain things. This is a
861 |860 |01:19:13 ~-~-> 01:19:16 |lot harder when you don't have a script and you're watching price action. That's
862 |861 |01:19:16 ~-~-> 01:19:19 |why I asked some of you that are more inclined to do those types of things,
863 |862 |01:19:19 ~-~-> 01:19:22 |because you're very, very organized about what you're watching with me and
864 |863 |01:19:22 ~-~-> 01:19:29 |where you can go. Where you can go back and listen to the information the the
865 |864 |01:19:29 ~-~-> 01:19:33 |time when you hear me talk about this gap this candle was forming, okay? And
866 |865 |01:19:33 ~-~-> 01:19:38 |you would take that candles low, assuming when the next candle opens, it
867 |866 |01:19:38 ~-~-> 01:19:44 |didn't make a lower low when that wick so that candle here, we opened up here,
868 |867 |01:19:44 ~-~-> 01:19:49 |so there's time, there's time to drop a limit order in right below that, that
869 |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
870 |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
871 |870 |01:20:03 ~-~-> 01:20:06 |location when you're expecting a silver bullet to form, because that's what that
872 |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
873 |872 |01:20:10 ~-~-> 01:20:14 |understand because now you've seen what happened. There has been a disruption,
874 |873 |01:20:14 ~-~-> 01:20:20 |there's been a shark frenzy. There's been this evisceration of orders below
875 |874 |01:20:20 ~-~-> 01:20:26 |that low and that low, we dove down below it, then the market gets back
876 |875 |01:20:26 ~-~-> 01:20:30 |above. We want to see it touch the new day opening gap, high minimum or
877 |876 |01:20:30 ~-~-> 01:20:34 |consequent pressure or the low, but we don't want to see it go below the
878 |877 |01:20:34 ~-~-> 01:20:38 |consequent pressure of that wick on a closing basis. Ideally, we don't want to
879 |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
880 |879 |01:20:41 ~-~-> 01:20:44 |the confidence to say to you, while I'm live streaming, do I sound like I'm
881 |880 |01:20:44 ~-~-> 01:20:47 |scared? Do I sound like my voice is shaking? Do I feel like I'm reaching for
882 |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
883 |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
884 |883 |01:20:55 ~-~-> 01:21:00 |candles wick by one tick, and I was technically wrong, because it only went
885 |884 |01:21:00 ~-~-> 01:21:07 |down two ticks. It went down beyond it more than I wanted it to, or four ticks.
886 |885 |01:21:07 ~-~-> 01:21:12 |I think it was, wasn't it? Or two handles, right? Still leaving a portion
887 |886 |01:21:12 ~-~-> 01:21:17 |of it open. I was saying ticks earlier as two handles. So two handles of
888 |887 |01:21:17 ~-~-> 01:21:27 |drawdown. Okay, wonderful. It's 40 bucks, $40 of drawdown. Okay, 40 bucks
889 |888 |01:21:27 ~-~-> 01:21:32 |of drawdown. That was explained to you that this gap should stay open. Why?
890 |889 |01:21:32 ~-~-> 01:21:37 |Because every fucking gap that I'm looking at, I wanted to do that. I
891 |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
892 |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
893 |892 |01:21:46 ~-~-> 01:21:51 |closed back in. I want to see these little cracks in order flow. Because
894 |893 |01:21:51 ~-~-> 01:21:55 |this is the real shit that your little horizontal volume bars on the right side
895 |894 |01:21:55 ~-~-> 01:21:58 |of your fucking chart that you're doing. Oh well, this is the, this is the volume
896 |895 |01:21:58 ~-~-> 01:22:04 |profile, and I'm looking for this. Is the, you know, highest volume nude,
897 |896 |01:22:04 ~-~-> 01:22:08 |lowest volume nude. This is the VWAP. If it touches the beat, fuck the VWAP. Fuck
898 |897 |01:22:08 ~-~-> 01:22:17 |the fucking horizontal volume. Listen, that shit has to form. That shit has to
899 |898 |01:22:17 ~-~-> 01:22:21 |finally make its way into the fucking chart before you can start thinking
900 |899 |01:22:21 ~-~-> 01:22:26 |about it. I'm ahead of all that stuff. Do you understand that I am fucking like
901 |900 |01:22:26 ~-~-> 01:22:30 |I'm from the future talking back to you? Okay, I'm talking to you from the
902 |901 |01:22:30 ~-~-> 01:22:36 |fucking future. I'm proving it right here. I'm telling you what it's doing
903 |902 |01:22:36 ~-~-> 01:22:41 |here before it does it on a live stream with three second fucking delay. I can
904 |903 |01:22:41 ~-~-> 01:22:46 |pull that off. I can I can fraudulently do that. Is that what you're telling me
905 |904 |01:22:46 ~-~-> 01:22:50 |in the witness of all you people here watching me, really, you give me far too
906 |905 |01:22:50 ~-~-> 01:22:58 |much credit for that. That's amazing. That's amazing. But your entry model,
907 |906 |01:22:58 ~-~-> 01:23:01 |Caleb, is going to be based on this, so that way it completely strips away all
908 |907 |01:23:01 ~-~-> 01:23:07 |of the necessity and the fear of, where do I buy it inside the fair value gap
909 |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
910 |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
911 |910 |01:23:18 ~-~-> 01:23:24 |in a little bit of drawdown. And it's normal. It's normal, but what happens if
912 |911 |01:23:24 ~-~-> 01:23:28 |it goes down and stops me out there? Well, that's a stop out son. I mean,
913 |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
914 |913 |01:23:33 ~-~-> 01:23:38 |to happen. You're never going to evade the eventual losing streak, not single
915 |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
916 |915 |01:23:44 ~-~-> 01:23:50 |with you trusting what you're learning is going to work again. Don't change
917 |916 |01:23:50 ~-~-> 01:23:54 |anything except for the amount of risk. So in other words, you'll drop your
918 |917 |01:23:54 ~-~-> 01:23:58 |leverage, which for you won't have to be messed with, because you're going to be
919 |918 |01:23:58 ~-~-> 01:24:04 |doing one contract, you're going to need to trade with one and a half times the
920 |919 |01:24:04 ~-~-> 01:24:11 |margin for every new contract that you ate you add to your trading. So the
921 |920 |01:24:11 ~-~-> 01:24:15 |whole worry about over leveraging that ain't going to be you, because you don't
922 |921 |01:24:15 ~-~-> 01:24:18 |you don't know what you're doing, and everybody else out there wants to trade
923 |922 |01:24:18 ~-~-> 01:24:23 |lots of contract sizes, and that's why they fail, and when you have a losing
924 |923 |01:24:23 ~-~-> 01:24:27 |trade, you're going to stop trading for that day. That prevents you from over
925 |924 |01:24:27 ~-~-> 01:24:31 |trading. You can't over leverage because it demands you one and a half times the
926 |925 |01:24:31 ~-~-> 01:24:37 |margin for adding another contract. You will never over leverage your account.
927 |926 |01:24:37 ~-~-> 01:24:44 |It can't happen mathematically. You're denied that from the perspective of
928 |927 |01:24:44 ~-~-> 01:24:48 |frequency of trade, as soon as you have a winning day, then you close your your
929 |928 |01:24:48 ~-~-> 01:24:52 |trade, and it was a win that means all partials, if you have gotten to the
930 |929 |01:24:52 ~-~-> 01:24:57 |point where you can have two contracts and everything is now done, you close
931 |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
932 |931 |01:25:00 ~-~-> 01:25:04 |even watching price action, because that way you are enticed to do it again.
933 |932 |01:25:05 ~-~-> 01:25:09 |You're going to learn discipline. You're going to learn to follow the fucking
934 |933 |01:25:09 ~-~-> 01:25:14 |rules, and you cannot fail. If you follow these it will give you the chance
935 |934 |01:25:14 ~-~-> 01:25:17 |for the tools to do what they have been coded to do, when,
936 |935 |01:25:18 ~-~-> 01:25:23 |when, when, in surprising and stunning fucking fashion, with levels of
937 |936 |01:25:23 ~-~-> 01:25:27 |precision that everybody else out there are learning with you, that no one else
938 |937 |01:25:27 ~-~-> 01:25:33 |can match no one else can match this, no one else can match this. There's no
939 |938 |01:25:33 ~-~-> 01:25:36 |discipline of trading. We're looking at charts or technical studies of this that
940 |939 |01:25:36 ~-~-> 01:25:41 |now thing, it doesn't exist, folks, because this is the market. You're not
941 |940 |01:25:41 ~-~-> 01:25:45 |going to beat the market. Okay? You're not going to beat it. The only thing you
942 |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
943 |942 |01:25:49 ~-~-> 01:25:55 |survive it by luck. But you're not going to beat it because it's always
944 |943 |01:25:55 ~-~-> 01:26:00 |controlled, and when it's advantageous for them to color outside the lines, pay
945 |944 |01:26:00 ~-~-> 01:26:08 |attention. Come down outside of the new new week, opening gap here, and then
946 |945 |01:26:08 ~-~-> 01:26:14 |price higher. I would want to see speed and distance now, because we've already
947 |946 |01:26:14 ~-~-> 01:26:18 |been here before. So we're knocking on heaven's door when Guns and Roses came
948 |947 |01:26:18 ~-~-> 01:26:25 |out with that song number one, I love the album. I love the group. But when I
949 |948 |01:26:25 ~-~-> 01:26:34 |was doing a MRI see internet chat relay room, I had 1000 members in there. And
950 |949 |01:26:34 ~-~-> 01:26:40 |right before September 11, 2001 before all that stuff happened, I was running a
951 |950 |01:26:40 ~-~-> 01:26:44 |room 1000 members in it. I was calling the s, p, calling the bond market live.
952 |951 |01:26:45 ~-~-> 01:26:50 |And whenever it would do things like this, where it would get to a level we
953 |952 |01:26:50 ~-~-> 01:26:56 |were identifying, and it would just go, bump, bump, bump. It's like, I use the
954 |953 |01:26:56 ~-~-> 01:27:01 |analogy like Swat, like eventually swats coming through your door. Okay, you
955 |954 |01:27:01 ~-~-> 01:27:04 |don't have enough to keep them from coming in. They're coming in. Well
956 |955 |01:27:04 ~-~-> 01:27:08 |before I adopted that mindset, it was like I would always say, knock, knock,
957 |956 |01:27:08 ~-~-> 01:27:13 |knocking on heaven's door, because it's doing everything that leads up to an
958 |957 |01:27:13 ~-~-> 01:27:18 |eventual run up into this area here. Or imagine taking a champagne bottle that's
959 |958 |01:27:18 ~-~-> 01:27:21 |never been opened. It's shaking out right now, and they're gonna pop the
960 |959 |01:27:21 ~-~-> 01:27:28 |cork, and that's where the spray is going. Okay, so, but going back to order
961 |960 |01:27:28 ~-~-> 01:27:36 |entry the I don't know why anybody wouldn't be having fun learning like
962 |961 |01:27:36 ~-~-> 01:27:39 |this, because this, this is my cup of tea. Like I would love to have this. You
963 |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,
964 |963 |01:27:43 ~-~-> 01:27:46 |just the dry, monotonous, this is the rules as it is, but I'm giving you
965 |964 |01:27:46 ~-~-> 01:27:53 |things that support the ideas that leads to what I'm teaching and outlining and
966 |965 |01:27:53 ~-~-> 01:27:57 |where I think the marks gonna go, but entry techniques, because the fair value
967 |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
968 |967 |01:28:02 ~-~-> 01:28:05 |if you're going to watch the videos, just understand that that's what I'm
969 |968 |01:28:05 ~-~-> 01:28:08 |doing, because he's my son, and I'm exercising my right and authority. Is
970 |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
971 |970 |01:28:12 ~-~-> 01:28:16 |all the decisions outside of this, and that's fine, but you asked for this, so
972 |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
973 |972 |01:28:20 ~-~-> 01:28:25 |the fair value gap, because it's it's visual. There are things that, as you'll
974 |973 |01:28:25 ~-~-> 01:28:30 |learn, as we go through this mentorship, that you can use the gaps to measure
975 |974 |01:28:30 ~-~-> 01:28:35 |market structure. You can measure the strength or weakness of an underlying
976 |975 |01:28:35 ~-~-> 01:28:39 |move. And that was indicative of what I was saying earlier, and what I've
977 |976 |01:28:39 ~-~-> 01:28:44 |mentioned the last two weeks in live streaming, whenever we're looking for a
978 |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
979 |978 |01:28:52 ~-~-> 01:28:58 |they don't completely overlap. It like we were outlining here. I was saying at
980 |979 |01:28:58 ~-~-> 01:29:03 |the time, let me make this a little bit larger, but keep that portion of price
981 |980 |01:29:03 ~-~-> 01:29:10 |action up there so available to us. If we look at what was being spoken about,
982 |981 |01:29:10 ~-~-> 01:29:14 |that gap when this was forming, that candle, this candle had not closed. Yet
983 |982 |01:29:15 ~-~-> 01:29:20 |it has not closed. The next candle I want to see it drop down right below
984 |983 |01:29:20 ~-~-> 01:29:24 |that candles wick, which it does here. You may or may not have been filled
985 |984 |01:29:24 ~-~-> 01:29:28 |there. Caleb, to be fair, because it's literally like one tick or two, and I've
986 |985 |01:29:28 ~-~-> 01:29:31 |seen it happen with me. I've live streamed recordings. I've live streamed
987 |986 |01:29:33 ~-~-> 01:29:37 |my analysis of you know, this is where things happen. I've had real trades
988 |987 |01:29:37 ~-~-> 01:29:43 |running with $18,000 of profit with amp, which is a real brokerage firm and not a
989 |988 |01:29:43 ~-~-> 01:29:49 |fucking demo, okay, and my limit order did not get respected. Was it amp? Screw
990 |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
991 |990 |01:29:53 ~-~-> 01:29:56 |Ameritrade. I had to happen when I was trading with Lynn waldock. I had to
992 |991 |01:29:56 ~-~-> 01:30:01 |happen when I was trading with Box investments. I. So it's it's just an
993 |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
994 |993 |01:30:05 ~-~-> 01:30:11 |precise, trying to be so precise, that you have a margin for error for that to
995 |994 |01:30:11 ~-~-> 01:30:16 |occur. So to prevent that from happening with your entries, you're going to use
996 |995 |01:30:16 ~-~-> 01:30:23 |that candlesticks low plus one tick above it. So that means if it books two
997 |996 |01:30:23 ~-~-> 01:30:27 |handles, or, I'm sorry, two ticks below that, that low, you should be filled.
998 |997 |01:30:27 ~-~-> 01:30:32 |Look where it's trading. Somebody's about to punch this punch the air. Oh,
999 |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
1000 |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
1001 |1000 |01:30:47 ~-~-> 01:30:52 |all week. Baby, tip your bartender. Tip your fucking bartender. Who's doing it
1002 |1001 |01:30:52 ~-~-> 01:30:54 |like this, Patrick, go baby, get
1003 |1002 |01:30:58 ~-~-> 01:30:59 |the fuck out of here.
1004 |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
1005 |1004 |01:31:09 ~-~-> 01:31:13 |low end, because that's what folks that are prematurely trying to teach my
1006 |1005 |01:31:13 ~-~-> 01:31:17 |concepts. They're saying that you can get filled at the low end and you'll
1007 |1006 |01:31:17 ~-~-> 01:31:21 |have the best and your stop loss will be micro, short and small. You don't need
1008 |1007 |01:31:21 ~-~-> 01:31:27 |that. Because if you haven't picked up on what I've been laying down here,
1009 |1008 |01:31:27 ~-~-> 01:31:32 |knowing where the market's going to gravitate and draw to, okay, where the
1010 |1009 |01:31:32 ~-~-> 01:31:39 |market's going to draw and gravitate to is more important, which has more impact
1011 |1010 |01:31:40 ~-~-> 01:31:45 |on trading, not just your trading, but everyone's trading, your ability to get
1012 |1011 |01:31:45 ~-~-> 01:31:50 |in on this fair value gap that maybe not 75% of the people to trade even are
1013 |1012 |01:31:50 ~-~-> 01:31:54 |paying attention to or where the market's going to draw to, because their
1014 |1013 |01:31:54 ~-~-> 01:31:58 |stocks resting right up here, clearly it's where the market's going to go to.
1015 |1014 |01:31:58 ~-~-> 01:32:02 |So if we have done the work and we're laying the ground work and foundation
1016 |1015 |01:32:02 ~-~-> 01:32:07 |for that to determine where the market's going to go over the course of the
1017 |1016 |01:32:07 ~-~-> 01:32:10 |session, over the course of the day, which we haven't got to that part yet.
1018 |1017 |01:32:11 ~-~-> 01:32:16 |So far, we're only working with session session draws on liquidity, and they are
1019 |1018 |01:32:16 ~-~-> 01:32:21 |dynamic. Session draws on liquidity are dynamic. That means it's above and
1020 |1019 |01:32:21 ~-~-> 01:32:28 |below. You have to start there. You will not know how to derive the daily bias
1021 |1020 |01:32:28 ~-~-> 01:32:32 |until you get good at knowing how to determine what side of the session bias
1022 |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
1023 |1022 |01:32:38 ~-~-> 01:32:44 |teach. That's how you learn it. But if you can formulate an entry mechanism
1024 |1023 |01:32:44 ~-~-> 01:32:49 |that affords you, number one, a high precision entry model, which is
1025 |1024 |01:32:49 ~-~-> 01:32:52 |obviously institutional, underflow entry drill, you don't want to see that gap
1026 |1025 |01:32:52 ~-~-> 01:32:55 |filled in, but what happens if you get filled and it does close it in? Caleb,
1027 |1026 |01:32:55 ~-~-> 01:32:59 |nothing. It just means you have a little bit more drawdown. It's not that much
1028 |1027 |01:32:59 ~-~-> 01:33:06 |from this candle is high of 76 and three quarters to the low of that one, which
1029 |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
1030 |1029 |01:33:15 ~-~-> 01:33:22 |commission. Yeah, you fluff that with a with commission cost you're using, say,
1031 |1030 |01:33:22 ~-~-> 01:33:25 |for instance, when you when I say commissions, you're not technically
1032 |1031 |01:33:25 ~-~-> 01:33:28 |paying commissions through top step that I'm aware of. I don't know I might be
1033 |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
1034 |1033 |01:33:33 ~-~-> 01:33:36 |it's funded, it's basically a demo account. You're really not technically
1035 |1034 |01:33:36 ~-~-> 01:33:40 |trading and paying any commissions, not that I'm aware of. If I'm wrong, please
1036 |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
1037 |1036 |01:33:43 ~-~-> 01:33:49 |only going to trade a prop firm to get enough steak to take that money and go
1038 |1037 |01:33:49 ~-~-> 01:33:53 |into amp global. Amp global is where he's going to be trading with real
1039 |1038 |01:33:53 ~-~-> 01:33:58 |money. So he's only using a prop firm to springboard from demo to profitable,
1040 |1039 |01:33:58 ~-~-> 01:34:01 |making money, and then taking that little bit of money, he's going to stop
1041 |1040 |01:34:01 ~-~-> 01:34:06 |doing business with every with every prop firm and then go into, I shouldn't
1042 |1041 |01:34:06 ~-~-> 01:34:09 |have said it that way, because it makes it like he's in multiples, because he's
1043 |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
1044 |1043 |01:34:13 ~-~-> 01:34:17 |before with them, tried to pass a combine or two, I think. And what need
1045 |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,
1046 |1045 |01:34:21 ~-~-> 01:34:23 |recoup whatever he spent there, make enough money to put into a live
1047 |1046 |01:34:23 ~-~-> 01:34:27 |brokerage account. And he'll be trading with AMP global. Not that I have an
1048 |1047 |01:34:27 ~-~-> 01:34:32 |affiliate partnership with them. I have traded through them. They have cleared
1049 |1048 |01:34:32 ~-~-> 01:34:39 |trades for me. I have nothing really bad to say about amp that would be like,
1050 |1049 |01:34:40 ~-~-> 01:34:43 |like fxcm. Fuck fxcm. And I'm glad they got shut down, thrown at the fucking us.
1051 |1050 |01:34:43 ~-~-> 01:34:49 |I'll just leave it at that. But amp global, every broker is going to have
1052 |1051 |01:34:49 ~-~-> 01:34:56 |something wrong with them. I mean, nobody's perfect. Would I choose any
1053 |1052 |01:34:56 ~-~-> 01:35:01 |other broker to trade with, live with real money a part? From amp, no, not at
1054 |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
1055 |1054 |01:35:06 ~-~-> 01:35:11 |should. Okay, so the answer, broker statements, the answer getting a broker
1056 |1055 |01:35:11 ~-~-> 01:35:15 |with real accounts, who would you trade with? To answer the equation of, why
1057 |1056 |01:35:15 ~-~-> 01:35:19 |wouldn't you trade with a funded account? Anything? Anything to that,
1058 |1057 |01:35:20 ~-~-> 01:35:25 |that, that vein of thought, if it's dealing with a real brokerage amp, is
1059 |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
1060 |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
1061 |1060 |01:35:35 ~-~-> 01:35:40 |would go through the process of doing whatever I could. I personally, I
1062 |1061 |01:35:40 ~-~-> 01:35:44 |honestly would not be doing a funded account challenge. I simply wouldn't do
1063 |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
1064 |1063 |01:35:48 ~-~-> 01:35:51 |today. They all would love me to do that because they have my social security
1065 |1064 |01:35:51 ~-~-> 01:35:54 |number. And then there it is. My whole fucking identity is fucking copycatted
1066 |1065 |01:35:54 ~-~-> 01:36:00 |by some dickhead that goes through their shit in back order, and I'm in trouble
1067 |1066 |01:36:00 ~-~-> 01:36:04 |with them because they could ruin me financially. I, you know, they can say
1068 |1067 |01:36:04 ~-~-> 01:36:08 |everything they want, but you can't control the thoughts and intentions of
1069 |1068 |01:36:08 ~-~-> 01:36:12 |your employees. Okay, you can't, if they have access to that type of information.
1070 |1069 |01:36:13 ~-~-> 01:36:16 |But guess what? You've you've given it to him on silver platter. Can it still
1071 |1070 |01:36:16 ~-~-> 01:36:21 |happen in a brokerage firm? Sure? Can I just feel like, you know, it's a little
1072 |1071 |01:36:21 ~-~-> 01:36:26 |bit more easier to prove who had access to that with a reputable, regulated
1073 |1072 |01:36:26 ~-~-> 01:36:29 |broker than someone that's running a funded account company. Okay? And I'll
1074 |1073 |01:36:29 ~-~-> 01:36:36 |just say it like that, but I would do whatever I could to raise the money up
1075 |1074 |01:36:36 ~-~-> 01:36:41 |to put it into amp. Their margins are extremely low. Not that that's a good
1076 |1075 |01:36:41 ~-~-> 01:36:46 |thing. Their commission costs are extremely low. That's a real good thing.
1077 |1076 |01:36:46 ~-~-> 01:36:52 |And their executions have been awesome. Sometimes my limit orders don't get
1078 |1077 |01:36:52 ~-~-> 01:36:57 |filled. Sometimes, you know, I've been slipped a little bit, but not like, wow,
1079 |1078 |01:36:57 ~-~-> 01:37:00 |like I got slipped with, uh, slippages where you try to get into the
1080 |1079 |01:37:00 ~-~-> 01:37:03 |marketplace and say, right now it's trading at six, four. Trading at 642,
1081 |1080 |01:37:03 ~-~-> 01:37:08 |and three quarters, 42 even 42 and a quarter, 42 and a half. If I bought it,
1082 |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
1083 |1082 |01:37:12 ~-~-> 01:37:18 |slippage. I've seen that, and worse with TD Ameritrade, it was, it was kind of
1084 |1083 |01:37:18 ~-~-> 01:37:24 |shitty over there, to be honest with you. They sucked. So amp is reasonable.
1085 |1084 |01:37:25 ~-~-> 01:37:29 |My experience with them is reasonable. If you're trying to trade futures, okay,
1086 |1085 |01:37:29 ~-~-> 01:37:33 |this is the part where the funding account companies are gonna fucking hiss
1087 |1086 |01:37:33 ~-~-> 01:37:36 |and moon are gonna create soft public accounts and fucking troll me and talk
1088 |1087 |01:37:36 ~-~-> 01:37:40 |shit about me anybody else's stuff. I would not try to do funded account
1089 |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
1090 |1089 |01:37:45 ~-~-> 01:37:53 |do everything in my power to sell, to barter, to work a second job. I did all
1091 |1090 |01:37:53 ~-~-> 01:37:56 |those things when I was coming up with a 20 year old. I delivered pizza, I worked
1092 |1091 |01:37:56 ~-~-> 01:38:00 |on the weekends, you know? I did all that stuff just to get money to fund the
1093 |1092 |01:38:00 ~-~-> 01:38:04 |account, and anytime I blew the account as a 20 year old, I would go and do
1094 |1093 |01:38:04 ~-~-> 01:38:07 |more, more shifts. I would do it, and I would work and earn that money. But
1095 |1094 |01:38:07 ~-~-> 01:38:10 |that's not what you want to hear today, because you have a millennial tick tock
1096 |1095 |01:38:10 ~-~-> 01:38:14 |mindset where you want it real fast, you want it easy, and everybody owes it to
1097 |1096 |01:38:14 ~-~-> 01:38:16 |you and fuck you because you took too long getting it to me. That's your
1098 |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
1099 |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
1100 |1099 |01:38:23 ~-~-> 01:38:26 |bullshit and say that's your mentality. That's why it's holding you up. You need
1101 |1100 |01:38:26 ~-~-> 01:38:29 |to change that. Stop expecting it to be easy for you. Stop expecting it to be
1102 |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
1103 |1102 |01:38:35 ~-~-> 01:38:40 |hours commute to get to where he works at now, does that sound like a loving
1104 |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.
1105 |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
1106 |1105 |01:38:52 ~-~-> 01:38:56 |your own schedule. My Way sits on your fucking ass and says, I'm not going to
1107 |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
1108 |1107 |01:38:59 ~-~-> 01:39:02 |hours, and I better show up on time tomorrow. I don't have a job. Fuck you.
1109 |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
1110 |1109 |01:39:06 ~-~-> 01:39:11 |way that I can forge that mentality in my children is to allow them to go
1111 |1110 |01:39:11 ~-~-> 01:39:17 |through work hardening. Work hardening is what made me who I am. I don't like a
1112 |1111 |01:39:17 ~-~-> 01:39:21 |fucking job. You throwing a job out there that can pay me high enough for me
1113 |1112 |01:39:21 ~-~-> 01:39:27 |to work. It ain't no fucking way. I'm unemployable. You can't hire me. Okay?
1114 |1113 |01:39:27 ~-~-> 01:39:32 |You can't you can't fucking afford me. And that's what your mindset should be.
1115 |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
1116 |1115 |01:39:37 ~-~-> 01:39:44 |nothing. Tell me who's happy. Tell me who's happier? The surgeon that's making
1117 |1116 |01:39:44 ~-~-> 01:39:50 |$600,000 a year that's sweating his ass off 20 hours in a fucking surgery? Yeah,
1118 |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
1119 |1118 |01:39:55 ~-~-> 01:40:00 |has the life of someone else's in his in his own hands, and the outcome. Guess
1120 |1119 |01:40:00 ~-~-> 01:40:03 |what? If that stop loss is hit, you got to live with that. That's too much
1121 |1120 |01:40:03 ~-~-> 01:40:08 |stress for me. Fuck that, no way. And I have surgeons like that in my paid
1122 |1121 |01:40:08 ~-~-> 01:40:16 |group. I couldn't do what they do. I couldn't do that emotionally, mentally.
1123 |1122 |01:40:16 ~-~-> 01:40:21 |I couldn't do it. And their argument was they want to stay doing that and still
1124 |1123 |01:40:21 ~-~-> 01:40:26 |make a lot of money here, my question is, is, if you can make millions of
1125 |1124 |01:40:26 ~-~-> 01:40:34 |dollars, why would you want to keep doing that when you can, if you went
1126 |1125 |01:40:34 ~-~-> 01:40:37 |into that not to save people's lives, that's just the derivative everybody
1127 |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
1128 |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
1129 |1128 |01:40:44 ~-~-> 01:40:49 |you still have a job. You don't have freedom. You have to do what that
1130 |1129 |01:40:49 ~-~-> 01:40:56 |hospital says you have to do when you have to do it. And what's worse, because
1131 |1130 |01:40:56 ~-~-> 01:40:57 |you're now such a high,
1132 |1131 |01:40:58 ~-~-> 01:41:05 |high demand personnel, you could be called in at any time. We have a trauma
1133 |1132 |01:41:05 ~-~-> 01:41:09 |patient. Look at this. We need this. We need you here right now. We're gonna
1134 |1133 |01:41:09 ~-~-> 01:41:13 |say, Nah, man, I can't right now. I'm trading British Pound. I'm trading FOMC.
1135 |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
1136 |1135 |01:41:17 ~-~-> 01:41:22 |else? No, you're it. See what happens. Because you're an employee. Fuck that.
1137 |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
1138 |1137 |01:41:29 ~-~-> 01:41:34 |right here. You're watching and observing. You're waiting for the still
1139 |1138 |01:41:34 ~-~-> 01:41:41 |waters to be disturbed. Watch the water turn red and then look, where is it
1140 |1139 |01:41:41 ~-~-> 01:41:47 |smooth. I gave you both sides of marketplace. That means you're looking
1141 |1140 |01:41:47 ~-~-> 01:41:55 |at both ends of the session, because session draw on liquidity. Session
1142 |1141 |01:41:55 ~-~-> 01:42:03 |liquidity is above and below. It's above and below, all you have to do is wait,
1143 |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
1144 |1143 |01:42:09 ~-~-> 01:42:12 |window? You're going to see it at 10 o'clock. That means you have to wait
1145 |1144 |01:42:12 ~-~-> 01:42:20 |that first 30 minutes. Why? Because that is the opening range. That's that
1146 |1145 |01:42:20 ~-~-> 01:42:29 |vertical line right here. Okay? So when you're watching price action, you're
1147 |1146 |01:42:29 ~-~-> 01:42:35 |looking all through that first 30 minutes your eye, your eye is going to
1148 |1147 |01:42:35 ~-~-> 01:42:40 |where is the initial legs of liquidity. We gave them to you. Here is the buy
1149 |1148 |01:42:40 ~-~-> 01:42:49 |side and the sell side was over here, here and here. And how far could it
1150 |1149 |01:42:49 ~-~-> 01:42:52 |reach down? Michael minerals telling you that you can trade down to that new day
1151 |1150 |01:42:52 ~-~-> 01:42:55 |opening gap. You can trade down into that. And if it's going to trade through
1152 |1151 |01:42:55 ~-~-> 01:42:58 |that, we have that lower here, which was in view when I was showing you all this
1153 |1152 |01:42:58 ~-~-> 01:43:05 |stuff. Anyway, then once it does that, it rallies back up to opening range gap
1154 |1153 |01:43:05 ~-~-> 01:43:09 |closes it in, drops one more time, overlaps into all this the rejection
1155 |1154 |01:43:09 ~-~-> 01:43:13 |block. You heard me talk about that as it's happening, come back down, hits the
1156 |1155 |01:43:13 ~-~-> 01:43:17 |new the opening gap from the 16th rallies back up in. Look how the bodies
1157 |1156 |01:43:17 ~-~-> 01:43:21 |are staying and then raw saying, listen to this part. Okay, it's spending too
1158 |1157 |01:43:21 ~-~-> 01:43:28 |much time. It's spending too much time inside of the opening range gap, meaning
1159 |1158 |01:43:28 ~-~-> 01:43:33 |what they're not in a hurry to pierce this high, much more meaningful than
1160 |1159 |01:43:33 ~-~-> 01:43:37 |they did here. So this high and this high, still relatively clean. That's
1161 |1160 |01:43:37 ~-~-> 01:43:42 |just tiny. It's little, it's little bit of movement. This is like when I was
1162 |1161 |01:43:42 ~-~-> 01:43:45 |telling you the description. When your child's coloring, they color outside the
1163 |1162 |01:43:45 ~-~-> 01:43:47 |lines. You don't look at that as a failure. You don't say, Look what you
1164 |1163 |01:43:47 ~-~-> 01:43:51 |did. You did that wrong. Smack them forward. You're going to hang it on your
1165 |1164 |01:43:51 ~-~-> 01:43:56 |refrigerator, because it's your child. Well, same thing here. When the
1166 |1165 |01:43:56 ~-~-> 01:44:00 |algorithm is trading just outside of the lines, it's okay. It's doing everything
1167 |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,
1168 |1167 |01:44:05 ~-~-> 01:44:10 |because this spread. Well, that's all it did there. Did it close above it? No.
1169 |1168 |01:44:10 ~-~-> 01:44:14 |Did it have much more meaningful movement beyond that? No. Did it trade
1170 |1169 |01:44:14 ~-~-> 01:44:18 |to the high of the new week opening gap for August 18? This week's new week
1171 |1170 |01:44:18 ~-~-> 01:44:25 |opening gap? No. So what is it leaving? It's leaving this liquidity and making
1172 |1171 |01:44:25 ~-~-> 01:44:28 |these individuals over here feel safe. So what is it? What is it going to
1173 |1172 |01:44:28 ~-~-> 01:44:34 |inspire? If it sells off shorts to do, what place their stop loss above here?
1174 |1173 |01:44:34 ~-~-> 01:44:39 |Or if they have deeper pockets, build it right there. So this is engineering
1175 |1174 |01:44:39 ~-~-> 01:44:46 |liquidity. It drops here. I said, take your attention over here, to these wicks
1176 |1175 |01:44:46 ~-~-> 01:44:51 |here. And here we watch it drop down below. Took out that love. And now I
1177 |1176 |01:44:51 ~-~-> 01:44:54 |said, Now watch. What I want to see is, does it get back above the new day,
1178 |1177 |01:44:54 ~-~-> 01:44:59 |opening gap on the 16th and then does it come back down and touch that there?
1179 |1178 |01:44:59 ~-~-> 01:45:03 |Yes. Yes, I don't want to see it trade down and below that Wix consequent
1180 |1179 |01:45:03 ~-~-> 01:45:08 |encouragement. It never did. It right there. That tells me, and this is what
1181 |1180 |01:45:08 ~-~-> 01:45:11 |you're supposed to be doing by listening to that that you didn't pay attention to
1182 |1181 |01:45:11 ~-~-> 01:45:13 |because you're looking for something else, or you're waiting for me to say
1183 |1182 |01:45:14 ~-~-> 01:45:18 |something that's going to resonate with you. I'm teaching you how I called that
1184 |1183 |01:45:18 ~-~-> 01:45:21 |institutional order flow entry trail. How did you know if I show you all you
1185 |1184 |01:45:21 ~-~-> 01:45:24 |all the comments from me uploading that video earlier this morning where I got
1186 |1185 |01:45:24 ~-~-> 01:45:27 |into trade. How did you know that? And why are you trading before? Weren't you
1187 |1186 |01:45:27 ~-~-> 01:45:30 |supposed to wait for relative equal highs? Weren't you supposed to be
1188 |1187 |01:45:30 ~-~-> 01:45:33 |waiting for relative equal lows? Again, you don't know what I'm putting the
1189 |1188 |01:45:33 ~-~-> 01:45:38 |content out there for. I'm addressing individuals that are paid students. How
1190 |1189 |01:45:38 ~-~-> 01:45:41 |can we that know a little bit more than the average bear watching my channel.
1191 |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
1192 |1191 |01:45:46 ~-~-> 01:45:53 |to specifically, 2016 students. I have 2016 paid students that can't find their
1193 |1192 |01:45:53 ~-~-> 01:45:56 |way through this bill. No matter what content I bring forward, no matter how
1194 |1193 |01:45:56 ~-~-> 01:45:59 |many people are making money with it, with real money, with real results,
1195 |1194 |01:45:59 ~-~-> 01:46:03 |proving it is happening, calling it live. They can't make it work for
1196 |1195 |01:46:03 ~-~-> 01:46:06 |themselves, because there's some kind of a barrier. But their question was is,
1197 |1196 |01:46:06 ~-~-> 01:46:11 |how can we I? I know that they know a lot more than Caleb does, but the
1198 |1197 |01:46:11 ~-~-> 01:46:18 |questions are, how can they use this methodology and understand how to use
1199 |1198 |01:46:18 ~-~-> 01:46:22 |the range that was formed in London? If you go back and listen to us talking
1200 |1199 |01:46:22 ~-~-> 01:46:25 |about, if you're brand new, you don't know you're doing. And I'm telling
1201 |1200 |01:46:25 ~-~-> 01:46:30 |Caleb, you don't worry about this. You don't worry about this. You wait for
1202 |1201 |01:46:30 ~-~-> 01:46:33 |seven o'clock and you look for relative equal highs and relative equal lows.
1203 |1202 |01:46:33 ~-~-> 01:46:37 |Well, guess what that that's this, folks, that's that's the relative equal
1204 |1203 |01:46:37 ~-~-> 01:46:48 |highs. After seven o'clock, you right here. Here's seven o'clock. Okay, it
1205 |1204 |01:46:48 ~-~-> 01:46:54 |rallies. We're waiting. We're waiting. We're waiting 930 opening bell, all the
1206 |1205 |01:46:54 ~-~-> 01:46:56 |way to seven o'clock. You're going to look back through that. So if you're
1207 |1206 |01:46:56 ~-~-> 01:47:02 |going to not be an early, early trader, you're not trying to trade early. You're
1208 |1207 |01:47:02 ~-~-> 01:47:05 |going to start looking at the market at nine o'clock. Go back to seven o'clock.
1209 |1208 |01:47:05 ~-~-> 01:47:08 |So you're looking back through the last two hours. You only have to look back
1210 |1209 |01:47:08 ~-~-> 01:47:14 |for the last two hours and see where the liquidity is. So here at nine o'clock,
1211 |1210 |01:47:17 ~-~-> 01:47:23 |right there, what do you have high that's lower than that. Isn't that a
1212 |1211 |01:47:23 ~-~-> 01:47:27 |relative equal high? Listen to the definition I gave you in the previous
1213 |1212 |01:47:27 ~-~-> 01:47:33 |teachings. Yes, what are these relative equal lows? So what is it doing? First,
1214 |1213 |01:47:34 ~-~-> 01:47:39 |it runs above these highs there, and then creates what another smooth
1215 |1214 |01:47:39 ~-~-> 01:47:42 |relative equal high. But then what does it then do after that, it breaks lower,
1216 |1215 |01:47:42 ~-~-> 01:47:47 |takes out the liquidity here, and we're watching the opening range. What's it
1217 |1216 |01:47:47 ~-~-> 01:47:54 |doing? It's finding responsiveness at the midpoint. It has no ability to get
1218 |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.
1219 |1218 |01:48:01 ~-~-> 01:48:05 |Anyone that has more advanced understanding, listen to the lectures I
1220 |1219 |01:48:05 ~-~-> 01:48:09 |gave prior to this week, where I'm talking about the relative equal highs
1221 |1220 |01:48:09 ~-~-> 01:48:13 |and relative equal lows, and I'm telling Caleb, you only wait for the seven
1222 |1221 |01:48:13 ~-~-> 01:48:17 |o'clock and anything that forms to the right of that, I have students that will
1223 |1222 |01:48:17 ~-~-> 01:48:20 |be able to use the information that is in price action prior to seven o'clock
1224 |1223 |01:48:20 ~-~-> 01:48:23 |in the morning, because they know all the things that I taught them around
1225 |1224 |01:48:23 ~-~-> 01:48:28 |London, and how they deal with the opening and closing of a daily range
1226 |1225 |01:48:28 ~-~-> 01:48:32 |power three they're going to incorporate that part of the range. So that lesson
1227 |1226 |01:48:32 ~-~-> 01:48:37 |was just simply me saying, this is using Caleb's model, and you know how to use
1228 |1227 |01:48:37 ~-~-> 01:48:40 |the other stuff I've taught you with London. The things I'm talking about and
1229 |1228 |01:48:40 ~-~-> 01:48:43 |referring to that are already on the YouTube channel. Go watch the mentorship
1230 |1229 |01:48:43 ~-~-> 01:48:49 |videos in 2017 the 2017 mentorship playlist, the students that paid and
1231 |1230 |01:48:49 ~-~-> 01:48:52 |went through those those lectures live as I was delivering them as it was
1232 |1231 |01:48:52 ~-~-> 01:48:56 |happening. And I was doing live streams and calling markets and saying, This is
1233 |1232 |01:48:56 ~-~-> 01:48:59 |what's going to happen. Do a market review, same where it's going to go
1234 |1233 |01:48:59 ~-~-> 01:49:03 |next. Those were the individuals I was answering and dressing to there because
1235 |1234 |01:49:03 ~-~-> 01:49:06 |they want to know, Is it anything here for them, or should they just stick with
1236 |1235 |01:49:06 ~-~-> 01:49:10 |what they got? And I have students that don't find their way well to the
1237 |1236 |01:49:10 ~-~-> 01:49:15 |marketplace still, because they have something. And I don't know what the
1238 |1237 |01:49:15 ~-~-> 01:49:19 |barrier is for all of them. I don't know what it is. Okay sometimes, you know,
1239 |1238 |01:49:19 ~-~-> 01:49:22 |they're very clear and showing what it is, and others are just I don't know
1240 |1239 |01:49:22 ~-~-> 01:49:25 |they. I don't know if they're just guarded, and they won't be honest with
1241 |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
1242 |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
1243 |1242 |01:49:32 ~-~-> 01:49:35 |I'm not saying you should do this, because I still get emails from people
1244 |1243 |01:49:35 ~-~-> 01:49:39 |all around the world saying, hey, look, can you tell me what I'm doing wrong, or
1245 |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
1246 |1245 |01:49:43 ~-~-> 01:49:47 |do that. If the outcome was positive, you did something right. If the outcome
1247 |1246 |01:49:47 ~-~-> 01:49:51 |was not positive, you didn't do something right. So explore. I'm not
1248 |1247 |01:49:51 ~-~-> 01:49:54 |going to cut, cut you to the front of the line of your learning curve by doing
1249 |1248 |01:49:54 ~-~-> 01:49:57 |it. And I know some of you just want to interaction with me on an email, like,
1250 |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
1251 |1250 |01:50:00 ~-~-> 01:50:04 |great of a person. Just be content with what I'm teaching you here. Stop trying
1252 |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,
1253 |1252 |01:50:10 ~-~-> 01:50:14 |but anything prior to seven o'clock. But what does that take you back to here,
1254 |1253 |01:50:15 ~-~-> 01:50:22 |there, which is what I referred you to when we were what entering into that 930
1255 |1254 |01:50:22 ~-~-> 01:50:31 |opening? Where's the Lakota yet? Here and here, and what did the market do? It
1256 |1255 |01:50:31 ~-~-> 01:50:35 |addressed what side first here, after 930
1257 |1256 |01:50:41 ~-~-> 01:50:41 |that's here,
1258 |1257 |01:50:46 ~-~-> 01:50:52 |right there. So did it go for that liquidity or the cell side over here?
1259 |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
1260 |1259 |01:50:58 ~-~-> 01:51:02 |take that liquidity out yet when it was here? No. Did it take it out right here?
1261 |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
1262 |1261 |01:51:08 ~-~-> 01:51:12 |sweep down here, and as it was dropping down, I said, Watch these wicks in here.
1263 |1262 |01:51:12 ~-~-> 01:51:16 |It overshot the entire low. That's fine. We're not going to trade. We're not
1264 |1263 |01:51:16 ~-~-> 01:51:19 |getting stopped out. We're not getting squeezed out. We're observing and
1265 |1264 |01:51:19 ~-~-> 01:51:22 |watching. What are we waiting for? We want to see it take that low out so out
1266 |1265 |01:51:23 ~-~-> 01:51:29 |drops. What is this forming? Relative equal lows for anybody that's trading to
1267 |1266 |01:51:29 ~-~-> 01:51:33 |nine o'clock going in, waiting for what the first 30 minutes opening range?
1268 |1267 |01:51:35 ~-~-> 01:51:41 |High, high, relative equal highs in an area I told you, this is going to be
1269 |1268 |01:51:41 ~-~-> 01:51:44 |problematic. We need to study this. It needs to it's going to need to get
1270 |1269 |01:51:44 ~-~-> 01:51:47 |through this little area here, because there's two indecisive candles, even
1271 |1270 |01:51:47 ~-~-> 01:51:50 |though that this candle sticks closed and this candle sticks open, is
1272 |1271 |01:51:50 ~-~-> 01:51:55 |basically symmetrical. It's it's close. It doesn't really provide a gap. When I
1273 |1272 |01:51:56 ~-~-> 01:51:59 |see candles like this in the middle of two of them like that, that, to me, is
1274 |1273 |01:51:59 ~-~-> 01:52:02 |something that needs to be repriced to. And if it goes through it in the
1275 |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
1276 |1275 |01:52:05 ~-~-> 01:52:09 |disregard it and never worry about it again. But go back and listen to it
1277 |1276 |01:52:09 ~-~-> 01:52:11 |while we're trading here, I said it needs to go through here, and couldn't
1278 |1277 |01:52:11 ~-~-> 01:52:16 |do it. Went lower, lower, rally one more time. The body's staying inside the
1279 |1278 |01:52:16 ~-~-> 01:52:23 |opening range gap just bumped that high and then took us down to clear this. I
1280 |1279 |01:52:23 ~-~-> 01:52:26 |told you, once it done that, I want to see it trade above the new divide and
1281 |1280 |01:52:26 ~-~-> 01:52:31 |gap on the 16th, come back down. Touch that. And it did. And then I gave you,
1282 |1281 |01:52:31 ~-~-> 01:52:35 |because of all the things I just outlined, Which side did it work?
1283 |1282 |01:52:35 ~-~-> 01:52:40 |Predominantly the sell side. What is the side of the marketplace usually offered
1284 |1283 |01:52:40 ~-~-> 01:52:48 |to the public first the wrong side, they take him down the primrose lane. Okay,
1285 |1284 |01:52:48 ~-~-> 01:52:52 |there was a song My grandpa used to listen to. I don't know the artist said,
1286 |1285 |01:52:52 ~-~-> 01:52:56 |Oh, those old singer, but he used to play every time he would get drunk, he
1287 |1286 |01:52:56 ~-~-> 01:53:00 |would sit there with boxer shorts on, nothing else on, despite Well, that's
1288 |1287 |01:53:00 ~-~-> 01:53:04 |not true. He would wear white tube socks and a pair of boxer shorts his
1289 |1288 |01:53:04 ~-~-> 01:53:08 |underwear, and he'd sit there with a half a guy, ice cream, butter pecan,
1290 |1289 |01:53:08 ~-~-> 01:53:15 |smoking larks cigarettes and watching Gomer Pile drunk as shit. The TV would
1291 |1290 |01:53:15 ~-~-> 01:53:18 |be on, and this guy would be singing something about going down the primrose
1292 |1291 |01:53:18 ~-~-> 01:53:24 |lane. Well, in the market, they send the traders on the wrong side. That's the
1293 |1292 |01:53:24 ~-~-> 01:53:30 |Judas swing. That's the run on price action. That gets people thinking, this
1294 |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
1295 |1294 |01:53:34 ~-~-> 01:53:39 |initially positioned to profit while it's forming, it gives them a sense of
1296 |1295 |01:53:40 ~-~-> 01:53:45 |like comfort when you shouldn't be comfortable. It's usually the wrong side
1297 |1296 |01:53:45 ~-~-> 01:53:48 |of the marketplace, and then it comes down, takes the low out. And remember, I
1298 |1297 |01:53:48 ~-~-> 01:53:52 |was asking, do you feel safe if your stop was here? That's me priming you.
1299 |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,
1300 |1299 |01:53:58 ~-~-> 01:54:01 |Now, what about the people had their stop loss here. Who's made money right
1301 |1300 |01:54:01 ~-~-> 01:54:02 |now?
1302 |1301 |01:54:03 ~-~-> 01:54:04 |Shorts
1303 |1302 |01:54:05 ~-~-> 01:54:09 |anyone long from that low is now unseated. Why did they do that? Because
1304 |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
1305 |1304 |01:54:16 ~-~-> 01:54:21 |here to here is profitable. And why it went down there is to unseat the stops
1306 |1305 |01:54:21 ~-~-> 01:54:28 |that were resting right below that low I took your attention to this area here.
1307 |1306 |01:54:28 ~-~-> 01:54:31 |Told you to Fairbank that was going to be there before that candle closed one
1308 |1307 |01:54:31 ~-~-> 01:54:35 |tick below this candle, that's the institutional order flow entry drill.
1309 |1308 |01:54:35 ~-~-> 01:54:41 |And we don't want to see that entire gap closed in. That gap looks like this.
1310 |1309 |01:54:46 ~-~-> 01:54:52 |That's your fair value gap. It went down to this low. Is that still unfilled? Of
1311 |1310 |01:54:52 ~-~-> 01:54:56 |course it is. That's exactly what you want to see as a signature that is the
1312 |1311 |01:54:56 ~-~-> 01:54:59 |algorithm tipping its hand to me, because I know what the fuck I'm looking
1313 |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
1314 |1313 |01:55:04 ~-~-> 01:55:08 |rally up. Where is it going to rally to Michael, new week. New week, opening gap
1315 |1314 |01:55:08 ~-~-> 01:55:12 |low. And then we want to see it trade into the midpoint of that consequent
1316 |1315 |01:55:12 ~-~-> 01:55:15 |encroachment. And does it touch the top of it? Look at the bodies respecting it
1317 |1316 |01:55:15 ~-~-> 01:55:19 |again. Yeah. We wick through it. Admittedly, when I said six, yeah, boom,
1318 |1317 |01:55:19 ~-~-> 01:55:23 |it happened. I thought, because it flashed real quick. My eye was watching
1319 |1318 |01:55:23 ~-~-> 01:55:26 |that this line. I thought that that was this over here, and they had to dig
1320 |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
1321 |1320 |01:55:30 ~-~-> 01:55:33 |there's a balanced price range in there, so it can do that and then send it
1322 |1321 |01:55:33 ~-~-> 01:55:39 |higher. Does your chart show this? I'm quite fucking certain that your chart,
1323 |1322 |01:55:39 ~-~-> 01:55:42 |if you have live data feed right now, if you're watching it after the fact,
1324 |1323 |01:55:42 ~-~-> 01:55:46 |you're now looking at the same thing that's on this chart. And you're going
1325 |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
1326 |1325 |01:55:50 ~-~-> 01:55:56 |is completely random. Like it's random. We're looking at a one minute chart.
1327 |1326 |01:55:57 ~-~-> 01:56:03 |Every fluctuation of any significance is being outlined. The logic is the why
1328 |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?
1329 |1328 |01:56:07 ~-~-> 01:56:11 |Where's the authors? Before 1996 that was outlining anything like that, and it
1330 |1329 |01:56:11 ~-~-> 01:56:15 |happened, and there was nobody doing it while I was becoming who I am today.
1331 |1330 |01:56:16 ~-~-> 01:56:19 |November 5, 1992 that was when I started, on a Thursday night at nine
1332 |1331 |01:56:19 ~-~-> 01:56:32 |o'clock in a house in bird River, Maryland, renting $50 a month, I'm
1333 |1332 |01:56:32 ~-~-> 01:56:37 |sorry, $50 a week, room and board at my aunt uncle's house. And I started to
1334 |1333 |01:56:37 ~-~-> 01:56:44 |learn how to be a trader. November 5, at 9pm on Thursday night, and between then
1335 |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
1336 |1335 |01:56:55 ~-~-> 01:57:00 |tinkered with it for a little bit more after that, and prolonged the progress,
1337 |1336 |01:57:00 ~-~-> 01:57:08 |but I had it figured out in 1996 around April of 96 thereabouts, it was
1338 |1337 |01:57:08 ~-~-> 01:57:17 |springtime, and I was looking out over the water in gunpowder State Park. I
1339 |1338 |01:57:17 ~-~-> 01:57:23 |used to go out there and listen to CDs and tapes and audiobooks and stuff, not
1340 |1339 |01:57:23 ~-~-> 01:57:29 |about trading, just usually it was like Stephen King stuff, and I'd have my
1341 |1340 |01:57:29 ~-~-> 01:57:36 |little Walkman headset. It dawned on me that I have cracked this shit. I figured
1342 |1341 |01:57:36 ~-~-> 01:57:43 |it out like I have it. And it was my moment of astonishment that I have
1343 |1342 |01:57:43 ~-~-> 01:57:47 |arrived, and I didn't realize it until that moment, and I wasn't even looking
1344 |1343 |01:57:47 ~-~-> 01:57:55 |at charts when it happened. But all of these things in price action, they're
1345 |1344 |01:57:55 ~-~-> 01:58:01 |going to repeat. They're going to repeat, but I have to walk Caleb through
1346 |1345 |01:58:01 ~-~-> 01:58:09 |this and prompt him to say, Okay, do you see this? You see this? Watch observe
1347 |1346 |01:58:09 ~-~-> 01:58:13 |what happens when it does this. Watch observe when it happens to do this. When
1348 |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
1349 |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
1350 |1349 |01:58:21 ~-~-> 01:58:24 |here for, but that's what most of you won't happen. And because it ain't
1351 |1350 |01:58:24 ~-~-> 01:58:27 |happening that way, you're going to talk shit because you think number one,
1352 |1351 |01:58:27 ~-~-> 01:58:31 |either you're going to feel good about having done it because it's a release
1353 |1352 |01:58:31 ~-~-> 01:58:34 |for you, or that I'm going to read it get inspired by and say, Okay, well,
1354 |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
1355 |1354 |01:58:38 ~-~-> 01:58:40 |going to do what you want me to do because you're pulling strings. You're
1356 |1355 |01:58:40 ~-~-> 01:58:48 |no Marionette master over me. You feel in charge. You feel in charge of me. No,
1357 |1356 |01:58:48 ~-~-> 01:58:54 |nobody's in charge of me. The Lord is. But these things that repeat over and
1358 |1357 |01:58:54 ~-~-> 01:58:59 |over again in price action, the logic of waiting for the sell side and the buy
1359 |1358 |01:58:59 ~-~-> 01:59:03 |side wants you to define what they are. Just wait for the first one to get
1360 |1359 |01:59:03 ~-~-> 01:59:09 |taken. When that water is disturbed and you see violence, jagged, jagged,
1361 |1360 |01:59:09 ~-~-> 01:59:14 |jagged, jagged. The whole time. These are smooth. And this is smooth. Oh, I
1362 |1361 |01:59:15 ~-~-> 01:59:18 |want to be able to buy down here. Oh, when it goes below that, you buy it.
1363 |1362 |01:59:18 ~-~-> 01:59:28 |Then learn from that. Sometimes it'll be great, sometimes it won't be. We want to
1364 |1363 |01:59:28 ~-~-> 01:59:33 |see a trade above the new day opening gap. That means, I'm saying that once it
1365 |1364 |01:59:33 ~-~-> 01:59:35 |gets above that, it starts to trade here, as long as we don't reach that
1366 |1365 |01:59:35 ~-~-> 01:59:41 |midpoint of that wick right there. Why? Because we've had the stops run below
1367 |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.
1368 |1367 |01:59:48 ~-~-> 01:59:57 |It just doesn't look like one. It's wicking here to take us below that low
1369 |1368 |01:59:58 ~-~-> 02:00:05 |and that low. So this. Low is the low that forms what these relative equal
1370 |1369 |02:00:05 ~-~-> 02:00:10 |lows, and it's also being respective of the new day, opening gap. See the
1371 |1370 |02:00:10 ~-~-> 02:00:14 |bodies. Is this one doing it? No,
1372 |1371 |02:00:18 ~-~-> 02:00:20 |Oh, see, that's logic.
1373 |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
1374 |1373 |02:00:26 ~-~-> 02:00:31 |support. I'm going to use this one because this one here is already showing
1375 |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
1376 |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
1377 |1376 |02:00:41 ~-~-> 02:00:47 |opening gap, and the bodies are showing it right there. So now my attention was
1378 |1377 |02:00:47 ~-~-> 02:00:51 |focused. There we went. Above it. I want to see it trade down. Touch the opening.
1379 |1378 |02:00:52 ~-~-> 02:00:57 |I'm sorry, the new day opening got high. It can trade its lowest, that low one.
1380 |1379 |02:00:57 ~-~-> 02:01:03 |But we don't want to see it close below that wick of that candlesticks, midpoint
1381 |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
1382 |1381 |02:01:07 ~-~-> 02:01:12 |opening. Gap rallied. Showed displacement. Wonderful. Next candle as
1383 |1382 |02:01:12 ~-~-> 02:01:16 |it's forming, this is going to be a fair value gap called before it formed,
1384 |1383 |02:01:16 ~-~-> 02:01:21 |institutional order flow, called before it delivered. I was off by two handles,
1385 |1384 |02:01:21 ~-~-> 02:01:25 |eight ticks, or lair bouncing, or seven ticks? Would it be seven ticks? Let's
1386 |1385 |02:01:25 ~-~-> 02:01:28 |call it two handles. It did not close in that gap, which is exactly what I told
1387 |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
1388 |1387 |02:01:35 ~-~-> 02:01:40 |the constant crushing of the opening range gap there isn't that beautiful. I
1389 |1388 |02:01:40 ~-~-> 02:01:43 |mean, when you see that, doesn't that doesn't let this get your fucking juices
1390 |1389 |02:01:43 ~-~-> 02:01:49 |flowing, like this is stuff that once you study it and you see it, and you're
1391 |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,
1392 |1391 |02:01:55 ~-~-> 02:01:58 |in hindsight, where your eye jumps to it, you'll be able to predict it, like
1393 |1392 |02:01:58 ~-~-> 02:02:04 |I'm proven to you, because you know what it's trying to do. You know what
1394 |1393 |02:02:04 ~-~-> 02:02:10 |handhold it's going to have if price was personified as a rock climber, okay, if
1395 |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
1396 |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
1397 |1396 |02:02:18 ~-~-> 02:02:22 |going to go down in this gap, a gap in here, pull down into this balance price
1398 |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
1399 |1398 |02:02:28 ~-~-> 02:02:35 |live streams once they're there, they're there. Trades into it there only by the
1400 |1399 |02:02:35 ~-~-> 02:02:46 |wick. Consequent encouragement sends us boom, heartache. Shorts are non
1401 |1400 |02:02:46 ~-~-> 02:02:52 |profitable longs that bought in here, knocked out. Who made money? They
1402 |1401 |02:02:52 ~-~-> 02:03:02 |cleared the they cleared a table both sides. When you're watching me. Don't
1403 |1402 |02:03:02 ~-~-> 02:03:08 |try to predict why I'm trying to say something. Just listen, take notes,
1404 |1403 |02:03:08 ~-~-> 02:03:11 |because you're not going to get the lesson until you go back and watch the
1405 |1404 |02:03:11 ~-~-> 02:03:15 |live stream after the fact. If you're just watching it one time through, you
1406 |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
1407 |1406 |02:03:19 ~-~-> 02:03:23 |something wrong. That's a waste of your time. I'm tickled that I'm wasting your
1408 |1407 |02:03:23 ~-~-> 02:03:27 |time because you're not here to learn, and you're wasting your time. I'm doing
1409 |1408 |02:03:27 ~-~-> 02:03:31 |this, and it's profiting my son. It may be profiting a large number of you that
1410 |1409 |02:03:31 ~-~-> 02:03:34 |are watching as well, but that's just something extra. That's not my
1411 |1410 |02:03:34 ~-~-> 02:03:40 |motivation, my vote. My motivation is proving that my son, over time, can do
1412 |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
1413 |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
1414 |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
1415 |1414 |02:03:57 ~-~-> 02:04:03 |learn how to quickly get money, to quickly make money, to quickly blow your
1416 |1415 |02:04:03 ~-~-> 02:04:12 |accounts to stratosphere levels you're thinking about it wrong. Your idea about
1417 |1416 |02:04:12 ~-~-> 02:04:16 |making money is going to surpass the necessity for you to be humble and just
1418 |1417 |02:04:17 ~-~-> 02:04:21 |take in information. That's what he's doing. He's not trying to predict what
1419 |1418 |02:04:21 ~-~-> 02:04:24 |it's going to do. He's listening. He's observing. He's watching it. He's
1420 |1419 |02:04:24 ~-~-> 02:04:27 |watched me do this side by side right next to him. He's watched me take the
1421 |1420 |02:04:27 ~-~-> 02:04:32 |trades. He's watched me make your fucking annual salary in one trade. He's
1422 |1421 |02:04:32 ~-~-> 02:04:39 |watched me do that. But he's also unaware on how to do it himself. So this
1423 |1422 |02:04:39 ~-~-> 02:04:43 |is, this is how I would talk to him. I would not be adding anything extra than
1424 |1423 |02:04:45 ~-~-> 02:04:50 |what I'm doing here. This is exactly how I talked to him when it's something
1425 |1424 |02:04:50 ~-~-> 02:04:53 |that's it's salient and it's meaningful. It has an impact, or will have an
1426 |1425 |02:04:53 ~-~-> 02:04:57 |impact, on his growth and what he'll probably be wasting time if he falls
1427 |1426 |02:04:57 ~-~-> 02:05:00 |victim to worrying about this and not paying attention to things I'm. Talking
1428 |1427 |02:05:00 ~-~-> 02:05:06 |about, if he doesn't listen, it's going to take him longer if he listens.
1429 |1428 |02:05:06 ~-~-> 02:05:13 |Applies the things I'm showing you, the logic. These things you'll see, they
1430 |1429 |02:05:13 ~-~-> 02:05:17 |will repeat, and because they're repeating, and because I'm here every
1431 |1430 |02:05:17 ~-~-> 02:05:21 |single day, over top of live price action, outlining them, explaining them
1432 |1431 |02:05:21 ~-~-> 02:05:27 |to you. I mean, think about it. How many things are you seeing happen every time
1433 |1432 |02:05:27 ~-~-> 02:05:32 |we get a live stream going, you're seeing fluctuations in price action
1434 |1433 |02:05:32 ~-~-> 02:05:36 |outlined beforehand. Is it every single candle providing you a trade? No, and
1435 |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
1436 |1435 |02:05:45 ~-~-> 02:05:48 |thing I'm looking for. There might be some wiggle and waggle in price action
1437 |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
1438 |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,
1439 |1438 |02:05:56 ~-~-> 02:06:01 |institutional order for entry. We're talking about entries this week. Did it
1440 |1439 |02:06:01 ~-~-> 02:06:10 |work? You tell me, you tell me, expose e you tell me, Mr. YouTuber, trying to
1441 |1440 |02:06:10 ~-~-> 02:06:12 |make money with affiliate links and talking to other fucking people, you
1442 |1441 |02:06:12 ~-~-> 02:06:17 |fucking clown Come on. You tell me. Is it working? Am I Am I throwing my career
1443 |1442 |02:06:17 ~-~-> 02:06:24 |away? Am I I'm out here clowning you, you fucking retard. The fuck out of
1444 |1443 |02:06:24 ~-~-> 02:06:28 |here, you fucking piece of shits. Students that stay here and learn how to
1445 |1444 |02:06:28 ~-~-> 02:06:33 |do this, they will be laughing at you like I laugh at you, because once they
1446 |1445 |02:06:33 ~-~-> 02:06:37 |know how this is done in their own hands, nobody's going to convince them
1447 |1446 |02:06:37 ~-~-> 02:06:41 |otherwise. Because this is the truth, this is the market, and there ain't
1448 |1447 |02:06:41 ~-~-> 02:06:46 |nothing better. Nothing's going to be better than this. How the fuck can you
1449 |1448 |02:06:46 ~-~-> 02:06:52 |improve upon perfection? How can you you'll know when to do something, when
1450 |1449 |02:06:52 ~-~-> 02:06:55 |not to do something. You know when a market's going to behave a certain way.
1451 |1450 |02:06:56 ~-~-> 02:07:00 |You talk about volume, profile, that's really a, really a poor choice of of
1452 |1451 |02:07:00 ~-~-> 02:07:06 |words. Because if I say a market profile, invariably, some of you are
1453 |1452 |02:07:06 ~-~-> 02:07:11 |thinking, Oh, well, he's just renaming volume profile. No, what I'm saying is
1454 |1453 |02:07:12 ~-~-> 02:07:18 |there are schematics on how the price will behave a certain way, on an
1455 |1454 |02:07:18 ~-~-> 02:07:23 |individual session basis, on a daily basis, on a weekly range basis, and on a
1456 |1455 |02:07:23 ~-~-> 02:07:30 |monthly range basis, on a quarterly basis. And for the year, I know that if
1457 |1456 |02:07:30 ~-~-> 02:07:33 |I didn't know that, I couldn't sit here and tell you when certain things are
1458 |1457 |02:07:33 ~-~-> 02:07:38 |going to form on a one minute chart, on a 15 second fucking chart. How could
1459 |1458 |02:07:38 ~-~-> 02:07:42 |that be possible? How is that possible unless I know something that nobody else
1460 |1459 |02:07:42 ~-~-> 02:07:47 |fucking knows. That's not bragging. I'm forcing you to make a critical
1461 |1460 |02:07:47 ~-~-> 02:07:52 |assessment. Here. Are you paying attention? Because clearly, this is not
1462 |1461 |02:07:52 ~-~-> 02:07:58 |harmonic bullshit. It's not supply and demand, it's elements of time then
1463 |1462 |02:07:58 ~-~-> 02:08:03 |waiting for price to do something as a response to what's done at the specific
1464 |1463 |02:08:03 ~-~-> 02:08:12 |time you're waiting. And to make it very, very easy, to make it very simple,
1465 |1464 |02:08:13 ~-~-> 02:08:19 |I taught my son to outline the liquidity above and below the marketplace and wait
1466 |1465 |02:08:19 ~-~-> 02:08:24 |for the first one to be taken and then the second one will come later, because
1467 |1466 |02:08:24 ~-~-> 02:08:30 |the first one shall later be last. That's in Scripture. That's the same
1468 |1467 |02:08:30 ~-~-> 02:08:35 |thing you're seeing in the marketplace. This liquidity was saved. And what
1469 |1468 |02:08:35 ~-~-> 02:08:40 |you're going to learn the key takeaways, Caleb, is, if this is going to be taken
1470 |1469 |02:08:40 ~-~-> 02:08:43 |second, that means it's going to potentially move a little bit more
1471 |1470 |02:08:43 ~-~-> 02:08:50 |beyond this one. Meaning, what if you know that a daily range, and I'm going
1472 |1471 |02:08:50 ~-~-> 02:08:55 |to let me draw a crude depiction of a thunder, another daily candlestick here.
1473 |1472 |02:08:55 ~-~-> 02:09:02 |We're not canceling, but open highly close. If you're enjoying this and
1474 |1473 |02:09:02 ~-~-> 02:09:07 |you're making leaps and bounds in your understanding or just entertained, this
1475 |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
1476 |1475 |02:09:11 ~-~-> 02:09:16 |took the thumbs up, that means that I connected with you on a level that has
1477 |1476 |02:09:16 ~-~-> 02:09:22 |helped you understand and inspired you to stick with it. If you don't put the
1478 |1477 |02:09:22 ~-~-> 02:09:27 |thumbs up, I'm still going to keep doing it, because that means that you want me
1479 |1478 |02:09:27 ~-~-> 02:09:29 |to stop, and I'm going to deny you.
1480 |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
1481 |1480 |02:09:38 ~-~-> 02:09:42 |that. I'm sure there's probably an easier way just calling it ICT. I heard
1482 |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
1483 |1482 |02:09:50 ~-~-> 02:09:56 |a individual bar for a daily chart. Okay, so in other words, it's, it's
1484 |1483 |02:09:56 ~-~-> 02:10:04 |representing the highest high i. In the lowest low of the day, okay? And say in
1485 |1484 |02:10:04 ~-~-> 02:10:08 |your in your mind, that you're looking at the market and you're studying weekly
1486 |1485 |02:10:08 ~-~-> 02:10:12 |charts and monthly charts and daily charts over the weekend, before the
1487 |1486 |02:10:12 ~-~-> 02:10:16 |market starts trading on Sunday at 6pm I'm going to say this portion here, and
1488 |1487 |02:10:16 ~-~-> 02:10:19 |then we'll drop down to a 15 second chart and look at the fluctuations. And
1489 |1488 |02:10:19 ~-~-> 02:10:22 |then I'm going to close the session now, because it's getting a little bit too
1490 |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
1491 |1490 |02:10:28 ~-~-> 02:10:32 |small, because my son doesn't have a lot of time after he works to watch all
1492 |1491 |02:10:32 ~-~-> 02:10:37 |these things, so I have to be a little bit more economical with my time, as
1493 |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
1494 |1493 |02:10:41 ~-~-> 02:10:47 |behind, so he's not watching these in the entirety from the beginning to end,
1495 |1494 |02:10:47 ~-~-> 02:10:50 |because he's working, and I don't want to get in trouble while he's worth
1496 |1495 |02:10:50 ~-~-> 02:10:57 |watching my stuff at work. You shouldn't do that. So that's kind of like where
1497 |1496 |02:10:57 ~-~-> 02:11:01 |I'm trying to aim for going forward. And it's a little bit complicated, because
1498 |1497 |02:11:01 ~-~-> 02:11:04 |you're gonna eventually have to trade the whole session, right? So you have to
1499 |1498 |02:11:04 ~-~-> 02:11:08 |have the, at least the entire session in the live stream to talk about what it is
1500 |1499 |02:11:08 ~-~-> 02:11:12 |and what it isn't. But if this is the daily range, okay, not a candlestick,
1501 |1500 |02:11:12 ~-~-> 02:11:16 |but an Open, High, Low, Close bar. So this is the open, this is the lowest
1502 |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
1503 |1502 |02:11:19 ~-~-> 02:11:26 |where it stops trading. Okay, if you're thinking is that we're probably going to
1504 |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
1505 |1504 |02:11:32 ~-~-> 02:11:38 |in that direction higher, okay? And you're watching price action at 930
1506 |1505 |02:11:39 ~-~-> 02:11:49 |here, and you've defined as we did here, the sell side was here. We incorporated
1507 |1506 |02:11:49 ~-~-> 02:11:54 |that old, new date opening that, and we gave you the buy side. So if we're
1508 |1507 |02:11:54 ~-~-> 02:11:56 |opening right here at that candlesticks tick opening,
1509 |1508 |02:11:57 ~-~-> 02:11:59 |we go back over here.
1510 |1509 |02:12:01 ~-~-> 02:12:07 |If that opening price on that I'm gonna move this vertical line so as you can
1511 |1510 |02:12:07 ~-~-> 02:12:14 |see it better, so that opening, we opened went up, closed down. That
1512 |1511 |02:12:14 ~-~-> 02:12:20 |opening right there represents this graphically in my diagram. Okay, and
1513 |1512 |02:12:20 ~-~-> 02:12:25 |then from that open price, that movement from here to that low, that low would
1514 |1513 |02:12:25 ~-~-> 02:12:29 |represent that low on the daily Open, High, Low, Close bar. So what we're
1515 |1514 |02:12:29 ~-~-> 02:12:35 |saying is the open and the initial drop down, that's the fake move. That's the
1516 |1515 |02:12:35 ~-~-> 02:12:41 |Judah swing. That's where smart money buys. Okay, now the complication comes
1517 |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
1518 |1517 |02:12:46 ~-~-> 02:12:50 |here. I don't expect him to buy the rejection block. I don't expect him to
1519 |1518 |02:12:50 ~-~-> 02:12:53 |buy down here. Below that low that's too much of an expectation placed on him.
1520 |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
1521 |1520 |02:12:58 ~-~-> 02:13:01 |that clearly. You can see I've done I've done executions with live accounts.
1522 |1521 |02:13:01 ~-~-> 02:13:07 |Proved it. They were in live accounts. You can see it there, signed in to my
1523 |1522 |02:13:07 ~-~-> 02:13:10 |account. It's on this channel, still written a TD Ameritrade show every
1524 |1523 |02:13:10 ~-~-> 02:13:15 |single day with the broker statements are shown every single day. Okay? It's
1525 |1524 |02:13:15 ~-~-> 02:13:18 |there people that want to talk about, I don't trade real money. Kiss my fucking
1526 |1525 |02:13:18 ~-~-> 02:13:25 |ass. I'm out here doing it. You talking about, but that opening price here, down
1527 |1526 |02:13:25 ~-~-> 02:13:31 |to that low in that area, that range, that means where this low forms and
1528 |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
1529 |1528 |02:13:36 ~-~-> 02:13:42 |just hunting something to be long. You can feel confident that when you're
1530 |1529 |02:13:42 ~-~-> 02:13:45 |working towards holding on to trades that pan out longer term. Patrick wheel,
1531 |1530 |02:13:45 ~-~-> 02:13:49 |and this is for you, buddy, because you need to learn how to fucking trade this
1532 |1531 |02:13:49 ~-~-> 02:13:53 |movement from the opening price of the shock team right now. He's like, What
1533 |1532 |02:13:53 ~-~-> 02:13:57 |the fuck is called darning. Yeah, your your listeners need to support you too,
1534 |1533 |02:13:57 ~-~-> 02:14:00 |not trolling. You shouldn't encourage him, because if he starts doing stuff
1535 |1534 |02:14:00 ~-~-> 02:14:07 |like this, he'll start making real big money, real big money, and he'll be
1536 |1535 |02:14:07 ~-~-> 02:14:11 |amazing to watch live streaming and doing it. Okay, but this opening price
1537 |1536 |02:14:11 ~-~-> 02:14:19 |down to that low, that range, okay, graphically looks like this, that little
1538 |1537 |02:14:19 ~-~-> 02:14:22 |sweet spot right here,
1539 |1538 |02:14:29 ~-~-> 02:14:33 |inside that range. That's where your best opportunity to buy and hold and
1540 |1539 |02:14:33 ~-~-> 02:14:37 |just wait until we get to the lunch hour and then measure out where it can
1541 |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,
1542 |1541 |02:14:41 ~-~-> 02:14:45 |you can determine where it's going to go lower. You can determine that and not
1543 |1542 |02:14:45 ~-~-> 02:14:50 |place your stop loss within grasp of that. Ideally, what you want to do is
1544 |1543 |02:14:50 ~-~-> 02:14:53 |learn to try to enter when you're bullish, longer term, when you think
1545 |1544 |02:14:53 ~-~-> 02:14:55 |it's going to go higher. So don't think that this is a one trick coating
1546 |1545 |02:14:55 ~-~-> 02:14:59 |intraday trading only, and you can never use it to make bigger money. You can
1547 |1546 |02:14:59 ~-~-> 02:15:04 |you. But you can't, you can't appreciate this type of daily candlestick flows
1548 |1547 |02:15:04 ~-~-> 02:15:08 |until you first learn how to read these intraday price fluctuations. Because by
1549 |1548 |02:15:08 ~-~-> 02:15:11 |doing it this way, number one, you're going to get a lot of exercise. You're
1550 |1549 |02:15:11 ~-~-> 02:15:17 |going to get a lot of price action to digest and learn from. Because
1551 |1550 |02:15:17 ~-~-> 02:15:20 |everything I'm showing you here is fractal. You can apply it to a weekly
1552 |1551 |02:15:20 ~-~-> 02:15:24 |chart. You can apply it to a monthly chart. You can drill down to a five
1553 |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
1554 |1553 |02:15:28 ~-~-> 02:15:34 |frame your model? But for folks that want to use this for longer term holding
1555 |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
1556 |1555 |02:15:38 ~-~-> 02:15:42 |criticized by students that actually aren't paid students too. They're like
1557 |1556 |02:15:42 ~-~-> 02:15:47 |you said in our lectures, that days that go up are classic by day, yeah, but you
1558 |1557 |02:15:47 ~-~-> 02:15:53 |can't participate on them if they make this low before 830 I'm sorry, before
1559 |1558 |02:15:53 ~-~-> 02:15:57 |930 is opening bell, and you're trading at 930 and you're streaming at 930 How
1560 |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
1561 |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
1562 |1561 |02:16:07 ~-~-> 02:16:11 |I can't do that. But for those individuals that know that this is what
1563 |1562 |02:16:11 ~-~-> 02:16:16 |it looks like, not every classic by day or classic sell day where it's just one
1564 |1563 |02:16:16 ~-~-> 02:16:22 |direction that's not the same, a classic buy day is just it moves up and closes
1565 |1564 |02:16:22 ~-~-> 02:16:27 |up high. It doesn't mean it's one direction with no retracements. There
1566 |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
1567 |1566 |02:16:30 ~-~-> 02:16:33 |very, very fun. And I'm teaching you how to do those types of things right here,
1568 |1567 |02:16:33 ~-~-> 02:16:39 |right now, addressing paid students that question me critically, I might add,
1569 |1568 |02:16:39 ~-~-> 02:16:43 |disrespectfully. I might add, if I was Negan, you get a fucking molten, hot
1570 |1569 |02:16:43 ~-~-> 02:16:46 |lava shit poured over your fucking head because of that, you better talk nicely
1571 |1570 |02:16:46 ~-~-> 02:16:52 |to me. Better remember who daddy is. So we have the opening, which is that price
1572 |1571 |02:16:52 ~-~-> 02:16:59 |there, and any movement down, we don't need it to tell us in advance what the
1573 |1572 |02:16:59 ~-~-> 02:17:02 |lowest lowest see that that's the part that's going to hurt you, because you're
1574 |1573 |02:17:02 ~-~-> 02:17:06 |thinking, I need to know how to buy below the opening price. Because that
1575 |1574 |02:17:06 ~-~-> 02:17:11 |was what I that was my biggest challenge, because Larry Williams said
1576 |1575 |02:17:11 ~-~-> 02:17:16 |he couldn't determine how to do that. So he would buy strength breaking above the
1577 |1576 |02:17:16 ~-~-> 02:17:19 |opening price. And every time I did that, it would hurt me, because it would
1578 |1577 |02:17:19 ~-~-> 02:17:24 |retrace back down in and it would crush me. I would get stopped out because I
1579 |1578 |02:17:24 ~-~-> 02:17:28 |was over leveraging in my 20s, and I wanted to get to the end of the game
1580 |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
1581 |1580 |02:17:30 ~-~-> 02:17:34 |putting all the emphasis on all the wrong shit, hoping that I could get
1582 |1581 |02:17:34 ~-~-> 02:17:37 |myself around all the adversities that I knew were likely. But I just put
1583 |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
1584 |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
1585 |1584 |02:17:45 ~-~-> 02:17:49 |things, same things that happened to you, happen to me, but it happened in
1586 |1585 |02:17:49 ~-~-> 02:17:53 |much more stunning fashion, because I was willing to put more money in
1587 |1586 |02:17:53 ~-~-> 02:17:58 |constantly, and trade without any stock, without any measure of concern about it
1588 |1587 |02:17:58 ~-~-> 02:18:03 |losing. I only saw the potential of it winning every single time. So that's
1589 |1588 |02:18:03 ~-~-> 02:18:10 |toxic, and you got to avoid that. But at the opening price or below, that's what
1590 |1589 |02:18:10 ~-~-> 02:18:13 |Larry Williams is saying. He couldn't figure that out. And he faces he said,
1591 |1590 |02:18:13 ~-~-> 02:18:17 |You know, I don't know if, if he knew the addresses or the not the address,
1592 |1591 |02:18:17 ~-~-> 02:18:20 |but the zip codes of the traders that knew how do that would be helpful. It
1593 |1592 |02:18:20 ~-~-> 02:18:24 |was facetious statement, but I was like, You know what? Here's my hero in 1995
1594 |1593 |02:18:25 ~-~-> 02:18:30 |I'm watching this man who went out there in public, physically took $10,000 to
1595 |1594 |02:18:30 ~-~-> 02:18:35 |$2.2 million fell, got hurt, and then traded back to $1.2 million and
1596 |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
1597 |1596 |02:18:39 ~-~-> 02:18:45 |just took place, man. He did it. Okay. So that was my hero. That was everything
1598 |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
1599 |1598 |02:18:48 ~-~-> 02:18:52 |that. Never meet your hero. Never look up to your hero and put them on a
1600 |1599 |02:18:52 ~-~-> 02:18:55 |pedestal, because eventually you get more information about that person,
1601 |1600 |02:18:55 ~-~-> 02:19:00 |you'll find out they're done as heroic as you thought. And it hurts. It hurts.
1602 |1601 |02:19:00 ~-~-> 02:19:05 |And I'm not saying anything bad about Larry. I'm just saying that I took his
1603 |1602 |02:19:06 ~-~-> 02:19:10 |public statement about what he was unable to see in price action, and that
1604 |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
1605 |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
1606 |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
1607 |1606 |02:19:25 ~-~-> 02:19:28 |know the opening price, that's a finite number, they're not going to move that
1608 |1607 |02:19:28 ~-~-> 02:19:33 |around. It's right there. It's the opening tick on that candle. Then simply
1609 |1608 |02:19:33 ~-~-> 02:19:39 |wait for it to drop. Aim for liquidity, or aim for any inefficiency below that
1610 |1609 |02:19:39 ~-~-> 02:19:42 |price to the left over here. Okay, the first stages were the sell side
1611 |1610 |02:19:42 ~-~-> 02:19:45 |liquidity, and then that knew the opening gap. It pierced through both of
1612 |1611 |02:19:45 ~-~-> 02:19:48 |them. And then what it did came right back to opening range. And I said it was
1613 |1612 |02:19:48 ~-~-> 02:19:54 |spending too much time into it here. And then it drops takes out that low. Then I
1614 |1613 |02:19:54 ~-~-> 02:19:59 |told you I took your attention to that wick, the midpoint of that and we want
1615 |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
1616 |1615 |02:20:04 ~-~-> 02:20:07 |something. If you didn't know about the new day opening gap, why would you
1617 |1616 |02:20:07 ~-~-> 02:20:10 |expect this candle to drop to that level right there and then send it high? Why
1618 |1617 |02:20:10 ~-~-> 02:20:15 |would why would you expect that you fucking wouldn't. You would have never
1619 |1618 |02:20:15 ~-~-> 02:20:19 |expected that to happen. That would have never fucking happened. But here it is.
1620 |1619 |02:20:19 ~-~-> 02:20:24 |Go to ICT, sitting here, 50 to 52 years old. Could be sitting on a fucking beach
1621 |1620 |02:20:24 ~-~-> 02:20:27 |sipping on some pina colada, non alcoholic, relaxing. I could have been
1622 |1621 |02:20:27 ~-~-> 02:20:33 |doing anything else but this, and I'm explaining it to you beforehand, for
1623 |1622 |02:20:33 ~-~-> 02:20:41 |free, for free, no fucking course, payments required. Taking your attention
1624 |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
1625 |1624 |02:20:44 ~-~-> 02:20:47 |that's an institution order flow entry drill. That means it's not going to
1626 |1625 |02:20:47 ~-~-> 02:20:51 |close the gap in. It's going to leave a portion open, and then it fucking does
1627 |1626 |02:20:53 ~-~-> 02:20:57 |it. What's occurring, this fair value gap with the institutional order flow
1628 |1627 |02:20:57 ~-~-> 02:21:01 |entry drill and leaving that gap open? Where's that? Where's that forming in
1629 |1628 |02:21:01 ~-~-> 02:21:06 |the context of the daily range based on this logic over here, it's inside that,
1630 |1629 |02:21:06 ~-~-> 02:21:14 |open to the low, open to the low. Look. I'll use the same thing graphically
1631 |1630 |02:21:14 ~-~-> 02:21:17 |depicting. I'm not predicting the closing price. Don't get me wrong. I'm
1632 |1631 |02:21:17 ~-~-> 02:21:21 |just saying, if you go in every single day with this logic while you're
1633 |1632 |02:21:21 ~-~-> 02:21:25 |learning how to do it better. This is how you grow in holding on to trades.
1634 |1633 |02:21:25 ~-~-> 02:21:30 |And eventually you are going to catch a fucking tiger by the tail, and baby,
1635 |1634 |02:21:30 ~-~-> 02:21:33 |when it starts running, you better hold the fuck on, because you're going
1636 |1635 |02:21:33 ~-~-> 02:21:39 |through all kinds of shit, sticker bushes, water, dry ground, rocks, tear
1637 |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,
1638 |1637 |02:21:43 ~-~-> 02:21:47 |when it closes like this, on the days that it doesn't, man, you've made tons.
1639 |1638 |02:21:48 ~-~-> 02:21:53 |You've made tons, and that fixes all kinds of screw ups. It fixes all kinds
1640 |1639 |02:21:53 ~-~-> 02:21:57 |of drawdown it fixes all kinds of days where you did too much and you gave back
1641 |1640 |02:21:57 ~-~-> 02:22:01 |wins. It fixes all that stuff, and it smooths out your monthly equity curve.
1642 |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,
1643 |1642 |02:22:06 ~-~-> 02:22:11 |handles, 20 handles, and, yeah, you're a success. You can and it's going to prove
1644 |1643 |02:22:11 ~-~-> 02:22:16 |to him that you don't need anything more than that to make your job. But
1645 |1644 |02:22:16 ~-~-> 02:22:21 |eventually he's going to be forced into trading like this. See, I this is my
1646 |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
1647 |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
1648 |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
1649 |1648 |02:22:36 ~-~-> 02:22:39 |worried about it's going to happen. Boom, done. He can go in here like a
1650 |1649 |02:22:39 ~-~-> 02:22:42 |fucking money tree, walk out back, pluck some fucking Benjamins off the fucking
1651 |1650 |02:22:42 ~-~-> 02:22:45 |branch, stuff his pockets, go fucking spin it and not worry about the price
1652 |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
1653 |1652 |02:22:48 ~-~-> 02:22:52 |that's narcissistic, go fuck yourself this. Why would you want anything less?
1654 |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.
1655 |1654 |02:22:57 ~-~-> 02:23:03 |That's not biblical. People that send me stuff, you God, the God doesn't want you
1656 |1655 |02:23:03 ~-~-> 02:23:08 |trading. He literally teaches a parable about giving a reward for people that do
1657 |1656 |02:23:08 ~-~-> 02:23:11 |the very thing that we do. We're investing, we're not gambling. Does this
1658 |1657 |02:23:11 ~-~-> 02:23:16 |look like fucking gambling? Knowing what you're looking for, waiting for the
1659 |1658 |02:23:16 ~-~-> 02:23:20 |criteria to be met, and then having sound logic, saying it should behave
1660 |1659 |02:23:20 ~-~-> 02:23:25 |like this, and then it does inside the range between the open down to the low.
1661 |1660 |02:23:25 ~-~-> 02:23:29 |There's your fair value. Get right there. That is your low risk.
1662 |1661 |02:23:34 ~-~-> 02:23:41 |Oh, and you did it? Live. You outline the details. Live. No hindsight, no
1663 |1662 |02:23:41 ~-~-> 02:23:48 |edited out here in front of everybody, it either works or it doesn't. I either
1664 |1663 |02:23:48 ~-~-> 02:23:52 |do my victory lap or I fall on my face. Which is it? Which happened in your
1665 |1664 |02:23:52 ~-~-> 02:23:56 |chart? Pun, isn't it? So eventually, what happens is, by entering like this,
1666 |1665 |02:23:56 ~-~-> 02:24:00 |when you have a longer term bias that you derive from a monthly and a weekly
1667 |1666 |02:24:00 ~-~-> 02:24:06 |chart. So eventually Caleb's going to determine where in that spectrum his
1668 |1667 |02:24:06 ~-~-> 02:24:11 |trades should be focused on. So if you're bullish longer term, and you
1669 |1668 |02:24:11 ~-~-> 02:24:15 |think that this is the criteria that the daily candles are going to form, or the
1670 |1669 |02:24:15 ~-~-> 02:24:19 |day that you're trading is going to form this so this is basically at five, five
1671 |1670 |02:24:19 ~-~-> 02:24:23 |o'clock or 415, Eastern Standard Time that closing price in relationship
1672 |1671 |02:24:23 ~-~-> 02:24:28 |theory, opened up at 930 down here, that's bullish, isn't it? So how can
1673 |1672 |02:24:28 ~-~-> 02:24:34 |you, how can you hold on to those trades without having a whole lot of fear,
1674 |1673 |02:24:34 ~-~-> 02:24:38 |anxiety or scared I'm going to get stopped out. You have to determine how
1675 |1674 |02:24:38 ~-~-> 02:24:43 |to buy at the open or below it, because rarely will it go back down after it
1676 |1675 |02:24:43 ~-~-> 02:24:47 |runs up here, it rarely goes back back down here. If it does, it's probably not
1677 |1676 |02:24:47 ~-~-> 02:24:52 |going to create this condition here. So why do I teach you to take partials?
1678 |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
1679 |1678 |02:24:55 ~-~-> 02:24:59 |advanced understanding, you don't have the experience, you don't have the you.
1680 |1679 |02:25:00 ~-~-> 02:25:05 |The time invested in knowing how to navigate price you don't know. You're
1681 |1680 |02:25:05 ~-~-> 02:25:09 |going to react to everything, adversely, everything. When you're making money,
1682 |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
1683 |1682 |02:25:12 ~-~-> 02:25:16 |supposed to do? I was hoping I was going to move up 20 handles. It just jumped
1684 |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,
1685 |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
1686 |1685 |02:25:25 ~-~-> 02:25:28 |going to get panicked by that, and you're to hold on to it too long,
1687 |1686 |02:25:28 ~-~-> 02:25:32 |because you're not going to notice that it's caused a reversal, because you
1688 |1687 |02:25:32 ~-~-> 02:25:38 |don't have the experience, and that's the first time you made big money. These
1689 |1688 |02:25:38 ~-~-> 02:25:42 |are all lessons that you're going to walk into and discover, wow, I didn't
1690 |1689 |02:25:42 ~-~-> 02:25:45 |know that about myself. I didn't know I was going to handle it that way. You
1691 |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
1692 |1691 |02:25:50 ~-~-> 02:25:54 |nothing to worry about. Bro, it's this everyday thing around here, man, the
1693 |1692 |02:25:54 ~-~-> 02:25:58 |whole time you're shitting bricks because you've never felt that before.
1694 |1693 |02:25:58 ~-~-> 02:26:05 |Your panic, your your heart's tacking 130 beats a minute. You can't catch your
1695 |1694 |02:26:05 ~-~-> 02:26:08 |breath. You're hyperventilating. Your body's tingling. You'd like you're gonna
1696 |1695 |02:26:08 ~-~-> 02:26:11 |pass out and throw up and shit yourself all at the same time. Welcome to
1697 |1696 |02:26:11 ~-~-> 02:26:14 |profitable trading for the first time, because that's exactly what it fucking
1698 |1697 |02:26:14 ~-~-> 02:26:17 |feels like. You've never been there, and nobody can adequately describe it.
1699 |1698 |02:26:17 ~-~-> 02:26:21 |That's the closest thing when you get there, you're like, Damn, he was right.
1700 |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
1701 |1700 |02:26:25 ~-~-> 02:26:31 |that suck? So I'm trying to prevent that. I'm trying to prevent that whole
1702 |1701 |02:26:32 ~-~-> 02:26:36 |escapade because it holds you back when you have it, because it creates scar
1703 |1702 |02:26:37 ~-~-> 02:26:42 |tissue. So by entering in after what side of the marketplace? And it's
1704 |1703 |02:26:42 ~-~-> 02:26:46 |liquidity. Remember, we framed it here. This is easy, folks. I don't know what
1705 |1704 |02:26:46 ~-~-> 02:26:49 |the fuck you people are complaining about relative equal highs and the
1706 |1705 |02:26:50 ~-~-> 02:26:53 |relative equal lows I gave you this morning. Which one does it hit first
1707 |1706 |02:26:53 ~-~-> 02:26:59 |after 930 bang. Okay, so what does that tell you? That's the first stage of
1708 |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
1709 |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
1710 |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
1711 |1710 |02:27:14 ~-~-> 02:27:19 |taught the mentorship, the paid mentorship, is the same way. It's the
1712 |1711 |02:27:19 ~-~-> 02:27:25 |same way. Listen to the liquidity conversations I have in there, the buy
1713 |1712 |02:27:25 ~-~-> 02:27:28 |side and the sell side. Now Johnny asked Munch will sit there and watch this
1714 |1713 |02:27:28 ~-~-> 02:27:32 |stuff and say, Hey, see, he's calling both sides of marketplace. He doesn't
1715 |1714 |02:27:32 ~-~-> 02:27:34 |know what the fuck he's talking about. You're an idiot. You're a fucking idiot.
1716 |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
1717 |1716 |02:27:39 ~-~-> 02:27:43 |fucking due diligence of listening to what I said, get the framework and then
1718 |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
1719 |1718 |02:27:47 ~-~-> 02:27:51 |that way. So you gotta take things out of context. Because 90% of people that
1720 |1719 |02:27:51 ~-~-> 02:27:53 |have any familiarity with me, they are not my students. They'll say, Oh yeah,
1721 |1720 |02:27:53 ~-~-> 02:27:57 |it's a ICT guy. He's hindsight, he's Democrat, he's whatever, because they
1722 |1721 |02:27:57 ~-~-> 02:28:01 |heard everybody else's opinion about it, and they never sat here and was a
1723 |1722 |02:28:01 ~-~-> 02:28:05 |student. They never put themselves through it. But if you take the sell
1724 |1723 |02:28:05 ~-~-> 02:28:09 |side first, that's the first qualifier for an up close day. Because what is it
1725 |1724 |02:28:09 ~-~-> 02:28:14 |doing? It's tricking people that it's going to go down. That's the Judas
1726 |1725 |02:28:14 ~-~-> 02:28:19 |swing. The Judas goat is the goat that leads the lamb, or the lambs, into the
1727 |1726 |02:28:19 ~-~-> 02:28:22 |slaughterhouse. There's a little pathway that the Judas go that's trained to take
1728 |1727 |02:28:23 ~-~-> 02:28:26 |a little detour, not going slaughterhouse. But the sheep are
1729 |1728 |02:28:26 ~-~-> 02:28:31 |stupid. They're following the opinions of other people that are not students of
1730 |1729 |02:28:31 ~-~-> 02:28:34 |mine, that have something to sell, and they want to deter you. They want to
1731 |1730 |02:28:34 ~-~-> 02:28:37 |take you away from it. They want to lead you into their slaughterhouse. Who do
1732 |1731 |02:28:37 ~-~-> 02:28:41 |you want to fucking believe? Who are you going to believe the guy that's
1733 |1732 |02:28:41 ~-~-> 02:28:45 |literally sitting here for fucking free teaching you how to beat the shit out of
1734 |1733 |02:28:45 ~-~-> 02:28:49 |these fucking markets with a level of precision that none of these clowns can
1735 |1734 |02:28:49 ~-~-> 02:28:54 |even come close to, and explaining it over a one minute chart real time with a
1736 |1735 |02:28:54 ~-~-> 02:28:58 |three second delay, and I can't speed it up anymore, baby, that's the fastest
1737 |1736 |02:28:58 ~-~-> 02:29:02 |that YouTube's gonna send it through Its servers. Are you gonna believe the guy
1738 |1737 |02:29:02 ~-~-> 02:29:05 |that says, Oh, this guy's an asshole. Here's my affiliate link. Hope you use
1739 |1738 |02:29:05 ~-~-> 02:29:09 |my broker, because I help me out and support my channel. Who are you gonna
1740 |1739 |02:29:09 ~-~-> 02:29:18 |believe? Who is teaching what they need their money? I am not asking for shit. I
1741 |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
1742 |1741 |02:29:21 ~-~-> 02:29:24 |going to keep working regardless of you using it or not using it, and the more
1743 |1742 |02:29:24 ~-~-> 02:29:27 |people using it. Guess what? It just means there's more witnesses to the fact
1744 |1743 |02:29:27 ~-~-> 02:29:34 |that it's fucking working. But everything is a graduated understanding.
1745 |1744 |02:29:35 ~-~-> 02:29:38 |When Caleb sees that the cell side's taken first, okay, that means it's going
1746 |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,
1747 |1746 |02:29:42 ~-~-> 02:29:47 |when we're bullish, what makes us bullish? Well, we just watched today. It
1748 |1747 |02:29:47 ~-~-> 02:29:51 |took the sell side first, and then it reaches for the buy side. After seeing
1749 |1748 |02:29:51 ~-~-> 02:29:54 |that for days, weeks and months, you get comfortable with that idea. You don't
1750 |1749 |02:29:54 ~-~-> 02:29:57 |need somebody else to tell you in another video, you don't need ICT to
1751 |1750 |02:29:57 ~-~-> 02:30:02 |answer your question about the bias, because you. Already seen it. So then
1752 |1751 |02:30:02 ~-~-> 02:30:11 |the next graduated step is holding through lunch. Aim for 130 close your
1753 |1752 |02:30:11 ~-~-> 02:30:16 |trait entirely at 130 if you're in profit, close it. And you keep doing
1754 |1753 |02:30:16 ~-~-> 02:30:19 |that. And then eventually what you'll do is you'll watch and see that. Eventually
1755 |1754 |02:30:19 ~-~-> 02:30:23 |you'll start seeing the days that do these types of things, they close near
1756 |1755 |02:30:23 ~-~-> 02:30:30 |their high, but just off the high, like it does here. And you'll see that during
1757 |1756 |02:30:30 ~-~-> 02:30:34 |the last hour, it creates that far upstream high, and then right before
1758 |1757 |02:30:34 ~-~-> 02:30:38 |close, it comes off that, and that closes just a little bit below where the
1759 |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
1760 |1759 |02:30:45 ~-~-> 02:30:51 |or below it, and I gave you that real time here today, in such a beautiful,
1761 |1760 |02:30:51 ~-~-> 02:30:56 |beautiful tapestry, it's beautiful, isn't it? See how all this stuff fits
1762 |1761 |02:30:56 ~-~-> 02:31:00 |together. And some of you think this is this is complicated. Well, it's
1763 |1762 |02:31:00 ~-~-> 02:31:03 |complicated Well, it's complicated because it's going to require some
1764 |1763 |02:31:03 ~-~-> 02:31:07 |fucking brain cells, okay? And it's going to require more than 30 seconds of
1765 |1764 |02:31:08 ~-~-> 02:31:17 |spending time looking at it. I'm not tick tock, okay? The logic of following
1766 |1765 |02:31:17 ~-~-> 02:31:22 |this to its completion, you have no idea where you are going to be as a trader
1767 |1766 |02:31:23 ~-~-> 02:31:28 |the let the leaps and bounds that and in the depth of understanding, you're gonna
1768 |1767 |02:31:28 ~-~-> 02:31:32 |be able to have using this information once you have it, no one can take it
1769 |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
1770 |1769 |02:31:36 ~-~-> 02:31:39 |it from you. They can't demoralize you. They can't make you doubt it. You'll
1771 |1770 |02:31:39 ~-~-> 02:31:43 |never fucking doubt it. You'll literally walk around with a fucking raging hard
1772 |1771 |02:31:43 ~-~-> 02:31:46 |on, and you may still be a fucking female but you're gonna be horned up on
1773 |1772 |02:31:46 ~-~-> 02:31:49 |it, because this is the real shit. You will never be scared of the market.
1774 |1773 |02:31:49 ~-~-> 02:31:52 |You're never scared of it, will you respect it absolutely fucking lutely.
1775 |1774 |02:31:55 ~-~-> 02:31:58 |But you won't be fearful. You won't be fearful that it's gonna stop working.
1776 |1775 |02:31:58 ~-~-> 02:32:03 |It's gonna keep working because there's assets and dumbasses always coming in
1777 |1776 |02:32:03 ~-~-> 02:32:06 |the marketplace that want to follow indicators and some bullshit Mickey
1778 |1777 |02:32:06 ~-~-> 02:32:11 |Mouse logic that's sold in books and core seller stuff, there's always gonna
1779 |1778 |02:32:11 ~-~-> 02:32:14 |be some kind of fucking ginnick that comes out and so, oh well, yeah, I was
1780 |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
1781 |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.
1782 |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
1783 |1782 |02:32:26 ~-~-> 02:32:29 |lot unique indicators with my own stuff in it. Some of it ain't right, some of
1784 |1783 |02:32:29 ~-~-> 02:32:33 |it's close. But the point is, is indicators, by Venom itself, is useless.
1785 |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
1786 |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
1787 |1786 |02:32:47 ~-~-> 02:32:52 |bottom of the fucking cliff on a foggy day, okay, and you drive off the fucking
1788 |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
1789 |1788 |02:32:58 ~-~-> 02:33:05 |fucked. You can't stop it. You're done. Indicators are taking what's already
1790 |1789 |02:33:05 ~-~-> 02:33:08 |happened. You're fucking falling off a cliff. You better stop. You're damn
1791 |1790 |02:33:08 ~-~-> 02:33:11 |right. You better stop. But unfortunately, you're gonna stop
1792 |1791 |02:33:11 ~-~-> 02:33:12 |abruptly, and that ends you
1793 |1792 |02:33:14 ~-~-> 02:33:16 |just like it does in your trading account, because you're taking
1794 |1793 |02:33:16 ~-~-> 02:33:19 |mathematically derived information that's been crunched by indicators,
1795 |1794 |02:33:20 ~-~-> 02:33:25 |okay, and attributing to it a level of faith it does not deserve. It doesn't
1796 |1795 |02:33:25 ~-~-> 02:33:30 |give you advanced insight. I'm telling you fair value gaps where they're going
1797 |1796 |02:33:30 ~-~-> 02:33:34 |to form in inversion. Fair Value gaps before they fucking form, before they're
1798 |1797 |02:33:34 ~-~-> 02:33:39 |there. The indicator can never do that. It has to have the old data. Then it
1799 |1798 |02:33:39 ~-~-> 02:33:47 |crunches it then it spits it out. I'm ahead of everything before any of your
1800 |1799 |02:33:47 ~-~-> 02:33:54 |volume bullshit. I'm already ahead of it before any harmonic fucking pattern. I
1801 |1800 |02:33:54 ~-~-> 02:34:00 |already see it coming. And what do you think happens when you're a student of
1802 |1801 |02:34:00 ~-~-> 02:34:07 |mine, and you take it serious, you're just like me. You're informed, you're
1803 |1802 |02:34:07 ~-~-> 02:34:11 |educated, you're fucking light years ahead of everybody else. And when you
1804 |1803 |02:34:11 ~-~-> 02:34:16 |listen to these ass hats, these fucking ankle biters, these little nose mining
1805 |1804 |02:34:16 ~-~-> 02:34:22 |pricks, these 20 year olds that think they know something, they have no idea.
1806 |1805 |02:34:22 ~-~-> 02:34:27 |They have no fucking idea. And it's entertaining as fuck. And I do this
1807 |1806 |02:34:27 ~-~-> 02:34:32 |because I want more of it. I want more of it. You entertain me, you fucking
1808 |1807 |02:34:32 ~-~-> 02:34:36 |assholes, you fucking clowns. I can sit here every fucking day and it's still
1809 |1808 |02:34:36 ~-~-> 02:34:43 |gonna be the same outcome, but you're sitting over there waiting for the day,
1810 |1809 |02:34:43 ~-~-> 02:34:46 |waiting for the day that I'll call one candle wrong, and you'll you'll forget
1811 |1810 |02:34:46 ~-~-> 02:34:52 |everything else in the live stream, but you'll go to that and you're still
1812 |1811 |02:34:52 ~-~-> 02:34:57 |Hawking affiliate links. You're still Hawking some drama, bullshit clowns.
1813 |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
1814 |1813 |02:35:02 ~-~-> 02:35:05 |everybody that learns how to do this will look at people like that the same
1815 |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,
1816 |1815 |02:35:09 ~-~-> 02:35:13 |but you look at and say, No, you dismiss it because it's irrelevant. Their
1817 |1816 |02:35:13 ~-~-> 02:35:17 |opinion is irrelevant because once you adopt your own mindset, your own
1818 |1817 |02:35:17 ~-~-> 02:35:21 |opinion, because you've handled it, you've worked with the information,
1819 |1818 |02:35:21 ~-~-> 02:35:25 |you've tested it, you've seen the benefits of it, and it doesn't have any
1820 |1819 |02:35:25 ~-~-> 02:35:30 |comparison. There's nothing close to it, and there's nothing ever going to be
1821 |1820 |02:35:30 ~-~-> 02:35:40 |better than that, because this is the market. This is it period. Okay, so it's
1822 |1821 |02:35:40 ~-~-> 02:35:43 |a graduated understanding that my son's going to go through, and he knows it's
1823 |1822 |02:35:43 ~-~-> 02:35:49 |going to take him some time. And it's not a quick, real fast type thing,
1824 |1823 |02:35:49 ~-~-> 02:35:53 |because you can't just jump into, well here by the open or below it, and then
1825 |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
1826 |1825 |02:35:56 ~-~-> 02:36:01 |even there? You have to have some kind of a logic that has repeated, that built
1827 |1826 |02:36:01 ~-~-> 02:36:05 |on your understanding modularly, one piece at a time, okay, one little piece
1828 |1827 |02:36:05 ~-~-> 02:36:08 |at a time, and you get more understanding about yourself, how you're
1829 |1828 |02:36:08 ~-~-> 02:36:13 |going to endure or fail. And failure is a normal thing initially. Don't be
1830 |1829 |02:36:13 ~-~-> 02:36:18 |afraid of that, because when you fail in your observations, you highlight these
1831 |1830 |02:36:18 ~-~-> 02:36:22 |little opportunities for you say, Okay, this is exciting because I thought this
1832 |1831 |02:36:22 ~-~-> 02:36:25 |is going to work, but now I'm going to find something with more understanding,
1833 |1832 |02:36:25 ~-~-> 02:36:28 |and it's going to make this so much clearer, and it's probably going to
1834 |1833 |02:36:28 ~-~-> 02:36:31 |unlock something else that I don't even have a question about yet. And it's
1835 |1834 |02:36:31 ~-~-> 02:36:36 |going to keep feeding you. It feeds on itself. That's what that's what excited
1836 |1835 |02:36:36 ~-~-> 02:36:40 |learning feels like. But if you go in thinking that you're going to fail, and
1837 |1836 |02:36:40 ~-~-> 02:36:43 |why bother? And first time I have any kind of adverse adversity, I'm just
1838 |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
1839 |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
1840 |1839 |02:36:52 ~-~-> 02:36:56 |fucking let go, because I promise you're gonna eat and you're gonna fucking eat
1841 |1840 |02:36:56 ~-~-> 02:37:00 |good, real good, better than you ever fucking thought. And you'll be able to
1842 |1841 |02:37:00 ~-~-> 02:37:04 |do it any fucking time you want. You want to take a week off of trading,
1843 |1842 |02:37:04 ~-~-> 02:37:07 |wonderful. Do it, because when you come back, this shit still going to be
1844 |1843 |02:37:07 ~-~-> 02:37:10 |working. You want to take the whole summer off. Wonderful. Do it. When you
1845 |1844 |02:37:10 ~-~-> 02:37:14 |come back in the fall, it's still going to be fucking working. But think about
1846 |1845 |02:37:14 ~-~-> 02:37:17 |how you think about trading right now, and how your educators tell you, Oh,
1847 |1846 |02:37:17 ~-~-> 02:37:20 |man, you got to push your edge. Notice right now the market's really hot. The
1848 |1847 |02:37:20 ~-~-> 02:37:27 |market's always fucking hot. It's always hot. It's always moving around. It's
1849 |1848 |02:37:27 ~-~-> 02:37:32 |always doing these things every single week. It's moving around. It's always
1850 |1849 |02:37:32 ~-~-> 02:37:35 |following time. It's always doing the same thing. It's setting up stupid
1851 |1850 |02:37:35 ~-~-> 02:37:42 |people and knocking them out. What's it doing that for liquidity, that's the
1852 |1851 |02:37:42 ~-~-> 02:37:48 |lifeblood of the marketplace. It's what makes the markets move around. It's
1853 |1852 |02:37:48 ~-~-> 02:37:54 |moving to where orders are resting. And if someone in here that has a vested
1854 |1853 |02:37:54 ~-~-> 02:37:58 |interest in pushing price around, just like a casino, they keep people in that
1855 |1854 |02:37:58 ~-~-> 02:38:02 |lose, and the ones that lose big, they'll give them free fucking rooms.
1856 |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
1857 |1856 |02:38:07 ~-~-> 02:38:11 |while. You're down the day. Oh, no problem. Don't worry here, here's some
1858 |1857 |02:38:11 ~-~-> 02:38:14 |things. Go watch the show. Girls. Go watch the magic that here we're going to
1859 |1858 |02:38:14 ~-~-> 02:38:19 |comp your room. Come back. That fucking room costs them nothing. They want you
1860 |1859 |02:38:19 ~-~-> 02:38:23 |to come back and spend more money. That's what the market does. They keep
1861 |1860 |02:38:23 ~-~-> 02:38:27 |selling that idea. Here's a new indicator, here's a new gimmick, here's
1862 |1861 |02:38:27 ~-~-> 02:38:30 |a new methodology of trading, here's a new guru, here's a new twist on old
1863 |1862 |02:38:30 ~-~-> 02:38:35 |things. There's always going to be suckers coming in, folks that is not
1864 |1863 |02:38:35 ~-~-> 02:38:40 |that's never going to stop happening as people grow older, new people grow
1865 |1864 |02:38:40 ~-~-> 02:38:43 |older, and now they're older in an investment age, and they're gonna agree
1866 |1865 |02:38:43 ~-~-> 02:38:46 |the same horseshit that probably got you into trading, and they're gonna put
1867 |1866 |02:38:46 ~-~-> 02:38:52 |money into it. And that one contract, it's all takes that one contract above
1868 |1867 |02:38:52 ~-~-> 02:38:57 |or below old lows, that's liquidity, and they only need one contract to book
1869 |1868 |02:38:57 ~-~-> 02:39:01 |price. And if you know where they're trading, no not trading, but training
1870 |1869 |02:39:01 ~-~-> 02:39:05 |their eye on taking the market up to a specific level, a la these highs here,
1871 |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
1872 |1871 |02:39:14 ~-~-> 02:39:18 |they cannot ever hide it from you. That should make you feel confident. It
1873 |1872 |02:39:19 ~-~-> 02:39:22 |shouldn't give you a sense of overconfidence, but it should give you
1874 |1873 |02:39:22 ~-~-> 02:39:26 |confidence that this stuff is in your grasp. It just takes a little bit of
1875 |1874 |02:39:26 ~-~-> 02:39:31 |time of you watching it, studying it, take examples, screenshot it, and see
1876 |1875 |02:39:31 ~-~-> 02:39:34 |what it did, and you're going to see the things I'm talking about. It repeats
1877 |1876 |02:39:34 ~-~-> 02:39:40 |every day. That's why the whole the whole moniker, is every week, every day,
1878 |1877 |02:39:40 ~-~-> 02:39:45 |and it won't stop. That's my slogan. That's my little catchphrase. In the
1879 |1878 |02:39:45 ~-~-> 02:39:48 |beginning, it's like, oh, well, he's just bragging because he got right. I
1880 |1879 |02:39:48 ~-~-> 02:39:54 |get it right every fucking week. Every week, it's the fucking same show. I get
1881 |1880 |02:39:54 ~-~-> 02:39:58 |excited and animated because I get to experience it through your eyes, because
1882 |1881 |02:39:58 ~-~-> 02:40:04 |I know you've never seen this. Before. You've never seen it like this, where
1883 |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
1884 |1883 |02:40:08 ~-~-> 02:40:15 |it feels like. That's exactly what it feels like. And it's wonderful. It's
1885 |1884 |02:40:15 ~-~-> 02:40:19 |encouraging. And then you want to teach it to your children when you know it,
1886 |1885 |02:40:20 ~-~-> 02:40:26 |because once they had that skill set, that's it. You're done. You're set. You
1887 |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
1888 |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
1889 |1888 |02:40:33 ~-~-> 02:40:38 |daughters to choose to have some. But all of you that are listening ease
1890 |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
1891 |1890 |02:40:42 ~-~-> 02:40:46 |wake up in the morning. Whenever you wake up, not by an alarm clock, just
1892 |1891 |02:40:46 ~-~-> 02:40:50 |wake up because your body says it's not beauty, up and do something. And you
1893 |1892 |02:40:50 ~-~-> 02:40:55 |decide, do you want to make an annual salary by pushing a couple buttons and
1894 |1893 |02:40:55 ~-~-> 02:40:58 |waiting a little bit of time, or you just want to take another day off
1895 |1894 |02:40:58 ~-~-> 02:41:03 |because it ain't going to bother you do, you have no idea what that feels like.
1896 |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.
1897 |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
1898 |1897 |02:41:15 ~-~-> 02:41:18 |require more than what anybody else would be expected to put themselves
1899 |1898 |02:41:18 ~-~-> 02:41:21 |through, I would be upfront and say, Look, you're probably not going to do
1900 |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
1901 |1900 |02:41:24 ~-~-> 02:41:29 |this. I would come out and tell you, I'm blunt about everything. And I would tell
1902 |1901 |02:41:29 ~-~-> 02:41:35 |you, this is some hard shit, but it's not. What's hard is starting with a
1903 |1902 |02:41:35 ~-~-> 02:41:41 |systematic approach to studying and sticking with it, like a diet or working
1904 |1903 |02:41:41 ~-~-> 02:41:45 |out with weights, you're not getting the results right away. You're deferring the
1905 |1904 |02:41:45 ~-~-> 02:41:49 |results. You're going to put yourself through this process and defer the
1906 |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
1907 |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
1908 |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
1909 |1908 |02:41:58 ~-~-> 02:42:02 |diet. I'm trying that diet. I tried this exercise routine. You actually see this
1910 |1909 |02:42:02 ~-~-> 02:42:05 |new workout routine. Hey, I'm doing the SO and SO split routine. Everybody's got
1911 |1910 |02:42:05 ~-~-> 02:42:09 |something. How about just lift fucking weights and have a caloric deficit? How
1912 |1911 |02:42:09 ~-~-> 02:42:14 |about that? It's simple. Well, I just did that same thing with trading. All
1913 |1912 |02:42:14 ~-~-> 02:42:17 |you're doing is looking at specific element of time. Start watching at
1914 |1913 |02:42:17 ~-~-> 02:42:22 |seven, five up to nine o'clock, regardless if you start seven, eight or
1915 |1914 |02:42:22 ~-~-> 02:42:27 |nine, you're waiting. You're waiting for information to be delivered to you in
1916 |1915 |02:42:27 ~-~-> 02:42:30 |the form of relative equal highs, relative equal lows, and what side of
1917 |1916 |02:42:30 ~-~-> 02:42:39 |the marketplace are they taking first? That's the trap. That is the gimmick.
1918 |1917 |02:42:39 ~-~-> 02:42:46 |That's the snare. That's the Judas swing doing its job, leaving the dumbasses the
1919 |1918 |02:42:46 ~-~-> 02:42:49 |sheep that just going to follow the herd. What's the herd? Whatever the
1920 |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
1921 |1920 |02:42:53 ~-~-> 02:42:57 |it's going down, they're going to sell short. That's what a retail minded
1922 |1921 |02:42:57 ~-~-> 02:43:01 |trader does. That's what they do. They key up on okay, this is what's happening
1923 |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
1924 |1923 |02:43:04 ~-~-> 02:43:06 |some Fuck it. Stop it. I'm gonna so short.
1925 |1924 |02:43:10 ~-~-> 02:43:16 |And sometimes, sometimes it moves continuously for them, and they
1926 |1925 |02:43:16 ~-~-> 02:43:22 |attribute that as skill, and it's not. They're rewarding poor decision making
1927 |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
1928 |1927 |02:43:31 ~-~-> 02:43:35 |better than I thought. It was shit. This was easy, and a couple months went by,
1929 |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
1930 |1929 |02:43:43 ~-~-> 02:43:46 |the market started dropping, having retracements, and I didn't have to go
1931 |1930 |02:43:46 ~-~-> 02:43:49 |short, and I was buying it. And every time I went lower, I bought, bought. Add
1932 |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
1933 |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
1934 |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
1935 |1934 |02:44:03 ~-~-> 02:44:09 |to get back something I lost, that's not profiting, that's getting even. And
1936 |1935 |02:44:09 ~-~-> 02:44:13 |getting even is the same thing as revenge. I want to get even. Fuck that.
1937 |1936 |02:44:14 ~-~-> 02:44:18 |That's that's toxic. How do you avoid all that stuff by knowing what you're
1938 |1937 |02:44:18 ~-~-> 02:44:21 |doing, what you're looking for, and you've been around the block enough
1939 |1938 |02:44:21 ~-~-> 02:44:24 |times know that this is what generally is going to happen. That means you're
1940 |1939 |02:44:24 ~-~-> 02:44:29 |desensitized to it. That's what these live streams do. They show you over real
1941 |1940 |02:44:29 ~-~-> 02:44:34 |price action with somebody that's going to show you 30 years of experience. This
1942 |1941 |02:44:34 ~-~-> 02:44:40 |is what I see through my eyes. This is what I see, watch and observe. That's
1943 |1942 |02:44:40 ~-~-> 02:44:44 |all, that's all you're going to do. And by watching and observing, Caleb is
1944 |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
1945 |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
1946 |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
1947 |1946 |02:44:57 ~-~-> 02:45:00 |have his own questions, just like you have a large degree of. Questions, I'm
1948 |1947 |02:45:00 ~-~-> 02:45:04 |sure, from a session like today. But I want to go into the 15 second chart,
1949 |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
1950 |1949 |02:45:07 ~-~-> 02:45:13 |little area here. So when the market was creating this little run, what I was
1951 |1950 |02:45:13 ~-~-> 02:45:16 |anticipating is that they were going to take this relative equal high out.
1952 |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
1953 |1952 |02:45:23 ~-~-> 02:45:26 |in the lower half of the new week opening gap, which is, this is new week
1954 |1953 |02:45:26 ~-~-> 02:45:33 |opening gap low, and this is new week opening gap high, and all of this price
1955 |1954 |02:45:33 ~-~-> 02:45:36 |in that, I'm sorry, all this price action here on a one minute chart
1956 |1955 |02:45:37 ~-~-> 02:45:43 |doesn't look as clear and obvious as it will when we look at the 15 second
1957 |1956 |02:45:43 ~-~-> 02:45:46 |chart. Next thing that's not what I want to do here.
1958 |1957 |02:45:53 ~-~-> 02:45:54 |Let's look at
1959 |1958 |02:46:00 ~-~-> 02:46:03 |here, if you study the video,
1960 |1959 |02:46:07 ~-~-> 02:46:08 |the hell am I doing?
1961 |1960 |02:46:15 ~-~-> 02:46:16 |There we go,
1962 |1961 |02:46:20 ~-~-> 02:46:26 |right as price creates this price run in here, I've already saw this low, this
1963 |1962 |02:46:26 ~-~-> 02:46:30 |high in that low, on a one minute chart, but like I have the charts over here,
1964 |1963 |02:46:30 ~-~-> 02:46:33 |like I have a one minute chart over here, which is really redundant, I
1965 |1964 |02:46:33 ~-~-> 02:46:34 |should that should be a five,
1966 |1965 |02:46:36 ~-~-> 02:46:38 |and this should be a 15,
1967 |1966 |02:46:41 ~-~-> 02:46:48 |when I'm watching price action, I'm looking at a higher Time Frame chart,
1968 |1967 |02:46:49 ~-~-> 02:46:53 |and if I'm looking at something on a five second chart, a 15 second chart or
1969 |1968 |02:46:53 ~-~-> 02:47:00 |32nd chart, anything less than 6060 seconds, so sub one minute, I have to
1970 |1969 |02:47:00 ~-~-> 02:47:05 |anchor some logic as to what I'm expected to see on the lower time frame.
1971 |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
1972 |1971 |02:47:12 ~-~-> 02:47:16 |different. There's going to be some not always, and it's not going to be always
1973 |1972 |02:47:16 ~-~-> 02:47:21 |a overlap of the same inefficiencies, the same gaps that would exist on a 15
1974 |1973 |02:47:21 ~-~-> 02:47:25 |second chart may or may not exist on your one minute chart. It certainly
1975 |1974 |02:47:25 ~-~-> 02:47:30 |isn't going to likely appear on a five minute chart. So the price continuum,
1976 |1975 |02:47:30 ~-~-> 02:47:34 |price delivery continuum theory is where we're, where we have something
1977 |1976 |02:47:34 ~-~-> 02:47:40 |identified on a higher Time Frame level. And when I say one minute in deference
1978 |1977 |02:47:40 ~-~-> 02:47:44 |to a five second chart. One minute is higher time frame. It's not a
1979 |1978 |02:47:44 ~-~-> 02:47:48 |significant higher Time Frame because it's only a one minute chart. But if I'm
1980 |1979 |02:47:48 ~-~-> 02:47:53 |going to engage price action with the basis of a sub one minute chart, that
1981 |1980 |02:47:53 ~-~-> 02:47:59 |means five second, 15 second, 32nd chart, 45 second chart, something to
1982 |1981 |02:47:59 ~-~-> 02:48:06 |that effect, I'm leaning on the logic that the one minute chart is subordinate
1983 |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
1984 |1983 |02:48:12 ~-~-> 02:48:16 |of your study initially with just a 5/5 I'm sorry, 15 minute, five minute and
1985 |1984 |02:48:16 ~-~-> 02:48:21 |one minute chart, you will have a solid understanding of price action. It
1986 |1985 |02:48:21 ~-~-> 02:48:25 |doesn't mean that you will know when to hold for long term updates or down days.
1987 |1986 |02:48:25 ~-~-> 02:48:29 |It doesn't mean that you're gonna hold for the weekly range. It just gives you
1988 |1987 |02:48:29 ~-~-> 02:48:33 |opportunity to practice and study where and how price delivers and the
1989 |1988 |02:48:33 ~-~-> 02:48:38 |relationship between a 15 minute time frame, how it books price, and then what
1990 |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
1991 |1990 |02:48:42 ~-~-> 02:48:46 |chart. But when you go down to a 15 second chart, or anything less than a
1992 |1991 |02:48:46 ~-~-> 02:48:50 |one minute chart, you're going to see spotty price action that is many times
1993 |1992 |02:48:50 ~-~-> 02:48:56 |acceptable in that time frame. But when you start seeing things that agree with,
1994 |1993 |02:48:57 ~-~-> 02:49:01 |say a one minute chart here, then it's going to be a matter of,
1995 |1994 |02:49:03 ~-~-> 02:49:08 |let me do this. On that chart, I'm
1996 |1995 |02:49:28 ~-~-> 02:49:29 |one second I'm
1997 |1996 |02:50:24 ~-~-> 02:50:32 |You should be seeing the one minute chart with the opening range gap. It's
1998 |1997 |02:50:32 ~-~-> 02:50:41 |shaded here, but it's the portion, the lower half, portion here of the new week
1999 |1998 |02:50:41 ~-~-> 02:50:45 |opening gap. So the new week opening gap high, new week opening gap low. If we've
2000 |1999 |02:50:45 ~-~-> 02:50:49 |measured that like this, and I'm just going to eyeball it, okay,
2001 |2000 |02:50:52 ~-~-> 02:50:54 |to 604. Even
2002 |2001 |02:50:57 ~-~-> 02:51:04 |see that right there? That's the lowest quadrant level. Okay, it can trade to
2003 |2002 |02:51:04 ~-~-> 02:51:08 |the midpoint. But what's a low hanging, low threshold objective, if you're going
2004 |2003 |02:51:08 ~-~-> 02:51:15 |to target something going long, the lower quadrant, right or the low? Okay,
2005 |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
2006 |2005 |02:51:21 ~-~-> 02:51:32 |breaker, low, lower, low, high. That's not a breaker. That's a breaker to me,
2007 |2006 |02:51:34 ~-~-> 02:51:39 |this retracement, every retracement that sees it break to the upside that's a
2008 |2007 |02:51:39 ~-~-> 02:51:44 |breaker inside of here, in this range, the up last, up close can but what is
2009 |2008 |02:51:44 ~-~-> 02:51:47 |that that's a bullish breaker. We're
2010 |2009 |02:51:58 ~-~-> 02:52:02 |trading down into it, and then we have a shift in market structure right there. I
2011 |2010 |02:52:02 ~-~-> 02:52:08 |want to see when this gap formed on what on 15 second chart. All these boxes here
2012 |2011 |02:52:08 ~-~-> 02:52:12 |are relative to a 15 second chart. You'll see it in a second, but I want
2013 |2012 |02:52:12 ~-~-> 02:52:17 |you to look at the logic on a one minute chart shift and market structure on that
2014 |2013 |02:52:17 ~-~-> 02:52:24 |candle right there. Then we have a candle close here. So now on this
2015 |2014 |02:52:24 ~-~-> 02:52:32 |timeframe, we would have this big paradigm shift about take place for you.
2016 |2015 |02:52:36 ~-~-> 02:52:41 |You would see that gap, and this is institutional ortho integer right there,
2017 |2016 |02:52:41 ~-~-> 02:52:44 |if you're trading on the one minute chart, because you don't want to see
2018 |2017 |02:52:44 ~-~-> 02:52:51 |this gap fill in this smaller gap that's different, different shade of color that
2019 |2018 |02:52:51 ~-~-> 02:52:56 |is inside of that gap, because it's a 15 second bicycle balance cell sign in
2020 |2019 |02:52:56 ~-~-> 02:53:05 |efficiency that you want to see what stay open stay open. Then you want to
2021 |2020 |02:53:05 ~-~-> 02:53:09 |see it displace higher, proving that this is going to stay open. And then we
2022 |2021 |02:53:09 ~-~-> 02:53:15 |have what this rejection block is pierced right there. So then on the
2023 |2022 |02:53:15 ~-~-> 02:53:19 |lower time frame 15 second chart, we will drop down to that when it trades
2024 |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?
2025 |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.
2026 |2025 |02:53:33 ~-~-> 02:53:38 |Half that wick, because it treats like a gap, if we measure that, half of that is
2027 |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
2028 |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,
2029 |2028 |02:53:53 ~-~-> 02:54:03 |two hour one hour, 30 minute, 15 minute, five minute, 4321, sub minute on a
2030 |2029 |02:54:03 ~-~-> 02:54:09 |matrix chart where it's a lot of the 54321, and submit sub one minute chart
2031 |2030 |02:54:09 ~-~-> 02:54:13 |time frames I watch and I'm reading price action like this, because that's
2032 |2031 |02:54:13 ~-~-> 02:54:18 |exactly the algorithms doing. It's cycling down and then going right back
2033 |2032 |02:54:18 ~-~-> 02:54:22 |up, cycling down and right back up through the time frames. So if I know
2034 |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
2035 |2034 |02:54:26 ~-~-> 02:54:30 |it going to go to? New week opening gap low, because it's going to gravitate
2036 |2035 |02:54:30 ~-~-> 02:54:33 |towards these new week opening gaps. It's this week's new week opening gap.
2037 |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
2038 |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
2039 |2038 |02:54:43 ~-~-> 02:54:47 |to draw it back in. Well, we're down here waiting for it to prove they wants
2040 |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
2041 |2040 |02:54:51 ~-~-> 02:54:55 |who the hell knows what's going to do. I don't need to buy this institutional
2042 |2041 |02:54:55 ~-~-> 02:54:58 |order flow integer on the one minute chart. I want something that is in line
2043 |2042 |02:54:58 ~-~-> 02:55:03 |after it's a. Curb. It's done this movement here, and then I have this wick
2044 |2043 |02:55:03 ~-~-> 02:55:07 |on the one minute chart. That means that when we opened up here and create that
2045 |2044 |02:55:07 ~-~-> 02:55:14 |that separation. Let me take this off for a second, that separation between
2046 |2045 |02:55:14 ~-~-> 02:55:19 |that wicks high and that candles close, wonderful. The next candle we open up
2047 |2046 |02:55:19 ~-~-> 02:55:25 |here and does what it trades down. There is no gap right here on the one minute
2048 |2047 |02:55:25 ~-~-> 02:55:29 |chart, but there is a consequent encroachment midpoint of that gap on
2049 |2048 |02:55:29 ~-~-> 02:55:34 |that wick, because wicks are gaps. That's the logic I teach you to have. So
2050 |2049 |02:55:34 ~-~-> 02:55:38 |when we see it drop down like this in the recording I put on YouTube, you can
2051 |2050 |02:55:38 ~-~-> 02:55:43 |see I executed a market order. As it went into that, I hit it, market
2052 |2051 |02:55:45 ~-~-> 02:55:50 |rallied, and then I shared this imbalance here, trades into that, and
2053 |2052 |02:55:50 ~-~-> 02:55:56 |then delivers up into the new week, opening gap. Because I'm trading pre
2054 |2053 |02:55:56 ~-~-> 02:56:03 |session, that means even before seven o'clock, I'm using the logic of relative
2055 |2054 |02:56:03 ~-~-> 02:56:10 |equal highs over here. So now watch what occurs in price. Are these? Are these
2056 |2055 |02:56:10 ~-~-> 02:56:15 |relative equal highs hiding from you? Were they in your chart too? Of course,
2057 |2056 |02:56:15 ~-~-> 02:56:18 |they were. Were you watching chart at the time? Maybe, maybe not. I don't
2058 |2057 |02:56:18 ~-~-> 02:56:23 |know, but I know that there's liquidity up there in this list. In this 2024
2059 |2058 |02:56:24 ~-~-> 02:56:30 |mentorship, I taught you to validate a relative equal high. It is a high that
2060 |2059 |02:56:30 ~-~-> 02:56:37 |has a slightly lower high to the right of it. That's it. That's a valid
2061 |2060 |02:56:37 ~-~-> 02:56:40 |relative equal high. That is where your liquidity is most likely going to be
2062 |2061 |02:56:40 ~-~-> 02:56:46 |tapped. Can it run relative equal highs that have a slightly higher high than
2063 |2062 |02:56:46 ~-~-> 02:56:52 |that one? Sure can. The key is, this is the part where you write down shit, if
2064 |2063 |02:56:52 ~-~-> 02:56:56 |you watch that one that has the higher high, if it makes the higher high with
2065 |2064 |02:56:56 ~-~-> 02:57:01 |the wick. But the bodies are still selling showing this this body close is
2066 |2065 |02:57:01 ~-~-> 02:57:05 |slightly lower than that one. If the one that you think is a relative equal high,
2067 |2066 |02:57:05 ~-~-> 02:57:09 |if it wicks above it, but the body still stays below than the one to the left
2068 |2067 |02:57:09 ~-~-> 02:57:13 |that's still a valid relative equal high, and it'll go into the wick. You're
2069 |2068 |02:57:13 ~-~-> 02:57:18 |just going to be met with the challenge of you need to see it trade above and
2070 |2069 |02:57:18 ~-~-> 02:57:22 |close and show speed and magnitude above. If it has a width, it's
2071 |2070 |02:57:22 ~-~-> 02:57:27 |consequent encroachment. Okay, remember, we were looking at when price was diving
2072 |2071 |02:57:27 ~-~-> 02:57:31 |down today, below its initial low after 930 is opening. I said, What's the
2073 |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
2074 |2073 |02:57:36 ~-~-> 02:57:39 |through that? If it does, then you probably part of a more meaningful run.
2075 |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
2076 |2075 |02:57:45 ~-~-> 02:57:48 |what we outlined this morning, and then trade to the opening range gap again and
2077 |2076 |02:57:48 ~-~-> 02:57:51 |to write to the buy side liquidity I outlined at the very beginning of the
2078 |2077 |02:57:52 ~-~-> 02:57:57 |stream. See how this stuff goes together. It's logic that will repeat
2079 |2078 |02:57:57 ~-~-> 02:58:04 |for you, but until you see it and expose yourself to it via livestream, watching
2080 |2079 |02:58:04 ~-~-> 02:58:07 |over real time price action, because if I don't know what I'm talking about,
2081 |2080 |02:58:07 ~-~-> 02:58:12 |you're gonna see it. It will fail miserably, that things won't be there.
2082 |2081 |02:58:12 ~-~-> 02:58:16 |Are you seeing that? Or are you seeing shit that just does not make sense
2083 |2082 |02:58:16 ~-~-> 02:58:21 |otherwise, but works? Yeah, it's like technical science. So this is the draw
2084 |2083 |02:58:21 ~-~-> 02:58:22 |on liquidity. Are
2085 |2084 |02:58:30 ~-~-> 02:58:32 |you having fun? I'm having fun.
2086 |2085 |02:58:36 ~-~-> 02:58:40 |I see your buy stops are here. So that's where your buy side liquidity is. This
2087 |2086 |02:58:40 ~-~-> 02:58:45 |is the entry I'll show you that in a minute, it rallies, creates an imbalance
2088 |2087 |02:58:45 ~-~-> 02:58:49 |here. Notice that this imbalance doesn't even match on the one minute chart, but
2089 |2088 |02:58:49 ~-~-> 02:58:57 |we're watching on the lower time frames. But again, what is here? When price goes
2090 |2089 |02:58:57 ~-~-> 02:59:01 |above it did we just disregard this? Well, if you're watching anything else
2091 |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
2092 |2091 |02:59:10 ~-~-> 02:59:13 |measure it when the timeframe it exists. So there is what consequent
2093 |2092 |02:59:13 ~-~-> 02:59:19 |encroachment? Do these candles touch that consequent encroachment? No. So
2094 |2093 |02:59:19 ~-~-> 02:59:23 |while I'm watching price action. I may be showing you the execution being
2095 |2094 |02:59:23 ~-~-> 02:59:28 |recorded on that one specific time frame. What am I not showing you? It's
2096 |2095 |02:59:28 ~-~-> 02:59:32 |my observations through the price delivery continuum. It's watching higher
2097 |2096 |02:59:32 ~-~-> 02:59:37 |time frames down the lower time frames. And I'm weighing out, do my PD arrays
2098 |2097 |02:59:37 ~-~-> 02:59:42 |keep price from dropping, or if I'm expecting this consequent encroachment
2099 |2098 |02:59:42 ~-~-> 02:59:47 |to trade to which is reasonable, it's consequential. It's consequential to you
2100 |2099 |02:59:47 ~-~-> 02:59:51 |holding onto the trade so it can encroach into the mid part of that wick.
2101 |2100 |02:59:51 ~-~-> 02:59:55 |Hence the name consequent encroachment. So if I'm looking at it and it doesn't
2102 |2101 |02:59:55 ~-~-> 02:59:59 |touch the midpoint of that, if I'm bullish, and if I'm in a long trade,
2103 |2102 |02:59:59 ~-~-> 03:00:04 |does that. Bolster my confidence, or does it chip away at my confidence about
2104 |2103 |03:00:04 ~-~-> 03:00:09 |holding the trade if it fails to touch that midpoint? Is that a good thing, or
2105 |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
2106 |2105 |03:00:13 ~-~-> 03:00:18 |having prices move higher. It's fucking wonderfully delicious. That's exactly
2107 |2106 |03:00:18 ~-~-> 03:00:23 |what I want to see happen. But you aren't taught that in anything else.
2108 |2107 |03:00:23 ~-~-> 03:00:28 |This is real order, flow. I didn't have to show you a market profile, volume. I
2109 |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
2110 |2109 |03:00:33 ~-~-> 03:00:37 |Mouse bullshit. You're literally seeing everything in Open, High, lows, close
2111 |2110 |03:00:37 ~-~-> 03:00:43 |bars, okay, everything is in price, everything. They're never, ever, ever,
2112 |2111 |03:00:43 ~-~-> 03:00:47 |ever, ever, gonna be able to hide it from you. It's never gonna be hidden
2113 |2112 |03:00:47 ~-~-> 03:00:50 |from you. They cannot fucking hide it from you. Stop worrying about it. It's
2114 |2113 |03:00:50 ~-~-> 03:00:54 |gonna not work, because I'm gonna start doing it's gonna stop working. I'm gonna
2115 |2114 |03:00:54 ~-~-> 03:00:58 |change the algorithm. I'm not changing shit. What part of this, don't you
2116 |2115 |03:00:58 ~-~-> 03:01:05 |understand? It's gonna keep fucking working. Man, come on. But you're
2117 |2116 |03:01:05 ~-~-> 03:01:09 |watching time frames that are higher down to the lower time frames. You're
2118 |2117 |03:01:09 ~-~-> 03:01:12 |gonna see things on the lower time frames that you won't see on the higher
2119 |2118 |03:01:12 ~-~-> 03:01:17 |Time Frame, for instance, the 15 second chart. But I'm managing, I'm managing
2120 |2119 |03:01:17 ~-~-> 03:01:23 |the expectation of what the five minutes doing, with the 15 minutes doing, and
2121 |2120 |03:01:23 ~-~-> 03:01:27 |how many things are forming on that 15 minute chart. It's not forming like on a
2122 |2121 |03:01:27 ~-~-> 03:01:32 |15 second chart, and it's behind you after it forms. That means the price is
2123 |2122 |03:01:32 ~-~-> 03:01:35 |advanced. If you're on the right side, you're moving further away from that
2124 |2123 |03:01:35 ~-~-> 03:01:39 |thing that occurred on the 15 minute time frame. For instance, say this, say
2125 |2124 |03:01:39 ~-~-> 03:01:44 |this gap down here was based on a 15 minute time frame, and we're trading
2126 |2125 |03:01:44 ~-~-> 03:01:48 |here. Is this all the influential in terms of watching price action at that
2127 |2126 |03:01:48 ~-~-> 03:01:54 |moment? There no so as I move away from the higher Time Frame PD arrays, that's
2128 |2127 |03:01:54 ~-~-> 03:01:57 |supporting my confidence that the trade's panning out, I don't need to
2129 |2128 |03:01:57 ~-~-> 03:02:01 |worry about the 15 second anymore. My focus drops down to the five. And as
2130 |2129 |03:02:01 ~-~-> 03:02:04 |long as I'm moving away from the PB arrays that swarm on the five minute
2131 |2130 |03:02:04 ~-~-> 03:02:06 |chart, then that's wonderful. That's exactly what I see happen. But I'm
2132 |2131 |03:02:06 ~-~-> 03:02:10 |watching that one minute chart, and then same thing, because one minute is going
2133 |2132 |03:02:10 ~-~-> 03:02:13 |to be closest to anything less than a one minute chart. So the PB arrays that
2134 |2133 |03:02:13 ~-~-> 03:02:17 |form on the one minute chart, if I'm working with a 15 second, 32nd 45
2135 |2134 |03:02:17 ~-~-> 03:02:22 |second, or five second chart, I am very, very hawkish over the one minute chart,
2136 |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
2137 |2136 |03:02:28 ~-~-> 03:02:32 |midpoint of that wick, I'm watching as his feelings. I could see it touch that,
2138 |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
2139 |2138 |03:02:36 ~-~-> 03:02:42 |trade? And you know what you're looking for, for support or resistance? And your
2140 |2139 |03:02:42 ~-~-> 03:02:46 |thing about it goes in the face of trading support, resistance. You want to
2141 |2140 |03:02:46 ~-~-> 03:02:50 |see price, find support at support, right? I want to see it come down, touch
2142 |2141 |03:02:50 ~-~-> 03:02:54 |this and and, and push price higher. Well, that very there's flawed logic,
2143 |2142 |03:02:54 ~-~-> 03:02:58 |because support was ain't pushing shit, but the narrative that causes you to
2144 |2143 |03:02:58 ~-~-> 03:03:03 |lose money and put false hope in something, it doesn't work. I want to
2145 |2144 |03:03:03 ~-~-> 03:03:08 |see a level that could support but not touch it. That right? There is a whole
2146 |2145 |03:03:08 ~-~-> 03:03:13 |paradigm shift. If something is reasonable to assume that this is likely
2147 |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
2148 |2147 |03:03:18 ~-~-> 03:03:23 |doubt, it's immediate feedback. This motherfucker is going up or going down
2149 |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
2150 |2149 |03:03:27 ~-~-> 03:03:32 |it could be touched, think about it. Never thought about like that. Have you
2151 |2150 |03:03:32 ~-~-> 03:03:36 |right? Because I take everything and turn it upside down, and when you do
2152 |2151 |03:03:36 ~-~-> 03:03:40 |that with trading, it works. If you do what everybody else does, you're gonna
2153 |2152 |03:03:40 ~-~-> 03:03:44 |get the same results. 90% of people lose money. 90 people fucking blow their
2154 |2153 |03:03:44 ~-~-> 03:03:48 |accounts out. 90% of people can't be profit long term. They don't see what
2155 |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
2156 |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
2157 |2156 |03:03:53 ~-~-> 03:03:56 |tell you. You can't time the market. What the fuck am I doing here? I'm
2158 |2157 |03:03:56 ~-~-> 03:04:00 |literally telling you in advance what it's gonna do on a one minute candle on
2159 |2158 |03:04:00 ~-~-> 03:04:07 |a 15 second candle. Why it should do it? You have a choice. You either believe
2160 |2159 |03:04:07 ~-~-> 03:04:11 |the god is standing here telling you and proving it to you and charging nothing
2161 |2160 |03:04:11 ~-~-> 03:04:16 |for it, or you believe everybody else. What are you going to do? Do you have a
2162 |2161 |03:04:16 ~-~-> 03:04:20 |choice now? What direction are you going to walk forward with? You going to
2163 |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
2164 |2163 |03:04:24 ~-~-> 03:04:28 |taking lessons, and you're going to learn more as you go. And it costs
2165 |2164 |03:04:28 ~-~-> 03:04:32 |nothing out of your pocket. You're going to grow, and you eventually will make
2166 |2165 |03:04:32 ~-~-> 03:04:36 |more than you've ever fucking needed in your job ever. And what you do beyond
2167 |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
2168 |2167 |03:04:40 ~-~-> 03:04:43 |know you tell me which one's the best watcher decision, but that right there
2169 |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
2170 |2169 |03:04:48 ~-~-> 03:04:52 |the new week opening gap low, right? No, because that's equivalent to and below
2171 |2170 |03:04:52 ~-~-> 03:04:56 |the relative equal highs. It's over here where the stops are. This is where real
2172 |2171 |03:04:56 ~-~-> 03:05:00 |orders are. Anyone that's been short, they have stop orders, right? Here. How
2173 |2172 |03:05:00 ~-~-> 03:05:03 |do you protect a shortstop, I'm sorry, a short position, you put a buy stop on
2174 |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
2175 |2174 |03:05:06 ~-~-> 03:05:11 |going higher. You don't want to hold on to unlimited risk, right? So above highs
2176 |2175 |03:05:11 ~-~-> 03:05:15 |or a singular high after markets dropped, you don't need a book map to
2177 |2176 |03:05:15 ~-~-> 03:05:20 |tell you that there's buy stops above that, you don't need that. Do you need
2178 |2177 |03:05:20 ~-~-> 03:05:24 |it in the beginning to help convey and teach you conceptually, I believe, at
2179 |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
2180 |2179 |03:05:30 ~-~-> 03:05:36 |orders that would have helped me understand why the market could gyrate
2181 |2180 |03:05:36 ~-~-> 03:05:41 |to a specific level, but not to everything, any the perfect excuse of
2182 |2181 |03:05:41 ~-~-> 03:05:45 |saying why it's not always the be all, end all, panacea that people say it is.
2183 |2182 |03:05:45 ~-~-> 03:05:49 |Just look at the live streamers that use it. Why aren't they talking about the
2184 |2183 |03:05:49 ~-~-> 03:05:54 |very levels that call the high enemy term, high and low in a day? They're not
2185 |2184 |03:05:55 ~-~-> 03:05:58 |because they don't know how to read it. It might be telling you that that
2186 |2185 |03:05:58 ~-~-> 03:06:02 |there's this number of trades sitting here in a pending order. But that number
2187 |2186 |03:06:02 ~-~-> 03:06:06 |of trades pending above an old high or relative equal highs, or below a low or
2188 |2187 |03:06:06 ~-~-> 03:06:13 |below relative equal lows, doesn't mean it's going to turn the market. It
2189 |2188 |03:06:13 ~-~-> 03:06:16 |doesn't mean anything except for that's where the orders are. So if that's all
2190 |2189 |03:06:16 ~-~-> 03:06:18 |you're going to get from it, I've already taught you how to read price
2191 |2190 |03:06:18 ~-~-> 03:06:23 |action, where you don't need any extra gimmick. Everything is in the chart.
2192 |2191 |03:06:23 ~-~-> 03:06:28 |Everything is in the chart. As long as you have real time data. You have every
2193 |2192 |03:06:28 ~-~-> 03:06:33 |weapon that's available to you that's required to do well. So you can't use
2194 |2193 |03:06:33 ~-~-> 03:06:37 |the new week opening gap low, which is that big, bold line here from this week,
2195 |2194 |03:06:37 ~-~-> 03:06:44 |Sunday's opening. You can't use that one because the the barrier to getting to
2196 |2195 |03:06:44 ~-~-> 03:06:49 |the liquidity is above that here, by that candle sticks high, so right away
2197 |2196 |03:06:49 ~-~-> 03:06:53 |we're met with this is the initial interest. Can it trade there? And then,
2198 |2197 |03:06:54 ~-~-> 03:06:57 |if you start doing calculations, which you don't see me doing, but I'm showing
2199 |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
2200 |2199 |03:07:01 ~-~-> 03:07:06 |was doing on my other chart, because I have monitors in front of me. And you
2201 |2200 |03:07:06 ~-~-> 03:07:10 |can see that if you go on my YouTube shorts, you'll see my my trading, uh,
2202 |2201 |03:07:11 ~-~-> 03:07:17 |layout. I have 12 monitors. I have a 13th monitor that I don't have actually
2203 |2202 |03:07:17 ~-~-> 03:07:20 |hung up. And I was telling my kids the other day, I gotta get this thing hung
2204 |2203 |03:07:20 ~-~-> 03:07:25 |up. It's a larger screen, but you need all that stuff now. And I probably
2205 |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
2206 |2205 |03:07:28 ~-~-> 03:07:31 |able to trade like this or have this information unless that you don't need
2207 |2206 |03:07:31 ~-~-> 03:07:36 |that. You can do it with a three panel layout like I first started. But I had
2208 |2207 |03:07:36 ~-~-> 03:07:40 |to preface this part of discussion with the with the disclaimer, again, because
2209 |2208 |03:07:41 ~-~-> 03:07:46 |I don't want you believing just because I said it. I want you to investigate it
2210 |2209 |03:07:46 ~-~-> 03:07:51 |yourself. See it, if it's there, if it's not like anything else. Okay, for the
2211 |2210 |03:07:51 ~-~-> 03:07:55 |people that go through it and start trying to study it this way, it's going
2212 |2211 |03:07:55 ~-~-> 03:07:58 |to unlock a perception of price actions you've never seen before. Everybody has
2213 |2212 |03:07:58 ~-~-> 03:08:02 |a 15 minute time frame. Everybody has a five minute, everybody has a one minute,
2214 |2213 |03:08:02 ~-~-> 03:08:07 |but they how they manage it, the continuum of how price is delivered
2215 |2214 |03:08:07 ~-~-> 03:08:11 |through that, that mechanism of higher Time Frame, down the lower time frame
2216 |2215 |03:08:11 ~-~-> 03:08:15 |and then back up, not just one side. It's got to go back both ways. And
2217 |2216 |03:08:15 ~-~-> 03:08:18 |you're constantly weighing out what feedback you're getting with the PD
2218 |2217 |03:08:18 ~-~-> 03:08:23 |arrays I teach. And when you can see the price action doing these elements and
2219 |2218 |03:08:23 ~-~-> 03:08:27 |how it supports price continuously moving, it's about it's not being
2220 |2219 |03:08:27 ~-~-> 03:08:31 |negated. It's not eating into levels that would otherwise be problematic.
2221 |2220 |03:08:31 ~-~-> 03:08:35 |Everything's supporting each other, but it's not support resistance. It's not
2222 |2221 |03:08:35 ~-~-> 03:08:39 |supply and demand. It's literally looking at how price refers to liquidity
2223 |2222 |03:08:39 ~-~-> 03:08:44 |and inefficiency in the spectrum of moving in a predetermined level above
2224 |2223 |03:08:44 ~-~-> 03:08:48 |these relative equal highs. Okay, but now how far the question is always this,
2225 |2224 |03:08:48 ~-~-> 03:08:52 |where is price drawing to? Well, where's the relative equal highs and relative
2226 |2225 |03:08:52 ~-~-> 03:08:57 |equal lows? Once you determine that, how far beyond them can it reach? Well, what
2227 |2226 |03:08:58 ~-~-> 03:09:02 |end dog or new week opening gap is existing beyond them, because that's
2228 |2227 |03:09:02 ~-~-> 03:09:09 |where it's going to gravitate to. So we have the the buy side here, these
2229 |2228 |03:09:09 ~-~-> 03:09:13 |relative equal highs at the butt end and into the lower quadrant of the new week
2230 |2229 |03:09:13 ~-~-> 03:09:18 |opening gap, which is defined by that high here, this line, in this line, if
2231 |2230 |03:09:18 ~-~-> 03:09:20 |you watch the beginning of the recording, I'll show you where these
2232 |2231 |03:09:20 ~-~-> 03:09:24 |levels are anchored to it's Sunday and month Sunday and Mondays. I'm sorry,
2233 |2232 |03:09:25 ~-~-> 03:09:30 |Sunday's opening tick at 6pm and where Friday's settlement price was, and the
2234 |2233 |03:09:30 ~-~-> 03:09:34 |difference between it whichever is higher, that makes that the new week
2235 |2234 |03:09:34 ~-~-> 03:09:38 |opening got high. Whichever is lower, last Friday's settlement price or
2236 |2235 |03:09:38 ~-~-> 03:09:42 |Sunday's opening price is obviously the low, okay, so that's how you define it,
2237 |2236 |03:09:43 ~-~-> 03:09:49 |but the midpoint of it is here. That would be consequence encroachment. But
2238 |2237 |03:09:49 ~-~-> 03:09:53 |because I want to have the lowest threshold exit, I want to show my
2239 |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
2240 |2239 |03:09:56 ~-~-> 03:10:03 |trade there, but what's before that? Uh, the lower quadrant level, right there.
2241 |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
2242 |2241 |03:10:10 ~-~-> 03:10:16 |slightly higher, right, right, of course. So if that's the case, we're
2243 |2242 |03:10:16 ~-~-> 03:10:22 |going to have these levels here. And just know that that line, once we get
2244 |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
2245 |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
2246 |2245 |03:10:36 ~-~-> 03:10:45 |over here on this chart right here are being shown to you on a one minute
2247 |2246 |03:10:45 ~-~-> 03:10:51 |chart, and I'm watching on a 15 second chart now. 15 second chart. Your first
2248 |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
2249 |2248 |03:10:56 ~-~-> 03:11:01 |time frame. It's too fast. It's not moving any faster than what that one
2250 |2249 |03:11:01 ~-~-> 03:11:06 |minute and then 15 minute time frame the hourly chart, the daily chart, if you're
2251 |2250 |03:11:06 ~-~-> 03:11:12 |watching ticking price on a 15 second chart, have a daily candle chart right
2252 |2251 |03:11:12 ~-~-> 03:11:17 |next to it, and you'll see it's not moving any faster. But because you're
2253 |2252 |03:11:17 ~-~-> 03:11:21 |looking at the candlesticks forming closing, create another one open,
2254 |2253 |03:11:21 ~-~-> 03:11:26 |forming closing. It feels fast, but when you anchor it to a higher time frame
2255 |2254 |03:11:26 ~-~-> 03:11:29 |reference point, like, for instance, the one minute chart. The one minute chart
2256 |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
2257 |2256 |03:11:36 ~-~-> 03:11:40 |chart and a five second chart, I've executed, and you've seen me do this
2258 |2257 |03:11:40 ~-~-> 03:11:43 |with a five second chart, and it has the same measure of precision that I show on
2259 |2258 |03:11:43 ~-~-> 03:11:49 |any other time frame. So if, well, if I'm looking on a one minute chart like
2260 |2259 |03:11:49 ~-~-> 03:11:56 |this, and I'm expecting price to gravitate up to that 19,006 10.25 level,
2261 |2260 |03:11:56 ~-~-> 03:12:00 |which is right here as well on the 15 second chart, it could trade up to the
2262 |2261 |03:12:00 ~-~-> 03:12:06 |halfway point of the new week, opening gap, which is here, over here, okay, but
2263 |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
2264 |2263 |03:12:11 ~-~-> 03:12:15 |hard work. It's more likely to fill this one than try to reach for something
2265 |2264 |03:12:15 ~-~-> 03:12:20 |that's really high and lofty. Because I've been in a pursuit of perfection my
2266 |2265 |03:12:20 ~-~-> 03:12:24 |entire career. And every time I demand perfection while I'm moving in the
2267 |2266 |03:12:24 ~-~-> 03:12:29 |direction, right direction, because of the aspect of the limit order, meeting
2268 |2267 |03:12:29 ~-~-> 03:12:35 |the spread in that agreement before I get my fill, sometimes I don't get my
2269 |2268 |03:12:35 ~-~-> 03:12:38 |exit even though the price can book there. And I've shown this in live
2270 |2269 |03:12:38 ~-~-> 03:12:42 |streams. I've shown it in live examples. I've shown it with live accounts. I've
2271 |2270 |03:12:42 ~-~-> 03:12:46 |done it and it trades the price. I've called it trades to the limit order
2272 |2271 |03:12:46 ~-~-> 03:12:52 |price that should have booked, but it doesn't. It doesn't trip me in that. I
2273 |2272 |03:12:52 ~-~-> 03:12:55 |take that as a little aggravating, but it's also a pat on the back for saying,
2274 |2273 |03:12:55 ~-~-> 03:12:59 |You know what, you're a fucking animal ICT, because literally, you called the
2275 |2274 |03:12:59 ~-~-> 03:13:02 |very turning point. And they were being dicks on the way out the door, they
2276 |2275 |03:13:02 ~-~-> 03:13:05 |said, No, you can't have it, you motherfucker, you're taking everything
2277 |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
2278 |2277 |03:13:11 ~-~-> 03:13:16 |afforded myself a strategy that says, Yes, I can see where the best turning
2279 |2278 |03:13:16 ~-~-> 03:13:20 |points are likely to form, but on a steady diet, I need to know where the
2280 |2279 |03:13:20 ~-~-> 03:13:25 |easiest barriers to profitable exits are going to be, for me, which is the
2281 |2280 |03:13:25 ~-~-> 03:13:29 |easiest thing to get to? Well, it can't be the low, because that's where the
2282 |2281 |03:13:29 ~-~-> 03:13:33 |actual relative equal highs are, then where the buy side is, and it's just
2283 |2282 |03:13:33 ~-~-> 03:13:38 |slightly above that. So that's that blue line, remember. And then above that, we
2284 |2283 |03:13:38 ~-~-> 03:13:41 |have the lower quadrant of the new week opening gap. And then then we have the
2285 |2284 |03:13:41 ~-~-> 03:13:47 |midpoint of it. So this level here is the easiest threshold to exit
2286 |2285 |03:13:47 ~-~-> 03:13:52 |profitably, even if I can't get the midpoint of the new week opening gap. So
2287 |2286 |03:13:52 ~-~-> 03:13:56 |you see how I'm measuring with logic that it could go to a specific level
2288 |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
2289 |2288 |03:14:00 ~-~-> 03:14:04 |felt really strong about the consequent crochet of that level being traded to.
2290 |2289 |03:14:04 ~-~-> 03:14:09 |But rules state that to have a low barrier to exit profitably. State that
2291 |2290 |03:14:09 ~-~-> 03:14:12 |what's, what's the threshold prior to that? Well, it would be the lower
2292 |2291 |03:14:12 ~-~-> 03:14:17 |quadrant of the new week opening gap, and then as price created this level
2293 |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.
2294 |2293 |03:14:22 ~-~-> 03:14:26 |It didn't even trade back down into it. And then we had this gap here, from
2295 |2294 |03:14:26 ~-~-> 03:14:29 |where we close here, we opened on that candlestick right there. And there's an
2296 |2295 |03:14:29 ~-~-> 03:14:35 |actual gap with an order block. This is a strong PD array, if you ever have an
2297 |2296 |03:14:35 ~-~-> 03:14:43 |actual gap where there's no no wicks, and you see it after a down closed
2298 |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
2299 |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
2300 |2299 |03:14:53 ~-~-> 03:14:57 |there, this, this would have been a fair value, and that's what's highlighted
2301 |2300 |03:14:57 ~-~-> 03:15:02 |there in blue. So it's for student. That know more than you generally do. As a
2302 |2301 |03:15:02 ~-~-> 03:15:05 |new student watching me on YouTube, I've had students for a number of years
2303 |2302 |03:15:05 ~-~-> 03:15:10 |following me, and they have a little bit advantage of having been with me longer,
2304 |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
2305 |2304 |03:15:13 ~-~-> 03:15:16 |actually on this YouTube channel. So don't look at them and say, Well, I wish
2306 |2305 |03:15:16 ~-~-> 03:15:20 |I would have been just watch the fucking videos. They're here for free. But as it
2307 |2306 |03:15:20 ~-~-> 03:15:24 |slammed into that, I went long and turned out to market. You watched it in
2308 |2307 |03:15:24 ~-~-> 03:15:31 |the recording, and then we rallied up in this area, right here, right there.
2309 |2308 |03:15:31 ~-~-> 03:15:36 |That's this wick. That's what's being measured on one minute chart. I'm
2310 |2309 |03:15:36 ~-~-> 03:15:41 |watching as prices going up. I'm watching the 15 second destroy the
2311 |2310 |03:15:41 ~-~-> 03:15:45 |midpoint of that right there, which is exactly what I want to see. And then
2312 |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
2313 |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
2314 |2313 |03:15:53 ~-~-> 03:15:58 |it. Does it touch it? No. Then it starts to rally up. Wonderful institutional
2315 |2314 |03:15:58 ~-~-> 03:16:02 |order for entry drill. Why? Because we have proof that it doesn't want to go to
2316 |2315 |03:16:02 ~-~-> 03:16:05 |them. Consequent pressure here based on a one minute chart. See what I'm doing.
2317 |2316 |03:16:06 ~-~-> 03:16:09 |I'm measuring the strength and the magnitude that's still possible in the
2318 |2317 |03:16:09 ~-~-> 03:16:14 |delivery of the price, but I'm measuring the underlying strength and seeing, does
2319 |2318 |03:16:14 ~-~-> 03:16:19 |this really prove that I'm on the right side? And is the market breadth in a
2320 |2319 |03:16:19 ~-~-> 03:16:23 |visual representation that can never hide it from you. Is it supporting
2321 |2320 |03:16:23 ~-~-> 03:16:28 |higher prices? Yes, because if it was weak and touched this level here, then
2322 |2321 |03:16:28 ~-~-> 03:16:31 |it's probably going to have a deeper retracement only. I don't want to see
2323 |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
2324 |2323 |03:16:35 ~-~-> 03:16:39 |fucking add to trades that show me all these types of signatures that tell me,
2325 |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
2326 |2325 |03:16:43 ~-~-> 03:16:48 |can't even get down there for you. I can't even get down okay, that means
2327 |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
2328 |2327 |03:16:52 ~-~-> 03:16:56 |comfortable. I'm gonna be wonderful, and then I'm gonna make my target better.
2329 |2328 |03:16:56 ~-~-> 03:17:01 |When it was just above that blue line. Watch the recording. I raise it up to
2330 |2329 |03:17:01 ~-~-> 03:17:04 |some random level you can't see otherwise, but it's the lower quadrant.
2331 |2330 |03:17:16 ~-~-> 03:17:19 |There's the buy. Has it happened in real time? Look at the look at the little
2332 |2331 |03:17:19 ~-~-> 03:17:29 |carrot that appears right at the order block. You see that beautiful, isn't it?
2333 |2332 |03:17:29 ~-~-> 03:17:33 |That's the entry. Could you improve on that? ICT? I probably could have buy a
2334 |2333 |03:17:33 ~-~-> 03:17:37 |tick. That's the best I probably could have improved on because I was dealing
2335 |2334 |03:17:37 ~-~-> 03:17:42 |with a market limit order. I probably could have done consequent encroachment,
2336 |2335 |03:17:42 ~-~-> 03:17:48 |but risk maybe not getting filled. But that is fucking poetry. Like, that's
2337 |2336 |03:17:48 ~-~-> 03:17:53 |beautiful. Like, that's beautiful. The market rallies up, comes back down.
2338 |2337 |03:17:53 ~-~-> 03:17:56 |Doesn't give me consequent encroachment test there, folks, this is, this is
2339 |2338 |03:17:56 ~-~-> 03:18:01 |fucking beyond charter level. Charter level members never learned this shit.
2340 |2339 |03:18:01 ~-~-> 03:18:05 |They never were gonna get these lessons. They never, ever, ever, ever would have
2341 |2340 |03:18:05 ~-~-> 03:18:10 |gotten this lesson, ever. They never would have gotten it. They never would
2342 |2341 |03:18:10 ~-~-> 03:18:14 |have learned this. This never been taught anywhere else before. It's never
2343 |2342 |03:18:14 ~-~-> 03:18:18 |intended to be in the public size. It never was supposed to be in your hands
2344 |2343 |03:18:19 ~-~-> 03:18:23 |and you're watching this stuff, you might be thinking, this is complicated,
2345 |2344 |03:18:23 ~-~-> 03:18:29 |this is dumb. I don't get this. The logic was used. They take the trade,
2346 |2345 |03:18:30 ~-~-> 03:18:35 |then you hear me bloviate about the same stuff every single time we're in front
2347 |2346 |03:18:35 ~-~-> 03:18:37 |of live streams. This is what you're looking for. You're watching this,
2348 |2347 |03:18:37 ~-~-> 03:18:40 |Caleb, you're looking for this. And you're gonna see this shit. This piece
2349 |2348 |03:18:40 ~-~-> 03:18:43 |happened over and over again, and it might seem alien to you. It might seem
2350 |2349 |03:18:43 ~-~-> 03:18:48 |complex to you right now, but you're going to see it doesn't get complex. It
2351 |2350 |03:18:48 ~-~-> 03:18:51 |gets easier because you keep seeing me say the same things about the same
2352 |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
2353 |2352 |03:18:56 ~-~-> 03:19:00 |going to draw relative equal highs, okay? How far past the relative equal
2354 |2353 |03:19:00 ~-~-> 03:19:03 |highs? Well, is there a new day of winning gap, or is there a new week
2355 |2354 |03:19:03 ~-~-> 03:19:07 |opening gap just above it? Where is it? Close proximity. Use that one if the
2356 |2355 |03:19:07 ~-~-> 03:19:12 |range permits it. Break that range or inefficiency into quadrants. Lowest
2357 |2356 |03:19:13 ~-~-> 03:19:18 |quadrant, right here. What's that price? Right there? 19,006 10.25 to get that
2358 |2357 |03:19:18 ~-~-> 03:19:25 |price, you got to book what one tick above it, bam. Look real close right
2359 |2358 |03:19:25 ~-~-> 03:19:29 |here. You'll see the little arrow where I get out of bam, right there. That's
2360 |2359 |03:19:29 ~-~-> 03:19:33 |the logic, folks. So am I making this shit up as I go along and just happens
2361 |2360 |03:19:33 ~-~-> 03:19:36 |to fucking line up to the things I'm teaching? That's the that's the other
2362 |2361 |03:19:36 ~-~-> 03:19:39 |shit I get my comment section. Oh, this is after the fact. He's just trying to
2363 |2362 |03:19:39 ~-~-> 03:19:43 |make it fit. He's just cherry picking. Are you in your fucking mind? Here's
2364 |2363 |03:19:43 ~-~-> 03:19:48 |what I'm doing. I'm cherry picking everything that fucking works live right
2365 |2364 |03:19:48 ~-~-> 03:19:53 |in front of you. How about that one? Yeah, of course I'm fucking cherry
2366 |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
2367 |2366 |03:19:57 ~-~-> 03:20:00 |called to you live. I told you to be institutional and. Institutional order
2368 |2367 |03:20:00 ~-~-> 03:20:07 |for entry drill, and it delivered like a fucking Gangbuster bang, delivered. I
2369 |2368 |03:20:07 ~-~-> 03:20:10 |don't run out of fucking luck, and I don't run out of fucking yeast. This
2370 |2369 |03:20:10 ~-~-> 03:20:14 |Baker can make fucking cakes forever, as long as the Lord gives me breath and
2371 |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
2372 |2371 |03:20:17 ~-~-> 03:20:22 |stop working. So you might as well just warm up to the idea that, hey, this is
2373 |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%
2374 |2373 |03:20:27 ~-~-> 03:20:33 |better each week, you're moving in the right direction. And don't let go of it.
2375 |2374 |03:20:33 ~-~-> 03:20:37 |Keep progressing further and further in the future, you'll see if it works. It
2376 |2375 |03:20:37 ~-~-> 03:20:46 |fucking works. So now let's slide on over into the 930 and this is probably
2377 |2376 |03:20:46 ~-~-> 03:20:53 |going to be the last long one in the series, because I have to make it
2378 |2377 |03:20:53 ~-~-> 03:20:56 |palatable for Caleb, because it is a lot. I'm gonna take these. These are
2379 |2378 |03:20:56 ~-~-> 03:21:04 |just measuring those wicks on the one minute chart, and I don't need this, and
2380 |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
2381 |2380 |03:21:07 ~-~-> 03:21:08 |that anymore,
2382 |2381 |03:21:11 ~-~-> 03:21:12 |and we don't need
2383 |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
2384 |2383 |03:21:19 ~-~-> 03:21:23 |the opening range. Gap went above it a little bit, broke down. Here's a gap
2385 |2384 |03:21:23 ~-~-> 03:21:29 |right there. You see that right there, we overshoot it a little bit. That's
2386 |2385 |03:21:29 ~-~-> 03:21:32 |that's equivalent to a one minute Mohawk. There's a little bit of a
2387 |2386 |03:21:32 ~-~-> 03:21:35 |coloring outside the range. You have to keep things in perspective, because this
2388 |2387 |03:21:35 ~-~-> 03:21:39 |is a 15 second chart, meaning every single individual candlestick is
2389 |2388 |03:21:39 ~-~-> 03:21:44 |representing the open, the highest high, the lowest low, and where we stop
2390 |2389 |03:21:44 ~-~-> 03:21:49 |trading every 15 seconds. Now it sounds scary like, Man, this is moving too
2391 |2390 |03:21:49 ~-~-> 03:21:54 |fast. It's moving no faster than it's moving on an hourly chart, a weekly
2392 |2391 |03:21:54 ~-~-> 03:21:59 |chart, a monthly chart, a yearly chart. It's not moving any faster. The only
2393 |2392 |03:21:59 ~-~-> 03:22:04 |thing that tricks you by perspective, is the frequency of a new candle forming
2394 |2393 |03:22:05 ~-~-> 03:22:10 |the range upon which it's moving higher and lower. It's not changing that the
2395 |2394 |03:22:10 ~-~-> 03:22:16 |same amount of time and fluctuation is occurring. So when people say the speed
2396 |2395 |03:22:16 ~-~-> 03:22:20 |is too fast, they're really talking other ass, because the market's still
2397 |2396 |03:22:20 ~-~-> 03:22:26 |doing the same speed. What's changing is the magnitude of the move. That is not
2398 |2397 |03:22:26 ~-~-> 03:22:31 |determined by the time frame you're watching. It's that has no it has no
2399 |2398 |03:22:33 ~-~-> 03:22:41 |direct influence of how far it's going to go. Something occurring on a 15
2400 |2399 |03:22:41 ~-~-> 03:22:49 |second chart doesn't equate to or make 100 PIP or 100 handle run in price. You
2401 |2400 |03:22:49 ~-~-> 03:22:52 |can't think about it like that. The market's going to run like that because
2402 |2401 |03:22:52 ~-~-> 03:22:57 |of time. If it's the right time for those types of runs to occur, then it
2403 |2402 |03:22:57 ~-~-> 03:23:01 |will. It matters not whether you're perceiving price through a 15 second
2404 |2403 |03:23:01 ~-~-> 03:23:04 |chart, a one minute chart, five minute chart, 15 second chart, whatever time
2405 |2404 |03:23:04 ~-~-> 03:23:08 |for you're watching the magnitude or the distance upon which price is going to
2406 |2405 |03:23:08 ~-~-> 03:23:14 |move is dictated by the time upon which that move begins. And it doesn't mean
2407 |2406 |03:23:14 ~-~-> 03:23:19 |that you begin a move on a 15 second chart. 15 second charts, this gives you
2408 |2407 |03:23:19 ~-~-> 03:23:23 |these areas of opportunity for you engaging price. It does not make the
2409 |2408 |03:23:23 ~-~-> 03:23:26 |move faster, and it doesn't slow the move down. It just gives you
2410 |2409 |03:23:26 ~-~-> 03:23:32 |opportunities to engage. What's going to be in play, higher prices or lower
2411 |2410 |03:23:32 ~-~-> 03:23:37 |prices. Okay, so we're going to go into the second drop, where we're spending
2412 |2411 |03:23:37 ~-~-> 03:23:42 |too much time in the opening range. We're inside this inefficiency here we
2413 |2412 |03:23:42 ~-~-> 03:23:44 |drop down after working the midpoint of it
2414 |2413 |03:23:44 ~-~-> 03:23:46 |or not the midpoint of it, the
2415 |2414 |03:23:48 ~-~-> 03:23:57 |lower lower quadrant, we drop institutional or flow entry drill there,
2416 |2415 |03:23:57 ~-~-> 03:24:01 |almost immediate rebalance, right there. If I was watching this live as it was
2417 |2416 |03:24:01 ~-~-> 03:24:05 |going up like that, I would have commented, said, Watch for an immediate,
2418 |2417 |03:24:06 ~-~-> 03:24:09 |immediate rebalance. Immediately when you have a big down close candle and the
2419 |2418 |03:24:09 ~-~-> 03:24:12 |next candle opens up and goes right back up to the previous candle before the
2420 |2419 |03:24:12 ~-~-> 03:24:17 |down close or the larger range candle, and when it touches that right there,
2421 |2420 |03:24:17 ~-~-> 03:24:21 |that's one of the best one side indicators that you could ever get in
2422 |2421 |03:24:21 ~-~-> 03:24:25 |trading. And when you're watching time frames, and you're watching and managing
2423 |2422 |03:24:25 ~-~-> 03:24:29 |your trade, any instance of that occurring, and you have not had
2424 |2423 |03:24:29 ~-~-> 03:24:36 |liquidity taken, it didn't happen yet, until that right there, see that. So it
2425 |2424 |03:24:36 ~-~-> 03:24:39 |could have very easily went up and touch that candles low. If it did, that would
2426 |2425 |03:24:39 ~-~-> 03:24:44 |be an area where I would pyramid. If I was short, I would pyramid there, and I
2427 |2426 |03:24:44 ~-~-> 03:24:49 |would look for this load to show speed through it. It does, and that would be
2428 |2427 |03:24:49 ~-~-> 03:24:56 |first partial. But let's go to the conversation about what I outlined real
2429 |2428 |03:24:56 ~-~-> 03:25:03 |time on July. Stream. You watch me execute on something beforehand, and I
2430 |2429 |03:25:03 ~-~-> 03:25:06 |get to flack all the time. Why can't you talk about these moves in real time?
2431 |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
2432 |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.
2433 |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
2434 |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
2435 |2434 |03:25:23 ~-~-> 03:25:26 |that shade the blue area. Remember I was telling you, that's the range between
2436 |2435 |03:25:26 ~-~-> 03:25:30 |the opening price to the lowest low of the day. So now it's gone, and that
2437 |2436 |03:25:30 ~-~-> 03:25:36 |chart looks familiar again. Okay, so we went down below the lows over here. This
2438 |2437 |03:25:36 ~-~-> 03:25:42 |is a one minute chart on the left low and a slightly lower load left that
2439 |2438 |03:25:42 ~-~-> 03:25:49 |there. So we went down below this low, right there, this price action right
2440 |2439 |03:25:49 ~-~-> 03:25:52 |there. Is this price action right here.
2441 |2440 |03:25:53 ~-~-> 03:25:54 |Watch, I'm
2442 |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
2443 |2442 |03:26:09 ~-~-> 03:26:14 |on the 15 second chart. So the market has a shift in market structure on the
2444 |2443 |03:26:14 ~-~-> 03:26:19 |15 second chart here, the same thing you see on this one minute candle. It
2445 |2444 |03:26:19 ~-~-> 03:26:28 |rallies up. This is a breaker. This is a breaker. This breaker, this up close
2446 |2445 |03:26:28 ~-~-> 03:26:35 |candle, extend that in time there. So you have a gap, which is a buy side of
2447 |2446 |03:26:35 ~-~-> 03:26:39 |balance, cell sign efficiency. And you have the midpoint of that gap, which is
2448 |2447 |03:26:39 ~-~-> 03:26:42 |consequence encroachment. And then you have the breaker. So you have several
2449 |2448 |03:26:42 ~-~-> 03:26:45 |things there. If you were watching a 15 second chart, or if I was trading on a
2450 |2449 |03:26:45 ~-~-> 03:26:52 |15 second chart, I would have tested the market by entering in here. Would it
2451 |2450 |03:26:52 ~-~-> 03:26:57 |feed that idea? It rallies up and it does. Then we said, we want to watch it
2452 |2451 |03:26:57 ~-~-> 03:27:01 |trade back down into the new day opening gap, high and maybe as low as the New
2453 |2452 |03:27:01 ~-~-> 03:27:05 |day, new day opening gap low on the 16th. Go back and listen to the early
2454 |2453 |03:27:05 ~-~-> 03:27:08 |part of this stream. You'll hear me saying those things over live price
2455 |2454 |03:27:08 ~-~-> 03:27:13 |action before it happened later on in the stream. I explained why. Because the
2456 |2455 |03:27:13 ~-~-> 03:27:18 |Lazi was over here with this, the bodies were respecting the new day opening gap
2457 |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
2458 |2457 |03:27:23 ~-~-> 03:27:27 |array for price this one? Even though this is lower, I don't care about that.
2459 |2458 |03:27:27 ~-~-> 03:27:31 |I want this one. Why? Because this one was respecting the same reference point
2460 |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
2461 |2460 |03:27:34 ~-~-> 03:27:39 |open, trade down to that new day, opening gap on the 16th. We get that
2462 |2461 |03:27:39 ~-~-> 03:27:42 |here, trades down, hit it and then rallies up. Then we have displacement.
2463 |2462 |03:27:43 ~-~-> 03:27:47 |We have a separation of overlapping candles, which is what we're seeing in
2464 |2463 |03:27:47 ~-~-> 03:27:50 |here. All of these candles are overlapping. They're sharing the same
2465 |2464 |03:27:50 ~-~-> 03:27:53 |price range, the highest high and the lowest low. They keep pricing them back
2466 |2465 |03:27:53 ~-~-> 03:27:58 |and forth, and then we leave it right there. Wonderful. That's this movement
2467 |2466 |03:27:58 ~-~-> 03:28:03 |right there on that candle in a limited chart. That's what I said when this
2468 |2467 |03:28:03 ~-~-> 03:28:06 |candle was still active on the one minute chart lower left hand corner,
2469 |2468 |03:28:06 ~-~-> 03:28:10 |when the candle I'm highlighting right there was still forming, had not closed
2470 |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
2471 |2470 |03:28:14 ~-~-> 03:28:19 |create an institutional order flow entry drill. That means go one tick below this
2472 |2471 |03:28:19 ~-~-> 03:28:23 |candle is low, and then rally up to new week, opening gap low, and we'll see
2473 |2472 |03:28:23 ~-~-> 03:28:27 |what it does after that. Well, we get that here, boom,
2474 |2473 |03:28:29 ~-~-> 03:28:31 |boom rallies.
2475 |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
2476 |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
2477 |2476 |03:28:42 ~-~-> 03:28:47 |this high, because their stops right before this drop down here. Anyone
2478 |2477 |03:28:47 ~-~-> 03:28:50 |short, where's it going to place their protective buy stop at right above this
2479 |2478 |03:28:50 ~-~-> 03:28:58 |high. So if it's going to go here and trade into this old opening gap, which
2480 |2479 |03:28:58 ~-~-> 03:29:03 |is shaded in pink, that's the difference between yesterday's settlement price and
2481 |2480 |03:29:03 ~-~-> 03:29:10 |where we started trading at 930 that's the opening range. Gap price eventually
2482 |2481 |03:29:10 ~-~-> 03:29:13 |trades up into there and hits the new week opening gap high. Look at the
2483 |2482 |03:29:13 ~-~-> 03:29:20 |bodies. Look at the bodies, respecting that on a 15 second chart, buying and
2484 |2483 |03:29:20 ~-~-> 03:29:28 |selling pressure causes that, right? Buying and selling pressure causes that
2485 |2484 |03:29:28 ~-~-> 03:29:31 |much of respect of a level that's supposed to be randomly pulled out my
2486 |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.
2487 |2486 |03:29:34 ~-~-> 03:29:40 |Is this is something to this, and it's not somewhere else in books. No other
2488 |2487 |03:29:40 ~-~-> 03:29:44 |feature. Another author talked about it, they have this inefficiency down here,
2489 |2488 |03:29:46 ~-~-> 03:29:53 |and go over to the left, see that. So this singular candle and this singular
2490 |2489 |03:29:53 ~-~-> 03:30:00 |candle here are sharing space, the same space, the same range. And. And it
2491 |2490 |03:30:00 ~-~-> 03:30:06 |passed through with one single candle on the downside here and on the upside
2492 |2491 |03:30:06 ~-~-> 03:30:10 |here. Go back and listen to the time when we were trading here. We can see it
2493 |2492 |03:30:10 ~-~-> 03:30:14 |drop down below the new week, opening gap low and trade into the inefficiency
2494 |2493 |03:30:15 ~-~-> 03:30:19 |right here. But this is a balanced price range, because we pass through here and
2495 |2494 |03:30:19 ~-~-> 03:30:23 |we pass through it here. So between this candle slow and that candles high, that
2496 |2495 |03:30:23 ~-~-> 03:30:27 |little box is balanced. It's like a brick fucking wall. It's like, you will
2497 |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
2498 |2497 |03:30:32 ~-~-> 03:30:37 |the liquidity here, here and where we mentioned earlier, where the where the
2499 |2498 |03:30:37 ~-~-> 03:30:43 |buy side was, eventually we saw trading too. But the point was, I can see this.
2500 |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
2501 |2500 |03:30:48 ~-~-> 03:30:51 |as this is a balanced price range, this candle in the lower left hand corner,
2502 |2501 |03:30:51 ~-~-> 03:30:55 |that candle sticks high and that candle sticks low. Those two price points
2503 |2502 |03:30:55 ~-~-> 03:31:00 |define where two candles back to back have traded in both directions, passed
2504 |2503 |03:31:00 ~-~-> 03:31:07 |through multiple times in that range. So think about like a trading range. Okay,
2505 |2504 |03:31:07 ~-~-> 03:31:12 |you've ever studied the the trading range in a market? It's you. Most
2506 |2505 |03:31:12 ~-~-> 03:31:17 |traders are doing what they're waiting for, the breakout. Okay? And I'm not a
2507 |2506 |03:31:17 ~-~-> 03:31:20 |breakout trader, but I can understand that when a market passes back and forth
2508 |2507 |03:31:20 ~-~-> 03:31:25 |through a predefined range, high and low. It's going to take something
2509 |2508 |03:31:25 ~-~-> 03:31:30 |significant to get on the other side of it. So if I can see those types of
2510 |2509 |03:31:30 ~-~-> 03:31:36 |signatures in price action, it's two forms of it, single delivery down here,
2511 |2510 |03:31:36 ~-~-> 03:31:40 |one candle. And I mean it like this. Look at like this. Conceptually. View it
2512 |2511 |03:31:40 ~-~-> 03:31:41 |like this
2513 |2512 |03:31:47 ~-~-> 03:31:53 |gap, well now we pass through it. So we offered what here buy side, what's
2514 |2513 |03:31:53 ~-~-> 03:31:56 |missing over here buy side, because they only have one single cannon going down.
2515 |2514 |03:31:56 ~-~-> 03:32:02 |So in a perfect world, a balanced market, a efficiently delivered market
2516 |2515 |03:32:02 ~-~-> 03:32:06 |would have the range open all the way up to here and pass back through it,
2517 |2516 |03:32:06 ~-~-> 03:32:11 |because only this single candle for 15 seconds only passed through the range of
2518 |2517 |03:32:11 ~-~-> 03:32:16 |the previous candles low to the candles high here. So between those two price
2519 |2518 |03:32:16 ~-~-> 03:32:19 |points that's shaded in this blue, it only offered movement going to the
2520 |2519 |03:32:19 ~-~-> 03:32:24 |downside. How many times could someone buy or sell in at 15 seconds? Not much.
2521 |2520 |03:32:25 ~-~-> 03:32:29 |So what's it inefficient? It's inefficient in the scope of price moving
2522 |2521 |03:32:29 ~-~-> 03:32:34 |up, doing that same price range, and we get it here. Okay, so because we have
2523 |2522 |03:32:34 ~-~-> 03:32:39 |one single pass on this candle, and this candle here, I see that visually as a
2524 |2523 |03:32:39 ~-~-> 03:32:45 |balanced price range. It's offered both sides. It's true, because we have not
2525 |2524 |03:32:45 ~-~-> 03:32:49 |seen what the buy side that was going to be targeted, which is the 630, 8.75
2526 |2525 |03:32:50 ~-~-> 03:32:58 |level. What does the market do? It trades down lots of bodies. The wicks
2527 |2526 |03:32:58 ~-~-> 03:33:03 |can do. What do the damage? They can trade outside the range. So I'm looking
2528 |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
2529 |2528 |03:33:07 ~-~-> 03:33:11 |the one minute here. So the bottom of that candlestick right there, go back
2530 |2529 |03:33:11 ~-~-> 03:33:14 |and listen to the stream. It's I'm telling you about this. I'm not
2531 |2530 |03:33:14 ~-~-> 03:33:18 |referring to the 15 second but I'm anchoring it to the one minute chart, as
2532 |2531 |03:33:18 ~-~-> 03:33:21 |I'm referring to this candlestick here in this council. That's a balanced price
2533 |2532 |03:33:21 ~-~-> 03:33:26 |range, but it looks visually like this on a 15 second chart, so there's more
2534 |2533 |03:33:26 ~-~-> 03:33:29 |room for it to have this little errant price action there. But it's not errant
2535 |2534 |03:33:29 ~-~-> 03:33:36 |on this time frame, because watch, we're inside that balance price range. It did
2536 |2535 |03:33:36 ~-~-> 03:33:39 |not take out that candle. Slow. That's reasonable. It's like a brick wall.
2537 |2536 |03:33:39 ~-~-> 03:33:43 |You're not going to go past me, past what the low of that range that's
2538 |2537 |03:33:43 ~-~-> 03:33:50 |defined by that candle? Find that logic in a trading book. It's not there. It's
2539 |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
2540 |2539 |03:33:54 ~-~-> 03:33:57 |go beyond the scope of what I'm saying here. That's really occurring right
2541 |2540 |03:33:57 ~-~-> 03:34:02 |there, but because it happens to visually agree with the primary function
2542 |2541 |03:34:02 ~-~-> 03:34:07 |of what's occurring at that time. It allows me to communicate to you
2543 |2542 |03:34:07 ~-~-> 03:34:14 |visually, balance price ranges are an efficient delivery mechanism, but if
2544 |2543 |03:34:14 ~-~-> 03:34:22 |they ever fail, that's a huge, huge indication that something has changed,
2545 |2544 |03:34:22 ~-~-> 03:34:26 |and it's manual intervention, because algorithmically, the price is going to
2546 |2545 |03:34:26 ~-~-> 03:34:31 |respect these types of things. But if they stop, the hand's in the mix. The
2547 |2546 |03:34:31 ~-~-> 03:34:35 |hand is the market maker. The people that are going to push price beyond
2548 |2547 |03:34:35 ~-~-> 03:34:38 |where you think they're going to go, even my stuff, even me taking a trade,
2549 |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
2550 |2549 |03:34:42 ~-~-> 03:34:47 |can accept that. Problem is, Can you can you accept an uncertainty of when that's
2551 |2550 |03:34:47 ~-~-> 03:34:52 |going to occur? I cut things so I can see when they get involved in it, but
2552 |2551 |03:34:52 ~-~-> 03:34:57 |not always, but when I see things like a balanced price range give way, then
2553 |2552 |03:34:57 ~-~-> 03:35:00 |there's something underlying behind the scenes that I. Don't know what they're
2554 |2553 |03:35:00 ~-~-> 03:35:04 |doing, but I know now they're in it. Remember the analogy I gave you, the Neo
2555 |2554 |03:35:04 ~-~-> 03:35:08 |in the book, going with the book that maybe the matrix. He sees that black cat
2556 |2555 |03:35:08 ~-~-> 03:35:11 |walk, and he looks over and sees it again. He says, Well, that's weird.
2557 |2556 |03:35:11 ~-~-> 03:35:15 |That's deja vu. I just saw the same cat twice, and they all knew, because of
2558 |2557 |03:35:15 ~-~-> 03:35:20 |experience shits changing, we got to go. The agents are on our way or on their
2559 |2558 |03:35:20 ~-~-> 03:35:23 |way there. There's a change in the matrix. They made a change. That's
2560 |2559 |03:35:23 ~-~-> 03:35:27 |manual intervention. The same thing when I'm watching price visually, and I see
2561 |2560 |03:35:27 ~-~-> 03:35:31 |things like a balanced price range break, what I think was underway is
2562 |2561 |03:35:31 ~-~-> 03:35:36 |changed. It's not likely to occur here. That's not the case. We're seeing this
2563 |2562 |03:35:38 ~-~-> 03:35:41 |candle is high. That candle is low because it's moved back and forth in
2564 |2563 |03:35:41 ~-~-> 03:35:47 |that range. We're not concerned about price going below that. We're seeing it
2565 |2564 |03:35:47 ~-~-> 03:35:53 |deliver up, down, up, down, up. You see it? That's the balance price range here
2566 |2565 |03:35:53 ~-~-> 03:35:58 |on the 15 second chart. But visually, it's this. This candle is high. That
2567 |2566 |03:35:58 ~-~-> 03:36:02 |candle slow, but that it's occurring right there? Did that candlestick go
2568 |2567 |03:36:02 ~-~-> 03:36:07 |below that low? Right there? No, it didn't. So what's changed? Nothing.
2569 |2568 |03:36:07 ~-~-> 03:36:11 |Everything's still valid. That's why I was telling you. I believe we're going
2570 |2569 |03:36:11 ~-~-> 03:36:14 |to go down to this little area here in the inefficiency on the one minute
2571 |2570 |03:36:14 ~-~-> 03:36:18 |chart, but not go below this area here, because this is a balanced price range.
2572 |2571 |03:36:18 ~-~-> 03:36:21 |This range, high, that range, low. Listen, go back and watch the recording.
2573 |2572 |03:36:21 ~-~-> 03:36:25 |It's there. This is the part. When people watch these portions of it, it
2574 |2573 |03:36:25 ~-~-> 03:36:33 |sounds like, Oh, he's making up shit. I get so tired of saying this shit that,
2575 |2574 |03:36:33 ~-~-> 03:36:37 |if you just listen, I'm telling you this stuff before it happens. Now I'm
2576 |2575 |03:36:37 ~-~-> 03:36:43 |explaining in ad nauseam, the details as to why it's doing what it's doing, what
2577 |2576 |03:36:43 ~-~-> 03:36:47 |it looks like, how to recognize it. Remember pattern recognition. When
2578 |2577 |03:36:47 ~-~-> 03:36:50 |you're hunting something, you have to know how to track it. This is what a
2579 |2578 |03:36:50 ~-~-> 03:36:54 |track of this balanced price range looks like. And you can see it going back down
2580 |2579 |03:36:54 ~-~-> 03:36:58 |into that balance price range, but not going past it. It says, No, you're not
2581 |2580 |03:36:58 ~-~-> 03:37:02 |going lower than that. So any retracement down, like there that's not
2582 |2581 |03:37:02 ~-~-> 03:37:07 |changing anything. It's breaking the hearts of anybody that you know, maybe
2583 |2582 |03:37:07 ~-~-> 03:37:13 |trading against it. Maybe they're long up here. They chased it and it's
2584 |2583 |03:37:13 ~-~-> 03:37:17 |dropping down here. Now they're scared, like, oh, it's gonna keep dropping. No,
2585 |2584 |03:37:20 ~-~-> 03:37:23 |the market rallies back up, find some support at the new week, opening got low
2586 |2585 |03:37:23 ~-~-> 03:37:27 |again, and then here, and I was telling you, watch, look what it's doing here
2587 |2586 |03:37:27 ~-~-> 03:37:34 |during the live stream. See how it's finding support. Great. The middle of
2588 |2587 |03:37:34 ~-~-> 03:37:39 |the opening range gap. That's what this is. Okay, the opening range gap.
2589 |2588 |03:37:39 ~-~-> 03:37:40 |Gonna take that off.
2590 |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
2591 |2590 |03:37:47 ~-~-> 03:37:51 |to discern what it is it's trying to do. And if you start looking for indicators
2592 |2591 |03:37:51 ~-~-> 03:37:55 |to give you clues, if you start looking at harmonic patterns and things or
2593 |2592 |03:37:55 ~-~-> 03:37:59 |retail patterns, you're placing your faith on something that doesn't mean
2594 |2593 |03:37:59 ~-~-> 03:38:04 |shit. But when you start looking at what the algorithm will refer to, that's what
2595 |2594 |03:38:04 ~-~-> 03:38:08 |I'm pointing you to. I'm pointing to the very reference points, and I'm proving
2596 |2595 |03:38:08 ~-~-> 03:38:12 |it lies. These are what the reference points that the algorithm is going to
2597 |2596 |03:38:12 ~-~-> 03:38:17 |refer back to, and it's going to behave based on this, nothing else. And then
2598 |2597 |03:38:17 ~-~-> 03:38:23 |what does price do? Everything that he fucking says. And for people that don't
2599 |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
2600 |2599 |03:38:28 ~-~-> 03:38:33 |them. They punch the fucking air. It makes them mad. And I love it. Cry
2601 |2600 |03:38:33 ~-~-> 03:38:38 |harder, bitch, and the market rallies up, comes back down, small, little
2602 |2601 |03:38:38 ~-~-> 03:38:43 |retracement. This is the old relative equal high, which is now, as it
2603 |2602 |03:38:43 ~-~-> 03:38:48 |retraces, is what it is a discount array. So old highs is, is the highest
2604 |2603 |03:38:48 ~-~-> 03:38:56 |form of a premium array. Old lows are the outside that wrong. I'm sorry. Old
2605 |2604 |03:38:56 ~-~-> 03:39:01 |highs are the lowest discount array. It sounds like an oxymoron. How can an old
2606 |2605 |03:39:01 ~-~-> 03:39:04 |high because if you're above it and trading back down, think Flint clap in
2607 |2606 |03:39:04 ~-~-> 03:39:12 |this regard, think classic sport resistance. Old highs are the highest
2608 |2607 |03:39:16 ~-~-> 03:39:24 |discount array. Old lows are the lowest premium rate. So if you have a reference
2609 |2608 |03:39:24 ~-~-> 03:39:28 |of how, what, where the market is going to draw to up or down every time you
2610 |2609 |03:39:28 ~-~-> 03:39:32 |breach a PD array, you got to look back at the range it just traveled through
2611 |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
2612 |2611 |03:39:40 ~-~-> 03:39:45 |totally disregard it. That's a good thing. That's a good thing. That means
2613 |2612 |03:39:45 ~-~-> 03:39:48 |you're on side. All those things are indicative that you're on the right side
2614 |2613 |03:39:48 ~-~-> 03:39:51 |of the marketplace. So to answer the question in continuity and what I was
2615 |2614 |03:39:51 ~-~-> 03:39:54 |referring to last Friday, when I was saying, when people are asking me, how
2616 |2615 |03:39:54 ~-~-> 03:39:57 |do you hold on to trades? How do you trust trading and catching big moves?
2617 |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
2618 |2617 |03:40:03 ~-~-> 03:40:09 |back down in relative equal lows, sweeps, it doesn't touch the new week
2619 |2618 |03:40:09 ~-~-> 03:40:14 |opening gap here high, and now we're just Manning around. And this is a 15
2620 |2619 |03:40:14 ~-~-> 03:40:19 |second chart. Breaks down. Where's the trade? Back into new week opening gap
2621 |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
2622 |2621 |03:40:24 ~-~-> 03:40:29 |do retrace on what's been profitable? So it goes back against what was been
2623 |2622 |03:40:29 ~-~-> 03:40:33 |underway in terms of higher prices or lower prices. So it's going to seek the
2624 |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
2625 |2624 |03:40:37 ~-~-> 03:40:44 |on moves it's been going lower. The reaction off of that. And we're right
2626 |2625 |03:40:44 ~-~-> 03:40:51 |here. I mean, if, if, if you don't extend the new week, opening gaps on
2627 |2626 |03:40:51 ~-~-> 03:40:55 |your chart and keep them on there for a few weeks, you're really you're trading
2628 |2627 |03:40:55 ~-~-> 03:41:00 |blind, like you have no idea why the market's doing what it's doing. And if
2629 |2628 |03:41:00 ~-~-> 03:41:04 |your indicator, or if your idea of your elbow, last time you had tennis elbow,
2630 |2629 |03:41:04 ~-~-> 03:41:08 |the market went up, whatever the bullshit logic is that you use, whatever
2631 |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
2632 |2631 |03:41:13 ~-~-> 03:41:17 |say that they're going to not. That's the fucking truth. That's what makes
2633 |2632 |03:41:17 ~-~-> 03:41:21 |your stuff work when it happened to be in those fleeting moments where it's in
2634 |2633 |03:41:21 ~-~-> 03:41:26 |agreement with what I say the market's going to do. And then there we go. Now,
2635 |2634 |03:41:26 ~-~-> 03:41:34 |imagine, now, imagine you have done the due diligence of studying and price
2636 |2635 |03:41:35 ~-~-> 03:41:39 |reading like we're doing tape reading and defining certain things, getting
2637 |2636 |03:41:39 ~-~-> 03:41:44 |familiar with certain logic when you when you sign up to learn a language,
2638 |2637 |03:41:45 ~-~-> 03:41:51 |like I went through Spanish one and Spanish two, and I know a little bit of
2639 |2638 |03:41:51 ~-~-> 03:42:00 |Arabic, I know a little bit of Spanish, that's pretty much it. There's those are
2640 |2639 |03:42:00 ~-~-> 03:42:05 |the two languages that I learned from and when I was working for an Arabic
2641 |2640 |03:42:05 ~-~-> 03:42:10 |family, I learned all the bad words. First, obviously, because I want to know
2642 |2641 |03:42:10 ~-~-> 03:42:15 |when they're cussing me out behind my back. Then I learned the casual stuff.
2643 |2642 |03:42:16 ~-~-> 03:42:24 |And when you sit down with me and you want to learn how to read price action,
2644 |2643 |03:42:24 ~-~-> 03:42:27 |and you want to be able to read price action and do the executions like you
2645 |2644 |03:42:27 ~-~-> 03:42:31 |watch me do, and you want to see me share this logic in a way that's
2646 |2645 |03:42:31 ~-~-> 03:42:37 |straightforward, easy, real fast, I want you to think about say you're say you're
2647 |2646 |03:42:37 ~-~-> 03:42:41 |foreign, and you want to learn to speak English. And a lot of my students
2648 |2647 |03:42:41 ~-~-> 03:42:45 |actually chose to learn how to speak English because of wanting to learn from
2649 |2648 |03:42:45 ~-~-> 03:42:50 |me this and now they can speak English because they have been so inspired to
2650 |2649 |03:42:50 ~-~-> 03:42:53 |learn how to trade, they force themselves to learn English so that way
2651 |2650 |03:42:53 ~-~-> 03:43:01 |you can listen to me. Did that come easy? No way. When you learn another
2652 |2651 |03:43:01 ~-~-> 03:43:06 |language, it takes time. It's very difficult, especially the English
2653 |2652 |03:43:06 ~-~-> 03:43:10 |language, because we have words that shouldn't sound like other words that
2654 |2653 |03:43:10 ~-~-> 03:43:16 |spelled completely different, like wood, W, O, O, D, and then you have W, o, u,
2655 |2654 |03:43:16 ~-~-> 03:43:23 |l, D, what? Yeah, it's very confusing. And if you have time, you can look on
2656 |2655 |03:43:23 ~-~-> 03:43:30 |YouTube. Look at Gallagher. He's a he's a very funny comedian, and he's very
2657 |2656 |03:43:30 ~-~-> 03:43:35 |popular for taking this as a skit idea, and makes fun of our English language.
2658 |2657 |03:43:35 ~-~-> 03:43:38 |And it's like, Who the hell designed this? This is dumb, but it really is
2659 |2658 |03:43:38 ~-~-> 03:43:42 |true. I'm thankful that I had learned English initially, because I think I
2660 |2659 |03:43:42 ~-~-> 03:43:45 |would have been treating it like I did when I was trying to learn French, or I
2661 |2660 |03:43:45 ~-~-> 03:43:49 |tried to learn Chinese, and that's a really hard language. I tried to write
2662 |2661 |03:43:49 ~-~-> 03:43:54 |and read Arabic. That's very hard, too. It's beautiful to read like I love the
2663 |2662 |03:43:54 ~-~-> 03:43:58 |way it looks. It's beautiful, but it was hard enough just to learn to speak a
2664 |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
2665 |2664 |03:44:01 ~-~-> 03:44:07 |little bit of a conversation, but learning a language like this is not
2666 |2665 |03:44:07 ~-~-> 03:44:11 |going to be easy. It's not going to be right away, type results, okay, it's
2667 |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
2668 |2667 |03:44:14 ~-~-> 03:44:19 |there. But I'm giving you the best way. Like, if you're going to learn a
2669 |2668 |03:44:19 ~-~-> 03:44:23 |language, work around people that speak that language, and because of the
2670 |2669 |03:44:23 ~-~-> 03:44:28 |exposure to it, when I was working at a restaurant in the air family that I
2671 |2670 |03:44:28 ~-~-> 03:44:34 |worked for, they would speak in Arabic, and then they would say to English, so I
2672 |2671 |03:44:34 ~-~-> 03:44:39 |would know what they were doing, and I would hear him or them say the words,
2673 |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
2674 |2673 |03:44:43 ~-~-> 03:44:50 |they pay yet? Is this done? How many more left? This is not complete, you
2675 |2674 |03:44:50 ~-~-> 03:44:54 |know. Or hand them this and hand them that, and it was monotonous for them,
2676 |2675 |03:44:54 ~-~-> 03:44:58 |but they were nice enough to do that so I could, I could learn Arabic, and
2677 |2676 |03:44:59 ~-~-> 03:45:02 |that's. The equivalent of what I'm doing. I use the real world experience
2678 |2677 |03:45:02 ~-~-> 03:45:08 |of me learning while working. I'm over top of live price action with you, just
2679 |2678 |03:45:08 ~-~-> 03:45:12 |like I am with my son. So I'm showing you things as the price is happening,
2680 |2679 |03:45:13 ~-~-> 03:45:16 |that the delivering higher or lower around specific levels that I think are
2681 |2680 |03:45:16 ~-~-> 03:45:20 |important, that are pertinent to the ideas that I teach, and I draw your
2682 |2681 |03:45:20 ~-~-> 03:45:26 |attention to the moments where you're met with a decision, does it continue,
2683 |2682 |03:45:27 ~-~-> 03:45:31 |or is it likely to reverse, or is it done for the day? And I share my
2684 |2683 |03:45:31 ~-~-> 03:45:39 |experience in 30 years of doing this with you real time. There really is no
2685 |2684 |03:45:39 ~-~-> 03:45:44 |better benefit than having someone that willing to do this. I would have solved
2686 |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
2687 |2686 |03:45:48 ~-~-> 03:45:53 |draw down and just feeling like I want to, I wanted to end myself literally. I
2688 |2687 |03:45:53 ~-~-> 03:45:57 |wanted to end myself because I was like, why they even start doing this? I'm
2689 |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
2690 |2689 |03:46:00 ~-~-> 03:46:04 |nobody can help me. Nobody believes in me. My family thinks it's never going to
2691 |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
2692 |2691 |03:46:10 ~-~-> 03:46:17 |no support structure around me. You have such a wonderful opportunity just to sit
2693 |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
2694 |2693 |03:46:21 ~-~-> 03:46:24 |promise you that if you're watching price and you're trading, you're going
2695 |2694 |03:46:24 ~-~-> 03:46:29 |to see something you didn't see or expect in what you're watching, and it
2696 |2695 |03:46:29 ~-~-> 03:46:32 |might protect you. It might change your mind about something you may be
2697 |2696 |03:46:32 ~-~-> 03:46:36 |overhanded in, like you're really, really bearish, and you're holding a
2698 |2697 |03:46:36 ~-~-> 03:46:39 |really big short position. And I'm saying, and watch this level, it's
2699 |2698 |03:46:39 ~-~-> 03:46:42 |probably going to send us up to that level when, when I do that in the live
2700 |2699 |03:46:42 ~-~-> 03:46:46 |streams, you have my permission to try to protect your ass, because if you're
2701 |2700 |03:46:46 ~-~-> 03:46:49 |on the other side of me calling this stuff in the live stream, you're
2702 |2701 |03:46:49 ~-~-> 03:46:55 |probably going to lose your ass. And I mean that not to be bragging, not to
2703 |2702 |03:46:55 ~-~-> 03:46:58 |hurt your feelings, not to be arrogant. I mean it wholeheartedly, because I'm
2704 |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.
2705 |2704 |03:47:02 ~-~-> 03:47:06 |I'm not trying to deter him from learning the shortest route and
2706 |2705 |03:47:06 ~-~-> 03:47:10 |directional way to get right to the end of the conversation of knowing what to
2707 |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
2708 |2707 |03:47:19 ~-~-> 03:47:21 |to understand in in a graduated manner,
2709 |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,
2710 |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
2711 |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
2712 |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
2713 |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
2714 |2713 |03:47:38 ~-~-> 03:47:42 |going to do it because he wants to learn, and I want him to learn the
2715 |2714 |03:47:42 ~-~-> 03:47:47 |correct way. And there's no better way than dad sitting out here doing it with
2716 |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
2717 |2716 |03:47:51 ~-~-> 03:47:58 |archived. And even if something bad happens and I and I lost my laptop, the
2718 |2717 |03:47:58 ~-~-> 03:48:02 |recordings that are on it don't matter, because I have it on an external
2719 |2718 |03:48:02 ~-~-> 03:48:05 |archive. It's on YouTube, and there's witnesses all around the world seeing me
2720 |2719 |03:48:05 ~-~-> 03:48:09 |do it, seeing that it works, seeing that the logic is the same stuff. It's not
2721 |2720 |03:48:09 ~-~-> 03:48:15 |being bent and twisted and contorted. It's there. And now, to answer the last
2722 |2721 |03:48:15 ~-~-> 03:48:20 |question before I go grab something to eat, a Reaper fair value gap. Just
2723 |2722 |03:48:20 ~-~-> 03:48:25 |because I introduced it, don't think you know it. Don't think because I showed my
2724 |2723 |03:48:25 ~-~-> 03:48:31 |deuce. You think you know everything okay? There are certain little things
2725 |2724 |03:48:31 ~-~-> 03:48:37 |that change in price that make it one thing or the other. Every fair value gap
2726 |2725 |03:48:37 ~-~-> 03:48:44 |is not the same if they share the same space of another PVA Ray, it changes its
2727 |2726 |03:48:44 ~-~-> 03:48:50 |character. It changes it. It makes it something else. Again, you don't know
2728 |2727 |03:48:50 ~-~-> 03:48:54 |what the fuck you're talking about. Okay, so stop trying to teach and trying
2729 |2728 |03:48:54 ~-~-> 03:48:57 |to call it something else. It's not. And when you question me about what I'm
2730 |2729 |03:48:57 ~-~-> 03:49:01 |annotating on my chart, unless I come back and say, I messed this up. I messed
2731 |2730 |03:49:01 ~-~-> 03:49:04 |up. Not done that. I have said I referred to a market maker sell model
2732 |2731 |03:49:04 ~-~-> 03:49:10 |when it was really a buy model and or I referred to a second stage distribution
2733 |2732 |03:49:10 ~-~-> 03:49:14 |when it was clearly going up. And it's re accumulation, second stage, re
2734 |2733 |03:49:14 ~-~-> 03:49:17 |accumulation, because I'm out here without script, and I'm going to do it
2735 |2734 |03:49:17 ~-~-> 03:49:20 |eventually, in the future, I'm going to say something that slips. It's a slip it
2736 |2735 |03:49:20 ~-~-> 03:49:25 |up tongue, but that is a Reaper fair value gap that I showed the other day,
2737 |2736 |03:49:25 ~-~-> 03:49:31 |and I told you to project it through, extend it through, and how many times it
2738 |2737 |03:49:31 ~-~-> 03:49:42 |used it key takeaway, what is August, 1, first day of the week? What time did
2739 |2738 |03:49:42 ~-~-> 03:49:44 |that gap get referenced?
2740 |2739 |03:49:48 ~-~-> 03:49:50 |It happens every single month,
2741 |2740 |03:49:52 ~-~-> 03:49:56 |because the algorithm will go back to a specific date. What date would it use?
2742 |2741 |03:49:58 ~-~-> 03:50:09 |First trading day? I. First day of week, Wednesday, previous Friday. That's not
2743 |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
2744 |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
2745 |2744 |03:50:21 ~-~-> 03:50:26 |new month. Okay? What month are we in August? Let's go back to the first day
2746 |2745 |03:50:26 ~-~-> 03:50:33 |of August. Use the first pertinent PD array of August. Carry it through your
2747 |2746 |03:50:33 ~-~-> 03:50:37 |chart, and you're gonna see shit that you never saw before. That's all I'm
2748 |2747 |03:50:37 ~-~-> 03:50:41 |gonna tell you now. The rest of the stuff will be in the book. But when I
2749 |2748 |03:50:41 ~-~-> 03:50:46 |give a speed specific PD array and I annotate it, as long as I'll come back
2750 |2749 |03:50:46 ~-~-> 03:50:50 |the day after, because I have made mistakes before, I've miscued, miscalled
2751 |2750 |03:50:50 ~-~-> 03:50:53 |something, and it's just human error, like I have a Biden movement once in a
2752 |2751 |03:50:53 ~-~-> 03:50:57 |once in a while, it's just, you're gonna have it too. And every live streamer
2753 |2752 |03:50:57 ~-~-> 03:51:01 |I've ever watched, they've said shit that I don't think they realize that.
2754 |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.
2755 |2754 |03:51:04 ~-~-> 03:51:07 |It was backwards. It was but I get it. And if you're a mature audience member,
2756 |2755 |03:51:07 ~-~-> 03:51:11 |you know, you know what a market maker buy model is, if you've been around the
2757 |2756 |03:51:11 ~-~-> 03:51:14 |block with me, and if it's going up, it's not distribution, that's re
2758 |2757 |03:51:14 ~-~-> 03:51:18 |accumulation. So it's just an innocent type thing. But that was an absolute
2759 |2758 |03:51:18 ~-~-> 03:51:25 |Reaper. A Reaper is a fucking scythe. It literally cuts through the whole fucking
2760 |2759 |03:51:25 ~-~-> 03:51:30 |month and makes it so tradable, where any opportunity you see, where you can
2761 |2760 |03:51:30 ~-~-> 03:51:34 |engage that one, and as long as it matches time of day when the market
2762 |2761 |03:51:34 ~-~-> 03:51:38 |should deliver, it's just obvious. This is real easy. That's That's one of those
2763 |2762 |03:51:38 ~-~-> 03:51:41 |times when you ask me, How do you know which one, which? Which fair value got
2764 |2763 |03:51:41 ~-~-> 03:51:44 |to use? Well, that's one of them, because it has to be anchored to a
2765 |2764 |03:51:44 ~-~-> 03:51:50 |specific day that is meaningful, first day of month, first day of week. What's
2766 |2765 |03:51:50 ~-~-> 03:51:55 |the first fair value? Get the forms after 930 on a Monday, draw that bitch
2767 |2766 |03:51:55 ~-~-> 03:51:57 |out through the time over the course of your week
2768 |2767 |03:51:59 ~-~-> 03:52:00 |and the month.
2769 |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.
2770 |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
2771 |2770 |03:52:10 ~-~-> 03:52:14 |eat again. How am I gonna keep giving this away for free? How can, how can I
2772 |2771 |03:52:14 ~-~-> 03:52:16 |make my ends meet if I keep giving it away for free, right?
2773 |2772 |03:52:18 ~-~-> 03:52:19 |Oh, anyway,
2774 |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
2775 |2774 |03:52:23 ~-~-> 03:52:26 |wanted to spend. So tomorrow, we're going to try to be a little bit more
2776 |2775 |03:52:26 ~-~-> 03:52:31 |economical and focus just on the 930 to 1030 hour, because I want to keep keep
2777 |2776 |03:52:31 ~-~-> 03:52:36 |my son's focus into that little time window. Okay, I may leave you with
2778 |2777 |03:52:36 ~-~-> 03:52:39 |things to annotate and watch going throughout the rest of the day, but
2779 |2778 |03:52:40 ~-~-> 03:52:43 |Tuesday through Friday. The rest of this week, we're just going to be doing one
2780 |2779 |03:52:43 ~-~-> 03:52:47 |hour sessions. I don't know which day this week we're going to do two sessions
2781 |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
2782 |2781 |03:52:52 ~-~-> 03:52:58 |to to tell me what that is. We have family members visiting us, and I have
2783 |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
2784 |2783 |03:53:02 ~-~-> 03:53:06 |because I got a bruised ego and I did something wrong on the stream. I had to
2785 |2784 |03:53:06 ~-~-> 03:53:09 |close it. I'm telling you in advance that they're going to be shorter because
2786 |2785 |03:53:09 ~-~-> 03:53:13 |I have to make allowances for my personal family time, but still force my
2787 |2786 |03:53:13 ~-~-> 03:53:18 |son into studying that individual trading day. Okay, so until I talk to
2788 |2787 |03:53:18 ~-~-> 03:53:22 |you tomorrow, we'll be back again at the quarter after nine tomorrow, New York,
2789 |2788 |03:53:22 ~-~-> 03:53:27 |Standard Time, and we'll end it tomorrow around 1030 and I'll talk with you all
2790 |2789 |03:53:27 ~-~-> 03:53:30 |day, Lord willing, until then. Be safe. Bye.