ICT YT - 2024-09-04 - ICT 2024 Mentorship - Lecture 22

Last modified by Drunk Monkey on 2024-09-08 11:49

1	00:02:22 --> 00:02:23	ICT: Good Morning, folks.
2	00:02:30 --> 00:02:44	Happy Hump Day. You see that the old commercial deck I come Don't do alright.
3	00:02:44 --> 00:02:52	So hope you're all doing well. I'm a little lethargic today. You ever had
4	00:02:52 --> 00:02:55	those lazy days you just don't want to go to bed? The weather's starting to
5	00:02:55 --> 00:03:02	change here. It's getting cooler. I love it. So we are looking at, if everything
6	00:03:02 --> 00:03:10	is copacetic, I should be seeing a 15 minute time frame of the Bitcoin. And
7	00:03:10 --> 00:03:18	we're we're all in long bitcoin is Ray the moon today. And oops, I'm sorry, I'm
8	00:03:18 --> 00:03:23	looking at the the NASDAQ. I don't do anything with crypto, but just want to
9	00:03:23 --> 00:03:30	make sure you're paying attention. Alright, so we had, I got one little
10	00:03:30 --> 00:03:35	artifact left. Let me get that over there. Like to keep this previous day
11	00:03:35 --> 00:03:38	stuff off my chart. They're on my notepad, but they're not supposed to be
12	00:03:38 --> 00:03:42	on the chart. They're supposed to be on your chart if you need them. So we're
13	00:03:42 --> 00:03:51	just ranging between the August 13, 2024, daily fair value gap. Hi, shown
14	00:03:51 --> 00:03:58	here, if you watch the presentation on my YouTube yesterday, that was a
15	00:03:58 --> 00:04:05	recorded not I'm sorry. On my son's YouTube channel, which I linked on my
16	00:04:05 --> 00:04:10	community post, I got a lot of questions, obviously asking, you know,
17	00:04:11 --> 00:04:17	Where's, where's Caleb in it. Caleb's learning how to be able to talk with me
18	00:04:17 --> 00:04:21	about what it is I'm showing him. If I talk about everything, I'm annotating on
19	00:04:21 --> 00:04:24	the chart, and I say, do you see that? Do you understand that? And him just
20	00:04:24 --> 00:04:29	simply doing caveman grunts like or, Yes, sir, that's not really that
21	00:04:29 --> 00:04:34	engaging. So I want to get through the content to get him up to speed, not as
22	00:04:34 --> 00:04:41	fast, but as reasonable in terms of time. So like I said, he is not a rocket
23	00:04:41 --> 00:04:46	scientist when it comes to trading, he's got to learn the same thing you do in
24	00:04:46 --> 00:04:51	the language and whatnot. So I'm exposing him to seeing the over and over
25	00:04:51 --> 00:04:55	repeating phenomenon and how to also journal. So that's what his channel will
26	00:04:55 --> 00:05:02	be like for the first couple weeks. But he'll. In there, jaw burning with me,
27	00:05:02 --> 00:05:07	but there's a lot of folks even saying, you know, why is ICT just talking? It's
28	00:05:07 --> 00:05:13	supposed to be a sun channel. It is, and he's being trained by me. So you're
29	00:05:13 --> 00:05:16	getting the lectures, as it would be if it was just him and I sit next to each
30	00:05:16 --> 00:05:24	other. So anyway, we're into between August 13 daily fair value gap high, and
31	00:05:24 --> 00:05:30	it's consequent encroachment. Midpoint in here is the low of that. And we are
32	00:05:30 --> 00:05:38	now two, almost two and a half minutes into the opening. We have a very large
33	00:05:39 --> 00:05:48	discount gap. So we'll look at that when we're trading hours. See that here. So
34	00:05:48 --> 00:05:51	there are rather large opening range gap we're
35	00:06:07 --> 00:06:19	okay and go back down to electronic trading hours now and the daily chart
36	00:06:22 --> 00:06:34	that is the fair value cat here showed this on the markup yesterday on Caleb's
37	00:06:34 --> 00:06:37	channel. If you don't know what his channel is, there's a couple people out
38	00:06:37 --> 00:06:41	there trying to pretend to be him. Obviously, it's, I think he's got like
39	00:06:41 --> 00:06:47	24,000 followers now on his channel, and there's only two videos, and I'm the one
40	00:06:47 --> 00:06:54	talking on them, but I always will link his most recent video on my community
41	00:06:54 --> 00:06:59	post on my YouTube channel. So the fairway gap here on the 13th of August,
42	00:06:59 --> 00:07:03	that's what's being highlighted with this candle sticks low as it's high.
43	00:07:03 --> 00:07:07	This candle sticks high as it's low. And the midpoint right there for that fair
44	00:07:07 --> 00:07:11	value gap, this is a buy side and balance outside efficiency, and then
45	00:07:11 --> 00:07:18	back down into a tenant time frame. I have Tuesdays, September 3, daily low
46	00:07:18 --> 00:07:28	noted. So we're working around that as well. For your notes, Caleb, you need to
47	00:07:28 --> 00:07:32	be making sure that you are aware that after very large ranges, whether the
48	00:07:32 --> 00:07:40	updates or down days, whenever there is a large range, day previous to the new
49	00:07:40 --> 00:07:43	day starting like right now. We're looking at a new day trading the am
50	00:07:43 --> 00:07:48	session. It's better for you to sit on your hands and not do anything
51	00:07:48 --> 00:07:51	initially, until you get more experience. Obviously, you can trade
52	00:07:51 --> 00:07:54	them after you understand a little bit better what it is you're trying to do.
53	00:07:54 --> 00:07:58	But initially I tell my students not to try to trade the morning session after a
54	00:07:58 --> 00:08:02	large range day, because it could be fickle. Fickle is where the market is
55	00:08:02 --> 00:08:06	basically doing things like this, back and forth, back and forth, and it's not
56	00:08:06 --> 00:08:13	all that engaging. It can be, but it's typically not the case. And while you're
57	00:08:13 --> 00:08:16	learning, you don't want to discover that you don't have as much experience
58	00:08:16 --> 00:08:20	as you thought you did. Trying to trade on after a large range day, it's better
59	00:08:20 --> 00:08:26	to trade in the afternoon session. You probably think, why didn't you last year
60	00:08:26 --> 00:08:35	in the afternoon session? Because I have a life. All right. So we are looking at
61	00:08:35 --> 00:08:44	a 15 minute time frame. We have a little bit of an inefficiency right up in here,
62	00:08:44 --> 00:08:48	and it goes to the opening range, mid point, or that consequent encroachment,
63	00:08:48 --> 00:08:53	so that level right there, okay, that line, so we can drop into a five real
64	00:08:53 --> 00:08:59	quick. I would have liked to seen that get cleaned up a little bit before it
65	00:08:59 --> 00:09:00	did this, But that's okay.
66	00:09:12 --> 00:09:14	Can mid, mid gap is here. I
67	00:09:29 --> 00:09:44	first presentation is here. So it's your first Fairbank out there you and I'm
68	00:09:44 --> 00:09:51	only going to hang out with you guys until around 1030 today. Okay, so not
69	00:09:51 --> 00:10:01	too much candy. I'm going to take that midline off. I'm. It's a little
70	00:10:01 --> 00:10:03	distracting for me. You can always keep it on yours.
71	00:10:09 --> 00:10:16	And we have the end dog for today up at 18,009 93 and three quarters. 18,009 89
72	00:10:17 --> 00:10:22	and three quarters respectively. Here. So I'd like to see it trade to mid gap,
73	00:10:24 --> 00:10:28	and then maybe explore a return back into here, if it leaves the upper
74	00:10:28 --> 00:10:34	portion above and open between here and here, and starts to roll over, and we
75	00:10:34 --> 00:10:41	take out the low formed in the opening range, we might get down into the August
76	00:10:41 --> 00:10:49	13 fair value gap, low that level down here. So just keeping it relaxed this
77	00:10:49 --> 00:10:53	morning, not trying to be too hard pressed on what I want to see. In other
78	00:10:53 --> 00:10:57	words, I'm not trying to push a button in front of you and try to push a
79	00:10:57 --> 00:11:01	narrative right now and just exploring both sides of it. Today we've taken by
80	00:11:01 --> 00:11:08	side here, initially traded down into the low of the Fairbank. Up here, you
81	00:11:09 --> 00:11:14	can see there's a volume imbalance there, but that naturally gets worked
82	00:11:14 --> 00:11:17	out because of the candlesticks high right there. We
83	00:11:24 --> 00:11:26	Poppy ICT,
84	00:11:31 --> 00:11:36	all right, so because we've taken buy side here now we have a little bit of
85	00:11:37 --> 00:11:43	South sides layered up in here. Nice and concise right there, so we could see it
86	00:11:44 --> 00:11:50	with down below that, maybe attack the consequent encroachment again on that
87	00:11:50 --> 00:12:01	August 13 daily fair value gap, back inside of the first presentation of the
88	00:12:01 --> 00:12:16	fairway gap opening range defined by 930 here to 10 o'clock. Okay, anything other
89	00:12:16 --> 00:12:21	than that is just someone telling you a gimmick that's this is what the
90	00:12:21 --> 00:12:26	algorithm refers to. You'll see it. If you study it, you'll see it's always
91	00:12:26 --> 00:12:30	implementing the information you're getting in that first 30 minutes.
92	00:12:30 --> 00:12:35	Sometimes a trade sets up. Sometimes the trade is after this, but you're
93	00:12:35 --> 00:12:39	affording yourself the opportunity to at least study and seek that first fair
94	00:12:39 --> 00:12:45	value gap on Trending days, you only get one chance with these, and it just keeps
95	00:12:45 --> 00:12:51	on ripping, going one way or the other. Any day that's not a non trending day,
96	00:12:51 --> 00:12:55	you'll you'll get several instances where it wants to come back to it offer
97	00:12:55 --> 00:13:08	a trade or a target. Okay, not here. See what it's done here. The body is outside
98	00:13:08 --> 00:13:12	that fair value gap right there. And that is classic. This is the reason why,
99	00:13:12 --> 00:13:16	I tell you, sit still, Caleb, don't do anything or hold yourself to a high
100	00:13:16 --> 00:13:22	expectation. On morning sessions. After a large range day numbers, we had a
101	00:13:22 --> 00:13:27	really big candlestick on the daily chart yesterday, so the morning sessions
102	00:13:27 --> 00:13:34	can have a little bit of distortion where the setups may not be as crisp,
103	00:13:34 --> 00:13:38	they may not be as clean, they may not be as obvious to you, because your
104	00:13:38 --> 00:13:41	experience level is not sufficient enough. And that's the reason why I
105	00:13:41 --> 00:13:44	teach this way. It's not that you can't find setups, not that I can't find a
106	00:13:44 --> 00:13:48	setup. It just means that, you know, while you're learning, it's important to
107	00:13:48 --> 00:13:55	try to, you know, give yourself flexibility and don't demand so much. On
108	00:13:55 --> 00:14:00	a day after a large range day, it could create another continuation of a large
109	00:14:00 --> 00:14:06	range day the next day. But in my experience, it's a little bit cleaner in
110	00:14:06 --> 00:14:10	the afternoon because it's like, oh well, we've done enough damage for
111	00:14:10 --> 00:14:15	people to want to participate. In other words, everybody seen it was a down day
112	00:14:15 --> 00:14:21	yesterday. So the logical perspective for the people that are always coming to
113	00:14:21 --> 00:14:26	the market late is they'll want to go short right at the open and if they do
114	00:14:26 --> 00:14:32	that, it generally is like engineering liquidity to be ran on for for buy side,
115	00:14:33 --> 00:14:37	not always, but generally that's kind of like the ML. So
116	00:14:46 --> 00:14:49	a point in saying that is usually the bodies will stay inside the Fairbank
117	00:14:49 --> 00:14:54	gap, which is what I'd like to see, because it's the day after a large range
118	00:14:54 --> 00:14:58	day, it can be a little bit fuzzy color outside the lines a little bit more, and
119	00:14:58 --> 00:15:02	it could cause confusion. Action. It could cause doubt, it can make you
120	00:15:02 --> 00:15:07	second guess, or it may cause you to have no real convictions to buy or sell.
121	00:15:08 --> 00:15:12	So it just it's better for you in the beginning, Caleb, to just sit still and
122	00:15:12 --> 00:15:17	just observe. Now we're back to Tuesday's daily low again in here,
123	00:15:21 --> 00:15:31	again. And mid. Mid gap is here, 70% Sam, 70% of time between 930 and 10
124	00:15:31 --> 00:15:33	o'clock. That level is usually treated to I.
125	00:15:40 --> 00:15:48	You want to screenshot that.
126	00:15:56 --> 00:16:01	Okay, so you want to see how in your notes, you want to log this event where
127	00:16:01 --> 00:16:08	it traded back to mid gap. So there's a 70% strike rate of the mid gap getting
128	00:16:08 --> 00:16:16	traded to first presentation, fair value gap. And the key takeaway is note how
129	00:16:16 --> 00:16:23	distorted this one is. Okay, this is classic after a large range day. Now, if
130	00:16:23 --> 00:16:27	it wasn't a large range day yesterday, again, then we're looking for end dog up
131	00:16:27 --> 00:16:36	here. If it weren't a large range day yesterday, this tends to be more uni
132	00:16:36 --> 00:16:42	uniform, and it stays in respect. Now, the wicks can come outside of that fair
133	00:16:42 --> 00:16:48	value gap, but the bodies tend to be more respective to the range defining
134	00:16:48 --> 00:16:52	the low and the high. In this case, if we're looking for a gap to come back up
135	00:16:52 --> 00:16:56	and to touch the midpoint, which is always the case, we're going into that
136	00:16:56 --> 00:17:02	if there's a large range gap, that Gap's lower, like we have here, where we
137	00:17:02 --> 00:17:06	opened up lower than where we settled yesterday. At settlement, we have a
138	00:17:06 --> 00:17:10	discount gap. That means it's more likely to trade up seeking some measure
139	00:17:10 --> 00:17:18	of buy side. And then, if you have the fair value gap here form, after a large
140	00:17:18 --> 00:17:24	range day, it can act a little muddy like this, okay? And this is not
141	00:17:24 --> 00:17:29	something that indicates that they're changing the algorithm. It doesn't mean
142	00:17:29 --> 00:17:35	that they're out there doing traps on SMC. That is silly. That's that's people
143	00:17:35 --> 00:17:37	talking about things they don't understand because he trying to get you
144	00:17:37 --> 00:17:41	to buy their course. Okay, uh, does it look like I'm getting trapped? Looks
145	00:17:41 --> 00:17:46	like I'm smashing everything, doesn't it look looks like precision brain surgery
146	00:17:46 --> 00:17:51	in here, right? So, so there's no traps in SMC, there's no, there's no none of
147	00:17:51 --> 00:17:56	that stuff I'm proving every single day. My students are growing in their
148	00:17:56 --> 00:18:01	understanding. And I love the fact that the the comment sections like really
149	00:18:01 --> 00:18:05	positive, which is encouragement to me, because usually I'm talking to Caleb,
150	00:18:05 --> 00:18:11	it's like, Uh huh. And he, he struggles with some of the things, because it's,
151	00:18:11 --> 00:18:17	you know, it's very boring. It's very boring and dry. And he's never been like
152	00:18:17 --> 00:18:20	a strong, academic child. And I can say that about my son, because I love him,
153	00:18:20 --> 00:18:24	and it's the truth. So he he's not looking at this stuff and saying, This
154	00:18:24 --> 00:18:28	is really easy dad, but he can see fair value gaps. So that's the reason why I
155	00:18:28 --> 00:18:31	like to use this, because I've talked about other things in the past, and it's
156	00:18:31 --> 00:18:35	just like deer in headlights. So I'm focusing on the fair value gap, not
157	00:18:35 --> 00:18:40	because the fair value gap is the best PD array I have, because it isn't the
158	00:18:40 --> 00:18:44	best ones you'll never learn, but the fair value gap is the one that's
159	00:18:44 --> 00:18:48	obvious. It's obvious. You can see it. They think they can't hide it obviously.
160	00:18:49 --> 00:18:52	And then when you add to elements to it, like, you know, the first 30 minutes,
161	00:18:52 --> 00:18:55	which is the real opening range, the algorithm will see that first
162	00:18:55 --> 00:19:01	inefficiency right here. And while it does color outside the lines a little
163	00:19:01 --> 00:19:04	bit for the students that have been with me longer than just today or yesterday
164	00:19:04 --> 00:19:10	or just in the 2024 mentorship, invariably, you'll hear people say, Oh,
165	00:19:10 --> 00:19:16	he's, he's farm fitting. He's, he's making it fit for this individual
166	00:19:16 --> 00:19:20	circumstance. But they have always heard me, and you can hear it in the core
167	00:19:20 --> 00:19:25	content in the 2016 2017 mentorship, where I talk about trading after large
168	00:19:25 --> 00:19:29	Range Days, you want to sit still in the morning session, the high probability
169	00:19:29 --> 00:19:33	setups will be in the afternoon. And if you are more inclined, because of your
170	00:19:33 --> 00:19:36	experience level, afford you to do it. You can trade a morning session,
171	00:19:36 --> 00:19:42	obviously, but you have to be more versed on what it is that's going to
172	00:19:42 --> 00:19:47	most likely happen for you that goes, you know, takes you into tilt, in other
173	00:19:47 --> 00:19:50	words, where you're going to go and start going back and forth, buying and
174	00:19:50 --> 00:19:54	selling, buying and selling. And that's usually what I have seen with students
175	00:19:54 --> 00:19:59	that try to trade even with my concepts, if they're too premature with their
176	00:19:59 --> 00:20:02	understanding. NH, I think just get out there and try to trade because they want
177	00:20:02 --> 00:20:06	to do something I'd like to see make an attempt to get through here and get the
178	00:20:06 --> 00:20:13	end dog. They end up hurting themselves, not financially, because they're well,
179	00:20:13 --> 00:20:16	some of them have because they trade with real money before they know what
180	00:20:16 --> 00:20:20	they're doing when they over leverage and they over trade. So they try to do
181	00:20:20 --> 00:20:25	too much. So by having rules like this and having protocols, it helps, at least
182	00:20:25 --> 00:20:29	in my opinion, it's the best thing I can do as an educator, is to remind you that
183	00:20:29 --> 00:20:33	there are risks, and if you don't follow and appreciate those risks, just because
184	00:20:33 --> 00:20:37	my concepts look really, really good in my hands and my other students that are
185	00:20:37 --> 00:20:40	proving that they're being profitable with them, doesn't mean out the gate,
186	00:20:40 --> 00:20:43	you're going to be able to do that without any adversities. So it's why
187	00:20:43 --> 00:20:48	it's important for the first six months to a year, you have to have very, very
188	00:20:48 --> 00:20:51	low expectations on yourself, and that way, every time you get a milestone in
189	00:20:51 --> 00:20:56	your development, it needs to be cheerleaded. It needs to be celebrated,
190	00:20:56 --> 00:21:00	you know, not online with social media, but in your journal and so on you can
191	00:21:00 --> 00:21:04	confide in. Okay? It's better. It's better that it's not your spouse or your
192	00:21:04 --> 00:21:10	significant other, because money usually is a problem for relationships, and
193	00:21:10 --> 00:21:14	they're not going to see it the same way you are. And these small, little micro
194	00:21:14 --> 00:21:19	advances in your understanding, they're huge. They're huge in the beginning, and
195	00:21:19 --> 00:21:24	you really want to encapsulate that in your journal, but someone that may be a
196	00:21:24 --> 00:21:30	fellow student, maybe online, if you are in different circles, where they're
197	00:21:30 --> 00:21:34	using the content whatever, it's encouragement to see like minded
198	00:21:34 --> 00:21:37	individuals, you bounce ideas off and whatnot, but not for sake of
199	00:21:37 --> 00:21:40	competition, because that's that's the worst thing you can do, is have a
200	00:21:40 --> 00:21:48	competitive mindset while you're learning. So what I'm watching here is
201	00:21:48 --> 00:21:52	the spot side of balance, cell sign and efficiency, and I'm looking at where we
202	00:21:52 --> 00:21:58	are in relationship to the middle of that. I got all my extensions on here.
203	00:21:58 --> 00:22:03	Get that one. Here's the opportunity for your screenshot. My secret Fibonacci
204	00:22:03 --> 00:22:07	settings. Don't tell anybody these settings. If you tell them these
205	00:22:07 --> 00:22:10	settings, they're going to change the algo, and then I'm out of business.
206	00:22:10 --> 00:22:17	Can't, can't have that. Okay. So here is consequent encroachment. It's the middle
207	00:22:17 --> 00:22:25	of the range defined by this candle as well, and that candle sticks high. Okay,
208	00:22:25 --> 00:22:30	so if it's bullish, if it wants to get up to the end dog, it's better if it
209	00:22:30 --> 00:22:32	doesn't come back and touch the midpoint down here. How
210	00:22:40 --> 00:22:46	many cuss words have I said today? Told you, I told you, it's just a character.
211	00:22:47 --> 00:22:57	Get people talking. Master of Marketing. O, i c t, what are we gonna do with you?
212	00:22:58 --> 00:23:09	Love me. I know you do alright. So again, post large Range Days. That means
213	00:23:09 --> 00:23:14	you're defining that on the basis of a daily chart. Obviously, your daily chart
214	00:23:14 --> 00:23:19	for NQ is most likely going to show a very large down close candle for
215	00:23:19 --> 00:23:25	yesterday, as it should, because it was a large range day. Two things we have to
216	00:23:25 --> 00:23:32	understand. It closed on a low, so it's bearish, and then the public is going to
217	00:23:32 --> 00:23:38	want to go in the very next day. You want to screenshot that. By the way,
218	00:23:38 --> 00:23:43	Caleb, when you're when you're watching the charts like this, you're going to
219	00:23:43 --> 00:23:49	hold down function and tap the shift key for your your laptop, and that way
220	00:23:49 --> 00:23:54	you'll you'll be able to capture it. Trading view has a little function in
221	00:23:54 --> 00:23:59	the upper right hand corner. It has like a little camera. I don't really like
222	00:23:59 --> 00:24:03	that one, because it kind of like squishes the chart down. And I like to
223	00:24:03 --> 00:24:07	have my charts as you, as you can see when I'm doing the markups. I like to
224	00:24:07 --> 00:24:13	have as much of the real estate on the on the chart that's afforded to me,
225	00:24:13 --> 00:24:18	because I want to have the candles large and broad enough where you can really
226	00:24:18 --> 00:24:22	appreciate the bodies and pick out where the opens and closes are, like, like,
227	00:24:22 --> 00:24:29	that's a real nice perspective, like that. Okay, so when you're in the the
228	00:24:30 --> 00:24:35	process of trading, or, like most of you right now are trying to learn how to do
229	00:24:35 --> 00:24:41	this, you don't want to be in here trying to do things, like, I gotta be in
230	00:24:41 --> 00:24:45	here pushing the button or demo trading, because I have to see some kind of
231	00:24:45 --> 00:24:51	results. When you journal and you're taking pictures and screenshots of
232	00:24:51 --> 00:24:54	things that are repeating, especially from things like when I'm doing them a
233	00:24:54 --> 00:24:59	live streams like this, it gives you context. Okay, imagine if you didn't
234	00:24:59 --> 00:25:04	have. Got the understanding of my new do opening gap. Imagine if you didn't have
235	00:25:04 --> 00:25:09	the understanding of the opening range, which is the 30 minutes after opening
236	00:25:09 --> 00:25:13	bell to 10 o'clock. Imagine if you didn't have the rule I gave you that 70%
237	00:25:14 --> 00:25:19	of the time, the algorithm will reprice to half the gap between 930 and 10
238	00:25:19 --> 00:25:25	o'clock. And imagine that you didn't get taught, not just this lecture, but all
239	00:25:25 --> 00:25:32	throughout the the discussion about how retail, you know, street money versus a
240	00:25:32 --> 00:25:36	smart money's perspective. When there's an arm wrestling match between those two
241	00:25:36 --> 00:25:40	categories of traders or mindsets, street money is going to fall victim
242	00:25:40 --> 00:25:44	every single time, every single time they're going to fall victim to it, and
243	00:25:44 --> 00:25:48	it's because they're trying. They're chasing impulsive natures and
244	00:25:48 --> 00:25:54	tendencies, meaning that yesterday they saw a big down day. And while I cannot
245	00:25:54 --> 00:25:59	trade with my students, you know, expecting me to walk the walk as I as I
246	00:25:59 --> 00:26:05	talk it, when I do the lectures that say after holiday, you want to sit still in
247	00:26:05 --> 00:26:10	the morning session? Well, ICT, sounds like you never take a trade. Clearly,
248	00:26:10 --> 00:26:16	you can see I can execute. Just look at the examples I'm showing you. That's not
249	00:26:16 --> 00:26:21	to you know, to say that you can't trade in the morning session after a holiday.
250	00:26:21 --> 00:26:27	I'm taking a great deal of caution, because I respect the role that you're
251	00:26:27 --> 00:26:32	holding me to as an educator, as a teacher, as a mentor, a teacher or a
252	00:26:32 --> 00:26:39	mentor that's worth his weight or her weight. And insult I'm I'm trying to
253	00:26:39 --> 00:26:45	give you all the advantages and remove all of the problem, things that I
254	00:26:45 --> 00:26:50	endured painfully. So I lost fortunes learning how to do this before I got
255	00:26:50 --> 00:26:54	good, I lost fortunes, more money than probably most of you will ever make in
256	00:26:54 --> 00:26:57	your lifetime. You would have quit. Nobody would have went through what I
257	00:26:57 --> 00:27:03	was willing to go through. But because I teach this way, it affords you the
258	00:27:03 --> 00:27:09	luxuries of comfort and safety from the sidelines, and you can watch, observe.
259	00:27:09 --> 00:27:13	Do these rules work in a manner that would have protected me if I wouldn't
260	00:27:13 --> 00:27:18	have listened to them? Sometimes, there's been instances where I'll say,
261	00:27:20 --> 00:27:25	remember, it's a holiday, so we're going to sit still on the following day. Don't
262	00:27:25 --> 00:27:30	trade. You know, don't trade the morning session. Obviously, the the continuation
263	00:27:30 --> 00:27:34	of that thought process is you can always trade the afternoon session. And
264	00:27:34 --> 00:27:37	you saw me do that yesterday, and I teach, and I have taught the time
265	00:27:37 --> 00:27:42	aspects of the pm session. It begins at 1:30pm Eastern Time. That means you can
266	00:27:42 --> 00:27:46	start looking for a setup then. And then you have the understanding of the two
267	00:27:46 --> 00:27:51	o'clock macro, which is 150 to 210 then you can see how the market wants to
268	00:27:51 --> 00:27:56	continue with its kind of like atmosphere of going lower yesterday. And
269	00:27:56 --> 00:28:06	while I don't have the the opportunity to say, Look at me. I'm short. From the
270	00:28:06 --> 00:28:11	open yesterday. Could I have done it inside the daily imbalance, where it
271	00:28:11 --> 00:28:14	went back and hit consequent version, that's where my entry would have been.
272	00:28:14 --> 00:28:17	And if you don't know I'm talking, watch the video. I'll put it on my son's
273	00:28:17 --> 00:28:22	YouTube channel. That would have been my entry for the morning session, and then
274	00:28:22 --> 00:28:25	holding on to it. Now I probably would have had probably two or three contracts
275	00:28:26 --> 00:28:30	rolling into the 130 time period, and then I had to weigh out whether I wanted
276	00:28:30 --> 00:28:34	to do anything else. In addition to that, that's how I would have handled
277	00:28:34 --> 00:28:38	it. Now, when I talk like that, folks that don't know me, they don't know what
278	00:28:38 --> 00:28:42	I'm teaching. They don't see the ability that I can show my executions and my the
279	00:28:42 --> 00:28:47	logic that I call for specific levels, and when the date and the time and the
280	00:28:47 --> 00:28:50	setup is there, then I'll engage it. And then you get to see, you know, precision
281	00:28:50 --> 00:28:57	elements again, like yesterday's trade. But if you're not versed or used to
282	00:28:57 --> 00:29:01	seeing the things that I do, very consistently, very precise, it just
283	00:29:01 --> 00:29:04	seems like, wow, he just said he would have done something, but you didn't do
284	00:29:04 --> 00:29:10	it, bro. And I know there's new students. There's new people coming in
285	00:29:10 --> 00:29:13	here all the time, and you're really selling yourself short, if you hold that
286	00:29:13 --> 00:29:19	mindset. And some of my best students were ones that actually doubted me, the
287	00:29:19 --> 00:29:24	ones that had, you know, real stiff criticisms of me, and because they were
288	00:29:24 --> 00:29:29	much more convicted in their stance against what it is I teach. There is no
289	00:29:29 --> 00:29:34	algorithm. It's, you know, it's spelling its own pressure. There's no proof of
290	00:29:34 --> 00:29:38	execution. There's no this, there's no that. And then finally, when they went
291	00:29:38 --> 00:29:41	through the process of just saying, I'm going to go in and see if it can be
292	00:29:41 --> 00:29:44	proven wrong. I'm going to prove him wrong. That's the that's the trap.
293	00:29:44 --> 00:29:49	That's the smart money concept. Trap is I'm causing people to doubt enough to
294	00:29:49 --> 00:29:52	come into it and try to debunk it. And when they go through the process
295	00:29:52 --> 00:29:56	correctly, they become converted, and they can't see the market any other way,
296	00:29:56 --> 00:29:58	and they have a better perspective on reading price action, which is my
297	00:29:58 --> 00:30:01	intended purpose here. Like, I'm not trying to be smarter than everybody
298	00:30:01 --> 00:30:06	else. I'm not trying to be the most popular one. I'm just trying to teach
299	00:30:06 --> 00:30:10	you the stuff that works, because I know if you do it the right way, it stands a
300	00:30:10 --> 00:30:20	better chance that you'll find success doing it. But here we've had a couple
301	00:30:20 --> 00:30:26	things happen. We have had the market open at 930 we have small little drop
302	00:30:26 --> 00:30:31	down. And then rally dot created the first Fairbank gap here, shaded in, like
303	00:30:33 --> 00:30:47	mid gap. We saw it trade too, this level here, and 70% of time you're going to
304	00:30:47 --> 00:30:51	see that, that is when we're opening the lower like we did here from yesterday's
305	00:30:51 --> 00:30:56	settlement price. Let me go one more time back to record trading hours. So
306	00:30:56 --> 00:31:01	here's the previous settlement price. Here, it's the close, and this is the
307	00:31:01 --> 00:31:05	opening price down here. Since this is a small little up close candle here, it's
308	00:31:05 --> 00:31:11	the open as the first traded price at 930 and where we settled or where we
309	00:31:11 --> 00:31:15	stopped trading, when you're using regular trading hours on your chart down
310	00:31:15 --> 00:31:22	here. I'm not an affiliate with trading view. I'm not trying to get you to buy
311	00:31:22 --> 00:31:28	or purchase anything from them, but I don't know what plan that trading View
312	00:31:28 --> 00:31:31	offers. It allows you I don't like I said. I don't even I buy the biggest
313	00:31:32 --> 00:31:37	program. I don't get it for free. I pay for it. I paid several years worth of
314	00:31:37 --> 00:31:42	it. So I don't have any kind of direct connection with them. This is the
315	00:31:42 --> 00:31:47	platform that my community said I should use when we left. MT four, MT five. I
316	00:31:47 --> 00:31:54	never wanted to use it, but regular trading hours just toggled here. And for
317	00:31:54 --> 00:31:59	you to get the opening range gap, you're going to go back to the closing price on
318	00:31:59 --> 00:32:05	the previous day, and we open down here. So this is a discount opening range gap.
319	00:32:05 --> 00:32:09	That means we opened lower than the previous settlement price. If we were to
320	00:32:09 --> 00:32:13	gap open higher than that price, that means we are a premium opening range
321	00:32:13 --> 00:32:20	gap. And you want to know the midpoint, which is this here, that middle line
322	00:32:21 --> 00:32:28	that defines where 70% of the time the market will trade back up into it now
323	00:32:28 --> 00:32:33	yesterday, if you can give me a moment now See if I can take us back to that I
324	00:32:45 --> 00:32:49	as the volume of balance on the daily chart. And here's the opening range
325	00:32:49 --> 00:32:55	yesterday. Same premise, previous days settlement, we opened down here, and
326	00:32:55 --> 00:32:59	that little tiny wick right there was all that it mustered to get into the
327	00:32:59 --> 00:33:03	opening range gap. So it never even went back to halfway. It didn't even go up to
328	00:33:03 --> 00:33:10	one quarter of the opening range, and just fell out of bed. So that is the
329	00:33:15 --> 00:33:21	difference between it doing what 70% of the time it's more likely to do, and
330	00:33:21 --> 00:33:28	because it's a gap opening lower, that means you have a 70% chance of seeing
331	00:33:28 --> 00:33:31	trade back into the middle of the gap, meaning it's going to go up initially.
332	00:33:32 --> 00:33:36	We're not trying to predict, as a student you know Caleb, you're not
333	00:33:36 --> 00:33:40	trying to determine the full gap closure. But if there's a new day
334	00:33:40 --> 00:33:44	opening gap, or a new week opening gap inside of the opening range gap that's
335	00:33:44 --> 00:33:48	above the midpoint of the gap, that's we're indicating here, that means we're
336	00:33:48 --> 00:33:54	opening lower than where we settled. That means a gap high is here, and the
337	00:33:54 --> 00:34:00	midpoint is here. So you have a very strong 70% of the time if you start, if
338	00:34:00 --> 00:34:04	you start tracking this and doing it every single day, journaling like this,
339	00:34:04 --> 00:34:12	you're going to see where I get the 70% figure from. I'm going back to 1987 1987
340	00:34:13 --> 00:34:22	using pre electronic trading, using Globex numbers. Okay, so move right
341	00:34:22 --> 00:34:29	there after hitting and dog. Beautiful. So we have news. Came about 10 o'clock.
342	00:34:29 --> 00:34:36	That's what we're seeing. Their knee jerk reaction to and back down into
343	00:34:36 --> 00:34:41	that. I'm going to take the open range parameters off here. Don't need them
344	00:34:41 --> 00:34:46	anymore, and back into regular trading hours, and you should be upsetting that
345	00:34:46 --> 00:34:51	cell side. That's what you're looking at earlier. All that right there targeted
346	00:34:51 --> 00:34:55	after hitting New Day opening gap. So again, you want to take a screenshot of
347	00:34:55 --> 00:34:58	that and label that with cell side. I.
348	00:35:03 --> 00:35:06	Okay? And now what we want to see is, does it want to come back up work the
349	00:35:06 --> 00:35:10	lower end of that blue shaded area, that blue shaded area is your opening range
350	00:35:10 --> 00:35:16	gap. And then we have the August 13 daily fear that you got below. I
351	00:35:32 --> 00:35:42	neat price going up to some random level, some invisible fortress, it says
352	00:35:43 --> 00:35:47	not fortress, but barriers just you're not going to pass. You can't go any
353	00:35:47 --> 00:35:53	higher, bro, gotta go down. Goes right too quickly. Now all of the south side.
354	00:35:53 --> 00:35:59	So anyone that's been long, went long in here or went long here and didn't take
355	00:35:59 --> 00:36:05	anything off at the new dividend gap. The cow fast. They'll come for you see
356	00:36:05 --> 00:36:11	that, and they use these high impact or medium impact news events on the
357	00:36:11 --> 00:36:17	economic calendar to provide them a smoke screen. So it looks like selling
358	00:36:17 --> 00:36:21	pressure in an absence of what buyers and then the market drops down to some
359	00:36:22 --> 00:36:28	level that obviously has a big pool of interest for Rebecca Tuesday's daily,
360	00:36:29 --> 00:36:38	daily low here the the opposing liquidity below these lows here, After
361	00:36:38 --> 00:36:45	running up anyone that wants to sell short. You're right from the beginning
362	00:36:45 --> 00:36:51	of the day. They would obviously use these levels here for stops. They ran
363	00:36:51 --> 00:36:55	them initially, and then you had your first fair value got formed. We colored
364	00:36:55 --> 00:36:59	outside the lines a little bit. That's okay. That's part of what you're
365	00:36:59 --> 00:37:02	watching today. Caleb, otherwise, I wouldn't have done anything in the
366	00:37:02 --> 00:37:05	morning session. Morning session live with anyone. But you want to see these
367	00:37:05 --> 00:37:13	characteristics. You want to see this type of formation, then rallied up into
368	00:37:15 --> 00:37:19	mid gap. So the strike card is 70% of time hitting it between 930 and 10
369	00:37:19 --> 00:37:28	o'clock still stands and then up to end dog. So from here to here, that's that
370	00:37:28 --> 00:37:33	right. There is a model that that will hit. It will stick. It will serve so
371	00:37:33 --> 00:37:36	well. And it doesn't need to be a new day opening gap. It could be a new week
372	00:37:36 --> 00:37:40	opening that. It doesn't have to be both levels either. It could be just the low,
373	00:37:40 --> 00:37:44	and it's the first one you're going to trade to. That's a low hanging fruit
374	00:37:44 --> 00:37:48	perspective. That's what I want you to focus on. Caleb, not the best of the
375	00:37:48 --> 00:37:54	best. I'm watching these relative equal highs here and full gap closure. We have
376	00:37:54 --> 00:37:58	a little inefficiency in here, and then we have Tuesday's daily low. So I'm
377	00:37:59 --> 00:38:03	watching to see if they want to drop it back down in there. I'm in there. Tickle
378	00:38:03 --> 00:38:08	this line again, one more time. Work the halfway point of this by side, balance
379	00:38:08 --> 00:38:14	cell, sign efficiency, and then drive for the individuals here, we need to do
380	00:38:14 --> 00:38:14	a full gap closure.
381	00:38:21 --> 00:38:26	I don't believe that I have it set anymore for the live streams to do the
382	00:38:26 --> 00:38:33	thumbs up or thumbs down. Obviously, I get like a 98% plus like rating on the
383	00:38:33 --> 00:38:39	YouTube Analytics analytics page, but I can still see them. You probably you
384	00:38:40 --> 00:38:44	probably can't see them now, but if you're learning today, when you watch
385	00:38:44 --> 00:38:48	things like this, and it's it's comforting, if it gives you confidence,
386	00:38:48 --> 00:38:53	if it encourages you seeing the logic of these things panning out, giving you
387	00:38:53 --> 00:38:57	given some framework with if you're watching price without these types of
388	00:38:57 --> 00:39:02	reference points I often make, you know, snide remarks about other forms and
389	00:39:02 --> 00:39:07	disciplines of trading, because I want to encourage engagement for you to think
390	00:39:07 --> 00:39:12	critically about what it is you're trying to learn. Because if these types
391	00:39:12 --> 00:39:18	of things repeat, doesn't it at least give an advantage over you not using it,
392	00:39:19 --> 00:39:22	because it gives you context. It gives you some kind of framework to view price
393	00:39:22 --> 00:39:27	through and around. Otherwise, I couldn't trust that the market's going
394	00:39:27 --> 00:39:30	to go up or down or stop here and turn around, like all the questions that all
395	00:39:30 --> 00:39:34	of you have, you say, how do you how did you trust taking that trade right there?
396	00:39:34 --> 00:39:37	Why didn't you think it was going to go higher, or why didn't you think it's
397	00:39:37 --> 00:39:42	going to go lower? It's because I've spent 32 years doing this stuff, and I
398	00:39:42 --> 00:39:48	know what works, and I know the things that I did as a new startup in 1992 like
399	00:39:48 --> 00:39:53	I was doing silly stuff, like I was looking at trend lines and trying to get
400	00:39:53 --> 00:39:59	the right trend line. And hundreds of different of forms of, you know, trend
401	00:39:59 --> 00:40:03	line fans. Is I used Gan stuff try to figure out and decipher the right trend
402	00:40:03 --> 00:40:07	line with that thing. And once in a while, I would get something in
403	00:40:07 --> 00:40:10	hindsight that looked like, wow, I figured it out. And then I'd go out and
404	00:40:10 --> 00:40:16	I'd lose money with it. You know, it's, it's demoralizing. And then when you see
405	00:40:16 --> 00:40:23	things through a lens of liquidity inefficiency and a manipulation
406	00:40:23 --> 00:40:27	somewhere sprinkled inside all that stuff. It'll it allows you to see things
407	00:40:27 --> 00:40:32	a little bit differently, and that different perspective is a minority
408	00:40:32 --> 00:40:36	perspective that absolutely kills it in this industry. You want to be a
409	00:40:36 --> 00:40:41	minority. You want to be the cheetah, the lion that's sitting on the outside
410	00:40:41 --> 00:40:45	or outskirts of that watering hole, because every day, everybody's coming to
411	00:40:45 --> 00:40:51	get a drink at the opening bell at 930 everyone's coming here, and then you're
412	00:40:51 --> 00:40:56	looking for the opportunity to eat, because everybody else is thirsty,
413	00:40:56 --> 00:41:01	you're hungry, you're trying to get your pound of flesh, if you don't have some
414	00:41:01 --> 00:41:06	measure of defining what it is that says, I have a high chance of getting
415	00:41:06 --> 00:41:12	something to eat today and not getting hurt. You ever watch those nature shows?
416	00:41:12 --> 00:41:15	You know there's there's lions and there's cheetahs. It isn't easy for them
417	00:41:15 --> 00:41:19	just to go out there and chase something out eat. Sometimes the things that
418	00:41:19 --> 00:41:24	they're chasing have horns, and they could be, they can be hurt, and if they
419	00:41:24 --> 00:41:31	get hurt, that impedes their ability to eat tomorrow or that day. So you have
420	00:41:31 --> 00:41:37	to, you have to weigh the understandings of what you're trying to do when you're
421	00:41:37 --> 00:41:40	trying to do it, and then get the lay of the land. Is it safe for me to go out
422	00:41:40 --> 00:41:44	there and engage, because even though everybody's coming to the watering hole,
423	00:41:45 --> 00:41:48	you don't want to be going out there trying to get hurt just for the sake of
424	00:41:48 --> 00:41:56	getting something right now. So hunting and stalking setups, there are criteria
425	00:41:56 --> 00:42:01	that my concepts will provide that define very, very high probability
426	00:42:01 --> 00:42:06	conditions. There are other times where the setup can be there. But because of
427	00:42:06 --> 00:42:09	the type of day it is like today, it's after a large range day. That means the
428	00:42:09 --> 00:42:13	characteristic is, in the morning session, it could be a little bit wonky.
429	00:42:13 --> 00:42:18	It could be a little not as clean or crisp in its delivery. And again, I'm
430	00:42:18 --> 00:42:22	using the Fairbank app and how the bodies were just outside of that right
431	00:42:22 --> 00:42:25	there. Anyone else might look at that and say, Well, see, this is this is them
432	00:42:25 --> 00:42:29	trapping traders, the smart money concepts. This is a trap. No, it's not
433	00:42:30 --> 00:42:34	like I'm talking to you live over, over, top the chart, and explain to you that
434	00:42:34 --> 00:42:40	that is a normal characteristic of a post holiday or post large range day.
435	00:42:41 --> 00:42:46	That's what it looks like. And I had students that were paying me, and when I
436	00:42:46 --> 00:42:50	would talk about things like that and not put them in trades, they're like,
437	00:42:50 --> 00:42:54	Oh, this isn't this is this is dumb. And then we quit. And I'm thankful that they
438	00:42:54 --> 00:42:57	quit, because I don't want people like that in my learning. I want them to move
439	00:42:57 --> 00:43:01	on to do something else. Stay in dumb money, stay in Street Money perspective.
440	00:43:02 --> 00:43:06	That's why I'm telling you, for the folks that are worried about this stuff,
441	00:43:06 --> 00:43:09	oh, it's falling out of favor. It's not going to work anymore. Or they're
442	00:43:09 --> 00:43:12	targeting this. They're not targeting anything like what you're saying is,
443	00:43:12 --> 00:43:16	when you say stuff like that, you don't understand how the markets book price
444	00:43:16 --> 00:43:20	really, and you don't understand the entities that I'm trying to explain to
445	00:43:20 --> 00:43:24	you exist and they're not on people's YouTube channel talking about how they
446	00:43:24 --> 00:43:30	were, you know, at the institution, at the institution, we teach, you know,
447	00:43:31 --> 00:43:37	real trading, quantitative analysis, qualitative analysis, and they'll say
448	00:43:37 --> 00:43:43	that intraday volatility or trading is a scam, and anybody tells you they can do
449	00:43:43 --> 00:43:46	it consistently, run away from them because they're a con artist. They're a
450	00:43:46 --> 00:43:55	scammer. Here I am. Here I am explaining it. Okay? And Goldman boys are taking
451	00:43:55 --> 00:44:01	notes. Trust me when I tell you, that's the reality, okay, but they'll say what
452	00:44:01 --> 00:44:05	they have to say, because that investment firm, it garners, you know, a
453	00:44:05 --> 00:44:11	lot of attention, and people that have a lot of money, they will use that style
454	00:44:11 --> 00:44:17	of investing. And I'm not an investor, I don't teach people to invest other than
455	00:44:17 --> 00:44:22	investing in themselves, but trading and timing the market, we have these
456	00:44:22 --> 00:44:29	relative equal highs here, and the top of that new day opening gap. That's the
457	00:44:29 --> 00:44:33	the liquidity. Take a screenshot of that right there off of the first
458	00:44:33 --> 00:44:36	presentation the fair value got. So tell me, tell me about it. Goldman, Sachs,
459	00:44:37 --> 00:44:41	tell me. Tell me about it. Tell me how that's that's not technical science,
460	00:44:41 --> 00:44:44	because you're right. Technical analysis, a joke. Technical analysis,
461	00:44:44 --> 00:44:51	garbage, because that is what retail uses, triangles, pennants, moving
462	00:44:51 --> 00:44:55	average, crossovers, V wop, all that stuff. That's all retail. But when you
463	00:44:55 --> 00:44:59	look at things with the reality of why the markets book price, I mean
464	00:44:59 --> 00:45:03	seriously. Phil. Seriously. Okay, I'm not on my I'm not on my soapbox, and I'm
465	00:45:03 --> 00:45:08	up here grandson, not beating my chest. I want you to think about what you're
466	00:45:08 --> 00:45:15	seeing and how pure it is, how pure it is. It's not, it's not something that's,
467	00:45:15 --> 00:45:19	you know, muddied up with indicators and garbage. So we want to see, does it use
468	00:45:19 --> 00:45:23	the new day? Opening gap here, sweeping around both sides of it, and then reach
469	00:45:23 --> 00:45:27	for a full gap closure. That would be the last thing for the morning session
470	00:45:27 --> 00:45:31	for me, before we close the session now. And if it does that, then I'll just say
471	00:45:31 --> 00:45:34	you take a screenshot of that, and we'll end this one today and be done with it.
472	00:45:35 --> 00:45:43	But the the delivery of of seeing what the market with target, what levels are
473	00:45:43 --> 00:45:50	key Now, contrast that with anyone that uses anything, just fill in the blank,
474	00:45:50 --> 00:45:53	right? Just fill in the blank with anything else other than what I'm
475	00:45:53 --> 00:46:04	teaching. And that's why it's like I'm I'm the type of person in this industry
476	00:46:04 --> 00:46:08	that is going to be hated more than they're loved, the people that don't
477	00:46:08 --> 00:46:12	know what they're doing and have tried other stuff, when they come to me and
478	00:46:12 --> 00:46:15	they really do the due diligence to try to learn how to do it, or they observe,
479	00:46:15 --> 00:46:19	they they simply just watch and listen to me and I tell you what the market's
480	00:46:19 --> 00:46:24	going to Do, and it behaves that way. And it's not ambiguous. It's it's very
481	00:46:24 --> 00:46:29	specific things, and it's based on time delivery, first to the algorithm that
482	00:46:29 --> 00:46:33	may not be believed by everyone that exists. It doesn't matter. I'm not
483	00:46:33 --> 00:46:36	frustrated at night time, and it sounds to you as a new viewer, like I'm
484	00:46:36 --> 00:46:41	defending myself. I'm not defending myself. I'm reminding the folks that
485	00:46:41 --> 00:46:45	hold to the idea that there is no algorithm, that these markets are not
486	00:46:45 --> 00:46:53	rigged, that they lean on logic that is retail oriented, and that classification
487	00:46:53 --> 00:46:59	and that category of trader is the losing class. So if you're going to
488	00:46:59 --> 00:47:05	defend or argue against what is I'm I'm presenting here. You're you're stuck
489	00:47:06 --> 00:47:10	because now you're forced to pick what retail logic, what other retail logic is
490	00:47:10 --> 00:47:15	giving you these types of things right here, with the sound logic that is not
491	00:47:15 --> 00:47:18	ambiguous. It's very specific. Where's the liquidity? Where's the specific PD
492	00:47:18 --> 00:47:23	array, like the midpoint of the gap, the liquidity here, the new day opening gap,
493	00:47:24 --> 00:47:30	the first fair value gap, the sell side, I told you, below these loads over here,
494	00:47:32 --> 00:47:34	like it's it's done all of that
495	00:47:35 --> 00:47:40	under the context that we opened lower after a large range date down. So that
496	00:47:40 --> 00:47:45	means they're going to punish who? What classification of trader in street
497	00:47:45 --> 00:47:50	money, dumb money. What are Street Money traders trying to do because they saw
498	00:47:50 --> 00:47:55	yesterday's trading? What? Which trading approach or sentiment will traders have
499	00:47:55 --> 00:48:00	going into the marketplace that simply don't know what I'm teaching and showing
500	00:48:00 --> 00:48:04	you they're going to want to do what they saw yesterday, was profitable. That
501	00:48:04 --> 00:48:09	means they want to be short, so they're going to draw into anyone that's already
502	00:48:09 --> 00:48:15	short here and then drop down load the boat. Smart Money is buying in here,
503	00:48:16 --> 00:48:24	rallying up to a random New Day, opening gap in the upper quadrant of the opening
504	00:48:24 --> 00:48:30	range gap. I'm just gonna eyeball it here with my I was supposed to pick up
505	00:48:30 --> 00:48:36	my glasses yesterday, and I didn't do it. And I'm really flirting with stuff
506	00:48:36 --> 00:48:39	that I shouldn't be doing because my eyes are really not sharp right now,
507	00:48:39 --> 00:48:44	without these new prescriptions I have, but that's another reason why I told you
508	00:48:44 --> 00:48:47	I have to leave here at 1030 because I want to craft something eat with my wife
509	00:48:47 --> 00:48:54	and then go get my glasses. But this guy talks too much. Nobody cares about your
510	00:48:54 --> 00:49:00	glasses. Bro, trust me when I tell you, nobody cares. Okay, so here's the upper
511	00:49:00 --> 00:49:04	quadrant, and then it goes past the upper quadrant just to fulfill the
512	00:49:04 --> 00:49:08	numbers at the relative equal highs and The New Day opening gap. So it went just
513	00:49:08 --> 00:49:14	a little bit above it. So I wouldn't rule out another muddy attempt to get up
514	00:49:14 --> 00:49:19	to a full gap closure, maybe a little bit higher today. But this is enough for
515	00:49:19 --> 00:49:24	this morning. This is just a beautiful display of what it is I teach. You know,
516	00:49:24 --> 00:49:28	it's it's hard to fight against it when you just come to me with an open mind,
517	00:49:28 --> 00:49:32	you're not trying to be a worshiper of me. I don't let anybody do that with me.
518	00:49:32 --> 00:49:36	I don't want anybody calling me a goat, the King, the boss, you know, whatever.
519	00:49:36 --> 00:49:40	I'm just the average Joe. That's my middle name, Joe. Okay, and God's
520	00:49:40 --> 00:49:46	blessed me with an ability to be able to see these things, and I've done my best
521	00:49:46 --> 00:49:51	to communicate the language that affords you. If you spend the time looking at
522	00:49:51 --> 00:49:57	it, you'll see what this algorithm is doing at specific and select times, and
523	00:49:57 --> 00:50:04	all you need is just one of them. Are just one of them. You buying the for the
524	00:50:04 --> 00:50:08	fairbair gap here, getting to the halfway point of the gap, that might be
525	00:50:08 --> 00:50:12	your model, and you don't care what it does after that. You know what? That's
526	00:50:12 --> 00:50:18	maturity, and that's early onset maturity. Most students in this industry
527	00:50:18 --> 00:50:23	cannot have that mindset, because they want to have the full swing. They want a
528	00:50:23 --> 00:50:30	full pull, where the whole move, you capture the whole move, that's
529	00:50:30 --> 00:50:34	unrealistic. It's it's really unrealistic in the beginning, but you
530	00:50:34 --> 00:50:37	think that that's progress for you to be able to get to that real quick. And I'm
531	00:50:37 --> 00:50:40	telling you, for someone that's going been doing it for a very long time, and
532	00:50:40 --> 00:50:44	I made every error that you're ever going to make, and probably done them
533	00:50:44 --> 00:50:48	dozens of times, thinking I was going to be the exception to the rule. That's
534	00:50:48 --> 00:50:53	not, that's not what's going to happen for you. Okay, I would love for you to
535	00:50:53 --> 00:50:58	be able to say, Michael, it didn't happen like that. I was the exception.
536	00:50:58 --> 00:51:03	Here's the proof of it. And would that be wonderful, but it would be
537	00:51:03 --> 00:51:09	disingenuous of me, and it would be counterproductive for me to tell you or
538	00:51:09 --> 00:51:14	blow smoke up your ear, to try to entice you in believing that you are going to
539	00:51:14 --> 00:51:18	be or any of my students are going to be that exception, so if it gives you the
540	00:51:18 --> 00:51:25	proper mindset to avoid having that error, I've done my my job as a mentor.
541	00:51:25 --> 00:51:31	I'm providing you an initial mindset that is reasonable, it's realistic, and
542	00:51:31 --> 00:51:36	it's allowing you to graduate in a measured progress that you can track
543	00:51:36 --> 00:51:41	with your journal. You're not tracking your understanding at a guy send me a
544	00:51:41 --> 00:51:45	message the other day. He says, How do I know I'm progressing? Because I don't
545	00:51:45 --> 00:51:51	feel like I'm progressing. And then they say, I'm I'm losing money in my funded
546	00:51:51 --> 00:51:56	account challenges, or I'm losing my funded account. If I, if I get it, I end
547	00:51:56 --> 00:51:59	up losing it. How? How can I track my progress? Number one, you don't track
548	00:51:59 --> 00:52:03	your progress by going out there and trying to use what I'm teaching ongoing,
549	00:52:03 --> 00:52:08	right now, in a setting where you can potentially lose that that's not how you
550	00:52:08 --> 00:52:12	measure your progress. That's how you ensure that you will not progress
551	00:52:13 --> 00:52:19	efficiently and properly, because now you've weighted the outcome to a
552	00:52:19 --> 00:52:23	positive or negative, and it has a negative impact larger than the
553	00:52:23 --> 00:52:27	positive. The positive of you making money with it right away. You haven't
554	00:52:27 --> 00:52:30	really learned how to do it. The positive is, is it feels good, and then
555	00:52:30 --> 00:52:34	when you show everybody on social media, that's it. It's it that chewing gums
556	00:52:34 --> 00:52:38	lost its flavor, you might sort of spit it out, because nobody's going no one's
557	00:52:38 --> 00:52:41	going to care. No one cares about my trade that I took yesterday. No more.
558	00:52:41 --> 00:52:44	They're they're interested in what I'm doing today. What's he going to do
559	00:52:44 --> 00:52:47	today? What's the magic trick he's going to show today? And that's how it's going
560	00:52:47 --> 00:52:51	to be for you. But the negative impact of you going out there and trying to
561	00:52:51 --> 00:52:55	rush to use what I'm teaching before you really understand yourself and how to
562	00:52:55 --> 00:53:02	use this information correctly, that impact is going to far out outweigh the
563	00:53:02 --> 00:53:06	any positive you get by using it, if it makes you a little bit of money. Because
564	00:53:06 --> 00:53:10	think about you're not going to make a million dollars. You're not going to do
565	00:53:10 --> 00:53:13	that. You know, in your first year of trading with this information, you're
566	00:53:13 --> 00:53:17	not going to do it. But some of you think that you're going to be that
567	00:53:17 --> 00:53:21	person. And I'm telling you, if you try to do those types of things, the only
568	00:53:21 --> 00:53:25	thing that's going to do is push your success further away from where you are
569	00:53:25 --> 00:53:30	right now. You're literally throwing it so much further down the road, and then
570	00:53:30 --> 00:53:34	when you get closer to it, if you don't change that mindset, you're going to
571	00:53:34 --> 00:53:38	kick that can further down the road, because you're doing things backwards,
572	00:53:38 --> 00:53:43	and it doesn't feel that way. But I'm telling you, I've, I've taught so many
573	00:53:43 --> 00:53:50	people since the 90s. Okay, I've taught a lot of people. And it's always the
574	00:53:50 --> 00:53:53	same thing that people that try to rush out there and then try to use it to make
575	00:53:53 --> 00:53:58	money right away, without learning properly, logging, journaling, observing
576	00:53:58 --> 00:54:02	how they feel, if they felt ecstatic, if they were euphoric when the price was
577	00:54:02 --> 00:54:06	delivered like they thought. You have to keep that in check. It's good that
578	00:54:06 --> 00:54:10	you're journaling and you're saying, I'm happy that this panned out like I
579	00:54:10 --> 00:54:13	thought it would. And it was so encouraging to see it. You don't want to
580	00:54:13 --> 00:54:18	say, I'm the man, I'm the goat. ICT, watch out, baby. I'm coming for you. You
581	00:54:18 --> 00:54:21	know, all that kind of stuff that you would put in your your social media
582	00:54:21 --> 00:54:24	post, or whatever you don't want to do. Want to do that in your journal, because
583	00:54:24 --> 00:54:30	what that does is it elevates and it stimulates your ego, and your ego, for
584	00:54:30 --> 00:54:36	the men, is going to be hugely impactful. If you are focusing there,
585	00:54:36 --> 00:54:39	chances are you're minimizing or putting blinders on the things that you're not
586	00:54:39 --> 00:54:47	doing correct and you're failing to see this opportunity to improve on so when I
587	00:54:47 --> 00:54:50	sit with you, live like this, Caleb, and I'm pointing to certain things like
588	00:54:50 --> 00:54:56	this, I'm allowing you to key up on the setups that make sense to you, and I'm
589	00:54:56 --> 00:54:59	going to review them real quick, and then I'm going to close it because it's
590	00:54:59 --> 00:55:03	90. More minutes, and I'm done so initially, you know we were looking for
591	00:55:03 --> 00:55:07	the Lower, lower gap opening lower, which you can see that happening when we
592	00:55:07 --> 00:55:12	were at 915 chances are, you know, with over 100 handles or so below previous
593	00:55:12 --> 00:55:18	day settlement, chances are we're going to open up lower. And you know that
594	00:55:18 --> 00:55:22	there's a 70% chance that we're going to go back to mid gap. But yesterday was
595	00:55:22 --> 00:55:29	proof that it's not 100% right? 70% is not 100% but there's nothing in that
596	00:55:29 --> 00:55:34	chart yesterday that would have, you know, brought into the mix as a buy. It
597	00:55:34 --> 00:55:39	just kept just eroding. Lower, lower, lower, lower, okay, well, you wouldn't
598	00:55:39 --> 00:55:44	have got any anything long on it anyway, so you wouldn't have lost money. You
599	00:55:44 --> 00:55:48	just missed an opportunity. And I was just going through all my my students
600	00:55:48 --> 00:55:53	that use my concepts and that do live stream, they all had generally the same
601	00:55:53 --> 00:55:57	thing. It was just like, Wow. This thing just keeps melting. And all the other
602	00:55:57 --> 00:56:02	YouTubers were like, Wow, man, this is just going lower, lower, lower. And you
603	00:56:02 --> 00:56:07	can see that because they're live streaming, okay? And this is one of my
604	00:56:07 --> 00:56:10	students listening to me. Listen. Okay. I'm not trying to be critical. I want
605	00:56:10 --> 00:56:15	you to observe this, because this will make you better. You're almost
606	00:56:15 --> 00:56:20	apologizing to your audience because you don't have something to get into a trade
607	00:56:20 --> 00:56:26	because it's moved so much that is the problem with live streaming, because you
608	00:56:26 --> 00:56:31	feel like you have to perform. I don't have to perform. I want to take a setup.
609	00:56:31 --> 00:56:34	If it's there and it makes money. If it doesn't make money, I'm not taking it.
610	00:56:34 --> 00:56:38	If I know I'm going to put that trade on and I'm going to have anxiety about
611	00:56:38 --> 00:56:41	whether or not it's going to be in the high probability conditions. If it
612	00:56:41 --> 00:56:46	doesn't fit the criteria for high probability, if I can only frame it in
613	00:56:46 --> 00:56:50	one way, and that's the way I'm in it, and I'm on one side, I'm not going to
614	00:56:50 --> 00:56:53	have any anxiety about it. I'm not going to second guess it. I'm going to sit
615	00:56:53 --> 00:56:58	here and wait for my partials and wait for my tournaments to be hit, or any
616	00:56:58 --> 00:57:02	position that's open that I have a trail stop to I accept the fact that I'm
617	00:57:02 --> 00:57:07	getting stopped out there in profit. You see what that that mindset has done. It
618	00:57:07 --> 00:57:12	completely removes the outside influence of other people telling me when and how
619	00:57:12 --> 00:57:16	I should trade. And that's what my students are wrestling with when there's
620	00:57:16 --> 00:57:19	days where it just starts moving right away and they don't have an opportunity
621	00:57:19 --> 00:57:22	to get in because they haven't learned everything, like I was covering
622	00:57:22 --> 00:57:24	yesterday in Caleb's channel.
623	00:57:24 --> 00:57:28	There's things that you could have used to get in. Looking into hindsight, you
624	00:57:28 --> 00:57:32	can see it clearly now, but most of you were so shell shocked that you couldn't
625	00:57:32 --> 00:57:38	do anything yesterday morning. You completely threw out the baby with the
626	00:57:38 --> 00:57:43	bathwater and didn't even worry about the afternoon session, and then here I
627	00:57:43 --> 00:57:48	am. I'm rolling up in there at 130 like, I teach going there. Okay, now I'm going
628	00:57:48 --> 00:57:51	to look for what I'm looking for, where everybody else is, like, that's it.
629	00:57:52 --> 00:57:56	That's just like the the guy that you know, he cruises through the casino.
630	00:57:56 --> 00:58:00	He's only sitting down in front of those slot machines until he sees somebody
631	00:58:00 --> 00:58:03	that's been there for a long time, and they had to pay out. And I'm waiting for
632	00:58:03 --> 00:58:08	that person to get up off the chair, I'm going to slide on in with my 25 bucks
633	00:58:08 --> 00:58:12	and click, click, click, and then I get the jackpot, because the ratios, it's
634	00:58:12 --> 00:58:18	time for it to pay out. So everybody that couldn't do anything yesterday
635	00:58:18 --> 00:58:25	morning, because this kept going lower and lower and lower thinking, oh, man,
636	00:58:25 --> 00:58:29	it's not giving a setup. Oh, they're changing the algorithm. No, they're not.
637	00:58:29 --> 00:58:34	That's typical. Now, extremely large example that where it's a big range day
638	00:58:34 --> 00:58:40	down, but that's typical of a post holiday day where you don't know what
639	00:58:40 --> 00:58:44	they're going to do, and because everybody couldn't trade the day before,
640	00:58:44 --> 00:58:48	and it's usually a day where trading would have taken place on a Monday. So
641	00:58:48 --> 00:58:52	what's happened? People are chomping at the bit. They're literally biting their
642	00:58:52 --> 00:58:55	fingernails, looking I can't wait to start trading. I can't wait till it's
643	00:58:55 --> 00:59:02	time. You're anxious, and boom, the market comes out and just slowly erodes
644	00:59:02 --> 00:59:07	lower and lower and lower and lower and lower. And all your technical stuff
645	00:59:08 --> 00:59:13	isn't talking to you because it's being manipulated. They just keep dropping.
646	00:59:13 --> 00:59:16	The price keep dropping. This doesn't matter how many people come in and want
647	00:59:16 --> 00:59:21	to buy it's not it's not going to go up, because it's designed to go down, and
648	00:59:21 --> 00:59:25	it's staying in that cell model just keeps digging in and keeps digging in,
649	00:59:25 --> 00:59:29	digging in, digging in. Okay, I'm going to wait. I'm going to wait until the
650	00:59:29 --> 00:59:34	afternoon, at 130 I'm going to see my setup form. I told you. I know my setups
651	00:59:34 --> 00:59:37	are coming. My setup will be there this afternoon. My setup will be there in the
652	00:59:37 --> 00:59:40	last hour. Trading today, it'll be there on Friday, it'll be there next week.
653	00:59:40 --> 00:59:44	Every single day, I know my setups are going to be there. But contrast that
654	00:59:45 --> 00:59:48	with everything else out there, you're going to have to wait for your indicator
655	00:59:48 --> 00:59:51	to flash some kind of confirmation thing. That's it's okay to buy now, or
656	00:59:51 --> 00:59:56	okay to sell. Oh, the V wop. You know the V wops is going to act like moving
657	00:59:56 --> 00:59:59	average resistance. See how the price doesn't get above that? That's nonsense.
658	00:59:59 --> 01:00:03	It's. Literally nonsense. You might just put any old moving average on there and
659	01:00:03 --> 01:00:07	call the same thing. But that's not what's making the market go up and down.
660	01:00:07 --> 01:00:14	It's not that's absolutely not what's happening. So look at what we have here
661	01:00:14 --> 01:00:20	in price action. We saw the fair value gap here to mid gap. That's one setup
662	01:00:20 --> 01:00:25	that could be your model. You could go fair value, gap, partial, mid gap,
663	01:00:26 --> 01:00:35	terminus, new to open gap, low. Others that are contrary can see this and say,
664	01:00:35 --> 01:00:40	Okay, well, I like this setup here, and I want to see a opportunity where I can
665	01:00:40 --> 01:00:44	go short and I can short an inversion fair value gap. That's this one in here.
666	01:00:46 --> 01:00:50	Stand out over here, you can see the body respecting it, go short and then
667	01:00:50 --> 01:00:54	target that cell side I outlined. I promise you I have students that did
668	01:00:54 --> 01:00:59	that trade. I know I have students that took this one here to the 70% and I
669	01:00:59 --> 01:01:01	don't know what they did up here, but I'm certain that they probably saw the
670	01:01:01 --> 01:01:05	end in dog because it was in my chart live streaming. They're peeking at my
671	01:01:05 --> 01:01:08	chart while they're live streaming, but they're trying to keep focus because
672	01:01:08 --> 01:01:11	they don't want me to influence or entice them away from what they're
673	01:01:11 --> 01:01:17	looking for, and that's exactly how they should behave. And then this one here
674	01:01:17 --> 01:01:22	where we take the fair value gap. That's first presentation of it between 931
675	01:01:26 --> 01:01:30	they brought here, went through it. Oh, see that fair value talks about that's
676	01:01:30 --> 01:01:34	what everybody on Twitter doesn't know what they're talking about. Where they
677	01:01:34 --> 01:01:37	were leaving posts to that and trying to troll me, and I'm laughing at them,
678	01:01:37 --> 01:01:42	literally laughing at them, knowing that this is going to become a reclaimed fair
679	01:01:42 --> 01:01:47	value gap again. And then what'll happen? I drew it out. It came down. Hit
680	01:01:47 --> 01:01:52	it rally one more time for the relative equal highs, and laid a candlestick body
681	01:01:52 --> 01:02:02	over top of the new dividend gap. See that? Now? What is it doing? The chop is
682	01:02:02 --> 01:02:11	real, right? Patrick, the CHOP is real. Every setup, every potential setup, for
683	01:02:11 --> 01:02:18	you as a ICT trader this morning, outlined, everything here flies in the
684	01:02:18 --> 01:02:23	face of everything algorithmic. That's not algorithm but, uh, retail, but it's
685	01:02:23 --> 01:02:29	algorithmically delivered here based on time and price. So my question to you in
686	01:02:29 --> 01:02:35	closing is, when you see these things described in real time, doesn't it feel
687	01:02:35 --> 01:02:40	like you're not supposed to know it doesn't it feel like that, doesn't it
688	01:02:40 --> 01:02:47	feel like that somehow this is like a cheat code, like this is, this is really
689	01:02:47 --> 01:02:51	scary to see how precise these things can behave, because Isn't this supposed
690	01:02:51 --> 01:02:57	to be the largest financial casino in the world? I thought everything was
691	01:02:57 --> 01:03:00	buying and selling pressure and completely random, and nobody can know
692	01:03:01 --> 01:03:05	with intraday charts what price is going to do. Because nobody can time the
693	01:03:05 --> 01:03:10	market right. Nobody can time the market. No one can time the market with
694	01:03:10 --> 01:03:14	intraday charts. Because intraday charts are noise. I'm telling you, I promise
695	01:03:14 --> 01:03:17	you, I promise you, run away from them if they tell you that they can time the
696	01:03:17 --> 01:03:20	market and they can do it consistently, run away from because they're a con
697	01:03:20 --> 01:03:24	artist, and I mean it that's coming out of the mouth of a Goldman Sachs alumni.
698	01:03:24 --> 01:03:28	And you can still find that video on YouTube, and I have screenshot that and
699	01:03:28 --> 01:03:31	record it, and a lot of my students do it too, and we've turned it into a meme,
700	01:03:31 --> 01:03:37	because everybody understands that that's coming from a perspective that
701	01:03:37 --> 01:03:44	they work in an environment that that caters to longer term investment ideas,
702	01:03:44 --> 01:03:50	and that right there affords them a whole lot of low probability they could
703	01:03:50 --> 01:03:53	be wrong a lot when it's higher Time Frame, because they're not worrying
704	01:03:53 --> 01:03:57	about the micro fluctuations in here which one has the greater skill set.
705	01:03:58 --> 01:04:03	Clearly, this, this is brain surgery compared to Romper Room, playground
706	01:04:03 --> 01:04:07	dodgeball, that's the equivalent of higher Time Frame long term investment.
707	01:04:07 --> 01:04:12	You could literally throw a dart at the stock tables, you know. And as long as
708	01:04:12 --> 01:04:17	you hold on to it, long enough, you're going to have me money. And that's the
709	01:04:17 --> 01:04:22	math behind what they tell you, Oh, the stock market averages 12% a year. 12% a
710	01:04:22 --> 01:04:27	year. I'm going to put my money tied up with people that don't even they're
711	01:04:27 --> 01:04:30	telling you they don't know what you're talking about. These individuals are
712	01:04:30 --> 01:04:36	coming out there telling you unequivocally that they have no idea how
713	01:04:36 --> 01:04:44	to trade, but they use value and long term trends and fundamentals that says
714	01:04:44 --> 01:04:48	it should go up. So if we buy it and hold on to it and just weather the
715	01:04:48 --> 01:04:52	storm, here's the upper portion of that opening range gap. Truth be told, that's
716	01:04:52 --> 01:04:57	what songs hanging for that. Take a screenshot of that. Bam. Goldman boys,
717	01:04:57 --> 01:05:00	how about that? You can't time the market. You don't. Have no idea what
718	01:05:00 --> 01:05:04	you're talking about. ICT. You have no idea. Don't listen to this ICT guy.
719	01:05:04 --> 01:05:12	Whatever you do, don't listen to this guy. Avoid ICT at all costs. If you want
720	01:05:12 --> 01:05:17	to stay in the dumb money category, I promise you, if you follow that advice,
721	01:05:17 --> 01:05:21	you're going to get the results you're looking for, I promise you, you're
722	01:05:21 --> 01:05:27	looking to lose you're looking to never make it. Because the folks out there
723	01:05:27 --> 01:05:30	that tell you that you can't time the market, that's them saying that they
724	01:05:30 --> 01:05:35	don't know how to do it. That's them saying we are not going to we're not
725	01:05:35 --> 01:05:39	going to acknowledge the proof that this guy, ICT, is proven on a live stream in
726	01:05:39 --> 01:05:42	front of everybody with a four second latency. That means, for whatever I say
727	01:05:42 --> 01:05:46	and point to four seconds later, you're getting it, you're seeing it. And the
728	01:05:46 --> 01:05:51	folks that have live data, they already see it coming too. They can anticipate
729	01:05:51 --> 01:06:00	it. So now my question to you is, look at this. Is the chop still real? No, but
730	01:06:00 --> 01:06:07	actually, these concepts are real, real precise, real good, tasty, tasty,
731	01:06:08 --> 01:06:13	delicious, isn't it? It's so good. Oh, it's so good, isn't it. Now imagine
732	01:06:13 --> 01:06:18	you've walked through like 30 years. It's not entirely true about 27 and a
733	01:06:18 --> 01:06:26	half years, 28 years, that is what I've been carrying. And I'm when I've had all
734	01:06:26 --> 01:06:31	these different personas online. I've been so many personas online over the
735	01:06:31 --> 01:06:36	years, and listen to people come up and try to promote this and promote that.
736	01:06:36 --> 01:06:41	And I'm thinking myself, this is ridiculous. This is ridiculous, and I am
737	01:06:41 --> 01:06:45	the one out here proving things that no one else can replicate in any other form
738	01:06:45 --> 01:06:51	of trading knowledge. Okay, oh yeah, he talks about this and talks about stop
739	01:06:51 --> 01:06:56	hunts. Oh, man, it's not just a stop hunt. It's the whole panoramic view and
740	01:06:56 --> 01:07:01	the timing aspects where a stop loss isn't going to get hit where the
741	01:07:01 --> 01:07:05	market's going to behave a certain way and then run for the liquidity.
742	01:07:05 --> 01:07:08	Everybody understands there's buy stops above old highs and below old lows, or
743	01:07:08 --> 01:07:11	sell stocks. Everybody understands that. I didn't fully understand it before I
744	01:07:11 --> 01:07:15	started trading with real money in 1992 Admittedly, I had no idea what I was
745	01:07:15 --> 01:07:19	doing. I should have never put money into an account. But once you
746	01:07:19 --> 01:07:20	understand,
747	01:07:22 --> 01:07:26	because I encourage folks, it's better for people to go out there and don't
748	01:07:26 --> 01:07:30	believe me right away, go do other people's stuff, because once you wreck
749	01:07:30 --> 01:07:35	yourself doing that, and you come here, you're going to swear up and down that I
750	01:07:35 --> 01:07:38	should have been the only person in Jack swagger's book market wizard, okay,
751	01:07:38 --> 01:07:43	because everything else, literally, is nonsense. Now I'm not saying there's
752	01:07:43 --> 01:07:46	people in those books aren't worthy of listening to. Because I looked at Ed
753	01:07:46 --> 01:07:56	sakota, I listened to Linda rash gay I I think that they had a huge impact on me.
754	01:07:58 --> 01:08:03	Marcus in the first book, you know, that was one of the persons that I was like,
755	01:08:03 --> 01:08:09	wow, you know, I resonate with him first, and then Ed, I'm like, wow, you
756	01:08:09 --> 01:08:14	know, I can, I can, I can see how that, you know, that really resonates with me.
757	01:08:14 --> 01:08:22	His whole business about the the Jade Master, you know, that was my first time
758	01:08:22 --> 01:08:27	hearing about that, and it it resonated with me, because I'm like, a David
759	01:08:27 --> 01:08:31	Carradine kung fu the series, you know, 1970s I'm, like, I'm a 70s boy, you
760	01:08:31 --> 01:08:36	know, I was born 1972 and I grew up watching David Carradine, and I was into
761	01:08:36 --> 01:08:43	this martial arts thing. And it just seemed like that Jade master story that
762	01:08:43 --> 01:08:48	he he used, it's like that that really resonates with me. I want to be that. I
763	01:08:48 --> 01:08:52	want to find a jade master. I want to find that. And you know what, I didn't
764	01:08:52 --> 01:08:57	find one, so I had to become him. So that's who I am. Now. I'm Jade master.
765	01:08:57 --> 01:09:06	Okay, that's not Jade so that's why I tell everybody that it's good for you to
766	01:09:06 --> 01:09:09	have failed doing other things, because you're going to really see what you
767	01:09:09 --> 01:09:16	didn't know when you come to me as a new student, I think if I'm being 100%
768	01:09:17 --> 01:09:21	honest, that's the purest way of doing it. But why don't I say that's the best
769	01:09:21 --> 01:09:25	way, because you're going to hear stories, you're going to you're going to
770	01:09:25 --> 01:09:29	see things said about me from people that don't watch what I'm doing in front
771	01:09:29 --> 01:09:33	of you live, they haven't spent years with me doing this thing. Live in front
772	01:09:33 --> 01:09:37	of paid students that able to came out and said, Hey, this guy can't do this.
773	01:09:37 --> 01:09:40	Look. He did it all wrong today. Here's proof, proof, proof. Proof never
774	01:09:40 --> 01:09:47	happened. You're seeing what my private mentorship has saw for years beforehand
775	01:09:47 --> 01:09:55	over live price action every single day. I have never seen anyone ever have the
776	01:09:55 --> 01:09:59	consistency and accuracy that my community has watched me do and perform.
777	01:10:00 --> 01:10:07	On for years, and I've done it where it's meant to encourage you and inspire
778	01:10:07 --> 01:10:13	you, but if you don't have a strong conviction to filter out all the outside
779	01:10:13 --> 01:10:18	noise, because social media has a really big impact on people, if you're not
780	01:10:18 --> 01:10:23	prepared to sit down and say, Okay, I'm going to take what he's going to provide
781	01:10:23 --> 01:10:28	in information, and I'm going to give my give it my 100% effort, and I'm going to
782	01:10:28 --> 01:10:32	filter out any kind of negative. I'm not going to anybody tell me what I think I
783	01:10:32 --> 01:10:36	should think about it. I'm going to see it for myself. Aren't you all adults?
784	01:10:36 --> 01:10:44	You should be adults. Do you feel like you're being tricked here? Does it? Does
785	01:10:44 --> 01:10:49	it look like there's some kind of illusion being perpetrated here, or is
786	01:10:49 --> 01:10:54	it the logic that I'm trying to show that keeps repeating every single day in
787	01:10:54 --> 01:11:01	the world's largest casino, billions of dollars change hands in this stuff. And
788	01:11:01 --> 01:11:07	here's this guy from middle room. Rarely used to deliver pizzas, right? And I'm
789	01:11:07 --> 01:11:10	sitting here telling you what the fluctuations on this thing's doing on a
790	01:11:10 --> 01:11:15	one minute chart. What's the what's the possibilities of that? If it was just
791	01:11:15 --> 01:11:18	luck and continuously keep doing it, right? It's fun, isn't it? And that's
792	01:11:18 --> 01:11:21	what these individuals are going to tell you. But if you but if you come here
793	01:11:21 --> 01:11:26	with a pure mind and you block out everything else, that is the best way to
794	01:11:26 --> 01:11:31	learn, because you're not, you're not muddied up with poor logic, because you
795	01:11:31 --> 01:11:35	end up getting these pet techniques, like I had pet techniques that I picked
796	01:11:35 --> 01:11:38	up in the early years. I was like, I'm convinced that I just gotta figure out
797	01:11:38 --> 01:11:42	how to do this. One better, the stochastics diversions. I love the type
798	01:11:42 --> 01:11:47	two trend following divergence. I like that more than your standard lower low
799	01:11:47 --> 01:11:51	in price and a higher low in the indicator. That was like my favorite
800	01:11:51 --> 01:11:55	thing to see a higher low when the market's bullish. But the stochastic I
801	01:11:55 --> 01:11:59	was using on an hour chart would go lower than the reading it was at the
802	01:12:00 --> 01:12:04	lower low in price. So that's a type two trend following, and they call it hidden
803	01:12:04 --> 01:12:08	divergence. And that's, you know, it later, was picked up when I what was
804	01:12:08 --> 01:12:15	first released by a guy that was producing charts back then. And Nick
805	01:12:15 --> 01:12:18	van, nice is his name, so he's the one that gave it to the community. George
806	01:12:18 --> 01:12:21	Lane didn't event. And I love doing it. I love twisting like because there's so
807	01:12:21 --> 01:12:23	many people out there talking about how this one talking about how this one's
808	01:12:23 --> 01:12:27	the engineer of this one. This one's the founder of this you guys have no idea
809	01:12:27 --> 01:12:30	what you're talking about. Like, you literally don't even know history. You
810	01:12:30 --> 01:12:35	don't know you're just listening other people talk on the internet. So in
811	01:12:35 --> 01:12:39	closing, I'm closing it up now. You got an extra nine minutes from me. No extra
812	01:12:39 --> 01:12:46	charge. The the screen as it looks right now, if you took everything off of it
813	01:12:48 --> 01:12:53	and it was a blank chart, which is what I want you to do. I want you to take a
814	01:12:53 --> 01:12:58	screenshot of mine right here, as it is in the live stream, and then on your own
815	01:12:58 --> 01:13:04	chart. I want you to strip everything away, just price alone. And for my
816	01:13:04 --> 01:13:07	students that have been with me for a long time, try to remember what it was
817	01:13:07 --> 01:13:10	like when you looked at those candlesticks like that and it was
818	01:13:10 --> 01:13:15	completely foreign to you. It was like learning a foreign language you've never
819	01:13:15 --> 01:13:23	seen before. And now everything has a rhyme and a reason. Everything here has
820	01:13:23 --> 01:13:28	a purpose. And when you understand that and you fully appreciate it, it's like
821	01:13:28 --> 01:13:36	rocket fuel. It fuels you, it keeps you going. Here's that gap yesterday I was
822	01:13:36 --> 01:13:42	showing in the markup that was being used as a draw that took us down below
823	01:13:42 --> 01:13:51	the 19,100.50 let's see if we get back up into that today, and then if, if we
824	01:13:51 --> 01:13:58	get above that in here, that's no, let's not do that. If I do anything, I'll show
825	01:13:58 --> 01:14:02	it to you in the afternoon. I've given you enough candy today. Okay, stop being
826	01:14:02 --> 01:14:10	so greedy. So that's the business for today. I think if you're here to learn,
827	01:14:10 --> 01:14:14	you you've you've got some good, good stuff today. You got a chance to watch
828	01:14:14 --> 01:14:19	how my PDA race perform, how price delivered back and forth, and how it
829	01:14:19 --> 01:14:23	sought liquidity, and then work towards that upper end of that opening range
830	01:14:24 --> 01:14:28	gap. So if you like to give me a thumbs up, I promise. I'm the only one who can
831	01:14:28 --> 01:14:31	see it. I wish I could see the thumbs down, because they do make me smile. But
832	01:14:31 --> 01:14:37	I'm at 98% plus in the likes versus the thumbs down. So you guys in the thumbs
833	01:14:37 --> 01:14:40	down category, you gotta get to get those numbers up. If they're they're
834	01:14:40 --> 01:14:43	rookie numbers, and until I'll talk to you tomorrow, Lord willing, it'll
835	01:14:43 --> 01:14:49	probably it might be a London session tomorrow. So it might be, might be
836	01:14:49 --> 01:14:56	meeting tonight, my time, which would be 2am to like four o'clock in the morning.
837	01:14:57 --> 01:15:02	So I promise I'd give you a London session. So. So to tell you for certain,
838	01:15:02 --> 01:15:07	just check my community post today at five o'clock Eastern time that'll either
839	01:15:07 --> 01:15:13	confirm that we will be meeting on live stream at 2am tonight my local time for
840	01:15:13 --> 01:15:18	Thursday's trading, or if it'll be Thursday nights for Friday's trading,
841	01:15:19 --> 01:15:22	it'll either be one or the other but if I'm not going to do London tonight, I'll
842	01:15:22 --> 01:15:27	be back tomorrow at opening bell, around 930 or so, and so I'll talk to you. Dan
843	01:15:27 --> 01:15:28	Lord Billy, be safe. I.

ICT YT - 2024-09-04 - ICT 2024 Mentorship - Lecture 22

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