ICT YT - 2024-09-13 - ICT 2024 Mentorship - Lecture 27

Last modified by Drunk Monkey on 2024-09-25 09:32

1	00:02:40 --> 00:02:44	ICT: Well, good afternoon, Folks, I'm having some issues with the audio. So if
2	00:02:44 --> 00:02:51	it's low, because it appears to be not giving me a high enough volume, is what
3	00:02:51 --> 00:02:57	it is, you have to deal with it. Okay? It is what it is. Okay. All right, so
4	00:02:57 --> 00:03:04	we've had a pretty wild day today. It's been a fun day for me. It's been pretty
5	00:03:04 --> 00:03:10	busy. But if you look at what we have here going into the last hour of
6	00:03:10 --> 00:03:21	trading, we have had a lot of this messy little attempt to get higher in here.
7	00:03:21 --> 00:03:28	They pumped it up one more time here. So I'm waiting to see if we get some kind
8	00:03:28 --> 00:03:35	of a attempt to work out of this Python balance outside of efficiency. It is
9	00:03:35 --> 00:03:44	Friday. I like the idea of profit taking in this hour. I'd like to see if we
10	00:03:44 --> 00:03:50	could mount a break lower out of this area in here. You look over here in the
11	00:03:50 --> 00:03:57	new day, opening gap for today. These lows down here. I like them. I like
12	00:03:57 --> 00:04:02	that, right there. Do we get down here today before close. I don't know it's
13	00:04:02 --> 00:04:08	it's been rather aggressive in its attempt to keep driving higher. And
14	00:04:11 --> 00:04:15	anyone trying to go short today, unless you know exactly what you're doing, it's
15	00:04:15 --> 00:04:18	probably been a little difficult for you. I
16	00:04:24 --> 00:04:34	Now, if they really want to take it to the extreme, we have relative equal
17	00:04:34 --> 00:04:41	highs up here. Oh, he's playing both sides. Yeah, I want to see how we close
18	00:04:41 --> 00:04:49	the macro at 1050, to 10. I'm sorry. 222, 50. Rather sorry, 10 minutes to
19	00:04:49 --> 00:04:57	three to three minutes 10 minutes before and 10 minutes after three o'clock. So
20	00:04:57 --> 00:05:05	the 10/5 of 253, 10 macro. Uh, tongue twisted here today I have landscapers
21	00:05:05 --> 00:05:09	here again, and I tried very hard to to find a room in my home, but they're all
22	00:05:09 --> 00:05:13	around the house, so there's no real escaping it, so probably gonna hear them
23	00:05:13 --> 00:05:16	in the background, hopefully not, but there's nothing I do about it.
24	00:05:22 --> 00:05:38	Take a quick look at ES and see it's rather ugly, admittedly, actually, it's
25	00:05:38 --> 00:05:48	look at the YM i All right, so we have the Dow failing to make lower lows in
26	00:05:48 --> 00:06:03	that area. For ES, you can see we had lower lows there, and nq and uh, it's
27	00:06:04 --> 00:06:08	pretty much flat, okay, so it's kind of similar to what the Dow has has posted.
28	00:06:11 --> 00:06:16	If we have any rally above this short term high, it would need to do it inside
29	00:06:16 --> 00:06:23	of the macro. So, in other words, 250, to 310, if it takes this high out here,
30	00:06:24 --> 00:06:29	then I would look for it to run to these highs as you go into the close, which,
31	00:06:29 --> 00:06:35	to me, would be amazing, because it's been pretty much hugely manipulated this
32	00:06:35 --> 00:06:39	week, like it's absolutely ridiculous how it's been one sided, and that is
33	00:06:39 --> 00:06:42	keep driving higher and higher and higher. And that's how you know it's the
34	00:06:42 --> 00:06:52	fit. So if the lows here are taking out between now and 310 then I'll look for
35	00:06:53 --> 00:06:57	continuation to go into maybe this low. And it doesn't need to go all the way
36	00:06:57 --> 00:07:03	down to that new day opening gap for today, the 13th day opening gap. But it
37	00:07:03 --> 00:07:09	could make an attempt to try to gravitate towards that as we go into
38	00:07:09 --> 00:07:16	settlement today, it's real important that you see what's in this market
39	00:07:16 --> 00:07:22	structure. We have very conflicting things. So whatever I outline here today
40	00:07:22 --> 00:07:27	will be very, very short term. I don't have very strong convictions on either
41	00:07:27 --> 00:07:34	side, which is why I'm requiring that 20 minute macro at 250, to 310, to kind of
42	00:07:34 --> 00:07:35	tip its hand to me. I
43	00:07:50 --> 00:07:55	normally on a Friday, when we had a large range of clothes, weekly
44	00:07:55 --> 00:08:05	candlestick forming. I like to see a 20 to 30% retracement. Now that's asking a
45	00:08:05 --> 00:08:08	lot for this particular week, because it's been an enormous range for the
46	00:08:08 --> 00:08:14	week. So I think in that case, it's probably not likely to do a 20 to 30%
47	00:08:15 --> 00:08:20	retracement if it were to retrace it all. And nothing really says that it has
48	00:08:20 --> 00:08:23	to do that at all. I could stay inside the range. And this is one of the things
49	00:08:23 --> 00:08:32	that's problematic. And I was watching this as 245 King, this low and this
50	00:08:32 --> 00:08:36	high, we could stay inside that range, going into the close of today, and
51	00:08:36 --> 00:08:44	really do nothing. It's just marked time going sideways if they do that, then
52	00:08:44 --> 00:08:54	that means I would really like to see a gap opening higher on Sunday, and then
53	00:08:54 --> 00:09:00	come down, work into that gap as a closure and then slowly bleed into
54	00:09:00 --> 00:09:10	higher prices. I really still, I have almost a romance with the 19 695, up,
55	00:09:11 --> 00:09:18	and I believe that it's too smooth. Okay, so it's too smooth. And while I
56	00:09:18 --> 00:09:23	was very hopeful that it was going to be like traded to either today or
57	00:09:23 --> 00:09:28	overnight. Last night, it didn't do that. I mean, it's obviously gained some
58	00:09:28 --> 00:09:32	ground moving towards it, but it hasn't, hasn't done everything like I wanted to
59	00:09:32 --> 00:09:33	see it do. I
60	00:09:40 --> 00:09:49	I see how we're just working inside that old class and valence cell sign in
61	00:09:49 --> 00:09:49	efficiency.
62	00:09:55 --> 00:10:03	So this is one of those times where I. Because it's kind of like trapped, not a
63	00:10:03 --> 00:10:08	trader being trapped. But price is kind of like stuck in between two different
64	00:10:08 --> 00:10:13	types of scenarios, where, technically, if we were just looking at this part of
65	00:10:13 --> 00:10:17	the moon, like right here, from this low to that high, to where we are right now,
66	00:10:18 --> 00:10:24	I would favor that as a short but because we have had this stop hunt over
67	00:10:24 --> 00:10:30	here, with this drop down, all of this movement here, and then coming down to
68	00:10:30 --> 00:10:35	this area here, to me, it's conflicted, because it could be used as sweep these
69	00:10:35 --> 00:10:44	short term lows and then rally into the closing hour. So it's, it's not as easy
70	00:10:44 --> 00:10:48	for me to sit here today and outline this, but I'm going to do my best. Okay,
71	00:10:48 --> 00:10:54	because I promised I'd be here. So it is what it's going to be. So we just made
72	00:10:54 --> 00:10:58	an attempt to try to get down below that short term low in here. So these are
73	00:10:58 --> 00:10:59	relative equal lows. I'm
74	00:11:05 --> 00:11:07	it's one minute after three,
75	00:11:13 --> 00:11:18	and I left my cell phone on the other side of the house. So not to brag, but
76	00:11:18 --> 00:11:23	it's too much of a walk to go. Go get that right now, do a check on the audio.
77	00:11:23 --> 00:11:27	So I'm kind of like winging it here. I'm not sure if you guys can hear me. Well,
78	00:11:27 --> 00:11:30	if you can't, it is, it is what it is. It's
79	00:11:36 --> 00:11:42	obviously seen a lot of setups today. I I shared a lot of activity on Twitter,
80	00:11:43 --> 00:11:49	twisting a knife. I was supposed to get roasted today on the on YouTube, I guess
81	00:11:49 --> 00:11:56	that got canceled. Alright, so we had this drop here. Watch how we have this
82	00:11:56 --> 00:12:02	candlestick right here, that right there. If that stays open and we break
83	00:12:02 --> 00:12:08	all the way down to take out that low, well then we can take a look at maybe
84	00:12:08 --> 00:12:18	something like this. There's a new day opening gap. It's the high of it. So one
85	00:12:18 --> 00:12:21	of the things I like to do is I use the new day opening gaps and new week
86	00:12:21 --> 00:12:25	opening gaps. So it's not just something that would be applicable to just the end
87	00:12:25 --> 00:12:32	dog the gap opening on Sunday. You can use the same type of measurement as
88	00:12:32 --> 00:12:43	well. So we have a inefficiency here down to an inefficiency this area right
89	00:12:43 --> 00:12:52	in here that's consequent encroachment. But if you use the quadrants like this,
90	00:13:00 --> 00:13:09	the 2550 and 75 in this area in here, that's event horizon. So what I like to
91	00:13:09 --> 00:13:13	see is, does the market have the ability to draw down into that? Because there's
92	00:13:13 --> 00:13:21	two inefficiencies here, this one and this one. So the optimal level,
93	00:13:21 --> 00:13:24	obviously, would be to see it trade down to its midpoint here, consequence
94	00:13:24 --> 00:13:28	encouragement, that is the event horizon. But setups can form for either
95	00:13:28 --> 00:13:33	continuation into existing trades or targets, like low hanging fruit
96	00:13:33 --> 00:13:39	objectives. That type of thing could be used for the upper quadrant and lower
97	00:13:39 --> 00:13:43	quadrant. But specifically it's this level. And when I do is I watch, and
98	00:13:43 --> 00:13:46	I'll always have this on my chart. So when I'm trading, we see examples of me
99	00:13:47 --> 00:13:52	executing and managing trades. My eyes actually jumping to these things,
100	00:13:53 --> 00:13:56	because I can see where they're at approximately. And I'll give you an
101	00:13:56 --> 00:14:00	idea, like this is where it's at here measuring it obviously. But if you take
102	00:14:00 --> 00:14:05	it away, you should be able to determine from the low of this bison and Bell
103	00:14:05 --> 00:14:10	cells inefficiency to the high of this inefficiency, roughly, it's about that,
104	00:14:10 --> 00:14:14	that price point right here, that's about halfway. So what I do is I'm
105	00:14:14 --> 00:14:21	looking for price to try to gravitate to that level. If I wanted to go down there
106	00:14:21 --> 00:14:25	everything that would be a premium array. If price were to start dropping
107	00:14:25 --> 00:14:31	down, I would look for up close candles to keep price from going above it. And I
108	00:14:31 --> 00:14:35	would look for any fair value gap that would form. I would like to see the
109	00:14:35 --> 00:14:39	upper half of it stay open. So all of those things would be signatures to,
110	00:14:39 --> 00:14:43	kind of like support the idea that it would be reaching down into event
111	00:14:43 --> 00:14:52	horizon. So if we didn't have all of the backdrop of this over here, because this
112	00:14:52 --> 00:14:57	could still just do what I was mentioning earlier, just taking out the
113	00:14:57 --> 00:15:02	short term sell side here. That's. Not enough, like it's it's gotta, it's gotta
114	00:15:02 --> 00:15:06	move and show real displacement. So I want to see it at least give the
115	00:15:06 --> 00:15:09	indication that it wants to move aggressively, and it hasn't done that.
116	00:15:09 --> 00:15:18	You just just drift below that, and it's 305, so you have about four, four and a
117	00:15:18 --> 00:15:27	half minutes or so left on the macro at 250 to 310 then we'd have to sit and
118	00:15:27 --> 00:15:37	wait until 315 because 315 to 345 is the next macro. What is a macro? A macro is
119	00:15:37 --> 00:15:49	a short list of directives like a script, okay? And imagine a high
120	00:15:49 --> 00:15:55	priority function of going through a quick series of calculations and then
121	00:15:55 --> 00:15:59	repricing. So that's kind of like what it's doing. It doesn't mean it starts
122	00:15:59 --> 00:16:07	right away at 315 doesn't mean it ends abruptly at 345 This means between 315
123	00:16:08 --> 00:16:12	and 345 there usually is a spooling. There's a there's a run for
124	00:16:12 --> 00:16:17	inefficiency, or it's a run for liquidity, above old highs or a singular
125	00:16:17 --> 00:16:22	high. It would run for the buy side, for sell side, it would run below a singular
126	00:16:22 --> 00:16:27	low for relative equal lows. For inefficiencies, it would be something
127	00:16:27 --> 00:16:33	like I just outlined down here, where the event horizon loss above us. We have
128	00:16:34 --> 00:16:41	this high right here. So that's a minor buy side. We've already disrupted the
129	00:16:41 --> 00:16:47	minor cell side. And admittedly, I would have rather seen it when it did this.
130	00:16:47 --> 00:16:50	I'd like to see it aggressively, at least take out these short term highs,
131	00:16:50 --> 00:16:54	come back down and use the old bison and balance cell sign efficiency over here,
132	00:16:55 --> 00:17:01	high, that's this level here, then to run to this high. But it hasn't done
133	00:17:01 --> 00:17:08	that yet. So to me, it's a little lethargic. So if we close the 253 10
134	00:17:08 --> 00:17:14	macro, and we don't see anything materialized between 315 and 345 that
135	00:17:14 --> 00:17:19	means the only thing we're probably likely to see is that last few minutes
136	00:17:19 --> 00:17:23	of the final hour trading where there'll be a little bit of a flurry. Bit of a
137	00:17:23 --> 00:17:26	flurry of something, and that's kind of like, to me, it's a dud. I don't, I
138	00:17:26 --> 00:17:29	don't like that. I know a lot of people get all excited about it because, like,
139	00:17:29 --> 00:17:33	it's a little flurry of activity. It's usually the guys that are trading, like,
140	00:17:33 --> 00:17:37	you know, 50 accounts on fund accounts, and they're trying to get their little,
141	00:17:37 --> 00:17:42	little, little moves or whatever. It's too, too much like gambling, in my
142	00:17:42 --> 00:17:48	opinion, for that. But it's still fun to watch. I
143	00:18:00 --> 00:18:07	I was supposed to get cooked today. That's funny.
144	00:18:19 --> 00:18:25	I like this candlestick here, and what I like about it is, if you look at what
145	00:18:25 --> 00:18:30	we've done between the low of this five cent amount of sales on efficiency and
146	00:18:30 --> 00:18:39	that high, see how we hit the consequent correction of that now it It demands, it
147	00:18:39 --> 00:18:43	demands that price moves out of this to the downside. Otherwise it goes above
148	00:18:43 --> 00:18:47	this candle here. That means that we're going to run for the short term buy side
149	00:18:47 --> 00:18:56	here, and in how we trade to that. So it gives me a kind of like a if this or
150	00:18:56 --> 00:19:03	that. So instead of saying, well, it could do this consolidation. Now it
151	00:19:03 --> 00:19:06	gives me a candlestick where it tells me, okay, now because of time. Why?
152	00:19:06 --> 00:19:13	Because look at the time here, 309, so I would demand this candlestick, because
153	00:19:13 --> 00:19:16	it did this very thing here. It needs to break lower, because if it doesn't, and
154	00:19:16 --> 00:19:19	it trades back above the time, which it just did there, that turns my attention
155	00:19:19 --> 00:19:25	to the buy side there. So it's a matter of waiting for the time where the price
156	00:19:25 --> 00:19:32	should move, and then you wait for price to confirm it, and then it's done
157	00:19:32 --> 00:19:37	nothing. Here. It's sitting, which is again going back to two scenarios are in
158	00:19:37 --> 00:19:42	play, and you're looking at the last hour of trading, who's coming in right
159	00:19:42 --> 00:19:46	now, who's coming in and thinking, you know, I feel like putting a big bet on
160	00:19:46 --> 00:19:51	going into the weekend. No, now you would think, okay, you would think, if
161	00:19:51 --> 00:19:57	it was buying and selling pressure belongs. Have been extremely bullish all
162	00:19:57 --> 00:20:00	week, right? So they're in the one, they're the ones that are in profit. It.
163	00:20:00 --> 00:20:04	They're the ones that are heavy pockets right now. They have the most money.
164	00:20:04 --> 00:20:10	They made the most money this week. So wouldn't it be reasonable for it to drop
165	00:20:10 --> 00:20:16	lower? Because they would be doing what, selling their long positions, and that
166	00:20:16 --> 00:20:20	would create, what if it was buying and selling pressure, it would be selling
167	00:20:20 --> 00:20:25	pressure and a lack of buying pressure, that's, we're going to use those terms.
168	00:20:25 --> 00:20:29	I'm making an argument. I'm not saying I believe that, but it would be reasonable
169	00:20:29 --> 00:20:35	to expect that on a on a Friday like today, because we had such a huge range
170	00:20:35 --> 00:20:41	for the week that's been higher. So the question is, is, you know, what's,
171	00:20:41 --> 00:20:48	what's holding it up, what's what's stalling the like, what would traders
172	00:20:48 --> 00:20:54	that are already long, what would they be sitting here waiting for in this last
173	00:20:54 --> 00:20:57	final hour? Like, what would they be waiting for? You know, would you be
174	00:20:57 --> 00:21:01	comfortable holding the entire week's profit if you bought real early in the
175	00:21:01 --> 00:21:04	week, and now here you are, we're getting ready, going to the weekend.
176	00:21:05 --> 00:21:09	Would you be more inclined to hold into all this and think, Well, you know, it
177	00:21:09 --> 00:21:14	could still rally, and if it was buying and selling pressure, and people are
178	00:21:14 --> 00:21:19	likely to take profit and that makes the product go lower, if that's what you
179	00:21:19 --> 00:21:25	argue and make the case work, my question is, is, what would it take to
180	00:21:25 --> 00:21:29	inspire everyone to start unwinding their long positions? Like earlier in
181	00:21:29 --> 00:21:33	the afternoon, I watched this drop down here on one candlestick do like seven
182	00:21:33 --> 00:21:39	handles in one minute, which was, was fun to watch that, but then came all the
183	00:21:39 --> 00:21:48	way back up in here, and it's just drifted lower. So admittedly, there's
184	00:21:48 --> 00:21:54	few times where I'm stuck against the wall saying I don't know how to work
185	00:21:54 --> 00:21:58	with this one right here, right now, but I'm willing to see here, and in the
186	00:21:58 --> 00:22:00	event that does give me something to work with.
187	00:22:07 --> 00:22:12	And I think, honestly, anyone's school of thought right here, it'd be a little
188	00:22:12 --> 00:22:19	bit of a bet, a wager, not so much technical, for anyone to say with
189	00:22:19 --> 00:22:22	conviction. Yeah, I believe is going to do this. You might say something that
190	00:22:22 --> 00:22:27	you might want to see, like I would love personally. If I could be honest and
191	00:22:27 --> 00:22:31	tell you what I would really want to see is I want to see it trade aggressively
192	00:22:31 --> 00:22:41	above these highs and drive into that 19,600 level. I'd like to see that
193	00:22:41 --> 00:22:44	personally. That's what I would love to see that because that would even if we
194	00:22:44 --> 00:22:48	don't close up there, it just means that we're probably most likely going to
195	00:22:48 --> 00:22:55	march into that 19,006 95 level eventually, sometime next week. What I
196	00:22:55 --> 00:23:01	don't want to see, okay, is I don't want to see it fall aggressively, you know,
197	00:23:01 --> 00:23:06	like a TGIF, because I think, personally, I don't believe that that
198	00:23:06 --> 00:23:11	would be constructive for this type of week, because it's been so one sided and
199	00:23:11 --> 00:23:20	so parabolic, like, it's been violent, like, almost brutal, that it's not
200	00:23:20 --> 00:23:26	trying to go lower. So what is it reaching for? I mean, what would be the
201	00:23:26 --> 00:23:32	reasonable draw for something that's been drawn so aggressively higher, those
202	00:23:32 --> 00:23:33	smooth highs on the hourly chart,
203	00:23:41 --> 00:23:49	all these highs over here, like that. That's just too come on. Now, I don't
204	00:23:49 --> 00:23:52	care where, what school of thought you have. I mean, I don't care how you trade
205	00:23:52 --> 00:23:55	or whatnot. That's just that stuff doesn't stay in the charts like it just
206	00:23:55 --> 00:24:00	doesn't do that. Doesn't stay like that. It gets disrupted. And, you know, is it
207	00:24:01 --> 00:24:04	a stretch for it to be expected to happen today? I believe so. But, you
208	00:24:04 --> 00:24:13	know, Stranger things have happened, right? But we do have this inefficiency
209	00:24:13 --> 00:24:20	in here. So if we were able to make a run outside of the buy side and bounce
210	00:24:20 --> 00:24:27	off. Sign efficiency. It's marked in blue over here. If we can get above
211	00:24:27 --> 00:24:33	these highs and then trade down to the top of that, it can wick down into the
212	00:24:33 --> 00:24:37	upper quadrant, once it does that, and then aggressively, it has to do
213	00:24:37 --> 00:24:42	aggressively run to take out this short term high my attention would go right
214	00:24:42 --> 00:24:45	there. And that doesn't mean that we have to trade above and make a higher
215	00:24:45 --> 00:24:49	high it just means that I would like to see that traded too. If that were to
216	00:24:49 --> 00:24:50	unfold, i.
217	00:25:08 --> 00:25:12	So here was short term sell side, or minor by, I'm sorry, minor cell side,
218	00:25:12 --> 00:25:19	and we have a minor buy side, liquid pool here, not there, there.
219	00:25:22 --> 00:25:29	I'm now
220	00:25:30 --> 00:25:34	obviously you've been watching my trade examples and watching how I move my
221	00:25:34 --> 00:25:43	stop, how I place my stop, and when the market is loose, the contrary condition
222	00:25:43 --> 00:25:49	of a market being loose and liquid, very fluid. It's not this. This is this is
223	00:25:49 --> 00:25:53	stagnant. It doesn't mean that it's not worthwhile studying. It just means that
224	00:25:54 --> 00:25:58	it has to do something. Okay, if you go back here earlier on. So mentioned
225	00:25:59 --> 00:26:04	because we took out that short term high above constant encouragement there that
226	00:26:04 --> 00:26:11	tells me what it's going to run for this. And it's done so here. So now we
227	00:26:11 --> 00:26:15	don't watch does the candles roll back? We don't want to see it happen on the
228	00:26:15 --> 00:26:19	same candlestick. I'd like to see it stay up here, like this, like up here,
229	00:26:19 --> 00:26:24	not don't wick it, but stay up here with a body and then open a new candlestick
230	00:26:24 --> 00:26:27	and trade down. That's the type of signature I want to see. I don't want to
231	00:26:27 --> 00:26:31	see it do these types of things, because it's quick to want to go back inside the
232	00:26:31 --> 00:26:35	range of that buy side, available cell sign efficiency. And again, that is this
233	00:26:35 --> 00:26:42	single candle over here. That's the buy side, available cell sign efficiency. So
234	00:26:42 --> 00:26:45	I'd like to see it. Let's see that's too close. I don't like that. I'd like to be
235	00:26:45 --> 00:26:50	up here and then open and trade down. And if it did that, then I would expect
236	00:26:50 --> 00:26:56	the very next candle to start marching up to this level here. That's reading
237	00:26:56 --> 00:27:00	the tape. It still can do it. It just means that it's not my favorite
238	00:27:01 --> 00:27:02	development for price.
239	00:27:08 --> 00:27:16	So as I was starting to say, if I wanted to take a long or a short in here, I
240	00:27:16 --> 00:27:21	don't have the luxury of placing a very small stop loss on it, because it's too
241	00:27:21 --> 00:27:29	back and forth. So I always refer this as kind of like a fuzzy price action.
242	00:27:29 --> 00:27:34	It's too much static. I mean, it's not clean. It doesn't have a whole lot of
243	00:27:34 --> 00:27:37	levels that are obvious. There's they're smooth that you can run to. There's
244	00:27:37 --> 00:27:42	really hardly any inefficiencies at all. So if you look at you might see volume
245	00:27:42 --> 00:27:48	imbalances, but outside of that, you're not seeing any kind of gaps, no fair
246	00:27:48 --> 00:27:54	value gaps. So it's being held very, very tight. So this is an efficiently
247	00:27:54 --> 00:28:01	delivered price range between this low here and this high here. So the only
248	00:28:01 --> 00:28:05	thing we can do is use liquidity. What did it take recently? That's why I was
249	00:28:05 --> 00:28:08	at flying over here. We could go down here and take the sell side. We've seen
250	00:28:08 --> 00:28:17	that now reaching for the short term buy side. So we opened on this candlestick
251	00:28:17 --> 00:28:22	here. We traded down a little bit, down into, didn't get quite down to the upper
252	00:28:22 --> 00:28:26	quadrant, which I said it would be permissible to see that it didn't do
253	00:28:26 --> 00:28:32	that. So because it didn't do that, is that bullish or bearish? Well, the fact
254	00:28:32 --> 00:28:35	that we kept the bodies look at, see where the bodies are. They're on the
255	00:28:35 --> 00:28:42	outside of this high of the buy side, and balance cell sign efficiency over
256	00:28:42 --> 00:28:51	here. So that's constructive for a run into this area, for liquidity, if you
257	00:28:51 --> 00:28:58	look also, I've been getting a lot of comments. Folks have been doing these
258	00:28:58 --> 00:29:03	measurements on their candlestick wicks, and they're like, Man, I can see all
259	00:29:03 --> 00:29:07	this stuff happening now, how the market moves from one consequence to the next
260	00:29:07 --> 00:29:11	consequence. Or if I'm bearish, you know, and I see a wick in close
261	00:29:11 --> 00:29:17	proximity to where I'm entering a short, or holding a short, it doesn't trade up
262	00:29:17 --> 00:29:20	to the consequent encouragement. And then, like you said, it's usually
263	00:29:20 --> 00:29:24	weakness, and it rolls over aggressively. Yeah, that's reading the
264	00:29:24 --> 00:29:28	tape. That's real institutional overflow, that's getting feedback that
265	00:29:28 --> 00:29:32	you're not going to get by watching level two data. Okay, you're not going
266	00:29:32 --> 00:29:39	to get that type of information. So it's a visual reference where you can measure
267	00:29:39 --> 00:29:43	the accumulation or distribution inside of the marketplace. Without having an
268	00:29:43 --> 00:29:48	indicator, you're just simply seeing it in the delivery of price, which is
269	00:29:48 --> 00:29:51	fascinating. Once you really know what you're doing and what you're looking
270	00:29:51 --> 00:30:00	for, it's fun, like it really is fun. It's like predicting, um. Well, I don't
271	00:30:00 --> 00:30:05	know what it would be like, like predicting tomorrow's headlines, you
272	00:30:05 --> 00:30:09	know, and if it gets close to it, or maybe, I guess, I'm not a sports fan,
273	00:30:09 --> 00:30:13	but I guess it'd be like predicting the winner of the the next big game, or
274	00:30:13 --> 00:30:22	whatnot. And I'm watching this wick here, and I like the fact that we came
275	00:30:22 --> 00:30:26	down here. I like that we only wiped here, and we don't have any bodies
276	00:30:26 --> 00:30:30	laying on top of the consequent encroachment of this wick right here. So
277	00:30:30 --> 00:30:31	I'll show you what that looks
278	00:30:37 --> 00:30:46	like, quadrant level there, and the bodies are above that wick. Now it can
279	00:30:46 --> 00:30:49	touch it, obviously, because it did it on this candle. It's done on that
280	00:30:49 --> 00:30:53	candle. But we just don't want to see any candlestick laid down over top of it
281	00:30:53 --> 00:30:57	like say, in for instance, that candlestick closed like that. That's not
282	00:30:57 --> 00:31:02	actually constructive for a run to that liquidity. If it were to lay over top of
283	00:31:02 --> 00:31:06	the consequent correction of that. So when I'm watching price deliver, and I'm
284	00:31:06 --> 00:31:10	using wicks and such to kind of like, weigh the strength or the underlying
285	00:31:10 --> 00:31:15	weakness of a price run, if I start seeing those things happen, then that's
286	00:31:15 --> 00:31:20	usually a like a canary in a in the coal mine. It's a warning sign that things
287	00:31:20 --> 00:31:25	are not as they should be. There's something going on, there's some kind of
288	00:31:25 --> 00:31:32	manipulation, or ultimately, the setup is failing, and it's it's running out of
289	00:31:32 --> 00:31:38	interest and moving higher. So I read it wrong. That's what it means. So you're
290	00:31:38 --> 00:31:43	constantly looking for feedback in every individual candlestick to get an
291	00:31:43 --> 00:31:48	interpretation of what it may be wanting to do. And since, as I mentioned, there
292	00:31:48 --> 00:31:54	is no inefficiencies in any of this price run just small volume and balance
293	00:31:54 --> 00:31:58	over here, which we're not really, we're not considering any of that at this
294	00:31:58 --> 00:32:04	time, and we had this small little gap, but that's already been utilized over
295	00:32:04 --> 00:32:08	here with this touch. But other than that, nothing really, nothing really
296	00:32:08 --> 00:32:14	jumps off at me as useful, which is why you have to force yourself to do what
297	00:32:14 --> 00:32:21	use where the liquidity is. Sell sides been taken here. Buy side is here. So
298	00:32:21 --> 00:32:24	it's reasonable to see if it wants to run up here. What would be interesting
299	00:32:24 --> 00:32:33	is this, if we can send it to there and then they tank it going into the close,
300	00:32:34 --> 00:32:42	that would be very interesting study to watch. So if you're if you're trying to
301	00:32:42 --> 00:32:46	trade the last hour, and like I say, this is like your model. So you want to
302	00:32:46 --> 00:32:51	be trading in the final hour, trading between three o'clock and four o'clock.
303	00:32:53 --> 00:32:58	There are steady setups every single day that come around this time of day, but
304	00:33:00 --> 00:33:05	you want to be trading in a market that has inefficiencies, and obviously
305	00:33:05 --> 00:33:09	there's always gonna be short term highs and lows for liquidity. But you want to
306	00:33:09 --> 00:33:16	be in a market environment that has both, because it gives you a plethora of
307	00:33:16 --> 00:33:21	opportunities, and it gives you, for me personally, it gives me reference points
308	00:33:21 --> 00:33:26	where I can trust placing my stop and know that I have a great deal of things
309	00:33:26 --> 00:33:32	behind me that are supporting the idea that I'm holding the trade for. Whereas,
310	00:33:32 --> 00:33:34	if you don't have a lot of inefficiencies like that here, this is a
311	00:33:34 --> 00:33:37	very efficiently delivered back and forth. It's kind of like that paint
312	00:33:37 --> 00:33:42	roller analogy. A lot of delivered back and forth all this. It's sloppy. It's
313	00:33:42 --> 00:33:46	messy looking, but there's still a reason to why it's doing what it's
314	00:33:46 --> 00:33:51	doing. But unfortunately, it just makes it a little bit more complicated for
315	00:33:51 --> 00:33:56	placing a stop loss. The way I use a stop loss, it's I like to keep my risk
316	00:33:57 --> 00:34:02	manageable. And while the contract size might. You might look at those contract
317	00:34:02 --> 00:34:07	sizes and think, wow, you know that's a lot, but it really isn't a lot. If you
318	00:34:07 --> 00:34:10	look at the equity size that's being utilized when you're seeing these
319	00:34:10 --> 00:34:14	examples being placed, becomes that buy side.
320	00:34:20 --> 00:34:22	So once we pop through here.
321	00:34:41 --> 00:34:47	So the only imbalance that we're really framing any tape reading around is this
322	00:34:47 --> 00:34:52	bison imbalance, cell sign efficiency. So it's worked its way outside of it to
323	00:34:52 --> 00:34:56	take the cell side, which is what I outlined during this live stream, and
324	00:34:56 --> 00:35:07	then up to here. So. So we just, we have taken that now. So I had a few people,
325	00:35:08 --> 00:35:14	I'm certain they're probably brand new students. They ask similar questions,
326	00:35:14 --> 00:35:18	almost in the same vein about what I'm saying. Here is when they ask, can you
327	00:35:18 --> 00:35:24	show me how to find the minor buy side and sell side liquidity pools. Well,
328	00:35:24 --> 00:35:30	that's what these examples are here, okay? Because it's inside of the range
329	00:35:30 --> 00:35:37	that's defined by this big move here. See that that big range there? So this
330	00:35:37 --> 00:35:41	low here would be a larger pool of sell side liquidity than that of what we were
331	00:35:41 --> 00:35:47	outlining over here, and this high here is a minor buy side, where it has buy
332	00:35:47 --> 00:35:53	stops sitting above it. It's minor because it's part of or inside of the
333	00:35:53 --> 00:35:59	range from this high down to the low. It's formed here, and we didn't need
334	00:35:59 --> 00:36:06	this low to form using this low here, if price was just there and consolidating
335	00:36:06 --> 00:36:12	in here, say, before I got talking about the liquidity. So you were watching
336	00:36:12 --> 00:36:16	this. This would be minor buy side. This would be minor sell side. This would be
337	00:36:17 --> 00:36:24	primary sell side, primary buy side is relative to the dealing ranges that
338	00:36:24 --> 00:36:29	you're looking at. Why am I using those highs and lows? What makes those
339	00:36:29 --> 00:36:33	specific highs and lows specifically called on when I'm looking at the chart?
340	00:36:33 --> 00:36:37	Well, if you look at the time of the day, this is during the lunch time
341	00:36:37 --> 00:36:43	period. So I want to look at what we've done as a low and a high during that
342	00:36:43 --> 00:36:48	time period. And then it'll give me the context for the pm session. And now,
343	00:36:48 --> 00:36:52	because we're in the last hour of trading, we watched it trade down to
344	00:36:52 --> 00:36:59	here. Sweep the sell side, no inefficiencies, just using the initial
345	00:37:00 --> 00:37:04	ideas of this was the high the buy side. This is the cell though, I'm sorry, the
346	00:37:05 --> 00:37:09	low of the buy side. About cell sign efficiency, that single candle over
347	00:37:09 --> 00:37:16	there, no inefficiencies whatsoever, except for that one right there that I
348	00:37:16 --> 00:37:21	mentioned moments ago. And then we hit the top, which I don't afford all that
349	00:37:21 --> 00:37:27	much attention to this inefficiency because it's more or less using the buy
350	00:37:27 --> 00:37:31	side and balance outside efficiency is high. So remember, I was telling you
351	00:37:31 --> 00:37:37	earlier, it'd be nice to see it trade above that buy side here, trade above
352	00:37:37 --> 00:37:41	it, and then sync it, tank it. And I think the term was I used,
353	00:37:51 --> 00:37:57	I'd like to see a small portion of this down closed candle stay open. Like to
354	00:37:57 --> 00:38:05	see some, some piece of that left open, right there. And then we would watch and
355	00:38:05 --> 00:38:11	see, does it have the ability to get down into this cell side? If it leaves
356	00:38:11 --> 00:38:16	this portion here and starts to break lower, any movement below halfway? Or
357	00:38:16 --> 00:38:20	this red line here, which is this single candle, which is a by sign of balance,
358	00:38:20 --> 00:38:24	cell sign efficiency, that consequence, Midpoint level, right there. If we trade
359	00:38:24 --> 00:38:30	down below that, and we leave a small portion open, I would like very much to
360	00:38:30 --> 00:38:36	see this low traded to and redelivered to. But if it closes this in entirely,
361	00:38:36 --> 00:38:40	then it becomes 5050, and then we have to wait for more information. What
362	00:38:40 --> 00:38:43	information? Wait for it to see if it wants to break lower or break higher,
363	00:38:43 --> 00:38:46	because it's already done enough for us to study the last hour by taking this
364	00:38:46 --> 00:38:51	short term sell side here, and then the buy side there. Is it something that you
365	00:38:51 --> 00:38:56	can trade? Yes, but I would tell you, it's probably better that you didn't.
366	00:38:57 --> 00:39:03	And is it? Is it profitable for study? Absolutely, but it's not something that
367	00:39:03 --> 00:39:06	I would be all over, you know, trying to take a trade. And you can see we pretty
368	00:39:06 --> 00:39:12	much almost closed that in. So that now becomes a question of what we're going
369	00:39:12 --> 00:39:15	to do, are we going to are we going to keep the range that's defined with this
370	00:39:15 --> 00:39:22	high here now? Because now the buy side is here, and when you're working inside
371	00:39:22 --> 00:39:27	of primary buy side and sell side liquidity pools, I'll explain that in a
372	00:39:27 --> 00:39:27	second.
373	00:39:29 --> 00:39:30	These
374	00:39:35 --> 00:39:39	highs and lows I'm marking right now, these are always going to be dynamic.
375	00:39:39 --> 00:39:46	They constantly evolve, because you're inside of the high and the low of this
376	00:39:46 --> 00:39:51	primary dealing range. So because we're inside of that, this high is what we
377	00:39:51 --> 00:39:55	were just targeting, where earlier we were targeting these lows, we had the
378	00:39:55 --> 00:39:59	lows hit, and then we ran up to the buy side. Now, because that high has been
379	00:39:59 --> 00:40:04	taken. With this swing high here, and this low has been taken with this swing
380	00:40:04 --> 00:40:10	low here, we now move our attention to this is now new minor sell side
381	00:40:10 --> 00:40:18	liquidity, and now this is new minor buy side liquidity, and we constantly refer
382	00:40:18 --> 00:40:22	back to now how this price behaved between these two levels. That's how we
383	00:40:22 --> 00:40:27	work with dealing ranges. Okay, so it's an evolving concept that allows you to
384	00:40:27 --> 00:40:34	see dynamic liquidity that's constantly entering the marketplace. Anyone that's
385	00:40:34 --> 00:40:37	going to enter the market right now, they're not going to look at this high
386	00:40:37 --> 00:40:40	here for a buy stop, for a short protection. They're not going to use
387	00:40:40 --> 00:40:43	that. They're going to use that. They're going to use this one here, anyone that
388	00:40:43 --> 00:40:48	wants to break out with a buying approach. So in order, if they think, if
389	00:40:48 --> 00:40:53	it goes above a certain price level, if it breaks resistance, let's call it like
390	00:40:53 --> 00:40:57	that. Okay, I don't like those terms, but that's what they're going to think.
391	00:40:57 --> 00:41:01	It is. They see this as short term resistance. They could be a buyer on a
392	00:41:01 --> 00:41:07	buy stop that puts them long. If it goes up there, expecting it runs to what they
393	00:41:07 --> 00:41:13	believe over here is resistance. Either way. If someone's trading short, they're
394	00:41:13 --> 00:41:16	going to put a buy stop right there. If they're trying to buy on a breakout,
395	00:41:16 --> 00:41:19	they're going to put a buy stop there. You see how easy that makes that. So
396	00:41:19 --> 00:41:26	that's why I don't always make a strong argument about what type of buy stops it
397	00:41:26 --> 00:41:31	is, because it encompasses both sides, whether it's a buyer of strength trying
398	00:41:31 --> 00:41:36	to enter a new long position or if it's a short position being protected with a
399	00:41:36 --> 00:41:39	buy stop. That's how you protect your short position. And the same thing
400	00:41:39 --> 00:41:43	that's being described here for this minor buy side liquidity pool here is
401	00:41:43 --> 00:41:47	said with this short term low. So this is minor sell side, so meaning that
402	00:41:47 --> 00:41:52	anyone that's long initially, you know, maybe they bought down here, or maybe
403	00:41:52 --> 00:41:56	they bought inside here, their stop loss would be resting primarily resting right
404	00:41:56 --> 00:42:00	below that low. Now it has maybe pretend, potentially, maybe moved up to
405	00:42:00 --> 00:42:04	this low, or maybe this low in here, or maybe even now this low, because we're
406	00:42:04 --> 00:42:08	getting late in the day, it doesn't change the fact that there are models
407	00:42:09 --> 00:42:14	that the stops once they're placed. They don't move them and this let it go,
408	00:42:14 --> 00:42:19	okay, and you don't think that way. But that doesn't mean other traders or
409	00:42:19 --> 00:42:23	entities in our place, shouldn't or aren't thinking that way. So because
410	00:42:23 --> 00:42:30	this low is now the low, that's a factor before you get to this low, the
411	00:42:31 --> 00:42:37	algorithm would refer to this low as a minor sell side liquidity pool, and this
412	00:42:37 --> 00:42:42	would be the minor buy side liquidity pool, if this one gets taken out, and
413	00:42:42 --> 00:42:47	then it returns back into the range between the new higher high and this
414	00:42:47 --> 00:42:51	low, then you would define the higher high that's been formed, that's your
415	00:42:51 --> 00:42:57	minor bicycle. And it just constantly evolves until you take out this high,
416	00:42:57 --> 00:43:03	and then you now have what you have an expansion where you have to wait for
417	00:43:03 --> 00:43:08	some type of retracement, some kind of turning point, a significant
418	00:43:08 --> 00:43:12	intermediate term high, basically, and then you have something to work with.
419	00:43:12 --> 00:43:17	What makes an intermediate term high? Well, you have this high here, and this
420	00:43:17 --> 00:43:21	high here, this high is lower than that one, and this high is higher than that
421	00:43:21 --> 00:43:29	one long term, intermediate term. So you would like to see eventually these highs
422	00:43:29 --> 00:43:34	taken out and create that same type of scenario where you have a high with two
423	00:43:34 --> 00:43:39	lower highs around it, and they have a long term high, and anything that's
424	00:43:39 --> 00:43:44	subordinate or lower than a new higher high, it forms like this. That's an
425	00:43:44 --> 00:43:52	intermediate term high. I have a I have a couple lectures on this YouTube
426	00:43:52 --> 00:43:57	channel where I teach market structure. And if you want to delve into that
427	00:43:57 --> 00:44:04	subject matter, it's, it's, it's there for your edification. Alright, so we're
428	00:44:04 --> 00:44:13	almost 25 minutes to four. It's like watching paint dry, isn't it? Not not
429	00:44:13 --> 00:44:24	all that eventful. Is it still good study. These are the days and lectures
430	00:44:24 --> 00:44:29	that are not fun to be a part of. They're just they're not it's a lot
431	00:44:29 --> 00:44:34	easier to hold students attention when the market's moving around real fast,
432	00:44:34 --> 00:44:38	and there's lots of things you can spot. But what happens when the market's
433	00:44:38 --> 00:44:44	trading like this? What are you going to do if you're in here, try and learn how
434	00:44:44 --> 00:44:50	to trade. That's wonderful. But what are you going to do when you start seeing
435	00:44:50 --> 00:44:54	price, behaving like this? Are you going to sit down and try to force your will
436	00:44:54 --> 00:44:57	in the marketplace? Because, hey, I'm watching price. I'm sitting in front of
437	00:44:57 --> 00:45:01	the charts. I better take some trades. I'm. I better take a trade, otherwise
438	00:45:01 --> 00:45:07	I'm wasting my time. That's usually the the scenario that unfolds, and that's
439	00:45:07 --> 00:45:12	also the invitation for regret, because you end up doing something that doesn't
440	00:45:12 --> 00:45:17	make sense financially, just because you feel impulsive that you want to do it,
441	00:45:17 --> 00:45:22	it doesn't mean that the market's going to bend its need to you because you're
442	00:45:22 --> 00:45:27	trying to impose your will on it. So I saw a comment today. I don't know if I
443	00:45:27 --> 00:45:31	saw it on the comment section on the YouTube channels videos, or if I saw it
444	00:45:31 --> 00:45:39	on Twitter. I don't remember which one it was, but it was more or less like ICT
445	00:45:39 --> 00:45:44	is basically painting so many scenarios where his students are never going to
446	00:45:44 --> 00:45:48	trade. And that's not that's not entirely true, but for a troll, for
447	00:45:48 --> 00:45:53	someone that just wants to have content to make posts about in the myopic, you
448	00:45:53 --> 00:45:57	know, people that don't really know what it is I'm teaching, and that my students
449	00:45:57 --> 00:46:02	actually do their own decisions and make money with the concepts I talk there's a
450	00:46:02 --> 00:46:07	growing period that you're going to have to grow, grow through initially, and
451	00:46:07 --> 00:46:11	it's going to be where you're trying to do something right away, and
452	00:46:11 --> 00:46:15	unfortunately, you're going to try to do everything that I teach, and you're not
453	00:46:15 --> 00:46:22	going to find the success that you want that would come if you were just trying
454	00:46:22 --> 00:46:25	to use one approach or one PD array. Give me one second please do
455	00:47:06 --> 00:47:16	puppies, my wife was like, I didn't know you were live. I'm always live, woman,
456	00:47:16 --> 00:47:20	don't you understand? I'm ICT so so I
457	00:47:26 --> 00:47:31	kind of broke my concentration there, but we'll see if I can wrestle it back
458	00:47:31 --> 00:47:39	into focus. The long and short of it is this, when you're looking at price like
459	00:47:39 --> 00:47:44	this, and it doesn't have a whole lot of inefficiencies. It doesn't have a number
460	00:47:44 --> 00:47:51	one where are we at in the the week we're on Friday, we're at the last
461	00:47:51 --> 00:48:00	little bit of time left where the market could do something, but it might not do
462	00:48:00 --> 00:48:04	so much. Why? Because we have this conflicting type of scenario where we
463	00:48:04 --> 00:48:09	had cell side taken here aggressively and then we pumped it all the way up,
464	00:48:09 --> 00:48:14	spent a little bit of time here. We had this nice sell off failure to go higher
465	00:48:15 --> 00:48:18	and just meandered lower down into that same buy side of balance, cell sign
466	00:48:18 --> 00:48:22	efficiency that's over here, and then it's spent a whole lot of time in here
467	00:48:24 --> 00:48:31	when we are in inefficiencies, okay, I don't like to see them. Spend a lot of
468	00:48:31 --> 00:48:41	time in them. I don't like to see that. I will feel comfortable if I'm on side
469	00:48:42 --> 00:48:46	and I would say I'm say I'm bullish, okay, if I'm bullish or so, I can get a
470	00:48:46 --> 00:48:50	little bit of animation there. That's good. Came right down. Just fell short
471	00:48:50 --> 00:48:55	of consequent encouragement of that by sound, also sound deficiency. But say
472	00:48:55 --> 00:49:03	I'm bullish, and there's bullish fair value gaps, okay, or something to affect
473	00:49:03 --> 00:49:08	volume balances. I don't like to see price spend time in like, like it's done
474	00:49:08 --> 00:49:12	in here between these big, bold, blue lines. I don't like to see this type of
475	00:49:12 --> 00:49:15	stuff when you start looking at your charts and going back through your old
476	00:49:15 --> 00:49:20	data and look at your old price moves, you'll see, because you have the benefit
477	00:49:20 --> 00:49:24	of hindsight that that is when the market was hard, if you were trying to
478	00:49:24 --> 00:49:28	trade in, that you might have been hurt, you might have been stopped out. You may
479	00:49:28 --> 00:49:31	have had a lot of conflicting signals and may have been frustrated. That's the
480	00:49:31 --> 00:49:35	main thing I'm trying to teach my son, Caleb, to look at the market where it is
481	00:49:35 --> 00:49:43	not so confusing and they're not trying to well, not just Caleb, but all my kids
482	00:49:43 --> 00:49:46	that they're not trying to force themselves into a trade. I want to look
483	00:49:46 --> 00:49:52	at these two lows here between the indices. Real quick. I'm using a laptop,
484	00:49:52 --> 00:49:56	so I don't have the benefit of having all my other charts, so it's still
485	00:49:56 --> 00:50:02	making a lower low there. And let's check the Dow real quick. Did. 3030, and
486	00:50:02 --> 00:50:07	she's got the same thing there too. So it's not all that interesting. What I'm
487	00:50:07 --> 00:50:14	doing is I'm doing correlation studies to see how the delivery of these lows
488	00:50:14 --> 00:50:19	here and here respectively how they match, or if they didn't match. It
489	00:50:19 --> 00:50:25	usually, if there's a higher low form than the s, p, that's my SM that's my
490	00:50:25 --> 00:50:29	SMT diversions. But I'd have to be bullish. It doesn't, it doesn't give me
491	00:50:29 --> 00:50:35	the buy signal, or it doesn't give me the the buy bias, or the to be long
492	00:50:35 --> 00:50:38	because it diverged. There has to be something else there. SMT is a
493	00:50:38 --> 00:50:43	qualifier. It's not a selection tool. Okay, it's not something that says I
494	00:50:43 --> 00:50:46	need to be a buyer, because it's diverged between the two averages or
495	00:50:46 --> 00:50:51	three averages. Or if you're looking at like your dollar and cable for the 4x
496	00:50:51 --> 00:50:56	traders, like if you looked at my old content, you see if, if your dollar
497	00:50:56 --> 00:51:00	makes a lower low, but POUND DOLLAR doesn't make that lower low. Yes, that's
498	00:51:00 --> 00:51:05	an S and T diversions. But if that s and t diversions forms in an area and at a
499	00:51:05 --> 00:51:10	price and a time when it means absolutely nothing, even if I am
500	00:51:10 --> 00:51:15	bullish, it doesn't mean that that adds anything in terms of validity to the
501	00:51:15 --> 00:51:18	move, going higher at that moment, and then eventually, what tends to happen is
502	00:51:18 --> 00:51:24	that the SMT eventually fizzles out. In other words, it doesn't stay there, and
503	00:51:24 --> 00:51:29	one of those pairs will move in a way that removes that supposed SMT
504	00:51:29 --> 00:51:33	diversion. So what I'm saying is, if there's something that is already
505	00:51:33 --> 00:51:36	predetermined that makes the market bullish or bearish, and I already have a
506	00:51:36 --> 00:51:42	PD array, something that is I'm waiting for it to trade to. And then if I look
507	00:51:42 --> 00:51:48	at the correlated markets, like es versus NQ and YM, or if I'm looking at
508	00:51:48 --> 00:51:51	the bond market, say I'm looking at the five year, the 10 year and the 30 year,
509	00:51:52 --> 00:51:56	if I get a divergence like that, you'd expect that did you if I get a
510	00:51:56 --> 00:52:01	divergence there, then that obviously it confirms and provides a little bit more
511	00:52:01 --> 00:52:06	quality behind the setup being bullish at that moment, because I have other
512	00:52:06 --> 00:52:09	factors there. So I'm not looking just panning through charts, looking for
513	00:52:09 --> 00:52:14	divergences. That, unfortunately, is what a lot of the folks on social media
514	00:52:14 --> 00:52:17	were doing soon as I started teaching SMT, everybody was scanning through
515	00:52:17 --> 00:52:20	their charts, because it's, it's a visual representation that it's easy to
516	00:52:20 --> 00:52:24	spot, isn't it? In it? That was how I thought about it. When I first started
517	00:52:24 --> 00:52:28	trying to develop a method around that, I was like, Yeah, I'm so frustrated. I
518	00:52:28 --> 00:52:32	want to see something that just jumps off the chart. Because even though I had
519	00:52:32 --> 00:52:36	all these indicators, I didn't trust the indicators. And the fact that I had
520	00:52:36 --> 00:52:39	three or four of them and my chart told me that I wasn't trusting the
521	00:52:39 --> 00:52:43	indicators. I just wanted something to tell me what my gut was telling me at
522	00:52:43 --> 00:52:46	the time I want to buy. And if one of them said it's oversold and they crossed
523	00:52:46 --> 00:52:50	there with the bullish divergence, I was buying it. So really, what I was looking
524	00:52:50 --> 00:52:54	for is any excuse to go in there and do something. And that's, unfortunately,
525	00:52:54 --> 00:52:58	what everybody's trying to do, not just with my stuff, but everything. And it's
526	00:52:58 --> 00:53:03	that's that problem that's in you that you have to bring to the surface in the
527	00:53:03 --> 00:53:06	beginning. You have to find out what those things are that you're going to
528	00:53:06 --> 00:53:12	use to derail yourself, and it's impulsiveness. So I'm not sure how I can
529	00:53:12 --> 00:53:18	that topic, though, because there's no no real time left in the week. I don't
530	00:53:18 --> 00:53:24	see us going to 19,006 95 I don't see that. Can it happen and make me look
531	00:53:24 --> 00:53:27	silly in front of the entire world doing? Yeah, I would love that to
532	00:53:27 --> 00:53:30	happen, though, see what I'm saying. Like, I would love to see that happen.
533	00:53:30 --> 00:53:37	But because we have had such an enormous price run all week, like, all week, this
534	00:53:37 --> 00:53:43	thing has been driving higher. So is it reasonable to expect the last few
535	00:53:43 --> 00:53:47	minutes of the trading day before the regular trading session ends at four
536	00:53:47 --> 00:53:54	o'clock and settles at 415 yes, there's 45 more minutes that trades. But why
537	00:53:54 --> 00:53:58	should it do anything spectacular after that? So the probabilities fall off
538	00:53:58 --> 00:54:04	precipitously because of the factor of time. Time is the most essential
539	00:54:04 --> 00:54:10	element. Period. Every trade that I took today was based on time. Everything that
540	00:54:10 --> 00:54:14	I showed every single thing when I was buying and selling all day long, when
541	00:54:14 --> 00:54:17	people were sitting around talking in their little YouTube channel, talking
542	00:54:17 --> 00:54:23	about this and talking about that, the market was giving setups. It was easy
543	00:54:23 --> 00:54:30	movement, lots of easy setups based on time. Now we have this compression of
544	00:54:31 --> 00:54:37	movement in price, but it's in a small envelope of time. We only have a few
545	00:54:37 --> 00:54:43	minutes left. We're going down to last 15 minutes here in a moment. Okay, so
546	00:54:43 --> 00:54:51	that ends the 315 the 345 macro. What we're going to now wait for is the 350
547	00:54:53 --> 00:54:57	to four o'clock macro. You see how we just ran into that liquidity right there
548	00:54:58 --> 00:55:03	at the end of three. 45 that's what I'm talking about. When you want to look at
549	00:55:03 --> 00:55:07	your charts, study the macro times I'm giving you, and you'll see that that
550	00:55:07 --> 00:55:14	market is doing one of two things. It's driving up into some inefficiency that
551	00:55:15 --> 00:55:21	would be something like, like this. This is a gap here, okay? Or it's going to go
552	00:55:21 --> 00:55:24	above an old high. That's the only two reasons why price is going up. It's not
553	00:55:24 --> 00:55:27	because it's buying pressure. It's not that. And the only reason why the
554	00:55:27 --> 00:55:32	market's going to go lower, it's going to go down to an inefficiency, and that
555	00:55:32 --> 00:55:39	would be something like over here, or below this low here, or now this low
556	00:55:39 --> 00:55:46	here. Okay, so because we have this low being pierced by this one, and it's
557	00:55:46 --> 00:55:54	trading essentially at a PD array, this, this cell side goes here. Now see how it
558	00:55:54 --> 00:56:01	becomes dynamic. Everything starts to evolve. And this is important stuff when
559	00:56:01 --> 00:56:06	it's not at the last trading day of the week, at the last 15 minutes of the
560	00:56:06 --> 00:56:11	trading week. Okay, it's far less useful in terms of information. But can you
561	00:56:11 --> 00:56:17	imagine how this is useful, say, on a Tuesday, going into, you know, 10
562	00:56:17 --> 00:56:22	o'clock in the morning, where you're starting to see this compression with
563	00:56:22 --> 00:56:27	price action, and you can define where the buy side and sell side is. So right
564	00:56:27 --> 00:56:31	now we're above this short term high. What you're doing is you're watching,
565	00:56:31 --> 00:56:38	does it start to expand here? And it does, what would it be reaching for?
566	00:56:38 --> 00:56:43	There's a small, little short term high over here. See that there's a smaller
567	00:56:43 --> 00:56:48	short term high right there, and there's that inefficiency right here. So what
568	00:56:48 --> 00:56:52	you would watch is, does it have the ability to stay above that high here? If
569	00:56:52 --> 00:56:57	this candlestick closes below here, then we take that line and we apply it to
570	00:56:57 --> 00:57:01	this candlestick there. Why? Because we have a swing high, which when this
571	00:57:01 --> 00:57:07	candle closes, if it closes down below it, below this high, specifically, this
572	00:57:07 --> 00:57:13	becomes the new minor buy side liquidity pool. Got 30 seconds left click.
573	00:57:25 --> 00:57:29	So whether you're going to trade the last hour of the day or not, it's always
574	00:57:29 --> 00:57:34	a useful study for liquidity. Always. It's always a study that's worthwhile,
575	00:57:35 --> 00:57:41	and it'll help you work with time based trading models where you're only trying
576	00:57:41 --> 00:57:46	to trade in eight an hour's worth of time, or two hours worth of time, and
577	00:57:46 --> 00:57:50	you can do all the trading you'd ever want. And see this is, this is where
578	00:57:50 --> 00:58:00	it's at now. So your minor buy side is here. So what you're looking at, we've
579	00:58:00 --> 00:58:04	already cleared this high, and now we have it here. Does the market show a
580	00:58:04 --> 00:58:09	willingness to stay away from going back above this high and stay away from this
581	00:58:09 --> 00:58:13	high here? So I'm constantly referring to what price is doing right here,
582	00:58:13 --> 00:58:18	fluctuating back and forth in relationship to this old high, in that
583	00:58:18 --> 00:58:23	high, as long as we keep moving away from it, and every new candle that is
584	00:58:23 --> 00:58:28	generated and paints on the chart moves away from it, that means that we would
585	00:58:28 --> 00:58:34	eventually gravitate down to this low here, or if we drive through this then I
586	00:58:34 --> 00:58:39	would want to see it reach up into here, and any bit of excitement beyond that
587	00:58:39 --> 00:58:43	would be a run to This primary buy side. And just for the sake of having on the
588	00:58:43 --> 00:58:45	chart, I'll just go on there. Okay,
589	00:58:54 --> 00:58:58	it's important when you're when you're first studying like this, if you're
590	00:58:58 --> 00:59:03	brand new, is try to remove the impulse. And I see all these jokers out there
591	00:59:03 --> 00:59:08	making up nonsense. I'm not teaching you to just try to primarily be right all
592	00:59:08 --> 00:59:12	the time. Okay, that's that's an asshole talking about their ass. Okay? That says
593	00:59:12 --> 00:59:17	that stuff I'm teaching you that being right is not essential. Actually, like
594	00:59:17 --> 00:59:22	you, you don't have to have a perfect entry, but you do have to know where the
595	00:59:22 --> 00:59:24	market's reaching for, for, for the purpose of withdrawal and liquidity,
596	00:59:25 --> 00:59:31	that draw may be an inefficiency like this, or it could be an actual high, or,
597	00:59:31 --> 00:59:35	in this case, relative equal highs, because above that is going to be What
598	00:59:35 --> 00:59:43	buy stops. Below this lows what sell stops this little, tiny, little
599	00:59:43 --> 00:59:48	separation here, that's a volume imbalance. Let me elongate the charts.
600	00:59:48 --> 00:59:52	You can see a little bit better. There's no inefficiency where we're at here,
601	00:59:53 --> 00:59:56	beyond this one. And that might if you trade lower, it could teach. You could
602	00:59:56 --> 01:00:01	teach. It could trade right into that as inversion. It wants to trade down into
603	01:00:01 --> 01:00:07	the volume of balance, but you're constantly looking for where the market
604	01:00:07 --> 01:00:12	may book price for the purposes of inefficiency or stops. And while I don't
605	01:00:12 --> 01:00:18	like to draw these levels on my charts to annotate minor buy side and salsa, I
606	01:00:18 --> 01:00:23	have done it recently because I want my son to see it that way. Don't think
607	01:00:23 --> 01:00:26	because I say I don't put it on my chart, don't think that it wouldn't be
608	01:00:26 --> 01:00:30	helpful to you while you're first learning treat it like training wheels
609	01:00:30 --> 01:00:35	on a bicycle. But eventually you'll, you'll get real comfortable with
610	01:00:35 --> 01:00:40	knowing, okay, I'm inside a larger dealing range, in trading, inside the
611	01:00:40 --> 01:00:43	range of what what's that mean? Michael, what do you mean when you say that?
612	01:00:43 --> 01:00:48	Okay, so now we just broke here. So we have this short term high, this short
613	01:00:48 --> 01:00:54	term high in net inefficiency, right there. So I'm gonna add these with the
614	01:00:54 --> 01:01:01	little ray thing, my jiggy thing. I'm a jiggy. Michael, what does that mean? I
615	01:01:01 --> 01:01:04	can see now the foreigners are now trying to look up, what is the thing of
616	01:01:04 --> 01:01:08	the jiggy? It's a do Hickey. So whatchamacallit, you know I'm talking
617	01:01:08 --> 01:01:16	about. It's just, unfortunately, one of those things that are slang. So we
618	01:01:16 --> 01:01:26	traded into that short term high there. So now we have this high. If we get
619	01:01:26 --> 01:01:31	another candlestick that stays below here and it's and it's lower, this
620	01:01:31 --> 01:01:37	becomes our new minor buy side. So you're constantly referring to this, and
621	01:01:37 --> 01:01:41	you'll see why. Learning how to do this, it's a little cumbersome, constantly
622	01:01:41 --> 01:01:46	moving it around. You won't need to do that once you know what it is that I'm
623	01:01:46 --> 01:01:50	teaching you, because you'll know, you'll understand that. Okay, now
624	01:01:50 --> 01:01:55	anything if we start to drop off, that means that price might be enticing
625	01:01:55 --> 01:01:59	traders to do what to be short, and if they're short, where they're going to
626	01:01:59 --> 01:02:03	place their stop loss above a high. You see how we ran above that high. We
627	01:02:03 --> 01:02:08	didn't close this candle yet, so it's still driving. There's liquidity in
628	01:02:08 --> 01:02:12	here, and there's inefficiency where the market wants to deliver just for the
629	01:02:12 --> 01:02:18	purpose of overlapping this singular down, close candle. Think about it like
630	01:02:18 --> 01:02:22	that paint analogy I gave you. The paint was applied with the roller on the wall,
631	01:02:22 --> 01:02:28	and it went down. So how do you go back over this same area? If there wasn't
632	01:02:28 --> 01:02:33	enough paint, it's got to go back up there at a later time. So that would
633	01:02:33 --> 01:02:39	make this a repricing to this inefficiency. That's a city. This is a
634	01:02:39 --> 01:02:40	sell side, imbalanced by sign in efficiency.
635	01:02:48 --> 01:02:55	It is. It isn't sexy, but you're learning. And the more times you do this
636	01:02:55 --> 01:03:00	stuff, you'll be able to see the setups and trades that I was doing today, which
637	01:03:00 --> 01:03:04	is, it doesn't matter, like I was trading without a buys. I was just
638	01:03:04 --> 01:03:10	simply trading time inefficiencies and liquidity. That's it. Time of day, how
639	01:03:10 --> 01:03:16	the market should characteristically deliver post lunch time, before
640	01:03:16 --> 01:03:21	lunchtime, during the lunch time. Okay, so you're never going to run out of
641	01:03:21 --> 01:03:24	setups with me. You're never going to you're never going to be short of a
642	01:03:24 --> 01:03:28	supply of opportunities. And that's the wonderful thing about what I'm teaching
643	01:03:28 --> 01:03:34	you. I give you lots of resources and tools to first determine how you want to
644	01:03:34 --> 01:03:38	trade which PD array Do you like? I'm not forcing it on you like I'm doing my
645	01:03:38 --> 01:03:43	son. So it gives you the control you have that control I don't have it over
646	01:03:43 --> 01:03:49	you. And that's what a mentor should do. A mentor should be like, Here is what's
647	01:03:49 --> 01:03:53	available to you right now in terms of opportunities to be a buyer seller. I
648	01:03:53 --> 01:03:57	was trying to get through this before that does that, so I might have to hurry
649	01:03:57 --> 01:04:02	up and run and Grab my power cord. ICT, are so unprofessional, dude, you
650	01:04:20 --> 01:04:44	come on and see if we can get it for thoughts. I probably can hear that guy
651	01:04:44 --> 01:04:56	out there running this his blower. There we go, alright, so you can see we
652	01:04:56 --> 01:05:00	touched that old high. It's probably random. I. Uh,
653	01:05:07 --> 01:05:12	just for moral victory, I'd like to see it book inside that blue shaded area.
654	01:05:12 --> 01:05:18	And I'd be content with that for this session together, but you can see how
655	01:05:18 --> 01:05:23	that dynamic high. And now this one here, you wouldn't you wouldn't need to
656	01:05:23 --> 01:05:26	keep that line on it anymore. You get rid of it. Sometimes you've probably
657	01:05:26 --> 01:05:31	seen where I've had levels annotated, and then I dim them. I don't make them
658	01:05:31 --> 01:05:37	so prominent in their color, almost like I fade them away. That's because I've
659	01:05:37 --> 01:05:42	taught somebody a very specific thing in a video. Maybe a student asked me a
660	01:05:42 --> 01:05:48	question, and then I demonstrate that same thing, where they keep it in their
661	01:05:48 --> 01:05:54	chart so that we can, you know, to journal it or study how all the time
662	01:05:54 --> 01:05:58	frames work with that specific level. I know we're on a one minute chart here,
663	01:05:58 --> 01:06:05	but my students are familiar with like 45 second, 32nd and 15 second. In my
664	01:06:05 --> 01:06:11	opinion, it's not necessary for you to trade below one minute chart, but once
665	01:06:11 --> 01:06:15	you learn how to do what is I teach, you'll, you'll, you'll probably want to
666	01:06:15 --> 01:06:21	do it, but it's not noise. Goldman Sachs boys will tell you it's noise, but it's
667	01:06:21 --> 01:06:28	that noise was, uh, sweet chin music today, wasn't it? ICT was all over that
668	01:06:28 --> 01:06:29	15 second chart.
669	01:06:36 --> 01:06:44	I'm waiting for this candlestick to close. Now annotate that high there. But
670	01:06:44 --> 01:06:48	what will eventually happen is, instead of moving these levels around to teach
671	01:06:48 --> 01:06:54	you to observe it as minor buy side and minor sell side liquidity pools, you'll
672	01:06:54 --> 01:06:57	just naturally understand that. Okay, this is where, in other words, it would
673	01:06:57 --> 01:07:03	look like this. You just know that that high has the minor buy side. You don't
674	01:07:03 --> 01:07:08	need to draw a short term trend line on it to draw attention to it being where
675	01:07:08 --> 01:07:15	stops with rest. But in keeping with the lesson, I'll do it because this is what
676	01:07:15 --> 01:07:21	Caleb should be doing. And now, because we just pierced a little bit over here.
677	01:07:21 --> 01:07:26	We don't need to have that there, and that's your dynamic minor buy side. And
678	01:07:27 --> 01:07:31	we traded all the way down into that little area I told you about a while
679	01:07:31 --> 01:07:35	ago, which was a volume of balance. The volume balance is a separation between
680	01:07:35 --> 01:07:42	two consecutive candles where the bodies do not join. There may be a connection
681	01:07:43 --> 01:07:49	with Wix, but there's no no overlapping or touching between the two candlestick
682	01:07:49 --> 01:07:58	bodies. That is a volume balance, and they are the the most flexible PD array,
683	01:07:58 --> 01:08:05	meaning that, yes, I can use them to put on a trade, to get into it. Yes, I can
684	01:08:05 --> 01:08:11	use them to get out of a trade. Yes, I can use them to take partials. I can add
685	01:08:11 --> 01:08:16	to in pyramid in them. But I also know that they are the most flexible PD
686	01:08:16 --> 01:08:25	array, meaning that I want my order block to be very, very strong in
687	01:08:25 --> 01:08:30	defending its mean threshold, its midpoint level, okay, half of its range.
688	01:08:31 --> 01:08:37	It can wick below it, but it cannot close below it if it closed below half
689	01:08:37 --> 01:08:41	of the candlestick that I'm looking for to to behave like an order block. If
690	01:08:41 --> 01:08:44	it's say, for instance, a bullish order block. I don't want to see any
691	01:08:44 --> 01:08:49	candlestick after it forms trade down and close below its halfway point. As
692	01:08:49 --> 01:08:54	soon as I see that, if I have a trade open and it's open profit, I'm going to
693	01:08:54 --> 01:08:58	take half the trade off, or make entirely close the entire trade off. If
694	01:08:58 --> 01:09:04	that is the last of the three PD arrays I'm using as a the last ditch support
695	01:09:04 --> 01:09:09	behind a bullish trade that I'm in. So I'm I'm not framing the basis of my
696	01:09:09 --> 01:09:15	trade being successful on just one PD array. While that one PD array may be
697	01:09:15 --> 01:09:21	the singular catalyst that puts me in at that specific price, the overall trade
698	01:09:21 --> 01:09:26	is not hinging on the basis of a order block or a fair value gap. There's other
699	01:09:26 --> 01:09:32	factors there. And now I'm watching the midpoint of this wick, which is
700	01:09:32 --> 01:09:37	consequent encroachment, and we're in the last couple seconds of the day, so
701	01:09:37 --> 01:09:40	it doesn't make a difference, but I'm just going to add it to it anyway. We'll
702	01:09:40 --> 01:09:42	see if we can drop it down and take out that cell saw and
703	01:09:42 --> 01:09:44	side right here. I'd
704	01:09:46 --> 01:09:49	like to see a trade up, hit the consequent curtain of that, and then
705	01:09:49 --> 01:09:51	dump right down to that. That'd be cool.
706	01:09:58 --> 01:10:01	So when you're watching price, these are types of things. You can practice what
707	01:10:01 --> 01:10:04	they're like, little, tiny drills. You see how it's freeing. It's very
708	01:10:04 --> 01:10:09	liberating to not expect yourself to be right. You don't have to be right. You
709	01:10:09 --> 01:10:13	don't have to be accurate about an entry point. But you want to get used to
710	01:10:13 --> 01:10:18	seeing how price behaves and how it shows you its mannerisms. And you also
711	01:10:18 --> 01:10:22	need to study what the mannerisms are around certain times a day, like Like
712	01:10:22 --> 01:10:30	now, versus the opening at 930 or after the first 30 minutes of trading, how
713	01:10:30 --> 01:10:32	does how does the market behave? Then? Okay,
714	01:10:39 --> 01:10:46	so I know some of you jokers that watch my videos. Not everybody watching this
715	01:10:46 --> 01:10:49	is who I'm referring to when I say these types of things. It's the people that
716	01:10:49 --> 01:10:53	don't really try to want to learn. They just want to watch something, to get
717	01:10:53 --> 01:10:57	some kind of material to go online and complain about, because it's not easy.
718	01:10:58 --> 01:11:02	So they want to attack it. And you're never going to make me feel bad about
719	01:11:02 --> 01:11:07	that. It just means that you aren't equipped to do it, and that's fine.
720	01:11:07 --> 01:11:10	There's other things out there. There's V wop and there's moving average,
721	01:11:10 --> 01:11:13	crossovers and indicators you can do all that stuff. Luck out goes making all
722	01:11:13 --> 01:11:17	kinds of crutches for all of you. And I don't mean that to be mean there's
723	01:11:17 --> 01:11:20	things that is available for everyone out there. You don't have to trade ICT
724	01:11:20 --> 01:11:23	concepts. You don't have to do anything that I teach. And you can flip a quarter
725	01:11:23 --> 01:11:27	with good money management. You can make money, but you do have to control your
726	01:11:27 --> 01:11:31	impulses. You do. You do have to fix the problems that are inside of you, because
727	01:11:31 --> 01:11:36	no matter what you use, until you fix you, you are going to be the reason and
728	01:11:36 --> 01:11:39	the catalyst for you losing all the time. There's no external factors that
729	01:11:39 --> 01:11:45	causes you to lose that is beyond you. You're it. You're the problem. And it's
730	01:11:45 --> 01:11:49	always that it was, I was the problem for myself, everybody else that's become
731	01:11:49 --> 01:11:53	profitable, if they're honest, they'll tell you they were the problem. They're
732	01:11:53 --> 01:11:58	you're always going to be the problem, tools and resources and approaches. You
733	01:11:58 --> 01:12:03	know, they're all going to differ, but you're going to be the constant. So if
734	01:12:03 --> 01:12:06	you're if you've been going through one trading approach to another trading
735	01:12:06 --> 01:12:10	approach, this mentor, that mentor. I tried this system, I tried and if
736	01:12:10 --> 01:12:15	nothing's working, it's probably a sure sign that you're doing something all the
737	01:12:15 --> 01:12:20	time that's messing it up. And that's why I teach the way I do. And it's not
738	01:12:20 --> 01:12:23	popular in the first few months with me, because it's you finding out that you're
739	01:12:23 --> 01:12:27	not as good as you think you are as a person. And here we go. Dig down in.
740	01:12:27 --> 01:12:34	There you go. ICT. Oh my goodness. So everything that we walk through here is
741	01:12:34 --> 01:12:39	just a really good example of how you can go in and study the last final hour
742	01:12:39 --> 01:12:45	trading. And what you'll see is, over time, you'll pick up on phenomenon that
743	01:12:45 --> 01:12:50	tends to repeat. And you'll also be able to recognize when the market's a little
744	01:12:50 --> 01:12:56	bit more complex and difficult to get in, versus other days where it's just
745	01:12:56 --> 01:13:00	the ranges are beautiful, the candlesticks are just easy to read. You
746	01:13:00 --> 01:13:03	can see the fair value guys. They just jump off the chart. And chart, whereas
747	01:13:03 --> 01:13:07	you see, like, this type of delivery. I think anyone that's familiar with my
748	01:13:07 --> 01:13:11	stuff, they can see this and say, okay, yeah, this isn't the previous type of
749	01:13:11 --> 01:13:15	price action. But as you can see, we can determine where it's likely to draw to.
750	01:13:16 --> 01:13:21	And while I wanted to see that up here trade too, it didn't get there, but it
751	01:13:21 --> 01:13:26	got to this high, it got to this high, and we watched how it delivered above
752	01:13:26 --> 01:13:29	this short term high here, and then eventually, after it did all the things
753	01:13:29 --> 01:13:32	over here, I would have liked to seen it trade up into the consequent crushing
754	01:13:32 --> 01:13:35	there. And if it would have hit that, I would have said, Now watch. I want to
755	01:13:35 --> 01:13:39	see it react off of that and then trade for that sell side. Actually said that,
756	01:13:39 --> 01:13:44	but I wanted to see it do it, and obviously okay, if it happens to do
757	01:13:44 --> 01:13:47	that, then what you can do is you can use the consequent encroachment of this
758	01:13:47 --> 01:13:50	wick, and that's where your stop loss would be. You don't need to be above
759	01:13:50 --> 01:13:54	this high because you have consequence here that frames the setup, and that
760	01:13:54 --> 01:13:58	little wick, half of half of that measurement here, your stop would be one
761	01:13:58 --> 01:14:01	tick above that, and then running to that short term sell side. That would be
762	01:14:01 --> 01:14:05	a very easy bread and butter setup. Now, for some of you that went right over
763	01:14:05 --> 01:14:12	your head, but that is a model that forms every single day. If you look on
764	01:14:12 --> 01:14:16	every time frame, you'll see it. You'll see it on these little time frames like
765	01:14:16 --> 01:14:20	this. You'll see a lot of it on a 15 second chart, a 32nd chart, a 45 second
766	01:14:20 --> 01:14:26	chart, because those charts, they're, they're they're moving, you know, little
767	01:14:26 --> 01:14:32	bit more abruptly. They're not, they're not faster. They're just not staying in
768	01:14:32 --> 01:14:37	a big bold up close candle or big bold down close candle. So it's there. They
769	01:14:37 --> 01:14:42	tend to have a little bit more wicks than they have bodies. And that's what
770	01:14:42 --> 01:14:47	makes these lower time frames, to me, very easy to work with, because there's
771	01:14:47 --> 01:14:51	lots of volume imbalances. There's actual gaps that form sometimes, which
772	01:14:51 --> 01:14:55	is easy, because the market is going to just dump right back into it, or go up
773	01:14:55 --> 01:14:58	into it real quick, and then once it leaves it, if it touches the bottom of
774	01:14:58 --> 01:15:02	it again, that's an easy entry. That that's a vacuum block. And if you don't
775	01:15:02 --> 01:15:05	know what that is, look at the month four content in the 2016 playlist on
776	01:15:05 --> 01:15:14	this YouTube channel. Look, I mean, that stuff is just, it's basic ICT, but it's
777	01:15:14 --> 01:15:18	absolutely essential for someone that's trying to figure out what their PD array
778	01:15:18 --> 01:15:21	is. Maybe, maybe you've seen me talking a lot about fair value gaps recently,
779	01:15:21 --> 01:15:24	because you just started following the channel and you're thinking, I don't
780	01:15:24 --> 01:15:28	feel comfortable with a fair value gap. I don't know what fair value gap I want
781	01:15:28 --> 01:15:31	to trade. Well, that's, that's what Caleb's learning. Caleb's learning that
782	01:15:31 --> 01:15:35	same thing. Okay, so how I'm teaching him? That's the answer to your question
783	01:15:35 --> 01:15:39	that people are leaving in my other videos, saying, how do you pick the
784	01:15:39 --> 01:15:42	right fair value gap? You always tend to get into the fair value gaps that work,
785	01:15:42 --> 01:15:47	right? Because I created it. I mean, if I make it, it's mine, right? So it makes
786	01:15:47 --> 01:15:53	perfect sense that I'm teaching my son in my best ability as both his dad and
787	01:15:53 --> 01:16:00	his teacher, I'm teaching him My solution to finding how it is that I see
788	01:16:00 --> 01:16:08	it. Let's be let's be honest. I might not be successful in communicating every
789	01:16:08 --> 01:16:11	facet that I know about a fair guy he got to him, but at least it gives him a
790	01:16:11 --> 01:16:15	framework to start with, which is exactly what I've invited all of you to
791	01:16:15 --> 01:16:19	do by having all the content I have my channel strip everything. I want to say
792	01:16:19 --> 01:16:22	this in five minutes, and we're going to end the session. I know you want to see
793	01:16:22 --> 01:16:25	me keep going, going, going, but I have a life, and I have something I want to
794	01:16:25 --> 01:16:34	get into that starts this weekend for me, trading how I teach. Okay, there are
795	01:16:34 --> 01:16:39	people out there that will say, I complicate things, and that's just you
796	01:16:40 --> 01:16:47	saying that you can't think like you are complicating it. You're thinking this is
797	01:16:47 --> 01:16:51	too much for me to work with. I own something simpler, and if that's how it
798	01:16:51 --> 01:16:55	is, say that, and I'll never argue against something like that. But if you
799	01:16:55 --> 01:17:00	say it's a complication, then I'm quick to show up and say, Tell me why you
800	01:17:00 --> 01:17:04	failed. Show me what you were doing. I did this with my own paid students. And
801	01:17:04 --> 01:17:08	when they would show me what they were doing, it's a big spotlight, huge
802	01:17:08 --> 01:17:11	spotlight, that they're not doing the things. And then when they got to the
803	01:17:11 --> 01:17:14	point where they were honest with me, they would tell me, yeah, I just, you
804	01:17:14 --> 01:17:17	know, I don't have the patience to do this. And blah, blah, blah right now,
805	01:17:17 --> 01:17:21	you're getting to the core problems that are inside of you. It's not the concept,
806	01:17:21 --> 01:17:26	because let's just make it very plain and simple, you're either going to be a
807	01:17:26 --> 01:17:29	buyer or you're going to be a seller. If you're trading, it means you're getting
808	01:17:29 --> 01:17:32	you're bullish. Do you think it's going to go higher? You're going to be
809	01:17:32 --> 01:17:36	expecting it to go lower? Okay, that means you're bearish. Right away.
810	01:17:36 --> 01:17:42	There's your two decisions. But now you have to ask yourself, is it the time for
811	01:17:42 --> 01:17:45	the market to go in that direction that I want to be a buyer so I could be
812	01:17:45 --> 01:17:51	bullish on a market and not take a trade yet, because it's not the right time.
813	01:17:53 --> 01:17:56	There's an out of session. There's a period of time between specific sessions
814	01:17:56 --> 01:18:01	I'm not interested in trading. There are times when the market is very, very
815	01:18:01 --> 01:18:09	liquid, and it's very fluid. Okay, this is not a fluid market. All these
816	01:18:09 --> 01:18:13	candlesticks here, while they did deliver, and you watch me outline it
817	01:18:13 --> 01:18:16	here in front of you, even though that it's something I admittedly wouldn't
818	01:18:16 --> 01:18:21	want to trade this, we can still see what it's trying to do. And when you
819	01:18:21 --> 01:18:25	start doing these things, and you think to yourself, Okay, well, it's
820	01:18:25 --> 01:18:29	complicated. But then when you practice like this, and you start getting
821	01:18:29 --> 01:18:33	successful at reading where it's trying to get to, it may not feel all that big
822	01:18:33 --> 01:18:37	of a deal right now, but when it starts to happen in your own hands, and you
823	01:18:37 --> 01:18:40	think, Oh, I was hoping it was going to trade here. I was watching and watching
824	01:18:40 --> 01:18:42	and watching. I had a little bit of doubt it wasn't gonna get there. And all
825	01:18:42 --> 01:18:46	wasn't going to get there, and all sudden, it did it. And that that
826	01:18:46 --> 01:18:49	epiphany, that that moment of Wow, it really just did that. It feels good. And
827	01:18:49 --> 01:18:53	you're going to want to talk to your friends and your spouse and say, you
828	01:18:53 --> 01:18:55	know, they're not going to see it. They're not going to feel that same
829	01:18:55 --> 01:19:00	moment of astonishment that you have. That are very small, micro points of
830	01:19:00 --> 01:19:04	milestones in your progress, but they're essential, and you need to journal that,
831	01:19:04 --> 01:19:08	and you need to cheerlead yourself, but stripping it down, you're just trying to
832	01:19:08 --> 01:19:12	be a buyer, or you're trying to be a seller. If you're trying to be a short
833	01:19:12 --> 01:19:15	seller, that means you're bearish. All you're looking for is a market that has
834	01:19:15 --> 01:19:21	a clear, obvious, relative, equal low or a singular low, and the market has moved
835	01:19:21 --> 01:19:24	in a manner that has proven its willingness to not want to go any
836	01:19:24 --> 01:19:33	higher. Here's a high. It trades above it. How many times? Once, twice, three
837	01:19:33 --> 01:19:38	times, and it goes to this high before it does the turnaround. That candlestick
838	01:19:38 --> 01:19:44	is 355 so what is occurring at that 355, time, like, what behind the scene is
839	01:19:44 --> 01:19:51	going on? That's the that's the market on clothes. It's the settlement macro.
840	01:19:51 --> 01:19:56	It's it's where the last little piece of of volume getting shoved in the
841	01:19:56 --> 01:20:00	marketplace, the algorithm is going to force traders to. It's not that them
842	01:20:00 --> 01:20:03	selling and buying it. Okay, it's going to start spooling. What
843	01:20:04 --> 01:20:09	does that mean? Spooling is kind of like if you're a fisherman and you have your
844	01:20:09 --> 01:20:15	your lure and your sinker and hook on your fishing rod, and you cast the lure
845	01:20:15 --> 01:20:21	out in the water as the fish in line leaves that reel. It's that's spooling
846	01:20:21 --> 01:20:26	off the reel at the fishing line is going away from your rod. Okay. Well,
847	01:20:26 --> 01:20:30	when price hit this high that we talked about before it happened, it trades up
848	01:20:30 --> 01:20:37	to it and hits it. Once it hits it, the time element kicks in. I would have
849	01:20:37 --> 01:20:40	liked to seen it spike up there. Admittedly, I would have liked to seen
850	01:20:40 --> 01:20:42	that, because then I would have said, I'm going to look here. But you can
851	01:20:42 --> 01:20:45	clearly see when we got down to this area, I said, Watch the consequent
852	01:20:45 --> 01:20:49	encouragement of this wick. If the next candle would have opened up and traded
853	01:20:49 --> 01:20:53	it into the midpoint of that, I would have said, Watch and see if it delivers
854	01:20:53 --> 01:20:57	from here down to that cell side, because the macro is going to do what
855	01:20:57 --> 01:21:02	it's going to seek, liquidity or inefficiency. So from up in the midpoint
856	01:21:02 --> 01:21:06	of this wick here, what inefficiency would it have? We've already hit this
857	01:21:06 --> 01:21:09	volume imbalance with this spike down in here, so it's not, it's not something it
858	01:21:09 --> 01:21:13	would want to reach for. So what's going to reach for? What's lower than into the
859	01:21:13 --> 01:21:19	left of that that low, and that's why I said watch and see how it dries down,
860	01:21:19 --> 01:21:24	and see if we can get that cell side a little too because the macro, it's a
861	01:21:24 --> 01:21:29	it's a computer program. It's a script, folks, it's aI doing this. And what this
862	01:21:29 --> 01:21:35	is doing is it forces, it literally forces traders to be impulsive. Oh no,
863	01:21:35 --> 01:21:39	it's dropping. Let me get out of my trade. So what are they going to do?
864	01:21:39 --> 01:21:42	They're going to sell, they're going to sell. They're going to sell not because
865	01:21:42 --> 01:21:46	it's creating selling pressure that drives it lower the market is offering
866	01:21:46 --> 01:21:49	lower prices and lower prices and lower prices. And it doesn't matter how many
867	01:21:49 --> 01:21:53	people are coming in to buy it. It does not matter how many people are willing
868	01:21:53 --> 01:21:57	to come in and buy it, because there's only going to be what a buyer and a
869	01:21:57 --> 01:22:02	seller meeting together. That's it. It's a net some zero gain for every short
870	01:22:02 --> 01:22:05	seller, there's got to be a buyer for the same amount of contracts, and then
871	01:22:05 --> 01:22:09	you have that price booked. So if the algorithm is constantly going to school
872	01:22:09 --> 01:22:13	going lower, that means it's offering lower prices constantly. It does not
873	01:22:13 --> 01:22:17	matter if Warren Buffett came in here and tried to whale it in there. It's
874	01:22:18 --> 01:22:21	going to go where it wants to go, because it's predetermined. And it's
875	01:22:21 --> 01:22:27	going to go right where those stops are. I know there's a lot of you out there
876	01:22:27 --> 01:22:31	that want to wrestle with that. It doesn't matter. It doesn't matter if you
877	01:22:31 --> 01:22:34	believe me. It doesn't matter if you believe there's an algorithm, but I'm
878	01:22:34 --> 01:22:38	telling you, look for these. We'll call it patterns, because it's not a pattern
879	01:22:38 --> 01:22:43	to me. But look for these types of patterns to repeat. If you don't like to
880	01:22:43 --> 01:22:51	think there's an algorithm, just call it a pattern, okay? And this high
881	01:22:51 --> 01:22:56	frequency, reoccurring phenomenon, okay, we'll call it that you don't want an
882	01:22:56 --> 01:23:03	algorithm. Call it that it's there every single day. And when you start looking
883	01:23:03 --> 01:23:10	at price like this, it takes away. It demystifies everything. Now true, when I
884	01:23:10 --> 01:23:14	was on baby pips, I created this lore of mystery around you know what it was I
885	01:23:14 --> 01:23:18	was doing, because I want, obviously draw a crowd, and I was successful in
886	01:23:18 --> 01:23:22	doing it, but I didn't want to teach this level of it. I didn't want to do
887	01:23:22 --> 01:23:26	it, but because it's my son, I want him to to learn it right. I wanted to learn
888	01:23:26 --> 01:23:30	it the right way. I want him to start off on the good foot. I want him to
889	01:23:30 --> 01:23:35	learn how to do it in a manner that not is meant to rush him through it, but
890	01:23:35 --> 01:23:43	certainly afford him the ability to grow at a pace that's reasonable, because I'm
891	01:23:43 --> 01:23:47	starting with them with one PD array. See, if you're a student of just a
892	01:23:47 --> 01:23:52	YouTube channel and not going through this mentorship, you have a question to
893	01:23:52 --> 01:23:55	answer. First, you know which PD array you're going to use. And that's a
894	01:23:55 --> 01:23:59	problem for some people, because they're indecisive. That's a problem just like
895	01:23:59 --> 01:24:07	somebody being impulsive, just like somebody being a liar or a someone
896	01:24:07 --> 01:24:10	that's fearful all the time, that's prone to be anxious. You know, they're
897	01:24:10 --> 01:24:15	all character flaws. There's ways that you can compensate for those things, but
898	01:24:16 --> 01:24:20	for the folks that have to be they, if you're indecisive, you have to determine
899	01:24:20 --> 01:24:24	which PD Are you going to start with? You know, unless you're going through
900	01:24:24 --> 01:24:27	this mentorship here, or you're going through like the silver bullet model for
901	01:24:28 --> 01:24:35	Cameron, or if you're using the 2022, mentorships I made for my daughter,
902	01:24:37 --> 01:24:41	those very specific things, you know, that's it's telling you, look at this
903	01:24:41 --> 01:24:45	and look at nothing else. Well, here I'm teaching my son to use the fair value
904	01:24:45 --> 01:24:51	gap, but he has to see some kind of attack on liquidity first. And there's a
905	01:24:51 --> 01:24:57	joker on on Twitter to try to say, I'm teaching him, teaching my son his model,
906	01:24:57 --> 01:25:02	dude, I don't know what you're smoking. But I've been doing this before you were
907	01:25:02 --> 01:25:06	out of school and before you ever started trading, and all I'm doing is
908	01:25:06 --> 01:25:10	teaching him to look for a run on buy side and sell side, and that might be in
909	01:25:10 --> 01:25:14	a very narrow range, like we just outlined today. That's all that is. And
910	01:25:14 --> 01:25:17	then looking for a pool of liquidity or inefficient that it's going to draw to
911	01:25:17 --> 01:25:24	based on the time and the underlying market structure, so I don't need to
912	01:25:24 --> 01:25:27	copy something. And apparently you used to be a student of mine, so, or maybe
913	01:25:27 --> 01:25:31	still, or I don't know, but you use my stuff, and I don't know who you are, and
914	01:25:31 --> 01:25:35	I have so many students I don't know all of you, and some of you get offended
915	01:25:35 --> 01:25:40	because I don't know you, I don't know you, I don't know none of you really. So
916	01:25:42 --> 01:25:46	I don't need to copy anyone. I don't need to, certainly don't want to copy a
917	01:25:46 --> 01:25:50	student. Okay? And I have so many other things I have never released before,
918	01:25:51 --> 01:25:56	like you simply don't need everything that I've put on my YouTube channel, but
919	01:25:56 --> 01:26:02	you have to decide on one thing, and by creating unique models, you can have a
920	01:26:02 --> 01:26:08	little bit easier approach to saying what you want to focus on. But every one
921	01:26:08 --> 01:26:12	of those PD arrays that I've shared, and no, not all, 81 of them have been
922	01:26:12 --> 01:26:17	released, but the and I don't intend to release them either, but the idea of you
923	01:26:17 --> 01:26:21	picking one to start with, it still takes you back to the same thing. Are
924	01:26:21 --> 01:26:26	you a buyer or seller? The market's going to go whether you use a optimal
925	01:26:26 --> 01:26:30	trade entry, if you use a fair value gap in inversion fair value gap, if you use
926	01:26:30 --> 01:26:34	institutional orderful entry drill, if you use the consequent encroachment of
927	01:26:34 --> 01:26:39	Wix to get into a trade, they're all entry mechanisms, but not every price
928	01:26:39 --> 01:26:44	run has every single one of these PD arrays, which is why I taught my paid
929	01:26:44 --> 01:26:49	students to have all those choices, because a well rounded student of price
930	01:26:49 --> 01:26:53	action using the algorithmic principles I'm teaching you, which are smart money
931	01:26:53 --> 01:26:59	concepts, those choices that are afforded to you because you know all
932	01:26:59 --> 01:27:05	those PD arrays you can trade in any time frame, in any market, in any market
933	01:27:05 --> 01:27:09	asset class. You can literally walk in the marketplace and say, Okay, I know
934	01:27:09 --> 01:27:14	what I'm looking for, because here it is, and that's why you see jokers out
935	01:27:14 --> 01:27:19	there saying, oh, ICT has got a cover for everything. Yes, I absolutely do,
936	01:27:20 --> 01:27:24	absolutely. I don't know why that's a problem. I had a problem getting into
937	01:27:24 --> 01:27:28	trades. I was afraid that I was going to get the right one. So I had to develop
938	01:27:28 --> 01:27:33	lots of ways to get into trades. Because my my problem was I wanted to be in
939	01:27:33 --> 01:27:39	every move. I wanted to be in everything. So I was a madman, and I
940	01:27:39 --> 01:27:44	stripped down price, and I look for things that were doing, certain things
941	01:27:44 --> 01:27:48	that you can't learn about, but I'm showing you in price action. So that way
942	01:27:48 --> 01:27:51	you can see these things, these PD arrays, these little things that repeat,
943	01:27:52 --> 01:27:55	if everything is there in price where it's going to go higher for inefficiency
944	01:27:55 --> 01:28:00	or higher for buy stops, find the PD array that you're comfortable with, if
945	01:28:00 --> 01:28:03	the if the PDA rate that you're looking for doesn't form, guess what that means?
946	01:28:03 --> 01:28:06	You don't take the trade and you miss that run. And what does that mean for
947	01:28:06 --> 01:28:11	you? Do you lose your mind over that? Are you getting upset and mad about
948	01:28:11 --> 01:28:18	that? Why you were right about the direction? That's the progress. That's
949	01:28:18 --> 01:28:21	how you mark off in your journal. I didn't get my PDA where I didn't get my
950	01:28:21 --> 01:28:24	entry, but it was very satisfying to see it go to where I thought it was going to
951	01:28:24 --> 01:28:27	go, and it probably went faster than you thought it was. And then you can say in
952	01:28:27 --> 01:28:32	your journal, it was amazing to see how price just vaulted right to this level.
953	01:28:32 --> 01:28:35	I'm so encouraged by that, because that means I'm seeing things on the right
954	01:28:35 --> 01:28:39	side of the marketplace, and 99% of people out there, they don't do that.
955	01:28:39 --> 01:28:44	But some of you want to beat yourself up because you can't get in like an ICT
956	01:28:44 --> 01:28:48	entry. You can't use these ultra small little stop losses. I gotta start making
957	01:28:48 --> 01:28:51	my stop losses bigger just because I'm creating a,
958	01:28:52 --> 01:28:56	you know, a fit, you know, a nervous tick in all of you like, somehow that's,
959	01:28:56 --> 01:29:00	it's not, it's not good enough unless you have a stop loss like mine. But
960	01:29:00 --> 01:29:05	that's just how I trade. That's I'm I, that's how I do things. But I'm going to
961	01:29:05 --> 01:29:09	start using a wider stop loss in my examples, because I don't want you
962	01:29:09 --> 01:29:11	thinking that you have to have that right now, and that's going to create a
963	01:29:11 --> 01:29:15	problem for you, because you, if you want to go right into trading and think
964	01:29:15 --> 01:29:18	you're going to figure it all out real quick, and you're going to just go do it
965	01:29:18 --> 01:29:22	real fast with really small stop losses, and you're always going to get the right
966	01:29:22 --> 01:29:25	direction, and you're always you're not listening to me, because I'm telling you
967	01:29:25 --> 01:29:29	that's not going to happen. It takes time these assholes out there that want
968	01:29:29 --> 01:29:33	to try to twist things around because they want the attention, they want to
969	01:29:33 --> 01:29:36	sell something, they want to encourage their buddies to do paid mentorships.
970	01:29:36 --> 01:29:41	Okay? All that stuff. You don't need to pay for any mentorship. There's so many
971	01:29:41 --> 01:29:47	people out there on YouTube, okay, that don't even trade with my stuff. They
972	01:29:47 --> 01:29:52	trade in front of their their audience, okay? They may not be perfect. They may
973	01:29:52 --> 01:29:58	not be. You know what I would view as worth putting money behind. But if
974	01:29:59 --> 01:30:04	you're comfortable. Watching them. Don't watch my stuff. I'm not going to troll
975	01:30:04 --> 01:30:07	anybody. I'm not going to go into your live stream and troll you. Okay? I'm not
976	01:30:07 --> 01:30:12	going to do that, but I will say that your shit is bullshit and that it's
977	01:30:12 --> 01:30:16	substandard and subpar, and it can't even come close to this. And I proved
978	01:30:16 --> 01:30:20	that today. Every single time I sit on a live stream, I tell you every single
979	01:30:20 --> 01:30:24	candlestick. That's because I want you to see what it looks like, how it
980	01:30:24 --> 01:30:28	behaves, what should it do? What shouldn't it do? All those things that's
981	01:30:28 --> 01:30:32	building a narrative. Nobody was talking about a narrative in price action, and
982	01:30:32 --> 01:30:36	so I started teaching in private mentorship. Everything in the industry
983	01:30:36 --> 01:30:40	has changed because of that. And that's not a brag, that's not me beating my
984	01:30:40 --> 01:30:44	chest. That's just the facts, and that's essential. It's I'm glad it's happened.
985	01:30:44 --> 01:30:48	That's why you're seeing so many more profitable traders in the world. They
986	01:30:48 --> 01:30:53	may not do everything that my my concepts have brought to the industry,
987	01:30:53 --> 01:30:58	but certain ideas of how to look for certain types of profiles, how the
988	01:30:58 --> 01:31:01	market will behave, not market profile with volume and all that other stuff,
989	01:31:01 --> 01:31:07	but how it should deliver price make the low of the day first and then close on
990	01:31:07 --> 01:31:11	the high. Oh, that's easy. That's a classic buy day. But then there's other
991	01:31:11 --> 01:31:15	market profiles that tell you that it will consolidate in the first part of
992	01:31:15 --> 01:31:19	the day and in the afternoon, it gives you a price run. Okay, what's it going
993	01:31:19 --> 01:31:22	to do? It can consolidate all morning, through the lunch what's it going to
994	01:31:22 --> 01:31:24	reach for later in the afternoon? Well, if you don't know what the weekly and
995	01:31:24 --> 01:31:28	the daily is likely to reach for, you won't know that. But if you do know
996	01:31:28 --> 01:31:31	those things that you know that the consolidation might just go through the
997	01:31:31 --> 01:31:35	lunch period and then the lunch consolidation, they'll drop it down
998	01:31:35 --> 01:31:39	below. When it's bullish, they'll drop it down, engage the sell side, and then
999	01:31:39 --> 01:31:43	pump it all the way up into the last hour of the day, when you go through all
1000	01:31:43 --> 01:31:48	those market profiles that I teach in the latter months, I apologize. I simply
1001	01:31:48 --> 01:31:54	do not know it was the 2017 it's part of the day trading stuff. I don't know what
1002	01:31:54 --> 01:31:58	playlist that is. I apologize, but it's, it's in the latter months. I think it
1003	01:31:58 --> 01:32:05	may be eight or nine month eight or nine? I don't know. I don't, I don't
1004	01:32:05 --> 01:32:12	want to tell you one and it be wrong. But the the day trading stuff, where I
1005	01:32:12 --> 01:32:17	teach very specific daily profiles, just like on short term trading, I teach
1006	01:32:17 --> 01:32:22	weekly profiles how to look at a weekly range and how it behaves and how it will
1007	01:32:22 --> 01:32:26	perform. It takes a lot of experience to do that, so don't think you're gonna
1008	01:32:26 --> 01:32:29	watch those videos. And I knew how the next week's gonna paint, because you
1009	01:32:29 --> 01:32:33	have to understand the economic calendar, what week we're in on, what
1010	01:32:33 --> 01:32:36	month of the year, what seasonal tendencies. And I have a lady that left
1011	01:32:36 --> 01:32:43	me a comment, can I show how I overlay and adjust my seasonal tendency charts.
1012	01:32:43 --> 01:32:47	Seasonal tendency charts are static charts. They're not something that I can
1013	01:32:47 --> 01:32:52	change or augment, and they come from Steve Moore. From more research. You can
1014	01:32:52 --> 01:32:57	google him. He has the best work on seasonal tendencies. He has the absolute
1015	01:32:57 --> 01:33:02	best it's the best service you can have for seasonal tendencies. I do not get
1016	01:33:02 --> 01:33:06	anything for it. I don't even know if he knows about me, or if you know he even
1017	01:33:06 --> 01:33:10	knows who I am, but I have sent so many people I'm sure to him. I don't get a
1018	01:33:10 --> 01:33:13	kickback. I don't want to kick back if you're listening to me, Steve, I just I
1019	01:33:13 --> 01:33:19	I've always paid for the stuff, and that's the way it is. And I don't want
1020	01:33:20 --> 01:33:24	anyone misunderstanding that the seasonal tendencies, even though they
1021	01:33:24 --> 01:33:28	are as good as they are, and I believe in them, they're not panaceas. That
1022	01:33:28 --> 01:33:32	means that they're not a be all, end all answer. It doesn't mean that just
1023	01:33:32 --> 01:33:36	because price is likely to go down over the next month and a half that it will.
1024	01:33:36 --> 01:33:40	It just means that if you have the technicals behind it, and you're
1025	01:33:40 --> 01:33:45	entering that time when it's likely to go lower. That chart helps you to trust
1026	01:33:45 --> 01:33:50	that it's not just a one day trade or a week long trade, it's probably a month
1027	01:33:50 --> 01:33:53	or more. And they're really nice times to trade. If you look at through his
1028	01:33:54 --> 01:33:57	it's not really expensive. You can go in there and do like a trial run, I think,
1029	01:33:58 --> 01:34:03	and just take a look at some of his charts. I just, I got them two times.
1030	01:34:04 --> 01:34:12	Okay, I got it back in 1995 and I got it in the 2000s and it's basically
1031	01:34:12 --> 01:34:18	screenshot them, and they don't change a lot. So what I'm saying is, is when you
1032	01:34:18 --> 01:34:25	want to look at a 15 year versus, you know, a 40 year tendency. He gives you
1033	01:34:25 --> 01:34:28	these two lines that look like moving averages. And you want to look at the
1034	01:34:28 --> 01:34:34	seasonal tendencies that have both of those time measurements of what that
1035	01:34:34 --> 01:34:39	commodity or that instrument, because he has it for every market, how they're
1036	01:34:39 --> 01:34:44	agreeing where they'll both aggressively go lower for a period of time throughout
1037	01:34:44 --> 01:34:47	the year. He shows you a whole calendar year at the bottom, like a like a chart
1038	01:34:48 --> 01:34:53	from January to December. And what I have taught and what I've done with my
1039	01:34:53 --> 01:34:56	own trading is I focus on times when both the short term seasonal tendency
1040	01:34:56 --> 01:35:03	and the long term agree, and they're moving the. Same direction. If you're
1041	01:35:03 --> 01:35:07	short, when it's both the long term and the intermediate term, short term,
1042	01:35:07 --> 01:35:11	seasonal tendencies, if they're agreeing, you're going to find that they
1043	01:35:11 --> 01:35:14	are many times the low resistance liquidity run signatures in price that
1044	01:35:14 --> 01:35:18	you want to be actually in. And they're really fun to be a part of. So you can,
1045	01:35:18 --> 01:35:24	you can basically plan when your biggest volume of trades are going to enter by
1046	01:35:24 --> 01:35:27	using a seasonal seasonal tendency. But one of the wonderful things that I
1047	01:35:27 --> 01:35:33	learned was when the seasonal tendency isn't panning out, that used to make me
1048	01:35:33 --> 01:35:38	angry. I'd be like, Man, I want coffee to go down. I want coffee to drop. But
1049	01:35:38 --> 01:35:46	it wasn't. And then it told me that it's not going down as it normally would. So
1050	01:35:46 --> 01:35:51	it means it's wildly bullish. So when I changed my stance and said, Okay, I'm
1051	01:35:51 --> 01:35:54	going to look for longs technically, because there's a seasonal tenancy right
1052	01:35:54 --> 01:35:57	now that says it shows supposedly going lower right now, both the short term and
1053	01:35:57 --> 01:36:00	the long term. Seasonal tendency for coffee at this moment says for the next
1054	01:36:00 --> 01:36:06	five weeks or month and a half, it should be bearish, but price just ain't
1055	01:36:06 --> 01:36:10	going down. Ain't going down. Okay, well, then I'm going to look for
1056	01:36:10 --> 01:36:14	something technical. I'm going to wait for a price run higher, and then I'm
1057	01:36:14 --> 01:36:18	going to take the first spare value gap, I'm going to buy that. And any chance I
1058	01:36:18 --> 01:36:24	keep adding to it, I will, and you'll see that that many times outperforms
1059	01:36:24 --> 01:36:28	what the seasonal tendency would have been had it delivered. Because it's
1060	01:36:28 --> 01:36:32	telling you something that's against the grain. So you have to be you have to be
1061	01:36:33 --> 01:36:37	receptive to that, and you need to be able to be receptive to the things in
1062	01:36:37 --> 01:36:43	price action. When you're watching every individual candlestick, doing these
1063	01:36:43 --> 01:36:47	types of exercises, even if you don't know exactly what you're doing in in the
1064	01:36:47 --> 01:36:50	beginning, everybody feels that way. When you were in chemistry, when you
1065	01:36:50 --> 01:36:55	were taking physics in school, in higher math courses, it all was hard, right
1066	01:36:55 --> 01:37:00	until you understood what it is you're doing. This is no different. You just
1067	01:37:00 --> 01:37:04	got to keep showing up every single day and apply yourself. Don't spend
1068	01:37:04 --> 01:37:07	anything, you know, in terms of gross amount of time, because you'll burn
1069	01:37:07 --> 01:37:11	yourself out. You'll get tired of hearing me, and it's the worst thing in
1070	01:37:11 --> 01:37:14	the world is to try to listen to me when you're tired, because you're not going
1071	01:37:14 --> 01:37:19	to you're not going to retain anything. It's going to frustrate you. And you
1072	01:37:19 --> 01:37:26	want your study time to be optimal. You don't want it to so I'm putting time in.
1073	01:37:26 --> 01:37:29	I'm listening to him, because I don't want to hear him complain how I'm doing
1074	01:37:29 --> 01:37:33	enough work. Put enough in, but don't put too much in. There's got to be a
1075	01:37:33 --> 01:37:39	balance. And if you spend too much time studying my stuff, you'll fizzle out,
1076	01:37:39 --> 01:37:42	you'll lose energy, you'll lose energy. You'll lose interest, because it's just
1077	01:37:43 --> 01:37:46	going to bog you down. It's very dry material, so schedule how much time you
1078	01:37:46 --> 01:37:50	spend with it, and then when you spend time away from it, doing your other
1079	01:37:50 --> 01:37:54	things, you're going to find out that they're they're going to be a lot less
1080	01:37:54 --> 01:37:57	interesting. And you're going to want to come back to studying. When you start
1081	01:37:57 --> 01:38:01	reading price correctly, and you start seeing these little moments where you're
1082	01:38:01 --> 01:38:06	getting better at it. It's fun to be addicted to do it. Okay, that's how you
1083	01:38:06 --> 01:38:13	know that it's for you. Because if you can't be in a chart, studying and seeing
1084	01:38:13 --> 01:38:16	the repeating phenomenon and seeing how, man, that would have been an
1085	01:38:16 --> 01:38:21	opportunity, I can see how I could have used that. That's what you're constantly
1086	01:38:21 --> 01:38:25	looking for. You're constantly looking for that type of setup. I have lots of
1087	01:38:25 --> 01:38:30	them. I have something for every single one of you. It may not be the very first
1088	01:38:30 --> 01:38:33	things you start with. It may not be this mentorship with the fair value guy,
1089	01:38:33 --> 01:38:38	but it's not just a fair value guy. I'm teaching you other things. Caleb, these
1090	01:38:38 --> 01:38:42	other things are going to help you find the right fair value guy.
1091	01:38:43 --> 01:38:51	That's that's the default, the the byproduct, or if you will, of doing this
1092	01:38:51 --> 01:38:56	holistic approach to understanding how price is booked. Knowing these things
1093	01:38:57 --> 01:39:01	will help you be a well rounded trader. And then it'll be easy for you to look
1094	01:39:01 --> 01:39:05	at the other PD arrays, and you're like, Well, I understand how that might fit. I
1095	01:39:05 --> 01:39:09	don't use a institutional order flow entry drill. But now I can see I've
1096	01:39:09 --> 01:39:12	watched fair value gaps enough. Now I can see, oh, yeah, that must have been
1097	01:39:12 --> 01:39:16	one of those institutional order entry drills. And the only way you're going to
1098	01:39:16 --> 01:39:21	know an institutional order flow entry drill is likely to be the entry and not
1099	01:39:21 --> 01:39:24	closing that fair value gap is when you see price action not fill fair value
1100	01:39:24 --> 01:39:29	gaps, and you're going to discover that you're in low resistance liquidity runs,
1101	01:39:29 --> 01:39:33	when those institutional info entry drills form because they don't form in
1102	01:39:33 --> 01:39:39	high resistance liquidity runs. Oh, but see, you can't appreciate that if I say
1103	01:39:39 --> 01:39:42	it to you because you haven't studied the difference between this type of
1104	01:39:42 --> 01:39:46	price delivery here, all of this run here, where we can clearly see what it
1105	01:39:46 --> 01:39:50	was reaching for. I mean, if we were in a classroom right now, and I said, raise
1106	01:39:50 --> 01:39:55	your hand if you were impressed with how it was possible for us as a group to
1107	01:39:55 --> 01:40:00	watch and see how price was going to reach for these individual levels. I. I
1108	01:40:00 --> 01:40:03	would say, raise your hand if you were impressed by the ability using this
1109	01:40:03 --> 01:40:06	concept of watching price and what is it reaching for? How we can go right to
1110	01:40:06 --> 01:40:09	these very specific candles and understand that the market will want to
1111	01:40:09 --> 01:40:16	go to them for the Express purposes of delivering for liquidity sake, where it
1112	01:40:16 --> 01:40:22	fires once this candlestick hit this candlestick high, right there any
1113	01:40:22 --> 01:40:27	liquidity at that price. Every one of those orders become, what a market order
1114	01:40:28 --> 01:40:34	to do, what to be a buyer at the market? Why would that be useful? Because if
1115	01:40:34 --> 01:40:40	anyone was long here, they have to have liquidity to sell to so when this
1116	01:40:40 --> 01:40:45	algorithm books price to that tick right there at that high, anything at that
1117	01:40:45 --> 01:40:52	candlesticks high, or any one of these here that buy stop becomes a market
1118	01:40:52 --> 01:40:59	order to buy at the market. Every order, every order that trips, is a market
1119	01:40:59 --> 01:41:03	order. Now a limit order says, I want to be buying at a market, but at this price
1120	01:41:03 --> 01:41:08	or better. But it's still a market order. It's, it's, it's asking to be
1121	01:41:08 --> 01:41:16	tripped right now, that's liquidity. I don't care about the split above old
1122	01:41:16 --> 01:41:21	highs. How much is it for buy stops to be in a new long position or getting out
1123	01:41:21 --> 01:41:25	of a short position. I don't care about that. I don't care to know what book
1124	01:41:25 --> 01:41:29	math or any other instrument out there says how many orders are resting. I
1125	01:41:29 --> 01:41:31	don't care about level two data that says this order, because they're all
1126	01:41:31 --> 01:41:37	spoofed. Every big, large institution can put those numbers out there when
1127	01:41:37 --> 01:41:41	we're trading away from it, and they're going to try to lure traders in there.
1128	01:41:41 --> 01:41:45	It's a manipulation. Why am I going to look at something I know can be
1129	01:41:45 --> 01:41:49	manipulated? I don't have any faith in that stuff, and I don't need it. Did you
1130	01:41:49 --> 01:41:53	see me use any of that information describing what you just watched today?
1131	01:41:53 --> 01:41:56	No, I didn't use any of that stuff doing those trades that worked circles around
1132	01:41:56 --> 01:42:03	everybody else today on the social media. I guarantee you no one put down
1133	01:42:03 --> 01:42:09	those numbers. No one put down those numbers today. Nobody did period. But I
1134	01:42:09 --> 01:42:15	can do that every single day, even in ugly days. But it's not important for
1135	01:42:15 --> 01:42:19	you to be able to do that right now. You just need to be able to find out when
1136	01:42:19 --> 01:42:24	it's not like this. And when the ranges, the individual candlesticks are a lot
1137	01:42:24 --> 01:42:29	more liquid and fluid, they just run real far and they leave gaps, and it
1138	01:42:29 --> 01:42:32	runs to pools of liquidity. They're obvious and easy to see in the
1139	01:42:32 --> 01:42:37	marketplace, because that's important to be able to observe that. As soon as you
1140	01:42:37 --> 01:42:43	can start to observe that, you'll know when the market's really nice, and it's
1141	01:42:43 --> 01:42:48	easy to get in and find setups all day long, but when you know you have to work
1142	01:42:48 --> 01:42:52	for it like this, that's the that's the surest sign to drop your leverage down
1143	01:42:52 --> 01:42:57	to just one micro lot, because chances are you're about to lose money that day.
1144	01:42:59 --> 01:43:03	But you don't want to hear that. Students of mine don't want to hear that
1145	01:43:03 --> 01:43:07	people out there that just want to come here and sample from my table and get
1146	01:43:07 --> 01:43:10	some things for their mentorship. They don't want to hear that. They're never
1147	01:43:10 --> 01:43:13	going to tell their students that. But I'm telling you that's exactly how you
1148	01:43:13 --> 01:43:18	progress and you learn properly, because you want to be in these environments
1149	01:43:18 --> 01:43:22	like this, watching price, because that's what makes you better. That's why
1150	01:43:22 --> 01:43:27	I know everything about what price is likely to do, because I've seen 32 years
1151	01:43:27 --> 01:43:34	of it. I've watched these candlesticks paint. I've worn my eyes out looking at
1152	01:43:34 --> 01:43:41	them. And I know what this algorithm clearly look at it, look Come on. Come
1153	01:43:41 --> 01:43:45	on. You admit it. Now either I'm really, really good at reading price action and
1154	01:43:45 --> 01:43:50	buying and selling pressure, which to me, is an impossible feat, because how
1155	01:43:50 --> 01:43:53	can I know how many people are going to be buying and selling? How can I know
1156	01:43:53 --> 01:43:56	that nobody could know that the algorithm itself doesn't even know how
1157	01:43:56 --> 01:43:58	many stops are above or below these highs and lows. They don't. It doesn't
1158	01:43:58 --> 01:44:07	know that, but it doesn't need to know that, if you're playing baseball, and
1159	01:44:07 --> 01:44:11	the batter behind you hits hits the ball, and it's going it looks like it's
1160	01:44:11 --> 01:44:15	going to go out into the into the stands, and you're the only player on on
1161	01:44:16 --> 01:44:22	on base, you're on first as you start to run. Is it a stress to believe that
1162	01:44:22 --> 01:44:26	there's going to be a guy at the home plate that's wearing a mask on his face?
1163	01:44:27 --> 01:44:32	Chances are, yeah, two of them, an umpire and the catcher. That's something
1164	01:44:32 --> 01:44:37	that's going to be there. You know it's going to be there. Okay, well, in price
1165	01:44:37 --> 01:44:41	action, you're going to start seeing these things that repeat all the time,
1166	01:44:41 --> 01:44:45	and they're always going to be there. There's very specific, generic things.
1167	01:44:47 --> 01:44:54	Some of them are going to be so much more impactful for you as a trader, that
1168	01:44:54 --> 01:45:00	are going to be less impactful or more significant to others. But. Don't try to
1169	01:45:00 --> 01:45:03	compare notes. In that regard, when you're brand new, you don't know what
1170	01:45:03 --> 01:45:06	you're doing. The worst thing you could do this is why I didn't want to have
1171	01:45:06 --> 01:45:10	students being able to talk, and they say, oh, you know, he's running on a
1172	01:45:10 --> 01:45:14	cult. He doesn't want the people talking. Because if you're if you're
1173	01:45:15 --> 01:45:20	deaf, dumb and blind, okay, and you're being taught something, and the person
1174	01:45:20 --> 01:45:24	next to you is deaf, dumb and blind too. How are you going to help that person
1175	01:45:24 --> 01:45:27	that's the blind leading the blind, and your confusion could be contagious to
1176	01:45:27 --> 01:45:30	the person next to you that never had that concern, and now they like, oh,
1177	01:45:30 --> 01:45:34	yeah, I never thought about that. That's a problem. Now, no, it's not. You should
1178	01:45:34 --> 01:45:39	be isolated in your own study, in your own journal. That's your laboratory.
1179	01:45:40 --> 01:45:46	Monster lab is in your journal. That's where it's that's where the real
1180	01:45:46 --> 01:45:51	learning takes place. What you find as a barrier, how you formulate these
1181	01:45:51 --> 01:45:55	barriers, and how you overcome them, that occurs in that journal. Because you
1182	01:45:55 --> 01:45:58	can hold yourself back with all the toxic would have, thinking, I never do
1183	01:45:58 --> 01:46:02	this, right? It should have happened sooner. Yeah, watch this video. ICT is a
1184	01:46:02 --> 01:46:05	scammer. I should have knew better. I should have never put this much time
1185	01:46:05 --> 01:46:11	into this stuff. Nobody's making money with ICT stuff when you know that that's
1186	01:46:11 --> 01:46:16	not true, but you're just looking for an excuse not to study, not to be diligent
1187	01:46:16 --> 01:46:23	about it, but by having an understanding of what this looks like here, all this
1188	01:46:24 --> 01:46:29	back and forth price action. Yes, it's delivering where we were looking for
1189	01:46:29 --> 01:46:36	every single one of these individual buy stops, every single one of them were
1190	01:46:36 --> 01:46:45	hit. But when you have a very fluid delivery of price action where the
1191	01:46:45 --> 01:46:49	market's just really sweeping with its runs higher and lower, and it creates
1192	01:46:49 --> 01:46:53	these really nice, easy separations between the candles. You're not seeing
1193	01:46:53 --> 01:46:57	that here, but it's not impossible to trade. But would you want to trade in an
1194	01:46:57 --> 01:47:04	environment like this between this high and this high down here, would you want
1195	01:47:04 --> 01:47:07	to trade in that environment or something that's a lot more opened up
1196	01:47:07 --> 01:47:12	between every individual candlestick? Clearly, this, this looks probably hard
1197	01:47:12 --> 01:47:17	to you, and if you think and feel that way, that's normal. That's exactly how
1198	01:47:17 --> 01:47:21	you should identify it. It doesn't mean it doesn't mean it's impossible to read
1199	01:47:21 --> 01:47:24	it. It doesn't mean it's impossible to trade it. It just means that this is
1200	01:47:24 --> 01:47:29	going to require a lot more skill than you have right now at the moment. And as
1201	01:47:29 --> 01:47:33	I opened this session up, I told you that this is an environment where I'm
1202	01:47:33 --> 01:47:37	I'm not willing to take trades on this, because I can't frame it where I have a
1203	01:47:37 --> 01:47:44	stop that's small and not see it come down and spike into it. I was honest in
1204	01:47:44 --> 01:47:47	this live stream, but I was also honest in telling you exactly how the this
1205	01:47:47 --> 01:47:51	thing was going to deliver these buy stops. And went right to them. Period
1206	01:47:51 --> 01:47:54	where I was wrong was I wanted to, I wanted to see it spike in the net blue
1207	01:47:54 --> 01:48:01	area. I did really want to see that, but the sell side down here, I failed right
1208	01:48:01 --> 01:48:05	there too, because it didn't give me what that little bump up in the
1209	01:48:05 --> 01:48:10	consequence. But had it done that, I would have been peacocking. But you got
1210	01:48:10 --> 01:48:13	to take your victories and the way you would do this, if you if you did this on
1211	01:48:13 --> 01:48:16	your own, you would say it was fascinating to see how it went above
1212	01:48:16 --> 01:48:21	this high here. And it took that liquidity and it created, you know,
1213	01:48:21 --> 01:48:25	small, little, short term highs that reached over here inside of the dealing
1214	01:48:25 --> 01:48:32	range, from those highs here down to the low here. But can you see now how, when
1215	01:48:32 --> 01:48:36	you look at my executions, and you see how my exits and my entries are always
1216	01:48:36 --> 01:48:38	at the lows in the highs,
1217	01:48:40 --> 01:48:43	it's because I'm looking at price, just like I've taught you here today, and how
1218	01:48:43 --> 01:48:47	I'm teaching you all the time. The liquidity here, I know when it drives
1219	01:48:47 --> 01:48:53	down below that, chances are we're going to still gravitate around that blue
1220	01:48:59 --> 01:49:02	pair of lines. That's this, buy something down, sell some efficiency
1221	01:49:02 --> 01:49:05	over here, because that's it's just hanging around you. So it's going to
1222	01:49:05 --> 01:49:09	take, what's going to take a real move to get away from that. So we don't know
1223	01:49:09 --> 01:49:12	if it's going to take this buy side yet. You don't know if it's not the sell side
1224	01:49:12 --> 01:49:16	yet. So what did I have to tell you? I have to sit and wait. I got to wait and
1225	01:49:16 --> 01:49:21	watch what it's going to do. And what did it take first, the sell side. Now we
1226	01:49:21 --> 01:49:25	want to see, what does it do when we get back up into here? Does it start to
1227	01:49:25 --> 01:49:30	build support on all these individual levels here, inside this biosynthetic
1228	01:49:30 --> 01:49:35	balance, cell sign efficiency that's been graded? Sure it does and it gets
1229	01:49:35 --> 01:49:41	above it here, we want to see it come back down and touch this high, which is
1230	01:49:41 --> 01:49:44	this, candles low, right there. That's the high, this buy side of balance, cell
1231	01:49:44 --> 01:49:49	sign efficiency. And then it starts working its way up to this buy side. And
1232	01:49:51 --> 01:49:55	then when we watch the tank down here, I said, now watch and see, do we start
1233	01:49:55 --> 01:49:59	taking out this high? And we mapped out every new, dynamic buy side liquidity
1234	01:49:59 --> 01:50:03	pool. And I told you, these highs are factored in, and these are only being
1235	01:50:03 --> 01:50:09	factored is because, as you take out the dynamic high that's going to frame the
1236	01:50:09 --> 01:50:14	new buy side that's building constantly above it, you're going to have to look
1237	01:50:14 --> 01:50:19	inside the range here. So every little short term high and any efficiency,
1238	01:50:19 --> 01:50:23	that's where your eye goes to in the beginning, you're going to feel like you
1239	01:50:23 --> 01:50:26	don't know which one to pick, and that's okay. It's that's all normal. Caleb,
1240	01:50:26 --> 01:50:31	that's normal. But watching my examples and watching how I analyze the charts
1241	01:50:31 --> 01:50:36	and even the old videos, now, with you studying it like this, they're all going
1242	01:50:36 --> 01:50:39	to start making a whole lot more sense to you. I can't tell you how many times
1243	01:50:39 --> 01:50:44	I get people from my 2016 mentorship group that tell me that they have such
1244	01:50:44 --> 01:50:49	an epiphany now their level of understanding has really clicked just in
1245	01:50:49 --> 01:50:54	the two months that we've been doing this. Because I'm taking you into things
1246	01:50:54 --> 01:50:58	that are very specific, but what they don't realize it's just because they
1247	01:50:58 --> 01:51:01	spent more time looking in the charts and some of other students that are
1248	01:51:01 --> 01:51:06	brand new that usually these, these are the comments that I I block you when you
1249	01:51:06 --> 01:51:10	say these things, this is you're just making it confusing, or I'm confused. If
1250	01:51:10 --> 01:51:13	you want to make those comments, trust me, I'm never going to see another
1251	01:51:13 --> 01:51:17	comment from that to me, is someone that's complaining. If you're
1252	01:51:17 --> 01:51:22	complaining, that means you're not studying, because if you're studying,
1253	01:51:22 --> 01:51:26	you're going to find the answers. These videos sometimes are very, very long,
1254	01:51:26 --> 01:51:31	but they're also answering a plethora of questions that I know that are building
1255	01:51:31 --> 01:51:37	up. And every question you have may not get answered in the next five or six
1256	01:51:37 --> 01:51:40	videos you watch, but you'll have more learning and more foundation. And then
1257	01:51:40 --> 01:51:45	sometimes you get the you get your own answer in your own charts. And that's a
1258	01:51:45 --> 01:51:48	really good feeling, because if you're watching price and you're and you're
1259	01:51:48 --> 01:51:52	studying around certain ideas and characteristics that I'm teaching you
1260	01:51:52 --> 01:51:57	that tend to repeat every single day, when it happens in your own hands,
1261	01:51:57 --> 01:51:59	you're going to doubt it, but it's going to feel great. You're like, wow, wait a
1262	01:51:59 --> 01:52:03	minute. It can't be real. I did that really happen. And then eventually
1263	01:52:03 --> 01:52:09	you'll get to a point where you hear me talk about in a video, I had that
1264	01:52:09 --> 01:52:14	happen. Oh yes, and it feels good. Why? Because I didn't show it to you in a
1265	01:52:14 --> 01:52:21	video beforehand, but because your study, you observed it. That's progress
1266	01:52:21 --> 01:52:25	when they occur, you should celebrate that in your journal. You should really
1267	01:52:25 --> 01:52:28	feel good about that and really cheerlead it. It doesn't mean go on
1268	01:52:28 --> 01:52:32	social media and tell everybody you think that would be impressed by that,
1269	01:52:32 --> 01:52:34	because they're not going to be impressed with that. And that's not
1270	01:52:34 --> 01:52:37	going to help you, because it's going to make you feel like, wow, maybe it wasn't
1271	01:52:37 --> 01:52:40	that big of a deal. Don't invite the social media into your journal. Don't
1272	01:52:40 --> 01:52:44	invite social media in your progress period. I'm not staying on Twitter. I'm
1273	01:52:44 --> 01:52:48	over there just to fan the flames. That's all. I'm having fun doing it, but
1274	01:52:48 --> 01:52:54	nonetheless, it's my playground. But you shouldn't do those types of things that
1275	01:52:54 --> 01:52:57	that's not essential. It's actually not good for you. But because I'm setting my
1276	01:52:57 --> 01:53:00	ways, I'm an old dog. I don't want to learn any new tricks. I know all the
1277	01:53:00 --> 01:53:06	tricks. Okay, you don't, you're you're trying to find yourself as a trader.
1278	01:53:06 --> 01:53:09	You're trying to find yourself as an individual and how you're going to
1279	01:53:09 --> 01:53:13	engage with these markets. And you want to remove any chance of any toxicity,
1280	01:53:14 --> 01:53:20	any kind of influence, whether it be initially thought as as good or bad. And
1281	01:53:20 --> 01:53:24	when you find your model, don't even expect me to chime in on the market
1282	01:53:24 --> 01:53:27	you're trading, because I'll mess you up. Because I have all kinds of models.
1283	01:53:27 --> 01:53:30	I could be doing all kinds of things. Clearly today, look at what I was doing
1284	01:53:30 --> 01:53:33	today. I'm certain I haven't gone through Twitter, but I'm certain I have
1285	01:53:33 --> 01:53:36	students that probably will show me examples of where they actually executed
1286	01:53:36 --> 01:53:39	and did similar things. And then there will be others out there saying I took
1287	01:53:39 --> 01:53:42	the exact same trade, but they're never sharing that. So unless you're willing
1288	01:53:42 --> 01:53:46	to share it, if I see your comment, I'm going to say, show me. And if you didn't
1289	01:53:46 --> 01:53:49	do it, you're going to feel real embarrassed. But there's going to be
1290	01:53:49 --> 01:53:53	people that say, I don't know how you did that. Where'd you get that from? How
1291	01:53:53 --> 01:53:56	do you You're hiding something from me, and I see I'm not I'm not hiding
1292	01:53:56 --> 01:54:02	anything. I'm doing exactly what I teach. We're working with price action.
1293	01:54:02 --> 01:54:07	We're trading inside of ideas that tend to repeat over and over and over again,
1294	01:54:07 --> 01:54:11	but the first primary function is price is not going to move until it's time for
1295	01:54:11 --> 01:54:17	it to move. I don't give a shit. Who tells you what? Okay, that's the fucking
1296	01:54:17 --> 01:54:22	facts. They paint it like I painted it today. They ain't explaining it to you.
1297	01:54:22 --> 01:54:28	They're talking all this nonsense, nonsense. I'm going to tell you why that
1298	01:54:28 --> 01:54:31	candlesticks going to do it. I'm going to tell you why that candlestick
1299	01:54:31 --> 01:54:37	shouldn't do it. And that logic is going to repeat every fucking day, every week.
1300	01:54:37 --> 01:54:45	It ain't going to change, because it's scripted, unless the hand comes in and
1301	01:54:45 --> 01:54:50	physically manipulates it. That's manual intervention. That means everything goes
1302	01:54:50 --> 01:54:55	out the window. Nobody's nobody's able to foresee that. Nobody does have that
1303	01:54:55 --> 01:54:59	ability. When they go in there and they manipulate price and they just say,
1304	01:54:59 --> 01:55:03	Okay, it's time. For this thing to move 150 handles, because something just
1305	01:55:03 --> 01:55:07	happened around the world. We used to have surprise rate cuts and rate
1306	01:55:07 --> 01:55:11	announcements increases. We used to have that. Some of you don't even know what
1307	01:55:11 --> 01:55:16	that is, but it would cause the market like, what the hell just happened? Oh
1308	01:55:16 --> 01:55:20	yeah, the Fed just said, Well, you're surprised. We're going to do a 50 basis
1309	01:55:20 --> 01:55:23	point cut, or we're going to raise interest rates a full basis point. Where
1310	01:55:23 --> 01:55:30	the hell that come from? Yeah, you got it easy right now. You got it real easy.
1311	01:55:30 --> 01:55:34	Everything's going by the TV Guide, which is that calendar, but you have to
1312	01:55:34 --> 01:55:37	be aware of what's going on around the world, because things are about to pop
1313	01:55:37 --> 01:55:42	off, and your whole world is going to change like that, and you're going to
1314	01:55:42 --> 01:55:45	see it visually represented in these charts, because it's going to look like
1315	01:55:45 --> 01:55:50	an earthquake just hit. And if you're in the market, and if I'm in the market,
1316	01:55:51 --> 01:55:54	we're going to get hurt. That's an underlying risk that you have to be
1317	01:55:54 --> 01:56:00	aware of. And nobody's talking about that as a mentor, but I am, and they can
1318	01:56:00 --> 01:56:03	call me a Chicken Little all they want, but who's been calling this shit since
1319	01:56:03 --> 01:56:07	2016 I told you Trump was going to be president. I told you they're going to
1320	01:56:07 --> 01:56:10	use them as a fall guy. I told you that they were going to do this stuff in 2019
1321	01:56:11 --> 01:56:14	and it was going to affect everywhere.
1322	01:56:19 --> 01:56:24	So a lot of stuff. I said, just look at those, those old videos or recordings on
1323	01:56:24 --> 01:56:27	YouTube. I don't put my Twitter spaces on my channel, but you can find them
1324	01:56:28 --> 01:56:31	just do a search on YouTube. There's several channels out there that are
1325	01:56:31 --> 01:56:36	posting them, and I don't care. I don't want them on my channel, but my stuff,
1326	01:56:36 --> 01:56:42	I'm batting 1000 in geopolitical crap. I can read the tea leaves because I have
1327	01:56:42 --> 01:56:47	faith, and this stuff's already been pre written, and that's what I'm using, that
1328	01:56:47 --> 01:56:52	prayer and discernment within the markets we have static things, things
1329	01:56:52 --> 01:56:58	that tend to repeat because they're designed to be this way. And when you
1330	01:56:58 --> 01:57:04	have things that are visible, that you can measure statistically in
1331	01:57:04 --> 01:57:10	probability, that it tends to repeat on this day, tends to do these types of
1332	01:57:10 --> 01:57:15	things. This time of day, it tends to do this thing. And when you have these
1333	01:57:15 --> 01:57:20	expectations in price, and it's not doing that, it's telling you something.
1334	01:57:20 --> 01:57:23	It's telling you that it's not doing what it normally would be expected to be
1335	01:57:23 --> 01:57:30	doing at that time. And there's so many examples of that in my mentorship that I
1336	01:57:30 --> 01:57:33	could talk for six more hours. And somebody would love for that to happen,
1337	01:57:33 --> 01:57:36	but I don't want to, because I've already talked longer than I should. It
1338	01:57:36 --> 01:57:40	never, it never works out like I wanted to, like I've never been able to come
1339	01:57:40 --> 01:57:42	out here and just do these really short ones I don't have the ability to do
1340	01:57:42 --> 01:57:45	ability to do it. I don't know what's wrong with me, but it's nothing wrong
1341	01:57:45 --> 01:57:53	with you. ICT talk, baby talk, get that podcast going be. The takeaway is this,
1342	01:57:53 --> 01:57:57	while this might not be something you would trade, and I, admittedly, I was
1343	01:57:57 --> 01:58:01	not interested in trading it, it doesn't mean that I can't see what it's going to
1344	01:58:01 --> 01:58:06	do. And that is not failure, that's not being fearful, that's you seeing me tell
1345	01:58:06 --> 01:58:13	you in advance, this is a tight, not, not, not a very fluid market, so that
1346	01:58:13 --> 01:58:18	means it's going to be all this back and forth fuzziness. It's real. I don't want
1347	01:58:18 --> 01:58:21	to say chop, because it's not choppy. Everything. Here is a rhyme and reason.
1348	01:58:21 --> 01:58:25	When somebody says, Oh, the CHOP is real, that's what they're saying,
1349	01:58:25 --> 01:58:29	because they don't know what the fuck is going on. They have no idea what prices.
1350	01:58:29 --> 01:58:32	Don't they clearly do not know if they are saying, Oh, is this really choppy?
1351	01:58:32 --> 01:58:35	And I have students, I have students that are live streamers that will say,
1352	01:58:35 --> 01:58:39	Oh, is this really choppy? That just means they haven't learned this part
1353	01:58:39 --> 01:58:44	yet. They will. They'll get better at it. But if you feel the impulse to say
1354	01:58:44 --> 01:58:50	that, don't stop saying those words. Stop saying them audibly. Stop thinking
1355	01:58:50 --> 01:58:54	it. Do not use those words. Oh, that's getting real choppy in here. Oh, the
1356	01:58:54 --> 01:58:59	Marcus is really choppy. Don't do that. Don't do that, because what you're doing
1357	01:58:59 --> 01:59:05	is subconsciously, you're giving yourself an excuse because you're
1358	01:59:05 --> 01:59:12	expecting to be right about right now. And you have to relinquish your death
1359	01:59:12 --> 01:59:17	grip on the marketplace and say, You know what, what's it going to reach for?
1360	01:59:19 --> 01:59:22	That's all you have to do. Take a step back and say, what is it going to reach
1361	01:59:22 --> 01:59:27	for? Where are my inefficiencies? Well, if there's a lack of any inefficiency,
1362	01:59:27 --> 01:59:30	then you have to go down to what I've taught you here. Stick to just the buy
1363	01:59:30 --> 01:59:35	side and the sell side. That's it. That's it. That's all you can do or turn
1364	01:59:35 --> 01:59:39	the charts off. But while you're learning, don't do that. You want to be
1365	01:59:39 --> 01:59:44	looking at the market when it looks like it's hard, because that's going to be
1366	01:59:44 --> 01:59:47	how you recognize when you're in a market, when you think it starts off in
1367	01:59:47 --> 01:59:50	a day, at 930 the bell rings. Everybody's chomping at the bit. There
1368	01:59:50 --> 01:59:54	might be a big gap. There might be all the things that look like it's going to
1369	01:59:54 --> 02:00:00	be a wonderfully easy trading day. Not every single trading day, it. A
1370	02:00:00 --> 02:00:03	profitable day for a new student. That's not true. And anybody tells you that
1371	02:00:03 --> 02:00:06	they're blowing smoke up your ass, that is a lie, just like the people that tell
1372	02:00:06 --> 02:00:10	you you need to learn how to trade with real money, even if it's $100 account,
1373	02:00:10 --> 02:00:15	that's fucking bullshit. I promise you, these people can't consistently go out
1374	02:00:15 --> 02:00:18	in front they won't go live stream, and they won't tell you anything about the
1375	02:00:18 --> 02:00:22	market before it happens. They won't do that. They'll do a lot of jawboning, but
1376	02:00:22 --> 02:00:25	I'm giving you principles of what you're focusing on. So while I might talk a
1377	02:00:25 --> 02:00:32	lot, I'm giving you tons of diamond dust. This is stuff that I had to lose
1378	02:00:32 --> 02:00:37	my ass over losing lots of money before I got it in my head. Oh yeah. This is,
1379	02:00:37 --> 02:00:42	this is how I should have been doing it. This is how I should see it. I wrestled
1380	02:00:42 --> 02:00:48	with it more time than I should have. And some of you don't want to listen,
1381	02:00:49 --> 02:00:54	and I don't want you Caleb, doing that stupid, because your progress will be
1382	02:00:54 --> 02:00:59	much longer than it needs to be if you resist this stuff, if you go through the
1383	02:00:59 --> 02:01:05	process of saying, You know what, every day is a price action study day, even if
1384	02:01:05 --> 02:01:11	it looks ugly, even if you think it's bad, that's when you dig in. But watch
1385	02:01:11 --> 02:01:15	and see if you ever have the time you're not trying to be in front of the charts.
1386	02:01:15 --> 02:01:19	Look what the chats are in live streams when there is choppy conditions, when
1387	02:01:19 --> 02:01:23	it's doing things that's not real fast market. You'll hear them all, bitch and
1388	02:01:23 --> 02:01:26	Moon. Well, you'll see them actually, you won't hear them. They'll say, oh and
1389	02:01:26 --> 02:01:31	f this market, this is so this is this is bad. This is so bad that's a
1390	02:01:31 --> 02:01:36	wonderful opportunity for you to dig in, because they're going to always be
1391	02:01:36 --> 02:01:38	stagnant in their progress. They're never going to make it any better,
1392	02:01:38 --> 02:01:42	because they're going to gamble on every single day, until they realize, okay,
1393	02:01:42 --> 02:01:46	the markets beat me today, versus you being able to read it and say, oh, yeah,
1394	02:01:46 --> 02:01:50	this is doing what I need to sit still. Strip it down to where's the
1395	02:01:50 --> 02:01:53	inefficiencies? If I don't see any inefficiencies, okay, focus on where's
1396	02:01:53 --> 02:01:57	the stops. And it's going to be basically a ping pong. It takes the sell
1397	02:01:57 --> 02:02:00	side, then it runs the buy side. It goes to the buy side, then it runs to the
1398	02:02:00 --> 02:02:02	sell side. That's all you're that's all you're that's all it's going to do. It's
1399	02:02:02 --> 02:02:07	not going to go a straight line, even when it barcodes, it's still taking
1400	02:02:07 --> 02:02:11	minor buy side and sell side. And that's still a study that's worthwhile, because
1401	02:02:11 --> 02:02:17	what that does, it reassures the the person that's insecure inside you as a
1402	02:02:17 --> 02:02:22	trader that you're trying to protect from hurting you, hurting them rather. I
1403	02:02:22 --> 02:02:27	don't want my my inner self, to have a losing trade. I don't want them to get
1404	02:02:27 --> 02:02:32	it wrong. I'm going to protect them wrong, absolutely wrong. You need to be
1405	02:02:32 --> 02:02:35	out here and roll your sleeves up and feel what it feels like to be
1406	02:02:35 --> 02:02:39	uncomfortable when the market's not doing what you want it to do, and if you
1407	02:02:39 --> 02:02:44	run away from it, thinking it's just not it's not for me today. See, that's how
1408	02:02:44 --> 02:02:47	it was on baby pits. Because I didn't want to teach people on baby pits, this
1409	02:02:47 --> 02:02:52	stuff. I didn't want to do that. That's what makes me good at reading price.
1410	02:02:52 --> 02:02:55	That's what makes me good at putting myself in at the highs and the lows.
1411	02:02:55 --> 02:02:58	That's what makes me good at being a pick the daily low and getting out the
1412	02:02:58 --> 02:03:03	highs. That's what makes me good at that, because I went through all the mud
1413	02:03:04 --> 02:03:10	of watching when it's ugly and nobody wants to be in that stuff. Fast markets,
1414	02:03:11 --> 02:03:14	easy, fast runs, oh man, give me that. And as soon as they can punch the clock
1415	02:03:14 --> 02:03:20	and get out and run away from the markets, they're doing it, not me. I was
1416	02:03:20 --> 02:03:24	in there until it closed, and I'd be up all night long, looking at it on
1417	02:03:24 --> 02:03:28	blowbacks. I'd be there constantly looking at these markets overnight,
1418	02:03:28 --> 02:03:33	watching the currency futures, watching the Swiss Franc and the Deutsche Mark,
1419	02:03:35 --> 02:03:40	looking at all this stuff, taking in new information, wrestling with
1420	02:03:40 --> 02:03:45	uncertainties. But the constant things that I would observe are the things that
1421	02:03:45 --> 02:03:53	I teach. These things are constants. They're not variables. And you have to
1422	02:03:53 --> 02:03:57	be constant about how you think about yourself and what you're trying to do if
1423	02:03:57 --> 02:04:02	you are constantly like a variable, you know what you're trying to trade. You're
1424	02:04:02 --> 02:04:04	always trying to pick a new PD array. You're always waiting for me to teach
1425	02:04:04 --> 02:04:11	something new. The only thing that's being introduced new is an entry
1426	02:04:11 --> 02:04:16	mechanism. Everything is still the same. The market's going to go up based on the
1427	02:04:16 --> 02:04:20	same principles. The market's going to go down over the same principles. The
1428	02:04:20 --> 02:04:26	only thing that's changing, the only thing that's morphing and becoming more
1429	02:04:26 --> 02:04:30	information, is that I'm teaching new entry mechanisms. That's all. That's
1430	02:04:30 --> 02:04:34	only thing that's been it's been added to that core content. That's the only
1431	02:04:34 --> 02:04:38	thing that's happened. But some of you, because you've been studying a little
1432	02:04:38 --> 02:04:44	while, you feel like you have learned something entirely new. Everything I'm
1433	02:04:44 --> 02:04:49	teaching here is everything I taught in core content. Everything is there. The
1434	02:04:49 --> 02:04:53	only difference is, is you have a little bit more experience, and now, oh, I just
1435	02:04:53 --> 02:04:56	had that moment that I told you, if you keep pushing at it, you'll eventually
1436	02:04:56 --> 02:04:59	have that moment of astonishment, that epiphany that I finally got, the AHA.
1437	02:05:00 --> 02:05:05	Own it, and then suddenly you knew how to trade, suddenly knew what your model
1438	02:05:05 --> 02:05:08	is, suddenly knew how to put a stop loss at the right place and never rush it to
1439	02:05:08 --> 02:05:11	strangle the trade. You'll have all these things figured out. But that
1440	02:05:11 --> 02:05:15	doesn't happen fast, and that's why a lot of people that come to me don't stay
1441	02:05:15 --> 02:05:19	look at the look at the numbers on the video. It the very first one of the 2024
1442	02:05:20 --> 02:05:23	mentorship. It's a lot of it. It's a lot of views on that first one, right? And
1443	02:05:23 --> 02:05:26	then the second one's less, the third one's less. And then they'll say, Well,
1444	02:05:26 --> 02:05:29	you talk too much, and you don't get to the point. The point is, is you need to
1445	02:05:29 --> 02:05:32	know all these things, or you're not going to be fucking successful. That's
1446	02:05:32 --> 02:05:36	the point. The point is, is I want my son to be successful. I want my son to
1447	02:05:36 --> 02:05:41	know everything that I know. I don't want him to have a one trick pony.
1448	02:05:41 --> 02:05:48	Approach, silver bullet, that's a one trick pony. Cameron's model, that's a
1449	02:05:48 --> 02:05:53	one trick pony. My daughter 2022 mentorship, that's a one trick pony.
1450	02:05:53 --> 02:05:58	Optimal trade entry, that's a one trick pony. You're trapped in that, and if
1451	02:05:58 --> 02:06:01	it's not fitting you or your personality, you're going to struggle.
1452	02:06:03 --> 02:06:08	But I would toss those out there, because I know some people may gravitate
1453	02:06:08 --> 02:06:12	to that, but the real students are going to go through this one first, the 2024
1454	02:06:13 --> 02:06:16	because this is where the rubber meets the road. You're in the trenches out
1455	02:06:16 --> 02:06:17	here in real price action. Live with me
1456	02:06:19 --> 02:06:24	and the things I point to it's happening, why it's going to do certain
1457	02:06:24 --> 02:06:28	things, it's happening. And no one can say anything about that. They can't
1458	02:06:28 --> 02:06:31	argue it's exactly what it is. That's why I said I could, literally, I could
1459	02:06:31 --> 02:06:36	do this on CNBC. They could have a a 15 minute spot where, you know, pick
1460	02:06:36 --> 02:06:40	Kramer's ass off of there, and I'll tell you what the S, P and the Nasdaq, and
1461	02:06:41 --> 02:06:46	any other market, ICTs markets, okay, and I could be out there. I probably get
1462	02:06:46 --> 02:06:52	even richer doing that. I give them ratings. You'd watch me. Don't fucking
1463	02:06:52 --> 02:06:55	lie. You watch me. You damn right, you watching me. I get my little sound
1464	02:06:55 --> 02:06:58	buzzer buttons over there, bye, bye, bye, sell, sell, sell. But it'd be me
1465	02:06:58 --> 02:07:02	saying all the words that you don't like hearing me say little beeps, beep, beep,
1466	02:07:02 --> 02:07:09	beep, cussing, F bombs. But anyway, I'm rambling now, but that's why I'm a
1467	02:07:09 --> 02:07:12	rambling I want you guys to think about what I showed you here today. You don't
1468	02:07:12 --> 02:07:16	need to listen to all this part, but watch the part of what we were looking
1469	02:07:16 --> 02:07:20	at, how price was booking, how it was delivering, and reaching for those buy
1470	02:07:20 --> 02:07:25	stops. Okay? I just remembered what I was saying earlier, and I didn't finish
1471	02:07:25 --> 02:07:31	my thought. When price is inside of inefficiencies like fair value gaps or
1472	02:07:31 --> 02:07:37	volume imbalances, I don't want to see price stay in them. If you notice that
1473	02:07:37 --> 02:07:42	the market's staying inside of inefficiencies, you have to take a step
1474	02:07:42 --> 02:07:46	back, because now what you're what you're seeing is time distortion. That
1475	02:07:46 --> 02:07:50	means the algorithm is in a holding pattern. It's not going to move fast,
1476	02:07:50 --> 02:07:54	it's not going to do something crazy and squirrely. It's just simply going to
1477	02:07:54 --> 02:07:57	keep grinding sideways. You're going to hear Patrick wheeling and the people
1478	02:07:57 --> 02:08:03	like him are going to man this market. Oh, the job is real. You ought to make a
1479	02:08:03 --> 02:08:06	t shirt. Patrick, get a t shirt. The chop is real. You'll probably make money
1480	02:08:06 --> 02:08:12	off of that. But when you see people do that, what they're saying is, is, I
1481	02:08:12 --> 02:08:16	don't know what the hell's going on, and they they're frustrated, but I'm
1482	02:08:16 --> 02:08:20	teaching you take a step back and say, Okay, where are the inefficiencies? If
1483	02:08:20 --> 02:08:25	there's no inefficiencies, and it's staying inside of the only inefficiency
1484	02:08:25 --> 02:08:29	that's around price right now during this time, that means the market's in a
1485	02:08:29 --> 02:08:33	holding pattern. Markets are simply being controlled and held in time
1486	02:08:33 --> 02:08:37	distortion, meaning it's just marking time. It's not meant to make a new range
1487	02:08:37 --> 02:08:42	high, which would take that short term high out here, or take that low out
1488	02:08:42 --> 02:08:47	here, until it did it. Once it did it, what time of day is it happening during
1489	02:08:47 --> 02:08:56	the 250, to 310, macro? See that it's about price? No, it's about time,
1490	02:08:56 --> 02:09:02	motherfucker. So it drops down, sell sides taken during my macro and then,
1491	02:09:02 --> 02:09:07	because it took sell side first, and we're in a consolidating market, the
1492	02:09:07 --> 02:09:11	chub is real. What's it going to do? It's going to explore the other side of
1493	02:09:11 --> 02:09:15	this inefficiency. So where is what's the focus at this high just like I told
1494	02:09:15 --> 02:09:21	you during the live stream. So took sell side first. It's reasonable to expect it
1495	02:09:21 --> 02:09:25	to appear. It did it. And then I outlined every individual one up here,
1496	02:09:25 --> 02:09:28	all that high right there, and that high. Look at the high of that
1497	02:09:28 --> 02:09:33	candlestick. It's, it's prices. Let me move as far as you can see it. It's
1498	02:09:33 --> 02:09:38	19,000 Well, of course it's going to be whatever I'm hovering over, but it's
1499	02:09:38 --> 02:09:47	this, this value here, the H, that's this price right there, 19,005 five, 1.7
1500	02:09:48 --> 02:09:58	5.75175 and this one here is 52 even so it want one tick above it. That's enough
1501	02:09:58 --> 02:10:06	to make all the orders go what? Ha? Up. So any market order at that high or just
1502	02:10:06 --> 02:10:13	above it, tags it, and they become what a market order to flood the market with
1503	02:10:13 --> 02:10:18	willing buyers at a high price, which is exactly what smart money would do by
1504	02:10:18 --> 02:10:21	being a buyer of these sell stops down here. They want to offload it above this
1505	02:10:21 --> 02:10:25	high. They want to offload it above this high, above this high, above this high,
1506	02:10:25 --> 02:10:30	and then finally, hit it there. And then, what does it do at 355 during the
1507	02:10:30 --> 02:10:36	350 to four o'clock macro? That's the settlement macro. Market unclosed
1508	02:10:36 --> 02:10:42	settlement macro. It spools. And what's it spool for? Opposing liquidity. What
1509	02:10:42 --> 02:10:48	did it just do up here? It took all the buy stocks and then break down the sell
1510	02:10:48 --> 02:10:53	side that's scripted. It has absolutely nothing. It has all to do with buying
1511	02:10:53 --> 02:10:56	and selling pressure. And the sooner you start looking at price like this, and
1512	02:10:56 --> 02:11:00	you strip it down to when are these moves occurring, that's the main thing
1513	02:11:00 --> 02:11:04	you should be focusing on the time these things form. Don't listen to these broke
1514	02:11:04 --> 02:11:08	fucks that don't know what the fuck they're talking about. They have no idea
1515	02:11:08 --> 02:11:10	what they're talking about. I promise you, they don't know what they're
1516	02:11:10 --> 02:11:13	talking about. They like to talk and below the eight like they do, but they
1517	02:11:13 --> 02:11:19	have absolutely no idea what the hell's going on. I was in there buying and
1518	02:11:19 --> 02:11:22	selling all fucking day long, up down, up down, up down, all over the place,
1519	02:11:22 --> 02:11:30	smashing it, and that's still nothing, that's nothing, that's nothing, that's
1520	02:11:30 --> 02:11:34	literally nothing. And when you understand this, you can do exactly what
1521	02:11:34 --> 02:11:38	I did today. You can do what I did today. Every single one of you, they're
1522	02:11:38 --> 02:11:43	learning how to do this. What I did today. It's in your hands, and it's
1523	02:11:44 --> 02:11:48	something that I believe every student of mine can do that, but you have to
1524	02:11:48 --> 02:11:52	spend time learning how to do the things I'm teaching. You won't do it in your
1525	02:11:52 --> 02:11:57	first year. You won't do it in your first five years, but eventually you'll
1526	02:11:57 --> 02:12:00	get good enough that you can go in there and buy and sell on the same day and
1527	02:12:00 --> 02:12:05	trade without a bias. You don't need a bias. But because I'm an educator, I
1528	02:12:05 --> 02:12:09	teach people to focus on certain things, because the bias is obvious, so it's
1529	02:12:09 --> 02:12:12	easier to find a buy, just like it was easy for me to make money when I first
1530	02:12:12 --> 02:12:17	started trading, it was me buying in a bullish market. Well, shit anytime it
1531	02:12:17 --> 02:12:20	was oversold, and I was buying it because the stochastics crossover, it
1532	02:12:20 --> 02:12:24	was going up, and that's not skill, but that's what you see still today on
1533	02:12:24 --> 02:12:26	social media. When they do something, right? They have no idea why it
1534	02:12:26 --> 02:12:29	happened, but they want to say it's skill. And they go online, they brag
1535	02:12:29 --> 02:12:35	about it. I'm showing you something that is in totally different it's technical
1536	02:12:35 --> 02:12:39	science, and it does you don't like it if you if you're selling something, if
1537	02:12:39 --> 02:12:43	you're trying to get attention, it's not using this information here or don't
1538	02:12:43 --> 02:12:47	want to be dubbed as, oh, I'm an ICT guy. You want to be a cult member.
1539	02:12:50 --> 02:12:55	That's good. That's that's you baby. You do you. But it ain't changing what I
1540	02:12:55 --> 02:12:59	know. It ain't changing what my students can do. Nothing's going to get as good
1541	02:12:59 --> 02:13:03	as our stuff. It ain't gonna it ain't gonna be it's no one's gonna be able to
1542	02:13:03 --> 02:13:08	step to this. No one. I've been begging for it for years, and still, Man, you
1543	02:13:09 --> 02:13:12	ain't never gonna see somebody out there explain this. And Al Brooks is keeps
1544	02:13:12 --> 02:13:23	being brought up. And I simply cannot stress it enough, I don't use his stuff.
1545	02:13:24 --> 02:13:30	Okay? Tom who guard, who I like, his mentor was this guy, Al Brooks. And I
1546	02:13:30 --> 02:13:34	asked them point blank. I said, Listen, I had a guy say, you know, I'm teaching
1547	02:13:34 --> 02:13:37	al Brooks stuff. He goes, No, Michael, I've seen what you're doing. And that's
1548	02:13:37 --> 02:13:40	not, that's not, nowhere near the same. I'm not saying go harass Tom hoogard,
1549	02:13:40 --> 02:13:44	but I'm just telling you that's that's a guy that that was his mentor, right? So
1550	02:13:44 --> 02:13:49	I, I take it on good authority that if he's telling me that I don't need to go
1551	02:13:49 --> 02:13:53	and start watching his stuff, because I don't have the time to be watching other
1552	02:13:53 --> 02:13:56	people's bullshit. Nothing against the man. I'm sure he's a, probably a nice
1553	02:13:56 --> 02:14:00	guy, but I'm certain that there's nothing what I'm doing, you're not going
1554	02:14:00 --> 02:14:03	to find it somewhere else. You're not going to do that. You might have
1555	02:14:03 --> 02:14:06	similarities. Oh, it looks like this. It looks like that. It's not the same
1556	02:14:06 --> 02:14:13	thing. Man, it's not I'm doing shit on time. I'm doing things on very specific
1557	02:14:13 --> 02:14:17	elements. And there's also a lot of things that I've done in the past that
1558	02:14:17 --> 02:14:20	have absolutely no bearing on anything I've taught because I can't teach that
1559	02:14:20 --> 02:14:26	to you. That's enigma. That's the stuff that where it's just too good to be
1560	02:14:26 --> 02:14:30	taught, and that's what you think it is when I'm doing really good trades like
1561	02:14:30 --> 02:14:34	today. You think that was enigma. I facetiously ridden my private mentorship
1562	02:14:34 --> 02:14:39	students last night, so I think I would turn the Enigma loose today. That was
1563	02:14:39 --> 02:14:43	not enigma. That was just discretionary trading, buying and selling without a
1564	02:14:43 --> 02:14:47	bias, and that's something that you can do using the information I teach on this
1565	02:14:47 --> 02:14:49	channel. You absolutely can do it. But here's the thing,
1566	02:14:51 --> 02:14:56	you have to go through the process of watching what you think is ugly,
1567	02:14:57 --> 02:15:03	baseless, aimless, choppy price. Action. That's how you get good. Because if you
1568	02:15:03 --> 02:15:07	can recognize it when it's doing that, don't call it Oh, the job is real. Don't
1569	02:15:07 --> 02:15:10	say Oh. It's just, it's just chopping around. It's just, it's just hurting
1570	02:15:10 --> 02:15:15	people. It's, it's marking time. That's all it's doing. It's building sentiment.
1571	02:15:15 --> 02:15:20	That's exactly what the algorithm is doing. That's all it is doing, meaning
1572	02:15:20 --> 02:15:24	it's just staying in a predetermined range, this high and that low. It'll
1573	02:15:24 --> 02:15:27	just bang around around, this inefficiency that's shaded in the blue
1574	02:15:27 --> 02:15:31	lines. It'll hang around there, but it's not going to go on a straight line
1575	02:15:31 --> 02:15:35	sideways. It's still going to go to very minor buy side and sell side. So what
1576	02:15:35 --> 02:15:41	you're doing is you're waiting for the time of day 250, to 310, when it will do
1577	02:15:41 --> 02:15:47	what spool into liquidity. Which side did it take? First, sell side. So you
1578	02:15:47 --> 02:15:51	flip it and say, Okay, now it's going to go for buy side. How fucking hard is
1579	02:15:51 --> 02:15:55	that? Is that complicated? You're telling me that that's a complication,
1580	02:15:55 --> 02:15:58	because if you think that's complicated, trading is not for you, man, because
1581	02:15:58 --> 02:16:03	that's easy shit. That's really easy. It's taking buy side, it's then it's
1582	02:16:03 --> 02:16:06	taken sell side, or it's taken sell side, and they're taking buy side.
1583	02:16:07 --> 02:16:11	That's not some Joker's model. That's just simply looking for the first side
1584	02:16:11 --> 02:16:15	of the market taken, then the other side is going to be aggressively moved on,
1585	02:16:16 --> 02:16:21	meaning that the sell side was taken first the time of day when the market
1586	02:16:21 --> 02:16:25	should start running around. Okay, well, 250 to three o'clock, do we start seeing
1587	02:16:25 --> 02:16:31	the market reach for the buy side? Then, yep, during the 315 to 345 we're
1588	02:16:31 --> 02:16:38	creating buy side here. The market drops down, disrupts this area here. What is
1589	02:16:38 --> 02:16:43	that opposing? Because it took the buy side here, right there, on that rung. So
1590	02:16:43 --> 02:16:48	this high is taken there, and then it drops down, taking that short turn,
1591	02:16:48 --> 02:16:52	little low at then it rallies up, and in one good time, deeper. Why? Because this
1592	02:16:52 --> 02:16:56	was a little too shallow, and it was this old inefficiencies high that blue
1593	02:16:56 --> 02:17:00	line. So it's going to dig a little bit deeper. Did it touch the consequent
1594	02:17:00 --> 02:17:08	encroachment level? No, no. So what did I teach you if it doesn't touch my PD
1595	02:17:08 --> 02:17:13	arrays, if it doesn't hit them, if it fails to trade them, is that giving you
1596	02:17:13 --> 02:17:17	any information you're fucking right? It does. It doesn't go down and touch it.
1597	02:17:17 --> 02:17:21	So that means it's really bullish. It's not bearish. It's going to go where
1598	02:17:21 --> 02:17:25	another level of buy side. That's why I'm telling you this high, this high.
1599	02:17:25 --> 02:17:28	And if I could have got a little blow off and a little pissed off, I'll be
1600	02:17:28 --> 02:17:32	honest with you, I really wanted to see this little candlestick and just touch
1601	02:17:32 --> 02:17:35	the low of it. If it was just a little bit I've been wonderful because I knew
1602	02:17:35 --> 02:17:38	it was going to run back down here and take this out at the end, and I knew
1603	02:17:38 --> 02:17:42	that it's a struggling point for some of you. Nobody knows what the price.
1604	02:17:42 --> 02:17:45	Michael fucking Huddleston knows exactly what the fucking price is going to do. I
1605	02:17:45 --> 02:17:49	know exactly what it's going to do. Okay? In case you haven't noticed it,
1606	02:17:49 --> 02:17:53	okay, I went out there a few months ago and I trolled these motherfuckers. Okay?
1607	02:17:53 --> 02:17:56	And I went out there and just click the button. So try to do this. I'm gonna try
1608	02:17:56 --> 02:18:02	to do. And you fucking clowns believe it. You're literally going around in my
1609	02:18:02 --> 02:18:05	comment section and other people. Oh, he went out there. He tried to fail
1610	02:18:05 --> 02:18:09	miserably, dude. Are you fucking serious? Look at the fuck I'm doing out
1611	02:18:09 --> 02:18:13	here. I'm calling every individual candlestick, and then I'm executing on
1612	02:18:13 --> 02:18:17	and showing you exactly what the fuck is going on. Come on, cook my ass. Get the
1613	02:18:17 --> 02:18:25	fuck out of here, bro. So if you start looking at price around times that I'm
1614	02:18:25 --> 02:18:33	teaching you, every single hour, every single hour, there's a 20 minute macro.
1615	02:18:34 --> 02:18:39	Now, certain hours of the day are not going to be all that energetic. They're
1616	02:18:39 --> 02:18:43	not designed to be energetic, but they're going to be checks and balances
1617	02:18:43 --> 02:18:51	that disrupt or entice a little bit of sentiment or purpose for bringing in the
1618	02:18:51 --> 02:18:58	liquidity that's all. Do you think that the 1050 to 11:10pm, Eastern Standard
1619	02:18:58 --> 02:19:04	times macro is going to be as impactful than the 750, to 8:10pm, Eastern Time
1620	02:19:05 --> 02:19:09	macro, that's Asian session stuff. Okay, I'm telling you about the weakest time
1621	02:19:09 --> 02:19:13	of the day, the shittiest time of day. I'm not interested in that, but for the
1622	02:19:13 --> 02:19:19	folks, they're just working class hero guys like I was when I came up. You work
1623	02:19:19 --> 02:19:21	all day long, you come home, you hurry up and get something to eat after you
1624	02:19:21 --> 02:19:24	get a shower, and you're like, Okay, I want to see what the markets are doing.
1625	02:19:24 --> 02:19:28	You want to trade Forex, or you want to trade the indices when they open back up
1626	02:19:28 --> 02:19:32	at six o'clock. Don't open up the charts at six o'clock and try to trade right
1627	02:19:32 --> 02:19:36	away. Don't do that around seven o'clock, see if it wants to overlap over
1628	02:19:36 --> 02:19:41	top that New Day opening gap. But when we get into eight o'clock. That means
1629	02:19:41 --> 02:19:47	750 to 810, that's a nice little area to anticipate. That eight o'clock macro,
1630	02:19:47 --> 02:19:54	it's 750 to 810, then you have it again at 850, to 910, those two macros are
1631	02:19:54 --> 02:19:58	really nice, and you can take a little bit of a small little piece out of the
1632	02:19:58 --> 02:20:01	marketplace, in every market, whether. It be a Forex payer. If you're going to
1633	02:20:01 --> 02:20:05	trade Forex, you want to trade these very specific and in fact, if you're
1634	02:20:05 --> 02:20:08	going to be doing Forex, this is different. This is something very
1635	02:20:08 --> 02:20:15	specific for forex, the 650, to 7:10pm, Eastern Time, that macro for the Aussie
1636	02:20:15 --> 02:20:20	dollar, the New Zealand dollar, and the yen and the Swiss franc, they tend to do
1637	02:20:20 --> 02:20:27	very well during the Asian session. So if you look at like 650, to 710, there's
1638	02:20:27 --> 02:20:31	usually a little bit of a small micro move that you can do there. You get
1639	02:20:31 --> 02:20:35	1015, pips at the market doing that easy, sometimes 20. But when you get
1640	02:20:35 --> 02:20:42	into like the 750, to 810, indices and forex pairs can give you like 2025
1641	02:20:42 --> 02:20:48	handle runs in that time in that macro, same thing happens in the 850, to 910,
1642	02:20:49 --> 02:20:54	both forex and index futures, that one can deliver anywhere between 15 to 25
1643	02:20:54 --> 02:20:59	handles. Now it's not the same thing for pips. Pips or you're not going to get
1644	02:20:59 --> 02:21:06	that big of a run in the pairs on forex, you might get like 10 or 15 pips. But 10
1645	02:21:06 --> 02:21:09	or 15 pips, you know, if you, if you're going in there surgically and constantly
1646	02:21:09 --> 02:21:14	getting them all day long, you can run up 253, 50 pips a day trading these
1647	02:21:14 --> 02:21:19	things, and one contract basis, that's the grows your account. So every single
1648	02:21:19 --> 02:21:24	hour there is a macro, but the 11 o'clock one isn't going to perform the
1649	02:21:24 --> 02:21:31	same way. But the 1150, to 1210, macro, that's fucking dynamite. That is
1650	02:21:31 --> 02:21:35	wonderful, because what you're doing is you're getting the beginning of true
1651	02:21:35 --> 02:21:38	day. True day is midnight, New York level. What the hell am I doing? I'm
1652	02:21:38 --> 02:21:41	teaching too much shit here in one day. Have yourself a good weekend, and I'll
1653	02:21:41 --> 02:21:50	catch up with you next week. No, yes, this sounds like a motherfucker that
1654	02:21:50 --> 02:21:55	loves what he's doing. Suck my ass little bitch on T uh, what's it? What is
1655	02:21:55 --> 02:21:59	it? The Twitter? What's it? What's his name? Stoic, I said your name now you're
1656	02:21:59 --> 02:22:01	fucking famous the fuck out of you with your bullshit. I.

ICT YT - 2024-09-13 - ICT 2024 Mentorship - Lecture 27

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