ICT YT - 2024-08-22 - ICT 2024 Mentorship - Lecture 14
Last modified by Drunk Monkey on 2024-08-31 09:35
| 1 | 00:02:25 --> 00:02:40 | ICT: There we are. It's about time. This thing works with me today. It was messing with me in here. Good morning. Good morning. I'm a bit of a proud uncle. |
| 2 | 00:02:40 --> 00:02:58 | ICT, we just sent our our niece off to college. She she's been living with us, and she's now officially a freshman. She's going to go live on campus, so kind |
| 3 | 00:02:58 --> 00:03:10 | of with a little bit of a delay, saying goodbye, my my wife and her mother and sister and on, the vehicles were all packed up to go take their stuff there. So |
| 4 | 00:03:10 --> 00:03:20 | that's kind of reason why I'm delayed. Little emotional, proud of her beautiful, young black woman, and I believe she's going to be such a success, and I can't |
| 5 | 00:03:20 --> 00:03:32 | wait to see it. So Olivia, when you listen to this later on, just know that I'm very, very proud of you. So today I want to ask some questions. I know some of |
| 6 | 00:03:32 --> 00:03:41 | you like to ask me questions, but I want to ask you some questions. But before we get into it, I want to give you delay the land here, that way we can have our |
| 7 | 00:03:41 --> 00:04:00 | levels in mind. So the yellow shaded area here that says the entire daily volume imbalance. Okay, so I'm going to go back out to a daily chart in a moment, but |
| 8 | 00:04:00 --> 00:04:14 | for now, if you notice, if you bear with me one second, I apologize. I know I'm not that professional when it comes to this live streaming stuff. Still |
| 9 | 00:04:14 --> 00:04:26 | learning, man, still learning. I just want to do an audio check real quick, because if I start talking and I don't hear myself, it's going to be these |
| 10 | 00:04:26 --> 00:04:46 | Democrat ads wasted. Well, there goes half an audience, right? Okay, I can hear myself, all right. So anyway, this level here the 20,001 that is the rejection |
| 11 | 00:04:46 --> 00:04:57 | block from the daily chart, which you'll see in a moment. This is the full daily volume imbalance. And some of you probably were on the assumption that you had |
| 12 | 00:04:57 --> 00:05:07 | yours filled in before mine. And. That's because you probably had settlement toggled on your daily chart. And I'll show you what that means in a moment. This |
| 13 | 00:05:07 --> 00:05:17 | is our new day opening gap for today. You see the reference points over here, and then I'll get into the business of all this stuff here, because that's going |
| 14 | 00:05:17 --> 00:05:26 | to be an answer to one or two of the questions that I'm going to propose to you, I'm going to leave you with some questions that you're going to have to answer |
| 15 | 00:05:26 --> 00:05:33 | on your own. It's going to be things that's going to be important for you, if you're going to be a student here, or if you're contemplating spending any more |
| 16 | 00:05:33 --> 00:05:42 | time watching any of my content, or ever coming to my live streams or whatnot. These are questions that I think that are going to be paramount for you. They're |
| 17 | 00:05:42 --> 00:05:54 | not necessarily important for me, because I'm convinced, I mean, it is what it is. It's in my hands. I'm I'm showing you, but for students that are here and |
| 18 | 00:05:54 --> 00:06:03 | you're trying to learn how to do this, or you're just sticking your toe in the water to see if there's any reason to do any further investigation whether or |
| 19 | 00:06:03 --> 00:06:11 | not this is something that's applicable for you. Does it really work? Is there really an algo I'm going to give you a lot of things today also cover, you know, |
| 20 | 00:06:11 --> 00:06:27 | live price action as we go. But we started this week off with the expectation of primarily focusing on the foundations to entries, okay? And it's one thing, |
| 21 | 00:06:27 --> 00:06:36 | knowing where the market's likely to go, then it's all together, something different than simply saying, this is where I think it's going to go. And then |
| 22 | 00:06:36 --> 00:06:46 | when it gets there, you feel the warm and fuzzies. It's like, wow, I really saw that coming, and it really delivered. And that's a necessary part of your |
| 23 | 00:06:46 --> 00:06:59 | development. That is not the same thing as knowing when to get into a trade. Now I have lots of ways to get into a trade, and you watch me do one yesterday that |
| 24 | 00:06:59 --> 00:07:09 | I'm going to try to do my best to explain what it was, but there's certain elements of manual intervention. And I will try my best to try to articulate |
| 25 | 00:07:09 --> 00:07:20 | what that was that I observed yesterday, and walk you through the trade why I did it, and I'll show you what I did in the afternoon as well. So before we can |
| 26 | 00:07:20 --> 00:07:30 | get to understanding where the market's going to go, we have to have a higher Time Frame lay of the land. Okay? What's it likely to do? And if you remember, |
| 27 | 00:07:30 --> 00:07:42 | when we first started this teaching circuit, the 2024, ICT mentorship on YouTubes for free, if anybody's selling you these videos, you're moron. You're |
| 28 | 00:07:42 --> 00:07:55 | paying for it when it's all for free. But I started it with showing you just intraday volatility, so that way you can read short term highs and lows relative |
| 29 | 00:07:55 --> 00:08:07 | equal highs and lows. Draws on liquidity, time of day studies and looking at the influence of what liquidity and inefficiencies in price will offer. So that way, |
| 30 | 00:08:07 --> 00:08:23 | it gives you an initial affinity for which one do you like more? Meaning that first question of the day, are you a student or students slash trader that's |
| 31 | 00:08:23 --> 00:08:30 | already been profitable using something else, and you try to just learn something here, or you're just a trader and you're just here, not really trying |
| 32 | 00:08:30 --> 00:08:43 | to learn, but you just want to compare notes. Are you a trader that is influenced by the inefficiencies in price? That means, like these single passes |
| 33 | 00:08:43 --> 00:08:55 | in price. That's a buy side of balance, outside efficiency, these one single little areas where we call it as a gap. Do you have an affinity for those where |
| 34 | 00:08:55 --> 00:09:05 | your eye just jumped to them and you either want to trade inside of them as an entry or target them as your your Terminus where you're reaching for or are you |
| 35 | 00:09:05 --> 00:09:17 | a individual that sees the high and you want to draw to that high to get to the buy side, just above it, or relative equal highs to get above those highs. Or do |
| 36 | 00:09:17 --> 00:09:25 | you look at lows that are relatively equal, or a singular low and try to use that as a basis for your expectation the market's going to drop down just to |
| 37 | 00:09:26 --> 00:09:36 | engage the liquidity below those lows, you're one of the other. I don't care what school thought you're using as a trade idea or methodology, you're doing |
| 38 | 00:09:36 --> 00:09:46 | one or the other. Okay? And if you're not doing that, then you're really just probably trading off of indicators, and indicators aren't necessarily going to |
| 39 | 00:09:46 --> 00:09:57 | deliver one of those, one of those conditions, so you're going to have to come to the conclusion that either you're going to engage price initially to get into |
| 40 | 00:09:57 --> 00:10:10 | a trade idea with a. Inefficiency or entering on liquidity. Liquidity is below old lows or a singular low, or above a singular high or above relative equal |
| 41 | 00:10:10 --> 00:10:24 | highs. That's it. Okay. Now you may be trading inside of a range in that smaller short term low or short term high is a catalyst for you to get into, you know, |
| 42 | 00:10:24 --> 00:10:34 | for instance, like institutional inflow entry, which I taught this week. So now we know there's a little bit more elements to it, and that way you can have a |
| 43 | 00:10:34 --> 00:10:42 | foundation to build on. You may start on one school of thought, thinking I want to enter on fair value gaps and target fair value gaps as my exiting strategy. |
| 44 | 00:10:42 --> 00:10:55 | And then all of a sudden, because you understand the principles of liquidity, time of day, when does the market spool? When is the market take off? Like, |
| 45 | 00:10:55 --> 00:11:05 | when's it reaching for something that is, in your opinion, or my opinion, that it's reasonable to take a partial profit to fund the trade, get get something |
| 46 | 00:11:05 --> 00:11:13 | out of it, remove risk, and that way you have a free look. Okay, then you're getting paid to see if it works beyond that point. And that's a real good |
| 47 | 00:11:13 --> 00:11:22 | feeling mentally. It's a a wonderful place to be in as a trader, where you've taken a partial you moved your stop to cover costs. There's absolutely nothing |
| 48 | 00:11:22 --> 00:11:34 | barring, you know, a traumatic experience that nobody can really foresee, upsetting that trade. So that way you have a free look and then paid to see the |
| 49 | 00:11:34 --> 00:11:45 | outcome, versus getting into a trade and not knowing what you're going to do, and only holding for the best case exit strategy, which, to me, is too myopic. |
| 50 | 00:11:46 --> 00:11:55 | There is no trader, and I'm considering myself up in the upper percentage of this, this bracket of people. I can see what price is likely to do. I can time |
| 51 | 00:11:55 --> 00:12:04 | the market. My students have done the same thing. It's transferable information. But I know that I'm not perfect. I'm capable of messing it up. Me, the human |
| 52 | 00:12:04 --> 00:12:13 | part of me, I'll mess it up. I'll either try to outperform my own concepts, or I'll I'll finesse it, try to do something fancy, and either miss the trade |
| 53 | 00:12:13 --> 00:12:19 | because I can't get my limit executed, or I have completely, |
| 54 | 00:12:20 --> 00:12:31 | completely omitted something in the chart that would have otherwise been more salient and obvious for me, but I'm trying to address a concern of a student, or |
| 55 | 00:12:31 --> 00:12:40 | I may sit down in front of charts and I'm angry about something like one of my puppies, she she had an accident in our brand new mattress. Just bought a brand |
| 56 | 00:12:40 --> 00:12:49 | new bed, brand new mattress, and my wife let her fall asleep in the bed, and scout made a mistake and she dribbled. It wasn't a lot, but I lost my mind over |
| 57 | 00:12:49 --> 00:12:59 | it. So now we gotta get another mattress, because I can't have that. But when I sit down in front of the charts, if my mind's occupied on something like that, |
| 58 | 00:12:59 --> 00:13:09 | and it's revving and revving and revving. I know I'm more prone to make a mistake. I'm more prone to exact revenge, exact my wrath, and I want to have |
| 59 | 00:13:09 --> 00:13:21 | Sonny's head on a stick, because something's either gone wrong in my house, something's gone wrong with something I plan for maybe my one of my kids didn't |
| 60 | 00:13:21 --> 00:13:30 | listen. They didn't do something. I'm a human being just like you, and you're going to have all these influences. So in those instances, the human aspect of |
| 61 | 00:13:30 --> 00:13:41 | ICT demand will mess it up. And because I'm not trading off of something entirely automated all the time, I have to make things discretionary. I got to |
| 62 | 00:13:41 --> 00:13:51 | go in and say, Okay, I want to trade this. But then I'll make a decision on how many contracts do I want to trade, and if I have anything external, stimulating |
| 63 | 00:13:51 --> 00:14:01 | the the end result, meaning, if I'm angry, I want to have some kind of a victory or something, I can't change the fact that, you know, one of my children may |
| 64 | 00:14:01 --> 00:14:07 | have done something that caused me to have to bail them out financially, because they've done something they can't afford. You know, they wreck something. Their |
| 65 | 00:14:07 --> 00:14:16 | car gets screwed up. They gotta, I gotta buy them another they need help sometimes, but if they don't do the things I ask them to do or avoid, the things |
| 66 | 00:14:16 --> 00:14:26 | I tell them to avoid, and they make that mistake, I get frustrated by it, so it's tapping that rejection buck. Let's go out to the daily chart real quick, |
| 67 | 00:14:26 --> 00:14:30 | and I'll walk you through this because we're a couple minutes away from the opening |
| 68 | 00:14:40 --> 00:14:52 | bill. Now, if you look at what we have here, this is my daily volume of balance. This is the one I was using. If you look in the lower right hand corner, you'll |
| 69 | 00:14:52 --> 00:15:02 | see s, e, t on trading view, okay. If you toggle that, see what it does. It changes the volume imbalance. Because many of you probably had your volume |
| 70 | 00:15:02 --> 00:15:10 | balance set to that. I shouldn't say many of you only had a few of them, but I had a couple people even comment saying, hey, mine was already filled in. I |
| 71 | 00:15:10 --> 00:15:19 | don't know what you're doing. You're making a mistake. I'm capable of making a mistake, but I'm not going to make that mistake while I'm trading and I'm |
| 72 | 00:15:19 --> 00:15:28 | looking at the levels I'm reaching for. And what I do is, this is the answer to question, do I toggle the settlement? Because this is basically allowing the |
| 73 | 00:15:28 --> 00:15:39 | trading view to use the settlement price as the close on your daily chart, candles or not, and to answer your question. And make it very simple, I'm |
| 74 | 00:15:39 --> 00:15:50 | looking for PB arrays, whether I'm using the settlement price toggled on or off. Now I'm showing you here. This is what you probably had on yours. That's not a |
| 75 | 00:15:50 --> 00:16:01 | problem. That's not a mistake. It just means that you didn't do this to see the wider volume imbalance that was there. I'm always going to afford myself the |
| 76 | 00:16:01 --> 00:16:12 | range that's a little bit beyond where the the initial one was. So if there's a fair value gap, one toggle of element used or not used, and it's broader and |
| 77 | 00:16:12 --> 00:16:24 | wider, I'm going to elect to use the wider one. I'm not trying to get the smaller one. I'm going to use the wider one. The same thing happens here. This |
| 78 | 00:16:24 --> 00:16:33 | is the one I'm using. That's what's on my chart. Okay, when we traded up to this candlestick right there, remember, this is what I said, what we went up to this |
| 79 | 00:16:33 --> 00:16:47 | part and we had that remaining portion left, then it traded through it. But volume imbalances are what inefficiencies and inefficiencies are gaps. Gaps are |
| 80 | 00:16:47 --> 00:16:56 | not one and done, filled and forgotten, tossed out with the you know, toss the baby out with the bathwater. It's already done. Now that gap is filled. We're |
| 81 | 00:16:56 --> 00:17:05 | not retail. We don't think like retail. We're not, you know, John Petty, code style mentorship. You know, we're not trying to do stupid ass backwards stuff, |
| 82 | 00:17:05 --> 00:17:11 | okay? We're not trying to think like street money. We're not trying to think that, you know, the algorithms change, because I'm going to rub somebody's nose |
| 83 | 00:17:11 --> 00:17:25 | in it today with that, the idea of toggling back and forth, I see this rejection block, okay? But the same thing, I want to see, where does that candle body go |
| 84 | 00:17:25 --> 00:17:34 | if I toggle off? And that's why that's my rejection block, because it's the it's the one that's further away, further away from where ICT, well, when it's down |
| 85 | 00:17:34 --> 00:17:45 | here and I'm reaching up for them, these are premium arrays, when price was below this volume imbalance, like that, and we're below it down here. That's a |
| 86 | 00:17:45 --> 00:17:54 | premium, right? We want to see a dig into that. Go back and listen to Tuesdays, August 13, 2024 live stream. Towards the end of the live stream, I walk you |
| 87 | 00:17:54 --> 00:18:01 | through the daily chart. Okay? I'm showing you all the levels. The rejection block was the next. Then we have consequent crochet of this wick. And then we |
| 88 | 00:18:01 --> 00:18:07 | have the high where the buy side is. And I said, ultimately, as long as nothing happens in the Middle East, we're probably going to trade up into this |
| 89 | 00:18:07 --> 00:18:15 | inefficiency here. And I'll have to see how we trade in there to determine whether or not I feel convicted enough to go into this, this high here. Just go |
| 90 | 00:18:15 --> 00:18:23 | back into there. Okay, I can't change it, not able to edit anything. But you can see that's where we reached into. Now we have continuously pressed in, and I |
| 91 | 00:18:23 --> 00:18:35 | told you that it's in, it's not likely to be sustained having this many days up without a down closed candle, so it's unsustainable. And that's why we had this |
| 92 | 00:18:35 --> 00:18:45 | singular down closed candle, which is good. You want to see that, and you want to see this price respect that it trades above it, yes. And today we open traded |
| 93 | 00:18:45 --> 00:18:53 | down into that candle and rally back up. Where's it? Reaching into the rejection block that you toggle here. Now this is the part that frustrates some |
| 94 | 00:18:53 --> 00:19:05 | individuals, because this is too many parts. This is too many moving parts. Well, listen, folks, you're expecting to be able to walk out of high school, |
| 95 | 00:19:06 --> 00:19:14 | quit University, say, I ain't going to college. I'm going School of ICT. He's got everything on internet, youtube channel, and it's for free, so I'm just |
| 96 | 00:19:14 --> 00:19:23 | going to study that, and I'm going to just be a smart money concept, straighter slash ICT, because it's the same thing. I'm tired. I'm tired. I'm tired of |
| 97 | 00:19:23 --> 00:19:33 | people talking like SMC is something apart from me. That is me. It's just you're replacing my name ICT with my concepts, which I dubbed Smart Money concepts. |
| 98 | 00:19:33 --> 00:19:45 | White golf is fucking not smart money concepts. Okay, it's not. That's a very, very good introduction to how price can move around, but it doesn't give you the |
| 99 | 00:19:45 --> 00:19:53 | details that I'm Daddy ICT is so Papa's in the house today. We're going to be cooking today, and I'm going to hurt some feelings today, but I want this to be |
| 100 | 00:19:53 --> 00:20:04 | the last conversation I have about this, because I'm tired of seeing ass hats and other people's comments in. My comments, sending me email saying you're |
| 101 | 00:20:04 --> 00:20:15 | renaming SMC motherfuckers. I created SMC. That's mine. It's fucking mine. Look at the banner on my YouTube channel. I'm the creator to this stuff. There's |
| 102 | 00:20:15 --> 00:20:25 | nobody else out there that had these things, these concepts, ever in any of their shit. Never find it. It's there. It's there. If it's there, you're going |
| 103 | 00:20:25 --> 00:20:35 | to get it $5 million I got a student. It's in my private mentorship. Don't be, don't be offended by this. But he, he sees some things in a Andrew's pitchfork |
| 104 | 00:20:36 --> 00:20:46 | and median lines. And he's, he thinks he's hit a vein of gold that's not even close to it. But hey, I'm not here to try to despair. So you might find |
| 105 | 00:20:46 --> 00:20:54 | something that gives him a model in that, but that that's not what you're seeing here. Okay, I promise you that is absolutely not. The algorithm has absolutely |
| 106 | 00:20:54 --> 00:21:02 | no respect of Andrew's Pitchfork or Andrew's media lines, and if you never looked at it, just start investigating it yourself too. That way, you have a |
| 107 | 00:21:02 --> 00:21:12 | whole I have 1,300,000 people now looking at Andrew's pitchforks and Andrew's median lines. Because if I have all of you looking, nobody will leave a stone |
| 108 | 00:21:12 --> 00:21:20 | unturned that way. We'll all know that that ain't it either. Okay, don't be offended. I'm not going to say your name. You know who you are. I have one of my |
| 109 | 00:21:20 --> 00:21:29 | user groups that the he's some of them, some of my other students kind of like beat him up a little bit. I haven't been aware of all that, but it's apparent |
| 110 | 00:21:29 --> 00:21:36 | that he's been slapped around. But I can see why he would have gotten a little bit of bruising, because he's insisting on that this is, this was pre ICT, so |
| 111 | 00:21:36 --> 00:21:45 | therefore that's the algorithm. But I'll invite all of you to that same thing. Look into it, okay, and you'll discover that that ain't either. But if it makes |
| 112 | 00:21:45 --> 00:22:00 | you feel good, do it? You ever see demon knight with, what was it? The Crypt Keeper? There's a scene in there where the main, I guess, the demon monster guy. |
| 113 | 00:22:00 --> 00:22:08 | I can't think of his name. His name's case, he's not, he's not really in movies anymore. I thought he did a great part there, but he's he goes, if it makes you |
| 114 | 00:22:08 --> 00:22:16 | feel good, do it. Well, in this regard, you're going to waste your time, if you're, if you're really trying to convince yourself that that's what it is. |
| 115 | 00:22:16 --> 00:22:26 | First of all, that doesn't give you anything except for it looks like it afterwards. Today we're going to talk about how it happens when it happens, and |
| 116 | 00:22:26 --> 00:22:38 | how you can stop watching people that make videos that say you should stop trading SMC because of this, or don't trade ICT, or don't watch ICT stuff, or |
| 117 | 00:22:38 --> 00:22:48 | don't waste your time with ICT stuff, because I don't know if you've been here since we started this mentorship, but I have been literally molten lava in |
| 118 | 00:22:48 --> 00:22:57 | motion. I've been scorching everything, burning everything, and today I'm going to be burning down a lot more, okay, and I'm going to piss people off. It's |
| 119 | 00:22:57 --> 00:23:04 | going to make them make more videos, which is great because it brings them all to my channel so they can see their ass is getting roasted. I'm not watching |
| 120 | 00:23:04 --> 00:23:13 | your stuff. I'm getting people sending me comments about this that nothing. Well, this guy, he made a video that we shouldn't watch Smart Money concepts, or |
| 121 | 00:23:13 --> 00:23:22 | they change the algorithm, and there's some smart money concept traps. Okay, we're going to cover all that stuff. I'm gonna ask you some questions, and I'm |
| 122 | 00:23:22 --> 00:23:35 | gonna give you some supported detail and examples, and you tell me who the fuck knows what's going on. Okay, I'm not making videos for drama sake and getting |
| 123 | 00:23:35 --> 00:23:44 | Look at this. I'm gonna start a fire so that way I can get some some attraction, some some traffic to my YouTube channel, because clips are what makes the money, |
| 124 | 00:23:44 --> 00:23:57 | right? If you need ICT in your videos, either in the title or mentioned in my name or my concepts or whatever, you're kind of a, I don't know what you want to |
| 125 | 00:23:57 --> 00:24:09 | call that. I don't know what that is. It's something that is not worthy of being watched. I'll tell you that, because every single time, every single time, and |
| 126 | 00:24:09 --> 00:24:14 | there's a guy out there that has this entire channel about me failing fucking miserably, still, |
| 127 | 00:24:15 --> 00:24:25 | none of that stuff brings anybody to, oh, yeah, that's right. It doesn't work. What happens is, is they want to see what I'm going to say in response, or how |
| 128 | 00:24:25 --> 00:24:34 | I'm going to reply to it, or what am I going to do after that? Oh, no. Oh, you really, you really exposed. ICT there. And then I come in here, and I'm doing |
| 129 | 00:24:34 --> 00:24:40 | this telling you exactly what's going to happen Tuesday. Where's the market going to go? The bias has been bullish. Where's it going to go? Each one of |
| 130 | 00:24:40 --> 00:24:53 | these individual levels, that's each one of them are micro targets in that price delivery continuum. Every little fluctuation that goes higher, you're aiming for |
| 131 | 00:24:53 --> 00:25:03 | the next PD array. But if it hasn't changed its underlying direction, if there hasn't been a reversal. I mean, has the Middle East turned into a sea of glass? |
| 132 | 00:25:03 --> 00:25:12 | No, there's sable rattling over there. There's some things being lobbed in the one country, and they're coming over and doing some other things. All that stuff |
| 133 | 00:25:12 --> 00:25:22 | is still going on, but it hasn't really boiled over yet. When it does, you'll know it'll be in the marketplace. You'll see it. It'll be huge, downcast, and we |
| 134 | 00:25:22 --> 00:25:32 | can't always predict that, so that makes me cautious when a move is long in the tooth like this. So we're getting ran trade into the midpoint of this week if we |
| 135 | 00:25:32 --> 00:25:41 | continue higher. So let me mark that, and then we'll drive back down lower time frames, and I'll continue with this carnival like atmosphere. Take this off this |
| 136 | 00:25:41 --> 00:25:56 | off, this off. We don't need that. We don't need that. That's that. And drop down to a one minute chart. So there is consequence encroachment on that premium |
| 137 | 00:25:56 --> 00:26:05 | wick. Okay, so if we trade to this above it and come back down to treat as support, because now we got we're the opening so now we're in the opening range. |
| 138 | 00:26:05 --> 00:26:22 | Opening range, not opening range gap. Opening range gap is this sessions to regular this is your opening range gap. Previous settlement day session. |
| 139 | 00:26:29 --> 00:26:50 | Here to the opening first print. Okay, so that's your opening range gap. If we toggle this back to electronic hours, there's your gap. That is the wicks, |
| 140 | 00:26:50 --> 00:26:59 | consequent crochet midpoint of the wick on the daily chart. It does not need to trade there, but we have a gap here. So this is the highest problem. I was |
| 141 | 00:26:59 --> 00:27:09 | saying this many times before, but this, this is the highest probable location when you have a gap. The first thing in my mind is, do we have the ability, the |
| 142 | 00:27:09 --> 00:27:24 | interest, the speed, for price, degree price, to half of the gap. This is where we closed that yesterday's settlement price using day session hours. That price |
| 143 | 00:27:24 --> 00:27:38 | here is the low of the opening range gap, the first print at 930 that's your opening tick on this candle right here. That is the high. They don't change. |
| 144 | 00:27:38 --> 00:27:52 | These levels do not move around. They're not dynamic. But the opening range, which is the first 30 minutes, that is a dynamic range. It can expand throughout |
| 145 | 00:27:52 --> 00:28:03 | the entirety of that 30 minute time, time frame, meaning, right now, the highest highs here. So it's this. We have this see |
| 146 | 00:28:09 --> 00:28:20 | how I can multitask. I can sling shit, talk trash, be a troll, and still come out here and teach you over live price action, that's amazing. How could you |
| 147 | 00:28:20 --> 00:28:38 | bubble gum too. I just don't have any on there right now. All right, and this is the lowest value right now. Okay, so this is why, like, I'm not trying to draw |
| 148 | 00:28:39 --> 00:28:48 | these levels on I'm just watching and referring to them. And every time we make a lower low, I'm watching where we go after that. And if we start turning around |
| 149 | 00:28:48 --> 00:29:04 | and retracing, I'll mark whatever that lowest low is inside of up to 10am so this is what you're doing every single day, you're monitoring and watching from |
| 150 | 00:29:04 --> 00:29:15 | where we open, what is the highest high and the lowest low that forms until 10 o'clock. So I believe your name is Louisa. Louisa, you have some numbers before |
| 151 | 00:29:15 --> 00:29:22 | your name. You're usually very complimentary in the comment section, but you asked the difference between opening range, gap and opening range, this is what |
| 152 | 00:29:22 --> 00:29:30 | you're doing. So hopefully has answered your question. If not ask again. I guess I don't know. I see you just about every single day, multiple times in the |
| 153 | 00:29:32 --> 00:29:47 | comments. So anyway, the opening range is we're watching. Do we have a fair value gap form so inefficiency, the very first fair value gap that forms after |
| 154 | 00:29:47 --> 00:30:00 | 930 in this first 30 minutes interval is such a fucking powerhouse. It is such a wonderful secret weapon that I don't want none of you to tell anybody. About it. |
| 155 | 00:30:00 --> 00:30:07 | Okay? You keep it between us. If you tell anybody this stuff, they're going to change the algorithm. It's never going to work ever again. |
| 156 | 00:30:12 --> 00:30:19 | You like that shit? It's funny. I love it. I mean, I get people all the time saying, there they change the algorithm. Okay, there's a joker error on Twitter |
| 157 | 00:30:19 --> 00:30:29 | said they're they're going to change your algorithm. It's not going to work. No more this year. No, no, and no, okay, no. There are some out there that took my |
| 158 | 00:30:29 --> 00:30:39 | leaked content and made their own mentorship out of it and called order blocks a Wally fucking block. And other ones ripped them off, and then they said, No, |
| 159 | 00:30:39 --> 00:30:47 | it's an institutional candle. No, no, no. It's this, this, that and the other thing. So there's no honor among thieves. Everybody that stole from me has been |
| 160 | 00:30:47 --> 00:30:54 | stealing from each other, and they're all trying to put, you know, mentorships together, scratch some money together, instead of just simply trading the stuff |
| 161 | 00:30:54 --> 00:31:05 | that they'd supposedly understand. So what we're looking for is in that first 10 minute interval, which is the opening range. Okay, so let's say it like this. |
| 162 | 00:31:05 --> 00:31:16 | Can you tell I'm having fun? I didn't feel good yesterday. When I first woke up, I didn't sleep well, it's excited about the my niece going away to college, but |
| 163 | 00:31:16 --> 00:31:24 | then I'll start to think, what happens if she goes to a party and she she puts her dream because she's very beautiful, but she's a very, very pretty young |
| 164 | 00:31:24 --> 00:31:36 | lady. She's she's very attractive, and I can see if someone else in a college environment like that were to see her, and they were not a man of character, |
| 165 | 00:31:37 --> 00:31:47 | they could probably want to do something. And I told my wife, I said, you have to have a conversation with her without trying to scare that. You know, if she |
| 166 | 00:31:47 --> 00:31:54 | goes to a party whatever did not put her cup down. Don't put her drink down because pieces of shit that had every reason to have their balls cut off and fed |
| 167 | 00:31:54 --> 00:32:03 | their cock for doing things like that to women, it's a possibility, and I don't feel like going to prison trying to find somebody that does anything to her in |
| 168 | 00:32:04 --> 00:32:20 | college. So this is our opening range. So it's, it's a time period, okay? It's a time period that begins at 930 and it goes up to 10 o'clock. That is the real |
| 169 | 00:32:20 --> 00:32:29 | opening range? The algorithm refers to this. It does not look at talking 15 minute opening ranges. It doesn't look at the first five minutes. It doesn't |
| 170 | 00:32:29 --> 00:32:38 | look at the first 20 minutes, it looks at the first 30 minutes. Okay, that's what it does. So what your interest is, is you want to see what this dynamic |
| 171 | 00:32:38 --> 00:32:47 | range in in time is doing what's the highest high and the lowest low and the first fair value gap that forms in this first 30 minutes. You want to extend |
| 172 | 00:32:47 --> 00:33:03 | that throughout the entirety of the day, okay, all the way until 345 Eastern Time, New York local time. You'll be surprised how often amazing. I'm talking |
| 173 | 00:33:03 --> 00:33:14 | amazing trades will form off that first fair value gap in that 10 minute. I'm sorry that 930 to 10 o'clock interval, the opening range. I do not want you to |
| 174 | 00:33:14 --> 00:33:21 | take my word for it. Okay, I've taught this in private mentorship. I've taught this and mentioned it in Twitter spaces last year, I think if, if I'm not |
| 175 | 00:33:21 --> 00:33:32 | mistaken, last spring, I talked about how you can do this, okay? And because I have so many concepts, like I said, I got 81 of these things, 81 of them. And |
| 176 | 00:33:32 --> 00:33:40 | they're not all just inversions of one thing. They're individual things, and they themselves are invertible. Hear that word? I just calling it invertible. |
| 177 | 00:33:41 --> 00:33:54 | You might have a convertible baby, but ICT has got invertible. Okay, come on. Keep up. Keep up. So right now, this is the lowest low we want to see. Does it |
| 178 | 00:33:54 --> 00:34:09 | expand down through it? The first probable level is that midpoint of the gap, and that gap is the opening range gap. Opening range gap. We'll put that in the |
| 179 | 00:34:09 --> 00:34:25 | middle. Make it real small, like that, so it's not too obnoxious. My ego's not obnoxious enough. We don't need anymore, right? So you're always hunting, and |
| 180 | 00:34:25 --> 00:34:38 | I'm looking for it through not just a one minute chart, but I'm looking for it also in 15 second chart, a 32nd Yeah, 32nd 15 second chart, 45 second chart. |
| 181 | 00:34:41 --> 00:34:56 | Forgot to put this on. Do not disturb. So now try to get an answer, the the 15 second, the 32nd the 45 second chart. I'm watching that as well right now. As |
| 182 | 00:34:56 --> 00:35:05 | I'm watching this with you, I'm I'm just holding a laptop. I'm in. My morning room. I have to be where my my dogs can see me. Otherwise they will howl and |
| 183 | 00:35:05 --> 00:35:13 | scream and cry because my wife and the kids are not here. So usually I'm upstairs or I'm downstairs, and they tend to them so I'm not distracted. |
| 184 | 00:35:13 --> 00:35:22 | Sometimes you probably heard them in the background, but I'm only looking at this through the chart I have expanded right now. So I have no advantage. I have |
| 185 | 00:35:22 --> 00:35:32 | no 1213, monitors, you know, spread out an array of, you know, like Batman's Bat Cave, like I'm not, I don't have any that stuff. NASA is not being used today. |
| 186 | 00:35:33 --> 00:35:44 | I'm just simply looking at one screen, one time frame, and I'm outlining it that way. If you use a tablet, like a like an iPad or Samsung tablet, which is |
| 187 | 00:35:44 --> 00:35:54 | superior. That is what you'd accomplish here. You're just looking at one screen, and you just have to toggle through and go through your time frames that way. |
| 188 | 00:35:55 --> 00:36:04 | Generally, when I'm actively trying to take a trade, I'm looking at the five, I'm sorry, the 15, the five, the one minute. And then I have that, that matrix |
| 189 | 00:36:04 --> 00:36:17 | template that has all of the 54321, and then I have a 45 second chart, a 32nd chart and a 15 second chart. And I'm looking for the first fair value gap that |
| 190 | 00:36:17 --> 00:36:27 | forms in those time frames, if I have a bias. So right away, I want you to think I've said it before. It's not a panacea. It doesn't mean it's going to work |
| 191 | 00:36:27 --> 00:36:35 | every single time. But whenever you have a gap up, which is where we have what we have here, we have yesterday's settlement price. And you determine that by |
| 192 | 00:36:35 --> 00:36:47 | going into regular trading hours, that's that price right there. Okay? And you toggle that or not toggle, but you annotate it, and you annotate the first tick |
| 193 | 00:36:47 --> 00:36:57 | opening price that is your opening range gap. Now, when it gaps up like that, you want to find the midpoint of that, because many, many times you're going to |
| 194 | 00:36:57 --> 00:37:11 | see it trade to that level, it may afford you a setup. If there is a setup that yields a run from, say, maneuvering something up here off of a premium rate and |
| 195 | 00:37:11 --> 00:37:21 | starts to break down, and you get a fair value gap, say, on a 15 second chart or 32nd chart, or 45 second chart, or the one minute. And it affords you a range |
| 196 | 00:37:21 --> 00:37:30 | from wherever that gap is to the midpoint of the gap that could be your very first like training wheels. So what are you doing in the first 30 minutes? Well, |
| 197 | 00:37:30 --> 00:37:37 | if you don't know how to trade, you should be studying, observing what price is doing, because you don't know what you're looking for. So what can you do with |
| 198 | 00:37:37 --> 00:37:47 | that 30 minutes of time, while not knowing how to trade. You study it. You look for the very first inefficiency, the very first fair value gap that forms in |
| 199 | 00:37:47 --> 00:38:00 | that 30 minutes. That's the one that the algorithm is going to like. It's the it's like the center. It's like the centerpiece. Okay, it's the focal point for |
| 200 | 00:38:00 --> 00:38:04 | the daily range until we enter a trending day. |
| 201 | 00:38:06 --> 00:38:17 | That fair value gap can be used multiple times for multiple trades, both directions. And it's like one of the really, I can give it to you and have no |
| 202 | 00:38:17 --> 00:38:26 | fear of it. You know, failing, because it's simply going to be there all the time. They're not going to change anything. It's it's doing something else. But |
| 203 | 00:38:26 --> 00:38:32 | it's not necessary for you to know what that is right now or ever. Really, it's just like when you get in your car, you know, if you push the button, if it's a |
| 204 | 00:38:32 --> 00:38:38 | push button ignition, or if you put the key and you turn it, and you got gas and the batteries right, and the starter works, the chances are it's going to do |
| 205 | 00:38:38 --> 00:38:45 | what the motor's going to turn over, and then you're probably going to be able to drive it how far before you crash. That's their skill set. Okay, but here |
| 206 | 00:38:45 --> 00:38:56 | we're looking at a measurable thing that you can go back and back test see if there's any truth to it. Because don't anything I say, I don't want you to take |
| 207 | 00:38:56 --> 00:39:09 | my word for it. I want you to go into the charts and see play like a detective and say, Is this true? Because if it's true, I should have ample evidence to say |
| 208 | 00:39:09 --> 00:39:17 | that this man is telling me the truth, or he's full of shit, and I don't ever need to go back and watch his videos. Okay, I want you to be that critical of |
| 209 | 00:39:17 --> 00:39:27 | me, because if it's not obvious in the charts, I want you to say, I'm turning ICT off and I'm going to do something else, but I'm convinced, and I've done |
| 210 | 00:39:27 --> 00:39:36 | this, and this is how I've always taught I challenge everyone, and sometimes I start fivers and say, hey, look your shits garbage. And this is what, this is |
| 211 | 00:39:36 --> 00:39:43 | what really works. And I know that their audience will be offended by that, and they're going to want to say, well, let me see how, how much better my stuff is |
| 212 | 00:39:43 --> 00:39:52 | versus his stuff. And then they come and they're like, oh shit. And then they change jerseys and they're on Team ICT. When it's no team ICT, it's just them |
| 213 | 00:39:53 --> 00:40:02 | seeing what the truth is and why price moves, what it does. But the mid part of that gap, whether it's a up gap, you. Okay, so this is a premium gap. Why? |
| 214 | 00:40:02 --> 00:40:11 | Because we gapped higher than where we settled. So this is a premium opening range gap. If we gap lower than the previous day's settlement and we say we open |
| 215 | 00:40:11 --> 00:40:23 | down here, that is a discount opening range gap, okay, very simple. Same thing. As soon as you get the first ticket 930 you want to throw a fib on that just to |
| 216 | 00:40:23 --> 00:40:31 | get the midpoint. The midpoint has a seven. Listen to this bullshit. Okay, it's all fake. You're never gonna be able to find them in charts. Promise you. You're |
| 217 | 00:40:31 --> 00:40:38 | gonna waste your time if you back test this. I'm being facetious, but that's what everybody else is gonna tell you. All you have to do is go back in time and |
| 218 | 00:40:38 --> 00:40:51 | look at it. You'll see it's there. It's a 70% chance that that mid gap level is going to get hit. Now that doesn't mean that you're going to get a 70% chance of |
| 219 | 00:40:51 --> 00:40:59 | getting an entry that's profitable, that never got stopped out, that never had drawdown. It's just going to be a straight line run right to the mid part of |
| 220 | 00:40:59 --> 00:41:13 | that gap. It doesn't mean that. What I'm saying is 70% of the time from the opening price to 10 o'clock, that level gets hit 70% of time by in and of |
| 221 | 00:41:13 --> 00:41:20 | itself, that right there should have you rock fucking hard. That's Viagra for someone that understands pattern recognition. You need to have something that |
| 222 | 00:41:20 --> 00:41:34 | repeats, right? You need to have something that is okay. This is, this is usually not always, but it's usually likely to pan out if you can have something |
| 223 | 00:41:34 --> 00:41:42 | that offers and affords you the opportunity to have that much frequency. How many times does the market open up every, every week. At 930 how many? How many |
| 224 | 00:41:42 --> 00:41:54 | opportunities do you have with that five? Right? So you have five chances to go in every single day, if we gap higher or if we gap lower. You can do this drill, |
| 225 | 00:41:54 --> 00:42:00 | you can watch it, you can measure it, you can see it. And then what will happen is, in the beginning, you won't see a fair value gap, you won't see a setup. You |
| 226 | 00:42:00 --> 00:42:08 | won't see anything that is promoting you the opportunity to get into the trade. And some of you are just going to say, Well, I'm just going to get in here and |
| 227 | 00:42:08 --> 00:42:15 | sell short, because he said at seven, you didn't listen. You didn't listen. There has to be something else in the chart that's technically supporting the |
| 228 | 00:42:15 --> 00:42:26 | idea that it will drop down there and how to time it. What I'm saying is, is it 70% likely between 930 and 10 o'clock. If we have a gap higher or a premium gap, |
| 229 | 00:42:26 --> 00:42:35 | in this case, it means that we opened higher than where we settled yesterday. The 50% of that gap, 70% of time it's getting tagged, it's going to retreat and |
| 230 | 00:42:35 --> 00:42:46 | reprice back down to it. It can, but you don't need this initially, it can go all the way back down and fill in the gap. Another instance is when you have |
| 231 | 00:42:46 --> 00:43:00 | this measurement like this, and you know where you have the higher gap opening, and then we're in a premium gap. You want to measure where your quadrants are |
| 232 | 00:43:01 --> 00:43:11 | upper and lower. Many times, you'll see it go down and leave a smaller portion of the gap opening, which is really what I love seeing that because if say, for |
| 233 | 00:43:11 --> 00:43:21 | instance, say, say we're bullish, okay, say we're bullish, and we think price is going to go higher, what happens if it doesn't go down here and touch the |
| 234 | 00:43:21 --> 00:43:33 | midpoint of the gap. Does that mean that the market is undecided? Does it mean it's weak? Does it mean it's strong? Does it mean it's really, really bullish? |
| 235 | 00:43:33 --> 00:43:43 | Means it's really, really bullish, because if it can't come back here, because 70% of time probabilities and statistically, you can go back and look and see |
| 236 | 00:43:43 --> 00:43:50 | the data. And don't go back like, you know, two weeks ago, go back, make a make a real project of it, and then make a project of it. Going forward, start |
| 237 | 00:43:50 --> 00:43:58 | keeping records on this information I'm telling you. Really keep the data on it, and you're going to see, wow, there's something there. And then what'll happen |
| 238 | 00:43:58 --> 00:44:10 | is you'll see that the examples I've shown where I've entered in before 10 o'clock, it's using this logic. And then I'll have a runner that would hopefully |
| 239 | 00:44:10 --> 00:44:16 | probe any movement below the midpoint of the gap to see if I can get down to the lower quadrant. And then all of a sudden, you'll see that's where my other |
| 240 | 00:44:16 --> 00:44:24 | partial was taken. And if I get a gap closure, I'm going to be a little bit higher than the full back closure, because it can do what, in a perfect world |
| 241 | 00:44:24 --> 00:44:35 | you want to leave a small portion of it open, because every gap invite the opportunity that it doesn't completely close in or fill in. That's my that's my |
| 242 | 00:44:35 --> 00:44:46 | main focus so far, when I'm in teaching gaps in this 2024 is you don't want to see them completely fill in, because that's rocket fuel. It's literally like |
| 243 | 00:44:46 --> 00:44:55 | pouring gasoline on a fire that's already burning bright. Okay? You throw gasoline on it by not having a gap or inefficiency fully close in, you have |
| 244 | 00:44:55 --> 00:45:05 | supercharged an idea that you may not be able to see it flesh. Out early. Look at it right there. So it's like this. This guy's fucking got a rabbit's foot up |
| 245 | 00:45:05 --> 00:45:18 | his ass. I'm not that kinky now. So we had this one more time. So where we opened down here 70% of the time. Now, if you go around, you look around for |
| 246 | 00:45:18 --> 00:45:27 | everybody's, you know, dollar menu, dollar menu, mentorships. Okay, you're going to get a lot of regurgitated ICT stuff. They're going to try to change the names |
| 247 | 00:45:27 --> 00:45:37 | on things. Now, this is the old high of that volume of bounce. Watch that level as well. That's why it's there. Okay, now, again, for the folks that are asking, |
| 248 | 00:45:37 --> 00:45:44 | what's on your notepad? What do you have in notes that's not on your chart? Because I don't like to have all this stuff on my chart. This is way too busy |
| 249 | 00:45:44 --> 00:45:56 | for me. Okay, this almost looks like, you know, and come on, there we go. There's the top of the blame imbalance. It treated to, okay, so if you didn't |
| 250 | 00:45:56 --> 00:46:04 | want to take a partial at the halfway point of the gap, that could be hitting it right there. Boom. That's your partial because you want to see it get below the |
| 251 | 00:46:04 --> 00:46:16 | opening range, gap path, if that's your model. How many times? Okay, have you heard someone try to teach something? And they'll say, oh, yeah, you got about a |
| 252 | 00:46:16 --> 00:46:25 | 70 some chance. Or you got 85% you got 90% chance. Or you see the scammers online, they'll say, ICT model, 100% win rate, guaranteed. Don't watch that. |
| 253 | 00:46:25 --> 00:46:34 | Okay? Guaranteed. Do not watch that. That's somebody just trying to use my logo and my name for clicks, and they're trying to get someone that's That's stupid, |
| 254 | 00:46:34 --> 00:46:46 | okay? Because nobody has 100% strike rate. I am not standing out here saying I'm 100% strike rate. Okay? I'm telling you that if you can find something that I |
| 255 | 00:46:46 --> 00:46:56 | can prove to you by inviting you to do a free walk forward test, that means now you know the details. You can now walk forward every single day at the opening |
| 256 | 00:46:56 --> 00:47:06 | bell. Did we open? Higher or lower? Where's the halfway that gap. Half of that gap is going to get hit before 10 o'clock, 70% of the time. And that means |
| 257 | 00:47:06 --> 00:47:16 | there's something there that could potentially do. What afford you a drill? Not trade? No, you wanted me to say trade, right? You're not ready for that. You |
| 258 | 00:47:16 --> 00:47:22 | don't. You haven't. Can you just seem to happen here again, like every time I come in here and try to show you something and try to show you something and |
| 259 | 00:47:22 --> 00:47:28 | tell you, this is what's going to happen. This is where it's likely to do it. And I'm saying it does it, but there's no algorithm. There's no algorithm. They |
| 260 | 00:47:28 --> 00:47:41 | change the algorithm. I heard on the street. I got it on good source. Listen, Lina here, I can't say this too loud. People don't hear it. Listen. Listen, they |
| 261 | 00:47:41 --> 00:47:46 | changed the algorithm. Don't tell nobody. We're all fucked. |
| 262 | 00:47:51 --> 00:48:00 | Come on, listen, Okay, listen, I understand the engagements and trying to get people to watch your bullshit. Everything's expensive right now, and nobody |
| 263 | 00:48:00 --> 00:48:08 | wants to buy mentorships because ICT is out here teaching this shit for free. I understand it's a fucking we're in recession, and ICT is recession for all the |
| 264 | 00:48:08 --> 00:48:16 | mentorship guys, I've caused it, and that's okay. I don't give a fuck. Okay, if you hate me because of that, you'll learn to love me. Okay, because I'm not |
| 265 | 00:48:16 --> 00:48:25 | going to stop unless I don't feel well, or my wife says we can't be here to get over live charts, but it's better for you to learn it from the source. Okay, |
| 266 | 00:48:25 --> 00:48:38 | because you're going to see individuals that either sell or have a service, that be a part of a community, some kind of discord, horseshit, some kind of |
| 267 | 00:48:38 --> 00:48:50 | Telegram, horseshit, some kind of, you know, Mickey Mouse bullshit operation, and they're trying to get you to go there and pay them. And my question is, why |
| 268 | 00:48:50 --> 00:49:00 | are they so hard pressed to get you to not watch my stuff? They you don't see them doing it anybody else. It's just my stuff. Because they know if you spend |
| 269 | 00:49:00 --> 00:49:09 | time with me, you're gonna see that they have renamed my stuff with their dumb shit. And they can't even do it if someone that's trying to sell you something, |
| 270 | 00:49:09 --> 00:49:20 | and they say, you know, I've proven it with 50% strike rate. And then they say, SMC is being attacked. It's being targeted. No, it's not. It's literally someone |
| 271 | 00:49:20 --> 00:49:30 | that doesn't know what the fuck they're doing and they're failing at because they don't know every aspect that the author who's talking to you knows. See, |
| 272 | 00:49:30 --> 00:49:36 | there's a big difference there. Big, big difference. And that's this is the time when the conversation is where it sounds like this guy's full of shit. He's a |
| 273 | 00:49:36 --> 00:49:46 | bragger, he's he's arrogant. No, I'm Daddy, okay, and I'm laying down the fucking smack, because I'm tired of getting the same regurgitated questions that |
| 274 | 00:49:46 --> 00:49:56 | these influencer boys that literally cannot do it. If you're selling something, you got a 50% strike rate. You don't fucking deserve anybody's fucking money. |
| 275 | 00:49:56 --> 00:50:07 | You deserve a swift kick in the fucking ass. Get on the road, man. If I stood out here and I told you, this is this is good, and it's gonna be right half the |
| 276 | 00:50:07 --> 00:50:19 | time, how the fuck is that an advantage? You have just the same probabilities, pulling an S, raising out, like, seriously, you have no advantage by going to |
| 277 | 00:50:19 --> 00:50:30 | that source if they're saying half the time they're right, and they can't make the argument saying that that smart money, my my stuff, okay, that it's being |
| 278 | 00:50:30 --> 00:50:41 | targeted. You saw what I did yet. Wait till you see what I did in the afternoon. You have no idea if you're saying that. You have no idea. You don't have enough |
| 279 | 00:50:41 --> 00:50:50 | data to make that, that claim. Okay, you haven't even made it into your 30s yet. Some of you haven't even made it to 26 yet. They're saying that. But yet, you |
| 280 | 00:50:50 --> 00:51:01 | know, you're a mental giant. You've been around the block enough times, and now you don't know shit. We're sitting at the top of the opening range here. Now |
| 281 | 00:51:01 --> 00:51:13 | what we'd like to do is, since we hit half of the gap, it's come down there, and then now we're at the top of the gap, do we have the wherewithal to trade above |
| 282 | 00:51:13 --> 00:51:22 | initial high of the day? And if we do, where can it go? That's what that midpoint of that premium gap on the daily chart is, or the wick of that, sorry, |
| 283 | 00:51:22 --> 00:51:35 | the halfway point of the gap that we outlined as that wick on the daily chart. That's what that level is. If we take out the opening range high again and |
| 284 | 00:51:35 --> 00:51:46 | close, if we close above it, anytime that we go below here, opens the stage to come all that down to a full gap closure. Otherwise, I'm not interested in going |
| 285 | 00:51:46 --> 00:52:01 | short. It would need to do that. So it has to go below here. So it's smart. I'm gonna just make it painfully obvious to you. Okay, the things I'm telling you |
| 286 | 00:52:01 --> 00:52:12 | over live price action. I'm using the lowest latency on the live stream. That means, as soon as I say it, it takes whatever amount of time it's going to take |
| 287 | 00:52:12 --> 00:52:19 | to travel through the servers at YouTube, cross the bandwidth of our internet, all the way around the world to where your computer's going to receive it, or |
| 288 | 00:52:19 --> 00:52:27 | your phone's going to receive it, and then you hear me talk about it. How can I come how can I call it back once I say something? How can I make it come back |
| 289 | 00:52:27 --> 00:52:41 | and you not see it? I can't. So because I'm over a one minute chart, I'm using a very, very low latency. I'm using the lowest settings on live streaming. I can't |
| 290 | 00:52:41 --> 00:52:51 | make it get to you any faster. I'm telling you before it happens when there's only three to four seconds delay, so there's absolutely no bullshit fluff in |
| 291 | 00:52:51 --> 00:53:01 | here. I'm telling you what's going to happen before it happens. What is important, what's not important. If we can discern where the market's likely to |
| 292 | 00:53:01 --> 00:53:11 | go, and we can time it, and we can also build some framework around if it's viable, if it's a good trade. We're going to talk about that next week. That's |
| 293 | 00:53:11 --> 00:53:21 | the main takeaways for next week's focus is, what are problem things in price action that is going to be important to see, but you're not going to match that |
| 294 | 00:53:21 --> 00:53:30 | soon. It won't be a fast like, Oh, I understand, because I watched that part of the the lectures. No, it just, it's going to familiarize yourself with the |
| 295 | 00:53:30 --> 00:53:39 | things that are problematic. So when I'm watching price action, when the market's clean, it's easy, like, up, down, all around, buy, tell, all day long. |
| 296 | 00:53:40 --> 00:53:50 | But when we are in a week like this week, which is what I opened up with on Monday, some of you probably forgot or didn't listen to me when I mentioned that |
| 297 | 00:53:51 --> 00:54:01 | we are in the week with Jackson Hole symposium. So Jackson Hole symposium, let me get this line off here, because this is now that Okay, so that's the opening |
| 298 | 00:54:01 --> 00:54:15 | range low, and then we are trading at 10 o'clock. One more 30 seconds will be at the end of the opening range. So then by that, you know you have the low and |
| 299 | 00:54:15 --> 00:54:23 | whatever the highest high is, that's your opening range for the day. And you want to do quadrants on that and extend that throughout that the entirety of the |
| 300 | 00:54:23 --> 00:54:31 | day. And if you have a macro overlap with that with time, chances are you have a trade, as long as you know what side liquid you're going to aim for. And I just |
| 301 | 00:54:31 --> 00:54:40 | gave you something that I've never taught that anywhere. Okay, so that's algorithmic. Don't take my word it'll be you'll be able to rewind it when you |
| 302 | 00:54:40 --> 00:54:49 | get the recording done. But right now, just pay attention. It's important for you to listen to it twice, because I promise you, if you watch these lectures |
| 303 | 00:54:49 --> 00:54:57 | and you just listen to them one time, you've missed something, and chances are you missed something really important, like I mentioned on Monday, I said |
| 304 | 00:54:57 --> 00:55:06 | Jackson Hole symposium day one was. Wednesday or No, day one is today, and Fridays day two, and then Saturdays day three. We don't give a shit about |
| 305 | 00:55:06 --> 00:55:16 | Saturday, because we're not trading on it, but the week that has Jackson Hole symposium, and the way you determine that is you simply look at the economic |
| 306 | 00:55:16 --> 00:55:28 | calendar, and it's usually one time a year, and the week that it occurs, that full calendar week, I don't know why it does this. Okay. This is something that |
| 307 | 00:55:28 --> 00:55:40 | I've observed over the years, and I kind of prepare myself for it. I mentioned on Monday that this particular week has a tendency to see price have overlapping |
| 308 | 00:55:40 --> 00:55:51 | price swings, which invites what for market profile. It invites the seek and destroy. It invites the likelihood of, if you don't have a partial taken, |
| 309 | 00:55:51 --> 00:56:00 | chances are you can be stopped out and have nothing to show for even with like a 7500 handle run, it can come all the way back against you and then run again in |
| 310 | 00:56:00 --> 00:56:10 | the same direction, or go back and forth and just chop back and forth. But Jackson Hole symposium week always, always, and you need to have this in your |
| 311 | 00:56:10 --> 00:56:18 | journal. And I still am seeing comments like I'm having a real hard time. It's been real messy this week. Can you talk about that I did before the week started |
| 312 | 00:56:18 --> 00:56:26 | trading, I told you that was going to happen. So what I do in my trading? And I kind of, I'll show you an example of it here in a little bit. When I walk |
| 313 | 00:56:26 --> 00:56:32 | through yesterday's tricks, I had a lot of people saying, can you tell me what you were doing there? Why was you trading at that time? It wasn't the aspect of |
| 314 | 00:56:33 --> 00:56:43 | the time of entry, it was what I was seeing that I'll articulate it when I get there. So we went above, and now right below this low we have initial sell side, |
| 315 | 00:56:43 --> 00:56:55 | and buy side is here. So there's inefficiency between the low or the open range, not open range gap. We're inside the opening range gap, which is that blue |
| 316 | 00:56:55 --> 00:57:14 | shaded area, we have sell side here, and inefficiency down to previous settlement. So this is, this is the part that's still open to inefficiency. So |
| 317 | 00:57:14 --> 00:57:26 | this part is the remaining portion that's lacking any buying and selling during the regular hours. It doesn't matter that we traded here in electronic training |
| 318 | 00:57:26 --> 00:57:40 | or pre session. It doesn't matter. Always give the opportunity for the day session, which is 930, to 415, to reprice into this area both sides, since |
| 319 | 00:57:40 --> 00:57:49 | there's no trading between the settlement price and this candle is low. There's no buying and selling booked at all, zero. Now I'm not saying there hasn't been, |
| 320 | 00:57:49 --> 00:57:52 | because clearly, if we go to electronic trading, you can see that we did, |
| 321 | 00:57:56 --> 00:58:07 | we did trade through it. See that. So it's it's lacking. What sell side? Now here's a big, big, big paradigm shift since we passed up through it. Here, it's |
| 322 | 00:58:07 --> 00:58:22 | lacking sell side. So what kind of price delivery, if it wants to go back to the settlement, the settlement price of yesterday, if it goes below this low, what |
| 323 | 00:58:22 --> 00:58:31 | type of price action would you like to see? What would what would be the type of price delivery that you would like to see if it were to go below this low, |
| 324 | 00:58:31 --> 00:58:40 | knowing that we we have absolutely traded to the upside through it, so we offered what buy side it's missing, what sell side. So if it can manage to go |
| 325 | 00:58:40 --> 00:58:51 | below that. Would you expect it to go below it a little bit and then shoot right back up real high? Or would you want to see it go below it and drift real slow |
| 326 | 00:58:51 --> 00:59:01 | and lethargic down to the previous settlement price? Or would you expect it to be boom, one or two candles and get down to the previous settlement price? I |
| 327 | 00:59:01 --> 00:59:15 | would expect it to be quick and sudden to fill the gap so it it provides a means of classification on how price should deliver, not debt. This is where it could |
| 328 | 00:59:15 --> 00:59:24 | go. Well, that's that's one part of it. That's one part of the equation. But then you have to have elements of time, not calendar or or clock time, but |
| 329 | 00:59:24 --> 00:59:37 | speed. How fast should a price run? How should a price run deliver? Should it be sudden, real quick, or should it be lethargic and choppy and back and forth, |
| 330 | 00:59:37 --> 00:59:47 | lots of retracements, or is it trying to get down there real quick. Now I would expect, if it were to show you below that low, to do it quickly and what else is |
| 331 | 00:59:47 --> 00:59:59 | inside that area that's today's New Day opening gap. So we have a new day opening gap towards the low of the opening range gap and the remaining portion |
| 332 | 00:59:59 --> 01:00:11 | here. So we have to watch this low. What happens if it does this? Say it trades down below and starts to come back up a little bit. What is it doing? Well, it |
| 333 | 01:00:11 --> 01:00:23 | could be taking this wick right here, finding the midpoint of it, hit that and then expand lower, quickly, a quickie. Quickie. Quicker, like sudden, like a |
| 334 | 01:00:23 --> 01:00:36 | sudden rush to get down there. Okay, so all of these things are very hard for me to articulate in chapters in a book, because there's so many instances where, if |
| 335 | 01:00:36 --> 01:00:45 | I said that and I tried it, I typed it out, I looked at I've asked, you know, my friends say, Look, when you read this, what do you get from that? He goes, I |
| 336 | 01:00:45 --> 01:00:55 | don't know what it means. I was like, okay, so I have to do certain things in the live, like, like these things here, like in video. Whether I was doing this |
| 337 | 01:00:55 --> 01:01:07 | mentorship or not, I was going to be putting videos out to help support the the trilogy of these books I'm getting ready to give the community here the but |
| 338 | 01:01:07 --> 01:01:17 | there's some things that have to be communicated by a live medium where you can see it. It's not something that's like stilted like, here's a static chart. |
| 339 | 01:01:17 --> 01:01:29 | Here's a static depiction of what this thing looks like after it's panned out. That to me, I had a hard time learning that way, and I had no problems buying |
| 340 | 01:01:29 --> 01:01:41 | new books all the time. It just didn't really communicate it well. So when we sit over price action, a lot of you may not like how I'm teaching, but this is |
| 341 | 01:01:41 --> 01:01:48 | going to make much more sense to you when you start doing your own back testing and you have the notes of me talking about what it is that's important, what |
| 342 | 01:01:48 --> 01:02:00 | characteristics price should show and what should it not show. By having that that like that foundation behind you, it supports, not just simply, the concept, |
| 343 | 01:02:00 --> 01:02:08 | but it supports the questions or concerns you'll have when you're watching it or trying to backtest that. You'll think to yourself, yeah, but what about and then |
| 344 | 01:02:08 --> 01:02:18 | you'll think, Oh, yeah. The note said that if it does this, this is what usually should happen. So if you have a question that comes to mind, and then you see |
| 345 | 01:02:18 --> 01:02:27 | that you've taken notes, and I've suggested to you that this is how it should book. This is how it should behave. These are things that you don't want to see |
| 346 | 01:02:27 --> 01:02:34 | happen, and these are the things that are supporting the idea. And as long as those things are there and they're supporting it, that means that you will grow |
| 347 | 01:02:34 --> 01:02:44 | confident that you have at least gone into that exercise, that drill, that back testing with the right mindset, and you're not trying to just go in and rush to |
| 348 | 01:02:44 --> 01:02:51 | get the trading, because rushing to get to trading, whether it's with a funded account challenge or with a funded account you got lucky to get there, or if |
| 349 | 01:02:51 --> 01:03:02 | it's real money, you're not trading with the insight and understanding that you should have if you do it correctly, and you can Do it correctly and not take a |
| 350 | 01:03:02 --> 01:03:11 | lot of time, but you're always going to do farther in terms of the learning curve needing to be longer for you if you rush, it's an oxymoron. Really. You |
| 351 | 01:03:11 --> 01:03:20 | think you're saving yourself the the time, but you're only increasing there it is again, one one more time. How many times? Man, |
| 352 | 01:03:20 --> 01:03:25 | Unknown: how many times you going to keep getting away with it? Damn it. ICT. |
| 353 | 01:03:28 --> 01:03:36 | ICT: Oh, I love it. Yes, smoking yet, they changed the algorithm. You hear that they changed the algorithm and Smart Money traps, that's the thing. Now, that's |
| 354 | 01:03:36 --> 01:03:50 | the that's the buzzwords, Smart Money traps. Get the fuck out of here. You fucking love me. You know you love me. You say you hate me online, you leave |
| 355 | 01:03:50 --> 01:04:06 | shit in the comment section other people, but you love me. You love me. I know you do. So anyway, we have moved to the midpoint or consequent encroachment of |
| 356 | 01:04:06 --> 01:04:20 | that daily volume imbalance. That's that shaded area here. Okay, so I want you to think about how you have been given and I'm not done yet. I'm not done yet. |
| 357 | 01:04:20 --> 01:04:29 | Okay, because we got a review yesterday, and show you what, what you didn't understand. Show you some further proof that takes change the algorithm and |
| 358 | 01:04:29 --> 01:04:38 | they're targeting my concepts. They're not fucking targeting shit you all that don't know how to use them properly. You're falling victim to ignorance. Is what |
| 359 | 01:04:38 --> 01:04:49 | that is. It's no different than if you looked at a down closed candle and call that a demand zone, and you think that every down closed candle is a demand |
| 360 | 01:04:49 --> 01:04:58 | zone, and that's why people foolishly look at my stuff and they see, oh, it's a supply and demand. No, it ain't. Oh no, it's not. I got this. Go through the |
| 361 | 01:04:58 --> 01:05:09 | lodging study it you. It, and it's not anything like it. You're looking at something because you want to be real quick so you can go out and talk talk. But |
| 362 | 01:05:09 --> 01:05:17 | you can't walk the walk. If you're coming out there with 50% strike rate and then coming away with, oh, well, it used to be. You can make lots of money |
| 363 | 01:05:17 --> 01:05:31 | trading with 200 R trades. They never took a 200 R trade. That was the biggest bunch of bullshit. 200 R, 150 r1, 100 R, 80 R, 50 R, everybody. What the fuck |
| 364 | 01:05:31 --> 01:05:38 | anybody with rudimentary math skills would know that if you're able to do that, here's here's the math ready in six and a half months, you're a fucking |
| 365 | 01:05:38 --> 01:05:47 | billionaire, a billionaire, but you're selling fucking Mickey Mouse mentorships. Get the fuck out of here. But they're, they're they're jumping on the bandwagon |
| 366 | 01:05:47 --> 01:05:55 | because there's a lot of people out there impatient. They think it's easy. They think the person that's gonna sell these things to them is gonna make it easy |
| 367 | 01:05:55 --> 01:06:04 | and fast, and all they gotta do is watch their bullshit, read their PDF, and they themselves, have never done that shit. They're trying to sell. They've |
| 368 | 01:06:04 --> 01:06:11 | never made a 200 hour fucking trade. They've never done that. They've never outlined it and fucking executed it where you fucking saw it. It didn't happen. |
| 369 | 01:06:12 --> 01:06:25 | It did not fucking happen. But I'm out here telling you every micro fluctuation, every micro fluctuation, why it should, and giving you the data points that way |
| 370 | 01:06:25 --> 01:06:35 | you can go forward, watch it going forward, and there's gonna be opening bell tomorrow, next week. You got five more chances to do it again. You'll know right |
| 371 | 01:06:35 --> 01:06:45 | away. If what I said just today holds water, it doesn't think, who are you going to believe? I'm not here to try to defend myself today. I don't need to defend |
| 372 | 01:06:45 --> 01:06:55 | myself. All I could do is look at what I'm doing. Look what I already taught. Look at my students. Look at who they're attacking. That's all you have to do is |
| 373 | 01:06:55 --> 01:07:03 | see who's attacking. If ICT is in the title, or if my logo's in their thumbnail, chances are, either they're a student and then and they're going through the |
| 374 | 01:07:03 --> 01:07:10 | process of learning how to do it themselves, or they're going to sell you something, they're going to sell you something, it's going to be an affiliate |
| 375 | 01:07:10 --> 01:07:19 | link. Use my affiliate link so I can make some fucking money because I'm broke as shit, and I can't fucking make money trading, hello, and then you have their |
| 376 | 01:07:19 --> 01:07:33 | own mentorships. Really. I don't know about you, okay, I understand the value of $1 even though I don't really care too much about price tags. I have a value on |
| 377 | 01:07:33 --> 01:07:45 | money. I it holds a special interest to me. I don't love it, but I have an affinity for it. I sure as fuck am not gonna go and sign up to somebody's |
| 378 | 01:07:45 --> 01:07:53 | mentorship where they talk like me. How do you know that they've gone through my mentorship, whether it was leaked or they paid for it? How do you know they're |
| 379 | 01:07:53 --> 01:08:00 | gonna say this, this right here is mitigated, mitigated, mitigated, mitigated. What the fuck mitigated? None of you even know what the fuck you're talking |
| 380 | 01:08:00 --> 01:08:10 | about when you're talking about mitigation. But every single Tom Dick and Harry mentor out there uses that word so much and they don't even know what the fuck |
| 381 | 01:08:10 --> 01:08:17 | they're saying. They have no idea what they're saying. They think when, when the market returns back to an order block, it's mitigating. That's not fucking |
| 382 | 01:08:17 --> 01:08:28 | mitigation. That's not mitigation. What the fuck it's redelivery, okay, so that is what you're supposed to be saying. If you knew what the fuck you're doing, |
| 383 | 01:08:28 --> 01:08:40 | you wouldn't be calling it they're mitigating. This order block every fucking Tom Dick and Harry mentor says it wrong. You are all fucking wrong. All of you |
| 384 | 01:08:40 --> 01:08:55 | are fucking wrong. You got it now. So if they're going to go through the the pantomime of pretending they know how to do it themselves, Well, don't I? I'm |
| 385 | 01:08:55 --> 01:09:03 | going to teach you better, I'm going to teach you faster, I'm going to shorten it, I'm going to simplify it for you. And they're using my vocabulary |
| 386 | 01:09:03 --> 01:09:13 | incorrectly. That right there disqualifies them, because they have no idea what the fuck you're doing, no idea. Then add to it. The author is sitting here every |
| 387 | 01:09:13 --> 01:09:26 | single day explaining it the right way, because Caleb is the receipt, recipient of it. Now we trade up to the bottom of the open range gap as the open range gap |
| 388 | 01:09:26 --> 01:09:38 | below. Take that off there. We don't need that. So let me take a pause for a second. We're probably going to go to like 1045 today. Okay, so just give me a |
| 389 | 01:09:38 --> 01:09:45 | little bit extra time. I know you're probably not complaining, but we were supposed to be done by 1030 but I'm going to need a little bit of time to get |
| 390 | 01:09:45 --> 01:09:54 | into yesterday's discussion, but I want to cover what I did here and teaching and guiding you what to expect and how to use the opening range, opening range |
| 391 | 01:09:55 --> 01:10:09 | gap, if you remember, I gave you the lay of the land for the daily chart. It without me saying anything. What do you see in price action, what was offered as |
| 392 | 01:10:09 --> 01:10:27 | a premium array? Where did price repel from and move lower, and where did it go? I ICT, you're scared. You're afraid to take a trade. You always do executions. |
| 393 | 01:10:27 --> 01:10:36 | You always do executions and recorded videos. And it's always the Indians. They're all from India. All of you guys must have, like, a big powwow together, |
| 394 | 01:10:36 --> 01:10:45 | okay? And like, let's all go on ICTs comment section and say this about him, because then he'll probably start doing and we can copy him. I'm not going to do |
| 395 | 01:10:45 --> 01:10:51 | that for you. You're going to see me do executions in this mentorship, but I'm not going to do as a steady diet. I don't need to do that. Okay? |
| 396 | 01:10:56 --> 01:11:07 | That level, right there, the 20,001 level. Do you remember what that was, that's the rejection block. Okay? If you go through the core content lessons in the |
| 397 | 01:11:07 --> 01:11:23 | 2016 2017 mentorship, okay, I started that paid mentorship, technically August of 2016 and I believe I introduced the rejection block in the 2016 portion of |
| 398 | 01:11:23 --> 01:11:33 | the lectures. But I don't recall exactly what lesson it was, but I believe, I think it's month month four. So you can look at month four, 2016 mentorship. |
| 399 | 01:11:34 --> 01:11:43 | It's on a core content playlist on the YouTube channel for free. Go to the lesson. It's talking about rejection block. Okay, and I have this little line |
| 400 | 01:11:43 --> 01:11:54 | here. I explained to you why it was there. And also you understand that a rejection block can be used as a reversal pattern. That means, if we have a high |
| 401 | 01:11:54 --> 01:12:06 | here, and we're expecting prices to do what, gravitate where, well, we have an opening range gap. So if it can trade to fill the gap, we're making attempt to |
| 402 | 01:12:06 --> 01:12:20 | do so, and we're up here, where should the price draw to down? Okay, wonderful. Where can it turn to start going down? Well, you have to know your PD arrays |
| 403 | 01:12:21 --> 01:12:30 | initial high. That's the opening range high. If it goes above that and spikes through it, which it could have done before it even did all this over here, it |
| 404 | 01:12:30 --> 01:12:39 | could have went up there and hit that wick of the high on the daily chart. Go back and look at how I walked you through the daily chart. It never changed |
| 405 | 01:12:39 --> 01:12:49 | there. So because it failed to get there on this initial run, here's the opening bell. Runs up next candle slightly higher and starts going back down. Where is |
| 406 | 01:12:49 --> 01:13:00 | it going back below the rejection block, right there on the daily chart. That's the highest up close in that price swing on the daily chart, we fail to get to |
| 407 | 01:13:00 --> 01:13:14 | consequent encroachment of that wick. Is that bullish or bearish? When we have an opening gap, that's a premium. In other words, we had all this. My mature |
| 408 | 01:13:14 --> 01:13:21 | students have been with me a lot more time. Their gears are turning right now. They're like, what the hell this is amazing. I know it gets better, but this |
| 409 | 01:13:21 --> 01:13:30 | opening and rally up and then going right back down below the low and below that rejection block, we couldn't get to the consequent encroachment of that wick. |
| 410 | 01:13:30 --> 01:13:42 | Well, that, that's Intel that's that's giving you what I can't even reach up here for your ICT. So start looking lower. Okay. Well, let's wait for the market |
| 411 | 01:13:42 --> 01:13:56 | to do what give us the mid gap. It does that. There goes the whole 70% of the time. It was one more time, giving you the proof of it in this leg here, and it |
| 412 | 01:13:56 --> 01:14:07 | starts to rally back up. It goes right above the rejection block. Go back and look at the lecture lessons. Listen to what I'm teaching there. This, this right |
| 413 | 01:14:07 --> 01:14:20 | here, that is a turtle soup. But you don't find that shit on Twitter. Do you Romeo? Oh, Romeo, tell me some bullshit. Tell me, of course, come on, Turtle |
| 414 | 01:14:20 --> 01:14:34 | suit me. Come on, Romeo, you've been waiting for your fucking name. It's coming up today. My the ass is on fire. Burn your ass so rejection block it goes above |
| 415 | 01:14:34 --> 01:14:51 | it just enough to reject sends it lower, but there's no algorithm now for a sell side right below the initial low. That low also is just a little bounce off of |
| 416 | 01:14:51 --> 01:15:00 | the old volume, and bounce this ain't supporting resistance, and it ain't supplying demand. An Elliott Wave ain't catching this wave. He's. Still on the |
| 417 | 01:15:00 --> 01:15:13 | beach waiting. This is not harmonic. It's not like off, it's good old ICT. So the sell side below here is going to draw to that that right there from |
| 418 | 01:15:13 --> 01:15:26 | rejection block to sell side. That may be your trade setup, that might be your cup of tea. That may be your magic bullet. I didn't say silver bullet. I said |
| 419 | 01:15:26 --> 01:15:41 | Magic Bullet because they can, they can, they can form any time, throughout the day, all day long. If you go through all this price action, okay, go through it. |
| 420 | 01:15:41 --> 01:15:54 | What do you see? What do you see? What do you see? What do you see? What do you see? Oh, what is this? Oh, look at that. That right there. That is the very |
| 421 | 01:15:54 --> 01:16:12 | first fair value guy. Let's walk you through it now. Now for some of you jokers that are here just for talking points to go in your circle, jerks on Discord or |
| 422 | 01:16:12 --> 01:16:22 | telegram or wherever you hang out in Facebook groups, yeah, remember that time and I see said this, I was watching, I forgot whose live stream it was, but I |
| 423 | 01:16:22 --> 01:16:32 | always watching the I usually mute Patrick wheeling because he's really not saying anything important. I'm watching his chat and one of his jokers, and |
| 424 | 01:16:32 --> 01:16:40 | they're saying, Yeah, fun fact, ICT was bullish at the high. Actually, no, I wasn't. I was calling every individual level, and then when it turned you would |
| 425 | 01:16:40 --> 01:16:51 | have had multiple partials anyway, and then I was already calling the lower one. So forget about all that. But folks will say he's pointing at a fair value gap, |
| 426 | 01:16:51 --> 01:17:00 | and because price may go up to it or trade down to it, they think there's going to be an immediate response, because they don't understand there's an inversion |
| 427 | 01:17:00 --> 01:17:11 | aspect to a fee, a fair value gap. If we look at this, and some of you that are signing on to it right now, you're like, Oh, this guy's talking hindsight, |
| 428 | 01:17:11 --> 01:17:22 | again, you weren't here when we're walking through it. I said the very first fair value gap that forms between 930 and 10 during the opening range, because |
| 429 | 01:17:22 --> 01:17:34 | there is no 15 minute opening range. Okay, I don't care that you pay $200 for a course that is absolute horseshit. This is your very first scare bag gap that |
| 430 | 01:17:34 --> 01:17:47 | actually runs up into a rejection block with an opening range that has not completely closed in. We did get the halfway of the gap delivered, offering what |
| 431 | 01:17:47 --> 01:17:59 | opportunity to see if it can retrace and go lower, if we go above, if we go above, is there? If and then statements, okay, computer programmers, if you ever |
| 432 | 01:17:59 --> 01:18:10 | study computer programming makes perfect sense. It provides you logic where you have a recipe that's an algorithm, algorithmic thought processes. If this, then |
| 433 | 01:18:10 --> 01:18:22 | that, if this, then that, or or else, they're all programming statements. Okay, and when we were trading here. So, okay, we're at the top of the opening range |
| 434 | 01:18:22 --> 01:18:37 | gap. Once it trades above, it forces, if we trade below here, it will be a full, full gap closure. So you're watching price here. Think now watch the lot. Go |
| 435 | 01:18:37 --> 01:18:45 | back and listen to it when you can watch the recording, rewind it and play this part over and over and over again. First fair value gap form. There is no other |
| 436 | 01:18:45 --> 01:18:58 | fair value gap in here. There is no fair value gap in here. That one is it. Now, if that's your fair value gap, and we went back below the opening range gap |
| 437 | 01:18:58 --> 01:19:10 | high, soon as we do that, that is indicative of what seeking that where the sell side is, and if it's going to go there, it's going to be a full gap closure. If |
| 438 | 01:19:10 --> 01:19:21 | I was short, I would take partials just above the full gap closure. Why? Because sometimes the gap won't fully close, and then you can see it run and take out |
| 439 | 01:19:21 --> 01:19:30 | the relative equal highs. There's logic there, there's rules there, there's guidance. Kimmel, okay, there's guidance here. There's rules, there's step by |
| 440 | 01:19:30 --> 01:19:41 | step processes, there's if then else or statements. All these things have to be there, just because I'm calling out a fair value gap on Twitter spaces and price |
| 441 | 01:19:41 --> 01:19:54 | does this? Oh, it failed because they're an idiot. If it goes back into the range, it's going to go here. If it's going to go here, it's going to be a gap |
| 442 | 01:19:54 --> 01:20:06 | closure event. So how will we use that fair value gap, if that narrative. And logic is in play. Wait for to trade down below it, then trade back up into it. |
| 443 | 01:20:07 --> 01:20:15 | Then what was I walking you through? How would you want to see price deliver if it takes out that low? Was I talking about that fucking high going up higher? |
| 444 | 01:20:15 --> 01:20:31 | No, no. How do you want to see price trade below that low. Remember, I told you I was gonna be asking you questions. I want you to determine today, today, is |
| 445 | 01:20:31 --> 01:20:45 | there an algorithm or is there not an algorithm? Am I pulling shit out of my ass that's has no point in matching it up with price action before it happens. Is |
| 446 | 01:20:45 --> 01:20:50 | there logic that's repeating? Are these statements in these PD arrays |
| 447 | 01:20:51 --> 01:20:59 | holding water? Is there, is it validity behind it? Or is it just, I don't know what I'm I don't know what I'm doing. I'm looking for it to go higher, but it's |
| 448 | 01:20:59 --> 01:21:07 | dropping lower, where I'm looking for it to go lower and it's going higher. Am I? Are you really seeing that? Because I don't believe that's the case. I gave |
| 449 | 01:21:07 --> 01:21:22 | you this low when we were in here. Do we want to see it trade slowly? Do we want to see it go below that low and retrace go higher? Or do we want to see it trade |
| 450 | 01:21:22 --> 01:21:35 | below it and then accelerate down, move quickly, and a few candles going down. And I said, if it goes below that low, the style and the characteristic of that |
| 451 | 01:21:35 --> 01:21:44 | delivery should be sudden. It should be quick. I don't know. Does that look like it's sudden and quick on your chart now, look at my chart. Look at your chart. |
| 452 | 01:21:44 --> 01:21:51 | Even the lay people should be looking at that now, and you should be able to see it right about now are about to be forming. Caleb's probably watching that form |
| 453 | 01:21:51 --> 01:22:00 | now, or just film it had just formed. But all of you that have been watching the stream, you had the benefit of watching Real Time with four second delay. What |
| 454 | 01:22:00 --> 01:22:12 | price was doing. Did you hear me waffle? Did you hear me when they was dropping down? And did you hear me even get excited or hit a climax? Fuck? Now my toes |
| 455 | 01:22:12 --> 01:22:21 | didn't even curl up. This is old shit to me. It's old, but some of you are all you're moist and wet now, because you see this stuff working every single day in |
| 456 | 01:22:21 --> 01:22:31 | my hands in front of you, but you're not going to get to this level fast, and no one's going to get you there fast. Okay, no one they can't do this, because if |
| 457 | 01:22:31 --> 01:22:42 | they could, they would do this. They want to help you. They will come out on YouTube and give their logic and their insights away for free, but they're |
| 458 | 01:22:42 --> 01:22:48 | selling you a mentorship, they're selling you a seat in a discord. They're selling you something so they can pay their fucking bills. Because they cannot |
| 459 | 01:22:48 --> 01:23:01 | do this shit in the real market. They can't do it if the logic doesn't hold up with me walking you through it one candlestick at a time. Not Albrook style, ICT |
| 460 | 01:23:01 --> 01:23:14 | style, okay, I got nothing against that old guy, but this is not his shit. It's not his. And you can keep lining up everybody else keep doing it, because |
| 461 | 01:23:14 --> 01:23:21 | eventually it causes a buzz. And the people that watch these individuals, they come in and start watching my stuff and like, wow, this is some shit. He's a |
| 462 | 01:23:21 --> 01:23:29 | little bit of a callous person. I don't like his language. Sometimes he's a little bit arrogant, but wow, this shit really works good. That's really what |
| 463 | 01:23:29 --> 01:23:42 | the point is. I'm not here for friends, but you're seeing elements that prove to you they are not changing any fucking algorithm. There is no Smart Money traps. |
| 464 | 01:23:42 --> 01:23:52 | I literally walked you through it. I walked you through this this morning. Where's the first fair value gap there? Well, what do you do with the ICT? Oh, |
| 465 | 01:23:52 --> 01:23:59 | if it's above it, it's coming down. I'm gonna buy it. Well, and you don't know what you're talking about. And that's I've seen that. I've seen other live |
| 466 | 01:23:59 --> 01:24:07 | streamers that are supporting the things that I do, and they're trying to implement the stuff, but you don't know the logic. I was in a young man's |
| 467 | 01:24:07 --> 01:24:16 | livestream the other day. I subscribed just long enough to be able to comment. He put a trade on it. Had no logic behind it. It was little too premature. And I |
| 468 | 01:24:16 --> 01:24:27 | asked this, why there? And he went through the explanation. I told him. I said, you annotate your breaker. He annotated the wrong one. And I didn't want to say |
| 469 | 01:24:27 --> 01:24:37 | anything, because it would have been rude. But I went back in and I did a trade after leaving his stream using the breaker that he should have been using. And |
| 470 | 01:24:37 --> 01:24:50 | it was just like but the trade I did yesterday. I mentioned this many times in Twitter spaces, and I mentioned it at nauseum throughout mentorship, when people |
| 471 | 01:24:50 --> 01:24:59 | were paying me to learn all this stuff here, these are not new PD arrays. They're the same PD arrays that I released and taught in month four of the 2006 |
| 472 | 01:25:00 --> 01:25:11 | 16 mentorship, 2016 2017 is all one mentorship. It was a 12 month mentorship, and I started it in September. I technically started teaching in August. Then in |
| 473 | 01:25:12 --> 01:25:21 | September, it became structured. So I did that was considered like month one content in 2016 and then month two was October, 2016 it was eight lessons, and |
| 474 | 01:25:21 --> 01:25:27 | then every single day I was live streaming, and I was doing these types of things, and because individuals were hoping it was going to be me calling |
| 475 | 01:25:27 --> 01:25:35 | trades, getting a stop place for them. Here's my targets, and they wouldn't I made them sign an agreement digitally through Adobe sign, knowing that it wasn't |
| 476 | 01:25:35 --> 01:25:43 | a signal service, that we would be using a paper trading account as the medium, so that way, it's not investment advice. I was protected, and I made them sign |
| 477 | 01:25:43 --> 01:25:49 | over indemnity. That means that there was nothing they could do to sue me, because everything they were doing was simply just me giving an opinion about |
| 478 | 01:25:49 --> 01:25:57 | price action. It's not investment advice. They signed that, and they couldn't be a part of it unless they did that and they reaffirmed every single month they |
| 479 | 01:25:57 --> 01:26:04 | made a payment to me, they set it in a note, and if they didn't send that note with their payment, I refunded their payments until they sent it, or they just |
| 480 | 01:26:04 --> 01:26:20 | didn't continue. So every student that stayed with me has never came forward and said, ICT could not call these markets accurately. It's the opposite, and that |
| 481 | 01:26:20 --> 01:26:28 | many of them still couldn't accept the fact that what I was giving them was the foundation of how they are going to learn how to do this. I can talk to you. I |
| 482 | 01:26:28 --> 01:26:36 | could sit out here and do trades, but that's not teaching you how to do it. You won't. You won't take every trade that I traded in front of you anyway, because |
| 483 | 01:26:36 --> 01:26:43 | some of you want to see it fail seven you say, Look at this guy. I'm glad I didn't take his trade. I'm glad I didn't do I faded him. You know, you'll hear |
| 484 | 01:26:43 --> 01:26:55 | that shit. Oh, I took the opposite trade. You will show us record that you faded me. Record that show us why you were thinking that Mr. Goldbach, this bullshit |
| 485 | 01:26:55 --> 01:27:05 | gold box stuff. I want to see the people live stream with it. Don't make a pre recorded video and say, Well, this is, you know, I went against ICT. That's kind |
| 486 | 01:27:05 --> 01:27:13 | of like low brow trolling. Be a high brow troller. Okay, top tier trolling would be. I'm going to go out here and live stream, and I'm going to say what I think |
| 487 | 01:27:13 --> 01:27:21 | is going to happen with the logic. That's not my stuff, some other stuff. It could be something else. I'd love to watch it. I can take a good ribbing. I have |
| 488 | 01:27:21 --> 01:27:27 | a I have a sense of humor, whether you realize it or not, I really do have a sense of humor. I don't have thin skin. I can take a good ribbing, because |
| 489 | 01:27:27 --> 01:27:34 | nothing anybody else is going to say about me is going to change what I already know, what I've already proven and I placed it in other people's hands, and |
| 490 | 01:27:34 --> 01:27:45 | you're learning how to do it. You're learning how to do it. And here's the city high so we traveled all the way down to the lower quadrant with the bodies of |
| 491 | 01:27:45 --> 01:27:56 | that old should have been thrown away, if you listen to everybody else, volume and balance, let's go back out just for a moment. Yeah, I'm probably going to |
| 492 | 01:27:56 --> 01:28:06 | need till 11 o'clock today. The honestly, I don't know how long we're gonna go today, but I have to get it off my chest today. I knew it. I love it. Let's keep |
| 493 | 01:28:06 --> 01:28:12 | trolling him. He makes longer videos and teaches more. You're going you're falling into my trap. That's not, that's not your trap. That's my trap. I'm |
| 494 | 01:28:12 --> 01:28:24 | looking for any excuse to get out here and talk for a long, long time. All right, so if we toggle this back, you can see that's the volume imbalance. And |
| 495 | 01:28:24 --> 01:28:35 | if we anchor a fib to that, you always want to do this on the timeframe that imbalances are forming. So then we have one with our quadrants, and I'm going to |
| 496 | 01:28:35 --> 01:28:43 | take that extension stuff off, because I think that was me measuring that wicked. Yeah, that's okay, so we'll take that off there. We don't need that now |
| 497 | 01:28:44 --> 01:28:55 | the midpoint or consequent approachment and the lower quadrant and upper quadrant is now toggled. This candles low right here, the down closed one with |
| 498 | 01:28:55 --> 01:29:08 | the long discount wick that right there, that low is the high of this city? All this one single candle to that. So in other words, you would see it like this, |
| 499 | 01:29:08 --> 01:29:19 | labeled, if I was showing to you with a naked chart, nothing else annotated. It would be me highlighting that this area here, and it would look like this, okay? |
| 500 | 01:29:19 --> 01:29:28 | And I would just extend it over so we're seeing that the high of that. So since price is above it, and we're coming back down, that old array is what kind of |
| 501 | 01:29:28 --> 01:29:38 | array it's discount, price is going to draw to it. It can draw to it. It control. Draw down to it, go through it, come back up and treat it as, what a |
| 502 | 01:29:38 --> 01:29:49 | premium array. That's how you work through the pdra matrix that I teach in month four content on this YouTube channel in paid mentorship level teachings that |
| 503 | 01:29:49 --> 01:29:57 | I've given to you for free. And there's jokers out there selling them, and you're stupid when you pay for them, because I've gifted it to the community. |
| 504 | 01:29:57 --> 01:30:08 | It's for free, right on this YouTube channel, you. I got folks that are asking me, which mentorship should I do, and is one mentorship better than the other? |
| 505 | 01:30:08 --> 01:30:17 | You're going to have to go through all of them to get the full panoramic view. But any, any starting point, anywhere you start, just get started. But if I'm |
| 506 | 01:30:17 --> 01:30:27 | going to be doing this live right now, over real time price action. It's, in my opinion, that that would be the easiest litmus test. Is there any value? Because |
| 507 | 01:30:27 --> 01:30:35 | if I'm not here live and I'm explaining something and it isn't working, or it's doing completely opposite to it, or wait a way, you've saved yourself a great |
| 508 | 01:30:35 --> 01:30:36 | deal of time, right? |
| 509 | 01:30:38 --> 01:30:48 | Try doing that with your mentors. Have them go out there and spend hours every single day for free, giving you the invitation to say if there's any real value |
| 510 | 01:30:48 --> 01:30:56 | to it, because if there's no value, you can quickly save yourself time, energy and heartache you want to spend any more time. You'll never have to pay any |
| 511 | 01:30:56 --> 01:31:07 | money for it, and you go about your business and whatever, and anybody has an opinion that's contrary to me, then you can join their club. So one minute |
| 512 | 01:31:07 --> 01:31:22 | chart, and here we have the quadrants, okay and disregard, I know it's hard to do it, but disregard this new day opening gap for a moment. Kind of ignore it |
| 513 | 01:31:22 --> 01:31:32 | being there. We have the high of that shaded volume imbalance on the daily chart. This is the upper quadrant to it. Midpoint is this. There's consequent |
| 514 | 01:31:32 --> 01:31:42 | quadrants red, and you have the lower quadrant level, and you have the low of it. We traded down. We created the fair value gap right there. And just above a |
| 515 | 01:31:42 --> 01:31:50 | new day opening gap for today. So what does that mean? When we're down here, we can go above it, how far fill in the fair value gap? I like that because it's |
| 516 | 01:31:50 --> 01:32:00 | laying right on top of the upper quadrant. So are we, are we looking at just a closing of a fair value gap? No. Are we looking for the market to trade right to |
| 517 | 01:32:00 --> 01:32:07 | the new day opening gap and just turn around like that, because that's what some people have assumed. And they say, oh, New Day opening gaps are trash. They go |
| 518 | 01:32:07 --> 01:32:15 | through them all the time. Again. That's the same logic that's going to be held by someone that puts a fucking YouTube video out and says, This is why you |
| 519 | 01:32:15 --> 01:32:32 | should not be trying to use SMC anymore, because it's being targeted. Listen. If they have something to say about me personally or about my content, all they |
| 520 | 01:32:32 --> 01:32:41 | have to do is step forward and show what works and how this doesn't work. I'm open for it. I'm out here live stream. I'm not going to stop live stream because |
| 521 | 01:32:41 --> 01:32:49 | somebody or some other number of people come and say, This is why ICT is wrong, and they start doing something I would fucking love that. I want to have a Mount |
| 522 | 01:32:49 --> 01:33:02 | Carmel experience. Come on. Bring me your shit. Bail. I want to see it, because I have everything to smoke. All of you. I'll call down fire. Come on. I know |
| 523 | 01:33:02 --> 01:33:09 | he'll listen to me, but you're too afraid to come out here and put your stuff out there to the test. You won't do it. You won't do it because you'll have |
| 524 | 01:33:09 --> 01:33:16 | things that don't work. You'll say, Well, you know, that's the way, because price is random. It ain't random. I've already proven enough that it ain't |
| 525 | 01:33:16 --> 01:33:25 | random. So if we have this fair value gap in a new day opening gap, we know that it can sweep above it. It need not just trade to it and drop, drop down. No, |
| 526 | 01:33:25 --> 01:33:33 | it's not how it works. Where's the inefficiency, right there? Do we have something in agreement with it? Just not buy a fair value gap alone. What else |
| 527 | 01:33:33 --> 01:33:47 | is in close proximity to it? Inside that volume imbalance, that shaded area, the upper quadrant levels, there was a trade to boom. And then what does it do? Low, |
| 528 | 01:33:47 --> 01:34:01 | low, low, higher than that low. So what's below that? Cell side? Pair bag got closed? Yes, bodies nowhere near closing on them on that level, and where does |
| 529 | 01:34:01 --> 01:34:22 | it go? Down? Sell side. That might be your trade. That might be your silver bullet. Think about it. Roll it back. Let's say you saw this gap, and let's say |
| 530 | 01:34:22 --> 01:34:28 | you bought it because you're you're trying to figure out how to do this though, okay, you're tape reading. You're not buying it, per se, because you're trying |
| 531 | 01:34:28 --> 01:34:37 | to get a feel for what it is you're supposed to be doing. You're discovering your model. Let's say, and say, you say, Okay, I'm going to try to buy this. And |
| 532 | 01:34:37 --> 01:34:45 | then it goes down and stops you out. Wonderful. That's a wonderful opportunity, because then, because of the rules that this gave you, you know that we have a |
| 533 | 01:34:45 --> 01:34:52 | real strong chance that we're going to take this low out, and if it does, then we have even higher probability than the 70% that when we got higher at the open |
| 534 | 01:34:52 --> 01:35:02 | that the midpoint gap will be traded to between 930 and 10 o'clock. If it takes out that low, we have a 80% Percent chance that it's going to have a three |
| 535 | 01:35:02 --> 01:35:11 | quarter closure on the opening gap, opening range, guys, that means we're about and written here. So if it takes that low out, we can have that much of a range. |
| 536 | 01:35:11 --> 01:35:18 | So what happens when we start to rally back up and we see that inversion fair value gap? You already see it failed with your usage of you trying to buy it, |
| 537 | 01:35:19 --> 01:35:28 | and now it's tipped its hand to you. So what are you going to do? You're not going to beat yourself up. Say, oh, it's stuff. Doesn't work. You're going to |
| 538 | 01:35:28 --> 01:35:36 | say, Okay, well this we went below it now, and the rules state that we went down half the gap. We hit that and we rally. But then we failed at the fair value |
| 539 | 01:35:36 --> 01:35:48 | gap, the very first fair value gap between 930 and 10 o'clock. Take a minute for a second. Take a take a take a second. Okay, you have my permission to click on |
| 540 | 01:35:48 --> 01:36:00 | this right now at work, even if your boss is sitting next to you, wink at Carl as you hit the thumbs up because I'm giving you stuff that you have no excuse to |
| 541 | 01:36:00 --> 01:36:13 | be able to find setups in the first hour of trading, you have no excuse. Now I've literally pulled back the veil, and I've shown you rule based ideas that |
| 542 | 01:36:13 --> 01:36:25 | are so specific they're finite. If this, then that, if this, then this. Or if this goes below here, it's going to go back to three quarter, and then you wait |
| 543 | 01:36:25 --> 01:36:33 | to see if it gives you a full closure of the gap, and if it takes out the gap to the downside, which is what it does here. It trades below the below the gap. |
| 544 | 01:36:35 --> 01:36:43 | Where's it going to trade to next? Well, in this leg here, is there any inefficiency, fair value gap. Your eyes should jump right to it. What else is |
| 545 | 01:36:43 --> 01:36:52 | there? Can't just have that alone supported something else, upper quadrant of the volume imbalance. So they have two things. So where's the liquidity at if |
| 546 | 01:36:52 --> 01:37:01 | you're going to sell short in there, where's the liquidity? Where's the inefficiency first? Well, you have it right there, but that's not enough to get |
| 547 | 01:37:01 --> 01:37:10 | excited about. So if that's all you saw, and you didn't factor liquidity below the lows, that wouldn't be a trade you would take on. But you have a low that's |
| 548 | 01:37:10 --> 01:37:24 | slightly higher than that one. It's too smooth. It needs to be made. What jagged, sell short, engage the sell side. Be Done. Be done, because you've had |
| 549 | 01:37:24 --> 01:37:42 | now 123, legs lower, seeking liquidity on the downside. So we've pressed three times into sell side. The market is entering. What we got was it 1043, we're |
| 550 | 01:37:42 --> 01:37:53 | getting close to when the market can have a retracement into opposing liquidity. So we've we've seen sell off and no buy side, except for this one has been |
| 551 | 01:37:53 --> 01:38:06 | engaged in this, but we had three deliveries into sell side, so it's setting up a potential where we can get a intraday retracement. Even wants to keep going |
| 552 | 01:38:06 --> 01:38:19 | lower, it's fine, but you have to measure every single time we engage liquidity. If three times we go into sell side, or three times we attack three successive |
| 553 | 01:38:19 --> 01:38:28 | higher levels of buy side, or three successive lowers of sell side. It opens and invites the opportunity for a retracement, for intermediate term retracement. It |
| 554 | 01:38:28 --> 01:38:35 | doesn't mean that you called the low of the day. It doesn't mean it's calling the high the day. It just means that you need to be aware that you've done this |
| 555 | 01:38:35 --> 01:38:46 | now three times intraday, so it can spool the other direction, and many times that sets up a wonderful continuation to go even lower or even go higher. But |
| 556 | 01:38:46 --> 01:38:52 | you have to anticipate that, because I've watched some of my really good streamers. The students are mine. I'm not going to say anything because I don't |
| 557 | 01:38:52 --> 01:39:06 | want to embarrass them, but I've seen them make this mistake, and I don't want to correct them in front of their audience, but hopefully they can hear what I'm |
| 558 | 01:39:06 --> 01:39:16 | saying here and start incorporating it in their analysis, because the few times that they do it wrong, it's many times because of that element right there where |
| 559 | 01:39:16 --> 01:39:26 | the market has traded multiple times to take out liquidity three times in one direction. Once you get that, you're setting the stage for an enemy of term |
| 560 | 01:39:26 --> 01:39:38 | retracement and or it could be a complete reversal, and the experience is going to determine what that is going to be for you. But most traders, most of my |
| 561 | 01:39:38 --> 01:39:47 | students, don't have that skill set yet, because I haven't taught them until just right now. Okay, so like I said, this is for my son, and since he gave the |
| 562 | 01:39:47 --> 01:39:56 | authorization, and once you have the progress and process of what he's learned and how it's being done, you're all getting to see that, so you're all |
| 563 | 01:39:56 --> 01:40:03 | eavesdropping still. Okay, you're not entitled to any of this information, so I'm telling you. Him, and I'm talking to him, saying, Look, my students, you |
| 564 | 01:40:03 --> 01:40:16 | think I'm talking to you, you Montel, you Brian, you Carl, you think I'm talking to you, Melissa, because I'm talking to my son. And I have genuine concern and |
| 565 | 01:40:16 --> 01:40:24 | sincerity behind what I'm saying, but I also know that there are people here that are listening and you want to learn. So I'm, I'm cognizant of that. I know |
| 566 | 01:40:24 --> 01:40:35 | that, but I'm really speaking to my son, and that's why it feels genuine. But if it has this very first fair value gap here, and we trade below it, what's, |
| 567 | 01:40:35 --> 01:40:38 | what's your mindset going to be switched to inversion? |
| 568 | 01:40:40 --> 01:40:52 | Wonderful. So first threshold is, where's the midpoint that's here, consequence, encroachment. Do we want to see it? If it's a valid inversion, fair value gap, |
| 569 | 01:40:52 --> 01:41:04 | okay, if it's a valid inversion, fair value gap, will it remember I was going to be asking you questions today. Will it completely overlap. In other words, will |
| 570 | 01:41:04 --> 01:41:16 | it go below it and come all the way back up and touch the high of the old guy? No, and that's exactly what you want. You want to see it fail to close that in |
| 571 | 01:41:16 --> 01:41:28 | as it goes back up, it's leaving a portion of that candles low and that candles high. In other words, it looks like this. That's the portion that didn't close |
| 572 | 01:41:28 --> 01:41:36 | in. You may look at these wicks and it causes confusion. You can't you're like, I don't know what he's looking at. I don't get it. I can't see it. I saw an old |
| 573 | 01:41:36 --> 01:41:46 | student from the first group. I'm not going to say your name, but I mentioned I was trying to learn your language the last live stream, and I didn't do very |
| 574 | 01:41:46 --> 01:42:00 | well. But he mentioned in another live streamers that of all my concepts, the one that he didn't do very well with was a fair value guy, and it's because you |
| 575 | 01:42:00 --> 01:42:10 | don't have all of the rules properly applied to using them in price action. I have held back a lot of stuff because a lot of stuff's going to be in the book. |
| 576 | 01:42:10 --> 01:42:20 | And even with me teaching all this, there's so much more to them that make it a fucking science like I have PhD technical science behind me. Okay, I'm, I am a |
| 577 | 01:42:20 --> 01:42:28 | fucking dean of glean, the freak show of fucking precision. And when you when you see it in these books, you're gonna be like, What the hell no wonder this |
| 578 | 01:42:28 --> 01:42:37 | fucking Exactly. That's exactly what it's gonna feel like. But when you have it in your own hands and you start implementing it and seeing it, it's like you're |
| 579 | 01:42:37 --> 01:42:46 | waiting, you're waiting for that knock in the door. Hey, we need you to come with us. They did with Mr. Armstrong, and he told the same thing. I'm going to |
| 580 | 01:42:46 --> 01:42:52 | tell him, fuck you can't have my technology. You ain't going to get it. You ain't going to get it. This is the closest thing you're gonna get to it. Okay, |
| 581 | 01:42:52 --> 01:43:01 | so be satisfied with that, but you don't want to see that complete closure, because that's a signature that there's an algorithm saying this should close |
| 582 | 01:43:01 --> 01:43:17 | in, but I'm not going to close it in, and that's a tip off to entities that you're never going to meet are engaging right then and there. Starts firing, |
| 583 | 01:43:17 --> 01:43:28 | bang, bang, bang, bang. Start sending short entries into the marketplace that doesn't drive price down there. They're speedily rushing to get their fills in |
| 584 | 01:43:28 --> 01:43:48 | before the algorithm spools below that low in this manner, as I indicated before it did so. I'm going to ask you a question. Do you believe when you're watching |
| 585 | 01:43:48 --> 01:44:00 | YouTube and the videos that are being suggested to you? Do you believe that there is an algorithm that makes makes that selection of choices for videos for |
| 586 | 01:44:00 --> 01:44:08 | you to consume. Do you think there's an algorithm that does that, that curates and it goes around and collects and saying, this is, this is what I think this |
| 587 | 01:44:08 --> 01:44:18 | person will probably click on, because YouTube will make money. When you open it up. They make 40% if you believe it, they make 40% of every YouTubers ad |
| 588 | 01:44:18 --> 01:44:31 | revenue. So they're going to do what they're going to look at what you have been doing. What do you watch? Do you watch all of the certain type of video or |
| 589 | 01:44:31 --> 01:44:39 | genre? Or do you watch one or two videos? And you probably watch the first four minutes and lose interest and turn it off in the video is eight minutes long, |
| 590 | 01:44:39 --> 01:44:50 | but you not completely consuming it, any videos. You watch the entirety of that algorithm and saying, Okay, this genre, this category of video, is what we're |
| 591 | 01:44:50 --> 01:45:03 | going to do. We're going to start pushing that and it it out, its algorithm will go through and see how much watched minutes and. You don't think, you don't |
| 592 | 01:45:03 --> 01:45:15 | fucking think that the highest minds of this planet that are actively looking to fleece everyone that's willing to step into this casino, that they don't have an |
| 593 | 01:45:15 --> 01:45:25 | algorithm that is going to determine when and what time, how long and how far these prices are going to go up and down, you don't, you don't think that that's |
| 594 | 01:45:25 --> 01:45:35 | possible. There's no real one. There's no real one algorithm that controls price. It's the buying and selling that's what moves price. And the person that |
| 595 | 01:45:35 --> 01:45:47 | said that, and in the live stream, I faded the motherfucker and caught the big blast off move in the s, p, as he said, There's no way it was going to take out |
| 596 | 01:45:47 --> 01:45:59 | the high of the day. It's it's comedy. It is comedy. When you see what people talk like they know what they're talking about, or they have a hard opinion |
| 597 | 01:45:59 --> 01:46:08 | about what you're learning, and when you don't know what you're doing yet, it's very, very influential. It's easy to talk yourself out of this stuff, folks, but |
| 598 | 01:46:08 --> 01:46:17 | you're never going to be able to say, I didn't show it to you before it happened. Explained it in detail, why it should do this or do that, and there |
| 599 | 01:46:17 --> 01:46:28 | ain't nothing you can do to my beloved student, Andrews median lines had nothing to do with what I outlined today. Andrew's pitchforks have nothing to do with |
| 600 | 01:46:28 --> 01:46:39 | what I outlined today. With all due respect and adoration and love for you as my student, I'm saying this with utmost respect what you're trying to do is reach |
| 601 | 01:46:39 --> 01:46:49 | and there's nothing there for you. Okay, that's not there. Now, we had the market reach up into this inversion, fair value gap. It's the first gap inside |
| 602 | 01:46:49 --> 01:46:58 | of 930 10 o'clock, if you're hunting fair value gaps, Caleb, and that's your pattern. The very first one that forms between 930 and 10 o'clock. That's the |
| 603 | 01:46:58 --> 01:47:16 | one you want to see, because you're, going to get first response off that first presentation, bang, hits it, leaves it open, drops next candle, open, trades up, |
| 604 | 01:47:16 --> 01:47:26 | rejection block highest up close in that price sling, just enough to bump it there. That's algorithmic. Drops aggressively. I'm walking you through this |
| 605 | 01:47:26 --> 01:47:33 | market right here. I say, okay, when it goes below this, how do you want to see price? Do you want to see it go down below lethargically, like really, really |
| 606 | 01:47:33 --> 01:47:39 | slow, dribble, dribble, dribble, dribble. Or do you want to see it just go below that and treat that like a turtle soup, the wish version of turtle soup, where |
| 607 | 01:47:39 --> 01:47:48 | it goes below here, and they think it's going to go up. Or, do you want to see it do what? Sudden, rush down to close the gap, or very minimum, rush to get to |
| 608 | 01:47:48 --> 01:47:57 | three quarters of gap closure. And then I say you want to see it rush and do it in two or three candles, quickly, sudden, just like that. It's going to be in |
| 609 | 01:47:57 --> 01:48:08 | the recording when you can go back and listen to it. Okay? I didn't waffle, I didn't talk about the other side. I gave you the very specific elements. How |
| 610 | 01:48:08 --> 01:48:25 | it's going to deliver. I'm going to ask you a question. Okay, come in a little bit closer. Listen. Do you think there's an algorithm controlling price? Because |
| 611 | 01:48:25 --> 01:48:32 | I heard on the street that they just changed it and they're attacking smart mind concept traders. |
| 612 | 01:48:38 --> 01:48:40 | Yeah, baby. Keep giving me comedy. |
| 613 | 01:48:55 --> 01:49:08 | Smart Money, concept, traps, baby, please, please make more. Please make more videos like that. I'll leave comments so you control me, just you get more. |
| 614 | 01:49:11 --> 01:49:17 | Okay, all right, I'm sorry. I'm not fucking sorry. |
| 615 | 01:49:40 --> 01:49:58 | Oh, man, somebody's asses are getting chopped today. Oh man, I should have sat closer to the kitchen. It's too horrible. Oh, all right, so when you see it |
| 616 | 01:49:58 --> 01:50:09 | straight up in the inversion paper. You got that's your proper use of the very first fair value gap. It's changing the state of delivery, just like an order |
| 617 | 01:50:09 --> 01:50:20 | block will Okay. Order block, we don't want to see it go and it's a bearish order block. We don't want to see it trade above mean threshold. We want to see |
| 618 | 01:50:20 --> 01:50:31 | it dig up into it and roll over and go lower, reverse it for bullet shoulder blocks. We do not want to see it go above, I'm sorry, below. Mean threshold, |
| 619 | 01:50:31 --> 01:50:45 | half. It's range. Why? Because the strength is indicated by its inability, it's reluctance, to get to the furthest extreme, which is why, again, this is not |
| 620 | 01:50:45 --> 01:51:06 | supply and demand. Okay, there are schools of thought that will say a fair value gap is best filled, and I teach that it's not so. You want to see weakness and |
| 621 | 01:51:06 --> 01:51:16 | failures with these PD arrays, the failure for this candle or any subsequent candle, to get to the high end of that fair value gap, to close it in, in other |
| 622 | 01:51:16 --> 01:51:25 | words, to get all the way back to this candles low, is what I'm saying, essentially a perfect redelivery would be this candle, or any other candle, |
| 623 | 01:51:25 --> 01:51:40 | trading up into and touching the equivalent low of that candle right there, which would be 19,009 79 and a quarter. As we have this, we have 19,009 77.75 so |
| 624 | 01:51:40 --> 01:51:51 | we fell short of that right to the tune of the range between that candle is high and that candles low. That's exactly what you want to see, which is the |
| 625 | 01:51:51 --> 01:52:01 | confidence factor that was given to me when we were down in here. I said, How? How do you want to see it deliver? And I walked you through the choices. It can |
| 626 | 01:52:01 --> 01:52:08 | go below that low here. And this is where every troll was jerking off, saying, Here it is. Here's where I'm going to go and go on social media in another |
| 627 | 01:52:08 --> 01:52:15 | person's chat and say, Here's ICT calling both sides of the marketplace. But now it's even worse. He's given three, three scenarios. Okay, go back and listen to |
| 628 | 01:52:15 --> 01:52:23 | what I was doing. Do you want to see it go below that low, little bit short and go higher in reverse? Do you want to see it go below and just drip, dribble |
| 629 | 01:52:23 --> 01:52:31 | down, go slow? Or do you want to see it go below and then large candles and speed? Just like that? You want to see large candles and do it quickly with |
| 630 | 01:52:31 --> 01:52:49 | speed? That's what price did. Okay? That would be Caleb's entry. That's his model, not because of anything other than knowing that the gap was here. We |
| 631 | 01:52:49 --> 01:52:58 | failed to get to the consequence of the width. It would have been obvious for it to reach up to. We created swing low. It traded back to mid gap of the opening |
| 632 | 01:52:58 --> 01:53:10 | range gap, and rally just outside of the opening range, gap, then rejection block here from the daily chart. Is that support resistance? I want to ask you |
| 633 | 01:53:10 --> 01:53:20 | another question. Are you seeing support and resistance being applied here? Has Elliott ever got off the beach yet? Nope. He's beached. He ain't got an HE IS |
| 634 | 01:53:20 --> 01:53:33 | surfboard, his wind sale, his, uh, airfoil, okay, he's he's not. Unfortunately, he out in the water. He's still watching rejection at the rejection block trades |
| 635 | 01:53:33 --> 01:53:44 | lower below the gap. Caleb's school of thought will be, I want to see this gap be overtaken to the downside, and then offer me an opportunity to get short at |
| 636 | 01:53:44 --> 01:54:01 | what price he will use this candles high, 19,009 73 and three quarters, minus one tick, that would be what 19,009 73 and a half. That means all it has to do |
| 637 | 01:54:01 --> 01:54:14 | is book that high. Theoretically, that one tick difference should fill him, but I'm affording him the luxury of seeing anything inside this gap. I gotta wait |
| 638 | 01:54:14 --> 01:54:23 | for Miss scouts. He's in here trying to find her position in her kennel. If you have a dog, you ever see him walk around in a circle like 20 times where they |
| 639 | 01:54:23 --> 01:54:32 | lay down. You know why they do that? They have scent glands in between their paws. And what they want to do is they want to keep walking over to place where |
| 640 | 01:54:32 --> 01:54:39 | they're going to lay at until they smell their own scent, and when they smell it, then they'll lay down. Let's just having a real good time. Uh, we both |
| 641 | 01:54:39 --> 01:54:51 | brought our brand new blanket. See what you get here. Extra no cost. She's distracting me, so I have to give her a chance, because it's there we go. So the |
| 642 | 01:54:52 --> 01:55:02 | rejection block, we trade above that we did get the midpoint of the gap. So if we go above the opening range gap, here we're. And then come back in the net low |
| 643 | 01:55:02 --> 01:55:11 | is going to be suspect. So if it's going to take that low out, then we go to three quarter gap closure, and then full gap closure. We also had new day |
| 644 | 01:55:11 --> 01:55:20 | opening gap, high and low inside of the opening range gap, that blue shaded area. This is a fucking masterclass, isn't it? Like, seriously, tell me where |
| 645 | 01:55:20 --> 01:55:31 | you see this stuff in a book to this degree, explain before it happens. Like, think about it. Like, isn't it fun? Hit the thumbs up if you think this is fun, |
| 646 | 01:55:31 --> 01:55:37 | and you're engaged and you're learning and you're seeing the details of it, why it's doing certain things. It's not enough to see a fair value gap and think, |
| 647 | 01:55:37 --> 01:55:46 | Oh, I know to do that, you have to have logic. You have to be able to frame narrative, seeing what price is likely to do because of a logic that's placed |
| 648 | 01:55:46 --> 01:55:59 | behind it. And guess what that logic is leaning on? It stems from the understanding of an algorithm that many will say does not exist. So me ask you a |
| 649 | 01:55:59 --> 01:56:19 | question, because I said today we're going to be proposing some questions to you. If there is no algorithm, isn't it? Basically saying a greater feat of mind |
| 650 | 01:56:19 --> 01:56:32 | reading is being accomplished by me, that I can read the minds of every buyer and seller. Never really thought about like that. Have you either? I am the |
| 651 | 01:56:32 --> 01:56:46 | greatest mentalist in the history of the world, okay? And I can read the minds like Professor Xavier, okay, I'm sitting in here, and I'm looking around the |
| 652 | 01:56:46 --> 01:56:53 | whole world, and I'm skiing everybody's fucking brain, and I can see what everybody's doing, buying and selling, buying and selling, and I'm reading their |
| 653 | 01:56:53 --> 01:57:07 | minds. I can't do that, folks. That doesn't work. That's not real. ESPN, a real thing. But there is an algorithm, and there's somebody out there that knows what |
| 654 | 01:57:07 --> 01:57:21 | makes it movements higher and lower, when it ticks, when it talks, when it stops, when it rocks. I know his name. I knew where he lives. I know his social |
| 655 | 01:57:21 --> 01:57:32 | security number. How about that? I'm in the know. I know the guy. I know that guy. I know him. Wish I could introduce you to him. I wish you could meet him |
| 656 | 01:57:32 --> 01:57:41 | face to face. I really wish you could. But this is going to have to be enough. So he would take that trade based on that logic, his stop would have to be above |
| 657 | 01:57:42 --> 01:57:55 | consequent encouragement of this wick. Now, why that? Why not the high that? Because we already had this low, we dropped down, immediate rebalance, then it |
| 658 | 01:57:55 --> 01:58:09 | drops. So for someone that is a little bit more scared, or you don't trust that type of stop loss placement. You could use the high that's fine, but he's going |
| 659 | 01:58:09 --> 01:58:23 | to have this as another frame of reference. He can use the midpoint of that wick and just a tick above that, because it's not going to go back up there. If it |
| 660 | 01:58:23 --> 01:58:34 | were to stop him out right there, then I would use this level here to instruct him to go long. Then it would be reclaimed bullish fair value gap. To get to |
| 661 | 01:58:34 --> 01:58:46 | that midpoint here, on that wick, changes the whole classification of this being an inversion fair value gap. So he has a rule based idea that he can learn, not |
| 662 | 01:58:46 --> 01:58:55 | that he needs to do it right away, because he will not be allowed to take two trades. He takes one trade, that's it, one and done, fail or profit and whatever |
| 663 | 01:58:55 --> 01:59:14 | the outcome is, that's what it is. One second here. Gotta wet my whistle. I'm probably gonna need to like 1115 okay, I knew he'd start making long. It won't |
| 664 | 01:59:14 --> 01:59:25 | be long. I promise. Long would be like six hours, but the placement of the entry I explained to you one tick below this candles high, because I want to make sure |
| 665 | 01:59:25 --> 01:59:37 | he gets filled, and he's affording himself the drawdown up to half of this wick, plus one tick. That's his stop out okay, if |
| 666 | 01:59:38 --> 01:59:50 | we wouldn't have had this immediate rebalance, then his stop would have to be above there. Okay, simple, very simple guidance, okay, very rule based, very |
| 667 | 01:59:50 --> 01:59:58 | specific. It's not wishy washy. It's con. It's continuous logic that stems from what I've already talked about, where the stop placement is for a fair value |
| 668 | 01:59:58 --> 02:00:07 | gap, anyway, but, um. Are augmenting it to fit him and how he can keep his risk smaller, not that it affords him more than one contract, because he can only |
| 669 | 02:00:07 --> 02:00:16 | trade with one contract. Okay, he will be starting with micros, because I want to see him implementing it there, and as long as he's consistently doing that, |
| 670 | 02:00:16 --> 02:00:26 | then after a month of doing it there, then he's going to be permitted to trade it with one standard lot or contract of NASDAQ, he will not be trading. Es, I |
| 671 | 02:00:26 --> 02:00:34 | want him to trade the NASDAQ, not because there's more advantages over it. Everything I'm teaching here works in ES, everything I'm teaching here works in |
| 672 | 02:00:34 --> 02:00:43 | forex too. Okay, I just don't want to be messing around with Forex right now. So many things going on with the dollar, there's a de dollarization, whether you |
| 673 | 02:00:43 --> 02:00:49 | like it or not. That's what's happening. I told you in the Twitter spaces last year, all the nations that's doing what they're doing was going to do what |
| 674 | 02:00:49 --> 02:00:56 | they're doing. I told you what the headlines of the newspaper were going to be last summer. It's happening in front of you, and all that's working towards |
| 675 | 02:00:56 --> 02:01:07 | removing the global reserve status of the dollar. Look, it's on its last legs. So I don't want to be in the grocery market in that climate, okay, so you can |
| 676 | 02:01:07 --> 02:01:15 | clearly see that you can make all the money you'd ever want trading one industry. Okay, gold is going to keep going up, because, especially if we have a |
| 677 | 02:01:15 --> 02:01:30 | war event thing, pop off over there in Middle East, we'll probably see $3,200 on gold, maybe 3500, hours by Valentine's Day. But if we get short on that idea, |
| 678 | 02:01:31 --> 02:01:41 | his partials would be here if he has multiple but he can't, so he has to annotate that his next one would be three quarter gap closure. And when I say |
| 679 | 02:01:41 --> 02:01:55 | three quarter gap, you probably don't, especially for the folks that are not English speaking, it would be this price here. So selling short here, below that |
| 680 | 02:01:55 --> 02:02:03 | low will be the next threshold to reach for it would be the three quarters of the range that makes that opening range gap. So that could be your partial okay? |
| 681 | 02:02:03 --> 02:02:16 | And the next would be the new day opening gap high, or somewhere in the vicinity between its low and high. And then, if it has been enough time for him to build |
| 682 | 02:02:16 --> 02:02:27 | his equity up, and he has one and a half times full margin, one and a half times the full margin for the NASDAQ each time. He can meet that threshold, he can |
| 683 | 02:02:27 --> 02:02:38 | trade one more contract. That means he cannot over leverage. It's impossible for him to over leverage. He can only take one trade a day, if he loses, he's done. |
| 684 | 02:02:38 --> 02:02:48 | If he makes money, he's done. Dad is calling the shots. So you probably never looked at your trading like that, where you were holding yourself very rigid, |
| 685 | 02:02:48 --> 02:02:56 | saying, I can't let myself do this. You want to be able to be flexible with rules and say, well, ICT said this, but I'm going to do it. ICT says, Don't |
| 686 | 02:02:56 --> 02:03:04 | trade on Mondays. But this guy says, Look at what I made on Monday. Haha, show me every Monday. Don't just say the one you did today. Go into your account like |
| 687 | 02:03:04 --> 02:03:17 | I did. Want TD Ameritrade account. Log into it. Show every single day, every single print, every single broker, every broker statement, every one of them do |
| 688 | 02:03:17 --> 02:03:30 | it for three months. I bet you won't do it. I bet you won't do it anyway for continuation. If he's afforded himself the amount of equity that we would carry |
| 689 | 02:03:30 --> 02:03:40 | more than one contract, he can then wait to see if we can get below the new day opening gap, which is what we see here, and then wait for what a retracement we |
| 690 | 02:03:40 --> 02:03:51 | have a fair value gap. And the this fib is not that level upper quadrant agreeing with this fair value gap. So we're sweeping above. See we're sweeping |
| 691 | 02:03:51 --> 02:04:00 | above the new day opening gap. Isn't that what I taught when I started teaching in this lectures for the 2024 mentorship, you want to give the algorithm a |
| 692 | 02:04:00 --> 02:04:13 | chance to move around these levels, because there's going to be stops and liquidity, or it will entice traders to chase it. So this type of movement here |
| 693 | 02:04:14 --> 02:04:21 | causes traders to do what they want, to chase it. And if they think they understand fair value gas, what are they going to do on this little thing right |
| 694 | 02:04:21 --> 02:04:27 | here? They're going to try to buy that right there, and they're gonna get their asses handed to him right there, and they're gonna walk away thinking, what? |
| 695 | 02:04:28 --> 02:04:37 | These care bag apps don't work, and they're making traps for Smart Money traders. No, that's an opinion of someone that can't consistently make it work |
| 696 | 02:04:37 --> 02:04:48 | in their hands because they don't have all the information, which, if I've said this, I've only introduced the concepts. I've only introduced them. You there's |
| 697 | 02:04:48 --> 02:04:58 | so much depth to these things, when to use them, when not to use them, and I'm proving that I'm the only real McCoy with them, which proves it's not somebody |
| 698 | 02:04:58 --> 02:05:05 | else's logic. Is it? Because, if it's some. And it's been rebranded and renamed. Will go to that source and just go right to what they wrote about in their books |
| 699 | 02:05:05 --> 02:05:13 | and just parrot that stuff out. And it should match what I'm doing, right? But it won't, and it won't be able to match up to it either. It won't live up to the |
| 700 | 02:05:13 --> 02:05:25 | precision elements. You won't see it. So we have that old volume and balance. Key Levels, upper quadrant, consequent encroachment, which is this red line |
| 701 | 02:05:25 --> 02:05:37 | here, lower quadrant, and then the low of it. New Day opening gap. We want to see it, do what sweep above it, and then provide a means of going short. How can |
| 702 | 02:05:37 --> 02:05:51 | we key off of that survey gap? Three quarter sweeps above. We're in a premium. Where's it go? Sell side drops down. What is this? Sell side imbalance, buy side |
| 703 | 02:05:51 --> 02:05:59 | and efficiency. So would you look at this frame of reference right here, annotating that low to that high, and extend that out in time? Would you do |
| 704 | 02:05:59 --> 02:06:15 | that? You would if you didn't know how to do fair value gaps properly. What is this? What is that inversion? Fair value gap? You're going to see buy side and |
| 705 | 02:06:15 --> 02:06:25 | balance, sell side and efficiency. Here, when you're in a market that's going lower, you want to see buy side and balance cell sign efficiencies be used as |
| 706 | 02:06:25 --> 02:06:32 | future inversion, fair value gaps. When I was on Twitter spaces, and I was saying, you want to note this fair value gap and label it inversion, fair value |
| 707 | 02:06:32 --> 02:06:40 | gap, and then later time it trades up into it, and it repels away from it. And everybody's like, how the did he call that inversion fair value gap before it |
| 708 | 02:06:40 --> 02:06:48 | was a fake inverse, because I know what I'm doing. You're listening to the author, folks. I mean, I don't know how else to make it plainer for you. So if |
| 709 | 02:06:48 --> 02:07:02 | you know this logic, you can then once you wait for them to form Caleb, you extend them forward when they agree with another reference point, something |
| 710 | 02:07:02 --> 02:07:18 | else. It cannot be one singular, PD, array, minimum, two, three. You got a lead pipe, sense trade, then what's this red line right here? It's consequent |
| 711 | 02:07:18 --> 02:07:36 | encroachment of the old daily volume imbalance. What's it touching right there? That level that's also part of this inversion. Fair Value. Got see that I |
| 712 | 02:07:36 --> 02:07:48 | laughed so hard to give myself a sore throat. Good. Maybe your ass will shut up. Nope. I'm gonna make a long one tomorrow. Market sells off, short term, sell |
| 713 | 02:07:48 --> 02:08:04 | side, minor, sell side, liquid, equal, basically, and trade stamp. We have this low, this low all part of August, 20, New Day opening gap, and we have this low. |
| 714 | 02:08:04 --> 02:08:14 | So we have 123, levels that retail is going to see that as. What? What does retail see in that they don't see the new day opening gap unless they're |
| 715 | 02:08:14 --> 02:08:24 | familiar with my concepts, but they're seeing a low, a low and a low. So technically, they're going to view that as a support level, okay? I don't see |
| 716 | 02:08:24 --> 02:08:35 | that as a support level. I see that as a means of okay, like a barrier to breach, okay, to break through it. Like the door said, break on through to the |
| 717 | 02:08:35 --> 02:08:49 | other side. So we're getting a little close to lunchtime macro. So I would like to see it do if it's going to do it, do it quickly, and then we can attack maybe |
| 718 | 02:08:49 --> 02:08:59 | the the new day opening gap here in this high if it takes that low out. I would like to see that run for the lunch macro. Lunch macro, again, for those that are |
| 719 | 02:08:59 --> 02:09:10 | wondering what that is, the market tends to retrace against the underlying direction that has transpired that morning session. Obviously, I think everyone |
| 720 | 02:09:10 --> 02:09:18 | agree that it's been dropping since this morning. So this morning we've had trail stop losses. And then what you want to do is, if we take these lows out, |
| 721 | 02:09:18 --> 02:09:21 | we'll just make it easy. Say these lows are taken out to the downside. |
| 722 | 02:09:22 --> 02:09:32 | And then the lunch macro starts between 1130 and ends at 130 it does not mean there has to be a retracement. You just you want to look for the opportunity for |
| 723 | 02:09:32 --> 02:09:43 | it to happen. What you do is you at that time, at 1130 if you see something that is potentially setting up the retracement for the lunch macro. Lunch macro. A |
| 724 | 02:09:43 --> 02:09:56 | macro is a short list of directives that is a code is a script. The algorithm will start running to opposing liquidity. Okay, about to lose my voice. Lord |
| 725 | 02:09:56 --> 02:10:06 | help me the someone out there praying. Please let. Lose his voice, at least he talks too much. This high, if we go below us, this would be the first high you |
| 726 | 02:10:06 --> 02:10:17 | get to. That has to be post 10 o'clock. So here's 10 o'clock. So you would use as a beginning point go to the right, and every high here that one. But then we |
| 727 | 02:10:17 --> 02:10:26 | made this high, and then we made this high. So I would use this high as the lunch macro. That's where the market would draw for retracement during the 1130 |
| 728 | 02:10:27 --> 02:10:36 | to 130 retracement. It does not mean that 1130 it's just going to start going up and go right to that level. There's other things that you have to factor in, |
| 729 | 02:10:37 --> 02:10:47 | which is why it annoys me when people go out and they try to teach something, because you don't know what you're looking for. These are all casual |
| 730 | 02:10:48 --> 02:10:57 | introductions. And then, because you're going to be looking at price, studying them, looking at how it behaved in the past, you'll you'll develop pattern |
| 731 | 02:10:57 --> 02:11:06 | recognition. You'll see things that repeat, and you'll make a log of that, and then you'll start seeing them in real time at the time. Then they generally |
| 732 | 02:11:06 --> 02:11:15 | form, and you'll know, oh, it's probably going to do this, because it generally does this very thing. And if you add to it the long winded diatribe that I give |
| 733 | 02:11:16 --> 02:11:25 | in these lectures, that's the meat, that's the real sauce, that's the stuff that helps you trust what you're messing around with and studying. You're going to |
| 734 | 02:11:25 --> 02:11:32 | hear me in your own head say the all the things you've heard me say today in other lectures. If you've taken notes and you've wrote it down, and it's a lot, |
| 735 | 02:11:32 --> 02:11:41 | I understand it's a lot, but what do you think profitable, long term, consistently trading is? It's not a one hit wonder. Go to a workshop. Listen to |
| 736 | 02:11:41 --> 02:11:48 | 20 year olds call themselves chairmans and All right, now we're all going to own the world. That's not how it works. It's a lot of work in the chart. It's a lot |
| 737 | 02:11:48 --> 02:11:58 | of boring logging, a lot of just capturing information. So that way, you have a baseline to evaluate what you're observing in price How do you behave? What do |
| 738 | 02:11:58 --> 02:12:05 | you think? What do you feel when you're watching price action? And you're going to watch how that gradually moves towards all the things you were worried about |
| 739 | 02:12:05 --> 02:12:13 | initially. I need to learn this. If I learn this, then I figured it out. Or if I don't learn this, I'm not going to be able to be successful. And you're going to |
| 740 | 02:12:13 --> 02:12:21 | see that you're going to have incremental progress, small, little baby steps that will eventually show enough improvement in a very short time, one month, |
| 741 | 02:12:21 --> 02:12:27 | you'll know right away that this stuff is working for you. Now it doesn't mean you go and you take profitable trades. This means that you're seeing profit rate |
| 742 | 02:12:27 --> 02:12:36 | when they're happening, where they're going to go to next. And you got to watch that for months, so that way you get real bored with it, and where you're able |
| 743 | 02:12:36 --> 02:12:46 | to see where the setups form. Oh yeah, I was going to take a buy there or a short here, and I watched it, and it didn't go down to a level that would have |
| 744 | 02:12:46 --> 02:12:55 | stopped me, based on the rules that I see teaching. So I've done that for three months. So now I can start doing walk forward a demo, and then you do three |
| 745 | 02:12:55 --> 02:13:07 | months of that, only that one trade a day, whether it's profitable or not. If it's profitable, you're done. If you lose, you're done. You let it, sit on it, |
| 746 | 02:13:07 --> 02:13:17 | sleep on it, because you got to get real comfortable taking a loss. Because every trader takes losses, every single trader takes loss. In every single trade |
| 747 | 02:13:17 --> 02:13:27 | you open up, it's a losing trade, until you trade your way out of it. Think about it, every single trade that any trader opens up, it's immediately a losing |
| 748 | 02:13:27 --> 02:13:37 | trade that has to be traded out profitably, or you'll you'll lose, you'll go into a Realized loss. So if you accept the fact going into this that you are |
| 749 | 02:13:37 --> 02:13:43 | eventually going to lose trades, and there's nothing wrong with that, it doesn't mean you can't be profitable. Doesn't mean you're not profitable. Doesn't mean |
| 750 | 02:13:43 --> 02:13:50 | you're not a good trader. Doesn't mean that you have to high have a high yielding strike rate. You don't have to have 90% strike rate. You can be |
| 751 | 02:13:50 --> 02:14:01 | profitable with 50% you can be profitable with 35% accurate. There's the rundown we're talking about, running those relative equal lows. It's like every time I |
| 752 | 02:14:01 --> 02:14:11 | say something, I can't keep a secret. If I say something, it just spreads, and all of a sudden the CME just says, fuck it. You know. ICT wants it to go down |
| 753 | 02:14:11 --> 02:14:19 | there, like some Mazda says, do it now. There it is. It's done. So what I'm interested in, does it accelerate after taking an X candle, bump the low, or |
| 754 | 02:14:19 --> 02:14:26 | maybe consequent question, new dividend gap, and then run that low right there. If I was making the market for nq, I would do that, and I wouldn't take it |
| 755 | 02:14:26 --> 02:14:33 | higher before I did that. But that's just me. I'm not saying that's what's going to happen, but in my head, that that was what I just thought, and I just thought |
| 756 | 02:14:33 --> 02:14:48 | out loud, so that we can kind of get a feel for it. But look at the reaction off of this gap here, and it's the low of what the old, stale. I better stop. I have |
| 757 | 02:14:48 --> 02:14:55 | to get serious. Okay, I got to get more professional. Look at that. Now, if it's going to go that far, look at the next new day opening. Got down here, August 21 |
| 758 | 02:14:56 --> 02:15:05 | what's the chances it can at least tap into that? Just for shits and Google. Can it do it? Can it do it? I don't know. Do you need it to do that? If you were |
| 759 | 02:15:05 --> 02:15:10 | short and you were looking for a partial, do you need my invitation to take partials? I know some of you already short. If you're not taking profit |
| 760 | 02:15:10 --> 02:15:23 | something right here, you're full. Take something off right now. But the fair value gap here is also a rejection block. See that up close candle and what it's |
| 761 | 02:15:23 --> 02:15:35 | the low of that stale, old daily volume imbalance that you never would have had that level on there prior to that daily volume of balance being outlined last |
| 762 | 02:15:35 --> 02:15:52 | Tuesday on August 13. August 13. How many times has it used that area? Multiple times, multiple times it's used it. Now I'm going to ask you a question, and |
| 763 | 02:15:52 --> 02:15:59 | then we're going to do a quick review of yesterday's trades. Okay? Because you're probably wondering, what's those little blue boxes? There's little things |
| 764 | 02:15:59 --> 02:16:15 | that's got to be an indicator. You know, no indicators required. But do you believe that they're targeting my concepts? Do you believe the market makers are |
| 765 | 02:16:15 --> 02:16:26 | targeting Smart Money concepts? My life's work. That's my stuff. If anybody says Smart Money concepts or SMC, what you're saying is, it's my stuff, it's my |
| 766 | 02:16:26 --> 02:16:34 | lectures, it's my teachings, it's my concepts. I codified these things I did me Michael, Joe Huddleston, I did that. That's not me bragging. I'm reminding all |
| 767 | 02:16:34 --> 02:16:43 | you asshats that have worked very hard to hide my name behind your bullshit mentorships, which were parroting me everything I taught in the 2016 the 2017 |
| 768 | 02:16:43 --> 02:16:50 | private mentorship, and every lecture that I did for free, they're not even on my YouTube channel anymore, because they're really, they're not that good. I |
| 769 | 02:16:50 --> 02:16:58 | don't like the presentations of them because they're just, I didn't I wasn't that good at making videos. Then it was really, it's cringy. I don't like it. |
| 770 | 02:16:58 --> 02:17:08 | But my production level of those videos were not on the same level that I did later on, so, but there's, there's a lot of people out there have those videos. |
| 771 | 02:17:08 --> 02:17:16 | They have one like their Google Drives and whatnot, and unfortunately, some people still try to sell them because they think that they're vintage and you're |
| 772 | 02:17:16 --> 02:17:24 | not going to learn anything better in them that I didn't go crazy with in detail, with everything that's on my YouTube channel now, so you honestly should |
| 773 | 02:17:24 --> 02:17:33 | never, ever, ever pay for anything. ICT. You shouldn't, because I've literally given it to all of you for free, and it's expensive because it's going to take |
| 774 | 02:17:33 --> 02:17:40 | you a lot of time to learn it. And I wasn't making it longer for the sake of making it longer. I wish I could have just did it in a five minute video and be |
| 775 | 02:17:40 --> 02:17:50 | done. Like I'd I would rather be out doing something else. I really would. I have a lot of hobbies that I want to do. And my kids, you know, they're all |
| 776 | 02:17:50 --> 02:17:59 | adults. Now, I'd like to be able to go, just take off and go. I like to see it stab down there, hit that new dude you can get on August 21 to see I go, boom, |
| 777 | 02:17:59 --> 02:18:09 | real quick and be done. I'm waiting to see if it'll do it, because then I can then I can go into the discussion about yesterday's trades. So this is a |
| 778 | 02:18:09 --> 02:18:21 | reminder. I know it sounds, you know, a little laboring hearing me say it again, but I just know if I was able to sit in a lecture like this when I was 20 years |
| 779 | 02:18:21 --> 02:18:23 | old, first getting involved in this stuff, |
| 780 | 02:18:24 --> 02:18:32 | if I would have watched someone outline this stuff and explain the logic behind it, because I was, I was a computer printer from sixth grade. I was making my |
| 781 | 02:18:32 --> 02:18:42 | own video games, simple stuff, like hangman and stuff. I coded that stuff with basic language, basic that was the language we were learning in mathematics |
| 782 | 02:18:42 --> 02:18:53 | then. And I stayed after school every single day with the math teachers approval to use the computer, and I had went to the library and I bought books from |
| 783 | 02:18:53 --> 02:19:01 | Walden, books in the mall, in golden ring mall that I would take a cab with my own money that earned from moving picnic tables with my grandfather. I poured |
| 784 | 02:19:01 --> 02:19:13 | myself into that. And I had a technical mindset, highly critical, very analytical. And if someone, when I was 20 years old, would have had this, this |
| 785 | 02:19:13 --> 02:19:24 | level of aptitude, understanding, foresight and knowledge, proving conceptually that this is what is behaving behind the scenes. This is what you're looking |
| 786 | 02:19:24 --> 02:19:36 | for. This is the things that price will generally do. I don't need it to be all the time. You don't need it to be all the time. It's just like when you get a |
| 787 | 02:19:36 --> 02:19:45 | flat tire and you miss a day's work. Are you going to quit your job? No. Does it make your job unprofitable to maintain because you couldn't get to work on time |
| 788 | 02:19:45 --> 02:19:58 | because you got sick? No, that's a loss. Your stop got hit. You got margin call with it, with a with a trade that you put too much leverage on getting to work |
| 789 | 02:19:58 --> 02:20:06 | speeding that day. And you hit a curb and you blew the tie rod. Tie Rods tore up. You got to get a high tire. You miss days work. Guess what? You got a margin |
| 790 | 02:20:06 --> 02:20:11 | call. So what are you going to do? You're going to put more money in the account because you want to trade. Well, same thing. You're going to go back to work. |
| 791 | 02:20:11 --> 02:20:18 | You're going to go to work. That's how you make your bread, that's how you make your money, that's how you take care of your family yourself. Well, trading |
| 792 | 02:20:18 --> 02:20:32 | needs to be the same way, and when you have the perspective that I'm teaching, it literally gives you confidence that is on another level sometimes. And it's |
| 793 | 02:20:32 --> 02:20:40 | dealing with the young men, it's overconfidence, because they hear me talk. They hear me hype up. You know the students, because you need to be cheerleaded In |
| 794 | 02:20:40 --> 02:20:49 | the beginning you do because it's very, very technical stuff. It's dry, and I try to break it up with some of the things and feelings I had going, like when |
| 795 | 02:20:49 --> 02:20:57 | I'm talking to you, live as I'm saying certain things I have memories because I journaled for years, and the things that I used to make a big deal about, and I |
| 796 | 02:20:57 --> 02:21:06 | thought were paramount and tantamount to me. Oh, I have to, I have to do this or it won't work ever. And I discovered that was the silliest, the stupidest things |
| 797 | 02:21:06 --> 02:21:13 | I was putting too much emphasis on, and the greater lessons were the things I didn't even know I needed to learn, and were a byproduct of going through the |
| 798 | 02:21:13 --> 02:21:27 | motions of doing it the right way. And I didn't know what the right way was until six years later, six years later, I had discovered that I was making it |
| 799 | 02:21:27 --> 02:21:40 | harder for myself, demanding more than what I had already done, which is crazy. When you have this perspective, okay, you don't have any fear of it ever |
| 800 | 02:21:40 --> 02:21:50 | stopping in the future, you don't have any fear of missing the next trade. You don't have any fear of I better be in front of the charts tomorrow, because I |
| 801 | 02:21:50 --> 02:22:02 | might miss a move. It removes all of that. Because if you know in your heart of hearts that these markets are controlled and they're rigged, and there's nothing |
| 802 | 02:22:02 --> 02:22:12 | to be ashamed of. By saying that, like there's a stigma around there. Oh, you won those iced tea cult members. There is no algorithm. Everybody has the same |
| 803 | 02:22:12 --> 02:22:22 | invitation. Mr. Vote volume profile, Mr. VSA, which is bullshit too, by the way. Guy left the comment, I used to troll a guy can't think of his name now. He's on |
| 804 | 02:22:22 --> 02:22:29 | YouTube. Got it? He's on YouTube. I mean, he is on YouTube. I think he did, yeah, he did have YouTube videos up at the time, when I was back on baby pips, |
| 805 | 02:22:30 --> 02:22:38 | there was a guy on there that he was trying to be like the big, the big, the big cock of the walk on baby pips. I didn't realize at the time. I just knew that |
| 806 | 02:22:38 --> 02:22:52 | shit he was saying was bullshit. He did some kind of thread or two on baby pips. It was around VSA and new volume stuff. It's all done. But the I started |
| 807 | 02:22:52 --> 02:22:59 | teaching what I'm teaching, and I was teaching optimal trade entry, and he got as hurt and was like, Oh, I'm making all these videos, but nobody wanted to |
| 808 | 02:22:59 --> 02:23:07 | watch my stuff. Real bitch move. But the oops, shouldn't said that. I'm sorry, ma'am. I know you don't like that word, but the for life now, can't remember his |
| 809 | 02:23:07 --> 02:23:17 | name, Pete, Pete faders or Pete Fader, faders or fader I don't know if I was fading him. And the point is, it caused traction over there, and everybody |
| 810 | 02:23:17 --> 02:23:28 | started dividing, and it was team ICT or team VSA. And then, if it wasn't that, it was the people that had some technical threads or whatever, which weren't |
| 811 | 02:23:28 --> 02:23:37 | even that great, but they thought that was the best thing in the world. But if you compare and contrast what you're learning here, what you're learning on this |
| 812 | 02:23:37 --> 02:23:47 | YouTube channel, and all you have to do is show up, take notes and study and see, and you will prove to yourself that there's something going on behind the |
| 813 | 02:23:47 --> 02:23:58 | scenes. And I cannot take you to the actual elements that's occurring. And there's other things that I like I see, things that I'm going to cover in the |
| 814 | 02:23:58 --> 02:24:11 | review of yesterday's trades. I can't tell you every small facet to what I was seeing, but I'm going to try to describe to you when I'm looking at price action |
| 815 | 02:24:11 --> 02:24:21 | and there's when there's manual intervention. I can't see it all the time. You won't be able to see it all the time, but because I've been doing it long |
| 816 | 02:24:21 --> 02:24:29 | enough, and also know what's going on behind the scenes, how these gears turn, what every cog does. It's flirting with it. You see that come on six pins. None |
| 817 | 02:24:29 --> 02:24:37 | the Richer song, song, uh, kiss needs coming to mind every time it gets close to a level I want to see it touch. Or if it's a limit order or whatnot, that song |
| 818 | 02:24:37 --> 02:24:54 | comes on. Oh, look at that. Look at that. Look at that. Thank you, Phil, thank you, buddy. I'll send you a Christmas card. Tell Jonah. I said, hi. All right, |
| 819 | 02:24:54 --> 02:25:11 | now let's get her to yesterday's price. Run. We're looking at regular trading hours. Still Look at that. It's handicapping myself. Okie dokie, let's look at |
| 820 | 02:25:12 --> 02:25:29 | some price delivery. First going into today's New York session, I'm going to ask a question, okay, first one of the day, who's doing it like this? Patrick. |
| 821 | 02:25:29 --> 02:25:41 | Patrick Whelan, the number one day trader on YouTube, who's doing it like this? Baby? Who the fuck is doing it like this? Talk to me. I'll put something on your |
| 822 | 02:25:41 --> 02:25:59 | ass. Ajax won't rub off. Come on. So we have this midnight Wednesday, okay? And crossover to Thursday. Prices, trading, where? What is it doing here? What is |
| 823 | 02:25:59 --> 02:26:15 | that we're out to Beagle Lowe's Okay, wonderful, wonderful. But why is it doing it there? Well, what does it say over here? If you get the membership level on |
| 824 | 02:26:15 --> 02:26:26 | trading view ICTs screen sharing indicator where everything is on my chart goes on yours. It's $350 a month. It's only gonna be that price for right now, but in |
| 825 | 02:26:26 --> 02:26:37 | 90 days, it's gonna go up. So you're like, What the fuck? Oh man, another like, where's where do I send the money? No, I'm being I'm being facetious. I'm just |
| 826 | 02:26:37 --> 02:26:46 | being I'm teasing. I don't want your fucking money. But the level is the old daily sell side of balance, buy side and efficiency. Hi. When I took you on a |
| 827 | 02:26:46 --> 02:26:53 | daily chart, remember it was that red box that said, if I was going to highlight it would be looking like this. That's what it's doing. So when price is above |
| 828 | 02:26:53 --> 02:27:06 | it, okay, when it's above it, how's it going to treat that level as a discount level? Sweet? Sweep. What's the body's telling you, it ain't even touching it. |
| 829 | 02:27:07 --> 02:27:15 | What's the body's telling you it ain't even touching it, but it's a higher low the market rallies back up. What is it doing in this area? Where is it at? It's |
| 830 | 02:27:15 --> 02:27:26 | inside that old daily volume imbalance. So what I'm doing, I'm giving you a structure in the marketplace, like an x ray view, a CAT scan, okay? You're able |
| 831 | 02:27:26 --> 02:27:37 | to see behind price action and what the market's really respecting. It's not the buying and selling pressure. It's allowing the algorithm is sweeping into these |
| 832 | 02:27:37 --> 02:27:50 | levels, crossing over, levels coming back down, and then, once you know what the narrative is, where the price can go, Well, what is that? What is that over |
| 833 | 02:27:50 --> 02:28:05 | here? What is this relative equal highs? What's resting above those relative equal highs, buy side or buy stops. It's traded down to a discount level, or PD |
| 834 | 02:28:05 --> 02:28:14 | array in the form of the daily sell side, imbalance, buy side, efficiency, high. Okay, that is a PD array. That's one of the 81 that I have. |
| 835 | 02:28:15 --> 02:28:24 | Each one of those are have they have a characteristic that can be inverted. So when you are expecting higher prices, which we've been calling we have not been |
| 836 | 02:28:24 --> 02:28:32 | trying to pick the top the market trades down outside of the volume and bounce. So where could it trade to the next PD array on the daily chart? Was that high |
| 837 | 02:28:32 --> 02:28:46 | of that city? It trades to it here, then moves back inside of the volume, imbalance, inefficiency. On the upside after poking its toe outside of the |
| 838 | 02:28:46 --> 02:29:04 | yellow area, which is the volume of balance this fair value gap forming when look at the time. What time is that right there? What time is that? It's one |
| 839 | 02:29:04 --> 02:29:20 | minute past the opening range, at midnight. Oh, you did talk about that. ICT, you did. You did say if I want to trade in London, if I want to trade European |
| 840 | 02:29:20 --> 02:29:36 | Zone trade time wise, okay, you want to trade the Euro zones opening session. You want to trade London kill zone. You want to trade Asia's close. That |
| 841 | 02:29:36 --> 02:29:48 | reference point there from midnight, Eastern Time to 1230 that's your opening range. Okay, first presentation, what is that? First presentation is when you |
| 842 | 02:29:48 --> 02:30:00 | have time of day, because everything starts from time algorithmically. And first presentation, that means the first inefficiency you want to take that and. Carry |
| 843 | 02:30:00 --> 02:30:14 | it through, cast it forward throughout the entirety of the day. Okay? It uses it here and touches it right there. It drops right into that okay? And I'm going to |
| 844 | 02:30:14 --> 02:30:24 | show you a secret indicator. And it's really important that you have to agree to me. Agree with me, spit on your hand. Handshake. Don't spill your hand. I would |
| 845 | 02:30:24 --> 02:30:37 | never do that. I don't even know why I said that. That's gross. I'm thinking of the movie stand by me, which was amazing, amazing movies. The book was actually |
| 846 | 02:30:37 --> 02:30:47 | better. It was part of a Stephen King novella called the body. But I think they did a really good job producing that movie. There's one of my children's |
| 847 | 02:30:47 --> 02:30:56 | favorites too, but they they shake hands like that in the movie, but it's kind of like a pinky promise. You remember doing it in school. But here we have |
| 848 | 02:30:57 --> 02:31:17 | 1:50am right there, all the way over to 2:10am everything I'm showing you is the same for British Pound versus USD, same thing for Euro versus USD, same thing |
| 849 | 02:31:17 --> 02:31:27 | for DOLLAR YEN, same thing for dollar CAD, same thing for Aussie dollar, same thing for net New Zealand Dollar versus the US dollar. So Forex, it works the |
| 850 | 02:31:27 --> 02:31:39 | same way. Okay, please stop demanding that I show examples. I should, I would. But when it's salient and it's not something that's only specific to Forex, I |
| 851 | 02:31:39 --> 02:31:50 | can say these things and they're germane. It's the same thing. It's the same thing in forex, okay, but this is a macro it's the first one you're going to get |
| 852 | 02:31:50 --> 02:32:03 | to as you enter into London Open Killzone, two o'clock to four o'clock. That's your sweet spot. Okay, then we see it touch that fair value gap, which is first |
| 853 | 02:32:03 --> 02:32:18 | presentation right there, inside of the range of the first 30 minutes, 12 o'clock to 12:30am Eastern Time. Does it react off of it? Yep, creates another |
| 854 | 02:32:18 --> 02:32:30 | fair value gap, which is also part of what what do you see here, here, here, here, bullish breaker. So even if you don't see this fair value gap, it's fine, |
| 855 | 02:32:30 --> 02:32:38 | because you'll get the breaker there. Drops once more. What is this little indicator telling me right here I'm |
| 856 | 02:32:44 --> 02:33:02 | 350, to 410, I'm going to ask you a question, does the market respect that fair value gap here, and does It respect it here? Does the send price higher, yup. |
| 857 | 02:33:04 --> 02:33:27 | What time? What time, Dave, are these setups for me, the macro times that I said so you're seeing I the lower quadrant of the old, stale daily volume imbalance, |
| 858 | 02:33:30 --> 02:33:41 | lower quadrant. Consequence, fair value gap. Fair value gap time. What time is the setup going to form? If there's an algorithm that means it's going to do |
| 859 | 02:33:41 --> 02:33:55 | something based on a repeating time. It's a time delivered mechanism that price will begin to spoil. I don't give a flying fuck who says what. Otherwise, I |
| 860 | 02:33:55 --> 02:34:03 | don't give a fuck what their title is at Goldman fucking yank my nuts. I don't give a fuck if it's city, I don't give a shit if it's fucking any other |
| 861 | 02:34:03 --> 02:34:10 | investment bank, I don't give a fuck who they are. They could be on CNBC with their fucking dick hanging out. I don't care. They can tell you anything they |
| 862 | 02:34:10 --> 02:34:24 | want. The market is not controlled by buying and selling pressure. That is the biggest fucking load of horse shit there's ever been. There are no fucking smart |
| 863 | 02:34:24 --> 02:34:34 | money traps. Okay, there is no fucking algorithm changed. Does this look like to you? Does this fucking look like it's been changed, manipulated, somehow fucking |
| 864 | 02:34:34 --> 02:34:52 | augmented and no longer useful? It's obsolete. Now. It's fucking obsolete. Look at this shit. You tell me, you tell me, has anything lost its luster in my |
| 865 | 02:34:52 --> 02:35:16 | life's work here, hell to the no No, baby, no no, no. No, how pretty, how pristine is this? It's so perfect. And because there's an algorithm that |
| 866 | 02:35:16 --> 02:35:24 | controls all of this stuff, that's what you're expecting. You're expecting these things, these repeating signatures that tell you, unequivocally, there's |
| 867 | 02:35:24 --> 02:35:39 | absolutely something controlling it and that, that, Oh, that's a beautiful deer. I'm in the morning room. Sorry, but this, this, this deer is gorgeous. It's |
| 868 | 02:35:39 --> 02:35:46 | beautiful. Tell me you're like, Man, I wish I could shoot it. I can't look at them like that. I guess if I didn't have food in the house, I probably would do |
| 869 | 02:35:46 --> 02:36:01 | it, but I just can't bring myself to shoot them. But these elements of just perfect, perfect presentations of how the market will repeat. Okay, stop for a |
| 870 | 02:36:01 --> 02:36:13 | second, okay, how many schools of thought or discipline or styles of trading Do you personally know? I'm not saying that you know to trade them, but what are |
| 871 | 02:36:13 --> 02:36:24 | you familiar with, like supply and demand. You have Elliott Wave. You have doubt there. You have white golf. You have, uh, shit, harmonic patterns, all kinds of |
| 872 | 02:36:24 --> 02:36:40 | stuff. Okay, and then you have my stuff too. How is the market at the times that I teach you when the moves are going to form? All the kill zones? Okay? There |
| 873 | 02:36:40 --> 02:36:53 | has been no change in the algorithm. There has been no weaponization against the things I've taught, and you don't even know 1/10 of the shit I know. And you're |
| 874 | 02:36:53 --> 02:37:04 | thinking that now, oh, it's changed. It just means that you don't know you're doing it, and especially if you sell services, or if you're selling engagement, |
| 875 | 02:37:04 --> 02:37:12 | it's a perfect compound for you to say, well, I can't do it. So then it's easy for me to say, don't listen to ICT stuff, because it because everybody looks, |
| 876 | 02:37:12 --> 02:37:19 | looks for an excuse to take the off ramp, because it takes work. Here you're gonna work your ass off. But I'm telling you, they're in a motherfucker walking |
| 877 | 02:37:19 --> 02:37:25 | this fucking planet that's ever gonna be more precise, ever. They're never gonna be with time it. They're never gonna be able to fucking be as precise. They're |
| 878 | 02:37:25 --> 02:37:31 | never gonna tell you what it's gonna fucking do and consistently be able to tell you where it's going, why it's gonna go there, and how it's gonna behave with |
| 879 | 02:37:31 --> 02:37:39 | the delivery and price. It will never fucking happen. It's an open invitation. Daddy's home. I'm out here. Let's go. Not one of these fucking talkers, not one |
| 880 | 02:37:39 --> 02:37:47 | of these motherfucking talkers have made their way up on the fucking leaderboard. You're asking where I'm at. I told you they would not come. Dave, |
| 881 | 02:37:47 --> 02:37:54 | with all due respect, brother, just bring it. Stop sending messages like a pigeon between fucking pro charge Mopar, okay, he's in both of our communities. |
| 882 | 02:37:54 --> 02:38:04 | Stop doing all that shit. Get on the fucking leaderboard. Okay. And then there it is. But doing all this stuff. Stop. That's dumb. I'll expect that more from |
| 883 | 02:38:04 --> 02:38:16 | you, but not one, just like I told you, not one of these motherfuckers ever came, not one time, and I'm rubbing your fucking noses in it again out here, I'm |
| 884 | 02:38:16 --> 02:38:29 | begging for it, come. Come. I have not forgotten how to fucking trade. I have not fucking somehow got amnesia. Does it look like I don't know what the fuck |
| 885 | 02:38:29 --> 02:38:33 | I'm doing? Some of you are thinking, fuck, I'm glad I didn't do it. You're fucking right. |
| 886 | 02:38:40 --> 02:38:40 | Where to trade to |
| 887 | 02:38:50 --> 02:39:10 | see that, but it's probably random. It's probably random. It's probably, I don't know, guesswork. Let's go into yesterday, and with the right volume imbalance on |
| 888 | 02:39:10 --> 02:39:25 | the chart, which is this over here, I got nothing but love for you, Dave. It's all fun. I promise you painless. Follow my sword so we have the volume imbalance |
| 889 | 02:39:25 --> 02:39:33 | here, and I have the quadrant levels there. I was watching price on the one minute chart, and if you look at yesterday's presentation, it was the only video |
| 890 | 02:39:33 --> 02:39:42 | I put up. I didn't do a live stream yesterday. I didn't feel well, and I had a lot of things going on with my niece, who's now gone, so it shouldn't be all |
| 891 | 02:39:42 --> 02:39:55 | that much distraction going into September and October live streams, but the I will not be live streaming November and December, because it's holiday. So that |
| 892 | 02:39:55 --> 02:40:04 | told Caleb, I will live stream. Price Action. I'll give you everything. I will. Look forward into it, but when we get to November, I'll do pre recorded videos |
| 893 | 02:40:04 --> 02:40:11 | and lectures that amplify what has been shown in live streams, but I will not be live streaming in November and December. Okay, so that way, if you want to know |
| 894 | 02:40:11 --> 02:40:22 | how long we're gonna be doing it, that tells you. But I was watching price yesterday, and we did trade up into the volume imbalance lower half of it, but |
| 895 | 02:40:22 --> 02:40:33 | didn't quite get into the second half. And we had this big dump off here, and they rally once more. And as we dropped down in I was watching that New Day |
| 896 | 02:40:33 --> 02:40:45 | opening gap on the 20th I'm thinking to myself, hey, if they can send us on a closing basis below these lows on here. Then I'm going to use any return back up |
| 897 | 02:40:45 --> 02:40:59 | into that new day, opening gap, hit that, use it as a sell off and go lower. Now it's going to aim for this, not this. What am I doing? This? This low here. This |
| 898 | 02:40:59 --> 02:41:15 | is part of a breaker there. So this high, this low, two forms of what discount array I want to see? Does it want to go and close below here? And it didn't do |
| 899 | 02:41:15 --> 02:41:25 | it. And as I was watching it, I was looking at this fair value gap that I didn't go watch the recording yesterday. You'll see me do two things there, because I'm |
| 900 | 02:41:25 --> 02:41:34 | using a one minute chart and because I'm trying to annotate it while I was recording it for you, I highlight this area in here, and I don't get a chance to |
| 901 | 02:41:34 --> 02:41:46 | throw the the rectangle on this candle is low and this candle is high, it's little off. Look at the recording, you'll see it's not it's not anchored |
| 902 | 02:41:46 --> 02:42:00 | properly. And because I see that we're down dipping in here, I'm like, Okay, I want to catch it on a buy stop. So I go in and I put in a order to buy it as it |
| 903 | 02:42:00 --> 02:42:12 | clears and should breach the consequence. I want to be in it. Should it do that? So I heard him grab this and do something like that when it's trading here. So |
| 904 | 02:42:12 --> 02:42:21 | if it's going to go and if this really is an inversion fair value gap, it's going to be treated as like a springboard. I want to get in there on a spot as |
| 905 | 02:42:21 --> 02:42:33 | it proves it's going up that way. What it's doing is, if it just drops out of it and goes lower and attacks these relative equal lows, I won't be filled. I'm |
| 906 | 02:42:33 --> 02:42:42 | buying the strength that the inversion fair value gap should prove to me with delivery of price, because it's already wicked outside of it. See that. So in |
| 907 | 02:42:42 --> 02:42:52 | here, running up, and then we're back down in here, in this consolidation, what side would you bet on going to relative equal lows or the relative equal highs, |
| 908 | 02:42:52 --> 02:42:59 | but into the area that was not delivered yet on that old daily volume of bounce at the beginning of this live chain, I showed you that, if you were one of the |
| 909 | 02:42:59 --> 02:43:07 | individuals that were saying that the volume bounce was completely closed in already. It's because you had it set wrong on your daily chart. You had |
| 910 | 02:43:07 --> 02:43:15 | settlement toggled when I didn't. And I told you to begin this live stream. And I said it in other instances, in Twitter spaces last year, and I said it in |
| 911 | 02:43:15 --> 02:43:24 | other lectures on this YouTube channel where I look at the difference between both. And I told you how I use that information. Whichever gives me the wider |
| 912 | 02:43:24 --> 02:43:37 | range, okay, whatever gives me the wider range for inefficiency, or if it's, if it's a body for an order block, I'll look at both, and whichever ones like, if |
| 913 | 02:43:37 --> 02:43:45 | it's a bearish order block, I'll use the higher one. So if it's going to trade up to a higher opening price for the up close candle, that makes a bearish order |
| 914 | 02:43:45 --> 02:43:52 | block. If the context is there for it to be an order block, not just any up close candle, it's a bearish order block. I'll use the one that's higher and I'm |
| 915 | 02:43:52 --> 02:44:03 | toggling that set to settlement price and or not do it. And whichever ones the more of a range that I have to make compensation for. That's the one I'm going |
| 916 | 02:44:03 --> 02:44:16 | to use. So I might miss trades because I do that, and that's sometimes the the result of me trading that way. But that's okay. Not getting in a trade, even if |
| 917 | 02:44:16 --> 02:44:26 | it runs 250 handles, is so much better to sleep on than getting in a trade, losing pushing my will on the market, taking another trade and then keep getting |
| 918 | 02:44:27 --> 02:44:36 | beat up, doing it wrong. I'd rather miss a move that would have been profitable and not get filled doing the right thing, than trying to do something over and |
| 919 | 02:44:36 --> 02:44:44 | over and over again that won't make money. You know, I'm saying like I can accept it. My ego is hurt a little bit, because I know when it does take off and |
| 920 | 02:44:44 --> 02:44:53 | have these big runs, I want to be able to say to my wife like, Oh, yes, right here. You see that. See who you're married to, bro, and see that. I call her |
| 921 | 02:44:53 --> 02:44:59 | that all the time because she's broad chested, and it's not an interrogatory statement. But some of you in the listening audience that are women are like, |
| 922 | 02:44:59 --> 02:45:08 | wow, I. That was really rude of you. I just You just lost a lot of respect. You don't need a dynamic chain. My wife and I, okay, trust me, she knows who butters |
| 923 | 02:45:08 --> 02:45:17 | her fucking bread. Okay, oh, twisted it. I'm trying to get all kinds of drama started up the day. I'm really not. I'm just having fun, but I wanted to be a |
| 924 | 02:45:17 --> 02:45:28 | buyer on the upper half of that inversion fair value gap. So because I saw this candlestick here, and I didn't readily see it when I first saw it, because I got |
| 925 | 02:45:28 --> 02:45:35 | 50 year old eyes now, and I still ain't got my prescription, I don't know why it's taken so long. Maybe because it's a supply chain issues, but it usually |
| 926 | 02:45:35 --> 02:45:43 | takes about a week for my glasses to get filled, and it's been longer than that now. And I don't know what the hell the holdup is, but I'm two prescriptions |
| 927 | 02:45:43 --> 02:45:55 | behind where my eyesight should be better when I get my glasses. When I first was watching it, I thought that these candlesticks were actually closing closer |
| 928 | 02:45:55 --> 02:46:05 | to these bodies. So it didn't, it didn't register as strongly as it did when I realized, I was like, oh shit, it has already done it, like it's done it. It's |
| 929 | 02:46:05 --> 02:46:13 | went down below the bodies here. It's already did the rejection block. That would have been a better entry for me, but because I missed it, I have to now |
| 930 | 02:46:13 --> 02:46:21 | look at this gap that's now here, at that candles close right there. I'm noticing it as I'm looking into this candle, and I'm like, Shit, I have two |
| 931 | 02:46:21 --> 02:46:33 | options here, fix the fair value gap and have it anchored, like I have it here, or just go in and just get the fill. So my mindset, if it's going to go I want |
| 932 | 02:46:33 --> 02:46:42 | to do it on a buy stop. So it means it's got to trade up to my level, like a buy stop would be used to protect the short position. That's the entry mechanism I |
| 933 | 02:46:42 --> 02:46:49 | used, and I was doing it inside of this inversion fair value gap. So in other words, I wasn't looking at it as like it was going to go up here, to go down |
| 934 | 02:46:49 --> 02:46:59 | initially. I was looking for reasons to try to maybe suggest that it may do that and then catch a smaller, immediate rebalance, or a fair value gap on a 15 |
| 935 | 02:46:59 --> 02:47:07 | second chart after it respected it, but when I looked at the can, I was like, oh shit. Actually, I'm reading that wrong. I'm gonna go in there and treat it as |
| 936 | 02:47:07 --> 02:47:19 | inversion paramedic. So I couldn't get it drawn out properly, but you can see it was me and obviously buying it. So I went and put in a buy order on a stop. It |
| 937 | 02:47:19 --> 02:47:27 | fills me. And then you start seeing me measure this wick over here. So I'm looking at this wick thinking, Okay, it's gone above it. Now I'm going to try to |
| 938 | 02:47:27 --> 02:47:34 | add to it, and I'll put four more contracts on as it touches consequent encouragement. I wanted to see that as an opportunity to do so go watch the |
| 939 | 02:47:34 --> 02:47:41 | recording. You'll see me doing this. But this thing just starts saying, Yeah, I'm going up. And you missed the train. If you're ain't already on, you missed |
| 940 | 02:47:41 --> 02:47:52 | it. So it goes up, and then eventually finds its way to the high end, and it blows out the high of it. And then immediately, I said this in Tanja trades live |
| 941 | 02:47:52 --> 02:48:03 | stream, but I don't see her chat, and I didn't know you could do that. I thought when you do a live stream, you can see the chat. Apparently, there's a way to |
| 942 | 02:48:03 --> 02:48:13 | make the chat not visible, whatever. But there's a large number of you in there, and when I say something, everybody knows. Is it even the ass munches that want |
| 943 | 02:48:13 --> 02:48:24 | to make some comments? ICT, I can't trades here. I can't trade like you ask backwards my head on my ass, but I can trade well. And I called the the sell |
| 944 | 02:48:24 --> 02:48:36 | side. I said it'd be nice if they could take out the sell side level. And I'm sure, as I said it, people are like, Oh, he called it lower, but I want to see |
| 945 | 02:48:36 --> 02:48:44 | it do this type of thing here, up to the top of the volume and balance and then give me something in here. But it really blew out really high, and it all of |
| 946 | 02:48:44 --> 02:48:49 | this. It was so fast I couldn't I know you're probably thinking, Well, do you just show us what you did? |
| 947 | 02:48:54 --> 02:49:05 | So I went in buying, look where, look where the the little carrot that appears when you highlight your little buys and sells. When you hover over top your |
| 948 | 02:49:05 --> 02:49:14 | arrows, you can see this is not Market Replay, okay? And look at the bottom of the chart. It's not the same thing you get when you do Market Replay where that |
| 949 | 02:49:14 --> 02:49:27 | has like a play and rewind button type. That's not what we're doing here. So this is entering on a stop at the high end of the inversion, fair value guy. So |
| 950 | 02:49:27 --> 02:49:38 | I'm getting in on a stop right there. If it's going to go to that level, I'm probably going to be on side. And it's would have to be drive up into this here, |
| 951 | 02:49:38 --> 02:49:46 | once it takes that high out. I'm watching this wick. I want to see it trade above consequent encroachment that wick. And then I wanted to you just see me. |
| 952 | 02:49:46 --> 02:49:55 | I'm doing the fib on this. And if this thing's like, It's Elvis has left the fucking building. It's gone. It's taken off. Well, I knew at that time I was |
| 953 | 02:49:55 --> 02:50:03 | going to get another peer meeting opportunity, so I just had to work with it. And because. Was happening so fast, my mind said, What do you want to do here? |
| 954 | 02:50:03 --> 02:50:10 | Do you want to take half off? Do you want to take two off? Do you want to take four to six? What do you want to do here? So I was like, oh, fuck it. I'll just, |
| 955 | 02:50:11 --> 02:50:19 | I'll take, I'll peel off four here. And I was trying to time it right when it touched the upper quadrant level there. So I took that off there. And then the |
| 956 | 02:50:19 --> 02:50:29 | finally, the limit order fills. And you watch that in the video, and it fills at the high end of the volume imbalance here, all this move here, I was not able to |
| 957 | 02:50:29 --> 02:50:38 | be a participant in I didn't capture any of that move clearly. And this was too fast. It literally was too fast. I was setting this recording up to make the |
| 958 | 02:50:38 --> 02:50:47 | video go on YouTube. When this was happening when I signed back in to the trading view. Once the video was being uploaded to YouTube, it already been down |
| 959 | 02:50:47 --> 02:50:55 | here. I'm like, shit. I missed a really good drop. Like, man, that sucks, because I wanted to do both sides of the marketplace. So okay, I waited and I |
| 960 | 02:50:55 --> 02:51:03 | sat and I watched Tanja trades on her live stream, and she took along, which was, in my opinion, a little aggressive, but it's okay. She bailed out, I think, |
| 961 | 02:51:03 --> 02:51:11 | in this area here, which I was hoping that she would, I didn't want to. I don't like to tell her when she's doing anything on lashing, because I don't want to |
| 962 | 02:51:11 --> 02:51:20 | influence her. But I was a little nervous that she was going to hold on to it for a longer period of time. But when we trade up into the low of that volume of |
| 963 | 02:51:20 --> 02:51:30 | balance that shaded in yellow area, okay, what I was watching. And look real close, okay. As we traded up, look what the height of this candle is right |
| 964 | 02:51:30 --> 02:51:48 | there. You're going to look at this value right there. 19,000 19,008 94, and a half. Okay, and the lower quadrant level is here, so it's not touching it. Is |
| 965 | 02:51:48 --> 02:51:49 | it? |
| 966 | 02:51:57 --> 02:52:09 | Is that body going there? I'm sorry not Bobby. Is that wick on here? Touching it? Nope. So what does it do? It trades down. Okay, so what's an ICT order |
| 967 | 02:52:09 --> 02:52:17 | block? What is an ICT order block? It's a change in the state of delivery. Now I'm going to put the execution back |
| 968 | 02:52:22 --> 02:52:34 | on again. We do not hit it there, and then this candle does what comes all the way back down and crosses over that candles opening price. That is when the |
| 969 | 02:52:34 --> 02:52:46 | algorithm changes. Now we're going lower. We've done the delivery to the buy side, trading right back up into what the old daily volume imbalance. It's using |
| 970 | 02:52:46 --> 02:52:54 | that same PD array. It's not support and resistance. Nothing in here, support and resistance trading up into that. And then I'm waiting for the price to do |
| 971 | 02:52:55 --> 02:53:07 | this cross that opening price. Once it does that, these two consecutive candles is my real order block, which I got a text message from Caleb about the other |
| 972 | 02:53:07 --> 02:53:14 | day. I think it's yesterday. I don't know if it's yesterday or yesterday evening. I can't remember, but he sent me a little screenshot of chat GBT or |
| 973 | 02:53:14 --> 02:53:23 | chat GP. I don't know what the fuck it is. Some kind of algorithm, and I guess it's like Wikipedia, where everybody can contribute to whatever. He was trying |
| 974 | 02:53:23 --> 02:53:31 | to show me that order blocks, and it says nobody's really associated as the originator of the fuck. They ain't. It's mine, baby. That's fucking all mine. |
| 975 | 02:53:31 --> 02:53:40 | The point is this, nobody else can tell you what an order block is. I can, and I want people that think they know it. And here's my open challenge for all of you |
| 976 | 02:53:40 --> 02:53:51 | listeners, if you know somebody that says they understand what an ICT order block is, pray tell please tell me who they are. If they're live streaming and I |
| 977 | 02:53:51 --> 02:54:01 | want to see them call order blocks live, I will go into their chat. I will be polite. I will not ridicule them. I will not trash talk them. I will not try to |
| 978 | 02:54:01 --> 02:54:10 | be ignorant or try to be condescending. I want to see someone because I'm going to tell you right now, none of them, none of them, even my charter members, |
| 979 | 02:54:10 --> 02:54:22 | cannot tell you every valid order block. I promise you that. Can they find ones that support a trade? Absolutely. But you're talking to the glean, a dean of |
| 980 | 02:54:22 --> 02:54:36 | gleam here, with it comes, this is my stuff, and you're going to discover that what you have been hearing about from other people that want to kind of like |
| 981 | 02:54:37 --> 02:54:47 | dilute it, because they're trying To take you subtly away from the brand of ICT, so that way they can carve out their own little niche. And I get it, but I'm not |
| 982 | 02:54:47 --> 02:54:58 | the right to want to do that with because there's a lot of things that you'll never learn from me, and I'm going to keep it that way, so nobody can say, Well, |
| 983 | 02:54:58 --> 02:55:08 | I figured out the algorithm. Like you're not figuring me out. You're never figuring me out. Like everything, even the goofy, silly shit that I do, I do |
| 984 | 02:55:08 --> 02:55:18 | that I know I'm gonna get gears turning, but I'm literally 25 steps ahead of every one of you in my analysis. I'm so far ahead in where price is gonna go. |
| 985 | 02:55:18 --> 02:55:25 | I'm just simply waiting for it to do what I'm teaching Caleb to do. Conceptually, he's doing the same thing. I know what the algorithm is likely to |
| 986 | 02:55:25 --> 02:55:33 | do in certain parts of the day based on time, and I'm waiting for these things to materialize in a chart. When I'm doing these live streams and I'm talking |
| 987 | 02:55:33 --> 02:55:43 | over live price action, Caleb has the benefit of watching when he can. He can't do it all the time, but when he's not at work, or when he's sneaking and I don't |
| 988 | 02:55:43 --> 02:55:53 | want him doing that, he's watching me talk about very specific things, and then he's looking at delayed data. He does not have real time data, so he can see me |
| 989 | 02:55:53 --> 02:56:01 | call something, and then several minutes later on, he watches the candles form. So he has the benefit of knowing that dad said this. Now I'm waiting for the |
| 990 | 02:56:01 --> 02:56:10 | chart to present that, and then I'm going to watch it as it's happening. I'm going to watch it. That's how you should be using these live streams. When |
| 991 | 02:56:10 --> 02:56:20 | you're watching the recordings, do the same thing, even if you watch it later on. You can't watch it live or whatever. That's how you should watch it. Rewind |
| 992 | 02:56:20 --> 02:56:27 | and keep rewinding that spot that I'm talking about, something about price, and then you watch the candles, because I'm looking at a one minute chart that's a |
| 993 | 02:56:27 --> 02:56:35 | very, very low time frame. You don't need the less than one minute. One minute is going to give you a lot of details, but you're watching the fluctuations of |
| 994 | 02:56:35 --> 02:56:46 | every one of these individual candles. So when we traded back up into that volume balance low, after this big drop off, what is the what's the likelihood |
| 995 | 02:56:46 --> 02:56:54 | of where price is doing this? Is it more likely that they're going to come back down and sweep below the sell side here, when we trade to this level, or |
| 996 | 02:56:54 --> 02:57:05 | continue up and take out that high? What do you think the the likelihood of this? Clearly, it's going to be exploring the downside sell side. Okay? Why? |
| 997 | 02:57:05 --> 02:57:15 | Because we've been going up for a long time, and we finally worked our way to and through that daily volume of bounds. So it's exhaustive. It's like, I'm just |
| 998 | 02:57:15 --> 02:57:22 | gonna throw it all up there and be done with it. And that's what they did. They just pumped it up there real hard and allowed a heavy measure of distribution |
| 999 | 02:57:22 --> 02:57:30 | coming to market. Come in the marketplace. I knew this, and watching the market trade back up into the low of the volume imbalance, then I wanted to see, does |
| 1000 | 02:57:30 --> 02:57:38 | my order block give me my my signature of when it's going to be good to sell short? I'll close candles. You're consecutive opening price. That's your change |
| 1001 | 02:57:38 --> 02:57:51 | in the state of delivery. It right there. Gives it to me. It does not listen folks. It does not require a close below, okay. It doesn't require that. It's |
| 1002 | 02:57:51 --> 02:58:02 | not an engulfing candle that does talk all that. It's not That's not what's going on. There's other things that are distinct away from the single up close |
| 1003 | 02:58:02 --> 02:58:11 | candle, or in this case, when they're consecutive, all of this is the entire order block. Okay, that's the entire order block, but your eye goes to the |
| 1004 | 02:58:11 --> 02:58:21 | opening price, the lowest opening price of the consecutive candles. In this case, it's this right there. When it takes that out there, all it does is have |
| 1005 | 02:58:21 --> 02:58:31 | to breach it. That means trade to it and below it, one tick that activates that right there, and my eye goes right to that, because everything going forward, |
| 1006 | 02:58:31 --> 02:58:44 | the algorithm is gonna refer back to that same price. Watch, man, this is almost like a paid mentorship level, you feel like a charter member right now. I don't |
| 1007 | 02:58:44 --> 02:58:55 | deceive. I don't even deserve this. Why is this guy giving us away for free? I know it's probably because I got money. So we had the opening price here, and |
| 1008 | 02:58:55 --> 02:59:08 | this candlestick crosses over right there. At that point, as of 1116 we are now in a cell model, okay, this candle, I'm sorry, this candle, we open right at the |
| 1009 | 02:59:08 --> 02:59:22 | low of the volume imbalance. We open, trade up a little bit, come right back down. Next candle, opening rallies back up. Does it take the rejection block |
| 1010 | 02:59:23 --> 02:59:35 | there, because if it takes the rejection block that nullifies the order block, it completely undermines it says, Nope, don't do it. If I have a trade open, I |
| 1011 | 02:59:35 --> 02:59:46 | will kill it. Find that in my lectures, charter members have no idea that's the first time they heard it, too. So no one's figured that out. You're hearing it |
| 1012 | 02:59:46 --> 02:59:52 | now, but you're going to hear it and people talking about it in their live stream, they're going to talk about in their mentorships and stuff. But it's all |
| 1013 | 02:59:52 --> 02:59:59 | here. You learned it today, August, 22 2024 and then right here, we cross back down. |
| 1014 | 03:00:01 --> 03:00:11 | ICT: In here, we do not get the rejection block. And as it was forming lower, as I'm aiming right towards the low of that, I'm getting two things at one time, |
| 1015 | 03:00:11 --> 03:00:19 | failure to get the rejection block, because it should have did it spike right up in it bang. And done. Because if this is a valid order block, it should not go |
| 1016 | 03:00:19 --> 03:00:30 | there. And I'm waiting for that. I want to see it. Okay? It's wonderful. Drop right? There's my fill. I'm eyeballing it marketing in, and I'm trying to aim it |
| 1017 | 03:00:30 --> 03:00:38 | as it's hitting where the body is starting to drop down, drop down, drop down. I'm trying to aim it as it's hitting the low, the volume of bounce, that shaded |
| 1018 | 03:00:38 --> 03:00:46 | yellow area, that's the same section on the daily chart where there's a section where there's no bodies that overlap or connect, it's just the wicks, everything |
| 1019 | 03:00:46 --> 03:01:03 | we talked about this whole presentation today. So then we close here below that price every time we hit that. Does it support? Lower, lower, high, yep, lower, |
| 1020 | 03:01:04 --> 03:01:18 | yep, only going back up into this candlestick here. Sell off. Adding to it. I'm pyramiding. What am I adding into? I'm adding into the low of the new day, |
| 1021 | 03:01:18 --> 03:01:27 | opening gap on the 20th right here. Oh, but look at this. You had a little bit of retracement. Right? My larger positions up here, six. I'm not underwater. It |
| 1022 | 03:01:27 --> 03:01:37 | never goes into a negative. It never do the math on it. That's why I go in with the higher portion, larger first, and then I can pyramid down here. I can take a |
| 1023 | 03:01:37 --> 03:01:49 | little bit of heat on that trade. It's not, it's not taking me into negative $1,500 negative $2,500 I hope it in praying that's not happening. Market breaks |
| 1024 | 03:01:49 --> 03:02:06 | lower comes one more time, which is, what's it hitting here? That's the daily Sibi high hits it here. Here, what's this rejection block there? Sells off. |
| 1025 | 03:02:07 --> 03:02:27 | What's below here? Sell side. What's these levels here? New the opening guy. When do you get that information? 6pm on the 20th. I'm aiming for sell side |
| 1026 | 03:02:28 --> 03:02:31 | below here, and I'm trying to reach below |
| 1027 | 03:02:37 --> 03:02:47 | to take the sell side out below here. How'd I get to that level? These prices here? How to get these prices, this consolidation in here? |
| 1028 | 03:02:55 --> 03:03:07 | I love ICT. I love this. I love this, this, this knowledge is, is forbidden knowledge. Yeah, it is. Here's a consolidation. I want one half of that |
| 1029 | 03:03:07 --> 03:03:21 | consolidation out. That's a standard deviation. That's a pretty good place to take profits, isn't it? As it's amine. Am hitting it. I'm trying to get out with |
| 1030 | 03:03:21 --> 03:03:31 | the sell side. I don't care about all the the bottom tick, you know, scavengers. I don't worry about all that. Your heroes don't have trades like this, folks, |
| 1031 | 03:03:31 --> 03:03:40 | okay, I promise you that they don't have it. They have mentorships, but they can't trade like this. They cannot trade like this period. End of story not |
| 1032 | 03:03:40 --> 03:03:50 | happening. Okay? So I went long based on experience, and I knew that it pulled some shenanigans. Is basically what it is. I knew this was manual intervention, |
| 1033 | 03:03:50 --> 03:03:56 | that I knew they were going to gun the high. I knew they were going to probably take it up to the high of the volume. I knew that much, and then it was a little |
| 1034 | 03:03:56 --> 03:04:07 | overzealous on the outside. So I was right about picking the time when they were intervening. I am not able to do this consistently, but there are few times, and |
| 1035 | 03:04:07 --> 03:04:18 | I mean this very, very few times when the markets are conducive for having these seek and destroy events, which is the the characteristic of this week is what I |
| 1036 | 03:04:18 --> 03:04:28 | told you on Monday in our live stream. I said, be aware that we have Jackson Hole symposium. Jackson Hole symposium. So if you look at the economic calendar, |
| 1037 | 03:04:28 --> 03:04:29 | you'll see it looks like this |
| 1038 | 03:04:37 --> 03:04:47 | any time going in the future as a trader, when you see that the economic counter has that on it, you're going to have delivery of price that will overlap back |
| 1039 | 03:04:47 --> 03:04:59 | and forth, up down, up down, up down, up down, and it can invite the conditions that is seek and destroy. If you take trades, okay, if you take trades that you. |
| 1040 | 03:05:00 --> 03:05:15 | I don't if you don't take partials, let's put it that way, you're going to give up the best wins, and you'll overstay your welcome. I proved this yesterday by |
| 1041 | 03:05:15 --> 03:05:24 | having a trade on and telling my my students what I was looking for. I wanted a little bit more overzealous target. I had a runner, you know, still trying to |
| 1042 | 03:05:24 --> 03:05:35 | squeeze a little bit more juice out of the lemon, and it finally came back, and you took me out of what I was aiming for. I don't think that a Jackson Hole |
| 1043 | 03:05:35 --> 03:05:46 | symposium week is a week that you should push real, real hard on, because it takes a lot of experience to find a good setup and not get overlapped. That |
| 1044 | 03:05:46 --> 03:05:52 | means, like, when you see a price run, where it goes like this, it runs up, comes back down, doesn't take the low out and runs right back over top of it. |
| 1045 | 03:05:53 --> 03:06:00 | Just look at the price action over this week. Promise, when you look at it Saturday, how we've done intraday price action, up, down, up, down, up, down. |
| 1046 | 03:06:01 --> 03:06:13 | It's overlapping. It railroads back and forth, and it's like wonderful setups there, but you have to pay yourself. You got to get something out of them, or |
| 1047 | 03:06:13 --> 03:06:26 | you'll get your ass handed to you. So because of that, you want to see far less trading. Okay? And since we had day one of the symposium today, tomorrow's day |
| 1048 | 03:06:26 --> 03:06:35 | two and Friday, and then Saturdays day three, you want to try to do your trading at the beginning of the week. And if you're going to do anything in the latter |
| 1049 | 03:06:35 --> 03:06:44 | part of the week, you want to be very, very light handed and not have a lot of leverage on and don't trade a lot. Get one good setup. Be content with that, and |
| 1050 | 03:06:44 --> 03:06:51 | paper trade the rest of the time. There's nothing wrong with that tape read, don't even push the demo. Just Just observe it. And don't think, wow, I could |
| 1051 | 03:06:51 --> 03:07:00 | have missed that. I missed that move. It was a big move. There's always moves. There's always moves coming. But if you take a loss on a week now that I've told |
| 1052 | 03:07:00 --> 03:07:10 | you that this is the characteristic, and you still try to push the envelope of risk and over leveraging and frequency of trade and over trading it, you're |
| 1053 | 03:07:10 --> 03:07:18 | going to think, man, I see he's a dick. He told me this is going to happen, and I still did it, and you're gonna blame me, but you did it wrong. You crashed |
| 1054 | 03:07:18 --> 03:07:27 | into the tree, you drove drunk. I didn't put you behind the wheel. You're You're a trading account. I'm telling you don't drive. Just try to do at the beginning |
| 1055 | 03:07:27 --> 03:07:35 | week to that's a week when we can do what trade on Mondays. Now, if Jackson Hole symposium starts on a Monday, or any one of those three days of that symposium |
| 1056 | 03:07:35 --> 03:07:48 | is on a Monday, you don't trade on Monday. Absolutely don't trade it. I so I went long. And then later in the afternoon, I went short |
| 1057 | 03:07:54 --> 03:08:06 | six contracts or so that came out, and then I got stopped out on the bounce of here. So I covered four, I'm sorry, five and one more. And then the trail stop |
| 1058 | 03:08:06 --> 03:08:15 | loss I had. I was giving it room to see if it can overlap a little bit of this. I was hoping that the new day opening gap would keep it at bay. And then |
| 1059 | 03:08:15 --> 03:08:27 | finally, it stopped me out right there. That's stop losses there. Now this one was something I was sharing with my private students, just kind of like anchor, |
| 1060 | 03:08:27 --> 03:08:35 | because their private community that is beyond what this is. I was teaching them early in the beginning of the week, also telling them that just be mindful that |
| 1061 | 03:08:35 --> 03:08:44 | this week we will see overlapping price that means it'll go back and forth, back and forth, and whatever price run was before the one we're in now, it's going to |
| 1062 | 03:08:44 --> 03:08:54 | go over top of that and run, potentially whatever stop was there. So I did something that made sense, technically. Started at a really good level, based on |
| 1063 | 03:08:54 --> 03:09:07 | sound logic. Added to it based on sound logic, good risk management, no over leveraging, no crazy town like frequency of trade, and then targeted liquidity, |
| 1064 | 03:09:07 --> 03:09:18 | majority lines, portion of the move taken below old lows, where Smart Money traders are going to distribute their short positions. And then I allowed the |
| 1065 | 03:09:18 --> 03:09:26 | market to come all the way back up. Now, truth be told, I wanted to see it come down here, and I was going to start doing partials right in here. I took one |
| 1066 | 03:09:26 --> 03:09:33 | off, other meaning four. And now it took one more off below these lows here, and now it took one off here, and then I would have had one contract remaining to |
| 1067 | 03:09:33 --> 03:09:41 | see if I get below here and then reach for the target I had. That's how I intended to trade it. But it came all the way back and got the balance of the |
| 1068 | 03:09:41 --> 03:09:51 | four contracts with the 10 that went short here, six added four more here. Highlight three there. You can see it look up here, right here, that is the |
| 1069 | 03:09:51 --> 03:10:02 | closure. And then that's a closure there. And then the balance of the remaining four of the 10 contracts were stopped out. Up there. So that's over $17,000 |
| 1070 | 03:10:03 --> 03:10:13 | buying it long. I would have shorted it here had I been in front of the charts, but it was too fast for me, way too fast. I was thinking I was going to be able |
| 1071 | 03:10:13 --> 03:10:22 | to upload the video because it was real short. I compressed it real quick, and then it took like 30 seconds to compress and make it in cams Asia. And then |
| 1072 | 03:10:23 --> 03:10:30 | started on the server upload, and I came back to the charts, and I was expecting to do something the upper half of the volume imbalance to get short on. And it |
| 1073 | 03:10:30 --> 03:10:41 | just said, Oh, hell no, lower. And then I had to wait for this, this objective here, which is fine, because I would have wanted to short up in this area and |
| 1074 | 03:10:41 --> 03:10:50 | then use the lower end to pyramid, like I added it here, where I went, six here and four here. I would have done six in here, if it would offer me something on |
| 1075 | 03:10:50 --> 03:10:57 | the high end, above the midpoint, which is that red line, if it would have gave me another fair value gap trade into or institutional order for entry drill, I |
| 1076 | 03:10:57 --> 03:11:04 | would have went short on that. Or if it would have traded back up into this wick half consequent encroachment, I would have added there and then as it broke |
| 1077 | 03:11:04 --> 03:11:13 | lower the last pyramid entry would have been trading what I have here, if it would have given it. May not have given it, though, but that's my thought |
| 1078 | 03:11:13 --> 03:11:22 | process. So I can say that to you, because you can see my executions here. You can see my other executions. You can also see how I'm calling price action live, |
| 1079 | 03:11:22 --> 03:11:29 | giving you the details of why it should behave a certain way and why it shouldn't behave a certain way, and then you watch it pan out. So I'm going to |
| 1080 | 03:11:29 --> 03:11:41 | ask you, do you believe that there's an algorithm that controls price? If you do believe there's an algorithm that controls price, do you believe that they |
| 1081 | 03:11:41 --> 03:11:53 | somehow changed it? Do you see traps being formed? Do I look like I'm being trapped by anything? Does this look like a man that knows something about the |
| 1082 | 03:11:53 --> 03:12:02 | marketplace, or does he look like he's falling into traps and snares? Does it look like does it look like that this person that's talking to you over live |
| 1083 | 03:12:02 --> 03:12:11 | price action, not Market Replay, not hindsight moves, not a textbook. Here's a picture in a book that's static and who knows when it was. I'm talking to you |
| 1084 | 03:12:11 --> 03:12:21 | with real price action over live feed, with low, low low latency. That means from the time it happens in real time, and you seeing it with my live stream. |
| 1085 | 03:12:21 --> 03:12:30 | And if you have live stream that's occurring you, I'm already talking about it before it gets there and how it should behave, and there it is. So do you |
| 1086 | 03:12:30 --> 03:12:38 | believe that they've changed an algorithm? If there is one, or if you don't believe there's an algorithm, leave a comment. I promise you, as long as you're |
| 1087 | 03:12:38 --> 03:12:47 | respectful, I'll still be able to see any other comments you send me, but if you send me some stupid shit, some some dog shit kind of post, or whatever, all I do |
| 1088 | 03:12:47 --> 03:12:55 | is click Hide viewer from Channel, meaning I will never see you. You'll be able to leave a comment. You'll think you're leaving a comment, but I won't ever see |
| 1089 | 03:12:55 --> 03:13:04 | your horseshit again. I'm here to teach even the people that don't like me. I'm here to for for you to learn how to do this stuff the right way, how to read |
| 1090 | 03:13:04 --> 03:13:14 | price action the right way. And if you feel like that, what I'm showing you isn't valid. We'll make a case for why it isn't. You want to make videos about |
| 1091 | 03:13:14 --> 03:13:23 | me. Okay, tell me where I did it wrong. Make the video about it. Okay, I won't do a copyright strike. Don't do the whole video. Just do little segments of it. |
| 1092 | 03:13:23 --> 03:13:31 | And I promise you, for everyone that does that, there'll be an army of other people uploading parts where I really said it in proper context. And I'll wipe |
| 1093 | 03:13:31 --> 03:13:42 | you out that way too. I want to see it. I want to see the guys that can do the stuff, do it live, call it outline, explain it. What's the what's the logic |
| 1094 | 03:13:42 --> 03:14:02 | behind it? What's the narrative? Explain why it should behave a certain way. Man, look at that. Move. Look at it. Were we long today? Gap, multiple things |
| 1095 | 03:14:02 --> 03:14:24 | added to it all in here, fair value, gap, rejection, block, sell off, reaching to new day, opening gap, I think that's a sell side. Yeah. It, and I think |
| 1096 | 03:14:24 --> 03:14:33 | that's going to be it for today. I think I've done a fair enough job today to shit on everybody that says there is no algorithm, that price isn't controlled, |
| 1097 | 03:14:33 --> 03:14:45 | and that there are no absolutely zero traps. There are no traps for Smart Money concepts. Let me see if I can say this in a very diplomatic way, you're a |
| 1098 | 03:14:45 --> 03:14:56 | fucking idiot. If you don't recognize that there's an algorithm, you're a fucking idiot if you are trying to make a band aid for your inability to know |
| 1099 | 03:14:56 --> 03:15:06 | how to use it properly and time it and make the excuse. Set, they somehow change the algorithm. I'm the guy that created this. Though. This is my whole entire |
| 1100 | 03:15:06 --> 03:15:20 | life's work. I codified these things me. I did. You can see it in my the you can hear the authority and when I'm talking about it, that's why it sounds arrogant, |
| 1101 | 03:15:20 --> 03:15:26 | because it's mine, and I know and I've been watching it's being abused, and these people don't know what they're talking about. |
| 1102 | 03:15:32 --> 03:15:43 | When you have a better understanding, which will take you a little bit of time and effort, it's going to take you effort, you will have the confidence that is |
| 1103 | 03:15:43 --> 03:15:54 | lacking in every other approach, because what you're doing is you're placing faith on a pattern. I don't believe in a pattern. I don't believe in any fucking |
| 1104 | 03:15:54 --> 03:16:07 | pattern. I believe in time when it should move and I believe in price inefficiency. Liquidity, inside the spectrum of a market structure that either |
| 1105 | 03:16:07 --> 03:16:18 | is implying that it's going to go higher or lower. And where is that derived from the daily chart? It seems like there's a whole lot of things the balance. |
| 1106 | 03:16:18 --> 03:16:29 | That's because you don't know what it feels like to hold a piece of China, one plate, one piece of fine china wear. And you don't know what it feels like that |
| 1107 | 03:16:29 --> 03:16:39 | hold that dowel rod that's three and a half feet in length, and you don't know what it feels like to take that one plate and spin it on the top of that dowel |
| 1108 | 03:16:39 --> 03:16:48 | rod and maintain that one plate and keep it from falling and breaking, and then getting good at that with one, and then trying it with the second one, and |
| 1109 | 03:16:48 --> 03:16:54 | getting good and and being able to hold both of them spinning without dropping them and breaking it and then adding one more. And that's exactly what it's |
| 1110 | 03:16:54 --> 03:17:03 | like. Learning how to trade. Every aspect of trading is never learned quickly and just right away, just like that. And anyone that markets to you that they |
| 1111 | 03:17:03 --> 03:17:14 | can do that for you, listen to me, folks. And I mean this in Jesus name, I mean this, they're lying to you. They're lying to you. They're trying to do anything |
| 1112 | 03:17:14 --> 03:17:24 | they can to separate you from your money so that way they can eat. I promise you, that is the truth. Because if they knew what they were doing, if they |
| 1113 | 03:17:24 --> 03:17:34 | really understood what they were doing, they wouldn't be begging you to pay them. They wouldn't be doing everything in their power to take your attention |
| 1114 | 03:17:34 --> 03:17:49 | away from me, who's giving it to you for free. And look what it's doing. Look what it's doing. Are you not enter fucking tamed? Are you not seeing the proof |
| 1115 | 03:17:49 --> 03:18:03 | that there is absolutely a way to read price action, and it's so perfect. How the hell could the market react to these levels like this, with the logic for |
| 1116 | 03:18:03 --> 03:18:12 | knowledge, knowing that it's going to behave a certain way. How could anyone know this? We've already canceled out all the bullshit. It's this person's |
| 1117 | 03:18:12 --> 03:18:25 | content, it's that person's content. It's this, it's that, and every single time they strike out, it's not there. It's not anywhere else, but coming out of my |
| 1118 | 03:18:25 --> 03:18:38 | mouth. It's in my head, codified by good old ICT, and I'm giving it to you for free because I got depression from my son. I think to myself every time I lay my |
| 1119 | 03:18:38 --> 03:18:47 | head down like I honestly expect, not that, not that I tried to raise greedy, self centered boys. I didn't, but I thought for sure they'd be like, No way with |
| 1120 | 03:18:47 --> 03:18:53 | all the shit that they've seen, people talk about me and stuff like, sometimes they would get emotional. Be like, you know, why don't you do this and do this? |
| 1121 | 03:18:53 --> 03:19:04 | I was like, because if I let them stay like that, I have a counterpoint to make arguments against. Is forever, ever, ever, there's going to be people that's |
| 1122 | 03:19:04 --> 03:19:10 | going to say something about me. They're going to say there's no algorithm. They're going to say I can't trade. They're going to say I can't call it live. |
| 1123 | 03:19:10 --> 03:19:21 | They're going to say I can't produce profitable students. I've done all that stuff, and they still come up with some Mickey Mouse shit. It doesn't take it |
| 1124 | 03:19:21 --> 03:19:30 | away. It doesn't change it. And it gives me a perfect soundboard to say, Listen, you're either going to be the camp of understanding this stuff is real and |
| 1125 | 03:19:30 --> 03:19:41 | you're going to progress and learn for free, or you're going to be the person that says, I have to sell something because I can't do what he does. So I have |
| 1126 | 03:19:41 --> 03:19:49 | to sell something on my own, so I'm gonna shit on him and do drama marketing. And that only lasts for so long, until you're exposed as an unprofitable dick, |
| 1127 | 03:19:49 --> 03:20:02 | fucking fraud, or people wake up and say, Yeah, you really don't have the Kool Aid. I'm sticking with ICT. I'm drinking his Kool Aid. I got the best Kool Aid |
| 1128 | 03:20:02 --> 03:20:17 | and it's for free. My lemonade stand has the best juice and it's for free. All I gotta do is show up. All you gotta do is show up and hang out. I'm giving you |
| 1129 | 03:20:17 --> 03:20:28 | stuff that you never would learn. I'm proving things conceptually over live price action, and it's not both sides of the marketplace. I'm teaching you |
| 1130 | 03:20:28 --> 03:20:40 | narrative. That's the stuff that cannot be taught in a book. It cannot be taught in a book. I could write 50 fucking books the rest of my life. I would never be |
| 1131 | 03:20:40 --> 03:20:49 | able to scratch the surface of you watching Real Time. What price candles are doing real time as they deliver. How to monitor, Okay, watch when it goes here. |
| 1132 | 03:20:49 --> 03:20:58 | You want to see it, do this. You don't want to see it, do that. But those, those things can't be communicated in a static picture. Think about that. Some of you |
| 1133 | 03:20:58 --> 03:21:07 | have such high hopes about these books, and you're thinking, I'm just going to wait for the book like that's somehow going to give you a quick, you know, jump |
| 1134 | 03:21:07 --> 03:21:15 | ahead the front of the line and understanding if that's not happening, folks, not for the lack of wanting it to be like that. Because if I could, I really |
| 1135 | 03:21:15 --> 03:21:26 | would. I really, I really would. It'd be so much easier, because I want to see what you do with the information. Clearly, I've made millionaires with this |
| 1136 | 03:21:26 --> 03:21:39 | stuff. Millionaires, okay? I'm not the mentor your mentor. I'm the mentor of millionaire traders. I'm the mentor of mentors that while they're learning how |
| 1137 | 03:21:39 --> 03:21:54 | to do it, they sell my stuff when I give it away for free. Make that make sense. That just goes to show the level of just lunacy that traders have when they get |
| 1138 | 03:21:54 --> 03:22:03 | in this industry. Right now, here's it for free from the guy that created it, and here's other guys out here saying I'm going to teach you how to do it |
| 1139 | 03:22:03 --> 03:22:16 | easier, faster, simplifying it. Have them come out and do what I'm doing. Outline the logic, the wise, the why it should and the why it shouldn't and when |
| 1140 | 03:22:16 --> 03:22:26 | it should happen and when it should not happen. And I'm here with it watching. I want popcorn at the ready, because that shit ain't never gonna happen. Every |
| 1141 | 03:22:26 --> 03:22:37 | mentor that's selling a mentorship right now, if they are not giving it to you for a couple months for free, proven that they can see it, outline it and give |
| 1142 | 03:22:37 --> 03:22:49 | it to you in pristine detail, they are not worth your fucking time, let alone your money. And if that hurts, suck at the fuck up buttercup, because that's |
| 1143 | 03:22:49 --> 03:23:01 | just the reality. That's the reality shits too expensive now, man, shit is way too fucking expensive and shits too deep for people be fucking around with some |
| 1144 | 03:23:01 --> 03:23:13 | fraudulent fucking wannabe mentor, if you can't do it, if you can't explain it, if you can't make it make sense real time, you have no voice, and you certainly |
| 1145 | 03:23:13 --> 03:23:22 | don't fucking deserve to have my fucking name a part of your shit. So yes, I'm dipping my dick in your cornflakes and I'm pissing all in it. Because the ones |
| 1146 | 03:23:22 --> 03:23:28 | that can really do it, they're not gonna be offended by that. They'll be like, You know what? For the people that want to go with ICT, there it is. But if you |
| 1147 | 03:23:28 --> 03:23:39 | want to see the way I'm doing it, and I'm gonna come out and prove the I can do this too, you know what, you get a nod from me. I won't shit on you. I won't say |
| 1148 | 03:23:39 --> 03:23:46 | nothing about you because you've earned your spot. You've earned it. But everybody wants my logo and their fucking thumbnail. Everybody wants my fucking |
| 1149 | 03:23:46 --> 03:23:53 | name in there either for fucking drama purposes. Oh yeah, ICT doesn't fucking trade. He's unprofitable. He's the like these motherfuckers know me like you |
| 1150 | 03:23:53 --> 03:24:08 | don't know me. You don't fucking know me. None of you know what the fuck is going on. None of you do. But I love, I love the ones that absolutely care to |
| 1151 | 03:24:08 --> 03:24:15 | learn how to do it properly. They've taken notes, and they've took the initiative to go out there and say, I'm going to carve out my own model. I |
| 1152 | 03:24:15 --> 03:24:26 | didn't forget who I learned it from. I'm not, I'm not blowing ICT in front of everybody just to get a nod from him. I give him his flowers. Say, Hey, you know |
| 1153 | 03:24:26 --> 03:24:32 | what? Thank you for helping me. And if anybody ever asked, How'd you learn this? ICT, and then you go right back to your business. When I'm in other people's |
| 1154 | 03:24:32 --> 03:24:40 | live streams, and they start, oh, ICT, like, I'm a fucking celebrity. I quickly, like, focus on your stream. I'm not a fucking celebrity, but I want to make |
| 1155 | 03:24:40 --> 03:24:47 | myself known in your stream. When I do that, that's not an invitation for everybody to stop listening to the people I'm in there watching too. I'm |
| 1156 | 03:24:47 --> 03:24:56 | curious. I want to see what they're doing. I want to watch what they're doing, because if they're using my information, I want them to teach it correctly. And |
| 1157 | 03:24:56 --> 03:25:13 | if I can help them without managing their trade for them, I'll. So I just don't know how anybody would want to pour money into something when it's being given |
| 1158 | 03:25:13 --> 03:25:28 | for free, like you're getting it, the purest form of it, where it's in a manner where you can, you can judge it for free. I can see if I come out here |
| 1159 | 03:25:30 --> 03:25:38 | and I've done this, if I come out here and I play silly, like, yeah, you know this is like, I don't know it could do that. It could do that. Well, I don't |
| 1160 | 03:25:38 --> 03:25:48 | know that. Yeah, okay, that's something I don't know to talk about. But look at the chart. Look at what we were doing today. Really listen to what I'm telling |
| 1161 | 03:25:48 --> 03:25:57 | you. That's not ambiguous. It's one sided, and it was very rule based. If it does this, it's going to do that. If it does this, it shouldn't do this. So |
| 1162 | 03:25:57 --> 03:26:07 | therefore you can look for this. And I literally told you how my son would be engaging in how he's going to use this model, where his entry technique would be |
| 1163 | 03:26:07 --> 03:26:16 | applied, where his stop loss would be and why? Why is the stop losses in your chart or in your trades? Michael, how was it that your stop losses are so well |
| 1164 | 03:26:16 --> 03:26:30 | placed, right? It's the logic I showed to you today. You right. Everything I'm teaching this mentorship is how I pyramid into trades, how I place my stop loss, |
| 1165 | 03:26:30 --> 03:26:38 | how I read the market, how I get a bias, how I know what's the right draw on liquidity, how I can change direction, how all those things that's that's what |
| 1166 | 03:26:38 --> 03:26:50 | this mentorship is. Because I want my son to know those things, and my other boys will have the recordings as well. And because I'm releasing it for the |
| 1167 | 03:26:50 --> 03:27:04 | first time, this way, everybody afterwards is an echo, meaning they didn't discover it. They didn't find out I love my students. I do. But one of the |
| 1168 | 03:27:04 --> 03:27:17 | things that irk me is I see a lot of people say I took the same trade. When you do that, I'm looking for your trade, and when you don't have that, I look at |
| 1169 | 03:27:17 --> 03:27:27 | that as, okay, that's that's fandom. Fandom is not why I'm here. I don't want fans. I don't want you know, let's bump shoulders and say, hey, look, you know, |
| 1170 | 03:27:28 --> 03:27:38 | it's a move we both took. I don't High Five anybody like that. If you're going to go so far as to tell me in the comment section that, yeah, I took the same |
| 1171 | 03:27:38 --> 03:27:47 | trade, you fucking better show that you did the same trade show it because I don't have any respect for that, and I know the viewers if I allowed those |
| 1172 | 03:27:47 --> 03:28:01 | comments to be seen with shit all over that. And it's justified. It's justified. And if you're going to cosign and say I did this like you did, or took the same |
| 1173 | 03:28:01 --> 03:28:11 | trade as a mentor. I want to see that you did because that's a that's a testimony that you listened, that you that you use the logic that I spent the |
| 1174 | 03:28:11 --> 03:28:24 | time teaching, and you did it without me telling you how to do it, that that's a testimony. You have a voice. You have reason to say, I know what I'm doing. Not |
| 1175 | 03:28:24 --> 03:28:36 | just hey, I want somebody to say, you do the same trade as ICT. Wow. That's not impressive. Show the trade. Show it. Show the engagement, where you got in, |
| 1176 | 03:28:36 --> 03:28:46 | where your stop loss, how you manage it. I would love nothing more to see that I love when I see that in my students, I love that you all like it when you're |
| 1177 | 03:28:46 --> 03:29:02 | watching my executions. I love watching my students executions. To me, it's like, it's like watching my own kids, you know, like I'm I'm watching them do |
| 1178 | 03:29:02 --> 03:29:12 | something that my heart is in. My whole life's been in this and when I can see someone else carving out their success with it, man, am I fucking proud of that. |
| 1179 | 03:29:12 --> 03:29:22 | I am fucking proud of that moment, because I know what it feels like for them. I know what it feels like for them. And I get emotional. Sometimes I get welled up |
| 1180 | 03:29:22 --> 03:29:31 | and I feel like a fucking peacock walk around. And other times I get emotional. I start crying because I'm happy for them. And if I get a chance to have the |
| 1181 | 03:29:31 --> 03:29:39 | fortunate opportunity to watch them when they're live streaming, and they do it, and they feel good, you can watch their fucking face light up because it worked |
| 1182 | 03:29:39 --> 03:29:47 | out. You know damn well what that feels like, you know, and you can't describe it. No words are gonna be able to be adequate enough to say how good it fucking |
| 1183 | 03:29:47 --> 03:29:54 | feels, because there's so many people out there that want to tell you, and it's not because they just don't like me, or they just want to shit on you, |
| 1184 | 03:29:54 --> 03:30:04 | specifically, they'll just shit on anybody because they're miserable, unless you. Up their dick and love what they do, okay? But here in this industry, |
| 1185 | 03:30:05 --> 03:30:17 | unless you are really part of a good community and you're a mature person, you can't appreciate someone else's success. If you look at someone else, I don't |
| 1186 | 03:30:17 --> 03:30:23 | care what they are, okay, if they're trading with any kind of other discipline outside of mine, if they make money and they're consistently able to do that, |
| 1187 | 03:30:23 --> 03:30:33 | you know, I am fucking impressed by that. I have every ounce of fucking respect for somebody like that. They don't have to use what I'm teaching. I'm just |
| 1188 | 03:30:33 --> 03:30:39 | telling you, this is what the markets really do. And you know, if you happen to find a trade that lines up, that's why your trade worked. But if you are |
| 1189 | 03:30:39 --> 03:30:50 | consistently profitable doing anything of your own accord. I have a great deal of respect for that. I don't get jealous by that. I don't talk down just because |
| 1190 | 03:30:50 --> 03:31:02 | you don't use my concepts. You're making fucking money. That's the whole reason why anybody should be doing this. But social media has caused the perfect storm |
| 1191 | 03:31:02 --> 03:31:11 | for people to be divisive, and when I say the things I say, and I said this before, but I get new students all the time, they say, wow, you know, you're |
| 1192 | 03:31:11 --> 03:31:20 | very aggressive, or you talk down to other people. And I wish you wouldn't do that. You know, I'm not talking to you when I do that. I'm talking to the people |
| 1193 | 03:31:20 --> 03:31:30 | that are in other communities that have heard shit about me that isn't true. And then when I do something like that, when I challenge them, say, Look, your shits |
| 1194 | 03:31:30 --> 03:31:36 | Mickey Mouse, it's bullshit. Mine's the real stuff, and it would smoke you. What's that gonna make them do? They're gonna say, Well, I want to see where |
| 1195 | 03:31:36 --> 03:31:45 | it's wrong. And all of a sudden, I have a convert, because they start seeing shit they never saw before, and they're convinced, not because I said so, |
| 1196 | 03:31:45 --> 03:31:52 | because they see it in the fucking charts. They're watching it happen their own charts. They're like, oh shit, this really is better than a fucking rabid wombat |
| 1197 | 03:31:52 --> 03:32:03 | pattern. Hello, there's something else going on there, and that's not a zoo pattern. And I provide the opportunity for you have that moment of astonishment |
| 1198 | 03:32:03 --> 03:32:11 | where it happens in your own hands. That's the magic. That's the part that you need to happen in your own study. Because when you have that first initial |
| 1199 | 03:32:11 --> 03:32:21 | moment of astonishment where it's like, wow, you'll lean on that throughout your entire career, and it then you'll get more of them, and you'll have them in your |
| 1200 | 03:32:21 --> 03:32:27 | journal, and you'll share them with other traders. Say, Hey, look, you know, what was the biggest epiphany moment for you when you were learning how to |
| 1201 | 03:32:27 --> 03:32:35 | trade? Oh, it was when I was looking for these fair value gaps, and I couldn't see them, and I saw all these different fair value gaps, and all of a sudden, |
| 1202 | 03:32:35 --> 03:32:45 | boom, you know, it clicked. I was able to see the right ones, and it became easy, and I didn't know how it was going to happen, and I couldn't even expect |
| 1203 | 03:32:45 --> 03:32:51 | it to happen the way it did, but just because I was in front of the charts all the time, it was like it finally made sense, and that's what I'm talking about, |
| 1204 | 03:32:51 --> 03:32:58 | like it's going to happen for you, but I can't tell you how long it's going to take for that to happen. And some of you, and let's be real honest, Michael, |
| 1205 | 03:32:59 --> 03:33:08 | most of you, are not giving yourself enough time to get that moment, because when it happens, that's when the trading bug has bit you. Now you're a fucking |
| 1206 | 03:33:08 --> 03:33:15 | mutant. Okay, you're going to be out there chasing every opportunity to be a web slinger, just like spider man. Okay, you're gonna be slinging around in these |
| 1207 | 03:33:15 --> 03:33:23 | charts, looking for new opportunities to be able to test the theories that you're learning about. And when you get more experience, and it's building and |
| 1208 | 03:33:23 --> 03:33:30 | building a bit, it's infectious, and you start talking to yourself in a positive tone. So you know what? I'm making progress. I am not wasting my time listening |
| 1209 | 03:33:30 --> 03:33:40 | to people talk down to the person that's sharing this for free. I'm asking nothing. I'm asking nothing. I'm doing this for my son. You don't have to watch |
| 1210 | 03:33:40 --> 03:33:55 | my videos. You nothing brings you here but your own morbid curiosity or your sincere desire to learn it. But it's going to be a default result, the cause and |
| 1211 | 03:33:55 --> 03:34:05 | effect of you spending time here, doing the things I'm teaching my son, if you mimic this, your understanding on how to read price action clearly, properly, |
| 1212 | 03:34:05 --> 03:34:17 | accurately, and how to determine what it's likely to reach for will go through the stratosphere like you won't realize how fast your learning will go if you |
| 1213 | 03:34:17 --> 03:34:19 | stay out of The toxic stuff, |
| 1214 | 03:34:21 --> 03:34:30 | if you stay out of all the what if thinking don't do that? What if you do well by learning this, that's how you should think. What if you learn it faster than |
| 1215 | 03:34:30 --> 03:34:37 | you thought it was going to take you? You got to replace all that toxic thinking with positive self talk, and you do that through your journal. And then while |
| 1216 | 03:34:37 --> 03:34:45 | you're watching price action, when you feel like you missed something, just remind yourself, you know what? This is, just one day out of over 200 |
| 1217 | 03:34:45 --> 03:34:54 | opportunities in a whole year of within how many years do you anticipate living? I mean, obviously tomorrow's not promising nobody, but nobody plans to die |
| 1218 | 03:34:54 --> 03:35:03 | tomorrow, right? Nobody plans, oh, I'm gonna live 14 more years and that's it. I'm gonna get up the ghost. I'm. Nobody thinks like that. So for as long as you |
| 1219 | 03:35:03 --> 03:35:11 | think you're going to be alive and you have your mental faculties, that's the opportunity that's in front of you. So don't rush to get to I can push a button |
| 1220 | 03:35:11 --> 03:35:20 | and I can get it right sometimes, and it'll be enough for me. No, your goal should be, I'm going to be bored out of my fucking mind, because I know that |
| 1221 | 03:35:20 --> 03:35:30 | this is what's likely to occur. I've seen it so many times before. And when you finally fund an account with real money, or you finally get to a decision where |
| 1222 | 03:35:30 --> 03:35:38 | you want to take a funded account challenge, you know that what you've been doing already works, and nobody needs to convince you of it, and you don't need |
| 1223 | 03:35:38 --> 03:35:46 | to listen to me cheerlead you want. You've seen the fruits of it. You've back tested it, you've forward tested it, you've taped bread. You have demo traded it |
| 1224 | 03:35:46 --> 03:35:57 | for the minimum three months. You have the data to support the idea that you yourself can engage with price using the information, and you stick to the rules |
| 1225 | 03:35:57 --> 03:36:03 | that you've laid down for yourself. You don't deviate from it, you don't bend them. You don't try to do more to impress social media. You're not even worried |
| 1226 | 03:36:03 --> 03:36:12 | about social media. That's the right mindset. That's the absolute mindset. And if you don't want to learn from me, apply that same logic to whoever you want to |
| 1227 | 03:36:12 --> 03:36:22 | learn from that's proven they can do it to you. And I mean that sincerely, they don't have to be with me. You don't have to learn how to trade with me, but I'm |
| 1228 | 03:36:22 --> 03:36:31 | not going to lie to you and tell you it's Bollinger Bands calls in the market to do this or feeling that it's not. I'm not going to make up some some horse shit |
| 1229 | 03:36:31 --> 03:36:41 | around an indicator to justify why the market does this or doesn't do that. All these different trading disciplines out there. Okay, all of them. If you use |
| 1230 | 03:36:41 --> 03:36:50 | sound money management and you don't over trade or over leverage, anything can be made profitable. And unfortunately, like I learned in the very beginning, I |
| 1231 | 03:36:50 --> 03:37:00 | attributed the indicators for the oversold, bullish stochastics on a one hour chart. That was the secret sauce for me, and it was just because the market was |
| 1232 | 03:37:00 --> 03:37:08 | going to go up anyway. That's it. That's the only thing that happened. And I didn't get stopped out the times I won and I wore blinders on and when I lost, I |
| 1233 | 03:37:08 --> 03:37:16 | should have been studying why I was losing, but I was focusing on studying why I won. The greater lessons for me would have been studying why I was doing it |
| 1234 | 03:37:16 --> 03:37:24 | wrong, because it was staring me in my face. Everything I've been teaching on this YouTube channel were all the things I was ignoring that could have made me |
| 1235 | 03:37:24 --> 03:37:39 | so much better sooner and kept me from losing fortunes. I've lost more money in the early stages of my development than some of you will probably ever make, but |
| 1236 | 03:37:39 --> 03:37:47 | I still kept going, and I didn't have ICT telling me in videos, do this, do this, and you'll be fine. Keep doing it. It'll work for you. It'll work for you. |
| 1237 | 03:37:48 --> 03:38:01 | I didn't have that. I didn't have that. I had tears, crying, anxiety attacks, eating disorders, ulcers forming in my stomach, irritable bowel syndrome. Had |
| 1238 | 03:38:01 --> 03:38:12 | all that. That's what that was. My companions while I was learning all this stuff, that's that's what that was. What it was like books didn't satisfy me. |
| 1239 | 03:38:13 --> 03:38:21 | Nobody knew what they were doing online. They weren't telling you like I'm talking about things that repeat every single day. That you can go in, measure |
| 1240 | 03:38:21 --> 03:38:33 | it, study it, see the influences over it. And then where in these runs do you find your setup? There's lots of trades in this man, lots of them. And I know |
| 1241 | 03:38:33 --> 03:38:44 | enough to know that it's not appropriate for me to force you into any one of these specific ones. But because Caleb needs that structure to start him, I'm |
| 1242 | 03:38:44 --> 03:38:53 | forcing him into fair value gap. So it's the first fair value gap that forms between 930 and 10 o'clock. Is that complicated, folks? Am I hiding it from you? |
| 1243 | 03:38:54 --> 03:39:05 | Am I? Am I lathering it all up and hiding the real thing he's looking for? No, I've been honest with you, I've been very straightforward, and I've made it very |
| 1244 | 03:39:05 --> 03:39:18 | detailed, like today was very, very, very detailed, but it's the first presentation of a fair value gap inside of 930 to 10 o'clock that is going to be |
| 1245 | 03:39:19 --> 03:39:31 | his his setup. That's his thing. Okay, that's his modem, not his modem. His model. I was thinking modem because I watched this little short on YouTube |
| 1246 | 03:39:31 --> 03:39:40 | before I got on here today. It showed a 1993 desktop computer, and it was loading up, turning on for the first time, and it's going through all of its |
| 1247 | 03:39:41 --> 03:39:54 | login and startup, and he was loading up Doom 16 bit, and it was like, man. That sends me back to memories and stuff, but it made me think about when we had old |
| 1248 | 03:39:54 --> 03:40:03 | modems, when America Line came online. I know I digress, but I have to do it, because it's. One of those things. When we had America Online, I first came out, |
| 1249 | 03:40:03 --> 03:40:12 | everybody had a modem. They had to plug their phone line in and ears. You know that terrible handshaking that it would do when it was connecting to the |
| 1250 | 03:40:12 --> 03:40:19 | service. I was it didn't make that sound. It was like some kind of song playing, but not that you needed to do that. They played Doom. But I was thinking modem. |
| 1251 | 03:40:19 --> 03:40:25 | It's been in my mind all morning, like now, look at the technology they had. Technology we have. Like, I'm literally talking to you. You're all around the |
| 1252 | 03:40:25 --> 03:40:33 | world, different places, all at the same time, hearing you talk. Within four seconds, you're seeing and hearing everything I'm doing. Like, we're really in |
| 1253 | 03:40:33 --> 03:40:42 | the age of the Jetsons in the 80s cartoon in George Jesson and stuff, and they could talk to each other on the TV or in the Palmer hand. That's what we're |
| 1254 | 03:40:42 --> 03:40:55 | doing today. Isn't that wild? My technology is amazing today, and you have all the advantages that I didn't have. So if it took me years to figure out all this |
| 1255 | 03:40:55 --> 03:41:04 | stuff, and I know the Lord had his hand in it, that was my mentor. That was the one that said, look here, and I heard it, and that it might be unsettling for |
| 1256 | 03:41:04 --> 03:41:16 | you, it might want to say, Okay, I'm done. You talk about Jesus. I'm out of here. Goodbye. See you. But that's who kept me in it, because I didn't have the |
| 1257 | 03:41:16 --> 03:41:24 | money to keep doing it. I didn't. I had to work real, real hard to replenish those accounts that I kept dusting off because I figured it out with a new |
| 1258 | 03:41:24 --> 03:41:31 | indicator setting. Oh, I was dealing with the wrong indicator setting. I gotta deal with 14, smooth by three by three. That's the one. That's the cast. That's |
| 1259 | 03:41:31 --> 03:41:43 | the secret one. That's what the smart traders use. You should have saw some of the stuff I believe back then. It was nuts. It was nuts. What you see me able to |
| 1260 | 03:41:43 --> 03:41:53 | do and describe and teach and what my other traders and students can do that was unheard of back then, nobody and even still today, even before I stepped out, |
| 1261 | 03:41:53 --> 03:42:02 | nobody was able to do this kind of stuff. And that's how you know the hand of the Lord's in it, because if he wouldn't have opened my eyes to it. You would |
| 1262 | 03:42:02 --> 03:42:11 | have never known it. This would this is this a it's a fantasy that never would have materialized in anybody's mind. And I didn't have the expectation that this |
| 1263 | 03:42:11 --> 03:42:21 | would even be possible back then. That's not what kept me going. Each little thing that was being shown to me and revealed, this is what happens in the |
| 1264 | 03:42:21 --> 03:42:35 | marketplace. This is how it can be capitalized on. Okay, well, let's codify something around that. Boom. There it is. And when my up coming as a trader, |
| 1265 | 03:42:36 --> 03:42:46 | transitioning from Open Outcry pits where nothing was electronic, everything was calling in your orders from a phone. I had the unique perspective and timing to |
| 1266 | 03:42:46 --> 03:42:55 | be a part of that electronic transfer from opening up cry to electronic trading, and then eventually 24 hour trading, where you have it now and not technically |
| 1267 | 03:42:55 --> 03:43:03 | 24 hours, but we'll eventually be there and when they do away with that gap between five o'clock and six o'clock, because, you know, if we live long enough, |
| 1268 | 03:43:03 --> 03:43:12 | we'll eventually see that go away. There'll be 24 hours trading. It won't change anything. There's still going to be imbalances. There's still going to be |
| 1269 | 03:43:12 --> 03:43:20 | inefficiencies. And I have other weapons and other tools, and if they ever take away the the gap between five o'clock and six o'clock, I will publicly reveal |
| 1270 | 03:43:20 --> 03:43:31 | something that would make an allowance for that. I have so many things. I don't need everything, and you don't need everything. You just need one specific |
| 1271 | 03:43:31 --> 03:43:43 | element of trading inside price action, when price should move, and whatever that is for you, once you discover what it is. Don't demand more. Don't try to |
| 1272 | 03:43:43 --> 03:43:54 | reinvent it. Don't try to pick up what ICT said 81 of them. I'm really curious, honestly, I wish I never would have said it. I wish I never would have revealed |
| 1273 | 03:43:54 --> 03:44:04 | that the corpse. I wish I never would have said that. But because we were talking, I said a lot of things that I said I don't want in that discussion. It |
| 1274 | 03:44:04 --> 03:44:14 | was just for him and I as traders, talking amongst one another, but dia I wish I would never said it, but I get people sending me emails and sending me messages |
| 1275 | 03:44:14 --> 03:44:18 | and texting me on my personal phone line, which I find very intrusive. |
| 1276 | 03:44:20 --> 03:44:27 | If I didn't reply to you, I blocked you, just so. You know, it's not to be a dick, but I get so many people texting and calling when I do the live stranger |
| 1277 | 03:44:27 --> 03:44:41 | trying to call and talk to me. But you only need one thing if I never teach another, PD array, if I never teach a new one, you have more than enough. But |
| 1278 | 03:44:41 --> 03:44:51 | the problem is, you think, by me teaching something new, I've held the better for later, I've held the better for later, but any one of these can perform just |
| 1279 | 03:44:51 --> 03:45:03 | as well as the other ones. It's when they first present themselves that's the importance what time. A day. It does it. And what's the underlying narrative? |
| 1280 | 03:45:03 --> 03:45:12 | Where are the markets likely to behave and trade to and draw to? And you incorporate all those things, you have something so strategically advanced far |
| 1281 | 03:45:12 --> 03:45:23 | and above everything else that it's laughable. It's really laughable. What you believe as a trader is a catalyst for you to get into a trade, until you learn |
| 1282 | 03:45:23 --> 03:45:35 | how to really read what price is doing. And it's very liberating once you understand what it's doing, because it's like, oh, it really isn't it really |
| 1283 | 03:45:35 --> 03:45:44 | isn't that complicated, but your thoughts and your concerns and your fears about yourself, they cloud your mind, and you're going to waste a lot of time |
| 1284 | 03:45:44 --> 03:45:52 | wrestling with those things instead of saying, You know what my only obligation right now is to log what's going on in price and measure how often these things |
| 1285 | 03:45:52 --> 03:46:00 | form. That's my only obligation right now. So that's all Caleb needs to do. He's not in here trying to impress me with how many times he can find a fair value. |
| 1286 | 03:46:01 --> 03:46:11 | Yet that's not that's not the that's not the the agenda here, the assignment is, you are the log price action and show me what your observations are, finding the |
| 1287 | 03:46:11 --> 03:46:19 | first imbalance between 930 and 10 o'clock, and how it is used intraday and where it was seeking what side of the liquidity. I didn't ask him to be right |
| 1288 | 03:46:19 --> 03:46:30 | about liquidity in the drawing liquidity every single time. Initially, that's not even part of it. The way you discover all that is by seeing pattern |
| 1289 | 03:46:30 --> 03:46:37 | recognition. How does the market behave? But until I teach what is the draw on liquidity, which is what we've done, he now has a baseline, okay, this is what |
| 1290 | 03:46:37 --> 03:46:47 | it looks like. So then he can go through his charts after it's happened, and find all the information and log it and screenshot and put his annotations on |
| 1291 | 03:46:47 --> 03:46:56 | what his observations are. And as he gets more understanding, his annotations will be much more specific about things I'm expecting him to observe, and then |
| 1292 | 03:46:56 --> 03:47:05 | I'll know that he can go to the next level of what I want to teach him. That's how I teach that's what I want for my son. That's the best way he's my son. And |
| 1293 | 03:47:05 --> 03:47:11 | I really don't appreciate people trying to tell me how I should teach my son. When you've made millions of dollars and you can tell me, okay, when you come |
| 1294 | 03:47:11 --> 03:47:19 | out here live and call every individual one minute candle, explain why it's going to do it, then you can give me criticism on how I should teach my son how |
| 1295 | 03:47:19 --> 03:47:27 | to trade Okay, when you can do that, prove it to me. Do it live. I'll sit down and I'll take notes from you talking. But otherwise, please don't do that, |
| 1296 | 03:47:27 --> 03:47:37 | because I I'm not going to hear you. I'm not going to hear that, and I'm sorry I'm not going to hear it, but I've had a lot of fun today. Obviously, you see |
| 1297 | 03:47:37 --> 03:47:43 | that I had a little bit of withdrawal, because yesterday we weren't able live stream, so we had a little bit of a longer session today. So longer session |
| 1298 | 03:47:43 --> 03:47:51 | today. So if you compensate for the fact that we didn't have a live stream yesterday, and average it out a little bit between two sessions, it's a little |
| 1299 | 03:47:51 --> 03:48:04 | extra for two days. Okay, so we'll be back on a one hour, maybe a one hour and 15 minute duration tomorrow, and then we'll sail into the weekend with warm |
| 1300 | 03:48:04 --> 03:48:13 | butterflies and kumbayas. Okay? I had fun. Hope you had fun. If you learned something today, if this encouraged you, if it gave you some give you some more |
| 1301 | 03:48:13 --> 03:48:20 | insight about what we're doing, and while we're watching price action, give the stream a thumbs up. That's your currency with me. That means that you found |
| 1302 | 03:48:20 --> 03:48:30 | something here that was helpful to you, it caused you some more questions, which is a good thing. If you're watching the live streams and you have questions |
| 1303 | 03:48:30 --> 03:48:38 | answered, that's great, but I want you to have more questions, because those questions are opportunities for the people that are paying attention. If you're |
| 1304 | 03:48:38 --> 03:48:47 | not watching the streams and having questions arise, you're really not engaging with the lecture your your motivation should be. How many new questions did you |
| 1305 | 03:48:47 --> 03:48:56 | get arise by watching me talk about what price is doing? Because the ones that are really here try to learn. You have questions and I have answers for you. |
| 1306 | 03:48:56 --> 03:49:05 | Trust me, but you have to watch and study real time with me, and you'll learn just like Caleb's learning. It is not as complicated as you think it is in the |
| 1307 | 03:49:05 --> 03:49:13 | beginning. It's a language you got to learn, and nobody had a conversation the first day, you'll fumble over it. You can't pronounce this stuff correctly. It's |
| 1308 | 03:49:13 --> 03:49:21 | crazy, and that's all you're experiencing the first time here, your first few times. If you've never looked at price like this, you have to learn the language |
| 1309 | 03:49:21 --> 03:49:31 | first, and once you understand the language that I use to discuss it, then it becomes a whole lot more fun, because, Oh, I understand exactly what he's doing. |
| 1310 | 03:49:31 --> 03:49:40 | Now I know you're going to say something in the presence of just yourself and nobody being around, and you're going to say what I'm about to say before I say |
| 1311 | 03:49:40 --> 03:49:49 | it, you will finish my sentences, or you'll call attention to something before I do it. And when you start having those epiphanies, it's like, wow, I'm starting |
| 1312 | 03:49:49 --> 03:49:56 | to get you're Right exactly. We're thinking the same way. That means that hive mentality that I'm trying to cultivate around reading price, but I'm not trying |
| 1313 | 03:49:56 --> 03:50:06 | to cultivate a hive mentality about, how do you trade? It, because if Alice case, we all be entering at the same place, all at the same stop loss, the same |
| 1314 | 03:50:06 --> 03:50:13 | amount of contracts holding for the same target. That's not what I'm trying to do. You all can be doing something differently, buying and selling in the same |
| 1315 | 03:50:13 --> 03:50:23 | day and still be profitable using everything that I taught. That's the power of what I'm teaching you. It is a language to engage price action, but I'm giving |
| 1316 | 03:50:23 --> 03:50:35 | you a limitless approach to building models that are literally devastating compared to everything else. But you can't recognize that yet, but you're going |
| 1317 | 03:50:35 --> 03:50:47 | to, you're absolutely going to, and when you get to that point, confidence will need to be managed, because it will sound like arrogance. And young men, it's |
| 1318 | 03:50:48 --> 03:50:55 | going to be very hard for you to do that. And the more you're like that with your friends and family, the more they're going to think that you're full of |
| 1319 | 03:50:55 --> 03:51:04 | shit, and it's not going to work for you. So all you're going to do is get more the things that you don't want. They're never gonna say, good job. Timmy, good |
| 1320 | 03:51:04 --> 03:51:12 | job. Josh, you keep doing that. If anybody's gonna do it, you're gonna do it. They're not gonna do that, because they go to work just like you're going to |
| 1321 | 03:51:12 --> 03:51:23 | work right now. They're going through the pain of paying too much for shit that's way expensive, and they're struggling. Everybody's struggling. So I'm |
| 1322 | 03:51:24 --> 03:51:34 | very proud of Caleb to agree to this being shared, because he could have said, No, Dad, I don't want you to do that because they don't deserve it. And there it |
| 1323 | 03:51:34 --> 03:51:48 | is, okay. I would have went that route, but he feels the same pressure that all of you are feeling. He tells me, man, it's expensive gas, Electric's gone up. I |
| 1324 | 03:51:48 --> 03:52:00 | gotta pay this month to drive gas, you know, because he has to drive to another state, and it's very expensive for everyone. And he has that same thing going on |
| 1325 | 03:52:00 --> 03:52:15 | right now. So he has no advantages over you, none. He has zero advantages. He's being forced to work at a job. He's not making a lot of money. That cost of |
| 1326 | 03:52:15 --> 03:52:28 | living, pressure that you're feeling, he's feeling it too, and he has to learn it when he gets home and on his day off. Now tell me, don't play with that. Take |
| 1327 | 03:52:28 --> 03:52:37 | that pig from her, because it's going to only sounds like something I want in the video. Don't let her out. Leave her in there. Just leave her alone. That's |
| 1328 | 03:52:37 --> 03:52:46 | what I'm saying. Just stay away from she gonna think you're gonna let her out in general, this is all the stuff that used to get cut out of a pre recorded video, |
| 1329 | 03:52:46 --> 03:52:55 | but we're live, so it is what it is. But you have the same situation and same circumstances that he has. The only advantage is that I'm not gonna let him |
| 1330 | 03:52:56 --> 03:53:07 | fail. You have to earn yours, the work that you put into it, you're gonna have to earn all of that. And when you earn it, you should feel good about it when |
| 1331 | 03:53:07 --> 03:53:15 | you understand yourself and you understand the market and how you're gonna engage it. Don't even invite other people in the conversation. Don't say this is |
| 1332 | 03:53:15 --> 03:53:24 | what I'm doing. Like as soon as you start showing your results on social media, unless you're unless you're aiming to be a streamer and have a source of income |
| 1333 | 03:53:24 --> 03:53:33 | like that, then, okay, yeah, it makes sense that you're going to show you what you're doing online. But if, unless you're doing that, showing the world through |
| 1334 | 03:53:33 --> 03:53:42 | social media what your trade was, unless you're teaching, and if you're teaching my stuff, it's kind of like cringy to me, because none of you should be trying |
| 1335 | 03:53:42 --> 03:53:47 | to teach my stuff, to be honest with you, I mean, it's just the way it is, but assuming you're a teacher, |
| 1336 | 03:53:48 --> 03:53:55 | then it makes sense. Here's what I did in the market, or here's how I'm trading, here's how I traded this. Okay, that's wonderful. But apart from that, if you're |
| 1337 | 03:53:55 --> 03:54:03 | just trying to learn how to trade, you should never be showing anybody on the internet what you're doing, because the chances of you getting the cheerleading |
| 1338 | 03:54:03 --> 03:54:10 | that you subconsciously want to hear like, Wow, you did good. That's what you're wanting. So constantly, that's what you want. And I told Caleb, don't you ever |
| 1339 | 03:54:10 --> 03:54:20 | fucking do that? The only time you're gonna see what he's doing is on his YouTube channel where I sit down with him. I sit down with him, and I say, show |
| 1340 | 03:54:20 --> 03:54:29 | me what your notes are. Show me what you observe. And you're going to hear it. You're going to hear him talk about what he feels struggles with. You're going |
| 1341 | 03:54:29 --> 03:54:36 | to hear him talk about where he thinks he's making a little bit of progress, or maybe he's not making any progress. He's going to say it as he feels it and what |
| 1342 | 03:54:36 --> 03:54:47 | he's experiencing. And I'm going to ask him to talk a little bit about what it feels like, working 12 hour days, working 12 hours, commuting and doing this, |
| 1343 | 03:54:47 --> 03:54:59 | and you're gonna think, wow, his dad's ICT and he's still putting him through the milk. You're fucking right. I am, because there's no better way of learning |
| 1344 | 03:54:59 --> 03:55:07 | it. You. You want to eat shit the rest of your life and have somebody tell you how much you're going to earn and when you got to do it, oh, go ahead, go work, |
| 1345 | 03:55:09 --> 03:55:18 | but you have to know what it feels like to avoid it, and that means once you start making money, you won't take stupid risks, because you end up in that same |
| 1346 | 03:55:18 --> 03:55:31 | situation because Dad's not bailing your ass out. You go on your own steam that you earned. You make your own money that you earned. When you make it your way |
| 1347 | 03:55:32 --> 03:55:40 | by your own hands, you'll care more about it. You won't be frivolous with it. You won't take silly risks and over leverage. Oh, I've been doing real good for |
| 1348 | 03:55:40 --> 03:55:51 | the last four months. It's time to overlap. Just says, I can do 15 contracts. So fuck it. Let's do it no because you don't want to end up in that same situation |
| 1349 | 03:55:51 --> 03:56:01 | where you got to go back to only expecting the money that comes to you on a week by week basis, by doing 50 plus hours a week, doing something that you don't |
| 1350 | 03:56:01 --> 03:56:13 | really want to do. That is the catalyst. See, instead of hating your job, you should be thankful you have the job, because that's the motivator. It's not me |
| 1351 | 03:56:13 --> 03:56:20 | talking to you. The only thing I'm doing is making you think about it like, yeah, if I don't really make a change today or work towards making a change, |
| 1352 | 03:56:20 --> 03:56:28 | what's going to change the date, the date on the calendar, that's what's going to change. Nothing else is changing. You're not going to move up, you're not |
| 1353 | 03:56:28 --> 03:56:41 | going to move down. You might move down, might move out the door. They might do away with you. You may be fired. You may not get a promotion. Think about it. So |
| 1354 | 03:56:41 --> 03:56:50 | if you made the decision to be here and learn how to do this stuff, you know, I commend you, because I'm not going to sugarcoat shit. I'm going to tell you just |
| 1355 | 03:56:50 --> 03:56:59 | the way it is. You're not going to like that most of the times the way it's been taught to you. But this is the way it needs to be this way. It needs to be like |
| 1356 | 03:56:59 --> 03:57:08 | this because when you earn it, your your motivation and goal should be I don't ever want to hear this motherfucker talk to me about trading or looking at price |
| 1357 | 03:57:08 --> 03:57:17 | action ever again. I want to know that I know, and I ain't got to worry about listening to anybody else, least of which ICT, and I don't take that as a |
| 1358 | 03:57:17 --> 03:57:30 | disrespect. I That's That's graduation. That is graduating when you no longer give two shits what ice T's saying, because you already know what I'm gonna say. |
| 1359 | 03:57:30 --> 03:57:36 | You already know where the market's gonna go. You already know if I was sitting there funny and say this. Watch this right here. Watch this right here. You |
| 1360 | 03:57:36 --> 03:57:42 | already know that. And you're already in that trade, already taking partials, you already closed the trade, and other people are just sitting there looking at |
| 1361 | 03:57:42 --> 03:57:49 | the fucking and looking at the chart, staring at no idea what's going on, no idea where it's going. All the multiple opportunities to enter into a trade, |
| 1362 | 03:57:49 --> 03:58:01 | they're clueless, and you've already ran a clinic on it, and you've done more in an hour of trading than they'll do in a whole week, with a myriad of losses |
| 1363 | 03:58:01 --> 03:58:11 | across the board, and you've done one trade a day, and you're content and you're making people's salaries. Hello. You don't need to be cheerleaded when you know |
| 1364 | 03:58:11 --> 03:58:20 | you're doing. You don't need to ask anybody outside of you when you know you're doing. You never go onto social media and ask for validation. That's a sign of |
| 1365 | 03:58:20 --> 03:58:30 | success and maturity. Anybody that's posting stuff, unless they're an educator and it's giving examples of it, they're literally just asking you to fill the |
| 1366 | 03:58:30 --> 03:58:40 | void of something they cannot feel and get from their own accomplishments in trading. And if that didn't hit and resonate with you, listen to it again, |
| 1367 | 03:58:41 --> 03:58:49 | because that's exactly what social media has done. It's fostered this environment for people that have no reason to ever expect any clout, to chase |
| 1368 | 03:58:49 --> 03:58:59 | after it, and when they when they see somebody else that has more of it, they're going to shit on them, because they think that elevates them. It doesn't. So |
| 1369 | 03:58:59 --> 03:59:08 | don't even get in the fray of that. Don't even worry about it. Stay out of that. Like I told my son, Caleb, don't fucking do anything on social media. Your |
| 1370 | 03:59:08 --> 03:59:15 | YouTube channel is the only thing. You don't do anything on Instagram, you don't do anything on Twitter, you don't do anything on Facebook. You have one |
| 1371 | 03:59:15 --> 03:59:22 | presence. It's on YouTube. Nobody can pretend to be you, because they're all going to know this is the only place that you're going to speak from you. You're |
| 1372 | 03:59:22 --> 03:59:31 | going to speak from. It makes it easy to manage. You're not asking people's opinions. You're not asking for you know, hey, what do you want me to do? Fuck |
| 1373 | 03:59:31 --> 03:59:40 | everybody else's opinion. The only one you need to worry about is mine. This is it. I'm the drill sergeant you're fucking in boot camp, and this is the way it |
| 1374 | 03:59:40 --> 03:59:46 | is. You're going to eat the shit I put in front of you. You're going to eat it. You're going to say thank you. Yes, sir, yes, sir, yes, sir, yes, sir, never, |
| 1375 | 03:59:46 --> 03:59:55 | no, sir. You're going to log and you're going to repeat it. And then when I tell you to do something extra, then you're going to aim for that, but you're going |
| 1376 | 03:59:55 --> 04:00:10 | to continuously do everything else. I told you. That's the process that. That's the work. That's what every failed ICT student has never really did. And we'll |
| 1377 | 04:00:10 --> 04:00:20 | see what your progress is. You're going through the same thing that he's going through, and some of you already feel the changes, already see the progress. You |
| 1378 | 04:00:20 --> 04:00:29 | already think about it differently. And I'm encouraged because I see people saying, Hey, I used to panic and worry about taking the trade, and now I love |
| 1379 | 04:00:29 --> 04:00:36 | watching price action. It's, it's, it's fascinating to see what it's doing. It literally is marching to what you said, right? And it will do the same thing |
| 1380 | 04:00:36 --> 04:00:48 | when you understand more, it will feel like you carry it on a leash you're walking it. That's what it feels like, and it's hard to get surprised. And if |
| 1381 | 04:00:49 --> 04:01:01 | you're not being surprised, what price is doing? What are you you're bored because you know what you're waiting for. You know. You know that you know, and |
| 1382 | 04:01:01 --> 04:01:11 | no one can take that from you. Once you get to that level, these live streams are going to be so much more immersive, and it'll be a whole different |
| 1383 | 04:01:11 --> 04:01:19 | experience. Right now, you're just flying around if you're brand new, and I know, but don't be discouraged. That's normal for you to feel like that. It's |
| 1384 | 04:01:19 --> 04:01:28 | absolutely normal. It would be something altogether different. If we weren't able to see things happening before it happened. Then they'd be like, Oh yeah, |
| 1385 | 04:01:29 --> 04:01:40 | it's justified. Just unplug and don't come back. But you can't say that you're seeing things that are wonderfully illustrated, has context, has a narrative as |
| 1386 | 04:01:40 --> 04:01:49 | to why it should do certain things and not do other things. And that is real mentoring. That is what it feels like to learn properly from a proper teacher, |
| 1387 | 04:01:49 --> 04:01:57 | from a proper mentor with real experience. If they don't have the ability to do this and they're not willing to do this, that's the biggest red flag to say, You |
| 1388 | 04:01:57 --> 04:02:07 | know what, have a good day. I wish nothing but luck, but I gotta go and know you're not having any money from me. There it is. It's done, and I'm gonna get |
| 1389 | 04:02:07 --> 04:02:16 | all kinds of new level hate placed against me now because people are doing what I'm making a case against today, saying that, you know, if you're teaching, you |
| 1390 | 04:02:16 --> 04:02:26 | better be able to do this. If you're not comfortable out here, I think you can hear my tone of my voice, like I'm not I'm not hopped up on anxiety. I'm not |
| 1391 | 04:02:26 --> 04:02:34 | hopped up on fear, like I'm literally telling you what you should focus on, and how the market should behave and deliver, and the things to focus on, and how it |
| 1392 | 04:02:34 --> 04:02:44 | should start, the runs, where it should reach to all those types of things, because it's stuff I do every single day. And some of you because you're really, |
| 1393 | 04:02:44 --> 04:02:56 | really weak. You're weak minded, weak hearted, you want me to trade in front of you. And that's the only that's the only thing any benefit is because you want |
| 1394 | 04:02:56 --> 04:03:04 | to be able to copy me, and it's not a cop out for you say, oh, that's your excuse. No, you want to do something where you're mimicking me, and you think |
| 1395 | 04:03:04 --> 04:03:13 | that that is you learning how to do it. The only thing that does is, if I did that for one week, it would create such a level of codependence in everyone that |
| 1396 | 04:03:13 --> 04:03:21 | was watching it, they would never feel comfortable doing it in their own in their own development, in their own natural progression going through the |
| 1397 | 04:03:21 --> 04:03:29 | content, any adversity after that would be enough for them to say, Fuck it. I can't do it. And then you'd hate me, because I wouldn't be doing live streams |
| 1398 | 04:03:31 --> 04:03:43 | when I'm promoting you as the driver. I'm just teaching you how to drive, how to navigate, and you're gonna find the quickest route to where you deem success, |
| 1399 | 04:03:43 --> 04:03:49 | but you got to give yourself the permission to go at the pace that you will discover is perfect for you. |
| 1400 | 04:03:50 --> 04:03:57 | You don't have to rush through these lectures. Nobody says you have to be on the same lecture that we're doing right now. If you're if you're panicked, that |
| 1401 | 04:03:57 --> 04:04:07 | you're rushing through them just to stay up to date, you're wasting so much opportunity to do it correctly, you have the benefit of watching it as if it |
| 1402 | 04:04:07 --> 04:04:17 | were live. That's why I'm using the one minute chart. You have every advantage of being here live, and have no dependency on you being here live. The same |
| 1403 | 04:04:17 --> 04:04:27 | measure of experience is the same measure of experience, if anybody's watching it live, it's live streamed. There's 10s of 1000s of people watching them. |
| 1404 | 04:04:28 --> 04:04:35 | There's so many other witnesses to watch when it when it's occurring, that, yeah, this, this really did happen. It really was explained beforehand. It's the |
| 1405 | 04:04:35 --> 04:04:44 | repeating logic that he keeps talking about, and it's repetitious. And you may sink, you may think and say to yourself, he keeps repeating himself. I'm so |
| 1406 | 04:04:44 --> 04:04:55 | that's good. Repetition is the hallmark of recognition. It has to be rep. How many times did you work out in the gym and curl the bicep? Oh, fuck this. I've |
| 1407 | 04:04:55 --> 04:05:04 | already done it 10 times. I'm not gonna do four more sets of this shit. I've already done this. You got to go through it, because it's ingrained. It'll be |
| 1408 | 04:05:04 --> 04:05:11 | it's in your subconscious. You don't want to be thinking about reaching for information while you're watching price. It needs to be automatic, just like |
| 1409 | 04:05:11 --> 04:05:18 | that, like when I took that trade yesterday, automatic. I was like, oh, fuck this. I worry about making the box look pretty. I know what I got to do. I got |
| 1410 | 04:05:18 --> 04:05:29 | to enter an order right now, because if I don't do it, it may take off and run without me. That's because I've done this for 30 years. I have done this over |
| 1411 | 04:05:29 --> 04:05:37 | and over and over again, and also know what it's like to get that oh, it's going to do and then sit on it and wait too long, and then it runs away. So I know |
| 1412 | 04:05:37 --> 04:05:46 | what I'm supposed to do. I gotta react. I gotta say, Okay, I'm looking for this, but now it's done this. So if I want to take, if I want to take a trade, it's in |
| 1413 | 04:05:46 --> 04:05:55 | the PDA rate I will be using right now. So I gotta, either wanna stop. I can't use a limit order because I'm already in the middle of a very small little |
| 1414 | 04:05:55 --> 04:06:02 | range. So how am I gonna be able to finesse a limit order? I'm also just do a market order. Well, I don't want that. I want to be able to buy as it's leaving |
| 1415 | 04:06:02 --> 04:06:17 | the lower half of that inversion fair value gap. And that's why I elected the use of buy on stop, because we're learning how the entries form the patterns, |
| 1416 | 04:06:17 --> 04:06:26 | and how you enter your limit order for the fair value gaps, Caleb, that's what we're introducing here. Next week, we're going to talk about things that are |
| 1417 | 04:06:26 --> 04:06:35 | going to be problematic for the trade being effective. So it might look like it's in the marketplace. It may be a viable trade, but when do you stand down |
| 1418 | 04:06:35 --> 04:06:46 | and say, I'm not taking that one? I'll just, I'll just paper trade it, or you tapered it very, very important information next week, and I guarantee you, the |
| 1419 | 04:06:46 --> 04:06:57 | viewership is going to be the least. It's going to be the lowest, and it's going to be the same people that don't watch that on those lectures next week. They're |
| 1420 | 04:06:57 --> 04:07:07 | the same people that will be either in anonymity or openly on the internet saying this stuff doesn't work because they don't want to learn how to make sure |
| 1421 | 04:07:07 --> 04:07:17 | that they're trading the environments that have the highest probability. There are lessons that I had never intended ever teach, and because my son's making an |
| 1422 | 04:07:17 --> 04:07:26 | effort to do this, I want him to have all the advantages of knowing when and when not to it doesn't mean it's gonna be easy, but these are the things that I |
| 1423 | 04:07:26 --> 04:07:39 | do that helps me focus on the best. Think about it. Wouldn't you want that information? Wouldn't you want to know? What are the things that's gonna be in |
| 1424 | 04:07:39 --> 04:07:47 | my way that I'm gonna fall a victim to, and how do I cope with that? How do I navigate that? Because these are all things that I fell victim to and blew an |
| 1425 | 04:07:47 --> 04:07:56 | account with every single lecture I go and give next week. If I didn't learn those lessons, I never would be able to do what you see me do. I can see it |
| 1426 | 04:07:56 --> 04:08:05 | before it happens. I can outline it. And as long as you can see and outline it. All you need to know is where you're going to get in it. And that's easy. That's |
| 1427 | 04:08:05 --> 04:08:15 | the easy part. The hard part is knowing where it's going to go, when it's going to start going there, and what's the reasonable measure of retracement, if at |
| 1428 | 04:08:15 --> 04:08:31 | all, if you could know those answers. Entries are the easiest thing, but you're sweating it. I need to know how to get in. No, you don't. You need to know how |
| 1429 | 04:08:31 --> 04:08:44 | to behave and how to manage yourself and your emotions and keep your psychology in a state of mind where you're not hopped up on goofballs and you're losing the |
| 1430 | 04:08:44 --> 04:08:53 | plot because you're making money, or be fearful of any little, tiny little retracement, thinking it's going to completely come black and knock you out. |
| 1431 | 04:08:54 --> 04:09:08 | That's a very hard stage in trading, like you have to tackle that stuff early on Caleb, because if you don't all the things that you do to try to prevent it |
| 1432 | 04:09:08 --> 04:09:17 | makes it materialize sooner and more frequently. Trying to avoid a losing trade only ensures that you're going to take a losing trade sooner and more |
| 1433 | 04:09:17 --> 04:09:27 | frequently, because you're going to wait too long to engage. You're not going to take it when it seems so overwhelmingly obvious, but it's going to be scary. The |
| 1434 | 04:09:27 --> 04:09:36 | right traits are always going to be the ones that you feel. I don't know it's too good to be true. Let me wait. And then it starts running off, and you chase |
| 1435 | 04:09:36 --> 04:09:44 | it, and you regret that you didn't get a good position, and you worry about not not getting in that good position when you felt it first to get in. And you're |
| 1436 | 04:09:44 --> 04:09:50 | not, you're not monitoring a trade. You're not watching the behaviors and signatures that price is still telling you it's still moving in your favor, and |
| 1437 | 04:09:51 --> 04:09:57 | then, because it starts spooling, and you've been spending so much time worrying about that, you didn't do it right and enter when you should have, and you |
| 1438 | 04:09:57 --> 04:10:07 | chased it, and yeah, you're in profit right now. But. You're making profit. You're changing your mindset from beating yourself up about chasing price and |
| 1439 | 04:10:07 --> 04:10:16 | not taking the entry mechanism that you look for, figure out you got an order block, whatever. And you switch over very abruptly to how much money you're |
| 1440 | 04:10:16 --> 04:10:26 | making, and you don't even refer back to why you took the trade, and now you're worried about, should I get out? Should I get out? If I hold on to it, it turns |
| 1441 | 04:10:26 --> 04:10:36 | around. So you're Are you doing the right thing? No. And that's all the things that would pop up if I was out here doing entries in every single day, every |
| 1442 | 04:10:36 --> 04:10:43 | single live stream. I'm not making excuses for not taking trades. I'm going to be trading in front of you, but I'm trying to explain to the people that think |
| 1443 | 04:10:43 --> 04:10:52 | they're going to try to use reverse psychology only. I already know it's going to be detrimental to you if I do it, that's exactly what's going to happen, |
| 1444 | 04:10:52 --> 04:11:01 | because you're going to tap into 30 years of experience. Even if you copied me, you're not going to get the same result, because as soon as you see any profit, |
| 1445 | 04:11:01 --> 04:11:13 | you're going to be scared of I'm going to scared that I'm going to be wrong in front of the world or the market maker is going to run on a stop, calm down, |
| 1446 | 04:11:13 --> 04:11:29 | where I get all turned into a two more hours. Let's just say this, we've had fun today. Okay, I've talked a lot, I've taught a lot, I've proved a lot. I've |
| 1447 | 04:11:29 --> 04:11:40 | challenged you and asked you, do you believe there's an algorithm that controls price, or do you believe that buying and selling pressure causes the |
| 1448 | 04:11:40 --> 04:11:52 | fluctuations to stop, dead in its fucking tracks, right here, dead in its fucking tracks, the randomness of buying and selling pressure, the randomness of |
| 1449 | 04:11:52 --> 04:12:10 | all of these trading disciplines. Elliott Wave, supply and demand. White golf point and figure. Andrews, pitchforks and Andrews. Midian lines, median lines, |
| 1450 | 04:12:13 --> 04:12:34 | shit harmonic patterns. Ratio trades. I animal patterns, butterflies, bats, Shark back patterns. How on Earth, with all of that Mickey Mouse level bullshit, |
| 1451 | 04:12:34 --> 04:12:48 | all those different disciplines of trading, and what makes the trade go up and down for you as a trader, how on earth it takes more faith to believe in all of |
| 1452 | 04:12:48 --> 04:12:59 | that shit giving the results of where price stops and turns on a dime, that all of those disciplines and all of the randomness. And think about the random ebb |
| 1453 | 04:12:59 --> 04:13:06 | and flow of how it feels when you're watching a live stream. I might say something that makes a really profound impact on your understanding, and then I |
| 1454 | 04:13:06 --> 04:13:17 | go off on a tangent, and I start ranting about something. You're like, fuck, would you get back on topic? ICT, I'm on topic, my topic. But then you get |
| 1455 | 04:13:17 --> 04:13:25 | offended by something I said, and then I may give you some more information. Okay? And then they're like, Wow, yeah, I'm glad I stayed. Almost turned off the |
| 1456 | 04:13:25 --> 04:13:32 | fucking live stream, but now I'm glad I stayed for that. At this made a whole lot of sense. I'm glad that. So what are you doing? You're having a random |
| 1457 | 04:13:32 --> 04:13:41 | fluctuation of where you feel good, then you want to turn the stream off, then you wishing you would have turned it off, but you stayed. And then you now |
| 1458 | 04:13:41 --> 04:13:41 | you're thinking, Oh, |
| 1459 | 04:13:41 --> 04:13:50 | I'm glad so that random, up and down, up and down. That's exactly what's going on every trader when you're watching price action, sometimes you're going to |
| 1460 | 04:13:50 --> 04:13:56 | follow their model. Sometimes they're not. Sometimes they're going to demand that trade setup gives them a little bit more confirmation, and then they'll |
| 1461 | 04:13:56 --> 04:14:06 | enter that's not them trading with that logic. They're randomly reacting to price. If you make any argument against that, you're full of fucking grade a |
| 1462 | 04:14:06 --> 04:14:15 | bullshit, because the human mind isn't going to be able to stick to the rules all the time. This is my shit, and I still try to finesse it. I ain't gonna hide |
| 1463 | 04:14:15 --> 04:14:24 | that. I still try to finesse it. I always try to outperform my stuff. I always try to predict them before they form, because I want to try to be in there at a |
| 1464 | 04:14:24 --> 04:14:33 | stellar level. I want to get in prices that are so fucking mind boggling, like, what the fuck how did you do that? That's what I'm addicted to. I'm addicted to |
| 1465 | 04:14:33 --> 04:14:42 | that moment of astonishment as a magician. That was what I fell in love with when I first started doing magic tricks as a young man, I loved it when people's |
| 1466 | 04:14:42 --> 04:14:56 | face would go, what that reality of that blur between did I just see? What I just thought I saw? That is why I studied magic, card tricks and slight of hand, |
| 1467 | 04:14:56 --> 04:15:09 | all that kind of stuff. And in trading, I want. To be the fucking best. I didn't want anybody say, yeah, you trade like no, no. People say, Wow, you're good. You |
| 1468 | 04:15:09 --> 04:15:20 | resemble what ICT does in history. I can tell you're one of his students, but they never say, ICT trades like it is just I trade like me. And that was that |
| 1469 | 04:15:20 --> 04:15:31 | was a goal for me. But if you're looking at these turns in price like this, and you're saying that the buying and selling pressure of everybody that's going to |
| 1470 | 04:15:31 --> 04:15:46 | be trading at that given minute, they all somehow fucking came to some conclusion that the amount of buying and selling has to exhaust itself right at |
| 1471 | 04:15:46 --> 04:15:57 | that level. It's the upper quadrant of our daily volume imbalance, after fulfilling a rebalance to the high of this fair value gap, which is a city, |
| 1472 | 04:16:00 --> 04:16:14 | really and it just happens to do the same shit here and here, and it just so happens to stop right here on this old New Day, opening gap high. It just so |
| 1473 | 04:16:14 --> 04:16:22 | happens to trade down through the constant encroachment of that over here, you're telling me you're gonna, you're gonna stand in a court and tell me, what |
| 1474 | 04:16:22 --> 04:16:35 | evidence do you have? What evidence do you bring that says with unequivocal it's without question, the effects of buying and selling random buying and selling |
| 1475 | 04:16:35 --> 04:16:50 | pressure with multiple mediums of why they're getting into a trade. You would fucking fail miserably doing that. But I can stand out here in front of you, in |
| 1476 | 04:16:50 --> 04:17:02 | front of a court, any court, and call this shit just like it is here. And what do you think any fucking jury would say? Wow, there's some That's some real |
| 1477 | 04:17:02 --> 04:17:15 | precision going on right there. Yep, sure is coded that way. It's absolutely coded that way. But see what happens is, when people that don't know how to |
| 1478 | 04:17:15 --> 04:17:28 | trade Kayla, what I'm protecting you from, you're gonna have trolls because you're my son, but you are going to have a lifestyle that they're never going to |
| 1479 | 04:17:28 --> 04:17:36 | have, and you're going to have it by your own hands, and you're going to earn it, and nobody's ever going to be able to say anything to you and it have it |
| 1480 | 04:17:36 --> 04:17:47 | stick, because you're earning it. I didn't give it to you. You're earning it, and I'm already proud that you're making this effort again. But when people try |
| 1481 | 04:17:47 --> 04:17:59 | to talk shit to other people, especially in our camp here, they don't like the fact that we're overconfident. They don't like the fact that we we will stand up |
| 1482 | 04:17:59 --> 04:18:05 | real quick and say they're full of shit and their stuff isn't really what makes the market go around. And we can come out here and do things like this, and |
| 1483 | 04:18:05 --> 04:18:11 | they're live streaming, and they're saying there's no way that the ES is going to go above the high because this, there's correlation. These markets are |
| 1484 | 04:18:11 --> 04:18:18 | correlated. That's the reason why it's going to go up there. See, right there, you've proven. Say to me that you don't know how market correlation has an |
| 1485 | 04:18:18 --> 04:18:27 | impact on price by saying anything, but that, well, that's what he's done. Live streamer says, No, there's no way ES is going to take the high out. And I'm |
| 1486 | 04:18:27 --> 04:18:41 | buying it. And it blows the lid off rally straight on up. Now, I could have went on that live stream and shit on him in his in his chat after he made a video |
| 1487 | 04:18:41 --> 04:18:51 | about me, but me and my private students, I had little ribbing with them. It was just them knowing that I took a trade and faded. But I do that with everybody, |
| 1488 | 04:18:53 --> 04:19:00 | and it's fun. I don't mean do mean spirited. It's just to reinforce it to my students who've already been convinced that there is an algorithm there |
| 1489 | 04:19:00 --> 04:19:09 | absolutely nobody's gonna convince them otherwise, but it's fun when you see other people out there that are just communicating that they have no real |
| 1490 | 04:19:09 --> 04:19:18 | understanding, and they're floundering, they're floundering, and they're saying whatever makes them feel fucking good, and it makes a perfect allowance for |
| 1491 | 04:19:19 --> 04:19:28 | their inability to be able To call price before it happens. The inability to know that they're gonna have a winning setup tomorrow, on next Monday, I know |
| 1492 | 04:19:28 --> 04:19:39 | I'm gonna have a winning setup between two o'clock and 2:30pm on Tuesday, on Thursday. Every fucking day, I know my trades gonna be there. I know it's gonna |
| 1493 | 04:19:39 --> 04:19:48 | be there. Can you say that with your fucking harmonic horse shit? Can you do that with your ratio patterns? Fuck no, you can't. You have to wait for your |
| 1494 | 04:19:48 --> 04:20:01 | indicators to paint this bullshit on your chart. I already know. I already know when the market is going to move. I already know that every. Fucking day. I know |
| 1495 | 04:20:01 --> 04:20:11 | when it's going to move. I have to be present when it's doing it. The risk has to be appropriate for me to enter the trade. The structure's got to imply that |
| 1496 | 04:20:11 --> 04:20:18 | this is clearly where they're going to draw to, because the market's already displaced. Caused the smoothness to go away in one side, and now they're going |
| 1497 | 04:20:18 --> 04:20:26 | to reach for the opposing liquidity, where it's already proven itself too smooth, relative equal high, relative equal low. That's not complicated, folks. |
| 1498 | 04:20:27 --> 04:20:42 | It's not complicated. So when you hear people talk about what we do here, it's entertaining, it's sad, because they're selling themselves short instead of |
| 1499 | 04:20:42 --> 04:20:51 | saying, you know, there's nonsense. There's no algorithm that controls price. Like I said, the invitations open, you're welcome to bring whatever Mickey Mouse |
| 1500 | 04:20:51 --> 04:21:02 | horseshit, okay? And call the market live, and I'll be out here doing what I'm doing. And I promise you, you will never be in the same neighborhood. We're just |
| 1501 | 04:21:02 --> 04:21:10 | easing into this. I haven't even pulled back the veil yet, like, wait till you fucking see. Wait, do you fucking see what I'm gonna be doing? You have no idea. |
| 1502 | 04:21:10 --> 04:21:20 | You have no idea jaws are gonna be fucking breaking. Okay? I'm telling you literally. You have no idea what you're about to see. And if you've been |
| 1503 | 04:21:20 --> 04:21:28 | impressed with this and fascinated with the intricate details about how it's behaving like this. This is nothing. This is nothing, |
| 1504 | 04:21:35 --> 04:21:44 | but you'll see all right, long goodbyes and all. That's how it is. I'm going to talk to you tomorrow, Lord willing, we'll start around nine o'clock, if I can |
| 1505 | 04:21:44 --> 04:21:55 | get everything set up in the stream works with me. OBS has been tickled with me trying to get to find my charts when I'm trying to set it up. But I'll talk to |
| 1506 | 04:21:55 --> 04:21:57 | you tomorrow. Lord willing, until then, be safe. You. |