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Last modified by Drunk Monkey on 2024-09-08 11:48
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2 |1 |00:00:59 ~-~-> 00:01:04 |ICT: Hi, folks, just a Real quick presentation here. I got asked, What's
3 |2 |00:01:04 ~-~-> 00:01:09 |the difference between Market Replay and am I really doing that? I basically I
4 |3 |00:01:09 ~-~-> 00:01:13 |teach with a paper trading account. You can see it down here, and this Market
5 |4 |00:01:13 ~-~-> 00:01:18 |Replay thing here, if you click on that, watch how these buttons disappear and
6 |5 |00:01:18 ~-~-> 00:01:25 |the separation between the time and the time access on the chart changes. Can
7 |6 |00:01:25 ~-~-> 00:01:32 |you see that now, if I were to do something like this, everything changes.
8 |7 |00:01:35 ~-~-> 00:01:41 |That's not what I do. The buy and sell buttons are down Here, they're no longer
9 |8 |00:01:41 ~-~-> 00:01:41 |up here. I
10 |9 |00:02:06 ~-~-> 00:02:08 |so you can see it's nothing like
11 |10 |00:02:16 ~-~-> 00:02:24 |my examples. Okay, so that's that.
12 |11 |00:02:30 ~-~-> 00:02:32 |Now contrast that with this. I'm
13 |12 |00:02:44 ~-~-> 00:02:45 |that's my entry.
14 |13 |00:02:56 ~-~-> 00:03:00 |NASA, me taking profits as a partial. I Yeah,
15 |14 |00:03:09 ~-~-> 00:03:14 |so we're live streaming it. It's not pre recorded. And that's the difference
16 |15 |00:03:14 ~-~-> 00:03:20 |between Market Replay and actually executing over live price action. I I
17 |16 |00:03:20 ~-~-> 00:03:24 |understand that. You know some of you just don't want to accept it, but the
18 |17 |00:03:24 ~-~-> 00:03:28 |lady that asked for me to show the difference between the two, hopefully
19 |18 |00:03:28 ~-~-> 00:03:33 |you can see that when I'm buying and selling entering with the hot buttons
20 |19 |00:03:33 ~-~-> 00:03:38 |over here, that's to prove to you that we're not using this market replay,
21 |20 |00:03:39 ~-~-> 00:03:44 |because as soon as you start doing this stuff down here, bang, they go away. And
22 |21 |00:03:44 ~-~-> 00:03:48 |the Live button that usually sits here, it says that the market's open. I can't
23 |22 |00:03:48 ~-~-> 00:03:54 |do that here now, so if I could turn it off, it comes back. And that's why I
24 |23 |00:03:54 ~-~-> 00:03:58 |highlight this right here, and then I hover over top of it, because that's
25 |24 |00:03:58 ~-~-> 00:04:04 |live price feed. You can't use that when it's a market replay. So I'm not trying
26 |25 |00:04:04 ~-~-> 00:04:09 |to trick anybody with Market Replay. For the folks that have in the past said
27 |26 |00:04:10 ~-~-> 00:04:15 |it's easy to do with Market Replay, well, you do it like I'm showing you.
28 |27 |00:04:16 ~-~-> 00:04:19 |And for the other folks that say, Hey, look, can you do this in a funded
29 |28 |00:04:19 ~-~-> 00:04:25 |account company? I'm averaging around 20,000 to $35,000 every single day I'm
30 |29 |00:04:25 ~-~-> 00:04:29 |executing so my question to you is, if I did that with 20 accounts, how long do
31 |30 |00:04:29 ~-~-> 00:04:32 |you think those businesses would stay open because they could not afford to
32 |31 |00:04:32 ~-~-> 00:04:39 |pay me two and a half to $5 million per week. Think about it. You want me to
33 |32 |00:04:39 ~-~-> 00:04:47 |take your candy stores away from you. You'll all hate me then. So anyway, I
34 |33 |00:04:47 ~-~-> 00:04:53 |have the remainder to see if we can reach up here and swipe that 19,006 9425
35 |34 |00:04:54 ~-~-> 00:05:00 |level. It's a quadruple top. I've already booked the example here. So that
36 |35 |00:05:00 ~-~-> 00:05:03 |we can see it, but the stop I'll leave down here if it comes back and stops me,
37 |36 |00:05:03 ~-~-> 00:05:07 |not while I'm having cookout today. So be it. But you got to you had a chance
38 |37 |00:05:07 ~-~-> 00:05:15 |to see the difference between Market Replay and a real, live execution. So
39 |38 |00:05:15 ~-~-> 00:05:19 |no, I do not use Market Replay in any of my examples. You saw difference the
40 |39 |00:05:19 ~-~-> 00:05:23 |whole screen shown here. And I can't make any plan on that. The only reason
41 |40 |00:05:23 ~-~-> 00:05:26 |why I showed it is because the lady was very respectful in the way she asked it.
42 |41 |00:05:33 ~-~-> 00:05:33 |Unknown: I.