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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.