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2 |1 |00:02:22 ~-~-> 00:02:23 |ICT: Good Morning, folks.
3 |2 |00:02:30 ~-~-> 00:02:44 |Happy Hump Day. You see that the old commercial deck I come Don't do alright.
4 |3 |00:02:44 ~-~-> 00:02:52 |So hope you're all doing well. I'm a little lethargic today. You ever had
5 |4 |00:02:52 ~-~-> 00:02:55 |those lazy days you just don't want to go to bed? The weather's starting to
6 |5 |00:02:55 ~-~-> 00:03:02 |change here. It's getting cooler. I love it. So we are looking at, if everything
7 |6 |00:03:02 ~-~-> 00:03:10 |is copacetic, I should be seeing a 15 minute time frame of the Bitcoin. And
8 |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
9 |8 |00:03:18 ~-~-> 00:03:23 |looking at the the NASDAQ. I don't do anything with crypto, but just want to
10 |9 |00:03:23 ~-~-> 00:03:30 |make sure you're paying attention. Alright, so we had, I got one little
11 |10 |00:03:30 ~-~-> 00:03:35 |artifact left. Let me get that over there. Like to keep this previous day
12 |11 |00:03:35 ~-~-> 00:03:38 |stuff off my chart. They're on my notepad, but they're not supposed to be
13 |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
14 |13 |00:03:42 ~-~-> 00:03:51 |just ranging between the August 13, 2024, daily fair value gap. Hi, shown
15 |14 |00:03:51 ~-~-> 00:03:58 |here, if you watch the presentation on my YouTube yesterday, that was a
16 |15 |00:03:58 ~-~-> 00:04:05 |recorded not I'm sorry. On my son's YouTube channel, which I linked on my
17 |16 |00:04:05 ~-~-> 00:04:10 |community post, I got a lot of questions, obviously asking, you know,
18 |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
19 |18 |00:04:17 ~-~-> 00:04:21 |about what it is I'm showing him. If I talk about everything, I'm annotating on
20 |19 |00:04:21 ~-~-> 00:04:24 |the chart, and I say, do you see that? Do you understand that? And him just
21 |20 |00:04:24 ~-~-> 00:04:29 |simply doing caveman grunts like or, Yes, sir, that's not really that
22 |21 |00:04:29 ~-~-> 00:04:34 |engaging. So I want to get through the content to get him up to speed, not as
23 |22 |00:04:34 ~-~-> 00:04:41 |fast, but as reasonable in terms of time. So like I said, he is not a rocket
24 |23 |00:04:41 ~-~-> 00:04:46 |scientist when it comes to trading, he's got to learn the same thing you do in
25 |24 |00:04:46 ~-~-> 00:04:51 |the language and whatnot. So I'm exposing him to seeing the over and over
26 |25 |00:04:51 ~-~-> 00:04:55 |repeating phenomenon and how to also journal. So that's what his channel will
27 |26 |00:04:55 ~-~-> 00:05:02 |be like for the first couple weeks. But he'll. In there, jaw burning with me,
28 |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
29 |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
30 |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
31 |30 |00:05:16 ~-~-> 00:05:24 |other. So anyway, we're into between August 13 daily fair value gap high, and
32 |31 |00:05:24 ~-~-> 00:05:30 |it's consequent encroachment. Midpoint in here is the low of that. And we are
33 |32 |00:05:30 ~-~-> 00:05:38 |now two, almost two and a half minutes into the opening. We have a very large
34 |33 |00:05:39 ~-~-> 00:05:48 |discount gap. So we'll look at that when we're trading hours. See that here. So
35 |34 |00:05:48 ~-~-> 00:05:51 |there are rather large opening range gap we're
36 |35 |00:06:07 ~-~-> 00:06:19 |okay and go back down to electronic trading hours now and the daily chart
37 |36 |00:06:22 ~-~-> 00:06:34 |that is the fair value cat here showed this on the markup yesterday on Caleb's
38 |37 |00:06:34 ~-~-> 00:06:37 |channel. If you don't know what his channel is, there's a couple people out
39 |38 |00:06:37 ~-~-> 00:06:41 |there trying to pretend to be him. Obviously, it's, I think he's got like
40 |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
41 |40 |00:06:47 ~-~-> 00:06:54 |talking on them, but I always will link his most recent video on my community
42 |41 |00:06:54 ~-~-> 00:06:59 |post on my YouTube channel. So the fairway gap here on the 13th of August,
43 |42 |00:06:59 ~-~-> 00:07:03 |that's what's being highlighted with this candle sticks low as it's high.
44 |43 |00:07:03 ~-~-> 00:07:07 |This candle sticks high as it's low. And the midpoint right there for that fair
45 |44 |00:07:07 ~-~-> 00:07:11 |value gap, this is a buy side and balance outside efficiency, and then
46 |45 |00:07:11 ~-~-> 00:07:18 |back down into a tenant time frame. I have Tuesdays, September 3, daily low
47 |46 |00:07:18 ~-~-> 00:07:28 |noted. So we're working around that as well. For your notes, Caleb, you need to
48 |47 |00:07:28 ~-~-> 00:07:32 |be making sure that you are aware that after very large ranges, whether the
49 |48 |00:07:32 ~-~-> 00:07:40 |updates or down days, whenever there is a large range, day previous to the new
50 |49 |00:07:40 ~-~-> 00:07:43 |day starting like right now. We're looking at a new day trading the am
51 |50 |00:07:43 ~-~-> 00:07:48 |session. It's better for you to sit on your hands and not do anything
52 |51 |00:07:48 ~-~-> 00:07:51 |initially, until you get more experience. Obviously, you can trade
53 |52 |00:07:51 ~-~-> 00:07:54 |them after you understand a little bit better what it is you're trying to do.
54 |53 |00:07:54 ~-~-> 00:07:58 |But initially I tell my students not to try to trade the morning session after a
55 |54 |00:07:58 ~-~-> 00:08:02 |large range day, because it could be fickle. Fickle is where the market is
56 |55 |00:08:02 ~-~-> 00:08:06 |basically doing things like this, back and forth, back and forth, and it's not
57 |56 |00:08:06 ~-~-> 00:08:13 |all that engaging. It can be, but it's typically not the case. And while you're
58 |57 |00:08:13 ~-~-> 00:08:16 |learning, you don't want to discover that you don't have as much experience
59 |58 |00:08:16 ~-~-> 00:08:20 |as you thought you did. Trying to trade on after a large range day, it's better
60 |59 |00:08:20 ~-~-> 00:08:26 |to trade in the afternoon session. You probably think, why didn't you last year
61 |60 |00:08:26 ~-~-> 00:08:35 |in the afternoon session? Because I have a life. All right. So we are looking at
62 |61 |00:08:35 ~-~-> 00:08:44 |a 15 minute time frame. We have a little bit of an inefficiency right up in here,
63 |62 |00:08:44 ~-~-> 00:08:48 |and it goes to the opening range, mid point, or that consequent encroachment,
64 |63 |00:08:48 ~-~-> 00:08:53 |so that level right there, okay, that line, so we can drop into a five real
65 |64 |00:08:53 ~-~-> 00:08:59 |quick. I would have liked to seen that get cleaned up a little bit before it
66 |65 |00:08:59 ~-~-> 00:09:00 |did this, But that's okay.
67 |66 |00:09:12 ~-~-> 00:09:14 |Can mid, mid gap is here. I
68 |67 |00:09:29 ~-~-> 00:09:44 |first presentation is here. So it's your first Fairbank out there you and I'm
69 |68 |00:09:44 ~-~-> 00:09:51 |only going to hang out with you guys until around 1030 today. Okay, so not
70 |69 |00:09:51 ~-~-> 00:10:01 |too much candy. I'm going to take that midline off. I'm. It's a little
71 |70 |00:10:01 ~-~-> 00:10:03 |distracting for me. You can always keep it on yours.
72 |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
73 |72 |00:10:17 ~-~-> 00:10:22 |and three quarters respectively. Here. So I'd like to see it trade to mid gap,
74 |73 |00:10:24 ~-~-> 00:10:28 |and then maybe explore a return back into here, if it leaves the upper
75 |74 |00:10:28 ~-~-> 00:10:34 |portion above and open between here and here, and starts to roll over, and we
76 |75 |00:10:34 ~-~-> 00:10:41 |take out the low formed in the opening range, we might get down into the August
77 |76 |00:10:41 ~-~-> 00:10:49 |13 fair value gap, low that level down here. So just keeping it relaxed this
78 |77 |00:10:49 ~-~-> 00:10:53 |morning, not trying to be too hard pressed on what I want to see. In other
79 |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
80 |79 |00:10:57 ~-~-> 00:11:01 |narrative right now and just exploring both sides of it. Today we've taken by
81 |80 |00:11:01 ~-~-> 00:11:08 |side here, initially traded down into the low of the Fairbank. Up here, you
82 |81 |00:11:09 ~-~-> 00:11:14 |can see there's a volume imbalance there, but that naturally gets worked
83 |82 |00:11:14 ~-~-> 00:11:17 |out because of the candlesticks high right there. We
84 |83 |00:11:24 ~-~-> 00:11:26 |Poppy ICT,
85 |84 |00:11:31 ~-~-> 00:11:36 |all right, so because we've taken buy side here now we have a little bit of
86 |85 |00:11:37 ~-~-> 00:11:43 |South sides layered up in here. Nice and concise right there, so we could see it
87 |86 |00:11:44 ~-~-> 00:11:50 |with down below that, maybe attack the consequent encroachment again on that
88 |87 |00:11:50 ~-~-> 00:12:01 |August 13 daily fair value gap, back inside of the first presentation of the
89 |88 |00:12:01 ~-~-> 00:12:16 |fairway gap opening range defined by 930 here to 10 o'clock. Okay, anything other
90 |89 |00:12:16 ~-~-> 00:12:21 |than that is just someone telling you a gimmick that's this is what the
91 |90 |00:12:21 ~-~-> 00:12:26 |algorithm refers to. You'll see it. If you study it, you'll see it's always
92 |91 |00:12:26 ~-~-> 00:12:30 |implementing the information you're getting in that first 30 minutes.
93 |92 |00:12:30 ~-~-> 00:12:35 |Sometimes a trade sets up. Sometimes the trade is after this, but you're
94 |93 |00:12:35 ~-~-> 00:12:39 |affording yourself the opportunity to at least study and seek that first fair
95 |94 |00:12:39 ~-~-> 00:12:45 |value gap on Trending days, you only get one chance with these, and it just keeps
96 |95 |00:12:45 ~-~-> 00:12:51 |on ripping, going one way or the other. Any day that's not a non trending day,
97 |96 |00:12:51 ~-~-> 00:12:55 |you'll you'll get several instances where it wants to come back to it offer
98 |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
99 |98 |00:13:08 ~-~-> 00:13:12 |that fair value gap right there. And that is classic. This is the reason why,
100 |99 |00:13:12 ~-~-> 00:13:16 |I tell you, sit still, Caleb, don't do anything or hold yourself to a high
101 |100 |00:13:16 ~-~-> 00:13:22 |expectation. On morning sessions. After a large range day numbers, we had a
102 |101 |00:13:22 ~-~-> 00:13:27 |really big candlestick on the daily chart yesterday, so the morning sessions
103 |102 |00:13:27 ~-~-> 00:13:34 |can have a little bit of distortion where the setups may not be as crisp,
104 |103 |00:13:34 ~-~-> 00:13:38 |they may not be as clean, they may not be as obvious to you, because your
105 |104 |00:13:38 ~-~-> 00:13:41 |experience level is not sufficient enough. And that's the reason why I
106 |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
107 |106 |00:13:44 ~-~-> 00:13:48 |setup. It just means that, you know, while you're learning, it's important to
108 |107 |00:13:48 ~-~-> 00:13:55 |try to, you know, give yourself flexibility and don't demand so much. On
109 |108 |00:13:55 ~-~-> 00:14:00 |a day after a large range day, it could create another continuation of a large
110 |109 |00:14:00 ~-~-> 00:14:06 |range day the next day. But in my experience, it's a little bit cleaner in
111 |110 |00:14:06 ~-~-> 00:14:10 |the afternoon because it's like, oh well, we've done enough damage for
112 |111 |00:14:10 ~-~-> 00:14:15 |people to want to participate. In other words, everybody seen it was a down day
113 |112 |00:14:15 ~-~-> 00:14:21 |yesterday. So the logical perspective for the people that are always coming to
114 |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
115 |114 |00:14:26 ~-~-> 00:14:32 |that, it generally is like engineering liquidity to be ran on for for buy side,
116 |115 |00:14:33 ~-~-> 00:14:37 |not always, but generally that's kind of like the ML. So
117 |116 |00:14:46 ~-~-> 00:14:49 |a point in saying that is usually the bodies will stay inside the Fairbank
118 |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
119 |118 |00:14:54 ~-~-> 00:14:58 |day, it can be a little bit fuzzy color outside the lines a little bit more, and
120 |119 |00:14:58 ~-~-> 00:15:02 |it could cause confusion. Action. It could cause doubt, it can make you
121 |120 |00:15:02 ~-~-> 00:15:07 |second guess, or it may cause you to have no real convictions to buy or sell.
122 |121 |00:15:08 ~-~-> 00:15:12 |So it just it's better for you in the beginning, Caleb, to just sit still and
123 |122 |00:15:12 ~-~-> 00:15:17 |just observe. Now we're back to Tuesday's daily low again in here,
124 |123 |00:15:21 ~-~-> 00:15:31 |again. And mid. Mid gap is here, 70% Sam, 70% of time between 930 and 10
125 |124 |00:15:31 ~-~-> 00:15:33 |o'clock. That level is usually treated to I.
126 |125 |00:15:40 ~-~-> 00:15:48 |You want to screenshot that.
127 |126 |00:15:56 ~-~-> 00:16:01 |Okay, so you want to see how in your notes, you want to log this event where
128 |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
129 |128 |00:16:08 ~-~-> 00:16:16 |traded to first presentation, fair value gap. And the key takeaway is note how
130 |129 |00:16:16 ~-~-> 00:16:23 |distorted this one is. Okay, this is classic after a large range day. Now, if
131 |130 |00:16:23 ~-~-> 00:16:27 |it wasn't a large range day yesterday, again, then we're looking for end dog up
132 |131 |00:16:27 ~-~-> 00:16:36 |here. If it weren't a large range day yesterday, this tends to be more uni
133 |132 |00:16:36 ~-~-> 00:16:42 |uniform, and it stays in respect. Now, the wicks can come outside of that fair
134 |133 |00:16:42 ~-~-> 00:16:48 |value gap, but the bodies tend to be more respective to the range defining
135 |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
136 |135 |00:16:52 ~-~-> 00:16:56 |and to touch the midpoint, which is always the case, we're going into that
137 |136 |00:16:56 ~-~-> 00:17:02 |if there's a large range gap, that Gap's lower, like we have here, where we
138 |137 |00:17:02 ~-~-> 00:17:06 |opened up lower than where we settled yesterday. At settlement, we have a
139 |138 |00:17:06 ~-~-> 00:17:10 |discount gap. That means it's more likely to trade up seeking some measure
140 |139 |00:17:10 ~-~-> 00:17:18 |of buy side. And then, if you have the fair value gap here form, after a large
141 |140 |00:17:18 ~-~-> 00:17:24 |range day, it can act a little muddy like this, okay? And this is not
142 |141 |00:17:24 ~-~-> 00:17:29 |something that indicates that they're changing the algorithm. It doesn't mean
143 |142 |00:17:29 ~-~-> 00:17:35 |that they're out there doing traps on SMC. That is silly. That's that's people
144 |143 |00:17:35 ~-~-> 00:17:37 |talking about things they don't understand because he trying to get you
145 |144 |00:17:37 ~-~-> 00:17:41 |to buy their course. Okay, uh, does it look like I'm getting trapped? Looks
146 |145 |00:17:41 ~-~-> 00:17:46 |like I'm smashing everything, doesn't it look looks like precision brain surgery
147 |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
148 |147 |00:17:51 ~-~-> 00:17:56 |that stuff I'm proving every single day. My students are growing in their
149 |148 |00:17:56 ~-~-> 00:18:01 |understanding. And I love the fact that the the comment sections like really
150 |149 |00:18:01 ~-~-> 00:18:05 |positive, which is encouragement to me, because usually I'm talking to Caleb,
151 |150 |00:18:05 ~-~-> 00:18:11 |it's like, Uh huh. And he, he struggles with some of the things, because it's,
152 |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
153 |152 |00:18:17 ~-~-> 00:18:20 |a strong, academic child. And I can say that about my son, because I love him,
154 |153 |00:18:20 ~-~-> 00:18:24 |and it's the truth. So he he's not looking at this stuff and saying, This
155 |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
156 |155 |00:18:28 ~-~-> 00:18:31 |like to use this, because I've talked about other things in the past, and it's
157 |156 |00:18:31 ~-~-> 00:18:35 |just like deer in headlights. So I'm focusing on the fair value gap, not
158 |157 |00:18:35 ~-~-> 00:18:40 |because the fair value gap is the best PD array I have, because it isn't the
159 |158 |00:18:40 ~-~-> 00:18:44 |best ones you'll never learn, but the fair value gap is the one that's
160 |159 |00:18:44 ~-~-> 00:18:48 |obvious. It's obvious. You can see it. They think they can't hide it obviously.
161 |160 |00:18:49 ~-~-> 00:18:52 |And then when you add to elements to it, like, you know, the first 30 minutes,
162 |161 |00:18:52 ~-~-> 00:18:55 |which is the real opening range, the algorithm will see that first
163 |162 |00:18:55 ~-~-> 00:19:01 |inefficiency right here. And while it does color outside the lines a little
164 |163 |00:19:01 ~-~-> 00:19:04 |bit for the students that have been with me longer than just today or yesterday
165 |164 |00:19:04 ~-~-> 00:19:10 |or just in the 2024 mentorship, invariably, you'll hear people say, Oh,
166 |165 |00:19:10 ~-~-> 00:19:16 |he's, he's farm fitting. He's, he's making it fit for this individual
167 |166 |00:19:16 ~-~-> 00:19:20 |circumstance. But they have always heard me, and you can hear it in the core
168 |167 |00:19:20 ~-~-> 00:19:25 |content in the 2016 2017 mentorship, where I talk about trading after large
169 |168 |00:19:25 ~-~-> 00:19:29 |Range Days, you want to sit still in the morning session, the high probability
170 |169 |00:19:29 ~-~-> 00:19:33 |setups will be in the afternoon. And if you are more inclined, because of your
171 |170 |00:19:33 ~-~-> 00:19:36 |experience level, afford you to do it. You can trade a morning session,
172 |171 |00:19:36 ~-~-> 00:19:42 |obviously, but you have to be more versed on what it is that's going to
173 |172 |00:19:42 ~-~-> 00:19:47 |most likely happen for you that goes, you know, takes you into tilt, in other
174 |173 |00:19:47 ~-~-> 00:19:50 |words, where you're going to go and start going back and forth, buying and
175 |174 |00:19:50 ~-~-> 00:19:54 |selling, buying and selling. And that's usually what I have seen with students
176 |175 |00:19:54 ~-~-> 00:19:59 |that try to trade even with my concepts, if they're too premature with their
177 |176 |00:19:59 ~-~-> 00:20:02 |understanding. NH, I think just get out there and try to trade because they want
178 |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
179 |178 |00:20:06 ~-~-> 00:20:13 |end dog. They end up hurting themselves, not financially, because they're well,
180 |179 |00:20:13 ~-~-> 00:20:16 |some of them have because they trade with real money before they know what
181 |180 |00:20:16 ~-~-> 00:20:20 |they're doing when they over leverage and they over trade. So they try to do
182 |181 |00:20:20 ~-~-> 00:20:25 |too much. So by having rules like this and having protocols, it helps, at least
183 |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
184 |183 |00:20:29 ~-~-> 00:20:33 |there are risks, and if you don't follow and appreciate those risks, just because
185 |184 |00:20:33 ~-~-> 00:20:37 |my concepts look really, really good in my hands and my other students that are
186 |185 |00:20:37 ~-~-> 00:20:40 |proving that they're being profitable with them, doesn't mean out the gate,
187 |186 |00:20:40 ~-~-> 00:20:43 |you're going to be able to do that without any adversities. So it's why
188 |187 |00:20:43 ~-~-> 00:20:48 |it's important for the first six months to a year, you have to have very, very
189 |188 |00:20:48 ~-~-> 00:20:51 |low expectations on yourself, and that way, every time you get a milestone in
190 |189 |00:20:51 ~-~-> 00:20:56 |your development, it needs to be cheerleaded. It needs to be celebrated,
191 |190 |00:20:56 ~-~-> 00:21:00 |you know, not online with social media, but in your journal and so on you can
192 |191 |00:21:00 ~-~-> 00:21:04 |confide in. Okay? It's better. It's better that it's not your spouse or your
193 |192 |00:21:04 ~-~-> 00:21:10 |significant other, because money usually is a problem for relationships, and
194 |193 |00:21:10 ~-~-> 00:21:14 |they're not going to see it the same way you are. And these small, little micro
195 |194 |00:21:14 ~-~-> 00:21:19 |advances in your understanding, they're huge. They're huge in the beginning, and
196 |195 |00:21:19 ~-~-> 00:21:24 |you really want to encapsulate that in your journal, but someone that may be a
197 |196 |00:21:24 ~-~-> 00:21:30 |fellow student, maybe online, if you are in different circles, where they're
198 |197 |00:21:30 ~-~-> 00:21:34 |using the content whatever, it's encouragement to see like minded
199 |198 |00:21:34 ~-~-> 00:21:37 |individuals, you bounce ideas off and whatnot, but not for sake of
200 |199 |00:21:37 ~-~-> 00:21:40 |competition, because that's that's the worst thing you can do, is have a
201 |200 |00:21:40 ~-~-> 00:21:48 |competitive mindset while you're learning. So what I'm watching here is
202 |201 |00:21:48 ~-~-> 00:21:52 |the spot side of balance, cell sign and efficiency, and I'm looking at where we
203 |202 |00:21:52 ~-~-> 00:21:58 |are in relationship to the middle of that. I got all my extensions on here.
204 |203 |00:21:58 ~-~-> 00:22:03 |Get that one. Here's the opportunity for your screenshot. My secret Fibonacci
205 |204 |00:22:03 ~-~-> 00:22:07 |settings. Don't tell anybody these settings. If you tell them these
206 |205 |00:22:07 ~-~-> 00:22:10 |settings, they're going to change the algo, and then I'm out of business.
207 |206 |00:22:10 ~-~-> 00:22:17 |Can't, can't have that. Okay. So here is consequent encroachment. It's the middle
208 |207 |00:22:17 ~-~-> 00:22:25 |of the range defined by this candle as well, and that candle sticks high. Okay,
209 |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
210 |209 |00:22:30 ~-~-> 00:22:32 |doesn't come back and touch the midpoint down here. How
211 |210 |00:22:40 ~-~-> 00:22:46 |many cuss words have I said today? Told you, I told you, it's just a character.
212 |211 |00:22:47 ~-~-> 00:22:57 |Get people talking. Master of Marketing. O, i c t, what are we gonna do with you?
213 |212 |00:22:58 ~-~-> 00:23:09 |Love me. I know you do alright. So again, post large Range Days. That means
214 |213 |00:23:09 ~-~-> 00:23:14 |you're defining that on the basis of a daily chart. Obviously, your daily chart
215 |214 |00:23:14 ~-~-> 00:23:19 |for NQ is most likely going to show a very large down close candle for
216 |215 |00:23:19 ~-~-> 00:23:25 |yesterday, as it should, because it was a large range day. Two things we have to
217 |216 |00:23:25 ~-~-> 00:23:32 |understand. It closed on a low, so it's bearish, and then the public is going to
218 |217 |00:23:32 ~-~-> 00:23:38 |want to go in the very next day. You want to screenshot that. By the way,
219 |218 |00:23:38 ~-~-> 00:23:43 |Caleb, when you're when you're watching the charts like this, you're going to
220 |219 |00:23:43 ~-~-> 00:23:49 |hold down function and tap the shift key for your your laptop, and that way
221 |220 |00:23:49 ~-~-> 00:23:54 |you'll you'll be able to capture it. Trading view has a little function in
222 |221 |00:23:54 ~-~-> 00:23:59 |the upper right hand corner. It has like a little camera. I don't really like
223 |222 |00:23:59 ~-~-> 00:24:03 |that one, because it kind of like squishes the chart down. And I like to
224 |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
225 |224 |00:24:07 ~-~-> 00:24:13 |have as much of the real estate on the on the chart that's afforded to me,
226 |225 |00:24:13 ~-~-> 00:24:18 |because I want to have the candles large and broad enough where you can really
227 |226 |00:24:18 ~-~-> 00:24:22 |appreciate the bodies and pick out where the opens and closes are, like, like,
228 |227 |00:24:22 ~-~-> 00:24:29 |that's a real nice perspective, like that. Okay, so when you're in the the
229 |228 |00:24:30 ~-~-> 00:24:35 |process of trading, or, like most of you right now are trying to learn how to do
230 |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
231 |230 |00:24:41 ~-~-> 00:24:45 |here pushing the button or demo trading, because I have to see some kind of
232 |231 |00:24:45 ~-~-> 00:24:51 |results. When you journal and you're taking pictures and screenshots of
233 |232 |00:24:51 ~-~-> 00:24:54 |things that are repeating, especially from things like when I'm doing them a
234 |233 |00:24:54 ~-~-> 00:24:59 |live streams like this, it gives you context. Okay, imagine if you didn't
235 |234 |00:24:59 ~-~-> 00:25:04 |have. Got the understanding of my new do opening gap. Imagine if you didn't have
236 |235 |00:25:04 ~-~-> 00:25:09 |the understanding of the opening range, which is the 30 minutes after opening
237 |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%
238 |237 |00:25:14 ~-~-> 00:25:19 |of the time, the algorithm will reprice to half the gap between 930 and 10
239 |238 |00:25:19 ~-~-> 00:25:25 |o'clock. And imagine that you didn't get taught, not just this lecture, but all
240 |239 |00:25:25 ~-~-> 00:25:32 |throughout the the discussion about how retail, you know, street money versus a
241 |240 |00:25:32 ~-~-> 00:25:36 |smart money's perspective. When there's an arm wrestling match between those two
242 |241 |00:25:36 ~-~-> 00:25:40 |categories of traders or mindsets, street money is going to fall victim
243 |242 |00:25:40 ~-~-> 00:25:44 |every single time, every single time they're going to fall victim to it, and
244 |243 |00:25:44 ~-~-> 00:25:48 |it's because they're trying. They're chasing impulsive natures and
245 |244 |00:25:48 ~-~-> 00:25:54 |tendencies, meaning that yesterday they saw a big down day. And while I cannot
246 |245 |00:25:54 ~-~-> 00:25:59 |trade with my students, you know, expecting me to walk the walk as I as I
247 |246 |00:25:59 ~-~-> 00:26:05 |talk it, when I do the lectures that say after holiday, you want to sit still in
248 |247 |00:26:05 ~-~-> 00:26:10 |the morning session? Well, ICT, sounds like you never take a trade. Clearly,
249 |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
250 |249 |00:26:16 ~-~-> 00:26:21 |to you know, to say that you can't trade in the morning session after a holiday.
251 |250 |00:26:21 ~-~-> 00:26:27 |I'm taking a great deal of caution, because I respect the role that you're
252 |251 |00:26:27 ~-~-> 00:26:32 |holding me to as an educator, as a teacher, as a mentor, a teacher or a
253 |252 |00:26:32 ~-~-> 00:26:39 |mentor that's worth his weight or her weight. And insult I'm I'm trying to
254 |253 |00:26:39 ~-~-> 00:26:45 |give you all the advantages and remove all of the problem, things that I
255 |254 |00:26:45 ~-~-> 00:26:50 |endured painfully. So I lost fortunes learning how to do this before I got
256 |255 |00:26:50 ~-~-> 00:26:54 |good, I lost fortunes, more money than probably most of you will ever make in
257 |256 |00:26:54 ~-~-> 00:26:57 |your lifetime. You would have quit. Nobody would have went through what I
258 |257 |00:26:57 ~-~-> 00:27:03 |was willing to go through. But because I teach this way, it affords you the
259 |258 |00:27:03 ~-~-> 00:27:09 |luxuries of comfort and safety from the sidelines, and you can watch, observe.
260 |259 |00:27:09 ~-~-> 00:27:13 |Do these rules work in a manner that would have protected me if I wouldn't
261 |260 |00:27:13 ~-~-> 00:27:18 |have listened to them? Sometimes, there's been instances where I'll say,
262 |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
263 |262 |00:27:25 ~-~-> 00:27:30 |trade. You know, don't trade the morning session. Obviously, the the continuation
264 |263 |00:27:30 ~-~-> 00:27:34 |of that thought process is you can always trade the afternoon session. And
265 |264 |00:27:34 ~-~-> 00:27:37 |you saw me do that yesterday, and I teach, and I have taught the time
266 |265 |00:27:37 ~-~-> 00:27:42 |aspects of the pm session. It begins at 1:30pm Eastern Time. That means you can
267 |266 |00:27:42 ~-~-> 00:27:46 |start looking for a setup then. And then you have the understanding of the two
268 |267 |00:27:46 ~-~-> 00:27:51 |o'clock macro, which is 150 to 210 then you can see how the market wants to
269 |268 |00:27:51 ~-~-> 00:27:56 |continue with its kind of like atmosphere of going lower yesterday. And
270 |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
271 |270 |00:28:06 ~-~-> 00:28:11 |open yesterday. Could I have done it inside the daily imbalance, where it
272 |271 |00:28:11 ~-~-> 00:28:14 |went back and hit consequent version, that's where my entry would have been.
273 |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
274 |273 |00:28:17 ~-~-> 00:28:22 |YouTube channel. That would have been my entry for the morning session, and then
275 |274 |00:28:22 ~-~-> 00:28:25 |holding on to it. Now I probably would have had probably two or three contracts
276 |275 |00:28:26 ~-~-> 00:28:30 |rolling into the 130 time period, and then I had to weigh out whether I wanted
277 |276 |00:28:30 ~-~-> 00:28:34 |to do anything else. In addition to that, that's how I would have handled
278 |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
279 |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
280 |279 |00:28:42 ~-~-> 00:28:47 |logic that I call for specific levels, and when the date and the time and the
281 |280 |00:28:47 ~-~-> 00:28:50 |setup is there, then I'll engage it. And then you get to see, you know, precision
282 |281 |00:28:50 ~-~-> 00:28:57 |elements again, like yesterday's trade. But if you're not versed or used to
283 |282 |00:28:57 ~-~-> 00:29:01 |seeing the things that I do, very consistently, very precise, it just
284 |283 |00:29:01 ~-~-> 00:29:04 |seems like, wow, he just said he would have done something, but you didn't do
285 |284 |00:29:04 ~-~-> 00:29:10 |it, bro. And I know there's new students. There's new people coming in
286 |285 |00:29:10 ~-~-> 00:29:13 |here all the time, and you're really selling yourself short, if you hold that
287 |286 |00:29:13 ~-~-> 00:29:19 |mindset. And some of my best students were ones that actually doubted me, the
288 |287 |00:29:19 ~-~-> 00:29:24 |ones that had, you know, real stiff criticisms of me, and because they were
289 |288 |00:29:24 ~-~-> 00:29:29 |much more convicted in their stance against what it is I teach. There is no
290 |289 |00:29:29 ~-~-> 00:29:34 |algorithm. It's, you know, it's spelling its own pressure. There's no proof of
291 |290 |00:29:34 ~-~-> 00:29:38 |execution. There's no this, there's no that. And then finally, when they went
292 |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
293 |292 |00:29:41 ~-~-> 00:29:44 |proven wrong. I'm going to prove him wrong. That's the that's the trap.
294 |293 |00:29:44 ~-~-> 00:29:49 |That's the smart money concept. Trap is I'm causing people to doubt enough to
295 |294 |00:29:49 ~-~-> 00:29:52 |come into it and try to debunk it. And when they go through the process
296 |295 |00:29:52 ~-~-> 00:29:56 |correctly, they become converted, and they can't see the market any other way,
297 |296 |00:29:56 ~-~-> 00:29:58 |and they have a better perspective on reading price action, which is my
298 |297 |00:29:58 ~-~-> 00:30:01 |intended purpose here. Like, I'm not trying to be smarter than everybody
299 |298 |00:30:01 ~-~-> 00:30:06 |else. I'm not trying to be the most popular one. I'm just trying to teach
300 |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
301 |300 |00:30:10 ~-~-> 00:30:20 |better chance that you'll find success doing it. But here we've had a couple
302 |301 |00:30:20 ~-~-> 00:30:26 |things happen. We have had the market open at 930 we have small little drop
303 |302 |00:30:26 ~-~-> 00:30:31 |down. And then rally dot created the first Fairbank gap here, shaded in, like
304 |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
305 |304 |00:30:47 ~-~-> 00:30:51 |see that, that is when we're opening the lower like we did here from yesterday's
306 |305 |00:30:51 ~-~-> 00:30:56 |settlement price. Let me go one more time back to record trading hours. So
307 |306 |00:30:56 ~-~-> 00:31:01 |here's the previous settlement price. Here, it's the close, and this is the
308 |307 |00:31:01 ~-~-> 00:31:05 |opening price down here. Since this is a small little up close candle here, it's
309 |308 |00:31:05 ~-~-> 00:31:11 |the open as the first traded price at 930 and where we settled or where we
310 |309 |00:31:11 ~-~-> 00:31:15 |stopped trading, when you're using regular trading hours on your chart down
311 |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
312 |311 |00:31:22 ~-~-> 00:31:28 |or purchase anything from them, but I don't know what plan that trading View
313 |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
314 |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
315 |314 |00:31:37 ~-~-> 00:31:42 |it. So I don't have any kind of direct connection with them. This is the
316 |315 |00:31:42 ~-~-> 00:31:47 |platform that my community said I should use when we left. MT four, MT five. I
317 |316 |00:31:47 ~-~-> 00:31:54 |never wanted to use it, but regular trading hours just toggled here. And for
318 |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
319 |318 |00:31:59 ~-~-> 00:32:05 |the previous day, and we open down here. So this is a discount opening range gap.
320 |319 |00:32:05 ~-~-> 00:32:09 |That means we opened lower than the previous settlement price. If we were to
321 |320 |00:32:09 ~-~-> 00:32:13 |gap open higher than that price, that means we are a premium opening range
322 |321 |00:32:13 ~-~-> 00:32:20 |gap. And you want to know the midpoint, which is this here, that middle line
323 |322 |00:32:21 ~-~-> 00:32:28 |that defines where 70% of the time the market will trade back up into it now
324 |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
325 |324 |00:32:45 ~-~-> 00:32:49 |as the volume of balance on the daily chart. And here's the opening range
326 |325 |00:32:49 ~-~-> 00:32:55 |yesterday. Same premise, previous days settlement, we opened down here, and
327 |326 |00:32:55 ~-~-> 00:32:59 |that little tiny wick right there was all that it mustered to get into the
328 |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
329 |328 |00:33:03 ~-~-> 00:33:10 |one quarter of the opening range, and just fell out of bed. So that is the
330 |329 |00:33:15 ~-~-> 00:33:21 |difference between it doing what 70% of the time it's more likely to do, and
331 |330 |00:33:21 ~-~-> 00:33:28 |because it's a gap opening lower, that means you have a 70% chance of seeing
332 |331 |00:33:28 ~-~-> 00:33:31 |trade back into the middle of the gap, meaning it's going to go up initially.
333 |332 |00:33:32 ~-~-> 00:33:36 |We're not trying to predict, as a student you know Caleb, you're not
334 |333 |00:33:36 ~-~-> 00:33:40 |trying to determine the full gap closure. But if there's a new day
335 |334 |00:33:40 ~-~-> 00:33:44 |opening gap, or a new week opening gap inside of the opening range gap that's
336 |335 |00:33:44 ~-~-> 00:33:48 |above the midpoint of the gap, that's we're indicating here, that means we're
337 |336 |00:33:48 ~-~-> 00:33:54 |opening lower than where we settled. That means a gap high is here, and the
338 |337 |00:33:54 ~-~-> 00:34:00 |midpoint is here. So you have a very strong 70% of the time if you start, if
339 |338 |00:34:00 ~-~-> 00:34:04 |you start tracking this and doing it every single day, journaling like this,
340 |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
341 |340 |00:34:13 ~-~-> 00:34:22 |using pre electronic trading, using Globex numbers. Okay, so move right
342 |341 |00:34:22 ~-~-> 00:34:29 |there after hitting and dog. Beautiful. So we have news. Came about 10 o'clock.
343 |342 |00:34:29 ~-~-> 00:34:36 |That's what we're seeing. Their knee jerk reaction to and back down into
344 |343 |00:34:36 ~-~-> 00:34:41 |that. I'm going to take the open range parameters off here. Don't need them
345 |344 |00:34:41 ~-~-> 00:34:46 |anymore, and back into regular trading hours, and you should be upsetting that
346 |345 |00:34:46 ~-~-> 00:34:51 |cell side. That's what you're looking at earlier. All that right there targeted
347 |346 |00:34:51 ~-~-> 00:34:55 |after hitting New Day opening gap. So again, you want to take a screenshot of
348 |347 |00:34:55 ~-~-> 00:34:58 |that and label that with cell side. I.
349 |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
350 |349 |00:35:06 ~-~-> 00:35:10 |lower end of that blue shaded area, that blue shaded area is your opening range
351 |350 |00:35:10 ~-~-> 00:35:16 |gap. And then we have the August 13 daily fear that you got below. I
352 |351 |00:35:32 ~-~-> 00:35:42 |neat price going up to some random level, some invisible fortress, it says
353 |352 |00:35:43 ~-~-> 00:35:47 |not fortress, but barriers just you're not going to pass. You can't go any
354 |353 |00:35:47 ~-~-> 00:35:53 |higher, bro, gotta go down. Goes right too quickly. Now all of the south side.
355 |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
356 |355 |00:35:59 ~-~-> 00:36:05 |anything off at the new dividend gap. The cow fast. They'll come for you see
357 |356 |00:36:05 ~-~-> 00:36:11 |that, and they use these high impact or medium impact news events on the
358 |357 |00:36:11 ~-~-> 00:36:17 |economic calendar to provide them a smoke screen. So it looks like selling
359 |358 |00:36:17 ~-~-> 00:36:21 |pressure in an absence of what buyers and then the market drops down to some
360 |359 |00:36:22 ~-~-> 00:36:28 |level that obviously has a big pool of interest for Rebecca Tuesday's daily,
361 |360 |00:36:29 ~-~-> 00:36:38 |daily low here the the opposing liquidity below these lows here, After
362 |361 |00:36:38 ~-~-> 00:36:45 |running up anyone that wants to sell short. You're right from the beginning
363 |362 |00:36:45 ~-~-> 00:36:51 |of the day. They would obviously use these levels here for stops. They ran
364 |363 |00:36:51 ~-~-> 00:36:55 |them initially, and then you had your first fair value got formed. We colored
365 |364 |00:36:55 ~-~-> 00:36:59 |outside the lines a little bit. That's okay. That's part of what you're
366 |365 |00:36:59 ~-~-> 00:37:02 |watching today. Caleb, otherwise, I wouldn't have done anything in the
367 |366 |00:37:02 ~-~-> 00:37:05 |morning session. Morning session live with anyone. But you want to see these
368 |367 |00:37:05 ~-~-> 00:37:13 |characteristics. You want to see this type of formation, then rallied up into
369 |368 |00:37:15 ~-~-> 00:37:19 |mid gap. So the strike card is 70% of time hitting it between 930 and 10
370 |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
371 |370 |00:37:28 ~-~-> 00:37:33 |right. There is a model that that will hit. It will stick. It will serve so
372 |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
373 |372 |00:37:36 ~-~-> 00:37:40 |opening that. It doesn't have to be both levels either. It could be just the low,
374 |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
375 |374 |00:37:44 ~-~-> 00:37:48 |perspective. That's what I want you to focus on. Caleb, not the best of the
376 |375 |00:37:48 ~-~-> 00:37:54 |best. I'm watching these relative equal highs here and full gap closure. We have
377 |376 |00:37:54 ~-~-> 00:37:58 |a little inefficiency in here, and then we have Tuesday's daily low. So I'm
378 |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
379 |378 |00:38:03 ~-~-> 00:38:08 |this line again, one more time. Work the halfway point of this by side, balance
380 |379 |00:38:08 ~-~-> 00:38:14 |cell, sign efficiency, and then drive for the individuals here, we need to do
381 |380 |00:38:14 ~-~-> 00:38:14 |a full gap closure.
382 |381 |00:38:21 ~-~-> 00:38:26 |I don't believe that I have it set anymore for the live streams to do the
383 |382 |00:38:26 ~-~-> 00:38:33 |thumbs up or thumbs down. Obviously, I get like a 98% plus like rating on the
384 |383 |00:38:33 ~-~-> 00:38:39 |YouTube Analytics analytics page, but I can still see them. You probably you
385 |384 |00:38:40 ~-~-> 00:38:44 |probably can't see them now, but if you're learning today, when you watch
386 |385 |00:38:44 ~-~-> 00:38:48 |things like this, and it's it's comforting, if it gives you confidence,
387 |386 |00:38:48 ~-~-> 00:38:53 |if it encourages you seeing the logic of these things panning out, giving you
388 |387 |00:38:53 ~-~-> 00:38:57 |given some framework with if you're watching price without these types of
389 |388 |00:38:57 ~-~-> 00:39:02 |reference points I often make, you know, snide remarks about other forms and
390 |389 |00:39:02 ~-~-> 00:39:07 |disciplines of trading, because I want to encourage engagement for you to think
391 |390 |00:39:07 ~-~-> 00:39:12 |critically about what it is you're trying to learn. Because if these types
392 |391 |00:39:12 ~-~-> 00:39:18 |of things repeat, doesn't it at least give an advantage over you not using it,
393 |392 |00:39:19 ~-~-> 00:39:22 |because it gives you context. It gives you some kind of framework to view price
394 |393 |00:39:22 ~-~-> 00:39:27 |through and around. Otherwise, I couldn't trust that the market's going
395 |394 |00:39:27 ~-~-> 00:39:30 |to go up or down or stop here and turn around, like all the questions that all
396 |395 |00:39:30 ~-~-> 00:39:34 |of you have, you say, how do you how did you trust taking that trade right there?
397 |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
398 |397 |00:39:37 ~-~-> 00:39:42 |going to go lower? It's because I've spent 32 years doing this stuff, and I
399 |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
400 |399 |00:39:48 ~-~-> 00:39:53 |I was doing silly stuff, like I was looking at trend lines and trying to get
401 |400 |00:39:53 ~-~-> 00:39:59 |the right trend line. And hundreds of different of forms of, you know, trend
402 |401 |00:39:59 ~-~-> 00:40:03 |line fans. Is I used Gan stuff try to figure out and decipher the right trend
403 |402 |00:40:03 ~-~-> 00:40:07 |line with that thing. And once in a while, I would get something in
404 |403 |00:40:07 ~-~-> 00:40:10 |hindsight that looked like, wow, I figured it out. And then I'd go out and
405 |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
406 |405 |00:40:16 ~-~-> 00:40:23 |things through a lens of liquidity inefficiency and a manipulation
407 |406 |00:40:23 ~-~-> 00:40:27 |somewhere sprinkled inside all that stuff. It'll it allows you to see things
408 |407 |00:40:27 ~-~-> 00:40:32 |a little bit differently, and that different perspective is a minority
409 |408 |00:40:32 ~-~-> 00:40:36 |perspective that absolutely kills it in this industry. You want to be a
410 |409 |00:40:36 ~-~-> 00:40:41 |minority. You want to be the cheetah, the lion that's sitting on the outside
411 |410 |00:40:41 ~-~-> 00:40:45 |or outskirts of that watering hole, because every day, everybody's coming to
412 |411 |00:40:45 ~-~-> 00:40:51 |get a drink at the opening bell at 930 everyone's coming here, and then you're
413 |412 |00:40:51 ~-~-> 00:40:56 |looking for the opportunity to eat, because everybody else is thirsty,
414 |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
415 |414 |00:41:01 ~-~-> 00:41:06 |measure of defining what it is that says, I have a high chance of getting
416 |415 |00:41:06 ~-~-> 00:41:12 |something to eat today and not getting hurt. You ever watch those nature shows?
417 |416 |00:41:12 ~-~-> 00:41:15 |You know there's there's lions and there's cheetahs. It isn't easy for them
418 |417 |00:41:15 ~-~-> 00:41:19 |just to go out there and chase something out eat. Sometimes the things that
419 |418 |00:41:19 ~-~-> 00:41:24 |they're chasing have horns, and they could be, they can be hurt, and if they
420 |419 |00:41:24 ~-~-> 00:41:31 |get hurt, that impedes their ability to eat tomorrow or that day. So you have
421 |420 |00:41:31 ~-~-> 00:41:37 |to, you have to weigh the understandings of what you're trying to do when you're
422 |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
423 |422 |00:41:40 ~-~-> 00:41:44 |there and engage, because even though everybody's coming to the watering hole,
424 |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
425 |424 |00:41:48 ~-~-> 00:41:56 |getting something right now. So hunting and stalking setups, there are criteria
426 |425 |00:41:56 ~-~-> 00:42:01 |that my concepts will provide that define very, very high probability
427 |426 |00:42:01 ~-~-> 00:42:06 |conditions. There are other times where the setup can be there. But because of
428 |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
429 |428 |00:42:09 ~-~-> 00:42:13 |characteristic is, in the morning session, it could be a little bit wonky.
430 |429 |00:42:13 ~-~-> 00:42:18 |It could be a little not as clean or crisp in its delivery. And again, I'm
431 |430 |00:42:18 ~-~-> 00:42:22 |using the Fairbank app and how the bodies were just outside of that right
432 |431 |00:42:22 ~-~-> 00:42:25 |there. Anyone else might look at that and say, Well, see, this is this is them
433 |432 |00:42:25 ~-~-> 00:42:29 |trapping traders, the smart money concepts. This is a trap. No, it's not
434 |433 |00:42:30 ~-~-> 00:42:34 |like I'm talking to you live over, over, top the chart, and explain to you that
435 |434 |00:42:34 ~-~-> 00:42:40 |that is a normal characteristic of a post holiday or post large range day.
436 |435 |00:42:41 ~-~-> 00:42:46 |That's what it looks like. And I had students that were paying me, and when I
437 |436 |00:42:46 ~-~-> 00:42:50 |would talk about things like that and not put them in trades, they're like,
438 |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
439 |438 |00:42:54 ~-~-> 00:42:57 |quit, because I don't want people like that in my learning. I want them to move
440 |439 |00:42:57 ~-~-> 00:43:01 |on to do something else. Stay in dumb money, stay in Street Money perspective.
441 |440 |00:43:02 ~-~-> 00:43:06 |That's why I'm telling you, for the folks that are worried about this stuff,
442 |441 |00:43:06 ~-~-> 00:43:09 |oh, it's falling out of favor. It's not going to work anymore. Or they're
443 |442 |00:43:09 ~-~-> 00:43:12 |targeting this. They're not targeting anything like what you're saying is,
444 |443 |00:43:12 ~-~-> 00:43:16 |when you say stuff like that, you don't understand how the markets book price
445 |444 |00:43:16 ~-~-> 00:43:20 |really, and you don't understand the entities that I'm trying to explain to
446 |445 |00:43:20 ~-~-> 00:43:24 |you exist and they're not on people's YouTube channel talking about how they
447 |446 |00:43:24 ~-~-> 00:43:30 |were, you know, at the institution, at the institution, we teach, you know,
448 |447 |00:43:31 ~-~-> 00:43:37 |real trading, quantitative analysis, qualitative analysis, and they'll say
449 |448 |00:43:37 ~-~-> 00:43:43 |that intraday volatility or trading is a scam, and anybody tells you they can do
450 |449 |00:43:43 ~-~-> 00:43:46 |it consistently, run away from them because they're a con artist. They're a
451 |450 |00:43:46 ~-~-> 00:43:55 |scammer. Here I am. Here I am explaining it. Okay? And Goldman boys are taking
452 |451 |00:43:55 ~-~-> 00:44:01 |notes. Trust me when I tell you, that's the reality, okay, but they'll say what
453 |452 |00:44:01 ~-~-> 00:44:05 |they have to say, because that investment firm, it garners, you know, a
454 |453 |00:44:05 ~-~-> 00:44:11 |lot of attention, and people that have a lot of money, they will use that style
455 |454 |00:44:11 ~-~-> 00:44:17 |of investing. And I'm not an investor, I don't teach people to invest other than
456 |455 |00:44:17 ~-~-> 00:44:22 |investing in themselves, but trading and timing the market, we have these
457 |456 |00:44:22 ~-~-> 00:44:29 |relative equal highs here, and the top of that new day opening gap. That's the
458 |457 |00:44:29 ~-~-> 00:44:33 |the liquidity. Take a screenshot of that right there off of the first
459 |458 |00:44:33 ~-~-> 00:44:36 |presentation the fair value got. So tell me, tell me about it. Goldman, Sachs,
460 |459 |00:44:37 ~-~-> 00:44:41 |tell me. Tell me about it. Tell me how that's that's not technical science,
461 |460 |00:44:41 ~-~-> 00:44:44 |because you're right. Technical analysis, a joke. Technical analysis,
462 |461 |00:44:44 ~-~-> 00:44:51 |garbage, because that is what retail uses, triangles, pennants, moving
463 |462 |00:44:51 ~-~-> 00:44:55 |average, crossovers, V wop, all that stuff. That's all retail. But when you
464 |463 |00:44:55 ~-~-> 00:44:59 |look at things with the reality of why the markets book price, I mean
465 |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
466 |465 |00:45:03 ~-~-> 00:45:08 |up here grandson, not beating my chest. I want you to think about what you're
467 |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,
468 |467 |00:45:15 ~-~-> 00:45:19 |you know, muddied up with indicators and garbage. So we want to see, does it use
469 |468 |00:45:19 ~-~-> 00:45:23 |the new day? Opening gap here, sweeping around both sides of it, and then reach
470 |469 |00:45:23 ~-~-> 00:45:27 |for a full gap closure. That would be the last thing for the morning session
471 |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
472 |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.
473 |472 |00:45:35 ~-~-> 00:45:43 |But the the delivery of of seeing what the market with target, what levels are
474 |473 |00:45:43 ~-~-> 00:45:50 |key Now, contrast that with anyone that uses anything, just fill in the blank,
475 |474 |00:45:50 ~-~-> 00:45:53 |right? Just fill in the blank with anything else other than what I'm
476 |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
477 |476 |00:46:04 ~-~-> 00:46:08 |that is going to be hated more than they're loved, the people that don't
478 |477 |00:46:08 ~-~-> 00:46:12 |know what they're doing and have tried other stuff, when they come to me and
479 |478 |00:46:12 ~-~-> 00:46:15 |they really do the due diligence to try to learn how to do it, or they observe,
480 |479 |00:46:15 ~-~-> 00:46:19 |they they simply just watch and listen to me and I tell you what the market's
481 |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
482 |481 |00:46:24 ~-~-> 00:46:29 |specific things, and it's based on time delivery, first to the algorithm that
483 |482 |00:46:29 ~-~-> 00:46:33 |may not be believed by everyone that exists. It doesn't matter. I'm not
484 |483 |00:46:33 ~-~-> 00:46:36 |frustrated at night time, and it sounds to you as a new viewer, like I'm
485 |484 |00:46:36 ~-~-> 00:46:41 |defending myself. I'm not defending myself. I'm reminding the folks that
486 |485 |00:46:41 ~-~-> 00:46:45 |hold to the idea that there is no algorithm, that these markets are not
487 |486 |00:46:45 ~-~-> 00:46:53 |rigged, that they lean on logic that is retail oriented, and that classification
488 |487 |00:46:53 ~-~-> 00:46:59 |and that category of trader is the losing class. So if you're going to
489 |488 |00:46:59 ~-~-> 00:47:05 |defend or argue against what is I'm I'm presenting here. You're you're stuck
490 |489 |00:47:06 ~-~-> 00:47:10 |because now you're forced to pick what retail logic, what other retail logic is
491 |490 |00:47:10 ~-~-> 00:47:15 |giving you these types of things right here, with the sound logic that is not
492 |491 |00:47:15 ~-~-> 00:47:18 |ambiguous. It's very specific. Where's the liquidity? Where's the specific PD
493 |492 |00:47:18 ~-~-> 00:47:23 |array, like the midpoint of the gap, the liquidity here, the new day opening gap,
494 |493 |00:47:24 ~-~-> 00:47:30 |the first fair value gap, the sell side, I told you, below these loads over here,
495 |494 |00:47:32 ~-~-> 00:47:34 |like it's it's done all of that
496 |495 |00:47:35 ~-~-> 00:47:40 |under the context that we opened lower after a large range date down. So that
497 |496 |00:47:40 ~-~-> 00:47:45 |means they're going to punish who? What classification of trader in street
498 |497 |00:47:45 ~-~-> 00:47:50 |money, dumb money. What are Street Money traders trying to do because they saw
499 |498 |00:47:50 ~-~-> 00:47:55 |yesterday's trading? What? Which trading approach or sentiment will traders have
500 |499 |00:47:55 ~-~-> 00:48:00 |going into the marketplace that simply don't know what I'm teaching and showing
501 |500 |00:48:00 ~-~-> 00:48:04 |you they're going to want to do what they saw yesterday, was profitable. That
502 |501 |00:48:04 ~-~-> 00:48:09 |means they want to be short, so they're going to draw into anyone that's already
503 |502 |00:48:09 ~-~-> 00:48:15 |short here and then drop down load the boat. Smart Money is buying in here,
504 |503 |00:48:16 ~-~-> 00:48:24 |rallying up to a random New Day, opening gap in the upper quadrant of the opening
505 |504 |00:48:24 ~-~-> 00:48:30 |range gap. I'm just gonna eyeball it here with my I was supposed to pick up
506 |505 |00:48:30 ~-~-> 00:48:36 |my glasses yesterday, and I didn't do it. And I'm really flirting with stuff
507 |506 |00:48:36 ~-~-> 00:48:39 |that I shouldn't be doing because my eyes are really not sharp right now,
508 |507 |00:48:39 ~-~-> 00:48:44 |without these new prescriptions I have, but that's another reason why I told you
509 |508 |00:48:44 ~-~-> 00:48:47 |I have to leave here at 1030 because I want to craft something eat with my wife
510 |509 |00:48:47 ~-~-> 00:48:54 |and then go get my glasses. But this guy talks too much. Nobody cares about your
511 |510 |00:48:54 ~-~-> 00:49:00 |glasses. Bro, trust me when I tell you, nobody cares. Okay, so here's the upper
512 |511 |00:49:00 ~-~-> 00:49:04 |quadrant, and then it goes past the upper quadrant just to fulfill the
513 |512 |00:49:04 ~-~-> 00:49:08 |numbers at the relative equal highs and The New Day opening gap. So it went just
514 |513 |00:49:08 ~-~-> 00:49:14 |a little bit above it. So I wouldn't rule out another muddy attempt to get up
515 |514 |00:49:14 ~-~-> 00:49:19 |to a full gap closure, maybe a little bit higher today. But this is enough for
516 |515 |00:49:19 ~-~-> 00:49:24 |this morning. This is just a beautiful display of what it is I teach. You know,
517 |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,
518 |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.
519 |518 |00:49:32 ~-~-> 00:49:36 |I don't want anybody calling me a goat, the King, the boss, you know, whatever.
520 |519 |00:49:36 ~-~-> 00:49:40 |I'm just the average Joe. That's my middle name, Joe. Okay, and God's
521 |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
522 |521 |00:49:46 ~-~-> 00:49:51 |to communicate the language that affords you. If you spend the time looking at
523 |522 |00:49:51 ~-~-> 00:49:57 |it, you'll see what this algorithm is doing at specific and select times, and
524 |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
525 |524 |00:50:04 ~-~-> 00:50:08 |fairbair gap here, getting to the halfway point of the gap, that might be
526 |525 |00:50:08 ~-~-> 00:50:12 |your model, and you don't care what it does after that. You know what? That's
527 |526 |00:50:12 ~-~-> 00:50:18 |maturity, and that's early onset maturity. Most students in this industry
528 |527 |00:50:18 ~-~-> 00:50:23 |cannot have that mindset, because they want to have the full swing. They want a
529 |528 |00:50:23 ~-~-> 00:50:30 |full pull, where the whole move, you capture the whole move, that's
530 |529 |00:50:30 ~-~-> 00:50:34 |unrealistic. It's it's really unrealistic in the beginning, but you
531 |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
532 |531 |00:50:37 ~-~-> 00:50:40 |telling you, for someone that's going been doing it for a very long time, and
533 |532 |00:50:40 ~-~-> 00:50:44 |I made every error that you're ever going to make, and probably done them
534 |533 |00:50:44 ~-~-> 00:50:48 |dozens of times, thinking I was going to be the exception to the rule. That's
535 |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
536 |535 |00:50:53 ~-~-> 00:50:58 |be able to say, Michael, it didn't happen like that. I was the exception.
537 |536 |00:50:58 ~-~-> 00:51:03 |Here's the proof of it. And would that be wonderful, but it would be
538 |537 |00:51:03 ~-~-> 00:51:09 |disingenuous of me, and it would be counterproductive for me to tell you or
539 |538 |00:51:09 ~-~-> 00:51:14 |blow smoke up your ear, to try to entice you in believing that you are going to
540 |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
541 |540 |00:51:18 ~-~-> 00:51:25 |proper mindset to avoid having that error, I've done my my job as a mentor.
542 |541 |00:51:25 ~-~-> 00:51:31 |I'm providing you an initial mindset that is reasonable, it's realistic, and
543 |542 |00:51:31 ~-~-> 00:51:36 |it's allowing you to graduate in a measured progress that you can track
544 |543 |00:51:36 ~-~-> 00:51:41 |with your journal. You're not tracking your understanding at a guy send me a
545 |544 |00:51:41 ~-~-> 00:51:45 |message the other day. He says, How do I know I'm progressing? Because I don't
546 |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
547 |546 |00:51:51 ~-~-> 00:51:56 |account challenges, or I'm losing my funded account. If I, if I get it, I end
548 |547 |00:51:56 ~-~-> 00:51:59 |up losing it. How? How can I track my progress? Number one, you don't track
549 |548 |00:51:59 ~-~-> 00:52:03 |your progress by going out there and trying to use what I'm teaching ongoing,
550 |549 |00:52:03 ~-~-> 00:52:08 |right now, in a setting where you can potentially lose that that's not how you
551 |550 |00:52:08 ~-~-> 00:52:12 |measure your progress. That's how you ensure that you will not progress
552 |551 |00:52:13 ~-~-> 00:52:19 |efficiently and properly, because now you've weighted the outcome to a
553 |552 |00:52:19 ~-~-> 00:52:23 |positive or negative, and it has a negative impact larger than the
554 |553 |00:52:23 ~-~-> 00:52:27 |positive. The positive of you making money with it right away. You haven't
555 |554 |00:52:27 ~-~-> 00:52:30 |really learned how to do it. The positive is, is it feels good, and then
556 |555 |00:52:30 ~-~-> 00:52:34 |when you show everybody on social media, that's it. It's it that chewing gums
557 |556 |00:52:34 ~-~-> 00:52:38 |lost its flavor, you might sort of spit it out, because nobody's going no one's
558 |557 |00:52:38 ~-~-> 00:52:41 |going to care. No one cares about my trade that I took yesterday. No more.
559 |558 |00:52:41 ~-~-> 00:52:44 |They're they're interested in what I'm doing today. What's he going to do
560 |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
561 |560 |00:52:47 ~-~-> 00:52:51 |to be for you. But the negative impact of you going out there and trying to
562 |561 |00:52:51 ~-~-> 00:52:55 |rush to use what I'm teaching before you really understand yourself and how to
563 |562 |00:52:55 ~-~-> 00:53:02 |use this information correctly, that impact is going to far out outweigh the
564 |563 |00:53:02 ~-~-> 00:53:06 |any positive you get by using it, if it makes you a little bit of money. Because
565 |564 |00:53:06 ~-~-> 00:53:10 |think about you're not going to make a million dollars. You're not going to do
566 |565 |00:53:10 ~-~-> 00:53:13 |that. You know, in your first year of trading with this information, you're
567 |566 |00:53:13 ~-~-> 00:53:17 |not going to do it. But some of you think that you're going to be that
568 |567 |00:53:17 ~-~-> 00:53:21 |person. And I'm telling you, if you try to do those types of things, the only
569 |568 |00:53:21 ~-~-> 00:53:25 |thing that's going to do is push your success further away from where you are
570 |569 |00:53:25 ~-~-> 00:53:30 |right now. You're literally throwing it so much further down the road, and then
571 |570 |00:53:30 ~-~-> 00:53:34 |when you get closer to it, if you don't change that mindset, you're going to
572 |571 |00:53:34 ~-~-> 00:53:38 |kick that can further down the road, because you're doing things backwards,
573 |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
574 |573 |00:53:43 ~-~-> 00:53:50 |people since the 90s. Okay, I've taught a lot of people. And it's always the
575 |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
576 |575 |00:53:53 ~-~-> 00:53:58 |money right away, without learning properly, logging, journaling, observing
577 |576 |00:53:58 ~-~-> 00:54:02 |how they feel, if they felt ecstatic, if they were euphoric when the price was
578 |577 |00:54:02 ~-~-> 00:54:06 |delivered like they thought. You have to keep that in check. It's good that
579 |578 |00:54:06 ~-~-> 00:54:10 |you're journaling and you're saying, I'm happy that this panned out like I
580 |579 |00:54:10 ~-~-> 00:54:13 |thought it would. And it was so encouraging to see it. You don't want to
581 |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
582 |581 |00:54:18 ~-~-> 00:54:21 |know, all that kind of stuff that you would put in your your social media
583 |582 |00:54:21 ~-~-> 00:54:24 |post, or whatever you don't want to do. Want to do that in your journal, because
584 |583 |00:54:24 ~-~-> 00:54:30 |what that does is it elevates and it stimulates your ego, and your ego, for
585 |584 |00:54:30 ~-~-> 00:54:36 |the men, is going to be hugely impactful. If you are focusing there,
586 |585 |00:54:36 ~-~-> 00:54:39 |chances are you're minimizing or putting blinders on the things that you're not
587 |586 |00:54:39 ~-~-> 00:54:47 |doing correct and you're failing to see this opportunity to improve on so when I
588 |587 |00:54:47 ~-~-> 00:54:50 |sit with you, live like this, Caleb, and I'm pointing to certain things like
589 |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
590 |589 |00:54:56 ~-~-> 00:54:59 |going to review them real quick, and then I'm going to close it because it's
591 |590 |00:54:59 ~-~-> 00:55:03 |90. More minutes, and I'm done so initially, you know we were looking for
592 |591 |00:55:03 ~-~-> 00:55:07 |the Lower, lower gap opening lower, which you can see that happening when we
593 |592 |00:55:07 ~-~-> 00:55:12 |were at 915 chances are, you know, with over 100 handles or so below previous
594 |593 |00:55:12 ~-~-> 00:55:18 |day settlement, chances are we're going to open up lower. And you know that
595 |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
596 |595 |00:55:22 ~-~-> 00:55:29 |proof that it's not 100% right? 70% is not 100% but there's nothing in that
597 |596 |00:55:29 ~-~-> 00:55:34 |chart yesterday that would have, you know, brought into the mix as a buy. It
598 |597 |00:55:34 ~-~-> 00:55:39 |just kept just eroding. Lower, lower, lower, lower, okay, well, you wouldn't
599 |598 |00:55:39 ~-~-> 00:55:44 |have got any anything long on it anyway, so you wouldn't have lost money. You
600 |599 |00:55:44 ~-~-> 00:55:48 |just missed an opportunity. And I was just going through all my my students
601 |600 |00:55:48 ~-~-> 00:55:53 |that use my concepts and that do live stream, they all had generally the same
602 |601 |00:55:53 ~-~-> 00:55:57 |thing. It was just like, Wow. This thing just keeps melting. And all the other
603 |602 |00:55:57 ~-~-> 00:56:02 |YouTubers were like, Wow, man, this is just going lower, lower, lower. And you
604 |603 |00:56:02 ~-~-> 00:56:07 |can see that because they're live streaming, okay? And this is one of my
605 |604 |00:56:07 ~-~-> 00:56:10 |students listening to me. Listen. Okay. I'm not trying to be critical. I want
606 |605 |00:56:10 ~-~-> 00:56:15 |you to observe this, because this will make you better. You're almost
607 |606 |00:56:15 ~-~-> 00:56:20 |apologizing to your audience because you don't have something to get into a trade
608 |607 |00:56:20 ~-~-> 00:56:26 |because it's moved so much that is the problem with live streaming, because you
609 |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.
610 |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.
611 |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
612 |611 |00:56:38 ~-~-> 00:56:41 |whether or not it's going to be in the high probability conditions. If it
613 |612 |00:56:41 ~-~-> 00:56:46 |doesn't fit the criteria for high probability, if I can only frame it in
614 |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
615 |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
616 |615 |00:56:53 ~-~-> 00:56:58 |here and wait for my partials and wait for my tournaments to be hit, or any
617 |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
618 |617 |00:57:02 ~-~-> 00:57:07 |getting stopped out there in profit. You see what that that mindset has done. It
619 |618 |00:57:07 ~-~-> 00:57:12 |completely removes the outside influence of other people telling me when and how
620 |619 |00:57:12 ~-~-> 00:57:16 |I should trade. And that's what my students are wrestling with when there's
621 |620 |00:57:16 ~-~-> 00:57:19 |days where it just starts moving right away and they don't have an opportunity
622 |621 |00:57:19 ~-~-> 00:57:22 |to get in because they haven't learned everything, like I was covering
623 |622 |00:57:22 ~-~-> 00:57:24 |yesterday in Caleb's channel.
624 |623 |00:57:24 ~-~-> 00:57:28 |There's things that you could have used to get in. Looking into hindsight, you
625 |624 |00:57:28 ~-~-> 00:57:32 |can see it clearly now, but most of you were so shell shocked that you couldn't
626 |625 |00:57:32 ~-~-> 00:57:38 |do anything yesterday morning. You completely threw out the baby with the
627 |626 |00:57:38 ~-~-> 00:57:43 |bathwater and didn't even worry about the afternoon session, and then here I
628 |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
629 |628 |00:57:48 ~-~-> 00:57:51 |to look for what I'm looking for, where everybody else is, like, that's it.
630 |629 |00:57:52 ~-~-> 00:57:56 |That's just like the the guy that you know, he cruises through the casino.
631 |630 |00:57:56 ~-~-> 00:58:00 |He's only sitting down in front of those slot machines until he sees somebody
632 |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
633 |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
634 |633 |00:58:08 ~-~-> 00:58:12 |and click, click, click, and then I get the jackpot, because the ratios, it's
635 |634 |00:58:12 ~-~-> 00:58:18 |time for it to pay out. So everybody that couldn't do anything yesterday
636 |635 |00:58:18 ~-~-> 00:58:25 |morning, because this kept going lower and lower and lower thinking, oh, man,
637 |636 |00:58:25 ~-~-> 00:58:29 |it's not giving a setup. Oh, they're changing the algorithm. No, they're not.
638 |637 |00:58:29 ~-~-> 00:58:34 |That's typical. Now, extremely large example that where it's a big range day
639 |638 |00:58:34 ~-~-> 00:58:40 |down, but that's typical of a post holiday day where you don't know what
640 |639 |00:58:40 ~-~-> 00:58:44 |they're going to do, and because everybody couldn't trade the day before,
641 |640 |00:58:44 ~-~-> 00:58:48 |and it's usually a day where trading would have taken place on a Monday. So
642 |641 |00:58:48 ~-~-> 00:58:52 |what's happened? People are chomping at the bit. They're literally biting their
643 |642 |00:58:52 ~-~-> 00:58:55 |fingernails, looking I can't wait to start trading. I can't wait till it's
644 |643 |00:58:55 ~-~-> 00:59:02 |time. You're anxious, and boom, the market comes out and just slowly erodes
645 |644 |00:59:02 ~-~-> 00:59:07 |lower and lower and lower and lower and lower. And all your technical stuff
646 |645 |00:59:08 ~-~-> 00:59:13 |isn't talking to you because it's being manipulated. They just keep dropping.
647 |646 |00:59:13 ~-~-> 00:59:16 |The price keep dropping. This doesn't matter how many people come in and want
648 |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
649 |648 |00:59:21 ~-~-> 00:59:25 |it's staying in that cell model just keeps digging in and keeps digging in,
650 |649 |00:59:25 ~-~-> 00:59:29 |digging in, digging in. Okay, I'm going to wait. I'm going to wait until the
651 |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
652 |651 |00:59:34 ~-~-> 00:59:37 |are coming. My setup will be there this afternoon. My setup will be there in the
653 |652 |00:59:37 ~-~-> 00:59:40 |last hour. Trading today, it'll be there on Friday, it'll be there next week.
654 |653 |00:59:40 ~-~-> 00:59:44 |Every single day, I know my setups are going to be there. But contrast that
655 |654 |00:59:45 ~-~-> 00:59:48 |with everything else out there, you're going to have to wait for your indicator
656 |655 |00:59:48 ~-~-> 00:59:51 |to flash some kind of confirmation thing. That's it's okay to buy now, or
657 |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
658 |657 |00:59:56 ~-~-> 00:59:59 |average resistance. See how the price doesn't get above that? That's nonsense.
659 |658 |00:59:59 ~-~-> 01:00:03 |It's. Literally nonsense. You might just put any old moving average on there and
660 |659 |01:00:03 ~-~-> 01:00:07 |call the same thing. But that's not what's making the market go up and down.
661 |660 |01:00:07 ~-~-> 01:00:14 |It's not that's absolutely not what's happening. So look at what we have here
662 |661 |01:00:14 ~-~-> 01:00:20 |in price action. We saw the fair value gap here to mid gap. That's one setup
663 |662 |01:00:20 ~-~-> 01:00:25 |that could be your model. You could go fair value, gap, partial, mid gap,
664 |663 |01:00:26 ~-~-> 01:00:35 |terminus, new to open gap, low. Others that are contrary can see this and say,
665 |664 |01:00:35 ~-~-> 01:00:40 |Okay, well, I like this setup here, and I want to see a opportunity where I can
666 |665 |01:00:40 ~-~-> 01:00:44 |go short and I can short an inversion fair value gap. That's this one in here.
667 |666 |01:00:46 ~-~-> 01:00:50 |Stand out over here, you can see the body respecting it, go short and then
668 |667 |01:00:50 ~-~-> 01:00:54 |target that cell side I outlined. I promise you I have students that did
669 |668 |01:00:54 ~-~-> 01:00:59 |that trade. I know I have students that took this one here to the 70% and I
670 |669 |01:00:59 ~-~-> 01:01:01 |don't know what they did up here, but I'm certain that they probably saw the
671 |670 |01:01:01 ~-~-> 01:01:05 |end in dog because it was in my chart live streaming. They're peeking at my
672 |671 |01:01:05 ~-~-> 01:01:08 |chart while they're live streaming, but they're trying to keep focus because
673 |672 |01:01:08 ~-~-> 01:01:11 |they don't want me to influence or entice them away from what they're
674 |673 |01:01:11 ~-~-> 01:01:17 |looking for, and that's exactly how they should behave. And then this one here
675 |674 |01:01:17 ~-~-> 01:01:22 |where we take the fair value gap. That's first presentation of it between 931
676 |675 |01:01:26 ~-~-> 01:01:30 |they brought here, went through it. Oh, see that fair value talks about that's
677 |676 |01:01:30 ~-~-> 01:01:34 |what everybody on Twitter doesn't know what they're talking about. Where they
678 |677 |01:01:34 ~-~-> 01:01:37 |were leaving posts to that and trying to troll me, and I'm laughing at them,
679 |678 |01:01:37 ~-~-> 01:01:42 |literally laughing at them, knowing that this is going to become a reclaimed fair
680 |679 |01:01:42 ~-~-> 01:01:47 |value gap again. And then what'll happen? I drew it out. It came down. Hit
681 |680 |01:01:47 ~-~-> 01:01:52 |it rally one more time for the relative equal highs, and laid a candlestick body
682 |681 |01:01:52 ~-~-> 01:02:02 |over top of the new dividend gap. See that? Now? What is it doing? The chop is
683 |682 |01:02:02 ~-~-> 01:02:11 |real, right? Patrick, the CHOP is real. Every setup, every potential setup, for
684 |683 |01:02:11 ~-~-> 01:02:18 |you as a ICT trader this morning, outlined, everything here flies in the
685 |684 |01:02:18 ~-~-> 01:02:23 |face of everything algorithmic. That's not algorithm but, uh, retail, but it's
686 |685 |01:02:23 ~-~-> 01:02:29 |algorithmically delivered here based on time and price. So my question to you in
687 |686 |01:02:29 ~-~-> 01:02:35 |closing is, when you see these things described in real time, doesn't it feel
688 |687 |01:02:35 ~-~-> 01:02:40 |like you're not supposed to know it doesn't it feel like that, doesn't it
689 |688 |01:02:40 ~-~-> 01:02:47 |feel like that somehow this is like a cheat code, like this is, this is really
690 |689 |01:02:47 ~-~-> 01:02:51 |scary to see how precise these things can behave, because Isn't this supposed
691 |690 |01:02:51 ~-~-> 01:02:57 |to be the largest financial casino in the world? I thought everything was
692 |691 |01:02:57 ~-~-> 01:03:00 |buying and selling pressure and completely random, and nobody can know
693 |692 |01:03:01 ~-~-> 01:03:05 |with intraday charts what price is going to do. Because nobody can time the
694 |693 |01:03:05 ~-~-> 01:03:10 |market right. Nobody can time the market. No one can time the market with
695 |694 |01:03:10 ~-~-> 01:03:14 |intraday charts. Because intraday charts are noise. I'm telling you, I promise
696 |695 |01:03:14 ~-~-> 01:03:17 |you, I promise you, run away from them if they tell you that they can time the
697 |696 |01:03:17 ~-~-> 01:03:20 |market and they can do it consistently, run away from because they're a con
698 |697 |01:03:20 ~-~-> 01:03:24 |artist, and I mean it that's coming out of the mouth of a Goldman Sachs alumni.
699 |698 |01:03:24 ~-~-> 01:03:28 |And you can still find that video on YouTube, and I have screenshot that and
700 |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,
701 |700 |01:03:31 ~-~-> 01:03:37 |because everybody understands that that's coming from a perspective that
702 |701 |01:03:37 ~-~-> 01:03:44 |they work in an environment that that caters to longer term investment ideas,
703 |702 |01:03:44 ~-~-> 01:03:50 |and that right there affords them a whole lot of low probability they could
704 |703 |01:03:50 ~-~-> 01:03:53 |be wrong a lot when it's higher Time Frame, because they're not worrying
705 |704 |01:03:53 ~-~-> 01:03:57 |about the micro fluctuations in here which one has the greater skill set.
706 |705 |01:03:58 ~-~-> 01:04:03 |Clearly, this, this is brain surgery compared to Romper Room, playground
707 |706 |01:04:03 ~-~-> 01:04:07 |dodgeball, that's the equivalent of higher Time Frame long term investment.
708 |707 |01:04:07 ~-~-> 01:04:12 |You could literally throw a dart at the stock tables, you know. And as long as
709 |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
710 |709 |01:04:17 ~-~-> 01:04:22 |math behind what they tell you, Oh, the stock market averages 12% a year. 12% a
711 |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
712 |711 |01:04:27 ~-~-> 01:04:30 |telling you they don't know what you're talking about. These individuals are
713 |712 |01:04:30 ~-~-> 01:04:36 |coming out there telling you unequivocally that they have no idea how
714 |713 |01:04:36 ~-~-> 01:04:44 |to trade, but they use value and long term trends and fundamentals that says
715 |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
716 |715 |01:04:48 ~-~-> 01:04:52 |storm, here's the upper portion of that opening range gap. Truth be told, that's
717 |716 |01:04:52 ~-~-> 01:04:57 |what songs hanging for that. Take a screenshot of that. Bam. Goldman boys,
718 |717 |01:04:57 ~-~-> 01:05:00 |how about that? You can't time the market. You don't. Have no idea what
719 |718 |01:05:00 ~-~-> 01:05:04 |you're talking about. ICT. You have no idea. Don't listen to this ICT guy.
720 |719 |01:05:04 ~-~-> 01:05:12 |Whatever you do, don't listen to this guy. Avoid ICT at all costs. If you want
721 |720 |01:05:12 ~-~-> 01:05:17 |to stay in the dumb money category, I promise you, if you follow that advice,
722 |721 |01:05:17 ~-~-> 01:05:21 |you're going to get the results you're looking for, I promise you, you're
723 |722 |01:05:21 ~-~-> 01:05:27 |looking to lose you're looking to never make it. Because the folks out there
724 |723 |01:05:27 ~-~-> 01:05:30 |that tell you that you can't time the market, that's them saying that they
725 |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
726 |725 |01:05:35 ~-~-> 01:05:39 |going to acknowledge the proof that this guy, ICT, is proven on a live stream in
727 |726 |01:05:39 ~-~-> 01:05:42 |front of everybody with a four second latency. That means, for whatever I say
728 |727 |01:05:42 ~-~-> 01:05:46 |and point to four seconds later, you're getting it, you're seeing it. And the
729 |728 |01:05:46 ~-~-> 01:05:51 |folks that have live data, they already see it coming too. They can anticipate
730 |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
731 |730 |01:06:00 ~-~-> 01:06:07 |actually, these concepts are real, real precise, real good, tasty, tasty,
732 |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
733 |732 |01:06:13 ~-~-> 01:06:18 |you've walked through like 30 years. It's not entirely true about 27 and a
734 |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
735 |734 |01:06:26 ~-~-> 01:06:31 |these different personas online. I've been so many personas online over the
736 |735 |01:06:31 ~-~-> 01:06:36 |years, and listen to people come up and try to promote this and promote that.
737 |736 |01:06:36 ~-~-> 01:06:41 |And I'm thinking myself, this is ridiculous. This is ridiculous, and I am
738 |737 |01:06:41 ~-~-> 01:06:45 |the one out here proving things that no one else can replicate in any other form
739 |738 |01:06:45 ~-~-> 01:06:51 |of trading knowledge. Okay, oh yeah, he talks about this and talks about stop
740 |739 |01:06:51 ~-~-> 01:06:56 |hunts. Oh, man, it's not just a stop hunt. It's the whole panoramic view and
741 |740 |01:06:56 ~-~-> 01:07:01 |the timing aspects where a stop loss isn't going to get hit where the
742 |741 |01:07:01 ~-~-> 01:07:05 |market's going to behave a certain way and then run for the liquidity.
743 |742 |01:07:05 ~-~-> 01:07:08 |Everybody understands there's buy stops above old highs and below old lows, or
744 |743 |01:07:08 ~-~-> 01:07:11 |sell stocks. Everybody understands that. I didn't fully understand it before I
745 |744 |01:07:11 ~-~-> 01:07:15 |started trading with real money in 1992 Admittedly, I had no idea what I was
746 |745 |01:07:15 ~-~-> 01:07:19 |doing. I should have never put money into an account. But once you
747 |746 |01:07:19 ~-~-> 01:07:20 |understand,
748 |747 |01:07:22 ~-~-> 01:07:26 |because I encourage folks, it's better for people to go out there and don't
749 |748 |01:07:26 ~-~-> 01:07:30 |believe me right away, go do other people's stuff, because once you wreck
750 |749 |01:07:30 ~-~-> 01:07:35 |yourself doing that, and you come here, you're going to swear up and down that I
751 |750 |01:07:35 ~-~-> 01:07:38 |should have been the only person in Jack swagger's book market wizard, okay,
752 |751 |01:07:38 ~-~-> 01:07:43 |because everything else, literally, is nonsense. Now I'm not saying there's
753 |752 |01:07:43 ~-~-> 01:07:46 |people in those books aren't worthy of listening to. Because I looked at Ed
754 |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.
755 |754 |01:07:58 ~-~-> 01:08:03 |Marcus in the first book, you know, that was one of the persons that I was like,
756 |755 |01:08:03 ~-~-> 01:08:09 |wow, you know, I resonate with him first, and then Ed, I'm like, wow, you
757 |756 |01:08:09 ~-~-> 01:08:14 |know, I can, I can, I can see how that, you know, that really resonates with me.
758 |757 |01:08:14 ~-~-> 01:08:22 |His whole business about the the Jade Master, you know, that was my first time
759 |758 |01:08:22 ~-~-> 01:08:27 |hearing about that, and it it resonated with me, because I'm like, a David
760 |759 |01:08:27 ~-~-> 01:08:31 |Carradine kung fu the series, you know, 1970s I'm, like, I'm a 70s boy, you
761 |760 |01:08:31 ~-~-> 01:08:36 |know, I was born 1972 and I grew up watching David Carradine, and I was into
762 |761 |01:08:36 ~-~-> 01:08:43 |this martial arts thing. And it just seemed like that Jade master story that
763 |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
764 |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
765 |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.
766 |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
767 |766 |01:09:06 ~-~-> 01:09:09 |have failed doing other things, because you're going to really see what you
768 |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%
769 |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
770 |769 |01:09:21 ~-~-> 01:09:25 |way, because you're going to hear stories, you're going to you're going to
771 |770 |01:09:25 ~-~-> 01:09:29 |see things said about me from people that don't watch what I'm doing in front
772 |771 |01:09:29 ~-~-> 01:09:33 |of you live, they haven't spent years with me doing this thing. Live in front
773 |772 |01:09:33 ~-~-> 01:09:37 |of paid students that able to came out and said, Hey, this guy can't do this.
774 |773 |01:09:37 ~-~-> 01:09:40 |Look. He did it all wrong today. Here's proof, proof, proof. Proof never
775 |774 |01:09:40 ~-~-> 01:09:47 |happened. You're seeing what my private mentorship has saw for years beforehand
776 |775 |01:09:47 ~-~-> 01:09:55 |over live price action every single day. I have never seen anyone ever have the
777 |776 |01:09:55 ~-~-> 01:09:59 |consistency and accuracy that my community has watched me do and perform.
778 |777 |01:10:00 ~-~-> 01:10:07 |On for years, and I've done it where it's meant to encourage you and inspire
779 |778 |01:10:07 ~-~-> 01:10:13 |you, but if you don't have a strong conviction to filter out all the outside
780 |779 |01:10:13 ~-~-> 01:10:18 |noise, because social media has a really big impact on people, if you're not
781 |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
782 |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
783 |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
784 |783 |01:10:32 ~-~-> 01:10:36 |should think about it. I'm going to see it for myself. Aren't you all adults?
785 |784 |01:10:36 ~-~-> 01:10:44 |You should be adults. Do you feel like you're being tricked here? Does it? Does
786 |785 |01:10:44 ~-~-> 01:10:49 |it look like there's some kind of illusion being perpetrated here, or is
787 |786 |01:10:49 ~-~-> 01:10:54 |it the logic that I'm trying to show that keeps repeating every single day in
788 |787 |01:10:54 ~-~-> 01:11:01 |the world's largest casino, billions of dollars change hands in this stuff. And
789 |788 |01:11:01 ~-~-> 01:11:07 |here's this guy from middle room. Rarely used to deliver pizzas, right? And I'm
790 |789 |01:11:07 ~-~-> 01:11:10 |sitting here telling you what the fluctuations on this thing's doing on a
791 |790 |01:11:10 ~-~-> 01:11:15 |one minute chart. What's the what's the possibilities of that? If it was just
792 |791 |01:11:15 ~-~-> 01:11:18 |luck and continuously keep doing it, right? It's fun, isn't it? And that's
793 |792 |01:11:18 ~-~-> 01:11:21 |what these individuals are going to tell you. But if you but if you come here
794 |793 |01:11:21 ~-~-> 01:11:26 |with a pure mind and you block out everything else, that is the best way to
795 |794 |01:11:26 ~-~-> 01:11:31 |learn, because you're not, you're not muddied up with poor logic, because you
796 |795 |01:11:31 ~-~-> 01:11:35 |end up getting these pet techniques, like I had pet techniques that I picked
797 |796 |01:11:35 ~-~-> 01:11:38 |up in the early years. I was like, I'm convinced that I just gotta figure out
798 |797 |01:11:38 ~-~-> 01:11:42 |how to do this. One better, the stochastics diversions. I love the type
799 |798 |01:11:42 ~-~-> 01:11:47 |two trend following divergence. I like that more than your standard lower low
800 |799 |01:11:47 ~-~-> 01:11:51 |in price and a higher low in the indicator. That was like my favorite
801 |800 |01:11:51 ~-~-> 01:11:55 |thing to see a higher low when the market's bullish. But the stochastic I
802 |801 |01:11:55 ~-~-> 01:11:59 |was using on an hour chart would go lower than the reading it was at the
803 |802 |01:12:00 ~-~-> 01:12:04 |lower low in price. So that's a type two trend following, and they call it hidden
804 |803 |01:12:04 ~-~-> 01:12:08 |divergence. And that's, you know, it later, was picked up when I what was
805 |804 |01:12:08 ~-~-> 01:12:15 |first released by a guy that was producing charts back then. And Nick
806 |805 |01:12:15 ~-~-> 01:12:18 |van, nice is his name, so he's the one that gave it to the community. George
807 |806 |01:12:18 ~-~-> 01:12:21 |Lane didn't event. And I love doing it. I love twisting like because there's so
808 |807 |01:12:21 ~-~-> 01:12:23 |many people out there talking about how this one talking about how this one's
809 |808 |01:12:23 ~-~-> 01:12:27 |the engineer of this one. This one's the founder of this you guys have no idea
810 |809 |01:12:27 ~-~-> 01:12:30 |what you're talking about. Like, you literally don't even know history. You
811 |810 |01:12:30 ~-~-> 01:12:35 |don't know you're just listening other people talk on the internet. So in
812 |811 |01:12:35 ~-~-> 01:12:39 |closing, I'm closing it up now. You got an extra nine minutes from me. No extra
813 |812 |01:12:39 ~-~-> 01:12:46 |charge. The the screen as it looks right now, if you took everything off of it
814 |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
815 |814 |01:12:53 ~-~-> 01:12:58 |screenshot of mine right here, as it is in the live stream, and then on your own
816 |815 |01:12:58 ~-~-> 01:13:04 |chart. I want you to strip everything away, just price alone. And for my
817 |816 |01:13:04 ~-~-> 01:13:07 |students that have been with me for a long time, try to remember what it was
818 |817 |01:13:07 ~-~-> 01:13:10 |like when you looked at those candlesticks like that and it was
819 |818 |01:13:10 ~-~-> 01:13:15 |completely foreign to you. It was like learning a foreign language you've never
820 |819 |01:13:15 ~-~-> 01:13:23 |seen before. And now everything has a rhyme and a reason. Everything here has
821 |820 |01:13:23 ~-~-> 01:13:28 |a purpose. And when you understand that and you fully appreciate it, it's like
822 |821 |01:13:28 ~-~-> 01:13:36 |rocket fuel. It fuels you, it keeps you going. Here's that gap yesterday I was
823 |822 |01:13:36 ~-~-> 01:13:42 |showing in the markup that was being used as a draw that took us down below
824 |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
825 |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
826 |825 |01:13:58 ~-~-> 01:14:02 |it to you in the afternoon. I've given you enough candy today. Okay, stop being
827 |826 |01:14:02 ~-~-> 01:14:10 |so greedy. So that's the business for today. I think if you're here to learn,
828 |827 |01:14:10 ~-~-> 01:14:14 |you you've you've got some good, good stuff today. You got a chance to watch
829 |828 |01:14:14 ~-~-> 01:14:19 |how my PDA race perform, how price delivered back and forth, and how it
830 |829 |01:14:19 ~-~-> 01:14:23 |sought liquidity, and then work towards that upper end of that opening range
831 |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
832 |831 |01:14:28 ~-~-> 01:14:31 |see it. I wish I could see the thumbs down, because they do make me smile. But
833 |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
834 |833 |01:14:37 ~-~-> 01:14:40 |down category, you gotta get to get those numbers up. If they're they're
835 |834 |01:14:40 ~-~-> 01:14:43 |rookie numbers, and until I'll talk to you tomorrow, Lord willing, it'll
836 |835 |01:14:43 ~-~-> 01:14:49 |probably it might be a London session tomorrow. So it might be, might be
837 |836 |01:14:49 ~-~-> 01:14:56 |meeting tonight, my time, which would be 2am to like four o'clock in the morning.
838 |837 |01:14:57 ~-~-> 01:15:02 |So I promise I'd give you a London session. So. So to tell you for certain,
839 |838 |01:15:02 ~-~-> 01:15:07 |just check my community post today at five o'clock Eastern time that'll either
840 |839 |01:15:07 ~-~-> 01:15:13 |confirm that we will be meeting on live stream at 2am tonight my local time for
841 |840 |01:15:13 ~-~-> 01:15:18 |Thursday's trading, or if it'll be Thursday nights for Friday's trading,
842 |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
843 |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
844 |843 |01:15:27 ~-~-> 01:15:28 |Lord Billy, be safe. I.