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Last modified by Drunk Monkey on 2024-09-25 09:32
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2 |1 |00:01:40 ~-~-> 00:01:49 |ICT: That is good Morning. It is a good morning. See here. Hope I can hear
3 |2 |00:01:49 ~-~-> 00:01:52 |myself. Yep, I hear the old man.
4 |3 |00:01:58 ~-~-> 00:02:05 |Okay? Welcome, welcome, welcome. So if you turn your attention to the chart on
5 |4 |00:02:05 ~-~-> 00:02:09 |left hand side, that is the five minute chart. It's set to regular trading
6 |5 |00:02:09 ~-~-> 00:02:15 |hours, so that way I can adjust where we get our first opening price. I'll just
7 |6 |00:02:15 ~-~-> 00:02:22 |drag this up here down to it. And this is a 15 second chart, and this black
8 |7 |00:02:22 ~-~-> 00:02:25 |line in here says the previous settlement price, or where we stopped
9 |8 |00:02:25 ~-~-> 00:02:38 |trading yesterday, before 14 or 15 PM. And there we go. So here is our opening
10 |9 |00:02:38 ~-~-> 00:02:47 |range, gap high so now you guys know the protocol. First 30 minutes, we're
11 |10 |00:02:47 ~-~-> 00:02:53 |looking for half the gap to fill. And here is essentially done so and the gap
12 |11 |00:02:53 ~-~-> 00:02:57 |is real close to being filled already, and it's also inside of the new day
13 |12 |00:02:57 ~-~-> 00:03:05 |opening gap. So it's a little lackluster in terms of what you might expect for,
14 |13 |00:03:06 ~-~-> 00:03:14 |for big volatility. So it's really, really next to little unchanged, in my
15 |14 |00:03:14 ~-~-> 00:03:14 |opinion.
16 |15 |00:03:20 ~-~-> 00:03:26 |So remember, I was teaching you about how big the opening range gap is, and
17 |16 |00:03:26 ~-~-> 00:03:31 |what information you get from that. There isn't a large opening range gap
18 |17 |00:03:31 ~-~-> 00:03:36 |today. It was a premium gap. So now we're below it. So you want to turn your
19 |18 |00:03:36 ~-~-> 00:03:39 |attention to and you can notice the difference between where we opened out
20 |19 |00:03:39 ~-~-> 00:03:42 |here on the record training hours. I was the point of showing that I point of
21 |20 |00:03:42 ~-~-> 00:03:52 |showing that now we're below it. So you want to see, do we have any respect
22 |21 |00:03:56 ~-~-> 00:04:02 |inside this area here? It's also the consequent encroachment of the new
23 |22 |00:04:02 ~-~-> 00:04:05 |dividend gap for today. So September, 12, new opening gap. Now
24 |23 |00:04:18 ~-~-> 00:04:22 |there's a little bit of a asset balance cell sign efficiency on the hourly
25 |24 |00:04:22 ~-~-> 00:04:26 |chart. I'll take you over to that.
26 |25 |00:04:34 ~-~-> 00:04:40 |See we're at in here. So that is something that might be a catalyst for
27 |26 |00:04:40 ~-~-> 00:04:46 |us to then try to seek more of a premium, or try to explore the upper end
28 |27 |00:04:46 ~-~-> 00:05:00 |of that opening range, gap quadrants on that cell sign, efficiency. I. I like
29 |28 |00:05:00 ~-~-> 00:05:07 |the fact that we opened and trade lower, because it's punishing those individuals
30 |29 |00:05:07 ~-~-> 00:05:13 |that want to chase the rally that was yesterday, and it's like very classic
31 |30 |00:05:13 ~-~-> 00:05:20 |market making. So you see, we did trade in the upper quadrant of that five
32 |31 |00:05:20 ~-~-> 00:05:26 |minute chart over here. So now we have a minor buy side here at the end of for
33 |32 |00:05:26 ~-~-> 00:05:32 |today, at the low the previous settlement price here, and then we have
34 |33 |00:05:32 ~-~-> 00:05:38 |the opening range gap itself here. So I want to see if we can dig up into that
35 |34 |00:05:38 ~-~-> 00:05:41 |we have minor Buy side sitting right up here at these highs. I'm
36 |35 |00:06:00 ~-~-> 00:06:10 |it looks like they're about to take those individuals out.
37 |36 |00:06:18 ~-~-> 00:06:23 |See how we worked from dropping lower into that five minute buy side balance
38 |37 |00:06:23 ~-~-> 00:06:27 |outside efficiency, which upsets this liquidity right here. And I was talking
39 |38 |00:06:27 ~-~-> 00:06:31 |about, they're on Twitter. I was on there last couple days, Shannon, the
40 |39 |00:06:31 ~-~-> 00:06:36 |flames, hanging out with the boys. There's that liner by side sweat there.
41 |40 |00:06:36 ~-~-> 00:06:42 |So it's almost like, you know, we're going around here, the the lower run
42 |41 |00:06:42 ~-~-> 00:06:46 |into the spots on a balance cell sign in efficiency. If it's bullish, remember
43 |42 |00:06:46 ~-~-> 00:06:50 |what else? What I've been teaching the 2024 mentorship. When there's an
44 |43 |00:06:50 ~-~-> 00:06:55 |inefficiency, we are not looking for a complete overlap of that single
45 |44 |00:06:55 ~-~-> 00:06:59 |candlestick that makes the inefficiency. We want to see sensitivity in the upper
46 |45 |00:06:59 ~-~-> 00:07:04 |half of it. You can see that actually happening here, and then digging up into
47 |46 |00:07:06 ~-~-> 00:07:10 |open trading down to the top of that open range gap, the high of it, and then
48 |47 |00:07:10 ~-~-> 00:07:14 |rallying. So I'm going to turn our attention to exploring a little bit
49 |48 |00:07:14 ~-~-> 00:07:23 |higher up, and ourselves here four.
50 |49 |00:07:30 ~-~-> 00:07:34 |Okay, you see how we just drop down into the high that opening range gap. Again,
51 |50 |00:07:38 ~-~-> 00:07:44 |there's a small inefficiency in there as well. So allow it to get into that and
52 |51 |00:07:44 ~-~-> 00:07:46 |see what it wants to do with that information.
53 |52 |00:07:55 ~-~-> 00:08:04 |So for a model, you can use the one as outlined over here. Narrative I shared
54 |53 |00:08:04 ~-~-> 00:08:10 |on this morning. I want to see it drop down. It dropped down into a discount
55 |54 |00:08:10 ~-~-> 00:08:16 |array, which is this buy side and balance outside efficiency. Frame it
56 |55 |00:08:16 ~-~-> 00:08:21 |with this candle is low. This candle is high. Upper half of that is where the
57 |56 |00:08:21 ~-~-> 00:08:25 |sensitivity is going to be. Means if it's going to be bullish, that's where
58 |57 |00:08:25 ~-~-> 00:08:35 |you want to find the setup or trace down into it here, then aimed for the opening
59 |58 |00:08:35 ~-~-> 00:08:39 |range gap high. That would be a very, very low hanging fruit objective, if you
60 |59 |00:08:39 ~-~-> 00:08:43 |were trying to use this is an area that go along for that. And then a binder, a
61 |60 |00:08:43 ~-~-> 00:08:50 |minor buy side, liquidity was the next one. So so far, we have dropped
62 |61 |00:08:50 ~-~-> 00:08:58 |initially right from the opening bell. Opening bell is 930 and again, this,
63 |62 |00:08:58 ~-~-> 00:09:04 |this chart here. Don't get confused. It's a 15 second chart on the right hand
64 |63 |00:09:04 ~-~-> 00:09:09 |side, and 30 minute open prices here, 930 rather you.
65 |64 |00:09:20 ~-~-> 00:09:35 |I still want some work inside of open range gap.
66 |65 |00:09:41 ~-~-> 00:09:48 |Change this color that's a little too much tension placed on it, once you gain
67 |66 |00:09:48 ~-~-> 00:10:00 |affected from a sentiment perspective. All right, so we have a very. Large,
68 |67 |00:10:00 ~-~-> 00:10:11 |smooth area that we watched a week a week ago, 19,006 95 and if you look at
69 |68 |00:10:11 ~-~-> 00:10:18 |it on a 16 minute chart, and we take it into regular I'm sorry, electronic
70 |69 |00:10:18 ~-~-> 00:10:27 |training hours, yeah, I'm got pretty that chart is really keep your charts
71 |70 |00:10:27 ~-~-> 00:10:33 |clean. Professional does. So if we look at how all these highs over here, how
72 |71 |00:10:33 ~-~-> 00:10:39 |clean they are mentioned this on Twitter, I'd like to see it drop down
73 |72 |00:10:39 ~-~-> 00:10:44 |and then start working towards that level. Does it need to go there entirely
74 |73 |00:10:44 ~-~-> 00:10:49 |today? No, but I'd like to see it try to march towards that now, because it's
75 |74 |00:10:49 ~-~-> 00:10:55 |done a tremendous job of destroying any short sellers yesterday like this, going
76 |75 |00:10:55 ~-~-> 00:11:00 |higher and higher and higher and pressing into that. So that's kind of
77 |76 |00:11:00 ~-~-> 00:11:03 |like what we're looking at for the remainder of the year. I think we're
78 |77 |00:11:03 ~-~-> 00:11:08 |going to have a very, very busy fall going into end of year. So volatility is
79 |78 |00:11:08 ~-~-> 00:11:13 |going to be off the charts like it's going to be very, very fun, but very,
80 |79 |00:11:13 ~-~-> 00:11:18 |very dangerous. So don't think that. You know, every bet should be heavy. You
81 |80 |00:11:18 ~-~-> 00:11:26 |should be more inclined to lower your leverage, but your trade frequency can,
82 |81 |00:11:26 ~-~-> 00:11:29 |if you're going to be working these lower time frames, they that can
83 |82 |00:11:29 ~-~-> 00:11:32 |actually be elevated a little bit more, because you're gonna have a whole lot
84 |83 |00:11:32 ~-~-> 00:11:35 |more setups. If you know what you're looking
85 |84 |00:11:42 ~-~-> 00:11:52 |for. I'm so that's the smooth area I like. Longer term, that's what we're
86 |85 |00:11:52 ~-~-> 00:12:01 |looking for. I'm going to drop back into a one minute chart here. It's playing a
87 |86 |00:12:01 ~-~-> 00:12:07 |little dirty this morning, back and forth in there, tagging that new day,
88 |87 |00:12:07 ~-~-> 00:12:12 |opening gap and previous settlement price Multiple times inside that area.
89 |88 |00:12:12 ~-~-> 00:12:13 |So
90 |89 |00:12:38 ~-~-> 00:12:48 |and you, 933, I, three, 930-931-3233, candlestick, the opening range,
91 |90 |00:12:48 ~-~-> 00:12:56 |essentially, is that first presentation Fairbank app as well. So it'll look like
92 |91 |00:12:56 ~-~-> 00:13:03 |this. Have that frame, but that would be your first The Fairbank app between 930
93 |92 |00:13:04 ~-~-> 00:13:04 |and 10 o'clock,
94 |93 |00:13:22 ~-~-> 00:14:01 |you I give a little bit of time. It's working around inside that daily range
95 |94 |00:14:01 ~-~-> 00:14:04 |from the highs here down to that low
96 |95 |00:14:11 ~-~-> 00:14:22 |back in the opens, opening range gap, opening range is time again, between 930
97 |96 |00:14:34 ~-~-> 00:14:34 |and 10 and
98 |97 |00:14:45 ~-~-> 00:14:50 |Okay, so it's the first 30 minutes of trading, and what you're looking for is
99 |98 |00:14:50 ~-~-> 00:14:55 |initial buy side and sell side to be established. You're also looking for any
100 |99 |00:14:55 ~-~-> 00:15:02 |initial PD array, so any significant break or any. Significant imbalance by
101 |100 |00:15:02 ~-~-> 00:15:06 |side and balance cells on efficiency, sell side imbalance, buy side and
102 |101 |00:15:06 ~-~-> 00:15:08 |efficiency this easy either or, and
103 |102 |00:15:13 ~-~-> 00:15:17 |that'll give you the context for perhaps a silver bullet trade in 10 o'clock. You
104 |103 |00:15:52 ~-~-> 00:15:58 |I look at the one minute chart over here, so gnarly, isn't I contrast that
105 |104 |00:15:58 ~-~-> 00:16:04 |with days where it just has a really nice gap. It has very obvious by side
106 |105 |00:16:04 ~-~-> 00:16:09 |and sell side that has a range away from where it opens up at at 930 and those
107 |106 |00:16:09 ~-~-> 00:16:16 |buy side or sell side liquidity pools, and there's a larger gap opening. You
108 |107 |00:16:16 ~-~-> 00:16:20 |don't want to be having a whole lot of excitement around days that have a very
109 |108 |00:16:20 ~-~-> 00:16:24 |small opening range gap like we have here. You know, it's literally like 15
110 |109 |00:16:24 ~-~-> 00:16:29 |handles or so. So it's not even very much between the previous settlement
111 |110 |00:16:29 ~-~-> 00:16:34 |price and the opening price, which is the higher price, between yesterday's
112 |111 |00:16:34 ~-~-> 00:16:37 |settlement price and today's open so that's what makes it the opening range
113 |112 |00:16:37 ~-~-> 00:16:45 |gap high. And by definition, that would be the opening range gap low. So one of
114 |113 |00:16:45 ~-~-> 00:16:49 |the things that we watch pre market it means anything before 930 opening bell,
115 |114 |00:16:49 ~-~-> 00:16:58 |is we're looking for. Is it maintaining its opening range gap? Or as we get
116 |115 |00:16:58 ~-~-> 00:17:02 |closer to 930 is it reducing it in size. Because if it's reducing it in size,
117 |116 |00:17:02 ~-~-> 00:17:06 |that means we're going to probably have a very muddy morning, or at least the
118 |117 |00:17:06 ~-~-> 00:17:10 |first 30 minutes could become potentially a very muddy session. And so
119 |118 |00:17:10 ~-~-> 00:17:14 |far, we have all this choppiness in here, and while I would prefer seeing it
120 |119 |00:17:14 ~-~-> 00:17:20 |go higher, there isn't anything in here to to operate on. So we have to wait and
121 |120 |00:17:21 ~-~-> 00:17:26 |let the market do what it wants to do, keeping in mind that everybody on the
122 |121 |00:17:26 ~-~-> 00:17:32 |street has saw that move yesterday, and they want to do what they they want to
123 |122 |00:17:32 ~-~-> 00:17:36 |be long. So that initial drop down may not be all there is for a Judah swing
124 |123 |00:17:36 ~-~-> 00:17:40 |here. So this drop down here, they may want to go one more time deeper than
125 |124 |00:17:40 ~-~-> 00:17:45 |that, and anyone that's already long they could be displaced from having that
126 |125 |00:17:45 ~-~-> 00:17:51 |position and no longer be in the market. So it takes a little bit of patience
127 |126 |00:17:51 ~-~-> 00:17:56 |working with these types of environments. And no one really should
128 |127 |00:17:56 ~-~-> 00:18:00 |be looking at this and thinking, wow, I gotta get in on this. You know, it's
129 |128 |00:18:00 ~-~-> 00:18:06 |gotta be, you know, there's nothing better than this right now, the market's
130 |129 |00:18:06 ~-~-> 00:18:12 |not really poised. You have to do it. So just give it its chance to move around
131 |130 |00:18:15 ~-~-> 00:18:28 |and finalize all of its opening range. 15 minutes is not enough information for
132 |131 |00:18:29 ~-~-> 00:18:34 |the daily range. So it's a 30 minute algorithmic period between 9:30am
133 |132 |00:18:34 ~-~-> 00:18:39 |Eastern Standard Time to 10am Eastern Standard Time. That is the algorithms
134 |133 |00:18:39 ~-~-> 00:18:44 |opening range. It sets up initial buy side and sell side and then operates
135 |134 |00:18:44 ~-~-> 00:18:48 |with that. You can also do standard deviations on this range. Hello, hint,
136 |135 |00:18:48 ~-~-> 00:18:52 |nudge, nudge. So it gives you all of these projections. Usually, I tuck that
137 |136 |00:18:52 ~-~-> 00:18:56 |stuff deep, deep, deep inside the lectures, but I gotta toss that out
138 |137 |00:18:56 ~-~-> 00:18:59 |there, because some of you are falling asleep watching these candlesticks paint
139 |138 |00:19:00 ~-~-> 00:19:08 |sideways. Yes. Virginia, if you take the highest high and the lowest low in the
140 |139 |00:19:08 ~-~-> 00:19:12 |first 30 minutes and project them up, you're going to get your enemy in term
141 |140 |00:19:12 ~-~-> 00:19:19 |and long term daily intercession, highs and lows. Don't take my word for it. You
142 |141 |00:19:19 ~-~-> 00:19:25 |got you got to see it for yourself, and you'll see there is an algorithm. All
143 |142 |00:19:25 ~-~-> 00:19:30 |right. So here we are back inside the opening range gap. Now I like the idea
144 |143 |00:19:30 ~-~-> 00:19:36 |of what it's doing in here, because it's, it's like falling short of going
145 |144 |00:19:36 ~-~-> 00:19:41 |any higher, above that 290 level. And we're back inside the opening range gap.
146 |145 |00:19:41 ~-~-> 00:19:45 |We have relative equal lows in here. And again, this is a 15 second chart, so
147 |146 |00:19:45 ~-~-> 00:19:48 |there's liquidity resting below into that. And I like to see it one more time
148 |147 |00:19:48 ~-~-> 00:19:52 |go below these lows over here on the one minute chart, because again, I was
149 |148 |00:19:52 ~-~-> 00:19:56 |saying earlier that everybody on the street, that means people that just
150 |149 |00:19:56 ~-~-> 00:20:00 |watch the news, they watch CNBC, they read newspapers or articles. Where they
151 |150 |00:20:00 ~-~-> 00:20:04 |watch other people do something, and then, because they did something
152 |151 |00:20:04 ~-~-> 00:20:08 |previous day that was bullish or bearish, and it was a big day, and it's
153 |152 |00:20:08 ~-~-> 00:20:13 |a lot of excitement about yesterday, they'll want to go in, and their bias
154 |153 |00:20:13 ~-~-> 00:20:16 |will be, well, I want to do what was happening yesterday, because large
155 |154 |00:20:16 ~-~-> 00:20:21 |ranges, you know, brings in a lot of excitement, and you can see how, by the
156 |155 |00:20:22 ~-~-> 00:20:26 |individuals that maybe would look to go long, or maybe that are long, naturally,
157 |156 |00:20:26 ~-~-> 00:20:30 |their stop loss is going to be right here below these loads in here,
158 |157 |00:20:36 ~-~-> 00:20:42 |it takes a little bit of time watching price and presenting these a little bit
159 |158 |00:20:42 ~-~-> 00:20:46 |harder conditions where, if you're just really impulsive and you want to take
160 |159 |00:20:46 ~-~-> 00:20:49 |some action getting in because you think it's going to keep going up for a longer
161 |160 |00:20:49 ~-~-> 00:20:57 |time, the first 30 minutes of the next trading day. If you sit still and don't
162 |161 |00:20:57 ~-~-> 00:21:00 |do anything during that period, I promise you, there's lots of other
163 |162 |00:21:00 ~-~-> 00:21:03 |opportunities. You don't have to trade the morning session either, like you can
164 |163 |00:21:03 ~-~-> 00:21:08 |literally just trade what the afternoon session. So my question to you is, how
165 |164 |00:21:08 ~-~-> 00:21:11 |many of you already remembered that you're not supposed to be doing anything
166 |165 |00:21:11 ~-~-> 00:21:17 |in the morning session today? That's a large range. Can't list there right on
167 |166 |00:21:17 ~-~-> 00:21:21 |your daily chart. So the protocol is, what you don't trade in the morning
168 |167 |00:21:21 ~-~-> 00:21:24 |session. If you're brand new, you don't trade the morning session. Now, someone
169 |168 |00:21:24 ~-~-> 00:21:28 |that has a little bit more experience, we just bang the lower end of that new
170 |169 |00:21:28 ~-~-> 00:21:32 |day opening gap over here for September 12. That's today's New Day opening gap.
171 |170 |00:21:32 ~-~-> 00:21:37 |So we hit that. I'd like to see if we hadn't any interest in explore lower
172 |171 |00:21:37 ~-~-> 00:21:41 |low, not for the sake of expanding lower, but just to go down into maybe
173 |172 |00:21:41 ~-~-> 00:21:44 |consequent encouragement of that one hour buy side of balance, outside of
174 |173 |00:21:44 ~-~-> 00:21:48 |efficiency, there we go. So anyone that's long, they just had their their
175 |174 |00:21:49 ~-~-> 00:21:56 |their bread toasted. This is what I meant by keeping your fingers out of the
176 |175 |00:21:56 ~-~-> 00:22:01 |mashed potatoes. Large rain stays. You got to be careful in the morning session
177 |176 |00:22:01 ~-~-> 00:22:06 |these they're gonna punish anyone that wants to be on that same side of
178 |177 |00:22:06 ~-~-> 00:22:10 |whatever the previous day's range was, if it's large on your daily chart, when
179 |178 |00:22:10 ~-~-> 00:22:16 |that occurs next morning session, sit still. Write it down in your journal.
180 |179 |00:22:16 ~-~-> 00:22:19 |You have permission to sit still. You have permission not to trade the morning
181 |180 |00:22:19 ~-~-> 00:22:23 |session. Remind yourself that, I promise you, you will probably save yourself a
182 |181 |00:22:23 ~-~-> 00:22:28 |whole lot more frustration and equity and not probably blow your account or go
183 |182 |00:22:28 ~-~-> 00:22:32 |and tilt because you're forcing something in an environment that's
184 |183 |00:22:32 ~-~-> 00:22:37 |already predisposed to try to hurt individuals doing the very thing that
185 |184 |00:22:37 ~-~-> 00:22:42 |yesterday's daily candlestick showed, in other words, extremely, extremely
186 |185 |00:22:42 ~-~-> 00:22:48 |bullishness. Okay, well, they're gonna lay down a landmine field in the morning
187 |186 |00:22:48 ~-~-> 00:22:54 |session. Because what that does, let's, let's make the argument for a sake of if
188 |187 |00:22:54 ~-~-> 00:22:58 |it's gonna go higher and it can, I'd like to see you go up there and take out
189 |188 |00:22:58 ~-~-> 00:23:05 |that 19,006 95 level. I would like to see that disrupted. But it doesn't have
190 |189 |00:23:05 ~-~-> 00:23:11 |to do that. It could do that months from now. It could do it years from now. Okay
191 |190 |00:23:13 ~-~-> 00:23:18 |or never, right it. Those are always possible scenarios. But because
192 |191 |00:23:19 ~-~-> 00:23:27 |yesterday, we had such a huge, very, very energetic, you know, entertaining
193 |192 |00:23:27 ~-~-> 00:23:33 |candle on the daily chart that just kept going higher and higher, that excitement
194 |193 |00:23:34 ~-~-> 00:23:41 |bleeds into the next trading day. And now everybody's out here that are novice
195 |194 |00:23:41 ~-~-> 00:23:45 |traders, let's look at it that way. They're excited. They want to be long,
196 |195 |00:23:45 ~-~-> 00:23:48 |so they're going to take buys on everything that they can hear someone
197 |196 |00:23:48 ~-~-> 00:23:53 |talk about, follow signals. If someone says something on online chats that's
198 |197 |00:23:53 ~-~-> 00:23:56 |bullish, you know, and they what they want to do with their with their
199 |198 |00:23:56 ~-~-> 00:23:59 |trading, that's going to be the catalyst to say, yep, that's all. I needed, that
200 |199 |00:23:59 ~-~-> 00:24:02 |little bit of a bump. And now I'm going to take initiative and get in there and
201 |200 |00:24:02 ~-~-> 00:24:08 |trade long and in the first 30 minutes of the session, what generally happens
202 |201 |00:24:08 ~-~-> 00:24:16 |is, is it allows these types of traders to come in, and it lays down a little
203 |202 |00:24:16 ~-~-> 00:24:21 |bit of breadcrumbs, like, hey, look, we're going up and all of these little
204 |203 |00:24:21 ~-~-> 00:24:28 |bull flags in here on them, the 15 second chart. And I liked how it like I
205 |204 |00:24:28 ~-~-> 00:24:32 |said it was failing to get up there. It means it's likely to do what, roll over
206 |205 |00:24:32 ~-~-> 00:24:36 |and dig into that buy side imbalance on the LRE chart, which is the shaded area
207 |206 |00:24:36 ~-~-> 00:24:40 |is blue, and then take out that initial low of the day where there's sell side.
208 |207 |00:24:41 ~-~-> 00:24:47 |So why would that be advantageous for the algorithm to do that? What? Why
209 |208 |00:24:47 ~-~-> 00:24:52 |would it? Why would it be a good thing to see something like that unfold? Well,
210 |209 |00:24:52 ~-~-> 00:24:57 |because you actually have early buyers coming in trying to do what they saw
211 |210 |00:24:57 ~-~-> 00:25:03 |yesterday's winning crowd. Do be proud. Being long. So if they lay down this
212 |211 |00:25:03 ~-~-> 00:25:08 |landmine field of here's a low start, sending a higher opportunities to go in
213 |212 |00:25:08 ~-~-> 00:25:15 |here, supply and demand guys, okay, they'll, they'll call this a demand
214 |213 |00:25:15 ~-~-> 00:25:25 |zone, and they give it to them here and here and then, no, we're not going to
215 |214 |00:25:25 ~-~-> 00:25:29 |let you go higher. And even the supply and demand dudes are going to be doing
216 |215 |00:25:29 ~-~-> 00:25:33 |what they're going to place their stop loss below there. Fibonacci traders are
217 |216 |00:25:33 ~-~-> 00:25:37 |going to be buying down in here on retracements and ratios and harmonic
218 |217 |00:25:37 ~-~-> 00:25:40 |pattern. Traders are going to get all this little bit of a movement lower
219 |218 |00:25:40 ~-~-> 00:25:43 |here. And you're going to get psyched by that, and they're going to buy it,
220 |219 |00:25:44 ~-~-> 00:25:49 |moving average crossovers, okay? Every every possible indicator that is an
221 |220 |00:25:49 ~-~-> 00:25:53 |overall oversold momentum indicator, they're all oversold here. That's what
222 |221 |00:25:53 ~-~-> 00:25:58 |retail traders like myself when I was 20 years old in 1992 that was the secret to
223 |222 |00:25:58 ~-~-> 00:26:04 |the market. I believe then and then what everybody initially that's long on a
224 |223 |00:26:04 ~-~-> 00:26:09 |large range day that closed higher in the first 30 minutes, that low is always
225 |224 |00:26:09 ~-~-> 00:26:15 |going to be a suspect low, whatever low they form, and they paint this little,
226 |225 |00:26:15 ~-~-> 00:26:19 |tiny, short term low, always expect that scenario, that they're going to lay that
227 |226 |00:26:19 ~-~-> 00:26:24 |down as a trap. So you can use it as a turtle suit. You can use it as a scout
228 |227 |00:26:24 ~-~-> 00:26:33 |to trade down into that over here, working the upper end of that opening
229 |228 |00:26:33 ~-~-> 00:26:38 |range. Gap in here breaks lower trades inside of this inefficiency and returns
230 |229 |00:26:38 ~-~-> 00:26:43 |right back into the end up and then trades lower. Listen to the recording
231 |230 |00:26:43 ~-~-> 00:26:50 |back at that period of time, it'll all be in recording, and it sweeps the low
232 |231 |00:26:50 ~-~-> 00:26:56 |over here, where the sell side is okay. Now it's accumulating inside the end
233 |232 |00:26:56 ~-~-> 00:27:00 |dog, and I like to see them run up in here and clear up some of this buy side.
234 |233 |00:27:00 ~-~-> 00:27:04 |And how we trade there, once we get there, will be indicative of any
235 |234 |00:27:04 ~-~-> 00:27:09 |continuation going further. But we're still inside that 30 minute time frame,
236 |235 |00:27:09 ~-~-> 00:27:14 |so you have to be careful. You don't want to be trying to vet the farm yet,
237 |236 |00:27:15 ~-~-> 00:27:19 |meaning you're not trying to secure the low the day or the high today. They can
238 |237 |00:27:19 ~-~-> 00:27:22 |play real dirty in this first 30 minutes.
239 |238 |00:27:33 ~-~-> 00:27:36 |So we're still inside that opening range. Got there.
240 |239 |00:27:55 ~-~-> 00:27:56 |And dog love and
241 |240 |00:28:07 ~-~-> 00:28:14 |so what you're learning Caleb is things to lean on for logic, comparing what the
242 |241 |00:28:14 ~-~-> 00:28:22 |daily range was and how price traded the previous day, and, oh, excuse me, and or
243 |242 |00:28:22 ~-~-> 00:28:26 |the last session of the day, meaning the pm session and the last hour trading.
244 |243 |00:28:36 ~-~-> 00:28:41 |Seasonal allergies, I mentioned it the other day. You're probably going to have
245 |244 |00:28:43 ~-~-> 00:28:47 |that frustration that I get sometimes i when I'm to a speaker or I listen to an
246 |245 |00:28:47 ~-~-> 00:28:51 |audio book and they do their speaking, and they either have a head cold or
247 |246 |00:28:51 ~-~-> 00:28:56 |they're very mucousy. It's hard for me to focus on what they're saying, because
248 |247 |00:28:56 ~-~-> 00:29:02 |I'm hearing all their their spit, their saliva. It's disgusting, isn't it? But,
249 |248 |00:29:02 ~-~-> 00:29:11 |you know, I just gotta show you, I'm not AI. How about that? All right, so we are
250 |249 |00:29:11 ~-~-> 00:29:18 |inside of over here. Watch this. This candlesticks, wick, midpoint,
251 |250 |00:29:18 ~-~-> 00:29:22 |consequent, crochet. We came down. Hit that. So I'm watching this level here as
252 |251 |00:29:22 ~-~-> 00:29:28 |I'm watching the 15 second Okay, so now what I got to say just know that this
253 |252 |00:29:28 ~-~-> 00:29:32 |doesn't mean it's the secret sauce to it. Okay, but I get questioned all the
254 |253 |00:29:32 ~-~-> 00:29:37 |times, you know, how am I looking at all these monitors? Because I have a whole
255 |254 |00:29:37 ~-~-> 00:29:42 |array of 12 monitors that are on my my desk, and then I have several monitors
256 |255 |00:29:42 ~-~-> 00:29:48 |to the right, and then I have a tablet, and then I have the laptop here that I'm
257 |256 |00:29:48 ~-~-> 00:29:52 |live streaming. I'm not in my office right now. I'm just simply looking at
258 |257 |00:29:52 ~-~-> 00:29:58 |I'm actually on my bed right now, but what I'm watching is, is I'll have
259 |258 |00:29:58 ~-~-> 00:30:03 |different time frames. I. I'll have a daily chart, I'll have a four hour
260 |259 |00:30:03 ~-~-> 00:30:08 |chart, one hour chart, 15 minute chart, five minute chart, and then I have a
261 |260 |00:30:08 ~-~-> 00:30:14 |matrix chart where it's the 54321, and then I do the same thing with a 45
262 |261 |00:30:14 ~-~-> 00:30:19 |second, 32nd 15 second and five second Matrix chart where I'm I'm constantly
263 |262 |00:30:20 ~-~-> 00:30:27 |going through my eyesight, my eyes are going to each one of those time frames
264 |263 |00:30:27 ~-~-> 00:30:31 |cycling through constantly. When I'm watching price, I'm constantly going
265 |264 |00:30:31 ~-~-> 00:30:35 |through looking for that, and I'm looking for how traders would see those
266 |265 |00:30:35 ~-~-> 00:30:40 |time frames and implement either an interest in buying or selling it, or
267 |266 |00:30:40 ~-~-> 00:30:44 |where their stop loss would be placed in respect to that specific time frame,
268 |267 |00:30:44 ~-~-> 00:30:47 |because not everybody trades on a one minute chart, not everybody trades on a
269 |268 |00:30:47 ~-~-> 00:30:52 |five minute chart. So when the market affords a one hour setup or a four hour
270 |269 |00:30:52 ~-~-> 00:30:59 |setup, I'm constantly bringing that information into my mind in terms of
271 |270 |00:31:00 ~-~-> 00:31:07 |building a narrative. What should the participants fall on, in terms of ruin?
272 |271 |00:31:07 ~-~-> 00:31:12 |How can these traders that are less informed fail today? That's what I'm
273 |272 |00:31:12 ~-~-> 00:31:15 |looking for. I'm looking for that opportunity to see where I can see
274 |273 |00:31:15 ~-~-> 00:31:19 |something that is, in my mind, high probability it's going to go to a
275 |274 |00:31:19 ~-~-> 00:31:24 |specific level, go higher or lower. And then, if I had that same thing unfolding
276 |275 |00:31:24 ~-~-> 00:31:28 |at a time when something retail, some kind of retail pattern, a double touch,
277 |276 |00:31:28 ~-~-> 00:31:31 |or a triple touch to some kind of supposed diagonal trend line, or, you
278 |277 |00:31:31 ~-~-> 00:31:37 |know, something nonsensical, some kind of pennant pattern or shape, some kind
279 |278 |00:31:37 ~-~-> 00:31:41 |of shape that they see, okay, it's kind of like when you look and see and look
280 |279 |00:31:41 ~-~-> 00:31:46 |up in the clouds and you think you see a face or you see something else, our our
281 |280 |00:31:46 ~-~-> 00:31:50 |minds are designed to look for that. We're actually sinking the face of God,
282 |281 |00:31:50 ~-~-> 00:31:53 |whether you believe it or not. And that's why we had that phenomenon always
283 |282 |00:31:53 ~-~-> 00:31:58 |occur. We're always seeing like faces in in things. Oh, I saw the face of so and
284 |283 |00:31:58 ~-~-> 00:32:03 |so my grilled cheese sandwich, that's actually occurring in everybody. Not
285 |284 |00:32:03 ~-~-> 00:32:07 |that we would all see the same face in a grilled cheese sandwich, mind you, but
286 |285 |00:32:07 ~-~-> 00:32:12 |we have that phenomena occur in our minds because we're wired that way. So
287 |286 |00:32:12 ~-~-> 00:32:17 |if you go in and you start building a sensitivity and opening your reticular
288 |287 |00:32:17 ~-~-> 00:32:21 |activating system to the possibility of the market respecting, you know,
289 |288 |00:32:21 ~-~-> 00:32:28 |geometric patterns in triangles and whatnot, rhomboids, that, to me, is a
290 |289 |00:32:28 ~-~-> 00:32:31 |little myopic. So you have to, you have to strip it down to what makes the marks
291 |290 |00:32:31 ~-~-> 00:32:41 |go up. Buyers seeking what higher prices. And that buyer has to buy the
292 |291 |00:32:41 ~-~-> 00:32:44 |discount price, and that's what the algorithm affords it. Okay? So we've
293 |292 |00:32:44 ~-~-> 00:32:51 |completed our 10am opening range gap. Sorry, opening range and then we're
294 |293 |00:32:51 ~-~-> 00:32:55 |inside of the opening range gap. The low of it touching the end, dog low, right
295 |294 |00:32:55 ~-~-> 00:33:01 |there. So now look at that one minute chart on left hand
296 |295 |00:33:06 ~-~-> 00:33:12 |side. Nothing in here is terribly exciting, is it? We're basically
297 |296 |00:33:12 ~-~-> 00:33:18 |unchanged from where we closed yesterday. So how is that exciting? It's
298 |297 |00:33:18 ~-~-> 00:33:26 |not. And this is typical of what you see on a morning session after a large range
299 |298 |00:33:26 ~-~-> 00:33:30 |day. If it's higher or lower, it doesn't matter. It's not because it went higher.
300 |299 |00:33:30 ~-~-> 00:33:35 |It's acting this way. It's same thing is going to happen on a large range day
301 |300 |00:33:35 ~-~-> 00:33:48 |that's on a down close. We have minor buy side here, like that up here.
302 |301 |00:33:59 ~-~-> 00:34:04 |Okay, so we had cell side below this low here taken look at the bodies down here.
303 |302 |00:34:05 ~-~-> 00:34:10 |What were the bodies respecting the lower quadrant of that one hour by side
304 |303 |00:34:10 ~-~-> 00:34:13 |and balance cell sign and efficiency. That's what this blue shaded area is
305 |304 |00:34:13 ~-~-> 00:34:20 |over here. Case you just started watching the stream. So I'm going to
306 |305 |00:34:20 ~-~-> 00:34:27 |take the 10 o'clock vertical lines off because they're no longer necessary to
307 |306 |00:34:27 ~-~-> 00:34:36 |communicate them the method. So touch the end dog high again here, and cost
308 |307 |00:34:36 ~-~-> 00:34:43 |encroachment of the opening range gap. Want to see if it can mount a run into
309 |308 |00:34:43 ~-~-> 00:34:46 |the liquidity resting above the 280 8.75 level.
310 |309 |00:34:54 ~-~-> 00:34:59 |The better trading should be in the afternoon, starting 1:30pm Eastern,
311 |310 |00:34:59 ~-~-> 00:35:05 |Standard Time. Going into the last hour of trading. Why? Because we had a very
312 |311 |00:35:06 ~-~-> 00:35:11 |anemic opening. It was really small in terms of opening range gap. It's after
313 |312 |00:35:11 ~-~-> 00:35:18 |what a large range update. So you can afford to go fishing when the morning
314 |313 |00:35:18 ~-~-> 00:35:23 |sessions after a large range day, and then come back, grab some lunch. Let me
315 |314 |00:35:23 ~-~-> 00:35:28 |take a nap, and then at 130 sit at your desk, and then trade the afternoon
316 |315 |00:35:28 ~-~-> 00:35:33 |session, because you're going to get a whole lot more cleaner price runs. You
317 |316 |00:35:33 ~-~-> 00:35:36 |won't get a lot of this fickle back and forth where it's just I don't want to go
318 |317 |00:35:36 ~-~-> 00:35:39 |anywhere. ICT just needs to stay here. I'm going to stay in bed. That's what
319 |318 |00:35:39 ~-~-> 00:35:47 |the market's basically saying right now, it wants to stay in bed. It's lazy, all
320 |319 |00:35:47 ~-~-> 00:35:52 |right, so I would want to see it run here to that 281, 75, level. If it's
321 |320 |00:35:52 ~-~-> 00:35:57 |bullish, it should run here. But keep in mind, Caleb, while you're watching this,
322 |321 |00:35:57 ~-~-> 00:36:03 |you're in a session post large range. So what does that mean? Setups are more
323 |322 |00:36:03 ~-~-> 00:36:07 |prone to fail. That's the reason why you should not be trying to go in here and
324 |323 |00:36:07 ~-~-> 00:36:13 |press it hard on a morning session after a large range day. That is a climate and
325 |324 |00:36:13 ~-~-> 00:36:20 |a characteristic about the daily range that you have to at least be aware of. I
326 |325 |00:36:20 ~-~-> 00:36:24 |didn't discover that, you know, overnight, it took lots and lots of
327 |326 |00:36:25 ~-~-> 00:36:29 |blown accounts, drawdown and frustration, and I found out that what I
328 |327 |00:36:29 ~-~-> 00:36:36 |was trying to do was I was taking my my katana that had a razor sharp edge, and
329 |328 |00:36:36 ~-~-> 00:36:43 |I was rubbing it against a concrete block like a saw dulling it. So I was
330 |329 |00:36:43 ~-~-> 00:36:49 |using like a ton on something that is not designed to cut, so you have to sit
331 |330 |00:36:49 ~-~-> 00:36:54 |still, wait for the opportunity with the characteristics of the daily range to be
332 |331 |00:36:54 ~-~-> 00:37:02 |there. Okay? You want a candlestick range theory. This is one of them, okay?
333 |332 |00:37:02 ~-~-> 00:37:06 |But you ain't hearing it in those dollar mentorships, okay? The wish version of
334 |333 |00:37:06 ~-~-> 00:37:11 |smart money, I tell you what, I'm really having a lot of funding on Twitter.
335 |334 |00:37:11 ~-~-> 00:37:16 |Again, I'm only visiting for a short while. Mind you, but man, a lot is it's
336 |335 |00:37:16 ~-~-> 00:37:26 |successful over there. Everybody knows nothing to the end all So now imagine
337 |336 |00:37:26 ~-~-> 00:37:31 |for a moment, okay, say, for instance, Caleb, that you were wanting to trade
338 |337 |00:37:31 ~-~-> 00:37:37 |today, okay, and the very first fair value gap that forms on the one minute
339 |338 |00:37:37 ~-~-> 00:37:44 |chart is you have it at the 933 candle. So trading down into that, we get a
340 |339 |00:37:44 ~-~-> 00:37:49 |delivery above the short term high here, yes, by going here. But what happened
341 |340 |00:37:49 ~-~-> 00:37:53 |after that, right back into the range and then attacked what I was outlining,
342 |341 |00:37:53 ~-~-> 00:37:57 |that they would use the initial low of the day to target anyone that wants to
343 |342 |00:37:57 ~-~-> 00:38:01 |chase the price that was delivered to the market yesterday, which is a very
344 |343 |00:38:01 ~-~-> 00:38:05 |large up close day on the daily chart. So the market came down, took those
345 |344 |00:38:05 ~-~-> 00:38:12 |individuals out, the bodies over here, respected the bison about cell sign
346 |345 |00:38:12 ~-~-> 00:38:16 |efficiency of the hourly chart. That's that blue shaded area here, okay. And
347 |346 |00:38:16 ~-~-> 00:38:22 |then they ran just for short term liquidity there, and this big balanced
348 |347 |00:38:22 ~-~-> 00:38:30 |area here is offering initial high resistance, so you have to sit still and
349 |348 |00:38:30 ~-~-> 00:38:33 |take in more information. You're not trying to press the button on these
350 |349 |00:38:33 ~-~-> 00:38:39 |sessions. You're not trying to be smart. You're not trying to be right. Okay,
351 |350 |00:38:39 ~-~-> 00:38:44 |what you're doing is you're seeing, how are they hurting traders that just can't
352 |351 |00:38:44 ~-~-> 00:38:51 |sit still? How are they doing that? They keep coming back, offering deep, little
353 |352 |00:38:51 ~-~-> 00:38:56 |recon. I shouldn't say they keep causing retracements to take out short term
354 |353 |00:38:56 ~-~-> 00:39:04 |lows, but they're not letting the market go higher. You see that. Watch. Look at
355 |354 |00:39:04 ~-~-> 00:39:08 |the 15 second chart. See this swing low, actually, to start over here with the
356 |355 |00:39:08 ~-~-> 00:39:15 |initial we have this low here, which is the upper quadrant of this blue shaded
357 |356 |00:39:15 ~-~-> 00:39:19 |area, which is a one hour buy side of balance, outside efficiency, the market
358 |357 |00:39:19 ~-~-> 00:39:24 |trades down below that and then trades higher. It creates a swing low right
359 |358 |00:39:24 ~-~-> 00:39:29 |there you see that that swing low not because it has a swing low that has a
360 |359 |00:39:29 ~-~-> 00:39:32 |low, a higher low to the left of it and a higher low to the right of it. That
361 |360 |00:39:32 ~-~-> 00:39:35 |doesn't make that swing low interesting to me, just because it does that. What
362 |361 |00:39:36 ~-~-> 00:39:39 |makes it interesting is that that swing low is forming at the high the buy side
363 |362 |00:39:39 ~-~-> 00:39:43 |of L cell sign inefficiency, that blue shaded area here on your hourly chart.
364 |363 |00:39:43 ~-~-> 00:39:46 |Again, let me, let me show you over here. So now, if I don't do this, that
365 |364 |00:39:46 ~-~-> 00:39:51 |new people get confused, this candle sticks high, this candle sticks low,
366 |365 |00:39:51 ~-~-> 00:39:56 |this one big candle passing through. The difference between this candles high,
367 |366 |00:39:56 ~-~-> 00:39:59 |that candle is low, that inefficiency. That's what I'm measuring on top of fib
368 |367 |00:39:59 ~-~-> 00:40:06 |from here. Here to here. So that upper quadrant level is where this swing,
369 |368 |00:40:06 ~-~-> 00:40:11 |swing low is forming. So that's going to have liquidity below that has an
370 |369 |00:40:11 ~-~-> 00:40:15 |interest in in my mind, I'm interested in seeing that. So when I'm watching
371 |370 |00:40:15 ~-~-> 00:40:20 |price deliver, is it doing a run below that it does. And then you have this
372 |371 |00:40:20 ~-~-> 00:40:24 |swing high, which happens to be just at the top of the opening range gap. That's
373 |372 |00:40:24 ~-~-> 00:40:29 |this gray shaded area. Okay, so there's what's above that. It's buy side. So the
374 |373 |00:40:29 ~-~-> 00:40:33 |market does what it sweeps the sell side here, attacks the buy side here, and
375 |374 |00:40:33 ~-~-> 00:40:37 |then the relative equal highs. It's taken that. And then we have a swing
376 |375 |00:40:37 ~-~-> 00:40:40 |high here, at the high end of the opening range gap again, and their cell
377 |376 |00:40:40 ~-~-> 00:40:44 |side below here. So we're digging into that every single time it takes the cell
378 |377 |00:40:44 ~-~-> 00:40:52 |side, it's not coming up deep enough to get into that 19,000 to 88.75 up. So to
379 |378 |00:40:52 ~-~-> 00:40:56 |me, when I see this, let's say, for instance, that we stay in the range
380 |379 |00:40:56 ~-~-> 00:41:02 |between the low of this bison about cell sign efficiency on this hourly chart
381 |380 |00:41:02 ~-~-> 00:41:06 |say, we say we don't take that out, but we maintain the highest height it's
382 |381 |00:41:06 ~-~-> 00:41:11 |formed today, and we maintain that range throughout all the morning session and
383 |382 |00:41:11 ~-~-> 00:41:16 |going into the lunch hour. So if I turn my charts on, let's say, for instance,
384 |383 |00:41:16 ~-~-> 00:41:22 |one o'clock, 115 right before 130 and that range still is there, then I'd be
385 |384 |00:41:22 ~-~-> 00:41:27 |more inclined to expect to see them to release it and start exploring higher
386 |385 |00:41:27 ~-~-> 00:41:32 |prices. Right now. They're just chopping people up because they all want to be on
387 |386 |00:41:32 ~-~-> 00:41:37 |board. They all want to be on board. And every time short term lows are being
388 |387 |00:41:37 ~-~-> 00:41:43 |taken out, what's below that sell side. So again, why would that be? Why would
389 |388 |00:41:43 ~-~-> 00:41:49 |that be gainful? What would be the the advantages of of seeing that unfold,
390 |389 |00:41:50 ~-~-> 00:41:54 |someone's accumulating, that someone's accumulating those, those stops that are
391 |390 |00:41:54 ~-~-> 00:41:58 |being taken out. And you're, you're thinking, Well, you know, Michael, it's,
392 |391 |00:41:58 ~-~-> 00:42:03 |this is a 15 second chart, you know, who's got stops below that everybody
393 |392 |00:42:03 ~-~-> 00:42:06 |that you will never meet out there, there's always somebody buying and
394 |393 |00:42:06 ~-~-> 00:42:09 |selling. I mean, just look at social media. They're telling you that they're
395 |394 |00:42:09 ~-~-> 00:42:13 |buying stuff and selling stuff based on nonsense the stars, horoscopes, you
396 |395 |00:42:13 ~-~-> 00:42:21 |know, whatever the there's always buying and selling that's going to that's going
397 |396 |00:42:21 ~-~-> 00:42:25 |to that be in the marketplace. But my interest is, where can that buying and
398 |397 |00:42:25 ~-~-> 00:42:30 |selling be targeted? It's not buying and selling pressure, it's buying and
399 |398 |00:42:30 ~-~-> 00:42:36 |selling liquidity. That's the that's the real Mojo, okay, it's not the buying and
400 |399 |00:42:36 ~-~-> 00:42:41 |selling pressure. It's where are those orders and where are they laid in a in a
401 |400 |00:42:41 ~-~-> 00:42:46 |manner where the narrative can exploit that. So for instance, let's paint the
402 |401 |00:42:46 ~-~-> 00:42:52 |scenario for a moment. Let's say that you are bearish. Okay, so you're bearish
403 |402 |00:42:53 ~-~-> 00:42:58 |and you're expecting to market, the market to go lower. Your eyesight should
404 |403 |00:42:58 ~-~-> 00:43:07 |be keen going every short term swing high, every time frame, and you would be
405 |404 |00:43:07 ~-~-> 00:43:11 |watching and monitoring how price is delivered once it trades above those
406 |405 |00:43:11 ~-~-> 00:43:17 |short term highs. And if you are on side and you have the right analysis that you
407 |406 |00:43:17 ~-~-> 00:43:25 |think the market is going lower, the market should accumulate those short
408 |407 |00:43:25 ~-~-> 00:43:32 |term highs for the purpose of taking the buy stops out. And then your mind should
409 |408 |00:43:32 ~-~-> 00:43:37 |think, Okay, if that's occurring, that means smart money is probably in the
410 |409 |00:43:37 ~-~-> 00:43:41 |move right now, and they're building their position every time these short
411 |410 |00:43:41 ~-~-> 00:43:44 |term highs are taken, they're establishing the other side of those buy
412 |411 |00:43:44 ~-~-> 00:43:49 |stops and they're leaving their orders in because they expect, what a longer
413 |412 |00:43:49 ~-~-> 00:43:55 |term move lower. Okay, well here we're seeing the opposite. We're seeing all
414 |413 |00:43:55 ~-~-> 00:44:02 |the short term lows here being swept there, these here, being swept there,
415 |414 |00:44:02 ~-~-> 00:44:06 |and that one making sure that one's gone. The buy side that's resting here,
416 |415 |00:44:06 ~-~-> 00:44:12 |and the high of the morning session over here, where these clean highs are,
417 |416 |00:44:12 ~-~-> 00:44:16 |that's where the next buy side would be. So we would have to measure what the
418 |417 |00:44:16 ~-~-> 00:44:20 |delivery of prices once it gets above these levels here, because it's already
419 |418 |00:44:20 ~-~-> 00:44:25 |done enough, in my opinion, to healing enough of the sell stops to then now
420 |419 |00:44:26 ~-~-> 00:44:31 |allow for that daily range to try to flirt with a little bit of a we think
421 |420 |00:44:31 ~-~-> 00:44:38 |about, if they want to send price higher, they have to do what they have
422 |421 |00:44:38 ~-~-> 00:44:46 |to enter before it goes up. So what's the easiest way to find sellers at a
423 |422 |00:44:46 ~-~-> 00:44:47 |cheap price?
424 |423 |00:44:49 ~-~-> 00:44:53 |Take out short term loans, and those short term lows being taken out. That
425 |424 |00:44:53 ~-~-> 00:44:57 |means that their sell stops their retail minded traders, and there's the buy side
426 |425 |00:44:57 ~-~-> 00:45:02 |hit there the sell stops being taken. Out affords the smart money to
427 |426 |00:45:02 ~-~-> 00:45:06 |accumulate them and see retail is going to buy and sell, buy and sell, and be
428 |427 |00:45:06 ~-~-> 00:45:11 |impulsive about what they're doing, where smart money sits still and they
429 |428 |00:45:11 ~-~-> 00:45:15 |wait, because everybody's coming out here to the same watering hole. The
430 |429 |00:45:15 ~-~-> 00:45:20 |initial, you know, 30 minutes or so of trading, there's this big rush to do
431 |430 |00:45:20 ~-~-> 00:45:25 |something. They're all thirsty. And most predators, they go to the watering hole
432 |431 |00:45:25 ~-~-> 00:45:35 |at night because their prey are usually sleeping. Predators come at night and
433 |432 |00:45:35 ~-~-> 00:45:38 |they get their drink, so they're not going to the watering hole in the day.
434 |433 |00:45:38 ~-~-> 00:45:42 |The drink down there with the gazelles and the antelope and the water buffalo
435 |434 |00:45:42 ~-~-> 00:45:47 |and whatever goes down there, whatever they eat. Basically, they're in a tall
436 |435 |00:45:47 ~-~-> 00:45:52 |grass waiting for them to go down and when they walk into their crosshairs,
437 |436 |00:45:52 ~-~-> 00:45:58 |proverbially speaking, they pounce on them to eat them. And that's what smart
438 |437 |00:45:58 ~-~-> 00:46:03 |money's doing. It's it's waiting for these opportunities, for the market
439 |438 |00:46:03 ~-~-> 00:46:07 |participants to say, Okay, I want to be on board in the marketplace long because
440 |439 |00:46:07 ~-~-> 00:46:12 |that's what it did yesterday. And darn it, I just want to be on the right side
441 |440 |00:46:12 ~-~-> 00:46:15 |once in a while. And I think it's, it's going to go higher, okay, well,
442 |441 |00:46:15 ~-~-> 00:46:19 |wonderful, but soon as the bell rings, they're going to go in there and do
443 |442 |00:46:20 ~-~-> 00:46:25 |what, bye bye bye bye bye, or they'll wait for some kind of a initial support
444 |443 |00:46:25 ~-~-> 00:46:30 |level. And when they see this type of movement here, and it starts to rally
445 |444 |00:46:30 ~-~-> 00:46:34 |up, well, highs are being taken there, that's a breakout. They're seeing what
446 |445 |00:46:34 ~-~-> 00:46:40 |pattern here? Bull flags. Bull flags. Oh, there's some support in here. And
447 |446 |00:46:40 ~-~-> 00:46:44 |then it rolls over and goes where I told you to aim for, which is this low. And
448 |447 |00:46:44 ~-~-> 00:46:49 |it went down below it after hitting the end dog, go back and listen to the
449 |448 |00:46:49 ~-~-> 00:46:52 |recording. It's going to go down here from here rather take out that initial
450 |449 |00:46:52 ~-~-> 00:47:01 |low of the day. Why does it want to do that? Because it's engineering sentiment
451 |450 |00:47:01 ~-~-> 00:47:08 |for traders to be discouraged. Oh, it's, uh, it's going to go it's going to go
452 |451 |00:47:08 ~-~-> 00:47:13 |lower. Okay, I wanted to go in and go long, but now it's going to go lower, so
453 |452 |00:47:13 ~-~-> 00:47:17 |now I have to go short. Well, that's the same thing as a sell stock being hit,
454 |453 |00:47:17 ~-~-> 00:47:21 |because now that same seller in the marketplace Smart Money will accumulate
455 |454 |00:47:21 ~-~-> 00:47:25 |a long position against that liquidity as well. So don't think for a second
456 |455 |00:47:25 ~-~-> 00:47:30 |that it just has to be below no low. If the market starts to show like this
457 |456 |00:47:30 ~-~-> 00:47:34 |faint of a move like it wants to go lower. I told you it was just going to
458 |457 |00:47:34 ~-~-> 00:47:42 |go down and take out that sell stops on the initial low, and then it cleared the
459 |458 |00:47:42 ~-~-> 00:47:46 |relative equal highs over here, and look where it's pressing in here, just alone,
460 |459 |00:47:46 ~-~-> 00:47:53 |based on everything I've shared here, like that is light years ahead of white
461 |460 |00:47:53 ~-~-> 00:47:57 |golf and all kinds of other stuff out there that people falsely attribute to
462 |461 |00:47:57 ~-~-> 00:48:02 |me as repackaging. You're not going to find these types of insights in any
463 |462 |00:48:02 ~-~-> 00:48:04 |other book, you're not going to get it. Okay, you're not going to get it. Larry
464 |463 |00:48:04 ~-~-> 00:48:09 |Williams didn't teach this. Lena rash and Larry Connors, in their book street
465 |464 |00:48:09 ~-~-> 00:48:14 |smarts, didn't teach that. And without me explaining like, imagine just what
466 |465 |00:48:14 ~-~-> 00:48:20 |I've talked about so far in the last 15 minutes. It would take me so many charts
467 |466 |00:48:21 ~-~-> 00:48:25 |of every tiny, little incremental move here to try to illustrate what I just
468 |467 |00:48:25 ~-~-> 00:48:29 |did live. I can't put that kind of stuff in a book that it's not efficiently
469 |468 |00:48:29 ~-~-> 00:48:34 |delivered and taught in a book like you have to watch it being done over a live
470 |469 |00:48:34 ~-~-> 00:48:39 |chart that that's that's the benefit of being mentored by someone that knows
471 |470 |00:48:39 ~-~-> 00:48:42 |what they're talking about. They can explain it live, if a real time price
472 |471 |00:48:42 ~-~-> 00:48:47 |action with a 15 second chart reading it off of a higher Time Frame hourly chart
473 |472 |00:48:47 ~-~-> 00:48:51 |on Twitter, I told you, I want to see it drop initially and then work towards
474 |473 |00:48:51 ~-~-> 00:48:58 |what the 19,006 95 level, okay. Is that that price here? Absolutely not. Okay.
475 |474 |00:48:58 ~-~-> 00:49:03 |But is it moving in that direction? Yes, and that's all you're looking for. As a
476 |475 |00:49:03 ~-~-> 00:49:07 |short term intraday trader, you're looking for something to provide a
477 |476 |00:49:07 ~-~-> 00:49:12 |catalyst. Okay, if you're bullish, what gives you the framework to trust that
478 |477 |00:49:12 ~-~-> 00:49:16 |the market itself should go higher? Don't tell me the patterns that you're
479 |478 |00:49:16 ~-~-> 00:49:20 |looking for. That's the least important thing, because that's your entry. The
480 |479 |00:49:20 ~-~-> 00:49:26 |entry is not important. Why should the market go when you think it's going to
481 |480 |00:49:26 ~-~-> 00:49:33 |go up? That's the more important question. And if you go in right out of
482 |481 |00:49:33 ~-~-> 00:49:37 |the gate at 930 in the morning after a large range day, you're going to be met
483 |482 |00:49:37 ~-~-> 00:49:41 |with adversities, and you're probably going to get stopped out, even if you're
484 |483 |00:49:41 ~-~-> 00:49:46 |right on a direction where the market's going to likely go, or the short term,
485 |484 |00:49:46 ~-~-> 00:49:50 |the immediate term or the long term, draw on liquidity. If you're bullish,
486 |485 |00:49:50 ~-~-> 00:49:55 |that means, like, where you think it's going to go to as a target. You may have
487 |486 |00:49:55 ~-~-> 00:50:04 |all that right, but if you don't expect you. Adversity, range bound, time
488 |487 |00:50:04 ~-~-> 00:50:09 |distortion. That's what you're experiencing in the first 30 minutes
489 |488 |00:50:10 ~-~-> 00:50:15 |after a large range day, whether it's a bullish day or a bearish day, when you
490 |489 |00:50:15 ~-~-> 00:50:25 |see a large range day the next morning session, expect that first 30 minutes to
491 |490 |00:50:25 ~-~-> 00:50:30 |just mark time. Okay. They call it R coating, or painting, just back and
492 |491 |00:50:30 ~-~-> 00:50:34 |forth, up and down, watching paint dry and grass grows. Basically what it okay,
493 |492 |00:50:34 ~-~-> 00:50:39 |to me, it looks like a picket fence. This goes sideways, and that's what
494 |493 |00:50:39 ~-~-> 00:50:46 |you're seeing, essentially in price action in that first few minutes of
495 |494 |00:50:46 ~-~-> 00:50:52 |trading, it's just like, and then you wait for a minute to move. What would
496 |495 |00:50:52 ~-~-> 00:50:57 |that be? Well, as I outlined on Twitter this morning, I I put a poll up, and I
497 |496 |00:50:57 ~-~-> 00:51:03 |haven't looked at the the polls results yet. Okay, I I posted it, and then I
498 |497 |00:51:03 ~-~-> 00:51:10 |went and had some late breakfast with my wife while we were getting ready to
499 |498 |00:51:10 ~-~-> 00:51:15 |start this live stream. And before I left Twitter, I told everybody. I said,
500 |499 |00:51:15 ~-~-> 00:51:20 |I would rather see the market drop initially and then move towards that
501 |500 |00:51:20 ~-~-> 00:51:25 |19,006 95 level, because it's really smooth, relative equal highs up here.
502 |501 |00:51:25 ~-~-> 00:51:28 |There's like, four or five highs up there that just did not get through last
503 |502 |00:51:28 ~-~-> 00:51:32 |week. And we were giving it a chance to reach for it, but it just said, No, I'm
504 |503 |00:51:32 ~-~-> 00:51:36 |not interested yet. And they had a nice drop away from that big drop, actually.
505 |504 |00:51:37 ~-~-> 00:51:42 |So everybody has forgot about that level. Nobody has any interest in that
506 |505 |00:51:42 ~-~-> 00:51:47 |level. And when I asked everyone that to mark their 60 minute and 15 minute, buy
507 |506 |00:51:47 ~-~-> 00:51:53 |side, sell side, they are looking at, you know, the ones that were formed five
508 |507 |00:51:53 ~-~-> 00:51:59 |candles ago, one of my minute chart, you have to zoom out. You have to zoom out
509 |508 |00:51:59 ~-~-> 00:52:06 |and see, okay, Where can this thing be reaching for? And some of you completely
510 |509 |00:52:06 ~-~-> 00:52:11 |forgot about that, that level up there, and it's still in the cards. It's still
511 |510 |00:52:11 ~-~-> 00:52:15 |potentially possible for that to be traded to this week. It could be traded
512 |511 |00:52:15 ~-~-> 00:52:20 |there today, if it really wants to get wild and crazy about it. But that is a
513 |512 |00:52:20 ~-~-> 00:52:25 |logical level to draw to because it's so smooth, it's so perfectly designed,
514 |513 |00:52:25 ~-~-> 00:52:29 |where they all agree with maybe just slightly lower than that, but that, that
515 |514 |00:52:30 ~-~-> 00:52:36 |90,006 95 level is it's right for the picking basically. Now we have some
516 |515 |00:52:36 ~-~-> 00:52:39 |rains to get through to get to that level. And I'm not saying this is going
517 |516 |00:52:39 ~-~-> 00:52:43 |to be a straight line to it. But in my mind, that's what I was thinking about
518 |517 |00:52:43 ~-~-> 00:52:47 |in terms of the narrative today. And when I'm live streaming this and I'm
519 |518 |00:52:47 ~-~-> 00:52:50 |talking to you, that's why I felt confident about talking about how, see,
520 |519 |00:52:50 ~-~-> 00:52:55 |I like how it's been keeping the ability to not go above that 280, 8.75 level.
521 |520 |00:52:56 ~-~-> 00:53:00 |Rewind it, you'll hear me talk about it, and then I think it's going to roll
522 |521 |00:53:00 ~-~-> 00:53:06 |over. And you can take out that initial low of the day at the bottom end of that
523 |522 |00:53:06 ~-~-> 00:53:12 |new dog, or in dog New Day, opening gap at the time. I said we're hitting that.
524 |523 |00:53:12 ~-~-> 00:53:17 |We're going to see if it wants to roll over and take out that initial low. It
525 |524 |00:53:17 ~-~-> 00:53:24 |does so towards what level it's the lower quadrant of that one hour buy,
526 |525 |00:53:24 ~-~-> 00:53:31 |side of balance, outside of efficiency. So if it's bullish, is it better for it
527 |526 |00:53:31 ~-~-> 00:53:34 |to come all the way down and touch this candle high? Like everybody thinks
528 |527 |00:53:34 ~-~-> 00:53:38 |that's that's how inefficiencies are traded. Bro. Inefficiencies have always
529 |528 |00:53:38 ~-~-> 00:53:43 |been around. Bro. You didn't invent an inefficiency. No, I didn't. I didn't
530 |529 |00:53:43 ~-~-> 00:53:48 |invent an inefficiency. I invented the proper logic to trade them okay? And
531 |530 |00:53:48 ~-~-> 00:53:52 |what you want to see is, you want to see them not completely filled. You don't
532 |531 |00:53:52 ~-~-> 00:53:58 |want to see them fill. You've never heard Chris Laurie teach that in any of
533 |532 |00:53:58 ~-~-> 00:54:03 |his teachings. I have every single one of his recordings before he changed his,
534 |533 |00:54:04 ~-~-> 00:54:10 |his his what he called his program. He that he asked me. He gave me login
535 |534 |00:54:10 ~-~-> 00:54:14 |information I didn't pay for that. He gave me long information to look at and
536 |535 |00:54:14 ~-~-> 00:54:15 |critique what he was doing.
537 |536 |00:54:18 ~-~-> 00:54:23 |It was never in any of his lectures. So I don't teach liquidity voids being
538 |537 |00:54:23 ~-~-> 00:54:27 |filled in completely there through trade. It can trade all the way down to
539 |538 |00:54:27 ~-~-> 00:54:30 |that low, but that's not what I'm looking for, and that's what I'm
540 |539 |00:54:30 ~-~-> 00:54:35 |teaching you to look for, the opening, staying some portion open, because what
541 |540 |00:54:35 ~-~-> 00:54:42 |that means is everybody thinks that this level is where it should trade to. If
542 |541 |00:54:42 ~-~-> 00:54:45 |they have any understanding about market inefficiencies, they think that this
543 |542 |00:54:45 ~-~-> 00:54:51 |candle sticks high here. They think this is the this is the bees knees, baby.
544 |543 |00:54:51 ~-~-> 00:54:54 |They want to get in there and try to get in as low as they possibly can to buy
545 |544 |00:54:54 ~-~-> 00:55:02 |that. And I am telling you you want to grade you. That inefficiency that's
546 |545 |00:55:02 ~-~-> 00:55:08 |defined like this, okay, between this candle is low and this candle is high,
547 |546 |00:55:08 ~-~-> 00:55:16 |and if you drop your fib on that and you put it in 25% 50% and 75% of that range,
548 |547 |00:55:16 ~-~-> 00:55:20 |you can see what the algorithm will do, because it's doing this very thing here,
549 |548 |00:55:20 ~-~-> 00:55:26 |the mechanism that it's calculating on is they're taking it this high, this
550 |549 |00:55:26 ~-~-> 00:55:30 |low, and they're getting this level, this level, and this level. And it will
551 |550 |00:55:30 ~-~-> 00:55:33 |not if it wants to go higher, it will not go down here and touch this one.
552 |551 |00:55:34 ~-~-> 00:55:38 |That's what smart money is looking for. It's looking for this lower quadrant or
553 |552 |00:55:38 ~-~-> 00:55:43 |halfway point. Ideally you want to see it in the upper half, but if it's going
554 |553 |00:55:43 ~-~-> 00:55:48 |to go below it, then it becomes essential for it to be respecting the
555 |554 |00:55:48 ~-~-> 00:55:54 |lower quadrant and still leave that lower boundary point intact, not trade
556 |555 |00:55:54 ~-~-> 00:55:59 |to it. That's what they want to see. Okay, so contrast that with everything
557 |556 |00:55:59 ~-~-> 00:56:02 |else out there, and it's completely standing on its own. And that's what my
558 |557 |00:56:02 ~-~-> 00:56:06 |challenge has always been. You know, I don't mind, I don't mind criticism. I
559 |558 |00:56:06 ~-~-> 00:56:09 |don't mind skepticism. In fact, in fact, I encourage it. Look at the antics I put
560 |559 |00:56:09 ~-~-> 00:56:14 |on social media. I want you to, I want you to think, Man, this guy's such a
561 |560 |00:56:14 ~-~-> 00:56:17 |clown, I'm gonna go ahead and improve. And guess what? You end up proving that
562 |561 |00:56:17 ~-~-> 00:56:20 |I'm right, and then you're a student. And that's how it works. That's, that's
563 |562 |00:56:20 ~-~-> 00:56:25 |the way the exchange is here. I'm a market maker. I set you up. I give you a
564 |563 |00:56:25 ~-~-> 00:56:28 |due to swing. I tell you to chase something for the purpose of you think
565 |564 |00:56:28 ~-~-> 00:56:31 |you're going to expose me and try to make me look stupid, but you end up
566 |565 |00:56:31 ~-~-> 00:56:37 |making me look every bit of intelligent I claim to be in the beginning. And it's
567 |566 |00:56:37 ~-~-> 00:56:45 |fun, and you love it. So anyway, the liquidity here was taken. So this is
568 |567 |00:56:45 ~-~-> 00:56:50 |your Judah swing. It's a deferred market delivery. Whereas initially you have
569 |568 |00:56:50 ~-~-> 00:56:55 |this, it drops down and gives you a short term low, and then it rallies and
570 |569 |00:56:55 ~-~-> 00:56:58 |they take out a short term swing high. Because what will what will traders
571 |570 |00:56:58 ~-~-> 00:57:04 |think that do happen to be on side with maybe they're expecting the market to go
572 |571 |00:57:04 ~-~-> 00:57:06 |higher the next day after a big, large range of clothes day, maybe they're
573 |572 |00:57:06 ~-~-> 00:57:10 |right, okay? Because sometimes, you know, I was, I was right, you know, for
574 |573 |00:57:10 ~-~-> 00:57:14 |a few months, not knowing what I was doing back in the 90s. I thought it was
575 |574 |00:57:14 ~-~-> 00:57:18 |skill, admittedly, but I was humbled. Probably doesn't sound like I was
576 |575 |00:57:18 ~-~-> 00:57:24 |humbled the way I talk, you know, on Twitter, but they'll see that as a
577 |576 |00:57:24 ~-~-> 00:57:28 |breakout. Now, I was never really a breakout trader. It didn't make any
578 |577 |00:57:28 ~-~-> 00:57:32 |sense to me, because to me, it just means your stock has to be farther away.
579 |578 |00:57:33 ~-~-> 00:57:36 |But I get that there's a school of thought out there, and people out there
580 |579 |00:57:36 ~-~-> 00:57:40 |claim to be profitable, that that's how they trade. They never use a stop loss,
581 |580 |00:57:40 ~-~-> 00:57:46 |and it's just, it's gambling, in my opinion, but that is still a trading
582 |581 |00:57:46 ~-~-> 00:57:52 |approach that is used in the marketplace. When they have that
583 |582 |00:57:52 ~-~-> 00:57:55 |confirmation that they think is confirmation that the market's bullish,
584 |583 |00:57:55 ~-~-> 00:58:01 |anyone and everyone that may take longs in this market, they're going to start
585 |584 |00:58:01 ~-~-> 00:58:04 |looking for where their stop loss would be, and they're only lost the place at
586 |585 |00:58:04 ~-~-> 00:58:08 |this point here, when there's a breakout. Is it this low? Can they hide
587 |586 |00:58:08 ~-~-> 00:58:15 |that from you? Am I hiding it from you? I'm still seeing people tell them in the
588 |587 |00:58:15 ~-~-> 00:58:18 |comment section that I'm hiding something. I'm literally explaining it.
589 |588 |00:58:18 ~-~-> 00:58:23 |I'm explaining it so my son can understand it. And it's happening. It's
590 |589 |00:58:23 ~-~-> 00:58:29 |it's unfolding as we talk about it. It's not hindsight. That low is your initial
591 |590 |00:58:29 ~-~-> 00:58:34 |low on a day that is predisposed to go higher. So they're going to give them a
592 |591 |00:58:34 ~-~-> 00:58:42 |trap. They're going to do what the predator goes down to the watering hole.
593 |592 |00:58:42 ~-~-> 00:58:45 |That's that blue shaded area here. That's that buy side balance, cell sound
594 |593 |00:58:45 ~-~-> 00:58:48 |efficiency. The Predator, at night time, gets its drink, okay, and then it
595 |594 |00:58:48 ~-~-> 00:58:56 |leaves, then it comes back. After all the gazelles, the water buffalo, they
596 |595 |00:58:56 ~-~-> 00:59:00 |all start coming right here because they saw the predator leave. They saw its
597 |596 |00:59:00 ~-~-> 00:59:06 |foot tracks, like the scent, okay, the lions in the the things that could eat
598 |597 |00:59:06 ~-~-> 00:59:12 |me, they are no longer at the waterhole. So they come and they go down air and
599 |598 |00:59:12 ~-~-> 00:59:21 |they start drinking. And this is exactly where the predator stalks they want to
600 |599 |00:59:21 ~-~-> 00:59:25 |eat. They're eating right in that low area there.
601 |600 |00:59:31 ~-~-> 00:59:38 |So when it, when it gets below this low here, this is your hunting zone. You're
602 |601 |00:59:38 ~-~-> 00:59:44 |in there trying to consume less informed traders. I do not care if they lost
603 |602 |00:59:44 ~-~-> 00:59:48 |money on the other side of my trade. That's the whole reason why I'm in here.
604 |603 |00:59:48 ~-~-> 00:59:56 |I want them to go down one swallow. Goodbye. You're consumed, devoured. I'm
605 |604 |00:59:56 ~-~-> 01:00:03 |hunting you. I'm teaching you how to. Hunt? Does a lion look down on its prey
606 |605 |01:00:03 ~-~-> 01:00:11 |before it kills and eats it. Does? It apologize? No, look what it does. It's
607 |606 |01:00:11 ~-~-> 01:00:18 |swift about it. It tucks its head under its neck, goes right for the jugular and
608 |607 |01:00:18 ~-~-> 01:00:25 |crushes its wind plate. But it also, when it messes with hyenas, it'll run
609 |608 |01:00:25 ~-~-> 01:00:31 |them down and break their back just for the fun of it, because it wants all the
610 |609 |01:00:31 ~-~-> 01:00:38 |other ones to see what that line does to that one. What do you think that is a
611 |610 |01:00:38 ~-~-> 01:00:45 |metaphorical in trading. That's what people do when they know what they're
612 |611 |01:00:45 ~-~-> 01:00:48 |talking about, and they go in front of laughing hyenas, and they show them
613 |612 |01:00:48 ~-~-> 01:00:55 |every single day, I can break your spine and render you useless and toy with you.
614 |613 |01:00:55 ~-~-> 01:00:59 |Oh, eventually consume you. But that's not what you're seeing here. This is
615 |614 |01:00:59 ~-~-> 01:01:05 |engineering liquidity. When the market trades down in below this low, there has
616 |615 |01:01:05 ~-~-> 01:01:10 |to be some level, because we're not trading zones, okay, we're not doing
617 |616 |01:01:10 ~-~-> 01:01:15 |supply and demand zones. We're trading very specific price levels. So this is
618 |617 |01:01:15 ~-~-> 01:01:20 |why this is not supply and demand. What levels would there be an interest in?
619 |618 |01:01:20 ~-~-> 01:01:27 |Well, you have this low here. I know this is some good stuff, isn't it? Can't
620 |619 |01:01:27 ~-~-> 01:01:34 |believe you're getting this for free. Thank my son for it. You're a jerk. You
621 |620 |01:01:34 ~-~-> 01:01:39 |should have always been teaching this way. Okay? I said it already, so you
622 |621 |01:01:39 ~-~-> 01:01:40 |don't have to leave a comment now.
623 |622 |01:01:49 ~-~-> 01:01:57 |All right, so that sell side there, that's retail Smart Money waits for the
624 |623 |01:01:57 ~-~-> 01:02:01 |algorithm, because it's two different things there. The algorithm is a price
625 |624 |01:02:01 ~-~-> 01:02:07 |engine that drops price down here, that lets Smart Money accumulate their long
626 |625 |01:02:07 ~-~-> 01:02:20 |positions at a time and place. Now, what's the missing pieces? Price? What
627 |626 |01:02:20 ~-~-> 01:02:25 |price? Well, you have this five sign down, sell sign in efficiency. We grade
628 |627 |01:02:25 ~-~-> 01:02:29 |that lower quadrant, consequent encroachment, upper quadrant and the
629 |628 |01:02:29 ~-~-> 01:02:35 |high. Where does this low form? Just above, consequent encroachment. So if
630 |629 |01:02:35 ~-~-> 01:02:42 |you are a trader that wants to scale in, you can't do this in certain prop firms.
631 |630 |01:02:42 ~-~-> 01:02:45 |So you'll have to wait for what I'll show you in a second. You want to see it
632 |631 |01:02:45 ~-~-> 01:02:49 |trade down into consequence. You can scale in, do one contract there, and if
633 |632 |01:02:49 ~-~-> 01:02:53 |it gets down to lower project, you want to do one contract there, and then your
634 |633 |01:02:53 ~-~-> 01:02:57 |stop needs to be at least two to three ticks below the buy side of balance,
635 |634 |01:02:57 ~-~-> 01:03:02 |outside efficiency, because it can touch the low you we don't want to happen, but
636 |635 |01:03:02 ~-~-> 01:03:08 |you have to afford yourself the potential seeing that deliver all the
637 |636 |01:03:08 ~-~-> 01:03:12 |way down to that candlesticks high down here on the hourly chart. Okay, so the
638 |637 |01:03:12 ~-~-> 01:03:15 |price levels you're looking for is a lower quadrant, and consequent
639 |638 |01:03:15 ~-~-> 01:03:21 |encroachment meant any inefficiency between those two price points. Watch
640 |639 |01:03:23 ~-~-> 01:03:29 |PhD level. Oh, my goodness, man, this is amazing. I know I actually have old
641 |640 |01:03:29 ~-~-> 01:03:34 |floor traders and I have quote, unquote institutional guys in the comment
642 |641 |01:03:34 ~-~-> 01:03:39 |section telling me this is mind blowing. Yes, of course it is. It's ICT talking
643 |642 |01:03:39 ~-~-> 01:03:43 |about it. We talking about, are you surprised? So we have this price level
644 |643 |01:03:43 ~-~-> 01:03:47 |here and this price level here, so when price trades into it there, that is a
645 |644 |01:03:47 ~-~-> 01:03:51 |what as a potential entry. Now, would it be wise for you just because it trades
646 |645 |01:03:51 ~-~-> 01:03:59 |down there on a down candle? Would that be wise to trade that? No, just simply
647 |646 |01:03:59 ~-~-> 01:04:03 |because it's cheap and it's at the price level. Is that a good time to be a
648 |647 |01:04:03 ~-~-> 01:04:11 |buyer? No, because we have to be a buyer after it shows us it's given enough
649 |648 |01:04:12 ~-~-> 01:04:15 |enough information. We're not looking for confirmation per se. We're just
650 |649 |01:04:15 ~-~-> 01:04:19 |looking for a little bit more, because this thing could still drop all the way
651 |650 |01:04:19 ~-~-> 01:04:22 |down to the low of that buy side of balance, outside efficiency, which is on
652 |651 |01:04:22 ~-~-> 01:04:29 |the hourly chart over here. Okay, so what we could look for is price trading
653 |652 |01:04:29 ~-~-> 01:04:33 |down to consequent encroachment, and we know that it could potentially trade
654 |653 |01:04:33 ~-~-> 01:04:37 |down to the lower quadrant too. So you could do one contract here, just to make
655 |654 |01:04:37 ~-~-> 01:04:41 |sure you got something on. Now, if you're in a certain particular prop
656 |655 |01:04:41 ~-~-> 01:04:45 |firm, you won't be able to add the next position where I'm going to show you,
657 |656 |01:04:45 ~-~-> 01:04:48 |because it's they're going to say that you're, you know, I forgot what they
658 |657 |01:04:48 ~-~-> 01:04:52 |call it. I saw other youtubers talking about that you're, you're averaging in,
659 |658 |01:04:53 ~-~-> 01:04:57 |and you're adding to a losing trade. So they don't, apparently want me doing
660 |659 |01:04:57 ~-~-> 01:05:01 |that. And I guess that's that's okay, but here's how. Here's how you turn that
661 |660 |01:05:01 ~-~-> 01:05:05 |upside down against that. Okay, you see this price. You wait for it to trade to
662 |661 |01:05:05 ~-~-> 01:05:10 |it, and then watch how it behaves. It trades to it returns back up into old
663 |662 |01:05:10 ~-~-> 01:05:14 |low this portion of the city, which is this candle sticks low to this. Candle
664 |663 |01:05:14 ~-~-> 01:05:17 |sticks high. The most sensitive price points are going to be in the lower half
665 |664 |01:05:17 ~-~-> 01:05:22 |of it. That's this watch. These are all the things that you're supposed to be
666 |665 |01:05:22 ~-~-> 01:05:27 |doing every night. Caleb and all of you that are watching, you want to look at
667 |666 |01:05:27 ~-~-> 01:05:30 |all these price runs and see this is a signature. Does it get up there to the
668 |667 |01:05:30 ~-~-> 01:05:33 |midpoint? No. So what does that mean? It's weak. So it's going to go to the
669 |668 |01:05:33 ~-~-> 01:05:38 |next level. What level? This level down here, the lower quadrant of the Boston
670 |669 |01:05:38 ~-~-> 01:05:42 |balance, cell sign, efficiency. So when we're seeing that, we wait for it to
671 |670 |01:05:42 ~-~-> 01:05:46 |drop down, then this candle we open up. Trade right to this candle sticks low.
672 |671 |01:05:46 ~-~-> 01:05:50 |What is that? That's an immediate rebalance. Every single one of you
673 |672 |01:05:50 ~-~-> 01:05:54 |should be screenshot, I'll move out of the way. Screenshot, this candle sticks
674 |673 |01:05:54 ~-~-> 01:05:57 |high right here. I'll move my cursor out of the way in a second. But what you're
675 |674 |01:05:57 ~-~-> 01:06:01 |going to do is you're going to load a line on here and draw that out in time.
676 |675 |01:06:01 ~-~-> 01:06:06 |Or you can draw it this way and annotate that as a immediate rebalance, and the
677 |676 |01:06:06 ~-~-> 01:06:11 |market drops aggressively. Go ahead and take a shot of that right there. And
678 |677 |01:06:11 ~-~-> 01:06:18 |then also this discount wick. Look what it's doing. It's always been in front of
679 |678 |01:06:18 ~-~-> 01:06:21 |you, but you never, you never noticed it. So you have immediate rebalance plus
680 |679 |01:06:21 ~-~-> 01:06:25 |consequent encroachment. Oh my goodness. And it's also trading, where near
681 |680 |01:06:26 ~-~-> 01:06:29 |consequent encroachment of the bison, amount, cell, sign, efficiency. So
682 |681 |01:06:29 ~-~-> 01:06:33 |that's not one thing, that's not two things, that's three things, and the
683 |682 |01:06:33 ~-~-> 01:06:37 |products goes down and hits the lower quadrant. And trace this a little bit
684 |683 |01:06:37 ~-~-> 01:06:44 |past it. Now here's where it gets on if we don't want to see that lower quadrant
685 |684 |01:06:44 ~-~-> 01:06:48 |traded too. Because in an ideal world, ultimately, that's how it should be. If
686 |685 |01:06:48 ~-~-> 01:06:53 |that's the case, I know you're I know you're watching this, thinking, damn,
687 |686 |01:06:53 ~-~-> 01:06:58 |this guy's good. Look at this. It's so it's so amazing, right? I know it's,
688 |687 |01:06:58 ~-~-> 01:07:02 |it's freaking boring, but I love that. You get excited about it. I get off on
689 |688 |01:07:02 ~-~-> 01:07:06 |it. I love living vicarious through all of you experiencing it for the first
690 |689 |01:07:06 ~-~-> 01:07:12 |time. So this candlestick right here hits the lower quadrant. Let it sweep
691 |690 |01:07:12 ~-~-> 01:07:15 |this level, that lower quadrant of the bison valve cell sign efficiency over
692 |691 |01:07:15 ~-~-> 01:07:20 |here. It does that here, and then we see what the market trade higher soon as
693 |692 |01:07:20 ~-~-> 01:07:27 |this candlestick right there, that opening price, plus the volume
694 |693 |01:07:27 ~-~-> 01:07:33 |imbalance, that's there, see that there's two PB arrays, two of them after
695 |694 |01:07:33 ~-~-> 01:07:38 |it's hit the lowest level that we want to see trade to, and it's already worked
696 |695 |01:07:38 ~-~-> 01:07:43 |below it a little bit. Now we have the market trade higher right there. That
697 |696 |01:07:43 ~-~-> 01:07:48 |makes that candlestick right there, and these series of candlesticks, here's
698 |697 |01:07:48 ~-~-> 01:07:52 |some order, block theory, okay, there's a chapter coming out. Ready? You ready
699 |698 |01:07:52 ~-~-> 01:08:01 |for it? This opening price? Oh, this is the good stuff. I am going to start
700 |699 |01:08:01 ~-~-> 01:08:04 |writing this stuff down. I this stuff down. I wasn't interested until you
701 |700 |01:08:04 ~-~-> 01:08:09 |started talking about this ICT. Now I'm going to write this stuff down, and then
702 |701 |01:08:09 ~-~-> 01:08:18 |you have this one there. This is the change in the state of delivery, right
703 |702 |01:08:18 ~-~-> 01:08:24 |there. Now, why? What's the what's the point of that? Because we've already hit
704 |703 |01:08:24 ~-~-> 01:08:27 |the lowest level that we want to see, traded to in that buy side of balance,
705 |704 |01:08:27 ~-~-> 01:08:34 |cell sign efficiency. See that we below it, traded higher. And then what happens
706 |705 |01:08:34 ~-~-> 01:08:40 |the very next candle we open up here. So there's a separation between this candle
707 |706 |01:08:40 ~-~-> 01:08:47 |sticks close, and this candle sticks open. See that? So this makes this what
708 |707 |01:08:48 ~-~-> 01:08:54 |at the time of this opening? That makes this a vacuum block where there's
709 |708 |01:08:54 ~-~-> 01:08:59 |there's no price at all between these two candlesticks touching, except for
710 |709 |01:08:59 ~-~-> 01:09:05 |this wig. It trades down to this candle sticks close. That is an immediate
711 |710 |01:09:05 ~-~-> 01:09:11 |rebalance, because the wick is a gap. So we trade down immediately there, and
712 |711 |01:09:11 ~-~-> 01:09:16 |then price starts to deliver all the way up to the first of all these down closed
713 |712 |01:09:16 ~-~-> 01:09:23 |candles. This is the high of your entire order. Block market opens up here,
714 |713 |01:09:23 ~-~-> 01:09:28 |trades down into the order block here, and then start setting price higher.
715 |714 |01:09:32 ~-~-> 01:09:36 |Reaching up creates a swing high, towards the high end of that opening
716 |715 |01:09:36 ~-~-> 01:09:45 |range, gap, sell side, taken off that low low takes out that low they are
717 |716 |01:09:45 ~-~-> 01:09:49 |cumulating what sell side to send it where, higher so.
718 |717 |01:10:03 ~-~-> 01:10:11 |Now, if you're looking on a day, there wasn't a very large range day, like,
719 |718 |01:10:11 ~-~-> 01:10:15 |say, for instance, yesterday, we didn't have this monster of a daily
720 |719 |01:10:15 ~-~-> 01:10:18 |candlestick. Say, it was just within the realm of an average daily range, maybe
721 |720 |01:10:18 ~-~-> 01:10:23 |just a little bit above it you could be trading the morning session, and you
722 |721 |01:10:23 ~-~-> 01:10:28 |would not have to incur all the hardships that the initial 30 minutes of
723 |722 |01:10:28 ~-~-> 01:10:34 |trading can afford you, like it did today. And also you're more inclined to
724 |723 |01:10:34 ~-~-> 01:10:38 |see a more protracted run in price. That means where we took out the short term
725 |724 |01:10:38 ~-~-> 01:10:48 |high here. There this high on the one minute chart, is this line here on the
726 |725 |01:10:48 ~-~-> 01:10:52 |15 second chart. So we had high, slightly lower high, so relative equal
727 |726 |01:10:52 ~-~-> 01:11:02 |highs. They rallied it and then sank it. All of this, all this type of price
728 |727 |01:11:02 ~-~-> 01:11:07 |action. They're all characteristic of a trading session in the morning after a
729 |728 |01:11:07 ~-~-> 01:11:14 |large range day. So my question to you is this, do you want to trade when the
730 |729 |01:11:14 ~-~-> 01:11:19 |market has these things that you have to worry about when you're experience
731 |730 |01:11:19 ~-~-> 01:11:25 |levels a lot lower, because you're just now starting to learn about or do you
732 |731 |01:11:25 ~-~-> 01:11:30 |see the advantages of seeing these characteristics? Okay? And this is what
733 |732 |01:11:30 ~-~-> 01:11:33 |I should have done in the beginning. When I was doing paid mentorship in 2016
734 |733 |01:11:35 ~-~-> 01:11:39 |I expected the people, because they paid that, they would just simply look at the
735 |734 |01:11:39 ~-~-> 01:11:43 |logic, look at what I'm showing them in real time, price action and teaching
736 |735 |01:11:43 ~-~-> 01:11:46 |them that it was a graduated understanding. They can't learn it all
737 |736 |01:11:46 ~-~-> 01:11:49 |in one time. There's no way I could teach everything in one session. There's
738 |737 |01:11:49 ~-~-> 01:11:53 |so many things. I mean, you want the highest understanding of what price is
739 |738 |01:11:53 ~-~-> 01:11:56 |likely to do and why it should algorithmically deliver that can't be
740 |739 |01:11:56 ~-~-> 01:12:00 |delivered in these little, short videos that you're asking for. You have to
741 |740 |01:12:00 ~-~-> 01:12:03 |treat it like college. This is the college degree that you really need.
742 |741 |01:12:04 ~-~-> 01:12:09 |It's not the stuff they they sell you in those those indoctrination centers. So
743 |742 |01:12:11 ~-~-> 01:12:16 |is it beneficial? This was the question I should have led into with my first
744 |743 |01:12:16 ~-~-> 01:12:19 |teaching, and should have repeated every single day for the first three months
745 |744 |01:12:19 ~-~-> 01:12:26 |back in 2016 through paid mentorship, I'm going to show you conditions in a
746 |745 |01:12:26 ~-~-> 01:12:30 |good, low resistance market condition, and I'm going to show you
747 |746 |01:12:31 ~-~-> 01:12:36 |characteristics and price delivery in high resistance conditions. So that
748 |747 |01:12:36 ~-~-> 01:12:43 |means you're going to see what it looks like on both sides of the spectrum. Now
749 |748 |01:12:43 ~-~-> 01:12:47 |the advantages are, this is what you don't realize when you start studying
750 |749 |01:12:47 ~-~-> 01:12:53 |with me, is when, when price is in a condition or characteristic that's
751 |750 |01:12:53 ~-~-> 01:12:58 |defined by in the morning session, after a large range day, I've taught this.
752 |751 |01:12:58 ~-~-> 01:13:03 |I've never deviated from this. And I this was something I picked up in 1995 I
753 |752 |01:13:03 ~-~-> 01:13:07 |do not deviate from this every single time after, it's a large range day, I
754 |753 |01:13:07 ~-~-> 01:13:14 |always remind my students of this the morning session after, you have to be
755 |754 |01:13:14 ~-~-> 01:13:20 |extremely careful not to get all caught up and think that you have, you know,
756 |755 |01:13:20 ~-~-> 01:13:23 |everything figured out, not in the beginning. Again, the beginning, you're
757 |756 |01:13:23 ~-~-> 01:13:26 |going to you're not going to know what you think you you should know, and
758 |757 |01:13:26 ~-~-> 01:13:31 |you're going to discover that you don't know what you should have known, because
759 |758 |01:13:31 ~-~-> 01:13:36 |your your experience levels is not there yet. And that's a normal thing. But do
760 |759 |01:13:36 ~-~-> 01:13:42 |you agree? Do you agree that it is advantageous. That means it's helpful to
761 |760 |01:13:42 ~-~-> 01:13:51 |you. It's helpful for you to recognize that this watering hole has a whole lot
762 |761 |01:13:51 ~-~-> 01:13:59 |more predators around it than another time when there is less foot traffic on
763 |762 |01:13:59 ~-~-> 01:14:02 |the ground, in the sand, you can see that there's, there hasn't been a whole
764 |763 |01:14:02 ~-~-> 01:14:06 |lot of activity around the world, so you're probably going to be able to make
765 |764 |01:14:06 ~-~-> 01:14:12 |it out of the out of the scene after you get your drink in, in plain terms. It's
766 |765 |01:14:12 ~-~-> 01:14:16 |this, do you think it's helpful to you to know when you're probably going to
767 |766 |01:14:16 ~-~-> 01:14:24 |lose money easily? What's going to make your trade harder to pan out. So you
768 |767 |01:14:24 ~-~-> 01:14:29 |want to know what it looks like to trade in low resistance, liquidity runs. Okay,
769 |768 |01:14:29 ~-~-> 01:14:33 |yeah, I want to teach it to you, and I have been. But the easiest way to
770 |769 |01:14:33 ~-~-> 01:14:38 |determine what that is is by showing you what it looks like when it's harder. But
771 |770 |01:14:38 ~-~-> 01:14:41 |you want to avoid those things. They'll only talk to me when it's going to be
772 |771 |01:14:41 ~-~-> 01:14:44 |easy. ICT, just tell me what you know the market's going to do. So just tell
773 |772 |01:14:44 ~-~-> 01:14:49 |us what the market's going to do. I am but you're not liking the way that
774 |773 |01:14:49 ~-~-> 01:14:53 |medicine tastes, and instead of swallowing you're spitting it out. And
775 |774 |01:14:54 ~-~-> 01:14:58 |that's going to be used in sound clips, and it wasn't intended for that purpose,
776 |775 |01:14:58 ~-~-> 01:15:04 |but you get what I'm saying. So the point is this, by learning the difficult
777 |776 |01:15:05 ~-~-> 01:15:09 |pathways to what you're trying to get, you'll also know that there are certain
778 |777 |01:15:09 ~-~-> 01:15:14 |pathways that are actually a lot more smoother. There's no rocks in it. It's
779 |778 |01:15:14 ~-~-> 01:15:19 |soft, it's soft soil. There's no thorn bushes. It's a little bit wider. You can
780 |779 |01:15:19 ~-~-> 01:15:23 |see down the pathway a little bit further, but the only way you can
781 |780 |01:15:23 ~-~-> 01:15:27 |appreciate that way of doing it is by walking through the bramble bush,
782 |781 |01:15:27 ~-~-> 01:15:32 |walking through the stony pathways that have lots of things. It's going to
783 |782 |01:15:32 ~-~-> 01:15:35 |scratch you all up. It's going to feel like I don't want to do this. That's
784 |783 |01:15:35 ~-~-> 01:15:41 |exactly how you should study because trading is going to present those
785 |784 |01:15:41 ~-~-> 01:15:44 |characteristics to you, if you stay in this industry long enough, you're going
786 |785 |01:15:44 ~-~-> 01:15:48 |to see that happen. There's going to be periods where your trading is going to
787 |786 |01:15:48 ~-~-> 01:15:55 |be like that, but there are specific and generic trading times where the market
788 |787 |01:15:55 ~-~-> 01:15:59 |will present these unfortunate characteristics where you just can't go
789 |788 |01:15:59 ~-~-> 01:16:03 |in in one entry and keep pyramiding, and it's never going to retrace on you, and
790 |789 |01:16:03 ~-~-> 01:16:07 |just this keeps running in your favor, you're going to be in like quicksand
791 |790 |01:16:07 ~-~-> 01:16:11 |initially, where it's like, it's hard to feel what it's doing. And if you watch
792 |791 |01:16:11 ~-~-> 01:16:16 |live streamers, I mean, maybe they'll do it less now, because I taught today, but
793 |792 |01:16:17 ~-~-> 01:16:22 |because they live stream, they feel obligated to perform for you. And to me,
794 |793 |01:16:22 ~-~-> 01:16:26 |that's one of the weaknesses of of live streaming, because if you're trying to
795 |794 |01:16:26 ~-~-> 01:16:32 |constantly promote something or prove that you can do something, you're not
796 |795 |01:16:32 ~-~-> 01:16:39 |making it about sound, low risk, high probability trading. You're you're in
797 |796 |01:16:39 ~-~-> 01:16:43 |the business of entertaining. I'm not here to entertain you. I'm not here for
798 |797 |01:16:43 ~-~-> 01:16:48 |that. I'm here to teach my son how to navigate this stuff. And there's going
799 |798 |01:16:48 ~-~-> 01:16:53 |to be times, even though he's my son, even though he's he has the access to
800 |799 |01:16:53 ~-~-> 01:16:59 |Enigma, which is me, I'm Enigma, there is no higher order of being able to read
801 |800 |01:16:59 ~-~-> 01:17:05 |price. This son of mine has all those those advantages, but he still has the
802 |801 |01:17:05 ~-~-> 01:17:09 |likelihood of falling victim to the conditions of the marketplace that he
803 |802 |01:17:09 ~-~-> 01:17:14 |might think he sees something in it, because it's myopic experience. It's
804 |803 |01:17:14 ~-~-> 01:17:19 |very limited in the beginning, and males tend to think that they can run faster
805 |804 |01:17:19 ~-~-> 01:17:24 |before they learn how to crawl while I don't believe that that's the case for
806 |805 |01:17:24 ~-~-> 01:17:29 |my son, I'm removing any of that enticement by reminding him and teaching
807 |806 |01:17:29 ~-~-> 01:17:35 |him that after large Range Days on a daily chart, the next morning session,
808 |807 |01:17:35 ~-~-> 01:17:40 |that means all the way through lunch. Now think about it. How do you fight
809 |808 |01:17:40 ~-~-> 01:17:43 |FOMO, how do you fight the fear of missing out? Michael, how do you teach
810 |809 |01:17:43 ~-~-> 01:17:47 |your students to wrestle with all this? Because you have all these things, and
811 |810 |01:17:47 ~-~-> 01:17:53 |people can teach your stuff because they can use hindsight moves and entices
812 |811 |01:17:53 ~-~-> 01:17:57 |people to take new trades. And I feel like I'm missing out when I see your
813 |812 |01:17:57 ~-~-> 01:18:01 |trade executions. You're all worrying about the wrong things instead of
814 |813 |01:18:01 ~-~-> 01:18:07 |saying, How can I know that I'm doing the right thing by sitting on my hands?
815 |814 |01:18:11 ~-~-> 01:18:17 |The richest traders in the world are the ones that have well written plans of
816 |815 |01:18:17 ~-~-> 01:18:24 |inactivity. I'm going to say that in another way, the richest traders are the
817 |816 |01:18:24 ~-~-> 01:18:30 |ones that have planned stillness. That means they're not trying to trade. Sure
818 |817 |01:18:30 ~-~-> 01:18:36 |these markets are moving around. They absolutely are moving around, but
819 |818 |01:18:36 ~-~-> 01:18:41 |they're not in here to prove that they can navigate every fluctuation they want
820 |819 |01:18:41 ~-~-> 01:18:46 |to be in the markets when its highest degree of probability is in their favor,
821 |820 |01:18:47 ~-~-> 01:18:53 |not in the markets favor. Do you want to go in a condition where you have the
822 |821 |01:18:53 ~-~-> 01:18:59 |highest probability of having your ass torn off, or that you have done your due
823 |822 |01:18:59 ~-~-> 01:19:03 |diligence and you have waited to a proper time when there is no large range
824 |823 |01:19:03 ~-~-> 01:19:08 |day, the previous day that would negate you trading in the morning session,
825 |824 |01:19:08 ~-~-> 01:19:13 |because your experience level is not there. I'm not saying that my advanced
826 |825 |01:19:13 ~-~-> 01:19:16 |students have been around. They have matured after being with me for a while.
827 |826 |01:19:16 ~-~-> 01:19:20 |They knew their model. There are trades that you can take. I'm not saying that
828 |827 |01:19:20 ~-~-> 01:19:23 |you should not all trade at any even time ever trading on the morning
829 |828 |01:19:23 ~-~-> 01:19:27 |session, after lunch or anything. I'm not saying that. What I'm saying is, as
830 |829 |01:19:27 ~-~-> 01:19:34 |a student, and I'm talking to my son, he can't do this yet. So if you're like
831 |830 |01:19:34 ~-~-> 01:19:37 |him, and you just can't walk out there and take down a pound of flesh and
832 |831 |01:19:37 ~-~-> 01:19:41 |trading every single day and know what you're trading for. If you can't do
833 |832 |01:19:41 ~-~-> 01:19:47 |that, then you should not be engaging in the morning session after a large range
834 |833 |01:19:47 ~-~-> 01:19:48 |day. How hard is that? It's
835 |834 |01:19:49 ~-~-> 01:19:53 |a very simple thing, but it's hard to communicate. Because people, you know, I
836 |835 |01:19:53 ~-~-> 01:19:57 |have lots of shoes that just simply will not listen to that, and they complain I
837 |836 |01:19:57 ~-~-> 01:20:00 |can't make any money. I can't do this. I can't do that. This. Stuff is so hard.
838 |837 |01:20:00 ~-~-> 01:20:03 |What are you doing? Well, I took this trade here. What day is today? It's the
839 |838 |01:20:03 ~-~-> 01:20:06 |day after yesterday. It's a large range day. And I'm trying to trade in the
840 |839 |01:20:06 ~-~-> 01:20:10 |session here, and I'm going against what would normally be expected as a bias,
841 |840 |01:20:10 ~-~-> 01:20:14 |and everything's wrong. So that tells me they didn't do anything right in terms
842 |841 |01:20:14 ~-~-> 01:20:18 |of studying. They didn't journal, they didn't talk about in their own
843 |842 |01:20:18 ~-~-> 01:20:23 |annotations what they struggle with so that they can identify what they are.
844 |843 |01:20:23 ~-~-> 01:20:26 |They're walking around with blinders on, and they just want things that work
845 |844 |01:20:26 ~-~-> 01:20:30 |perfectly for them, and it doesn't work that way. I wasted years doing that
846 |845 |01:20:30 ~-~-> 01:20:36 |stuff, expecting something, you know, just to click, and it didn't click. It
847 |846 |01:20:36 ~-~-> 01:20:44 |didn't click. I had to have an intervention. They'll call it that way.
848 |847 |01:20:45 ~-~-> 01:20:52 |And then things started being visible to me. But you have to appreciate when the
849 |848 |01:20:52 ~-~-> 01:20:59 |markets are a little bit harder, when they're being held at bay, where they
850 |849 |01:20:59 ~-~-> 01:21:04 |are not allowed to just run around and do whatever they want to do. As soon as
851 |850 |01:21:04 ~-~-> 01:21:08 |you can recognize that condition in the marketplace, the better. And as soon as
852 |851 |01:21:08 ~-~-> 01:21:11 |you recognize it, turn your charts off and walk away and come back the next
853 |852 |01:21:11 ~-~-> 01:21:14 |session. And since it's the morning session here today, the easiest thing
854 |853 |01:21:14 ~-~-> 01:21:19 |would be to turn off your charts, let it do whatever it wants to do, all through
855 |854 |01:21:20 ~-~-> 01:21:25 |until 130 and afternoon later today, and then sit down determine where the
856 |855 |01:21:25 ~-~-> 01:21:29 |highest, high and the lowest low of the day is. Look at the morning session,
857 |856 |01:21:29 ~-~-> 01:21:34 |high the low of the day in the morning session, and then what was the highs
858 |857 |01:21:34 ~-~-> 01:21:40 |that was formed in between those two reference points, the next highest or
859 |858 |01:21:40 ~-~-> 01:21:45 |the next lower, highest and the next higher low. Inside that range that
860 |859 |01:21:45 ~-~-> 01:21:49 |defines the highest, high and lowest low at 130 there's there's two buy sides
861 |860 |01:21:49 ~-~-> 01:21:53 |that you'll have and there's two sell sides that you'll have. Chances are it's
862 |861 |01:21:54 ~-~-> 01:21:57 |not going to take out both of the highest, high and lowest low, again,
863 |862 |01:21:57 ~-~-> 01:22:03 |going into the pm session, but it will gravitate to one of them. The question
864 |863 |01:22:03 ~-~-> 01:22:08 |is, which one do you think without even being at 130 yet, which one is it most
865 |864 |01:22:08 ~-~-> 01:22:13 |likely going to do? I want you to write that down in your journal and put the
866 |865 |01:22:13 ~-~-> 01:22:18 |time that you wrote down, and then at 130 watch and see what price does
867 |866 |01:22:19 ~-~-> 01:22:22 |discover where the two buy side liquidities are and two sell side
868 |867 |01:22:22 ~-~-> 01:22:25 |liquidities are. You have your lunch high, your lunch low, and you have the
869 |868 |01:22:25 ~-~-> 01:22:29 |high today and the low today. That's what you walk into the afternoon session
870 |869 |01:22:29 ~-~-> 01:22:34 |doing. It's the same thing that you would do in the London session. You're
871 |870 |01:22:34 ~-~-> 01:22:40 |just going to use the previous trading session the same way. I don't need to be
872 |871 |01:22:40 ~-~-> 01:22:43 |up at London to do I just told you how to do it. Right? Do it right there. The
873 |872 |01:22:43 ~-~-> 01:22:47 |previous day's high and low, and then the high and the low that's inside that
874 |873 |01:22:47 ~-~-> 01:22:51 |previous day's range that's formed up to two o'clock in the morning, Eastern
875 |874 |01:22:51 ~-~-> 01:22:58 |Time, that's what you're looking for. And then tomorrow, if we don't have a
876 |875 |01:22:58 ~-~-> 01:23:01 |large range data tomorrow, I'm sorry if we don't have a large range day today,
877 |876 |01:23:01 ~-~-> 01:23:07 |tomorrow's morning session will be easy. So you can see how all these things
878 |877 |01:23:07 ~-~-> 01:23:10 |because you have protocols. You're learning protocols. You're learning my
879 |878 |01:23:10 ~-~-> 01:23:14 |protocols and the things and processes that determine when I should do
880 |879 |01:23:14 ~-~-> 01:23:19 |something and when I shouldn't do something. When do I push the pedal to
881 |880 |01:23:19 ~-~-> 01:23:23 |the floor and just go all out. When should I just pump the brakes and slow
882 |881 |01:23:23 ~-~-> 01:23:26 |down? And when should I just turn the ignition off, park it and go do
883 |882 |01:23:26 ~-~-> 01:23:31 |something else? How often have you thought about that for your trading,
884 |883 |01:23:31 ~-~-> 01:23:36 |instead of just go, go, go, let's go. Let's effing go. Let's effing go.
885 |884 |01:23:36 ~-~-> 01:23:41 |Everybody wants to do that, and you have to learn to acknowledge when the
886 |885 |01:23:41 ~-~-> 01:23:47 |market's saying it's it's amateur hour right now. So anybody that comes in here
887 |886 |01:23:47 ~-~-> 01:23:52 |is getting slaughtered. Do you want to go to a rave where everybody's most
888 |887 |01:23:52 ~-~-> 01:23:57 |likely getting murdered? You want to go there? I want to go to the one that has
889 |888 |01:23:57 ~-~-> 01:24:06 |that experience, okay? Versus one. It's just got great music. It's a really
890 |889 |01:24:06 ~-~-> 01:24:09 |good, healthy environment. There's no drugs, there's no solicitation for any
891 |890 |01:24:09 ~-~-> 01:24:12 |kind of thing up there, legal. And you just have a really good time with
892 |891 |01:24:12 ~-~-> 01:24:16 |friends and listen to good music. Obviously you want to go to the second
893 |892 |01:24:16 ~-~-> 01:24:22 |one, right? So treat the market like a slaughterhouse. You don't want to be in
894 |893 |01:24:22 ~-~-> 01:24:29 |here as a sheep, because you're going to get slaughtered. You're not going to
895 |894 |01:24:29 ~-~-> 01:24:32 |come out with all of your appendages intact. You're going to lose something.
896 |895 |01:24:32 ~-~-> 01:24:36 |You're going to leave something in here if you, if you try to trade on these
897 |896 |01:24:36 ~-~-> 01:24:41 |days with no no understanding and you disregard what I'm teaching the morning
898 |897 |01:24:41 ~-~-> 01:24:46 |session, after a large range day, you have to be either dialed in and know
899 |898 |01:24:46 ~-~-> 01:24:50 |exactly what you're looking for and you're you're none of you are there yet.
900 |899 |01:24:51 ~-~-> 01:24:55 |None of you are there yet. Okay, I promise you you're not there. So it's
901 |900 |01:24:56 ~-~-> 01:25:01 |good medicine, and it's responsible of me as a educator. To tell you to simply
902 |901 |01:25:01 ~-~-> 01:25:04 |sit still and don't do anything, tape, read it. That means you're not even demo
903 |902 |01:25:04 ~-~-> 01:25:10 |trading it. I don't know. Maybe you've probably done some demo trading this
904 |903 |01:25:10 ~-~-> 01:25:14 |morning. Maybe, maybe you did something right. Maybe do something wrong. Chalk
905 |904 |01:25:14 ~-~-> 01:25:20 |it up as bullshit. And I mean that because you probably don't know what you
906 |905 |01:25:20 ~-~-> 01:25:24 |did and why you did it, and you're going to think that it means that you're
907 |906 |01:25:24 ~-~-> 01:25:27 |better than you really are, and you're going to have that inflated state of
908 |907 |01:25:27 ~-~-> 01:25:31 |mind about yourself, and you're going to go and repeat the same mistake next time
909 |908 |01:25:31 ~-~-> 01:25:34 |you have a very large range day, you're going to go in there and try to trade
910 |909 |01:25:34 ~-~-> 01:25:37 |again. But you might do it with a funded account. You might do it with real
911 |910 |01:25:37 ~-~-> 01:25:43 |money, and then now the outcome is unfavorable, and you're gonna be upset.
912 |911 |01:25:43 ~-~-> 01:25:48 |And you can avoid all that. You can avoid saying, I'm gonna never do that
913 |912 |01:25:48 ~-~-> 01:25:57 |again by simply never doing it the first time. So let's, let's take a look at
914 |913 |01:25:57 ~-~-> 01:26:01 |what we have here, and I'm gonna close it up because I went a little bit past I
915 |914 |01:26:01 ~-~-> 01:26:05 |really did want to go and close it at 1130 but there's a lot of points that I
916 |915 |01:26:05 ~-~-> 01:26:18 |want to make sure Caleb on this stuff here. Alrighty, so we have and let's
917 |916 |01:26:18 ~-~-> 01:26:23 |work on this charter here. Let's go to a 15 minute time frame, take this off.
918 |917 |01:26:37 ~-~-> 01:26:42 |All right, I do like the fact that we started the day off going deeper lower.
919 |918 |01:26:44 ~-~-> 01:26:50 |We took out the minor buy side. We only had a shallow retracement. We didn't
920 |919 |01:26:50 ~-~-> 01:26:53 |come down and take out the low of the day, which is all positive for the
921 |920 |01:26:53 ~-~-> 01:26:59 |afternoon session. So as long as we start working towards any consolidation,
922 |921 |01:26:59 ~-~-> 01:27:05 |but not taking out that low my expectation be enjoy lunch, just relax.
923 |922 |01:27:06 ~-~-> 01:27:11 |Come back to your charts around 115 1:30pm Eastern Standard Time, okay, and
924 |923 |01:27:11 ~-~-> 01:27:18 |then observe where the highest high and the lowest low of the day is. 115 in
925 |924 |01:27:18 ~-~-> 01:27:23 |time frame. Then drop down to a five minute chart, and then you'll see lower,
926 |925 |01:27:23 ~-~-> 01:27:27 |smaller, short term highs and lows that are inside the high and the low, the
927 |926 |01:27:27 ~-~-> 01:27:32 |debt, or respectively, high and low debt. And it may be a slightly higher
928 |927 |01:27:32 ~-~-> 01:27:37 |high, but whatever that high is, at 130 you note that, and then you note the
929 |928 |01:27:37 ~-~-> 01:27:42 |low, and then you use either the the lower high that you can see maybe on a
930 |929 |01:27:42 ~-~-> 01:27:45 |15 minute chart. Minute chart or chart rather or the five minute chart, if you
931 |930 |01:27:45 ~-~-> 01:27:49 |can't see it obviously, on a five minute chart, you drop down to a one minute
932 |931 |01:27:49 ~-~-> 01:27:54 |chart, you'll see the lower high that's less than the highest, the high of the
933 |932 |01:27:54 ~-~-> 01:27:59 |day, or the lowest of the low. So you're going to have two layers of buy side and
934 |933 |01:27:59 ~-~-> 01:28:05 |sell side. Or you'll watch that form as 130s trading unfolds, going into two
935 |934 |01:28:05 ~-~-> 01:28:10 |o'clock, and then at two o'clock, what you'll see is the pm session unfold, and
936 |935 |01:28:10 ~-~-> 01:28:17 |it'll start to to traverse to either the buy side of the sell side. And I'm
937 |936 |01:28:17 ~-~-> 01:28:21 |inclined to think that they're going to reach for that 19,006 95 level
938 |937 |01:28:21 ~-~-> 01:28:27 |eventually. Does it need to trade it today? No. So in my mind, I want to see
939 |938 |01:28:27 ~-~-> 01:28:33 |them give me a market structure and opportunities for the market to build
940 |939 |01:28:33 ~-~-> 01:28:39 |that narrative in price. And at 130 I'll be looking for that. And if I have
941 |940 |01:28:39 ~-~-> 01:28:44 |something that I like, I will engage it, I will trade it, I will annotate it, I
942 |941 |01:28:44 ~-~-> 01:28:47 |will go through all the motions of doing that. And then you'll see another
943 |942 |01:28:47 ~-~-> 01:28:52 |example. Okay, so I'm literally tipping my hand to you, telling you how to
944 |943 |01:28:52 ~-~-> 01:28:57 |navigate it on problematic sessions, which is after very large range days in
945 |944 |01:28:57 ~-~-> 01:29:01 |the morning session, and then what I use as a protocol, it's going to be the same
946 |945 |01:29:01 ~-~-> 01:29:04 |stuff in the book, folks. So I'm telling you, you do not need to buy my books.
947 |946 |01:29:04 ~-~-> 01:29:08 |Don't, don't wait for a book and then miss all this opportunity to learn
948 |947 |01:29:08 ~-~-> 01:29:13 |because I'm doing it dynamically over the charts, live like before it happens.
949 |948 |01:29:13 ~-~-> 01:29:16 |I'm telling you, on all these little, tiny, little time frames, how it should
950 |949 |01:29:16 ~-~-> 01:29:21 |be behaving. What is it? What's it doing it for? Why is it going here? Why should
951 |950 |01:29:21 ~-~-> 01:29:24 |it behave that way? And then I'm telling you what I'm going to do in the
952 |951 |01:29:24 ~-~-> 01:29:28 |afternoon. Every single time I trade in the afternoon session, it's what I just
953 |952 |01:29:28 ~-~-> 01:29:35 |explained to you that never changes. It never ever changes. All I want to see is
954 |953 |01:29:35 ~-~-> 01:29:39 |where the liquidity is for the highest high and the lowest low of the day. And
955 |954 |01:29:39 ~-~-> 01:29:45 |then I want to wait and see, does it make us shorter? High or a higher low,
956 |955 |01:29:45 ~-~-> 01:29:51 |basically, than the low of the day. And it will go to one of them. And price
957 |956 |01:29:51 ~-~-> 01:29:54 |isn't going to hide where it wants to go. It's going to be obvious what it's
958 |957 |01:29:54 ~-~-> 01:29:58 |going to aim for, and that sets up the framework for the afternoon session. Now
959 |958 |01:29:58 ~-~-> 01:30:07 |what makes it exciting is. In the last hour or or so, the opportunity for the
960 |959 |01:30:07 ~-~-> 01:30:14 |market to expand. Okay? I saw somebody say the other day, generally the last
961 |960 |01:30:14 ~-~-> 01:30:17 |hour of the day, you don't see the market trade and make a new high the day
962 |961 |01:30:17 ~-~-> 01:30:23 |or low of the day. That's bullshit. That is absolute bullshit, because that's
963 |962 |01:30:23 ~-~-> 01:30:28 |where it's creating the high and low of the day, and then towards the last 45
964 |963 |01:30:28 ~-~-> 01:30:32 |minutes, that's when it usually comes off of whatever high or low of the day,
965 |964 |01:30:32 ~-~-> 01:30:38 |and it goes into settlement. There's four macros in that last hour. Okay, so
966 |965 |01:30:39 ~-~-> 01:30:43 |technically, in five if you if you really want to be dogmatic about you
967 |966 |01:30:43 ~-~-> 01:30:47 |know, at the two o'clock bleed over into three o'clock, but that's another
968 |967 |01:30:47 ~-~-> 01:30:55 |discussion. But the the last hour of the day is them actually pricing in the
969 |968 |01:30:55 ~-~-> 01:31:01 |extreme, higher low of the day on big expansion candles, like a day where we
970 |969 |01:31:01 ~-~-> 01:31:05 |open near the low and close at the high that last hour of trading, that's what's
971 |970 |01:31:05 ~-~-> 01:31:10 |giving you that setup. It's going to reach and make a higher high when it's
972 |971 |01:31:10 ~-~-> 01:31:14 |bullish, or it's going to reach and make a lower low when it's bearish. And in
973 |972 |01:31:14 ~-~-> 01:31:17 |that last 45 minutes, you're basically trying to get a read for how they're
974 |973 |01:31:17 ~-~-> 01:31:22 |going to settle in. Gotta settle at the high. Are they going to come off that
975 |974 |01:31:22 ~-~-> 01:31:27 |high and come back down into the range? And that's what my focus is. That's what
976 |975 |01:31:27 ~-~-> 01:31:31 |I'm trying to trade with you. Don't ever need to trade the morning session. Ever
977 |976 |01:31:32 ~-~-> 01:31:37 |the easier trades always are going to be in the afternoon. The pm trading session
978 |977 |01:31:38 ~-~-> 01:31:43 |is the easiest trading session for index features. Always, always, always, it's
979 |978 |01:31:43 ~-~-> 01:31:47 |the easiest, absolute easiest, because you have all the daily range already in
980 |979 |01:31:47 ~-~-> 01:31:50 |there. Now, are you going to get the lions portion of the moves? Absolutely
981 |980 |01:31:50 ~-~-> 01:31:55 |not. But that's what, that's what, that's what everybody wants in the
982 |981 |01:31:55 ~-~-> 01:31:58 |beginning. They want the lions portion when you're not going to get the lions
983 |982 |01:31:58 ~-~-> 01:32:04 |portion, but to get in there and get consistent setups that are going to
984 |983 |01:32:04 ~-~-> 01:32:13 |yield to you that pm session is always ripe for the picking. So that's going to
985 |984 |01:32:13 ~-~-> 01:32:17 |be it for today. I covered a lot of stuff. I went through things that are
986 |985 |01:32:17 ~-~-> 01:32:22 |going to help you avoid drawdown, losing frustration, getting stopped out or
987 |986 |01:32:22 ~-~-> 01:32:26 |chopped up, as they call it. The job is real, right? Patrick, the the
988 |987 |01:32:32 ~-~-> 01:32:36 |benefits of knowing this information, you can't appreciate that yet, so you
989 |988 |01:32:36 ~-~-> 01:32:41 |start working with every single day, whether you're trading with a funded
990 |989 |01:32:41 ~-~-> 01:32:47 |account, funded account challenge or life or demo, you're going to see the
991 |990 |01:32:47 ~-~-> 01:32:51 |problems of working with the morning session after a large range day. And if
992 |991 |01:32:51 ~-~-> 01:32:56 |you don't log these events and characteristics in your journal, you
993 |992 |01:32:56 ~-~-> 01:33:00 |won't retain them. You'll get caught up in the FOMO. You'll be watching
994 |993 |01:33:00 ~-~-> 01:33:03 |something on social media. Maybe I might inspire you because I did a trade and I
995 |994 |01:33:03 ~-~-> 01:33:06 |recorded it, or I said something in a live stream. You're like, Oh, I gotta do
996 |995 |01:33:06 ~-~-> 01:33:10 |something. You know, that's the worst thing to do, because you didn't plan
997 |996 |01:33:10 ~-~-> 01:33:14 |that trade. You're impulsively reacting to some kind of stimuli, and never take
998 |997 |01:33:14 ~-~-> 01:33:18 |any trades when it's like that. Okay, so that's going to be it for today, until
999 |998 |01:33:18 ~-~-> 01:33:20 |I'll talk to you tomorrow. Lord willing be safe. Do.