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Last modified by Drunk Monkey on 2024-09-25 09:32
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2 |1 |00:02:40 ~-~-> 00:02:44 |ICT: Well, good afternoon, Folks, I'm having some issues with the audio. So if
3 |2 |00:02:44 ~-~-> 00:02:51 |it's low, because it appears to be not giving me a high enough volume, is what
4 |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
5 |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
6 |5 |00:03:04 ~-~-> 00:03:10 |busy. But if you look at what we have here going into the last hour of
7 |6 |00:03:10 ~-~-> 00:03:21 |trading, we have had a lot of this messy little attempt to get higher in here.
8 |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
9 |8 |00:03:28 ~-~-> 00:03:35 |of a attempt to work out of this Python balance outside of efficiency. It is
10 |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
11 |10 |00:03:44 ~-~-> 00:03:50 |could mount a break lower out of this area in here. You look over here in the
12 |11 |00:03:50 ~-~-> 00:03:57 |new day, opening gap for today. These lows down here. I like them. I like
13 |12 |00:03:57 ~-~-> 00:04:02 |that, right there. Do we get down here today before close. I don't know it's
14 |13 |00:04:02 ~-~-> 00:04:08 |it's been rather aggressive in its attempt to keep driving higher. And
15 |14 |00:04:11 ~-~-> 00:04:15 |anyone trying to go short today, unless you know exactly what you're doing, it's
16 |15 |00:04:15 ~-~-> 00:04:18 |probably been a little difficult for you. I
17 |16 |00:04:24 ~-~-> 00:04:34 |Now, if they really want to take it to the extreme, we have relative equal
18 |17 |00:04:34 ~-~-> 00:04:41 |highs up here. Oh, he's playing both sides. Yeah, I want to see how we close
19 |18 |00:04:41 ~-~-> 00:04:49 |the macro at 1050, to 10. I'm sorry. 222, 50. Rather sorry, 10 minutes to
20 |19 |00:04:49 ~-~-> 00:04:57 |three to three minutes 10 minutes before and 10 minutes after three o'clock. So
21 |20 |00:04:57 ~-~-> 00:05:05 |the 10/5 of 253, 10 macro. Uh, tongue twisted here today I have landscapers
22 |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
23 |22 |00:05:09 ~-~-> 00:05:13 |around the house, so there's no real escaping it, so probably gonna hear them
24 |23 |00:05:13 ~-~-> 00:05:16 |in the background, hopefully not, but there's nothing I do about it.
25 |24 |00:05:22 ~-~-> 00:05:38 |Take a quick look at ES and see it's rather ugly, admittedly, actually, it's
26 |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
27 |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
28 |27 |00:06:04 ~-~-> 00:06:08 |pretty much flat, okay, so it's kind of similar to what the Dow has has posted.
29 |28 |00:06:11 ~-~-> 00:06:16 |If we have any rally above this short term high, it would need to do it inside
30 |29 |00:06:16 ~-~-> 00:06:23 |of the macro. So, in other words, 250, to 310, if it takes this high out here,
31 |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,
32 |31 |00:06:29 ~-~-> 00:06:35 |to me, would be amazing, because it's been pretty much hugely manipulated this
33 |32 |00:06:35 ~-~-> 00:06:39 |week, like it's absolutely ridiculous how it's been one sided, and that is
34 |33 |00:06:39 ~-~-> 00:06:42 |keep driving higher and higher and higher. And that's how you know it's the
35 |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
36 |35 |00:06:53 ~-~-> 00:06:57 |continuation to go into maybe this low. And it doesn't need to go all the way
37 |36 |00:06:57 ~-~-> 00:07:03 |down to that new day opening gap for today, the 13th day opening gap. But it
38 |37 |00:07:03 ~-~-> 00:07:09 |could make an attempt to try to gravitate towards that as we go into
39 |38 |00:07:09 ~-~-> 00:07:16 |settlement today, it's real important that you see what's in this market
40 |39 |00:07:16 ~-~-> 00:07:22 |structure. We have very conflicting things. So whatever I outline here today
41 |40 |00:07:22 ~-~-> 00:07:27 |will be very, very short term. I don't have very strong convictions on either
42 |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
43 |42 |00:07:34 ~-~-> 00:07:35 |tip its hand to me. I
44 |43 |00:07:50 ~-~-> 00:07:55 |normally on a Friday, when we had a large range of clothes, weekly
45 |44 |00:07:55 ~-~-> 00:08:05 |candlestick forming. I like to see a 20 to 30% retracement. Now that's asking a
46 |45 |00:08:05 ~-~-> 00:08:08 |lot for this particular week, because it's been an enormous range for the
47 |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%
48 |47 |00:08:15 ~-~-> 00:08:20 |retracement if it were to retrace it all. And nothing really says that it has
49 |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
50 |49 |00:08:23 ~-~-> 00:08:32 |that's problematic. And I was watching this as 245 King, this low and this
51 |50 |00:08:32 ~-~-> 00:08:36 |high, we could stay inside that range, going into the close of today, and
52 |51 |00:08:36 ~-~-> 00:08:44 |really do nothing. It's just marked time going sideways if they do that, then
53 |52 |00:08:44 ~-~-> 00:08:54 |that means I would really like to see a gap opening higher on Sunday, and then
54 |53 |00:08:54 ~-~-> 00:09:00 |come down, work into that gap as a closure and then slowly bleed into
55 |54 |00:09:00 ~-~-> 00:09:10 |higher prices. I really still, I have almost a romance with the 19 695, up,
56 |55 |00:09:11 ~-~-> 00:09:18 |and I believe that it's too smooth. Okay, so it's too smooth. And while I
57 |56 |00:09:18 ~-~-> 00:09:23 |was very hopeful that it was going to be like traded to either today or
58 |57 |00:09:23 ~-~-> 00:09:28 |overnight. Last night, it didn't do that. I mean, it's obviously gained some
59 |58 |00:09:28 ~-~-> 00:09:32 |ground moving towards it, but it hasn't, hasn't done everything like I wanted to
60 |59 |00:09:32 ~-~-> 00:09:33 |see it do. I
61 |60 |00:09:40 ~-~-> 00:09:49 |I see how we're just working inside that old class and valence cell sign in
62 |61 |00:09:49 ~-~-> 00:09:49 |efficiency.
63 |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
64 |63 |00:10:03 ~-~-> 00:10:08 |trader being trapped. But price is kind of like stuck in between two different
65 |64 |00:10:08 ~-~-> 00:10:13 |types of scenarios, where, technically, if we were just looking at this part of
66 |65 |00:10:13 ~-~-> 00:10:17 |the moon, like right here, from this low to that high, to where we are right now,
67 |66 |00:10:18 ~-~-> 00:10:24 |I would favor that as a short but because we have had this stop hunt over
68 |67 |00:10:24 ~-~-> 00:10:30 |here, with this drop down, all of this movement here, and then coming down to
69 |68 |00:10:30 ~-~-> 00:10:35 |this area here, to me, it's conflicted, because it could be used as sweep these
70 |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
71 |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,
72 |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
73 |72 |00:10:54 ~-~-> 00:10:58 |an attempt to try to get down below that short term low in here. So these are
74 |73 |00:10:58 ~-~-> 00:10:59 |relative equal lows. I'm
75 |74 |00:11:05 ~-~-> 00:11:07 |it's one minute after three,
76 |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
77 |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.
78 |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,
79 |78 |00:11:27 ~-~-> 00:11:30 |if you can't, it is, it is what it is. It's
80 |79 |00:11:36 ~-~-> 00:11:42 |obviously seen a lot of setups today. I I shared a lot of activity on Twitter,
81 |80 |00:11:43 ~-~-> 00:11:49 |twisting a knife. I was supposed to get roasted today on the on YouTube, I guess
82 |81 |00:11:49 ~-~-> 00:11:56 |that got canceled. Alright, so we had this drop here. Watch how we have this
83 |82 |00:11:56 ~-~-> 00:12:02 |candlestick right here, that right there. If that stays open and we break
84 |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
85 |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
86 |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
87 |86 |00:12:21 ~-~-> 00:12:25 |opening gaps. So it's not just something that would be applicable to just the end
88 |87 |00:12:25 ~-~-> 00:12:32 |dog the gap opening on Sunday. You can use the same type of measurement as
89 |88 |00:12:32 ~-~-> 00:12:43 |well. So we have a inefficiency here down to an inefficiency this area right
90 |89 |00:12:43 ~-~-> 00:12:52 |in here that's consequent encroachment. But if you use the quadrants like this,
91 |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
92 |91 |00:13:09 ~-~-> 00:13:13 |see is, does the market have the ability to draw down into that? Because there's
93 |92 |00:13:13 ~-~-> 00:13:21 |two inefficiencies here, this one and this one. So the optimal level,
94 |93 |00:13:21 ~-~-> 00:13:24 |obviously, would be to see it trade down to its midpoint here, consequence
95 |94 |00:13:24 ~-~-> 00:13:28 |encouragement, that is the event horizon. But setups can form for either
96 |95 |00:13:28 ~-~-> 00:13:33 |continuation into existing trades or targets, like low hanging fruit
97 |96 |00:13:33 ~-~-> 00:13:39 |objectives. That type of thing could be used for the upper quadrant and lower
98 |97 |00:13:39 ~-~-> 00:13:43 |quadrant. But specifically it's this level. And when I do is I watch, and
99 |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
100 |99 |00:13:47 ~-~-> 00:13:52 |executing and managing trades. My eyes actually jumping to these things,
101 |100 |00:13:53 ~-~-> 00:13:56 |because I can see where they're at approximately. And I'll give you an
102 |101 |00:13:56 ~-~-> 00:14:00 |idea, like this is where it's at here measuring it obviously. But if you take
103 |102 |00:14:00 ~-~-> 00:14:05 |it away, you should be able to determine from the low of this bison and Bell
104 |103 |00:14:05 ~-~-> 00:14:10 |cells inefficiency to the high of this inefficiency, roughly, it's about that,
105 |104 |00:14:10 ~-~-> 00:14:14 |that price point right here, that's about halfway. So what I do is I'm
106 |105 |00:14:14 ~-~-> 00:14:21 |looking for price to try to gravitate to that level. If I wanted to go down there
107 |106 |00:14:21 ~-~-> 00:14:25 |everything that would be a premium array. If price were to start dropping
108 |107 |00:14:25 ~-~-> 00:14:31 |down, I would look for up close candles to keep price from going above it. And I
109 |108 |00:14:31 ~-~-> 00:14:35 |would look for any fair value gap that would form. I would like to see the
110 |109 |00:14:35 ~-~-> 00:14:39 |upper half of it stay open. So all of those things would be signatures to,
111 |110 |00:14:39 ~-~-> 00:14:43 |kind of like support the idea that it would be reaching down into event
112 |111 |00:14:43 ~-~-> 00:14:52 |horizon. So if we didn't have all of the backdrop of this over here, because this
113 |112 |00:14:52 ~-~-> 00:14:57 |could still just do what I was mentioning earlier, just taking out the
114 |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
115 |114 |00:15:02 ~-~-> 00:15:06 |move and show real displacement. So I want to see it at least give the
116 |115 |00:15:06 ~-~-> 00:15:09 |indication that it wants to move aggressively, and it hasn't done that.
117 |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
118 |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
119 |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
120 |119 |00:15:37 ~-~-> 00:15:49 |a short list of directives like a script, okay? And imagine a high
121 |120 |00:15:49 ~-~-> 00:15:55 |priority function of going through a quick series of calculations and then
122 |121 |00:15:55 ~-~-> 00:15:59 |repricing. So that's kind of like what it's doing. It doesn't mean it starts
123 |122 |00:15:59 ~-~-> 00:16:07 |right away at 315 doesn't mean it ends abruptly at 345 This means between 315
124 |123 |00:16:08 ~-~-> 00:16:12 |and 345 there usually is a spooling. There's a there's a run for
125 |124 |00:16:12 ~-~-> 00:16:17 |inefficiency, or it's a run for liquidity, above old highs or a singular
126 |125 |00:16:17 ~-~-> 00:16:22 |high. It would run for the buy side, for sell side, it would run below a singular
127 |126 |00:16:22 ~-~-> 00:16:27 |low for relative equal lows. For inefficiencies, it would be something
128 |127 |00:16:27 ~-~-> 00:16:33 |like I just outlined down here, where the event horizon loss above us. We have
129 |128 |00:16:34 ~-~-> 00:16:41 |this high right here. So that's a minor buy side. We've already disrupted the
130 |129 |00:16:41 ~-~-> 00:16:47 |minor cell side. And admittedly, I would have rather seen it when it did this.
131 |130 |00:16:47 ~-~-> 00:16:50 |I'd like to see it aggressively, at least take out these short term highs,
132 |131 |00:16:50 ~-~-> 00:16:54 |come back down and use the old bison and balance cell sign efficiency over here,
133 |132 |00:16:55 ~-~-> 00:17:01 |high, that's this level here, then to run to this high. But it hasn't done
134 |133 |00:17:01 ~-~-> 00:17:08 |that yet. So to me, it's a little lethargic. So if we close the 253 10
135 |134 |00:17:08 ~-~-> 00:17:14 |macro, and we don't see anything materialized between 315 and 345 that
136 |135 |00:17:14 ~-~-> 00:17:19 |means the only thing we're probably likely to see is that last few minutes
137 |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
138 |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
139 |138 |00:17:26 ~-~-> 00:17:29 |don't like that. I know a lot of people get all excited about it because, like,
140 |139 |00:17:29 ~-~-> 00:17:33 |it's a little flurry of activity. It's usually the guys that are trading, like,
141 |140 |00:17:33 ~-~-> 00:17:37 |you know, 50 accounts on fund accounts, and they're trying to get their little,
142 |141 |00:17:37 ~-~-> 00:17:42 |little, little moves or whatever. It's too, too much like gambling, in my
143 |142 |00:17:42 ~-~-> 00:17:48 |opinion, for that. But it's still fun to watch. I
144 |143 |00:18:00 ~-~-> 00:18:07 |I was supposed to get cooked today. That's funny.
145 |144 |00:18:19 ~-~-> 00:18:25 |I like this candlestick here, and what I like about it is, if you look at what
146 |145 |00:18:25 ~-~-> 00:18:30 |we've done between the low of this five cent amount of sales on efficiency and
147 |146 |00:18:30 ~-~-> 00:18:39 |that high, see how we hit the consequent correction of that now it It demands, it
148 |147 |00:18:39 ~-~-> 00:18:43 |demands that price moves out of this to the downside. Otherwise it goes above
149 |148 |00:18:43 ~-~-> 00:18:47 |this candle here. That means that we're going to run for the short term buy side
150 |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
151 |150 |00:18:56 ~-~-> 00:19:03 |that. So instead of saying, well, it could do this consolidation. Now it
152 |151 |00:19:03 ~-~-> 00:19:06 |gives me a candlestick where it tells me, okay, now because of time. Why?
153 |152 |00:19:06 ~-~-> 00:19:13 |Because look at the time here, 309, so I would demand this candlestick, because
154 |153 |00:19:13 ~-~-> 00:19:16 |it did this very thing here. It needs to break lower, because if it doesn't, and
155 |154 |00:19:16 ~-~-> 00:19:19 |it trades back above the time, which it just did there, that turns my attention
156 |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
157 |156 |00:19:25 ~-~-> 00:19:32 |should move, and then you wait for price to confirm it, and then it's done
158 |157 |00:19:32 ~-~-> 00:19:37 |nothing. Here. It's sitting, which is again going back to two scenarios are in
159 |158 |00:19:37 ~-~-> 00:19:42 |play, and you're looking at the last hour of trading, who's coming in right
160 |159 |00:19:42 ~-~-> 00:19:46 |now, who's coming in and thinking, you know, I feel like putting a big bet on
161 |160 |00:19:46 ~-~-> 00:19:51 |going into the weekend. No, now you would think, okay, you would think, if
162 |161 |00:19:51 ~-~-> 00:19:57 |it was buying and selling pressure belongs. Have been extremely bullish all
163 |162 |00:19:57 ~-~-> 00:20:00 |week, right? So they're in the one, they're the ones that are in profit. It.
164 |163 |00:20:00 ~-~-> 00:20:04 |They're the ones that are heavy pockets right now. They have the most money.
165 |164 |00:20:04 ~-~-> 00:20:10 |They made the most money this week. So wouldn't it be reasonable for it to drop
166 |165 |00:20:10 ~-~-> 00:20:16 |lower? Because they would be doing what, selling their long positions, and that
167 |166 |00:20:16 ~-~-> 00:20:20 |would create, what if it was buying and selling pressure, it would be selling
168 |167 |00:20:20 ~-~-> 00:20:25 |pressure and a lack of buying pressure, that's, we're going to use those terms.
169 |168 |00:20:25 ~-~-> 00:20:29 |I'm making an argument. I'm not saying I believe that, but it would be reasonable
170 |169 |00:20:29 ~-~-> 00:20:35 |to expect that on a on a Friday like today, because we had such a huge range
171 |170 |00:20:35 ~-~-> 00:20:41 |for the week that's been higher. So the question is, is, you know, what's,
172 |171 |00:20:41 ~-~-> 00:20:48 |what's holding it up, what's what's stalling the like, what would traders
173 |172 |00:20:48 ~-~-> 00:20:54 |that are already long, what would they be sitting here waiting for in this last
174 |173 |00:20:54 ~-~-> 00:20:57 |final hour? Like, what would they be waiting for? You know, would you be
175 |174 |00:20:57 ~-~-> 00:21:01 |comfortable holding the entire week's profit if you bought real early in the
176 |175 |00:21:01 ~-~-> 00:21:04 |week, and now here you are, we're getting ready, going to the weekend.
177 |176 |00:21:05 ~-~-> 00:21:09 |Would you be more inclined to hold into all this and think, Well, you know, it
178 |177 |00:21:09 ~-~-> 00:21:14 |could still rally, and if it was buying and selling pressure, and people are
179 |178 |00:21:14 ~-~-> 00:21:19 |likely to take profit and that makes the product go lower, if that's what you
180 |179 |00:21:19 ~-~-> 00:21:25 |argue and make the case work, my question is, is, what would it take to
181 |180 |00:21:25 ~-~-> 00:21:29 |inspire everyone to start unwinding their long positions? Like earlier in
182 |181 |00:21:29 ~-~-> 00:21:33 |the afternoon, I watched this drop down here on one candlestick do like seven
183 |182 |00:21:33 ~-~-> 00:21:39 |handles in one minute, which was, was fun to watch that, but then came all the
184 |183 |00:21:39 ~-~-> 00:21:48 |way back up in here, and it's just drifted lower. So admittedly, there's
185 |184 |00:21:48 ~-~-> 00:21:54 |few times where I'm stuck against the wall saying I don't know how to work
186 |185 |00:21:54 ~-~-> 00:21:58 |with this one right here, right now, but I'm willing to see here, and in the
187 |186 |00:21:58 ~-~-> 00:22:00 |event that does give me something to work with.
188 |187 |00:22:07 ~-~-> 00:22:12 |And I think, honestly, anyone's school of thought right here, it'd be a little
189 |188 |00:22:12 ~-~-> 00:22:19 |bit of a bet, a wager, not so much technical, for anyone to say with
190 |189 |00:22:19 ~-~-> 00:22:22 |conviction. Yeah, I believe is going to do this. You might say something that
191 |190 |00:22:22 ~-~-> 00:22:27 |you might want to see, like I would love personally. If I could be honest and
192 |191 |00:22:27 ~-~-> 00:22:31 |tell you what I would really want to see is I want to see it trade aggressively
193 |192 |00:22:31 ~-~-> 00:22:41 |above these highs and drive into that 19,600 level. I'd like to see that
194 |193 |00:22:41 ~-~-> 00:22:44 |personally. That's what I would love to see that because that would even if we
195 |194 |00:22:44 ~-~-> 00:22:48 |don't close up there, it just means that we're probably most likely going to
196 |195 |00:22:48 ~-~-> 00:22:55 |march into that 19,006 95 level eventually, sometime next week. What I
197 |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,
198 |197 |00:23:01 ~-~-> 00:23:06 |like a TGIF, because I think, personally, I don't believe that that
199 |198 |00:23:06 ~-~-> 00:23:11 |would be constructive for this type of week, because it's been so one sided and
200 |199 |00:23:11 ~-~-> 00:23:20 |so parabolic, like, it's been violent, like, almost brutal, that it's not
201 |200 |00:23:20 ~-~-> 00:23:26 |trying to go lower. So what is it reaching for? I mean, what would be the
202 |201 |00:23:26 ~-~-> 00:23:32 |reasonable draw for something that's been drawn so aggressively higher, those
203 |202 |00:23:32 ~-~-> 00:23:33 |smooth highs on the hourly chart,
204 |203 |00:23:41 ~-~-> 00:23:49 |all these highs over here, like that. That's just too come on. Now, I don't
205 |204 |00:23:49 ~-~-> 00:23:52 |care where, what school of thought you have. I mean, I don't care how you trade
206 |205 |00:23:52 ~-~-> 00:23:55 |or whatnot. That's just that stuff doesn't stay in the charts like it just
207 |206 |00:23:55 ~-~-> 00:24:00 |doesn't do that. Doesn't stay like that. It gets disrupted. And, you know, is it
208 |207 |00:24:01 ~-~-> 00:24:04 |a stretch for it to be expected to happen today? I believe so. But, you
209 |208 |00:24:04 ~-~-> 00:24:13 |know, Stranger things have happened, right? But we do have this inefficiency
210 |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
211 |210 |00:24:20 ~-~-> 00:24:27 |off. Sign efficiency. It's marked in blue over here. If we can get above
212 |211 |00:24:27 ~-~-> 00:24:33 |these highs and then trade down to the top of that, it can wick down into the
213 |212 |00:24:33 ~-~-> 00:24:37 |upper quadrant, once it does that, and then aggressively, it has to do
214 |213 |00:24:37 ~-~-> 00:24:42 |aggressively run to take out this short term high my attention would go right
215 |214 |00:24:42 ~-~-> 00:24:45 |there. And that doesn't mean that we have to trade above and make a higher
216 |215 |00:24:45 ~-~-> 00:24:49 |high it just means that I would like to see that traded too. If that were to
217 |216 |00:24:49 ~-~-> 00:24:50 |unfold, i.
218 |217 |00:25:08 ~-~-> 00:25:12 |So here was short term sell side, or minor by, I'm sorry, minor cell side,
219 |218 |00:25:12 ~-~-> 00:25:19 |and we have a minor buy side, liquid pool here, not there, there.
220 |219 |00:25:22 ~-~-> 00:25:29 |I'm now
221 |220 |00:25:30 ~-~-> 00:25:34 |obviously you've been watching my trade examples and watching how I move my
222 |221 |00:25:34 ~-~-> 00:25:43 |stop, how I place my stop, and when the market is loose, the contrary condition
223 |222 |00:25:43 ~-~-> 00:25:49 |of a market being loose and liquid, very fluid. It's not this. This is this is
224 |223 |00:25:49 ~-~-> 00:25:53 |stagnant. It doesn't mean that it's not worthwhile studying. It just means that
225 |224 |00:25:54 ~-~-> 00:25:58 |it has to do something. Okay, if you go back here earlier on. So mentioned
226 |225 |00:25:59 ~-~-> 00:26:04 |because we took out that short term high above constant encouragement there that
227 |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
228 |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
229 |228 |00:26:15 ~-~-> 00:26:19 |same candlestick. I'd like to see it stay up here, like this, like up here,
230 |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
231 |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
232 |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
233 |232 |00:26:31 ~-~-> 00:26:35 |range of that buy side, available cell sign efficiency. And again, that is this
234 |233 |00:26:35 ~-~-> 00:26:42 |single candle over here. That's the buy side, available cell sign efficiency. So
235 |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
236 |235 |00:26:45 ~-~-> 00:26:50 |up here and then open and trade down. And if it did that, then I would expect
237 |236 |00:26:50 ~-~-> 00:26:56 |the very next candle to start marching up to this level here. That's reading
238 |237 |00:26:56 ~-~-> 00:27:00 |the tape. It still can do it. It just means that it's not my favorite
239 |238 |00:27:01 ~-~-> 00:27:02 |development for price.
240 |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
241 |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
242 |241 |00:27:21 ~-~-> 00:27:29 |back and forth. So I always refer this as kind of like a fuzzy price action.
243 |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
244 |243 |00:27:34 ~-~-> 00:27:37 |levels that are obvious. There's they're smooth that you can run to. There's
245 |244 |00:27:37 ~-~-> 00:27:42 |really hardly any inefficiencies at all. So if you look at you might see volume
246 |245 |00:27:42 ~-~-> 00:27:48 |imbalances, but outside of that, you're not seeing any kind of gaps, no fair
247 |246 |00:27:48 ~-~-> 00:27:54 |value gaps. So it's being held very, very tight. So this is an efficiently
248 |247 |00:27:54 ~-~-> 00:28:01 |delivered price range between this low here and this high here. So the only
249 |248 |00:28:01 ~-~-> 00:28:05 |thing we can do is use liquidity. What did it take recently? That's why I was
250 |249 |00:28:05 ~-~-> 00:28:08 |at flying over here. We could go down here and take the sell side. We've seen
251 |250 |00:28:08 ~-~-> 00:28:17 |that now reaching for the short term buy side. So we opened on this candlestick
252 |251 |00:28:17 ~-~-> 00:28:22 |here. We traded down a little bit, down into, didn't get quite down to the upper
253 |252 |00:28:22 ~-~-> 00:28:26 |quadrant, which I said it would be permissible to see that it didn't do
254 |253 |00:28:26 ~-~-> 00:28:32 |that. So because it didn't do that, is that bullish or bearish? Well, the fact
255 |254 |00:28:32 ~-~-> 00:28:35 |that we kept the bodies look at, see where the bodies are. They're on the
256 |255 |00:28:35 ~-~-> 00:28:42 |outside of this high of the buy side, and balance cell sign efficiency over
257 |256 |00:28:42 ~-~-> 00:28:51 |here. So that's constructive for a run into this area, for liquidity, if you
258 |257 |00:28:51 ~-~-> 00:28:58 |look also, I've been getting a lot of comments. Folks have been doing these
259 |258 |00:28:58 ~-~-> 00:29:03 |measurements on their candlestick wicks, and they're like, Man, I can see all
260 |259 |00:29:03 ~-~-> 00:29:07 |this stuff happening now, how the market moves from one consequence to the next
261 |260 |00:29:07 ~-~-> 00:29:11 |consequence. Or if I'm bearish, you know, and I see a wick in close
262 |261 |00:29:11 ~-~-> 00:29:17 |proximity to where I'm entering a short, or holding a short, it doesn't trade up
263 |262 |00:29:17 ~-~-> 00:29:20 |to the consequent encouragement. And then, like you said, it's usually
264 |263 |00:29:20 ~-~-> 00:29:24 |weakness, and it rolls over aggressively. Yeah, that's reading the
265 |264 |00:29:24 ~-~-> 00:29:28 |tape. That's real institutional overflow, that's getting feedback that
266 |265 |00:29:28 ~-~-> 00:29:32 |you're not going to get by watching level two data. Okay, you're not going
267 |266 |00:29:32 ~-~-> 00:29:39 |to get that type of information. So it's a visual reference where you can measure
268 |267 |00:29:39 ~-~-> 00:29:43 |the accumulation or distribution inside of the marketplace. Without having an
269 |268 |00:29:43 ~-~-> 00:29:48 |indicator, you're just simply seeing it in the delivery of price, which is
270 |269 |00:29:48 ~-~-> 00:29:51 |fascinating. Once you really know what you're doing and what you're looking
271 |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
272 |271 |00:30:00 ~-~-> 00:30:05 |know what it would be like, like predicting tomorrow's headlines, you
273 |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,
274 |273 |00:30:09 ~-~-> 00:30:13 |but I guess it'd be like predicting the winner of the the next big game, or
275 |274 |00:30:13 ~-~-> 00:30:22 |whatnot. And I'm watching this wick here, and I like the fact that we came
276 |275 |00:30:22 ~-~-> 00:30:26 |down here. I like that we only wiped here, and we don't have any bodies
277 |276 |00:30:26 ~-~-> 00:30:30 |laying on top of the consequent encroachment of this wick right here. So
278 |277 |00:30:30 ~-~-> 00:30:31 |I'll show you what that looks
279 |278 |00:30:37 ~-~-> 00:30:46 |like, quadrant level there, and the bodies are above that wick. Now it can
280 |279 |00:30:46 ~-~-> 00:30:49 |touch it, obviously, because it did it on this candle. It's done on that
281 |280 |00:30:49 ~-~-> 00:30:53 |candle. But we just don't want to see any candlestick laid down over top of it
282 |281 |00:30:53 ~-~-> 00:30:57 |like say, in for instance, that candlestick closed like that. That's not
283 |282 |00:30:57 ~-~-> 00:31:02 |actually constructive for a run to that liquidity. If it were to lay over top of
284 |283 |00:31:02 ~-~-> 00:31:06 |the consequent correction of that. So when I'm watching price deliver, and I'm
285 |284 |00:31:06 ~-~-> 00:31:10 |using wicks and such to kind of like, weigh the strength or the underlying
286 |285 |00:31:10 ~-~-> 00:31:15 |weakness of a price run, if I start seeing those things happen, then that's
287 |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
288 |287 |00:31:20 ~-~-> 00:31:25 |are not as they should be. There's something going on, there's some kind of
289 |288 |00:31:25 ~-~-> 00:31:32 |manipulation, or ultimately, the setup is failing, and it's it's running out of
290 |289 |00:31:32 ~-~-> 00:31:38 |interest and moving higher. So I read it wrong. That's what it means. So you're
291 |290 |00:31:38 ~-~-> 00:31:43 |constantly looking for feedback in every individual candlestick to get an
292 |291 |00:31:43 ~-~-> 00:31:48 |interpretation of what it may be wanting to do. And since, as I mentioned, there
293 |292 |00:31:48 ~-~-> 00:31:54 |is no inefficiencies in any of this price run just small volume and balance
294 |293 |00:31:54 ~-~-> 00:31:58 |over here, which we're not really, we're not considering any of that at this
295 |294 |00:31:58 ~-~-> 00:32:04 |time, and we had this small little gap, but that's already been utilized over
296 |295 |00:32:04 ~-~-> 00:32:08 |here with this touch. But other than that, nothing really, nothing really
297 |296 |00:32:08 ~-~-> 00:32:14 |jumps off at me as useful, which is why you have to force yourself to do what
298 |297 |00:32:14 ~-~-> 00:32:21 |use where the liquidity is. Sell sides been taken here. Buy side is here. So
299 |298 |00:32:21 ~-~-> 00:32:24 |it's reasonable to see if it wants to run up here. What would be interesting
300 |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,
301 |300 |00:32:34 ~-~-> 00:32:42 |that would be very interesting study to watch. So if you're if you're trying to
302 |301 |00:32:42 ~-~-> 00:32:46 |trade the last hour, and like I say, this is like your model. So you want to
303 |302 |00:32:46 ~-~-> 00:32:51 |be trading in the final hour, trading between three o'clock and four o'clock.
304 |303 |00:32:53 ~-~-> 00:32:58 |There are steady setups every single day that come around this time of day, but
305 |304 |00:33:00 ~-~-> 00:33:05 |you want to be trading in a market that has inefficiencies, and obviously
306 |305 |00:33:05 ~-~-> 00:33:09 |there's always gonna be short term highs and lows for liquidity. But you want to
307 |306 |00:33:09 ~-~-> 00:33:16 |be in a market environment that has both, because it gives you a plethora of
308 |307 |00:33:16 ~-~-> 00:33:21 |opportunities, and it gives you, for me personally, it gives me reference points
309 |308 |00:33:21 ~-~-> 00:33:26 |where I can trust placing my stop and know that I have a great deal of things
310 |309 |00:33:26 ~-~-> 00:33:32 |behind me that are supporting the idea that I'm holding the trade for. Whereas,
311 |310 |00:33:32 ~-~-> 00:33:34 |if you don't have a lot of inefficiencies like that here, this is a
312 |311 |00:33:34 ~-~-> 00:33:37 |very efficiently delivered back and forth. It's kind of like that paint
313 |312 |00:33:37 ~-~-> 00:33:42 |roller analogy. A lot of delivered back and forth all this. It's sloppy. It's
314 |313 |00:33:42 ~-~-> 00:33:46 |messy looking, but there's still a reason to why it's doing what it's
315 |314 |00:33:46 ~-~-> 00:33:51 |doing. But unfortunately, it just makes it a little bit more complicated for
316 |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
317 |316 |00:33:57 ~-~-> 00:34:02 |manageable. And while the contract size might. You might look at those contract
318 |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
319 |318 |00:34:07 ~-~-> 00:34:10 |look at the equity size that's being utilized when you're seeing these
320 |319 |00:34:10 ~-~-> 00:34:14 |examples being placed, becomes that buy side.
321 |320 |00:34:20 ~-~-> 00:34:22 |So once we pop through here.
322 |321 |00:34:41 ~-~-> 00:34:47 |So the only imbalance that we're really framing any tape reading around is this
323 |322 |00:34:47 ~-~-> 00:34:52 |bison imbalance, cell sign efficiency. So it's worked its way outside of it to
324 |323 |00:34:52 ~-~-> 00:34:56 |take the cell side, which is what I outlined during this live stream, and
325 |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,
326 |325 |00:35:08 ~-~-> 00:35:14 |I'm certain they're probably brand new students. They ask similar questions,
327 |326 |00:35:14 ~-~-> 00:35:18 |almost in the same vein about what I'm saying. Here is when they ask, can you
328 |327 |00:35:18 ~-~-> 00:35:24 |show me how to find the minor buy side and sell side liquidity pools. Well,
329 |328 |00:35:24 ~-~-> 00:35:30 |that's what these examples are here, okay? Because it's inside of the range
330 |329 |00:35:30 ~-~-> 00:35:37 |that's defined by this big move here. See that that big range there? So this
331 |330 |00:35:37 ~-~-> 00:35:41 |low here would be a larger pool of sell side liquidity than that of what we were
332 |331 |00:35:41 ~-~-> 00:35:47 |outlining over here, and this high here is a minor buy side, where it has buy
333 |332 |00:35:47 ~-~-> 00:35:53 |stops sitting above it. It's minor because it's part of or inside of the
334 |333 |00:35:53 ~-~-> 00:35:59 |range from this high down to the low. It's formed here, and we didn't need
335 |334 |00:35:59 ~-~-> 00:36:06 |this low to form using this low here, if price was just there and consolidating
336 |335 |00:36:06 ~-~-> 00:36:12 |in here, say, before I got talking about the liquidity. So you were watching
337 |336 |00:36:12 ~-~-> 00:36:16 |this. This would be minor buy side. This would be minor sell side. This would be
338 |337 |00:36:17 ~-~-> 00:36:24 |primary sell side, primary buy side is relative to the dealing ranges that
339 |338 |00:36:24 ~-~-> 00:36:29 |you're looking at. Why am I using those highs and lows? What makes those
340 |339 |00:36:29 ~-~-> 00:36:33 |specific highs and lows specifically called on when I'm looking at the chart?
341 |340 |00:36:33 ~-~-> 00:36:37 |Well, if you look at the time of the day, this is during the lunch time
342 |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
343 |342 |00:36:43 ~-~-> 00:36:48 |time period. And then it'll give me the context for the pm session. And now,
344 |343 |00:36:48 ~-~-> 00:36:52 |because we're in the last hour of trading, we watched it trade down to
345 |344 |00:36:52 ~-~-> 00:36:59 |here. Sweep the sell side, no inefficiencies, just using the initial
346 |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
347 |346 |00:37:05 ~-~-> 00:37:09 |low of the buy side. About cell sign efficiency, that single candle over
348 |347 |00:37:09 ~-~-> 00:37:16 |there, no inefficiencies whatsoever, except for that one right there that I
349 |348 |00:37:16 ~-~-> 00:37:21 |mentioned moments ago. And then we hit the top, which I don't afford all that
350 |349 |00:37:21 ~-~-> 00:37:27 |much attention to this inefficiency because it's more or less using the buy
351 |350 |00:37:27 ~-~-> 00:37:31 |side and balance outside efficiency is high. So remember, I was telling you
352 |351 |00:37:31 ~-~-> 00:37:37 |earlier, it'd be nice to see it trade above that buy side here, trade above
353 |352 |00:37:37 ~-~-> 00:37:41 |it, and then sync it, tank it. And I think the term was I used,
354 |353 |00:37:51 ~-~-> 00:37:57 |I'd like to see a small portion of this down closed candle stay open. Like to
355 |354 |00:37:57 ~-~-> 00:38:05 |see some, some piece of that left open, right there. And then we would watch and
356 |355 |00:38:05 ~-~-> 00:38:11 |see, does it have the ability to get down into this cell side? If it leaves
357 |356 |00:38:11 ~-~-> 00:38:16 |this portion here and starts to break lower, any movement below halfway? Or
358 |357 |00:38:16 ~-~-> 00:38:20 |this red line here, which is this single candle, which is a by sign of balance,
359 |358 |00:38:20 ~-~-> 00:38:24 |cell sign efficiency, that consequence, Midpoint level, right there. If we trade
360 |359 |00:38:24 ~-~-> 00:38:30 |down below that, and we leave a small portion open, I would like very much to
361 |360 |00:38:30 ~-~-> 00:38:36 |see this low traded to and redelivered to. But if it closes this in entirely,
362 |361 |00:38:36 ~-~-> 00:38:40 |then it becomes 5050, and then we have to wait for more information. What
363 |362 |00:38:40 ~-~-> 00:38:43 |information? Wait for it to see if it wants to break lower or break higher,
364 |363 |00:38:43 ~-~-> 00:38:46 |because it's already done enough for us to study the last hour by taking this
365 |364 |00:38:46 ~-~-> 00:38:51 |short term sell side here, and then the buy side there. Is it something that you
366 |365 |00:38:51 ~-~-> 00:38:56 |can trade? Yes, but I would tell you, it's probably better that you didn't.
367 |366 |00:38:57 ~-~-> 00:39:03 |And is it? Is it profitable for study? Absolutely, but it's not something that
368 |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
369 |368 |00:39:06 ~-~-> 00:39:12 |much almost closed that in. So that now becomes a question of what we're going
370 |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
371 |370 |00:39:15 ~-~-> 00:39:22 |high here now? Because now the buy side is here, and when you're working inside
372 |371 |00:39:22 ~-~-> 00:39:27 |of primary buy side and sell side liquidity pools, I'll explain that in a
373 |372 |00:39:27 ~-~-> 00:39:27 |second.
374 |373 |00:39:29 ~-~-> 00:39:30 |These
375 |374 |00:39:35 ~-~-> 00:39:39 |highs and lows I'm marking right now, these are always going to be dynamic.
376 |375 |00:39:39 ~-~-> 00:39:46 |They constantly evolve, because you're inside of the high and the low of this
377 |376 |00:39:46 ~-~-> 00:39:51 |primary dealing range. So because we're inside of that, this high is what we
378 |377 |00:39:51 ~-~-> 00:39:55 |were just targeting, where earlier we were targeting these lows, we had the
379 |378 |00:39:55 ~-~-> 00:39:59 |lows hit, and then we ran up to the buy side. Now, because that high has been
380 |379 |00:39:59 ~-~-> 00:40:04 |taken. With this swing high here, and this low has been taken with this swing
381 |380 |00:40:04 ~-~-> 00:40:10 |low here, we now move our attention to this is now new minor sell side
382 |381 |00:40:10 ~-~-> 00:40:18 |liquidity, and now this is new minor buy side liquidity, and we constantly refer
383 |382 |00:40:18 ~-~-> 00:40:22 |back to now how this price behaved between these two levels. That's how we
384 |383 |00:40:22 ~-~-> 00:40:27 |work with dealing ranges. Okay, so it's an evolving concept that allows you to
385 |384 |00:40:27 ~-~-> 00:40:34 |see dynamic liquidity that's constantly entering the marketplace. Anyone that's
386 |385 |00:40:34 ~-~-> 00:40:37 |going to enter the market right now, they're not going to look at this high
387 |386 |00:40:37 ~-~-> 00:40:40 |here for a buy stop, for a short protection. They're not going to use
388 |387 |00:40:40 ~-~-> 00:40:43 |that. They're going to use that. They're going to use this one here, anyone that
389 |388 |00:40:43 ~-~-> 00:40:48 |wants to break out with a buying approach. So in order, if they think, if
390 |389 |00:40:48 ~-~-> 00:40:53 |it goes above a certain price level, if it breaks resistance, let's call it like
391 |390 |00:40:53 ~-~-> 00:40:57 |that. Okay, I don't like those terms, but that's what they're going to think.
392 |391 |00:40:57 ~-~-> 00:41:01 |It is. They see this as short term resistance. They could be a buyer on a
393 |392 |00:41:01 ~-~-> 00:41:07 |buy stop that puts them long. If it goes up there, expecting it runs to what they
394 |393 |00:41:07 ~-~-> 00:41:13 |believe over here is resistance. Either way. If someone's trading short, they're
395 |394 |00:41:13 ~-~-> 00:41:16 |going to put a buy stop right there. If they're trying to buy on a breakout,
396 |395 |00:41:16 ~-~-> 00:41:19 |they're going to put a buy stop there. You see how easy that makes that. So
397 |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
398 |397 |00:41:26 ~-~-> 00:41:31 |is, because it encompasses both sides, whether it's a buyer of strength trying
399 |398 |00:41:31 ~-~-> 00:41:36 |to enter a new long position or if it's a short position being protected with a
400 |399 |00:41:36 ~-~-> 00:41:39 |buy stop. That's how you protect your short position. And the same thing
401 |400 |00:41:39 ~-~-> 00:41:43 |that's being described here for this minor buy side liquidity pool here is
402 |401 |00:41:43 ~-~-> 00:41:47 |said with this short term low. So this is minor sell side, so meaning that
403 |402 |00:41:47 ~-~-> 00:41:52 |anyone that's long initially, you know, maybe they bought down here, or maybe
404 |403 |00:41:52 ~-~-> 00:41:56 |they bought inside here, their stop loss would be resting primarily resting right
405 |404 |00:41:56 ~-~-> 00:42:00 |below that low. Now it has maybe pretend, potentially, maybe moved up to
406 |405 |00:42:00 ~-~-> 00:42:04 |this low, or maybe this low in here, or maybe even now this low, because we're
407 |406 |00:42:04 ~-~-> 00:42:08 |getting late in the day, it doesn't change the fact that there are models
408 |407 |00:42:09 ~-~-> 00:42:14 |that the stops once they're placed. They don't move them and this let it go,
409 |408 |00:42:14 ~-~-> 00:42:19 |okay, and you don't think that way. But that doesn't mean other traders or
410 |409 |00:42:19 ~-~-> 00:42:23 |entities in our place, shouldn't or aren't thinking that way. So because
411 |410 |00:42:23 ~-~-> 00:42:30 |this low is now the low, that's a factor before you get to this low, the
412 |411 |00:42:31 ~-~-> 00:42:37 |algorithm would refer to this low as a minor sell side liquidity pool, and this
413 |412 |00:42:37 ~-~-> 00:42:42 |would be the minor buy side liquidity pool, if this one gets taken out, and
414 |413 |00:42:42 ~-~-> 00:42:47 |then it returns back into the range between the new higher high and this
415 |414 |00:42:47 ~-~-> 00:42:51 |low, then you would define the higher high that's been formed, that's your
416 |415 |00:42:51 ~-~-> 00:42:57 |minor bicycle. And it just constantly evolves until you take out this high,
417 |416 |00:42:57 ~-~-> 00:43:03 |and then you now have what you have an expansion where you have to wait for
418 |417 |00:43:03 ~-~-> 00:43:08 |some type of retracement, some kind of turning point, a significant
419 |418 |00:43:08 ~-~-> 00:43:12 |intermediate term high, basically, and then you have something to work with.
420 |419 |00:43:12 ~-~-> 00:43:17 |What makes an intermediate term high? Well, you have this high here, and this
421 |420 |00:43:17 ~-~-> 00:43:21 |high here, this high is lower than that one, and this high is higher than that
422 |421 |00:43:21 ~-~-> 00:43:29 |one long term, intermediate term. So you would like to see eventually these highs
423 |422 |00:43:29 ~-~-> 00:43:34 |taken out and create that same type of scenario where you have a high with two
424 |423 |00:43:34 ~-~-> 00:43:39 |lower highs around it, and they have a long term high, and anything that's
425 |424 |00:43:39 ~-~-> 00:43:44 |subordinate or lower than a new higher high, it forms like this. That's an
426 |425 |00:43:44 ~-~-> 00:43:52 |intermediate term high. I have a I have a couple lectures on this YouTube
427 |426 |00:43:52 ~-~-> 00:43:57 |channel where I teach market structure. And if you want to delve into that
428 |427 |00:43:57 ~-~-> 00:44:04 |subject matter, it's, it's, it's there for your edification. Alright, so we're
429 |428 |00:44:04 ~-~-> 00:44:13 |almost 25 minutes to four. It's like watching paint dry, isn't it? Not not
430 |429 |00:44:13 ~-~-> 00:44:24 |all that eventful. Is it still good study. These are the days and lectures
431 |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
432 |431 |00:44:29 ~-~-> 00:44:34 |easier to hold students attention when the market's moving around real fast,
433 |432 |00:44:34 ~-~-> 00:44:38 |and there's lots of things you can spot. But what happens when the market's
434 |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
435 |434 |00:44:44 ~-~-> 00:44:50 |to trade. That's wonderful. But what are you going to do when you start seeing
436 |435 |00:44:50 ~-~-> 00:44:54 |price, behaving like this? Are you going to sit down and try to force your will
437 |436 |00:44:54 ~-~-> 00:44:57 |in the marketplace? Because, hey, I'm watching price. I'm sitting in front of
438 |437 |00:44:57 ~-~-> 00:45:01 |the charts. I better take some trades. I'm. I better take a trade, otherwise
439 |438 |00:45:01 ~-~-> 00:45:07 |I'm wasting my time. That's usually the the scenario that unfolds, and that's
440 |439 |00:45:07 ~-~-> 00:45:12 |also the invitation for regret, because you end up doing something that doesn't
441 |440 |00:45:12 ~-~-> 00:45:17 |make sense financially, just because you feel impulsive that you want to do it,
442 |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
443 |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
444 |443 |00:45:27 ~-~-> 00:45:31 |saw it on the comment section on the YouTube channels videos, or if I saw it
445 |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
446 |445 |00:45:39 ~-~-> 00:45:44 |is basically painting so many scenarios where his students are never going to
447 |446 |00:45:44 ~-~-> 00:45:48 |trade. And that's not that's not entirely true, but for a troll, for
448 |447 |00:45:48 ~-~-> 00:45:53 |someone that just wants to have content to make posts about in the myopic, you
449 |448 |00:45:53 ~-~-> 00:45:57 |know, people that don't really know what it is I'm teaching, and that my students
450 |449 |00:45:57 ~-~-> 00:46:02 |actually do their own decisions and make money with the concepts I talk there's a
451 |450 |00:46:02 ~-~-> 00:46:07 |growing period that you're going to have to grow, grow through initially, and
452 |451 |00:46:07 ~-~-> 00:46:11 |it's going to be where you're trying to do something right away, and
453 |452 |00:46:11 ~-~-> 00:46:15 |unfortunately, you're going to try to do everything that I teach, and you're not
454 |453 |00:46:15 ~-~-> 00:46:22 |going to find the success that you want that would come if you were just trying
455 |454 |00:46:22 ~-~-> 00:46:25 |to use one approach or one PD array. Give me one second please do
456 |455 |00:47:06 ~-~-> 00:47:16 |puppies, my wife was like, I didn't know you were live. I'm always live, woman,
457 |456 |00:47:16 ~-~-> 00:47:20 |don't you understand? I'm ICT so so I
458 |457 |00:47:26 ~-~-> 00:47:31 |kind of broke my concentration there, but we'll see if I can wrestle it back
459 |458 |00:47:31 ~-~-> 00:47:39 |into focus. The long and short of it is this, when you're looking at price like
460 |459 |00:47:39 ~-~-> 00:47:44 |this, and it doesn't have a whole lot of inefficiencies. It doesn't have a number
461 |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
462 |461 |00:47:51 ~-~-> 00:48:00 |little bit of time left where the market could do something, but it might not do
463 |462 |00:48:00 ~-~-> 00:48:04 |so much. Why? Because we have this conflicting type of scenario where we
464 |463 |00:48:04 ~-~-> 00:48:09 |had cell side taken here aggressively and then we pumped it all the way up,
465 |464 |00:48:09 ~-~-> 00:48:14 |spent a little bit of time here. We had this nice sell off failure to go higher
466 |465 |00:48:15 ~-~-> 00:48:18 |and just meandered lower down into that same buy side of balance, cell sign
467 |466 |00:48:18 ~-~-> 00:48:22 |efficiency that's over here, and then it's spent a whole lot of time in here
468 |467 |00:48:24 ~-~-> 00:48:31 |when we are in inefficiencies, okay, I don't like to see them. Spend a lot of
469 |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
470 |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
471 |470 |00:48:46 ~-~-> 00:48:50 |little bit of animation there. That's good. Came right down. Just fell short
472 |471 |00:48:50 ~-~-> 00:48:55 |of consequent encouragement of that by sound, also sound deficiency. But say
473 |472 |00:48:55 ~-~-> 00:49:03 |I'm bullish, and there's bullish fair value gaps, okay, or something to affect
474 |473 |00:49:03 ~-~-> 00:49:08 |volume balances. I don't like to see price spend time in like, like it's done
475 |474 |00:49:08 ~-~-> 00:49:12 |in here between these big, bold, blue lines. I don't like to see this type of
476 |475 |00:49:12 ~-~-> 00:49:15 |stuff when you start looking at your charts and going back through your old
477 |476 |00:49:15 ~-~-> 00:49:20 |data and look at your old price moves, you'll see, because you have the benefit
478 |477 |00:49:20 ~-~-> 00:49:24 |of hindsight that that is when the market was hard, if you were trying to
479 |478 |00:49:24 ~-~-> 00:49:28 |trade in, that you might have been hurt, you might have been stopped out. You may
480 |479 |00:49:28 ~-~-> 00:49:31 |have had a lot of conflicting signals and may have been frustrated. That's the
481 |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
482 |481 |00:49:35 ~-~-> 00:49:43 |not so confusing and they're not trying to well, not just Caleb, but all my kids
483 |482 |00:49:43 ~-~-> 00:49:46 |that they're not trying to force themselves into a trade. I want to look
484 |483 |00:49:46 ~-~-> 00:49:52 |at these two lows here between the indices. Real quick. I'm using a laptop,
485 |484 |00:49:52 ~-~-> 00:49:56 |so I don't have the benefit of having all my other charts, so it's still
486 |485 |00:49:56 ~-~-> 00:50:02 |making a lower low there. And let's check the Dow real quick. Did. 3030, and
487 |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
488 |487 |00:50:07 ~-~-> 00:50:14 |doing is I'm doing correlation studies to see how the delivery of these lows
489 |488 |00:50:14 ~-~-> 00:50:19 |here and here respectively how they match, or if they didn't match. It
490 |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
491 |490 |00:50:25 ~-~-> 00:50:29 |SMT diversions. But I'd have to be bullish. It doesn't, it doesn't give me
492 |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
493 |492 |00:50:35 ~-~-> 00:50:38 |because it diverged. There has to be something else there. SMT is a
494 |493 |00:50:38 ~-~-> 00:50:43 |qualifier. It's not a selection tool. Okay, it's not something that says I
495 |494 |00:50:43 ~-~-> 00:50:46 |need to be a buyer, because it's diverged between the two averages or
496 |495 |00:50:46 ~-~-> 00:50:51 |three averages. Or if you're looking at like your dollar and cable for the 4x
497 |496 |00:50:51 ~-~-> 00:50:56 |traders, like if you looked at my old content, you see if, if your dollar
498 |497 |00:50:56 ~-~-> 00:51:00 |makes a lower low, but POUND DOLLAR doesn't make that lower low. Yes, that's
499 |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
500 |499 |00:51:05 ~-~-> 00:51:10 |price and a time when it means absolutely nothing, even if I am
501 |500 |00:51:10 ~-~-> 00:51:15 |bullish, it doesn't mean that that adds anything in terms of validity to the
502 |501 |00:51:15 ~-~-> 00:51:18 |move, going higher at that moment, and then eventually, what tends to happen is
503 |502 |00:51:18 ~-~-> 00:51:24 |that the SMT eventually fizzles out. In other words, it doesn't stay there, and
504 |503 |00:51:24 ~-~-> 00:51:29 |one of those pairs will move in a way that removes that supposed SMT
505 |504 |00:51:29 ~-~-> 00:51:33 |diversion. So what I'm saying is, if there's something that is already
506 |505 |00:51:33 ~-~-> 00:51:36 |predetermined that makes the market bullish or bearish, and I already have a
507 |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
508 |507 |00:51:42 ~-~-> 00:51:48 |at the correlated markets, like es versus NQ and YM, or if I'm looking at
509 |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,
510 |509 |00:51:52 ~-~-> 00:51:56 |if I get a divergence like that, you'd expect that did you if I get a
511 |510 |00:51:56 ~-~-> 00:52:01 |divergence there, then that obviously it confirms and provides a little bit more
512 |511 |00:52:01 ~-~-> 00:52:06 |quality behind the setup being bullish at that moment, because I have other
513 |512 |00:52:06 ~-~-> 00:52:09 |factors there. So I'm not looking just panning through charts, looking for
514 |513 |00:52:09 ~-~-> 00:52:14 |divergences. That, unfortunately, is what a lot of the folks on social media
515 |514 |00:52:14 ~-~-> 00:52:17 |were doing soon as I started teaching SMT, everybody was scanning through
516 |515 |00:52:17 ~-~-> 00:52:20 |their charts, because it's, it's a visual representation that it's easy to
517 |516 |00:52:20 ~-~-> 00:52:24 |spot, isn't it? In it? That was how I thought about it. When I first started
518 |517 |00:52:24 ~-~-> 00:52:28 |trying to develop a method around that, I was like, Yeah, I'm so frustrated. I
519 |518 |00:52:28 ~-~-> 00:52:32 |want to see something that just jumps off the chart. Because even though I had
520 |519 |00:52:32 ~-~-> 00:52:36 |all these indicators, I didn't trust the indicators. And the fact that I had
521 |520 |00:52:36 ~-~-> 00:52:39 |three or four of them and my chart told me that I wasn't trusting the
522 |521 |00:52:39 ~-~-> 00:52:43 |indicators. I just wanted something to tell me what my gut was telling me at
523 |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
524 |523 |00:52:46 ~-~-> 00:52:50 |there with the bullish divergence, I was buying it. So really, what I was looking
525 |524 |00:52:50 ~-~-> 00:52:54 |for is any excuse to go in there and do something. And that's, unfortunately,
526 |525 |00:52:54 ~-~-> 00:52:58 |what everybody's trying to do, not just with my stuff, but everything. And it's
527 |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
528 |527 |00:53:03 ~-~-> 00:53:06 |beginning. You have to find out what those things are that you're going to
529 |528 |00:53:06 ~-~-> 00:53:12 |use to derail yourself, and it's impulsiveness. So I'm not sure how I can
530 |529 |00:53:12 ~-~-> 00:53:18 |that topic, though, because there's no no real time left in the week. I don't
531 |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
532 |531 |00:53:24 ~-~-> 00:53:27 |silly in front of the entire world doing? Yeah, I would love that to
533 |532 |00:53:27 ~-~-> 00:53:30 |happen, though, see what I'm saying. Like, I would love to see that happen.
534 |533 |00:53:30 ~-~-> 00:53:37 |But because we have had such an enormous price run all week, like, all week, this
535 |534 |00:53:37 ~-~-> 00:53:43 |thing has been driving higher. So is it reasonable to expect the last few
536 |535 |00:53:43 ~-~-> 00:53:47 |minutes of the trading day before the regular trading session ends at four
537 |536 |00:53:47 ~-~-> 00:53:54 |o'clock and settles at 415 yes, there's 45 more minutes that trades. But why
538 |537 |00:53:54 ~-~-> 00:53:58 |should it do anything spectacular after that? So the probabilities fall off
539 |538 |00:53:58 ~-~-> 00:54:04 |precipitously because of the factor of time. Time is the most essential
540 |539 |00:54:04 ~-~-> 00:54:10 |element. Period. Every trade that I took today was based on time. Everything that
541 |540 |00:54:10 ~-~-> 00:54:14 |I showed every single thing when I was buying and selling all day long, when
542 |541 |00:54:14 ~-~-> 00:54:17 |people were sitting around talking in their little YouTube channel, talking
543 |542 |00:54:17 ~-~-> 00:54:23 |about this and talking about that, the market was giving setups. It was easy
544 |543 |00:54:23 ~-~-> 00:54:30 |movement, lots of easy setups based on time. Now we have this compression of
545 |544 |00:54:31 ~-~-> 00:54:37 |movement in price, but it's in a small envelope of time. We only have a few
546 |545 |00:54:37 ~-~-> 00:54:43 |minutes left. We're going down to last 15 minutes here in a moment. Okay, so
547 |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
548 |547 |00:54:53 ~-~-> 00:54:57 |to four o'clock macro. You see how we just ran into that liquidity right there
549 |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
550 |549 |00:55:03 ~-~-> 00:55:07 |your charts, study the macro times I'm giving you, and you'll see that that
551 |550 |00:55:07 ~-~-> 00:55:14 |market is doing one of two things. It's driving up into some inefficiency that
552 |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
553 |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
554 |553 |00:55:24 ~-~-> 00:55:27 |because it's buying pressure. It's not that. And the only reason why the
555 |554 |00:55:27 ~-~-> 00:55:32 |market's going to go lower, it's going to go down to an inefficiency, and that
556 |555 |00:55:32 ~-~-> 00:55:39 |would be something like over here, or below this low here, or now this low
557 |556 |00:55:39 ~-~-> 00:55:46 |here. Okay, so because we have this low being pierced by this one, and it's
558 |557 |00:55:46 ~-~-> 00:55:54 |trading essentially at a PD array, this, this cell side goes here. Now see how it
559 |558 |00:55:54 ~-~-> 00:56:01 |becomes dynamic. Everything starts to evolve. And this is important stuff when
560 |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
561 |560 |00:56:06 ~-~-> 00:56:11 |trading week. Okay, it's far less useful in terms of information. But can you
562 |561 |00:56:11 ~-~-> 00:56:17 |imagine how this is useful, say, on a Tuesday, going into, you know, 10
563 |562 |00:56:17 ~-~-> 00:56:22 |o'clock in the morning, where you're starting to see this compression with
564 |563 |00:56:22 ~-~-> 00:56:27 |price action, and you can define where the buy side and sell side is. So right
565 |564 |00:56:27 ~-~-> 00:56:31 |now we're above this short term high. What you're doing is you're watching,
566 |565 |00:56:31 ~-~-> 00:56:38 |does it start to expand here? And it does, what would it be reaching for?
567 |566 |00:56:38 ~-~-> 00:56:43 |There's a small, little short term high over here. See that there's a smaller
568 |567 |00:56:43 ~-~-> 00:56:48 |short term high right there, and there's that inefficiency right here. So what
569 |568 |00:56:48 ~-~-> 00:56:52 |you would watch is, does it have the ability to stay above that high here? If
570 |569 |00:56:52 ~-~-> 00:56:57 |this candlestick closes below here, then we take that line and we apply it to
571 |570 |00:56:57 ~-~-> 00:57:01 |this candlestick there. Why? Because we have a swing high, which when this
572 |571 |00:57:01 ~-~-> 00:57:07 |candle closes, if it closes down below it, below this high, specifically, this
573 |572 |00:57:07 ~-~-> 00:57:13 |becomes the new minor buy side liquidity pool. Got 30 seconds left click.
574 |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
575 |574 |00:57:29 ~-~-> 00:57:34 |a useful study for liquidity. Always. It's always a study that's worthwhile,
576 |575 |00:57:35 ~-~-> 00:57:41 |and it'll help you work with time based trading models where you're only trying
577 |576 |00:57:41 ~-~-> 00:57:46 |to trade in eight an hour's worth of time, or two hours worth of time, and
578 |577 |00:57:46 ~-~-> 00:57:50 |you can do all the trading you'd ever want. And see this is, this is where
579 |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
580 |579 |00:58:00 ~-~-> 00:58:04 |already cleared this high, and now we have it here. Does the market show a
581 |580 |00:58:04 ~-~-> 00:58:09 |willingness to stay away from going back above this high and stay away from this
582 |581 |00:58:09 ~-~-> 00:58:13 |high here? So I'm constantly referring to what price is doing right here,
583 |582 |00:58:13 ~-~-> 00:58:18 |fluctuating back and forth in relationship to this old high, in that
584 |583 |00:58:18 ~-~-> 00:58:23 |high, as long as we keep moving away from it, and every new candle that is
585 |584 |00:58:23 ~-~-> 00:58:28 |generated and paints on the chart moves away from it, that means that we would
586 |585 |00:58:28 ~-~-> 00:58:34 |eventually gravitate down to this low here, or if we drive through this then I
587 |586 |00:58:34 ~-~-> 00:58:39 |would want to see it reach up into here, and any bit of excitement beyond that
588 |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
589 |588 |00:58:43 ~-~-> 00:58:45 |chart, I'll just go on there. Okay,
590 |589 |00:58:54 ~-~-> 00:58:58 |it's important when you're when you're first studying like this, if you're
591 |590 |00:58:58 ~-~-> 00:59:03 |brand new, is try to remove the impulse. And I see all these jokers out there
592 |591 |00:59:03 ~-~-> 00:59:08 |making up nonsense. I'm not teaching you to just try to primarily be right all
593 |592 |00:59:08 ~-~-> 00:59:12 |the time. Okay, that's that's an asshole talking about their ass. Okay? That says
594 |593 |00:59:12 ~-~-> 00:59:17 |that stuff I'm teaching you that being right is not essential. Actually, like
595 |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
596 |595 |00:59:22 ~-~-> 00:59:24 |market's reaching for, for, for the purpose of withdrawal and liquidity,
597 |596 |00:59:25 ~-~-> 00:59:31 |that draw may be an inefficiency like this, or it could be an actual high, or,
598 |597 |00:59:31 ~-~-> 00:59:35 |in this case, relative equal highs, because above that is going to be What
599 |598 |00:59:35 ~-~-> 00:59:43 |buy stops. Below this lows what sell stops this little, tiny, little
600 |599 |00:59:43 ~-~-> 00:59:48 |separation here, that's a volume imbalance. Let me elongate the charts.
601 |600 |00:59:48 ~-~-> 00:59:52 |You can see a little bit better. There's no inefficiency where we're at here,
602 |601 |00:59:53 ~-~-> 00:59:56 |beyond this one. And that might if you trade lower, it could teach. You could
603 |602 |00:59:56 ~-~-> 01:00:01 |teach. It could trade right into that as inversion. It wants to trade down into
604 |603 |01:00:01 ~-~-> 01:00:07 |the volume of balance, but you're constantly looking for where the market
605 |604 |01:00:07 ~-~-> 01:00:12 |may book price for the purposes of inefficiency or stops. And while I don't
606 |605 |01:00:12 ~-~-> 01:00:18 |like to draw these levels on my charts to annotate minor buy side and salsa, I
607 |606 |01:00:18 ~-~-> 01:00:23 |have done it recently because I want my son to see it that way. Don't think
608 |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
609 |608 |01:00:26 ~-~-> 01:00:30 |helpful to you while you're first learning treat it like training wheels
610 |609 |01:00:30 ~-~-> 01:00:35 |on a bicycle. But eventually you'll, you'll get real comfortable with
611 |610 |01:00:35 ~-~-> 01:00:40 |knowing, okay, I'm inside a larger dealing range, in trading, inside the
612 |611 |01:00:40 ~-~-> 01:00:43 |range of what what's that mean? Michael, what do you mean when you say that?
613 |612 |01:00:43 ~-~-> 01:00:48 |Okay, so now we just broke here. So we have this short term high, this short
614 |613 |01:00:48 ~-~-> 01:00:54 |term high in net inefficiency, right there. So I'm gonna add these with the
615 |614 |01:00:54 ~-~-> 01:01:01 |little ray thing, my jiggy thing. I'm a jiggy. Michael, what does that mean? I
616 |615 |01:01:01 ~-~-> 01:01:04 |can see now the foreigners are now trying to look up, what is the thing of
617 |616 |01:01:04 ~-~-> 01:01:08 |the jiggy? It's a do Hickey. So whatchamacallit, you know I'm talking
618 |617 |01:01:08 ~-~-> 01:01:16 |about. It's just, unfortunately, one of those things that are slang. So we
619 |618 |01:01:16 ~-~-> 01:01:26 |traded into that short term high there. So now we have this high. If we get
620 |619 |01:01:26 ~-~-> 01:01:31 |another candlestick that stays below here and it's and it's lower, this
621 |620 |01:01:31 ~-~-> 01:01:37 |becomes our new minor buy side. So you're constantly referring to this, and
622 |621 |01:01:37 ~-~-> 01:01:41 |you'll see why. Learning how to do this, it's a little cumbersome, constantly
623 |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
624 |623 |01:01:46 ~-~-> 01:01:50 |teaching you, because you'll know, you'll understand that. Okay, now
625 |624 |01:01:50 ~-~-> 01:01:55 |anything if we start to drop off, that means that price might be enticing
626 |625 |01:01:55 ~-~-> 01:01:59 |traders to do what to be short, and if they're short, where they're going to
627 |626 |01:01:59 ~-~-> 01:02:03 |place their stop loss above a high. You see how we ran above that high. We
628 |627 |01:02:03 ~-~-> 01:02:08 |didn't close this candle yet, so it's still driving. There's liquidity in
629 |628 |01:02:08 ~-~-> 01:02:12 |here, and there's inefficiency where the market wants to deliver just for the
630 |629 |01:02:12 ~-~-> 01:02:18 |purpose of overlapping this singular down, close candle. Think about it like
631 |630 |01:02:18 ~-~-> 01:02:22 |that paint analogy I gave you. The paint was applied with the roller on the wall,
632 |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
633 |632 |01:02:28 ~-~-> 01:02:33 |enough paint, it's got to go back up there at a later time. So that would
634 |633 |01:02:33 ~-~-> 01:02:39 |make this a repricing to this inefficiency. That's a city. This is a
635 |634 |01:02:39 ~-~-> 01:02:40 |sell side, imbalanced by sign in efficiency.
636 |635 |01:02:48 ~-~-> 01:02:55 |It is. It isn't sexy, but you're learning. And the more times you do this
637 |636 |01:02:55 ~-~-> 01:03:00 |stuff, you'll be able to see the setups and trades that I was doing today, which
638 |637 |01:03:00 ~-~-> 01:03:04 |is, it doesn't matter, like I was trading without a buys. I was just
639 |638 |01:03:04 ~-~-> 01:03:10 |simply trading time inefficiencies and liquidity. That's it. Time of day, how
640 |639 |01:03:10 ~-~-> 01:03:16 |the market should characteristically deliver post lunch time, before
641 |640 |01:03:16 ~-~-> 01:03:21 |lunchtime, during the lunch time. Okay, so you're never going to run out of
642 |641 |01:03:21 ~-~-> 01:03:24 |setups with me. You're never going to you're never going to be short of a
643 |642 |01:03:24 ~-~-> 01:03:28 |supply of opportunities. And that's the wonderful thing about what I'm teaching
644 |643 |01:03:28 ~-~-> 01:03:34 |you. I give you lots of resources and tools to first determine how you want to
645 |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
646 |645 |01:03:38 ~-~-> 01:03:43 |son. So it gives you the control you have that control I don't have it over
647 |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
648 |647 |01:03:49 ~-~-> 01:03:53 |available to you right now in terms of opportunities to be a buyer seller. I
649 |648 |01:03:53 ~-~-> 01:03:57 |was trying to get through this before that does that, so I might have to hurry
650 |649 |01:03:57 ~-~-> 01:04:02 |up and run and Grab my power cord. ICT, are so unprofessional, dude, you
651 |650 |01:04:20 ~-~-> 01:04:44 |come on and see if we can get it for thoughts. I probably can hear that guy
652 |651 |01:04:44 ~-~-> 01:04:56 |out there running this his blower. There we go, alright, so you can see we
653 |652 |01:04:56 ~-~-> 01:05:00 |touched that old high. It's probably random. I. Uh,
654 |653 |01:05:07 ~-~-> 01:05:12 |just for moral victory, I'd like to see it book inside that blue shaded area.
655 |654 |01:05:12 ~-~-> 01:05:18 |And I'd be content with that for this session together, but you can see how
656 |655 |01:05:18 ~-~-> 01:05:23 |that dynamic high. And now this one here, you wouldn't you wouldn't need to
657 |656 |01:05:23 ~-~-> 01:05:26 |keep that line on it anymore. You get rid of it. Sometimes you've probably
658 |657 |01:05:26 ~-~-> 01:05:31 |seen where I've had levels annotated, and then I dim them. I don't make them
659 |658 |01:05:31 ~-~-> 01:05:37 |so prominent in their color, almost like I fade them away. That's because I've
660 |659 |01:05:37 ~-~-> 01:05:42 |taught somebody a very specific thing in a video. Maybe a student asked me a
661 |660 |01:05:42 ~-~-> 01:05:48 |question, and then I demonstrate that same thing, where they keep it in their
662 |661 |01:05:48 ~-~-> 01:05:54 |chart so that we can, you know, to journal it or study how all the time
663 |662 |01:05:54 ~-~-> 01:05:58 |frames work with that specific level. I know we're on a one minute chart here,
664 |663 |01:05:58 ~-~-> 01:06:05 |but my students are familiar with like 45 second, 32nd and 15 second. In my
665 |664 |01:06:05 ~-~-> 01:06:11 |opinion, it's not necessary for you to trade below one minute chart, but once
666 |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
667 |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
668 |667 |01:06:21 ~-~-> 01:06:28 |that noise was, uh, sweet chin music today, wasn't it? ICT was all over that
669 |668 |01:06:28 ~-~-> 01:06:29 |15 second chart.
670 |669 |01:06:36 ~-~-> 01:06:44 |I'm waiting for this candlestick to close. Now annotate that high there. But
671 |670 |01:06:44 ~-~-> 01:06:48 |what will eventually happen is, instead of moving these levels around to teach
672 |671 |01:06:48 ~-~-> 01:06:54 |you to observe it as minor buy side and minor sell side liquidity pools, you'll
673 |672 |01:06:54 ~-~-> 01:06:57 |just naturally understand that. Okay, this is where, in other words, it would
674 |673 |01:06:57 ~-~-> 01:07:03 |look like this. You just know that that high has the minor buy side. You don't
675 |674 |01:07:03 ~-~-> 01:07:08 |need to draw a short term trend line on it to draw attention to it being where
676 |675 |01:07:08 ~-~-> 01:07:15 |stops with rest. But in keeping with the lesson, I'll do it because this is what
677 |676 |01:07:15 ~-~-> 01:07:21 |Caleb should be doing. And now, because we just pierced a little bit over here.
678 |677 |01:07:21 ~-~-> 01:07:26 |We don't need to have that there, and that's your dynamic minor buy side. And
679 |678 |01:07:27 ~-~-> 01:07:31 |we traded all the way down into that little area I told you about a while
680 |679 |01:07:31 ~-~-> 01:07:35 |ago, which was a volume of balance. The volume balance is a separation between
681 |680 |01:07:35 ~-~-> 01:07:42 |two consecutive candles where the bodies do not join. There may be a connection
682 |681 |01:07:43 ~-~-> 01:07:49 |with Wix, but there's no no overlapping or touching between the two candlestick
683 |682 |01:07:49 ~-~-> 01:07:58 |bodies. That is a volume balance, and they are the the most flexible PD array,
684 |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
685 |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
686 |685 |01:08:11 ~-~-> 01:08:16 |to in pyramid in them. But I also know that they are the most flexible PD
687 |686 |01:08:16 ~-~-> 01:08:25 |array, meaning that I want my order block to be very, very strong in
688 |687 |01:08:25 ~-~-> 01:08:30 |defending its mean threshold, its midpoint level, okay, half of its range.
689 |688 |01:08:31 ~-~-> 01:08:37 |It can wick below it, but it cannot close below it if it closed below half
690 |689 |01:08:37 ~-~-> 01:08:41 |of the candlestick that I'm looking for to to behave like an order block. If
691 |690 |01:08:41 ~-~-> 01:08:44 |it's say, for instance, a bullish order block. I don't want to see any
692 |691 |01:08:44 ~-~-> 01:08:49 |candlestick after it forms trade down and close below its halfway point. As
693 |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
694 |693 |01:08:54 ~-~-> 01:08:58 |take half the trade off, or make entirely close the entire trade off. If
695 |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
696 |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
697 |696 |01:09:09 ~-~-> 01:09:15 |trade being successful on just one PD array. While that one PD array may be
698 |697 |01:09:15 ~-~-> 01:09:21 |the singular catalyst that puts me in at that specific price, the overall trade
699 |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
700 |699 |01:09:26 ~-~-> 01:09:32 |factors there. And now I'm watching the midpoint of this wick, which is
701 |700 |01:09:32 ~-~-> 01:09:37 |consequent encroachment, and we're in the last couple seconds of the day, so
702 |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
703 |702 |01:09:40 ~-~-> 01:09:42 |see if we can drop it down and take out that cell saw and
704 |703 |01:09:42 ~-~-> 01:09:44 |side right here. I'd
705 |704 |01:09:46 ~-~-> 01:09:49 |like to see a trade up, hit the consequent curtain of that, and then
706 |705 |01:09:49 ~-~-> 01:09:51 |dump right down to that. That'd be cool.
707 |706 |01:09:58 ~-~-> 01:10:01 |So when you're watching price, these are types of things. You can practice what
708 |707 |01:10:01 ~-~-> 01:10:04 |they're like, little, tiny drills. You see how it's freeing. It's very
709 |708 |01:10:04 ~-~-> 01:10:09 |liberating to not expect yourself to be right. You don't have to be right. You
710 |709 |01:10:09 ~-~-> 01:10:13 |don't have to be accurate about an entry point. But you want to get used to
711 |710 |01:10:13 ~-~-> 01:10:18 |seeing how price behaves and how it shows you its mannerisms. And you also
712 |711 |01:10:18 ~-~-> 01:10:22 |need to study what the mannerisms are around certain times a day, like Like
713 |712 |01:10:22 ~-~-> 01:10:30 |now, versus the opening at 930 or after the first 30 minutes of trading, how
714 |713 |01:10:30 ~-~-> 01:10:32 |does how does the market behave? Then? Okay,
715 |714 |01:10:39 ~-~-> 01:10:46 |so I know some of you jokers that watch my videos. Not everybody watching this
716 |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
717 |716 |01:10:49 ~-~-> 01:10:53 |don't really try to want to learn. They just want to watch something, to get
718 |717 |01:10:53 ~-~-> 01:10:57 |some kind of material to go online and complain about, because it's not easy.
719 |718 |01:10:58 ~-~-> 01:11:02 |So they want to attack it. And you're never going to make me feel bad about
720 |719 |01:11:02 ~-~-> 01:11:07 |that. It just means that you aren't equipped to do it, and that's fine.
721 |720 |01:11:07 ~-~-> 01:11:10 |There's other things out there. There's V wop and there's moving average,
722 |721 |01:11:10 ~-~-> 01:11:13 |crossovers and indicators you can do all that stuff. Luck out goes making all
723 |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
724 |723 |01:11:17 ~-~-> 01:11:20 |things that is available for everyone out there. You don't have to trade ICT
725 |724 |01:11:20 ~-~-> 01:11:23 |concepts. You don't have to do anything that I teach. And you can flip a quarter
726 |725 |01:11:23 ~-~-> 01:11:27 |with good money management. You can make money, but you do have to control your
727 |726 |01:11:27 ~-~-> 01:11:31 |impulses. You do. You do have to fix the problems that are inside of you, because
728 |727 |01:11:31 ~-~-> 01:11:36 |no matter what you use, until you fix you, you are going to be the reason and
729 |728 |01:11:36 ~-~-> 01:11:39 |the catalyst for you losing all the time. There's no external factors that
730 |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
731 |730 |01:11:45 ~-~-> 01:11:49 |always that it was, I was the problem for myself, everybody else that's become
732 |731 |01:11:49 ~-~-> 01:11:53 |profitable, if they're honest, they'll tell you they were the problem. They're
733 |732 |01:11:53 ~-~-> 01:11:58 |you're always going to be the problem, tools and resources and approaches. You
734 |733 |01:11:58 ~-~-> 01:12:03 |know, they're all going to differ, but you're going to be the constant. So if
735 |734 |01:12:03 ~-~-> 01:12:06 |you're if you've been going through one trading approach to another trading
736 |735 |01:12:06 ~-~-> 01:12:10 |approach, this mentor, that mentor. I tried this system, I tried and if
737 |736 |01:12:10 ~-~-> 01:12:15 |nothing's working, it's probably a sure sign that you're doing something all the
738 |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
739 |738 |01:12:20 ~-~-> 01:12:23 |popular in the first few months with me, because it's you finding out that you're
740 |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.
741 |740 |01:12:27 ~-~-> 01:12:34 |There you go. ICT. Oh my goodness. So everything that we walk through here is
742 |741 |01:12:34 ~-~-> 01:12:39 |just a really good example of how you can go in and study the last final hour
743 |742 |01:12:39 ~-~-> 01:12:45 |trading. And what you'll see is, over time, you'll pick up on phenomenon that
744 |743 |01:12:45 ~-~-> 01:12:50 |tends to repeat. And you'll also be able to recognize when the market's a little
745 |744 |01:12:50 ~-~-> 01:12:56 |bit more complex and difficult to get in, versus other days where it's just
746 |745 |01:12:56 ~-~-> 01:13:00 |the ranges are beautiful, the candlesticks are just easy to read. You
747 |746 |01:13:00 ~-~-> 01:13:03 |can see the fair value guys. They just jump off the chart. And chart, whereas
748 |747 |01:13:03 ~-~-> 01:13:07 |you see, like, this type of delivery. I think anyone that's familiar with my
749 |748 |01:13:07 ~-~-> 01:13:11 |stuff, they can see this and say, okay, yeah, this isn't the previous type of
750 |749 |01:13:11 ~-~-> 01:13:15 |price action. But as you can see, we can determine where it's likely to draw to.
751 |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
752 |751 |01:13:21 ~-~-> 01:13:26 |got to this high, it got to this high, and we watched how it delivered above
753 |752 |01:13:26 ~-~-> 01:13:29 |this short term high here, and then eventually, after it did all the things
754 |753 |01:13:29 ~-~-> 01:13:32 |over here, I would have liked to seen it trade up into the consequent crushing
755 |754 |01:13:32 ~-~-> 01:13:35 |there. And if it would have hit that, I would have said, Now watch. I want to
756 |755 |01:13:35 ~-~-> 01:13:39 |see it react off of that and then trade for that sell side. Actually said that,
757 |756 |01:13:39 ~-~-> 01:13:44 |but I wanted to see it do it, and obviously okay, if it happens to do
758 |757 |01:13:44 ~-~-> 01:13:47 |that, then what you can do is you can use the consequent encroachment of this
759 |758 |01:13:47 ~-~-> 01:13:50 |wick, and that's where your stop loss would be. You don't need to be above
760 |759 |01:13:50 ~-~-> 01:13:54 |this high because you have consequence here that frames the setup, and that
761 |760 |01:13:54 ~-~-> 01:13:58 |little wick, half of half of that measurement here, your stop would be one
762 |761 |01:13:58 ~-~-> 01:14:01 |tick above that, and then running to that short term sell side. That would be
763 |762 |01:14:01 ~-~-> 01:14:05 |a very easy bread and butter setup. Now, for some of you that went right over
764 |763 |01:14:05 ~-~-> 01:14:12 |your head, but that is a model that forms every single day. If you look on
765 |764 |01:14:12 ~-~-> 01:14:16 |every time frame, you'll see it. You'll see it on these little time frames like
766 |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
767 |766 |01:14:20 ~-~-> 01:14:26 |chart, because those charts, they're, they're they're moving, you know, little
768 |767 |01:14:26 ~-~-> 01:14:32 |bit more abruptly. They're not, they're not faster. They're just not staying in
769 |768 |01:14:32 ~-~-> 01:14:37 |a big bold up close candle or big bold down close candle. So it's there. They
770 |769 |01:14:37 ~-~-> 01:14:42 |tend to have a little bit more wicks than they have bodies. And that's what
771 |770 |01:14:42 ~-~-> 01:14:47 |makes these lower time frames, to me, very easy to work with, because there's
772 |771 |01:14:47 ~-~-> 01:14:51 |lots of volume imbalances. There's actual gaps that form sometimes, which
773 |772 |01:14:51 ~-~-> 01:14:55 |is easy, because the market is going to just dump right back into it, or go up
774 |773 |01:14:55 ~-~-> 01:14:58 |into it real quick, and then once it leaves it, if it touches the bottom of
775 |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
776 |775 |01:15:02 ~-~-> 01:15:05 |know what that is, look at the month four content in the 2016 playlist on
777 |776 |01:15:05 ~-~-> 01:15:14 |this YouTube channel. Look, I mean, that stuff is just, it's basic ICT, but it's
778 |777 |01:15:14 ~-~-> 01:15:18 |absolutely essential for someone that's trying to figure out what their PD array
779 |778 |01:15:18 ~-~-> 01:15:21 |is. Maybe, maybe you've seen me talking a lot about fair value gaps recently,
780 |779 |01:15:21 ~-~-> 01:15:24 |because you just started following the channel and you're thinking, I don't
781 |780 |01:15:24 ~-~-> 01:15:28 |feel comfortable with a fair value gap. I don't know what fair value gap I want
782 |781 |01:15:28 ~-~-> 01:15:31 |to trade. Well, that's, that's what Caleb's learning. Caleb's learning that
783 |782 |01:15:31 ~-~-> 01:15:35 |same thing. Okay, so how I'm teaching him? That's the answer to your question
784 |783 |01:15:35 ~-~-> 01:15:39 |that people are leaving in my other videos, saying, how do you pick the
785 |784 |01:15:39 ~-~-> 01:15:42 |right fair value gap? You always tend to get into the fair value gaps that work,
786 |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
787 |786 |01:15:47 ~-~-> 01:15:53 |perfect sense that I'm teaching my son in my best ability as both his dad and
788 |787 |01:15:53 ~-~-> 01:16:00 |his teacher, I'm teaching him My solution to finding how it is that I see
789 |788 |01:16:00 ~-~-> 01:16:08 |it. Let's be let's be honest. I might not be successful in communicating every
790 |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
791 |790 |01:16:11 ~-~-> 01:16:15 |framework to start with, which is exactly what I've invited all of you to
792 |791 |01:16:15 ~-~-> 01:16:19 |do by having all the content I have my channel strip everything. I want to say
793 |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
794 |793 |01:16:22 ~-~-> 01:16:25 |me keep going, going, going, but I have a life, and I have something I want to
795 |794 |01:16:25 ~-~-> 01:16:34 |get into that starts this weekend for me, trading how I teach. Okay, there are
796 |795 |01:16:34 ~-~-> 01:16:39 |people out there that will say, I complicate things, and that's just you
797 |796 |01:16:40 ~-~-> 01:16:47 |saying that you can't think like you are complicating it. You're thinking this is
798 |797 |01:16:47 ~-~-> 01:16:51 |too much for me to work with. I own something simpler, and if that's how it
799 |798 |01:16:51 ~-~-> 01:16:55 |is, say that, and I'll never argue against something like that. But if you
800 |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
801 |800 |01:17:00 ~-~-> 01:17:04 |failed. Show me what you were doing. I did this with my own paid students. And
802 |801 |01:17:04 ~-~-> 01:17:08 |when they would show me what they were doing, it's a big spotlight, huge
803 |802 |01:17:08 ~-~-> 01:17:11 |spotlight, that they're not doing the things. And then when they got to the
804 |803 |01:17:11 ~-~-> 01:17:14 |point where they were honest with me, they would tell me, yeah, I just, you
805 |804 |01:17:14 ~-~-> 01:17:17 |know, I don't have the patience to do this. And blah, blah, blah right now,
806 |805 |01:17:17 ~-~-> 01:17:21 |you're getting to the core problems that are inside of you. It's not the concept,
807 |806 |01:17:21 ~-~-> 01:17:26 |because let's just make it very plain and simple, you're either going to be a
808 |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
809 |808 |01:17:29 ~-~-> 01:17:32 |you're bullish. Do you think it's going to go higher? You're going to be
810 |809 |01:17:32 ~-~-> 01:17:36 |expecting it to go lower? Okay, that means you're bearish. Right away.
811 |810 |01:17:36 ~-~-> 01:17:42 |There's your two decisions. But now you have to ask yourself, is it the time for
812 |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
813 |812 |01:17:45 ~-~-> 01:17:51 |bullish on a market and not take a trade yet, because it's not the right time.
814 |813 |01:17:53 ~-~-> 01:17:56 |There's an out of session. There's a period of time between specific sessions
815 |814 |01:17:56 ~-~-> 01:18:01 |I'm not interested in trading. There are times when the market is very, very
816 |815 |01:18:01 ~-~-> 01:18:09 |liquid, and it's very fluid. Okay, this is not a fluid market. All these
817 |816 |01:18:09 ~-~-> 01:18:13 |candlesticks here, while they did deliver, and you watch me outline it
818 |817 |01:18:13 ~-~-> 01:18:16 |here in front of you, even though that it's something I admittedly wouldn't
819 |818 |01:18:16 ~-~-> 01:18:21 |want to trade this, we can still see what it's trying to do. And when you
820 |819 |01:18:21 ~-~-> 01:18:25 |start doing these things, and you think to yourself, Okay, well, it's
821 |820 |01:18:25 ~-~-> 01:18:29 |complicated. But then when you practice like this, and you start getting
822 |821 |01:18:29 ~-~-> 01:18:33 |successful at reading where it's trying to get to, it may not feel all that big
823 |822 |01:18:33 ~-~-> 01:18:37 |of a deal right now, but when it starts to happen in your own hands, and you
824 |823 |01:18:37 ~-~-> 01:18:40 |think, Oh, I was hoping it was going to trade here. I was watching and watching
825 |824 |01:18:40 ~-~-> 01:18:42 |and watching. I had a little bit of doubt it wasn't gonna get there. And all
826 |825 |01:18:42 ~-~-> 01:18:46 |wasn't going to get there, and all sudden, it did it. And that that
827 |826 |01:18:46 ~-~-> 01:18:49 |epiphany, that that moment of Wow, it really just did that. It feels good. And
828 |827 |01:18:49 ~-~-> 01:18:53 |you're going to want to talk to your friends and your spouse and say, you
829 |828 |01:18:53 ~-~-> 01:18:55 |know, they're not going to see it. They're not going to feel that same
830 |829 |01:18:55 ~-~-> 01:19:00 |moment of astonishment that you have. That are very small, micro points of
831 |830 |01:19:00 ~-~-> 01:19:04 |milestones in your progress, but they're essential, and you need to journal that,
832 |831 |01:19:04 ~-~-> 01:19:08 |and you need to cheerlead yourself, but stripping it down, you're just trying to
833 |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
834 |833 |01:19:12 ~-~-> 01:19:15 |seller, that means you're bearish. All you're looking for is a market that has
835 |834 |01:19:15 ~-~-> 01:19:21 |a clear, obvious, relative, equal low or a singular low, and the market has moved
836 |835 |01:19:21 ~-~-> 01:19:24 |in a manner that has proven its willingness to not want to go any
837 |836 |01:19:24 ~-~-> 01:19:33 |higher. Here's a high. It trades above it. How many times? Once, twice, three
838 |837 |01:19:33 ~-~-> 01:19:38 |times, and it goes to this high before it does the turnaround. That candlestick
839 |838 |01:19:38 ~-~-> 01:19:44 |is 355 so what is occurring at that 355, time, like, what behind the scene is
840 |839 |01:19:44 ~-~-> 01:19:51 |going on? That's the that's the market on clothes. It's the settlement macro.
841 |840 |01:19:51 ~-~-> 01:19:56 |It's it's where the last little piece of of volume getting shoved in the
842 |841 |01:19:56 ~-~-> 01:20:00 |marketplace, the algorithm is going to force traders to. It's not that them
843 |842 |01:20:00 ~-~-> 01:20:03 |selling and buying it. Okay, it's going to start spooling. What
844 |843 |01:20:04 ~-~-> 01:20:09 |does that mean? Spooling is kind of like if you're a fisherman and you have your
845 |844 |01:20:09 ~-~-> 01:20:15 |your lure and your sinker and hook on your fishing rod, and you cast the lure
846 |845 |01:20:15 ~-~-> 01:20:21 |out in the water as the fish in line leaves that reel. It's that's spooling
847 |846 |01:20:21 ~-~-> 01:20:26 |off the reel at the fishing line is going away from your rod. Okay. Well,
848 |847 |01:20:26 ~-~-> 01:20:30 |when price hit this high that we talked about before it happened, it trades up
849 |848 |01:20:30 ~-~-> 01:20:37 |to it and hits it. Once it hits it, the time element kicks in. I would have
850 |849 |01:20:37 ~-~-> 01:20:40 |liked to seen it spike up there. Admittedly, I would have liked to seen
851 |850 |01:20:40 ~-~-> 01:20:42 |that, because then I would have said, I'm going to look here. But you can
852 |851 |01:20:42 ~-~-> 01:20:45 |clearly see when we got down to this area, I said, Watch the consequent
853 |852 |01:20:45 ~-~-> 01:20:49 |encouragement of this wick. If the next candle would have opened up and traded
854 |853 |01:20:49 ~-~-> 01:20:53 |it into the midpoint of that, I would have said, Watch and see if it delivers
855 |854 |01:20:53 ~-~-> 01:20:57 |from here down to that cell side, because the macro is going to do what
856 |855 |01:20:57 ~-~-> 01:21:02 |it's going to seek, liquidity or inefficiency. So from up in the midpoint
857 |856 |01:21:02 ~-~-> 01:21:06 |of this wick here, what inefficiency would it have? We've already hit this
858 |857 |01:21:06 ~-~-> 01:21:09 |volume imbalance with this spike down in here, so it's not, it's not something it
859 |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
860 |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,
861 |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
862 |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
863 |862 |01:21:29 ~-~-> 01:21:35 |is doing is it forces, it literally forces traders to be impulsive. Oh no,
864 |863 |01:21:35 ~-~-> 01:21:39 |it's dropping. Let me get out of my trade. So what are they going to do?
865 |864 |01:21:39 ~-~-> 01:21:42 |They're going to sell, they're going to sell. They're going to sell not because
866 |865 |01:21:42 ~-~-> 01:21:46 |it's creating selling pressure that drives it lower the market is offering
867 |866 |01:21:46 ~-~-> 01:21:49 |lower prices and lower prices and lower prices. And it doesn't matter how many
868 |867 |01:21:49 ~-~-> 01:21:53 |people are coming in to buy it. It does not matter how many people are willing
869 |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
870 |869 |01:21:57 ~-~-> 01:22:02 |seller meeting together. That's it. It's a net some zero gain for every short
871 |870 |01:22:02 ~-~-> 01:22:05 |seller, there's got to be a buyer for the same amount of contracts, and then
872 |871 |01:22:05 ~-~-> 01:22:09 |you have that price booked. So if the algorithm is constantly going to school
873 |872 |01:22:09 ~-~-> 01:22:13 |going lower, that means it's offering lower prices constantly. It does not
874 |873 |01:22:13 ~-~-> 01:22:17 |matter if Warren Buffett came in here and tried to whale it in there. It's
875 |874 |01:22:18 ~-~-> 01:22:21 |going to go where it wants to go, because it's predetermined. And it's
876 |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
877 |876 |01:22:27 ~-~-> 01:22:31 |that want to wrestle with that. It doesn't matter. It doesn't matter if you
878 |877 |01:22:31 ~-~-> 01:22:34 |believe me. It doesn't matter if you believe there's an algorithm, but I'm
879 |878 |01:22:34 ~-~-> 01:22:38 |telling you, look for these. We'll call it patterns, because it's not a pattern
880 |879 |01:22:38 ~-~-> 01:22:43 |to me. But look for these types of patterns to repeat. If you don't like to
881 |880 |01:22:43 ~-~-> 01:22:51 |think there's an algorithm, just call it a pattern, okay? And this high
882 |881 |01:22:51 ~-~-> 01:22:56 |frequency, reoccurring phenomenon, okay, we'll call it that you don't want an
883 |882 |01:22:56 ~-~-> 01:23:03 |algorithm. Call it that it's there every single day. And when you start looking
884 |883 |01:23:03 ~-~-> 01:23:10 |at price like this, it takes away. It demystifies everything. Now true, when I
885 |884 |01:23:10 ~-~-> 01:23:14 |was on baby pips, I created this lore of mystery around you know what it was I
886 |885 |01:23:14 ~-~-> 01:23:18 |was doing, because I want, obviously draw a crowd, and I was successful in
887 |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
888 |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
889 |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
890 |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
891 |890 |01:23:35 ~-~-> 01:23:43 |certainly afford him the ability to grow at a pace that's reasonable, because I'm
892 |891 |01:23:43 ~-~-> 01:23:47 |starting with them with one PD array. See, if you're a student of just a
893 |892 |01:23:47 ~-~-> 01:23:52 |YouTube channel and not going through this mentorship, you have a question to
894 |893 |01:23:52 ~-~-> 01:23:55 |answer. First, you know which PD array you're going to use. And that's a
895 |894 |01:23:55 ~-~-> 01:23:59 |problem for some people, because they're indecisive. That's a problem just like
896 |895 |01:23:59 ~-~-> 01:24:07 |somebody being impulsive, just like somebody being a liar or a someone
897 |896 |01:24:07 ~-~-> 01:24:10 |that's fearful all the time, that's prone to be anxious. You know, they're
898 |897 |01:24:10 ~-~-> 01:24:15 |all character flaws. There's ways that you can compensate for those things, but
899 |898 |01:24:16 ~-~-> 01:24:20 |for the folks that have to be they, if you're indecisive, you have to determine
900 |899 |01:24:20 ~-~-> 01:24:24 |which PD Are you going to start with? You know, unless you're going through
901 |900 |01:24:24 ~-~-> 01:24:27 |this mentorship here, or you're going through like the silver bullet model for
902 |901 |01:24:28 ~-~-> 01:24:35 |Cameron, or if you're using the 2022, mentorships I made for my daughter,
903 |902 |01:24:37 ~-~-> 01:24:41 |those very specific things, you know, that's it's telling you, look at this
904 |903 |01:24:41 ~-~-> 01:24:45 |and look at nothing else. Well, here I'm teaching my son to use the fair value
905 |904 |01:24:45 ~-~-> 01:24:51 |gap, but he has to see some kind of attack on liquidity first. And there's a
906 |905 |01:24:51 ~-~-> 01:24:57 |joker on on Twitter to try to say, I'm teaching him, teaching my son his model,
907 |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
908 |907 |01:25:02 ~-~-> 01:25:06 |out of school and before you ever started trading, and all I'm doing is
909 |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
910 |909 |01:25:10 ~-~-> 01:25:14 |a very narrow range, like we just outlined today. That's all that is. And
911 |910 |01:25:14 ~-~-> 01:25:17 |then looking for a pool of liquidity or inefficient that it's going to draw to
912 |911 |01:25:17 ~-~-> 01:25:24 |based on the time and the underlying market structure, so I don't need to
913 |912 |01:25:24 ~-~-> 01:25:27 |copy something. And apparently you used to be a student of mine, so, or maybe
914 |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
915 |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
916 |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
917 |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
918 |917 |01:25:46 ~-~-> 01:25:50 |student. Okay? And I have so many other things I have never released before,
919 |918 |01:25:51 ~-~-> 01:25:56 |like you simply don't need everything that I've put on my YouTube channel, but
920 |919 |01:25:56 ~-~-> 01:26:02 |you have to decide on one thing, and by creating unique models, you can have a
921 |920 |01:26:02 ~-~-> 01:26:08 |little bit easier approach to saying what you want to focus on. But every one
922 |921 |01:26:08 ~-~-> 01:26:12 |of those PD arrays that I've shared, and no, not all, 81 of them have been
923 |922 |01:26:12 ~-~-> 01:26:17 |released, but the and I don't intend to release them either, but the idea of you
924 |923 |01:26:17 ~-~-> 01:26:21 |picking one to start with, it still takes you back to the same thing. Are
925 |924 |01:26:21 ~-~-> 01:26:26 |you a buyer or seller? The market's going to go whether you use a optimal
926 |925 |01:26:26 ~-~-> 01:26:30 |trade entry, if you use a fair value gap in inversion fair value gap, if you use
927 |926 |01:26:30 ~-~-> 01:26:34 |institutional orderful entry drill, if you use the consequent encroachment of
928 |927 |01:26:34 ~-~-> 01:26:39 |Wix to get into a trade, they're all entry mechanisms, but not every price
929 |928 |01:26:39 ~-~-> 01:26:44 |run has every single one of these PD arrays, which is why I taught my paid
930 |929 |01:26:44 ~-~-> 01:26:49 |students to have all those choices, because a well rounded student of price
931 |930 |01:26:49 ~-~-> 01:26:53 |action using the algorithmic principles I'm teaching you, which are smart money
932 |931 |01:26:53 ~-~-> 01:26:59 |concepts, those choices that are afforded to you because you know all
933 |932 |01:26:59 ~-~-> 01:27:05 |those PD arrays you can trade in any time frame, in any market, in any market
934 |933 |01:27:05 ~-~-> 01:27:09 |asset class. You can literally walk in the marketplace and say, Okay, I know
935 |934 |01:27:09 ~-~-> 01:27:14 |what I'm looking for, because here it is, and that's why you see jokers out
936 |935 |01:27:14 ~-~-> 01:27:19 |there saying, oh, ICT has got a cover for everything. Yes, I absolutely do,
937 |936 |01:27:20 ~-~-> 01:27:24 |absolutely. I don't know why that's a problem. I had a problem getting into
938 |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
939 |938 |01:27:28 ~-~-> 01:27:33 |lots of ways to get into trades. Because my my problem was I wanted to be in
940 |939 |01:27:33 ~-~-> 01:27:39 |every move. I wanted to be in everything. So I was a madman, and I
941 |940 |01:27:39 ~-~-> 01:27:44 |stripped down price, and I look for things that were doing, certain things
942 |941 |01:27:44 ~-~-> 01:27:48 |that you can't learn about, but I'm showing you in price action. So that way
943 |942 |01:27:48 ~-~-> 01:27:51 |you can see these things, these PD arrays, these little things that repeat,
944 |943 |01:27:52 ~-~-> 01:27:55 |if everything is there in price where it's going to go higher for inefficiency
945 |944 |01:27:55 ~-~-> 01:28:00 |or higher for buy stops, find the PD array that you're comfortable with, if
946 |945 |01:28:00 ~-~-> 01:28:03 |the if the PDA rate that you're looking for doesn't form, guess what that means?
947 |946 |01:28:03 ~-~-> 01:28:06 |You don't take the trade and you miss that run. And what does that mean for
948 |947 |01:28:06 ~-~-> 01:28:11 |you? Do you lose your mind over that? Are you getting upset and mad about
949 |948 |01:28:11 ~-~-> 01:28:18 |that? Why you were right about the direction? That's the progress. That's
950 |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
951 |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
952 |951 |01:28:24 ~-~-> 01:28:27 |go, and it probably went faster than you thought it was. And then you can say in
953 |952 |01:28:27 ~-~-> 01:28:32 |your journal, it was amazing to see how price just vaulted right to this level.
954 |953 |01:28:32 ~-~-> 01:28:35 |I'm so encouraged by that, because that means I'm seeing things on the right
955 |954 |01:28:35 ~-~-> 01:28:39 |side of the marketplace, and 99% of people out there, they don't do that.
956 |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
957 |956 |01:28:44 ~-~-> 01:28:48 |entry. You can't use these ultra small little stop losses. I gotta start making
958 |957 |01:28:48 ~-~-> 01:28:51 |my stop losses bigger just because I'm creating a,
959 |958 |01:28:52 ~-~-> 01:28:56 |you know, a fit, you know, a nervous tick in all of you like, somehow that's,
960 |959 |01:28:56 ~-~-> 01:29:00 |it's not, it's not good enough unless you have a stop loss like mine. But
961 |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
962 |961 |01:29:05 ~-~-> 01:29:09 |start using a wider stop loss in my examples, because I don't want you
963 |962 |01:29:09 ~-~-> 01:29:11 |thinking that you have to have that right now, and that's going to create a
964 |963 |01:29:11 ~-~-> 01:29:15 |problem for you, because you, if you want to go right into trading and think
965 |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
966 |965 |01:29:18 ~-~-> 01:29:22 |real fast with really small stop losses, and you're always going to get the right
967 |966 |01:29:22 ~-~-> 01:29:25 |direction, and you're always you're not listening to me, because I'm telling you
968 |967 |01:29:25 ~-~-> 01:29:29 |that's not going to happen. It takes time these assholes out there that want
969 |968 |01:29:29 ~-~-> 01:29:33 |to try to twist things around because they want the attention, they want to
970 |969 |01:29:33 ~-~-> 01:29:36 |sell something, they want to encourage their buddies to do paid mentorships.
971 |970 |01:29:36 ~-~-> 01:29:41 |Okay? All that stuff. You don't need to pay for any mentorship. There's so many
972 |971 |01:29:41 ~-~-> 01:29:47 |people out there on YouTube, okay, that don't even trade with my stuff. They
973 |972 |01:29:47 ~-~-> 01:29:52 |trade in front of their their audience, okay? They may not be perfect. They may
974 |973 |01:29:52 ~-~-> 01:29:58 |not be. You know what I would view as worth putting money behind. But if
975 |974 |01:29:59 ~-~-> 01:30:04 |you're comfortable. Watching them. Don't watch my stuff. I'm not going to troll
976 |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
977 |976 |01:30:07 ~-~-> 01:30:12 |going to do that, but I will say that your shit is bullshit and that it's
978 |977 |01:30:12 ~-~-> 01:30:16 |substandard and subpar, and it can't even come close to this. And I proved
979 |978 |01:30:16 ~-~-> 01:30:20 |that today. Every single time I sit on a live stream, I tell you every single
980 |979 |01:30:20 ~-~-> 01:30:24 |candlestick. That's because I want you to see what it looks like, how it
981 |980 |01:30:24 ~-~-> 01:30:28 |behaves, what should it do? What shouldn't it do? All those things that's
982 |981 |01:30:28 ~-~-> 01:30:32 |building a narrative. Nobody was talking about a narrative in price action, and
983 |982 |01:30:32 ~-~-> 01:30:36 |so I started teaching in private mentorship. Everything in the industry
984 |983 |01:30:36 ~-~-> 01:30:40 |has changed because of that. And that's not a brag, that's not me beating my
985 |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.
986 |985 |01:30:44 ~-~-> 01:30:48 |That's why you're seeing so many more profitable traders in the world. They
987 |986 |01:30:48 ~-~-> 01:30:53 |may not do everything that my my concepts have brought to the industry,
988 |987 |01:30:53 ~-~-> 01:30:58 |but certain ideas of how to look for certain types of profiles, how the
989 |988 |01:30:58 ~-~-> 01:31:01 |market will behave, not market profile with volume and all that other stuff,
990 |989 |01:31:01 ~-~-> 01:31:07 |but how it should deliver price make the low of the day first and then close on
991 |990 |01:31:07 ~-~-> 01:31:11 |the high. Oh, that's easy. That's a classic buy day. But then there's other
992 |991 |01:31:11 ~-~-> 01:31:15 |market profiles that tell you that it will consolidate in the first part of
993 |992 |01:31:15 ~-~-> 01:31:19 |the day and in the afternoon, it gives you a price run. Okay, what's it going
994 |993 |01:31:19 ~-~-> 01:31:22 |to do? It can consolidate all morning, through the lunch what's it going to
995 |994 |01:31:22 ~-~-> 01:31:24 |reach for later in the afternoon? Well, if you don't know what the weekly and
996 |995 |01:31:24 ~-~-> 01:31:28 |the daily is likely to reach for, you won't know that. But if you do know
997 |996 |01:31:28 ~-~-> 01:31:31 |those things that you know that the consolidation might just go through the
998 |997 |01:31:31 ~-~-> 01:31:35 |lunch period and then the lunch consolidation, they'll drop it down
999 |998 |01:31:35 ~-~-> 01:31:39 |below. When it's bullish, they'll drop it down, engage the sell side, and then
1000 |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
1001 |1000 |01:31:43 ~-~-> 01:31:48 |those market profiles that I teach in the latter months, I apologize. I simply
1002 |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
1003 |1002 |01:31:54 ~-~-> 01:31:58 |playlist that is. I apologize, but it's, it's in the latter months. I think it
1004 |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
1005 |1004 |01:32:05 ~-~-> 01:32:12 |want to tell you one and it be wrong. But the the day trading stuff, where I
1006 |1005 |01:32:12 ~-~-> 01:32:17 |teach very specific daily profiles, just like on short term trading, I teach
1007 |1006 |01:32:17 ~-~-> 01:32:22 |weekly profiles how to look at a weekly range and how it behaves and how it will
1008 |1007 |01:32:22 ~-~-> 01:32:26 |perform. It takes a lot of experience to do that, so don't think you're gonna
1009 |1008 |01:32:26 ~-~-> 01:32:29 |watch those videos. And I knew how the next week's gonna paint, because you
1010 |1009 |01:32:29 ~-~-> 01:32:33 |have to understand the economic calendar, what week we're in on, what
1011 |1010 |01:32:33 ~-~-> 01:32:36 |month of the year, what seasonal tendencies. And I have a lady that left
1012 |1011 |01:32:36 ~-~-> 01:32:43 |me a comment, can I show how I overlay and adjust my seasonal tendency charts.
1013 |1012 |01:32:43 ~-~-> 01:32:47 |Seasonal tendency charts are static charts. They're not something that I can
1014 |1013 |01:32:47 ~-~-> 01:32:52 |change or augment, and they come from Steve Moore. From more research. You can
1015 |1014 |01:32:52 ~-~-> 01:32:57 |google him. He has the best work on seasonal tendencies. He has the absolute
1016 |1015 |01:32:57 ~-~-> 01:33:02 |best it's the best service you can have for seasonal tendencies. I do not get
1017 |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
1018 |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
1019 |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
1020 |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
1021 |1020 |01:33:20 ~-~-> 01:33:24 |anyone misunderstanding that the seasonal tendencies, even though they
1022 |1021 |01:33:24 ~-~-> 01:33:28 |are as good as they are, and I believe in them, they're not panaceas. That
1023 |1022 |01:33:28 ~-~-> 01:33:32 |means that they're not a be all, end all answer. It doesn't mean that just
1024 |1023 |01:33:32 ~-~-> 01:33:36 |because price is likely to go down over the next month and a half that it will.
1025 |1024 |01:33:36 ~-~-> 01:33:40 |It just means that if you have the technicals behind it, and you're
1026 |1025 |01:33:40 ~-~-> 01:33:45 |entering that time when it's likely to go lower. That chart helps you to trust
1027 |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
1028 |1027 |01:33:50 ~-~-> 01:33:53 |or more. And they're really nice times to trade. If you look at through his
1029 |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,
1030 |1029 |01:33:58 ~-~-> 01:34:03 |and just take a look at some of his charts. I just, I got them two times.
1031 |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
1032 |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
1033 |1032 |01:34:18 ~-~-> 01:34:25 |want to look at a 15 year versus, you know, a 40 year tendency. He gives you
1034 |1033 |01:34:25 ~-~-> 01:34:28 |these two lines that look like moving averages. And you want to look at the
1035 |1034 |01:34:28 ~-~-> 01:34:34 |seasonal tendencies that have both of those time measurements of what that
1036 |1035 |01:34:34 ~-~-> 01:34:39 |commodity or that instrument, because he has it for every market, how they're
1037 |1036 |01:34:39 ~-~-> 01:34:44 |agreeing where they'll both aggressively go lower for a period of time throughout
1038 |1037 |01:34:44 ~-~-> 01:34:47 |the year. He shows you a whole calendar year at the bottom, like a like a chart
1039 |1038 |01:34:48 ~-~-> 01:34:53 |from January to December. And what I have taught and what I've done with my
1040 |1039 |01:34:53 ~-~-> 01:34:56 |own trading is I focus on times when both the short term seasonal tendency
1041 |1040 |01:34:56 ~-~-> 01:35:03 |and the long term agree, and they're moving the. Same direction. If you're
1042 |1041 |01:35:03 ~-~-> 01:35:07 |short, when it's both the long term and the intermediate term, short term,
1043 |1042 |01:35:07 ~-~-> 01:35:11 |seasonal tendencies, if they're agreeing, you're going to find that they
1044 |1043 |01:35:11 ~-~-> 01:35:14 |are many times the low resistance liquidity run signatures in price that
1045 |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,
1046 |1045 |01:35:18 ~-~-> 01:35:24 |you can basically plan when your biggest volume of trades are going to enter by
1047 |1046 |01:35:24 ~-~-> 01:35:27 |using a seasonal seasonal tendency. But one of the wonderful things that I
1048 |1047 |01:35:27 ~-~-> 01:35:33 |learned was when the seasonal tendency isn't panning out, that used to make me
1049 |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
1050 |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
1051 |1050 |01:35:46 ~-~-> 01:35:51 |it means it's wildly bullish. So when I changed my stance and said, Okay, I'm
1052 |1051 |01:35:51 ~-~-> 01:35:54 |going to look for longs technically, because there's a seasonal tenancy right
1053 |1052 |01:35:54 ~-~-> 01:35:57 |now that says it shows supposedly going lower right now, both the short term and
1054 |1053 |01:35:57 ~-~-> 01:36:00 |the long term. Seasonal tendency for coffee at this moment says for the next
1055 |1054 |01:36:00 ~-~-> 01:36:06 |five weeks or month and a half, it should be bearish, but price just ain't
1056 |1055 |01:36:06 ~-~-> 01:36:10 |going down. Ain't going down. Okay, well, then I'm going to look for
1057 |1056 |01:36:10 ~-~-> 01:36:14 |something technical. I'm going to wait for a price run higher, and then I'm
1058 |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
1059 |1058 |01:36:18 ~-~-> 01:36:24 |keep adding to it, I will, and you'll see that that many times outperforms
1060 |1059 |01:36:24 ~-~-> 01:36:28 |what the seasonal tendency would have been had it delivered. Because it's
1061 |1060 |01:36:28 ~-~-> 01:36:32 |telling you something that's against the grain. So you have to be you have to be
1062 |1061 |01:36:33 ~-~-> 01:36:37 |receptive to that, and you need to be able to be receptive to the things in
1063 |1062 |01:36:37 ~-~-> 01:36:43 |price action. When you're watching every individual candlestick, doing these
1064 |1063 |01:36:43 ~-~-> 01:36:47 |types of exercises, even if you don't know exactly what you're doing in in the
1065 |1064 |01:36:47 ~-~-> 01:36:50 |beginning, everybody feels that way. When you were in chemistry, when you
1066 |1065 |01:36:50 ~-~-> 01:36:55 |were taking physics in school, in higher math courses, it all was hard, right
1067 |1066 |01:36:55 ~-~-> 01:37:00 |until you understood what it is you're doing. This is no different. You just
1068 |1067 |01:37:00 ~-~-> 01:37:04 |got to keep showing up every single day and apply yourself. Don't spend
1069 |1068 |01:37:04 ~-~-> 01:37:07 |anything, you know, in terms of gross amount of time, because you'll burn
1070 |1069 |01:37:07 ~-~-> 01:37:11 |yourself out. You'll get tired of hearing me, and it's the worst thing in
1071 |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
1072 |1071 |01:37:14 ~-~-> 01:37:19 |to you're not going to retain anything. It's going to frustrate you. And you
1073 |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.
1074 |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
1075 |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
1076 |1075 |01:37:33 ~-~-> 01:37:39 |balance. And if you spend too much time studying my stuff, you'll fizzle out,
1077 |1076 |01:37:39 ~-~-> 01:37:42 |you'll lose energy, you'll lose energy. You'll lose interest, because it's just
1078 |1077 |01:37:43 ~-~-> 01:37:46 |going to bog you down. It's very dry material, so schedule how much time you
1079 |1078 |01:37:46 ~-~-> 01:37:50 |spend with it, and then when you spend time away from it, doing your other
1080 |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
1081 |1080 |01:37:54 ~-~-> 01:37:57 |interesting. And you're going to want to come back to studying. When you start
1082 |1081 |01:37:57 ~-~-> 01:38:01 |reading price correctly, and you start seeing these little moments where you're
1083 |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
1084 |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
1085 |1084 |01:38:13 ~-~-> 01:38:16 |the repeating phenomenon and seeing how, man, that would have been an
1086 |1085 |01:38:16 ~-~-> 01:38:21 |opportunity, I can see how I could have used that. That's what you're constantly
1087 |1086 |01:38:21 ~-~-> 01:38:25 |looking for. You're constantly looking for that type of setup. I have lots of
1088 |1087 |01:38:25 ~-~-> 01:38:30 |them. I have something for every single one of you. It may not be the very first
1089 |1088 |01:38:30 ~-~-> 01:38:33 |things you start with. It may not be this mentorship with the fair value guy,
1090 |1089 |01:38:33 ~-~-> 01:38:38 |but it's not just a fair value guy. I'm teaching you other things. Caleb, these
1091 |1090 |01:38:38 ~-~-> 01:38:42 |other things are going to help you find the right fair value guy.
1092 |1091 |01:38:43 ~-~-> 01:38:51 |That's that's the default, the the byproduct, or if you will, of doing this
1093 |1092 |01:38:51 ~-~-> 01:38:56 |holistic approach to understanding how price is booked. Knowing these things
1094 |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
1095 |1094 |01:39:01 ~-~-> 01:39:05 |at the other PD arrays, and you're like, Well, I understand how that might fit. I
1096 |1095 |01:39:05 ~-~-> 01:39:09 |don't use a institutional order flow entry drill. But now I can see I've
1097 |1096 |01:39:09 ~-~-> 01:39:12 |watched fair value gaps enough. Now I can see, oh, yeah, that must have been
1098 |1097 |01:39:12 ~-~-> 01:39:16 |one of those institutional order entry drills. And the only way you're going to
1099 |1098 |01:39:16 ~-~-> 01:39:21 |know an institutional order flow entry drill is likely to be the entry and not
1100 |1099 |01:39:21 ~-~-> 01:39:24 |closing that fair value gap is when you see price action not fill fair value
1101 |1100 |01:39:24 ~-~-> 01:39:29 |gaps, and you're going to discover that you're in low resistance liquidity runs,
1102 |1101 |01:39:29 ~-~-> 01:39:33 |when those institutional info entry drills form because they don't form in
1103 |1102 |01:39:33 ~-~-> 01:39:39 |high resistance liquidity runs. Oh, but see, you can't appreciate that if I say
1104 |1103 |01:39:39 ~-~-> 01:39:42 |it to you because you haven't studied the difference between this type of
1105 |1104 |01:39:42 ~-~-> 01:39:46 |price delivery here, all of this run here, where we can clearly see what it
1106 |1105 |01:39:46 ~-~-> 01:39:50 |was reaching for. I mean, if we were in a classroom right now, and I said, raise
1107 |1106 |01:39:50 ~-~-> 01:39:55 |your hand if you were impressed with how it was possible for us as a group to
1108 |1107 |01:39:55 ~-~-> 01:40:00 |watch and see how price was going to reach for these individual levels. I. I
1109 |1108 |01:40:00 ~-~-> 01:40:03 |would say, raise your hand if you were impressed by the ability using this
1110 |1109 |01:40:03 ~-~-> 01:40:06 |concept of watching price and what is it reaching for? How we can go right to
1111 |1110 |01:40:06 ~-~-> 01:40:09 |these very specific candles and understand that the market will want to
1112 |1111 |01:40:09 ~-~-> 01:40:16 |go to them for the Express purposes of delivering for liquidity sake, where it
1113 |1112 |01:40:16 ~-~-> 01:40:22 |fires once this candlestick hit this candlestick high, right there any
1114 |1113 |01:40:22 ~-~-> 01:40:27 |liquidity at that price. Every one of those orders become, what a market order
1115 |1114 |01:40:28 ~-~-> 01:40:34 |to do, what to be a buyer at the market? Why would that be useful? Because if
1116 |1115 |01:40:34 ~-~-> 01:40:40 |anyone was long here, they have to have liquidity to sell to so when this
1117 |1116 |01:40:40 ~-~-> 01:40:45 |algorithm books price to that tick right there at that high, anything at that
1118 |1117 |01:40:45 ~-~-> 01:40:52 |candlesticks high, or any one of these here that buy stop becomes a market
1119 |1118 |01:40:52 ~-~-> 01:40:59 |order to buy at the market. Every order, every order that trips, is a market
1120 |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
1121 |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
1122 |1121 |01:41:08 ~-~-> 01:41:16 |tripped right now, that's liquidity. I don't care about the split above old
1123 |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
1124 |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
1125 |1124 |01:41:25 ~-~-> 01:41:29 |math or any other instrument out there says how many orders are resting. I
1126 |1125 |01:41:29 ~-~-> 01:41:31 |don't care about level two data that says this order, because they're all
1127 |1126 |01:41:31 ~-~-> 01:41:37 |spoofed. Every big, large institution can put those numbers out there when
1128 |1127 |01:41:37 ~-~-> 01:41:41 |we're trading away from it, and they're going to try to lure traders in there.
1129 |1128 |01:41:41 ~-~-> 01:41:45 |It's a manipulation. Why am I going to look at something I know can be
1130 |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
1131 |1130 |01:41:49 ~-~-> 01:41:53 |see me use any of that information describing what you just watched today?
1132 |1131 |01:41:53 ~-~-> 01:41:56 |No, I didn't use any of that stuff doing those trades that worked circles around
1133 |1132 |01:41:56 ~-~-> 01:42:03 |everybody else today on the social media. I guarantee you no one put down
1134 |1133 |01:42:03 ~-~-> 01:42:09 |those numbers. No one put down those numbers today. Nobody did period. But I
1135 |1134 |01:42:09 ~-~-> 01:42:15 |can do that every single day, even in ugly days. But it's not important for
1136 |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
1137 |1136 |01:42:19 ~-~-> 01:42:24 |it's not like this. And when the ranges, the individual candlesticks are a lot
1138 |1137 |01:42:24 ~-~-> 01:42:29 |more liquid and fluid, they just run real far and they leave gaps, and it
1139 |1138 |01:42:29 ~-~-> 01:42:32 |runs to pools of liquidity. They're obvious and easy to see in the
1140 |1139 |01:42:32 ~-~-> 01:42:37 |marketplace, because that's important to be able to observe that. As soon as you
1141 |1140 |01:42:37 ~-~-> 01:42:43 |can start to observe that, you'll know when the market's really nice, and it's
1142 |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
1143 |1142 |01:42:48 ~-~-> 01:42:52 |for it like this, that's the that's the surest sign to drop your leverage down
1144 |1143 |01:42:52 ~-~-> 01:42:57 |to just one micro lot, because chances are you're about to lose money that day.
1145 |1144 |01:42:59 ~-~-> 01:43:03 |But you don't want to hear that. Students of mine don't want to hear that
1146 |1145 |01:43:03 ~-~-> 01:43:07 |people out there that just want to come here and sample from my table and get
1147 |1146 |01:43:07 ~-~-> 01:43:10 |some things for their mentorship. They don't want to hear that. They're never
1148 |1147 |01:43:10 ~-~-> 01:43:13 |going to tell their students that. But I'm telling you that's exactly how you
1149 |1148 |01:43:13 ~-~-> 01:43:18 |progress and you learn properly, because you want to be in these environments
1150 |1149 |01:43:18 ~-~-> 01:43:22 |like this, watching price, because that's what makes you better. That's why
1151 |1150 |01:43:22 ~-~-> 01:43:27 |I know everything about what price is likely to do, because I've seen 32 years
1152 |1151 |01:43:27 ~-~-> 01:43:34 |of it. I've watched these candlesticks paint. I've worn my eyes out looking at
1153 |1152 |01:43:34 ~-~-> 01:43:41 |them. And I know what this algorithm clearly look at it, look Come on. Come
1154 |1153 |01:43:41 ~-~-> 01:43:45 |on. You admit it. Now either I'm really, really good at reading price action and
1155 |1154 |01:43:45 ~-~-> 01:43:50 |buying and selling pressure, which to me, is an impossible feat, because how
1156 |1155 |01:43:50 ~-~-> 01:43:53 |can I know how many people are going to be buying and selling? How can I know
1157 |1156 |01:43:53 ~-~-> 01:43:56 |that nobody could know that the algorithm itself doesn't even know how
1158 |1157 |01:43:56 ~-~-> 01:43:58 |many stops are above or below these highs and lows. They don't. It doesn't
1159 |1158 |01:43:58 ~-~-> 01:44:07 |know that, but it doesn't need to know that, if you're playing baseball, and
1160 |1159 |01:44:07 ~-~-> 01:44:11 |the batter behind you hits hits the ball, and it's going it looks like it's
1161 |1160 |01:44:11 ~-~-> 01:44:15 |going to go out into the into the stands, and you're the only player on on
1162 |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
1163 |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?
1164 |1163 |01:44:27 ~-~-> 01:44:32 |Chances are, yeah, two of them, an umpire and the catcher. That's something
1165 |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
1166 |1165 |01:44:37 ~-~-> 01:44:41 |action, you're going to start seeing these things that repeat all the time,
1167 |1166 |01:44:41 ~-~-> 01:44:45 |and they're always going to be there. There's very specific, generic things.
1168 |1167 |01:44:47 ~-~-> 01:44:54 |Some of them are going to be so much more impactful for you as a trader, that
1169 |1168 |01:44:54 ~-~-> 01:45:00 |are going to be less impactful or more significant to others. But. Don't try to
1170 |1169 |01:45:00 ~-~-> 01:45:03 |compare notes. In that regard, when you're brand new, you don't know what
1171 |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
1172 |1171 |01:45:06 ~-~-> 01:45:10 |students being able to talk, and they say, oh, you know, he's running on a
1173 |1172 |01:45:10 ~-~-> 01:45:14 |cult. He doesn't want the people talking. Because if you're if you're
1174 |1173 |01:45:15 ~-~-> 01:45:20 |deaf, dumb and blind, okay, and you're being taught something, and the person
1175 |1174 |01:45:20 ~-~-> 01:45:24 |next to you is deaf, dumb and blind too. How are you going to help that person
1176 |1175 |01:45:24 ~-~-> 01:45:27 |that's the blind leading the blind, and your confusion could be contagious to
1177 |1176 |01:45:27 ~-~-> 01:45:30 |the person next to you that never had that concern, and now they like, oh,
1178 |1177 |01:45:30 ~-~-> 01:45:34 |yeah, I never thought about that. That's a problem. Now, no, it's not. You should
1179 |1178 |01:45:34 ~-~-> 01:45:39 |be isolated in your own study, in your own journal. That's your laboratory.
1180 |1179 |01:45:40 ~-~-> 01:45:46 |Monster lab is in your journal. That's where it's that's where the real
1181 |1180 |01:45:46 ~-~-> 01:45:51 |learning takes place. What you find as a barrier, how you formulate these
1182 |1181 |01:45:51 ~-~-> 01:45:55 |barriers, and how you overcome them, that occurs in that journal. Because you
1183 |1182 |01:45:55 ~-~-> 01:45:58 |can hold yourself back with all the toxic would have, thinking, I never do
1184 |1183 |01:45:58 ~-~-> 01:46:02 |this, right? It should have happened sooner. Yeah, watch this video. ICT is a
1185 |1184 |01:46:02 ~-~-> 01:46:05 |scammer. I should have knew better. I should have never put this much time
1186 |1185 |01:46:05 ~-~-> 01:46:11 |into this stuff. Nobody's making money with ICT stuff when you know that that's
1187 |1186 |01:46:11 ~-~-> 01:46:16 |not true, but you're just looking for an excuse not to study, not to be diligent
1188 |1187 |01:46:16 ~-~-> 01:46:23 |about it, but by having an understanding of what this looks like here, all this
1189 |1188 |01:46:24 ~-~-> 01:46:29 |back and forth price action. Yes, it's delivering where we were looking for
1190 |1189 |01:46:29 ~-~-> 01:46:36 |every single one of these individual buy stops, every single one of them were
1191 |1190 |01:46:36 ~-~-> 01:46:45 |hit. But when you have a very fluid delivery of price action where the
1192 |1191 |01:46:45 ~-~-> 01:46:49 |market's just really sweeping with its runs higher and lower, and it creates
1193 |1192 |01:46:49 ~-~-> 01:46:53 |these really nice, easy separations between the candles. You're not seeing
1194 |1193 |01:46:53 ~-~-> 01:46:57 |that here, but it's not impossible to trade. But would you want to trade in an
1195 |1194 |01:46:57 ~-~-> 01:47:04 |environment like this between this high and this high down here, would you want
1196 |1195 |01:47:04 ~-~-> 01:47:07 |to trade in that environment or something that's a lot more opened up
1197 |1196 |01:47:07 ~-~-> 01:47:12 |between every individual candlestick? Clearly, this, this looks probably hard
1198 |1197 |01:47:12 ~-~-> 01:47:17 |to you, and if you think and feel that way, that's normal. That's exactly how
1199 |1198 |01:47:17 ~-~-> 01:47:21 |you should identify it. It doesn't mean it doesn't mean it's impossible to read
1200 |1199 |01:47:21 ~-~-> 01:47:24 |it. It doesn't mean it's impossible to trade it. It just means that this is
1201 |1200 |01:47:24 ~-~-> 01:47:29 |going to require a lot more skill than you have right now at the moment. And as
1202 |1201 |01:47:29 ~-~-> 01:47:33 |I opened this session up, I told you that this is an environment where I'm
1203 |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
1204 |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
1205 |1204 |01:47:44 ~-~-> 01:47:47 |this live stream, but I was also honest in telling you exactly how the this
1206 |1205 |01:47:47 ~-~-> 01:47:51 |thing was going to deliver these buy stops. And went right to them. Period
1207 |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
1208 |1207 |01:47:54 ~-~-> 01:48:01 |area. I did really want to see that, but the sell side down here, I failed right
1209 |1208 |01:48:01 ~-~-> 01:48:05 |there too, because it didn't give me what that little bump up in the
1210 |1209 |01:48:05 ~-~-> 01:48:10 |consequence. But had it done that, I would have been peacocking. But you got
1211 |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
1212 |1211 |01:48:13 ~-~-> 01:48:16 |your own, you would say it was fascinating to see how it went above
1213 |1212 |01:48:16 ~-~-> 01:48:21 |this high here. And it took that liquidity and it created, you know,
1214 |1213 |01:48:21 ~-~-> 01:48:25 |small, little, short term highs that reached over here inside of the dealing
1215 |1214 |01:48:25 ~-~-> 01:48:32 |range, from those highs here down to the low here. But can you see now how, when
1216 |1215 |01:48:32 ~-~-> 01:48:36 |you look at my executions, and you see how my exits and my entries are always
1217 |1216 |01:48:36 ~-~-> 01:48:38 |at the lows in the highs,
1218 |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
1219 |1218 |01:48:43 ~-~-> 01:48:47 |I'm teaching you all the time. The liquidity here, I know when it drives
1220 |1219 |01:48:47 ~-~-> 01:48:53 |down below that, chances are we're going to still gravitate around that blue
1221 |1220 |01:48:59 ~-~-> 01:49:02 |pair of lines. That's this, buy something down, sell some efficiency
1222 |1221 |01:49:02 ~-~-> 01:49:05 |over here, because that's it's just hanging around you. So it's going to
1223 |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
1224 |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
1225 |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
1226 |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
1227 |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
1228 |1227 |01:49:25 ~-~-> 01:49:30 |build support on all these individual levels here, inside this biosynthetic
1229 |1228 |01:49:30 ~-~-> 01:49:35 |balance, cell sign efficiency that's been graded? Sure it does and it gets
1230 |1229 |01:49:35 ~-~-> 01:49:41 |above it here, we want to see it come back down and touch this high, which is
1231 |1230 |01:49:41 ~-~-> 01:49:44 |this, candles low, right there. That's the high, this buy side of balance, cell
1232 |1231 |01:49:44 ~-~-> 01:49:49 |sign efficiency. And then it starts working its way up to this buy side. And
1233 |1232 |01:49:51 ~-~-> 01:49:55 |then when we watch the tank down here, I said, now watch and see, do we start
1234 |1233 |01:49:55 ~-~-> 01:49:59 |taking out this high? And we mapped out every new, dynamic buy side liquidity
1235 |1234 |01:49:59 ~-~-> 01:50:03 |pool. And I told you, these highs are factored in, and these are only being
1236 |1235 |01:50:03 ~-~-> 01:50:09 |factored is because, as you take out the dynamic high that's going to frame the
1237 |1236 |01:50:09 ~-~-> 01:50:14 |new buy side that's building constantly above it, you're going to have to look
1238 |1237 |01:50:14 ~-~-> 01:50:19 |inside the range here. So every little short term high and any efficiency,
1239 |1238 |01:50:19 ~-~-> 01:50:23 |that's where your eye goes to in the beginning, you're going to feel like you
1240 |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,
1241 |1240 |01:50:26 ~-~-> 01:50:31 |that's normal. But watching my examples and watching how I analyze the charts
1242 |1241 |01:50:31 ~-~-> 01:50:36 |and even the old videos, now, with you studying it like this, they're all going
1243 |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
1244 |1243 |01:50:39 ~-~-> 01:50:44 |I get people from my 2016 mentorship group that tell me that they have such
1245 |1244 |01:50:44 ~-~-> 01:50:49 |an epiphany now their level of understanding has really clicked just in
1246 |1245 |01:50:49 ~-~-> 01:50:54 |the two months that we've been doing this. Because I'm taking you into things
1247 |1246 |01:50:54 ~-~-> 01:50:58 |that are very specific, but what they don't realize it's just because they
1248 |1247 |01:50:58 ~-~-> 01:51:01 |spent more time looking in the charts and some of other students that are
1249 |1248 |01:51:01 ~-~-> 01:51:06 |brand new that usually these, these are the comments that I I block you when you
1250 |1249 |01:51:06 ~-~-> 01:51:10 |say these things, this is you're just making it confusing, or I'm confused. If
1251 |1250 |01:51:10 ~-~-> 01:51:13 |you want to make those comments, trust me, I'm never going to see another
1252 |1251 |01:51:13 ~-~-> 01:51:17 |comment from that to me, is someone that's complaining. If you're
1253 |1252 |01:51:17 ~-~-> 01:51:22 |complaining, that means you're not studying, because if you're studying,
1254 |1253 |01:51:22 ~-~-> 01:51:26 |you're going to find the answers. These videos sometimes are very, very long,
1255 |1254 |01:51:26 ~-~-> 01:51:31 |but they're also answering a plethora of questions that I know that are building
1256 |1255 |01:51:31 ~-~-> 01:51:37 |up. And every question you have may not get answered in the next five or six
1257 |1256 |01:51:37 ~-~-> 01:51:40 |videos you watch, but you'll have more learning and more foundation. And then
1258 |1257 |01:51:40 ~-~-> 01:51:45 |sometimes you get the you get your own answer in your own charts. And that's a
1259 |1258 |01:51:45 ~-~-> 01:51:48 |really good feeling, because if you're watching price and you're and you're
1260 |1259 |01:51:48 ~-~-> 01:51:52 |studying around certain ideas and characteristics that I'm teaching you
1261 |1260 |01:51:52 ~-~-> 01:51:57 |that tend to repeat every single day, when it happens in your own hands,
1262 |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
1263 |1262 |01:51:59 ~-~-> 01:52:03 |minute. It can't be real. I did that really happen. And then eventually
1264 |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
1265 |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
1266 |1265 |01:52:14 ~-~-> 01:52:21 |video beforehand, but because your study, you observed it. That's progress
1267 |1266 |01:52:21 ~-~-> 01:52:25 |when they occur, you should celebrate that in your journal. You should really
1268 |1267 |01:52:25 ~-~-> 01:52:28 |feel good about that and really cheerlead it. It doesn't mean go on
1269 |1268 |01:52:28 ~-~-> 01:52:32 |social media and tell everybody you think that would be impressed by that,
1270 |1269 |01:52:32 ~-~-> 01:52:34 |because they're not going to be impressed with that. And that's not
1271 |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
1272 |1271 |01:52:37 ~-~-> 01:52:40 |that big of a deal. Don't invite the social media into your journal. Don't
1273 |1272 |01:52:40 ~-~-> 01:52:44 |invite social media in your progress period. I'm not staying on Twitter. I'm
1274 |1273 |01:52:44 ~-~-> 01:52:48 |over there just to fan the flames. That's all. I'm having fun doing it, but
1275 |1274 |01:52:48 ~-~-> 01:52:54 |nonetheless, it's my playground. But you shouldn't do those types of things that
1276 |1275 |01:52:54 ~-~-> 01:52:57 |that's not essential. It's actually not good for you. But because I'm setting my
1277 |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
1278 |1277 |01:53:00 ~-~-> 01:53:06 |tricks. Okay, you don't, you're you're trying to find yourself as a trader.
1279 |1278 |01:53:06 ~-~-> 01:53:09 |You're trying to find yourself as an individual and how you're going to
1280 |1279 |01:53:09 ~-~-> 01:53:13 |engage with these markets. And you want to remove any chance of any toxicity,
1281 |1280 |01:53:14 ~-~-> 01:53:20 |any kind of influence, whether it be initially thought as as good or bad. And
1282 |1281 |01:53:20 ~-~-> 01:53:24 |when you find your model, don't even expect me to chime in on the market
1283 |1282 |01:53:24 ~-~-> 01:53:27 |you're trading, because I'll mess you up. Because I have all kinds of models.
1284 |1283 |01:53:27 ~-~-> 01:53:30 |I could be doing all kinds of things. Clearly today, look at what I was doing
1285 |1284 |01:53:30 ~-~-> 01:53:33 |today. I'm certain I haven't gone through Twitter, but I'm certain I have
1286 |1285 |01:53:33 ~-~-> 01:53:36 |students that probably will show me examples of where they actually executed
1287 |1286 |01:53:36 ~-~-> 01:53:39 |and did similar things. And then there will be others out there saying I took
1288 |1287 |01:53:39 ~-~-> 01:53:42 |the exact same trade, but they're never sharing that. So unless you're willing
1289 |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
1290 |1289 |01:53:46 ~-~-> 01:53:49 |do it, you're going to feel real embarrassed. But there's going to be
1291 |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
1292 |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
1293 |1292 |01:53:56 ~-~-> 01:54:02 |anything. I'm doing exactly what I teach. We're working with price action.
1294 |1293 |01:54:02 ~-~-> 01:54:07 |We're trading inside of ideas that tend to repeat over and over and over again,
1295 |1294 |01:54:07 ~-~-> 01:54:11 |but the first primary function is price is not going to move until it's time for
1296 |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
1297 |1296 |01:54:17 ~-~-> 01:54:22 |facts. They paint it like I painted it today. They ain't explaining it to you.
1298 |1297 |01:54:22 ~-~-> 01:54:28 |They're talking all this nonsense, nonsense. I'm going to tell you why that
1299 |1298 |01:54:28 ~-~-> 01:54:31 |candlesticks going to do it. I'm going to tell you why that candlestick
1300 |1299 |01:54:31 ~-~-> 01:54:37 |shouldn't do it. And that logic is going to repeat every fucking day, every week.
1301 |1300 |01:54:37 ~-~-> 01:54:45 |It ain't going to change, because it's scripted, unless the hand comes in and
1302 |1301 |01:54:45 ~-~-> 01:54:50 |physically manipulates it. That's manual intervention. That means everything goes
1303 |1302 |01:54:50 ~-~-> 01:54:55 |out the window. Nobody's nobody's able to foresee that. Nobody does have that
1304 |1303 |01:54:55 ~-~-> 01:54:59 |ability. When they go in there and they manipulate price and they just say,
1305 |1304 |01:54:59 ~-~-> 01:55:03 |Okay, it's time. For this thing to move 150 handles, because something just
1306 |1305 |01:55:03 ~-~-> 01:55:07 |happened around the world. We used to have surprise rate cuts and rate
1307 |1306 |01:55:07 ~-~-> 01:55:11 |announcements increases. We used to have that. Some of you don't even know what
1308 |1307 |01:55:11 ~-~-> 01:55:16 |that is, but it would cause the market like, what the hell just happened? Oh
1309 |1308 |01:55:16 ~-~-> 01:55:20 |yeah, the Fed just said, Well, you're surprised. We're going to do a 50 basis
1310 |1309 |01:55:20 ~-~-> 01:55:23 |point cut, or we're going to raise interest rates a full basis point. Where
1311 |1310 |01:55:23 ~-~-> 01:55:30 |the hell that come from? Yeah, you got it easy right now. You got it real easy.
1312 |1311 |01:55:30 ~-~-> 01:55:34 |Everything's going by the TV Guide, which is that calendar, but you have to
1313 |1312 |01:55:34 ~-~-> 01:55:37 |be aware of what's going on around the world, because things are about to pop
1314 |1313 |01:55:37 ~-~-> 01:55:42 |off, and your whole world is going to change like that, and you're going to
1315 |1314 |01:55:42 ~-~-> 01:55:45 |see it visually represented in these charts, because it's going to look like
1316 |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,
1317 |1316 |01:55:51 ~-~-> 01:55:54 |we're going to get hurt. That's an underlying risk that you have to be
1318 |1317 |01:55:54 ~-~-> 01:56:00 |aware of. And nobody's talking about that as a mentor, but I am, and they can
1319 |1318 |01:56:00 ~-~-> 01:56:03 |call me a Chicken Little all they want, but who's been calling this shit since
1320 |1319 |01:56:03 ~-~-> 01:56:07 |2016 I told you Trump was going to be president. I told you they're going to
1321 |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
1322 |1321 |01:56:11 ~-~-> 01:56:14 |and it was going to affect everywhere.
1323 |1322 |01:56:19 ~-~-> 01:56:24 |So a lot of stuff. I said, just look at those, those old videos or recordings on
1324 |1323 |01:56:24 ~-~-> 01:56:27 |YouTube. I don't put my Twitter spaces on my channel, but you can find them
1325 |1324 |01:56:28 ~-~-> 01:56:31 |just do a search on YouTube. There's several channels out there that are
1326 |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,
1327 |1326 |01:56:36 ~-~-> 01:56:42 |I'm batting 1000 in geopolitical crap. I can read the tea leaves because I have
1328 |1327 |01:56:42 ~-~-> 01:56:47 |faith, and this stuff's already been pre written, and that's what I'm using, that
1329 |1328 |01:56:47 ~-~-> 01:56:52 |prayer and discernment within the markets we have static things, things
1330 |1329 |01:56:52 ~-~-> 01:56:58 |that tend to repeat because they're designed to be this way. And when you
1331 |1330 |01:56:58 ~-~-> 01:57:04 |have things that are visible, that you can measure statistically in
1332 |1331 |01:57:04 ~-~-> 01:57:10 |probability, that it tends to repeat on this day, tends to do these types of
1333 |1332 |01:57:10 ~-~-> 01:57:15 |things. This time of day, it tends to do this thing. And when you have these
1334 |1333 |01:57:15 ~-~-> 01:57:20 |expectations in price, and it's not doing that, it's telling you something.
1335 |1334 |01:57:20 ~-~-> 01:57:23 |It's telling you that it's not doing what it normally would be expected to be
1336 |1335 |01:57:23 ~-~-> 01:57:30 |doing at that time. And there's so many examples of that in my mentorship that I
1337 |1336 |01:57:30 ~-~-> 01:57:33 |could talk for six more hours. And somebody would love for that to happen,
1338 |1337 |01:57:33 ~-~-> 01:57:36 |but I don't want to, because I've already talked longer than I should. It
1339 |1338 |01:57:36 ~-~-> 01:57:40 |never, it never works out like I wanted to, like I've never been able to come
1340 |1339 |01:57:40 ~-~-> 01:57:42 |out here and just do these really short ones I don't have the ability to do
1341 |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
1342 |1341 |01:57:45 ~-~-> 01:57:53 |with you. ICT talk, baby talk, get that podcast going be. The takeaway is this,
1343 |1342 |01:57:53 ~-~-> 01:57:57 |while this might not be something you would trade, and I, admittedly, I was
1344 |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
1345 |1344 |01:58:01 ~-~-> 01:58:06 |do. And that is not failure, that's not being fearful, that's you seeing me tell
1346 |1345 |01:58:06 ~-~-> 01:58:13 |you in advance, this is a tight, not, not, not a very fluid market, so that
1347 |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
1348 |1347 |01:58:18 ~-~-> 01:58:21 |to say chop, because it's not choppy. Everything. Here is a rhyme and reason.
1349 |1348 |01:58:21 ~-~-> 01:58:25 |When somebody says, Oh, the CHOP is real, that's what they're saying,
1350 |1349 |01:58:25 ~-~-> 01:58:29 |because they don't know what the fuck is going on. They have no idea what prices.
1351 |1350 |01:58:29 ~-~-> 01:58:32 |Don't they clearly do not know if they are saying, Oh, is this really choppy?
1352 |1351 |01:58:32 ~-~-> 01:58:35 |And I have students, I have students that are live streamers that will say,
1353 |1352 |01:58:35 ~-~-> 01:58:39 |Oh, is this really choppy? That just means they haven't learned this part
1354 |1353 |01:58:39 ~-~-> 01:58:44 |yet. They will. They'll get better at it. But if you feel the impulse to say
1355 |1354 |01:58:44 ~-~-> 01:58:50 |that, don't stop saying those words. Stop saying them audibly. Stop thinking
1356 |1355 |01:58:50 ~-~-> 01:58:54 |it. Do not use those words. Oh, that's getting real choppy in here. Oh, the
1357 |1356 |01:58:54 ~-~-> 01:58:59 |Marcus is really choppy. Don't do that. Don't do that, because what you're doing
1358 |1357 |01:58:59 ~-~-> 01:59:05 |is subconsciously, you're giving yourself an excuse because you're
1359 |1358 |01:59:05 ~-~-> 01:59:12 |expecting to be right about right now. And you have to relinquish your death
1360 |1359 |01:59:12 ~-~-> 01:59:17 |grip on the marketplace and say, You know what, what's it going to reach for?
1361 |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
1362 |1361 |01:59:22 ~-~-> 01:59:27 |for? Where are my inefficiencies? Well, if there's a lack of any inefficiency,
1363 |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
1364 |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
1365 |1364 |01:59:35 ~-~-> 01:59:39 |the charts off. But while you're learning, don't do that. You want to be
1366 |1365 |01:59:39 ~-~-> 01:59:44 |looking at the market when it looks like it's hard, because that's going to be
1367 |1366 |01:59:44 ~-~-> 01:59:47 |how you recognize when you're in a market, when you think it starts off in
1368 |1367 |01:59:47 ~-~-> 01:59:50 |a day, at 930 the bell rings. Everybody's chomping at the bit. There
1369 |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
1370 |1369 |01:59:54 ~-~-> 02:00:00 |be a wonderfully easy trading day. Not every single trading day, it. A
1371 |1370 |02:00:00 ~-~-> 02:00:03 |profitable day for a new student. That's not true. And anybody tells you that
1372 |1371 |02:00:03 ~-~-> 02:00:06 |they're blowing smoke up your ass, that is a lie, just like the people that tell
1373 |1372 |02:00:06 ~-~-> 02:00:10 |you you need to learn how to trade with real money, even if it's $100 account,
1374 |1373 |02:00:10 ~-~-> 02:00:15 |that's fucking bullshit. I promise you, these people can't consistently go out
1375 |1374 |02:00:15 ~-~-> 02:00:18 |in front they won't go live stream, and they won't tell you anything about the
1376 |1375 |02:00:18 ~-~-> 02:00:22 |market before it happens. They won't do that. They'll do a lot of jawboning, but
1377 |1376 |02:00:22 ~-~-> 02:00:25 |I'm giving you principles of what you're focusing on. So while I might talk a
1378 |1377 |02:00:25 ~-~-> 02:00:32 |lot, I'm giving you tons of diamond dust. This is stuff that I had to lose
1379 |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,
1380 |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
1381 |1380 |02:00:42 ~-~-> 02:00:48 |with it more time than I should have. And some of you don't want to listen,
1382 |1381 |02:00:49 ~-~-> 02:00:54 |and I don't want you Caleb, doing that stupid, because your progress will be
1383 |1382 |02:00:54 ~-~-> 02:00:59 |much longer than it needs to be if you resist this stuff, if you go through the
1384 |1383 |02:00:59 ~-~-> 02:01:05 |process of saying, You know what, every day is a price action study day, even if
1385 |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
1386 |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.
1387 |1386 |02:01:15 ~-~-> 02:01:19 |Look what the chats are in live streams when there is choppy conditions, when
1388 |1387 |02:01:19 ~-~-> 02:01:23 |it's doing things that's not real fast market. You'll hear them all, bitch and
1389 |1388 |02:01:23 ~-~-> 02:01:26 |Moon. Well, you'll see them actually, you won't hear them. They'll say, oh and
1390 |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
1391 |1390 |02:01:31 ~-~-> 02:01:36 |wonderful opportunity for you to dig in, because they're going to always be
1392 |1391 |02:01:36 ~-~-> 02:01:38 |stagnant in their progress. They're never going to make it any better,
1393 |1392 |02:01:38 ~-~-> 02:01:42 |because they're going to gamble on every single day, until they realize, okay,
1394 |1393 |02:01:42 ~-~-> 02:01:46 |the markets beat me today, versus you being able to read it and say, oh, yeah,
1395 |1394 |02:01:46 ~-~-> 02:01:50 |this is doing what I need to sit still. Strip it down to where's the
1396 |1395 |02:01:50 ~-~-> 02:01:53 |inefficiencies? If I don't see any inefficiencies, okay, focus on where's
1397 |1396 |02:01:53 ~-~-> 02:01:57 |the stops. And it's going to be basically a ping pong. It takes the sell
1398 |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
1399 |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
1400 |1399 |02:02:02 ~-~-> 02:02:07 |not going to go a straight line, even when it barcodes, it's still taking
1401 |1400 |02:02:07 ~-~-> 02:02:11 |minor buy side and sell side. And that's still a study that's worthwhile, because
1402 |1401 |02:02:11 ~-~-> 02:02:17 |what that does, it reassures the the person that's insecure inside you as a
1403 |1402 |02:02:17 ~-~-> 02:02:22 |trader that you're trying to protect from hurting you, hurting them rather. I
1404 |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
1405 |1404 |02:02:27 ~-~-> 02:02:32 |it wrong. I'm going to protect them wrong, absolutely wrong. You need to be
1406 |1405 |02:02:32 ~-~-> 02:02:35 |out here and roll your sleeves up and feel what it feels like to be
1407 |1406 |02:02:35 ~-~-> 02:02:39 |uncomfortable when the market's not doing what you want it to do, and if you
1408 |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
1409 |1408 |02:02:44 ~-~-> 02:02:47 |it was on baby pits. Because I didn't want to teach people on baby pits, this
1410 |1409 |02:02:47 ~-~-> 02:02:52 |stuff. I didn't want to do that. That's what makes me good at reading price.
1411 |1410 |02:02:52 ~-~-> 02:02:55 |That's what makes me good at putting myself in at the highs and the lows.
1412 |1411 |02:02:55 ~-~-> 02:02:58 |That's what makes me good at being a pick the daily low and getting out the
1413 |1412 |02:02:58 ~-~-> 02:03:03 |highs. That's what makes me good at that, because I went through all the mud
1414 |1413 |02:03:04 ~-~-> 02:03:10 |of watching when it's ugly and nobody wants to be in that stuff. Fast markets,
1415 |1414 |02:03:11 ~-~-> 02:03:14 |easy, fast runs, oh man, give me that. And as soon as they can punch the clock
1416 |1415 |02:03:14 ~-~-> 02:03:20 |and get out and run away from the markets, they're doing it, not me. I was
1417 |1416 |02:03:20 ~-~-> 02:03:24 |in there until it closed, and I'd be up all night long, looking at it on
1418 |1417 |02:03:24 ~-~-> 02:03:28 |blowbacks. I'd be there constantly looking at these markets overnight,
1419 |1418 |02:03:28 ~-~-> 02:03:33 |watching the currency futures, watching the Swiss Franc and the Deutsche Mark,
1420 |1419 |02:03:35 ~-~-> 02:03:40 |looking at all this stuff, taking in new information, wrestling with
1421 |1420 |02:03:40 ~-~-> 02:03:45 |uncertainties. But the constant things that I would observe are the things that
1422 |1421 |02:03:45 ~-~-> 02:03:53 |I teach. These things are constants. They're not variables. And you have to
1423 |1422 |02:03:53 ~-~-> 02:03:57 |be constant about how you think about yourself and what you're trying to do if
1424 |1423 |02:03:57 ~-~-> 02:04:02 |you are constantly like a variable, you know what you're trying to trade. You're
1425 |1424 |02:04:02 ~-~-> 02:04:04 |always trying to pick a new PD array. You're always waiting for me to teach
1426 |1425 |02:04:04 ~-~-> 02:04:11 |something new. The only thing that's being introduced new is an entry
1427 |1426 |02:04:11 ~-~-> 02:04:16 |mechanism. Everything is still the same. The market's going to go up based on the
1428 |1427 |02:04:16 ~-~-> 02:04:20 |same principles. The market's going to go down over the same principles. The
1429 |1428 |02:04:20 ~-~-> 02:04:26 |only thing that's changing, the only thing that's morphing and becoming more
1430 |1429 |02:04:26 ~-~-> 02:04:30 |information, is that I'm teaching new entry mechanisms. That's all. That's
1431 |1430 |02:04:30 ~-~-> 02:04:34 |only thing that's been it's been added to that core content. That's the only
1432 |1431 |02:04:34 ~-~-> 02:04:38 |thing that's happened. But some of you, because you've been studying a little
1433 |1432 |02:04:38 ~-~-> 02:04:44 |while, you feel like you have learned something entirely new. Everything I'm
1434 |1433 |02:04:44 ~-~-> 02:04:49 |teaching here is everything I taught in core content. Everything is there. The
1435 |1434 |02:04:49 ~-~-> 02:04:53 |only difference is, is you have a little bit more experience, and now, oh, I just
1436 |1435 |02:04:53 ~-~-> 02:04:56 |had that moment that I told you, if you keep pushing at it, you'll eventually
1437 |1436 |02:04:56 ~-~-> 02:04:59 |have that moment of astonishment, that epiphany that I finally got, the AHA.
1438 |1437 |02:05:00 ~-~-> 02:05:05 |Own it, and then suddenly you knew how to trade, suddenly knew what your model
1439 |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
1440 |1439 |02:05:08 ~-~-> 02:05:11 |strangle the trade. You'll have all these things figured out. But that
1441 |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
1442 |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
1443 |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
1444 |1443 |02:05:23 ~-~-> 02:05:26 |then the second one's less, the third one's less. And then they'll say, Well,
1445 |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
1446 |1445 |02:05:29 ~-~-> 02:05:32 |know all these things, or you're not going to be fucking successful. That's
1447 |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
1448 |1447 |02:05:36 ~-~-> 02:05:41 |know everything that I know. I don't want him to have a one trick pony.
1449 |1448 |02:05:41 ~-~-> 02:05:48 |Approach, silver bullet, that's a one trick pony. Cameron's model, that's a
1450 |1449 |02:05:48 ~-~-> 02:05:53 |one trick pony. My daughter 2022 mentorship, that's a one trick pony.
1451 |1450 |02:05:53 ~-~-> 02:05:58 |Optimal trade entry, that's a one trick pony. You're trapped in that, and if
1452 |1451 |02:05:58 ~-~-> 02:06:01 |it's not fitting you or your personality, you're going to struggle.
1453 |1452 |02:06:03 ~-~-> 02:06:08 |But I would toss those out there, because I know some people may gravitate
1454 |1453 |02:06:08 ~-~-> 02:06:12 |to that, but the real students are going to go through this one first, the 2024
1455 |1454 |02:06:13 ~-~-> 02:06:16 |because this is where the rubber meets the road. You're in the trenches out
1456 |1455 |02:06:16 ~-~-> 02:06:17 |here in real price action. Live with me
1457 |1456 |02:06:19 ~-~-> 02:06:24 |and the things I point to it's happening, why it's going to do certain
1458 |1457 |02:06:24 ~-~-> 02:06:28 |things, it's happening. And no one can say anything about that. They can't
1459 |1458 |02:06:28 ~-~-> 02:06:31 |argue it's exactly what it is. That's why I said I could, literally, I could
1460 |1459 |02:06:31 ~-~-> 02:06:36 |do this on CNBC. They could have a a 15 minute spot where, you know, pick
1461 |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
1462 |1461 |02:06:41 ~-~-> 02:06:46 |any other market, ICTs markets, okay, and I could be out there. I probably get
1463 |1462 |02:06:46 ~-~-> 02:06:52 |even richer doing that. I give them ratings. You'd watch me. Don't fucking
1464 |1463 |02:06:52 ~-~-> 02:06:55 |lie. You watch me. You damn right, you watching me. I get my little sound
1465 |1464 |02:06:55 ~-~-> 02:06:58 |buzzer buttons over there, bye, bye, bye, sell, sell, sell. But it'd be me
1466 |1465 |02:06:58 ~-~-> 02:07:02 |saying all the words that you don't like hearing me say little beeps, beep, beep,
1467 |1466 |02:07:02 ~-~-> 02:07:09 |beep, cussing, F bombs. But anyway, I'm rambling now, but that's why I'm a
1468 |1467 |02:07:09 ~-~-> 02:07:12 |rambling I want you guys to think about what I showed you here today. You don't
1469 |1468 |02:07:12 ~-~-> 02:07:16 |need to listen to all this part, but watch the part of what we were looking
1470 |1469 |02:07:16 ~-~-> 02:07:20 |at, how price was booking, how it was delivering, and reaching for those buy
1471 |1470 |02:07:20 ~-~-> 02:07:25 |stops. Okay? I just remembered what I was saying earlier, and I didn't finish
1472 |1471 |02:07:25 ~-~-> 02:07:31 |my thought. When price is inside of inefficiencies like fair value gaps or
1473 |1472 |02:07:31 ~-~-> 02:07:37 |volume imbalances, I don't want to see price stay in them. If you notice that
1474 |1473 |02:07:37 ~-~-> 02:07:42 |the market's staying inside of inefficiencies, you have to take a step
1475 |1474 |02:07:42 ~-~-> 02:07:46 |back, because now what you're what you're seeing is time distortion. That
1476 |1475 |02:07:46 ~-~-> 02:07:50 |means the algorithm is in a holding pattern. It's not going to move fast,
1477 |1476 |02:07:50 ~-~-> 02:07:54 |it's not going to do something crazy and squirrely. It's just simply going to
1478 |1477 |02:07:54 ~-~-> 02:07:57 |keep grinding sideways. You're going to hear Patrick wheeling and the people
1479 |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
1480 |1479 |02:08:03 ~-~-> 02:08:06 |t shirt. Patrick, get a t shirt. The chop is real. You'll probably make money
1481 |1480 |02:08:06 ~-~-> 02:08:12 |off of that. But when you see people do that, what they're saying is, is, I
1482 |1481 |02:08:12 ~-~-> 02:08:16 |don't know what the hell's going on, and they they're frustrated, but I'm
1483 |1482 |02:08:16 ~-~-> 02:08:20 |teaching you take a step back and say, Okay, where are the inefficiencies? If
1484 |1483 |02:08:20 ~-~-> 02:08:25 |there's no inefficiencies, and it's staying inside of the only inefficiency
1485 |1484 |02:08:25 ~-~-> 02:08:29 |that's around price right now during this time, that means the market's in a
1486 |1485 |02:08:29 ~-~-> 02:08:33 |holding pattern. Markets are simply being controlled and held in time
1487 |1486 |02:08:33 ~-~-> 02:08:37 |distortion, meaning it's just marking time. It's not meant to make a new range
1488 |1487 |02:08:37 ~-~-> 02:08:42 |high, which would take that short term high out here, or take that low out
1489 |1488 |02:08:42 ~-~-> 02:08:47 |here, until it did it. Once it did it, what time of day is it happening during
1490 |1489 |02:08:47 ~-~-> 02:08:56 |the 250, to 310, macro? See that it's about price? No, it's about time,
1491 |1490 |02:08:56 ~-~-> 02:09:02 |motherfucker. So it drops down, sell sides taken during my macro and then,
1492 |1491 |02:09:02 ~-~-> 02:09:07 |because it took sell side first, and we're in a consolidating market, the
1493 |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
1494 |1493 |02:09:11 ~-~-> 02:09:15 |this inefficiency. So where is what's the focus at this high just like I told
1495 |1494 |02:09:15 ~-~-> 02:09:21 |you during the live stream. So took sell side first. It's reasonable to expect it
1496 |1495 |02:09:21 ~-~-> 02:09:25 |to appear. It did it. And then I outlined every individual one up here,
1497 |1496 |02:09:25 ~-~-> 02:09:28 |all that high right there, and that high. Look at the high of that
1498 |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
1499 |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
1500 |1499 |02:09:38 ~-~-> 02:09:47 |this, this value here, the H, that's this price right there, 19,005 five, 1.7
1501 |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
1502 |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
1503 |1502 |02:10:06 ~-~-> 02:10:13 |above it, tags it, and they become what a market order to flood the market with
1504 |1503 |02:10:13 ~-~-> 02:10:18 |willing buyers at a high price, which is exactly what smart money would do by
1505 |1504 |02:10:18 ~-~-> 02:10:21 |being a buyer of these sell stops down here. They want to offload it above this
1506 |1505 |02:10:21 ~-~-> 02:10:25 |high. They want to offload it above this high, above this high, above this high,
1507 |1506 |02:10:25 ~-~-> 02:10:30 |and then finally, hit it there. And then, what does it do at 355 during the
1508 |1507 |02:10:30 ~-~-> 02:10:36 |350 to four o'clock macro? That's the settlement macro. Market unclosed
1509 |1508 |02:10:36 ~-~-> 02:10:42 |settlement macro. It spools. And what's it spool for? Opposing liquidity. What
1510 |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
1511 |1510 |02:10:48 ~-~-> 02:10:53 |side that's scripted. It has absolutely nothing. It has all to do with buying
1512 |1511 |02:10:53 ~-~-> 02:10:56 |and selling pressure. And the sooner you start looking at price like this, and
1513 |1512 |02:10:56 ~-~-> 02:11:00 |you strip it down to when are these moves occurring, that's the main thing
1514 |1513 |02:11:00 ~-~-> 02:11:04 |you should be focusing on the time these things form. Don't listen to these broke
1515 |1514 |02:11:04 ~-~-> 02:11:08 |fucks that don't know what the fuck they're talking about. They have no idea
1516 |1515 |02:11:08 ~-~-> 02:11:10 |what they're talking about. I promise you, they don't know what they're
1517 |1516 |02:11:10 ~-~-> 02:11:13 |talking about. They like to talk and below the eight like they do, but they
1518 |1517 |02:11:13 ~-~-> 02:11:19 |have absolutely no idea what the hell's going on. I was in there buying and
1519 |1518 |02:11:19 ~-~-> 02:11:22 |selling all fucking day long, up down, up down, up down, all over the place,
1520 |1519 |02:11:22 ~-~-> 02:11:30 |smashing it, and that's still nothing, that's nothing, that's nothing, that's
1521 |1520 |02:11:30 ~-~-> 02:11:34 |literally nothing. And when you understand this, you can do exactly what
1522 |1521 |02:11:34 ~-~-> 02:11:38 |I did today. You can do what I did today. Every single one of you, they're
1523 |1522 |02:11:38 ~-~-> 02:11:43 |learning how to do this. What I did today. It's in your hands, and it's
1524 |1523 |02:11:44 ~-~-> 02:11:48 |something that I believe every student of mine can do that, but you have to
1525 |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
1526 |1525 |02:11:52 ~-~-> 02:11:57 |first year. You won't do it in your first five years, but eventually you'll
1527 |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
1528 |1527 |02:12:00 ~-~-> 02:12:05 |trade without a bias. You don't need a bias. But because I'm an educator, I
1529 |1528 |02:12:05 ~-~-> 02:12:09 |teach people to focus on certain things, because the bias is obvious, so it's
1530 |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
1531 |1530 |02:12:12 ~-~-> 02:12:17 |started trading, it was me buying in a bullish market. Well, shit anytime it
1532 |1531 |02:12:17 ~-~-> 02:12:20 |was oversold, and I was buying it because the stochastics crossover, it
1533 |1532 |02:12:20 ~-~-> 02:12:24 |was going up, and that's not skill, but that's what you see still today on
1534 |1533 |02:12:24 ~-~-> 02:12:26 |social media. When they do something, right? They have no idea why it
1535 |1534 |02:12:26 ~-~-> 02:12:29 |happened, but they want to say it's skill. And they go online, they brag
1536 |1535 |02:12:29 ~-~-> 02:12:35 |about it. I'm showing you something that is in totally different it's technical
1537 |1536 |02:12:35 ~-~-> 02:12:39 |science, and it does you don't like it if you if you're selling something, if
1538 |1537 |02:12:39 ~-~-> 02:12:43 |you're trying to get attention, it's not using this information here or don't
1539 |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.
1540 |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
1541 |1540 |02:12:55 ~-~-> 02:12:59 |know. It ain't changing what my students can do. Nothing's going to get as good
1542 |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
1543 |1542 |02:13:03 ~-~-> 02:13:08 |step to this. No one. I've been begging for it for years, and still, Man, you
1544 |1543 |02:13:09 ~-~-> 02:13:12 |ain't never gonna see somebody out there explain this. And Al Brooks is keeps
1545 |1544 |02:13:12 ~-~-> 02:13:23 |being brought up. And I simply cannot stress it enough, I don't use his stuff.
1546 |1545 |02:13:24 ~-~-> 02:13:30 |Okay? Tom who guard, who I like, his mentor was this guy, Al Brooks. And I
1547 |1546 |02:13:30 ~-~-> 02:13:34 |asked them point blank. I said, Listen, I had a guy say, you know, I'm teaching
1548 |1547 |02:13:34 ~-~-> 02:13:37 |al Brooks stuff. He goes, No, Michael, I've seen what you're doing. And that's
1549 |1548 |02:13:37 ~-~-> 02:13:40 |not, that's not, nowhere near the same. I'm not saying go harass Tom hoogard,
1550 |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
1551 |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
1552 |1551 |02:13:49 ~-~-> 02:13:53 |and start watching his stuff, because I don't have the time to be watching other
1553 |1552 |02:13:53 ~-~-> 02:13:56 |people's bullshit. Nothing against the man. I'm sure he's a, probably a nice
1554 |1553 |02:13:56 ~-~-> 02:14:00 |guy, but I'm certain that there's nothing what I'm doing, you're not going
1555 |1554 |02:14:00 ~-~-> 02:14:03 |to find it somewhere else. You're not going to do that. You might have
1556 |1555 |02:14:03 ~-~-> 02:14:06 |similarities. Oh, it looks like this. It looks like that. It's not the same
1557 |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
1558 |1557 |02:14:13 ~-~-> 02:14:17 |elements. And there's also a lot of things that I've done in the past that
1559 |1558 |02:14:17 ~-~-> 02:14:20 |have absolutely no bearing on anything I've taught because I can't teach that
1560 |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
1561 |1560 |02:14:26 ~-~-> 02:14:30 |taught, and that's what you think it is when I'm doing really good trades like
1562 |1561 |02:14:30 ~-~-> 02:14:34 |today. You think that was enigma. I facetiously ridden my private mentorship
1563 |1562 |02:14:34 ~-~-> 02:14:39 |students last night, so I think I would turn the Enigma loose today. That was
1564 |1563 |02:14:39 ~-~-> 02:14:43 |not enigma. That was just discretionary trading, buying and selling without a
1565 |1564 |02:14:43 ~-~-> 02:14:47 |bias, and that's something that you can do using the information I teach on this
1566 |1565 |02:14:47 ~-~-> 02:14:49 |channel. You absolutely can do it. But here's the thing,
1567 |1566 |02:14:51 ~-~-> 02:14:56 |you have to go through the process of watching what you think is ugly,
1568 |1567 |02:14:57 ~-~-> 02:15:03 |baseless, aimless, choppy price. Action. That's how you get good. Because if you
1569 |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
1570 |1569 |02:15:07 ~-~-> 02:15:10 |say Oh. It's just, it's just chopping around. It's just, it's just hurting
1571 |1570 |02:15:10 ~-~-> 02:15:15 |people. It's, it's marking time. That's all it's doing. It's building sentiment.
1572 |1571 |02:15:15 ~-~-> 02:15:20 |That's exactly what the algorithm is doing. That's all it is doing, meaning
1573 |1572 |02:15:20 ~-~-> 02:15:24 |it's just staying in a predetermined range, this high and that low. It'll
1574 |1573 |02:15:24 ~-~-> 02:15:27 |just bang around around, this inefficiency that's shaded in the blue
1575 |1574 |02:15:27 ~-~-> 02:15:31 |lines. It'll hang around there, but it's not going to go on a straight line
1576 |1575 |02:15:31 ~-~-> 02:15:35 |sideways. It's still going to go to very minor buy side and sell side. So what
1577 |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
1578 |1577 |02:15:41 ~-~-> 02:15:47 |what spool into liquidity. Which side did it take? First, sell side. So you
1579 |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
1580 |1579 |02:15:51 ~-~-> 02:15:55 |that? Is that complicated? You're telling me that that's a complication,
1581 |1580 |02:15:55 ~-~-> 02:15:58 |because if you think that's complicated, trading is not for you, man, because
1582 |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
1583 |1582 |02:16:03 ~-~-> 02:16:06 |taken sell side, or it's taken sell side, and they're taking buy side.
1584 |1583 |02:16:07 ~-~-> 02:16:11 |That's not some Joker's model. That's just simply looking for the first side
1585 |1584 |02:16:11 ~-~-> 02:16:15 |of the market taken, then the other side is going to be aggressively moved on,
1586 |1585 |02:16:16 ~-~-> 02:16:21 |meaning that the sell side was taken first the time of day when the market
1587 |1586 |02:16:21 ~-~-> 02:16:25 |should start running around. Okay, well, 250 to three o'clock, do we start seeing
1588 |1587 |02:16:25 ~-~-> 02:16:31 |the market reach for the buy side? Then, yep, during the 315 to 345 we're
1589 |1588 |02:16:31 ~-~-> 02:16:38 |creating buy side here. The market drops down, disrupts this area here. What is
1590 |1589 |02:16:38 ~-~-> 02:16:43 |that opposing? Because it took the buy side here, right there, on that rung. So
1591 |1590 |02:16:43 ~-~-> 02:16:48 |this high is taken there, and then it drops down, taking that short turn,
1592 |1591 |02:16:48 ~-~-> 02:16:52 |little low at then it rallies up, and in one good time, deeper. Why? Because this
1593 |1592 |02:16:52 ~-~-> 02:16:56 |was a little too shallow, and it was this old inefficiencies high that blue
1594 |1593 |02:16:56 ~-~-> 02:17:00 |line. So it's going to dig a little bit deeper. Did it touch the consequent
1595 |1594 |02:17:00 ~-~-> 02:17:08 |encroachment level? No, no. So what did I teach you if it doesn't touch my PD
1596 |1595 |02:17:08 ~-~-> 02:17:13 |arrays, if it doesn't hit them, if it fails to trade them, is that giving you
1597 |1596 |02:17:13 ~-~-> 02:17:17 |any information you're fucking right? It does. It doesn't go down and touch it.
1598 |1597 |02:17:17 ~-~-> 02:17:21 |So that means it's really bullish. It's not bearish. It's going to go where
1599 |1598 |02:17:21 ~-~-> 02:17:25 |another level of buy side. That's why I'm telling you this high, this high.
1600 |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
1601 |1600 |02:17:28 ~-~-> 02:17:32 |honest with you, I really wanted to see this little candlestick and just touch
1602 |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
1603 |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
1604 |1603 |02:17:38 ~-~-> 02:17:42 |that it's a struggling point for some of you. Nobody knows what the price.
1605 |1604 |02:17:42 ~-~-> 02:17:45 |Michael fucking Huddleston knows exactly what the fucking price is going to do. I
1606 |1605 |02:17:45 ~-~-> 02:17:49 |know exactly what it's going to do. Okay? In case you haven't noticed it,
1607 |1606 |02:17:49 ~-~-> 02:17:53 |okay, I went out there a few months ago and I trolled these motherfuckers. Okay?
1608 |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
1609 |1608 |02:17:56 ~-~-> 02:18:02 |to do. And you fucking clowns believe it. You're literally going around in my
1610 |1609 |02:18:02 ~-~-> 02:18:05 |comment section and other people. Oh, he went out there. He tried to fail
1611 |1610 |02:18:05 ~-~-> 02:18:09 |miserably, dude. Are you fucking serious? Look at the fuck I'm doing out
1612 |1611 |02:18:09 ~-~-> 02:18:13 |here. I'm calling every individual candlestick, and then I'm executing on
1613 |1612 |02:18:13 ~-~-> 02:18:17 |and showing you exactly what the fuck is going on. Come on, cook my ass. Get the
1614 |1613 |02:18:17 ~-~-> 02:18:25 |fuck out of here, bro. So if you start looking at price around times that I'm
1615 |1614 |02:18:25 ~-~-> 02:18:33 |teaching you, every single hour, every single hour, there's a 20 minute macro.
1616 |1615 |02:18:34 ~-~-> 02:18:39 |Now, certain hours of the day are not going to be all that energetic. They're
1617 |1616 |02:18:39 ~-~-> 02:18:43 |not designed to be energetic, but they're going to be checks and balances
1618 |1617 |02:18:43 ~-~-> 02:18:51 |that disrupt or entice a little bit of sentiment or purpose for bringing in the
1619 |1618 |02:18:51 ~-~-> 02:18:58 |liquidity that's all. Do you think that the 1050 to 11:10pm, Eastern Standard
1620 |1619 |02:18:58 ~-~-> 02:19:04 |times macro is going to be as impactful than the 750, to 8:10pm, Eastern Time
1621 |1620 |02:19:05 ~-~-> 02:19:09 |macro, that's Asian session stuff. Okay, I'm telling you about the weakest time
1622 |1621 |02:19:09 ~-~-> 02:19:13 |of the day, the shittiest time of day. I'm not interested in that, but for the
1623 |1622 |02:19:13 ~-~-> 02:19:19 |folks, they're just working class hero guys like I was when I came up. You work
1624 |1623 |02:19:19 ~-~-> 02:19:21 |all day long, you come home, you hurry up and get something to eat after you
1625 |1624 |02:19:21 ~-~-> 02:19:24 |get a shower, and you're like, Okay, I want to see what the markets are doing.
1626 |1625 |02:19:24 ~-~-> 02:19:28 |You want to trade Forex, or you want to trade the indices when they open back up
1627 |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
1628 |1627 |02:19:32 ~-~-> 02:19:36 |away. Don't do that around seven o'clock, see if it wants to overlap over
1629 |1628 |02:19:36 ~-~-> 02:19:41 |top that New Day opening gap. But when we get into eight o'clock. That means
1630 |1629 |02:19:41 ~-~-> 02:19:47 |750 to 810, that's a nice little area to anticipate. That eight o'clock macro,
1631 |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
1632 |1631 |02:19:54 ~-~-> 02:19:58 |really nice, and you can take a little bit of a small little piece out of the
1633 |1632 |02:19:58 ~-~-> 02:20:01 |marketplace, in every market, whether. It be a Forex payer. If you're going to
1634 |1633 |02:20:01 ~-~-> 02:20:05 |trade Forex, you want to trade these very specific and in fact, if you're
1635 |1634 |02:20:05 ~-~-> 02:20:08 |going to be doing Forex, this is different. This is something very
1636 |1635 |02:20:08 ~-~-> 02:20:15 |specific for forex, the 650, to 7:10pm, Eastern Time, that macro for the Aussie
1637 |1636 |02:20:15 ~-~-> 02:20:20 |dollar, the New Zealand dollar, and the yen and the Swiss franc, they tend to do
1638 |1637 |02:20:20 ~-~-> 02:20:27 |very well during the Asian session. So if you look at like 650, to 710, there's
1639 |1638 |02:20:27 ~-~-> 02:20:31 |usually a little bit of a small micro move that you can do there. You get
1640 |1639 |02:20:31 ~-~-> 02:20:35 |1015, pips at the market doing that easy, sometimes 20. But when you get
1641 |1640 |02:20:35 ~-~-> 02:20:42 |into like the 750, to 810, indices and forex pairs can give you like 2025
1642 |1641 |02:20:42 ~-~-> 02:20:48 |handle runs in that time in that macro, same thing happens in the 850, to 910,
1643 |1642 |02:20:49 ~-~-> 02:20:54 |both forex and index futures, that one can deliver anywhere between 15 to 25
1644 |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
1645 |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
1646 |1645 |02:21:06 ~-~-> 02:21:09 |or 15 pips, you know, if you, if you're going in there surgically and constantly
1647 |1646 |02:21:09 ~-~-> 02:21:14 |getting them all day long, you can run up 253, 50 pips a day trading these
1648 |1647 |02:21:14 ~-~-> 02:21:19 |things, and one contract basis, that's the grows your account. So every single
1649 |1648 |02:21:19 ~-~-> 02:21:24 |hour there is a macro, but the 11 o'clock one isn't going to perform the
1650 |1649 |02:21:24 ~-~-> 02:21:31 |same way. But the 1150, to 1210, macro, that's fucking dynamite. That is
1651 |1650 |02:21:31 ~-~-> 02:21:35 |wonderful, because what you're doing is you're getting the beginning of true
1652 |1651 |02:21:35 ~-~-> 02:21:38 |day. True day is midnight, New York level. What the hell am I doing? I'm
1653 |1652 |02:21:38 ~-~-> 02:21:41 |teaching too much shit here in one day. Have yourself a good weekend, and I'll
1654 |1653 |02:21:41 ~-~-> 02:21:50 |catch up with you next week. No, yes, this sounds like a motherfucker that
1655 |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
1656 |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
1657 |1656 |02:21:59 ~-~-> 02:22:01 |fucking famous the fuck out of you with your bullshit. I.