ICT YT - 2024-09-09 - ICT Mentorship 2024 - Lecture 24

Last modified by Drunk Monkey on 2024-09-11 12:21

00:03:43 --> 00:03:55 ICT: Good grief, this OBS see if I can hear myself, I'll check one. There's the
00:03:55 --> 00:04:02 old man. Good morning, folks. How are you? So we're back at it again here. So
00:04:02 --> 00:04:08 let's see, see what guy here. There's nothing really to speak of, because we
00:04:08 --> 00:04:17 have basically an empty Monday and Tuesday economic calendar. Later, we
00:04:17 --> 00:04:26 have ppi and CPI numbers, so they're face rippers a bit of a premium, premium
00:04:27 --> 00:04:35 gap opening here. So that's where we're at here with that. Just going to use the
00:04:35 --> 00:04:45 FIB here and make it a little easier and the open up here. These back on,
00:04:50 --> 00:04:55 alright, so mid gap is way down here. These two levels here I did a little bit
00:04:55 --> 00:05:09 of needling on. Social media last night. So we have the weekly inversion fair
10 00:05:09 --> 00:05:14 value gap in here. I'm allowing it to try to reach for that, see if it can get
11 00:05:14 --> 00:05:22 up in there and tap into that, and see if they'll let it run a little bit lower
12 00:05:22 --> 00:05:23 after that, into the gap I'm
13 00:05:50 --> 00:05:59 I mean time frame. Notice that the bottom of that weekly inversion for your
14 00:05:59 --> 00:06:10 Vega here also has that little tiny separation between that candles low,
15 00:06:11 --> 00:06:17 this candle is high, so that is a Sibi, so you want to Have that annotated on
16 00:06:17 --> 00:06:31 your chart. There. We're just hitting it now. I'd very much prefer it hitting the
17 00:06:31 --> 00:06:36 weekly version of your vague gap before selling off. Otherwise I'd have to let
18 00:06:36 --> 00:06:42 it have another chance to run there, not chasing anything.
19 00:06:58 --> 00:07:08 Do you have fun this weekend? I did alright. So here's a one minute chart.
20 00:07:08 --> 00:07:16 We have not had any first presentation fair value gap yet. There is one
21 00:07:16 --> 00:07:25 obviously on that 15 second chart that's, uh, right here. She'll annotate
22 00:07:25 --> 00:07:28 that and keep it off my chart now, because these are a little too much
23 00:07:28 --> 00:07:38 stuff on the chart for my clicking. This is all stuff from me needling Twitter
24 00:07:38 --> 00:07:48 last night. I hopefully I've inspired a bunch of you live streamers out here, or
25 00:07:48 --> 00:07:54 those that don't live stream to come out here and play in the sandbox with us.
26 00:07:54 --> 00:07:54 You
27 00:08:10 --> 00:08:20 okay, small, right in here, small, little favor again. I
28 00:08:33 --> 00:08:38 got a chance to sleep in today, actually trying to get some rest for tonight's
29 00:08:38 --> 00:08:45 London livestream. So I promised the Forex gang that we would look at some
30 00:08:45 --> 00:08:51 London stuff. I'll look at futures too during the London session. It's not just
31 00:08:51 --> 00:08:55 Forex, but I promised I would ring in some of that insight into this
32 00:08:55 --> 00:09:01 mentorship. We're only going to go till 1030 this morning. I have to take care
33 00:09:01 --> 00:09:09 of something at the bank, some fraudulent activity. Check your bank
34 00:09:09 --> 00:09:14 statements, folks. If you see somebody going in and giving you like 3036, cents
35 00:09:14 --> 00:09:19 or 17 cents, and then taking it back out, that's them testing to see if money
36 00:09:19 --> 00:09:24 can come in and now, because somebody just took $7,000 a month, but they don't
37 00:09:25 --> 00:09:27 have an ownership of that's okay, all Right.
38 00:09:41 --> 00:09:47 So I want to see it run up into that weekly inversion, Fairbank gap in that
39 00:09:47 --> 00:09:52 orange shade area that would also be another run above these highs in here.
40 00:09:52 --> 00:09:58 It's a little too blocky in here, too consolidated, even though it is a 15
41 00:09:58 --> 00:10:02 second chart. I. Want to see some kind of disruption to the upside you
42 00:10:27 --> 00:10:35 that's actually now in the right place it should be there. So a little
43 00:10:35 --> 00:10:41 lackluster. So far this morning. Nothing terribly exciting for the opening range.
44 00:10:41 --> 00:10:46 Opening range is between 930 and 10 o'clock Eastern time, and the opening
45 00:10:46 --> 00:10:53 range gap is previous day settlement. That's the close here to the open the
46 00:10:53 --> 00:10:55 very first print at 930
47 00:11:02 --> 00:11:24 and so when I have your economic calendar with the PPI and CPI number,
48 00:11:24 --> 00:11:31 and all you have to do is go to Forex factory.com, or econo day calendar, or
49 00:11:31 --> 00:11:36 any other decent calendar, they'll they'll show that those reports are
50 00:11:36 --> 00:11:44 This, like this week, Wednesday and Thursday. And then there's an absence of
51 00:11:44 --> 00:11:48 any real news drivers on Monday and Tuesday. You want to try to find your
52 00:11:48 --> 00:11:54 trades. If you're going to try to trade and avoid all of the huge volatility
53 00:11:54 --> 00:11:59 that is introduced by those reports, you simply just trade on the Monday and
54 00:11:59 --> 00:12:05 Tuesday, not this week not to say you can't trade post ppi and CPI number,
55 00:12:05 --> 00:12:10 because I certainly will be all right, we just touch the bottom of that
56 00:12:10 --> 00:12:20 inversion of fair value gap. Again, that's this up here. Okay, I'm a nice
57 00:12:41 --> 00:12:44 set of reactions so far, that's probably random.
58 00:12:58 --> 00:13:04 I'm just going to show the mid gap and have a little bit more real estate in
59 00:13:04 --> 00:13:06 the size of these candles shown
60 00:13:13 --> 00:13:17 again, mid gap is here for the opening range gap. I'm
61 00:13:32 --> 00:13:36 watching the breaker here on the one minute chart, the short term, high,
62 00:13:37 --> 00:13:42 higher, high. This down close candle. I'm watching how we behave and print
63 00:13:42 --> 00:13:42 around that. I'm
64 00:13:58 --> 00:14:02 gonna apologize in advance, because we're answering the time of year where I
65 00:14:02 --> 00:14:08 have fall allergies, and it's unfortunate I can't do anything about
66 00:14:08 --> 00:14:12 because I'm not gonna take medicines, but the clearing of my throat,
67 00:14:12 --> 00:14:17 unfortunately, might be a little bit distracting or something. You'll get a
68 00:14:17 --> 00:14:22 minor so I know if I was listening to someone else sound like that, just don't
69 00:14:22 --> 00:14:25 need the comments, because I'll just broom you. I don't ever see your comment
70 00:14:25 --> 00:14:34 ever again. You can just say it one time. You can say anything you want one
71 00:14:34 --> 00:14:39 time. See how flat price is right now. Yes, it went up to a level we were
72 00:14:39 --> 00:14:46 looking for an anticipating, but it's just like not trying to do much in the
73 00:14:46 --> 00:14:59 15th second inside the city here air shorter block, not enough energy to the
74 00:14:59 --> 00:15:06 downside to. Yeah, they get me interested yet, meaning like that. What
75 00:15:06 --> 00:15:11 do you mean by that? The short term low here, the wicks came down, and we had
76 00:15:11 --> 00:15:17 two of them. So it's not something that has me all that terribly excited.
77 00:15:17 --> 00:15:21 Meaning we could see one more punch into this high a little bit higher than that,
78 00:15:21 --> 00:15:29 then we'll have to see what the what the delivery is after that. Just relax.
79 00:15:29 --> 00:15:37 There's plenty of setups this week coming. Plenty of them new. Need to rush
80 00:15:37 --> 00:15:41 out the gate to get the first one that comes in the first 10 to 20 minutes, and
81 00:15:41 --> 00:15:46 I don't know, not on a Monday, not with a week like we're getting ready to see,
82 00:15:46 --> 00:15:53 I'll see all kinds of movement. If you come out here and you you waste your
83 00:15:53 --> 00:16:03 ammo and your mental fortitude on less than optimal conditions. It just makes
84 00:16:03 --> 00:16:07 it harder for you to be in when the markets are really given out for free.
85 00:16:07 --> 00:16:12 Well, maybe I shouldn't say for free, but a lot of lot more easier price
86 00:16:12 --> 00:16:19 deliveries, lot more fluctuations and prices can work and navigate in again.
87 00:16:19 --> 00:16:21 This chart over here is a 15 second chart
88 00:16:30 --> 00:16:42 and one minute chart on the Right got a lot of comments from the annotation
89 00:16:42 --> 00:16:48 markups I'm teaching my son to do. And of course, I have a few other ones that
90 00:16:48 --> 00:16:53 are saying things like, this is tedious. It's not necessary. Well, I mean, if
91 00:16:53 --> 00:16:57 you're already profitable and you know what you're doing, you didn't, by all
92 00:16:57 --> 00:17:00 means, do what you got to do, but for people to go ahead and reprice action, I
93 00:17:01 --> 00:17:05 would venture to say that ones that say that they don't journal, they probably
94 00:17:05 --> 00:17:08 aren't as precise or consistent as they like to pretend they are on social
95 00:17:08 --> 00:17:13 media. But the way you get better at it and learn how to see the things that
96 00:17:13 --> 00:17:21 teach and execute on you see my executions, those intricate details that
97 00:17:21 --> 00:17:28 I'm showing in my markups for cables channel we have this week and next week,
98 00:17:28 --> 00:17:34 and then he'll have enough for him to have conversation with me in the videos.
99 00:17:35 --> 00:17:38 He has to learn some things first, otherwise it's gonna be a lot of grunts
100 00:17:38 --> 00:17:45 like you see that, son. I hmm, which isn't all that engaging.
101 00:17:55 --> 00:18:01 So you want to, want to, kind of, like, note any kind of anxiety you're feeling
102 00:18:01 --> 00:18:07 right now, or any kind of unwavering excitement about wanting to be in
103 00:18:07 --> 00:18:13 something right now that's usually are not aware of what you're looking for,
104 00:18:13 --> 00:18:20 and you just trying to like a dog, like my wife, she takes the food bowls out As
105 00:18:20 --> 00:18:24 soon as they hear the metal clanking together, they immediately drop whatever
106 00:18:24 --> 00:18:27 they're doing, and they're like, Okay, I gotta, I gotta get ready, run in here
107 00:18:27 --> 00:18:33 and get something. And that's usually what FOMO feels like for a trader that
108 00:18:34 --> 00:18:38 doesn't have a model, doesn't know what they're looking for, and just because
109 00:18:38 --> 00:18:42 these candlesticks are, you know, flicking up and down. There's no setup
110 00:18:42 --> 00:18:52 here yet, so you just have to sit still. Let it come to you. One of the best
111 00:18:52 --> 00:18:57 exercises you can do for yourself is just physically sit still the first 30
112 00:18:57 --> 00:19:03 minutes, even if there is an ideal setup that you may identify or recognize, sit
113 00:19:03 --> 00:19:09 still, don't do anything, engage price after 10 o'clock and do that for a few
114 00:19:09 --> 00:19:16 months. And just really take inventory on how you feel. Are you feeling
115 00:19:16 --> 00:19:22 impulsive? Are you feeling reckless? You feel like you want to gamble, those are
116 00:19:22 --> 00:19:26 wonderful observations to discover about yourself early on, before you start
117 00:19:26 --> 00:19:30 trading with real money, because these, those are the various characteristics
118 00:19:30 --> 00:19:38 that will undo you and prevent you find for finding success, but not enough's
119 00:19:38 --> 00:19:43 been taught about it. I mean, Mark Douglas book and other people have
120 00:19:43 --> 00:19:52 touched very, very lightly on trade psychology and what, what are catalysts
121 00:19:52 --> 00:19:55 for people to go on tilt? How do you prevent it? What skill sets do you have
122 00:19:55 --> 00:20:03 to develop and muster for. Before you end up in that situation where you have
123 00:20:03 --> 00:20:14 regret, and it's by journaling and tape reading and anytime you feel impulsive,
124 00:20:15 --> 00:20:18 anytime you feel impulsive or anxious that you're afraid you're going to miss
125 00:20:18 --> 00:20:23 something, take a screenshot of the chart. Take a screenshot of it, and then
126 00:20:23 --> 00:20:29 annotate that with, you know, simple words like anxious, feeling reckless,
127 00:20:29 --> 00:20:33 feeling impulsive. And then at the end of the session, what would that be like
128 00:20:33 --> 00:20:38 for index trading to be noon, near global time, and then look and see what
129 00:20:38 --> 00:20:43 price did actually after that moment. And you'll see many times what you were
130 00:20:43 --> 00:20:48 fearful of, that you were going to miss wasn't even in the chart at all, and it
131 00:20:48 --> 00:20:54 desensitizes your whole like this pursuit, I got to catch something. I
132 00:20:54 --> 00:20:58 didn't catch something. It goes away after you've conditioned yourself to
133 00:20:58 --> 00:21:06 say, look, I've been here before. It's just me wanting to do something, eat on
134 00:21:06 --> 00:21:10 a 15 second chart, which usually is very, very fluid from can find a lot of
135 00:21:10 --> 00:21:17 setups on it's still just looks like a picket fence. The neighbor that doesn't
136 00:21:17 --> 00:21:24 take care of his yard. It's all tattered looking in here, I'd like to see it
137 00:21:24 --> 00:21:28 displaced lower here. Admittedly, I'd like to see that, because we have now
138 00:21:28 --> 00:21:34 had a body come down below the breaker, which is this down closed candle here.
139 00:21:35 --> 00:21:39 I'd prefer to see it start to make a move lower and work towards these lows
140 00:21:39 --> 00:21:46 here, because if we can get between here, let me outline it, because we can
141 00:21:46 --> 00:21:55 go between this low and the upper quadrant of the opening range, gap,
142 00:21:55 --> 00:21:56 which is here.
143 00:22:02 --> 00:22:08 And I'd like to see some kind of move lower here, and then either on the one
144 00:22:08 --> 00:22:14 minute chart or the 15 second chart, create a fair value gap to watch price
145 00:22:14 --> 00:22:19 trade up into, and then try to make a run into mid gap. That's all I would
146 00:22:19 --> 00:22:24 look for today, and then if it wants to close more of the gap or go higher, you
147 00:22:24 --> 00:22:29 know, so be it. But when I'm looking at price and I want to kind of frame up a
148 00:22:29 --> 00:22:33 setup that I'm willing to sit and wait for, that's what I would be looking for
149 00:22:33 --> 00:22:37 today, I would not be interested in chasing it going higher. We have too
150 00:22:37 --> 00:22:43 much of a gap opening higher. They're building a huge premium, and we're
151 00:22:43 --> 00:22:51 taking it back to a weekly objective, which is that orange shaded box up here.
152 00:22:52 --> 00:22:57 All of that range is a weekly inversion for value gap. And it's, it's, it's big.
153 00:22:58 --> 00:23:06 So I don't want to be I uh, up in here you're trying to go long after we've
154 00:23:06 --> 00:23:13 opened up with such a large gap opening, I'm much more comfortable waiting for it
155 00:23:13 --> 00:23:19 to price in whatever premium it wants to put in price. I'm not willing,
156 00:23:19 --> 00:23:25 basically, to pay exorbitant price for NASDAQ, especially on a day that there's
157 00:23:25 --> 00:23:33 no news until we get to Wednesday and Thursday. So that's a little bit better
158 00:23:33 --> 00:23:38 delivery. See how the bodies are like butted up and at the bottom of it, and
159 00:23:38 --> 00:23:44 not just the wick. That's what I was saying about the the break over here. I
160 00:23:44 --> 00:23:52 didn't like that there, because while it did go below it, when we have such a
161 00:23:52 --> 00:23:57 premium opening, meaning that this is where Friday's settlement price is here,
162 00:23:58 --> 00:24:07 and the first print at 930 the opening bell. That's your first traded price.
163 00:24:07 --> 00:24:14 The difference between that is so large it's already built in an expensive
164 00:24:14 --> 00:24:22 price, so I'm not willing to buy that, and I'm comfortable letting it go. It's
165 00:24:22 --> 00:24:27 like anything else. If it's not your price, you're not going to pay for it.
166 00:24:27 --> 00:24:32 If you know, you can get it cheaper, if you just wait a little while. No, that's
167 00:24:32 --> 00:24:36 what trading should be like. Why pay more for something you can get cheaper
168 00:24:36 --> 00:24:40 later on with less risk, with better visibility. Right now you're you're
169 00:24:40 --> 00:24:48 trading inside of just one event of where we opened up. So now think about
170 00:24:48 --> 00:24:51 what I was talking about earlier, about the breaker, because we had these two
171 00:24:51 --> 00:24:57 wicks down here. It didn't show any kind of displacement lower. It just reached
172 00:24:57 --> 00:25:01 down just a little bit below it, and we. Because of that I was telling you, we're
173 00:25:01 --> 00:25:04 probably going to see one more drive above this into that weekly inversion
174 00:25:04 --> 00:25:08 fair value gap. Then we had this delivery here, and this is a one minute
175 00:25:08 --> 00:25:13 chart up here, so it was nice to see it deliver that body now, leaving these
176 00:25:13 --> 00:25:17 kind of wicks inside of the inversion fair value gap, if it runs below, that's
177 00:25:17 --> 00:25:21 a little bit more, a lot more meaningful, meaning that this
178 00:25:21 --> 00:25:28 candlestick here treat that same down close candle as I was looking at that
179 00:25:28 --> 00:25:33 initially here, I wanted to see how we behaved when price traded to its low.
180 00:25:33 --> 00:25:39 Now, this is a point of interest for me, if that candle is low because we have
181 00:25:39 --> 00:25:47 what we have the high here. This swing low. And we ran up into that weekly
182 00:25:47 --> 00:25:51 version of everybody got we budded up against the bottom of it with that
183 00:25:51 --> 00:25:56 candlesticks. Body, indecisive candle body, saying, No, I'm not really
184 00:25:56 --> 00:26:02 interested. Open wick into it here, and we're showing initial signs that it may
185 00:26:02 --> 00:26:06 want to drop. There's a gap in here. I'd like to see it get below that and show
186 00:26:06 --> 00:26:11 signatures of inversion on that, and how we drive under under here. And it may
187 00:26:11 --> 00:26:15 not. I'm just saying that that's what I'm observing. I get a lot of questions,
188 00:26:15 --> 00:26:19 what am I looking for? What am I waiting for? How do I frame a setup? What
189 00:26:19 --> 00:26:26 determines the setup? Most of which is how we open, if I'm training the morning
190 00:26:26 --> 00:26:31 session, how we open relationship to the previous day's settlement price, which
191 00:26:31 --> 00:26:42 is 415, Eastern Time, PM, and then the afternoon. I'm not so much, you know,
192 00:26:42 --> 00:26:49 concerned about the same things that the morning session provides me. There's
193 00:26:49 --> 00:26:53 other things, like I'm looking at how we trade a new the afternoon lunch. I'm not
194 00:26:53 --> 00:26:59 so much concerned about the same things. I just turned my headphones on. Sorry
195 00:26:59 --> 00:27:09 about that. You got that feedback on but I look for things to frame price runs
196 00:27:09 --> 00:27:16 that make sense. So since we gapped up here and have a large gap below us from
197 00:27:16 --> 00:27:23 Friday's close at 415 any movement below here sets the stage for a potential
198 00:27:23 --> 00:27:32 trade to half of the gap. So the rules I live by is 70% of the time that half gap
199 00:27:32 --> 00:27:37 price level gets traded to and repriced to in the first 30 minutes of trading.
200 00:27:37 --> 00:27:42 70% of the time is not 100% of the time. So because we have the economic
201 00:27:42 --> 00:27:47 calendar, as we have this week, where Monday and Tuesdays kind of like blank,
202 00:27:47 --> 00:27:55 it doesn't have a whole lot of reason to do anything yet, except for building a
203 00:27:55 --> 00:28:01 big premium for PPI CPI number to run against this. So in my mind, that that's
204 00:28:01 --> 00:28:04 how I'm interpreting this. In case you're probably wondering what that is
205 00:28:04 --> 00:28:08 like. What do I think is going to happen this week? I think all of this is just,
206 00:28:08 --> 00:28:15 you know, them going against last week's big drop and going up into a logical
207 00:28:15 --> 00:28:19 level, which that weekly inversion, fair value gap. That's that orange shaded
208 00:28:19 --> 00:28:28 area. I'm watching this 15 second gap right here. It's also a breaker, high,
209 00:28:28 --> 00:28:39 low, higher, high, inside the inversion for your bank, the the absence of
210 00:28:39 --> 00:28:47 anything on the internet calendar Monday and Tuesday forces me and or forces a
211 00:28:47 --> 00:28:56 price action trader to demand that price be clean versus I can, I can engage with
212 00:28:56 --> 00:29:01 a little bit sloppier price action. If there has been something released at
213 00:29:01 --> 00:29:04 like 830 or if it releases at 10 o'clock, some kind of economic news
214 00:29:04 --> 00:29:08 driver, something, some kind of report or something basically like a smoke
215 00:29:08 --> 00:29:12 screen. It's what I call it, an injection of volatility. It's an
216 00:29:12 --> 00:29:18 invitation for people to come to the watering hole. Okay, so we don't have
217 00:29:18 --> 00:29:21 that today and we don't have that tomorrow. So the best thing you can do
218 00:29:21 --> 00:29:25 as a trader and put this in your journal as well, and you'll probably save
219 00:29:25 --> 00:29:28 yourself a whole lot of heartache and draw them and probably blend accounts.
220 00:29:28 --> 00:29:32 But the the absence of anything on the economic counter, that means that you
221 00:29:32 --> 00:29:36 must absolutely see clean price action. Just because you have a high impact or
222 00:29:36 --> 00:29:40 medium impact news driver does not mean you're going to have clean price action.
223 00:29:40 --> 00:29:43 You can have really wild back and forth price action. And if that's the case,
224 00:29:43 --> 00:29:47 then you don't trade that either. So it's a lot of knowing when not to do
225 00:29:47 --> 00:29:52 something because, just because you walk in the kitchen and Something smells good
226 00:29:53 --> 00:29:57 and you think that it's safe to touch that handle on that pot, you don't
227 00:29:57 --> 00:30:02 really know. And like a child. You, I've had this happen to me and my child. My
228 00:30:02 --> 00:30:06 children have done this too. They reach up and they touch something and they get
229 00:30:06 --> 00:30:10 burned. But they don't ever do that ever again. But you don't get that luxury.
230 00:30:10 --> 00:30:14 Sometimes in trading, sometimes you can blow the account, and you may not be
231 00:30:14 --> 00:30:22 able to trade again until you fix what was required to restore all that. So
232 00:30:22 --> 00:30:27 demanding, uh, clarity and what you're looking for, for the setups, and just
233 00:30:27 --> 00:30:33 letting it go, just let it go, which is what an adult perspective would be. I
234 00:30:33 --> 00:30:38 want to grab that pot and turn it around here so I can and take a look and see
235 00:30:38 --> 00:30:43 what's inside this pot. An adult would say, where's that potholder at? Let me
236 00:30:43 --> 00:30:46 grab that, because I ain't trying to get burned here, and then I can find out
237 00:30:46 --> 00:30:51 what I want to see. What are they doing? They're deferring their interest, being
238 00:30:51 --> 00:30:55 satisfied with protection Well, in trading price action when there's really
239 00:30:55 --> 00:31:00 nothing going on yet that is all that exciting. These are the things I do. I
240 00:31:00 --> 00:31:04 wait and I demand price, give me what I would rather see. And that's
241 00:31:04 --> 00:31:08 unfortunately, a skill set that wasn't there in the beginning, from like I was
242 00:31:08 --> 00:31:12 impulsive, reckless and fearing I was going To miss everything.
243 00:31:19 --> 00:31:21 Don't make sense. Don't do it.
244 00:31:42 --> 00:32:06 You Daniel's hearing the snap of the water bottle, thinking, bro, I mailed
245 00:32:06 --> 00:32:10 you a Yeti and you're still drinking out of the water bottle. I was short on
246 00:32:10 --> 00:32:13 time. Okay, I had to hurry up and get things set up. All
247 00:32:22 --> 00:32:27 right. So now think about what we've had so far this morning, large range, gap
248 00:32:27 --> 00:32:34 opening. That's this price here from previous days. Opening, I'm sorry,
249 00:32:34 --> 00:32:39 previous settlement daily on Friday, we had a short term high form here, a short
250 00:32:39 --> 00:32:44 term high formed here, short term high formed here, and once more, up here.
251 00:32:44 --> 00:32:50 Whenever price is doing that, it's usually indicative of them engineering
252 00:32:50 --> 00:32:54 liquidity, even though the moves aren't as pronounced as I'd prefer them to be.
253 00:32:55 --> 00:32:59 That could be very much what we're seeing here, where by creating these
254 00:32:59 --> 00:33:04 little, tiny short term highs. Everybody wants to fill the gap. I mean, that's
255 00:33:04 --> 00:33:07 that's trading one on one. If you know anything about trading, the opening
256 00:33:07 --> 00:33:13 session of the very few minutes of trading, the gaps, they have a magnetic
257 00:33:13 --> 00:33:18 effect on price action, but not all the time, not all the time. They can stay
258 00:33:18 --> 00:33:24 open for days. It could, it could leave that gap entirely open for days. This
259 00:33:24 --> 00:33:29 because there's a gap doesn't mean it's 100% probability that's going to fill
260 00:33:30 --> 00:33:33 it. But what I like to see is if it's doing things like this, where it creates
261 00:33:33 --> 00:33:38 highs, and they keep taking those highs, but it's not really running aggressively
262 00:33:38 --> 00:33:47 and showing big amounts of price runs, it's just going enough to take out the
263 00:33:47 --> 00:33:52 previous highs, going just not take out previous highs. So to me, when I see
264 00:33:52 --> 00:33:57 that stuff, I think that Okay, someone is taking the other side of that high
265 00:33:57 --> 00:34:03 being taken out. And when I see those types of things forming in price action,
266 00:34:03 --> 00:34:09 I start telling myself, if this is what I think it is, then it should start to
267 00:34:09 --> 00:34:14 show speed after taking the the most recent swing high, which is this one
268 00:34:14 --> 00:34:19 here. We're a little bit deeper inside of that weekly inversion fair value gap.
269 00:34:19 --> 00:34:24 So I'm waiting to see, do I get that strong drop down? Because I don't want
270 00:34:25 --> 00:34:28 to sell into these highs here. Like, I don't, I don't personally want to do
271 00:34:28 --> 00:34:30 that, because they could just keep building this and building this and
272 00:34:30 --> 00:34:33 building this, and I don't think we're going to be here later in the week,
273 00:34:34 --> 00:34:43 like, I think we could be lower. So the absence of any kind of economic data
274 00:34:43 --> 00:34:46 Monday and Tuesday, and then you have that big storm of volatility that's
275 00:34:46 --> 00:34:52 going to come with the PPI and CPI number where, like, you can't safely
276 00:34:52 --> 00:34:57 trade them in advance because they're wild, like they're immediate repricing,
277 00:34:57 --> 00:35:02 and they're aggressive, and they can hurt you. Very, very, very bad. If
278 00:35:02 --> 00:35:06 you're offside on something like that, you're getting crushed. And there's no
279 00:35:06 --> 00:35:10 helping, there's no saving you. It's just you're done for so it's better for
280 00:35:10 --> 00:35:16 that report to come out and then give it a few minutes, 1520 minutes, and then
281 00:35:16 --> 00:35:22 see what's left for liquidity or inefficiency. Here, I think what they're
282 00:35:22 --> 00:35:25 doing is they're just retracing it against what we saw on Friday. I don't
283 00:35:25 --> 00:35:31 think we're going to see the entire range of Friday overtaken a large pool
284 00:35:31 --> 00:35:37 of liquidity. Let's go into oops daily chart. I
285 00:35:47 --> 00:35:53 I see these lows here. It's an election year. I think we're gonna see a lot of
286 00:35:53 --> 00:36:00 volatility around the end of second half of October and then obviously going into
287 00:36:00 --> 00:36:05 the rest of the year. But I don't see us going back over top of Friday's range.
288 00:36:06 --> 00:36:12 There's no reason to do that, but we can dig deeper into this weekly inversion
289 00:36:12 --> 00:36:16 fair value gap, which you see here. This is
290 00:36:22 --> 00:36:28 it's a separation between this candlestick low, this candlestick high.
291 00:36:28 --> 00:36:33 So it's this inside of this. After dropping a lot on Friday, it's it's
292 00:36:33 --> 00:36:36 reasonable to anticipate a retracement on Monday morning, like that. It's
293 00:36:37 --> 00:36:40 reasonable to anticipate there's going to be a large range gap opening, higher
294 00:36:40 --> 00:36:45 or premium gap opening. That's normal. That's a normal expectation for someone
295 00:36:45 --> 00:36:50 that's been studying and and is familiar with price action. But you have to be
296 00:36:50 --> 00:36:54 cautious, because this is a lot of range just to get to the midpoint of that,
297 00:36:54 --> 00:37:01 which is here. So it's trading a 791, it could trade another 100 points higher.
298 00:37:01 --> 00:37:05 And I don't want to try to be aggressive and try to sell short, because I think
299 00:37:05 --> 00:37:09 I'm seeing, Oh, they ran, buy, stop, so now it's going to reject lower. I got to
300 00:37:09 --> 00:37:15 see other things. And when I'm watching how prices are creating these short term
301 00:37:15 --> 00:37:20 highs, I'm weighing out, how does it deliver after it does it? Is it? Is it
302 00:37:20 --> 00:37:23 quickly, trying to get away from it, because if it's not, then it's probably
303 00:37:23 --> 00:37:26 going to keep pressing higher. And you don't want to try to sell short on a day
304 00:37:26 --> 00:37:30 where it's just, even though there's a large range gap opening, and everybody
305 00:37:30 --> 00:37:34 wants to see the gap fill like that's the natural tendency for people that
306 00:37:34 --> 00:37:38 want to trade or day trade. They they want to see this gap fill in. They want
307 00:37:38 --> 00:37:45 to see that. But what if it doesn't and you just keep trying to sell short? I've
308 00:37:45 --> 00:37:49 done that as a 20 year old. I did a lot of that in the bond market. When I
309 00:37:49 --> 00:37:49 started buying
310 00:37:59 --> 00:38:08 hydrate, it's caught that mute button just in time. Had to sneeze, sorry.
311 00:38:14 --> 00:38:20 So one of the best things you can learn how to do Caleb is to just sit still.
312 00:38:20 --> 00:38:25 Learn to just be very, very still. Don't, don't try to rush to do
313 00:38:25 --> 00:38:34 something. You make more money doing little or less, and you certainly keep
314 00:38:34 --> 00:38:41 profits longer by doing less. Doesn't sound like it should be like that, But
315 00:38:41 --> 00:38:43 that's exactly what it's that's the truth.
316 00:39:02 --> 00:39:15 I Okay, I like what we're seeing here. So we had this high, take out that one,
317 00:39:15 --> 00:39:19 and this high here failed. We broke lower below here, and then we're seeing
318 00:39:19 --> 00:39:22 the bodies even on the 15 second chart, respect the lower portion of that
319 00:39:22 --> 00:39:25 inversion. That inversion fair value gap. So that takes my attention back
320 00:39:25 --> 00:39:27 into the one minute chart.
321 00:39:36 --> 00:39:44 Learning to manage the fear of missing out is like it's it's hard, folks like,
322 00:39:44 --> 00:39:48 it is hard. There's really no way around it that makes it easier or faster. You
323 00:39:49 --> 00:39:52 just got to sit out here and watch price action. And even if you can't watch it
324 00:39:52 --> 00:39:57 live, you pay for it. Like I use Camtasia by TechSmith. I've used them
325 00:39:57 --> 00:40:06 since 2000 i. 12 when I first started making videos. I think it's an easy
326 00:40:06 --> 00:40:10 program to use, and if you want to record price action. I mean, obviously,
327 00:40:10 --> 00:40:13 while I'm live streaming, you can, you can look at what I'm showing you here,
328 00:40:13 --> 00:40:18 but eventually you're going to want to do this on your own and have a log of
329 00:40:18 --> 00:40:25 your own charts. I'm watching the wick here, the midpoint of that I'm watching,
330 00:40:25 --> 00:40:34 if there's any sensitivity around that, the the recording of the key time frames
331 00:40:34 --> 00:40:39 that you want to watch, having that information when you come home from
332 00:40:39 --> 00:40:43 work, or if you can't be awake, like when I'm doing the live streams, but you
333 00:40:43 --> 00:40:47 want to still learn how to do this, there's nothing better than watching the
334 00:40:47 --> 00:40:54 actual candlesticks paint and create the the full range, like every fluctuation
335 00:40:54 --> 00:40:59 of every single price tick you need to see that you cannot. And I mean this
336 00:40:59 --> 00:41:04 wholeheartedly. I know some of you just love that Market Replay. That Market
337 00:41:04 --> 00:41:09 Replay is like a mirror, meaning that when you look in the mirror and you look
338 00:41:09 --> 00:41:13 at yourself, you think you see what everyone else sees. We don't see that.
339 00:41:13 --> 00:41:18 We see the and then when you see a reflection of your reflection in a
340 00:41:18 --> 00:41:21 mirror, that means the actual perspective that everyone around you
341 00:41:21 --> 00:41:24 sees. It's a little shocking. All of a sudden you discover your nose is a
342 00:41:24 --> 00:41:27 little bit crooked. One ear looks a little bit lower or higher than the
343 00:41:27 --> 00:41:31 other. It's like, what is going on here? But that's how everyone's always saw
344 00:41:31 --> 00:41:36 you. But you see yourself in the mirror as you know the reflections. Image Well,
345 00:41:36 --> 00:41:42 Mark replays, the same thing you're looking at price with only two
346 00:41:42 --> 00:41:48 fluctuations. Watch and see. When you look at trading views Market Replay, it
347 00:41:48 --> 00:41:53 shows you one tick and then boom, is settlement, one tick, and boom and
348 00:41:53 --> 00:41:59 settlement. So it's too wooden, it's too stilted. It's, it's, it's not, it's not
349 00:41:59 --> 00:42:07 going to give you the same experience, which is necessary, because if you train
350 00:42:07 --> 00:42:13 yourself to look at these very, very static candlestick formations that are
351 00:42:13 --> 00:42:17 seen by watching it go through Market Replay, it gives you a false sense of
352 00:42:17 --> 00:42:22 security, and you don't have the ability to see when the candles are going up and
353 00:42:22 --> 00:42:26 down, up and down, and every time it creates it looks like it's finished, it
354 00:42:26 --> 00:42:30 ain't going to make a bigger portion of the camera, and then it does so you
355 00:42:30 --> 00:42:35 don't have that effect in Market Replay. So the best thing you can do is record
356 00:42:35 --> 00:42:40 your your charts with live price feed. It's a little bit of an investment. And
357 00:42:40 --> 00:42:42 I know some people are saying, well, I can't afford that. Then you can't trade.
358 00:42:42 --> 00:42:46 You can't trade. I mean, I don't know how else to say it, but that's just the
359 00:42:46 --> 00:42:50 way it is. Then you can't trade. Because if you can't afford to get the resources
360 00:42:50 --> 00:42:53 and tools, you don't hate me or anyone else that tells you that you're not
361 00:42:53 --> 00:42:56 going to be equipped to do it. You know, I would want to be told that, like you
362 00:42:56 --> 00:43:00 just you're going to have to avail yourself certain resources before you do
363 00:43:00 --> 00:43:04 it. If you can't, then why are you trying to risk money? What kind of money
364 00:43:04 --> 00:43:07 are we talking about? Because you can't pay for the resources. What are you
365 00:43:07 --> 00:43:11 scraping by just to get the funded account, challenges paid for, and just
366 00:43:11 --> 00:43:14 hoping on a wing and a prayer that you're going to be profitable? You're
367 00:43:14 --> 00:43:17 already starting the game off wrong, like you're you're building it up to
368 00:43:17 --> 00:43:21 something that's going to have to be an Olympic feat, and then you're wondering
369 00:43:21 --> 00:43:24 why you're struggling, and it's why you're rushing, and you're feeling FOMO,
370 00:43:24 --> 00:43:28 I have to do something because I need this to work. I can't afford to trade.
371 00:43:28 --> 00:43:33 That's really what what you're saying. So if you can't afford to trade, then
372 00:43:33 --> 00:43:37 you can't afford success. That's that's what you're saying. You don't want to
373 00:43:38 --> 00:43:42 either do something to afford the resources and the time invested in
374 00:43:42 --> 00:43:48 learning how to do it correctly, versus someone that is willing to do that.
375 00:43:49 --> 00:43:53 That's what makes this hard, especially as an educator, as a mentor, because
376 00:43:53 --> 00:43:58 students want to hear you're going to be successful and don't take no for an
377 00:43:58 --> 00:44:02 answer. Sometimes it's going to be no for a lot of you, and it's going to be
378 00:44:02 --> 00:44:08 outside my capability to to assist you or yours for the time being. It doesn't
379 00:44:08 --> 00:44:11 mean it's forever, but some people in other countries just don't have the
380 00:44:11 --> 00:44:17 resources to do it, and I don't always have an answer for them, and they're
381 00:44:17 --> 00:44:21 always seeking somebody else that's going to promise them that, and ended up
382 00:44:21 --> 00:44:28 finding that it's not not happening for them. That's unfortunately the realities
383 00:44:28 --> 00:44:29 of this stuff.
384 00:44:37 --> 00:44:41 So anyway, well, saying earlier, as we were breaking down here, and we're
385 00:44:41 --> 00:44:45 working off of this. I wanted to go back to that one minute chart. I wanted to
386 00:44:45 --> 00:44:51 see how we were going to use this candle member that high, that low here, didn't
387 00:44:51 --> 00:44:56 even get down to it. So we weren't even get down to the body that can't or even
388 00:44:56 --> 00:45:00 make them attempt to go below it. We do have cell side building. I. Hmm, believe
389 00:45:01 --> 00:45:10 these relative e colos here, here, large liquidity resting below here. But now
390 00:45:10 --> 00:45:17 imagine if you were trying to sell short, thinking it okay, it's taking the
391 00:45:17 --> 00:45:22 stops. It's taking the stops. Now it's really taking the stops, but that gap
392 00:45:22 --> 00:45:27 it's got to fill. It's got to fill it. I hurt myself a lot doing that. Eventually
393 00:45:27 --> 00:45:33 you learn that this is not something. I am not willing to buy it. This thing can
394 00:45:33 --> 00:45:40 go up to 18,900 today. I don't care. I don't care. I'm not willing to pay that
395 00:45:40 --> 00:45:44 price, because if I pay that price, am I going to be comfortable holding that
396 00:45:44 --> 00:45:48 position? I'm not going to be hold I'm not going to be comfortable holding that
397 00:45:48 --> 00:45:51 position because it goes against the very principle that I trade on. I have
398 00:45:51 --> 00:45:59 to buy discount. This is an expensive premium price in an environment that is
399 00:45:59 --> 00:46:04 being manipulated because we have two big, impactful news drivers, the PPI and
400 00:46:04 --> 00:46:08 the CPI number. And for a new student, hearing that, it sounds like, well,
401 00:46:08 --> 00:46:12 you're, you're just making excuses because you can't, you can't buy I can,
402 00:46:12 --> 00:46:18 I can tell you where it created the setups, and you can see them yourself.
403 00:46:18 --> 00:46:22 I'm not willing to take that trade. And I get a lot of that question, a lot
404 00:46:22 --> 00:46:25 like, how do you filter out the times where you want to be a buyer or seller
405 00:46:25 --> 00:46:28 when prices is doing certain things, like, for instance, it opens, and this
406 00:46:28 --> 00:46:31 keeps inching a little bit higher, inching a little bit higher. I'm not
407 00:46:31 --> 00:46:37 willing to take that, but I'm willing to wait for the ones that work, that yield
408 00:46:37 --> 00:46:40 $100,000 in selling short on the one minute high the day, and trading all the
409 00:46:40 --> 00:46:45 way down to a deep discount. That's the stuff I'm willing to wait for. I'm
410 00:46:45 --> 00:46:51 waiting for very surgical, precise things to align, and if they're not
411 00:46:51 --> 00:46:55 there, I'm not here to try to do something for the sake of impressing
412 00:46:55 --> 00:47:01 every live stream like that. That's not I'm teaching my son. That's this is not
413 00:47:01 --> 00:47:04 a I'm going to show you how smart I am that that's not that is the trade
414 00:47:04 --> 00:47:08 executions videos. That's what they wrote, that they're for, that that's
415 00:47:08 --> 00:47:12 what that's for. But more in here watching price action. And I'm teaching,
416 00:47:12 --> 00:47:17 I'm trying to teach you how to manage yourself, manage your expectations, and
417 00:47:17 --> 00:47:20 in fear of missing moves, there's nothing to fear. There's literally
418 00:47:20 --> 00:47:24 nothing to fear. There's no regret about missing any kind of move if it doesn't
419 00:47:24 --> 00:47:28 make sense and if it's too expensive, why buy it? If it doesn't make sense and
420 00:47:28 --> 00:47:33 it's too cheap, Why sell short. It's very simple logic. It's not complicated,
421 00:47:33 --> 00:47:40 but that's what I live by. I live by that principle. And anyone else out
422 00:47:40 --> 00:47:44 there could be taking trades. And I'm sure I have students in here. I have
423 00:47:44 --> 00:47:48 people probably on the other end of of what I teach, that's outside of what I
424 00:47:48 --> 00:47:53 teach, basically. And they may be doing something else, but you didn't see them
425 00:47:53 --> 00:47:57 take $100,000 last Friday, and you ain't go see them repeat as much as they want
426 00:47:57 --> 00:48:01 to say. So in the comment section I was on Twitter, not one of them said,
427 00:48:01 --> 00:48:07 here's, here's where I'm going to do it. It didn't, didn't happen. Hush on
428 00:48:07 --> 00:48:15 Twitter. Patrick Whelan was the only one talking. You wanted that engagement. How
429 00:48:15 --> 00:48:18 you doing? Pat who hope Hawaii's lovely today. You
430 00:48:35 --> 00:48:41 Is there a time at which I would say I'm not interested in not taking any trades,
431 00:48:43 --> 00:48:47 given the current like the way it is, right here, we had a large gap opening,
432 00:48:47 --> 00:48:52 and it says digging into that weekly inversion, fair value gap at 11 o'clock,
433 00:48:52 --> 00:48:55 1115 I would usually pull the plug if I don't see something that makes sense,
434 00:48:55 --> 00:49:02 where it starts to break down, because I'm my interest is this. I only need it
435 00:49:05 --> 00:49:09 to get into this area here. I don't even need it to get down to the mid gap. Like
436 00:49:09 --> 00:49:12 I don't need that because I'm certain that if we can get below this low here,
437 00:49:13 --> 00:49:16 it will give me a fair value gap. It'll give me a bearish over block. It'll give
438 00:49:16 --> 00:49:21 me a small bearish breaker. It'll give me a institutional overflow entry drill.
439 00:49:21 --> 00:49:25 It's something that I can key off of either on a one minute chart or a 15
440 00:49:25 --> 00:49:31 second chart. And that difference between this candle is low to three
441 00:49:31 --> 00:49:36 quarters or half of the distance between the upper quadrant and lower quadrant of
442 00:49:36 --> 00:49:41 the opening range gap. That's what I'm sitting comfortably waiting for. And if
443 00:49:41 --> 00:49:45 it teaches, if it keeps going higher away from me, fine, I don't care. I'm
444 00:49:45 --> 00:49:51 not losing any money. I don't have any anxiety. I have zero anxiety. My pulse
445 00:49:51 --> 00:49:57 is literally probably 60 beats or lower. I have no no sense of urgency at all,
446 00:49:58 --> 00:50:04 none i. And your trading needs to be like that. If you're watching price, or
447 00:50:04 --> 00:50:10 if you're trading and you're hearing yourself or you're feeling yourself a
448 00:50:10 --> 00:50:15 lot of sympathetic sigh, you're doing all that. What you're doing it that's
449 00:50:15 --> 00:50:22 your body's involuntary response to stress, and when you want to bring
450 00:50:22 --> 00:50:26 yourself down real quick, if you're feeling stressed, find a way to find
451 00:50:26 --> 00:50:35 your self into a yawn. And if you're not physically doing a yawn, pantomime one
452 00:50:35 --> 00:50:41 as best you can stretch, and you stretch, stretch your arms out and do a
453 00:50:41 --> 00:50:48 yawn. What that does? It immediately resets your nervous system. Perfect
454 00:50:48 --> 00:50:52 exam. I see all the time with my dogs. If you have a dog, watch them. Now, let
455 00:50:52 --> 00:50:56 me keep Let me teach you something here, I'd like to see it break down in here.
456 00:50:56 --> 00:51:03 Now, this turn, I'm going to see it make an attempt to get through that, and then
457 00:51:03 --> 00:51:06 if it does, we'll watch and see if we can get into here. Because this is the,
458 00:51:06 --> 00:51:09 this is the area where I'm hunting. I don't care about being all the way up in
459 00:51:09 --> 00:51:15 here. It's not necessary. But if you have a dog, and the dog goes to its bed,
460 00:51:15 --> 00:51:20 or wherever it wants to rest, watch what it'll do. It'll lay down, and then it
461 00:51:20 --> 00:51:29 will always do this. Every single time the dog will do this, it'll go and it's
462 00:51:29 --> 00:51:33 three, four seconds, it's asleep. Immediately. What's it doing? It's
463 00:51:33 --> 00:51:36 resetting its nervous system. It doesn't know it wants to do it. It's just been
464 00:51:36 --> 00:51:43 created by God to do that. It's designed to do that. Well, when we're tired, what
465 00:51:43 --> 00:51:47 are we doing? We're forcing ourselves to stay awake, and then what is our body
466 00:51:47 --> 00:51:56 doing? As a response to that, you yawn, just that I already feel even more
467 00:51:56 --> 00:52:00 relaxed. If you don't believe me, try it. If you're having anxiety, if you
468 00:52:00 --> 00:52:04 feel like you're missing something, you're having FOMO stretch yourself.
469 00:52:04 --> 00:52:09 Think about how good it feels to yawn. It's very relaxing. It's satisfying. But
470 00:52:09 --> 00:52:13 what's actually happening is is your vagus nerve is being stimulated, which
471 00:52:13 --> 00:52:16 is a nerve that runs down from your brain behind your ear, down inside your
472 00:52:16 --> 00:52:20 neck, and it lays literally like a web across all of your major organs. So when
473 00:52:20 --> 00:52:23 you're stressed, it affects all your major organs, and that's why you feel
474 00:52:23 --> 00:52:27 terrible when you're in anxiety attack or panic, and then you start feeling the
475 00:52:27 --> 00:52:30 body symptoms that cortisol, which is the chemical that's released after
476 00:52:30 --> 00:52:34 adrenaline, is in your bloodstream, and the whole time, if you don't have coping
477 00:52:34 --> 00:52:39 mechanisms to counteract that, you're not going to trade with a clear mind.
478 00:52:39 --> 00:52:42 You're not going to be able to manage your emotions. You're not gonna be able
479 00:52:42 --> 00:52:45 to manage your the physiological stress that you're placing yourself, and if you
480 00:52:45 --> 00:52:49 continuously stay in that, you will eventually have heart attacks. You'll
481 00:52:49 --> 00:52:52 have you'll have strokes, you'll have things that are gonna make you
482 00:52:52 --> 00:53:03 physically ill. So you have to relax, take a deep breath, and then when you
483 00:53:03 --> 00:53:07 think your lungs are completely full, try to suck in a little Bit more air. So
484 00:53:07 --> 00:53:08 it's like,
485 00:53:22 --> 00:53:27 that's the enthes at least twice the amount of time that you breathe in.
486 00:53:27 --> 00:53:30 Slowly, your exhale has to be twice as long, and it's hard to do it in the
487 00:53:30 --> 00:53:34 beginning. If you're having a panic attack, it's really hard to do, but that
488 00:53:34 --> 00:53:38 will immediately reset your nervous system and cancel out your anxiety
489 00:53:38 --> 00:53:47 attack. When I was having bouts with high blood pressure, that was a
490 00:53:47 --> 00:53:52 physiological response to having a vertigo attack. I only had one attack of
491 00:53:52 --> 00:53:57 it, but I was thinking, Am I stroking out because my dad's had strokes, and
492 00:53:57 --> 00:54:02 his father died of a stroke. Heart disease in my family, and diabetes is in
493 00:54:02 --> 00:54:06 my family. My blood sugar's fine. My blood work is perfect. My heart rate is
494 00:54:06 --> 00:54:11 like an athlete. My blood pressure. When I was contemplating I was going through
495 00:54:11 --> 00:54:15 something that was leading to that, my blood pressure was skyrocketing high
496 00:54:15 --> 00:54:21 like dangerous levels. But then I remembered that okay, if I go to the
497 00:54:21 --> 00:54:24 emergency room and they do all the checks and balances on me, and
498 00:54:24 --> 00:54:31 everything is as it should be, CAT scans, EKGs, like everything, it did all
499 00:54:31 --> 00:54:36 the work. And literally, the nurse says, I've never seen anybody with blood work,
500 00:54:36 --> 00:54:42 that's perfect. And you're 52 I said, I will be 52 but that was, that's what I
501 00:54:42 --> 00:54:46 needed to hear. And I didn't know what I was having was a vertical attack, and I
502 00:54:47 --> 00:54:51 expected that to happen again, is what that was. So I was living in anxiety,
503 00:54:51 --> 00:54:56 expecting that next vertigo attack. That never came, but I've learned how to now
504 00:54:56 --> 00:55:00 manage it. Should I have another episode of it? My mom had one of them when. He
505 00:55:00 --> 00:55:03 was younger and never had another one. But it happened after me doing my
506 00:55:03 --> 00:55:08 inversion table. I did multiple sessions of going inverted, and I think I
507 00:55:08 --> 00:55:11 probably released one of those calcium deposits from your inner ear to
508 00:55:11 --> 00:55:16 everybody has, and that's what caused it. So I haven't inverted myself since
509 00:55:16 --> 00:55:21 then, and you know, hopefully, because I won't plan on doing it anytime in the
510 00:55:21 --> 00:55:30 future. I'm watching the breaker here, the high, the low and the high, the the
511 00:55:30 --> 00:55:36 anxiety of wondering, Am I? Am I feeling the effects of being older? And it's my
512 00:55:36 --> 00:55:40 body really, because I wore, I wore my body down a lot with stress as a younger
513 00:55:40 --> 00:55:44 man, and that stuff has a residual effect that comes and pays dividends
514 00:55:44 --> 00:55:48 later on. So I'm teaching this to you now because you may not be thinking that
515 00:55:48 --> 00:55:55 it's, it's something you need to worry about, that you do. And by being able to
516 00:55:55 --> 00:56:00 reset instantly, God's given us the ability to immediately reset our nervous
517 00:56:00 --> 00:56:05 system. And once I started applying all that again, my blood pressure would be
518 00:56:05 --> 00:56:17 170 680 over 120 and then five minute breathing of slow inhales, when you feel
519 00:56:17 --> 00:56:22 like your inhales at its fullest capacity, that try to suck in a little
520 00:56:22 --> 00:56:28 bit more in and hold it four seconds and then release it at least. It has to be
521 00:56:28 --> 00:56:32 at least twice as long as it took you to inhale and it's it's not easy to do. It
522 00:56:32 --> 00:56:36 feels like you ain't breathing enough, but you really are all right. We're
523 00:56:36 --> 00:56:37 digging down into that low now you
524 00:56:43 --> 00:56:47 and if you take your time when your exhales, if your exhales are slower than
525 00:56:47 --> 00:56:54 your inhales, you're active. You're activating the side of your nervous
526 00:56:54 --> 00:57:00 system that allows you to relax. It's real easy for a human being to activate
527 00:57:00 --> 00:57:05 its fight or flight. Stress. Someone comes up, you think they're going to
528 00:57:05 --> 00:57:08 punch you, or if you get hit, if you have an accident, something scary
529 00:57:08 --> 00:57:12 happens to you. Immediately, your pulse goes up, you get an adrenaline
530 00:57:12 --> 00:57:17 injection. And the Creator gave us that ability to be able to fight or flight,
531 00:57:17 --> 00:57:25 run away or fight your your your senses are heightened because of the
532 00:57:25 --> 00:57:28 adrenaline. You're ready to use more strength and reserves in your muscles
533 00:57:29 --> 00:57:34 than you usually call for so it's so easy to get in that state. And if you
534 00:57:34 --> 00:57:37 live in that state as a trader that is constantly just trying to chase
535 00:57:37 --> 00:57:40 something because you don't put the work in trying to make a model try to
536 00:57:41 --> 00:57:45 discipline yourself, you will condition yourself to always go into that fight or
537 00:57:45 --> 00:57:51 flight, feeling that sensation of, I am in I'm in an emergency when you're not,
538 00:57:51 --> 00:57:54 you're tricking yourself, telling yourself you're always in an emergency.
539 00:57:54 --> 00:57:58 And you wonder why you're always stressed out. But that goes away
540 00:57:58 --> 00:58:04 instantaneously once you understand how to control your breath, and your breath
541 00:58:04 --> 00:58:10 controls your pulse, and your pulse controls adrenaline and then cortisol,
542 00:58:11 --> 00:58:14 if cortisol releases in your body, you got about 20 to 30 minutes before that
543 00:58:14 --> 00:58:18 stuff burns off. You'll have fidgetiness, you'll have nervousness and
544 00:58:18 --> 00:58:22 shakes, maybe you'll feel like you're sick to your stomach and you just don't
545 00:58:22 --> 00:58:25 know what to do, and you feel like you're going to pass out. All these
546 00:58:25 --> 00:58:29 symptoms are a response to cortisol being in your body. But anxiousness
547 00:58:29 --> 00:58:34 starts with the adrenaline, and the way you avoid having that ever occur in your
548 00:58:34 --> 00:58:37 trading is having a model knowing what to what are you looking for? What are
549 00:58:37 --> 00:58:40 you waiting for? If you don't know what you're waiting for, you're waiting for a
550 00:58:40 --> 00:58:43 jump scare. Remember the big trend that used to be on YouTube, all these jump
551 00:58:43 --> 00:58:48 scare videos. My kids love them. And I thought I said, you know, you love it
552 00:58:48 --> 00:58:52 right now, but when you get into the real world and you're expecting the the
553 00:58:52 --> 00:58:58 things that happen in this world to be smooth, and you have flat tires, a
554 00:58:58 --> 00:59:01 breakup in a relationship, a health scare, you know, you won't appreciate
555 00:59:01 --> 00:59:05 those things. Man, it's a carnival ride right now. But in trading, you don't
556 00:59:05 --> 00:59:10 want a carnival ride. You want it to be boring, absolutely boring. I'm watching
557 00:59:10 --> 00:59:17 the 15 second fair value got here. I'd like to see it stay heavy and all that.
558 00:59:17 --> 00:59:18 I
559 00:59:23 --> 00:59:29 but you have the ability to reset your nervous system, and it cancels out any
560 00:59:29 --> 00:59:34 anxiety, because you have to first stop the pumping of the adrenaline, and you
561 00:59:34 --> 00:59:38 have to stop the cortisol releasing in your bloodstream. Cortisol is your
562 00:59:38 --> 00:59:43 stress hormone. You keep pumping that into your body every single trading day,
563 00:59:43 --> 00:59:45 you're going to have heart disease. You're going to have hardening of the
564 00:59:45 --> 00:59:49 arteries, because when Cortisol is released into your bloodstream, the way
565 00:59:49 --> 00:59:53 your body repairs it is it lays down cholesterol inside your arteries and
566 00:59:53 --> 00:59:57 your blood vessels. And to keep doing that, and on top of that, you eat
567 00:59:57 --> 01:00:03 unhealthy Chipotle you. All this fast food garbage you don't eat clean, you
568 01:00:03 --> 01:00:08 are going to have health deteriorate, and you want to be able to sit here
569 01:00:08 --> 01:00:13 comfortably and calmly, not worrying about what what you should be doing,
570 01:00:13 --> 01:00:17 because you should, you should already know what you're doing, waiting for a
571 01:00:17 --> 01:00:21 setup that's based on logic that you've worked on and framed without any
572 01:00:21 --> 01:00:26 necessity about being right. Being right is not what my goal is. I'm not teaching
573 01:00:26 --> 01:00:31 you to be right. I said I saw somebody on Twitter give this real long,
574 01:00:31 --> 01:00:35 bloviated explanation or expose about what they think about I'm teaching, or
575 01:00:35 --> 01:00:40 how I trade, or how I try to cultivate the mindsets of my students. I'm not
576 01:00:40 --> 01:00:44 teaching you to be right. In fact, I've said the opposite. It's not important
577 01:00:44 --> 01:00:48 about being right. It's important to be in control of yourself, and it's
578 01:00:48 --> 01:00:53 important to know what your model is. Know it in a written form, know what it
579 01:00:53 --> 01:00:57 looks like graphically, like a diagram. What does it look like in price action?
580 01:00:57 --> 01:01:00 Draw it out. If you can't draw it out, then you don't know what it is. You
581 01:01:00 --> 01:01:04 can't recognize it, and it may not look exactly. Look exactly like it would in
582 01:01:04 --> 01:01:07 price action, but to someone that trades, we would understand exactly what
583 01:01:07 --> 01:01:11 that is. But someone that's not a trader wouldn't understand what you're drawing
584 01:01:11 --> 01:01:15 but controlling your breath and controlling your thoughts, if you're
585 01:01:15 --> 01:01:18 constantly telling yourself I'm going to miss a move, Oh man, I'm losing all the
586 01:01:18 --> 01:01:20 time. This isn't worth it. Why am I putting myself through this? You're
587 01:01:20 --> 01:01:24 basically telling yourself you're in an emergency. An emergency, and why are you
588 01:01:24 --> 01:01:27 surprised when you have adrenaline dumping you, and then you have cortisol
589 01:01:27 --> 01:01:30 release in you, and then you start feeling physical symptoms of a full
590 01:01:30 --> 01:01:37 blown panic attack? Trust me, if you never had a tang attack, it's a very
591 01:01:37 --> 01:01:41 scary feeling. But as soon as you know that it's just that, and it's not
592 01:01:41 --> 01:01:46 something like a medical emergency. You can immediately turn it off, and you
593 01:01:46 --> 01:01:54 have these these. The easiest way to stop it is slow your breath. Your
594 01:01:54 --> 01:01:58 exhales have to be at least twice the length and time that your inhales are.
595 01:01:58 --> 01:02:05 Slow it down. You can do things like box breathing, the best thing I do for me,
596 01:02:05 --> 01:02:10 and box breathing doesn't work for everybody, but I usually do a four to
597 01:02:10 --> 01:02:13 five seconds slow inhale, and then when I feel like I have my lungs at full
598 01:02:13 --> 01:02:18 capacity, I do that one more little sniff to get the last piece of empty
599 01:02:18 --> 01:02:21 space in my lungs, and I hold it for four seconds. And you first do it three
600 01:02:21 --> 01:02:26 times, you're there you go. That's what I'm looking for right there. Now we can
601 01:02:26 --> 01:02:30 watch below this low change that to
602 01:02:38 --> 01:02:43 we can see it over here on the two different time frames. So this line
603 01:02:43 --> 01:02:48 here, this blue line, is this line here on the 15 second chart over here, and
604 01:02:48 --> 01:02:52 this is the upper quadrant of the opening range gap. That's this over here
605 01:02:52 --> 01:02:56 on the one minute chart. You see that Isn't this good. This is good
606 01:02:56 --> 01:02:59 information. And there's no books out here with this stuff. They're not going
607 01:02:59 --> 01:03:02 to tie it together with trading and how to manage yourself. That's why I say
608 01:03:02 --> 01:03:06 that there's no, there's no good trade psychology book out there. As much as
609 01:03:06 --> 01:03:09 everybody loves Mark Douglas's book, it's good for what it is, but it
610 01:03:09 --> 01:03:13 doesn't. It doesn't it doesn't do it for you. Really, not, really not. It didn't
611 01:03:13 --> 01:03:16 do it for me. I say it that way. I think it's more, more fair statement for me to
612 01:03:16 --> 01:03:23 say it that way. And then we'll do we'll annotate the mid gap here.
613 01:03:34 --> 01:03:38 But stress and anxiety, you can turn that off immediately. Boom, just like
614 01:03:38 --> 01:03:42 that. It starts by controlling your breath and your thoughts. While you're
615 01:03:42 --> 01:03:45 slowing your breath down, you're thinking positive. You're reminding
616 01:03:45 --> 01:03:49 yourself that there is no there's no emergency, nothing's forcing you to take
617 01:03:49 --> 01:03:52 a trade today. You don't have to take a trade today. You don't have to do that.
618 01:03:53 --> 01:03:56 You don't have to trade every fluctuation. You don't have to do that.
619 01:03:56 --> 01:04:01 But you're telling yourself you do when you don't. So I would very like to see
620 01:04:03 --> 01:04:09 if it can touch that six oh 4.75 level, or get it. Not that it doesn't have to
621 01:04:09 --> 01:04:14 touch it, but if you notice that same six oh 4.75 level has a little gap in
622 01:04:14 --> 01:04:18 there on the 15 second chart. I'd like to see it bump this candle sticks high
623 01:04:18 --> 01:04:23 right here on the on that one, just to hit that and then see if we can roll
624 01:04:23 --> 01:04:30 over from that like we need to study the the effects of doing things that you
625 01:04:30 --> 01:04:35 don't fully understand how to do is a scary thing, and then we add to it that
626 01:04:35 --> 01:04:40 the embarrassment of not being right or losing money if you're wrong, the the
627 01:04:40 --> 01:04:44 peer pressure of other people saying you're not good enough, you're not the
628 01:04:44 --> 01:04:48 right sex to be trading. Only guys can do it good. You know, all these things
629 01:04:48 --> 01:04:53 can compound in your mind, and it can create and foster this self defeated
630 01:04:53 --> 01:04:57 mindset. And it's real easy to talk yourself out of a good thing and into a
631 01:04:57 --> 01:05:01 scary situation that really isn't scary, but you've. Convince yourself that it is
632 01:05:02 --> 01:05:08 and that headiness of fear and anxiety comes over top of you, and nobody as
633 01:05:08 --> 01:05:13 good as I am, I can't function if I lose my train of thought, if I get stressed
634 01:05:13 --> 01:05:23 out. Perfect example, 911 I was stuck in a huge position in the s, p, and I was
635 01:05:23 --> 01:05:31 teaching an individual how to trade through Internet Relay Chat. His name
636 01:05:31 --> 01:05:37 was George Lux, and he's a photographer. He lived in Virginia. I don't know if he
637 01:05:37 --> 01:05:41 still lives there now, but that's an inversion. I'm sorry, not inverse. I'd
638 01:05:41 --> 01:05:44 say institutional info entry trail right there on the one minute chart.
639 01:05:50 --> 01:05:59 I came back from taking my son Cody, to school, and when I came in, the TV had
640 01:05:59 --> 01:06:03 the airplane. First airplane had hit it. I thought it was a movie, and I wasn't
641 01:06:03 --> 01:06:07 upset by that, because I thought I was just watching commercial. And then when
642 01:06:07 --> 01:06:13 I watched the second plane hit, that was, that was my first real panic
643 01:06:13 --> 01:06:18 attack. I was like, Where are my kids? Where's my wife? Like, I wanted
644 01:06:18 --> 01:06:23 everybody home immediately, and I couldn't get out of they didn't open the
645 01:06:23 --> 01:06:28 market up that day. And I was stressed about that, and it was just a terrible
646 01:06:28 --> 01:06:39 feeling. I've had smaller incidents, or I bet a lot of money, and it didn't
647 01:06:39 --> 01:06:43 perform it like I wanted it to, or it moved like I would try to trade ahead of
648 01:06:43 --> 01:06:46 the CPI numbers and the PPI numbers and fomcs and the Non Farm Payroll. And I
649 01:06:46 --> 01:06:50 would do very large bets, not fearful of it at all. But then as soon as it would
650 01:06:50 --> 01:06:55 be repriced against me, I would that's that's gone, if the money's gone, and
651 01:06:55 --> 01:07:00 I'm dealing with that anxiety, that panic, and I would sit there and try to
652 01:07:00 --> 01:07:06 wrestle through it. And instead of saying, Okay, it's happened, I'm not
653 01:07:06 --> 01:07:13 dead, it's just money, and I did it wrong. So there is no emergency. It's
654 01:07:13 --> 01:07:17 just like anything else, you go to a doctor, you get a shot, not that shot
655 01:07:17 --> 01:07:21 that everybody's probably regretting now, but the point is, you get an
656 01:07:21 --> 01:07:27 injection of something, some kind of, you know, medicine you need. It only
657 01:07:27 --> 01:07:33 hurts for a second. But my wife, she has terrible anxiety around IVs and whatnot,
658 01:07:33 --> 01:07:42 and I have no anxiety over that stuff, the level of fear and FOMO that you're
659 01:07:42 --> 01:07:47 going to feel is going to be directly related to the expectations that you
660 01:07:47 --> 01:07:54 hold over yourself if you want extremely high output and results. And you're not
661 01:07:54 --> 01:07:59 equipped with a model. You're not equipped to have a well rounded model
662 01:07:59 --> 01:08:03 that you can anticipate seeing and forming. And you know when it usually
663 01:08:03 --> 01:08:07 forms. What time of day does it form? How does it behave in price action? If
664 01:08:07 --> 01:08:11 you don't have those things, your anxiety is going to be through the roof.
665 01:08:12 --> 01:08:15 And if you're good at hiding it, and you're on social media, you know that's
666 01:08:15 --> 01:08:19 terrible too, because you're lying to yourself. The people online, they not
667 01:08:19 --> 01:08:26 feel what you're feeling, but you're feeling so institutional overflow entry
668 01:08:26 --> 01:08:32 here on the one minute chart. Watch this little section right in here. It's all
669 01:08:32 --> 01:08:37 part of this move here. I'd like to see the second lower half of that keep price
670 01:08:37 --> 01:08:42 at bay, see if it stays heavy, and then we can see if it runs down into the mid
671 01:08:42 --> 01:08:42 gap. But if
672 01:08:49 --> 01:08:55 you want me to do a video, I can do a very short video on how to manage
673 01:08:55 --> 01:09:02 anxiety and stress while in trades or in trading. It's very, very useful
674 01:09:02 --> 01:09:08 information. I just don't, I don't have another person out there I can point to
675 01:09:08 --> 01:09:13 and say, go watch this guy or gal. It's a collection of things I learned things
676 01:09:13 --> 01:09:20 from a woman named Lucinda Bassett, attacking anxiety. I bought her her
677 01:09:20 --> 01:09:24 whole course, it was kind of expensive back in the day, but you didn't read her
678 01:09:24 --> 01:09:27 book. You can go to library actually and get it now. You have to pay for it. But
679 01:09:27 --> 01:09:33 the the information and the coping skills learn I learned in that book
680 01:09:33 --> 01:09:39 helped me know that there was a way out of living with it. But when you start
681 01:09:39 --> 01:09:44 putting yourself in high stressful conditions, like trading like it is,
682 01:09:44 --> 01:09:48 like it's bound to happen, and you may not even realize that it's anxiety. You
683 01:09:48 --> 01:09:54 just feel overwhelmed and it's terrifying the first few times that it
684 01:09:54 --> 01:09:58 happens, the very first time, you feel like you're dying, and then the second
685 01:09:58 --> 01:10:01 time, feels like this is going to be worse. And the other time it happened,
686 01:10:01 --> 01:10:06 and that feeds that whole experience. It makes it worse. It's a terrible thing to
687 01:10:06 --> 01:10:10 live with it. I lived with it for a long time, and it developed into agoraphobia.
688 01:10:10 --> 01:10:17 I was afraid to have any stimuli around me. It made me close up in it. It caused
689 01:10:17 --> 01:10:23 my relationship as a as a father and a husband. It was. It was horrible, very,
690 01:10:23 --> 01:10:28 very horrible watching that 15 second chart. Here. We got institutional,
691 01:10:28 --> 01:10:31 artful entry drill here. And mid gap is down here. Then again, that's this
692 01:10:31 --> 01:10:39 level. It's half of the gap. But set up this move from Friday's settlement price
693 01:10:39 --> 01:10:44 in the opening up here. See how we're using that upper quadrant level there.
694 01:10:46 --> 01:10:52 So if everybody got here, closed in half, the gap worked it here went lower.
695 01:10:54 --> 01:10:59 You hear any kind of anxiety in me describing it, any sense of dependency,
696 01:10:59 --> 01:11:05 like I have to be right. No single stuff all the time, every single day, and when
697 01:11:05 --> 01:11:09 you realize that these things can repeat, you know how to wait for the
698 01:11:09 --> 01:11:15 setups to form. And you control yourself. You don't try to predict the
699 01:11:15 --> 01:11:19 euphoric moment of when it gets to your target. You just let it do what it's
700 01:11:19 --> 01:11:23 going to do, because until the trade closes in in your favor. You're not
701 01:11:23 --> 01:11:27 You're not profitable. You're not technically, quote, unquote, right? So
702 01:11:27 --> 01:11:31 trying to live in that moment where you're watching a level that you're
703 01:11:31 --> 01:11:38 hoping it gets, to try not to live in that moment ahead of its delivery.
704 01:11:38 --> 01:11:41 Because what you're trying to do is, is you're trying to escape the
705 01:11:41 --> 01:11:44 uncomfortable uncertainty of, is it really going to go where I want it to
706 01:11:44 --> 01:11:49 go? You have to be indifferent to it. You got to just relax and let it go
707 01:11:49 --> 01:11:53 where it's going to go. That way, if it's going to give you indications that
708 01:11:53 --> 01:11:57 it's not going to go, you're going to be more receptive to it. You'll be able to
709 01:11:57 --> 01:12:04 see that versus hoping and praying and panic and just, it's a it's torment. Is
710 01:12:04 --> 01:12:08 what it is when you're in a winning trade and you don't have a model that's
711 01:12:08 --> 01:12:13 torment. And if you've ever had a time where you made money, either trading
712 01:12:13 --> 01:12:19 real money or a demo account and or a funded account, challenge or funded
713 01:12:19 --> 01:12:24 account, any any, any degree of where your outcome is being measured for the
714 01:12:24 --> 01:12:30 basis of being right or wrong, with monetary reward or clout associated to
715 01:12:30 --> 01:12:36 it. You have the vested interest in being right at the end of it, and your
716 01:12:36 --> 01:12:42 target, your your take profit, is that report card. It's the measurement of you
717 01:12:42 --> 01:12:50 being correct, and if you hold your trades to that measurement every single
718 01:12:50 --> 01:12:54 time while you're in them, versus is the market doing everything that would allow
719 01:12:54 --> 01:13:00 me to trust this continuing? That's what you're constantly feeding yourself. Is
720 01:13:00 --> 01:13:06 it doing everything that is indicating that it would still be okay, despite it
721 01:13:06 --> 01:13:10 not going as quickly as I would like to see it go to because that's a part of
722 01:13:10 --> 01:13:16 development that's very, very hard to articulate as a as a teacher, is letting
723 01:13:16 --> 01:13:22 the trade pan out and not wrestling with it, not trying to force. I gotta just
724 01:13:22 --> 01:13:26 get I wish it would just let me get my target, because I can get away from
725 01:13:26 --> 01:13:30 this. I'm worn out because you don't have to manage yourself. You're
726 01:13:30 --> 01:13:36 discovering that you aren't equipped to be trading with the outcome being so
727 01:13:36 --> 01:13:40 impactful, it takes money from you if you're wrong. But you don't know what it
728 01:13:40 --> 01:13:45 feels like to be on a trade where you're actually winning, because you don't know
729 01:13:45 --> 01:13:48 why the trade's winning. And you're afraid to get it out of it. And you're
730 01:13:48 --> 01:13:54 afraid that if you get out at your take profit, what if it goes more or what if
731 01:13:54 --> 01:13:58 it goes against me right now, and I could close it when I'm up $3,000 or
732 01:13:58 --> 01:14:02 whatever the amount would be. So when you have these things going through your
733 01:14:02 --> 01:14:06 mind, they're all distractions. That's exactly what a neophyte is experiencing.
734 01:14:06 --> 01:14:10 A neophyte is always worried about the things that they shouldn't be worried
735 01:14:10 --> 01:14:15 about, instead of focusing on the things that they should be, which is watching
736 01:14:15 --> 01:14:20 price. Is it behaving? Is it supporting an underlying narrative that puts you in
737 01:14:20 --> 01:14:23 the trade? Now, if you start at square one, where you don't have a model, you
738 01:14:23 --> 01:14:26 just impulsively chase the price, then you shouldn't be surprised that you have
739 01:14:26 --> 01:14:29 anxiety. You shouldn't be surprised if you're uncomfortable being in the trade
740 01:14:29 --> 01:14:31 because you don't know what you're looking for. You don't know what you're
741 01:14:31 --> 01:14:34 waiting for. You're not looking for anything that you've measured in the
742 01:14:34 --> 01:14:40 past. So why should you have any surprise about why you're feeling
743 01:14:40 --> 01:14:44 uncertainty that's now turned into an adrenaline release, and then now
744 01:14:44 --> 01:14:50 cortisol released, and you're in full blown panic, which paralyzes you. You
745 01:14:50 --> 01:14:55 ever have that? It's called the gambler's numbness, you've lost a lot of
746 01:14:55 --> 01:14:59 money, you're at the verge of blowing your account. You're blowing your fund
747 01:14:59 --> 01:15:06 to. Account, yeah, or you just did, and if you had more money in the account,
748 01:15:06 --> 01:15:13 you'd still trade again and not feel anything. That's a terrible experience
749 01:15:13 --> 01:15:19 to begin, because you completely unplugged. The rational thinking part of
750 01:15:19 --> 01:15:23 you is just like you're it's almost like being catatonic. You just, you're just
751 01:15:23 --> 01:15:27 pushing the button. You don't care where the outcome is. You just feel like you
752 01:15:27 --> 01:15:31 have to push the button. That's insanity. As a trader, I've experienced
753 01:15:31 --> 01:15:35 that a lot as a 20 year old, I was in shell shock when I lost lots of money
754 01:15:35 --> 01:15:40 that I didn't have. I didn't have that kind of money. I had to work very hard
755 01:15:40 --> 01:15:43 to get these things scraped up, to put into those accounts, and when I blew
756 01:15:43 --> 01:15:53 them, it was, it was bad. It was really bad. And I didn't have the skills I have
757 01:15:53 --> 01:16:00 now. I don't, I don't have the ability to to wrestle into subjection, the the
758 01:16:00 --> 01:16:04 intrusive thoughts, the what if thinking, what if it does this? And what
759 01:16:04 --> 01:16:10 if it does that? If you don't have your model defined, and you don't know what
760 01:16:10 --> 01:16:15 makes that trade setup viable, why should it form where you expect it to go
761 01:16:15 --> 01:16:19 in take a trade? Why should it even be doing any of that stuff, if you don't
762 01:16:19 --> 01:16:25 have experience collecting that information, that data, by watching old
763 01:16:25 --> 01:16:30 price moves that have already completed, getting a large collection of that
764 01:16:30 --> 01:16:35 Caleb, and that's what we're doing when we do these end of the day observations.
765 01:16:35 --> 01:16:40 I'm annotating the chart with what I see and what I've watched with real time
766 01:16:40 --> 01:16:44 price action. These are things that I was measuring and looking at as price
767 01:16:44 --> 01:16:50 was delivering, because that's how I read price. I want you as my son to
768 01:16:50 --> 01:16:55 learn how to do it that way. Now you're going to have your own little things in
769 01:16:55 --> 01:16:58 all the things that I'm annotating, and your eyes going to jump to something
770 01:16:58 --> 01:17:03 that says that's the setup that I feel I can see it easy, like I can see it
771 01:17:03 --> 01:17:08 forming. I can see it developing all the time, and it has these same
772 01:17:08 --> 01:17:13 characteristics that repeat over and over again. When you have that, that's
773 01:17:13 --> 01:17:18 an epiphany, that's an aha moment, that's a I see something I've never saw
774 01:17:18 --> 01:17:22 there before, and it's exciting. And whatever that is, for any of you
775 01:17:22 --> 01:17:26 listening, that's where you first start. You start there. We're inside that
776 01:17:26 --> 01:17:31 little inefficiency here. I like to see invert inversion. I like to see it
777 01:17:31 --> 01:17:35 create a institutional order for entry to which is a partial fill that and then
778 01:17:35 --> 01:17:44 dump down into the mid gap the It's very liberating when you have number one,
779 01:17:44 --> 01:17:48 control over yourself, and that is going to be acquired by you having a model
780 01:17:48 --> 01:17:53 that you've seen in old moves that repeats over and over and over again.
781 01:17:54 --> 01:17:58 Now it may not form every single day for you. You may not be able to find it
782 01:17:58 --> 01:18:07 every single day, but if it happens three times, four times a week, that's a
783 01:18:07 --> 01:18:10 wonderful model. But if you work in these lower time frames, which is kind
784 01:18:10 --> 01:18:15 of like what I'm forcing Caleb's perspective today with, is that there's
785 01:18:15 --> 01:18:20 lots of opportunities, and you need not chase price. You need not chase the
786 01:18:20 --> 01:18:25 expensive, premium pricing that they are throwing to the public. They're
787 01:18:25 --> 01:18:29 literally just throwing slop out there into the open mouths of just retail
788 01:18:29 --> 01:18:33 traders that just simply say, you know, it's probably going to keep going up,
789 01:18:33 --> 01:18:36 bro, like, I gotta buy it. I'm not trying to do that. I don't want to do
790 01:18:36 --> 01:18:41 that. It doesn't make any sense for me to pay extra money for something I can
791 01:18:41 --> 01:18:42 often get cheaper.
792 01:18:44 --> 01:18:47 And I only have that understanding is because I've been doing this for a very
793 01:18:47 --> 01:18:53 long time. I've collected lots of charts, I've annotated charts, and I did
794 01:18:53 --> 01:18:56 lots of back testing. I did lots of forward, walk testing and tape reading
795 01:18:56 --> 01:19:01 without pushing any buttons. And then I did demoing paper trading for a long,
796 01:19:01 --> 01:19:04 long time, which was back in the day where I would just simply write down I
797 01:19:04 --> 01:19:08 got in hypothetically at this price on a piece of graph paper, and then where the
798 01:19:08 --> 01:19:13 highest, high and the lowest was I would do, what my drawdown would be, and then
799 01:19:13 --> 01:19:18 what my profit target would be, how long it took me to do that, and I can. I
800 01:19:18 --> 01:19:23 conditioned myself that way. You have all these resources of doing demo
801 01:19:23 --> 01:19:28 trading. I didn't have that when I first came up. Everything was antiquated and
802 01:19:28 --> 01:19:32 archaic, and everything was written down and scribbled in. And you have the
803 01:19:32 --> 01:19:41 dynamic privileges, really, that people like myself, where we would hand draw
804 01:19:41 --> 01:19:47 our charts like we had that was our only alternative, like they until they came
805 01:19:47 --> 01:19:52 up with things like, you know, super charts and meta stock and things like
806 01:19:52 --> 01:19:56 that, everybody did one way, which was they made their own charts. They drew it
807 01:19:56 --> 01:20:01 out on graph paper, or they subscribed to services like. Price charts and or
808 01:20:01 --> 01:20:07 CRV chart, and they gave you a chart book that had some of the data. But then
809 01:20:07 --> 01:20:11 you are, then you're responsible to do the rest, all by yourself every single
810 01:20:11 --> 01:20:15 day. And there you go. Here's your half gap. So is it happening in the first 30
811 01:20:15 --> 01:20:19 minutes? No, but it did trade down to mid gap. Did it give a fair value gap in
812 01:20:19 --> 01:20:23 institutional order flow entry drill, some kind of premium, I'm sorry, some
813 01:20:23 --> 01:20:27 kind of, yeah, some kind of premium array to get short between this low and
814 01:20:27 --> 01:20:31 the upper quadrant to get down to here. Yes, institutional overflow entry drill
815 01:20:31 --> 01:20:36 there delivered. You're never going to be short of supply of setups once you
816 01:20:36 --> 01:20:42 know what you're doing, folks, there's no reason, zero reason for you to have
817 01:20:42 --> 01:20:48 any anxiety about missing moves, feeling anxious about chasing Christ when it was
818 01:20:48 --> 01:20:55 doing all these things up here, everything was just a story time. Just
819 01:20:55 --> 01:21:00 sit back and let it tell you what it's doing. Relax. Let it really prove that
820 01:21:00 --> 01:21:07 it wants to take a run below the initial lows formed here. Now think about that.
821 01:21:07 --> 01:21:13 How can I explain what I just did here in a book? I can't. That's why I'm
822 01:21:13 --> 01:21:20 teaching a lot of lessons like this that cannot be articulated in a book. There's
823 01:21:20 --> 01:21:24 no way that I could just give you what I just gave you here in a book, and you
824 01:21:24 --> 01:21:28 get it, you can't you have to watch the candlesticks paint. You got to see what
825 01:21:28 --> 01:21:35 it's doing on a 15 second chart. Remember, I saw y'all watching this up
826 01:21:35 --> 01:21:40 in here. There's inefficiency and halfway part of that right there, that's
827 01:21:40 --> 01:21:44 this, and we want to see it roll over and get heavy, go back. It's in a live
828 01:21:44 --> 01:21:52 stream. Folks, I was not trying to be long today, and it's boring to me. And
829 01:21:52 --> 01:21:56 that's not a brag, that's this, the facts. It's boring to me. I can sit out
830 01:21:56 --> 01:22:04 here every single day and call every major move, every single one of them,
831 01:22:04 --> 01:22:08 but not every single one of those moves are a trade that I want to put money on.
832 01:22:08 --> 01:22:12 I don't want to trade just for the sake of trading. That's maturity. That's a
833 01:22:12 --> 01:22:17 mindset that you should aspire to have. That means you have control of yourself.
834 01:22:17 --> 01:22:22 You have a measure of self control that's alien to 99% of every trader,
835 01:22:22 --> 01:22:26 even those have been trading profit for a long time. Because if you're a
836 01:22:26 --> 01:22:34 successful trader, say, say, you can take down pretty big paydays. The
837 01:22:34 --> 01:22:39 likelihood of you being a junkie and you're all hopped up on goofballs,
838 01:22:39 --> 01:22:43 because you know, you can take big money, you can take it. So you're like a
839 01:22:43 --> 01:22:48 big game hunter. You don't need to kill that animal. You don't need to go over
840 01:22:48 --> 01:22:52 there and take down an elephant to eat it. You're not starving. You just want
841 01:22:52 --> 01:22:54 to do it because you're hopped up on goofballs, because you're willing to
842 01:22:54 --> 01:22:58 kill something like that, because you're psychopath. You want to do those types
843 01:22:58 --> 01:23:02 of things. You, in my opinion, you're a murderer, and you're satisfying that
844 01:23:02 --> 01:23:11 desire to do those types of things, but you probably still wrestle with this
845 01:23:11 --> 01:23:15 impulsiveness of that you want to get a fix. You maybe have made, like, lots of
846 01:23:15 --> 01:23:18 money. Maybe you don't need to trade ever again, like me, I don't, ever, I
847 01:23:18 --> 01:23:23 don't, never, ever need to take a trade again. Ever money is not an issue for
848 01:23:23 --> 01:23:29 me, but I love doing this. I love it my entire life, and now, because my son's
849 01:23:29 --> 01:23:33 interest in it is like, I'm really like, I'm keyed up, like I'm ready to do it
850 01:23:33 --> 01:23:41 clearly, because I want my son to do well, but it's very hard to understand
851 01:23:41 --> 01:23:47 how to control yourself, because in the beginning, you might look at me, you
852 01:23:47 --> 01:23:51 might look at other people, and whether they're taking trades live in front of
853 01:23:51 --> 01:23:55 you, calling signals that work, or they have broker statements, or they won
854 01:23:55 --> 01:23:59 competitions, whatever the catalyst may be that causes you to have Faith in this
855 01:23:59 --> 01:24:04 individual, whatever that is, you don't have blind faith. And that's good.
856 01:24:05 --> 01:24:10 That's good. Skepticism is absolutely crucial. Have it with me and have it
857 01:24:10 --> 01:24:14 with everyone else, because if you just blindly follow the logic of anybody that
858 01:24:14 --> 01:24:19 spouts out their mouth and you've never tested it, never back tested it, never
859 01:24:19 --> 01:24:23 looked and investigated the claims of what this information should or should
860 01:24:23 --> 01:24:28 not do. You're not really informed, and you're just basically blindly following
861 01:24:28 --> 01:24:31 either what everybody else is says, Well, this is what you should do,
862 01:24:31 --> 01:24:36 because I've seen it. I've seen him do this. I've seen her do that. Did you
863 01:24:36 --> 01:24:42 ever see it? Did you ever sit through a full live stream where I've explained
864 01:24:42 --> 01:24:45 the logic, why it shouldn't do these things, and why I'm not interested in
865 01:24:45 --> 01:24:51 this, and what I'm waiting for, and then watch it pan out like today. Again, I do
866 01:24:51 --> 01:24:56 this every single time, but because you want to signal, because you're new, you
867 01:24:56 --> 01:24:59 just want to see. I want to see, I want to see ICT take a trade. I want to see
868 01:24:59 --> 01:25:03 the. I'm if there's nothing for me to take a trade on, I'm not taking a trade
869 01:25:05 --> 01:25:11 period if there's something in the price action that I want to call attention to
870 01:25:11 --> 01:25:17 for the purposes of teaching my son, that's what I'm here primarily for. But
871 01:25:17 --> 01:25:21 everything that's that's outlined to you happens in real time, right in front of
872 01:25:21 --> 01:25:25 you, and you can't escape it. And it's for your edification. Caleb, it's for
873 01:25:25 --> 01:25:30 you to understand that are you are you going into this to be in control of
874 01:25:30 --> 01:25:34 yourself? Are you going to let the the ebb and flow of what the markets take
875 01:25:34 --> 01:25:38 and give to you dictate how you're going to behave and how you're going to think?
876 01:25:38 --> 01:25:42 Because if you're going to let them do that, you're going to be in a sea that
877 01:25:42 --> 01:25:47 is nothing but storms and waves, and you're never going to be at peace. That
878 01:25:47 --> 01:25:50 means you're never making enough money, you're not taking enough trades, you're
879 01:25:50 --> 01:25:53 not risking enough because you're constantly doing what you're trying to
880 01:25:53 --> 01:26:02 satisfy that itch that never is clinched. Contrast that with, I'm going
881 01:26:02 --> 01:26:06 to wait for my setup that looks like this, and it forms around this basis.
882 01:26:07 --> 01:26:13 What am I talking about? And I say that, well, what did I explain to you today?
883 01:26:13 --> 01:26:18 We had a very large range gap opening. I'm already past my time, but let me see
884 01:26:18 --> 01:26:22 if I can get them by 11 o'clock. I also know just let me take take a moment to
885 01:26:22 --> 01:26:25 say this. And I appreciate all of you that have left the comments. Initially,
886 01:26:25 --> 01:26:28 I thought you were just complaining to me, saying the video's too long and
887 01:26:28 --> 01:26:33 blah, blah, blah, blah, I understand now why the specific requirements for some
888 01:26:33 --> 01:26:37 of you that the video is not be too long, and plus, Caleb said it's, this is
889 01:26:37 --> 01:26:41 a lot that like it's, it comes home from work. He doesn't have the ability to go
890 01:26:41 --> 01:26:46 through all of them each day, so he's lagging behind. So because he said so,
891 01:26:46 --> 01:26:51 that's why I'm pulling back the time. Also, in addition to, I wasn't aware
892 01:26:51 --> 01:26:57 that YouTube doesn't do closed captions after the video goes over, like three
893 01:26:57 --> 01:27:02 hours, or something to that effect. So I'm going to try to be diligent about
894 01:27:02 --> 01:27:07 keeping them at 90 minutes or less, and you're welcome for that, but I wasn't
895 01:27:07 --> 01:27:11 aware. Okay. If I would have known that the closed caption feature was being
896 01:27:11 --> 01:27:14 impeded because of the length of the video, I would have stopped the stream
897 01:27:14 --> 01:27:18 and started another one. It still would have been long, but I would have stopped
898 01:27:18 --> 01:27:20 it. So it's not that I'm trying to make it harder for all of you that are in
899 01:27:20 --> 01:27:26 other countries, I apologize. It was not something it's intended, but I I'm aware
900 01:27:26 --> 01:27:31 of what it's doing and what it can't do, and it's a limitation I'm going to have
901 01:27:31 --> 01:27:36 to operate in. So if we're limiting it to be done by 11 o'clock ICT, then it
902 01:27:36 --> 01:27:41 should, it should answer that call. So, but today, I described to you that we
903 01:27:41 --> 01:27:48 had that very large opening range gap here, which you have to you have to see
904 01:27:48 --> 01:27:54 it with RTH, which is regular trading hours. I mean, I would have paid money
905 01:27:54 --> 01:27:59 for a session like today. Like, you have no idea the stuff I put myself through.
906 01:27:59 --> 01:28:02 It was ridiculous, but I didn't have any other choice, like there was nobody else
907 01:28:02 --> 01:28:06 out there that had this information, or if they did, they weren't teaching it,
908 01:28:06 --> 01:28:12 right? So, and I appreciate the folks that take the time to write a comment
909 01:28:12 --> 01:28:16 and say, you know, I don't have to be doing this and I'm sharing it.
910 01:28:17 --> 01:28:21 I really appreciate that, because the entitlement level today is off the
911 01:28:21 --> 01:28:26 chain, and it's, it's disgusting to see how, dude, you talk too much, get to the
912 01:28:26 --> 01:28:29 point like you're getting something you never would have learned before. And I'm
913 01:28:29 --> 01:28:33 making millionaires with this information. They're using the same
914 01:28:33 --> 01:28:36 logic, and you're, you're coming in on the comment section complaining about
915 01:28:36 --> 01:28:40 how you want it better and faster and differently. Go somewhere else. But this
916 01:28:40 --> 01:28:44 is the opening range gap, and since we opened up here, I told you we were going
917 01:28:44 --> 01:28:48 to work inside that weekly inversion fair value gap. And you don't want to
918 01:28:48 --> 01:28:52 try to pick the highs, because there was a lot of range where it could have went
919 01:28:52 --> 01:28:58 up into mid part of that weekly inversion fair value gap, which is
920 01:28:58 --> 01:29:01 essentially around here. So you got to let it prove to you that it's done
921 01:29:01 --> 01:29:07 enough and break down. So we were watching this low here. It did so. And
922 01:29:07 --> 01:29:14 then I gave you the framework about how this gap below this low here, I wanted
923 01:29:14 --> 01:29:21 to see a premium array form between this low and this upper quadrant between this
924 01:29:21 --> 01:29:27 little area right in here, that's where my setup would form. My PD array would
925 01:29:27 --> 01:29:33 form in this area right here, institutional order, flow entry drill
926 01:29:36 --> 01:29:41 over here. It breaks lower in that area, comes right back up in here. Boom. And I
927 01:29:41 --> 01:29:44 told you, when we were right there, go watch the live stream during the 1030
928 01:29:45 --> 01:29:50 ish to 1036 time I said I'm watching this right here. When I do that, that's
929 01:29:50 --> 01:29:53 that, whenever I say when I'm watching something during the live streams,
930 01:29:54 --> 01:29:57 that's a wonderful opportunity for you that are watching live, or when you
931 01:29:57 --> 01:30:01 watch the old recording, stop and pause the video and. Screenshot that think
932 01:30:01 --> 01:30:08 about what you see in price, what it might do after that moment. Caleb, and
933 01:30:08 --> 01:30:11 you've got one of the best learning opportunities, because it's like, okay,
934 01:30:11 --> 01:30:15 freeze frame, boom. Why is he interested? What should it do? And then,
935 01:30:15 --> 01:30:19 like I said at that time, I said, we want to see it roll over from there and
936 01:30:19 --> 01:30:22 stay heavy and work towards that in the gap. Does it? Do it? Look at the bodies.
937 01:30:23 --> 01:30:27 Look at the bodies. How it behaved inside that little inversion Fairbank.
938 01:30:27 --> 01:30:31 I'm sorry, am I not saying inverse Fairbank, the See that little volume
939 01:30:31 --> 01:30:37 imbalance there. We have to make sure we keep that there as well. There's that
940 01:30:37 --> 01:30:44 halfway point. That price is 18,005 83.75, 83.75 What's that? Candlesticks
941 01:30:44 --> 01:31:01 high? Right there? 8250 84 84.75 so 1.1 handle above, that's only, that's the
942 01:31:01 --> 01:31:07 only heat that had by watching that mid, mid level of that city, and it rolls
943 01:31:07 --> 01:31:11 over. All live in front you, explain to you the logic. That's where the setup is
944 01:31:11 --> 01:31:15 going to form. So tell me how you're going to do that with uh, white cough or
945 01:31:15 --> 01:31:18 supplying demand. You don't know when your setups are going to form. You have
946 01:31:18 --> 01:31:21 to wait for them. I know where my setups are going to form. I know what the
947 01:31:21 --> 01:31:24 algorithm is going to do, how it's going to book price. I know all those things,
948 01:31:24 --> 01:31:28 but I have to let it do its manipulation. I don't want to force
949 01:31:28 --> 01:31:33 myself to be in something I told you. This is all building in a premium. It's
950 01:31:33 --> 01:31:36 engineering liquidity. Every time it made a new high, someone's taking the
951 01:31:36 --> 01:31:41 other side of that when it stops being taken. So buy stops above this high are
952 01:31:41 --> 01:31:45 absorbed there shorts smart money are selling them that buy stop. And they're
953 01:31:45 --> 01:31:50 buying a breakout retail who wants to be the other side of that smart money?
954 01:31:50 --> 01:31:54 They're selling to those buy stops here and then above here, boom, they're
955 01:31:54 --> 01:31:58 selling short to those buy stops. Again, all of this is building in a premium,
956 01:31:58 --> 01:32:04 and they're selling it to the public. I'm waiting for it to get down to here,
957 01:32:04 --> 01:32:09 to give the setup to trade down to the mid gap. And there it is, small little
958 01:32:09 --> 01:32:13 retracement, digging down. So now you want to look at the lower quadrant, and
959 01:32:13 --> 01:32:16 then I'm going to close the stream out. Okay, because I've overstayed my
960 01:32:16 --> 01:32:20 welcome. Here's the lower quadrant. So you want to watch and see, does it trade
961 01:32:20 --> 01:32:28 into that, that price level right here. But if you want to leave a comment, I
962 01:32:28 --> 01:32:32 read every comment, even though you guys can't see them, I see them rude ones are
963 01:32:32 --> 01:32:36 people that are just stupid. I just make you invisible to me. You think you're
964 01:32:36 --> 01:32:39 leaving comments, and you'll see your comment, but I can't see them, and no
965 01:32:39 --> 01:32:43 one else can see them, obviously. But if you want to see a video, I can't promise
966 01:32:43 --> 01:32:47 I'll do it during the week. I might do it this coming weekend, if you all have
967 01:32:47 --> 01:32:51 an interest in it. But if you want to learn how to manage your stress while in
968 01:32:51 --> 01:32:55 trading, and how to keep yourself from having pain attacks, and also how to
969 01:32:55 --> 01:32:59 keep yourself focused so it prevents adrenaline effect or cortisol effect,
970 01:33:00 --> 01:33:03 these are all real things, and if you ever portrayed it long enough you felt
971 01:33:03 --> 01:33:07 that you probably didn't understand it, but it's absolutely 100% controllable,
972 01:33:07 --> 01:33:13 and you can be like a like a Buddh monk, like you're impervious to it, like
973 01:33:13 --> 01:33:19 you're completely devoid of all of that anxiety and wood of thinking. And I
974 01:33:19 --> 01:33:23 could probably do it in a 30 minute video. So it's not a lot, since it's a
975 01:33:23 --> 01:33:28 lot of preparation, mindset wise, and some breathing techniques and things to
976 01:33:28 --> 01:33:32 focus and how to how you are supposed to reset your nervous system. And it can be
977 01:33:32 --> 01:33:35 done instantaneously, like, bang, just like that, like, it's instantly
978 01:33:35 --> 01:33:39 corrected perfectly. And to me, in my opinion, I've been doing it for 32
979 01:33:39 --> 01:33:44 years, and having gone through extreme anxiety, it is one of the most
980 01:33:44 --> 01:33:51 worthwhile investments in discovering skill sets that any trader should have
981 01:33:51 --> 01:33:55 in their repertoire, because you are going to feel stress. You're going to
982 01:33:55 --> 01:33:58 feel stress in the trade, or you're going to feel afterwards when you lost a
983 01:33:58 --> 01:34:03 lot of money, and if you focus on that stuff. It's going to mess you up, and
984 01:34:03 --> 01:34:09 you won't progress further efficiently and correctly. So if you, like I said,
985 01:34:09 --> 01:34:13 if you want to have something that, just give me a comment saying, Please, you
986 01:34:13 --> 01:34:17 know, Lay it on me and I'll get to it probably either Sunday or Saturday.
987 01:34:17 --> 01:34:23 Maybe I'll do a an audio kind of like a shotgun Saturday on on the YouTube
988 01:34:23 --> 01:34:26 channel, because it's basically me just talking about those coping skills and
989 01:34:26 --> 01:34:31 how to overcome anxiety and trading and all that. The real psychology behind it
990 01:34:32 --> 01:34:35 that that's what that's really what it is I flirted with the idea of having,
991 01:34:35 --> 01:34:40 you know, five books, you know, three technical ones, a fiction about a trader
992 01:34:40 --> 01:34:44 that they may have heard, and then the fifth one was going to be flirted with.
993 01:34:44 --> 01:34:47 The idea, I don't know. I'm not sure. We'll see how the books are received by
994 01:34:47 --> 01:34:52 all of you, but the fifth one be would be like a trade psychology book, like
995 01:34:52 --> 01:34:59 the nuts and bolts. Here's what matters most, and there it is. But I enjoyed it.
996 01:35:00 --> 01:35:03 Have time with us together over the charts. Hopefully you learned something
997 01:35:03 --> 01:35:06 today. It probably isn't going to be one of the barn burner type lectures or
998 01:35:06 --> 01:35:10 whatever, but I promise you, once you start trading with real money and you
999 01:35:10 --> 01:35:15 feel all the problems that I talked about here, FOMO trying to chase price,
1000 01:35:15 --> 01:35:19 losing money, and anxiety attacks and stress and all that stuff, you're going
1001 01:35:19 --> 01:35:22 to appreciate this kind of video a whole lot more later on. In the beginning,
1002 01:35:22 --> 01:35:25 when you haven't even done anything to be stressed out, you just want me get to
1003 01:35:25 --> 01:35:28 the point. The point is, is you don't know the point. That's the point you
1004 01:35:28 --> 01:35:32 don't even know what you're doing it. And I'm trying to prepare your mind for
1005 01:35:32 --> 01:35:40 that. Caleb, and until talk to you next time, be safe. You.