Skip to Content
Last modified by Drunk Monkey on 2024-09-25 09:32
Show last authors
1 (% class="hover min" %)
2 |1 |00:01:13 ~-~-> 00:01:20 |ICT: Good morning, folks, give me one second here.
3 |2 |00:01:26 ~-~-> 00:01:35 |All right, hope you're all doing well. Just get right here a minute or two to
4 |3 |00:01:36 ~-~-> 00:01:37 |realize I'm here. I'm
5 |4 |00:01:45 ~-~-> 00:01:47 |How about that debate last night?
6 |5 |00:01:53 ~-~-> 00:02:02 |Alright, so we're looking at the post effect of 830 high impact news driver.
7 |6 |00:02:04 ~-~-> 00:02:14 |We have a huge premium opening. So we're going to look at that real quick over
8 |7 |00:02:14 ~-~-> 00:02:20 |here on the 15 at time frame,
9 |8 |00:02:32 ~-~-> 00:02:35 |and we'll Look at it through.
10 |9 |00:02:41 ~-~-> 00:02:47 |So we had a previous settlement close at 18,008 46 so you can see we're up here
11 |10 |00:02:47 ~-~-> 00:02:51 |in the 920s
12 |11 |00:02:56 ~-~-> 00:03:04 |so it'd be a large gap. Now we're in. Let me go back to a daily chart. This
13 |12 |00:03:04 ~-~-> 00:03:08 |inefficiency here, that's what I'm annotating there, and that weekly
14 |13 |00:03:08 ~-~-> 00:03:13 |inefficiency at larger one. And then there's one right in here. Okay, see
15 |14 |00:03:13 ~-~-> 00:03:18 |that it's got these dashed lines on it. So we open traded down to that, and then
16 |15 |00:03:19 ~-~-> 00:03:24 |trade to a high of this inefficiency that I'll change a little bit in terms
17 |16 |00:03:24 ~-~-> 00:03:32 |of the color that we can see. Okay, so that's where you're at the top of that,
18 |17 |00:03:33 ~-~-> 00:03:41 |right there, right here. So they're putting relatively cool highs in there,
19 |18 |00:03:42 ~-~-> 00:03:48 |at the high of that inefficiency. And there's a small little inefficiency in
20 |19 |00:03:48 ~-~-> 00:03:52 |the form of a volume. And bounce between these candles close, you see that at
21 |20 |00:03:52 ~-~-> 00:03:56 |924, three quarters in the open, at 21 even.
22 |21 |00:04:02 ~-~-> 00:04:09 |So, they accomplish both here, trading to the candlesticks low here and
23 |22 |00:04:09 ~-~-> 00:04:21 |repricing to that volume imbalance. Okay, right there. See that separation
24 |23 |00:04:21 ~-~-> 00:04:25 |between these two bodies, these candles respectively. That's that price right
25 |24 |00:04:25 ~-~-> 00:04:31 |into that. Now I want to see if they want to make that area a little bit more
26 |25 |00:04:31 ~-~-> 00:04:34 |jagged, or if they're just going to be content with leaving it just as it is.
27 |26 |00:04:34 ~-~-> 00:04:35 |Here. I'm
28 |27 |00:04:56 ~-~-> 00:05:01 |okay, another two minutes or so, we'll have the opening bell. This is a 15
29 |28 |00:05:01 ~-~-> 00:05:04 |second chart over here on the right hand side,
30 |29 |00:05:18 ~-~-> 00:05:20 |down to 15 on the chart on the left you
31 |30 |00:05:45 ~-~-> 00:05:52 |a five minute on the left hand side chart, watching this inefficiency right
32 |31 |00:05:52 ~-~-> 00:05:59 |here on the 15 second and with the order block right there On the five scene, if
33 |32 |00:06:01 ~-~-> 00:06:05 |any interest in that, maybe as an inversion. There's cell side resting
34 |33 |00:06:05 ~-~-> 00:06:11 |right down at 888, 86 is right in here.
35 |34 |00:06:20 ~-~-> 00:06:22 |30 seconds, opening bell. I
36 |35 |00:06:50 ~-~-> 00:06:51 |here's your opening gap. I'm
37 |36 |00:07:13 ~-~-> 00:07:18 |previous element to opening half the gaps. Are you treated to? I?
38 |37 |00:07:38 ~-~-> 00:07:46 |And there's that gap I was telling you. Use it for inversion in here, only my
39 |38 |00:07:46 ~-~-> 00:07:57 |balance included. There's that it's almost like we do. I
40 |39 |00:08:12 ~-~-> 00:08:22 |almost full gap closure. You see a little separation in here. Still sit
41 |40 |00:08:22 ~-~-> 00:08:31 |deep retracement back down inside the opening range gap, half the gap closure.
42 |41 |00:08:31 ~-~-> 00:08:36 |Be interested to see this same inefficiency on the 15 second chart. If
43 |42 |00:08:36 ~-~-> 00:08:41 |you can climb above that. Find that as a discount array. Be interesting to see if
44 |43 |00:08:41 ~-~-> 00:08:48 |they want to swipe that 18,009 28 level, just relax and sit and still. Sorry
45 |44 |00:09:00 ~-~-> 00:09:03 |if you hear that. I to hear
46 |45 |00:09:22 ~-~-> 00:09:33 |that. Sml, ICT style. So if you see the little shaded area here, that's a little
47 |46 |00:09:33 ~-~-> 00:09:40 |darker than the other area up here, that is the top of an inefficiency on a hard
48 |47 |00:09:40 ~-~-> 00:09:45 |time frame chart. So I'm watching that to see if there's any kind of interest
49 |48 |00:09:45 ~-~-> 00:09:53 |in using that level in addition to this inefficiency right there. Right now,
50 |49 |00:09:53 ~-~-> 00:10:02 |there's spy side sitting at 928, so. ELSI resides At 852, you
51 |50 |00:11:01 ~-~-> 00:11:09 |Okay, So we had the gap down here. Used ran back up into inversion. Para Vega.
52 |51 |00:11:10 ~-~-> 00:11:12 |Lick through it. The bodies are staying below it. I'm
53 |52 |00:11:48 ~-~-> 00:11:53 |I need the opening gap on the 11th day, opening gap draw on liquidity. I
54 |53 |00:12:06 ~-~-> 00:12:11 |watching the mid plan this, this wick here. So
55 |54 |00:12:27 ~-~-> 00:12:35 |okay, full got closure, and there's the bodies right here at the that's at this
56 |55 |00:12:35 ~-~-> 00:12:41 |level here. Okay, so previous element on regular trading hours, you can see that
57 |56 |00:12:41 ~-~-> 00:12:49 |down here right hand corner, need the opening gap, and then to the top of That
58 |57 |00:12:49 ~-~-> 00:12:52 |old daily inefficiency I'm
59 |58 |00:13:32 ~-~-> 00:13:39 |okay, we're seeing if we can find the previous settlement. Does it want to
60 |59 |00:13:39 ~-~-> 00:13:45 |explore lower or if it gets back inside the range, we have to wait and see what
61 |60 |00:13:45 ~-~-> 00:13:49 |we get. In regards to that, so far, it's been delivery off that inversion fair
62 |61 |00:13:49 ~-~-> 00:13:51 |value gap here, before it Got closure, I
63 |62 |00:14:19 ~-~-> 00:14:20 |Okay, we're inside of the gap
64 |63 |00:14:26 ~-~-> 00:14:32 |that's this from here to opening price. So this previous settlement price in
65 |64 |00:14:32 ~-~-> 00:14:38 |here, we're back inside of that now. Now you can it, can do a lot of this type of
66 |65 |00:14:38 ~-~-> 00:14:43 |wicking and redelivery back in here, because there's no real bodies. Notice
67 |66 |00:14:43 ~-~-> 00:14:46 |that here, let me highlight on the chart to the left. I don't
68 |67 |00:14:52 ~-~-> 00:14:53 |want that color because it's not
69 |68 |00:14:59 ~-~-> 00:15:07 |that. So in between here, there's no body, there's Wix there, then we have
70 |69 |00:15:07 ~-~-> 00:15:12 |one single candle body down. So what we're seeing here is actually very
71 |70 |00:15:12 ~-~-> 00:15:16 |efficient Philippian price. It's going right back up to reprice over top of
72 |71 |00:15:16 ~-~-> 00:15:25 |that little segment of price action right there, distinctly, framed by these
73 |72 |00:15:25 ~-~-> 00:15:28 |bodies in that previous settlement price there.
74 |73 |00:15:41 ~-~-> 00:15:46 |Now my interest is, since we had this area here and we delivered price, does
75 |74 |00:15:46 ~-~-> 00:15:49 |it have a willingness to come back down, and does it respect the top end of that
76 |75 |00:15:49 ~-~-> 00:15:56 |blue box area there? Because it is comes now a balanced price range. It trades
77 |76 |00:15:56 ~-~-> 00:16:03 |below it that is decidedly weak. So we're at a juncture where price would
78 |77 |00:16:03 ~-~-> 00:16:09 |need to have some respect of that blue area where it's at now, or it goes below
79 |78 |00:16:09 ~-~-> 00:16:14 |it. All this was as we trace it back into the opening range, The first 30
80 |79 |00:16:14 ~-~-> 00:16:16 |minutes, and after the gap closure, I
81 |80 |00:16:55 ~-~-> 00:17:03 |I see how price is delivered there. Next key levels, Thursday, last week's daily
82 |81 |00:17:03 ~-~-> 00:17:12 |low. Watch this line in here. Okay, that's that old. Let me take you up to
83 |82 |00:17:12 ~-~-> 00:17:22 |the daily that is this. See that candlesticks low, right there on
84 |83 |00:17:22 ~-~-> 00:17:23 |Thursday, September 5.
85 |84 |00:17:32 ~-~-> 00:17:35 |That's this dashed line. It's a little hard to see because I got these
86 |85 |00:17:35 ~-~-> 00:17:42 |colorings on it. Watch that. And the end dog in there, because We broke lower
87 |86 |00:17:42 ~-~-> 00:17:42 |here take
88 |87 |00:17:56 ~-~-> 00:17:57 |the sheep area.
89 |88 |00:18:15 ~-~-> 00:18:17 |Now watch the bodies in here. I'm
90 |89 |00:18:42 ~-~-> 00:18:43 |so this see
91 |90 |00:18:50 ~-~-> 00:18:55 |this inefficiency there to here?
92 |91 |00:19:00 ~-~-> 00:19:01 |Color like this.
93 |92 |00:19:08 ~-~-> 00:19:16 |This gap here trades down to that and end all for today, and are back inside
94 |93 |00:19:16 ~-~-> 00:19:23 |of that inefficiency I outlined on the opening range gap. So we ran south side
95 |94 |00:19:23 ~-~-> 00:19:32 |here, dug into this inefficiency a little bit so that 810, level, or just
96 |95 |00:19:32 ~-~-> 00:19:40 |just below that, candlesticks low there. Now resume your attention back on this
97 |96 |00:19:40 ~-~-> 00:19:42 |little segment of price action, which is framed on
98 |97 |00:19:48 ~-~-> 00:19:56 |this area here, where they delivered the bodies. Think of it like that pink
99 |98 |00:19:56 ~-~-> 00:20:01 |roller analogy I like to use. There's not a whole. A lot of paint in between
100 |99 |00:20:01 ~-~-> 00:20:06 |the previous day's settlement here, and that candlesticks body and this
101 |100 |00:20:06 ~-~-> 00:20:10 |candlesticks bottle, we had one single pass down. Yes, while this wick did go
102 |101 |00:20:10 ~-~-> 00:20:15 |back above it, it doesn't have a body laid over top that range on the upside,
103 |102 |00:20:15 ~-~-> 00:20:19 |until this green candle here, then it went down, took out south side here,
104 |103 |00:20:21 ~-~-> 00:20:27 |into that inefficient daily chart and then rally back up. And now we're back
105 |104 |00:20:27 ~-~-> 00:20:34 |inside this little area here. So it's moving a lot of around all these
106 |105 |00:20:34 ~-~-> 00:20:38 |specific PDA raise, and it's not giving any real clear framework. So far, the
107 |106 |00:20:38 ~-~-> 00:20:44 |initial drop into gap closure off of the inversion fair value got there was that
108 |107 |00:20:44 ~-~-> 00:20:45 |was a nice run.
109 |108 |00:21:01 ~-~-> 00:21:02 |I like the volatility here, if you're
110 |109 |00:21:19 ~-~-> 00:21:25 |just looking at the one minute chart like over here, this could be a little
111 |110 |00:21:25 ~-~-> 00:21:25 |perplexing.
112 |111 |00:21:34 ~-~-> 00:21:38 |So now we're banging at the bottom end of that one minute gap. I'm
113 |112 |00:21:55 ~-~-> 00:22:04 |so they have a little bit of cell side right there. I that was a little too
114 |113 |00:22:04 ~-~-> 00:22:05 |shallow. I'm not liking
115 |114 |00:22:34 ~-~-> 00:22:37 |Okay? 15 minutes trading so far,
116 |115 |00:22:42 ~-~-> 00:22:49 |no, a little wild. See if we get that deeper around, that Low Down.
117 |116 |00:23:02 ~-~-> 00:23:07 |My sing
118 |117 |00:23:17 ~-~-> 00:23:18 |awfully wild today. I
119 |118 |00:23:28 ~-~-> 00:23:31 |Come on, just a little bit deeper. Here you go. I
120 |119 |00:23:43 ~-~-> 00:23:47 |All right, so we had a gap open higher, came down, filled the gap, tried to
121 |120 |00:23:47 ~-~-> 00:23:54 |rally, treated that area in here as a balanced price range, and we took
122 |121 |00:23:54 ~-~-> 00:24:06 |another cool sell side liquidity. Thank you. Changes to electronic sessions now,
123 |122 |00:24:06 ~-~-> 00:24:13 |because we have opportunity to seek i
124 |123 |00:24:20 ~-~-> 00:24:26 |It's a little smooth in there, even if it doesn't want to get down to the
125 |124 |00:24:26 ~-~-> 00:24:30 |consequent version this week. This is a one minute chart on electronic trading,
126 |125 |00:24:30 ~-~-> 00:24:36 |electronic trading hours, data, not regular trading hours, that wicks
127 |126 |00:24:36 ~-~-> 00:24:40 |consequent crochet. I'm eyeballing that the smoothness of these two relative
128 |127 |00:24:40 ~-~-> 00:24:47 |equal lows. They took the cell side between this low and this low, which was
129 |128 |00:24:47 ~-~-> 00:24:51 |a little too shallow of a jump below there. So now we're working inside. Now
130 |129 |00:24:51 ~-~-> 00:24:54 |watch this wick here. I'm.
131 |130 |00:25:02 ~-~-> 00:25:03 |Kind of like this. I
132 |131 |00:25:20 ~-~-> 00:25:24 |it always jumps,
133 |132 |00:25:34 ~-~-> 00:25:38 |so back into end dog and the high of that shaded area here, you can see
134 |133 |00:25:38 ~-~-> 00:25:42 |quickly why I don't like to have all this stuff in my chart, just the numbers
135 |134 |00:25:42 ~-~-> 00:25:47 |is enough, and you constantly refer, I'm constantly referring back to that level
136 |135 |00:25:47 ~-~-> 00:25:54 |and where price is at. But for visual representation, for Caleb and for any of
137 |136 |00:25:54 ~-~-> 00:25:58 |you that are interested in watching is having on your chart, you can see the
138 |137 |00:25:58 ~-~-> 00:26:02 |behavior, what price does when it gets there. See how the bodies are staying
139 |138 |00:26:02 ~-~-> 00:26:07 |right at the top of that shaded area here. It isn't like a I guess a bit of I
140 |139 |00:26:07 ~-~-> 00:26:11 |don't know what color that is, to be honest with you, it's just not the gray
141 |140 |00:26:11 ~-~-> 00:26:17 |background. The body's just laying right at the top of that dash line. That's the
142 |141 |00:26:17 ~-~-> 00:26:26 |high of this inefficiency here. Okay, see how it's delivering lower. We have
143 |142 |00:26:26 ~-~-> 00:26:34 |minor cell side now here and over here, that candlesticks low, that candle
144 |143 |00:26:34 ~-~-> 00:26:34 |sticks low.
145 |144 |00:26:41 ~-~-> 00:26:44 |Buy side would be on the other side of this balanced price range, which would
146 |145 |00:26:44 ~-~-> 00:26:49 |be right here. So this would, this would be your minor buy side and your minor
147 |146 |00:26:49 ~-~-> 00:26:52 |sell side. That's the full book would be that matters, not your book map.
148 |147 |00:26:57 ~-~-> 00:27:02 |Book map probably hates me because so I'm always dogging them out. I'm just
149 |148 |00:27:02 ~-~-> 00:27:10 |trying to teach people to do things with price alarm. Now, if you remember a
150 |149 |00:27:10 ~-~-> 00:27:15 |moment ago I was showing you, watch this wick here. Yeah, drop drew that line
151 |150 |00:27:15 ~-~-> 00:27:22 |here at the midpoint, which is 118, 817, 75 I told you once the bodies in here
152 |151 |00:27:22 ~-~-> 00:27:26 |see how it's showing you it's respecting what? What's it respecting? It's the
153 |152 |00:27:26 ~-~-> 00:27:31 |high of that inefficiency. And then here's that Wix consequent encroachment.
154 |153 |00:27:31 ~-~-> 00:27:35 |It hits it there and delivers down into this range that right there is enough
155 |154 |00:27:35 ~-~-> 00:27:41 |for a scalp. And that's enough to do what a lot of the guys on YouTube do
156 |155 |00:27:42 ~-~-> 00:27:45 |like these small, little, tiny, little price fluctuations. So if you're having
157 |156 |00:27:45 ~-~-> 00:27:49 |these higher Time Frame inefficiencies on your chart, and you're watching how
158 |157 |00:27:50 ~-~-> 00:27:55 |price is moving and gravitating towards short term sell side and buy side, you
159 |158 |00:27:55 ~-~-> 00:27:58 |don't even need to have the full range delivered. And you can get these little
160 |159 |00:27:58 ~-~-> 00:28:05 |bread and butter type easy bread winning scouts. Let's get them and take them and
161 |160 |00:28:05 ~-~-> 00:28:10 |run that's all these high frequency trading algorithms are doing. They're
162 |161 |00:28:10 ~-~-> 00:28:14 |finding these, these price points here. And when they get the data, the supports
163 |162 |00:28:14 ~-~-> 00:28:18 |that it's it's referring to all the bodies here, the opens and closes. Have
164 |163 |00:28:18 ~-~-> 00:28:23 |to match, what's it matching the high that inefficiency I gave you on the
165 |164 |00:28:23 ~-~-> 00:28:27 |daily chart at the beginning of the stream, then it delivers, gives you one
166 |165 |00:28:27 ~-~-> 00:28:31 |more chance to use that consequence encroachment of this one minute candle
167 |166 |00:28:31 ~-~-> 00:28:37 |sticks wick. You don't see it, but you get it right there, right there, and
168 |167 |00:28:37 ~-~-> 00:28:43 |delivers lower. Just that alone. That's a high frequency scalp, and they're
169 |168 |00:28:43 ~-~-> 00:28:46 |doing these things all day long. Remember, this is a 15 second time
170 |169 |00:28:46 ~-~-> 00:28:51 |frame. How many times is price using the PD arrays of outline here today and the
171 |170 |00:28:51 ~-~-> 00:28:54 |fluctuations movement back and forth, they don't need a directional bias.
172 |171 |00:28:55 ~-~-> 00:29:03 |They're not trading in a one direction only. You know, it's multi dimensional,
173 |172 |00:29:04 ~-~-> 00:29:09 |so it allows them to be very liquid and fluid in and out, in and out. So that's
174 |173 |00:29:09 ~-~-> 00:29:14 |what I'm saying. Like there's always liquidity. Always. It's not just above
175 |174 |00:29:14 ~-~-> 00:29:19 |old highs and below lows, but there's smaller micro structure that you have to
176 |175 |00:29:19 ~-~-> 00:29:23 |be aware of. If you look for these types of things, what will happen is, if
177 |176 |00:29:23 ~-~-> 00:29:26 |you're using, like, very small time frames, like the 15 second chart or 32nd
178 |177 |00:29:26 ~-~-> 00:29:31 |chart, it helps you decide what you're looking for, because you got a lot of
179 |178 |00:29:31 ~-~-> 00:29:36 |examples inside of one daily range. So look at all the fluctuations in here. I
180 |179 |00:29:36 ~-~-> 00:29:43 |mean, if I would tell you that the NASDAQ is going to move 1500 points
181 |180 |00:29:43 ~-~-> 00:29:50 |today. Would you believe me? Chances are you're wrapping Well, yeah, that's a
182 |181 |00:29:50 ~-~-> 00:29:55 |that's a little stretch out. But if you add up every tiny fluctuation from up
183 |182 |00:29:55 ~-~-> 00:30:02 |down, up down, up down, it actually does more than that. I. So from a quant
184 |183 |00:30:02 ~-~-> 00:30:06 |stance, and yes, I'm familiar with that, and a lot of people that like to troll
185 |184 |00:30:06 ~-~-> 00:30:11 |me in the past, I'm gonna do some of that. Quants understand that dynamic.
186 |185 |00:30:11 ~-~-> 00:30:14 |They don't have to have a daily range that's determined with a directional
187 |186 |00:30:14 ~-~-> 00:30:23 |bias. It's good for you as a retail trader to learn how to do that. I I keep
188 |187 |00:30:23 ~-~-> 00:30:32 |this the a high frequency trading algorithm can operate without having a
189 |188 |00:30:32 ~-~-> 00:30:38 |bias. All it needs to do is frame very specific reference points, and then when
190 |189 |00:30:38 ~-~-> 00:30:46 |it gives a like a confirming quality measurement, meaning that if we know
191 |190 |00:30:46 ~-~-> 00:30:50 |that this inefficiency is marked here as I'll show you the beginning of the
192 |191 |00:30:50 ~-~-> 00:30:54 |stream, and I'll show you in a minute before we went on a minute. But before
193 |192 |00:30:54 ~-~-> 00:30:58 |we close the stream at 1030 I'll recap some of the things that we can go back
194 |193 |00:30:58 ~-~-> 00:31:05 |through your charts, Caleb and use this video as well. The he'll have to use my
195 |194 |00:31:05 ~-~-> 00:31:09 |charts in this regard, because it doesn't have the full package for live
196 |195 |00:31:09 ~-~-> 00:31:14 |data on trading view. So you'll use my chart to do a screenshot these and then
197 |196 |00:31:14 ~-~-> 00:31:19 |what we discussed when you get off work tonight, this is the conversation we'll
198 |197 |00:31:19 ~-~-> 00:31:25 |have, but the bodies are respecting these key levels. And when we see things
199 |198 |00:31:25 ~-~-> 00:31:31 |like that, for instance, like upper here, we're looking at that inefficiency
200 |199 |00:31:31 ~-~-> 00:31:36 |in the opening range gap or limit chart, and where the bodies were closing here,
201 |200 |00:31:36 ~-~-> 00:31:40 |that tells you it's respecting what the high end of that inefficiency. So it's
202 |201 |00:31:40 ~-~-> 00:31:45 |likely that it will explore the other side of it, other side of what that
203 |202 |00:31:45 ~-~-> 00:31:48 |inefficiency? Well, if it's going to go down to the bottom of that inefficiency,
204 |203 |00:31:48 ~-~-> 00:31:53 |what's in close proximity to that that low? So we'll be resting below that
205 |204 |00:31:54 ~-~-> 00:31:58 |South Side. So they can get in here and aim for that little, tiny, little
206 |205 |00:31:58 ~-~-> 00:32:03 |structure between the new day, opening gap of september 11, and accomplish the
207 |206 |00:32:03 ~-~-> 00:32:07 |run below that load for sell side equity. So it's accomplishing two
208 |207 |00:32:07 ~-~-> 00:32:12 |things. It's using these PD arrays that I'm telling you to focus on and then
209 |208 |00:32:12 ~-~-> 00:32:17 |think about a narrative. And a narrative doesn't have to be for the entirety of
210 |209 |00:32:17 ~-~-> 00:32:21 |the daily range. It doesn't have to be for the session. It can be done on micro
211 |210 |00:32:21 ~-~-> 00:32:25 |market structure, like this, small, little, tiny, little fluctuations that
212 |211 |00:32:25 ~-~-> 00:32:29 |you can use to parlay and compound. And you can have a very, very small count,
213 |212 |00:32:30 ~-~-> 00:32:36 |very, very small account and use just micro lots that's not even you're not
214 |213 |00:32:36 ~-~-> 00:32:40 |you're not even trading with big leverage. But you can do a lot of these
215 |214 |00:32:40 ~-~-> 00:32:45 |types of setups, and they can compound over time. And what happens if you use
216 |215 |00:32:45 ~-~-> 00:32:49 |that structure, this approach, and you're finding maybe two or three of
217 |216 |00:32:49 ~-~-> 00:32:55 |them a day, two or three of them a day, and you're you're gaining anywhere
218 |217 |00:32:55 ~-~-> 00:33:00 |between one and a half to 3% a day. Think about that. But you're out there,
219 |218 |00:33:00 ~-~-> 00:33:05 |trying to swing the bat, trying to get 10% 15% and you don't even know what
220 |219 |00:33:05 ~-~-> 00:33:10 |you're doing half the time. So what I'm trying to teach Caleb is there is a
221 |220 |00:33:10 ~-~-> 00:33:14 |plethora of opportunity every single day, even in ugly price action. You can
222 |221 |00:33:14 ~-~-> 00:33:21 |use a 15 second chart. But the problem is, you as a viewer, as a new student.
223 |222 |00:33:21 ~-~-> 00:33:23 |If I tell you these types of things, and I show you on a 15 second chart,
224 |223 |00:33:23 ~-~-> 00:33:27 |immediately you want to sign up to trading view, or the equivalent, and
225 |224 |00:33:27 ~-~-> 00:33:31 |have a 15 second chart and try to trade every optimal trade entry, every fair
226 |225 |00:33:31 ~-~-> 00:33:34 |value gap, every potential inversion fair value gap, every order block. And
227 |226 |00:33:34 ~-~-> 00:33:38 |then, because you don't know what you don't know, you end up hurting yourself.
228 |227 |00:33:38 ~-~-> 00:33:42 |And you think, well, it's this is too complicated when it's really not
229 |228 |00:33:42 ~-~-> 00:33:46 |complicated. What's complicated is, is you're you're not settled in on what
230 |229 |00:33:46 ~-~-> 00:33:50 |you're aiming for, what you're what you're searching for in terms of a model
231 |230 |00:33:50 ~-~-> 00:33:56 |or a setup. All you have to have is something that's going to be a catalyst
232 |231 |00:33:56 ~-~-> 00:34:01 |for sending price higher or lower. What's the, what's, what's the factor
233 |232 |00:34:01 ~-~-> 00:34:06 |that you're looking for in price, that's going to constitute a reason to expect
234 |233 |00:34:06 ~-~-> 00:34:13 |price not going higher, not go sideways, but do go lower? Or why should it go
235 |234 |00:34:13 ~-~-> 00:34:19 |higher, but not go sideways? But I think I just said that wrong. Let me say
236 |235 |00:34:19 ~-~-> 00:34:24 |slower. This is where the Control M on Camtasia Studio would be, and I'd go in
237 |236 |00:34:24 ~-~-> 00:34:28 |and say it again, and then I'd go back and editing part and cut that part out
238 |237 |00:34:28 ~-~-> 00:34:33 |and leave the part I was supposed to say correctly. So what you're looking for is
239 |238 |00:34:33 ~-~-> 00:34:38 |something that would promote a discount array to keep price from moving lower,
240 |239 |00:34:38 ~-~-> 00:34:43 |but not go sideways, allowing and affording buy side delivery. That means
241 |240 |00:34:43 ~-~-> 00:34:49 |moving higher in price, or identify a premium array where price should not go
242 |241 |00:34:49 ~-~-> 00:34:53 |any higher, but do not go sideways, but affords the opportunity for sell side
243 |242 |00:34:53 ~-~-> 00:34:59 |delivery to unfold in price or move lower. Okay, so that's essentially what.
244 |243 |00:35:00 ~-~-> 00:35:05 |A high frequency trading algorithm is coded around that logic. That's all it's
245 |244 |00:35:05 ~-~-> 00:35:09 |trying to do. It's not trying to be in there capturing the full daily range
246 |245 |00:35:09 ~-~-> 00:35:13 |there are, there are algorithms that try to capitalize on that, but it's
247 |246 |00:35:13 ~-~-> 00:35:18 |primarily in there with lots of transactions all day long. It's
248 |247 |00:35:18 ~-~-> 00:35:25 |constantly firing off, and one of that, one of the advantages of having those in
249 |248 |00:35:25 ~-~-> 00:35:29 |the marketplace where they catch a lot of flack, you know, people that don't
250 |249 |00:35:29 ~-~-> 00:35:32 |know how to read price or understand how these markets actually book price,
251 |250 |00:35:32 ~-~-> 00:35:36 |they'll vilify algorithms. Algorithms are messing up everything. Algorithms
252 |251 |00:35:36 ~-~-> 00:35:40 |are actually making things a whole lot better. They're they're providing a
253 |252 |00:35:40 ~-~-> 00:35:48 |great deal more of liquidity, and that should be smiled upon. But when you're
254 |253 |00:35:48 ~-~-> 00:35:51 |looking at John Q Public, who doesn't really understand what price is doing,
255 |254 |00:35:51 ~-~-> 00:35:56 |how it behaves, they're always looking for some external source to blame. When
256 |255 |00:35:56 ~-~-> 00:35:58 |they lost money because they over leveraged, they gambled, they over
257 |256 |00:35:58 ~-~-> 00:36:02 |traded, and or they just simply don't have a model, they don't know what
258 |257 |00:36:02 ~-~-> 00:36:05 |they're doing, and they think just by pushing a button, like at the casino,
259 |258 |00:36:05 ~-~-> 00:36:08 |they're going to get a jackpot. So when you when you look at things soberly,
260 |259 |00:36:08 ~-~-> 00:36:13 |like that, it kind of it's refreshing number one, because it's not something
261 |260 |00:36:13 ~-~-> 00:36:16 |that you should be fearful of. You should be thankful that there's a whole
262 |261 |00:36:16 ~-~-> 00:36:19 |lot more liquidity in the marketplace because of their presence. They're
263 |262 |00:36:19 ~-~-> 00:36:22 |always constantly buying and selling. It's not just they're only buying today
264 |263 |00:36:22 ~-~-> 00:36:25 |or they're only buying right now. They're selling. They're buying and
265 |264 |00:36:25 ~-~-> 00:36:32 |selling all day long. Boom, boom, boom. So knowing what you're looking for, you
266 |265 |00:36:32 ~-~-> 00:36:39 |know, for instance, again, I told you the five minute, I'm sorry, the one
267 |266 |00:36:39 ~-~-> 00:36:49 |minute candlesticks wick right here means I'm right here, that low up to
268 |267 |00:36:49 ~-~-> 00:36:52 |that high, 18.75
269 |268 |00:36:54 ~-~-> 00:36:57 |okay, that's what I'm highlighting with that little line that I drew across
270 |269 |00:36:57 ~-~-> 00:37:02 |earlier. Right there. Look how it came up and hit that again, right there.
271 |270 |00:37:02 ~-~-> 00:37:07 |That's a turtle suit. Old High hits it. What's it going to do if it goes there?
272 |271 |00:37:07 ~-~-> 00:37:12 |Well, it can run down to that and then target the lows. I told you that my eye
273 |272 |00:37:12 ~-~-> 00:37:22 |was drawn to here, and then consequent crochet with that wick down here. So if,
274 |273 |00:37:22 ~-~-> 00:37:30 |if ICP could be personified for a moment, you can see that if I was a high
275 |274 |00:37:30 ~-~-> 00:37:39 |frequency trading algorithm, that's what you get all live in front of you
276 |275 |00:37:39 ~-~-> 00:37:47 |explained they could mean about it. You're out here looking at silly stuff,
277 |276 |00:37:48 ~-~-> 00:37:56 |looking at indicators and whatnot, moving averages of V wop, none of that
278 |277 |00:37:56 ~-~-> 00:38:02 |stuff is what's making price go up and down. I
279 |278 |00:38:10 ~-~-> 00:38:15 |so we have the I don't know what's going on, but today feels like a lifetime. It
280 |279 |00:38:15 ~-~-> 00:38:21 |feels like the last 30 minutes took, like an hour and a half, like time feels
281 |280 |00:38:21 ~-~-> 00:38:30 |like it's moving extremely slow today, very, very slow. But in that, in that
282 |281 |00:38:30 ~-~-> 00:38:35 |drawing, look at that. That's brilliant. In it, that consequence, encroachment.
283 |282 |00:38:36 ~-~-> 00:38:42 |What's the price? Low? Look up here. I'm gonna move it over so you see that price
284 |283 |00:38:42 ~-~-> 00:38:45 |right up your upper left hand corner, right where my cursor is. We're looking
285 |284 |00:38:45 ~-~-> 00:38:57 |for 740, 1.75 this candle sticks low to the tick 77 41.75 find that, seriously.
286 |285 |00:38:57 ~-~-> 00:39:04 |Find that and find a man bike off Elliot wave pitchforks. It's not, it's not
287 |286 |00:39:04 ~-~-> 00:39:13 |there, folks, okay, it's not so you can break the same smaller microstructures
288 |287 |00:39:13 ~-~-> 00:39:19 |down. And how does a high frequency trading algorithm add to a position? How
289 |288 |00:39:19 ~-~-> 00:39:23 |would do that. Well, if you're looking for saying, for instance, that
290 |289 |00:39:23 ~-~-> 00:39:27 |consequent crochet, I'm gonna, I'm gonna make this a little bit bolder
291 |290 |00:39:33 ~-~-> 00:39:36 |and color it red. Okay, so that way what you see over here is this line over here
292 |291 |00:39:36 ~-~-> 00:39:42 |on the 15 second chart, and then this level down here. I'm going to thicken
293 |292 |00:39:42 ~-~-> 00:39:48 |that up and make it blue, so that way we can see a range upon how an algorithm
294 |293 |00:39:48 ~-~-> 00:39:54 |would see this and how it could it build trades around it, so you have a short
295 |294 |00:39:54 ~-~-> 00:39:58 |term high here. This is a really going because it wants to see an old high
296 |295 |00:39:58 ~-~-> 00:40:07 |taken. You. There. So what would be above that short term high, bus stops,
297 |296 |00:40:07 ~-~-> 00:40:13 |something trailed lower, okay, or a breakout to go long. It doesn't matter
298 |297 |00:40:13 ~-~-> 00:40:18 |what the context is. It's just the premises. Above that high there is going
299 |298 |00:40:18 ~-~-> 00:40:21 |to be liquidity, the algorithm that's being traded into the high frequency
300 |299 |00:40:21 ~-~-> 00:40:26 |mechanism to, you know, harvest fluctuations in pricing all day long.
301 |300 |00:40:26 ~-~-> 00:40:32 |It's not aware, just like the price engine is not aware, okay, of how many
302 |301 |00:40:32 ~-~-> 00:40:35 |stops are above or below the marketplace. It does. It doesn't need to
303 |302 |00:40:35 ~-~-> 00:40:39 |know that the premises is above old high and below and old low. There's liquidity
304 |303 |00:40:39 ~-~-> 00:40:43 |there. It doesn't matter if it's one contract or if it's 10,000 contracts,
305 |304 |00:40:43 ~-~-> 00:40:47 |it's just that's the underlying premise. That's why it's it's the same thing as a
306 |305 |00:40:47 ~-~-> 00:40:53 |video game where the coding is done in a manner where it's Following the same
307 |306 |00:40:53 ~-~-> 00:40:59 |logic. Pac Man can only go this way or that way, and the ghost can only move
308 |307 |00:40:59 ~-~-> 00:41:03 |around inside of that maze, because that's the parameters upon which the the
309 |308 |00:41:03 ~-~-> 00:41:07 |Maze was designed for that given level. And this is how many power dots are
310 |309 |00:41:07 ~-~-> 00:41:10 |going to be in here. So it's always a static thing. It doesn't need to change
311 |310 |00:41:10 ~-~-> 00:41:14 |every time you go to that same map when you play play, Call of Duty, the same
312 |311 |00:41:14 ~-~-> 00:41:19 |stuff is there. What's changing the players, but they have to stay inside
313 |312 |00:41:19 ~-~-> 00:41:23 |that realm of whatever that map is at the time of their gameplay. So when,
314 |313 |00:41:23 ~-~-> 00:41:29 |when the price is being delivered, the algorithm that delivers price is already
315 |314 |00:41:29 ~-~-> 00:41:32 |predetermined. This is, this is where it's going to go, this is where it's
316 |315 |00:41:32 ~-~-> 00:41:35 |going to stop, and this is where it's going to hang around. It's all delivered
317 |316 |00:41:35 ~-~-> 00:41:43 |by time we get the opportunity to trade inside that map, okay? Or that that
318 |317 |00:41:43 ~-~-> 00:41:51 |spatial defined range of price action in the presence of time that we associate
319 |318 |00:41:51 ~-~-> 00:41:57 |with a morning session, a more a lunchtime period, an afternoon session,
320 |319 |00:41:57 ~-~-> 00:42:01 |a London session, an Asian session, each one of them is like a map when you're
321 |320 |00:42:01 ~-~-> 00:42:06 |playing a video game. Okay? And before that price is delivered, it's already
322 |321 |00:42:06 ~-~-> 00:42:12 |predetermined. It's scripted. Now, a lot of it's calculated based on previous
323 |322 |00:42:12 ~-~-> 00:42:16 |days, range, last three days, range, previous weeks, range, previous months,
324 |323 |00:42:16 ~-~-> 00:42:21 |range, and all of that's being done and calculated. And then the algorithm, if
325 |324 |00:42:21 ~-~-> 00:42:26 |it's left to do what it's coded to do, it'll just do its thing. Unfortunately,
326 |325 |00:42:26 ~-~-> 00:42:30 |on days like today and FOMC and nonprofit payroll, it's a wonderful
327 |326 |00:42:30 ~-~-> 00:42:37 |opportunity for the handlers, okay, the owners of this price mechanism, they get
328 |327 |00:42:37 ~-~-> 00:42:42 |to go in and stir it up a little bit. Okay? And it makes it makes it a little
329 |328 |00:42:42 ~-~-> 00:42:46 |bit more wild. And to the untrained eye, it looks a little unorganized. It
330 |329 |00:42:46 ~-~-> 00:42:49 |doesn't look like there's anything to do. There's no trade setups when there's
331 |330 |00:42:49 ~-~-> 00:42:52 |a plethora of trade setups. But the problem is, it takes a great deal
332 |331 |00:42:52 ~-~-> 00:42:57 |understanding about how you would frame these setups. So let's talk about one. I
333 |332 |00:42:57 ~-~-> 00:43:01 |gave you the consequent crochet of this wick live in front of all of you, and I
334 |333 |00:43:01 ~-~-> 00:43:04 |gave you this area here where I I thought that that was a little too
335 |334 |00:43:04 ~-~-> 00:43:11 |smooth, and we were confirmed by the bodies up here, that inefficiency,
336 |335 |00:43:11 ~-~-> 00:43:17 |that's this entire range here. We don't need this the main takeaway, folks, we
337 |336 |00:43:17 ~-~-> 00:43:21 |don't need to see this low end of that inefficiency, that dotted line or dashed
338 |337 |00:43:21 ~-~-> 00:43:25 |line here, that's the low on that daily inefficiency. We don't need it to trade
339 |338 |00:43:25 ~-~-> 00:43:29 |all the way down there. I said that is a consequence. So we don't even need it to
340 |339 |00:43:29 ~-~-> 00:43:35 |trade down there. Why? Because this is a wick, so the damage is probably done.
341 |340 |00:43:36 ~-~-> 00:43:40 |And how can I still use this low consequent encroachment that just
342 |341 |00:43:40 ~-~-> 00:43:45 |happens to be the lowest tick on that candlestick. Where did I get that from?
343 |342 |00:43:45 ~-~-> 00:43:51 |Where did, where did, what book did I get that from? Right exactly. So when we
344 |343 |00:43:51 ~-~-> 00:43:54 |have this old high here, and it trades right back up into this candlesticks,
345 |344 |00:43:54 ~-~-> 00:43:58 |consequent approachment. In case you haven't noticed this yet, this could be
346 |345 |00:43:58 ~-~-> 00:44:04 |your model. You're looking for opposing premium and discount consequence on the
347 |346 |00:44:04 ~-~-> 00:44:10 |Wix. Oh, my goodness, that's very simple. That's easy, right? It's very
348 |347 |00:44:10 ~-~-> 00:44:15 |easy. Wait for a qualifying indication and signature and price action that the
349 |348 |00:44:15 ~-~-> 00:44:19 |price is respecting what the high end of that range of this inefficiency, if
350 |349 |00:44:19 ~-~-> 00:44:23 |you're still lost, if you're still lost, if you just started watching the stream,
351 |350 |00:44:23 ~-~-> 00:44:26 |you don't know what this is, I'll show to you before I close the stream again.
352 |351 |00:44:26 ~-~-> 00:44:31 |But here we have liquidity, and it's the midpoint or consequent crochet of this
353 |352 |00:44:31 ~-~-> 00:44:36 |wick I told you about watching. It trades above. It does two things. It
354 |353 |00:44:36 ~-~-> 00:44:41 |goes above short term high where there's going to be liquidity, and it goes right
355 |354 |00:44:41 ~-~-> 00:44:45 |to a point where the algorithm will refer back to what the price engine is
356 |355 |00:44:45 ~-~-> 00:44:51 |doing. So there's a there's this handshaking, okay, that's, that's
357 |356 |00:44:51 ~-~-> 00:44:58 |actually what the term is, where the algorithms that trade with the logic
358 |357 |00:44:58 ~-~-> 00:45:02 |that the price engine delivers price. Because when those two come together in
359 |358 |00:45:02 ~-~-> 00:45:08 |agreement, that's what causes these high frequency trading algorithms and price
360 |359 |00:45:08 ~-~-> 00:45:13 |engine to meet perfectly. That gives you that very low tick being what I told you
361 |360 |00:45:13 ~-~-> 00:45:19 |would look for. That's not random buying and selling pressure, because it's
362 |361 |00:45:19 ~-~-> 00:45:23 |programmed and coded to go to these predetermined price levels. Because, I
363 |362 |00:45:23 ~-~-> 00:45:26 |mean, I'm out here telling you in a live setting, this isn't pre recorded. I'm
364 |363 |00:45:26 ~-~-> 00:45:31 |pointing to very specific things, and you're watching them unfold live. It's
365 |364 |00:45:31 ~-~-> 00:45:36 |this logic that creates the buying and moving higher, and it's the selling that
366 |365 |00:45:36 ~-~-> 00:45:40 |moves from here and moves lower. It has nothing to do with how many contracts we
367 |366 |00:45:40 ~-~-> 00:45:43 |as a retail trader, or even institutional, big conglomerates,
368 |367 |00:45:43 ~-~-> 00:45:47 |they're not controlling price either. They still have to operate in that map,
369 |368 |00:45:48 ~-~-> 00:45:54 |just like a video game. We can only see price go beyond this measure, only if
370 |369 |00:45:54 ~-~-> 00:46:00 |there's manual intervention. So if you can do an observation with me here,
371 |370 |00:46:01 ~-~-> 00:46:04 |above the short term high trading into that one minute consequent encroachment
372 |371 |00:46:04 ~-~-> 00:46:10 |wick that's over here. And it's trading right there. It hits it. And then we're
373 |372 |00:46:10 ~-~-> 00:46:16 |looking for that constant approaching down here. They can go short here, then
374 |373 |00:46:16 ~-~-> 00:46:21 |it breaks down a 15 second chart now and then when it creates these volume
375 |374 |00:46:21 ~-~-> 00:46:25 |imbalances, which is what I'm telling you to look for in price action. Widen
376 |375 |00:46:25 ~-~-> 00:46:36 |up a little bit here. Wind it not narrow enough. All this is porous price action.
377 |376 |00:46:36 ~-~-> 00:46:39 |I'll explain that in a second. We're
378 |377 |00:46:47 ~-~-> 00:46:52 |this candle sticks close on this black, down closed candle. This candle here has
379 |378 |00:46:52 ~-~-> 00:46:55 |a little bit of a wick, but there's no bodies overlapping and touching between
380 |379 |00:46:55 ~-~-> 00:47:00 |the two. And then you have the very next candle here, this small little pocket of
381 |380 |00:47:00 ~-~-> 00:47:07 |inefficiency. It's just really porous. There's no There's no rhyme or reason as
382 |381 |00:47:07 ~-~-> 00:47:11 |to why you could look at that with any retail perspective and say this is
383 |382 |00:47:11 ~-~-> 00:47:15 |something that would constitute a buy or sell. But I'm telling you that that is
384 |383 |00:47:15 ~-~-> 00:47:19 |in need of patchwork. I've already let the cat out of the bag and last last
385 |384 |00:47:19 ~-~-> 00:47:23 |week stream, but this is called Patrick, where the price engine will come back up
386 |385 |00:47:23 ~-~-> 00:47:28 |and redeliver into that area, allowing for an efficient, not inefficient, and
387 |386 |00:47:28 ~-~-> 00:47:33 |inefficient delivery of price. So when the market trades in there, high
388 |387 |00:47:33 ~-~-> 00:47:39 |frequency trading algorithms will work with this area and fire in shorts,
389 |388 |00:47:39 ~-~-> 00:47:47 |shorts, shorts, shorts targeting this low, these smooth lows over here,
390 |389 |00:47:49 ~-~-> 00:47:56 |constant approaching that wick. Any expansion beyond that takes us down into
391 |390 |00:47:56 ~-~-> 00:48:01 |new day, opening gap on the 10th. But the algorithm only needs the high
392 |391 |00:48:01 ~-~-> 00:48:05 |frequency triggering algorithm only needs to see, okay, if I'm going to sell
393 |392 |00:48:05 ~-~-> 00:48:12 |short here, I'm going to add to it here. So going to short, add more, take
394 |393 |00:48:12 ~-~-> 00:48:19 |something off below here, delivers to the tick down to the Contin encroachment
395 |394 |00:48:19 ~-~-> 00:48:27 |of that width right there. You aren't going to get those levels of precision.
396 |395 |00:48:27 ~-~-> 00:48:32 |You're not going to get it, but they'll get it all day long. They'll get it all
397 |396 |00:48:32 ~-~-> 00:48:39 |day long, and they'll do it with less time than 15 seconds. It's just constant
398 |397 |00:48:39 ~-~-> 00:48:48 |firing. So there are time frames that are less than one minute that you can
399 |398 |00:48:48 ~-~-> 00:48:53 |visually see this occurring. And once you see it, once it's like today, what
400 |399 |00:48:53 ~-~-> 00:48:57 |I'm explaining to you today, you won't find that in anybody else's material.
401 |400 |00:48:57 ~-~-> 00:49:01 |You're not going to find it okay. They can call themselves a quant. They can
402 |401 |00:49:01 ~-~-> 00:49:06 |call themselves, you know, former institutional trader, former market
403 |402 |00:49:06 ~-~-> 00:49:11 |maker. This is all Greek to them. They have no idea what I'm explaining. But
404 |403 |00:49:11 ~-~-> 00:49:15 |here I am. I'm explaining exactly what's going to happen in the market on a 15
405 |404 |00:49:15 ~-~-> 00:49:20 |second chart to the tip. So we want to see if we can wipe out that low here,
406 |405 |00:49:20 ~-~-> 00:49:24 |because right now it's hanging around the consequent crochet this week and
407 |406 |00:49:24 ~-~-> 00:49:29 |spend too much time there, too much time. So let's see if it wants to
408 |407 |00:49:29 ~-~-> 00:49:33 |explore an outside run of that inefficiency while we're looking at it,
409 |408 |00:49:33 ~-~-> 00:49:38 |I'm going to show you what I'm referring to here again, for the folks that are
410 |409 |00:49:39 ~-~-> 00:49:43 |not really getting I'm talking about. If you look at your daily chart on the
411 |410 |00:49:43 ~-~-> 00:49:51 |NASDAQ, isn't it fun when you when you start seeing price like this, you're
412 |411 |00:49:51 ~-~-> 00:49:54 |never, ever, ever going to fear missing a move. You're never going to miss
413 |412 |00:49:54 ~-~-> 00:49:58 |you're never going to miss out on anything. Let's put it that way, because
414 |413 |00:49:59 ~-~-> 00:50:03 |there's always something. To do. There's always something to engage in. There's
415 |414 |00:50:04 ~-~-> 00:50:07 |always an opportunity. I'm sorry, zooming in without showing you what I
416 |415 |00:50:07 ~-~-> 00:50:13 |was pointing to. Okay, here this candlestick, this big one, this wick
417 |416 |00:50:13 ~-~-> 00:50:19 |that low, is right there. So what I'm doing is I'm I'm highlighting this
418 |417 |00:50:19 ~-~-> 00:50:23 |candlesticks low, and now I'm going to change it just a little bit in color so
419 |418 |00:50:23 ~-~-> 00:50:29 |that way you can see, over on the right hand side, see how it's different. Now
420 |419 |00:50:31 ~-~-> 00:50:34 |that's the high end of that range right there. When we were watching it live
421 |420 |00:50:34 ~-~-> 00:50:37 |together, I told you to watch this, or you see what the body's showing you.
422 |421 |00:50:38 ~-~-> 00:50:43 |What this is when I talk about price action and showing signatures. Okay,
423 |422 |00:50:43 ~-~-> 00:50:46 |this is where you write down stuff, folks. Okay, you screenshot this Caleb,
424 |423 |00:50:47 ~-~-> 00:50:52 |and you start putting down in your own words what I've said. And then you start
425 |424 |00:50:52 ~-~-> 00:50:59 |going into old charts, old moves, any time frame. The only benefit that these
426 |425 |00:50:59 ~-~-> 00:51:04 |sub one minute charts provide you is it's lots more opportunity to study, and
427 |426 |00:51:04 ~-~-> 00:51:11 |that equates to much more opportunities for the well rounded, not you know,
428 |427 |00:51:13 ~-~-> 00:51:17 |action junkie, to go out there and trade all the time. There's certain things you
429 |428 |00:51:17 ~-~-> 00:51:20 |still have to understand look for, but look very, very close. What do you see
430 |429 |00:51:20 ~-~-> 00:51:24 |in this swing high? What do you see? There's a couple things that's occurring
431 |430 |00:51:24 ~-~-> 00:51:26 |there, and I've already thought about these before, but I want you to think
432 |431 |00:51:26 ~-~-> 00:51:30 |about what's occurring there, and I'll tell you exactly what the signatures
433 |432 |00:51:30 ~-~-> 00:51:35 |are. But here is that range, and it's anchored to this, candlesticks low,
434 |433 |00:51:35 ~-~-> 00:51:39 |which is there, and then candlesticks high, here. So we're highlighting this
435 |434 |00:51:39 ~-~-> 00:51:44 |big black portion of this big downpost candle. Now we just expanded through see
436 |435 |00:51:44 ~-~-> 00:51:46 |that. Let's go down into one minute
437 |436 |00:51:51 ~-~-> 00:51:55 |chart. It's almost like I shouldn't know this stuff waiting for the knock of the
438 |437 |00:51:55 ~-~-> 00:52:05 |door, aren't you? Imagine being 20 years old and you're the only person that
439 |438 |00:52:05 ~-~-> 00:52:11 |knows it. Oh, see, these are the stories that make me want to turn you off. Good.
440 |439 |00:52:11 ~-~-> 00:52:16 |Turn me off. You won't learn it. So back to this level here. I want you to think
441 |440 |00:52:16 ~-~-> 00:52:23 |we'll go back to this in a second. The buy side's taken, drops down this little
442 |441 |00:52:23 ~-~-> 00:52:29 |area of porous price action. There isn't bodies laying over top. Okay, between
443 |442 |00:52:29 ~-~-> 00:52:34 |this candlestick here and this candlestick, these are two very broad
444 |443 |00:52:35 ~-~-> 00:52:39 |candlestick bodies in between them. We have this little indecisive candle that
445 |444 |00:52:39 ~-~-> 00:52:44 |Steve Nielsen would say it's some kind of silly pattern. No, all you have to do
446 |445 |00:52:44 ~-~-> 00:52:48 |is look at the body that started it here, and it encapsulates it here. So
447 |446 |00:52:48 ~-~-> 00:52:52 |that entire range, that's your volume of bounce. You will not draw it on that
448 |447 |00:52:52 ~-~-> 00:52:55 |candlestick body, because some of you thinking you just drew that wrong, and
449 |448 |00:52:55 ~-~-> 00:52:59 |you're typing up a comment. If you already send it on my previous posts,
450 |449 |00:52:59 ~-~-> 00:53:04 |just go delete that because you know what you're talking about. So this is a
451 |450 |00:53:04 ~-~-> 00:53:08 |real volume imbalance that's defined when you have an indecisive candle in
452 |451 |00:53:08 ~-~-> 00:53:12 |the middle of it. Okay, so that's another PD array. Oh, but it's all still
453 |452 |00:53:12 ~-~-> 00:53:14 |the same thing. Gaps are always fair value. Gaps are all the same. They're
454 |453 |00:53:14 ~-~-> 00:53:18 |not they actually do certain things differently, but you'll, you'll learn
455 |454 |00:53:18 ~-~-> 00:53:23 |about that as we go. You add to it here. You can take something off there, and
456 |455 |00:53:23 ~-~-> 00:53:27 |then we have a small little inefficiency as well between this candlestick here
457 |456 |00:53:27 ~-~-> 00:53:32 |and that candlestick there. The trade up into it. It's delivers trades lower and
458 |457 |00:53:32 ~-~-> 00:53:39 |trades right to the tick. And then later on, we watched it doing, where's it at
459 |458 |00:53:39 ~-~-> 00:53:44 |all this body working here at that midpoint of that wick, right there. I
460 |459 |00:53:44 ~-~-> 00:53:51 |know it's hard to see, make a little bit broader, there you go. Feels like you're
461 |460 |00:53:51 ~-~-> 00:53:54 |stealing, don't it, you're getting all this information for free. I can't
462 |461 |00:53:54 ~-~-> 00:54:00 |believe this guy's teaching all this stuff for free. It's because I don't
463 |462 |00:54:00 ~-~-> 00:54:06 |need your money, don't need courses, don't need your handouts. I don't need
464 |463 |00:54:06 ~-~-> 00:54:11 |your tips. I don't even need your thank yous. How about that? So if we look at
465 |464 |00:54:11 ~-~-> 00:54:12 |the 748
466 |465 |00:54:20 ~-~-> 00:54:27 |and there you go. So when you start seeing a wick like this, and it starts
467 |466 |00:54:27 ~-~-> 00:54:33 |building bodies around that, okay, any any short term premium array, while it's
468 |467 |00:54:33 ~-~-> 00:54:39 |creating this in here, you want to use that as a short. Or if you're already
469 |468 |00:54:39 ~-~-> 00:54:44 |short, you can add a very small, like, maybe toss in one more contract, also on
470 |469 |00:54:44 ~-~-> 00:54:49 |two contracts, if you're holding, like, 1520, contracts, just toss on a small
471 |470 |00:54:49 ~-~-> 00:54:53 |little just, just like, a kick it up a notch. Remember, like, got emerald gassy
472 |471 |00:54:53 ~-~-> 00:54:57 |just, he's a chef. Used to be on TV. Maybe he's still, I don't know, but he
473 |472 |00:54:57 ~-~-> 00:55:01 |would always, like, bam, and he would put the. The spice on there and kick it
474 |473 |00:55:01 ~-~-> 00:55:04 |up a notch. It just gives it a little bit more kick in the ass when you got it
475 |474 |00:55:04 ~-~-> 00:55:09 |right. Just one more little chef's kiss, because it's getting ready to take off,
476 |475 |00:55:09 ~-~-> 00:55:15 |basically. So when it's hanging around in here, what do you see? Don't worry,
477 |476 |00:55:15 ~-~-> 00:55:18 |we're going to come back to this. You're Oh, you didn't finish this. I know
478 |477 |00:55:18 ~-~-> 00:55:27 |exactly what I'm doing. Okay, over here. What do you see? Do you see this gap
479 |478 |00:55:27 ~-~-> 00:55:34 |here? Do you see the longest width? Here? You see that I
480 |479 |00:55:43 ~-~-> 00:55:51 |uh, 768.25 okay, extend that over. Hammers it with this little gap being
481 |480 |00:55:51 ~-~-> 00:55:54 |filled. So it's not just, let's fill this in. You got to look at that wick.
482 |481 |00:55:55 ~-~-> 00:55:58 |It's the longest one. So that means that's the one your eyes going to jump
483 |482 |00:56:00 ~-~-> 00:56:03 |to. How far can you go past that little gap? Consequent encroachment there?
484 |483 |00:56:03 ~-~-> 00:56:09 |Boom, it affords it. And then tank city crosses over, end dog and an expansion
485 |484 |00:56:09 ~-~-> 00:56:15 |even lower. This over here, when I was telling you, look right here, see what
486 |485 |00:56:15 ~-~-> 00:56:22 |the bodies are showing you, they're indicating that, yes, we went all the
487 |486 |00:56:22 ~-~-> 00:56:30 |way up to the tick. Oh, that end, dog. See that perfectly? And it's a high,
488 |487 |00:56:30 ~-~-> 00:56:35 |highest, high, lower, high. So you have a swing high in place. But look what
489 |488 |00:56:35 ~-~-> 00:56:42 |this wick is doing right there. What's it doing? It's only going half of this
490 |489 |00:56:42 ~-~-> 00:56:45 |previous week. It's exactly what I taught you to look for in this
491 |490 |00:56:45 ~-~-> 00:56:52 |mentorship, 2024, mentorship. I'm taking you behind the algorithm, pulling the
492 |491 |00:56:52 ~-~-> 00:56:56 |veil back, showing you things that nobody can show you it cannot tell you
493 |492 |00:56:56 ~-~-> 00:57:00 |the logic can't. I'm proven to you in front of you live. How can, how can it
494 |493 |00:57:00 ~-~-> 00:57:03 |be cherry picked in hindsight? How can, how do I have the luxury of being able
495 |494 |00:57:03 ~-~-> 00:57:13 |to do that? I don't. I'm out here on a tight wire with no net. 18,008 31.50
496 |495 |00:57:14 ~-~-> 00:57:21 |what's the high of that candle? 18,008 31.75 you get one tick variance. So to
497 |496 |00:57:21 ~-~-> 00:57:24 |get the high tick of that consequent encouragement, it has to deliver what
498 |497 |00:57:24 ~-~-> 00:57:30 |one tick above it is it making a run into the high of that same wick,
499 |498 |00:57:30 ~-~-> 00:57:36 |previous one touch of the end dog. No, when you see me doing the recordings,
500 |499 |00:57:36 ~-~-> 00:57:41 |and you've probably seen it in other videos where I've shown, uh, executions,
501 |500 |00:57:41 ~-~-> 00:57:45 |and they'll see where I'm going short and I'll add more to it right there. And
502 |501 |00:57:45 ~-~-> 00:57:48 |they're like, man, dude, like he's adding right there. I'd be afraid I was
503 |502 |00:57:48 ~-~-> 00:57:53 |getting stopped out. Why? If you understand these types of information is
504 |503 |00:57:53 ~-~-> 00:57:58 |in price. Why would you be fearful of it? You wouldn't be fearful of it if you
505 |504 |00:57:58 ~-~-> 00:58:05 |knew what I'm teaching and proving daily live streaming. It not hindsight, all
506 |505 |00:58:05 ~-~-> 00:58:08 |these things that I'm teaching. It's the same logic. It's not morphing into
507 |506 |00:58:08 ~-~-> 00:58:12 |anything different. I'm not form feeding. I'm not form fitting it for the
508 |507 |00:58:12 ~-~-> 00:58:16 |sake of having it for this example or that example. Go back and listen to the
509 |508 |00:58:16 ~-~-> 00:58:20 |lecture. If you take a note, you already know what I just talked about here. So
510 |509 |00:58:23 ~-~-> 00:58:30 |when we have eight and a half minutes and we're going to close it, I want to
511 |510 |00:58:30 ~-~-> 00:58:36 |keep these down to an hour or so, simply because even Caleb's tapping out saying
512 |511 |00:58:36 ~-~-> 00:58:40 |that is too much. I can't I can't watch it all. It's starting to mess up his
513 |512 |00:58:40 ~-~-> 00:58:43 |head because he thinks he has to keep up, just like someone you most of you
514 |513 |00:58:43 ~-~-> 00:58:47 |feel you gotta keep up. You don't have to keep up. You watch the content at
515 |514 |00:58:47 ~-~-> 00:58:50 |your own speed and your own pace. Don't feel like you gotta, you know,
516 |515 |00:58:50 ~-~-> 00:58:53 |constantly be in here every single day keeping up with the rest of everyone
517 |516 |00:58:53 ~-~-> 00:58:57 |else. It's maybe doing it live, because chances are, the people that are here
518 |517 |00:58:57 ~-~-> 00:59:00 |live, they're not even taking good notes. They're just in here trying to
519 |518 |00:59:00 ~-~-> 00:59:04 |wait for a setup or a signal be confirmed. Alright, so in this little
520 |519 |00:59:04 ~-~-> 00:59:09 |area, right in here, all right, see this little high, and we talked about that
521 |520 |00:59:09 ~-~-> 00:59:15 |wick there. You take this off, clean this up. Versus, there's no algorithm.
522 |521 |00:59:16 ~-~-> 00:59:23 |There's no algorithm, bro, if you look at this little I grab the fifth I need
523 |522 |00:59:23 ~-~-> 00:59:28 |to rectangle thing here.
524 |523 |00:59:37 ~-~-> 00:59:41 |Okay, so that's a small little gap right there, and I'm going to highlight it
525 |524 |00:59:45 ~-~-> 00:59:51 |there. So now that low, oh, this candlestick on that 15 second chart is
526 |525 |00:59:51 ~-~-> 00:59:58 |this candlesticks low here, that makes the high of that inefficiency this
527 |526 |00:59:58 ~-~-> 01:00:03 |candlesticks high makes. Low of that box, okay? And that's this candlestick
528 |527 |01:00:03 ~-~-> 01:00:07 |on the 15 second chart. So now watch what's happening here inside of this
529 |528 |01:00:07 ~-~-> 01:00:14 |inefficiency. If you were just looking at 15 second chart, you would think that
530 |529 |01:00:14 ~-~-> 01:00:24 |this to this is your gap, when it's the higher level over here with this wick
531 |530 |01:00:24 ~-~-> 01:00:28 |consequent encouragement, you gotta afford yourself the ability to trade
532 |531 |01:00:28 ~-~-> 01:00:32 |outside that. If you don't, if you don't start looking at price, and start
533 |532 |01:00:32 ~-~-> 01:00:36 |studying price like this and annotating them, and then go back and look at my
534 |533 |01:00:36 ~-~-> 01:00:40 |trade executions, you'll see why my stop is where it's at all time, where I'm
535 |534 |01:00:40 ~-~-> 01:00:45 |placing a stop, why it's always looking phenomenal and it gets close to it, and
536 |535 |01:00:45 ~-~-> 01:00:52 |you're all sweating. I'm using this logic. I'm looking at, how far can it
537 |536 |01:00:52 ~-~-> 01:00:58 |color outside the lines? Okay, how far can this wick go beyond that little,
538 |537 |01:00:58 ~-~-> 01:01:06 |tiny gap between this candle sticks low and that candlesticks high. If you don't
539 |538 |01:01:06 ~-~-> 01:01:09 |look for those types of things, you could be right about what it is that
540 |539 |01:01:09 ~-~-> 01:01:14 |you're learning from me. Know where it's going to go. Nail down a really good
541 |540 |01:01:14 ~-~-> 01:01:22 |entry, phenomenal entry, maybe even add to an existing position, but then you do
542 |541 |01:01:22 ~-~-> 01:01:27 |something ill advised, because you don't know the things I'm teaching today. This
543 |542 |01:01:27 ~-~-> 01:01:32 |is the very high end, top tier type level of teaching. If you understand
544 |543 |01:01:32 ~-~-> 01:01:36 |what's being presented here, you're never going to run short on entries or
545 |544 |01:01:36 ~-~-> 01:01:41 |trade setups, but more specifically, how you are going to manage your dynamic
546 |545 |01:01:41 ~-~-> 01:01:46 |risk. That means once a trade position is open, your stop loss has to start
547 |546 |01:01:46 ~-~-> 01:01:51 |reducing in its risk. That doesn't mean jam it up immediately to break even or
548 |547 |01:01:51 ~-~-> 01:01:55 |plus something. That's the problem. The problem in the industry is is you're all
549 |548 |01:01:55 ~-~-> 01:02:00 |trying to protect yourself from losing immediately. When you have to allow and
550 |549 |01:02:00 ~-~-> 01:02:08 |afford yourself risk. There has to be some comfort in assuming initial risk.
551 |550 |01:02:10 ~-~-> 01:02:16 |Trying to remove risk is a paramount thing in trading, yes, but it's usually
552 |551 |01:02:16 ~-~-> 01:02:21 |done so in the hands of the unlearned and the neophyte is they they quickly
553 |552 |01:02:21 ~-~-> 01:02:26 |want to get out of that pain, that pain area where, if it goes against me, I'm
554 |553 |01:02:26 ~-~-> 01:02:29 |going to lose. I don't want to I don't want to lose. I don't want to lose. You
555 |554 |01:02:29 ~-~-> 01:02:32 |got to give your trades time to develop a little bit and start running down
556 |555 |01:02:32 ~-~-> 01:02:37 |range. Once they get to 25% of what you think the profit target is. Then, if you
557 |556 |01:02:37 ~-~-> 01:02:40 |want to take it to break even and cover your cost of commissions, you're still
558 |557 |01:02:40 ~-~-> 01:02:43 |probably going to get stopped out sometimes, and it'll still probably run
559 |558 |01:02:44 ~-~-> 01:02:49 |in your direction. But that insight that paid premium education that you're
560 |559 |01:02:49 ~-~-> 01:02:52 |paying for by getting stopped out and not making all the money you thought
561 |560 |01:02:52 ~-~-> 01:02:55 |you're going to make on that transaction or that trade, the information you get
562 |561 |01:02:55 ~-~-> 01:03:01 |from it yields so much to lean upon in the future. But you're you're trying to
563 |562 |01:03:01 ~-~-> 01:03:05 |prevent that without knowing that. That's what you're doing. The things
564 |563 |01:03:05 ~-~-> 01:03:09 |that you have that are going to be your best footholds in your progress are the
565 |564 |01:03:09 ~-~-> 01:03:11 |things that you're never going to recognize because you're trying to do
566 |565 |01:03:11 ~-~-> 01:03:14 |things like, I need to get my stops to break even, or I don't want to use a
567 |566 |01:03:14 ~-~-> 01:03:17 |stop loss because I don't want to get stopped out because I don't know how to
568 |567 |01:03:17 ~-~-> 01:03:22 |use stop loss properly. That's what I'm teaching. I'm teaching that so that way
569 |568 |01:03:22 ~-~-> 01:03:26 |you should not be if anybody sends me charts, or if you, if you see them
570 |569 |01:03:26 ~-~-> 01:03:29 |sharing a chart online and they're showing a profit that's open and
571 |570 |01:03:29 ~-~-> 01:03:37 |running, but there is no stop loss, unfollow them or block them, because
572 |571 |01:03:37 ~-~-> 01:03:40 |what you're seeing is a clout chaser. That is the clearest indication that
573 |572 |01:03:40 ~-~-> 01:03:45 |that is a person that is chasing clout. They want you to focus on what they feel
574 |573 |01:03:45 ~-~-> 01:03:48 |in that chart or that picture. Look at the numbers I'm showing here. What
575 |574 |01:03:48 ~-~-> 01:03:52 |you're showing me with 32 years of doing this is you don't know how to trade, and
576 |575 |01:03:52 ~-~-> 01:03:56 |you finally got something lucky, and you don't want to, you don't want to put a
577 |576 |01:03:56 ~-~-> 01:03:59 |stop loss on there between the time you've taken the picture of it, because
578 |577 |01:03:59 ~-~-> 01:04:02 |it might spike down because you have need rational fear, because you want to
579 |578 |01:04:03 ~-~-> 01:04:06 |hold on to it. Hopefully it moves a little bit more. You can go online, say,
580 |579 |01:04:06 ~-~-> 01:04:12 |but look at this trade. ICT, but there's no stop loss. So you're you're a moron,
581 |580 |01:04:12 ~-~-> 01:04:16 |you're an idiot. Okay, you're trying to sell the image to people that don't know
582 |581 |01:04:16 ~-~-> 01:04:20 |any better, but I knew better, and people even you know less than
583 |582 |01:04:20 ~-~-> 01:04:24 |experience and I do that make real money. They can look at this stuff like
584 |583 |01:04:24 ~-~-> 01:04:28 |that and say, This is nonsense, but that's what gets everybody's attention
585 |584 |01:04:28 ~-~-> 01:04:31 |online. They don't want to sit into a lecture like this, where I'm literally
586 |585 |01:04:31 ~-~-> 01:04:35 |telling you the science behind why the market will go, to where it's going to
587 |586 |01:04:35 ~-~-> 01:04:39 |go, how far it will go. And then when you take that logic, you start framing
588 |587 |01:04:39 ~-~-> 01:04:43 |it around. Okay, well, what happens if I start having a real bias for the session
589 |588 |01:04:43 ~-~-> 01:04:48 |or for the day, how, how might that impact my trading, and how can I use
590 |589 |01:04:48 ~-~-> 01:04:54 |this to benefit my stoplight stop loss management, my stop loss placement? How
591 |590 |01:04:54 ~-~-> 01:04:59 |can I afford new pyramid entries if I'm on side, if the trade's really paying
592 |591 |01:04:59 ~-~-> 01:05:02 |out my favorite I have a. Whole lot more room for the trade to go in my favor.
593 |592 |01:05:02 ~-~-> 01:05:07 |And I'm not past the 50% threshold of whatever. I think that target is. Say
594 |593 |01:05:07 ~-~-> 01:05:10 |it's 100 100 handles that you're holding. For some of you might be
595 |594 |01:05:10 ~-~-> 01:05:15 |thinking yourself, dude, that's that's so outside my my realm of potential. I'm
596 |595 |01:05:15 ~-~-> 01:05:18 |sure Tanya trades probably thought that initially when, when she first started
597 |596 |01:05:18 ~-~-> 01:05:22 |learning how to do this, but she's pulling down 100 plus handles right in
598 |597 |01:05:22 ~-~-> 01:05:27 |front of all of you on her live streams. So and she's a woman, not that's a
599 |598 |01:05:27 ~-~-> 01:05:32 |discounted opinion. That's actually me lifting it up. I'm trying to tell you,
600 |599 |01:05:32 ~-~-> 01:05:35 |young men, that you're trying to do things through the perspective of an
601 |600 |01:05:35 ~-~-> 01:05:41 |ego, and you're preventing yourself from growing progressively and modularly, and
602 |601 |01:05:41 ~-~-> 01:05:46 |letting these things that are going to occur naturally, that's going to give
603 |602 |01:05:46 ~-~-> 01:05:49 |you more insight about yourself, and it's going to reveal opportunities. What
604 |603 |01:05:49 ~-~-> 01:05:56 |do you need work on? How can you know what that is until you fail at it? How?
605 |604 |01:05:56 ~-~-> 01:06:03 |How can you I got one minute left? How can you make yourself improve. If you're
606 |605 |01:06:03 ~-~-> 01:06:07 |not having adversity like weight training, you can't get bigger muscles
607 |606 |01:06:07 ~-~-> 01:06:11 |and stronger muscles unless you have resistance. But you want no resistance
608 |607 |01:06:11 ~-~-> 01:06:15 |in your trading. You want no resistance whatsoever. That's not That's not the
609 |608 |01:06:15 ~-~-> 01:06:19 |equivalent of low resistance liquidity. You still have resistance in your trade.
610 |609 |01:06:19 ~-~-> 01:06:22 |It's not going a straight line. The best, best conditions in trading are
611 |610 |01:06:22 ~-~-> 01:06:25 |trading in low resistance liquidity runs. But that doesn't mean it's not
612 |611 |01:06:25 ~-~-> 01:06:29 |stopping and pausing and creating new opportunities to add more. It just means
613 |612 |01:06:29 ~-~-> 01:06:35 |that that's the cleanest price run. Some of you want to take the furthest extreme
614 |613 |01:06:35 ~-~-> 01:06:38 |and make it that's the only way you you're going to be able to do it, or
615 |614 |01:06:38 ~-~-> 01:06:41 |you're not going to be satisfied, and it has to happen immediately, or it's all
616 |615 |01:06:41 ~-~-> 01:06:47 |scam. It's a frog. And you just have two high expectations and two short time
617 |616 |01:06:48 ~-~-> 01:06:54 |horizon goals, and they're in your way. They are in your way. And you, you came
618 |617 |01:06:54 ~-~-> 01:06:59 |up with those ideas. Nobody else gave them to you. So this inefficiency in
619 |618 |01:06:59 ~-~-> 01:07:04 |here, this one single can on the 15 second chart. You think that it might
620 |619 |01:07:04 ~-~-> 01:07:10 |need to come all the way back up to here for your entry. The low end of this
621 |620 |01:07:10 ~-~-> 01:07:15 |rectangle here, which is this one right there on that this candle sticks high on
622 |621 |01:07:15 ~-~-> 01:07:20 |the one minute that right there, that's where the entry would be. But your stop
623 |622 |01:07:20 ~-~-> 01:07:24 |has to take into account that that wick over here, it can trade up to its
624 |623 |01:07:24 ~-~-> 01:07:31 |constant encroachment. Now think, if that's occurring, what else do you have
625 |624 |01:07:31 ~-~-> 01:07:35 |to factor in the fact that this is an up close candle amongst down closed
626 |625 |01:07:35 ~-~-> 01:07:41 |candles. So that is what bearish order block. So your stop has to do what refer
627 |626 |01:07:41 ~-~-> 01:07:45 |to that opening price, because that's a change in the state of delivery, in this
628 |627 |01:07:45 ~-~-> 01:07:52 |price. Run here, that right there, that opening price, your stop has to have at
629 |628 |01:07:52 ~-~-> 01:07:56 |least that in terms of where it needs to be placed, but that's it. That's a
630 |629 |01:07:56 ~-~-> 01:07:59 |really big stop loss. No, it's not. I mean, it's a lot, if you're trying to do
631 |630 |01:07:59 ~-~-> 01:08:04 |30 contracts on your funded account because they said you can trade it. I
632 |631 |01:08:04 ~-~-> 01:08:07 |mean, I don't know. Is there even a fund account company that allows you do that
633 |632 |01:08:07 ~-~-> 01:08:13 |many contracts? I don't know. It's suicide, if that's if that's the truth,
634 |633 |01:08:13 ~-~-> 01:08:18 |tell me. So your stop loss would have to be one tick above that, and that's above
635 |634 |01:08:19 ~-~-> 01:08:24 |this inefficiency. See that it trades up now, as soon as this candlestick closes
636 |635 |01:08:24 ~-~-> 01:08:28 |and we open, start trading down, you would be watching and saying, Okay, I
637 |636 |01:08:28 ~-~-> 01:08:32 |have confirmation that the body didn't even close at the high end of this
638 |637 |01:08:32 ~-~-> 01:08:37 |inefficiency, but it traded just a little bit outside of that one. That
639 |638 |01:08:37 ~-~-> 01:08:41 |makes this a mohawk. All all this price action. Here is a mohawk. We know that
640 |639 |01:08:41 ~-~-> 01:08:46 |when this candlestick starts delivering like that, and any little retracement in
641 |640 |01:08:46 ~-~-> 01:08:50 |here, what are we looking for? We want to see the middle of this inefficiency,
642 |641 |01:08:51 ~-~-> 01:08:54 |hold it at bay. It should not go any higher than that, because it's already
643 |642 |01:08:54 ~-~-> 01:08:58 |done what it's done, the work of going into the upper half of it. So we'll take
644 |643 |01:08:58 ~-~-> 01:09:03 |this one off. Say what I have to say that, and then we'll close today. Look
645 |644 |01:09:03 ~-~-> 01:09:08 |what it's doing. It trades to it. Look at the bodies. Is it indicating that it
646 |645 |01:09:08 ~-~-> 01:09:12 |wants to go in the upper half of it? No, the bodies are telling you. They're
647 |646 |01:09:12 ~-~-> 01:09:15 |literally telling you that we've already done the work here, and because I told
648 |647 |01:09:15 ~-~-> 01:09:20 |you over here, it's spending too much time right there. And watch and see if
649 |648 |01:09:20 ~-~-> 01:09:23 |we don't get a flush down into New Day opening gap and expand and expand lower.
650 |649 |01:09:23 ~-~-> 01:09:29 |Did it? Do it? Did you hear me talking about going higher? Was it a buy? Was it
651 |650 |01:09:29 ~-~-> 01:09:32 |something like a turtle soup long? Something like that? No.
652 |651 |01:09:33 ~-~-> 01:09:38 |Like this is on side. LLC, here. Okay, that's a that's what this is. This is
653 |652 |01:09:38 ~-~-> 01:09:42 |the cult of winning. Okay, you want to be a cult member. Okay, all you gotta do
654 |653 |01:09:42 ~-~-> 01:09:46 |is show up be a proud member of the people that know what the fuck is going
655 |654 |01:09:46 ~-~-> 01:09:51 |on around here. So that upper portion right there should not be traded to
656 |655 |01:09:51 ~-~-> 01:09:56 |because it's already been delivered there. At the same time, we're
657 |656 |01:09:56 ~-~-> 01:10:00 |consolidating and building blocky price action with these bodies. These right at
658 |657 |01:10:00 ~-~-> 01:10:05 |the conchment. Let me tell you something. Okay, there is never going to
659 |658 |01:10:05 ~-~-> 01:10:10 |be a time. There's very few things that are absolute in trading and technical
660 |659 |01:10:10 ~-~-> 01:10:14 |analysis, okay, but we don't do technical analysis. Do technical science
661 |660 |01:10:16 ~-~-> 01:10:22 |a consequent encroachment of a wick, okay? When it has everything leaning
662 |661 |01:10:22 ~-~-> 01:10:26 |that it's likely to go lower. If it starts building bodies of the
663 |662 |01:10:26 ~-~-> 01:10:33 |candlesticks around that consequent encroachment, it's going to go lower. So
664 |663 |01:10:33 ~-~-> 01:10:40 |if you've missed a price run, you missed it. Okay, well, okay, that's no problem.
665 |664 |01:10:40 ~-~-> 01:10:44 |This candlestick, you know the fact that it runs into this premium array
666 |665 |01:10:45 ~-~-> 01:10:49 |consequent encroachment. Use the order block as your stop placement. That's
667 |666 |01:10:49 ~-~-> 01:10:53 |your high end. You got to be able to frame a trade that's small enough that
668 |667 |01:10:53 ~-~-> 01:10:57 |that won't hurt you if you get stopped out, but it's big enough for you to care
669 |668 |01:10:57 ~-~-> 01:11:02 |about the trade. That's the that's the balancing point. Do you care about what
670 |669 |01:11:02 ~-~-> 01:11:05 |you're making and losing in the trade? Because if you don't, you're not trading
671 |670 |01:11:05 ~-~-> 01:11:07 |large enough. But if you're trading so large that every little tiny
672 |671 |01:11:07 ~-~-> 01:11:10 |fluctuation, or the moment you put the trade on, you're in panic, you're
673 |672 |01:11:10 ~-~-> 01:11:14 |trading too high leverage. So you need to find out what that is, and the only
674 |673 |01:11:14 ~-~-> 01:11:17 |way you can do that is start trading with micros. Just get good at doing
675 |674 |01:11:17 ~-~-> 01:11:20 |that, because you're going to find that even that is going to be like a very
676 |675 |01:11:20 ~-~-> 01:11:23 |hard thing to go through. You're gonna be stressed out because you're the
677 |676 |01:11:23 ~-~-> 01:11:28 |outcome is monetized, even if it's for peanuts, little bit a little bit of
678 |677 |01:11:28 ~-~-> 01:11:32 |money, the fact that you're making or losing it's gonna when you make 20 bucks
679 |678 |01:11:32 ~-~-> 01:11:39 |in that you just be like, Yes, oh yeah, where's my stage. Everybody's recognized
680 |679 |01:11:39 ~-~-> 01:11:47 |me. Look at me. 20 bucks, baby, 20 bucks. How about it? But if you lose 10,
681 |680 |01:11:48 ~-~-> 01:11:52 |it feels like you've lost your wife. It just took something from you. You're
682 |681 |01:11:52 ~-~-> 01:11:58 |missing your first form. See, your mind thinks this way because you have been
683 |682 |01:11:58 ~-~-> 01:12:02 |learning your entire life to look at things like that, you're always a
684 |683 |01:12:02 ~-~-> 01:12:06 |victim, but you're owed everything too. You need to change that. You don't have
685 |684 |01:12:06 ~-~-> 01:12:09 |it because you don't go after it, and you don't know it because you haven't
686 |685 |01:12:09 ~-~-> 01:12:12 |studied it, and you don't have any excuses. There's somebody right here
687 |686 |01:12:12 ~-~-> 01:12:15 |talking to it, and it's exactly what's going on, and you're not having to pay
688 |687 |01:12:16 ~-~-> 01:12:20 |for it. So when you go through your charts, Caleb, today, you're gonna have
689 |688 |01:12:20 ~-~-> 01:12:28 |to use mine, but the the elements that price delivers, like this whip that way
690 |689 |01:12:28 ~-~-> 01:12:35 |you can get a good screenshot. Okay, that right there. That's this wick up
691 |690 |01:12:35 ~-~-> 01:12:42 |here on the one minute chart, and then all the way down here. That's here.
692 |691 |01:12:42 ~-~-> 01:12:48 |Okay, so one of the other exercises, whenever you have a fair value gap on a
693 |692 |01:12:48 ~-~-> 01:12:50 |higher time when you do this at any time frame, don't think that what I'm about
694 |693 |01:12:50 ~-~-> 01:12:56 |say only applies to a daily chart. But if you have any inefficiency, any
695 |694 |01:12:56 ~-~-> 01:13:01 |inefficiency, think about what I'm saying. If you run standard deviations
696 |695 |01:13:01 ~-~-> 01:13:08 |on that. That means, if you use measure, move concepts where this range high down
697 |696 |01:13:08 ~-~-> 01:13:13 |to that low, if you take that range and you replicate it and move it lower, in
698 |697 |01:13:14 ~-~-> 01:13:18 |order to do something like this, I promise this is last thing I'm saying. I
699 |698 |01:13:18 ~-~-> 01:13:20 |have to get off here, because I'm already wanting to talk about a whole
700 |699 |01:13:20 ~-~-> 01:13:25 |lot more stuff. My son's probably gonna be looking at the video time and be
701 |700 |01:13:25 ~-~-> 01:13:31 |like, see, you can't even I can't help it. I loved it. I'd love this, and you'd
702 |701 |01:13:31 ~-~-> 01:13:35 |love the fact that I love it. Okay, so anyway, here is one standard deviation
703 |702 |01:13:35 ~-~-> 01:13:38 |lower. So it's reasonable to expect it to move at least that much. But what
704 |703 |01:13:38 ~-~-> 01:13:41 |happens if it wants to go just a little bit further. What's that teaching
705 |704 |01:13:42 ~-~-> 01:13:45 |whenever you have a range, or dealing range, and you want to see how far it
706 |705 |01:13:45 ~-~-> 01:13:49 |can run for external range, liquidity, what's the easiest little, tiny, little
707 |706 |01:13:49 ~-~-> 01:13:52 |thing that you can change in your Fibonacci to get that level real quick?
708 |707 |01:13:52 ~-~-> 01:13:56 |What is it? I can't hear you say it louder. The guy in the back, in the
709 |708 |01:13:56 ~-~-> 01:14:02 |right hand side, what was that? 1.25 right. You are right, sir, you are
710 |709 |01:14:02 ~-~-> 01:14:09 |right. Damn. He read my mind. Go over to the 1.5 level and just add a two to
711 |710 |01:14:09 ~-~-> 01:14:16 |that, okay. And then Okay, right there. That is a beautiful area to anticipate,
712 |711 |01:14:16 ~-~-> 01:14:20 |external range beyond the scope of this is a measured move. You get that right
713 |712 |01:14:20 ~-~-> 01:14:24 |there. You're content. You're done. Don't worry about chasing anything else.
714 |713 |01:14:24 ~-~-> 01:14:28 |If you're trying to be a session trader, we're going into lunch hours. Just
715 |714 |01:14:28 ~-~-> 01:14:35 |relax. You would have made more points, more handles, more ticks than any other
716 |715 |01:14:35 ~-~-> 01:14:41 |YouTuber out there. It would just simply been an outclassed just total
717 |716 |01:14:41 ~-~-> 01:14:52 |decimation. Trading with this down to the wick over here, getting that move
718 |717 |01:14:52 ~-~-> 01:14:55 |right to the tick that right there would have been a superstar move for you, like
719 |718 |01:14:55 ~-~-> 01:15:00 |you would, it would supercharge you. And then, like, Man, I saw that coming. But
720 |719 |01:15:00 ~-~-> 01:15:09 |now the problem lies in here. If you use that midpoint of that wick over here,
721 |720 |01:15:09 ~-~-> 01:15:14 |that's that constant encroachment. If we would have used that price with your
722 |721 |01:15:14 ~-~-> 01:15:16 |limit, you never would have been filled. So then you would have had the the
723 |722 |01:15:16 ~-~-> 01:15:22 |conundrum of being right and perfect where price is going to go, but you
724 |723 |01:15:22 ~-~-> 01:15:27 |can't get out of your trade. So you have to do what. You have to fluff up and
725 |724 |01:15:27 ~-~-> 01:15:34 |afford yourself the flexibility to be slightly off with your exits. And that's
726 |725 |01:15:34 ~-~-> 01:15:39 |always been my problem. For the last 30 years, I have not mastered the element
727 |726 |01:15:39 ~-~-> 01:15:44 |of being content with my exits. I'm never content with them, because there's
728 |727 |01:15:44 ~-~-> 01:15:48 |always opportunity to improve on them. And I'm always, always tinkering with
729 |728 |01:15:48 ~-~-> 01:15:53 |that aspect of my trading entries. I have enough stop placement. I have
730 |729 |01:15:53 ~-~-> 01:15:57 |perfect logic when it comes to that. I have no problems with knowing when to
731 |730 |01:15:57 ~-~-> 01:15:59 |add to a trading position. I have no problem with pyramiding. I have no
732 |731 |01:15:59 ~-~-> 01:16:04 |problem taking out partials. My problem is, is my terminus, my weaknesses, inner
733 |732 |01:16:04 ~-~-> 01:16:10 |circle trader. The trader is where my targets are satisfying my pursuit of
734 |733 |01:16:10 ~-~-> 01:16:14 |perfection. And this is a problem for me, because I'm slightly obsessively
735 |734 |01:16:14 ~-~-> 01:16:21 |compulsive, and I want to get perfect exits. But I know common sense will tell
736 |735 |01:16:21 ~-~-> 01:16:25 |you, too that it's not reasonable to anticipate and expect that you would
737 |736 |01:16:25 ~-~-> 01:16:29 |have perfect exits. So if you can have rules that deliver on the basis of
738 |737 |01:16:29 ~-~-> 01:16:35 |things I'm teaching here today, if you don't catch the last 15 to 20 handles,
739 |738 |01:16:35 ~-~-> 01:16:39 |is it going to be Earth chatting when you've made hundreds of handles in the
740 |739 |01:16:39 ~-~-> 01:16:45 |move going lower, it shouldn't. So don't fall on the same mindset that I had,
741 |740 |01:16:45 ~-~-> 01:16:49 |that that is not good enough, because it is. It's absolutely Olympic feet level,
742 |741 |01:16:49 ~-~-> 01:16:55 |like it's gold medal winning. But because I have trained myself to think
743 |742 |01:16:55 ~-~-> 01:16:59 |that it isn't, and journaled early on all wrong, telling myself I should be
744 |743 |01:16:59 ~-~-> 01:17:02 |better than this. I should be able to do that better. I should be able to know
745 |744 |01:17:02 ~-~-> 01:17:06 |this by this time, I did all the things I'm telling you not to do in your
746 |745 |01:17:06 ~-~-> 01:17:10 |journal, and it creates scar tissue. And I wrestle with these things. I remember
747 |746 |01:17:10 ~-~-> 01:17:13 |trades from 30 years ago. When I get into certain market conditions, I'm
748 |747 |01:17:13 ~-~-> 01:17:17 |like, I remember the last time I did this, and it It recalls something
749 |748 |01:17:17 ~-~-> 01:17:21 |negative. And then while the trades going, I'm fighting to forget about
750 |749 |01:17:21 ~-~-> 01:17:26 |that, because I have scar tissue, so it's harder for me to wrestle through
751 |750 |01:17:26 ~-~-> 01:17:29 |some kinds of trades, because I have hurt myself in the past as a young man.
752 |751 |01:17:30 ~-~-> 01:17:35 |So for the folks that are trying not to do what I'm teaching correctly, you're
753 |752 |01:17:35 ~-~-> 01:17:39 |inviting that same problem, and it's very hard to deal with it, especially if
754 |753 |01:17:39 ~-~-> 01:17:45 |you start trading with size, you start having real big positions on it. Just it
755 |754 |01:17:45 ~-~-> 01:17:48 |exponentially increases the level of stress that you have to, you know,
756 |755 |01:17:48 ~-~-> 01:17:53 |wrestle with, and that's the business. So anyway, that's today's lecture.
757 |756 |01:17:53 ~-~-> 01:17:56 |That's what we got for you today. Hopefully you found it insightful.
758 |757 |01:17:56 ~-~-> 01:18:02 |Hopefully you learned something today. Study this little area in here I talked
759 |758 |01:18:02 ~-~-> 01:18:05 |about on the record trading hours. It's right now it's showing on electronic
760 |759 |01:18:05 ~-~-> 01:18:09 |trading hours. And let me get one more shot for this area here, right there.
761 |760 |01:18:09 ~-~-> 01:18:11 |Caleb, you see that little pocket of price action? That's what we were
762 |761 |01:18:11 ~-~-> 01:18:15 |watching, that becomes a balanced price range once it leaves it and the bodies
763 |762 |01:18:15 ~-~-> 01:18:20 |were respecting it there, right there. And then everything starts going lower.
764 |763 |01:18:21 ~-~-> 01:18:26 |So that's a that's it. I got nothing else for you. I have lots more. But I
765 |764 |01:18:26 ~-~-> 01:18:30 |found get off here. I'm famed and I haven't I didn't go live stream
766 |765 |01:18:30 ~-~-> 01:18:33 |yesterday. Can you tell I'm going through withdrawal? But anyway, I'll
767 |766 |01:18:33 ~-~-> 01:18:39 |talk to you guys tomorrow. Lord willing, I will try my best to schedule a lending
768 |767 |01:18:39 ~-~-> 01:18:44 |session. I had personal things that I take care of yesterday that prevented
769 |768 |01:18:44 ~-~-> 01:18:48 |it. So it's not the product of wanting to do it. It's just I take care of that.
770 |769 |01:18:48 ~-~-> 01:18:53 |So that's behind me. So we'll figure out what we can do either tonight or
771 |770 |01:18:54 ~-~-> 01:18:58 |Thursday and Friday morning, and then we'll see what we got for for that. Just
772 |771 |01:18:58 ~-~-> 01:19:04 |know that we'll be talking about forex, but it's just going to be in addition to
773 |772 |01:19:04 ~-~-> 01:19:08 |what I'm talking about with futures. So it'll be, I'll pull up some charts,
774 |773 |01:19:08 ~-~-> 01:19:14 |POUND DOLLAR, the dollar index and Euro dollar, and I'll ring in some insights
775 |774 |01:19:14 ~-~-> 01:19:18 |about those markets. But we're still primarily talking about the index
776 |775 |01:19:18 ~-~-> 01:19:22 |futures, so don't think that it's going to be an entire session of just Forex
777 |776 |01:19:22 ~-~-> 01:19:26 |related information. It's just me bringing in information on London as it
778 |777 |01:19:26 ~-~-> 01:19:29 |relates to those markets. Okay, so until I'll talk to you tomorrow, Lord willing
779 |778 |01:19:30 ~-~-> 01:19:30 |be safe. Do.