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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.